San Rafael City Council
July 17, 2023

AGENDA
SAN RAFAEL CITY COUNCIL - MONDAY, JULY 17, 2023
REGULAR MEETING AT 7:00 P.M.

In-Person:

San Rafael City Council Chambers
1400 Fifth Avenue, San Rafael, CA 94901
Participate Virtually:

Watch on Zoom Webinar: https://tinyurl.com/cc-2023-07-17 Watch on YouTube: www.youtube.com/cityofsanrafael
Listen by phone: (669) 444-9171
ID: 860 6190 5675#
One Tap Mobile: +16694449171,,86061905675# US
This meeting will be held in-person. The public may attend in-person or participate virtually using Zoom.

This meeting is being streamed to YouTube at www.youtube.com/cityofsanrafael.

How to participate in the meeting virtually:
• Submit public comment in writing before 4:00 p.m. the day of the meeting to [email protected].
• Join the Zoom webinar and use the 'raise hand' feature to provide verbal public comment. • Dial-in to Zoom's telephone number using the meeting ID and press *9 to raise your hand, and *6 to unmute yourself, then provide verbal public comment.

If you experience technical difficulties during the meeting, please contact [email protected].

OPEN SESSION

1. None.

CLOSED SESSION

2. None.

OPEN TIME FOR PUBLIC EXPRESSION
The public is welcome to address the City Council at this time on matters not on the agenda that are within its jurisdiction. Please be advised that pursuant to Government Code Section 54954.2, the City Council is not permitted to discuss or take action on any matter not on the agenda unless it determines that an emergency exists, or that there is a need to take immediate action which arose following posting of the agenda. Comments may be no longer than two minutes and should be respectful to the community.

CITY MANAGER AND COUNCILMEMBER REPORTS:
(including AB 1234 Reports on Meetings and Conferences Attended at City Expense)

3. City Manager and Councilmember Reports:

CONSENT CALENDAR:

The opportunity for public comment on consent calendar items will occur prior to the City Council’s vote on the Consent Calendar. The City Council may approve the entire consent calendar with one action. In the alternative, items on the Consent Calendar may be removed by any City Council or staff member, for separate discussion and vote.
2 4. Consent Calendar Items:
a. Approval of Minutes
Approve Minutes of the Special City Council Meeting of July 10, 2023 (CC) Recommended Action - Approve minutes as submitted
b. Police Department Copy/Print Hardware Lease and Services Authorize the City Manager to Negotiate and Enter into an Agreement with UBEO West LLC for Copy/Print Hardware Lease and Services for a 60 Month Term in the Amount of $267,991 (PD)
Recommended Action - Authorize the City Manager to negotiate and enter into an agreement with UBEO West LLC for copy/print hardware lease and services, in the amount of $267,991 c. City Quarterly Investment Report
Acceptance of City of San Rafael Quarterly Investment Report for the Quarter Ending June 30, 2023 (Fin)
Recommended Action – Accept report
d. Special Tax on Properties at Loch Lomond 10 - Mello-Roos District No. 1992-1 Resolution Setting the Special Tax for Community Facilities District No. 1992-1 (Loch Lomond #10) for Fiscal Year 2023-24 (PW)
Recommended Action – Adopt Resolution
e. The Village at Loch Lomond Marina – Mello-Roos District No. 2 Resolution Setting the Special Tax for City of San Rafael Community Facilities District No. 2 (The Village at Loch Lomond Marina) for Fiscal Year 2023-24 (PW) Recommended Action – Adopt Resolution
f. Accepting Grant Funds to Support Sea Level Rise Planning Resolution Accepting Grant Funds from the Governor’s Office of Planning and Research for the San Rafael Climate Adaptation Planning Collaborative, Appropriating Funds in the Amount of $644,201 for the Project, And Authorizing the City Manager to Negotiate and Enter into Professional Service Agreements for the Project (CM) Recommended Action – Adopt Resolution
PUBLIC HEARINGS:

5. Public Hearings:
a. Baypoint Lagoons Assessment District
Resolution Confirming the Engineer’s Annual Report for the Baypoint Lagoons Assessment District and the Assessment Diagram Connected Therewith and Ordering the Levy and Collection of Assessments for FY 2023-24 (PW)
Recommended Action – Adopt Resolution
b. Point San Pedro Road Median Landscaping Assessment District Resolution Confirming the Engineer’s Annual Levy Report for the Point San Pedro Road Median Landscaping Assessment District and the Assessment Diagram Connected Therewith and Ordering the Levy and Collection of Assessments for FY 2023-24 (PW) Recommended Action – Adopt Resolution
3 c. San Rafael Police Department AB 481 Military Equipment Annual Report and Renewal of Military Equipment Use Policy
Resolution Renewing the Ordinance Approving San Rafael Police Department Military Equipment Use Policy 706 (PD)
Recommended Action – Adopt Resolution
OTHER AGENDA ITEMS:

6. Other Agenda Items:
a. Ordinance Regulating Camping on Public Property
Adoption of Ordinance 2030: An Ordinance Adding Chapter 19.50 to the San Rafael Municipal Code, Entitled “Camping on Public Property” to Regulate Camping on Public Property Within the City of San Rafael (CC)
Recommended Action – Final Adoption of Ordinance 2030
b. Temporary Street Closure – West End Block Party 2023 Resolution Authorizing the Temporary Closure of Streets in San Rafael for the West End Block Party 2023 (ED)
Recommended Action – Adopt Resolution
c. 2023 Affordable Housing Notice of Funding Availability Funding Recommendation Resolution Authorizing the Expenditure of $1,450,000 in Funds in Fulfilment of the Affordable Housing Trust Fund 2023 Notice of Funding Availability (CD) Recommended Action – Adopt Resolution
SAN RAFAEL SUCCESSOR AGENCY:

1. Consent Calendar:
a. Successor Agency Quarterly Investment Report
Acceptance of Successor Agency Quarterly Investment Report for the Quarter Ending June 30, 2023 (Fin)
Recommended Action – Accept report
ADJOURNMENT:

Any records relating to an agenda item, received by a majority or more of the Council less than 72 hours before the meeting, shall be available for inspection online and at City Hall, 1400 Fifth Avenue, and placed with other agenda-related materials on the table in front of the Council Chamber prior to the meeting. Sign Language interpreters may be requested by calling (415) 485-3066 (voice), emailing [email protected] or using the California Telecommunications Relay Service by dialing “711”, at least 72 hours in advance of the meeting. Copies of documents are available in accessible formats upon request. To request Spanish language interpretation, please submit an online form at https://www.cityofsanrafael.org/request-for-interpretation/.

Minutes subject to approval at the July 17, 2023 meeting

MINUTES
SAN RAFAEL CITY COUNCIL - MONDAY, JULY 10, 2023
SPECIAL MEETING AT 7:00 P.M.

In-Person:

San Rafael City Council Chambers
1400 Fifth Avenue, San Rafael, CA 94901
Participate Virtually:

Watch on Zoom Webinar: https://tinyurl.com/ccsp-2023-7-10 Listen by phone: (669) 444-9171
ID: 844-3204-9611#
One Tap Mobile: +16694449171,,84432049611# US
This meeting will be held in-person. The public may attend in-person or participate virtually using Zoom.

This meeting is being streamed to YouTube at www.youtube.com/cityofsanrafael.

How to participate in the meeting virtually:
• Submit public comment in writing before 4:00 p.m. the day of the meeting to [email protected].
• Join the Zoom webinar and use the 'raise hand' feature to provide verbal public comment. • Dial-in to Zoom's telephone number using the meeting ID and press *9 to raise your hand, and *6 to unmute yourself, then provide verbal public comment.

If you experience technical difficulties during the meeting, please contact [email protected].

OPEN SESSION – THIRD FLOOR CONFERENCE ROOM – 5:15 PM
Dial-in: (669) 900-9128, Meeting ID# 896-0024-8821#

1. Mayor Kate announced Closed Session items.

CLOSED SESSION – THIRD FLOOR CONFERENCE ROOM – 5:15 PM

2. Closed Session:
a. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Government Code section 54956.9(d)(1): 5 cases

1. Kristen Miller v. City of San Rafael, et al. (Marin Superior Court, Case No. CIV 2201502)

2. Christina Szele v. City of San Rafael, et al. (Marin Superior Court, Case No. CIV 2103023)

3. California Newspapers Partnership v. City of San Rafael (Marin Superior Court, Case No. CV0000041)

4. Theo Emison v. City of San Rafael (Marin Superior Court, Case No. CV0000039)

5. Tyler Larson v. City of San Rafael (Marin Superior Court, Case No. CV0000135) 2 Present: Councilmember Bushey
Councilmember Hill
Councilmember Kertz
Mayor Kate

Absent: Vice Mayor Llorens Gulati
Also Present: City Manager Cristine Alilovich
City Attorney Robert Epstein
City Clerk Lindsay Lara
Mayor Kate called the special meeting to order at 7:00 p.m. and invited City Clerk Lindsay Lara to call the roll. All members of the City Council were present, except Vice Mayor Llorens Gulati.

City Attorney Rob Epstein announced there was no reportable action in Closed Session.

Mayor Kate invited the City Clerk to address how the community could provide public comment.

City Clerk Lindsay Lara informed the community that the in-person meeting would also be recorded and streamed live to YouTube and through Zoom, and members of the public would provide public comment either on the telephone or through Zoom. She explained the process for community participation on the telephone, through Zoom and in-person.

CONSENT CALENDAR:

Mayor Kate invited public comment; however, there was none.

Councilmember Bushey moved and Councilmember Hill seconded to approve the Consent Calendar.

3. Consent Calendar Items:
a. Approval of Minutes
Approve Minutes of the Regular City Council Meeting of June 20, 2023 (CC) Approved minutes as submitted
b. Justice40 Initiative
Resolution Supporting the Goals of the Justice40 Initiative (CM) Resolution 15235 - Resolution Supporting the Goals of the Justice40 Initiative c. Personnel Changes
Resolution Approving the Following Personnel Changes: Retitling of the Senior Civil Engineer (SRSD) Job Classification, Correcting Deputy Building Official Salary Range, Deleting Administrative Services Director and Adding Assistant City Manager Position, and Amending the Unrepresented Mid-Management and Executive Management Salary Schedules (HR)
Resolution 15236 - Resolution Approving the Following Personnel Changes: Retitling of the Senior Civil Engineer (SRSD) Job Classification, Correcting Deputy Building Official Salary Range, Deleting Administrative Services Director and Adding Assistant City Manager Position, and Amending the Unrepresented Mid-Management and Executive Management Salary Schedules
3 d. Rotary Manor Culvert Replacement
Authorize the City Manager to Award and Execute the Construction Agreement for the Rotary Manor Culvert Replacement Project, City Project No. 11371, to Maggiora & Ghilotti in the Amount of $778,700 and Authorize Contingency Funds in the Amount of $121,300 for a Total Contract Appropriation of $900,000 (PW) Authorized City Manager to Award and Execute the Construction Agreement for the Rotary Manor Culvert Replacement Project, City Project No. 11371, to Maggiora & Ghilotti in the Amount of $778,700 and Authorized Contingency Funds in the Amount of $121,300 for a Total Contract Appropriation of $900,000
AYES: Councilmembers: Bushey, Hill, Kertz & Mayor Kate
NOES: Councilmembers: None
ABSENT: Councilmembers: Llorens Gulati
OTHER AGENDA ITEMS:

4. Other Agenda Items:
a. Ordinance Regulating Camping on Public Property
An Ordinance Adding Chapter 19.50 to the San Rafael Municipal Code, Entitled “Camping on Public Property” to Regulate Camping on Public Property Within the City of San Rafael (CD/CA)
Chris Hess, Assistant Community Development Director presented the staff report.

Staff proposed amending the ordinance and adding a conflict provision:

Section 19.50.050 Conflict with Other Regulations
To the extent that there is any conflict with any other provisions of this code, the standards and regulations of this chapter shall prevail.

Staff responded to questions from the City Council.

Mayor Kate invited public comment.

Speakers: Name withheld, Mark Millea, Matt Butler, Name withheld, Daniel Campbell, Kenneth Hock, Name withheld, Name withheld, Ariana, John Reynolds, Name withheld, Name withheld, Name withheld, Heather Marty Cochran, Name withheld

Staff responded to public comment.

Councilmembers provided comments.

City Clerk Lindsay Lara read the title of the Ordinance.

Councilmember Kertz moved and Councilmember Bushey seconded to waive further reading of the Ordinance, refer to it by title only and introduce the Ordinance, with recommended changes provided by staff.

An Ordinance of the City Council of the City of San Rafael Adding Chapter 19.50 to the San Rafael Municipal Code, Entitled “Camping on Public Property” to Regulate Camping on Public Property Within the City of San Rafael.
4 AYES: Councilmembers: Bushey, Hill, Kertz & Mayor Kate NOES: Councilmembers: None
ABSENT: Councilmembers: Llorens Gulati
Waived further reading of the Ordinance and referred to it by title only, and introduced the Ordinance, with recommended changes provided by staff.

ADJOURNMENT:

Mayor Kate adjourned the meeting at 8:42 p.m.
___________________________
LINDSAY LARA, City Clerk
APPROVED THIS _____DAY OF____________, 2023
_____________________________________
KATE COLIN, Mayor
____________________________________________________________________________________

FOR CITY CLERK ONLY
Council Meeting:

Disposition:

Agenda Item No: 4.b
Meeting Date: July 17, 2023

SAN RAFAEL CITY COUNCIL AGENDA REPORT
Department: Police Department
Prepared by: Glenn McElderry,
Police Captain
City Manager Approval: ______________
TOPIC: POLICE DEPARTMENT COPY/PRINT HARDWARE LEASE AND SERVICES SUBJECT: AUTHORIZE THE CITY MANAGER TO NEGOTIATE AND ENTER INTO AN

AGREEMENT WITH UBEO WEST LLC FOR COPY/PRINT HARDWARE LEASE AND SERVICES FOR A 60 MONTH TERM IN THE AMOUNT OF $267,991
RECOMMENDATION:

Authorize the City Manager to negotiate and enter into an agreement with UBEO West LLC for a copy/print hardware lease and services, in the amount of $267,991.

BACKGROUND:

The City of San Rafael’s Police Department has utilized the Ray Morgan Company copy and print service since 2018. The Ray Morgan Company is now UBEO West LLC. The Police Department in the normal course of business generates a large volume of printed and scanned documents. It has been the policy to renew the three-year contracts on a timely basis, however this five-year contract offers better pricing.

The Police Department’s current contract expires September 2023.

ANALYSIS:

The Police Department currently has:
•
•
•
•
Three large capacity multi-function machines, including fax services.

Four large capacity multi-function machines.
38 standard black and white printers, 12 owned, 26 leased.

Ten desktop scanners.

The renewal for leasing and services will cost $53,599 annually. The $53,599 includes a set annual lease that includes maintenance at a cost based on 11,000 black and white print/copy, 17,000 color print/copy, 7,000 black and white laser print, and 2,000 color laser print. If the number of pages exceeds the allowance, the rate charged is .008 cents per page for black and white print/copy, .055 cents for color print/copy, .02 black and white laser print, and .125 cents for color laser print.

SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 2
The Police Department did not competitively bid the price proposal submitted by UBEO West LLC.

Competitive bidding may be waived by the Council pursuant to San Rafael Municipal Code section

2.55.100 (C) (other valid reasons for waiving competition) because the equipment and services can only be obtained from a sole source or are specialty in nature. Entering into this agreement has the effect of extending some existing equipment leases, achieving an overall substantial cost savings over entering new leases for the existing equipment. Police Department staff have also been satisfied with UBEO West LLC’s quality of service and would like to retain the vendor for copy and print services.

FISCAL IMPACT:

The total cost for the Police Department’s proposed lease and copy and print services over the 60-month term of the contract is approximately $267,991. There are sufficient funds in the Police Department’s General Fund operating budget to support this contract.

OPTIONS:

The City Council has the following options to consider on this matter:

1. 2.

Authorize the City Manager to enter into the agreement as recommended.

Do not authorize the City Manager to enter into the agreement and provide further direction to staff.

RECOMMENDED ACTION:

Authorize the City Manager to negotiate and enter into an agreement with UBEO West LLC for a copy/print hardware lease and services for a 60 month term in the amount of $267,991.

ATTACHMENT:

1. Proposed 2023 UBEO West LLC. Rental Lease Agreement with State and Local Government Addendum
3131 Esplanade • Chico, CA 95973 • Phone: 530.343.6065 • Fax: 530.343.9470 The words “User,” “Lessee,” “you” and “your” refer to Customer. The words “Owner,” “Lessor,” “we,” “us” and “our” refer to UBEO West, LLC.

STREET ADDRESS
1400 Fifth Avenue

STATE ZIP PHONE FAX
CA 94901 (415) 485-3000

BILLING STREET ADDRESS

STATE ZIP E-MAIL

CUSTOMER INFORMATION

FULL LEGAL NAME
City of San Rafael
CITY
San Rafael

BILLING NAME (IF DIFFERENT FROM ABOVE)
City of San Rafael Police Department
CITY

EQUIPMENT LOCATION (IF DIFFERENT FROM ABOVE)

EQUIPMENT DESCRIPTION
MAKE/MODEL/ACCESSORIES SERIAL NO. STARTING METER

NOT FINANCED

UNDER THIS

AGREEMENT
☐
See Schd. A ☐
☐
☐
☐
☐
☐
☐
☐ See attached Schedule A ☐ See attached Billing Schedule

TERM AND PAYMENT INFORMATION
5 Payments* of $ $53,598.12 If you are exempt from sales tax, attach your certificate. *plus applicable taxes The payment (“Payment”) period is monthly unless otherwise indicated.

Payment includes See Schd. A B&W images per month Overages billed at $ See Schd. A per B&W image* Payment includes See Schd. A General Color images per month Overages billed at $ See Schd. A per General Color image* Payment includes See Schd. A Pro. Color images per month Overages billed at $ See Schd. A per Pro. Color image* Payment includes See Schd. A scans per month Overages billed at $ See Schd. A per scan* Please check one: Meter Readings verified: Monthly Quarterly Other: Annual (If nothing is selected, then Quarterly will be your Meter Reading option.) Upon acceptance of the Equipment, THIS AGREEMENT IS NONCANCELABLE, IRREVOCABLE AND CANNOT BE TERMINATED.

OWNER ACCEPTANCE
UBEO West, LLC

OWNER SIGNATURE TITLE DATED

CUSTOMER ACCEPTANCE

BY SIGNING BELOW OR AUTHENTICATING AN ELECTRONIC RECORD HEREOF, YOU CERTIFY THAT YOU HAVE REVIEWED AND DO AGREE TO ALL TERMS AND CONDITIONS OF THIS AGREEMENT ON THIS PAGE AND ON PAGE 2 ATTACHED HERETO.

CIty of San Rafael X
CUSTOMER (as referenced above) SIGNATURE TITLE DATED
FEDERAL TAX I.D. # PRINT NAME
TERMS AND CONDITIONS (Continued on Page 2)

1. AGREEMENT: You agree to rent from us the goods, together with all replacements, parts, repairs, additions, and accessions incorporated therein or attached thereto and any and all proceeds of the foregoing, including, without limitation, insurance recoveries ("Equipment") and, if applicable, finance certain software, software license(s), software components and/or professional services in connection with software (collectively, the “Financed Items,” which are included in the word “Equipment” unless separately stated) from software licensor(s) and/or supplier(s) (collectively, the “Supplier”), all as described in this Agreement and in any attached schedule, addendum or amendment hereto (“Agreement”). You represent and warrant that you will use the Equipment for business purposes only. You agree to all of the terms and conditions contained in this Agreement, which, with the acceptance certification, is the entire agreement between you and us regarding the Equipment and which supersedes any purchase order, invoice, request for proposal, response or other related document. This Agreement becomes valid upon execution by us. In order to facilitate an orderly transition, the start date of this Agreement will be the date the Equipment is delivered to you or a date designated by us, as shown on the first invoice. If a later start date is designated, in addition to all Payments and other amounts due hereunder, you agree to pay us a transitional payment equal to 1/30th of the Payment, multiplied by the number of days between the date the Equipment is delivered to you and the designated start date. The first Payment is due 30 days after the start of this Agreement and each Payment thereafter shall be due on the same day of each month. In addition, should this Agreement replace a previous UBEO West, LLC generated equipment rental, a CLOSING BILL on the agreement being replaced, up to the installation date of the new equipment, will be sent approximately (10) days after delivery of the new equipment. You agree to pay this CLOSING BILL charges as they represent valid charges for product and services provided under the prior agreement up to the installation date of the new equipment. If any provision of this Agreement is declared unenforceable, the other provisions herein shall remain in full force and effect to the fullest extent permitted by law.

2. OWNERSHIP; PAYMENTS; TAXES AND FEES: We own the Equipment, excluding any Financed Items. Ownership of any Financed Items shall remain with Supplier thereof. You will pay all Payments, as adjusted, when due, without notice or demand and without abatement, set-off, counterclaim or deduction of any amount whatsoever. If any part of a Payment is more than 5 days late, you agree to pay a late charge of 10% of the Payment which is late or, if less, the maximum charge allowed by law. The Payment may be adjusted proportionately upward or downward: (i) if the shipping charges or taxes differ from the estimate given to you; and/or (ii) to comply with the tax laws of the state in which the Equipment is located. You shall pay all applicable taxes, assessments and penalties related to this Agreement, whether levied or assessed on this Agreement, on us (except on our income) or you, or on the Equipment, its rental, sale, ownership, possession, use or operation. If we pay any taxes or other expenses that are owed hereunder, you agree to reimburse us when we request. You agree to pay us a yearly processing fee of up to $50 for personal property taxes we pay related to the Equipment. You agree to pay us a fee of up to $50 for filing and/or searching costs required under the Uniform Commercial Code (“UCC”) or other laws. You agree to pay us an origination fee of $125 for all closing costs.

We may apply all sums received from you to any amounts due and owed to us under the terms of this Agreement. If for any reason your check is returned for insufficient funds, you will pay us a service charge of $30 or, if less, the maximum charge allowed by law. We may make a profit on any fees, estimated tax payments and other charges paid under this Agreement. 36241 (2017) (v2) Page 1 of 2 Rev. 11/03/2022
APPLICATION NO. AGREEMENT NO. VALUE RENTAL

AGREEMENT

3. EQUIPMENT; SECURITY INTEREST: At your expense, you shall keep the Equipment: (i) in good repair, condition and working order, in compliance with applicable laws, ordinances and manufacturers’ and regulatory standards; (ii) free and clear of all liens and claims; and (iii) at your address shown on page 1, and you agree not to move it unless we agree in writing. You grant us a security interest in the Equipment to secure all amounts you owe us under this Agreement or any other agreement with us (“Other Agreements”), except amounts under Other Agreements which are secured by land and/or buildings. You authorize and ratify our filing of any financing statement(s) to show our interest. You will not change your name, state of organization, headquarters or residence without providing prior written notice to us. You will notify us within 30 days if your state of organization revokes or terminates your existence.

4. INSURANCE; COLLATERAL PROTECTION; INDEMNITY; LOSS OR DAMAGE: You agree to keep the Equipment fully insured against all risk, with us named as lender’s loss payee, in an amount not less than the full replacement value of the Equipment until this Agreement is terminated. You also agree to maintain commercial general liability insurance with such coverage and from such insurance carrier as shall be satisfactory to us and to include us as an additional insured on the policy. You will provide written notice to us within 10 days of any modification or cancellation of your insurance policy(s). You agree to provide us certificates or other evidence of insurance acceptable to us. If you do not provide us with acceptable evidence of property insurance within 30 days after the start of this Agreement, we may, at our sole discretion, to do so as provided in either (A) or (B) below, as determined in our discretion: (A) We may obtain insurance covering our interest (and only our interest) in the Equipment for the Agreement term and renewals. Any insurance we obtain will not insure you against third party or liability claims and may be cancelled by us at any time. You may be required to pay us an additional amount each month for the insurance premium and an administrative fee. The cost may be more than the cost of obtaining your own insurance; or (B) We may charge you a monthly property damage surcharge of up to .0035 of the Equipment cost as a result of our credit risk and administrative and other costs, as would be further described on a letter from us to you. We may make a profit on this program. NOTHING IN THIS PARAGRAPH WILL RELIEVE YOU OF RESPONSIBILITY FOR LIABILITY INSURANCE ON THE EQUIPMENT. We are not responsible for, and you agree to hold us harmless and reimburse us for and to defend on our behalf against, any claim for any loss, expense, liability or injury caused by or in any way related to delivery, installation, possession, ownership, renting, manufacture, use, condition, inspection, removal, return or storage of the Equipment. All indemnities will survive the expiration or termination of this Agreement. You are responsible for any loss, theft, destruction or damage to the Equipment (“Loss”), regardless of cause, whether or not insured. You agree to promptly notify us in writing of any Loss. If a Loss occurs and we have not otherwise agreed in writing, you will promptly pay to us the unpaid balance of this Agreement, including any future Payments to the end of the term plus the anticipated residual value of the Equipment, both discounted to present value at 2%. Any proceeds of insurance will be paid to us and credited against the Loss. You authorize us to sign on your behalf and appoint us as your attorney-in-fact to endorse in your name any insurance drafts or checks issued due to a Loss.

5. ASSIGNMENT: YOU SHALL NOT SELL, TRANSFER, ASSIGN, ENCUMBER, PLEDGE OR SUBRENT THE EQUIPMENT OR THIS AGREEMENT, without our prior written consent which will not be unreasonably withheld. You shall not consolidate or merge with or into any other entity, distribute, sell or dispose of all or any substantial portion of your assets other than in the ordinary course of business, without our prior written consent, and the surviving, or successor entity or the transferee of such assets, as the case may be, shall assume all of your obligations under this Agreement by a written instrument acceptable to us. No event shall occur which causes or results in a transfer of majority ownership of you while any obligations are outstanding hereunder. We may sell, assign, or transfer this Agreement without notice to or consent from you. You agree that if we sell, assign or transfer this Agreement, our assignee will have the same rights and benefits that we have now and will not have to perform any of our obligations. You agree that our assignee will not be subject to any claims, defenses, or offsets that you may have against us. This Agreement shall be binding on and inure to the benefit of the parties hereto and their respective successors and assigns.

6. DEFAULT AND REMEDIES: You will be in default if: (i) you do not pay any Payment or other sum due to us or you fail to perform in accordance with the covenants, terms and conditions of this Agreement or any other agreement with us or any of our affiliates or fail to perform or pay under any material agreement with any other entity; (ii) you make or have made any false statement or misrepresentation to us; (iii) you or any guarantor dies, dissolves, liquidates, terminates existence or is in bankruptcy; (iv) you or any guarantor suffers a material adverse change in its financial, business or operating condition; or (v) any guarantor defaults under any guaranty for this Agreement. If you are ever in default, at our option, we can cancel this Agreement and require that you pay the unpaid balance of this Agreement, including any future Payments to the end of term plus the anticipated residual value of the Equipment, both discounted to present value at 2%. We may recover default interest on any unpaid amount at the rate of 12% per year. Concurrently and cumulatively, we may also use any remedies available to us under the UCC and any other law and we may require that you immediately stop using any Financed Items. If we take possession of the Equipment, you agree to pay the costs of repossession, moving, storage, repair and sale. The net proceeds of the sale of any Equipment will be credited against what you owe us under this Agreement and you will be responsible for any deficiency. In the event of any dispute or enforcement of our rights under this Agreement or any related agreement, you agree to pay our reasonable attorneys’ fees (including any incurred before or at trial, on appeal or in any other proceeding), actual court costs and any other collection costs, including any collection agency fee. WE SHALL NOT BE RESPONSIBLE TO PAY YOU ANY CONSEQUENTIAL, INDIRECT OR INCIDENTAL DAMAGES FOR ANY DEFAULT, ACT OR OMISSION BY ANYONE. Any delay or failure to enforce our rights under this Agreement will not prevent us from enforcing any rights at a later time. You agree that this Agreement is a "Finance Lease" as defined by Article 2A of the UCC and your rights and remedies are governed exclusively by this Agreement. You waive all rights under sections 2A-508 through 522 of the UCC. If interest is charged or collected in excess of the maximum lawful rate, we will refund such excess to you, which will be your sole remedy.

7. INSPECTIONS AND REPORTS: We have the right, at any reasonable time, to inspect the Equipment and any documents relating to its installation, use, maintenance and repair. Within 30 days after our request (or such longer period as provided herein), you will deliver all requested information (including tax returns) which we deem reasonably necessary to determine your current financial condition and faithful performance of the terms hereof. This may include: (i) compiled, reviewed or audited annual financial statements (including, without limitation, a balance sheet, a statement of income, a statement of cash flow, a statement of changes in equity and notes to financial statements) within 120 days after your fiscal year end, and (ii) management-prepared interim financial statements within 45 days after the requested reporting period(s). Annual statements shall set forth the corresponding figures for the prior fiscal year in comparative form, all in reasonable detail without any qualification or exception deemed material by us. Unless otherwise accepted by us, each financial statement shall be prepared in accordance with generally accepted accounting principles consistently applied and shall fairly and accurately present your financial condition and results of operations for the period to which it pertains. You authorize us to obtain credit bureau reports for credit and collection purposes and to share them with our affiliates and agents.

8. END OF TERM: At the end of the initial term, this Agreement shall renew for successive 12-month renewal term(s) under the same terms hereof unless you send us written notice between 90 and 150 days before the end of the initial term or at least 30 days before the end of any renewal term that you want to return the Equipment, and you timely return the Equipment. You shall continue making Payments and paying all other amounts due until the Equipment is returned. As long as you have given us the required written notice, you will return all of the Equipment to a location we specify, at your expense, in retail re-saleable condition, full working order and complete repair. At the end of the term or upon repossession of the Equipment after a default, you agree to pay us a minimum return fee of $250, which will cover up to 10 units of returned Equipment and will not be prorated, and in addition, a supplemental return fee of up to $50 per each unit of returned Equipment in excess of 10 units (collectively, the “Return Fee”). If, in our sole discretion, we allow you to return any Equipment prior to the end of the term, you shall pay us the Return Fee each time you return Equipment. YOU ARE SOLELY RESPONSIBLE FOR REMOVING ANY DATA THAT MAY RESIDE IN THE EQUIPMENT, INCLUDING BUT NOT LIMITED TO HARD DRIVES, DISK DRIVES OR ANY OTHER FORM OF MEMORY.

9. USA PATRIOT ACT NOTICE; ANTI-TERRORISM AND ANTI-CORRUPTION COMPLIANCE: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each customer who opens an account. When you enter into a transaction with us, we ask for your business name, address and other information that will allow us to identify you. We may also ask to see other documents that substantiate your business identity. You and any other person who you control, own a controlling interest in, or who owns a controlling interest in or otherwise controls you in any manner (“Representatives”) are and will remain in full compliance with all laws, regulations and government guidance concerning foreign asset control, trade sanctions, embargoes, and the prevention and detection of money laundering, bribery, corruption, and terrorism, and neither you nor any of your Representatives is or will be listed in any Sanctions-related list of designated persons maintained by the U.S. Department of Treasury’s Office of Foreign Assets Control or successor or the U.S. Department of State.

You shall, and shall cause any Representative to, provide such information and take such actions as are reasonably requested by us in order to assist us in maintaining compliance with anti-money laundering laws and regulations.

10. MISCELLANEOUS: Unless otherwise stated in an addendum hereto, the parties agree that: (i) this Agreement and any related documents hereto may be authenticated by electronic means; (ii) the “original” of this Agreement shall be the copy that bears your manual, facsimile, scanned or electronic signature and that also bears our manually or electronically signed signature and is held or controlled by us; and (iii) to the extent this Agreement constitutes chattel paper (as defined by the UCC), a security interest may only be created in the original. You agree not to raise as a defense to the enforcement of this Agreement or any related documents that you or we executed or authenticated such documents by electronic or digital means or that you used facsimile or other electronic means to transmit your signature on such documents. Notwithstanding anything to the contrary herein, we reserve the right to require you to sign this Agreement or any related documents hereto manually and to send to us the manually signed, duly executed documents via overnight courier on the same day that you send us the facsimile, scanned or electronic transmission of the documents. You agree to execute any further documents that we may request to carry out the intents and purposes of this Agreement. Whenever our consent is required, we may withhold or condition such consent in our sole discretion, except as otherwise expressly stated herein. From time to time, Supplier may extend to us payment terms for Equipment financed under this Agreement that are more favorable than what has been quoted to you or the general public, and we may provide Supplier information regarding this Agreement if Supplier has assigned or referred it to us. All notices shall be mailed or delivered by facsimile transmission or overnight courier to the respective parties at the addresses shown on this Agreement or such other address as a party may provide in writing from time to time. By providing us with a telephone number for a cellular phone or other wireless device, including a number that you later convert to a cellular number, you are expressly consenting to receiving communications, including but not limited to prerecorded or artificial voice message calls, text messages, and calls made by an automatic telephone dialing system, from us and our affiliates and agents at that number. This express consent applies to each such telephone number that you provide to us now or in the future and permits such calls for non-marketing purposes. Calls and messages may incur access fees from your cellular provider. You authorize us to make non-material amendments (including completing and conforming the description of the Equipment) on any document in connection with this Agreement. Unless stated otherwise herein, all other modifications to this Agreement must be in writing and signed by each party or in a duly authenticated electronic record. This Agreement may not be modified by course of performance.

11. WARRANTY DISCLAIMERS: WE ARE RENTING THE EQUIPMENT TO YOU “AS-IS.” YOU HAVE SELECTED SUPPLIER AND THE EQUIPMENT BASED UPON YOUR OWN JUDGMENT. IN THE EVENT WE ASSIGN THIS AGREEMENT, OUR ASSIGNEE DOES NOT TAKE RESPONSIBILITIES FOR THE INSTALLATION OR PERFORMANCE OF THE EQUIPMENT. SUPPLIER IS NOT AN AGENT OF OURS AND WE ARE NOT AN AGENT OF SUPPLIER, AND NOTHING SUPPLIER STATES OR DOES CAN AFFECT YOUR OBLIGATIONS HEREUNDER. YOU WILL MAKE ALL PAYMENTS UNDER THIS AGREEMENT REGARDLESS OF ANY CLAIM OR COMPLAINT AGAINST ANY SUPPLIER, LICENSOR OR MANUFACTURER, AND ANY FAILURE OF A SERVICE PROVIDER TO PROVIDE SERVICES WILL NOT EXCUSE YOUR OBLIGATIONS TO US UNDER THIS AGREEMENT. WE MAKE NO WARRANTIES,

EXPRESS OR IMPLIED, OF, AND TAKE ABSOLUTELY NO RESPONSIBILITY FOR, MERCHANTABILITY, FITNESS FOR ANY PARTICULAR PURPOSE, CONDITION, QUALITY, ADEQUACY, TITLE, DATA ACCURACY, SYSTEM INTEGRATION, FUNCTION, DEFECTS, INFRINGEMENT OR ANY OTHER ISSUE IN REGARD TO THE EQUIPMENT, ANY ASSOCIATED SOFTWARE AND ANY FINANCED ITEMS. SO LONG AS YOU ARE NOT IN DEFAULT UNDER THIS AGREEMENT, WE ASSIGN TO YOU ANY WARRANTIES IN THE EQUIPMENT GIVEN TO US.

12. LAW; JURY WAIVER: This Agreement will be governed by and construed in accordance with the law of the principal place of business of Owner or, if assigned, its assignee. You consent to jurisdiction and venue of any state or federal court in the state of the Owner or, if assigned, its assignee has its principal place of business and waive the defense of inconvenient forum. For any action arising out of or relating to this Agreement or the Equipment, BOTH PARTIES WAIVE ALL RIGHTS TO A TRIAL BY JURY.

13. MAINTENANCE AND SUPPLIES: You have elected to enter into a separate arrangement with Supplier for maintenance, inspection, adjustment, parts replacement, drums, cleaning material required for proper operation and toner and developer (“Arrangement”). You agree to pay all amounts owing under this Agreement regardless of any claim you have against Supplier relating to the Arrangement. Supplier will be solely responsible for performing all services and providing all supplies under the Arrangement. You agree not to hold Owner (if different from Supplier) or any assignee of this Agreement responsible for Supplier’s obligations under the Arrangement. As a convenience to you, we will provide you with one invoice covering amounts owing under this Agreement and the Arrangement. If necessary, Supplier’s obligations to you under the Arrangement may be assigned by us. You have been informed that a surge protector is recommended to protect your electronic investment from harmful high voltage power disturbances. Said surge protectors should have network protection when connected in a network environment. Units that provide network protection are available through UBEO West, LLC. You are responsible for providing manufacturer recommended adequate power supply. Check one of the following: Purchased Has existing Declined and will be responsible for damage caused by not having a surge protector. You agree to pay a monthly supply freight fee to cover the costs of shipping supplies to you. An image/scan is equal to a single sided 8.5” x 11” copy or print. Each month, you are entitled to produce the minimum number of images/scans shown on page 1 of this Agreement for each applicable image/scan type. Regardless of the number of images/scans made, you will never pay less than the minimum Payment. You agree to provide periodic meter readings on the Equipment. If at any time during the term of this Agreement meter readings are not collected electronically there wil l be a $5 fee assessed per device, per month for the term of this Agreement or until the meter readings are set-up electronically. You agree to pay the applicable overage charge for each metered image/scan that exceeds the applicable minimum number of images/scans. Images/scans made on equipment marked as not financed under this Agreement will be included in determining your image/scan and overage charges. At the end of the first year of this Agreement, and once each successive 12-month period thereafter, the maintenance and supplies portion of the Payment and the overage charges may be increased by a maximum of 15% of the existing payment or charge. If you have multiple devices at the installation address, which use the same supplies provided under this Agreement, all devices using the same supplies must be covered under an active agreement with Supplier. UBEO West, LLC agrees not to disclose any customer information to manufacturers or competitors that is not required by law.

14. EXCLUSIONS: Maintenance service under the Arrangement is contingent upon proper use of the device. The Arrangement does not include: a) Repairs resulting from causes other than normal use; your willful act, use of any paper stock that does not meet device specifications, negligence or misuse including, without limitation, damage to any part or mechanisms and/or use or supplies or spare parts not manufactured and/or use or supplies or spare parts not manufactured by the original equipment manufacturer and which cause abnormally high service calls or service problems; accident, transportation, failure of electrical power, air conditioning or humidity control related problems, acts of nature (fire , flood etc.), theft, or any other unusual circumstance. b) Repairs made necessary by service performed by personnel other than UBEO West, LLC representative. c) Work which you request to be performed outside regular business hours. d) Reconditioning or modification to the Equipment except those specified by UBEO West, LLC’s Technical Service Department to assure greater performance of the Equipment. e) Any and all work related to data flow between the covered device and your computers, software or computer network; or work on your computers, software or computer network independent of the Equipment. f) Repairs to the Equipment that is past the manufactures end of service life. 36241 (2017) (v2) Page 2 of 2 Rev. 11/03/2022
PAGE 1 OF 1
This Equipment Schedule A is to be attached to and become part of the item description for the Agreement. Dated_____________________ by and between the undersigned and Ubeo West, LLC Model # Serial # Ownership Address Location City Zip Start Meter Pool # Covered Copies
Overage
Rate Start Meter Pool # Covered
Copies Overage Rate
Canon DX C5870i Lessor 1400 Fifth Avenue Records-Downstairs San Rafael 94901 1 11,000 $0.008 2 17,000 $0.055 Canon DX C5860i Lessor 1400 Fifth Avenue Investegations San Rafael 94901 1 Included $0.008 2 Included $0.055 Canon C357if Lessor 1400 Fifth Avenue Evidence San Rafael 94901 1 Included $0.008 2 Included $0.055 Canon C357if Lessor 1400 Fifth Avenue Dispatch 2nd floor San Rafael 94901 1 Included $0.008 2 Included $0.055 Canon C357if Lessor 1400 Fifth Avenue Report Writing San Rafael 94901 1 Included $0.008 2 Included $0.055 Canon C357if Lessor 1400 Fifth Avenue Report Writing Room San Rafael 94901 1 Included $0.008 2 Included $0.055 Canon DX C5870i Lessor 1400 Fifth Avenue Records San Rafael 94901 1 Included $0.008 2 Included $0.055 HP E47528dn Lessor 1400 Fifth Avenue Dispatch San Rafael 94901 1 Included $0.008 2 Included $0.055 HP E47528dn Lessor 1400 Fifth Avenue Tiny San Rafael 94901 1 Included $0.008 2 Included $0.055 HP E47528dn Lessor 1400 Fifth Avenue Lynette San Rafael 94901 1 Included $0.008 2 Included $0.055 HP M553 JPBCJB30MY Customer 1400 Fifth Avenue Sargeants Office San Rafael 94901 3 7,000 $0.02 4 2,000 $0.125 HP M477 VNB8JCTB4Q Customer 1400 Fifth Avenue Rose San Rafael 94901 3 Included $0.02 4 Included $0.125 HP M553 JPBCJC10GL Customer 1400 Fifth Avenue Dispatch San Rafael 94901 3 Included $0.02 4 Included $0.125 HP E50145dn Lessor 1400 Fifth Avenue TBD San Rafael 94901 3 Included $0.02 HP M551 CMCCG2S163 Customer 1400 Fifth Avenue TBD San Rafael 94901 3 Included $0.02 4 Included $0.125 HP E45028dn Lessor 1400 Fifth Avenue TINY-Next Door San Rafael 94901 3 Included $0.02 4 Included $0.125 HP E50145dn Lessor 1400 Fifth Avenue YSB INTERNS San Rafael 94901 3 Included $0.02 HP E45028 VND3P00262 Customer 1400 Fifth Avenue Police Chief San Rafael 94901 3 Included $0.02 4 Included $0.125 MTB M2635 VCA6Z01463 Customer 1400 Fifth Avenue Distpatch Fax San Rafael 94901 3 Included $0.02 HP M401 PHGFG38315 Customer 1400 Fifth Avenue Charles Taylor San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue Records Bracken San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue HOLDING CELLS San Rafael 94901 3 Included $0.02 HP M402 PHBQF50931 Customer 1400 Fifth Avenue Aguilar San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue Patrol SGTS San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue LEON-DAYSHIFT LT. San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue Nightshift Lt. Fink San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue Captain Starnes San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue Business Office San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue SPECIAL OPS San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue Chief Spiller San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue DETECTIVE SGT. San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue INVEST-LT FINK San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue Investigations San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue TBD San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue CPTN. MCELDERRY San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue Investigations San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue Ingles San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue Leon San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue Mobile Command A San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue Mobile Command B San Rafael 94901 3 Included $0.02 HP M501 PHBTQ12132 Customer 1400 Fifth Avenue Dispatch San Rafael 94901 3 Included $0.02 HP E50145dn Lessor 1400 Fifth Avenue Jillian San Rafael 94901 3 Included $0.02 HP M404 PHBB321562 Customer 1400 Fifth Avenue Investigations San Rafael 94901 - 3 Included $0.02 - HP M404 PHBB321480 Customer 1400 Fifth Avenue SPECIAL OPS San Rafael 94901 3 Included $0.02 HP M476 CNB7H6L075 Customer 5800 Northgate Security Mall Office San Rafael 94903 3 Included $0.02 4 Included $0.125 This Equipment Schedule A is herby Verified as correct by the undersigned Lessee, who acknowledges receipt of a copy:

Dated: ______________ Customer: ________________________ Signature: ___________________________ Title:____________________ Print Name: ____________________________________________ Dated: ______________ Customer: ________________________ Signature: ___________________________ Title:____________________ Print Name: ____________________________________________

EQUIPMENT INFORMATION
Agreement Number

CUSTOMER ACCEPTANCE
Black and White Color Pool
NOTE: CAPITALIZED TERMS IN THIS DOCUMENT ARE DEFINED AS IN THE AGREEMENT, UNLESS SPECIFICALLY STATED OTHERWISE.

A595 REV 10/19

CALIFORNIA JUDICIAL

REFERENCE ADDENDUM
AGREEMENT #
Application #: 2997740
Addendum to Agreement # App #: 2997740 and any future supplements/schedules thereto, between City of San Rafael, as Customer and UBEO West, LLC, as Lessor/Secured Party (“Agreement”). The words “you” and “your” refer to Customer. The words “we,” “us” and “our” refer to Lessor/Secured Party.

The parties wish to amend the above-referenced Agreement by adding the following language:

1. Any and all disputes, claims and controversies arising out of, connected with or relating to the Agreement or the transactions contemplated thereby (individually, a "Dispute") that are brought before a forum in which pre-dispute waivers of the right to trial by jury are invalid under applicable law shall be subject to the terms contained in this Addendum in lieu of the jury trial waiver otherwise provided in the Agreement. Disputes may include, without limitation, tort claims, counterclaims, claims brought as class actions, claims arising from schedules, supplements, exhibits or other documents to the Agreement executed in the future, disputes as to whether a matter is subject to judicial reference, or claims concerning any aspect of the past, present or future relationships arising out of or connected with the Agreement.

2. Any and all Disputes shall be heard by a referee and resolved by judicial reference pursuant to California Code of Civil Procedure (“CCCP”) §§ 638 et seq. The referee shall be a retired California state court judge or an attorney licensed to practice law in the State of California with at least 10 years' experience practicing commercial law. The parties shall not seek to appoint a referee that may be disqualified pursuant to CCCP §641 or 641.2 without the prior written consent of all parties. If the parties are unable to agree upon a referee within 10 calendar days after one party serves a written notice of intent for judicial reference upon the other parties, then the referee will be selected by the court in accordance with CCCP § 640(b).

3. The referee shall render a written statement of decision and shall conduct the proceedings in accordance with the CCCP, the Rules of Court, and the California Evidence Code, except as otherwise specifically agreed by the parties and approved by the referee. The referee's statement of decision shall set forth findings of fact and conclusions of law. The decision of the referee shall be entered as a judgment in the court in accordance with the provisions of CCCP §§644 and 645.

The decision of the referee shall be appealable to the same extent and in the same manner that such decision would be appealable if rendered by a judge of the superior court.

4. Notwithstanding the preceding agreement to submit Disputes to a judicial referee, the parties preserve, without diminution, certain rights and remedies at law or equity and under the Agreement that such parties may employ or exercise freely, either alone or in conjunction with or during a Dispute. Each party shall have and hereby reserves the right to proceed in any court of proper jurisdiction or by self-help to exercise or prosecute the following remedies, as applicable: (A) all rights to foreclose against any real or personal property or other security by exercising a power of sale granted in the Agreement or under applicable law or by judicial foreclosure and sale, including a proceeding to confirm the sale, (B) all rights of self-help including peaceful occupation of property and collection of rents, setoff, and peaceful possession of property, (C) obtaining provisional or ancillary remedies including injunctive relief, sequestration, garnishment, attachment, appointment of receiver and in filing an involuntary bankruptcy proceeding, and (D) when applicable, a judgment by confession of judgment. Preservation of these remedies does not limit the power of a judicial referee to grant similar remedies that may be requested by a party in a Dispute. No provision in the Agreement regarding submission to jurisdiction and/or venue in any court is intended or shall be construed to be in derogation of the provisions in this Addendum for judicial reference of any Dispute. The parties do not waive any applicable federal or state substantive law except as provided herein.

5. If a Dispute includes multiple claims, some of which are found not subject to this Addendum, the parties shall stay the proceedings of the claims not subject to this Addendum until all other claims are resolved in accordance with this Addendum. If there are Disputes by or against multiple parties, some of which are not subject to this Addendum, the parties shall sever the Disputes subject to this Addendum and resolve them in accordance with this Addendum.

6. During the pendency of any Dispute that is submitted to judicial reference in accordance with this Addendum, each of the parties to such Dispute shall bear equal shares of the fees charged and costs incurred by the referee in performing the services described in this Addendum. The compensation of the referee shall not exceed the prevailing rate for like services. The prevailing party shall be entitled to reasonable court costs and legal fees, including customary attorneys’ fees, expert witness fees, paralegal fees, the fees of the referee and other reasonable costs and disbursements charged to the party by its counsel, in such amount as is determined by the referee.

7. In the event of any challenge to the legality or enforceability of this Addendum, the prevailing party shall be entitled to recover the costs and expenses from the non-prevailing party, including reasonable attorneys' fees, incurred by it in connection therewith.

8. THIS ADDENDUM CONSTITUTES A "REFERENCE AGREEMENT" BETWEEN THE PARTIES WITHIN THE MEANING OF AND FOR PURPOSES OF CCCP § 638.

By signing this Addendum, Customer acknowledges the above changes to the Agreement and authorizes Lessor/Secured Party to make such changes. In the event of any conflict between this Addendum and the Agreement, this Addendum shall prevail. In all other respects, the terms and conditions of the Agreement remain in full force and effect and remain binding on Customer. This Addendum may be executed in multiple counterparts, each of which shall constitute an original, but all of which, when taken together, shall constitute one and the same agreement.

UBEO West, LLC
Lessor/Secured Party Customer
X
Signature Signature
Title Date Title Date
____________________________________________________________________________________

FOR CITY CLERK ONLY
Council Meeting:

Disposition:

Agenda Item No: 4.c
Meeting Date: July 17, 2023

SAN RAFAEL CITY COUNCIL AGENDA REPORT
Department: Finance
Prepared by: Paul Navazio, Finance Director City Manager Approval: _________ TOPIC: CITY QUARTERLY INVESTMENT REPORT
SUBJECT: ACCEPTANCE OF CITY OF SAN RAFAEL QUARTERLY INVESTMENT REPORT FOR THE QUARTER ENDING JUNE 30, 2023
RECOMMENDATION: Accept investment report for the quarter ending June 30, 2023, as presented.

BACKGROUND: Pursuant to the State of California Government Code Section 53601 and the City’s investment policy, last approved by the City Council on June 21, 2022, staff provides the City Council with a quarterly report on the City's investment activities and liquidity. Included in the report are the cost of each investment, the interest rates (yield), maturity dates, and market value. Separate reports are prepared for the City and the Successor Agency to San Rafael Redevelopment Agency.

The City invests a portion of its pooled funds in the Local Agency Investment Fund (LAIF), a State-run investment pool. Beginning in March 2014, the City incorporated an investment strategy that added purchases of securities outside of LAIF with the assistance of an investment advisor, Chandler Asset Management.

ANALYSIS:

As of June 30, 2023, the City’s Treasury consisted of investments with a total market value of $96,362,087, consisting of $50,929,996 in the City’s primary Local Agency Investment Fund (LAIF) account, and $45,432,092 in externally managed investments, which includes $1,075,2000 of Pt. San Pedro Assessment District bonds. An additional $13,416,891 in cash represent the balance in the City’s Westamerica general operating bank account.

The overall return on the total portfolio for the quarter ending June 30, 2023, was 3.0%, with a weighted average maturity of 0.89 years. This result is 2.40% lower than the equivalent (1-year) Treasury yield for the period of 5.40%. The yield on the portfolio results from an effective yield of 3.26% for the City’s investments in the Local Agency Investment Fund and a yield of 2.72% for the externally managed investments. The unfavorable variance relative to the established benchmark is typical of a rising interest SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 2
environment and the performance of the portfolio is expected to increase in the near-term as holdings mature and are reinvested at higher rates of return.

The City’s investment portfolio continues to maintain strong diversification and is experiencing growth of interest income as a result of higher market rates. All investments continue to comply with the City’s investment policy and California Government Code.

Economic Outlook:

At the June meeting, the Federal Open Market Committee paused their rate hiking campaign after ten straight rate increases and left the target Federal Funds rate in the current range of 5.00 - 5.25%. Market participants expect further tightening in the future, primarily based on the updated release of the FOMC’s Summary of Economic Projections (SEP) forecast which reflected a stronger economic outlook and higher rates compared to the March forecast.

The City will continue to monitor market trends and refine is investment strategy, as appropriate, to improve the performance of the investment portfolio while ensuring its primary goals of preservation of principal, liquidity and yield.

Exhibit A is composed of three parts: (1) Quarterly Investment Portfolio Report; (2) Historical Activity by Quarter summarizing the City’s investments; and (3) the three monthly (April, May and June)) investment reports from Chandler Asset Management for the quarter, which include transaction activity details for the reporting period.

FISCAL IMPACT: No financial impact occurs by adopting the report. The City continues to meet the priority principles of investing - safety, liquidity, yield, and diversification. The portfolio remains conservatively invested and sufficient liquidity exists to meet daily operating and capital project requirements for the next six months. Operating funds, as defined for this report, exclude cash held with fiscal agents for the payment of bond principal and interest.

RECOMMENDATION: Accept investment report for the quarter ending June 30, 2023, as presented.

ATTACHMENTS:

Exhibit A:

1. 2.

3. Quarterly Investment Portfolio Report
Historical Activity by Quarter Report
Chandler Asset Management Statements, April through June 2023 SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 3
I CERTIFY THAT ALL INVESTMENTS MADE ARE IN CONFORMANCE WITH THE CITY’S APPROVED INVESTMENT POLICY AND STATE INVESTMENT REGULATIONS. THE CITY HAS SUFFICIENT

LIQUIDITY TO MEET ALL OF THE OBLIGATIONS REQUIRED DURING THE NEXT SIX-MONTH PERIOD.

Paul Navazio
Finance Director
% Yield
LAIF 50,929,996 $ 100.0% 3.26%
Total Internally Managed 50,929,996 $ 52.9%
Weighted Average Yield 3.26%
Days
Effective Average Duration - Internal 1
Weighted Average Maturity - Internal 1
% Yield
Money Market Fund 844,916 $ 1.9% 4.72%
Treasury Securities 15,306,595 $ 33.7% 1.75%
Instrumentality Securities 11,496,767 $ 25.3% 2.72%
Corporate Notes 10,100,915 $ 22.2% 2.41%
Asset-Backed 3,048,660 $ 6.7% 4.86%
Negotiable CD 373,787 $ 0.8% 5.34%
CMO 3,185,252 $ 7.0% 4.57%
Pt. San Pedro Assessment District 1,075,200 $ 2.4% 5.25% Total Externally Managed 45,432,092 $ 47.1%
Weighted Average Yield 2.72%
Years
Effective Average Duration - External 1.63
Weighted Average Maturity - External 1.92
Total Portfolio Assets % Yield
LAIF 50,929,996 $ 52.9% 3.26%
Money Market Fund 844,916 $ 0.9% 4.72%
Treasury Securities 15,306,595 $ 15.9% 1.75%
Instrumentality Securities 11,496,767 $ 11.9% 2.72%
Corporate Notes 10,100,915 $ 10.5% 2.41%
Asset-Backed 3,048,660 $ 3.2% 4.86%
Negotiable CD 373,787 $ 0.4% 5.34%
CMO 3,185,252 $ 3.3% 4.57%
Pt. San Pedro Assessment District 1,075,200 $ 1.1% 5.25% Total Portfolio Assets 96,362,087 $ 100.0%
Weighted Average Yield 3.00%
Years
Effective Average Duration - Total 0.76
Weighted Average Maturity - Total 0.89
Based on Market Values
June 30, 2023
City of Rafael
Quarterly Investment Portfolio Report
Externally Managed Assets
Internally Managed Assets
LAIF
100%
Money Market
Fund

1.9% Treasury
Securities

33.7%
Instrumentality
Securities

25.3%
Corporate Notes

22.2%
Asset-Backed

6.7%
Negotiable CD

0.8% CMO

7.0%
Pt. San Pedro
Assessment
District

2.4%
LAIF

52.9%
Money Market
Fund

0.9%
Treasury
Securities

15.9%
Instrumentality
Securities

11.9%
Corporate
Notes

10.5%
Asset-Backed

3.2%
Negotiable CD

0.4%
CMO

3.3%
Pt. San Pedro
Assessment
District

1.1%
Exhibit A
Internally Managed Assets % Return % Return % Return % Return % Return % Return LAIF 50,929,996 $ 100.0% 3.26% 36,644,876 $ 100.0% 2.87% 27,557,309 $ 99.4% 2.17% 33,407,538 $ 99.5% 1.51% 49,325,065 $ 99.7% 0.86% 37,295,675 $ 99.6% 0.37% LAIF - Housing - $ 0.0% 0.00% - $ 0.0% 0.00% 156,195 $ 0.6% 2.17% 155,665 $ 0.5% 1.51% 155,374 $ 0.3% 0.86% 155,252 $ 0.4% 0.37% Total Internally Managed 50,929,996 $ 52.9% $ 36,644,876 44.6% $ 27,713,504 38.2% $ 33,563,203 43.0% $ 49,480,439 52.5% $ 37,450,927 45.4% Weighted Average Yield 3.26% 2.87% 2.17% 1.51% 0.86% 0.37% Externally Managed Assets % Return % Return % Return % Return % Return % Return Cash $ 844,916 1.9% 4.72% $ 2,967,302 6.5% 4.40% $ 2,947,890 6.6% 3.00% $ 94,380 0.2% 1.00% $ 155,858 0.3% 0.02% $ 34,607 0.1% 0.02% Treasury Securities 15,306,595 $ 33.7% 1.75% 17,159,389 $ 37.8% 1.64% 18,206,234 $ 40.6% 1.17% 19,352,963 $ 43.5% 1.20% 19,307,642 $ 43.0% 0.70% 19,322,375 $ 42.9% 0.54% Instrumentality Securities 11,496,767 $ 25.3% 2.72% 10,748,119 $ 23.7% 2.36% 9,984,055 $ 22.3% 1.27% 10,891,851 $ 24.5% 0.95% 11,004,000 $ 24.5% 0.96% 11,081,069 $ 24.6% 0.95% Corporate Notes 10,100,915 $ 22.2% 2.41% 11,251,043 $ 24.8% 1.46% 12,590,810 $ 28.1% 0.92% 13,054,253 $ 29.4% 0.90% 13,224,805 $ 29.5% 0.90% 13,449,548 $ 29.9% 0.69% Asset Backed 3,048,660 $ 6.7% 4.86% 1,862,018 $ 4.1% 5.02% - $ 0.0% 0.00% - $ 0.0% 0.00% - $ 0.0% 0.00% - $ 0.0% 0.00% Negotiable CD 373,787 $ 0.8% 5.34% 375,224 $ 0.8% 5.34% - $ 0.0% 0.00% - $ 0.0% 0.00% - $ 0.0% 0.00% - $ 0.0% 0.00% Collateralized Mortgage Obligations (CMO) 3,185,252 $ 7.0% 4.57% - $ 0.0% 0.00% - $ 0.0% 0.00% - $ 0.0% 0.00% - $ 0.0% 0.00% - $ 0.0% 0.00% Municipal/Assessment District 1,075,200 $ 2.4% 5.25% 1,075,200 $ 2.4% 5.25% 1,075,200 $ 2.4% 5.25% 1,075,200 $ 2.4% 5.25% 1,159,300 $ 2.6% 5.25% 1,159,300 $ 2.6% 5.25% Total Externally Managed 45,432,092 $ 47.1% $ 45,438,295 55.4% $ 44,804,189 61.8% $ 44,468,648 57.0% $ 44,851,605 47.5% $ 45,046,900 54.6% Weighted Average Yield 2.72% 2.16% 1.34% 1.15% 0.94% 0.81% Years Years Years Years Years Years
Effective Average Duration - External 1.63 1.56 1.12 1.56 1.45 1.56 Weighted Average Maturity - External 1.92 1.72 1.35 1.72 1.60 1.72 Total Portfolio Assets % Return % Return % Return % Return % Return % Return LAIF 50,929,996 $ 52.9% 3.26% 36,644,876 $ 44.6% 2.87% 27,713,504 $ 38.2% 2.17% 33,563,203 $ 43.0% 1.51% 49,480,439 $ 52.5% 0.86% 37,450,927 $ 45.4% 0.37% Cash 844,916 $ 0.9% 4.72% 2,967,302 $ 3.6% 4.40% 2,947,890 $ 4.1% 3.00% 94,380 $ 0.1% 1.00% 155,858 $ 0.2% 0.02% 34,607 $ 0.0% 0.02% Treasury Securities 15,306,595 $ 15.9% 1.75% 17,159,389 $ 20.9% 1.64% 18,206,234 $ 25.1% 1.17% 19,352,963 $ 24.8% 1.20% 19,307,642 $ 20.5% 0.70% 19,322,375 $ 23.4% 0.54% Instrumentality Securities 11,496,767 $ 11.9% 2.72% 10,748,119 $ 13.1% 2.36% 9,984,055 $ 13.8% 1.27% 10,891,851 $ 14.0% 0.95% 11,004,000 $ 11.7% 0.96% 11,081,069 $ 13.4% 0.95% Corporate Notes 10,100,915 $ 10.5% 2.41% 11,251,043 $ 13.7% 1.46% 12,590,810 $ 17.4% 0.92% 13,054,253 $ 16.7% 0.90% 13,224,805 $ 14.0% 0.90% 13,449,548 $ 16.3% 0.69% Asset Backed 3,048,660 $ 3.2% 4.86% 1,862,018 $ 2.3% 5.02% - $ 0.0% 0.00% - $ 0.0% 0.00% - $ 0.0% 0.00% - $ 0.0% 0.00% Negotiable CD 373,787 $ 0.4% 5.34% 375,224 $ 0.5% 5.34% - $ 0.0% 0.00% - $ 0.0% 0.00% - $ 0.0% 0.00% - $ 0.0% 0.00% Collateralized Mortgage Obligations (CMO) 3,185,252 $ 3.3% 4.57% - $ 0.0% 0.00% - $ 0.0% 0.00% - $ 0.0% 0.00% - $ 0.0% 0.00% - $ 0.0% 0.00% Municipal/Assessment District 1,075,200 $ 1.1% 5.25% 1,075,200 $ 1.3% 5.25% 1,075,200 $ 1.5% 5.25% 1,075,200 $ 1.4% 5.25% 1,159,300 $ 1.2% 5.25% 1,159,300 $ 1.4% 5.25% Total Portfolio Assets 96,362,087 $ 82,083,170 $ 72,517,693 $ 78,031,850 $ 94,332,045 $ 82,497,826 $ Weighted Average Yield 3.00% 2.47% 1.66% 1.30% 0.90% 0.61% Years Years Years Years Years Years
Effective Average Duration - Total 0.76 0.80 0.69 0.79 0.69 0.85 Weighted Average Maturity - Total 0.89 0.71 0.84 0.87 0.76 0.94 Performance Recap
-The weighted average quarterly portfolio yield increased from 2.47% to 3.0% during the past quarter. Yields are rising as the Federal Reserve increases interest rates to combat inflation. -The effective average duration decreased, from 0.80 to 0.76 years since last quarter, this is a result of the decrease in effective average duration of the City's externally managed portfolio. -The total portfolio assets increased by approximately $14.2 million during the quarter. This is reflective of fluctuations in the timing of revenues received by the City, particularly property taxes, the majority of which are received biannually.

June 30, 2023 December 31, 2022
City of San Rafael
Historical Activity-By Quarter
March 31, 2023 September 30, 2022 June 30, 2022 March 31, 2022 W:\Accounting and Budgeting\Finance\Bank Reconciliations\Statements\22-23\12 - June 23\Chandler-Quarterly Report combined 06-30-23

MONTHLY ACCOUNT STATEMENT
City of San Rafael - Account #11045
APRIL 1, 2023 THROUGH APRIL 30, 2023
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.

CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian
US Bank
Alexander Bazan
(503) 402-5305

ACCOUNT SUMMARY
Beg. Values
as of 3/31/23
End Values
as of 4/30/23
Market Value 44,363,095 44,474,590
Accrued Interest 176,617 229,355
Total Market Value 44,539,712 44,703,945
Income Earned 74,144 77,677
Cont/WD -3,620
Par 45,417,302 45,490,127
Book Value 45,281,141 45,273,273
Cost Value 45,672,423 45,617,969

TOP ISSUERS
Government of United States 38.6%
Federal Home Loan Bank 9.9%
Federal National Mortgage Assoc 7.7%
Federal Farm Credit Bank 6.5%
First American Treasury MMF Cla 3.6%
Toyota Motor Corp 2.6%
Caterpillar Inc 2.3%
Honda Motor Corporation 2.3%
Total 73.5%

PORTFOLIO CHARACTERISTICS
Average Modified Duration 1.35
Average Coupon 2.34%
Average Purchase YTM 2.21%
Average Market YTM 4.65%
Average S&P/Moody Rating AA/Aa1
Average Final Maturity 1.60 yrs
Average Life 1.54 yrs

SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (S&P) Portfolio Summary
As of April 30, 2023
City of San Rafael
Account #11045

PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS 1/1/1900 City of San Rafael 0.38% 1.23% N/A N/A N/A N/A N/A N/A N/A ICE BofA 1-3 Yr US Treasury & Agency Index 0.26% 1.12% 1.81% 0.93% -1.23% -0.74% 1.19% 0.83% N/A Chandler Asset Management - CONFIDENTIAL Page 1 Execution Time: 5/1/2023 11:48:42 PM Holdings Report
As of April 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
05593AAC3 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025
435,000.00 Various

5.11%
435,745.64
435,672.92
100.15

5.11%
435,656.42
374.10

0.98%
(16.50)
Aaa / AAA
NR

2.58 1.43
43815JAC7 Honda Auto Receivables Owner 2023-1
A3

5.04% Due 4/21/2027
120,000.00 02/16/2023

5.10%
119,977.70
119,978.98
100.74

4.72%
120,890.16
168.00

0.27%
911.18
Aaa / NR
AAA

3.98 1.97
02582JJT8 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027
600,000.00 04/17/2023

4.65%
585,632.81
585,860.56

97.81 4.56%
586,871.40
904.00

1.31%
1,010.84

NR / AAA
AAA

4.05 1.92
58768PAC8 Mercedes-Benz Auto Receivables 2022-
1 A3

5.21% Due 8/16/2027
260,000.00 02/15/2023

5.02%
261,340.63
261,257.90
100.96

4.72%
262,490.54
602.04

0.59%
1,232.64
Aaa / AAA
NR

4.30 1.73
89239HAD0 Toyota Auto Receivables Owner 20222-
D A3

5.3% Due 9/15/2027
350,000.00 02/10/2023

4.82%
354,128.91
353,864.33
101.40

4.69%
354,900.35
824.44

0.80%
1,036.02
Aaa / NR
AAA

4.38 2.09
47800CAC0 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
880,000.00 Various

4.95%
882,243.24
882,221.47
101.28

4.40%
891,276.32
1,959.46

2.00%
9,054.85
Aaa / NR
AAA

4.55 1.92
05522RDF2 Bank of America Credit Card Tr 2022-A2
A2
5% Due 4/15/2028
440,000.00 04/18/2023

4.59%
444,812.50
444,756.18
101.36

4.47%
445,980.04
977.78

1.00%
1,223.86
Aaa / AAA
NR

4.96 2.33
Total ABS 3,085,000.00 4.86%
3,083,881.43
3,083,612.34 4.61%
3,098,065.23
5,809.82

6.94%
14,452.89
Aaa / AAA
AAA

4.17 1.92
AGENCY
3135G0U43 FNMA Note

2.875% Due 9/12/2023
1,000,000.00 09/26/2019

1.63%
1,047,553.22
1,004,403.68

99.23 4.99%
992,331.00
3,913.19

2.23%
(12,072.68)
Aaa / AA+
AAA

0.37 0.36
3135G0V34 FNMA Note

2.5% Due 2/5/2024
600,000.00 10/24/2019

1.64%
621,262.80
603,804.21

98.13 5.03%
588,756.60
3,583.33

1.33%
(15,047.61)
Aaa / AA+
AAA

0.77 0.74
3133EMWV0 FFCB Note

0.35% Due 4/22/2024
1,000,000.00 05/03/2021

0.35%
1,000,000.00
1,000,000.00

95.96 4.63%
959,578.00

87.50 2.15%
(40,422.00)
Aaa / AA+
AAA

0.98 0.95
3130AMQQ8 FHLB Callable Note Qtrly 12/23/2021

0.35% Due 4/23/2024
1,000,000.00 06/23/2021

0.35%
1,000,000.00
1,000,000.00

95.46 5.15%
954,646.00
1,244.44

2.14%
(45,354.00)
Aaa / AA+
NR

0.98 0.95
3136G46B4 FNMA Callable Note Qtrly 01/26/2024

0.35% Due 4/26/2024
1,200,000.00 10/30/2020

0.36%
1,199,700.00
1,199,914.99

95.43 5.14%
1,145,208.00

58.33 2.56%
(54,706.99)
Aaa / AA+
AAA

0.99 0.96
3133EMYR7 FFCB Callable Note Cont 5/6/2022

0.375% Due 5/6/2024
1,000,000.00 05/06/2021

0.38%
1,000,000.00
1,000,000.00

95.34 5.13%
953,449.00
1,822.92

2.14%
(46,551.00)
Aaa / AA+
AAA

1.02 0.99
Chandler Asset Management - CONFIDENTIAL Page 2 Execution Time: 5/1/2023 11:48:42 PM Holdings Report
As of April 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
AGENCY
3135G0V75 FNMA Note

1.75% Due 7/2/2024
750,000.00 11/05/2019

1.65%
753,426.75
750,862.23

96.80 4.58%
725,984.25
4,338.54

1.63%
(24,877.98)
Aaa / AA+
AAA

1.18 1.13
3133EPBF1 FFCB Note

4.875% Due 8/21/2024
1,000,000.00 02/15/2023

4.98%
998,490.00
998,680.48
100.11

4.78%
1,001,106.00
9,479.17

2.26%
2,425.52
Aaa / AA+
AAA

1.31 1.24
3130AV7L0 FHLB Note
5% Due 2/28/2025
1,100,000.00 03/02/2023

5.07%
1,098,548.00
1,098,665.68
101.28

4.26%
1,114,087.70
8,861.11

2.51%
15,422.02
Aaa / AA+
AAA

1.84 1.72
3130ATHT7 FHLB Note

4.375% Due 9/12/2025
1,300,000.00 10/06/2022

4.29%
1,303,159.00
1,302,549.01
100.69

4.06%
1,308,962.20
7,741.32

2.95%
6,413.19
Aaa / AA+
NR

2.37 2.22
3130ATUC9 FHLB Note

4.5% Due 12/12/2025
1,000,000.00 02/13/2023

4.32%
1,004,720.00
1,004,372.40
100.84

4.15%
1,008,446.00
22,250.00

2.31%
4,073.60
Aaa / AA+
NR

2.62 2.40
Total Agency 10,950,000.00 2.36%
11,026,859.77
10,963,252.68 4.69%
10,752,554.75
63,379.85

24.19%
(210,697.93)
Aaa / AA+
AAA

1.38 1.30

CORPORATE
037833AK6 Apple Inc Note

2.4% Due 5/3/2023
500,000.00 09/19/2019

2.00%
506,880.00
500,010.41

99.96 6.76%
499,815.00
5,933.33

1.13%
(195.41)
Aaa / AA+
NR

0.01 0.01
02665WDH1 American Honda Finance Note

1.95% Due 5/10/2023
1,000,000.00 05/05/2021

0.38%
1,031,510.00
1,000,385.84

99.93 4.29%
999,341.00
9,262.50

2.26%
(1,044.84)
A3 / AA0.03

0.03 89236THA6 Toyota Motor Credit Corp Note

1.35% Due 8/25/2023
700,000.00 04/23/2021

0.43%
714,959.00
702,031.90

98.82 5.08%
691,764.50
1,732.50

1.55%
(10,267.40)
A1 / A+
A+

0.32 0.31
14912L5X5 Caterpillar Finance Serv Corp Note

3.75% Due 11/24/2023
1,000,000.00 05/05/2021

0.35%
1,086,390.00
1,019,166.91

99.25 5.10%
992,537.00
16,354.17

2.26%
(26,629.91)
A2 / A
A

0.57 0.54
89236THU2 Toyota Motor Credit Corp Note

0.45% Due 1/11/2024
480,000.00 09/27/2021

0.51%
479,342.40
479,799.42

96.91 5.02%
465,144.00
660.00

1.04%
(14,655.42)
A1 / A+
A+

0.70 0.68
24422EVN6 John Deere Capital Corp Note

0.45% Due 1/17/2024
1,000,000.00 05/05/2021

0.40%
1,001,230.00
1,000,325.26

96.77 5.11%
967,728.00
1,300.00

2.17%
(32,597.26)
A2 / A
A+

0.72 0.69
693475AV7 PNC Financial Services Callable Note
Cont 12/23/2023

3.5% Due 1/23/2024
900,000.00 07/29/2019

1.99%
957,939.00
909,438.51

98.52 5.59%
886,660.20
8,575.00

2.00%
(22,778.31)
A3 / AA0.73

0.70 17325FAS7 Citibank Callable Note Cont 12/23/2023

3.65% Due 1/23/2024
500,000.00 05/19/2021

0.53%
541,470.00
511,310.00

98.87 5.24%
494,362.00
4,968.06

1.12%
(16,948.00)
Aa3 / A+
A+

0.73 0.70
Chandler Asset Management - CONFIDENTIAL Page 3 Execution Time: 5/1/2023 11:48:42 PM Holdings Report
As of April 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
91159HHV5 US Bancorp Callable Note Cont
1/5/2024

3.375% Due 2/5/2024
1,000,000.00 05/04/2021

0.48%
1,079,130.00
1,022,002.38

98.40 5.54%
983,969.00
8,062.50

2.22%
(38,033.38)
A3 / A+
A+

0.77 0.74
713448CM8 Pepsico Inc. Callable Note Cont
12/01/2023

3.6% Due 3/1/2024
500,000.00 06/23/2021

0.78%
537,465.00
511,636.28

98.95 4.89%
494,748.00
3,000.00

1.11%
(16,888.28)
A1 / A+
NR

0.84 0.81
717081DM2 Pfizer Inc. Note

3.4% Due 5/15/2024
500,000.00 09/27/2021

0.55%
537,160.00
514,693.86

98.57 4.82%
492,846.00
7,838.89

1.12%
(21,847.86)
A1 / A+
A

1.04 0.99
166764BW9 Chevron Corp Callable Note Cont
4/11/2025

1.554% Due 5/11/2025
700,000.00 05/12/2022

3.20%
667,380.00
677,925.64

94.54 4.40%
661,754.10
5,136.83

1.49%
(16,171.54)
Aa2 / AANR2.03

1.95 46647PBH8 JP Morgan Chase & Co Callable Note
Mthly 3/13/2025

2.005% Due 3/13/2026
600,000.00 04/05/2022

4.12%
577,518.00
583,630.98

94.30 5.24%
565,815.60
1,604.00

1.27%
(17,815.38)
A1 / AAA2.87

1.79 69371RS49 Paccar Financial Corp Note

4.45% Due 3/30/2026
600,000.00 03/28/2023

4.47%
599,634.00
599,644.69
100.45

4.28%
602,719.20
2,299.17

1.35%
3,074.51
A1 / A+
NR

2.92 2.70
00440EAV9 Chubb INA Holdings Inc Callable Note
Cont 2/3/2026

3.35% Due 5/3/2026
500,000.00 03/09/2023

5.09%
475,060.00
476,125.44

97.84 4.12%
489,185.50
8,281.94

1.11%
13,060.06
A3 / A
A

3.01 2.78
06406RBQ9 Bank of NY Mellon Corp Callable Note
Cont 4/26/2026

4.947% Due 4/26/2027
350,000.00 04/19/2023

5.14%
350,497.00
350,495.30
100.72

4.68%
352,528.40
240.48

0.79%
2,033.10
A1 / A
AA3.992.75
74456QBS4 Public Service El & Gas Callable Note
Cont 2/15/2027
3% Due 5/15/2027
337,000.00 04/18/2023

4.48%
318,673.94
318,809.60

95.36 4.26%
321,376.68
4,661.83

0.73%
2,567.08
A1 / A
NR

4.04 3.70
756109AU8 Realty Income Corp Callable Note Cont
10/15/2027

3.65% Due 1/15/2028
500,000.00 04/10/2023

4.87%
474,240.00
474,521.45

95.67 4.68%
478,366.50
5,373.61

1.08%
3,845.05
A3 / ANR4.72

4.21 Total Corporate 11,667,000.00 1.82%
11,936,478.34
11,651,953.87 4.99%
11,440,660.68
95,284.81

25.81%
(211,293.19)
A1 / A
A+

1.37 1.21
Chandler Asset Management - CONFIDENTIAL Page 4 Execution Time: 5/1/2023 11:48:42 PM Holdings Report
As of April 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

MONEY MARKET FUND
31846V807 First American Treasury MMF Class Y 1,613,127.05 Various

4.44%
1,613,127.05
1,613,127.05

1.00 4.44%
1,613,127.05

0.00 3.61%

0.00 Aaa / AA+
AAA

0.00 0.00
Total Money Market Fund 1,613,127.05 4.44%
1,613,127.05
1,613,127.05 4.44%
1,613,127.05

0.00 3.61%

0.00 Aaa / AA+
AAA

0.00 0.00

NEGOTIABLE CD
96130ASC3 Westpac Banking Corp NY Yankee CD

5.38% Due 2/16/2024
375,000.00 02/16/2023

5.34%
375,141.03
375,112.75

99.96 5.37%
374,856.38
4,147.08

0.85%
(256.37)
P-1 / A-1+
F-1

0.80 0.78
Total Negotiable CD 375,000.00 5.34%
375,141.03
375,112.75 5.37%
374,856.38
4,147.08

0.85%
(256.37)
P-1 / A-1+
F-1

0.80 0.78

US TREASURY
91282CCK5 US Treasury Note

0.125% Due 6/30/2023
800,000.00 01/13/2022

0.74%
792,846.43
799,194.72

99.21 4.86%
793,671.20
334.25

1.78%
(5,523.52)
Aaa / AA+
AAA

0.17 0.17
91282CCN9 US Treasury Note

0.125% Due 7/31/2023
1,000,000.00 01/13/2022

0.79%
989,808.04
998,355.55

98.78 4.98%
987,813.00
310.77

2.21%
(10,542.55)
Aaa / AA+
AAA

0.25 0.25
9128282D1 US Treasury Note

1.375% Due 8/31/2023
1,250,000.00 12/23/2021

0.61%
1,265,970.98
1,253,163.08

98.78 5.07%
1,234,766.25
2,895.72

2.77%
(18,396.83)
Aaa / AA+
AAA

0.34 0.33
91282CAW1 US Treasury Note

0.25% Due 11/15/2023
1,000,000.00 05/03/2021

0.25%
1,000,120.54
1,000,025.77

97.52 4.96%
975,156.00
1,153.31

2.18%
(24,869.77)
Aaa / AA+
AAA

0.55 0.53
912828U57 US Treasury Note

2.125% Due 11/30/2023
650,000.00 10/31/2019

1.67%
661,529.52
651,647.07

98.38 4.97%
639,437.50
5,767.86

1.44%
(12,209.57)
Aaa / AA+
AAA

0.59 0.57
91282CBA8 US Treasury Note

0.125% Due 12/15/2023
1,200,000.00 10/07/2021

0.33%
1,194,566.52
1,198,449.52

97.11 4.87%
1,165,312.80
564.56

2.61%
(33,136.72)
Aaa / AA+
AAA

0.63 0.61
91282CBV2 US Treasury Note

0.375% Due 4/15/2024
1,000,000.00 05/03/2021

0.33%
1,001,175.22
1,000,381.56

95.87 4.84%
958,672.00
163.93

2.14%
(41,709.56)
Aaa / AA+
AAA

0.96 0.94
91282CCC3 US Treasury Note

0.25% Due 5/15/2024
1,000,000.00 05/17/2021

0.35%
996,878.35
998,915.70

95.43 4.81%
954,258.00
1,153.31

2.14%
(44,657.70)
Aaa / AA+
AAA

1.04 1.02
Chandler Asset Management - CONFIDENTIAL Page 5 Execution Time: 5/1/2023 11:48:42 PM Holdings Report
As of April 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
912828D56 US Treasury Note

2.375% Due 8/15/2024
1,000,000.00 12/28/2021

0.91%
1,038,011.16
1,018,669.37

97.30 4.54%
972,969.00
4,920.58

2.19%
(45,700.37)
Aaa / AA+
AAA

1.30 1.25
9128282Y5 US Treasury Note

2.125% Due 9/30/2024
1,000,000.00 08/25/2021

0.44%
1,051,800.23
1,023,703.64

96.89 4.41%
968,906.00
1,799.86

2.17%
(54,797.64)
Aaa / AA+
AAA

1.42 1.37
912828YM6 US Treasury Note

1.5% Due 10/31/2024
1,000,000.00 12/28/2021

0.97%
1,014,925.23
1,007,893.98

95.84 4.39%
958,438.00

40.76 2.14%
(49,455.98)
Aaa / AA+
AAA

1.51 1.46
912828YV6 US Treasury Note

1.5% Due 11/30/2024
700,000.00 09/10/2021

0.48%
722,889.06
711,259.78

95.75 4.30%
670,222.70
4,384.62

1.51%
(41,037.08)
Aaa / AA+
AAA

1.59 1.53
91282CAJ0 US Treasury Note

0.25% Due 8/31/2025
1,200,000.00 06/30/2022

3.15%
1,095,937.50
1,123,346.02

91.89 3.92%
1,102,734.00
505.43

2.47%
(20,612.02)
Aaa / AA+
AAA

2.34 2.28
91282CAM3 US Treasury Note

0.25% Due 9/30/2025
500,000.00 07/15/2022

3.12%
456,445.31
467,213.31

91.81 3.83%
459,062.50
105.87

1.03%
(8,150.81)
Aaa / AA+
AAA

2.42 2.37
9128285N6 US Treasury Note

2.875% Due 11/30/2025
500,000.00 07/15/2022

3.11%
496,212.61
497,102.68

97.61 3.85%
488,047.00
6,002.75

1.11%
(9,055.68)
Aaa / AA+
AAA

2.59 2.43
91282CGE5 US Treasury Note

3.875% Due 1/15/2026
1,000,000.00 02/06/2023

4.13%
992,929.69
993,476.60
100.16

3.81%
1,001,602.00
11,346.69

2.27%
8,125.40
Aaa / AA+
AAA

2.72 2.52
91282CBQ3 US Treasury Note

0.5% Due 2/28/2026
500,000.00 07/15/2022

3.09%
455,839.84
465,512.38

91.29 3.77%
456,445.50
421.20

1.02%
(9,066.88)
Aaa / AA+
AAA

2.84 2.76
91282CBW0 US Treasury Note

0.75% Due 4/30/2026
500,000.00 09/30/2022

4.17%
443,595.43
452,780.58

91.61 3.73%
458,047.00

10.19 1.02%
5,266.42
Aaa / AA+
AAA

3.00 2.92
9128286X3 US Treasury Note

2.125% Due 5/31/2026
500,000.00 09/30/2022

4.14%
465,958.71
471,373.79

95.38 3.72%
476,914.00
4,436.81

1.08%
5,540.21
Aaa / AA+
AAA

3.09 2.92
91282CCJ8 US Treasury Note

0.875% Due 6/30/2026
500,000.00 09/30/2022

4.15%
443,595.43
452,371.31

91.69 3.68%
458,437.50
1,462.36

1.03%
6,066.19
Aaa / AA+
AAA

3.17 3.06
91282CGC9 US Treasury Note

3.875% Due 12/31/2027
1,000,000.00 02/06/2023

3.84%
1,001,445.31
1,001,378.22
101.44

3.54%
1,014,414.00
12,952.35

2.30%
13,035.78
Aaa / AA+
AAA

4.67 4.19
Total US Treasury 17,800,000.00 1.64%
17,582,481.11
17,586,214.63 4.42%
17,195,325.95
60,733.18

38.60%
(390,888.68)
Aaa / AA+
AAA

1.60 1.52
TOTAL PORTFOLIO 45,490,127.05 2.21%
45,617,968.73
45,273,273.32 4.65%
44,474,590.04
229,354.74
100.00%
(798,683.28)
Aa1 / AA
AAA

1.60 1.35
TOTAL MARKET VALUE PLUS ACCRUED 44,703,944.78
Chandler Asset Management - CONFIDENTIAL Page 6 Execution Time: 5/1/2023 11:48:42 PM Transaction Ledger
As of April 30, 2023
City of San Rafael
Account #11045
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 04/03/2023 31846V807 496,001.81 First American Treasury MMF Class Y 1.000 4.40% 496,001.81 0.00 496,001.81 0.00 Purchase 04/03/2023 31846V807 5,628.73 First American Treasury MMF Class Y 1.000 4.40% 5,628.73 0.00 5,628.73 0.00 Purchase 04/12/2023 756109AU8 500,000.00 Realty Income Corp Callable Note Cont 10/15/2027

3.65% Due 1/15/2028

94.848 4.87% 474,240.00 4,410.42 478,650.42 0.00
Purchase 04/15/2023 31846V807 1,875.00 First American Treasury MMF Class Y 1.000 4.40% 1,875.00 0.00 1,875.00 0.00 Purchase 04/17/2023 31846V807 4,069.24 First American Treasury MMF Class Y 1.000 4.40% 4,069.24 0.00 4,069.24 0.00 Purchase 04/17/2023 31846V807 1,128.83 First American Treasury MMF Class Y 1.000 4.40% 1,128.83 0.00 1,128.83 0.00 Purchase 04/17/2023 31846V807 1,545.83 First American Treasury MMF Class Y 1.000 4.40% 1,545.83 0.00 1,545.83 0.00 Purchase 04/19/2023 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

97.605 4.65% 585,632.81 226.00 585,858.81 0.00
Purchase 04/19/2023 47800CAC0 200,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
101.020 4.60% 202,039.06 111.33 202,150.39 0.00
Purchase 04/20/2023 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2
5% Due 4/15/2028
101.094 4.59% 444,812.50 305.56 445,118.06 0.00
Purchase 04/20/2023 74456QBS4 337,000.00 Public Service El & Gas Callable Note Cont 2/15/2027
3% Due 5/15/2027

94.562 4.48% 318,673.94 4,352.92 323,026.86 0.00
Purchase 04/21/2023 31846V807 504.00 First American Treasury MMF Class Y 1.000 4.40% 504.00 0.00 504.00 0.00 Purchase 04/22/2023 31846V807 1,750.00 First American Treasury MMF Class Y 1.000 4.40% 1,750.00 0.00 1,750.00 0.00 Purchase 04/23/2023 31846V807 8,897.50 First American Treasury MMF Class Y 1.000 4.40% 8,897.50 0.00 8,897.50 0.00 Purchase 04/23/2023 31846V807 500,000.00 First American Treasury MMF Class Y 1.000 4.40% 500,000.00 0.00 500,000.00 0.00 Purchase 04/25/2023 31846V807 1,870.50 First American Treasury MMF Class Y 1.000 4.40% 1,870.50 0.00 1,870.50 0.00 Purchase 04/26/2023 06406RBQ9 350,000.00 Bank of NY Mellon Corp Callable Note Cont 4/26/2026

4.947% Due 4/26/2027
100.142 4.90% 350,497.00 0.00 350,497.00 0.00
Purchase 04/26/2023 31846V807 2,100.00 First American Treasury MMF Class Y 1.000 4.40% 2,100.00 0.00 2,100.00 0.00 Chandler Asset Management - CONFIDENTIAL Page 7 Execution Time: 5/1/2023 11:48:42 PM Transaction Ledger
As of April 30, 2023
City of San Rafael
Account #11045
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 04/30/2023 31846V807 9,375.00 First American Treasury MMF Class Y 1.000 4.44% 9,375.00 0.00 9,375.00 0.00 Subtotal 3,461,746.44 3,410,641.75 9,406.23 3,420,047.98 0.00 TOTAL ACQUISITIONS 3,461,746.44 3,410,641.75 9,406.23 3,420,047.98 0.00

DISPOSITIONS
Sale 04/03/2023 88579YBB6 500,000.00 3M Co. Callable Note Cont 1/14/2024

3.25% Due 2/14/2024

98.758 4.73% 493,790.00 2,211.81 496,001.81 -18,383.44
Sale 04/12/2023 31846V807 478,650.42 First American Treasury MMF Class Y 1.000 4.40% 478,650.42 0.00 478,650.42 0.00 Sale 04/19/2023 31846V807 788,009.20 First American Treasury MMF Class Y 1.000 4.40% 788,009.20 0.00 788,009.20 0.00 Sale 04/20/2023 31846V807 768,144.92 First American Treasury MMF Class Y 1.000 4.40% 768,144.92 0.00 768,144.92 0.00 Sale 04/26/2023 31846V807 350,497.00 First American Treasury MMF Class Y 1.000 4.40% 350,497.00 0.00 350,497.00 0.00 Subtotal 2,885,301.54 2,879,091.54 2,211.81 2,881,303.35 -18,383.44 Call 04/23/2023 46647PAP1 500,000.00 JP Morgan Chase & Co Callable Note 1X 4/23/2023Due 4/23/2024
100.000 5.23% 500,000.00 0.00 500,000.00 -10,803.31
Subtotal 500,000.00 500,000.00 0.00 500,000.00 -10,803.31 Paydown 04/17/2023 47800CAC0 0.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
100.000 0.00 4,069.24 4,069.24 0.00
Paydown 04/17/2023 58768PAC8 0.00 Mercedes-Benz Auto Receivables 2022- 1 A3

5.21% Due 8/16/2027
100.000 0.00 1,128.83 1,128.83 0.00
Paydown 04/17/2023 89239HAD0 0.00 Toyota Auto Receivables Owner 20222- D A3

5.3% Due 9/15/2027
100.000 0.00 1,545.83 1,545.83 0.00
Paydown 04/21/2023 43815JAC7 0.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027
100.000 0.00 504.00 504.00 0.00
Chandler Asset Management - CONFIDENTIAL Page 8 Execution Time: 5/1/2023 11:48:42 PM Transaction Ledger
As of April 30, 2023
City of San Rafael
Account #11045
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

DISPOSITIONS
Paydown 04/25/2023 05593AAC3 0.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025
100.000 0.00 1,870.50 1,870.50 0.00
Subtotal 0.00 0.00 9,118.40 9,118.40 0.00
Security
Withdrawal
04/17/2023 31846V807 3,369.94 First American Treasury MMF Class Y 1.000 3,369.94 0.00 3,369.94 0.00 Security
Withdrawal
04/26/2023 31846V807 250.00 First American Treasury MMF Class Y 1.000 250.00 0.00 250.00 0.00 Subtotal 3,619.94 3,619.94 0.00 3,619.94 0.00
TOTAL DISPOSITIONS 3,388,921.48 3,382,711.48 11,330.21 3,394,041.69 -29,186.75

OTHER TRANSACTIONS
Interest 04/15/2023 91282CBV2 1,000,000.00 US Treasury Note

0.375% Due 4/15/2024

0.000 1,875.00 0.00 1,875.00 0.00
Interest 04/22/2023 3133EMWV0 1,000,000.00 FFCB Note

0.35% Due 4/22/2024

0.000 1,750.00 0.00 1,750.00 0.00
Interest 04/23/2023 46647PAP1 500,000.00 JP Morgan Chase & Co Callable Note 1X 4/23/2023Due 4/23/2024

0.000 8,897.50 0.00 8,897.50 0.00
Interest 04/26/2023 3136G46B4 1,200,000.00 FNMA Callable Note Qtrly 01/26/2024

0.35% Due 4/26/2024

0.000 2,100.00 0.00 2,100.00 0.00
Interest 04/30/2023 912828YM6 1,000,000.00 US Treasury Note

1.5% Due 10/31/2024

0.000 7,500.00 0.00 7,500.00 0.00
Interest 04/30/2023 91282CBW0 500,000.00 US Treasury Note

0.75% Due 4/30/2026

0.000 1,875.00 0.00 1,875.00 0.00
Subtotal 5,200,000.00 23,997.50 0.00 23,997.50 0.00
Dividend 04/03/2023 31846V807 3,463,303.90 First American Treasury MMF Class Y 0.000 5,628.73 0.00 5,628.73 0.00 Subtotal 3,463,303.90 5,628.73 0.00 5,628.73 0.00
TOTAL OTHER TRANSACTIONS 8,663,303.90 29,626.23 0.00 29,626.23 0.00 Chandler Asset Management - CONFIDENTIAL Page 9 Execution Time: 5/1/2023 11:48:42 PM Income Earned
As of April 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

FIXED INCOME
00440EAV9 Chubb INA Holdings Inc
Callable Note Cont 2/3/2026

3.35% Due 05/03/2026
03/09/2023
03/13/2023
500,000.00
475,473.13

0.00 0.00
476,125.44
6,886.11

0.00 8,281.94
1,395.83
652.31

0.00 652.31
2,048.14
2,048.14
02582JJT8 American Express Credit Trust
2022-2 A

3.39% Due 05/17/2027
04/17/2023
04/19/2023
600,000.00

0.00 585,632.81

0.00 585,860.56

0.00 (226.00)
904.00
678.00
227.75

0.00 227.75
905.75
905.75
02665WDH1 American Honda Finance
Note

1.95% Due 05/10/2023
05/05/2021
05/05/2021
1,000,000.00
1,001,671.96

0.00 0.00
1,000,385.84
7,637.50

0.00 9,262.50
1,625.00

0.00 1,286.12
(1,286.12)
338.88
338.88
037833AK6 Apple Inc
Note

2.4% Due 05/03/2023
09/19/2019
09/19/2019
500,000.00
500,166.54

0.00 0.00
500,010.41
4,933.33

0.00 5,933.33
1,000.00

0.00 156.13
(156.13)
843.87
843.87
05522RDF2 Bank of America Credit Card Tr
2022-A2 A2
5% Due 04/15/2028
04/18/2023
04/20/2023
440,000.00

0.00 444,812.50

0.00 444,756.18

0.00 (305.56)
977.78
672.22

0.00 56.32
(56.32)
615.90
615.90
05593AAC3 BMW Vehicle Lease Trust
2023-1 A3

5.16% Due 11/25/2025
Various
02/15/2023
435,000.00
435,702.00

0.00 0.00
435,672.92
374.10
1,870.50
374.10
1,870.50

0.06 29.14
(29.08)
1,841.42
1,841.42
06406RBQ9 Bank of NY Mellon Corp
Callable Note Cont 4/26/2026

4.947% Due 04/26/2027
04/19/2023
04/26/2023
350,000.00

0.00 350,497.00

0.00 350,495.30

0.00 0.00
240.48
240.48

0.00 1.70
(1.70)
238.78
238.78
14912L5X5 Caterpillar Finance Serv Corp
Note

3.75% Due 11/24/2023
05/05/2021
05/05/2021
1,000,000.00
1,021,944.73

0.00 0.00
1,019,166.91
13,229.17

0.00 16,354.17
3,125.00

0.00 2,777.82
(2,777.82)
347.18
347.18
166764BW9 Chevron Corp
Callable Note Cont 4/11/2025

1.554% Due 05/11/2025
05/12/2022
05/12/2022
700,000.00
677,031.95

0.00 0.00
677,925.64
4,230.33

0.00 5,136.83
906.50
893.69

0.00 893.69
1,800.19
1,800.19
Chandler Asset Management - CONFIDENTIAL Page 10 Execution Time: 5/1/2023 11:48:42 PM Income Earned
As of April 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
17325FAS7 Citibank
Callable Note Cont 12/23/2023

3.65% Due 01/23/2024
05/19/2021
05/19/2021
500,000.00
512,580.79

0.00 0.00
511,310.00
3,447.22

0.00 4,968.06
1,520.84

0.00 1,270.79
(1,270.79)
250.05
250.05
24422EVN6 John Deere Capital Corp
Note

0.45% Due 01/17/2024
05/05/2021
05/05/2021
1,000,000.00
1,000,362.64

0.00 0.00
1,000,325.26
925.00

0.00 1,300.00
375.00

0.00 37.38
(37.38)
337.62
337.62
3130AMQQ8 FHLB
Callable Note Qtrly 12/23/2021

0.35% Due 04/23/2024
06/23/2021
06/23/2021
1,000,000.00
1,000,000.00

0.00 0.00
1,000,000.00
952.78

0.00 1,244.44
291.66

0.00 0.00

0.00 291.66
291.66
3130ATHT7 FHLB
Note

4.375% Due 09/12/2025
10/06/2022
10/06/2022
1,300,000.00
1,302,637.41

0.00 0.00
1,302,549.01
3,001.74

0.00 7,741.32
4,739.58

0.00 88.40
(88.40)
4,651.18
4,651.18
3130ATUC9 FHLB
Note

4.5% Due 12/12/2025
02/13/2023
02/14/2023
1,000,000.00
1,004,509.61

0.00 0.00
1,004,372.40
18,500.00

0.00 22,250.00
3,750.00

0.00 137.21
(137.21)
3,612.79
3,612.79
3130AV7L0 FHLB
Note
5% Due 02/28/2025
03/02/2023
03/03/2023
1,100,000.00
1,098,605.84

0.00 0.00
1,098,665.68
4,277.78

0.00 8,861.11
4,583.33

59.84 0.00

59.84 4,643.17
4,643.17
3133EMWV0 FFCB
Note

0.35% Due 04/22/2024
05/03/2021
05/03/2021
1,000,000.00
1,000,000.00

0.00 0.00
1,000,000.00
1,545.83
1,750.00

87.50 291.67

0.00 0.00

0.00 291.67
291.67
3133EMYR7 FFCB
Callable Note Cont 5/6/2022

0.375% Due 05/06/2024
05/06/2021
05/06/2021
1,000,000.00
1,000,000.00

0.00 0.00
1,000,000.00
1,510.42

0.00 1,822.92
312.50

0.00 0.00

0.00 312.50
312.50
3133EPBF1 FFCB
Note

4.875% Due 08/21/2024
02/15/2023
02/21/2023
1,000,000.00
998,597.66

0.00 0.00
998,680.48
5,416.67

0.00 9,479.17
4,062.50

82.82 0.00

82.82 4,145.32
4,145.32
Chandler Asset Management - CONFIDENTIAL Page 11 Execution Time: 5/1/2023 11:48:42 PM Income Earned
As of April 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3135G0U43 FNMA
Note

2.875% Due 09/12/2023
09/26/2019
09/26/2019
1,000,000.00
1,005,389.58

0.00 0.00
1,004,403.68
1,517.36

0.00 3,913.19
2,395.83

0.00 985.90
(985.90)
1,409.93
1,409.93
3135G0V34 FNMA
Note

2.5% Due 02/05/2024
10/24/2019
10/24/2019
600,000.00
604,211.80

0.00 0.00
603,804.21
2,333.33

0.00 3,583.33
1,250.00

0.00 407.59
(407.59)
842.41
842.41
3135G0V75 FNMA
Note

1.75% Due 07/02/2024
11/05/2019
11/05/2019
750,000.00
750,922.66

0.00 0.00
750,862.23
3,244.79

0.00 4,338.54
1,093.75

0.00 60.43
(60.43)
1,033.32
1,033.32
3136G46B4 FNMA
Callable Note Qtrly 01/26/2024

0.35% Due 04/26/2024
10/30/2020
10/30/2020
1,200,000.00
1,199,907.93

0.00 0.00
1,199,914.99
1,808.33
2,100.00

58.33 350.00

7.06 0.00

7.06 357.06
357.06
43815JAC7 Honda Auto Receivables Owner
2023-1 A3

5.04% Due 04/21/2027
02/16/2023
02/24/2023
120,000.00
119,978.40

0.00 0.00
119,978.98
168.00
504.00
168.00
504.00

0.58 0.00

0.58 504.58
504.58
46647PAP1 JP Morgan Chase & Co
Callable Note 1X 4/23/2023
Due 04/23/2024
02/18/2021
02/18/2021

0.00 511,452.69

0.00 510,803.31

0.00 7,810.03
8,897.50

0.00 1,087.47

0.00 649.38
(649.38)
438.09
438.09
46647PBH8 JP Morgan Chase & Co
Callable Note Mthly 3/13/2025

2.005% Due 03/13/2026
04/05/2022
04/05/2022
600,000.00
583,161.95

0.00 0.00
583,630.98
601.50

0.00 1,604.00
1,002.50
469.03

0.00 469.03
1,471.53
1,471.53
47800CAC0 John Deere Owner Trust
2023-A A3

5.01% Due 11/15/2027
02/23/2023
03/02/2023
880,000.00
680,200.62
202,039.06

0.00 882,221.47
2,744.37
3,957.91
1,959.46
3,173.00

0.73 18.94
(18.21)
3,154.79
3,154.79
58768PAC8 Mercedes-Benz Auto Receivables
2022-1 A3

5.21% Due 08/16/2027
02/15/2023
02/17/2023
260,000.00
261,291.90

0.00 0.00
261,257.90
602.04
1,128.83
602.04
1,128.83

0.00 34.00
(34.00)
1,094.83
1,094.83
Chandler Asset Management - CONFIDENTIAL Page 12 Execution Time: 5/1/2023 11:48:42 PM Income Earned
As of April 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
693475AV7 PNC Financial Services
Callable Note Cont 12/23/2023

3.5% Due 01/23/2024
07/29/2019
07/29/2019
900,000.00
910,499.01

0.00 0.00
909,438.51
5,950.00

0.00 8,575.00
2,625.00

0.00 1,060.50
(1,060.50)
1,564.50
1,564.50
69371RS49 Paccar Financial Corp
Note

4.45% Due 03/30/2026
03/28/2023
03/30/2023
600,000.00
599,634.67

0.00 0.00
599,644.69

74.17 0.00
2,299.17
2,225.00

10.02 0.00

10.02 2,235.02
2,235.02
713448CM8 Pepsico Inc.

Callable Note Cont 12/01/2023

3.6% Due 03/01/2024
06/23/2021
06/23/2021
500,000.00
512,780.83

0.00 0.00
511,636.28
1,500.00

0.00 3,000.00
1,500.00

0.00 1,144.55
(1,144.55)
355.45
355.45
717081DM2 Pfizer Inc.

Note

3.4% Due 05/15/2024
09/27/2021
09/27/2021
500,000.00
515,853.90

0.00 0.00
514,693.86
6,422.22

0.00 7,838.89
1,416.67

0.00 1,160.04
(1,160.04)
256.63
256.63
74456QBS4 Public Service El & Gas
Callable Note Cont 2/15/2027
3% Due 05/15/2027
04/18/2023
04/20/2023
337,000.00

0.00 318,673.94

0.00 318,809.60

0.00 (4,352.92)
4,661.83
308.91
135.66

0.00 135.66
444.57
444.57
756109AU8 Realty Income Corp
Callable Note Cont 10/15/2027

3.65% Due 01/15/2028
04/10/2023
04/12/2023
500,000.00

0.00 474,240.00

0.00 474,521.45

0.00 (4,410.42)
5,373.61
963.19
281.45

0.00 281.45
1,244.64
1,244.64
88579YBB6 3M Co.

Callable Note Cont 1/14/2024
Due 02/14/2024
02/17/2021
02/17/2021

0.00 512,250.24

0.00 512,173.44

0.00 2,121.53
2,211.81

0.00 90.28

0.00 76.80
(76.80)

13.48 13.48
89236THA6 Toyota Motor Credit Corp
Note

1.35% Due 08/25/2023
04/23/2021
04/23/2021
700,000.00
702,557.39

0.00 0.00
702,031.90
945.00

0.00 1,732.50
787.50

0.00 525.49
(525.49)
262.01
262.01
89236THU2 Toyota Motor Credit Corp
Note

0.45% Due 01/11/2024
09/27/2021
09/27/2021
480,000.00
479,775.82

0.00 0.00
479,799.42
480.00

0.00 660.00
180.00

23.60 0.00

23.60 203.60
203.60
Chandler Asset Management - CONFIDENTIAL Page 13 Execution Time: 5/1/2023 11:48:42 PM Income Earned
As of April 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
89239HAD0 Toyota Auto Receivables Owner
20222-D A3

5.3% Due 09/15/2027
02/10/2023
02/14/2023
350,000.00
353,968.77

0.00 0.00
353,864.33
824.44
1,545.83
824.44
1,545.83

0.00 104.44
(104.44)
1,441.39
1,441.39
91159HHV5 US Bancorp
Callable Note Cont 1/5/2024

3.375% Due 02/05/2024
05/04/2021
05/04/2021
1,000,000.00
1,024,359.78

0.00 0.00
1,022,002.38
5,250.00

0.00 8,062.50
2,812.50

0.00 2,357.40
(2,357.40)
455.10
455.10
9128282D1 US Treasury
Note

1.375% Due 08/31/2023
12/23/2021
12/23/2021
1,250,000.00
1,253,940.89

0.00 0.00
1,253,163.08
1,494.57

0.00 2,895.72
1,401.15

0.00 777.81
(777.81)
623.34
623.34
9128282Y5 US Treasury
Note

2.125% Due 09/30/2024
08/25/2021
08/25/2021
1,000,000.00
1,025,076.44

0.00 0.00
1,023,703.64

58.06 0.00
1,799.86
1,741.80

0.00 1,372.80
(1,372.80)
369.00
369.00
9128285N6 US Treasury
Note

2.875% Due 11/30/2025
07/15/2022
07/15/2022
500,000.00
497,010.60

0.00 0.00
497,102.68
4,817.99

0.00 6,002.75
1,184.76

92.08 0.00

92.08 1,276.84
1,276.84
9128286X3 US Treasury
Note

2.125% Due 05/31/2026
09/30/2022
09/30/2022
500,000.00
470,611.10

0.00 0.00
471,373.79
3,561.13

0.00 4,436.81
875.68
762.69

0.00 762.69
1,638.37
1,638.37
912828D56 US Treasury
Note

2.375% Due 08/15/2024
12/28/2021
12/28/2021
1,000,000.00
1,019,855.99

0.00 0.00
1,018,669.37
2,952.35

0.00 4,920.58
1,968.23

0.00 1,186.62
(1,186.62)
781.61
781.61
912828U57 US Treasury
Note

2.125% Due 11/30/2023
10/31/2019
10/31/2019
650,000.00
651,879.06

0.00 0.00
651,647.07
4,629.46

0.00 5,767.86
1,138.40

0.00 231.99
(231.99)
906.41
906.41
912828YM6 US Treasury
Note

1.5% Due 10/31/2024
12/28/2021
12/28/2021
1,000,000.00
1,008,325.35

0.00 0.00
1,007,893.98
6,298.34
7,500.00

40.76 1,242.42

0.00 431.37
(431.37)
811.05
811.05
Chandler Asset Management - CONFIDENTIAL Page 14 Execution Time: 5/1/2023 11:48:42 PM Income Earned
As of April 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
912828YV6 US Treasury
Note

1.5% Due 11/30/2024
09/10/2021
09/10/2021
700,000.00
711,843.19

0.00 0.00
711,259.78
3,519.23

0.00 4,384.62
865.39

0.00 583.41
(583.41)
281.98
281.98
91282CAJ0 US Treasury
Note

0.25% Due 08/31/2025
06/30/2022
06/30/2022
1,200,000.00
1,120,650.10

0.00 0.00
1,123,346.02
260.87

0.00 505.43
244.56
2,695.92

0.00 2,695.92
2,940.48
2,940.48
91282CAM3 US Treasury
Note

0.25% Due 09/30/2025
07/15/2022
07/15/2022
500,000.00
466,099.38

0.00 0.00
467,213.31

3.42 0.00
105.87
102.45
1,113.93

0.00 1,113.93
1,216.38
1,216.38
91282CAW1 US Treasury
Note

0.25% Due 11/15/2023
05/03/2021
05/03/2021
1,000,000.00
1,000,029.68

0.00 0.00
1,000,025.77
946.13

0.00 1,153.31
207.18

0.00 3.91
(3.91)
203.27
203.27
91282CBA8 US Treasury
Note

0.125% Due 12/15/2023
10/07/2021
10/07/2021
1,200,000.00
1,198,245.51

0.00 0.00
1,198,449.52
440.93

0.00 564.56
123.63
204.01

0.00 204.01
327.64
327.64
91282CBQ3 US Treasury
Note

0.5% Due 02/28/2026
07/15/2022
07/15/2022
500,000.00
464,511.77

0.00 0.00
465,512.38
217.39

0.00 421.20
203.81
1,000.61

0.00 1,000.61
1,204.42
1,204.42
91282CBV2 US Treasury
Note

0.375% Due 04/15/2024
05/03/2021
05/03/2021
1,000,000.00
1,000,414.27

0.00 0.00
1,000,381.56
1,730.77
1,875.00
163.93
308.16

0.00 32.71
(32.71)
275.45
275.45
91282CBW0 US Treasury
Note

0.75% Due 04/30/2026
09/30/2022
09/30/2022
500,000.00
451,486.90

0.00 0.00
452,780.58
1,574.59
1,875.00

10.19 310.60
1,293.68

0.00 1,293.68
1,604.28
1,604.28
91282CCC3 US Treasury
Note

0.25% Due 05/15/2024
05/17/2021
05/17/2021
1,000,000.00
998,830.09

0.00 0.00
998,915.70
946.13

0.00 1,153.31
207.18

85.61 0.00

85.61 292.79
292.79
Chandler Asset Management - CONFIDENTIAL Page 15 Execution Time: 5/1/2023 11:48:42 PM Income Earned
As of April 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CCJ8 US Treasury
Note

0.875% Due 06/30/2026
09/30/2022
09/30/2022
500,000.00
451,135.27

0.00 0.00
452,371.31
1,099.79

0.00 1,462.36
362.57
1,236.04

0.00 1,236.04
1,598.61
1,598.61
91282CCK5 US Treasury
Note

0.125% Due 06/30/2023
01/13/2022
01/13/2022
800,000.00
798,792.08

0.00 0.00
799,194.72
251.38

0.00 334.25

82.87 402.64

0.00 402.64
485.51
485.51
91282CCN9 US Treasury
Note

0.125% Due 07/31/2023
01/13/2022
01/13/2022
1,000,000.00
997,813.43

0.00 0.00
998,355.55
207.18

0.00 310.77
103.59
542.12

0.00 542.12
645.71
645.71
91282CGC9 US Treasury
Note

3.875% Due 12/31/2027
02/06/2023
02/07/2023
1,000,000.00
1,001,402.47

0.00 0.00
1,001,378.22
9,741.02

0.00 12,952.35
3,211.33

0.00 24.25
(24.25)
3,187.08
3,187.08
91282CGE5 US Treasury
Note

3.875% Due 01/15/2026
02/06/2023
02/07/2023
1,000,000.00
993,278.92

0.00 0.00
993,476.60
8,135.36

0.00 11,346.69
3,211.33
197.68

0.00 197.68
3,409.01
3,409.01
Total Fixed Income 43,502,000.00
41,938,714.69
2,375,895.31
1,022,976.75
43,285,033.52
174,151.18
25,921.48
225,207.66
76,977.96
12,471.61
19,071.34
(6,599.73)
70,378.23 70,378.23

CASH & EQUIVALENT
31846V807 First American
Treasury MMF Class Y
Various
Various
1,613,127.05
2,967,302.09
1,034,746.44
2,388,921.48
1,613,127.05

0.00 5,628.73

0.00 5,628.73

0.00 0.00

0.00 5,628.73
5,628.73
Chandler Asset Management - CONFIDENTIAL Page 16 Execution Time: 5/1/2023 11:48:42 PM Income Earned
As of April 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
96130ASC3 Westpac Banking Corp NY
Yankee CD

5.38% Due 02/16/2024
02/16/2023
02/17/2023
375,000.00
375,124.37

0.00 0.00
375,112.75
2,465.83

0.00 4,147.08
1,681.25

0.00 11.62
(11.62)
1,669.63
1,669.63
Total Cash & Equivalent 1,988,127.05
3,342,426.46
1,034,746.44
2,388,921.48
1,988,239.80
2,465.83
5,628.73
4,147.08
7,309.98

0.00 11.62
(11.62)
7,298.36 7,298.36
TOTAL PORTFOLIO 45,490,127.05
45,281,141.15
3,410,641.75
3,411,898.23
45,273,273.32
176,617.01
31,550.21
229,354.74
84,287.94
12,471.61
19,082.96
(6,611.35)
77,676.59 77,676.59
Chandler Asset Management - CONFIDENTIAL Page 17 Execution Time: 5/1/2023 11:48:42 PM Cash Flow Report
As of April 30, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/03/2023 Interest 00440EAV9 500,000.00 Chubb INA Holdings Inc Callable Note Cont 2/3/2026

3.35% Due 5/3/2026

0.00 8,375.00 8,375.00
05/03/2023 Maturity 037833AK6 500,000.00 Apple Inc Note

2.4% Due 5/3/2023
500,000.00 6,000.00 506,000.00
05/06/2023 Interest 3133EMYR7 1,000,000.00 FFCB Callable Note Cont 5/6/2022

0.375% Due 5/6/2024

0.00 1,875.00 1,875.00
05/10/2023 Maturity 02665WDH1 1,000,000.00 American Honda Finance Note

1.95% Due 5/10/2023
1,000,000.00 9,750.00 1,009,750.00
05/11/2023 Interest 166764BW9 700,000.00 Chevron Corp Callable Note Cont 4/11/2025

1.554% Due 5/11/2025

0.00 5,439.00 5,439.00
05/15/2023 Interest 91282CCC3 1,000,000.00 US Treasury Note

0.25% Due 5/15/2024

0.00 1,250.00 1,250.00
05/15/2023 Interest 91282CAW1 1,000,000.00 US Treasury Note

0.25% Due 11/15/2023

0.00 1,250.00 1,250.00
05/15/2023 Interest 74456QBS4 337,000.00 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 5/15/2027

0.00 5,055.00 5,055.00
05/15/2023 Interest 717081DM2 500,000.00 Pfizer Inc. Note

3.4% Due 5/15/2024

0.00 8,500.00 8,500.00
05/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
05/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
05/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,266.48 3,674.00 17,940.48
05/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
05/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
05/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
05/24/2023 Interest 14912L5X5 1,000,000.00 Caterpillar Finance Serv Corp Note

3.75% Due 11/24/2023

0.00 18,750.00 18,750.00
05/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
Chandler Asset Management - CONFIDENTIAL Page 18 Execution Time: 5/1/2023 11:48:42 PM Cash Flow Report
As of April 30, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/31/2023 Interest 912828U57 650,000.00 US Treasury Note

2.125% Due 11/30/2023

0.00 6,906.25 6,906.25
05/31/2023 Interest 9128286X3 500,000.00 US Treasury Note

2.125% Due 5/31/2026

0.00 5,312.50 5,312.50
05/31/2023 Interest 9128285N6 500,000.00 US Treasury Note

2.875% Due 11/30/2025

0.00 7,187.50 7,187.50
05/31/2023 Interest 912828YV6 700,000.00 US Treasury Note

1.5% Due 11/30/2024

0.00 5,250.00 5,250.00
MAY 2023 1,514,266.48 103,151.74 1,617,418.22
06/12/2023 Interest 3130ATUC9 1,000,000.00 FHLB Note

4.5% Due 12/12/2025

0.00 27,375.00 27,375.00
06/15/2023 Interest 91282CBA8 1,200,000.00 US Treasury Note

0.125% Due 12/15/2023

0.00 750.00 750.00
06/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
06/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
06/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
06/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,326.05 3,614.43 17,940.48
06/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
06/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
06/23/2023 Interest 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021

0.35% Due 4/23/2024

0.00 1,750.00 1,750.00
06/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
06/30/2023 Interest 91282CGC9 1,000,000.00 US Treasury Note

3.875% Due 12/31/2027

0.00 19,375.00 19,375.00
06/30/2023 Interest 91282CCJ8 500,000.00 US Treasury Note

0.875% Due 6/30/2026

0.00 2,187.50 2,187.50
Chandler Asset Management - CONFIDENTIAL Page 19 Execution Time: 5/1/2023 11:48:42 PM Cash Flow Report
As of April 30, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/30/2023 Maturity 91282CCK5 800,000.00 US Treasury Note

0.125% Due 6/30/2023
800,000.00 500.00 800,500.00
JUN 2023 814,326.05 64,129.42 878,455.47
07/02/2023 Interest 3135G0V75 750,000.00 FNMA Note

1.75% Due 7/2/2024

0.00 6,562.50 6,562.50
07/11/2023 Interest 89236THU2 480,000.00 Toyota Motor Credit Corp Note

0.45% Due 1/11/2024

0.00 1,080.00 1,080.00
07/15/2023 Interest 91282CGE5 1,000,000.00 US Treasury Note

3.875% Due 1/15/2026

0.00 19,375.00 19,375.00
07/15/2023 Interest 756109AU8 500,000.00 Realty Income Corp Callable Note Cont 10/15/2027

3.65% Due 1/15/2028

0.00 9,125.00 9,125.00
07/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
07/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,385.85 3,554.63 17,940.48
07/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
07/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
07/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
07/17/2023 Interest 24422EVN6 1,000,000.00 John Deere Capital Corp Note

0.45% Due 1/17/2024

0.00 2,250.00 2,250.00
07/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
07/23/2023 Interest 17325FAS7 500,000.00 Citibank Callable Note Cont 12/23/2023

3.65% Due 1/23/2024

0.00 9,125.00 9,125.00
07/23/2023 Interest 693475AV7 900,000.00 PNC Financial Services Callable Note Cont 12/23/2023

3.5% Due 1/23/2024

0.00 15,750.00 15,750.00
07/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
Chandler Asset Management - CONFIDENTIAL Page 20 Execution Time: 5/1/2023 11:48:42 PM Cash Flow Report
As of April 30, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/31/2023 Maturity 91282CCN9 1,000,000.00 US Treasury Note

0.125% Due 7/31/2023
1,000,000.00 625.00 1,000,625.00
JUL 2023 1,014,385.85 76,024.62 1,090,410.47
08/05/2023 Interest 3135G0V34 600,000.00 FNMA Note

2.5% Due 2/5/2024

0.00 7,500.00 7,500.00
08/05/2023 Interest 91159HHV5 1,000,000.00 US Bancorp Callable Note Cont 1/5/2024

3.375% Due 2/5/2024

0.00 16,875.00 16,875.00
08/15/2023 Interest 912828D56 1,000,000.00 US Treasury Note

2.375% Due 8/15/2024

0.00 11,875.00 11,875.00
08/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
08/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
08/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
08/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,445.92 3,494.56 17,940.48
08/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
08/21/2023 Interest 3133EPBF1 1,000,000.00 FFCB Note

4.875% Due 8/21/2024

0.00 24,375.00 24,375.00
08/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
08/25/2023 Maturity 89236THA6 700,000.00 Toyota Motor Credit Corp Note

1.35% Due 8/25/2023
700,000.00 4,725.00 704,725.00
08/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
08/28/2023 Interest 3130AV7L0 1,100,000.00 FHLB Note
5% Due 2/28/2025

0.00 26,736.11 26,736.11
08/31/2023 Interest 91282CAJ0 1,200,000.00 US Treasury Note

0.25% Due 8/31/2025

0.00 1,500.00 1,500.00
08/31/2023 Interest 91282CBQ3 500,000.00 US Treasury Note

0.5% Due 2/28/2026

0.00 1,250.00 1,250.00
Chandler Asset Management - CONFIDENTIAL Page 21 Execution Time: 5/1/2023 11:48:42 PM Cash Flow Report
As of April 30, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/31/2023 Maturity 9128282D1 1,250,000.00 US Treasury Note

1.375% Due 8/31/2023
1,250,000.00 8,593.75 1,258,593.75
AUG 2023 1,964,445.92 115,501.91 2,079,947.83
09/01/2023 Interest 713448CM8 500,000.00 Pepsico Inc. Callable Note Cont 12/01/2023

3.6% Due 3/1/2024

0.00 9,000.00 9,000.00
09/12/2023 Interest 3130ATHT7 1,300,000.00 FHLB Note

4.375% Due 9/12/2025

0.00 28,437.50 28,437.50
09/12/2023 Maturity 3135G0U43 1,000,000.00 FNMA Note

2.875% Due 9/12/2023
1,000,000.00 14,375.00 1,014,375.00
09/13/2023 Interest 46647PBH8 600,000.00 JP Morgan Chase & Co Callable Note Mthly 3/13/2025

2.005% Due 3/13/2026

0.00 6,015.00 6,015.00
09/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
09/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,506.23 3,434.25 17,940.48
09/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
09/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
09/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
09/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
09/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
09/30/2023 Interest 69371RS49 600,000.00 Paccar Financial Corp Note

4.45% Due 3/30/2026

0.00 13,350.00 13,350.00
09/30/2023 Interest 9128282Y5 1,000,000.00 US Treasury Note

2.125% Due 9/30/2024

0.00 10,625.00 10,625.00
09/30/2023 Interest 91282CAM3 500,000.00 US Treasury Note

0.25% Due 9/30/2025

0.00 625.00 625.00
SEP 2023 1,014,506.23 94,439.24 1,108,945.47
Chandler Asset Management - CONFIDENTIAL Page 22 Execution Time: 5/1/2023 11:48:42 PM Cash Flow Report
As of April 30, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2023 Interest 91282CBV2 1,000,000.00 US Treasury Note

0.375% Due 4/15/2024

0.00 1,875.00 1,875.00
10/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
10/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
10/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,566.79 3,373.69 17,940.48
10/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
10/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
10/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
10/22/2023 Interest 3133EMWV0 1,000,000.00 FFCB Note

0.35% Due 4/22/2024

0.00 1,750.00 1,750.00
10/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
10/26/2023 Interest 06406RBQ9 350,000.00 Bank of NY Mellon Corp Callable Note Cont 4/26/2026

4.947% Due 4/26/2027

0.00 8,657.25 8,657.25
10/26/2023 Interest 3136G46B4 1,200,000.00 FNMA Callable Note Qtrly 01/26/2024

0.35% Due 4/26/2024

0.00 2,100.00 2,100.00
10/31/2023 Interest 912828YM6 1,000,000.00 US Treasury Note

1.5% Due 10/31/2024

0.00 7,500.00 7,500.00
10/31/2023 Interest 91282CBW0 500,000.00 US Treasury Note

0.75% Due 4/30/2026

0.00 1,875.00 1,875.00
OCT 2023 14,566.79 35,708.43 50,275.22
11/03/2023 Interest 00440EAV9 500,000.00 Chubb INA Holdings Inc Callable Note Cont 2/3/2026

3.35% Due 5/3/2026

0.00 8,375.00 8,375.00
11/06/2023 Interest 3133EMYR7 1,000,000.00 FFCB Callable Note Cont 5/6/2022

0.375% Due 5/6/2024

0.00 1,875.00 1,875.00
11/11/2023 Interest 166764BW9 700,000.00 Chevron Corp Callable Note Cont 4/11/2025

1.554% Due 5/11/2025

0.00 5,439.00 5,439.00
Chandler Asset Management - CONFIDENTIAL Page 23 Execution Time: 5/1/2023 11:48:42 PM Cash Flow Report
As of April 30, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/15/2023 Interest 91282CCC3 1,000,000.00 US Treasury Note

0.25% Due 5/15/2024

0.00 1,250.00 1,250.00
11/15/2023 Interest 717081DM2 500,000.00 Pfizer Inc. Note

3.4% Due 5/15/2024

0.00 8,500.00 8,500.00
11/15/2023 Interest 74456QBS4 337,000.00 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 5/15/2027

0.00 5,055.00 5,055.00
11/15/2023 Maturity 91282CAW1 1,000,000.00 US Treasury Note

0.25% Due 11/15/2023
1,000,000.00 1,250.00 1,001,250.00
11/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
11/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
11/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,627.61 3,312.87 17,940.48
11/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
11/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
11/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
11/24/2023 Maturity 14912L5X5 1,000,000.00 Caterpillar Finance Serv Corp Note

3.75% Due 11/24/2023
1,000,000.00 18,750.00 1,018,750.00
11/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
11/30/2023 Interest 9128285N6 500,000.00 US Treasury Note

2.875% Due 11/30/2025

0.00 7,187.50 7,187.50
11/30/2023 Interest 9128286X3 500,000.00 US Treasury Note

2.125% Due 5/31/2026

0.00 5,312.50 5,312.50
11/30/2023 Interest 912828YV6 700,000.00 US Treasury Note

1.5% Due 11/30/2024

0.00 5,250.00 5,250.00
11/30/2023 Maturity 912828U57 650,000.00 US Treasury Note

2.125% Due 11/30/2023
650,000.00 6,906.25 656,906.25
NOV 2023 2,664,627.61 87,040.61 2,751,668.22
Chandler Asset Management - CONFIDENTIAL Page 24 Execution Time: 5/1/2023 11:48:42 PM Cash Flow Report
As of April 30, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/12/2023 Interest 3130ATUC9 1,000,000.00 FHLB Note

4.5% Due 12/12/2025

0.00 22,500.00 22,500.00
12/15/2023 Maturity 91282CBA8 1,200,000.00 US Treasury Note

0.125% Due 12/15/2023
1,200,000.00 750.00 1,200,750.00
12/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,688.68 3,251.80 17,940.48
12/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
12/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
12/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
12/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
12/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
12/23/2023 Interest 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021

0.35% Due 4/23/2024

0.00 1,750.00 1,750.00
12/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
12/31/2023 Interest 91282CGC9 1,000,000.00 US Treasury Note

3.875% Due 12/31/2027

0.00 19,375.00 19,375.00
12/31/2023 Interest 91282CCJ8 500,000.00 US Treasury Note

0.875% Due 6/30/2026

0.00 2,187.50 2,187.50
DEC 2023 1,214,688.68 58,391.79 1,273,080.47
01/02/2024 Interest 3135G0V75 750,000.00 FNMA Note

1.75% Due 7/2/2024

0.00 6,562.50 6,562.50
01/11/2024 Maturity 89236THU2 480,000.00 Toyota Motor Credit Corp Note

0.45% Due 1/11/2024
480,000.00 1,080.00 481,080.00
01/15/2024 Interest 756109AU8 500,000.00 Realty Income Corp Callable Note Cont 10/15/2027

3.65% Due 1/15/2028

0.00 9,125.00 9,125.00
01/15/2024 Interest 91282CGE5 1,000,000.00 US Treasury Note

3.875% Due 1/15/2026

0.00 19,375.00 19,375.00
Chandler Asset Management - CONFIDENTIAL Page 25 Execution Time: 5/1/2023 11:48:42 PM Cash Flow Report
As of April 30, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
01/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
01/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
01/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,750.00 3,190.48 17,940.48
01/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
01/17/2024 Maturity 24422EVN6 1,000,000.00 John Deere Capital Corp Note

0.45% Due 1/17/2024
1,000,000.00 2,250.00 1,002,250.00
01/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
01/23/2024 Maturity 693475AV7 900,000.00 PNC Financial Services Callable Note Cont 12/23/2023

3.5% Due 1/23/2024
900,000.00 15,750.00 915,750.00
01/23/2024 Maturity 17325FAS7 500,000.00 Citibank Callable Note Cont 12/23/2023

3.65% Due 1/23/2024
500,000.00 9,125.00 509,125.00
01/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
JAN 2024 2,894,750.00 75,035.47 2,969,785.47
02/05/2024 Maturity 91159HHV5 1,000,000.00 US Bancorp Callable Note Cont 1/5/2024

3.375% Due 2/5/2024
1,000,000.00 16,875.00 1,016,875.00
02/05/2024 Maturity 3135G0V34 600,000.00 FNMA Note

2.5% Due 2/5/2024
600,000.00 7,500.00 607,500.00
02/15/2024 Interest 912828D56 1,000,000.00 US Treasury Note

2.375% Due 8/15/2024

0.00 11,875.00 11,875.00
02/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
02/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,811.59 3,128.89 17,940.48
02/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
Chandler Asset Management - CONFIDENTIAL Page 26 Execution Time: 5/1/2023 11:48:42 PM Cash Flow Report
As of April 30, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
02/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
02/16/2024 Maturity 96130ASC3 375,000.00 Westpac Banking Corp NY Yankee CD

5.38% Due 2/16/2024
375,000.00 20,455.21 395,455.21
02/21/2024 Interest 3133EPBF1 1,000,000.00 FFCB Note

4.875% Due 8/21/2024

0.00 24,375.00 24,375.00
02/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
02/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
02/28/2024 Interest 3130AV7L0 1,100,000.00 FHLB Note
5% Due 2/28/2025

0.00 27,500.00 27,500.00
02/29/2024 Interest 91282CAJ0 1,200,000.00 US Treasury Note

0.25% Due 8/31/2025

0.00 1,500.00 1,500.00
02/29/2024 Interest 91282CBQ3 500,000.00 US Treasury Note

0.5% Due 2/28/2026

0.00 1,250.00 1,250.00
FEB 2024 1,989,811.59 123,036.59 2,112,848.18
03/01/2024 Maturity 713448CM8 500,000.00 Pepsico Inc. Callable Note Cont 12/01/2023

3.6% Due 3/1/2024
500,000.00 9,000.00 509,000.00
03/12/2024 Interest 3130ATHT7 1,300,000.00 FHLB Note

4.375% Due 9/12/2025

0.00 28,437.50 28,437.50
03/13/2024 Interest 46647PBH8 600,000.00 JP Morgan Chase & Co Callable Note Mthly 3/13/2025

2.005% Due 3/13/2026

0.00 6,015.00 6,015.00
03/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
03/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
03/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,873.42 3,067.06 17,940.48
03/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
Chandler Asset Management - CONFIDENTIAL Page 27 Execution Time: 5/1/2023 11:48:42 PM Cash Flow Report
As of April 30, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
03/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
03/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
03/30/2024 Interest 69371RS49 600,000.00 Paccar Financial Corp Note

4.45% Due 3/30/2026

0.00 13,350.00 13,350.00
03/31/2024 Interest 9128282Y5 1,000,000.00 US Treasury Note

2.125% Due 9/30/2024

0.00 10,625.00 10,625.00
03/31/2024 Interest 91282CAM3 500,000.00 US Treasury Note

0.25% Due 9/30/2025

0.00 625.00 625.00
MAR 2024 514,873.42 79,697.05 594,570.47
04/15/2024 Maturity 91282CBV2 1,000,000.00 US Treasury Note

0.375% Due 4/15/2024
1,000,000.00 1,875.00 1,001,875.00
04/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
04/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
04/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,935.51 3,004.97 17,940.48
04/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
04/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
04/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
04/22/2024 Maturity 3133EMWV0 1,000,000.00 FFCB Note

0.35% Due 4/22/2024
1,000,000.00 1,750.00 1,001,750.00
04/23/2024 Maturity 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021

0.35% Due 4/23/2024
1,000,000.00 1,166.67 1,001,166.67
04/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
Chandler Asset Management - CONFIDENTIAL Page 28 Execution Time: 5/1/2023 11:48:42 PM Cash Flow Report
As of April 30, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/26/2024 Interest 06406RBQ9 350,000.00 Bank of NY Mellon Corp Callable Note Cont 4/26/2026

4.947% Due 4/26/2027

0.00 8,657.25 8,657.25
04/26/2024 Maturity 3136G46B4 1,200,000.00 FNMA Callable Note Qtrly 01/26/2024

0.35% Due 4/26/2024
1,200,000.00 2,100.00 1,202,100.00
APR 2024 4,214,935.51 27,131.38 4,242,066.89
TOTAL 19,830,184.13 939,288.25 20,769,472.38
Chandler Asset Management - CONFIDENTIAL Page 29 Execution Time: 5/1/2023 11:48:42 PM Important Disclosures City of San Rafael
Account #11045
Chandler Asset Management, Inc. ;͞Chandler͟Ϳis an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV). To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

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

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

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

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

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

THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES OR

THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN "AS IS" BASIS AND LICENSEE'S USE IS AT LICENSEE'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

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

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

Security level ratings for U.S. Agency issued mortgage-backed securities ;͞MBS͟Ϳreflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody͛s and Fitch respectively.

Chandler Asset Management - CONFIDENTIAL Page 30 Execution Time: 5/1/2023 11:48:42 PM Benchmark Index & Disclosures City of San Rafael
Account #11045
Benchmark Index Disclosure
ICE BofA 1-3 Yr US Treasury & Agency
Index
The ICE BofA 1-3 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody͛s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

Chandler Asset Management - CONFIDENTIAL Page 31 Execution Time: 5/1/2023 11:48:42 PM

MONTHLY ACCOUNT STATEMENT
City of San Rafael - Account #11045
MAY 1, 2023 THROUGH MAY 31, 2023
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.

CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian
US Bank
Alexander Bazan
(503) 402-5305

ACCOUNT SUMMARY
Beg. Values
as of 4/30/23
End Values
as of 5/31/23
Market Value 44,474,590 44,448,734
Accrued Interest 229,355 221,430
Total Market Value 44,703,945 44,670,165
Income Earned 77,677 84,429
Cont/WD -3,641
Par 45,490,127 45,614,391
Book Value 45,273,273 45,361,985
Cost Value 45,617,969 45,672,690

TOP ISSUERS
Government of United States 38.5%
Federal Home Loan Bank 11.1%
Federal National Mortgage Assoc 7.8%
Federal Farm Credit Bank 6.5%
Federal Home Loan Mortgage Corp 3.2%
Toyota Motor Corp 2.6%
US Bancorp 2.2%
Caterpillar Inc 2.2%
Total 74.1%

PORTFOLIO CHARACTERISTICS
Average Modified Duration 1.50
Average Coupon 2.39%
Average Purchase YTM 2.33%
Average Market YTM 4.94%
Average S&P/Moody Rating AA/Aa1
Average Final Maturity 1.77 yrs
Average Life 1.60 yrs

SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (S&P) Portfolio Summary
As of May 31, 2023
City of San Rafael
Account #11045

PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS 1/1/1900 City of San Rafael -0.07% 1.41% N/A N/A N/A N/A N/A N/A N/A ICE BofA 1-3 Yr US Treasury & Agency Index -0.34% 1.51% 1.46% 0.03% -1.44% -0.87% 1.05% 0.81% N/A Chandler Asset Management - CONFIDENTIAL Page 1 Execution Time: 6/1/2023 11:21:44 PM Holdings Report
As of May 31, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
05593AAC3 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025
435,000.00 Various

5.11%
435,745.64
435,642.86

99.63 5.49%
433,378.32
374.10

0.97%
(2,264.54)
Aaa / AAA
NR

2.49 1.35
43815JAC7 Honda Auto Receivables Owner 2023-1
A3

5.04% Due 4/21/2027
120,000.00 02/16/2023

5.10%
119,977.70
119,979.58
100.06

5.06%
120,070.20
168.00

0.27%

90.62 Aaa / NR
AAA

3.89 2.00
02582JJT8 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027
600,000.00 04/17/2023

4.65%
585,632.81
586,448.91

97.20 4.95%
583,210.20
904.00

1.31%
(3,238.71)

NR / AAA
AAA

3.96 1.84
58768PAC8 Mercedes-Benz Auto Receivables 2022-
1 A3

5.21% Due 8/16/2027
260,000.00 02/15/2023

5.02%
261,340.63
261,222.77
100.21

5.12%
260,534.56
602.04

0.58%
(688.21)
Aaa / AAA
NR

4.21 1.44
89239HAD0 Toyota Auto Receivables Owner 20222-
D A3

5.3% Due 9/15/2027
350,000.00 02/10/2023

4.82%
354,128.91
353,756.40
100.63

5.00%
352,216.55
824.44

0.79%
(1,539.85)
Aaa / NR
AAA

4.30 1.77
47800CAC0 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
880,000.00 Various

4.95%
882,243.24
882,179.96
100.13

5.00%
881,124.64
1,959.46

1.98%
(1,055.32)
Aaa / NR
AAA

4.46 1.97
05522RDF2 Bank of America Credit Card Tr 2022-A2
A2
5% Due 4/15/2028
440,000.00 04/18/2023

4.59%
444,812.50
444,597.47
100.49

4.83%
442,174.04
977.78

0.99%
(2,423.43)
Aaa / AAA
NR

4.88 2.25
Total ABS 3,085,000.00 4.86%
3,083,881.43
3,083,827.95 5.05%
3,072,708.51
5,809.82

6.89%
(11,119.44)
Aaa / AAA
AAA

4.09 1.83
AGENCY
3135G0U43 FNMA Note

2.875% Due 9/12/2023
1,000,000.00 09/26/2019

1.63%
1,047,553.22
1,003,384.92

99.32 5.30%
993,203.00
6,309.03

2.24%
(10,181.92)
Aaa / AA+
AAA

0.28 0.28
3135G0V34 FNMA Note

2.5% Due 2/5/2024
600,000.00 10/24/2019

1.64%
621,262.80
603,383.03

98.10 5.39%
588,593.40
4,833.33

1.33%
(14,789.63)
Aaa / AA+
AAA

0.68 0.65
3133EMWV0 FFCB Note

0.35% Due 4/22/2024
1,000,000.00 05/03/2021

0.35%
1,000,000.00
1,000,000.00

95.99 5.00%
959,932.00
379.17

2.15%
(40,068.00)
Aaa / AA+
AAA

0.90 0.87
3130AMQQ8 FHLB Callable Note Qtrly 12/23/2021

0.35% Due 4/23/2024
1,000,000.00 06/23/2021

0.35%
1,000,000.00
1,000,000.00

95.62 5.42%
956,157.00
1,536.11

2.14%
(43,843.00)
Aaa / AA+
NR

0.90 0.87
3136G46B4 FNMA Callable Note Qtrly 01/26/2024

0.35% Due 4/26/2024
1,200,000.00 10/30/2020

0.36%
1,199,700.00
1,199,922.29

95.57 5.44%
1,146,874.80
408.33

2.57%
(53,047.49)
Aaa / AA+
AAA

0.91 0.88
3133EMYR7 FFCB Callable Note Cont 5/6/2022

0.375% Due 5/6/2024
1,000,000.00 05/06/2021

0.38%
1,000,000.00
1,000,000.00

95.44 5.47%
954,394.00
260.42

2.14%
(45,606.00)
Aaa / AA+
AAA

0.93 0.90
Chandler Asset Management - CONFIDENTIAL Page 2 Execution Time: 6/1/2023 11:21:44 PM Holdings Report
As of May 31, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
AGENCY
3135G0V75 FNMA Note

1.75% Due 7/2/2024
750,000.00 11/05/2019

1.65%
753,426.75
750,799.78

96.77 4.84%
725,763.75
5,432.29

1.64%
(25,036.03)
Aaa / AA+
AAA

1.09 1.05
3133EPBF1 FFCB Note

4.875% Due 8/21/2024
1,000,000.00 02/15/2023

4.98%
998,490.00
998,766.05

99.68 5.14%
996,811.00
13,541.67

2.26%
(1,955.05)
Aaa / AA+
AAA

1.23 1.16
3130AV7L0 FHLB Note
5% Due 2/28/2025
1,100,000.00 03/02/2023

5.07%
1,098,548.00
1,098,727.51
100.64

4.61%
1,107,018.00
13,444.44

2.51%
8,290.49
Aaa / AA+
AAA

1.75 1.64
3130ATHT7 FHLB Note

4.375% Due 9/12/2025
1,300,000.00 10/06/2022

4.29%
1,303,159.00
1,302,457.65

99.85 4.44%
1,298,021.40
12,480.90

2.93%
(4,436.25)
Aaa / AA+
NR

2.29 2.13
3130ATUC9 FHLB Note

4.5% Due 12/12/2025
1,000,000.00 02/13/2023

4.32%
1,004,720.00
1,004,230.62
100.52

4.28%
1,005,233.00
26,000.00

2.31%
1,002.38
Aaa / AA+
NR

2.54 2.31
3130ATUS4 FHLB Note

4.25% Due 12/10/2027
500,000.00 05/15/2023

3.66%
512,310.00
512,191.99
101.20

3.96%
505,976.50
12,218.75

1.16%
(6,215.49)
Aaa / AA+
NR

4.53 3.99
Total Agency 11,450,000.00 2.41%
11,539,169.77
11,473,863.84 4.95%
11,237,977.85
96,844.44

25.37%
(235,885.99)
Aaa / AA+
AAA

1.44 1.34
CMO
3137FETN0 FHLMC K073 A2

3.35% Due 1/25/2028
670,000.00 05/24/2023

4.34%
643,932.81
643,963.46

96.25 4.24%
644,867.63
374.08

1.44%
904.17

NR / NR
AAA

4.66 4.13
3137FG6X8 FHLMC K077 A2

3.85% Due 5/25/2028
780,000.00 05/24/2023

4.65%
765,679.69
765,695.41

98.36 4.20%
767,205.66
500.50

1.72%
1,510.25

NR / NR
AAA

4.99 4.37
Total CMO 1,450,000.00 4.51%
1,409,612.50
1,409,658.87 4.22%
1,412,073.29
874.58

3.16%
2,414.42

NR / NR
AAA

4.84 4.26

CORPORATE
89236THA6 Toyota Motor Credit Corp Note

1.35% Due 8/25/2023
700,000.00 04/23/2021

0.43%
714,959.00
701,488.89

99.12 5.16%
693,814.10
2,520.00

1.56%
(7,674.79)
A1 / A+
A+

0.24 0.23
14912L5X5 Caterpillar Finance Serv Corp Note

3.75% Due 11/24/2023
1,000,000.00 05/05/2021

0.35%
1,086,390.00
1,016,296.51

99.20 5.46%
991,959.00
729.17

2.22%
(24,337.51)
A2 / A
A+

0.48 0.47
89236THU2 Toyota Motor Credit Corp Note

0.45% Due 1/11/2024
480,000.00 09/27/2021

0.51%
479,342.40
479,823.80

97.06 5.40%
465,909.12
840.00

1.04%
(13,914.68)
A1 / A+
A+

0.62 0.59
24422EVN6 John Deere Capital Corp Note

0.45% Due 1/17/2024
1,000,000.00 05/05/2021

0.40%
1,001,230.00
1,000,286.63

97.07 5.25%
970,721.00
1,675.00

2.18%
(29,565.63)
A2 / A
A+

0.63 0.61
Chandler Asset Management - CONFIDENTIAL Page 3 Execution Time: 6/1/2023 11:21:44 PM Holdings Report
As of May 31, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
693475AV7 PNC Financial Services Callable Note
Cont 12/23/2023

3.5% Due 1/23/2024
900,000.00 07/29/2019

1.99%
957,939.00
908,342.65

98.61 5.72%
887,510.70
11,200.00

2.01%
(20,831.95)
A3 / AA0.65

0.62 17325FAS7 Citibank Callable Note Cont 12/23/2023

3.65% Due 1/23/2024
500,000.00 05/19/2021

0.53%
541,470.00
509,996.85

98.80 5.56%
494,008.00
6,488.89

1.12%
(15,988.85)
Aa3 / A+
A+

0.65 0.62
91159HHV5 US Bancorp Callable Note Cont
1/5/2024

3.375% Due 2/5/2024
1,000,000.00 05/04/2021

0.48%
1,079,130.00
1,019,566.41

98.35 5.89%
983,453.00
10,875.00

2.23%
(36,113.41)
A3 / A
A+

0.68 0.65
713448CM8 Pepsico Inc. Callable Note Cont
12/01/2023

3.6% Due 3/1/2024
500,000.00 06/23/2021

0.78%
537,465.00
510,453.57

98.73 5.34%
493,650.50
4,500.00

1.12%
(16,803.07)
A1 / A+
NR

0.75 0.72
717081DM2 Pfizer Inc. Note

3.4% Due 5/15/2024
500,000.00 09/27/2021

0.55%
537,160.00
513,495.15

98.19 5.37%
490,944.50
755.56

1.10%
(22,550.65)
A1 / A+
A

0.96 0.92
166764BW9 Chevron Corp Callable Note Cont
4/11/2025

1.554% Due 5/11/2025
700,000.00 05/12/2022

3.20%
667,380.00
678,849.13

94.30 4.65%
660,132.20
604.33

1.48%
(18,716.93)
Aa2 / AANR1.95

1.88 46647PBH8 JP Morgan Chase & Co Callable Note
Mthly 3/13/2025

2.005% Due 3/13/2026
600,000.00 04/05/2022

4.18%
577,518.00
584,115.64

94.09 5.52%
564,534.60
2,606.50

1.27%
(19,581.04)
A1 / AAA2.79

1.71 69371RS49 Paccar Financial Corp Note

4.45% Due 3/30/2026
600,000.00 03/28/2023

4.47%
599,634.00
599,655.04

99.83 4.51%
598,974.00
4,524.17

1.35%
(681.04)
A1 / A+
NR

2.83 2.62
00440EAV9 Chubb INA Holdings Inc Callable Note
Cont 2/3/2026

3.35% Due 5/3/2026
500,000.00 03/09/2023

5.09%
475,060.00
476,799.49

97.51 4.26%
487,538.00
1,302.78

1.09%
10,738.51
A3 / A
A

2.93 2.74
341081GR2 Florida Power and Light Callable Note
Cont 4/15/2026

4.45% Due 5/15/2026
550,000.00 05/18/2023

4.65%
547,030.00
547,057.27

99.44 4.65%
546,917.25
883.82

1.23%
(140.02)
A1 / A
A+

2.96 2.73
06406RBQ9 Bank of NY Mellon Corp Callable Note
Cont 4/26/2026

4.947% Due 4/26/2027
350,000.00 04/19/2023

5.20%
350,497.00
350,484.75

99.67 5.06%
348,848.15
1,683.35

0.78%
(1,636.60)
A1 / A
AA3.912.66
74456QBS4 Public Service El & Gas Callable Note
Cont 2/15/2027
3% Due 5/15/2027
337,000.00 04/18/2023

4.48%
318,673.94
319,191.90

94.42 4.56%
318,196.41
449.33

0.71%
(995.49)
A1 / A
NR

3.96 3.66
Chandler Asset Management - CONFIDENTIAL Page 4 Execution Time: 6/1/2023 11:21:44 PM Holdings Report
As of May 31, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
756109AU8 Realty Income Corp Callable Note Cont
10/15/2027

3.65% Due 1/15/2028
500,000.00 04/10/2023

4.87%
474,240.00
474,980.66

94.07 5.10%
470,365.50
6,894.44

1.07%
(4,615.16)
A3 / ANR4.63

4.12 58933YBH7 Merck & Co Callable Note Cont
4/17/2028

4.05% Due 5/17/2028
130,000.00 05/08/2023

4.07%
129,894.70
129,895.56

99.46 4.17%
129,296.70
204.75

0.29%
(598.86)
A1 / A+
NR

4.97 4.38
Total Corporate 10,847,000.00 2.12%
11,075,013.04
10,820,779.90 5.21%
10,596,772.73
58,737.09

23.85%
(224,007.17)
A1 / A
A+

1.60 1.42

MONEY MARKET FUND
31846V807 First American Treasury MMF Class Y 607,390.92 Various

4.69%
607,390.92
607,390.92

1.00 4.69%
607,390.92

0.00 1.36%

0.00 Aaa / AA+
AAA

0.00 0.00
Total Money Market Fund 607,390.92 4.69%
607,390.92
607,390.92 4.69%
607,390.92

0.00 1.36%

0.00 Aaa / AA+
AAA

0.00 0.00

NEGOTIABLE CD
96130ASC3 Westpac Banking Corp NY Yankee CD

5.38% Due 2/16/2024
375,000.00 02/16/2023

5.34%
375,141.03
375,100.74

99.72 5.70%
373,943.63
5,884.38

0.85%
(1,157.11)
P-1 / A-1+
F-1

0.72 0.70
Total Negotiable CD 375,000.00 5.34%
375,141.03
375,100.74 5.70%
373,943.63
5,884.38

0.85%
(1,157.11)
P-1 / A-1+
F-1

0.72 0.70

US TREASURY
91282CCK5 US Treasury Note

0.125% Due 6/30/2023
800,000.00 01/13/2022

0.74%
792,846.43
799,610.78

99.59 5.06%
796,740.00
419.89

1.78%
(2,870.78)
Aaa / AA+
AAA

0.08 0.08
91282CCN9 US Treasury Note

0.125% Due 7/31/2023
1,000,000.00 01/13/2022

0.79%
989,808.04
998,915.75

99.13 5.32%
991,315.00
417.82

2.22%
(7,600.75)
Aaa / AA+
AAA

0.17 0.17
9128282D1 US Treasury Note

1.375% Due 8/31/2023
1,250,000.00 12/23/2021

0.61%
1,265,970.98
1,252,359.35

99.00 5.39%
1,237,548.75
4,343.58

2.78%
(14,810.60)
Aaa / AA+
AAA

0.25 0.25
91282CAW1 US Treasury Note

0.25% Due 11/15/2023
1,000,000.00 05/03/2021

0.25%
1,000,120.54
1,000,021.74

97.71 5.39%
977,109.00
115.49

2.19%
(22,912.74)
Aaa / AA+
AAA

0.46 0.45
912828U57 US Treasury Note

2.125% Due 11/30/2023
650,000.00 10/31/2019

1.67%
661,529.52
651,407.36

98.43 5.36%
639,767.70

37.74 1.43%
(11,639.66)
Aaa / AA+
AAA

0.50 0.49
Chandler Asset Management - CONFIDENTIAL Page 5 Execution Time: 6/1/2023 11:21:44 PM Holdings Report
As of May 31, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
91282CBA8 US Treasury Note

0.125% Due 12/15/2023
1,200,000.00 10/07/2021

0.33%
1,194,566.52
1,198,660.33

97.26 5.32%
1,167,140.40
692.31

2.61%
(31,519.93)
Aaa / AA+
AAA

0.54 0.53
91282CBV2 US Treasury Note

0.375% Due 4/15/2024
1,000,000.00 05/03/2021

0.33%
1,001,175.22
1,000,347.77

95.86 5.28%
958,594.00
481.56

2.15%
(41,753.77)
Aaa / AA+
AAA

0.88 0.85
91282CCC3 US Treasury Note

0.25% Due 5/15/2024
1,000,000.00 05/17/2021

0.35%
996,878.35
999,004.15

95.36 5.29%
953,594.00
115.49

2.14%
(45,410.15)
Aaa / AA+
AAA

0.96 0.93
912828D56 US Treasury Note

2.375% Due 8/15/2024
1,000,000.00 12/28/2021

0.91%
1,038,011.16
1,017,443.21

96.95 5.00%
969,531.00
6,954.42

2.19%
(47,912.21)
Aaa / AA+
AAA

1.21 1.16
9128282Y5 US Treasury Note

2.125% Due 9/30/2024
1,000,000.00 08/25/2021

0.44%
1,051,800.23
1,022,285.08

96.47 4.89%
964,688.00
3,599.73

2.17%
(57,597.08)
Aaa / AA+
AAA

1.34 1.29
912828YM6 US Treasury Note

1.5% Due 10/31/2024
1,000,000.00 12/28/2021

0.97%
1,014,925.23
1,007,448.24

95.50 4.83%
955,000.00
1,304.35

2.14%
(52,448.24)
Aaa / AA+
AAA

1.42 1.37
912828YV6 US Treasury Note

1.5% Due 11/30/2024
700,000.00 09/10/2021

0.48%
722,889.06
710,656.93

95.33 4.76%
667,324.00

28.69 1.49%
(43,332.93)
Aaa / AA+
AAA

1.50 1.45
91282CAJ0 US Treasury Note

0.25% Due 8/31/2025
1,200,000.00 06/30/2022

3.15%
1,095,937.50
1,126,131.80

91.42 4.29%
1,097,016.00
758.15

2.46%
(29,115.80)
Aaa / AA+
AAA

2.25 2.20
91282CAM3 US Treasury Note

0.25% Due 9/30/2025
500,000.00 07/15/2022

3.12%
456,445.31
468,364.37

91.33 4.19%
456,660.00
211.75

1.02%
(11,704.37)
Aaa / AA+
AAA

2.34 2.28
9128285N6 US Treasury Note

2.875% Due 11/30/2025
500,000.00 07/15/2022

3.11%
496,212.61
497,197.82

96.89 4.20%
484,453.00

39.28 1.08%
(12,744.82)
Aaa / AA+
AAA

2.50 2.38
91282CGE5 US Treasury Note

3.875% Due 1/15/2026
1,000,000.00 02/06/2023

4.13%
992,929.69
993,680.87

99.30 4.16%
993,008.00
14,665.06

2.26%
(672.87)
Aaa / AA+
AAA

2.63 2.43
91282CBQ3 US Treasury Note

0.5% Due 2/28/2026
500,000.00 07/15/2022

3.09%
455,839.84
466,546.34

90.71 4.11%
453,554.50
631.79

1.02%
(12,991.84)
Aaa / AA+
AAA

2.75 2.68
91282CBW0 US Treasury Note

0.75% Due 4/30/2026
500,000.00 09/30/2022

4.17%
443,595.43
454,117.38

90.98 4.06%
454,902.50
326.09

1.02%
785.12
Aaa / AA+
AAA

2.92 2.83
9128286X3 US Treasury Note

2.125% Due 5/31/2026
500,000.00 09/30/2022

4.14%
465,958.71
472,161.90

94.62 4.05%
473,105.50

29.03 1.06%
943.60
Aaa / AA+
AAA

3.00 2.86
91282CCJ8 US Treasury Note

0.875% Due 6/30/2026
500,000.00 09/30/2022

4.15%
443,595.43
453,648.55

91.07 3.98%
455,332.00
1,837.02

1.02%
1,683.45
Aaa / AA+
AAA

3.08 2.98
Chandler Asset Management - CONFIDENTIAL Page 6 Execution Time: 6/1/2023 11:21:44 PM Holdings Report
As of May 31, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
91282CGC9 US Treasury Note

3.875% Due 12/31/2027
1,000,000.00 02/06/2023

3.84%
1,001,445.31
1,001,353.16
100.15

3.84%
1,001,484.00
16,270.72

2.28%
130.84
Aaa / AA+
AAA

4.59 4.10
Total US Treasury 17,800,000.00 1.65%
17,582,481.11
17,591,362.88 4.80%
17,147,867.35
53,279.96

38.51%
(443,495.53)
Aaa / AA+
AAA

1.51 1.44
TOTAL PORTFOLIO 45,614,390.92 2.33%
45,672,689.80
45,361,985.10 4.94%
44,448,734.28
221,430.27
100.00%
(913,250.82)
Aa1 / AA
AAA

1.77 1.50
TOTAL MARKET VALUE PLUS ACCRUED 44,670,164.55
Chandler Asset Management - CONFIDENTIAL Page 7 Execution Time: 6/1/2023 11:21:44 PM Transaction Ledger
As of May 31, 2023
City of San Rafael
Account #11045
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 05/01/2023 31846V807 9,433.21 First American Treasury MMF Class Y 1.000 4.44% 9,433.21 0.00 9,433.21 0.00 Purchase 05/03/2023 31846V807 14,375.00 First American Treasury MMF Class Y 1.000 4.44% 14,375.00 0.00 14,375.00 0.00 Purchase 05/03/2023 31846V807 500,000.00 First American Treasury MMF Class Y 1.000 4.44% 500,000.00 0.00 500,000.00 0.00 Purchase 05/06/2023 31846V807 1,875.00 First American Treasury MMF Class Y 1.000 4.44% 1,875.00 0.00 1,875.00 0.00 Purchase 05/10/2023 31846V807 9,750.00 First American Treasury MMF Class Y 1.000 4.44% 9,750.00 0.00 9,750.00 0.00 Purchase 05/10/2023 31846V807 1,000,000.00 First American Treasury MMF Class Y 1.000 4.44% 1,000,000.00 0.00 1,000,000.00 0.00 Purchase 05/11/2023 31846V807 5,439.00 First American Treasury MMF Class Y 1.000 4.44% 5,439.00 0.00 5,439.00 0.00 Purchase 05/15/2023 31846V807 16,055.00 First American Treasury MMF Class Y 1.000 4.44% 16,055.00 0.00 16,055.00 0.00 Purchase 05/15/2023 31846V807 3,674.00 First American Treasury MMF Class Y 1.000 4.44% 3,674.00 0.00 3,674.00 0.00 Purchase 05/15/2023 31846V807 1,695.00 First American Treasury MMF Class Y 1.000 4.44% 1,695.00 0.00 1,695.00 0.00 Purchase 05/15/2023 31846V807 1,545.83 First American Treasury MMF Class Y 1.000 4.44% 1,545.83 0.00 1,545.83 0.00 Purchase 05/15/2023 31846V807 1,128.83 First American Treasury MMF Class Y 1.000 4.44% 1,128.83 0.00 1,128.83 0.00 Purchase 05/15/2023 31846V807 1,833.33 First American Treasury MMF Class Y 1.000 4.44% 1,833.33 0.00 1,833.33 0.00 Purchase 05/16/2023 3130ATUS4 500,000.00 FHLB Note

4.25% Due 12/10/2027
102.462 3.66% 512,310.00 11,333.33 523,643.33 0.00
Purchase 05/17/2023 58933YBH7 130,000.00 Merck & Co Callable Note Cont 4/17/2028

4.05% Due 5/17/2028

99.919 4.07% 129,894.70 0.00 129,894.70 0.00
Purchase 05/22/2023 31846V807 504.00 First American Treasury MMF Class Y 1.000 4.44% 504.00 0.00 504.00 0.00 Purchase 05/22/2023 341081GR2 550,000.00 Florida Power and Light Callable Note Cont 4/15/2026

4.45% Due 5/15/2026

99.460 4.65% 547,030.00 271.94 547,301.94 0.00
Purchase 05/24/2023 31846V807 18,750.00 First American Treasury MMF Class Y 1.000 4.44% 18,750.00 0.00 18,750.00 0.00 Purchase 05/25/2023 31846V807 1,870.50 First American Treasury MMF Class Y 1.000 4.44% 1,870.50 0.00 1,870.50 0.00 Purchase 05/30/2023 3137FETN0 670,000.00 FHLMC K073 A2

3.35% Due 1/25/2028

96.109 4.34% 643,932.81 1,808.07 645,740.88 0.00
Purchase 05/30/2023 3137FG6X8 780,000.00 FHLMC K077 A2

3.85% Due 5/25/2028

98.164 4.65% 765,679.69 2,419.08 768,098.77 0.00
Chandler Asset Management - CONFIDENTIAL Page 8 Execution Time: 6/1/2023 11:21:44 PM Transaction Ledger
As of May 31, 2023
City of San Rafael
Account #11045
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 05/31/2023 31846V807 24,656.25 First American Treasury MMF Class Y 1.000 4.69% 24,656.25 0.00 24,656.25 0.00 Subtotal 4,242,584.95 4,211,432.15 15,832.42 4,227,264.57 0.00 TOTAL ACQUISITIONS 4,242,584.95 4,211,432.15 15,832.42 4,227,264.57 0.00

DISPOSITIONS
Sale 05/16/2023 31846V807 523,643.33 First American Treasury MMF Class Y 1.000 4.44% 523,643.33 0.00 523,643.33 0.00 Sale 05/17/2023 31846V807 129,894.70 First American Treasury MMF Class Y 1.000 4.44% 129,894.70 0.00 129,894.70 0.00 Sale 05/22/2023 31846V807 547,301.94 First American Treasury MMF Class Y 1.000 4.44% 547,301.94 0.00 547,301.94 0.00 Sale 05/30/2023 31846V807 1,413,839.65 First American Treasury MMF Class Y 1.000 4.44% 1,413,839.65 0.00 1,413,839.65 0.00 Subtotal 2,614,679.62 2,614,679.62 0.00 2,614,679.62 0.00 Paydown 05/15/2023 02582JJT8 0.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027
100.000 0.00 1,695.00 1,695.00 0.00
Paydown 05/15/2023 05522RDF2 0.00 Bank of America Credit Card Tr 2022-A2 A2
5% Due 4/15/2028
100.000 0.00 1,833.33 1,833.33 0.00
Paydown 05/15/2023 47800CAC0 0.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
100.000 0.00 3,674.00 3,674.00 0.00
Paydown 05/15/2023 58768PAC8 0.00 Mercedes-Benz Auto Receivables 2022- 1 A3

5.21% Due 8/16/2027
100.000 0.00 1,128.83 1,128.83 0.00
Paydown 05/15/2023 89239HAD0 0.00 Toyota Auto Receivables Owner 20222- D A3

5.3% Due 9/15/2027
100.000 0.00 1,545.83 1,545.83 0.00
Paydown 05/22/2023 43815JAC7 0.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027
100.000 0.00 504.00 504.00 0.00
Chandler Asset Management - CONFIDENTIAL Page 9 Execution Time: 6/1/2023 11:21:44 PM Transaction Ledger
As of May 31, 2023
City of San Rafael
Account #11045
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

DISPOSITIONS
Paydown 05/25/2023 05593AAC3 0.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025
100.000 0.00 1,870.50 1,870.50 0.00
Subtotal 0.00 0.00 12,251.49 12,251.49 0.00
Maturity 05/03/2023 037833AK6 500,000.00 Apple Inc Note

2.4% Due 5/3/2023
100.000 500,000.00 0.00 500,000.00 0.00
Maturity 05/10/2023 02665WDH1 1,000,000.00 American Honda Finance Note

1.95% Due 5/10/2023
100.000 1,000,000.00 0.00 1,000,000.00 0.00
Subtotal 1,500,000.00 1,500,000.00 0.00 1,500,000.00 0.00 Security
Withdrawal
05/10/2023 31846V807 3,391.46 First American Treasury MMF Class Y 1.000 3,391.46 0.00 3,391.46 0.00 Security
Withdrawal
05/25/2023 31846V807 250.00 First American Treasury MMF Class Y 1.000 250.00 0.00 250.00 0.00 Subtotal 3,641.46 3,641.46 0.00 3,641.46 0.00
TOTAL DISPOSITIONS 4,118,321.08 4,118,321.08 12,251.49 4,130,572.57 0.00

OTHER TRANSACTIONS
Interest 05/03/2023 00440EAV9 500,000.00 Chubb INA Holdings Inc Callable Note Cont 2/3/2026

3.35% Due 5/3/2026

0.000 8,375.00 0.00 8,375.00 0.00
Interest 05/03/2023 037833AK6 500,000.00 Apple Inc Note

2.4% Due 5/3/2023

0.000 6,000.00 0.00 6,000.00 0.00
Interest 05/06/2023 3133EMYR7 1,000,000.00 FFCB Callable Note Cont 5/6/2022

0.375% Due 5/6/2024

0.000 1,875.00 0.00 1,875.00 0.00
Interest 05/10/2023 02665WDH1 1,000,000.00 American Honda Finance Note

1.95% Due 5/10/2023

0.000 9,750.00 0.00 9,750.00 0.00
Interest 05/11/2023 166764BW9 700,000.00 Chevron Corp Callable Note Cont 4/11/2025

1.554% Due 5/11/2025

0.000 5,439.00 0.00 5,439.00 0.00
Chandler Asset Management - CONFIDENTIAL Page 10 Execution Time: 6/1/2023 11:21:44 PM Transaction Ledger
As of May 31, 2023
City of San Rafael
Account #11045
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

OTHER TRANSACTIONS
Interest 05/15/2023 717081DM2 500,000.00 Pfizer Inc. Note

3.4% Due 5/15/2024

0.000 8,500.00 0.00 8,500.00 0.00
Interest 05/15/2023 74456QBS4 337,000.00 Public Service El & Gas Callable Note Cont 2/15/2027
3% Due 5/15/2027

0.000 5,055.00 0.00 5,055.00 0.00
Interest 05/15/2023 91282CAW1 1,000,000.00 US Treasury Note

0.25% Due 11/15/2023

0.000 1,250.00 0.00 1,250.00 0.00
Interest 05/15/2023 91282CCC3 1,000,000.00 US Treasury Note

0.25% Due 5/15/2024

0.000 1,250.00 0.00 1,250.00 0.00
Interest 05/24/2023 14912L5X5 1,000,000.00 Caterpillar Finance Serv Corp Note

3.75% Due 11/24/2023

0.000 18,750.00 0.00 18,750.00 0.00
Interest 05/31/2023 9128285N6 500,000.00 US Treasury Note

2.875% Due 11/30/2025

0.000 7,187.50 0.00 7,187.50 0.00
Interest 05/31/2023 9128286X3 500,000.00 US Treasury Note

2.125% Due 5/31/2026

0.000 5,312.50 0.00 5,312.50 0.00
Interest 05/31/2023 912828U57 650,000.00 US Treasury Note

2.125% Due 11/30/2023

0.000 6,906.25 0.00 6,906.25 0.00
Interest 05/31/2023 912828YV6 700,000.00 US Treasury Note

1.5% Due 11/30/2024

0.000 5,250.00 0.00 5,250.00 0.00
Subtotal 9,887,000.00 90,900.25 0.00 90,900.25 0.00
Dividend 05/01/2023 31846V807 1,613,127.05 First American Treasury MMF Class Y 0.000 9,433.21 0.00 9,433.21 0.00 Subtotal 1,613,127.05 9,433.21 0.00 9,433.21 0.00
TOTAL OTHER TRANSACTIONS 11,500,127.05 100,333.46 0.00 100,333.46 0.00 Chandler Asset Management - CONFIDENTIAL Page 11 Execution Time: 6/1/2023 11:21:44 PM Income Earned
As of May 31, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

FIXED INCOME
00440EAV9 Chubb INA Holdings Inc
Callable Note Cont 2/3/2026

3.35% Due 05/03/2026
03/09/2023
03/13/2023
500,000.00
476,125.44

0.00 0.00
476,799.49
8,281.94
8,375.00
1,302.78
1,395.84
674.05

0.00 674.05
2,069.89
2,069.89
02582JJT8 American Express Credit Trust
2022-2 A

3.39% Due 05/17/2027
04/17/2023
04/19/2023
600,000.00
585,860.56

0.00 0.00
586,448.91
904.00
1,695.00
904.00
1,695.00
588.35

0.00 588.35
2,283.35
2,283.35
02665WDH1 American Honda Finance
Note
Due 05/10/2023
05/05/2021
05/05/2021

0.00 1,000,385.84

0.00 1,000,000.00

0.00 9,262.50
9,750.00

0.00 487.50

0.00 385.84
(385.84)
101.66
101.66
037833AK6 Apple Inc
Note
Due 05/03/2023
09/19/2019
09/19/2019

0.00 500,010.41

0.00 500,000.00

0.00 5,933.33
6,000.00

0.00 66.67

0.00 10.41
(10.41)

56.26 56.26
05522RDF2 Bank of America Credit Card Tr
2022-A2 A2
5% Due 04/15/2028
04/18/2023
04/20/2023
440,000.00
444,756.18

0.00 0.00
444,597.47
977.78
1,833.33
977.78
1,833.33

0.00 158.71
(158.71)
1,674.62
1,674.62
05593AAC3 BMW Vehicle Lease Trust
2023-1 A3

5.16% Due 11/25/2025
Various
02/15/2023
435,000.00
435,672.92

0.00 0.00
435,642.86
374.10
1,870.50
374.10
1,870.50

0.06 30.12
(30.06)
1,840.44
1,840.44
06406RBQ9 Bank of NY Mellon Corp
Callable Note Cont 4/26/2026

4.947% Due 04/26/2027
04/19/2023
04/26/2023
350,000.00
350,495.30

0.00 0.00
350,484.75
240.48

0.00 1,683.35
1,442.87

0.00 10.55
(10.55)
1,432.32
1,432.32
14912L5X5 Caterpillar Finance Serv Corp
Note

3.75% Due 11/24/2023
05/05/2021
05/05/2021
1,000,000.00
1,019,166.91

0.00 0.00
1,016,296.51
16,354.17
18,750.00
729.17
3,125.00

0.00 2,870.40
(2,870.40)
254.60
254.60
166764BW9 Chevron Corp
Callable Note Cont 4/11/2025

1.554% Due 05/11/2025
05/12/2022
05/12/2022
700,000.00
677,925.64

0.00 0.00
678,849.13
5,136.83
5,439.00
604.33
906.50
923.49

0.00 923.49
1,829.99
1,829.99
Chandler Asset Management - CONFIDENTIAL Page 12 Execution Time: 6/1/2023 11:21:44 PM Income Earned
As of May 31, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
17325FAS7 Citibank
Callable Note Cont 12/23/2023

3.65% Due 01/23/2024
05/19/2021
05/19/2021
500,000.00
511,310.00

0.00 0.00
509,996.85
4,968.06

0.00 6,488.89
1,520.83

0.00 1,313.15
(1,313.15)
207.68
207.68
24422EVN6 John Deere Capital Corp
Note

0.45% Due 01/17/2024
05/05/2021
05/05/2021
1,000,000.00
1,000,325.26

0.00 0.00
1,000,286.63
1,300.00

0.00 1,675.00
375.00

0.00 38.63
(38.63)
336.37
336.37
3130AMQQ8 FHLB
Callable Note Qtrly 12/23/2021

0.35% Due 04/23/2024
06/23/2021
06/23/2021
1,000,000.00
1,000,000.00

0.00 0.00
1,000,000.00
1,244.44

0.00 1,536.11
291.67

0.00 0.00

0.00 291.67
291.67
3130ATHT7 FHLB
Note

4.375% Due 09/12/2025
10/06/2022
10/06/2022
1,300,000.00
1,302,549.01

0.00 0.00
1,302,457.65
7,741.32

0.00 12,480.90
4,739.58

0.00 91.36
(91.36)
4,648.22
4,648.22
3130ATUC9 FHLB
Note

4.5% Due 12/12/2025
02/13/2023
02/14/2023
1,000,000.00
1,004,372.40

0.00 0.00
1,004,230.62
22,250.00

0.00 26,000.00
3,750.00

0.00 141.78
(141.78)
3,608.22
3,608.22
3130ATUS4 FHLB
Note

4.25% Due 12/10/2027
05/15/2023
05/16/2023
500,000.00

0.00 512,310.00

0.00 512,191.99

0.00 (11,333.33)
12,218.75
885.42

0.00 118.01
(118.01)
767.41
767.41
3130AV7L0 FHLB
Note
5% Due 02/28/2025
03/02/2023
03/03/2023
1,100,000.00
1,098,665.68

0.00 0.00
1,098,727.51
8,861.11

0.00 13,444.44
4,583.33

61.83 0.00

61.83 4,645.16
4,645.16
3133EMWV0 FFCB
Note

0.35% Due 04/22/2024
05/03/2021
05/03/2021
1,000,000.00
1,000,000.00

0.00 0.00
1,000,000.00

87.50 0.00
379.17
291.67

0.00 0.00

0.00 291.67
291.67
3133EMYR7 FFCB
Callable Note Cont 5/6/2022

0.375% Due 05/06/2024
05/06/2021
05/06/2021
1,000,000.00
1,000,000.00

0.00 0.00
1,000,000.00
1,822.92
1,875.00
260.42
312.50

0.00 0.00

0.00 312.50
312.50
Chandler Asset Management - CONFIDENTIAL Page 13 Execution Time: 6/1/2023 11:21:44 PM Income Earned
As of May 31, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3133EPBF1 FFCB
Note

4.875% Due 08/21/2024
02/15/2023
02/21/2023
1,000,000.00
998,680.48

0.00 0.00
998,766.05
9,479.17

0.00 13,541.67
4,062.50

85.57 0.00

85.57 4,148.07
4,148.07
3135G0U43 FNMA
Note

2.875% Due 09/12/2023
09/26/2019
09/26/2019
1,000,000.00
1,004,403.68

0.00 0.00
1,003,384.92
3,913.19

0.00 6,309.03
2,395.84

0.00 1,018.76
(1,018.76)
1,377.08
1,377.08
3135G0V34 FNMA
Note

2.5% Due 02/05/2024
10/24/2019
10/24/2019
600,000.00
603,804.21

0.00 0.00
603,383.03
3,583.33

0.00 4,833.33
1,250.00

0.00 421.18
(421.18)
828.82
828.82
3135G0V75 FNMA
Note

1.75% Due 07/02/2024
11/05/2019
11/05/2019
750,000.00
750,862.23

0.00 0.00
750,799.78
4,338.54

0.00 5,432.29
1,093.75

0.00 62.45
(62.45)
1,031.30
1,031.30
3136G46B4 FNMA
Callable Note Qtrly 01/26/2024

0.35% Due 04/26/2024
10/30/2020
10/30/2020
1,200,000.00
1,199,914.99

0.00 0.00
1,199,922.29

58.33 0.00
408.33
350.00

7.30 0.00

7.30 357.30
357.30
3137FETN0 FHLMC
K073 A2

3.35% Due 01/25/2028
05/24/2023
05/30/2023
670,000.00

0.00 643,932.81

0.00 643,963.46

0.00 (1,808.07)
374.08
(1,433.99)

30.65 0.00

30.65 (1,403.34)
(1,403.34)
3137FG6X8 FHLMC
K077 A2

3.85% Due 05/25/2028
05/24/2023
05/30/2023
780,000.00

0.00 765,679.69

0.00 765,695.41

0.00 (2,419.08)
500.50
(1,918.58)

15.72 0.00

15.72 (1,902.86)
(1,902.86)
341081GR2 Florida Power and Light
Callable Note Cont 4/15/2026

4.45% Due 05/15/2026
05/18/2023
05/22/2023
550,000.00

0.00 547,030.00

0.00 547,057.27

0.00 (271.94)
883.82
611.88

27.27 0.00

27.27 639.15
639.15
43815JAC7 Honda Auto Receivables Owner
2023-1 A3

5.04% Due 04/21/2027
02/16/2023
02/24/2023
120,000.00
119,978.98

0.00 0.00
119,979.58
168.00
504.00
168.00
504.00

0.60 0.00

0.60 504.60
504.60
Chandler Asset Management - CONFIDENTIAL Page 14 Execution Time: 6/1/2023 11:21:44 PM Income Earned
As of May 31, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
46647PBH8 JP Morgan Chase & Co
Callable Note Mthly 3/13/2025

2.005% Due 03/13/2026
04/05/2022
04/05/2022
600,000.00
583,630.98

0.00 0.00
584,115.64
1,604.00

0.00 2,606.50
1,002.50
484.66

0.00 484.66
1,487.16
1,487.16
47800CAC0 John Deere Owner Trust
2023-A A3

5.01% Due 11/15/2027
Various
Various
880,000.00
882,221.47

0.00 0.00
882,179.96
1,959.46
3,674.00
1,959.46
3,674.00

0.76 42.27
(41.51)
3,632.49
3,632.49
58768PAC8 Mercedes-Benz Auto Receivables
2022-1 A3

5.21% Due 08/16/2027
02/15/2023
02/17/2023
260,000.00
261,257.90

0.00 0.00
261,222.77
602.04
1,128.83
602.04
1,128.83

0.00 35.13
(35.13)
1,093.70
1,093.70
58933YBH7 Merck & Co
Callable Note Cont 4/17/2028

4.05% Due 05/17/2028
05/08/2023
05/17/2023
130,000.00

0.00 129,894.70

0.00 129,895.56

0.00 0.00
204.75
204.75

0.86 0.00

0.86 205.61
205.61
693475AV7 PNC Financial Services
Callable Note Cont 12/23/2023

3.5% Due 01/23/2024
07/29/2019
07/29/2019
900,000.00
909,438.51

0.00 0.00
908,342.65
8,575.00

0.00 11,200.00
2,625.00

0.00 1,095.86
(1,095.86)
1,529.14
1,529.14
69371RS49 Paccar Financial Corp
Note

4.45% Due 03/30/2026
03/28/2023
03/30/2023
600,000.00
599,644.69

0.00 0.00
599,655.04
2,299.17

0.00 4,524.17
2,225.00

10.35 0.00

10.35 2,235.35
2,235.35
713448CM8 Pepsico Inc.

Callable Note Cont 12/01/2023

3.6% Due 03/01/2024
06/23/2021
06/23/2021
500,000.00
511,636.28

0.00 0.00
510,453.57
3,000.00

0.00 4,500.00
1,500.00

0.00 1,182.71
(1,182.71)
317.29
317.29
717081DM2 Pfizer Inc.

Note

3.4% Due 05/15/2024
09/27/2021
09/27/2021
500,000.00
514,693.86

0.00 0.00
513,495.15
7,838.89
8,500.00
755.56
1,416.67

0.00 1,198.71
(1,198.71)
217.96
217.96
74456QBS4 Public Service El & Gas
Callable Note Cont 2/15/2027
3% Due 05/15/2027
04/18/2023
04/20/2023
337,000.00
318,809.60

0.00 0.00
319,191.90
4,661.83
5,055.00
449.33
842.50
382.30

0.00 382.30
1,224.80
1,224.80
Chandler Asset Management - CONFIDENTIAL Page 15 Execution Time: 6/1/2023 11:21:44 PM Income Earned
As of May 31, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
756109AU8 Realty Income Corp
Callable Note Cont 10/15/2027

3.65% Due 01/15/2028
04/10/2023
04/12/2023
500,000.00
474,521.45

0.00 0.00
474,980.66
5,373.61

0.00 6,894.44
1,520.83
459.21

0.00 459.21
1,980.04
1,980.04
89236THA6 Toyota Motor Credit Corp
Note

1.35% Due 08/25/2023
04/23/2021
04/23/2021
700,000.00
702,031.90

0.00 0.00
701,488.89
1,732.50

0.00 2,520.00
787.50

0.00 543.01
(543.01)
244.49
244.49
89236THU2 Toyota Motor Credit Corp
Note

0.45% Due 01/11/2024
09/27/2021
09/27/2021
480,000.00
479,799.42

0.00 0.00
479,823.80
660.00

0.00 840.00
180.00

24.38 0.00

24.38 204.38
204.38
89239HAD0 Toyota Auto Receivables Owner
20222-D A3

5.3% Due 09/15/2027
02/10/2023
02/14/2023
350,000.00
353,864.33

0.00 0.00
353,756.40
824.44
1,545.83
824.44
1,545.83

0.00 107.93
(107.93)
1,437.90
1,437.90
91159HHV5 US Bancorp
Callable Note Cont 1/5/2024

3.375% Due 02/05/2024
05/04/2021
05/04/2021
1,000,000.00
1,022,002.38

0.00 0.00
1,019,566.41
8,062.50

0.00 10,875.00
2,812.50

0.00 2,435.97
(2,435.97)
376.53
376.53
9128282D1 US Treasury
Note

1.375% Due 08/31/2023
12/23/2021
12/23/2021
1,250,000.00
1,253,163.08

0.00 0.00
1,252,359.35
2,895.72

0.00 4,343.58
1,447.86

0.00 803.73
(803.73)
644.13
644.13
9128282Y5 US Treasury
Note

2.125% Due 09/30/2024
08/25/2021
08/25/2021
1,000,000.00
1,023,703.64

0.00 0.00
1,022,285.08
1,799.86

0.00 3,599.73
1,799.87

0.00 1,418.56
(1,418.56)
381.31
381.31
9128285N6 US Treasury
Note

2.875% Due 11/30/2025
07/15/2022
07/15/2022
500,000.00
497,102.68

0.00 0.00
497,197.82
6,002.75
7,187.50

39.28 1,224.03

95.14 0.00

95.14 1,319.17
1,319.17
9128286X3 US Treasury
Note

2.125% Due 05/31/2026
09/30/2022
09/30/2022
500,000.00
471,373.79

0.00 0.00
472,161.90
4,436.81
5,312.50

29.03 904.72
788.11

0.00 788.11
1,692.83
1,692.83
Chandler Asset Management - CONFIDENTIAL Page 16 Execution Time: 6/1/2023 11:21:44 PM Income Earned
As of May 31, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
912828D56 US Treasury
Note

2.375% Due 08/15/2024
12/28/2021
12/28/2021
1,000,000.00
1,018,669.37

0.00 0.00
1,017,443.21
4,920.58

0.00 6,954.42
2,033.84

0.00 1,226.16
(1,226.16)
807.68
807.68
912828U57 US Treasury
Note

2.125% Due 11/30/2023
10/31/2019
10/31/2019
650,000.00
651,647.07

0.00 0.00
651,407.36
5,767.86
6,906.25

37.74 1,176.13

0.00 239.71
(239.71)
936.42
936.42
912828YM6 US Treasury
Note

1.5% Due 10/31/2024
12/28/2021
12/28/2021
1,000,000.00
1,007,893.98

0.00 0.00
1,007,448.24

40.76 0.00
1,304.35
1,263.59

0.00 445.74
(445.74)
817.85
817.85
912828YV6 US Treasury
Note

1.5% Due 11/30/2024
09/10/2021
09/10/2021
700,000.00
711,259.78

0.00 0.00
710,656.93
4,384.62
5,250.00

28.69 894.07

0.00 602.85
(602.85)
291.22
291.22
91282CAJ0 US Treasury
Note

0.25% Due 08/31/2025
06/30/2022
06/30/2022
1,200,000.00
1,123,346.02

0.00 0.00
1,126,131.80
505.43

0.00 758.15
252.72
2,785.78

0.00 2,785.78
3,038.50
3,038.50
91282CAM3 US Treasury
Note

0.25% Due 09/30/2025
07/15/2022
07/15/2022
500,000.00
467,213.31

0.00 0.00
468,364.37
105.87

0.00 211.75
105.88
1,151.06

0.00 1,151.06
1,256.94
1,256.94
91282CAW1 US Treasury
Note

0.25% Due 11/15/2023
05/03/2021
05/03/2021
1,000,000.00
1,000,025.77

0.00 0.00
1,000,021.74
1,153.31
1,250.00
115.49
212.18

0.00 4.03
(4.03)
208.15
208.15
91282CBA8 US Treasury
Note

0.125% Due 12/15/2023
10/07/2021
10/07/2021
1,200,000.00
1,198,449.52

0.00 0.00
1,198,660.33
564.56

0.00 692.31
127.75
210.81

0.00 210.81
338.56
338.56
91282CBQ3 US Treasury
Note

0.5% Due 02/28/2026
07/15/2022
07/15/2022
500,000.00
465,512.38

0.00 0.00
466,546.34
421.20

0.00 631.79
210.59
1,033.96

0.00 1,033.96
1,244.55
1,244.55
Chandler Asset Management - CONFIDENTIAL Page 17 Execution Time: 6/1/2023 11:21:44 PM Income Earned
As of May 31, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CBV2 US Treasury
Note

0.375% Due 04/15/2024
05/03/2021
05/03/2021
1,000,000.00
1,000,381.56

0.00 0.00
1,000,347.77
163.93

0.00 481.56
317.63

0.00 33.79
(33.79)
283.84
283.84
91282CBW0 US Treasury
Note

0.75% Due 04/30/2026
09/30/2022
09/30/2022
500,000.00
452,780.58

0.00 0.00
454,117.38

10.19 0.00
326.09
315.90
1,336.80

0.00 1,336.80
1,652.70
1,652.70
91282CCC3 US Treasury
Note

0.25% Due 05/15/2024
05/17/2021
05/17/2021
1,000,000.00
998,915.70

0.00 0.00
999,004.15
1,153.31
1,250.00
115.49
212.18

88.45 0.00

88.45 300.63
300.63
91282CCJ8 US Treasury
Note

0.875% Due 06/30/2026
09/30/2022
09/30/2022
500,000.00
452,371.31

0.00 0.00
453,648.55
1,462.36

0.00 1,837.02
374.66
1,277.24

0.00 1,277.24
1,651.90
1,651.90
91282CCK5 US Treasury
Note

0.125% Due 06/30/2023
01/13/2022
01/13/2022
800,000.00
799,194.72

0.00 0.00
799,610.78
334.25

0.00 419.89

85.64 416.06

0.00 416.06
501.70
501.70
91282CCN9 US Treasury
Note

0.125% Due 07/31/2023
01/13/2022
01/13/2022
1,000,000.00
998,355.55

0.00 0.00
998,915.75
310.77

0.00 417.82
107.05
560.20

0.00 560.20
667.25
667.25
91282CGC9 US Treasury
Note

3.875% Due 12/31/2027
02/06/2023
02/07/2023
1,000,000.00
1,001,378.22

0.00 0.00
1,001,353.16
12,952.35

0.00 16,270.72
3,318.37

0.00 25.06
(25.06)
3,293.31
3,293.31
91282CGE5 US Treasury
Note

3.875% Due 01/15/2026
02/06/2023
02/07/2023
1,000,000.00
993,476.60

0.00 0.00
993,680.87
11,346.69

0.00 14,665.06
3,318.37
204.27

0.00 204.27
3,522.64
3,522.64
Total Fixed Income 44,632,000.00
43,285,033.52
2,598,847.20
1,500,000.00
44,379,493.44
225,207.66
87,319.32
215,545.89
77,657.55
13,725.29
18,112.57
(4,387.28)
73,270.27 73,270.27
Chandler Asset Management - CONFIDENTIAL Page 18 Execution Time: 6/1/2023 11:21:44 PM Income Earned
As of May 31, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

CASH & EQUIVALENT
31846V807 First American
Treasury MMF Class Y
Various
Various
607,390.92
1,613,127.05
1,612,584.95
2,618,321.08
607,390.92

0.00 9,433.21

0.00 9,433.21

0.00 0.00

0.00 9,433.21
9,433.21
96130ASC3 Westpac Banking Corp NY
Yankee CD

5.38% Due 02/16/2024
02/16/2023
02/17/2023
375,000.00
375,112.75

0.00 0.00
375,100.74
4,147.08

0.00 5,884.38
1,737.30

0.00 12.01
(12.01)
1,725.29
1,725.29
Total Cash & Equivalent 982,390.92
1,988,239.80
1,612,584.95
2,618,321.08
982,491.66
4,147.08
9,433.21
5,884.38
11,170.51

0.00 12.01
(12.01)
11,158.50 11,158.50
TOTAL PORTFOLIO 45,614,390.92
45,273,273.32
4,211,432.15
4,118,321.08
45,361,985.10
229,354.74
96,752.53
221,430.27
88,828.06
13,725.29
18,124.58
(4,399.29)
84,428.77 84,428.77
Chandler Asset Management - CONFIDENTIAL Page 19 Execution Time: 6/1/2023 11:21:44 PM Cash Flow Report
As of May 31, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/10/2023 Interest 3130ATUS4 500,000.00 FHLB Note

4.25% Due 12/10/2027

0.00 12,750.00 12,750.00
06/12/2023 Interest 3130ATUC9 1,000,000.00 FHLB Note

4.5% Due 12/12/2025

0.00 27,375.00 27,375.00
06/15/2023 Interest 91282CBA8 1,200,000.00 US Treasury Note

0.125% Due 12/15/2023

0.00 750.00 750.00
06/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
06/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,562.12 3,674.00 18,236.12
06/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
06/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
06/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
06/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
06/23/2023 Interest 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021

0.35% Due 4/23/2024

0.00 1,750.00 1,750.00
06/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2

3.85% Due 5/25/2028
11,646.11 2,502.50 14,148.61
06/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
06/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2

3.35% Due 1/25/2028

0.00 1,870.42 1,870.42
06/30/2023 Interest 91282CCJ8 500,000.00 US Treasury Note

0.875% Due 6/30/2026

0.00 2,187.50 2,187.50
06/30/2023 Interest 91282CGC9 1,000,000.00 US Treasury Note

3.875% Due 12/31/2027

0.00 19,375.00 19,375.00
06/30/2023 Maturity 91282CCK5 800,000.00 US Treasury Note

0.125% Due 6/30/2023
800,000.00 500.00 800,500.00
JUN 2023 826,208.23 81,311.91 907,520.14
Chandler Asset Management - CONFIDENTIAL Page 20 Execution Time: 6/1/2023 11:21:44 PM Cash Flow Report
As of May 31, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/02/2023 Interest 3135G0V75 750,000.00 FNMA Note

1.75% Due 7/2/2024

0.00 6,562.50 6,562.50
07/11/2023 Interest 89236THU2 480,000.00 Toyota Motor Credit Corp Note

0.45% Due 1/11/2024

0.00 1,080.00 1,080.00
07/15/2023 Interest 91282CGE5 1,000,000.00 US Treasury Note

3.875% Due 1/15/2026

0.00 19,375.00 19,375.00
07/15/2023 Interest 756109AU8 500,000.00 Realty Income Corp Callable Note Cont 10/15/2027

3.65% Due 1/15/2028

0.00 9,125.00 9,125.00
07/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
07/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
07/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
07/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,622.92 3,613.20 18,236.12
07/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
07/17/2023 Interest 24422EVN6 1,000,000.00 John Deere Capital Corp Note

0.45% Due 1/17/2024

0.00 2,250.00 2,250.00
07/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
07/23/2023 Interest 17325FAS7 500,000.00 Citibank Callable Note Cont 12/23/2023

3.65% Due 1/23/2024

0.00 9,125.00 9,125.00
07/23/2023 Interest 693475AV7 900,000.00 PNC Financial Services Callable Note Cont 12/23/2023

3.5% Due 1/23/2024

0.00 15,750.00 15,750.00
07/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2

3.85% Due 5/25/2028
11,688.81 2,465.14 14,153.95
07/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
07/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2

3.35% Due 1/25/2028

0.00 1,870.42 1,870.42
Chandler Asset Management - CONFIDENTIAL Page 21 Execution Time: 6/1/2023 11:21:44 PM Cash Flow Report
As of May 31, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/31/2023 Maturity 91282CCN9 1,000,000.00 US Treasury Note

0.125% Due 7/31/2023
1,000,000.00 625.00 1,000,625.00
JUL 2023 1,026,311.73 80,418.75 1,106,730.48
08/05/2023 Interest 3135G0V34 600,000.00 FNMA Note

2.5% Due 2/5/2024

0.00 7,500.00 7,500.00
08/05/2023 Interest 91159HHV5 1,000,000.00 US Bancorp Callable Note Cont 1/5/2024

3.375% Due 2/5/2024

0.00 16,875.00 16,875.00
08/15/2023 Interest 912828D56 1,000,000.00 US Treasury Note

2.375% Due 8/15/2024

0.00 11,875.00 11,875.00
08/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
08/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
08/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
08/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,683.97 3,552.15 18,236.12
08/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
08/21/2023 Interest 3133EPBF1 1,000,000.00 FFCB Note

4.875% Due 8/21/2024

0.00 24,375.00 24,375.00
08/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
08/25/2023 Maturity 89236THA6 700,000.00 Toyota Motor Credit Corp Note

1.35% Due 8/25/2023
700,000.00 4,725.00 704,725.00
08/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
08/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2

3.35% Due 1/25/2028

0.00 1,870.42 1,870.42
08/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2

3.85% Due 5/25/2028
11,731.68 2,427.63 14,159.31
08/28/2023 Interest 3130AV7L0 1,100,000.00 FHLB Note
5% Due 2/28/2025

0.00 26,736.11 26,736.11
Chandler Asset Management - CONFIDENTIAL Page 22 Execution Time: 6/1/2023 11:21:44 PM Cash Flow Report
As of May 31, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/31/2023 Interest 91282CAJ0 1,200,000.00 US Treasury Note

0.25% Due 8/31/2025

0.00 1,500.00 1,500.00
08/31/2023 Interest 91282CBQ3 500,000.00 US Treasury Note

0.5% Due 2/28/2026

0.00 1,250.00 1,250.00
08/31/2023 Maturity 9128282D1 1,250,000.00 US Treasury Note

1.375% Due 8/31/2023
1,250,000.00 8,593.75 1,258,593.75
AUG 2023 1,976,415.65 119,857.55 2,096,273.20
09/01/2023 Interest 713448CM8 500,000.00 Pepsico Inc. Callable Note Cont 12/01/2023

3.6% Due 3/1/2024

0.00 9,000.00 9,000.00
09/12/2023 Interest 3130ATHT7 1,300,000.00 FHLB Note

4.375% Due 9/12/2025

0.00 28,437.50 28,437.50
09/12/2023 Maturity 3135G0U43 1,000,000.00 FNMA Note

2.875% Due 9/12/2023
1,000,000.00 14,375.00 1,014,375.00
09/13/2023 Interest 46647PBH8 600,000.00 JP Morgan Chase & Co Callable Note Mthly 3/13/2025

2.005% Due 3/13/2026

0.00 6,015.00 6,015.00
09/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
09/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
09/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,745.28 3,490.84 18,236.12
09/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
09/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
09/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
09/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2

3.35% Due 1/25/2028

0.00 1,870.42 1,870.42
09/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
09/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2

3.85% Due 5/25/2028
11,774.70 2,389.99 14,164.69
Chandler Asset Management - CONFIDENTIAL Page 23 Execution Time: 6/1/2023 11:21:44 PM Cash Flow Report
As of May 31, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/30/2023 Interest 69371RS49 600,000.00 Paccar Financial Corp Note

4.45% Due 3/30/2026

0.00 13,350.00 13,350.00
09/30/2023 Interest 9128282Y5 1,000,000.00 US Treasury Note

2.125% Due 9/30/2024

0.00 10,625.00 10,625.00
09/30/2023 Interest 91282CAM3 500,000.00 US Treasury Note

0.25% Due 9/30/2025

0.00 625.00 625.00
SEP 2023 1,026,519.98 98,756.24 1,125,276.22
10/15/2023 Interest 91282CBV2 1,000,000.00 US Treasury Note

0.375% Due 4/15/2024

0.00 1,875.00 1,875.00
10/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
10/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
10/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
10/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,806.84 3,429.28 18,236.12
10/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
10/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
10/22/2023 Interest 3133EMWV0 1,000,000.00 FFCB Note

0.35% Due 4/22/2024

0.00 1,750.00 1,750.00
10/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
10/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2

3.85% Due 5/25/2028
11,817.86 2,352.22 14,170.08
10/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2

3.35% Due 1/25/2028

0.00 1,870.42 1,870.42
10/26/2023 Interest 3136G46B4 1,200,000.00 FNMA Callable Note Qtrly 01/26/2024

0.35% Due 4/26/2024

0.00 2,100.00 2,100.00
10/26/2023 Interest 06406RBQ9 350,000.00 Bank of NY Mellon Corp Callable Note Cont 4/26/2026

4.947% Due 4/26/2027

0.00 8,657.25 8,657.25
Chandler Asset Management - CONFIDENTIAL Page 24 Execution Time: 6/1/2023 11:21:44 PM Cash Flow Report
As of May 31, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/31/2023 Interest 912828YM6 1,000,000.00 US Treasury Note

1.5% Due 10/31/2024

0.00 7,500.00 7,500.00
10/31/2023 Interest 91282CBW0 500,000.00 US Treasury Note

0.75% Due 4/30/2026

0.00 1,875.00 1,875.00
OCT 2023 26,624.70 39,986.66 66,611.36
11/03/2023 Interest 00440EAV9 500,000.00 Chubb INA Holdings Inc Callable Note Cont 2/3/2026

3.35% Due 5/3/2026

0.00 8,375.00 8,375.00
11/06/2023 Interest 3133EMYR7 1,000,000.00 FFCB Callable Note Cont 5/6/2022

0.375% Due 5/6/2024

0.00 1,875.00 1,875.00
11/11/2023 Interest 166764BW9 700,000.00 Chevron Corp Callable Note Cont 4/11/2025

1.554% Due 5/11/2025

0.00 5,439.00 5,439.00
11/15/2023 Interest 91282CCC3 1,000,000.00 US Treasury Note

0.25% Due 5/15/2024

0.00 1,250.00 1,250.00
11/15/2023 Interest 341081GR2 550,000.00 Florida Power and Light Callable Note Cont 4/15/2026

4.45% Due 5/15/2026

0.00 12,033.54 12,033.54
11/15/2023 Interest 717081DM2 500,000.00 Pfizer Inc. Note

3.4% Due 5/15/2024

0.00 8,500.00 8,500.00
11/15/2023 Interest 74456QBS4 337,000.00 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 5/15/2027

0.00 5,055.00 5,055.00
11/15/2023 Maturity 91282CAW1 1,000,000.00 US Treasury Note

0.25% Due 11/15/2023
1,000,000.00 1,250.00 1,001,250.00
11/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
11/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
11/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
11/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,868.66 3,367.46 18,236.12
11/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
11/17/2023 Interest 58933YBH7 130,000.00 Merck & Co Callable Note Cont 4/17/2028

4.05% Due 5/17/2028

0.00 2,632.50 2,632.50
Chandler Asset Management - CONFIDENTIAL Page 25 Execution Time: 6/1/2023 11:21:44 PM Cash Flow Report
As of May 31, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
11/24/2023 Maturity 14912L5X5 1,000,000.00 Caterpillar Finance Serv Corp Note

3.75% Due 11/24/2023
1,000,000.00 18,750.00 1,018,750.00
11/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
11/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2

3.85% Due 5/25/2028
11,861.20 2,314.30 14,175.50
11/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2

3.35% Due 1/25/2028

0.00 1,870.42 1,870.42
11/30/2023 Interest 9128285N6 500,000.00 US Treasury Note

2.875% Due 11/30/2025

0.00 7,187.50 7,187.50
11/30/2023 Interest 9128286X3 500,000.00 US Treasury Note

2.125% Due 5/31/2026

0.00 5,312.50 5,312.50
11/30/2023 Interest 912828YV6 700,000.00 US Treasury Note

1.5% Due 11/30/2024

0.00 5,250.00 5,250.00
11/30/2023 Maturity 912828U57 650,000.00 US Treasury Note

2.125% Due 11/30/2023
650,000.00 6,906.25 656,906.25
NOV 2023 2,676,729.86 105,945.96 2,782,675.82
12/10/2023 Interest 3130ATUS4 500,000.00 FHLB Note

4.25% Due 12/10/2027

0.00 10,625.00 10,625.00
12/12/2023 Interest 3130ATUC9 1,000,000.00 FHLB Note

4.5% Due 12/12/2025

0.00 22,500.00 22,500.00
12/15/2023 Maturity 91282CBA8 1,200,000.00 US Treasury Note

0.125% Due 12/15/2023
1,200,000.00 750.00 1,200,750.00
12/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,930.72 3,305.40 18,236.12
12/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
12/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
12/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
Chandler Asset Management - CONFIDENTIAL Page 26 Execution Time: 6/1/2023 11:21:44 PM Cash Flow Report
As of May 31, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
12/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
12/23/2023 Interest 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021

0.35% Due 4/23/2024

0.00 1,750.00 1,750.00
12/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
12/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2

3.85% Due 5/25/2028
11,904.69 2,276.25 14,180.94
12/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2

3.35% Due 1/25/2028

0.00 1,870.42 1,870.42
12/31/2023 Interest 91282CGC9 1,000,000.00 US Treasury Note

3.875% Due 12/31/2027

0.00 19,375.00 19,375.00
12/31/2023 Interest 91282CCJ8 500,000.00 US Treasury Note

0.875% Due 6/30/2026

0.00 2,187.50 2,187.50
DEC 2023 1,226,835.41 73,217.06 1,300,052.47
01/02/2024 Interest 3135G0V75 750,000.00 FNMA Note

1.75% Due 7/2/2024

0.00 6,562.50 6,562.50
01/11/2024 Maturity 89236THU2 480,000.00 Toyota Motor Credit Corp Note

0.45% Due 1/11/2024
480,000.00 1,080.00 481,080.00
01/15/2024 Interest 756109AU8 500,000.00 Realty Income Corp Callable Note Cont 10/15/2027

3.65% Due 1/15/2028

0.00 9,125.00 9,125.00
01/15/2024 Interest 91282CGE5 1,000,000.00 US Treasury Note

3.875% Due 1/15/2026

0.00 19,375.00 19,375.00
01/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
01/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
01/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
01/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
14,993.06 3,243.06 18,236.12
Chandler Asset Management - CONFIDENTIAL Page 27 Execution Time: 6/1/2023 11:21:44 PM Cash Flow Report
As of May 31, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
01/17/2024 Maturity 24422EVN6 1,000,000.00 John Deere Capital Corp Note

0.45% Due 1/17/2024
1,000,000.00 2,250.00 1,002,250.00
01/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
01/23/2024 Maturity 17325FAS7 500,000.00 Citibank Callable Note Cont 12/23/2023

3.65% Due 1/23/2024
500,000.00 9,125.00 509,125.00
01/23/2024 Maturity 693475AV7 900,000.00 PNC Financial Services Callable Note Cont 12/23/2023

3.5% Due 1/23/2024
900,000.00 15,750.00 915,750.00
01/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
01/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2

3.35% Due 1/25/2028

0.00 1,870.42 1,870.42
01/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2

3.85% Due 5/25/2028
11,948.34 2,238.05 14,186.39
JAN 2024 2,906,941.40 79,196.52 2,986,137.92
02/05/2024 Maturity 3135G0V34 600,000.00 FNMA Note

2.5% Due 2/5/2024
600,000.00 7,500.00 607,500.00
02/05/2024 Maturity 91159HHV5 1,000,000.00 US Bancorp Callable Note Cont 1/5/2024

3.375% Due 2/5/2024
1,000,000.00 16,875.00 1,016,875.00
02/15/2024 Interest 912828D56 1,000,000.00 US Treasury Note

2.375% Due 8/15/2024

0.00 11,875.00 11,875.00
02/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
15,055.66 3,180.46 18,236.12
02/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
02/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
02/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
02/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
Chandler Asset Management - CONFIDENTIAL Page 28 Execution Time: 6/1/2023 11:21:44 PM Cash Flow Report
As of May 31, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/16/2024 Maturity 96130ASC3 375,000.00 Westpac Banking Corp NY Yankee CD

5.38% Due 2/16/2024
375,000.00 20,455.21 395,455.21
02/21/2024 Interest 3133EPBF1 1,000,000.00 FFCB Note

4.875% Due 8/21/2024

0.00 24,375.00 24,375.00
02/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
02/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2

3.85% Due 5/25/2028
11,992.15 2,199.72 14,191.87
02/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
02/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2

3.35% Due 1/25/2028

0.00 1,870.42 1,870.42
02/28/2024 Interest 3130AV7L0 1,100,000.00 FHLB Note
5% Due 2/28/2025

0.00 27,500.00 27,500.00
02/29/2024 Interest 91282CAJ0 1,200,000.00 US Treasury Note

0.25% Due 8/31/2025

0.00 1,500.00 1,500.00
02/29/2024 Interest 91282CBQ3 500,000.00 US Treasury Note

0.5% Due 2/28/2026

0.00 1,250.00 1,250.00
FEB 2024 2,002,047.81 127,158.30 2,129,206.11
03/01/2024 Maturity 713448CM8 500,000.00 Pepsico Inc. Callable Note Cont 12/01/2023

3.6% Due 3/1/2024
500,000.00 9,000.00 509,000.00
03/12/2024 Interest 3130ATHT7 1,300,000.00 FHLB Note

4.375% Due 9/12/2025

0.00 28,437.50 28,437.50
03/13/2024 Interest 46647PBH8 600,000.00 JP Morgan Chase & Co Callable Note Mthly 3/13/2025

2.005% Due 3/13/2026

0.00 6,015.00 6,015.00
03/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
03/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
03/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
15,118.51 3,117.61 18,236.12
03/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
Chandler Asset Management - CONFIDENTIAL Page 29 Execution Time: 6/1/2023 11:21:44 PM Cash Flow Report
As of May 31, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
03/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
03/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2

3.35% Due 1/25/2028

0.00 1,870.42 1,870.42
03/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2

3.85% Due 5/25/2028
12,036.13 2,161.24 14,197.37
03/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
03/30/2024 Interest 69371RS49 600,000.00 Paccar Financial Corp Note

4.45% Due 3/30/2026

0.00 13,350.00 13,350.00
03/31/2024 Interest 9128282Y5 1,000,000.00 US Treasury Note

2.125% Due 9/30/2024

0.00 10,625.00 10,625.00
03/31/2024 Interest 91282CAM3 500,000.00 US Treasury Note

0.25% Due 9/30/2025

0.00 625.00 625.00
MAR 2024 527,154.64 83,779.26 610,933.90
04/15/2024 Maturity 91282CBV2 1,000,000.00 US Treasury Note

0.375% Due 4/15/2024
1,000,000.00 1,875.00 1,001,875.00
04/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
15,181.64 3,054.48 18,236.12
04/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
04/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
04/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
04/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
04/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
04/22/2024 Maturity 3133EMWV0 1,000,000.00 FFCB Note

0.35% Due 4/22/2024
1,000,000.00 1,750.00 1,001,750.00
Chandler Asset Management - CONFIDENTIAL Page 30 Execution Time: 6/1/2023 11:21:44 PM Cash Flow Report
As of May 31, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/23/2024 Maturity 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021

0.35% Due 4/23/2024
1,000,000.00 1,166.67 1,001,166.67
04/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2

3.35% Due 1/25/2028

0.00 1,870.42 1,870.42
04/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
04/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2

3.85% Due 5/25/2028
12,080.25 2,122.63 14,202.88
04/26/2024 Interest 06406RBQ9 350,000.00 Bank of NY Mellon Corp Callable Note Cont 4/26/2026

4.947% Due 4/26/2027

0.00 8,657.25 8,657.25
04/26/2024 Maturity 3136G46B4 1,200,000.00 FNMA Callable Note Qtrly 01/26/2024

0.35% Due 4/26/2024
1,200,000.00 2,100.00 1,202,100.00
04/30/2024 Interest 912828YM6 1,000,000.00 US Treasury Note

1.5% Due 10/31/2024

0.00 7,500.00 7,500.00
04/30/2024 Interest 91282CBW0 500,000.00 US Treasury Note

0.75% Due 4/30/2026

0.00 1,875.00 1,875.00
APR 2024 4,227,261.89 40,548.94 4,267,810.83
05/03/2024 Interest 00440EAV9 500,000.00 Chubb INA Holdings Inc Callable Note Cont 2/3/2026

3.35% Due 5/3/2026

0.00 8,375.00 8,375.00
05/06/2024 Maturity 3133EMYR7 1,000,000.00 FFCB Callable Note Cont 5/6/2022

0.375% Due 5/6/2024
1,000,000.00 1,875.00 1,001,875.00
05/11/2024 Interest 166764BW9 700,000.00 Chevron Corp Callable Note Cont 4/11/2025

1.554% Due 5/11/2025

0.00 5,439.00 5,439.00
05/15/2024 Interest 74456QBS4 337,000.00 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 5/15/2027

0.00 5,055.00 5,055.00
05/15/2024 Interest 341081GR2 550,000.00 Florida Power and Light Callable Note Cont 4/15/2026

4.45% Due 5/15/2026

0.00 12,237.50 12,237.50
05/15/2024 Maturity 717081DM2 500,000.00 Pfizer Inc. Note

3.4% Due 5/15/2024
500,000.00 8,500.00 508,500.00
05/15/2024 Maturity 91282CCC3 1,000,000.00 US Treasury Note

0.25% Due 5/15/2024
1,000,000.00 1,250.00 1,001,250.00
Chandler Asset Management - CONFIDENTIAL Page 31 Execution Time: 6/1/2023 11:21:44 PM Cash Flow Report
As of May 31, 2023
City of San Rafael
Account #11045
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3

5.3% Due 9/15/2027

0.00 1,545.83 1,545.83
05/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
15,245.02 2,991.10 18,236.12
05/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027

0.00 1,695.00 1,695.00
05/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028

0.00 1,833.33 1,833.33
05/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3

5.21% Due 8/16/2027

0.00 1,128.83 1,128.83
05/17/2024 Interest 58933YBH7 130,000.00 Merck & Co Callable Note Cont 4/17/2028

4.05% Due 5/17/2028

0.00 2,632.50 2,632.50
05/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027

0.00 504.00 504.00
05/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025

0.00 1,870.50 1,870.50
05/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2

3.35% Due 1/25/2028

0.00 1,870.42 1,870.42
05/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2

3.85% Due 5/25/2028
12,124.55 2,083.87 14,208.42
MAY 2024 2,527,369.57 60,886.88 2,588,256.45
TOTAL 20,976,420.87 991,064.03 21,967,484.90
Chandler Asset Management - CONFIDENTIAL Page 32 Execution Time: 6/1/2023 11:21:44 PM Important Disclosures City of San Rafael
Account #11045
Chandler Asset Management, Inc. ;͞Chandler͟Ϳis an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV). To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

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

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

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

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

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

THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES OR

THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN "AS IS" BASIS AND LICENSEE'S USE IS AT LICENSEE'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

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

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

Security level ratings for U.S. Agency issued mortgage-backed securities ;͞MBS͟Ϳreflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody͛s and Fitch respectively.

Chandler Asset Management - CONFIDENTIAL Page 33 Execution Time: 6/1/2023 11:21:44 PM Benchmark Index & Disclosures City of San Rafael
Account #11045
Benchmark Index Disclosure
ICE BofA 1-3 Yr US Treasury & Agency
Index
The ICE BofA 1-3 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody͛s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

Chandler Asset Management - CONFIDENTIAL Page 34 Execution Time: 6/1/2023 11:21:44 PM

MONTHLY ACCOUNT STATEMENT
City of San Rafael - Account #11045
JUNE 1, 2023 THROUGH JUNE 30, 2023
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.

CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian
US Bank
Alexander Bazan
(503) 402-5305

ACCOUNT SUMMARY
Beg. Values
as of 5/31/23
End Values
as of 6/30/23
Market Value 44,448,734 44,356,892
Accrued Interest 221,430 226,475
Total Market Value 44,670,165 44,583,366
Income Earned 84,429 99,992
Cont/WD -3,646
Par 45,614,391 45,741,916
Book Value 45,361,985 45,406,911
Cost Value 45,672,690 45,690,591

TOP ISSUERS
Government of United States 34.4%
Federal Home Loan Bank 13.8%
Federal Home Loan Mortgage Corp 7.2%
Federal Farm Credit Bank 6.6%
Federal National Mortgage Assoc 5.6%
Toyota Motor Corp 2.6%
US Bancorp 2.2%
Caterpillar Inc 2.2%
Total 74.6%

PORTFOLIO CHARACTERISTICS
Average Modified Duration 1.63
Average Coupon 2.65%
Average Purchase YTM 2.65%
Average Market YTM 5.16%
Average S&P/Moody Rating AA/Aa1
Average Final Maturity 1.92 yrs
Average Life 1.75 yrs

SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (S&P) Portfolio Summary
As of June 30, 2023
City of San Rafael
Account #11045

PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS 6/30/2023 City of San Rafael N/A N/A N/A N/A N/A N/A N/A N/A N/A
ICE BofA 1-3 Yr US Treasury & Agency Index N/A N/A N/A N/A N/A N/A N/A N/A N/A Chandler Asset Management - CONFIDENTIAL Page 1 Execution Time: 7/4/2023 2:22:31 PM Holdings Report
As of June 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
05593AAC3 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025
435,000.00 Various

5.11%
435,745.64
435,613.77

99.33 5.75%
432,075.93
374.10

0.97%
(3,537.84)
Aaa / AAA
NR

2.41 1.26
43815JAC7 Honda Auto Receivables Owner 2023-1
A3

5.04% Due 4/21/2027
120,000.00 02/16/2023

5.10%
119,977.70
119,980.16

99.35 5.43%
119,222.88
168.00

0.27%
(757.28)
Aaa / NR
AAA

3.81 1.92
02582JJT8 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027
600,000.00 04/17/2023

4.65%
585,632.81
587,018.29

96.51 5.43%
579,035.40
904.00

1.30%
(7,982.89)

NR / AAA
AAA

3.88 1.75
58768PAC8 Mercedes-Benz Auto Receivables 2022-
1 A3

5.21% Due 8/16/2027
260,000.00 02/15/2023

5.02%
261,340.63
261,188.78

99.54 5.56%
258,808.16
602.04

0.58%
(2,380.62)
Aaa / AAA
NR

4.13 1.57
89239HAD0 Toyota Auto Receivables Owner 20222-
D A3

5.3% Due 9/15/2027
350,000.00 02/10/2023

4.82%
354,128.91
353,651.96

99.88 5.42%
349,565.65
824.44

0.79%
(4,086.31)
Aaa / NR
AAA

4.21 1.93
47800CAC0 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
880,000.00 Various

4.95%
882,243.24
882,139.79

99.11 5.53%
872,156.66
1,959.46

1.96%
(9,983.13)
Aaa / NR
AAA

4.38 1.92
05522RDF2 Bank of America Credit Card Tr 2022-A2
A2
5% Due 4/15/2028
440,000.00 04/18/2023

4.59%
444,812.50
444,443.88

99.50 5.28%
437,795.16
977.78

0.98%
(6,648.72)
Aaa / AAA
NR

4.80 2.17
Total ABS 3,085,000.00 4.86%
3,083,881.43
3,084,036.63 5.49%
3,048,659.84
5,809.82

6.85%
(35,376.79)
Aaa / AAA
AAA

4.00 1.80
AGENCY
3135G0V34 FNMA Note

2.5% Due 2/5/2024
600,000.00 10/24/2019

1.64%
621,262.80
602,975.43

98.23 5.55%
589,376.40
6,083.33

1.34%
(13,599.03)
Aaa / AA+
AAA

0.60 0.57
3133EMWV0 FFCB Note

0.35% Due 4/22/2024
1,000,000.00 05/03/2021

0.35%
1,000,000.00
1,000,000.00

96.10 5.33%
960,978.00
670.83

2.16%
(39,022.00)
Aaa / AA+
AAA

0.81 0.79
3130AMQQ8 FHLB Callable Note Qtrly 12/23/2021

0.35% Due 4/23/2024
1,000,000.00 06/23/2021

0.35%
1,000,000.00
1,000,000.00

95.87 5.62%
958,664.00

77.78 2.15%
(41,336.00)
Aaa / AA+
NR

0.82 0.79
3136G46B4 FNMA Callable Note Qtrly 01/26/2024

0.35% Due 4/26/2024
1,200,000.00 10/30/2020

0.36%
1,199,700.00
1,199,929.36

95.98 5.42%
1,151,728.80
758.33

2.59%
(48,200.56)
Aaa / AA+
AAA

0.82 0.80
3133EMYR7 FFCB Callable Note Cont 5/6/2022

0.375% Due 5/6/2024
1,000,000.00 05/06/2021

0.38%
1,000,000.00
1,000,000.00

95.70 5.62%
957,047.00
572.92

2.15%
(42,953.00)
Aaa / AA+
AAA

0.85 0.83
3135G0V75 FNMA Note

1.75% Due 7/2/2024
750,000.00 11/05/2019

1.65%
753,426.75
750,739.34

96.43 5.44%
723,240.00
6,526.04

1.64%
(27,499.34)
Aaa / AA+
AAA

1.01 0.97
Chandler Asset Management - CONFIDENTIAL Page 2 Execution Time: 7/4/2023 2:22:31 PM Holdings Report
As of June 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
AGENCY
3133EPBF1 FFCB Note

4.875% Due 8/21/2024
1,000,000.00 02/15/2023

4.98%
998,490.00
998,848.87

99.23 5.57%
992,314.00
17,604.17

2.27%
(6,534.87)
Aaa / AA+
AAA

1.15 1.08
3130AV7L0 FHLB Note
5% Due 2/28/2025
1,100,000.00 03/02/2023

5.07%
1,098,548.00
1,098,787.34

99.73 5.17%
1,097,037.70
18,027.78

2.50%
(1,749.64)
Aaa / AA+
AAA

1.67 1.55
3130AWER7 FHLB Note

4.625% Due 6/6/2025
775,000.00 06/09/2023

4.67%
774,356.75
774,373.61

99.28 5.02%
769,442.48
1,891.75

1.73%
(4,931.13)
Aaa / AA+
NR

1.94 1.82
3130ATHT7 FHLB Note

4.375% Due 9/12/2025
1,300,000.00 10/06/2022

4.29%
1,303,159.00
1,302,369.25

98.82 4.94%
1,284,702.90
17,220.49

2.92%
(17,666.35)
Aaa / AA+
NR

2.21 2.04
3130ATUC9 FHLB Note

4.5% Due 12/12/2025
1,000,000.00 02/13/2023

4.32%
1,004,720.00
1,004,093.41

99.14 4.87%
991,429.00
2,375.00

2.23%
(12,664.41)
Aaa / AA+
NR

2.45 2.29
3130AWGR5 FHLB Note

4.375% Due 6/12/2026
525,000.00 06/28/2023

4.43%
524,165.25
524,166.80

99.53 4.55%
522,522.53
638.02

1.17%
(1,644.27)
Aaa / AA+
AA+

2.95 2.73
3130ATUS4 FHLB Note

4.25% Due 12/10/2027
500,000.00 05/15/2023

3.66%
512,310.00
511,970.72

99.66 4.34%
498,284.50
1,239.58

1.12%
(13,686.22)
Aaa / AA+
NR

4.45 4.00
Total Agency 11,750,000.00 2.72%
11,790,138.55
11,768,254.13 5.23%
11,496,767.31
73,686.02

25.95%
(271,486.82)
Aaa / AA+
AAA

1.56 1.46
CMO
3137BVZ82 FHLMC K063

3.43% Due 1/25/2027
700,000.00 06/07/2023

4.55%
674,542.97
674,908.57

95.56 4.82%
668,891.30
2,000.83

1.50%
(6,017.27)

NR / NR
AAA

3.58 3.14
3137F1G44 FHLMC K065 A2

3.243% Due 4/25/2027
450,000.00 06/08/2023

4.42%
431,736.33
431,969.15

95.00 4.70%
427,496.40
1,216.13

0.96%
(4,472.75)

NR / NR
AAA

3.82 3.42
3137FBBX3 FHLMC K068 A2

3.244% Due 8/25/2027
240,000.00 06/08/2023

4.38%
229,940.63
230,060.54

94.54 4.71%
226,897.92
648.80

0.51%
(3,162.62)
Aaa / NR
NR

4.16 3.72
3137FBU79 FHLMC K069 A2

3.187% Due 9/25/2027
500,000.00 06/09/2023

4.98%
476,601.56
476,855.89

94.32 4.70%
471,595.50
1,327.92

1.06%
(5,260.39)

NR / AAA
NR

4.24 3.75
3137FETN0 FHLMC K073 A2

3.35% Due 1/25/2028
670,000.00 05/24/2023

4.34%
643,932.81
644,423.20

94.79 4.64%
635,076.25
374.08

1.43%
(9,346.95)

NR / NR
AAA

4.58 4.05
3137FG6X8 FHLMC K077 A2

3.85% Due 5/25/2028
780,000.00 05/24/2023

4.65%
765,679.69
765,931.20

96.83 4.57%
755,294.28
500.50

1.70%
(10,636.92)

NR / NR
AAA

4.91 4.29
Total CMO 3,340,000.00 4.57%
3,222,433.99
3,224,148.55 4.68%
3,185,251.65
6,068.26

7.16%
(38,896.90)
Aaa / AAA
AAA

4.26 3.76
Chandler Asset Management - CONFIDENTIAL Page 3 Execution Time: 7/4/2023 2:22:31 PM Holdings Report
As of June 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
89236THA6 Toyota Motor Credit Corp Note

1.35% Due 8/25/2023
700,000.00 04/23/2021

0.43%
714,959.00
700,963.40

99.47 4.79%
696,323.60
3,307.50

1.57%
(4,639.80)
A1 / A+
A+

0.15 0.15
14912L5X5 Caterpillar Finance Serv Corp Note

3.75% Due 11/24/2023
1,000,000.00 05/05/2021

0.35%
1,086,390.00
1,013,518.69

99.31 5.50%
993,065.00
3,854.17

2.24%
(20,453.69)
A2 / A
A+

0.40 0.39
89236THU2 Toyota Motor Credit Corp Note

0.45% Due 1/11/2024
480,000.00 09/27/2021

0.51%
479,342.40
479,847.40

97.36 5.57%
467,328.00
1,020.00

1.05%
(12,519.40)
A1 / A+
A+

0.53 0.52
693475AV7 PNC Financial Services Callable Note
Cont 12/23/2023

3.5% Due 1/23/2024
900,000.00 07/29/2019

1.99%
957,939.00
907,282.14

98.74 5.80%
888,669.90
13,825.00

2.02%
(18,612.24)
A3 / AA0.57

0.54 17325FAS7 Citibank Callable Note Cont 12/23/2023

3.65% Due 1/23/2024
500,000.00 05/19/2021

0.53%
541,470.00
508,726.07

98.85 5.75%
494,229.50
8,009.72

1.13%
(14,496.57)
Aa3 / A+
A+

0.57 0.54
91159HHV5 US Bancorp Callable Note Cont
1/5/2024

3.375% Due 2/5/2024
1,000,000.00 05/04/2021

0.48%
1,079,130.00
1,017,209.01

98.55 5.88%
985,494.00
13,687.50

2.24%
(31,715.01)
A3 / A
A

0.60 0.57
713448CM8 Pepsico Inc. Callable Note Cont
12/01/2023

3.6% Due 3/1/2024
500,000.00 06/23/2021

0.78%
537,465.00
509,309.02

98.73 5.55%
493,666.00
6,000.00

1.12%
(15,643.02)
A1 / A+
NR

0.67 0.64
717081DM2 Pfizer Inc. Note

3.4% Due 5/15/2024
500,000.00 09/27/2021

0.55%
537,160.00
512,335.11

97.85 5.96%
489,234.00
2,172.22

1.10%
(23,101.11)
A1 / A+
A

0.88 0.84
166764BW9 Chevron Corp Callable Note Cont
4/11/2025

1.554% Due 5/11/2025
700,000.00 05/12/2022

3.20%
667,380.00
679,742.83

93.70 5.14%
655,916.80
1,510.83

1.47%
(23,826.03)
Aa2 / AANR1.87

1.79 46647PBH8 JP Morgan Chase & Co Callable Note
Mthly 3/13/2025

2.005% Due 3/13/2026
600,000.00 04/05/2022

4.19%
577,518.00
584,584.66

93.92 5.80%
563,526.00
3,609.00

1.27%
(21,058.66)
A1 / AAA2.70

1.62 69371RS49 Paccar Financial Corp Note

4.45% Due 3/30/2026
600,000.00 03/28/2023

4.47%
599,634.00
599,665.06

99.17 4.77%
595,039.20
6,749.17

1.35%
(4,625.86)
A1 / A+
NR

2.75 2.53
00440EAV9 Chubb INA Holdings Inc Callable Note
Cont 2/3/2026

3.35% Due 5/3/2026
500,000.00 03/09/2023

5.09%
475,060.00
477,451.80

96.07 4.84%
480,373.50
2,698.61

1.08%
2,921.70
A3 / A
A

2.84 2.65
341081GR2 Florida Power and Light Callable Note
Cont 4/15/2026

4.45% Due 5/15/2026
550,000.00 05/18/2023

4.65%
547,030.00
547,139.09

98.95 4.84%
544,251.95
2,923.40

1.23%
(2,887.14)
A1 / A
A+

2.88 2.65
24422EWX3 John Deere Capital Corp Note

4.75% Due 6/8/2026
500,000.00 06/05/2023

4.72%
500,470.00
500,460.14

99.81 4.82%
499,065.00
1,517.36

1.12%
(1,395.14)
A2 / A
A+

2.94 2.70
Chandler Asset Management - CONFIDENTIAL Page 4 Execution Time: 7/4/2023 2:22:31 PM Holdings Report
As of June 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
06406RBQ9 Bank of NY Mellon Corp Callable Note
Cont 4/26/2026

4.947% Due 4/26/2027
350,000.00 04/19/2023

5.21%
350,497.00
350,474.55

98.77 5.42%
345,682.05
3,126.23

0.78%
(4,792.50)
A1 / A
AA3.822.58
74456QBS4 Public Service El & Gas Callable Note
Cont 2/15/2027
3% Due 5/15/2027
337,000.00 04/18/2023

4.48%
318,673.94
319,561.88

93.47 4.87%
314,987.16
1,291.83

0.71%
(4,574.72)
A1 / A
NR

3.88 3.58
756109AU8 Realty Income Corp Callable Note Cont
10/15/2027

3.65% Due 1/15/2028
500,000.00 04/10/2023

4.87%
474,240.00
475,425.05

93.26 5.34%
466,323.00
8,415.28

1.06%
(9,102.05)
A3 / ANR4.55

4.03 58933YBH7 Merck & Co Callable Note Cont
4/17/2028

4.05% Due 5/17/2028
130,000.00 05/08/2023

4.07%
129,894.70
129,897.29

98.26 4.45%
127,740.47
643.50

0.29%
(2,156.82)
A1 / A+
NR

4.88 4.36
Total Corporate 10,347,000.00 2.41%
10,574,253.04
10,313,593.19 5.36%
10,100,915.13
84,361.32

22.85%
(212,678.06)
A1 / A
A+

1.68 1.47

MONEY MARKET FUND
31846V807 First American Treasury MMF Class Y 844,916.01 Various

4.72%
844,916.01
844,916.01

1.00 4.72%
844,916.01

0.00 1.90%

0.00 Aaa / AA+
AAA

0.00 0.00
Total Money Market Fund 844,916.01 4.72%
844,916.01
844,916.01 4.72%
844,916.01

0.00 1.90%

0.00 Aaa / AA+
AAA

0.00 0.00

NEGOTIABLE CD
96130ASC3 Westpac Banking Corp NY Yankee CD

5.38% Due 2/16/2024
375,000.00 02/16/2023

5.34%
375,141.03
375,089.11

99.68 5.79%
373,786.88
7,565.63

0.86%
(1,302.23)
P-1 / A-1+
F-1

0.63 0.62
Total Negotiable CD 375,000.00 5.34%
375,141.03
375,089.11 5.79%
373,786.88
7,565.63

0.86%
(1,302.23)
P-1 / A-1+
F-1

0.63 0.62

US TREASURY
9128282D1 US Treasury Note

1.375% Due 8/31/2023
1,250,000.00 12/23/2021

0.61%
1,265,970.98
1,251,581.54

99.38 5.09%
1,242,195.00
5,744.74

2.80%
(9,386.54)
Aaa / AA+
AAA

0.17 0.17
91282CAW1 US Treasury Note

0.25% Due 11/15/2023
1,000,000.00 05/03/2021

0.25%
1,000,120.54
1,000,017.83

98.16 5.25%
981,602.00
319.29

2.20%
(18,415.83)
Aaa / AA+
AAA

0.38 0.37
Chandler Asset Management - CONFIDENTIAL Page 5 Execution Time: 7/4/2023 2:22:31 PM Holdings Report
As of June 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
912828U57 US Treasury Note

2.125% Due 11/30/2023
650,000.00 10/31/2019

1.67%
661,529.52
651,175.38

98.69 5.33%
641,468.75
1,169.91

1.44%
(9,706.63)
Aaa / AA+
AAA

0.42 0.41
91282CBA8 US Treasury Note

0.125% Due 12/15/2023
1,200,000.00 10/07/2021

0.33%
1,194,566.52
1,198,864.34

97.73 5.20%
1,172,719.20

65.57 2.63%
(26,145.14)
Aaa / AA+
AAA

0.46 0.45
91282CBV2 US Treasury Note

0.375% Due 4/15/2024
1,000,000.00 05/03/2021

0.33%
1,001,175.22
1,000,315.06

96.14 5.42%
961,367.00
788.93

2.16%
(38,948.06)
Aaa / AA+
AAA

0.79 0.77
91282CCC3 US Treasury Note

0.25% Due 5/15/2024
1,000,000.00 05/17/2021

0.35%
996,878.35
999,089.76

95.62 5.44%
956,211.00
319.29

2.15%
(42,878.76)
Aaa / AA+
AAA

0.88 0.85
912828D56 US Treasury Note

2.375% Due 8/15/2024
1,000,000.00 12/28/2021

0.91%
1,038,011.16
1,016,256.59

96.77 5.36%
967,695.00
8,922.65

2.19%
(48,561.59)
Aaa / AA+
AAA

1.13 1.08
9128282Y5 US Treasury Note

2.125% Due 9/30/2024
1,000,000.00 08/25/2021

0.44%
1,051,800.23
1,020,912.28

96.16 5.33%
961,602.00
5,341.53

2.17%
(59,310.28)
Aaa / AA+
AAA

1.25 1.20
912828YM6 US Treasury Note

1.5% Due 10/31/2024
1,000,000.00 12/28/2021

0.97%
1,014,925.23
1,007,016.87

95.15 5.31%
951,484.00
2,527.17

2.14%
(55,532.87)
Aaa / AA+
AAA

1.34 1.29
912828YV6 US Treasury Note

1.5% Due 11/30/2024
700,000.00 09/10/2021

0.48%
722,889.06
710,073.52

94.95 5.24%
664,617.10
889.34

1.49%
(45,456.42)
Aaa / AA+
AAA

1.42 1.37
91282CAJ0 US Treasury Note

0.25% Due 8/31/2025
1,200,000.00 06/30/2022

3.15%
1,095,937.50
1,128,827.72

90.73 4.80%
1,088,719.20
1,002.72

2.44%
(40,108.52)
Aaa / AA+
AAA

2.17 2.11
91282CAM3 US Treasury Note

0.25% Due 9/30/2025
500,000.00 07/15/2022

3.12%
456,445.31
469,478.30

90.57 4.71%
452,871.00
314.21

1.02%
(16,607.30)
Aaa / AA+
AAA

2.25 2.19
9128285N6 US Treasury Note

2.875% Due 11/30/2025
500,000.00 07/15/2022

3.11%
496,212.61
497,289.90

95.84 4.71%
479,219.00
1,217.55

1.08%
(18,070.90)
Aaa / AA+
AAA

2.42 2.29
91282CGE5 US Treasury Note

3.875% Due 1/15/2026
1,000,000.00 02/06/2023

4.13%
992,929.69
993,878.55

98.13 4.66%
981,328.00
17,876.38

2.24%
(12,550.55)
Aaa / AA+
AAA

2.55 2.35
91282CBQ3 US Treasury Note

0.5% Due 2/28/2026
500,000.00 07/15/2022

3.09%
455,839.84
467,546.95

89.83 4.59%
449,140.50
835.60

1.01%
(18,406.45)
Aaa / AA+
AAA

2.67 2.59
91282CBW0 US Treasury Note

0.75% Due 4/30/2026
500,000.00 09/30/2022

4.17%
443,595.43
455,411.07

90.05 4.53%
450,234.50
631.79

1.01%
(5,176.57)
Aaa / AA+
AAA

2.84 2.74
9128286X3 US Treasury Note

2.125% Due 5/31/2026
500,000.00 09/30/2022

4.14%
465,958.71
472,924.59

93.53 4.52%
467,636.50
899.93

1.05%
(5,288.09)
Aaa / AA+
AAA

2.92 2.77
91282CCJ8 US Treasury Note

0.875% Due 6/30/2026
500,000.00 09/30/2022

4.15%
443,595.43
454,884.58

90.10 4.44%
450,508.00

11.89 1.01%
(4,376.58)
Aaa / AA+
AAA

3.00 2.90
Chandler Asset Management - CONFIDENTIAL Page 6 Execution Time: 7/4/2023 2:22:31 PM Holdings Report
As of June 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
91282CGC9 US Treasury Note

3.875% Due 12/31/2027
1,000,000.00 02/06/2023

3.84%
1,001,445.31
1,001,328.91

98.60 4.22%
985,977.00
105.30

2.21%
(15,351.91)
Aaa / AA+
AAA

4.51 4.08
Total US Treasury 16,000,000.00 1.75%
15,799,826.64
15,796,873.74 5.02%
15,306,594.75
48,983.79

34.44%
(490,278.99)
Aaa / AA+
AAA

1.58 1.50
TOTAL PORTFOLIO 45,741,916.01 2.65%
45,690,590.69
45,406,911.36 5.16%
44,356,891.57
226,474.84
100.00%
(1,050,019.79)
Aa1 / AA
AAA

1.92 1.63
TOTAL MARKET VALUE PLUS ACCRUED 44,583,366.41
Chandler Asset Management - CONFIDENTIAL Page 7 Execution Time: 7/4/2023 2:22:31 PM Transaction Ledger
As of June 30, 2023
City of San Rafael
Account #11045
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 06/01/2023 31846V807 8,867.80 First American Treasury MMF Class Y 1.000 4.69% 8,867.80 0.00 8,867.80 0.00 Purchase 06/07/2023 31846V807 971,500.00 First American Treasury MMF Class Y 1.000 4.69% 971,500.00 0.00 971,500.00 0.00 Purchase 06/08/2023 24422EWX3 500,000.00 John Deere Capital Corp Note

4.75% Due 6/8/2026
100.094 4.72% 500,470.00 0.00 500,470.00 0.00
Purchase 06/09/2023 31846V807 993,062.63 First American Treasury MMF Class Y 1.000 4.69% 993,062.63 0.00 993,062.63 0.00 Purchase 06/10/2023 31846V807 12,750.00 First American Treasury MMF Class Y 1.000 4.69% 12,750.00 0.00 12,750.00 0.00 Purchase 06/12/2023 3130AWER7 775,000.00 FHLB Note

4.625% Due 6/6/2025

99.917 4.67% 774,356.75 0.00 774,356.75 0.00
Purchase 06/12/2023 3137BVZ82 700,000.00 FHLMC K063

3.43% Due 1/25/2027

96.363 4.55% 674,542.97 733.64 675,276.61 0.00
Purchase 06/12/2023 31846V807 226,450.75 First American Treasury MMF Class Y 1.000 4.69% 226,450.75 0.00 226,450.75 0.00 Purchase 06/12/2023 31846V807 27,375.00 First American Treasury MMF Class Y 1.000 4.69% 27,375.00 0.00 27,375.00 0.00 Purchase 06/13/2023 3137F1G44 450,000.00 FHLMC K065 A2

3.243% Due 4/25/2027

95.941 4.42% 431,736.33 486.45 432,222.78 0.00
Purchase 06/13/2023 3137FBBX3 240,000.00 FHLMC K068 A2

3.244% Due 8/25/2027

95.809 4.38% 229,940.63 259.52 230,200.15 0.00
Purchase 06/14/2023 3137FBU79 500,000.00 FHLMC K069 A2

3.187% Due 9/25/2027

95.320 4.98% 476,601.56 575.43 477,176.99 0.00
Purchase 06/15/2023 31846V807 750.00 First American Treasury MMF Class Y 1.000 4.69% 750.00 0.00 750.00 0.00 Purchase 06/15/2023 31846V807 1,833.33 First American Treasury MMF Class Y 1.000 4.69% 1,833.33 0.00 1,833.33 0.00 Purchase 06/15/2023 31846V807 1,695.00 First American Treasury MMF Class Y 1.000 4.69% 1,695.00 0.00 1,695.00 0.00 Purchase 06/15/2023 31846V807 3,674.00 First American Treasury MMF Class Y 1.000 4.69% 3,674.00 0.00 3,674.00 0.00 Purchase 06/15/2023 31846V807 1,545.83 First American Treasury MMF Class Y 1.000 4.69% 1,545.83 0.00 1,545.83 0.00 Purchase 06/15/2023 31846V807 1,128.83 First American Treasury MMF Class Y 1.000 4.69% 1,128.83 0.00 1,128.83 0.00 Purchase 06/21/2023 31846V807 504.00 First American Treasury MMF Class Y 1.000 4.69% 504.00 0.00 504.00 0.00 Purchase 06/23/2023 31846V807 1,750.00 First American Treasury MMF Class Y 1.000 4.69% 1,750.00 0.00 1,750.00 0.00 Purchase 06/26/2023 31846V807 2,502.50 First American Treasury MMF Class Y 1.000 4.69% 2,502.50 0.00 2,502.50 0.00 Purchase 06/26/2023 31846V807 1,870.42 First American Treasury MMF Class Y 1.000 4.69% 1,870.42 0.00 1,870.42 0.00 Purchase 06/26/2023 31846V807 1,870.50 First American Treasury MMF Class Y 1.000 4.69% 1,870.50 0.00 1,870.50 0.00 Chandler Asset Management - CONFIDENTIAL Page 8 Execution Time: 7/4/2023 2:22:31 PM Transaction Ledger
As of June 30, 2023
City of San Rafael
Account #11045
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 06/29/2023 3130AWGR5 525,000.00 FHLB Note

4.375% Due 6/12/2026

99.841 4.43% 524,165.25 510.42 524,675.67 0.00
Purchase 06/30/2023 31846V807 22,062.50 First American Treasury MMF Class Y 1.000 4.72% 22,062.50 0.00 22,062.50 0.00 Purchase 06/30/2023 31846V807 800,000.00 First American Treasury MMF Class Y 1.000 4.72% 800,000.00 0.00 800,000.00 0.00 Subtotal 6,771,193.09 6,693,006.58 2,565.46 6,695,572.04 0.00 TOTAL ACQUISITIONS 6,771,193.09 6,693,006.58 2,565.46 6,695,572.04 0.00

DISPOSITIONS
Sale 06/07/2023 24422EVN6 1,000,000.00 John Deere Capital Corp Note

0.45% Due 1/17/2024

96.975 5.55% 969,750.00 1,750.00 971,500.00 -30,529.15
Sale 06/08/2023 31846V807 500,470.00 First American Treasury MMF Class Y 1.000 4.69% 500,470.00 0.00 500,470.00 0.00 Sale 06/09/2023 91282CCN9 1,000,000.00 US Treasury Note

0.125% Due 7/31/2023

99.262 5.30% 992,617.19 445.44 993,062.63 -6,443.13
Sale 06/12/2023 3135G0U43 1,000,000.00 FNMA Note

2.875% Due 9/12/2023

99.362 5.42% 993,620.00 7,187.50 1,000,807.50 -9,403.43 Sale 06/12/2023 31846V807 675,276.61 First American Treasury MMF Class Y 1.000 4.69% 675,276.61 0.00 675,276.61 0.00 Sale 06/13/2023 31846V807 662,422.93 First American Treasury MMF Class Y 1.000 4.69% 662,422.93 0.00 662,422.93 0.00 Sale 06/14/2023 31846V807 477,176.99 First American Treasury MMF Class Y 1.000 4.69% 477,176.99 0.00 477,176.99 0.00 Sale 06/29/2023 31846V807 524,675.67 First American Treasury MMF Class Y 1.000 4.72% 524,675.67 0.00 524,675.67 0.00 Subtotal 5,840,022.20 5,796,009.39 9,382.94 5,805,392.33 -46,375.71 Paydown 06/15/2023 02582JJT8 0.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027
100.000 0.00 1,695.00 1,695.00 0.00
Paydown 06/15/2023 05522RDF2 0.00 Bank of America Credit Card Tr 2022-A2 A2
5% Due 4/15/2028
100.000 0.00 1,833.33 1,833.33 0.00
Paydown 06/15/2023 47800CAC0 0.00 John Deere Owner Trust 2023-A A3

5.01% Due 11/15/2027
100.000 0.00 3,674.00 3,674.00 0.00
Paydown 06/15/2023 58768PAC8 0.00 Mercedes-Benz Auto Receivables 2022- 1 A3

5.21% Due 8/16/2027
100.000 0.00 1,128.83 1,128.83 0.00
Chandler Asset Management - CONFIDENTIAL Page 9 Execution Time: 7/4/2023 2:22:31 PM Transaction Ledger
As of June 30, 2023
City of San Rafael
Account #11045
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

DISPOSITIONS
Paydown 06/15/2023 89239HAD0 0.00 Toyota Auto Receivables Owner 20222- D A3

5.3% Due 9/15/2027
100.000 0.00 1,545.83 1,545.83 0.00
Paydown 06/21/2023 43815JAC7 0.00 Honda Auto Receivables Owner 2023-1 A3

5.04% Due 4/21/2027
100.000 0.00 504.00 504.00 0.00
Paydown 06/26/2023 05593AAC3 0.00 BMW Vehicle Lease Trust 2023-1 A3

5.16% Due 11/25/2025
100.000 0.00 1,870.50 1,870.50 0.00
Paydown 06/26/2023 3137FETN0 0.00 FHLMC K073 A2

3.35% Due 1/25/2028
100.000 0.00 1,870.42 1,870.42 0.00
Paydown 06/26/2023 3137FG6X8 0.00 FHLMC K077 A2

3.85% Due 5/25/2028
100.000 0.00 2,502.50 2,502.50 0.00
Subtotal 0.00 0.00 16,624.41 16,624.41 0.00
Maturity 06/30/2023 91282CCK5 800,000.00 US Treasury Note

0.125% Due 6/30/2023
100.000 800,000.00 0.00 800,000.00 0.00
Subtotal 800,000.00 800,000.00 0.00 800,000.00 0.00
Security
Withdrawal
06/12/2023 31846V807 3,395.80 First American Treasury MMF Class Y 1.000 3,395.80 0.00 3,395.80 0.00 Security
Withdrawal
06/23/2023 31846V807 250.00 First American Treasury MMF Class Y 1.000 250.00 0.00 250.00 0.00 Subtotal 3,645.80 3,645.80 0.00 3,645.80 0.00
TOTAL DISPOSITIONS 6,643,668.00 6,599,655.19 26,007.35 6,625,662.54 -46,375.71

OTHER TRANSACTIONS
Interest 06/10/2023 3130ATUS4 500,000.00 FHLB Note

4.25% Due 12/10/2027

0.000 12,750.00 0.00 12,750.00 0.00
Interest 06/12/2023 3130ATUC9 1,000,000.00 FHLB Note

4.5% Due 12/12/2025

0.000 27,375.00 0.00 27,375.00 0.00
Interest 06/15/2023 91282CBA8 1,200,000.00 US Treasury Note

0.125% Due 12/15/2023

0.000 750.00 0.00 750.00 0.00
Chandler Asset Management - CONFIDENTIAL Page 10 Execution Time: 7/4/2023 2:22:31 PM Transaction Ledger
As of June 30, 2023
City of San Rafael
Account #11045
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

OTHER TRANSACTIONS
Interest 06/23/2023 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021

0.35% Due 4/23/2024

0.000 1,750.00 0.00 1,750.00 0.00
Interest 06/30/2023 91282CCJ8 500,000.00 US Treasury Note

0.875% Due 6/30/2026

0.000 2,187.50 0.00 2,187.50 0.00
Interest 06/30/2023 91282CCK5 800,000.00 US Treasury Note

0.125% Due 6/30/2023

0.000 500.00 0.00 500.00 0.00
Interest 06/30/2023 91282CGC9 1,000,000.00 US Treasury Note

3.875% Due 12/31/2027

0.000 19,375.00 0.00 19,375.00 0.00
Subtotal 6,000,000.00 64,687.50 0.00 64,687.50 0.00
Dividend 06/01/2023 31846V807 607,390.92 First American Treasury MMF Class Y 0.000 8,867.80 0.00 8,867.80 0.00 Subtotal 607,390.92 8,867.80 0.00 8,867.80 0.00
TOTAL OTHER TRANSACTIONS 6,607,390.92 73,555.30 0.00 73,555.30 0.00 Chandler Asset Management - CONFIDENTIAL Page 11 Execution Time: 7/4/2023 2:22:31 PM Income Earned
As of June 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

FIXED INCOME
00440EAV9 Chubb INA Holdings Inc
Callable Note Cont 2/3/2026

3.35% Due 05/03/2026
03/09/2023
03/13/2023
500,000.00
476,799.49

0.00 0.00
477,451.80
1,302.78

0.00 2,698.61
1,395.83
652.31

0.00 652.31
2,048.14
2,048.14
02582JJT8 American Express Credit Trust
2022-2 A

3.39% Due 05/17/2027
04/17/2023
04/19/2023
600,000.00
586,448.91

0.00 0.00
587,018.29
904.00
1,695.00
904.00
1,695.00
569.38

0.00 569.38
2,264.38
2,264.38
05522RDF2 Bank of America Credit Card Tr
2022-A2 A2
5% Due 04/15/2028
04/18/2023
04/20/2023
440,000.00
444,597.47

0.00 0.00
444,443.88
977.78
1,833.33
977.78
1,833.33

0.00 153.59
(153.59)
1,679.74
1,679.74
05593AAC3 BMW Vehicle Lease Trust
2023-1 A3

5.16% Due 11/25/2025
Various
02/15/2023
435,000.00
435,642.86

0.00 0.00
435,613.77
374.10
1,870.50
374.10
1,870.50

0.05 29.14
(29.09)
1,841.41
1,841.41
06406RBQ9 Bank of NY Mellon Corp
Callable Note Cont 4/26/2026

4.947% Due 04/26/2027
04/19/2023
04/26/2023
350,000.00
350,484.75

0.00 0.00
350,474.55
1,683.35

0.00 3,126.23
1,442.88

0.00 10.20
(10.20)
1,432.68
1,432.68
14912L5X5 Caterpillar Finance Serv Corp
Note

3.75% Due 11/24/2023
05/05/2021
05/05/2021
1,000,000.00
1,016,296.51

0.00 0.00
1,013,518.69
729.17

0.00 3,854.17
3,125.00

0.00 2,777.82
(2,777.82)
347.18
347.18
166764BW9 Chevron Corp
Callable Note Cont 4/11/2025

1.554% Due 05/11/2025
05/12/2022
05/12/2022
700,000.00
678,849.13

0.00 0.00
679,742.83
604.33

0.00 1,510.83
906.50
893.70

0.00 893.70
1,800.20
1,800.20
17325FAS7 Citibank
Callable Note Cont 12/23/2023

3.65% Due 01/23/2024
05/19/2021
05/19/2021
500,000.00
509,996.85

0.00 0.00
508,726.07
6,488.89

0.00 8,009.72
1,520.83

0.00 1,270.78
(1,270.78)
250.05
250.05
24422EVN6 John Deere Capital Corp
Note
Due 01/17/2024
05/05/2021
05/05/2021

0.00 1,000,286.63

0.00 1,000,279.15

0.00 1,675.00
1,750.00

0.00 75.00

0.00 7.48
(7.48)

67.52 67.52
Chandler Asset Management - CONFIDENTIAL Page 12 Execution Time: 7/4/2023 2:22:31 PM Income Earned
As of June 30, 2023
City of San Rafael
Account #11045
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
24422EWX3 John Deere Capital Corp
Note

4.75% Due 06/08/2026
06/05/2023
06/08/2023
500,000.00

0.00 500,470.00

0.00 500,460.14

0.00 0.00
1,517.36
1,517.36

0.00 9.86
(9.86)
1,507.50
1,507.50
3130AMQQ8 FHLB
Callable Note Qtrly 12/23/2021

0.35% Due 04/23/2024
06/23/2021
06/23/2021
1,000,000.00
1,000,000.00

0.00 0.00
1,000,000.00
1,536.11
1,750.00

77.78 291.67

0.00 0.00

0.00 291.67
291.67
3130ATHT7 FHLB
Note

4.375% Due 09/12/2025
10/06/2022
10/06/2022
1,300,000.00
1,302,457.65

0.00 0.00
1,302,369.25
12,480.90

0.00 17,220.49
4,739.59