Investment Performance Review
For the Quarter Ended March 31, 2026
Client Management Team PFM Asset Management A division of U.S. Bancorp Asset Management, Inc 213 Market Street
Harrisburg, PA 17101-2141
717-232-2723
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public City of San Leandro
1 California Street Ste. 1000
San Francisco, CA 94111-5411
415-393-7270
Monique Spyke, Managing DirectorAllison Kaune, Relationship ManagerJohn Zhang, CFA, Portfolio Manager Shelly Ilgenfritz, Key Account Manager
Exhibit A
PFM Asset Management | pfmam.com
Market Update
2 Current Market Themes
Source: Details on market themes and economic indicators provided throughout the body of the presentation. Bloomberg Finance L.P., as of March 31, 2026. ▸ Geopolitics has overtaken U.S. macro fundamentals as the market’s primary focus ▹ Conflict in Iran has increased near-term inflation risks due to higher commodity prices▹ Unemployment rate remains stable with net new job creation near zero▹ Consumer spending and business investment continue to support growth, though momentum is slowing
▸ The Federal Reserve paused during both meetings in Q1, keeping rates at 3.50-3.75% ▹ The median “dot plot” projection continues to show one 25 basis point cut in 2026, though individual projections showed less easing
▹ Fed Chair Powell acknowledged the path forward is complicated by geopolitical uncertainty, making it more difficult for the Fed to balance its dual mandate ▸ Rising front-end yields unwound the inversion in the Treasury curve ▹ Rate cut expectations were pushed further out, lifting front-end yields ▹ Escalating Middle East conflict drove a spike in volatility ▹ Credit spreads widened from historically tight levels amid heavy supply and geopolitical pressure
City of San Leandro
For the Quarter Ended March 31, 2026
Market Update
PFM Asset Management | pfmam.com
3 Source: Bloomberg Finance L.P., as of March 31, 2026. Market implied inflation expectations shown using 1-year and 5-year inflation swaps. ▸ Closure of the Strait of Hormuz creates a
supply shock
▹ Higher oil prices pressure agricultural
and industrial inputs
▹ Duration of price shock more important
than magnitude
▸ Federal Reserve likely to remain on hold as
it assesses evolving risks
▹ Headline inflation expected to rise
though uncertainty remains regardingpassthrough to core inflation and labormarkets ▹ Fed to look through supply-side energy
shock if inflation expectations remainanchored
44%
61%
55%
34% 32%
0%
25%50%75%
Brent Crude
$96.79
Nat. Gas (Eur)
€55.28
Urea Ammonia Polyethylene
Price Change of Energy Commodities*
Since February 27
3.2%
2%3%
4%
Jan-25 Apr-25 Jul-25 Oct-25 Jan-26
Hundreds
Forward Inflation Expectations
January 1, 2025 to March 31, 2026
1-year 5-year
*Brent Crude are quoted in dollars per barrel based on the front-month futures contract. Natural gas prices are quoted in euros per megawatt-hour. Ammonia, and urea prices are based on the front-month exchange-traded futures contract. Polyethylene is price are based on the active exchange-tradedfutures contract.
Market Pricing Conflict In Iran
City of San Leandro
For the Quarter Ended March 31, 2026
Market Update
PFM Asset Management | pfmam.com
4 Source: FOMC Chair Jerome Powell Press Conference, March 18, 2026. Bureau of Labor Statistics and Bloomberg Finance L.P. CPI Inflation as of February 2026 and Unemployment Rate as of March 2026. Survey responses after March 27, 2026, included in mean and forecast range for CPI Inflation and Unemployment Rate. Shading represents the central 80% of the forecasts.
Fed Chair Powell: “What we have is some tension between the goals, and we’re trying to manage our way through it.”
Macro Data Takes a Back Seat
2Q26
3.3% 4Q26
3.1%
2Q27
2.2%
Feb ‘26
2.4%
1%2
%
3%4%5%6
%
Mar-23 Mar-24 Mar-25 Mar-26 Mar-27
CPI Inflation (YoY)
Mean Forecast Actual
2Q26
4.5%
4Q26
4.5%
2Q27
Mar ‘26 4.4%
4.3%
3 %
4 %
5%
Mar-23 Mar-24 Mar-25 Mar-26 Mar-27
Unemployment Rate
Mean Forecast Actual
City of San Leandro
For the Quarter Ended March 31, 2026
Market Update
PFM Asset Management | pfmam.com
5 Fed Chair Powell: “[I]f we have a long period of much higher gas prices, that is going to weigh on consumption… Meanwhile, the economy is solid… It’s just we don't know what the effects of this will be.” U.S. Growth Forecasts Remain Steady
-0.6%
3.8%
4.4%
0.5%
2.4%
1.8% 1.9% 2.0%
-6%-4%-2%
0%2%4%6%8%
2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 2026Q3 2026Q4 U.S. Real GDP Contributors and Detractors
Personal Consumption Fixed InvestmentPrivate Inventories Net ExportsGov't Expenditures Forecast Range Forecast Median
Source: FOMC Chair Jerome Powell Press Conference, March 18, 2026. Bloomberg Finance L.P. and Bureau of Economic Analysis, as of December 2025 (left). Survey responses after March 27, 2026, included in Median and forecast range. Shading represents the central 80% of the forecasts (right).
City of San Leandro
For the Quarter Ended March 31, 2026
Market Update
PFM Asset Management | pfmam.com
6 2.4% 2.3% 2.1% 2.0%
0%1%2%3%
2026 2027 2028 Longer
Run
Change in Real GDP
Dec Projections Mar Projections
4.4% 4.3% 4.2% 4.2%
0%1%2%3%4%5%6%
2026 2027 2028 Longer
Run
Unemployment Rate
Dec Projections Mar Projections
2.7%
2.2% 2.0% 2.0%
0%1%2%3%4%
2026 2027 2028 Longer
Run
PCE Inflation
Dec Projections Mar Projections
3.4% 3.1% 3.1% 3.1%
0%1%2%3%4%5%
2026 2027 2028 Longer
Run
Federal Funds Rate
Dec Projections Mar Projections
Fed’s Updated Summary of Economic Projections
Fed Chair Powell: “The economic effect could be bigger, they could be smaller … We just don’t know. People are writing down what seems to make sense to them but have no conviction.” Source: FOMC Chair Jerome Powell Press Conference, March 18, 2026. Federal Reserve, latest median economic projections, as of March 2026.
City of San Leandro
For the Quarter Ended March 31, 2026
Market Update
PFM Asset Management | pfmam.com
7 Fed Chair Powell: “We feel like the framework calls to balance the risks. We feel where we are now is on the higher borderline of restrictive versus not restrictive, we feel like that is the right place to be.” 2026 2027 2028
The Latest Fed “Dot Plot”
Longer Term
1 cut 1 cut 0 cuts 3.1%
Source: FOMC Chair Jerome Powell Press Conference, March 18, 2026. Federal Reserve; Bloomberg Finance L.P. Individual dots represent each Fed members’ judgement of the midpoint of the appropriate target range for the federal funds rate at each year-end. As of March 2026.
Fed Participants’ Assessments of ‘Appropriate’ Monetary Policy 5% 4%3%2%1%0%
City of San Leandro
For the Quarter Ended March 31, 2026
Market Update
PFM Asset Management | pfmam.com
8 Source: Bloomberg Finance L.P., as of March 31, 2026.
Treasury Yields Reach 8-Month High
3.00%3.25%3.50%3.75%4.00%
Dec-25 Jan-26 Feb-26 Mar-26
2-Year U.S. Treasury Yield
December 31, 2025 – March 31, 2026
Feb 5thWeak labor market data
+42 bps
Feb 28th– March 31st U.S. and Israeli strikes In Iran result in the closure of the Strait of Hormuz Jan 9th
Unemployment rate beats expectations and falls to 4.4%
City of San Leandro
For the Quarter Ended March 31, 2026
Market Update
PFM Asset Management | pfmam.com
9 3.79%
0%1%
2%3%4%5%
6%
2006 2011 2016 2021 2026
2-Year Treasury Yield
2-Year Treasury 5-Year Avg 10-Year Avg 20-Year Avg
Source: Bloomberg Finance L.P., as of March 31, 2026.
3.39%2.39%1.89%
Treasury Yields Remain Above Historical Averages
City of San Leandro
For the Quarter Ended March 31, 2026
Market Update
PFM Asset Management | pfmam.com
10 Source: Bloomberg Finance L.P., as of March 31, 2026.
3.67%
3.79%
3.94%
4.13%
4.32%
4.91%
3.00%3.50%4.00%4.50%5.00%5.50%
Yield
Maturity
U.S. Treasury Yield Curve
1 Year RangeMarch 31, 2026December 31, 2025
3mo 2yr 5yr 7yr 10yr 20yr 30yr
Treasury Yields Rise Across the Curve
City of San Leandro
For the Quarter Ended March 31, 2026
Market Update
PFM Asset Management | pfmam.com
11 -20
0 20406080
100
Federal
Agency
Agency
CMBS
Mortgage
Backed
AAA Auto
ABS
AAA Credit
Card ABS
AAA
Corp
AA
Corp
A
Corp
BBB
Corp
1-5 Year Yield Spreads
2026 Range 3/31/2026 2/28/2026
Source: ICE BofA 1-5 year Indices via Bloomberg Finance L.P. as of March 31, 2026. Spreads on ABS and MBS are option-adjusted spreads based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries. CMBS is Commercial Mortgage-Backed Securities and represented by the ICE BofA Agency CMBS Index.
Sector Yield Spreads
City of San Leandro
For the Quarter Ended March 31, 2026
Market Update
PFM Asset Management | pfmam.com
12 Source: ICE BofA Indices. ABS indices are 0-5 year, based on weighted average life. As of March 31, 2026. 1-5 Year Indices
Fixed-Income Index Total Returns in 1Q 2026
3.86% 3.95%
4.53% 4.66%
5.08%
0%2%4%6%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
1-Year Return
0.19% 0.35%
0.63%
0.14% 0.08%
0%2%4%6%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
First Quarter 2026 Returns
City of San Leandro
For the Quarter Ended March 31, 2026
Market Update
PFM Asset Management | pfmam.com
13 Statements and opinions expressed about the next 6-12 months were developed based on our independent research with information obtained from Bloomberg Finance L.P. and FactSet. The views expressed within this material constitute the perspective and judgment of PFM Asset Management at the time of distribution (3/31/2026) and are subject to change. Information is obtained from sources generally believed to be reliable and available to the public; however, PFM Asset Management cannot guarantee its accuracy, completeness, or suitability.
Monetary Policy (Global):• The Fed held rates steady in Q1 amid persistent inflation pressures and limited net job creation.
• Policymakers acknowledged the path forward is
complicated, with geopolitical uncertainty addingadditional strain to the Fed’s dual mandate. • The “dot plot” projects 25 bps of rate cuts in both
2026 and 2027; however, this is predicated oninflation progress. • Global central banks remained on pause in Q1 but
energy inflation pressures may necessitate hikes.
Economic Growth (Global):• Stable consumer and business spending support growth, offsetting the weakness seen from the U.S.government shutdown in Q4 GDP. • Fiscal support and AI investment should aid growth;
however, a prolonged conflict in Iran may weigh onconsumer discretionary spending. • Risks to global growth prospects have increased
amid the escalating conflict due to higher energyprices, supply-chain disruptions, and increaseduncertainty.
Inflation (U.S.): • The inflation outlook depends on the duration of the Middle East conflict and the degree to which higherenergy and commodity costs raise core goods andservices prices. • Inflation remains sticky with limited progress on core services and continuing pressure from tariffspassthroughs. • Near-term inflation expectations have increased due
to the higher energy prices while long-runexpectations remain anchored.
Financial Conditions (U.S.):• Corporate fundamentals and underlying demand remain strong. Spread widening has improvedvaluations, though the sector is still rich from ahistoric perspective. • The conflict in the Middle East has tightened financial conditions. The duration of the conflict and its impacton the economy will be a key driver of corporatefundamentals. • Geopolitical conflict, higher oil prices, and the
evolution of the economy are key risks. At this timewe view volatility in private credit as contained andnot a systemic risk.
Consumer Spending (U.S.): • Modest job growth and inflationary pressures continue to weigh on consumer sentiment. Higherenergy and food prices will likely drive consumersentiment lower. • Wage growth continues to exceed inflation, but this
gap has narrowed. Energy shocks may compressreal incomes and reduce discretionary spending. • Lower-income cohorts remained more exposed to
higher energy prices as a larger share of householdbudgets are allocated to essentials. • Higher-income cohorts benefit from strong equity
markets and home price appreciation in recent years.
Labor Markets (U.S.):• Labor market conditions continued to cool with net new job creation close to zero.
• The unemployment rate remained unchanged as
lower job creation was offset by a reduction in thepace of labor force growth. • The Fed has framed the combination of limited job
growth and a stable unemployment rate as anuncomfortable balance. • Initial jobless claims and layoff rates remain low,
consistent with a continued “low-hire/low-fire”environment.
Stance Unfavorable
to Risk Assets
Stance Favorable
to Risk Assets Current outlook Outlook one quarter ago Negative Slightly Negative Neutral Slightly Positive Positive Factors to Consider for 6-12 Months
City of San Leandro
For the Quarter Ended March 31, 2026
Market Update
PFM Asset Management | pfmam.com
14 PFM Asset Management | pfmam.com
Portfolio Review:
CITY OF SAN LEANDRO INVESTMENT FUNDS
15 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Snapshot
Yield and duration calculations exclude cash and cash equivalents. Sector allocation includes market values and accrued interest.The portfolio’s benchmark is the ICE BofA 0-5 Year U.S. Treasury Index. Source: Bloomberg Financial LP.
An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio.
1. Portfolio Snapshot - CITY OF SAN LEANDRO INVESTMENT FUNDS¹ Credit Quality - S&P
24% 22%
31%
16%
7%
26% 27%
22%
16%
8%
0%5%
10%15%20%25%30%35%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 32%Corporate | 28%
Agency CMBS | 13%ABS | 12%
Federal Agency | 6%Commercial Paper | 4%Negotiable CD | 3%Supranational | 2% Sector Allocation
AAA | 10%AA+ | 55%AA | 2%AA- | 2%A-1+ | 1%A+ | 7%A | 6%A- | 5%A-1 | 5% BBB+ | 1%
A-2 | 1%
Not Rated | 3%
Portfolio Statistics
Portfolio Effective Duration 2.10 years
Benchmark Effective Duration 2.02 yearsPortfolio Credit Quality AA Yield At Market 4.07%
Yield At Cost 4.08%
Total Market Value $163,967,194.15
Securities Sub-Total $162,787,918.00Cash $117,794.94
Accrued Interest $1,061,481.21
16 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Characteristics
$0.0
$34.0$68.0
$102.0$136.0$170.0
Millions
$0.0
$34.0$68.0
$102.0$136.0$170.0
Millions
March 2026
$0.0
$34.0$68.0
$102.0$136.0$170.0
Millions
December 2025
$0.0
$34.0$68.0
$102.0$136.0$170.0
Millions
September 2025
Sector Allocation Review
U.S. Treasury Federal Agency Agency CMBS Supranational Negotiable CD Commercial Paper Corporate ABS Market values, excluding accrued interest. Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. Detail may not add to total due to rounding.
Security Type Sep-25 % of Total Dec-25 % of Total Mar-26 % of Total U.S. Treasury $86.6 51.6% $65.7 40.9% $52.7 32.3%Federal Agency $26.3 15.6% $20.0 12.4% $10.4 6.4% Agency CMBS $4.9 2.9% $9.4 5.8% $21.2 13.1%
Supranational $2.4 1.4% $3.0 1.9% $3.0 1.8%Negotiable CD $0.0 0.0% $0.0 0.0% $4.9 3.0%Commercial Paper $1.7 1.0% $3.4 2.1% $6.6 4.1%Corporate $25.8 15.3% $38.0 23.6% $45.1 27.7% ABS $20.4 12.2% $21.5 13.3% $18.9 11.6%
Total $168.1 100.0% $161.0 100.0% $162.8 100.0%
17 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Portfolio Activity
Net Activity by Sector
($ millions)
U.S. TreasuryFederal Agency
ABS
Commercial PaperNegotiable CD
Corporate
Agency CMBS
U.S. Treasury
Federal Agency
ABS
Commercial Paper
Negotiable CD
Corporate
Agency CMBS
($40.0) ($20.0) $0.0 $20.0 $40.0
Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding.
Sector Net Activity
Agency CMBS $11,974,740
Corporate $7,289,995Negotiable CD $4,875,000Commercial Paper $3,167,827 ABS ($2,419,485)
Federal Agency ($9,727,257)U.S. Treasury ($12,836,858)Total Net Activity $2,323,963 Sales/Maturities Purchases
18 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Performance
1. The lesser of 10 years or since inception is shown. Since inception returns for periods one year or less are not shown. Performance inception date is September 30, 2025.2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.3. Returns for periods one year or less are presented on a periodic basis. Returns for periods greater than one year are presented on an annualized basis.4. The portfolio’s benchmark is the ICE BofA 0-5 Year U.S. Treasury Index. Source: Bloomberg Financial LP.
0.0%0.1%0.2%0.3%0.4%0.5%
Return
Portfolio Benchmark
Portfolio Performance
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years Since Inception¹ Interest Earned² $1,568,183 - - - - Change in Market Value ($905,494) - - - - Total Dollar Return $662,689 - - - - Total Return³
Portfolio 0.41% - - - - Benchmark⁴ 0.33% - - - - 3 Months 1 Year 3 Years 5 Years Since Inception 19 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Performance
1. The lesser of 10 years or since inception is shown. Performance inception date is September 30, 2025.2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.3. Realized gains / (losses) are shown on an amortized cost basis.
Accrual Basis Earnings
Accrual Basis EarningsInterest Earned²Realized Gains / (Losses)³Change in Amortized CostTotal Earnings 3 Months
$1,568,183
$207,144
$108,026
$1,883,353
1 Year---- 3 Years---- 5 Year---- Since Inception¹ $3,232,195 $536,303 $206,793 $3,975,291 20 PFM Asset Management | pfmam.com
Portfolio Holdings and Transactions
21 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Summary
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings,excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balancesinvested in overnight funds.
Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchU.S. Treasury 32.4% United States Treasury 32.4% AA / Aa / AA
Federal Agency 6.4%
Federal Home Loan Banks 6.4% AA / Aa / NR
Agency CMBS 13.0%
Federal Home Loan Mortgage Corp 13.0% AA / Aa / AA
Supranational 1.8%
Inter-American Development Bank 1.0% AAA / Aaa / NRInternational Finance Corp 0.9% AAA / Aaa / NR Negotiable CD 3.0%
Bank of Nova Scotia 1.0% A / Aa / AARoyal Bank of Canada 1.0% AA / Aa / AAToronto-Dominion Bank 1.0% A / Aa / AA Commercial Paper 4.0%
Barclays PLC 1.0% A / NR / ACharles Schwab Corp 1.0% BBB / Aa / AUBS Group AG 1.9% A / NR / A Corporate 27.7%
Abbott Laboratories 0.8% A / Aa / NRAdobe Inc 1.2% A / A / NRAlphabet Inc 1.6% AA / Aa / NRAmazon.com Inc 1.0% AA / A / AAAmerican Express Co 0.5% A / A / AAstraZeneca PLC 0.6% A / A / NR Bank of America Corp 0.5% A / A / AA
Bank of New York Mellon Corp 1.4% A / Aa / AA
Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 27.7% Bayerische Motoren Werke AG 0.5% A / A / NRCisco Systems Inc 0.8% AA / A / NRCitigroup Inc 0.5% A / Aa / ADepository Trust & Clearing Corp 2.0% AA / Aa / NRDTE Energy Co 0.5% A / Aa / AGoldman Sachs Group Inc 0.7% BBB / A / AHome Depot Inc 0.4% A / A / AIntuit Inc 0.3% A / A / NRJPMorgan Chase & Co 1.4% A / A / AAKLA Corp 1.0% A / A / AMercedes-Benz Group AG 0.5% A / A / NRMerck & Co Inc 0.6% A / Aa / NRMeta Platforms Inc 0.5% AA / Aa / NRMorgan Stanley 1.5% A / A / ANational Rural Utilities Cooperative Fi 1.0% A / A / A Novartis AG 0.9% AA / Aa / NRPACCAR Inc 0.2% A / A / NRPNC Financial Services Group Inc 0.5% A / A / ARealty Income Corp 1.3% A / A / NRRoche Holding AG 0.8% AA / Aa / AASalesforce Inc 1.5% A / A / NRToyota Motor Corp 1.3% A / A / ATruist Financial Corp 1.0% A / A / A UBS Group AG 0.3% A / Aa / AWells Fargo & Co 0.2% BBB / A / A 22 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Summary
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings,excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balancesinvested in overnight funds.
Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchABS 11.6% Ally Auto Receivables Trust 0.2% AAA / NR / AAAAmerican Express Co 0.4% AAA / NR / AAA BA Credit Card Trust 0.6% AAA / Aaa / NR
BMW Vehicle Lease Trust 1.0% AAA / Aaa / AAACapital One Financial Corp 0.9% AAA / NR / AAAChase Auto Owner Trust 0.5% NR / Aaa / AAA Ford Credit Auto Owner Trust 0.7% AAA / Aaa / AAAGM Financial Consumer Automobile Receiv 0.2% AAA / Aaa / AAAGM Financial Leasing Trust 0.3% AAA / NR / AAAHonda Auto Receivables Owner Trust 0.5% AAA / Aaa / AAAHyundai Auto Lease Securitization Trust 0.3% AAA / NR / AAAHyundai Auto Receivables Trust 1.2% AAA / NR / AAAJohn Deere Owner Trust 0.4% NR / Aaa / AAA JPMorgan Chase & Co 0.8% AAA / NR / AAAKubota Credit Owner Trust 0.2% NR / Aaa / AAAMercedes-Benz Auto Lease Trust 0.3% NR / Aaa / AAAMercedes-Benz Auto Receivables Trust 0.0% AAA / NR / AAAT-Mobile US Trust 0.9% NR / Aaa / AAAToyota Auto Receivables Owner Trust 0.3% AAA / NR / AAAToyota Lease Owner Trust 1.3% AAA / Aaa / AAAUSAA Auto Owner Trust 0.2% AAA / Aaa / NR Volkswagen Auto Lease Trust 0.5% AAA / NR / AAA
Total 100.0%
23 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY N/BDTD 03/31/2022 2.500% 03/31/2027
91282CEF4 1,350,000.00 AA+ Aa1 8/18/2022 8/19/2022 1,317,673.83 3.06 92.21 1,342,624.82 1,334,137.50 US TREASURY N/BDTD 04/15/2024 4.500% 04/15/2027
91282CKJ9 3,000,000.00 AA+ Aa1 4/26/2024 4/29/2024 2,971,992.19 4.84 62,307.69 2,989,727.64 3,022,839.00 US TREASURY N/BDTD 05/15/2017 2.375% 05/15/2027
912828X88 3,000,000.00 AA+ Aa1 12/15/2022 12/16/2022 2,838,164.06 3.71 26,964.78 2,956,388.68 2,952,891.00 US TREASURY N/BDTD 07/15/2024 4.375% 07/15/2027
91282CKZ3 400,000.00 AA+ Aa1 7/30/2024 7/31/2024 402,218.75 4.17 3,674.03 401,001.19 402,718.80 US TREASURY N/BDTD 08/31/2022 3.125% 08/31/2027
91282CFH9 4,000,000.00 AA+ Aa1 5/29/2024 5/30/2024 3,802,500.00 4.78 10,869.57 3,910,477.93 3,960,780.00 US TREASURY N/BDTD 09/30/2022 4.125% 09/30/2027
91282CFM8 500,000.00 AA+ Aa1 12/15/2022 12/16/2022 510,390.63 3.65 56.35 503,445.41 502,051.00 US TREASURY N/BDTD 09/30/2022 4.125% 09/30/2027
91282CFM8 1,000,000.00 AA+ Aa1 7/30/2024 7/31/2024 999,570.31 4.14 112.70 999,790.14 1,004,102.00 US TREASURY N/BDTD 11/30/2022 3.875% 11/30/2027
91282CFZ9 1,000,000.00 AA+ Aa1 12/15/2022 12/16/2022 1,011,992.19 3.61 12,987.64 1,004,266.44 1,000,586.00 US TREASURY N/BDTD 11/30/2022 3.875% 11/30/2027
91282CFZ9 2,000,000.00 AA+ Aa1 6/14/2023 6/15/2023 1,986,015.63 4.05 25,975.27 1,994,489.99 2,001,172.00 US TREASURY N/BDTD 01/31/2023 3.500% 01/31/2028
91282CGH8 2,500,000.00 AA+ Aa1 2/23/2023 2/24/2023 2,428,417.97 4.15 14,502.76 2,471,694.79 2,485,742.50 US TREASURY N/BDTD 03/02/2026 3.375% 02/29/2028
91282CQB0 2,300,000.00 AA+ Aa1 3/13/2026 3/16/2026 2,284,816.41 3.73 6,750.00 2,285,147.10 2,281,850.70 US TREASURY N/BDTD 03/02/2026 3.375% 02/29/2028
91282CQB0 700,000.00 AA+ Aa1 3/12/2026 3/13/2026 695,132.81 3.74 2,054.35 695,257.71 694,476.30 US TREASURY N/BDTD 03/31/2023 3.625% 03/31/2028
91282CGT2 1,000,000.00 AA+ Aa1 6/14/2023 6/15/2023 983,437.50 4.01 99.04 992,712.90 996,367.00 US TREASURY N/BDTD 03/31/2023 3.625% 03/31/2028
91282CGT2 500,000.00 AA+ Aa1 5/9/2023 5/10/2023 502,539.06 3.51 49.52 501,090.22 498,183.50 US TREASURY N/BDTD 04/15/2025 3.750% 04/15/2028
91282CMW8 1,750,000.00 AA+ Aa1 3/26/2026 3/31/2026 1,740,908.20 4.02 30,288.46 1,740,923.04 1,747,607.75 24 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Holdings
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY N/BDTD 06/30/2023 4.000% 06/30/2028
91282CHK0 2,500,000.00 AA+ Aa1 2/12/2025 2/13/2025 2,466,503.91 4.43 25,138.12 2,477,165.52 2,510,450.00 US TREASURY N/BDTD 09/15/2025 3.375% 09/15/2028
91282CNY3 175,000.00 AA+ Aa1 9/12/2025 9/15/2025 174,254.88 3.53 272.84 174,384.93 173,195.40 US TREASURY N/BDTD 10/15/2025 3.500% 10/15/2028
91282CPC9 265,000.00 AA+ Aa1 12/2/2025 12/3/2025 264,730.86 3.54 4,280.77 264,760.78 262,940.16 US TREASURY N/BDTD 01/31/2024 4.000% 01/31/2029
91282CJW2 300,000.00 AA+ Aa1 2/27/2025 2/28/2025 298,851.56 4.11 1,988.95 299,152.86 301,359.30 US TREASURY N/BDTD 02/17/2026 3.500% 02/15/2029
91282CQA2 1,375,000.00 AA+ Aa1 3/2/2026 3/5/2026 1,377,309.57 3.44 5,982.39 1,377,254.95 1,363,076.00 US TREASURY N/BDTD 05/15/2019 2.375% 05/15/2029
9128286T2 2,500,000.00 AA+ Aa1 9/4/2025 9/5/2025 2,395,996.09 3.59 22,470.65 2,411,212.99 2,393,555.00 US TREASURY N/BDTD 07/01/2024 4.250% 06/30/2029
91282CKX8 1,000,000.00 AA+ Aa1 3/26/2025 3/27/2025 1,006,093.75 4.09 10,683.70 1,004,738.02 1,012,109.00 US TREASURY N/BDTD 06/30/2022 3.250% 06/30/2029
91282CEV9 1,300,000.00 AA+ Aa1 9/3/2025 9/4/2025 1,282,988.28 3.62 10,620.86 1,285,390.93 1,276,386.80 US TREASURY N/BDTD 07/01/2024 4.250% 06/30/2029
91282CKX8 1,500,000.00 AA+ Aa1 1/28/2025 1/29/2025 1,494,082.03 4.35 16,025.55 1,495,547.73 1,518,163.50 US TREASURY N/BDTD 08/31/2022 3.125% 08/31/2029
91282CFJ5 1,650,000.00 AA+ Aa1 9/4/2025 9/5/2025 1,620,802.74 3.61 4,483.70 1,624,756.93 1,611,134.25 US TREASURY N/BDTD 09/30/2024 3.500% 09/30/2029
91282CLN9 500,000.00 AA+ Aa1 9/3/2025 9/4/2025 497,636.72 3.63 47.81 497,949.73 493,984.50 US TREASURY N/BDTD 10/31/2024 4.125% 10/31/2029
91282CLR0 1,240,000.00 AA+ Aa1 1/20/2026 1/21/2026 1,256,081.25 3.75 21,477.35 1,255,316.58 1,250,171.72 US TREASURY N/BDTD 12/02/2024 4.125% 11/30/2029
91282CMA6 2,500,000.00 AA+ Aa1 9/4/2025 9/5/2025 2,548,925.78 3.62 34,563.87 2,542,768.29 2,520,702.50 US TREASURY N/BDTD 01/31/2023 3.500% 01/31/2030
91282CGJ4 2,125,000.00 AA+ Aa1 11/3/2025 11/6/2025 2,109,477.54 3.69 12,327.35 2,110,848.08 2,095,449.75 US TREASURY N/BDTD 02/28/2023 4.000% 02/28/2030
91282CGQ8 2,275,000.00 AA+ Aa1 9/3/2025 9/4/2025 2,307,703.13 3.65 7,913.04 2,303,794.95 2,283,619.98 US TREASURY N/BDTD 06/02/2025 4.000% 05/31/2030
91282CNG2 1,900,000.00 AA+ Aa1 9/3/2025 9/4/2025 1,927,980.47 3.66 25,472.53 1,924,850.09 1,906,456.20 US TREASURY N/BDTD 07/31/2025 3.875% 07/31/2030
91282CNN7 1,025,000.00 AA+ Aa1 8/28/2025 8/29/2025 1,033,047.85 3.70 6,583.22 1,032,161.96 1,023,278.00 25 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Holdings
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY N/BDTD 08/31/2023 4.125% 08/31/2030
91282CHW4 900,000.00 AA+ Aa1 10/1/2025 10/6/2025 917,753.91 3.68 3,228.26 916,127.10 906,925.50 US TREASURY N/BDTD 10/31/2025 3.625% 10/31/2030
91282CPD7 200,000.00 AA+ Aa1 12/1/2025 12/4/2025 200,085.94 3.61 3,044.20 200,081.20 197,414.00 US TREASURY N/BDTD 11/30/2023 4.375% 11/30/2030
91282CJM4 450,000.00 AA+ Aa1 2/2/2026 2/4/2026 461,425.78 3.79 6,598.56 461,093.40 458,138.70 US TREASURY N/BDTD 12/31/2025 3.625% 12/31/2030
91282CPR6 775,000.00 AA+ Aa1 2/24/2026 2/25/2026 776,029.30 3.59 7,062.24 776,013.18 764,464.65 US TREASURY N/BDTD 02/29/2024 4.250% 02/28/2031
91282CKC4 875,000.00 AA+ Aa1 3/5/2026 3/11/2026 894,516.60 3.75 3,233.70 894,312.78 886,347.87 US TREASURY N/BDTD 02/29/2024 4.250% 02/28/2031
91282CKC4 600,000.00 AA+ Aa1 3/25/2026 3/26/2026 606,914.06 3.99 2,217.39 606,894.24 607,781.40 Security Type Sub-Total 52,930,000.00 52,394,961.54 3.93 432,501.42 52,725,615.22 52,702,609.23 Supranational
INTL FINANCE CORPDTD 12/06/2023 4.375% 01/15/2027
45950KDF4 1,415,000.00 AAA Aaa 11/29/2023 12/6/2023 1,410,387.10 4.49 13,069.10 1,413,770.79 1,420,604.82 INTER-AMERICAN DEVEL BKDTD 04/25/2024 4.850% 07/19/2027 45818WFN1 1,550,000.00 AAA Aaa 10/6/2025 10/8/2025 1,577,884.50 3.79 15,035.00 1,570,537.30 1,562,269.80 Security Type Sub-Total 2,965,000.00 2,988,271.60 4.12 28,104.10 2,984,308.09 2,982,874.62 Negotiable CD
TORONTO DOMINION BANK NYDTD 03/12/2026 4.000% 03/12/2027 89115M3E4 1,625,000.00 A-1 P-1 3/12/2026 3/12/2026 1,625,000.00 4.00 3,611.11 1,625,000.00 1,622,892.38 ROYAL BANK OF CANADA NYDTD 03/12/2026 4.000% 03/12/2027 78015J2H9 1,625,000.00 A-1+ P-1 3/12/2026 3/12/2026 1,625,000.00 4.00 3,611.11 1,625,000.00 1,623,256.38 BANK OF NOVA SCOTIA HOUSDTD 03/19/2026 4.030% 03/18/2027 06418NPG1 1,625,000.00 A-1 P-1 3/18/2026 3/19/2026 1,625,000.00 4.03 2,364.83 1,625,000.00 1,623,903.13 Security Type Sub-Total 4,875,000.00 4,875,000.00 4.01 9,587.05 4,875,000.00 4,870,051.89 26 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Holdings
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Federal Agency
FEDERAL HOME LOAN BANKDTD 08/04/2023 4.625% 09/11/2026
3130AWTQ3 1,750,000.00 AA+ Aa1 9/11/2023 9/12/2023 1,741,110.00 4.80 4,496.53 1,748,601.73 1,756,800.50 FEDERAL HOME LOAN BANKDTD 11/17/2023 4.625% 11/17/2026
3130AXU63 2,790,000.00 AA+ Aa1 11/16/2023 11/17/2023 2,785,061.70 4.69 48,030.63 2,788,911.53 2,805,119.01 FEDERAL HOME LOAN BANKDTD 04/11/2024 4.750% 04/09/2027
3130B0TY5 1,730,000.00 AA+ Aa1 4/10/2024 4/11/2024 1,725,432.80 4.85 39,261.39 1,728,368.43 1,747,298.27 FEDERAL HOME LOAN BANKDTD 10/25/2022 4.500% 03/10/2028
3130ATS57 2,000,000.00 AA+ Aa1 3/21/2023 3/22/2023 2,045,140.00 3.99 5,250.00 2,018,708.18 2,024,262.00 FEDERAL HOME LOAN BANKDTD 07/11/2023 4.375% 06/09/2028
3130AWMN7 2,000,000.00 AA+ Aa1 7/26/2023 7/27/2023 2,008,820.00 4.27 27,222.22 2,004,192.89 2,022,048.00 Security Type Sub-Total 10,270,000.00 10,305,564.50 4.52 124,260.77 10,288,782.76 10,355,527.78 Corporate
REALTY INCOME CORP (CALLABLE)DTD 01/23/2024 3.200% 01/15/2027 756109BZ6 2,124,000.00 A- A3 11/18/2025 11/19/2025 2,101,825.44 4.13 14,348.80 2,108,759.49 2,105,559.43 JPMORGAN CHASE & CO(CALLABLE)DTD 04/25/2017 3.540% 05/01/2028 46647PAF3 1,000,000.00 A A1 7/18/2023 7/20/2023 938,600.00 5.00 14,553.33 971,409.49 990,717.00 NATIONAL SECS CLEARING(CALLABLE)DTD 05/30/2023 5.000% 05/30/2028 637639AK1 800,000.00 AA+ Aa1 11/10/2025 11/12/2025 820,024.00 3.96 13,444.44 817,010.77 812,008.80 NATIONAL SECS CLEARING(CALLABLE)DTD 05/30/2023 5.000% 05/30/2028 637639AK1 775,000.00 AA+ Aa1 11/21/2025 11/24/2025 794,359.50 3.95 13,024.31 791,659.52 786,633.52 PNC BANK NA (CALLABLE)DTD 07/21/2025 4.429% 07/21/2028
69353RFZ6 825,000.00 A A2 10/7/2025 10/8/2025 830,007.75 4.19 7,104.85 828,695.45 824,684.85 BANK OF AMERICA CORP(CALLABLE)DTD 07/22/2022 4.948% 07/22/2028 06051GKW8 750,000.00 A- A1 9/6/2023 9/8/2023 728,677.50 5.62 7,112.75 739,184.90 754,843.50 GOLDMAN SACHS GROUP INC(CALLABLE)DTD 01/21/2026 4.148% 01/21/2029 38145GAP5 940,000.00 BBB+ A2 3/2/2026 3/3/2026 938,900.20 4.19 7,581.62 938,928.68 934,200.20 27 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Holdings
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
GOLDMAN SACHS GROUP INC(CALLABLE)DTD 01/21/2026 4.148% 01/21/2029 38145GAP5 280,000.00 BBB+ A2 1/15/2026 1/21/2026 280,000.00 4.15 2,258.36 280,000.00 278,272.40 PACCAR FINANCIAL CORPDTD 02/05/2026 3.900% 02/05/2029
69371RU38 355,000.00 A+ A1 1/29/2026 2/5/2026 354,850.90 3.91 2,153.67 354,858.97 352,305.55 NATIONAL RURAL UTIL COOP(CALLABLE)DTD 02/05/2024 4.850% 02/07/2029 63743HFN7 800,000.00 A- A2 3/30/2026 3/31/2026 808,928.00 4.43 5,820.00 808,929.81 810,039.20
ALPHABET INC (CALLABLE)
DTD 02/13/2026 3.700% 02/15/2029
02079KBJ5 235,000.00 AA+ Aa2 2/9/2026 2/13/2026 234,146.95 3.83 1,159.33 234,183.10 232,980.41 CISCO SYSTEMS INC (CALLABLE)DTD 02/26/2024 4.850% 02/26/2029 17275RBR2 1,225,000.00 AA- A1 11/6/2025 11/7/2025 1,256,127.25 4.02 5,776.22 1,252,476.48 1,247,433.43
ASTRAZENECA FINANCE LLC
(CALLABLE)DTD 02/26/2024 4.850% 02/26/2029
04636NAL7 1,004,000.00 A+ A1 3/18/2026 3/19/2026 1,022,674.40 4.17 4,734.14 1,022,467.80 1,021,324.02 MERCK & CO INC (CALLABLE)DTD 03/07/2019 3.400% 03/07/2029 58933YAX3 965,000.00 A+ Aa3 11/21/2025 11/24/2025 948,199.35 3.97 2,187.33 949,899.66 946,338.83
ABBOTT LABORATORIES
(CALLABLE)DTD 03/09/2026 3.700% 03/09/2029
002824BR0 1,310,000.00 A+ Aa3 2/23/2026 3/9/2026 1,308,336.30 3.75 2,962.06 1,308,370.47 1,294,418.86 MERCEDES-BENZ FIN NADTD 03/10/2026 4.250% 03/10/2029
58769JBP1 755,000.00 A A2 3/5/2026 3/10/2026 754,682.90 4.27 1,871.77 754,690.05 749,548.15 SALESFORCE INC (CALLABLE)DTD 03/13/2026 4.650% 03/15/2029 79466LAR5 2,440,000.00 A+ A2 3/11/2026 3/13/2026 2,439,463.20 4.66 5,673.00 2,439,473.56 2,445,053.24 KLA CORP (CALLABLE)DTD 03/20/2019 4.100% 03/15/2029
482480AG5 1,683,000.00 A- A2 11/13/2025 11/14/2025 1,684,127.61 4.08 3,066.80 1,684,007.12 1,675,998.72 NATIONAL RURAL UTIL COOP(CALLABLE)DTD 01/31/2019 3.700% 03/15/2029 637432NS0 900,000.00 A- A1 1/8/2026 1/9/2026 890,559.00 4.05 1,480.00 891,195.77 882,709.20 UBS AG STAMFORD CT (CALLABLE)DTD 03/16/2026 4.302% 03/16/2029 90261AAG7 490,000.00 A+ Aa2 3/11/2026 3/16/2026 490,000.00 4.30 878.33 490,000.00 489,366.43 HOME DEPOT INC (CALLABLE)DTD 12/04/2023 4.900% 04/15/2029 437076CW0 585,000.00 A A2 12/3/2025 12/4/2025 601,877.25 3.97 13,217.75 600,304.53 596,094.53 NATIONAL SECS CLEARING(CALLABLE)DTD 06/26/2024 4.900% 06/26/2029 637639AM7 1,625,000.00 AA+ Aa1 10/28/2025 10/29/2025 1,676,561.25 3.96 21,012.15 1,670,978.75 1,653,782.00 28 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Holdings
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
AMERICAN EXPRESS CO (CALLABLE)
DTD 07/25/2025 4.351% 07/20/2029
025816EJ4 805,000.00 A- A2 2/3/2026 2/4/2026 809,202.10 4.19 6,907.82 808,943.55 804,425.23 CITIBANK NA (CALLABLE)DTD 08/06/2024 4.838% 08/06/2029
17325FBK3 800,000.00 A+ Aa3 3/6/2026 3/9/2026 818,472.00 4.10 5,913.11 818,153.30 810,644.80 ROCHE HOLDINGS INC (CALLABLE)DTD 09/09/2024 4.203% 09/09/2029 771196CP5 1,250,000.00 AA Aa2 10/10/2025 10/15/2025 1,256,125.00 4.06 3,210.63 1,255,434.46 1,248,417.50 MORGAN STANLEY (CALLABLE)DTD 10/22/2025 4.133% 10/18/2029 61748UAK8 600,000.00 A- A1 10/17/2025 10/22/2025 600,000.00 4.13 10,952.45 600,000.00 593,038.80 TRUIST BANK (CALLABLE)DTD 10/23/2025 4.136% 10/23/2029
89788JAH2 850,000.00 A A3 11/7/2025 11/10/2025 847,067.50 4.23 15,429.58 847,337.32 841,908.85 TRUIST BANK (CALLABLE)DTD 10/23/2025 4.136% 10/23/2029
89788JAH2 805,000.00 A A3 1/22/2026 1/23/2026 802,222.75 4.23 14,612.72 802,352.05 797,337.21 BANK OF NY MELLON CORP(CALLABLE)DTD 10/25/2023 6.317% 10/25/2029 06406RBT3 2,097,000.00 A Aa3 3/2/2026 3/5/2026 2,214,662.67 4.62 57,402.58 2,211,624.10 2,195,525.45 TOYOTA MOTOR CREDIT CORP(CALLABLE)DTD 01/09/2025 4.950% 01/09/2030 89236TNA9 2,000,000.00 A+ A1 1/14/2025 1/15/2025 1,980,780.00 5.17 22,550.00 1,985,018.94 2,032,434.00 WELLS FARGO & COMPANY(CALLABLE)DTD 01/23/2026 4.182% 01/23/2030 95000U4D2 275,000.00 BBB+ A1 1/15/2026 1/23/2026 275,000.00 4.18 2,172.32 275,000.00 272,563.50 MORGAN STANLEY (CALLABLE)DTD 01/23/2019 4.431% 01/23/2030 6174468G7 1,125,000.00 A- A1 1/23/2026 1/26/2026 1,130,186.25 4.30 9,415.88 1,129,971.42 1,119,935.25 JPMORGAN CHASE & CO(CALLABLE)DTD 01/23/2024 5.012% 01/23/2030 46647PEB8 1,250,000.00 A A1 3/26/2025 3/27/2025 1,260,637.50 4.81 11,833.89 1,258,603.95 1,267,488.75
ADOBE INC (CALLABLE)
DTD 02/03/2020 2.300% 02/01/2030
00724PAD1 1,200,000.00 A+ A1 2/5/2026 2/6/2026 1,120,164.00 4.13 4,600.00 1,123,012.45 1,109,343.60
ADOBE INC (CALLABLE)
DTD 02/03/2020 2.300% 02/01/2030
00724PAD1 250,000.00 A+ A1 2/24/2026 2/25/2026 233,912.50 4.09 958.33 234,293.06 231,113.25
ADOBE INC (CALLABLE)
DTD 02/03/2020 2.300% 02/01/2030
00724PAD1 690,000.00 A+ A1 2/9/2026 2/10/2026 644,115.00 4.13 2,645.00 645,636.61 637,872.57 MORGAN STANLEY PVT BANK(CALLABLE)DTD 02/02/2026 4.213% 02/08/2030 61776NU43 800,000.00 A+ Aa3 1/29/2026 2/2/2026 800,000.00 4.21 5,523.71 800,000.00 791,899.20 29 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Holdings
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
INTUIT INC (CALLABLE)DTD 06/29/2020 1.650% 07/15/2030
46124HAD8 530,000.00 A A3 2/18/2026 2/19/2026 475,849.90 4.22 1,846.17 477,166.08 472,183.89 NOVARTIS CAPITAL CORP(CALLABLE)DTD 11/05/2025 4.100% 11/05/2030 66989HAY4 1,490,000.00 AA- Aa3 11/3/2025 11/5/2025 1,485,530.00 4.17 24,775.39 1,485,865.29 1,473,402.89 META PLATFORMS INC (CALLABLE)DTD 11/03/2025 4.200% 11/15/2030 30303MAB8 840,000.00 AA- Aa3 11/7/2025 11/17/2025 842,847.60 4.12 14,504.00 842,652.43 831,849.48
ALPHABET INC (CALLABLE)
DTD 02/13/2026 4.100% 02/15/2031
02079KBK2 850,000.00 AA+ Aa2 2/10/2026 2/17/2026 849,192.50 4.12 4,646.67 849,212.02 844,093.35
ALPHABET INC (CALLABLE)
DTD 02/13/2026 4.100% 02/15/2031
02079KBK2 1,600,000.00 AA+ Aa2 2/10/2026 2/17/2026 1,599,248.00 4.11 8,746.67 1,599,265.16 1,588,881.60 DTE ELECTRIC CO (CALLABLE)DTD 04/06/2020 2.625% 03/01/2031 23338VAM8 885,000.00 A Aa3 3/17/2026 3/18/2026 816,501.00 4.38 1,935.94 816,954.47 812,445.05 AMAZON.COM INC (CALLABLE)
DTD 03/13/2026 4.250% 03/13/2031
023135DD5 915,000.00 AA A1 3/10/2026 3/13/2026 913,536.00 4.29 1,944.38 913,552.98 908,256.45 AMAZON.COM INC (CALLABLE)
DTD 03/13/2026 4.250% 03/13/2031
023135DD5 720,000.00 AA A1 3/11/2026 3/13/2026 718,905.60 4.28 1,530.00 718,918.56 714,693.60 BMW US CAPITAL LLC (CALLABLE)DTD 03/19/2026 4.650% 03/19/2031 05565EDH5 800,000.00 A A2 3/16/2026 3/19/2026 799,296.00 4.67 1,240.00 799,301.57 794,177.60 Security Type Sub-Total 45,293,000.00 45,196,382.62 4.30 386,718.25 45,235,754.14 45,078,244.14 Commercial Paper
CHARLES SCHWAB CORPDTD 11/06/2025 0.000% 05/05/2026
8085A3E50 1,725,000.00 A-2 P-1 11/6/2025 11/7/2025 1,690,434.35 4.03 0.00 1,718,434.46 1,718,683.05 IONIC IIDTD 02/03/2026 0.000% 05/12/2026
46222VEC6 3,200,000.00 A-1 NR 2/5/2026 2/6/2026 3,167,826.67 3.81 0.00 3,186,114.67 3,185,379.20 BARCLAYS CAPITAL INCDTD 09/10/2025 0.000% 06/05/2026
06743VF54 1,725,000.00 A-1 NR 9/29/2025 9/30/2025 1,677,942.00 3.96 0.00 1,712,666.25 1,712,830.13 Security Type Sub-Total 6,650,000.00 6,536,203.02 3.91 0.00 6,617,215.38 6,616,892.38 30 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Holdings
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Agency CMBS
FHMS K506 A2DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 1,590,000.00 AA+ Aa1 1/8/2026 1/13/2026 1,616,769.14 3.98 6,161.25 1,614,672.66 1,606,019.25 FHMS K081 A2DTD 10/01/2018 3.900% 08/01/2028
3137FJEH8 2,000,000.00 AA+ Aa1 5/28/2024 5/31/2024 1,915,625.00 1.03 6,500.00 1,950,621.18 1,988,246.00 FHMS K081 A2DTD 10/01/2018 3.900% 08/01/2028
3137FJEH8 800,000.00 AA+ Aa1 7/18/2024 7/23/2024 780,375.00 0.61 2,600.00 788,389.43 795,298.40 FHMS K514 A2DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 1,600,000.00 AA+ Aa1 3/3/2026 3/6/2026 1,626,562.50 3.95 6,096.00 1,625,944.03 1,613,884.80 FHMS K089 A2DTD 03/01/2019 3.563% 01/01/2029
3137FL6P4 1,100,000.00 AA+ Aa1 10/24/2025 10/29/2025 1,091,062.50 3.84 3,266.08 1,091,967.37 1,083,261.30 FHMS K114 A1DTD 08/01/2020 0.829% 03/01/2030
3137FVNF5 1,568,828.71 AA+ Aa1 2/10/2026 2/13/2026 1,472,676.67 2.39 1,083.80 1,475,635.26 1,467,670.63 FHMS K547 A2DTD 09/01/2025 4.421% 05/01/2030
3137HN6B9 1,060,000.00 AA+ Aa1 9/23/2025 9/29/2025 1,075,867.14 4.06 3,905.22 1,074,531.33 1,066,698.14 FHMS K546 A2DTD 09/01/2025 4.361% 05/01/2030
3137HN4R6 1,045,000.00 AA+ Aa1 9/9/2025 9/18/2025 1,060,660.37 4.01 3,797.70 1,059,020.76 1,048,332.51 FHMS K122 A1DTD 12/01/2020 0.863% 05/01/2030
3137F82M4 1,512,973.32 AA+ Aa1 3/16/2026 3/19/2026 1,414,334.55 2.50 1,088.08 1,415,077.22 1,413,163.98 FHMS K543 A2DTD 07/01/2025 4.329% 06/01/2030
3137HMC65 1,610,000.00 AA+ Aa1 3/9/2026 3/12/2026 1,630,062.11 4.01 5,808.08 1,629,842.19 1,614,553.08 FHMS K123 A1DTD 01/01/2021 0.932% 06/01/2030
3137F8ZU0 1,423,433.07 AA+ Aa1 3/16/2026 3/19/2026 1,330,743.11 2.54 1,105.53 1,331,430.75 1,328,342.05 FHMS K549 AS FLOATINGDTD 11/06/2025 4.181% 07/25/2030
3137HNND6 1,670,239.77 AA+ Aa1 10/29/2025 11/6/2025 1,670,239.77 4.70 1,357.72 1,670,239.77 1,667,366.95 FHMS K548 AS FLOATINGDTD 10/16/2025 4.209% 07/25/2030
3137HNN53 1,673,977.60 AA+ Aa1 10/7/2025 10/16/2025 1,673,977.60 4.84 1,370.09 1,673,977.60 1,671,694.29 FHMS K549 A2DTD 11/01/2025 4.340% 09/01/2030
3137HNNC8 1,250,000.00 AA+ Aa1 3/25/2026 3/30/2026 1,252,539.06 4.29 4,520.83 1,252,584.22 1,253,735.00 FHMS K558 AS FLOATINGDTD 03/26/2026 4.139% 11/25/2030
3137HQSW2 1,625,000.00 AA+ Aa1 3/17/2026 3/26/2026 1,625,000.00 4.16 1,125.75 1,625,000.00 1,624,996.75 Security Type Sub-Total 21,529,452.46 21,236,494.52 3.43 49,786.13 21,278,933.77 21,243,263.13 31 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Holdings
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
JDOT 2022-B A3DTD 07/20/2022 3.740% 02/16/2027
47800AAC4 336.66 NR Aaa 7/12/2022 7/20/2022 336.63 3.74 0.56 336.66 336.60 HALST 2024-A A3DTD 01/24/2024 5.020% 03/15/2027
448988AD7 154,934.10 AAA NR 1/17/2024 1/24/2024 154,904.74 5.03 345.68 154,924.72 155,010.64 GMALT 2024-1 A3DTD 02/15/2024 5.090% 03/22/2027
36269FAD8 111,787.44 AAA NR 2/8/2024 2/15/2024 111,773.47 5.09 173.86 111,783.19 111,858.43 HART 2023-A A3DTD 04/12/2023 4.580% 04/15/2027
448979AD6 17,405.69 AAA NR 4/4/2023 4/12/2023 17,403.99 4.58 35.43 17,405.23 17,408.30 TLOT 2024-A A3DTD 02/27/2024 5.250% 04/20/2027
89238GAD3 68,382.45 AAA NR 2/21/2024 2/27/2024 68,379.56 5.29 109.70 68,356.81 68,439.07 HAROT 2023-1 A3DTD 02/24/2023 5.040% 04/21/2027
43815JAC7 40,611.16 NR Aaa 2/16/2023 2/24/2023 40,603.61 5.04 56.86 40,609.12 40,658.59 JDOT 2022-C A3DTD 10/19/2022 5.090% 06/15/2027
47800BAC2 97,442.41 NR Aaa 10/12/2022 10/19/2022 97,434.84 5.09 220.44 97,440.36 97,531.66 GMALT 2024-2 A3DTD 05/16/2024 5.390% 07/20/2027
36269WAD1 365,396.90 AAA NR 5/7/2024 5/16/2024 365,375.67 5.39 601.79 365,388.19 366,219.41 JDOT 2023-A A3DTD 03/02/2023 5.010% 11/15/2027
47800CAC0 209,364.44 NR Aaa 2/22/2023 3/2/2023 209,326.29 5.01 466.18 209,350.44 209,964.90 MBART 2023-1 A3DTD 01/25/2023 4.510% 11/15/2027
58770AAC7 78,270.18 AAA NR 1/18/2023 1/25/2023 78,260.79 4.51 156.89 78,266.88 78,332.56 MBALT 2024-A A3DTD 05/23/2024 5.320% 01/18/2028
58770JAD6 470,951.42 NR Aaa 5/17/2024 5/23/2024 470,896.32 5.32 1,113.54 470,923.23 473,446.05 GMCAR 2023-2 A3DTD 04/12/2023 4.470% 02/16/2028
362583AD8 154,810.24 AAA Aaa 4/4/2023 4/12/2023 154,805.99 4.47 288.33 154,808.58 154,939.82 TLOT 2025-A A3DTD 02/26/2025 4.750% 02/22/2028
89239NAD7 1,265,000.00 AAA Aaa 2/20/2025 2/26/2025 1,264,983.43 4.75 1,836.01 1,264,990.86 1,271,302.23 BMWOT 2023-A A3DTD 07/18/2023 5.470% 02/25/2028
05592XAD2 98,282.52 AAA NR 7/11/2023 7/18/2023 98,265.11 5.47 89.60 98,274.91 98,781.90 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 625,000.00 AAA NR 6/7/2023 6/14/2023 624,944.56 4.87 1,352.78 624,974.85 625,621.88 HAROT 2023-4 A3DTD 11/08/2023 5.670% 06/21/2028
438123AC5 232,580.18 NR Aaa 11/1/2023 11/8/2023 232,539.22 5.67 366.31 232,559.34 234,601.53 TAOT 2023-D A3DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 431,428.33 AAA NR 11/7/2023 11/14/2023 431,381.83 5.54 1,062.27 431,404.41 435,445.79 32 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Holdings
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
JDOT 2024-A A3DTD 03/19/2024 4.960% 11/15/2028
47800RAD5 293,643.80 NR Aaa 3/11/2024 3/19/2024 293,627.35 4.97 647.32 293,538.61 295,356.33 TLOT 2025-B A3DTD 09/17/2025 3.960% 11/20/2028
89240NAD4 735,000.00 NR Aaa 9/9/2025 9/17/2025 734,868.44 3.97 889.35 734,889.79 731,474.21 HAROT 2024-2 A3DTD 05/21/2024 5.270% 11/20/2028
437930AC4 517,603.10 AAA NR 5/14/2024 5/21/2024 517,540.21 5.27 985.03 517,564.96 521,549.83 GMCAR 2024-1 A3DTD 01/17/2024 4.850% 12/18/2028
36268GAD7 190,867.67 NR Aaa 1/9/2024 1/17/2024 190,829.28 4.85 385.71 190,845.38 191,607.47 CHAIT 2024-A1 ADTD 01/31/2024 4.600% 01/15/2029
161571HV9 1,245,000.00 AAA NR 1/24/2024 1/31/2024 1,244,810.39 4.60 2,545.33 1,244,889.41 1,250,641.10 HART 2024-A A3DTD 03/20/2024 4.990% 02/15/2029
448973AD9 626,316.54 AAA NR 3/20/2024 3/20/2024 626,178.44 5.00 1,389.03 626,232.91 629,939.15 BMWOT 2024-A A3DTD 06/11/2024 5.180% 02/26/2029
096919AD7 719,344.17 AAA Aaa 6/4/2024 6/11/2024 719,234.90 5.18 621.03 719,274.52 724,083.21 HART 2024-B A3DTD 07/24/2024 4.840% 03/15/2029
44934QAD3 570,000.00 AAA NR 7/16/2024 7/24/2024 569,913.99 4.84 1,226.13 569,943.60 573,337.35 BACCT 2024-A1 ADTD 06/13/2024 4.930% 05/15/2029
05522RDJ4 1,020,000.00 AAA Aaa 6/6/2024 6/13/2024 1,019,942.78 4.93 2,234.93 1,019,964.65 1,030,550.88 BMWLT 2025-2 A4DTD 10/15/2025 4.030% 05/25/2029
05594HAE3 805,000.00 AAA NR 10/8/2025 10/15/2025 804,980.20 4.03 540.69 804,983.36 801,151.30 HALST 2026-A A4DTD 01/21/2026 4.010% 12/17/2029
448970AE3 325,000.00 AAA NR 1/12/2026 1/21/2026 324,948.85 4.01 579.22 324,951.89 323,322.68 USAOT 2025-A A3DTD 10/09/2025 3.950% 12/17/2029
90327HAC3 380,000.00 AAA Aaa 10/2/2025 10/9/2025 379,966.64 3.95 667.11 379,971.19 379,156.40 ALLYA 2025-1 A3
DTD 10/16/2025 3.960% 03/15/2030
02008KAC7 345,000.00 AAA NR 10/7/2025 10/16/2025 344,950.73 3.96 607.20 344,955.86 344,632.58 HART 2025-C A3DTD 09/17/2025 3.880% 04/15/2030
44935JAD8 810,000.00 AAA NR 9/9/2025 9/17/2025 809,867.81 3.88 1,396.80 809,885.12 805,761.27 FORDO 2025-B A3DTD 09/26/2025 3.910% 04/15/2030
34532BAG6 655,000.00 NR Aaa 9/23/2025 9/26/2025 654,929.33 3.91 1,138.24 654,938.92 652,877.15 KCOT 2026-1A A3DTD 02/25/2026 3.870% 05/15/2030
50118HAC0 320,000.00 NR Aaa 2/18/2026 2/25/2026 319,927.78 3.88 550.40 319,929.40 316,654.72 COPAR 2025-1 A3DTD 11/05/2025 3.850% 07/15/2030
14043YAD7 385,000.00 AAA NR 10/28/2025 11/5/2025 384,918.46 3.85 658.78 384,925.53 383,031.11 33 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Holdings
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
COMET 2025-A1 ADTD 09/16/2025 3.820% 09/15/2030
14041NGF2 1,015,000.00 AAA NR 9/9/2025 9/16/2025 1,014,807.56 3.82 1,723.24 1,014,829.77 1,008,865.34 FORDO 2026-A A3DTD 03/24/2026 4.050% 10/15/2030
34532WAD7 490,000.00 AAA Aaa 3/17/2026 3/24/2026 489,906.36 4.05 385.88 489,908.73 488,430.53 TMUST 2026-1A ADTD 03/20/2026 4.250% 10/21/2030
87269AAA8 1,490,000.00 NR Aaa 3/12/2026 3/20/2026 1,489,683.82 4.26 1,934.93 1,489,685.81 1,487,462.53 CHAOT 2025-2A A3DTD 10/29/2025 3.860% 10/25/2030
16144MAD6 800,000.00 NR Aaa 10/17/2025 10/29/2025 799,968.32 3.86 514.67 799,973.24 795,609.60 VWALT 2026-A A4DTD 03/24/2026 4.210% 11/20/2030
92868CAE1 765,000.00 AAA NR 3/17/2026 3/24/2026 764,933.52 4.21 626.24 764,935.67 763,060.73 Security Type Sub-Total 18,924,759.41 18,922,351.21 4.50 30,523.49 18,922,816.10 18,938,454.83 Managed Account Sub Total 163,437,211.87 162,455,229.01 1,061,481.21 162,787,918.00Securities Sub TotalAccrued Interest $163,437,211.87 $162,455,229.01 $1,061,481.21 $162,787,918.00 $1,061,481.21
162,928,425.46
$162,928,425.46
4.08 4.08%
Total Investments $163,849,399.21
34 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY1/6/2026 1/7/2026 1,000,000.00 91282CJQ5 US TREASURY N/B 3.75% 12/31/2030 1,002,248.58 3.72%1/8/2026 1/9/2026 900,000.00 637432NS0 NATIONAL RURAL UTIL COOP (CALLABLE) 3.70% 3/15/2029 901,104.00 4.05%1/8/2026 1/13/2026 1,590,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 1,619,233.64 3.98%1/12/2026 1/21/2026 325,000.00 448970AE3 HALST 2026-A A4 4.01% 12/17/2029 324,948.85 4.01%1/15/2026 1/21/2026 280,000.00 38145GAP5 GOLDMAN SACHS GROUP INC (CALLABLE) 4.14% 1/21/2029 280,000.00 4.15%1/15/2026 1/23/2026 275,000.00 95000U4D2 WELLS FARGO & COMPANY (CALLABLE) 4.18% 1/23/2030 275,000.00 4.18%1/16/2026 1/20/2026 360,000.00 91282CPP0 US TREASURY N/B 3.50% 12/15/2028 359,755.53 3.65%1/16/2026 1/20/2026 1,680,000.00 91282CPK1 US TREASURY N/B 3.50% 11/15/2028 1,685,273.57 3.62%1/20/2026 1/21/2026 1,240,000.00 91282CLR0 US TREASURY N/B 4.12% 10/31/2029 1,267,667.71 3.75%1/21/2026 1/22/2026 1,620,000.00 91282CPK1 US TREASURY N/B 3.50% 11/15/2028 1,624,132.86 3.65%1/22/2026 1/23/2026 805,000.00 89788JAH2 TRUIST BANK (CALLABLE) 4.13% 10/23/2029 810,546.45 4.23%1/23/2026 1/26/2026 1,125,000.00 6174468G7 MORGAN STANLEY (CALLABLE) 4.43% 1/23/2030 1,130,601.66 4.30%1/29/2026 2/2/2026 800,000.00 61776NU43 MORGAN STANLEY PVT BANK (CALLABLE) 4.21% 2/8/2030 800,000.00 4.21%1/29/2026 2/5/2026 355,000.00 69371RU38 PACCAR FINANCIAL CORP 3.90% 2/5/2029 354,850.90 3.91%2/2/2026 2/4/2026 1,250,000.00 91282CJM4 US TREASURY N/B 4.37% 11/30/2030 1,291,654.15 3.79%2/3/2026 2/4/2026 805,000.00 025816EJ4 AMERICAN EXPRESS CO (CALLABLE) 4.35% 7/20/2029 810,564.20 4.19%2/5/2026 2/6/2026 3,200,000.00 46222VEC6 IONIC II 0.00% 5/12/2026 3,167,826.67 3.81% 35 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY2/5/2026 2/6/2026 1,200,000.00 00724PAD1 ADOBE INC (CALLABLE) 2.30% 2/1/2030 1,120,547.33 4.13%2/9/2026 2/10/2026 690,000.00 00724PAD1 ADOBE INC (CALLABLE) 2.30% 2/1/2030 644,511.75 4.13%2/9/2026 2/13/2026 235,000.00 02079KBJ5 ALPHABET INC (CALLABLE) 3.70% 2/15/2029 234,146.95 3.83%2/10/2026 2/17/2026 850,000.00 02079KBK2 ALPHABET INC (CALLABLE) 4.10% 2/15/2031 849,579.72 4.12%2/10/2026 2/13/2026 1,592,827.34 3137FVNF5 FHMS K114 A1 0.82% 3/1/2030 1,495,644.60 2.39%2/10/2026 2/17/2026 1,600,000.00 02079KBK2 ALPHABET INC (CALLABLE) 4.10% 2/15/2031 1,599,976.89 4.11%2/18/2026 2/19/2026 530,000.00 46124HAD8 INTUIT INC (CALLABLE) 1.65% 7/15/2030 476,675.82 4.22%2/18/2026 2/25/2026 320,000.00 50118HAC0 KCOT 2026-1A A3 3.87% 5/15/2030 319,927.78 3.88%2/23/2026 3/9/2026 1,310,000.00 002824BR0 ABBOTT LABORATORIES (CALLABLE) 3.70% 3/9/2029 1,308,336.30 3.75%2/24/2026 2/25/2026 250,000.00 00724PAD1 ADOBE INC (CALLABLE) 2.30% 2/1/2030 234,295.83 4.09%2/24/2026 2/25/2026 1,700,000.00 91282CPR6 US TREASURY N/B 3.62% 12/31/2030 1,711,790.96 3.59%3/2/2026 3/5/2026 2,200,000.00 91282CQA2 US TREASURY N/B 3.50% 2/15/2029 2,207,524.04 3.44%3/2/2026 3/5/2026 2,097,000.00 06406RBT3 BANK OF NY MELLON CORP (CALLABLE) 6.31% 10/25/2029 2,262,498.15 4.62%3/2/2026 3/3/2026 940,000.00 38145GAP5 GOLDMAN SACHS GROUP INC (CALLABLE) 4.14% 1/21/2029 943,449.17 4.19%3/3/2026 3/6/2026 1,600,000.00 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,627,578.50 3.95%3/5/2026 3/10/2026 755,000.00 58769JBP1 MERCEDES-BENZ FIN NA 4.25% 3/10/2029 754,682.90 4.27%3/5/2026 3/11/2026 875,000.00 91282CKC4 US TREASURY N/B 4.25% 2/28/2031 895,628.18 3.75% 36 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY3/6/2026 3/9/2026 800,000.00 17325FBK3 CITIBANK NA (CALLABLE) 4.83% 8/6/2029 822,019.87 4.10%3/9/2026 3/12/2026 1,610,000.00 3137HMC65 FHMS K543 A2 4.32% 6/1/2030 1,632,191.74 4.01%3/10/2026 3/13/2026 915,000.00 023135DD5 AMAZON.COM INC (CALLABLE) 4.25% 3/13/2031 913,536.00 4.29%3/11/2026 3/13/2026 720,000.00 023135DD5 AMAZON.COM INC (CALLABLE) 4.25% 3/13/2031 718,905.60 4.28%3/11/2026 3/13/2026 2,440,000.00 79466LAR5 SALESFORCE INC (CALLABLE) 4.65% 3/15/2029 2,439,463.20 4.66%3/11/2026 3/16/2026 490,000.00 90261AAG7 UBS AG STAMFORD CT (CALLABLE) 4.30% 3/16/2029 490,000.00 4.30%3/12/2026 3/12/2026 1,625,000.00 89115M3E4 TORONTO DOMINION BANK NY 4.00% 3/12/2027 1,625,000.00 4.00%3/12/2026 3/12/2026 1,625,000.00 78015J2H9 ROYAL BANK OF CANADA NY 4.00% 3/12/2027 1,625,000.00 4.00%3/12/2026 3/13/2026 2,700,000.00 91282CQB0 US TREASURY N/B 3.37% 2/29/2028 2,684,445.65 3.74%3/12/2026 3/20/2026 1,490,000.00 87269AAA8 TMUST 2026-1A A 4.25% 10/21/2030 1,489,683.82 4.26%3/13/2026 3/16/2026 2,300,000.00 91282CQB0 US TREASURY N/B 3.37% 2/29/2028 2,288,191.41 3.73%3/16/2026 3/19/2026 1,423,433.07 3137F8ZU0 FHMS K123 A1 0.93% 6/1/2030 1,331,406.43 2.54%3/16/2026 3/19/2026 1,512,973.32 3137F82M4 FHMS K122 A1 0.86% 5/1/2030 1,414,987.40 2.50%3/16/2026 3/19/2026 800,000.00 05565EDH5 BMW US CAPITAL LLC (CALLABLE) 4.65% 3/19/2031 799,296.00 4.67%3/17/2026 3/18/2026 885,000.00 23338VAM8 DTE ELECTRIC CO (CALLABLE) 2.62% 3/1/2031 817,598.03 4.38%3/17/2026 3/24/2026 765,000.00 92868CAE1 VWALT 2026-A A4 4.21% 11/20/2030 764,933.52 4.21%3/17/2026 3/24/2026 490,000.00 34532WAD7 FORDO 2026-A A3 4.05% 10/15/2030 489,906.36 4.05% 37 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY3/17/2026 3/26/2026 1,625,000.00 3137HQSW2 FHMS K558 AS FLOATING 4.13% 11/25/2030 1,625,000.00 4.17%3/18/2026 3/19/2026 1,625,000.00 06418NPG1 BANK OF NOVA SCOTIA HOUS 4.03% 3/18/2027 1,625,000.00 4.03%3/18/2026 3/19/2026 1,004,000.00 04636NAL7 ASTRAZENECA FINANCE LLC (CALLABLE) 4.85% 2/26/2029 1,025,785.41 4.17%3/25/2026 3/26/2026 600,000.00 91282CKC4 US TREASURY N/B 4.25% 2/28/2031 608,715.69 3.99%3/25/2026 3/30/2026 1,250,000.00 3137HNNC8 FHMS K549 A2 4.34% 9/1/2030 1,256,909.20 4.29%3/26/2026 3/31/2026 1,750,000.00 91282CMW8 US TREASURY N/B 3.75% 4/15/2028 1,771,016.37 4.02%3/30/2026 3/31/2026 800,000.00 63743HFN7 NATIONAL RURAL UTIL COOP (CALLABLE) 4.85% 2/7/2029 814,748.00 4.43% Total BUY 67,600,233.73 67,465,943.34 0.00
CALL1/20/2026 1/20/2026 2,000,000.00 06051GLE7 BANK OF AMERICA CORP (CALLABLE) 5.08% 1/20/2027 2,000,000.00 Total CALL 2,000,000.00 2,000,000.00 0.00
INTEREST1/1/2026 1/25/2026 3137HN4R6 FHMS K546 A2 4.36% 5/1/2030 3,797.701/1/2026 1/25/2026 3137FL6P4 FHMS K089 A2 3.56% 1/1/2029 3,266.081/1/2026 1/25/2026 3137FJEH8 FHMS K081 A2 3.90% 8/1/2028 9,100.001/1/2026 1/25/2026 3137HN6B9 FHMS K547 A2 4.42% 5/1/2030 3,905.221/2/2026 1/2/2026 MONEY0002 MONEY MARKET FUND 0.00% 12,223.40 38 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST1/9/2026 1/9/2026 89236TNA9 TOYOTA MOTOR CREDIT CORP (CALLABLE) 4.95% 1/9/2030 49,500.001/15/2026 1/15/2026 47800AAC4 JDOT 2022-B A3 3.74% 2/16/2027 198.041/15/2026 1/15/2026 91282CJT9 US TREASURY N/B 4.00% 1/15/2027 15,000.001/15/2026 1/15/2026 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 6,624.671/15/2026 1/15/2026 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 2,536.461/15/2026 1/15/2026 3130AYPN0 FEDERAL HOME LOAN BANK 4.12% 1/15/2027 61,875.001/15/2026 1/15/2026 90327HAC3 USAOT 2025-A A3 3.95% 12/17/2029 1,250.831/15/2026 1/15/2026 161571HV9 CHAIT 2024-A1 A 4.60% 1/15/2029 4,772.501/15/2026 1/15/2026 47800RAD5 JDOT 2024-A A3 4.96% 11/15/2028 1,488.001/15/2026 1/15/2026 91282CKZ3 US TREASURY N/B 4.37% 7/15/2027 35,000.001/15/2026 1/15/2026 44934QAD3 HART 2024-B A3 4.84% 3/15/2029 2,299.001/15/2026 1/15/2026 05522RDJ4 BACCT 2024-A1 A 4.93% 5/15/2029 4,190.501/15/2026 1/15/2026 14041NGF2 COMET 2025-A1 A 3.82% 9/15/2030 3,231.081/15/2026 1/15/2026 02008KAC7 ALLYA 2025-1 A3 3.96% 3/15/2030 1,138.501/15/2026 1/15/2026 58770JAD6 MBALT 2024-A A3 5.32% 1/18/2028 2,216.671/15/2026 1/15/2026 44935JAD8 HART 2025-C A3 3.88% 4/15/2030 2,619.001/15/2026 1/15/2026 756109BZ6 REALTY INCOME CORP (CALLABLE) 3.20% 1/15/2027 33,984.00 39 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST1/15/2026 1/15/2026 47800BAC2 JDOT 2022-C A3 5.09% 6/15/2027 854.451/15/2026 1/15/2026 448979AD6 HART 2023-A A3 4.58% 4/15/2027 499.241/15/2026 1/15/2026 448988AD7 HALST 2024-A A3 5.02% 3/15/2027 1,686.301/15/2026 1/15/2026 448973AD9 HART 2024-A A3 4.99% 2/15/2029 3,172.901/15/2026 1/15/2026 14043YAD7 COPAR 2025-1 A3 3.85% 7/15/2030 1,235.211/15/2026 1/15/2026 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 494.531/15/2026 1/15/2026 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 2,460.181/15/2026 1/15/2026 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 8,707.501/15/2026 1/15/2026 45950KDF4 INTL FINANCE CORP 4.37% 1/15/2027 30,960.201/15/2026 1/15/2026 47800CAC0 JDOT 2023-A A3 5.01% 11/15/2027 1,289.081/15/2026 1/15/2026 34532BAG6 FORDO 2025-B A3 3.91% 4/15/2030 2,134.211/16/2026 1/16/2026 36268GAD7 GMCAR 2024-1 A3 4.85% 12/18/2028 971.631/16/2026 1/16/2026 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 843.111/18/2026 1/18/2026 437930AC4 HAROT 2024-2 A3 5.27% 11/20/2028 2,791.201/19/2026 1/19/2026 45818WFN1 INTER-AMERICAN DEVEL BK 4.85% 7/19/2027 37,587.501/20/2026 1/20/2026 89240NAD4 TLOT 2025-B A3 3.96% 11/20/2028 2,425.501/20/2026 1/20/2026 06051GLE7 BANK OF AMERICA CORP (CALLABLE) 5.08% 1/20/2027 50,800.00 40 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST1/20/2026 1/20/2026 36269WAD1 GMALT 2024-2 A3 5.39% 7/20/2027 2,831.341/20/2026 1/20/2026 36269FAD8 GMALT 2024-1 A3 5.09% 3/22/2027 1,354.721/20/2026 1/20/2026 89238GAD3 TLOT 2024-A A3 5.25% 4/20/2027 1,006.501/20/2026 1/20/2026 89239NAD7 TLOT 2025-A A3 4.75% 2/22/2028 5,007.291/21/2026 1/21/2026 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 1,406.401/21/2026 1/21/2026 43815JAC7 HAROT 2023-1 A3 5.04% 4/21/2027 411.261/21/2026 1/21/2026 69353RFZ6 PNC BANK NA (CALLABLE) 4.42% 7/21/2028 18,269.631/22/2026 1/22/2026 06051GKW8 BANK OF AMERICA CORP (CALLABLE) 4.94% 7/22/2028 18,555.001/23/2026 1/23/2026 46647PEB8 JPMORGAN CHASE & CO (CALLABLE) 5.01% 1/23/2030 31,325.001/25/2026 1/25/2026 05594HAE3 BMWLT 2025-2 A4 4.03% 5/25/2029 2,703.461/25/2026 1/25/2026 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 3,850.381/25/2026 1/25/2026 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 657.801/25/2026 1/25/2026 16144MAD6 CHAOT 2025-2A A3 3.86% 10/25/2030 2,573.331/26/2026 1/26/2026 3137HNND6 FHMS K549 AS FLOATING 4.18% 7/25/2030 6,527.241/26/2026 1/26/2026 3137HNN53 FHMS K548 AS FLOATING 4.20% 7/25/2030 6,544.761/31/2026 1/31/2026 91282CJW2 US TREASURY N/B 4.00% 1/31/2029 6,000.001/31/2026 1/31/2026 91282CGJ4 US TREASURY N/B 3.50% 1/31/2030 56,875.00 41 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST1/31/2026 1/31/2026 91282CGH8 US TREASURY N/B 3.50% 1/31/2028 52,500.001/31/2026 1/31/2026 91282CNN7 US TREASURY N/B 3.87% 7/31/2030 19,859.382/1/2026 2/25/2026 3137HN6B9 FHMS K547 A2 4.42% 5/1/2030 3,905.222/1/2026 2/25/2026 3137FL6P4 FHMS K089 A2 3.56% 1/1/2029 3,266.082/1/2026 2/25/2026 3137HN4R6 FHMS K546 A2 4.36% 5/1/2030 3,797.702/1/2026 2/25/2026 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 6,161.252/1/2026 2/25/2026 3137FJEH8 FHMS K081 A2 3.90% 8/1/2028 9,100.002/2/2026 2/2/2026 MONEY0002 MONEY MARKET FUND 0.00% 4,057.252/15/2026 2/15/2026 448988AD7 HALST 2024-A A3 5.02% 3/15/2027 1,414.222/15/2026 2/15/2026 90327HAC3 USAOT 2025-A A3 3.95% 12/17/2029 1,250.832/15/2026 2/15/2026 02008KAC7 ALLYA 2025-1 A3 3.96% 3/15/2030 1,138.502/15/2026 2/15/2026 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 6,624.672/15/2026 2/15/2026 9128282A7 US TREASURY N/B 1.50% 8/15/2026 4,875.002/15/2026 2/15/2026 14043YAD7 COPAR 2025-1 A3 3.85% 7/15/2030 1,235.212/15/2026 2/15/2026 58770JAD6 MBALT 2024-A A3 5.32% 1/18/2028 2,216.672/15/2026 2/15/2026 14041NGF2 COMET 2025-A1 A 3.82% 9/15/2030 3,231.082/15/2026 2/15/2026 47800CAC0 JDOT 2023-A A3 5.01% 11/15/2027 1,140.42 42 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST2/15/2026 2/15/2026 05522RDJ4 BACCT 2024-A1 A 4.93% 5/15/2029 4,190.502/15/2026 2/15/2026 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 419.712/15/2026 2/15/2026 34532BAG6 FORDO 2025-B A3 3.91% 4/15/2030 2,134.212/15/2026 2/15/2026 44935JAD8 HART 2025-C A3 3.88% 4/15/2030 2,619.002/15/2026 2/15/2026 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 2,536.462/15/2026 2/15/2026 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 2,294.042/15/2026 2/15/2026 44934QAD3 HART 2024-B A3 4.84% 3/15/2029 2,299.002/15/2026 2/15/2026 47800RAD5 JDOT 2024-A A3 4.96% 11/15/2028 1,394.282/15/2026 2/15/2026 448973AD9 HART 2024-A A3 4.99% 2/15/2029 2,974.842/15/2026 2/15/2026 47800BAC2 JDOT 2022-C A3 5.09% 6/15/2027 721.402/15/2026 2/15/2026 448979AD6 HART 2023-A A3 4.58% 4/15/2027 349.102/15/2026 2/15/2026 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 8,707.502/15/2026 2/15/2026 161571HV9 CHAIT 2024-A1 A 4.60% 1/15/2029 4,772.502/15/2026 2/15/2026 448970AE3 HALST 2026-A A4 4.01% 12/17/2029 868.832/15/2026 2/15/2026 47800AAC4 JDOT 2022-B A3 3.74% 2/16/2027 138.392/16/2026 2/16/2026 36268GAD7 GMCAR 2024-1 A3 4.85% 12/18/2028 898.202/16/2026 2/16/2026 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 747.01 43 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST2/18/2026 2/18/2026 437930AC4 HAROT 2024-2 A3 5.27% 11/20/2028 2,612.712/20/2026 2/20/2026 89239NAD7 TLOT 2025-A A3 4.75% 2/22/2028 5,007.292/20/2026 2/20/2026 89238GAD3 TLOT 2024-A A3 5.25% 4/20/2027 765.072/20/2026 2/20/2026 36269FAD8 GMALT 2024-1 A3 5.09% 3/22/2027 1,060.112/20/2026 2/20/2026 89240NAD4 TLOT 2025-B A3 3.96% 11/20/2028 2,425.502/20/2026 2/20/2026 36269WAD1 GMALT 2024-2 A3 5.39% 7/20/2027 2,439.612/21/2026 2/21/2026 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 1,298.062/21/2026 2/21/2026 43815JAC7 HAROT 2023-1 A3 5.04% 4/21/2027 325.832/23/2026 2/23/2026 037833BY5 APPLE INC (CALLABLE) 3.25% 2/23/2026 16,250.002/25/2026 2/25/2026 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 579.682/25/2026 2/25/2026 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 3,573.062/25/2026 2/25/2026 3137HNN53 FHMS K548 AS FLOATING 4.20% 7/25/2030 6,223.982/25/2026 2/25/2026 05594HAE3 BMWLT 2025-2 A4 4.03% 5/25/2029 2,703.462/25/2026 2/25/2026 16144MAD6 CHAOT 2025-2A A3 3.86% 10/25/2030 2,573.332/25/2026 2/25/2026 3137HNND6 FHMS K549 AS FLOATING 4.18% 7/25/2030 6,203.492/26/2026 2/26/2026 17275RBR2 CISCO SYSTEMS INC (CALLABLE) 4.85% 2/26/2029 29,706.252/28/2026 2/28/2026 91282CHW4 US TREASURY N/B 4.12% 8/31/2030 39,187.50 44 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST2/28/2026 2/28/2026 91282CGQ8 US TREASURY N/B 4.00% 2/28/2030 45,500.002/28/2026 2/28/2026 91282CFJ5 US TREASURY N/B 3.12% 8/31/2029 39,062.502/28/2026 2/28/2026 91282CFH9 US TREASURY N/B 3.12% 8/31/2027 62,500.003/1/2026 3/25/2026 3137HN6B9 FHMS K547 A2 4.42% 5/1/2030 3,905.223/1/2026 3/25/2026 3137FL6P4 FHMS K089 A2 3.56% 1/1/2029 3,266.083/1/2026 3/25/2026 3137FJEH8 FHMS K081 A2 3.90% 8/1/2028 9,100.003/1/2026 3/25/2026 3137FVNF5 FHMS K114 A1 0.82% 3/1/2030 1,100.383/1/2026 3/25/2026 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 6,161.253/1/2026 3/25/2026 3137HN4R6 FHMS K546 A2 4.36% 5/1/2030 3,797.703/2/2026 3/2/2026 MONEY0002 MONEY MARKET FUND 0.00% 4,269.993/7/2026 3/7/2026 58933YAX3 MERCK & CO INC (CALLABLE) 3.40% 3/7/2029 16,405.003/9/2026 3/9/2026 771196CP5 ROCHE HOLDINGS INC (CALLABLE) 4.20% 9/9/2029 26,268.753/10/2026 3/10/2026 3130ATS57 FEDERAL HOME LOAN BANK 4.50% 3/10/2028 45,000.003/11/2026 3/11/2026 3130AWTQ3 FEDERAL HOME LOAN BANK 4.62% 9/11/2026 69,375.003/15/2026 3/15/2026 14041NGF2 COMET 2025-A1 A 3.82% 9/15/2030 3,231.083/15/2026 3/15/2026 90327HAC3 USAOT 2025-A A3 3.95% 12/17/2029 1,250.833/15/2026 3/15/2026 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 6,624.67 45 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST3/15/2026 3/15/2026 91282CNY3 US TREASURY N/B 3.37% 9/15/2028 2,953.133/15/2026 3/15/2026 02008KAC7 ALLYA 2025-1 A3 3.96% 3/15/2030 1,138.503/15/2026 3/15/2026 448988AD7 HALST 2024-A A3 5.02% 3/15/2027 1,031.803/15/2026 3/15/2026 161571HV9 CHAIT 2024-A1 A 4.60% 1/15/2029 4,772.503/15/2026 3/15/2026 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 2,137.933/15/2026 3/15/2026 14043YAD7 COPAR 2025-1 A3 3.85% 7/15/2030 1,235.213/15/2026 3/15/2026 448970AE3 HALST 2026-A A4 4.01% 12/17/2029 1,086.043/15/2026 3/15/2026 47800CAC0 JDOT 2023-A A3 5.01% 11/15/2027 979.883/15/2026 3/15/2026 34532BAG6 FORDO 2025-B A3 3.91% 4/15/2030 2,134.213/15/2026 3/15/2026 47800BAC2 JDOT 2022-C A3 5.09% 6/15/2027 534.083/15/2026 3/15/2026 47800RAD5 JDOT 2024-A A3 4.96% 11/15/2028 1,279.353/15/2026 3/15/2026 482480AG5 KLA CORP (CALLABLE) 4.10% 3/15/2029 34,501.503/15/2026 3/15/2026 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 8,707.503/15/2026 3/15/2026 448973AD9 HART 2024-A A3 4.99% 2/15/2029 2,787.853/15/2026 3/15/2026 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 352.483/15/2026 3/15/2026 50118HAC0 KCOT 2026-1A A3 3.87% 5/15/2030 688.003/15/2026 3/15/2026 637432NS0 NATIONAL RURAL UTIL COOP (CALLABLE) 3.70% 3/15/2029 16,650.00 46 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST3/15/2026 3/15/2026 58770JAD6 MBALT 2024-A A3 5.32% 1/18/2028 2,216.673/15/2026 3/15/2026 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 2,536.463/15/2026 3/15/2026 448979AD6 HART 2023-A A3 4.58% 4/15/2027 203.083/15/2026 3/15/2026 47800AAC4 JDOT 2022-B A3 3.74% 2/16/2027 55.323/15/2026 3/15/2026 44934QAD3 HART 2024-B A3 4.84% 3/15/2029 2,299.003/15/2026 3/15/2026 44935JAD8 HART 2025-C A3 3.88% 4/15/2030 2,619.003/15/2026 3/15/2026 05522RDJ4 BACCT 2024-A1 A 4.93% 5/15/2029 4,190.503/16/2026 3/16/2026 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 657.603/16/2026 3/16/2026 36268GAD7 GMCAR 2024-1 A3 4.85% 12/18/2028 831.333/18/2026 3/18/2026 437930AC4 HAROT 2024-2 A3 5.27% 11/20/2028 2,437.313/20/2026 3/20/2026 36269WAD1 GMALT 2024-2 A3 5.39% 7/20/2027 2,035.963/20/2026 3/20/2026 36269FAD8 GMALT 2024-1 A3 5.09% 3/22/2027 765.793/20/2026 3/20/2026 89238GAD3 TLOT 2024-A A3 5.25% 4/20/2027 531.233/20/2026 3/20/2026 89239NAD7 TLOT 2025-A A3 4.75% 2/22/2028 5,007.293/20/2026 3/20/2026 89240NAD4 TLOT 2025-B A3 3.96% 11/20/2028 2,425.503/21/2026 3/21/2026 43815JAC7 HAROT 2023-1 A3 5.04% 4/21/2027 245.773/21/2026 3/21/2026 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 1,195.64 47 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST3/25/2026 3/25/2026 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 3,328.313/25/2026 3/25/2026 3137HNN53 FHMS K548 AS FLOATING 4.20% 7/25/2030 5,481.263/25/2026 3/25/2026 05594HAE3 BMWLT 2025-2 A4 4.03% 5/25/2029 2,703.463/25/2026 3/25/2026 3137HNND6 FHMS K549 AS FLOATING 4.18% 7/25/2030 5,460.143/25/2026 3/25/2026 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 510.283/25/2026 3/25/2026 16144MAD6 CHAOT 2025-2A A3 3.86% 10/25/2030 2,573.333/31/2026 3/31/2026 91282CGT2 US TREASURY N/B 3.62% 3/31/2028 27,187.503/31/2026 3/31/2026 91282CFM8 US TREASURY N/B 4.12% 9/30/2027 30,937.503/31/2026 3/31/2026 91282CEF4 US TREASURY N/B 2.50% 3/31/2027 16,875.003/31/2026 3/31/2026 91282CLN9 US TREASURY N/B 3.50% 9/30/2029 8,750.00 Total INTEREST 0.00 1,425,650.52 0.00
MATURITY2/23/2026 2/23/2026 1,000,000.00 037833BY5 APPLE INC (CALLABLE) 3.25% 2/23/2026 1,000,000.00 Total MATURITY 1,000,000.00 1,000,000.00 0.00
PAYDOWNS1/15/2026 1/15/2026 39,337.17 448979AD6 HART 2023-A A3 4.58% 4/15/2027 39,337.17 1.241/15/2026 1/15/2026 35,607.06 47800CAC0 JDOT 2023-A A3 5.01% 11/15/2027 35,607.06 2.68 48 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS1/15/2026 1/15/2026 22,673.16 47800RAD5 JDOT 2024-A A3 4.96% 11/15/2028 22,673.16 8.731/15/2026 1/15/2026 19,137.90 47800AAC4 JDOT 2022-B A3 3.74% 2/16/2027 19,137.90 0.451/15/2026 1/15/2026 19,908.30 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 19,908.30 0.941/15/2026 1/15/2026 47,629.25 448973AD9 HART 2024-A A3 4.99% 2/15/2029 47,629.25 6.791/15/2026 1/15/2026 65,038.92 448988AD7 HALST 2024-A A3 5.02% 3/15/2027 65,038.92 4.781/15/2026 1/15/2026 35,986.75 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 35,986.75 2.161/15/2026 1/15/2026 31,365.96 47800BAC2 JDOT 2022-C A3 5.09% 6/15/2027 31,365.96 0.771/16/2026 1/16/2026 18,169.10 36268GAD7 GMCAR 2024-1 A3 4.85% 12/18/2028 18,169.10 2.271/16/2026 1/16/2026 25,798.02 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 25,798.02 0.311/18/2026 1/18/2026 40,642.22 437930AC4 HAROT 2024-2 A3 5.27% 11/20/2028 40,642.22 3.211/20/2026 1/20/2026 69,454.63 36269FAD8 GMALT 2024-1 A3 5.09% 3/22/2027 69,454.63 3.211/20/2026 1/20/2026 87,214.42 36269WAD1 GMALT 2024-2 A3 5.39% 7/20/2027 87,214.42 2.381/20/2026 1/20/2026 55,182.98 89238GAD3 TLOT 2024-A A3 5.25% 4/20/2027 55,182.98 24.441/21/2026 1/21/2026 22,927.96 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 22,927.96 2.221/21/2026 1/21/2026 20,339.79 43815JAC7 HAROT 2023-1 A3 5.04% 4/21/2027 20,339.79 1.201/25/2026 1/25/2026 179.00 3137HNN53 FHMS K548 AS FLOATING 4.20% 7/25/2030 179.001/25/2026 1/25/2026 64,245.04 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 64,245.04 6.58 49 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS1/25/2026 1/25/2026 1,019.68 3137HNND6 FHMS K549 AS FLOATING 4.18% 7/25/2030 1,019.681/25/2026 1/25/2026 17,136.84 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 17,136.84 1.452/15/2026 2/15/2026 27,806.43 47800RAD5 JDOT 2024-A A3 4.96% 11/15/2028 27,806.43 10.412/15/2026 2/15/2026 17,887.81 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 17,887.81 0.812/15/2026 2/15/2026 26,655.97 47800AAC4 JDOT 2022-B A3 3.74% 2/16/2027 26,655.97 0.582/15/2026 2/15/2026 38,452.91 47800CAC0 JDOT 2023-A A3 5.01% 11/15/2027 38,452.91 2.762/15/2026 2/15/2026 38,259.24 448979AD6 HART 2023-A A3 4.58% 4/15/2027 38,259.24 1.132/15/2026 2/15/2026 33,815.50 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 33,815.50 1.972/15/2026 2/15/2026 91,416.64 448988AD7 HALST 2024-A A3 5.02% 3/15/2027 91,416.64 6.252/15/2026 2/15/2026 44,162.83 47800BAC2 JDOT 2022-C A3 5.09% 6/15/2027 44,162.83 1.022/15/2026 2/15/2026 44,967.14 448973AD9 HART 2024-A A3 4.99% 2/15/2029 44,967.14 6.252/16/2026 2/16/2026 16,543.42 36268GAD7 GMCAR 2024-1 A3 4.85% 12/18/2028 16,543.42 2.012/16/2026 2/16/2026 24,002.86 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 24,002.86 0.272/18/2026 2/18/2026 39,940.78 437930AC4 HAROT 2024-2 A3 5.27% 11/20/2028 39,940.78 3.072/20/2026 2/20/2026 69,388.22 36269FAD8 GMALT 2024-1 A3 5.09% 3/22/2027 69,388.22 2.972/20/2026 2/20/2026 89,864.30 36269WAD1 GMALT 2024-2 A3 5.39% 7/20/2027 89,864.30 2.322/20/2026 2/20/2026 53,450.62 89238GAD3 TLOT 2024-A A3 5.25% 4/20/2027 53,450.62 22.15 50 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS2/21/2026 2/21/2026 19,061.66 43815JAC7 HAROT 2023-1 A3 5.04% 4/21/2027 19,061.66 1.062/21/2026 2/21/2026 21,677.00 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 21,677.00 2.042/25/2026 2/25/2026 179.83 3137HNN53 FHMS K548 AS FLOATING 4.20% 7/25/2030 179.832/25/2026 2/25/2026 1,024.41 3137HNND6 FHMS K549 AS FLOATING 4.18% 7/25/2030 1,024.412/25/2026 2/25/2026 56,698.69 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 56,698.69 5.662/25/2026 2/25/2026 15,225.69 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 15,225.69 1.243/1/2026 3/25/2026 23,998.63 3137FVNF5 FHMS K114 A1 0.82% 3/1/2030 23,998.63 1,453.873/15/2026 3/15/2026 15,515.65 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 15,515.65 0.673/15/2026 3/15/2026 29,048.58 58770JAD6 MBALT 2024-A A3 5.32% 1/18/2028 29,048.58 1.783/15/2026 3/15/2026 31,660.38 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 31,660.38 1.793/15/2026 3/15/2026 91,710.79 448988AD7 HALST 2024-A A3 5.02% 3/15/2027 91,710.79 5.803/15/2026 3/15/2026 28,469.92 47800BAC2 JDOT 2022-C A3 5.09% 6/15/2027 28,469.92 0.623/15/2026 3/15/2026 25,338.31 47800CAC0 JDOT 2023-A A3 5.01% 11/15/2027 25,338.31 1.743/15/2026 3/15/2026 35,802.58 448979AD6 HART 2023-A A3 4.58% 4/15/2027 35,802.58 0.983/15/2026 3/15/2026 17,411.99 47800AAC4 JDOT 2022-B A3 3.74% 2/16/2027 17,411.99 0.353/15/2026 3/15/2026 44,107.81 448973AD9 HART 2024-A A3 4.99% 2/15/2029 44,107.81 5.973/15/2026 3/15/2026 15,876.61 47800RAD5 JDOT 2024-A A3 4.96% 11/15/2028 15,876.61 5.78 51 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS3/16/2026 3/16/2026 14,823.11 36268GAD7 GMCAR 2024-1 A3 4.85% 12/18/2028 14,823.11 1.763/16/2026 3/16/2026 21,725.75 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 21,725.75 0.243/18/2026 3/18/2026 37,381.20 437930AC4 HAROT 2024-2 A3 5.27% 11/20/2028 37,381.20 2.793/20/2026 3/20/2026 53,040.72 89238GAD3 TLOT 2024-A A3 5.25% 4/20/2027 53,040.72 20.453/20/2026 3/20/2026 87,878.99 36269WAD1 GMALT 2024-2 A3 5.39% 7/20/2027 87,878.99 2.143/20/2026 3/20/2026 68,752.82 36269FAD8 GMALT 2024-1 A3 5.09% 3/22/2027 68,752.82 2.703/21/2026 3/21/2026 20,465.50 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 20,465.50 1.853/21/2026 3/21/2026 17,905.57 43815JAC7 HAROT 2023-1 A3 5.04% 4/21/2027 17,905.57 0.923/25/2026 3/25/2026 51,692.06 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 51,692.06 5.033/25/2026 3/25/2026 13,661.21 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 13,661.21 1.073/25/2026 3/25/2026 1,533.40 3137HNND6 FHMS K549 AS FLOATING 4.18% 7/25/2030 1,533.403/25/2026 3/25/2026 276.34 3137HNN53 FHMS K548 AS FLOATING 4.20% 7/25/2030 276.34 Total PAYDOWNS 2,257,554.02 2,257,554.02 1,668.08
SELL1/8/2026 1/9/2026 200,000.00 91282CJW2 US TREASURY N/B 4.00% 1/31/2029 206,006.12 3,091.481/8/2026 1/9/2026 450,000.00 91282CJW2 US TREASURY N/B 4.00% 1/31/2029 463,513.75 9,751.481/8/2026 1/9/2026 1,800,000.00 3133EPQC2 FEDERAL FARM CREDIT BANK 4.62% 7/17/2026 1,849,351.00 9,019.60 52 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
SELL1/16/2026 1/20/2026 360,000.00 69371RU20 PACCAR FINANCIAL CORP 4.00% 11/7/2028 364,399.60 1,668.231/16/2026 1/20/2026 1,675,000.00 14913UBD1 CATERPILLAR FINL SERVICE 3.95% 11/14/2028 1,689,675.79 3,381.521/20/2026 1/21/2026 625,000.00 00440KAB9 ACCENTURE CAPITAL INC (CALLABLE) 4.05% 10/4/2029 633,217.19 681.241/20/2026 1/21/2026 625,000.00 00440KAB9 ACCENTURE CAPITAL INC (CALLABLE) 4.05% 10/4/2029 633,298.44 762.491/21/2026 1/22/2026 200,000.00 02079KAV9 ALPHABET INC (CALLABLE) 3.87% 11/15/2028 202,278.11 802.461/21/2026 1/22/2026 250,000.00 02079KAV9 ALPHABET INC (CALLABLE) 3.87% 11/15/2028 252,847.64 496.811/21/2026 1/22/2026 1,235,000.00 02079KAV9 ALPHABET INC (CALLABLE) 3.87% 11/15/2028 1,249,067.34 3,491.901/23/2026 1/26/2026 1,000,000.00 91324PEP3 UNITEDHEALTH GROUP INC (CALLABLE) 5.25% 2/15/2028 1,049,209.17 11,748.621/29/2026 1/30/2026 700,000.00 61747YER2 MORGAN STANLEY (CALLABLE) 4.21% 4/20/2028 709,621.11 19,143.941/29/2026 1/30/2026 800,000.00 61747YER2 MORGAN STANLEY (CALLABLE) 4.21% 4/20/2028 811,027.56 21,910.792/3/2026 2/4/2026 50,000.00 91282CJT9 US TREASURY N/B 4.00% 1/15/2027 50,311.67 416.552/5/2026 2/6/2026 725,000.00 3133EPSW6 FEDERAL FARM CREDIT BANK 4.50% 8/14/2026 743,690.50 5,462.512/5/2026 2/6/2026 2,775,000.00 3133EPSW6 FEDERAL FARM CREDIT BANK 4.50% 8/14/2026 2,846,539.50 13,050.332/5/2026 2/6/2026 1,125,000.00 91282CGJ4 US TREASURY N/B 3.50% 1/31/2030 1,118,357.70 469.722/9/2026 2/10/2026 225,000.00 91282CGQ8 US TREASURY N/B 4.00% 2/28/2030 231,785.89 -207.012/10/2026 2/11/2026 1,500,000.00 91282CGT2 US TREASURY N/B 3.62% 3/31/2028 1,525,173.42 1,674.532/10/2026 2/11/2026 800,000.00 91282CJM4 US TREASURY N/B 4.37% 11/30/2030 831,081.73 3,821.76 53 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
SELL2/10/2026 2/11/2026 1,000,000.00 91282CJQ5 US TREASURY N/B 3.75% 12/31/2030 1,006,343.02 495.422/10/2026 2/17/2026 840,000.00 02079KAW7 ALPHABET INC (CALLABLE) 4.10% 11/15/2030 852,073.13 -497.282/23/2026 2/24/2026 1,300,000.00 91282CPK1 US TREASURY N/B 3.50% 11/15/2028 1,314,522.88 5,904.542/23/2026 2/24/2026 1,000,000.00 91282CPD7 US TREASURY N/B 3.62% 10/31/2030 1,014,155.08 2,124.972/24/2026 2/25/2026 1,350,000.00 665859AY0 NORTHERN TRUST CORP 4.15% 11/19/2030 1,375,092.00 11,754.122/24/2026 2/25/2026 335,000.00 665859AY0 NORTHERN TRUST CORP 4.15% 11/19/2030 341,226.53 2,674.593/2/2026 3/3/2026 675,000.00 91282CKZ3 US TREASURY N/B 4.37% 7/15/2027 686,375.19 5,749.093/2/2026 3/5/2026 1,000,000.00 06406RBL0 BANK OF NY MELLON CORP (CALLABLE) 5.80% 10/25/2028 1,050,011.67 19,367.953/2/2026 3/5/2026 1,500,000.00 06406RBG1 BANK OF NY MELLON CORP (CALLABLE) 3.99% 6/13/2028 1,514,029.33 38,923.673/3/2026 3/4/2026 1,650,000.00 91282CNY3 US TREASURY N/B 3.37% 9/15/2028 1,671,124.25 945.333/5/2026 3/6/2026 700,000.00 91282CJT9 US TREASURY N/B 4.00% 1/15/2027 706,027.56 4,914.123/5/2026 3/6/2026 200,000.00 91282CJP7 US TREASURY N/B 4.37% 12/15/2026 203,048.68 616.873/6/2026 3/9/2026 850,000.00 91282CFJ5 US TREASURY N/B 3.12% 8/31/2029 837,766.82 346.453/6/2026 3/9/2026 550,000.00 91282CJP7 US TREASURY N/B 4.37% 12/15/2026 558,560.69 1,688.863/9/2026 3/10/2026 1,600,000.00 91282CGS4 US TREASURY N/B 3.62% 3/31/2030 1,622,653.85 -374.433/10/2026 3/11/2026 925,000.00 91282CPR6 US TREASURY N/B 3.62% 12/31/2030 927,111.87 -5,594.913/11/2026 3/12/2026 380,000.00 91282CPK1 US TREASURY N/B 3.50% 11/15/2028 382,710.34 -415.13 54 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
SELL3/11/2026 3/12/2026 1,620,000.00 91282CPK1 US TREASURY N/B 3.50% 11/15/2028 1,631,554.60 -551.993/11/2026 3/12/2026 360,000.00 91282CPP0 US TREASURY N/B 3.50% 12/15/2028 361,492.79 -97.293/11/2026 3/12/2026 500,000.00 91282CGH8 US TREASURY N/B 3.50% 1/31/2028 500,546.98 4,439.173/11/2026 3/13/2026 1,000,000.00 023135CT1 AMAZON.COM INC (CALLABLE) 4.10% 11/20/2030 1,008,689.44 -3,171.223/12/2026 3/13/2026 325,000.00 91282CNY3 US TREASURY N/B 3.37% 9/15/2028 327,529.24 -1,729.073/12/2026 3/13/2026 650,000.00 9128282A7 US TREASURY N/B 1.50% 8/15/2026 644,733.48 612.243/12/2026 3/13/2026 1,160,000.00 91282CHE4 US TREASURY N/B 3.62% 5/31/2028 1,169,044.07 11,899.063/12/2026 3/12/2026 3,000,000.00 3130AYPN0 FEDERAL HOME LOAN BANK 4.12% 1/15/2027 3,030,693.75 12,390.173/12/2026 3/13/2026 2,000,000.00 912828U24 US TREASURY N/B 2.00% 11/15/2026 1,990,773.05 -15,107.243/13/2026 3/16/2026 1,520,000.00 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 1,541,595.82 21,573.693/13/2026 3/16/2026 2,025,000.00 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 2,037,946.50 12,954.543/16/2026 3/17/2026 2,000,000.00 91282CQB0 US TREASURY N/B 3.37% 2/29/2028 1,991,165.09 1,876.653/16/2026 3/17/2026 800,000.00 91282CPD7 US TREASURY N/B 3.62% 10/31/2030 805,318.89 -5,983.763/17/2026 3/18/2026 525,000.00 91282CKZ3 US TREASURY N/B 4.37% 7/15/2027 533,548.13 3,261.743/17/2026 3/18/2026 1,150,000.00 91282CJP7 US TREASURY N/B 4.37% 12/15/2026 1,168,784.26 3,259.373/17/2026 3/18/2026 1,000,000.00 91282CHW4 US TREASURY N/B 4.12% 8/31/2030 1,016,548.91 -3,531.003/18/2026 3/19/2026 1,650,000.00 91282CEF4 US TREASURY N/B 2.50% 3/31/2027 1,649,864.72 -10,070.52 55 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
SELL3/18/2026 3/19/2026 1,000,000.00 91282CPC9 US TREASURY N/B 3.50% 10/15/2028 1,009,591.35 -4,397.723/25/2026 3/26/2026 605,000.00 63743HGC0 NATIONAL RURAL UTIL COOP (CALLABLE) 4.30% 12/10/2030 606,960.87 -5,160.903/25/2026 3/26/2026 900,000.00 91282CGS4 US TREASURY N/B 3.62% 3/31/2030 905,176.85 -9,225.363/25/2026 3/26/2026 350,000.00 91282CNK3 US TREASURY N/B 3.87% 6/30/2030 352,049.79 -3,150.013/26/2026 3/27/2026 1,250,000.00 3130AWTQ3 FEDERAL HOME LOAN BANK 4.62% 9/11/2026 1,256,981.94 5,436.233/30/2026 3/31/2026 825,000.00 91282CQA2 US TREASURY N/B 3.50% 2/15/2029 820,549.71 -9,314.17 Total SELL 59,190,000.00 59,884,426.35 205,475.79
56 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Appendix
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sourcesexternal to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements.While efforts are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References toparticular issuers are for illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and indexcharacteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion of the strategy rated by a NRSRO.It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets.
Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of anysales charges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investmentperformance to be lower than the performance shown.The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast,projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinionas of the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct asactual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions anddata presented are not necessarily indicative of future events or expected performance.PFM Asset Management serves clients in the public sector and is a division of U.S. Bancorp Asset Management, Inc., which is the legal entity providing investmentadvisory services. U.S. Bancorp Asset Management, Inc. is a registered investment adviser, a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S.
Bancorp. U.S. Bank N.A. is not responsible for and does not guarantee the products, services, or performance of U.S. Bancorp Asset Management, Inc. Theinformation contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.For more information regarding PFMAM's services or entities, please visit www.pfmam.com.Further distribution is not permitted without prior written consent. 57 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Appendix
Important Disclosures
Generally, PFMAM’s market prices are derived from closing bid prices as of the last business day of the month as supplied by ICE Data Services. There may bedifferences in the values shown for investments due to accrued but uncollected income and the use of differing valuation sources and methods. Non-negotiable FDIC-insured bank certificates of deposit are priced at par. Although PFMAM believes the prices to be reliable, the values of the securities may not represent the prices at which the securities could have been bought or sold. Explanation of the valuation methods for a registered investment company or local governmentinvestment program is contained in the appropriate fund offering documentation or information statement.
In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly balances, and forward settling sales are excluded.
Performance is presented in accordance with the CFA Institute's Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is shown gross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past performance is not indicative of future returns.
ICE Bank of America Indices provided by Bloomberg Financial Markets.Money market fund/cash balances are included in performance and duration computations.Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings.Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity.MBS maturities are represented by expected average life. 58 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Appendix
Glossary
Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made.Agencies: Federal agency securities and/or Government-sponsored enterprises.Amortized Cost: The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short-term securities (those with less than one year to maturity at time of issuance) is amortized on a straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis.
Asset-Backed Security: A financial instrument collateralized by an underlying pool of assets – usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, and receivables.
Bankers’ Acceptance: 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 insurer.Commercial Paper: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory.Contribution to Total Return: The weight of each individual security multiplied by its return, then summed for each sector to determine how much each sector addedor subtracted from the overall portfolio performance.Effective Duration: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years.Effective Yield: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compoundingon investment returns, while nominal yield does not.FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount.Interest Rate: Interest per year divided by principal amount and expressed as a percentage.Market Value: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date.Maturity: The date upon which the principal or stated value of an investment becomes due and payable.Negotiable Certificates of Deposit: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets.Par Value: The nominal dollar face amount of a security.Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is themortgage-backed security. 59 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended March 31, 2026
Appendix
Glossary
Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.Settle Date: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments andmaturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day.Supranational: A multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whosedecisions are binding on its members.Trade Date: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place.Unsettled Trade: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place.U.S. Treasury: The department of the U.S. government that issues Treasury securities.Yield: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis.
YTM at Cost: The yield to maturity at cost is the expected rate of return based on the original cost, the annual interest receipts, maturity value, and the time periodfrom purchase date to maturity, stated as a percentage on an annualized basis.YTM at Market: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the timeperiod remaining until maturity, stated as a percentage on an annualized basis. 60