Agenda packet — Orange City Council, August 12, 2025 (part 3 of 3)

EXHIBIT A

The following areas are all areas that have been designated by the City Council for inclusion in the Neighborhood Permit Parking Program and are subject to Chapter 10.30 of the Orange Municipal Code. Any additions or deletions to the Neighborhood Permit Parking Program shall be made by amending this Master Resolution.

CHAPMAN UNIVERSITY NEIGHBORHOOD PERMIT PARKING AREA “A”

1. Both sides of Center St. from Walnut Ave. to the southern terminus of Center St. adjacent to residential land uses.

2. Both sides of Cleveland St. from Palm Ave. to Sycamore Ave.

3. East side of Cypress St. from Maple Ave. to the southern property line of 171 North Cypress St.

4. Both sides of Cypress St. from Walnut Ave. to Sycamore Ave.

5. Both sides of Everett Pl. from Shaffer St. to Glassell St.

6. Both sides of Glassell St. from Walnut Ave. to Rose Ave.

7. East side of Grand St. from the southern property line of 127 N Grand Street to the northern property line of 147 North Grand St.

8. Both sides of Grand St. from Palm Ave. to the southern property line of 183 N Grand St. adjacent to residential land uses.

9. Both sides of Grand St. from Mayfair Ave. to Walnut Ave. adjacent to residential land uses.

10. Both sides of Harwood St. from Palm Ave. to the northern terminus of Harwood St.

11. Both sides of Jefferson Ave. from Harwood St. to Shaffer St.

12. East side of Lemon St. from Maple Ave. to the southern property line of 149 North Lemon St.

13. Both sides of Lemon St. from Palm Ave. to Walnut Ave. adjacent to residential land uses.

14. Both sides of Maple Ave. from Cleveland St. to Orange St. adjacent to residential land uses.

15. North side of Maple Ave. from Olive St. to the eastern property line of 115 East Maple Ave.

16. Both sides of Mayfair Ave. from Shaffer St. to Glassell St.

17. Both sides of Olive St. from Maple Ave. to the northern terminus of Olive St. adjacent to residential land uses.

18. Both sides of Olive St. from Sycamore Ave. to Walnut Ave.

19. Both sides of Orange St. from Maple Ave. to Palm Ave. adjacent to residential land uses.

20. Both sides of Orange St. from Walnut Ave. to the northern terminus of Orange St.

21. Both sides of Palm Ave. from Harwood St. to Glassell St. adjacent to residential land uses.

22. North side of Palm Ave. from Pine St. to Harwood St.

23. Both sides of Rose Ave. from Glassell St. to Grand St.

24. Both sides of Shaffer St. from Chapman Ave. to Walnut Ave. adjacent to residential land uses.

25. West side of Shaffer St. from Walnut Ave. to the northern property line of 516 North Shaffer St.

26. Both sides of Sycamore Ave. from Cambridge St. to Center St.

27. North side of Sycamore Ave. from Glassell St. to the western property line of 317 West Sycamore Ave. adjacent to residential land uses.

28. South side of Sycamore Ave. from the western property line of 314 West Sycamore Ave. to Lemon St.

29. Both sides of Walnut Ave. from Cambridge St. to Center St. adjacent to residential land uses. 451
Exhibit A

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AREA “B”

1. Both sides of Adams Ave. from Glassell St. to Grand St.

2. Both sides of Hoover Ave. from Glassell St. to Grand St.

3. Both sides of Quincy Ave. from Glassell St. to Grand St.

4. Both sides of Wilson Ave. from Glassell St. to Grand St.

AREA “C”

1. Both sides of Compton Ave. from Manchester Ave. to Lewis St.

2. East side of Lewis St. from the northerly property line at 4035 Compton Ave. to the southern property line of 119 N. Lewis St.

3. West side of Manchester Ave. from Sheringham Ave. to Compton Ave.

4. North side of Sheringham Ave. from Manchester Ave. to Windgap Dr.

5. South sides of Sheringham Ave. from Woodridge Cr. to Windgap Dr.

6. Both sides of Sunningdale Cr. from Compton Ave. south to include the cul-de-sac.

7. Both sides of Windgap Dr. from Compton Ave. south to include the cul-de-sac.

8. West side of Woodridge Cr. from Sheringham Ave. south to include the cul-de-sac.

9. East side of Woodridge Cr. from the northerly property line of 119 N. Woodridge Cr. south to include the cul-de-sac.

AREA “D”

1. Both sides of Dunas St. from Maple Ave. north to include the cul-de-sac.

2. Both sides of Maple Ave. from Prospect St. to Olympia Way.

3. Both sides of Olympia Way from Maple Ave. to Spring St.

4. Both sides of Shasta St. from Maple Ave. north to include the cul-de-sac.

5. Both sides of Vine Ave. from Olympia Way to its western terminus.

6. Both sides of First St. from Chapman Ave. north to include the cul-de-sac.

7. Both sides of Pearl Ave. from First St. to McPherson Rd.

8. East side of McPherson Rd. from 131 to 133 N. McPherson Rd.

AREA “E”

1. West side of Elm St. south of Sycamore Ave. to include the cul-de-sac.

AREA “F”
Permit Parking between the hours of 10:00 p.m. and 6:00 a.m.

1. Both sides of Almond Ave. from Prospect St. to Violet Ln.

2. Both sides of Kathleen St. from Chapman Ave. to Palmyra Ave.

3. Both sides of Palmyra Ave. from Craig Dr. to Prospect St.

4. East side of Prospect St. from Almond Ave. to Palmyra Ave.

5. Both sides of Violet Ln. from Almond Ave. to Palmyra Ave. 452
Exhibit A

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AREA “G”
Permit Parking between the hours of 10:00 p.m. and 6:00 a.m.

1. Both sides of Euclid Ave. from James St. to Seranado St.

2. Both sides of James St. from Sycamore Ave. to Euclid Ave.

3. Both sides of Palm Ave. from Swidler St. to Seranado St.

4. Both sides of Sycamore Ave. from Swidler St. to Seranado St.

5. Both sides of Seranado St. from Spring St. to Walnut Ave.

6. Both sides of Silverleaf Ave. from Thomas St. to Seranado St.

7. Both sides of Spring St. from Swidler St. to Seranado St.

8. Both sides of Swidler St. from Spring St. to Walnut Ave.

9. Both sides of Thomas St. from Sycamore Ave. to Silverleaf Ave.

10. Both sides of Walnut Ave. from Swidler St. to Seranado St.

AREA “H”

1. Both sides of Shaffer St. beginning 390 feet north of Katella Ave. and ending at Trenton Ave. (R-1 zoned single-family residences only.)

AREA “I”

1. Both sides of Almond Ave. from Prospect St. to Dunas St.

2. Both sides of Century Ave. from James St. to Thomas St.

3. Both sides of Craig Dr. 100 feet south of Roberta Dr. to Prospect St.

4. Both sides of Dunas St. from Palmyra Ave. to Almond Ave.

5. Both sides of James St. from Century Dr. to La Veta Ave.

6. North side of La Veta Ave. from Prospect St. to Dunas St.

7. Both sides of Merelet Ln. from Craig Dr. to include the cul-de-sac.

8. Both sides of Olympia Way from Palmyra Ave. to Almond Ave.

9. North side of Palmyra Ave. from Prospect St. to Thomas St.

10. Both sides of Ruth Pl. easterly of James St.

11. Both sides of Ruth Pl. from Prospect St. to Olympia Way.

12. Both sides of Shasta St. from Palmyra Ave. to Almond Ave.

13. Both sides of Thomas St. from Century Dr. to Palmyra Ave.

AREA “J”

1. Both sides of Binnacle Ave. from Jetty Dr. to its easterly terminus.

2. North side of Chapman Ave. from Jetty Dr. to 4537 W. Chapman Ave.

3. North side of Chapman Ave. frontage road from Jetty Dr. to cul-de-sac.

4. Both sides of Grant Pl. from Chapman Ave. northerly to include the cul-de-sac.

5. Both sides of Jetty Dr. from Chapman Ave. to Sirius Ave.

6. West side of Lewis St. from Sirius Ave. to Simmons Ave.

7. South side of Simmons Ave. from Lewis St. to Spinnaker St.

8. Both sides of Sirius Ave. from Lewis St. to Jetty Dr.

9. Both sides of Spinnaker St. from Binnacle Ave. to Simmons Ave. 453
Exhibit A

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10. Both sides of Stay Court easterly of Jetty Dr.

11. Both sides of Tiller Ave. from Lewis St. to Spinnaker St.

AREA “K”

1. Both sides of the 2700 block of E. Bennett Ave.

2. Both sides of the 2700 block of E. Killingsworth Ave.

3. Both sides of the 100-200 blocks of N. Malena Dr.

4. Both sides of the 2700 block of E. Sherman Ave.

5. Both sides of the 100-200 blocks of N. Wheeler St.

AREA “L”

1. Both sides of Jacaranda Ave. from Morgan St. to Mallard St.

2. Both sides of Juniper Ave. from Morgan St. to Mallard St.

3. Both sides of Mallard St. from Collins Ave. northerly to 985 N. Mallard St.

4. Both sides of Morgan St. from Collins Ave. northerly to 986 N. Morgan St.

AREA “M”

1. Both sides of Citrus St. from Almond Ave. to the southerly commercial property lines south of Chapman Ave.

AREA “N”

1. West side of Bedford Rd. from La Veta Ave. to Bronson Ave.

AREA “O”

1. North side of Spring St. from Hewes St. to Earlham St.

AREA “P”

1. Both sides of the 1000 block of Gardner Dr.

2. Both sides of the 1000 block of Greengrove St.

3. Both sides of Monroe Ave. from California St. to Lincoln St.

4. Both sides of Quincy Ave. from California St. to Lincoln St.

5. Both sides of Lincoln St. between Adams Ave. and Wilson Ave. including the cul-de-sac.

6. West side of Lincoln St. from 990 N. Lincoln St. to Adams Ave.

7. East side of Lincoln St. from 1073 N. Lincoln St. to Adams Ave.

8. Both sides of Adams Ave. between Lincoln St. and California St.

AREA “Q”

1. Both sides of the 8500 block of Biscayne Way.

2. Both sides of the 8500 block of Deershire Ct.

3. Both sides of the 200 block of Fairfield Ln.

4. Both sides of the 200 block of Firenza Way.

5. Both sides of the 8500 block of Heatherview Ln.
454
Exhibit A

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AREA “R”

1. Both sides of San Luis Dr. from 7821 (north side) to Santa Cruz Ave., and from 7816 (south side) to the beginning of 8132.

2. 8102 and 8110 Santa Cruz Ave. (south side).

3. Both sides of Santa Maria St. between San Luis Dr. and Santa Cruz Ave.

AREA “S”

1. Both sides of Poplar St. between Maple Ave. and the cul-de-sac.

2. North side of Maple Ave. between Stevens St. and 1949 W. Maple Ave.

3. South side of Maple Ave. from Stevens St. to 2010 W. Maple Ave.

4. Both sides of Eckhoff St. between 130-283 N. Eckhoff St.

AREA “T”

1. Both sides of Cully Dr. from the westerly property lines of 861 and 864 W. Cully Dr. to the cul-de-sac.

2. Four spaces on the east side of Eckhoff St. from the southerly limit to W. Arbor Way (approximately 110 feet).

3. Five spaces on the east side of Eckhoff St. from 45 feet north of W. Arbor Way end of curb return to Maple Ave. (approximately 140 feet. It allows one parking space to remain in the permit parking program just north of the driveway at 2037 W. Arbor Way for visibility).

4. Three spaces on the east side of Eckhoff St. north of Willow Ave. to the northerly limit (approximately 70 feet).

5. Two spaces on the east side of Eckhoff St. from the existing red curb north of Maple Ave. to the driveway south of 206 N. Eckhoff St.

AREA “U”

1. Both sides of Waverly St. from the northerly property lines of 133 and 138 S. Waverly St. to Almond Ave.

AREA “V”

1. The south side of E. Rose Ave. from 1932/1934 to N. Highland St.

2. Both sides of N. Highland St. from E. Rose Ave. to E. Barkley Ave.

3. Both sides of E. Mayfair Ave. from 1740 E. Mayfair Ave. to N. Highland St.

4. The south side of E. Lomita Ave. from 1734/1736 to N. Highland St.

5. The north side of E. Lomita Ave. from 1901 to N. Highland St.

6. Both sides of E. Barkley Ave. from the cul-de-sac to N. Highland St.

7. Both sides of the cul-de-sacs of N. Victoria Dr., N. Russell Dr., and N. Shirley Dr., north of E.

Mayfair Ave.

455
Exhibit A

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AREA “W”

1. Both sides of Madison Ave. from Wayfield St. to the cul-de-sac.

2. Both sides of Orange Grove Ave. from Wayfield St. to the westerly property lines of 1743/1744

3. E. Orange Grove Ave.

4. East side Wayfield St. between Orange Grove Ave. and the southerly property lines of 550/555 Wayfield St.

5. West side of Wayfield St. between Orange Grove Ave. and Madison Ave.

AREA “X”

1. South side of Collins Ave. from Hart St. to 2842 E. Collins Ave.

AREA “Y”

1. Both sides N. Citrus St. from Walnut Ave. to W. Sycamore Ave.

AREA “Z”

1. Both sides of Sycamore Ave. from Rancho Santiago Blvd. to Richard St.

2. Both sides Rancho Santiago Blvd. from the south city limits to Silverleaf Ave.

3. Both sides of Silverleaf Ave. from Rancho Santiago Blvd. to Richard St.

4. Both sides of Christine St. from Silverleaf Ave. to Sycamore Ave.

5. Both sides of Richard St. from Silverleaf Ave. to Sycamore Ave.

AREA “AA”

1. Both sides of Ryals Ln. from the West City limit to Bob White Way.

2. East side of Bob White Way between Ryals and Partridge Ln.

3. Both sides of the 200 Block of Renee St.

4. Both sides of Avenida Palmar, from west City limits to N. Thora St.

5. Both sides of Sandpiper Circle.

AREA “AB”

1. Both sides of Mallard Street, from 985 N. Mallard St. to Jackson Ave.

AREA “AC”

1. Both sides of Via Lardo Avenue from Hewes Street to easterly terminus.

OPPORTUNITY AREA “1”

1. Both sides of Lilac Ln. from Culver Ave. to Orchard Ave.

2. Both sides of Plum Ln. from Culver Ave. to Orchard Ave.

3. Both sides of Orchard Ave. from Flower St. to the easterly terminus of the street.

4. Both sides of Bedford Rd. between Culver Ave. and La Veta Ave. 456
Exhibit A

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5. Both sides of Devon Rd. between Palmyra Ave. and Culver Ave. (permit parking between the hours 4:00p.m. and 9:00a.m.)

6. Both sides of Crest Rd. between Palmyra Ave. and Culver Ave.

Opportunity Area “2”

1. Both sides of Fairway Dr. from Cambridge St. to Tustin St.

2. Both sides of Young Cir. south of Fairway Dr.

3. Both sides of Greenview Dr. south of Fairway Dr.

OPPORTUNITY AREA “3”

1. Wayfield St. between Palm Ave. and Walnut Ave.

2. Palm Ave. between Park Ln. and Wayfield St.

3. Park Ln. between Dana Pl. and Palm Ave.

4. Wayfield Cr. south of Palm Ave.

5. Both sides of Mount Vernon Ave. between Wayfield St. and Le May Ct.

6. Both sides of Park Ln. between Mount Vernon Ave. and Sycamore Ave.

7. Both sides of Martha Ave. east of Park Ln.

8. Both sides of Sycamore Ave. between Wayfield St. and Highland St.

9. Both sides of Highland St. between Sycamore Ave. and south terminus.

10. Both sides of Wayfield St. from Chapman Ave. north to include the cul-de-sac.

OPPORTUNITY AREA “4”

1. Both sides of Trenton Ave. from the westerly property lines of 331 E. Trenton Ave. and 1482 N.

Grant St. to Shaffer St.

2. Both sides of Trenton Ave., from Shaffer St to Cleveland St.

3. Both sides of Grant St. from Trenton Ave. to the cul-de sac.

OPPORTUNITY AREA “5”

1. Both sides of Greengrove St. from Meats Ave. to the southern terminus.

2. Both sides of Del Mar Ave. from Cambridge St. to Greengrove St.

3. South side of Meats Ave., from Cambridge St. to Greengrove St. 457
Exhibit B

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EXHIBIT B

The following are descriptions of preemptively established permit parking opportunity areas approved by the City Council and are subject to Chapter 10.30 of the Orange Municipal Code. Any additions or deletions to the Neighborhood Permit Parking Program shall be made by amending this Master Resolution.

CHAPMAN UNIVERSITY NEIGHBORHOOD PERMIT PARKING OPPORTUNITY AREA “A”
Generally bounded by Lomita Avenue to the north, Cypress Street to the west, Chapman Avenue to the south, and Cambridge Street to the east, as shown in Exhibit C.

OPPORTUNITY AREA “1”
To the north, Opportunity Area “1” is comprised of the area bounded by Sycamore Avenue. To the west, Opportunity Area “1” is comprised of the area bounded by, but does not include, the 57 Freeway.

To the south, Opportunity Area “1” is comprised of the area bounded by, but does not include, the 22 Freeway from the 57 Freeway to Bedford Road, and La Veta Avenue from Bedford Road to Main Street. To the east, Opportunity Area “1” is comprised of the area bounded by, and inclusive of, the east side of Bedford Ro ad from the 22 Freeway to La Veta Avenue; and bounded by, but does not include, Main Street from La Veta Avenue to Sycamore Avenue.

OPPORTUNITY AREA “2”
To the north, Opportunity Area “2” is comprised of the area bounded by, but does not include, the Santiago Creek Bike Trail. To the west, Opportunity Area “2” is comprised of the area bounded by, but does not include, Cambridge Street. To the south, Opport unity Area “2” is comprised of the area bounded by, but does not include, the 22 Freeway. To the east, Opportunity Area “2” is comprised of the area bounded by, but does not include, Tustin Street.

OPPORTUNITY AREA “3”
To the north, Opportunity Area “3” is comprised of the area bounded by, but does not include, the Walnut Avenue. To the west, Opportunity Area “3” is comprised of the area bounded by, and inclusive of, Wayfield Street from Walnut Avenue to Palm Avenue and Wayfield Street from Chapman Avenue to the northern terminus of Wayfield Street. To the south, Opportunity Area “2” is comprised of the area bounded by, but does not include, Chapman Avenue. To the east, Opportunity Area “2” is comprised of the area bounded by, but does not include, the 55 Freeway and Le May Court.

OPPORTUNITY AREA “4”
To the north, Opportunity Area “4” is comprised of the area bounded by, and inclusive of, Trenton Avenue. To the west, Opportunity Area “4” is comprised of the area bounded by the western property line of 331 East Trenton Avenue. To the south, Opportunity Area “4” is comprised of the area bounded by the prolongation of the southern property line of 1411 North Shaffer Street and 1412 North Shaffer Street. To the east, Opportunity Area “4” is comprised of the area bounded by, but does not include, Cambridge Street.

458
Exhibit B

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OPPORTUNITY AREA “5”
To the north, Opportunity Area “5” is comprised of the area bounded by, and inclusive of, the south side of Meats Avenue. To the west, Opportunity Area “5” is comprised of the area bounded by, but does not include, Cambridge Street. To the south, Opportunity Area “5” is comprised of the area bounded by, and inclusive of, Del Mar Avenue and the southern terminus of Greengrove Street. To the east, Opportunity Area “5” is comprised of the area bounded by, and inclusive of, Greengrove Street.

OPPORTUNITY AREA “6”
Opportunity Area “6” is generally bounded by Almond Avenue to the north, Cypress Street to the west, Palmyra Avenue to the south, and Shaffer Street to the east, as shown in Exhibit I. 459
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Bitterbush Channel
SantaAnaRiver
W Maple Ave
N
Bitterbush
St
N
Flow
er
St
W Sycamore Ave
W SpruceAve
W Palm Ave
W Willow Ave
N
Ram
partSt
W Beverly Dr
W Cherry Dr
N
Donneybrooke
St
N
Holly
St
1D
1B
57 5 W Culver Ave
W Almond Ave
S
M
arks
W
ay
W Mills Dr
W Palmyra Ave
S Anita Dr
W La Veta Ave
W Chapman AveW Chapman Ave
1B
1A
1A
107A
105B
22 Fernw
ood
Dr Sherwood Ln
Col William
Eldridge Park
14D
W Palm Ave
W Maple Ave
N
CedarSt
N
Jew
ellPl
W Birch Ave
N
Ash
St
W Cherry Dr
El Camino Real
Park
Portola Middle
School
Far Horizons
Montessori
School
Sycamore
Elementary
School
W Culver Ave
W Almond Ave
S
Feldner
Rd
S
Alpine
Rd
S
Pepper
St
S
Devon
Rd
W Robin Rd
S
M
ain
St
W Chapman Ave
West Orange
Elementary
School
CHOC
Children's Main
Campus-Orange
St Joseph
Hospital
22 Main Place Dr
15 14B
OpArea1
S
E
N
Legend
NPPP Opportunity Area 1
Area E
Area N
Area S
Exhibit D

CITY OF ORANGE
Opportunity Area 1
461
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N
M
aplew
ood
St
N
California
St
E Everett Pl
E Rose Ave
N
Fern
St
E Mayfair AveN
Lincoln
St
N
HartStN
Highland
St N
Elm
w
ood
St
55 55
S
Loretta
Dr
N
Clinton
St
E Palm Ave
N
W
ayfield
St
E Rose Ave
N
Fern
St
E Walnut Ave
E Walnut Ave
E Palmyra Ave
N
Lincoln
St
S
TeriLn
N
M
ilford
St
N
Sacram
ento
St
S
W
heelerPl
S
Yorba
St
N
O
ak
St
S
Lincoln
St
Burly Ave
N
Handy
St
E Chapman Ave
S
Tustin
St
N
Tustin
St
Yorba Park
V
K
OpArea3
W
U
Legend
NPPP Opportunity Area 3
Area K
Area U
Area V
Area W
Exhibit F

CITY OF ORANGE
Opportunity Area 3
463
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0 500250
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SPRR
N
Cam
bridge
St
E Palmdale Ave
E Glendale Ave
N
Neville
St
E Taft AveW Taft Ave
Shaffer Park
Taft Elementary
School
SPRR
E Wilson Ave E Wilson Ave
N
Shaffer
St
Xtra
W
ay
N
Cam
bridge
St
N
G
rand
St
N
California
St
E Trenton Ave
E Barkley Ave
E Hoover Ave E Hoover Ave
E Adams Ave
E Adams Ave
N
Lem
on
St
E Chestnut Ave
E Vanowen Ave
E Collins Ave
N
G
lassellSt
E Katella Ave
W Collins Ave
W Katella Ave
Yorba Junior
High School
N
Lincoln
St
N
Lincoln
St
P
B
OpArea4
H
Legend
NPPP Opportunity Area 4
Area B
Area H
Area P
Exhibit G

CITY OF ORANGE
Opportunity Area 4
464
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E Heim Ave
N
CanalSt
E Meats Ave
N
Cam
bridge
St
E Gr ove Ave
E Palmdale Ave
N
Bourbon
St
E Glendale Ave
E Glendora Ave
E Cumberland Rd
N
O
range
O
live
Rd
E Taft Ave
Shaffer Park
Taft Elementary
School
E Chestnut Ave
55 E Orangeview Ln
N
Bourbon
St
E Heim Ave
N
Highland
St
N
Lincoln
St
N
Tustin
St
The Village At
Orange
OpArea5
Legend
NPPP Opportunity Area 5
Exhibit H

CITY OF ORANGE
Opportunity Area 5
465
466
Item 4.2 Permit Parking Via Lardo Avenue
Legend:

Proposed Permit Parking Area AC
Petition Area
Existing Red Curb
ATTACHMENT 2 - ACTIVATION MAP
467
Agenda Item
City Traffic Commission
Item #: 4.2. 6/11/2025 File #: 25-0331
TO: Chair and Members of the City Traffic Commission
THRU: Larry Tay, City Traffic Engineer
FROM: Maria Flores, Assistant Engineer

1. SUBJECT
Request for permit parking on both sides of E. Via Lardo Avenue from S. Hewes Street to easterly terminus.

2. SUMMARY
The City received a request for permit parking on the aforementioned street. The request was evaluated in accordance with the City’sNeighborhood Permit Parking Program, and all applicable criteria were satisfied.

3. RECOMMENDED ACTION

1. Approve the implementation of permit parking on E. Via Lardo Avenue from S. Hewes Street to easterly terminus.

2. Forward to the City Council for final action.

4. FISCAL IMPACT
None. Implementation involves minimal staff time and minimal expenditures that have already been approved in the City’s operating budget.

5. STRATEGIC PLAN GOALS
Goal 5: Improve Infrastructure, Mobility, and Technology

6. DISCUSSION AND BACKGROUND
Background
A property owner on E. Via Lardo Avenue submitted a request to initiate the process for permit parking on Via Lardo Avenue. The subject street is outlined and shown on the attached Area Map. In accordance with the City’sNeighborhood Permit Parking Program (NPPP), staff preformed an initial screening of the study area to determine the following:

1. Whether the street is eligible for permit parking; and

2. If so, does said street lie within a City-defined permit parking opportunity area with streamlined procedures.

Since Via Lardo Avenue qualifies for permit parking but isn’t within a designated permit parking opportunity area, it must meet both the minimum parking occupancy level and receive sufficient City of Orange Printed on 6/5/2025Page 1 of 2
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Item #: 4.2. 6/11/2025 File #: 25-0331
opportunity area, it must meet both the minimum parking occupancy level and receive sufficient support from property owners before a permit parking recommendation can be made. The details of these requirements are outlined below.

Parking Occupancy
Staff mapped and counted the number of legal parking spaces along Via Lardo Avenue. The proponent provided staff with the days and times when parking demand in the neighborhood was believed to be at its highest. Staff then conducted the parking observation during those reported hours. Per the City’sNPPP, a street parking occupancy rate of 75% is required to qualify. Via Lardo Avenue exceeded the 75% threshold with an average parking occupancy over 100%.

Petition Results:

Because the parking occupancy exceeded the minimum 75% threshold on Via Lardo Avenue, a petition was circulated to the homeowners on that street. The petition letter and a list of permit parking advantages and disadvantages were provided to the property owners. The table below show the results of the neighborhood petitions.

Street Homes in Favor Homes Opposed Unreturned
E. Via Lardo Avenue 9 75% 0 0% 3 15%
The final results of the petition process indicated the Via Lardo Avenue meets the required minimum 75% of property owners in favor of the permit parking program.

Findings:

Since the level of demand for parking exceeds the minimum requirements under the City’sNPPP, permit parking is recommended on the aforementioned street. The following should be kept in mind:

1. Under the NPPP, property owners on any adjacent street experiencing spillover may request to initiate permit parking within a year without having to pay the application fee.

Parking occupancy, petition threshold, and other requirements in effect at the time would still apply.

2. Any vehicle parked in a designated parking-by-permit area without permit is subject to citation. Parking permits do not supersede the street sweeping restrictions in the neighborhood.

7. ATTACHMENTS
· Letter of Request
· Area Map
· Site Sketch & Petition Area Map
· Notification Letter
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Subject Area
City of Orange Boundaries
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Item 4.2 Permit Parking Via Lardo Avenue
Legend:

Proposed Permit Parking Area AC
Petition Area
Existing Red Curb
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City of Orange
City Traffic Commission
June 11, 2025

MINUTES - DRAFT
The Traffic Commission of the City of Orange, California convened on Wednesday, June 11, 2025, at 5:30 p.m. in a Regular Meeting in the Council Chamber, 300 E. Chapman Avenue, Orange, California.

1. OPENING/CALL TO ORDER
Chair Feliz called the meeting to order at 5:30 p.m.

1.1 PLEDGE OF ALLEGIANCE
Chair Feliz led the flag salute.

1.2 ROLL CALL

Present: Ricci, Barbeito, Hamilton, Redding, and Feliz

Absent: Jurjis, and Chavarria

2. PUBLIC COMMENTS
None.

3. APPROVAL OF MINUTES

3.1. Approval of minutes of the City of Orange Traffic Commission Regular Meeting held on April 09, 2025.

A motion was made by Vice Chair Ricci, seconded by Commissioner Barbeito, to approve minutes as presented.The motion carried by the following vote:

Ricci, Barbeito, Hamilton, Redding, and FelizAyes:

NoneNoes:

Jurjis, and ChavarriaAbsent:

4. NEW BUSINESS

4.1. Installation of blue curb at 1025 E. Chalynn Avenue.

A motion was made by Chair Feliz, seconded by Vice Chair Ricci, to approve the installation of approximately 22 feet of blue curb along the frontage of 1025 E. Chalynn Avenue. The motion carried by the following vote:

Ricci, Barbeito, Hamilton, Redding, and FelizAyes:

NoneNoes:

Jurjis, and ChavarriaAbsent:

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4.2. Request for permit parking on both sides of E. Via Lardo Avenue from S. Hewes Street to easterly terminus.

Public Speakers
Maria Chavez spoke in support; however expressed concerns with potential parking imapacts on Philo Avenue.

A motion was made by Commissioner Hamilton, seconded by Vice Chair Ricci, to: 1) Approve the implementation of permit parking on E. Via Lardo Avenue from S. Hewes Street to easterly terminus. 2) Forward to the City Council for final action. The motion carried by the following vote:

Ricci, Barbeito, Hamilton, Redding, and FelizAyes:

NoneNoes:

Jurjis, and ChavarriaAbsent:

4.3. Request for permit parking on the east side of S. Swidler Place from E. Chapman Avenue to E. Almond Avenue, and both sides of E. Almond Avenue from S .

Swidler Place to S. Olympia Way.

Public Speakers
Kelley Bingel spoke in support; however expressed concerns with parking impacts and including Burley Avenue into the permit parking program.

A motion was made by Vice Chair Ricci, seconded by Commissioner Hamilton, to: 1) Approve the implementation of permit parking along the east side of S. Swidler Place from E. Chapman Avenue to E. Almond Avenue. 2) Approve the implementation of permit parking on both sides of E. Almond Avenue from S. Swidler Place to S. Olympia Way. 3) Forward to the City Council for final action. The motion carried by the following vote:

Ricci, Barbeito, Hamilton, Redding, and FelizAyes:

NoneNoes:

Jurjis, and ChavarriaAbsent:

4.4. Time limits and curb restrictions related to paid parking in Old Towne Vice Chair Ricci recused himself from item 4.4 due to a potential conflict of interest with nearby properties and left the meeting at 5:46 p.m.

Public Speakers
The following raised concerns regarding developing potential parking exemptions for certain residents, employees, and visitors of the affected area :Jennifer Martinez, Gabriela Garcia, Bill Bland, and Julie Turner.

A motion was made by Commissioner Hamilton, seconded by Chair Feliz to, adopt Resolution No. TC 02-2025. A Resolution of the Traffic Commission of the City of Orange for the establishment of parking time limits, loading zones and curb restriction on public streets and City owned lots identified in Chapter 10.40.030 of the orange Municipal Code. The motion carried by the following vote:

Barbeito, Hamilton, Redding, and FelizAyes:

NoneNoes:

Jurjis, and ChavarriaAbsent:

RicciRecuse:

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5. ADJOURNMENT
There being no further business, the meeting adjourned at 6:01 p.m.

The next Regular City Traffic Commission Meeting will be held on Wednesday, August 13, 2025, at 5:30 p.m., in the Council Chamber.
/s/ ____ _________

LARRY TAY

CITY TRAFFIC ENGINEER

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Agenda Item
City Council
Item #: 9.4. 8/12/2025 File #: 25-0465
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager

1. SUBJECT
Presentation of Orange Yards vision for development in the West Katella gateway area.

2. SUMMARY
Orange Yards is a long-term vision to develop a district that is complimentary to OC Vibe and OC River Walk in the West Katella gateway area.

3. RECOMMENDED ACTION
Receive and file.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 2: Enhance Economic Development and Achieve Fiscal Sustainability Objective 2.4: Diversify tax revenue

6. DISCUSSION AND BACKGROUND
The West Katella Avenue area is bounded by the Santa Ana River on the west, the water channel on the south, Batavia Street on the east, and the properties on the northside of Katella Avenue on the north. Although the area is surrounded by industrial development on three sides, its close proximity to the Honda Center, Anaheim Regional Transportation Intermodal Center (ARTIC), and Santa Ana River create the potential to develop a visitor serving entertainment and hospitality district.

Recognizing this development potential, several years ago the City Council re-zoned many of the properties in the area with an urban mixed-use zoning that provides flexibility for property owners to develop a mix of commercial, hospitality, and residential uses in response to market conditions.

Just across the Santa Ana River in Anaheim, development has begun on the OC Vibe project which will include the Honda Center and surrounding properties. This multi-billion-dollar development will be phased over several years and is currently slated to include multiple entertainment venues, restaurants, office spaces, public parks and trails, 1,500 housing units, and two hotels. In addition, the City of Anaheim is working with several partners including the City of Orange to develop the OC River Walk along the Santa Ana River between Ball Road and Orangewood Avenue. This project would transform the Santa Ana River into a regional destination for recreation and entertainment and include a pedestrian bridge across the river from OC Vibe to West Katella Avenue in Orange.

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Item #: 9.4. 8/12/2025 File #: 25-0465
The City of Orange Economic Development Strategy includes creating a district that is complimentary to OC Vibe and OC River Walk in the West Katella Avenue area. Unlike OC Vibe, where one developer controls all of the properties in the development, the West Katella Avenue area is made up of dozens of properties with various property owners.

Creating a vibrant, cohesive district has necessitated working closely with property owners and other stakeholders in a multi-step approach:

1. Visioning Process to develop a design concept and framework for the area.

2. Development Feasibility Analysis to provide an analysis of what types of development are economically feasible in the area.

3. Place Branding to develop a brand and marketing for the area.

4. Place Making Plan to guide efforts to develop signage, street trees, and other aesthetic elements for the area.

With the launch of the Orange Yards vision for development along with the market study, place branding, and place making plan, staff will now focus on creating the necessary tools to realize the City’s vision for development in this area. This focus will include:
· Pursuing funding to build out the public infrastructure that will support and incentivize private investment. The key funding source will be the formation of an Enhanced Infrastructure Financing District (EIFD) to provide a stable funding source while enhancing our ability to successfully obtain state and federal grants.
· Development of marketing materials to communicate the vision for development including a website and brochures.
· Expanded outreach to property owners, commercial brokers, and the development community. · Continued dialogue with our educational and healthcare institutions on the creation of an Innovation District as a sub-district in Orange Yards.
· Research to identify additional City policies that could be adopted to further accelerate the development of the district.

7. ATTACHMENTS
· None
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Agenda Item
City Council
Item #: 9.4. 8/12/2025 File #: 25-0465
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager

1. SUBJECT
Presentation of Orange Yards vision for development in the West Katella gateway area.

2. SUMMARY
Orange Yards is a long-term vision to develop a district that is complimentary to OC Vibe and OC River Walk in the West Katella gateway area.

3. RECOMMENDED ACTION
Receive and file.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 2: Enhance Economic Development and Achieve Fiscal Sustainability Objective 2.4: Diversify tax revenue

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Item #: 9.4. 8/12/2025 File #: 25-0465
The City of Orange Economic Development Strategy includes creating a district that is complimentary to OC Vibe and OC River Walk in the West Katella Avenue area. Unlike OC Vibe, where one developer controls all of the properties in the development, the West Katella Avenue area is made up of dozens of properties with various property owners.

Creating a vibrant, cohesive district has necessitated working closely with property owners and other stakeholders in a multi-step approach:

1. Visioning Process to develop a design concept and framework for the area.

2. Development Feasibility Analysis to provide an analysis of what types of development are economically feasible in the area.

3. Place Branding to develop a brand and marketing for the area.

4. Place Making Plan to guide efforts to develop signage, street trees, and other aesthetic elements for the area.

7. ATTACHMENTS
· None
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Agenda Item
City Council
Item #: 9.5. 8/12/2025 File #: 25-0475
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Garrett Smith, City Treasurer

1. SUBJECT
Investment Portfolio Update for April, May, and June of 2025.

2. SUMMARY
These reports provide a compilation of three monthly Treasurer’sReports to the City Council for the fourth quarter of Fiscal Year 2024-2025. 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 2024-25 Statement of Investment Policy has been adopted by the City Council of the City of Orange as Resolution 11563 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 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 as of the end of the month. A summary of Treasurer’s cash and investments is also included.

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Summary of Cash and Investments:

The cash and investment report provides a summary of the cash and investment accounts held by the City as quarter ending June 30, 2025. As of June 30, 2025, the book value of the City’stotal investment portfolio was $167.5 million, of which $105.8 million, or 63.2%, was managed by Chandler Asset Management (Chandler), the City’s investment manager. The remaining balance $61.6 million of the portfolio was managed by City staff of which $45.3 million was invested in the Local Agency Investment Fund (LAIF) and $16.3 million held in the City’s operating checking account.

Cash & Investments Balance
₁Chandler Investments: $105,846,672
LAIF, City: $39,814,705
LAIF, Successor Agency: $5,525,395
Wells Fargo Bank: $16,282,824
Balance at 3/31/2025 $167,469,596
(1) Represents the bank balance. Includes operating cash and investments (valued at cost). Does not include deposits with administrator, impress cash, fiscal agent cash and investments, and deferred compensation.

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, 2025 totaled $167,469,596. The City’sbalances by fund is presented in the Cash and Investment by Fund attachment.

Fund Categories Amount
General Fund 24,501,681 15%
Special Revenue Fund 33,478,637 20%
Enterprise Fund 45,510,977 27%
Capital Project Fund 26,453,918 16%
Internal Service Fund 26,366,124 16%
Other Funds 11,158,261 7%
167,469,596 100.0%
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The City invests a large portion of its portfolio in Federal Agency Securities and U.S. Treasury Notes due to safety and preservation of capital to prevent loss. The City also invests a portion of its funds in LAIF which offers same day liquidity. Additionally, the City invests in high quality corporate notes, asset backed securities, and supranational agency bonds to obtain higher yields and add diversity to the portfolio. As of June 30, 2025 the City investments consisted of the following and are compliant with the Investment Policy:

Investment Type
Book Value as of
June 30, 2025
Percentage of Portfolio
Investment by Type
Federal Agency Securities 23,605,058 63.20%
Corporate Notes 29,783,658
Commercial Paper 1,945,202
U.S. Treasury Notes 36,019,175
Asset Backed Securities 11,158,740
Supranational 2,595,236
Money Market Fund 291,001
Chandler Custodial Cash 448,602
Local Agency Investment Fund City (LAIF 604) 39,814,705 27.07% Local Agency Investment Fund Successor (LAIF 007) 5,525,395 Checking Account/Custodial Cash (WF14) 561,126 9.72% Checking Account/Custodial Cash (WF15) 15,547,811
Checking Account/Custodial Cash (WF12) 173,887
Total Investments 167,469,596 100%
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Investment Type
Book Value as of
June 30, 2025
Percentage of Portfolio
Investment by Type
Federal Agency Securities 23,605,058 63.20%
Corporate Notes 29,783,658
Commercial Paper 1,945,202
U.S. Treasury Notes 36,019,175
Asset Backed Securities 11,158,740
Supranational 2,595,236
Money Market Fund 291,001
Chandler Custodial Cash 448,602
Local Agency Investment Fund City (LAIF 604) 39,814,705 27.07% Local Agency Investment Fund Successor (LAIF 007) 5,525,395 Checking Account/Custodial Cash (WF14) 561,126 9.72% Checking Account/Custodial Cash (WF15) 15,547,811
Checking Account/Custodial Cash (WF12) 173,887
Total Investments 167,469,596 100%
Significant Cash Transactions:

The City’stotal cash Increased by about $15 million from the last quarter’stotal of $152.8 million.

Total cash fluctuates over the course of the fiscal year due to cyclical events. All cash disbursements are within the FY 2024-25 budget and all check registers are presented to the City Council monthly.

Treasurers’ Comments:

Overall, we had a good quarter from an investment perspective. You will notice a big shift in Agency bonds due to certain larger holdings maturing and being sold / converted to the Treasury side. Our Agency total went from 31.88% to 19.86%. This will prove to be a great shift as Treasury notes are yielding much higher than agency.

Treasury notes grew from 25.00% to 34.27%.

Q4 showed great promise by exceeding our benchmark of 1.36% and coming in at 1.45%. The total rate of return for the last twelve months is 6.10%.

In addition to the investment portfolio being in good standing, we also saw dividends on our Wells Fargo side. The interest rates do fluctuate on a monthly basis but the values are below for reference:

April 2025 = $58,703
May 2025 = $73,845
June 2025 = $47,004
TOTAL = $179,512

7. ATTACHMENTS
· Chandler Monthly Investment Report April 2025
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· Chandler Monthly Investment Report May 2025
· Chandler Monthly Investment Report June 2025
· Chandler Investment Report for the Period Ending June 30, 2025 City of Orange Printed on 8/7/2025Page 5 of 5
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Agenda Item
City Council
Item #: 9.5. 8/12/2025 File #: 25-0475
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Garrett Smith, City Treasurer

1. SUBJECT
Investment Portfolio Update for April, May, and June of 2025.

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 as of the end of the month. A summary of Treasurer’s cash and investments is also included.

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Item #: 9.5. 8/12/2025 File #: 25-0475
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.

In summary, cash and investments as of June 30, 2025 totaled $167,469,596. The City’sbalances by fund is presented in the Cash and Investment by Fund attachment.

Fund Categories Amount
General Fund 24,501,681 15%
Special Revenue Fund 33,478,637 20%
Enterprise Fund 45,510,977 27%
Capital Project Fund 26,453,918 16%
Internal Service Fund 26,366,124 16%
Other Funds 11,158,261 7%
167,469,596 100.0%
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The City invests a large portion of its portfolio in Federal Agency Securities and U.S. Treasury Notes due to safety and preservation of capital to prevent loss. The City also invests a portion of its funds in LAIF which offers same day liquidity. Additionally, the City invests in high quality corporate notes, asset backed securities, and supranational agency bonds to obtain higher yields and add diversity to the portfolio. As of June 30, 2025 the City investments consisted of the following and are compliant with the Investment Policy:

Investment Type
Book Value as of
June 30, 2025
Percentage of Portfolio
Investment by Type
Federal Agency Securities 23,605,058 63.20%
Corporate Notes 29,783,658
Commercial Paper 1,945,202
U.S. Treasury Notes 36,019,175
Asset Backed Securities 11,158,740
Supranational 2,595,236
Money Market Fund 291,001
Chandler Custodial Cash 448,602
Local Agency Investment Fund City (LAIF 604) 39,814,705 27.07% Local Agency Investment Fund Successor (LAIF 007) 5,525,395 Checking Account/Custodial Cash (WF14) 561,126 9.72% Checking Account/Custodial Cash (WF15) 15,547,811
Checking Account/Custodial Cash (WF12) 173,887
Total Investments 167,469,596 100%
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Investment Type
Book Value as of
June 30, 2025
Percentage of Portfolio
Investment by Type
Federal Agency Securities 23,605,058 63.20%
Corporate Notes 29,783,658
Commercial Paper 1,945,202
U.S. Treasury Notes 36,019,175
Asset Backed Securities 11,158,740
Supranational 2,595,236
Money Market Fund 291,001
Chandler Custodial Cash 448,602
Local Agency Investment Fund City (LAIF 604) 39,814,705 27.07% Local Agency Investment Fund Successor (LAIF 007) 5,525,395 Checking Account/Custodial Cash (WF14) 561,126 9.72% Checking Account/Custodial Cash (WF15) 15,547,811
Checking Account/Custodial Cash (WF12) 173,887
Total Investments 167,469,596 100%
Significant Cash Transactions:

The City’stotal cash Increased by about $15 million from the last quarter’stotal of $152.8 million.

Treasurers’ Comments:

Treasury notes grew from 25.00% to 34.27%.

Q4 showed great promise by exceeding our benchmark of 1.36% and coming in at 1.45%. The total rate of return for the last twelve months is 6.10%.

April 2025 = $58,703
May 2025 = $73,845
June 2025 = $47,004
TOTAL = $179,512

7. ATTACHMENTS
· Chandler Monthly Investment Report April 2025
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· Chandler Monthly Investment Report May 2025
· Chandler Monthly Investment Report June 2025
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MONTHLY ACCOUNT STATEMENT
City of Orange | Account #10888 | As of April 30, 2025
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 (S&P)
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (01/01/22)
City of Orange 0.88% 2.26% 2.79% 6.90% 4.94% 3.41% -- -- 1.67% Benchmark Return 0.98% 2.50% 3.00% 7.34% 4.25% 3.11% -- -- 1.56% Average Modified Duration 2.48
Average Coupon 3.51%
Average Purchase YTM 3.56%
Average Market YTM 3.98%
Average Credit Quality* AA+
Average Final Maturity 2.92
Average Life 2.53
End Values as of
03/31/2025
End Values as of
04/30/2025
Market Value 104,488,312.65 105,311,814.49
Accrued Interest 607,578.05 702,204.70
Total Market Value 105,095,890.70 106,014,019.18
Income Earned 291,807.95 289,105.52
Cont/WD 0.00 0.00
Par 104,921,398.39 105,050,674.23
Book Value 104,719,604.87 104,909,288.51
Cost Value 104,643,868.39 104,886,985.24
Government of The United States 32.23%
Federal Home Loan Banks 10.36%
Farm Credit System 7.82%
Federal Home Loan Mortgage Corp 7.51%
Toyota Motor Corporation 4.67%
Apple Inc. 2.77%
International Bank for Recon and Dev 2.50%
PepsiCo, Inc. 1.97%
**Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Secondary Benchmark:
*The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch. 493
CONFIDENTIAL | 3
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 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
(07/01/2024)
Beginning Book Value 104,719,604.87 102,308,638.77
Maturities/Calls (7,650,000.00) (14,975,000.00)
Principal Paydowns (45,687.52) (250,139.19)
Purchases 15,691,013.26 61,331,604.58
Sales (7,813,714.08) (43,580,330.58)
Change in Cash, Payables, Receivables 2,321.88 (938.19) Amortization/Accretion 5,750.10 56,610.10
Realized Gain (Loss) (0.00) 18,843.02
Ending Book Value 104,909,288.51 104,909,288.51
Month to Date Fiscal Year to Date
(07/01/2024)
Beginning Market Value 104,488,312.65 99,910,914.20
Maturities/Calls (7,650,000.00) (14,975,000.00)
Principal Paydowns (45,687.52) (250,139.19)
Purchases 15,691,013.26 61,331,604.58
Sales (7,813,714.08) (43,580,330.58)
Change in Cash, Payables, Receivables 2,321.88 (938.19) Amortization/Accretion 5,750.10 56,610.10
Change in Net Unrealized Gain (Loss) 633,818.20 2,800,250.55 Realized Gain (Loss) (0.00) 18,843.02
Ending Market Value 105,311,814.49 105,311,814.49
Maturities / Calls
Month to Date (7,650,000.00)
Fiscal Year to Date (14,975,000.00)
Principal Paydowns
Month to Date (45,687.52)
Fiscal Year to Date (250,139.19)
Purchases
Month to Date 15,691,013.26
Fiscal Year to Date 61,331,604.58
Sales
Month to Date (7,813,714.08)
Fiscal Year to Date (43,580,330.58)
Interest Received
Month to Date 222,279.29
Fiscal Year to Date 2,564,022.40
Purchased / Sold Interest
Month to Date (33,550.52)
Fiscal Year to Date 32,509.45
494
CONFIDENTIAL | 4
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 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
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027 143,201.34 02/16/2023

5.09%
143,174.73
143,188.71
100.24

4.62%
143,539.21
200.48

0.14%
350.50
Aaa/NA
AAA

1.97 0.50
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 322,836.46 02/22/2023

3.39%
322,777.64
322,804.70
100.26

4.71%
323,671.64
718.85

0.31%
866.93
Aaa/NA
AAA

2.54 0.73
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 430,000.00 02/05/2025

4.66%
429,949.26
429,952.84
100.71

4.26%
433,071.06
612.27

0.41%
3,118.22
NA/AAA
AAA

2.81 1.61
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 166,903.11 07/11/2023

5.47%
166,873.54
166,885.01
100.67

4.45%
168,028.24
152.16

0.16%
1,143.23
NA/AAA
AAA

2.82 0.62
44935DAD1 HALST 2025-B A3 4.53
04/17/2028 330,000.00 04/24/2025

4.53%
329,970.20
329,970.23
100.41

4.35%
331,353.66

45.93 0.31%
1,383.43
NA/AAA
AAA

2.97 1.83
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026 350,000.00 06/07/2023

4.92%
349,968.96
349,985.75
100.63

4.28%
352,213.09
757.56

0.33%
2,227.34
NA/AAA
AAA

1.04 0.99
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 330,000.00 11/01/2023

5.74%
329,941.89
329,960.49
101.36

4.29%
334,501.96
519.75

0.32%
4,541.47
Aaa/NA
AAA

3.14 0.93
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.23%
1,059,706.17
1,059,801.70
101.34

4.19%
1,074,192.76
2,430.93

1.02%
14,391.06
NA/AAA
AAA

3.38 1.30
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,968.10
101.39

4.22%
1,069,658.80
2,452.29

1.02%
14,690.70
NA/AAA
AAA

3.38 1.30
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 450,000.00 06/04/2024

5.18%
449,931.65
449,944.52
101.27

4.23%
455,708.12
388.50

0.43%
5,763.60
Aaa/AAA
NA

3.83 1.25
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 510,000.00 06/11/2024

5.81%
509,900.30
509,918.56
101.93

4.12%
519,819.29
1,178.67

0.49%
9,900.73
Aaa/NA
AAA

3.87 1.68
44934QAD3 HART 2024-B A3 4.84
03/15/2029 285,000.00 07/16/2024

5.45%
284,956.99
284,964.12
101.10

4.18%
288,139.99
613.07

0.27%
3,175.87
NA/AAA
AAA

3.87 1.55
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 630,000.00 08/09/2024

4.66%
629,901.03
629,916.00
100.60

4.20%
633,751.27
799.75

0.60%
3,835.27
Aaa/NA
AAA

3.89 1.44
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,976.83
101.65

4.12%
513,343.51
1,106.51

0.49%
8,366.68
Aaa/AAA
NA

4.04 1.90
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 500,000.00 03/04/2025

5.09%
499,968.55
499,969.52
100.32

4.13%
501,592.25
940.00

0.48%
1,622.73
Aaa/NA
AAA

4.38 2.31
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029 795,000.00 02/04/2025

4.57%
794,975.51
794,976.66
101.00

4.09%
802,962.08
1,009.21

0.76%
7,985.42
NA/AAA
AAA

4.39 1.90
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 680,000.00 02/04/2025

4.56%
679,933.02
679,936.12
100.85

4.11%
685,768.78
516.80

0.65%
5,832.66
Aaa/AAA
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
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 560,000.00 10/17/2024

4.29%
559,916.78
559,925.44
100.43

4.14%
562,414.61
1,067.73

0.53%
2,489.17
Aaa/AAA
NA

4.46 2.28
44935CAD3 HART 2025-A A3 4.32
10/15/2029 635,000.00 03/04/2025

4.84%
634,906.34
634,909.13
100.43

4.14%
637,740.41
1,219.20

0.61%
2,831.28
NA/AAA
AAA

4.46 1.99
Total ABS 9,737,940.91 4.93%
9,736,677.07
9,736,954.44
100.96

4.21%
9,831,470.71
16,729.65

9.34%
94,516.28

3.66 1.56
AGENCY
3134GW3Z7

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025
8,050,000.00 10/28/2020

0.60%
8,050,000.00
8,050,000.00

98.23 4.28%
7,907,475.72
402.50

7.51%
(142,524.28)
Aaa/AA+
AA+

0.50 0.48
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
2,007,605.05
100.43

3.97%
2,008,520.20
14,750.00

1.91%
915.15
Aaa/AA+
AA+

0.84 0.81
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
1,999,289.21
101.07

3.71%
2,021,368.62
26,722.22

1.92%
22,079.41
Aaa/AA+
AA+

1.21 1.16
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

96.38 3.91%
4,819,108.70
11,500.00

4.58%
(180,891.30)
Aaa/AA+
AA+

1.25 1.21
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
2,024,288.75
101.59

3.67%
2,031,884.56
11,180.56

1.93%
7,595.81
Aaa/AA+
AA+

2.38 2.23
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 2,000,000.00 03/27/2023

3.82%
2,060,420.00
2,034,869.25
102.43

3.60%
2,048,559.42
12,750.00

1.95%
13,690.17
Aaa/AA+
AA+

2.86 2.65
3130AEB25 FEDERAL HOME LOAN BANKS

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

4.15%
1,921,180.00
1,949,769.40

98.87 3.64%
1,977,486.96
25,638.89

1.88%
27,717.56
Aaa/AA+
AA+

3.11 2.89
3130AXQK7 FEDERAL HOME LOAN BANKS

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

4.05%
2,060,660.00
2,045,033.38
103.50

3.70%
2,070,011.54
37,736.11

1.97%
24,978.16
Aaa/AA+
AA+

3.61 3.24
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
2,103,408.53
103.33

3.84%
2,169,943.61
277.08

2.06%
66,535.08
Aaa/AA+
AA+

4.00 3.62
Total Agency 27,150,000.00 2.55%
27,277,183.00
27,214,263.57

99.71 3.92%
27,054,359.32
140,957.36

25.69%
(159,904.25)

1.74 1.62
CASH
CCYUSD Receivable 3,705.50 --

0.00%
3,705.50
3,705.50

1.00 0.00%
3,705.50

0.00 0.00%

0.00 Aaa/AAA
AAA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Cash 3,705.50 0.00%
3,705.50
3,705.50

1.00 0.00%
3,705.50

0.00 0.00%

0.00 0.00

0.00 CORPORATE
89236THP3 TOYOTA MOTOR CREDIT CORP

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

0.70%
5,025,000.00
5,002,343.75

98.38 4.41%
4,918,949.60
1,666.67

4.67%
(83,394.15)
A1/A+
A+

0.46 0.45
63743HFF4

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

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

5.50%
494,336.70
494,889.75
100.43

4.56%
497,134.45

74.94 0.47%
2,244.70
A2/A-
A

0.50 0.49
037833EB2 APPLE INC 0.7 02/08/2026 3,000,000.00 02/08/2021

0.70%
2,999,730.00
2,999,958.15

97.33 4.26%
2,920,042.95
4,841.67

2.77%
(79,915.20)
Aaa/AA+
NA

0.78 0.75
713448FQ6 PEPSICO INC 4.55 02/13/2026 195,000.00 02/13/2023

4.57%
194,886.90
194,970.23
100.01

4.53%
195,016.19
1,922.38

0.19%

45.97 A1/A+
NA

0.79 0.76
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026 470,000.00 02/13/2023

4.77%
469,689.80
469,916.22
100.24

4.44%
471,128.25
4,340.97

0.45%
1,212.03
A3/A-
A-

0.81 0.70
61747YET8 MORGAN STANLEY 4.679
07/17/2026 775,000.00 12/28/2022

5.76%
764,390.25
774,121.03

99.97 5.84%
774,799.76
10,475.76

0.74%
678.73
A1/A-
A+

1.21 0.21
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,838.06
101.45

4.04%
512,310.40
3,828.88

0.49%
7,472.34
A1/A
A+

1.36 1.29
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,947.76
101.57

4.05%
385,965.66
9,250.63

0.37%
6,017.89
A1/A+
NA

1.53 1.35
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027 1,000,000.00 03/30/2023

4.91%
991,550.00
995,505.10
100.88

4.30%
1,008,839.40
6,136.11

0.96%
13,334.30
A2/A-
AA-

2.38 2.14
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
998,866.21
101.73

4.21%
1,017,308.00
14,836.11

0.97%
18,441.79
A1/A
AA-

2.70 2.47
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,220,549.23

98.87 5.09%
1,235,819.74
13,410.56

1.17%
15,270.51
A1/A-
AA-

2.73 1.63
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,465,997.12

99.33 3.85%
1,490,005.23
10,950.00

1.41%
24,008.11
A1/A+
NA

2.80 2.62
857477CU5 STATE STREET CORP 4.536
02/28/2028 1,285,000.00 02/25/2025

4.51%
1,285,000.00
1,285,000.00
101.05

4.14%
1,298,510.76
10,200.33

1.23%
13,510.76
Aa3/A
AA-

2.83 2.54
58933YBH7 MERCK & CO INC 4.05
05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,259,815.52
100.38

3.92%
1,254,745.03
23,062.50

1.19%
(5,070.50)
Aa3/A+
NA

3.05 2.72
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
973,716.84

99.99 4.25%
999,860.93
12,513.89

0.95%
26,144.09
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
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,195,882.35
101.22

4.24%
1,214,602.28
13,953.33

1.15%
18,719.93
A1/A+
NA

3.76 3.38
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,495.20
102.55

4.12%
1,281,860.88
10,946.18

1.22%
31,365.67
A1/AA-
NA

3.83 3.37
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,246,663.22
102.16

4.18%
1,276,984.43
20,781.25

1.21%
30,321.21
A2/A
A

4.15 3.62
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
703,675.89
100.48

4.07%
708,402.17
6,333.25

0.67%
4,726.28
Aa3/A+
NA

4.29 3.79
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,276,936.99
101.70

4.21%
1,271,244.40
12,270.83

1.21%
(5,692.59)
A2/A
A

4.29 3.76
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,274,766.79

99.33 4.35%
1,291,328.18
5,281.79

1.23%
16,561.39
Aa1/AA+
NA

4.41 3.96
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,564.99
101.15

4.32%
839,583.03
15,484.11

0.80%
10,018.04
Aaa/AA+
AAA

4.60 4.03
14913UAX8 CATERPILLAR FINANCIAL
SERVICES CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,261.86
102.48

4.21%
983,819.16
14,464.00

0.93%
25,557.31
A2/A
A+

4.69 4.11
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,414.41
101.87

4.45%
835,300.90
12,500.44

0.79%
16,886.49
Aa3/AA-
AA-

4.70 4.10
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,000,000.00 01/03/2025

4.96%
999,520.00
999,549.18
101.77

4.53%
1,017,719.68
15,262.50

0.97%
18,170.50
Aa3/AA+
AA+

4.70 4.09
Total Corporate 29,670,000.00 3.68%
29,548,320.95
29,574,645.86
100.13

4.32%
29,701,281.45
254,789.08

28.20%
126,635.59

2.61 2.28

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 409,027.82 --

3.97%
409,027.82
409,027.82

1.00 3.97%
409,027.82

0.00 0.39%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 409,027.82 3.97%
409,027.82
409,027.82

1.00 3.97%
409,027.82

0.00 0.39%

0.00 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
1,719,519.21
100.62

3.88%
1,730,727.11
35,690.00

1.64%
11,207.90
Aaa/AAA
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
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
1,960,302.17

99.51 3.66%
1,990,158.74
21,194.44

1.89%
29,856.57
Aaa/AAA
NA

3.20 2.97
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
635,000.00 03/14/2025

4.20%
632,733.05
632,785.19
101.52

3.78%
644,668.78
2,983.18

0.61%
11,883.58
Aaa/AAA
NA

4.89 4.38
Total
Supranational 4,355,000.00 4.33%
4,289,788.65
4,312,606.57
100.25

3.77%
4,365,554.62
59,867.62

4.15%
52,948.05

2.59 2.39

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

1.01%
2,980,546.88
2,994,492.19

96.09 3.74%
2,882,578.14
2,223.36

2.74%
(111,914.05)
Aaa/AA+
AA+

1.42 1.38
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 1,825,000.00 --

3.68%
1,822,165.04
1,822,383.95
100.13

3.58%
1,827,352.53
5,603.40

1.74%
4,968.59
Aaa/AA+
AA+

2.92 2.74
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 2,000,000.00 12/28/2023

3.86%
1,935,078.13
1,952,883.40

98.33 3.63%
1,966,640.62
28,832.87

1.87%
13,757.22
Aaa/AA+
AA+

3.54 3.27
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,200,000.00 03/27/2024

4.18%
2,206,617.19
2,205,148.75
102.13

3.65%
2,246,750.00
15,752.72

2.13%
41,601.25
Aaa/AA+
AA+

3.83 3.49
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,168,564.48
101.68

3.66%
2,236,953.14
7,686.48

2.12%
68,388.66
Aaa/AA+
AA+

3.92 3.58
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,000,000.00 --

4.13%
2,042,382.82
2,036,018.96
103.54

3.66%
2,070,859.38
251.36

1.97%
34,840.42
Aaa/AA+
AA+

4.00 3.63
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,220,224.06
103.12

3.67%
2,268,664.07
41,340.66

2.15%
48,440.01
Aaa/AA+
AA+

4.08 3.65
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 09/26/2024

3.56%
2,038,515.62
2,033,810.09
101.25

3.68%
2,025,078.12
19,889.50

1.92%
(8,731.97)
Aaa/AA+
AA+

4.25 3.85
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,923,905.01

97.78 3.68%
1,955,546.88
10,529.89

1.86%
31,641.87
Aaa/AA+
AA+

4.34 3.99
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.10%
2,177,828.13
2,180,076.20
100.74

3.69%
2,216,328.14
7,220.63

2.10%
36,251.94
Aaa/AA+
AA+

4.42 4.02
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 2,500,000.00 04/29/2025

3.77%
2,523,535.16
2,523,520.85
101.23

3.70%
2,530,859.38
271.74

2.40%
7,338.52
Aaa/AA+
AA+

4.50 4.09
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,368,367.83
101.82

3.69%
2,443,593.74
41,340.66

2.32%
75,225.91
Aaa/AA+
AA+

4.59 4.08
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 2,500,000.00 04/29/2025

3.78%
2,550,488.28
2,550,459.21
102.33

3.71%
2,558,300.78
26,415.75

2.43%
7,841.56
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
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,200,000.00 03/28/2025

4.03%
2,197,507.81
2,197,554.94
101.30

3.70%
2,228,531.25
14,826.09

2.12%
30,976.31
Aaa/AA+
AA+

4.83 4.34
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 2,500,000.00 04/29/2025

3.80%
2,480,664.06
2,480,674.83

99.54 3.73%
2,488,378.90
7,675.89

2.36%
7,704.07
Aaa/AA+
AA+

4.92 4.45
Total US Treasury 33,725,000.00 3.76%
33,622,282.25
33,658,084.75
100.70

3.68%
33,946,415.06
229,860.98

32.23%
288,330.31

4.01 3.64
Total Portfolio 105,050,674.23 3.56%
104,886,985.24
104,909,288.51

99.90 3.98%
105,311,814.49
702,204.70
100.00%
402,525.98

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

ACQUISITIONS
Purchase 04/02/2025 31846V203 1,383.62 FIRST AMER:GVT OBLG Y 1.000 3.96% (1,383.62) 0.00 (1,383.62) 0.00 Purchase 04/15/2025 31846V203 41,380.12 FIRST AMER:GVT OBLG Y 1.000 3.94% (41,380.12) 0.00 (41,380.12) 0.00 Purchase 04/16/2025 31846V203 20,000.00 FIRST AMER:GVT OBLG Y 1.000 3.96% (20,000.00) 0.00 (20,000.00) 0.00 Purchase 04/21/2025 31846V203 17,505.50 FIRST AMER:GVT OBLG Y 1.000 3.94% (17,505.50) 0.00 (17,505.50) 0.00 Purchase 04/21/2025 31846V203 5,628.33 FIRST AMER:GVT OBLG Y 1.000 3.94% (5,628.33) 0.00 (5,628.33) 0.00 Purchase 04/22/2025 31846V203 1,263,018.75 FIRST AMER:GVT OBLG Y 1.000 3.94% (1,263,018.75) 0.00 (1,263,018.75) 0.00 Purchase 04/25/2025 31846V203 2,584.00 FIRST AMER:GVT OBLG Y 1.000 3.92% (2,584.00) 0.00 (2,584.00) 0.00 Purchase 04/25/2025 31846V203 15,205.24 FIRST AMER:GVT OBLG Y 1.000 3.92% (15,205.24) 0.00 (15,205.24) 0.00 Purchase 04/28/2025 31846V203 4,030,650.00 FIRST AMER:GVT OBLG Y 1.000 3.94% (4,030,650.00) 0.00 (4,030,650.00) 0.00 Purchase 04/29/2025 31846V203 2,409,000.00 FIRST AMER:GVT OBLG Y 1.000 3.97% (2,409,000.00) 0.00 (2,409,000.00) 0.00 Purchase 04/30/2025 91282CFT3 2,500,000.00 UNITED STATES TREASURY

4.0 10/31/2029 100.941 3.77% (2,523,535.16) 0.00 (2,523,535.16) 0.00 Purchase 04/30/2025 91282CMG3 2,500,000.00 UNITED STATES TREASURY

4.25 01/31/2030 102.020 3.78% (2,550,488.28) (26,122.24) (2,576,610.52) 0.00 Purchase 04/30/2025 91282CGS4 2,500,000.00 UNITED STATES TREASURY

3.625 03/31/2030 99.227 3.80% (2,480,664.06) (7,428.28) (2,488,092.34) 0.00 Purchase 04/30/2025 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 99.991 4.53% (329,970.20) 0.00 (329,970.20) 0.00 Total Purchase 15,636,355.56 (15,691,013.26) (33,550.52) (15,724,563.78) 0.00 TOTAL
ACQUISITIONS 15,636,355.56 (15,691,013.26) (33,550.52) (15,724,563.78) 0.00

DISPOSITIONS
Maturity 04/28/2025 3130ANA42 (4,000,000.00) FEDERAL HOME LOAN BANKS 0.65 04/28/2025 100.000 0.65% 4,000,000.00 0.00 4,000,000.00 0.00 Maturity 04/29/2025 3130AMBG6 (2,400,000.00) FEDERAL HOME LOAN BANKS 0.75 04/29/2025 100.000 0.75% 2,400,000.00 0.00 2,400,000.00 0.00 Total Maturity (6,400,000.00) 6,400,000.00 0.00 6,400,000.00 0.00 Sale 04/15/2025 31846V203 (4,414.49) FIRST AMER:GVT OBLG Y 1.000 3.94% 4,414.49 0.00 4,414.49 0.00 Sale 04/24/2025 31846V203 (705.12) FIRST AMER:GVT OBLG Y 1.000 3.92% 705.12 0.00 705.12 0.00 Sale 04/30/2025 31846V203 (7,808,594.47) FIRST AMER:GVT OBLG Y 1.000 3.97% 7,808,594.47 0.00 7,808,594.47 0.00 501
CONFIDENTIAL | 11
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 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 Sale (7,813,714.08) 7,813,714.08 0.00 7,813,714.08 0.00 TOTAL
DISPOSITIONS (14,213,714.08) 14,213,714.08 0.00 14,213,714.08 0.00 OTHER

TRANSACTIONS
Call Redemption 04/22/2025 46647PBK1 (1,250,000.00) JPMORGAN CHASE & CO

2.083 04/22/2026 100.000 4.69% 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 04/15/2025 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 3.39% 1,428.94 0.00 1,428.94 0.00
Coupon 04/15/2025 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 2,002.00 0.00 2,002.00 0.00
Coupon 04/15/2025 44935CAD3 0.00 HART 2025-A A3 4.32
10/15/2029 4.84% 2,514.60 0.00 2,514.60 0.00
Coupon 04/15/2025 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2026 4.92% 1,420.42 0.00 1,420.42 0.00
Coupon 04/15/2025 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 2,074.71 0.00 2,074.71 0.00
Coupon 04/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 1,997.50 0.00 1,997.50 0.00
Coupon 04/15/2025 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 04/15/2025 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 04/15/2025 44934QAD3 0.00 HART 2024-B A3 4.84
03/15/2029 5.45% 1,149.50 0.00 1,149.50 0.00
Coupon 04/15/2025 47786WAD2 0.00 JDOT 2024-B A3 5.2
03/15/2029 5.81% 2,210.00 0.00 2,210.00 0.00
Coupon 04/16/2025 89236THP3 0.00 TOYOTA MOTOR CREDIT
CORP 0.8 10/16/2025 0.70% 20,000.00 0.00 20,000.00 0.00 502
CONFIDENTIAL | 12
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 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 04/20/2025 36271VAD9 0.00 GMALT 2025-1 A3 4.66
02/21/2028 4.66% 1,669.83 0.00 1,669.83 0.00
Coupon 04/21/2025 43814VAC1 0.00 HAROT 2025-1 A3 4.57
09/21/2029 4.57% 3,027.62 0.00 3,027.62 0.00
Coupon 04/21/2025 43813YAC6 0.00 HAROT 2024-3 A3 4.57
03/21/2029 4.66% 2,399.25 0.00 2,399.25 0.00
Coupon 04/21/2025 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.09% 659.48 0.00 659.48 0.00
Coupon 04/21/2025 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.74% 1,559.25 0.00 1,559.25 0.00
Coupon 04/22/2025 46647PBK1 0.00 JPMORGAN CHASE & CO

2.083 04/22/2026 4.69% 13,018.75 0.00 13,018.75 0.00
Coupon 04/25/2025 096924AD7 0.00 BMWOT 2025-A A3 4.56
09/25/2029 4.56% 2,584.00 0.00 2,584.00 0.00
Coupon 04/25/2025 096919AD7 0.00 BMWOT 2024-A A3 5.18
02/26/2029 5.18% 1,942.50 0.00 1,942.50 0.00
Coupon 04/25/2025 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.47% 817.53 0.00 817.53 0.00
Coupon 04/28/2025 3134GW3Z7 0.00

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025

0.60% 24,150.00 0.00 24,150.00 0.00
Coupon 04/28/2025 3130ANA42 0.00 FEDERAL HOME LOAN
BANKS 0.65 04/28/2025 0.65% 6,500.00 0.00 6,500.00 0.00 Coupon 04/29/2025 3130AMBG6 0.00 FEDERAL HOME LOAN
BANKS 0.75 04/29/2025 0.75% 9,000.00 0.00 9,000.00 0.00 Coupon 04/30/2025 91282CKP5 0.00 UNITED STATES TREASURY

4.625 04/30/2029 3.94% 46,250.00 0.00 46,250.00 0.00
Coupon 04/30/2025 3133ERDH1 0.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.75 04/30/2029

4.70% 49,875.00 0.00 49,875.00 0.00
Coupon 04/30/2025 63743HFF4 0.00

NATIONAL RURAL

UTILITIES COOPERATIVE
FINANCE CORP 5.45
10/30/2025

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Total Coupon 0.00 220,895.67 0.00 220,895.67 0.00
Custody Fee 04/24/2025 CCYUSD (705.12) Cash 0.00% (705.12) 0.00 (705.12) 0.00 Total Custody Fee (705.12) (705.12) 0.00 (705.12) 0.00
Dividend 04/30/2025 31846V203 0.00 FIRST AMER:GVT OBLG Y 3.97% 3,705.50 0.00 3,705.50 0.00 Total Dividend 0.00 3,705.50 0.00 3,705.50 0.00
Management Fee 04/15/2025 CCYUSD (6,411.99) Cash 0.00% (6,411.99) 0.00 (6,411.99) 0.00 Total
Management Fee (6,411.99) (6,411.99) 0.00 (6,411.99) 0.00 Principal Paydown 04/15/2025 47800CAC0 19,423.91 JDOT 2023 A3 5.01 11/15/2027 3.39% 19,423.91 -- 19,423.91 0.00
Principal Paydown 04/21/2025 43815JAC7 13,818.40 HAROT 2023-1 A3 5.04 04/21/2027 5.09% 13,818.40 -- 13,818.40 (0.00)
Principal Paydown 04/25/2025 05592XAD2 12,445.21 BMWOT 2023-A A3 5.47 02/25/2028 5.47% 12,445.21 -- 12,445.21 (0.00)
Total Principal
Paydown 45,687.52 45,687.52 -- 45,687.52 (0.00)

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

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
409,027.82
416,386.34
7,806,355.56
(7,813,714.08)
409,027.82

0.00 1,383.62

0.00 0.00

0.00 1,383.62
1,383.62
CCYUSD Receivable
3,705.50
1,383.62

0.00 0.00
3,705.50

0.00 0.00

0.00 Total Cash & Equivalents 412,733.32
417,769.96
7,806,355.56
(7,813,714.08)
412,733.32

0.00 1,383.62

0.00 0.00

0.00 1,383.62 1,383.62

FIXED INCOME
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026
06/07/2023
06/14/2023
350,000.00
349,984.62

0.00 0.00
349,985.75
757.56
1,420.42
757.56
1,420.42

1.13 0.00

1.13 1,421.55
1,421.55
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028
09/12/2023
09/19/2023
1,055,000.00
1,054,967.33

0.00 0.00
1,054,968.10
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
2,999,953.72

0.00 0.00
2,999,958.15
3,091.67

0.00 4,841.67
1,750.00

4.44 0.00

4.44 1,754.44
1,754.44
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029
06/06/2024
06/13/2024
505,000.00
504,976.36

0.00 0.00
504,976.83
1,106.51
2,074.71
1,106.51
2,074.71

0.47 0.00

0.47 2,075.18
2,075.18
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/11/2023
07/18/2023
166,903.11
179,328.31

0.00 (12,445.21)
166,885.01
163.51
817.53
152.16
806.18

1.92 0.00

3.824 01/20/2028
06/27/2024
06/28/2024
1,250,000.00
1,219,144.58

0.00 0.00
1,220,549.23
9,427.22

0.00 13,410.56
3,983.33
1,404.65

0.00 1,404.65
5,387.98
5,387.98
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027
03/30/2023
03/31/2023
1,000,000.00
995,349.39

0.00 0.00
995,505.10
2,219.44

0.00 6,136.11
3,916.67
155.71

0.00 155.71
4,072.38
4,072.38
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
450,000.00
449,943.33

0.00 0.00
449,944.52
388.50
1,942.50
388.50
1,942.50

1.19 0.00

1.19 1,943.69
1,943.69
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029
02/04/2025
02/12/2025
680,000.00
679,934.93

0.00 0.00
679,936.12
516.80
2,584.00
516.80
2,584.00

1.19 0.00

1.19 2,585.19
2,585.19
14913UAX8

CATERPILLAR FINANCIAL
SERVICES CORP 4.8
01/08/2030
01/06/2025
01/08/2025
960,000.00
958,231.42

0.00 0.00
958,261.86
10,624.00

0.00 14,464.00
3,840.00

30.44 0.00

30.44 3,870.44
3,870.44
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,060,000.00
1,059,796.88

0.00 0.00
1,059,801.70
2,430.93
4,558.00
2,430.93
4,558.00

4.82 0.00

4.82 4,562.82
4,562.82
171239AL0 CHUBB INA HOLDINGS LLC

4.65 08/15/2029
09/26/2024
09/27/2024
1,250,000.00
1,277,463.10

0.00 0.00
1,276,936.99
7,427.08

0.00 12,270.83
4,843.75

0.00 (526.11)
(526.11)
4,317.64
4,317.64
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
02/27/2024
02/29/2024
1,250,000.00
1,250,506.08

0.00 0.00
1,250,495.20
5,894.10

0.00 10,946.18
5,052.08

0.00 (10.88)
(10.88)
5,041.21
5,041.21
24422EXD6 JOHN DEERE CAPITAL CORP

5.15 09/08/2026
09/05/2023
09/08/2023
505,000.00
504,828.25

0.00 0.00
504,838.06
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
1,948,441.72

0.00 0.00
1,949,769.40
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

0.00 2,400,000.00

0.00 (2,400,000.00)

0.00 7,600.00
9,000.00

0.00 1,400.00

0.00 0.00

0.00 1,400.00
1,400.00
3130ANA42 FEDERAL HOME LOAN BANKS

0.65 04/28/2025
07/28/2021
07/28/2021

0.00 4,000,000.00

0.00 (4,000,000.00)

0.00 4,550.00
6,500.00

0.00 1,950.00

0.00 0.00

0.00 1,950.00
1,950.00
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
2,035,871.24

0.00 0.00
2,034,869.25
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
2,046,059.20

0.00 0.00
2,045,033.38
29,819.44

0.00 37,736.11
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
2,008,353.08

0.00 0.00
2,007,605.05
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
2,025,129.19

0.00 0.00
2,024,288.75
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
1,999,240.96

0.00 0.00
1,999,289.21
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
2,103,478.57

0.00 0.00
2,103,408.53
41,839.58
49,875.00
277.08
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
8,050,000.00
8,050,000.00

0.00 0.00
8,050,000.00
20,527.50
24,150.00
402.50
4,025.00

0.00 0.00

0.00 4,025.00
4,025.00
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028
02/05/2025
02/12/2025
430,000.00
429,951.47

0.00 0.00
429,952.84
612.27
1,669.83
612.27
1,669.83

1.38 0.00

1.38 1,671.21
1,671.21
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029
11/26/2024
11/27/2024
1,300,000.00
1,274,296.32

0.00 0.00
1,274,766.79
754.54

0.00 5,281.79
4,527.25
470.48

0.00 470.48
4,997.73
4,997.73
437076DC3 HOME DEPOT INC 4.75
06/25/2029
06/27/2024
06/28/2024
1,250,000.00
1,246,597.19

0.00 0.00
1,246,663.22
15,833.33

0.00 20,781.25
4,947.92

66.03 0.00

66.03 5,013.95
5,013.95
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028
11/01/2023
11/08/2023
330,000.00
329,959.46

0.00 0.00
329,960.49
519.75
1,559.25
519.75
1,559.25

1.03 0.00

1.03 1,560.28
1,560.28
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029
08/09/2024
08/21/2024
630,000.00
629,914.22

0.00 0.00
629,916.00
799.75
2,399.25
799.75
2,399.25

1.77 0.00

1.77 2,401.02
2,401.02
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029
02/04/2025
02/11/2025
795,000.00
794,976.22

0.00 0.00
794,976.66
1,009.21
3,027.62
1,009.21
3,027.62

0.44 0.00

0.44 3,028.06
3,028.06
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027
02/16/2023
02/24/2023
143,201.34
157,005.32

0.00 (13,818.40)
143,188.71
219.83
659.48
200.48
640.13

1.80 0.00

0.00 0.00
284,964.12
613.07
1,149.50
613.07
1,149.50

0.76 0.00

0.76 1,150.26
1,150.26
44935CAD3 HART 2025-A A3 4.32
10/15/2029
03/04/2025
03/12/2025
635,000.00
634,907.46

0.00 0.00
634,909.13
1,447.80
2,514.60
1,219.20
2,286.00

1.67 0.00

1.67 2,287.67
2,287.67
44935DAD1 HALST 2025-B A3 4.53
04/17/2028
04/24/2025
04/30/2025
330,000.00

0.00 329,970.20

0.00 329,970.23

0.00 0.00

45.93 45.93

0.03 0.00

0.03 45.95

45.95 4581X0EK0

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
06/27/2023
07/06/2023
1,720,000.00
1,719,481.15

0.00 0.00
1,719,519.21
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
1,959,282.54

0.00 0.00
1,960,302.17
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
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
635,000.00
632,747.95

0.00 0.00
632,785.19
800.36

0.00 2,983.18
2,182.81

37.24 0.00

37.24 2,220.06
2,220.06
46647PBK1 JPMORGAN CHASE & CO

2.083 04/22/2026
05/31/2022
06/02/2022

0.00 1,248,745.52

0.00 (1,250,000.00)

0.00 11,499.90
13,018.75

0.00 1,518.85
1,254.48

0.00 1,254.48
2,773.34
2,773.34
47786WAD2 JDOT 2024-B A3 5.2
03/15/2029
06/11/2024
06/18/2024
510,000.00
509,916.83

0.00 0.00
509,918.56
1,178.67
2,210.00
1,178.67
2,210.00

1.73 0.00

1.73 2,211.73
2,211.73
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
322,836.46
342,225.61

0.00 (19,423.91)
322,804.70
762.10
1,428.94
718.85
1,385.69

3.00 0.00

0.00 0.00
499,969.52
1,352.78
1,997.50
940.00
1,584.72

0.57 0.00

0.57 1,585.29
1,585.29
532457CQ9 ELI LILLY AND CO 4.2
08/14/2029
08/12/2024
08/14/2024
705,000.00
703,650.52

0.00 0.00
703,675.89
3,865.75

0.00 6,333.25
2,467.50

25.37 0.00

25.37 2,492.87
2,492.87
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030
01/03/2025
01/10/2025
1,000,000.00
999,541.29

0.00 0.00
999,549.18
11,137.50

0.00 15,262.50
4,125.00

7.89 0.00

7.89 4,132.89
4,132.89
58933YBH7 MERCK & CO INC 4.05
05/17/2028
09/26/2024
09/27/2024
1,250,000.00
1,260,087.67

0.00 0.00
1,259,815.52
18,843.75

0.00 23,062.50
4,218.75

0.00 (272.15)
(272.15)
3,946.60
3,946.60
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030
01/02/2025
01/09/2025
820,000.00
818,386.66

0.00 0.00
818,414.41
9,152.11

0.00 12,500.44
3,348.33

27.75 0.00

27.75 3,376.09
3,376.09
61747YET8 MORGAN STANLEY 4.679
07/17/2026
12/28/2022
12/30/2022
775,000.00
773,778.57

0.00 0.00
774,121.03
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
494,871.58

0.00 0.00
494,889.75
11,315.56
13,488.75

74.94 2,248.13

18.17 0.00

18.17 2,266.30
2,266.30
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029
12/02/2024
12/05/2024
830,000.00
829,557.21

0.00 0.00
829,564.99
12,302.44

0.00 15,484.11
3,181.67

7.77 0.00

7.77 3,189.44
3,189.44
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
03/27/2024
03/28/2024
1,200,000.00
1,195,792.25

0.00 0.00
1,195,882.35
9,353.33

0.00 13,953.33
4,600.00

90.10 0.00

0.00 0.00
1,465,997.12
6,450.00

0.00 10,950.00
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
194,967.12

0.00 0.00
194,970.23
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
379,944.96

0.00 0.00
379,947.76
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
998,831.72

0.00 0.00
998,866.21
10,752.78

0.00 14,836.11
4,083.33

34.50 0.00

34.50 4,117.83
4,117.83
857477CU5 STATE STREET CORP 4.536
02/28/2028
02/25/2025
02/28/2025
1,285,000.00
1,285,000.00

0.00 0.00
1,285,000.00
5,343.03

0.00 10,200.33
4,857.30

0.00 0.00

0.00 4,857.30
4,857.30
89236THP3 TOYOTA MOTOR CREDIT
CORP 0.8 10/16/2025
11/19/2020
11/19/2020
5,000,000.00
5,002,762.28

0.00 0.00
5,002,343.75
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
469,907.73

0.00 0.00
469,916.22
2,480.56

0.00 4,340.97
1,860.42

8.49 0.00

8.49 1,868.91
1,868.91
9128285M8 UNITED STATES TREASURY

3.125 11/15/2028
12/28/2023
12/29/2023
2,000,000.00
1,951,791.05

0.00 0.00
1,952,883.40
23,653.31

0.00 28,832.87
5,179.56
1,092.35

0.00 1,092.35
6,271.91
6,271.91
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
09/30/2021
09/30/2021
3,000,000.00
2,994,172.59

0.00 0.00
2,994,492.19

71.72 0.00
2,223.36
2,151.64
319.60

3.125 08/31/2029
10/30/2024
10/31/2024
2,000,000.00
1,922,462.91

0.00 0.00
1,923,905.01
5,434.78

0.00 10,529.89
5,095.11
1,442.10

0.00 1,442.10
6,537.21
6,537.21
91282CFL0 UNITED STATES TREASURY

3.875 09/30/2029
10/30/2024
10/31/2024
2,200,000.00
2,179,705.64

0.00 0.00
2,180,076.20
232.92

0.00 7,220.63
6,987.70
370.56

0.00 370.56
7,358.27
7,358.27
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029
04/29/2025
04/30/2025
2,500,000.00

0.00 2,523,535.16

0.00 2,523,520.85

0.00 0.00
271.74
271.74

0.00 (14.31)
(14.31)
257.43
257.43
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030
03/28/2025
03/28/2025
2,200,000.00
2,197,513.35

0.00 0.00
2,197,554.94
7,652.17

0.00 14,826.09
7,173.91

41.58 0.00

41.58 7,215.50
7,215.50
91282CGS4 UNITED STATES TREASURY

3.625 03/31/2030
04/29/2025
04/30/2025
2,500,000.00

0.00 2,480,664.06

0.00 2,480,674.83

0.00 (7,428.28)
7,675.89
247.61

10.77 0.00

10.77 258.37
258.37
91282CGT2 UNITED STATES TREASURY

3.625 03/31/2028 1,825,000.00
1,822,310.26

0.00 0.00
1,822,383.95
180.75

0.00 5,603.40
5,422.64
153.28
(79.59)

73.69 5,496.34
5,496.34
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
03/27/2024
03/28/2024
2,200,000.00
2,205,259.16

0.00 0.00
2,205,148.75
8,130.43

0.00 15,752.72
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
2,167,904.99

0.00 0.00
2,168,564.48
247.95

0.00 7,686.48
7,438.52
659.49

0.00 659.49
8,098.01
8,098.01
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029 2,000,000.00
2,036,759.08

0.00 0.00
2,036,018.96
38,839.78
46,250.00
251.36
7,661.58

0.00 0.00
2,220,224.06
33,181.32

0.00 41,340.66
8,159.34

0.00 (406.92)
(406.92)
7,752.42
7,752.42
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
09/26/2024
09/27/2024
2,000,000.00
2,034,463.64

0.00 0.00
2,033,810.09
13,259.67

0.00 19,889.50
6,629.83

0.00 (653.55)
(653.55)
5,976.29
5,976.29
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/27/2024
12/30/2024
2,400,000.00
2,367,800.95

0.00 0.00
2,368,367.83
33,181.32

0.00 41,340.66
8,159.34
566.88

0.00 566.88
8,726.23
8,726.23
91282CMG3 UNITED STATES TREASURY

4.25 01/31/2030
04/29/2025
04/30/2025
2,500,000.00

0.00 2,550,488.28

0.00 2,550,459.21

0.00 (26,122.24)
26,415.75
293.51

0.00 (29.07)
(29.07)
264.44
264.44
91324PEU2 UNITEDHEALTH GROUP INC

4.25 01/15/2029
05/28/2024
05/29/2024
1,000,000.00
973,134.93

0.00 0.00
973,716.84
8,972.22

0.00 12,513.89
3,541.67
581.91

0.00 581.91
4,123.58
4,123.58
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
560,000.00
559,924.06

0.00 0.00
559,925.44
1,067.73
2,002.00
1,067.73
2,002.00

1.37 0.00

1.37 2,003.37
2,003.37
Total Fixed Income 104,637,940.91
104,301,834.91
7,884,657.70
(7,695,687.52)
104,496,555.19
607,578.05
187,345.15
702,204.70
281,971.79
12,698.05
(6,947.94)
5,750.10
287,721.90 287,721.90
TOTAL PORTFOLIO 105,050,674.23
104,719,604.87
15,691,013.26
(15,509,401.60)
104,909,288.51
607,578.05
188,728.77
702,204.70
283,355.41
12,698.05
(6,947.94)
5,750.10
289,105.52 289,105.52
513
CONFIDENTIAL | 23
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 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 MAY 2025
05/01/2025 Dividend 31846V203 0.00 FIRST AMER:GVT OBLG Y 3,705.50 3,705.50 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 05/15/2026 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 05/15/2029 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 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 05/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 05/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 622.88 622.88 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 2,210.00 2,210.00 05/15/2025 Coupon 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 1,359.10 1,359.10 05/15/2025 Principal Paydown 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 22,658.61 22,658.61 05/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 05/15/2025 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 05/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 05/19/2025 Coupon 58933YBH7 1,250,000.00 MERCK & CO INC 4.05 05/17/2028 25,312.50 25,312.50 05/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 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 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 05/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 05/21/2025 Coupon 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 617.26 617.26 05/21/2025 Principal Paydown 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 12,925.14 12,925.14 05/26/2025 Coupon 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 764.78 764.78 05/26/2025 Principal Paydown 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 11,005.39 11,005.39 05/26/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 05/26/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 May 2025 Total 50,294.64 143,607.65 193,902.29
JUNE 2025
06/02/2025 Coupon 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 514
CONFIDENTIAL | 24
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 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 06/02/2025 Coupon 91282CMA6 2,400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 06/05/2025 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
06/09/2025 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 06/09/2025 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 06/16/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 06/16/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 06/16/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 06/16/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 06/16/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 06/16/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 06/16/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 06/16/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 06/16/2025 Coupon 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 1,264.50 1,264.50 06/16/2025 Principal Paydown 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 20,391.67 20,391.67 06/16/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 06/16/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 06/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 06/23/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 06/23/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 06/23/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 06/23/2025 Coupon 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 562.98 562.98 06/23/2025 Principal Paydown 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 12,640.49 12,640.49 06/25/2025 Coupon 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 714.61 714.61 06/25/2025 Principal Paydown 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 10,796.27 10,796.27 06/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 06/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 06/25/2025 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 June 2025 Total 43,828.43 266,808.97 310,637.40
JULY 2025
07/08/2025 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
515
CONFIDENTIAL | 25
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 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 07/09/2025 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
07/10/2025 Coupon 57629TBV8 1,000,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 24,750.00 24,750.00
07/14/2025 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
07/14/2025 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 07/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 07/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 07/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 07/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 07/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 07/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 07/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 07/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 07/15/2025 Coupon 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 1,179.37 1,179.37 07/15/2025 Principal Paydown 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 20,951.82 20,951.82 07/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 07/15/2025 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 07/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 07/17/2025 Coupon 3133EPQC2 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.625 07/17/2026 46,250.00 46,250.00
07/17/2025 Coupon 61747YET8 775,000.00 MORGAN STANLEY 4.679 07/17/2026 18,131.13 18,131.13 07/17/2025 Effective Maturity 61747YET8 775,000.00 MORGAN STANLEY 4.679 07/17/2026 775,000.00 775,000.00 07/21/2025 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 07/21/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 07/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 07/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 07/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 07/21/2025 Coupon 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 509.89 509.89 07/21/2025 Principal Paydown 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 12,340.95 12,340.95 07/25/2025 Coupon 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 665.40 665.40 516
CONFIDENTIAL | 26
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 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 07/25/2025 Principal Paydown 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 10,578.39 10,578.39 07/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 07/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 07/29/2025 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 07/31/2025 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 07/31/2025 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 07/31/2025 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 July 2025 Total 818,871.17 418,980.16 1,237,851.33
AUGUST 2025
08/08/2025 Coupon 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 10,500.00 10,500.00 08/13/2025 Coupon 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 4,436.25 4,436.25 08/14/2025 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 08/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 08/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 08/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 08/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 08/15/2025 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 08/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 08/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 08/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 08/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 08/15/2025 Coupon 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 1,091.89 1,091.89 08/15/2025 Principal Paydown 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 19,256.61 19,256.61 08/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 08/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 08/18/2025 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 08/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 08/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 08/21/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 13,014.84 13,014.84 08/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 08/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 08/21/2025 Coupon 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 458.06 458.06 517
CONFIDENTIAL | 27
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/21/2025 Principal Paydown 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 11,964.25 11,964.25 08/21/2025 Coupon 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 11,162.50 11,162.50 08/25/2025 Coupon 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 617.18 617.18 08/25/2025 Principal Paydown 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 10,261.86 10,261.86 08/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 08/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 08/26/2025 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 08/28/2025 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 August 2025 Total 54,497.55 195,079.06 249,576.61
SEPTEMBER 2025
09/02/2025 Coupon 3133EPCF0 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/02/2026 45,000.00 45,000.00
09/02/2025 Coupon 91282CFJ5 2,000,000.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 09/02/2025 Coupon 91282CGQ8 2,200,000.00 UNITED STATES TREASURY 4.0 02/28/2030 44,000.00 44,000.00 09/02/2025 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 09/08/2025 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 09/10/2025 Coupon 3130ATS57 2,000,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 45,000.00 45,000.00 09/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 09/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 09/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 09/15/2025 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 09/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 09/15/2025 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
09/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 09/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 09/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 09/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 09/15/2025 Coupon 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 1,011.50 1,011.50 09/15/2025 Principal Paydown 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 19,624.89 19,624.89 09/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 09/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 518
CONFIDENTIAL | 28
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/22/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 09/22/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,497.75 1,497.75 09/22/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 19,184.50 19,184.50 09/22/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 09/22/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 09/22/2025 Coupon 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 407.81 407.81 09/22/2025 Principal Paydown 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 11,677.85 11,677.85 09/22/2025 Coupon 459058LR2 635,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 13,096.88 13,096.88
09/25/2025 Coupon 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 570.40 570.40 09/25/2025 Principal Paydown 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 10,050.88 10,050.88 09/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 09/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 09/26/2025 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
09/30/2025 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 09/30/2025 Coupon 91282CFL0 2,200,000.00 UNITED STATES TREASURY 3.875 09/30/2029 42,625.00 42,625.00 09/30/2025 Coupon 91282CGS4 2,500,000.00 UNITED STATES TREASURY 3.625 03/31/2030 45,312.50 45,312.50 09/30/2025 Coupon 91282CGT2 1,825,000.00 UNITED STATES TREASURY 3.625 03/31/2028 33,078.13 33,078.13 09/30/2025 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 September 2025
Total 60,538.11 550,447.34 610,985.45
OCTOBER 2025
10/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 10/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 10/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 10/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 10/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 10/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 10/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 10/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 10/15/2025 Coupon 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 929.56 929.56 519
CONFIDENTIAL | 29
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2025 Principal Paydown 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 23,332.67 23,332.67 10/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 10/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 10/16/2025 Coupon 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 20,000.00 20,000.00 10/16/2025 Final Maturity 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 5,000,000.00 5,000,000.00 10/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 10/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,407.11 1,407.11 10/21/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 18,417.17 18,417.17 10/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 10/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 10/21/2025 Coupon 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 358.76 358.76 10/21/2025 Principal Paydown 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 11,244.65 11,244.65 10/27/2025 Coupon 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 524.59 524.59 10/27/2025 Principal Paydown 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 9,671.57 9,671.57 10/27/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 10/27/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 10/28/2025 Coupon 3134GW3Z7 8,050,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 24,150.00 24,150.00
10/28/2025 Final Maturity 3134GW3Z7 8,050,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 8,050,000.00 8,050,000.00
10/30/2025 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/17/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 11/17/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 11/17/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 11/17/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 11/17/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 11/17/2025 Coupon 4581X0EK0 1,720,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.5 05/15/2026 38,700.00 38,700.00
11/17/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 11/17/2025 Coupon 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 832.15 832.15 11/17/2025 Principal Paydown 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 27,281.69 27,281.69 11/17/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 11/17/2025 Coupon 58933YBH7 1,250,000.00 MERCK & CO INC 4.05 05/17/2028 25,312.50 25,312.50 11/17/2025 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 11/17/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 11/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 11/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,320.09 1,320.09 11/21/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 17,970.16 17,970.16 11/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 11/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 11/21/2025 Coupon 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 311.53 311.53 11/21/2025 Principal Paydown 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 9,882.75 9,882.75 11/25/2025 Coupon 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 480.50 480.50 11/25/2025 Principal Paydown 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 8,914.13 8,914.13 11/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 11/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 November 2025
Total 64,048.74 142,874.40 206,923.13
DECEMBER 2025
12/01/2025 Coupon 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 12/01/2025 Coupon 91282CMA6 2,400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 12/05/2025 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
521
CONFIDENTIAL | 31
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/08/2025 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 12/09/2025 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 12/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 12/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 12/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 12/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 12/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 12/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 12/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 12/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 12/15/2025 Coupon 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 718.25 718.25 12/15/2025 Principal Paydown 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 18,241.92 18,241.92 12/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 12/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 12/22/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 12/22/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,235.18 1,235.18 12/22/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 17,065.53 17,065.53 12/22/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 12/22/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 12/22/2025 Coupon 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 270.02 270.02 12/22/2025 Principal Paydown 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 9,435.88 9,435.88 12/25/2025 Coupon 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 439.87 439.87 12/25/2025 Principal Paydown 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 8,294.39 8,294.39 12/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 12/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 12/26/2025 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 December 2025
Total 53,037.73 265,370.95 318,408.67
JANUARY 2026
01/08/2026 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
522
CONFIDENTIAL | 32
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 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 01/09/2026 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
01/12/2026 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
01/12/2026 Coupon 57629TBV8 1,000,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 24,750.00 24,750.00
01/12/2026 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 01/15/2026 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 01/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 01/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 01/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 01/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 01/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 01/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 01/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 01/15/2026 Coupon 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 642.09 642.09 01/15/2026 Principal Paydown 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 20,711.91 20,711.91 01/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 01/15/2026 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 01/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 01/20/2026 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 01/20/2026 Coupon 3133EPQC2 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.625 07/17/2026 46,250.00 46,250.00
01/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 01/21/2026 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,154.54 1,154.54 01/21/2026 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 16,716.75 16,716.75 01/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 01/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 01/21/2026 Coupon 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 230.39 230.39 01/21/2026 Principal Paydown 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 9,229.26 9,229.26 01/21/2026 Coupon 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 9,302.08 9,302.08 01/21/2026 Effective Maturity 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 470,000.00 470,000.00 523
CONFIDENTIAL | 33
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 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 01/26/2026 Coupon 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 402.06 402.06 01/26/2026 Principal Paydown 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 7,799.42 7,799.42 01/26/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 01/26/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,822.32 2,822.32 01/26/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 01/29/2026 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 January 2026 Total 527,279.66 287,941.29 815,220.96
FEBRUARY 2026
02/02/2026 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 02/02/2026 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 02/02/2026 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 02/09/2026 Coupon 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 10,500.00 10,500.00 02/09/2026 Final Maturity 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 3,000,000.00 3,000,000.00 02/13/2026 Coupon 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 4,436.25 4,436.25 02/13/2026 Final Maturity 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 195,000.00 195,000.00 02/16/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 02/16/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 02/16/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 02/16/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 02/16/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 02/16/2026 Coupon 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 555.62 555.62 02/16/2026 Principal Paydown 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 13,704.07 13,704.07 02/16/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 02/17/2026 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 02/17/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 02/17/2026 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 02/17/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 02/17/2026 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 02/17/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 02/18/2026 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 02/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 02/23/2026 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,075.56 1,075.56 524
CONFIDENTIAL | 34
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/23/2026 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 16,449.95 16,449.95 02/23/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 02/23/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 02/23/2026 Coupon 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 191.63 191.63 02/23/2026 Principal Paydown 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 9,056.71 9,056.71 02/25/2026 Coupon 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 366.51 366.51 02/25/2026 Principal Paydown 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 7,695.75 7,695.75 02/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,930.32 1,930.32 02/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 24,982.14 24,982.14 02/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 02/26/2026 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 February 2026
Total 3,266,888.62 273,948.50 3,540,837.12
MARCH 2026
03/02/2026 Coupon 3133EPCF0 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/02/2026 45,000.00 45,000.00
03/02/2026 Final Maturity 3133EPCF0 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/02/2026 2,000,000.00 2,000,000.00
03/02/2026 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 03/02/2026 Coupon 91282CFJ5 2,000,000.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 03/02/2026 Coupon 91282CGQ8 2,200,000.00 UNITED STATES TREASURY 4.0 02/28/2030 44,000.00 44,000.00 03/02/2026 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 03/09/2026 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 03/10/2026 Coupon 3130ATS57 2,000,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 45,000.00 45,000.00 03/16/2026 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 03/16/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 03/16/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 03/16/2026 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 03/16/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 03/16/2026 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
03/16/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 525
CONFIDENTIAL | 35
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/16/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 03/16/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 03/16/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 03/16/2026 Coupon 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 498.40 498.40 03/16/2026 Principal Paydown 47800CAC0 322,836.46 JDOT 2023 A3 5.01 11/15/2027 12,230.00 12,230.00 03/16/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 03/16/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 03/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 03/20/2026 Coupon 459058LR2 635,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 13,096.88 13,096.88
03/23/2026 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 997.83 997.83 03/23/2026 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 15,954.49 15,954.49 03/23/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 03/23/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 03/23/2026 Coupon 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 153.59 153.59 03/23/2026 Principal Paydown 43815JAC7 143,201.34 HAROT 2023-1 A3 5.04 04/21/2027 8,792.64 8,792.64 03/25/2026 Coupon 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 331.43 331.43 03/25/2026 Principal Paydown 05592XAD2 166,903.11 BMWOT 2023-A A3 5.47 02/25/2028 7,481.78 7,481.78 03/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,822.48 1,822.48 03/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 24,210.52 24,210.52 03/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 03/26/2026 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
March 2026 Total 2,068,669.43 398,449.28 2,467,118.71
Grand Total 295,209,700.07 20,615,620.13 3,185,421.49 23,801,041.61 526
CONFIDENTIAL | 36
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 PM 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.

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

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

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a high rating by S&P , Moody’s and Fitch respectively. 527
CONFIDENTIAL | 37
City of Orange | Account #10888 | As of April 30, 2025
Execution Time: 05/02/2025 01:43:35 PM 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. 528

MONTHLY ACCOUNT STATEMENT
City of Orange | Account #10888 | As of May 31, 2025
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 (S&P)
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (01/01/22)
City of Orange (0.19%) 1.15% 2.59% 5.86% 5.03% 3.14% -- -- 1.57% Benchmark Return (0.36%) 1.14% 2.63% 6.02% 4.34% 2.78% -- -- 1.41% Average Modified Duration 2.47
Average Coupon 3.40%
Average Purchase YTM 3.57%
Average Market YTM 4.20%
Average Credit Quality* AA+
Average Final Maturity 2.94
Average Life 2.53
End Values as of
04/30/2025
End Values as of
05/31/2025
Market Value 105,311,814.49 105,097,398.52
Accrued Interest 702,204.70 702,843.24
Total Market Value 106,014,019.18 105,800,241.76
Income Earned 289,105.52 214,584.23
Cont/WD 0.00 0.00
Par 105,050,674.23 105,472,230.97
Book Value 104,909,288.51 105,214,337.99
Cost Value 104,886,985.24 105,141,814.62
Government of The United States 35.04%
Federal Home Loan Banks 8.41%
Federal Home Loan Mortgage Corp 7.54%
Toyota Motor Corporation 4.69%
Farm Credit System 3.97%
Apple Inc. 2.78%
International Bank for Recon and Dev 2.49%
PepsiCo, Inc. 1.96%
**Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Secondary Benchmark:
*The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch. 530
CONFIDENTIAL | 3
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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
(07/01/2024)
Beginning Book Value 104,909,288.51 102,308,638.77
Maturities/Calls 0.00 (14,975,000.00)
Principal Paydowns (52,371.18) (302,510.37)
Purchases 7,851,359.27 69,182,963.85
Sales (7,597,198.51) (51,177,529.09)
Change in Cash, Payables, Receivables 96,508.28 95,570.09 Amortization/Accretion 5,010.68 61,620.78
Realized Gain (Loss) 1,740.94 20,583.96
Ending Book Value 105,214,337.99 105,214,337.99
Month to Date Fiscal Year to Date
(07/01/2024)
Beginning Market Value 105,311,814.49 99,910,914.20
Maturities/Calls 0.00 (14,975,000.00)
Principal Paydowns (52,371.18) (302,510.37)
Purchases 7,851,359.27 69,182,963.85
Sales (7,597,198.51) (51,177,529.09)
Change in Cash, Payables, Receivables 96,508.28 95,570.09 Amortization/Accretion 5,010.68 61,620.78
Change in Net Unrealized Gain (Loss) (519,465.45) 2,280,785.10 Realized Gain (Loss) 1,740.94 20,583.96
Ending Market Value 105,097,398.52 105,097,398.52
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (14,975,000.00)
Principal Paydowns
Month to Date (52,371.18)
Fiscal Year to Date (302,510.37)
Purchases
Month to Date 7,851,359.27
Fiscal Year to Date 69,182,963.85
Sales
Month to Date (7,597,198.51)
Fiscal Year to Date (51,177,529.09)
Interest Received
Month to Date 147,282.09
Fiscal Year to Date 2,711,304.49
Purchased / Sold Interest
Month to Date 61,652.92
Fiscal Year to Date 94,162.37
531
CONFIDENTIAL | 4
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027 129,828.07 02/16/2023

5.09%
129,803.95
129,817.11
100.19

4.68%
130,077.31
181.76

0.12%
260.20
Aaa/NA
AAA

1.89 0.46
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 296,084.58 02/22/2023

3.39%
296,030.63
296,056.43
100.23

4.64%
296,770.51
659.28

0.28%
714.09
Aaa/NA
AAA

2.46 0.55
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 430,000.00 02/05/2025

4.66%
429,949.26
429,954.27
100.39

4.45%
431,680.91
612.27

0.41%
1,726.64
NA/AAA
AAA

2.73 1.50
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 154,657.08 07/11/2023

5.47%
154,629.67
154,640.81
100.67

4.40%
155,686.08
141.00

0.15%
1,045.26
NA/AAA
AAA

2.74 0.59
44935DAD1 HALST 2025-B A3 4.53
04/17/2028 330,000.00 04/24/2025

4.53%
329,970.20
329,971.08
100.35

4.39%
331,158.83
664.40

0.32%
1,187.75
NA/AAA
AAA

2.88 1.86
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026 350,000.00 06/07/2023

4.92%
349,968.96
349,986.92
100.43

4.45%
351,510.78
757.56

0.33%
1,523.86
NA/AAA
AAA

0.96 0.91
362962AD4 GMALT 2025-2 A3 4.58
05/20/2028 985,000.00 --

4.80%
985,558.36
985,556.12
100.00

4.62%
985,000.00
250.63

0.94%
(556.12)
NA/AAA
AAA

2.97 1.68
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 330,000.00 11/01/2023

5.74%
329,941.89
329,961.56
101.15

4.48%
333,795.99
519.75

0.32%
3,834.43
Aaa/NA
AAA

3.06 0.90
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,968.90
101.06

4.42%
1,066,183.32
2,452.29

1.01%
11,214.41
NA/AAA
AAA

3.29 1.22
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.23%
1,059,706.17
1,059,806.69
100.98

4.41%
1,070,422.98
2,430.93

1.02%
10,616.29
NA/AAA
AAA

3.29 1.22
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 450,000.00 06/04/2024

5.18%
449,931.65
449,945.75
100.85

4.52%
453,826.35
388.50

0.43%
3,880.60
Aaa/AAA
NA

3.74 1.19
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 510,000.00 06/11/2024

5.81%
509,900.30
509,920.34
101.41

4.10%
517,210.84
1,178.67

0.49%
7,290.49
Aaa/NA
AAA

3.79 1.22
44934QAD3 HART 2024-B A3 4.84
03/15/2029 285,000.00 07/16/2024

5.45%
284,956.99
284,964.91
100.81

4.34%
287,294.34
613.07

0.27%
2,329.43
NA/AAA
AAA

3.79 1.47
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 630,000.00 08/09/2024

4.66%
629,901.03
629,917.83
100.37

4.35%
632,301.71
799.75

0.60%
2,383.87
Aaa/NA
AAA

3.80 1.36
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 530,000.00 05/14/2025

4.66%
529,935.39
529,935.89
100.72

4.33%
533,833.70
678.69

0.51%
3,897.81
NA/AAA
AAA

3.88 2.21
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,977.32
101.27

4.29%
511,399.76
1,106.51

0.49%
6,422.44
Aaa/AAA
NA

3.96 1.82
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 500,000.00 03/04/2025

5.09%
499,968.55
499,970.11

99.87 4.33%
499,340.25
940.00

0.48%
(629.86)
Aaa/NA
AAA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029 795,000.00 02/04/2025

4.57%
794,975.51
794,977.11
100.71

4.24%
800,618.82
1,009.21

0.76%
5,641.71
NA/AAA
AAA

4.31 1.89
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 680,000.00 02/04/2025

4.56%
679,933.02
679,937.35
100.55

4.27%
683,738.30
516.80

0.65%
3,800.95
Aaa/AAA
NA

4.32 1.65
44935CAD3 HART 2025-A A3 4.32
10/15/2029 635,000.00 03/04/2025

4.84%
634,906.34
634,910.86

99.99 4.36%
634,951.61
1,219.20

0.60%

40.75 NA/AAA
AAA

4.38 2.05
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 560,000.00 10/17/2024

4.29%
559,916.78
559,926.86
100.06

4.30%
560,347.59
1,067.73

0.53%
420.74
Aaa/AAA
NA

4.38 2.21
Total ABS 11,200,569.72 4.91%
11,199,809.16
11,200,104.22
100.60

4.39%
11,267,149.98
18,188.00

10.72%
67,045.76

3.54 1.52
AGENCY
3134GW3Z7

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025
8,050,000.00 10/28/2020

0.60%
8,050,000.00
8,050,000.00

98.45 4.48%
7,925,499.42
4,427.50

7.54%
(124,500.58)
Aa1/AA+
AA+

0.41 0.40
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

96.31 4.19%
4,815,561.90
15,250.00

4.58%
(184,438.10)
Aa1/AA+
AA+

1.16 1.13
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
2,023,420.29
100.90

3.96%
2,018,069.22
18,472.22

1.92%
(5,351.07)
Aa1/AA+
AA+

2.29 2.14
3130AEB25 FEDERAL HOME LOAN BANKS

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

4.15%
1,921,180.00
1,951,141.34

98.40 3.81%
1,968,062.12
31,055.56

1.87%
16,920.78
Aa1/AA+
AA+

3.02 2.80
3130AXQK7 FEDERAL HOME LOAN BANKS

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

4.05%
2,060,660.00
2,043,973.37
102.57

3.96%
2,051,404.10
45,652.78

1.95%
7,430.73
Aa1/AA+
AA+

3.52 3.15
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
2,103,336.16
102.34

4.10%
2,149,138.22
8,589.58

2.04%
45,802.06
Aa1/AA+
AA+

3.91 3.53
Total Agency 21,150,000.00 2.07%
21,191,823.00
21,171,871.16

98.99 4.21%
20,927,734.98
123,447.64

19.91%
(244,136.18)

1.68 1.55
CASH
CCYUSD Receivable 100,213.78 --

0.00%
100,213.78
100,213.78

1.00 0.00%
100,213.78

0.00 0.10%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 100,213.78 0.00%
100,213.78
100,213.78

1.00 0.00%
100,213.78

0.00 0.10%

0.00 0.00

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

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

COMMERCIAL
PAPER
62479MBH5 MUFG Bank, Ltd. - New York
Branch 02/17/2026 2,000,000.00 05/23/2025

4.41%
1,936,898.89
1,938,085.00

96.88 4.51%
1,937,562.00

0.00 1.84%
(523.00)
P-1/A-1
NA

0.72 0.37
Total Commercial
Paper 2,000,000.00 4.41%
1,936,898.89
1,938,085.00

96.88 4.51%
1,937,562.00

0.00 1.84%
(523.00)

0.72 0.37

CORPORATE
89236THP3 TOYOTA MOTOR CREDIT CORP

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

0.70%
5,025,000.00
5,001,911.27

98.65 4.49%
4,932,328.85
5,000.00

4.69%
(69,582.42)
A1/A+
A+

0.38 0.37
63743HFF4

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

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

5.50%
494,336.70
494,908.53
100.35

4.56%
496,728.26
2,323.06

0.47%
1,819.73
A2/A-
A

0.42 0.40
037833EB2 APPLE INC 0.7 02/08/2026 3,000,000.00 02/08/2021

0.70%
2,999,730.00
2,999,962.74

97.57 4.35%
2,926,950.63
6,591.67

2.78%
(73,012.11)
Aaa/AA+
NA

0.69 0.67
713448FQ6 PEPSICO INC 4.55 02/13/2026 195,000.00 02/13/2023

4.57%
194,886.90
194,973.43
100.09

4.41%
195,177.74
2,661.75

0.19%
204.31
A1/A+
NA

0.71 0.59
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026 470,000.00 02/13/2023

4.77%
469,689.80
469,925.00
100.24

4.40%
471,117.47
6,201.39

0.45%
1,192.47
A3/A-
A-

0.73 0.61
61747YET8 MORGAN STANLEY 4.679
07/17/2026 775,000.00 12/28/2022

5.76%
764,390.25
774,474.90

99.99 5.89%
774,895.76
13,497.62

0.74%
420.86
A1/A-
A+

1.13 0.12
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,848.21
101.10

4.25%
510,535.77
5,996.17

0.49%
5,687.56
A1/A
A+

1.27 1.20
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,950.67
101.28

4.19%
384,879.09
1,136.04

0.37%
4,928.43
A1/A+
NA

1.45 1.30
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027 1,000,000.00 03/30/2023

4.91%
991,550.00
995,666.00
100.56

4.44%
1,005,558.39
10,052.78

0.96%
9,892.39
A2/A-
AA-

2.29 2.05
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
998,901.86
101.42

4.32%
1,014,190.27
18,919.44

0.97%
15,288.41
A1/A
AA-

2.62 2.39
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,222,000.69

98.66 5.24%
1,233,236.08
17,393.89

1.17%
11,235.38
A1/A-
AA-

2.64 1.54
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,467,027.51

98.80 4.07%
1,481,995.46
15,450.00

1.41%
14,967.94
A1/A+
NA

2.72 2.53
857477CU5 STATE STREET CORP 4.536
02/28/2028 1,285,000.00 02/25/2025

4.51%
1,285,000.00
1,285,000.00
100.78

4.23%
1,295,001.76
15,057.63

1.23%
10,001.76
Aa3/A
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
58933YBH7 MERCK & CO INC 4.05
05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,259,534.30

99.98 4.06%
1,249,719.66
1,968.75

1.19%
(9,814.64)
Aa3/A+
NA

2.96 2.76
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
974,318.16

98.82 4.61%
988,216.80
16,055.56

0.94%
13,898.64
A2/A+
A

3.63 3.26
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,195,975.46
100.89

4.33%
1,210,657.78
18,553.33

1.15%
14,682.32
A1/A+
NA

3.67 3.29
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,483.97
101.99

4.27%
1,274,841.74
15,998.26

1.21%
24,357.77
A1/AA-
NA

3.74 3.28
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,246,731.45
101.51

4.34%
1,268,920.64
25,729.17

1.21%
22,189.19
A2/A
A

4.07 3.53
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
703,702.10

99.84 4.24%
703,885.21
8,800.75

0.67%
183.11
Aa3/A+
NA

4.21 3.77
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,276,393.34
100.98

4.39%
1,262,277.83
17,114.58

1.20%
(14,115.51)
A2/A
A

4.21 3.67
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,275,252.95

99.02 4.43%
1,287,261.63
9,809.04

1.22%
12,008.67
Aa1/AA+
NA

4.32 3.88
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,573.02
100.49

4.48%
834,041.30
18,665.78

0.79%
4,468.29
Aa1/AA+
AAA

4.51 3.94
14913UAX8 CATERPILLAR FINANCIAL
SERVICES CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,293.31
101.88

4.34%
978,005.33
18,304.00

0.93%
19,712.01
A2/A
A+

4.61 4.02
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,443.09
101.50

4.53%
832,307.78
15,848.78

0.79%
13,864.70
Aa3/AA-
AA-

4.61 4.01
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,000,000.00 01/03/2025

4.96%
999,520.00
999,557.33
101.24

4.65%
1,012,412.70
19,387.50

0.96%
12,855.37
Aa3/AA+
AA+

4.61 4.01
Total Corporate 29,670,000.00 3.68%
29,548,320.95
29,577,809.27

99.87 4.45%
29,625,143.92
306,516.94

28.19%
47,334.64

2.52 2.20

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 71,447.47 --

3.94%
71,447.47
71,447.47

1.00 3.94%
71,447.47

0.00 0.07%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 71,447.47 3.94%
71,447.47
71,447.47

1.00 3.94%
71,447.47

0.00 0.07%

0.00 0.00

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
4581X0EK0

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

4.53%
1,718,675.60
1,719,558.53
100.28

4.20%
1,724,756.01
3,440.00

1.64%
5,197.47
Aaa/AAA
NA

0.96 0.92
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
1,961,355.80

98.74 3.93%
1,974,779.26
27,027.78

1.88%
13,423.46
Aaa/AAA
NA

3.11 2.88
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
635,000.00 03/14/2025

4.20%
632,733.05
632,823.68
100.48

4.01%
638,029.11
5,165.99

0.61%
5,205.43
Aaa/AAA
NA

4.80 4.28
Total
Supranational 4,355,000.00 4.33%
4,289,788.65
4,313,738.01

99.61 4.05%
4,337,564.38
35,633.77

4.13%
23,826.37

2.50 2.31

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

1.01%
2,980,546.88
2,994,822.44

95.93 4.05%
2,878,007.82
4,446.72

2.74%
(116,814.62)
Aa1/AA+
AA+

1.33 1.29
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 1,825,000.00 --

3.68%
1,822,165.04
1,822,460.10

99.38 3.86%
1,813,593.75
11,206.80

1.73%
(8,866.35)
Aa1/AA+
AA+

2.84 2.65
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 2,000,000.00 12/28/2023

3.86%
1,935,078.13
1,954,012.16

97.54 3.89%
1,950,703.12
2,887.23

1.86%
(3,309.04)
Aa1/AA+
AA+

3.46 3.23
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,200,000.00 03/27/2024

4.18%
2,206,617.19
2,205,034.66
101.18

3.91%
2,225,867.18
23,629.08

2.12%
20,832.52
Aa1/AA+
AA+

3.75 3.40
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,169,245.95
100.75

3.91%
2,216,500.00
15,372.95

2.11%
47,254.05
Aa1/AA+
AA+

3.83 3.49
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,000,000.00 --

4.13%
2,042,382.82
2,035,254.18
102.54

3.92%
2,050,703.12
8,043.48

1.95%
15,448.94
Aa1/AA+
AA+

3.91 3.54
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,219,803.57
102.12

3.92%
2,246,578.14
270.49

2.14%
26,774.57
Aa1/AA+
AA+

4.00 3.63
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 09/26/2024

3.56%
2,038,515.62
2,033,134.76
100.27

3.93%
2,005,312.50
26,740.33

1.91%
(27,822.26)
Aa1/AA+
AA+

4.17 3.75
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,925,395.18

96.86 3.94%
1,937,109.38
15,794.84

1.84%
11,714.20
Aa1/AA+
AA+

4.25 3.90
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.10%
2,177,828.13
2,180,459.11

99.74 3.94%
2,194,242.18
14,441.26

2.09%
13,783.07
Aa1/AA+
AA+

4.33 3.92
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 2,500,000.00 04/29/2025

3.77%
2,523,535.16
2,523,077.33
100.23

3.94%
2,505,761.73
8,695.65

2.38%
(17,315.61)
Aa1/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
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,368,953.61
100.75

3.94%
2,418,093.74
270.49

2.30%
49,140.13
Aa1/AA+
AA+

4.50 4.07
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 2,500,000.00 04/29/2025

3.78%
2,550,488.28
2,549,558.16
101.23

3.96%
2,530,859.38
35,514.50

2.41%
(18,698.78)
Aa1/AA+
AA+

4.67 4.14
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00 --

4.02%
2,697,195.31
2,697,285.77
100.21

3.95%
2,705,800.79
27,293.48

2.57%
8,515.02
Aa1/AA+
AA+

4.75 4.24
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 2,500,000.00 04/29/2025

3.80%
2,480,664.06
2,481,008.58

98.49 3.97%
2,462,207.03
15,351.78

2.34%
(18,801.55)
Aa1/AA+
AA+

4.83 4.36
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 2,700,000.00 05/29/2025

4.03%
2,681,542.97
2,681,563.52

99.60 3.96%
2,689,242.17
9,097.83

2.56%
7,678.65
Aa1/AA+
AA+

4.91 4.42
Total US Treasury 36,925,000.00 3.78%
36,803,512.72
36,841,069.08

99.78 3.94%
36,830,582.02
219,056.90

35.04%
(10,487.06)

4.00 3.63
Total Portfolio 105,472,230.97 3.57%
105,141,814.62
105,214,337.99

99.51 4.20%
105,097,398.52
702,843.24
100.00%
(116,939.47)

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

ACQUISITIONS
Purchase 05/02/2025 31846V203 3,705.50 FIRST AMER:GVT OBLG Y 1.000 3.96% (3,705.50) 0.00 (3,705.50) 0.00 Purchase 05/12/2025 31846V203 9,737.50 FIRST AMER:GVT OBLG Y 1.000 3.90% (9,737.50) 0.00 (9,737.50) 0.00 Purchase 05/15/2025 31846V203 41,608.88 FIRST AMER:GVT OBLG Y 1.000 3.92% (41,608.88) 0.00 (41,608.88) 0.00 Purchase 05/15/2025 31846V203 79,124.89 FIRST AMER:GVT OBLG Y 1.000 3.92% (79,124.89) 0.00 (79,124.89) 0.00 Purchase 05/19/2025 31846V203 25,312.50 FIRST AMER:GVT OBLG Y 1.000 3.92% (25,312.50) 0.00 (25,312.50) 0.00 Purchase 05/20/2025 31846V203 1,669.83 FIRST AMER:GVT OBLG Y 1.000 3.91% (1,669.83) 0.00 (1,669.83) 0.00 Purchase 05/21/2025 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 99.988 4.66% (529,935.39) 0.00 (529,935.39) 0.00 Purchase 05/21/2025 31846V203 20,960.84 FIRST AMER:GVT OBLG Y 1.000 3.90% (20,960.84) 0.00 (20,960.84) 0.00 Purchase 05/27/2025 62479MBH5 2,000,000.00 MUFG Bank, Ltd. - New York Branch 02/17/2026 96.845 4.41% (1,936,898.89) 0.00 (1,936,898.89) 0.00 Purchase 05/27/2025 31846V203 13,006.83 FIRST AMER:GVT OBLG Y 1.000 3.89% (13,006.83) 0.00 (13,006.83) 0.00 Purchase 05/27/2025 31846V203 516,584.39 FIRST AMER:GVT OBLG Y 1.000 3.89% (516,584.39) 0.00 (516,584.39) 0.00 Purchase 05/28/2025 31846V203 506,025.00 FIRST AMER:GVT OBLG Y 1.000 3.91% (506,025.00) 0.00 (506,025.00) 0.00 Purchase 05/29/2025 362962AD4 485,000.00 GMALT 2025-2 A3 4.58 05/20/2028 99.998 4.84% (484,991.95) 0.00 (484,991.95) 0.00 Purchase 05/29/2025 362962AD4 500,000.00 GMALT 2025-2 A3 4.58 05/20/2028 100.113 4.77% (500,566.41) 0.00 (500,566.41) 0.00 Purchase 05/30/2025 91282CMZ1 2,700,000.00 UNITED STATES TREASURY

3.875 04/30/2030 99.316 4.03% (2,681,542.97) (8,529.21) (2,690,072.18) 0.00 Purchase 05/30/2025 91282CGQ8 500,000.00 UNITED STATES TREASURY

4.0 02/28/2030 99.938 4.01% (499,687.50) (4,945.65) (504,633.15) 0.00 Total Purchase 7,932,736.16 (7,851,359.27) (13,474.86) (7,864,834.13) 0.00 TOTAL
ACQUISITIONS 7,932,736.16 (7,851,359.27) (13,474.86) (7,864,834.13) 0.00

DISPOSITIONS
Sale 05/12/2025 31846V203 (6,435.17) FIRST AMER:GVT OBLG Y 1.000 3.90% 6,435.17 0.00 6,435.17 0.00 Sale 05/21/2025 31846V203 (529,935.39) FIRST AMER:GVT OBLG Y 1.000 3.90% 529,935.39 0.00 529,935.39 0.00 Sale 05/23/2025 31846V203 (710.26) FIRST AMER:GVT OBLG Y 1.000 3.89% 710.26 0.00 710.26 0.00 538
CONFIDENTIAL | 11
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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
Sale 05/27/2025 3133EPQC2 (2,000,000.00)

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.625 07/17/2026
100.524 4.66% 2,010,480.00 (33,402.78) 2,043,882.78 11,148.98 Sale 05/27/2025 3133EPCF0 (400,000.00)

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.5 03/02/2026
100.206 4.01% 400,824.00 (4,250.00) 405,074.00 (567.35) Sale 05/28/2025 3133EPCF0 (500,000.00)

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.5 03/02/2026
100.130 4.01% 500,650.00 (5,375.00) 506,025.00 (1,082.95) Sale 05/29/2025 31846V203 (985,558.36) FIRST AMER:GVT OBLG Y 1.000 3.93% 985,558.36 0.00 985,558.36 0.00 Sale 05/30/2025 3133EPCF0 (1,100,000.00)

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.5 03/02/2026
100.168 4.01% 1,101,848.00 (12,100.00) 1,113,948.00 (1,937.07) Sale 05/30/2025 31846V203 (32,677.33) FIRST AMER:GVT OBLG Y 1.000 3.94% 32,677.33 0.00 32,677.33 0.00 Sale 05/30/2025 3130ATS57 (2,000,000.00) FEDERAL HOME LOAN BANKS 4.5 03/10/2028 101.404 3.82% 2,028,080.00 (20,000.00) 2,048,080.00 (5,820.66) Total Sale (7,555,316.51) 7,597,198.51 (75,127.78) 7,672,326.29 1,740.95 TOTAL
DISPOSITIONS (7,555,316.51) 7,597,198.51 (75,127.78) 7,672,326.29 1,740.95 OTHER

TRANSACTIONS
Coupon 05/10/2025 713448FW3 0.00 PEPSICO INC 5.125
11/10/2026 5.13% 9,737.50 0.00 9,737.50 0.00
Coupon 05/15/2025 47786WAD2 0.00 JDOT 2024-B A3 5.2
03/15/2029 5.81% 2,210.00 0.00 2,210.00 0.00
Coupon 05/15/2025 44934QAD3 0.00 HART 2024-B A3 4.84
03/15/2029 5.45% 1,149.50 0.00 1,149.50 0.00
Coupon 05/15/2025 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 05/15/2025 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 4,558.00 0.00 4,558.00 0.00
539
CONFIDENTIAL | 12
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 05/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 1,762.50 0.00 1,762.50 0.00
Coupon 05/15/2025 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 2,074.71 0.00 2,074.71 0.00
Coupon 05/15/2025 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2026 4.92% 1,420.42 0.00 1,420.42 0.00
Coupon 05/15/2025 44935CAD3 0.00 HART 2025-A A3 4.32
10/15/2029 4.84% 2,286.00 0.00 2,286.00 0.00
Coupon 05/15/2025 44935DAD1 0.00 HALST 2025-B A3 4.53
04/17/2028 4.53% 622.88 0.00 622.88 0.00
Coupon 05/15/2025 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 05/15/2025 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 2,002.00 0.00 2,002.00 0.00
Coupon 05/15/2025 9128285M8 0.00 UNITED STATES TREASURY

3.125 11/15/2028 3.86% 31,250.00 0.00 31,250.00 0.00
Coupon 05/15/2025 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 3.39% 1,347.84 0.00 1,347.84 0.00
Coupon 05/17/2025 58933YBH7 0.00 MERCK & CO INC 4.05
05/17/2028 3.76% 25,312.50 0.00 25,312.50 0.00
Coupon 05/20/2025 36271VAD9 0.00 GMALT 2025-1 A3 4.66
02/21/2028 4.66% 1,669.83 0.00 1,669.83 0.00
Coupon 05/21/2025 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.74% 1,559.25 0.00 1,559.25 0.00
Coupon 05/21/2025 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.09% 601.45 0.00 601.45 0.00
Coupon 05/21/2025 43813YAC6 0.00 HAROT 2024-3 A3 4.57
03/21/2029 4.66% 2,399.25 0.00 2,399.25 0.00
Coupon 05/21/2025 43814VAC1 0.00 HAROT 2025-1 A3 4.57
09/21/2029 4.57% 3,027.62 0.00 3,027.62 0.00
Coupon 05/25/2025 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.47% 760.80 0.00 760.80 0.00
540
CONFIDENTIAL | 13
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 05/25/2025 096919AD7 0.00 BMWOT 2024-A A3 5.18
02/26/2029 5.18% 1,942.50 0.00 1,942.50 0.00
Coupon 05/25/2025 096924AD7 0.00 BMWOT 2025-A A3 4.56
09/25/2029 4.56% 2,584.00 0.00 2,584.00 0.00
Coupon 05/31/2025 91282CMA6 0.00 UNITED STATES TREASURY

4.125 11/30/2029 4.45% 49,500.00 0.00 49,500.00 0.00
Coupon 05/31/2025 91282CKT7 0.00 UNITED STATES TREASURY

4.5 05/31/2029 4.25% 49,500.00 0.00 49,500.00 0.00
Total Coupon 0.00 242,576.59 0.00 242,576.59 0.00
Custody Fee 05/23/2025 CCYUSD (710.26) Cash 0.00% (710.26) 0.00 (710.26) 0.00 Total Custody Fee (710.26) (710.26) 0.00 (710.26) 0.00
Dividend 05/31/2025 31846V203 0.00 FIRST AMER:GVT OBLG Y 3.94% 1,213.78 0.00 1,213.78 0.00 Total Dividend 0.00 1,213.78 0.00 1,213.78 0.00
Management Fee 05/12/2025 CCYUSD (6,435.17) Cash 0.00% (6,435.17) 0.00 (6,435.17) 0.00 Total
Management Fee (6,435.17) (6,435.17) 0.00 (6,435.17) 0.00 Principal Paydown 05/15/2025 47800CAC0 26,751.88 JDOT 2023 A3 5.01 11/15/2027 3.39% 26,751.88 -- 26,751.88 (0.00)
Principal Paydown 05/21/2025 43815JAC7 13,373.27 HAROT 2023-1 A3 5.04 04/21/2027 5.09% 13,373.27 -- 13,373.27 0.00
Principal Paydown 05/25/2025 05592XAD2 12,246.03 BMWOT 2023-A A3 5.47 02/25/2028 5.47% 12,246.03 -- 12,246.03 (0.00)
Total Principal
Paydown 52,371.18 52,371.18 -- 52,371.18 (0.01)

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
71,447.47
409,027.82
1,217,736.16
(1,555,316.51)
71,447.47

0.00 3,705.50

0.00 0.00

0.00 3,705.50
3,705.50
CCYUSD Receivable
100,213.78
3,705.50

0.00 0.00
100,213.78

0.00 0.00

0.00 Total Cash & Equivalents 171,661.25
412,733.32
1,217,736.16
(1,555,316.51)
171,661.25

0.00 3,705.50

0.00 0.00

0.00 3,705.50 3,705.50

FIXED INCOME
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026
06/07/2023
06/14/2023
350,000.00
349,985.75

0.00 0.00
349,986.92
757.56
1,420.42
757.56
1,420.42

1.17 0.00

1.17 1,421.59
1,421.59
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028
09/12/2023
09/19/2023
1,055,000.00
1,054,968.10

0.00 0.00
1,054,968.90
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
2,999,958.15

0.00 0.00
2,999,962.74
4,841.67

0.00 6,591.67
1,750.00

4.58 0.00

4.58 1,754.58
1,754.58
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029
06/06/2024
06/13/2024
505,000.00
504,976.83

0.00 0.00
504,977.32
1,106.51
2,074.71
1,106.51
2,074.71

0.49 0.00

0.49 2,075.20
2,075.20
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/11/2023
07/18/2023
154,657.08
166,885.01

0.00 (12,246.03)
154,640.81
152.16
760.80
141.00
749.64

1.83 0.00

3.824 01/20/2028
06/27/2024
06/28/2024
1,250,000.00
1,220,549.23

0.00 0.00
1,222,000.69
13,410.56

0.00 17,393.89
3,983.33
1,451.47

0.00 1,451.47
5,434.80
5,434.80
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027
03/30/2023
03/31/2023
1,000,000.00
995,505.10

0.00 0.00
995,666.00
6,136.11

0.00 10,052.78
3,916.67
160.90

0.00 160.90
4,077.57
4,077.57
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
450,000.00
449,944.52

0.00 0.00
449,945.75
388.50
1,942.50
388.50
1,942.50

1.23 0.00

1.23 1,943.73
1,943.73
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029
02/04/2025
02/12/2025
680,000.00
679,936.12

0.00 0.00
679,937.35
516.80
2,584.00
516.80
2,584.00

1.23 0.00

1.23 2,585.23
2,585.23
14913UAX8

CATERPILLAR FINANCIAL
SERVICES CORP 4.8
01/08/2030
01/06/2025
01/08/2025
960,000.00
958,261.86

0.00 0.00
958,293.31
14,464.00

0.00 18,304.00
3,840.00

31.46 0.00

31.46 3,871.46
3,871.46
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,060,000.00
1,059,801.70

0.00 0.00
1,059,806.69
2,430.93
4,558.00
2,430.93
4,558.00

4.99 0.00

4.99 4,562.99
4,562.99
171239AL0 CHUBB INA HOLDINGS LLC

4.65 08/15/2029
09/26/2024
09/27/2024
1,250,000.00
1,276,936.99

0.00 0.00
1,276,393.34
12,270.83

0.00 17,114.58
4,843.75

0.00 (543.65)
(543.65)
4,300.10
4,300.10
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
02/27/2024
02/29/2024
1,250,000.00
1,250,495.20

0.00 0.00
1,250,483.97
10,946.18

0.00 15,998.26
5,052.08

0.00 (11.24)
(11.24)
5,040.85
5,040.85
24422EXD6 JOHN DEERE CAPITAL CORP

5.15 09/08/2026
09/05/2023
09/08/2023
505,000.00
504,838.06

0.00 0.00
504,848.21
3,828.88

0.00 5,996.17
2,167.29

10.14 0.00

3.25 06/09/2028
07/24/2023
07/25/2023
2,000,000.00
1,949,769.40

0.00 0.00
1,951,141.34
25,638.89

0.00 31,055.56
5,416.67
1,371.94

0.00 1,371.94
6,788.60
6,788.60
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

0.00 2,034,869.25

0.00 (2,033,900.66)

0.00 12,750.00
20,000.00

0.00 7,250.00

0.00 (968.59)
(968.59)
6,281.41
6,281.41
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028
01/29/2024
01/30/2024
2,000,000.00
2,045,033.38

0.00 0.00
2,043,973.37
37,736.11

0.00 45,652.78
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

0.00 2,007,605.05

0.00 (2,006,909.37)

0.00 14,750.00
21,725.00

0.00 6,975.00

0.00 (695.67)
(695.67)
6,279.33
6,279.33
3133EPDJ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
03/27/2023
03/28/2023
2,000,000.00
2,024,288.75

0.00 0.00
2,023,420.29
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

0.00 1,999,289.21

0.00 (1,999,331.02)

0.00 26,722.22
33,402.78

0.00 6,680.56

41.81 0.00

41.81 6,722.37
6,722.37
3133ERDH1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
04/30/2029
04/29/2024
04/30/2024
2,100,000.00
2,103,408.53

0.00 0.00
2,103,336.16
277.08

0.00 8,589.58
8,312.50

0.00 (72.37)
(72.37)
8,240.13
8,240.13
3134GW3Z7

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025
10/28/2020
10/28/2020
8,050,000.00
8,050,000.00

0.00 0.00
8,050,000.00
402.50

0.00 4,427.50
4,025.00

0.00 0.00

0.00 0.00
429,954.27
612.27
1,669.83
612.27
1,669.83

1.42 0.00

1.42 1,671.25
1,671.25
362962AD4 GMALT 2025-2 A3 4.58
05/20/2028 05/29/2025
985,000.00

0.00 985,558.36

0.00 985,556.12

0.00 0.00
250.63
250.63

0.02 (2.26)
(2.24)
248.39
248.39
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029
11/26/2024
11/27/2024
1,300,000.00
1,274,766.79

0.00 0.00
1,275,252.95
5,281.79

0.00 9,809.04
4,527.25
486.16

0.00 486.16
5,013.41
5,013.41
437076DC3 HOME DEPOT INC 4.75
06/25/2029
06/27/2024
06/28/2024
1,250,000.00
1,246,663.22

0.00 0.00
1,246,731.45
20,781.25

0.00 25,729.17
4,947.92

68.23 0.00

68.23 5,016.15
5,016.15
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028
11/01/2023
11/08/2023
330,000.00
329,960.49

0.00 0.00
329,961.56
519.75
1,559.25
519.75
1,559.25

1.07 0.00

1.07 1,560.32
1,560.32
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029
08/09/2024
08/21/2024
630,000.00
629,916.00

0.00 0.00
629,917.83
799.75
2,399.25
799.75
2,399.25

1.83 0.00

1.83 2,401.08
2,401.08
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029
02/04/2025
02/11/2025
795,000.00
794,976.66

0.00 0.00
794,977.11
1,009.21
3,027.62
1,009.21
3,027.62

0.45 0.00

0.45 3,028.07
3,028.07
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027
02/16/2023
02/24/2023
129,828.07
143,188.71

0.00 (13,373.27)
129,817.11
200.48
601.45
181.76
582.73

1.67 0.00

1.67 584.40
584.40
44934QAD3 HART 2024-B A3 4.84
03/15/2029
07/16/2024
07/24/2024
285,000.00
284,964.12

0.00 0.00
284,964.91
613.07
1,149.50
613.07
1,149.50

0.79 0.00

0.00 0.00
634,910.86
1,219.20
2,286.00
1,219.20
2,286.00

1.73 0.00

1.73 2,287.73
2,287.73
44935DAD1 HALST 2025-B A3 4.53
04/17/2028
04/24/2025
04/30/2025
330,000.00
329,970.23

0.00 0.00
329,971.08

45.93 622.88
664.40
1,241.36

0.85 0.00

0.85 1,242.21
1,242.21
4581X0EK0

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
06/27/2023
07/06/2023
1,720,000.00
1,719,519.21

0.00 0.00
1,719,558.53
35,690.00
38,700.00
3,440.00
6,450.00

39.33 0.00

39.33 6,489.33
6,489.33
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
07/24/2023
07/26/2023
2,000,000.00
1,960,302.17

0.00 0.00
1,961,355.80
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
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
635,000.00
632,785.19

0.00 0.00
632,823.68
2,983.18

0.00 5,165.99
2,182.81

38.49 0.00

38.49 2,221.30
2,221.30
47786WAD2 JDOT 2024-B A3 5.2
03/15/2029
06/11/2024
06/18/2024
510,000.00
509,918.56

0.00 0.00
509,920.34
1,178.67
2,210.00
1,178.67
2,210.00

1.79 0.00

1.79 2,211.79
2,211.79
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
296,084.58
322,804.70

0.00 (26,751.88)
296,056.43
718.85
1,347.84
659.28
1,288.27

3.60 0.00

3.60 1,291.88
1,291.88
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
500,000.00
499,969.52

0.00 0.00
499,970.11
940.00
1,762.50
940.00
1,762.50

0.59 0.00

0.59 1,763.09
1,763.09
532457CQ9 ELI LILLY AND CO 4.2
08/14/2029
08/12/2024
08/14/2024
705,000.00
703,675.89

0.00 0.00
703,702.10
6,333.25

0.00 8,800.75
2,467.50

26.21 0.00

0.00 0.00
999,557.33
15,262.50

0.00 19,387.50
4,125.00

8.15 0.00

8.15 4,133.15
4,133.15
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029
05/14/2025
05/21/2025
530,000.00

0.00 529,935.39

0.00 529,935.89

0.00 0.00
678.69
678.69

0.50 0.00

0.50 679.19
679.19
58933YBH7 MERCK & CO INC 4.05
05/17/2028
09/26/2024
09/27/2024
1,250,000.00
1,259,815.52

0.00 0.00
1,259,534.30
23,062.50
25,312.50
1,968.75
4,218.75

0.00 (281.22)
(281.22)
3,937.53
3,937.53
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030
01/02/2025
01/09/2025
820,000.00
818,414.41

0.00 0.00
818,443.09
12,500.44

0.00 15,848.78
3,348.33

28.68 0.00

28.68 3,377.01
3,377.01
61747YET8 MORGAN STANLEY 4.679
07/17/2026
12/28/2022
12/30/2022
775,000.00
774,121.03

0.00 0.00
774,474.90
10,475.76

0.00 13,497.62
3,021.85
353.87

0.00 353.87
3,375.73
3,375.73
62479MBH5 MUFG Bank, Ltd. - New York
Branch 02/17/2026
05/23/2025
05/27/2025
2,000,000.00

0.00 1,936,898.89

0.00 1,938,085.00

0.00 0.00

0.00 0.00
1,186.11

0.00 1,186.11
1,186.11
1,186.11
63743HFF4

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.45 10/30/2025
10/20/2022
10/31/2022
495,000.00
494,889.75

0.00 0.00
494,908.53

74.94 0.00
2,323.06
2,248.13

18.78 0.00

18.78 2,266.90
2,266.90
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029
12/02/2024
12/05/2024
830,000.00
829,564.99

0.00 0.00
829,573.02
15,484.11

0.00 18,665.78
3,181.67

8.03 0.00

8.03 3,189.70
3,189.70
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
03/27/2024
03/28/2024
1,200,000.00
1,195,882.35

0.00 0.00
1,195,975.46
13,953.33

0.00 18,553.33
4,600.00

93.11 0.00

0.00 0.00
1,467,027.51
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
194,970.23

0.00 0.00
194,973.43
1,922.38

0.00 2,661.75
739.38

3.20 0.00

3.20 742.58
742.58
713448FW3 PEPSICO INC 5.125
11/10/2026
11/08/2023
11/10/2023
380,000.00
379,947.76

0.00 0.00
379,950.67
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
998,866.21

0.00 0.00
998,901.86
14,836.11

0.00 18,919.44
4,083.33

35.65 0.00

35.65 4,118.98
4,118.98
857477CU5 STATE STREET CORP 4.536
02/28/2028
02/25/2025
02/28/2025
1,285,000.00
1,285,000.00

0.00 0.00
1,285,000.00
10,200.33

0.00 15,057.63
4,857.30

0.00 0.00

0.00 4,857.30
4,857.30
89236THP3 TOYOTA MOTOR CREDIT
CORP 0.8 10/16/2025
11/19/2020
11/19/2020
5,000,000.00
5,002,343.75

0.00 0.00
5,001,911.27
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
469,916.22

0.00 0.00
469,925.00
4,340.97

0.00 6,201.39
1,860.42

8.77 0.00

8.77 1,869.19
1,869.19
9128285M8 UNITED STATES TREASURY

3.125 11/15/2028
12/28/2023
12/29/2023
2,000,000.00
1,952,883.40

0.00 0.00
1,954,012.16
28,832.87
31,250.00
2,887.23
5,304.36
1,128.76

0.00 1,128.76
6,433.11
6,433.11
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
09/30/2021
09/30/2021
3,000,000.00
2,994,492.19

0.00 0.00
2,994,822.44
2,223.36

0.00 4,446.72
2,223.36
330.26

3.125 08/31/2029
10/30/2024
10/31/2024
2,000,000.00
1,923,905.01

0.00 0.00
1,925,395.18
10,529.89

0.00 15,794.84
5,264.95
1,490.17

0.00 1,490.17
6,755.12
6,755.12
91282CFL0 UNITED STATES TREASURY

3.875 09/30/2029
10/30/2024
10/31/2024
2,200,000.00
2,180,076.20

0.00 0.00
2,180,459.11
7,220.63

0.00 14,441.26
7,220.63
382.91

0.00 382.91
7,603.54
7,603.54
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029
04/29/2025
04/30/2025
2,500,000.00
2,523,520.85

0.00 0.00
2,523,077.33
271.74

0.00 8,695.65
8,423.91

0.00 (443.52)
(443.52)
7,980.39
7,980.39
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00
2,197,554.94
499,687.50

0.00 2,697,285.77
14,826.09
(4,945.65)
27,293.48
7,521.74

43.33 0.00

43.33 7,565.07
7,565.07
91282CGS4 UNITED STATES TREASURY

3.625 03/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,480,674.83

0.00 0.00
2,481,008.58
7,675.89

0.00 15,351.78
7,675.89
333.75

0.00 333.75
8,009.64
8,009.64
91282CGT2 UNITED STATES TREASURY

3.625 03/31/2028 1,825,000.00
1,822,383.95

0.00 0.00
1,822,460.10
5,603.40

0.00 11,206.80
5,603.40
158.39
(82.24)

76.15 5,679.55
5,679.55
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
03/27/2024
03/28/2024
2,200,000.00
2,205,148.75

0.00 0.00
2,205,034.66
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
2,168,564.48

0.00 0.00
2,169,245.95
7,686.48

0.00 15,372.95
7,686.48
681.47

0.00 681.47
8,367.94
8,367.94
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029 2,000,000.00
2,036,018.96

0.00 0.00
2,035,254.18
251.36

0.00 8,043.48
7,792.12

0.00 0.00
2,219,803.57
41,340.66

0.00 270.49
(41,070.17)

0.00 (420.49)
(420.49)
(41,490.65)
(41,490.65)
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
09/26/2024
09/27/2024
2,000,000.00
2,033,810.09

0.00 0.00
2,033,134.76
19,889.50

0.00 26,740.33
6,850.83

0.00 (675.33)
(675.33)
6,175.50
6,175.50
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/27/2024
12/30/2024
2,400,000.00
2,368,367.83

0.00 0.00
2,368,953.61
41,340.66

0.00 270.49
(41,070.17)
585.78

0.00 585.78
(40,484.39)
(40,484.39)
91282CMG3 UNITED STATES TREASURY

4.25 01/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,550,459.21

0.00 0.00
2,549,558.16
26,415.75

0.00 35,514.50
9,098.76

0.00 (901.06)
(901.06)
8,197.70
8,197.70
91282CMZ1 UNITED STATES TREASURY

3.875 04/30/2030
05/29/2025
05/30/2025
2,700,000.00

0.00 2,681,542.97

0.00 2,681,563.52

0.00 (8,529.21)
9,097.83
568.62

20.55 0.00

20.55 589.17
589.17
91324PEU2 UNITEDHEALTH GROUP INC

4.25 01/15/2029
05/28/2024
05/29/2024
1,000,000.00
973,716.84

0.00 0.00
974,318.16
12,513.89

0.00 16,055.56
3,541.67
601.31

0.00 601.31
4,142.98
4,142.98
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
560,000.00
559,925.44

0.00 0.00
559,926.86
1,067.73
2,002.00
1,067.73
2,002.00

1.42 0.00

1.42 2,003.42
2,003.42
Total Fixed Income 105,300,569.72
104,496,555.19
6,633,623.11
(6,092,512.24)
105,042,676.74
702,204.70
205,229.51
702,843.24
205,868.05
13,348.14
(8,337.46)
5,010.68
210,878.73 210,878.73
TOTAL PORTFOLIO 105,472,230.97
104,909,288.51
7,851,359.27
(7,647,828.75)
105,214,337.99
702,204.70
208,935.01
702,843.24
209,573.55
13,348.14
(8,337.46)
5,010.68
214,584.23 214,584.23
550
CONFIDENTIAL | 23
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 JUNE 2025
06/05/2025 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
06/09/2025 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 06/09/2025 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 06/16/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 06/16/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 06/16/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 06/16/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 06/16/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 06/16/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 06/16/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 06/16/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 06/16/2025 Coupon 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 1,236.15 1,236.15 06/16/2025 Principal Paydown 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 19,158.26 19,158.26 06/16/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 06/16/2025 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 1,628.87 1,628.87 06/16/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 06/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 06/20/2025 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/20/2028 2,752.25 2,752.25 06/23/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 06/23/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 06/23/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 06/23/2025 Coupon 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 562.98 562.98 06/23/2025 Principal Paydown 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 12,640.49 12,640.49 06/25/2025 Coupon 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 714.61 714.61 06/25/2025 Principal Paydown 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 10,796.27 10,796.27 06/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 06/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 06/25/2025 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 June 2025 Total 42,595.02 172,161.74 214,756.76
JULY 2025
551
CONFIDENTIAL | 24
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 07/08/2025 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
07/09/2025 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
07/10/2025 Coupon 57629TBV8 1,000,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 24,750.00 24,750.00
07/14/2025 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
07/14/2025 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 07/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 07/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 07/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 07/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 07/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 07/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 07/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 07/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 07/15/2025 Coupon 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 1,156.17 1,156.17 07/15/2025 Principal Paydown 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 20,400.03 20,400.03 07/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 07/15/2025 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 07/15/2025 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 07/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 07/17/2025 Coupon 61747YET8 775,000.00 MORGAN STANLEY 4.679 07/17/2026 18,131.13 18,131.13 07/17/2025 Effective Maturity 61747YET8 775,000.00 MORGAN STANLEY 4.679 07/17/2026 775,000.00 775,000.00 07/21/2025 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 07/21/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 07/21/2025 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/20/2028 3,931.79 3,931.79 07/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 07/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 07/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 07/21/2025 Coupon 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 509.89 509.89 552
CONFIDENTIAL | 25
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 07/21/2025 Principal Paydown 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 12,340.95 12,340.95 07/25/2025 Coupon 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 665.40 665.40 07/25/2025 Principal Paydown 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 10,578.39 10,578.39 07/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 07/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 07/29/2025 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 07/31/2025 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 07/31/2025 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 07/31/2025 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 July 2025 Total 818,319.38 378,674.83 1,196,994.21
AUGUST 2025
08/08/2025 Coupon 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 10,500.00 10,500.00 08/13/2025 Coupon 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 4,436.25 4,436.25 08/14/2025 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 08/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 08/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 08/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 08/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 08/15/2025 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 08/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 08/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 08/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 08/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 08/15/2025 Coupon 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 1,071.00 1,071.00 08/15/2025 Principal Paydown 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 18,826.85 18,826.85 08/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 08/15/2025 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 08/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 08/18/2025 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 08/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 08/20/2025 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/20/2028 3,931.79 3,931.79 08/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 553
CONFIDENTIAL | 26
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 08/21/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 16,102.29 16,102.29 08/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 08/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 08/21/2025 Coupon 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 458.06 458.06 08/21/2025 Principal Paydown 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 11,964.25 11,964.25 08/21/2025 Coupon 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 11,162.50 11,162.50 08/25/2025 Coupon 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 617.18 617.18 08/25/2025 Principal Paydown 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 10,261.86 10,261.86 08/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 08/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 08/26/2025 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 08/28/2025 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 August 2025 Total 57,155.24 201,026.03 258,181.28
SEPTEMBER 2025
09/02/2025 Coupon 91282CFJ5 2,000,000.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 09/02/2025 Coupon 91282CGQ8 2,700,000.00 UNITED STATES TREASURY 4.0 02/28/2030 54,000.00 54,000.00 09/02/2025 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 09/08/2025 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 09/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 09/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 09/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 09/15/2025 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 09/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 09/15/2025 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
09/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 09/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 09/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 09/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 09/15/2025 Coupon 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 992.40 992.40 09/15/2025 Principal Paydown 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 19,388.58 19,388.58 09/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 554
CONFIDENTIAL | 27
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 09/15/2025 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 09/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 09/22/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 09/22/2025 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/20/2028 3,931.79 3,931.79 09/22/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,483.17 1,483.17 09/22/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 19,021.21 19,021.21 09/22/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 09/22/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 09/22/2025 Coupon 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 407.81 407.81 09/22/2025 Principal Paydown 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 11,677.85 11,677.85 09/22/2025 Coupon 459058LR2 635,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 13,096.88 13,096.88
09/25/2025 Coupon 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 570.40 570.40 09/25/2025 Principal Paydown 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 10,050.88 10,050.88 09/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 09/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 09/26/2025 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
09/30/2025 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 09/30/2025 Coupon 91282CFL0 2,200,000.00 UNITED STATES TREASURY 3.875 09/30/2029 42,625.00 42,625.00 09/30/2025 Coupon 91282CGS4 2,500,000.00 UNITED STATES TREASURY 3.625 03/31/2030 45,312.50 45,312.50 09/30/2025 Coupon 91282CGT2 1,825,000.00 UNITED STATES TREASURY 3.625 03/31/2028 33,078.13 33,078.13 09/30/2025 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 September 2025
Total 60,138.52 476,381.52 536,520.04
OCTOBER 2025
10/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 10/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 10/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 10/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 10/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 10/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 555
CONFIDENTIAL | 28
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 10/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 10/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 10/15/2025 Coupon 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 911.45 911.45 10/15/2025 Principal Paydown 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 23,055.78 23,055.78 10/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 10/15/2025 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 10/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 10/16/2025 Coupon 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 20,000.00 20,000.00 10/16/2025 Final Maturity 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 5,000,000.00 5,000,000.00 10/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 10/20/2025 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/20/2028 3,931.79 3,931.79 10/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,393.29 1,393.29 10/21/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 18,220.11 18,220.11 10/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 10/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 10/21/2025 Coupon 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 358.76 358.76 10/21/2025 Principal Paydown 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 11,244.65 11,244.65 10/27/2025 Coupon 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 524.59 524.59 10/27/2025 Principal Paydown 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 9,671.57 9,671.57 10/27/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 10/27/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 10/28/2025 Coupon 3134GW3Z7 8,050,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 24,150.00 24,150.00
10/28/2025 Final Maturity 3134GW3Z7 8,050,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 8,050,000.00 8,050,000.00
10/30/2025 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/31/2025 Coupon 91282CMZ1 2,700,000.00 UNITED STATES TREASURY 3.875 04/30/2030 52,312.50 52,312.50 October 2025 Total 13,607,192.11 300,162.34 13,907,354.44 NOVEMBER 2025
11/10/2025 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 11/17/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 11/17/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 11/17/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 11/17/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 11/17/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 11/17/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 11/17/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 11/17/2025 Coupon 4581X0EK0 1,720,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.5 05/15/2026 38,700.00 38,700.00
11/17/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 11/17/2025 Coupon 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 815.19 815.19 11/17/2025 Principal Paydown 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 26,962.77 26,962.77 11/17/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 11/17/2025 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 11/17/2025 Coupon 58933YBH7 1,250,000.00 MERCK & CO INC 4.05 05/17/2028 25,312.50 25,312.50 11/17/2025 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 11/17/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 11/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 11/20/2025 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/20/2028 3,931.79 3,931.79 11/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,307.20 1,307.20 11/21/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 17,745.41 17,745.41 11/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 11/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 11/21/2025 Coupon 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 311.53 311.53 11/21/2025 Principal Paydown 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 9,882.75 9,882.75 11/25/2025 Coupon 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 480.50 480.50 11/25/2025 Principal Paydown 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 8,914.13 8,914.13 11/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 557
CONFIDENTIAL | 30
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 11/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 November 2025
Total 63,505.06 148,812.43 212,317.49
DECEMBER 2025
12/01/2025 Coupon 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 12/01/2025 Coupon 91282CMA6 2,400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 12/05/2025 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
12/08/2025 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 12/09/2025 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 12/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 12/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 12/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 12/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 12/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 12/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 12/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 12/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 12/15/2025 Coupon 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 702.62 702.62 12/15/2025 Principal Paydown 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 18,022.89 18,022.89 12/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 12/15/2025 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 12/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 12/22/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 12/22/2025 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/20/2028 3,931.79 3,931.79 12/22/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,223.35 1,223.35 12/22/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 16,829.53 16,829.53 12/22/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 12/22/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 12/22/2025 Coupon 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 270.02 270.02 12/22/2025 Principal Paydown 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 9,435.88 9,435.88 12/25/2025 Coupon 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 439.87 439.87 558
CONFIDENTIAL | 31
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 12/25/2025 Principal Paydown 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 8,294.39 8,294.39 12/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 12/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 12/26/2025 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 December 2025
Total 52,582.69 271,311.37 323,894.06
JANUARY 2026
01/08/2026 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
01/09/2026 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
01/12/2026 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
01/12/2026 Coupon 57629TBV8 1,000,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 24,750.00 24,750.00
01/12/2026 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 01/13/2026 Coupon 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 3,696.88 3,696.88 01/13/2026 Effective Maturity 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 195,000.00 195,000.00 01/15/2026 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 01/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 01/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 01/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 01/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 01/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 01/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 01/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 01/15/2026 Coupon 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 627.37 627.37 01/15/2026 Principal Paydown 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 20,464.65 20,464.65 01/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 01/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 01/15/2026 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 01/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 01/20/2026 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 559
CONFIDENTIAL | 32
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 01/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 01/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/20/2028 3,931.79 3,931.79 01/21/2026 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,143.83 1,143.83 01/21/2026 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 16,489.91 16,489.91 01/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 01/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 01/21/2026 Coupon 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 230.39 230.39 01/21/2026 Principal Paydown 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 9,229.26 9,229.26 01/21/2026 Coupon 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 9,302.08 9,302.08 01/21/2026 Effective Maturity 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 470,000.00 470,000.00 01/26/2026 Coupon 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 402.06 402.06 01/26/2026 Principal Paydown 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 7,799.42 7,799.42 01/26/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 01/26/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,822.32 2,822.32 01/26/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 01/29/2026 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 January 2026 Total 721,805.57 251,330.62 973,136.19
FEBRUARY 2026
02/02/2026 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 02/02/2026 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 02/02/2026 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 02/09/2026 Coupon 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 10,500.00 10,500.00 02/09/2026 Final Maturity 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 3,000,000.00 3,000,000.00 02/16/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 02/16/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 02/16/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 02/16/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 02/16/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 02/16/2026 Coupon 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 541.93 541.93 02/16/2026 Principal Paydown 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 13,533.56 13,533.56 02/16/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 02/16/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 560
CONFIDENTIAL | 33
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 02/17/2026 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 02/17/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 02/17/2026 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 02/17/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 02/17/2026 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 02/17/2026 Final Maturity 62479MBH5 2,000,000.00 MUFG Bank, Ltd. - New York Branch 02/17/2026 2,000,000.00 2,000,000.00
02/17/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 02/18/2026 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 02/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 02/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/20/2028 3,931.79 3,931.79 02/23/2026 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,065.92 1,065.92 02/23/2026 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 16,229.99 16,229.99 02/23/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 02/23/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 02/23/2026 Coupon 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 191.63 191.63 02/23/2026 Principal Paydown 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 9,056.71 9,056.71 02/25/2026 Coupon 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 366.51 366.51 02/25/2026 Principal Paydown 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 7,695.75 7,695.75 02/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,930.32 1,930.32 02/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 24,982.14 24,982.14 02/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 02/26/2026 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 February 2026
Total 5,071,498.15 275,456.81 5,346,954.96
MARCH 2026
03/02/2026 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 03/02/2026 Coupon 91282CFJ5 2,000,000.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 03/02/2026 Coupon 91282CGQ8 2,700,000.00 UNITED STATES TREASURY 4.0 02/28/2030 54,000.00 54,000.00 03/02/2026 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 03/09/2026 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 03/16/2026 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 561
CONFIDENTIAL | 34
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 03/16/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 03/16/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 03/16/2026 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 03/16/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 03/16/2026 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
03/16/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 03/16/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 03/16/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 03/16/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 03/16/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 3,205.45 3,205.45 03/16/2026 Coupon 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 485.43 485.43 03/16/2026 Principal Paydown 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 12,076.05 12,076.05 03/16/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 03/16/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 03/16/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 03/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 03/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/20/2028 3,931.79 3,931.79 03/20/2026 Coupon 459058LR2 635,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 13,096.88 13,096.88
03/23/2026 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 989.23 989.23 03/23/2026 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 15,745.27 15,745.27 03/23/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 03/23/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 03/23/2026 Coupon 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 153.59 153.59 03/23/2026 Principal Paydown 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 8,792.64 8,792.64 03/25/2026 Coupon 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 331.43 331.43 03/25/2026 Principal Paydown 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 7,481.78 7,481.78 03/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,822.48 1,822.48 03/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 24,210.52 24,210.52 03/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 562
CONFIDENTIAL | 35
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 03/26/2026 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
03/31/2026 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 03/31/2026 Coupon 91282CFL0 2,200,000.00 UNITED STATES TREASURY 3.875 09/30/2029 42,625.00 42,625.00 03/31/2026 Coupon 91282CGS4 2,500,000.00 UNITED STATES TREASURY 3.625 03/31/2030 45,312.50 45,312.50 03/31/2026 Coupon 91282CGT2 1,825,000.00 UNITED STATES TREASURY 3.625 03/31/2028 33,078.13 33,078.13 03/31/2026 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 March 2026 Total 71,511.71 503,911.21 575,422.92
APRIL 2026
04/15/2026 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 04/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2028 4,598.04 4,598.04 04/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 04/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 04/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 04/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 04/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 04/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,196.11 2,196.11 04/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 35,932.62 35,932.62 04/15/2026 Coupon 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 435.01 435.01 04/15/2026 Principal Paydown 47800CAC0 296,084.58 JDOT 2023 A3 5.01 11/15/2027 14,679.31 14,679.31 04/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 04/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 04/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 04/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 04/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/20/2028 3,931.79 3,931.79 04/21/2026 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 914.84 914.84 04/21/2026 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 16,130.69 16,130.69 04/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 04/21/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 18,287.21 18,287.21 04/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 04/21/2026 Coupon 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 116.66 116.66 04/21/2026 Principal Paydown 43815JAC7 129,828.07 HAROT 2023-1 A3 5.04 04/21/2027 8,875.13 8,875.13 563
CONFIDENTIAL | 36
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 04/27/2026 Coupon 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 297.32 297.32 04/27/2026 Principal Paydown 05592XAD2 154,657.08 BMWOT 2023-A A3 5.47 02/25/2028 7,689.80 7,689.80 04/27/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,717.97 1,717.97 04/27/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 24,344.02 24,344.02 04/27/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 04/30/2026 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
04/30/2026 Coupon 91282CFT3 2,500,000.00 UNITED STATES TREASURY 4.0 10/31/2029 50,000.00 50,000.00 04/30/2026 Coupon 91282CKP5 2,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 46,250.00 46,250.00 04/30/2026 Coupon 91282CMZ1 2,700,000.00 UNITED STATES TREASURY 3.875 04/30/2030 52,312.50 52,312.50 April 2026 Total 125,938.78 240,860.92 366,799.70
Grand Total 315,927,533.95 20,692,242.23 3,220,089.82 23,912,332.05 564
CONFIDENTIAL | 37
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 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 high rating by S&P , Moody’s and Fitch respectively. 565
CONFIDENTIAL | 38
City of Orange | Account #10888 | As of May 31, 2025
Execution Time: 06/03/2025 10:04:55 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

MONTHLY ACCOUNT STATEMENT
City of Orange | Account #10888 | As of June 30, 2025
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 (S&P)
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (01/01/22)
City of Orange 0.76% 1.45% 3.37% 6.10% 5.48% 3.66% -- -- 1.75% Benchmark Return 0.74% 1.36% 3.39% 6.06% 5.11% 3.24% -- -- 1.59% Average Modified Duration 2.47
Average Coupon 3.36%
Average Purchase YTM 3.57%
Average Market YTM 4.06%
Average Credit Quality* AA+
Average Final Maturity 2.91
Average Life 2.53
End Values as of
05/31/2025
End Values as of
06/30/2025
Market Value 105,097,398.52 105,780,134.31
Accrued Interest 702,843.24 817,770.17
Total Market Value 105,800,241.76 106,597,904.48
Income Earned 214,584.23 406,770.66
Cont/WD 0.00 0.00
Par 105,472,230.97 105,846,920.85
Book Value 105,214,337.99 105,399,801.80
Cost Value 105,141,814.62 105,313,878.94
Government of The United States 34.27%
Federal Home Loan Banks 8.38%
Federal Home Loan Mortgage Corp 7.52%
Toyota Motor Corporation 4.68%
Farm Credit System 3.96%
Apple Inc. 2.78%
International Bank for Recon and Dev 2.48%
FHLMC 2.31%
**Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Secondary Benchmark:
*The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch. 568
CONFIDENTIAL | 3
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 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
(07/01/2024)
Beginning Book Value 105,214,337.99 102,308,638.77
Maturities/Calls 0.00 (14,975,000.00)
Principal Paydowns (41,381.25) (343,891.62)
Purchases 5,252,388.69 74,435,352.54
Sales (4,940,769.69) (56,118,298.78)
Change in Cash, Payables, Receivables (98,482.64) (2,912.55) Amortization/Accretion 14,450.76 76,071.54
Realized Gain (Loss) (742.06) 19,841.90
Ending Book Value 105,399,801.80 105,399,801.80
Month to Date Fiscal Year to Date
(07/01/2024)
Beginning Market Value 105,097,398.52 99,910,914.20
Maturities/Calls 0.00 (14,975,000.00)
Principal Paydowns (41,381.25) (343,891.62)
Purchases 5,252,388.69 74,435,352.54
Sales (4,940,769.69) (56,118,298.78)
Change in Cash, Payables, Receivables (98,482.64) (2,912.55) Amortization/Accretion 14,450.76 76,071.54
Change in Net Unrealized Gain (Loss) 497,271.99 2,778,057.09 Realized Gain (Loss) (742.06) 19,841.90
Ending Market Value 105,780,134.31 105,780,134.31
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (14,975,000.00)
Principal Paydowns
Month to Date (41,381.25)
Fiscal Year to Date (343,891.62)
Purchases
Month to Date 5,252,388.69
Fiscal Year to Date 74,435,352.54
Sales
Month to Date (4,940,769.69)
Fiscal Year to Date (56,118,298.78)
Interest Received
Month to Date 272,227.52
Fiscal Year to Date 2,983,532.01
Purchased / Sold Interest
Month to Date 5,165.45
Fiscal Year to Date 99,327.82
569
CONFIDENTIAL | 4
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 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
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027 116,900.53 02/16/2023

5.09%
116,878.81
116,891.10
100.24

4.53%
117,182.99
163.66

0.11%
291.89
Aaa/NA
AAA

1.81 0.43
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 279,328.65 02/22/2023

3.39%
279,277.75
279,302.98
100.30

4.60%
280,171.07
621.97

0.26%
868.10
Aaa/NA
AAA

2.38 0.65
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 430,000.00 02/05/2025

4.66%
429,949.26
429,955.65
100.67

4.25%
432,866.55
612.27

0.41%
2,910.90
NA/AAA
AAA

2.65 1.45
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 142,959.30 07/11/2023

5.47%
142,933.96
142,944.71
100.59

4.49%
143,808.86
130.33

0.14%
864.15
NA/AAA
AAA

2.66 0.57
44935DAD1 HALST 2025-B A3 4.53
04/17/2028 330,000.00 04/24/2025

4.53%
329,970.20
329,971.91
100.69

4.19%
332,269.64
664.40

0.31%
2,297.74
NA/AAA
AAA

2.80 1.78
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026 350,000.00 06/07/2023

4.92%
349,968.96
349,988.04
100.52

4.30%
351,806.32
757.56

0.33%
1,818.27
NA/AAA
AAA

0.87 0.84
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 985,000.00 --

4.80%
985,558.36
985,533.75
100.64

4.23%
991,290.51
1,378.45

0.94%
5,756.76
NA/AAA
AAA

2.90 1.62
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 330,000.00 11/01/2023

5.74%
329,941.89
329,962.59
101.07

4.39%
333,519.45
519.75

0.32%
3,556.86
Aaa/NA
AAA

2.98 0.78
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2026 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,980.95
101.13

4.30%
1,066,951.04
2,452.29

1.01%
11,970.09
NA/AAA
AAA

1.21 1.14
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.23%
1,059,706.17
1,059,811.51
101.16

4.21%
1,072,250.31
2,430.93

1.01%
12,438.80
NA/AAA
AAA

3.21 1.14
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 450,000.00 06/04/2024

5.18%
449,931.65
449,946.94
101.26

4.11%
455,673.60
388.50

0.43%
5,726.66
Aaa/AAA
NA

3.66 1.12
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 510,000.00 06/11/2024

5.81%
509,900.30
509,922.07
101.58

4.24%
518,054.89
1,178.67

0.49%
8,132.82
Aaa/NA
AAA

3.71 1.54
44934QAD3 HART 2024-B A3 4.84
03/15/2029 285,000.00 07/16/2024

5.45%
284,956.99
284,965.67
101.02

4.17%
287,904.72
613.07

0.27%
2,939.05
NA/AAA
AAA

3.71 1.40
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 630,000.00 08/09/2024

4.66%
629,901.03
629,919.61
100.54

4.21%
633,428.90
799.75

0.60%
3,509.30
Aaa/NA
AAA

3.72 1.35
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 530,000.00 05/14/2025

4.66%
529,935.39
529,937.25
101.14

4.13%
536,018.73
1,085.91

0.51%
6,081.49
NA/AAA
AAA

3.79 2.15
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,977.79
101.48

4.14%
512,480.62
1,106.51

0.48%
7,502.83
Aaa/AAA
NA

3.87 1.75
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 500,000.00 03/04/2025

5.09%
499,968.55
499,970.68
100.25

4.16%
501,234.80
940.00

0.47%
1,264.12
Aaa/NA
AAA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029 795,000.00 02/04/2025

4.57%
794,975.51
794,977.55
100.97

4.09%
802,683.12
1,009.21

0.76%
7,705.57
NA/AAA
AAA

4.23 1.82
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 680,000.00 02/04/2025

4.56%
679,933.02
679,938.54
100.86

4.09%
685,822.57
516.80

0.65%
5,884.03
Aaa/AAA
NA

4.24 1.65
44935CAD3 HART 2025-A A3 4.32
10/15/2029 635,000.00 03/04/2025

4.84%
634,906.34
634,912.54
100.39

4.16%
637,452.75
1,219.20

0.60%
2,540.22
NA/AAA
AAA

4.29 1.98
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 560,000.00 10/17/2024

4.29%
559,916.78
559,928.23
100.47

4.11%
562,632.56
1,067.73

0.53%
2,704.33
Aaa/AAA
NA

4.29 2.14
Total ABS 11,159,188.48 4.91%
11,158,435.44
11,158,740.05
100.86

4.21%
11,255,504.00
19,656.96

10.64%
96,763.94

3.27 1.50
AGENCY
3134GW3Z7

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025
8,050,000.00 10/28/2020

0.60%
8,050,000.00
8,050,000.00

98.78 4.39%
7,952,058.31
8,452.50

7.52%
(97,941.69)
Aa1/AA+
AA+

0.33 0.32
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

96.68 4.08%
4,833,892.35
19,000.00

4.57%
(166,107.65)
Aa1/AA+
AA+

1.08 1.05
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
2,022,579.85
101.10

3.85%
2,021,974.64
25,763.89

1.91%
(605.21)
Aa1/AA+
AA+

2.21 2.06
3130AEB25 FEDERAL HOME LOAN BANKS

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

4.15%
1,921,180.00
1,952,469.02

98.86 3.66%
1,977,290.70
3,972.22

1.87%
24,821.68
Aa1/AA+
AA+

2.94 2.77
3130AXQK7 FEDERAL HOME LOAN BANKS

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

4.05%
2,060,660.00
2,042,947.55
102.89

3.84%
2,057,787.90
6,069.44

1.95%
14,840.35
Aa1/AA+
AA+

3.44 3.15
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
2,103,266.12
102.95

3.91%
2,162,039.78
16,902.08

2.04%
58,773.65
Aa1/AA+
AA+

3.83 3.46
Total Agency 21,150,000.00 2.07%
21,191,823.00
21,171,262.54

99.36 4.10%
21,005,043.67
80,160.14

19.86%
(166,218.87)

1.59 1.49

AGENCY CMBS
3137FPJG1 FHMS K-099 A2 2.595
09/25/2029 1,140,000.00 06/11/2025

4.29%
1,066,122.66
1,066,843.18

94.30 4.09%
1,075,065.71
2,465.25

1.02%
8,222.53
Aa1/AA+
AAA

4.24 3.84
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030 1,500,000.00 06/12/2025

4.23%
1,365,820.31
1,366,952.63

91.55 4.12%
1,373,263.35
2,586.25

1.30%
6,310.72
Aa1/AA+
AAA

4.57 4.24
Total Agency CMBS 2,640,000.00 4.26%
2,431,942.97
2,433,795.81

92.76 4.10%
2,448,329.06
5,051.50

2.31%
14,533.26

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
CASH
CCYUSD Receivable 1,731.14 -- 1,731.14
1,731.14

1.00 0.00%
1,731.14

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 1,731.14
1,731.14
1,731.14

1.00 0.00%
1,731.14

0.00 0.00%

0.00 0.00

0.00 COMMERCIAL
PAPER
62479MBH5 MUFG Bank, Ltd., New York
Branch 02/17/2026 2,000,000.00 05/23/2025

4.41%
1,936,898.89
1,945,201.67

97.29 4.34%
1,945,840.00

0.00 1.84%
638.33
P-1/A-1
NA

0.64 0.62
Total Commercial
Paper 2,000,000.00 4.41%
1,936,898.89
1,945,201.67

97.29 4.34%
1,945,840.00

0.00 1.84%
638.33

0.64 0.62

CORPORATE
89236THP3 TOYOTA MOTOR CREDIT CORP

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

0.70%
5,025,000.00
5,001,492.75

98.96 4.39%
4,948,245.05
8,333.33

4.68%
(53,247.70)
A1/A+
A+

0.30 0.29
63743HFF4

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

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

5.50%
494,336.70
494,926.70
100.30

4.50%
496,470.56
4,571.19

0.47%
1,543.85
A2/A-
A

0.33 0.33
037833EB2 APPLE INC 0.7 02/08/2026 3,000,000.00 02/08/2021

0.70%
2,999,730.00
2,999,967.17

97.88 4.30%
2,936,348.79
8,341.67

2.78%
(63,618.38)
Aaa/AA+
NA

0.61 0.59
713448FQ6 PEPSICO INC 4.55 02/13/2026 195,000.00 02/13/2023

4.57%
194,886.90
194,976.53
100.07

4.43%
195,137.04
3,401.13

0.18%
160.51
A1/A+
NA

0.62 0.51
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026 470,000.00 02/13/2023

4.77%
469,689.80
469,933.49
100.14

4.51%
470,664.38
8,061.81

0.44%
730.89
A3/A-
A-

0.65 0.53
61747YET8 MORGAN STANLEY 4.679
07/17/2026 775,000.00 12/28/2022

5.76%
764,390.25
774,817.36

99.98 6.05%
774,880.10
16,519.47

0.73%

62.74 A1/A-
A+

1.05 0.04
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,858.02
101.20

4.10%
511,065.81
8,163.47

0.48%
6,207.79
A1/A
A+

1.19 1.13
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,953.47
101.26

4.16%
384,787.73
2,758.96

0.36%
4,834.26
A1/A+
NA

1.36 1.22
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027 1,000,000.00 03/30/2023

4.91%
991,550.00
995,821.71
100.91

4.26%
1,009,099.76
13,969.44

0.95%
13,278.05
A2/A-
AA-

2.21 1.97
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
998,936.36
101.82

4.13%
1,018,232.04
23,002.78

0.96%
19,295.68
A1/A
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
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,223,405.34

99.13 5.07%
1,239,106.05
21,377.22

1.17%
15,700.71
A1/A-
AA-

2.56 1.46
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,468,024.66

99.14 3.95%
1,487,095.97
19,950.00

1.41%
19,071.30
A1/A+
NA

2.64 2.45
857477CU5 STATE STREET CORP 4.536
02/28/2028 1,285,000.00 02/25/2025

4.51%
1,285,000.00
1,285,000.00
101.14

4.08%
1,299,635.96
19,914.93

1.23%
14,635.96
Aa3/A
AA-

2.67 2.38
58933YBH7 MERCK & CO INC 4.05
05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,259,262.15
100.46

3.88%
1,255,745.20
6,187.50

1.19%
(3,516.95)
Aa3/A+
NA

2.88 2.61
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
974,900.07

99.82 4.30%
998,225.19
19,597.22

0.94%
23,325.12
A2/A+
A

3.54 3.19
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,196,065.56
101.37

4.18%
1,216,410.37
23,153.33

1.15%
20,344.81
A1/A+
NA

3.59 3.22
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,473.09
102.48

4.11%
1,280,968.20
21,050.35

1.21%
30,495.11
A1/AA-
NA

3.66 3.21
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,246,797.48
102.07

4.18%
1,275,915.78
989.58

1.21%
29,118.29
A2/A
A

3.99 3.53
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
703,727.47
100.35

4.10%
707,502.33
11,268.25

0.67%
3,774.86
Aa3/A+
NA

4.12 3.62
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,275,867.22
101.70

4.19%
1,271,304.46
21,958.33

1.20%
(4,562.76)
A2/A
A

4.13 3.59
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,275,723.43

99.55 4.29%
1,294,179.81
14,336.29

1.22%
18,456.38
Aa1/AA+
NA

4.24 3.80
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,580.79
101.11

4.32%
839,253.74
2,757.44

0.79%
9,672.95
Aa1/AA+
AAA

4.43 3.96
14913UAX8 CATERPILLAR FINANCIAL
SERVICES CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,323.75
102.40

4.21%
983,058.42
22,144.00

0.93%
24,734.67
A2/A
A+

4.53 3.95
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,470.84
102.02

4.40%
836,530.63
19,197.11

0.79%
18,059.80
Aa3/AA-
AA-

4.53 3.94
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,200,000.00 --

4.90%
1,202,338.00
1,202,352.88
102.11

4.43%
1,225,309.74
28,215.00

1.16%
22,956.86
Aa3/AA+
AA+

4.53 3.94
Total Corporate 29,870,000.00 3.69%
29,751,138.95
29,783,658.30
100.31

4.32%
29,955,173.11
349,219.80

28.32%
171,514.81

2.46 2.14

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
31846V203 FIRST AMER:GVT OBLG Y 291,001.23 --

3.96%
291,001.23
291,001.23

1.00 3.96%
291,001.23

0.00 0.28%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 291,001.23 3.96%
291,001.23
291,001.23

1.00 3.96%
291,001.23

0.00 0.28%

0.00 0.00

0.00 SUPRANATIONAL
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
1,962,375.43

99.26 3.76%
1,985,110.48
32,861.11

1.88%
22,735.05
Aaa/AAA
NA

3.03 2.80
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
635,000.00 03/14/2025

4.20%
632,733.05
632,860.92
101.23

3.84%
642,779.35
7,348.80

0.61%
9,918.42
Aaa/AAA
NA

4.72 4.21
Total
Supranational 2,635,000.00 4.20%
2,571,113.05
2,595,236.36

99.74 3.78%
2,627,889.83
40,209.91

2.48%
32,653.47

3.45 3.15

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

1.01%
2,980,546.88
2,995,142.05

96.33 3.92%
2,889,843.75
6,598.36

2.73%
(105,298.30)
Aa1/AA+
AA+

1.25 1.22
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 1,000,000.00 --

3.68%
998,446.60
998,648.65

99.83 3.69%
998,281.25
9,112.02

0.94%
(367.40)
Aa1/AA+
AA+

2.75 2.57
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 2,000,000.00 12/28/2023

3.86%
1,935,078.13
1,955,104.51

98.13 3.72%
1,962,656.24
7,982.34

1.86%
7,551.73
Aa1/AA+
AA+

3.38 3.15
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,200,000.00 03/27/2024

4.18%
2,206,617.19
2,204,924.25
101.76

3.73%
2,238,757.82
31,251.36

2.12%
33,833.57
Aa1/AA+
AA+

3.67 3.33
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,169,905.44
101.35

3.73%
2,229,734.36
22,811.48

2.11%
59,828.93
Aa1/AA+
AA+

3.75 3.42
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,000,000.00 --

4.13%
2,042,382.82
2,034,514.06
103.13

3.74%
2,062,500.00
15,584.24

1.95%
27,985.94
Aa1/AA+
AA+

3.83 3.47
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,219,396.65
102.73

3.74%
2,259,984.36
8,385.25

2.14%
40,587.72
Aa1/AA+
AA+

3.92 3.56
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 09/26/2024

3.56%
2,038,515.62
2,032,481.22
100.93

3.75%
2,018,671.88
33,370.17

1.91%
(13,809.34)
Aa1/AA+
AA+

4.08 3.68
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,926,837.29

97.59 3.76%
1,951,718.76
20,889.95

1.85%
24,881.47
Aa1/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
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.10%
2,177,828.13
2,180,829.67
100.46

3.76%
2,210,140.64
21,428.96

2.09%
29,310.97
Aa1/AA+
AA+

4.25 3.85
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 2,500,000.00 04/29/2025

3.77%
2,523,535.16
2,522,648.12
100.95

3.76%
2,523,828.13
16,847.83

2.39%
1,180.00
Aa1/AA+
AA+

4.34 3.92
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,369,520.50
101.47

3.76%
2,435,251.20
8,385.25

2.30%
65,730.70
Aa1/AA+
AA+

4.42 4.00
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 2,500,000.00 04/29/2025

3.78%
2,550,488.28
2,548,686.17
101.97

3.78%
2,549,316.40
44,319.75

2.41%
630.23
Aa1/AA+
AA+

4.59 4.07
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00 --

4.02%
2,697,195.31
2,697,332.75
100.97

3.77%
2,726,261.71
36,097.83

2.58%
28,928.96
Aa1/AA+
AA+

4.67 4.17
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 2,500,000.00 04/29/2025

3.80%
2,480,664.06
2,481,331.56

99.29 3.79%
2,482,128.90
22,780.05

2.35%
797.34
Aa1/AA+
AA+

4.75 4.28
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 2,700,000.00 05/29/2025

4.03%
2,681,542.97
2,681,871.83
100.39

3.78%
2,710,546.88
17,627.04

2.56%
28,675.05
Aa1/AA+
AA+

4.83 4.34
Total US Treasury 36,100,000.00 3.79%
35,979,794.28
36,019,174.69
100.45

3.77%
36,249,622.27
323,471.85

34.27%
230,447.58

3.95 3.58
Total Portfolio 105,846,920.85 3.57%
105,313,878.94
105,399,801.80

99.71 4.06%
105,780,134.31
817,770.17
100.00%
380,332.52

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

ACQUISITIONS
Purchase 06/02/2025 31846V203 99,000.00 FIRST AMER:GVT OBLG Y 1.000 3.94% (99,000.00) 0.00 (99,000.00) 0.00 Purchase 06/03/2025 31846V203 1,213.78 FIRST AMER:GVT OBLG Y 1.000 3.93% (1,213.78) 0.00 (1,213.78) 0.00 Purchase 06/05/2025 31846V203 19,090.00 FIRST AMER:GVT OBLG Y 1.000 3.90% (19,090.00) 0.00 (19,090.00) 0.00 Purchase 06/09/2025 31846V203 80,000.00 FIRST AMER:GVT OBLG Y 1.000 3.89% (80,000.00) 0.00 (80,000.00) 0.00 Purchase 06/12/2025 31846V203 824,326.24 FIRST AMER:GVT OBLG Y 1.000 3.89% (824,326.24) 0.00 (824,326.24) 0.00 Purchase 06/13/2025 57629TBV8 200,000.00

MASSMUTUAL GLOBAL
FUNDING II 4.95
01/10/2030
101.409 4.60% (202,818.00) (4,207.50) (207,025.50) 0.00 Purchase 06/13/2025 31846V203 1,523,328.90 FIRST AMER:GVT OBLG Y 1.000 3.89% (1,523,328.90) 0.00 (1,523,328.90) 0.00 Purchase 06/16/2025 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 93.520 4.29% (1,066,122.66) (1,232.63) (1,067,355.29) 0.00 Purchase 06/17/2025 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 91.055 4.23% (1,365,820.31) (1,379.33) (1,367,199.64) 0.00 Purchase 06/20/2025 31846V203 2,631.59 FIRST AMER:GVT OBLG Y 1.000 3.90% (2,631.59) 0.00 (2,631.59) 0.00 Purchase 06/20/2025 31846V203 1,669.83 FIRST AMER:GVT OBLG Y 1.000 3.90% (1,669.83) 0.00 (1,669.83) 0.00 Purchase 06/23/2025 31846V203 20,458.94 FIRST AMER:GVT OBLG Y 1.000 3.89% (20,458.94) 0.00 (20,458.94) 0.00 Purchase 06/25/2025 31846V203 45,908.44 FIRST AMER:GVT OBLG Y 1.000 (45,908.44) 0.00 (45,908.44) 0.00 Total Purchase 5,457,627.72 (5,252,388.69) (6,819.46) (5,259,208.15) 0.00 TOTAL
ACQUISITIONS 5,457,627.72 (5,252,388.69) (6,819.46) (5,259,208.15) 0.00

DISPOSITIONS
Sale 06/05/2025 31846V203 (6,446.90) FIRST AMER:GVT OBLG Y 1.000 3.90% 6,446.90 0.00 6,446.90 0.00 Sale 06/12/2025 91282CGT2 (825,000.00) UNITED STATES TREASURY

3.625 03/31/2028 99.195 3.68% 818,361.33 (5,964.91) 824,326.24 (5,502.71) Sale 06/13/2025 4581X0EK0 (1,720,000.00)

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
100.252 4.53% 1,724,334.40 (6,020.00) 1,730,354.40 4,760.64 Sale 06/16/2025 31846V203 (1,024,427.42) FIRST AMER:GVT OBLG Y 1.000 3.89% 1,024,427.42 0.00 1,024,427.42 0.00 Sale 06/17/2025 31846V203 (1,367,199.64) FIRST AMER:GVT OBLG Y 1.000 3.91% 1,367,199.64 0.00 1,367,199.64 0.00 Total Sale (4,943,073.96) 4,940,769.69 (11,984.91) 4,952,754.60 (742.07) 576
CONFIDENTIAL | 11
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 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 (4,943,073.96) 4,940,769.69 (11,984.91) 4,952,754.60 (742.07) OTHER

TRANSACTIONS
Coupon 06/05/2025 64952WFK4 0.00 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 4.61% 19,090.00 0.00 19,090.00 0.00 Coupon 06/08/2025 3130AXQK7 0.00 FEDERAL HOME LOAN
BANKS 4.75 12/08/2028 4.05% 47,500.00 0.00 47,500.00 0.00 Coupon 06/09/2025 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 06/15/2025 47786WAD2 0.00 JDOT 2024-B A3 5.2
03/15/2029 5.81% 2,210.00 0.00 2,210.00 0.00
Coupon 06/15/2025 44934QAD3 0.00 HART 2024-B A3 4.84
03/15/2029 5.45% 1,149.50 0.00 1,149.50 0.00
Coupon 06/15/2025 02582JKD1 0.00 AMXCA 2023-3 A 5.23
09/15/2026 5.29% 4,598.04 0.00 4,598.04 0.00
Coupon 06/15/2025 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 06/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 1,762.50 0.00 1,762.50 0.00
Coupon 06/15/2025 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 2,074.71 0.00 2,074.71 0.00
Coupon 06/15/2025 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2026 4.92% 1,420.42 0.00 1,420.42 0.00
Coupon 06/15/2025 44935CAD3 0.00 HART 2025-A A3 4.32
10/15/2029 4.84% 2,286.00 0.00 2,286.00 0.00
Coupon 06/15/2025 58768YAD7 0.00 MBALT 2025-A A3 4.61
04/16/2029 4.66% 1,628.87 0.00 1,628.87 0.00
Coupon 06/15/2025 44935DAD1 0.00 HALST 2025-B A3 4.53
04/17/2028 4.53% 1,245.75 0.00 1,245.75 0.00
Coupon 06/15/2025 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 2,002.00 0.00 2,002.00 0.00
577
CONFIDENTIAL | 12
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 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 06/15/2025 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 3.39% 1,236.15 0.00 1,236.15 0.00
Coupon 06/20/2025 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.80% 2,631.59 0.00 2,631.59 0.00
Coupon 06/20/2025 36271VAD9 0.00 GMALT 2025-1 A3 4.66
02/21/2028 4.66% 1,669.83 0.00 1,669.83 0.00
Coupon 06/21/2025 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.74% 1,559.25 0.00 1,559.25 0.00
Coupon 06/21/2025 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.09% 545.28 0.00 545.28 0.00
Coupon 06/21/2025 43813YAC6 0.00 HAROT 2024-3 A3 4.57
03/21/2029 4.66% 2,399.25 0.00 2,399.25 0.00
Coupon 06/21/2025 43814VAC1 0.00 HAROT 2025-1 A3 4.57
09/21/2029 4.57% 3,027.62 0.00 3,027.62 0.00
Coupon 06/25/2025 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.47% 704.98 0.00 704.98 0.00
Coupon 06/25/2025 096919AD7 0.00 BMWOT 2024-A A3 5.18
02/26/2029 5.18% 1,942.50 0.00 1,942.50 0.00
Coupon 06/25/2025 437076DC3 0.00 HOME DEPOT INC 4.75
06/25/2029 4.82% 29,687.50 0.00 29,687.50 0.00
Coupon 06/25/2025 096924AD7 0.00 BMWOT 2025-A A3 4.56
09/25/2029 4.56% 2,584.00 0.00 2,584.00 0.00
Total Coupon 0.00 172,013.74 0.00 172,013.74 0.00
Custody Fee 06/25/2025 CCYUSD (708.32) Cash 0.00% (708.32) 0.00 (708.32) 0.00 Total Custody Fee (708.32) (708.32) 0.00 (708.32) 0.00
Management Fee 06/05/2025 CCYUSD (6,446.90) Cash 0.00% (6,446.90) 0.00 (6,446.90) 0.00 Total
Management Fee (6,446.90) (6,446.90) 0.00 (6,446.90) 0.00 Principal Paydown 06/15/2025 47800CAC0 16,755.93 JDOT 2023 A3 5.01 11/15/2027 3.39% 16,755.93 -- 16,755.93 (0.00)
Principal Paydown 06/21/2025 43815JAC7 12,927.54 HAROT 2023-1 A3 5.04 04/21/2027 5.09% 12,927.54 -- 12,927.54 0.00
578
CONFIDENTIAL | 13
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 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
Principal Paydown 06/25/2025 05592XAD2 11,697.78 BMWOT 2023-A A3 5.47 02/25/2028 5.47% 11,697.78 -- 11,697.78 (0.00)
Total Principal
Paydown 41,381.25 41,381.25 -- 41,381.25 0.00

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
291,001.23
71,447.47
2,617,627.72
(2,398,073.96)
291,001.23

0.00 1,213.78

0.00 0.00

0.00 1,213.78
1,213.78
CCYUSD Receivable
1,731.14
100,213.78

0.00 0.00
1,731.14

0.00 0.00

0.00 Total Cash & Equivalents 292,732.37
171,661.25
2,617,627.72
(2,398,073.96)
292,732.37

0.00 1,213.78

0.00 0.00

0.00 1,213.78 1,213.78

FIXED INCOME
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026
06/07/2023
06/14/2023
350,000.00
349,986.92

0.00 0.00
349,988.04
757.56
1,420.42
757.56
1,420.42

1.13 0.00

1.13 1,421.55
1,421.55
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2026
09/12/2023
09/19/2023
1,055,000.00
1,054,968.90

0.00 0.00
1,054,980.95
2,452.29
4,598.04
2,452.29
4,598.04

12.05 0.00

12.05 4,610.09
4,610.09
037833EB2 APPLE INC 0.7 02/08/2026
02/08/2021
02/08/2021
3,000,000.00
2,999,962.74

0.00 0.00
2,999,967.17
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
05/15/2029
06/06/2024
06/13/2024
505,000.00
504,977.32

0.00 0.00
504,977.79
1,106.51
2,074.71
1,106.51
2,074.71

0.47 0.00

0.47 2,075.18
2,075.18
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/11/2023
07/18/2023
142,959.30
154,640.81

0.00 (11,697.78)
142,944.71
141.00
704.98
130.33
694.32

1.68 0.00

3.824 01/20/2028
06/27/2024
06/28/2024
1,250,000.00
1,222,000.69

0.00 0.00
1,223,405.34
17,393.89

0.00 21,377.22
3,983.33
1,404.65

0.00 1,404.65
5,387.98
5,387.98
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027
03/30/2023
03/31/2023
1,000,000.00
995,666.00

0.00 0.00
995,821.71
10,052.78

0.00 13,969.44
3,916.67
155.71

0.00 155.71
4,072.38
4,072.38
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
450,000.00
449,945.75

0.00 0.00
449,946.94
388.50
1,942.50
388.50
1,942.50

1.19 0.00

1.19 1,943.69
1,943.69
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029
02/04/2025
02/12/2025
680,000.00
679,937.35

0.00 0.00
679,938.54
516.80
2,584.00
516.80
2,584.00

1.19 0.00

1.19 2,585.19
2,585.19
14913UAX8

CATERPILLAR FINANCIAL
SERVICES CORP 4.8
01/08/2030
01/06/2025
01/08/2025
960,000.00
958,293.31

0.00 0.00
958,323.75
18,304.00

0.00 22,144.00
3,840.00

30.44 0.00

30.44 3,870.44
3,870.44
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,060,000.00
1,059,806.69

0.00 0.00
1,059,811.51
2,430.93
4,558.00
2,430.93
4,558.00

4.82 0.00

4.82 4,562.82
4,562.82
171239AL0 CHUBB INA HOLDINGS LLC

4.65 08/15/2029
09/26/2024
09/27/2024
1,250,000.00
1,276,393.34

0.00 0.00
1,275,867.22
17,114.58

0.00 21,958.33
4,843.75

0.00 (526.11)
(526.11)
4,317.64
4,317.64
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
02/27/2024
02/29/2024
1,250,000.00
1,250,483.97

0.00 0.00
1,250,473.09
15,998.26

0.00 21,050.35
5,052.08

0.00 (10.88)
(10.88)
5,041.21
5,041.21
24422EXD6 JOHN DEERE CAPITAL CORP

5.15 09/08/2026
09/05/2023
09/08/2023
505,000.00
504,848.21

0.00 0.00
504,858.02
5,996.17

0.00 8,163.47
2,167.29

9.81 0.00

3.25 06/09/2028
07/24/2023
07/25/2023
2,000,000.00
1,951,141.34

0.00 0.00
1,952,469.02
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
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
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028
01/29/2024
01/30/2024
2,000,000.00
2,043,973.37

0.00 0.00
2,042,947.55
45,652.78
47,500.00
6,069.44
7,916.67

0.00 (1,025.82)
(1,025.82)
6,890.85
6,890.85
3133EPDJ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
03/27/2023
03/28/2023
2,000,000.00
2,023,420.29

0.00 0.00
2,022,579.85
18,472.22

0.00 25,763.89
7,291.67

0.00 (840.44)
(840.44)
6,451.23
6,451.23
3133ERDH1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
04/30/2029
04/29/2024
04/30/2024
2,100,000.00
2,103,336.16

0.00 0.00
2,103,266.12
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
8,050,000.00
8,050,000.00

0.00 0.00
8,050,000.00
4,427.50

0.00 8,452.50
4,025.00

0.00 0.00

0.00 4,025.00
4,025.00
3137FPJG1 FHMS K-099 A2 2.595
09/25/2029
06/11/2025
06/16/2025
1,140,000.00

0.00 1,066,122.66

0.00 1,066,843.18

0.00 (1,232.63)
2,465.25
1,232.62
720.52

0.00 720.52
1,953.14
1,953.14
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030
06/12/2025
06/17/2025
1,500,000.00

0.00 1,365,820.31

0.00 1,366,952.63

0.00 (1,379.33)
2,586.25
1,206.92
1,132.32

0.00 1,132.32
2,339.24
2,339.24
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028
02/05/2025
02/12/2025
430,000.00
429,954.27

0.00 0.00
429,955.65
612.27
1,669.83
612.27
1,669.83

1.38 0.00

0.00 0.00
985,533.75
250.63
2,631.59
1,378.45
3,759.42

0.22 (22.60)
(22.37)
3,737.04
3,737.04
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029
11/26/2024
11/27/2024
1,300,000.00
1,275,252.95

0.00 0.00
1,275,723.43
9,809.04

0.00 14,336.29
4,527.25
470.48

0.00 470.48
4,997.73
4,997.73
437076DC3 HOME DEPOT INC 4.75
06/25/2029
06/27/2024
06/28/2024
1,250,000.00
1,246,731.45

0.00 0.00
1,246,797.48
25,729.17
29,687.50
989.58
4,947.92

66.03 0.00

66.03 5,013.95
5,013.95
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028
11/01/2023
11/08/2023
330,000.00
329,961.56

0.00 0.00
329,962.59
519.75
1,559.25
519.75
1,559.25

1.03 0.00

1.03 1,560.28
1,560.28
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029
08/09/2024
08/21/2024
630,000.00
629,917.83

0.00 0.00
629,919.61
799.75
2,399.25
799.75
2,399.25

1.77 0.00

1.77 2,401.02
2,401.02
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029
02/04/2025
02/11/2025
795,000.00
794,977.11

0.00 0.00
794,977.55
1,009.21
3,027.62
1,009.21
3,027.62

0.44 0.00

0.44 3,028.06
3,028.06
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027
02/16/2023
02/24/2023
116,900.53
129,817.11

0.00 (12,927.54)
116,891.10
181.76
545.28
163.66
527.18

1.52 0.00

1.52 528.70
528.70
44934QAD3 HART 2024-B A3 4.84
03/15/2029
07/16/2024
07/24/2024
285,000.00
284,964.91

0.00 0.00
284,965.67
613.07
1,149.50
613.07
1,149.50

0.76 0.00

0.76 1,150.26
1,150.26
44935CAD3 HART 2025-A A3 4.32
10/15/2029
03/04/2025
03/12/2025
635,000.00
634,910.86

0.00 0.00
634,912.54
1,219.20
2,286.00
1,219.20
2,286.00

1.67 0.00

0.00 0.00
329,971.91
664.40
1,245.75
664.40
1,245.75

0.83 0.00

0.83 1,246.58
1,246.58
4581X0EK0

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
06/27/2023
07/06/2023

0.00 1,719,558.53

0.00 (1,719,573.76)

0.00 3,440.00
6,020.00

0.00 2,580.00

15.22 0.00

15.22 2,595.22
2,595.22
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
07/24/2023
07/26/2023
2,000,000.00
1,961,355.80

0.00 0.00
1,962,375.43
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
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
635,000.00
632,823.68

0.00 0.00
632,860.92
5,165.99

0.00 7,348.80
2,182.81

37.24 0.00

37.24 2,220.06
2,220.06
47786WAD2 JDOT 2024-B A3 5.2
03/15/2029
06/11/2024
06/18/2024
510,000.00
509,920.34

0.00 0.00
509,922.07
1,178.67
2,210.00
1,178.67
2,210.00

1.73 0.00

1.73 2,211.73
2,211.73
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
279,328.65
296,056.43

0.00 (16,755.93)
279,302.98
659.28
1,236.15
621.97
1,198.84

2.48 0.00

2.48 1,201.32
1,201.32
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
500,000.00
499,970.11

0.00 0.00
499,970.68
940.00
1,762.50
940.00
1,762.50

0.57 0.00

0.57 1,763.07
1,763.07
532457CQ9 ELI LILLY AND CO 4.2
08/14/2029
08/12/2024
08/14/2024
705,000.00
703,702.10

0.00 0.00
703,727.47
8,800.75

0.00 11,268.25
2,467.50

25.37 0.00

25.37 2,492.87
2,492.87
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,200,000.00
999,557.33
202,818.00

0.00 1,202,352.88
19,387.50
(4,207.50)
28,215.00
4,620.00

0.00 0.00
529,937.25
678.69
1,628.87
1,085.91
2,036.09

1.36 0.00

1.36 2,037.45
2,037.45
58933YBH7 MERCK & CO INC 4.05
05/17/2028
09/26/2024
09/27/2024
1,250,000.00
1,259,534.30

0.00 0.00
1,259,262.15
1,968.75

0.00 6,187.50
4,218.75

0.00 (272.15)
(272.15)
3,946.60
3,946.60
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030
01/02/2025
01/09/2025
820,000.00
818,443.09

0.00 0.00
818,470.84
15,848.78

0.00 19,197.11
3,348.33

27.75 0.00

27.75 3,376.09
3,376.09
61747YET8 MORGAN STANLEY 4.679
07/17/2026
12/28/2022
12/30/2022
775,000.00
774,474.90

0.00 0.00
774,817.36
13,497.62

0.00 16,519.47
3,021.85
342.46

0.00 342.46
3,364.31
3,364.31
62479MBH5 MUFG Bank, Ltd., New York
Branch 02/17/2026
05/23/2025
05/27/2025
2,000,000.00
1,938,085.00

0.00 0.00
1,945,201.67

0.00 0.00

0.00 0.00
7,116.67

0.00 7,116.67
7,116.67
7,116.67
63743HFF4

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.45 10/30/2025
10/20/2022
10/31/2022
495,000.00
494,908.53

0.00 0.00
494,926.70
2,323.06

0.00 4,571.19
2,248.13

18.17 0.00

18.17 2,266.30
2,266.30
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029
12/02/2024
12/05/2024
830,000.00
829,573.02

0.00 0.00
829,580.79
18,665.78
19,090.00
2,757.44
3,181.67

7.77 0.00

7.77 3,189.44
3,189.44
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
03/27/2024
03/28/2024
1,200,000.00
1,195,975.46

0.00 0.00
1,196,065.56
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
1,467,027.51

0.00 0.00
1,468,024.66
15,450.00

0.00 19,950.00
4,500.00
997.15

0.00 0.00
194,976.53
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
379,950.67

0.00 0.00
379,953.47
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
998,901.86

0.00 0.00
998,936.36
18,919.44

0.00 23,002.78
4,083.33

34.50 0.00

34.50 4,117.83
4,117.83
857477CU5 STATE STREET CORP 4.536
02/28/2028
02/25/2025
02/28/2025
1,285,000.00
1,285,000.00

0.00 0.00
1,285,000.00
15,057.63

0.00 19,914.93
4,857.30

0.00 0.00

0.00 4,857.30
4,857.30
89236THP3 TOYOTA MOTOR CREDIT
CORP 0.8 10/16/2025
11/19/2020
11/19/2020
5,000,000.00
5,001,911.27

0.00 0.00
5,001,492.75
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
469,925.00

0.00 0.00
469,933.49
6,201.39

0.00 8,061.81
1,860.42

8.49 0.00

8.49 1,868.91
1,868.91
9128285M8 UNITED STATES TREASURY

3.125 11/15/2028
12/28/2023
12/29/2023
2,000,000.00
1,954,012.16

0.00 0.00
1,955,104.51
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
2,994,822.44

0.00 0.00
2,995,142.05
4,446.72

0.00 6,598.36
2,151.64
319.60

0.00 319.60
2,471.24
2,471.24
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
10/30/2024
10/31/2024
2,000,000.00
1,925,395.18

0.00 0.00
1,926,837.29
15,794.84

0.00 20,889.95
5,095.11
1,442.10

3.875 09/30/2029
10/30/2024
10/31/2024
2,200,000.00
2,180,459.11

0.00 0.00
2,180,829.67
14,441.26

0.00 21,428.96
6,987.70
370.56

0.00 370.56
7,358.27
7,358.27
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029
04/29/2025
04/30/2025
2,500,000.00
2,523,077.33

0.00 0.00
2,522,648.12
8,695.65

0.00 16,847.83
8,152.17

0.00 (429.21)
(429.21)
7,722.96
7,722.96
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00
2,697,285.77

0.00 0.00
2,697,332.75
27,293.48

0.00 36,097.83
8,804.35

46.99 0.00

46.99 8,851.33
8,851.33
91282CGS4 UNITED STATES TREASURY

3.625 03/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,481,008.58

0.00 0.00
2,481,331.56
15,351.78

0.00 22,780.05
7,428.28
322.98

0.00 322.98
7,751.26
7,751.26
91282CGT2 UNITED STATES TREASURY

3.625 03/31/2028 1,000,000.00
1,822,460.10

0.00 (823,864.04)
998,648.65
11,206.80
5,964.91
9,112.02
3,870.14
109.40
(56.80)

52.59 3,922.73
3,922.73
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
03/27/2024
03/28/2024
2,200,000.00
2,205,034.66

0.00 0.00
2,204,924.25
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
2,169,245.95

0.00 0.00
2,169,905.44
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 2,000,000.00
2,035,254.18

0.00 0.00
2,034,514.06
8,043.48

0.00 15,584.24
7,540.76

0.00 (740.12)
(740.12)
6,800.65
6,800.65
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/13/2024
06/14/2024
2,200,000.00
2,219,803.57

0.00 0.00
2,219,396.65
270.49
49,500.00
8,385.25
57,614.75

0.00 0.00
2,032,481.22
26,740.33

0.00 33,370.17
6,629.83

0.00 (653.55)
(653.55)
5,976.29
5,976.29
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/27/2024
12/30/2024
2,400,000.00
2,368,953.61

0.00 0.00
2,369,520.50
270.49
49,500.00
8,385.25
57,614.75
566.88

0.00 566.88
58,181.64
58,181.64
91282CMG3 UNITED STATES TREASURY

4.25 01/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,549,558.16

0.00 0.00
2,548,686.17
35,514.50

0.00 44,319.75
8,805.25

0.00 (871.99)
(871.99)
7,933.26
7,933.26
91282CMZ1 UNITED STATES TREASURY

3.875 04/30/2030
05/29/2025
05/30/2025
2,700,000.00
2,681,563.52

0.00 0.00
2,681,871.83
9,097.83

0.00 17,627.04
8,529.21
308.30

0.00 308.30
8,837.51
8,837.51
91324PEU2 UNITEDHEALTH GROUP INC

4.25 01/15/2029
05/28/2024
05/29/2024
1,000,000.00
974,318.16

0.00 0.00
974,900.07
16,055.56

0.00 19,597.22
3,541.67
581.91

0.00 581.91
4,123.58
4,123.58
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
560,000.00
559,926.86

0.00 0.00
559,928.23
1,067.73
2,002.00
1,067.73
2,002.00

1.37 0.00

1.37 2,003.37
2,003.37
Total Fixed Income 105,554,188.48
105,042,676.74
2,634,760.97
(2,584,819.04)
105,107,069.43
702,843.24
276,179.19
817,770.17
391,106.12
20,936.65
(6,485.89)
14,450.76
405,556.88 405,556.88
TOTAL PORTFOLIO 105,846,920.85
105,214,337.99
5,252,388.69
(4,982,893.00)
105,399,801.80
702,843.24
277,392.97
817,770.17
392,319.90
20,936.65
(6,485.89)
14,450.76
406,770.66 406,770.66
588
CONFIDENTIAL | 23
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 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 JULY 2025
07/01/2025 Dividend 31846V203 291,001.23 FIRST AMER:GVT OBLG Y 1,731.14 1,731.14 07/08/2025 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
07/09/2025 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
07/10/2025 Coupon 57629TBV8 1,200,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 29,700.00 29,700.00
07/14/2025 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
07/14/2025 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 07/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 07/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 07/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 07/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 07/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 07/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 07/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 07/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 07/15/2025 Coupon 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 1,156.17 1,156.17 07/15/2025 Principal Paydown 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 20,400.03 20,400.03 07/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 07/15/2025 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 07/15/2025 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 07/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 07/17/2025 Coupon 61747YET8 775,000.00 MORGAN STANLEY 4.679 07/17/2026 18,131.13 18,131.13 07/17/2025 Effective Maturity 61747YET8 775,000.00 MORGAN STANLEY 4.679 07/17/2026 775,000.00 775,000.00 07/21/2025 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 07/21/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 07/21/2025 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,931.79 3,931.79 07/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 07/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 589
CONFIDENTIAL | 24
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 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 07/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 07/21/2025 Coupon 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 509.89 509.89 07/21/2025 Principal Paydown 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 12,340.95 12,340.95 07/25/2025 Coupon 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 651.66 651.66 07/25/2025 Principal Paydown 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 10,345.94 10,345.94 07/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 07/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 07/25/2025 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 07/25/2025 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 07/29/2025 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 07/31/2025 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 07/31/2025 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 07/31/2025 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 July 2025 Total 819,818.07 388,662.59 1,208,480.66
AUGUST 2025
08/08/2025 Coupon 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 10,500.00 10,500.00 08/13/2025 Coupon 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 4,436.25 4,436.25 08/14/2025 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 08/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 08/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 08/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 08/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 08/15/2025 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 08/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 08/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 08/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 08/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 08/15/2025 Coupon 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 1,071.00 1,071.00 08/15/2025 Principal Paydown 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 18,826.85 18,826.85 08/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 08/15/2025 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 08/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 590
CONFIDENTIAL | 25
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/18/2025 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 08/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 08/20/2025 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,931.79 3,931.79 08/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,559.25 1,559.25 08/21/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 18,217.27 18,217.27 08/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 08/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 08/21/2025 Coupon 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 458.06 458.06 08/21/2025 Principal Paydown 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 11,964.25 11,964.25 08/21/2025 Coupon 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 11,162.50 11,162.50 08/25/2025 Coupon 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 604.50 604.50 08/25/2025 Principal Paydown 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 10,030.47 10,030.47 08/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 08/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 08/25/2025 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 08/25/2025 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 08/26/2025 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 08/28/2025 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 August 2025 Total 59,038.83 206,064.85 265,103.68
SEPTEMBER 2025
09/02/2025 Coupon 91282CFJ5 2,000,000.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 09/02/2025 Coupon 91282CGQ8 2,700,000.00 UNITED STATES TREASURY 4.0 02/28/2030 54,000.00 54,000.00 09/02/2025 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 09/08/2025 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 09/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 09/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 09/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 09/15/2025 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 09/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 09/15/2025 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
09/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 591
CONFIDENTIAL | 26
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 09/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 09/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 09/15/2025 Coupon 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 992.40 992.40 09/15/2025 Principal Paydown 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 19,388.58 19,388.58 09/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 09/15/2025 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 09/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 09/22/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 09/22/2025 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,931.79 3,931.79 09/22/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,473.17 1,473.17 09/22/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 18,867.27 18,867.27 09/22/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 09/22/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 09/22/2025 Coupon 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 407.81 407.81 09/22/2025 Principal Paydown 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 11,677.85 11,677.85 09/22/2025 Coupon 459058LR2 635,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 13,096.88 13,096.88
09/25/2025 Coupon 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 558.77 558.77 09/25/2025 Principal Paydown 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 9,813.69 9,813.69 09/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 09/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 09/25/2025 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 09/25/2025 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 09/26/2025 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
09/30/2025 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 09/30/2025 Coupon 91282CFL0 2,200,000.00 UNITED STATES TREASURY 3.875 09/30/2029 42,625.00 42,625.00 09/30/2025 Coupon 91282CGS4 2,500,000.00 UNITED STATES TREASURY 3.625 03/31/2030 45,312.50 45,312.50 09/30/2025 Coupon 91282CGT2 1,000,000.00 UNITED STATES TREASURY 3.625 03/31/2028 18,125.00 18,125.00 09/30/2025 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 592
CONFIDENTIAL | 27
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 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 2025
Total 59,747.39 466,458.27 526,205.67
OCTOBER 2025
10/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 10/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 10/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 10/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 10/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 10/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 10/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 10/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 10/15/2025 Coupon 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 911.45 911.45 10/15/2025 Principal Paydown 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 23,055.78 23,055.78 10/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 10/15/2025 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 10/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 10/16/2025 Coupon 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 20,000.00 20,000.00 10/16/2025 Final Maturity 89236THP3 5,000,000.00 TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 5,000,000.00 5,000,000.00 10/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 10/20/2025 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,931.79 3,931.79 10/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,384.03 1,384.03 10/21/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 18,121.39 18,121.39 10/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 10/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 10/21/2025 Coupon 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 358.76 358.76 10/21/2025 Principal Paydown 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 11,244.65 11,244.65 10/27/2025 Coupon 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 514.04 514.04 10/27/2025 Principal Paydown 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 9,433.37 9,433.37 10/27/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 10/27/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 10/27/2025 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 10/27/2025 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 593
CONFIDENTIAL | 28
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/28/2025 Coupon 3134GW3Z7 8,050,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 24,150.00 24,150.00
10/28/2025 Final Maturity 3134GW3Z7 8,050,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.6 10/28/2025 8,050,000.00 8,050,000.00
10/30/2025 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
10/30/2025 Coupon 63743HFF4 495,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.45 10/30/2025 13,488.75 13,488.75
10/30/2025 Final Maturity 63743HFF4 495,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.45 10/30/2025 495,000.00 495,000.00
10/31/2025 Coupon 91282CFT3 2,500,000.00 UNITED STATES TREASURY 4.0 10/31/2029 50,000.00 50,000.00 10/31/2025 Coupon 91282CKP5 2,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 46,250.00 46,250.00 10/31/2025 Coupon 91282CMZ1 2,700,000.00 UNITED STATES TREASURY 3.875 04/30/2030 52,312.50 52,312.50 October 2025 Total 13,606,855.19 305,194.02 13,912,049.22 NOVEMBER 2025
11/10/2025 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 11/17/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 11/17/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 11/17/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 11/17/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 11/17/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 11/17/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 11/17/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 11/17/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 11/17/2025 Coupon 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 815.19 815.19 11/17/2025 Principal Paydown 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 26,962.77 26,962.77 11/17/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 11/17/2025 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 11/17/2025 Coupon 58933YBH7 1,250,000.00 MERCK & CO INC 4.05 05/17/2028 25,312.50 25,312.50 11/17/2025 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 11/17/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 11/20/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 11/20/2025 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,931.79 3,931.79 594
CONFIDENTIAL | 29
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 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 11/21/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,298.40 1,298.40 11/21/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 17,649.29 17,649.29 11/21/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 11/21/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 11/21/2025 Coupon 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 311.53 311.53 11/21/2025 Principal Paydown 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 9,882.75 9,882.75 11/25/2025 Coupon 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 471.04 471.04 11/25/2025 Principal Paydown 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 8,679.47 8,679.47 11/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 11/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 11/25/2025 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 11/25/2025 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 November 2025
Total 63,174.28 115,145.66 178,319.95
DECEMBER 2025
12/01/2025 Coupon 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 12/01/2025 Coupon 91282CMA6 2,400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 12/05/2025 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
12/08/2025 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 12/09/2025 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 12/15/2025 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 12/15/2025 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 12/15/2025 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 12/15/2025 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 12/15/2025 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 12/15/2025 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 12/15/2025 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 12/15/2025 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 12/15/2025 Coupon 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 702.62 702.62 12/15/2025 Principal Paydown 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 18,022.89 18,022.89 12/15/2025 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 595
CONFIDENTIAL | 30
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2025 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 12/15/2025 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 12/22/2025 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 12/22/2025 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,931.79 3,931.79 12/22/2025 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,215.01 1,215.01 12/22/2025 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 16,738.46 16,738.46 12/22/2025 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 12/22/2025 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 12/22/2025 Coupon 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 270.02 270.02 12/22/2025 Principal Paydown 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 9,435.88 9,435.88 12/25/2025 Coupon 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 431.48 431.48 12/25/2025 Principal Paydown 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 8,253.61 8,253.61 12/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 12/25/2025 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 12/25/2025 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 12/25/2025 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 12/26/2025 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 December 2025
Total 52,450.84 276,346.13 328,796.96
JANUARY 2026
01/08/2026 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
01/09/2026 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
01/12/2026 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
01/12/2026 Coupon 57629TBV8 1,200,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 29,700.00 29,700.00
01/12/2026 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 01/13/2026 Coupon 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 3,696.88 3,696.88 01/13/2026 Effective Maturity 713448FQ6 195,000.00 PEPSICO INC 4.55 02/13/2026 195,000.00 195,000.00 01/15/2026 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 01/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 596
CONFIDENTIAL | 31
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 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 01/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 01/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 01/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 01/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 01/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 01/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 01/15/2026 Coupon 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 627.37 627.37 01/15/2026 Principal Paydown 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 20,464.65 20,464.65 01/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 01/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 01/15/2026 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 01/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 01/20/2026 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 01/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 01/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,931.79 3,931.79 01/21/2026 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,135.92 1,135.92 01/21/2026 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 16,400.70 16,400.70 01/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 01/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 01/21/2026 Coupon 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 230.39 230.39 01/21/2026 Principal Paydown 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 9,229.26 9,229.26 01/21/2026 Coupon 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 9,302.08 9,302.08 01/21/2026 Effective Maturity 907818GE2 470,000.00 UNION PACIFIC CORP 4.75 02/21/2026 470,000.00 470,000.00 01/26/2026 Coupon 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 393.85 393.85 01/26/2026 Principal Paydown 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 8,095.92 8,095.92 01/26/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 01/26/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 9,356.67 9,356.67 01/26/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 01/26/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 01/26/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 01/29/2026 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 January 2026 Total 728,547.21 261,316.00 989,863.21
597
CONFIDENTIAL | 32
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 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 FEBRUARY 2026
02/02/2026 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 02/02/2026 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 02/02/2026 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 02/09/2026 Coupon 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 10,500.00 10,500.00 02/09/2026 Final Maturity 037833EB2 3,000,000.00 APPLE INC 0.7 02/08/2026 3,000,000.00 3,000,000.00 02/16/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 02/16/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 02/16/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 02/16/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 02/16/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,210.00 2,210.00 02/16/2026 Coupon 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 541.93 541.93 02/16/2026 Principal Paydown 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 13,533.56 13,533.56 02/16/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 02/16/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 02/17/2026 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 02/17/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 02/17/2026 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 02/17/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 02/17/2026 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 02/17/2026 Final Maturity 62479MBH5 2,000,000.00 MUFG Bank, Ltd., New York Branch 02/17/2026 2,000,000.00 2,000,000.00 02/17/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 02/18/2026 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 02/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 02/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,931.79 3,931.79 02/23/2026 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 1,058.43 1,058.43 02/23/2026 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 16,142.20 16,142.20 02/23/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 02/23/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 02/23/2026 Coupon 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 191.63 191.63 02/23/2026 Principal Paydown 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 9,056.71 9,056.71 02/25/2026 Coupon 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 356.95 356.95 598
CONFIDENTIAL | 33
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/25/2026 Principal Paydown 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 7,978.26 7,978.26 02/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,902.11 1,902.11 02/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 24,537.89 24,537.89 02/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 02/25/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 02/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 02/26/2026 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 February 2026
Total 5,071,248.63 280,463.05 5,351,711.68
MARCH 2026
03/02/2026 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 03/02/2026 Coupon 91282CFJ5 2,000,000.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 03/02/2026 Coupon 91282CGQ8 2,700,000.00 UNITED STATES TREASURY 4.0 02/28/2030 54,000.00 54,000.00 03/02/2026 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 03/09/2026 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 03/16/2026 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 03/16/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 03/16/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 03/16/2026 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 03/16/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 03/16/2026 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 03/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 03/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,931.79 3,931.79 03/20/2026 Coupon 459058LR2 635,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 13,096.88 13,096.88
03/23/2026 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 982.15 982.15 03/23/2026 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 15,660.15 15,660.15 03/23/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 03/23/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 03/23/2026 Coupon 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 153.59 153.59 03/23/2026 Principal Paydown 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 8,792.64 8,792.64 03/25/2026 Coupon 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 320.58 320.58 03/25/2026 Principal Paydown 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 7,773.47 7,773.47 03/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,796.19 1,796.19 03/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 23,786.18 23,786.18 03/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 03/25/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 03/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 03/26/2026 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
03/31/2026 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 03/31/2026 Coupon 91282CFL0 2,200,000.00 UNITED STATES TREASURY 3.875 09/30/2029 42,625.00 42,625.00 03/31/2026 Coupon 91282CGS4 2,500,000.00 UNITED STATES TREASURY 3.625 03/31/2030 45,312.50 45,312.50 03/31/2026 Coupon 91282CGT2 1,000,000.00 UNITED STATES TREASURY 3.625 03/31/2028 18,125.00 18,125.00 03/31/2026 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 March 2026 Total 71,293.93 493,965.37 565,259.30
APRIL 2026
04/15/2026 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 04/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 04/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 04/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 04/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 04/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 600
CONFIDENTIAL | 35
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 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 04/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 04/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,196.11 2,196.11 04/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 35,932.62 35,932.62 04/15/2026 Coupon 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 435.01 435.01 04/15/2026 Principal Paydown 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 14,679.31 14,679.31 04/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 04/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 04/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 04/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 04/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,931.79 3,931.79 04/21/2026 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 908.16 908.16 04/21/2026 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 16,043.41 16,043.41 04/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 04/21/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 18,287.21 18,287.21 04/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 04/21/2026 Coupon 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 116.66 116.66 04/21/2026 Principal Paydown 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 8,875.13 8,875.13 04/27/2026 Coupon 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 285.15 285.15 04/27/2026 Principal Paydown 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 7,502.25 7,502.25 04/27/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,693.51 1,693.51 04/27/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 23,915.88 23,915.88 04/27/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 04/27/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 04/27/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 04/30/2026 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
04/30/2026 Coupon 91282CFT3 2,500,000.00 UNITED STATES TREASURY 4.0 10/31/2029 50,000.00 50,000.00 04/30/2026 Coupon 91282CKP5 2,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 46,250.00 46,250.00 04/30/2026 Coupon 91282CMZ1 2,700,000.00 UNITED STATES TREASURY 3.875 04/30/2030 52,312.50 52,312.50 April 2026 Total 125,235.82 245,869.11 371,104.92
MAY 2026
05/11/2026 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 601
CONFIDENTIAL | 36
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2026 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 05/15/2026 Final Maturity 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 350,000.00 350,000.00 05/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 05/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 05/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 05/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 05/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 11,480.60 11,480.60 05/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 05/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 05/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 2,040.40 2,040.40 05/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 32,060.85 32,060.85 05/15/2026 Coupon 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 373.73 373.73 05/15/2026 Principal Paydown 47800CAC0 279,328.65 JDOT 2023 A3 5.01 11/15/2027 14,599.52 14,599.52 05/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 05/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 05/15/2026 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 05/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 05/18/2026 Coupon 58933YBH7 1,250,000.00 MERCK & CO INC 4.05 05/17/2028 25,312.50 25,312.50 05/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 05/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,931.79 3,931.79 05/21/2026 Coupon 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 832.36 832.36 05/21/2026 Principal Paydown 438123AC5 330,000.00 HAROT 2023-4 A3 5.67 06/21/2028 15,441.39 15,441.39 05/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,329.61 2,329.61 05/21/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 37,522.75 37,522.75 05/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 05/21/2026 Coupon 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 79.39 79.39 05/21/2026 Principal Paydown 43815JAC7 116,900.53 HAROT 2023-1 A3 5.04 04/21/2027 8,556.61 8,556.61 05/25/2026 Coupon 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 250.95 250.95 05/25/2026 Principal Paydown 05592XAD2 142,959.30 BMWOT 2023-A A3 5.47 02/25/2028 6,557.81 6,557.81 05/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,590.27 1,590.27 05/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 22,955.65 22,955.65 05/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 602
CONFIDENTIAL | 37
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/25/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 05/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 May 2026 Total 499,175.18 113,194.45 612,369.63
Grand Total 341,483,147.69 21,156,585.37 3,152,679.50 24,309,264.87 603
CONFIDENTIAL | 38
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 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 high rating by S&P , Moody’s and Fitch respectively. 604
CONFIDENTIAL | 39
City of Orange | Account #10888 | As of June 30, 2025
Execution Time: 07/01/2025 06:54:57 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INVESTMENT REPORT
City of Orange | As of June 30, 2025
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. 606

TABLE OF CONTENTS

ECONOMIC UPDATE

ACCOUNT PROFILE

CONSOLIDATED INFORMATION

PORTFOLIO HOLDINGS

TRANSACTIONS
1 607

ECONOMIC UPDATE
2 608
▪
▪
▪
Recent economic data suggest slower growth in 2025 and greater market uncertainty as the effects of fiscal policy unfold. Inflationary trends have subsided, but some components remain sticky, and core levels remain above the Fed’s target. The labor market reflects improved balance between supply and demand for workers. While job creation has been robust, continuing jobless claims remain elevated.

Given the economic outlook, we expect gradual normalization of monetary policy and a steepening yield curve.

As broadly anticipated, the Federal Open Market Committee (FOMC) left the Federal Funds Rate unchanged at the range of 4.25 - 4.50% at the June meeting. Fed Chair Powell continued to emphasize the Committee’s “waitand see” approach amidst economic uncertainty that remains elevated but diminished. Federal Reserve officials continued to pencil in two rate cuts in 2025.

US Treasury yields declined in June. The 2-year Treasury yield fell 18 basis points to 3.72%, the 5-year Treasury dropped 17 basis points to

3.80%, and the 10-year Treasury yield also declined 17 basis points to 4.23%. The spread between the 2-year and 10-year Treasury yield points on the curve edged up to +51 basis points at June month-end versus +50 basis points at May month-end. The spread between the 2- year Treasury and 10-year Treasury yield one year ago was -36 basis points. The spread between the 3-month and 10-year Treasury yield points on the curve was -7 basis points in June, versus -6 basis points in May.

ECONOMIC UPDATE
3 609
-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 147,000 jobs in June, exceeding consensus expectations, and the last two months were revised up by 16,000.

Gains were primarily driven by state and local government education, while job growth in service sectors languished. The three-month moving average and six-month moving average payrolls totaled 150,000 and 130,000 respectively. The unemployment rate declined to

4.1% in June from 4.2% in May, due to a shrinking labor force. The labor participation rate dipped to 62.3%, 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 dropped to 7.7% in June. Average hourly earnings fell slightly, marking a 3.7% year-over-year increase.

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

EMPLOYMENT
4 610
0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In Thousands (000's)
The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) unexpectedly roseto 7.77 million new job openings in May from

7.40 million in April. Layoffs declined and the quits rate increased. Job openings indicate a ratio of approximately 1.1 jobs for each unemployed individual, representing a relatively balanced labor market.

Source: US Department of Labor

JOB OPENINGS & LABOR TURNOVER SURVEY
5 611

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

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

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
Fed Target
YOY (%) Change
In May, the Consumer Price Index (CPI) cooled slightly more than consensus expectations. The headline CPI increased 0.1% month-over- month and rose 2.4% year-over-year, while the Core CPI rose 0.1% month-over-month and 2.8% year-over-year. The Personal Consumption Expenditures (PCE) price index increased 0.1% month-over-month and rose 2.3% year-over-year in May. The Core PCE deflator, which excludes food and energy and is the Fed’s preferred gauge, increased 0.2% month-over-month and 2.7% year-over-year, up from April’s

2.6% year-over-year increase. Inflation is hovering above the Fed’s 2% target.

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

INFLATION
6 612
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
Advance Retail Sales were down 0.9% month-over-monthin May, further slowing from a downwardly revised -0.1%in April. Declines were led by auto sales, building materials, garden equipment and supplies, and spending at restaurants and bars fell by the most since early 2023. Control group sales, which feed into GDP, were the only bright spot in the report, with a 0.4% increase. On a year-over-year basis, Retail Sales grew 3.3% in May following a 5.0% increase in April. The Conference Board’s Consumer Confidence Index droppedto 93.0 in June from 98.4 in May, as consumers’ assessment of both the current situation and future expectations for income and labor markets soured. While the consumer has been resilient, elevated inflation expectations, concerns about trade policies and tariffs, and general economic and policy uncertainty could pose potential risks to future spending. 0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09)

CONSUMER
7 613
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

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

0.00 0.25

0.50 0.75

1.00 Chicago Fed National Activity Index (CFNAI)
Recession
3 Month Average
The Conference Board’s Leading Economic Index (LEI) fell by 0.1% in May, following a downwardly revised 1.4% decline in April. The LEI decreased by 4.0% year-over-year. The rebound in the stock market was the primary positive contributor, offset by consumer pessimism, weak new orders in manufacturing, the second consecutive month of rising initial unemployment claims, and a drop in housing permits.

The Chicago Fed National Activity Index (CFNAI) improved to -0.28 in May from a downwardly revised -0.36 in April. The three-month moving average dropped to -0.16 in May from 0.06 in April, indicating slightly below trend growth.

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

LEADING INDICATORS OF ECONOMIC ACTIVITY
8 614
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 declined 9.8% month-over-month in May to a seasonally adjusted annual rate of 1.256 million units. Single family starts increased 0.4% above the revised April figures, whereas multi-family starts fell -30.4%. Total starts dropped 4.6% compared to May 2024.

Homebuilder confidence is shaky due to elevated mortgage rates, affordability constraints, and a weakening economic outlook. The Freddie Mac 30-year fixed rate mortgage averaged approximately 6.8% in June. According to the Case-Shiller 20-City Home Price Index, housing prices rose 3.4% year-over-year in April, compared to 4.1% in March. Limited inventory, elevated mortgage rates, and lack of affordability continue to weigh on the housing market.

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

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change

HOUSING
9 615
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 up to 49.0 in June from 48.5 in May, indicating a continuation of modest contraction in the sector. Inventories and production improved as companies worked through backlogs, while employment and new orders contracted. The ISM Services index increased to 50.8 in June from 49.9 in May, as new orders improved. However, ongoing concerns about the impact of tariffs remain. A reading over 50 indicates expansion, while a reading under 50 indicates contraction.

Source: Institute for Supply Management

SURVEY BASED MEASURES
10 616
Components of GDP 6/24 9/24 12/24 3/25

1.9% 2.5% 2.7% 0.3%

1.5% 0.2% -1.0% 3.9%
-0.9% -0.4% 0.3% -4.6%

0.3% 0.6% 0.3% -0.3%

0.3% 0.3% 0.3% 0.2%

3.0% 3.1% 2.5% -0.5%
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 Real GDP decreased at an annualized rate of 0.5% in the first quarter of 2025, according to the third and final estimate from the Bureauof Economic Analysis, a downward revision from the previously estimated 0.2% decline. This marks the first negative quarter since 2022.

The primary driver of the downward revision was weaker personal consumption expenditures. Net exports remained the primary drag on growth, as imports rose sharply in anticipation of higher tariffs. Gross investment contributed positively, powered by business decisions to get ahead of possible cost increases. The consensus projection calls for 2.1% growth for the second quarter and 1.5% for the full year 2025.

GROSS DOMESTIC PRODUCT (GDP)
11 617
Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In $ millions
As broadly anticipated, the Federal Open Market Committee (FOMC) left the Federal Funds Rate unchanged at the range of 4.25 - 4.50% at the June meeting. In the Summaryof Economic Projections (SEP), Federal Reserve officials continued to pencil in two rate cuts in 2025, while downgrading estimates for economic growth and raising forecasts for both unemployment and inflation this year. The statement indicated that uncertainty about the economic outlook remained elevatedbut had diminished. The monthly redemption capon Treasuries will remain at $5 billion, while the cap on agencies and mortgage-backed securities will be maintained at $35 billion. Since the Fed began its Quantitative Tightening campaign in June 2022, securities holdings have declined by about $2.2 trillion to approximately $6.7 trillion.

FEDERAL RESERVE

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)
12 618
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-25
Mar-25
Jun-24
Yield (%)
At the end of June, the 2-year Treasury yield was 103 basis points lower, and the 10-Year Treasury yield was 17 basis points lower, year- over-year. The spread between the 2-year and 10-year Treasury yield pointson the curve edged up to +51 basis points at June month-end versus +50 basis points at May month-end. The recent yield curve inversion which began in July 2022 was historically long. The average historical spread (since 2005) is about +99 basis points. The spread between the 3-month and 10-year Treasury yield points on the curve was -7 basis points in June, versus -6 basis points in May.

BOND YIELDS
13 619

ACCOUNT PROFILE
14 620

OBJECTIVES
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. 15 621

STATEMENT OF COMPLIANCE
City of Orange Cons | Account #10897 | As of June 30, 2025 Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (BV; ABS, CMO & MBS) 20.0 8.1 Compliant
Max Maturity (Years) 5.0 4.6 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (BV) 20.0 6.7 Compliant
Max % Issuer (BV) 5.0 0.6 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

COMMERCIAL PAPER
Max % (BV) 40.0 1.2 Compliant
Max % Issuer (BV) 5.0 1.2 Compliant
Max Maturity (Days) 270 232 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (BV) 30.0 17.8 Compliant
Max % Issuer (BV) 5.0 3.0 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FEDERAL AGENCIES
Max % (BV) 75.0 12.6 Compliant
Max % Issuer (BV) 30.0 5.4 Compliant
Max Callables (BV) 20.0 7.8 Compliant
Max Maturity (Years) 5 3 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (BV) 75.0 45.3 Compliant

LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (BV) 100.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
16 622

STATEMENT OF COMPLIANCE
City of Orange Cons | Account #10897 | As of June 30, 2025 Rules Name Limit Actual Compliance
Status Notes
Max % (BV) 20.0 0.2 Compliant
Max % Issuer (BV) 20.0 0.2 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE -BACKED SECURITIES (NON-AGENCY)
Max % (BV) 20.0 0.0 Compliant
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (BV) 20.0 0.0 Compliant
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (BV) 20.0 0.0 Compliant
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (BV) 30.0 1.5 Compliant
Max % Issuer (BV) 10.0 1.5 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (BV) 100.0 21.5 Compliant
Max Maturity (Years) 5 4 Compliant
17 623

PORTFOLIO CHARACTERISTICS
City of Orange | Account #10888 | As of June 30, 2025
Benchmark* 6/30/2025
Portfolio
3/31/2025
Portfolio
Average Maturity (yrs) 2.65 2.91 2.67
Average Modified Duration 2.48 2.47 2.24
Average Purchase Yield 3.57% 3.38%
Average Market Yield 3.78% 4.06% 4.23%
Average Quality** AA+ AA+ AA+
Total Market Value 106,597,904 105,095,891
*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. 18 624

SECTOR DISTRIBUTION
City of Orange | Account #10888 | As of June 30, 2025
Sector as a Percentage of Market Value
Sector 06/30/2025 03/31/2025
US Treasury 34.27% 25.00%
Corporate 28.32% 29.46%
Agency 19.86% 31.88%
ABS 10.64% 9.11%
Supras 2.48% 4.15%
Agency CMBS 2.31% --
Comm Paper 1.84% --
Money Mkt Fd 0.28% 0.40%
19 625

ISSUERS
City of Orange | Account #10888 | As of June 30, 2025
Issuer Investment Type % Portfolio
Government of The United States US Treasury 34.27%
Federal Home Loan Banks Agency 8.38%
Federal Home Loan Mortgage Corp Agency 7.52%
Toyota Motor Corporation Corporate 4.68%
Farm Credit System Agency 3.96%
Apple Inc. Corporate 2.78%
International Bank for Recon and Dev Supras 2.48%
FHLMC Agency CMBS 2.31%
PepsiCo, Inc. Corporate 1.95%
Mitsubishi UFJ Financial Group, Inc. Comm Paper 1.84%
Honda Auto Receivables Owner Trust ABS 1.78%
American Express Credit Master Trust ABS 1.34%
State Street Corporation Corporate 1.23%
John Deere Owner Trust ABS 1.23%
Guardian Life Global Funding Corporate 1.22%
BMW Vehicle Owner Trust ABS 1.22%
Cisco Systems, Inc. Corporate 1.21%
The Home Depot, Inc. Corporate 1.21%
Chubb Limited Corporate 1.20%
Merck & Co., Inc. Corporate 1.19%
Bank of America Corporation Corporate 1.17%
Massachusetts Mutual Life Insurance Corporate 1.16%
PACCAR Inc Corporate 1.15%
Chase Issuance Trust ABS 1.01%
Royal Bank of Canada Corporate 0.96%
Bank of Montreal Corporate 0.95%
UnitedHealth Group Incorporated Corporate 0.94%
GM Financial Securitized Term ABS 0.94%
Caterpillar Inc. Corporate 0.93%
Hyundai Auto Receivables Trust ABS 0.87%
20 626

ISSUERS
City of Orange | Account #10888 | As of June 30, 2025
Issuer Investment Type % Portfolio
New York Life Insurance Company Corporate 0.79%
Metropolitan Life Global Funding I Corporate 0.79%
Morgan Stanley Corporate 0.73%
Eli Lilly and Company Corporate 0.67%
WF Card Issuance Trust ABS 0.53%
Mercedes-Benz Auto Lease Trust ABS 0.51%
Bank of America Credit Card Trust ABS 0.48%
Deere & Company Corporate 0.48%
National Rural Utilities Cooperative Corporate 0.47%
Union Pacific Corporation Corporate 0.44%
GM Financial Automobile Leasing Trus ABS 0.41%
Hyundai Auto Lease Securitization Tr ABS 0.31%
First American Govt Oblig fund Money Mkt Fd 0.28%
Cash Cash 0.00%
TOTAL 100.00%
21 627

QUALITY DISTRIBUTION
Rating 06/30/2025 03/31/2025
AAA 11.1% 11.3%
AA 64.4% 64.6%
A 22.3% 21.7%
NA 2.2% 2.4%
Rating 06/30/2025 03/31/2025
AAA 9.86% 69.48%
AA 63.48% 6.09%
A 20.40% 19.83%
NA 6.25% 4.60%
Rating 06/30/2025 03/31/2025
AAA 11.86% 8.17%
AA 60.43% 64.18%
A 11.11% 11.17%
NA 16.61% 16.49%
City of Orange | Account #10888 | As of June 30, 2025
S&P Rating Moody’s Rating Fitch Rating
22 628
0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
Portfolio 1.0% 12.7% 6.3% 18.2% 12.9% 37.1% 11.8% 0.0% 0.0% ICE BofA 1-5 Year Unsubordinated US Treasury &
Agency Index 0.0% 0.1% 2.6% 34.9% 27.8% 23.4% 11.1% 0.0% 0.0%

DURATION DISTRIBUTION
City of Orange | Account #10888 | As of June 30, 2025
Portfolio Compared to the Benchmark
23 629
3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception

TOTAL RATE OF RETURN
City of Orange 1.45% 6.10% 5.48% 3.66% 1.75%
Benchmark 1.36% 6.06% 5.11% 3.24% 1.59%
*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.

INVESTMENT PERFORMANCE
City of Orange | Account #10888 | As of June 30, 2025
Total Rate of Return : Inception | 01/01/2022
24 630

HISTORICAL AVERAGE PURCHASE YIELD
City of Orange | Account #10888 | As of June 30, 2025
Purchase Yield as of 06/30/25 = 3.57%
25 631

CONSOLIDATED INFORMATION
26 632

PORTFOLIO CHARACTERISTICS
City of Orange Cons | Account #10897 | As of June 30, 2025 6/30/2025
Portfolio
3/31/2025
Portfolio
Average Maturity (yrs) 1.84 1.83
Average Modified Duration 1.56 1.54
Average Purchase Yield 3.42% 3.33%
Average Market Yield 3.71% 3.89%
Average Quality** AA+ AA+
Total Market Value 168,667,699 153,160,709
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 27 633

PORTFOLIO HOLDINGS
28 634

HOLDINGS REPORT
City of Orange | Account #10888 | As of June 30, 2025
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
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027 116,900.53 02/16/2023

5.09%
116,878.81
116,891.10
100.24

4.53%
117,182.99
163.66

0.11%
291.89
Aaa/NA
AAA

1.81 0.43
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 279,328.65 02/22/2023

3.39%
279,277.75
279,302.98
100.30

4.60%
280,171.07
621.97

0.26%
868.10
Aaa/NA
AAA

2.38 0.65
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 430,000.00 02/05/2025

4.66%
429,949.26
429,955.65
100.67

4.25%
432,866.55
612.27

0.41%
2,910.90
NA/AAA
AAA

2.65 1.45
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 142,959.30 07/11/2023

5.47%
142,933.96
142,944.71
100.59

4.49%
143,808.86
130.33

0.14%
864.15
NA/AAA
AAA

2.66 0.57
44935DAD1 HALST 2025-B A3 4.53 04/17/2028 330,000.00 04/24/2025

4.53%
329,970.20
329,971.91
100.69

4.19%
332,269.64
664.40

0.31%
2,297.74
NA/AAA
AAA

2.80 1.78
02582JJZ4 AMXCA 2023-1 A 4.87 05/15/2026 350,000.00 06/07/2023

4.92%
349,968.96
349,988.04
100.52

4.30%
351,806.32
757.56

0.33%
1,818.27
NA/AAA
AAA

0.87 0.84
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 985,000.00 --

4.80%
985,558.36
985,533.75
100.64

4.23%
991,290.51
1,378.45

0.94%
5,756.76
NA/AAA
AAA

2.90 1.62
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 330,000.00 11/01/2023

5.74%
329,941.89
329,962.59
101.07

4.39%
333,519.45
519.75

0.32%
3,556.86
Aaa/NA
AAA

2.98 0.78
02582JKD1 AMXCA 2023-3 A 5.23 09/15/2026 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,980.95
101.13

4.30%
1,066,951.04
2,452.29

1.01%
11,970.09
NA/AAA
AAA

1.21 1.14
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.23%
1,059,706.17
1,059,811.51
101.16

4.21%
1,072,250.31
2,430.93

1.01%
12,438.80
NA/AAA
AAA

3.21 1.14
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 450,000.00 06/04/2024

5.18%
449,931.65
449,946.94
101.26

4.11%
455,673.60
388.50

0.43%
5,726.66
Aaa/AAA
NA

3.66 1.12
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 510,000.00 06/11/2024

5.81%
509,900.30
509,922.07
101.58

4.24%
518,054.89
1,178.67

0.49%
8,132.82
Aaa/NA
AAA

3.71 1.54
44934QAD3 HART 2024-B A3 4.84 03/15/2029 285,000.00 07/16/2024

5.45%
284,956.99
284,965.67
101.02

4.17%
287,904.72
613.07

0.27%
2,939.05
NA/AAA
AAA

3.71 1.40
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 630,000.00 08/09/2024

4.66%
629,901.03
629,919.61
100.54

4.21%
633,428.90
799.75

0.60%
3,509.30
Aaa/NA
AAA

3.72 1.35
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 530,000.00 05/14/2025

4.66%
529,935.39
529,937.25
101.14

4.13%
536,018.73
1,085.91

0.51%
6,081.49
NA/AAA
AAA

3.79 2.15
05522RDJ4 BACCT 2024-1 A 4.93 05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,977.79
101.48

4.14%
512,480.62
1,106.51

0.48%
7,502.83
Aaa/AAA
NA

3.87 1.75
29 635

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 500,000.00 03/04/2025

5.09%
499,968.55
499,970.68
100.25

4.16%
501,234.80
940.00

0.47%
1,264.12
Aaa/NA
AAA

4.22 2.18
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029 795,000.00 02/04/2025

4.57%
794,975.51
794,977.55
100.97

4.09%
802,683.12
1,009.21

0.76%
7,705.57
NA/AAA
AAA

4.23 1.82
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 680,000.00 02/04/2025

4.56%
679,933.02
679,938.54
100.86

4.09%
685,822.57
516.80

0.65%
5,884.03
Aaa/AAA
NA

4.24 1.65
44935CAD3 HART 2025-A A3 4.32 10/15/2029 635,000.00 03/04/2025

4.84%
634,906.34
634,912.54
100.39

4.16%
637,452.75
1,219.20

0.60%
2,540.22
NA/AAA
AAA

4.29 1.98
92970QAE5 WFCIT 2024-2 A 4.29 10/15/2029 560,000.00 10/17/2024

4.29%
559,916.78
559,928.23
100.47

4.11%
562,632.56
1,067.73

0.53%
2,704.33
Aaa/AAA
NA

4.29 2.14
11,158,435.44 100.86 11,255,504.00 10.64% 3.27
Total ABS 11,159,188.48 4.91% 11,158,740.05 4.21% 19,656.96 96,763.94 1.50 AGENCY
3134GW3Z7 FEDERAL HOME LOAN MORTGAGE
CORP 0.6 10/28/2025 8,050,000.00 10/28/2020

0.60%
8,050,000.00
8,050,000.00

98.78 4.39%
7,952,058.31
8,452.50

7.52%
(97,941.69)
Aa1/AA+
AA+

0.33 0.32
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

96.68 4.08%
4,833,892.35
19,000.00

4.57%
(166,107.65)
Aa1/AA+
AA+

1.08 1.05
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
2,022,579.85
101.10

3.85%
2,021,974.64
25,763.89

1.91%
(605.21)
Aa1/AA+
AA+

2.21 2.06
3130AEB25 FEDERAL HOME LOAN BANKS 3.25
06/09/2028 2,000,000.00 07/24/2023

4.15%
1,921,180.00
1,952,469.02

98.86 3.66%
1,977,290.70
3,972.22

1.87%
24,821.68
Aa1/AA+
AA+

2.94 2.77
3130AXQK7 FEDERAL HOME LOAN BANKS 4.75
12/08/2028 2,000,000.00 01/29/2024

4.05%
2,060,660.00
2,042,947.55
102.89

3.84%
2,057,787.90
6,069.44

1.95%
14,840.35
Aa1/AA+
AA+

3.44 3.15
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
2,103,266.12
102.95

3.91%
2,162,039.78
16,902.08

2.04%
58,773.65
Aa1/AA+
AA+

3.83 3.46
21,191,823.00 99.36 21,005,043.67 19.86% 1.59
Total Agency 21,150,000.00 2.07% 21,171,262.54 4.10% 80,160.14 (166,218.87) 1.49

AGENCY CMBS
3137FPJG1 FHMS K-099 A2 2.595 09/25/2029 1,140,000.00 06/11/2025

4.29%
1,066,122.66
1,066,843.18

94.30 4.09%
1,075,065.71
2,465.25

1.02%
8,222.53
Aa1/AA+
AAA

4.24 3.84
30 636

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137FRUT6 FHMS K-106 A2 2.069 01/25/2030 1,500,000.00 06/12/2025

4.23%
1,365,820.31
1,366,952.63

91.55 4.12%
1,373,263.35
2,586.25

1.30%
6,310.72
Aa1/AA+
AAA

4.57 4.24
Total Agency CMBS 2,640,000.00 4.26%
2,431,942.97
2,433,795.81

92.76 4.10%
2,448,329.06
5,051.50

2.31%
14,533.26

4.43 4.06
CASH
CCYUSD Receivable 1,731.14 -- 1,731.14
1,731.14

1.00 0.00%
1,731.14

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 1,731.14
1,731.14
1,731.14

1.00 0.00%
1,731.14

0.00 0.00%

0.00 0.00

0.00 COMMERCIAL
PAPER
62479MBH5 MUFG Bank, Ltd., New York
Branch 02/17/2026 2,000,000.00 05/23/2025

4.41%
1,936,898.89
1,945,201.67

97.29 4.34%
1,945,840.00

0.00 1.84%
638.33
P-1/A-1
NA

0.64 0.62
Total Commercial
Paper 2,000,000.00 4.41%
1,936,898.89
1,945,201.67

97.29 4.34%
1,945,840.00

0.00 1.84%
638.33

0.64 0.62

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

0.70%
5,025,000.00
5,001,492.75

98.96 4.39%
4,948,245.05
8,333.33

4.68%
(53,247.70)
A1/A+
A+

0.30 0.29
63743HFF4

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

5.50%
494,336.70
494,926.70
100.30

4.50%
496,470.56
4,571.19

0.47%
1,543.85
A2/A-
A

0.33 0.33
037833EB2 APPLE INC 0.7 02/08/2026 3,000,000.00 02/08/2021

0.70%
2,999,730.00
2,999,967.17

97.88 4.30%
2,936,348.79
8,341.67

2.78%
(63,618.38)
Aaa/AA+
NA

0.61 0.59
713448FQ6 PEPSICO INC 4.55 02/13/2026 195,000.00 02/13/2023

4.57%
194,886.90
194,976.53
100.07

4.43%
195,137.04
3,401.13

0.18%
160.51
A1/A+
NA

0.62 0.51
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026 470,000.00 02/13/2023

4.77%
469,689.80
469,933.49
100.14

4.51%
470,664.38
8,061.81

0.44%
730.89
A3/A-
A-

0.65 0.53
61747YET8 MORGAN STANLEY 4.679
07/17/2026 775,000.00 12/28/2022

5.76%
764,390.25
774,817.36

99.98 6.05%
774,880.10
16,519.47

0.73%

62.74 A1/A-
A+

1.05 0.04
31 637

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,858.02
101.20

4.10%
511,065.81
8,163.47

0.48%
6,207.79
A1/A
A+

1.19 1.13
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,953.47
101.26

4.16%
384,787.73
2,758.96

0.36%
4,834.26
A1/A+
NA

1.36 1.22
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027 1,000,000.00 03/30/2023

4.91%
991,550.00
995,821.71
100.91

4.26%
1,009,099.76
13,969.44

0.95%
13,278.05
A2/A-
AA-

2.21 1.97
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
998,936.36
101.82

4.13%
1,018,232.04
23,002.78

0.96%
19,295.68
A1/A
AA-

2.54 2.31
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,223,405.34

99.13 5.07%
1,239,106.05
21,377.22

1.17%
15,700.71
A1/A-
AA-

2.56 1.46
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,468,024.66

99.14 3.95%
1,487,095.97
19,950.00

1.41%
19,071.30
A1/A+
NA

2.64 2.45
857477CU5 STATE STREET CORP 4.536
02/28/2028 1,285,000.00 02/25/2025

4.51%
1,285,000.00
1,285,000.00
101.14

4.08%
1,299,635.96
19,914.93

1.23%
14,635.96
Aa3/A
AA-

2.67 2.38
58933YBH7 MERCK & CO INC 4.05 05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,259,262.15
100.46

3.88%
1,255,745.20
6,187.50

1.19%
(3,516.95)
Aa3/A+
NA

2.88 2.61
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
974,900.07

99.82 4.30%
998,225.19
19,597.22

0.94%
23,325.12
A2/A+
A

3.54 3.19
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,196,065.56
101.37

4.18%
1,216,410.37
23,153.33

1.15%
20,344.81
A1/A+
NA

3.59 3.22
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,473.09
102.48

4.11%
1,280,968.20
21,050.35

1.21%
30,495.11
A1/AA-
NA

3.66 3.21
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,246,797.48
102.07

4.18%
1,275,915.78
989.58

1.21%
29,118.29
A2/A
A

3.99 3.53
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
703,727.47
100.35

4.10%
707,502.33
11,268.25

0.67%
3,774.86
Aa3/A+
NA

4.12 3.62
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,275,867.22
101.70

4.19%
1,271,304.46
21,958.33

1.20%
(4,562.76)
A2/A
A

4.13 3.59
40139LBJ1 GUARDIAN LIFE GLOBAL FUNDING

4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,275,723.43

99.55 4.29%
1,294,179.81
14,336.29

1.22%
18,456.38
Aa1/AA+
NA

4.24 3.80
64952WFK4 NEW YORK LIFE GLOBAL FUNDING

4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,580.79
101.11

4.32%
839,253.74
2,757.44

0.79%
9,672.95
Aa1/AA+
AAA

4.43 3.96
14913UAX8 CATERPILLAR FINANCIAL SERVICES
CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,323.75
102.40

4.21%
983,058.42
22,144.00

0.93%
24,734.67
A2/A
A+

4.53 3.95
32 638

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,470.84
102.02

4.40%
836,530.63
19,197.11

0.79%
18,059.80
Aa3/AA-
AA-

4.53 3.94
57629TBV8 MASSMUTUAL GLOBAL FUNDING
II 4.95 01/10/2030 1,200,000.00 --

4.90%
1,202,338.00
1,202,352.88
102.11

4.43%
1,225,309.74
28,215.00

1.16%
22,956.86
Aa3/AA+
AA+

4.53 3.94
Total Corporate 29,870,000.00 3.69%
29,751,138.95
29,783,658.30
100.31

4.32%
29,955,173.11
349,219.80

28.32%
171,514.81

2.46 2.14

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 291,001.23 --

3.96%
291,001.23
291,001.23

1.00 3.96%
291,001.23

0.00 0.28%

0.00 Aaa/AAAm
AAA

0.00 0.00
Total Money Market
Fund 291,001.23 3.96%
291,001.23
291,001.23

1.00 3.96%
291,001.23

0.00 0.28%

0.00 0.00

0.00 SUPRANATIONAL
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
1,962,375.43

99.26 3.76%
1,985,110.48
32,861.11

1.88%
22,735.05
Aaa/AAA
NA

3.03 2.80
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
635,000.00 03/14/2025

4.20%
632,733.05
632,860.92
101.23

3.84%
642,779.35
7,348.80

0.61%
9,918.42
Aaa/AAA
NA

4.72 4.21
Total Supranational 2,635,000.00 4.20%
2,571,113.05
2,595,236.36

99.74 3.78%
2,627,889.83
40,209.91

2.48%
32,653.47

3.45 3.15

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

1.01%
2,980,546.88
2,995,142.05

96.33 3.92%
2,889,843.75
6,598.36

2.73%
(105,298.30)
Aa1/AA+
AA+

1.25 1.22
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 1,000,000.00 --

3.68%
998,446.60
998,648.65

99.83 3.69%
998,281.25
9,112.02

0.94%
(367.40)
Aa1/AA+
AA+

2.75 2.57
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 2,000,000.00 12/28/2023

3.86%
1,935,078.13
1,955,104.51

98.13 3.72%
1,962,656.24
7,982.34

1.86%
7,551.73
Aa1/AA+
AA+

3.38 3.15
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,200,000.00 03/27/2024

4.18%
2,206,617.19
2,204,924.25
101.76

3.73%
2,238,757.82
31,251.36

2.12%
33,833.57
Aa1/AA+
AA+

3.67 3.33
33 639

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,169,905.44
101.35

3.73%
2,229,734.36
22,811.48

2.11%
59,828.93
Aa1/AA+
AA+

3.75 3.42
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,000,000.00 --

4.13%
2,042,382.82
2,034,514.06
103.13

3.74%
2,062,500.00
15,584.24

1.95%
27,985.94
Aa1/AA+
AA+

3.83 3.47
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,219,396.65
102.73

3.74%
2,259,984.36
8,385.25

2.14%
40,587.72
Aa1/AA+
AA+

3.92 3.56
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 09/26/2024

3.56%
2,038,515.62
2,032,481.22
100.93

3.75%
2,018,671.88
33,370.17

1.91%
(13,809.34)
Aa1/AA+
AA+

4.08 3.68
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,926,837.29

97.59 3.76%
1,951,718.76
20,889.95

1.85%
24,881.47
Aa1/AA+
AA+

4.17 3.82
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.10%
2,177,828.13
2,180,829.67
100.46

3.76%
2,210,140.64
21,428.96

2.09%
29,310.97
Aa1/AA+
AA+

4.25 3.85
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 2,500,000.00 04/29/2025

3.77%
2,523,535.16
2,522,648.12
100.95

3.76%
2,523,828.13
16,847.83

2.39%
1,180.00
Aa1/AA+
AA+

4.34 3.92
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,369,520.50
101.47

3.76%
2,435,251.20
8,385.25

2.30%
65,730.70
Aa1/AA+
AA+

4.42 4.00
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 2,500,000.00 04/29/2025

3.78%
2,550,488.28
2,548,686.17
101.97

3.78%
2,549,316.40
44,319.75

2.41%
630.23
Aa1/AA+
AA+

4.59 4.07
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00 --

4.02%
2,697,195.31
2,697,332.75
100.97

3.77%
2,726,261.71
36,097.83

2.58%
28,928.96
Aa1/AA+
AA+

4.67 4.17
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 2,500,000.00 04/29/2025

3.80%
2,480,664.06
2,481,331.56

99.29 3.79%
2,482,128.90
22,780.05

2.35%
797.34
Aa1/AA+
AA+

4.75 4.28
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 2,700,000.00 05/29/2025

4.03%
2,681,542.97
2,681,871.83
100.39

3.78%
2,710,546.88
17,627.04

2.56%
28,675.05
Aa1/AA+
AA+

4.83 4.34
Total US Treasury 36,100,000.00 3.79%
35,979,794.28
36,019,174.69
100.45

3.77%
36,249,622.27
323,471.85

34.27%
230,447.58

3.95 3.58
Total Portfolio 105,846,920.85 3.57%
105,313,878.94
105,399,801.80

99.71 4.06%
105,780,134.31
817,770.17
100.00%
380,332.52

2.91 2.47
Total Market Value +
Accrued 106,597,904.48
34 640

HOLDINGS REPORT
City of Orange LAIF Balances | Account #10895 | As of June 30, 2025 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 446,870.60 -- 446,870.60
446,870.60

1.00 0.00%
446,870.60

0.00 0.98%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 446,870.60
446,870.60
446,870.60

1.00 0.00%
446,870.60

0.00 0.98%

0.00 0.00

0.00 LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 45,340,100.19 --

4.27%
45,340,100.19
45,340,100.19

1.00 4.27%
45,340,100.19

0.00 99.02%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 45,340,100.19 4.27%
45,340,100.19
45,340,100.19

1.00 4.27%
45,340,100.19

0.00 99.02%

0.00 0.00

0.00 Total Portfolio 45,786,970.79 4.27%
45,786,970.79
45,786,970.79

1.00 4.23%
45,786,970.79

0.00 100.00%

0.00 0.00

0.00 Total Market Value +
Accrued 45,786,970.79
35 641

HOLDINGS REPORT
City of Orange Bank Balances | Account #10896 | As of June 30, 2025 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$14 Wells Fargo 561,125.59 -- 561,125.59
561,125.59

1.00 0.00%
561,125.59

0.00 3.45%

0.00 NA/NA
NA

0.00 0.00
999WEL$15 Wells Fargo 15,547,811.21 --

0.00%
15,547,811.21
15,547,811.21

1.00 0.00%
15,547,811.21

0.00 95.49%

0.00 NA/NA
NA

0.00 0.00
999WEL$12 Wells Fargo General 173,887.00 03/31/2025

0.00%
173,887.00
173,887.00

1.00 0.00%
173,887.00

0.00 1.07%

0.00 NA/NA
NA

0.00 0.00
Total Cash 16,282,823.80 0.00%
16,282,823.80
16,282,823.80

1.00 0.00%
16,282,823.80

0.00 100.00%

0.00 0.00

0.00 Total Portfolio 16,282,823.80 0.00%
16,282,823.80
16,282,823.80

1.00 0.00%
16,282,823.80

0.00 100.00%

0.00 0.00

0.00 Total Market Value +
Accrued 16,282,823.80
36 642

TRANSACTIONS
37 643

ACQUISITIONS
Purchase 04/30/2025 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 99.991 4.53% (329,970.20) 0.00 (329,970.20) 0.00 Purchase 04/30/2025 91282CFT3 2,500,000.00 UNITED STATES TREASURY

4.0 10/31/2029 100.941 3.77% (2,523,535.16) 0.00 (2,523,535.16) 0.00 Purchase 04/30/2025 91282CGS4 2,500,000.00 UNITED STATES TREASURY

3.625 03/31/2030 99.227 3.80% (2,480,664.06) (7,428.28) (2,488,092.34) 0.00 Purchase 04/30/2025 91282CMG3 2,500,000.00 UNITED STATES TREASURY

4.25 01/31/2030 102.020 3.78% (2,550,488.28) (26,122.24) (2,576,610.52) 0.00 Purchase 05/21/2025 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 99.988 4.66% (529,935.39) 0.00 (529,935.39) 0.00 Purchase 05/27/2025 62479MBH5 2,000,000.00 MUFG Bank, Ltd. - New York Branch 02/17/2026 96.845 4.41% (1,936,898.89) 0.00 (1,936,898.89) 0.00 Purchase 05/29/2025 362962AD4 485,000.00 GMALT 2025-2 A3 4.58 05/20/2028 99.998 4.84% (484,991.95) 0.00 (484,991.95) 0.00 Purchase 05/29/2025 362962AD4 500,000.00 GMALT 2025-2 A3 4.58 05/20/2028 100.113 4.77% (500,566.41) 0.00 (500,566.41) 0.00 Purchase 05/30/2025 91282CGQ8 500,000.00 UNITED STATES TREASURY

4.0 02/28/2030 99.938 4.01% (499,687.50) (4,945.65) (504,633.15) 0.00 Purchase 05/30/2025 91282CMZ1 2,700,000.00 UNITED STATES TREASURY

3.875 04/30/2030 99.316 4.03% (2,681,542.97) (8,529.21) (2,690,072.18) 0.00 Purchase 06/13/2025 57629TBV8 200,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 101.409 4.60% (202,818.00) (4,207.50) (207,025.50) 0.00 Purchase 06/16/2025 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 93.520 4.29% (1,066,122.66) (1,232.63) (1,067,355.29) 0.00 Purchase 06/17/2025 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 91.055 4.23% (1,365,820.31) (1,379.33) (1,367,199.64) 0.00 Total Purchase 17,385,000.00 (17,153,041.78) (53,844.84) (17,206,886.62) 0.00 TOTAL
ACQUISITIONS 17,385,000.00 (17,153,041.78) (53,844.84) (17,206,886.62) 0.00

DISPOSITIONS
Call Redemption 04/22/2025 46647PBK1 (1,250,000.00) JPMORGAN CHASE & CO

2.083 04/22/2026 100.000 4.69% 1,250,000.00 0.00 1,250,000.00 0.00 38 644

TRANSACTION LEDGER
City of Orange | Account #10888|04/01/2025 Through 06/30/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Total Call
Redemption (1,250,000.00) 1,250,000.00 0.00 1,250,000.00 0.00 Maturity 04/28/2025 3130ANA42 (4,000,000.00) FEDERAL HOME LOAN BANKS 0.65 04/28/2025 100.000 0.65% 4,000,000.00 0.00 4,000,000.00 0.00 Maturity 04/29/2025 3130AMBG6 (2,400,000.00) FEDERAL HOME LOAN BANKS 0.75 04/29/2025 100.000 0.75% 2,400,000.00 0.00 2,400,000.00 0.00 Total Maturity (6,400,000.00) 6,400,000.00 0.00 6,400,000.00 0.00 Sale 05/27/2025 3133EPCF0 (400,000.00)

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
03/02/2026
100.206 4.01% 400,824.00 4,250.00 405,074.00 (567.35)
Sale 05/27/2025 3133EPQC2 (2,000,000.00)

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.625 07/17/2026
100.524 4.66% 2,010,480.00 33,402.78 2,043,882.78 11,148.98 Sale 05/28/2025 3133EPCF0 (500,000.00)

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
03/02/2026
100.130 4.01% 500,650.00 5,375.00 506,025.00 (1,082.95) Sale 05/30/2025 3130ATS57 (2,000,000.00) FEDERAL HOME LOAN BANKS 4.5 03/10/2028 101.404 3.82% 2,028,080.00 20,000.00 2,048,080.00 (5,820.66) Sale 05/30/2025 3133EPCF0 (1,100,000.00)

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
03/02/2026
100.168 4.01% 1,101,848.00 12,100.00 1,113,948.00 (1,937.07) Sale 06/12/2025 91282CGT2 (825,000.00) UNITED STATES TREASURY

3.625 03/31/2028 99.195 3.68% 818,361.33 5,964.91 824,326.24 (5,502.71) Sale 06/13/2025 4581X0EK0 (1,720,000.00)

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
100.252 4.53% 1,724,334.40 6,020.00 1,730,354.40 4,760.64 Total Sale (8,545,000.00) 8,584,577.73 87,112.69 8,671,690.42 998.88 TOTAL
DISPOSITIONS (16,195,000.00) 16,234,577.73 87,112.69 16,321,690.42 998.88 39 645

TRANSACTION LEDGER
City of Orange LAIF Balances | Account #10895|04/01/2025 Through 06/30/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 04/15/2025 90LAIF$00 350,242.45 Local Agency Investment Fund State Pool 1.000 4.28% (350,242.45) 0.00 (350,242.45) 0.00 Purchase 04/30/2025 90LAIF$00 10,000,000.00 Local Agency Investment Fund State Pool 1.000 4.27% (10,000,000.00) 0.00 (10,000,000.00) 0.00 Total Purchase 10,350,242.45 (10,350,242.45) 0.00 (10,350,242.45) 0.00 TOTAL
ACQUISITIONS 10,350,242.45 (10,350,242.45) 0.00 (10,350,242.45) 0.00 40 646

IMPORTANT DISCLOSURES
City of Orange | Account #10888 | As of June 30, 2025
2025 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

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

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

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “as is” basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.

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

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

BENCHMARK DISCLOSURES
City of Orange | Account #10888 | As of June 30, 2025
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. 42 648

Orange City CouncilAugust 12, 2025

Orange City Council
August 12, 2025