Agenda packet — Orange City Council, September 10, 2024 (part 3 of 3)

338
Planning Commission Minutes - Final August 5, 2024
to:

1. Adopt Planning Commission Resolution No. 20-24. A Resolution of the Planning Commission recommending that the City Council approve an ordinance of the City Council of the City of Orange amending Title 17 of the Orange Municipal Code regarding homeless shelter regulations.

2. Find that the Ordinance is exempt from the California Environmental Quality Act (CEQA) per State CEQA Guidelines Section 15305.

The motion carried by the following vote:

Martinez, Vejar, Maldonado, Tucker, Leslie, and VazquezAyes:

NoneNoes:

McCormackAbsent:

5. ADJOURNMENT
There being no further business, the meeting was adjourned at 5:58 p.m.

The next Regular Planning Commission Meeting will be held on Monday, August 19, 2024 at 5:30 p.m., in the Council Chamber, 300 E. Chapman Avenue, Orange, California 92866.
__s/s Anna Pehoushek_________________________
Anna Pehoushek
Assistant Community Development Director

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Agenda Item
Planning Commission
Item #: 4.1. 8/5/2024 File #: 24-0418
TO: Chair and Members of the Planning Commission
FROM: Anna Pehoushek, Assistant Community Development Director

1. SUBJECT
Public Hearing to consider a Zoning Text Amendment, Development Agreement and Conditional Use Permit to allow expanded business activities at Blue Ribbon Nursery and dedication of a former sand and gravel pit to the City of Orange as permanent open space at 5309 East Santiago Canyon Road and alternate addresses 1425 North Santiago Boulevard and 1921 Old Country Park Road, and finding of CEQA exemption. (Development Agreement No. 0010-24 and Conditional Use Permit No. 3229-24)

2. SUMMARY
The applicant proposes an Ordinance amending Chapter 17.13 of the Orange Municipal Code to allow the sale of building materials and landscape supplies in a Sand and Gravel Zone in conjunction with a commercial nursery subject to a conditional use permit, and associated Development Agreement to allow expanded business activities at an existing nursery in conjunction with dedicating the naturalized former “Chandler Pit” sand and gravel pit to the city to retain as permanent open space at Blue Ribbon Nursery.

3. RECOMMENDED ACTION

1. Conduct and close Public Hearing.

2. Adopt Planning Commission Resolution No. 21-24. A Resolution of the Planning Commission of the City of Orange recommending the City Council approve an Ordinance amending Chapter

17.13 of the Orange Municipal Code to conditionally permit the sale of building materials and landscape supplies in a Sand and Gravel Zone in conjunction with an existing commercial nursery.

3. Adopt Planning Commission Resolution No. 22-24. A Resolution of the Planning Commission recommending the City Council approve an Ordinance adopting Development Agreement No. 0010-24 that provides a public benefit to the City in the form of the dedication of a naturalized former sand and gravel pit to the City of Orange as permanent open space at 5093 E. Santiago Canyon Road.

4. Adopt Planning Commission Resolution No. 23-24. A Resolution of the Planning Commission of the City of Orange approving Conditional Use Permit No. 3229-24 to allow the expanded sale of building materials and landscape supplies in conjunction with the existing Blue Ribbon Nursery at 5309 East Santiago Canyon Road.

5. Find that the Ordinance is exempt from the California Environmental Quality Act (CEQA) per State CEQA Guidelines pursuant to, but not limited to Section 15305, 15307, and 15308 City of Orange Printed on 8/1/2024Page 1 of 4
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4. AUTHORIZING GUIDELINES
Orange Municipal Code (OMC) Sections 17.10.020 and 17.44.100 authorize the Planning Commission to review and make a recommendations to the City Council on amendments to the Zoning Ordinance and Development Agreements, respectively. OMC Section 17.10.030 authorizes the Planning Commission to take action on Conditional Use Permits except, in accordance with Table

17.08.020, in instances where the application requirements require City Council approval.

5. PROJECT BACKGROUND
The City of Orange approved Conditional Use Permit No. 1744 and Administrative Adjustment 89-4 in 1989 to allow for the operation of the Blue Ribbon Nursery at the subject property. Adjacent to north of the Blue Ribbon Nursery site is the naturalized excavated “ChandlerPit”and the abutting Santiago Creek corridor. Sand and gravel mining ceased at the Chandler Pit in the 1960s, and over the course of the ensuing 50 years the pit has become naturalized with mature vegetation, wetlands, and habitat for a variety of species associated with the Santiago Creek corridor.

Creek corridor planning efforts on the part of community groups, the city, and the County of Orange dating back to the 1970s have contemplated establishing a greenbelt along Santiago Creek, recognizing the sand and gravel pits along the creek corridor as opportunities for protected open space for purposes of habitat or recreation.

The existing overall approximately 14-acre site consists of three Assessor Parcels, one of which encompasses the Chandler Pit (see Attachment 4). The parcel and operational footprint associated with the Blue Ribbon Nursery’s1989 conditional use permit does not include the parcel immediately adjacent to Santiago Canyon Road that is of a similar depth to the nursery parcel nor the larger Chandler Pit parcel. In 2017 the applicant paved the parcel at the southeastern corner of the site for informal use as parking, truck and equipment storage for the nursery. At the present time, the area is used for truck and equipment storage, as well as for the storage of landscape materials, building supplies, and firewood.

The overall site is zoned Sand and Gravel (SG). Under the current SG provisions of the Zoning Ordinance, use of this paved parcel as part of for parking or other materials storage or sales associated with the nursery is not permitted.

6. PROJECT DESCRIPTION
The applicant proposes to expand the operating area of the existing nursery and landscape supply business and enter into a Development Agreement with the City of Orange to dedicate the Chandler Pit to the City of Orange to retain as open space. A Zoning Text Amendment is proposed to allow the sale of building materials and landscape supplies in the SG zone in conjunction with an existing commercial nursery subject to a Conditional Use Permit (CUP). Therefore, the applicant is also requesting approval of a CUP to accommodate an expanded operational footprint for the nursery. A Lot Line Adjustment will be required as a condition of approval (Condition #10) to establish a lot line following the upper limits of the Chandler Pit, separating it from the portion of the site that will be actively used for the nursery and landscape supply operation.

Operating hours for the Blue Ribbon Nursery are Monday through Sunday from 6:00 am to 8:00 pm.

A change in the hours of operation is proposed to Monday though Sunday, 6:00 a.m. to 8:00 p.m. (reflecting in the proposed Development Agreement). The expanded nursery operation includes a series of material bays consisting of modular Vee interlocking stacked concrete blocks to contain a range of products including gravel, decomposed granite, soil mix, wood chips, mulch, and similar City of Orange Printed on 8/1/2024Page 2 of 4
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Item #: 4.1. 8/5/2024 File #: 24-0418
range of products including gravel, decomposed granite, soil mix, wood chips, mulch, and similar landscape materials. Material quantities will vary based on the time of year, season, and material demand. The maximum height of the bays is 6 feet, containing materials no greater than 12 feet in height along E. Santiago Canyon Road, holding up to 30 cubic yards of material. As a point of comparison, these bays and stored materials have a lesser capacity than the existing bays along the N. Santiago Boulevard frontage which have a capacity of 40 cubic yards with material stored at a height of 15 feet. While the storage bays along the Santiago Canyon Road site frontage have a close interface with the Santiago Creek bike trail, a series of palm trees are planted along the edge of the bike trail on the applicant’s property along an existing chain link fence, providing a physical separation between the bike trail and storage bays.

Other portions of the site will be used as open storage for building materials including brick, stone veneer and pavers, as well for wood splitting and stacked firewood. The wood is placed within display frames to facilitate customer service. The expanded operational area of the nursery will continue to accommodate parking for nursery-related trucks and equipment.

7. ANALYSIS AND STATEMENT OF THE ISSUES
Issue 1: Zoning Ordinance Text Amendment and Conditional Use Permit While the proposed Zoning Ordinance Text Amendment allowing the nursery expansion in the SG zone and proposed CUP are being heard concurrently, Condition of Approval #6 in the Planning Commission Resolution (Attachment 3) specifies that the CUP will not be in place until the effective date of the proposed Ordinance and execution of the Development Agreement.

Issue 2: Community Benefit
Creating a means to formalize the Blue Ribbon Nursery’s operational needs in conjunction with dedication of the Chandler Pit as open space benefits the community in multiple ways. The proposed actions resolve the long-standing questions and concerns about the filling of the pit and its future development potential, support public interest and Santiago Creek plans by incrementally establishing a greenbelt along the creek, and supporting the expansion and viability of a long-time local business. Leaving the pit in its naturalized state also supports habitat for flora and fauna associated with the creek corridor, and city’s ecological diversity.

8. PUBLIC NOTICE
On July 25, 2024 the City sent a Public Hearing Notice to a total of 79 property owners/tenants within a 400-foot radius of the project site and persons specifically requesting notice. The project site has been posted in three locations with the notification on that same date.

9. ENVIRONMENTAL REVIEW
Categorical Exemption: The proposed action is exempt from the California Environmental Quality Act (CEQA) pursuant to, but not limited to, State CEQA Guidelines Section 15305 (Minor Alterations in Land Use Limitations), Section 15307 (Actions by Regulatory Agencies for the Protection of Natural Resources), and Section 15308 (Actions by Regulatory Agencies for Protection of the Environment) because it accommodates the storage and sale of building materials and landscape supplies on portions of a commercial nursery site that are already paved or are unpaved but in a disturbed, non-native condition and retains a former sand and gravel pit in a naturalized condition that has evolved since excavation ceased, to include wetlands and habitat for flora and fauna associated with the Santiago Creek corridor. For this reason, no further CEQA documentation is City of Orange Printed on 8/1/2024Page 3 of 4
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Item #: 4.1. 8/5/2024 File #: 24-0418
required.

10. ADVISORY BOARD ACTION
None.

11. ATTACHMENTS
· Attachment 1 Planning Commission Resolution No. 21-24 (including Ordinance) · Attachment 2 Planning Commission Resolution No. 22-24 (including Ordinance and Development Agreement)
· Attachment 3 Planning Commission Resolution No. 23-24 · Attachment 4 Project Plans
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1830
610 150
75 75906958269
6921069
69672696969382699075
69 140
Ø16mm RebarLifting Hook.
==610
500500
Plan
15075
Ø74mm dia semi-spherical recess in gravitational centreof block for pin anchor.(pin anchor is rated to 2.5 tonnes with a safety factor of 3).

ElevationEnd
Unit RefVolume (m³)Weight (kg)B1-18300.6771600
610Isometric View

1. Handling·Unit Volume / Weight·Weight is based on 2350 kg/m³·Lifting system is by means of a 16mm dia. inverted 'V'hook using lifting chains or similar certified lifting system.Hook certified to : (LOLER 1998), (PUWER) 1998(The spherical pin anchor is used for production purposes only).2. Concrete·Characteristic 28 day cube strength = 50 N/mm² min.·Concrete is Class A1 Fire Resistant in accordance withclause 4.3.4.4 of EN 13369.3. Manufacture·Manufactured to :BS EN 13369 : 2013·Tolerances to :BS EN 13670 : 20094. Physical & Chemical Properties·Appearance : Grey in Colour·Other Chemical Properties : Not Applicable5. Design·Design Life : >100 years6. Manufacture Tolerances·Length± 5mm·Width± 5mm·Height± 5mm N:\Drawings\AutoCAD Files\ICB - Vee\EPC-VEE-001_A - 1830 x 610 x 610 (B1-1830).dwgDATECHKDDRNA3SIZESCALEDRGREV ELITE PRECAST CONCRETE LTDHALESFIELD 9, TELFORDSHROPSHIRE TF7 4QWTITLEElite Product Code :DATEREVAPPDRNREASON FOR ISSUEDATEREVAPPDRNREASON FOR ISSUEEPC-VEE-001Vee™ Interlocking Concrete BlockB1 - 1830 x 610 x 610B1-1830A CTCRMD28-06-161:10 O28.06.16For Information.CTCRMD A03.01.18Drawing revised & updated.CTCRMD 347
Agenda Item
City Council
Item #: 9.1. 9/10/2024 File #: 24-0514
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Trang Nguyen, Finance Director

1. SUBJECT
Monthly Treasurer’s Reports for April, May, and June 2024.

2. SUMMARY
These reports provide a compilation of three-monthly Treasurer’sReports to the City Council for the fourth quarter of Fiscal Year 2023-2024. Included in the reports are an economic update and detail of the City’s portfolio holdings, monthly transactions, and consolidated information on all cash and investments.

3. RECOMMENDED ACTION
Receive and file.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 2: Be a fiscally healthy community
d: Effectively manage and develop City assets.

6. DISCUSSION AND BACKGROUND
The City’sFiscal Year 2023-24 (FY24) Statement of Investment Policy has been adopted by the City Council of the City of Orange as Resolution 11469 and is in accordance with the California Government Code Sections 53600 et seq. Per the Investment Policy, three monthly investment reports are to be submitted to the City Council within 45 days following the end of the quarter. As staff cannot gather the required information prior to the deadline for the regular City Council meeting, staff provided the report through a special Council weekly report on August 15, 2024 to meet the 45-day limit.

As required by the City’s present Investment Policy, the City Treasurer’s report delineates all investments made by the City Treasurer for the City, its special funds, and the Successor Agency funds, by investment type and by broker.

The monthly Compliance Report certifying compliance of all investments with both the Government Code and the City’s Investment Policy is included.

The Investment Portfolio Statement accurately reflects all investments held by the City and its agents City of Orange Printed on 9/5/2024Page 1 of 3
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Item #: 9.1. 9/10/2024 File #: 24-0514
The Investment Portfolio Statement accurately reflects all investments held by the City and its agents as of the end of each month. A summary of Treasurer’s cash and investments is also included.

Summary of Cash and Investments:

The cash and investment report provides a summary of the cash and investment accounts held by the City at quarter ending June 30, 2024. As of June 30, 2024, the book value of the City’stotal investment portfolio was $175.3 million, of which $102.8 million, or 58.6%, was managed by Chandler Asset Management (Chandler), the City’s investment manager. The remaining balance $72.5 million of the portfolio was managed by City staff of which $43.7 million was invested in the Local Agency Investment Fund (LAIF) and $28.8 million held in the City’s operating checking account.

Cash & Investments Balance₁
Chandler Investments: $102,308,639
Chandler Custodial Cash 2 474,192
LAIF, City: 33,648,559
LAIF, Successor Agency: 10,051,318
Wells Fargo Bank: 28,776,381
Balance at 6/30/2024 $175,259,089
(1)Represents the bank balance. Includes operating cash and investments (valued at cost). Does not include deposits with administrator, imprest cash, fiscal agent cash and investments, and deferred compensation. (2)Represents custodial cash account that Chandler holds with US Bank.

Pursuant to California Government Code Section 53646(b)(3), the City certifies that the reported cash and investment balances are sufficient to meet anticipated expenditures for the next six months.

In summary, cash and investments as of June 30, 2024, totaled $175,259,089. This is an increase of $6.2 million over the June 30, 2023 total of $163,039,828. The total cash and investments amount of $175.3 million is comprised of:

Fund Amount (in
millions)
% of
Total
General Fund $29.8 17%
Special Revenue Fund 30.3 17%
Enterprise Fund 39.5 23%
Capital Project Fund 35.0 20%
Internal Service Fund 28.2 16%
Other Funds 12.5 7%
Total $175.3 100%
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Significant Cash Transactions:

The City’stotal cash increased by $12.1 million from the last quarter. Total cash fluctuates over the course of the fiscal year due to regular cyclical events. The City received large property tax allocations totaling $25.8 million and sales tax allocations totaling $14.4 million. Significant cash transactions in the fourth quarter of FY24 were payroll, operational payments to vendors, and a $14.4 million debt service payment for the Pension Obligation Bonds. All cash disbursements are within the FY24 budget and all check registers are presented to the City Council monthly.

7. ATTACHMENTS
· Investment Report for the Period Ending June 30, 2024 · Monthly Statement for April 2024
· Monthly Statement for May 2024
· Monthly Statement for June 2024
City of Orange Printed on 9/5/2024Page 3 of 3
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350
Agenda Item
City Council
Item #: 9.1. 9/10/2024 File #: 24-0514
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Trang Nguyen, Finance Director

1. SUBJECT
Monthly Treasurer’s Reports for April, May, and June 2024.

3. RECOMMENDED ACTION
Receive and file.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 2: Be a fiscally healthy community
d: Effectively manage and develop City assets.

The monthly Compliance Report certifying compliance of all investments with both the Government Code and the City’s Investment Policy is included.

The Investment Portfolio Statement accurately reflects all investments held by the City and its agents City of Orange Printed on 9/5/2024Page 1 of 3
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Item #: 9.1. 9/10/2024 File #: 24-0514
The Investment Portfolio Statement accurately reflects all investments held by the City and its agents as of the end of each month. A summary of Treasurer’s cash and investments is also included.

Summary of Cash and Investments:

Pursuant to California Government Code Section 53646(b)(3), the City certifies that the reported cash and investment balances are sufficient to meet anticipated expenditures for the next six months.

Fund Amount (in
millions)
% of
Total
General Fund $29.8 17%
Special Revenue Fund 30.3 17%
Enterprise Fund 39.5 23%
Capital Project Fund 35.0 20%
Internal Service Fund 28.2 16%
Other Funds 12.5 7%
Total $175.3 100%
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Significant Cash Transactions:

INVESTMENT REPORT
City of Orange | As of June 30, 2024
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement. 354

TABLE OF CONTENTS
City of Orange | Account #10888 | As of June 30, 2024

ECONOMIC UPDATE

ACCOUNT PROFILE

PORTFOLIO HOLDINGS

TRANSACTIONS
1 355

ECONOMIC UPDATE
2 356
Economic Update



Recent economic data suggests positive but slower growth this year fueled by consumer spending. While the consumer has been resilient, growing credit card debt, higher delinquencies, and a moderating labor market pose potential headwinds to future economic growth.

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

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

The US Treasury yield curve shifted lower in June as economic data moderated. The 2-year Treasury yield fell 12 basis points to 4.76%, the 5-year Treasury dropped13 basis points to 4.38%, and the 10-year Treasury yield declined 10 basis points to 4.40%. The inversion between the 2-year Treasury yield and 10-year Treasury yield remained relatively stable at -36 basis points at June month-end versus -37 basis points at May month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -106 basis points. The inversion between 3-month and 10-year Treasuries widened to -96 basis points in June from -91 basis points in May. 3 357
Employment
-400
-200
0 200
400
600
800
1,000MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)

0.0%

5.0%

10.0%

15.0%

20.0%

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

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

Source: US Department of Labor Source: US Department of Labor 4 358
Job Openings & Labor Turnover Survey
0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In Thousands (000's)
The Labor D epartment’s Job Openings and Labor Turnover Survey (JOLTS) increased to 8.140 million job openings in May from a downwardlyrevised 7.919 million in April. Job openings still represent a healthy ratio of around 1.2 jobs for each unemployedindividual.

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

Source: US Department of Labor
5 359
Inflation

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

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

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Cor e Deflator Y OY % Change
Fed Target
YOY (%) Change
In June, t he Consumer Price Index (CPI) declined 0.1% month-over-monthand rose 3.0% year-over-year, reflecting broad-based cost reductions. The month-over-monthdrop was the first deflationary data point since the pandemic. The Core CPI, which excludes volatile food and energy components, was up just 0.1% month-over-monthand 3.3% year-over-year in June, down from 3.4% in May and lower than expected. The Personal Consumption Expenditures (PCE) Index decelerated in May as expected. The headline PCE deflator was unchanged in May from April versus up 0.3% in the prior month. Year-over-year, the PCE deflator rose 2.6%. The Core PCE deflator (the Fed’s preferred gauge) increased 0.1% in May from the prior month versus up 0.3% in April. The Core PCE deflator also rose 2.6% year- over-year, still above the Fed’s 2% inflation target. Much of the lingering inflation has been driven by shelter costs and demand for services.

Source: US Department of Labor Source: US Department of Commerce 6 360
Consumer
-30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
Retail Sales w ere unchanged month-over-monthin June after an upwardly revised 0.3% gain in May. On a year-over-year basis, Retail Sales growth further slowed to 2.3% in June from 2.6% in May. Nonstore retailers were a bright spot in June, while motor vehicle and gasoline sales declined. The Conference Board’s Consumer Confidence Index fell to 100.4 in June from 101.3 in May. While the present situation component rose marginally, consumers are less optimistic about future expectations for business conditions and potential income increases. While the consumer has been resilient, consumption has begun to moderate in the face of higher interest rates, rising credit card balances, and growing delinquencies.
0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09) 7 361
Leading Indicators of Economic Activity
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

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

0.00 0.25

0.50 0.75

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

Source: The Conference Board Source: Federal Reserve Bank of Chicago 8 362
Housing
0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts jumped 3.0% month-over-monthin June to a higher-than-expected 1.353 million units, driven primarily by the multi-family category. Starts were down 4.4% year-over-year. The Freddie Mac average rate for a 30-year fixed mortgage edged down to 6.92% in June from 7.06% in May. According to the Case-Shiller 20-City Home Price Index, housing prices rose a higher-than-expected 7.2% year- over-year in April versus March's upwardly revised 7.5% increase. Tight inventories and higher mortgage rates continue to impact affordability.

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

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change
9 363
Survey Based Measures
40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services

EXPANDING

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

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

Source: Institute for Supply Management
10 364
Gross Domestic Product (GDP)
Components of GDP 9/23 12/ 23 3/24 6/24

2.1% 2.2% 1.0% 1.6%

1.7% 0.2% 0.8% 1.5%

0.0% 0.3% -0.7% -0.7%

0.5% 0.2% 0.0% 0.3%

0.5% 0.6% 0.3% 0.3%

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

0.0%

10.0%

20.0%

30.0%

40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce The advance e stimate for second quarter GDP came in higher than expected at 2.8%, beating consensus expectations and 1.4% growth in the first quarter. Personal consumption was the largest contributor to GDP, mostly due to outlays for necessities such as health care, housing, and utilities. The strong reading was also driven by business capital investment and an increase in auto inventories as car dealerships grappled with a software cyberattack. The consensus projection calls for 1.5% growth in the third quarter and 2.3% growth for the full year 2024.
11 365
Federal Reserve
Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In $ millions
As expected at the June meeting, the Federal Open Market Committee voted unanimously to leave the federal funds rate unchanged at a target range of 5.25-5.50%, emphasizing the need to see sustained evidence of easing inflation before considering any rate cuts. The FOMC's latest projections now suggest only one interest rate cut in 2024, with four more cuts expected in 2025 and a slightly higher long- term neutral rate. The Fed’s inflation projections ticked up marginally, while unemployment and GDP growth forecasts remained steady.

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

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)
12 366
Bond Yields
Source: Bloomberg Source: Bloomberg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

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

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Yield Curve
Jun-24
Mar-24
Jun-23
Yield (%)
At the end of June, the 2-year Treasury yield was 15 basis points lower, and the 10-Year Treasury yield was 56 basis points higher, year- over-year. The inversion between the 2-year Treasury yield and 10-year Treasury yield remained relatively stable at -36 basis points at June month-endversus -37 basis points at May month-end. The inversion has occurred since July 2022 and remains historically long. The average historical spread (since 2003) is about +130 basis points. The inversion between 3-month and 10-year Treasuries widened to -96 basis points in June from -91 basis points in May.
13 367

ACCOUNT PROFILE
14 368

OBJECTIVES
City of Orange | Account #10888 | As of June 30, 2024
Investment Objectives
The investment objectives of the City of Orange are first, to provide safety of principal to ensure the preservation of capital in the overall portfolio; second, to provide adequate liquidity to meet all requirements which might be reasonably anticipated; and third, to earn a commensurate rate of return.

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

Strategy
In order to achieve these objectives, the portfolio invests in high quality fixed income securities consistent with the investment policy and California Government Code.
15 369

PORTFOLIO CHARACTERISTICS
City of Orange | Account #10888 | As of June 30, 2024
Benchmark* 6/30/2024
Portfolio
3/31/2024
Portfolio
Average Maturity (yrs) 2.68 2.57 1.98
Average Modified Duration 2.51 2.23 2.16
Average Purchase Yield 2.87% 2.22%
Average Market Yield 4.66% 4.96% 4.87%
Average Quality** AA+ AA AA
Total Market Value 100,583,322 99,531,917
*Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index **The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 16 370

SECTOR DISTRIBUTION
City of Orange | Account #10888 | As of June 30, 2024
Sector as a Percentage of Market Value
Sector 06/30/2024 03/31/2024
Agency 43.7% 51.6%
Corporate 26.1% 29.0%
US Treasury 21.2% 8.8%
ABS 5.2% 4.0%
Supras 3.6% 3.7%
Money Mkt Fd 0.1% 0.3%
Cash 0.0% 2.7%
17 371

ISSUERS
City of Orange | Account #10888 | As of June 30, 2024
Issuer Investment Type % Portfolio
United States US Treasury 21.23%
Federal Home Loan Banks Agency 19.24%
FHLMC Agency 12.55%
Farm Credit System Agency 8.11%
Toyota Motor Corporation Corporate 4.73%
FNMA Agency 3.83%
The Coca-Cola Company Corporate 2.98%
Apple Inc. Corporate 2.80%
PepsiCo, Inc. Corporate 2.02%
International Bank for Recon and Dev Supras 1.93%
UnitedHealth Group Incorporated Corporate 1.75%
Inter-American Development Bank Supras 1.71%
American Express Credit Master Trust ABS 1.41%
Cisco Systems, Inc. Corporate 1.25%
The Home Depot, Inc. Corporate 1.24%
Caterpillar Inc. Corporate 1.24%
JPMorgan Chase & Co. Corporate 1.21%
Bank of America Corporation Corporate 1.21%
PACCAR Inc Corporate 1.19%
Chase Issuance Trust ABS 1.06%
Royal Bank of Canada Corporate 0.99%
Bank of Montreal Corporate 0.99%
John Deere Owner Trust ABS 0.91%
Deere & Company Corporate 0.78%
Morgan Stanley Corporate 0.77%
BMW Vehicle Owner Trust ABS 0.64%
Honda Auto Receivables Owner Trust ABS 0.54%
Bank of America Credit Card Trust ABS 0.51%
18 372

ISSUERS
City of Orange | Account #10888 | As of June 30, 2024
Issuer Investment Type % Portfolio
National Rural Utilities Cooperative Corporate 0.50%
Union Pacific Corporation Corporate 0.47%
First American Govt Oblig fund Money Mkt Fd 0.12%
BMW Vehicle Lease Trust ABS 0.09%
Cash Cash 0.00%
TOTAL 100.00%
19 373

QUALITY DISTRIBUTION
Rating 06/30/2024 03/31/2024
AAA 7.5% 9.7%
AA 69.0% 64.4%
A 22.1% 24.9%
NR 1.4% 0.9%
Rating 06/30/2024 03/31/2024
AAA 74.0% 71.1%
A 23.4% 26.2%
NR 2.7% 2.7%
Rating 06/30/2024 03/31/2024
AAA 4.2% 6.9%
AA 69.3% 65.8%
A 11.5% 12.3%
NR 15.0% 15.0%
City of Orange | Account #10888 | As of June 30, 2024
SsP Rating Moody’s Rating Fitch Rating
20 374
0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
Portfolio 7.6% 1.3% 14.7% 24.3% 16.4% 19.8% 15.9% 0.0% 0.0% ICE BofA 1-5 Year Unsubordinated US
Treasury & Agency Index

0.0% 0.1% 2.4% 35.0% 26.8% 22.9% 12.8% 0.0% 0.0%

DURATION DISTRIBUTION
City of Orange | Account #10888 | As of June 30, 2024
Portfolio Compared to the Benchmark
21 375
3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception

TOTAL RATE OF RETURN
City of Orange 1.07% 4.88% 2.46% 0.06%
Benchmark 0.82% 4.18% 1.85% (0.14%)
*Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio. Realized rate of return: A measure of a portfolio’s return over time. It is the internal rate which equates the beginning book value of the portfolio with the ending book value; it includes interest earnings, realized gains and losses in the portfolio.

INVESTMENT PERFORMANCE
City of Orange | Account #10888 | As of June 30, 2024
Total and Realized Rate of Return : Inception | 01/01/2022 -1.00%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
12 months 2 years 3 years 5 years 10 years Since Inception City of Orange ICE BofA 1-5 Yr US Treasury & Agency Index 22 376

PORTFOLIO HOLDINGS
23 377

HOLDINGS REPORT
City of Orange | Account #10888 | As of June 30, 2024
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
05593AAC3 BMWLT 2023-1 A3 5.16 11/25/2025 88,080.10 02/07/2023 88,078.01 99.81 87,915.81 0.09% Aaa/AAA 1.41

5.43% 88,079.04 5.69% 75.75 (163.24) NA 0.42
43815JAC7 HAROT 2023-1 A3 5.04 04/21/2027 210,000.00 02/16/2023 209,960.98 99.58 209,122.47 0.21% Aaa/NA 2.81

5.09% 209,973.66 5.40% 294.00 (851.19) AAA 1.44
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 395,000.00 02/22/2023 394,928.03 99.54 393,198.52 0.39% Aaa/NA 3.38

3.39% 394,948.42 5.38% 879.53 (1,749.90) AAA 1.52
05592XAD2 BMWOT 2023-A A3 5.47 02/25/2028 190,000.00 07/11/2023 189,966.33 100.31 190,595.35 0.19% NA/AAA 3.66

5.47% 189,973.31 5.39% 173.22 622.03 AAA 1.96
02582JJZ4 AMXCA 2023-1 A 4.87 05/15/2028 350,000.00 06/07/2023 349,968.96 99.56 348,443.87 0.35% NA/AAA 3.88

4.87% 349,975.58 5.20% 757.56 (1,531.71) AAA 1.74
438123AC5 HAROT 2023-4 A3 5.67 06/21/2028 330,000.00 11/01/2023 329,941.89 100.88 3 32,909.51 0.33% Aaa/NA 3.98

5.74% 329,950.02 5.37% 519.75 2,959.49 AAA 2.28
02582JKD1 AMXCA 2023-3 A 5.23 09/15/2028 1,055,000.00 09/12/2023 1,054,952.84 100.33 1,058,490.68 1.06% NA/AAA 4.21

5.29% 1,054,960.24 5.14% 2,452.29 3,530.44 AAA 2.
03 161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023 1,059,706.17 100.26 1,062,705.97 1.06% NR/AAA 4.21

5.17% 1,059,752.81 5.11% 2,430.93 2,953.16 AAA 2.03
096919AD7 BMWOT 2024-A A3 5.18 02/26/2029 450,000.00 06/04/2024 449,931.65 100.10 450,444.56 0.45% Aaa/AAA 4.66

5.18% 449,932.44 5.21% 1,295.00 512.11 NA 2.10
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 510,000.00 06/11/2024 509,900.30 100.31 511,575.65 0.51% Aaa/NA 4.71

5.81% 509,901.05 5.14% 957.67 1,674.60 AAA 2.32
05522RDJ4 BACCT 2024-1 A 4.93 03/15/2029 505,000.00 06/06/2024 504,971.67 100.04 505,200.28 0.51% Aaa/AAA 4.71

4.93% 504,971.96 4.99% 1,244.83 228.32 NA 2.61
5,142,306.83 100.15 5,150,602.66 5.16% Aaa/AAA 4.12
Total ABS 5,143,080.10 5.13% 5,142,418.54 5.19% 11,080.52 8,184.12 AAA 2.03 AGENCY
3134GWVE3 FEDERAL HOME LOAN MORTGAGE 4,575,000.00 1 1/19/2020 4,573,627.50 98.75 4,517,855.92 4.52% Aaa/AA+ 0.24 CORP 0.4 09/25/2024 0.41% 4,574,916.05 5.76% 4,880.00 (57,060.13) AA+ 0.23 3135GA4W8 FEDERAL NATIONAL MORTGAGE 3,950,000.00 11/20/2020 3,950,000.00 96.95 3,829,424.75 3.83% Aaa/AA+ 0.64 ASSOCIATION 0.5 02/18/2025 0.50% 3,950,000.00 5.47% 7,296.53 (120,575.25) AA+ 0.62 24 378

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3130ANA42 FEDERAL HOME LOAN BANKS 0.65 4,000,000.00 07/28/2021 4,000,000.00 96.32 3,852,678.12 3.86% Aaa/AA+ 0.83 04/28/2025 0.65% 4,000,000.00 5.26% 11,050.00 (147,321.88) AA+ 0.80 3130AMBG6 FEDERAL HOME LOAN BANKS 0.75 5,000,000.00 05/04/2021 5,000,000.00 96.38 4,819,195.25 4.82% Aaa/AA+ 0.83 04/29/2025 0.75% 5,000,000.00 5.26% 6,458.33 (180,804.75) AA+ 0.81 3134GW3Z7 FEDERAL HOME LOAN MORTGAGE 8,500,000.00 10/28/2020 8,500,000.00 94.39 8,022,846.04 8.03% Aaa/AA+ 1.33 CORP 0.6 10/28/2025 0.60% 8,500,000.00 5.02% 8,925.00 (477,153.96) AA+ 1.29 3133EPCF0 FEDERAL FARM CREDIT BANKS 2,000,000.00 03/27/2023 2,026,680.00 99.43 1,988,663.94 1.99% Aaa/AA+ 1.67 FUNDING CORP 4.5 03/02/2026 4.01% 2,015,185.16 4.85% 29,750.00 (26,521.22) AA+ 1.57 3133EPQC2 FEDERAL FARM CREDIT BANKS 2,000,000.00 07/28/2023 1,998,260.00 99.68 1,993,665.88 2.00% Aaa/AA+ 2.05 FUNDING CORP 4.625 07/17/2026 4.66% 1,998,800.33 4.79% 42,138.89 (5,134.45) AA+ 1.89 3130ANDF4 FEDERAL HOME LOAN BANKS 0.9 5,000,000.00 0 7/29/2021 5,010,000.00 92.28 4,614,151.65 4.62% Aaa/AA+ 2.08 07/29/2026 0.90% 5,000,000.00 4.84% 19,000.00 (385,848.35) AA+ 2.01 3133EPDJ1 FEDERAL FARM CREDIT BANKS 2,000,000.00 03/27/2023 2,045,720.00 99.41 1,988,166.90 1.99% Aaa/AA+ 3.21 FUNDING CORP 4.375 09/15/2027 3
.81% 2,032,805.22 4.57% 25,763.89 (44,638.32) AA+ 2.92
3130ATS57 FEDERAL HOME LOAN BANKS 4.5 2,000,000.00 03/27/2023 2,060,420.00 99.88 1,997,546.06 2.00% Aaa/AA+ 3.70 03/10/2028 3.82% 2,045,022.75 4.53% 27,750.00 (47,476.69) AA+ 3.32 3130AEB25 FEDERAL HOME LOAN BANKS 3.25 2,000,000.00 07/24/2023 1,921,180.00 95.53 1,910,515.10 1.91% Aaa/AA+ 3.94 06/09/2028 4.15% 1,936,315.56 4.50% 3,972.22 (25,800.46) AA+ 3.64 3130AXQK7 FEDERAL HOME LOAN BANKS 4.75 2,000,000.00 01/29/2024 2,060,660.00 101.38 2,027,669.20 2.03% Aaa/AA+ 4.44 12/08/2028 4.05% 2,055,428.33 4.40% 6,069.44 (27,759.13) AA+ 3.96 3133ERDH1 FEDERAL FARM CREDIT BANKS 2,100,000.00 04/29/2024 2,104,263.00 101.45 2,130,511.30 2.13% Aaa/AA+ 4.83 FUNDING CORP 4.75 04/30/2029 4.70% 2,104,118.25 4.41% 16,902.08 26,393.04 AA+ 4.25 45,250,810.50 96.90 43,692,890.10 43.73% Aaa/AA+ 1.81
Total Agency 45,125,000.00 1.77% 45,212,591.66 5.02% 209,956.39 (1,519,701.56) AA+ 1.68 C
ASH
CCYUSD Receivable 4,643.69 -- 4,643.69 1.00 4,643.69 0.00% Aaa/AAA 0.00

0.00% 4,643.69 0.00% 0.00 0.00 AAA 0.00
4,643.69 1.00 4,643.69 0.00% Aaa/AAA 0.00
Total Cash 4,643.69 0.00% 4,643.69 0.00% 0.00 0.00 AAA 0.00 25 379

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

CORPORATE
191216CL2 COCA-COLA CO 1.75 09/06/2024 3,000,000.00 09/20/2019 2,964,750.00 99.28 2,978,490.42 2.98% A1/A+ 0.19

1.99% 2,998,697.32 5.67% 16,770.83 (20,206.90) WR 0.18
14913Q3B3 CATERPILLAR FINANCIAL SERVICES 1,250,000.00 05/31/2022 1,229,100.00 98.81 1,235,096.24 1.24% A2/A 0.36 CORP 2.15 11/08/2024 2.86% 1,246,947.19 5.55% 3,956.60 (11,850.95) A+ 0.35 24422EWF2 JOHN DEERE CAPITAL CORP 3.4 280,000.00 06/01/2022 279,935.60 98.17 274,886.65 0.28% A1/A 0.93 06/06/2025 3.41% 279,980.02 5.43% 661.11 (5,093.37) A+ 0.90 91324PEN8 UNITEDHEALTH GROUP INC 5.15 775,000.00 12/28/2022 786,780.00 99.85 773,867.66 0.77% A2/A+ 1.29 10/15/2025 4.56% 780,439.59 5.26% 8,425.97 (6,571.92) A 1.22 89236THP3 TOYOTA MOTOR CREDIT CORP 0.8 5,000,000.00 11/19/2020 5,025,000.00 94.53 4,726,611.90 4.73% A1/A+ 1.30 10/16/2025 0.70% 5,006,584.82 5.22% 8,333.33 (279,972.92) A+ 1.26 63743HFF4 NATIONAL RURAL UTILITIES 495,000.00 10/20/2022 494,336.70 1 00.02 495,110.39 0.50% A2/A- 1.33 COOPERATIVE FINANCE CORP 5.45 5.50% 494,705.61 5.43% 4,571.19 404.78 A 1.26 10/30/2025
037833EB2 APPLE INC 0.7 02/08/2026 3,000,000.00 02/08/2021 2,999,730.00 93.39 2,801,598.87 2.80% Aaa/AA+ 1.61 0 .70% 2,999,913.20 5.04% 8,341.67 (198,314.33) NA 1.56 713448FQ6 PEPSICO INC 4.55 02/13/2026 195,000.00 02/13/2023 194,886.90 99.33 193,685.32 0.19% A1/A+ 1.62

4.57% 194,938.80 4.99% 3,401.13 (1,253.48) NA 1.52
907818GE2 UNION PACIFIC CORP 4.75 470,000.00 02/13/2023 469,689.80 99.24 466,409.35 0.47% A3/A- 1.65 02/21/2026 4.77% 469,830.18 5.24% 8,061.81 (3,420.83) A- 1.53 46647PBK1 JPMORGAN CHASE & CO 2.083 1,250,000.00 05/31/2022 1,190,825.00 97.11 1,213,825.65 1.21% A1/A- 1.81 04/22/2026 3.92% 1,232,377.52 6.58% 4,990.52 (18,551.87) AA- 0.78 61747YET8 MORGAN STANLEY 4.679 775,000.00 12/28/2022 764,390.25 99.02 767,404.66 0.77% A1/A- 2.05 07/17/2026 5.26% 770,650.79 6.32% 16,519.47 (3,246.13) A+ 0.99 24422EXD6 JOHN DEERE CAPITAL CORP 5.15 505,000.00 09/05/2023 504,641.45 100.14 505,724.28 0.51% A1/A 2.19 09/08/2026 5.18% 504,738.61 5.08% 8,163.47 9 85.67 A+ 2.02 713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023 379,897.40 100.44 381,669.69 0.38% A1/A+ 2.36

5.13% 379,919.31 4.92% 2,758.96 1,750.39 NA 2.11
06368LAQ9 BANK OF MONTREAL 4.7 1,000,000.00 03/30/2023 991,550.00 98.71 987,099.94 0.99% A2/A- 3.21 09/14/2027 4.91% 993,927.21 5.14% 13,969.44 (6,827.27) AA- 2.90 78016FZW7 ROYAL BANK OF CANADA 4.9 1,000,000.00 0
3/30/2023 997,990.00 99.21 992,097.57 0.99% A1/A 3.54
01/12/2028 4.95% 998,516.65 5.15% 23,002.78 (6,419.08) AA- 3.13 26 380

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028
1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,206,315.46

96.38 5.85%
1,204,794.63
21,377.22

1.21%
(1,520.84)
A1/A-
AA-

3.56 2.35
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,455,892.65

96.15 4.76%
1,442,281.50
19,950.00

1.44%
(13,611.15)
A1/A+
NA

3.64 3.31
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029
1,000,000.00 05/28/2024

5.05%
967,180.00
967,820.11

97.37 4.90%
973,719.05
19,597.22

0.97%
5,898.94
A2/A+
A

4.54 3.99
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,194,969.32

98.90 4.87%
1,186,843.31
23,153.33

1.19%
(8,126.01)
A1/A+
NA

4.59 4.01
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,605.41

99.98 4.85%
1,249,779.48
21,050.35

1.25%
(825.93)
A1/AA-
NA

4.66 4.06
437076DC3 HOME DEPOT INC 4.75 06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,245,994.10
9 9.42

4.88%
1,242,721.06
989.58

1.24%
(3,273.04)
A2/A
A

4.99 4.39
Total Corporate 26,825,000.00 3.20%
26,590,914.60
26,673,763.87

97.33 5.30%
26,093,717.62
238,045.98

26.12%
(580,046.25)
A1/A+
A+

2.24 1.93

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 121,890.41
--
4 .92%
121,890.41
121,890.41

1.00 4.92%
121,890.41

0.00 0.12%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money Market
Fund 121,890.41 4.92%
121,890.41
121,890.41

1.00 4.92%
121,890.41

0.00 0.12%

0.00 Aaa/
AAAm
AAA

0.00 0.00

SUPRANATIONAL
4581X0EK0 INTER-AMERICAN DEVELOPMENT
BANK 4.5 05/15/2026
1,720,000.00 06/27/2023

4.53%
1,718,675.60
1,719,133.56

99.34 4.87%
1,708,568.30
9,890.00

1.71%
(10,565.26)
Aaa/AAA
NA

1.87 1.77
459058KT9 INTERNATIONAL BANK FOR

RECONSTRUCTION AND DEVELOPM

3.5 07/12/2028
2,000,000.00 07/24/2023

4.19%
1,938,380.00
1,949,969.86

96.35 4.50%
1,927,081.90
32,861.11

1.93%
(22,887.96)
Aaa/AAA
NA

4.03 3.65
Total Supranational 3,720,000.00 4.35%
3,657,055.60
3,669,103.42

97.76 4.67%
3,635,650.20
42,751.11

3.64%
(33,453.23)
Aaa/AAA
NA

3.02 2.76
27 381

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

US TREASURY
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026
3,000,000.00 09/30/2021

1.01%
2,980,546.88
2,991,253.55

92.04 4.64%
2,761,054.68
6,598.36

2.76%
(230,198.87)
Aaa/AA+
AA+

2.25 2.18
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028
2,200,000.00 06/13/2024

4.33%
2,135,203.13
2,135,981.06

96.73 4.44%
2,127,984.36
12,972.83

2.13%
(7,996.69)
Aaa/AA+
AA+

3.84 3.52
9128284N7 UNITED STATES TREASURY 2.875
05/15/2028
2,000,000.00 07/31/2023

4.23%
1,883,281.25
1,905,691.25

94.47 4.44%
1,889,453.12
7,343.75

1.89%
(16,238.13)
Aaa/AA+
AA+

3.88 3.60
912810FE3 UNITED STATES TREASURY 5.5
08/15/2028
2,100,000.00 04/29/2024

4.59%
2,173,746.09
2,170,830.11
104.43

4.32%
2,192,941.40
43,471.15

2.19%
22,111.29
Aaa/AA+
AA+

4.13 3.61
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028
2,200,000.00 05/28/2024

4.57%
2,226,640.63
2,226,096.61
101.87

4.40%
2,241,078.14
18,069.29

2.24%
14,981.53
Aaa/AA+
AA+

4.34 3.85
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028
2,000,000.00 12/28/2023

3.86%
1,935,078.13
1 ,941,814.27

94.96 4.40%
1,899,140.62
7,982.34

1.90%
(42,673.65)
Aaa/AA+
AA+

4.38 4.01
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029
2,200,000.00 03/27/2024

4.18%
2,206,617.19
2,206,267.56

99.55 4.36%
2,190,117.18
31,251.36

2.19%
(16,150.38)
Aaa/AA+
AA+

4.67 4.
13 91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029
2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,161,881.69

98.98 4.36%
2,177,570.32
22,811.48

2.18%
15,688.63
Aaa/AA+
AA+

4.75 4.23
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029
1,500,000.00 06/27/2024

4.31%
1,520,097.66
1,520,063.54
101.15

4.36%
1,517,226.57
11,688.18

1.52%
(2,836.97)
Aaa/AA+
AA+

4.83 4.27
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,224,347.54
100.68

4.34%
2,214,953.14
8,385.25

2.22%
(9,394.40)
Aaa/AA+
AA+

4.92 4.36
Total US Treasury 21,600,000.00 3.89%
21,446,945.34
21,484,227.18

98.35 4.41%
21,211,519.53
170,573.98

21.23%
(272,707.65)
Aaa/AA+
AA+

4.13 3.72
Total Portfolio 102,539,614.20 2.87%
102,214,566.97
102,308,638.77

97.40 4.96%
99,910,914.20
672,407.97
100.00%
(2,397,724.57)
Aa2/AA-
AA

2.57 2.23
Total Market Value +
Accrued 100,583,322.17
28 382

HOLDINGS REPORT
City of Orange LAIF Balances | Account #10895 | As of June 30, 2024 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 474,192.49 --

0.00%
474,192.49
474,192.49

1.00 0.00%
474,192.49

0.00 1.07%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 474,192.49 0.00%
474,192.49
474,192.49

1.00 0.00%
474,192.49

0.00 1.07%

0.00 Aaa/AAA
AAA

0.00 0.00
LAIF
90LAIF$00 Local Agency Investment Fund State
Pool
43,699,877.43 --

4.56%
43,699,877.43
43,699,877.43

1.00 4.56%
43,699,877.43

0.00 98.93%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 43,699,877.43 4.56%
43,699,877.43
43,699,877.43

1.00 4.56%
43,699,877.43

0.00 98.93%

0.00 NA/NA
NA

0.00 0.00
Total Portfolio 44,174,069.92 4.51%
44,174,069.92
44,174,069.92

1.00 4.51%
44,174,069.92

0.00 100.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Market Value +
Accrued 44,174,069.92
29 383

HOLDINGS REPORT
City of Orange Bank Balances | Account #10896 | As of June 30, 2024 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
999WEL$12 Wells Fargo General 136,518.00 04/30/2024

5.20%
136,518.00
136,518.00

1.00 5.20%
136,518.00

0.00 0.47%

0.00 NA/NA
NA

0.00 0.00
999WEL$14 Wells Fargo 467,620.07 --

0.00%
467,620.07
467,620.07

1.00 0.00%
467,620.07

0.00 1.63%

0.00 NA/NA
NA

0.00 0.00
999WEL$15 Wells Fargo 28,172,242.50 --

0.00%
28,172,242.50
28,172,242.50

1.00 0.00%
28,172,242.50

0.00 97.90%

0.00 NA/NA
NA

0.00 0.00
Total Cash 28,776,380.57 0.02%
28,776,380.57
28,776,380.57

1.00 0.02%
28,776,380.57

0.00 100.00%

0.00 NA/NA
NA

0.00 0.00
Total Portfolio 28,776,380.57 0.02%
28,776,380.57
28,776,380.57

1.00 0.02%
28,776,380.57

0.00 100.00%

0.00 NA/NA
NA

0.00 0.00
Total Market Value +
Accrued 28,776,380.57
30 384

TRANSACTIONS
31 385

ACQUISITIONS
Purchase 04/30/2024 912810FE3 2,100,000.00 UNITED STATES TREASURY 5.5
08/15/2028
103.512 4.59% (2,173,746.09) (23,798.08) (2,197,544.17) 0.00 Purchase 04/30/2024 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.75 04/30/2029
100.203 4.70% (2,104,263.00) 0.00 (2,104,263.00) 0.00
Purchase 05/29/2024 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029

96.718 5.05% (967,180.00) (15,819.44) (982,999.44) 0.00 Purchase 05/29/2024 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125
03/31/2029

98.234 4.53% (2,161,156.25) (14,629.10) (2,175,785.35) 0.00 Purchase 05/29/2024 91282CJF9 2,200,000.00 UNITED STATES TREASURY 4.875
10/31/2028
101.211 4.57% (2,226,640.63) (8,451.77) (2,235,092.40) 0.00 Purchase 06/11/2024 096919AD7 450,000.00 BMWOT 2024-A A3

5.18 02/26/2029

99.985 5.18% (449,931.65) 0.00 (449,931.65) 0.00
Purchase 06/13/2024 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 03/15/2029

99.994 4.93% (504,971.67) 0.00 (504,971.67) 0.00
Purchase 06/14/2024 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5
05/31/2029
101.117 4.25% (2,224,578.13) (3,786.89) (2,228,365.02) 0.00 Purchase 06/14/2024 91282CHA2 2,200,000.00 UNITED S TATES TREASURY 3.5
04/30/2028

97.055 4.33% (2,135,203.13) (9,415.76) (2,144,618.89) 0.00 Purchase 06/18/2024 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029

99.980 5.81% (509,900.30) 0.00 (509,900.30) 0.00
Purchase 06/28/2024 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029

99.679 4
.82% (1,245,987.50) (494.79) (1,246,482.29) 0.00
Purchase 06/28/2024 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824
01/20/2028

96.494 4.91% (1,206,175.00) (20,978.89) (1,227,153.89) 0.00 32 386

TRANSACTION LEDGER
City of Orange | Account #10888|04/01/2024 Through 06/30/2024| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Purchase 06/28/2024 91282CKP5 1,500,000.00 UNITED STATES TREASURY 4.625
04/30/2029
101.340 4.31% (1,520,097.66) (11,122.62) (1,531,220.28) 0.00 Total Purchase 19,465,000.00 (19,429,831.01) (108,497.34) (19,538,328.35) 0.00 TOTAL
ACQUISITIONS 19,465,000.00 (19,429,831.01) (108,497.34) (19,538,328.35) 0.00

DISPOSITIONS
Call
Redemption
04/22/2024 06051GJR1 (1,250,000.00) BANK OF AMERICA
CORP 0.976
04/22/2025
100.000 0.98% 1,250,000.00 0.00 1,250,000.00 0.00
Call
Redemption
06/13/2024 06406RBF3 (955,000.00) BANK OF NEW YORK
MELLON CORP 3.43
06/13/2025
100.000 3.44% 955,000.00 0.00 955,000.00 0.00
Total Call
Redemption (2,205,000.00) 2,205,000.00 0.00 2,205,000.00 0.00 Maturity 05/17/2024 3135GA4S7 (5,000,000.00) FEDERAL NATIONAL

MORTGAGE
ASSOCIATION 0.375
05/17/2024
100.000 0.38% 5,000,000.00 0.00 5,000,000.00 0.00
Maturity 06/13/2024 69371RR81 (895,000.00) PACCAR FINANCIAL CORP 3.15 06/13/2024
100.000 3.15% 895,000.00 0.00 895,000.00 0.00
Maturity 06/14/2024 3135GA5Y3 (4,375,000.00) FEDERAL NATIONAL

MORTGAGE
ASSOCIATION 0.375
06/14/2024
100.000 0.38% 4,375,000.00 0.00 4,375,000.00 0.00
Maturity 06/23/2024 40434CAD7 (3,000,000.00) HSBC USA INC 3.5 06/23/2024
100.000 3.50% 3
,000,000.00 0.00 3,000,000.00 0.00
Total Maturity (13,270,000.00) 13,270,000.00 0.00 13,270,000.00 0.00 Sale 06/06/2024 3134GW3Z7 (500,000.00) FEDERAL HOME LOAN MORTGAGE CORP 0.6
10/28/2025

93.982 0.60% 469,910.00 316.67 470,226.67 (30,090.00)
33 387

TRANSACTION LEDGER
City of Orange | Account #10888|04/01/2024 Through 06/30/2024| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Total Sale (500,000.00) 469,910.00 316.67 470,226.67 (30,090.00) TOTAL
DISPOSITIONS (15,975,000.00) 15,944,910.00 316.67 15,945,226.67 (30,090.00) 34 388
35 389
36 390
37 391

TRANSACTION LEDGER
City of Orange Bank Balances | As of June 30, 2024
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 06/30/2024 999WEL$14 10,298.94 Wells Fargo 1.000 0.00% (10,298.94) 0.00 (10,298.94) 0.00 Total Purchase 10,298.94 (10,298.94) 0.00 (10,298.94) 0.00 TOTAL
ACQUISITIONS 10,298.94 (10,298.94) 0.00 (10,298.94) 0.00

DISPOSITIONS
Sale 06/30/2024 999WEL$12 (26,454.00) Wells Fargo General 1.000 0.00% 26,454.00 0.00 26,454.00 0.00 Sale 06/30/2024 999WEL$15 (593,141.12) Wells Fargo 1.000 0.00% 593,141.12 0.00 593,141.12 0.00 Total Sale (619,595.12) 619,595.12 0.00 619,595.12 0.00 TOTAL
DISPOSITIONS (619,595.12) 619,595.12 0.00 619,595.12 0.00 OTHER
Cash Transfer 06/30/2024 CCYUSD (609,296.18) Cash 0.00% (609,296.18) 0.00 (609,296.18) 0.00 Total Cash
Transfer (609,296.18) (609,296.18) 0.00 (609,296.18) 0.00

TOTAL OTHER
TRANSACTIONS (609,296.18) (609,296.18) 0.00 (609,296.18) 0.00 38 392

IMPORTANT DISCLOSURES
City of Orange | Account #10888 | As of June 30, 2024
2024 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

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

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.

Source I CE 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 i ncome investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

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

BENCHMARK DISCLOSURES
City of Orange | Account #10888 | As of June 30, 2024
Benchmark Disclosure
ICE BofA 1-5 Yr Unsubordinated US Treasury
& Agency Index
The ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. 40 394

MONTHLY ACCOUNT STATEMENT
City of Orange | Account #10888 | As of April 30, 2024
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

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

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 (01/01/22)
City of Orange (0.25%) (0.12%) 0.26% 3.03% 1.71% -- -- -- (0.50%) Benchmark Return* (0.75%) (1.11%) (0.76%) 1.26% 1.07% -- -- -- (0.82%) Average Modified Duration 1.81
Average Coupon 2.32%
Average Purchase YTM 2.34%
Average Market YTM 5.20%
Average Quality AA
Average Final Maturity 2.07
Average Life 2.00
Beg. Values as of
04/01/2024
End Values as of
04/30/2024
Market Value 99,079,244.75 98,760,036.45
Accrued Interest 452,672.67 520,014.17
Total Market Value 99,531,917.43 99,280,050.63
Income Earned 158,792.77 197,073.35
Cont/WD 0.00 0.00
Par 102,154,375.96 102,193,226.56
Book Value 101,938,166.69 102,060,252.26
Cost Value 101,965,872.83 102,140,720.02
Federal Home Loan Banks 19.26%
FNMA 13.31%
FHLMC 13.06%
United States 10.91%
Farm Credit System 8.12%
Toyota Motor Corporation 4.74%
HSBC Holdings plc 3.03%
The Coca-Cola Company 3.00%
*Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Secondary Benchmark:
*See Footnote
The credit quality is a weighted average calculation of the highest of S&P , Moody’s’ and Fitch 396
CONFIDENTIAL | 3
City of Orange | Account #10888 | As of April 30, 2024
Execution Time: 05/02/2024 11:31:05 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2023)
Beginning Book Value 101,938,166.69 100,852,347.86
Maturities/Calls (1,250,000.00) (11,190,000.00)
Principal Paydowns 0.00 0.00
Purchases 8,366,878.16 33,958,847.19
Sales (4,294,536.16) (23,219,812.06)
Change in Cash, Payables, Receivables (2,705,482.31) 1,728,737.02 Amortization/Accretion 5,225.87 62,928.07
Realized Gain (Loss) 0.00 (132,795.81)
Ending Book Value 102,060,252.26 102,060,252.26
Month to Date Fiscal Year to Date
(07/01/2023)
Beginning Market Value 99,079,244.75 95,651,766.03
Maturities/Calls (1,250,000.00) (11,190,000.00)
Principal Paydowns 0.00 0.00
Purchases 8,366,878.16 33,958,847.19
Sales (4,294,536.16) (23,219,812.06)
Change in Cash, Payables, Receivables (2,705,482.31) 1,728,737.02 Amortization/Accretion 5,225.87 62,928.07
Change in Net Unrealized Gain (Loss) (441,293.87) 1,900,366.02 Realized Gain (Loss) 0.00 (132,795.81)
Ending Market Value 98,760,036.45 98,760,036.45
Maturities / Calls
Month to Date (1,250,000.00)
Fiscal Year to Date (11,190,000.00)
Principal Paydowns
Month to Date 0.00
Fiscal Year to Date 0.00
Purchases
Month to Date 8,366,878.16
Fiscal Year to Date 33,958,847.19
Sales
Month to Date (4,294,536.16)
Fiscal Year to Date (23,219,812.06)
Interest Received
Month to Date 148,304.06
Fiscal Year to Date 1,409,473.88
Purchased / Sold Interest
Month to Date (23,798.08)
Fiscal Year to Date (74,139.41)
397
CONFIDENTIAL | 4
City of Orange | Account #10888 | As of April 30, 2024
Execution Time: 05/02/2024 11:31:05 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
ABS
05593AAC3 BMWLT 2023-1 A3 5.16 11/25/2025 100,000.00 02/07/2023

5.43%
99,997.62
99,998.66

99.75 5.71%
99,753.96

86.00 0.10%
(244.70)
Aaa/AAA
NA

1.57 0.50
43815JAC7 HAROT 2023-1 A3 5.04 04/21/2027 210,000.00 02/16/2023

5.09%
209,960.98
209,972.09

99.45 5.57%
208,838.76
294.00

0.21%
(1,133.33)
Aaa/NA
AAA

2.97 1.17
92348KAA1 VZMT 2021-1 A 0.5 05/20/2027 220,000.00 10/21/2022

5.37%
204,668.75
210,180.57

99.73 0.99%
219,408.84

33.61 0.22%
9,228.27
Aaa/AAA
AAA

3.05 0.55
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 395,000.00 02/22/2023

3.39%
394,928.03
394,945.87

99.28 5.59%
392,137.79
879.53

0.40%
(2,808.08)
Aaa/NA
AAA

3.54 1.37
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 190,000.00 07/11/2023

5.47%
189,966.33
189,972.09

99.92 5.59%
189,850.57
173.22

0.19%
(121.53)
NA/AAA
AAA

3.82 1.47
02582JJZ4 AMXCA 2023-1 A 4.87 05/15/2028 350,000.00 06/07/2023

4.87%
349,968.96
349,974.52

99.00 5.45%
346,494.79
757.56

0.35%
(3,479.74)
NA/AAA
AAA

4.04 1.89
438123AC5 HAROT 2023-4 A3 5.67 06/21/2028 330,000.00 11/01/2023

5.74%
329,941.89
329,947.92
100.40

5.53%
331,325.97
519.75

0.34%
1,378.05
Aaa/NA
AAA

4.14 1.89
02582JKD1 AMXCA 2023-3 A 5.23 09/15/2028 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,958.66

99.72 5.42%
1,052,050.85
2,452.29

1.07%
(2,907.81)
NA/AAA
AAA

4.38 2.17
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.17%
1,059,706.17
1,059,743.00

99.34 5.52%
1,052,984.07
2,430.93

1.07%
(6,758.93)
NR/AAA
AAA

4.38 2.17
Total ABS 3,910,000.00 5.07%
3,894,091.57
3,899,693.38

99.56 5.25%
3,892,845.60
7,626.89

3.94%
(6,847.78)
Aaa/AAA
AAA

4.00 1.82
AGENCY
3135GA4S7 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 05/17/2024 5,000,000.00 11/20/2020

0.37%
5,000,000.00
5,000,000.00

99.78 5.14%
4,988,761.45
8,541.67

5.05%
(11,238.55)
Aaa/AA+
AA+

0.05 0.05
3135GA5Y3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 06/14/2024 4,375,000.00 12/14/2020

0.38%
4,375,000.00
4,375,000.00

99.40 5.29%
4,348,861.04
6,243.49

4.40%
(26,138.96)
Aaa/AA+
AA+

0.12 0.12
3134GWVE3 FEDERAL HOME LOAN MORTGAGE
CORP 0.4 09/25/2024 4,575,000.00 11/19/2020

0.41%
4,573,627.50
4,574,856.50

97.99 5.49%
4,483,150.01
1,830.00

4.54%
(91,706.49)
Aaa/AA+
AA+

0.41 0.39
3135GA4W8 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 02/18/2025 3,950,000.00 11/20/2020

0.50%
3,950,000.00
3,950,000.00

96.29 5.29%
3,803,616.56
4,004.86

3.85%
(146,383.45)
Aaa/AA+
AA+

0.80 0.78
3130ANA42 FEDERAL HOME LOAN BANKS 0.65
04/28/2025 4,000,000.00 07/28/2021

0.65%
4,000,000.00
4,000,000.00

95.56 5.29%
3,822,296.08
6,716.67

3.87%
(177,703.92)
Aaa/AA+
AA+

0.99 0.97
3130AMBG6 FEDERAL HOME LOAN BANKS 0.75
04/29/2025 5,000,000.00 05/04/2021

0.75%
5,000,000.00
5,000,000.00

95.64 5.30%
4,782,037.60
208.33

4.84%
(217,962.40)
Aaa/AA+
AA+

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

Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
3134GW3Z7 FEDERAL HOME LOAN MORTGAGE
CORP 0.6 10/28/2025 9,000,000.00 10/28/2020

0.60%
9,000,000.00
9,000,000.00

93.51 5.17%
8,415,858.60
450.00

8.52%
(584,141.40)
Aaa/AA+
AA+

1.50 1.45
3133EPCF0 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 03/02/2026 2,000,000.00 03/27/2023

4.01%
2,026,680.00
2,016,706.17

98.91 5.13%
1,978,161.44
14,750.00

2.00%
(38,544.73)
Aaa/AA+
AA+

1.84 1.73
3133EPQC2 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.625 07/17/2026 2,000,000.00 07/28/2023

4.66%
1,998,260.00
1,998,702.24

99.00 5.11%
1,979,921.74
26,722.22

2.00%
(18,780.50)
Aaa/AA+
AA+

2.21 2.05
3130ANDF4 FEDERAL HOME LOAN BANKS 0.9
07/29/2026 5,000,000.00 07/29/2021

0.90%
5,010,000.00
5,000,000.00

90.86 5.27%
4,542,993.90
11,500.00

4.60%
(457,006.10)
Aaa/AA+
AA+

2.25 2.17
3133EPDJ1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.375 09/15/2027 2,000,000.00 03/27/2023

3.81%
2,045,720.00
2,034,514.12

98.37 4.90%
1,967,327.98
11,180.56

1.99%
(67,186.14)
Aaa/AA+
AA+

3.38 3.08
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 2,000,000.00 03/27/2023

3.82%
2,060,420.00
2,047,060.13

99.20 4.73%
1,983,920.82
12,750.00

2.01%
(63,139.31)
Aaa/AA+
AA+

3.86 3.48
3130AEB25 FEDERAL HOME LOAN BANKS 3.25
06/09/2028 2,000,000.00 07/24/2023

4.15%
1,921,180.00
1,933,615.95

94.34 4.78%
1,886,898.06
25,638.89

1.91%
(46,717.89)
Aaa/AA+
AA+

4.11 3.73
3130AXQK7 FEDERAL HOME LOAN BANKS 4.75
12/08/2028 2,000,000.00 01/29/2024

4.05%
2,060,660.00
2,057,514.16

99.92 4.77%
1,998,481.38
46,972.22

2.02%
(59,032.78)
Aaa/AA+
AA+

4.61 4.00
3133ERDH1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 04/30/2029 2,100,000.00 04/29/2024

4.70%
2,104,263.00
2,104,260.67

99.90 4.77%
2,097,832.00
277.08

2.12%
(6,428.66)
Aaa/AA+
AA+

5.00 4.40
Total Agency 55,000,000.00 1.52%
55,125,810.50
55,092,229.93

96.59 5.17%
53,080,118.66
177,785.99

53.75%
(2,012,111.27)
Aaa/AA+
AA+

1.63 1.52
CASH
CCYUSD Receivable 13,178.41 --

0.00%
13,178.41
13,178.41

1.00 0.00%
13,178.41

0.00 0.01%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 13,178.41 0.00%
13,178.41
13,178.41

1.00 0.00%
13,178.41

0.00 0.01%

0.00 Aaa/AAA
AAA

0.00 0.00

CORPORATE
69371RR81 PACCAR FINANCIAL CORP 3.15
06/13/2024 895,000.00 06/06/2022

3.16%
894,794.15
894,987.89

99.77 5.00%
892,973.79
10,807.13

0.90%
(2,014.10)
A1/A+
NA

0.12 0.12
40434CAD7 HSBC USA INC 3.5 06/23/2024 3,000,000.00 12/10/2019

2.19%
3,174,900.00
3,005,594.27

99.64 5.88%
2,989,315.77
36,458.33

3.03%
(16,278.50)
A2/A-
A+

0.15 0.15
191216CL2 COCA-COLA CO 1.75 09/06/2024 3,000,000.00 09/20/2019

1.99%
2,964,750.00
2,997,511.31

98.71 5.50%
2,961,243.18
8,020.83

3.00%
(36,268.13)
A1/A+
WR

0.35 0.34
14913Q3B3 CATERPILLAR FINANCIAL SERVICES
CORP 2.15 11/08/2024 1,250,000.00 05/31/2022

2.86%
1,229,100.00
1,245,514.72

98.26 5.58%
1,228,200.80
12,914.93

1.24%
(17,313.92)
A2/A
A+

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

Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
24422EWF2 JOHN DEERE CAPITAL CORP 3.4
06/06/2025 280,000.00 06/01/2022

3.41%
279,935.60
279,976.44

97.87 5.42%
274,036.06
3,834.44

0.28%
(5,940.38)
A1/A
A+

1.10 1.05
06406RBF3 BANK OF NEW YORK MELLON CORP

3.43 06/13/2025 955,000.00 06/08/2022

3.43%
955,000.00
955,000.00

99.67 6.14%
951,838.84
12,556.66

0.96%
(3,161.16)
A1/A
AA-

1.12 0.12
91324PEN8 UNITEDHEALTH GROUP INC 5.15
10/15/2025 775,000.00 12/28/2022

4.56%
786,780.00
781,144.08

99.75 5.33%
773,080.03
1,773.89

0.78%
(8,064.05)
A2/A+
A

1.46 1.38
89236THP3 TOYOTA MOTOR CREDIT CORP 0.8
10/16/2025 5,000,000.00 11/19/2020

0.70%
5,025,000.00
5,007,435.83

93.69 5.34%
4,684,705.15
1,666.67

4.74%
(322,730.68)
A1/A+
A+

1.46 1.42
63743HFF4

NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 5.45
10/30/2025
495,000.00 10/20/2022

5.50%
494,336.70
494,668.65

99.83 5.57%
494,156.81

74.94 0.50%
(511.85)
A2/A-
A

1.50 1.42
037833EB2 APPLE INC 0.7 02/08/2026 3,000,000.00 02/08/2021

0.70%
2,999,730.00
2,999,904.18

92.45 5.22%
2,773,373.82
4,841.67

2.81%
(226,530.36)
Aaa/AA+
NA

1.78 1.72
713448FQ6 PEPSICO INC 4.55 02/13/2026 195,000.00 02/13/2023

4.57%
194,886.90
194,932.49

98.93 5.18%
192,908.94
1,922.38

0.20%
(2,023.55)
A1/A+
NA

1.79 1.68
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026 470,000.00 02/13/2023

4.77%
469,689.80
469,812.92

99.15 5.24%
466,004.77
4,340.97

0.47%
(3,808.15)
A3/A-
A-

1.81 1.69
46647PBK1 JPMORGAN CHASE & CO 2.083
04/22/2026 1,250,000.00 05/31/2022

3.92%
1,190,825.00
1,228,733.55

96.41 5.91%
1,205,148.25
650.94

1.22%
(23,585.30)
A1/A-
AA-

1.98 0.94
61747YET8 MORGAN STANLEY 4.679
07/17/2026 775,000.00 12/28/2022

5.26%
764,390.25
769,954.46

98.70 5.80%
764,922.73
10,475.76

0.77%
(5,031.73)
A1/A-
A+

2.21 1.15
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,718.66

99.82 5.23%
504,096.25
3,828.88

0.51%
(622.40)
A1/A
A+

2.36 2.18
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,913.60

99.97 5.14%
379,897.96
9,250.63

0.38%
(15.64)
A1/A+
NA

2.53 2.29
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027 1,000,000.00 03/30/2023

4.91%
991,550.00
993,610.60

97.75 5.44%
977,489.98
6,136.11

0.99%
(16,120.62)
A2/A-
AA-

3.38 3.05
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
998,446.50

98.32 5.40%
983,202.10
14,836.11

1.00%
(15,244.40)
A1/A
AA-

3.70 3.29
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,453,865.11

95.16 5.01%
1,427,360.58
10,950.00

1.45%
(26,504.53)
A1/A+
NA

3.80 3.47
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,194,786.12

97.57 5.18%
1,170,849.66
13,953.33

1.19%
(23,936.46)
A1/A+
NA

4.76 4.16
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,627.52

98.75 5.14%
1,234,400.74
10,946.18

1.25%
(16,226.79)
A1/AA-
NA

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

Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
Total Corporate 28,175,000.00 2.87%
28,196,266.25
28,101,138.87

97.07 5.44%
27,329,206.22
180,240.77

27.67%
(771,932.65)
A1/A
A+

1.78 1.54

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 75,048.15 --

4.93%
75,048.15
75,048.15

1.00 4.93%
75,048.15

0.00 0.08%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 75,048.15 4.93%
75,048.15
75,048.15

1.00 4.93%
75,048.15

0.00 0.08%

0.00 Aaa/
AAAm
AAA

0.00 0.00

SUPRANATIONAL
4581X0EK0 INTER-AMERICAN DEVELOPMENT
BANK 4.5 05/15/2026 1,720,000.00 06/27/2023

4.53%
1,718,675.60
1,719,056.17

98.80 5.12%
1,699,377.25
35,690.00

1.72%
(19,678.92)
Aaa/AAA
NA

2.04 1.88
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND DEVELOPM

3.5 07/12/2028
2,000,000.00 07/24/2023

4.19%
1,938,380.00
1,947,896.60

94.92 4.85%
1,898,312.94
21,194.44

1.92%
(49,583.66)
Aaa/AAA
NA

4.20 3.80
Total
Supranational 3,720,000.00 4.35%
3,657,055.60
3,666,952.78

96.75 4.98%
3,597,690.19
56,884.44

3.64%
(69,262.59)
Aaa/AAA
NA

3.18 2.90

US TREASURY
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 3,000,000.00 09/30/2021

1.01%
2,980,546.88
2,990,603.70

90.82 4.95%
2,724,492.18
2,223.36

2.76%
(266,111.52)
Aaa/AA+
AA+

2.42 2.34
9128284N7 UNITED STATES TREASURY 2.875
05/15/2028 2,000,000.00 07/31/2023

4.23%
1,883,281.25
1,901,622.77

93.05 4.79%
1,860,937.50
26,538.46

1.88%
(40,685.27)
Aaa/AA+
AA+

4.04 3.69
912810FE3 UNITED STATES TREASURY 5.5
08/15/2028 2,100,000.00 04/29/2024

4.59%
2,173,746.09
2,173,699.06
103.02

4.71%
2,163,410.15
24,115.38

2.19%
(10,288.91)
Aaa/AA+
AA+

4.29 3.76
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 2,000,000.00 12/28/2023

3.86%
1,935,078.13
1,939,593.17

93.40 4.76%
1,867,968.76
28,846.15

1.89%
(71,624.41)
Aaa/AA+
AA+

4.54 4.10
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,200,000.00 03/27/2024

4.18%
2,206,617.19
2,206,492.06

97.96 4.73%
2,155,140.64
15,752.72

2.18%
(51,351.42)
Aaa/AA+
AA+

4.83 4.28
Total US Treasury 11,300,000.00 3.41%
11,179,269.54
11,212,010.75

95.53 4.80%
10,771,949.23
97,476.08

10.91%
(440,061.52)
Aaa/AA+
AA+

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

Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
Total Portfolio 102,193,226.56 2.34%
102,140,720.02
102,060,252.26

96.65 5.20%
98,760,036.45
520,014.17
100.00%
(3,300,215.81)
Aa2/AA-
AA

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

ACQUISITIONS
Purchase 04/01/2024 31846V203 2,717,850.00 FIRST AMER:GVT OBLG Y 1.000 4.94% (2,717,850.00) 0.00 (2,717,850.00) 0.00 Purchase 04/02/2024 31846V203 810.72 FIRST AMER:GVT OBLG Y 1.000 4.94% (810.72) 0.00 (810.72) 0.00 Purchase 04/15/2024 31846V203 4,598.04 FIRST AMER:GVT OBLG Y 1.000 4.91% (4,598.04) 0.00 (4,598.04) 0.00 Purchase 04/15/2024 31846V203 27,583.80 FIRST AMER:GVT OBLG Y 1.000 4.91% (27,583.80) 0.00 (27,583.80) 0.00 Purchase 04/16/2024 31846V203 20,000.00 FIRST AMER:GVT OBLG Y 1.000 4.91% (20,000.00) 0.00 (20,000.00) 0.00 Purchase 04/22/2024 31846V203 1,270,769.67 FIRST AMER:GVT OBLG Y 1.000 4.91% (1,270,769.67) 0.00 (1,270,769.67) 0.00 Purchase 04/22/2024 31846V203 882.00 FIRST AMER:GVT OBLG Y 1.000 4.91% (882.00) 0.00 (882.00) 0.00 Purchase 04/25/2024 31846V203 624.84 FIRST AMER:GVT OBLG Y 1.000 4.92% (624.84) 0.00 (624.84) 0.00 Purchase 04/29/2024 31846V203 45,750.00 FIRST AMER:GVT OBLG Y 1.000 4.92% (45,750.00) 0.00 (45,750.00) 0.00 Purchase 04/30/2024 912810FE3 2,100,000.00 UNITED STATES TREASURY 5.5 08/15/2028 103.512 4.59% (2,173,746.09) (23,798.08) (2,197,544.17) 0.00 Purchase 04/30/2024 3133ERDH1 2,100,000.00

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
04/30/2029
100.203 4.70% (2,104,263.00) 0.00 (2,104,263.00) 0.00
Total Purchase 8,288,869.07 (8,366,878.16) (23,798.08) (8,390,676.24) 0.00 TOTAL ACQUISITIONS 8,288,869.07 (8,366,878.16) (23,798.08) (8,390,676.24) 0.00

DISPOSITIONS
Sale 04/12/2024 31846V203 (6,217.74) FIRST AMER:GVT OBLG Y 1.000 4.91% 6,217.74 0.00 6,217.74 0.00 Sale 04/30/2024 31846V203 (4,288,318.42) FIRST AMER:GVT OBLG Y 1.000 4.93% 4,288,318.42 0.00 4,288,318.42 0.00 Total Sale (4,294,536.16) 4,294,536.16 0.00 4,294,536.16 0.00 TOTAL DISPOSITIONS (4,294,536.16) 4,294,536.16 0.00 4,294,536.16 0.00 OTHER

TRANSACTIONS
Call Redemption 04/22/2024 06051GJR1 (1,250,000.00) BANK OF AMERICA CORP 0.976 04/22/2025 100.000 0.98% 1,250,000.00 0.00 1,250,000.00 0.00 Total Call Redemption (1,250,000.00) 1,250,000.00 0.00 1,250,000.00 0.00 Coupon 04/15/2024 47800CAC0 0.00 JDOT 2023 A3 5.01 11/15/2027 5.07% 1,649.13 0.00 1,649.13 0.00 Coupon 04/15/2024 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 4,558.00 0.00 4,558.00 0.00
403
CONFIDENTIAL | 10
City of Orange | Account #10888 | As of April 30, 2024
Execution Time: 05/02/2024 11:31:05 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 04/15/2024 91324PEN8 0.00 UNITEDHEALTH GROUP INC

5.15 10/15/2025 4.56% 19,956.25 0.00 19,956.25 0.00
Coupon 04/15/2024 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2028 4.92% 1,420.42 0.00 1,420.42 0.00
Coupon 04/15/2024 02582JKD1 0.00 AMXCA 2023-3 A 5.23
09/15/2028 5.29% 4,598.04 0.00 4,598.04 0.00
Coupon 04/16/2024 89236THP3 0.00 TOYOTA MOTOR CREDIT CORP

0.8 10/16/2025 0.70% 20,000.00 0.00 20,000.00 0.00
Coupon 04/20/2024 92348KAA1 0.00 VZMT 2021-1 A 0.5 05/20/2027 66.89% 91.67 0.00 91.67 0.00 Coupon 04/21/2024 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.10% 882.00 0.00 882.00 0.00
Coupon 04/21/2024 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.75% 1,559.25 0.00 1,559.25 0.00
Coupon 04/22/2024 46647PBK1 0.00 JPMORGAN CHASE & CO 2.083 04/22/2026 3.38% 13,018.75 0.00 13,018.75 0.00
Coupon 04/22/2024 06051GJR1 0.00 BANK OF AMERICA CORP 0.976 04/22/2025 0.98% 6,100.00 0.00 6,100.00 0.00
Coupon 04/25/2024 05593AAC3 0.00 BMWLT 2023-1 A3 5.16
11/25/2025 5.22% 430.00 0.00 430.00 0.00
Coupon 04/25/2024 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.54% 866.08 0.00 866.08 0.00
Coupon 04/28/2024 3134GW3Z7 0.00

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025

0.60% 27,000.00 0.00 27,000.00 0.00
Coupon 04/29/2024 3130AMBG6 0.00 FEDERAL HOME LOAN BANKS

0.75 04/29/2025 0.75% 18,750.00 0.00 18,750.00 0.00
Coupon 04/30/2024 63743HFF4 0.00

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.45 10/30/2025

5.50% 13,488.75 0.00 13,488.75 0.00
Total Coupon 0.00 134,368.34 0.00 134,368.34 0.00
Custody Fee 04/25/2024 CCYUSD (671.24) Cash 0.00% (671.24) 0.00 (671.24) 0.00 Total Custody Fee (671.24) (671.24) 0.00 (671.24) 0.00
Dividend 04/30/2024 31846V203 0.00 FIRST AMER:GVT OBLG Y 4.93% 13,178.41 0.00 13,178.41 0.00 Total Dividend 0.00 13,178.41 0.00 13,178.41 0.00
404
CONFIDENTIAL | 11
City of Orange | Account #10888 | As of April 30, 2024
Execution Time: 05/02/2024 11:31:05 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
75,048.15
280,715.24
4,088,869.07
(4,294,536.16)
75,048.15

0.00 810.72

0.00 0.00

0.00 810.72
810.72
CCYUSD Receivable
13,178.41
13,935.72

0.00 0.00
13,178.41

0.00 0.00

0.00 Total Cash & Equivalents 88,226.56
294,650.96
4,088,869.07
(4,294,536.16)
88,226.56

0.00 810.72

0.00 0.00

0.00 810.72 810.72

FIXED INCOME
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2028
06/07/2023
06/14/2023
350,000.00
349,974.00

0.00 0.00
349,974.52
757.56
1,420.42
757.56
1,420.42

0.52 0.00

0.52 1,420.94
1,420.94
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028
09/12/2023
09/19/2023
1,055,000.00
1,054,957.88

0.00 0.00
1,054,958.66
2,452.29
4,598.04
2,452.29
4,598.04

0.78 0.00

0.78 4,598.82
4,598.82
037833EB2 APPLE INC 0.7 02/08/2026
02/08/2021
02/08/2021
3,000,000.00
2,999,899.75

0.00 0.00
2,999,904.18
3,091.67

0.00 4,841.67
1,750.00

4.44 0.00

4.44 1,754.44
1,754.44
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/11/2023
07/18/2023
190,000.00
189,971.49

0.00 0.00
189,972.09
173.22
866.08
173.22
866.08

0.60 0.00

0.60 866.68
866.68
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025
02/07/2023
02/15/2023
100,000.00
99,998.58

0.00 0.00
99,998.66

86.00 430.00

0.07 0.00

0.976 04/22/2025
05/31/2022
06/02/2022

0.00 1,247,962.51

0.00 (1,250,000.00)

0.00 5,388.33
6,100.00

0.00 711.67
2,037.49

0.00 2,037.49
2,749.15
2,749.15
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027
03/30/2023
03/31/2023
1,000,000.00
993,454.88

0.00 0.00
993,610.60
2,219.44

0.00 6,136.11
3,916.67
155.71

0.00 155.71
4,072.38
4,072.38
06406RBF3 BANK OF NEW YORK MELLON
CORP 3.43 06/13/2025
06/08/2022
06/13/2022
955,000.00
955,000.00

0.00 0.00
955,000.00
9,826.95

0.00 12,556.66
2,729.71

0.00 0.00

0.00 2,729.71
2,729.71
14913Q3B3

CATERPILLAR FINANCIAL
SERVICES CORP 2.15
11/08/2024
05/31/2022
06/02/2022
1,250,000.00
1,244,810.22

0.00 0.00
1,245,514.72
10,675.35

0.00 12,914.93
2,239.58
704.49

0.00 704.49
2,944.08
2,944.08
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,060,000.00
1,059,738.17

0.00 0.00
1,059,743.00
2,430.93
4,558.00
2,430.93
4,558.00

4.82 0.00

4.82 4,562.82
4,562.82
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
02/27/2024
02/29/2024
1,250,000.00
1,250,638.40

0.00 0.00
1,250,627.52
5,894.10

0.00 10,946.18
5,052.08

0.00 (10.88)
(10.88)
5,041.21
5,041.21
191216CL2 COCA-COLA CO 1.75
09/06/2024
09/20/2019
09/20/2019
3,000,000.00
2,996,928.02

0.00 0.00
2,997,511.31
3,645.83

0.00 8,020.83
4,375.00
583.29

0.00 583.29
4,958.29
4,958.29
24422EWF2 JOHN DEERE CAPITAL CORP

3.4 06/06/2025
06/01/2022
06/06/2022
280,000.00
279,974.67

0.00 0.00
279,976.44
3,041.11

0.00 3,834.44
793.33

1.76 0.00

1.76 795.10
795.10
24422EXD6 JOHN DEERE CAPITAL CORP

5.15 09/08/2026
09/05/2023
09/08/2023
505,000.00
504,708.84

0.00 0.00
504,718.66
1,661.59

0.00 3,828.88
2,167.29

9.81 0.00

3.25 06/09/2028
07/24/2023
07/25/2023
2,000,000.00
1,932,288.27

0.00 0.00
1,933,615.95
20,222.22

0.00 25,638.89
5,416.67
1,327.68

0.00 1,327.68
6,744.35
6,744.35
3130AMBG6 FEDERAL HOME LOAN BANKS

0.75 04/29/2025
05/04/2021
05/04/2021
5,000,000.00
5,000,000.00

0.00 0.00
5,000,000.00
15,833.33
18,750.00
208.33
3,125.00

0.00 0.00

0.00 3,125.00
3,125.00
3130ANA42 FEDERAL HOME LOAN BANKS

0.65 04/28/2025
07/28/2021
07/28/2021
4,000,000.00
4,000,000.00

0.00 0.00
4,000,000.00
4,550.00

0.00 6,716.67
2,166.67

0.00 0.00

0.00 2,166.67
2,166.67
3130ANDF4 FEDERAL HOME LOAN BANKS

0.9 07/29/2026
07/29/2021
07/29/2021
5,000,000.00
5,000,000.00

0.00 0.00
5,000,000.00
7,750.00

0.00 11,500.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
3130ATS57 FEDERAL HOME LOAN BANKS

4.5 03/10/2028
03/27/2023
03/28/2023
2,000,000.00
2,048,062.12

0.00 0.00
2,047,060.13
5,250.00

0.00 12,750.00
7,500.00

0.00 (1,001.99)
(1,001.99)
6,498.01
6,498.01
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028
01/29/2024
01/30/2024
2,000,000.00
2,058,539.98

0.00 0.00
2,057,514.16
39,055.56

0.00 46,972.22
7,916.67

0.00 (1,025.82)
(1,025.82)
6,890.85
6,890.85
3133EPCF0

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
03/02/2026
03/27/2023
03/28/2023
2,000,000.00
2,017,454.21

0.00 0.00
2,016,706.17
7,250.00

0.00 14,750.00
7,500.00

0.00 (748.04)
(748.04)
6,751.96
6,751.96
3133EPDJ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
03/27/2023
03/28/2023
2,000,000.00
2,035,354.56

0.00 0.00
2,034,514.12
3,888.89

0.00 11,180.56
7,291.67

0.00 (840.44)
(840.44)
6,451.23
6,451.23
3133EPQC2

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.625
07/17/2026
07/28/2023
07/31/2023
2,000,000.00
1,998,653.99

0.00 0.00
1,998,702.24
19,013.89

0.00 26,722.22
7,708.33

48.24 0.00

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
04/30/2029
04/29/2024
04/30/2024
2,100,000.00

0.00 2,104,263.00

0.00 2,104,260.67

0.00 0.00
277.08
277.08

0.00 (2.33)
(2.33)
274.75
274.75
3134GW3Z7

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025
10/28/2020
10/28/2020
9,000,000.00
9,000,000.00

0.00 0.00
9,000,000.00
22,950.00
27,000.00
450.00
4,500.00

0.00 0.00

0.00 4,500.00
4,500.00
3134GWVE3

FEDERAL HOME LOAN
MORTGAGE CORP 0.4
09/25/2024
11/19/2020
11/19/2020
4,575,000.00
4,574,827.22

0.00 0.00
4,574,856.50
305.00

0.00 1,830.00
1,525.00

29.29 0.00

29.29 1,554.29
1,554.29
3135GA4S7

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.375 05/17/2024
11/20/2020
11/20/2020
5,000,000.00
5,000,000.00

0.00 0.00
5,000,000.00
6,979.17

0.00 8,541.67
1,562.50

0.00 0.00

0.00 1,562.50
1,562.50
3135GA4W8

FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
02/18/2025
11/20/2020
11/20/2020
3,950,000.00
3,950,000.00

0.00 0.00
3,950,000.00
2,359.03

0.00 4,004.86
1,645.83

0.00 0.00

0.00 1,645.83
1,645.83
3135GA5Y3

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.375 06/14/2024
12/14/2020
12/14/2020
4,375,000.00
4,375,000.00

0.00 0.00
4,375,000.00
4,876.30

0.00 6,243.49
1,367.19

0.00 0.00

0.00 1,367.19
1,367.19
40434CAD7 HSBC USA INC 3.5
06/23/2024
12/10/2019
12/10/2019
3,000,000.00
3,008,760.83

0.00 0.00
3,005,594.27
27,708.33

0.00 36,458.33
8,750.00

0.00 (3,166.57)
(3,166.57)
5,583.43
5,583.43
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028
11/01/2023
11/08/2023
330,000.00
329,946.88

0.00 0.00
329,947.92
519.75
1,559.25
519.75
1,559.25

1.03 0.00

1.03 1,560.28
1,560.28
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027
02/16/2023
02/24/2023
210,000.00
209,971.32

0.00 0.00
209,972.09
294.00
882.00
294.00
882.00

0.77 0.00

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
06/27/2023
07/06/2023
1,720,000.00
1,719,018.12

0.00 0.00
1,719,056.17
29,240.00

0.00 35,690.00
6,450.00

38.06 0.00

38.06 6,488.06
6,488.06
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
07/24/2023
07/26/2023
2,000,000.00
1,946,876.97

0.00 0.00
1,947,896.60
15,361.11

0.00 21,194.44
5,833.33
1,019.64

0.00 1,019.64
6,852.97
6,852.97
46647PBK1 JPMORGAN CHASE & CO

2.083 04/22/2026
05/31/2022
06/02/2022
1,250,000.00
1,226,941.43

0.00 0.00
1,228,733.55
11,499.90
13,018.75
650.94
2,169.79
1,792.12

0.00 1,792.12
3,961.91
3,961.91
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
395,000.00
394,944.61

0.00 0.00
394,945.87
879.53
1,649.13
879.53
1,649.13

1.26 0.00

1.26 1,650.39
1,650.39
61747YET8 MORGAN STANLEY 4.679
07/17/2026
12/28/2022
12/30/2022
775,000.00
769,612.00

0.00 0.00
769,954.46
7,453.91

0.00 10,475.76
3,021.85
342.46

0.00 342.46
3,364.31
3,364.31
63743HFF4

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.45 10/30/2025
10/20/2022
10/31/2022
495,000.00
494,650.48

0.00 0.00
494,668.65
11,315.56
13,488.75

74.94 2,248.13

18.17 0.00

18.17 2,266.30
2,266.30
69371RR81 PACCAR FINANCIAL CORP

3.15 06/13/2024
06/06/2022
06/13/2022
895,000.00
894,979.44

0.00 0.00
894,987.89
8,457.75

0.00 10,807.13
2,349.38

8.45 0.00

8.45 2,357.82
2,357.82
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
03/27/2024
03/28/2024
1,200,000.00
1,194,696.01

0.00 0.00
1,194,786.12
9,353.33

0.00 13,953.33
4,600.00

90.10 0.00

90.10 4,690.10
4,690.10
713448FL7 PEPSICO INC 3.6 02/18/2028
03/27/2024
03/28/2024
1,500,000.00
1,452,867.95

0.00 0.00
1,453,865.11
6,450.00

0.00 10,950.00
4,500.00
997.15

0.00 0.00
194,932.49
1,183.00

0.00 1,922.38
739.38

3.10 0.00

3.10 742.48
742.48
713448FW3 PEPSICO INC 5.125
11/10/2026
11/08/2023
11/10/2023
380,000.00
379,910.79

0.00 0.00
379,913.60
7,627.71

0.00 9,250.63
1,622.92

2.81 0.00

2.81 1,625.73
1,625.73
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028
03/30/2023
03/31/2023
1,000,000.00
998,412.01

0.00 0.00
998,446.50
10,752.78

0.00 14,836.11
4,083.33

34.50 0.00

34.50 4,117.83
4,117.83
89236THP3 TOYOTA MOTOR CREDIT
CORP 0.8 10/16/2025
11/19/2020
11/19/2020
5,000,000.00
5,007,854.35

0.00 0.00
5,007,435.83
18,333.33
20,000.00
1,666.67
3,333.33

0.00 (418.53)
(418.53)
2,914.81
2,914.81
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026
02/13/2023
02/21/2023
470,000.00
469,804.43

0.00 0.00
469,812.92
2,480.56

0.00 4,340.97
1,860.42

8.49 0.00

8.49 1,868.91
1,868.91
912810FE3 UNITED STATES TREASURY 5.5
08/15/2028
04/29/2024
04/30/2024
2,100,000.00

0.00 2,173,746.09

0.00 2,173,699.06

0.00 (23,798.08)
24,115.38
317.30

0.00 (47.03)
(47.03)
270.27
270.27
9128284N7 UNITED STATES TREASURY

2.875 05/15/2028
07/31/2023
07/31/2023
2,000,000.00
1,899,621.88

0.00 0.00
1,901,622.77
21,799.45

0.00 26,538.46
4,739.01
2,000.89

0.00 2,000.89
6,739.90
6,739.90
9128285M8 UNITED STATES TREASURY

3.125 11/15/2028
12/28/2023
12/29/2023
2,000,000.00
1,938,500.82

0.00 0.00
1,939,593.17
23,695.05

0.00 28,846.15
5,151.10
1,092.35

0.00 1,092.35
6,243.45
6,243.45
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
09/30/2021
09/30/2021
3,000,000.00
2,990,284.09

0.00 0.00
2,990,603.70

71.72 13,125.00
2,223.36
15,276.64
319.60

4.25 02/28/2029
03/27/2024
03/28/2024
2,200,000.00
2,206,602.47

0.00 0.00
2,206,492.06
8,130.43

0.00 15,752.72
7,622.28

0.00 (110.41)
(110.41)
7,511.87
7,511.87
91324PEN8 UNITEDHEALTH GROUP INC

5.15 10/15/2025
12/28/2022
12/30/2022
775,000.00
781,490.55

0.00 0.00
781,144.08
18,404.10
19,956.25
1,773.89
3,326.04

0.00 (346.47)
(346.47)
2,979.57
2,979.57
92348KAA1 VZMT 2021-1 A 0.5
05/20/2027
10/21/2022
10/25/2022
220,000.00
209,916.13

0.00 0.00
210,180.57

33.61 91.67

33.61 91.67
264.44

0.00 264.44
356.11
356.11
Total Fixed Income 102,105,000.00
98,938,790.73
4,278,009.09
(1,250,000.00)
101,972,025.70
452,672.67
123,695.26
520,014.17
191,036.76
12,944.38
(7,718.50)
5,225.87
196,262.63 196,262.63
TOTAL PORTFOLIO 102,193,226.56
99,233,441.69
8,366,878.16
(5,544,536.16)
102,060,252.26
452,672.67
124,505.98
520,014.17
191,847.48
12,944.38
(7,718.50)
5,225.87
197,073.35 197,073.35
412
CONFIDENTIAL | 19
City of Orange | Account #10888 | As of April 30, 2024
Execution Time: 05/02/2024 11:31:05 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
MAY 2024
05/01/2024 Dividend 31846V203 0.00 13,178.41 13,178.41
05/08/2024 Coupon 14913Q3B3 1,250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 2.15 11/08/2024 13,437.50 13,437.50
05/10/2024 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 05/15/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 05/15/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 05/15/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 05/15/2024 Coupon 4581X0EK0 1,720,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.5 05/15/2026 38,700.00 38,700.00
05/15/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 05/15/2024 Coupon 9128284N7 2,000,000.00 UNITED STATES TREASURY 2.875 05/15/2028 28,750.00 28,750.00 05/15/2024 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 05/17/2024 Coupon 3135GA4S7 5,000,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 05/17/2024 9,375.00 9,375.00
05/17/2024 Final Maturity 3135GA4S7 5,000,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 05/17/2024 5,000,000.00 5,000,000.00
05/20/2024 Coupon 92348KAA1 220,000.00 VZMT 2021-1 A 0.5 05/20/2027 91.67 91.67 05/20/2024 Effective Maturity 92348KAA1 220,000.00 VZMT 2021-1 A 0.5 05/20/2027 220,000.00 220,000.00 05/21/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 05/21/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 05/27/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 05/27/2024 Coupon 05593AAC3 100,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 430.00 430.00 05/27/2024 Principal Paydown 05593AAC3 100,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 9,457.31 9,457.31 May 2024 Total 5,242,635.72 147,304.58 5,389,940.31
JUNE 2024
06/06/2024 Coupon 24422EWF2 280,000.00 JOHN DEERE CAPITAL CORP 3.4 06/06/2025 4,760.00 4,760.00 06/10/2024 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 06/10/2024 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 56,736.11 56,736.11 06/13/2024 Coupon 06406RBF3 955,000.00 BANK OF NEW YORK MELLON CORP 3.43 06/13/2025 16,378.25 16,378.25
06/13/2024 Coupon 69371RR81 895,000.00 PACCAR FINANCIAL CORP 3.15 06/13/2024 14,096.25 14,096.25 06/13/2024 Final Maturity 69371RR81 895,000.00 PACCAR FINANCIAL CORP 3.15 06/13/2024 895,000.00 895,000.00 413
CONFIDENTIAL | 20
City of Orange | Account #10888 | As of April 30, 2024
Execution Time: 05/02/2024 11:31:05 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
06/14/2024 Coupon 3135GA5Y3 4,375,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 06/14/2024 8,203.13 8,203.13
06/14/2024 Final Maturity 3135GA5Y3 4,375,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 06/14/2024 4,375,000.00 4,375,000.00
06/17/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 06/17/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 06/17/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 06/17/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 06/21/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 06/21/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 06/24/2024 Coupon 40434CAD7 3,000,000.00 HSBC USA INC 3.5 06/23/2024 51,625.00 51,625.00 06/24/2024 Final Maturity 40434CAD7 3,000,000.00 HSBC USA INC 3.5 06/23/2024 3,000,000.00 3,000,000.00 06/25/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 06/25/2024 Coupon 05593AAC3 100,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 389.33 389.33 06/25/2024 Principal Paydown 05593AAC3 100,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 14,768.50 14,768.50 June 2024 Total 8,284,768.50 200,220.99 8,484,989.48
JULY 2024
07/12/2024 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
07/12/2024 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 07/15/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 07/15/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 07/15/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 07/15/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 07/17/2024 Coupon 3133EPQC2 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
07/29/2024 Coupon 3130ANA42 4,000,000.00 FEDERAL HOME LOAN BANKS 0.65 04/28/2025 13,000.00 13,000.00 07/29/2024 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 07/31/2024 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 July 2024 Total 13,877.16 202,839.87 216,717.03
AUGUST 2024
08/08/2024 Coupon 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 10,500.00 10,500.00 08/13/2024 Coupon 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 4,436.25 4,436.25 08/15/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 08/15/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 08/15/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 08/15/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 08/15/2024 Coupon 912810FE3 2,100,000.00 UNITED STATES TREASURY 5.5 08/15/2028 57,750.00 57,750.00 08/19/2024 Coupon 3135GA4W8 3,950,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 02/18/2025 9,875.00 9,875.00
08/19/2024 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 08/21/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 08/21/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 08/21/2024 Coupon 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 11,162.50 11,162.50 08/26/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 08/26/2024 Coupon 05593AAC3 100,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 266.16 266.16 08/26/2024 Principal Paydown 05593AAC3 100,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 12,147.82 12,147.82 08/26/2024 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 August 2024 Total 12,147.82 166,835.32 178,983.15
SEPTEMBER 2024
09/03/2024 Coupon 3133EPCF0 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
09/13/2024 Coupon 06406RBF3 955,000.00 BANK OF NEW YORK MELLON CORP 3.43 06/13/2025 14,050.44 14,050.44
09/16/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 09/16/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 09/16/2024 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 09/16/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 09/16/2024 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
09/16/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 09/23/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 09/23/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 09/25/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 09/25/2024 Coupon 05593AAC3 100,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 213.92 213.92 09/25/2024 Principal Paydown 05593AAC3 100,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 11,130.59 11,130.59 09/25/2024 Coupon 3134GWVE3 4,575,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.4 09/25/2024 9,150.00 9,150.00
09/25/2024 Final Maturity 3134GWVE3 4,575,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.4 09/25/2024 4,575,000.00 4,575,000.00
09/30/2024 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 September 2024 Total 7,586,130.59 295,326.03 7,881,456.62 OCTOBER 2024
10/15/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 10/15/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 10/15/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 10/15/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 10/15/2024 Coupon 91324PEN8 775,000.00 UNITEDHEALTH GROUP INC 5.15 10/15/2025 19,956.25 19,956.25 10/16/2024 Coupon 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 20,000.00 20,000.00 10/21/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 10/21/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 10/22/2024 Coupon 46647PBK1 1,250,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 13,018.75 13,018.75 10/25/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 10/25/2024 Coupon 05593AAC3 100,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 166.06 166.06 416
CONFIDENTIAL | 23
City of Orange | Account #10888 | As of April 30, 2024
Execution Time: 05/02/2024 11:31:05 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
10/25/2024 Principal Paydown 05593AAC3 100,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 10,482.61 10,482.61 10/28/2024 Coupon 3134GW3Z7 9,000,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 27,000.00 27,000.00
10/29/2024 Coupon 3130AMBG6 5,000,000.00 FEDERAL HOME LOAN BANKS 0.75 04/29/2025 18,750.00 18,750.00 10/30/2024 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
10/30/2024 Coupon 63743HFF4 495,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.45 10/30/2025 13,488.75 13,488.75
October 2024 Total 10,482.61 177,787.73 188,270.33
NOVEMBER 2024
11/08/2024 Coupon 14913Q3B3 1,250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 2.15 11/08/2024 13,437.50 13,437.50
11/08/2024 Final Maturity 14913Q3B3 1,250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 2.15 11/08/2024 1,250,000.00 1,250,000.00
11/12/2024 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 11/15/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 11/15/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 11/15/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 11/15/2024 Coupon 4581X0EK0 1,720,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.5 05/15/2026 38,700.00 38,700.00
11/15/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 11/15/2024 Coupon 9128284N7 2,000,000.00 UNITED STATES TREASURY 2.875 05/15/2028 28,750.00 28,750.00 11/15/2024 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 11/21/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 11/21/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 11/25/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 11/25/2024 Coupon 05593AAC3 100,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 120.98 120.98 11/25/2024 Principal Paydown 05593AAC3 100,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 11,090.43 11,090.43 November 2024 Total 1,261,090.43 137,528.90 1,398,619.33 DECEMBER 2024
12/06/2024 Coupon 24422EWF2 280,000.00 JOHN DEERE CAPITAL CORP 3.4 06/06/2025 4,760.00 4,760.00 12/09/2024 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 12/09/2024 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 417
CONFIDENTIAL | 24
City of Orange | Account #10888 | As of April 30, 2024
Execution Time: 05/02/2024 11:31:05 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
12/13/2024 Coupon 06406RBF3 955,000.00 BANK OF NEW YORK MELLON CORP 3.43 06/13/2025 14,050.44 14,050.44
12/16/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 12/16/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 12/16/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 12/16/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 12/23/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 12/23/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 12/23/2024 Principal Paydown 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 9,704.45 9,704.45 12/25/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 12/25/2024 Coupon 05593AAC3 100,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 73.30 73.30 12/25/2024 Principal Paydown 05593AAC3 100,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 11,423.28 11,423.28 December 2024 Total 21,127.73 114,416.65 135,544.38
JANUARY 2025
01/13/2025 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
01/13/2025 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 01/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 01/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 01/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 01/15/2025 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 01/15/2025 Principal Paydown 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 18,614.95 18,614.95 01/17/2025 Coupon 3133EPQC2 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
01/29/2025 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 01/31/2025 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 January 2025 Total 37,794.82 202,497.46 240,292.28
FEBRUARY 2025
02/10/2025 Coupon 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 10,500.00 10,500.00 02/13/2025 Coupon 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 4,436.25 4,436.25 02/17/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 02/17/2025 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,571.41 1,571.41 02/17/2025 Principal Paydown 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 19,739.32 19,739.32 02/18/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 02/18/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 02/18/2025 Coupon 3135GA4W8 3,950,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 02/18/2025 9,875.00 9,875.00
02/18/2025 Final Maturity 3135GA4W8 3,950,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 02/18/2025 3,950,000.00 3,950,000.00
02/18/2025 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 02/18/2025 Coupon 912810FE3 2,100,000.00 UNITED STATES TREASURY 5.5 08/15/2028 57,750.00 57,750.00 02/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 02/21/2025 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 784.30 784.30 02/21/2025 Principal Paydown 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 13,357.20 13,357.20 02/21/2025 Coupon 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 11,162.50 11,162.50 02/25/2025 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 02/26/2025 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 02/28/2025 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 February 2025 Total 3,983,096.52 213,143.75 4,196,240.27 MARCH 2025
03/03/2025 Coupon 3133EPCF0 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
03/14/2025 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 03/17/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 03/17/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 03/17/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 03/17/2025 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
03/17/2025 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,489.00 1,489.00 03/17/2025 Principal Paydown 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 17,824.94 17,824.94 03/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 03/21/2025 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 728.20 728.20 03/21/2025 Principal Paydown 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 12,958.47 12,958.47 03/25/2025 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 03/25/2025 Principal Paydown 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 3,367.94 3,367.94 March 2025 Total 34,151.34 199,523.17 233,674.52
Grand Total 220,825,000.00 26,487,303.25 2,057,424.45 28,544,727.70 420
CONFIDENTIAL | 27
City of Orange | Account #10888 | As of April 30, 2024
Execution Time: 05/02/2024 11:31:05 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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.

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

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P , Moody’s and Fitch respectively. 421
CONFIDENTIAL | 28
City of Orange | Account #10888 | As of April 30, 2024
Execution Time: 05/02/2024 11:31:05 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency
Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. 422

MONTHLY ACCOUNT STATEMENT
City of Orange | Account #10888 | As of May 31, 2024
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

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

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 (01/01/22)
City of Orange 0.78% 0.89% 1.04% 4.21% 1.80% -- -- -- (0.16%) Benchmark Return* 0.88% 0.48% 0.12% 2.70% 1.20% -- -- -- (0.43%) Average Modified Duration 1.95
Average Coupon 2.54%
Average Purchase YTM 2.56%
Average Market YTM 5.01%
Average Quality AA
Average Final Maturity 2.23
Average Life 2.17
Beg. Values as of
05/01/2024
End Values as of
05/31/2024
Market Value 98,760,036.45 99,437,899.06
Accrued Interest 520,014.17 608,050.01
Total Market Value 99,280,050.63 100,045,949.07
Income Earned 197,073.35 221,054.72
Cont/WD 0.00 0.00
Par 102,193,226.56 102,348,744.57
Book Value 102,060,252.26 102,182,183.33
Cost Value 102,140,720.02 102,266,546.17
Federal Home Loan Banks 19.26%
United States 15.34%
FHLMC 13.04%
FNMA 8.23%
Farm Credit System 8.12%
Toyota Motor Corporation 4.74%
HSBC Holdings plc 3.01%
The Coca-Cola Company 2.99%
*Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Secondary Benchmark:
*See Footnote
The credit quality is a weighted average calculation of the highest of S&P , Moody’s’ and Fitch 424
CONFIDENTIAL | 3
City of Orange | Account #10888 | As of May 31, 2024
Execution Time: 06/04/2024 07:39:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2023)
Beginning Book Value 102,060,252.26 100,852,347.86
Maturities/Calls (5,000,000.00) (16,190,000.00)
Principal Paydowns (220,791.81) (220,791.81)
Purchases 10,736,251.69 44,695,098.88
Sales (5,400,766.74) (28,620,578.80)
Change in Cash, Payables, Receivables (4,198.25) 1,724,538.77 Amortization/Accretion 11,436.19 74,364.25
Realized Gain (Loss) (0.00) (132,795.82)
Ending Book Value 102,182,183.33 102,182,183.33
Month to Date Fiscal Year to Date
(07/01/2023)
Beginning Market Value 98,760,036.45 95,651,766.03
Maturities/Calls (5,000,000.00) (16,190,000.00)
Principal Paydowns (220,791.81) (220,791.81)
Purchases 10,736,251.69 44,695,098.88
Sales (5,400,766.74) (28,620,578.80)
Change in Cash, Payables, Receivables (4,198.25) 1,724,538.77 Amortization/Accretion 11,436.19 74,364.25
Change in Net Unrealized Gain (Loss) 555,931.53 2,456,297.56 Realized Gain (Loss) (0.00) (132,795.82)
Ending Market Value 99,437,899.06 99,437,899.06
Maturities / Calls
Month to Date (5,000,000.00)
Fiscal Year to Date (16,190,000.00)
Principal Paydowns
Month to Date (220,791.81)
Fiscal Year to Date (220,791.81)
Purchases
Month to Date 10,736,251.69
Fiscal Year to Date 44,695,098.88
Sales
Month to Date (5,400,766.74)
Fiscal Year to Date (28,620,578.80)
Interest Received
Month to Date 160,483.00
Fiscal Year to Date 1,569,956.88
Purchased / Sold Interest
Month to Date (38,900.31)
Fiscal Year to Date (113,039.72)
425
CONFIDENTIAL | 4
City of Orange | Account #10888 | As of May 31, 2024
Execution Time: 06/04/2024 07:39:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
ABS
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025 99,208.19 02/07/2023

5.43%
99,205.82
99,206.92

99.79 5.71%
98,999.53

85.32 0.10%
(207.39)
Aaa/AAA
NA

1.49 0.40
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027 210,000.00 02/16/2023

5.09%
209,960.98
209,972.89

99.53 5.51%
209,015.27
294.00

0.21%
(957.62)
Aaa/NA
AAA

2.89 1.10
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 395,000.00 02/22/2023

3.39%
394,928.03
394,947.16

99.42 5.53%
392,698.49
879.53

0.39%
(2,248.67)
Aaa/NA
AAA

3.46 1.22
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 190,000.00 07/11/2023

5.47%
189,966.33
189,972.71
100.07

5.47%
190,130.72
173.22

0.19%
158.01
NA/AAA
AAA

3.74 1.40
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2028 350,000.00 06/07/2023

4.87%
349,968.96
349,975.06

99.43 5.23%
348,004.65
757.56

0.35%
(1,970.41)
NA/AAA
AAA

3.96 1.82
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 330,000.00 11/01/2023

5.74%
329,941.89
329,948.99
100.77

5.29%
332,534.57
519.75

0.33%
2,585.58
Aaa/NA
AAA

4.06 1.75
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,959.46
100.08

5.24%
1,055,883.14
2,452.29

1.06%
923.68
NA/AAA
AAA

4.29 2.10
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.17%
1,059,706.17
1,059,747.99

99.84 5.29%
1,058,264.04
2,430.93

1.06%
(1,483.95)
NR/AAA
AAA

4.29 2.11
Total ABS 3,689,208.19 5.06%
3,688,631.02
3,688,731.18

99.90 5.33%
3,685,530.41
7,592.60

3.71%
(3,200.77)
Aaa/AAA
AAA

3.97 1.81
AGENCY
3135GA5Y3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 06/14/2024 4,375,000.00 12/14/2020

0.38%
4,375,000.00
4,375,000.00

99.85 4.54%
4,368,425.60
7,610.68

4.39%
(6,574.40)
Aaa/AA+
AA+

0.04 0.04
3134GWVE3

FEDERAL HOME LOAN
MORTGAGE CORP 0.4
09/25/2024
4,575,000.00 11/19/2020

0.41%
4,573,627.50
4,574,886.76

98.39 5.56%
4,501,473.67
3,355.00

4.53%
(73,413.10)
Aaa/AA+
AA+

0.32 0.31
3135GA4W8 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 02/18/2025 3,950,000.00 11/20/2020

0.50%
3,950,000.00
3,950,000.00

96.66 5.33%
3,818,167.57
5,650.69

3.84%
(131,832.44)
Aaa/AA+
AA+

0.72 0.69
3130ANA42 FEDERAL HOME LOAN BANKS

0.65 04/28/2025 4,000,000.00 07/28/2021

0.65%
4,000,000.00
4,000,000.00

96.00 5.21%
3,840,053.20
8,883.33

3.86%
(159,946.80)
Aaa/AA+
AA+

0.91 0.88
3130AMBG6 FEDERAL HOME LOAN BANKS

0.75 04/29/2025 5,000,000.00 05/04/2021

0.75%
5,000,000.00
5,000,000.00

96.08 5.21%
4,803,846.05
3,333.33

4.83%
(196,153.95)
Aaa/AA+
AA+

0.91 0.89
3134GW3Z7

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025
9,000,000.00 10/28/2020

0.60%
9,000,000.00
9,000,000.00

94.05 5.03%
8,464,855.68
4,950.00

8.51%
(535,144.32)
Aaa/AA+
AA+

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

Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
3133EPCF0 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 03/02/2026 2,000,000.00 03/27/2023

4.01%
2,026,680.00
2,015,933.20

99.31 4.91%
1,986,255.72
22,250.00

2.00%
(29,677.48)
Aaa/AA+
AA+

1.75 1.65
3133EPQC2

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.625
07/17/2026
2,000,000.00 07/28/2023

4.66%
1,998,260.00
1,998,752.09

99.43 4.91%
1,988,649.04
34,430.56

2.00%
(10,103.05)
Aaa/AA+
AA+

2.13 1.97
3130ANDF4 FEDERAL HOME LOAN BANKS 0.9
07/29/2026 5,000,000.00 07/29/2021

0.90%
5,010,000.00
5,000,000.00

91.88 4.91%
4,593,997.90
15,250.00

4.62%
(406,002.10)
Aaa/AA+
AA+

2.16 2.09
3133EPDJ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
2,000,000.00 03/27/2023

3.81%
2,045,720.00
2,033,645.66

99.06 4.68%
1,981,235.84
18,472.22

1.99%
(52,409.82)
Aaa/AA+
AA+

3.29 3.00
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 2,000,000.00 03/27/2023

3.82%
2,060,420.00
2,046,024.74

99.97 4.51%
1,999,395.16
20,250.00

2.01%
(46,629.58)
Aaa/AA+
AA+

3.78 3.40
3130AEB25 FEDERAL HOME LOAN BANKS

3.25 06/09/2028 2,000,000.00 07/24/2023

4.15%
1,921,180.00
1,934,987.88

95.27 4.55%
1,905,366.18
31,055.56

1.92%
(29,621.70)
Aaa/AA+
AA+

4.02 3.65
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028 2,000,000.00 01/29/2024

4.05%
2,060,660.00
2,056,454.15
100.52

4.62%
2,010,413.82
54,888.89

2.02%
(46,040.33)
Aaa/AA+
AA+

4.52 3.92
3133ERDH1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 04/30/2029 2,100,000.00 04/29/2024

4.70%
2,104,263.00
2,104,188.29
100.80

4.57%
2,116,782.55
8,589.58

2.13%
12,594.26
Aaa/AA+
AA+

4.91 4.33
Total Agency 50,000,000.00 1.64%
50,125,810.50
50,089,872.78

96.83 4.98%
48,378,917.97
238,969.84

48.65%
(1,710,954.81)
Aaa/AA+
AA+

1.72 1.59
CASH
CCYUSD Receivable 8,980.16 --

0.00%
8,980.16
8,980.16

1.00 0.00%
8,980.16

0.00 0.01%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 8,980.16 0.00%
8,980.16
8,980.16

1.00 0.00%
8,980.16

0.00 0.01%

0.00 Aaa/AAA
AAA

0.00 0.00

CORPORATE
69371RR81 PACCAR FINANCIAL CORP 3.15
06/13/2024 895,000.00 06/06/2022

3.16%
894,794.15
894,996.62

99.94 4.98%
894,433.29
13,156.50

0.90%
(563.33)
A1/A+
NA

0.04 0.03
40434CAD7 HSBC USA INC 3.5 06/23/2024 3,000,000.00 12/10/2019

2.19%
3,174,900.00
3,002,322.15

99.87 5.45%
2,996,238.66
45,208.33

3.01%
(6,083.49)
A2/A-
A+

0.06 0.06
191216CL2 COCA-COLA CO 1.75 09/06/2024 3,000,000.00 09/20/2019

1.99%
2,964,750.00
2,998,114.04

99.08 5.27%
2,972,325.45
12,395.83

2.99%
(25,788.59)
A1/A+
WR

0.27 0.26
14913Q3B3 CATERPILLAR FINANCIAL
SERVICES CORP 2.15 11/08/2024 1,250,000.00 05/31/2022

2.86%
1,229,100.00
1,246,242.70

98.55 5.55%
1,231,872.19
1,717.01

1.24%
(14,370.51)
A2/A
A+

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

Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
24422EWF2 JOHN DEERE CAPITAL CORP 3.4
06/06/2025 280,000.00 06/01/2022

3.41%
279,935.60
279,978.26

98.37 5.07%
275,444.75
4,627.78

0.28%
(4,533.51)
A1/A
A+

1.02 0.96
06406RBF3 BANK OF NEW YORK MELLON
CORP 3.43 06/13/2025 955,000.00 06/08/2022

3.43%
955,000.00
955,000.00

99.93 5.92%
954,363.01
15,286.37

0.96%
(636.99)
A1/A
AA-

1.04 0.03
91324PEN8 UNITEDHEALTH GROUP INC 5.15
10/15/2025 775,000.00 12/28/2022

4.56%
786,780.00
780,786.06

99.88 5.24%
774,086.87
5,099.93

0.78%
(6,699.19)
A2/A+
A

1.38 1.30
89236THP3 TOYOTA MOTOR CREDIT CORP

0.8 10/16/2025 5,000,000.00 11/19/2020

0.70%
5,025,000.00
5,007,003.35

94.18 5.25%
4,708,772.20
5,000.00

4.74%
(298,231.15)
A1/A+
A+

1.38 1.33
63743HFF4

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.45 10/30/2025
495,000.00 10/20/2022

5.50%
494,336.70
494,687.43

99.93 5.49%
494,677.57
2,323.06

0.50%
(9.87)
A2/A-
A

1.42 1.34
037833EB2 APPLE INC 0.7 02/08/2026 3,000,000.00 02/08/2021

0.70%
2,999,730.00
2,999,908.77

93.06 5.04%
2,791,847.97
6,591.67

2.81%
(208,060.80)
Aaa/AA+
NA

1.69 1.63
713448FQ6 PEPSICO INC 4.55 02/13/2026 195,000.00 02/13/2023

4.57%
194,886.90
194,935.70

99.23 5.03%
193,491.56
2,661.75

0.19%
(1,444.14)
A1/A+
NA

1.71 1.59
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026 470,000.00 02/13/2023

4.77%
469,689.80
469,821.69

99.33 5.16%
466,830.74
6,201.39

0.47%
(2,990.95)
A3/A-
A-

1.73 1.61
46647PBK1 JPMORGAN CHASE & CO 2.083
04/22/2026 1,250,000.00 05/31/2022

3.92%
1,190,825.00
1,230,585.40

96.86 6.52%
1,210,734.40
2,820.73

1.22%
(19,851.00)
A1/A-
AA-

1.89 0.86
61747YET8 MORGAN STANLEY 4.679
07/17/2026 775,000.00 12/28/2022

5.26%
764,390.25
770,308.33

98.88 6.32%
766,357.28
13,497.62

0.77%
(3,951.05)
A1/A-
A+

2.13 1.06
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,728.80
100.15

5.08%
505,735.29
5,996.17

0.51%
1,006.49
A1/A
A+

2.27 2.09
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,916.50
100.42

4.94%
381,591.18
1,136.04

0.38%
1,674.68
A1/A+
NA

2.45 2.19
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027 1,000,000.00 03/30/2023

4.91%
991,550.00
993,771.50

98.49 5.20%
984,862.82
10,052.78

0.99%
(8,908.68)
A2/A-
AA-

3.29 2.97
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
998,482.15

99.07 5.18%
990,738.56
18,919.44

1.00%
(7,743.59)
A1/A
AA-

3.62 3.21
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,454,895.50

95.94 4.80%
1,439,120.64
15,450.00

1.45%
(15,774.86)
A1/A+
NA

3.72 3.39
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
967,238.19

96.80 5.03%
968,043.63
16,055.56

0.97%
805.44
A2/A+
A

4.63 4.07
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,194,879.22

98.64 4.93%
1,183,640.09
18,553.33

1.19%
(11,239.13)
A1/A+
NA

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
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,616.29

99.69 4.92%
1,246,149.51
15,998.26

1.25%
(4,466.77)
A1/AA-
NA

4.74 4.13
Total Corporate 29,175,000.00 2.94%
29,163,446.25
29,069,218.62

97.52 5.29%
28,431,357.63
238,749.56

28.59%
(637,860.99)
A1/A
A+

1.80 1.55

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 55,556.22 --

4.93%
55,556.22
55,556.22

1.00 4.93%
55,556.22

0.00 0.06%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 55,556.22 4.93%
55,556.22
55,556.22

1.00 4.93%
55,556.22

0.00 0.06%

0.00 Aaa/
AAAm
AAA

0.00 0.00

SUPRANATIONAL
4581X0EK0

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
1,720,000.00 06/27/2023

4.53%
1,718,675.60
1,719,095.50

99.12 4.98%
1,704,898.68
3,440.00

1.71%
(14,196.83)
Aaa/AAA
NA

1.96 1.84
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
2,000,000.00 07/24/2023

4.19%
1,938,380.00
1,948,950.23

95.71 4.66%
1,914,247.82
27,027.78

1.93%
(34,702.41)
Aaa/AAA
NA

4.11 3.72
Total
Supranational 3,720,000.00 4.35%
3,657,055.60
3,668,045.73

97.32 4.81%
3,619,146.50
30,467.78

3.64%
(48,899.23)
Aaa/AAA
NA

3.10 2.84

US TREASURY
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 3,000,000.00 09/30/2021

1.01%
2,980,546.88
2,990,933.95

91.51 4.76%
2,745,234.36
4,446.72

2.76%
(245,699.59)
Aaa/AA+
AA+

2.33 2.26
9128284N7 UNITED STATES TREASURY 2.875
05/15/2028 2,000,000.00 07/31/2023

4.23%
1,883,281.25
1,903,690.36

93.93 4.57%
1,878,593.76
2,656.25

1.89%
(25,096.60)
Aaa/AA+
AA+

3.96 3.67
912810FE3 UNITED STATES TREASURY 5.5
08/15/2028 2,100,000.00 04/29/2024

4.59%
2,173,746.09
2,172,241.07
103.87

4.48%
2,181,292.97
33,951.92

2.19%
9,051.91
Aaa/AA+
AA+

4.21 3.68
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 2,200,000.00 05/28/2024

4.57%
2,226,640.63
2,226,591.17
101.29

4.55%
2,228,359.36
9,326.09

2.24%
1,768.19
Aaa/AA+
AA+

4.42 3.92
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 2,000,000.00 12/28/2023

3.86%
1,935,078.13
1,940,721.93

94.34 4.54%
1,886,718.76
2,887.23

1.90%
(54,003.17)
Aaa/AA+
AA+

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

Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,200,000.00 03/27/2024

4.18%
2,206,617.19
2,206,377.97

98.89 4.51%
2,175,507.82
23,629.08

2.19%
(30,870.15)
Aaa/AA+
AA+

4.75 4.21
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,161,222.20

98.30 4.52%
2,162,703.14
15,372.95

2.17%
1,480.94
Aaa/AA+
AA+

4.83 4.30
Total US Treasury 15,700,000.00 3.74%
15,567,066.42
15,601,778.65

97.37 4.57%
15,258,410.17
92,270.24

15.34%
(343,368.47)
Aaa/AA+
AA+

4.07 3.67
Total Portfolio 102,348,744.57 2.56%
102,266,546.17
102,182,183.33

97.18 5.01%
99,437,899.06
608,050.01
100.00%
(2,744,284.27)
Aa2/AA-
AA

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

ACQUISITIONS
Purchase 05/02/2024 31846V203 13,178.41 FIRST AMER:GVT OBLG Y 1.000 4.91% (13,178.41) 0.00 (13,178.41) 0.00 Purchase 05/08/2024 31846V203 13,437.50 FIRST AMER:GVT OBLG Y 1.000 4.91% (13,437.50) 0.00 (13,437.50) 0.00 Purchase 05/10/2024 31846V203 9,737.50 FIRST AMER:GVT OBLG Y 1.000 4.91% (9,737.50) 0.00 (9,737.50) 0.00 Purchase 05/15/2024 31846V203 72,225.59 FIRST AMER:GVT OBLG Y 1.000 4.92% (72,225.59) 0.00 (72,225.59) 0.00 Purchase 05/15/2024 31846V203 38,700.00 FIRST AMER:GVT OBLG Y 1.000 4.92% (38,700.00) 0.00 (38,700.00) 0.00 Purchase 05/17/2024 31846V203 5,009,375.00 FIRST AMER:GVT OBLG Y 1.000 4.92% (5,009,375.00) 0.00 (5,009,375.00) 0.00 Purchase 05/20/2024 31846V203 91.67 FIRST AMER:GVT OBLG Y 1.000 4.91% (91.67) 0.00 (91.67) 0.00 Purchase 05/20/2024 31846V203 220,000.00 FIRST AMER:GVT OBLG Y 1.000 4.91% (220,000.00) 0.00 (220,000.00) 0.00 Purchase 05/21/2024 31846V203 2,441.25 FIRST AMER:GVT OBLG Y 1.000 4.91% (2,441.25) 0.00 (2,441.25) 0.00 Purchase 05/28/2024 31846V203 1,221.81 FIRST AMER:GVT OBLG Y 1.000 4.93% (1,221.81) 0.00 (1,221.81) 0.00 Purchase 05/28/2024 31846V203 866.08 FIRST AMER:GVT OBLG Y 1.000 4.93% (866.08) 0.00 (866.08) 0.00 Purchase 05/29/2024 91282CKG5 2,200,000.00 UNITED STATES TREASURY

4.125 03/31/2029 98.234 4.53% (2,161,156.25) (14,629.10) (2,175,785.35) 0.00 Purchase 05/29/2024 91282CJF9 2,200,000.00 UNITED STATES TREASURY

4.875 10/31/2028 101.211 4.57% (2,226,640.63) (8,451.77) (2,235,092.40) 0.00 Purchase 05/29/2024 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 96.718 5.05% (967,180.00) (15,819.44) (982,999.44) 0.00 Total Purchase 10,781,274.81 (10,736,251.69) (38,900.31) (10,775,152.00) 0.00 TOTAL
ACQUISITIONS 10,781,274.81 (10,736,251.69) (38,900.31) (10,775,152.00) 0.00

DISPOSITIONS
Maturity 05/17/2024 3135GA4S7 (5,000,000.00)

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.375 05/17/2024
100.000 0.38% 5,000,000.00 0.00 5,000,000.00 0.00
Total Maturity (5,000,000.00) 5,000,000.00 0.00 5,000,000.00 0.00 Sale 05/07/2024 31846V203 (6,220.30) FIRST AMER:GVT OBLG Y 1.000 4.91% 6,220.30 0.00 6,220.30 0.00 Sale 05/24/2024 31846V203 (669.25) FIRST AMER:GVT OBLG Y 1.000 4.92% 669.25 0.00 669.25 0.00 Sale 05/29/2024 31846V203 (5,393,877.19) FIRST AMER:GVT OBLG Y 1.000 4.93% 5,393,877.19 0.00 5,393,877.19 0.00 Total Sale (5,400,766.74) 5,400,766.74 0.00 5,400,766.74 0.00 431
CONFIDENTIAL | 10
City of Orange | Account #10888 | As of May 31, 2024
Execution Time: 06/04/2024 07:39:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
TOTAL
DISPOSITIONS (10,400,766.74) 10,400,766.74 0.00 10,400,766.74 0.00 OTHER
Coupon 05/08/2024 14913Q3B3 0.00

CATERPILLAR FINANCIAL
SERVICES CORP 2.15
11/08/2024

2.86% 13,437.50 0.00 13,437.50 0.00
Coupon 05/10/2024 713448FW3 0.00 PEPSICO INC 5.125
11/10/2026 5.13% 9,737.50 0.00 9,737.50 0.00
Coupon 05/15/2024 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 5.07% 1,649.13 0.00 1,649.13 0.00
Coupon 05/15/2024 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 4,558.00 0.00 4,558.00 0.00
Coupon 05/15/2024 9128284N7 0.00 UNITED STATES TREASURY

2.875 05/15/2028 4.23% 28,750.00 0.00 28,750.00 0.00
Coupon 05/15/2024 9128285M8 0.00 UNITED STATES TREASURY

3.125 11/15/2028 3.86% 31,250.00 0.00 31,250.00 0.00
Coupon 05/15/2024 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2028 4.92% 1,420.42 0.00 1,420.42 0.00
Coupon 05/15/2024 4581X0EK0 0.00

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026

4.53% 38,700.00 0.00 38,700.00 0.00
Coupon 05/15/2024 02582JKD1 0.00 AMXCA 2023-3 A 5.23
09/15/2028 5.29% 4,598.04 0.00 4,598.04 0.00
Coupon 05/17/2024 3135GA4S7 0.00

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.375 05/17/2024

0.38% 9,375.00 0.00 9,375.00 0.00
Coupon 05/20/2024 92348KAA1 0.00 VZMT 2021-1 A 0.5
05/20/2027 0.00% 91.67 0.00 91.67 0.00
Coupon 05/21/2024 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.10% 882.00 0.00 882.00 0.00
Coupon 05/21/2024 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.75% 1,559.25 0.00 1,559.25 0.00
432
CONFIDENTIAL | 11
City of Orange | Account #10888 | As of May 31, 2024
Execution Time: 06/04/2024 07:39:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 05/25/2024 05593AAC3 0.00 BMWLT 2023-1 A3 5.16
11/25/2025 5.22% 430.00 0.00 430.00 0.00
Coupon 05/25/2024 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.54% 866.08 0.00 866.08 0.00
Total Coupon 0.00 147,304.59 0.00 147,304.59 0.00
Custody Fee 05/24/2024 CCYUSD (669.25) Cash 0.00% (669.25) 0.00 (669.25) 0.00 Total Custody
Fee (669.25) (669.25) 0.00 (669.25) 0.00
Dividend 05/31/2024 31846V203 0.00 FIRST AMER:GVT OBLG Y 4.93% 8,980.16 0.00 8,980.16 0.00 Total Dividend 0.00 8,980.16 0.00 8,980.16 0.00
Management
Fee 05/07/2024 CCYUSD (6,220.30) Cash 0.00% (6,220.30) 0.00 (6,220.30) 0.00 Total
Management
Fee (6,220.30) (6,220.30) 0.00 (6,220.30) 0.00
Principal
Paydown 05/20/2024 92348KAA1 220,000.00 VZMT 2021-1 A 0.5 05/20/2027 0.00% 220,000.00 -- 220,000.00 0.00
Principal
Paydown 05/25/2024 05593AAC3 791.81 BMWLT 2023-1 A3 5.16 11/25/2025 5.22% 791.81 -- 791.81 (0.00)
Total Principal
Paydown 220,791.81 220,791.81 -- 220,791.81 (0.00)

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
55,556.22
75,048.15
5,381,274.81
(5,400,766.74)
55,556.22

0.00 13,178.41

0.00 0.00

0.00 13,178.41
13,178.41
CCYUSD Receivable
8,980.16
13,178.41

0.00 0.00
8,980.16

0.00 0.00

0.00 Total Cash & Equivalents 64,536.38
88,226.56
5,381,274.81
(5,400,766.74)
64,536.38

0.00 13,178.41

0.00 0.00

0.00 13,178.41 13,178.41

FIXED INCOME
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2028
06/07/2023
06/14/2023
350,000.00
349,974.52

0.00 0.00
349,975.06
757.56
1,420.42
757.56
1,420.42

0.54 0.00

0.54 1,420.96
1,420.96
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028
09/12/2023
09/19/2023
1,055,000.00
1,054,958.66

0.00 0.00
1,054,959.46
2,452.29
4,598.04
2,452.29
4,598.04

0.80 0.00

0.80 4,598.84
4,598.84
037833EB2 APPLE INC 0.7 02/08/2026
02/08/2021
02/08/2021
3,000,000.00
2,999,904.18

0.00 0.00
2,999,908.77
4,841.67

0.00 6,591.67
1,750.00

4.58 0.00

4.58 1,754.58
1,754.58
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/11/2023
07/18/2023
190,000.00
189,972.09

0.00 0.00
189,972.71
173.22
866.08
173.22
866.08

0.62 0.00

0.62 866.70
866.70
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025
02/07/2023
02/15/2023
99,208.19
99,998.66

0.00 (791.81)
99,206.92

86.00 430.00

85.32 429.32

0.08 0.00

0.00 0.00
993,771.50
6,136.11

0.00 10,052.78
3,916.67
160.90

0.00 160.90
4,077.57
4,077.57
06406RBF3 BANK OF NEW YORK MELLON
CORP 3.43 06/13/2025
06/08/2022
06/13/2022
955,000.00
955,000.00

0.00 0.00
955,000.00
12,556.66

0.00 15,286.37
2,729.71

0.00 0.00

0.00 2,729.71
2,729.71
14913Q3B3

CATERPILLAR FINANCIAL
SERVICES CORP 2.15
11/08/2024
05/31/2022
06/02/2022
1,250,000.00
1,245,514.72

0.00 0.00
1,246,242.70
12,914.93
13,437.50
1,717.01
2,239.58
727.98

0.00 727.98
2,967.56
2,967.56
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,060,000.00
1,059,743.00

0.00 0.00
1,059,747.99
2,430.93
4,558.00
2,430.93
4,558.00

4.99 0.00

4.99 4,562.99
4,562.99
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
02/27/2024
02/29/2024
1,250,000.00
1,250,627.52

0.00 0.00
1,250,616.29
10,946.18

0.00 15,998.26
5,052.08

0.00 (11.24)
(11.24)
5,040.85
5,040.85
191216CL2 COCA-COLA CO 1.75
09/06/2024
09/20/2019
09/20/2019
3,000,000.00
2,997,511.31

0.00 0.00
2,998,114.04
8,020.83

0.00 12,395.83
4,375.00
602.73

0.00 602.73
4,977.73
4,977.73
24422EWF2 JOHN DEERE CAPITAL CORP

3.4 06/06/2025
06/01/2022
06/06/2022
280,000.00
279,976.44

0.00 0.00
279,978.26
3,834.44

0.00 4,627.78
793.33

1.82 0.00

1.82 795.16
795.16
24422EXD6 JOHN DEERE CAPITAL CORP

5.15 09/08/2026
09/05/2023
09/08/2023
505,000.00
504,718.66

0.00 0.00
504,728.80
3,828.88

0.00 5,996.17
2,167.29

10.14 0.00

10.14 2,177.43
2,177.43
3130AEB25 FEDERAL HOME LOAN BANKS

3.25 06/09/2028
07/24/2023
07/25/2023
2,000,000.00
1,933,615.95

0.00 0.00
1,934,987.88
25,638.89

0.00 31,055.56
5,416.67
1,371.94

0.75 04/29/2025
05/04/2021
05/04/2021
5,000,000.00
5,000,000.00

0.00 0.00
5,000,000.00
208.33

0.00 3,333.33
3,125.00

0.00 0.00

0.00 3,125.00
3,125.00
3130ANA42 FEDERAL HOME LOAN BANKS

0.65 04/28/2025
07/28/2021
07/28/2021
4,000,000.00
4,000,000.00

0.00 0.00
4,000,000.00
6,716.67

0.00 8,883.33
2,166.67

0.00 0.00

0.00 2,166.67
2,166.67
3130ANDF4 FEDERAL HOME LOAN BANKS

0.9 07/29/2026
07/29/2021
07/29/2021
5,000,000.00
5,000,000.00

0.00 0.00
5,000,000.00
11,500.00

0.00 15,250.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
3130ATS57 FEDERAL HOME LOAN BANKS

4.5 03/10/2028
03/27/2023
03/28/2023
2,000,000.00
2,047,060.13

0.00 0.00
2,046,024.74
12,750.00

0.00 20,250.00
7,500.00

0.00 (1,035.39)
(1,035.39)
6,464.61
6,464.61
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028
01/29/2024
01/30/2024
2,000,000.00
2,057,514.16

0.00 0.00
2,056,454.15
46,972.22

0.00 54,888.89
7,916.67

0.00 (1,060.01)
(1,060.01)
6,856.66
6,856.66
3133EPCF0

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
03/02/2026
03/27/2023
03/28/2023
2,000,000.00
2,016,706.17

0.00 0.00
2,015,933.20
14,750.00

0.00 22,250.00
7,500.00

0.00 (772.97)
(772.97)
6,727.03
6,727.03
3133EPDJ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
03/27/2023
03/28/2023
2,000,000.00
2,034,514.12

0.00 0.00
2,033,645.66
11,180.56

0.00 18,472.22
7,291.67

0.00 (868.46)
(868.46)
6,423.21
6,423.21
3133EPQC2

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.625
07/17/2026
07/28/2023
07/31/2023
2,000,000.00
1,998,702.24

0.00 0.00
1,998,752.09
26,722.22

0.00 34,430.56
7,708.33

49.85 0.00

49.85 7,758.19
7,758.19
3133ERDH1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
04/30/2029
04/29/2024
04/30/2024
2,100,000.00
2,104,260.67

0.00 0.00
2,104,188.29
277.08

0.00 8,589.58
8,312.50

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025
10/28/2020
10/28/2020
9,000,000.00
9,000,000.00

0.00 0.00
9,000,000.00
450.00

0.00 4,950.00
4,500.00

0.00 0.00

0.00 4,500.00
4,500.00
3134GWVE3

FEDERAL HOME LOAN
MORTGAGE CORP 0.4
09/25/2024
11/19/2020
11/19/2020
4,575,000.00
4,574,856.50

0.00 0.00
4,574,886.76
1,830.00

0.00 3,355.00
1,525.00

30.26 0.00

30.26 1,555.26
1,555.26
3135GA4S7

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.375 05/17/2024
11/20/2020
11/20/2020

0.00 5,000,000.00

0.00 (5,000,000.00)

0.00 8,541.67
9,375.00

0.00 833.33

0.00 0.00

0.00 833.33
833.33
3135GA4W8

FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
02/18/2025
11/20/2020
11/20/2020
3,950,000.00
3,950,000.00

0.00 0.00
3,950,000.00
4,004.86

0.00 5,650.69
1,645.83

0.00 0.00

0.00 1,645.83
1,645.83
3135GA5Y3

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.375 06/14/2024
12/14/2020
12/14/2020
4,375,000.00
4,375,000.00

0.00 0.00
4,375,000.00
6,243.49

0.00 7,610.68
1,367.19

0.00 0.00

0.00 1,367.19
1,367.19
40434CAD7 HSBC USA INC 3.5
06/23/2024
12/10/2019
12/10/2019
3,000,000.00
3,005,594.27

0.00 0.00
3,002,322.15
36,458.33

0.00 45,208.33
8,750.00

0.00 (3,272.12)
(3,272.12)
5,477.88
5,477.88
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028
11/01/2023
11/08/2023
330,000.00
329,947.92

0.00 0.00
329,948.99
519.75
1,559.25
519.75
1,559.25

1.07 0.00

1.07 1,560.32
1,560.32
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027
02/16/2023
02/24/2023
210,000.00
209,972.09

0.00 0.00
209,972.89
294.00
882.00
294.00
882.00

0.80 0.00

0.80 882.80
882.80
4581X0EK0

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
06/27/2023
07/06/2023
1,720,000.00
1,719,056.17

0.00 0.00
1,719,095.50
35,690.00
38,700.00
3,440.00
6,450.00

39.33 0.00

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
07/24/2023
07/26/2023
2,000,000.00
1,947,896.60

0.00 0.00
1,948,950.23
21,194.44

0.00 27,027.78
5,833.33
1,053.62

0.00 1,053.62
6,886.96
6,886.96
46647PBK1 JPMORGAN CHASE & CO

2.083 04/22/2026
05/31/2022
06/02/2022
1,250,000.00
1,228,733.55

0.00 0.00
1,230,585.40
650.94

0.00 2,820.73
2,169.79
1,851.85

0.00 1,851.85
4,021.65
4,021.65
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
395,000.00
394,945.87

0.00 0.00
394,947.16
879.53
1,649.13
879.53
1,649.13

1.30 0.00

1.30 1,650.43
1,650.43
61747YET8 MORGAN STANLEY 4.679
07/17/2026
12/28/2022
12/30/2022
775,000.00
769,954.46

0.00 0.00
770,308.33
10,475.76

0.00 13,497.62
3,021.85
353.87

0.00 353.87
3,375.73
3,375.73
63743HFF4

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.45 10/30/2025
10/20/2022
10/31/2022
495,000.00
494,668.65

0.00 0.00
494,687.43

74.94 0.00
2,323.06
2,248.13

18.78 0.00

18.78 2,266.90
2,266.90
69371RR81 PACCAR FINANCIAL CORP

3.15 06/13/2024
06/06/2022
06/13/2022
895,000.00
894,987.89

0.00 0.00
894,996.62
10,807.13

0.00 13,156.50
2,349.38

8.73 0.00

8.73 2,358.10
2,358.10
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
03/27/2024
03/28/2024
1,200,000.00
1,194,786.12

0.00 0.00
1,194,879.22
13,953.33

0.00 18,553.33
4,600.00

93.11 0.00

93.11 4,693.11
4,693.11
713448FL7 PEPSICO INC 3.6 02/18/2028
03/27/2024
03/28/2024
1,500,000.00
1,453,865.11

0.00 0.00
1,454,895.50
10,950.00

0.00 15,450.00
4,500.00
1,030.39

0.00 1,030.39
5,530.39
5,530.39
713448FQ6 PEPSICO INC 4.55 02/13/2026
02/13/2023
02/15/2023
195,000.00
194,932.49

0.00 0.00
194,935.70
1,922.38

0.00 2,661.75
739.38

3.20 0.00

0.00 0.00
379,916.50
9,250.63
9,737.50
1,136.04
1,622.92

2.90 0.00

2.90 1,625.82
1,625.82
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028
03/30/2023
03/31/2023
1,000,000.00
998,446.50

0.00 0.00
998,482.15
14,836.11

0.00 18,919.44
4,083.33

35.65 0.00

35.65 4,118.98
4,118.98
89236THP3 TOYOTA MOTOR CREDIT
CORP 0.8 10/16/2025
11/19/2020
11/19/2020
5,000,000.00
5,007,435.83

0.00 0.00
5,007,003.35
1,666.67

0.00 5,000.00
3,333.33

0.00 (432.48)
(432.48)
2,900.86
2,900.86
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026
02/13/2023
02/21/2023
470,000.00
469,812.92

0.00 0.00
469,821.69
4,340.97

0.00 6,201.39
1,860.42

8.77 0.00

8.77 1,869.19
1,869.19
912810FE3 UNITED STATES TREASURY 5.5
08/15/2028
04/29/2024
04/30/2024
2,100,000.00
2,173,699.06

0.00 0.00
2,172,241.07
24,115.38

0.00 33,951.92
9,836.54

0.00 (1,457.99)
(1,457.99)
8,378.55
8,378.55
9128284N7 UNITED STATES TREASURY

2.875 05/15/2028
07/31/2023
07/31/2023
2,000,000.00
1,901,622.77

0.00 0.00
1,903,690.36
26,538.46
28,750.00
2,656.25
4,867.79
2,067.59

0.00 2,067.59
6,935.38
6,935.38
9128285M8 UNITED STATES TREASURY

3.125 11/15/2028
12/28/2023
12/29/2023
2,000,000.00
1,939,593.17

0.00 0.00
1,940,721.93
28,846.15
31,250.00
2,887.23
5,291.07
1,128.76

0.00 1,128.76
6,419.83
6,419.83
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
09/30/2021
09/30/2021
3,000,000.00
2,990,603.70

0.00 0.00
2,990,933.95
2,223.36

0.00 4,446.72
2,223.36
330.26

0.00 330.26
2,553.62
2,553.62
91282CJF9 UNITED STATES TREASURY

4.875 10/31/2028
05/28/2024
05/29/2024
2,200,000.00

0.00 2,226,640.63

0.00 2,226,591.17

0.00 (8,451.77)
9,326.09
874.32

4.25 02/28/2029
03/27/2024
03/28/2024
2,200,000.00
2,206,492.06

0.00 0.00
2,206,377.97
15,752.72

0.00 23,629.08
7,876.36

0.00 (114.09)
(114.09)
7,762.27
7,762.27
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
05/28/2024
05/29/2024
2,200,000.00

0.00 2,161,156.25

0.00 2,161,222.20

0.00 (14,629.10)
15,372.95
743.85

65.95 0.00

65.95 809.80
809.80
91324PEN8 UNITEDHEALTH GROUP INC

5.15 10/15/2025
12/28/2022
12/30/2022
775,000.00
781,144.08

0.00 0.00
780,786.06
1,773.89

0.00 5,099.93
3,326.04

0.00 (358.02)
(358.02)
2,968.02
2,968.02
91324PEU2 UNITEDHEALTH GROUP INC

4.25 01/15/2029
05/28/2024
05/29/2024
1,000,000.00

0.00 967,180.00

0.00 967,238.19

0.00 (15,819.44)
16,055.56
236.12

58.19 0.00

58.19 294.31
294.31
92348KAA1 VZMT 2021-1 A 0.5
05/20/2027
10/21/2022
10/25/2022

0.00 210,180.57

0.00 (220,000.00)

0.00 33.61

91.67 0.00

58.06 9,819.43

0.00 9,819.43
9,877.49
9,877.49
Total Fixed Income 102,284,208.19
101,972,025.70
5,354,976.88
(5,220,791.81)
102,117,646.95
520,014.17
108,404.28
608,050.01
196,440.12
20,940.78
(9,504.59)
11,436.19
207,876.31 207,876.31
TOTAL PORTFOLIO 102,348,744.57
102,060,252.26
10,736,251.69
(10,621,558.55)
102,182,183.33
520,014.17
121,582.69
608,050.01
209,618.53
20,940.78
(9,504.59)
11,436.19
221,054.72 221,054.72
440
CONFIDENTIAL | 19
City of Orange | Account #10888 | As of May 31, 2024
Execution Time: 06/04/2024 07:39:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JUNE 2024
06/06/2024 Coupon 24422EWF2 280,000.00 JOHN DEERE CAPITAL CORP 3.4 06/06/2025 4,760.00 4,760.00 06/10/2024 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 06/10/2024 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 56,736.11 56,736.11 06/13/2024 Coupon 06406RBF3 955,000.00 BANK OF NEW YORK MELLON CORP 3.43 06/13/2025 16,378.25 16,378.25
06/13/2024 Coupon 69371RR81 895,000.00 PACCAR FINANCIAL CORP 3.15 06/13/2024 14,096.25 14,096.25 06/13/2024 Final Maturity 69371RR81 895,000.00 PACCAR FINANCIAL CORP 3.15 06/13/2024 895,000.00 895,000.00 06/14/2024 Coupon 3135GA5Y3 4,375,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 06/14/2024 8,203.13 8,203.13
06/14/2024 Final Maturity 3135GA5Y3 4,375,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 06/14/2024 4,375,000.00 4,375,000.00
06/17/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 06/17/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 06/17/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 06/17/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 06/21/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 06/21/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 06/24/2024 Coupon 40434CAD7 3,000,000.00 HSBC USA INC 3.5 06/23/2024 51,625.00 51,625.00 06/24/2024 Final Maturity 40434CAD7 3,000,000.00 HSBC USA INC 3.5 06/23/2024 3,000,000.00 3,000,000.00 06/25/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 06/25/2024 Coupon 05593AAC3 99,208.19 BMWLT 2023-1 A3 5.16 11/25/2025 389.33 389.33 06/25/2024 Principal Paydown 05593AAC3 99,208.19 BMWLT 2023-1 A3 5.16 11/25/2025 14,768.50 14,768.50 June 2024 Total 8,284,768.50 200,220.99 8,484,989.48
JULY 2024
07/12/2024 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
07/12/2024 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 07/15/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 07/15/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 07/15/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 07/15/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 441
CONFIDENTIAL | 20
City of Orange | Account #10888 | As of May 31, 2024
Execution Time: 06/04/2024 07:39:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2024 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 07/17/2024 Coupon 3133EPQC2 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.625 07/17/2026 46,250.00 46,250.00
07/17/2024 Coupon 61747YET8 775,000.00 MORGAN STANLEY 4.679 07/17/2026 18,131.13 18,131.13 07/22/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 07/22/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 07/25/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 07/25/2024 Coupon 05593AAC3 99,208.19 BMWLT 2023-1 A3 5.16 11/25/2025 325.83 325.83 07/25/2024 Principal Paydown 05593AAC3 99,208.19 BMWLT 2023-1 A3 5.16 11/25/2025 13,877.16 13,877.16 07/29/2024 Coupon 3130ANA42 4,000,000.00 FEDERAL HOME LOAN BANKS 0.65 04/28/2025 13,000.00 13,000.00 07/29/2024 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 07/31/2024 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 July 2024 Total 13,877.16 224,089.87 237,967.03
AUGUST 2024
08/08/2024 Coupon 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 10,500.00 10,500.00 08/13/2024 Coupon 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 4,436.25 4,436.25 08/15/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 08/15/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 08/15/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 08/15/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 08/15/2024 Coupon 912810FE3 2,100,000.00 UNITED STATES TREASURY 5.5 08/15/2028 57,750.00 57,750.00 08/19/2024 Coupon 3135GA4W8 3,950,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 02/18/2025 9,875.00 9,875.00
08/19/2024 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 08/21/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 08/21/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 08/21/2024 Coupon 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 11,162.50 11,162.50 08/26/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 08/26/2024 Coupon 05593AAC3 99,208.19 BMWLT 2023-1 A3 5.16 11/25/2025 266.16 266.16 08/26/2024 Principal Paydown 05593AAC3 99,208.19 BMWLT 2023-1 A3 5.16 11/25/2025 12,147.82 12,147.82 08/26/2024 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 August 2024 Total 12,147.82 166,835.32 178,983.15
442
CONFIDENTIAL | 21
City of Orange | Account #10888 | As of May 31, 2024
Execution Time: 06/04/2024 07:39:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount SEPTEMBER 2024
09/03/2024 Coupon 3133EPCF0 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/02/2026 45,000.00 45,000.00
09/03/2024 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 09/06/2024 Coupon 191216CL2 3,000,000.00 COCA-COLA CO 1.75 09/06/2024 26,250.00 26,250.00 09/06/2024 Final Maturity 191216CL2 3,000,000.00 COCA-COLA CO 1.75 09/06/2024 3,000,000.00 3,000,000.00 09/09/2024 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 09/10/2024 Coupon 3130ATS57 2,000,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 45,000.00 45,000.00 09/13/2024 Coupon 06406RBF3 955,000.00 BANK OF NEW YORK MELLON CORP 3.43 06/13/2025 14,074.31 14,074.31
09/16/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 09/16/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 09/16/2024 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 09/16/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 09/16/2024 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 10/15/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 10/15/2024 Coupon 91324PEN8 775,000.00 UNITEDHEALTH GROUP INC 5.15 10/15/2025 19,956.25 19,956.25 10/16/2024 Coupon 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 20,000.00 20,000.00 10/21/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 10/21/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 10/22/2024 Coupon 46647PBK1 1,250,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 13,018.75 13,018.75 10/25/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 10/25/2024 Coupon 05593AAC3 99,208.19 BMWLT 2023-1 A3 5.16 11/25/2025 166.06 166.06 10/25/2024 Principal Paydown 05593AAC3 99,208.19 BMWLT 2023-1 A3 5.16 11/25/2025 10,482.61 10,482.61 10/28/2024 Coupon 3134GW3Z7 9,000,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 27,000.00 27,000.00
10/29/2024 Coupon 3130AMBG6 5,000,000.00 FEDERAL HOME LOAN BANKS 0.75 04/29/2025 18,750.00 18,750.00 10/30/2024 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
10/30/2024 Coupon 63743HFF4 495,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.45 10/30/2025 13,488.75 13,488.75
10/31/2024 Coupon 91282CJF9 2,200,000.00 UNITED STATES TREASURY 4.875 10/31/2028 53,625.00 53,625.00 October 2024
Total 10,482.61 231,412.73 241,895.33
NOVEMBER 2024
11/08/2024 Coupon 14913Q3B3 1,250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 2.15 11/08/2024 13,437.50 13,437.50
11/08/2024 Final Maturity 14913Q3B3 1,250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 2.15 11/08/2024 1,250,000.00 1,250,000.00
11/12/2024 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 11/15/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 11/15/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 11/15/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 11/15/2024 Coupon 4581X0EK0 1,720,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.5 05/15/2026 38,700.00 38,700.00
11/15/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 11/15/2024 Coupon 9128284N7 2,000,000.00 UNITED STATES TREASURY 2.875 05/15/2028 28,750.00 28,750.00 444
CONFIDENTIAL | 23
City of Orange | Account #10888 | As of May 31, 2024
Execution Time: 06/04/2024 07:39:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/15/2024 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 11/21/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 11/21/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 11/25/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 11/25/2024 Coupon 05593AAC3 99,208.19 BMWLT 2023-1 A3 5.16 11/25/2025 120.98 120.98 11/25/2024 Principal Paydown 05593AAC3 99,208.19 BMWLT 2023-1 A3 5.16 11/25/2025 11,090.43 11,090.43 November 2024
Total 1,261,090.43 137,528.90 1,398,619.33
DECEMBER 2024
12/06/2024 Coupon 24422EWF2 280,000.00 JOHN DEERE CAPITAL CORP 3.4 06/06/2025 4,760.00 4,760.00 12/09/2024 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 12/09/2024 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 12/13/2024 Coupon 06406RBF3 955,000.00 BANK OF NEW YORK MELLON CORP 3.43 06/13/2025 14,074.31 14,074.31
12/16/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 12/16/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 12/16/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 12/16/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 12/23/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 12/23/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 12/23/2024 Principal Paydown 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 9,704.45 9,704.45 12/25/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 12/25/2024 Coupon 05593AAC3 99,208.19 BMWLT 2023-1 A3 5.16 11/25/2025 73.30 73.30 12/25/2024 Principal Paydown 05593AAC3 99,208.19 BMWLT 2023-1 A3 5.16 11/25/2025 11,423.28 11,423.28 December 2024
Total 21,127.73 114,440.53 135,568.26
JANUARY 2025
01/13/2025 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
01/13/2025 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 01/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 01/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 445
CONFIDENTIAL | 24
City of Orange | Account #10888 | As of May 31, 2024
Execution Time: 06/04/2024 07:39:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 01/15/2025 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 01/15/2025 Principal Paydown 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 23,482.56 23,482.56 01/15/2025 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 01/17/2025 Coupon 3133EPQC2 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.625 07/17/2026 46,250.00 46,250.00
01/17/2025 Coupon 61747YET8 775,000.00 MORGAN STANLEY 4.679 07/17/2026 18,131.13 18,131.13 01/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 01/21/2025 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 841.24 841.24 01/21/2025 Principal Paydown 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 13,557.58 13,557.58 01/27/2025 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 01/27/2025 Coupon 05593AAC3 99,208.19 BMWLT 2023-1 A3 5.16 11/25/2025 24.18 24.18 01/27/2025 Effective Maturity 05593AAC3 99,208.19 BMWLT 2023-1 A3 5.16 11/25/2025 5,622.30 5,622.30 01/28/2025 Coupon 3130ANA42 4,000,000.00 FEDERAL HOME LOAN BANKS 0.65 04/28/2025 13,000.00 13,000.00 01/29/2025 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 01/31/2025 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 January 2025 Total 42,662.44 223,747.46 266,409.89
FEBRUARY 2025
02/10/2025 Coupon 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 10,500.00 10,500.00 02/13/2025 Coupon 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 4,436.25 4,436.25 02/17/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 02/17/2025 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,551.09 1,551.09 02/17/2025 Principal Paydown 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 20,555.89 20,555.89 02/18/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 02/18/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 02/18/2025 Coupon 3135GA4W8 3,950,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 02/18/2025 9,875.00 9,875.00
02/18/2025 Final Maturity 3135GA4W8 3,950,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/21/2025 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 784.30 784.30 02/21/2025 Principal Paydown 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 13,357.20 13,357.20 02/21/2025 Coupon 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 11,162.50 11,162.50 02/25/2025 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 02/26/2025 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 02/28/2025 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 February 2025
Total 3,983,913.10 213,123.43 4,197,036.52
MARCH 2025
03/03/2025 Coupon 3133EPCF0 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/02/2026 45,000.00 45,000.00
03/10/2025 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 03/10/2025 Coupon 3130ATS57 2,000,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 45,000.00 45,000.00 03/13/2025 Coupon 06406RBF3 955,000.00 BANK OF NEW YORK MELLON CORP 3.43 06/13/2025 14,074.31 14,074.31
03/14/2025 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 03/17/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 03/17/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 03/17/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 03/17/2025 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
03/17/2025 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,465.26 1,465.26 03/17/2025 Principal Paydown 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 18,673.07 18,673.07 03/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 03/21/2025 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 728.20 728.20 03/21/2025 Principal Paydown 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 12,958.47 12,958.47 03/25/2025 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 03/25/2025 Principal Paydown 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 3,367.94 3,367.94 03/31/2025 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 03/31/2025 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 March 2025 Total 34,999.47 258,023.32 293,022.79
APRIL 2025
447
CONFIDENTIAL | 26
City of Orange | Account #10888 | As of May 31, 2024
Execution Time: 06/04/2024 07:39:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 04/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 04/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 04/15/2025 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,387.30 1,387.30 04/15/2025 Principal Paydown 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 22,515.59 22,515.59 04/15/2025 Coupon 91324PEN8 775,000.00 UNITEDHEALTH GROUP INC 5.15 10/15/2025 19,956.25 19,956.25 04/16/2025 Coupon 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 20,000.00 20,000.00 04/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 04/21/2025 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 673.77 673.77 04/21/2025 Principal Paydown 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 13,322.15 13,322.15 04/22/2025 Coupon 46647PBK1 1,250,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 13,018.75 13,018.75 04/22/2025 Effective Maturity 46647PBK1 1,250,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 1,250,000.00 1,250,000.00 04/25/2025 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 850.73 850.73 04/25/2025 Principal Paydown 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 11,374.08 11,374.08 04/28/2025 Coupon 3130ANA42 4,000,000.00 FEDERAL HOME LOAN BANKS 0.65 04/28/2025 6,500.00 6,500.00 04/28/2025 Final Maturity 3130ANA42 4,000,000.00 FEDERAL HOME LOAN BANKS 0.65 04/28/2025 4,000,000.00 4,000,000.00 04/28/2025 Coupon 3134GW3Z7 9,000,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 27,000.00 27,000.00
04/29/2025 Coupon 3130AMBG6 5,000,000.00 FEDERAL HOME LOAN BANKS 0.75 04/29/2025 18,750.00 18,750.00 04/29/2025 Final Maturity 3130AMBG6 5,000,000.00 FEDERAL HOME LOAN BANKS 0.75 04/29/2025 5,000,000.00 5,000,000.00 04/30/2025 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
04/30/2025 Coupon 63743HFF4 495,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.45 10/30/2025 13,488.75 13,488.75
04/30/2025 Coupon 91282CJF9 2,200,000.00 UNITED STATES TREASURY 4.875 10/31/2028 53,625.00 53,625.00 April 2025 Total 10,297,211.82 237,261.27 10,534,473.09 Grand Total 255,287,330.97 31,548,411.66 2,347,408.71 33,895,820.37 448
CONFIDENTIAL | 27
City of Orange | Account #10888 | As of May 31, 2024
Execution Time: 06/04/2024 07:39:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

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

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P , Moody’s and Fitch respectively. 449
CONFIDENTIAL | 28
City of Orange | Account #10888 | As of May 31, 2024
Execution Time: 06/04/2024 07:39:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

MONTHLY ACCOUNT STATEMENT
City of Orange | Account #10888 | As of June 30, 2024
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

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

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 (01/01/22)
City of Orange 0.54% 1.07% 1.58% 4.88% 2.46% -- -- -- 0.06% Benchmark Return* 0.70% 0.82% 0.81% 4.18% 1.85% -- -- -- (0.14%) Average Modified Duration 2.23
Average Coupon 2.78%
Average Purchase YTM 2.87%
Average Market YTM 4.96%
Average Quality AA
Average Final Maturity 2.57
Average Life 2.48
Beg. Values as of
06/01/2024
End Values as of
06/30/2024
Market Value 99,437,899.06 99,910,914.20
Accrued Interest 608,050.01 672,407.97
Total Market Value 100,045,949.07 100,583,322.17
Income Earned 221,054.72 232,146.53
Cont/WD 0.00 0.00
Par 102,348,744.57 102,539,614.20
Book Value 102,182,183.33 102,308,638.77
Cost Value 102,266,546.17 102,214,566.97
United States 21.23%
Federal Home Loan Banks 19.24%
FHLMC 12.55%
Farm Credit System 8.11%
Toyota Motor Corporation 4.73%
FNMA 3.83%
The Coca-Cola Company 2.98%
Apple Inc. 2.80%
*Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Secondary Benchmark:
*See Footnote
The credit quality is a weighted average calculation of the highest of S&P , Moody’s’ and Fitch 452
CONFIDENTIAL | 3
City of Orange | Account #10888 | As of June 30, 2024
Execution Time: 07/05/2024 07:42:42 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2023)
Beginning Book Value 102,182,183.33 100,852,347.86
Maturities/Calls (9,225,000.00) (25,415,000.00)
Principal Paydowns (11,128.08) (231,919.89)
Purchases 14,827,867.64 59,522,966.52
Sales (5,434,598.41) (34,055,177.21)
Change in Cash, Payables, Receivables (4,336.47) 1,720,202.30 Amortization/Accretion 3,740.76 78,105.01
Realized Gain (Loss) (30,090.00) (162,885.82)
Ending Book Value 102,308,638.77 102,308,638.77
Month to Date Fiscal Year to Date
(07/01/2023)
Beginning Market Value 99,437,899.06 95,651,766.03
Maturities/Calls (9,225,000.00) (25,415,000.00)
Principal Paydowns (11,128.08) (231,919.89)
Purchases 14,827,867.64 59,522,966.52
Sales (5,434,598.41) (34,055,177.21)
Change in Cash, Payables, Receivables (4,336.47) 1,720,202.30 Amortization/Accretion 3,740.76 78,105.01
Change in Net Unrealized Gain (Loss) 346,559.71 2,802,857.26 Realized Gain (Loss) (30,090.00) (162,885.82)
Ending Market Value 99,910,914.20 99,910,914.20
Maturities / Calls
Month to Date (9,225,000.00)
Fiscal Year to Date (25,415,000.00)
Principal Paydowns
Month to Date (11,128.08)
Fiscal Year to Date (231,919.89)
Purchases
Month to Date 14,827,867.64
Fiscal Year to Date 59,522,966.52
Sales
Month to Date (5,434,598.41)
Fiscal Year to Date (34,055,177.21)
Interest Received
Month to Date 209,530.09
Fiscal Year to Date 1,779,486.97
Purchased / Sold Interest
Month to Date (45,482.28)
Fiscal Year to Date (158,522.00)
453
CONFIDENTIAL | 4
City of Orange | Account #10888 | As of June 30, 2024
Execution Time: 07/05/2024 07:42:42 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025 88,080.10 02/07/2023

5.43%
88,078.01
88,079.04

99.81 5.69%
87,915.81

75.75 0.09%
(163.24)
Aaa/AAA
NA

1.41 0.42
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027 210,000.00 02/16/2023

5.09%
209,960.98
209,973.66

99.58 5.40%
209,122.47
294.00

0.21%
(851.19)
Aaa/NA
AAA

2.81 1.44
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 395,000.00 02/22/2023

3.39%
394,928.03
394,948.42

99.54 5.38%
393,198.52
879.53

0.39%
(1,749.90)
Aaa/NA
AAA

3.38 1.52
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 190,000.00 07/11/2023

5.47%
189,966.33
189,973.31
100.31

5.39%
190,595.35
173.22

0.19%
622.03
NA/AAA
AAA

3.66 1.96
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2028 350,000.00 06/07/2023

4.87%
349,968.96
349,975.58

99.56 5.20%
348,443.87
757.56

0.35%
(1,531.71)
NA/AAA
AAA

3.88 1.74
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 330,000.00 11/01/2023

5.74%
329,941.89
329,950.02
100.88

5.37%
332,909.51
519.75

0.33%
2,959.49
Aaa/NA
AAA

3.98 2.28
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,960.24
100.33

5.14%
1,058,490.68
2,452.29

1.06%
3,530.44
NA/AAA
AAA

4.21 2.03
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.17%
1,059,706.17
1,059,752.81
100.26

5.11%
1,062,705.97
2,430.93

1.06%
2,953.16
NR/AAA
AAA

4.21 2.03
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 450,000.00 06/04/2024

5.18%
449,931.65
449,932.44
100.10

5.21%
450,444.56
1,295.00

0.45%
512.11
Aaa/AAA
NA

4.66 2.10
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 510,000.00 06/11/2024

5.81%
509,900.30
509,901.05
100.31

5.14%
511,575.65
957.67

0.51%
1,674.60
Aaa/NA
AAA

4.71 2.32
05522RDJ4 BACCT 2024-1 A 4.93
03/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,971.96
100.04

4.99%
505,200.28
1,244.83

0.51%
228.32
Aaa/AAA
NA

4.71 2.61
Total ABS 5,143,080.10 5.13%
5,142,306.83
5,142,418.54
100.15

5.19%
5,150,602.66
11,080.52

5.16%
8,184.12
Aaa/AAA
AAA

4.12 2.03
AGENCY
3134GWVE3

FEDERAL HOME LOAN
MORTGAGE CORP 0.4
09/25/2024
4,575,000.00 11/19/2020

0.41%
4,573,627.50
4,574,916.05

98.75 5.76%
4,517,855.92
4,880.00

4.52%
(57,060.13)
Aaa/AA+
AA+

0.24 0.23
3135GA4W8 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 02/18/2025 3,950,000.00 11/20/2020

0.50%
3,950,000.00
3,950,000.00

96.95 5.47%
3,829,424.75
7,296.53

3.83%
(120,575.25)
Aaa/AA+
AA+

0.64 0.62
3130ANA42 FEDERAL HOME LOAN BANKS

0.65 04/28/2025 4,000,000.00 07/28/2021

0.65%
4,000,000.00
4,000,000.00

96.32 5.26%
3,852,678.12
11,050.00

3.86%
(147,321.88)
Aaa/AA+
AA+

0.83 0.80
3130AMBG6 FEDERAL HOME LOAN BANKS

0.75 04/29/2025 5,000,000.00 05/04/2021

0.75%
5,000,000.00
5,000,000.00

96.38 5.26%
4,819,195.25
6,458.33

4.82%
(180,804.75)
Aaa/AA+
AA+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3134GW3Z7

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025
8,500,000.00 10/28/2020

0.60%
8,500,000.00
8,500,000.00

94.39 5.02%
8,022,846.04
8,925.00

8.03%
(477,153.96)
Aaa/AA+
AA+

1.33 1.29
3133EPCF0 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 03/02/2026 2,000,000.00 03/27/2023

4.01%
2,026,680.00
2,015,185.16

99.43 4.85%
1,988,663.94
29,750.00

1.99%
(26,521.22)
Aaa/AA+
AA+

1.67 1.57
3133EPQC2

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.625
07/17/2026
2,000,000.00 07/28/2023

4.66%
1,998,260.00
1,998,800.33

99.68 4.79%
1,993,665.88
42,138.89

2.00%
(5,134.45)
Aaa/AA+
AA+

2.05 1.89
3130ANDF4 FEDERAL HOME LOAN BANKS 0.9
07/29/2026 5,000,000.00 07/29/2021

0.90%
5,010,000.00
5,000,000.00

92.28 4.84%
4,614,151.65
19,000.00

4.62%
(385,848.35)
Aaa/AA+
AA+

2.08 2.01
3133EPDJ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
2,000,000.00 03/27/2023

3.81%
2,045,720.00
2,032,805.22

99.41 4.57%
1,988,166.90
25,763.89

1.99%
(44,638.32)
Aaa/AA+
AA+

3.21 2.92
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 2,000,000.00 03/27/2023

3.82%
2,060,420.00
2,045,022.75

99.88 4.53%
1,997,546.06
27,750.00

2.00%
(47,476.69)
Aaa/AA+
AA+

3.70 3.32
3130AEB25 FEDERAL HOME LOAN BANKS

3.25 06/09/2028 2,000,000.00 07/24/2023

4.15%
1,921,180.00
1,936,315.56

95.53 4.50%
1,910,515.10
3,972.22

1.91%
(25,800.46)
Aaa/AA+
AA+

3.94 3.64
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028 2,000,000.00 01/29/2024

4.05%
2,060,660.00
2,055,428.33
101.38

4.40%
2,027,669.20
6,069.44

2.03%
(27,759.13)
Aaa/AA+
AA+

4.44 3.96
3133ERDH1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 04/30/2029 2,100,000.00 04/29/2024

4.70%
2,104,263.00
2,104,118.25
101.45

4.41%
2,130,511.30
16,902.08

2.13%
26,393.04
Aaa/AA+
AA+

4.83 4.25
Total Agency 45,125,000.00 1.77%
45,250,810.50
45,212,591.66

96.90 5.02%
43,692,890.10
209,956.39

43.73%
(1,519,701.56)
Aaa/AA+
AA+

1.81 1.68
CASH
CCYUSD Receivable 4,643.69 --

0.00%
4,643.69
4,643.69

1.00 0.00%
4,643.69

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 4,643.69 0.00%
4,643.69
4,643.69

1.00 0.00%
4,643.69

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00

CORPORATE
191216CL2 COCA-COLA CO 1.75 09/06/2024 3,000,000.00 09/20/2019

1.99%
2,964,750.00
2,998,697.32

99.28 5.67%
2,978,490.42
16,770.83

2.98%
(20,206.90)
A1/A+
WR

0.19 0.18
14913Q3B3 CATERPILLAR FINANCIAL
SERVICES CORP 2.15 11/08/2024 1,250,000.00 05/31/2022

2.86%
1,229,100.00
1,246,947.19

98.81 5.55%
1,235,096.24
3,956.60

1.24%
(11,850.95)
A2/A
A+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
24422EWF2 JOHN DEERE CAPITAL CORP 3.4
06/06/2025 280,000.00 06/01/2022

3.41%
279,935.60
279,980.02

98.17 5.43%
274,886.65
661.11

0.28%
(5,093.37)
A1/A
A+

0.93 0.90
91324PEN8 UNITEDHEALTH GROUP INC 5.15
10/15/2025 775,000.00 12/28/2022

4.56%
786,780.00
780,439.59

99.85 5.26%
773,867.66
8,425.97

0.77%
(6,571.92)
A2/A+
A

1.29 1.22
89236THP3 TOYOTA MOTOR CREDIT CORP

0.8 10/16/2025 5,000,000.00 11/19/2020

0.70%
5,025,000.00
5,006,584.82

94.53 5.22%
4,726,611.90
8,333.33

4.73%
(279,972.92)
A1/A+
A+

1.30 1.26
63743HFF4

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.45 10/30/2025
495,000.00 10/20/2022

5.50%
494,336.70
494,705.61
100.02

5.43%
495,110.39
4,571.19

0.50%
404.78
A2/A-
A

1.33 1.26
037833EB2 APPLE INC 0.7 02/08/2026 3,000,000.00 02/08/2021

0.70%
2,999,730.00
2,999,913.20

93.39 5.04%
2,801,598.87
8,341.67

2.80%
(198,314.33)
Aaa/AA+
NA

1.61 1.56
713448FQ6 PEPSICO INC 4.55 02/13/2026 195,000.00 02/13/2023

4.57%
194,886.90
194,938.80

99.33 4.99%
193,685.32
3,401.13

0.19%
(1,253.48)
A1/A+
NA

1.62 1.52
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026 470,000.00 02/13/2023

4.77%
469,689.80
469,830.18

99.24 5.24%
466,409.35
8,061.81

0.47%
(3,420.83)
A3/A-
A-

1.65 1.53
46647PBK1 JPMORGAN CHASE & CO 2.083
04/22/2026 1,250,000.00 05/31/2022

3.92%
1,190,825.00
1,232,377.52

97.11 6.58%
1,213,825.65
4,990.52

1.21%
(18,551.87)
A1/A-
AA-

1.81 0.78
61747YET8 MORGAN STANLEY 4.679
07/17/2026 775,000.00 12/28/2022

5.26%
764,390.25
770,650.79

99.02 6.32%
767,404.66
16,519.47

0.77%
(3,246.13)
A1/A-
A+

2.05 0.99
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,738.61
100.14

5.08%
505,724.28
8,163.47

0.51%
985.67
A1/A
A+

2.19 2.02
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,919.31
100.44

4.92%
381,669.69
2,758.96

0.38%
1,750.39
A1/A+
NA

2.36 2.11
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027 1,000,000.00 03/30/2023

4.91%
991,550.00
993,927.21

98.71 5.14%
987,099.94
13,969.44

0.99%
(6,827.27)
A2/A-
AA-

3.21 2.90
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
998,516.65

99.21 5.15%
992,097.57
23,002.78

0.99%
(6,419.08)
A1/A
AA-

3.54 3.13
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,206,315.46

96.38 5.85%
1,204,794.63
21,377.22

1.21%
(1,520.84)
A1/A-
AA-

3.56 2.35
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,455,892.65

96.15 4.76%
1,442,281.50
19,950.00

1.44%
(13,611.15)
A1/A+
NA

3.64 3.31
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
967,820.11

97.37 4.90%
973,719.05
19,597.22

0.97%
5,898.94
A2/A+
A

4.54 3.99
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,194,969.32

98.90 4.87%
1,186,843.31
23,153.33

1.19%
(8,126.01)
A1/A+
NA

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
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,605.41

99.98 4.85%
1,249,779.48
21,050.35

1.25%
(825.93)
A1/AA-
NA

4.66 4.06
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,245,994.10

99.42 4.88%
1,242,721.06
989.58

1.24%
(3,273.04)
A2/A
A

4.99 4.39
Total Corporate 26,825,000.00 3.20%
26,590,914.60
26,673,763.87

97.33 5.30%
26,093,717.62
238,045.98

26.12%
(580,046.25)
A1/A+
A+

2.24 1.93

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 121,890.41 --

4.92%
121,890.41
121,890.41

1.00 4.92%
121,890.41

0.00 0.12%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 121,890.41 4.92%
121,890.41
121,890.41

1.00 4.92%
121,890.41

0.00 0.12%

0.00 Aaa/
AAAm
AAA

0.00 0.00

SUPRANATIONAL
4581X0EK0

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
1,720,000.00 06/27/2023

4.53%
1,718,675.60
1,719,133.56

99.34 4.87%
1,708,568.30
9,890.00

1.71%
(10,565.26)
Aaa/AAA
NA

1.87 1.77
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
2,000,000.00 07/24/2023

4.19%
1,938,380.00
1,949,969.86

96.35 4.50%
1,927,081.90
32,861.11

1.93%
(22,887.96)
Aaa/AAA
NA

4.03 3.65
Total
Supranational 3,720,000.00 4.35%
3,657,055.60
3,669,103.42

97.76 4.67%
3,635,650.20
42,751.11

3.64%
(33,453.23)
Aaa/AAA
NA

3.02 2.76

US TREASURY
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 3,000,000.00 09/30/2021

1.01%
2,980,546.88
2,991,253.55

92.04 4.64%
2,761,054.68
6,598.36

2.76%
(230,198.87)
Aaa/AA+
AA+

2.25 2.18
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028 2,200,000.00 06/13/2024

4.33%
2,135,203.13
2,135,981.06

96.73 4.44%
2,127,984.36
12,972.83

2.13%
(7,996.69)
Aaa/AA+
AA+

3.84 3.52
9128284N7 UNITED STATES TREASURY 2.875
05/15/2028 2,000,000.00 07/31/2023

4.23%
1,883,281.25
1,905,691.25

94.47 4.44%
1,889,453.12
7,343.75

1.89%
(16,238.13)
Aaa/AA+
AA+

3.88 3.60
912810FE3 UNITED STATES TREASURY 5.5
08/15/2028 2,100,000.00 04/29/2024

4.59%
2,173,746.09
2,170,830.11
104.43

4.32%
2,192,941.40
43,471.15

2.19%
22,111.29
Aaa/AA+
AA+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 2,200,000.00 05/28/2024

4.57%
2,226,640.63
2,226,096.61
101.87

4.40%
2,241,078.14
18,069.29

2.24%
14,981.53
Aaa/AA+
AA+

4.34 3.85
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 2,000,000.00 12/28/2023

3.86%
1,935,078.13
1,941,814.27

94.96 4.40%
1,899,140.62
7,982.34

1.90%
(42,673.65)
Aaa/AA+
AA+

4.38 4.01
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,200,000.00 03/27/2024

4.18%
2,206,617.19
2,206,267.56

99.55 4.36%
2,190,117.18
31,251.36

2.19%
(16,150.38)
Aaa/AA+
AA+

4.67 4.13
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,161,881.69

98.98 4.36%
2,177,570.32
22,811.48

2.18%
15,688.63
Aaa/AA+
AA+

4.75 4.23
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 1,500,000.00 06/27/2024

4.31%
1,520,097.66
1,520,063.54
101.15

4.36%
1,517,226.57
11,688.18

1.52%
(2,836.97)
Aaa/AA+
AA+

4.83 4.27
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,224,347.54
100.68

4.34%
2,214,953.14
8,385.25

2.22%
(9,394.40)
Aaa/AA+
AA+

4.92 4.36
Total US Treasury 21,600,000.00 3.89%
21,446,945.34
21,484,227.18

98.35 4.41%
21,211,519.53
170,573.98

21.23%
(272,707.65)
Aaa/AA+
AA+

4.13 3.72
Total Portfolio 102,539,614.20 2.87%
102,214,566.97
102,308,638.77

97.40 4.96%
99,910,914.20
672,407.97
100.00%
(2,397,724.57)
Aa2/AA-
AA

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

ACQUISITIONS
Purchase 06/04/2024 31846V203 8,980.16 FIRST AMER:GVT OBLG Y 1.000 4.92% (8,980.16) 0.00 (8,980.16) 0.00 Purchase 06/06/2024 31846V203 474,986.67 FIRST AMER:GVT OBLG Y 1.000 4.91% (474,986.67) 0.00 (474,986.67) 0.00 Purchase 06/10/2024 31846V203 32,500.00 FIRST AMER:GVT OBLG Y 1.000 4.91% (32,500.00) 0.00 (32,500.00) 0.00 Purchase 06/10/2024 31846V203 50,502.96 FIRST AMER:GVT OBLG Y 1.000 4.91% (50,502.96) 0.00 (50,502.96) 0.00 Purchase 06/11/2024 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 99.985 5.18% (449,931.65) 0.00 (449,931.65) 0.00 Purchase 06/13/2024 31846V203 14,096.25 FIRST AMER:GVT OBLG Y 1.000 4.91% (14,096.25) 0.00 (14,096.25) 0.00 Purchase 06/13/2024 31846V203 1,361,406.58 FIRST AMER:GVT OBLG Y 1.000 4.91% (1,361,406.58) 0.00 (1,361,406.58) 0.00 Purchase 06/13/2024 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 03/15/2029 99.994 4.93% (504,971.67) 0.00 (504,971.67) 0.00 Purchase 06/14/2024 91282CKT7 2,200,000.00 UNITED STATES TREASURY

4.5 05/31/2029 101.117 4.25% (2,224,578.13) (3,786.89) (2,228,365.02) 0.00 Purchase 06/14/2024 91282CHA2 2,200,000.00 UNITED STATES TREASURY

3.5 04/30/2028 97.055 4.33% (2,135,203.13) (9,415.76) (2,144,618.89) 0.00 Purchase 06/14/2024 31846V203 10,219.22 FIRST AMER:GVT OBLG Y 1.000 4.91% (10,219.22) 0.00 (10,219.22) 0.00 Purchase 06/17/2024 31846V203 6,018.46 FIRST AMER:GVT OBLG Y 1.000 4.91% (6,018.46) 0.00 (6,018.46) 0.00 Purchase 06/17/2024 31846V203 6,207.13 FIRST AMER:GVT OBLG Y 1.000 4.91% (6,207.13) 0.00 (6,207.13) 0.00 Purchase 06/18/2024 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 99.980 5.81% (509,900.30) 0.00 (509,900.30) 0.00 Purchase 06/21/2024 31846V203 2,441.25 FIRST AMER:GVT OBLG Y 1.000 4.92% (2,441.25) 0.00 (2,441.25) 0.00 Purchase 06/24/2024 31846V203 51,916.67 FIRST AMER:GVT OBLG Y 1.000 4.92% (51,916.67) 0.00 (51,916.67) 0.00 Purchase 06/24/2024 31846V203 3,000,000.00 FIRST AMER:GVT OBLG Y 1.000 4.92% (3,000,000.00) 0.00 (3,000,000.00) 0.00 Purchase 06/25/2024 31846V203 192.57 FIRST AMER:GVT OBLG Y 1.000 4.92% (192.57) 0.00 (192.57) 0.00 Purchase 06/25/2024 31846V203 11,554.68 FIRST AMER:GVT OBLG Y 1.000 4.92% (11,554.68) 0.00 (11,554.68) 0.00 Purchase 06/28/2024 91282CKP5 1,500,000.00 UNITED STATES TREASURY

4.625 04/30/2029 101.340 4.31% (1,520,097.66) (11,122.62) (1,531,220.28) 0.00 Purchase 06/28/2024 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 99.679 4.82% (1,245,987.50) (494.79) (1,246,482.29) 0.00 Purchase 06/28/2024 06051GGF0 1,250,000.00 BANK OF AMERICA CORP

3.824 01/20/2028 96.494 4.91% (1,206,175.00) (20,978.89) (1,227,153.89) 0.00 Total Purchase 14,896,022.60 (14,827,867.64) (45,798.95) (14,873,666.59) 0.00 459
CONFIDENTIAL | 10
City of Orange | Account #10888 | As of June 30, 2024
Execution Time: 07/05/2024 07:42:42 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
TOTAL
ACQUISITIONS 14,896,022.60 (14,827,867.64) (45,798.95) (14,873,666.59) 0.00

DISPOSITIONS
Maturity 06/13/2024 69371RR81 (895,000.00) PACCAR FINANCIAL CORP

3.15 06/13/2024 100.000 3.15% 895,000.00 0.00 895,000.00 0.00 Maturity 06/14/2024 3135GA5Y3 (4,375,000.00)

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.375 06/14/2024
100.000 0.38% 4,375,000.00 0.00 4,375,000.00 0.00
Maturity 06/23/2024 40434CAD7 (3,000,000.00) HSBC USA INC 3.5 06/23/2024 100.000 3.50% 3,000,000.00 0.00 3,000,000.00 0.00 Total Maturity (8,270,000.00) 8,270,000.00 0.00 8,270,000.00 0.00 Sale 06/06/2024 3134GW3Z7 (500,000.00)

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025

93.982 0.60% 469,910.00 (316.67) 470,226.67 (30,090.00) Sale 06/11/2024 31846V203 (449,931.65) FIRST AMER:GVT OBLG Y 1.000 4.91% 449,931.65 0.00 449,931.65 0.00 Sale 06/18/2024 31846V203 (509,900.30) FIRST AMER:GVT OBLG Y 1.000 4.92% 509,900.30 0.00 509,900.30 0.00 Sale 06/28/2024 31846V203 (4,004,856.46) FIRST AMER:GVT OBLG Y 1.000 4.93% 4,004,856.46 0.00 4,004,856.46 0.00 Total Sale (5,464,688.41) 5,434,598.41 (316.67) 5,434,915.08 (30,090.00) TOTAL
DISPOSITIONS (13,734,688.41) 13,704,598.41 (316.67) 13,704,915.08 (30,090.00) OTHER
Call Redemption 06/13/2024 06406RBF3 (955,000.00)

BANK OF NEW YORK
MELLON CORP 3.43
06/13/2025
100.000 3.44% 955,000.00 0.00 955,000.00 0.00
Total Call
Redemption (955,000.00) 955,000.00 0.00 955,000.00 0.00 Coupon 06/06/2024 24422EWF2 0.00 JOHN DEERE CAPITAL
CORP 3.4 06/06/2025 3.41% 4,760.00 0.00 4,760.00 0.00
Coupon 06/08/2024 3130AXQK7 0.00 FEDERAL HOME LOAN
BANKS 4.75 12/08/2028 4.05% 56,736.11 0.00 56,736.11 0.00 460
CONFIDENTIAL | 11
City of Orange | Account #10888 | As of June 30, 2024
Execution Time: 07/05/2024 07:42:42 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 06/09/2024 3130AEB25 0.00 FEDERAL HOME LOAN
BANKS 3.25 06/09/2028 4.15% 32,500.00 0.00 32,500.00 0.00 Coupon 06/13/2024 69371RR81 0.00 PACCAR FINANCIAL CORP

3.15 06/13/2024 3.15% 14,096.25 0.00 14,096.25 0.00
Coupon 06/13/2024 06406RBF3 0.00

BANK OF NEW YORK
MELLON CORP 3.43
06/13/2025

3.44% 16,378.25 0.00 16,378.25 0.00
Coupon 06/14/2024 3135GA5Y3 0.00

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.375 06/14/2024

0.38% 8,203.13 0.00 8,203.13 0.00
Coupon 06/15/2024 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 5.07% 1,649.13 0.00 1,649.13 0.00
Coupon 06/15/2024 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2028 4.92% 1,420.42 0.00 1,420.42 0.00
Coupon 06/15/2024 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 4,558.00 0.00 4,558.00 0.00
Coupon 06/15/2024 02582JKD1 0.00 AMXCA 2023-3 A 5.23
09/15/2028 5.29% 4,598.04 0.00 4,598.04 0.00
Coupon 06/21/2024 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.10% 882.00 0.00 882.00 0.00
Coupon 06/21/2024 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.75% 1,559.25 0.00 1,559.25 0.00
Coupon 06/23/2024 40434CAD7 0.00 HSBC USA INC 3.5
06/23/2024 3.50% 51,916.67 0.00 51,916.67 0.00
Coupon 06/25/2024 05593AAC3 0.00 BMWLT 2023-1 A3 5.16
11/25/2025 5.22% 426.60 0.00 426.60 0.00
Coupon 06/25/2024 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.54% 866.08 0.00 866.08 0.00
Total Coupon 0.00 200,549.93 0.00 200,549.93 0.00
Custody Fee 06/25/2024 CCYUSD (673.51) Cash 0.00% (673.51) 0.00 (673.51) 0.00 Total Custody
Fee (673.51) (673.51) 0.00 (673.51) 0.00
Dividend 06/30/2024 31846V203 0.00 FIRST AMER:GVT OBLG Y 4.93% 4,643.69 0.00 4,643.69 0.00 Total Dividend 0.00 4,643.69 0.00 4,643.69 0.00
461
CONFIDENTIAL | 12
City of Orange | Account #10888 | As of June 30, 2024
Execution Time: 07/05/2024 07:42:42 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Management
Fee 06/10/2024 CCYUSD (6,233.15) Cash 0.00% (6,233.15) 0.00 (6,233.15) 0.00 Total
Management
Fee (6,233.15) (6,233.15) 0.00 (6,233.15) 0.00
Principal
Paydown 06/25/2024 05593AAC3 11,128.08 BMWLT 2023-1 A3 5.16 11/25/2025 5.22% 11,128.08 -- 11,128.08 (0.00)
Total Principal
Paydown 11,128.08 11,128.08 -- 11,128.08 (0.00)

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
121,890.41
55,556.22
5,031,022.60
(4,964,688.41)
121,890.41

0.00 8,980.16

0.00 0.00

0.00 8,980.16
8,980.16
CCYUSD Receivable
4,643.69
8,980.16

0.00 0.00
4,643.69

0.00 0.00

0.00 Total Cash & Equivalents 126,534.10
64,536.38
5,031,022.60
(4,964,688.41)
126,534.10

0.00 8,980.16

0.00 0.00

0.00 8,980.16 8,980.16

FIXED INCOME
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2028
06/07/2023
06/14/2023
350,000.00
349,975.06

0.00 0.00
349,975.58
757.56
1,420.42
757.56
1,420.42

0.52 0.00

0.52 1,420.94
1,420.94
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028
09/12/2023
09/19/2023
1,055,000.00
1,054,959.46

0.00 0.00
1,054,960.24
2,452.29
4,598.04
2,452.29
4,598.04

0.78 0.00

0.78 4,598.82
4,598.82
037833EB2 APPLE INC 0.7 02/08/2026
02/08/2021
02/08/2021
3,000,000.00
2,999,908.77

0.00 0.00
2,999,913.20
6,591.67

0.00 8,341.67
1,750.00

4.44 0.00

4.44 1,754.44
1,754.44
05522RDJ4 BACCT 2024-1 A 4.93
03/15/2029
06/06/2024
06/13/2024
505,000.00

0.00 504,971.67

0.00 504,971.96

0.00 0.00
1,244.83
1,244.83

0.29 0.00

0.29 1,245.12
1,245.12
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/11/2023
07/18/2023
190,000.00
189,972.71

0.00 0.00
189,973.31
173.22
866.08
173.22
866.08

0.60 0.00

0.00 (11,128.08)
88,079.04

85.32 426.60

75.75 417.03

0.20 0.00

0.20 417.23
417.23
06051GGF0 BANK OF AMERICA CORP

3.824 01/20/2028
06/27/2024
06/28/2024
1,250,000.00

0.00 1,206,175.00

0.00 1,206,315.46

0.00 (20,978.89)
21,377.22
398.33
140.46

0.00 140.46
538.80
538.80
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027
03/30/2023
03/31/2023
1,000,000.00
993,771.50

0.00 0.00
993,927.21
10,052.78

0.00 13,969.44
3,916.67
155.71

0.00 155.71
4,072.38
4,072.38
06406RBF3 BANK OF NEW YORK MELLON
CORP 3.43 06/13/2025
06/08/2022
06/13/2022

0.00 955,000.00

0.00 (955,000.00)

0.00 15,286.37
16,378.25

0.00 1,091.88

0.00 0.00

0.00 1,091.88
1,091.88
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
450,000.00

0.00 449,931.65

0.00 449,932.44

0.00 0.00
1,295.00
1,295.00

0.79 0.00

0.79 1,295.79
1,295.79
14913Q3B3

CATERPILLAR FINANCIAL
SERVICES CORP 2.15
11/08/2024
05/31/2022
06/02/2022
1,250,000.00
1,246,242.70

0.00 0.00
1,246,947.19
1,717.01

0.00 3,956.60
2,239.58
704.49

0.00 704.49
2,944.08
2,944.08
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,060,000.00
1,059,747.99

0.00 0.00
1,059,752.81
2,430.93
4,558.00
2,430.93
4,558.00

4.82 0.00

4.82 4,562.82
4,562.82
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
02/27/2024
02/29/2024
1,250,000.00
1,250,616.29

0.00 0.00
1,250,605.41
15,998.26

0.00 21,050.35
5,052.08

0.00 (10.88)
(10.88)
5,041.21
5,041.21
191216CL2 COCA-COLA CO 1.75
09/06/2024
09/20/2019
09/20/2019
3,000,000.00
2,998,114.04

0.00 0.00
2,998,697.32
12,395.83

0.00 16,770.83
4,375.00
583.29

3.4 06/06/2025
06/01/2022
06/06/2022
280,000.00
279,978.26

0.00 0.00
279,980.02
4,627.78
4,760.00
661.11
793.33

1.76 0.00

1.76 795.10
795.10
24422EXD6 JOHN DEERE CAPITAL CORP

5.15 09/08/2026
09/05/2023
09/08/2023
505,000.00
504,728.80

0.00 0.00
504,738.61
5,996.17

0.00 8,163.47
2,167.29

9.81 0.00

9.81 2,177.11
2,177.11
3130AEB25 FEDERAL HOME LOAN BANKS

3.25 06/09/2028
07/24/2023
07/25/2023
2,000,000.00
1,934,987.88

0.00 0.00
1,936,315.56
31,055.56
32,500.00
3,972.22
5,416.67
1,327.68

0.00 1,327.68
6,744.35
6,744.35
3130AMBG6 FEDERAL HOME LOAN BANKS

0.75 04/29/2025
05/04/2021
05/04/2021
5,000,000.00
5,000,000.00

0.00 0.00
5,000,000.00
3,333.33

0.00 6,458.33
3,125.00

0.00 0.00

0.00 3,125.00
3,125.00
3130ANA42 FEDERAL HOME LOAN BANKS

0.65 04/28/2025
07/28/2021
07/28/2021
4,000,000.00
4,000,000.00

0.00 0.00
4,000,000.00
8,883.33

0.00 11,050.00
2,166.67

0.00 0.00

0.00 2,166.67
2,166.67
3130ANDF4 FEDERAL HOME LOAN BANKS

0.9 07/29/2026
07/29/2021
07/29/2021
5,000,000.00
5,000,000.00

0.00 0.00
5,000,000.00
15,250.00

0.00 19,000.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
3130ATS57 FEDERAL HOME LOAN BANKS

4.5 03/10/2028
03/27/2023
03/28/2023
2,000,000.00
2,046,024.74

0.00 0.00
2,045,022.75
20,250.00

0.00 27,750.00
7,500.00

0.00 (1,001.99)
(1,001.99)
6,498.01
6,498.01
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028
01/29/2024
01/30/2024
2,000,000.00
2,056,454.15

0.00 0.00
2,055,428.33
54,888.89
56,736.11
6,069.44
7,916.67

0.00 (1,025.82)
(1,025.82)
6,890.85
6,890.85
3133EPCF0

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
03/02/2026
03/27/2023
03/28/2023
2,000,000.00
2,015,933.20

0.00 0.00
2,015,185.16
22,250.00

0.00 29,750.00
7,500.00

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
03/27/2023
03/28/2023
2,000,000.00
2,033,645.66

0.00 0.00
2,032,805.22
18,472.22

0.00 25,763.89
7,291.67

0.00 (840.44)
(840.44)
6,451.23
6,451.23
3133EPQC2

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.625
07/17/2026
07/28/2023
07/31/2023
2,000,000.00
1,998,752.09

0.00 0.00
1,998,800.33
34,430.56

0.00 42,138.89
7,708.33

48.24 0.00

48.24 7,756.58
7,756.58
3133ERDH1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
04/30/2029
04/29/2024
04/30/2024
2,100,000.00
2,104,188.29

0.00 0.00
2,104,118.25
8,589.58

0.00 16,902.08
8,312.50

0.00 (70.04)
(70.04)
8,242.46
8,242.46
3134GW3Z7

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025
10/28/2020
10/28/2020
8,500,000.00
9,000,000.00

0.00 (500,000.00)
8,500,000.00
4,950.00
316.67
8,925.00
4,291.67

0.00 0.00

0.00 4,291.67
4,291.67
3134GWVE3

FEDERAL HOME LOAN
MORTGAGE CORP 0.4
09/25/2024
11/19/2020
11/19/2020
4,575,000.00
4,574,886.76

0.00 0.00
4,574,916.05
3,355.00

0.00 4,880.00
1,525.00

29.29 0.00

29.29 1,554.29
1,554.29
3135GA4W8

FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
02/18/2025
11/20/2020
11/20/2020
3,950,000.00
3,950,000.00

0.00 0.00
3,950,000.00
5,650.69

0.00 7,296.53
1,645.83

0.00 0.00

0.00 1,645.83
1,645.83
3135GA5Y3

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.375 06/14/2024
12/14/2020
12/14/2020

0.00 4,375,000.00

0.00 (4,375,000.00)

0.00 7,610.68
8,203.13

0.00 592.45

0.00 0.00

0.00 592.45
592.45
40434CAD7 HSBC USA INC 3.5
06/23/2024
12/10/2019
12/10/2019

0.00 3,002,322.15

0.00 (3,000,000.00)

0.00 45,208.33
51,916.67

0.00 6,708.34

0.00 (2,322.15)
(2,322.15)
4,386.19
4,386.19
437076DC3 HOME DEPOT INC 4.75
06/25/2029
06/27/2024
06/28/2024
1,250,000.00

0.00 1,245,987.50

0.00 1,245,994.10

0.00 (494.79)
989.58
494.79

6.60 0.00

0.00 0.00
329,950.02
519.75
1,559.25
519.75
1,559.25

1.03 0.00

1.03 1,560.28
1,560.28
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027
02/16/2023
02/24/2023
210,000.00
209,972.89

0.00 0.00
209,973.66
294.00
882.00
294.00
882.00

0.77 0.00

0.77 882.77
882.77
4581X0EK0

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
06/27/2023
07/06/2023
1,720,000.00
1,719,095.50

0.00 0.00
1,719,133.56
3,440.00

0.00 9,890.00
6,450.00

38.06 0.00

38.06 6,488.06
6,488.06
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
07/24/2023
07/26/2023
2,000,000.00
1,948,950.23

0.00 0.00
1,949,969.86
27,027.78

0.00 32,861.11
5,833.33
1,019.64

0.00 1,019.64
6,852.97
6,852.97
46647PBK1 JPMORGAN CHASE & CO

2.083 04/22/2026
05/31/2022
06/02/2022
1,250,000.00
1,230,585.40

0.00 0.00
1,232,377.52
2,820.73

0.00 4,990.52
2,169.79
1,792.12

0.00 1,792.12
3,961.91
3,961.91
47786WAD2 JDOT 2024-B A3 5.2
03/15/2029
06/11/2024
06/18/2024
510,000.00

0.00 509,900.30

0.00 509,901.05

0.00 0.00
957.67
957.67

0.75 0.00

0.75 958.42
958.42
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
395,000.00
394,947.16

0.00 0.00
394,948.42
879.53
1,649.13
879.53
1,649.13

1.26 0.00

1.26 1,650.39
1,650.39
61747YET8 MORGAN STANLEY 4.679
07/17/2026
12/28/2022
12/30/2022
775,000.00
770,308.33

0.00 0.00
770,650.79
13,497.62

0.00 16,519.47
3,021.85
342.46

0.00 342.46
3,364.31
3,364.31
63743HFF4

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.45 10/30/2025
10/20/2022
10/31/2022
495,000.00
494,687.43

0.00 0.00
494,705.61
2,323.06

0.00 4,571.19
2,248.13

18.17 0.00

3.15 06/13/2024
06/06/2022
06/13/2022

0.00 894,996.62

0.00 (895,000.00)

0.00 13,156.50
14,096.25

0.00 939.75

3.38 0.00

3.38 943.13
943.13
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
03/27/2024
03/28/2024
1,200,000.00
1,194,879.22

0.00 0.00
1,194,969.32
18,553.33

0.00 23,153.33
4,600.00

90.10 0.00

90.10 4,690.10
4,690.10
713448FL7 PEPSICO INC 3.6 02/18/2028
03/27/2024
03/28/2024
1,500,000.00
1,454,895.50

0.00 0.00
1,455,892.65
15,450.00

0.00 19,950.00
4,500.00
997.15

0.00 997.15
5,497.15
5,497.15
713448FQ6 PEPSICO INC 4.55 02/13/2026
02/13/2023
02/15/2023
195,000.00
194,935.70

0.00 0.00
194,938.80
2,661.75

0.00 3,401.13
739.38

3.10 0.00

3.10 742.48
742.48
713448FW3 PEPSICO INC 5.125
11/10/2026
11/08/2023
11/10/2023
380,000.00
379,916.50

0.00 0.00
379,919.31
1,136.04

0.00 2,758.96
1,622.92

2.81 0.00

2.81 1,625.73
1,625.73
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028
03/30/2023
03/31/2023
1,000,000.00
998,482.15

0.00 0.00
998,516.65
18,919.44

0.00 23,002.78
4,083.33

34.50 0.00

34.50 4,117.83
4,117.83
89236THP3 TOYOTA MOTOR CREDIT
CORP 0.8 10/16/2025
11/19/2020
11/19/2020
5,000,000.00
5,007,003.35

0.00 0.00
5,006,584.82
5,000.00

0.00 8,333.33
3,333.33

0.00 (418.53)
(418.53)
2,914.81
2,914.81
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026
02/13/2023
02/21/2023
470,000.00
469,821.69

0.00 0.00
469,830.18
6,201.39

0.00 8,061.81
1,860.42

8.49 0.00

8.49 1,868.91
1,868.91
912810FE3 UNITED STATES TREASURY 5.5
08/15/2028
04/29/2024
04/30/2024
2,100,000.00
2,172,241.07

0.00 0.00
2,170,830.11
33,951.92

0.00 43,471.15
9,519.23

2.875 05/15/2028
07/31/2023
07/31/2023
2,000,000.00
1,903,690.36

0.00 0.00
1,905,691.25
2,656.25

0.00 7,343.75
4,687.50
2,000.89

0.00 2,000.89
6,688.39
6,688.39
9128285M8 UNITED STATES TREASURY

3.125 11/15/2028
12/28/2023
12/29/2023
2,000,000.00
1,940,721.93

0.00 0.00
1,941,814.27
2,887.23

0.00 7,982.34
5,095.11
1,092.35

0.00 1,092.35
6,187.46
6,187.46
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
09/30/2021
09/30/2021
3,000,000.00
2,990,933.95

0.00 0.00
2,991,253.55
4,446.72

0.00 6,598.36
2,151.64
319.60

0.00 319.60
2,471.24
2,471.24
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028
06/13/2024
06/14/2024
2,200,000.00

0.00 2,135,203.13

0.00 2,135,981.06

0.00 (9,415.76)
12,972.83
3,557.07
777.93

0.00 777.93
4,334.99
4,334.99
91282CJF9 UNITED STATES TREASURY

4.875 10/31/2028
05/28/2024
05/29/2024
2,200,000.00
2,226,591.17

0.00 0.00
2,226,096.61
9,326.09

0.00 18,069.29
8,743.21

0.00 (494.57)
(494.57)
8,248.64
8,248.64
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
03/27/2024
03/28/2024
2,200,000.00
2,206,377.97

0.00 0.00
2,206,267.56
23,629.08

0.00 31,251.36
7,622.28

0.00 (110.41)
(110.41)
7,511.87
7,511.87
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
05/28/2024
05/29/2024
2,200,000.00
2,161,222.20

0.00 0.00
2,161,881.69
15,372.95

0.00 22,811.48
7,438.52
659.49

0.00 659.49
8,098.01
8,098.01
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029
06/27/2024
06/28/2024
1,500,000.00

0.00 1,520,097.66

0.00 1,520,063.54

0.00 (11,122.62)
11,688.18
565.56

0.00 (34.12)
(34.12)
531.44
531.44
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/13/2024
06/14/2024
2,200,000.00

0.00 2,224,578.13

0.00 2,224,347.54

0.00 (3,786.89)
8,385.25
4,598.36

5.15 10/15/2025
12/28/2022
12/30/2022
775,000.00
780,786.06

0.00 0.00
780,439.59
5,099.93

0.00 8,425.97
3,326.04

0.00 (346.47)
(346.47)
2,979.57
2,979.57
91324PEU2 UNITEDHEALTH GROUP INC

4.25 01/15/2029
05/28/2024
05/29/2024
1,000,000.00
967,238.19

0.00 0.00
967,820.11
16,055.56

0.00 19,597.22
3,541.67
581.91

0.00 581.91
4,123.58
4,123.58
Total Fixed Income 102,413,080.10
102,117,646.95
9,796,845.04
(9,736,128.08)
102,182,104.67
608,050.01
155,067.65
672,407.97
219,425.61
12,805.75
(9,064.99)
3,740.76
223,166.37 223,166.37
TOTAL PORTFOLIO 102,539,614.20
102,182,183.33
14,827,867.64
(14,700,816.49)
102,308,638.77
608,050.01
164,047.81
672,407.97
228,405.77
12,805.75
(9,064.99)
3,740.76
232,146.53 232,146.53
470
CONFIDENTIAL | 21
City of Orange | Account #10888 | As of June 30, 2024
Execution Time: 07/05/2024 07:42:42 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JULY 2024
07/01/2024 Dividend 31846V203 0.00 4,643.69 4,643.69
07/12/2024 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
07/12/2024 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 07/15/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 07/15/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 07/15/2024 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 03/15/2029 2,213.02 2,213.02 07/15/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 07/15/2024 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,191.73 2,191.73 07/15/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 07/15/2024 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 07/17/2024 Coupon 3133EPQC2 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.625 07/17/2026 46,250.00 46,250.00
07/17/2024 Coupon 61747YET8 775,000.00 MORGAN STANLEY 4.679 07/17/2026 18,131.13 18,131.13 07/22/2024 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 07/22/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 07/22/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 07/25/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 07/25/2024 Coupon 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 378.74 378.74 07/25/2024 Principal Paydown 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 14,979.20 14,979.20 07/25/2024 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,849.00 2,849.00 07/29/2024 Coupon 3130ANA42 4,000,000.00 FEDERAL HOME LOAN BANKS 0.65 04/28/2025 13,000.00 13,000.00 07/29/2024 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 07/31/2024 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 July 2024 Total 19,622.89 255,296.53 274,919.42
AUGUST 2024
08/08/2024 Coupon 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 10,500.00 10,500.00 08/13/2024 Coupon 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 4,436.25 4,436.25 08/15/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 08/15/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 08/15/2024 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 03/15/2029 2,074.71 2,074.71 471
CONFIDENTIAL | 22
City of Orange | Account #10888 | As of June 30, 2024
Execution Time: 07/05/2024 07:42:42 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/15/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 08/15/2024 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,435.25 2,435.25 08/15/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 08/15/2024 Coupon 912810FE3 2,100,000.00 UNITED STATES TREASURY 5.5 08/15/2028 57,750.00 57,750.00 08/19/2024 Coupon 3135GA4W8 3,950,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 02/18/2025 9,875.00 9,875.00
08/19/2024 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 08/21/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 08/21/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 08/21/2024 Coupon 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 11,162.50 11,162.50 08/26/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 08/26/2024 Coupon 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 314.33 314.33 08/26/2024 Principal Paydown 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 13,165.44 13,165.44 08/26/2024 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 08/26/2024 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 August 2024 Total 13,165.44 173,335.96 186,501.40
SEPTEMBER 2024
09/03/2024 Coupon 3133EPCF0 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/02/2026 45,000.00 45,000.00
09/03/2024 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 09/06/2024 Coupon 191216CL2 3,000,000.00 COCA-COLA CO 1.75 09/06/2024 26,250.00 26,250.00 09/06/2024 Final Maturity 191216CL2 3,000,000.00 COCA-COLA CO 1.75 09/06/2024 3,000,000.00 3,000,000.00 09/09/2024 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 09/10/2024 Coupon 3130ATS57 2,000,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 45,000.00 45,000.00 09/16/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 09/16/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 09/16/2024 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 03/15/2029 2,074.71 2,074.71 09/16/2024 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 09/16/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 09/16/2024 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
09/16/2024 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,435.25 2,435.25 472
CONFIDENTIAL | 23
City of Orange | Account #10888 | As of June 30, 2024
Execution Time: 07/05/2024 07:42:42 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/16/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 09/23/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 09/23/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 09/25/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 09/25/2024 Coupon 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 257.72 257.72 09/25/2024 Principal Paydown 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 12,030.20 12,030.20 09/25/2024 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 09/25/2024 Coupon 3134GWVE3 4,575,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.4 09/25/2024 9,150.00 9,150.00
09/25/2024 Final Maturity 3134GWVE3 4,575,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.4 09/25/2024 4,575,000.00 4,575,000.00
09/30/2024 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 09/30/2024 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 September 2024
Total 7,587,030.20 333,146.85 7,920,177.05
OCTOBER 2024
10/15/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 10/15/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 10/15/2024 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 03/15/2029 2,074.71 2,074.71 10/15/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 10/15/2024 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,435.25 2,435.25 10/15/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 10/15/2024 Coupon 91324PEN8 775,000.00 UNITEDHEALTH GROUP INC 5.15 10/15/2025 19,956.25 19,956.25 10/16/2024 Coupon 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 20,000.00 20,000.00 10/21/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 10/21/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 10/22/2024 Coupon 46647PBK1 1,250,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 13,018.75 13,018.75 10/25/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 10/25/2024 Coupon 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 205.99 205.99 10/25/2024 Principal Paydown 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 11,326.73 11,326.73 10/25/2024 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 473
CONFIDENTIAL | 24
City of Orange | Account #10888 | As of June 30, 2024
Execution Time: 07/05/2024 07:42:42 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/28/2024 Coupon 3134GW3Z7 8,500,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 25,500.00 25,500.00
10/29/2024 Coupon 3130AMBG6 5,000,000.00 FEDERAL HOME LOAN BANKS 0.75 04/29/2025 18,750.00 18,750.00 10/30/2024 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
10/30/2024 Coupon 63743HFF4 495,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.45 10/30/2025 13,488.75 13,488.75
10/31/2024 Coupon 91282CHA2 2,200,000.00 UNITED STATES TREASURY 3.5 04/30/2028 38,500.00 38,500.00 10/31/2024 Coupon 91282CJF9 2,200,000.00 UNITED STATES TREASURY 4.875 10/31/2028 53,625.00 53,625.00 10/31/2024 Coupon 91282CKP5 1,500,000.00 UNITED STATES TREASURY 4.625 04/30/2029 34,687.50 34,687.50 October 2024
Total 11,326.73 309,592.62 320,919.34
NOVEMBER 2024
11/08/2024 Coupon 14913Q3B3 1,250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 2.15 11/08/2024 13,437.50 13,437.50
11/08/2024 Final Maturity 14913Q3B3 1,250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 2.15 11/08/2024 1,250,000.00 1,250,000.00
11/12/2024 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 11/15/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 11/15/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 11/15/2024 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 03/15/2029 2,074.71 2,074.71 11/15/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 11/15/2024 Coupon 4581X0EK0 1,720,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.5 05/15/2026 38,700.00 38,700.00
11/15/2024 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,435.25 2,435.25 11/15/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 11/15/2024 Coupon 9128284N7 2,000,000.00 UNITED STATES TREASURY 2.875 05/15/2028 28,750.00 28,750.00 11/15/2024 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 11/21/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 11/21/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 11/25/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 11/25/2024 Coupon 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 157.29 157.29 11/25/2024 Principal Paydown 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 11,983.49 11,983.49 474
CONFIDENTIAL | 25
City of Orange | Account #10888 | As of June 30, 2024
Execution Time: 07/05/2024 07:42:42 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/25/2024 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 November 2024
Total 1,261,983.49 144,017.66 1,406,001.15
DECEMBER 2024
12/02/2024 Coupon 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 12/06/2024 Coupon 24422EWF2 280,000.00 JOHN DEERE CAPITAL CORP 3.4 06/06/2025 4,760.00 4,760.00 12/09/2024 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 12/09/2024 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 12/16/2024 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 12/16/2024 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 12/16/2024 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 03/15/2029 2,074.71 2,074.71 12/16/2024 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 12/16/2024 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,435.25 2,435.25 12/16/2024 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 12/23/2024 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 12/23/2024 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 882.00 882.00 12/23/2024 Principal Paydown 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 9,704.45 9,704.45 12/25/2024 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 12/25/2024 Coupon 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 105.76 105.76 12/25/2024 Principal Paydown 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 12,343.15 12,343.15 12/26/2024 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 12/26/2024 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 December 2024
Total 22,047.60 186,038.63 208,086.23
JANUARY 2025
01/13/2025 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
01/13/2025 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 01/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 01/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 01/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 03/15/2029 2,074.71 2,074.71 01/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 475
CONFIDENTIAL | 26
City of Orange | Account #10888 | As of June 30, 2024
Execution Time: 07/05/2024 07:42:42 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,435.25 2,435.25 01/15/2025 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,649.13 1,649.13 01/15/2025 Principal Paydown 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 19,744.09 19,744.09 01/15/2025 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 01/17/2025 Coupon 3133EPQC2 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.625 07/17/2026 46,250.00 46,250.00
01/17/2025 Coupon 61747YET8 775,000.00 MORGAN STANLEY 4.679 07/17/2026 18,131.13 18,131.13 01/21/2025 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 01/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 01/21/2025 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 841.24 841.24 01/21/2025 Principal Paydown 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 13,557.58 13,557.58 01/27/2025 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 01/27/2025 Coupon 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 52.68 52.68 01/27/2025 Principal Paydown 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 11,699.26 11,699.26 01/27/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 01/28/2025 Coupon 3130ANA42 4,000,000.00 FEDERAL HOME LOAN BANKS 0.65 04/28/2025 13,000.00 13,000.00 01/29/2025 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 01/31/2025 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 January 2025 Total 45,000.93 254,128.42 299,129.35
FEBRUARY 2025
02/10/2025 Coupon 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 10,500.00 10,500.00 02/13/2025 Coupon 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 4,436.25 4,436.25 02/17/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 03/15/2029 2,074.71 2,074.71 02/17/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 02/17/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,435.25 2,435.25 02/17/2025 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,566.69 1,566.69 02/17/2025 Principal Paydown 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 20,720.73 20,720.73 02/18/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 02/18/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 02/18/2025 Coupon 3135GA4W8 3,950,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/18/2025 Final Maturity 3135GA4W8 3,950,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 02/18/2025 3,950,000.00 3,950,000.00
02/18/2025 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 02/18/2025 Coupon 912810FE3 2,100,000.00 UNITED STATES TREASURY 5.5 08/15/2028 57,750.00 57,750.00 02/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 02/21/2025 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 784.30 784.30 02/21/2025 Principal Paydown 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 13,357.20 13,357.20 02/21/2025 Coupon 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 11,162.50 11,162.50 02/25/2025 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 02/25/2025 Coupon 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 2.38 2.38 02/25/2025 Effective Maturity 05593AAC3 88,080.10 BMWLT 2023-1 A3 5.16 11/25/2025 552.64 552.64 02/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 02/26/2025 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 02/28/2025 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 February 2025
Total 3,984,630.58 219,593.87 4,204,224.45
MARCH 2025
03/03/2025 Coupon 3133EPCF0 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/02/2026 45,000.00 45,000.00
03/10/2025 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 03/10/2025 Coupon 3130ATS57 2,000,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 45,000.00 45,000.00 03/14/2025 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 03/17/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 03/17/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 03/17/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 03/15/2029 2,074.71 2,074.71 03/17/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 03/17/2025 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
03/17/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,435.25 2,435.25 03/17/2025 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,480.18 1,480.18 03/17/2025 Principal Paydown 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 18,822.60 18,822.60 03/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 477
CONFIDENTIAL | 28
City of Orange | Account #10888 | As of June 30, 2024
Execution Time: 07/05/2024 07:42:42 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/21/2025 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 728.20 728.20 03/21/2025 Principal Paydown 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 12,958.47 12,958.47 03/25/2025 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 866.08 866.08 03/25/2025 Principal Paydown 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 4,193.66 4,193.66 03/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 03/31/2025 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 03/31/2025 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 March 2025 Total 35,974.73 250,416.38 286,391.11
APRIL 2025
04/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 04/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 04/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 03/15/2029 2,074.71 2,074.71 04/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 04/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,435.25 2,435.25 04/15/2025 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,401.60 1,401.60 04/15/2025 Principal Paydown 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 22,696.98 22,696.98 04/15/2025 Coupon 91324PEN8 775,000.00 UNITEDHEALTH GROUP INC 5.15 10/15/2025 19,956.25 19,956.25 04/16/2025 Coupon 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 20,000.00 20,000.00 04/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 04/21/2025 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 673.77 673.77 04/21/2025 Principal Paydown 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 13,322.15 13,322.15 04/22/2025 Coupon 46647PBK1 1,250,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 13,018.75 13,018.75 04/22/2025 Effective Maturity 46647PBK1 1,250,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 1,250,000.00 1,250,000.00 04/25/2025 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 846.97 846.97 04/25/2025 Principal Paydown 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 11,326.21 11,326.21 04/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 04/28/2025 Coupon 3130ANA42 4,000,000.00 FEDERAL HOME LOAN BANKS 0.65 04/28/2025 6,500.00 6,500.00 04/28/2025 Final Maturity 3130ANA42 4,000,000.00 FEDERAL HOME LOAN BANKS 0.65 04/28/2025 4,000,000.00 4,000,000.00 04/28/2025 Coupon 3134GW3Z7 8,500,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 25,500.00 25,500.00
04/29/2025 Coupon 3130AMBG6 5,000,000.00 FEDERAL HOME LOAN BANKS 0.75 04/29/2025 18,750.00 18,750.00 04/29/2025 Final Maturity 3130AMBG6 5,000,000.00 FEDERAL HOME LOAN BANKS 0.75 04/29/2025 5,000,000.00 5,000,000.00 478
CONFIDENTIAL | 29
City of Orange | Account #10888 | As of June 30, 2024
Execution Time: 07/05/2024 07:42:42 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/30/2025 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
04/30/2025 Coupon 63743HFF4 495,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.45 10/30/2025 13,488.75 13,488.75
04/30/2025 Coupon 91282CHA2 2,200,000.00 UNITED STATES TREASURY 3.5 04/30/2028 38,500.00 38,500.00 04/30/2025 Coupon 91282CJF9 2,200,000.00 UNITED STATES TREASURY 4.875 10/31/2028 53,625.00 53,625.00 04/30/2025 Coupon 91282CKP5 1,500,000.00 UNITED STATES TREASURY 4.625 04/30/2029 34,687.50 34,687.50 April 2025 Total 10,297,345.34 315,411.76 10,612,757.10 MAY 2025
05/12/2025 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 05/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,420.42 1,420.42 05/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 05/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 03/15/2029 2,074.71 2,074.71 05/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 05/15/2025 Coupon 4581X0EK0 1,720,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.5 05/15/2026 38,700.00 38,700.00
05/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,435.25 2,435.25 05/15/2025 Coupon 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 1,306.84 1,306.84 05/15/2025 Principal Paydown 47800CAC0 395,000.00 JDOT 2023 A3 5.01 11/15/2027 21,924.68 21,924.68 05/15/2025 Coupon 9128284N7 2,000,000.00 UNITED STATES TREASURY 2.875 05/15/2028 28,750.00 28,750.00 05/15/2025 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 05/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 05/21/2025 Coupon 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 617.82 617.82 05/21/2025 Principal Paydown 43815JAC7 210,000.00 HAROT 2023-1 A3 5.04 04/21/2027 12,820.83 12,820.83 05/26/2025 Coupon 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 795.34 795.34 05/26/2025 Principal Paydown 05592XAD2 190,000.00 BMWOT 2023-A A3 5.47 02/25/2028 10,762.96 10,762.96 05/27/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 May 2025 Total 45,508.47 129,745.67 175,254.14
Grand Total 265,829,281.65 23,323,636.39 2,570,724.35 25,894,360.74 479
CONFIDENTIAL | 30
City of Orange | Account #10888 | As of June 30, 2024
Execution Time: 07/05/2024 07:42:42 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

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

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P , Moody’s and Fitch respectively. 480
CONFIDENTIAL | 31
City of Orange | Account #10888 | As of June 30, 2024
Execution Time: 07/05/2024 07:42:42 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

1. SUBJECT
School Crossing Guard Program Discussion and Update.

2. SUMMARY
As a part of the Fiscal Year 2024-2025 budget process, the City Council requested that each department bring back potential service reductions for City Council consideration. The Orange Police Department, among other service reductions, included the School Crossing Guard Program as a potential service reduction which was approved by the City Council on June 11, 2024. Per the City Council’sdirection on August 27, 2024, this item is being brought back for City Council discussion and direction.

3. RECOMMENDED ACTION
Provide direction to staff on reinstituting funding of the School Crossing Guard Program and consider contracting services for hiring, staffing, and management of the program.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 1: Provide for a safe community.
a: Provide staffing and resources to deliver services that ensure public safety.

6. DISCUSSION AND BACKGROUND
Due to current budget constraints, the Orange Police Department was asked to make a 10% budget reduction for Fiscal Year 2024-2025. These reductions included the School Crossing Guard Program (Program) in the amount of $425,000. During the June 11, 2024 City Council meeting, the Council voted (5-2) to eliminate the Program from the City budget effective July 1, 2024. Notifications to the affected employees and Orange Unified School District (OUSD) began immediately.

The Program has been in effect since December 21, 1971, when the City Administrative Manual, General, and Miscellaneous Section, Number V-B-1 (Section), described the criteria for school crossing guards. The Section explains how the responsibility for the safety of school children walking to and from school rests with parents; however, an adult crossing guard supervised by the Orange Police Department may be assigned to certain intersections. The Section further indicates crossing City of Orange Printed on 9/5/2024Page 1 of 4
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Police Department may be assigned to certain intersections. The Section further indicates crossing guards should only be provided for elementary schools. Prior to a crossing guard being assigned, the intersection must meet several requirements to qualify. There were initially 46 approved crossing guard locations.

California law does not require a municipality to provide crossing guards for students walking to and from schools. California Vehicle Code 21100 states local authorities “may” adopt rules and regulations by ordinance regarding the appointment of nonstudent school crossing guards for the protection of persons who are crossing a street or highway in the vicinity of a school. Recently many California municipalities disbanded their crossing guard programs and have outsourced to private companies.

The Orange Police Department identified 39 crossing guard locations for the 16 elementary schools within the City. The Police Department hired employees and managed the Program, attempting to fill every location. Since the 2018 OUSD academic year, the Orange Police Department has fluctuated crossing guard locations based on unfilled positions due to lack of personnel (Attachment). Below is a graph showing how many positions were deemed “filled”at the beginning of the school year. “Filled”means at some point during the school year, the location was staffed, and a crossing guard was paid for their services. 700 or more hours equates to an employee who worked their full allotted shift.

SCHOOL YEAR POSITIONS FILLED 700+ Hours 600+ Hours
2018 27 N/A N/A
2019 21 N/A N/A
2021-2022 22 10 6
2022-2023 22 7 13
2023-2024 19 6 10
Since at least 2018, crossing guards were assigned to work two hours in the morning and two hours in the afternoon, Monday through Friday, when school was in session. The pay scale for crossing guards ranged between $17.57 - $19.40 per hour. It requires physical abilities of walking, standing, and holding up a stop sign during all types of inclement weather. Due to the split work schedule, low pay, lack of flexibility, and working conditions, the City has had a difficult time staffing the crossing guard positions.

Since September 2019, the Police Department has opened six different recruitments for the position of crossing guard for a combined total of 565 days. During that time, we received 185 applications of which 26 were invited to an interview and only two applicants were hired. Since August 2021, the Police Department has opened three different recruitments for a Crossing Guard Supervisor for a combined total of 389 days. During that time, we only received 50 applications of which four were interviewed and none of the applicants were qualified for the position.

During the 2022-2023 school year, there were 22 part-time crossing guards for 39 designated locations, with 17 vacancies. Moreover, during the 2023-2024 school year, there were 22 crossing guards, of which three were inactive, reducing the number of crossing guards to 19. Due to personal City of Orange Printed on 9/5/2024Page 2 of 4
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guards, of which three were inactive, reducing the number of crossing guards to 19. Due to personal and medical issues, the number of crossing guards continued to decline and eventually settled at 16 crossing guards. Several examples exist of locations where there was minimal crossing guard coverage. When there’s an extended leave of absence or sick call, there are no substitutions available. Below is a graph showing the intersections where there were approximately 500 hours or less of crossing guard coverage for intersections deemed “filled”at the beginning of the school year.

This is in addition to intersections deemed “vacant.”

SCHOOL YEAR INTERSECTION HOURS
2021-2022 Glassell/Wilson 454
2021-2022 Tustin/Palmyra 176
2021-2022 Santiago/Serrano 34
2022-2023 Glassell/Wilson 505.25
2023-2024 Canyon View/Aspen 442.50
2023-2024 Prospect/Palmyra 502.50
2023-2024 Cannon/San Juan 421.50
Many of the crossing guards were retired from their primary careers. It was a common occurrence for crossing guards to call out sick, miss a shift for a doctor’sappointment, and be unable to perform their job duties as trained. When a crossing guard was unable to work their shift, other guards were resistant to moving their locations and adjusting to provide better coverage. Several crossing guards quit or were unable to return to work due to medical issues. Other crossing guards left to obtain higher paying jobs with more hours. These factors made hiring, retaining, and supervising crossing guards difficult and led to staffing inconsistencies. Orange Police Department personnel has spoken to OUSD officials several times about them assisting with funding or assuming the Program.

The effectiveness of the previous Program was limited due to factors listed in this report. Should the City Council choose to reengage in crossing guard staffing, the only efficient and proven option is outsourcing.

To evaluate options, Orange Police Department personnel contacted All City Management Services (ACMS), who currently provides crossing guard services for several Orange County agencies and requested a quote to provide service to Orange. As a full-service contractor, ACMS’ hourly rate includes the cost of labor, recruitment, background checks, training, equipment, and supervision.

ACMS provided a quote for 16 crossing guards, compensated 4 hours a day for 180 days with a rate of $32.81 per hour, for a total annual not-to-exceed cost of $377,971. ACMS also provided a second quote for 39 crossing guards, compensated 4 hours a day for 180 days with a rate of $30.47 per hour, for a total annual not-to-exceed cost of $855,598.

ACMS is the only local company that exclusively provides private crossing guard services. ACMS currently employs over 8,500 crossing guards, serving over 314 clients. Noted below is a survey of crossing guard programs for surrounding police agencies noting the service provider and funding source:
· Anaheim PD - ACMS / City Budget
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· Brea PD - ACMS / Police Budget
· Buena Park PD - ACMS / Police Budget
· Costa Mesa PD - ACMS / School District Budget
· Cypress PD - ACMS / City Budget
· Fountain Valley PD - ACMS / City Budget
· Fullerton PD - ACMS / Police Budget
· Garden Grove PD - ACMS / Police Budget
· Huntington Beach PD - ACMS / Police Budget
· Irvine PD - City employees / Police Budget
· La Habra PD - City employees / City Budget
· La Palma PD - ACMS / Police Budget
· Laguna Beach PD - ACMS / School District Budget
· Los Alamitos PD - ACMS / Police Budget
· Newport Beach PD - ACMS / School District Budget
· Orange County Sheriff Department - ACMS / Yorba Linda, Stanton, Villa Park, unincorporated Orange at intersections of Hewes/Walnut; Hewes/Spring; Esplanade/Spring
· Placentia PD - ACMS / 5 positions Police Budget and 6 positions School District · Santa Ana PD - ACMS / Public Works Budget
· Seal Beach PD - City employees / Police Budget
· Tustin PD - ACMS / Police Budget
· Westminster PD - City employees / Community Services Budget

7. ATTACHMENTS
· Guard Locations
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Agenda Item
City Council
Item #: 9.2. 9/10/2024 File #: 24-0532
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Dan Adams, Chief of Police

1. SUBJECT
School Crossing Guard Program Discussion and Update.

3. RECOMMENDED ACTION
Provide direction to staff on reinstituting funding of the School Crossing Guard Program and consider contracting services for hiring, staffing, and management of the program.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 1: Provide for a safe community.
a: Provide staffing and resources to deliver services that ensure public safety.

The Program has been in effect since December 21, 1971, when the City Administrative Manual, General, and Miscellaneous Section, Number V-B-1 (Section), described the criteria for school crossing guards. The Section explains how the responsibility for the safety of school children walking to and from school rests with parents; however, an adult crossing guard supervised by the Orange Police Department may be assigned to certain intersections. The Section further indicates crossing City of Orange Printed on 9/5/2024Page 1 of 4
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Police Department may be assigned to certain intersections. The Section further indicates crossing guards should only be provided for elementary schools. Prior to a crossing guard being assigned, the intersection must meet several requirements to qualify. There were initially 46 approved crossing guard locations.

During the 2022-2023 school year, there were 22 part-time crossing guards for 39 designated locations, with 17 vacancies. Moreover, during the 2023-2024 school year, there were 22 crossing guards, of which three were inactive, reducing the number of crossing guards to 19. Due to personal City of Orange Printed on 9/5/2024Page 2 of 4
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guards, of which three were inactive, reducing the number of crossing guards to 19. Due to personal and medical issues, the number of crossing guards continued to decline and eventually settled at 16 crossing guards. Several examples exist of locations where there was minimal crossing guard coverage. When there’s an extended leave of absence or sick call, there are no substitutions available. Below is a graph showing the intersections where there were approximately 500 hours or less of crossing guard coverage for intersections deemed “filled”at the beginning of the school year.

This is in addition to intersections deemed “vacant.”

ACMS is the only local company that exclusively provides private crossing guard services. ACMS currently employs over 8,500 crossing guards, serving over 314 clients. Noted below is a survey of crossing guard programs for surrounding police agencies noting the service provider and funding source:
· Anaheim PD - ACMS / City Budget
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· Brea PD - ACMS / Police Budget
· Buena Park PD - ACMS / Police Budget
· Costa Mesa PD - ACMS / School District Budget
· Cypress PD - ACMS / City Budget
· Fountain Valley PD - ACMS / City Budget
· Fullerton PD - ACMS / Police Budget
· Garden Grove PD - ACMS / Police Budget
· Huntington Beach PD - ACMS / Police Budget
· Irvine PD - City employees / Police Budget
· La Habra PD - City employees / City Budget
· La Palma PD - ACMS / Police Budget
· Laguna Beach PD - ACMS / School District Budget
· Los Alamitos PD - ACMS / Police Budget
· Newport Beach PD - ACMS / School District Budget
· Orange County Sheriff Department - ACMS / Yorba Linda, Stanton, Villa Park, unincorporated Orange at intersections of Hewes/Walnut; Hewes/Spring; Esplanade/Spring
· Placentia PD - ACMS / 5 positions Police Budget and 6 positions School District · Santa Ana PD - ACMS / Public Works Budget
· Seal Beach PD - City employees / Police Budget
· Tustin PD - ACMS / Police Budget
· Westminster PD - City employees / Community Services Budget

7. ATTACHMENTS
· Guard Locations
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GUARD LOCATIONS

2023-2024 2023-2024 2022-2023 2021-2022 2019 2018

Almond & Batavia
West Orange School
997-6283

FILLED FILLED FILLED FILLED FILLED
Almond & Main
West Orange School
997-6283

VACANT VACANT VACANT VACANT VACANT
Almond & Pepper
West Orange School
997-6283

FILLED FILLED FILLED FILLED FILLED
California Quincy ***
California School
997-6104

FILLED FILLED FILLED FILLED FILLED
Cambridge & Adams
California School
997-6104

VACANT VACANT VACANT FILLED FILLED
Cambridge & Collins
California School
997-6104

VACANT VACANT VACANT FILLED FILLED
Cambridge & Glendale
Taft School
997- 6254

FILLED FILLED FILLED FILLED FILLED
Cambridge & Katella
California School
997-6104

VACANT VACANT VACANT VACANT VACANT
Cambridge & Palmyra
Palmyra School
997-6207

VACANT VACANT VACANT FILLED VACANT
Cambridge & Sycamore
Cambridge School
997-6103

FILLED FILLED FILLED VACANT FILLED
Cambridge & Walnut
Cambridge School
997-6103

FILLED FILLED FILLED VACANT FILLED
490
Cannon & San Juan
Linda Vista School
997-6201

VACANT VACANT VACANT VACANT FILLED
Canyon View & Aspen
Chapman Hills School
532-8043

FILLED FILLED FILLED FILLED FILLED
Esplanade & Jordan
Jordan School
997-6187

FILLED FILLED FILLED VACANT FILLED
Fletcher & American
Way
Fletcher School
997-6181

VACANT VACANT VACANT FILLED VACANT
Fletcher & Batavia
Fletcher School
997-6181
Vacant VACANT VACANT VACANT VACANT
Glassell & La Veta
Holy Family School
538-6012
Vacant VACANT VACANT VACANT VACANT
Glassell & Wilson
California School
997-6104

VACANT FILLED FILLED FILLED FILLED
Handy & Collins
Handy School
997-6183

FILLED FILLED FILLED FILLED FILLED
Handy & Oakmont
Handy School
997-6183

FILLED FILLED FILLED FILLED FILLED
Hewes & Jordan ***
Jordan School
997-6187

FILLED FILLED FILLED FILLED FILLED
La Veta & Malena
La Veta School
997-6155

FILLED FILLED FILLED FILLED FILLED
La Veta & Prospect
La Veta School
997-6155
491

VACANT VACANT VACANT FILLED FILLED
La Veta & Yorba
La Veta School
997-6155

VACANT VACANT VACANT VACANT VACANT
Lewis & Lampson
Lampson School
997-6153

VACANT VACANT VACANT FILLED FILLED
Linda Vista & Elsinore
Linda Vista School
997-6201
Vacant VACANT VACANT VACANT VACANT
Palm & Batavia
Sycamore School
997-6277

FILLED FILLED FILLED FILLED FILLED
Palm & Main ***
Sycamore School
997-6277

VACANT VACANT VACANT FILLED VACANT
Palmyra & California
Palmyra School
997-6207

FILLED FILLED FILLED FILLED FILLED
Palmyra & Tustin
Palmyra School
997-6207

FILLED FILLED FILLED FILLED FILLED
Prospect & Palmyra
McPherson School
997-6384

FILLED FILLED FILLED FILLED FILLED
Prospect & Spring
Prospect School
997-6271

VACANT VACANT VACANT VACANT VACANT
R. Santiago & Walnut
R. Santiago Mdl. School
997-6366

VACANT VACANT VACANT VACANT VACANT
Santiago & Meats
Serrano School
997-6275

VACANT VACANT VACANT VACANT VACANT
Santiago & Serrano
Serrano School
997-6275
492

VACANT VACANT FILLED VACANT FILLED
Santiago & Taft
Serrano School
997-6275

VACANT VACANT VACANT VACANT VACANT
Serrano & Kendra
Anaheim Hills School
997-6169

VACANT VACANT VACANT VACANT VACANT
Shaffer & Quincy
California School
997-6104

FILLED FILLED FILLED VACANT FILLED
Spring & Seranado
Prospect School
997-6271

VACANT VACANT VACANT VACANT VACANT
Spring & Virage
Prospect School
997-6271

VACANT FILLED FILLED FILLED FILLED
Tustin & Briardale
Taft School
997-6254

FILLED FILLED FILLED FILLED FILLED
Tustin & Walnut
Cambridge School
997-6103

FILLED FILLED FILLED VACANT FILLED
White Oak /Trails End
Chapman Hills School
532-8043

VACANT VACANT VACANT VACANT VACANT

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Agenda Item
City Council
Item #: 9.3. 9/10/2024 File #: 24-0528
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Monica Espinoza, Human Resources Director

1. SUBJECT
Executive Management and Senior Management employees’classification, compensation, and terms of employment and Citywide Pay Schedule. Resolution Nos. 11575 and 11576 or Resolutions Nos. 11577 and 11578.

2. SUMMARY
A previous staff report was presented at the August 27, 2024 City Council meeting. The City Council directed staff to bring forward this item at the September 10, 2024 meeting and provide two options:

Option 1 incorporates an effective date of June 30, 2024 and Option 2 incorporates an effective date of August 25, 2024.

3. RECOMMENDED ACTION
Adopt option 1 or 2:

Option 1 (Cost of Living Adjustment effective date of June 30, 2024):

A. Adopt Resolution No. 11575. A Resolution of the City Council of the City of Orange rescinding Resolution No. 11480 and all amendments thereto and approving provisions relating to the classification, compensation, and terms of employment of Executive Management and Senior Management employees effective July 1, 2024, through and including June 30, 2025; and B. Adopt Resolution No. 11576. A Resolution of the City Council of the City of Orange rescinding Resolution No. 11562 and amending the Citywide Pay Schedule in accordance with the requirements of the California Code of Regulations, Title 2, Section 570.5; OR Option 2 (Cost of Living Adjustment effective date of August 25, 2024):

A. Adopt Resolution No. 11577. A Resolution of the City Council of the City of Orange rescinding Resolution No. 11480 and all amendments thereto and approving provisions relating to the classification, compensation, and terms of employment of Executive Management and Senior Management employees effective July 1, 2024, through and including June 30, 2025; and B. Adopt Resolution No. 11578. A Resolution of the City Council of the City of Orange rescinding Resolution No. 11562 and amending the Citywide Pay Schedule in accordance with the requirements of the California Code of Regulations, Title 2, Section 570.5.

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4. FISCAL IMPACT
The total cost for Option 1 is $433,065 of which $298,461 is General Fund based upon an effective date of June 30, 2024, when the contract expired.

The total cost for Option 2 is $366,440 of which $252,852 is General Fund based upon an effective date of August 25, 2024.

These adjustments are currently included in the Fiscal Year 2024-2025 budget.

5. STRATEGIC PLAN GOALS
Goal 1: Provide for a safe community
a: Provide staffing and resources to deliver services that ensure public safety.

Goal 4: Provide outstanding public service
e: Attract, retain and develop quality employees dedicated to public service.

6. DISCUSSION AND BACKGROUND
The City’s Top Management employees are not formally recognized as an employee bargaining group but are covered by a City Council-adopted Resolution that provides for employee compensation and benefits. The Top Management Resolution covers the City’sdepartment heads, division managers, and other senior management employees.

If approved, the new Top Management Resolution terms reflect the following provisions:

Provision Description
Term July 1, 2024 through June 30, 2025.

Salary Three percent (3.0%) cost of living
adjustment to base salary for all Top
Management Employees effective June 30,
2024 or August 25, 2024, incorporated into
monthly salary tables as Appendices A and
B.

Health Insurance Effective January 1, 2025, increase the City’s contribution towards medical
insurance benefits per employee by
$100.00 per month. No increase for those
employees who waive medical.

Holiday Pay Increase Christmas Eve holiday pay from
half-day to full-day, if December 24th falls
on a Monday through Thursday.

Bereavement Leave Increase bereavement leave from three (3) to five (5) days per incident.

Language Changes Implement language clean-up to conform Resolution to current practices or
agreements.

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7. ATTACHMENTS
· Resolution No. 11575
· Resolution No. 11576
· Resolution No. 11577
· Resolution No. 11578
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Agenda Item
City Council
Item #: 9.3. 9/10/2024 File #: 24-0528
TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Monica Espinoza, Human Resources Director

Option 1 incorporates an effective date of June 30, 2024 and Option 2 incorporates an effective date of August 25, 2024.

3. RECOMMENDED ACTION
Adopt option 1 or 2:

Option 1 (Cost of Living Adjustment effective date of June 30, 2024):

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