Att A - Shuster Advisory Group Statement — San Pablo City Council, February 17, 2026

Monthly Treasurer's Report (12/31/2025)
City of San Pablo
Historical Cost Amortized Cost Market ValueUnrealized Gain / Loss
Weighted Average
Final Maturity (Days)
Weighted Average Life
(Years)
Percent
of Portfolio
Weighted Average
Effective Duration
Cash & Cash Equivalents $931,055.04 $931,055.04 $931,055.04 $0.00 1 0 1.12% 0.00 Corportate Bonds $25,172,107.70 $25,147,771.40 $25,513,365.54 $365,594.14 1122 2.55 30.69% 2.32 Agency Securities1 $24,865,595.98 $24,853,721.13 $25,061,623.03 $207,901.90 2821 2.53 30.15% 1.78 U.S Treasuries $28,375,340.65 $28,374,367.46 $28,796,640.35 $422,272.89 771 2.11 34.64% 1.97 Municipal Bonds $2,831,810.00 $2,831,810.00 $2,833,640.00 $1,830.00 1295 3.54 3.41% 3.33 Total $82,175,909.37 $82,138,725.03 $83,136,323.96 $997,598.93 1506 2.40 100% 2.04 Accumulated
Accrued Interest Paid $38,807.59
Accumulated
Amortization of Securities $19,643.72
Accumulated Other Income
(Treasury Bill Interest / Realized Gains)($174,846.53)
Accumulated
Principal Prepayments $166,543.89
General Ledger Historical Cost $82,226,058.04
1 - Unrealized Gains/Loss includes a gain of $10,590.52 from manual calculations for the following CUSIPS: 3142JCAB6, 3142JCAC4, 3142JCAT7, 3142JCAU4, 3142JCA42 Shuster Advisory Group, LLC (“Shuster”), is a Securities & Exchange Commission Registered Investment Advisor. This material has been prepared for informational and summary purposes only and is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommendations. Past performance is not a guarantee of future results.

1 of 16
Statement Period
December 1-31, 2025

CITY OF SAN PABLO
MGR: BLACKROCK INVESTMENT
Account Number
4357-7154
Schwab One® Account of

CITY OF SAN PABLO
MGR: BLACKROCK INVESTMENT
1000 GATEWAY AVE
SAN PABLO CA 94806-3722
12/31-00000-AC115-REG100871-081REG30890-212REG99377-104 Your Independent Investment Manager
and/or Advisor

SHUSTER ADVISORY GROUP, LLC
155 N. LAKE AVE
SUITE 950
PASADENA CA 91101-4860
1 (626) 578-0816
The custodian of your brokerage account is:

Charles Schwab & Co., Inc. Member SIPC. Your
independent Investment Advisor is not affiliated
with or an agent of Schwab and Schwab does not
supervise or endorse your Advisor.

Managed Account Details
Money Manager
BlackRock Investment Management, LLC
Investment Strategy
BlackRock Short-Term Taxable Fixed Income
Account Summary
Ending Account Value as of 12/31 Beginning Account Value as of 12/01 $83,136,323.96 $87,905,690.60
Online Assistance
Visit us online at schwaballiance.com
Visit schwab.com/stmt to explore the features
and benefits of this statement.

Jan'25 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$0.0M
$19.6M
$39.3M
$58.9M
$78.6M
$98.3M
This Statement YTD
Beginning Account Value $87,905,690.60 $0.00
Deposits 0.00 60,295,600.82
Withdrawals (5,000,000.00) (10,000,000.00)
Dividends and Interest 276,588.41 834,796.82
Transfer of Securities 0.00 32,090,653.67
Market Appreciation/(Depreciation) (45,121.72) (55,140.49) Expenses (833.33) (29,586.86)
Ending Account Value $83,136,323.96 $83,136,323.96
Pending Dividends and Accrued Interest d 721,302.15
Total Estimated Value d $83,857,626.11
Ending Account Value reflects the market value of your cash and investments. It does not include pending transactions, accrued interest, unpriced securities or assets held outside Schwab's custody. 2 of 16
Statement Period
December 1-31, 2025

CITY OF SAN PABLO
MGR: BLACKROCK INVESTMENT
Schwab One® Account of
$83.13M
Asset Allocation
This Period
Current
Allocation
Cash and Cash Investments 931,055.04 1%
Fixed Income 82,205,268.92 99%
Total $83,136,323.96 100%
i
Top Account Holdings This Period
SYMBOL
CUSIP Description
Market
Value
% of
Accounts
3142JCAC4 FHLMC RR0002 2,596,745.17 3%
3133ETTC1 FFCB 2,502,367.50 3%
912797RV1 US TREASURY 2,484,736.75 3%
3142JCA42 FHLMC RR0026 2,334,529.35 3%
3142JCAU4 FHLMC RR0018 2,287,496.56 3%
.

Gain or (Loss) Summary
Short-Term (ST) Long-Term (LT)
Gain (Loss) Net Gain (Loss) Net
This
Period 0.00 0.00 0.00 0.00 0.00 0.00b
YTD 6,480.00 0.00
Unrealized $972,541.17,b
Values may not reflect all of your gains/losses and may be rounded up to the nearest dollar; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases.

Please login to your account at Schwab.com for real-time gain/loss information. Statement information should not be used for tax preparation, instead refer to official tax documents. For additional information refer to Terms and Conditions.
i
Income Summary
This Period YTD
Federal Tax Status Tax-Exempt Taxable Tax-Exempt Taxable Bank Sweep Interest 0.00 163.01 0.00 1,988.37
Corporate Bond and
Other Interest

0.00 66,366.65 0.00 400,343.45
Treasury Bond
Interest

0.00 114,687.50 0.00 204,140.62
Treasury Bill Interest 0.00 45,552.50 0.00 70,239.17
Municipal Bond
Interest

0.00 8,527.50 0.00 8,527.50
Agency Security
Interest

0.00 86,843.75 0.00 219,796.88
Total Income $0.00 $322,140.91 $0.00 $905,035.99
Accrued Interest
Paid 4

0.00 (13,176.18) 0.00 (253,755.69)
4 Certain accrued interest paid on taxable bonds may be deductible; consult your tax advisor 3 of 16
Statement Period
December 1-31, 2025

CITY OF SAN PABLO
MGR: BLACKROCK INVESTMENT
Schwab One® Account of
A Message About Your Account

CALIFORNIA RESIDENTS
If your total payments of interest and interest dividends on federally tax-exempt non-California municipal bonds were $10 or greater and you or your Partnership had a California address as of 12/31, Schwab will report this information to the California Franchise Tax Board each tax year, per state statute. (1223-3LZ0) Positions - Summary
Beginning Value
as of 12/01 +
Transfer of
Securities(In/Out) +
Dividends
Reinvested + Cash Activity +
Change in
Market Value =
Ending Value
as of 12/31 Cost Basis
Unrealized
Gain/(Loss)
$87,905,690.60 $0.00 $0.00 ($4,724,244.92) ($45,121.72) $83,136,323.96 $81,207,669.99 $972,541.17 b Values may not reflect all of your gains/losses; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases. Statement information should not be used for tax preparation, instead refer to official tax documents. For additional information refer to Terms and Conditions.

Cash and Cash Investments
Type Symbol Description Quantity Price($)
Beginning
Balance($)
Ending
Balance($)
Change in Period
Balance($)
Pending/Unsettled
Cash($)
Interest/
Yield Rate
% of
Acct
Cash , 0.00 61,875.00 61,875.00 0.00 <1%
Bank Sweep CHARLES SCHWAB

BANK,X,Z
3,188,906.01 620,180.04 (2,568,725.97) 0.01% <1%
Bank Sweep SCHWAB PREMIER

BANK,X,Z
249,000.00 249,000.00 0.00 0.01% <1%
Total Cash and Cash Investments $3,437,906.01 $931,055.04 ($2,506,850.97) 1% Positions - Fixed Income
Symbol/
CUSIP Description Coupon
Maturity
Date Quantity/Par Price($)
Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b
Yield to
Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
912797RK5 US TREASURY 01/29/26 750,000.0000 99.73450 748,008.75 746,971.00 746,971.00
1,037.75 3.61% N/A 0.00 <1%
912797RV1 US TREASURY 03/05/26 2,500,000.0000 99.38947 2,484,736.75 2,480,234.40 2,480,234.40
4,502.35 N/A y N/A 0.00 3%
9128286S4 US TREASU NT 2.375% 04/30/26 1,200,000.0000 99.62109 1,195,453.08 1,130,675.90 1,130,675.90 a
64,777.18 4.86% 28,500.00 4,881.22 1%
91282CHB0 US TREASU NT 3.625% 05/15/26 1,250,000.0000 100.02734 1,250,341.75 1,246,584.51 1,246,584.51
3,757.24 N/A y 45,312.50 5,883.11 2%
4 of 16
Statement Period
December 1-31, 2025

CITY OF SAN PABLO
MGR: BLACKROCK INVESTMENT
Schwab One® Account of
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon
Maturity
Date Quantity/Par Price($)
Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b
Yield to
Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
91282CCW9 US TREASUR NT 0.75% 08/31/26 1,200,000.0000 98.16796 1,178,015.52 1,053,937.50 1,053,937.50 a
124,078.02 4.21% 9,000.00 3,058.01 1%
91282CLS8 US TREASU NT 4.125% 10/31/26 675,000.0000 100.41796 677,821.23 673,499.33 673,499.33 a
4,321.90 4.25% 27,843.75 4,768.82 <1%
912828YX2 US TREASUR NT 1.75% 12/31/26 500,000.0000 98.27343 491,367.15 457,677.46 457,677.46 a
33,689.69 4.44% 8,750.00 24.17 <1%
91282CEF4 US TREASUR NT 2.5% 03/31/27 400,000.0000 98.75781 395,031.24 374,563.84 374,563.84 a
20,467.40 4.39% 10,000.00 2,554.95 <1%
91282CET4 US TREASU NT 2.625% 05/31/27 700,000.0000 98.79687 691,578.09 656,689.85 656,689.85 a
34,888.24 4.55% 18,375.00 1,615.38 <1%
91282CNE7 US TREASU NT 3.875% 05/31/27 750,000.0000 100.51562 753,867.15 750,944.90 751,095.25
2,922.25 3.79% 29,062.50 2,554.95 <1%
91282CNL1 US TREASUR NT 3.75% 06/30/27 2,000,000.0000 100.38671 2,007,734.20 2,000,204.32 2,000,375.35
7,529.88 N/A y 75,000.00 207.18 2%
91282CNP2 US TREASU NT 3.875% 07/31/27 1,500,000.0000 100.58593 1,508,788.95 1,503,186.58 1,503,186.58
5,602.37 N/A y 58,125.00 24,324.05 2%
91282CFB2 US TREASUR NT 2.75% 07/31/27 770,000.0000 98.87109 761,307.39 723,983.05 723,983.05 a
37,324.34 4.43% 21,175.00 8,861.28 <1%
91282CPB1 US TREASUR NT 3.5% 09/30/27 750,000.0000 100.03125 750,234.38 750,948.76 750,948.76
(714.38) 3.43% 26,250.00 6,706.73 <1%
91282CNH0 US TREASU NT 3.875% 06/15/28 1,250,000.0000 100.86718 1,260,839.75 1,254,748.38 1,255,285.76
6,091.37 N/A y 48,437.50 2,262.19 2%
91282CHK0 US TREASUR NT
Moodys: NR S&P: NR

4.0% 06/30/28 1,000,000.0000 101.16796 1,011,679.60 999,065.85 999,065.85 a
12,613.75 4.02% 40,000.00 110.50 1%
91282CNM9 US TREASU NT 3.875% 07/15/28 1,250,000.0000 100.85546 1,260,693.25 1,256,741.23 1,256,741.23
3,952.02 N/A y 48,437.50 22,376.02 2%
91282CNU1 US TREASU NT 3.625% 08/15/28 1,250,000.0000 100.26171 1,253,271.38 1,249,816.79 1,249,816.79
3,454.59 3.63% 45,312.50 17,115.32 2%
91282CNY3 US TREASU NT 3.375% 09/15/28 1,000,000.0000 99.60546 996,054.60 992,746.06 992,746.06
3,308.54 3.64% 33,750.00 10,069.06 1%
5 of 16
Statement Period
December 1-31, 2025

CITY OF SAN PABLO
MGR: BLACKROCK INVESTMENT
Schwab One® Account of
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon
Maturity
Date Quantity/Par Price($)
Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b
Yield to
Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
91282CPC9 US TREASUR NT 3.5% 10/15/28 1,500,000.0000 99.91406 1,498,710.90 1,499,309.02 1,499,309.02
(598.12) 3.52% 52,500.00 11,250.00 2%
91282CDL2 US TREASUR NT 1.5% 11/30/28 650,000.0000 94.38281 613,488.27 598,230.69 598,230.69 a
15,257.58 3.57% 9,750.00 857.14 <1%
91282CFJ5 US TREASU NT 3.125% 08/31/29 850,000.0000 98.32812 835,789.02 820,286.05 820,286.05 a
15,502.97 3.92% 26,562.50 9,025.38 1%
91282CLR0 US TREASU NT 4.125% 10/31/29 600,000.0000 101.74218 610,453.08 600,424.92 600,494.20 a
10,028.16 4.11% 24,750.00 4,238.95 <1%
91282CGQ8 US TREASUR NT 4.0% 02/28/30 800,000.0000 101.30468 810,437.44 802,674.85 802,720.00 a
7,762.59 3.92% 32,000.00 10,077.35 <1%
91282CNN7 US TREASU NT 3.875% 07/31/30 1,250,000.0000 100.78125 1,259,765.63 1,255,490.98 1,255,490.98
4,274.65 N/A y 48,437.50 20,270.04 2%
91282CNX5 US TREASU NT 3.625% 08/31/30 1,000,000.0000 99.67968 996,796.80 994,777.31 994,777.31
2,019.49 3.74% 36,250.00 12,316.99 1%
91282CPD7 US TREASU NT 3.625% 10/31/30 1,500,000.0000 99.62500 1,494,375.00 1,499,953.93 1,499,953.93
(5,578.93) 3.63% 54,375.00 9,312.85 2%
3133ERCT6 FFCB
Moodys: Aa1 S&P: AA+

5.0% 01/29/26 600,000.0000 100.08880 600,532.80 600,469.07 601,525.20 a

63.73 4.84% 30,000.00 12,666.67 <1%
3130AXB31 FHLB
Moodys: Aa1 S&P: AA+

4.875% 03/13/26 700,000.0000 100.21600 701,512.00 697,403.00 697,403.00 a
4,109.00 5.04% 34,125.00 10,237.50 <1%
3133EP7C3 FFCB
Moodys: Aa1 S&P: AA+

4.625% 04/01/26 600,000.0000 100.21430 601,285.80 597,897.00 597,897.00 a
3,388.80 4.82% 27,750.00 6,937.50 <1%
3130AWGR5 FHLB
Moodys: Aa1 S&P: AA+

4.375% 06/12/26 500,000.0000 100.28360 501,418.00 492,035.00 492,035.00 a
9,383.00 5.01% 21,875.00 1,154.51 <1%
3133EPPE9 FFCB
Moodys: Aa1 S&P: AA+

4.375% 07/06/26 500,000.0000 100.33450 501,672.50 493,905.00 493,905.00 a
7,767.50 4.83% 21,875.00 10,633.68 <1%
3133EPQC2 FFCB
Moodys: Aa1 S&P: AA+

4.625% 07/17/26 1,000,000.0000 100.48600 1,004,860.00 1,000,504.19 1,001,388.83 a
4,355.81 4.57% 46,250.00 21,069.44 1%
6 of 16
Statement Period
December 1-31, 2025

4.625% 09/11/26 1,050,000.0000 100.62950 1,056,609.75 1,043,563.50 1,043,563.50 a
13,046.25 4.84% 48,562.50 14,838.54 1%
3135G0Q22 FEDERAL NTNL MO
Moodys: Aa1 S&P: AA+

1.875% 09/24/26 550,000.0000 98.70810 542,894.55 512,119.85 512,119.85 a
30,774.70 4.50% 10,312.50 2,778.65 <1%
3130ATUS4 FHLB
Moodys: Aa1 S&P: AA+

4.25% 12/10/27 800,000.0000 101.30770 810,461.60 805,302.97 812,080.00 a
5,158.63 3.90% 34,000.00 1,983.33 <1%
3130AEB25 FHLB
Moodys: Aa1 S&P: AA+

3.25% 06/09/28 750,000.0000 99.26940 744,520.50 715,185.00 715,185.00 a
29,335.50 4.55% 24,375.00 1,489.58 <1%
3133ETTC1 FFCB
Moodys: Aa1 S&P: AA+
CALLABLE 08/14/26 AT 100.00000

4.08% 08/14/28 2,500,000.0000 100.09470 2,502,367.50 2,499,760.00 2,499,760.00
2,607.50 4.08% 102,000.00 38,816.67 3%
3130AVBD3 FHLB
Moodys: Aa1 S&P: AA+

4.5% 03/09/29 1,200,000.0000 102.59840 1,231,180.80 1,189,191.91 1,189,191.91 a
41,988.89 4.71% 54,000.00 16,800.00 1%
3130ATHX8 FHLB
Moodys: Aa1 S&P: AA+

4.125% 09/14/29 800,000.0000 101.51560 812,124.80 805,472.01 806,608.00 a
6,652.79 3.94% 33,000.00 9,808.33 <1%
3130ATUT2 FHLB
Moodys: Aa1 S&P: AA+

4.5% 12/14/29 1,100,000.0000 102.86950 1,131,564.50 1,108,529.81 1,110,120.00 a
23,034.69 4.29% 49,500.00 2,337.50 1%
3134HAW33 FHLMC
Moodys: Aa1 S&P: AA+
CALLABLE 06/18/26 AT 100.00000

4.75% 12/18/29 925,000.0000 100.48070 929,446.48 928,269.13 928,700.00 a
1,177.35 4.65% 43,937.50 1,586.63 1%
037833EB2 APPLE INC.

Moodys: Aaa S&P: AA+
CALLABLE 01/08/26 AT 100.00000

0.7% 02/08/26 600,000.0000 99.66390 597,983.40 534,072.00 534,072.00 a
63,911.40 4.43% 4,200.00 1,668.33 <1%
166764BL3 CHEVRON
Moodys: Aa2 S&P: AA-
CALLABLE 02/16/26 AT 100.00000

2.954% 05/16/26 300,000.0000 99.69310 299,079.30 286,149.00 286,149.00 a
12,930.30 4.49% 8,862.00 1,107.75 <1%
24422EVB2 JOHN DEERE CAPIT
Moodys: A1 S&P: A

2.25% 09/14/26 500,000.0000 98.82120 494,106.00 464,465.00 464,465.00 a
29,641.00 4.41% 11,250.00 3,343.75 <1%
025816DT3 AMERICAN EXPRESS
VAR
Moodys: A2 S&P: A-
CALLABLE 04/23/26 AT 100.00000
04/23/27 250,000.0000 100.46610 251,165.25 251,849.15
252,057.50
(683.90) 5.13% 14,112.50 2,665.69 <1%
7 of 16
Statement Period
December 1-31, 2025

Moodys: A1 S&P: AA
CALLABLE 04/03/27 AT 100.00000

1.2% 06/03/27 550,000.0000 96.60010 531,300.55 484,352.00 484,352.00 a
46,948.55 4.62% 6,600.00 513.33 <1%
06051GJS9 BANK OF AMERICA C
VAR
Moodys: A1 S&P: A-
CALLABLE 07/22/26 AT 100.00000
07/22/27 500,000.0000 98.68660 493,433.00 488,080.00
488,080.00
5,353.00 3.02% 8,670.00 3,829.25 <1%
931142EX7 WALMART INC.

Moodys: Aa2 S&P: AA
CALLABLE 08/09/27 AT 100.00000

3.95% 09/09/27 500,000.0000 100.59680 502,984.00 496,125.00 496,125.00 a
6,859.00 4.25% 19,750.00 6,144.44 <1%
437076BT8 THE HOME DEPOT, I
Moodys: A2 S&P: A
CALLABLE 06/14/27 AT 100.00000

2.8% 09/14/27 130,000.0000 98.43420 127,964.46 122,769.40 122,769.40 a
5,195.06 4.10% 3,640.00 1,081.89 <1%
06051GLV9 BANK OF AMERICA C
VAR
Moodys: A1 S&P: A-
CALLABLE 09/15/26 AT 100.00000
09/15/27 250,000.0000 101.17690 252,942.25 253,928.11
254,080.00
(985.86) 5.10% 14,832.50 4,367.35 <1%
713448DY1 PEPSICO, INC.

Moodys: A1 S&P: A+
CALLABLE 07/15/27 AT 100.00000

3.0% 10/15/27 500,000.0000 99.01420 495,071.00 477,445.00 477,445.00 a
17,626.00 4.04% 15,000.00 3,166.67 <1%
172967LD1 CITIGROUP INC. VAR
Moodys: A3 S&P: BBB+
CALLABLE 01/10/27 AT 100.00000
01/10/28 250,000.0000 99.79270 249,481.75 248,192.50
248,192.50
1,289.25 4.20% 9,717.50 4,615.81 <1%
02665WED9 AMERICAN HONDA FI
Moodys: A3 S&P: A-

4.7% 01/12/28 700,000.0000 101.31180 709,182.60 702,552.02 704,634.00 a
6,630.58 4.54% 32,900.00 15,444.72 <1%
69353RFJ2 PNC BANK, NTNL A
Moodys: A2 S&P: A
CALLABLE 12/22/27 AT 100.00000

3.25% 01/22/28 600,000.0000 98.84410 593,064.60 561,786.00 561,786.00 a
31,278.60 5.03% 19,500.00 8,612.50 <1%
95000U3R2 WELLS FARGO & CO
VAR
Moodys: A1 S&P: BBB+
CALLABLE 01/24/27 AT 100.00000
01/24/28 1,000,000.0000 100.78910 1,007,891.00 1,009,637.50 1,009,637.50
(1,746.50) N/A y 49,000.00 21,369.44 1%
91324PEP3 UNITEDHEALTH GRO
Moodys: A2 S&P: A+
CALLABLE 01/15/28 AT 100.00000

5.25% 02/15/28 500,000.0000 102.70140 513,507.00 513,378.24 513,405.00
128.76 4.11% 26,250.00 9,916.67 <1%
8 of 16
Statement Period
December 1-31, 2025

4.6% 03/01/28 540,000.0000 101.54620 548,349.48 537,904.80 537,904.80 a
10,444.68 4.69% 24,840.00 8,280.00 <1%
92343VGH1 VERIZON COMMUNICA
Moodys: Baa1 S&P: BBB+
CALLABLE 01/22/28 AT 100.00000

2.1% 03/22/28 500,000.0000 95.97510 479,875.50 475,380.00 475,380.00
4,495.50 4.11% 10,500.00 2,887.50 <1%
06051GKW8 BANK OF AMERICA C
VAR
Moodys: A1 S&P: A-
CALLABLE 07/22/27 AT 100.00000
07/22/28 500,000.0000 101.32220 506,611.00 493,205.00
493,205.00 a
13,406.00 5.28% 24,740.00 10,926.83 <1%
17325FBB3 CITIBANK N A ME
Moodys: Aa3 S&P: A+
CALLABLE 08/29/28 AT 100.00000

5.803% 09/29/28 600,000.0000 104.88580 629,314.80 614,811.32 622,188.00 a
14,503.48 4.91% 34,818.00 8,897.93 <1%
61744YAP3 MORGAN STANLEY
VAR
Moodys: A1 S&P: A-
CALLABLE 01/24/28 AT 100.00000
01/24/29 250,000.0000 99.15680 247,892.00 246,872.50
246,872.50
1,019.50 4.16% 9,430.00 4,112.53 <1%
532457CK2 ELI LILLY AND CO
Moodys: Aa3 S&P: A+
CALLABLE 01/09/29 AT 100.00000

4.5% 02/09/29 500,000.0000 101.55510 507,775.50 496,385.00 496,385.00 a
11,390.50 4.67% 22,500.00 8,875.00 <1%
17275RBR2 CISCO SYSTEMS, I
Moodys: A1 S&P: AA-
CALLABLE 01/26/29 AT 100.00000

4.85% 02/26/29 500,000.0000 102.55450 512,772.50 499,545.00 499,545.00 a
13,227.50 4.87% 24,250.00 8,420.14 <1%
17327CAW3 CITIGROUP INC. VAR
Moodys: A3 S&P: BBB+
CALLABLE 03/04/28 AT 100.00000
03/04/29 750,000.0000 101.16400 758,730.00 758,315.51
758,382.50
414.49 N/A y 35,895.00 11,665.88 <1%
437076CW0 THE HOME DEPOT, I
Moodys: A2 S&P: A
CALLABLE 03/15/29 AT 100.00000

4.9% 04/15/29 500,000.0000 102.74610 513,730.50 501,985.19 502,680.00 a
11,745.31 4.78% 24,500.00 5,172.22 <1%
06051GLG2 BANK OF AMERICA C
VAR
Moodys: A1 S&P: A-
CALLABLE 04/25/28 AT 100.00000
04/25/29 250,000.0000 102.38560 255,964.00 255,919.27
256,205.00

44.73 4.46% 13,005.00 2,384.25 <1%
478160CU6 JOHNSON & JOHNSON
Moodys: Aaa S&P: AAA
CALLABLE 05/01/29 AT 100.00000

4.8% 06/01/29 600,000.0000 102.78560 616,713.60 619,952.22 626,286.00 a
(3,238.62) 3.78% 28,800.00 2,400.00 <1%
9 of 16
Statement Period
December 1-31, 2025

3.3% 08/23/29 500,000.0000 97.00360 485,018.00 482,065.00 482,065.00
2,953.00 4.28% 16,500.00 5,866.67 <1%
38141GA46 THE GOLDMAN SACHS
VAR
Moodys: A2 S&P: BBB+
CALLABLE 10/24/28 AT 100.00000
10/24/29 250,000.0000 105.92090 264,802.25 264,723.57
265,365.00

78.68 4.85% 16,210.00 3,016.86 <1%
00287YBX6 ABBVIE INC.

Moodys: A3 S&P: A-
CALLABLE 08/21/29 AT 100.00000

3.2% 11/21/29 750,000.0000 96.84730 726,354.75 721,955.00 721,955.00
4,399.75 N/A y 24,000.00 2,666.67 <1%
20826FBJ4 CONOCOPHILLIPS CO
Moodys: A2 S&P: A-
CALLABLE 12/15/29 AT 100.00000

4.7% 01/15/30 1,000,000.0000 101.81710 1,018,171.00 1,017,287.50 1,017,287.50
883.50 N/A y 47,000.00 21,672.22 1%
46647PEB8 JPMORGAN CHASE &
VAR
Moodys: A1 S&P: A
CALLABLE 01/23/29 AT 100.00000
01/23/30 1,250,000.0000 102.48640 1,281,080.00 1,276,872.50 1,276,872.50
4,207.50 N/A y 62,650.00 27,496.39 2%
91159HJQ4 U.S. BANCORP VAR
Moodys: A3 S&P: A
CALLABLE 01/23/29 AT 100.00000
01/23/30 1,000,000.0000 103.34530 1,033,453.00 1,031,975.00 1,031,975.00
1,478.00 N/A y 53,840.00 23,629.78 1%
95000U3J0 WELLS FARGO & CO
VAR
Moodys: A1 S&P: BBB+
CALLABLE 01/23/29 AT 100.00000
01/23/30 500,000.0000 102.80550 514,027.50 513,725.00
513,725.00
302.50 N/A y 25,990.00 11,406.72 <1%
89788MAR3 TRUIST FINL CORP VAR
Moodys: Baa1 S&P: A-
CALLABLE 01/24/29 AT 100.00000
01/24/30 1,000,000.0000 103.27980 1,032,798.00 1,034,020.00 1,034,020.00
(1,222.00) N/A y 54,350.00 23,702.64 1%
29379VBX0 ENTERPRISE PRODUC
Moodys: A3 S&P: A-
CALLABLE 10/31/29 AT 100.00000

2.8% 01/31/30 350,000.0000 95.00880 332,530.80 328,611.00 328,611.00
3,919.80 4.32% 9,800.00 4,110.56 <1%
06051GHQ5 BANK OF AMERICA C
VAR
Moodys: A1 S&P: A-
CALLABLE 02/07/29 AT 100.00000
02/07/30 250,000.0000 99.46360 248,659.00 246,885.00
246,885.00
1,774.00 4.28% 9,935.00 3,974.00 <1%
14040HCN3 CAPITAL ONE FINL VAR
Moodys: Baa1 S&P: BBB
CALLABLE 03/01/29 AT 100.00000
03/01/30 500,000.0000 96.99100 484,955.00 479,790.00
479,790.00
5,165.00 4.26% 16,365.00 5,455.00 <1%
10 of 16
Statement Period
December 1-31, 2025

3.4% 04/01/30 750,000.0000 96.89650 726,723.75 723,957.50 723,957.50
2,766.25 N/A y 25,500.00 6,375.00 <1%
61747YFQ3 MORGAN STANLEY
VAR
Moodys: A1 S&P: A-
CALLABLE 04/18/29 AT 100.00000
04/18/30 500,000.0000 103.92610 519,630.50 520,503.42
521,192.50
(872.92) N/A y 28,280.00 5,734.56 <1%
025816DU0 AMERICAN EXPRESS
VAR
Moodys: A2 S&P: A-
CALLABLE 04/25/29 AT 100.00000
04/25/30 250,000.0000 104.16010 260,400.25 259,823.79
260,202.50
576.46 4.56% 13,830.00 2,535.50 <1%
38141GA87 THE GOLDMAN SACHS
VAR
Moodys: A2 S&P: BBB+
CALLABLE 04/25/29 AT 100.00000
04/25/30 750,000.0000 104.16360 781,227.00 782,241.97
783,372.50
(1,014.97) N/A y 42,952.50 7,874.63 <1%
693475BX2 THE PNC FINL SERV VAR
Moodys: A3 S&P: A-
CALLABLE 05/14/29 AT 100.00000
05/14/30 500,000.0000 103.91390 519,569.50 519,024.83
519,945.00
544.67 4.55% 27,460.00 3,585.06 <1%
65339KBR0 NEXTERA ENERGY C
Moodys: Baa1 S&P: BBB+
CALLABLE 03/01/30 AT 100.00000

2.25% 06/01/30 500,000.0000 91.91230 459,561.50 453,035.00 453,035.00
6,526.50 4.44% 11,250.00 937.50 <1%
38141GB29 THE GOLDMAN SACHS
VAR
Moodys: A2 S&P: BBB+
CALLABLE 07/23/29 AT 100.00000
07/23/30 750,000.0000 102.48390 768,629.25 766,735.00
766,735.00
1,894.25 N/A y 37,867.50 16,619.63 <1%
80168AJJ7 SANTA CLARA VY C
Moodys: Aa1 S&P: NR

3.79% 06/01/27 1,000,000.0000 100.11100 1,001,110.00 1,000,010.00 1,000,010.00
1,100.00 0.00% 37,900.00 3,158.33 1%
797272RS2 SAN DIEGO CALIF
Moodys: Aa1 S&P: AAA

2.013% 08/01/30 1,000,000.0000 92.43300 924,330.00 923,990.00 923,990.00
340.00 3.82% 20,130.00 8,387.50 1%
13063DYT9 CALIFORNIA ST
Moodys: Aa2 S&P: AA-

1.75% 11/01/30 1,000,000.0000 90.82000 908,200.00 907,810.00 907,810.00
390.00 3.84% 17,500.00 2,916.67 1%
3142JCAB6 FHLMC RR0001
FACTOR= .895257480
REMAIN PRIN=$1,342,886.22

4.5% 06/01/40 1,500,000.0000 100.07878 1,343,944.15 N/A 1,348,351.02
N/A N/A N/A N/A 2%
3142JCAC4 FHLMC RR0002
FACTOR= .854716230
REMAIN PRIN=$2,564,148.69

5.0% 06/01/40 3,000,000.0000 101.27124 2,596,745.17 N/A 2,582,095.59
N/A N/A N/A N/A 3%
11 of 16
Statement Period
December 1-31, 2025

5.0% 08/01/40 1,500,000.0000 101.33831 1,356,031.37 N/A 1,357,106.58
N/A N/A N/A N/A 2%
3142JCAU4 FHLMC RR0018
FACTOR= .891463800
REMAIN PRIN=$2,228,659.50

5.5% 08/01/40 2,500,000.0000 102.64002 2,287,496.56 N/A 2,280,032.49
N/A N/A N/A N/A 3%
3142JCA42 FHLMC RR0026
Moodys: NR S&P: NR
FACTOR= .910000220
REMAIN PRIN=$2,275,000.55

5.5% 09/01/40 2,500,000.0000 102.61665 2,334,529.35 N/A 2,325,930.99
N/A N/A N/A N/A 3%
3142JCBF6 FHLMC RR0037
FACTOR= .979817230
REMAIN PRIN=$1,469,725.85

4.5% 11/01/40 1,500,000.0000 100.04756 1,470,424.85 N/A 1,470,597.02
N/A N/A N/A N/A 2%
Total Fixed Income 83,240,000.0000 $82,205,268.92 $972,541.17 $2,587,802.75 $721,302.15 99% Total Adj Cost Basis $69,843,556.30
Total Orig Cost Basis $81,244,854.33
Accrued Interest represents the interest that would be received if the fixed income investment was sold prior to the coupon payment.

Yield to Maturity is the annualized rate of return earned if held until maturity date.

Estimated Annual Income ("EAI") and Estimated Yield ("EY") calculations are for informational purposes only and are derived from information provided by outside parties. Schwab cannot guarantee the accuracy of such information. Since the interest and dividends are subject to change at any time, they should not be relied upon exclusively for making investment decisions. The actual income and yield might be lower or higher than the estimated amounts. EY is based upon EAI and the current price of the security and will fluctuate. For certain types of securities, the calculations could include a return of principal or capital gains in which case EAI and EY would be overstated. EY and EAI are not promptly updated to reflect when an issuer has missed a regular payment or announced changes to future payments, in which case EAI and EY will continue to display at a prior rate.

Total Adj Cost Basis and Total Orig Cost Basis are the sums of the individual positions held, which may be incomplete or unavailable.

Transactions - Summary
Beginning Cash* as of 12/01 + Deposits + Withdrawals + Purchases + Sales/Redemptions + Dividends/Interest + Expenses = Ending Cash* as of 12/31 $3,437,906.01 $0.00 ($5,000,000.00) ($6,542,778.60) $8,760,172.55 $276,588.41 ($833.33) $931,055.04 Other Activity $0.00 Other activity includes transactions which don't affect the cash balance such as stock transfers, splits, etc. *Cash (includes any cash debit balance) held in your account plus the value of any cash invested in a sweep money fund. 12 of 16
Statement Period
December 1-31, 2025

CITY OF SAN PABLO
MGR: BLACKROCK INVESTMENT
Schwab One® Account of
Transaction Details
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
12/01 Interest Bond Interest 478160CU6 JOHNSON & JOHNSON 4.8%29 14,400.00 Interest Bond Interest 65339KBR0 NEXTERA ENERGY C 2.25%30 5,625.00 Interest Bond Interest 80168AJJ7 SANTA CLARA VY C 3.79%27 8,527.50 Interest Bond Interest 91282CET4 US TREASU NT 2.625%05/27 9,187.50 Interest Bond Interest 91282CNE7 US TREASU NT 3.875%05/27 14,531.25 Interest Bond Interest 91282CDL2 US TREASUR NT 1.5%11/28 4,875.00 12/03 Interest Bond Interest 023135BR6 AMAZON.COM, INC. 1.2%27 3,300.00 12/05 Purchase Bought Prime 912797RV1 US TREASURY BILL26 U S T BILL DUE 03/05/26
750,000.0000 99.0956 10.00 (743,227.00)
Executed by Nomura Securities Intl, Fixed Income as Principal; Schwab Prime Broker Fee $10.00 12/09 Redemption Full Redemption 912797RW9 US TREASURY BILXXX **MATURED**
7,500,000.00
Treasury Bill interest $45,552.50
Other
Activity
Redemption 912797RW9 US TREASURY BILXXX
**MATURED**
(7,500,000.0000)
Interest Bond Interest 3130AEB25 FHLB 3.25%28 12,187.50 12/10 Interest Bond Interest 3130ATUS4 FHLB 4.25%27 17,000.00 12/11 Redemption Full Redemption 3134A2HG6 FHLMC 0XXX **MATURED** 1,000,000.00 Other
Activity
Redemption 3134A2HG6 FHLMC 0XXX **MATURED** (1,000,000.0000) 12/12 Purchase Bought Prime 13063DYT9 CALIFORNIA ST 1.75%30 GO UTX DUE 11/01/30
1,000,000.0000 90.7800 2,003.06 (909,803.06)
Executed by Stifel, Nicolaus & Co., Inc as Principal; Accrued interest $1,993.06; Schwab Prime Broker Fee $10.00 Purchase Bought Prime 797272RS2 SAN DIEGO CALIF 2.013%30 COLL EDUC DUE 08/01/30
1,000,000.0000 92.3980 7,335.09 (931,315.09)
Executed by Stifel, Nicolaus & Co., Inc as Principal; Accrued interest $7,325.09; Schwab Prime Broker Fee $10.00 Withdrawal Journaled Funds JOURNAL TO 40237460 (5,000,000.00) Interest Bond Interest 3130AWGR5 FHLB 4.375%26 10,937.50 13 of 16
Statement Period
December 1-31, 2025

CITY OF SAN PABLO
MGR: BLACKROCK INVESTMENT
Schwab One® Account of
Transaction Details (continued)
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
12/15 Interest Bond Interest 3130ATUT2 FHLB 4.5%29 24,750.00 Interest Bond Interest 91282CNH0 US TREASU NT 3.875%06/28 24,218.75 12/16 Interest Bank Interest X,Z BANK INT 111625-121525 154.16 Interest Bank Interest X,Z BANK INT 111625-121525 8.85
12/18 Interest Bond Interest 3134HAW33 FHLMC 4.75%29 21,968.75 12/19 Purchase Bought Prime 912797RK5 US TREASURY BILL26 U S T BILL DUE 01/29/26
750,000.0000 99.5948 10.00 (746,971.00)
Executed by BMO Capital Markets Corp as Principal; Schwab Prime Broker Fee $10.00 Purchase Bought Prime 912797RV1 US TREASURY BILL26 U S T BILL DUE 03/05/26
1,750,000.0000 99.2570 10.00 (1,737,007.40)
Executed by Wells Fargo Securites LLC as Principal; Schwab Prime Broker Fee $10.00 12/22 Purchase Bought Prime 3142JCBF6 FHLMC RR0037 4.5%40 DUE 11/01/40
1,500,000.0000 100.0586 3,868.03 (1,474,455.05)
Executed by J.P. Morgan Securities LLC as Principal; Accrued interest $3,858.03; Schwab Prime Broker Fee $10.00 Expense Advisor Fee * MGMTFEE TO ADVISOR (833.33)
12/26 Redemption Principal Payment 3142JCAB6 FHLMC RR0001 4.5%40 DUE 06/01/40
38,745.51
Redemption Principal Payment 3142JCAC4 FHLMC RR0002 5%40 DUE 06/01/40
103,410.99
Redemption Principal Payment 3142JCAT7 FHLMC RR0017 5%40 DUE 08/01/40
29,964.47
Redemption Principal Payment 3142JCAU4 FHLMC RR0018 5.5%40 DUE 08/01/40
45,487.00
Redemption Principal Payment 3142JCA42 FHLMC RR0026 5.5%40 DUE 09/01/40
42,564.58
Interest Bond Interest 3142JCAB6 FHLMC RR0001 4.5%40 5,181.12 Interest Bond Interest 3142JCAC4 FHLMC RR0002 5%40 11,114.83 Interest Bond Interest 3142JCAT7 FHLMC RR0017 5%40 5,700.36 Interest Bond Interest 3142JCAU4 FHLMC RR0018 5.5%40 10,423.17 Interest Bond Interest 3142JCA42 FHLMC RR0026 5.5%40 10,622.17 14 of 16
Statement Period
December 1-31, 2025

Bank Sweep Activity
Date Description Amount Date Description Amount
12/01 Beginning Balance X,Z $3,437,906.01 12/15 BANK CREDIT FROM BROKERAGE X 10,937.50 12/01 BANK CREDIT FROM BROKERAGE X 47,958.75 12/16 BANK SWEEP XFER FROM SCHWAB PREMIER BANK (8.85) 12/02 BANK CREDIT FROM BROKERAGE X 9,187.50 12/16 BANK SWEEP XFER TO CHARLES SCHWAB BANK X 8.85 12/03 BANK CREDIT FROM BROKERAGE X 3,300.00 12/16 BANK CREDIT FROM BROKERAGE X 48,968.75 12/05 BANK TRANSFER TO BROKERAGE (743,227.00) 12/18 BANK CREDIT FROM BROKERAGE X 21,968.75 12/09 BANK CREDIT FROM BROKERAGE X 7,512,187.50 12/19 BANK TRANSFER TO BROKERAGE (2,483,978.40) 12/10 BANK CREDIT FROM BROKERAGE X 17,000.00 12/22 BANK TRANSFER TO BROKERAGE (1,474,455.05) 12/11 BANK CREDIT FROM BROKERAGE X 1,000,000.00 12/23 BANK TRANSFER TO BROKERAGE (833.33) 12/12 BANK TRANSFER TO BROKERAGE (6,841,118.15) 12/29 BANK CREDIT FROM BROKERAGE X 303,214.20 12/15 BANK INTEREST - CHARLES SCHWAB BANK X,Z 154.16 12/31 Ending Balance X,Z $869,180.04 12/15 BANK INTEREST - SCHWAB PREMIER BANK X,Z 8.85 12/31 Interest Rate * Z 0.01% * Your interest period was 11/16/25 - 12/15/25. Z
Endnotes For Your Account
* You authorize Schwab to debit your account to pay investment management fees per the authorization you granted in your Account Application. Schwab does not review or monitor these fee payments. Contact your Investment Manager if you have questions. y Yield to Maturity cannot be calculated because there are multiple lots for this position.

X Bank Sweep deposits are held at one or more FDIC-insured Program Banks. Charles Schwab & Co., Inc. is not an FDIC-insured bank and deposit insurance covers the failure of an insured 15 of 16
Statement Period
December 1-31, 2025

CITY OF SAN PABLO
MGR: BLACKROCK INVESTMENT
Schwab One® Account of
Endnotes For Your Account (continued)
a Data for this holding has been edited or provided by the advisor. b When available, Adjusted Cost Basis values are used in Gain or (Loss) calculations. d Pending dividends and accrued interest reflects the sum of the total pending dividends and/or accrued interest on positions held in your account, but the dividends and/or interest have not been received into your account. Schwab makes no representation the amounts shown will be received. These amounts are not covered by SIPC account protection until received and held in the account.
bank. Certain conditions must be satisfied for FDIC insurance coverage to apply. Please review the Cash Features Program Disclosure Statement for a list of the Program Banks at schwab.com/cashfeaturesdisclosure.

Z For the Bank Sweep and Bank Sweep for Benefit Plans features, interest is paid for a period that differs from the Statement Period. Balances include interest paid as indicated on your statement by Schwab or one or more of its Program Banks. These balances do not include interest that may have accrued during the Statement Period after interest is paid. The interest paid may include interest that accrued in the prior Statement Period.

Terms and Conditions
GENERAL INFORMATION AND KEY TERMS: This Account statement is furnished solely by Charles Schwab & Co., Inc. ("Schwab") for your Account at Schwab ("Account"). Unless otherwise defined herein, capitalized terms have the same meanings as in your Account Agreement. If you receive any other communication from any source other than Schwab which purports to represent your holdings at Schwab (including balances held at a Depository Institution) you should verify its content with this statement.

Accrued Income: Accrued Income is the sum of the total accrued interest and/or accrued dividends on positions held in your Account, but the interest and/or dividends have not been received into your Account.

Schwab makes no representation that the amounts shown (or any other amount) will be received. Accrued amounts are not covered by SIPC account protection until actually received and held in the Account. AIP (Automatic Investment Plan) Customers: Schwab receives remuneration in connection with certain transactions effected through Schwab. If you participate in a systematic investment program through Schwab, the additional information normally detailed on a trade confirmation will be provided upon request.

Average Daily Balance: Average daily composite of all cash balances that earn interest and all loans from Schwab that are charged interest. Bank Sweep and Bank Sweep for Benefit Plans Features: Schwab acts as your agent and custodian in establishing and maintaining your Deposit Account(s) as a feature of your brokerage Account(s). Deposit accounts held through these bank sweep features constitute direct obligations of one or more FDIC insured banks ("Program Banks") that are not obligations of Schwab.

Funds swept to Program Banks are eligible for deposit insurance from the FDIC up to the applicable limits for each bank for funds held in the same insurable capacity. The balance in the Deposit Accounts can be withdrawn on your order and the proceeds returned to your brokerage Account or remitted to you as provided in your Account Agreement. For information on FDIC insurance and its limits, as well as other important disclosures about the bank sweep feature(s) in your Account(s), please refer to the Cash Features Disclosure Statement available online or from a Schwab representative. Cash: Any Free Credit Balance owed by us to you payable upon demand which, although accounted for on our books of record, is not segregated and may be used in the conduct of this firm's business. Dividend Reinvestment Customers:

Dividend reinvestment transactions were effected by Schwab acting as a principal for its own account, except for the reinvestment of Schwab dividends, for which an independent broker-dealer acted as the buying agent. Further information on these transactions will be furnished upon written request. Gain (or Loss): Unrealized Gain or (Loss) and Realized Gain or (Loss) sections ("Gain/Loss Section(s)") contain a gain or a loss summary of your Account. This information has been provided on this statement at the request of your Advisor, if applicable. This information is not a solicitation or a recommendation to buy or sell. Schwab does not provide tax advice and encourages you to consult with your tax professional. Please view the Cost Basis Disclosure Statement for additional information on how gain (or loss) is calculated and how Schwab reports adjusted cost basis information to the IRS.

Interest: For the Schwab One Interest, Bank Sweep, and Bank Sweep for Benefit Plans features, interest is paid for a period that may differ from the Statement Period. Balances include interest paid as indicated on your statement by Schwab or one or more of its Program Banks. These balances do not include interest that may have accrued during the Statement Period after interest is paid. The interest paid may include interest that accrued in the prior Statement Period. For the Schwab One Interest feature, interest accrues daily from the second-to-last business day of the prior month and is posted on the second-to-last business day of the current month. For the Bank Sweep and Bank Sweep for Benefit Plans features, interest accrues daily from the 16th day of the prior month and is credited/posted on the first business day after the 15th of the current month. If, on any given day, the interest that Schwab calculates for the Free Credit Balances in the Schwab One Interest feature in your brokerage Account is less than $.005, you will not accrue any interest on that day. For balances held at banks affiliated with Schwab in the Bank Sweep and Bank Sweep for Benefit Plans features, interest will accrue even if the amount is less than $.005. Margin Account Customers:

This is a combined statement of your margin account and special memorandum account maintained for you under Section 220.5 of Regulation T issued by the Board of Governors of the Federal Reserve System. The permanent record of the separate account as required by Regulation T is available for your inspection.

Securities purchased on margin are Schwab's collateral for the loan to you. It is important that you fully understand the risks involved in trading securities on margin. These risks include: 1) You can lose more funds than you deposit in the margin account; 2) Schwab can force the sale of securities or other assets in any of your account(s) to maintain the required account equity without contacting you; 3) You are not entitled to choose which assets are liquidated nor are you entitled to an extension of time on a margin call; 4) Schwab can increase its "house" maintenance margin requirements at any time without advance written notice to you. Market Price: The most recent price evaluation available to Schwab on the last business day of the report period, normally the last trade price or bid as of market close. Unpriced securities denote that no market evaluation update is currently available. Price evaluations are obtained from outside parties.

Schwab shall have no responsibility for the accuracy or timeliness of any such valuations. Assets Not Held at Schwab are not held in your Account or covered by the Account's SIPC account protection and are not otherwise in Schwab's custody and are being provided as a courtesy to you. Information on Assets Not Held at Schwab, including but not limited to valuations, is reported solely based on information you provide to Schwab. Schwab can neither validate nor certify the existence of Assets Not Held at Schwab or the accuracy, completeness or timeliness of the information about Assets Not Held at Schwab, whether provided by you or otherwise. Descriptions of Assets Not Held at Schwab may be abbreviated or truncated.

Some securities, especially thinly traded equities in the OTC market or foreign markets, may not report the most current price and are indicated as Stale Priced. Certain Limited Partnerships (direct participation programs) and unlisted Real Estate Investment Trust (REIT) securities, for which you may see a value on your monthly Account statement that reflects the issuer's appraised estimated value, are not listed on a national securities exchange, and are generally illiquid. Even if you are able to sell such securities, the price received may be less than the per share appraised estimated value provided in the account statement.

Market Value: The Market Value is computed by multiplying the Market Price by the Quantity of Shares. 16 of 16
Statement Period
December 1-31, 2025

CITY OF SAN PABLO
MGR: BLACKROCK INVESTMENT
Schwab One® Account of
Terms and Conditions (continued)
This is the dollar value of your present holdings in your specified Schwab Account or a summary of the Market Value summed over multiple accounts. Non-Publicly Traded Securities: All assets shown on this statement, other than certain direct investments which may be held by a third party, are held in your Account.

Values of certain Non-Publicly Traded Securities may be furnished by a third party as provided by Schwab's Account Agreement. Schwab shall have no responsibility for the accuracy or timeliness of such valuations.

The Securities Investor Protection Corporation (SIPC) does not cover many limited partnership interests.

Schwab Sweep Money Funds: Includes the primary money market funds into which Free Credit Balances may be automatically invested pursuant to your Account Agreement. Schwab or an affiliate acts and receives compensation as the Investment Advisor, Shareholder Service Agent and Distributor for the Schwab Sweep Money Funds. The amount of such compensation is disclosed in the prospectus. The yield information for Schwab Sweep Money Funds is the current 7-day yield as of the statement period. Yields vary. If on any given day, the accrued daily dividend for your selected sweep money fund as calculated for your account is less than ½ of 1 cent ($0.005), your account will not earn a dividend for that day. In addition, if you do not accrue at least 1 daily dividend of $0.01 during a pay period, you will not receive a money market dividend for that period. Schwab and the Schwab Sweep Money Funds investment advisor may be voluntarily reducing a portion of a Schwab Sweep Money Fund's expenses. Without these reductions, yields would have been lower. Securities Products and Services: Securities products and services are offered by Charles Schwab & Co., Inc., Member SIPC. Securities products and services, including unswept intraday funds and net credit balances held in brokerage accounts are not deposits or other obligations of, or guaranteed by, any bank, are not FDIC insured, and are subject to investment risk and may lose value. SIPC does not cover balances held at Program Banks in the Bank Sweep and Bank Sweep for Benefit Plans features. Please see your Cash Feature Disclosure Statement for more information on insurance coverage. Yield to Maturity: This is the actual average annual return on a note if held to maturity.

IN CASE OF ERRORS OR DISCREPANCIES: If you find an error or discrepancy relating to your brokerage activity (other than an electronic fund transfer) you must notify us promptly, but no later than 10 days after this statement is sent or made available to you. If this statement shows that we have mailed or delivered security certificate(s) that you have not received, notify Schwab immediately. You may call us at 800-435-4000. (Outside the U.S., call +1-415-667-8400.) If you're a client of an independent investment advisor, call us at 800-515-2157. Any oral communications should be re-confirmed in writing to further protect your rights, including rights under the Securities Investor Protection Act (SIPA). If you do not so notify us, you agree that the statement activity and Account balance are correct for all purposes with respect to those brokerage transactions. IN CASE OF COMPLAINTS: If you have a complaint regarding your Schwab statement, products or services, please write to Client Service & Support at Charles Schwab & Co., Inc., P.O. Box 982603 El Paso, TX 79998-2603, or call customer service at 800-435-4000. (Outside the U.S., call +1-415-667-8400.) If you're a client of an independent investment advisor, call us at 800-515-2157.

Address Changes: If you fail to notify Schwab in writing of any change of address or phone number, you may not receive important notifications about your Account, and trading or other restrictions might be placed on your Account. Additional Information: We are required by law to report to the Internal Revenue Service adjusted cost basis information (if applicable), certain payments to you and credits to your Account during the calendar year. Retain this statement for income tax purposes. A financial statement for your inspection is available at Schwab's offices or a copy will be mailed to you upon written request. Any third-party trademarks appearing herein are the property of their respective owners. Charles Schwab & Co., Inc., Charles Schwab Bank, Charles Schwab Premier Bank, and Charles Schwab Trust Bank are separate but affiliated companies and subsidiaries of the Charles Schwab Corporation. © 2026 Charles Schwab & Co., Inc. ("Schwab"). All rights reserved. Member SIPC. (O1CUSTNC) (0822-20UL) Schwab Institutional is a division of Charles Schwab & Co., Inc., and provides back office brokerage and related services to independent investment advisors and retirement plan providers. Schwab is a registered broker-dealer and is not affiliated with your Investment Advisor whose name appears on this statement ("Advisors") except in the case of Charles Schwab Investment Advisory, Inc. ("CSIA"), Schwab Wealth Investment Advisory, Inc. ("SWIA"), or an affiliated company that may act as the investment advisor on a fund. Schwab neither endorses nor recommends any particular Advisor or its investment strategy and has no responsibility to monitor trading by any Advisor in your Account. Schwab has not verified any statement accompanying any Advisor's logo appearing on this statement. Not all of these products and services may benefit your Account, and Schwab may provide them to Advisors on the Advisor's commitment to place a certain amount of its clients' assets in brokerage accounts at Schwab within a certain period of time. This commitment could influence an Advisor's recommendation or requirement that its clients establish brokerage accounts at Schwab. For questions about this statement, or if there is a change in your financial situation, investment objectives, or risk profile, please contact your Independent Investment Manager and/or Advisor.

San Pablo City CouncilFebruary 17, 2026

San Pablo City Council
February 17, 2026