Investment Performance Review
For the Quarter Ended June 30, 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
1 California Street Ste. 1000
San Francisco, CA 94111-5411
415-393-7270
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
Monique Spyke, Managing DirectorAllison Kaune, Relationship ManagerJohn Zhang, CFA, Portfolio Manager Shelly Ilgenfritz, Key Account Manager
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 June 30, 2026.
For the Quarter Ended June 30, 2026
Market Update
▸ U.S. growth remains resilient
▹ Headline inflation may be at or near its peak as the energy shock fades, though flare-ups in the Middle East conflict and potential delayed passthroughs to core inflation remain key risks ▹ The labor market is in balance, though real wage growth remains modest ▹ AI investment continues to drive growth while fueling inflation in tech-related categories ▸ The Federal Reserve (Fed) left policy rates unchanged at 3.50-3.75% ▹ New Fed Chair Kevin Warsh stressed restoring price stability ▹ Forward guidance was removed to refocus markets on economic fundamentals and incoming data rather than the Fed's policy response
▹ Nine participants projected a 2026 rate hike though Warsh did not submit projections ▸ Treasury yields moved higher on a more hawkish Fed
▹ Given current pricing of Fed rate hikes, we continue to find value in the front end ▹ Longer-term rates face two-sided risks from inflation and growth dynamics ▹ Credit spreads remain tight as resilient growth, stable labor conditions, and strong demand outweigh valuation concerns
PFM Asset Management | pfmam.com
City of San Leandro
3 Source: Bloomberg Finance L.P. and Bureau of Labor Statistics. CPI as of May 2026. Market implied inflation expectations shown using 1-year and 5-year inflation swaps as of June 30, 2026.
For the Quarter Ended June 30, 2026
Market Update
Implications of the Energy Shock
▸ Higher energy costs lift headline inflation but the Fed remains attentive to broader passthroughs to core goods and services
▹ Oil prices ended the quarter near pre-conflict levels after peaking in April ▹ Headline inflation may be at or near peak as energy supply normalizes ▹ Fed remains focused on long-run inflation expectations
2.1%
2.4%
2%
3%
4%
Jun-25 Sep-25 Dec-25 Mar-26 Jun-26
Hundreds
Forward Inflation Expectations
June 30, 2025 to June 30, 2026
1-year 5-year
Energy prices push
headline CPI higher
4.2%
2.9%
0%
1%
2%
3%
4%
5%
May-25 Aug-25 Nov-25 Feb-26 May-26
Consumer Price Index
Year-over-Year Change
CPI Core CPI
PFM Asset Management | pfmam.com
City of San Leandro
4 3Q26
4.4%
4Q26
4.3%
2Q27
Jun ‘26 4.3%
4.2%
3.0%
3.5%
4.0%
4.5%
5.0%
Jun-23 Jun-24 Jun-25 Jun-26 Jun-27
Unemployment Rate
Mean Forecast
Actual
2.1%
0.0%
-2%
0%
2%
4%
6%
8%
May-23 May-24 May-25 May-26
Real Spending & Income
Year-Over-Year Change
Real Personal Spending
Real Personal Income
The personal savings rate is near a
two-decade low at 3.0%
For the Quarter Ended June 30, 2026
Market Update
Source: Bloomberg Finance L.P. and Bureau of Economic Analysis as of May 2026. Bureau of Labor Statistics as of June 2026. Survey responses after June 26, 2026, included in mean and forecast range. Shading represents the central 80% of the forecasts.
Labor Market Remains Balanced But Purchasing Power Erodes PFM Asset Management | pfmam.com
City of San Leandro
5 Source: Bloomberg Finance L.P. and Bureau of Economic Analysis as of March 2026. Tech investment contains contributions to GDP from computers and peripheral equipment, information processing equipment, and software.
For the Quarter Ended June 30, 2026
Market Update
Technology Investment Offsets Moderating Consumption
2.9%
2.5%
4.7%
3.4%
0.8%
3.6%
3.3%
1.9%
-0.6%
3.8%
4.4%
0.5%
2.1%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Contribution to U.S. Real GDP
Tech Investment GDP Personal Consumption
contributed 0.4% to 1Q26 GDP,
the lowest amount since 2022
PFM Asset Management | pfmam.com
City of San Leandro
6 Source: Federal Reserve and Kevin Warsh as of June 17, 2026.
For the Quarter Ended June 30, 2026
Market Update
Hawkish Lean Less Forward Guidance New Task Forces
▸ Fed voted unanimously to keep
rates unchanged
▸ New Chair Kevin Warsh
reaffirmed commitment to 2%
inflation target, noting the Fed has
“some work to do”
▸ Dot plot showed 9 of 18
participants projected at least one
hike in 2026
▸ Five task forces established with
initial findings expected by yearend
▸ Covers communications, balance
sheet, data, productivity and jobs,
and inflation framework
▸ 2% inflation target not in scope of
task forces
▸ Statement pared back and more
factual in nature
▸ No dot or projections submitted by
Warsh
▸ Chair Warsh argued markets
should focus on economic
fundamentals and incoming data
rather than anticipated policy
responses
New Fed Leadership and a Modified Approach
PFM Asset Management | pfmam.com
City of San Leandro
7 The Fed acknowledged inflation remained above the 2% target. However, it noted economic growth is expanding at a solid pace while the unemployment rate has remained little changed.
The Latest Fed “Dot Plot”
Source: Federal Reserve; Bloomberg Finance L.P. Individual dots represent each Fed member’s judgement of the midpoint of the appropriate target range for the federal funds rate at each year-end. As of June 17, 2026.
For the Quarter Ended June 30, 2026
Market Update
0%
1%
2%
3%
4%
5%
Fed Participants’ Assessments of ‘Appropriate’ Monetary Policy Jun-26 FOMC Projections
Mar-26 Median
Jun-26 Median
2026 2027 2028 Longer Term
3.8% 3.6% 3.4% 3.1%
PFM Asset Management | pfmam.com
City of San Leandro
8 Source: Bloomberg Finance L.P., as of June 30, 2026.
For the Quarter Ended June 30, 2026
Market Update
3.81%
4.17%
4.23%
4.34%
4.47%
4.96% 4.95%
3.00%
3.50%
4.00%
4.50%
5.00%
5.50%
Yield
Maturity
U.S. Treasury Yield Curve
1 Year Range
June 30, 2026
March 31, 2026
3mo 2yr 5yr 7yr 10yr 20yr 30yr
Treasury Yields Rise Across the Curve
PFM Asset Management | pfmam.com
City of San Leandro
9 For the Quarter Ended June 30, 2026
Market Update
Source: ICE BofA Indices. ABS indices are 0-5 year, based on weighted average life. As of June 30, 2026. 1-5 Year Indices
Fixed-Income Index Total Returns in 2Q 2026
2.71%
2.99%
3.95%
3.65%
4.25%
0%
1%
2%
3%
4%
5%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
1-Year Return
0.23% 0.33%
0.75% 0.71%
1.09%
0%
1%
2%
3%
4%
5%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
Second Quarter 2026 Returns
PFM Asset Management | pfmam.com
City of San Leandro
10 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 (6/30/2026) 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.
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
For the Quarter Ended June 30, 2026
Market Update
Monetary Policy (Global):
• The Federal Reserve held rates steady at Chair
Warsh’s first meeting and removed forward
guidance while shifting its focus to price stability.
• The June “dot plot” shifted more hawkish, showing
no projected rate cuts in 2026 while nine
policymakers projected at least one hike this year.
• Warsh launched five task forces to review Fed
operations and key policy frameworks.
• Global central banks diverged, with ECB and BoJ
hiking on persistent inflation while others remain on
hold.
Economic Growth (Global):
• Global growth prospects improved following easing
Middle East tensions, easing a key overhang on
global supply chains and energy prices.
• AI-related capex and easing tariff pressures are
expected to continue offsetting softening in
consumer demand.
• Risks remain skewed to the downside given
geopolitical uncertainty and signs of softer
consumer demand.
Inflation (U.S.):
• Headline inflation remains above target but may be
at or near its peak as falling oil prices provide a
disinflationary impulse.
• Core services inflation remains sticky while core
goods inflation remains muted as easing tariff
pressures offset AI-fueled inflation.
• Producer prices suggest lingering supply-chain
pressures, increasing the risk of cost passthroughs.
• While long-run inflation expectations remain
anchored, the Fed remains focused on the
passthrough of higher energy into core inflation.
Financial Conditions (U.S.):
• Equity and fixed-income markets largely looked
through the Middle East conflict, remaining focused
on fundamentals and earnings strength.
• Strong corporate fundamentals persist and credit
spreads are back near historical tights reflecting
investor demand for yield.
• AI-related capex continues to drive significant
capital flows, supporting equity valuations and
elevated investment-grade issuance.
• Elevated valuations, large capital raises, geopolitical uncertainty, and energy price volatility remain key
risks.
Consumer Spending (U.S.):
• Consumers remained resilient throughout the
quarter despite higher energy costs but are
beginning to show signs of softening.
• Real wages have turned modestly negative as
inflation outpaces nominal wage gains, eroding
purchasing power.
• The savings rate has fallen to multi-year lows,
leaving consumers with less cushion.
• Consumer spending remains supported by higherincome households while affordability pressures persist for lower-income consumers.
Labor Markets (U.S.):
• The labor market has continued to show resilience,
with recent payroll gains exceeding expectations
and the unemployment rate holding steady.
• Hiring breadth remains narrow, concentrated in
healthcare and social assistance.
• The “low-hire, low-fire” dynamic persists, with labor demand stable but hiring activity subdued.
• Slowing population growth and a softer labor force
participation rate point to a structurally tighter supply of labor going forward.
PFM Asset Management | pfmam.com
City of San Leandro
11 PFM Asset Management | pfmam.com
Portfolio Review:
CITY OF SAN LEANDRO INVESTMENT FUNDS
12 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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%
28%
25%
14%
9%
26% 28%
22%
16%
9%
0%5%
10%15%20%25%30%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 29%Corporate | 27%
Agency CMBS | 19%ABS | 13%
Commercial Paper | 4%Federal Agency | 4%Negotiable CD | 3%Supranational | 2% Sector Allocation
AAA | 11%AA+ | 52%AA | 4%AA- | 3%A-1+ | 3%A+ | 6%A | 7%A- | 6%A-1 | 5% BBB+ | 1%Not Rated | 4%
Portfolio Statistics
Portfolio Effective Duration 2.06 years
Benchmark Effective Duration 2.01 yearsPortfolio Credit Quality AA Yield At Market 4.35%
Yield At Cost 4.07%
Total Market Value $164,830,299.60
Securities Sub-Total $163,528,621.18Cash $93,516.12
Accrued Interest $1,208,162.30
13 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Characteristics
$0.0
$34.0$68.0
$102.0$136.0$170.0
Millions
June 2026
$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 Jun-26 % of Total U.S. Treasury $86.6 51.6% $65.7 40.9% $52.7 32.3% $47.0 28.7%Federal Agency $26.3 15.6% $20.0 12.4% $10.4 6.4% $5.8 3.5% Agency CMBS $4.9 2.9% $9.4 5.8% $21.2 13.1% $31.0 19.0% Supranational $2.4 1.4% $3.0 1.9% $3.0 1.8% $3.0 1.8%Negotiable CD $0.0 0.0% $0.0 0.0% $4.9 3.0% $4.9 3.0%Commercial Paper $1.7 1.0% $3.4 2.1% $6.6 4.1% $6.7 4.1%Corporate $25.8 15.3% $38.0 23.6% $45.1 27.7% $44.9 27.4% ABS $20.4 12.2% $21.5 13.3% $18.9 11.6% $20.4 12.5%
Total $168.1 100.0% $161.0 100.0% $162.8 100.0% $163.5 100.0% 14 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Portfolio Activity
Net Activity by Sector
($ millions)
U.S. TreasuryFederal Agency
Corporate
Commercial Paper
ABS
Agency CMBS
U.S. Treasury
Federal Agency
Corporate
Commercial Paper
ABS
Agency CMBS
($15.0) ($10.0) ($5.0) $0.0 $5.0 $10.0 $15.0
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 $9,913,217ABS $1,510,276
Commercial Paper ($25,323)Corporate ($69,696)Federal Agency ($4,633,627)U.S. Treasury ($5,463,556)Total Net Activity $1,231,291 Sales/Maturities Purchases
15 City of San Leandro
For the Quarter Ended June 30, 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.
PFM Asset Management | pfmam.com Return
Portfolio Performance
Portfolio Benchmark
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years Since Inception¹ Interest Earned² $1,581,959 - - -
Change in Market Value ($719,050) - - -
$4,814,350
($1,395,136)
Total Dollar Return $862,909 - - - $3,419,215
Total Return³
Portfolio 0.53% - - - 2.07%
Benchmark⁴ 0.37% - - - 1.81%
0.0%
1.0%
2.0%
3.0%
3 Months 1 Year 3 Years 5 Years Since Inception
16 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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 - CITY OF SAN LEANDRO INVESTMENT FUNDS Accrual Basis EarningsInterest Earned²Realized Gains / (Losses)³Change in Amortized CostTotal Earnings 3 Months
$1,581,959
$40,424
$100,537
$1,722,920
1 Year---- 3 Years---- 5 Year---- Since Inception¹ $4,814,350 $576,728 $307,377 $5,698,455 17 PFM Asset Management | pfmam.com
Portfolio Holdings and Transactions
18 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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 28.8% United States Treasury 28.8% AA / Aa / AA
Federal Agency 3.5%
Federal Home Loan Banks 3.5% AA / Aa / NR
Agency CMBS 18.9%
Federal Home Loan Mortgage Corp 17.7% AA / Aa / AAFederal National Mortgage Association 1.2% 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%
Bank of New York Mellon Corp 1.0% AA / Aa / AABarclays PLC 1.5% A / NR / AACitigroup Inc 1.5% A / Aa / A Corporate 27.6%
Abbott Laboratories 0.8% A / Aa / NRAdobe Inc 0.5% A / A / NRAlphabet Inc 1.1% AA / Aa / NRAmazon.com Inc 1.0% AA / A / AAAmerican Express Co 0.7% A / A / A AstraZeneca PLC 0.6% A / A / NR
Bank of America Corp 0.5% A / A / AA
Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 27.6% Bank of New York Mellon Corp 1.3% A / Aa / AA
Bayerische Motoren Werke AG 0.5% A / A / NR
Caterpillar Inc 0.4% A / A / ACisco Systems Inc 0.8% AA / A / NRCitigroup Inc 0.5% A / Aa / AA Depository Trust & Clearing Corp 2.0% AA / Aa / NRDTE Energy Co 0.5% A / Aa / AEli Lilly & Co 0.4% AA / Aa / NRGoldman Sachs Group Inc 0.7% BBB / A / AHome Depot Inc 0.4% A / A / AIntuit Inc 0.5% A / A / NRJPMorgan Chase & Co 1.4% A / A / AA KLA Corp 1.0% A / A / AMastercard Inc 1.0% A / Aa / NRMercedes-Benz Group AG 0.5% A / A / NRMeta Platforms Inc 0.5% AA / Aa / NRMorgan Stanley 1.7% A / A / AANational Rural Utilities Cooperative Fi 1.0% A / A / ANovartis AG 0.9% AA / Aa / NRNVIDIA Corp 0.7% AA / Aa / NRPNC Financial Services Group Inc 0.5% A / A / A Realty Income Corp 1.3% A / A / NRRoche Holding AG 0.8% AA / Aa / AASalesforce Inc 1.5% A / A / NRServiceNow Inc 0.1% A / A / NRTruist Financial Corp 1.0% A / A / A 19 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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 / FitchCorporate 27.6% UBS Group AG 0.3% A / Aa / AAWells Fargo & Co 0.2% BBB / A / A ABS 12.4%
Ally Auto Receivables Trust 0.2% AAA / NR / AAA
BA Credit Card Trust 0.6% AAA / Aaa / NRBank of America Corp 0.3% NR / Aaa / AAABMW Vehicle Lease Trust 0.9% AAA / Aaa / AAACapital One Financial Corp 0.8% AAA / NR / AAACarMax Inc 0.3% AAA / NR / AAAChase Auto Owner Trust 0.5% NR / Aaa / AAA Dell Equipment Finance Trust 0.2% NR / Aaa / AAAFord Credit Auto Owner Trust 0.7% AAA / Aaa / AAAGM Financial Consumer Automobile Receiv 0.1% AAA / Aaa / AAAGM Financial Leasing Trust 0.1% AAA / NR / AAAHonda Auto Receivables Owner Trust 1.0% AAA / Aaa / AAAHyundai Auto Lease Securitization Trust 0.6% AAA / NR / AAAHyundai Auto Receivables Trust 1.6% AAA / NR / AAAJohn Deere Owner Trust 0.2% NR / Aaa / AAAJPMorgan Chase & Co 0.8% AAA / NR / AAAKubota Credit Owner Trust 0.2% NR / Aaa / AAAMercedes-Benz Auto Lease Trust 0.2% NR / Aaa / AAAMercedes-Benz Auto Receivables Trust 0.0% AAA / NR / AAAPorsche Innovative Lease Owner 0.2% AAA / NR / AAAT-Mobile US Trust 0.9% NR / Aaa / AAAToyota Auto Receivables Owner Trust 0.2% AAA / NR / AAAToyota Lease Owner Trust 1.2% AAA / Aaa / AAA Security Type / Issuer Market Value (%) S&P / Moody's / FitchABS 12.4% USAA Auto Owner Trust 0.2% AAA / Aaa / NRVolkswagen Auto Lease Trust 0.5% AAA / NR / AAA Total 100.0%
20 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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
TREASURY BILLDTD 03/10/2026 0.000% 07/07/2026
912797UN5 800,000.00 A-1+ P-1 6/29/2026 6/30/2026 799,441.40 3.59 0.00 799,521.21 799,524.80 US TREASURY N/BDTD 03/31/2022 2.500% 03/31/2027
91282CEF4 1,250,000.00 AA+ Aa1 8/18/2022 8/19/2022 1,220,068.36 3.06 7,855.19 1,244,860.71 1,236,132.50 US TREASURY N/BDTD 04/15/2024 4.500% 04/15/2027
91282CKJ9 1,400,000.00 AA+ Aa1 4/26/2024 4/29/2024 1,386,929.69 4.84 13,254.10 1,396,338.55 1,405,072.20 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 9,099.86 2,965,935.09 2,956,431.00 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 8,073.20 400,810.75 400,999.60 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 41,779.89 3,925,753.42 3,954,376.00 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 5,184.43 502,883.60 499,863.50 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 10,368.85 999,824.27 999,727.00 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 3,282.10 1,003,643.54 996,055.00 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 6,564.21 1,995,291.89 1,992,110.00 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 36,498.62 2,475,445.00 2,474,220.00 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 25,945.31 2,287,011.82 2,271,339.70 US TREASURY N/BDTD 03/02/2026 3.375% 02/29/2028
91282CQB0 50,000.00 AA+ Aa1 3/12/2026 3/13/2026 49,652.34 3.74 564.03 49,703.79 49,376.95 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 4,556.01 500,958.03 495,429.50 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 9,112.02 993,593.19 990,859.00 21 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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 04/15/2025 3.750% 04/15/2028
91282CMW8 475,000.00 AA+ Aa1 3/26/2026 3/31/2026 472,532.23 4.02 3,747.44 472,827.48 471,623.23 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 1,733.36 174,444.72 172,087.83 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 1,951.30 264,783.37 261,138.95 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 5,005.52 299,224.02 298,710.90 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 18,080.11 1,377,066.48 1,352,227.25 US TREASURY N/BDTD 05/15/2019 2.375% 05/15/2029
9128286T2 500,000.00 AA+ Aa1 9/4/2025 9/5/2025 479,199.22 3.59 1,516.64 483,589.83 476,074.00 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 4.09 115.49 1,004,394.86 1,002,266.00 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 3.62 114.81 1,286,457.13 1,266,636.80 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 4.35 173.23 1,495,868.87 1,503,399.00 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 17,234.21 1,626,486.97 1,599,082.65 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 4,398.91 498,087.75 489,844.00 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 8,617.66 1,254,315.79 1,238,013.52 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 8,734.63 2,540,034.49 2,496,095.00 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 31,023.83 2,111,715.31 2,077,270.38 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 30,415.76 2,302,090.70 2,261,224.87 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 6,437.16 1,923,466.17 1,887,159.80 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 16,567.77 1,031,777.42 1,012,908.08 22 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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 12,408.63 915,289.12 897,504.30 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 1,667.52 460,548.61 453,041.10 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 76.34 775,963.95 756,744.87 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 8,523.10 606,577.75 601,008.00 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 12,429.52 893,421.32 876,470.00 US TREASURY N/BDTD 04/01/2024 4.125% 03/31/2031
91282CKF7 1,375,000.00 AA+ Aa1 5/1/2026 5/6/2026 1,381,713.87 4.01 14,257.17 1,381,526.00 1,369,843.75 US TREASURY N/BDTD 04/30/2024 4.625% 04/30/2031
91282CKN0 650,000.00 AA+ Aa1 6/2/2026 6/3/2026 662,720.70 4.18 5,064.88 662,542.38 661,629.15 Security Type Sub-Total 47,430,000.00 47,058,926.38 3.89 392,432.81 47,384,075.35 47,003,520.18 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 28,545.66 1,414,154.86 1,417,152.22 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 33,828.75 1,566,672.95 1,553,853.30 Security Type Sub-Total 2,965,000.00 2,988,271.60 4.13 62,374.41 2,980,827.81 2,971,005.52 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 20,041.67 1,625,000.00 1,622,258.63 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 20,041.67 1,625,000.00 1,622,341.50 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 18,918.61 1,625,000.00 1,623,184.88 Security Type Sub-Total 4,875,000.00 4,875,000.00 4.01 59,001.95 4,875,000.00 4,867,785.01 23 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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 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 18,717.64 1,728,762.15 1,738,933.72 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 27,750.00 2,016,372.44 2,010,618.00 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 5,347.22 2,003,734.37 2,008,002.00 Security Type Sub-Total 5,730,000.00 5,779,392.80 4.35 51,814.86 5,748,868.96 5,757,553.72 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 31,340.80 2,113,526.76 2,110,899.17 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 5,900.00 974,736.96 991,784.00 SERVICENOW INCDTD 05/15/2026 4.250% 05/15/2028
81762PAF9 200,000.00 A A2 5/12/2026 5/15/2026 199,276.00 4.44 1,086.11 199,320.95 199,330.80 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 3,336.81 789,730.50 782,472.55 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 3,444.44 815,041.29 807,713.60 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 16,239.67 828,004.09 823,617.30 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 16,390.25 740,287.17 753,093.00 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 5,161.96 280,000.00 277,589.76 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 17,329.42 939,018.95 931,908.48 24 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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
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 15,520.00 808,167.26 805,002.40
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 3,333.08 234,250.72 231,185.25
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 16,907.64 1,020,913.53 1,014,239.80 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 20,629.34 1,250,159.64 1,238,008.27
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 15,079.56 1,308,502.61 1,284,912.19 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 9,893.65 754,715.00 745,743.70 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 9,805.00 891,903.10 880,255.80 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 20,317.55 1,683,926.23 1,667,300.98 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 34,038.00 2,439,515.52 2,438,736.08 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 6,148.28 490,000.00 488,002.27 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 6,051.50 599,073.40 592,724.34 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 1,105.90 1,667,644.24 1,641,802.50
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 15,664.20 808,534.14 800,883.23 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 15,589.11 816,847.39 806,380.00 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 16,345.00 1,255,053.42 1,241,853.75 25 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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
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 6,640.58 847,512.07 840,062.65 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 6,289.02 802,525.82 795,588.75 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 24,285.71 2,200,943.28 2,173,452.43 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 5,047.44 275,000.00 271,395.30 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 21,878.06 1,129,670.17 1,114,722.00 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 27,496.39 1,258,087.47 1,258,467.50
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 2,395.83 235,243.50 230,775.50
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 6,612.50 648,318.94 636,940.38 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 13,949.71 800,000.00 789,550.40 MORGAN STANLEY (CALLABLE)DTD 04/17/2026 4.555% 04/10/2030 61748UAV4 600,000.00 A- A1 4/15/2026 4/17/2026 600,000.00 4.56 5,617.83 600,000.00 596,194.80
AMERICAN EXPRESS CO (CALLABLE)
DTD 05/04/2026 4.444% 05/03/2030
025816ET2 335,000.00 A- A2 4/27/2026 5/4/2026 335,000.00 4.44 2,357.17 335,000.00 332,935.40 MORGAN STANLEY BANK NA(CALLABLE)DTD 05/06/2026 4.788% 05/10/2030 61778EUR0 250,000.00 A+ Aa3 5/4/2026 5/6/2026 250,000.00 4.79 1,828.75 250,000.00 250,247.00 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 9,502.89 1,486,070.99 1,463,859.44 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 4,508.00 842,518.82 826,822.92 26 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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
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 25,146.67 1,599,299.43 1,572,128.00
ALPHABET INC (CALLABLE)
DTD 02/13/2026 4.100% 02/15/2031
02079KBK2 30,000.00 AA+ Aa2 2/10/2026 2/17/2026 29,971.50 4.12 471.50 29,973.49 29,477.40 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 7,743.75 820,081.91 809,622.78 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 9,180.00 718,968.07 708,951.60 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 11,666.25 913,619.22 900,959.33 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 10,540.00 799,333.17 789,972.00 CATERPILLAR FINL SERVICEDTD 05/15/2026 4.500% 05/15/2031 14913V2D9 650,000.00 A A1 5/11/2026 5/15/2026 649,109.50 4.53 3,737.50 649,130.84 646,924.85 ELI LILLY & CO (CALLABLE)DTD 05/20/2026 4.375% 05/20/2031 532457DL9 730,000.00 AA- Aa3 5/6/2026 5/20/2026 729,218.90 4.40 3,637.33 729,237.33 724,381.19 MASTERCARD INC (CALLABLE)DTD 06/08/2026 4.600% 06/08/2031 57636QBL7 650,000.00 A+ Aa3 6/5/2026 6/8/2026 650,604.50 4.58 1,910.28 650,599.20 649,000.95 MASTERCARD INC (CALLABLE)DTD 06/08/2026 4.600% 06/08/2031 57636QBL7 985,000.00 A+ Aa3 6/4/2026 6/8/2026 984,212.00 4.62 2,894.81 984,221.13 983,486.06 NVIDIA CORP (CALLABLE)DTD 06/18/2026 4.500% 06/15/2031
67066GAR5 1,115,000.00 AA Aa1 6/15/2026 6/18/2026 1,112,881.50 4.54 1,811.88 1,112,898.77 1,111,052.90 INTUIT INC (CALLABLE)DTD 06/11/2026 4.950% 06/15/2031
46124HAK2 815,000.00 A A3 6/12/2026 6/15/2026 816,988.60 4.89 2,241.25 816,974.86 814,981.26 Security Type Sub-Total 45,153,000.00 45,224,608.47 4.32 526,048.37 45,244,101.35 44,877,392.01 Commercial Paper
CITIGROUP GLOBAL MARKETSDTD 04/27/2026 0.000% 10/23/2026 17291YKP1 2,500,000.00 A-1 P-1 4/27/2026 4/27/2026 2,451,769.45 3.88 0.00 2,469,283.34 2,468,707.50 BANK OF NEW YORK MELLONDTD 06/03/2026 0.000% 02/26/2027 06406XPS7 1,775,000.00 A-1+ P-1 6/3/2026 6/4/2026 1,722,999.90 3.95 0.00 1,728,258.34 1,726,782.13 27 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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
Commercial Paper
BARCLAYS CAPITAL INCDTD 06/04/2026 0.000% 03/01/2027
06743VQ11 2,525,000.00 A-1 NR 6/4/2026 6/5/2026 2,449,907.90 3.98 0.00 2,457,165.87 2,454,941.35 Security Type Sub-Total 6,800,000.00 6,624,677.25 3.94 0.00 6,654,707.55 6,650,430.98 Agency CMBS
FHMS K079 AMDTD 08/01/2018 3.930% 06/01/2028
3137FGZU2 773,000.00 AA+ Aa1 6/11/2026 6/16/2026 764,454.73 4.50 2,531.58 764,621.52 764,524.05 FHMS K080 A2DTD 09/01/2018 3.926% 07/01/2028
3137FHPJ6 1,050,000.00 AA+ Aa1 6/10/2026 6/15/2026 1,038,761.72 4.45 3,435.25 1,038,987.09 1,038,497.25 FNA 2023-M5 2A2DTD 07/01/2023 4.500% 07/01/2028
3136BQCS6 821,230.13 AA+ Aa1 4/2/2026 4/7/2026 825,143.81 4.28 3,079.61 824,767.72 820,284.89 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 1,955,672.26 1,975,744.00 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 2,600.00 789,582.66 790,297.60 FHMS K508 A2DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 1,110,000.00 AA+ Aa1 4/2/2026 4/7/2026 1,122,834.38 4.23 4,384.50 1,121,645.17 1,114,330.11 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 1,612,228.66 1,593,048.03 FHMS K507 A2DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 1,660,000.00 AA+ Aa1 4/1/2026 4/7/2026 1,681,722.66 4.24 6,640.00 1,679,779.76 1,668,622.04 FHMS K509 A2DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 1,126,412.00 AA+ Aa1 4/2/2026 4/7/2026 1,142,780.17 4.23 4,552.58 1,141,314.96 1,132,694.00 FHMS K086 A2DTD 12/01/2018 3.859% 11/01/2028
3137FKSH0 851,000.00 AA+ Aa1 6/10/2026 6/15/2026 839,398.48 4.44 2,736.67 839,597.01 838,851.12 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 1,623,699.97 1,600,044.80 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 1,092,641.59 1,075,814.30 FHMS K114 A1DTD 08/01/2020 0.829% 03/01/2030
3137FVNF5 1,504,908.59 AA+ Aa1 2/10/2026 2/13/2026 1,412,674.16 2.39 1,039.64 1,420,853.08 1,407,002.25 FHMS K122 A1DTD 12/01/2020 0.863% 05/01/2030
3137F82M4 1,428,248.56 AA+ Aa1 3/16/2026 3/19/2026 1,335,133.45 2.50 1,027.15 1,341,112.34 1,330,939.13 28 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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 K112 A2DTD 07/01/2020 1.311% 05/01/2030
3137FUZV9 1,750,000.00 AA+ Aa1 6/1/2026 6/4/2026 1,556,337.89 4.34 1,911.88 1,559,680.22 1,557,307.50 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 1,073,726.98 1,056,811.52 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 1,058,243.85 1,039,781.27 FHMS K123 A1DTD 01/01/2021 0.932% 06/01/2030
3137F8ZU0 1,345,392.82 AA+ Aa1 3/16/2026 3/19/2026 1,257,784.62 2.54 1,044.92 1,263,294.51 1,252,434.25 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 1,628,766.16 1,599,929.45 FHMS K549 AS FLOATINGDTD 11/06/2025 4.150% 07/25/2030
3137HNND6 1,666,947.91 AA+ Aa1 10/29/2025 11/6/2025 1,666,947.91 4.70 1,153.00 1,666,947.91 1,664,234.11 FHMS K548 AS FLOATINGDTD 10/16/2025 4.122% 07/25/2030
3137HNN53 1,673,397.22 AA+ Aa1 10/7/2025 10/16/2025 1,673,397.22 4.84 1,165.57 1,673,397.22 1,672,162.25 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 1,252,453.34 1,242,015.00 FHMS K558 AS FLOATINGDTD 03/26/2026 4.121% 11/25/2030
3137HQSW2 1,624,705.58 AA+ Aa1 3/17/2026 3/26/2026 1,624,705.58 4.16 1,119.00 1,624,705.58 1,624,063.82 FNA 2026-M11 2A2DTD 05/01/2026 4.250% 05/01/2031
3136G5V64 1,175,000.00 AA+ Aa1 6/26/2026 6/29/2026 1,160,679.69 4.53 4,161.46 1,160,477.09 1,158,591.13 Security Type Sub-Total 31,615,242.80 31,152,279.29 3.74 82,637.97 31,208,196.65 31,018,023.87 ABS
GMALT 2024-2 A3DTD 05/16/2024 5.390% 07/20/2027
36269WAD1 85,787.03 AAA NR 5/7/2024 5/16/2024 85,782.05 5.39 141.29 85,785.37 85,860.72 MBART 2023-1 A3DTD 01/25/2023 4.510% 11/15/2027
58770AAC7 32,079.06 AAA NR 1/18/2023 1/25/2023 32,075.21 4.51 64.30 32,077.91 32,097.99 JDOT 2023-A A3DTD 03/02/2023 5.010% 11/15/2027
47800CAC0 121,920.80 NR Aaa 2/22/2023 3/2/2023 121,898.59 5.01 271.48 121,913.86 122,120.26 MBALT 2024-A A3DTD 05/23/2024 5.320% 01/18/2028
58770JAD6 335,608.85 NR Aaa 5/17/2024 5/23/2024 335,569.58 5.32 793.53 335,591.44 336,790.53 GMCAR 2023-2 A3DTD 04/12/2023 4.470% 02/16/2028
362583AD8 87,157.40 AAA Aaa 4/4/2023 4/12/2023 87,155.00 4.47 162.33 87,156.58 87,220.85 29 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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
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 1,264,992.02 1,267,517.35 BMWOT 2023-A A3DTD 07/18/2023 5.470% 02/25/2028
05592XAD2 58,153.40 AAA NR 7/11/2023 7/18/2023 58,143.10 5.47 53.02 58,149.47 58,344.38 HAROT 2023-4 A3DTD 11/08/2023 5.670% 06/21/2028
438123AC5 173,099.33 NR Aaa 11/1/2023 11/8/2023 173,068.85 5.67 272.63 173,085.48 174,163.90 DEFT 2026-1A A2DTD 04/22/2026 4.240% 07/24/2028
246921AC4 315,000.00 NR Aaa 4/8/2026 4/22/2026 314,991.50 4.24 333.90 314,992.54 314,679.65 TAOT 2023-D A3DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 334,967.39 AAA NR 11/7/2023 11/14/2023 334,931.28 5.54 824.76 334,950.66 337,080.70 JDOT 2024-A A3DTD 03/19/2024 4.960% 11/15/2028
47800RAD5 238,558.36 NR Aaa 3/11/2024 3/19/2024 238,545.00 4.97 525.89 238,480.58 239,447.46 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 3.97 889.35 734,899.75 730,470.20 HAROT 2024-2 A3DTD 05/21/2024 5.270% 11/20/2028
437930AC4 406,520.31 AAA NR 5/14/2024 5/21/2024 406,470.92 5.27 773.63 406,493.02 408,724.87 GMCAR 2024-1 A3DTD 01/17/2024 4.850% 12/18/2028
36268GAD7 144,278.29 NR Aaa 1/9/2024 1/17/2024 144,249.27 4.85 291.56 144,262.90 144,677.22 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 1,244,898.74 1,247,740.25 HART 2024-A A3DTD 03/20/2024 4.990% 02/15/2029
448973AD9 490,210.06 AAA NR 3/20/2024 3/20/2024 490,101.97 5.00 1,087.18 490,149.94 491,891.48 BMWOT 2024-A A3DTD 06/11/2024 5.180% 02/26/2029
096919AD7 561,874.76 AAA Aaa 6/4/2024 6/11/2024 561,789.41 5.18 485.09 561,824.72 564,718.97 HART 2024-B A3DTD 07/24/2024 4.840% 03/15/2029
44934QAD3 470,156.65 AAA NR 7/16/2024 7/24/2024 470,085.71 4.84 1,011.36 470,113.81 471,575.11 HALST 2026-B A3DTD 04/22/2026 4.210% 04/16/2029
448972AD1 660,000.00 AAA NR 4/16/2026 4/22/2026 659,903.77 4.22 1,234.93 659,909.76 657,433.26 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 1,019,967.28 1,026,584.10 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 4.03 540.69 804,984.60 799,769.92 CARMX 2026-2 A2ADTD 04/29/2026 4.110% 08/15/2029
142935AB1 425,000.00 AAA NR 4/21/2026 4/29/2026 424,968.04 4.11 776.33 424,970.16 424,139.38 30 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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
PILOT 2026-1A A3DTD 06/12/2026 4.410% 08/20/2029
73328FAD0 375,000.00 AAA NR 6/4/2026 6/12/2026 374,990.55 4.41 872.81 374,991.23 374,641.88 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 3.95 667.11 379,973.00 378,380.44 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 4.01 579.22 324,954.91 322,355.80 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 3.96 607.20 344,958.45 343,677.96 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 1,396.80 809,891.71 804,160.71 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 1,138.24 654,942.42 650,021.35 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 3.88 550.40 319,933.36 315,260.16 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 3.85 658.78 384,929.55 381,521.91 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 1,014,838.56 1,003,200.63 BAAT 2026-1A A3DTD 04/24/2026 4.180% 10/15/2030
05620EAD0 425,000.00 NR Aaa 4/15/2026 4/24/2026 424,934.93 4.18 789.56 424,938.36 422,186.93 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 4.05 882.00 489,913.33 486,472.98 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 1,489,701.52 1,482,149.19 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 3.86 514.67 799,974.58 793,050.40 HAROT 2026-2 A3DTD 05/13/2026 4.300% 11/15/2030
43814YAD3 1,065,000.00 AAA Aaa 5/5/2026 5/13/2026 1,064,969.22 4.30 2,035.33 1,064,970.33 1,062,276.80 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 4.21 984.09 764,938.82 758,629.08 31 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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
HART 2026-B A3DTD 06/17/2026 4.510% 02/18/2031
44935KAD5 780,000.00 AAA NR 6/9/2026 6/17/2026 779,905.85 4.51 1,368.03 779,908.89 781,875.12 Security Type Sub-Total 20,435,371.71 20,432,924.22 4.39 33,851.93 20,433,409.61 20,382,909.89 Managed Account Sub Total 165,003,614.51 164,136,080.01 1,208,162.30 163,528,621.18Securities Sub TotalAccrued Interest $165,003,614.51 $164,136,080.01 $1,208,162.30 $163,528,621.18 $1,208,162.30
164,529,187.28
$164,529,187.28
4.07 4.07%
Total Investments $164,736,783.48
32 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY4/1/2026 4/7/2026 1,660,000.00 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 1,683,050.66 4.24%4/2/2026 4/7/2026 1,126,412.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,143,690.69 4.23%4/2/2026 4/7/2026 1,110,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,123,711.28 4.23%4/2/2026 4/7/2026 821,751.41 3136BQCS6 FNA 2023-M5 2A2 4.50% 7/1/2028 826,283.88 4.28%4/8/2026 4/22/2026 315,000.00 246921AC4 DEFT 2026-1A A2 4.24% 7/24/2028 314,991.50 4.24%4/10/2026 4/13/2026 950,000.00 91282CQE4 US TREASURY N/B 3.50% 3/15/2029 944,715.94 3.80%4/15/2026 4/17/2026 600,000.00 61748UAV4 MORGAN STANLEY (CALLABLE) 4.55% 4/10/2030 600,000.00 4.56%4/15/2026 4/24/2026 425,000.00 05620EAD0 BAAT 2026-1A A3 4.18% 10/15/2030 424,934.93 4.18%4/16/2026 4/22/2026 660,000.00 448972AD1 HALST 2026-B A3 4.21% 4/16/2029 659,903.77 4.22%4/21/2026 4/29/2026 425,000.00 142935AB1 CARMX 2026-2 A2A 4.11% 8/15/2029 424,968.04 4.11%4/22/2026 4/23/2026 485,000.00 91282CKF7 US TREASURY N/B 4.12% 3/31/2031 490,500.97 3.93%4/27/2026 4/27/2026 2,500,000.00 17291YKP1 CITIGROUP GLOBAL MARKETS 0.00% 10/23/2026 2,451,769.45 3.88%4/27/2026 5/4/2026 335,000.00 025816ET2 AMERICAN EXPRESS CO (CALLABLE) 4.44% 5/3/2030 335,000.00 4.44%5/1/2026 5/6/2026 1,615,000.00 91282CKF7 US TREASURY N/B 4.12% 3/31/2031 1,629,438.40 4.01%5/4/2026 5/6/2026 250,000.00 61778EUR0 MORGAN STANLEY BANK NA (CALLABLE) 4.78% 5/10/2030 250,000.00 4.79%5/5/2026 5/13/2026 1,065,000.00 43814YAD3 HAROT 2026-2 A3 4.30% 11/15/2030 1,064,969.22 4.30%5/6/2026 5/20/2026 730,000.00 532457DL9 ELI LILLY & CO (CALLABLE) 4.37% 5/20/2031 729,218.90 4.40% 33 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY5/11/2026 5/15/2026 650,000.00 14913V2D9 CATERPILLAR FINL SERVICE 4.50% 5/15/2031 649,109.50 4.53%5/12/2026 5/15/2026 200,000.00 81762PAF9 SERVICENOW INC 4.25% 5/15/2028 199,276.00 4.44%6/1/2026 6/4/2026 1,750,000.00 3137FUZV9 FHMS K112 A2 1.31% 5/1/2030 1,556,529.08 4.34%6/1/2026 6/5/2026 900,000.00 91282CKN0 US TREASURY N/B 4.62% 4/30/2031 921,896.23 4.17%6/2/2026 6/3/2026 2,000,000.00 91282CKN0 US TREASURY N/B 4.62% 4/30/2031 2,047,686.83 4.18%6/3/2026 6/4/2026 1,775,000.00 06406XPS7 BANK OF NEW YORK MELLON 0.00% 2/26/2027 1,722,999.90 3.95%6/4/2026 6/5/2026 2,525,000.00 06743VQ11 BARCLAYS CAPITAL INC 0.00% 3/1/2027 2,449,907.90 3.98%6/4/2026 6/8/2026 985,000.00 57636QBL7 MASTERCARD INC (CALLABLE) 4.60% 6/8/2031 984,212.00 4.62%6/4/2026 6/12/2026 375,000.00 73328FAD0 PILOT 2026-1A A3 4.41% 8/20/2029 374,990.55 4.41%6/5/2026 6/8/2026 650,000.00 57636QBL7 MASTERCARD INC (CALLABLE) 4.60% 6/8/2031 650,604.50 4.58%6/9/2026 6/17/2026 780,000.00 44935KAD5 HART 2026-B A3 4.51% 2/18/2031 779,905.85 4.51%6/10/2026 6/15/2026 1,050,000.00 3137FHPJ6 FHMS K080 A2 3.92% 7/1/2028 1,040,364.84 4.45%6/10/2026 6/15/2026 851,000.00 3137FKSH0 FHMS K086 A2 3.85% 11/1/2028 840,675.59 4.44%6/11/2026 6/16/2026 773,000.00 3137FGZU2 FHMS K079 AM 3.93% 6/1/2028 765,720.52 4.50%6/12/2026 6/15/2026 815,000.00 46124HAK2 INTUIT INC (CALLABLE) 4.95% 6/15/2031 817,436.85 4.89%6/15/2026 6/18/2026 1,115,000.00 67066GAR5 NVIDIA CORP (CALLABLE) 4.50% 6/15/2031 1,112,881.50 4.54%6/26/2026 6/29/2026 1,175,000.00 3136G5V64 FNA 2026-M11 2A2 4.25% 5/1/2031 1,164,563.72 4.53% 34 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY6/29/2026 6/30/2026 800,000.00 912797UN5 TREASURY BILL 0.00% 7/7/2026 799,441.40 3.59% Total BUY 34,242,163.41 33,975,350.39 0.00
INTEREST4/1/2026 4/1/2026 MONEY0002 MONEY MARKET FUND 0.00% 8,997.724/1/2026 4/25/2026 3137HMC65 FHMS K543 A2 4.32% 6/1/2030 5,808.084/1/2026 4/25/2026 3137HN4R6 FHMS K546 A2 4.36% 5/1/2030 3,797.704/1/2026 4/25/2026 3137FL6P4 FHMS K089 A2 3.56% 1/1/2029 3,266.084/1/2026 4/25/2026 3137HN6B9 FHMS K547 A2 4.42% 5/1/2030 3,905.224/1/2026 4/25/2026 3137HNNC8 FHMS K549 A2 4.34% 9/1/2030 4,520.834/1/2026 4/25/2026 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 6,161.254/1/2026 4/25/2026 3137FVNF5 FHMS K114 A1 0.82% 3/1/2030 1,083.804/1/2026 4/25/2026 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 6,096.004/1/2026 4/25/2026 3137F82M4 FHMS K122 A1 0.86% 5/1/2030 1,088.084/1/2026 4/25/2026 3137F8ZU0 FHMS K123 A1 0.93% 6/1/2030 1,105.534/1/2026 4/25/2026 3137FJEH8 FHMS K081 A2 3.90% 8/1/2028 9,100.004/9/2026 4/9/2026 3130B0TY5 FEDERAL HOME LOAN BANK 4.75% 4/9/2027 41,087.504/15/2026 4/15/2026 14041NGF2 COMET 2025-A1 A 3.82% 9/15/2030 3,231.08 35 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST4/15/2026 4/15/2026 47800RAD5 JDOT 2024-A A3 4.96% 11/15/2028 1,213.734/15/2026 4/15/2026 02008KAC7 ALLYA 2025-1 A3 3.96% 3/15/2030 1,138.504/15/2026 4/15/2026 47800BAC2 JDOT 2022-C A3 5.09% 6/15/2027 413.324/15/2026 4/15/2026 44935JAD8 HART 2025-C A3 3.88% 4/15/2030 2,619.004/15/2026 4/15/2026 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 294.174/15/2026 4/15/2026 448970AE3 HALST 2026-A A4 4.01% 12/17/2029 1,086.044/15/2026 4/15/2026 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 1,991.764/15/2026 4/15/2026 05522RDJ4 BACCT 2024-A1 A 4.93% 5/15/2029 4,190.504/15/2026 4/15/2026 58770JAD6 MBALT 2024-A A3 5.32% 1/18/2028 2,087.884/15/2026 4/15/2026 448988AD7 HALST 2024-A A3 5.02% 3/15/2027 648.144/15/2026 4/15/2026 437076CW0 HOME DEPOT INC (CALLABLE) 4.90% 4/15/2029 14,332.504/15/2026 4/15/2026 448979AD6 HART 2023-A A3 4.58% 4/15/2027 66.434/15/2026 4/15/2026 91282CKJ9 US TREASURY N/B 4.50% 4/15/2027 31,500.004/15/2026 4/15/2026 47800CAC0 JDOT 2023-A A3 5.01% 11/15/2027 874.104/15/2026 4/15/2026 161571HV9 CHAIT 2024-A1 A 4.60% 1/15/2029 4,772.504/15/2026 4/15/2026 90327HAC3 USAOT 2025-A A3 3.95% 12/17/2029 1,250.834/15/2026 4/15/2026 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 2,536.46 36 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST4/15/2026 4/15/2026 448973AD9 HART 2024-A A3 4.99% 2/15/2029 2,604.434/15/2026 4/15/2026 91282CPC9 US TREASURY N/B 3.50% 10/15/2028 4,637.504/15/2026 4/15/2026 34532BAG6 FORDO 2025-B A3 3.91% 4/15/2030 2,134.214/15/2026 4/15/2026 91282CMW8 US TREASURY N/B 3.75% 4/15/2028 23,437.504/15/2026 4/15/2026 47800AAC4 JDOT 2022-B A3 3.74% 2/16/2027 1.054/15/2026 4/15/2026 50118HAC0 KCOT 2026-1A A3 3.87% 5/15/2030 1,032.004/15/2026 4/15/2026 14043YAD7 COPAR 2025-1 A3 3.85% 7/15/2030 1,235.214/15/2026 4/15/2026 44934QAD3 HART 2024-B A3 4.84% 3/15/2029 2,299.004/15/2026 4/15/2026 34532WAD7 FORDO 2026-A A3 4.05% 10/15/2030 1,157.634/16/2026 4/16/2026 36268GAD7 GMCAR 2024-1 A3 4.85% 12/18/2028 771.424/16/2026 4/16/2026 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 576.674/18/2026 4/18/2026 437930AC4 HAROT 2024-2 A3 5.27% 11/20/2028 2,273.144/20/2026 4/20/2026 89240NAD4 TLOT 2025-B A3 3.96% 11/20/2028 2,425.504/20/2026 4/20/2026 92868CAE1 VWALT 2026-A A4 4.21% 11/20/2030 2,326.034/20/2026 4/20/2026 36269FAD8 GMALT 2024-1 A3 5.09% 3/22/2027 474.174/20/2026 4/20/2026 36269WAD1 GMALT 2024-2 A3 5.39% 7/20/2027 1,641.244/20/2026 4/20/2026 89239NAD7 TLOT 2025-A A3 4.75% 2/22/2028 5,007.29 37 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST4/20/2026 4/20/2026 89238GAD3 TLOT 2024-A A3 5.25% 4/20/2027 299.174/20/2026 4/20/2026 87269AAA8 TMUST 2026-1A A 4.25% 10/21/2030 5,277.084/21/2026 4/21/2026 43815JAC7 HAROT 2023-1 A3 5.04% 4/21/2027 170.574/21/2026 4/21/2026 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 1,098.944/23/2026 4/23/2026 89788JAH2 TRUIST BANK (CALLABLE) 4.13% 10/23/2029 34,225.404/25/2026 4/25/2026 3137HNND6 FHMS K549 AS FLOATING 4.15% 7/25/2030 6,024.724/25/2026 4/25/2026 3137HNN53 FHMS K548 AS FLOATING 4.12% 7/25/2030 6,052.624/25/2026 4/25/2026 05594HAE3 BMWLT 2025-2 A4 4.03% 5/25/2029 2,703.464/25/2026 4/25/2026 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 3,105.174/25/2026 4/25/2026 06406RBT3 BANK OF NY MELLON CORP (CALLABLE) 6.31% 10/25/2029 66,233.754/25/2026 4/25/2026 3137HQSW2 FHMS K558 AS FLOATING 4.12% 11/25/2030 5,645.374/25/2026 4/25/2026 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 448.004/25/2026 4/25/2026 16144MAD6 CHAOT 2025-2A A3 3.86% 10/25/2030 2,573.334/30/2026 4/30/2026 91282CLR0 US TREASURY N/B 4.12% 10/31/2029 25,575.004/30/2026 4/30/2026 91282CPD7 US TREASURY N/B 3.62% 10/31/2030 3,625.005/1/2026 5/1/2026 MONEY0002 MONEY MARKET FUND 0.00% 2,493.725/1/2026 5/1/2026 46647PAF3 JPMORGAN CHASE & CO (CALLABLE) 3.54% 5/1/2028 17,700.00 38 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST5/1/2026 5/25/2026 3137HN4R6 FHMS K546 A2 4.36% 5/1/2030 3,797.705/1/2026 5/25/2026 3137HNNC8 FHMS K549 A2 4.34% 9/1/2030 4,520.835/1/2026 5/25/2026 3137HN6B9 FHMS K547 A2 4.42% 5/1/2030 3,905.225/1/2026 5/25/2026 3137F8ZU0 FHMS K123 A1 0.93% 6/1/2030 1,085.695/1/2026 5/25/2026 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 4,384.505/1/2026 5/25/2026 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 4,552.585/1/2026 5/25/2026 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 6,161.255/1/2026 5/25/2026 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 6,096.005/1/2026 5/25/2026 3136BQCS6 FNA 2023-M5 2A2 4.50% 7/1/2028 3,081.575/1/2026 5/25/2026 3137F82M4 FHMS K122 A1 0.86% 5/1/2030 1,068.125/1/2026 5/25/2026 3137FL6P4 FHMS K089 A2 3.56% 1/1/2029 3,266.085/1/2026 5/25/2026 3137HMC65 FHMS K543 A2 4.32% 6/1/2030 5,808.085/1/2026 5/25/2026 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 6,640.005/1/2026 5/25/2026 3137FJEH8 FHMS K081 A2 3.90% 8/1/2028 9,100.005/1/2026 5/25/2026 3137FVNF5 FHMS K114 A1 0.82% 3/1/2030 1,069.365/5/2026 5/5/2026 66989HAY4 NOVARTIS CAPITAL CORP (CALLABLE) 4.10% 11/5/2030 30,545.005/15/2026 5/15/2026 44934QAD3 HART 2024-B A3 4.84% 3/15/2029 2,188.13 39 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST5/15/2026 5/15/2026 02008KAC7 ALLYA 2025-1 A3 3.96% 3/15/2030 1,138.505/15/2026 5/15/2026 9128286T2 US TREASURY N/B 2.37% 5/15/2029 29,687.505/15/2026 5/15/2026 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 228.015/15/2026 5/15/2026 34532WAD7 FORDO 2026-A A3 4.05% 10/15/2030 1,653.755/15/2026 5/15/2026 34532BAG6 FORDO 2025-B A3 3.91% 4/15/2030 2,134.215/15/2026 5/15/2026 142935AB1 CARMX 2026-2 A2A 4.11% 8/15/2029 776.335/15/2026 5/15/2026 58770JAD6 MBALT 2024-A A3 5.32% 1/18/2028 1,888.725/15/2026 5/15/2026 14041NGF2 COMET 2025-A1 A 3.82% 9/15/2030 3,231.085/15/2026 5/15/2026 47800BAC2 JDOT 2022-C A3 5.09% 6/15/2027 272.725/15/2026 5/15/2026 47800RAD5 JDOT 2024-A A3 4.96% 11/15/2028 1,136.565/15/2026 5/15/2026 30303MAB8 META PLATFORMS INC (CALLABLE) 4.20% 11/15/2030 18,816.005/15/2026 5/15/2026 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 1,830.165/15/2026 5/15/2026 05522RDJ4 BACCT 2024-A1 A 4.93% 5/15/2029 4,190.505/15/2026 5/15/2026 448973AD9 HART 2024-A A3 4.99% 2/15/2029 2,407.655/15/2026 5/15/2026 448988AD7 HALST 2024-A A3 5.02% 3/15/2027 228.695/15/2026 5/15/2026 50118HAC0 KCOT 2026-1A A3 3.87% 5/15/2030 1,032.005/15/2026 5/15/2026 90327HAC3 USAOT 2025-A A3 3.95% 12/17/2029 1,250.83 40 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST5/15/2026 5/15/2026 05620EAD0 BAAT 2026-1A A3 4.18% 10/15/2030 1,036.295/15/2026 5/15/2026 448970AE3 HALST 2026-A A4 4.01% 12/17/2029 1,086.045/15/2026 5/15/2026 448972AD1 HALST 2026-B A3 4.21% 4/16/2029 1,775.225/15/2026 5/15/2026 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 2,536.465/15/2026 5/15/2026 161571HV9 CHAIT 2024-A1 A 4.60% 1/15/2029 4,772.505/15/2026 5/15/2026 14043YAD7 COPAR 2025-1 A3 3.85% 7/15/2030 1,235.215/15/2026 5/15/2026 912828X88 US TREASURY N/B 2.37% 5/15/2027 35,625.005/15/2026 5/15/2026 47800CAC0 JDOT 2023-A A3 5.01% 11/15/2027 758.905/15/2026 5/15/2026 44935JAD8 HART 2025-C A3 3.88% 4/15/2030 2,619.005/16/2026 5/16/2026 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 486.265/16/2026 5/16/2026 36268GAD7 GMCAR 2024-1 A3 4.85% 12/18/2028 703.305/18/2026 5/18/2026 437930AC4 HAROT 2024-2 A3 5.27% 11/20/2028 2,100.655/20/2026 5/20/2026 92868CAE1 VWALT 2026-A A4 4.21% 11/20/2030 2,683.875/20/2026 5/20/2026 36269FAD8 GMALT 2024-1 A3 5.09% 3/22/2027 119.515/20/2026 5/20/2026 36269WAD1 GMALT 2024-2 A3 5.39% 7/20/2027 1,190.485/20/2026 5/20/2026 89240NAD4 TLOT 2025-B A3 3.96% 11/20/2028 2,425.505/20/2026 5/20/2026 87269AAA8 TMUST 2026-1A A 4.25% 10/21/2030 5,277.08 41 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST5/20/2026 5/20/2026 89239NAD7 TLOT 2025-A A3 4.75% 2/22/2028 5,007.295/21/2026 5/21/2026 43815JAC7 HAROT 2023-1 A3 5.04% 4/21/2027 96.245/21/2026 5/21/2026 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 999.005/22/2026 5/22/2026 246921AC4 DEFT 2026-1A A2 4.24% 7/24/2028 1,113.005/25/2026 5/25/2026 3137HQSW2 FHMS K558 AS FLOATING 4.12% 11/25/2030 5,622.465/25/2026 5/25/2026 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 2,863.125/25/2026 5/25/2026 3137HNND6 FHMS K549 AS FLOATING 4.15% 7/25/2030 5,803.565/25/2026 5/25/2026 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 381.985/25/2026 5/25/2026 05594HAE3 BMWLT 2025-2 A4 4.03% 5/25/2029 2,703.465/25/2026 5/25/2026 16144MAD6 CHAOT 2025-2A A3 3.86% 10/25/2030 2,573.335/25/2026 5/25/2026 3137HNN53 FHMS K548 AS FLOATING 4.12% 7/25/2030 5,833.475/30/2026 5/30/2026 637639AK1 NATIONAL SECS CLEARING (CALLABLE) 5.00% 5/30/2028 39,375.005/31/2026 5/31/2026 91282CFZ9 US TREASURY N/B 3.87% 11/30/2027 58,125.005/31/2026 5/31/2026 91282CJM4 US TREASURY N/B 4.37% 11/30/2030 9,843.755/31/2026 5/31/2026 91282CMA6 US TREASURY N/B 4.12% 11/30/2029 51,562.505/31/2026 5/31/2026 91282CNG2 US TREASURY N/B 4.00% 5/31/2030 38,000.006/1/2026 6/1/2026 MONEY0002 MONEY MARKET FUND 0.00% 7,173.17 42 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST6/1/2026 6/25/2026 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 6,640.006/1/2026 6/25/2026 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 4,552.586/1/2026 6/25/2026 3137FVNF5 FHMS K114 A1 0.82% 3/1/2030 1,054.166/1/2026 6/25/2026 3137HMC65 FHMS K543 A2 4.32% 6/1/2030 5,808.086/1/2026 6/25/2026 3137F8ZU0 FHMS K123 A1 0.93% 6/1/2030 1,064.876/1/2026 6/25/2026 3137FJEH8 FHMS K081 A2 3.90% 8/1/2028 9,100.006/1/2026 6/25/2026 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 6,096.006/1/2026 6/25/2026 3137HN4R6 FHMS K546 A2 4.36% 5/1/2030 3,797.706/1/2026 6/25/2026 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 4,384.506/1/2026 6/25/2026 3137HN6B9 FHMS K547 A2 4.42% 5/1/2030 3,905.226/1/2026 6/25/2026 3136BQCS6 FNA 2023-M5 2A2 4.50% 7/1/2028 3,080.496/1/2026 6/25/2026 3137FL6P4 FHMS K089 A2 3.56% 1/1/2029 3,266.086/1/2026 6/25/2026 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 6,161.256/1/2026 6/25/2026 3137HNNC8 FHMS K549 A2 4.34% 9/1/2030 4,520.836/1/2026 6/25/2026 3137F82M4 FHMS K122 A1 0.86% 5/1/2030 1,047.216/9/2026 6/9/2026 3130AWMN7 FEDERAL HOME LOAN BANK 4.37% 6/9/2028 43,750.006/15/2026 6/15/2026 44934QAD3 HART 2024-B A3 4.84% 3/15/2029 2,037.87 43 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST6/15/2026 6/15/2026 05522RDJ4 BACCT 2024-A1 A 4.93% 5/15/2029 4,190.506/15/2026 6/15/2026 14043YAD7 COPAR 2025-1 A3 3.85% 7/15/2030 1,235.216/15/2026 6/15/2026 448970AE3 HALST 2026-A A4 4.01% 12/17/2029 1,086.046/15/2026 6/15/2026 142935AB1 CARMX 2026-2 A2A 4.11% 8/15/2029 1,455.636/15/2026 6/15/2026 50118HAC0 KCOT 2026-1A A3 3.87% 5/15/2030 1,032.006/15/2026 6/15/2026 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 1,681.446/15/2026 6/15/2026 47800BAC2 JDOT 2022-C A3 5.09% 6/15/2027 108.906/15/2026 6/15/2026 161571HV9 CHAIT 2024-A1 A 4.60% 1/15/2029 4,772.506/15/2026 6/15/2026 02008KAC7 ALLYA 2025-1 A3 3.96% 3/15/2030 1,138.506/15/2026 6/15/2026 34532WAD7 FORDO 2026-A A3 4.05% 10/15/2030 1,653.756/15/2026 6/15/2026 43814YAD3 HAROT 2026-2 A3 4.30% 11/15/2030 4,070.676/15/2026 6/15/2026 14041NGF2 COMET 2025-A1 A 3.82% 9/15/2030 3,231.086/15/2026 6/15/2026 34532BAG6 FORDO 2025-B A3 3.91% 4/15/2030 2,134.216/15/2026 6/15/2026 05620EAD0 BAAT 2026-1A A3 4.18% 10/15/2030 1,480.426/15/2026 6/15/2026 47800CAC0 JDOT 2023-A A3 5.01% 11/15/2027 605.616/15/2026 6/15/2026 44935JAD8 HART 2025-C A3 3.88% 4/15/2030 2,619.006/15/2026 6/15/2026 448973AD9 HART 2024-A A3 4.99% 2/15/2029 2,213.46 44 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST6/15/2026 6/15/2026 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 170.916/15/2026 6/15/2026 448972AD1 HALST 2026-B A3 4.21% 4/16/2029 2,315.506/15/2026 6/15/2026 58770JAD6 MBALT 2024-A A3 5.32% 1/18/2028 1,683.016/15/2026 6/15/2026 47800RAD5 JDOT 2024-A A3 4.96% 11/15/2028 1,040.496/15/2026 6/15/2026 90327HAC3 USAOT 2025-A A3 3.95% 12/17/2029 1,250.836/16/2026 6/16/2026 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 402.246/16/2026 6/16/2026 36268GAD7 GMCAR 2024-1 A3 4.85% 12/18/2028 641.666/18/2026 6/18/2026 437930AC4 HAROT 2024-2 A3 5.27% 11/20/2028 1,936.796/20/2026 6/20/2026 89239NAD7 TLOT 2025-A A3 4.75% 2/22/2028 5,007.296/20/2026 6/20/2026 87269AAA8 TMUST 2026-1A A 4.25% 10/21/2030 5,277.086/20/2026 6/20/2026 92868CAE1 VWALT 2026-A A4 4.21% 11/20/2030 2,683.886/20/2026 6/20/2026 36269WAD1 GMALT 2024-2 A3 5.39% 7/20/2027 763.766/20/2026 6/20/2026 89240NAD4 TLOT 2025-B A3 3.96% 11/20/2028 2,425.506/21/2026 6/21/2026 43815JAC7 HAROT 2023-1 A3 5.04% 4/21/2027 27.396/21/2026 6/21/2026 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 905.006/22/2026 6/22/2026 246921AC4 DEFT 2026-1A A2 4.24% 7/24/2028 1,113.006/25/2026 6/25/2026 3137HNN53 FHMS K548 AS FLOATING 4.12% 7/25/2030 6,022.77 45 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST6/25/2026 6/25/2026 16144MAD6 CHAOT 2025-2A A3 3.86% 10/25/2030 2,573.336/25/2026 6/25/2026 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 322.506/25/2026 6/25/2026 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 2,636.376/25/2026 6/25/2026 3137HQSW2 FHMS K558 AS FLOATING 4.12% 11/25/2030 5,805.246/25/2026 6/25/2026 05594HAE3 BMWLT 2025-2 A4 4.03% 5/25/2029 2,703.466/25/2026 6/25/2026 3137HNND6 FHMS K549 AS FLOATING 4.15% 7/25/2030 5,988.306/26/2026 6/26/2026 637639AM7 NATIONAL SECS CLEARING (CALLABLE) 4.90% 6/26/2029 39,812.506/30/2026 6/30/2026 91282CPR6 US TREASURY N/B 3.62% 12/31/2030 14,046.886/30/2026 6/30/2026 91282CEV9 US TREASURY N/B 3.25% 6/30/2029 21,125.006/30/2026 6/30/2026 91282CKX8 US TREASURY N/B 4.25% 6/30/2029 53,125.00 Total INTEREST 0.00 1,207,012.38 0.00
MATURITY5/5/2026 5/5/2026 1,725,000.00 8085A3E50 CHARLES SCHWAB CORP 0.00% 5/5/2026 1,725,000.005/12/2026 5/12/2026 3,200,000.00 46222VEC6 IONIC II 0.00% 5/12/2026 3,200,000.006/5/2026 6/5/2026 1,725,000.00 06743VF54 BARCLAYS CAPITAL INC 0.00% 6/5/2026 1,725,000.00 Total MATURITY 6,650,000.00 6,650,000.00 0.00
46 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS4/1/2026 4/25/2026 25,548.46 3137F8ZU0 FHMS K123 A1 0.93% 6/1/2030 25,548.46 1,651.304/1/2026 4/25/2026 20,899.07 3137FVNF5 FHMS K114 A1 0.82% 3/1/2030 20,899.07 1,241.474/1/2026 4/25/2026 27,748.86 3137F82M4 FHMS K122 A1 0.86% 5/1/2030 27,748.86 1,795.474/15/2026 4/15/2026 336.66 47800AAC4 JDOT 2022-B A3 3.74% 2/16/2027 336.64 -0.024/15/2026 4/15/2026 47,321.97 448973AD9 HART 2024-A A3 4.99% 2/15/2029 47,321.97 6.244/15/2026 4/15/2026 27,488.23 44934QAD3 HART 2024-B A3 4.84% 3/15/2029 27,488.23 2.694/15/2026 4/15/2026 18,669.21 47800RAD5 JDOT 2024-A A3 4.96% 11/15/2028 18,669.21 6.594/15/2026 4/15/2026 44,924.37 58770JAD6 MBALT 2024-A A3 5.32% 1/18/2028 44,924.37 2.634/15/2026 4/15/2026 35,003.76 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 35,003.76 1.914/15/2026 4/15/2026 27,592.93 47800CAC0 JDOT 2023-A A3 5.01% 11/15/2027 27,592.93 1.804/15/2026 4/15/2026 17,601.81 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 17,601.81 0.724/15/2026 4/15/2026 33,147.37 47800BAC2 JDOT 2022-C A3 5.09% 6/15/2027 33,147.37 0.674/15/2026 4/15/2026 17,405.69 448979AD6 HART 2023-A A3 4.58% 4/15/2027 17,405.70 0.454/15/2026 4/15/2026 100,268.01 448988AD7 HALST 2024-A A3 5.02% 3/15/2027 100,268.01 5.834/16/2026 4/16/2026 16,855.72 36268GAD7 GMCAR 2024-1 A3 4.85% 12/18/2028 16,855.72 1.944/16/2026 4/16/2026 24,272.01 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 24,272.01 0.264/18/2026 4/18/2026 39,277.55 437930AC4 HAROT 2024-2 A3 5.27% 11/20/2028 39,277.55 2.85 47 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS4/20/2026 4/20/2026 68,382.45 89238GAD3 TLOT 2024-A A3 5.25% 4/20/2027 68,382.49 24.434/20/2026 4/20/2026 83,612.81 36269FAD8 GMALT 2024-1 A3 5.09% 3/22/2027 83,612.81 3.004/20/2026 4/20/2026 100,354.32 36269WAD1 GMALT 2024-2 A3 5.39% 7/20/2027 100,354.32 2.304/21/2026 4/21/2026 21,150.94 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 21,150.94 1.854/21/2026 4/21/2026 17,696.28 43815JAC7 HAROT 2023-1 A3 5.04% 4/21/2027 17,696.28 0.844/25/2026 4/25/2026 56,073.63 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 56,073.63 5.314/25/2026 4/25/2026 14,483.85 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 14,483.85 1.084/25/2026 4/25/2026 1,036.31 3137HNND6 FHMS K549 AS FLOATING 4.15% 7/25/2030 1,036.314/25/2026 4/25/2026 93.22 3137HQSW2 FHMS K558 AS FLOATING 4.12% 11/25/2030 93.224/25/2026 4/25/2026 181.96 3137HNN53 FHMS K548 AS FLOATING 4.12% 7/25/2030 181.965/1/2026 5/25/2026 286.11 3136BQCS6 FNA 2023-M5 2A2 4.50% 7/1/2028 286.11 -1.335/1/2026 5/25/2026 29,082.94 3137F82M4 FHMS K122 A1 0.86% 5/1/2030 29,082.94 1,846.055/1/2026 5/25/2026 22,006.29 3137FVNF5 FHMS K114 A1 0.82% 3/1/2030 22,006.29 1,281.265/1/2026 5/25/2026 26,810.08 3137F8ZU0 FHMS K123 A1 0.93% 6/1/2030 26,810.08 1,700.635/15/2026 5/15/2026 23,243.55 47800RAD5 JDOT 2024-A A3 4.96% 11/15/2028 23,243.55 7.965/15/2026 5/15/2026 46,700.03 448973AD9 HART 2024-A A3 4.99% 2/15/2029 46,700.03 5.995/15/2026 5/15/2026 15,192.53 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 15,192.53 0.59 48 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS5/15/2026 5/15/2026 625,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 625,000.00 23.785/15/2026 5/15/2026 37,255.20 44934QAD3 HART 2024-B A3 4.84% 3/15/2029 37,255.20 3.545/15/2026 5/15/2026 38,620.77 47800BAC2 JDOT 2022-C A3 5.09% 6/15/2027 38,620.77 0.735/15/2026 5/15/2026 36,715.26 47800CAC0 JDOT 2023-A A3 5.01% 11/15/2027 36,715.26 2.285/15/2026 5/15/2026 54,666.09 448988AD7 HALST 2024-A A3 5.02% 3/15/2027 54,666.09 2.895/15/2026 5/15/2026 46,399.84 58770JAD6 MBALT 2024-A A3 5.32% 1/18/2028 46,399.84 2.605/15/2026 5/15/2026 32,214.25 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 32,214.25 1.705/16/2026 5/16/2026 15,250.81 36268GAD7 GMCAR 2024-1 A3 4.85% 12/18/2028 15,250.81 1.705/16/2026 5/16/2026 22,553.89 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 22,553.89 0.225/18/2026 5/18/2026 37,311.15 437930AC4 HAROT 2024-2 A3 5.27% 11/20/2028 37,311.15 2.625/20/2026 5/20/2026 28,174.63 36269FAD8 GMALT 2024-1 A3 5.09% 3/22/2027 28,174.63 0.915/20/2026 5/20/2026 95,003.66 36269WAD1 GMALT 2024-2 A3 5.39% 7/20/2027 95,003.66 2.045/21/2026 5/21/2026 19,895.14 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 19,895.14 1.685/21/2026 5/21/2026 16,392.63 43815JAC7 HAROT 2023-1 A3 5.04% 4/21/2027 16,392.63 0.725/25/2026 5/25/2026 107.06 3137HQSW2 FHMS K558 AS FLOATING 4.12% 11/25/2030 107.065/25/2026 5/25/2026 13,049.56 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 13,049.56 0.935/25/2026 5/25/2026 1,208.81 3137HNND6 FHMS K549 AS FLOATING 4.15% 7/25/2030 1,208.81 49 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS5/25/2026 5/25/2026 52,529.07 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 52,529.07 4.845/25/2026 5/25/2026 214.62 3137HNN53 FHMS K548 AS FLOATING 4.12% 7/25/2030 214.626/1/2026 6/25/2026 25,681.71 3137F8ZU0 FHMS K123 A1 0.93% 6/1/2030 25,681.71 1,598.136/1/2026 6/25/2026 235.17 3136BQCS6 FNA 2023-M5 2A2 4.50% 7/1/2028 235.17 -1.056/1/2026 6/25/2026 21,014.76 3137FVNF5 FHMS K114 A1 0.82% 3/1/2030 21,014.76 1,198.676/1/2026 6/25/2026 27,892.96 3137F82M4 FHMS K122 A1 0.86% 5/1/2030 27,892.96 1,736.156/15/2026 6/15/2026 42,084.48 448973AD9 HART 2024-A A3 4.99% 2/15/2029 42,084.48 5.246/15/2026 6/15/2026 23,135.45 47800CAC0 JDOT 2023-A A3 5.01% 11/15/2027 23,135.45 1.366/15/2026 6/15/2026 35,099.92 44934QAD3 HART 2024-B A3 4.84% 3/15/2029 35,099.92 3.256/15/2026 6/15/2026 13,396.78 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 13,396.78 0.506/15/2026 6/15/2026 29,242.93 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 29,242.93 1.496/15/2026 6/15/2026 13,172.68 47800RAD5 JDOT 2024-A A3 4.96% 11/15/2028 13,172.68 4.376/15/2026 6/15/2026 44,018.36 58770JAD6 MBALT 2024-A A3 5.32% 1/18/2028 44,018.36 2.356/15/2026 6/15/2026 25,674.27 47800BAC2 JDOT 2022-C A3 5.09% 6/15/2027 25,674.25 0.436/16/2026 6/16/2026 14,482.85 36268GAD7 GMCAR 2024-1 A3 4.85% 12/18/2028 14,482.85 1.576/16/2026 6/16/2026 20,826.94 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 20,826.94 0.206/18/2026 6/18/2026 34,494.09 437930AC4 HAROT 2024-2 A3 5.27% 11/20/2028 34,494.09 2.35 50 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS6/20/2026 6/20/2026 84,251.89 36269WAD1 GMALT 2024-2 A3 5.39% 7/20/2027 84,251.89 1.686/21/2026 6/21/2026 6,522.25 43815JAC7 HAROT 2023-1 A3 5.04% 4/21/2027 6,522.25 0.266/21/2026 6/21/2026 18,434.76 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 18,434.76 1.496/25/2026 6/25/2026 12,595.71 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 12,595.71 0.866/25/2026 6/25/2026 48,866.71 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 48,866.71 4.386/25/2026 6/25/2026 1,046.74 3137HNND6 FHMS K549 AS FLOATING 4.15% 7/25/2030 1,046.746/25/2026 6/25/2026 94.14 3137HQSW2 FHMS K558 AS FLOATING 4.12% 11/25/2030 94.146/25/2026 6/25/2026 183.80 3137HNN53 FHMS K548 AS FLOATING 4.12% 7/25/2030 183.80 Total PAYDOWNS 2,765,760.77 2,765,760.78 14,219.62
SELL4/1/2026 4/2/2026 1,600,000.00 91282CKJ9 US TREASURY N/B 4.50% 4/15/2027 1,645,803.57 17,839.594/2/2026 4/6/2026 2,500,000.00 91282CHK0 US TREASURY N/B 4.00% 6/30/2028 2,537,359.18 33,540.784/2/2026 4/6/2026 500,000.00 91282CMW8 US TREASURY N/B 3.75% 4/15/2028 508,286.40 1,951.784/9/2026 4/10/2026 100,000.00 91282CEF4 US TREASURY N/B 2.50% 3/31/2027 98,900.34 -635.034/10/2026 4/13/2026 965,000.00 58933YAX3 MERCK & CO INC (CALLABLE) 3.40% 3/7/2029 951,432.10 -1,911.654/15/2026 4/17/2026 600,000.00 61748UAK8 MORGAN STANLEY (CALLABLE) 4.13% 10/18/2029 607,164.58 -4,890.004/17/2026 4/20/2026 650,000.00 91282CQB0 US TREASURY N/B 3.37% 2/29/2028 649,079.31 327.20 51 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
SELL4/22/2026 4/23/2026 530,000.00 46124HAD8 INTUIT INC (CALLABLE) 1.65% 7/15/2030 477,435.48 -2,799.974/27/2026 4/27/2026 2,790,000.00 3130AXU63 FEDERAL HOME LOAN BANK 4.62% 11/17/2026 2,860,909.40 14,524.945/6/2026 5/7/2026 240,000.00 91282CKF7 US TREASURY N/B 4.12% 3/31/2031 242,303.94 131.285/6/2026 5/7/2026 485,000.00 91282CKF7 US TREASURY N/B 4.12% 3/31/2031 489,655.89 -1,582.085/11/2026 5/12/2026 200,000.00 91282CPD7 US TREASURY N/B 3.62% 10/31/2030 196,759.85 -3,555.935/29/2026 6/1/2026 355,000.00 69371RU38 PACCAR FINANCIAL CORP 3.90% 2/5/2029 357,341.82 -1,986.176/2/2026 6/3/2026 2,000,000.00 89236TNA9 TOYOTA MOTOR CREDIT CORP (CALLABLE) 4.95% 1/9/2030 2,066,660.00 41,419.896/4/2026 6/5/2026 1,750,000.00 3130AWTQ3 FEDERAL HOME LOAN BANK 4.62% 9/11/2026 1,772,717.92 4,671.466/4/2026 6/5/2026 500,000.00 00724PAD1 ADOBE INC (CALLABLE) 2.30% 2/1/2030 466,626.11 -6,636.186/4/2026 6/5/2026 500,000.00 91282CKN0 US TREASURY N/B 4.62% 4/30/2031 511,715.36 -449.216/5/2026 6/8/2026 700,000.00 00724PAD1 ADOBE INC (CALLABLE) 2.30% 2/1/2030 653,501.72 -9,290.176/9/2026 6/10/2026 950,000.00 91282CQE4 US TREASURY N/B 3.50% 3/15/2029 941,421.28 -8,941.316/10/2026 6/11/2026 2,000,000.00 9128286T2 US TREASURY N/B 2.37% 5/15/2029 1,905,828.80 -30,830.436/11/2026 6/12/2026 775,000.00 91282CMW8 US TREASURY N/B 3.75% 4/15/2028 774,428.77 -1,532.706/12/2026 6/15/2026 820,000.00 02079KBK2 ALPHABET INC (CALLABLE) 4.10% 2/15/2031 817,273.04 -13,389.366/15/2026 6/16/2026 400,000.00 91282CKN0 US TREASURY N/B 4.62% 4/30/2031 409,815.89 -425.016/15/2026 6/16/2026 685,000.00 91282CKN0 US TREASURY N/B 4.62% 4/30/2031 701,809.73 -555.36 52 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 2026
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
SELL6/26/2026 6/29/2026 665,000.00 91282CKN0 US TREASURY N/B 4.62% 4/30/2031 684,067.93 1,208.41 Total SELL 23,260,000.00 23,328,298.41 26,204.77
53 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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. 54 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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. 55 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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. 56 PFM Asset Management | pfmam.com
City of San Leandro
For the Quarter Ended June 30, 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. 57