Agenda packet — Orange City Council, August 11, 2026 (part 2 of 3)

UltraSystems No. 260427

2.0 ULTRASYSTEMS PROJECT TEAM ORGANIZATION AND KEY PERSONNEL

2.1 Firm Profile
UltraSystems Environmental, Inc. (UltraSystems) is a full-service environmental planning and compliance firm specializing in NEPA and CEQA documentation for public infrastructure, road improvement and transportation projects. Headquartered in Irvine, California, UltraSystems has established a strong reputation for delivering technically sound, legally defensible, and schedule-driven environmental documentation that meets all applicable federal, state, and local requirements.

Since 1994, NEPA and CEQA compliance has been a core service of the firm. Over the past 30+ years, UltraSystems has prepared more than 7,000 environmental documents, engineering studies, and technical assessments. This extensive experience includes projects requiring coordination with federal agencies and preparation of documentation to support Caltrans approvals, including Categorical Exclusions (CEs).

UltraSystems brings directly relevant experience and technical capabilities including:
 Preparation of NEPA documentation, with a focus on efficient and defensible CE determinations;
 Evaluation of project alternatives and site constraints to support decision-making;  Preparation and management of multidisciplinary technical studies (biological, cultural, hazardous materials, traffic, air quality, noise, and related disciplines);  Coordination with Caltrans and regulatory agencies to ensure compliance and timely approvals; and
 Implementation of public outreach and stakeholder engagement programs to support the NEPA process.

UltraSystems employs 52 professional and support personnel, including a multidisciplinary team of planners, scientists, engineers, archaeologists, biologists, and GIS specialists. This in- house capability allows UltraSystems to rapidly mobilize resources, maintain quality control, and minimize reliance on subconsultants, supporting efficient project delivery.

Our team is experienced in managing projects with multiple stakeholders, complex environmental constraints, and accelerated schedules, and is well equipped to support the City in advancing the proposed Project through a streamlined NEPA process and achieving a defensible and timely Categorical Exclusion (CE) determination.

FIRM PROFILE
Company Name: UltraSystems Environmental, Incorporated (UltraSystems) Corporation Type: UltraSystems is a S Corporation (C1747565). It is privately held.

Headquarters: 16431 Scientific Way, Irvine, CA 96218
T: 949/788-4900 | F: 949/788-4901
Website: https://ultrasystems.com/
Year Incorporated: July 14, 1994 | S-Corp
FEIN: 33-0623499
D&B Number: 87924-8243
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Years in Business: 32
Organizational
Structure:

Flat, with six distinctive Groups. Including: (1) AQ, Noise, GHG; (2) Biological Services; (3) Cultural Resources; (4) GIS; (5) Environmental; (6) Water Resources.

Diversity
Certifications:
 Disadvantaged Business Enterprise (DBE)
 Small Business Enterprise (SBE)
 Woman-owned Business Enterprise (WBE)
 Federal Woman-owned Small Business (WOSB)
 DIR # 1000369051
Contact for the
Contract:

Betsy A. Lindsay, CEO | E: [email protected]
T: 949/788-4900 x227
Number of
Employees: Full time employees in Irvine = 52
NAICS: 541620, 541330, 541370, 541618, 541720, 541690, 541990 Office Locations: Irvine, Grass Valley, Patterson

UltraSystems will manage and perform all work for this assignment from our Irvine, California office. This office is staffed with senior project managers and technical specialists, enabling efficient coordination, rapid response, and consistent delivery of high-quality work products.

2.2 Project Team
The following table includes a description of the entire UltraSystems project team, their role and office location.

Table 2.2-1

PROJECT TEAM ROLE
PRIME/

SUB FIRM ROLE OFFICE

LOCATION

PRIME
UltraSystems
Environmental
WBE/DBE*/SBE
NEPA Compliance and Environmental
Documentation; Project Management
and Agency Coordination
Irvine, CA
SUB Citadel EHS ISA (Phase 1) and PSI (Phase 2) Glendale, CA SUB Hunsaker Design Survey Irvine, CA
*DBE under review currently by Caltrans

The UltraSystems project team will be led by senior-level professionals with extensive experience delivering NEPA compliance for complex public infrastructure and transportation projects. Many team members bring over 25 years of technical expertise and have successfully supported federal, state, and local agencies throughout California.

Key personnel identified below are currently available and will be fully committed to this project for its duration. Our team is specifically structured to support City’s objectives, 119
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including completion of design surveys and preparation of NEPA documentation, coordination with Caltrans, and delivery of a defensible Categorical Exclusion (CE). Several members of this team have directly supported Caltrans-funded projects and CE determinations within California.

If unforeseen circumstances require staff adjustments, UltraSystems has the in-house depth to seamlessly replace personnel with individuals of comparable expertise, ensuring continuity and schedule adherence.

Table 2.2-2

KEY PERSONNEL - ROLES ON THE PROJECT
Personnel Name | Degree Project Role Yrs.
exp.
%
Availability
Project Management
Betsy A. Lindsay, MURP
President/CEO
Project Director/Principal
Contract Administration, Resource
Allocation
40 20%
Hina Gupta, MPl, LEED AP
Vice President/Senior Project
Manager
Senior Project Manager
Caltrans Coordination, QA/QC, NEPA
Compliance
18 30%
Technical Leads
Billye Breckenridge, BA
Project Manager GIS Analysis 26 30%
Dr. Michael Rogozen, D. Env.

Senior Principal Engineer Air Quality, GHG Emissions, Noise 49 20% Michelle Tollett, BA, ISA
Senior Biologist Biological Resources 26 15%
Allison Carver, BS, BA
Senior Biologist
Water Quality Assessment and
Regulatory Permitting 24 30%
Megan Black-Doukakis, MA
Project Archaeologist Cultural and Historical Resources 14 20% Michael Milroy, MS, BS
Senior Planner
NEPA Compliance and CE
Documentation 19 20%
Specialty Technical Support
Mark Drollinger, MEng, CSP,
CHMM, EIT Principal
Citadel EHS
ISA (Phase 1) and PSI (Phase 2) 40 20%
Mabel Hill Garcia, PE, Project
Engineer
Hunsaker & Associates
Design Survey 40 25%
Jason R. Kinnie, PLS, Senior
Surveyor
Hunsaker & Associates
Design Survey 40 20%
Serving as Project Director will be the firm’s owner, Ms. Betsy A. Lindsay, MURP, President/CEO. She will represent all facets of our firms’ contractual commitments to the 120
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City and ensure that all resource requirements are met during the execution of the Work Program. Hina Gupta, MPl, LEED AP will serve as our Senior Project Manager on this assignment. She will be responsible for the day-to-day activities of the Project Team and will be our Primary Point of Contact with the City.

BETSY LINDSAY, MURP | PRINCIPAL-IN-CHARGE/PROJECT DIRECTOR As Principal-in-Charge, Ms. Lindsay will provide executive oversight and strategic direction to ensure successful delivery of services to the City. She will serve as the primary point of contact for contractual matters and will be responsible for ensuring that all work is completed on schedule, within budget, and in full compliance with applicable federal and state regulatory requirements. Ms. Lindsay will oversee the project’s quality assurance/quality control (QA/QC) program, ensuring that all environmental documentation meets NEPA standards and is legally defensible. She will also ensure that appropriate technical resources are allocated and that project risks are proactively identified and managed. Drawing on decades of experience supporting federally funded infrastructure improvement projects, she will provide guidance on regulatory strategy, agency coordination, and efficient document preparation to support timely project delivery.

With over 40 years of experience, Ms. Lindsay has prepared more than 500 environmental documents and managed over 20 large-scale on-call contracts involving thousands of task orders for public agencies. Her expertise includes NEPA/CEQA compliance, transit and infrastructure projects, and coordination with federal, state, and local agencies. She has extensive experience working with Caltrans-funded projects. Her leadership ensures that projects are not only compliant but also strategically positioned to withstand regulatory scrutiny and support funding approvals.

EDUCATION
 MURP., Urban and Regional Planning, California State Polytechnic University, Pomona, CA
 B.S., Geography, California State University, Long Beach, CA

SELECT PROJECT EXPERIENCE
Ms. Lindsay has led or overseen environmental compliance for numerous road improvement projects requiring NEPA documentation and federal funding coordination:
 OC Loop Bike Trail, Segments O, P, and Q, Orange County, CA – IS/MND  North County ITS Palmdale Extension Project, Palmdale, CA – IS/MND  Pitchess Detention Center Emergency Vehicle Operation Center, Los Angeles County, CA – IS/MND
 KART Transit Station Project, Kings County, CA - IS/MND & EA/FONSI  Los Angeles Regional Interoperable Communication System – Los Angeles County, CA – Biological Assessment
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 Los Angeles Regional Interoperable Communications System (LA-RICS), Los Angeles County, CA - NEPA and CEQA Documentation,
 Vermont Avenue Overcrossing Widening at US 101, Los Angeles, CA – Technical Studies
 Heacock Street Bridge Over the Perris Valley Storm Drain Lateral “A,” Bridge Widening and Improvement Project, Moreno Valley, CA – CEQA/NEPA  Lindley Avenue Bridge Over the Los Angeles River, Bridge Widening and Improvement Project, Los Angeles, CA - PES
 Victor Valley Transit Authority Bus Administration, Operations, and Maintenance Facility, Hesperia, CA - MND/CE
 US-395 Realignment, San Bernardino County, CA - Environmental Impact Report (EIR)
 Bus Parking Expansion, Riverside, CA - IS/MND
 Division 9 Transportation Building, Los Angeles, CA - IS/MND  City of Gardena Bus and Maintenance Facility, Gardena, CA - MND/CE HINA GUPTA, MPL, LEED AP | SENIOR PROJECT MANAGER
Ms. Gupta is a Senior Environmental Professional with over 18 years of comprehensive experience in environmental planning and project management. She specializes in CEQA and NEPA document management and preparation, regulatory permitting, and compliance across a diverse range of sectors including infrastructure, transportation, and multi-family housing.

Expert in navigating the complexities of the environmental review process, Ms. Gupta manages the preparation of EIRs, EISs, and IS/MNDs, and is proficient at identifying project-specific permitting needs. Her technical expertise extends to Aesthetics and Visual Impact Analysis, Sustainable Land Use, and Community Impact Assessments. She is highly skilled in coordinating with federal, state, and local resource agencies to secure environmental permits and approvals. She has extensive experience working with Caltrans-funded projects. Ms. Gupta provides strategic oversight for multi- disciplinary teams, conducting rigorous QA/QC reviews. Her extensive project portfolio comprises public and private projects including infrastructure & utilities improvement, transportation, flood control, water/wastewater lines, renewable energy, transmission lines, master-planned communities, commercial/residential development, industrial warehouses, and educational facilities.

EDUCATION
 Master of Planning, University of Southern California, Los Angeles, CA  B.Arch., Chandigarh College of Architecture, Chandigarh, India

PROFESSIONAL CERTIFICATE
 LEED Accredited Professional (Leadership in Energy and Environmental Design)

SELECT PROJECT EXPERIENCE
 Garfield Avenue Complete Street Improvements Project, City of South Gate, CA – PES  Gage Avenue Bridge Rehabilitation Project, City of Bell, CA - IS/MND, PES  OC Loop Bike Trail, Segments O, P, and Q, Orange County, CA – IS/MND 122
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 North County ITS Extension Phase V Project, City of Palmdale, CA – IS/MND  Malaga Bridge and Foothill Boulevard Street Improvement Project, City of Fontana, CA – IS/MND, PES
 Advanced Dilemma Zone Detection Improvements at 49 Intersections Project, City of San Bernardino, CA - PES
 North County ITS Extension Phase IV Project, City of Palmdale, CA – IS/MND  Pitchess Detention Center Emergency Vehicle Operation Center, Los Angeles County, CA – IS/MND
 KART Transit Station Project, Kings County, CA - IS/MND & EA/FONSI  Pasadena Transit Operations and Maintenance Facility Project, City of Pasadena, CA - IS/MND
 Dogwood Road Bridge Improvement Project, Imperial County, CA – IS/MND  Jamboree Road Widening Project, Cities of Irvine and Newport Beach, CA - JD  Los Angeles Interoperable Communications System (LA-RICS) Project, Los Angeles County, CA – EA/FONSI
 I-405/Sepulveda Pass Widening, Los Angeles County, CA – Construction Monitoring, Noise Mitigation
 Glen Helen Parkway Grade Separation, San Bernardino County, CA – Environmental Documentation
 Go Local Fixed Guideway, Cities of Anaheim and Santa Ana, CA  California High-Speed Rail Project, Anaheim to Los Angeles Section, CA – EIR

2.3 Subconsultants
UltraSystems has established strong working relationships with a select group of highly qualified subconsultant partners who provide specialized expertise. These firms are integrated into our project team and will be engaged as needed to address specific technical requirements, including hazardous materials, engineering and design surveys, and other specialized analyses. Our subconsultants have extensive experience supporting NEPA compliance for transportation and infrastructure projects and are familiar with federal, state, and local regulatory requirements. UltraSystems has successfully collaborated with these partners on numerous projects, allowing for efficient coordination, consistent quality, and seamless integration of technical studies into the overall NEPA documentation process.

These established relationships enable UltraSystems to quickly mobilize the appropriate technical resources, maintain schedule and budget control, and deliver complete, defensible documentation to support Caltrans review and approval.

CITADEL EHS | HAZARDOUS MATERIALS (ISA AND PSI)
Citadel EHS (Citadel) is a market-leading, employee-owned Environmental, Health, and Safety (EHS) consulting firm that understands how the ‘built environment’ is developed,
operated, occupied, and, eventually, deconstructed. Citadel EHS is dedicated to protecting the employees that build and occupy those structures and the environment in which they sit.

Citadel provides unique, integrative approaches to Environmental, Health, and Safety challenges for the entire life cycle of a project—from concept to completion, design to 123
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development. Citadel’s expert team possesses an integrative knowledge base of Architecture, Industrial Hygiene, Safety, Construction, Geology, Sustainability and more that together ensure the most comprehensive strategy and solution for our clients. No matter what the project is, we assess our client’s challenges, resolve them in a cost-effective manner, and strengthen their businesses. Our founders set these high standards for technical excellence and integrative expertise back when the company was founded in 1993; however, it was their dedication to customer service that became the foundation for everything we do— caring for the people we serve and the work we do. We believe in putting people first, and doing what’s right, always.

HUNSAKER & ASSOCIATES | DESIGN SURVEY
Hunsaker & Associates’ (H&A) headquarters is located in Irvine (approximately 130 employees). H&A has a branch office in the City of Riverside (approximately 20 employees), and a field staff of approximately 50 employees. The firm was started in 1976 and remains a closely held corporation with six principals. All are Southern California residents and active project managers, and each has over 30 years of experience in their discipline. Hunsaker offers the following categories of services to public agencies and private clients:

Land Surveying and Mapping Services: Our survey group provides a comprehensive range of state-of-the-art surveying for our clients, combining traditional surveying techniques with advanced surveying technology. In the office, H&A is staffed with licensed surveyors who have extensive experience with preparation and interpretation of legal descriptions and mapping procedures. Our 20 field crews are fully equipped with sophisticated survey instruments, and each is led by a certified party chief.

Engineering Services: Since 1976, H&A has worked with both public and private sector clients to design local streets and arterial roadways, drainage systems, WQMPs and treatment facilities, flood control channels, water and wastewater systems, and other backbone infrastructure for numerous projects throughout Southern California. We provide concise, cost effective, and accurate designs.

Planning Services: H&A staff can create specific plans; civil support; urban design; master plans; re-use and redevelopment planning; site/land use planning; community planning; general plans; land subdivision tentative mapping, entitlement-to-use processing; and regulatory permits.

Resumes of key personnel are provided in the Technical Appendix.

2.4 Organizational Chart
Figure 2.4-1 presents the UltraSystems project organizational chart. The chart identifies key personnel, subconsultants, and their respective roles, and illustrates clear lines of communication and responsibility between the City, UltraSystems, our subconsultants, and supporting team members. The project team is structured to provide efficient project delivery, with direct oversight by the Project Director and day-to-day management led by the Senior Project Manager. Technical leads and subconsultants are integrated into the team 124
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to support specific resource areas, ensuring that all environmental studies and documentation are coordinated and consistent with NEPA and Caltrans requirements.

Figure 2.4-1

ORGANIZATIONAL CHART

3.0 RELEVANT EXPERIENCE

3.1 UltraSystems – Past Caltrans and Road Improvement Projects CITY OF SANTA ANA – DYER ROAD IMPROVEMENTS,

CALTRANS ENCROACHMENT
Client: City of Santa Ana c/o Tetra Tech
Contact: Paula Fell, Sr. Environmental Planner
Address: 17885 Von Karman Ave #500,
Irvine, CA 92614
Phone: (310) 497-6684
Email: [email protected]
Location: SR-55 to Red Hill – Dyer Rd.

Improvements from 6-8 lanes.

Duration: October 2025 to Ongoing
Manager: Billye Breckenridge
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Project No./Cost: 7345/$15,170
Project Team: Betsy Lindsay (Project Director)
The City proposed to widen a portion of Dyer Road from SR-55 to Red Hill Avenue. In order to have enough right-of-way to accommodate the street widening, we needed to partially acquire approximately 13 commercial properties. The City most likely needed to demo the car port at Motel 6. UltraSystems needed to involve Caltrans due to the encroachment permits. This street segment was one of the most heavily trafficked in the City and had an Average Daily Traffic volume of over 50,000 vehicles. Currently, a portion of this segment had three through lanes in both east and west bound directions. The City’s General Plan classified Dyer Road from Grand Avenue to Redhill Avenue as a Primary Arterial (four lanes in each direction) with a Class II bike lane. The section of Dyer Road to the east of the Project was already wide enough to accommodate four lanes up to Red Hill Avenue. In conformance with the General Plan, the proposed Project provided an additional through lane in both the east and west bound directions and incorporated a class II bike lane, wider sidewalks, and landscaping. Additionally, the proposed improvements included the construction of sidewalk, curb and gutter, pavement rehabilitation, BMP’s, and curb ramps at all intersections, which met pertinent requirements set forth under the Americans with Disabilities Act (ADA). BNSF Railway right-of-way was within this project segment and needed to be included in the partial acquisition scope.

PINE CANYON ROAD IMPROVEMENT PROJECT
Client: Los Angeles County Department of Public Works (LACDPW) Contact: Josue Barahona, Civil Engineering Assistant
Address: 900 South Fremont Avenue, Alhambra, CA 91802-1460 Phone: (626) 458-5152
Email: [email protected]
Location: West Antelope Valley/Castaic/Lake Hughes and the Angeles National Forest Duration: July 2018 to September 2018
Manager: Allison Carver
Project No./Cost: 6083/$49,350.00
Project Team: Steve O’Neil (Deputy PM)
The Pine Canyon Road Improvement
Project covered 9.59 miles of road and
starts southeast of the intersection of
Three-Points Road and Pine Canyon Road
and terminated at the intersection of Lake
Hughes Road and Pine Canyon Road. The
project was located in the unincorporated
areas of West Antelope
Valley/Castaic/Lake Hughes and the Angeles National Forest. The scope of work included cold milling or removal of the top 1-1/2 inches of asphalt and repaving with cold-in-place recycling of the asphalt to a thickness of 3 inches with 1-1/2 inches of asphalt rubber hot mix (ARHM) to be placed atop. There was also minor shoulder grading and replacement of 126
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missing asphalt adjacent to overside drains where needed. All work was confined to existing pavement areas and confined to LACDPW right of way.

3.2 Hunsaker & Associates – Past Pavement Projects
References Services
City of Laguna Beach
505 Forest Avenue
Laguna Beach, CA 92651
Josh McDonald, Project Manager
(949) 497-0728
[email protected]

Downtown Street Rehabilitation Laguna Beach, CA
Project evaluated 6,500 feet of street with 8
intersections and 25 curb ramps for compliance with
City standards for slopes and ADA criteria. The result
was a variable depth overlay and modifications to
several intersections to provide safe and smooth travel surfaces. H&A prepare the bid documents for the
construction.

City of Irvine
1 Civic Center Plaza
Irvine, CA 92612

Irvine Boulevard Widening and Rehabilitation
Irvine, CA
Design included pavement rehabilitation cold-milling
of existing pavement through the entire reach with
variable AC capping to correct cross-fall gradients
deficiencies and meet current City minimum standards.

Street was widened from 10 to 35 feet in each direction to create a 6-lane major arterial roadway.

City of Lake Elsinore
130 South Main Street
Lake Elsinore, CA 92537
Remon Habib, City Engineer
(951) 674-3124 ext. 213
[email protected]
Railroad Canyon Road Widening and Rehabilitation
Lake Elsinore, CA
H&A was responsible for preparing concept and final
street improvement plans for widening the 4-lane
existing super-elevated roadway to the ultimate planned 6-lane arterial roadway with a raised median and ADA
improvements.

City of Alhambra
111 South First Street
Alhambra, CA 91801
Dennis Ahlen, General Manager
(626) 570-3274
[email protected]

Multiple Sewer & Road Replacement (on-going)
H&A has performed several projects recently involving
replacement of sewer pipelines with full width
pavement reconstruction and sidewalk repairs in the
City.
 Main Street – Fourth Street – Mission Road Sewer
Replacement Project
 Sixth Street Sewer Replacement Project
 Marguerita Avenue and Almansor Street Sewer
Replacement Project
 Glendon Way Sewer Project (including 5th Street,
Norwood Place, and Garfield Avenue)
 Valley Boulevard Sewer Main Replacement
Project – Phase II
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City of Buena Park
6650 Beach Boulevard
Buena Park, CA 90621
Annie Singhal, PE, Project Manager
(714) 562-3691
[email protected]
Page Street Rehabilitation
The rehabilitation design plans included grinding and
overlaying existing asphalt, removal and replacement of damaged curb, gutter and sidewalk. The project extended 2400 feet and required careful construction staging since there were no alternate access routes.

3.3 Citadel EHS – Past Caltrans Projects

AERIALLY DEPOSITED LEAD (ADL)

ASSESSMENT & COMPLIANCE CONSULTING
Client: Watershed Conservation Authority
Contact: Mark Stanley, Watershed
Conservation Authority
Address: County of Los Angeles, CA
Phone: (626) 815-1019
Email: [email protected]
Location: River Wilderness Park Entry
Development Project – San Gabriel Canyon
Road (SR-39), California
Duration: 2024
Cost: $64,677
Citadel EHS provided comprehensive
environmental compliance and soil investigation services to the Watershed Conservation Authority (WCA) for the River Wilderness Park Entry Development Project, located along San Gabriel Canyon Road (State Route 39) in Los Angeles County, California. The project supports construction of a new gateway park to the San Gabriel Mountains National Monument and includes roadway improvements, utility installation, trail extensions, and infrastructure upgrades within and adjacent to Caltrans right-of-way. Due to the project’s proximity to SR-39, Citadel EHS conducted an Aerially Deposited Lead (ADL) investigation to evaluate potential lead contamination in shallow soils resulting from historic vehicle emissions associated with the use of leaded gasoline. ADL is a known concern along major highway corridors, and soil disturbance during construction can pose potential health risks to workers and nearby communities if not properly evaluated and managed.

Citadel EHS collected 68 soil samples from 20 soil borings along SR-39 and Old San Gabriel Canyon Road. Sampling depths ranged from 0.5 to 10 feet below ground surface, consistent with proposed excavation depths for utilities and trail improvements. Soil samples were analyzed to determine whether lead concentrations exceeded California Total Threshold Limit Concentrations (TTLC), Soluble Threshold Limit Concentrations (STLC), or RCRA Toxicity Characteristic Leaching Procedure (TCLP) criteria. Results indicated that no samples exceeded regulatory thresholds, and soils were classified as non-hazardous (Type X). Citadel EHS also managed investigation-derived waste (IDW) in accordance with DOT, Caltrans, and DTSC requirements, coordinating offsite transport and disposal by a licensed waste hauler. Based on the findings, Citadel EHS recommended preparation of a project- 128
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specific Lead Compliance Plan under CCR Title 8, Section 1532.1 (Lead in Construction) to support worker safety during construction.

Through detailed investigation, regulatory analysis, and compliance-focused reporting, Citadel EHS supported WCA in advancing this infrastructure and recreation project while protecting workers, the public, and the environment.

Highlights:
• Aerially Deposited Lead (ADL) Soil Investigation
• Environmental Compliance for Highway and Infrastructure Projects • Caltrans and DTSC Soil Management Support
• Hazardous Waste Classification and Disposal Evaluation • Worker Health and Safety Planning for Lead-Impacted Soil DEERLAKE TRACT, ROUTE 118, ADL WORK PLAN & REPORT
Client: Envicom Corporation
Contact: Travis Cullen, President Envicom
Corporation
Address: County of Los Angeles
Phone: (818) 879-4700
Email: [email protected]
Location: Freeway (route 118) Canoga
Avenue undercrossing at Ronald Regan
Duration: April 2016 to July 2018
Cost: $14,500
Citadel EHS was contracted by Envicom
Corporation to complete Environmental
Compliance Services, including an Aerially Deposited Lead (ADL) Work Plan at the Ronald Reagan Freeway (Route 118) at the Canoga Avenue Undercrossing and the Topanga Canyon Undercrossing in Los Angeles, California. The investigation and work plan were completed in support of proposed infrastructure improvements associated with the future Deerlake Tract, including the installation of new sewer and water mains. Due to the projects’ proximity to Route 118, Citadel EHS conducted ADL investigations at the to evaluate potential lead contamination in shallow soils associated with historic vehicle emissions from the former use of leaded gasoline. ADL is commonly encountered adjacent to major transportation corridors, and soil disturbance during construction activities may present potential exposure risks to construction workers if not properly characterized and managed. At the Topanga Canyon Undercrossing, Citadel EHS collected 11 soil samples from five boring locations within unpaved areas adjacent to Topanga Canyon Boulevard and Poema Place. Samples were collected from depths ranging between approximately 0.5 and 2 feet below ground surface. At the Canoga Avenue Undercrossing, Citadel EHS collected 30 soil samples from 14 boring locations beneath and adjacent to the undercrossing, including Caltrans right-of-way areas, public park areas, and proposed retaining wall excavation locations. Sampling depths ranged from surface soils to approximately 5 feet below ground surface to reflect anticipated excavation depths associated with the planned improvements. 129
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All soil samples were analyzed to determine whether lead concentrations exceeded California Total Threshold Limit Concentrations (TTLC), Soluble Threshold Limit Concentrations (STLC), or RCRA Toxicity Characteristic Leaching Procedure (TCLP) criteria.

Analytical results indicated that no samples exceeded applicable regulatory thresholds, and soils were classified as non-hazardous (Type X) material. Based on the findings, Citadel EHS recommended preparation and implementation of a project-specific Lead Compliance Plan under CCR Title 8, Section 1532.1 (Lead in Construction) to minimize worker exposure to lead-impacted soil. The plan included protocols for environmental and personnel monitoring, requirements for personal protective equipment, and other health and safety protocols and procedures for handling of lead-impacted soil. Through detailed investigation, regulatory analysis, and compliance-focused reporting, Citadel EHS supported advancement of the infrastructure improvements while protecting workers, the public, and the environment.

4.0 PROJECT APPROACH AND UNDERSTANDING

4.1 Project Understanding
The City seeks a highly qualified engineering and environmental consulting firm to deliver comprehensive design survey, topographic base mapping, and National Environmental Policy Act (NEPA) clearance services for the proposed Riverdale Avenue Complete Street Improvement Project. The project corridor spans Riverdale Avenue from Glassell Street to the western Orange City limits.

The primary objective is to transform this segment of Riverdale Avenue into a multimodal, traffic-calmed corridor featuring buffered Class II bike lanes, lane narrowing (from 15 feet to 11 feet), lane reductions (from 4 lanes to 2 lanes), painted medians, street trees, ADA- compliant curb ramps, and a critical sidewalk gap closure on the westbound segment between Orange Olive Road and the City limits.

Preliminary engineering and construction would be funded via Southern California Association of Governments (SCAG) grants through the Orange County Complete Streets Program (OCCSP). Therefore, the project is subject to strict federal oversight. All project delivery tasks must strictly adhere to Caltrans Local Assistance Procedures Manual (LAPM) guidelines. Final document processing and coordination will route through the Orange County Transportation Authority (OCTA) and the City of Orange, with ultimate NEPA clearance under 23 USC 326 (Categorical Exclusion) granted by Caltrans District 12.

Key Project Drivers and Challenges
Through a rigorous review of the RFP and preliminary project data, our team has identified three critical drivers that will dictate project success:

1. Multi-Jurisdictional Stakeholder Coordination: The corridor intersects or borders right-of-way (ROW) and infrastructure controlled by the County of Orange, Orange 130
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County Flood Control District (OCFCD), and Metrolink. Early engagement and precise mapping of these boundaries are vital to prevent final design delays.

2. Critical Sidewalk Gap Closure & Design Survey Precision: The final engineering design requires a highly precise topographic base map. Our survey must meticulously capture existing elevations, utility conflicts, and structural constraints to ensure the City’s design team can establish proper drainage patterns and guarantee ADA compliance for all new curb access ramps.

3. Subsurface & Environmental Constraints: Due to planned "cut and fill" activities for the sidewalk gap closure, curb, and gutter adjustments, an Initial Site Assessment (ISA Phase 1) and a Preliminary Site Investigation (PSI Phase 2) are required. Safely characterizing potential Aerially Deposited Lead (ADL) and hazardous materials early is important.

4. Strict Sequencing of Agency Reviews: To secure NEPA clearance within the City’s desired framework, the schedule must accommodate a two-round City review process, integration with Caltrans Professionally Qualified Staff (PQS), and a mandatory 30-day Caltrans District Local Assistance Engineer (DLAE) review window.

Our project team understands that the primary objective is to secure CE clearance while minimizing schedule, regulatory, and project risks.

4.2 Scope of Work
MAJOR TASK 1 - PROJECT INITIATION, MEETINGS AND MANAGEMENT Task 1.1: Project Kick-off Meeting and Project Meetings. Upon award of contract, UltraSystems foresees (1) project kick-off meeting. UEI’s Project Director and Senior Project Manager will meet with the City to (1) review the overall design and engineering work program, (2) discuss key deliverable milestones, (3) review the performance schedule, (4) identify primary points of contacts at the City, (5) agree on accepted communication protocols, and (6) identify the key stakeholders associated with the project.

UltraSystems has budgeted for attendance at six (6) additional virtual project meetings with our Senior Project Manager. Outside of meetings, please know that we will be available throughout the term of our services to respond to requests by the City for input concerning various aspects of the environmental review process. Should the City request any additional meetings beyond the number indicated, UltraSystems would be compensated in accordance with the terms and conditions contained in our Standard Rate Schedule.

Task 1.2: Project Management/Coordination. This task facilitates the conduct of routine project management tasks by our Senior Project Manager throughout the contract performance period including but not limited to internal coordination with staff, subconsultant coordination, maintaining cost and schedule controls, and maintaining communication with the County and others as warranted.

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Task 1.3: Prepare Updated Project Description. UltraSystems will review the existing Preliminary Environmental Study prepared for the project and approved by Caltrans, and prepare an updated Project Description, if necessary. UltraSystems will submit the updated Project Description to the City for review and comment. Pursuant to any comments or edits made, UltraSystems would then modify the Project Description accordingly and ready the Project Description for eventual inclusion into the technical studies and environmental document, as well as the environmental analysis for the project.

Task 1.4: Caltrans and Agency Coordination. This task facilitates coordination with Caltrans Professionally Qualified Staff (PQS), Caltrans District Local Assistance Engineer (DLAE) for review and approval of the technical studies and NEPA CE to be prepared for the project. This task particularly facilitates periodic consultation with Caltrans throughout the environmental review process. This task also includes provision of technical support to the City staff for coordinating with County of Orange, Orange County Flood Control District (OCFCD), and Metrolink for ROW approval.

Major Task 1.0 Deliverables:
 Kickoff Meeting Notes: One electronic copy each in MS Word and PDF formats.  Updated Project Description: One electronic copy in MS Word format.

MAJOR TASK 2 – DESIGN SURVEY
UltraSystems sub-consultant, H&A will conduct the design survey required for the project and complete the required tasks as defined in Attachment A, Sections 2 and 3 of the City’s RFP No. 25-26.18. H&A will perform a precise topographic field survey along Riverdale Avenue and convert the resulting survey data into a clean, compliant Esri File Geodatabase.

All work will adhere strictly to City CAD standards, County of Orange GPS Horizontal Control, and the City’s Survey-to-GIS Data Standards. The following tasks will be completed by H&A.

 Research & Control Establishment: Research and verify existing centerline ties.

Establish horizontal and vertical control tied to the State Plane Coordinate System (NAD83, Zone VI, U.S. Survey Feet) and NAVD88, referenced to the County of Orange GPS Horizontal Control.
 Topographic Field Survey: Utilize electronic data collectors to capture topographic data within the project limits shown on Attachment F. Cross-sections will be shot at 50-foot increments along the Riverdale Avenue centerline, extending to either side of the City right-of-way.
 Feature Inventory: Field survey and map all grade breaks, top of curb, flow lines, finished sidewalk surfaces, and existing improvements (including local depressions, driveways, curb drain inverts, cross gutters, spandrels, water valves, manhole rims, and surface utilities). Additionally, locate all trees with a trunk diameter greater than 12 inches located within 15 feet beyond the existing roadway limits.  Civil 3D Drafting: Process raw field data using the City's symbols library and CAD layering standards.
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 Surface Modeling: Deliver a fully formatted Autodesk Civil 3D 2025 format (.dwg) electronic topographic base map. The file will incorporate a complete survey surface detailed with breaklines, survey points, and contours.
 Geodatabase Creation: Convert the finalized survey data into an Esri File Geodatabase (.gdb) compatible with ArcGIS. Data will be organized into clearly named feature classes by geometry type (Points, Lines, Polygons) using descriptive, non-cryptic naming conventions (e.g., EOP, Curb, Storm_Drain).  Topology and Elevation Integration: Ensure all linework is clean, continuous, and snapped with zero overshoots, undershoots, or accidental duplicates. Embed Z-values directly into the geometry of applicable features and populate a corresponding "Elevation" attribute field. Contours will be separated into major (5-foot) and minor (1-foot) polyline feature classes.
 Attribution and Metadata: Populate mandatory attribute fields for each feature class, including Feature Type, Elevation, Source, Date Collected, and Notes. Author complete ArcGIS-compliant metadata documenting the data source, collection methods, collection date, coordinate system, and contact information.

Major Task 2.0 Deliverables:
 Electronic Topographic Base Map in Autodesk Civil 3D 2025 format (.dwg).  Compliant Esri File Geodatabase (.gdb) with embedded Z-values and structured attribute fields.
 ArcGIS-compatible XML Metadata documentation.
 A "Readme" file summarizing the geodatabase contents and structure.  Scanned surveying field notes, horizontal/vertical control data, and an index of computer files.
 A secure hyperlink for project file download.

MAJOR TASK 3 – ENVIRONMENTAL REVIEW AND DOCUMENTATION
review the approved Preliminary Environmental Study (PES) for Federal Project No.

STPCML-5073(100) and perform all necessary technical studies and coordination required to obtain NEPA clearance through Caltrans District 12. UltraSystems will prepare the following technical studies and tasks identified in the PES prepared for the project.

Task 3.1: Initial Site Assessment (ISA – Phase 1). The Phase 1 ISA will adhere to the standards set forth in American Society for Testing and Materials (ASTM) E-1527-21, Standard Practice for Environmental Site Assessments, and the All Appropriate Inquiry (AAI) Rule published in 40 CFR Part 312 (December 15, 2022).  Conduct a field reconnaissance of the Site and adjacent right-of-way to identify potential environmental concerns and visible signs of contamination  Review pertinent, readily available documents and maps regarding geologic and hydrogeologic conditions for the Site;
 Review, interpret, and provide copies of available historical aerial photographs of the Site and vicinity;
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 Review U.S. Environmental Protection Agency (EPA), State, County, and local lists of known potentially hazardous waste sites or landfills, and sites currently under investigation for environmental violations;
 Review available regulatory records, including environmental permits and documented violations applicable to the Site;
 Conduct inquiries with applicable regulatory agencies, as needed, to obtain information regarding environmental conditions affecting the Site;  Prepare a summary of findings. The summary of findings shall include a project narrative, illustrations, copies of applicable historical aerial photographs, topographic maps, fire insurance maps, Site vicinity photographs, regulatory database search results, telephone logs, and/or copies of pertinent permits.

Task 3.2: Preliminary Site Investigation (PSI – Phase 2). Citadel assumes the cut and fill areas requiring a soil investigation will account for approximately 2,600 LF of the total Project. Citadel will propose to collect soil samples at approximate 100 foot spacing. Prior to mobilizing into the field, Citadel will obtain an Encroachment Permit from the City of Orange and/or Caltrans. Citadel will also submit a traffic control plan and engage with a traffic safety firm to provide the required signage and delineators.

Citadel will prepare a project-specific Sampling and Analysis Work Plan (SAWP) for the Client’s review prior to submittal to Caltrans for approval before proceeding with the approved scope of work. The purpose of the SAWP will be to accumulate sufficient data to accurately characterize the soils impacted by the project and to determine how the excavated soils will and can be managed. The SAWP will include a description of pre-field activities, such as securing the appropriate permits for work within the Caltrans ROW, selection of soil sample locations, identifying underground utilities, and arranging subcontractors as appropriate. The SAWP will provide specific details regarding field sampling procedures, method of sample collection, investigation derived waste, and a description of quality assurance/quality control (QA/QC) procedures. Citadel assumes up to two (2) submittals will be needed to allow for agency revisions.

A site-specific health and safety plan (HASP) will also be prepared and included in the SAWP.

The HASP will identify existing and potential hazards for workers at the Site. Examples of hazards may include noise, contaminated soil, and injuries related to operation of hand tools and rotating and moving equipment.

Upon approval of the SAWP, Citadel will advance approximately 26 total borings with 13 to 2 feet bgs and 13 borings to a depth of 4 feet bgs using a direct push drill rig. Any surface vegetation at the boring locations will be removed prior to boring/sampling activities. Soil samples will be collected at a depth of 0.5 feet and 2 feet bgs at boreholes advanced to 2 feet bgs; soil samples will be collected at a depth of 0.5 feet, 2 feet, and 4 feet bgs at boreholes advanced to 4 feet bgs.

The soil borings will be logged in the field, and soil samples will then be placed in acetate sleeves or 4-ounce glass jars sealed with Teflon lined plastic lids, labeled, and stored in an insulated, ice-packed chest for transport under chain-of-custody manifest chain-of-custody procedures. A total of 72 soil samples will be collected and submitted to the laboratory, 134
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which includes 7 field duplicate samples for field quality control procedures. Soil samples at depths of 0.5 and two feet bgs from each boring will be submitted for analysis. Soil samples at depths of four bgs will be held, pending the results from the 0.5 and two feet bgs results.

The samples will be analyzed for lead by EPA Method 6010B Additional analyses for other contaminants may be requested based on the results of the Phase I ISA.

Task 3.3: Technical Support for preparation of Caltrans CE. It is our understanding that based on the approved PES, the project has been classified as a Categorical Exclusion (CE) under 23 USC 326. Based on experience working on similar projects, it is anticipated that Caltrans PQS would use the technical studies prepared by UltraSystems to prepare the NEPA CE for the project. UltraSystems will provide technical support for preparation of the CE by Caltrans staff.

Major Task 3.0 Deliverables:
 Phase 1 Initial Site Assessment
 Phase 2 Preliminary Site Investigation
 UltraSystems will provide one electronic copy each in MS Word and PDF formats of the draft documents to the City for review.
 UltraSystems will provide one electronic copy each in MS Word and PDF formats and four (4) printed copies of the final documents/reports to the City.

ASSUMPTIONS:
 Based on the information provided in Addendum No. 1 to the RFP issued on May 15, 2026, UltraSystems understands that as the proposed project is a Street Rehabilitation project, the City is exempt from CEQA requirements. Therefore, CEQA review and documentation is not required for this project.

5.0 WORK PROGRESS ACTIVITY SCHEDULE
UltraSystems recognizes that the 24-week performance period is aggressive and requires a disciplined, proactive approach to analyzing multiple projects (at once). To meet this schedule, we will implement parallel processing of the technical studies, initiate early coordination with agencies, and maintain rapid turnaround times for both draft and final documents to the City for their reviewing cycles.

In addition, UltraSystems will continuously monitor risks and adjust our approach as needed to avoid delays. This streamlined and responsive process will ensure the on-time delivery of a complete and approvable CE package and a complete design survey package for use in the preparation of final engineering drawings.

UltraSystems will complete the NEPA process within the 24-week performance period through a structured, milestone-driven schedule, as summarized below.

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Table 5.0-1

ESTIMATED PROJECT SCHEDULE
Task / Activity Name Duration
(Days)
Duration
(Weeks)
Start Week End Week
Project Initiation 5 1 Week 0 Week 1
Design Survey (Field Work & Base
Mapping) 20 4 Week 1 Week 5
City Review 5 1 Week6 Week 6
Final Submittal of Survey documents 5 1 Week 7 Week 7
Initial Site Assessment (ISA Phase 1) 20 4 Week 1 Week 5 City Review - Round 1 10 2 Week 5 Week 7
Document Revision (Post City Review) 10 2 Week 7 Week 9 City Review - Round 2 5 1 Week 9 Week 10
Final Submittal to Caltrans 5 1 Week 10 Week 11
Caltrans Review 30 4 Week 11 Week 15
Preliminary Site Investigation (PSI
Phase 2) 30 6 Week 5 Week 11
City Review - Round 1 10 2 Week 11 Week 13
Document Revision (Post City Review) 10 2 Week 13 Week 15 City Review - Round 2 5 1 Week 15 Week 16
Final Submittal to Caltrans 5 1 Week 16 Week 17
Caltrans Review 30 4 Week 17 Week 21
Additional Time for Caltrans
Review & Approval (If necessary);
Preparation of CE by Caltrans staff
30 4 Week 20 Week 24

6.0 INSURANCE COVERAGE
UltraSystems understands the insurance provisions that will be required to provide when contracted and there are no other conditions that would affect our ability to undertake or complete environmental services for the City.
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 Riverdale Avenue Complete Street Improvement – RFP No. 25-26.18 Page i
UltraSystems No. 260427

COST PROPOSAL FOR

ENVIRONMENTAL AND SURVEY SERVICES FOR

RIVERDALE AVENUE COMPLETE STREET IMPROVEMENT
(RFP NO. 25-26.18; SP-4308)
City of Orange
300 E. Chapman Ave.

Orange, CA 92866
UltraSystems Environmental, Inc.
16431 Scientific Way, Irvine, CA 92618
Proposal No. 260427
May 2026
Prepared By:

Prepared For:
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ULTRASYSTEMS ENVIRONMENTAL INC. – COST PROPOSAL

The costs to provide expert environmental and design survey services for the Riverdale Avenue Complete Street Improvement Project and complete the work scope proposed by UltraSystems in our technical proposal are outlined in Table 1.0-1, and labor hours by tasks are further broken down in Table 1.0-2.

Table 1.0-1

PROJECT FEE SUMMARY
Task No. Task Name Estimated
Costs

1.0 Project Initiation, Meetings and Management

1.1 Project Kickoff Meeting and Progress Meetings $1,570

1.2 Project Management and Coordination $2,130

1.3 Updated Project Description $1,200

1.4 Caltrans and Agency Coordination $1,890
Task 1.0 Subtotal $6,790

2.0 Design Survey
Research and Control, Topographic Field Survey and
CAD and Geodatabase $35,440
Task 2.0 Subtotal $35,440

3.0 Environmental Review and Documentation

3.1 Prepare ISA (Phase 1) $6,990

3.2 Prepare PSI (Phase 2)

3.2.1 Health and Safety Plan/ADL Sampling and Analysis Work $6,560

3.2.2 Soil Sampling $27,030

3.2.3 Data Evaluation and Reporting $4,960
Total for PSI (Phase 2) $38,550

3.3 Technical Support for preparation of Caltrans CE $1,770 Task 3.0 Subtotal $47,310
TOTAL $89,540

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Table 1.0-2
DETAILED PROJECT COSTS – BASED ON LABOR CATEGORIES AND OTHER FEES

139
Agenda Item
Orange City Council
Item #: 3.4. 8/11/2026 File #: 26-0453
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Russell Bunim, Community Development Director

1. SUBJECT
Second Amendment to the Agreement with Willdan Engineering for on-call building services

2. SUMMARY
Second Amendment to the Agreement with Willdan Engineering to increase appropriated funds for the use of professional consultants to maintain service levels at the permit counter, plan check, and building inspection services as needed.

3. RECOMMENDED ACTION
Approve the Second Amendment to the Agreement with Willdan Engineering in the amount of $200,000 for on-call building services; and authorize the Mayor and City Clerk to execute on behalf of the City.

4. FISCAL IMPACT
The total expenditure on this agreement is $200,000 and will be funded through General Fund (100):
100-6201-55101- Professional/Technical Services $200,000

5. STRATEGIC PLAN GOALS
Goal 3: Enhance Economic Development and Achieve Fiscal Stability.

6. DISCUSSION AND BACKGROUND
The City entered into an agreement with Willdan Engineering to provide on-call building services to supplement Building Division operations and assist with maintaining timely plan review, inspection, and permit processing services. The agreement was structured to provide flexibility in addressing fluctuations in development activity, staffing shortages, employee vacancies, and specialized technical review needs.

Willdan Engineering has provided critical support by performing plan review, inspection, and other building-related services necessary to maintain customer service levels, meet statutory permit processing timelines, and support ongoing development activity within the City.

The agreement has previously been amended to increase the contract amount in response to continued service demands. As work has progressed, the remaining contract balance is anticipated to be insufficient to support the level of services needed due to staff turnover and the vacancy in the Plan Check Engineer position. Accordingly, a Second Amendment is proposed to increase the City of Orange Printed on 8/6/2026Page 1 of 2
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Item #: 3.4. 8/11/2026 File #: 26-0453
Plan Check Engineer position. Accordingly, a Second Amendment is proposed to increase the contract's compensation by $200,000, resulting in a revised not-to-exceed amount of $605,000.

Approving the Second Amendment will ensure continuity of on-call building services while the City continues to address workload demands and staffing needs. The additional appropriation will provide sufficient funding to maintain timely permit processing, minimize project delays, and continue providing responsive service to residents, businesses, and the development community.

The proposed amendment does not modify the scope of services or the term of the agreement. All other terms and conditions of the original agreement, as previously amended, will remain in full force and effect.

7. ATTACHMENTS
· Second Amendment to the Agreement with Willdan Engineering City of Orange Printed on 8/6/2026Page 2 of 2
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141
Agenda Item
Orange City Council
Item #: 3.4. 8/11/2026 File #: 26-0453
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Russell Bunim, Community Development Director

1. SUBJECT
Second Amendment to the Agreement with Willdan Engineering for on-call building services

3. RECOMMENDED ACTION
Approve the Second Amendment to the agreement with Willdan Engineering in the amount of $200,000 for on-call building services; and authorize the Mayor and City Clerk to execute on behalf of the City.

4. FISCAL IMPACT
The total expenditure on this agreement is $200,000 and will be funded through General Fund (100):
100-6201-55101- Professional/Technical Services $200,000

5. STRATEGIC PLAN GOALS
Goal 3: Enhance Economic Development and Achieve Fiscal Stability.

The agreement has previously been amended to increase the contract amount in response to continued service demands. As work has progressed, the remaining contract balance is anticipated to be insufficient to support the level of services needed due to staff turnover and the vacancy in the Plan Check Engineer position. Accordingly, a Second Amendment is proposed to increase the City of Orange Printed on 8/6/2026Page 1 of 2
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Item #: 3.4. 8/11/2026 File #: 26-0453
Plan Check Engineer position. Accordingly, a Second Amendment is proposed to increase the contract's compensation by $200,000, resulting in a revised not-to-exceed amount of $605,000.

7. ATTACHMENTS
· Second Amendment to the Agreement with Willdan Engineering City of Orange Printed on 8/6/2026Page 2 of 2
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143

SECOND AMENDMENT
TO

PROFESSIONAL SERVICES AGREEMENT
[On-Call Building and Safety Services]

THIS SECOND AMENDMENT TO PROFESSIONAL SERVICES AGREEMENT (the “Second Amendment”) is made and entered into as of ________________, 2026, by and between the CITY OF ORANGE, a municipal corporation (“City”), and WILLDAN EN GINEERING, California corporation (“Contractor”), with reference to the following:

A. City and Contractor entered into a Professional Services Agre ement (Agreement No. 7738) dated September 10, 2024, which is incorporated herein by this referenc e (the “Original Agreement”); and

B. City and Contractor amended the Original Agreement to increase the compensation by a First Amendment to Professional Services Agreement (Agreeme nt No. 7738.1) dated March 25, 2025, which is incorporated herein by this reference (the “First Amendment”); and

C. City and Contractor desire to further amend the Original Agree ment to modify, amend and supplement certain portions of the Original Agreement to increase the compensation.

NOW, THEREFORE, the parties hereby agree as follows:

Section 1. Defined Terms. Except as otherwise defined herein, all capitalized terms used herein shall have the meanings set forth for such terms in the Original Agreement.

Section 2. Cross-References. City and Contractor agree that all references in this Second Amendment are deemed and construed to refer to the Original Agreeme nt, as implemented by this Second Amendment.

Section 3 Compensation. The total not-to-exceed compensation for the services to be rendered as set forth in Section 2.a of the Original Agreement is increased by TWO HUNDRED THOUSAND DOLLARS and 00/100 ($200,000.00). Section 2.a is hereby amended in its entirety to read as follows:

“It is understood that services described in the Scope of Work will be provided on an on-call and as-needed basis, determined at the sole discretion of the City. City neither warrants nor guarantees any minimum or maximum compensation paid to Contra ctor under this Agreement. Contractor shall be paid only for actual services performed under this Agreement. However, Contractor's total compensation for a ll services performed under this Agreement, shall not exceed SIX HUNDRED FIVE THOUSAN D DOLLARS and 00/100 ($605,000.00) without the prior written authorization of City.”

Section 4. Integration. This Second Amendment amends, as set forth herein, the Original 144
145
Agenda Item
Orange City Council
Item #: 3.5. 8/11/2026 File #: 26-0451
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Christopher Cash, Public Works Director

1. SUBJECT
First Amendment to Contract with G.M. Sager Construction Co., Inc. for Asphalt Repair Services

2. SUMMARY
Timely repairs of roadway surfaces disturbed by water main breaks are necessary to provide safe driving conditions and prevent further damage to the pavement. G.M. Sager recently completed repairs at more than 30 locations for the Water Division and has provided an estimate of $135,000 for 26 additional roadway repairs.

3. RECOMMENDED ACTION
Approve the First Amendment to the Contract with G.M. Sager Construction Co., Inc. in the amount of $135,000, plus a 10% contingency of $13,500 for asphalt repairs; and authorize the Mayor and City Clerk to execute on behalf of the City.

4. FISCAL IMPACT
The expense for this amendment is $148,500 and will be funded through Water (600):
600-5803-53201- Repair & Maintenance Supplies

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

6. DISCUSSION AND BACKGROUND
The City’sWater Utility experiences water main breaks and leaks throughout the year. While City crews handle the initial excavation, pipe repair, and temporary surfacing, permanent asphalt restoration requires specialized services. In April 2026, the City entered into a contract with G.M.

Sager Construction Co., Inc. in the amount of $179,630 to complete repairs of more than 30 patches at various locations. The repairs were completed in a timely manner and to the satisfaction of the Public Works Department.

This First Amendment authorizes additional funding of $148,500 for additional asphalt repairs of 26 patches, representing an original estimate of $135,000 plus a 10% contingency of $13,500 and bringing the total contract amount to $328,130.

Construction is scheduled to commence in August 2026 and will be completed within 45 calendar City of Orange Printed on 8/6/2026Page 1 of 2
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Item #: 3.5. 8/11/2026 File #: 26-0451
days.

7. ATTACHMENTS
· First Amendment with G.M. Sager Construction Co., Inc.

City of Orange Printed on 8/6/2026Page 2 of 2
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Agenda Item
Orange City Council
Item #: 3.5. 8/11/2026 File #: 26-0451
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Christopher Cash, Public Works Director

1. SUBJECT
First Amendment to Contract with G.M. Sager Construction Co., Inc. for Asphalt Repair Services

4. FISCAL IMPACT
The expense for this amendment is $148,500 and will be funded through Water (600):
600-5803-53201- Repair & Maintenance Supplies

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

Construction is scheduled to commence in August 2026 and will be completed within 45 calendar City of Orange Printed on 8/6/2026Page 1 of 2
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148
Item #: 3.5. 8/11/2026 File #: 26-0451
days.

7. ATTACHMENTS
· First Amendment with G.M. Sager Construction Co., Inc.

City of Orange Printed on 8/6/2026Page 2 of 2
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FIRST AMENDMENT
TO

CONTRACT
[Asphalt Replacement at Various Locations]

THIS FIRST AMENDMENT TO CONTRACT (the “First Amendment to Contract”) is made and entered into as of ______________, 2026 (“Effective Date”) by and between the CITY OF ORANGE, a municipal corporation (“City”), and G.M. SAGER CONSTRUCTION CO., INC., a California corporation, (“Contractor”), with reference to the following:

A. City and Contractor entered into a Contract (Agreement No. 7939) dated as of April 28, 2026, which is incorporated herein by this reference (the “Original Contract”); and

B. City and Contractor desire to modify, amend and supplement certain portions of the Original Contract by revising the Work Performed and increasing the Compensation.

NOW, THEREFORE, the parties hereby agree as follows:

Section 1. Defined Terms. Except as otherwise defined herein, all capitalized terms used herein shall have the meanings set forth for such terms in the Original Contract.

Section 2. Cross-References. City and Contractor agree that all references in this First Amendment are deemed and construed to refer to the Original Contract, as implemented by this First Amendment.

Section 3. Revised Work Performed . The Contractor’s Proposal as referenced in Article 1 of the Original Contract, is hereby amended, modified and supplemented to include the services described in Exhibit A attached hereto and incorporated herein by this reference.

Section 4. Term. Pursuant to Article 2 of the Original Contract, the City hereby authorizes a legal extension to allow completion of the work, commencing on August 17, 2026, and terminating on September 25, 2026.

Section 5. Compensation. Article 3 of the Original Contract is hereby amended to increase the total not-to-exceed compensation for the services to be rendered by ONE HUNDRED FORTY-EIGHT THOUSAND FIVE HUNDRED DOLLARS and 00/100 ($ 148,500.00) and Sections 3.a and 3.c are hereby amended in their entirety to read as follows:

“a. Contractor agrees to receive and accept an amount not to exceed THREE HUNDRED ELEVEN THOUSAND EIGHT HUNDRED DOLLARS and
00/100 ($311,800.00) unless said amount is amended by Contract Change Order approved by the City, as compensation for furnishing all materials and doing all the Work contemplated and embraced in this Contract. Said compensation covers (1) all loss or damage arising out of the nature of the Work, from the acts of the elements; (2) any unforeseen diffi culties or 150
2 obstructions which may arise or be encountered in the prosecution of the Work until its acceptance by City, other than as provided below; (3) all risks of every description connected with the Work; (4) all expenses incurred by or in consequence of the suspension or discontinuance of the Work; and (5) well and faithfully completing the Work, and for the whole thereof, in the manner and according to the Plans and Specifications, and requirements of the Authorized City Representative under them. Retention amounts shall be withheld from progress payments as required by law unless Contractor provides securities in lieu of retention.”

“c. The total amount of compensation under this Contract , including contingencies, shall not exceed THREE HUNDRED TWENTY -EIGHT THOUSAND ONE HUNDRED THIRTY DOLLARS and 00 /100
($328,130.00).”

Section 6. Integration. This First Amendment amends, as set forth herein, the Original Contract and, except as specifically amended hereby, the Original Contract shall remain in full force and effect. To the extent that there is any conflict or inconsistency between the terms and provisions of this First. Amendment and the terms and provisions of the Original Contract, the terms and provisions of this First. Amendment shall control and govern the rights and obligations of the parties.

[Remainder of page intentionally left blank; signatures on next page]

151
Tl\ WITl\ESS of this Comract. the parties enter into this Contr,1ct on the year and day first above written.

CONTRACT.BONDS AND INSURANCE
APPROVED BY:

Connor Hyland
Senior Assistan t City Attorney
/Note: Signature of Cltairman of the
Board, President or Via President is
required/
/Note: Signature of Secre tary, Assistant
Secretary, Cltief Financial Officer or
Assistant Treasurer i.,; al.,·o required/
3 "CITY"
CITY OF ORANGE, a municipa l corporation
By: __________ ___ _
Daniel R. Slater
Mayor of Lhc City of Orange
ATTEST :

Pamda Coleman, City Clerk
"CO ~ T RACTOR "
G.M. SAGER CONSTRUCTION CO .. TNC.,
a California corporat ion
By: _ + l£V=~~ ~ ::::o.!Jig.,L£1.. _ ____ _
Printc
Title: _ __,L.!.C='-'--===="-- ------
By \ L ~
Printe d Name: Pn,..,)e:Ze A SA,k...-,
Tit I e: S~LJ? ... e::ce- a. ::::-f
152
3 IN WITNESS of this First Amendment, the parties enter into this First Amendment on the year and day first above written.

“CONTRACTOR” “CITY”

G.M. SAGER CONSTRUCTION CO., INC., CITY OF ORANGE, a municipal corporation a California corporation

*By: By:

Printed Name: Daniel R. Slater, Mayor
Title:

ATTEST:
*By:

Printed Name:

Title:

Pamela Coleman, City Clerk

APPROVED AS TO FORM:

Connor Hyland
Senior Assistant City Attorney

*NOTE: If CONTRACTOR is a corporation, the City requires the following signature(s):
-- (1) the Chairman of the Board, the President or a Vice -President, AND (2) the Secretary, the Chief Financial Officer, the Treasurer, an Assistant Secretary or an Assistant Treasurer. If only one corporate officer exists or one corporate officer holds more than one corporate office, please so indicate. OR -- The corporate officer named in a corporate resolution as authorized to enter into this Agreement. A copy of the corporate resolution, certified by the Secretary close in time to the execution of the Agreement, must be provided to the City.

√

X
153

EXHIBIT “A”

WORK PERFORMED

[Beneath this sheet.]
154

Proposal/Contract
G. M. SAGER CONSTRUCTION CO., INC.

A GENERAL ENGINEERING CONTRACTOR
1380 SOUTH EAST END AVENUE, POMONA CA 91766
(909) 620-9987 ◆ (626) 335-7429 ◆ FAX (909) 620-5288
State Lic. #607796 DIR# 1000010280
No. COO072126R1

PROPOSAL SUBMITTED TO CONTACT PHONE DATE
CITY OF ORANGE JONATHAN SMITH (714) 288-2486 07/22/2026

STREET JOB NAME THOMAS GUIDE
189 S. WATER ST ASPHALT PATCHWORK – LIST #2

CITY, STATE ZIP JOB LOCATION
ORANGE, CA 92866 VARIOUS LOCATIONS, ORANGE, CA
DATE OF PLANS FAX # EMAIL
[email protected]
We propose hereby to furnish material and labor complete in accordance with specifications below for the sum of:

ONE HUNDRED THIRTY-FIVE THOUSAND DOLLARS AND 00/100. $135,000.00 PAYMENT TO BE AS FOLLOWS: UPON COMPLETION

All material is guaranteed to be as specified. All work to be completed in a workmanlike manner according to standard practices. Any alteration or deviation from specifications below involving extra costs will be executed only upon written orders, and will become an extra charge over and above the estimate. All agreements contingent upon strikes, accidents or delays beyond our control. Owner to carry fire, tornado and other necessary insurance. Our workers are fully covered by Workers' Compensation Insurance.

Authorized Signature

Note: This Proposal may be withdrawn by us if not accepted within

60 Days.

We hereby submit specifications and estimates for:

SCOPE OF WORK

1. SAWCUT 1’ OUTSIDE OF EXISTING ASPHALT PATCH EACH SIDE.

2. REMOVE EXISTING ASPHALT 1” GREATER THAN EXISTING AND INSTALL (¾”) PG64-10 ASPHALT BASE COURSE AND (½”) PG64-10 ASPHALT CAP.

3. PROVIDE STRIPING IF NECESSARY.

4. PROVIDE TRAFFIC CONTROL PLANS IF REQUIRED BY THE CITY.

5. PROVIDE PERFORMANCE AND PAYMENT BOND. $3,500.00

TOTAL: $135,000.00

Price is per List #2 provided by City of Orange Water Division Note: Prevailing Wage.

Pricing is valid for 60 days.

Exclusions: Petromat Removal, Steel Plates, Permit Fees, Soil Testing, Inspection Fees, Irrigation Lines, Surveying.

Prices subject to change according to job or special conditions (i.e. unusual traffic conditions, size of job, change in city or county building Code Inspectors requirements, special material, night work.

"NOTICE TO OWNERS"
(section 7018,7019 - Contractors License Law)
Under the Mechanic's Lien Law, any contractor, subcontractor, laborer, material man or other person who helps to improve your property and is not paid for his labor, services or material, has the right to enforce his claim against your property. This means that, after a court hearing, your property could be sold by a court officer and the proceeds of the sale used to satisfy the indebtedness. This can happen even if you have paid your contractor in full, if the subcontractor, laborer or supplier remains unpaid.

Under the law, you may protect yourself against such claims by filing, before commencing such work of improvement, an original contract for the work of improvement or a modification thereof, in the office of the county recorder of the county where the property is situated and requiring that a contractor's payment bond be recorded in such office. Said bond shall be in an amount not less than fifty percent (50%) of the contract price and shall, in addition to any conditions for the performance of the contract, be conditioned for the payment in full of the claims of all persons furnishing labor, services, equipment or materials for the work described in said contract.

Acceptance of Proposal - The above prices,
specifications and conditions are satisfactory and are
hereby accepted. You are authorized to do the work as
specified. Payment will be made as outlined above.

Date of Acceptance Signature

155
CUT
#
July 9, 2026 PAGE 1 PRICE
1 1547 W. KATELLA PATCH SIZE TBD BY INSPECTOR
95' X 29' 42,000.00$
2 4550 E. CHAPMAN 8' X 12' X 8"
STRIPING 4,800.00$
3 205 S. PARK ST 6' X 6' X 6" 2,600.00$
4 1698 N. CAMBRIDGE 8' X 8' X 8"
(1) PATCH ONLY - RUBBERIZED ASPHALT 2,800.00$
5 1420 E. SOMERTON 4' X 5' X 6" 2,700.00$
6 18926 BERRY TREE LN 6' X 6' X 4" 2,800.00$
7 182 N. WAVERLY 6' X 6' X 4" 2,800.00$
8 7844 E. HORSESHOE TRAIL 5' X 4' X 5" 2,700.00$
9 331 E. PALMDALE 6' X 6' X 5", 5' X 4' X 5" 4,000.00$
10 1609 N. ODONNELL WAY 6' X 6' X 5" 2,700.00$
11 1341 E. PALM 6' X 21' X 6" 3,000.00$
12 1460 N. TOPAZ 23' X 24' 5,800.00$
13 408 N. CITRUS 9' X 6' X 5" 2,800.00$
14 695 S. FONDREN 10' X 20' X 6" 6,000.00$
15 CULVER AVE & BEDFORD RD **** BUSY ****
8' X 32' X 6" 7,800.00$
16 460 S. HILL ST 6' X 6' X 4" 2,800.00$
17 ____________ ____________ ____________
18 3646 E. WESTRIDGE 2' X 17' X 6", 9' X 7' X 6", 2' X 9' X 6", 2' X 9' X 6" 6,000.00$ 19 1241 W. WALNUT 7' X 22' X 6" 3,800.00$
20 176 N. JETTY 4' X 4' X 6'' 2,500.00$
156
CUT
#
July 9, 2026 PAGE 1 PRICE
1 23421 GARFIELD 11' X 8' X 6" 3,000.00$
2 415 E. RIVERBOAT WAY 6' X 6' X 4" 2,700.00$
3 327 S. CAMBRIDGE **** BUSY ****
6' X 7' X 6" - RUBERIZED ASPHALT 3,500.00$
4 5125 E. AVENIDA PALMAR **** BUSY ****
6' X 6' X 6" 3,500.00$
5 1541 E. KATELLA 6' X 5' X 6" 2,700.00$
6 326 W. KATELLA 5' X 4' X 6" 2,700.00$
7 1247 E. VISTA DEL PLAYA 6' X 10' X 5" 3,000.00$
8 9
10 11
12 13
14 15
16 17
18 19
20 131,500.00$ 157
Agenda Item
Orange City Council
Item #: 3.6. 8/11/2026 File #: 26-0458
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Pamela Coleman, City Clerk/City Clerk Services Director

1. SUBJECT
Second Reading and adoption of Ordinance No. 13-26 amending Chapter 12.48 of the Orange Municipal Code pertaining to parks to update sections related to smoking and vaping

2. SUMMARY
The Introduction and First Reading of the above-entitled Ordinance was approved at a Regular Council Meeting on July 28, 2026.

The Ordinance is now presented for Second Reading by title only, and adoption.

Vote at First Reading: AYES: Bilodeau, Tavoularis, Gyllenhammer, Slater NOES: Barrios
ABSENT: Dumitru, Gutierrez

3. RECOMMENDED ACTION
Adopt Ordinance No. 13-26.

4. ATTACHMENTS
· Ordinance No. 13-26
City of Orange Printed on 8/6/2026Page 1 of 1
powered by Legistar™
158
Agenda Item
Orange City Council
Item #: 3.6. 8/11/2026 File #: 26-0458
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Pamela Coleman, City Clerk/City Clerk Services Director

1. SUBJECT
Second Reading and adoption of Ordinance No. 13-26 amending Chapter 12.48 of the Orange Municipal Code pertaining to parks to update sections related to smoking and vaping

2. SUMMARY
The Introduction and First Reading of the above-entitled Ordinance was approved at a Regular Council Meeting on July 28, 2026.

The Ordinance is now presented for Second Reading by title only, and adoption.

Vote at First Reading: AYES: Bilodeau, Tavoularis, Gyllenhammer, Slater NOES: Barrios
ABSENT: Dumitru, Gutierrez

3. RECOMMENDED ACTION
Adopt Ordinance No. 13-26.

4. ATTACHMENTS
· Ordinance No. 13-26
City of Orange Printed on 8/6/2026Page 1 of 1
powered by Legistar™
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ORDINANCE NO. 13-26

AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF ORANGE AMENDING CHAPTER 12.48

OF THE ORANGE MUNICIPAL CODE

PERTAINING TO PARKS TO UPDATE SECTIONS

RELATED TO SMOKING AND/VAPING

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ORANGE DOES HEREBY ORDAIN AS FOLLOWS:

SECTION I:

Section 12.48.015 of the Orange Municipal Code, “Streets, Sidewalks and Public Places – Park Ordinance -- Definitions,” is hereby amended to read as follows:

12.48.015 Definitions.

For purposes of this chapter, the following terms shall have the meanings as set forth herein unless the context in which they are used clearly indicates a contrary meaning:
"Alcoholic beverage" shall mean alcohol, spirits, liquor, wine, beer, and every liquid or solid containing one-half of one percent or more of alcohol by volume and which is fit for beverage purposes either alone or when diluted, mixed, or combined with other substances. "Athletic facilities" shall mean those areas of a park designated for the purposes of athletic play on or at facilities such as, but not limited to sports courts and fields. "Camping" means the use of public streets or public property for living accommodation or habitation purposes such as sleeping activities, or making preparations to sleep, including, but not limited to, the laying down of bedding for purposes of sleeping or using or storing personal belongings such as non-designated City cooking equipment, camping stoves, portable barbecues, sleeping bags, cots, beds, hammocks, extra clothing, or personal items when it reasonably appears, in light of all the circumstances, that the participants, in conducting these activities, are, in fact, using the public street or public property for living accommodation or habitation purposes. "Department" shall mean the City of Orange Community Services Department. "Director" shall mean the Director of the Department of Community Services or their designee. “Electronic smoking device” means any device that delivers an aerosolized or vaporized substance to the user, including but not limited to, electronic cigarettes, vape pens, or similar devices.
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2 "Food distribution to the public" means a temporary operation or undertaking by a person for the purpose of offering, distributing, or dispensing with or without charge therefor, food and/or beverages for consumption by the general public which uses the park or park facility for such activity. This activity shall not include any contract, lease, or other agreement for a concession or similar operation or enterprise approved by the Director or City Council. "Park" means any public park or any portion thereof, including body of water, land, recreation, playground area, or any building thereon within the City of Orange owned and maintained by the City as a public park whether or not such has been formally dedicated for such purpose. "Person" shall mean every person, firm, corporation, group of persons, or organization. "Pollution" means the contamination or other alteration of the physical, chemical, or biological properties of park lands and/or waters.
“Smoking” means inhaling, exhaling, burning, or carrying any lighted or heated cigar, cigarette, pipe, hookah, or any plant product intended or inhalation, including cannabis.

SECTION II:

Section 12.48.120 of the Orange Municipal Code, “Streets, Sidewalks and Public Places – Park Ordinance – Rules and Regulations,” is hereby amended to read as follows:

12.48.120 Rules and Regulations.

The Director shall issue from time to time as they deem necessary, rules and regulations to implement the provisions of this chapter. Such rules and regulations shall have the force of law, to the extent consistent with this Chapter and applicable law, and failure to obey such rules shall be deemed a violation of the provisions of this chapter.

SECTION III:

Section 12.48.165 of the Orange Municipal Code, “Streets, Sidewalks and Public Places – Park Ordinance – Prohibited Activities,” is hereby amended to read as follows:

12.48.165 Prohibited Activities.

No person shall:

A. Skateboard in any Park except in the designated areas; B. Smoke or vape in any Park including any trail within a park, open space, recreational facility, or parking area associated with a park. This prohibition includes the use of any lighted or heated tobacco, nicotine, or cannabis product, and the use of any electronic smoking device; C. Gamble in any Park;
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3 D. Use, sell or distribute any controlled substance in any Park, except as express authorized by state or federal law. Nothing in this section shall be interpreted to prohibit lawful possession of cannabis or prescription medications consistent with state law.

E. The smoking or vaping of cannabis is prohibited in all Parks pursuant to Subsection B.

SECTION IV:

If any section, subdivision, paragraph, sentence, clause or phrase of this Ordinance is for any reason held to be invalid or unconstitutional, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have passed this Ordinance, and each section, subdivision, paragraph, sentence, clause and phrase thereof, irrespective of the fact that any one (or more) section, subdivision, paragraph, sentence, clause or phrase had been declared invalid or unconstitutional.

SECTION V:

The City Clerk is hereby directed to certify the adoption of this Ordinance and cause the same to be published as required by law. This Ordinance shall take effect thirty (30) days from and after the date of its final passage.

ADOPTED this ____ day of ___________________, 2026.

Daniel R. Slater, Mayor, City of Orange
ATTEST:

Pamela Coleman, City Clerk, City of Orange
APPROVED AS TO FORM:

Nathalie Adourian, City Attorney,
City of Orange
162
4 STATE OF CALIFORNIA )

COUNTY OF ORANGE )

CITY OF ORANGE )
I, PAMELA COLEMAN, City Clerk of the City of Orange, California, do hereby certify that the foregoing Ordinance was introduced at the regular meeting of the City Council held on the 28th day of July, 2026, and thereafter at the regular meeting of said City Council duly held on the day of , 2026 was duly passed and adopted by the following vote, to wit:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

ABSTAIN: COUNCILMEMBERS:

Pamela Coleman, City Clerk, City of Orange
163
Agenda Item
Orange City Council
Item #: 3.7. 8/11/2026 File #: 26-0454
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Garrett Smith, City Treasurer

1. SUBJECT
Annual review and approval of the Statement of Investment Policy for Fiscal Year 2026-27

2. SUMMARY
The City Treasurer and Chandler Asset Management, the City’s investment management firm, conducted a review of the City’s Investment Policy and no update is recommended at this time.

3. RECOMMENDED ACTION
Adopt the Fiscal Year 2026-2027 City of Orange Statement of Investment Policy.

4. FISCAL IMPACT
None.

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

6. DISCUSSION AND BACKGROUND
The California Government Code Section 53646 requires that the Statement of Investment Policy (SIP) be reviewed and approved by the legislative body on an annual basis. The City’sInvestment Policy is one of the most conservative policies in the State and it is proposed that the very conservative features of the policy be maintained.

The City Treasurer and Chandler Asset Management have reviewed the Investment Policy and are not recommending any changes at this time.

7. ATTACHMENTS
· FY 2026-27 City of Orange Investment Policy
City of Orange Printed on 8/6/2026Page 1 of 1
powered by Legistar™
164
Agenda Item
Orange City Council
Item #: 3.7. 8/11/2026 File #: 26-0454
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Garrett Smith, City Treasurer

1. SUBJECT
Annual Review and approval of the Statement of Investment Policy for Fiscal Year 2026-27

2. SUMMARY
The City Treasurer and Chandler Asset Management, the City’s investment management firm, conducted a review of the City’s Investment Policy and no update is recommended at this time.

3. RECOMMENDED ACTION
Adopt the Fiscal Year 2026-2027 City of Orange Statement of Investment Policy.

4. FISCAL IMPACT
None.

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

The City Treasurer and Chandler Asset Management have reviewed the Investment Policy and are not recommending any changes at this time.

7. ATTACHMENTS
· FY 2026-27 City of Orange Investment Policy
City of Orange Printed on 8/6/2026Page 1 of 1
powered by Legistar™
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Dated: July 28, 2026

CITY OF ORANGE

STATEMENT OF INVESTMENT POLICY
Fiscal Year 2026-27

1.0 INVESTMENT POLICY OVERVIEW

1.1 POLICY
It is the policy of the City of Orange (“City”) to invest public funds in a manner which will provide foremost for the safety of principal while meeting the short - and long-term cash flow demands of the City and conforming to all statutes governing the inv estment of City funds.

Annually, in accordance with California Government Code (“CGC”) Section 53646, the Treasurer will render to the City Council a Statement of Investment Policy for consideration and approval at a public meeting. Any investment currently held at that time that does not meet the guidelines of this policy, as changed from time to time by the City Council, shall be exempt from the requirements of this policy. However, at the investment’s maturity or liquidation, such funds shall be reinvested only as provided by this policy.

1.2 PURPOSE
This Statement of Investment Policy (“SIP”) is set forth by the City for the following purposes:

a) To establish a clear understanding for the City Council, Investment Committees, City management, responsible employees, citizens , and third parties, of the objectives, policies and guidelines for the investment of the City’s idle and surplus funds.

b) To offer guidance to investment staff, brokers and any external investment advisors on the investment of City funds.

1.3 INVESTMENT OBJECTIVES
Within the overriding requirement of compliance with all federal, state and local laws governing the investment of moneys under the control of the Treasurer, and as specified in the CGC Section 53600.5, when investing, reinvesting, purchasing, acquiring, exchanging, selling and managing public funds, the primary objective s, in priority order, of the investment activities shall be:

a) Safety: Safety of principal is the foremost objective of the investment program.

Investments of the City shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio.
166

2 b) Liquidity: The investment portfolio will remain sufficiently liquid to enable the City to meet all operating requirements which might be reasonably anticipated.

c) Return on Investments : The investment portfolio shall be designed and managed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the investment objectives, authorized investments and the cash flow needs of the City. The Treasurer’s monthly r eports shall include benchmark reporting to define “a market rate of return ,” which shall be one of the indices published in a financial journal of wide circulation that are most comparable to the Treasurer’s portfolio. The benchmark shall be used solely as a reference tool. The Treasurer shall not add additional risk to the port folio in order to attain or exceed the benchmark.

1.4 PRUDENCE
Investments shall be made with judgment and care, under circumstances then prevailing, which persons of prudence, discretion and intelligence exercise in the management of their own affairs; not for speculation, but for investment, considering the probable safety of their capital as well as the probable income to be derived. The standard of prudence to be used by investment officials shall be the “prudent investor” standard (CGC Section 53600.3) and shall be applied in the context of managing an overall portfolio. The Treasurer and other investment employees, acting within the intent and scope of the SIP and other written procedures, and exercising due diligence, shall be relieved of personal responsibility for an individual security’s credit risk or market price changes, provided deviations from expectations are reported in the immediately following Treasurer’s Report and appropriate action is taken to control adverse developments. When a deviation poses a significant risk to the City’s financial position, the City Council shall be notified immediately.

1.5 ETHICS
Elected officials, City officers and employees and any other individuals involved in the investment operations are prohibited from personal business activity that could conflict with the proper execution of the investment program, or which could impair their ability to make impartial investment decisions, or which could give t he appearance thereof.

Furthermore, these same individuals are prohibited from undertaking personal investment transactions with any individual with whom business is conducted on behalf of the City.

2.0 OPERATIONS AND PROCEDURES

2.1 SCOPE

a) This SIP applies to all financial assets of the City. These funds are accounted for in the Annual Comprehensive Financial Report and include: General Fund, Special Revenue Funds, Debt Service Funds, Capital Project Funds, Enterprise Funds, and Internal Service Funds.

167

3 b) This SIP specifically exempts and does not apply to the following financial assets and investment activities of the City:
(1) CalPERS, OPEB trusts, and the investment of employees’ deferred compensation funds invested pursuant to Government Code Section 53609 (2) Proceeds of City or other debt issues in possession of a trustee or fiscal agent are not considered to be part of the financial assets covered by this policy.

These bond proceeds shall be invested in accordance with the requirements and restrictions outlined in the bond documents.

2.2 DELEGATION OF AUTHORITY

a) The City Council’s authority to manage the investment program is derived from CGC Sections 53600 et seq.

b) In accordance with the City of Orange Municipal Code Chapter 2.26, management responsibility for the investment program is hereby delegated to the Treasurer, who shall establish written procedures for the operation of the investment program consistent with this SIP. Under the provision of CGC Section 53600.3, the Treasurer is a trustee and a fiduciary subject to the prudent investor standard.

c) The Treasurer may delegate all, or a portion of, their investment authority to a Deputy City Treasurer. Prior to the delegation of the investment authority to a Deputy City Treasurer, the City Treasurer shall notify the City Council and request confirmation of the delegation. Delegation of investment author ity will not remove or abridge the Treasurer’s investment responsibility.

d) The City Council may engage the services of one or more external investment managers to assist in the management of the City’s investment portfolio in a manner consistent with the City’s objectives and in accordance with this SIP. Such external managers may provide advice and effectuate trades upon specific authorization for each transaction. Such managers must be registered under the Investment Advisors Act of 1940 and must have not fewer than five years’ experience investing in the securities and obligations authorized by the CGC Section 53601, and with assets under management in excess of five hundred million dollars ($500,000,000). The Treasurer shall review Form ADV of any investment advisor prior to engagement by the City Council. This Section does not preclude the Treasurer from retaining portfolio consultants within existing authority.

2.3 INVESTMENT OVERSIGHT COMMITTEE

a) Resolution No. 11387, adopted by the City Council on April 12, 2022, established an Investment and Audit Committee (IAC). The terms and provisions of said Resolution, or as it may be later amended, are incorporated into this SIP by reference as though fully set forth herein. The IAC consists of the Treasurer and four citizen members.

168

4 b) The IAC shall, at least annually and more often if directed by the City Council or agreed by a majority of the IAC, review the City Council’s adopted SIP and report to the City Council its recommendations for any changes, additions or deletions to the SIP.

c) The I AC shall monitor the implementation of the City Council’s adopted SIP and annually submit a compliance report to the City Council.

d) The IAC shall review reports to the City Council from Treasurer or other pertinent sources and prepare responses as required.

e) The IAC shall meet and report quarterly to the City Council summarizing the IOC meetings and the recommendations of the Investment Advisory Committee. Such report shall contain an unedited copy of the Investment Advisory Committee’s recommendations.

2.4 AUTHORIZED FINANCIAL INSTITUTIONS AND DEALERS

a) Institutions eligible to transact investment business with the City shall include only the following:
(1) Primary government dealers as designated by the Federal Reserve Bank and non-primary government dealers;
(2) Nationally or state-chartered banks;
(3) The Federal Reserve Bank;
(4) Direct issuers of securities eligible for purchase by the City; (5) Institutions licensed by the state as a broker -dealer, as defined in Section 25004 of the Corporations Code, with proof of FINRA certification; and (6) Institutions that are members of a federally regulated securities exchange.

b) Selection of financial institutions and broker/dealers authorized to engage in transactions with the City shall be at the sole discretion of the City Treasurer. The Treasurer will maintain a list of financial institutions authorized to provide investment services to the City. These institutions may include "primary" dealers or regional dealers that qualify under Securities and Exchange Commission (SEC) Rule 15c3 -1 (uniform net capital rule).

c) The City Treasurer shall obtain information from qualified financial institutions to determine if the institution makes markets in securities appropriate for the City’s needs, can assign qualified sales representatives and can provide written agreements to abide by the conditions set forth in the City of Orange SIP. Investment accounts with all financial institutions shall be standard non -discretionary accounts and may not be margin accounts.

d) All financial institutions which desire to become qualified bidders for investment transactions must supply the Treasurer with the following:
169

5 (1) Audited financial statements for the institution’s three most recent fiscal years;
(2) At least three references from California local agencies whose portfolio size, investment objectives and risk preferences are similar to the City’s; (3) A statement certifying that the institution has reviewed the CGC Sections 53600 et seq. and the City’s SIP, and that all securities offered to the City shall comply fully and in every instance with all provisions of the Code and with this SIP; and,
(4) Completed Broker/Dealer Questionnaire.

e) The Treasurer shall conduct an annual review of the financial condition of qualified institutions. In addition, a current financial statement is required to be on file for each qualified institution.

f) Public deposits shall be made only in qualified public depositories within the State of California as established by State law. Deposits shall be insured by the Federal Deposit Insurance Corporation (FDIC) or, to the extent the amount exceeds the insured maximum, shall be collateralized with securities in accordance with State law.

g) Selection of broker/dealers used by an external investment adviser retained by the City will be at the sole discretion of the adviser. Where possible, transactions with broker/dealers shall be selected on a competitive basis and their bid or offering prices shall be recorded. If there is no other readily available competitive offering, best efforts will be made to document quotations for comparable or alternative securities. When purchasing original issue instrumentality securities, no competitive offerings will be required as all dealers in the selling group offer those securities at the sam e original issue price.

2.5 COLLATERAL REQUIREMENTS
CGC Sections 53652 and 53667 require depositories to post certain types and levels of collateral for public funds on deposit above the FDIC insurance amounts. The collateral requirements apply to bank deposits, both active (checking and savings accounts) and inactive (non-negotiable time certificates of deposit).

2.6 SAFEKEEPING AND DELIVERY

a) To protect against fraud, embezzlement, or losses caused by collapse of individual securities dealers, all securities owned by the City shall be held in safekeeping by the City’s custodial bank, a third party bank trust department, acting as agent for the City under the terms of a custody agreement, and shall be evidenced by safekeeping receipts.

b) All security transactions entered into by the City shall be conducted on a standard delivery-versus-payment (DVP) basis, which ensures that securities are deposited with the third party custodian prior to the release of funds. All securities purchased or acquired shall be delivered to the City by book entry, physical delivery or by third party 170

6 custodial agreement as required by CGC Section 53601. Investments in the State Pool or money market mutual funds are undeliverable, and are not subject to delivery or third party safekeeping requirements.

c) On a daily basis, investment trades shall be verified against the bank transactions and broker confirmation tickets to ensure accuracy. On a monthly basis, the custodial asset statement is reconciled with the month end portfolio holdings. On an annual basis, the external auditor confirms investment holdings.

3.0 PERMITTED INVESTMENTS AND RISK MANAGEMENT

3.1 INVESTMENTS AUTHORIZED
The City, as empowered by CGC Sections 53601 et seq. and 16429.1, hereby authorizes the City Treasurer to select investments from among the following:

a) United States Treasury notes, bonds, bills or certificates of indebtedness, or those for which the faith and credit of the United States are pledged for the payment of principal and interest. (Limits: Maximum maturity at purchase 5 years; no other limits.)

b) Federal Agencies or United States Government -Sponsored Enterprise obligations, participations, , or other instruments of, or issued by, a federal agency or a United States government-sponsored enterprise. In every case, any issue purchased must be fully guaranteed as to principal and interest by the full faith and credit of the United States, or the issuing federal agency. ( Limits: Maximum maturity at purchase 5 years , no more than 30% of total portfolio in any single agency, the maximum percent of agency callable securities in the portfolio will be 20%, and excluding completely Government National Mortgage Association bonds; i.e., GNMAs.)

c) Shares of beneficial interest issued by diversified management companies that are Money Market Mutual Funds, registered with the Securities and Exchange Commission under the Investment Company Act of 1940 investing in the securities and obligations authorized by CGC Sections 53601(b) and (e) only (i.e., U.S. Government issues only). Such Funds must either carry the highest rating of at least two of the three largest national rating agencies, or such funds must have retained an investment adviser registered with the Securities and Exchange Commission with not less than five year’s experience managing money market mutual funds with assets under management in excess of five hundred million dollars ($500 ,000,000). ( Limits: maximum 90 days Weighted Average Maturity; maximum concentration $15 million, or 20%, of portfolio, whichever is less.)

d) State of California Local Agency Investment Fund (LAIF) is permitted, with the knowledge that the fund may invest in some vehicles allowed by statute but not otherwise authorized by the City Council in this SIP. The Treasurer shall obtain from the State Treasurer, no less than quarterly, reports providing sufficient detail to adequately judge the risk inherent in the LAIF portfolio, and shall inform the City 171

7 Council immediately of any risks noted that may warrant reconsideration of this investment vehicle. (Limits: $75 million per account as of 1/1/2020.) e) Investment in new Government sponsored pools will be subject to due diligence. A thorough investigation of the pool is required prior to investing, and on a continual basis.

f) Funds held under the terms of a Trust Indenture or other contract or debt issuance agreement may be invested according to the provisions of those indentures or agreements.

g) Negotiable Certificates of Deposit (NCDs), issued by a nationally or state -chartered bank, a savings association or a federal association, a state or federal credit union, or by a federally licensed or state -licensed branch of a foreign bank, provided that: The amount of the NCD insured up to the FDIC limit does not require any credit ratings; any amount above the FDIC limit must be issued by institutions which have short-term obligations rated “A-1” or its equivalent or better, long -term obligations with “A” or its equivalent or better by at least one NRSRO; no more than 30% of the total portfolio may be invested in NCDs; no more than 5% of the total portf olio may be invested in any single issuer; the maximum maturity does not exceed five (5) years.

h) Federally Insured Time Deposits (Non -Negotiable Certificates of Deposit) in state or federally chartered banks, savings and loans, or credit unions, provided that: The amount per institution is limited to the maximum covered under federal insurance; no more than 20% of the total portfolio will be invested in a combination of federally insured and collateralized time deposi ts; the maximum maturity does not exceed five (5) years.

i) Commercial Paper of prime quality in the highest credit category by a nationally recognized statistical ratings organization (NRSRO) issued by a domestic corporation having assets in excess of $500,000,000 and rated in the category of “A” or better by a NRSRO on its debt other than commercial paper as provided by a national rating agency. (Limits: Maximum maturity of 270 days or less; maximum concentration 25% of portfolio may be invested in Commercial Paper. Under a provision sunsetting on January 1, 2026, no more than 40% of the portfolio may be invested in Commercial Paper if the Agency’s investment assets under management are greater than $100,000,000; no more than 5% of the book value of the portfolio funds to a single issuer at time of purchase.)

j) Medium-term notes issued by corporations organized and operating within the United States or by depository institutions licensed by the United States or any state and operating within the United States. ( Limits: Maximum maturity at purchase 5 years; must be rated in the category of “A” or better by a NRSRO; maximum concentration 30% of portfolio and no more than 5% of the book value of the portfolio funds to a single issuer at time of purchase.)
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8 k) Municipal bonds include obligations issued by the State of California and any local agency within the state of California, and registered bonds of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue producing property owned, controlled, or operated by a state or local agency or by a department, board, agency, or authority of a state or local agency. ( Limits:

Maximum maturity at purchase 5 years; must be rated in the category of “A” or better by a NRSRO; maximum concentration 20% of portfolio and no more than 5% of the book value of the portfolio funds to a single issuer at time of purchase.)

l) Asset-Backed, Mortgage-Backed, Mortgage Pass-Through Securities, and Collateralized Mortgage Obligations from issuers not defined in sections (a) or (b) of the authorized investments section of this policy, provided that: The securities are rated in a rating category of “AA” or its equivalent or better by a NRSRO. No more than 20% of the total portfolio may be invested in these securities. No more than 5% of the total portfolio may be invested in any single Asset-Backed or Commercial Mortgage security issuer. The

m) Supranational securities, senior unsecured unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development, International Finance Corporation, or Inter -American Development Bank which are eligibl e for purchase in the United States. ( Limits: Maximum remaining maturity of five years or less; Investments under this subdivision shall be rated in a rating category of “AA” or its equivalent or higher by a NRSRO ; maximum concentration of 30% of the portfolio with no more than 10% invested in any o ne issuer.)

3.2 PROHIBITED INVESTMENT VEHICLES AND PRACTICES
The City Treasurer is prohibited from the following:

a) Borrowing for investment purposes (“Leverage”) is prohibited.

b) Buying or selling securities “on Margin” is prohibited.

c) Investing in any instrument, which is commonly known as a “derivative” instrument (options, futures, swaps, caps, floors, collars, U.S. Treasury strips, interest only bonds, interest-only strips derived from mortgage pools), or any investment that may result in a zero interest accrual, even if held to maturity, is prohibited.

d) Under the provisions of CGC Sections 53601.6 and 53631.5, the City shall not invest any funds covered by this SIP in instruments known as Structured Notes (e.g. inverse floaters, leverage floaters, structured CD’s, range notes, equity-linked securities). Any such investments are prohibited.
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9 e) Trading securities for the sole purpose of speculating on the future direction of interest rates is prohibited.

f) State law notwithstanding, any investments not specifically described herein under Subsections 3.1 a) through 3.1 c) are prohibited.

g) The purchase of a security with a forward settlement date exceeding 45 days from the time of the investment is prohibited.

3.3 MITIGATING RISK IN THE PORTFOLIO

a) Credit Risk:
(1) The City will diversify its investments in accordance with the limits set forth in Subsection 3.1 of this SIP to diminish the credit risk resulting from concentrations.
(2) The City, on occasion, may sell a security prior to its maturity (recording a gain or loss) in order to improve the risk structure, liquidity and yield of the portfolio in response to market conditions.
(3) If any security owned by the City is downgraded to a level below the requirements of this policy, making it ineligible for additional purchases, the following steps will be taken: Any actions taken related to the downgrade by the investment manager will be communicated to the Finance Director and City Treasurer in a timely manner. If a decision is made to retain the security, the credit situation will be monitored and reported to the City Council.

b) Market Risk: While the City recognizes that longer term portfolios achieve higher returns, longer term portfolios have higher volatility of total return. The City will limit market risk by limiting the concentrations, volume and duration of its longer term investments, as well as limiting them to funds which are not needed for current year cash flow purposes.
(1) Maturities selected shall provide for stability of income and liquidity, and shall not exceed 5 years from the date of purchase . Funds not required for purposes of meeting specific cash flow needs shall be invested in permitted securities so that securities will mature periodically across the maturity spectrum with a maximum of five years.
(2) The City may, on occasion, sell a security prior to its maturity (recording a gain or loss) in order to diminish the portfolio’s exposure to market risk or reinvest into a better opportunity providing more potential earning to the City’s portfolio.

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10 4.0 REPORTING, REVIEW AND AUDITS

4.1 MONTHLY REPORTS

a) The Treasurer shall submit three monthly investment reports to the City Council, and they shall be submitted within 45 days following the end of the quarter . The monthly reports shall include a complete description of the portfolio, the type of investments, the issuers, maturity dates, par and dollar amounts invested on all securities, the current market values of each component of the portfolio, the source of the portfolio valuation, investments and moneys held by the City, and shall additionally include a description of any of the City’s funds, investments, or programs, that are under the management of contracted parties, including lending programs.

b) The report shall also include performance measures as recommended by the CFA Institute’s Global Investment Performance Standards (GIPS). These shall include a presentation of Total Return using accrual accounting, and a Time -weighted Rate of Return using a monthly valuation and one of the GIPS approved methods of calculation. The report shall also include a presentation of Yield to Maturity.

c) The report shall also include the performance of the benchmark described in Subsection

1.3 c) of this SIP as a basis of comparison for the City’s portfolio.

d) The report shall also include the following certifications:
(1) All investment actions executed since the last report have been made in full compliance with the SIP.
(2) The City will meet its expenditure obligations for the next six months is required by CGC Sections 53646(b)(2) and (3).

4.2 INTERNAL CONTROLS
The Treasurer is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the City are protected from loss, theft or misuse. The internal control structure shall be designed to provide reasonable ass urance that these objectives are met. Internal controls shall be in writing and shall address the following points: separation of transaction authority from accounting and record keeping, safekeeping of assets and written confirmation of telephone transactions for investments and wire transfers.

4.3 ANNUAL AUDIT
The Treasurer shall insure that the City’s annual process of independent review by an external auditor will include an appropriate investment review to assure compliance with this policy and acceptable internal controls. The audit shall be presented to th e City Council upon its completion.

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11 4.4 SPECIAL AUDITS
The City Council may at any time order an audit of the investment portfolio and/or the Treasurer’s investment practices.

5.0 INVESTMENT POLICY ADOPTION
The SIP shall be reviewed annually by the City Council for consistency with the City’s overall investment objectives regarding preservation of principal, liquidity, return, relevance to current law as well as to current financial and economic trends. Any modifications necessary must be approved separately by the City Council. The SIP shall then be adopted in its entirety, as amended, within 120 days of the fiscal year end by resolution and vote of the City Council at a public meeting.

5.1 INVESTMENT POLICY CERTIFICATION
The 1999 -2000 version of this investment policy was certified by the Municipal Treasurer’s Association of the United States and Canada, in June 2000. Recommended changes have been incorporated. In the event of any significant changes in legislation that will require significant changes to the SIP, the City will resubmit the new policy for re - certification.

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12 GLOSSARY

AGENCIES: Federal agency securities

ANNUAL COMPREHENSIVE FINANCIAL REPORT: The official annual report for the City of Orange. It includes five combined statements for each individual fund and account group prepared in conformity with GAAP. It also includes supporting schedules necessary to demonstrate compliance with finance -related legal and contractual provisions, extensive introductory material, and a detailed Statistical Section.

ASKED: The price at which securities are offered.

ASSET BACKED SECURITIES: Securities supported by pools of installment loans or leases or by pools of revolving lines of credit.

BANKERS’ ACCEPTANCE (BA): A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill, as well as the issuer.

BENCHMARK: A segment of the securities market with characteristics similar to the subject portfolio. It is used to compare portfolio performance to the performance of the appropriate segment of the market. (e.g. 1-Year T-Bill rate)

BID: The price offered by a buyer of securities. (When you are selling securities, you ask for a bid.) See Offer.

BROKER: A broker brings buyers and sellers together for a commission.

CERTIFICATE OF DEPOSIT (CD): A time deposit with a specific maturity evidenced by a certificate. Large-denomination CD’s are typically negotiable.

COLLATERAL: Securities, evidence of deposit or other property, which a borrower pledges to secure repayment of a loan. Also refers to securities pledged by a bank to secure deposits of public moneys.

COLLATERALIZED MORTGAGE OBLIGATIONS (CMO) : Classes of bonds that redistribute the cash flows of mortgage securities (and whole loans) to create securities that have different levels of prepayment risk, as compared to the underlying mortgage securities.

COMMERCIAL PAPER: Short-term, negotiable unsecured promissory notes of corporations.

COUPON: (a) The annual rate of interest that a bond’s issuer promises to pay the bondholder on the bond’s face value. (b) A certificate attached to a bond evidencing interest due on a payment date.

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13 DEALER: A dealer, as opposed to a broker, acts as a principal in all transactions, buying and selling for his own account.

DEBENTURE: A bond secured only by the general credit of the issuer.

DELIVERY VERSUS PAYMENT: There are two methods of delivery of securities: delivery versus payment and delivery versus receipt. Delivery versus payment is delivery of securities with an exchange of money for the securities. Delivery versus receipt is delivery of securities with an exchange of a signed receipt for the securities.

DISCOUNT: The difference between the cost price of a security and its maturity when quoted at lower than face value. A security selling below original offering price shortly after sale also is considered to be at a discount.

DISCOUNT SECURITIES: Non-interest bearing money market instruments that are issued a discount and redeemed at maturity for full face value; e.g., US Treasury Bills.

DIVERSIFICATION: Dividing investment funds among a variety of securities offering independent returns.

FEDERAL CREDIT AGENCIES: Agencies of the Federal government set up to supply credit to various classes of institutions and individuals; e.g., S&L’s, small business firms, students, farmers, farm cooperatives, and exporters.

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC): A Federal agency that insures bank deposits, currently up to $250,000 per deposit.

FEDERAL FUNDS RATE: The rate of interest at which Federal funds are traded. This rate is currently pegged by the Federal Reserve through open-market operations.

FEDERAL HOME LOAN BANKS (FHLB): The institutions that regulate and lend to savings and loan associations. The Federal Home Loan banks play a role analogous to that played by the Federal Reserve Banks vis-à-vis member commercial banks.

FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA): FNMA, like GNMA, was chartered under the Federal National Mortgage Association Act in 1938. FNMA is a federal corporation working under the auspices of the Department of Housing and Urban Development (HUD). It is the largest single provider of residential mortgage funds in the United States. Fannie Mae, as the corporation is called, is a private stockholder -owned corporation. The corporations’ purchases include a variety of adjustable mortgages and second loans. In addition to fixed -rate mortgages. FNMA’s securities are also highly liquid and are widely accepted. FNMA assumes and guarantees that all security holders will receive timely payment of principal and interest.

FEDERAL OPEN MARKET COMMITTEE (FOMC): Consists of seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank Presidents. The President of 178

14 the New York Federal Reserve Bank is a permanent member, while the other Presidents serve on a rotating basis. The committee periodically meets to set Federal Reserve guidelines regarding purchases and sales of Government Securities in the open market as a means of influencing the volume of bank credit and money.

FEDERAL RESERVE SYSTEM : The central bank of the United States created by Congress and consisting of a seven member Board of Governors in Washington, DC, 12 regional banks and about 5,700 commercial banks that are members of the system.

GLOBAL INVESTMENT PERFORMANCE STANDARDS: Created by the CFA Institute, a global association for investment management professionals, and are governed by the GIPS Executive Committee. Global Investment Performance Standards (GIPS) are a set of voluntary standards used by investment managers throughout the world to ensure the full disclosure and fair representation of their investment performance. The goal of the standards is to make it possible for investors to compare one firm’s performance against that of another firm.

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA or Ginnie Mae ):

Securities influencing the volume of bank credit guaranteed by GNMA and issued by mortgage banks, commercial banks, savings and loan associations, and other institutions. Security holder is protected by full faith and credit of the U.S. Government. Ginnie Mae secu rities are backed by the FHA, VA or FMHM mortgages. The term “pass -throughs” is often used to describe Ginnie Maes.

LEVERAGE: Borrowing funds in order to invest in securities that have the potential to pay earnings at a rate higher than the cost of borrowing.

LIQUIDITY: A liquid asset is one that can be converted easily and rapidly into cash without a substantial loss of value. In the money market, a security is said to be liquid if the spread between bid and asked prices is narrow and reasonable size can be done at those quotes.

LOCAL AGENCY INVESTMENT FUND (LAIF) : A pooled investment vehicle for local agencies in California sponsored by the State of California and administered by the State Treasurer.

MARGIN: The difference between the market value of a security and the loan a broker makes using that security as collateral.

MARKET CYCLE: A market cycle is defined as a period of time which includes a minimum of two consecutive quarters of falling interest rates followed by a minimum of two consecutive quarters of rising interest rates.

MARKET VALUE: The price at which a security is traded and could presumably be purchased or sold.

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15 MATURITY: The date upon which the principal or states value of an investment becomes due and payable. The investment’s term or remaining maturity is measured from the settlement date to final maturity.

MEDIUM TERM NOTES : Unsecured, investment -grade senior debt securities of major corporations which are sold in relatively small amounts on either a continuous or an intermittent basis. MTNs are highly flexible debt instruments that can be structured to respond to market opportunities or to investor preferences.

MONEY MARKET: The market in which short-term debt instruments (bills, commercial paper, bankers’ acceptances, etc.) are issued and traded.

MONEY MARKET MUTUAL FUND : A mutual fund that invests exclusively in short -term securities. Examples of investments in money market funds are certificates of deposit and U.S.

Treasury securities. Money market funds attempt to keep their net asset values at $1 per share.

MORTGAGE PASS-THROUGH SECURITIES: A securitized participation in the interest and principal cash flows from a specified pool of mortgages. Principal and interest payments made on the mortgages are passed through to the holder of the security

MUNICIPAL SECURITIES: Securities issued by state and local agencies to finance capital and operating expenses.

MUTUAL FUND: An entity which pools the funds of investors and invests those funds in a set of securities which is specifically defined in the fund’s prospectus. Mutual funds can be invested in various types of domestic and/or international stocks, bonds, and money market instruments, as set forth in the individual fund’s prospectus. For most large, institutional investors, the costs associated with investing in mutual funds are higher than the investor can obtain through an individually managed portfolio.

NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION (NRSRO):

A credit rating agency that the Securities and Exchange Commission in the United States uses for regulatory purposes. Credit rating agencies provide assessments of an investment's risk. The issuers of investments, especially debt securities, pay credit rat ing agencies to provide them with ratings. The three most prominent NRSROs are Fitch, S&P, and Moody's.

NEGOTIABLE CERTIFICATE OF DEPOSIT : A large denomination certificate of deposit which can be sold in the open market prior to maturity.

OFFER: The price asked by a seller of securities. (When you are buying securities, you ask for an offer.) See Asked and Bid.

PORTFOLIO: Collection of securities held by an investor.

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16 PRIMARY DEALER : group of government securities dealers who submit daily reports of market activity and positions and monthly financial statements to the Federal Reserve Bank of New York and are subject to its informal oversight. Primary dealers include Securities and Exchange Commission (SEC)-registered securities broker-dealers, banks, and a few unregulated firms.

PRUDENT INVESTOR STANDARD : Governing bodies of local agencies or persons authorized to make investment decisions on behalf of those local agencies investing public funds pursuant to CGC Sections 53600 et seq. are trustees and therefore fiduciaries subject to the prudent investor standard. When investing, reinvesting, purchasing, acquiring, exchanging, selling, and managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the ag ency. Within the limitations of the CGC Sections 53600 et seq. and considering individual investments as part to an overall strategy, a trustee is authorized to acquire investments as authorized by law.

QUALIFIED PUBLIC DEPOSITORIES : A financial institution which does not claim exemption from the payment of any sale or compensating use or ad valorem taxes under the laws of this state, which has aggregated for the benefit of the commission eligible collateral having a value of not less than its maximum liability and which has been approved by the Public Deposit Protection Commission to hold public deposits.

SAFEKEEPING: A service to customers rendered by banks for a fee whereby securities and valuables of all types and descriptions are held in the bank’s vaults for protection.

SECONDARY MARKET : A market made for the purchase and sale of outstanding issues following the initial distribution.

SECURITIES & EXCHANGE COMMISSION: Agency created by Congress to protect investors in securities transactions by administering securities legislation.

SECURITIES & EXCHANGE COMMISSION (SEC) RULE 15C3-1: An SEC rule setting capital requirements for brokers and dealers. Under Rule 15c3 -1, a broker or dealer must have sufficient liquidity in order to cover the most pressing obligations. This is defined as having a certain amount of liquidity as a percentage of the broker/dealer's total obligations. If the percentage falls below a certain point, the broker or dealer may not be allowed to take on new clients and may have restrictions placed on dealings with current client.

SUPRANATIONAL: A Supranational is a multi -national organization whereby member states transcend national boundaries or interests to share in the decision making to promote economic development in the member countries.

TIME CERTIFICATE OF DEPOSIT: A non-negotiable certificate of deposit which cannot be sold prior to maturity.
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17 TOTAL RATE OF RETURN : Represents growth (or decline) in the value of a portfolio, including both capital appreciation and income, as a proportion of the starting market value.

TIME-WEIGHTED RATE OF RETURN : A modified measurement of Total rate of Return which eliminates the effect of the timing of funds flows to and/or from a security or portfolio.

TREASURY BILLS: A non -interest bearing discount security issued by the U.S. Treasury to finance the national debt. Most bills are issued to mature in three months, six months, or one year.

TREASURY BOND: Long-term U.S. Treasury securities having initial maturities of more than 10 years.

TREASURY NOTES: A non -interest bearing discount security issued by the US Treasury to finance the national debt. Most bills are issued to mature in one, two, three, five or ten years.

YIELD: The rate of annual income return on an investment, expressed as a percentage.

YIELD TO MATURITY is the calculated rate of return based upon the present value of the cash flow from each interest payment, plus the present value of the cash flow from the investment’s redemption value at maturity vs. the purchase price.

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Agenda Item
Orange City Council
Item #: 3.8. 8/11/2026 File #: 26-0419
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Garrett Smith, City Treasurer

1. SUBJECT
Investment Portfolio Update report for April, May, and June 2026

2. SUMMARY
These reports provide a compilation of three-monthly Treasurer’sReports to the City Council for the fourth quarter of Fiscal Year 2025-2026. 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 the Investment Portfolio Update report for April, May, and June 2026.

4. FISCAL IMPACT
None.

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

6. DISCUSSION AND BACKGROUND
The City’sFiscal Year 2025-26 Statement of Investment Policy was adopted by the City Council of the City of Orange 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. A summary of Treasurer’s cash and investments is also included.

The accompanying reports were not reviewed by the Investment Committee because the regularly scheduled meeting on July 22 was cancelled due to a lack of quorum. Nevertheless, the reports were City of Orange Printed on 8/6/2026Page 1 of 4
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scheduled meeting on July 22 was cancelled due to a lack of quorum. Nevertheless, the reports were distributed to all committee members for their information and review.

Summary of Cash and Investments:

The cash and investment report provides a summary of the cash and investment accounts held by the City as quarter ending June 30, 2026. As of June 30, 2026, the book value of the City’stotal cash and investment portfolio was $175,149,876 million, of which $110 million, or 63%, was managed by Chandler Asset Management (Chandler), the City’sinvestment manager. The remaining balance of $65 million was managed by City staff - of which $47.2 million was invested in the Local Agency Investment Fund (LAIF) and almost $17.9 million held in the City’s operating checking account.

Cash & Investments Balance₁
Chandler Investments: $110,106,734
LAIF, City: $41,177,229
LAIF, Successor Agency: $6,009,026
Wells Fargo Bank: $17,856,887
Balance at 12/31/2025 $175,149,876
(1)Represents the bank balance. Includes operating cash and investments (valued at cost). Does not include deposits with administrator, impress cash, fiscal agent cash and investments, and deferred compensation.

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

In summary, cash and investments as of June 30, 2026 totaled just over $175 million. The City’s balances by fund are presented in the table below.

Fund Categories Amount
General Fund 35,134,200 20%
Special Revenue Fund 37,346,406 21%
Enterprise Fund 45,103,587 26%
Capital Project Fund 25,460,435 15%
Internal Service Fund 9,301,140 5%
Other Funds 22,804,108 13%
175,149,876 100.0%
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Item #: 3.8. 8/11/2026 File #: 26-0419
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, negotiable CDs, and supranational agency bonds to obtain higher yields and add diversity to the portfolio. As of June 30, 2026 the City investments consisted of the following and are compliant with the Investment Policy.

Cash Transactions:

The City’s total cash and investment increased by approximately $11.4 million from the last quarter, bringing the total to just over $175 million. 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.

Investment Type
Book Value as of
June 30, 2026
Percentage of Portfolio
Investment by Type
Federal Agency Securities 25,479,553 62.86%
Corporate Notes 30,139,466
Commercial Paper 2,192,599
U.S. Treasury Notes 35,055,400
Asset Backed Securities 11,017,154
Supranational 2,608,095
Money Market Fund 313,863
Negotiable CD 2,896,957
Chandler Custodial Cash 403,647
Local Agency Investment Fund City (LAIF 604) 41,177,229 26.94% Local Agency Investment Fund Successor (LAIF 007) 6,009,026 Checking Account/Custodial Cash (WF14) 632,734 10.20% Checking Account/Custodial Cash (WF15) 120,022
Checking Account/Custodial Cash (WF12) 17,104,131
Total Investments 175,149,876 100%
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Investment Type
Book Value as of
June 30, 2026
Percentage of Portfolio
Investment by Type
Federal Agency Securities 25,479,553 62.86%
Corporate Notes 30,139,466
Commercial Paper 2,192,599
U.S. Treasury Notes 35,055,400
Asset Backed Securities 11,017,154
Supranational 2,608,095
Money Market Fund 313,863
Negotiable CD 2,896,957
Chandler Custodial Cash 403,647
Local Agency Investment Fund City (LAIF 604) 41,177,229 26.94% Local Agency Investment Fund Successor (LAIF 007) 6,009,026 Checking Account/Custodial Cash (WF14) 632,734 10.20% Checking Account/Custodial Cash (WF15) 120,022
Checking Account/Custodial Cash (WF12) 17,104,131
Total Investments 175,149,876 100%
Treasurers’ Comments:

Our investment portfolio is in full compliance and staying at a healthy yield. Bond yields over the last quarter had a modest positive return. I am hopeful this trend continues into the end of our calendar year 2026.

7. ATTACHMENTS
· Attachment 1 Chandler Monthly Investment Report April 2026 · Attachment 2 Chandler Monthly Investment Report May 2026 · Attachment 3 Chandler Monthly Investment Report June 2026 · Attachment 4 Chandler Investment Report for the Period Ending June 30, 2026 City of Orange Printed on 8/6/2026Page 4 of 4
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Agenda Item
Orange City Council
Item #: 3.8. 8/11/2026 File #: 26-0419
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Garrett Smith, City Treasurer

1. SUBJECT
Investment Portfolio Update for April, May, and June 2026

3. RECOMMENDED ACTION
Receive and file the Investment Portfolio Update report for April, May, and June 2026.

4. FISCAL IMPACT
None.

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

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

The Investment Portfolio Statement accurately reflects all investments held by the City and its agents as of the end of the month. A summary of Treasurer’s cash and investments is also included.

The accompanying reports were not reviewed by the Investment Committee because the regularly scheduled meeting on July 22 was cancelled due to a lack of quorum. Nevertheless, the reports were City of Orange Printed on 8/6/2026Page 1 of 4
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Item #: 3.8. 8/11/2026 File #: 26-0419
scheduled meeting on July 22 was cancelled due to a lack of quorum. Nevertheless, the reports were distributed to all committee members for their information and review.

Summary of Cash and Investments:

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

In summary, cash and investments as of June 30, 2026 totaled just over $175 million. The City’s balances by fund are presented in the table below.

Fund Categories Amount
General Fund 35,134,200 20%
Special Revenue Fund 37,346,406 21%
Enterprise Fund 45,103,587 26%
Capital Project Fund 25,460,435 15%
Internal Service Fund 9,301,140 5%
Other Funds 22,804,108 13%
175,149,876 100.0%
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188
Item #: 3.8. 8/11/2026 File #: 26-0419
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, negotiable CDs, and supranational agency bonds to obtain higher yields and add diversity to the portfolio. As of June 30, 2026 the City investments consisted of the following and are compliant with the Investment Policy.

Cash Transactions:

Investment Type
Book Value as of
June 30, 2026
Percentage of Portfolio
Investment by Type
Federal Agency Securities 25,479,553 62.86%
Corporate Notes 30,139,466
Commercial Paper 2,192,599
U.S. Treasury Notes 35,055,400
Asset Backed Securities 11,017,154
Supranational 2,608,095
Money Market Fund 313,863
Negotiable CD 2,896,957
Chandler Custodial Cash 403,647
Local Agency Investment Fund City (LAIF 604) 41,177,229 26.94% Local Agency Investment Fund Successor (LAIF 007) 6,009,026 Checking Account/Custodial Cash (WF14) 632,734 10.20% Checking Account/Custodial Cash (WF15) 120,022
Checking Account/Custodial Cash (WF12) 17,104,131
Total Investments 175,149,876 100%
City of Orange Printed on 8/6/2026Page 3 of 4
powered by Legistar™
189
Item #: 3.8. 8/11/2026 File #: 26-0419
Investment Type
Book Value as of
June 30, 2026
Percentage of Portfolio
Investment by Type
Federal Agency Securities 25,479,553 62.86%
Corporate Notes 30,139,466
Commercial Paper 2,192,599
U.S. Treasury Notes 35,055,400
Asset Backed Securities 11,017,154
Supranational 2,608,095
Money Market Fund 313,863
Negotiable CD 2,896,957
Chandler Custodial Cash 403,647
Local Agency Investment Fund City (LAIF 604) 41,177,229 26.94% Local Agency Investment Fund Successor (LAIF 007) 6,009,026 Checking Account/Custodial Cash (WF14) 632,734 10.20% Checking Account/Custodial Cash (WF15) 120,022
Checking Account/Custodial Cash (WF12) 17,104,131
Total Investments 175,149,876 100%
Treasurers’ Comments:

MONTHLY ACCOUNT STATEMENT
City of Orange | Account #10888 | As of April 30, 2026
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 0.19% 0.23% 0.46% 3.44% 5.16% 4.44% -- -- 2.07% Benchmark Return 0.15% 0.18% 0.34% 3.01% 5.15% 3.83% -- -- 1.89% Average Modified Duration 2.51
Average Coupon 3.80%
Average Purchase YTM 4.00%
Average Market YTM 4.08%
Average Credit Quality* AA+
Average Final Maturity 2.97
Average Life 2.76
End Values as of
03/31/2026
End Values as of
04/30/2026
Market Value 109,020,479.89 109,220,511.92
Accrued Interest 735,162.22 737,436.98
Total Market Value 109,755,642.11 109,957,948.89
Income Earned 583,399.84 366,641.83
Cont/WD 0.00 0.00
Par 109,290,271.84 109,624,378.86
Book Value 108,860,229.58 109,211,048.93
Cost Value 108,719,033.72 109,053,085.20
United States 36.94%
Federal Home Loan Mortgage Corp 8.64%
Federal Home Loan Banks 8.22%
Farm Credit System 3.81%
International Bank for Recon and Dev 2.40%
Morgan Stanley 2.01%
Mitsubishi UFJ Financial Group, Inc. 1.99%
Chase Issuance Trust 1.80%
**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. 192
CONFIDENTIAL | 3
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 108,860,229.58 105,399,801.80
Maturities/Calls 0.00 (21,985,000.00)
Principal Paydowns (168,927.46) (793,567.23)
Purchases 916,413.49 70,446,970.30
Sales (407,238.16) (44,063,904.83)
Change in Cash, Payables, Receivables (6,225.21) (1,005.78) Amortization/Accretion 16,796.68 164,375.50
Realized Gain (Loss) 0.01 43,379.18
Ending Book Value 109,211,048.93 109,211,048.93
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 109,020,479.89 105,780,134.31
Maturities/Calls 0.00 (21,985,000.00)
Principal Paydowns (168,927.46) (793,567.23)
Purchases 916,413.49 70,446,970.30
Sales (407,238.16) (44,063,904.83)
Change in Cash, Payables, Receivables (6,225.21) (1,005.78) Amortization/Accretion 16,796.68 164,375.50
Change in Net Unrealized Gain (Loss) (150,787.32) (370,869.53) Realized Gain (Loss) 0.01 43,379.18
Ending Market Value 109,220,511.92 109,220,511.92
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (21,985,000.00)
Principal Paydowns
Month to Date (168,927.46)
Fiscal Year to Date (793,567.23)
Purchases
Month to Date 916,413.49
Fiscal Year to Date 70,446,970.30
Sales
Month to Date (407,238.16)
Fiscal Year to Date (44,063,904.83)
Interest Received
Month to Date 347,570.39
Fiscal Year to Date 3,276,647.22
Purchased / Sold Interest
Month to Date 0.00
Fiscal Year to Date (81,315.76)
193
CONFIDENTIAL | 4
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027 11,457.43 02/16/2023

5.09%
11,455.30
11,456.93
100.09

3.84%
11,468.13

16.04 0.01%

11.20 Aaa/NA
AAA

0.97 0.08
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 89,749.66 02/22/2023

3.39%
89,733.31
89,744.30
100.23

4.24%
89,958.51
199.84

0.08%
214.20
Aaa/NA
AAA

1.54 0.28
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 430,000.00 02/05/2025

4.66%
429,949.26
429,969.62
100.45

3.98%
431,922.96
612.27

0.40%
1,953.34
NA/AAA
AAA

1.81 0.61
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 46,828.64 07/11/2023

5.47%
46,820.34
46,825.36
100.47

3.78%
47,050.10

42.69 0.04%
224.73
NA/AAA
AAA

1.82 0.27
44935DAD1 HALST 2025-B A3 4.53
04/17/2028 330,000.00 04/24/2025

4.53%
329,970.20
329,980.27
100.44

4.10%
331,435.83
664.40

0.30%
1,455.56
NA/AAA
AAA

1.97 0.91
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026 350,000.00 06/07/2023

4.92%
349,968.96
349,999.60
100.05

3.69%
350,163.80
757.56

0.32%
164.20
NA/AAA
AAA

0.04 0.04
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 985,000.00 --

4.80%
985,558.36
985,307.02
100.44

4.08%
989,311.35
1,378.45

0.91%
4,004.32
NA/AAA
AAA

2.06 0.81
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 166,122.98 11/01/2023

5.74%
166,093.72
166,109.42
100.85

4.07%
167,532.03
261.64

0.15%
1,422.61
Aaa/NA
AAA

2.14 0.49
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.23%
1,059,706.17
1,059,860.40
100.45

3.98%
1,064,749.86
2,430.93

0.97%
4,889.46
NA/AAA
AAA

2.38 0.36
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2026 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,994.08
100.49

3.92%
1,060,212.76
2,452.29

0.97%
5,218.67
NA/AAA
AAA

0.38 0.36
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 329,803.03 06/04/2024

5.18%
329,752.94
329,773.00
100.79

3.88%
332,392.32
284.73

0.30%
2,619.32
Aaa/AAA
NA

2.83 0.58
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 470,769.52 06/11/2024

5.81%
470,677.49
470,713.75
100.90

4.11%
475,028.57
1,088.00

0.43%
4,314.82
Aaa/NA
AAA

2.87 0.78
44934QAD3 HART 2024-B A3 4.84
03/15/2029 271,255.88 07/16/2024

5.45%
271,214.95
271,230.55
100.59

3.96%
272,861.45
583.50

0.25%
1,630.90
NA/AAA
AAA

2.87 0.64
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 564,634.15 08/09/2024

4.66%
564,545.45
564,578.22
100.37

4.05%
566,747.01
716.77

0.52%
2,168.80
Aaa/NA
AAA

2.89 0.65
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 530,000.00 05/14/2025

4.66%
529,935.39
529,951.02
100.63

4.22%
533,360.73
1,085.91

0.49%
3,409.71
NA/AAA
AAA

2.96 1.46
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,982.57
100.97

4.01%
509,880.83
1,106.51

0.47%
4,898.26
Aaa/AAA
NA

3.04 0.99
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 500,000.00 03/04/2025

5.09%
499,968.55
499,976.47
100.20

4.14%
500,988.50
940.00

0.46%
1,012.03
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
794,981.97
100.54

4.07%
799,266.77
1,009.21

0.73%
4,284.80
NA/AAA
AAA

3.39 0.98
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 680,000.00 02/04/2025

4.56%
679,933.02
679,950.62
100.51

4.05%
683,477.52
516.80

0.63%
3,526.90
Aaa/AAA
NA

3.41 0.93
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 560,000.00 10/17/2024

4.29%
559,916.78
559,942.15
100.34

4.08%
561,919.68
1,067.73

0.51%
1,977.53
Aaa/AAA
NA

3.46 1.38
44935CAD3 HART 2025-A A3 4.32
10/15/2029 635,000.00 03/04/2025

4.84%
634,906.34
634,929.50
100.31

4.07%
636,998.98
1,219.20

0.58%
2,069.48
NA/AAA
AAA

3.46 1.10
161571HZ0 CHAIT 2025-1 A 4.16 07/15/2030 900,000.00 02/26/2026

3.70%
910,089.84
909,358.36
100.08

4.16%
900,675.00
1,664.00

0.82%
(8,683.36)
NA/AAA
AAA

4.21 2.06
89240QAD7 TAOT 2026-B A3 4.13
12/16/2030 400,000.00 04/14/2026

4.27%
399,915.64
399,916.14

99.84 4.24%
399,360.40
458.89

0.37%
(555.74)
Aaa/AAA
NA

4.63 2.25
Total ABS 11,665,621.29 4.80%
11,675,012.03
11,674,531.32
100.44

4.05%
11,716,763.06
20,557.38

10.73%
42,231.74

2.68 0.95
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

99.29 3.81%
4,964,650.00
11,500.00

4.55%
(35,350.00)
Aa1/AA+
AA+

0.25 0.24
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
2,014,063.38
100.67

3.86%
2,013,440.00
11,180.56

1.84%
(623.38)
Aa1/AA+
AA+

1.38 1.32
3130AEB25 FEDERAL HOME LOAN BANKS

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

4.15%
1,921,180.00
1,965,922.85

98.69 3.90%
1,973,886.00
25,638.89

1.81%
7,963.15
Aa1/AA+
AA+

2.11 1.99
3130AXQK7 FEDERAL HOME LOAN BANKS

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

4.05%
2,060,660.00
2,032,552.60
102.00

3.93%
2,039,938.00
37,736.11

1.87%
7,385.40
Aa1/AA+
AA+

2.61 2.39
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
2,102,556.40
102.30

3.93%
2,148,388.20
277.08

1.97%
45,831.80
Aa1/AA+
AA+

3.00 2.78
Total Agency 13,100,000.00 2.95%
13,141,823.00
13,115,095.24
100.33

3.87%
13,140,302.20
86,332.64

12.03%
25,206.96

1.52 1.42

AGENCY CMBS
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 2,200,000.00 02/11/2026

3.70%
2,202,750.00
2,202,500.31

99.24 4.15%
2,183,275.60
7,058.33

2.00%
(19,224.71)
Aa1/AA+
AAA

2.07 1.87
3137FNX54 FHMS K-097 A2 2.508
07/25/2029 2,000,000.00 02/18/2026

3.76%
1,919,062.50
1,923,492.90

94.90 4.19%
1,898,076.00
4,180.00

1.74%
(25,416.90)
Aaa/AA+
AA+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030 1,500,000.00 06/12/2025

4.23%
1,365,820.31
1,391,540.11

92.62 4.22%
1,389,352.50
2,586.25

1.27%
(2,187.61)
Aa1/AA+
AAA

3.74 3.49
3137HB2L7 FHMS K-753 A2 4.4 10/25/2030 2,000,000.00 02/18/2026

3.87%
2,040,390.63
2,038,780.77
100.30

4.29%
2,006,002.00
7,333.33

1.84%
(32,778.77)
Aa1/AA+
AAA

4.49 3.90
3137F8ZV8 FHMS K-123 A2 1.621
12/25/2030 2,200,000.00 02/11/2026

3.98%
1,976,648.44
1,985,976.05

89.11 4.27%
1,960,422.20
2,971.83

1.79%
(25,553.85)
Aa1/AA+
AAA

4.65 4.29
Total Agency CMBS 9,900,000.00 3.88%
9,504,671.88
9,542,290.14

95.51 4.22%
9,437,128.30
24,129.75

8.64%
(105,161.84)

3.60 3.27
CASH
CCYUSD Receivable 725.36 -- 725.36
725.36

1.00 725.36

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 725.36
725.36
725.36

1.00 725.36

0.00 0.00%

0.00 0.00

0.00 COMMERCIAL
PAPER
62479MH30 MUFG Bank, Ltd., New York
Branch 08/03/2026 2,200,000.00 02/13/2026

3.73%
2,162,545.61
2,178,917.89

99.00 3.92%
2,177,960.40

0.00 1.99%
(957.49)
P-1/A-1
NA

0.26 0.19
Total Commercial
Paper 2,200,000.00 3.73%
2,162,545.61
2,178,917.89

99.00 3.92%
2,177,960.40

0.00 1.99%
(957.49)

0.26 0.19

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

5.18%
504,641.45
504,957.47
100.39

3.99%
506,990.21
3,828.88

0.46%
2,032.73
A1/A
A+

0.36 0.35
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,981.93
100.46

4.23%
381,736.98
9,250.63

0.35%
1,755.05
A1/A+
NA

0.53 0.42
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
999,285.92
101.09

4.22%
1,010,902.00
14,836.11

0.93%
11,616.08
A1/A
AA-

1.70 1.59
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,237,639.10

99.61 5.04%
1,245,177.50
13,410.56

1.14%
7,538.40
A1/A-
AA-

1.73 0.69
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,478,129.14

99.16 4.09%
1,487,419.50
10,950.00

1.36%
9,290.37
A1/A+
NA

1.80 1.71
857477CU5 STATE STREET CORP 4.536
02/28/2028 1,285,000.00 02/25/2025

4.51%
1,285,000.00
1,285,000.00
100.61

4.18%
1,292,793.53
10,200.33

1.18%
7,793.53
Aa3/A
AA-

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
58933YBH7 MERCK & CO INC 4.05
05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,256,504.37
100.06

4.02%
1,250,786.25
23,062.50

1.15%
(5,718.12)
Aa3/A+
NA

2.05 1.91
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
980,796.81

99.88 4.29%
998,811.00
12,513.89

0.91%
18,014.19
A2/A+
A

2.71 2.50
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,196,978.59
101.20

4.13%
1,214,433.60
13,953.33

1.11%
17,455.01
A1/A+
NA

2.76 2.53
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,362.88
101.65

4.22%
1,270,631.25
10,946.18

1.16%
20,268.37
A1/AA-
NA

2.83 2.52
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029 1,000,000.00 --

3.75%
998,465.00
998,539.23

98.63 4.21%
986,316.00
5,344.44

0.90%
(12,223.23)
Aa3/A+
NA

2.86 2.67
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,247,466.60
101.55

4.22%
1,269,355.00
20,781.25

1.16%
21,888.40
A2/A
A

3.15 2.79
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
703,984.51

99.92 4.23%
704,407.10
6,333.25

0.64%
422.58
Aa3/AA-
NA

3.29 3.01
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,270,535.94
100.90

4.35%
1,261,280.00
12,270.83

1.15%
(9,255.94)
A2/A
A

3.29 2.92
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,280,490.92

99.12 4.46%
1,288,562.60
5,281.79

1.18%
8,071.68
Aa1/AA+
NA

3.41 3.12
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,659.55
100.60

4.42%
834,982.49
15,484.11

0.76%
5,322.94
Aa1/AA+
AAA

3.60 3.22
14913UAX8 CATERPILLAR FINANCIAL
SERVICES CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,632.22
102.35

4.11%
982,528.32
14,464.00

0.90%
23,896.10
A1/A
A+

3.69 3.31
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,752.06
100.90

4.63%
827,373.44
12,500.44

0.76%
8,621.38
Aa3/AA-
AA-

3.70 3.30
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,200,000.00 --

4.90%
1,202,338.00
1,201,920.43
101.28

4.57%
1,215,385.20
18,315.00

1.11%
13,464.78
Aa3/AA+
AA+

3.70 3.30
57636QAP9 MASTERCARD INC 3.35
03/26/2030 1,200,000.00 03/30/2026

4.28%
1,159,488.00
1,160,350.55

96.71 4.27%
1,160,464.80
3,908.33

1.06%
114.25
Aa3/A+
NA

3.90 3.60
24422EYF0 JOHN DEERE CAPITAL CORP

4.375 10/15/2030 1,000,000.00 03/30/2026

4.44%
997,420.00
997,468.21

99.84 4.41%
998,429.00
1,944.44

0.91%
960.79
A1/A
A+

4.46 4.00
61747YFU4 MORGAN STANLEY 4.654
10/18/2030 2,200,000.00 02/13/2026

4.16%
2,236,300.00
2,234,320.99

99.83 4.72%
2,196,260.00
3,697.34

2.01%
(38,060.99)
A1/A-
A+

4.47 3.16
828807EB9 SIMON PROPERTY GROUP LP 4.3
01/15/2031 1,400,000.00 02/18/2026

4.23%
1,403,920.00
1,403,761.86

98.60 4.63%
1,380,341.20
18,060.00

1.26%
(23,420.66)
A3/A
NA

4.71 4.16
46647PEV4 JPMORGAN CHASE & CO 5.14
01/24/2031 1,300,000.00 02/11/2026

4.22%
1,343,264.00
1,340,923.78
101.78

4.62%
1,323,098.40
18,004.28

1.21%
(17,825.38)
A1/A
AA-

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
025816DY2 AMERICAN EXPRESS CO 5.085
01/30/2031 1,000,000.00 03/30/2026

4.62%
1,016,100.00
1,015,743.75
101.77

4.59%
1,017,700.00
12,853.75

0.93%
1,956.25
A2/A-
A

4.75 3.34
02079KBK2 ALPHABET INC 4.1 02/15/2031 1,300,000.00 02/12/2026

4.10%
1,300,075.52
1,300,072.26

98.83 4.37%
1,284,745.80
11,548.33

1.18%
(15,326.46)
Aa2/AA+
NA

4.80 4.26
Total Corporate 29,335,000.00 4.52%
29,266,587.82
29,332,259.09
100.21

4.38%
29,390,911.16
303,744.01

26.91%
58,652.06

3.26 2.77

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 388,032.21 --

3.27%
388,032.21
388,032.21

1.00 3.27%
388,032.21

0.00 0.36%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 388,032.21 3.27%
388,032.21
388,032.21

1.00 3.27%
388,032.21

0.00 0.36%

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
1,972,707.74

99.12 3.92%
1,982,390.00
21,194.44

1.82%
9,682.26
Aaa/AAA
NA

2.20 2.07
459058LR2

INTERNATIONAL BANK FOR

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

4.20%
632,733.05
633,238.33
100.48

3.99%
638,035.94
2,983.18

0.58%
4,797.60
Aaa/AAA
NA

3.89 3.54
Total
Supranational 2,635,000.00 4.20%
2,571,113.05
2,605,946.08

99.45 3.94%
2,620,425.94
24,177.62

2.40%
14,479.86

2.61 2.43

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

1.01%
2,980,546.88
2,998,380.68

98.84 3.71%
2,965,218.00
2,223.36

2.71%
(33,162.68)
Aa1/AA+
AA+

0.42 0.41
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 1,500,000.00 03/27/2024

4.18%
1,504,511.72
1,502,594.62
100.89

3.91%
1,513,359.00
10,740.49

1.39%
10,764.38
Aa1/AA+
AA+

2.83 2.63
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,176,588.23
100.57

3.92%
2,212,460.80
7,686.48

2.03%
35,872.57
Aa1/AA+
AA+

2.92 2.72
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,000,000.00 --

4.13%
2,042,382.82
2,027,014.22
101.98

3.92%
2,039,532.00
251.36

1.87%
12,517.78
Aa1/AA+
AA+

3.00 2.78
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,215,273.16
101.66

3.92%
2,236,524.40
41,340.66

2.05%
21,251.24
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
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,500,000.00 --

3.62%
2,540,527.34
2,527,819.14
100.20

3.93%
2,504,882.50
24,861.88

2.29%
(22,936.64)
Aa1/AA+
AA+

3.25 2.99
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,941,450.60

97.46 3.94%
1,949,218.00
10,529.89

1.78%
7,767.40
Aa1/AA+
AA+

3.34 3.11
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.10%
2,177,828.13
2,184,584.68

99.77 3.95%
2,194,843.20
7,220.63

2.01%
10,258.52
Aa1/AA+
AA+

3.42 3.16
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 2,500,000.00 04/29/2025

3.77%
2,523,535.16
2,518,298.77
100.15

3.95%
2,503,807.50
271.74

2.29%
(14,491.27)
Aa1/AA+
AA+

3.50 3.23
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,375,264.93
100.56

3.95%
2,413,500.00
41,340.66

2.21%
38,235.07
Aa1/AA+
AA+

3.59 3.25
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 2,500,000.00 04/29/2025

3.78%
2,550,488.28
2,539,849.99
100.97

3.97%
2,524,317.50
26,415.75

2.31%
(15,532.49)
Aa1/AA+
AA+

3.76 3.41
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00 --

4.02%
2,697,195.31
2,697,808.88
100.11

3.97%
2,702,848.50
18,195.65

2.47%
5,039.62
Aa1/AA+
AA+

3.83 3.50
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 2,500,000.00 04/29/2025

3.80%
2,480,664.06
2,484,604.46

98.74 3.98%
2,468,457.50
7,675.89

2.26%
(16,146.96)
Aa1/AA+
AA+

3.92 3.60
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 2,700,000.00 05/29/2025

4.03%
2,681,542.97
2,684,995.96

99.62 3.98%
2,689,664.40
284.31

2.46%
4,668.44
Aa1/AA+
AA+

4.00 3.67
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 2,600,000.00 --

3.84%
2,589,183.60
2,590,871.41

99.12 3.98%
2,577,148.60
40,714.29

2.36%
(13,722.81)
Aa1/AA+
AA+

4.08 3.69
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 2,500,000.00 --

3.68%
2,519,589.84
2,518,753.17

99.54 3.99%
2,488,575.00
24,084.94

2.28%
(30,178.17)
Aa1/AA+
AA+

4.25 3.85
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 2,400,000.00 09/29/2025

3.74%
2,387,625.00
2,389,098.71

98.50 4.01%
2,363,906.40
14,657.61

2.16%
(25,192.31)
Aa1/AA+
AA+

4.34 3.94
Total US Treasury 40,400,000.00 3.77%
40,342,574.24
40,373,251.60

99.88 3.94%
40,348,263.30
278,495.57

36.94%
(24,988.30)

3.38 3.09
Total Portfolio 109,624,378.86 4.00%
109,053,085.20
109,211,048.93

99.33 4.08%
109,220,511.92
737,436.98
100.00%
9,462.99

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

ACQUISITIONS
Purchase 04/02/2026 31846V203 6,950.57 FIRST AMER:GVT OBLG Y 1.000 3.27% (6,950.57) 0.00 (6,950.57) 0.00
Purchase 04/15/2026 31846V203 15,301.34 FIRST AMER:GVT OBLG Y 1.000 3.27% (15,301.34) 0.00 (15,301.34) 0.00
Purchase 04/15/2026 31846V203 100,186.91 FIRST AMER:GVT OBLG Y 1.000 3.27% (100,186.91) 0.00 (100,186.91) 0.00
Purchase 04/20/2026 31846V203 56,623.24 FIRST AMER:GVT OBLG Y 1.000 3.27% (56,623.24) 0.00 (56,623.24) 0.00
Purchase 04/21/2026 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 99.979 4.27% (399,915.64) 0.00 (399,915.64) 0.00 Purchase 04/21/2026 31846V203 74,514.35 FIRST AMER:GVT OBLG Y 1.000 3.26% (74,514.35) 0.00 (74,514.35) 0.00
Purchase 04/27/2026 31846V203 49,998.78 FIRST AMER:GVT OBLG Y 1.000 3.28% (49,998.78) 0.00 (49,998.78) 0.00
Purchase 04/28/2026 31846V203 14,485.16 FIRST AMER:GVT OBLG Y 1.000 3.29% (14,485.16) 0.00 (14,485.16) 0.00
Purchase 04/30/2026 31846V203 46,250.00 FIRST AMER:GVT OBLG Y 1.000 3.27% (46,250.00) 0.00 (46,250.00) 0.00
Purchase 04/30/2026 31846V203 152,187.50 FIRST AMER:GVT OBLG Y 1.000 3.27% (152,187.50) 0.00 (152,187.50) 0.00
Total Purchase 916,497.85 (916,413.49) 0.00 (916,413.49) 0.00 TOTAL
ACQUISITIONS 916,497.85 (916,413.49) 0.00 (916,413.49) 0.00

DISPOSITIONS
Sale 04/13/2026 31846V203 (6,589.11) FIRST AMER:GVT OBLG Y 1.000 3.25% 6,589.11 0.00 6,589.11 0.00
Sale 04/21/2026 31846V203 (399,915.64) FIRST AMER:GVT OBLG Y 1.000 3.26% 399,915.64 0.00 399,915.64 0.00
Sale 04/24/2026 31846V203 (733.41) FIRST AMER:GVT OBLG
Y 1.000 3.28% 733.41 0.00 733.41 0.00
Total Sale (407,238.16) 407,238.16 0.00 407,238.16 0.00 200
CONFIDENTIAL | 11
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
TOTAL
DISPOSITIONS (407,238.16) 407,238.16 0.00 407,238.16 0.00 OTHER

TRANSACTIONS
Coupon 04/01/2026 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 04/01/2026 3137F8ZV8 0.00 FHMS K-123 A2 1.621
12/25/2030 3.98% 2,971.83 0.00 2,971.83 0.00
Coupon 04/01/2026 3137HB2L7 0.00 FHMS K-753 A2 4.4
10/25/2030 3.87% 7,333.33 0.00 7,333.33 0.00
Coupon 04/01/2026 3137FNX54 0.00 FHMS K-097 A2 2.508
07/25/2029 3.76% 4,180.00 0.00 4,180.00 0.00
Coupon 04/01/2026 3137FG6X8 0.00 FHMS K-077 A2 3.85
05/25/2028 3.70% 7,058.33 0.00 7,058.33 0.00
Coupon 04/15/2026 47786WAD2 0.00 JDOT 2024-B A3 5.2
03/15/2029 5.81% 2,201.89 0.00 2,201.89 0.00
Coupon 04/15/2026 44934QAD3 0.00 HART 2024-B A3 4.84
03/15/2029 5.45% 1,149.50 0.00 1,149.50 0.00
Coupon 04/15/2026 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 04/15/2026 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 4,558.00 0.00 4,558.00 0.00
Coupon 04/15/2026 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 1,762.50 0.00 1,762.50 0.00
Coupon 04/15/2026 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 2,074.71 0.00 2,074.71 0.00
Coupon 04/15/2026 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2026 4.92% 1,420.42 0.00 1,420.42 0.00
Coupon 04/15/2026 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 04/15/2026 58768YAD7 0.00 MBALT 2025-A A3 4.61
04/16/2029 4.66% 2,036.08 0.00 2,036.08 0.00
201
CONFIDENTIAL | 12
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 04/15/2026 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 04/15/2026 24422EYF0 0.00

JOHN DEERE
CAPITAL CORP 4.375
10/15/2030

4.44% 21,875.00 0.00 21,875.00 0.00
Coupon 04/15/2026 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 2,002.00 0.00 2,002.00 0.00
Coupon 04/15/2026 161571HZ0 0.00 CHAIT 2025-1 A 4.16
07/15/2030 3.70% 3,120.00 0.00 3,120.00 0.00
Coupon 04/15/2026 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 3.39% 431.58 0.00 431.58 0.00
Coupon 04/18/2026 61747YFU4 0.00 MORGAN STANLEY

4.654 10/18/2030 4.16% 51,194.00 0.00 51,194.00 0.00
Coupon 04/20/2026 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 04/20/2026 36271VAD9 0.00 GMALT 2025-1 A3 4.66
02/21/2028 4.66% 1,669.83 0.00 1,669.83 0.00
Coupon 04/21/2026 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.74% 863.45 0.00 863.45 0.00
Coupon 04/21/2026 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.09% 85.28 0.00 85.28 0.00
Coupon 04/21/2026 43813YAC6 0.00 HAROT 2024-3 A3 4.57
03/21/2029 4.66% 2,313.15 0.00 2,313.15 0.00
Coupon 04/21/2026 43814VAC1 0.00 HAROT 2025-1 A3 4.57
09/21/2029 4.57% 3,027.62 0.00 3,027.62 0.00
Coupon 04/25/2026 05592XAD2 0.00 BMWOT 2023-A A3

5.47 02/25/2028 5.47% 250.36 0.00 250.36 0.00
Coupon 04/25/2026 096919AD7 0.00 BMWOT 2024-A A3

5.18 02/26/2029 5.18% 1,544.01 0.00 1,544.01 0.00
Coupon 04/25/2026 096924AD7 0.00 BMWOT 2025-A A3

4.56 09/25/2029 4.56% 2,584.00 0.00 2,584.00 0.00
Coupon 04/30/2026 3133ERDH1 0.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.75 04/30/2029

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 04/30/2026 91282CKP5 0.00

UNITED STATES
TREASURY 4.625
04/30/2029

4.13% 46,250.00 0.00 46,250.00 0.00
Coupon 04/30/2026 91282CMZ1 0.00

UNITED STATES
TREASURY 3.875
04/30/2030

4.03% 52,312.50 0.00 52,312.50 0.00
Coupon 04/30/2026 91282CFT3 0.00

UNITED STATES
TREASURY 4.0
10/31/2029

3.77% 50,000.00 0.00 50,000.00 0.00
Total Coupon 0.00 340,619.82 0.00 340,619.82 0.00
Custody Fee 04/24/2026 CCYUSD (733.41) Cash 0.00% (733.41) 0.00 (733.41) 0.00 Total Custody Fee (733.41) (733.41) 0.00 (733.41) 0.00
Dividend 04/30/2026 31846V203 0.00 FIRST AMER:GVT OBLG
Y 3.27% 725.36 0.00 725.36 0.00
Total Dividend 0.00 725.36 0.00 725.36 0.00
Management Fee 04/13/2026 CCYUSD (6,589.11) Cash 0.00% (6,589.11) 0.00 (6,589.11) 0.00 Total
Management Fee (6,589.11) (6,589.11) 0.00 (6,589.11) 0.00 Principal Paydown 04/15/2026 47786WAD2 37,358.65 JDOT 2024-B A3 5.2 03/15/2029 5.81% 37,358.65 -- 37,358.65 (0.00)
Principal Paydown 04/15/2026 44934QAD3 13,744.12 HART 2024-B A3 4.84 03/15/2029 5.45% 13,744.12 -- 13,744.12 0.00
Principal Paydown 04/15/2026 47800CAC0 13,624.01 JDOT 2023 A3 5.01 11/15/2027 3.39% 13,624.01 -- 13,624.01 0.00
Principal Paydown 04/21/2026 438123AC5 16,618.60 HAROT 2023-4 A3 5.67 06/21/2028 5.74% 16,618.60 -- 16,618.60 0.00
Principal Paydown 04/21/2026 43815JAC7 8,848.14 HAROT 2023-1 A3 5.04 04/21/2027 5.09% 8,848.14 -- 8,848.14 0.00
Principal Paydown 04/21/2026 43813YAC6 42,758.11 HAROT 2024-3 A3 4.57 03/21/2029 4.66% 42,758.11 -- 42,758.11 0.00
Principal Paydown 04/25/2026 05592XAD2 8,093.92 BMWOT 2023-A A3

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Principal Paydown 04/25/2026 096919AD7 27,881.91 BMWOT 2024-A A3

5.18 02/26/2029 5.18% 27,881.91 -- 27,881.91 (0.00)
Total Principal
Paydown 168,927.46 168,927.46 -- 168,927.46 0.01

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
388,032.21
278,772.52
516,497.85
(407,238.16)
388,032.21

0.00 6,950.57

0.00 0.00

0.00 6,950.57
6,950.57
CCYUSD Receivable
725.36
6,950.57

0.00 0.00
725.36

0.00 0.00

0.00 Total Cash & Equivalents 388,757.57
285,723.09
516,497.85
(407,238.16)
388,757.57

0.00 6,950.57

0.00 0.00

0.00 6,950.57 6,950.57

FIXED INCOME
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029 03/09/2026
1,000,000.00
998,497.21

0.00 0.00
998,539.23
2,261.11

0.00 5,344.44
3,083.33

42.02 0.00

42.02 3,125.35
3,125.35
02079KBK2 ALPHABET INC 4.1
02/15/2031
02/12/2026
02/17/2026
1,300,000.00
1,300,073.60

0.00 0.00
1,300,072.26
7,106.67

0.00 11,548.33
4,441.67

4.32 (5.66)
(1.34)
4,440.33
4,440.33
025816DY2 AMERICAN EXPRESS CO 5.085
01/30/2031
03/30/2026
03/31/2026
1,000,000.00
1,016,088.51

0.00 0.00
1,015,743.75
8,616.25

0.00 12,853.75
4,237.50

0.00 (344.75)
(344.75)
3,892.75
3,892.75
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026
06/07/2023
06/14/2023
350,000.00
349,998.72

0.00 0.00
349,999.60
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
1,054,992.79

0.00 0.00
1,054,994.08
2,452.29
4,598.04
2,452.29
4,598.04

1.30 0.00

0.00 0.00
504,982.57
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
46,828.64
54,918.54

0.00 (8,093.92)
46,825.36

50.07 250.36

42.69 242.98

0.74 0.00

0.74 243.72
243.72
06051GGF0 BANK OF AMERICA CORP

3.824 01/20/2028
06/27/2024
06/28/2024
1,250,000.00
1,236,234.46

0.00 0.00
1,237,639.10
9,427.22

0.00 13,410.56
3,983.33
1,404.65

0.00 1,404.65
5,387.98
5,387.98
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
329,803.03
357,651.42

0.00 (27,881.91)
329,773.00
308.80
1,544.01
284.73
1,519.94

3.49 0.00

3.49 1,523.43
1,523.43
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029
02/04/2025
02/12/2025
680,000.00
679,949.43

0.00 0.00
679,950.62
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
958,601.78

0.00 0.00
958,632.22
10,624.00

0.00 14,464.00
3,840.00

30.44 0.00

30.44 3,870.44
3,870.44
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,060,000.00
1,059,855.58

0.00 0.00
1,059,860.40
2,430.93
4,558.00
2,430.93
4,558.00

4.82 0.00

4.82 4,562.82
4,562.82
161571HZ0 CHAIT 2025-1 A 4.16
07/15/2030
02/26/2026
02/27/2026
900,000.00
909,706.68

0.00 0.00
909,358.36
1,664.00
3,120.00
1,664.00
3,120.00

0.00 (348.33)
(348.33)
2,771.67
2,771.67
171239AL0 CHUBB INA HOLDINGS LLC

4.65 08/15/2029
09/26/2024
09/27/2024
1,250,000.00
1,271,062.06

0.00 0.00
1,270,535.94
7,427.08

0.00 12,270.83
4,843.75

0.00 0.00
1,250,362.88
5,894.10

0.00 10,946.18
5,052.08

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

5.15 09/08/2026
09/05/2023
09/08/2023
505,000.00
504,947.66

0.00 0.00
504,957.47
1,661.59

0.00 3,828.88
2,167.29

9.81 0.00

9.81 2,177.11
2,177.11
24422EYF0 JOHN DEERE CAPITAL CORP

4.375 10/15/2030
03/30/2026
03/31/2026
1,000,000.00
997,421.56

0.00 0.00
997,468.21
20,173.61
21,875.00
1,944.44
3,645.83

46.65 0.00

46.65 3,692.49
3,692.49
3130AEB25 FEDERAL HOME LOAN BANKS

3.25 06/09/2028
07/24/2023
07/25/2023
2,000,000.00
1,964,595.17

0.00 0.00
1,965,922.85
20,222.22

0.00 25,638.89
5,416.67
1,327.68

0.00 1,327.68
6,744.35
6,744.35
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
2,033,578.42

0.00 0.00
2,032,552.60
29,819.44

0.00 37,736.11
7,916.67

0.00 (1,025.82)
(1,025.82)
6,890.85
6,890.85
3133EPDJ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
03/27/2023
03/28/2023
2,000,000.00
2,014,903.82

0.00 0.00
2,014,063.38
3,888.89

0.00 11,180.56
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
2,102,626.44

0.00 0.00
2,102,556.40
41,839.58
49,875.00
277.08
8,312.50

0.00 (70.04)
(70.04)
8,242.46
8,242.46
3137F8ZV8 FHMS K-123 A2 1.621
12/25/2030
02/11/2026
02/17/2026
2,200,000.00
1,982,142.79

0.00 0.00
1,985,976.05
2,971.83
2,971.83
2,971.83
2,971.83
3,833.26

0.00 0.00
2,202,500.31
7,058.33
7,058.33
7,058.33
7,058.33

0.00 (102.61)
(102.61)
6,955.72
6,955.72
3137FNX54 FHMS K-097 A2 2.508
07/25/2029
02/18/2026
02/23/2026
2,000,000.00
1,921,509.14

0.00 0.00
1,923,492.90
4,180.00
4,180.00
4,180.00
4,180.00
1,983.76

0.00 1,983.76
6,163.76
6,163.76
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030
06/12/2025
06/17/2025
1,500,000.00
1,389,113.71

0.00 0.00
1,391,540.11
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
3137HB2L7 FHMS K-753 A2 4.4
10/25/2030
02/18/2026
02/23/2026
2,000,000.00
2,039,501.60

0.00 0.00
2,038,780.77
7,333.33
7,333.33
7,333.33
7,333.33

0.00 (720.83)
(720.83)
6,612.50
6,612.50
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028
02/05/2025
02/12/2025
430,000.00
429,968.24

0.00 0.00
429,969.62
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
985,329.40

0.00 0.00
985,307.02
1,378.45
3,759.41
1,378.45
3,759.41

0.22 (22.60)
(22.37)
3,737.04
3,737.04
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029
11/26/2024
11/27/2024
1,300,000.00
1,280,020.44

0.00 0.00
1,280,490.92
754.54

0.00 5,281.79
4,527.25
470.48

0.00 470.48
4,997.73
4,997.73
437076DC3 HOME DEPOT INC 4.75
06/25/2029
06/27/2024
06/28/2024
1,250,000.00
1,247,400.57

0.00 0.00
1,247,466.60
15,833.33

0.00 20,781.25
4,947.92

66.03 0.00

66.03 5,013.95
5,013.95
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028
11/01/2023
11/08/2023
166,122.98
182,726.09

0.00 (16,618.60)
166,109.42
287.82
863.45
261.64
837.28

1.93 0.00

0.00 (42,758.11)
564,578.22
771.05
2,313.15
716.77
2,258.87

5.95 0.00

5.95 2,264.82
2,264.82
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029
02/04/2025
02/11/2025
795,000.00
794,981.53

0.00 0.00
794,981.97
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
11,457.43
20,304.61

0.00 (8,848.14)
11,456.93

28.43 85.28

16.04 72.89

0.46 0.00

0.46 73.35

73.35 44934QAD3 HART 2024-B A3 4.84
03/15/2029
07/16/2024
07/24/2024
271,255.88
284,972.62

0.00 (13,744.12)
271,230.55
613.07
1,149.50
583.50
1,119.93

2.04 0.00

2.04 1,121.98
1,121.98
44935CAD3 HART 2025-A A3 4.32
10/15/2029
03/04/2025
03/12/2025
635,000.00
634,927.83

0.00 0.00
634,929.50
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
329,979.45

0.00 0.00
329,980.27
664.40
1,245.75
664.40
1,245.75

0.83 0.00

0.83 1,246.58
1,246.58
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
07/24/2023
07/26/2023
2,000,000.00
1,971,688.11

0.00 0.00
1,972,707.74
15,361.11

0.00 21,194.44
5,833.33
1,019.64

0.00 1,019.64
6,852.97
6,852.97
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
635,000.00
633,201.09

0.00 0.00
633,238.33
800.36

0.00 2,983.18
2,182.81

37.24 0.00

37.24 2,220.06
2,220.06
46647PEV4 JPMORGAN CHASE & CO 5.14
01/24/2031
02/11/2026
02/12/2026
1,300,000.00
1,341,823.87

0.00 0.00
1,340,923.78
12,435.94

0.00 18,004.28
5,568.33

0.00 (37,358.65)
470,713.75
1,174.34
2,201.89
1,088.00
2,115.55

6.15 0.00

6.15 2,121.70
2,121.70
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
89,749.66
103,367.17

0.00 (13,624.01)
89,744.30
230.18
431.58
199.84
401.24

1.14 0.00

1.14 402.39
402.39
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
500,000.00
499,975.90

0.00 0.00
499,976.47
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
703,959.14

0.00 0.00
703,984.51
3,865.75

0.00 6,333.25
2,467.50

25.37 0.00

25.37 2,492.87
2,492.87
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,200,000.00
1,201,963.10

0.00 0.00
1,201,920.43
13,365.00

0.00 18,315.00
4,950.00

7.89 (50.56)
(42.68)
4,907.32
4,907.32
57636QAP9 MASTERCARD INC 3.35
03/26/2030
03/30/2026
03/31/2026
1,200,000.00
1,159,515.82

0.00 0.00
1,160,350.55
558.33

0.00 3,908.33
3,350.00
834.73

0.00 834.73
4,184.73
4,184.73
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029
05/14/2025
05/21/2025
530,000.00
529,949.66

0.00 0.00
529,951.02
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
1,256,776.52

0.00 0.00
1,256,504.37
18,843.75

0.00 23,062.50
4,218.75

0.00 (272.15)
(272.15)
3,946.60
3,946.60
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030
01/02/2025
01/09/2025
820,000.00
818,724.31

0.00 0.00
818,752.06
9,152.11

0.00 12,500.44
3,348.33

27.75 0.00

0.00 0.00
2,234,320.99
46,359.01
51,194.00
3,697.34
8,532.33

0.00 (813.29)
(813.29)
7,719.04
7,719.04
62479MH30 MUFG Bank, Ltd., New York
Branch 08/03/2026
02/13/2026
02/17/2026
2,200,000.00
2,172,189.55

0.00 0.00
2,178,917.89

0.00 0.00

0.00 0.00
6,728.33

0.00 6,728.33
6,728.33
6,728.33
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029
12/02/2024
12/05/2024
830,000.00
829,651.78

0.00 0.00
829,659.55
12,302.44

0.00 15,484.11
3,181.67

7.77 0.00

7.77 3,189.44
3,189.44
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
03/27/2024
03/28/2024
1,200,000.00
1,196,888.49

0.00 0.00
1,196,978.59
9,353.33

0.00 13,953.33
4,600.00

90.10 0.00

90.10 4,690.10
4,690.10
713448FL7 PEPSICO INC 3.6 02/18/2028
03/27/2024
03/28/2024
1,500,000.00
1,477,131.98

0.00 0.00
1,478,129.14
6,450.00

0.00 10,950.00
4,500.00
997.15

0.00 997.15
5,497.15
5,497.15
713448FW3 PEPSICO INC 5.125
11/10/2026
11/08/2023
11/10/2023
380,000.00
379,979.12

0.00 0.00
379,981.93
7,627.71

0.00 9,250.63
1,622.92

2.81 0.00

2.81 1,625.73
1,625.73
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028
03/30/2023
03/31/2023
1,000,000.00
999,251.42

0.00 0.00
999,285.92
10,752.78

0.00 14,836.11
4,083.33

34.50 0.00

34.50 4,117.83
4,117.83
828807EB9 SIMON PROPERTY GROUP LP

4.3 01/15/2031
02/18/2026
02/19/2026
1,400,000.00
1,403,828.68

0.00 0.00
1,403,761.86
13,043.33

0.00 18,060.00
5,016.67

0.00 (66.82)
(66.82)
4,949.85
4,949.85
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

0.00 399,915.64

0.00 399,916.14

0.00 0.00
458.89
458.89

0.50 0.00

0.50 459.39
459.39
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
09/30/2021
09/30/2021
3,000,000.00
2,998,061.08

0.00 0.00
2,998,380.68

71.72 0.00
2,223.36
2,151.64
319.60

0.00 319.60
2,471.24
2,471.24
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
10/30/2024
10/31/2024
2,000,000.00
1,940,008.50

0.00 0.00
1,941,450.60
5,434.78

0.00 10,529.89
5,095.11
1,442.10

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

3.875 09/30/2029
10/30/2024
10/31/2024
2,200,000.00
2,184,214.12

0.00 0.00
2,184,584.68
232.92

0.00 7,220.63
6,987.70
370.56

0.00 370.56
7,358.27
7,358.27
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029
04/29/2025
04/30/2025
2,500,000.00
2,518,727.98

0.00 0.00
2,518,298.77
41,988.95
50,000.00
271.74
8,282.79

0.00 (429.21)
(429.21)
7,853.58
7,853.58
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00
2,697,761.89

0.00 0.00
2,697,808.88
9,391.30

0.00 18,195.65
8,804.35

46.99 0.00

46.99 8,851.33
8,851.33
91282CGS4 UNITED STATES TREASURY

3.625 03/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,484,281.47

0.00 0.00
2,484,604.46
247.61

0.00 7,675.89
7,428.28
322.98

0.00 322.98
7,751.26
7,751.26
91282CHF1 UNITED STATES TREASURY

3.75 05/31/2030 2,600,000.00
2,590,687.74

0.00 0.00
2,590,871.41
32,678.57

0.00 40,714.29
8,035.71
195.07
(11.40)
183.67
8,219.39
8,219.39
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
03/27/2024
03/28/2024
1,500,000.00
1,502,669.89

0.00 0.00
1,502,594.62
5,543.48

0.00 10,740.49
5,197.01

4.125 03/31/2029
05/28/2024
05/29/2024
2,200,000.00
2,175,928.75

0.00 0.00
2,176,588.23
247.95

0.00 7,686.48
7,438.52
659.49

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

4.625 04/30/2029 2,000,000.00
2,027,754.34

0.00 0.00
2,027,014.22
38,839.78
46,250.00
251.36
7,661.58

0.00 (740.12)
(740.12)
6,921.46
6,921.46
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/13/2024
06/14/2024
2,200,000.00
2,215,680.09

0.00 0.00
2,215,273.16
33,181.32

0.00 41,340.66
8,159.34

0.00 (406.92)
(406.92)
7,752.42
7,752.42
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,500,000.00
2,528,522.23

0.00 0.00
2,527,819.14
16,574.59

0.00 24,861.88
8,287.29

0.00 (703.10)
(703.10)
7,584.20
7,584.20
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/27/2024
12/30/2024
2,400,000.00
2,374,698.04

0.00 0.00
2,375,264.93
33,181.32

0.00 41,340.66
8,159.34
566.88

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

4.25 01/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,540,721.98

0.00 0.00
2,539,849.99
17,610.50

0.00 26,415.75
8,805.25

0.00 (871.99)
(871.99)
7,933.26
7,933.26
91282CMZ1 UNITED STATES TREASURY

3.875 04/30/2030
05/29/2025
05/30/2025
2,700,000.00
2,684,687.65

0.00 0.00
2,684,995.96
43,930.94
52,312.50
284.31
8,665.87
308.30

0.00 308.30
8,974.17
8,974.17
91282CNN7 UNITED STATES TREASURY

3.875 07/31/2030 2,500,000.00
2,519,115.67

0.00 0.00
2,518,753.17
16,056.63

0.00 24,084.94
8,028.31

22.58 (385.08)
(362.50)
7,665.82
7,665.82
91282CNX5 UNITED STATES TREASURY

3.625 08/31/2030
09/29/2025
09/29/2025
2,400,000.00
2,388,892.11

0.00 0.00
2,389,098.71
7,565.22

0.00 14,657.61
7,092.39
206.59

4.25 01/15/2029
05/28/2024
05/29/2024
1,000,000.00
980,214.89

0.00 0.00
980,796.81
8,972.22

0.00 12,513.89
3,541.67
581.91

0.00 581.91
4,123.58
4,123.58
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
560,000.00
559,940.78

0.00 0.00
559,942.15
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 109,235,621.29
108,574,506.49
399,915.64
(168,927.45)
108,822,291.36
735,162.22
340,619.82
737,436.98
342,894.58
26,540.74
(9,744.06)
16,796.68
359,691.26 359,691.26
TOTAL PORTFOLIO 109,624,378.86
108,860,229.58
916,413.49
(576,165.61)
109,211,048.93
735,162.22
347,570.39
737,436.98
349,845.15
26,540.74
(9,744.06)
16,796.68
366,641.83 366,641.83
214
CONFIDENTIAL | 25
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount MAY 2026
05/01/2026 Dividend 31846V203 0.00 FIRST AMER:GVT OBLG Y 725.36 725.36 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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 05/15/2026 Coupon 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 1,094.07 1,094.07 05/15/2026 Principal Paydown 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 15,499.92 15,499.92 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 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 2,040.00 2,040.00 05/15/2026 Principal Paydown 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 30,480.48 30,480.48 05/15/2026 Coupon 47800CAC0 89,749.66 JDOT 2023 A3 5.01 11/15/2027 395.78 395.78 05/15/2026 Principal Paydown 47800CAC0 89,749.66 JDOT 2023 A3 5.01 11/15/2027 14,976.79 14,976.79 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 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,125.33 1,125.33 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 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 816.11 816.11 05/21/2026 Principal Paydown 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 14,758.93 14,758.93 05/21/2026 Coupon 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 2,329.61 2,329.61 05/21/2026 Principal Paydown 43813YAC6 564,634.15 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 11,457.43 HAROT 2023-1 A3 5.04 04/21/2027 79.39 79.39 05/21/2026 Principal Paydown 43815JAC7 11,457.43 HAROT 2023-1 A3 5.04 04/21/2027 8,556.61 8,556.61 05/25/2026 Coupon 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 238.13 238.13 215
CONFIDENTIAL | 26
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/25/2026 Principal Paydown 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 6,312.18 6,312.18 05/25/2026 Coupon 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 1,521.00 1,521.00 05/25/2026 Principal Paydown 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 21,829.22 21,829.22 05/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 05/26/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 05/26/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 05/26/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 05/26/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 05/26/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 May 2026 Total 500,662.24 104,963.54 605,625.77
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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 06/15/2026 Coupon 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 1,031.55 1,031.55 06/15/2026 Principal Paydown 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 15,131.90 15,131.90 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 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 1,907.92 1,907.92 06/15/2026 Principal Paydown 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 19,963.08 19,963.08 06/15/2026 Coupon 47800CAC0 89,749.66 JDOT 2023 A3 5.01 11/15/2027 333.25 333.25 06/15/2026 Principal Paydown 47800CAC0 89,749.66 JDOT 2023 A3 5.01 11/15/2027 13,100.06 13,100.06 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 2,036.08 216
CONFIDENTIAL | 27
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/15/2026 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,406.67 1,406.67 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 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 746.37 746.37 06/22/2026 Principal Paydown 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 12,416.46 12,416.46 06/22/2026 Coupon 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 2,186.71 2,186.71 06/22/2026 Principal Paydown 43813YAC6 564,634.15 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 11,457.43 HAROT 2023-1 A3 5.04 04/21/2027 43.45 43.45 06/22/2026 Principal Paydown 43815JAC7 11,457.43 HAROT 2023-1 A3 5.04 04/21/2027 8,353.05 8,353.05 06/25/2026 Coupon 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 209.36 209.36 06/25/2026 Principal Paydown 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 6,199.18 6,199.18 06/25/2026 Coupon 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 1,426.77 1,426.77 06/25/2026 Principal Paydown 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 21,454.06 21,454.06 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 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 06/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 06/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 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 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 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 133,451.54 344,673.25 478,124.80
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
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
217
CONFIDENTIAL | 28
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/13/2026 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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 07/15/2026 Coupon 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 970.52 970.52 07/15/2026 Principal Paydown 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 14,839.41 14,839.41 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 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 1,821.41 1,821.41 07/15/2026 Principal Paydown 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 22,297.72 22,297.72 07/15/2026 Coupon 47800CAC0 89,749.66 JDOT 2023 A3 5.01 11/15/2027 278.56 278.56 07/15/2026 Principal Paydown 47800CAC0 89,749.66 JDOT 2023 A3 5.01 11/15/2027 13,573.30 13,573.30 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 828807EB9 1,400,000.00 SIMON PROPERTY GROUP LP 4.3 01/15/2031 30,434.44 30,434.44 07/15/2026 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,406.67 1,406.67 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 9,347.29 9,347.29 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 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 687.70 687.70 07/21/2026 Principal Paydown 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 12,141.75 12,141.75 07/21/2026 Coupon 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 2,046.43 2,046.43 07/21/2026 Principal Paydown 43813YAC6 564,634.15 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 11,457.43 HAROT 2023-1 A3 5.04 04/21/2027 8.37 8.37 07/21/2026 Effective Maturity 43815JAC7 11,457.43 HAROT 2023-1 A3 5.04 04/21/2027 1,992.11 1,992.11 07/24/2026 Coupon 46647PEV4 1,300,000.00 JPMORGAN CHASE & CO 5.14 01/24/2031 33,410.00 33,410.00 07/27/2026 Coupon 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 181.10 181.10 218
CONFIDENTIAL | 29
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/27/2026 Principal Paydown 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 6,078.71 6,078.71 07/27/2026 Coupon 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 1,334.16 1,334.16 07/27/2026 Principal Paydown 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 21,093.61 21,093.61 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 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 07/27/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 07/27/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 07/27/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 07/27/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 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 07/30/2026 Coupon 025816DY2 1,000,000.00 AMERICAN EXPRESS CO 5.085 01/30/2031 25,425.00 25,425.00 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 2,500,000.00 UNITED STATES TREASURY 4.0 07/31/2029 50,000.00 50,000.00 07/31/2026 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 07/31/2026 Coupon 91282CNN7 2,500,000.00 UNITED STATES TREASURY 3.875 07/31/2030 48,437.50 48,437.50 July 2026 Total 5,137,423.47 536,000.57 5,673,424.04
AUGUST 2026
08/03/2026 Final Maturity 62479MH30 2,200,000.00 MUFG Bank, Ltd., New York Branch 08/03/2026 2,200,000.00 2,200,000.00 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 02079KBK2 1,300,000.00 ALPHABET INC 4.1 02/15/2031 26,946.11 26,946.11 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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 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 271,255.88 HART 2024-B A3 4.84 03/15/2029 910.66 910.66 08/17/2026 Principal Paydown 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 14,428.37 14,428.37 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 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 1,724.79 1,724.79 08/17/2026 Principal Paydown 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 23,521.60 23,521.60 219
CONFIDENTIAL | 30
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/17/2026 Coupon 47800CAC0 89,749.66 JDOT 2023 A3 5.01 11/15/2027 221.89 221.89 08/17/2026 Principal Paydown 47800CAC0 89,749.66 JDOT 2023 A3 5.01 11/15/2027 12,616.20 12,616.20 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 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,406.67 1,406.67 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 1,633.53 1,633.53 08/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 50,663.44 50,663.44 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 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 630.33 630.33 08/21/2026 Principal Paydown 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 11,812.31 11,812.31 08/21/2026 Coupon 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 1,909.10 1,909.10 08/21/2026 Principal Paydown 43813YAC6 564,634.15 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 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 153.39 153.39 08/25/2026 Principal Paydown 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 5,932.13 5,932.13 08/25/2026 Coupon 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 1,243.11 1,243.11 08/25/2026 Principal Paydown 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 20,547.40 20,547.40 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 19,386.21 19,386.21 08/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 08/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 08/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 08/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 08/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 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 1,500,000.00 UNITED STATES TREASURY 4.25 02/28/2029 31,875.00 31,875.00 08/31/2026 Coupon 91282CNX5 2,400,000.00 UNITED STATES TREASURY 3.625 08/31/2030 43,500.00 43,500.00 220
CONFIDENTIAL | 31
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount August 2026 Total 2,393,922.57 384,912.27 2,778,834.84
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 09/09/2026 Coupon 002824BR0 1,000,000.00 ABBOTT LABORATORIES 3.7 03/09/2029 18,500.00 18,500.00 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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 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 271,255.88 HART 2024-B A3 4.84 03/15/2029 852.47 852.47 09/15/2026 Principal Paydown 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 14,186.00 14,186.00 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 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 1,622.86 1,622.86 09/15/2026 Principal Paydown 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 25,615.41 25,615.41 09/15/2026 Coupon 47800CAC0 89,749.66 JDOT 2023 A3 5.01 11/15/2027 169.22 169.22 09/15/2026 Principal Paydown 47800CAC0 89,749.66 JDOT 2023 A3 5.01 11/15/2027 12,206.40 12,206.40 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 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,406.67 1,406.67 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 1,436.79 1,436.79 09/21/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 62,024.38 62,024.38 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 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 574.52 574.52 09/21/2026 Principal Paydown 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 11,567.46 11,567.46 09/21/2026 Coupon 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 1,775.76 1,775.76 09/21/2026 Principal Paydown 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 34,268.55 34,268.55 221
CONFIDENTIAL | 32
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/21/2026 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 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 126.35 126.35 09/25/2026 Principal Paydown 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 5,823.62 5,823.62 09/25/2026 Coupon 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 1,154.41 1,154.41 09/25/2026 Principal Paydown 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 20,179.14 20,179.14 09/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,510.33 2,510.33 09/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 37,607.86 37,607.86 09/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 09/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 09/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 09/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 09/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 09/28/2026 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
09/28/2026 Coupon 57636QAP9 1,200,000.00 MASTERCARD INC 3.35 03/26/2030 20,100.00 20,100.00 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 5,859,176.44 348,280.88 6,207,457.32
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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 10/15/2026 Coupon 24422EYF0 1,000,000.00 JOHN DEERE CAPITAL CORP 4.375 10/15/2030 21,875.00 21,875.00 10/15/2026 Coupon 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 795.25 795.25 222
CONFIDENTIAL | 33
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2026 Principal Paydown 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 13,652.22 13,652.22 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 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 1,511.86 1,511.86 10/15/2026 Principal Paydown 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 24,301.74 24,301.74 10/15/2026 Coupon 47800CAC0 89,749.66 JDOT 2023 A3 5.01 11/15/2027 118.25 118.25 10/15/2026 Principal Paydown 47800CAC0 89,749.66 JDOT 2023 A3 5.01 11/15/2027 14,878.76 14,878.76 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 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,406.67 1,406.67 10/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 10/19/2026 Coupon 61747YFU4 2,200,000.00 MORGAN STANLEY 4.654 10/18/2030 51,194.00 51,194.00 10/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,195.93 1,195.93 10/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 62,483.81 62,483.81 10/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 10/20/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 108,820.97 108,820.97 10/21/2026 Coupon 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 519.86 519.86 10/21/2026 Principal Paydown 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 11,168.99 11,168.99 10/21/2026 Coupon 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 1,645.25 1,645.25 10/21/2026 Principal Paydown 43813YAC6 564,634.15 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 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 99.81 99.81 10/26/2026 Principal Paydown 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 5,112.32 5,112.32 10/26/2026 Coupon 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 1,067.31 1,067.31 10/26/2026 Principal Paydown 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 18,471.98 18,471.98 10/26/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,367.42 2,367.42 10/26/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 36,162.51 36,162.51 10/26/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 10/26/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 10/26/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 10/26/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 223
CONFIDENTIAL | 34
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/26/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 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 753,480.05 187,170.25 940,650.31
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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 11/16/2026 Coupon 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 740.19 740.19 11/16/2026 Principal Paydown 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 13,389.89 13,389.89 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 15,856.74 15,856.74 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 18,948.73 18,948.73 11/16/2026 Coupon 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 1,406.55 1,406.55 11/16/2026 Principal Paydown 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 28,807.37 28,807.37 11/16/2026 Coupon 47800CAC0 89,749.66 JDOT 2023 A3 5.01 11/15/2027 56.14 56.14 11/16/2026 Effective Maturity 47800CAC0 89,749.66 JDOT 2023 A3 5.01 11/15/2027 13,445.69 13,445.69 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 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,406.67 1,406.67 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 953.28 953.28 11/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 56,513.56 56,513.56 11/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,344.08 3,344.08 11/20/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 106,222.01 106,222.01 11/23/2026 Coupon 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 467.09 467.09 11/23/2026 Principal Paydown 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 10,921.25 10,921.25 11/23/2026 Coupon 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 1,519.69 1,519.69 224
CONFIDENTIAL | 35
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/23/2026 Principal Paydown 43813YAC6 564,634.15 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 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 76.50 76.50 11/25/2026 Principal Paydown 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 4,881.78 4,881.78 11/25/2026 Coupon 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 987.57 987.57 11/25/2026 Principal Paydown 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 18,115.48 18,115.48 11/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,230.01 2,230.01 11/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 35,454.00 35,454.00 11/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 11/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 11/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 11/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 11/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 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 399,108.30 376,264.29 775,372.60
DECEMBER 2026
12/07/2026 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
12/08/2026 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 12/09/2026 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 12/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 12/15/2026 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 12/15/2026 Coupon 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 686.18 686.18 12/15/2026 Principal Paydown 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 12,715.58 12,715.58 12/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,228.92 2,228.92 12/15/2026 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 35,884.20 35,884.20 12/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,174.22 1,174.22 12/15/2026 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 44,006.35 44,006.35 225
CONFIDENTIAL | 36
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2026 Coupon 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 1,281.72 1,281.72 12/15/2026 Principal Paydown 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 19,045.35 19,045.35 12/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 12/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 12/15/2026 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,406.67 1,406.67 12/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 12/21/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 733.82 733.82 12/21/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 47,056.18 47,056.18 12/21/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,938.67 2,938.67 12/21/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 135,135.17 135,135.17 12/21/2026 Coupon 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 415.49 415.49 12/21/2026 Principal Paydown 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 10,466.47 10,466.47 12/21/2026 Coupon 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 1,397.17 1,397.17 12/21/2026 Principal Paydown 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 30,680.06 30,680.06 12/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,625.71 2,625.71 12/21/2026 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 42,069.04 42,069.04 12/25/2026 Coupon 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 54.25 54.25 12/25/2026 Principal Paydown 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 4,700.18 4,700.18 12/25/2026 Coupon 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 909.37 909.37 12/25/2026 Principal Paydown 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 17,288.17 17,288.17 12/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,095.28 2,095.28 12/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 32,310.29 32,310.29 12/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 12/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 12/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 12/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 12/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 12/28/2026 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 December 2026
Total 431,357.03 181,850.01 613,207.04
JANUARY 2027
226
CONFIDENTIAL | 37
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/08/2027 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
01/11/2027 Coupon 57629TBV8 1,200,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 29,700.00 29,700.00
01/11/2027 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
01/12/2027 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
01/12/2027 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 01/15/2027 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 01/15/2027 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 01/15/2027 Coupon 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 634.90 634.90 01/15/2027 Principal Paydown 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 12,504.92 12,504.92 01/15/2027 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,099.73 2,099.73 01/15/2027 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 35,145.65 35,145.65 01/15/2027 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,008.09 1,008.09 01/15/2027 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 38,570.67 38,570.67 01/15/2027 Coupon 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 1,199.19 1,199.19 01/15/2027 Principal Paydown 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 27,286.89 27,286.89 01/15/2027 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 01/15/2027 Principal Paydown 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 4,189.40 4,189.40 01/15/2027 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 01/15/2027 Coupon 828807EB9 1,400,000.00 SIMON PROPERTY GROUP LP 4.3 01/15/2031 30,100.00 30,100.00 01/15/2027 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,406.67 1,406.67 01/15/2027 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 01/15/2027 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 01/20/2027 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 01/20/2027 Effective Maturity 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 1,250,000.00 1,250,000.00 01/20/2027 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 551.09 551.09 01/20/2027 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 42,883.87 42,883.87 01/20/2027 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,422.90 2,422.90 01/20/2027 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 138,454.58 138,454.58 227
CONFIDENTIAL | 38
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/21/2027 Coupon 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 366.03 366.03 01/21/2027 Principal Paydown 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 10,258.79 10,258.79 01/21/2027 Coupon 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 1,280.33 1,280.33 01/21/2027 Principal Paydown 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 30,037.78 30,037.78 01/21/2027 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,465.50 2,465.50 01/21/2027 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 41,224.95 41,224.95 01/25/2027 Coupon 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 32.83 32.83 01/25/2027 Principal Paydown 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 4,626.89 4,626.89 01/25/2027 Coupon 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 834.74 834.74 01/25/2027 Principal Paydown 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 17,001.63 17,001.63 01/25/2027 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 1,972.50 1,972.50 01/25/2027 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 31,773.33 31,773.33 01/25/2027 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 01/25/2027 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 01/25/2027 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 01/25/2027 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 01/25/2027 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 01/25/2027 Coupon 46647PEV4 1,300,000.00 JPMORGAN CHASE & CO 5.14 01/24/2031 33,410.00 33,410.00 January 2027 Total 1,683,959.35 292,389.55 1,976,348.90 FEBRUARY 2027
02/01/2027 Coupon 025816DY2 1,000,000.00 AMERICAN EXPRESS CO 5.085 01/30/2031 25,425.00 25,425.00 02/01/2027 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 02/01/2027 Coupon 91282CLC3 2,500,000.00 UNITED STATES TREASURY 4.0 07/31/2029 50,000.00 50,000.00 02/01/2027 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 02/01/2027 Coupon 91282CNN7 2,500,000.00 UNITED STATES TREASURY 3.875 07/31/2030 48,437.50 48,437.50 02/15/2027 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 02/15/2027 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 02/15/2027 Coupon 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 584.46 584.46 02/15/2027 Principal Paydown 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 11,866.27 11,866.27 02/15/2027 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 1,973.21 1,973.21 02/15/2027 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 34,808.16 34,808.16 02/15/2027 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 862.49 862.49 228
CONFIDENTIAL | 39
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/15/2027 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 41,713.43 41,713.43 02/15/2027 Coupon 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 1,080.95 1,080.95 02/15/2027 Principal Paydown 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 24,728.01 24,728.01 02/15/2027 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,747.73 1,747.73 02/15/2027 Principal Paydown 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 34,107.44 34,107.44 02/15/2027 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 02/15/2027 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,406.67 1,406.67 02/16/2027 Coupon 02079KBK2 1,300,000.00 ALPHABET INC 4.1 02/15/2031 26,650.00 26,650.00 02/16/2027 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 02/16/2027 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 02/16/2027 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 02/18/2027 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 02/22/2027 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 384.56 384.56 02/22/2027 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 41,913.43 41,913.43 02/22/2027 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,894.47 1,894.47 02/22/2027 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 112,062.74 112,062.74 02/22/2027 Coupon 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 317.56 317.56 02/22/2027 Principal Paydown 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 10,089.26 10,089.26 02/22/2027 Coupon 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 1,165.94 1,165.94 02/22/2027 Principal Paydown 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 29,520.74 29,520.74 02/22/2027 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,308.50 2,308.50 02/22/2027 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 40,606.86 40,606.86 02/25/2027 Coupon 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 11.73 11.73 02/25/2027 Effective Maturity 05592XAD2 46,828.64 BMWOT 2023-A A3 5.47 02/25/2028 2,574.36 2,574.36 02/25/2027 Coupon 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 761.35 761.35 02/25/2027 Principal Paydown 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 16,802.64 16,802.64 02/25/2027 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 1,851.76 1,851.76 02/25/2027 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 31,451.56 31,451.56 02/25/2027 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 02/25/2027 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 02/25/2027 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 02/25/2027 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 229
CONFIDENTIAL | 40
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/25/2027 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 02/26/2027 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 February 2027
Total 432,244.89 382,131.42 814,376.31
MARCH 2027
03/01/2027 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 03/01/2027 Coupon 91282CFJ5 2,000,000.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 03/01/2027 Coupon 91282CGQ8 2,700,000.00 UNITED STATES TREASURY 4.0 02/28/2030 54,000.00 54,000.00 03/01/2027 Coupon 91282CKD2 1,500,000.00 UNITED STATES TREASURY 4.25 02/28/2029 31,875.00 31,875.00 03/01/2027 Coupon 91282CNX5 2,400,000.00 UNITED STATES TREASURY 3.625 08/31/2030 43,500.00 43,500.00 03/09/2027 Coupon 002824BR0 1,000,000.00 ABBOTT LABORATORIES 3.7 03/09/2029 18,500.00 18,500.00 03/15/2027 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 03/15/2027 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 03/15/2027 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
03/15/2027 Coupon 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 536.60 536.60 03/15/2027 Principal Paydown 44934QAD3 271,255.88 HART 2024-B A3 4.84 03/15/2029 11,264.15 11,264.15 03/15/2027 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 1,847.90 1,847.90 03/15/2027 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 33,795.79 33,795.79 03/15/2027 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 705.02 705.02 03/15/2027 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 39,283.93 39,283.93 03/15/2027 Coupon 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 973.79 973.79 03/15/2027 Principal Paydown 47786WAD2 470,769.52 JDOT 2024-B A3 5.2 03/15/2029 24,382.98 24,382.98 03/15/2027 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,627.50 1,627.50 03/15/2027 Principal Paydown 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 24,825.67 24,825.67 03/15/2027 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 03/15/2027 Principal Paydown 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 32,588.72 32,588.72 03/15/2027 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,406.67 1,406.67 03/15/2027 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 03/22/2027 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 221.79 221.79 03/22/2027 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 46,862.84 46,862.84 03/22/2027 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,466.76 1,466.76 230
CONFIDENTIAL | 41
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/22/2027 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 99,585.53 99,585.53 03/22/2027 Coupon 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 269.89 269.89 03/22/2027 Principal Paydown 438123AC5 166,122.98 HAROT 2023-4 A3 5.67 06/21/2028 9,819.24 9,819.24 03/22/2027 Coupon 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 1,053.51 1,053.51 03/22/2027 Principal Paydown 43813YAC6 564,634.15 HAROT 2024-3 A3 4.57 03/21/2029 28,667.15 28,667.15 03/22/2027 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,153.86 2,153.86 03/22/2027 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 39,368.09 39,368.09 03/22/2027 Coupon 459058LR2 635,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 13,096.88 13,096.88
03/25/2027 Coupon 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 688.82 688.82 03/25/2027 Principal Paydown 096919AD7 329,803.03 BMWOT 2024-A A3 5.18 02/26/2029 14,837.90 14,837.90 03/25/2027 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 1,732.25 1,732.25 03/25/2027 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 30,544.94 30,544.94 03/25/2027 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 03/25/2027 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 03/25/2027 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 03/25/2027 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 03/25/2027 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 03/26/2027 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
03/26/2027 Coupon 57636QAP9 1,200,000.00 MASTERCARD INC 3.35 03/26/2030 20,100.00 20,100.00 March 2027 Total 435,826.93 360,426.08 796,253.02
Grand Total 426,968,695.03 18,160,612.81 3,499,062.13 21,659,674.94 231
CONFIDENTIAL | 42
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

IMPORTANT DISCLOSURES
Chandler Asset Management, Inc. (“Chandler”) is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV).

To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.

Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

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

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

THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM.

NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY , ADEQUACY , ACCURACY , TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND LICENSEE’S USE IS AT LICENSEE’S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

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

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

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest.

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

LAIF Yields: Additional Disclosure for CA Clients - As a result of a reporting lag from the Local Agency Investment Fund (LAIF), reported LAIF yields represent the most recently available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end. 232
CONFIDENTIAL | 43
City of Orange | Account #10888 | As of April 30, 2026
Execution Time: 05/05/2026 10:30:54 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency
Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. 233

MONTHLY ACCOUNT STATEMENT
City of Orange | Account #10888 | As of May 31, 2026
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 0.10% (0.46%) 0.56% 3.75% 4.80% 4.60% -- -- 2.06% Benchmark Return 0.03% (0.57%) 0.38% 3.41% 4.71% 4.03% -- -- 1.86% Average Modified Duration 2.45
Average Coupon 3.79%
Average Purchase YTM 3.99%
Average Market YTM 4.16%
Average Credit Quality* AA+
Average Final Maturity 2.91
Average Life 2.71
End Values as of
04/30/2026
End Values as of
05/31/2026
Market Value 109,220,511.92 109,246,189.35
Accrued Interest 737,436.98 809,005.46
Total Market Value 109,957,948.89 110,055,194.81
Income Earned 366,641.83 213,978.71
Cont/WD 0.00 0.00
Par 109,624,378.86 109,931,826.75
Book Value 109,211,048.93 109,512,842.16
Cost Value 109,053,085.20 109,336,881.90
United States 36.80%
Federal Home Loan Mortgage Corp 8.62%
Federal Home Loan Banks 8.22%
Farm Credit System 3.80%
International Bank for Recon and Dev 2.39%
Morgan Stanley 2.01%
Mitsubishi UFJ Financial Group, Inc. 2.00%
Chase Issuance Trust 1.80%
**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. 235
CONFIDENTIAL | 3
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 109,211,048.93 105,399,801.80
Maturities/Calls 0.00 (21,985,000.00)
Principal Paydowns (522,992.82) (1,316,560.05)
Purchases 5,177,749.74 75,624,720.04
Sales (4,182,033.73) (48,245,938.56)
Change in Cash, Payables, Receivables (204,480.57) (205,486.35) Amortization/Accretion 17,373.77 181,749.27
Realized Gain (Loss) 16,176.83 59,556.01
Ending Book Value 109,512,842.16 109,512,842.16
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 109,220,511.92 105,780,134.31
Maturities/Calls 0.00 (21,985,000.00)
Principal Paydowns (522,992.82) (1,316,560.05)
Purchases 5,177,749.74 75,624,720.04
Sales (4,182,033.73) (48,245,938.56)
Change in Cash, Payables, Receivables (204,480.57) (205,486.35) Amortization/Accretion 17,373.77 181,749.27
Change in Net Unrealized Gain (Loss) (276,115.79) (646,985.32) Realized Gain (Loss) 16,176.83 59,556.01
Ending Market Value 109,246,189.35 109,246,189.35
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (21,985,000.00)
Principal Paydowns
Month to Date (522,992.82)
Fiscal Year to Date (1,316,560.05)
Purchases
Month to Date 5,177,749.74
Fiscal Year to Date 75,624,720.04
Sales
Month to Date (4,182,033.73)
Fiscal Year to Date (48,245,938.56)
Interest Received
Month to Date 105,280.04
Fiscal Year to Date 3,381,927.26
Purchased / Sold Interest
Month to Date 19,756.41
Fiscal Year to Date (61,559.35)
236
CONFIDENTIAL | 4
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 3,261.11 02/16/2023

5.09%
3,260.51
3,260.99
100.07

3.82%
3,263.37

4.57 0.00%

2.38 Aaa/NA
AAA

0.89 0.05
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 71,621.50 02/22/2023

3.39%
71,608.46
71,617.47
100.21

3.95%
71,773.84
159.48

0.07%
156.38
Aaa/NA
AAA

1.46 0.18
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 430,000.00 02/05/2025

4.66%
429,949.26
429,971.05
100.30

4.11%
431,302.04
612.27

0.39%
1,330.99
NA/AAA
AAA

1.73 0.51
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 39,536.24 07/11/2023

5.47%
39,529.23
39,533.60
100.42

3.95%
39,703.79

36.04 0.04%
170.19
NA/AAA
AAA

1.74 0.27
44935DAD1 HALST 2025-B A3 4.53
04/17/2028 330,000.00 04/24/2025

4.53%
329,970.20
329,981.12
100.36

4.13%
331,185.53
664.40

0.30%
1,204.40
NA/AAA
AAA

1.88 0.82
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 985,000.00 --

4.80%
985,558.36
985,283.90
100.41

4.04%
989,000.09
1,378.45

0.91%
3,716.18
NA/AAA
AAA

1.98 0.70
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 150,491.08 11/01/2023

5.74%
150,464.58
150,479.28
100.75

4.15%
151,626.38
237.02

0.14%
1,147.10
Aaa/NA
AAA

2.06 0.45
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.23%
1,059,706.17
1,059,865.39
100.36

3.95%
1,063,788.44
2,430.93

0.97%
3,923.05
NA/AAA
AAA

2.29 0.28
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2026 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,995.42
100.39

3.89%
1,059,138.77
2,452.29

0.97%
4,143.34
NA/AAA
AAA

0.29 0.28
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 303,683.61 06/04/2024

5.18%
303,637.48
303,656.78
100.64

4.07%
305,613.21
262.18

0.28%
1,956.43
Aaa/AAA
NA

2.74 0.55
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 430,629.19 06/11/2024

5.81%
430,545.01
430,579.68
100.84

3.97%
434,243.46
995.23

0.40%
3,663.78
Aaa/NA
AAA

2.79 0.65
44934QAD3 HART 2024-B A3 4.84
03/15/2029 252,628.28 07/16/2024

5.45%
252,590.16
252,605.38
100.51

4.10%
253,924.70
543.43

0.23%
1,319.31
NA/AAA
AAA

2.79 0.65
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 525,777.46 08/09/2024

4.66%
525,694.86
525,726.90
100.30

4.17%
527,336.39
667.45

0.48%
1,609.48
Aaa/NA
AAA

2.80 0.66
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 530,000.00 05/14/2025

4.66%
529,935.39
529,952.43
100.55

4.26%
532,889.03
1,085.91

0.49%
2,936.60
NA/AAA
AAA

2.88 1.38
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,983.05
100.86

4.04%
509,345.47
1,106.51

0.47%
4,362.42
Aaa/AAA
NA

2.96 0.91
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 500,000.00 03/04/2025

5.09%
499,968.55
499,977.06
100.09

4.19%
500,464.00
940.00

0.46%
486.94
Aaa/NA
AAA

3.30 1.18
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029 795,000.00 02/04/2025

4.57%
794,975.51
794,982.42
100.45

4.15%
798,590.06
1,009.21

0.73%
3,607.64
NA/AAA
AAA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 680,000.00 02/04/2025

4.56%
679,933.02
679,951.85
100.42

4.08%
682,859.06
516.80

0.63%
2,907.21
Aaa/AAA
NA

3.32 0.80
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 560,000.00 10/17/2024

4.29%
559,916.78
559,943.57
100.27

4.12%
561,523.20
1,067.73

0.51%
1,579.63
Aaa/AAA
NA

3.38 1.31
44935CAD3 HART 2025-A A3 4.32
10/15/2029 635,000.00 03/04/2025

4.84%
634,906.34
634,931.23
100.13

4.23%
635,855.98
1,219.20

0.58%
924.75
NA/AAA
AAA

3.38 1.02
161571HZ0 CHAIT 2025-1 A 4.16 07/15/2030 900,000.00 02/26/2026

3.70%
910,089.84
908,998.42

99.81 4.29%
898,284.60
1,664.00

0.82%
(10,713.82)
NA/AAA
AAA

4.12 1.99
89240QAD7 TAOT 2026-B A3 4.13
12/16/2030 400,000.00 04/14/2026

4.27%
399,915.64
399,917.67

99.55 4.37%
398,212.24
734.22

0.36%
(1,705.43)
Aaa/AAA
NA

4.54 2.21
Total ABS 11,142,628.47 4.79%
11,152,079.85
11,151,194.68
100.34

4.10%
11,179,923.64
19,787.33

10.23%
28,728.96

2.68 0.89
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

99.53 3.79%
4,976,745.00
15,250.00

4.56%
(23,255.00)
Aa1/AA+
AA+

0.16 0.16
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
2,013,194.93
100.50

3.97%
2,009,950.00
18,472.22

1.84%
(3,244.93)
Aa1/AA+
AA+

1.29 1.23
3130AEB25 FEDERAL HOME LOAN BANKS

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

4.15%
1,921,180.00
1,967,294.79

98.51 4.03%
1,970,142.00
31,055.56

1.80%
2,847.21
Aa1/AA+
AA+

2.02 1.90
3130AXQK7 FEDERAL HOME LOAN BANKS

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

4.05%
2,060,660.00
2,031,492.59
101.65

4.05%
2,033,004.00
45,652.78

1.86%
1,511.41
Aa1/AA+
AA+

2.52 2.31
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
2,102,484.03
101.88

4.06%
2,139,576.60
8,589.58

1.96%
37,092.57
Aa1/AA+
AA+

2.91 2.69
Total Agency 13,100,000.00 2.94%
13,141,823.00
13,114,466.34
100.24

3.94%
13,129,417.60
119,020.14

12.02%
14,951.26

1.43 1.33

AGENCY CMBS
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 2,200,000.00 02/11/2026

3.70%
2,202,750.00
2,202,394.28

99.13 4.23%
2,180,804.78
7,058.33

2.00%
(21,589.50)
Aa1/AA+
AAA

1.99 1.79
3137FNX54 FHMS K-097 A2 2.508
07/25/2029 2,000,000.00 02/18/2026

3.76%
1,919,062.50
1,925,542.79

94.68 4.32%
1,893,696.00
4,180.00

1.73%
(31,846.79)
Aaa/AA+
AA+

3.15 2.94
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030 1,500,000.00 06/12/2025

4.23%
1,365,820.31
1,394,047.38

92.41 4.34%
1,386,100.50
2,586.25

1.27%
(7,946.88)
Aa1/AA+
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
3137HB2L7 FHMS K-753 A2 4.4 10/25/2030 2,000,000.00 02/18/2026

3.87%
2,040,390.63
2,038,035.91

99.88 4.40%
1,997,545.20
7,333.33

1.83%
(40,490.71)
Aa1/AA+
AAA

4.40 3.83
3137F8ZV8 FHMS K-123 A2 1.621
12/25/2030 2,200,000.00 02/11/2026

3.98%
1,976,648.44
1,989,937.09

88.85 4.39%
1,954,707.26
2,971.83

1.79%
(35,229.83)
Aa1/AA+
AAA

4.57 4.21
Total Agency CMBS 9,900,000.00 3.88%
9,504,671.88
9,549,957.45

95.27 4.33%
9,412,853.74
24,129.75

8.62%
(137,103.71)

3.52 3.20
CASH
CCYUSD Payable (355,000.00) -- (355,000.00)
(355,000.00)

1.00 (355,000.00)

0.00 (0.32%)

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 151,244.79 -- 151,244.79
151,244.79

1.00 151,244.79

0.00 0.14%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash (203,755.21)
(203,755.21)
(203,755.21)

1.00 (203,755.21)

0.00 (0.19%)

0.00 0.00

0.00 COMMERCIAL
PAPER
62479MH30 MUFG Bank, Ltd., New York
Branch 08/03/2026 2,200,000.00 02/13/2026

3.73%
2,162,545.61
2,185,870.50

99.30 4.00%
2,184,692.40

0.00 2.00%
(1,178.10)
P-1/A-1
NA

0.18 0.17
Total Commercial
Paper 2,200,000.00 3.73%
2,162,545.61
2,185,870.50

99.30 4.00%
2,184,692.40

0.00 2.00%
(1,178.10)

0.18 0.17

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

5.18%
504,641.45
504,967.61
100.34

3.85%
506,693.77
5,996.17

0.46%
1,726.16
A1/A
A+

0.27 0.27
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,984.83
100.35

4.31%
381,328.48
1,136.04

0.35%
1,343.65
A1/A+
NA

0.45 0.35
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,239,090.57

99.68 5.06%
1,245,990.00
17,393.89

1.14%
6,899.43
A1/A-
AA-

1.64 0.61
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,479,159.53

99.09 4.15%
1,486,362.00
15,450.00

1.36%
7,202.47
A1/A+
NA

1.72 1.63
857477CU5 STATE STREET CORP 4.536
02/28/2028 1,285,000.00 02/25/2025

4.51%
1,285,000.00
1,285,000.00
100.60

4.17%
1,292,706.15
15,057.63

1.18%
7,706.15
Aa3/A
AA-

1.75 1.57
58933YBH7 MERCK & CO INC 4.05
05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,256,223.15

99.83 4.14%
1,247,861.25
1,968.75

1.14%
(8,361.90)
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
981,398.12

99.70 4.37%
996,995.00
16,055.56

0.91%
15,596.88
A2/A+
A

2.63 2.42
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,197,071.69
101.29

4.08%
1,215,501.60
18,553.33

1.11%
18,429.91
A1/A+
NA

2.67 2.45
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,351.65
101.52

4.25%
1,269,041.25
15,998.26

1.16%
18,689.60
A1/AA-
NA

2.74 2.44
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029 1,000,000.00 --

3.75%
998,465.00
998,582.65

98.33 4.34%
983,303.00
8,427.78

0.90%
(15,279.65)
Aa3/A+
NA

2.77 2.58
38151LAJ9 GOLDMAN SACHS BANK USA

4.656 06/03/2029 355,000.00 05/27/2026

4.57%
355,000.00
355,000.00
100.13

4.52%
355,451.92

0.00 0.33%
451.92
A1/A+
AA-

3.01 1.89
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,247,534.83
101.27

4.30%
1,265,933.75
25,729.17

1.16%
18,398.92
A2/A
A

3.07 2.70
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
704,010.72

99.86 4.25%
703,979.87
8,800.75

0.64%
(30.86)
Aa3/AA-
NA

3.21 2.93
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,269,992.29
100.75

4.40%
1,259,355.63
17,114.58

1.15%
(10,636.67)
A2/A
A

3.21 2.84
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,280,977.08

98.99 4.51%
1,286,844.00
9,809.04

1.18%
5,866.92
Aa1/AA+
NA

3.32 3.04
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,667.59
100.27

4.52%
832,236.02
18,665.78

0.76%
2,568.43
Aa1/AA+
AAA

3.51 3.14
14913UAX8 CATERPILLAR FINANCIAL
SERVICES CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,663.67
101.96

4.21%
978,828.48
18,304.00

0.90%
20,164.81
A1/A
A+

3.61 3.23
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,780.74
100.88

4.63%
827,206.98
15,848.78

0.76%
8,426.24
Aa3/AA-
AA-

3.61 3.21
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,200,000.00 --

4.90%
1,202,338.00
1,201,876.33
100.87

4.68%
1,210,434.00
23,265.00

1.11%
8,557.67
Aa3/AA+
AA+

3.61 3.21
57636QAP9 MASTERCARD INC 3.35
03/26/2030 1,200,000.00 03/30/2026

4.28%
1,159,488.00
1,161,213.10

96.47 4.36%
1,157,656.80
7,258.33

1.06%
(3,556.30)
Aa3/A+
NA

3.82 3.51
24422EYF0 JOHN DEERE CAPITAL CORP

4.375 10/15/2030 1,000,000.00 03/30/2026

4.44%
997,420.00
997,516.42

99.61 4.47%
996,075.07
5,590.28

0.91%
(1,441.35)
A1/A
A+

4.38 3.92
61747YFU4 MORGAN STANLEY 4.654
10/18/2030 2,200,000.00 02/13/2026

4.16%
2,236,300.00
2,233,480.58

99.65 4.76%
2,192,242.95
12,229.68

2.01%
(41,237.63)
A1/A-
A+

4.38 3.08
828807EB9 SIMON PROPERTY GROUP LP 4.3
01/15/2031 1,400,000.00 02/18/2026

4.23%
1,403,920.00
1,403,692.82

98.59 4.64%
1,380,275.37
23,076.67

1.26%
(23,417.45)
A3/A
NA

4.63 4.07
46647PEV4 JPMORGAN CHASE & CO 5.14
01/24/2031 1,300,000.00 02/11/2026

4.22%
1,343,264.00
1,339,993.70
101.57

4.66%
1,320,356.70
23,572.61

1.21%
(19,637.00)
A1/A
AA-

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
025816DY2 AMERICAN EXPRESS CO 5.085
01/30/2031 1,000,000.00 03/30/2026

4.62%
1,016,100.00
1,015,387.51
101.53

4.63%
1,015,307.00
17,091.25

0.93%
(80.51)
A2/A-
A

4.67 3.26
02079KBK2 ALPHABET INC 4.1 02/15/2031 1,300,000.00 02/12/2026

4.10%
1,300,075.52
1,300,070.88

98.66 4.42%
1,282,526.30
15,990.00

1.17%
(17,544.58)
Aa2/AA+
NA

4.71 4.18
Total Corporate 28,690,000.00 4.51%
28,623,597.82
28,689,688.06
100.02

4.43%
28,690,493.32
358,383.33

26.26%
805.26

3.23 2.72

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 392,953.49 --

3.26%
392,953.49
392,953.49

1.00 0.00%
392,953.49

0.00 0.36%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 392,953.49 3.26%
392,953.49
392,953.49

1.00 0.00%
392,953.49

0.00 0.36%

0.00 0.00

0.00 NEGOTIABLE CD
96130AK31 Westpac Banking Corporation -
New York Branch 4.0 04/16/2027 1,650,000.00 05/28/2026

4.00%
1,649,758.64
1,649,761.63

99.89 4.11%
1,648,218.00
7,700.00

1.51%
(1,543.63)
P-1/A-1+
NA

0.88 0.85
Total Negotiable
CD 1,650,000.00 4.00%
1,649,758.64
1,649,761.63

99.89 4.11%
1,648,218.00
7,700.00

1.51%
(1,543.63)

0.88 0.85

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
1,973,761.37

98.91 4.04%
1,978,242.00
27,027.78

1.81%
4,480.63
Aaa/AAA
NA

2.11 1.99
459058LR2

INTERNATIONAL BANK FOR

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

4.20%
632,733.05
633,276.82
100.02

4.12%
635,097.79
5,165.99

0.58%
1,820.97
Aaa/AAA
NA

3.80 3.46
Total
Supranational 2,635,000.00 4.20%
2,571,113.05
2,607,038.19

99.18 4.06%
2,613,339.79
32,193.77

2.39%
6,301.60

2.53 2.35

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

1.01%
2,980,546.88
2,998,710.94

99.07 3.73%
2,971,992.18
4,446.72

2.72%
(26,718.76)
Aa1/AA+
AA+

0.33 0.33
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,177,269.70
100.18

4.05%
2,204,039.07
15,372.95

2.02%
26,769.37
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
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,000,000.00 --

4.13%
2,042,382.82
2,026,249.44
101.54

4.06%
2,030,782.00
8,043.48

1.86%
4,532.56
Aa1/AA+
AA+

2.91 2.70
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,214,852.68
101.22

4.06%
2,226,899.40
270.49

2.04%
12,046.72
Aa1/AA+
AA+

3.00 2.78
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,500,000.00 --

3.62%
2,540,527.34
2,527,092.61

99.80 4.07%
2,495,019.53
33,425.41

2.28%
(32,073.08)
Aa1/AA+
AA+

3.17 2.91
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,942,940.78

97.13 4.08%
1,942,578.00
15,794.84

1.78%
(362.78)
Aa1/AA+
AA+

3.25 3.03
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.10%
2,177,828.13
2,184,967.60

99.37 4.08%
2,186,164.20
14,441.26

2.00%
1,196.60
Aa1/AA+
AA+

3.33 3.07
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 2,500,000.00 04/29/2025

3.77%
2,523,535.16
2,517,855.25

99.74 4.08%
2,493,457.03
8,695.65

2.28%
(24,398.22)
Aa1/AA+
AA+

3.42 3.15
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,375,850.71
100.13

4.09%
2,403,000.00
270.49

2.20%
27,149.29
Aa1/AA+
AA+

3.50 3.23
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 2,500,000.00 04/29/2025

3.78%
2,550,488.28
2,538,948.93
100.52

4.10%
2,512,890.00
35,514.50

2.30%
(26,058.93)
Aa1/AA+
AA+

3.67 3.32
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00 --

4.02%
2,697,195.31
2,697,857.43

99.66 4.10%
2,690,929.67
27,293.48

2.46%
(6,927.76)
Aa1/AA+
AA+

3.75 3.41
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 2,500,000.00 04/29/2025

3.80%
2,480,664.06
2,484,938.21

98.32 4.10%
2,458,105.00
15,351.78

2.25%
(26,833.21)
Aa1/AA+
AA+

3.83 3.52
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 2,700,000.00 05/29/2025

4.03%
2,681,542.97
2,685,314.53

99.18 4.10%
2,677,851.90
9,097.83

2.45%
(7,462.63)
Aa1/AA+
AA+

3.91 3.58
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 2,600,000.00 --

3.84%
2,589,183.60
2,591,061.21

98.69 4.11%
2,565,976.56
266.39

2.35%
(25,084.65)
Aa1/AA+
AA+

4.00 3.67
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 2,500,000.00 --

3.68%
2,519,589.84
2,518,378.59

99.09 4.11%
2,477,245.00
32,380.87

2.27%
(41,133.59)
Aa1/AA+
AA+

4.17 3.76
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 2,400,000.00 09/29/2025

3.74%
2,387,625.00
2,389,312.19

98.08 4.12%
2,353,875.00
21,986.41

2.15%
(35,437.19)
Aa1/AA+
AA+

4.25 3.86
91282CQK0 UNITED STATES TREASURY 3.875
04/30/2031 1,525,000.00 05/28/2026

4.19%
1,504,031.25
1,504,066.26

98.84 4.14%
1,507,248.05
5,138.59

1.38%
3,181.80
Aa1/AA+
AA+

4.91 4.41
Total US Treasury 40,425,000.00 3.77%
40,342,093.77
40,375,667.03

99.45 4.06%
40,198,052.58
247,791.14

36.80%
(177,614.45)

3.37 3.09
Total Portfolio 109,931,826.75 3.99%
109,336,881.90
109,512,842.16

99.25 4.16%
109,246,189.35
809,005.46
100.00%
(266,652.80)

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.

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

ACQUISITIONS
Purchase 05/04/2026 31846V203 725.36 FIRST AMER:GVT OBLG Y 1.000 3.26% (725.36) 0.00 (725.36) 0.00
Purchase 05/08/2026 31846V203 1,027,748.89 FIRST AMER:GVT OBLG Y 1.000 3.24% (1,027,748.89) 0.00 (1,027,748.89) 0.00
Purchase 05/11/2026 31846V203 9,737.50 FIRST AMER:GVT OBLG Y 1.000 3.24% (9,737.50) 0.00 (9,737.50) 0.00
Purchase 05/15/2026 31846V203 369,721.67 FIRST AMER:GVT OBLG Y 1.000 3.23% (369,721.67) 0.00 (369,721.67) 0.00
Purchase 05/15/2026 31846V203 86,888.02 FIRST AMER:GVT OBLG Y 1.000 3.23% (86,888.02) 0.00 (86,888.02) 0.00
Purchase 05/18/2026 31846V203 25,312.50 FIRST AMER:GVT OBLG Y 1.000 3.22% (25,312.50) 0.00 (25,312.50) 0.00
Purchase 05/20/2026 31846V203 5,429.24 FIRST AMER:GVT OBLG Y 1.000 3.21% (5,429.24) 0.00 (5,429.24) 0.00
Purchase 05/21/2026 31846V203 68,695.89 FIRST AMER:GVT OBLG Y 1.000 3.20% (68,695.89) 0.00 (68,695.89) 0.00
Purchase 05/26/2026 31846V203 57,582.68 FIRST AMER:GVT OBLG Y 1.000 3.25% (57,582.68) 0.00 (57,582.68) 0.00
Purchase 05/26/2026 31846V203 4,180.00 FIRST AMER:GVT OBLG Y 1.000 3.25% (4,180.00) 0.00 (4,180.00) 0.00
Purchase 05/28/2026 96130AK31 1,650,000.00
Westpac Banking
Corporation - New York
Branch 4.0 04/16/2027

99.985 4.00% (1,649,758.64) (6,966.67) (1,656,725.31) 0.00 Purchase 05/29/2026 91282CQK0 1,525,000.00

UNITED STATES
TREASURY 3.875
04/30/2031

98.625 4.19% (1,504,031.25) (4,656.84) (1,508,688.09) 0.00 Purchase 05/29/2026 31846V203 12,938.10 FIRST AMER:GVT OBLG Y 1.000 3.26% (12,938.10) 0.00 (12,938.10) 0.00
Total Purchase 4,843,959.85 (4,822,749.74) (11,623.51) (4,834,373.25) 0.00 TOTAL
ACQUISITIONS 4,843,959.85 (4,822,749.74) (11,623.51) (4,834,373.25) 0.00 244
CONFIDENTIAL | 12
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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

DISPOSITIONS
Maturity 05/15/2026 02582JJZ4 (350,000.00) AMXCA 2023-1 A 4.87 05/15/2026 100.000 4.92% 0.00 0.00 0.00 0.00
Total Maturity (350,000.00) 0.00 0.00 0.00 0.00
Sale 05/08/2026 78016FZW7 (1,000,000.00)

ROYAL BANK
OF CANADA 4.9
01/12/2028
101.196 4.95% 1,011,960.00 (15,788.89) 1,027,748.89 12,666.03 Sale 05/14/2026 31846V203 (6,578.56) FIRST AMER:GVT OBLG Y 1.000 3.24% 6,578.56 0.00 6,578.56 0.00
Sale 05/22/2026 31846V203 (734.70) FIRST AMER:GVT OBLG
Y 1.000 3.21% 734.70 0.00 734.70 0.00
Sale 05/28/2026 31846V203 (1,656,725.31) FIRST AMER:GVT OBLG Y 1.000 3.27% 1,656,725.31 0.00 1,656,725.31 0.00
Sale 05/29/2026 91282CKD2 (1,500,000.00)

UNITED STATES
TREASURY 4.25
02/28/2029
100.402 4.18% 1,506,035.16 (15,591.03) 1,521,626.19 3,510.80 Total Sale (4,164,038.57) 4,182,033.73 (31,379.92) 4,213,413.65 16,176.83 TOTAL
DISPOSITIONS (4,514,038.57) 4,182,033.73 (31,379.92) 4,213,413.65 16,176.83 OTHER

TRANSACTIONS
Coupon 05/01/2026 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 05/01/2026 3137F8ZV8 0.00 FHMS K-123 A2 1.621
12/25/2030 3.98% 2,971.83 0.00 2,971.83 0.00
Coupon 05/01/2026 3137HB2L7 0.00 FHMS K-753 A2 4.4
10/25/2030 3.87% 7,333.33 0.00 7,333.33 0.00
Coupon 05/01/2026 3137FNX54 0.00 FHMS K-097 A2 2.508
07/25/2029 3.76% 4,180.00 0.00 4,180.00 0.00
Coupon 05/01/2026 3137FG6X8 0.00 FHMS K-077 A2 3.85
05/25/2028 3.70% 7,058.33 0.00 7,058.33 0.00
245
CONFIDENTIAL | 13
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 05/10/2026 713448FW3 0.00 PEPSICO INC 5.125
11/10/2026 5.13% 9,737.50 0.00 9,737.50 0.00
Coupon 05/15/2026 47786WAD2 0.00 JDOT 2024-B A3 5.2
03/15/2029 5.81% 2,040.00 0.00 2,040.00 0.00
Coupon 05/15/2026 44934QAD3 0.00 HART 2024-B A3 4.84
03/15/2029 5.45% 1,094.07 0.00 1,094.07 0.00
Coupon 05/15/2026 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 05/15/2026 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 4,558.00 0.00 4,558.00 0.00
Coupon 05/15/2026 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 1,762.50 0.00 1,762.50 0.00
Coupon 05/15/2026 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 2,074.71 0.00 2,074.71 0.00
Coupon 05/15/2026 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2026 4.92% 1,420.42 0.00 1,420.42 0.00
Coupon 05/15/2026 44935CAD3 0.00 HART 2025-A A3 4.32
10/15/2029 4.84% 2,286.00 0.00 2,286.00 0.00
Coupon 05/15/2026 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 05/15/2026 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 05/15/2026 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 2,002.00 0.00 2,002.00 0.00
Coupon 05/15/2026 89240QAD7 0.00 TAOT 2026-B A3 4.13
12/16/2030 4.27% 1,101.33 0.00 1,101.33 0.00
Coupon 05/15/2026 161571HZ0 0.00 CHAIT 2025-1 A 4.16
07/15/2030 3.70% 3,120.00 0.00 3,120.00 0.00
Coupon 05/15/2026 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 3.39% 374.70 0.00 374.70 0.00
Coupon 05/17/2026 58933YBH7 0.00 MERCK & CO INC 4.05
05/17/2028 3.76% 25,312.50 0.00 25,312.50 0.00
Coupon 05/20/2026 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.80% 3,759.41 0.00 3,759.41 0.00
246
CONFIDENTIAL | 14
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 05/20/2026 36271VAD9 0.00 GMALT 2025-1 A3 4.66
02/21/2028 4.66% 1,669.83 0.00 1,669.83 0.00
Coupon 05/21/2026 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.74% 784.93 0.00 784.93 0.00
Coupon 05/21/2026 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.09% 48.12 0.00 48.12 0.00
Coupon 05/21/2026 43813YAC6 0.00 HAROT 2024-3 A3 4.57
03/21/2029 4.66% 2,150.32 0.00 2,150.32 0.00
Coupon 05/21/2026 43814VAC1 0.00 HAROT 2025-1 A3 4.57
09/21/2029 4.57% 3,027.62 0.00 3,027.62 0.00
Coupon 05/25/2026 05592XAD2 0.00 BMWOT 2023-A A3

5.47 02/25/2028 5.47% 213.46 0.00 213.46 0.00
Coupon 05/25/2026 096919AD7 0.00 BMWOT 2024-A A3

5.18 02/26/2029 5.18% 1,423.65 0.00 1,423.65 0.00
Coupon 05/25/2026 096924AD7 0.00 BMWOT 2025-A A3

4.56 09/25/2029 4.56% 2,584.00 0.00 2,584.00 0.00
Coupon 05/31/2026 91282CMA6 0.00

UNITED STATES
TREASURY 4.125
11/30/2029

4.45% 49,500.00 0.00 49,500.00 0.00
Coupon 05/31/2026 91282CKT7 0.00

UNITED STATES
TREASURY 4.5
05/31/2029

4.25% 49,500.00 0.00 49,500.00 0.00
Coupon 05/31/2026 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 0.00 252,304.68 0.00 252,304.68 0.00
Custody Fee 05/22/2026 CCYUSD (734.70) Cash 0.00% (734.70) 0.00 (734.70) 0.00 Total Custody Fee (734.70) (734.70) 0.00 (734.70) 0.00
Dividend 05/31/2026 31846V203 0.00 FIRST AMER:GVT OBLG
Y 3.26% 3,494.79 0.00 3,494.79 0.00
Total Dividend 0.00 3,494.79 0.00 3,494.79 0.00
Management Fee 05/14/2026 CCYUSD (6,578.56) Cash 0.00% (6,578.56) 0.00 (6,578.56) 0.00 247
CONFIDENTIAL | 15
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Total
Management Fee (6,578.56) (6,578.56) 0.00 (6,578.56) 0.00 Principal Paydown 05/15/2026 47786WAD2 40,140.33 JDOT 2024-B A3 5.2 03/15/2029 5.81% 40,140.33 -- 40,140.33 0.00
Principal Paydown 05/15/2026 44934QAD3 18,627.60 HART 2024-B A3 4.84 03/15/2029 5.45% 18,627.60 -- 18,627.60 (0.00)
Principal Paydown 05/15/2026 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 4.92% 350,000.00 -- 350,000.00 0.00
Principal Paydown 05/15/2026 47800CAC0 18,128.16 JDOT 2023 A3 5.01 11/15/2027 3.39% 18,128.16 -- 18,128.16 0.01
Principal Paydown 05/21/2026 438123AC5 15,631.90 HAROT 2023-4 A3 5.67 06/21/2028 5.74% 15,631.90 -- 15,631.90 0.00
Principal Paydown 05/21/2026 43815JAC7 8,196.31 HAROT 2023-1 A3 5.04 04/21/2027 5.09% 8,196.31 -- 8,196.31 (0.00)
Principal Paydown 05/21/2026 43813YAC6 38,856.69 HAROT 2024-3 A3 4.57 03/21/2029 4.66% 38,856.69 -- 38,856.69 (0.00)
Principal Paydown 05/25/2026 05592XAD2 7,292.40 BMWOT 2023-A A3

5.47 02/25/2028 5.47% 7,292.40 -- 7,292.40 (0.00)
Principal Paydown 05/25/2026 096919AD7 26,119.43 BMWOT 2024-A A3

5.18 02/26/2029 5.18% 26,119.43 -- 26,119.43 0.00
Total Principal
Paydown 522,992.82 522,992.82 -- 522,992.82 (0.00)

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
392,953.49
388,032.21
1,668,959.85
(1,664,038.57)
392,953.49

0.00 725.36

0.00 0.00

0.00 725.36
725.36
CCYUSD Payable
(355,000.00)

0.00 0.00

0.00 (355,000.00)

0.00 0.00

0.00 CCYUSD Receivable
151,244.79
725.36

0.00 0.00
151,244.79

0.00 0.00

0.00 Total Cash & Equivalents 189,198.28
388,757.57
1,668,959.85
(1,664,038.57)
189,198.28

0.00 725.36

0.00 0.00

0.00 725.36 725.36

FIXED INCOME
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029 03/09/2026
1,000,000.00
998,539.23

0.00 0.00
998,582.65
5,344.44

0.00 8,427.78
3,083.33

43.42 0.00

43.42 3,126.75
3,126.75
02079KBK2 ALPHABET INC 4.1
02/15/2031
02/12/2026
02/17/2026
1,300,000.00
1,300,072.26

0.00 0.00
1,300,070.88
11,548.33

0.00 15,990.00
4,441.67

4.47 (5.85)
(1.38)
4,440.28
4,440.28
025816DY2 AMERICAN EXPRESS CO 5.085
01/30/2031
03/30/2026
03/31/2026
1,000,000.00
1,015,743.75

0.00 0.00
1,015,387.51
12,853.75

0.00 17,091.25
4,237.50

0.00 (356.25)
(356.25)
3,881.25
3,881.25
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026
06/07/2023
06/14/2023

0.00 349,999.60

0.00 (350,000.00)

0.00 757.56
1,420.42

0.00 662.86

0.41 (0.01)

0.00 0.00
1,054,995.42
2,452.29
4,598.04
2,452.29
4,598.04

1.34 0.00

1.34 4,599.38
4,599.38
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029
06/06/2024
06/13/2024
505,000.00
504,982.57

0.00 0.00
504,983.05
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
39,536.24
46,825.36

0.00 (7,292.40)
39,533.60

42.69 213.46

36.04 206.81

0.64 0.00

0.64 207.45
207.45
06051GGF0 BANK OF AMERICA CORP

3.824 01/20/2028
06/27/2024
06/28/2024
1,250,000.00
1,237,639.10

0.00 0.00
1,239,090.57
13,410.56

0.00 17,393.89
3,983.33
1,451.47

0.00 1,451.47
5,434.80
5,434.80
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
303,683.61
329,773.00

0.00 (26,119.43)
303,656.78
284.73
1,423.65
262.18
1,401.10

3.21 0.00

3.21 1,404.31
1,404.31
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029
02/04/2025
02/12/2025
680,000.00
679,950.62

0.00 0.00
679,951.85
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
958,632.22

0.00 0.00
958,663.67
14,464.00

0.00 18,304.00
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
1,059,860.40

0.00 0.00
1,059,865.39
2,430.93
4,558.00
2,430.93
4,558.00

4.99 0.00

4.99 4,562.99
4,562.99
161571HZ0 CHAIT 2025-1 A 4.16
07/15/2030
02/26/2026
02/27/2026
900,000.00
909,358.36

0.00 0.00
908,998.42
1,664.00
3,120.00
1,664.00
3,120.00

4.65 08/15/2029
09/26/2024
09/27/2024
1,250,000.00
1,270,535.94

0.00 0.00
1,269,992.29
12,270.83

0.00 17,114.58
4,843.75

0.00 (543.65)
(543.65)
4,300.10
4,300.10
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
02/27/2024
02/29/2024
1,250,000.00
1,250,362.88

0.00 0.00
1,250,351.65
10,946.18

0.00 15,998.26
5,052.08

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

5.15 09/08/2026
09/05/2023
09/08/2023
505,000.00
504,957.47

0.00 0.00
504,967.61
3,828.88

0.00 5,996.17
2,167.29

10.14 0.00

10.14 2,177.43
2,177.43
24422EYF0 JOHN DEERE CAPITAL CORP

4.375 10/15/2030
03/30/2026
03/31/2026
1,000,000.00
997,468.21

0.00 0.00
997,516.42
1,944.44

0.00 5,590.28
3,645.83

48.21 0.00

48.21 3,694.04
3,694.04
3130AEB25 FEDERAL HOME LOAN BANKS

3.25 06/09/2028
07/24/2023
07/25/2023
2,000,000.00
1,965,922.85

0.00 0.00
1,967,294.79
25,638.89

0.00 31,055.56
5,416.67
1,371.94

0.00 1,371.94
6,788.60
6,788.60
3130ANDF4 FEDERAL HOME LOAN BANKS

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

0.00 0.00
5,000,000.00
11,500.00

0.00 15,250.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028
01/29/2024
01/30/2024
2,000,000.00
2,032,552.60

0.00 0.00
2,031,492.59
37,736.11

0.00 45,652.78
7,916.67

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

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
03/27/2023
03/28/2023
2,000,000.00
2,014,063.38

0.00 0.00
2,013,194.93
11,180.56

0.00 18,472.22
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
2,102,556.40

0.00 0.00
2,102,484.03
277.08

0.00 8,589.58
8,312.50

0.00 0.00
1,989,937.09
2,971.83
2,971.83
2,971.83
2,971.83
3,961.04

0.00 3,961.04
6,932.87
6,932.87
3137FG6X8 FHMS K-077 A2 3.85
05/25/2028
02/11/2026
02/17/2026
2,200,000.00
2,202,500.31

0.00 0.00
2,202,394.28
7,058.33
7,058.33
7,058.33
7,058.33

0.00 (106.03)
(106.03)
6,952.30
6,952.30
3137FNX54 FHMS K-097 A2 2.508
07/25/2029
02/18/2026
02/23/2026
2,000,000.00
1,923,492.90

0.00 0.00
1,925,542.79
4,180.00
4,180.00
4,180.00
4,180.00
2,049.89

0.00 2,049.89
6,229.89
6,229.89
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030
06/12/2025
06/17/2025
1,500,000.00
1,391,540.11

0.00 0.00
1,394,047.38
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
3137HB2L7 FHMS K-753 A2 4.4
10/25/2030
02/18/2026
02/23/2026
2,000,000.00
2,038,780.77

0.00 0.00
2,038,035.91
7,333.33
7,333.33
7,333.33
7,333.33

0.00 (744.86)
(744.86)
6,588.47
6,588.47
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028
02/05/2025
02/12/2025
430,000.00
429,969.62

0.00 0.00
429,971.05
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
985,307.02

0.00 0.00
985,283.90
1,378.45
3,759.41
1,378.45
3,759.41

0.23 (23.35)
(23.12)
3,736.29
3,736.29
38151LAJ9 GOLDMAN SACHS BANK USA

4.656 06/03/2029
05/27/2026
06/03/2026
355,000.00

0.00 355,000.00

0.00 0.00

0.00 40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029
11/26/2024
11/27/2024
1,300,000.00
1,280,490.92

0.00 0.00
1,280,977.08
5,281.79

0.00 9,809.04
4,527.25
486.16

0.00 0.00
1,247,534.83
20,781.25

0.00 25,729.17
4,947.92

68.23 0.00

68.23 5,016.15
5,016.15
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028
11/01/2023
11/08/2023
150,491.08
166,109.42

0.00 (15,631.90)
150,479.28
261.64
784.93
237.02
760.31

1.76 0.00

1.76 762.07
762.07
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029
08/09/2024
08/21/2024
525,777.46
564,578.22

0.00 (38,856.69)
525,726.90
716.77
2,150.32
667.45
2,100.99

5.38 0.00

5.38 2,106.37
2,106.37
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029
02/04/2025
02/11/2025
795,000.00
794,981.97

0.00 0.00
794,982.42
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
3,261.11
11,456.93

0.00 (8,196.31)
3,260.99

16.04 48.12

4.57 36.65

0.37 0.00

0.37 37.01

37.01 44934QAD3 HART 2024-B A3 4.84
03/15/2029
07/16/2024
07/24/2024
252,628.28
271,230.55

0.00 (18,627.60)
252,605.38
583.50
1,094.07
543.43
1,054.00

2.44 0.00

2.44 1,056.44
1,056.44
44935CAD3 HART 2025-A A3 4.32
10/15/2029
03/04/2025
03/12/2025
635,000.00
634,929.50

0.00 0.00
634,931.23
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
329,980.27

0.00 0.00
329,981.12
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
1,972,707.74

0.00 0.00
1,973,761.37
21,194.44

0.00 27,027.78
5,833.33
1,053.62

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
635,000.00
633,238.33

0.00 0.00
633,276.82
2,983.18

0.00 5,165.99
2,182.81

38.49 0.00

38.49 2,221.30
2,221.30
46647PEV4 JPMORGAN CHASE & CO 5.14
01/24/2031
02/11/2026
02/12/2026
1,300,000.00
1,340,923.78

0.00 0.00
1,339,993.70
18,004.28

0.00 23,572.61
5,568.33

0.00 (930.09)
(930.09)
4,638.25
4,638.25
47786WAD2 JDOT 2024-B A3 5.2
03/15/2029
06/11/2024
06/18/2024
430,629.19
470,713.75

0.00 (40,140.33)
430,579.68
1,088.00
2,040.00
995.23
1,947.23

6.26 0.00

6.26 1,953.49
1,953.49
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
71,621.50
89,744.30

0.00 (18,128.15)
71,617.47
199.84
374.70
159.48
334.33

1.32 0.00

1.32 335.65
335.65
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
500,000.00
499,976.47

0.00 0.00
499,977.06
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
703,984.51

0.00 0.00
704,010.72
6,333.25

0.00 8,800.75
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
1,201,920.43

0.00 0.00
1,201,876.33
18,315.00

0.00 23,265.00
4,950.00

8.15 (52.25)
(44.10)
4,905.90
4,905.90
57636QAP9 MASTERCARD INC 3.35
03/26/2030
03/30/2026
03/31/2026
1,200,000.00
1,160,350.55

0.00 0.00
1,161,213.10
3,908.33

0.00 7,258.33
3,350.00
862.55

0.00 862.55
4,212.55
4,212.55
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029
05/14/2025
05/21/2025
530,000.00
529,951.02

0.00 0.00
529,952.43
1,085.91
2,036.08
1,085.91
2,036.08

1.40 0.00

0.00 0.00
1,256,223.15
23,062.50
25,312.50
1,968.75
4,218.75

0.00 (281.22)
(281.22)
3,937.53
3,937.53
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030
01/02/2025
01/09/2025
820,000.00
818,752.06

0.00 0.00
818,780.74
12,500.44

0.00 15,848.78
3,348.33

28.68 0.00

28.68 3,377.01
3,377.01
61747YFU4 MORGAN STANLEY 4.654
10/18/2030
02/13/2026
02/17/2026
2,200,000.00
2,234,320.99

0.00 0.00
2,233,480.58
3,697.34

0.00 12,229.68
8,532.33

0.00 (840.40)
(840.40)
7,691.93
7,691.93
62479MH30 MUFG Bank, Ltd., New York
Branch 08/03/2026
02/13/2026
02/17/2026
2,200,000.00
2,178,917.89

0.00 0.00
2,185,870.50

0.00 0.00

0.00 0.00
6,952.61

0.00 6,952.61
6,952.61
6,952.61
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029
12/02/2024
12/05/2024
830,000.00
829,659.55

0.00 0.00
829,667.59
15,484.11

0.00 18,665.78
3,181.67

8.03 0.00

8.03 3,189.70
3,189.70
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
03/27/2024
03/28/2024
1,200,000.00
1,196,978.59

0.00 0.00
1,197,071.69
13,953.33

0.00 18,553.33
4,600.00

93.11 0.00

93.11 4,693.11
4,693.11
713448FL7 PEPSICO INC 3.6 02/18/2028
03/27/2024
03/28/2024
1,500,000.00
1,478,129.14

0.00 0.00
1,479,159.53
10,950.00

0.00 15,450.00
4,500.00
1,030.39

0.00 1,030.39
5,530.39
5,530.39
713448FW3 PEPSICO INC 5.125
11/10/2026
11/08/2023
11/10/2023
380,000.00
379,981.93

0.00 0.00
379,984.83
9,250.63
9,737.50
1,136.04
1,622.92

2.90 0.00

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

0.00 999,285.92

0.00 (999,293.97)

0.00 14,836.11
15,788.89

0.00 952.78

8.05 0.00

4.3 01/15/2031
02/18/2026
02/19/2026
1,400,000.00
1,403,761.86

0.00 0.00
1,403,692.82
18,060.00

0.00 23,076.67
5,016.67

0.00 (69.05)
(69.05)
4,947.62
4,947.62
857477CU5 STATE STREET CORP 4.536
02/28/2028
02/25/2025
02/28/2025
1,285,000.00
1,285,000.00

0.00 0.00
1,285,000.00
10,200.33

0.00 15,057.63
4,857.30

0.00 0.00

0.00 4,857.30
4,857.30
89240QAD7 TAOT 2026-B A3 4.13
12/16/2030
04/14/2026
04/21/2026
400,000.00
399,916.14

0.00 0.00
399,917.67
458.89
1,101.33
734.22
1,376.66

1.54 0.00

1.54 1,378.20
1,378.20
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
09/30/2021
09/30/2021
3,000,000.00
2,998,380.68

0.00 0.00
2,998,710.94
2,223.36

0.00 4,446.72
2,223.36
330.26

0.00 330.26
2,553.62
2,553.62
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
10/30/2024
10/31/2024
2,000,000.00
1,941,450.60

0.00 0.00
1,942,940.78
10,529.89

0.00 15,794.84
5,264.95
1,490.17

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

3.875 09/30/2029
10/30/2024
10/31/2024
2,200,000.00
2,184,584.68

0.00 0.00
2,184,967.60
7,220.63

0.00 14,441.26
7,220.63
382.91

0.00 382.91
7,603.54
7,603.54
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029
04/29/2025
04/30/2025
2,500,000.00
2,518,298.77

0.00 0.00
2,517,855.25
271.74

0.00 8,695.65
8,423.91

0.00 (443.52)
(443.52)
7,980.39
7,980.39
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00
2,697,808.88

0.00 0.00
2,697,857.43
18,195.65

0.00 27,293.48
9,097.83

48.55 0.00

48.55 9,146.38
9,146.38
91282CGS4 UNITED STATES TREASURY

3.625 03/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,484,604.46

0.00 0.00
2,484,938.21
7,675.89

0.00 15,351.78
7,675.89
333.75

3.75 05/31/2030 2,600,000.00
2,590,871.41

0.00 0.00
2,591,061.21
40,714.29

0.00 266.39
(40,447.89)
201.57
(11.78)
189.80
(40,258.10)
(40,258.10)
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
03/27/2024
03/28/2024

0.00 1,502,594.62

0.00 (1,502,524.36)

0.00 10,740.49
15,591.03

0.00 4,850.54

0.00 (70.26)
(70.26)
4,780.28
4,780.28
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
05/28/2024
05/29/2024
2,200,000.00
2,176,588.23

0.00 0.00
2,177,269.70
7,686.48

0.00 15,372.95
7,686.48
681.47

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

4.625 04/30/2029 2,000,000.00
2,027,014.22

0.00 0.00
2,026,249.44
251.36

0.00 8,043.48
7,792.12

0.00 (764.79)
(764.79)
7,027.33
7,027.33
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/13/2024
06/14/2024
2,200,000.00
2,215,273.16

0.00 0.00
2,214,852.68
41,340.66

0.00 270.49
(41,070.17)

0.00 (420.49)
(420.49)
(41,490.65)
(41,490.65)
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,500,000.00
2,527,819.14

0.00 0.00
2,527,092.61
24,861.88

0.00 33,425.41
8,563.54

0.00 (726.53)
(726.53)
7,837.00
7,837.00
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/27/2024
12/30/2024
2,400,000.00
2,375,264.93

0.00 0.00
2,375,850.71
41,340.66

0.00 270.49
(41,070.17)
585.78

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

4.25 01/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,539,849.99

0.00 0.00
2,538,948.93
26,415.75

0.00 35,514.50
9,098.76

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

3.875 04/30/2030
05/29/2025
05/30/2025
2,700,000.00
2,684,995.96

0.00 0.00
2,685,314.53
284.31

0.00 9,097.83
8,813.52
318.58

3.875 07/31/2030 2,500,000.00
2,518,753.17

0.00 0.00
2,518,378.59
24,084.94

0.00 32,380.87
8,295.93

23.33 (397.91)
(374.58)
7,921.35
7,921.35
91282CNX5 UNITED STATES TREASURY

3.625 08/31/2030
09/29/2025
09/29/2025
2,400,000.00
2,389,098.71

0.00 0.00
2,389,312.19
14,657.61

0.00 21,986.41
7,328.80
213.48

0.00 213.48
7,542.29
7,542.29
91282CQK0 UNITED STATES TREASURY

3.875 04/30/2031
05/28/2026
05/29/2026
1,525,000.00

0.00 1,504,031.25

0.00 1,504,066.26

0.00 (4,656.84)
5,138.59
481.75

35.01 0.00

35.01 516.75
516.75
91324PEU2 UNITEDHEALTH GROUP INC

4.25 01/15/2029
05/28/2024
05/29/2024
1,000,000.00
980,796.81

0.00 0.00
981,398.12
12,513.89

0.00 16,055.56
3,541.67
601.31

0.00 601.31
4,142.98
4,142.98
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
560,000.00
559,942.15

0.00 0.00
559,943.57
1,067.73
2,002.00
1,067.73
2,002.00

1.42 0.00

1.42 2,003.42
2,003.42
96130AK31
Westpac Banking Corporation
- New York Branch 4.0
04/16/2027
05/28/2026
05/28/2026
1,650,000.00

0.00 1,649,758.64

0.00 1,649,761.63

0.00 (6,966.67)
7,700.00
733.33

2.99 0.00

2.99 736.32
736.32
Total Fixed Income 109,742,628.47
108,822,291.36
3,508,789.89
(3,024,811.15)
109,323,643.88
737,436.98
124,311.09
809,005.46
195,879.57
27,435.11
(10,061.34)
17,373.77
213,253.35 213,253.35
TOTAL PORTFOLIO 109,931,826.75
109,211,048.93
5,177,749.74
(4,688,849.72)
109,512,842.16
737,436.98
125,036.45
809,005.46
196,604.93
27,435.11
(10,061.34)
17,373.77
213,978.71 213,978.71
258
CONFIDENTIAL | 26
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JUNE 2026
06/01/2026 Coupon 91282CMA6 0.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 06/01/2026 Coupon 91282CKT7 0.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 06/01/2026 Coupon 91282CHF1 0.00 UNITED STATES TREASURY 3.75 05/31/2030 48,750.00 48,750.00 06/01/2026 Dividend 31846V203 0.00 FIRST AMER:GVT OBLG Y 3,494.79 3,494.79 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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 06/15/2026 Coupon 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 1,031.55 1,031.55 06/15/2026 Principal Paydown 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 15,131.90 15,131.90 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 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 1,866.06 1,866.06 06/15/2026 Principal Paydown 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 18,545.44 18,545.44 06/15/2026 Coupon 47800CAC0 71,621.50 JDOT 2023 A3 5.01 11/15/2027 299.02 299.02 06/15/2026 Principal Paydown 47800CAC0 71,621.50 JDOT 2023 A3 5.01 11/15/2027 11,960.64 11,960.64 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 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 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 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 746.37 746.37 06/22/2026 Principal Paydown 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 12,416.46 12,416.46 06/22/2026 Coupon 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 2,186.71 2,186.71 06/22/2026 Principal Paydown 43813YAC6 525,777.46 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 3,027.63 259
CONFIDENTIAL | 27
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 06/22/2026 Coupon 43815JAC7 3,261.11 HAROT 2023-1 A3 5.04 04/21/2027 43.45 43.45 06/22/2026 Principal Paydown 43815JAC7 3,261.11 HAROT 2023-1 A3 5.04 04/21/2027 8,353.05 8,353.05 06/25/2026 Coupon 05592XAD2 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 209.36 209.36 06/25/2026 Principal Paydown 05592XAD2 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 6,199.18 6,199.18 06/25/2026 Coupon 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 1,426.77 1,426.77 06/25/2026 Principal Paydown 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 21,454.06 21,454.06 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 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 06/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 06/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 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 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 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 134,389.27 344,567.16 478,956.43
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
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
07/15/2026 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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 07/15/2026 Coupon 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 970.52 970.52 07/15/2026 Principal Paydown 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 14,839.41 14,839.41 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 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 1,785.70 1,785.70 260
CONFIDENTIAL | 28
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2026 Principal Paydown 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 21,783.25 21,783.25 07/15/2026 Coupon 47800CAC0 71,621.50 JDOT 2023 A3 5.01 11/15/2027 249.08 249.08 07/15/2026 Principal Paydown 47800CAC0 71,621.50 JDOT 2023 A3 5.01 11/15/2027 12,983.16 12,983.16 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 828807EB9 1,400,000.00 SIMON PROPERTY GROUP LP 4.3 01/15/2031 30,434.44 30,434.44 07/15/2026 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 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 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 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 687.70 687.70 07/21/2026 Principal Paydown 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 12,141.75 12,141.75 07/21/2026 Coupon 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 2,046.43 2,046.43 07/21/2026 Principal Paydown 43813YAC6 525,777.46 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 3,261.11 HAROT 2023-1 A3 5.04 04/21/2027 8.37 8.37 07/21/2026 Effective Maturity 43815JAC7 3,261.11 HAROT 2023-1 A3 5.04 04/21/2027 1,992.11 1,992.11 07/24/2026 Coupon 46647PEV4 1,300,000.00 JPMORGAN CHASE & CO 5.14 01/24/2031 33,410.00 33,410.00 07/27/2026 Coupon 05592XAD2 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 181.10 181.10 07/27/2026 Principal Paydown 05592XAD2 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 6,078.71 6,078.71 07/27/2026 Coupon 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 1,334.16 1,334.16 07/27/2026 Principal Paydown 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 21,093.61 21,093.61 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 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 07/27/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 07/27/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 07/27/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 07/27/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 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 5,000,000.00 261
CONFIDENTIAL | 29
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 07/30/2026 Coupon 025816DY2 1,000,000.00 AMERICAN EXPRESS CO 5.085 01/30/2031 25,425.00 25,425.00 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 2,500,000.00 UNITED STATES TREASURY 4.0 07/31/2029 50,000.00 50,000.00 07/31/2026 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 07/31/2026 Coupon 91282CNN7 2,500,000.00 UNITED STATES TREASURY 3.875 07/31/2030 48,437.50 48,437.50 July 2026 Total 5,126,971.58 511,405.38 5,638,376.96
AUGUST 2026
08/03/2026 Final Maturity 62479MH30 2,200,000.00 MUFG Bank, Ltd., New York Branch 08/03/2026 2,200,000.00 2,200,000.00 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 02079KBK2 1,300,000.00 ALPHABET INC 4.1 02/15/2031 26,946.11 26,946.11 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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 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 252,628.28 HART 2024-B A3 4.84 03/15/2029 910.66 910.66 08/17/2026 Principal Paydown 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 14,428.37 14,428.37 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 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 1,691.30 1,691.30 08/17/2026 Principal Paydown 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 22,853.29 22,853.29 08/17/2026 Coupon 47800CAC0 71,621.50 JDOT 2023 A3 5.01 11/15/2027 194.88 194.88 08/17/2026 Principal Paydown 47800CAC0 71,621.50 JDOT 2023 A3 5.01 11/15/2027 12,053.56 12,053.56 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 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 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 1,669.83 1,669.83 08/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 50,982.80 50,982.80 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 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 630.33 630.33 262
CONFIDENTIAL | 30
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 11,812.31 11,812.31 08/21/2026 Coupon 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 1,909.10 1,909.10 08/21/2026 Principal Paydown 43813YAC6 525,777.46 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 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 153.39 153.39 08/25/2026 Principal Paydown 05592XAD2 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 5,932.13 5,932.13 08/25/2026 Coupon 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 1,243.11 1,243.11 08/25/2026 Principal Paydown 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 20,547.40 20,547.40 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 19,386.21 19,386.21 08/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 08/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 08/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 08/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 08/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 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 91282CNX5 2,400,000.00 UNITED STATES TREASURY 3.625 08/31/2030 43,500.00 43,500.00 August 2026 Total 2,393,010.98 352,983.07 2,745,994.05
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 09/09/2026 Coupon 002824BR0 1,000,000.00 ABBOTT LABORATORIES 3.7 03/09/2029 18,500.00 18,500.00 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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 263
CONFIDENTIAL | 31
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 252,628.28 HART 2024-B A3 4.84 03/15/2029 852.47 852.47 09/15/2026 Principal Paydown 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 14,186.00 14,186.00 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 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 1,592.27 1,592.27 09/15/2026 Principal Paydown 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 25,262.14 25,262.14 09/15/2026 Coupon 47800CAC0 71,621.50 JDOT 2023 A3 5.01 11/15/2027 144.56 144.56 09/15/2026 Principal Paydown 47800CAC0 71,621.50 JDOT 2023 A3 5.01 11/15/2027 11,749.13 11,749.13 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 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 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 1,471.85 1,471.85 09/21/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 56,743.48 56,743.48 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 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 574.52 574.52 09/21/2026 Principal Paydown 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 11,567.46 11,567.46 09/21/2026 Coupon 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 1,775.76 1,775.76 09/21/2026 Principal Paydown 43813YAC6 525,777.46 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 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 126.35 126.35 09/25/2026 Principal Paydown 05592XAD2 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 5,823.62 5,823.62 09/25/2026 Coupon 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 1,154.41 1,154.41 09/25/2026 Principal Paydown 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 20,179.14 20,179.14 09/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,510.33 2,510.33 09/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 37,607.86 37,607.86 09/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 264
CONFIDENTIAL | 32
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 09/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 09/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 09/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 09/28/2026 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
09/28/2026 Coupon 57636QAP9 1,200,000.00 MASTERCARD INC 3.35 03/26/2030 20,100.00 20,100.00 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 5,853,085.00 348,230.69 6,201,315.69
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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 10/15/2026 Coupon 24422EYF0 1,000,000.00 JOHN DEERE CAPITAL CORP 4.375 10/15/2030 21,875.00 21,875.00 10/15/2026 Coupon 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 795.25 795.25 10/15/2026 Principal Paydown 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 13,652.22 13,652.22 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 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 1,482.80 1,482.80 10/15/2026 Principal Paydown 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 23,966.59 23,966.59 10/15/2026 Coupon 47800CAC0 71,621.50 JDOT 2023 A3 5.01 11/15/2027 95.50 95.50 10/15/2026 Principal Paydown 47800CAC0 71,621.50 JDOT 2023 A3 5.01 11/15/2027 14,326.05 14,326.05 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 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 10/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 265
CONFIDENTIAL | 33
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 10/19/2026 Coupon 61747YFU4 2,200,000.00 MORGAN STANLEY 4.654 10/18/2030 51,194.00 51,194.00 10/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,251.50 1,251.50 10/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 63,890.03 63,890.03 10/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 10/20/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 90,515.74 90,515.74 10/21/2026 Coupon 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 519.86 519.86 10/21/2026 Principal Paydown 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 11,168.99 11,168.99 10/21/2026 Coupon 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 1,645.25 1,645.25 10/21/2026 Principal Paydown 43813YAC6 525,777.46 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 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 99.81 99.81 10/26/2026 Principal Paydown 05592XAD2 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 5,112.32 5,112.32 10/26/2026 Coupon 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 1,067.31 1,067.31 10/26/2026 Principal Paydown 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 18,471.98 18,471.98 10/26/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,367.42 2,367.42 10/26/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 36,162.51 36,162.51 10/26/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 10/26/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 10/26/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 10/26/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 10/26/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 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 735,693.17 187,144.01 922,837.18
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 11/02/2026 Coupon 91282CQK0 1,525,000.00 UNITED STATES TREASURY 3.875 04/30/2031 29,546.88 29,546.88 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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 266
CONFIDENTIAL | 34
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 11/16/2026 Coupon 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 740.19 740.19 11/16/2026 Principal Paydown 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 13,389.89 13,389.89 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 19,889.52 19,889.52 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 11,186.18 11,186.18 11/16/2026 Coupon 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 1,378.95 1,378.95 11/16/2026 Principal Paydown 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 28,411.11 28,411.11 11/16/2026 Coupon 47800CAC0 71,621.50 JDOT 2023 A3 5.01 11/15/2027 35.69 35.69 11/16/2026 Effective Maturity 47800CAC0 71,621.50 JDOT 2023 A3 5.01 11/15/2027 8,548.97 8,548.97 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 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 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 1,003.39 1,003.39 11/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 57,785.42 57,785.42 11/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,413.95 3,413.95 11/20/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 107,601.38 107,601.38 11/23/2026 Coupon 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 467.09 467.09 11/23/2026 Principal Paydown 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 10,921.25 10,921.25 11/23/2026 Coupon 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 1,519.69 1,519.69 11/23/2026 Principal Paydown 43813YAC6 525,777.46 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 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 76.50 76.50 11/25/2026 Principal Paydown 05592XAD2 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 4,881.78 4,881.78 11/25/2026 Coupon 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 987.57 987.57 11/25/2026 Principal Paydown 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 18,115.48 18,115.48 11/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,230.01 2,230.01 11/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 35,454.00 35,454.00 11/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 267
CONFIDENTIAL | 35
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 11/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 11/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 11/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 11/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 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 392,736.76 405,853.09 798,589.85
DECEMBER 2026
12/03/2026 Coupon 38151LAJ9 355,000.00 GOLDMAN SACHS BANK USA 4.656 06/03/2029 8,264.40 8,264.40 12/07/2026 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
12/08/2026 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 12/09/2026 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 12/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 12/15/2026 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 12/15/2026 Coupon 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 686.18 686.18 12/15/2026 Principal Paydown 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 12,715.58 12,715.58 12/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,214.40 2,214.40 12/15/2026 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 35,720.82 35,720.82 12/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,203.52 1,203.52 12/15/2026 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 44,642.91 44,642.91 12/15/2026 Coupon 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 1,255.83 1,255.83 12/15/2026 Principal Paydown 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 18,782.27 18,782.27 12/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 12/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 12/15/2026 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 12/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 12/21/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 778.99 778.99 12/21/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 48,115.19 48,115.19 12/21/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,003.27 3,003.27 268
CONFIDENTIAL | 36
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 12/21/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 136,668.29 136,668.29 12/21/2026 Coupon 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 415.49 415.49 12/21/2026 Principal Paydown 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 10,466.47 10,466.47 12/21/2026 Coupon 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 1,397.17 1,397.17 12/21/2026 Principal Paydown 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 30,680.06 30,680.06 12/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,625.71 2,625.71 12/21/2026 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 42,069.04 42,069.04 12/25/2026 Coupon 05592XAD2 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 54.25 54.25 12/25/2026 Principal Paydown 05592XAD2 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 4,700.18 4,700.18 12/25/2026 Coupon 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 909.37 909.37 12/25/2026 Principal Paydown 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 17,288.17 17,288.17 12/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,095.28 2,095.28 12/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 32,310.29 32,310.29 12/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 12/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 12/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 12/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 12/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 12/28/2026 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 December 2026
Total 434,159.27 190,183.07 624,342.34
JANUARY 2027
01/08/2027 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
01/11/2027 Coupon 57629TBV8 1,200,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 29,700.00 29,700.00
01/11/2027 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
01/12/2027 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
01/15/2027 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 01/15/2027 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 01/15/2027 Coupon 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 634.90 634.90 269
CONFIDENTIAL | 37
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 01/15/2027 Principal Paydown 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 12,504.92 12,504.92 01/15/2027 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,085.80 2,085.80 01/15/2027 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 34,985.67 34,985.67 01/15/2027 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,035.00 1,035.00 01/15/2027 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 39,128.60 39,128.60 01/15/2027 Coupon 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 1,174.44 1,174.44 01/15/2027 Principal Paydown 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 26,911.78 26,911.78 01/15/2027 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 01/15/2027 Principal Paydown 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 4,189.40 4,189.40 01/15/2027 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 01/15/2027 Coupon 828807EB9 1,400,000.00 SIMON PROPERTY GROUP LP 4.3 01/15/2031 30,100.00 30,100.00 01/15/2027 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 01/15/2027 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 01/15/2027 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 01/20/2027 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 01/20/2027 Effective Maturity 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 1,250,000.00 1,250,000.00 01/20/2027 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 592.14 592.14 01/20/2027 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 43,848.98 43,848.98 01/20/2027 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,481.65 2,481.65 01/20/2027 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 140,025.37 140,025.37 01/21/2027 Coupon 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 366.03 366.03 01/21/2027 Principal Paydown 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 10,258.79 10,258.79 01/21/2027 Coupon 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 1,280.33 1,280.33 01/21/2027 Principal Paydown 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 30,037.78 30,037.78 01/21/2027 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,465.50 2,465.50 01/21/2027 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 41,224.95 41,224.95 01/25/2027 Coupon 05592XAD2 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 32.83 32.83 01/25/2027 Principal Paydown 05592XAD2 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 4,626.89 4,626.89 01/25/2027 Coupon 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 834.74 834.74 01/25/2027 Principal Paydown 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 17,001.63 17,001.63 01/25/2027 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 1,972.50 1,972.50 01/25/2027 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 31,773.33 31,773.33 270
CONFIDENTIAL | 38
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 01/25/2027 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 01/25/2027 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 01/25/2027 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 01/25/2027 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 01/25/2027 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 01/25/2027 Coupon 46647PEV4 1,300,000.00 JPMORGAN CHASE & CO 5.14 01/24/2031 33,410.00 33,410.00 January 2027 Total 1,686,518.09 267,947.57 1,954,465.66 FEBRUARY 2027
02/01/2027 Coupon 025816DY2 1,000,000.00 AMERICAN EXPRESS CO 5.085 01/30/2031 25,425.00 25,425.00 02/01/2027 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 02/01/2027 Coupon 91282CLC3 2,500,000.00 UNITED STATES TREASURY 4.0 07/31/2029 50,000.00 50,000.00 02/01/2027 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 02/01/2027 Coupon 91282CNN7 2,500,000.00 UNITED STATES TREASURY 3.875 07/31/2030 48,437.50 48,437.50 02/15/2027 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 02/15/2027 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 02/15/2027 Coupon 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 584.46 584.46 02/15/2027 Principal Paydown 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 11,866.27 11,866.27 02/15/2027 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 1,959.85 1,959.85 02/15/2027 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 34,649.65 34,649.65 02/15/2027 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 887.28 887.28 02/15/2027 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 42,316.82 42,316.82 02/15/2027 Coupon 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 1,057.82 1,057.82 02/15/2027 Principal Paydown 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 24,387.98 24,387.98 02/15/2027 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,747.73 1,747.73 02/15/2027 Principal Paydown 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 34,107.44 34,107.44 02/15/2027 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 02/15/2027 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 02/16/2027 Coupon 02079KBK2 1,300,000.00 ALPHABET INC 4.1 02/15/2031 26,650.00 26,650.00 02/16/2027 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 02/16/2027 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 02/16/2027 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 02/18/2027 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 271
CONFIDENTIAL | 39
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 02/22/2027 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 421.86 421.86 02/22/2027 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 42,856.71 42,856.71 02/22/2027 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,947.22 1,947.22 02/22/2027 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 113,334.11 113,334.11 02/22/2027 Coupon 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 317.56 317.56 02/22/2027 Principal Paydown 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 10,089.26 10,089.26 02/22/2027 Coupon 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 1,165.94 1,165.94 02/22/2027 Principal Paydown 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 29,520.74 29,520.74 02/22/2027 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,308.50 2,308.50 02/22/2027 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 40,606.86 40,606.86 02/25/2027 Coupon 05592XAD2 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 11.73 11.73 02/25/2027 Effective Maturity 05592XAD2 39,536.24 BMWOT 2023-A A3 5.47 02/25/2028 2,574.36 2,574.36 02/25/2027 Coupon 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 761.35 761.35 02/25/2027 Principal Paydown 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 16,802.64 16,802.64 02/25/2027 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 1,851.76 1,851.76 02/25/2027 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 31,451.56 31,451.56 02/25/2027 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 02/25/2027 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 02/25/2027 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 02/25/2027 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 02/25/2027 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 02/26/2027 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 February 2027
Total 434,564.38 382,179.80 816,744.18
MARCH 2027
03/01/2027 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 03/01/2027 Coupon 91282CFJ5 2,000,000.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 03/01/2027 Coupon 91282CGQ8 2,700,000.00 UNITED STATES TREASURY 4.0 02/28/2030 54,000.00 54,000.00 03/01/2027 Coupon 91282CNX5 2,400,000.00 UNITED STATES TREASURY 3.625 08/31/2030 43,500.00 43,500.00 03/09/2027 Coupon 002824BR0 1,000,000.00 ABBOTT LABORATORIES 3.7 03/09/2029 18,500.00 18,500.00 03/15/2027 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 03/15/2027 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 272
CONFIDENTIAL | 40
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 03/15/2027 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
03/15/2027 Coupon 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 536.60 536.60 03/15/2027 Principal Paydown 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 11,264.15 11,264.15 03/15/2027 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 1,835.12 1,835.12 03/15/2027 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 33,641.78 33,641.78 03/15/2027 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 727.54 727.54 03/15/2027 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 39,852.17 39,852.17 03/15/2027 Coupon 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 952.14 952.14 03/15/2027 Principal Paydown 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 24,047.88 24,047.88 03/15/2027 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,627.50 1,627.50 03/15/2027 Principal Paydown 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 24,825.67 24,825.67 03/15/2027 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 03/15/2027 Principal Paydown 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 25,442.70 25,442.70 03/15/2027 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 03/15/2027 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 03/22/2027 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 255.44 255.44 03/22/2027 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 47,917.51 47,917.51 03/22/2027 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,514.66 1,514.66 03/22/2027 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 100,715.34 100,715.34 03/22/2027 Coupon 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 269.89 269.89 03/22/2027 Principal Paydown 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 9,819.24 9,819.24 03/22/2027 Coupon 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 1,053.51 1,053.51 03/22/2027 Principal Paydown 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 28,667.15 28,667.15 03/22/2027 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,153.86 2,153.86 03/22/2027 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 39,368.09 39,368.09 03/22/2027 Coupon 459058LR2 635,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 13,096.88 13,096.88
03/25/2027 Coupon 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 688.82 688.82 03/25/2027 Principal Paydown 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 14,837.90 14,837.90 03/25/2027 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 1,732.25 1,732.25 03/25/2027 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 30,544.94 30,544.94 273
CONFIDENTIAL | 41
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 03/25/2027 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 03/25/2027 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 03/25/2027 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 03/25/2027 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 03/25/2027 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 03/26/2027 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
03/26/2027 Coupon 57636QAP9 1,200,000.00 MASTERCARD INC 3.35 03/26/2030 20,100.00 20,100.00 03/31/2027 Coupon 91282CFL0 2,200,000.00 UNITED STATES TREASURY 3.875 09/30/2029 42,625.00 42,625.00 03/31/2027 Coupon 91282CGS4 2,500,000.00 UNITED STATES TREASURY 3.625 03/31/2030 45,312.50 45,312.50 03/31/2027 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 March 2027 Total 430,944.53 461,903.21 892,847.74
APRIL 2027
04/15/2027 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 04/15/2027 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 04/15/2027 Coupon 24422EYF0 1,000,000.00 JOHN DEERE CAPITAL CORP 4.375 10/15/2030 21,875.00 21,875.00 04/15/2027 Coupon 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 491.17 491.17 04/15/2027 Principal Paydown 44934QAD3 252,628.28 HART 2024-B A3 4.84 03/15/2029 11,722.04 11,722.04 04/15/2027 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 1,714.01 1,714.01 04/15/2027 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 35,115.64 35,115.64 04/15/2027 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 577.10 577.10 04/15/2027 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 44,835.96 44,835.96 04/15/2027 Coupon 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 847.94 847.94 04/15/2027 Principal Paydown 47786WAD2 430,629.19 JDOT 2024-B A3 5.2 03/15/2029 25,432.22 25,432.22 04/15/2027 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,539.99 1,539.99 04/15/2027 Principal Paydown 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 29,759.36 29,759.36 04/15/2027 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 1,938.34 1,938.34 04/15/2027 Principal Paydown 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 39,667.68 39,667.68 04/15/2027 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 04/15/2027 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 04/16/2027 Coupon 96130AK31 1,650,000.00 Westpac Banking Corporation - New York Branch 4.0 04/16/2027 66,183.33 66,183.33
274
CONFIDENTIAL | 42
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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 04/16/2027 Final Maturity 96130AK31 1,650,000.00 Westpac Banking Corporation - New York Branch 4.0 04/16/2027 1,650,000.00 1,650,000.00
04/19/2027 Coupon 61747YFU4 2,200,000.00 MORGAN STANLEY 4.654 10/18/2030 51,194.00 51,194.00 04/20/2027 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 69.36 69.36 04/20/2027 Effective Maturity 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 17,859.90 17,859.90 04/20/2027 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,130.27 1,130.27 04/20/2027 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 98,492.52 98,492.52 04/21/2027 Coupon 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 223.49 223.49 04/21/2027 Principal Paydown 438123AC5 150,491.08 HAROT 2023-4 A3 5.67 06/21/2028 9,901.15 9,901.15 04/21/2027 Coupon 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 944.34 944.34 04/21/2027 Principal Paydown 43813YAC6 525,777.46 HAROT 2024-3 A3 4.57 03/21/2029 22,668.93 22,668.93 04/21/2027 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,003.93 2,003.93 04/21/2027 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 40,568.20 40,568.20 04/26/2027 Coupon 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 624.77 624.77 04/26/2027 Principal Paydown 096919AD7 303,683.61 BMWOT 2024-A A3 5.18 02/26/2029 15,131.46 15,131.46 04/26/2027 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 1,616.18 1,616.18 04/26/2027 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 31,785.73 31,785.73 04/26/2027 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 04/26/2027 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 04/26/2027 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 04/26/2027 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 04/26/2027 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 04/30/2027 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
04/30/2027 Coupon 91282CFT3 2,500,000.00 UNITED STATES TREASURY 4.0 10/31/2029 50,000.00 50,000.00 04/30/2027 Coupon 91282CKP5 2,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 46,250.00 46,250.00 04/30/2027 Coupon 91282CMZ1 2,700,000.00 UNITED STATES TREASURY 3.875 04/30/2030 52,312.50 52,312.50 04/30/2027 Coupon 91282CQK0 1,525,000.00 UNITED STATES TREASURY 3.875 04/30/2031 29,546.88 29,546.88 April 2027 Total 2,072,940.81 413,660.70 2,486,601.51
Grand Total 437,139,766.31 19,695,013.83 3,866,057.76 23,561,071.58 275
CONFIDENTIAL | 43
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 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.

LAIF Yields: Additional Disclosure for CA Clients - As a result of a reporting lag from the Local Agency Investment Fund (LAIF), reported LAIF yields represent the most recently available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end. 276
CONFIDENTIAL | 44
City of Orange | Account #10888 | As of May 31, 2026
Execution Time: 06/03/2026 05:39:19 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

MONTHLY ACCOUNT STATEMENT
City of Orange | Account #10888 | As of June 30, 2026
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 0.10% 0.38% 0.66% 3.06% 4.57% 4.67% -- -- 2.04% Benchmark Return 0.06% 0.24% 0.43% 2.71% 4.37% 4.30% -- -- 1.84% Average Modified Duration 2.47
Average Coupon 3.83%
Average Purchase YTM 4.08%
Average Market YTM 4.29%
Average Credit Quality* AA+
Average Final Maturity 2.94
Average Life 2.73
End Values as of
05/31/2026
End Values as of
06/30/2026
Market Value 109,246,189.35 109,201,165.45
Accrued Interest 809,005.46 954,920.17
Total Market Value 110,055,194.81 110,156,085.62
Income Earned 213,978.71 511,746.23
Cont/WD 0.00 0.00
Par 109,931,826.75 110,324,552.79
Book Value 109,512,842.16 109,704,852.30
Cost Value 109,336,881.90 109,515,426.22
United States 31.87%
Federal Home Loan Mortgage Corp 11.17%
Federal Home Loan Banks 8.22%
Farm Credit System 3.79%
International Bank for Recon and Dev 2.39%
Mitsubishi UFJ Financial Group, Inc. 2.01%
Morgan Stanley 2.00%
Chase Issuance Trust 1.79%
**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. 279
CONFIDENTIAL | 3
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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 109,512,842.16 105,399,801.80
Maturities/Calls 0.00 (21,985,000.00)
Principal Paydowns (133,703.39) (1,450,263.44)
Purchases 9,159,853.19 84,784,573.23
Sales (9,040,046.37) (57,285,984.93)
Change in Cash, Payables, Receivables 205,520.17 33.82
Amortization/Accretion 17,410.62 199,159.89
Realized Gain (Loss) (17,024.08) 42,531.93
Ending Book Value 109,704,852.30 109,704,852.30
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 109,246,189.35 105,780,134.31
Maturities/Calls 0.00 (21,985,000.00)
Principal Paydowns (133,703.39) (1,450,263.44)
Purchases 9,159,853.19 84,784,573.23
Sales (9,040,046.37) (57,285,984.93)
Change in Cash, Payables, Receivables 205,520.17 33.82
Amortization/Accretion 17,410.62 199,159.89
Change in Net Unrealized Gain (Loss) (237,034.05) (884,019.37) Realized Gain (Loss) (17,024.08) 42,531.93
Ending Market Value 109,201,165.45 109,201,165.45
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (21,985,000.00)
Principal Paydowns
Month to Date (133,703.39)
Fiscal Year to Date (1,450,263.44)
Purchases
Month to Date 9,159,853.19
Fiscal Year to Date 84,784,573.23
Sales
Month to Date (9,040,046.37)
Fiscal Year to Date (57,285,984.93)
Interest Received
Month to Date 347,654.88
Fiscal Year to Date 3,729,582.14
Purchased / Sold Interest
Month to Date 766.02
Fiscal Year to Date (60,793.33)
280
CONFIDENTIAL | 4
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 60,198.38 02/22/2023

3.39%
60,187.41
60,195.17
100.16

4.26%
60,296.86
134.04

0.06%
101.69
Aaa/NA
AAA

1.38 0.19
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 430,000.00 02/05/2025

4.66%
429,949.26
429,972.42
100.19

4.34%
430,798.51
612.27

0.39%
826.09
NA/AAA
AAA

1.65 0.50
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 32,497.46 07/11/2023

5.47%
32,491.70
32,495.39
100.33

4.10%
32,604.18

29.63 0.03%
108.79
NA/AAA
AAA

1.66 0.23
44935DAD1 HALST 2025-B A3 4.53
04/17/2028 330,000.00 04/24/2025

4.53%
329,970.20
329,981.95
100.19

4.33%
330,616.77
664.40

0.30%
634.82
NA/AAA
AAA

1.80 0.78
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 985,000.00 --

4.80%
985,558.36
985,261.53
100.23

4.29%
987,236.94
1,378.45

0.90%
1,975.41
NA/AAA
AAA

1.90 0.68
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 136,006.62 11/01/2023

5.74%
135,982.67
135,996.38
100.62

4.34%
136,843.06
214.21

0.13%
846.68
Aaa/NA
AAA

1.98 0.42
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.23%
1,059,706.17
1,059,870.21
100.25

3.96%
1,062,670.14
2,430.93

0.97%
2,799.93
NA/AAA
AAA

2.21 0.20
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2026 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,996.72
100.28

3.89%
1,057,956.11
2,452.29

0.97%
2,959.39
NA/AAA
AAA

0.21 0.20
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 279,385.24 06/04/2024

5.18%
279,342.80
279,361.30
100.51

4.33%
280,799.49
241.20

0.26%
1,438.19
Aaa/AAA
NA

2.66 0.56
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 411,532.05 06/11/2024

5.81%
411,451.60
411,486.13
100.64

4.40%
414,162.15
951.10

0.38%
2,676.02
Aaa/NA
AAA

2.71 0.74
44934QAD3 HART 2024-B A3 4.84
03/15/2029 235,078.32 07/16/2024

5.45%
235,042.85
235,057.64
100.30

4.40%
235,787.56
505.68

0.22%
729.91
NA/AAA
AAA

2.71 0.61
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 489,227.01 08/09/2024

4.66%
489,150.16
489,181.35
100.20

4.31%
490,196.66
621.05

0.45%
1,015.31
Aaa/NA
AAA

2.72 0.64
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 530,000.00 05/14/2025

4.66%
529,935.39
529,953.79
100.31

4.42%
531,658.90
1,085.91

0.49%
1,705.11
NA/AAA
AAA

2.79 1.34
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,983.52
100.65

4.21%
508,259.78
1,106.51

0.47%
3,276.25
Aaa/AAA
NA

2.87 0.84
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 500,000.00 03/04/2025

5.09%
499,968.55
499,977.64

99.88 4.35%
499,380.50
940.00

0.46%
(597.14)
Aaa/NA
AAA

3.22 1.47
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029 795,000.00 02/04/2025

4.57%
794,975.51
794,982.86
100.28

4.32%
797,201.36
1,009.21

0.73%
2,218.50
NA/AAA
AAA

3.23 0.94
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 680,000.00 02/04/2025

4.56%
679,933.02
679,953.04
100.25

4.28%
681,681.64
516.80

0.62%
1,728.60
Aaa/AAA
NA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 560,000.00 10/17/2024

4.29%
559,916.78
559,944.95
100.06

4.28%
560,337.12
1,067.73

0.51%
392.17
Aaa/AAA
NA

3.29 1.23
44935CAD3 HART 2025-A A3 4.32
10/15/2029 635,000.00 03/04/2025

4.84%
634,906.34
634,932.91
100.05

4.31%
635,292.10
1,219.20

0.58%
359.19
NA/AAA
AAA

3.29 0.95
161571HZ0 CHAIT 2025-1 A 4.16 07/15/2030 900,000.00 02/26/2026

3.70%
910,089.84
908,650.09

99.61 4.40%
896,485.50
1,664.00

0.82%
(12,164.59)
NA/AAA
AAA

4.04 1.91
89240QAD7 TAOT 2026-B A3 4.13
12/16/2030 400,000.00 04/14/2026

4.27%
399,915.64
399,919.16

99.42 4.46%
397,667.20
734.22

0.36%
(2,251.96)
Aaa/AAA
NA

4.46 1.97
Total ABS 11,008,925.08 4.78%
11,018,398.75
11,017,154.16
100.17

4.25%
11,027,932.51
19,578.84

10.10%
10,778.34

2.60 0.86
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

99.77 3.82%
4,988,615.00
19,000.00

4.57%
(11,385.00)
Aa1/AA+
AA+

0.08 0.08
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
2,012,354.49
100.26

4.15%
2,005,150.00
25,763.89

1.84%
(7,204.49)
Aa1/AA+
AA+

1.21 1.15
3130AEB25 FEDERAL HOME LOAN BANKS

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

4.15%
1,921,180.00
1,968,622.47

98.22 4.21%
1,964,404.00
3,972.22

1.80%
(4,218.47)
Aa1/AA+
AA+

1.94 1.85
3130AXQK7 FEDERAL HOME LOAN BANKS

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

4.05%
2,060,660.00
2,030,466.78
101.29

4.19%
2,025,812.00
6,069.44

1.86%
(4,654.78)
Aa1/AA+
AA+

2.44 2.28
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
2,102,413.99
101.52

4.17%
2,132,022.90
16,902.08

1.95%
29,608.91
Aa1/AA+
AA+

2.83 2.61
Total Agency 13,100,000.00 2.94%
13,141,823.00
13,113,857.72
100.13

4.04%
13,116,003.90
71,707.64

12.01%
2,146.18

1.34 1.26

AGENCY CMBS
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 2,200,000.00 02/11/2026

3.70%
2,202,750.00
2,202,291.67

98.91 4.37%
2,175,995.80
7,058.33

1.99%
(26,295.87)
Aa1/AA+
AAA

1.90 1.72
3137FNX54 FHMS K-097 A2 2.508
07/25/2029 2,000,000.00 02/18/2026

3.76%
1,919,062.50
1,927,526.55

94.50 4.43%
1,890,048.00
4,180.00

1.73%
(37,478.55)
Aaa/AA+
AA+

3.07 2.86
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030 1,500,000.00 06/12/2025

4.23%
1,365,820.31
1,396,473.78

92.25 4.44%
1,383,717.00
2,586.25

1.27%
(12,756.78)
Aa1/AA+
AAA

3.57 3.33
3137HAGZ3 FHMS K-752 A2 4.284
07/25/2030 1,000,000.00 06/25/2026

4.38%
995,078.13
995,081.50

99.24 4.46%
992,417.00
3,570.00

0.91%
(2,664.50)
Aa1/AA+
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
3137HB2L7 FHMS K-753 A2 4.4 10/25/2030 2,000,000.00 02/18/2026

3.87%
2,040,390.63
2,037,315.08

99.61 4.47%
1,992,260.00
7,333.33

1.82%
(45,055.08)
Aa1/AA+
AAA

4.32 3.76
3137F8ZV8 FHMS K-123 A2 1.621
12/25/2030 2,200,000.00 02/11/2026

3.98%
1,976,648.44
1,993,770.36

88.77 4.46%
1,952,880.60
2,971.83

1.79%
(40,889.76)
Aa1/AA+
AAA

4.49 4.13
3137FXYV4 FHMS K-126 A2 2.074
01/27/2031 2,000,000.00 06/25/2026

4.39%
1,813,125.00
1,813,236.77

90.35 4.46%
1,807,050.00
3,456.67

1.65%
(6,186.77)
Aa1/AA+
AAA

4.58 4.17
Total Agency CMBS 12,900,000.00 4.00%
12,312,875.01
12,365,695.70

94.72 4.44%
12,194,368.40
31,156.42

11.17%
(171,327.30)

3.65 3.31
CASH
CCYUSD Receivable 1,764.96 -- 1,764.96
1,764.96

1.00 1,764.96

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 1,764.96
1,764.96
1,764.96

1.00 1,764.96

0.00 0.00%

0.00 0.00

0.00 COMMERCIAL
PAPER
62479MH30 MUFG Bank, Ltd., New York
Branch 08/03/2026 2,200,000.00 02/13/2026

3.73%
2,162,545.61
2,192,598.83

99.66 3.75%
2,192,454.00

0.00 2.01%
(144.83)
P-1/A-1
NA

0.09 0.09
Total Commercial
Paper 2,200,000.00 3.73%
2,162,545.61
2,192,598.83

99.66 3.75%
2,192,454.00

0.00 2.01%
(144.83)

0.09 0.09

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

5.18%
504,641.45
504,977.43
100.21

3.97%
506,036.26
8,163.47

0.46%
1,058.83
A1/A
A+

0.19 0.18
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,987.64
100.30

4.25%
381,130.88
2,758.96

0.35%
1,143.24
A1/A+
NA

0.36 0.27
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,240,495.22

99.65 5.20%
1,245,562.50
21,377.22

1.14%
5,067.28
A1/A-
AA-

1.56 0.53
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,480,156.68

98.92 4.29%
1,483,798.50
19,950.00

1.36%
3,641.82
A1/A+
NA

1.64 1.54
857477CU5 STATE STREET CORP 4.536
02/28/2028 1,285,000.00 02/25/2025

4.51%
1,285,000.00
1,285,000.00
100.38

4.29%
1,289,877.86
19,914.93

1.18%
4,877.86
Aa3/A
AA-

1.67 1.48
58933YBH7 MERCK & CO INC 4.05
05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,255,951.00

99.71 4.21%
1,246,360.00
6,187.50

1.14%
(9,591.00)
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
981,980.04

99.50 4.46%
994,971.00
19,597.22

0.91%
12,990.96
A2/A+
A

2.54 2.33
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,197,161.80
100.64

4.33%
1,207,663.20
23,153.33

1.11%
10,501.40
A1/A+
NA

2.59 2.37
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,340.77
101.06

4.42%
1,263,273.75
21,050.35

1.16%
12,932.98
A1/AA-
NA

2.66 2.36
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029 1,000,000.00 --

3.75%
998,465.00
998,624.66

98.08 4.46%
980,849.00
11,511.11

0.90%
(17,775.66)
Aa3/A+
NA

2.69 2.50
38151LAJ9 GOLDMAN SACHS BANK USA

4.656 06/03/2029 355,000.00 05/27/2026

4.57%
355,000.00
355,000.00
100.06

4.54%
355,219.75
1,285.57

0.33%
219.75
A1/A+
AA-

2.93 1.81
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,247,600.86
100.99

4.39%
1,262,371.25
989.58

1.16%
14,770.39
A2/A
A

2.99 2.68
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
704,036.09

99.48 4.38%
701,312.15
11,268.25

0.64%
(2,723.94)
Aa3/AA-
NA

3.12 2.85
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,269,466.18
100.49

4.48%
1,256,155.00
21,958.33

1.15%
(13,311.18)
A2/A
A

3.13 2.76
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,281,447.56

98.69 4.62%
1,282,981.70
14,336.29

1.17%
1,534.14
Aa1/AA+
NA

3.24 2.96
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,675.36

99.95 4.62%
829,562.59
2,757.44

0.76%
(112.77)
Aa1/AA+
AAA

3.43 3.13
14913UAX8 CATERPILLAR FINANCIAL
SERVICES CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,694.11
101.35

4.38%
972,974.40
22,144.00

0.89%
14,280.29
A1/A
A+

3.53 3.14
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,808.49
100.57

4.72%
824,702.70
19,197.11

0.76%
5,894.21
Aa3/AA-
AA-

3.53 3.13
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,200,000.00 --

4.90%
1,202,338.00
1,201,833.65
100.70

4.73%
1,208,406.00
28,215.00

1.11%
6,572.35
Aa3/AA+
AA+

3.53 3.13
57636QAP9 MASTERCARD INC 3.35
03/26/2030 1,200,000.00 03/30/2026

4.28%
1,159,488.00
1,162,047.82

96.14 4.48%
1,153,731.60
10,608.33

1.06%
(8,316.22)
Aa3/A+
NA

3.74 3.43
24422EYF0 JOHN DEERE CAPITAL CORP

4.375 10/15/2030 1,000,000.00 03/30/2026

4.44%
997,420.00
997,563.07

99.40 4.53%
993,959.00
9,236.11

0.91%
(3,604.07)
A1/A
A+

4.29 3.83
61747YFU4 MORGAN STANLEY 4.654
10/18/2030 2,200,000.00 02/13/2026

4.16%
2,236,300.00
2,232,667.29

99.46 4.81%
2,188,142.00
20,762.01

2.00%
(44,525.29)
A1/A-
A+

4.30 2.99
828807EB9 SIMON PROPERTY GROUP LP 4.3
01/15/2031 1,400,000.00 02/18/2026

4.23%
1,403,920.00
1,403,626.00

98.34 4.71%
1,376,772.60
28,093.33

1.26%
(26,853.40)
A3/A
NA

4.54 3.99
46647PEV4 JPMORGAN CHASE & CO 5.14
01/24/2031 1,300,000.00 02/11/2026

4.22%
1,343,264.00
1,339,093.61
101.12

4.76%
1,314,618.50
29,140.94

1.20%
(24,475.11)
A1/A
AA-

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
025816DY2 AMERICAN EXPRESS CO 5.085
01/30/2031 1,000,000.00 03/30/2026

4.62%
1,016,100.00
1,015,042.76
101.20

4.71%
1,011,989.00
21,328.75

0.93%
(3,053.76)
A2/A-
A

4.59 3.18
02079KBK2 ALPHABET INC 4.1 02/15/2031 1,300,000.00 02/12/2026

4.10%
1,300,075.52
1,300,069.54

98.26 4.52%
1,277,354.00
20,431.67

1.17%
(22,715.54)
Aa2/AA+
NA

4.63 4.10
67066GAR5 NVIDIA CORP 4.5 06/15/2031 1,450,000.00 --

4.53%
1,448,108.30
1,448,118.17

99.65 4.58%
1,444,867.00
2,356.25

1.32%
(3,251.17)
Aa1/AA
NA

4.96 4.39
Total Corporate 30,140,000.00 4.51%
30,071,706.12
30,139,465.80

99.73 4.54%
30,054,642.18
417,773.08

27.52%
(84,823.62)

3.24 2.73

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 313,862.75 --

3.27%
313,862.75
313,862.75

1.00 3.27%
313,862.75

0.00 0.29%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 313,862.75 3.27%
313,862.75
313,862.75

1.00 3.27%
313,862.75

0.00 0.29%

0.00 0.00

0.00 NEGOTIABLE CD
89115M3E4 Toronto-Dominion Bank - New
York Branch 4.0 03/12/2027 1,250,000.00 06/25/2026

4.28%
1,247,117.38
1,247,173.03

99.83 4.19%
1,247,891.25
15,416.67

1.14%
718.22
P-1/NA
F1+

0.70 0.69
96130AK31 Westpac Banking Corporation -
New York Branch 4.0 04/16/2027 1,650,000.00 05/28/2026

4.00%
1,649,758.64
1,649,784.05

99.79 4.24%
1,646,478.90
13,200.00

1.51%
(3,305.15)
P-1/A-1+
NA

0.79 0.78
Total Negotiable
CD 2,900,000.00 4.12%
2,896,876.02
2,896,957.08

99.81 4.22%
2,894,370.15
28,616.67

2.65%
(2,586.93)

0.75 0.74

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
1,974,781.00

98.71 4.17%
1,974,164.00
32,861.11

1.81%
(617.00)
Aaa/AAA
NA

2.03 1.91
459058LR2

INTERNATIONAL BANK FOR

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

4.20%
632,733.05
633,314.06

99.70 4.21%
633,087.38
7,348.80

0.58%
(226.68)
Aaa/AAA
NA

3.72 3.38
Total
Supranational 2,635,000.00 4.20%
2,571,113.05
2,608,095.07

98.95 4.18%
2,607,251.38
40,209.91

2.39%
(843.69)

2.44 2.26

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 1,900,000.00 05/28/2024

4.53%
1,866,453.13
1,880,938.84

99.88 4.17%
1,897,773.20
19,700.82

1.74%
16,834.36
Aa1/AA+
AA+

2.75 2.55
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,214,445.76
100.91

4.17%
2,219,938.60
8,385.25

2.03%
5,492.84
Aa1/AA+
AA+

2.92 2.70
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,500,000.00 --

3.62%
2,540,527.34
2,526,389.51

99.52 4.17%
2,488,085.00
41,712.71

2.28%
(38,304.51)
Aa1/AA+
AA+

3.08 2.82
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,944,382.88

96.91 4.17%
1,938,282.00
20,889.95

1.77%
(6,100.88)
Aa1/AA+
AA+

3.17 2.94
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.10%
2,177,828.13
2,185,338.16

99.09 4.17%
2,180,063.60
21,428.96

2.00%
(5,274.56)
Aa1/AA+
AA+

3.25 2.99
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 2,500,000.00 04/29/2025

3.77%
2,523,535.16
2,517,426.03

99.45 4.18%
2,486,230.00
16,847.83

2.28%
(31,196.03)
Aa1/AA+
AA+

3.34 3.07
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,376,417.59

99.84 4.17%
2,396,251.20
8,385.25

2.19%
19,833.61
Aa1/AA+
AA+

3.42 3.14
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 2,500,000.00 04/29/2025

3.78%
2,550,488.28
2,538,076.94
100.22

4.18%
2,505,470.00
44,319.75

2.29%
(32,606.94)
Aa1/AA+
AA+

3.59 3.24
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00 --

4.02%
2,697,195.31
2,697,904.42

99.39 4.18%
2,683,651.50
36,097.83

2.46%
(14,252.92)
Aa1/AA+
AA+

3.67 3.33
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 2,500,000.00 04/29/2025

3.80%
2,480,664.06
2,485,261.19

98.06 4.19%
2,451,562.50
22,780.05

2.24%
(33,698.69)
Aa1/AA+
AA+

3.75 3.43
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 2,700,000.00 05/29/2025

4.03%
2,681,542.97
2,685,622.84

98.92 4.18%
2,670,786.00
17,627.04

2.45%
(14,836.84)
Aa1/AA+
AA+

3.83 3.50
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 2,600,000.00 --

3.84%
2,589,183.60
2,591,244.88

98.42 4.19%
2,558,868.00
8,258.20

2.34%
(32,376.88)
Aa1/AA+
AA+

3.92 3.59
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 2,500,000.00 --

3.68%
2,519,589.84
2,518,016.09

98.82 4.19%
2,470,507.50
40,409.19

2.26%
(47,508.59)
Aa1/AA+
AA+

4.08 3.68
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 2,400,000.00 09/29/2025

3.74%
2,387,625.00
2,389,518.78

97.83 4.20%
2,347,968.00
29,078.80

2.15%
(41,550.78)
Aa1/AA+
AA+

4.17 3.77
91282CQK0 UNITED STATES TREASURY 3.875
04/30/2031 1,525,000.00 05/28/2026

4.19%
1,504,031.25
1,504,416.32

98.56 4.21%
1,503,078.13
9,956.01

1.38%
(1,338.19)
Aa1/AA+
AA+

4.83 4.33
Total US Treasury 35,125,000.00 3.98%
35,024,460.95
35,055,400.23

99.08 4.18%
34,798,515.23
345,877.62

31.87%
(256,885.01)

3.58 3.27
Total Portfolio 110,324,552.79 4.08%
109,515,426.22
109,704,852.30

98.75 4.29%
109,201,165.45
954,920.17
100.00%
(503,686.85)

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.

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

ACQUISITIONS
Purchase 06/01/2026 31846V203 147,750.00 FIRST AMER:GVT OBLG Y 1.000 3.26% (147,750.00) 0.00 (147,750.00) 0.00
Purchase 06/02/2026 31846V203 3,494.79 FIRST AMER:GVT OBLG Y 1.000 3.25% (3,494.79) 0.00 (3,494.79) 0.00
Purchase 06/05/2026 31846V203 19,090.00 FIRST AMER:GVT OBLG Y 1.000 3.24% (19,090.00) 0.00 (19,090.00) 0.00
Purchase 06/08/2026 31846V203 47,500.00 FIRST AMER:GVT OBLG Y 1.000 3.25% (47,500.00) 0.00 (47,500.00) 0.00
Purchase 06/09/2026 31846V203 32,500.00 FIRST AMER:GVT OBLG Y 1.000 3.26% (32,500.00) 0.00 (32,500.00) 0.00
Purchase 06/15/2026 31846V203 74,937.32 FIRST AMER:GVT OBLG Y 1.000 3.26% (74,937.32) 0.00 (74,937.32) 0.00
Purchase 06/15/2026 31846V203 1,376.67 FIRST AMER:GVT OBLG Y 1.000 3.26% (1,376.67) 0.00 (1,376.67) 0.00
Purchase 06/16/2026 31846V203 302,720.67 FIRST AMER:GVT OBLG Y 1.000 3.28% (302,720.67) 0.00 (302,720.67) 0.00
Purchase 06/18/2026 67066GAR5 560,000.00 NVIDIA CORP 4.5 06/15/2031 99.810 4.54% (558,936.00) 0.00 (558,936.00) 0.00 Purchase 06/22/2026 31846V203 60,037.04 FIRST AMER:GVT OBLG Y 1.000 3.25% (60,037.04) 0.00 (60,037.04) 0.00
Purchase 06/22/2026 31846V203 5,442.94 FIRST AMER:GVT OBLG Y 1.000 3.25% (5,442.94) 0.00 (5,442.94) 0.00
Purchase 06/25/2026 31846V203 66,952.10 FIRST AMER:GVT OBLG Y 1.000 3.26% (66,952.10) 0.00 (66,952.10) 0.00
Purchase 06/25/2026 31846V203 21,543.49 FIRST AMER:GVT OBLG Y 1.000 3.26% (21,543.49) 0.00 (21,543.49) 0.00
Purchase 06/26/2026 67066GAR5 890,000.00 NVIDIA CORP 4.5 06/15/2031 99.907 4.52% (889,172.30) (890.00) (890,062.30) 0.00 Purchase 06/26/2026 89115M3E4 1,250,000.00
Toronto-Dominion Bank
- New York Branch 4.0
03/12/2027

99.769 4.28% (1,247,117.38) (14,722.22) (1,261,839.60) 0.00 Purchase 06/26/2026 31846V203 2,873,079.36 FIRST AMER:GVT OBLG Y 1.000 3.26% (2,873,079.36) 0.00 (2,873,079.36) 0.00
288
CONFIDENTIAL | 12
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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
Purchase 06/30/2026 3137FXYV4 2,000,000.00 FHMS K-126 A2 2.074 01/27/2031 90.656 4.39% (1,813,125.00) (3,341.44) (1,816,466.44) 0.00 Purchase 06/30/2026 3137HAGZ3 1,000,000.00 FHMS K-752 A2 4.284 07/25/2030 99.508 4.38% (995,078.13) (3,451.00) (998,529.13) 0.00 Total Purchase 9,356,424.38 (9,159,853.19) (22,404.66) (9,182,257.85) 0.00 TOTAL
ACQUISITIONS 9,356,424.38 (9,159,853.19) (22,404.66) (9,182,257.85) 0.00

DISPOSITIONS
Sale 06/03/2026 31846V203 (355,000.00) FIRST AMER:GVT OBLG Y 1.000 3.25% 355,000.00 0.00 355,000.00 0.00
Sale 06/16/2026 91282CKG5 (300,000.00)

UNITED STATES
TREASURY 4.125
03/31/2029
100.039 4.53% 300,117.19 (2,603.48) 302,720.67 3,171.81 Sale 06/18/2026 31846V203 (558,936.00) FIRST AMER:GVT OBLG Y 1.000 3.27% 558,936.00 0.00 558,936.00 0.00
Sale 06/18/2026 31846V203 (6,583.55) FIRST AMER:GVT OBLG Y 1.000 3.27% 6,583.55 0.00 6,583.55 0.00
Sale 06/26/2026 91282CKP5 (2,000,000.00)

UNITED STATES
TREASURY 4.625
04/30/2029
101.352 4.13% 2,027,031.25 (14,327.45) 2,041,358.70 1,398.58 Sale 06/26/2026 91282CCZ2 (3,000,000.00)

UNITED STATES
TREASURY 0.875
09/30/2026

99.246 1.01% 2,977,382.81 (6,239.75) 2,983,622.56 (21,594.46) Sale 06/30/2026 31846V203 (2,814,995.57) FIRST AMER:GVT OBLG Y 1.000 3.27% 2,814,995.57 0.00 2,814,995.57 0.00
Total Sale (9,035,515.12) 9,040,046.37 (23,170.68) 9,063,217.05 (17,024.08) TOTAL
DISPOSITIONS (9,035,515.12) 9,040,046.37 (23,170.68) 9,063,217.05 (17,024.08) OTHER

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 06/01/2026 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 06/01/2026 3137F8ZV8 0.00 FHMS K-123 A2 1.621
12/25/2030 3.98% 2,971.83 0.00 2,971.83 0.00
Coupon 06/01/2026 3137HB2L7 0.00 FHMS K-753 A2 4.4
10/25/2030 3.87% 7,333.33 0.00 7,333.33 0.00
Coupon 06/01/2026 3137FNX54 0.00 FHMS K-097 A2 2.508
07/25/2029 3.76% 4,180.00 0.00 4,180.00 0.00
Coupon 06/01/2026 3137FG6X8 0.00 FHMS K-077 A2 3.85
05/25/2028 3.70% 7,058.33 0.00 7,058.33 0.00
Coupon 06/05/2026 64952WFK4 0.00

NEW YORK LIFE
GLOBAL FUNDING 4.6
12/05/2029

4.61% 19,090.00 0.00 19,090.00 0.00
Coupon 06/08/2026 3130AXQK7 0.00

FEDERAL HOME
LOAN BANKS 4.75
12/08/2028

4.05% 47,500.00 0.00 47,500.00 0.00
Coupon 06/09/2026 3130AEB25 0.00

FEDERAL HOME
LOAN BANKS 3.25
06/09/2028

4.15% 32,500.00 0.00 32,500.00 0.00
Coupon 06/15/2026 47786WAD2 0.00 JDOT 2024-B A3 5.2
03/15/2029 5.81% 1,866.06 0.00 1,866.06 0.00
Coupon 06/15/2026 44934QAD3 0.00 HART 2024-B A3 4.84
03/15/2029 5.45% 1,018.93 0.00 1,018.93 0.00
Coupon 06/15/2026 02582JKD1 0.00 AMXCA 2023-3 A 5.23
09/15/2026 5.29% 4,598.04 0.00 4,598.04 0.00
Coupon 06/15/2026 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 4,558.00 0.00 4,558.00 0.00
Coupon 06/15/2026 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 1,762.50 0.00 1,762.50 0.00
Coupon 06/15/2026 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 2,074.71 0.00 2,074.71 0.00
Coupon 06/15/2026 44935CAD3 0.00 HART 2025-A A3 4.32
10/15/2029 4.84% 2,286.00 0.00 2,286.00 0.00
290
CONFIDENTIAL | 14
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 06/15/2026 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 06/15/2026 44935DAD1 0.00 HALST 2025-B A3 4.53
04/17/2028 4.53% 1,245.75 0.00 1,245.75 0.00
Coupon 06/15/2026 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 06/15/2026 89240QAD7 0.00 TAOT 2026-B A3 4.13
12/16/2030 4.27% 1,376.67 0.00 1,376.67 0.00
Coupon 06/15/2026 161571HZ0 0.00 CHAIT 2025-1 A 4.16
07/15/2030 3.70% 3,120.00 0.00 3,120.00 0.00
Coupon 06/15/2026 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 3.39% 299.02 0.00 299.02 0.00
Coupon 06/20/2026 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 06/20/2026 36271VAD9 0.00 GMALT 2025-1 A3 4.66
02/21/2028 4.66% 1,669.83 0.00 1,669.83 0.00
Coupon 06/21/2026 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.74% 711.07 0.00 711.07 0.00
Coupon 06/21/2026 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.09% 13.70 0.00 13.70 0.00
Coupon 06/21/2026 43813YAC6 0.00 HAROT 2024-3 A3 4.57
03/21/2029 4.66% 2,002.34 0.00 2,002.34 0.00
Coupon 06/21/2026 43814VAC1 0.00 HAROT 2025-1 A3 4.57
09/21/2029 4.57% 3,027.62 0.00 3,027.62 0.00
Coupon 06/25/2026 05592XAD2 0.00 BMWOT 2023-A A3

5.47 02/25/2028 5.47% 180.22 0.00 180.22 0.00
Coupon 06/25/2026 096919AD7 0.00 BMWOT 2024-A A3

5.18 02/26/2029 5.18% 1,310.90 0.00 1,310.90 0.00
Coupon 06/25/2026 437076DC3 0.00 HOME DEPOT INC 4.75
06/25/2029 4.82% 29,687.50 0.00 29,687.50 0.00
Coupon 06/25/2026 096924AD7 0.00 BMWOT 2025-A A3

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Custody Fee 06/25/2026 CCYUSD (733.92) Cash 0.00% (733.92) 0.00 (733.92) 0.00 Total Custody Fee (733.92) (733.92) 0.00 (733.92) 0.00
Dividend 06/30/2026 31846V203 0.00 FIRST AMER:GVT OBLG
Y 3.26% 1,764.96 0.00 1,764.96 0.00
Total Dividend 0.00 1,764.96 0.00 1,764.96 0.00
Management Fee 06/18/2026 CCYUSD (6,583.55) Cash 0.00% (6,583.55) 0.00 (6,583.55) 0.00 Total
Management Fee (6,583.55) (6,583.55) 0.00 (6,583.55) 0.00 Principal Paydown 06/15/2026 47786WAD2 19,097.14 JDOT 2024-B A3 5.2 03/15/2029 5.81% 19,097.14 -- 19,097.14 0.00
Principal Paydown 06/15/2026 44934QAD3 17,549.96 HART 2024-B A3 4.84 03/15/2029 5.45% 17,549.96 -- 17,549.96 0.00
Principal Paydown 06/15/2026 47800CAC0 11,423.13 JDOT 2023 A3 5.01 11/15/2027 3.39% 11,423.13 -- 11,423.13 0.00
Principal Paydown 06/21/2026 438123AC5 14,484.46 HAROT 2023-4 A3 5.67 06/21/2028 5.74% 14,484.46 -- 14,484.46 0.00
Principal Paydown 06/21/2026 43815JAC7 3,261.10 HAROT 2023-1 A3 5.04 04/21/2027 5.09% 3,261.10 -- 3,261.10 (0.01)
Principal Paydown 06/21/2026 43813YAC6 36,550.45 HAROT 2024-3 A3 4.57 03/21/2029 4.66% 36,550.45 -- 36,550.45 0.00
Principal Paydown 06/25/2026 05592XAD2 7,038.78 BMWOT 2023-A A3

5.47 02/25/2028 5.47% 7,038.78 -- 7,038.78 (0.00)
Principal Paydown 06/25/2026 096919AD7 24,298.37 BMWOT 2024-A A3

5.18 02/26/2029 5.18% 24,298.37 -- 24,298.37 0.00
Total Principal
Paydown 133,703.39 133,703.39 -- 133,703.39 (0.00)

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
313,862.75
392,953.49
3,656,424.38
(3,735,515.12)
313,862.75

0.00 3,494.79

0.00 0.00

0.00 3,494.79
3,494.79
CCYUSD Payable

0.00 (355,000.00)

0.00 0.00

0.00 0.00
CCYUSD Receivable
1,764.96
151,244.79

0.00 0.00
1,764.96

0.00 0.00

0.00 Total Cash & Equivalents 315,627.71
189,198.28
3,656,424.38
(3,735,515.12)
315,627.71

0.00 3,494.79

0.00 0.00

0.00 3,494.79 3,494.79

FIXED INCOME
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029 03/09/2026
1,000,000.00
998,582.65

0.00 0.00
998,624.66
8,427.78

0.00 11,511.11
3,083.33

42.02 0.00

42.02 3,125.35
3,125.35
02079KBK2 ALPHABET INC 4.1
02/15/2031
02/12/2026
02/17/2026
1,300,000.00
1,300,070.88

0.00 0.00
1,300,069.54
15,990.00

0.00 20,431.67
4,441.67

4.32 (5.66)
(1.34)
4,440.33
4,440.33
025816DY2 AMERICAN EXPRESS CO 5.085
01/30/2031
03/30/2026
03/31/2026
1,000,000.00
1,015,387.51

0.00 0.00
1,015,042.76
17,091.25

0.00 21,328.75
4,237.50

0.00 (344.75)
(344.75)
3,892.75
3,892.75
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2026
09/12/2023
09/19/2023
1,055,000.00
1,054,995.42

0.00 0.00
1,054,996.72
2,452.29
4,598.04
2,452.29
4,598.04

1.30 0.00

0.00 0.00
504,983.52
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
32,497.46
39,533.60

0.00 (7,038.78)
32,495.39

36.04 180.22

29.63 173.80

0.57 0.00

0.57 174.38
174.38
06051GGF0 BANK OF AMERICA CORP

3.824 01/20/2028
06/27/2024
06/28/2024
1,250,000.00
1,239,090.57

0.00 0.00
1,240,495.22
17,393.89

0.00 21,377.22
3,983.33
1,404.65

0.00 1,404.65
5,387.98
5,387.98
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
279,385.24
303,656.78

0.00 (24,298.37)
279,361.30
262.18
1,310.90
241.20
1,289.92

2.89 0.00

2.89 1,292.81
1,292.81
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029
02/04/2025
02/12/2025
680,000.00
679,951.85

0.00 0.00
679,953.04
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
958,663.67

0.00 0.00
958,694.11
18,304.00

0.00 22,144.00
3,840.00

30.44 0.00

30.44 3,870.44
3,870.44
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,060,000.00
1,059,865.39

0.00 0.00
1,059,870.21
2,430.93
4,558.00
2,430.93
4,558.00

4.82 0.00

4.82 4,562.82
4,562.82
161571HZ0 CHAIT 2025-1 A 4.16
07/15/2030
02/26/2026
02/27/2026
900,000.00
908,998.42

0.00 0.00
908,650.09
1,664.00
3,120.00
1,664.00
3,120.00

0.00 (348.33)
(348.33)
2,771.67
2,771.67
171239AL0 CHUBB INA HOLDINGS LLC

4.65 08/15/2029
09/26/2024
09/27/2024
1,250,000.00
1,269,992.29

0.00 0.00
1,269,466.18
17,114.58

0.00 21,958.33
4,843.75

0.00 0.00
1,250,340.77
15,998.26

0.00 21,050.35
5,052.08

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

5.15 09/08/2026
09/05/2023
09/08/2023
505,000.00
504,967.61

0.00 0.00
504,977.43
5,996.17

0.00 8,163.47
2,167.29

9.81 0.00

9.81 2,177.11
2,177.11
24422EYF0 JOHN DEERE CAPITAL CORP

4.375 10/15/2030
03/30/2026
03/31/2026
1,000,000.00
997,516.42

0.00 0.00
997,563.07
5,590.28

0.00 9,236.11
3,645.83

46.65 0.00

46.65 3,692.49
3,692.49
3130AEB25 FEDERAL HOME LOAN BANKS

3.25 06/09/2028
07/24/2023
07/25/2023
2,000,000.00
1,967,294.79

0.00 0.00
1,968,622.47
31,055.56
32,500.00
3,972.22
5,416.67
1,327.68

0.00 1,327.68
6,744.35
6,744.35
3130ANDF4 FEDERAL HOME LOAN BANKS

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

0.00 0.00
5,000,000.00
15,250.00

0.00 19,000.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028
01/29/2024
01/30/2024
2,000,000.00
2,031,492.59

0.00 0.00
2,030,466.78
45,652.78
47,500.00
6,069.44
7,916.67

0.00 (1,025.82)
(1,025.82)
6,890.85
6,890.85
3133EPDJ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
03/27/2023
03/28/2023
2,000,000.00
2,013,194.93

0.00 0.00
2,012,354.49
18,472.22

0.00 25,763.89
7,291.67

0.00 (840.44)
(840.44)
6,451.23
6,451.23
3133ERDH1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
04/30/2029
04/29/2024
04/30/2024
2,100,000.00
2,102,484.03

0.00 0.00
2,102,413.99
8,589.58

0.00 16,902.08
8,312.50

0.00 (70.04)
(70.04)
8,242.46
8,242.46
3137F8ZV8 FHMS K-123 A2 1.621
12/25/2030
02/11/2026
02/17/2026
2,200,000.00
1,989,937.09

0.00 0.00
1,993,770.36
2,971.83
2,971.83
2,971.83
2,971.83
3,833.26

0.00 0.00
2,202,291.67
7,058.33
7,058.33
7,058.33
7,058.33

0.00 (102.61)
(102.61)
6,955.72
6,955.72
3137FNX54 FHMS K-097 A2 2.508
07/25/2029
02/18/2026
02/23/2026
2,000,000.00
1,925,542.79

0.00 0.00
1,927,526.55
4,180.00
4,180.00
4,180.00
4,180.00
1,983.76

0.00 1,983.76
6,163.76
6,163.76
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030
06/12/2025
06/17/2025
1,500,000.00
1,394,047.38

0.00 0.00
1,396,473.78
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
3137FXYV4 FHMS K-126 A2 2.074
01/27/2031
06/25/2026
06/30/2026
2,000,000.00

0.00 1,813,125.00

0.00 1,813,236.77

0.00 (3,341.44)
3,456.67
115.23
111.77

0.00 111.77
226.99
226.99
3137HAGZ3 FHMS K-752 A2 4.284
07/25/2030
06/25/2026
06/30/2026
1,000,000.00

0.00 995,078.13

0.00 995,081.50

0.00 (3,451.00)
3,570.00
119.00

3.37 0.00

3.37 122.37
122.37
3137HB2L7 FHMS K-753 A2 4.4
10/25/2030
02/18/2026
02/23/2026
2,000,000.00
2,038,035.91

0.00 0.00
2,037,315.08
7,333.33
7,333.33
7,333.33
7,333.33

0.00 (720.83)
(720.83)
6,612.50
6,612.50
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028
02/05/2025
02/12/2025
430,000.00
429,971.05

0.00 0.00
429,972.42
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
985,283.90

0.00 0.00
985,261.53
1,378.45
3,759.41
1,378.45
3,759.41

0.22 (22.60)
(22.37)
3,737.04
3,737.04
38151LAJ9 GOLDMAN SACHS BANK USA

4.656 06/03/2029
05/27/2026
06/03/2026
355,000.00
355,000.00

0.00 0.00
355,000.00

0.00 0.00
1,285.57
1,285.57

0.00 0.00

0.00 0.00
1,281,447.56
9,809.04

0.00 14,336.29
4,527.25
470.48

0.00 470.48
4,997.73
4,997.73
437076DC3 HOME DEPOT INC 4.75
06/25/2029
06/27/2024
06/28/2024
1,250,000.00
1,247,534.83

0.00 0.00
1,247,600.86
25,729.17
29,687.50
989.58
4,947.92

66.03 0.00

66.03 5,013.95
5,013.95
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028
11/01/2023
11/08/2023
136,006.62
150,479.28

0.00 (14,484.46)
135,996.38
237.02
711.07
214.21
688.26

1.56 0.00

1.56 689.82
689.82
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029
08/09/2024
08/21/2024
489,227.01
525,726.90

0.00 (36,550.45)
489,181.35
667.45
2,002.34
621.05
1,955.94

4.89 0.00

4.89 1,960.83
1,960.83
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029
02/04/2025
02/11/2025
795,000.00
794,982.42

0.00 0.00
794,982.86
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

0.00 3,260.99

0.00 (3,261.11)

0.00 4.57

13.70 0.00

9.13 0.13

0.00 0.13

9.26 9.26
44934QAD3 HART 2024-B A3 4.84
03/15/2029
07/16/2024
07/24/2024
235,078.32
252,605.38

0.00 (17,549.96)
235,057.64
543.43
1,018.93
505.68
981.18

2.22 0.00

2.22 983.40
983.40
44935CAD3 HART 2025-A A3 4.32
10/15/2029
03/04/2025
03/12/2025
635,000.00
634,931.23

0.00 0.00
634,932.91
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
329,981.12

0.00 0.00
329,981.95
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
1,973,761.37

0.00 0.00
1,974,781.00
27,027.78

0.00 32,861.11
5,833.33
1,019.64

0.00 1,019.64
6,852.97
6,852.97
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
635,000.00
633,276.82

0.00 0.00
633,314.06
5,165.99

0.00 7,348.80
2,182.81

37.24 0.00

37.24 2,220.06
2,220.06
46647PEV4 JPMORGAN CHASE & CO 5.14
01/24/2031
02/11/2026
02/12/2026
1,300,000.00
1,339,993.70

0.00 0.00
1,339,093.61
23,572.61

0.00 29,140.94
5,568.33

0.00 (900.08)
(900.08)
4,668.25
4,668.25
47786WAD2 JDOT 2024-B A3 5.2
03/15/2029
06/11/2024
06/18/2024
411,532.05
430,579.68

0.00 (19,097.14)
411,486.13
995.23
1,866.06
951.10
1,821.92

3.59 0.00

3.59 1,825.51
1,825.51
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
60,198.38
71,617.47

0.00 (11,423.13)
60,195.17
159.48
299.02
134.04
273.58

0.84 0.00

0.84 274.42
274.42
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
500,000.00
499,977.06

0.00 0.00
499,977.64
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
704,010.72

0.00 0.00
704,036.09
8,800.75

0.00 11,268.25
2,467.50

25.37 0.00

25.37 2,492.87
2,492.87
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,200,000.00
1,201,876.33

0.00 0.00
1,201,833.65
23,265.00

0.00 28,215.00
4,950.00

7.89 (50.56)
(42.68)
4,907.32
4,907.32
57636QAP9 MASTERCARD INC 3.35
03/26/2030
03/30/2026
03/31/2026
1,200,000.00
1,161,213.10

0.00 0.00
1,162,047.82
7,258.33

0.00 10,608.33
3,350.00
834.73

0.00 0.00
529,953.79
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
1,256,223.15

0.00 0.00
1,255,951.00
1,968.75

0.00 6,187.50
4,218.75

0.00 (272.15)
(272.15)
3,946.60
3,946.60
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030
01/02/2025
01/09/2025
820,000.00
818,780.74

0.00 0.00
818,808.49
15,848.78

0.00 19,197.11
3,348.33

27.75 0.00

27.75 3,376.09
3,376.09
61747YFU4 MORGAN STANLEY 4.654
10/18/2030
02/13/2026
02/17/2026
2,200,000.00
2,233,480.58

0.00 0.00
2,232,667.29
12,229.68

0.00 20,762.01
8,532.33

0.00 (813.29)
(813.29)
7,719.04
7,719.04
62479MH30 MUFG Bank, Ltd., New York
Branch 08/03/2026
02/13/2026
02/17/2026
2,200,000.00
2,185,870.50

0.00 0.00
2,192,598.83

0.00 0.00

0.00 0.00
6,728.33

0.00 6,728.33
6,728.33
6,728.33
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029
12/02/2024
12/05/2024
830,000.00
829,667.59

0.00 0.00
829,675.36
18,665.78
19,090.00
2,757.44
3,181.67

7.77 0.00

7.77 3,189.44
3,189.44
67066GAR5 NVIDIA CORP 4.5 06/15/2031
1,450,000.00

0.00 1,448,108.30

0.00 1,448,118.17

0.00 (890.00)
2,356.25
1,466.25

9.87 0.00

9.87 1,476.12
1,476.12
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
03/27/2024
03/28/2024
1,200,000.00
1,197,071.69

0.00 0.00
1,197,161.80
18,553.33

0.00 23,153.33
4,600.00

90.10 0.00

90.10 4,690.10
4,690.10
713448FL7 PEPSICO INC 3.6 02/18/2028
03/27/2024
03/28/2024
1,500,000.00
1,479,159.53

0.00 0.00
1,480,156.68
15,450.00

0.00 19,950.00
4,500.00
997.15

0.00 0.00
379,987.64
1,136.04

0.00 2,758.96
1,622.92

2.81 0.00

2.81 1,625.73
1,625.73
828807EB9 SIMON PROPERTY GROUP LP

4.3 01/15/2031
02/18/2026
02/19/2026
1,400,000.00
1,403,692.82

0.00 0.00
1,403,626.00
23,076.67

0.00 28,093.33
5,016.67

0.00 (66.82)
(66.82)
4,949.85
4,949.85
857477CU5 STATE STREET CORP 4.536
02/28/2028
02/25/2025
02/28/2025
1,285,000.00
1,285,000.00

0.00 0.00
1,285,000.00
15,057.63

0.00 19,914.93
4,857.30

0.00 0.00

0.00 4,857.30
4,857.30
89115M3E4
Toronto-Dominion Bank
- New York Branch 4.0
03/12/2027
06/25/2026
06/26/2026
1,250,000.00

0.00 1,247,117.38

0.00 1,247,173.03

0.00 (14,722.22)
15,416.67
694.45

55.65 0.00

55.65 750.10
750.10
89240QAD7 TAOT 2026-B A3 4.13
12/16/2030
04/14/2026
04/21/2026
400,000.00
399,917.67

0.00 0.00
399,919.16
734.22
1,376.67
734.22
1,376.67

1.49 0.00

1.49 1,378.16
1,378.16
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
09/30/2021
09/30/2021

0.00 2,998,710.94

0.00 (2,998,977.27)

0.00 4,446.72
6,239.75

0.00 1,793.03
266.34

0.00 266.34
2,059.36
2,059.36
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
10/30/2024
10/31/2024
2,000,000.00
1,942,940.78

0.00 0.00
1,944,382.88
15,794.84

0.00 20,889.95
5,095.11
1,442.10

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

3.875 09/30/2029
10/30/2024
10/31/2024
2,200,000.00
2,184,967.60

0.00 0.00
2,185,338.16
14,441.26

0.00 21,428.96
6,987.70
370.56

0.00 370.56
7,358.27
7,358.27
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029
04/29/2025
04/30/2025
2,500,000.00
2,517,855.25

0.00 0.00
2,517,426.03
8,695.65

0.00 16,847.83
8,152.17

0.00 0.00
2,697,904.42
27,293.48

0.00 36,097.83
8,804.35

46.99 0.00

46.99 8,851.33
8,851.33
91282CGS4 UNITED STATES TREASURY

3.625 03/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,484,938.21

0.00 0.00
2,485,261.19
15,351.78

0.00 22,780.05
7,428.28
322.98

0.00 322.98
7,751.26
7,751.26
91282CHF1 UNITED STATES TREASURY

3.75 05/31/2030 2,600,000.00
2,591,061.21

0.00 0.00
2,591,244.88
266.39
48,750.00
8,258.20
56,741.80
195.07
(11.40)
183.67
56,925.48
56,925.48
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
05/28/2024
05/29/2024
1,900,000.00
2,177,269.70

0.00 (296,945.38)
1,880,938.84
15,372.95
2,603.48
19,700.82
6,931.35
614.52

0.00 614.52
7,545.87
7,545.87
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029 0.00
2,026,249.44

0.00 (2,025,632.67)

0.00 8,043.48
14,327.45

0.00 6,283.97

0.00 (616.76)
(616.76)
5,667.21
5,667.21
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/13/2024
06/14/2024
2,200,000.00
2,214,852.68

0.00 0.00
2,214,445.76
270.49
49,500.00
8,385.25
57,614.75

0.00 (406.92)
(406.92)
57,207.83
57,207.83
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,500,000.00
2,527,092.61

0.00 0.00
2,526,389.51
33,425.41

0.00 41,712.71
8,287.29

0.00 (703.10)
(703.10)
7,584.20
7,584.20
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/27/2024
12/30/2024
2,400,000.00
2,375,850.71

0.00 0.00
2,376,417.59
270.49
49,500.00
8,385.25
57,614.75
566.88

0.00 566.88
58,181.64
58,181.64
91282CMG3 UNITED STATES TREASURY

4.25 01/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,538,948.93

0.00 0.00
2,538,076.94
35,514.50

0.00 44,319.75
8,805.25

3.875 04/30/2030
05/29/2025
05/30/2025
2,700,000.00
2,685,314.53

0.00 0.00
2,685,622.84
9,097.83

0.00 17,627.04
8,529.21
308.30

0.00 308.30
8,837.51
8,837.51
91282CNN7 UNITED STATES TREASURY

3.875 07/31/2030 2,500,000.00
2,518,378.59

0.00 0.00
2,518,016.09
32,380.87

0.00 40,409.19
8,028.32

22.58 (385.08)
(362.50)
7,665.82
7,665.82
91282CNX5 UNITED STATES TREASURY

3.625 08/31/2030
09/29/2025
09/29/2025
2,400,000.00
2,389,312.19

0.00 0.00
2,389,518.78
21,986.41

0.00 29,078.80
7,092.39
206.59

0.00 206.59
7,298.99
7,298.99
91282CQK0 UNITED STATES TREASURY

3.875 04/30/2031
05/28/2026
05/29/2026
1,525,000.00
1,504,066.26

0.00 0.00
1,504,416.32
5,138.59

0.00 9,956.01
4,817.43
350.06

0.00 350.06
5,167.49
5,167.49
91324PEU2 UNITEDHEALTH GROUP INC

4.25 01/15/2029
05/28/2024
05/29/2024
1,000,000.00
981,398.12

0.00 0.00
981,980.04
16,055.56

0.00 19,597.22
3,541.67
581.91

0.00 581.91
4,123.58
4,123.58
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
560,000.00
559,943.57

0.00 0.00
559,944.95
1,067.73
2,002.00
1,067.73
2,002.00

1.37 0.00

1.37 2,003.37
2,003.37
96130AK31
Westpac Banking Corporation
- New York Branch 4.0
04/16/2027
05/28/2026
05/28/2026
1,650,000.00
1,649,761.63

0.00 0.00
1,649,784.05
7,700.00

0.00 13,200.00
5,500.00

22.42 0.00

22.42 5,522.42
5,522.42
Total Fixed Income 110,008,925.08
109,323,643.88
5,503,428.81
(5,455,258.72)
109,389,224.59
809,005.46
344,926.11
954,920.17
490,840.82
26,956.05
(9,545.43)
17,410.62
508,251.44 508,251.44
TOTAL PORTFOLIO 110,324,552.79
109,512,842.16
9,159,853.19
(9,190,773.84)
109,704,852.30
809,005.46
348,420.90
954,920.17
494,335.61
26,956.05
(9,545.43)
17,410.62
511,746.23 511,746.23
302
CONFIDENTIAL | 26
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JULY 2026
07/01/2026 Dividend 31846V203 0.00 FIRST AMER:GVT OBLG Y 1,764.96 1,764.96 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
07/15/2026 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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 07/15/2026 Coupon 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 970.52 970.52 07/15/2026 Principal Paydown 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 14,839.41 14,839.41 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 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 1,785.70 1,785.70 07/15/2026 Principal Paydown 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 21,783.25 21,783.25 07/15/2026 Coupon 47800CAC0 60,198.38 JDOT 2023 A3 5.01 11/15/2027 249.08 249.08 07/15/2026 Principal Paydown 47800CAC0 60,198.38 JDOT 2023 A3 5.01 11/15/2027 12,983.16 12,983.16 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 828807EB9 1,400,000.00 SIMON PROPERTY GROUP LP 4.3 01/15/2031 30,434.44 30,434.44 07/15/2026 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 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 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 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 642.63 642.63 303
CONFIDENTIAL | 27
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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 Principal Paydown 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 11,745.52 11,745.52 07/21/2026 Coupon 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 2,046.43 2,046.43 07/21/2026 Principal Paydown 43813YAC6 489,227.01 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 07/24/2026 Coupon 46647PEV4 1,300,000.00 JPMORGAN CHASE & CO 5.14 01/24/2031 33,410.00 33,410.00 07/27/2026 Coupon 05592XAD2 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 181.10 181.10 07/27/2026 Principal Paydown 05592XAD2 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 6,078.71 6,078.71 07/27/2026 Coupon 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 1,334.16 1,334.16 07/27/2026 Principal Paydown 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 21,093.61 21,093.61 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 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 07/27/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 07/27/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 07/27/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 07/27/2026 Coupon 3137FXYV4 2,000,000.00 FHMS K-126 A2 2.074 01/27/2031 3,456.67 3,456.67 07/27/2026 Coupon 3137HAGZ3 1,000,000.00 FHMS K-752 A2 4.284 07/25/2030 3,570.00 3,570.00 07/27/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 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 07/30/2026 Coupon 025816DY2 1,000,000.00 AMERICAN EXPRESS CO 5.085 01/30/2031 25,425.00 25,425.00 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 2,500,000.00 UNITED STATES TREASURY 4.0 07/31/2029 50,000.00 50,000.00 07/31/2026 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 07/31/2026 Coupon 91282CNN7 2,500,000.00 UNITED STATES TREASURY 3.875 07/31/2030 48,437.50 48,437.50 July 2026 Total 5,126,348.19 518,378.61 5,644,726.80
AUGUST 2026
08/03/2026 Final Maturity 62479MH30 2,200,000.00 MUFG Bank, Ltd., New York Branch 08/03/2026 2,200,000.00 2,200,000.00 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 02079KBK2 1,300,000.00 ALPHABET INC 4.1 02/15/2031 26,946.11 26,946.11 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 4,558.00 304
CONFIDENTIAL | 28
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 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 235,078.32 HART 2024-B A3 4.84 03/15/2029 910.66 910.66 08/17/2026 Principal Paydown 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 14,428.37 14,428.37 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 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 1,691.30 1,691.30 08/17/2026 Principal Paydown 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 22,853.29 22,853.29 08/17/2026 Coupon 47800CAC0 60,198.38 JDOT 2023 A3 5.01 11/15/2027 194.88 194.88 08/17/2026 Principal Paydown 47800CAC0 60,198.38 JDOT 2023 A3 5.01 11/15/2027 12,053.56 12,053.56 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 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 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 1,669.83 1,669.83 08/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 50,982.80 50,982.80 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 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 587.13 587.13 08/21/2026 Principal Paydown 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 11,456.73 11,456.73 08/21/2026 Coupon 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 1,909.10 1,909.10 08/21/2026 Principal Paydown 43813YAC6 489,227.01 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 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 153.39 153.39 08/25/2026 Principal Paydown 05592XAD2 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 5,932.13 5,932.13 08/25/2026 Coupon 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 1,243.11 1,243.11 08/25/2026 Principal Paydown 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 20,547.40 20,547.40 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 33,787.32 33,787.32 08/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 08/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 08/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 305
CONFIDENTIAL | 29
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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 08/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 08/25/2026 Coupon 3137FXYV4 2,000,000.00 FHMS K-126 A2 2.074 01/27/2031 3,456.67 3,456.67 08/25/2026 Coupon 3137HAGZ3 1,000,000.00 FHMS K-752 A2 4.284 07/25/2030 3,570.00 3,570.00 08/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 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 91282CNX5 2,400,000.00 UNITED STATES TREASURY 3.625 08/31/2030 43,500.00 43,500.00 August 2026 Total 2,407,056.50 359,966.54 2,767,023.04
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 09/09/2026 Coupon 002824BR0 1,000,000.00 ABBOTT LABORATORIES 3.7 03/09/2029 18,500.00 18,500.00 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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 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 235,078.32 HART 2024-B A3 4.84 03/15/2029 852.47 852.47 09/15/2026 Principal Paydown 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 14,186.00 14,186.00 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 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 1,592.27 1,592.27 09/15/2026 Principal Paydown 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 25,262.14 25,262.14 09/15/2026 Coupon 47800CAC0 60,198.38 JDOT 2023 A3 5.01 11/15/2027 144.56 144.56 09/15/2026 Principal Paydown 47800CAC0 60,198.38 JDOT 2023 A3 5.01 11/15/2027 11,749.13 11,749.13 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 2,036.08 306
CONFIDENTIAL | 30
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 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 1,471.85 1,471.85 09/21/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 56,743.48 56,743.48 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 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 533.00 533.00 09/21/2026 Principal Paydown 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 11,221.58 11,221.58 09/21/2026 Coupon 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 1,775.76 1,775.76 09/21/2026 Principal Paydown 43813YAC6 489,227.01 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 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 126.35 126.35 09/25/2026 Principal Paydown 05592XAD2 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 5,823.62 5,823.62 09/25/2026 Coupon 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 1,154.41 1,154.41 09/25/2026 Principal Paydown 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 20,179.14 20,179.14 09/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,455.61 2,455.61 09/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 38,759.47 38,759.47 09/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 09/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 09/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 09/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 09/25/2026 Coupon 3137FXYV4 2,000,000.00 FHMS K-126 A2 2.074 01/27/2031 3,456.67 3,456.67 09/25/2026 Coupon 3137HAGZ3 1,000,000.00 FHMS K-752 A2 4.284 07/25/2030 3,570.00 3,570.00 09/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 09/28/2026 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
09/28/2026 Coupon 57636QAP9 1,200,000.00 MASTERCARD INC 3.35 03/26/2030 20,100.00 20,100.00 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 1,900,000.00 UNITED STATES TREASURY 4.125 03/31/2029 39,187.50 39,187.50 307
CONFIDENTIAL | 31
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount September 2026
Total 2,853,890.74 335,848.61 3,189,739.35
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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 10/15/2026 Coupon 24422EYF0 1,000,000.00 JOHN DEERE CAPITAL CORP 4.375 10/15/2030 21,875.00 21,875.00 10/15/2026 Coupon 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 795.25 795.25 10/15/2026 Principal Paydown 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 13,652.22 13,652.22 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 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 1,482.80 1,482.80 10/15/2026 Principal Paydown 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 23,966.59 23,966.59 10/15/2026 Coupon 47800CAC0 60,198.38 JDOT 2023 A3 5.01 11/15/2027 95.50 95.50 10/15/2026 Principal Paydown 47800CAC0 60,198.38 JDOT 2023 A3 5.01 11/15/2027 14,326.05 14,326.05 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 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 10/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 10/19/2026 Coupon 61747YFU4 2,200,000.00 MORGAN STANLEY 4.654 10/18/2030 51,194.00 51,194.00 10/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,251.50 1,251.50 10/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 63,890.03 63,890.03 10/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 10/20/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 90,515.74 90,515.74 10/21/2026 Coupon 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 479.98 479.98 10/21/2026 Principal Paydown 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 10,813.54 10,813.54 10/21/2026 Coupon 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 1,645.25 1,645.25 10/21/2026 Principal Paydown 43813YAC6 489,227.01 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 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 99.81 99.81 308
CONFIDENTIAL | 32
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 5,112.32 5,112.32 10/26/2026 Coupon 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 1,067.31 1,067.31 10/26/2026 Principal Paydown 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 18,471.98 18,471.98 10/26/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,308.32 2,308.32 10/26/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 37,302.65 37,302.65 10/26/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 10/26/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 10/26/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 10/26/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 10/26/2026 Coupon 3137FXYV4 2,000,000.00 FHMS K-126 A2 2.074 01/27/2031 3,456.67 3,456.67 10/26/2026 Coupon 3137HAGZ3 1,000,000.00 FHMS K-752 A2 4.284 07/25/2030 3,570.00 3,570.00 10/26/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 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 736,477.86 194,071.69 930,549.55
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 91282CMZ1 2,700,000.00 UNITED STATES TREASURY 3.875 04/30/2030 52,312.50 52,312.50 11/02/2026 Coupon 91282CQK0 1,525,000.00 UNITED STATES TREASURY 3.875 04/30/2031 29,546.88 29,546.88 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 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 11/16/2026 Coupon 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 740.19 740.19 11/16/2026 Principal Paydown 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 13,389.89 13,389.89 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 19,889.52 19,889.52 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 11,186.18 11,186.18 11/16/2026 Coupon 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 1,378.95 1,378.95 11/16/2026 Principal Paydown 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 28,411.11 28,411.11 11/16/2026 Coupon 47800CAC0 60,198.38 JDOT 2023 A3 5.01 11/15/2027 35.69 35.69 11/16/2026 Effective Maturity 47800CAC0 60,198.38 JDOT 2023 A3 5.01 11/15/2027 8,548.97 8,548.97 11/16/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 309
CONFIDENTIAL | 33
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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 11/16/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 11/16/2026 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 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 1,003.39 1,003.39 11/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 57,785.42 57,785.42 11/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,413.95 3,413.95 11/20/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 107,601.38 107,601.38 11/23/2026 Coupon 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 428.88 428.88 11/23/2026 Principal Paydown 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 10,552.24 10,552.24 11/23/2026 Coupon 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 1,519.69 1,519.69 11/23/2026 Principal Paydown 43813YAC6 489,227.01 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 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 76.50 76.50 11/25/2026 Principal Paydown 05592XAD2 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 4,881.78 4,881.78 11/25/2026 Coupon 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 987.57 987.57 11/25/2026 Principal Paydown 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 18,115.48 18,115.48 11/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,166.57 2,166.57 11/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 36,237.18 36,237.18 11/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 11/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 11/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 11/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 11/25/2026 Coupon 3137FXYV4 2,000,000.00 FHMS K-126 A2 2.074 01/27/2031 3,456.67 3,456.67 11/25/2026 Coupon 3137HAGZ3 1,000,000.00 FHMS K-752 A2 4.284 07/25/2030 3,570.00 3,570.00 11/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 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 393,150.93 366,528.11 759,679.05
310
CONFIDENTIAL | 34
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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 2026
12/03/2026 Coupon 38151LAJ9 355,000.00 GOLDMAN SACHS BANK USA 4.656 06/03/2029 8,264.40 8,264.40 12/07/2026 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
12/08/2026 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 12/09/2026 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 12/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 12/15/2026 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 12/15/2026 Coupon 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 686.18 686.18 12/15/2026 Principal Paydown 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 12,715.58 12,715.58 12/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,214.40 2,214.40 12/15/2026 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 35,720.82 35,720.82 12/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,203.52 1,203.52 12/15/2026 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 44,642.91 44,642.91 12/15/2026 Coupon 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 1,255.83 1,255.83 12/15/2026 Principal Paydown 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 18,782.27 18,782.27 12/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 12/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 12/15/2026 Coupon 67066GAR5 1,450,000.00 NVIDIA CORP 4.5 06/15/2031 32,081.25 32,081.25 12/15/2026 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 12/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 12/21/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 778.99 778.99 12/21/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 48,115.19 48,115.19 12/21/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,003.27 3,003.27 12/21/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 136,668.29 136,668.29 12/21/2026 Coupon 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 379.03 379.03 12/21/2026 Principal Paydown 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 10,092.82 10,092.82 12/21/2026 Coupon 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 1,397.17 1,397.17 12/21/2026 Principal Paydown 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 30,680.06 30,680.06 12/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,625.71 2,625.71 12/21/2026 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 42,069.04 42,069.04 12/25/2026 Coupon 05592XAD2 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 54.25 54.25 311
CONFIDENTIAL | 35
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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 12/25/2026 Principal Paydown 05592XAD2 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 4,700.18 4,700.18 12/25/2026 Coupon 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 909.37 909.37 12/25/2026 Principal Paydown 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 17,288.17 17,288.17 12/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,028.87 2,028.87 12/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 31,446.06 31,446.06 12/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 12/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 12/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 12/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 12/25/2026 Coupon 3137FXYV4 2,000,000.00 FHMS K-126 A2 2.074 01/27/2031 3,456.67 3,456.67 12/25/2026 Coupon 3137HAGZ3 1,000,000.00 FHMS K-752 A2 4.284 07/25/2030 3,570.00 3,570.00 12/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 12/28/2026 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 December 2026
Total 432,921.39 229,188.12 662,109.51
JANUARY 2027
01/08/2027 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
01/11/2027 Coupon 57629TBV8 1,200,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 29,700.00 29,700.00
01/11/2027 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
01/12/2027 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
01/15/2027 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 01/15/2027 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 01/15/2027 Coupon 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 634.90 634.90 01/15/2027 Principal Paydown 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 12,504.92 12,504.92 01/15/2027 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,085.80 2,085.80 01/15/2027 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 34,985.67 34,985.67 01/15/2027 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,035.00 1,035.00 01/15/2027 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 39,128.60 39,128.60 01/15/2027 Coupon 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 1,174.44 1,174.44 312
CONFIDENTIAL | 36
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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 01/15/2027 Principal Paydown 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 26,911.78 26,911.78 01/15/2027 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 01/15/2027 Principal Paydown 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 4,824.07 4,824.07 01/15/2027 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 01/15/2027 Coupon 828807EB9 1,400,000.00 SIMON PROPERTY GROUP LP 4.3 01/15/2031 30,100.00 30,100.00 01/15/2027 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 01/15/2027 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 01/15/2027 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 01/20/2027 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 01/20/2027 Effective Maturity 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 1,250,000.00 1,250,000.00 01/20/2027 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 592.14 592.14 01/20/2027 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 43,848.98 43,848.98 01/20/2027 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,481.65 2,481.65 01/20/2027 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 140,025.37 140,025.37 01/21/2027 Coupon 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 331.34 331.34 01/21/2027 Principal Paydown 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 9,883.18 9,883.18 01/21/2027 Coupon 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 1,280.33 1,280.33 01/21/2027 Principal Paydown 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 30,037.78 30,037.78 01/21/2027 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,465.50 2,465.50 01/21/2027 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 41,224.95 41,224.95 01/25/2027 Coupon 05592XAD2 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 32.83 32.83 01/25/2027 Principal Paydown 05592XAD2 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 4,626.89 4,626.89 01/25/2027 Coupon 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 834.74 834.74 01/25/2027 Principal Paydown 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 17,001.63 17,001.63 01/25/2027 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 1,909.38 1,909.38 01/25/2027 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 30,924.45 30,924.45 01/25/2027 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 01/25/2027 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 01/25/2027 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 01/25/2027 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 01/25/2027 Coupon 3137FXYV4 2,000,000.00 FHMS K-126 A2 2.074 01/27/2031 3,456.67 3,456.67 01/25/2027 Coupon 3137HAGZ3 1,000,000.00 FHMS K-752 A2 4.284 07/25/2030 3,570.00 3,570.00 313
CONFIDENTIAL | 37
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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 01/25/2027 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 01/25/2027 Coupon 46647PEV4 1,300,000.00 JPMORGAN CHASE & CO 5.14 01/24/2031 33,410.00 33,410.00 January 2027 Total 1,685,928.28 274,876.42 1,960,804.70 FEBRUARY 2027
02/01/2027 Coupon 025816DY2 1,000,000.00 AMERICAN EXPRESS CO 5.085 01/30/2031 25,425.00 25,425.00 02/01/2027 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 02/01/2027 Coupon 91282CLC3 2,500,000.00 UNITED STATES TREASURY 4.0 07/31/2029 50,000.00 50,000.00 02/01/2027 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 02/01/2027 Coupon 91282CNN7 2,500,000.00 UNITED STATES TREASURY 3.875 07/31/2030 48,437.50 48,437.50 02/15/2027 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 02/15/2027 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 02/15/2027 Coupon 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 584.46 584.46 02/15/2027 Principal Paydown 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 11,866.27 11,866.27 02/15/2027 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 1,959.85 1,959.85 02/15/2027 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 34,649.65 34,649.65 02/15/2027 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 887.28 887.28 02/15/2027 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 42,316.82 42,316.82 02/15/2027 Coupon 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 1,057.82 1,057.82 02/15/2027 Principal Paydown 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 24,387.98 24,387.98 02/15/2027 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,745.50 1,745.50 02/15/2027 Principal Paydown 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 34,245.07 34,245.07 02/15/2027 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 02/15/2027 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 02/16/2027 Coupon 02079KBK2 1,300,000.00 ALPHABET INC 4.1 02/15/2031 26,650.00 26,650.00 02/16/2027 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 02/16/2027 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 02/16/2027 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 02/18/2027 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 02/22/2027 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 421.86 421.86 02/22/2027 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 42,856.71 42,856.71 02/22/2027 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,947.22 1,947.22 02/22/2027 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 113,334.11 113,334.11 314
CONFIDENTIAL | 38
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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 02/22/2027 Coupon 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 284.64 284.64 02/22/2027 Principal Paydown 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 9,713.36 9,713.36 02/22/2027 Coupon 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 1,165.94 1,165.94 02/22/2027 Principal Paydown 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 29,520.74 29,520.74 02/22/2027 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,308.50 2,308.50 02/22/2027 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 40,606.86 40,606.86 02/25/2027 Coupon 05592XAD2 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 11.73 11.73 02/25/2027 Effective Maturity 05592XAD2 32,497.46 BMWOT 2023-A A3 5.47 02/25/2028 2,574.36 2,574.36 02/25/2027 Coupon 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 761.35 761.35 02/25/2027 Principal Paydown 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 16,802.64 16,802.64 02/25/2027 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 1,791.86 1,791.86 02/25/2027 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 30,613.33 30,613.33 02/25/2027 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 02/25/2027 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 02/25/2027 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 02/25/2027 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 02/25/2027 Coupon 3137FXYV4 2,000,000.00 FHMS K-126 A2 2.074 01/27/2031 3,456.67 3,456.67 02/25/2027 Coupon 3137HAGZ3 1,000,000.00 FHMS K-752 A2 4.284 07/25/2030 3,570.00 3,570.00 02/25/2027 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 02/26/2027 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 February 2027
Total 433,487.89 389,111.41 822,599.30
MARCH 2027
03/01/2027 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 03/01/2027 Coupon 91282CFJ5 2,000,000.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 03/01/2027 Coupon 91282CGQ8 2,700,000.00 UNITED STATES TREASURY 4.0 02/28/2030 54,000.00 54,000.00 03/01/2027 Coupon 91282CNX5 2,400,000.00 UNITED STATES TREASURY 3.625 08/31/2030 43,500.00 43,500.00 03/09/2027 Coupon 002824BR0 1,000,000.00 ABBOTT LABORATORIES 3.7 03/09/2029 18,500.00 18,500.00 03/12/2027 Coupon 89115M3E4 1,250,000.00 Toronto-Dominion Bank - New York Branch 4.0 03/12/2027 50,694.44 50,694.44
03/12/2027 Final Maturity 89115M3E4 1,250,000.00 Toronto-Dominion Bank - New York Branch 4.0 03/12/2027 1,250,000.00 1,250,000.00
315
CONFIDENTIAL | 39
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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 03/15/2027 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 03/15/2027 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 03/15/2027 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
03/15/2027 Coupon 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 536.60 536.60 03/15/2027 Principal Paydown 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 11,264.15 11,264.15 03/15/2027 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 1,835.12 1,835.12 03/15/2027 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 33,641.78 33,641.78 03/15/2027 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 727.54 727.54 03/15/2027 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 39,852.17 39,852.17 03/15/2027 Coupon 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 952.14 952.14 03/15/2027 Principal Paydown 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 24,047.88 24,047.88 03/15/2027 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,624.78 1,624.78 03/15/2027 Principal Paydown 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 24,926.77 24,926.77 03/15/2027 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 03/15/2027 Principal Paydown 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 25,442.70 25,442.70 03/15/2027 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 03/15/2027 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 03/22/2027 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 255.44 255.44 03/22/2027 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 47,917.51 47,917.51 03/22/2027 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,514.66 1,514.66 03/22/2027 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 100,715.34 100,715.34 03/22/2027 Coupon 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 238.74 238.74 03/22/2027 Principal Paydown 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 9,447.20 9,447.20 03/22/2027 Coupon 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 1,053.51 1,053.51 03/22/2027 Principal Paydown 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 28,667.15 28,667.15 03/22/2027 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,153.86 2,153.86 03/22/2027 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 39,368.09 39,368.09 03/22/2027 Coupon 459058LR2 635,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 13,096.88 13,096.88
03/25/2027 Coupon 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 688.82 688.82 03/25/2027 Principal Paydown 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 14,837.90 14,837.90 316
CONFIDENTIAL | 40
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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 03/25/2027 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 1,675.53 1,675.53 03/25/2027 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 29,730.09 29,730.09 03/25/2027 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 03/25/2027 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 03/25/2027 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 03/25/2027 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 03/25/2027 Coupon 3137FXYV4 2,000,000.00 FHMS K-126 A2 2.074 01/27/2031 3,456.67 3,456.67 03/25/2027 Coupon 3137HAGZ3 1,000,000.00 FHMS K-752 A2 4.284 07/25/2030 3,570.00 3,570.00 03/25/2027 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 03/26/2027 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
03/26/2027 Coupon 57636QAP9 1,200,000.00 MASTERCARD INC 3.35 03/26/2030 20,100.00 20,100.00 03/31/2027 Coupon 91282CFL0 2,200,000.00 UNITED STATES TREASURY 3.875 09/30/2029 42,625.00 42,625.00 03/31/2027 Coupon 91282CGS4 2,500,000.00 UNITED STATES TREASURY 3.625 03/31/2030 45,312.50 45,312.50 03/31/2027 Coupon 91282CKG5 1,900,000.00 UNITED STATES TREASURY 4.125 03/31/2029 39,187.50 39,187.50 March 2027 Total 1,679,858.75 513,346.24 2,193,204.99
APRIL 2027
04/15/2027 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 04/15/2027 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 04/15/2027 Coupon 24422EYF0 1,000,000.00 JOHN DEERE CAPITAL CORP 4.375 10/15/2030 21,875.00 21,875.00 04/15/2027 Coupon 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 491.17 491.17 04/15/2027 Principal Paydown 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 11,722.04 11,722.04 04/15/2027 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 1,714.01 1,714.01 04/15/2027 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 35,115.64 35,115.64 04/15/2027 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 577.10 577.10 04/15/2027 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 44,835.96 44,835.96 04/15/2027 Coupon 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 847.94 847.94 04/15/2027 Principal Paydown 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 25,432.22 25,432.22 04/15/2027 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,536.91 1,536.91 04/15/2027 Principal Paydown 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 29,867.02 29,867.02 04/15/2027 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 1,938.34 1,938.34 04/15/2027 Principal Paydown 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 39,667.68 39,667.68 317
CONFIDENTIAL | 41
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2027 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 04/15/2027 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 04/16/2027 Coupon 96130AK31 1,650,000.00 Westpac Banking Corporation - New York Branch 4.0 04/16/2027 66,183.33 66,183.33
04/16/2027 Final Maturity 96130AK31 1,650,000.00 Westpac Banking Corporation - New York Branch 4.0 04/16/2027 1,650,000.00 1,650,000.00
04/19/2027 Coupon 61747YFU4 2,200,000.00 MORGAN STANLEY 4.654 10/18/2030 51,194.00 51,194.00 04/20/2027 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 69.36 69.36 04/20/2027 Effective Maturity 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 17,859.90 17,859.90 04/20/2027 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,130.27 1,130.27 04/20/2027 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 98,492.52 98,492.52 04/21/2027 Coupon 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 194.11 194.11 04/21/2027 Principal Paydown 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 9,518.27 9,518.27 04/21/2027 Coupon 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 944.34 944.34 04/21/2027 Principal Paydown 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 22,668.93 22,668.93 04/21/2027 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,003.93 2,003.93 04/21/2027 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 40,568.20 40,568.20 04/26/2027 Coupon 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 624.77 624.77 04/26/2027 Principal Paydown 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 15,131.46 15,131.46 04/26/2027 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 1,562.56 1,562.56 04/26/2027 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 30,947.86 30,947.86 04/26/2027 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 04/26/2027 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 04/26/2027 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 04/26/2027 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 04/26/2027 Coupon 3137FXYV4 2,000,000.00 FHMS K-126 A2 2.074 01/27/2031 3,456.67 3,456.67 04/26/2027 Coupon 3137HAGZ3 1,000,000.00 FHMS K-752 A2 4.284 07/25/2030 3,570.00 3,570.00 04/26/2027 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 04/30/2027 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
04/30/2027 Coupon 91282CFT3 2,500,000.00 UNITED STATES TREASURY 4.0 10/31/2029 50,000.00 50,000.00 04/30/2027 Coupon 91282CMZ1 2,700,000.00 UNITED STATES TREASURY 3.875 04/30/2030 52,312.50 52,312.50 318
CONFIDENTIAL | 42
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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 04/30/2027 Coupon 91282CQK0 1,525,000.00 UNITED STATES TREASURY 3.875 04/30/2031 29,546.88 29,546.88 April 2027 Total 2,071,827.71 374,351.29 2,446,179.00
MAY 2027
05/17/2027 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 05/17/2027 Effective Maturity 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 505,000.00 505,000.00 05/17/2027 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 05/17/2027 Coupon 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 443.89 443.89 05/17/2027 Principal Paydown 44934QAD3 235,078.32 HART 2024-B A3 4.84 03/15/2029 11,291.13 11,291.13 05/17/2027 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 1,587.59 1,587.59 05/17/2027 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 33,764.23 33,764.23 05/17/2027 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 407.84 407.84 05/17/2027 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 44,363.44 44,363.44 05/17/2027 Coupon 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 737.73 737.73 05/17/2027 Principal Paydown 47786WAD2 411,532.05 JDOT 2024-B A3 5.2 03/15/2029 22,403.37 22,403.37 05/17/2027 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,431.63 1,431.63 05/17/2027 Principal Paydown 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 31,245.80 31,245.80 05/17/2027 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 1,785.95 1,785.95 05/17/2027 Principal Paydown 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 36,669.05 36,669.05 05/17/2027 Coupon 58933YBH7 1,250,000.00 MERCK & CO INC 4.05 05/17/2028 25,312.50 25,312.50 05/17/2027 Coupon 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 1,376.67 1,376.67 05/17/2027 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 05/20/2027 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 754.35 754.35 05/20/2027 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 98,255.13 98,255.13 05/21/2027 Coupon 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 149.13 149.13 05/21/2027 Principal Paydown 438123AC5 136,006.62 HAROT 2023-4 A3 5.67 06/21/2028 9,193.10 9,193.10 05/21/2027 Coupon 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 858.01 858.01 05/21/2027 Principal Paydown 43813YAC6 489,227.01 HAROT 2024-3 A3 4.57 03/21/2029 21,805.82 21,805.82 05/21/2027 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 1,849.43 1,849.43 05/21/2027 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 38,994.81 38,994.81 05/25/2027 Coupon 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 559.45 559.45 05/25/2027 Principal Paydown 096919AD7 279,385.24 BMWOT 2024-A A3 5.18 02/26/2029 14,604.21 14,604.21 05/25/2027 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 1,444.96 1,444.96 319
CONFIDENTIAL | 43
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/25/2027 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 29,768.80 29,768.80 05/25/2027 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 05/25/2027 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 05/25/2027 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 05/25/2027 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 05/25/2027 Coupon 3137FXYV4 2,000,000.00 FHMS K-126 A2 2.074 01/27/2031 3,456.67 3,456.67 05/25/2027 Coupon 3137HAGZ3 1,000,000.00 FHMS K-752 A2 4.284 07/25/2030 3,570.00 3,570.00 05/25/2027 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 May 2027 Total 897,358.89 77,052.26 974,411.15
Grand Total 458,148,986.45 18,718,307.14 3,632,719.30 22,351,026.44 320
CONFIDENTIAL | 44
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 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.

LAIF Yields: Additional Disclosure for CA Clients - As a result of a reporting lag from the Local Agency Investment Fund (LAIF), reported LAIF yields represent the most recently available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end. 321
CONFIDENTIAL | 45
City of Orange | Account #10888 | As of June 30, 2026
Execution Time: 07/06/2026 12:43:45 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INVESTMENT REPORT
City of Orange | As of June 30, 2026
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. 323

TABLE OF CONTENTS

ECONOMIC UPDATE

ACCOUNT PROFILE

CONSOLIDATED INFORMATION

PORTFOLIO HOLDINGS

TRANSACTIONS
1 324

ECONOMIC UPDATE
2 325
▪
▪
▪
Energy prices and inflation remained the primary drivers of the macro backdrop as the U.S.-Israel-Iran conflict entered its third month, disrupting global oil supply. Headline CPI accelerated at the fastest pace in more than three years, reflecting volatility in the energy component. Crude oil, however, retraced roughly 20% from its May–early June peak as diplomatic progress between the United States and Iran pointed to a potential framework for de-escalation. The labor market remained resilient, with continued payroll growth and subdued jobless claims. Risk assets held firm, as equities hovered near record highs and credit spreads remained historically tight amid broadly better-than-expected corporate earnings. Taken together, the current market environment has further constrained the case for near-term monetary policy easing, leading the Chandler team to push out its expected timing for rate cuts beyond the six-month investment horizon.

The Federal Reserve’s June FOMC meeting ended with policymakers unanimously holding the target range at 3.50%–3.75%, a notable shift from the8–4 split at April’s meeting, which marked JeromePowell’s final session as Chair. Under new Chair Kevin Warsh, sworn in on May 22, the Committee released an unusually concise statement that referenced Middle East tensions and energy supply disruptions while removing prior forward guidance that had suggested a bias toward rate cuts. Updated projections leaned more hawkish, with 9 of 18 officials expecting at least one rate hike this year and 6 anticipating multiple increases. The shift signals that restoring price stability has reemerged as the central focus of monetary policy deliberations.

The Treasury yield curve flattened modestly in June as short-term yields responded to a more hawkish shift in Federal Reserve guidance.

The 2-year yield rose to 4.15% from 3.98% the prior month, while the 10-year yield edged down slightly to 4.44% from 4.45%. As a result, the 2s/10s spread narrowed to 29 basis points, down from roughly 47 basis points a month earlier and significantly below the 69 basis point spread at the start of the year. Meanwhile, the 3-month/10-year spread remained positive at 64 basis points. Front-end rates absorbed the bulk of the Fed’s updated rate outlook, while longer maturities were partly anchored by a late-month decline in oil prices.

ECONOMIC UPDATE
3 326
-400
-200
0 200
400
600
800
1,000MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
Nonfarm payrolls increased by just 57,000 in June, well below the 113,000 consensus and marking a sharp slowdown from May’s pace. The unemployment rate edged down to 4.2%, though the decline was driven by a drop in labor force participation to 61.5%, its lowest level since March 2021. Revisions further weakened the report’s signal. April payrolls were revised down by 31,000 to 148,000, while May was lowered by 43,000 to 129,000, resulting in a combined two-month downward revision of 74,000.

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

EMPLOYMENT
4 327
0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In Thousands (000's)
Job openings were essentially unchanged at 7.6 million in May, remaining elevated by historical standards even as hiring momentum moderates. Gains in wholesale trade and accommodation and food services were offsetby declines in health care and social assistance, as well as finance and insurance. April openings were revised down by 33,000 to 7.6 million, while hires were revised up by 99,000, highlighting ongoing churn but a broadly stable labor market backdrop.

Source: US Department of Labor

JOB OPENINGS & LABOR TURNOVER SURVEY
5 328
Source: Bloomberg Indices Source: Bloomberg Indices

ENERGY MARKETS
Crude oil prices declined sharply in June as supply disruptions tied to the Middle East conflict began to ease. Tanker traffic through the Strait of Hormuz normalized, and signs of progress in U.S.–Iran negotiations helped unwind the geopolitical risk premium that had driven prices higher earlier in the year. West Texas Intermediate settled near $69.37 per barrel on June 30, while Brent crude closed around $72.96, both well below their recent peaks. Brent’s 21% monthly decline marked its steepest drop since March 2020, while WTI fell more than 20%, its largest monthly loss since late 2021. Beyond crude, broader energy markets also softened. Refined product cracks narrowed as gasoline and diesel demand showed signs of seasonal moderation, while U.S. natural gas prices remained range-bound amid ample storage and steady production. Taken together, the retracement in oil and broader energy prices reflects a rapid compression in geopolitical risk premia and improved near-term supply visibility, even as underlying structural risks in the region remain unresolved.

2.00 2.50

3.00 3.50

4.00 4.50

5.00 5.50

6.00 6.50
US Fuel Prices
Average Retail Price US Diesel
Average Retail Price US Gas
($) Per Gallon
40 60
80 100
120
140
160
Oil Prices
West Texas Intermediate (WTI Spot Cushing)
Dated Brent (Global Spot)
Price Per Barrel (WTI Spot)
6 329

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

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
Inflation firmed in May, with the Personal Consumption Expenditures (PCE) price index rising 0.4% on the month and 4.1% year over year, up from 3.8% in April and marking the highest annual rate of the current cycle. Core PCE, which excludes food and energy, increased 0.3% in May and 3.4% over the year. Energy prices remained the primary driverof the headline acceleration, reflecting supply disruptions tied to the Iranian conflict. A similar pattern was evident in the headline Consumer Price Index (CPI), which rose 0.5% on the month and 4.2% year over year, the fastest annual pace since 2023. Energy prices climbed 3.9% in May and 23.5% from a year earlier, largely due to crude oil reaching a four-year high. In contrast, core CPI rose a more modest 0.2% on the month and 2.9% year over year, indicating that inflation pressures remain concentrated in energy rather than broad-based.

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

INFLATION
7 330

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%
Retail Sales YOY % Change
YOY (%) Change
Retail sales rose a robust 0.9% in May to $763.7 billion, nearly double the pace economists had penciled in and an acceleration from April's downwardly revised 0.4% gain. The closely watched control group, which feeds directly into gross domestic product calculations, advanced

0.7%, pointing to durable underlying demand. Gasoline station receipts roseas energy prices stayed high, while auto sales rebounded after an April pullback. The Conference Board's Consumer Confidence Index tickedup 0.6 points to 91.2 in June, though the improvement masked a further deterioration in how households view the job market, with the share calling jobs ‘hard-to-get’ climbing to a five year high.

Spending has proven more resilient than sentiment across recent months. 0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09)

CONSUMER
8 331
-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) edged up 0.1% in May to 99.3, following a revised 0.2% increase in April. Despite the monthly gains, the LEI’s six- and twelve-month growth rates remained negative at -0.6% and -1.5%, respectively. The advance was driven primarily by financial components, including equity prices and the interest rate spread, while consumer expectations continuedto weigh on the index. The Chicago Fed National Activity Index fell to -0.10 in May from an upwardly revised 0.19 in April. Production-related and employment-related indicators each subtracted from the index, while the sales, orders, and inventories category made a small positive contribution.

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

LEADING INDICATORS OF ECONOMIC ACTIVITY
9 332
0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts declined sharply in May to a seasonally adjusted annual rate of 1,177,000, a 15.4% drop from a downwardly revised 1,392,000 in April. The pullback was driven primarily by multifamily construction, while single-family starts edged down a more modest

1.9% to 882,000; total multifamily starts came in at 295,000 units. The S&P CoreLogic Case-Shiller 20-City Composite rose 1.1% year over year in April, marking its first pickup since November 2025, following an upwardly revised 0.9% gain in March. Freddie Mac’s average 30- year fixed mortgage rate increased to 6.44% in May from 6.33% in April, reinforcing ongoing affordability constraints for prospective buyers.

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

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change

HOUSING
10 333
40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services

EXPANDING

CONTRACTING
Manufacturing activity cooled slightly in June, with the Institute for Supply Management's Manufacturing Index easing to 53.3%, down 0.7 percentage point from May but still marking a sixth consecutive month of expansion. Services activity also moderated, as the ISM Services Index eased to 54.0% from 54.5%, a twenty-fourth consecutive monthin expansion territory. Business activity and new orders both slowed, though the employment component jumpedto 51.2% from 47.9%, its strongest reading since late 2021 and the first expansion in services hiring in four months.

Source: Institute for Supply Management

PURCHASING MANAGERS INDEX (PMI)
11 334
Components of GDP 6/25 9/25 12/25 3/26

1.7% 2.3% 1.3% 0.4%
-2.7% 0.0% 0.4% 1.4%

4.8% 1.6% -0.2% -0.4%
-0.4% 0.2% -1.2% 0.6%

0.3% 0.2% 0.2% 0.2%

3.8% 4.4% 0.5% 2.1%
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
State and Local (Consumption and Gross
Investment)
-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce Real gross domestic product increased at an annualized rate of 2.1% in the first quarter of 2026, according to the Bureau of Economic Analysis’ third estimate, up from 1.6%in the prior estimate andan acceleration from 0.5% in the fourth quarterof 2025. The 0.5 percentage point upward revision was driven primarily by a downward revision to imports—which subtract from GDP—partly offset by a downward revision to consumer spending.

GROSS DOMESTIC PRODUCT (GDP)
12 335
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 Open Market Committee (FOMC) held the target range for the federal funds rate at 3.50% to 3.75% at its June 16–17 meeting, with a unanimous 12–0 vote. This marked a notable shift from the Aprilmeeting—Jerome Powell’slast as chair—which saw four dissents in an 8–4 decision. The return to consensus under Chair Kevin Warsh signals a clear change in tone. Minutes from the June meeting are scheduled for release in early July. The June Summaryof Economic Projections reflected a more hawkish outlook. The median projection for the federal funds rate at year-end 2026 rose to 3.8%, up from 3.4%in March, before easing to 3.6% in 2027 and 3.4% in 2028. Officials also revised their inflation forecasts, with headline PCE projected at 3.6% in 2026 (from 2.7%) and core PCE at 3.3%. By contrast, median projections for real GDP growth and the unemployment rate—2.2% and 4.3%, respectively—were little changed.

FEDERAL RESERVE

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)
13 336
Source: Bloomberg Source: Bloomberg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

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

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

5.5%
US Treasury Yield Curve
Jun-26
Mar-26
Jun-25
Yield (%)
Treasury yields ended June mixed, with a modest flattening across the curve as markets digested a more hawkish Federal Reserve signal.

The 2-year yield rose to 4.15% from 3.98% at the end of May, while the 10-year yield edged down to 4.44% from 4.45%. The 2s/10s spread narrowedto 29 basis points, down from 47 basis points a month earlier. The 3-month/10-year spread remained positive at roughly 64 basis points at month-end. Relativeto the 69 basis point spread at the start of 2026, the curve has flattened materially year to date, reflecting a repricing higher in front-end rates as expectations shift toward the possibility of further Fed tightening rather than easing.

BOND YIELDS
14 337

ACCOUNT PROFILE
15 338

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. 16 339

STATEMENT OF COMPLIANCE
City of Orange Cons | Account #10897 | As of June 30, 2026 Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES
Max % Issuer (BV) 30.0 7.1 Compliant
Max Maturity (Years) 5.0 4.6 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (BV; Non Agency ABS & MBS) 20.0 6.3 Compliant
Max % Issuer (BV) 5.0 1.1 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-

NEGOTIABLE CD/TD)
Max % (BV; FDIC & Collateralized CD/TD) 20.0 0.0 Compliant Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (BV) 25.0 1.3 Compliant
Max % Issuer (BV) 5.0 1.3 Compliant
Max Maturity (Days) 270 34 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (BV) 30.0 17.2 Compliant
Max % Issuer (BV) 5.0 1.3 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (BV; FDIC & Collateralized CD/TD) 20.0 0.0 Compliant Max Maturity (Years) 5.0 0.0 Compliant

FEDERAL AGENCIES
Max % (BV) 100.0 7.5 Compliant
Max % Issuer (BV) 30.0 5.1 Compliant
Max Callables (BV) 20.0 2.9 Compliant
17 340

STATEMENT OF COMPLIANCE
City of Orange Cons | Account #10897 | As of June 30, 2026 Rules Name Limit Actual Compliance
Status Notes
Max Maturity (Years) 5 2 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (BV) 75.0 47.2 Compliant

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

MONEY MARKET MUTUAL FUNDS
Max % (BV) 20.0 0.2 Compliant
Max % Issuer (BV) 20.0 0.2 Compliant
Max WAM (Days) 90.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE -BACKED SECURITIES (NON-AGENCY)
Max % (BV; Non Agency ABS & MBS) 20.0 6.3 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; All Municipal Securities) 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; All Municipal Securities) 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

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (BV) 30.0 1.7 Compliant
Max % Issuer (BV) 5.0 0.9 Compliant
Max Maturity (Years) 5.0 0.8 Compliant
18 341

STATEMENT OF COMPLIANCE
City of Orange Cons | Account #10897 | As of June 30, 2026 Rules Name Limit Actual Compliance
Status Notes
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (BV) 30.0 1.5 Compliant
Max % Issuer (BV) 10.0 1.5 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (BV) 100.0 20.0 Compliant
Max Maturity (Years) 5 4 Compliant
19 342

PORTFOLIO CHARACTERISTICS
City of Orange | Account #10888 | As of June 30, 2026
Benchmark* 6/30/2026
Portfolio
3/31/2026
Portfolio
Average Maturity (yrs) 2.64 2.94 3.05
Average Modified Duration 2.46 2.47 2.58
Average Purchase Yield 4.08% 4.00%
Average Market Yield 4.16% 4.29% 4.04%
Average Quality** AA+ AA+ AA+
Total Market Value 110,156,086 109,755,642
*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. 20 343

SECTOR DISTRIBUTION
City of Orange | Account #10888 | As of June 30, 2026
Sector as a Percentage of Market Value
Sector 06/30/2026 03/31/2026
US Treasury 31.87% 37.09%
Corporate 27.52% 26.98%
Agency 12.01% 12.06%
Agency CMBS 11.17% 8.67%
ABS 10.10% 10.54%
Neg CD 2.65% --
Supras 2.39% 2.41%
Comm Paper 2.01% 1.99%
Money Mkt Fd 0.29% 0.26%
21 344

ISSUERS
City of Orange | Account #10888 | As of June 30, 2026
Issuer Investment Type % Portfolio
United States US Treasury 31.87%
Federal Home Loan Mortgage Corp Agency CMBS 11.17%
Federal Home Loan Banks Agency 8.22%
Farm Credit System Agency 3.79%
International Bank for Recon and Dev Supras 2.39%
Mitsubishi UFJ Financial Group, Inc. Comm Paper 2.01%
Morgan Stanley Corporate 2.00%
Chase Issuance Trust ABS 1.79%
PepsiCo, Inc. Corporate 1.71%
Westpac Banking Corporation - New Yo Neg CD 1.51%
Deere & Company Corporate 1.37%
NVIDIA Corporation Corporate 1.32%
Honda Auto Receivables Owner Trust ABS 1.30%
GM Financial Auto Leasing Trust ABS 1.30%
Simon Property Group, Inc. Corporate 1.26%
JPMorgan Chase & Co. Corporate 1.20%
State Street Corporation Corporate 1.18%
Guardian Life Global Funding Corporate 1.17%
Alphabet Inc. Corporate 1.17%
Cisco Systems, Inc. Corporate 1.16%
The Home Depot, Inc. Corporate 1.16%
Chubb Limited Corporate 1.15%
Toronto-Dominion Bank - New York Bra Neg CD 1.14%
Merck & Co., Inc. Corporate 1.14%
Bank of America Corporation Corporate 1.14%
Massachusetts Mutual Life Insurance Corporate 1.11%
PACCAR Inc Corporate 1.11%
Mastercard Incorporated Corporate 1.06%
American Express Credit Master Trust ABS 0.97%
American Express Company Corporate 0.93%
22 345

ISSUERS
City of Orange | Account #10888 | As of June 30, 2026
Issuer Investment Type % Portfolio
BMW Vehicle Owner Trust ABS 0.91%
UnitedHealth Group Incorporated Corporate 0.91%
Abbott Laboratories Corporate 0.90%
John Deere Owner Trust ABS 0.89%
Caterpillar Inc. Corporate 0.89%
Hyundai Auto Receivables Trust ABS 0.80%
New York Life Insurance Company Corporate 0.76%
Metropolitan Life Global Funding I Corporate 0.76%
Eli Lilly and Company Corporate 0.64%
WF Card Issuance Trust ABS 0.51%
Mercedes-Benz Auto Lease Trust ABS 0.49%
Bank of America Credit Card Trust ABS 0.47%
Toyota Auto Receivables Owner Trust ABS 0.36%
The Goldman Sachs Group, Inc. Corporate 0.33%
Hyundai Auto Lease Sec Trust ABS 0.30%
First American Govt Oblig Fund Money Mkt Fd 0.29%
Cash Cash 0.00%
TOTAL 100.00%
23 346

QUALITY DISTRIBUTION
City of Orange | Account #10888 | As of June 30, 2026
S&P Rating Moody’s Rating Fitch Rating
Rating 06/30/2026 03/31/2026
AAA 11.26% 11.39%
AA 63.10% 64.00%
A 19.54% 20.87%
A-1+ 1.51% --
A-1 1.99% 1.98%
NA 2.60% 1.76%
Rating 06/30/2026 03/31/2026
Aaa 8.07% 8.10%
Aa 64.50% 66.05%
A 16.42% 17.08%
P-1 4.64% 1.98%
NA 6.36% 6.80%
Rating 06/30/2026 03/31/2026
AAA 18.24% 16.49%
AA 51.37% 57.28%
A 8.45% 8.52%
F1+ 1.15% --
NA 20.79% 17.71%
24 347

DURATION DISTRIBUTION
City of Orange | Account #10888 | As of June 30, 2026
Portfolio Compared to the Benchmark
0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
Portfolio 9.3% 0.5% 9.1% 14.1% 25.6% 34.2% 7.3% 0.0% 0.0% ICE BofA 1-5 Year Unsubordinated US Treasury &
Agency Index 0.0% 0.0% 2.5% 36.2% 28.4% 20.6% 12.3% 0.0% 0.0% 25 348

INVESTMENT PERFORMANCE
City of Orange | Account #10888 | As of June 30, 2026
Total Rate of Return: Inception | 01/01/2022
TOTAL RATE OF RETURN* 3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception City of Orange 0.38% 3.06% 4.57% 4.67% 2.04%
Benchmark 0.24% 2.71% 4.37% 4.30% 1.84%
*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 26 349

HISTORICAL AVERAGE PURCHASE YIELD
City of Orange | Account #10888 | As of June 30, 2026
Purchase Yield as of 06/30/26 = 4.08%
27 350

CONSOLIDATED INFORMATION
28 351

PORTFOLIO CHARACTERISTICS
City of Orange Cons | Account #10897 | As of June 30, 2026 6/30/2026
Portfolio
3/31/2026
Portfolio
Average Maturity (yrs) 1.84 2.04
Average Modified Duration 1.55 1.73
Average Purchase Yield 3.94% 3.91%
Average Market Yield 4.07% 3.94%
Average Quality** AA+ AA+
Total Market Value 175,601,110 163,794,677
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 29 352

PORTFOLIO HOLDINGS
30 353

HOLDINGS REPORT
City of Orange | Account #10888 | As of June 30, 2026
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 60,198.38 02/22/2023

3.39%
60,187.41
60,195.17
100.16

4.26%
60,296.86
134.04

0.06%
101.69
Aaa/NA
AAA

1.38 0.19
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 430,000.00 02/05/2025

4.66%
429,949.26
429,972.42
100.19

4.34%
430,798.51
612.27

0.39%
826.09
NA/AAA
AAA

1.65 0.50
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 32,497.46 07/11/2023

5.47%
32,491.70
32,495.39
100.33

4.10%
32,604.18

29.63 0.03%
108.79
NA/AAA
AAA

1.66 0.23
44935DAD1 HALST 2025-B A3 4.53 04/17/2028 330,000.00 04/24/2025

4.53%
329,970.20
329,981.95
100.19

4.33%
330,616.77
664.40

0.30%
634.82
NA/AAA
AAA

1.80 0.78
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 985,000.00 --

4.80%
985,558.36
985,261.53
100.23

4.29%
987,236.94
1,378.45

0.90%
1,975.41
NA/AAA
AAA

1.90 0.68
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 136,006.62 11/01/2023

5.74%
135,982.67
135,996.38
100.62

4.34%
136,843.06
214.21

0.13%
846.68
Aaa/NA
AAA

1.98 0.42
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.23%
1,059,706.17
1,059,870.21
100.25

3.96%
1,062,670.14
2,430.93

0.97%
2,799.93
NA/AAA
AAA

2.21 0.20
02582JKD1 AMXCA 2023-3 A 5.23 09/15/2026 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,996.72
100.28

3.89%
1,057,956.11
2,452.29

0.97%
2,959.39
NA/AAA
AAA

0.21 0.20
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 279,385.24 06/04/2024

5.18%
279,342.80
279,361.30
100.51

4.33%
280,799.49
241.20

0.26%
1,438.19
Aaa/AAA
NA

2.66 0.56
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 411,532.05 06/11/2024

5.81%
411,451.60
411,486.13
100.64

4.40%
414,162.15
951.10

0.38%
2,676.02
Aaa/NA
AAA

2.71 0.74
44934QAD3 HART 2024-B A3 4.84 03/15/2029 235,078.32 07/16/2024

5.45%
235,042.85
235,057.64
100.30

4.40%
235,787.56
505.68

0.22%
729.91
NA/AAA
AAA

2.71 0.61
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 489,227.01 08/09/2024

4.66%
489,150.16
489,181.35
100.20

4.31%
490,196.66
621.05

0.45%
1,015.31
Aaa/NA
AAA

2.72 0.64
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 530,000.00 05/14/2025

4.66%
529,935.39
529,953.79
100.31

4.42%
531,658.90
1,085.91

0.49%
1,705.11
NA/AAA
AAA

2.79 1.34
05522RDJ4 BACCT 2024-1 A 4.93 05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,983.52
100.65

4.21%
508,259.78
1,106.51

0.47%
3,276.25
Aaa/AAA
NA

2.87 0.84
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 500,000.00 03/04/2025

5.09%
499,968.55
499,977.64

99.88 4.35%
499,380.50
940.00

0.46%
(597.14)
Aaa/NA
AAA

3.22 1.47
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029 795,000.00 02/04/2025

4.57%
794,975.51
794,982.86
100.28

4.32%
797,201.36
1,009.21

0.73%
2,218.50
NA/AAA
AAA

3.23 0.94
31 354

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 680,000.00 02/04/2025

4.56%
679,933.02
679,953.04
100.25

4.28%
681,681.64
516.80

0.62%
1,728.60
Aaa/AAA
NA

3.24 0.77
92970QAE5 WFCIT 2024-2 A 4.29 10/15/2029 560,000.00 10/17/2024

4.29%
559,916.78
559,944.95
100.06

4.28%
560,337.12
1,067.73

0.51%
392.17
Aaa/AAA
NA

3.29 1.23
44935CAD3 HART 2025-A A3 4.32 10/15/2029 635,000.00 03/04/2025

4.84%
634,906.34
634,932.91
100.05

4.31%
635,292.10
1,219.20

0.58%
359.19
NA/AAA
AAA

3.29 0.95
161571HZ0 CHAIT 2025-1 A 4.16 07/15/2030 900,000.00 02/26/2026

3.70%
910,089.84
908,650.09

99.61 4.40%
896,485.50
1,664.00

0.82%
(12,164.59)
NA/AAA
AAA

4.04 1.91
89240QAD7 TAOT 2026-B A3 4.13 12/16/2030 400,000.00 04/14/2026

4.27%
399,915.64
399,919.16

99.42 4.46%
397,667.20
734.22

0.36%
(2,251.96)
Aaa/AAA
NA

4.46 1.97
11,018,398.75 100.17 11,027,932.51 10.10% 2.60
Total ABS 11,008,925.08 4.78% 11,017,154.16 4.25% 19,578.84 10,778.34 0.86 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

99.77 3.82%
4,988,615.00
19,000.00

4.57%
(11,385.00)
Aa1/AA+
AA+

0.08 0.08
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
2,012,354.49
100.26

4.15%
2,005,150.00
25,763.89

1.84%
(7,204.49)
Aa1/AA+
AA+

1.21 1.15
3130AEB25 FEDERAL HOME LOAN BANKS 3.25
06/09/2028 2,000,000.00 07/24/2023

4.15%
1,921,180.00
1,968,622.47

98.22 4.21%
1,964,404.00
3,972.22

1.80%
(4,218.47)
Aa1/AA+
AA+

1.94 1.85
3130AXQK7 FEDERAL HOME LOAN BANKS 4.75
12/08/2028 2,000,000.00 01/29/2024

4.05%
2,060,660.00
2,030,466.78
101.29

4.19%
2,025,812.00
6,069.44

1.86%
(4,654.78)
Aa1/AA+
AA+

2.44 2.28
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
2,102,413.99
101.52

4.17%
2,132,022.90
16,902.08

1.95%
29,608.91
Aa1/AA+
AA+

2.83 2.61
13,141,823.00 100.13 13,116,003.90 12.01% 1.34
Total Agency 13,100,000.00 2.94% 13,113,857.72 4.04% 71,707.64 2,146.18 1.26

AGENCY CMBS
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 2,200,000.00 02/11/2026

3.70%
2,202,750.00
2,202,291.67

98.91 4.37%
2,175,995.80
7,058.33

1.99%
(26,295.87)
Aa1/AA+
AAA

1.90 1.72
3137FNX54 FHMS K-097 A2 2.508 07/25/2029 2,000,000.00 02/18/2026

3.76%
1,919,062.50
1,927,526.55

94.50 4.43%
1,890,048.00
4,180.00

1.73%
(37,478.55)
Aaa/AA+
AA+

3.07 2.86
32 355

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137FRUT6 FHMS K-106 A2 2.069 01/25/2030 1,500,000.00 06/12/2025

4.23%
1,365,820.31
1,396,473.78

92.25 4.44%
1,383,717.00
2,586.25

1.27%
(12,756.78)
Aa1/AA+
AAA

3.57 3.33
3137HAGZ3 FHMS K-752 A2 4.284 07/25/2030 1,000,000.00 06/25/2026

4.38%
995,078.13
995,081.50

99.24 4.46%
992,417.00
3,570.00

0.91%
(2,664.50)
Aa1/AA+
AAA

4.07 3.50
3137HB2L7 FHMS K-753 A2 4.4 10/25/2030 2,000,000.00 02/18/2026

3.87%
2,040,390.63
2,037,315.08

99.61 4.47%
1,992,260.00
7,333.33

1.82%
(45,055.08)
Aa1/AA+
AAA

4.32 3.76
3137F8ZV8 FHMS K-123 A2 1.621 12/25/2030 2,200,000.00 02/11/2026

3.98%
1,976,648.44
1,993,770.36

88.77 4.46%
1,952,880.60
2,971.83

1.79%
(40,889.76)
Aa1/AA+
AAA

4.49 4.13
3137FXYV4 FHMS K-126 A2 2.074 01/27/2031 2,000,000.00 06/25/2026

4.39%
1,813,125.00
1,813,236.77

90.35 4.46%
1,807,050.00
3,456.67

1.65%
(6,186.77)
Aa1/AA+
AAA

4.58 4.17
Total Agency CMBS 12,900,000.00 4.00%
12,312,875.01
12,365,695.70

94.72 4.44%
12,194,368.40
31,156.42

11.17%
(171,327.30)

3.65 3.31
CASH
CCYUSD Receivable 1,764.96 -- 1,764.96
1,764.96

1.00 1,764.96

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 1,764.96
1,764.96
1,764.96

1.00 1,764.96

0.00 0.00%

0.00 0.00

0.00 COMMERCIAL
PAPER
62479MH30 MUFG Bank, Ltd., New York
Branch 08/03/2026 2,200,000.00 02/13/2026

3.73%
2,162,545.61
2,192,598.83

99.66 3.75%
2,192,454.00

0.00 2.01%
(144.83)
P-1/A-1
NA

0.09 0.09
Total Commercial
Paper 2,200,000.00 3.73%
2,162,545.61
2,192,598.83

99.66 3.75%
2,192,454.00

0.00 2.01%
(144.83)

0.09 0.09

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

5.18%
504,641.45
504,977.43
100.21

3.97%
506,036.26
8,163.47

0.46%
1,058.83
A1/A
A+

0.19 0.18
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,987.64
100.30

4.25%
381,130.88
2,758.96

0.35%
1,143.24
A1/A+
NA

0.36 0.27
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,240,495.22

99.65 5.20%
1,245,562.50
21,377.22

1.14%
5,067.28
A1/A-
AA-

1.56 0.53
33 356

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
1,480,156.68

98.92 4.29%
1,483,798.50
19,950.00

1.36%
3,641.82
A1/A+
NA

1.64 1.54
857477CU5 STATE STREET CORP 4.536
02/28/2028 1,285,000.00 02/25/2025

4.51%
1,285,000.00
1,285,000.00
100.38

4.29%
1,289,877.86
19,914.93

1.18%
4,877.86
Aa3/A
AA-

1.67 1.48
58933YBH7 MERCK & CO INC 4.05 05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,255,951.00

99.71 4.21%
1,246,360.00
6,187.50

1.14%
(9,591.00)
Aa3/A+
NA

1.88 1.78
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
981,980.04

99.50 4.46%
994,971.00
19,597.22

0.91%
12,990.96
A2/A+
A

2.54 2.33
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,197,161.80
100.64

4.33%
1,207,663.20
23,153.33

1.11%
10,501.40
A1/A+
NA

2.59 2.37
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,340.77
101.06

4.42%
1,263,273.75
21,050.35

1.16%
12,932.98
A1/AA-
NA

2.66 2.36
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029 1,000,000.00 --

3.75%
998,465.00
998,624.66

98.08 4.46%
980,849.00
11,511.11

0.90%
(17,775.66)
Aa3/A+
NA

2.69 2.50
38151LAJ9 GOLDMAN SACHS BANK USA

4.656 06/03/2029 355,000.00 05/27/2026

4.57%
355,000.00
355,000.00
100.06

4.54%
355,219.75
1,285.57

0.33%
219.75
A1/A+
AA-

2.93 1.81
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,247,600.86
100.99

4.39%
1,262,371.25
989.58

1.16%
14,770.39
A2/A
A

2.99 2.68
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
704,036.09

99.48 4.38%
701,312.15
11,268.25

0.64%
(2,723.94)
Aa3/AA-
NA

3.12 2.85
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,269,466.18
100.49

4.48%
1,256,155.00
21,958.33

1.15%
(13,311.18)
A2/A
A

3.13 2.76
40139LBJ1 GUARDIAN LIFE GLOBAL FUNDING

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

4.67%
1,272,336.00
1,281,447.56

98.69 4.62%
1,282,981.70
14,336.29

1.17%
1,534.14
Aa1/AA+
NA

3.24 2.96
64952WFK4 NEW YORK LIFE GLOBAL FUNDING

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

4.61%
829,526.90
829,675.36

99.95 4.62%
829,562.59
2,757.44

0.76%
(112.77)
Aa1/AA+
AAA

3.43 3.13
14913UAX8 CATERPILLAR FINANCIAL SERVICES
CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,694.11
101.35

4.38%
972,974.40
22,144.00

0.89%
14,280.29
A1/A
A+

3.53 3.14
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,808.49
100.57

4.72%
824,702.70
19,197.11

0.76%
5,894.21
Aa3/AA-
AA-

3.53 3.13
57629TBV8 MASSMUTUAL GLOBAL FUNDING
II 4.95 01/10/2030 1,200,000.00 --

4.90%
1,202,338.00
1,201,833.65
100.70

4.73%
1,208,406.00
28,215.00

1.11%
6,572.35
Aa3/AA+
AA+

3.53 3.13
57636QAP9 MASTERCARD INC 3.35
03/26/2030 1,200,000.00 03/30/2026

4.28%
1,159,488.00
1,162,047.82

96.14 4.48%
1,153,731.60
10,608.33

1.06%
(8,316.22)
Aa3/A+
NA

3.74 3.43
34 357

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
24422EYF0 JOHN DEERE CAPITAL CORP 4.375
10/15/2030 1,000,000.00 03/30/2026

4.44%
997,420.00
997,563.07

99.40 4.53%
993,959.00
9,236.11

0.91%
(3,604.07)
A1/A
A+

4.29 3.83
61747YFU4 MORGAN STANLEY 4.654
10/18/2030 2,200,000.00 02/13/2026

4.16%
2,236,300.00
2,232,667.29

99.46 4.81%
2,188,142.00
20,762.01

2.00%
(44,525.29)
A1/A-
A+

4.30 2.99
828807EB9 SIMON PROPERTY GROUP LP 4.3
01/15/2031 1,400,000.00 02/18/2026

4.23%
1,403,920.00
1,403,626.00

98.34 4.71%
1,376,772.60
28,093.33

1.26%
(26,853.40)
A3/A
NA

4.54 3.99
46647PEV4 JPMORGAN CHASE & CO 5.14
01/24/2031 1,300,000.00 02/11/2026

4.22%
1,343,264.00
1,339,093.61
101.12

4.76%
1,314,618.50
29,140.94

1.20%
(24,475.11)
A1/A
AA-

4.57 3.16
025816DY2 AMERICAN EXPRESS CO 5.085
01/30/2031 1,000,000.00 03/30/2026

4.62%
1,016,100.00
1,015,042.76
101.20

4.71%
1,011,989.00
21,328.75

0.93%
(3,053.76)
A2/A-
A

4.59 3.18
02079KBK2 ALPHABET INC 4.1 02/15/2031 1,300,000.00 02/12/2026

4.10%
1,300,075.52
1,300,069.54

98.26 4.52%
1,277,354.00
20,431.67

1.17%
(22,715.54)
Aa2/AA+
NA

4.63 4.10
67066GAR5 NVIDIA CORP 4.5 06/15/2031 1,450,000.00 --

4.53%
1,448,108.30
1,448,118.17

99.65 4.58%
1,444,867.00
2,356.25

1.32%
(3,251.17)
Aa1/AA
NA

4.96 4.39
Total Corporate 30,140,000.00 4.51%
30,071,706.12
30,139,465.80

99.73 4.54%
30,054,642.18
417,773.08

27.52%
(84,823.62)

3.24 2.73

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 313,862.75 --

3.27%
313,862.75
313,862.75

1.00 3.27%
313,862.75

0.00 0.29%

0.00 Aaa/AAAm
AAA

0.00 0.00
Total Money Market
Fund 313,862.75 3.27%
313,862.75
313,862.75

1.00 3.27%
313,862.75

0.00 0.29%

0.00 0.00

0.00 NEGOTIABLE CD
89115M3E4 Toronto-Dominion Bank - New
York Branch 4.0 03/12/2027 1,250,000.00 06/25/2026

4.28%
1,247,117.38
1,247,173.03

99.83 4.19%
1,247,891.25
15,416.67

1.14%
718.22
P-1/NA
F1+

0.70 0.69
96130AK31 Westpac Banking Corporation -
New York Branch 4.0 04/16/2027 1,650,000.00 05/28/2026

4.00%
1,649,758.64
1,649,784.05

99.79 4.24%
1,646,478.90
13,200.00

1.51%
(3,305.15)
P-1/A-1+
NA

0.79 0.78
Total Negotiable CD 2,900,000.00 4.12%
2,896,876.02
2,896,957.08

99.81 4.22%
2,894,370.15
28,616.67

2.65%
(2,586.93)

0.75 0.74

SUPRANATIONAL
35 358

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
1,974,781.00

98.71 4.17%
1,974,164.00
32,861.11

1.81%
(617.00)
Aaa/AAA
NA

2.03 1.91
459058LR2

INTERNATIONAL BANK FOR

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

4.20%
632,733.05
633,314.06

99.70 4.21%
633,087.38
7,348.80

0.58%
(226.68)
Aaa/AAA
NA

3.72 3.38
Total Supranational 2,635,000.00 4.20%
2,571,113.05
2,608,095.07

98.95 4.18%
2,607,251.38
40,209.91

2.39%
(843.69)

2.44 2.26

US TREASURY
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 1,900,000.00 05/28/2024

4.53%
1,866,453.13
1,880,938.84

99.88 4.17%
1,897,773.20
19,700.82

1.74%
16,834.36
Aa1/AA+
AA+

2.75 2.55
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,214,445.76
100.91

4.17%
2,219,938.60
8,385.25

2.03%
5,492.84
Aa1/AA+
AA+

2.92 2.70
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,500,000.00 --

3.62%
2,540,527.34
2,526,389.51

99.52 4.17%
2,488,085.00
41,712.71

2.28%
(38,304.51)
Aa1/AA+
AA+

3.08 2.82
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,944,382.88

96.91 4.17%
1,938,282.00
20,889.95

1.77%
(6,100.88)
Aa1/AA+
AA+

3.17 2.94
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.10%
2,177,828.13
2,185,338.16

99.09 4.17%
2,180,063.60
21,428.96

2.00%
(5,274.56)
Aa1/AA+
AA+

3.25 2.99
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 2,500,000.00 04/29/2025

3.77%
2,523,535.16
2,517,426.03

99.45 4.18%
2,486,230.00
16,847.83

2.28%
(31,196.03)
Aa1/AA+
AA+

3.34 3.07
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,376,417.59

99.84 4.17%
2,396,251.20
8,385.25

2.19%
19,833.61
Aa1/AA+
AA+

3.42 3.14
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 2,500,000.00 04/29/2025

3.78%
2,550,488.28
2,538,076.94
100.22

4.18%
2,505,470.00
44,319.75

2.29%
(32,606.94)
Aa1/AA+
AA+

3.59 3.24
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00 --

4.02%
2,697,195.31
2,697,904.42

99.39 4.18%
2,683,651.50
36,097.83

2.46%
(14,252.92)
Aa1/AA+
AA+

3.67 3.33
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 2,500,000.00 04/29/2025

3.80%
2,480,664.06
2,485,261.19

98.06 4.19%
2,451,562.50
22,780.05

2.24%
(33,698.69)
Aa1/AA+
AA+

3.75 3.43
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 2,700,000.00 05/29/2025

4.03%
2,681,542.97
2,685,622.84

98.92 4.18%
2,670,786.00
17,627.04

2.45%
(14,836.84)
Aa1/AA+
AA+

3.83 3.50
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 2,600,000.00 --

3.84%
2,589,183.60
2,591,244.88

98.42 4.19%
2,558,868.00
8,258.20

2.34%
(32,376.88)
Aa1/AA+
AA+

3.92 3.59
36 359

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 2,500,000.00 --

3.68%
2,519,589.84
2,518,016.09

98.82 4.19%
2,470,507.50
40,409.19

2.26%
(47,508.59)
Aa1/AA+
AA+

4.08 3.68
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 2,400,000.00 09/29/2025

3.74%
2,387,625.00
2,389,518.78

97.83 4.20%
2,347,968.00
29,078.80

2.15%
(41,550.78)
Aa1/AA+
AA+

4.17 3.77
91282CQK0 UNITED STATES TREASURY 3.875
04/30/2031 1,525,000.00 05/28/2026

4.19%
1,504,031.25
1,504,416.32

98.56 4.21%
1,503,078.13
9,956.01

1.38%
(1,338.19)
Aa1/AA+
AA+

4.83 4.33
Total US Treasury 35,125,000.00 3.98%
35,024,460.95
35,055,400.23

99.08 4.18%
34,798,515.23
345,877.62

31.87%
(256,885.01)

3.58 3.27
Total Portfolio 110,324,552.79 4.08%
109,515,426.22
109,704,852.30

98.75 4.29%
109,201,165.45
954,920.17
100.00%
(503,686.85)

2.94 2.47
Total Market Value +
Accrued 110,156,085.62
37 360

HOLDINGS REPORT
City of Orange LAIF Balances | Account #10895 | As of June 30, 2026 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 401,881.61 -- 401,881.61
401,881.61

1.00 401,881.61

0.00 0.84%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 401,881.61
401,881.61
401,881.61

1.00 401,881.61

0.00 0.84%

0.00 0.00

0.00 LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 47,186,255.39 --

3.82%
47,186,255.39
47,186,255.39

1.00 3.82%
47,186,255.39

0.00 99.16%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 47,186,255.39 3.82%
47,186,255.39
47,186,255.39

1.00 3.82%
47,186,255.39

0.00 99.16%

0.00 0.00

0.00 Total Portfolio 47,588,137.00 3.82%
47,588,137.00
47,588,137.00

1.00 3.82%
47,588,137.00

0.00 100.00%

0.00 0.00

0.00 Total Market Value +
Accrued 47,588,137.00
38 361

HOLDINGS REPORT
City of Orange Bank Balances | Account #10896 | As of June 30, 2026 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
999WEL$14 Wells Fargo 632,734.21 --

0.00%
632,734.21
632,734.21

1.00 0.00%
632,734.21

0.00 3.54%

0.00 NA/NA
NA

0.00 0.00
999WEL$15 Wells Fargo 17,104,130.85 --

3.52%
17,104,130.85
17,104,130.85

1.00 3.52%
17,104,130.85

0.00 95.78%

0.00 NA/NA
NA

0.00 0.00
999WEL$12 Wells Fargo General 120,022.00 05/31/2026

0.00%
120,022.00
120,022.00

1.00 0.00%
120,022.00

0.00 0.67%

0.00 NA/NA
NA

0.00 0.00
Total Cash 17,856,887.06 3.37%
17,856,887.06
17,856,887.06

1.00 3.37%
17,856,887.06

0.00 100.00%

0.00 0.00

0.00 Total Portfolio 17,856,887.06 3.37%
17,856,887.06
17,856,887.06

1.00 3.37%
17,856,887.06

0.00 100.00%

0.00 0.00

0.00 Total Market Value +
Accrued 17,856,887.06
39 362

TRANSACTIONS
40 363

ACQUISITIONS
Purchase 04/21/2026 89240QAD7 400,000.00 TAOT 2026-B A3 4.13 12/16/2030 99.979 4.27% (399,915.64) 0.00 (399,915.64) 0.00 Purchase 05/28/2026 96130AK31 1,650,000.00
Westpac Banking
Corporation - New York
Branch 4.0 04/16/2027

99.985 4.00% (1,649,758.64) (6,966.67) (1,656,725.31) 0.00 Purchase 05/29/2026 91282CQK0 1,525,000.00

UNITED STATES
TREASURY 3.875
04/30/2031

98.625 4.19% (1,504,031.25) (4,656.84) (1,508,688.09) 0.00 Purchase 06/03/2026 38151LAJ9 355,000.00

GOLDMAN SACHS
BANK USA 4.656
06/03/2029
100.000 4.57% (355,000.00) 0.00 (355,000.00) 0.00
Purchase 06/03/2026 38151LAJ9 355,000.00

GOLDMAN SACHS
BANK USA 4.656
06/03/2029
100.000 4.57% (355,000.00) 0.00 0.00 0.00
Purchase 06/03/2026 38151LAJ9 (355,000.00)

GOLDMAN SACHS
BANK USA 4.656
06/03/2029
100.000 4.57% 355,000.00 0.00 0.00 0.00
Purchase 06/18/2026 67066GAR5 560,000.00 NVIDIA CORP 4.5 06/15/2031 99.810 4.54% (558,936.00) 0.00 (558,936.00) 0.00 Purchase 06/26/2026 67066GAR5 890,000.00 NVIDIA CORP 4.5 06/15/2031 99.907 4.52% (889,172.30) (890.00) (890,062.30) 0.00 Purchase 06/26/2026 89115M3E4 1,250,000.00
Toronto-Dominion
Bank - New York
Branch 4.0 03/12/2027

99.769 4.28% (1,247,117.38) (14,722.22) (1,261,839.60) 0.00 Purchase 06/30/2026 3137FXYV4 2,000,000.00 FHMS K-126 A2 2.074 01/27/2031 90.656 4.39% (1,813,125.00) (3,341.44) (1,816,466.44) 0.00 Purchase 06/30/2026 3137HAGZ3 1,000,000.00 FHMS K-752 A2 4.284 07/25/2030 99.508 4.38% (995,078.13) (3,451.00) (998,529.13) 0.00 Total Purchase 9,630,000.00 (9,412,134.34) (34,028.17) (9,446,162.51) 0.00 TOTAL
ACQUISITIONS 9,630,000.00 (9,412,134.34) (34,028.17) (9,446,162.51) 0.00

DISPOSITIONS
41 364

TRANSACTION LEDGER
City of Orange | Account #10888|04/01/2026 Through 06/30/2026| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Maturity 05/15/2026 02582JJZ4 (350,000.00) AMXCA 2023-1 A 4.87 05/15/2026 100.000 4.92% 0.00 0.00 0.00 0.00
Total Maturity (350,000.00) 0.00 0.00 0.00 0.00
Sale 05/08/2026 78016FZW7 (1,000,000.00)

ROYAL BANK
OF CANADA 4.9
01/12/2028
101.196 4.95% 1,011,960.00 15,788.89 1,027,748.89 12,666.03 Sale 05/29/2026 91282CKD2 (1,500,000.00)

UNITED STATES
TREASURY 4.25
02/28/2029
100.402 4.18% 1,506,035.16 15,591.03 1,521,626.19 3,510.80 Sale 06/16/2026 91282CKG5 (300,000.00)

UNITED STATES
TREASURY 4.125
03/31/2029
100.039 4.53% 300,117.19 2,603.48 302,720.67 3,171.81
Sale 06/26/2026 91282CKP5 (2,000,000.00)

UNITED STATES
TREASURY 4.625
04/30/2029
101.352 4.13% 2,027,031.25 14,327.45 2,041,358.70 1,398.58 Sale 06/26/2026 91282CCZ2 (3,000,000.00)

UNITED STATES
TREASURY 0.875
09/30/2026

99.246 1.01% 2,977,382.81 6,239.75 2,983,622.56 (21,594.46) Total Sale (7,800,000.00) 7,822,526.41 54,550.60 7,877,077.01 (847.24) TOTAL
DISPOSITIONS (8,150,000.00) 7,822,526.41 54,550.60 7,877,077.01 (847.24) 42 365

TRANSACTION LEDGER
City of Orange LAIF Balances | Account #10895|04/01/2026 Through 06/30/2026| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 04/15/2026 90LAIF$00 439,406.32
Local Agency
Investment Fund State
Pool

1.000 3.81% (439,406.32) 0.00 (439,406.32) 0.00
Purchase 06/30/2026 90LAIF$00 5,000,000.00
Local Agency
Investment Fund State
Pool

1.000 3.82% (5,000,000.00) 0.00 (5,000,000.00) 0.00
Total Purchase 5,439,406.32 (5,439,406.32) 0.00 (5,439,406.32) 0.00 TOTAL
ACQUISITIONS 5,439,406.32 (5,439,406.32) 0.00 (5,439,406.32) 0.00 43 366

IMPORTANT DISCLOSURES
2026 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

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

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

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “as is” basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.

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

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

BENCHMARK DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 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. 45 368
Agenda Item
Orange City Council
Item #: 3.9. 8/11/2026 File #: 26-0460
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Nathalie Adourian, City Attorney

1. SUBJECT
Response to the 2025-2026 Orange County Grand Jury Report, “Wildfires Hit Home”

2. SUMMARY
The 2025-2026 Orange County Grand Jury issued its report entitled “WildfiresHit Home.”The City of Orange is required to respond to certain findings and recommendations contained in the report. The City’s proposed responses are presented to the City Council for consideration and approval.

3. RECOMMENDED ACTION
Approve the City of Orange’s response to the 2025-2026 Orange County Grand Jury Report, “Wildfires Hit Home,” and authorize the Mayor to execute the response on behalf of the City Council.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 1: Maintain and Enhance Public Safety.

6. DISCUSSION AND BACKGROUND
The 2025-2026 Orange County Grand Jury issued the report “Wildfires Hit Home,” which includes findings and recommendations directed to cities and fire service agencies throughout Orange County.

The City of Orange is required to respond to Findings F1 through F6 and Recommendations R2 through R4.

Pursuant to California Penal Code Sections 933 and 933.05, the City Council is required to respond to the findings and recommendations pertaining to matters under its control. The proposed City response is attached for the City Council’s consideration and approval.

Upon approval, the response will be submitted to the Presiding Judge of the Orange County Superior Court as required by law.

7. ENVIRONMENTAL REVIEW
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Item #: 3.9. 8/11/2026 File #: 26-0460
The proposed action is not subject to the California Environmental Quality Act (CEQA) because it does not constitute a “project” within the meaning of CEQA Guidelines Section 15378, as it will not result in a direct or reasonably foreseeable indirect physical change in the environment.

8. ATTACHMENTS
· Proposed City of Orange Response to the 2025-2026 Orange County Grand Jury Report, “Wildfires Hit Home”
· 2025-2026 Orange County Grand Jury Report, “Wildfires Hit Home” City of Orange Printed on 8/6/2026Page 2 of 2
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370
Agenda Item
Orange City Council
Item #: 3.9. 8/11/2026 File #: 26-0460
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Nathalie Adourian, City Attorney

1. SUBJECT
Response to the 2025-2026 Orange County Grand Jury Report, “Wildfires Hit Home”

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 1: Maintain and Enhance Public Safety.

The City of Orange is required to respond to Findings F1 through F6 and Recommendations R2 through R4.

Upon approval, the response will be submitted to the Presiding Judge of the Orange County Superior Court as required by law.

7. ENVIRONMENTAL REVIEW
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Item #: 3.9. 8/11/2026 File #: 26-0460
The proposed action is not subject to the California Environmental Quality Act (CEQA) because it does not constitute a “project” within the meaning of CEQA Guidelines Section 15378, as it will not result in a direct or reasonably foreseeable indirect physical change in the environment.

Office of Mayor PHONE: (714) 744-2211 • FAX: (714) 744-5523 www.cityoforange.org

August 12, 2026

The Honorable Sheila F. Hanson
Presiding Judge of the Superior Court
700 Civic Center Drive West
Santa Ana, CA 92701

Re: Response to the 2025-2026 Orange County Grand Jury Report “Wildfires Hit Home”

Dear Honorable Judge Hanson:

The following is the City of Orange’s response to the findings and recommendations contained in the Orange County Grand Jury Report, “Wildfires Hit Home.” The City of Orange is required to respond to Findings F-1 through F-6 and Recommendations R-2 through R-4.

FINDINGS:

F-1. More frequent and severe wildfires driven by increasingly hotter, drier, and windier conditions in the Orange County wildland-urban interface are escalating impacts on financial and non-financial resources. Among the financial costs are dramatic increases in homeowners’ insurance premiums, non-renewals, and inability to obtain insurance.

City's Response: The City agrees with the finding. The City of Orange maintains a proactive, long-standing commitment to wildfire mitigation. For more than 35 years, the City has established and rigorously maintained extensive fuel modification zones beginning with City designated High Fire Hazard Zones and now in the Local Responsibility Area Very High Fire Hazard Severity Zones. In addition, the City of Orange Fire Department enforces bi-annual inspections on 350 parcels for brush vegetation and vegetation clearance in multiple areas not designated by state maps. The majority of these areas have been identified over the years of concern due to proximity to high fire hazard areas in the east-end of the city.

As wildfire risks continue to impact both the state economy and the financial well -being of residents in the City of Orange, the City actively collaborates with residents, HOAs, and landscaping companies to mitigate these hazards. These ongoing efforts are designed to reduce local wildfire risk, enhance community resilience, and support the continued insurability of local homes.

373
300 E. CHAPMAN A VENUE • ORANGE, CA 92866-1506
August 12, 2026

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Orange City CouncilAugust 11, 2026

Orange City Council
August 11, 2026