Agenda packet — Orange City Council, February 10, 2026 (part 4 of 4)

CITY OF ORANGE

PURCHASING DIVISION FAX: 714/744-2275

Addendum No. 2

Date: July 15, 2025
To: All Bidders
Subject: RFQ/P 24-25.29 - Energy Conservation and Performance Contracting – Answers to Questions, and Language Update

The following are answers to questions submitted for the project referenced above.

Questions: Answers:

On Page 19, there is an optional or reserved clause for liquidated damages. Will be included as part of the
agreement? If so, can the City provide the dollar
amount?

An amount will be determined through the negotiation
process.

The following question is related to RFQ No 24-25.29,
page 13, Section VI Proposal Format and Content, item

1. Presentation:

SOQ/Proposals shall be typed, no more than 25 pages.

Charts and schedules may also be included but no more
than 15 pages in total. Can you confirm that the
proposal submission is limited to a response of 25
pages, with an Appendix (that does not contribute to
the 25 page limit) not to exceed 15 pages of charts and schedules?

Correct, an appendix that includes charts and tables
does not contribute to the 25-page limit but should be
limited to 15 pages.

On page 9, section c. Minimum Requirements. The
second requirement says, … 5 energy performance
contracts and power purchasing agreements… however
on page 10. Section 3. The second box or prerequisite
says, … 5 energy performance contracts or power

Question A (Re: Past history) – Both references will
read “5 energy performance contracts or power
purchasing agreements”.

446

Page 2 of 3 ends

purchasing agreements – It seems these are similar
requirements/prerequisites.

A. Would the City please issue an addendum to have
both requirements/prerequisites read: …5 energy
performance contracts or power purchasing
agreements…?

B. On page 14, Management and Staffing. Would the
City please exempt the individual resumes from the 25
page count and 15 page charts and schedules?

C. Would the City please provide the approximate age
of the existing solar systems and if these systems are
currently under a PPA arrangement?

Question B (Re: Page limits) – Yes, individual resumes are exempt from the 25-page limit and 15-page limit for charts and schedules.

Question C (Age of solar):
c. New Fire Station Admin. Parking lot, -
installed and activated in 2022

b. Orange Police Department, Fire Station 4 –
installed in 2024 and activation is pending due
to Southern California Edison delay.

c. Old Towne Orange Parking Structure -
installed end of 2018/activated in early 2019.

All other terms and conditions of the RFP remain unchanged.

Please note all previously posted questions and answers have been included in this addendum. Bidder shall signify the receipt of this addendum with a signature on the last page of this Addendum No. 2.

Please contact Wanda Alvarez for any questions regarding this addendum at [email protected] or call (714) 744-2266.

_______________________
Wanda Alvarez
Purchasing Officer

447
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Colton Gorman Willdan
Willdan
858-951-2195
7/29/25
[email protected]
448
Submitted by:

Willdan Energy Solutions
2401 E. Katella Avenue, Suite 300 | Anaheim, CA 92806 714.940.6300 | 800.424.9144 | Fax: 714.940.4920
449
Agenda Item
Orange City Council
Item #: 8.5. 2/10/2026 File #: 26-0051
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Leslie Hardy, Community and Library Services Director

1. SUBJECT
Recommendation for Celebration in the Park on July 3, 2026, in connection with the USA250 initiative.

2. SUMMARY
Recommendation regarding the proposed USA250 - Celebration in the Park at Hart Park, a free, family-friendly celebration that activates existing park amenities and collaborates with local-nonprofit organizations to assist with implementation on select components.

3. RECOMMENDED ACTION
Approve the proposed USA250 - Celebration in the Park at Hart Park on July 3, 2026 as recommended by the Park Planning and Community Events Commission.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 3: Enhance Public Communication Strategy and Quality of Life Objective 3.7: Continue to offer high quality and efficient city led recreation programs

6. DISCUSSION AND BACKGROUND
In preparation for the 250th anniversary of the signing of the Declaration of Independence, also known as the Semiquincentennial (USA250), the City Council directed staff in March 2025 to collaborate with the Park Planning and Community Events Commission (Commission) to develop a plan to commemorate this milestone in the City of Orange.

In May 2025, the Commission established a USA250 Subcommittee which adopted a decentralized approach that encourages community partners, nonprofit organizations, and local businesses to incorporate the USA250 theme into their existing programming.

To support this effort, information about the initiative, along with a calendar of related events occurring throughout the Orange community, has been made available on the City’swebsite. Other planned activities include the donation of a Liberty Tree to the City from the Sons of the American City of Orange Printed on 2/5/2026Page 1 of 2
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Item #: 8.5. 2/10/2026 File #: 26-0051
planned activities include the donation of a Liberty Tree to the City from the Sons of the American Revolution, a community art exhibit at the Sports Center at Grijalva Park, a USA250 themed City utility box art contest, a community event at the Orange Public Library and History Center (OPL) hosted by the Daughters of the American Revolution, and a staff curated USA250 exhibit at OPL.

In addition, several local non-profit organizations are planning events and activities with a USA250 theme including a Concert in the Park put on by the Kiwanis Club of Orange and Celebrate Orange with the theme, “Orange You Glad It’sAmerica’sBirthday! Celebrating 250 Years” hosted by the Orange Chamber of Commerce, Orange Blossoms Auxiliary, and the Orange Plaza Rotary Club.

Commission input was discussed at the September 2025 meeting, and subsequent updates have been provided on an ongoing basis.

At the October 2025 Commission meeting, the Commission provided feedback on a re-imagined July 3rd event concept that aligned with Semiquiencentennial as part of the broader USA250 initiative. At that time, the Commission also established a fundraising subcommittee to support the event. The proposed event-now titled Celebration in the Park at Hart Park-is envisioned as a free, family-friendly community gathering to be held on July 3, 2026. The event is designed to activate existing park amenities while requiring minimal staffing from Police, Fire, and Community Services. The concept emphasizes community connection, collaboration with local nonprofit organizations, and fiscal responsibility. Planned elements may include live music, a small patriotic ceremony commemorating USA250, and use of existing Hart Park amenities throughout the day, such as swimming at Hart Park Pool, pickleball, softball, and other recreational activities.

Following the elimination of funding for City-led special events in 2024 and reductions in staffing levels, this approach leverages existing park resources to create a welcoming community experience without the high operational costs associated with a fully enclosed, ticketed event featuring a large- scale musical performance and fireworks. In addition, the event concept relies on partnerships with local nonprofit organizations to assist with select implementation components, as Community Services staffing resources for day-of-event support are currently minimal.

The proposed event does not include a commercial-grade fireworks display. The cost, space, staffing, and safety requirements associated with such a display were determined to be prohibitive given current budget and staffing constraints. This approach is further supported by the continued allowance of Safe and Sane Fireworks sales within the City.

The fundraising subcommittee has established a goal of securing approximately $35,000 in sponsorship funding to fully support the event. In coordination with staff, a tiered sponsorship program has been developed, with contribution levels ranging from $500 to $20,000. Full funding is required to proceed with the event.

The Commission voted to recommend the event as presented to City Council at its January 20, 2026, Regular meeting.

7. ATTACHMENTS
· None
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Agenda Item
Orange City Council
Item #: 8.5. 2/10/2026 File #: 26-0051
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Leslie Hardy, Community and Library Services Director

1. SUBJECT
Recommendation for Celebration in the Park on July 3, 2026, in connection with the USA250 initiative.

3. RECOMMENDED ACTION
Approve the proposed USA250 - Celebration in the Park at Hart Park on July 3, 2026 as recommended by the Park Planning and Community Events Commission.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 3: Enhance Public Communication Strategy and Quality of Life Objective 3.7: Continue to offer high quality and efficient city led recreation programs

To support this effort, information about the initiative, along with a calendar of related events occurring throughout the Orange community, has been made available on the City’swebsite. Other planned activities include the donation of a Liberty Tree to the City from the Sons of the American City of Orange Printed on 2/5/2026Page 1 of 2
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Item #: 8.5. 2/10/2026 File #: 26-0051
planned activities include the donation of a Liberty Tree to the City from the Sons of the American Revolution, a community art exhibit at the Sports Center at Grijalva Park, a USA250 themed City utility box art contest, a community event at the Orange Public Library and History Center (OPL) hosted by the Daughters of the American Revolution, and a staff curated USA250 exhibit at OPL.

Commission input was discussed at the September 2025 meeting, and subsequent updates have been provided on an ongoing basis.

The Commission voted to recommend the event as presented to City Council at its January 20, 2026, Regular meeting.

7. ATTACHMENTS
· None
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Agenda Item
Orange City Council
Item #: 8.6. 2/10/2026 File #: 25-0701
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 October, November, and December of 2025.

2. SUMMARY
These reports provide a compilation of three-monthly Treasurer’sReports to the City Council for the second quarter of Fiscal Year 2025-26. 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: Enhance Economic Development and Achieve Fiscal Sustainability.

6. DISCUSSION AND BACKGROUND
The City’sFiscal Year 2025-26 Statement of Investment Policy was adopted by the Orange City Council on August 12, 2025, as Resolution 25-0474 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. The accompanying reports and investment strategies were reviewed by the Investment Committee on January 28, 2026. A summary of Treasurer’scash and investments is also included.

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Item #: 8.6. 2/10/2026 File #: 25-0701
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 December 31, 2025. As of December 31, 2025, the book value of the City’s total investment portfolio was $159,899,724 million, of which $92.8 million, or 58%, was managed by Chandler Asset Management (Chandler), the City’sinvestment manager. The remaining balance $67.1 million of the portfolio was managed by City staff of which $41.2 million was invested in the Local Agency Investment Fund (LAIF) and $25.9 million held in the City’soperating checking account.

Cash & Investments Balance₁
Chandler Investments: $92,776,109
LAIF, City: $35,538,464
LAIF, Successor Agency: $5,646,952
Wells Fargo Bank: $25,938,199
Balance at 12/31/2025 $159,899,724
(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 December 31, 2025, totaled just under $160 million. The City’s balances by fund are presented on the table below.

Fund Categories Amount
General Fund 27,246,815 17%
Special Revenue Fund 33,134,960 21%
Enterprise Fund 41,540,847 26%
Capital Project Fund 27,686,554 17%
Internal Service Fund 19,579,700 12%
Other Funds 10,710,848 7%
159,899,724 100.0%
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Item #: 8.6. 2/10/2026 File #: 25-0701
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 December 31, 2025 the City investments consisted of the following and are compliant with the Investment Policy.

Investment Type
Book Value as of
December 31,
2025
Percentage of Portfolio
Investment by Type
Federal Agency Securities 15,575,046 58.02%
Corporate Notes 23,531,243
Commercial Paper 1,988,851
U.S. Treasury Notes 38,048,889
Asset Backed Securities 10,799,042
Supranational 2,601,719
Money Market Fund 228,110
Chandler Custodial Cash 3,211
Local Agency Investment Fund City (LAIF 604) 35,538,464 25.76% Local Agency Investment Fund Successor (LAIF 007) 5,646,952 Checking Account/Custodial Cash (WF14) 604,429 16.22% Checking Account/Custodial Cash (WF15) 25,280,495
Checking Account/Custodial Cash (WF12) 53,275
Total Investments 159,899,724 100%
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Item #: 8.6. 2/10/2026 File #: 25-0701
Investment Type
Book Value as of
December 31,
2025
Percentage of Portfolio
Investment by Type
Federal Agency Securities 15,575,046 58.02%
Corporate Notes 23,531,243
Commercial Paper 1,988,851
U.S. Treasury Notes 38,048,889
Asset Backed Securities 10,799,042
Supranational 2,601,719
Money Market Fund 228,110
Chandler Custodial Cash 3,211
Local Agency Investment Fund City (LAIF 604) 35,538,464 25.76% Local Agency Investment Fund Successor (LAIF 007) 5,646,952 Checking Account/Custodial Cash (WF14) 604,429 16.22% Checking Account/Custodial Cash (WF15) 25,280,495
Checking Account/Custodial Cash (WF12) 53,275
Total Investments 159,899,724 100%
Cash Transactions:

The City’s total cash increased by about $15.5 million from the last quarter’s total to just under $160 million largely from the annual property tax disbursement received in December. Total cash fluctuates over the course of the fiscal year due to cyclical events. All cash disbursements are within the FY 2025-26 budget and all check registers are presented to the City Council monthly.

Treasurers’ Comments:

Q2 FY26 was right in line with the Chandler benchmark. We saw some shift in Treasury notes rising to 41% from 35% and Corporate notes dropping to 25% from 27%. Additionally, Agency dropped from 19% to 14%.

The investment portfolio as a whole, is in a healthy state and in full compliance with city and state regulations. I will continue to look for options on maximizing our returns.

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 - the values are below for reference:
(average of 3.76%)
October 2025 = $37,369
November 2025 = $40,068
December 2025 = $60,779
TOTAL = $138,216

7. ATTACHMENTS
· Chandler Monthly Investment Report October 2025
· Chandler Monthly Investment Report November 2025
· Chandler Monthly Investment Report December 2025
· Chandler Investment Report for the Period Ending December 31, 2025 City of Orange Printed on 2/5/2026Page 4 of 4
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Agenda Item
Orange City Council
Item #: 8.6. 2/10/2026 File #: 25-0701
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 October, November, and December of 2025.

3. RECOMMENDED ACTION
Receive and file.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 2: Enhance Economic Development and Achieve Fiscal Sustainability.

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

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Item #: 8.6. 2/10/2026 File #: 25-0701
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 December 31, 2025, totaled just under $160 million. The City’s balances by fund are presented on the table below.

Fund Categories Amount
General Fund 27,246,815 17%
Special Revenue Fund 33,134,960 21%
Enterprise Fund 41,540,847 26%
Capital Project Fund 27,686,554 17%
Internal Service Fund 19,579,700 12%
Other Funds 10,710,848 7%
159,899,724 100.0%
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Item #: 8.6. 2/10/2026 File #: 25-0701
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 December 31, 2025 the City investments consisted of the following and are compliant with the Investment Policy.

Investment Type
Book Value as of
December 31,
2025
Percentage of Portfolio
Investment by Type
Federal Agency Securities 15,575,046 58.02%
Corporate Notes 23,531,243
Commercial Paper 1,988,851
U.S. Treasury Notes 38,048,889
Asset Backed Securities 10,799,042
Supranational 2,601,719
Money Market Fund 228,110
Chandler Custodial Cash 3,211
Local Agency Investment Fund City (LAIF 604) 35,538,464 25.76% Local Agency Investment Fund Successor (LAIF 007) 5,646,952 Checking Account/Custodial Cash (WF14) 604,429 16.22% Checking Account/Custodial Cash (WF15) 25,280,495
Checking Account/Custodial Cash (WF12) 53,275
Total Investments 159,899,724 100%
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Item #: 8.6. 2/10/2026 File #: 25-0701
Investment Type
Book Value as of
December 31,
2025
Percentage of Portfolio
Investment by Type
Federal Agency Securities 15,575,046 58.02%
Corporate Notes 23,531,243
Commercial Paper 1,988,851
U.S. Treasury Notes 38,048,889
Asset Backed Securities 10,799,042
Supranational 2,601,719
Money Market Fund 228,110
Chandler Custodial Cash 3,211
Local Agency Investment Fund City (LAIF 604) 35,538,464 25.76% Local Agency Investment Fund Successor (LAIF 007) 5,646,952 Checking Account/Custodial Cash (WF14) 604,429 16.22% Checking Account/Custodial Cash (WF15) 25,280,495
Checking Account/Custodial Cash (WF12) 53,275
Total Investments 159,899,724 100%
Cash Transactions:

Treasurers’ Comments:

The investment portfolio as a whole, is in a healthy state and in full compliance with city and state regulations. I will continue to look for options on maximizing our returns.

MONTHLY ACCOUNT STATEMENT
City of Orange | Account #10888 | As of October 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*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (01/01/22)
City of Orange 0.37% 1.69% 5.08% 5.47% 5.89% 5.15% -- -- 2.03% Benchmark Return 0.37% 1.66% 4.96% 5.28% 5.72% 4.62% -- -- 1.85% Average Modified Duration 2.27
Average Coupon 3.72%
Average Purchase YTM 3.91%
Average Market YTM 3.81%
Average Credit Quality* AA+
Average Final Maturity 2.67
Average Life 2.50
End Values as of
09/30/2025
End Values as of
10/31/2025
Market Value 107,286,590.41 107,692,108.75
Accrued Interest 646,814.26 638,553.36
Total Market Value 107,933,404.67 108,330,662.12
Income Earned 442,134.41 313,919.99
Cont/WD 0.00 0.00
Par 106,875,700.28 107,186,837.77
Book Value 106,498,015.94 106,825,210.85
Cost Value 106,396,581.71 106,683,394.45
United States 35.66%
First American Govt Oblig Fund 13.16%
Federal Home Loan Banks 8.30%
Farm Credit System 3.90%
Apple Inc. 2.76%
International Bank for Recon and Dev 2.45%
FHLMC 2.30%
PepsiCo, Inc. 1.92%
**Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index *The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch. 463
CONFIDENTIAL | 3
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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
(07/01/2025)
Beginning Book Value 106,498,015.94 105,399,801.80
Maturities/Calls (13,545,000.00) (14,320,000.00)
Principal Paydowns (66,325.15) (230,916.50)
Purchases 13,917,448.62 20,759,366.30
Sales (6,509.36) (4,871,509.09)
Change in Cash, Payables, Receivables 11,523.38 10,917.62 Amortization/Accretion 16,057.42 65,790.45
Realized Gain (Loss) (0.00) 11,760.27
Ending Book Value 106,825,210.85 106,825,210.85
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 107,286,590.41 105,780,134.31
Maturities/Calls (13,545,000.00) (14,320,000.00)
Principal Paydowns (66,325.15) (230,916.50)
Purchases 13,917,448.62 20,759,366.30
Sales (6,509.36) (4,871,509.09)
Change in Cash, Payables, Receivables 11,523.38 10,917.62 Amortization/Accretion 16,057.42 65,790.45
Change in Net Unrealized Gain (Loss) 78,323.44 486,565.38 Realized Gain (Loss) (0.00) 11,760.27
Ending Market Value 107,692,108.75 107,692,108.75
Maturities / Calls
Month to Date (13,545,000.00)
Fiscal Year to Date (14,320,000.00)
Principal Paydowns
Month to Date (66,325.15)
Fiscal Year to Date (230,916.50)
Purchases
Month to Date 13,917,448.62
Fiscal Year to Date 20,759,366.30
Sales
Month to Date (6,509.36)
Fiscal Year to Date (4,871,509.09)
Interest Received
Month to Date 306,123.47
Fiscal Year to Date 1,353,799.29
Purchased / Sold Interest
Month to Date 0.00
Fiscal Year to Date 11,209.25
464
CONFIDENTIAL | 4
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 69,275.14 02/16/2023

5.09%
69,262.27
69,270.59
100.26

4.20%
69,456.98

96.99 0.06%
186.39
Aaa/NA
AAA

1.47 0.29
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 199,933.93 02/22/2023

3.39%
199,897.50
199,918.16
100.40

4.12%
200,736.87
445.19

0.19%
818.70
Aaa/NA
AAA

2.04 0.43
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 430,000.00 02/05/2025

4.66%
429,949.26
429,961.30
100.73

4.05%
433,144.16
612.27

0.40%
3,182.86
NA/AAA
AAA

2.31 1.10
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 99,568.67 07/11/2023

5.47%
99,551.02
99,559.80
100.63

4.09%
100,197.24

90.77 0.09%
637.45
NA/AAA
AAA

2.32 0.44
44935DAD1 HALST 2025-B A3 4.53
04/17/2028 330,000.00 04/24/2025

4.53%
329,970.20
329,975.29
100.69

4.09%
332,288.55
664.40

0.31%
2,313.26
NA/AAA
AAA

2.46 1.43
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026 350,000.00 06/07/2023

4.92%
349,968.96
349,994.33
100.43

4.09%
351,507.45
757.56

0.33%
1,513.12
NA/AAA
AAA

0.54 0.52
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 985,000.00 --

4.80%
985,558.36
985,442.01
100.79

4.01%
992,778.55
1,378.45

0.92%
7,336.53
NA/AAA
AAA

2.56 1.27
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 269,494.24 11/01/2023

5.74%
269,446.79
269,467.16
101.06

4.15%
272,353.58
424.45

0.25%
2,886.42
Aaa/NA
AAA

2.64 0.65
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.23%
1,059,706.17
1,059,831.29
101.01

4.00%
1,070,721.90
2,430.93

0.99%
10,890.61
NA/AAA
AAA

2.88 0.83
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2026 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,986.27
101.07

4.00%
1,066,304.33
2,452.29

0.99%
11,318.06
NA/AAA
AAA

0.87 0.83
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 450,000.00 06/04/2024

5.18%
449,931.65
449,951.83
100.94

4.09%
454,237.20
388.50

0.42%
4,285.37
Aaa/AAA
NA

3.32 0.82
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 510,000.00 06/11/2024

5.81%
509,900.30
509,929.16
101.45

3.92%
517,409.79
1,178.67

0.48%
7,480.63
Aaa/NA
AAA

3.37 1.08
44934QAD3 HART 2024-B A3 4.84
03/15/2029 285,000.00 07/16/2024

5.45%
284,956.99
284,968.79
100.93

4.08%
287,658.77
613.07

0.27%
2,689.98
NA/AAA
AAA

3.37 1.15
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 630,000.00 08/09/2024

4.66%
629,901.03
629,926.88
100.64

4.01%
634,047.12
799.75

0.59%
4,120.24
Aaa/NA
AAA

3.39 1.06
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 530,000.00 05/14/2025

4.66%
529,935.39
529,942.82
101.17

4.05%
536,213.19
1,085.91

0.50%
6,270.37
NA/AAA
AAA

3.46 1.92
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,979.72
101.52

3.94%
512,658.33
1,106.51

0.48%
7,678.60
Aaa/AAA
NA

3.54 1.45
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 500,000.00 03/04/2025

5.09%
499,968.55
499,973.03
100.57

3.94%
502,825.50
940.00

0.47%
2,852.47
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
794,979.34
100.98

3.98%
802,803.72
1,009.21

0.75%
7,824.38
NA/AAA
AAA

3.89 1.53
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 680,000.00 02/04/2025

4.56%
679,933.02
679,943.43
100.78

4.03%
685,286.32
516.80

0.64%
5,342.89
Aaa/AAA
NA

3.90 1.34
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 560,000.00 10/17/2024

4.29%
559,916.78
559,933.86
100.83

3.88%
564,634.00
1,067.73

0.52%
4,700.14
Aaa/AAA
NA

3.96 1.84
44935CAD3 HART 2025-A A3 4.32
10/15/2029 635,000.00 03/04/2025

4.84%
634,906.34
634,919.40
100.61

4.00%
638,884.30
1,219.20

0.59%
3,964.89
NA/AAA
AAA

3.96 1.69
Total ABS 10,928,271.98 4.91%
10,927,560.60
10,927,854.45
100.90

4.01%
11,026,147.83
19,278.65

10.24%
98,293.37

2.95 1.21
AGENCY
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

97.86 3.87%
4,892,865.00
11,500.00

4.54%
(107,135.00)
Aa1/AA+
AA+

0.74 0.72
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
2,019,134.04
101.24

3.68%
2,024,710.00
11,180.56

1.88%
5,575.96
Aa1/AA+
AA+

1.87 1.77
3130AEB25 FEDERAL HOME LOAN BANKS

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

4.15%
1,921,180.00
1,957,912.51

99.31 3.53%
1,986,202.00
25,638.89

1.84%
28,289.49
Aa1/AA+
AA+

2.61 2.44
3130AXQK7 FEDERAL HOME LOAN BANKS

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

4.05%
2,060,660.00
2,038,741.70
103.22

3.64%
2,064,330.00
37,736.11

1.92%
25,588.30
Aa1/AA+
AA+

3.10 2.82
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
2,102,978.96
103.54

3.66%
2,174,432.40
277.08

2.02%
71,453.44
Aa1/AA+
AA+

3.50 3.20
Total Agency 13,100,000.00 2.96%
13,141,823.00
13,118,767.22
100.38

3.72%
13,142,539.40
86,332.64

12.20%
23,772.18

2.02 1.88

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
1,072,751.45

95.22 3.94%
1,085,555.88
2,465.25

1.01%
12,804.43
Aa1/AA+
AAA

3.90 3.54
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030 1,500,000.00 06/12/2025

4.23%
1,365,820.31
1,376,900.85

92.70 3.96%
1,390,450.50
2,586.25

1.29%
13,549.65
Aa1/AA+
AAA

4.24 3.94
Total Agency CMBS 2,640,000.00 4.26%
2,431,942.97
2,449,652.30

93.80 3.95%
2,476,006.38
5,051.50

2.30%
26,354.08

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CCYUSD Receivable 12,648.76 -- 12,648.76
12,648.76

1.00 0.00%
12,648.76

0.00 0.01%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 12,648.76
12,648.76
12,648.76

1.00 0.00%
12,648.76

0.00 0.01%

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
1,974,380.00

98.79 4.15%
1,975,836.00

0.00 1.83%
1,456.00
P-1/A-1
NA

0.30 0.29
Total Commercial
Paper 2,000,000.00 4.41%
1,936,898.89
1,974,380.00

98.79 4.15%
1,975,836.00

0.00 1.83%
1,456.00

0.30 0.29

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

0.70%
2,999,730.00
2,999,985.36

99.19 3.80%
2,975,649.00
4,841.67

2.76%
(24,336.36)
Aaa/AA+
NA

0.27 0.26
713448FQ6 PEPSICO INC 4.55 02/13/2026 195,000.00 02/13/2023

4.57%
194,886.90
194,989.25
100.02

4.45%
195,031.01
1,922.38

0.18%

41.76 A1/A+
NA

0.29 0.19
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026 470,000.00 02/13/2023

4.77%
469,689.80
469,968.30
100.12

4.31%
470,549.43
4,340.97

0.44%
581.13
A3/A-
A-

0.31 0.21
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,898.26
100.98

3.95%
509,963.14
3,828.88

0.47%
5,064.88
A1/A
A+

0.85 0.82
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,964.99
101.12

4.00%
384,239.28
9,250.63

0.36%
4,274.29
A1/A+
NA

1.03 0.89
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027 1,000,000.00 03/30/2023

4.91%
991,550.00
996,460.14
101.19

4.03%
1,011,884.00
6,136.11

0.94%
15,423.86
A2/A-
AA-

1.87 1.69
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
999,077.79
101.99

3.94%
1,019,906.00
14,836.11

0.95%
20,828.21
A1/A
AA-

2.20 2.04
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,229,164.40

99.61 4.86%
1,245,110.00
13,410.56

1.16%
15,945.60
A1/A-
AA-

2.22 1.16
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,472,112.99

99.54 3.81%
1,493,110.50
10,950.00

1.39%
20,997.51
A1/A+
NA

2.30 2.16
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
101.31

3.94%
1,301,864.34
10,200.33

1.21%
16,864.34
Aa3/A
AA-

2.33 2.09
58933YBH7 MERCK & CO INC 4.05
05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,258,146.34
100.51

3.84%
1,256,320.00
23,062.50

1.17%
(1,826.34)
Aa3/A+
NA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
977,285.92
100.53

4.07%
1,005,340.00
12,513.89

0.93%
28,054.08
A2/A+
A

3.21 2.86
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,196,434.98
102.06

3.92%
1,224,706.80
13,953.33

1.14%
28,271.82
A1/A+
NA

3.25 2.96
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,428.50
102.49

4.04%
1,281,083.75
10,946.18

1.19%
30,655.25
A1/AA-
NA

3.32 2.95
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,247,068.21
102.39

4.04%
1,279,930.00
20,781.25

1.19%
32,861.79
A2/A
A

3.65 3.20
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
703,831.47
100.78

3.97%
710,525.09
6,333.25

0.66%
6,693.62
Aa3/A+
NA

3.79 3.37
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,273,710.16
101.97

4.08%
1,274,680.00
12,270.83

1.18%
969.84
A2/A
A

3.79 3.34
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,277,652.38

99.96 4.19%
1,299,420.20
5,281.79

1.21%
21,767.82
Aa1/AA+
NA

3.90 3.55
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,612.66
101.46

4.21%
842,108.87
15,484.11

0.78%
12,496.21
Aa1/AA+
AAA

4.10 3.63
14913UAX8 CATERPILLAR FINANCIAL
SERVICES CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,448.56
103.35

3.92%
992,151.36
14,464.00

0.92%
33,702.80
A2/A
A+

4.19 3.72
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,584.62
102.47

4.25%
840,293.36
12,500.44

0.78%
21,708.74
Aa3/AA-
AA-

4.19 3.70
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,200,000.00 --

4.90%
1,202,338.00
1,202,177.90
102.59

4.27%
1,231,060.80
18,315.00

1.14%
28,882.90
Aa3/AA+
AA+

4.19 3.70
Total Corporate 23,600,000.00 4.20%
23,467,412.00
23,525,003.17
101.05

4.05%
23,844,926.92
245,624.21

22.14%
319,923.75

2.66 2.34

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 14,170,917.03 --

3.70%
14,170,917.03
14,170,917.03

1.00 3.66%
14,170,917.03

0.00 13.16%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 14,170,917.03 3.70%
14,170,917.03
14,170,917.03

1.00 3.66%
14,170,917.03

0.00 13.16%

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
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
1,966,555.94

99.61 3.65%
1,992,208.00
21,194.44

1.85%
25,652.06
Aaa/AAA
NA

2.70 2.52
459058LR2

INTERNATIONAL BANK FOR

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

4.20%
632,733.05
633,013.63
101.58

3.73%
645,033.64
2,983.18

0.60%
12,020.01
Aaa/AAA
NA

4.38 3.96
Total
Supranational 2,635,000.00 4.20%
2,571,113.05
2,599,569.57
100.09

3.67%
2,637,241.64
24,177.62

2.45%
37,672.07

3.11 2.87

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

1.01%
2,980,546.88
2,996,452.42

97.45 3.76%
2,923,641.00
2,307.69

2.71%
(72,811.42)
Aa1/AA+
AA+

0.91 0.89
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,200,000.00 03/27/2024

4.18%
2,206,617.19
2,204,471.57
101.94

3.62%
2,242,625.00
16,013.81

2.08%
38,153.43
Aa1/AA+
AA+

3.33 3.06
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,172,609.33
101.57

3.63%
2,234,546.60
7,978.02

2.07%
61,937.27
Aa1/AA+
AA+

3.41 3.15
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,000,000.00 --

4.13%
2,042,382.82
2,031,479.59
103.23

3.63%
2,064,532.00
255.52

1.92%
33,052.41
Aa1/AA+
AA+

3.50 3.21
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,217,728.26
102.86

3.64%
2,262,821.00
41,655.74

2.10%
45,092.74
Aa1/AA+
AA+

3.58 3.23
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 09/26/2024

3.56%
2,038,515.62
2,029,801.68
101.20

3.65%
2,024,062.00
20,217.39

1.88%
(5,739.68)
Aa1/AA+
AA+

3.75 3.42
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,932,749.91

98.11 3.66%
1,962,188.00
10,704.42

1.82%
29,438.09
Aa1/AA+
AA+

3.83 3.55
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.10%
2,177,828.13
2,182,348.97
100.78

3.66%
2,217,188.60
7,494.51

2.06%
34,839.63
Aa1/AA+
AA+

3.91 3.59
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 2,500,000.00 04/29/2025

3.77%
2,523,535.16
2,520,888.35
101.24

3.66%
2,531,055.00
276.24

2.35%
10,166.65
Aa1/AA+
AA+

4.00 3.66
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,371,844.72
101.71

3.67%
2,441,061.60
41,655.74

2.27%
69,216.88
Aa1/AA+
AA+

4.08 3.66
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 2,500,000.00 04/29/2025

3.78%
2,550,488.28
2,545,111.00
102.22

3.68%
2,555,567.50
26,851.22

2.37%
10,456.50
Aa1/AA+
AA+

4.25 3.82
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00 --

4.02%
2,697,195.31
2,697,525.40
101.27

3.68%
2,734,381.80
18,497.24

2.54%
36,856.40
Aa1/AA+
AA+

4.33 3.92
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 2,500,000.00 04/29/2025

3.80%
2,480,664.06
2,482,655.79

99.76 3.68%
2,493,945.00
7,967.03

2.32%
11,289.21
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
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 2,700,000.00 05/29/2025

4.03%
2,681,542.97
2,683,135.87
100.77

3.69%
2,720,776.50
289.02

2.53%
37,640.63
Aa1/AA+
AA+

4.50 4.09
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 2,600,000.00 --

3.84%
2,589,183.60
2,589,763.24
100.23

3.70%
2,605,891.60
41,024.59

2.42%
16,128.36
Aa1/AA+
AA+

4.58 4.10
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 2,400,000.00 09/29/2025

3.74%
2,387,625.00
2,387,852.25

99.65 3.70%
2,391,561.60
14,900.55

2.22%
3,709.35
Aa1/AA+
AA+

4.83 4.36
Total US Treasury 38,100,000.00 3.79%
38,023,078.15
38,046,418.35
100.83

3.67%
38,405,844.80
258,088.74

35.66%
359,426.45

3.81 3.47
Total Portfolio 107,186,837.77 3.91%
106,683,394.45
106,825,210.85

87.46 3.81%
107,692,108.75
638,553.36
100.00%
866,897.90

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

ACQUISITIONS
Purchase 10/02/2025 31846V203 1,125.38 FIRST AMER:GVT OBLG Y 1.000 3.73% (1,125.38) 0.00 (1,125.38) 0.00 Purchase 10/15/2025 31846V203 51,533.59 FIRST AMER:GVT OBLG Y 1.000 3.78% (51,533.59) 0.00 (51,533.59) 0.00 Purchase 10/16/2025 31846V203 5,000,000.00 FIRST AMER:GVT OBLG Y 1.000 3.78% (5,000,000.00) 0.00 (5,000,000.00) 0.00 Purchase 10/16/2025 31846V203 20,000.00 FIRST AMER:GVT OBLG Y 1.000 3.78% (20,000.00) 0.00 (20,000.00) 0.00 Purchase 10/20/2025 31846V203 5,429.24 FIRST AMER:GVT OBLG Y 1.000 3.76% (5,429.24) 0.00 (5,429.24) 0.00 Purchase 10/21/2025 31846V203 37,780.49 FIRST AMER:GVT OBLG Y 1.000 3.76% (37,780.49) 0.00 (37,780.49) 0.00 Purchase 10/27/2025 31846V203 2,465.25 FIRST AMER:GVT OBLG Y 1.000 3.78% (2,465.25) 0.00 (2,465.25) 0.00 Purchase 10/27/2025 31846V203 18,038.42 FIRST AMER:GVT OBLG Y 1.000 3.78% (18,038.42) 0.00 (18,038.42) 0.00 Purchase 10/28/2025 31846V203 8,074,150.00 FIRST AMER:GVT OBLG Y 1.000 3.80% (8,074,150.00) 0.00 (8,074,150.00) 0.00 Purchase 10/30/2025 31846V203 544,875.00 FIRST AMER:GVT OBLG Y 1.000 3.80% (544,875.00) 0.00 (544,875.00) 0.00 Purchase 10/30/2025 31846V203 13,488.75 FIRST AMER:GVT OBLG Y 1.000 3.80% (13,488.75) 0.00 (13,488.75) 0.00 Purchase 10/31/2025 31846V203 148,562.50 FIRST AMER:GVT OBLG Y 1.000 3.70% (148,562.50) 0.00 (148,562.50) 0.00 Total Purchase 13,917,448.62 (13,917,448.62) 0.00 (13,917,448.62) 0.00 TOTAL
ACQUISITIONS 13,917,448.62 (13,917,448.62) 0.00 (13,917,448.62) 0.00

DISPOSITIONS
Maturity 10/16/2025 89236THP3 (5,000,000.00) TOYOTA MOTOR CREDIT CORP 0.8 10/16/2025 100.000 0.70% 5,000,000.00 0.00 5,000,000.00 0.00 Maturity 10/28/2025 3134GW3Z7 (8,050,000.00)

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025
100.000 0.60% 8,050,000.00 0.00 8,050,000.00 0.00
Maturity 10/30/2025 63743HFF4 (495,000.00)

NATIONAL RURAL

UTILITIES COOPERATIVE
FINANCE CORP 5.45
10/30/2025
100.000 5.50% 495,000.00 0.00 495,000.00 0.00
Total Maturity (13,545,000.00) 13,545,000.00 0.00 13,545,000.00 0.00 Sale 10/07/2025 31846V203 (6,509.36) FIRST AMER:GVT OBLG Y 1.000 3.72% 6,509.36 0.00 6,509.36 0.00 Total Sale (6,509.36) 6,509.36 0.00 6,509.36 0.00
TOTAL
DISPOSITIONS (13,551,509.36) 13,551,509.36 0.00 13,551,509.36 0.00 471
CONFIDENTIAL | 11
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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
OTHER

TRANSACTIONS
Coupon 10/01/2025 3137FPJG1 0.00 FHMS K-099 A2 2.595
09/25/2029 4.29% 2,465.25 0.00 2,465.25 0.00
Coupon 10/01/2025 3137FRUT6 0.00 FHMS K-106 A2 2.069
01/25/2030 4.23% 2,586.25 0.00 2,586.25 0.00
Coupon 10/15/2025 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 10/15/2025 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 10/15/2025 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 10/15/2025 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 10/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 1,762.50 0.00 1,762.50 0.00
Coupon 10/15/2025 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 10/15/2025 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 10/15/2025 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 10/15/2025 58768YAD7 0.00 MBALT 2025-A A3 4.61
04/16/2029 4.66% 2,036.08 0.00 2,036.08 0.00
Coupon 10/15/2025 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 10/15/2025 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 10/15/2025 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 3.39% 940.14 0.00 940.14 0.00
Coupon 10/16/2025 89236THP3 0.00 TOYOTA MOTOR CREDIT
CORP 0.8 10/16/2025 0.70% 20,000.00 0.00 20,000.00 0.00 472
CONFIDENTIAL | 12
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 10/20/2025 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.80% 3,759.41 0.00 3,759.41 0.00
Coupon 10/20/2025 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 10/21/2025 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.74% 1,364.78 0.00 1,364.78 0.00
Coupon 10/21/2025 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.09% 338.43 0.00 338.43 0.00
Coupon 10/21/2025 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 10/21/2025 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 10/25/2025 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.47% 501.38 0.00 501.38 0.00
Coupon 10/25/2025 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 10/25/2025 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 10/28/2025 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 10/30/2025 63743HFF4 0.00

NATIONAL RURAL

UTILITIES COOPERATIVE
FINANCE CORP 5.45
10/30/2025

5.50% 13,488.75 0.00 13,488.75 0.00
Coupon 10/30/2025 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 10/31/2025 91282CKP5 0.00 UNITED STATES TREASURY

4.625 04/30/2029 4.13% 46,250.00 0.00 46,250.00 0.00
Coupon 10/31/2025 91282CMZ1 0.00 UNITED STATES TREASURY

3.875 04/30/2030 4.03% 52,312.50 0.00 52,312.50 0.00
Coupon 10/31/2025 91282CFT3 0.00 UNITED STATES TREASURY

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Total Coupon 0.00 304,998.09 0.00 304,998.09 0.00
Dividend 10/31/2025 31846V203 0.00 FIRST AMER:GVT OBLG Y 3.68% 12,648.76 0.00 12,648.76 0.00 Total Dividend 0.00 12,648.76 0.00 12,648.76 0.00
Management Fee 10/07/2025 CCYUSD (6,509.36) Cash 0.00% (6,509.36) 0.00 (6,509.36) 0.00 Total
Management Fee (6,509.36) (6,509.36) 0.00 (6,509.36) 0.00 Principal Paydown 10/15/2025 47800CAC0 25,250.45 JDOT 2023 A3 5.01 11/15/2027 3.39% 25,250.45 -- 25,250.45 (0.00)
Principal Paydown 10/21/2025 438123AC5 19,348.04 HAROT 2023-4 A3 5.67 06/21/2028 5.74% 19,348.04 -- 19,348.04 0.00
Principal Paydown 10/21/2025 43815JAC7 11,302.37 HAROT 2023-1 A3 5.04 04/21/2027 5.09% 11,302.37 -- 11,302.37 0.00
Principal Paydown 10/25/2025 05592XAD2 10,424.29 BMWOT 2023-A A3 5.47 02/25/2028 5.47% 10,424.29 -- 10,424.29 (0.00)
Total Principal
Paydown 66,325.15 66,325.15 -- 66,325.15 (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
14,170,917.03
259,977.77
13,917,448.62
(6,509.36)
14,170,917.03

0.00 1,125.38

0.00 0.00

0.00 1,125.38
1,125.38
CCYUSD Receivable
12,648.76
1,125.38

0.00 0.00
12,648.76

0.00 0.00

0.00 Total Cash & Equivalents 14,183,565.79
261,103.15
13,917,448.62
(6,509.36)
14,183,565.79

0.00 1,125.38

0.00 0.00

0.00 1,125.38 1,125.38

FIXED INCOME
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026
06/07/2023
06/14/2023
350,000.00
349,991.50

0.00 0.00
349,994.33
757.56
1,420.42
757.56
1,420.42

2.82 0.00

2.82 1,423.24
1,423.24
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2026
09/12/2023
09/19/2023
1,055,000.00
1,054,984.93

0.00 0.00
1,054,986.27
2,452.29
4,598.04
2,452.29
4,598.04

1.34 0.00

1.34 4,599.38
4,599.38
037833EB2 APPLE INC 0.7 02/08/2026
02/08/2021
02/08/2021
3,000,000.00
2,999,980.78

0.00 0.00
2,999,985.36
3,091.67

0.00 4,841.67
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
504,979.24

0.00 0.00
504,979.72
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
99,568.67
109,982.80

0.00 (10,424.29)
99,559.80
100.28
501.38

90.77 491.88

1.29 0.00

3.824 01/20/2028
06/27/2024
06/28/2024
1,250,000.00
1,227,712.93

0.00 0.00
1,229,164.40
9,427.22

0.00 13,410.56
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
996,299.23

0.00 0.00
996,460.14
2,219.44

0.00 6,136.11
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
449,950.60

0.00 0.00
449,951.83
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
679,942.20

0.00 0.00
679,943.43
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
958,417.10

0.00 0.00
958,448.56
10,624.00

0.00 14,464.00
3,840.00

31.45 0.00

31.45 3,871.45
3,871.45
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,060,000.00
1,059,826.31

0.00 0.00
1,059,831.29
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
1,274,253.81

0.00 0.00
1,273,710.16
7,427.08

0.00 12,270.83
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
1,250,439.74

0.00 0.00
1,250,428.50
5,894.10

0.00 10,946.18
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
504,888.12

0.00 0.00
504,898.26
1,661.59

0.00 3,828.88
2,167.29

10.14 0.00

3.25 06/09/2028
07/24/2023
07/25/2023
2,000,000.00
1,956,540.57

0.00 0.00
1,957,912.51
20,222.22

0.00 25,638.89
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
7,750.00

0.00 11,500.00
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
2,039,801.71

0.00 0.00
2,038,741.70
29,819.44

0.00 37,736.11
7,916.67

0.00 (1,060.01)
(1,060.01)
6,856.66
6,856.66
3133EPDJ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
03/27/2023
03/28/2023
2,000,000.00
2,020,002.50

0.00 0.00
2,019,134.04
3,888.89

0.00 11,180.56
7,291.67

0.00 (868.46)
(868.46)
6,423.21
6,423.21
3133ERDH1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
04/30/2029
04/29/2024
04/30/2024
2,100,000.00
2,103,051.34

0.00 0.00
2,102,978.96
41,839.58
49,875.00
277.08
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

0.00 8,050,000.00

0.00 (8,050,000.00)

0.00 20,527.50
24,150.00

0.00 3,622.50

0.00 0.00

0.00 3,622.50
3,622.50
3137FPJG1 FHMS K-099 A2 2.595
09/25/2029
06/11/2025
06/16/2025
1,140,000.00
1,071,262.37

0.00 0.00
1,072,751.45
2,465.25
2,465.25
2,465.25
2,465.25
1,489.08

0.00 1,489.08
3,954.33
3,954.33
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030
06/12/2025
06/17/2025
1,500,000.00
1,374,393.58

0.00 0.00
1,376,900.85
2,586.25
2,586.25
2,586.25
2,586.25
2,507.28

0.00 2,507.28
5,093.53
5,093.53
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028
02/05/2025
02/12/2025
430,000.00
429,959.88

0.00 0.00
429,961.30
612.27
1,669.83
612.27
1,669.83

1.42 0.00

0.00 0.00
985,442.01
1,378.45
3,759.41
1,378.45
3,759.41

0.23 (23.35)
(23.12)
3,736.29
3,736.29
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029
11/26/2024
11/27/2024
1,300,000.00
1,277,166.22

0.00 0.00
1,277,652.38
754.54

0.00 5,281.79
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
1,246,999.98

0.00 0.00
1,247,068.21
15,833.33

0.00 20,781.25
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
269,494.24
288,812.32

0.00 (19,348.04)
269,467.16
454.93
1,364.78
424.45
1,334.31

2.88 0.00

2.88 1,337.19
1,337.19
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029
08/09/2024
08/21/2024
630,000.00
629,925.05

0.00 0.00
629,926.88
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
794,978.89

0.00 0.00
794,979.34
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
69,275.14
80,571.91

0.00 (11,302.37)
69,270.59
112.81
338.43

96.99 322.61

1.05 0.00

1.05 323.65
323.65
44934QAD3 HART 2024-B A3 4.84
03/15/2029
07/16/2024
07/24/2024
285,000.00
284,968.00

0.00 0.00
284,968.79
613.07
1,149.50
613.07
1,149.50

0.79 0.00

0.79 1,150.29
1,150.29
44935CAD3 HART 2025-A A3 4.32
10/15/2029
03/04/2025
03/12/2025
635,000.00
634,917.67

0.00 0.00
634,919.40
1,219.20
2,286.00
1,219.20
2,286.00

1.73 0.00

0.00 0.00
329,975.29
664.40
1,245.75
664.40
1,245.75

0.85 0.00

0.85 1,246.60
1,246.60
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
07/24/2023
07/26/2023
2,000,000.00
1,965,502.32

0.00 0.00
1,966,555.94
15,361.11

0.00 21,194.44
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
632,975.14

0.00 0.00
633,013.63
800.36

0.00 2,983.18
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
509,927.37

0.00 0.00
509,929.16
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
199,933.93
225,165.89

0.00 (25,250.45)
199,918.16
501.41
940.14
445.19
883.92

2.73 0.00

2.73 886.65
886.65
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
500,000.00
499,972.44

0.00 0.00
499,973.03
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
703,805.26

0.00 0.00
703,831.47
3,865.75

0.00 6,333.25
2,467.50

26.21 0.00

26.21 2,493.71
2,493.71
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,200,000.00
1,202,222.00

0.00 0.00
1,202,177.90
13,365.00

0.00 18,315.00
4,950.00

8.15 (52.25)
(44.10)
4,905.90
4,905.90
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029
05/14/2025
05/21/2025
530,000.00
529,941.42

0.00 0.00
529,942.82
1,085.91
2,036.08
1,085.91
2,036.08

1.40 0.00

0.00 0.00
1,258,146.34
18,843.75

0.00 23,062.50
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
818,555.95

0.00 0.00
818,584.62
9,152.11

0.00 12,500.44
3,348.33

28.68 0.00

28.68 3,377.01
3,377.01
62479MBH5 MUFG Bank, Ltd., New York
Branch 02/17/2026
05/23/2025
05/27/2025
2,000,000.00
1,967,026.11

0.00 0.00
1,974,380.00

0.00 0.00

0.00 0.00
7,353.89

0.00 7,353.89
7,353.89
7,353.89
63743HFF4

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.45 10/30/2025
10/20/2022
10/31/2022

0.00 494,982.43

0.00 (495,000.00)

0.00 11,315.56
13,488.75

0.00 2,173.19

17.57 0.00

17.57 2,190.75
2,190.75
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029
12/02/2024
12/05/2024
830,000.00
829,604.63

0.00 0.00
829,612.66
12,302.44

0.00 15,484.11
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
1,196,341.87

0.00 0.00
1,196,434.98
9,353.33

0.00 13,953.33
4,600.00

93.11 0.00

93.11 4,693.11
4,693.11
713448FL7 PEPSICO INC 3.6 02/18/2028
03/27/2024
03/28/2024
1,500,000.00
1,471,082.59

0.00 0.00
1,472,112.99
6,450.00

0.00 10,950.00
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
194,986.04

0.00 0.00
194,989.25
1,183.00

0.00 1,922.38
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
379,962.09

0.00 0.00
379,964.99
7,627.71

0.00 9,250.63
1,622.92

2.90 0.00

0.00 0.00
999,077.79
10,752.78

0.00 14,836.11
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
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

0.00 5,000,209.26

0.00 (5,000,000.00)

0.00 18,333.33
20,000.00

0.00 1,666.67

0.00 (209.26)
(209.26)
1,457.40
1,457.40
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026
02/13/2023
02/21/2023
470,000.00
469,959.53

0.00 0.00
469,968.30
2,480.56

0.00 4,340.97
1,860.42

8.77 0.00

8.77 1,869.19
1,869.19
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
09/30/2021
09/30/2021
3,000,000.00
2,996,122.16

0.00 0.00
2,996,452.42

72.12 0.00
2,307.69
2,235.58
330.26

0.00 330.26
2,565.83
2,565.83
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
10/30/2024
10/31/2024
2,000,000.00
1,931,259.74

0.00 0.00
1,932,749.91
5,352.21

0.00 10,704.42
5,352.21
1,490.17

0.00 1,490.17
6,842.38
6,842.38
91282CFL0 UNITED STATES TREASURY

3.875 09/30/2029
10/30/2024
10/31/2024
2,200,000.00
2,181,966.06

0.00 0.00
2,182,348.97
234.20

0.00 7,494.51
7,260.30
382.91

0.00 382.91
7,643.21
7,643.21
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029
04/29/2025
04/30/2025
2,500,000.00
2,521,331.87

0.00 0.00
2,520,888.35
41,847.83
50,000.00
276.24
8,428.42

0.00 (443.52)
(443.52)
7,984.90
7,984.90
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00
2,697,476.84

0.00 0.00
2,697,525.40
9,248.62

0.00 18,497.24
9,248.62

48.55 0.00

3.625 03/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,482,322.04

0.00 0.00
2,482,655.79
248.97

0.00 7,967.03
7,718.06
333.75

0.00 333.75
8,051.81
8,051.81
91282CHF1 UNITED STATES TREASURY

3.75 05/31/2030 2,600,000.00
2,589,573.45

0.00 0.00
2,589,763.24
32,766.39

0.00 41,024.59
8,258.20
201.57
(11.78)
189.80
8,447.99
8,447.99
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
03/27/2024
03/28/2024
2,200,000.00
2,204,585.66

0.00 0.00
2,204,471.57
8,006.91

0.00 16,013.81
8,006.91

0.00 (114.09)
(114.09)
7,892.82
7,892.82
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
05/28/2024
05/29/2024
2,200,000.00
2,171,927.86

0.00 0.00
2,172,609.33
249.31

0.00 7,978.02
7,728.71
681.47

0.00 681.47
8,410.18
8,410.18
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029 2,000,000.00
2,032,244.37

0.00 0.00
2,031,479.59
38,709.24
46,250.00
255.52
7,796.29

0.00 (764.79)
(764.79)
7,031.50
7,031.50
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/13/2024
06/14/2024
2,200,000.00
2,218,148.75

0.00 0.00
2,217,728.26
33,270.49

0.00 41,655.74
8,385.25

0.00 (420.49)
(420.49)
7,964.76
7,964.76
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
09/26/2024
09/27/2024
2,000,000.00
2,030,477.01

0.00 0.00
2,029,801.68
13,478.26

0.00 20,217.39
6,739.13

0.00 (675.33)
(675.33)
6,063.80
6,063.80
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/27/2024
12/30/2024
2,400,000.00
2,371,258.94

0.00 0.00
2,371,844.72
33,270.49

0.00 41,655.74
8,385.25
585.78

0.00 585.78
8,971.03
8,971.03
91282CMG3 UNITED STATES TREASURY

4.25 01/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,546,012.06

0.00 0.00
2,545,111.00
17,900.82

0.00 26,851.22
8,950.41

3.875 04/30/2030
05/29/2025
05/30/2025
2,700,000.00
2,682,817.29

0.00 0.00
2,683,135.87
43,783.29
52,312.50
289.02
8,818.23
318.58

0.00 318.58
9,136.81
9,136.81
91282CNX5 UNITED STATES TREASURY

3.625 08/31/2030
09/29/2025
09/29/2025
2,400,000.00
2,387,638.77

0.00 0.00
2,387,852.25
7,450.28

0.00 14,900.55
7,450.28
213.48

0.00 213.48
7,663.76
7,663.76
91324PEU2 UNITEDHEALTH GROUP INC

4.25 01/15/2029
05/28/2024
05/29/2024
1,000,000.00
976,684.61

0.00 0.00
977,285.92
8,972.22

0.00 12,513.89
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
559,932.44

0.00 0.00
559,933.86
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 93,003,271.98
106,236,912.79

0.00 (13,611,325.15)
92,641,645.06
646,814.26
304,998.09
638,553.36
296,737.19
22,510.28
(6,452.85)
16,057.42
312,794.61 312,794.61
TOTAL PORTFOLIO 107,186,837.77
106,498,015.94
13,917,448.62
(13,617,834.51)
106,825,210.85
646,814.26
306,123.47
638,553.36
297,862.57
22,510.28
(6,452.85)
16,057.42
313,919.99 313,919.99
483
CONFIDENTIAL | 23
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 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 199,933.93 JDOT 2023 A3 5.01 11/15/2027 837.05 837.05 11/17/2025 Principal Paydown 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 27,319.29 27,319.29 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 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 3,759.42 3,759.42 11/21/2025 Coupon 438123AC5 269,494.24 HAROT 2023-4 A3 5.67 06/21/2028 1,298.40 1,298.40 11/21/2025 Principal Paydown 438123AC5 269,494.24 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 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 311.53 311.53 11/21/2025 Principal Paydown 43815JAC7 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 9,882.75 9,882.75 11/25/2025 Coupon 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 453.87 453.87 11/25/2025 Principal Paydown 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 8,344.74 8,344.74 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 63,196.08 83,727.97 146,924.05
484
CONFIDENTIAL | 24
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 DECEMBER 2025
12/01/2025 Coupon 91282CHF1 2,600,000.00 UNITED STATES TREASURY 3.75 05/31/2030 48,750.00 48,750.00 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 199,933.93 JDOT 2023 A3 5.01 11/15/2027 722.99 722.99 12/15/2025 Principal Paydown 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 18,352.18 18,352.18 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 05/22/2028 3,759.42 3,759.42 12/22/2025 Coupon 438123AC5 269,494.24 HAROT 2023-4 A3 5.67 06/21/2028 1,215.01 1,215.01 12/22/2025 Principal Paydown 438123AC5 269,494.24 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 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 270.02 270.02 12/22/2025 Principal Paydown 43815JAC7 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 9,435.88 9,435.88 12/25/2025 Coupon 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 415.83 415.83 12/25/2025 Principal Paydown 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 7,941.16 7,941.16 12/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 485
CONFIDENTIAL | 25
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/25/2025 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 52,467.68 324,928.48 377,396.16
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 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 199,933.93 JDOT 2023 A3 5.01 11/15/2027 646.37 646.37 01/15/2026 Principal Paydown 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 20,841.18 20,841.18 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 23,900.00 486
CONFIDENTIAL | 26
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 01/20/2026 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 3,759.42 3,759.42 01/21/2026 Coupon 438123AC5 269,494.24 HAROT 2023-4 A3 5.67 06/21/2028 1,135.92 1,135.92 01/21/2026 Principal Paydown 438123AC5 269,494.24 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 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 230.39 230.39 01/21/2026 Principal Paydown 43815JAC7 69,275.14 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 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 379.63 379.63 01/26/2026 Principal Paydown 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 7,772.77 7,772.77 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 21,760.52 21,760.52 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 741,004.43 261,148.40 1,002,152.83
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 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 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 199,933.93 JDOT 2023 A3 5.01 11/15/2027 559.36 559.36 487
CONFIDENTIAL | 27
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 02/16/2026 Principal Paydown 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 13,779.45 13,779.45 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 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 3,759.42 3,759.42 02/23/2026 Coupon 438123AC5 269,494.24 HAROT 2023-4 A3 5.67 06/21/2028 1,058.43 1,058.43 02/23/2026 Principal Paydown 438123AC5 269,494.24 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 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 191.63 191.63 02/23/2026 Principal Paydown 43815JAC7 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 9,056.71 9,056.71 02/25/2026 Coupon 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 344.20 344.20 02/25/2026 Principal Paydown 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 7,667.44 7,667.44 02/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,848.57 1,848.57 02/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 24,826.79 24,826.79 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 5,071,472.60 280,241.81 5,351,714.41
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 54,000.00 488
CONFIDENTIAL | 28
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 03/02/2026 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 03/02/2026 Coupon 91282CNX5 2,400,000.00 UNITED STATES TREASURY 3.625 08/31/2030 43,500.00 43,500.00 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

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 Coupon 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 501.83 501.83 03/16/2026 Principal Paydown 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 12,294.93 12,294.93 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 05/22/2028 3,759.42 3,759.42 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 269,494.24 HAROT 2023-4 A3 5.67 06/21/2028 982.15 982.15 03/23/2026 Principal Paydown 438123AC5 269,494.24 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 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 153.59 153.59 03/23/2026 Principal Paydown 43815JAC7 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 8,792.64 8,792.64 03/25/2026 Coupon 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 309.25 309.25 03/25/2026 Principal Paydown 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 7,473.11 7,473.11 03/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,741.40 1,741.40 489
CONFIDENTIAL | 29
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 03/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 24,151.70 24,151.70 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 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 March 2026 Total 68,372.54 519,118.27 587,490.81
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 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 230.21 230.21 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 2,210.00 2,210.00 04/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 33,410.79 33,410.79 04/15/2026 Coupon 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 450.50 450.50 04/15/2026 Principal Paydown 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 14,948.22 14,948.22 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 3,759.42 3,759.42 04/21/2026 Coupon 438123AC5 269,494.24 HAROT 2023-4 A3 5.67 06/21/2028 908.16 908.16 04/21/2026 Principal Paydown 438123AC5 269,494.24 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 2,399.25 490
CONFIDENTIAL | 30
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 04/21/2026 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 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 116.66 116.66 04/21/2026 Principal Paydown 43815JAC7 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 8,875.13 8,875.13 04/27/2026 Coupon 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 275.18 275.18 04/27/2026 Principal Paydown 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 7,647.71 7,647.71 04/27/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,637.14 1,637.14 04/27/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 24,223.50 24,223.50 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 123,666.17 245,659.77 369,325.94
MAY 2026
05/11/2026 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 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 1,148.57 1,148.57 05/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 16,289.92 16,289.92 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 2,065.22 2,065.22 05/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 32,404.69 32,404.69 05/15/2026 Coupon 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 388.09 388.09 05/15/2026 Principal Paydown 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 14,867.62 14,867.62 491
CONFIDENTIAL | 31
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 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 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 3,759.42 3,759.42 05/21/2026 Coupon 438123AC5 269,494.24 HAROT 2023-4 A3 5.67 06/21/2028 832.36 832.36 05/21/2026 Principal Paydown 438123AC5 269,494.24 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 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 79.39 79.39 05/21/2026 Principal Paydown 43815JAC7 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 8,556.61 8,556.61 05/25/2026 Coupon 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 240.32 240.32 05/25/2026 Principal Paydown 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 6,757.09 6,757.09 05/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,532.58 1,532.58 05/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 23,334.66 23,334.66 05/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 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 505,174.73 81,742.01 586,916.74
JUNE 2026
06/01/2026 Coupon 91282CHF1 2,600,000.00 UNITED STATES TREASURY 3.75 05/31/2030 48,750.00 48,750.00 06/01/2026 Coupon 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 06/01/2026 Coupon 91282CMA6 2,400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 06/05/2026 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
06/08/2026 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 06/09/2026 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 06/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 06/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 06/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 492
CONFIDENTIAL | 32
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 06/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,082.87 1,082.87 06/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 15,953.31 15,953.31 06/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 06/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 06/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 1,924.80 1,924.80 06/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 20,660.47 20,660.47 06/15/2026 Coupon 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 326.02 326.02 06/15/2026 Principal Paydown 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 13,006.20 13,006.20 06/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 06/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 06/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 06/22/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 06/22/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 06/22/2026 Coupon 438123AC5 269,494.24 HAROT 2023-4 A3 5.67 06/21/2028 759.39 759.39 06/22/2026 Principal Paydown 438123AC5 269,494.24 HAROT 2023-4 A3 5.67 06/21/2028 12,840.91 12,840.91 06/22/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,186.71 2,186.71 06/22/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 36,833.76 36,833.76 06/22/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 06/22/2026 Coupon 43815JAC7 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 43.45 43.45 06/22/2026 Principal Paydown 43815JAC7 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 8,353.05 8,353.05 06/25/2026 Coupon 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 209.52 209.52 06/25/2026 Principal Paydown 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 6,640.83 6,640.83 06/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,431.85 1,431.85 06/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 21,606.16 21,606.16 06/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 06/25/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 06/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 06/25/2026 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 June 2026 Total 135,894.68 321,147.57 457,042.24
JULY 2026
07/08/2026 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
493
CONFIDENTIAL | 33
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 07/09/2026 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
07/10/2026 Coupon 57629TBV8 1,200,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 29,700.00 29,700.00
07/13/2026 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
07/13/2026 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 07/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 07/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 07/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 07/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,018.52 1,018.52 07/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 15,673.33 15,673.33 07/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 07/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 07/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 1,835.27 1,835.27 07/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 22,947.49 22,947.49 07/15/2026 Coupon 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 271.72 271.72 07/15/2026 Principal Paydown 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 13,466.95 13,466.95 07/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 07/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 07/15/2026 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 07/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 07/20/2026 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 07/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 07/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 13,436.97 13,436.97 07/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 07/21/2026 Coupon 438123AC5 269,494.24 HAROT 2023-4 A3 5.67 06/21/2028 698.72 698.72 07/21/2026 Principal Paydown 438123AC5 269,494.24 HAROT 2023-4 A3 5.67 06/21/2028 12,565.69 12,565.69 07/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,046.43 2,046.43 07/21/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 36,059.58 36,059.58 07/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 07/21/2026 Coupon 43815JAC7 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 8.37 8.37 494
CONFIDENTIAL | 34
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 07/21/2026 Effective Maturity 43815JAC7 69,275.14 HAROT 2023-1 A3 5.04 04/21/2027 1,992.11 1,992.11 07/27/2026 Coupon 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 179.25 179.25 07/27/2026 Principal Paydown 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 6,495.26 6,495.26 07/27/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,338.58 1,338.58 07/27/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 21,161.88 21,161.88 07/27/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 07/27/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 07/27/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 07/29/2026 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 07/29/2026 Final Maturity 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 5,000,000.00 5,000,000.00 07/31/2026 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 07/31/2026 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 07/31/2026 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 July 2026 Total 5,143,799.25 364,757.32 5,508,556.58
AUGUST 2026
08/14/2026 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 08/17/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 08/17/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 08/17/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 08/17/2026 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 08/17/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 955.31 955.31 08/17/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 15,236.76 15,236.76 08/17/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 08/17/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 08/17/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 1,735.83 1,735.83 08/17/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 23,710.50 23,710.50 08/17/2026 Coupon 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 215.49 215.49 08/17/2026 Principal Paydown 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 12,513.12 12,513.12 08/17/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 08/17/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 08/17/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 08/18/2026 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 495
CONFIDENTIAL | 35
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 08/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,617.65 1,617.65 08/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 49,983.35 49,983.35 08/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 08/21/2026 Coupon 438123AC5 269,494.24 HAROT 2023-4 A3 5.67 06/21/2028 639.35 639.35 08/21/2026 Principal Paydown 438123AC5 269,494.24 HAROT 2023-4 A3 5.67 06/21/2028 12,206.71 12,206.71 08/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 1,909.10 1,909.10 08/21/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 35,014.90 35,014.90 08/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 08/25/2026 Coupon 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 149.64 149.64 08/25/2026 Principal Paydown 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 5,957.62 5,957.62 08/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,247.24 1,247.24 08/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 20,614.00 20,614.00 08/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 08/25/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 08/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 08/26/2026 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 08/28/2026 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 08/31/2026 Coupon 91282CFJ5 2,000,000.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 08/31/2026 Coupon 91282CGQ8 2,700,000.00 UNITED STATES TREASURY 4.0 02/28/2030 54,000.00 54,000.00 08/31/2026 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 08/31/2026 Coupon 91282CNX5 2,400,000.00 UNITED STATES TREASURY 3.625 08/31/2030 43,500.00 43,500.00 August 2026 Total 175,236.96 349,279.04 524,516.00
SEPTEMBER 2026
09/08/2026 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 09/08/2026 Final Maturity 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 505,000.00 505,000.00 09/14/2026 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 09/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 09/15/2026 Final Maturity 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 1,055,000.00 1,055,000.00 09/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 09/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 09/15/2026 Effective Maturity 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 1,060,000.00 496
CONFIDENTIAL | 36
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 09/15/2026 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
09/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 893.85 893.85 09/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 14,966.05 14,966.05 09/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 09/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 09/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 1,633.09 1,633.09 09/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 25,788.48 25,788.48 09/15/2026 Coupon 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 163.25 163.25 09/15/2026 Principal Paydown 47800CAC0 199,933.93 JDOT 2023 A3 5.01 11/15/2027 12,100.67 12,100.67 09/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 09/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 09/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 09/21/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,423.55 1,423.55 09/21/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 61,262.26 61,262.26 09/21/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 09/21/2026 Coupon 438123AC5 269,494.24 HAROT 2023-4 A3 5.67 06/21/2028 581.67 581.67 09/21/2026 Principal Paydown 438123AC5 269,494.24 HAROT 2023-4 A3 5.67 06/21/2028 11,940.96 11,940.96 09/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 1,775.76 1,775.76 09/21/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 34,268.55 34,268.55 09/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 09/21/2026 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 15,697.64 15,697.64 09/21/2026 Coupon 459058LR2 635,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 13,096.88 13,096.88
09/25/2026 Coupon 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 122.49 122.49 09/25/2026 Principal Paydown 05592XAD2 99,568.67 BMWOT 2023-A A3 5.47 02/25/2028 5,803.14 5,803.14 09/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,158.25 1,158.25 09/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 20,244.47 20,244.47 09/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 09/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 31,551.45 31,551.45 09/25/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 09/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 497
CONFIDENTIAL | 37
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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 09/28/2026 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
09/30/2026 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 09/30/2026 Final Maturity 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 3,000,000.00 3,000,000.00 09/30/2026 Coupon 91282CFL0 2,200,000.00 UNITED STATES TREASURY 3.875 09/30/2029 42,625.00 42,625.00 09/30/2026 Coupon 91282CGS4 2,500,000.00 UNITED STATES TREASURY 3.625 03/31/2030 45,312.50 45,312.50 09/30/2026 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 September 2026
Total 5,853,623.67 309,689.16 6,163,312.83
Grand Total 328,499,883.00 17,933,908.80 3,141,439.79 21,075,348.59 498
CONFIDENTIAL | 38
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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. 499
CONFIDENTIAL | 39
City of Orange | Account #10888 | As of October 31, 2025 Execution Time: 11/04/2025 07:39:01 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. 500

MONTHLY ACCOUNT STATEMENT
City of Orange | Account #10888 | As of November 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*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (01/01/22)
City of Orange 0.52% 1.19% 5.63% 5.54% 5.54% 4.98% -- -- 2.12% Benchmark Return 0.54% 1.16% 5.53% 5.46% 5.23% 4.44% -- -- 1.95% Average Modified Duration 2.21
Average Coupon 3.70%
Average Purchase YTM 3.90%
Average Market YTM 3.73%
Average Credit Quality* AA+
Average Final Maturity 2.60
Average Life 2.42
End Values as of
10/31/2025
End Values as of
11/30/2025
Market Value 107,692,108.75 108,192,043.12
Accrued Interest 638,553.36 692,593.33
Total Market Value 108,330,662.12 108,884,636.45
Income Earned 313,919.99 166,091.91
Cont/WD 0.00 0.00
Par 107,186,837.77 107,452,289.04
Book Value 106,825,210.85 107,106,385.29
Cost Value 106,683,394.45 106,948,858.45
United States 35.63%
First American Govt Oblig Fund 13.24%
Federal Home Loan Banks 8.28%
Farm Credit System 3.89%
Apple Inc. 2.76%
International Bank for Recon and Dev 2.44%
FHLMC 2.30%
PepsiCo, Inc. 1.92%
**Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index *The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch. 502
CONFIDENTIAL | 3
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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
(07/01/2025)
Beginning Book Value 106,825,210.85 105,399,801.80
Maturities/Calls 0.00 (14,320,000.00)
Principal Paydowns (70,549.99) (301,466.49)
Purchases 165,431.08 20,924,797.38
Sales (6,521.07) (4,878,030.16)
Change in Cash, Payables, Receivables 177,091.26 188,008.88 Amortization/Accretion 15,723.16 81,513.61
Realized Gain (Loss) (0.01) 11,760.27
Ending Book Value 107,106,385.29 107,106,385.29
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 107,692,108.75 105,780,134.31
Maturities/Calls 0.00 (14,320,000.00)
Principal Paydowns (70,549.99) (301,466.49)
Purchases 165,431.08 20,924,797.38
Sales (6,521.07) (4,878,030.16)
Change in Cash, Payables, Receivables 177,091.26 188,008.88 Amortization/Accretion 15,723.16 81,513.61
Change in Net Unrealized Gain (Loss) 218,759.93 705,325.32 Realized Gain (Loss) (0.01) 11,760.27
Ending Market Value 108,192,043.12 108,192,043.12
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (14,320,000.00)
Principal Paydowns
Month to Date (70,549.99)
Fiscal Year to Date (301,466.49)
Purchases
Month to Date 165,431.08
Fiscal Year to Date 20,924,797.38
Sales
Month to Date (6,521.07)
Fiscal Year to Date (4,878,030.16)
Interest Received
Month to Date 96,328.78
Fiscal Year to Date 1,450,128.07
Purchased / Sold Interest
Month to Date 0.00
Fiscal Year to Date 11,209.25
503
CONFIDENTIAL | 4
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 58,470.50 02/16/2023

5.09%
58,459.64
58,466.88
100.25

4.16%
58,613.76

81.86 0.05%
146.88
Aaa/NA
AAA

1.39 0.26
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 169,275.91 02/22/2023

3.39%
169,245.07
169,263.10
100.43

3.96%
170,011.25
376.92

0.16%
748.15
Aaa/NA
AAA

1.96 0.39
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 430,000.00 02/05/2025

4.66%
429,949.26
429,962.68
100.79

3.93%
433,395.71
612.27

0.40%
3,433.03
NA/AAA
AAA

2.23 1.01
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 89,412.35 07/11/2023

5.47%
89,396.51
89,404.67
100.65

3.97%
89,992.37

81.51 0.08%
587.70
NA/AAA
AAA

2.24 0.42
44935DAD1 HALST 2025-B A3 4.53
04/17/2028 330,000.00 04/24/2025

4.53%
329,970.20
329,976.12
100.83

3.97%
332,734.71
664.40

0.31%
2,758.59
NA/AAA
AAA

2.38 1.36
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026 350,000.00 06/07/2023

4.92%
349,968.96
349,995.20
100.39

4.04%
351,362.20
757.56

0.32%
1,367.00
NA/AAA
AAA

0.45 0.44
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 985,000.00 --

4.80%
985,558.36
985,419.64
100.82

3.94%
993,094.73
1,378.45

0.92%
7,675.09
NA/AAA
AAA

2.48 1.20
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 250,563.21 11/01/2023

5.74%
250,519.09
250,538.81
101.10

4.07%
253,307.38
394.64

0.23%
2,768.57
Aaa/NA
AAA

2.56 0.64
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.23%
1,059,706.17
1,059,836.12
100.97

3.95%
1,070,248.08
2,430.93

0.99%
10,411.96
NA/AAA
AAA

2.79 0.76
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2026 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,987.56
101.07

3.89%
1,066,249.47
2,452.29

0.99%
11,261.90
NA/AAA
AAA

0.79 0.76
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 450,000.00 06/04/2024

5.18%
449,931.65
449,953.02
100.94

3.88%
454,221.45
388.50

0.42%
4,268.43
Aaa/AAA
NA

3.24 0.69
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 510,000.00 06/11/2024

5.81%
509,900.30
509,930.89
101.47

3.83%
517,505.16
1,178.67

0.48%
7,574.27
Aaa/NA
AAA

3.29 1.02
44934QAD3 HART 2024-B A3 4.84
03/15/2029 285,000.00 07/16/2024

5.45%
284,956.99
284,969.55
100.93

3.98%
287,645.94
613.07

0.27%
2,676.39
NA/AAA
AAA

3.29 1.02
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 630,000.00 08/09/2024

4.66%
629,901.03
629,928.66
100.62

4.00%
633,918.60
799.75

0.59%
3,989.94
Aaa/NA
AAA

3.30 1.00
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 530,000.00 05/14/2025

4.66%
529,935.39
529,944.18
101.25

3.99%
536,603.27
1,085.91

0.50%
6,659.09
NA/AAA
AAA

3.38 1.85
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,980.19
101.58

3.85%
512,965.87
1,106.51

0.47%
7,985.68
Aaa/AAA
NA

3.45 1.38
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 500,000.00 03/04/2025

5.09%
499,968.55
499,973.60
100.77

3.77%
503,856.00
940.00

0.47%
3,882.40
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
794,979.77
101.06

3.86%
803,436.54
1,009.21

0.74%
8,456.77
NA/AAA
AAA

3.81 1.40
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 680,000.00 02/04/2025

4.56%
679,933.02
679,944.62
100.93

3.84%
686,321.96
516.80

0.63%
6,377.34
Aaa/AAA
NA

3.82 1.22
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 560,000.00 10/17/2024

4.29%
559,916.78
559,935.24
100.89

3.83%
564,996.88
1,067.73

0.52%
5,061.64
Aaa/AAA
NA

3.87 1.77
44935CAD3 HART 2025-A A3 4.32
10/15/2029 635,000.00 03/04/2025

4.84%
634,906.34
634,921.08
100.67

3.90%
639,267.84
1,219.20

0.59%
4,346.76
NA/AAA
AAA

3.87 1.46
Total ABS 10,857,721.98 4.92%
10,857,023.33
10,857,311.57
100.94

3.91%
10,959,749.16
19,156.18

10.13%
102,437.59

2.88 1.12
AGENCY
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

98.11 3.82%
4,905,475.00
15,250.00

4.53%
(94,525.00)
Aa1/AA+
AA+

0.66 0.65
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
2,018,293.60
101.35

3.59%
2,026,928.00
18,472.22

1.87%
8,634.40
Aa1/AA+
AA+

1.79 1.70
3130AEB25 FEDERAL HOME LOAN BANKS

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

4.15%
1,921,180.00
1,959,240.19

99.36 3.52%
1,987,164.00
31,055.56

1.84%
27,923.81
Aa1/AA+
AA+

2.53 2.36
3130AXQK7 FEDERAL HOME LOAN BANKS

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

4.05%
2,060,660.00
2,037,715.89
103.26

3.60%
2,065,148.00
45,652.78

1.91%
27,432.12
Aa1/AA+
AA+

3.02 2.74
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
2,102,908.93
103.82

3.55%
2,180,304.00
8,589.58

2.02%
77,395.07
Aa1/AA+
AA+

3.41 3.13
Total Agency 13,100,000.00 2.96%
13,141,823.00
13,118,158.60
100.55

3.66%
13,165,019.00
119,020.14

12.17%
46,860.40

1.94 1.81

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
1,074,192.49

95.62 3.84%
1,090,057.74
2,465.25

1.01%
15,865.25
Aa1/AA+
AAA

3.82 3.48
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030 1,500,000.00 06/12/2025

4.23%
1,365,820.31
1,379,327.25

93.11 3.88%
1,396,684.50
2,586.25

1.29%
17,357.25
Aa1/AA+
AAA

4.15 3.87
Total Agency CMBS 2,640,000.00 4.26%
2,431,942.97
2,453,519.73

94.21 3.86%
2,486,742.24
5,051.50

2.30%
33,222.51

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CCYUSD Receivable 189,740.02 -- 189,740.02
189,740.02

1.00 0.00%
189,740.02

0.00 0.18%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 189,740.02
189,740.02
189,740.02

1.00 0.00%
189,740.02

0.00 0.18%

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
1,981,496.67

99.12 4.10%
1,982,374.00

0.00 1.83%
877.33
P-1/A-1
NA

0.22 0.21
Total Commercial
Paper 2,000,000.00 4.41%
1,936,898.89
1,981,496.67

99.12 4.10%
1,982,374.00

0.00 1.83%
877.33

0.22 0.21

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

0.70%
2,999,730.00
2,999,989.80

99.40 3.95%
2,981,943.00
6,591.67

2.76%
(18,046.80)
Aaa/AA+
NA

0.19 0.18
713448FQ6 PEPSICO INC 4.55 02/13/2026 195,000.00 02/13/2023

4.57%
194,886.90
194,992.35
100.04

4.30%
195,072.74
2,661.75

0.18%

80.39 A1/A+
NA

0.21 0.12
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026 470,000.00 02/13/2023

4.77%
469,689.80
469,976.79
100.08

4.32%
470,386.34
6,201.39

0.43%
409.55
A3/A-
A-

0.23 0.14
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,908.07
100.92

3.91%
509,663.17
5,996.17

0.47%
4,755.10
A1/A
A+

0.77 0.74
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,967.80
101.10

3.92%
384,181.52
1,136.04

0.36%
4,213.72
A1/A+
NA

0.94 0.83
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027 1,000,000.00 03/30/2023

4.91%
991,550.00
996,615.85
101.28

3.95%
1,012,755.00
10,052.78

0.94%
16,139.15
A2/A-
AA-

1.79 1.61
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
999,112.29
102.10

3.86%
1,020,951.00
18,919.44

0.94%
21,838.71
A1/A
AA-

2.12 1.96
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,230,569.04

99.67 4.82%
1,245,930.00
17,393.89

1.15%
15,360.96
A1/A-
AA-

2.14 1.09
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,473,110.14

99.73 3.73%
1,495,941.00
15,450.00

1.38%
22,830.86
A1/A+
NA

2.22 2.09
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
101.51

3.82%
1,304,384.23
15,057.63

1.21%
19,384.23
Aa3/A
AA-

2.25 2.02
58933YBH7 MERCK & CO INC 4.05
05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,257,874.19
100.71

3.74%
1,258,905.00
1,968.75

1.16%
1,030.81
Aa3/A+
NA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
977,867.84
100.75

3.99%
1,007,500.00
16,055.56

0.93%
29,632.16
A2/A+
A

3.13 2.78
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,196,525.08
102.18

3.86%
1,226,181.60
18,553.33

1.13%
29,656.52
A1/A+
NA

3.17 2.88
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,417.62
102.77

3.93%
1,284,617.50
15,998.26

1.19%
34,199.88
A1/AA-
NA

3.24 2.87
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,247,134.24
102.58

3.97%
1,282,297.50
25,729.17

1.19%
35,163.26
A2/A
A

3.57 3.13
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
703,856.83
101.17

3.86%
713,265.42
8,800.75

0.66%
9,408.59
Aa3/A+
NA

3.70 3.29
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,273,184.05
102.27

3.98%
1,278,327.50
17,114.58

1.18%
5,143.45
A2/A
A

3.71 3.27
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,278,122.86
100.08

4.15%
1,301,072.50
9,809.04

1.20%
22,949.64
Aa1/AA+
NA

3.82 3.47
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,620.43
101.83

4.10%
845,171.57
18,665.78

0.78%
15,551.14
Aa1/AA+
AAA

4.01 3.56
14913UAX8 CATERPILLAR FINANCIAL
SERVICES CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,479.00
103.70

3.82%
995,526.72
18,304.00

0.92%
37,047.72
A2/A
A+

4.11 3.64
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,612.38
102.60

4.20%
841,353.62
15,848.78

0.78%
22,741.24
Aa3/AA-
AA-

4.11 3.63
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,200,000.00 --

4.90%
1,202,338.00
1,202,135.23
102.68

4.23%
1,232,138.40
23,265.00

1.14%
30,003.17
Aa3/AA+
AA+

4.11 3.63
Total Corporate 23,600,000.00 4.20%
23,467,412.00
23,528,071.87
101.23

4.00%
23,887,565.32
289,573.76

22.08%
359,493.45

2.58 2.27

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 14,329,827.04 --

3.62%
14,329,827.04
14,329,827.04

1.00 3.62%
14,329,827.04

0.00 13.24%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 14,329,827.04 3.62%
14,329,827.04
14,329,827.04

1.00 3.62%
14,329,827.04

0.00 13.24%

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
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
1,967,575.58

99.88 3.55%
1,997,562.00
27,027.78

1.85%
29,986.42
Aaa/AAA
NA

2.62 2.44
459058LR2

INTERNATIONAL BANK FOR

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

4.20%
632,733.05
633,050.87
101.97

3.62%
647,526.65
5,165.99

0.60%
14,475.78
Aaa/AAA
NA

4.30 3.89
Total
Supranational 2,635,000.00 4.20%
2,571,113.05
2,600,626.45
100.39

3.57%
2,645,088.65
32,193.77

2.44%
44,462.20

3.03 2.80

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

1.01%
2,980,546.88
2,996,772.02

97.72 3.69%
2,931,615.00
4,471.15

2.71%
(65,157.02)
Aa1/AA+
AA+

0.83 0.81
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,200,000.00 03/27/2024

4.18%
2,206,617.19
2,204,361.16
102.22

3.52%
2,248,899.40
23,762.43

2.08%
44,538.24
Aa1/AA+
AA+

3.25 2.99
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,173,268.82
101.87

3.52%
2,241,164.20
15,457.42

2.07%
67,895.38
Aa1/AA+
AA+

3.33 3.07
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,000,000.00 --

4.13%
2,042,382.82
2,030,739.47
103.51

3.52%
2,070,156.00
7,921.27

1.91%
39,416.53
Aa1/AA+
AA+

3.41 3.14
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,217,321.34
103.17

3.53%
2,269,696.00
271.98

2.10%
52,374.66
Aa1/AA+
AA+

3.50 3.22
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 09/26/2024

3.56%
2,038,515.62
2,029,148.13
101.55

3.54%
2,031,094.00
26,739.13

1.88%
1,945.87
Aa1/AA+
AA+

3.67 3.35
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,934,192.01

98.52 3.55%
1,970,390.00
15,883.98

1.82%
36,197.99
Aa1/AA+
AA+

3.75 3.47
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.10%
2,177,828.13
2,182,719.53
101.14

3.55%
2,225,179.00
14,520.60

2.06%
42,459.47
Aa1/AA+
AA+

3.83 3.51
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 2,500,000.00 04/29/2025

3.77%
2,523,535.16
2,520,459.14
101.61

3.56%
2,540,137.50
8,563.54

2.35%
19,678.36
Aa1/AA+
AA+

3.92 3.59
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,372,411.61
102.09

3.56%
2,450,061.60
271.98

2.26%
77,649.99
Aa1/AA+
AA+

4.00 3.66
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 2,500,000.00 04/29/2025

3.78%
2,550,488.28
2,544,239.01
102.61

3.57%
2,565,332.50
35,512.91

2.37%
21,093.49
Aa1/AA+
AA+

4.17 3.75
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00 --

4.02%
2,697,195.31
2,697,572.38
101.67

3.57%
2,745,036.00
27,447.51

2.54%
47,463.62
Aa1/AA+
AA+

4.25 3.84
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 2,500,000.00 04/29/2025

3.80%
2,480,664.06
2,482,978.77
100.19

3.58%
2,504,687.50
15,436.13

2.32%
21,708.73
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
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 2,700,000.00 05/29/2025

4.03%
2,681,542.97
2,683,444.17
101.20

3.58%
2,732,378.40
8,959.60

2.53%
48,934.23
Aa1/AA+
AA+

4.41 4.02
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 2,600,000.00 --

3.84%
2,589,183.60
2,589,946.92
100.68

3.59%
2,617,672.20
267.86

2.42%
27,725.28
Aa1/AA+
AA+

4.50 4.11
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 2,400,000.00 09/29/2025

3.74%
2,387,625.00
2,388,058.85
100.10

3.60%
2,402,438.40
22,110.50

2.22%
14,379.55
Aa1/AA+
AA+

4.75 4.29
Total US Treasury 38,100,000.00 3.79%
38,023,078.15
38,047,633.33
101.19

3.57%
38,545,937.70
227,597.98

35.63%
498,304.37

3.73 3.41
Total Portfolio 107,452,289.04 3.90%
106,948,858.45
107,106,385.29

87.43 3.73%
108,192,043.12
692,593.33
100.00%
1,085,657.83

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

ACQUISITIONS
Purchase 11/04/2025 31846V203 11,926.15 FIRST AMER:GVT OBLG Y 1.000 3.69% (11,926.15) 0.00 (11,926.15) 0.00 Purchase 11/10/2025 31846V203 9,737.50 FIRST AMER:GVT OBLG Y 1.000 3.55% (9,737.50) 0.00 (9,737.50) 0.00 Purchase 11/17/2025 31846V203 3,247.75 FIRST AMER:GVT OBLG Y 1.000 3.57% (3,247.75) 0.00 (3,247.75) 0.00 Purchase 11/17/2025 31846V203 78,900.49 FIRST AMER:GVT OBLG Y 1.000 3.57% (78,900.49) 0.00 (78,900.49) 0.00 Purchase 11/20/2025 31846V203 5,429.24 FIRST AMER:GVT OBLG Y 1.000 3.54% (5,429.24) 0.00 (5,429.24) 0.00 Purchase 11/21/2025 31846V203 36,726.85 FIRST AMER:GVT OBLG Y 1.000 3.53% (36,726.85) 0.00 (36,726.85) 0.00 Purchase 11/25/2025 31846V203 2,465.25 FIRST AMER:GVT OBLG Y 1.000 3.57% (2,465.25) 0.00 (2,465.25) 0.00 Purchase 11/25/2025 31846V203 16,997.85 FIRST AMER:GVT OBLG Y 1.000 3.57% (16,997.85) 0.00 (16,997.85) 0.00 Total Purchase 165,431.08 (165,431.08) 0.00 (165,431.08) 0.00 TOTAL
ACQUISITIONS 165,431.08 (165,431.08) 0.00 (165,431.08) 0.00

DISPOSITIONS
Sale 11/12/2025 31846V203 (6,521.07) FIRST AMER:GVT OBLG Y 1.000 3.57% 6,521.07 0.00 6,521.07 0.00 Total Sale (6,521.07) 6,521.07 0.00 6,521.07 0.00
TOTAL
DISPOSITIONS (6,521.07) 6,521.07 0.00 6,521.07 0.00
OTHER

TRANSACTIONS
Coupon 11/01/2025 3137FPJG1 0.00 FHMS K-099 A2 2.595
09/25/2029 4.29% 2,465.25 0.00 2,465.25 0.00
Coupon 11/01/2025 3137FRUT6 0.00 FHMS K-106 A2 2.069
01/25/2030 4.23% 2,586.25 0.00 2,586.25 0.00
Coupon 11/10/2025 713448FW3 0.00 PEPSICO INC 5.125
11/10/2026 5.13% 9,737.50 0.00 9,737.50 0.00
Coupon 11/15/2025 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 11/15/2025 44934QAD3 0.00 HART 2024-B A3 4.84
03/15/2029 5.45% 1,149.50 0.00 1,149.50 0.00
510
CONFIDENTIAL | 11
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 11/15/2025 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 11/15/2025 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 11/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 1,762.50 0.00 1,762.50 0.00
Coupon 11/15/2025 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 11/15/2025 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 11/15/2025 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 11/15/2025 58768YAD7 0.00 MBALT 2025-A A3 4.61
04/16/2029 4.66% 2,036.08 0.00 2,036.08 0.00
Coupon 11/15/2025 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 11/15/2025 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 11/15/2025 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 3.39% 834.72 0.00 834.72 0.00
Coupon 11/17/2025 58933YBH7 0.00 MERCK & CO INC 4.05
05/17/2028 3.76% 25,312.50 0.00 25,312.50 0.00
Coupon 11/20/2025 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.80% 3,759.41 0.00 3,759.41 0.00
Coupon 11/20/2025 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 11/21/2025 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.74% 1,273.36 0.00 1,273.36 0.00
Coupon 11/21/2025 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.09% 290.96 0.00 290.96 0.00
Coupon 11/21/2025 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 11/21/2025 43814VAC1 0.00 HAROT 2025-1 A3 4.57
09/21/2029 4.57% 3,027.62 0.00 3,027.62 0.00
511
CONFIDENTIAL | 12
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 11/25/2025 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.47% 453.87 0.00 453.87 0.00
Coupon 11/25/2025 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 11/25/2025 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 11/30/2025 91282CMA6 0.00 UNITED STATES TREASURY

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

4.5 05/31/2029 4.25% 49,500.00 0.00 49,500.00 0.00
Coupon 11/30/2025 91282CHF1 0.00 UNITED STATES TREASURY

3.75 05/31/2030 3.84% 48,750.00 0.00 48,750.00 0.00
Total Coupon 0.00 231,430.02 0.00 231,430.02 0.00
Custody Fee 11/04/2025 CCYUSD (722.61) Cash 0.00% (722.61) 0.00 (722.61) 0.00 Custody Fee 11/25/2025 CCYUSD (725.08) Cash 0.00% (725.08) 0.00 (725.08) 0.00 Total Custody Fee (1,447.69) (1,447.69) 0.00 (1,447.69) 0.00 Dividend 11/30/2025 31846V203 0.00 FIRST AMER:GVT OBLG Y 3.64% 41,990.02 0.00 41,990.02 0.00 Total Dividend 0.00 41,990.02 0.00 41,990.02 0.00
Management Fee 11/12/2025 CCYUSD (6,521.07) Cash 0.00% (6,521.07) 0.00 (6,521.07) 0.00 Total
Management Fee (6,521.07) (6,521.07) 0.00 (6,521.07) 0.00 Principal Paydown 11/15/2025 47800CAC0 30,658.02 JDOT 2023 A3 5.01 11/15/2027 3.39% 30,658.02 -- 30,658.02 0.00
Principal Paydown 11/21/2025 438123AC5 18,931.03 HAROT 2023-4 A3 5.67 06/21/2028 5.74% 18,931.03 -- 18,931.03 (0.01)
Principal Paydown 11/21/2025 43815JAC7 10,804.63 HAROT 2023-1 A3 5.04 04/21/2027 5.09% 10,804.63 -- 10,804.63 (0.00)
Principal Paydown 11/25/2025 05592XAD2 10,156.31 BMWOT 2023-A A3 5.47 02/25/2028 5.47% 10,156.31 -- 10,156.31 (0.00)
Total Principal
Paydown 70,549.99 70,549.99 -- 70,549.99 (0.01)

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
14,329,827.04
14,170,917.03
165,431.08
(6,521.07)
14,329,827.04

0.00 12,648.76

0.00 0.00

0.00 12,648.76
12,648.76
CCYUSD Receivable
189,740.02
12,648.76

0.00 0.00
189,740.02

0.00 0.00

0.00 Total Cash & Equivalents 14,519,567.06
14,183,565.79
165,431.08
(6,521.07)
14,519,567.06

0.00 12,648.76

0.00 0.00

0.00 12,648.76 12,648.76

FIXED INCOME
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026
06/07/2023
06/14/2023
350,000.00
349,994.33

0.00 0.00
349,995.20
757.56
1,420.42
757.56
1,420.42

0.87 0.00

0.87 1,421.29
1,421.29
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2026
09/12/2023
09/19/2023
1,055,000.00
1,054,986.27

0.00 0.00
1,054,987.56
2,452.29
4,598.04
2,452.29
4,598.04

1.30 0.00

1.30 4,599.34
4,599.34
037833EB2 APPLE INC 0.7 02/08/2026
02/08/2021
02/08/2021
3,000,000.00
2,999,985.36

0.00 0.00
2,999,989.80
4,841.67

0.00 6,591.67
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
504,979.72

0.00 0.00
504,980.19
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
89,412.35
99,559.80

0.00 (10,156.31)
89,404.67

90.77 453.87

81.51 444.61

1.19 0.00

3.824 01/20/2028
06/27/2024
06/28/2024
1,250,000.00
1,229,164.40

0.00 0.00
1,230,569.04
13,410.56

0.00 17,393.89
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
996,460.14

0.00 0.00
996,615.85
6,136.11

0.00 10,052.78
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
449,951.83

0.00 0.00
449,953.02
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
679,943.43

0.00 0.00
679,944.62
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
958,448.56

0.00 0.00
958,479.00
14,464.00

0.00 18,304.00
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
1,059,831.29

0.00 0.00
1,059,836.12
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
1,273,710.16

0.00 0.00
1,273,184.05
12,270.83

0.00 17,114.58
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
1,250,428.50

0.00 0.00
1,250,417.62
10,946.18

0.00 15,998.26
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
504,898.26

0.00 0.00
504,908.07
3,828.88

0.00 5,996.17
2,167.29

9.81 0.00

3.25 06/09/2028
07/24/2023
07/25/2023
2,000,000.00
1,957,912.51

0.00 0.00
1,959,240.19
25,638.89

0.00 31,055.56
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
11,500.00

0.00 15,250.00
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
2,038,741.70

0.00 0.00
2,037,715.89
37,736.11

0.00 45,652.78
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
2,019,134.04

0.00 0.00
2,018,293.60
11,180.56

0.00 18,472.22
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
2,102,978.96

0.00 0.00
2,102,908.93
277.08

0.00 8,589.58
8,312.50

0.00 (70.04)
(70.04)
8,242.46
8,242.46
3137FPJG1 FHMS K-099 A2 2.595
09/25/2029
06/11/2025
06/16/2025
1,140,000.00
1,072,751.45

0.00 0.00
1,074,192.49
2,465.25
2,465.25
2,465.25
2,465.25
1,441.04

0.00 1,441.04
3,906.29
3,906.29
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030
06/12/2025
06/17/2025
1,500,000.00
1,376,900.85

0.00 0.00
1,379,327.25
2,586.25
2,586.25
2,586.25
2,586.25
2,426.40

0.00 2,426.40
5,012.65
5,012.65
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028
02/05/2025
02/12/2025
430,000.00
429,961.30

0.00 0.00
429,962.68
612.27
1,669.83
612.27
1,669.83

1.38 0.00

1.38 1,671.21
1,671.21
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 05/29/2025
985,000.00
985,442.01

0.00 0.00
985,419.64
1,378.45
3,759.41
1,378.45
3,759.41

0.00 0.00
1,278,122.86
5,281.79

0.00 9,809.04
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
1,247,068.21

0.00 0.00
1,247,134.24
20,781.25

0.00 25,729.17
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
250,563.21
269,467.16

0.00 (18,931.04)
250,538.81
424.45
1,273.36
394.64
1,243.54

2.69 0.00

2.69 1,246.23
1,246.23
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029
08/09/2024
08/21/2024
630,000.00
629,926.88

0.00 0.00
629,928.66
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
794,979.34

0.00 0.00
794,979.77
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
58,470.50
69,270.59

0.00 (10,804.63)
58,466.88

96.99 290.96

81.86 275.83

0.92 0.00

0.92 276.76
276.76
44934QAD3 HART 2024-B A3 4.84
03/15/2029
07/16/2024
07/24/2024
285,000.00
284,968.79

0.00 0.00
284,969.55
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
634,919.40

0.00 0.00
634,921.08
1,219.20
2,286.00
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
329,975.29

0.00 0.00
329,976.12
664.40
1,245.75
664.40
1,245.75

0.83 0.00

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
07/24/2023
07/26/2023
2,000,000.00
1,966,555.94

0.00 0.00
1,967,575.58
21,194.44

0.00 27,027.78
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
633,013.63

0.00 0.00
633,050.87
2,983.18

0.00 5,165.99
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
509,929.16

0.00 0.00
509,930.89
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
169,275.91
199,918.16

0.00 (30,658.02)
169,263.10
445.19
834.72
376.92
766.45

2.96 0.00

2.96 769.41
769.41
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
500,000.00
499,973.03

0.00 0.00
499,973.60
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
703,831.47

0.00 0.00
703,856.83
6,333.25

0.00 8,800.75
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
1,202,177.90

0.00 0.00
1,202,135.23
18,315.00

0.00 23,265.00
4,950.00

7.89 (50.56)
(42.68)
4,907.32
4,907.32
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029
05/14/2025
05/21/2025
530,000.00
529,942.82

0.00 0.00
529,944.18
1,085.91
2,036.08
1,085.91
2,036.08

1.36 0.00

1.36 2,037.44
2,037.44
58933YBH7 MERCK & CO INC 4.05
05/17/2028
09/26/2024
09/27/2024
1,250,000.00
1,258,146.34

0.00 0.00
1,257,874.19
23,062.50
25,312.50
1,968.75
4,218.75

0.00 0.00
818,612.38
12,500.44

0.00 15,848.78
3,348.33

27.75 0.00

27.75 3,376.09
3,376.09
62479MBH5 MUFG Bank, Ltd., New York
Branch 02/17/2026
05/23/2025
05/27/2025
2,000,000.00
1,974,380.00

0.00 0.00
1,981,496.67

0.00 0.00

0.00 0.00
7,116.67

0.00 7,116.67
7,116.67
7,116.67
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029
12/02/2024
12/05/2024
830,000.00
829,612.66

0.00 0.00
829,620.43
15,484.11

0.00 18,665.78
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
1,196,434.98

0.00 0.00
1,196,525.08
13,953.33

0.00 18,553.33
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
1,472,112.99

0.00 0.00
1,473,110.14
10,950.00

0.00 15,450.00
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
194,989.25

0.00 0.00
194,992.35
1,922.38

0.00 2,661.75
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
379,964.99

0.00 0.00
379,967.80
9,250.63
9,737.50
1,136.04
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
999,077.79

0.00 0.00
999,112.29
14,836.11

0.00 18,919.44
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
10,200.33

0.00 15,057.63
4,857.30

0.00 0.00

0.00 0.00
469,976.79
4,340.97

0.00 6,201.39
1,860.42

8.49 0.00

8.49 1,868.91
1,868.91
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
09/30/2021
09/30/2021
3,000,000.00
2,996,452.42

0.00 0.00
2,996,772.02
2,307.69

0.00 4,471.15
2,163.46
319.60

0.00 319.60
2,483.06
2,483.06
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
10/30/2024
10/31/2024
2,000,000.00
1,932,749.91

0.00 0.00
1,934,192.01
10,704.42

0.00 15,883.98
5,179.56
1,442.10

0.00 1,442.10
6,621.66
6,621.66
91282CFL0 UNITED STATES TREASURY

3.875 09/30/2029
10/30/2024
10/31/2024
2,200,000.00
2,182,348.97

0.00 0.00
2,182,719.53
7,494.51

0.00 14,520.60
7,026.10
370.56

0.00 370.56
7,396.66
7,396.66
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029
04/29/2025
04/30/2025
2,500,000.00
2,520,888.35

0.00 0.00
2,520,459.14
276.24

0.00 8,563.54
8,287.29

0.00 (429.21)
(429.21)
7,858.08
7,858.08
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00
2,697,525.40

0.00 0.00
2,697,572.38
18,497.24

0.00 27,447.51
8,950.28

46.99 0.00

46.99 8,997.26
8,997.26
91282CGS4 UNITED STATES TREASURY

3.625 03/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,482,655.79

0.00 0.00
2,482,978.77
7,967.03

0.00 15,436.13
7,469.09
322.98

0.00 322.98
7,792.08
7,792.08
91282CHF1 UNITED STATES TREASURY

3.75 05/31/2030 2,600,000.00
2,589,763.24

0.00 0.00
2,589,946.92
41,024.59

0.00 267.86
(40,756.73)
195.07
(11.40)
183.67
(40,573.06)
(40,573.06)
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
03/27/2024
03/28/2024
2,200,000.00
2,204,471.57

0.00 0.00
2,204,361.16
16,013.81

0.00 23,762.43
7,748.62

4.125 03/31/2029
05/28/2024
05/29/2024
2,200,000.00
2,172,609.33

0.00 0.00
2,173,268.82
7,978.02

0.00 15,457.42
7,479.40
659.49

0.00 659.49
8,138.88
8,138.88
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029 2,000,000.00
2,031,479.59

0.00 0.00
2,030,739.47
255.52

0.00 7,921.27
7,665.75

0.00 (740.12)
(740.12)
6,925.63
6,925.63
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/13/2024
06/14/2024
2,200,000.00
2,217,728.26

0.00 0.00
2,217,321.34
41,655.74

0.00 271.98
(41,383.76)

0.00 (406.92)
(406.92)
(41,790.68)
(41,790.68)
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
09/26/2024
09/27/2024
2,000,000.00
2,029,801.68

0.00 0.00
2,029,148.13
20,217.39

0.00 26,739.13
6,521.74

0.00 (653.55)
(653.55)
5,868.19
5,868.19
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/27/2024
12/30/2024
2,400,000.00
2,371,844.72

0.00 0.00
2,372,411.61
41,655.74

0.00 271.98
(41,383.76)
566.88

0.00 566.88
(40,816.88)
(40,816.88)
91282CMG3 UNITED STATES TREASURY

4.25 01/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,545,111.00

0.00 0.00
2,544,239.01
26,851.22

0.00 35,512.91
8,661.68

0.00 (871.99)
(871.99)
7,789.69
7,789.69
91282CMZ1 UNITED STATES TREASURY

3.875 04/30/2030
05/29/2025
05/30/2025
2,700,000.00
2,683,135.87

0.00 0.00
2,683,444.17
289.02

0.00 8,959.60
8,670.58
308.30

0.00 308.30
8,978.88
8,978.88
91282CNX5 UNITED STATES TREASURY

3.625 08/31/2030
09/29/2025
09/29/2025
2,400,000.00
2,387,852.25

0.00 0.00
2,388,058.85
14,900.55

0.00 22,110.50
7,209.94
206.59

0.00 206.59
7,416.54
7,416.54
91324PEU2 UNITEDHEALTH GROUP INC

4.25 01/15/2029
05/28/2024
05/29/2024
1,000,000.00
977,285.92

0.00 0.00
977,867.84
12,513.89

0.00 16,055.56
3,541.67
581.91

0.00 0.00
559,935.24
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 92,932,721.98
92,641,645.06

0.00 (70,550.00)
92,586,818.23
638,553.36
83,680.02
692,593.33
137,719.99
21,765.35
(6,042.19)
15,723.16
153,443.15 153,443.15
TOTAL PORTFOLIO 107,452,289.04
106,825,210.85
165,431.08
(77,071.07)
107,106,385.29
638,553.36
96,328.78
692,593.33
150,368.75
21,765.35
(6,042.19)
15,723.16
166,091.91 166,091.91
521
CONFIDENTIAL | 22
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 DECEMBER 2025
12/01/2025 Coupon 91282CMA6 0.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 12/01/2025 Coupon 91282CKT7 0.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 12/01/2025 Coupon 91282CHF1 0.00 UNITED STATES TREASURY 3.75 05/31/2030 48,750.00 48,750.00 12/01/2025 Dividend 31846V203 0.00 FIRST AMER:GVT OBLG Y 41,990.02 41,990.02 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 169,275.91 JDOT 2023 A3 5.01 11/15/2027 722.99 722.99 12/15/2025 Principal Paydown 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 18,352.18 18,352.18 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 05/22/2028 3,759.42 3,759.42 12/22/2025 Coupon 438123AC5 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 1,215.01 1,215.01 12/22/2025 Principal Paydown 438123AC5 250,563.21 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 58,470.50 HAROT 2023-1 A3 5.04 04/21/2027 270.02 270.02 12/22/2025 Principal Paydown 43815JAC7 58,470.50 HAROT 2023-1 A3 5.04 04/21/2027 9,435.88 9,435.88 12/25/2025 Coupon 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 407.57 407.57 12/25/2025 Principal Paydown 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 7,800.13 7,800.13 522
CONFIDENTIAL | 23
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/25/2025 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,942.50 1,942.50 12/25/2025 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,676.79 2,676.79 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 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 12/26/2025 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 96,993.46 324,920.22 421,913.68
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 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 169,275.91 JDOT 2023 A3 5.01 11/15/2027 646.37 646.37 01/15/2026 Principal Paydown 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 20,841.18 20,841.18 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 21,250.00 523
CONFIDENTIAL | 24
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 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 3,759.42 3,759.42 01/21/2026 Coupon 438123AC5 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 1,135.92 1,135.92 01/21/2026 Principal Paydown 438123AC5 250,563.21 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 58,470.50 HAROT 2023-1 A3 5.04 04/21/2027 230.39 230.39 01/21/2026 Principal Paydown 43815JAC7 58,470.50 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 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 372.02 372.02 01/26/2026 Principal Paydown 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 7,656.12 7,656.12 01/26/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,930.95 1,930.95 01/26/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 24,771.25 24,771.25 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 743,898.51 261,129.23 1,005,027.74
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 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 524
CONFIDENTIAL | 25
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 02/16/2026 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 169,275.91 JDOT 2023 A3 5.01 11/15/2027 559.36 559.36 02/16/2026 Principal Paydown 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 13,779.45 13,779.45 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 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 3,759.42 3,759.42 02/23/2026 Coupon 438123AC5 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 1,058.43 1,058.43 02/23/2026 Principal Paydown 438123AC5 250,563.21 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 58,470.50 HAROT 2023-1 A3 5.04 04/21/2027 191.63 191.63 02/23/2026 Principal Paydown 43815JAC7 58,470.50 HAROT 2023-1 A3 5.04 04/21/2027 9,056.71 9,056.71 02/25/2026 Coupon 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 337.12 337.12 02/25/2026 Principal Paydown 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 7,537.91 7,537.91 02/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,824.02 1,824.02 02/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 24,459.92 24,459.92 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 5,070,976.19 280,210.17 5,351,186.36
MARCH 2026
03/02/2026 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 525
CONFIDENTIAL | 26
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 03/02/2026 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 03/02/2026 Coupon 91282CNX5 2,400,000.00 UNITED STATES TREASURY 3.625 08/31/2030 43,500.00 43,500.00 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

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 Coupon 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 501.83 501.83 03/16/2026 Principal Paydown 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 12,294.93 12,294.93 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 05/22/2028 3,759.42 3,759.42 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 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 982.15 982.15 03/23/2026 Principal Paydown 438123AC5 250,563.21 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 58,470.50 HAROT 2023-1 A3 5.04 04/21/2027 153.59 153.59 03/23/2026 Principal Paydown 43815JAC7 58,470.50 HAROT 2023-1 A3 5.04 04/21/2027 8,792.64 8,792.64 03/25/2026 Coupon 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 302.76 302.76 526
CONFIDENTIAL | 27
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 03/25/2026 Principal Paydown 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 7,351.54 7,351.54 03/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,718.43 1,718.43 03/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 23,843.36 23,843.36 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 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 March 2026 Total 67,942.63 519,088.81 587,031.44
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 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 230.21 230.21 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 2,210.00 2,210.00 04/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 33,410.79 33,410.79 04/15/2026 Coupon 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 450.50 450.50 04/15/2026 Principal Paydown 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 14,948.22 14,948.22 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 3,759.42 3,759.42 04/21/2026 Coupon 438123AC5 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 908.16 908.16 527
CONFIDENTIAL | 28
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 04/21/2026 Principal Paydown 438123AC5 250,563.21 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 58,470.50 HAROT 2023-1 A3 5.04 04/21/2027 116.66 116.66 04/21/2026 Principal Paydown 43815JAC7 58,470.50 HAROT 2023-1 A3 5.04 04/21/2027 8,875.13 8,875.13 04/27/2026 Coupon 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 269.25 269.25 04/27/2026 Principal Paydown 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 7,523.90 7,523.90 04/27/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,615.51 1,615.51 04/27/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 23,912.79 23,912.79 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 123,231.66 245,632.20 368,863.86
MAY 2026
05/11/2026 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 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 1,148.57 1,148.57 05/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 16,289.92 16,289.92 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 2,065.22 2,065.22 05/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 32,404.69 32,404.69 528
CONFIDENTIAL | 29
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 388.09 388.09 05/15/2026 Principal Paydown 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 14,867.62 14,867.62 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 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 3,759.42 3,759.42 05/21/2026 Coupon 438123AC5 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 832.36 832.36 05/21/2026 Principal Paydown 438123AC5 250,563.21 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 58,470.50 HAROT 2023-1 A3 5.04 04/21/2027 79.39 79.39 05/21/2026 Principal Paydown 43815JAC7 58,470.50 HAROT 2023-1 A3 5.04 04/21/2027 8,556.61 8,556.61 05/25/2026 Coupon 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 234.95 234.95 05/25/2026 Principal Paydown 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 6,650.13 6,650.13 05/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,512.28 1,512.28 05/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 23,035.25 23,035.25 05/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 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 504,768.37 81,716.34 586,484.70
JUNE 2026
06/01/2026 Coupon 91282CHF1 2,600,000.00 UNITED STATES TREASURY 3.75 05/31/2030 48,750.00 48,750.00 06/01/2026 Coupon 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 06/01/2026 Coupon 91282CMA6 2,400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 06/05/2026 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
06/08/2026 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 06/09/2026 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 06/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 529
CONFIDENTIAL | 30
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 06/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 06/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 06/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,082.87 1,082.87 06/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 15,953.31 15,953.31 06/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 06/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 06/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 1,924.80 1,924.80 06/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 20,660.47 20,660.47 06/15/2026 Coupon 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 326.02 326.02 06/15/2026 Principal Paydown 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 13,006.20 13,006.20 06/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 06/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 06/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 06/22/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 06/22/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 06/22/2026 Coupon 438123AC5 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 759.39 759.39 06/22/2026 Principal Paydown 438123AC5 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 12,840.91 12,840.91 06/22/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,186.71 2,186.71 06/22/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 36,833.76 36,833.76 06/22/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 06/22/2026 Coupon 43815JAC7 58,470.50 HAROT 2023-1 A3 5.04 04/21/2027 43.45 43.45 06/22/2026 Principal Paydown 43815JAC7 58,470.50 HAROT 2023-1 A3 5.04 04/21/2027 8,353.05 8,353.05 06/25/2026 Coupon 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 204.64 204.64 06/25/2026 Principal Paydown 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 6,535.78 6,535.78 06/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,412.85 1,412.85 06/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 22,686.06 22,686.06 06/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 06/25/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 06/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 06/25/2026 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 June 2026 Total 136,869.53 321,123.68 457,993.21
JULY 2026
530
CONFIDENTIAL | 31
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 07/08/2026 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
07/09/2026 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
07/10/2026 Coupon 57629TBV8 1,200,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 29,700.00 29,700.00
07/13/2026 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
07/13/2026 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 07/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 07/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 07/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 07/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,018.52 1,018.52 07/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 15,673.33 15,673.33 07/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 07/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 07/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 1,835.27 1,835.27 07/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 22,947.49 22,947.49 07/15/2026 Coupon 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 271.72 271.72 07/15/2026 Principal Paydown 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 13,466.95 13,466.95 07/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 07/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 07/15/2026 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 07/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 07/20/2026 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 07/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 07/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 16,092.58 16,092.58 07/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 07/21/2026 Coupon 438123AC5 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 698.72 698.72 07/21/2026 Principal Paydown 438123AC5 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 12,565.69 12,565.69 07/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,046.43 2,046.43 07/21/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 36,059.58 36,059.58 531
CONFIDENTIAL | 32
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 07/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 07/21/2026 Coupon 43815JAC7 58,470.50 HAROT 2023-1 A3 5.04 04/21/2027 8.37 8.37 07/21/2026 Effective Maturity 43815JAC7 58,470.50 HAROT 2023-1 A3 5.04 04/21/2027 1,992.11 1,992.11 07/27/2026 Coupon 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 174.84 174.84 07/27/2026 Principal Paydown 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 6,392.53 6,392.53 07/27/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,314.92 1,314.92 07/27/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 21,074.50 21,074.50 07/27/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 07/27/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 07/27/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 07/29/2026 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 07/29/2026 Final Maturity 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 5,000,000.00 5,000,000.00 07/31/2026 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 07/31/2026 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 07/31/2026 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 July 2026 Total 5,146,264.76 364,729.25 5,510,994.01
AUGUST 2026
08/14/2026 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 08/17/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 08/17/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 08/17/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 08/17/2026 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 08/17/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 955.31 955.31 08/17/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 15,236.76 15,236.76 08/17/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 08/17/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 08/17/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 1,735.83 1,735.83 08/17/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 23,710.50 23,710.50 08/17/2026 Coupon 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 215.49 215.49 08/17/2026 Principal Paydown 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 12,513.12 12,513.12 08/17/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 08/17/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 532
CONFIDENTIAL | 33
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 08/17/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 08/18/2026 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 08/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,607.34 1,607.34 08/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 50,151.27 50,151.27 08/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 08/21/2026 Coupon 438123AC5 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 639.35 639.35 08/21/2026 Principal Paydown 438123AC5 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 12,206.71 12,206.71 08/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 1,909.10 1,909.10 08/21/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 35,014.90 35,014.90 08/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 08/25/2026 Coupon 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 145.70 145.70 08/25/2026 Principal Paydown 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 6,221.74 6,221.74 08/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,223.95 1,223.95 08/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 20,336.54 20,336.54 08/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 08/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 317.35 317.35 08/25/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 08/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 08/26/2026 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 08/28/2026 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 08/31/2026 Coupon 91282CFJ5 2,000,000.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 08/31/2026 Coupon 91282CGQ8 2,700,000.00 UNITED STATES TREASURY 4.0 02/28/2030 54,000.00 54,000.00 08/31/2026 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 08/31/2026 Coupon 91282CNX5 2,400,000.00 UNITED STATES TREASURY 3.625 08/31/2030 43,500.00 43,500.00 August 2026 Total 175,708.90 349,241.50 524,950.40
SEPTEMBER 2026
09/08/2026 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 09/08/2026 Final Maturity 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 505,000.00 505,000.00 09/14/2026 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 09/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 09/15/2026 Final Maturity 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 1,055,000.00 1,055,000.00 09/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 533
CONFIDENTIAL | 34
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 09/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 09/15/2026 Effective Maturity 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 1,060,000.00 09/15/2026 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
09/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 893.85 893.85 09/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 14,966.05 14,966.05 09/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 09/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 09/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 1,633.09 1,633.09 09/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 25,788.48 25,788.48 09/15/2026 Coupon 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 163.25 163.25 09/15/2026 Principal Paydown 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 12,100.67 12,100.67 09/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 09/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 09/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 09/21/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,412.59 1,412.59 09/21/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 61,470.36 61,470.36 09/21/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 09/21/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 9,632.19 9,632.19 09/21/2026 Coupon 438123AC5 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 581.67 581.67 09/21/2026 Principal Paydown 438123AC5 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 11,940.96 11,940.96 09/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 1,775.76 1,775.76 09/21/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 34,268.55 34,268.55 09/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 09/21/2026 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 15,697.64 15,697.64 09/21/2026 Coupon 459058LR2 635,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 13,096.88 13,096.88
09/25/2026 Coupon 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 117.34 117.34 09/25/2026 Principal Paydown 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 5,713.68 5,713.68 09/25/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,136.16 1,136.16 09/25/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 19,972.30 19,972.30 09/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,582.79 2,582.79 534
CONFIDENTIAL | 35
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 38,584.24 38,584.24 09/25/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 09/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 09/28/2026 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
09/30/2026 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 09/30/2026 Final Maturity 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 3,000,000.00 3,000,000.00 09/30/2026 Coupon 91282CFL0 2,200,000.00 UNITED STATES TREASURY 3.875 09/30/2029 42,625.00 42,625.00 09/30/2026 Coupon 91282CGS4 2,500,000.00 UNITED STATES TREASURY 3.625 03/31/2030 45,312.50 45,312.50 09/30/2026 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 September 2026
Total 5,870,135.13 309,649.75 6,179,784.88
OCTOBER 2026
10/13/2026 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 8,114.58 8,114.58 10/13/2026 Effective Maturity 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 380,000.00 380,000.00 10/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 10/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 833.49 833.49 10/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 14,368.54 14,368.54 10/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 10/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 10/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 1,521.34 1,521.34 10/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 24,458.22 24,458.22 10/15/2026 Coupon 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 112.73 112.73 10/15/2026 Principal Paydown 47800CAC0 169,275.91 JDOT 2023 A3 5.01 11/15/2027 14,731.91 14,731.91 10/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 10/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 10/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 10/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,173.88 1,173.88 10/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 61,925.69 61,925.69 10/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,722.65 3,722.65 10/20/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 104,273.98 104,273.98 10/21/2026 Coupon 438123AC5 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 525.25 525.25 535
CONFIDENTIAL | 36
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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 10/21/2026 Principal Paydown 438123AC5 250,563.21 HAROT 2023-4 A3 5.67 06/21/2028 11,506.92 11,506.92 10/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 1,645.25 1,645.25 10/21/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 32,970.33 32,970.33 10/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,967.84 2,967.84 10/21/2026 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 45,456.41 45,456.41 10/26/2026 Coupon 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 91.30 91.30 10/26/2026 Principal Paydown 05592XAD2 89,412.35 BMWOT 2023-A A3 5.47 02/25/2028 4,998.58 4,998.58 10/26/2026 Coupon 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,049.95 1,049.95 10/26/2026 Principal Paydown 096919AD7 450,000.00 BMWOT 2024-A A3 5.18 02/26/2029 18,278.64 18,278.64 10/26/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,436.17 2,436.17 10/26/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 37,103.62 37,103.62 10/26/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 10/26/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 10/30/2026 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
October 2026 Total 750,072.84 90,527.97 840,600.81
Grand Total 325,319,060.57 18,686,861.96 3,147,969.12 21,834,831.09 536
CONFIDENTIAL | 37
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 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. 537
CONFIDENTIAL | 38
City of Orange | Account #10888 | As of November 30, 2025 Execution Time: 12/02/2025 04:07:42 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

MONTHLY ACCOUNT STATEMENT
City of Orange | Account #10888 | As of December 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*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (01/01/22)
City of Orange 0.20% 1.10% 5.84% 5.84% 5.04% 5.00% -- -- 2.13% Benchmark Return 0.19% 1.11% 5.73% 5.73% 4.57% 4.48% -- -- 1.96% Average Modified Duration 2.47
Average Coupon 3.71%
Average Purchase YTM 3.94%
Average Market YTM 3.76%
Average Credit Quality* AA+
Average Final Maturity 2.90
Average Life 2.70
End Values as of
11/30/2025
End Values as of
12/31/2025
Market Value 108,192,043.12 93,737,062.34
Accrued Interest 692,593.33 804,729.18
Total Market Value 108,884,636.45 94,541,791.53
Income Earned 166,091.91 495,220.13
Cont/WD 0.00 (14,519,567.06)
Par 107,452,289.04 93,105,767.16
Book Value 107,106,385.29 92,776,109.26
Cost Value 106,948,858.45 92,602,346.87
United States 41.01%
Federal Home Loan Banks 9.57%
Farm Credit System 4.48%
Apple Inc. 3.19%
International Bank for Recon and Dev 2.82%
FHLMC 2.65%
PepsiCo, Inc. 2.21%
Mitsubishi UFJ Financial Group, Inc. 2.12%
**Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index *The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch. 540
CONFIDENTIAL | 3
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 107,106,385.29 105,399,801.80
Maturities/Calls 0.00 (14,320,000.00)
Principal Paydowns (58,275.33) (359,741.82)
Purchases 425,113.75 21,349,911.13
Sales (14,526,831.08) (19,404,861.24)
Change in Cash, Payables, Receivables (186,529.24) 1,479.64 Amortization/Accretion 16,245.86 97,759.48
Realized Gain (Loss) 0.02 11,760.28
Ending Book Value 92,776,109.26 92,776,109.26
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 108,192,043.12 105,780,134.31
Maturities/Calls 0.00 (14,320,000.00)
Principal Paydowns (58,275.33) (359,741.82)
Purchases 425,113.75 21,349,911.13
Sales (14,526,831.08) (19,404,861.24)
Change in Cash, Payables, Receivables (186,529.24) 1,479.64 Amortization/Accretion 16,245.86 97,759.48
Change in Net Unrealized Gain (Loss) (124,704.75) 580,620.56 Realized Gain (Loss) 0.02 11,760.28
Ending Market Value 93,737,062.34 93,737,062.34
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (14,320,000.00)
Principal Paydowns
Month to Date (58,275.33)
Fiscal Year to Date (359,741.82)
Purchases
Month to Date 425,113.75
Fiscal Year to Date 21,349,911.13
Sales
Month to Date (14,526,831.08)
Fiscal Year to Date (19,404,861.24)
Interest Received
Month to Date 366,838.42
Fiscal Year to Date 1,816,966.49
Purchased / Sold Interest
Month to Date 0.00
Fiscal Year to Date 11,209.25
541
CONFIDENTIAL | 4
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027 48,959.08 02/16/2023

5.09%
48,949.98
48,956.23
100.23

4.16%
49,071.49

68.54 0.05%
115.26
Aaa/NA
AAA

1.30 0.25
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 152,451.57 02/22/2023

3.39%
152,423.80
152,440.54
100.46

4.01%
153,153.00
339.46

0.16%
712.47
Aaa/NA
AAA

1.87 0.43
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 430,000.00 02/05/2025

4.66%
429,949.26
429,964.11
100.82

3.88%
433,521.27
612.27

0.46%
3,557.16
NA/AAA
AAA

2.14 0.98
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 80,641.71 07/11/2023

5.47%
80,627.42
80,635.04
100.60

4.08%
81,128.14

73.52 0.09%
493.10
NA/AAA
AAA

2.15 0.42
44935DAD1 HALST 2025-B A3 4.53
04/17/2028 330,000.00 04/24/2025

4.53%
329,970.20
329,976.97
100.90

3.88%
332,979.90
664.40

0.36%
3,002.93
NA/AAA
AAA

2.30 1.30
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026 350,000.00 06/07/2023

4.92%
349,968.96
349,996.10
100.37

3.90%
351,280.30
757.56

0.37%
1,284.20
NA/AAA
AAA

0.37 0.36
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 985,000.00 --

4.80%
985,558.36
985,396.52
100.90

3.87%
993,839.39
1,378.45

1.06%
8,442.87
NA/AAA
AAA

2.39 1.18
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 233,868.36 11/01/2023

5.74%
233,827.17
233,846.34
101.09

4.09%
236,420.56
368.34

0.25%
2,574.22
Aaa/NA
AAA

2.47 0.64
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.23%
1,059,706.17
1,059,841.10
100.94

3.83%
1,069,975.66
2,430.93

1.14%
10,134.56
NA/AAA
AAA

2.71 0.68
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2026 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,988.90
100.99

3.84%
1,065,405.47
2,452.29

1.14%
10,416.57
NA/AAA
AAA

0.71 0.68
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 443,525.95 06/04/2024

5.18%
443,458.58
443,480.86
100.91

3.98%
447,574.01
382.91

0.48%
4,093.15
Aaa/AAA
NA

3.16 0.73
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 510,000.00 06/11/2024

5.81%
509,900.30
509,932.67
101.43

4.01%
517,269.03
1,178.67

0.55%
7,336.36
Aaa/NA
AAA

3.20 1.14
44934QAD3 HART 2024-B A3 4.84
03/15/2029 285,000.00 07/16/2024

5.45%
284,956.99
284,970.34
101.12

3.83%
288,187.44
613.07

0.31%
3,217.10
NA/AAA
AAA

3.20 1.05
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 630,000.00 08/09/2024

4.66%
629,901.03
629,930.49
100.76

3.84%
634,788.00
799.75

0.68%
4,857.51
Aaa/NA
AAA

3.22 0.97
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 530,000.00 05/14/2025

4.66%
529,935.39
529,945.58
101.32

3.94%
536,988.58
1,085.91

0.57%
7,043.00
NA/AAA
AAA

3.29 1.84
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,980.68
101.57

3.78%
512,911.33
1,106.51

0.55%
7,930.65
Aaa/AAA
NA

3.37 1.30
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 500,000.00 03/04/2025

5.09%
499,968.55
499,974.19
100.75

3.85%
503,730.00
940.00

0.54%
3,755.81
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
794,980.22
101.11

3.88%
803,814.17
1,009.21

0.86%
8,833.94
NA/AAA
AAA

3.72 1.50
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 680,000.00 02/04/2025

4.56%
679,933.02
679,945.85
101.01

3.82%
686,838.76
516.80

0.73%
6,892.91
Aaa/AAA
NA

3.73 1.27
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 560,000.00 10/17/2024

4.29%
559,916.78
559,936.66
100.97

3.76%
565,424.72
1,067.73

0.60%
5,488.06
Aaa/AAA
NA

3.79 1.69
44935CAD3 HART 2025-A A3 4.32
10/15/2029 635,000.00 03/04/2025

4.84%
634,906.34
634,922.81
100.74

3.90%
639,702.18
1,219.20

0.68%
4,779.37
NA/AAA
AAA

3.79 1.61
Total ABS 10,799,446.67 4.92%
10,798,758.32
10,799,042.20
100.97

3.87%
10,904,003.39
19,065.52

11.63%
104,961.19

2.80 1.13
AGENCY
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

98.42 3.70%
4,920,955.00
19,000.00

5.25%
(79,045.00)
Aa1/AA+
AA+

0.57 0.56
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
2,017,425.15
101.42

3.50%
2,028,436.00
25,763.89

2.16%
11,010.85
Aa1/AA+
AA+

1.71 1.61
3130AEB25 FEDERAL HOME LOAN BANKS

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

4.15%
1,921,180.00
1,960,612.13

99.40 3.51%
1,988,096.00
3,972.22

2.12%
27,483.87
Aa1/AA+
AA+

2.44 2.32
3130AXQK7 FEDERAL HOME LOAN BANKS

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

4.05%
2,060,660.00
2,036,655.87
103.05

3.64%
2,061,014.00
6,069.44

2.20%
24,358.13
Aa1/AA+
AA+

2.94 2.72
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
2,102,836.55
103.60

3.59%
2,175,600.00
16,902.08

2.32%
72,763.45
Aa1/AA+
AA+

3.33 3.04
Total Agency 13,100,000.00 2.96%
13,141,823.00
13,117,529.70
100.61

3.62%
13,174,101.00
71,707.64

14.05%
56,571.30

1.86 1.74

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
1,075,681.56

95.51 3.91%
1,088,808.30
2,465.25

1.16%
13,126.74
Aa1/AA+
AAA

3.73 3.40
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030 1,500,000.00 06/12/2025

4.23%
1,365,820.31
1,381,834.52

92.97 3.95%
1,394,583.00
2,586.25

1.49%
12,748.48
Aa1/AA+
AAA

4.07 3.79
Total Agency CMBS 2,640,000.00 4.26%
2,431,942.97
2,457,516.08

94.08 3.93%
2,483,391.30
5,051.50

2.65%
25,875.22

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CCYUSD Receivable 3,210.78 -- 3,210.78
3,210.78

1.00 3,210.78

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 3,210.78
3,210.78
3,210.78

1.00 3,210.78

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
1,988,850.56

99.51 3.86%
1,990,176.00

0.00 2.12%
1,325.44
P-1/A-1
NA

0.13 0.13
Total Commercial
Paper 2,000,000.00 4.41%
1,936,898.89
1,988,850.56

99.51 3.86%
1,990,176.00

0.00 2.12%
1,325.44

0.13 0.13

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

0.70%
2,999,730.00
2,999,994.38

99.68 3.86%
2,990,511.00
8,341.67

3.19%
(9,483.38)
Aaa/AA+
NA

0.11 0.10
713448FQ6 PEPSICO INC 4.55 02/13/2026 195,000.00 02/13/2023

4.57%
194,886.90
194,995.55
100.02

4.28%
195,042.71
3,401.13

0.21%

47.15 A1/A+
NA

0.12 0.03
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026 470,000.00 02/13/2023

4.77%
469,689.80
469,985.57
100.04

4.37%
470,194.58
8,061.81

0.50%
209.01
A3/A-
A-

0.14 0.05
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,918.21
100.90

3.80%
509,520.76
8,163.47

0.54%
4,602.55
A1/A
A+

0.69 0.66
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,970.70
101.05

3.87%
383,972.52
2,758.96

0.41%
4,001.82
A1/A+
NA

0.86 0.75
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027 1,000,000.00 03/30/2023

4.91%
991,550.00
996,776.75
101.30

3.90%
1,012,990.00
13,969.44

1.08%
16,213.25
A2/A-
AA-

1.70 1.53
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
999,147.93
102.00

3.87%
1,019,959.00
23,002.78

1.09%
20,811.07
A1/A
AA-

2.03 1.88
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,232,020.51

99.76 4.76%
1,247,002.50
21,377.22

1.33%
14,981.99
A1/A-
AA-

2.05 1.00
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,474,140.53

99.78 3.71%
1,496,656.50
19,950.00

1.60%
22,515.97
A1/A+
NA

2.13 2.00
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
101.53

3.79%
1,304,708.05
19,914.93

1.39%
19,708.05
Aa3/A
AA-

2.16 1.94
58933YBH7 MERCK & CO INC 4.05
05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,257,592.97
100.72

3.73%
1,259,006.25
6,187.50

1.34%
1,413.28
Aa3/A+
NA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
978,469.15
100.74

3.99%
1,007,377.00
19,597.22

1.07%
28,907.85
A2/A+
A

3.04 2.70
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,196,618.18
101.84

3.96%
1,222,027.20
23,153.33

1.30%
25,409.02
A1/A+
NA

3.08 2.80
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,406.39
102.64

3.95%
1,283,015.00
21,050.35

1.37%
32,608.61
A1/AA-
NA

3.16 2.79
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,247,202.48
102.52

3.97%
1,281,555.00
989.58

1.37%
34,352.52
A2/A
A

3.48 3.12
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
703,883.05
100.97

3.91%
711,832.86
11,268.25

0.76%
7,949.81
Aa3/A+
NA

3.62 3.21
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,272,640.40
102.21

3.99%
1,277,613.75
21,958.33

1.36%
4,973.35
A2/A
A

3.62 3.19
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,278,609.02

99.93 4.20%
1,299,139.40
14,336.29

1.39%
20,530.38
Aa1/AA+
NA

3.74 3.39
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,628.46
101.57

4.16%
843,034.32
2,757.44

0.90%
13,405.86
Aa1/AA+
AAA

3.93 3.55
14913UAX8 CATERPILLAR FINANCIAL
SERVICES CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,510.45
103.35

3.89%
992,187.84
22,144.00

1.06%
33,677.39
A2/A
A+

4.02 3.56
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,641.05
102.32

4.27%
839,007.60
19,197.11

0.90%
20,366.55
Aa3/AA-
AA-

4.02 3.54
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,200,000.00 --

4.90%
1,202,338.00
1,202,091.13
102.38

4.30%
1,228,500.00
28,215.00

1.31%
26,408.87
Aa3/AA+
AA+

4.03 3.54
Total Corporate 23,600,000.00 4.20%
23,467,412.00
23,531,242.86
101.18

4.00%
23,874,853.83
319,795.81

25.47%
343,610.97

2.49 2.19

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 228,109.71 --

3.38%
228,109.71
228,109.71

1.00 3.38%
228,109.71

0.00 0.24%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 228,109.71 3.38%
228,109.71
228,109.71

1.00 3.38%
228,109.71

0.00 0.24%

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
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
1,968,629.20

99.78 3.59%
1,995,670.00
32,861.11

2.13%
27,040.80
Aaa/AAA
NA

2.53 2.36
459058LR2

INTERNATIONAL BANK FOR

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

4.20%
632,733.05
633,089.36
101.49

3.74%
644,449.44
7,348.80

0.69%
11,360.08
Aaa/AAA
NA

4.22 3.80
Total
Supranational 2,635,000.00 4.20%
2,571,113.05
2,601,718.56
100.20

3.63%
2,640,119.44
40,209.91

2.82%
38,400.88

2.94 2.71

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

1.01%
2,980,546.88
2,997,102.27

98.03 3.59%
2,940,804.00
6,706.73

3.14%
(56,298.27)
Aa1/AA+
AA+

0.75 0.73
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,200,000.00 03/27/2024

4.18%
2,206,617.19
2,204,247.07
102.02

3.57%
2,244,514.80
31,769.34

2.39%
40,267.73
Aa1/AA+
AA+

3.16 2.90
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,173,950.29
101.66

3.58%
2,236,438.60
23,186.13

2.39%
62,488.31
Aa1/AA+
AA+

3.25 2.99
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,000,000.00 --

4.13%
2,042,382.82
2,029,974.69
103.23

3.58%
2,064,610.00
15,842.54

2.20%
34,635.31
Aa1/AA+
AA+

3.33 3.05
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,216,900.86
102.88

3.60%
2,263,250.00
8,703.30

2.41%
46,349.14
Aa1/AA+
AA+

3.41 3.13
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 09/26/2024

3.56%
2,038,515.62
2,028,472.80
101.29

3.61%
2,025,860.00
33,478.26

2.16%
(2,612.80)
Aa1/AA+
AA+

3.58 3.26
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,935,682.19

98.31 3.62%
1,966,250.00
21,236.19

2.10%
30,567.81
Aa1/AA+
AA+

3.67 3.38
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.10%
2,177,828.13
2,183,102.44
100.86

3.62%
2,218,992.60
21,780.91

2.37%
35,890.16
Aa1/AA+
AA+

3.75 3.42
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 2,500,000.00 04/29/2025

3.77%
2,523,535.16
2,520,015.62
101.31

3.63%
2,532,715.00
17,127.07

2.70%
12,699.38
Aa1/AA+
AA+

3.83 3.50
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,372,997.39
101.73

3.65%
2,441,438.40
8,703.30

2.60%
68,441.01
Aa1/AA+
AA+

3.91 3.58
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 2,500,000.00 04/29/2025

3.78%
2,550,488.28
2,543,337.95
102.22

3.66%
2,555,567.50
44,463.32

2.73%
12,229.55
Aa1/AA+
AA+

4.08 3.66
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00 --

4.02%
2,697,195.31
2,697,620.93
101.27

3.67%
2,734,381.80
36,696.13

2.92%
36,760.87
Aa1/AA+
AA+

4.16 3.75
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 2,500,000.00 04/29/2025

3.80%
2,480,664.06
2,483,312.52

99.81 3.67%
2,495,312.50
23,154.19

2.66%
11,999.98
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
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 2,700,000.00 05/29/2025

4.03%
2,681,542.97
2,683,762.75
100.78

3.68%
2,721,095.10
17,919.20

2.90%
37,332.35
Aa1/AA+
AA+

4.33 3.93
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 2,600,000.00 --

3.84%
2,589,183.60
2,590,136.71
100.25

3.69%
2,606,398.60
8,571.43

2.78%
16,261.89
Aa1/AA+
AA+

4.41 4.02
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 2,400,000.00 09/29/2025

3.74%
2,387,625.00
2,388,272.33

99.64 3.71%
2,391,468.00
29,560.77

2.55%
3,195.67
Aa1/AA+
AA+

4.67 4.20
Total US Treasury 38,100,000.00 3.78%
38,023,078.15
38,048,888.81
100.91

3.63%
38,439,096.90
348,898.79

41.01%
390,208.09

3.64 3.32
Total Portfolio 93,105,767.16 3.94%
92,602,346.87
92,776,109.26
100.47

3.76%
93,737,062.34
804,729.18
100.00%
960,953.08

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

ACQUISITIONS
Purchase 12/01/2025 31846V203 147,750.00 FIRST AMER:GVT OBLG Y 1.000 3.64% (147,750.00) 0.00 (147,750.00) 0.00 Purchase 12/02/2025 31846V203 41,990.02 FIRST AMER:GVT OBLG Y 1.000 3.64% (41,990.02) 0.00 (41,990.02) 0.00 Purchase 12/05/2025 31846V203 19,090.00 FIRST AMER:GVT OBLG Y 1.000 3.52% (19,090.00) 0.00 (19,090.00) 0.00 Purchase 12/08/2025 31846V203 47,500.00 FIRST AMER:GVT OBLG Y 1.000 3.53% (47,500.00) 0.00 (47,500.00) 0.00 Purchase 12/09/2025 31846V203 32,500.00 FIRST AMER:GVT OBLG Y 1.000 3.52% (32,500.00) 0.00 (32,500.00) 0.00 Purchase 12/15/2025 31846V203 40,207.90 FIRST AMER:GVT OBLG Y 1.000 3.35% (40,207.90) 0.00 (40,207.90) 0.00 Purchase 12/15/2025 31846V203 2,666.17 FIRST AMER:GVT OBLG Y 1.000 3.35% (2,666.17) 0.00 (2,666.17) 0.00 Purchase 12/22/2025 31846V203 3,027.62 FIRST AMER:GVT OBLG Y 1.000 3.33% (3,027.62) 0.00 (3,027.62) 0.00 Purchase 12/22/2025 31846V203 35,464.27 FIRST AMER:GVT OBLG Y 1.000 3.33% (35,464.27) 0.00 (35,464.27) 0.00 Purchase 12/26/2025 31846V203 52,452.52 FIRST AMER:GVT OBLG Y 1.000 3.34% (52,452.52) 0.00 (52,452.52) 0.00 Purchase 12/26/2025 31846V203 2,465.25 FIRST AMER:GVT OBLG Y 1.000 3.34% (2,465.25) 0.00 (2,465.25) 0.00 Total Purchase 425,113.75 (425,113.75) 0.00 (425,113.75) 0.00 TOTAL
ACQUISITIONS 425,113.75 (425,113.75) 0.00 (425,113.75) 0.00

DISPOSITIONS
Sale 12/03/2025 31846V203 (14,519,567.06) FIRST AMER:GVT OBLG Y 1.000 3.59% 14,519,567.06 0.00 14,519,567.06 0.00 Sale 12/05/2025 31846V203 (6,536.92) FIRST AMER:GVT OBLG Y 1.000 3.52% 6,536.92 0.00 6,536.92 0.00 Sale 12/24/2025 31846V203 (727.10) FIRST AMER:GVT OBLG Y 1.000 3.34% 727.10 0.00 727.10 0.00 Total Sale (14,526,831.08) 14,526,831.08 0.00 14,526,831.08 0.00 TOTAL
DISPOSITIONS (14,526,831.08) 14,526,831.08 0.00 14,526,831.08 0.00 OTHER

TRANSACTIONS
Cash Transfer 12/03/2025 CCYUSD (14,519,567.06) Cash 0.00% (14,519,567.06) 0.00 (14,519,567.06) 0.00 Total Cash
Transfer (14,519,567.06) (14,519,567.06) 0.00 (14,519,567.06) 0.00 Coupon 12/01/2025 3137FPJG1 0.00 FHMS K-099 A2 2.595
09/25/2029 4.29% 2,465.25 0.00 2,465.25 0.00
548
CONFIDENTIAL | 11
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 12/01/2025 3137FRUT6 0.00 FHMS K-106 A2 2.069
01/25/2030 4.23% 2,586.25 0.00 2,586.25 0.00
Coupon 12/05/2025 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 12/08/2025 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 12/09/2025 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 12/15/2025 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 12/15/2025 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 12/15/2025 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 12/15/2025 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 12/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 1,762.50 0.00 1,762.50 0.00
Coupon 12/15/2025 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 12/15/2025 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 12/15/2025 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 12/15/2025 58768YAD7 0.00 MBALT 2025-A A3 4.61
04/16/2029 4.66% 2,036.08 0.00 2,036.08 0.00
Coupon 12/15/2025 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 12/15/2025 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 12/15/2025 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 3.39% 706.73 0.00 706.73 0.00
Coupon 12/20/2025 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.80% 3,759.41 0.00 3,759.41 0.00
549
CONFIDENTIAL | 12
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 12/20/2025 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 12/21/2025 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.74% 1,183.91 0.00 1,183.91 0.00
Coupon 12/21/2025 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.09% 245.58 0.00 245.58 0.00
Coupon 12/21/2025 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 12/21/2025 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 12/25/2025 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.47% 407.57 0.00 407.57 0.00
Coupon 12/25/2025 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 12/25/2025 437076DC3 0.00 HOME DEPOT INC 4.75
06/25/2029 4.82% 29,687.50 0.00 29,687.50 0.00
Coupon 12/25/2025 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 0.00 177,098.40 0.00 177,098.40 0.00
Custody Fee 12/24/2025 CCYUSD (727.10) Cash 0.00% (727.10) 0.00 (727.10) 0.00 Total Custody Fee (727.10) (727.10) 0.00 (727.10) 0.00
Dividend 12/31/2025 31846V203 0.00 FIRST AMER:GVT OBLG Y 3.40% 3,210.78 0.00 3,210.78 0.00 Total Dividend 0.00 3,210.78 0.00 3,210.78 0.00
Management Fee 12/05/2025 CCYUSD (6,536.92) Cash 0.00% (6,536.92) 0.00 (6,536.92) 0.00 Total
Management Fee (6,536.92) (6,536.92) 0.00 (6,536.92) 0.00 Principal Paydown 12/15/2025 47800CAC0 16,824.34 JDOT 2023 A3 5.01 11/15/2027 3.39% 16,824.34 -- 16,824.34 (0.00)
Principal Paydown 12/21/2025 438123AC5 16,694.86 HAROT 2023-4 A3 5.67 06/21/2028 5.74% 16,694.86 -- 16,694.86 0.01
Principal Paydown 12/21/2025 43815JAC7 9,511.43 HAROT 2023-1 A3 5.04 04/21/2027 5.09% 9,511.43 -- 9,511.43 0.00
550
CONFIDENTIAL | 13
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Principal Paydown 12/25/2025 05592XAD2 8,770.65 BMWOT 2023-A A3 5.47 02/25/2028 5.47% 8,770.65 -- 8,770.65 0.01
Principal Paydown 12/25/2025 096919AD7 6,474.05 BMWOT 2024-A A3 5.18 02/26/2029 5.18% 6,474.05 -- 6,474.05 0.00
Total Principal
Paydown 58,275.33 58,275.33 -- 58,275.33 0.02

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
228,109.71
14,329,827.04
425,113.75
(14,526,831.08)
228,109.71

0.00 41,990.02

0.00 0.00

0.00 41,990.02
41,990.02
CCYUSD Receivable
3,210.78
189,740.02

0.00 0.00
3,210.78

0.00 0.00

0.00 Total Cash & Equivalents 231,320.49
14,519,567.06
425,113.75
(14,526,831.08)
231,320.49

0.00 41,990.02

0.00 0.00

0.00 41,990.02 41,990.02

FIXED INCOME
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026
06/07/2023
06/14/2023
350,000.00
349,995.20

0.00 0.00
349,996.10
757.56
1,420.42
757.56
1,420.42

0.90 0.00

0.90 1,421.32
1,421.32
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2026
09/12/2023
09/19/2023
1,055,000.00
1,054,987.56

0.00 0.00
1,054,988.90
2,452.29
4,598.04
2,452.29
4,598.04

1.34 0.00

1.34 4,599.38
4,599.38
037833EB2 APPLE INC 0.7 02/08/2026
02/08/2021
02/08/2021
3,000,000.00
2,999,989.80

0.00 0.00
2,999,994.38
6,591.67

0.00 8,341.67
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
504,980.19

0.00 0.00
504,980.68
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
80,641.71
89,404.67

0.00 (8,770.64)
80,635.04

81.51 407.57

73.52 399.57

1.02 0.00

3.824 01/20/2028
06/27/2024
06/28/2024
1,250,000.00
1,230,569.04

0.00 0.00
1,232,020.51
17,393.89

0.00 21,377.22
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
996,615.85

0.00 0.00
996,776.75
10,052.78

0.00 13,969.44
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
443,525.95
449,953.02

0.00 (6,474.05)
443,480.86
388.50
1,942.50
382.91
1,936.91

1.89 0.00

1.89 1,938.80
1,938.80
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029
02/04/2025
02/12/2025
680,000.00
679,944.62

0.00 0.00
679,945.85
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
958,479.00

0.00 0.00
958,510.45
18,304.00

0.00 22,144.00
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
1,059,836.12

0.00 0.00
1,059,841.10
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
1,273,184.05

0.00 0.00
1,272,640.40
17,114.58

0.00 21,958.33
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
1,250,417.62

0.00 0.00
1,250,406.39
15,998.26

0.00 21,050.35
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
504,908.07

0.00 0.00
504,918.21
5,996.17

0.00 8,163.47
2,167.29

10.14 0.00

3.25 06/09/2028
07/24/2023
07/25/2023
2,000,000.00
1,959,240.19

0.00 0.00
1,960,612.13
31,055.56
32,500.00
3,972.22
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
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
2,037,715.89

0.00 0.00
2,036,655.87
45,652.78
47,500.00
6,069.44
7,916.67

0.00 (1,060.01)
(1,060.01)
6,856.66
6,856.66
3133EPDJ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
03/27/2023
03/28/2023
2,000,000.00
2,018,293.60

0.00 0.00
2,017,425.15
18,472.22

0.00 25,763.89
7,291.67

0.00 (868.46)
(868.46)
6,423.21
6,423.21
3133ERDH1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
04/30/2029
04/29/2024
04/30/2024
2,100,000.00
2,102,908.93

0.00 0.00
2,102,836.55
8,589.58

0.00 16,902.08
8,312.50

0.00 (72.37)
(72.37)
8,240.13
8,240.13
3137FPJG1 FHMS K-099 A2 2.595
09/25/2029
06/11/2025
06/16/2025
1,140,000.00
1,074,192.49

0.00 0.00
1,075,681.56
2,465.25
2,465.25
2,465.25
2,465.25
1,489.08

0.00 1,489.08
3,954.33
3,954.33
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030
06/12/2025
06/17/2025
1,500,000.00
1,379,327.25

0.00 0.00
1,381,834.52
2,586.25
2,586.25
2,586.25
2,586.25
2,507.28

0.00 2,507.28
5,093.53
5,093.53
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028
02/05/2025
02/12/2025
430,000.00
429,962.68

0.00 0.00
429,964.11
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
05/22/2028 05/29/2025
985,000.00
985,419.64

0.00 0.00
985,396.52
1,378.45
3,759.41
1,378.45
3,759.41

0.00 0.00
1,278,609.02
9,809.04

0.00 14,336.29
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
1,247,134.24

0.00 0.00
1,247,202.48
25,729.17
29,687.50
989.58
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
233,868.36
250,538.81

0.00 (16,694.85)
233,846.34
394.64
1,183.91
368.34
1,157.62

2.38 0.00

2.38 1,160.00
1,160.00
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029
08/09/2024
08/21/2024
630,000.00
629,928.66

0.00 0.00
629,930.49
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
794,979.77

0.00 0.00
794,980.22
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
48,959.08
58,466.88

0.00 (9,511.43)
48,956.23

81.86 245.58

68.54 232.26

0.78 0.00

0.78 233.04
233.04
44934QAD3 HART 2024-B A3 4.84
03/15/2029
07/16/2024
07/24/2024
285,000.00
284,969.55

0.00 0.00
284,970.34
613.07
1,149.50
613.07
1,149.50

0.79 0.00

0.79 1,150.29
1,150.29
44935CAD3 HART 2025-A A3 4.32
10/15/2029
03/04/2025
03/12/2025
635,000.00
634,921.08

0.00 0.00
634,922.81
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
329,976.12

0.00 0.00
329,976.97
664.40
1,245.75
664.40
1,245.75

0.85 0.00

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
07/24/2023
07/26/2023
2,000,000.00
1,967,575.58

0.00 0.00
1,968,629.20
27,027.78

0.00 32,861.11
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
633,050.87

0.00 0.00
633,089.36
5,165.99

0.00 7,348.80
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
509,930.89

0.00 0.00
509,932.67
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
152,451.57
169,263.10

0.00 (16,824.34)
152,440.54
376.92
706.73
339.46
669.27

1.77 0.00

1.77 671.04
671.04
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
500,000.00
499,973.60

0.00 0.00
499,974.19
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
703,856.83

0.00 0.00
703,883.05
8,800.75

0.00 11,268.25
2,467.50

26.21 0.00

26.21 2,493.71
2,493.71
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,200,000.00
1,202,135.23

0.00 0.00
1,202,091.13
23,265.00

0.00 28,215.00
4,950.00

8.15 (52.25)
(44.10)
4,905.90
4,905.90
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029
05/14/2025
05/21/2025
530,000.00
529,944.18

0.00 0.00
529,945.58
1,085.91
2,036.08
1,085.91
2,036.08

1.40 0.00

1.40 2,037.48
2,037.48
58933YBH7 MERCK & CO INC 4.05
05/17/2028
09/26/2024
09/27/2024
1,250,000.00
1,257,874.19

0.00 0.00
1,257,592.97
1,968.75

0.00 6,187.50
4,218.75

0.00 0.00
818,641.05
15,848.78

0.00 19,197.11
3,348.33

28.68 0.00

28.68 3,377.01
3,377.01
62479MBH5 MUFG Bank, Ltd., New York
Branch 02/17/2026
05/23/2025
05/27/2025
2,000,000.00
1,981,496.67

0.00 0.00
1,988,850.56

0.00 0.00

0.00 0.00
7,353.89

0.00 7,353.89
7,353.89
7,353.89
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029
12/02/2024
12/05/2024
830,000.00
829,620.43

0.00 0.00
829,628.46
18,665.78
19,090.00
2,757.44
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
1,196,525.08

0.00 0.00
1,196,618.18
18,553.33

0.00 23,153.33
4,600.00

93.11 0.00

93.11 4,693.11
4,693.11
713448FL7 PEPSICO INC 3.6 02/18/2028
03/27/2024
03/28/2024
1,500,000.00
1,473,110.14

0.00 0.00
1,474,140.53
15,450.00

0.00 19,950.00
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
194,992.35

0.00 0.00
194,995.55
2,661.75

0.00 3,401.13
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
379,967.80

0.00 0.00
379,970.70
1,136.04

0.00 2,758.96
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
999,112.29

0.00 0.00
999,147.93
18,919.44

0.00 23,002.78
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
15,057.63

0.00 19,914.93
4,857.30

0.00 0.00

0.00 0.00
469,985.57
6,201.39

0.00 8,061.81
1,860.42

8.77 0.00

8.77 1,869.19
1,869.19
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
09/30/2021
09/30/2021
3,000,000.00
2,996,772.02

0.00 0.00
2,997,102.27
4,471.15

0.00 6,706.73
2,235.58
330.26

0.00 330.26
2,565.83
2,565.83
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
10/30/2024
10/31/2024
2,000,000.00
1,934,192.01

0.00 0.00
1,935,682.19
15,883.98

0.00 21,236.19
5,352.21
1,490.17

0.00 1,490.17
6,842.38
6,842.38
91282CFL0 UNITED STATES TREASURY

3.875 09/30/2029
10/30/2024
10/31/2024
2,200,000.00
2,182,719.53

0.00 0.00
2,183,102.44
14,520.60

0.00 21,780.91
7,260.30
382.91

0.00 382.91
7,643.21
7,643.21
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029
04/29/2025
04/30/2025
2,500,000.00
2,520,459.14

0.00 0.00
2,520,015.62
8,563.54

0.00 17,127.07
8,563.54

0.00 (443.52)
(443.52)
8,120.02
8,120.02
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00
2,697,572.38

0.00 0.00
2,697,620.93
27,447.51

0.00 36,696.13
9,248.62

48.55 0.00

48.55 9,297.17
9,297.17
91282CGS4 UNITED STATES TREASURY

3.625 03/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,482,978.77

0.00 0.00
2,483,312.52
15,436.13

0.00 23,154.19
7,718.06
333.75

0.00 333.75
8,051.81
8,051.81
91282CHF1 UNITED STATES TREASURY

3.75 05/31/2030 2,600,000.00
2,589,946.92

0.00 0.00
2,590,136.71
267.86
48,750.00
8,571.43
57,053.57
201.57
(11.78)
189.80
57,243.37
57,243.37
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
03/27/2024
03/28/2024
2,200,000.00
2,204,361.16

0.00 0.00
2,204,247.07
23,762.43

0.00 31,769.34
8,006.91

4.125 03/31/2029
05/28/2024
05/29/2024
2,200,000.00
2,173,268.82

0.00 0.00
2,173,950.29
15,457.42

0.00 23,186.13
7,728.71
681.47

0.00 681.47
8,410.18
8,410.18
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029 2,000,000.00
2,030,739.47

0.00 0.00
2,029,974.69
7,921.27

0.00 15,842.54
7,921.27

0.00 (764.79)
(764.79)
7,156.48
7,156.48
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/13/2024
06/14/2024
2,200,000.00
2,217,321.34

0.00 0.00
2,216,900.86
271.98
49,500.00
8,703.30
57,931.32

0.00 (420.49)
(420.49)
57,510.83
57,510.83
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
09/26/2024
09/27/2024
2,000,000.00
2,029,148.13

0.00 0.00
2,028,472.80
26,739.13

0.00 33,478.26
6,739.13

0.00 (675.33)
(675.33)
6,063.80
6,063.80
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/27/2024
12/30/2024
2,400,000.00
2,372,411.61

0.00 0.00
2,372,997.39
271.98
49,500.00
8,703.30
57,931.32
585.78

0.00 585.78
58,517.10
58,517.10
91282CMG3 UNITED STATES TREASURY

4.25 01/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,544,239.01

0.00 0.00
2,543,337.95
35,512.91

0.00 44,463.32
8,950.41

0.00 (901.06)
(901.06)
8,049.35
8,049.35
91282CMZ1 UNITED STATES TREASURY

3.875 04/30/2030
05/29/2025
05/30/2025
2,700,000.00
2,683,444.17

0.00 0.00
2,683,762.75
8,959.60

0.00 17,919.20
8,959.60
318.58

0.00 318.58
9,278.18
9,278.18
91282CNX5 UNITED STATES TREASURY

3.625 08/31/2030
09/29/2025
09/29/2025
2,400,000.00
2,388,058.85

0.00 0.00
2,388,272.33
22,110.50

0.00 29,560.77
7,450.28
213.48

0.00 213.48
7,663.76
7,663.76
91324PEU2 UNITEDHEALTH GROUP INC

4.25 01/15/2029
05/28/2024
05/29/2024
1,000,000.00
977,867.84

0.00 0.00
978,469.15
16,055.56

0.00 19,597.22
3,541.67
601.31

0.00 0.00
559,936.66
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 92,874,446.67
92,586,818.23

0.00 (58,275.31)
92,544,788.77
692,593.33
324,848.40
804,729.18
436,984.25
22,489.45
(6,243.59)
16,245.86
453,230.11 453,230.11
TOTAL PORTFOLIO 93,105,767.16
107,106,385.29
425,113.75
(14,585,106.39)
92,776,109.26
692,593.33
366,838.42
804,729.18
478,974.27
22,489.45
(6,243.59)
16,245.86
495,220.13 495,220.13
560
CONFIDENTIAL | 23
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JANUARY 2026
01/02/2026 Dividend 31846V203 0.00 FIRST AMER:GVT OBLG Y 3,210.78 3,210.78 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 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 152,451.57 JDOT 2023 A3 5.01 11/15/2027 646.37 646.37 01/15/2026 Principal Paydown 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 20,841.18 20,841.18 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 3,759.42 3,759.42 01/21/2026 Coupon 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 1,105.03 1,105.03 01/21/2026 Principal Paydown 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 15,513.24 15,513.24 561
CONFIDENTIAL | 24
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/21/2026 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 48,959.08 HAROT 2023-1 A3 5.04 04/21/2027 230.39 230.39 01/21/2026 Principal Paydown 43815JAC7 48,959.08 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 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 367.59 367.59 01/26/2026 Principal Paydown 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 7,542.71 7,542.71 01/26/2026 Coupon 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 1,914.55 1,914.55 01/26/2026 Principal Paydown 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 24,495.18 24,495.18 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 745,832.35 261,077.52 1,006,909.87
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 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 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 152,451.57 JDOT 2023 A3 5.01 11/15/2027 559.36 559.36 02/16/2026 Principal Paydown 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 13,779.45 13,779.45 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 1,420.42 562
CONFIDENTIAL | 25
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 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 3,759.42 3,759.42 02/23/2026 Coupon 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 1,031.73 1,031.73 02/23/2026 Principal Paydown 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 15,380.92 15,380.92 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 48,959.08 HAROT 2023-1 A3 5.04 04/21/2027 191.63 191.63 02/23/2026 Principal Paydown 43815JAC7 48,959.08 HAROT 2023-1 A3 5.04 04/21/2027 9,056.71 9,056.71 02/25/2026 Coupon 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 333.21 333.21 02/25/2026 Principal Paydown 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 7,449.57 7,449.57 02/25/2026 Coupon 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 1,808.82 1,808.82 02/25/2026 Principal Paydown 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 24,240.69 24,240.69 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 5,069,907.35 280,164.37 5,350,071.72
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 03/02/2026 Coupon 91282CNX5 2,400,000.00 UNITED STATES TREASURY 3.625 08/31/2030 43,500.00 43,500.00 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 1,420.42 563
CONFIDENTIAL | 26
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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

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 Coupon 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 501.83 501.83 03/16/2026 Principal Paydown 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 12,294.93 12,294.93 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 05/22/2028 3,759.42 3,759.42 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 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 959.05 959.05 03/23/2026 Principal Paydown 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 14,932.88 14,932.88 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 48,959.08 HAROT 2023-1 A3 5.04 04/21/2027 153.59 153.59 03/23/2026 Principal Paydown 43815JAC7 48,959.08 HAROT 2023-1 A3 5.04 04/21/2027 8,792.64 8,792.64 03/25/2026 Coupon 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 299.25 299.25 03/25/2026 Principal Paydown 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 7,250.13 7,250.13 03/25/2026 Coupon 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 1,704.18 1,704.18 03/25/2026 Principal Paydown 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 23,568.94 23,568.94 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 2,586.25 564
CONFIDENTIAL | 27
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 March 2026 Total 66,839.53 519,047.95 585,887.48
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 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 230.21 230.21 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 2,210.00 2,210.00 04/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 33,410.79 33,410.79 04/15/2026 Coupon 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 450.50 450.50 04/15/2026 Principal Paydown 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 14,948.22 14,948.22 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 3,759.42 3,759.42 04/21/2026 Coupon 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 888.50 888.50 04/21/2026 Principal Paydown 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 15,320.56 15,320.56 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 48,959.08 HAROT 2023-1 A3 5.04 04/21/2027 116.66 116.66 04/21/2026 Principal Paydown 43815JAC7 48,959.08 HAROT 2023-1 A3 5.04 04/21/2027 8,875.13 8,875.13 565
CONFIDENTIAL | 28
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/27/2026 Coupon 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 266.20 266.20 04/27/2026 Principal Paydown 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 7,426.76 7,426.76 04/27/2026 Coupon 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 1,602.44 1,602.44 04/27/2026 Principal Paydown 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 23,686.54 23,686.54 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 122,185.41 245,596.42 367,781.83
MAY 2026
05/11/2026 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 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 1,148.57 1,148.57 05/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 16,289.92 16,289.92 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 2,065.22 2,065.22 05/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 32,404.69 32,404.69 05/15/2026 Coupon 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 388.09 388.09 05/15/2026 Principal Paydown 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 14,867.62 14,867.62 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 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 25,312.50 566
CONFIDENTIAL | 29
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 3,759.42 3,759.42 05/21/2026 Coupon 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 816.11 816.11 05/21/2026 Principal Paydown 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 14,758.93 14,758.93 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 48,959.08 HAROT 2023-1 A3 5.04 04/21/2027 79.39 79.39 05/21/2026 Principal Paydown 43815JAC7 48,959.08 HAROT 2023-1 A3 5.04 04/21/2027 8,556.61 8,556.61 05/25/2026 Coupon 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 232.35 232.35 05/25/2026 Principal Paydown 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 6,572.57 6,572.57 05/25/2026 Coupon 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 1,500.19 1,500.19 05/25/2026 Principal Paydown 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 22,817.00 22,817.00 05/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 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 503,790.09 81,685.40 585,475.49
JUNE 2026
06/01/2026 Coupon 91282CHF1 2,600,000.00 UNITED STATES TREASURY 3.75 05/31/2030 48,750.00 48,750.00 06/01/2026 Coupon 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 06/01/2026 Coupon 91282CMA6 2,400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 06/05/2026 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
06/08/2026 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 06/09/2026 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 06/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 06/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 06/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 06/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,082.87 1,082.87 06/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 15,953.31 15,953.31 06/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 06/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 567
CONFIDENTIAL | 30
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 1,924.80 1,924.80 06/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 20,660.47 20,660.47 06/15/2026 Coupon 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 326.02 326.02 06/15/2026 Principal Paydown 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 13,006.20 13,006.20 06/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 06/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 06/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 06/22/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 06/22/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 06/22/2026 Coupon 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 746.37 746.37 06/22/2026 Principal Paydown 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 12,416.46 12,416.46 06/22/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,186.71 2,186.71 06/22/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 36,833.76 36,833.76 06/22/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 06/22/2026 Coupon 43815JAC7 48,959.08 HAROT 2023-1 A3 5.04 04/21/2027 43.45 43.45 06/22/2026 Principal Paydown 43815JAC7 48,959.08 HAROT 2023-1 A3 5.04 04/21/2027 8,353.05 8,353.05 06/25/2026 Coupon 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 202.39 202.39 06/25/2026 Principal Paydown 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 6,459.69 6,459.69 06/25/2026 Coupon 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 1,401.70 1,401.70 06/25/2026 Principal Paydown 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 22,471.18 22,471.18 06/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 06/25/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 06/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 06/25/2026 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 June 2026 Total 136,154.12 321,097.26 457,251.38
JULY 2026
07/08/2026 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
07/09/2026 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
07/10/2026 Coupon 57629TBV8 1,200,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 29,700.00 29,700.00
568
CONFIDENTIAL | 31
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/13/2026 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
07/13/2026 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 07/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 07/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 07/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 07/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,018.52 1,018.52 07/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 15,673.33 15,673.33 07/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 07/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 07/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 1,835.27 1,835.27 07/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 22,947.49 22,947.49 07/15/2026 Coupon 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 271.72 271.72 07/15/2026 Principal Paydown 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 13,466.95 13,466.95 07/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 07/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 07/15/2026 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 07/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 07/20/2026 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 07/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 07/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 14,407.32 14,407.32 07/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 07/21/2026 Coupon 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 687.70 687.70 07/21/2026 Principal Paydown 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 12,141.75 12,141.75 07/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 2,046.43 2,046.43 07/21/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 36,059.58 36,059.58 07/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 07/21/2026 Coupon 43815JAC7 48,959.08 HAROT 2023-1 A3 5.04 04/21/2027 8.37 8.37 07/21/2026 Effective Maturity 43815JAC7 48,959.08 HAROT 2023-1 A3 5.04 04/21/2027 1,992.11 1,992.11 07/27/2026 Coupon 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 172.94 172.94 07/27/2026 Principal Paydown 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 6,318.17 6,318.17 07/27/2026 Coupon 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 1,304.70 1,304.70 569
CONFIDENTIAL | 32
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/27/2026 Principal Paydown 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 21,986.45 21,986.45 07/27/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 07/27/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 07/27/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 07/29/2026 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 07/29/2026 Final Maturity 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 5,000,000.00 5,000,000.00 07/31/2026 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 07/31/2026 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 07/31/2026 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 July 2026 Total 5,144,993.14 364,706.11 5,509,699.25
AUGUST 2026
08/14/2026 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 08/17/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 08/17/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 08/17/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 08/17/2026 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 08/17/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 955.31 955.31 08/17/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 15,236.76 15,236.76 08/17/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 08/17/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 08/17/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 1,735.83 1,735.83 08/17/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 23,710.50 23,710.50 08/17/2026 Coupon 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 215.49 215.49 08/17/2026 Principal Paydown 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 12,513.12 12,513.12 08/17/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 08/17/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 08/17/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 08/18/2026 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 08/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,613.88 1,613.88 08/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 50,279.23 50,279.23 08/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 08/21/2026 Coupon 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 630.33 630.33 570
CONFIDENTIAL | 33
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/21/2026 Principal Paydown 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 11,812.31 11,812.31 08/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 1,909.10 1,909.10 08/21/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 35,014.90 35,014.90 08/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 08/25/2026 Coupon 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 144.14 144.14 08/25/2026 Principal Paydown 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 6,149.25 6,149.25 08/25/2026 Coupon 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 1,209.79 1,209.79 08/25/2026 Principal Paydown 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 20,414.58 20,414.58 08/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 08/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 317.35 317.35 08/25/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 08/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 08/26/2026 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 08/28/2026 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 08/31/2026 Coupon 91282CFJ5 2,000,000.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 08/31/2026 Coupon 91282CGQ8 2,700,000.00 UNITED STATES TREASURY 4.0 02/28/2030 54,000.00 54,000.00 08/31/2026 Coupon 91282CKD2 2,200,000.00 UNITED STATES TREASURY 4.25 02/28/2029 46,750.00 46,750.00 08/31/2026 Coupon 91282CNX5 2,400,000.00 UNITED STATES TREASURY 3.625 08/31/2030 43,500.00 43,500.00 August 2026 Total 175,448.00 349,223.31 524,671.31
SEPTEMBER 2026
09/08/2026 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 09/08/2026 Final Maturity 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 505,000.00 505,000.00 09/14/2026 Coupon 06368LAQ9 1,000,000.00 BANK OF MONTREAL 4.7 09/14/2027 23,500.00 23,500.00 09/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 09/15/2026 Final Maturity 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 1,055,000.00 1,055,000.00 09/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 09/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 09/15/2026 Effective Maturity 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 1,060,000.00 09/15/2026 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
09/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 893.85 893.85 09/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 14,966.05 14,966.05 571
CONFIDENTIAL | 34
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 09/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 09/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 1,633.09 1,633.09 09/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 25,788.48 25,788.48 09/15/2026 Coupon 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 163.25 163.25 09/15/2026 Principal Paydown 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 12,100.67 12,100.67 09/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 09/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 09/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 09/21/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,418.63 1,418.63 09/21/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 61,608.78 61,608.78 09/21/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 09/21/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 9,632.19 9,632.19 09/21/2026 Coupon 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 574.52 574.52 09/21/2026 Principal Paydown 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 11,567.46 11,567.46 09/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 1,775.76 1,775.76 09/21/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 34,268.55 34,268.55 09/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 09/21/2026 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 15,697.64 15,697.64 09/21/2026 Coupon 459058LR2 635,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 13,096.88 13,096.88
09/25/2026 Coupon 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 116.11 116.11 09/25/2026 Principal Paydown 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 5,975.97 5,975.97 09/25/2026 Coupon 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 1,121.67 1,121.67 09/25/2026 Principal Paydown 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 19,773.37 19,773.37 09/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,582.79 2,582.79 09/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 38,584.24 38,584.24 09/25/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 09/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 09/28/2026 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
09/30/2026 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 572
CONFIDENTIAL | 35
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/30/2026 Final Maturity 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 3,000,000.00 3,000,000.00 09/30/2026 Coupon 91282CFL0 2,200,000.00 UNITED STATES TREASURY 3.875 09/30/2029 42,625.00 42,625.00 09/30/2026 Coupon 91282CGS4 2,500,000.00 UNITED STATES TREASURY 3.625 03/31/2030 45,312.50 45,312.50 09/30/2026 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 September 2026
Total 5,869,963.39 309,632.92 6,179,596.32
OCTOBER 2026
10/13/2026 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 8,114.58 8,114.58 10/13/2026 Effective Maturity 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 380,000.00 380,000.00 10/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 10/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 833.49 833.49 10/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 14,368.54 14,368.54 10/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 10/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 10/15/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 1,521.34 1,521.34 10/15/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 24,458.22 24,458.22 10/15/2026 Coupon 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 112.73 112.73 10/15/2026 Principal Paydown 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 14,731.91 14,731.91 10/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 10/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 10/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 10/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,179.39 1,179.39 10/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 62,065.14 62,065.14 10/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,722.65 3,722.65 10/20/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 104,273.98 104,273.98 10/21/2026 Coupon 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 519.86 519.86 10/21/2026 Principal Paydown 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 11,168.99 11,168.99 10/21/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 1,645.25 1,645.25 10/21/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 32,970.33 32,970.33 10/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,967.84 2,967.84 10/21/2026 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 45,456.41 45,456.41 10/26/2026 Coupon 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 88.87 88.87 573
CONFIDENTIAL | 36
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/26/2026 Principal Paydown 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 4,944.13 4,944.13 10/26/2026 Coupon 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 1,036.31 1,036.31 10/26/2026 Principal Paydown 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 18,097.96 18,097.96 10/26/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,436.17 2,436.17 10/26/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 37,103.62 37,103.62 10/26/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 10/26/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 10/30/2026 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
October 2026 Total 749,639.23 90,512.03 840,151.27
NOVEMBER 2026
11/02/2026 Coupon 91282CFT3 2,500,000.00 UNITED STATES TREASURY 4.0 10/31/2029 50,000.00 50,000.00 11/02/2026 Coupon 91282CKP5 2,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 46,250.00 46,250.00 11/02/2026 Coupon 91282CMZ1 2,700,000.00 UNITED STATES TREASURY 3.875 04/30/2030 52,312.50 52,312.50 11/16/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 11/16/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 775.54 775.54 11/16/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 14,054.24 14,054.24 11/16/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 11/16/2026 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 7,093.17 7,093.17 11/16/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 11/16/2026 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 29,507.36 29,507.36 11/16/2026 Coupon 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 1,415.35 1,415.35 11/16/2026 Principal Paydown 47786WAD2 510,000.00 JDOT 2024-B A3 5.2 03/15/2029 28,949.83 28,949.83 11/16/2026 Coupon 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 51.22 51.22 11/16/2026 Effective Maturity 47800CAC0 152,451.57 JDOT 2023 A3 5.01 11/15/2027 12,268.92 12,268.92 11/16/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 11/16/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 11/16/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 11/17/2026 Coupon 58933YBH7 1,250,000.00 MERCK & CO INC 4.05 05/17/2028 25,312.50 25,312.50 11/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 938.37 938.37 11/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 56,134.89 56,134.89 11/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,324.67 3,324.67 574
CONFIDENTIAL | 37
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/20/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 120,041.69 120,041.69 11/23/2026 Coupon 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 467.09 467.09 11/23/2026 Principal Paydown 438123AC5 233,868.36 HAROT 2023-4 A3 5.67 06/21/2028 10,921.25 10,921.25 11/23/2026 Coupon 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 1,519.69 1,519.69 11/23/2026 Principal Paydown 43813YAC6 630,000.00 HAROT 2024-3 A3 4.57 03/21/2029 32,171.22 32,171.22 11/23/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,794.73 2,794.73 11/23/2026 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 44,380.59 44,380.59 11/25/2026 Coupon 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 66.34 66.34 11/25/2026 Principal Paydown 05592XAD2 80,641.71 BMWOT 2023-A A3 5.47 02/25/2028 4,721.23 4,721.23 11/25/2026 Coupon 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 958.19 958.19 11/25/2026 Principal Paydown 096919AD7 443,525.95 BMWOT 2024-A A3 5.18 02/26/2029 17,749.39 17,749.39 11/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,295.18 2,295.18 11/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 36,375.47 36,375.47 11/25/2026 Coupon 3137FPJG1 1,140,000.00 FHMS K-099 A2 2.595 09/25/2029 2,465.25 2,465.25 11/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 11/30/2026 Coupon 91282CHF1 2,600,000.00 UNITED STATES TREASURY 3.75 05/31/2030 48,750.00 48,750.00 11/30/2026 Coupon 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 11/30/2026 Coupon 91282CMA6 2,400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 November 2026
Total 414,369.24 352,689.91 767,059.15
Grand Total 336,381,154.06 18,999,121.87 3,175,433.20 22,174,555.06 575
CONFIDENTIAL | 38
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

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

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest. 576
CONFIDENTIAL | 39
City of Orange | Account #10888 | As of December 31, 2025 Execution Time: 01/05/2026 05:23:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INVESTMENT REPORT
City of Orange | As of December 31, 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. 578

TABLE OF CONTENTS

ECONOMIC UPDATE

ACCOUNT PROFILE

CONSOLIDATED INFORMATION

PORTFOLIO HOLDINGS

TRANSACTIONS
1 579

ECONOMIC UPDATE
2 580
▪
▪
▪
The near-term economic outlook continues to be distorted by the data delays from the government shutdown. Recently released government data—reflecting conditions from two to three months ago—indicate inflation remains moderately above the Federal Reserve’s target, while labor market conditions have continuedto soften. As the flow of economic data normalizes, the Chandler team expects further yield curve steepening as the Federal Reserve moves the policy rate toward a more neutral range. U.S. trade and fiscal policy also remain sources of elevated market uncertainty.

The Federal Reserve's December Federal Open Market Committee meeting concluded with the third consecutive 25-basis-point rate cut in 2025, lowering the target range to 3.50%–3.75%. However, policymakers remain divided on the path forward. Four Fed governors project one additional 25-basis-point cut in 2026, another four anticipateno further easing, eight expect multiple cuts, and three call for a potential rate hike. Chair Jerome Powell noted that the Fed is now “well placed to wait and see” how labor market conditions and inflation evolve in the near term.

The US Treasury yield curve steepened in December, as the 2-year Treasury yield dropped 2 basis points to 3.48%, the 5-year Treasury was up 13 basis points to 3.73%, and the 10-year Treasury yield was 15 basis points higher at 4.17%. The spread between the 2-year and 10- year Treasury yield points on the curve was 17 basis points wider from November at +69 basis points at December month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was +33 basis points. The spread between the 3-month and 10-year Treasury yield points on the curve was +54 basis points in December versus +21 basis points in November.

ECONOMIC UPDATE
3 581
-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)
-1.0%

3.0%

7.0%

11.0%

15.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
The December Nonfarm Payrolls report showed weaker-than-expected job growth, with payrolls rising by 50,000 compared with the consensus estimate of 70,000. This follows a downwardly revised gain of 56,000 in November. Employment declines were most pronounced in retail trade and construction, while leisure and hospitality posted the strongest gains. Notably, the unemployment rate edged down to 4.4% after increasing to 4.6% in November.

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

EMPLOYMENT
4 582
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) reported that job openings fell to 7.1 million in November from a downwardly revised 7.4 millionin October. The dropin vacancies, alongside slower hiring, suggests the labor market continues to soften, though employers remain cautious about laying off workers. The number of openings now roughly matches the number of unemployed individuals, pointing to a labor market that is approaching equilibrium.

Source: US Department of Labor

JOB OPENINGS & LABOR TURNOVER SURVEY
5 583

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

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

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator
YOY % Change
PCE Core Deflator
YOY % Change
Fed Target
YOY (%) Change
Inflation came in lower than expectedin November, with the Consumer Price Index (CPI) rising 2.7% year over year and core CPI easing to

2.6%. Notably, both Owners’ Equivalent Rent and Rent of Primary Residence contributed to the slowdown in services inflation. Shelter costs typically lag broader market trends by 12 to 18 months. Services, meanwhile, have remained the dominant driver of inflation throughout the post-pandemic period. The Personal Consumption Expenditures (PCE) Index for September, released on December 5, showed headline inflation up 0.3% from August and 2.8% year over year. Core PCE rose 0.2% on the month and 2.8% on an annual basis.

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

INFLATION
6 584

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
October Retail Sales, released with a one-month delay, were flat from the prior month but up 3.5% year over year. Eight of thirteen major categories posted gains, while motor vehicle sales declined following the expiration of federal tax incentives for electric vehicles, and gas station sales weakened amid lower fuel prices. The government shutdown may have weighed on consumer confidence regarding jobs, incomes, and overall financial conditions, both current and in the future. The Conference Board’s Consumer Confidence Index declined to

89.1 in December from an upwardly revised 92.9 in November, marking its fifth consecutive monthly drop. Consumers were pessimistic about both business conditions and the labor market.
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
7 585
-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) declined 0.3% in September, marking its second consecutive monthly decrease after a revised 0.3% drop in August. On a year-over-year basis, the index fell 3.3%. According to the Conference Board, weakening expectations among consumers and businesses contributed most to the LEI’s overall decline. The index continues to signal slower economic growth through the end of 2025 and into 2026. The Chicago Fed National Activity Index (CFNAI) came in at -0.21 in September, following a downwardly revised -0.31 in August, signaling that U.S. economic activity remained below its historical trend for the sixth consecutive month. The three-month moving average ticked down to -0.21 in September from -0.18 in August, reinforcing signs of ongoing below-trend national growth. Employment-related indicators turned slightly positive, contributing +0.01 in September after a -0.11 result in August.

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

LEADING INDICATORS OF ECONOMIC ACTIVITY
8 586
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
The S&P Cotality Case-Shiller 20-City Composite Home Price Index rose 1.3% year over year in October, slightly down from a 1.4% gain in September and marking the slowest annual increase since mid ‑2023. Short-term momentum also weakened, with 80 percent of the 20 tracked markets recording month-over-month price declineson a non-seasonally adjusted basis. Housing starts declined in October to an annualized rate of 1.25 million units, down from 1.29 million in September. Existing home sales inched higher in November to a 4.13 million-unit pace, indicating only modest improvement despite some relief in mortgage rates. The Freddie Mac 30‑year fixed mortgage rate fell throughout 2025 and averaged 6.18% at the end of December.

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
9 587
40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services

EXPANDING

CONTRACTING
The Institute for Supply Management’s (ISM) manufacturing index slipped to 47.9 in December, down from 48.2 in November, marking continued weakness across the sector. Manufacturing activity has now been in contraction for 36 of the past 38 months, as readings below 50 indicate contraction and those above50 signal expansion. The latest decline was driven primarily by pullbacks in the Production and Inventories components. In contrast, the ISM services index remained in expansion territory, rising to 54.4 in December from 52.6 in November. Respondents attributed the improvementto seasonal strength, though many remained cautious about the potential impact of tariffs.

Source: Institute for Supply Management

SURVEY BASED MEASURES
10 588
Components of GDP 12/24 3/25 6/25 9/25

2.6% 0.4% 1.7% 2.4%
-1.3% 3.8% -2.7% 0.0%
-0.1% -4.7% 4.8% 1.6%

0.3% -0.4% -0.4% 0.2%

0.3% 0.2% 0.3% 0.2%

1.9% -0.6% 3.8% 4.3%
State and Local (Consumption and Gross
Investment)
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce The U.S. inflation adjusted gross domestic product (GDP) report demonstrated continued strength in the third quarter, with the first estimate showing a 4.3% annualized quarter-over-quarter increase, up from 3.8% in the second quarter. Consumer spending accelerated, while exports contributed 1.6 percentage points to growth—both key drivers of the quarter’s performance. The stronger-than-expected result represented the fastest pace of U.S. economic expansion in two years. The consensus projection calls for 1.1% growth in the fourth quarter and 2.0% growth for the full year 2025.

GROSS DOMESTIC PRODUCT (GDP)
11 589
Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In $ millions
The Federal Reserve lowered its benchmark interest rate by a quarter point to a target range of 3.50% to 3.75% at its December meeting, citing concerns about emerging weakness in the labor market. A few policymakers dissented, arguing that tighter monetary policy may still be warranted to ensure progress on price stability. Beginning December 1, the Fed also halted its balance sheet runoff, announcing that principal and interest payments from its holdings will be reinvested in Treasury securities to maintain ample reserves and support market stability.

FEDERAL RESERVE

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)
12 590
Source: Bloomberg Source: Bloomberg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

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

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Yield Curve
Dec-25
Sep-25
Dec-24
Yield (%)
At the end of December, the 2-year yield was 77 basis points lower, and the 10-year yield was 40 basis points lower, year-over-year. The spread between the 2-year and 10-year Treasury yield points on the curve increased to +69 basis points at December month-end versus +52 basis points at November month-end. The prior 2-year/10-year yield curve inversion, which spanned from July 2022 to August 2024, was historically long. The average historical spread (since 2005) is about +95 basis points. The spread between the 3-month and 10-year Treasury yield points on the curve was +54 basis points in December versus +21 basis points in November.

BOND YIELDS
13 591

ACCOUNT PROFILE
14 592

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. 15 593

STATEMENT OF COMPLIANCE
City of Orange Cons | Account #10897 | As of December 31, 2025 Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES
Max % (BV; ABS, CMO & MBS) 20.0 8.3 Compliant
Max Maturity (Years) 5.0 4.1 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 0.7 Compliant
Max Maturity (Years) 5 3 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 48 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (BV) 30.0 14.7 Compliant
Max % Issuer (BV) 5.0 1.9 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FEDERAL AGENCIES
Max % (BV) 75.0 8.2 Compliant
Max % Issuer (BV) 30.0 5.6 Compliant
Max Callables (BV) 20.0 3.1 Compliant
Max Maturity (Years) 5 3 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (BV) 75.0 41.2 Compliant

LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (BV) 100.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
16 594

STATEMENT OF COMPLIANCE
City of Orange Cons | Account #10897 | As of December 31, 2025 Rules Name Limit Actual Compliance
Status Notes
Max % (BV) 20.0 0.1 Compliant
Max % Issuer (BV) 20.0 0.1 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 1.6 Compliant
Max % Issuer (BV) 10.0 1.6 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (BV) 100.0 23.8 Compliant
Max Maturity (Years) 5 4 Compliant
17 595

PORTFOLIO CHARACTERISTICS
City of Orange | Account #10888 | As of December 31, 2025 Benchmark* 12/31/2025
Portfolio
9/30/2025
Portfolio
Average Maturity (yrs) 2.64 2.90 2.77
Average Modified Duration 2.47 2.47 2.35
Average Purchase Yield 3.94% 3.55%
Average Market Yield 3.55% 3.76% 3.89%
Average Quality** AA+ AA+ AA+
Total Market Value 94,541,792 107,933,405
*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. 18 596

SECTOR DISTRIBUTION
City of Orange | Account #10888 | As of December 31, 2025 Sector as a Percentage of Market Value
Sector 12/31/2025 09/30/2025
US Treasury 41.01% 35.76%
Corporate 25.47% 27.33%
Agency 14.05% 19.72%
ABS 11.63% 10.35%
Supras 2.82% 2.46%
Agency CMBS 2.65% 2.30%
Comm Paper 2.12% 1.84%
Money Mkt Fd 0.24% 0.24%
19 597

ISSUERS
City of Orange | Account #10888 | As of December 31, 2025 Issuer Investment Type % Portfolio
United States US Treasury 41.01%
Federal Home Loan Banks Agency 9.57%
Farm Credit System Agency 4.48%
Apple Inc. Corporate 3.19%
International Bank for Recon and Dev Supras 2.82%
FHLMC Agency CMBS 2.65%
PepsiCo, Inc. Corporate 2.21%
Mitsubishi UFJ Financial Group, Inc. Comm Paper 2.12%
Honda Auto Receivables Owner Trust ABS 1.84%
GM Financial Automobile Leasing Trus ABS 1.52%
American Express Credit Master Trust ABS 1.51%
State Street Corporation Corporate 1.39%
Guardian Life Global Funding Corporate 1.39%
Cisco Systems, Inc. Corporate 1.37%
The Home Depot, Inc. Corporate 1.37%
Chubb Limited Corporate 1.36%
Merck & Co., Inc. Corporate 1.34%
Bank of America Corporation Corporate 1.33%
Massachusetts Mutual Life Insurance Corporate 1.31%
PACCAR Inc Corporate 1.30%
BMW Vehicle Owner Trust ABS 1.30%
John Deere Owner Trust ABS 1.25%
Chase Issuance Trust ABS 1.14%
Royal Bank of Canada Corporate 1.09%
Bank of Montreal Corporate 1.08%
UnitedHealth Group Incorporated Corporate 1.07%
Caterpillar Inc. Corporate 1.06%
Hyundai Auto Receivables Trust ABS 0.99%
New York Life Insurance Company Corporate 0.90%
Metropolitan Life Global Funding I Corporate 0.90%
20 598

ISSUERS
City of Orange | Account #10888 | As of December 31, 2025 Issuer Investment Type % Portfolio
Eli Lilly and Company Corporate 0.76%
WF Card Issuance Trust ABS 0.60%
Mercedes-Benz Auto Receivables Trust ABS 0.57%
Bank of America Credit Card Trust ABS 0.55%
Deere & Company Corporate 0.54%
Union Pacific Corporation Corporate 0.50%
Hyundai Auto Lease Securitization Tr ABS 0.36%
First American Govt Oblig Fund Money Mkt Fd 0.24%
Cash Cash 0.00%
TOTAL 100.00%
21 599

QUALITY DISTRIBUTION
Rating 12/31/2025 09/30/2025
AAA 12.41% 10.92%
AA 66.74% 65.70%
A 16.52% 19.47%
A-1 2.11% 1.82%
NA 2.22% 2.09%
Rating 12/31/2025 09/30/2025
Aaa 10.81% 9.60%
Aa 65.70% 64.81%
A 14.39% 17.61%
P-1 2.11% 1.82%
NA 6.99% 6.16%
Rating 12/31/2025 09/30/2025
AAA 12.98% 11.58%
AA 62.21% 61.73%
A 5.94% 10.28%
NA 18.87% 16.41%
City of Orange | Account #10888 | As of December 31, 2025 S&P Rating Moody’s Rating Fitch Rating
22 600
0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
Portfolio 6.3% 0.6% 13.4% 13.9% 18.0% 42.5% 5.3% 0.0% 0.0% ICE BofA 1-5 Year Unsubordinated US Treasury &
Agency Index 0.0% 0.0% 2.5% 35.4% 28.7% 21.2% 12.3% 0.0% 0.0%

DURATION DISTRIBUTION
City of Orange | Account #10888 | As of December 31, 2025 Portfolio Compared to the Benchmark
23 601
TOTAL RATE OF RETURN* 3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception City of Orange 1.10% 5.84% 5.04% 5.00% 2.13%
Benchmark 1.11% 5.73% 4.57% 4.48% 1.96%
*Periods over 1 year are annualized.

Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index

INVESTMENT PERFORMANCE
City of Orange | Account #10888 | As of December 31, 2025 Total Rate of Return : Inception | 01/01/2022
24 602

HISTORICAL AVERAGE PURCHASE YIELD
City of Orange | Account #10888 | As of December 31, 2025 Purchase Yield as of 12/31/25 = 3.94%
25 603

CONSOLIDATED INFORMATION
26 604

PORTFOLIO CHARACTERISTICS
City of Orange Cons | Account #10897 | As of December 31, 2025 12/31/2025
Portfolio
9/30/2025
Portfolio
Average Maturity (yrs) 1.69 2.04
Average Modified Duration 1.44 1.74
Average Purchase Yield 3.89% 3.38%
Average Market Yield 3.78% 3.63%
Average Quality** AA+ AA+
Total Market Value 161,935,832 146,227,715
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 27 605

PORTFOLIO HOLDINGS
28 606

HOLDINGS REPORT
City of Orange | Account #10888 | As of December 31, 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 48,959.08 02/16/2023

5.09%
48,949.98
48,956.23
100.23

4.16%
49,071.49

68.54 0.05%
115.26
Aaa/NA
AAA

1.30 0.25
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 152,451.57 02/22/2023

3.39%
152,423.80
152,440.54
100.46

4.01%
153,153.00
339.46

0.16%
712.47
Aaa/NA
AAA

1.87 0.43
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 430,000.00 02/05/2025

4.66%
429,949.26
429,964.11
100.82

3.88%
433,521.27
612.27

0.46%
3,557.16
NA/AAA
AAA

2.14 0.98
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 80,641.71 07/11/2023

5.47%
80,627.42
80,635.04
100.60

4.08%
81,128.14

73.52 0.09%
493.10
NA/AAA
AAA

2.15 0.42
44935DAD1 HALST 2025-B A3 4.53 04/17/2028 330,000.00 04/24/2025

4.53%
329,970.20
329,976.97
100.90

3.88%
332,979.90
664.40

0.36%
3,002.93
NA/AAA
AAA

2.30 1.30
02582JJZ4 AMXCA 2023-1 A 4.87 05/15/2026 350,000.00 06/07/2023

4.92%
349,968.96
349,996.10
100.37

3.90%
351,280.30
757.56

0.37%
1,284.20
NA/AAA
AAA

0.37 0.36
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 985,000.00 --

4.80%
985,558.36
985,396.52
100.90

3.87%
993,839.39
1,378.45

1.06%
8,442.87
NA/AAA
AAA

2.39 1.18
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 233,868.36 11/01/2023

5.74%
233,827.17
233,846.34
101.09

4.09%
236,420.56
368.34

0.25%
2,574.22
Aaa/NA
AAA

2.47 0.64
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.23%
1,059,706.17
1,059,841.10
100.94

3.83%
1,069,975.66
2,430.93

1.14%
10,134.56
NA/AAA
AAA

2.71 0.68
02582JKD1 AMXCA 2023-3 A 5.23 09/15/2026 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,988.90
100.99

3.84%
1,065,405.47
2,452.29

1.14%
10,416.57
NA/AAA
AAA

0.71 0.68
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 443,525.95 06/04/2024

5.18%
443,458.58
443,480.86
100.91

3.98%
447,574.01
382.91

0.48%
4,093.15
Aaa/AAA
NA

3.16 0.73
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 510,000.00 06/11/2024

5.81%
509,900.30
509,932.67
101.43

4.01%
517,269.03
1,178.67

0.55%
7,336.36
Aaa/NA
AAA

3.20 1.14
44934QAD3 HART 2024-B A3 4.84 03/15/2029 285,000.00 07/16/2024

5.45%
284,956.99
284,970.34
101.12

3.83%
288,187.44
613.07

0.31%
3,217.10
NA/AAA
AAA

3.20 1.05
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 630,000.00 08/09/2024

4.66%
629,901.03
629,930.49
100.76

3.84%
634,788.00
799.75

0.68%
4,857.51
Aaa/NA
AAA

3.22 0.97
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 530,000.00 05/14/2025

4.66%
529,935.39
529,945.58
101.32

3.94%
536,988.58
1,085.91

0.57%
7,043.00
NA/AAA
AAA

3.29 1.84
05522RDJ4 BACCT 2024-1 A 4.93 05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,980.68
101.57

3.78%
512,911.33
1,106.51

0.55%
7,930.65
Aaa/AAA
NA

3.37 1.30
29 607

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
499,974.19
100.75

3.85%
503,730.00
940.00

0.54%
3,755.81
Aaa/NA
AAA

3.71 1.77
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029 795,000.00 02/04/2025

4.57%
794,975.51
794,980.22
101.11

3.88%
803,814.17
1,009.21

0.86%
8,833.94
NA/AAA
AAA

3.72 1.50
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 680,000.00 02/04/2025

4.56%
679,933.02
679,945.85
101.01

3.82%
686,838.76
516.80

0.73%
6,892.91
Aaa/AAA
NA

3.73 1.27
92970QAE5 WFCIT 2024-2 A 4.29 10/15/2029 560,000.00 10/17/2024

4.29%
559,916.78
559,936.66
100.97

3.76%
565,424.72
1,067.73

0.60%
5,488.06
Aaa/AAA
NA

3.79 1.69
44935CAD3 HART 2025-A A3 4.32 10/15/2029 635,000.00 03/04/2025

4.84%
634,906.34
634,922.81
100.74

3.90%
639,702.18
1,219.20

0.68%
4,779.37
NA/AAA
AAA

3.79 1.61
10,798,758.32 100.97 10,904,003.39 11.63% 2.80
Total ABS 10,799,446.67 4.92% 10,799,042.20 3.87% 19,065.52 104,961.19 1.13 AGENCY
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

98.42 3.70%
4,920,955.00
19,000.00

5.25%
(79,045.00)
Aa1/AA+
AA+

0.57 0.56
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
2,017,425.15
101.42

3.50%
2,028,436.00
25,763.89

2.16%
11,010.85
Aa1/AA+
AA+

1.71 1.61
3130AEB25 FEDERAL HOME LOAN BANKS 3.25
06/09/2028 2,000,000.00 07/24/2023

4.15%
1,921,180.00
1,960,612.13

99.40 3.51%
1,988,096.00
3,972.22

2.12%
27,483.87
Aa1/AA+
AA+

2.44 2.32
3130AXQK7 FEDERAL HOME LOAN BANKS 4.75
12/08/2028 2,000,000.00 01/29/2024

4.05%
2,060,660.00
2,036,655.87
103.05

3.64%
2,061,014.00
6,069.44

2.20%
24,358.13
Aa1/AA+
AA+

2.94 2.72
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
2,102,836.55
103.60

3.59%
2,175,600.00
16,902.08

2.32%
72,763.45
Aa1/AA+
AA+

3.33 3.04
13,141,823.00 100.61 13,174,101.00 14.05% 1.86
Total Agency 13,100,000.00 2.96% 13,117,529.70 3.62% 71,707.64 56,571.30 1.74

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
1,075,681.56

95.51 3.91%
1,088,808.30
2,465.25

1.16%
13,126.74
Aa1/AA+
AAA

3.73 3.40
3137FRUT6 FHMS K-106 A2 2.069 01/25/2030 1,500,000.00 06/12/2025

4.23%
1,365,820.31
1,381,834.52

92.97 3.95%
1,394,583.00
2,586.25

1.49%
12,748.48
Aa1/AA+
AAA

4.07 3.79
30 608

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Agency CMBS 2,640,000.00 4.26%
2,431,942.97
2,457,516.08

94.08 3.93%
2,483,391.30
5,051.50

2.65%
25,875.22

3.92 3.62
CASH
CCYUSD Receivable 3,210.78 -- 3,210.78
3,210.78

1.00 3,210.78

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 3,210.78
3,210.78
3,210.78

1.00 3,210.78

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
1,988,850.56

99.51 3.86%
1,990,176.00

0.00 2.12%
1,325.44
P-1/A-1
NA

0.13 0.13
Total Commercial
Paper 2,000,000.00 4.41%
1,936,898.89
1,988,850.56

99.51 3.86%
1,990,176.00

0.00 2.12%
1,325.44

0.13 0.13

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

0.70%
2,999,730.00
2,999,994.38

99.68 3.86%
2,990,511.00
8,341.67

3.19%
(9,483.38)
Aaa/AA+
NA

0.11 0.10
713448FQ6 PEPSICO INC 4.55 02/13/2026 195,000.00 02/13/2023

4.57%
194,886.90
194,995.55
100.02

4.28%
195,042.71
3,401.13

0.21%

47.15 A1/A+
NA

0.12 0.03
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026 470,000.00 02/13/2023

4.77%
469,689.80
469,985.57
100.04

4.37%
470,194.58
8,061.81

0.50%
209.01
A3/A-
A-

0.14 0.05
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,918.21
100.90

3.80%
509,520.76
8,163.47

0.54%
4,602.55
A1/A
A+

0.69 0.66
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,970.70
101.05

3.87%
383,972.52
2,758.96

0.41%
4,001.82
A1/A+
NA

0.86 0.75
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027 1,000,000.00 03/30/2023

4.91%
991,550.00
996,776.75
101.30

3.90%
1,012,990.00
13,969.44

1.08%
16,213.25
A2/A-
AA-

1.70 1.53
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
999,147.93
102.00

3.87%
1,019,959.00
23,002.78

1.09%
20,811.07
A1/A
AA-

2.03 1.88
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,232,020.51

99.76 4.76%
1,247,002.50
21,377.22

1.33%
14,981.99
A1/A-
AA-

2.05 1.00
31 609

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,474,140.53

99.78 3.71%
1,496,656.50
19,950.00

1.60%
22,515.97
A1/A+
NA

2.13 2.00
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
101.53

3.79%
1,304,708.05
19,914.93

1.39%
19,708.05
Aa3/A
AA-

2.16 1.94
58933YBH7 MERCK & CO INC 4.05 05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,257,592.97
100.72

3.73%
1,259,006.25
6,187.50

1.34%
1,413.28
Aa3/A+
NA

2.38 2.16
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
978,469.15
100.74

3.99%
1,007,377.00
19,597.22

1.07%
28,907.85
A2/A+
A

3.04 2.70
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,196,618.18
101.84

3.96%
1,222,027.20
23,153.33

1.30%
25,409.02
A1/A+
NA

3.08 2.80
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,406.39
102.64

3.95%
1,283,015.00
21,050.35

1.37%
32,608.61
A1/AA-
NA

3.16 2.79
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,247,202.48
102.52

3.97%
1,281,555.00
989.58

1.37%
34,352.52
A2/A
A

3.48 3.12
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
703,883.05
100.97

3.91%
711,832.86
11,268.25

0.76%
7,949.81
Aa3/A+
NA

3.62 3.21
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,272,640.40
102.21

3.99%
1,277,613.75
21,958.33

1.36%
4,973.35
A2/A
A

3.62 3.19
40139LBJ1 GUARDIAN LIFE GLOBAL FUNDING

4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,278,609.02

99.93 4.20%
1,299,139.40
14,336.29

1.39%
20,530.38
Aa1/AA+
NA

3.74 3.39
64952WFK4 NEW YORK LIFE GLOBAL FUNDING

4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,628.46
101.57

4.16%
843,034.32
2,757.44

0.90%
13,405.86
Aa1/AA+
AAA

3.93 3.55
14913UAX8 CATERPILLAR FINANCIAL SERVICES
CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,510.45
103.35

3.89%
992,187.84
22,144.00

1.06%
33,677.39
A2/A
A+

4.02 3.56
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,641.05
102.32

4.27%
839,007.60
19,197.11

0.90%
20,366.55
Aa3/AA-
AA-

4.02 3.54
57629TBV8 MASSMUTUAL GLOBAL FUNDING
II 4.95 01/10/2030 1,200,000.00 --

4.90%
1,202,338.00
1,202,091.13
102.38

4.30%
1,228,500.00
28,215.00

1.31%
26,408.87
Aa3/AA+
AA+

4.03 3.54
Total Corporate 23,600,000.00 4.20%
23,467,412.00
23,531,242.86
101.18

4.00%
23,874,853.83
319,795.81

25.47%
343,610.97

2.49 2.19

MONEY MARKET
FUND
32 610

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
31846V203 FIRST AMER:GVT OBLG Y 228,109.71 --

3.38%
228,109.71
228,109.71

1.00 3.38%
228,109.71

0.00 0.24%

0.00 Aaa/AAAm
AAA

0.00 0.00
Total Money Market
Fund 228,109.71 3.38%
228,109.71
228,109.71

1.00 3.38%
228,109.71

0.00 0.24%

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
1,968,629.20

99.78 3.59%
1,995,670.00
32,861.11

2.13%
27,040.80
Aaa/AAA
NA

2.53 2.36
459058LR2

INTERNATIONAL BANK FOR

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

4.20%
632,733.05
633,089.36
101.49

3.74%
644,449.44
7,348.80

0.69%
11,360.08
Aaa/AAA
NA

4.22 3.80
Total Supranational 2,635,000.00 4.20%
2,571,113.05
2,601,718.56
100.20

3.63%
2,640,119.44
40,209.91

2.82%
38,400.88

2.94 2.71

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

1.01%
2,980,546.88
2,997,102.27

98.03 3.59%
2,940,804.00
6,706.73

3.14%
(56,298.27)
Aa1/AA+
AA+

0.75 0.73
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,200,000.00 03/27/2024

4.18%
2,206,617.19
2,204,247.07
102.02

3.57%
2,244,514.80
31,769.34

2.39%
40,267.73
Aa1/AA+
AA+

3.16 2.90
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,173,950.29
101.66

3.58%
2,236,438.60
23,186.13

2.39%
62,488.31
Aa1/AA+
AA+

3.25 2.99
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,000,000.00 --

4.13%
2,042,382.82
2,029,974.69
103.23

3.58%
2,064,610.00
15,842.54

2.20%
34,635.31
Aa1/AA+
AA+

3.33 3.05
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,216,900.86
102.88

3.60%
2,263,250.00
8,703.30

2.41%
46,349.14
Aa1/AA+
AA+

3.41 3.13
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 09/26/2024

3.56%
2,038,515.62
2,028,472.80
101.29

3.61%
2,025,860.00
33,478.26

2.16%
(2,612.80)
Aa1/AA+
AA+

3.58 3.26
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,935,682.19

98.31 3.62%
1,966,250.00
21,236.19

2.10%
30,567.81
Aa1/AA+
AA+

3.67 3.38
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.10%
2,177,828.13
2,183,102.44
100.86

3.62%
2,218,992.60
21,780.91

2.37%
35,890.16
Aa1/AA+
AA+

3.75 3.42
33 611

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 2,500,000.00 04/29/2025

3.77%
2,523,535.16
2,520,015.62
101.31

3.63%
2,532,715.00
17,127.07

2.70%
12,699.38
Aa1/AA+
AA+

3.83 3.50
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,372,997.39
101.73

3.65%
2,441,438.40
8,703.30

2.60%
68,441.01
Aa1/AA+
AA+

3.91 3.58
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 2,500,000.00 04/29/2025

3.78%
2,550,488.28
2,543,337.95
102.22

3.66%
2,555,567.50
44,463.32

2.73%
12,229.55
Aa1/AA+
AA+

4.08 3.66
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00 --

4.02%
2,697,195.31
2,697,620.93
101.27

3.67%
2,734,381.80
36,696.13

2.92%
36,760.87
Aa1/AA+
AA+

4.16 3.75
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 2,500,000.00 04/29/2025

3.80%
2,480,664.06
2,483,312.52

99.81 3.67%
2,495,312.50
23,154.19

2.66%
11,999.98
Aa1/AA+
AA+

4.25 3.86
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 2,700,000.00 05/29/2025

4.03%
2,681,542.97
2,683,762.75
100.78

3.68%
2,721,095.10
17,919.20

2.90%
37,332.35
Aa1/AA+
AA+

4.33 3.93
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 2,600,000.00 --

3.84%
2,589,183.60
2,590,136.71
100.25

3.69%
2,606,398.60
8,571.43

2.78%
16,261.89
Aa1/AA+
AA+

4.41 4.02
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 2,400,000.00 09/29/2025

3.74%
2,387,625.00
2,388,272.33

99.64 3.71%
2,391,468.00
29,560.77

2.55%
3,195.67
Aa1/AA+
AA+

4.67 4.20
Total US Treasury 38,100,000.00 3.78%
38,023,078.15
38,048,888.81
100.91

3.63%
38,439,096.90
348,898.79

41.01%
390,208.09

3.64 3.32
Total Portfolio 93,105,767.16 3.94%
92,602,346.87
92,776,109.26
100.47

3.76%
93,737,062.34
804,729.18
100.00%
960,953.08

2.90 2.47
Total Market Value +
Accrued 94,541,791.53
34 612

HOLDINGS REPORT
City of Orange LAIF Balances | Account #10895 | As of December 31, 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 270,426.23 -- 270,426.23
270,426.23

1.00 270,426.23

0.00 0.65%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 270,426.23
270,426.23
270,426.23

1.00 270,426.23

0.00 0.65%

0.00 0.00

0.00 LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 41,185,415.46 --

3.98%
41,185,415.46
41,185,415.46

1.00 3.98%
41,185,415.46

0.00 99.35%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 41,185,415.46 3.98%
41,185,415.46
41,185,415.46

1.00 3.98%
41,185,415.46

0.00 99.35%

0.00 0.00

0.00 Total Portfolio 41,455,841.69 3.98%
41,455,841.69
41,455,841.69

1.00 3.98%
41,455,841.69

0.00 100.00%

0.00 0.00

0.00 Total Market Value +
Accrued 41,455,841.69
35 613

HOLDINGS REPORT
City of Orange Bank Balances | Account #10896 | As of December 31, 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 604,428.96 --

0.00%
604,428.96
604,428.96

1.00 0.00%
604,428.96

0.00 2.33%

0.00 NA/NA
NA

0.00 0.00
999WEL$15 Wells Fargo 25,280,495.04 --

3.63%
25,280,495.04
25,280,495.04

1.00 3.63%
25,280,495.04

0.00 97.46%

0.00 NA/NA
NA

0.00 0.00
999WEL$12 Wells Fargo General 53,275.00 --

0.00%
53,275.00
53,275.00

1.00 0.00%
53,275.00

0.00 0.21%

0.00 NA/NA
NA

0.00 0.00
Total Cash 25,938,199.00 3.54%
25,938,199.00
25,938,199.00

1.00 3.54%
25,938,199.00

0.00 100.00%

0.00 0.00

0.00 Total Portfolio 25,938,199.00 3.54%
25,938,199.00
25,938,199.00

1.00 3.54%
25,938,199.00

0.00 100.00%

0.00 0.00

0.00 Total Market Value +
Accrued 25,938,199.00
36 614

TRANSACTIONS
37 615

TRANSACTION LEDGER
City of Orange | Account #10888|10/01/2025 Through 12/31/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss

DISPOSITIONS
Maturity 10/16/2025 89236THP3 (5,000,000.00)

TOYOTA MOTOR
CREDIT CORP 0.8
10/16/2025
100.000 0.70% 5,000,000.00 0.00 5,000,000.00 0.00
Maturity 10/28/2025 3134GW3Z7 (8,050,000.00)

FEDERAL HOME LOAN
MORTGAGE CORP 0.6
10/28/2025
100.000 0.60% 8,050,000.00 0.00 8,050,000.00 0.00
Maturity 10/30/2025 63743HFF4 (495,000.00)

NATIONAL

RURAL UTILITIES

COOPERATIVE
FINANCE CORP 5.45
10/30/2025
100.000 5.50% 495,000.00 0.00 495,000.00 0.00
Total Maturity (13,545,000.00) 13,545,000.00 0.00 13,545,000.00 0.00 TOTAL
DISPOSITIONS (13,545,000.00) 13,545,000.00 0.00 13,545,000.00 0.00 38 616

TRANSACTION LEDGER
City of Orange LAIF Balances | Account #10895|10/01/2025 Through 12/31/2025| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 10/31/2025 90LAIF$00 380,885.74
Local Agency
Investment Fund State
Pool

1.000 4.13% (380,885.74) 0.00 (380,885.74) 0.00
Purchase 12/31/2025 90LAIF$00 15,000,000.00
Local Agency
Investment Fund State
Pool

1.000 3.98% (15,000,000.00) 0.00 (15,000,000.00) 0.00
Total Purchase 15,380,885.74 (15,380,885.74) 0.00 (15,380,885.74) 0.00 TOTAL
ACQUISITIONS 15,380,885.74 (15,380,885.74) 0.00 (15,380,885.74) 0.00 39 617

IMPORTANT DISCLOSURES
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
Benchmark Disclosure
ICE BofA 1-5 Yr Unsubordinated US
Treasury & Agency Index
The ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. 41 619

Orange City CouncilFebruary 10, 2026

Orange City Council
February 10, 2026