Att 1 - City of San Mateo Investment Report for the period ending June 30, 2026 — San Mateo City Council, September 8, 2026

MONTHLY ACCOUNT STATEMENT
City of San Mateo Cons | Account #10720 | As of June 30, 2026 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Average Modified Duration 1.72
Average Coupon 3.88%
Average Purchase YTM 4.06%
Average Market YTM 4.15%
Average Credit Quality* AA+
Average Final Maturity 2.04
Average Life 1.90
End Values as of
05/31/2026
End Values as of
06/30/2026
Market Value 642,849,759.81 638,349,838.75
Accrued Interest 2,950,660.94 3,286,198.21
Total Market Value 645,800,420.75 641,636,036.96
Income Earned 1,208,826.88 2,305,657.34
Cont/WD 4,362,923.14 (5,068,686.19)
Par 646,751,109.65 643,358,680.35
Book Value 643,734,163.67 640,299,435.70
Cost Value 642,201,009.12 638,685,020.34
United States 28.06%
California Asset Mgmt Program 14.19%
LAIF 11.38%
Federal Home Loan Mortgage Corp 8.68%
San Mateo County Pool 7.79%
State of California 1.45%
American Express Credit Master Trust 1.07%
The Home Depot, Inc. 1.00%
*The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch.

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES
Max % (MV) 70.0 8.7 Compliant
Max % Issuer (MV; Agencies & Agency CMOs) 40.0 8.7 Compliant Max Maturity (Years) 7.0 6.5 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV; Non Agency ABS & MBS) 20.0 6.8 Compliant
Max % Issuer (MV) 5.0 1.1 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant
CAMP
Max % (MV) 30.0 14.1 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 3.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 18.6 Compliant
Max % Issuer (MV) 5.0 1.0 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
The Statement of Compliance reflects Chandler's assessment of compliance with the applicable investment policy for the assets Chandler directly manages. The report may also present assets reported to Chandler by clients, custodians, or other third parties. Chandler includes those assets in the assessment but has no discretionary authority over them, does not independently verify the information provided, and assumes no responsibility for the accuracy or completeness of that information. Questions regarding this report should be directed to the designated investment professional.

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 3 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 70.0 1.5 Compliant
Max % Issuer (MV; Agencies & Agency CMOs) 40.0 8.7 Compliant Max Callables (MV) 20.0 1.2 Compliant
Max Maturity (Years) 7 1 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 72.6 Compliant

LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (MV) 30.0 7.8 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.6 Compliant
Max % Issuer (MV) 10.0 0.6 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 20.0 1.5 Compliant
Max % Issuer (MV) 5.0 1.5 Compliant
Max Maturity (Years) 7 6 Compliant
Min Rating (A- by 1 or A-1 by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (OTHER STATES)
Max % (MV) 20.0 0.4 Compliant
Max % Issuer (MV) 5.0 0.4 Compliant
Max Maturity (Years) 7 3 Compliant
Min Rating (A- by 1 or A-1 by 1) 0.0 0.0 Compliant

MUTUAL FUNDS
The Statement of Compliance reflects Chandler's assessment of compliance with the applicable investment policy for the assets Chandler directly manages. The report may also present assets reported to Chandler by clients, custodians, or other third parties. Chandler includes those assets in the assessment but has no discretionary authority over them, does not independently verify the information provided, and assumes no responsibility for the accuracy or completeness of that information. Questions regarding this report should be directed to the designated investment professional.

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

REPURCHASE AGREEMENTS
Max % (MV) 10.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Max Maturity (Days) 90.0 0.0 Compliant

SRI PROHIBITED INVESTMENTS
Prohibited Investment - Fossil Fuels 0.0 0.0 Compliant
Prohibited Investments - Energy 0.0 0.0 Compliant
Prohibited Investments - Firearms 0.0 0.0 Compliant
Prohibited Investments - Tobacco 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 0.5 Compliant
Max % Issuer (MV) 10.0 0.5 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

TREASURIES, FEDERAL AGENCY SECURITIES, AGENCY

MORTGAGE SECURITIES, MUNICIPAL SECURITIES
Max % 5-7 Years Maturities (MV) 10.0 2.2 Compliant
U.S. TREASURIES
Max % (MV) 100.0 28.2 Compliant
Max Maturity (Years) 7 4 Compliant
The Statement of Compliance reflects Chandler's assessment of compliance with the applicable investment policy for the assets Chandler directly manages. The report may also present assets reported to Chandler by clients, custodians, or other third parties. Chandler includes those assets in the assessment but has no discretionary authority over them, does not independently verify the information provided, and assumes no responsibility for the accuracy or completeness of that information. Questions regarding this report should be directed to the designated investment professional.

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 643,734,163.67 606,655,169.32
Maturities/Calls (5,000,000.00) (43,922,631.10)
Principal Paydowns (824,395.73) (7,928,135.42)
Purchases 27,968,814.93 626,097,961.88
Sales (25,321,598.55) (551,842,927.76)
Change in Cash, Payables, Receivables (329,675.77) (28,293.62) Amortization/Accretion 78,613.23 872,643.45
Realized Gain (Loss) (6,486.08) 395,648.95
Ending Book Value 640,299,435.70 640,299,435.70
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 642,849,759.81 608,911,488.86
Maturities/Calls (5,000,000.00) (43,922,631.10)
Principal Paydowns (824,395.73) (7,928,135.42)
Purchases 27,968,814.93 626,097,961.88
Sales (25,321,598.55) (551,842,927.76)
Change in Cash, Payables, Receivables (329,675.77) (28,293.62) Amortization/Accretion 78,613.23 872,643.45
Change in Net Unrealized Gain (Loss) (1,065,193.10) (4,205,916.49) Realized Gain (Loss) (6,486.08) 395,648.95
Ending Market Value 638,349,838.75 638,349,838.75
Maturities / Calls
Month to Date (5,000,000.00)
Fiscal Year to Date (43,922,631.10)
Principal Paydowns
Month to Date (824,395.73)
Fiscal Year to Date (7,928,135.42)
Purchases
Month to Date 27,968,814.93
Fiscal Year to Date 626,097,961.88
Sales
Month to Date (25,321,598.55)
Fiscal Year to Date (551,842,927.76)
Interest Received
Month to Date 1,877,651.98
Fiscal Year to Date 21,080,686.59
Purchased / Sold Interest
Month to Date 13,854.86
Fiscal Year to Date 60,003.52
CONFIDENTIAL | 7
City of San Mateo Cons | Account #10720 | As of June 30, 2026 Execution Time: 08/11/2026 02:48:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
44934FAD7 HALST 2024-B A3 5.41
05/17/2027 192,565.44 05/14/2024

5.41%
192,560.09
192,563.87
100.11

3.96%
192,784.58
463.01

0.03%
220.71
NA/AAA
AAA

0.88 0.08
36269WAD1 GMALT 2024-2 A3 5.39
07/20/2027 348,121.32 --

4.88%
351,719.14
348,356.86
100.09

3.93%
348,420.35
573.34

0.05%

63.49 NA/AAA
AAA

1.05 0.06
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 321,566.01 --

4.17%
321,618.53
321,565.63
100.16

4.26%
322,092.09
716.02

0.05%
526.45
Aaa/NA
AAA

1.38 0.19
44935WAD9 HALST 2025-A A3 4.83
01/18/2028 150,000.00 09/03/2025

4.02%
151,535.16
150,722.09
100.29

4.32%
150,432.15
322.00

0.02%
(289.94)
NA/AAA
AAA

1.55 0.51
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 392,662.37 05/17/2024

5.73%
392,616.42
392,642.89
100.35

4.20%
394,044.93
928.43

0.06%
1,402.04
Aaa/NA
AAA

1.55 0.30
44935WAD9 HALST 2025-A A3 4.83
01/18/2028 1,530,000.00 01/14/2025

4.83%
1,529,885.40
1,529,940.55
100.29

4.32%
1,534,407.93
3,284.40

0.24%
4,467.38
NA/AAA
AAA

1.55 0.51
44935DAD1 HALST 2025-B A3 4.53
04/17/2028 1,180,000.00 04/24/2025

4.53%
1,179,893.45
1,179,935.46
100.19

4.33%
1,182,205.42
2,375.73

0.19%
2,269.96
NA/AAA
AAA

1.80 0.78
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 1,725,000.00 05/20/2025

4.84%
1,724,971.37
1,724,981.84
100.23

4.29%
1,728,917.48
2,414.04

0.27%
3,935.64
NA/AAA
AAA

1.90 0.68
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 2,345,000.00 09/07/2023

5.23%
2,344,349.97
2,344,712.88
100.25

3.96%
2,350,907.06
5,377.87

0.37%
6,194.18
NA/AAA
AAA

2.21 0.20
437930AC4 HAROT 2024-2 A3 5.27
11/20/2028 471,687.69 05/14/2024

5.27%
471,630.38
471,657.26
100.54

4.37%
474,245.65
897.65

0.07%
2,588.40
NA/AAA
AAA

2.39 0.56
161571HV9 CHAIT 241 A 4.6 01/16/2029 3,000,000.00 04/15/2025

4.36%
3,013,945.31
3,004,321.08
100.22

4.22%
3,006,603.00
6,133.33

0.47%
2,281.92
NA/AAA
AAA

2.55 0.52
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 617,751.81 06/04/2024

5.18%
617,657.97
617,698.86
100.51

4.33%
620,878.86
533.33

0.10%
3,180.00
Aaa/AAA
NA

2.66 0.56
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 1,331,784.64 08/09/2024

4.66%
1,331,575.41
1,331,660.33
100.20

4.31%
1,334,424.24
1,690.63

0.21%
2,763.91
Aaa/NA
AAA

2.72 0.64
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 150,000.00 09/11/2025

3.75%
152,496.09
151,673.45
100.31

4.42%
150,469.50
307.33

0.02%
(1,203.95)
NA/AAA
AAA

2.79 1.34
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029 1,760,000.00 04/16/2024

5.30%
1,759,639.20
1,759,797.68
100.82

4.20%
1,774,481.28
4,091.02

0.28%
14,683.60
NA/AAA
AAA

2.79 0.76
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 1,125,000.00 06/06/2024

4.93%
1,124,936.89
1,124,963.30
100.65

4.21%
1,132,261.88
2,465.00

0.18%
7,298.58
Aaa/AAA
NA

2.87 0.84
05594YAD8 BMWLT 2026-1 A3 4.15
05/25/2029 3,000,000.00 06/25/2026

4.44%
2,988,281.25
2,988,336.32

99.56 4.46%
2,986,725.00
2,075.00

0.47%
(1,611.32)
Aaa/NA
AAA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
02589BAE0 AMXCA 2024-3 A 4.65
07/15/2027 2,000,000.00 04/15/2025

4.35%
2,014,687.50
2,006,788.49
100.45

4.24%
2,009,082.00
4,133.33

0.31%
2,293.51
NA/AAA
AAA

1.04 0.99
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029 1,850,000.00 11/19/2024

4.66%
1,849,940.62
1,849,960.77
100.30

4.32%
1,855,572.20
3,790.44

0.29%
5,611.43
Aaa/NA
AAA

3.13 0.90
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 1,525,000.00 03/04/2025

5.09%
1,524,904.08
1,524,931.79

99.88 4.35%
1,523,110.53
2,867.00

0.24%
(1,821.27)
Aaa/NA
AAA

3.22 1.47
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 3,525,000.00 --

4.32%
3,524,382.77
3,524,563.45
100.06

4.28%
3,527,122.05
6,721.00

0.55%
2,558.60
Aaa/AAA
NA

3.29 1.23
44935CAD3 HART 2025-A A3 4.32
10/15/2029 1,925,000.00 03/04/2025

4.84%
1,924,716.06
1,924,796.60
100.05

4.31%
1,925,885.50
3,696.00

0.30%
1,088.90
NA/AAA
AAA

3.29 0.95
437921AD1 HAROT 252 A3 4.15 10/15/2029 1,170,000.00 04/29/2025

4.15%
1,169,869.31
1,169,903.09

99.78 4.38%
1,167,424.83
2,158.00

0.18%
(2,478.26)
Aaa/NA
AAA

3.29 1.14
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029 150,000.00 09/11/2025

3.84%
151,769.53
151,356.83
100.04

4.35%
150,054.00
289.33

0.02%
(1,302.83)
NA/AAA
AAA

3.38 1.20
89231HAD8 TAOT 2025-B A3 4.34
11/15/2029 1,145,000.00 04/24/2025

4.82%
1,144,934.39
1,144,951.27
100.04

4.35%
1,145,412.20
2,208.58

0.18%
460.93
NA/AAA
AAA

3.38 1.20
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029 1,240,000.00 01/09/2025

5.03%
1,239,907.87
1,239,935.15
100.26

4.32%
1,243,194.24
2,387.00

0.19%
3,259.09
Aaa/NA
AAA

3.47 0.73
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030 3,075,000.00 05/06/2025

4.28%
3,074,944.34
3,074,957.16

99.90 4.38%
3,071,900.40
5,849.33

0.48%
(3,056.76)
NA/AAA
AAA

3.79 1.69
362549AD9 GMCAR 2025-2 A3 4.28
04/16/2030 150,000.00 09/03/2025

3.96%
151,148.44
150,877.79
100.01

4.31%
150,018.75
267.50

0.02%
(859.04)
Aaa/AAA
NA

3.79 0.92
92970QAJ4 WFCIT 2025-1 A 4.34
05/15/2030 150,000.00 09/03/2025

3.90%
151,804.69
151,254.48
100.03

4.36%
150,046.50
289.33

0.02%
(1,207.98)
NA/AAA
AAA

3.87 1.76
05522RDK1 BACCT 2025-1 A 4.31
05/15/2030 112,000.00 09/11/2025

3.74%
113,693.13
113,186.58

99.96 4.37%
111,958.22
214.54

0.02%
(1,228.35)
NA/AAA
AAA

3.87 1.76
17305EHA6 CCCIT 2025-A1 A1 4.3
06/21/2030 1,600,000.00 10/09/2025

3.90%
1,616,000.00
1,611,711.68

99.83 4.39%
1,597,296.00
1,911.11

0.25%
(14,415.68)
Aaa/AAA
NA

3.97 1.87
161571HZ0 CHAIT 2025-1 A 4.16 07/15/2030 100,000.00 09/08/2025

3.82%
100,992.19
100,710.75

99.61 4.40%
99,609.50
184.89

0.02%
(1,101.25)
NA/AAA
AAA

4.04 1.91
44935KAD5 HART 26B A3 4.81 02/18/2031 55,000.00 06/09/2026

4.86%
54,993.36
54,993.41
100.24

4.44%
55,132.22
102.88

0.01%
138.81
NA/AAA
AAA

4.64 2.20
44935KAD5 HART 26B A3 4.81 02/18/2031 2,335,000.00 06/09/2026

4.86%
2,334,718.17
2,334,720.48
100.24

4.44%
2,340,613.34
4,367.75

0.37%
5,892.86
NA/AAA
AAA

4.64 2.20
92970QAK1 WFCIT 2026-1 A 4.08
04/16/2029 2,000,000.00 06/17/2026

4.36%
1,987,109.38
1,987,271.60

99.25 4.41%
1,984,920.00
3,626.67

0.31%
(2,351.60)
Aaa/NA
AAA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total ABS 43,748,139.26 4.63%
43,779,827.86
43,752,401.70
100.10

4.30%
43,792,653.87
79,712.82

6.86%
40,252.16

2.88 1.13
AGENCY
3133ENEM8 FEDERAL FARM CREDIT BANKS
FUNDING CORP 1.43 11/23/2026 2,750,000.00 11/16/2021

1.43%
2,750,000.00
2,750,000.00

98.99 4.02%
2,722,244.25
4,150.97

0.43%
(27,755.75)
Aa1/AA+
AA+

0.40 0.39
3130APWY7 FEDERAL HOME LOAN BANKS

1.35 12/07/2026 5,000,000.00 12/07/2021

1.35%
5,000,000.00
5,000,000.00

98.87 3.99%
4,943,690.00
4,500.00

0.77%
(56,310.00)
Aa1/AA+
AA+

0.44 0.43
3133EPME2

FEDERAL FARM CREDIT
BANKS FUNDING CORP 3.875
06/08/2028
1,900,000.00 06/06/2023

3.97%
1,891,735.00
1,896,797.14

99.51 4.14%
1,890,598.80
4,703.82

0.30%
(6,198.34)
Aa1/AA+
AA+

1.94 1.84
Total Agency 9,650,000.00 1.89%
9,641,735.00
9,646,797.14

99.03 4.03%
9,556,533.05
13,354.79

1.50%
(90,264.09)

0.72 0.70

AGENCY CMBS
3137BSP72 FHMS K-058 A2 2.653
08/25/2026 339,228.21 04/12/2022

2.88%
335,557.65
339,155.55

99.68 3.63%
338,146.41
749.98

0.05%
(1,009.14)
Aa1/AA+
AAA

0.15 0.15
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 3,250,000.00 09/07/2023

5.87%
3,108,828.13
3,194,131.63

98.91 4.37%
3,214,539.25
10,427.08

0.50%
20,407.62
Aa1/AA+
AAA

1.90 1.72
3137FHPJ6 FHMS K-080 A2 3.926
07/25/2028 1,895,000.00 03/14/2024

4.68%
1,837,557.81
1,868,169.18

98.90 4.39%
1,874,240.28
6,199.81

0.29%
6,071.10
Aaa/AA+
AA+

2.07 1.93
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 6,400,000.00 --

5.01%
6,091,058.60
6,267,428.52

98.79 4.41%
6,322,380.80
20,800.00

0.99%
54,952.28
Aa1/AA+
AAA

2.15 1.99
3137FK4M5 FHMS K-085 A2 4.06 10/25/2028 1,890,000.00 03/14/2024

4.68%
1,840,978.13
1,865,651.78

99.03 4.42%
1,871,668.89
6,394.50

0.29%
6,017.11
Aaa/AA+
AA+

2.32 2.13
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028 200,000.00 09/11/2025

3.72%
200,468.75
200,350.54

98.57 4.43%
197,144.80
643.17

0.03%
(3,205.74)
Aaa/AA+
AA+

2.41 2.20
3137FKSH0 FHMS K-086 A2 3.859
11/25/2028 1,800,000.00 07/30/2024

4.46%
1,756,125.00
1,775,888.51

98.57 4.43%
1,774,303.20
5,788.50

0.28%
(1,585.31)
Aaa/AA+
AA+

2.41 2.20
3137FKUP9 FHMS K-087 A2 3.771
12/25/2028 1,451,872.85 07/30/2024

4.46%
1,411,435.93
1,429,305.78

98.38 4.42%
1,428,322.02
4,562.51

0.22%
(983.76)
Aa1/AAA
AA+

2.49 2.22
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 2,500,000.00 04/11/2024

4.94%
2,221,191.41
2,351,766.50

94.87 4.43%
2,371,672.50
4,708.33

0.37%
19,906.00
Aa1/AA+
AAA

2.57 2.36
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029 100,000.00 09/08/2025

3.75%
98,828.13
99,105.26

97.42 4.43%
97,417.90
285.17

0.02%
(1,687.36)
Aa1/AAA
AA+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137FLN91 FHMS K-091 A2 3.505
03/25/2029 200,000.00 09/03/2025

3.90%
197,195.31
197,849.00

97.59 4.43%
195,186.00
584.17

0.03%
(2,663.00)
Aa1/AAA
AA+

2.73 2.45
3137FLN91 FHMS K-091 A2 3.505
03/25/2029 1,915,000.00 08/26/2024

4.05%
1,871,314.06
1,889,133.67

97.59 4.43%
1,868,905.95
5,593.40

0.29%
(20,227.72)
Aa1/AAA
AA+

2.73 2.45
3137H74P5 FHMS K-749 A2 2.12 03/26/2029 1,415,000.00 09/19/2024

3.84%
1,318,879.49
1,356,591.00

94.53 4.43%
1,337,600.92
2,499.83

0.21%
(18,990.09)
Aa1/AA+
AAA

2.74 2.37
3137FLYV0 FHMS K-092 A2 3.298
04/25/2029 4,540,000.00 --

4.05%
4,394,229.30
4,452,816.83

96.97 4.43%
4,402,478.86
12,477.43

0.69%
(50,337.97)
Aa1/AA+
AAA

2.82 2.57
3137FNAE0 FHMS K-095 A2 2.785
06/25/2029 200,000.00 09/03/2025

3.92%
192,117.19
193,830.34

95.51 4.43%
191,014.20
464.17

0.03%
(2,816.14)
Aa1/AA+
AAA

2.99 2.70
3137H9D71 FHMS K-750 A2 3.0 09/25/2029 5,000,000.00 11/14/2024

4.62%
4,672,070.31
4,782,631.61

96.12 4.43%
4,805,905.00
12,500.00

0.75%
23,273.39
Aa1/AA+
AAA

3.24 2.66
3137FQKC6 FHMS K-102 A2 2.537
10/25/2029 100,000.00 09/08/2025

3.82%
95,156.25
96,114.53

94.27 4.43%
94,273.10
211.42

0.01%
(1,841.43)
Aa1/AA+
AAA

3.32 3.02
3137FREH0 FHMS K-104 A2 2.253
01/25/2030 1,950,000.00 05/02/2025

4.25%
1,788,820.31
1,828,641.17

93.05 4.44%
1,814,558.85
3,661.13

0.28%
(14,082.32)
Aa1/AA+
AAA

3.57 3.22
3137HA4B9 FHMS K-751 A2 4.412
03/25/2030 1,887,000.00 04/17/2025

4.29%
1,893,855.12
1,892,177.10

99.75 4.44%
1,882,369.30
6,937.87

0.29%
(9,807.80)
Aaa/AA+
AA+

3.73 3.08
3137FTZQ3 FHMS K-110 A2 1.477
04/25/2030 300,000.00 --

3.97%
269,707.03
274,983.05

90.04 4.45%
270,120.00
369.25

0.04%
(4,863.05)
Aa1/AA+
AAA

3.82 3.48
3137FTZQ3 FHMS K-110 A2 1.477
04/25/2030 3,400,000.00 09/26/2025

3.99%
3,056,148.44
3,113,631.22

90.04 4.45%
3,061,360.00
4,184.83

0.48%
(52,271.22)
Aa1/AA+
AAA

3.82 3.48
3137FX3Q9 FHMS K-117 A2 1.406
08/25/2030 200,000.00 06/03/2026

4.46%
177,164.06
177,510.74

88.69 4.46%
177,385.80
234.33

0.03%
(124.94)
Aa1/AA+
AAA

4.15 3.88
3137F9Z79 FHMS K-125 A2 1.846
01/25/2031 150,000.00 02/19/2026

3.90%
136,412.11
137,414.37

89.37 4.46%
134,055.15
230.75

0.02%
(3,359.22)
Aa1/AA+
AAA

4.57 4.22
3137FYUJ3 FHMS K-128 A2 2.02 03/25/2031 6,775,000.00 10/21/2025

3.88%
6,179,805.66
6,256,487.14

89.98 4.46%
6,096,002.73
11,404.58

0.95%
(160,484.41)
Aa1/AA+
AAA

4.73 4.25
3137HH5X5 FHMS K757 A2 4.456
08/25/2031 5,000,000.00 01/15/2026

4.09%
5,081,640.63
5,075,127.18

99.72 4.50%
4,985,780.00
18,566.67

0.78%
(89,347.18)
Aaa/AA+
AA+

5.15 4.42
3137HQDH1 FHMS K-764 A2 4.12 12/25/2032 4,750,000.00 02/10/2026

4.20%
4,725,019.75
4,726,350.95

97.42 4.58%
4,627,326.50
16,308.33

0.72%
(99,024.45)
Aa1/AAA
AA+

6.49 5.50
Total Agency CMBS 57,608,101.06 4.41%
54,951,564.56
55,842,243.16

96.35 4.44%
55,434,158.40
156,787.20

8.68%
(408,084.76)

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CCYUSD Receivable 706,545.11 -- 706,545.11
706,545.11

1.00 706,545.11

0.00 0.11%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 118.01 -- 118.01
118.01

1.00 118.01

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 17,033.58 -- 17,033.58
17,033.58

1.00 17,033.58

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 723,696.70
723,696.70
723,696.70

1.00 723,696.70

0.00 0.11%

0.00 0.00

0.00 CORPORATE
037833DN7 APPLE INC 2.05 09/11/2026 750,000.00 12/02/2021

1.49%
768,630.00
750,111.03

99.62 3.98%
747,171.75
4,697.92

0.12%
(2,939.28)
Aaa/AA+
NA

0.20 0.19
931142ER0 WALMART INC 1.05 09/17/2026 185,000.00 09/08/2021

1.09%
184,650.35
184,985.06

99.39 3.93%
183,880.38
561.17

0.03%
(1,104.68)
Aa2/AA
AA

0.22 0.21
87612EBM7 TARGET CORP 1.95 01/15/2027 425,000.00 01/19/2022

1.99%
424,277.50
424,921.27

98.83 4.16%
420,035.15
3,821.46

0.07%
(4,886.12)
A2/A
NA

0.54 0.52
40139LBG7 GUARDIAN LIFE GLOBAL
FUNDING 5.55 10/28/2027 790,000.00 10/25/2022

5.56%
789,763.00
789,937.18
101.40

4.45%
801,038.67
7,672.88

0.13%
11,101.49
Aa1/AA+
NA

1.33 1.26
756109AU8 REALTY INCOME CORP 3.65
01/15/2028 1,740,000.00 01/10/2023

4.87%
1,646,649.00
1,711,186.07

98.78 4.48%
1,718,740.68
29,285.17

0.27%
7,554.61
A3/A-
NA

1.54 1.45
24422EWR6 JOHN DEERE CAPITAL CORP 4.75
01/20/2028 1,000,000.00 01/17/2023

4.38%
1,016,510.00
1,005,135.64
100.71

4.27%
1,007,073.00
21,243.06

0.16%
1,937.36
A1/A
A+

1.56 1.45
46647PEA0 JPMORGAN CHASE & CO 5.04
01/23/2028 2,000,000.00 11/20/2024

4.81%
2,009,120.00
2,002,369.13
100.31

4.70%
2,006,256.00
44,240.00

0.31%
3,886.87
A1/A
AA-

1.57 0.54
713448GA0 PEPSICO INC 4.45 02/07/2028 100,000.00 09/19/2025

3.73%
101,573.00
101,043.03
100.25

4.28%
100,253.20
1,780.00

0.02%
(789.83)
A1/A+
NA

1.61 1.43
79466LAQ7 SALESFORCE INC 4.5 03/15/2028 65,000.00 03/12/2026

4.37%
65,159.05
65,134.20

99.87 4.57%
64,917.97
877.50

0.01%
(216.23)
A2/A+
NA

1.71 1.60
79466LAQ7 SALESFORCE INC 4.5 03/15/2028 2,710,000.00 03/12/2026

4.37%
2,716,571.75
2,715,544.91

99.87 4.57%
2,706,579.98
36,585.00

0.42%
(8,964.93)
A2/A+
NA

1.71 1.60
64953BBW7 NEW YORK LIFE GLOBAL
FUNDING 4.4 04/25/2028 2,615,000.00 04/22/2025

4.43%
2,613,169.50
2,613,891.01

99.84 4.49%
2,610,925.83
21,094.33

0.41%
(2,965.18)
Aa1/AA+
AAA

1.82 1.71
24422EYD5 JOHN DEERE CAPITAL CORP 4.25
06/05/2028 100,000.00 09/03/2025

3.93%
100,822.00
100,576.63

99.83 4.34%
99,834.60
306.94

0.02%
(742.03)
A1/A
A+

1.93 1.83
74340XCG4 PROLOGIS LP 4.875 06/15/2028 2,630,000.00 --

4.99%
2,617,065.10
2,624,876.39
100.87

4.41%
2,652,778.43
5,698.33

0.42%
27,902.04
A2/A
NA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
14913UBB5 CATERPILLAR FINANCIAL
SERVICES CORP 4.1 08/15/2028 100,000.00 09/03/2025

3.96%
100,389.00
100,280.54

99.49 4.35%
99,488.40
1,548.89

0.02%
(792.14)
A1/A
A+

2.13 1.98
89236TNR2 TOYOTA MOTOR CREDIT CORP

4.05 09/05/2028 100,000.00 09/03/2025

4.00%
100,143.00
100,103.99

99.29 4.39%
99,291.10
1,305.00

0.02%
(812.89)
A1/A+
A+

2.18 2.04
40139LBH5 GUARDIAN LIFE GLOBAL
FUNDING 5.737 10/02/2028 725,000.00 11/29/2023

4.96%
748,968.50
736,177.16
102.57

4.52%
743,619.45
10,282.78

0.12%
7,442.29
Aa1/AA+
NA

2.26 2.07
532457DB1 ELI LILLY AND CO 4.0 10/15/2028 100,000.00 09/19/2025

3.86%
100,374.00
100,277.15

99.34 4.30%
99,343.50
844.44

0.02%
(933.65)
Aa3/AA-
NA

2.29 2.15
26442CAX2 DUKE ENERGY CAROLINAS LLC

3.95 11/15/2028 2,000,000.00 12/06/2023

4.79%
1,927,120.00
1,964,933.57

98.85 4.46%
1,977,094.00
10,094.44

0.31%
12,160.43
Aa3/A
NA

2.38 2.23
59217GFR5 METROPOLITAN LIFE GLOBAL
FUNDING I 4.85 01/08/2029 1,500,000.00 01/03/2024

4.85%
1,500,060.00
1,500,030.28
100.52

4.63%
1,507,818.00
34,960.42

0.24%
7,787.72
Aa3/AA-
AA-

2.53 2.29
66815L2Q1

NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.71
01/10/2029
2,000,000.00 --

4.67%
2,003,845.16
2,001,944.68
100.45

4.52%
2,009,082.00
44,745.00

0.31%
7,137.32
Aa1/AA+
AAA

2.53 2.31
24422EXH7 JOHN DEERE CAPITAL CORP 4.5
01/16/2029 1,000,000.00 04/08/2024

4.91%
982,560.00
990,689.32
100.26

4.39%
1,002,578.00
20,625.00

0.16%
11,888.68
A1/A
A+

2.55 2.33
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,190,000.00 02/21/2024

4.86%
1,189,583.50
1,189,778.64
101.06

4.42%
1,202,636.61
20,039.93

0.19%
12,857.97
A1/AA-
NA

2.66 2.36
14913UAJ9 CATERPILLAR FINANCIAL
SERVICES CORP 4.85 02/27/2029 1,500,000.00 03/18/2024

4.84%
1,500,735.00
1,500,395.80
101.21

4.36%
1,518,210.00
25,058.33

0.24%
17,814.20
A1/A
A+

2.66 2.43
06405LAH4 BANK OF NEW YORK MELLON

4.729 04/20/2029 2,750,000.00 04/17/2025

4.53%
2,765,317.50
2,759,226.90
100.42

4.58%
2,761,594.00
25,648.26

0.43%
2,367.10
Aa2/AA-
AA+

2.80 1.70
38141GWV2 GOLDMAN SACHS GROUP INC

3.814 04/23/2029 100,000.00 09/19/2025

4.43%
99,385.00
99,517.49

98.43 4.88%
98,429.20
720.42

0.02%
(1,088.29)
A2/BBB+
A

2.81 1.71
025816ED7 AMERICAN EXPRESS CO 4.731
04/25/2029 3,000,000.00 04/22/2025

4.70%
3,002,400.00
3,001,454.01
100.26

4.69%
3,007,728.00
26,020.50

0.47%
6,273.99
A2/A-
A

2.82 1.71
06051GMT3 BANK OF AMERICA CORP 4.623
05/09/2029 3,000,000.00 05/14/2025

4.92%
2,987,190.00
2,990,893.66

99.95 4.68%
2,998,554.00
20,033.00

0.47%
7,660.34
A1/A-
AA-

2.86 1.75
57629W4T4 MASSMUTUAL GLOBAL
FUNDING II 5.15 05/30/2029 1,500,000.00 05/22/2024

5.17%
1,498,755.00
1,499,274.55
101.27

4.68%
1,518,975.00
6,652.08

0.24%
19,700.45
Aa3/AA+
AA+

2.91 2.67
64952WFG3 NEW YORK LIFE GLOBAL
FUNDING 5.0 06/06/2029 1,135,000.00 06/03/2024

5.04%
1,132,820.80
1,133,721.84
101.27

4.53%
1,149,420.18
3,940.97

0.18%
15,698.34
Aa1/AA+
AAA

2.93 2.69
437076BY7 HOME DEPOT INC 2.95
06/15/2029 1,700,000.00 09/12/2024

3.98%
1,624,826.00
1,653,232.77

96.03 4.40%
1,632,491.30
2,228.89

0.26%
(20,741.47)
A2/A
A

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
44891AEN3 HYUNDAI CAPITAL AMERICA 4.75
06/18/2029 2,250,000.00 06/15/2026

4.79%
2,247,797.25
2,247,823.38

99.66 4.87%
2,242,307.25
3,859.38

0.35%
(5,516.13)
A3/A-
A-

2.97 2.73
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,700,000.00 06/18/2024

4.82%
1,694,985.00
1,697,006.38
100.99

4.39%
1,716,824.90
1,345.83

0.27%
19,818.52
A2/A
A

2.99 2.68
756109CB8 REALTY INCOME CORP 4.0
07/15/2029 100,000.00 09/03/2025

4.14%
99,487.00
99,596.15

98.17 4.65%
98,166.30
1,844.44

0.02%
(1,429.85)
A3/A-
NA

3.04 2.77
713448FX1 PEPSICO INC 4.5 07/17/2029 2,035,000.00 07/15/2024

4.53%
2,031,845.75
2,033,079.12
100.31

4.39%
2,041,296.29
41,717.50

0.32%
8,217.17
A1/A+
NA

3.05 2.69
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029 100,000.00 09/03/2025

4.14%
100,564.00
100,402.86

99.49 4.56%
99,488.60
1,945.86

0.02%
(914.26)
A2/A-
A

3.05 1.90
46647PAV8 JPMORGAN CHASE & CO 4.203
07/23/2029 3,000,000.00 09/04/2025

4.08%
3,010,230.00
3,007,322.42

99.14 4.84%
2,974,317.00
55,339.50

0.47%
(33,005.42)
A1/A
AA-

3.06 1.92
89236TMK8 TOYOTA MOTOR CREDIT CORP

4.55 08/09/2029 2,000,000.00 08/07/2024

4.57%
1,998,320.00
1,998,955.75

99.96 4.56%
1,999,226.00
35,894.44

0.31%
270.25
A1/A+
A+

3.11 2.82
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 1,925,000.00 08/12/2024

4.25%
1,920,784.25
1,922,368.04

99.48 4.38%
1,914,930.33
30,767.92

0.30%
(7,437.72)
Aa3/AA-
NA

3.12 2.85
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,441,000.00 08/12/2024

4.52%
1,449,141.56
1,446,034.61
100.49

4.48%
1,448,095.48
25,313.57

0.23%
2,060.87
A2/A
A

3.13 2.76
30303M8S4 META PLATFORMS INC 4.3
08/15/2029 1,520,000.00 08/12/2024

4.33%
1,517,640.24
1,518,525.47

99.78 4.38%
1,516,625.60
24,691.56

0.24%
(1,899.87)
Aa3/AA-
NA

3.13 2.85
95000U4A8 WELLS FARGO & CO 4.078
09/15/2029 100,000.00 09/19/2025

4.32%
99,933.00
99,945.99

98.60 4.68%
98,597.20
1,200.74

0.02%
(1,348.79)
A1/BBB+
A+

3.21 2.06
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 2,000,000.00 09/23/2024

4.18%
2,000,000.00
2,000,000.00

98.69 4.62%
1,973,818.00
22,055.83

0.31%
(26,182.00)
Aa1/AA+
NA

3.24 2.96
61748UAK8 MORGAN STANLEY 4.133
10/18/2029 2,950,000.00 10/17/2025

4.25%
2,950,370.50
2,950,285.00

98.64 4.70%
2,909,732.50
24,723.38

0.46%
(40,552.50)
A1/A-
A+

3.30 2.15
38141GD27 GOLDMAN SACHS GROUP INC

4.153 10/21/2029 3,155,000.00 --

4.29%
3,155,396.00
3,155,304.59

98.59 4.72%
3,110,514.50
25,477.50

0.49%
(44,790.09)
A2/BBB+
A

3.31 2.15
00287YBX6 ABBVIE INC 3.2 11/21/2029 2,200,000.00 09/24/2025

4.04%
2,130,128.00
2,142,970.09

95.75 4.57%
2,106,590.20
7,822.22

0.33%
(36,379.89)
A2/A-
NA

3.39 3.15
857449AE2 STATE STREET BANK AND TRUST
CO 4.782 11/23/2029 3,000,000.00 11/29/2024

4.60%
3,024,420.00
3,016,678.71
101.01

4.46%
3,030,261.00
15,143.00

0.47%
13,582.29
Aa2/AA-
AA+

3.40 3.09
26444HAH4 DUKE ENERGY FLORIDA LLC 2.5
12/01/2029 2,000,000.00 12/02/2024

4.63%
1,812,380.00
1,871,525.56

93.53 4.57%
1,870,574.00
4,166.67

0.29%
(951.56)
A1/A
NA

3.42 3.21
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 2,490,000.00 01/02/2025

4.95%
2,484,870.60
2,486,381.89
100.57

4.72%
2,504,280.15
58,293.67

0.39%
17,898.26
Aa3/AA-
AA-

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
61747YFK6 MORGAN STANLEY 5.173
01/16/2030 3,000,000.00 02/12/2025

5.18%
2,998,620.00
2,999,104.40
100.90

4.87%
3,027,039.00
71,128.75

0.47%
27,934.60
A1/A-
A+

3.55 2.30
6174468G7 MORGAN STANLEY 4.431
01/23/2030 100,000.00 09/03/2025

4.25%
100,571.00
100,432.52

99.09 5.04%
99,086.40
1,944.72

0.02%
(1,346.12)
A1/A-
A+

3.57 2.35
63743HFX5

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.95 02/07/2030
1,500,000.00 02/05/2025

4.88%
1,504,310.00
1,503,087.83
101.05

4.63%
1,515,807.00
29,700.00

0.24%
12,719.17
A2/NA
A

3.61 3.14
637432NV3

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

2.4 03/15/2030
100,000.00 09/19/2025

4.02%
93,433.00
94,565.66

92.13 4.74%
92,127.60
706.67

0.01%
(2,438.06)
A1/A-
A+

3.71 3.45
12572QAL9 CME GROUP INC 4.4 03/15/2030 100,000.00 09/19/2025

4.02%
101,511.00
101,245.85

99.53 4.54%
99,526.10
1,295.56

0.02%
(1,719.75)
Aa3/AA-
AA-

3.71 3.34
00287YDZ9 ABBVIE INC 4.875 03/15/2030 100,000.00 09/19/2025

4.04%
103,335.00
102,749.77
101.10

4.55%
101,100.60
1,435.42

0.02%
(1,649.17)
A2/A-
NA

3.71 3.25
40139LBK8 GUARDIAN LIFE GLOBAL
FUNDING 4.798 04/28/2030 2,000,000.00 04/23/2025

4.80%
2,000,000.00
2,000,000.00
100.32

4.70%
2,006,398.00
16,793.00

0.31%
6,398.00
Aa1/AA+
NA

3.83 3.43
665859AV6 NORTHERN TRUST CORP 1.95
05/01/2030 100,000.00 09/19/2025

4.01%
91,417.00
92,856.00

91.01 4.53%
91,006.00
325.00

0.01%
(1,850.00)
A2/A+
A+

3.84 3.61
57629TBX4 MASSMUTUAL GLOBAL
FUNDING II 4.55 05/07/2030 2,000,000.00 05/01/2025

4.58%
1,997,340.00
1,997,951.83

99.26 4.76%
1,985,266.00
13,650.00

0.31%
(12,685.83)
Aa3/AA+
AA+

3.85 3.47
341081GP6 FLORIDA POWER & LIGHT CO

4.625 05/15/2030 100,000.00 09/11/2025

3.99%
102,612.00
102,148.35
100.28

4.54%
100,276.60
590.97

0.02%
(1,871.75)
Aa2/A+
AA-

3.87 3.35
747525BU6 QUALCOMM INC 4.5 05/20/2030 100,000.00 09/19/2025

4.03%
101,953.00
101,623.41

99.96 4.51%
99,963.60
512.50

0.02%
(1,659.81)
A2/A
NA

3.89 3.51
46647PDF0 JPMORGAN CHASE & CO 4.565
06/14/2030 100,000.00 09/03/2025

4.29%
100,958.00
100,749.59

99.62 4.87%
99,624.60
215.57

0.02%
(1,124.99)
A1/A
AA-

3.96 2.73
26444HAJ0 DUKE ENERGY FLORIDA LLC 1.75
06/15/2030 100,000.00 09/03/2025

4.23%
89,373.00
91,199.99

89.66 4.64%
89,657.00

77.78 0.01%
(1,542.99)
A1/A
NA

3.96 3.74
74464AAC5 PUBLIC STORAGE OPERATING CO

4.375 07/01/2030 100,000.00 09/03/2025

4.26%
100,473.00
100,391.02

99.35 4.56%
99,348.10
2,187.50

0.02%
(1,042.92)
A2/A
NA

4.00 3.63
828807DK0 SIMON PROPERTY GROUP LP

2.65 07/15/2030 100,000.00 09/03/2025

4.23%
93,096.00
94,262.87

92.73 4.64%
92,732.60
1,221.94

0.01%
(1,530.27)
A3/A
NA

4.04 3.71
828807DK0 SIMON PROPERTY GROUP LP

2.65 07/15/2030 4,000,000.00 08/19/2025

4.32%
3,706,760.00
3,758,363.69

92.73 4.64%
3,709,304.00
48,877.78

0.58%
(49,059.69)
A3/A
NA

4.04 3.71
06051GHV4 BANK OF AMERICA CORP 3.194
07/23/2030 100,000.00 09/03/2025

4.57%
96,015.00
96,685.50

95.58 4.87%
95,575.00
1,401.81

0.01%
(1,110.50)
A1/A-
AA-

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
06406RBK2 BANK OF NEW YORK MELLON
CORP 4.596 07/26/2030 100,000.00 09/03/2025

4.11%
101,729.00
101,363.98

99.99 4.78%
99,990.30
1,978.83

0.02%
(1,373.68)
Aa3/A
AA-

4.07 2.78
437076DJ8 HOME DEPOT INC 3.95
09/15/2030 75,000.00 09/08/2025

4.03%
74,730.75
74,773.36

98.00 4.48%
73,496.25
872.29

0.01%
(1,277.11)
A2/A
A

4.21 3.78
58933YBQ7 MERCK & CO INC 4.15
09/15/2030 100,000.00 09/19/2025

4.05%
100,445.00
100,374.82

98.82 4.46%
98,816.00
1,221.94

0.02%
(1,558.82)
Aa3/A+
NA

4.21 3.77
437076DJ8 HOME DEPOT INC 3.95
09/15/2030 3,000,000.00 09/08/2025

4.03%
2,989,230.00
2,990,934.56

98.00 4.48%
2,939,850.00
34,891.67

0.46%
(51,084.56)
A2/A
A

4.21 3.78
40139LBN2 GUARDIAN LIFE GLOBAL
FUNDING 4.327 10/06/2030 100,000.00 09/30/2025

4.33%
100,000.00
100,000.00

98.37 4.75%
98,365.90
1,021.65

0.02%
(1,634.10)
Aa1/AA+
NA

4.27 3.81
141781CF9 CARGILL INC 4.125 10/23/2030 2,200,000.00 10/20/2025

4.14%
2,198,343.40
2,198,571.11

97.93 4.66%
2,154,504.00
17,141.67

0.34%
(44,067.11)
A2/A
NA

4.31 3.87
665859AY0 NORTHERN TRUST CORP 4.15
11/19/2030 3,000,000.00 11/13/2025

4.15%
2,999,880.00
2,999,894.72

98.55 4.52%
2,956,647.00
14,525.00

0.46%
(43,247.72)
A2/A+
A+

4.39 3.94
63743HGC0

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.3 12/10/2030
2,000,000.00 12/10/2025

4.26%
2,003,480.00
2,003,088.38

98.64 4.64%
1,972,836.00
5,016.67

0.31%
(30,252.38)
A2/NA
A

4.45 3.99
64952WFR9 NEW YORK LIFE GLOBAL
FUNDING 4.25 01/09/2031 2,190,000.00 01/05/2026

4.29%
2,186,496.00
2,186,827.98

98.37 4.65%
2,154,252.63
44,469.17

0.34%
(32,575.35)
Aa1/AA+
AAA

4.53 3.98
66815L2Z1

NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.3
01/13/2031
2,715,000.00 01/06/2026

4.30%
2,714,755.65
2,714,778.27

98.44 4.69%
2,672,545.55
54,481.00

0.42%
(42,232.72)
Aa1/AA+
AAA

4.54 3.99
6944PL3M9 PACIFIC LIFE GLOBAL FUNDING II

4.375 02/03/2031 75,000.00 02/09/2026

4.26%
75,396.00
75,365.30

98.72 4.69%
74,036.70
1,348.96

0.01%
(1,328.60)
Aa3/AA-
AA-

4.60 4.04
6944PL3M9 PACIFIC LIFE GLOBAL FUNDING II

4.375 02/03/2031 2,000,000.00 01/29/2026

4.34%
2,002,760.00
2,002,536.30

98.72 4.69%
1,974,312.00
35,972.22

0.31%
(28,224.30)
Aa3/AA-
AA-

4.60 4.04
92826CAZ5 VISA INC 4.1 02/12/2031 2,690,000.00 02/03/2026

4.13%
2,686,395.40
2,686,669.79

98.91 4.36%
2,660,697.83
42,584.19

0.42%
(25,971.96)
Aa3/AA-
NA

4.62 4.09
743315BC6 PROGRESSIVE CORP 4.6
03/26/2031 108,000.00 04/13/2026

4.41%
108,867.24
108,829.22

99.67 4.68%
107,638.52
1,311.00

0.02%
(1,190.69)
A2/A
A

4.74 4.16
89236TQB4 TOYOTA MOTOR CREDIT CORP

4.55 05/14/2031 3,090,000.00 05/11/2026

4.60%
3,083,727.30
3,083,892.19

99.17 4.74%
3,064,402.44
18,355.46

0.48%
(19,489.75)
A1/A+
A+

4.87 4.29
14913V2D9 CATERPILLAR FINANCIAL
SERVICES CORP 4.5 05/15/2031 50,000.00 --

4.54%
49,910.50
49,912.80

99.53 4.61%
49,763.45
287.50

0.01%
(149.35)
A1/A
A+

4.87 4.30
14913V2D9 CATERPILLAR FINANCIAL
SERVICES CORP 4.5 05/15/2031 4,100,000.00 --

4.55%
4,091,825.20
4,092,035.61

99.53 4.61%
4,080,602.90
23,575.00

0.64%
(11,432.71)
A1/A
A+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
532457DL9 ELI LILLY AND CO 4.375
05/20/2031 1,415,000.00 05/06/2026

4.40%
1,413,485.95
1,413,520.77

99.23 4.55%
1,404,108.75
7,050.43

0.22%
(9,412.03)
Aa3/AA-
NA

4.89 4.33
57636QBL7 MASTERCARD INC 4.6
06/08/2031 85,000.00 06/04/2026

4.62%
84,932.00
84,932.86

99.85 4.63%
84,869.36
249.81

0.01%
(63.50)
Aa3/A+
NA

4.94 4.36
57636QBL7 MASTERCARD INC 4.6
06/08/2031 3,535,000.00 06/04/2026

4.62%
3,532,172.00
3,532,207.62

99.85 4.63%
3,529,566.71
10,388.97

0.55%
(2,640.92)
Aa3/A+
NA

4.94 4.36
Total Corporate 118,804,000.00 4.49%
118,027,064.25
118,243,777.84

99.24 4.59%
117,856,624.15
1,323,023.51

18.46%
(387,153.70)

3.36 2.85
LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 72,630,787.99 --

3.82%
72,630,787.99
72,630,787.99

1.00 3.82%
72,630,787.99

0.00 11.38%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 72,630,787.99 3.82%
72,630,787.99
72,630,787.99

1.00 3.82%
72,630,787.99

0.00 11.38%

0.00 0.00

0.00 LOCAL GOV

INVESTMENT
POOL
90CAMP$00 CAMP 90,582,926.19 --

3.77%
90,582,926.19
90,582,926.19

1.00 3.77%
90,582,926.19

0.00 14.19%

0.00 NA/AAAm
NA

0.00 0.00
90SMCP$00 San Mateo County Investment
Pool 49,745,537.70 --

3.79%
49,745,537.70
49,745,537.70

1.00 3.79%
49,745,537.70

0.00 7.79%

0.00 NA/NA
NA

0.00 0.00
Total Local Gov
Investment Pool 140,328,463.89 3.78%
140,328,463.89
140,328,463.89

1.00 3.78%
140,328,463.89

0.00 21.98%

0.00 0.00

0.00 MONEY MARKET
FUND
X9X9USDDTP38 BNY DREYFUS TRS SEC INST 51,346.12 --

3.53%
51,346.12
51,346.12

1.00 3.53%
51,346.12

0.00 0.01%

0.00 Aaa/
AAAm
AAA

0.00 0.00
X9X9USDDTP38 BNY DREYFUS TRS SEC INST 3,929,145.32 --

3.53%
3,929,145.32
3,929,145.32

1.00 3.53%
3,929,145.32

0.00 0.62%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 3,980,491.44 3.53%
3,980,491.44
3,980,491.44

1.00 3.53%
3,980,491.44

0.00 0.62%

0.00 0.00

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

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

MUNICIPAL
BONDS
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029 2,880,000.00 10/30/2024

4.38%
2,895,177.60
2,889,887.37
100.46

4.34%
2,893,224.96
54,000.00

0.45%
3,337.59
Aa2/AA-
AA

3.09 2.80
57582TEA6

MASSACHUSETTS
COMMONWEALTH 4.35
06/01/2030
2,500,000.00 06/10/2025

4.32%
2,503,250.00
2,502,570.90
100.17

4.30%
2,504,285.00
9,062.50

0.39%
1,714.10
Aa1/AA+
AA+

3.92 3.55
13063DYT9 CALIFORNIA STATE 1.75
11/01/2030 2,000,000.00 08/20/2025

4.05%
1,786,820.00
1,822,087.92

89.45 4.45%
1,789,068.00
5,833.33

0.28%
(33,019.92)
Aa2/AA-
AA

4.34 4.08
13063ESC1 CALIFORNIA ST 4.35 11/01/2032 100,000.00 10/31/2025

4.26%
100,532.00
100,482.59

98.91 4.55%
98,907.50
725.00

0.02%
(1,575.09)
Aa2/AA-
AA

6.34 5.44
13063ESC1 CALIFORNIA ST 4.35 11/01/2032 4,500,000.00 10/31/2025

4.26%
4,523,940.00
4,521,716.73

98.91 4.55%
4,450,837.50
32,625.00

0.70%
(70,879.23)
Aa2/AA-
AA

6.34 5.44
Total Municipal
Bonds 11,980,000.00 4.27%
11,809,719.60
11,836,745.52

98.12 4.43%
11,736,322.96
102,245.83

1.84%
(100,422.56)

4.72 4.18

SUPRANATIONAL
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
3,250,000.00 12/12/2024

4.25%
3,197,090.00
3,213,998.46

99.00 4.20%
3,217,607.25
26,227.50

0.50%
3,608.79
Aaa/AAA
NA

3.30 3.03
Total
Supranational 3,250,000.00 4.25%
3,197,090.00
3,213,998.46

99.00 4.20%
3,217,607.25
26,227.50

0.50%
3,608.79

3.30 3.03

US TREASURY
91282CLB5 UNITED STATES TREASURY 4.375
07/31/2026 4,000,000.00 07/30/2024

4.36%
4,001,250.00
4,000,051.37
100.05

3.67%
4,002,092.00
72,997.24

0.63%
2,040.63
Aa1/AA+
AA+

0.08 0.08
91282CCP4 UNITED STATES TREASURY 0.625
07/31/2026 375,000.00 08/04/2021

0.68%
373,989.26
374,983.35

99.75 3.67%
374,052.00
977.64

0.06%
(931.35)
Aa1/AA+
AA+

0.08 0.08
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 2,240,000.00 --

1.08%
2,217,766.81
2,238,882.85

99.28 3.81%
2,223,782.40
4,926.78

0.35%
(15,100.45)
Aa1/AA+
AA+

0.25 0.25
91282CLS8 UNITED STATES TREASURY 4.125
10/31/2026 3,000,000.00 11/21/2024

4.30%
2,990,156.25
2,998,303.76
100.06

3.93%
3,001,689.00
20,849.18

0.47%
3,385.24
Aa1/AA+
AA+

0.34 0.33
91282CDG3 UNITED STATES TREASURY 1.125
10/31/2026 740,000.00 11/15/2021

1.25%
735,490.63
739,695.89

99.08 3.92%
733,214.20
1,402.58

0.11%
(6,481.69)
Aa1/AA+
AA+

0.34 0.33
91282CKE0 UNITED STATES TREASURY 4.25
03/15/2027 200,000.00 09/11/2025

3.60%
201,882.82
200,881.39
100.17

4.00%
200,330.80
2,494.57

0.03%
(550.59)
Aa1/AA+
AA+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 5,000,000.00 02/15/2023

4.17%
4,685,742.19
4,942,957.19

98.89 4.01%
4,944,530.00
31,420.77

0.77%
1,572.81
Aa1/AA+
AA+

0.75 0.73
91282CKR1 UNITED STATES TREASURY 4.5
05/15/2027 250,000.00 09/19/2025

3.61%
253,535.16
251,873.63
100.33

4.10%
250,835.00
1,436.82

0.04%
(1,038.63)
Aa1/AA+
AA+

0.87 0.84
91282CNL1 UNITED STATES TREASURY 3.75
06/30/2027 250,000.00 09/19/2025

3.59%
250,664.06
250,374.18

99.65 4.11%
249,123.00

25.48 0.04%
(1,251.18)
Aa1/AA+
AA+

1.00 0.97
91282CKZ3 UNITED STATES TREASURY 4.375
07/15/2027 4,000,000.00 07/30/2024

4.17%
4,022,500.00
4,007,903.15
100.25

4.13%
4,009,996.00
80,732.04

0.63%
2,092.85
Aa1/AA+
AA+

1.04 0.99
91282CLG4 UNITED STATES TREASURY 3.75
08/15/2027 250,000.00 09/02/2025

3.67%
250,371.09
250,213.99

99.57 4.14%
248,925.75
3,522.10

0.04%
(1,288.24)
Aa1/AA+
AA+

1.13 1.07
91282CLL3 UNITED STATES TREASURY 3.375
09/15/2027 250,000.00 09/11/2025

3.53%
249,267.58
249,559.35

99.09 4.15%
247,734.50
2,476.22

0.04%
(1,824.85)
Aa1/AA+
AA+

1.21 1.16
91282CLX7 UNITED STATES TREASURY 4.125
11/15/2027 250,000.00 09/19/2025

3.57%
252,851.56
251,825.87

99.94 4.17%
249,843.75
1,317.09

0.04%
(1,982.12)
Aa1/AA+
AA+

1.38 1.31
91282CLX7 UNITED STATES TREASURY 4.125
11/15/2027 5,000,000.00 11/14/2024

4.23%
4,984,765.63
4,992,996.65

99.94 4.17%
4,996,875.00
26,341.71

0.78%
3,878.35
Aa1/AA+
AA+

1.38 1.31
91282CFZ9 UNITED STATES TREASURY 3.875
11/30/2027 1,800,000.00 12/16/2022

3.70%
1,813,851.56
1,803,965.26

99.61 4.16%
1,792,899.00
5,907.79

0.28%
(11,066.26)
Aa1/AA+
AA+

1.42 1.36
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 3,800,000.00 12/28/2022

3.96%
3,785,816.67
3,795,736.44

99.58 4.17%
3,783,967.80
400.14

0.59%
(11,768.64)
Aa1/AA+
AA+

1.50 1.44
91282CMF5 UNITED STATES TREASURY 4.25
01/15/2028 250,000.00 09/02/2025

3.64%
253,388.67
252,208.13
100.11

4.17%
250,273.50
4,901.59

0.04%
(1,934.63)
Aa1/AA+
AA+

1.54 1.45
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 5,000,000.00 02/03/2023

3.61%
4,974,023.44
4,991,736.03

98.97 4.18%
4,948,440.00
72,997.24

0.78%
(43,296.03)
Aa1/AA+
AA+

1.59 1.50
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 3,750,000.00 --

4.04%
3,743,164.07
3,747,759.59

99.73 4.16%
3,740,040.00
50,135.87

0.59%
(7,719.59)
Aa1/AA+
AA+

1.67 1.57
91282CMS7 UNITED STATES TREASURY 3.875
03/15/2028 250,000.00 09/19/2025

3.55%
251,933.59
251,331.08

99.52 4.17%
248,789.00
2,843.07

0.04%
(2,542.08)
Aa1/AA+
AA+

1.71 1.62
91282CQL8 UNITED STATES TREASURY 3.75
04/30/2028 5,000,000.00 05/11/2026

3.92%
4,983,789.06
4,984,916.39

99.28 4.16%
4,963,865.00
31,589.67

0.78%
(21,051.39)
Aa1/AA+
AA+

1.84 1.74
91282CHE4 UNITED STATES TREASURY 3.625
05/31/2028 5,000,000.00 --

4.01%
4,928,007.82
4,966,695.53

99.02 4.16%
4,950,780.00
15,351.78

0.78%
(15,915.53)
Aa1/AA+
AA+

1.92 1.82
91282CHQ7 UNITED STATES TREASURY 4.125
07/31/2028 5,000,000.00 --

4.42%
4,936,132.82
4,973,007.01

99.93 4.16%
4,996,485.00
86,032.46

0.78%
23,477.99
Aa1/AA+
AA+

2.08 1.94
91282CHX2 UNITED STATES TREASURY 4.375
08/31/2028 250,000.00 09/02/2025

3.63%
255,205.08
253,771.66
100.42

4.17%
251,054.75
3,655.74

0.04%
(2,716.91)
Aa1/AA+
AA+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CNY3 UNITED STATES TREASURY 3.375
09/15/2028 250,000.00 09/19/2025

3.56%
248,701.17
249,037.51

98.34 4.17%
245,839.75
2,476.22

0.04%
(3,197.76)
Aa1/AA+
AA+

2.21 2.08
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 3,000,000.00 10/27/2023

4.79%
3,011,367.19
3,005,307.18
101.54

4.17%
3,046,173.00
24,639.95

0.48%
40,865.82
Aa1/AA+
AA+

2.34 2.17
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 250,000.00 09/04/2025

3.57%
246,630.86
247,494.08

97.66 4.17%
244,160.25
997.79

0.04%
(3,333.83)
Aa1/AA+
AA+

2.38 2.25
91282CJN2 UNITED STATES TREASURY 4.375
11/30/2028 1,100,000.00 12/28/2023

3.83%
1,126,812.50
1,113,167.65
100.46

4.17%
1,105,069.90
4,076.16

0.17%
(8,097.75)
Aa1/AA+
AA+

2.42 2.26
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 3,750,000.00 --

3.99%
3,710,400.39
3,730,045.60

99.01 4.17%
3,712,792.50
382.13

0.58%
(17,253.10)
Aa1/AA+
AA+

2.50 2.36
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 5,500,000.00 --

4.30%
5,427,304.69
5,461,894.92

99.57 4.18%
5,476,366.50
91,767.96

0.86%
14,471.58
Aa1/AA+
AA+

2.59 2.39
9128286B1 UNITED STATES TREASURY 2.625
02/15/2029 250,000.00 09/02/2025

3.65%
241,767.58
243,732.65

96.20 4.17%
240,488.25
2,465.47

0.04%
(3,244.40)
Aa1/AA+
AA+

2.63 2.47
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 5,000,000.00 04/10/2024

4.57%
4,901,367.19
4,945,439.48

99.88 4.17%
4,994,140.00
51,844.26

0.78%
48,700.52
Aa1/AA+
AA+

2.75 2.55
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 4,000,000.00 05/03/2024

4.48%
4,025,546.88
4,014,514.00
101.20

4.17%
4,047,812.00
31,168.48

0.63%
33,298.00
Aa1/AA+
AA+

2.83 2.61
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,000,000.00 06/21/2024

4.26%
2,021,484.38
2,012,697.48
100.91

4.17%
2,018,126.00
7,622.95

0.32%
5,428.52
Aa1/AA+
AA+

2.92 2.70
91282CKX8 UNITED STATES TREASURY 4.25
06/30/2029 2,250,000.00 07/18/2024

4.09%
2,265,908.20
2,259,640.00
100.23

4.17%
2,255,098.50
259.85

0.35%
(4,541.50)
Aa1/AA+
AA+

3.00 2.79
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 4,000,000.00 07/30/2024

4.04%
3,993,281.25
3,995,856.89

99.52 4.17%
3,980,936.00
66,740.33

0.62%
(14,920.89)
Aa1/AA+
AA+

3.08 2.82
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 250,000.00 09/02/2025

3.68%
244,892.58
245,946.99

96.91 4.17%
242,285.25
2,611.24

0.04%
(3,661.74)
Aa1/AA+
AA+

3.17 2.94
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 11,000,000.00 --

3.49%
11,065,312.50
11,041,774.49

98.40 4.17%
10,823,824.00
133,277.85

1.70%
(217,950.49)
Aa1/AA+
AA+

3.17 2.92
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 3,000,000.00 10/04/2024

3.76%
2,964,375.00
2,976,752.68

97.97 4.17%
2,939,064.00
26,393.44

0.46%
(37,688.68)
Aa1/AA+
AA+

3.25 3.01
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 5,000,000.00 11/19/2024

4.24%
4,975,390.63
4,983,402.98

99.84 4.18%
4,991,990.00
34,748.64

0.78%
8,587.02
Aa1/AA+
AA+

3.34 3.06
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 5,000,000.00 12/16/2024

4.25%
4,971,289.06
4,980,192.78

99.84 4.17%
4,992,190.00
17,469.26

0.78%
11,997.22
Aa1/AA+
AA+

3.42 3.14
91282CGB1 UNITED STATES TREASURY 3.875
12/31/2029 250,000.00 09/04/2025

3.63%
252,451.17
251,986.72

99.02 4.18%
247,539.00

26.32 0.04%
(4,447.72)
Aa1/AA+
AA+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 250,000.00 09/02/2025

3.70%
253,037.11
252,479.35

99.39 4.18%
248,486.25
3,342.39

0.04%
(3,993.10)
Aa1/AA+
AA+

3.67 3.33
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 5,000,000.00 --

4.04%
4,991,093.75
4,993,194.42

99.39 4.18%
4,969,725.00
66,847.83

0.78%
(23,469.42)
Aa1/AA+
AA+

3.67 3.33
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 7,000,000.00 --

3.86%
6,930,742.19
6,944,773.86

98.06 4.19%
6,864,375.00
63,784.15

1.08%
(80,398.86)
Aa1/AA+
AA+

3.75 3.43
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 8,000,000.00 --

4.01%
7,950,859.38
7,961,834.53

98.92 4.18%
7,913,440.00
52,228.26

1.24%
(48,394.53)
Aa1/AA+
AA+

3.83 3.50
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 10,000,000.00 --

4.01%
9,995,507.82
9,996,475.14

99.32 4.19%
9,932,420.00
33,879.78

1.56%
(64,055.14)
Aa1/AA+
AA+

3.92 3.58
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 5,000,000.00 07/09/2025

3.98%
4,976,562.50
4,981,157.08

98.84 4.19%
4,942,190.00
526.49

0.77%
(38,967.08)
Aa1/AA+
AA+

4.00 3.66
91282CHR5 UNITED STATES TREASURY 4.0
07/31/2030 250,000.00 09/02/2025

3.75%
252,792.97
252,323.84

99.27 4.19%
248,183.50
4,171.27

0.04%
(4,140.34)
Aa1/AA+
AA+

4.08 3.67
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 250,000.00 09/11/2025

3.55%
250,888.67
250,745.62

97.83 4.20%
244,580.00
3,029.04

0.04%
(6,165.62)
Aa1/AA+
AA+

4.17 3.77
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 10,000,000.00 --

3.70%
9,967,851.56
9,973,073.76

97.83 4.20%
9,783,200.00
121,161.68

1.53%
(189,873.76)
Aa1/AA+
AA+

4.17 3.77
91282CPA3 UNITED STATES TREASURY 3.625
09/30/2030 7,500,000.00 --

3.71%
7,472,851.57
7,475,654.54

97.80 4.20%
7,334,767.50
68,340.16

1.15%
(140,887.04)
Aa1/AA+
AA+

4.25 3.86
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 250,000.00 12/08/2025

3.76%
247,031.25
247,364.56

97.20 4.20%
242,988.25
741.12

0.04%
(4,376.31)
Aa1/AA+
AA+

4.42 4.03
91282CQD6 UNITED STATES TREASURY 3.5
02/28/2031 5,000,000.00 04/21/2026

3.87%
4,917,968.75
4,921,207.43

97.07 4.20%
4,853,320.00
58,491.85

0.76%
(67,887.43)
Aa1/AA+
AA+

4.67 4.20
91282CQG9 UNITED STATES TREASURY 3.875
03/31/2031 200,000.00 04/08/2026

3.92%
199,585.94
199,604.85

98.58 4.21%
197,156.20
1,948.09

0.03%
(2,448.65)
Aa1/AA+
AA+

4.75 4.25
91282CQG9 UNITED STATES TREASURY 3.875
03/31/2031 5,000,000.00 04/08/2026

3.92%
4,989,648.44
4,990,121.30

98.58 4.21%
4,928,905.00
48,702.19

0.77%
(61,216.30)
Aa1/AA+
AA+

4.75 4.25
91282CQK0 UNITED STATES TREASURY 3.875
04/30/2031 200,000.00 05/20/2026

4.23%
196,882.81
196,953.62

98.56 4.21%
197,125.00
1,305.71

0.03%
171.38
Aa1/AA+
AA+

4.83 4.33
91282CQK0 UNITED STATES TREASURY 3.875
04/30/2031 5,000,000.00 06/01/2026

4.19%
4,931,445.31
4,932,554.11

98.56 4.21%
4,928,125.00
32,642.66

0.77%
(4,429.11)
Aa1/AA+
AA+

4.83 4.33
Total US Treasury 180,655,000.00 3.96%
179,614,579.06
180,100,031.85

99.14 4.15%
179,092,499.05
1,584,846.55

28.06%
(1,007,532.80)

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Portfolio 643,358,680.35 4.06%
638,685,020.34
640,299,435.70

65.50 4.15%
638,349,838.75
3,286,198.21
100.00%
(1,949,596.95)

2.04 1.72
Total Market Value
+ Accrued 641,636,036.96

San Mateo City CouncilSeptember 8, 2026

San Mateo City Council
September 8, 2026