Monthly Investment Report - November 2024 — City Council and Authorities Concurrent, February 25, 2025

_____________________________________________________________________

MONTHLY INVESTMENT REPORT

November 2024

City of Santa Clara
Monthly Investment Report

TABLE OF CONTENTS
Page #
1 Summary of Investment Portfolio 1
2 Summary of Investments 5
3 Investment Maturity Distribution Schedule 6
4 Attachment A: Investment Inventory With Market Value 7 5 Attachment B: Statement of Transactions 12
1 CITY OF SANTA CLARA

SUMMARY OF INVESTMENT PORTFOLIO

All securities held by the City of Santa Clara as of November 30, 2024 were in compliance with the City's Investment Policy Statement regarding current market strategy and long-term goals and objectives. All securities held are rated A or higher by two nationally recognized rating agencies. There is adequate cash flow and maturity of investments to meet the City’s needs for the next six months.

The following table provides the breakdown of the total portfolio among the City, the Sports and Open Space Authority (SOSA), and the Housing Authority (HA) as of November 30, 2024.

On November 30, 2024 the cost value and market value of the City's unrestricted pooled investment portfolio were $1,243,008,106 and $1,234,529,392 respectively.

Investment Strategy and Market Update
The Federal Open Market Committee (FOMC) continued its interest rate normalization by cutting the target range for the federal funds rate by 25 basis points (bps) to 4.50-4.75% after its November meeting. Federal Reserve (Fed) Chair Jerome Powell was noncommittal during the press conference regarding the size and cadence of future cuts, but did confirm the Fed still views policy as restrictive. As such, the Fed expects to continue gradually lowering rates if warranted by the labor and inflation data.

Inflation readings ticked modestly higher in November as the year-over-year change in both the Consumer Price Index (CPI)and Personal Consumption Expenditures Index (PCE) increased to 2.6% and 2.3%, respectively. This is not expected to deter the Fed as it has previously noted it expects the path towards its 2%target to be bumpy at times.

The employment report showed a return to strength with 227,000 new jobs created during the month of November. This represented a reversal from the weak print in November, which was impacted by large-scale strikes and hurricanes in the Southeast. The unemployment rate ticked up to 4.2%. The return to strong job creation and a historically low unemployment rate is a testament to the labor market strength that will continue to support the consumer.

U.S. Treasury yields drifted higher during the first few weeks of the month before falling after the nomination of Scott Bessent to Treasury Secretary. Bessent is generally viewed as a market friendly centrist pick.

Yields on benchmark 2-, 5-, and 10-year U.S. Treasuries ended the month at 4.15%, 4.05%, and 4.17%, reflecting declines of 2, 11, and 12 bps, respectively.

COST VALUE PERCENTAGE
City $1,239,425,337 99.90%
SOSA 12,439

0.00%
HA 1,172,143 0.10% Unrestricted $1,240,609,919 100.00%
Restricted Bond Proceeds 2,398,187

Total Investments $1,243,008,106
2 The City's investment strategy for November 2024 was to invest funds not required to meet current obligations, in securities listed in the prevailing Investment Policy Statement, with maturities not to exceed five years from date of purchase. This strategy ensures safety of the City’s funds, provides liquidity to meet the City’s cash needs , and earns a reasonable portfolio return. PFM Asset Management LLC began actively managing the City’s securities portfolio on September 1, 2020.

As
of November 30, 2024, 53.68% of the City’s portfolio consists of U.S. Treasury Notes, 16.66% consists of investment grade Corporate Notes, 16.03% consists of California Asset Management Program (CAMP), 4.81% consists of investment grade Asset- Back Securities, 4.62% consists of investment grade Mortgage- Backed Securities, 2.85% consists of Federal Agencies, 0.60% consists of Negotiable Certificates of Deposit, and 0.49% consists of Local Agency Investment Fund (LAIF). In addition, City bond proceeds are invested in separate funds and are not included in the calculation of the City’s portfolio yield.

U.S. Treasury Notes

53.68%
Federal Agency Notes

2.85%
Corporate Notes

16.66%
Asset-Backed Securities

4.81%
Negotiable Certificates of
Deposit

0.60%
Mortgage-Backed Securities

4.62% Money Market Fund

0.07% Local Agency Investment Fund
(LAIF)

0.49%
California Asset Management
Program (CAMP)

16.03%
Mutual Fund - Traffic Mitigation
Bond Proceeds

0.19%
3 The City’s securities portfolio is benchmarked against the ICE BAML 1-5 US Treasury Index.

3.78%

4.42%

4.57%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%
Securities Portfolio Yield at Cost vs Index 24-Month Average of Yield at Market Securities Portfolio (yield at cost)
City's Benchmark Index (24-month rolling average market yield) BofA 1-5 AAA-A Corp & Gov't Index (24-month rolling average market yield) 4 The following table summarizes the investment yields other information of the City’s investment portfolio components, along with comparable-maturity market indices. Also shown are the monthly interest income and aggregate year-to-date income.

Current Month
11/30/2024
Investment Yield
Liquidity Portfolio1 4.79%
LAIF average monthly yield 4.48%

Securities Portfolio2 3.78%
ICE BAML 1-5 US Treasury Index (24-month rolling average market yield) 4.42% ICE BAML 1-5 AAA-A US Corporate & Government Index (24-month rolling average market yield) 4.57%

City Portfolio (Liquidity + Securities) 3.95%

Investment Total Return*
Securities Portfolio 0.45%
ICE BAML 1-5 US Treasury Index 0.38%
ICE BAML 1-5 AAA-A US Corporate & Government Index 0.41%

Average Maturity of Investments (in years)
Liquidity Portfolio1 0.09
Securities Portfolio2 2.87
City Portfolio (Liquidity + Securities) 2.43
ICE BAML 1-5 US Treasury Index 2.75
ICE BAML 1-5 AAA-A US Corporate & Government Index 2.77

Cash Interest Income Current Month3 $ 2,002,975
Cash Interest Income Fiscal Year-To-Date3 $ 16,119,884

1. Consists of CAMP Pool, LAIF, Dreyfus Traffic Mitigation Fund, & Principal Sweep Account

2. Core long term portfolio managed by PFM Asset Management

3. Cash basis
* Total rate of return including earnings, distributions, and capital appreciation/depreciation of all portfolio assets

5 CITY OF SANTA CLARA
SUMMARY OF INVESTMENTS NOVEMBER 30, 2024
PER
COST % OF INVESTMENT

INVESTMENT TYPE VALUE PORTFOLIO POLICY
U.S. Treasury Notes 667,125,225 53.68% No Limit Federal Agency Notes 35,483,167 2.85% 80%
Corporate Notes 207,121,947 16.66% 25%
Asset-Backed Securities 59,828,152 4.81% 10%
Negotiable Certificates of Deposit 7,500,000 0.60% 30% Mortgage-Backed Securities 57,430,013 4.62% 15%
Money Market Fund 827,463 0.07% 10% Per Fund
Local Agency Investment Fund (LAIF) 6,072,654 0.49% $75 M California Asset Management Program (CAMP) 199,221,298 16.03% No Limit Mutual Fund - Traffic Mitigation Bond Proceeds 2,398,187 0.19% 10% Per Fund TOTAL INVESTMENTS $ 1,243,008,106 100.00%
6 INVESTMENT MATURITY DISTRIBUTION
AS OF NOVEMBER 30, 2024

UNRESTRICTED POOLED PORTFOLIO

MATURITY NUMBER OF
(IN MONTHS) COST VALUE INVESTMENTS DISTRIBUTION

DEMAND (a) $ 166,121,415 (a) 3 13.39%
0 TO 6 108,990,693 18 8.79%
7 TO 12 63,155,977 12 5.09%
13 TO 18 57,697,558 10 4.65%
19 TO 24 99,780,984 10 8.04%
25 TO 30 65,498,915 11 5.28%
31 TO 36 160,333,636 17 12.92%
37 TO 42 144,843,122 26 11.68%
43 TO 48 142,873,520 25 11.52%
49 TO 54 112,329,161 19 9.05%
55 TO 60 118,984,938 17 9.59%

TOTAL $ 1,240,609,919 168 100.00%

Average Maturity of Unrestricted Pool: 2.43 Years

(a) $20 million is earmarked for the City's Electric Utility power-trading.

0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
22%
24%

INVESTMENT MATURITY DISTRIBUTION

UNRESTRICTED POOLED PORTFOLIO
AS OF NOVEMBER 30, 2024
City of Santa Clara Monthly Report
11/30/2024
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L UNITED STATES TREASURY 1/31/2020 1.375% 1/31/2025 912828Z52 5,000,000.00 AA+ 4/ 22/2020 5,238,671.88 0.37% 4 ,975,000.00 -263,671.88 UNITED STATES TREASURY 1/31/2020 1.375% 1/31/2025 912828Z52 1,950,000.00 AA+ 5/ 7/2021 2,013,146.48 0.50% 1,940,250.00 -72,896.48 UNITED STATES TREASURY 2/28/2018 2.750% 2/28/2025 9128283Z1 6,200,000.00 AA+ 3/6/2020 6,850,757.82 0.61% 6,173,774.00 -676,983.82 UNITED STATES TREASURY 8/31/2020 0.250% 8/31/2025 91282CAJ 0 4,120,000.00 AA+ 8/2/2021 4,075,581.25 0.52% 3,994,463.60 -81,117.65 UNITED STATES TREASURY 4/30/2024 4.875% 4/30/2026 91282CKK6 18,735,000.00 AA+ 11/21/2024 18,875,512.50 4.33% 18,885,067.35 9,554.85 UNITED STATES TREASURY 5/31/2024 4.875% 5/31/2026 91282CKS9 15,790,000.00 AA+ 11/21/2024 15,912,125.78 4.34% 15,925,636.10 13,510.32 UNITED STATES TREASURY 8/15/2016 1.500% 8/15/2026 9128282A7 5,350,000.00 AA+ 8/15/2022 5,033,388.67 3.08% 5,112, 620.50 79,231.83 UNITED STATES TREASURY 9/15/2023 4.625% 9/15/2026 91282CHY0 19,355,000.00 AA+ 11/21/2024 19,456,311.33 4.32% 19,486,614.00 30,302.67 UNITED STATES TREASURY 9/15/2023 4.625% 9/15/2026 91282CHY0 10,000,000.00 AA+ 10/3/ 2023 9,930,468.75 4.88% 10,068,000.00 137,531.25 UNITED STATES TREASURY 11/15/2023 4.625% 11/15/2026 91282CJK8 24,250,000.00 AA+ 11/20/ 2024 24,413,876.95 4.27% 24,439,392.50 25,515.55 UNITED STATES TREASURY 11/15/2023 4.625% 11/15/2026 91282CJK8 13,925,000.00 AA+ 10/16/ 2024 14,115,380.86 3.93% 14,033,754.25 -81,626.61 UNITED STATES TREASURY 4/15/2024 4.500% 4/15/2027 91282CKJ 9 21,925,000.00 AA+ 11/20/2024 22,050,041.02 4.25% 22,092,945.50 42,904.48 UNITED STATES TREASURY 5/15/2017 2.375% 5/15/2027 912828X88 5,400,000.00 AA+ 8/8/2022 5,248,546.88 3.01% 5,178,492.00 -70,054.88 UNITED STATES TREASURY 5/15/2024 4.500% 5/15/2027 91282CKR 1 2,200,000.00 AA+ 9/17/2024 2,257,492.19 3.46% 2,217,622.00 -39,870.19 UNITED STATES TREASURY 6/17/2024 4.625% 6/15/2027 91282CKV2 27,665,000.00 AA+ 9/27/2024 28, 426,868.16 3.55% 27, 989,233.80 -437,634.36 UNITED STATES TREASURY 6/17/2024 4.625% 6/15/2027 91282CKV2 5,020,000.00 AA+ 10/22/2024 5,102,947.66 3.96% 5,078,834.40 -24,113.26 UNITED STATES TREASURY 6/17/2024 4.625% 6/15/2027 91282CKV2 10,000,000.00 AA+ 10/16/2024 10, 188,671.88 3.87% 10,117,200.00 -71,471.88 UNITED STATES TREASURY 8/1/2022 2.750% 7/31/2027 91282CFB 2 10,800,000.00 AA+ 9/14/2022 10,392,046.88 3.60% 10,423,296.00 31,249.12 UNITED STATES TREASURY 8/15/1997 6.375% 8/15/2027 912810FA1 9,390,000.00 AA+ 10/5/2023 9,913,052.34 4.78% 9,937, 624.80 24,572.46 UNITED STATES TREASURY 8/15/2017 2.250% 8/15/2027 9128282R0 11,115,000.00 AA+ 9/6/2022 10,537,975.20 3.40% 10,587,926.70 49,951.50 UNITED STATES TREASURY 9/30/2022 4.125% 9/30/2027 91282CFM8 7,495,000.00 AA+ 10/11/2024 7,546,528.13 3.88% 7,495,899.40 -50,628.73 UNITED STATES TREASURY 9/30/2022 4.125% 9/30/2027 91282CFM8 3,785,000.00 AA+ 11/3/2022 3,760,308.79 4.27% 3,785,454.20 25,145.41 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU 0 18,960,000.00 AA+ 10/11/2024 19, 088,128.13 3.89% 18, 967,394.40 -120,733.73 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU 0 4,750,000.00 AA+ 1/31/2023 4,833,310.55 3.72% 4,751,852.50 -81,458.05 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU 0 5,100,000.00 AA+ 12/13/2022 5,165,343.75 3.83% 5,101,989.00 -63,354.75 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU 0 10,930,000.00 AA+ 12/8/2022 11, 081,995.31 3.81% 10, 934,262.70 -147,732.61 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU 0 16,115,000.00 AA+ 9/17/2024 16, 442,335.94 3.43% 16, 121,284.85 -321,051.09 UNITED STATES TREASURY 11/17/1997 6.125% 11/15/2027 912810FB9 3,100,000.00 AA+ 7/ 24/2024 3,288,058.59 4.14% 3 ,274,747.00 -13,311.59 UNITED STATES TREASURY 11/30/2022 3.875% 11/30/2027 91282CFZ9 7,130,000.00 AA+ 9/5/2024 7,182,917.97 3.63% 7,081,516.00 -101,401.97 UNITED STATES TREASURY 1/3/2023 3.875% 12/31/2027 91282CGC9 8,255,000.00 AA+ 1/31/ 2023 8,320,459.57 3.70% 8,198,535.80 -121,923.77 UNITED STATES TREASURY 1/3/2023 3.875% 12/31/2027 91282CGC9 7,325,000.00 AA+ 2/8/ 2023 7,333,583.98 3.85% 7,274,897.00 -58,686.98 UNITED STATES TREASURY 1/3/2023 3.875% 12/31/2027 91282CGC9 4,850,000.00 AA+ 2/2/ 2023 4,906,078.13 3.62% 4,816,826.00 -89,252.13 UNITED STATES TREASURY 1/3/2023 3.875% 12/31/2027 91282CGC9 7,175,000.00 AA+ 9/27/ 2024 7,247,030.27 3.54% 7,125,923.00 -121,107.27 UNITED STATES TREASURY 1/31/2023 3.500% 1/31/2028 91282CGH8 7,505,000.00 AA+ 5/16/ 2023 7,508,517.97 3.49% 7,366,908.00 -141,609.97 UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 8,080,000.00 AA+ 1/26/ 2024 8,063,587.50 4.05% 8,049,053.60 -14,533.90 UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 7,360,000.00 AA+ 5/16/ 2023 7,532,500.00 3.46% 7,331,811.20 -200,688.80 UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 6,600,000.00 AA+ 3/7/ 2023 6,526,781.25 4.25% 6,574,722.00 47,940.75 UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 5,215,000.00 AA+ 10/11/2024 5,230,685.74 3.90% 5 ,195,026.55 -35,659.19 UNITED STATES TREASURY 3/31/2021 1.250% 3/31/2028 91282CBS9 5,820,000.00 AA+ 5/9/2023 5,236,408.59 3.50% 5,302,776.60 66,368.01 UNITED STATES TREASURY 3/31/2021 1.250% 3/31/2028 91282CBS9 5,470,000.00 AA+ 5/10/2023 4,912,530.08 3.54% 4,983,881.10 71,351.02 UNITED STATES TREASURY 3/31/2023 3.625% 3/31/2028 91282CGT2 5,765,000.00 AA+ 5/4/ 2023 5,816,569.73 3.42% 5,676,507.25 -140,062.48 UNITED STATES TREASURY 3/31/2023 3.625% 3/31/2028 91282CGT2 5,030,000.00 AA+ 5/2/ 2023 5,023,712.50 3.65% 4,952,789.50 -70,923.00 UNITED STATES TREASURY 5/1/2023 3.500% 4/30/2028 91282CHA2 5,075,000.00 AA+ 5/2/ 2023 5,042,488.28 3.64% 4,975,276.25 -67,212.03 UNITED STATES TREASURY 5/31/2023 3.625% 5/31/2028 91282CHE4 11,735,000.00 AA+ 6/5/ 2023 11,695,577.73 3.70% 11,547,005.30 -148,572.43 UNITED STATES TREASURY 5/31/2023 3.625% 5/31/2028 91282CHE4 8,285,000.00 AA+ 1/26/ 2024 8,149,074.22 4.04% 8,152,274.30 3,200.08 UNITED STATES TREASURY 6/30/2023 4.000% 6/30/2028 91282CHK0 11,300,000.00 AA+ 7/10/ 2023 11,117,699.22 4.36% 11,256,269.00 138,569.78 12/17/2024 3:04 PM 1 of 5
Attachment A
City of Santa Clara Monthly Report
11/30/2024
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L UNITED STATES TREASURY 6/30/2023 4.000% 6/30/2028 91282CHK0 1,700,000.00 AA+ 7/3/ 2023 1,687,183.59 4.17% 1,693,421.00 6,237.41 UNITED STATES TREASURY 7/31/2023 4.125% 7/31/2028 91282CHQ7 4,950,000.00 AA+ 8/2/2023 4,921,962.89 4.25% 4 ,950,198.00 28,235.11 UNITED STATES TREASURY 8/31/2023 4.375% 8/31/2028 91282CHX2 7,940,000.00 AA+ 1/26/2024 8,054,137.50 4.03% 8 ,007,013.60 -47,123.90 UNITED STATES TREASURY 8/31/2023 4.375% 8/31/2028 91282CHX2 1,735,000.00 AA+ 8/31/2023 1,742,726.17 4.28% 1 ,749,643.40 6,917.23 UNITED STATES TREASURY 10/31/2023 4.875% 10/31/2028 91282CJF9 5,900,000.00 AA+ 1/4/ 2024 6,140,839.84 3.94% 6,059,005.00 -81,834.84 UNITED STATES TREASURY 10/31/2023 4.875% 10/31/2028 91282CJF9 5,160,000.00 AA+ 1/8/ 2024 5,355,717.19 4.00% 5,299,062.00 -56,655.19 UNITED STATES TREASURY 11/16/1998 5.250% 11/15/2028 912810FF0 11,160,000.00 AA+ 9/17/2024 11, 969,100.00 3.37% 11, 628,162.00 -340,938.00 UNITED STATES TREASURY 11/30/2023 4.375% 11/30/2028 91282CJN2 8,025,000.00 AA+ 1/26/ 2024 8,150,704.10 4.01% 8,100,836.25 -49,867.85 UNITED STATES TREASURY 1/2/2024 3.750% 12/31/2028 91282CJR 3 14,950,000.00 AA+ 1/19/2024 14,770,132.81 4.02% 14,745,035.50 -25,097.31 UNITED STATES TREASURY 1/2/2024 3.750% 12/31/2028 91282CJR 3 6,250,000.00 AA+ 1/4/2024 6,202,148.44 3.92% 6,164,312.50 -37,835.94 UNITED STATES TREASURY 1/31/2024 4.000% 1/31/2029 91282CJW 2 6,400,000.00 AA+ 2/13/2024 6,367,750.00 4.11% 6,371,520.00 3,770.00 UNITED STATES TREASURY 1/31/2024 4.000% 1/31/2029 91282CJW 2 5,030,000.00 AA+ 2/14/2024 4,968,107.42 4.28% 5,007,616.50 39,509.08 UNITED STATES TREASURY 1/31/2024 4.000% 1/31/2029 91282CJW 2 4,735,000.00 AA+ 9/5/2024 4,814,348.24 3.58% 4,713,929.25 -100,418.99 UNITED STATES TREASURY 2/16/1999 5.250% 2/15/2029 912810FG8 8,610,000.00 AA+ 7/24/2024 9,040,500.00 4.04% 9 ,018,975.00 -21,525.00 UNITED STATES TREASURY 2/29/2024 4.250% 2/28/2029 91282CKD 2 4,375,000.00 AA+ 9/27/2024 4,498,046.88 3.56% 4, 397,881.25 -100,165.63 UNITED STATES TREASURY 2/29/2024 4.250% 2/28/2029 91282CKD 2 2,850,000.00 AA+ 3/7/2024 2,867,923.83 4.11% 2,864,905.50 -3,018.33 UNITED STATES TREASURY 4/1/2024 4.125% 3/31/2029 91282CKG 5 10,050,000.00 AA+ 4/11/2024 9,938,900.39 4.37% 10,053,919.50 115,019.11 UNITED STATES TREASURY 4/30/2024 4.625% 4/30/2029 91282CKP5 16,425,000.00 AA+ 4/30/2024 16,412,167.97 4.64% 16,764,340.50 352,172.53 UNITED STATES TREASURY 4/30/2024 4.625% 4/30/2029 91282CKP5 5,625,000.00 AA+ 8/2/2024 5,809,570.31 3.86% 5,741,212.50 -68,357.81 UNITED STATES TREASURY 5/31/2024 4.500% 5/31/2029 91282CKT 7 4,950,000.00 AA+ 6/7/2024 4,993,892.58 4.30% 5,031,031.50 37,138.92 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX 8 24,360,000.00 AA+ 9/5/2024 25, 072,406.07 3.58% 24, 503,724.00 -568,682.07 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX 8 1,100,000.00 AA+ 8/15/2024 1,128,316.41 3.67% 1,106,490.00 -21,826.41 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX 8 7,590,000.00 AA+ 7/3/2024 7,538,411.72 4.40% 7,634,781.00 96,369.28 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX 8 16,955,000.00 AA+ 7/3/2024 16,858,965.82 4.38% 17,055,034.50 196,068.68 UNITED STATES TREASURY 7/31/2024 4.000% 7/31/2029 91282CLC3 9,575,000.00 AA+ 9/17/2024 9,819,237.30 3.43% 9 ,534,593.50 -284,643.80 UNITED STATES TREASURY 8/31/2022 3.125% 8/31/2029 91282CFJ5 10,650,000.00 AA+ 9/27/2024 10, 429,095.70 3.59% 10, 201,102.50 -227,993.20 UNITED STATES TREASURY 9/3/2024 3.625% 8/31/2029 91282CLK5 12,700,000.00 AA+ 9/5/ 2024 12,736,214.84 3.56% 12,447,016.00 -289,198.84 UNITED STATES TREASURY 9/3/2024 3.625% 8/31/2029 91282CLK5 1,870,000.00 AA+ 9/3/ 2024 1,864,156.25 3.69% 1,832,749.60 -31,406.65 UNITED STATES TREASURY 9/30/2024 3.500% 9/30/2029 91282CLN9 5,575,000.00 AA+ 10/10/ 2024 5,481,792.97 3.87% 5,430,830.50 -50,962.47 UNITED STATES TREASURY 9/30/2024 3.500% 9/30/2029 91282CLN9 5,185,000.00 AA+ 10/8/2024 5,101,756.45 3.86% 5 ,050,915.90 -50,840.55 UNITED STATES TREASURY 10/31/2024 4.125% 10/31/2029 91282CLR0 3,175,000.00 AA+ 10/31/ 2024 3,172,395.51 4.14% 3,179,699.00 7,303.49 UNITED STATES TREASURY 10/31/2024 4.125% 10/31/2029 91282CLR0 1,140,000.00 AA+ 11/15/ 2024 1,131,539.06 4.29% 1,141,687.20 10,148.14 U.S. Treasury Bond / Note Subtotal 663,095,000.00 667,125,224.65 662,433,274.45 -4,691,950.20 FANNIE MAE 1/10/2020 1.625% 1/7/2025 3135G 0X24 225,000.00 AA+ 1/22/2020 224,97 0.75 1.63% 224,331.75 -639.00 FANNIE MAE 11/12/2020 0.500% 11/7/2025 3135G06G3 1,860,000.00 AA+ 12/29/2020 1,864,929.00 0.44% 1 ,794,230.40 -70,698.60 FNMA Medium Term Note Subtotal 2,085,000.00 2,089,899.75 2,018,562.15 -71,337.60 FEDERAL FARM CREDIT BANK 1/23/2020 1.650% 1/23/2025 3133ELJM7 7,320,000.00 AA+ 5/18/ 2020 7,689,367.20 0.56% 7,288,597.20 -400,770.00 FFCB Medium Term Note Subtotal 7,320,000.00 7,689,367.20 7,288,597.20 -400,770.00 FEDERAL FARM CREDIT BANK 7/2/2020 0.500% 7/2/2025 3133ELR71 10,000,000.00 AA+ 7/14/ 2020 10,017,640.00 0.46% 9,779,300.00 -238,340.00 FFCB Coupon Note Subtotal 10,000,000.00 10,017,640.00 9,779,300.00 -238,340.00 FEDERAL HOME LOAN BANK 11/6/2014 2.750% 12/13/2024 3130A3GE8 5,000,000.00 AA+ 3/12/ 2020 5,461,300.00 0.77% 4,996,950.00 -464,350.00 FHLB Medium Term Note Subtotal 5,000,000.00 5,461,300.00 4,996,950.00 -464,350.00 12/17/2024 3:04 PM 2 of 5
Attachment A
City of Santa Clara Monthly Report
11/30/2024
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L FREDDIE MAC 2/14/2020 1.500% 2/12/2025 3137EAEP0 5,000,000.00 AA+ 5/20/2020 5,226,960.00 0.53% 4, 970,250.00 -256,710.00 FREDDIE MAC 8/30/2022 4.050% 8/28/2025 3134GXS54 5,000,000.00 AA+ 8/30/2022 4,998,000.00 4.06% 4 ,984,700.00 -13,300.00 FHLMC Medium Term Note Subtotal 10,000,000.00 10,224,960.00 9,954,950.00 -270,010.00 FANNIE MAE-ACES 7/1/2023 4.190% 7/1/2028 3136BQDE6 8,361,027.71 AA+ 11/30/ 2023 8,036,711.12 5.14% 8,248,321.02 211,609.90 FANNIE MAE-ACES 7/1/2023 4.190% 7/1/2028 3136BQDE6 7,262,149.71 AA+ 7/31/ 2023 7,139,033.58 4.58% 7,164,255.97 25,222.39

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 1/1/2017 3.347% 11/1/2026 3137BTU M1 5,231,234.55 AA+ 5/24/2023 5,070,210.62 4.29% 5,112,067.03 41,856.41

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 5/1/2017 3.224% 3/1/2027 3137BXQY1 8,000,000.00 AA+ 8/18/ 2023 7,546,250.00 4.94% 7,792,560.00 246,310.00

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2017 3.243% 4/1/2027 3137F1G44 4,545,000.00 AA+ 8/18/ 2023 4,285,260.35 4.93% 4,419,285.30 134,024.95

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 8/1/2017 3.117% 6/1/2027 3137F2LJ3 6,525,000.00 AA+ 8/22/ 2023 6,101,894.53 4.97% 6,317,961.75 216,067.22

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2023 4.819% 6/1/2028 3137HAC X2 7,500,000.00 AA+ 7/20/2023 7,574,910.00 4.59% 7,563,750.00 -11,160.00

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2023 4.777% 6/1/2028 3137HAD 45 6,052,025.81 AA+ 7/27/2023 6,051,874.52 4.78% 6,053,417.78 1,543.26

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 10/1/2023 4.740% 8/1/2028 3137HAQ 74 5,750,000.00 AA+ 10/19/2023 5, 623,868.00 5.25% 5,788,065.00 164,197.00 Federal Agency Commercial
Mortgage-Backed Security Subtotal 59,226,437.78 57,430, 012.72 58,459,683.85 1,029,671.13 ADOBE INC 1/26/2015 3.250% 2/1/2025 00724FAC5 4,000,000.00 A+ 1/26/ 2022 4,183,680.00 1.68% 3,988,000.00 -195,680.00 ADOBE INC 4/4/2024 4.800% 4/4/2029 00724PAF 6 1,635,000.00 A+ 4/4/2024 1,632,563.85 4.83% 1,659,966.45 27,402.60 ADOBE INC 4/4/2024 4.800% 4/4/2029 00724PAF 6 1,340,000.00 A+ 4/4/2024 1,337,762.20 4.84% 1,360,461.80 22,699.60 ALPHABET INC 8/9/2016 1.998% 8/15/2026 02079KAC1 5,740,000.00 AA+ 1/30/2023 5,354,386.80 4.05% 5,521,650.40 167,263.60 AMAZON.COM INC 4/13/2022 3.300% 4/13/2027 023135CF1 6,715,000.00 AA 4/25/2022 6,672,964.10 3.44% 6, 561,898.00 -111,066.10 APPLE INC 11/13/2017 2.750% 1/13/2025 037833DF4 5,000,000.00 AA+ 3/29/2021 5,355,200.00 0.84% 4, 988,950.00 -366,250.00 APPLE INC 11/13/2017 2.750% 1/13/2025 037833DF4 5,000,000.00 AA+ 3/9/2021 5,340,100.00 0.94% 4,988,950.00 -351,150.00 BANK OF NY MELLON CORP 1/28/2021 0.750% 1/28/2026 06406RAQ 0 9,000,000.00 A 2/10/2021 9,025,920.00 0.69% 8, 625,870.00 -400,050.00 BLACKROCK INC 3/28/2017 3.200% 3/15/2027 09247XAN1 4,140,000.00 AA- 5/18/2022 4,086,055.80 3.50% 4,036,210.20 -49,845.60 BLACKROCK INC 3/28/2017 3.200% 3/15/2027 09247XAN1 4,140,000.00 AA- 5/18/2022 4,085,352.00 3.50% 4,036,210.20 -49,141.80 BLACKROCK INC 3/14/2024 4.700% 3/14/2029 09290DAA9 2,924,000.00 AA- 4/11/2024 2,911,222.12 4.80% 2,956,193.24 44,971.12 BLACKROCK INC 3/14/2024 4.700% 3/14/2029 09290DAA9 350,000.00 AA- 3/14/2024 349,366.50 4.74% 353,853.50 4,487.00 BOFA SECURITIES INC. 3/22/2022 3.384% 4/2/2026 06051GKM0 5,000,000.00 A- 3/22/2022 5,005,100.00 3.36% 4,974,250.00 -30,850.00 BOFA SECURITIES INC. 8/18/2023 5.526% 8/18/2026 06428CAA2 4,000,000.00 A+ 8/18/2023 3,998,360.00 5.54% 4,064,400.00 66,040.00 BOFA SECURITIES INC. 4/22/2021 1.734% 7/22/2027 06051GJS 9 1,420,000.00 A- 8/10/2022 1,281,251.80 3.92% 1 ,351,399.80 70,148.00 BRISTOL-MYERS SQUIBB CO 11/13/2020 0.750% 11/13/2025 110122DN5 5,725,000.00 A 6/ 30/2021 5,672,673.50 0.96% 5 ,526,800.50 -145,873.00 CITIBANK NA 9/29/2023 5.803% 9/29/2028 17325FBB3 11,225,000.00 A+ 9/ 29/2023 11,225,000.00 5.80% 11,690,276.25 465,276.25 ELI LILLY & COMPANY 3/5/2015 2.750% 6/1/2025 532457BH0 5,415,000.00 A+ 2/ 10/2022 5,559,255.60 1.91% 5 ,362,149.60 -197,106.00 ELI LILLY & COMPANY 8/14/2024 4.200% 8/14/2029 532457CQ9 1,555,000.00 A+ 8/14/2024 1,557,643.50 4.16% 1,541,222.70 -16,420.80 ELI LILLY & COMPANY 8/14/2024 4.200% 8/14/ 2029 532457CQ9 445,000.00 A+ 8/14/ 2024 444,025.45 4.25% 441,057.30 -2,968.15 HERSHEY CO/THE 8/21/2015 3.200% 8/21/2025 427866AU2 3,000,000.00 A 3/30/2022 3,014,040.00 3.05% 2 ,971,680.00 -42,360.00

HONEYWELL INTERNATIONAL
INC 5/18/2020 1.350% 6/1/2025 438516CB0 5,000,000.00 A 9/8/2021 5,097,900.00 0.82% 4, 917,150.00 -180,750.00 12/17/2024 3:04 PM 3 of 5
Attachment A
City of Santa Clara Monthly Report
11/30/2024
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L

HONEYWELL INTERNATIONAL
INC 5/18/2020 1.350% 6/1/2025 438516CB0 2,255,000.00 A 3/22/2022 2,181,960.55 2.41% 2,217,634.65 35,674.10 JOHN DEERE CAPITAL CORP 6/17/2021 1.050% 6/17/2026 24422EVR 7 5,000,000.00 A 12/8/2021 4, 908,600.00 1.47% 4, 749,750.00 -158,850.00 JOHN DEERE CAPITAL CORP 7/14/2023 4.950% 7/14/ 2028 24422EXB0 605,000.00 A 7/ 18/2023 610,874.55 4.73% 615,587.50 4,712.95 JOHN DEERE CAPITAL CORP 7/14/2023 4.950% 7/14/ 2028 24422EXB0 505,000.00 A 7/ 14/2023 504,247.55 4.98% 513,837.50 9,589.95 JOHNSON & JOHNSON 8/25/2020 0.550% 9/1/2025 478160CN2 5,000,000.00 AAA 9/3/2020 5,023,550.00 0.45% 4,854,300.00 -169,250.00

JPMORGAN CHASE FINANCIAL
CO LLC 3/13/2020 2.005% 3/13/2026 46647PBH 8 2,800,000.00 A 3/22/2022 2,712,500.00 2.84% 2 ,778,020.00 65,520.00

JPMORGAN CHASE FINANCIAL
CO LLC 4/22/2021 1.578% 4/22/2027 46647PCB0 4,100,000.00 A 8/10/ 2022 3,710,746.00 3.80% 3,923,126.00 212,380.00

JPMORGAN CHASE FINANCIAL
CO LLC 2/24/2022 2.947% 2/24/2028 46647PCW4 2,925,000.00 A 9/18/ 2023 2,674,532.25 5.13% 2,814,786.00 140,253.75

JPMORGAN CHASE FINANCIAL
CO LLC 4/22/2024 5.571% 4/22/2028 46647PEE2 5,000,000.00 A 8/9/2024 5,103,350.00 4.95% 5,093,950.00 -9,400.00 MASTERCARD INC 12/3/2019 2.000% 3/3/2025 57636QAN 4 5,000,000.00 A+ 3/9/2021 5,213,450.00 0.91% 4,965,800.00 -247,650.00 MASTERCARD INC 12/3/2019 2.000% 3/3/2025 57636QAN 4 5,000,000.00 A+ 3/10/2022 4,990,800.00 2.06% 4,965,800.00 -25,000.00 MASTERCARD INC 5/31/2019 2.950% 6/1/2029 57636QAM6 7,500,000.00 A+ 6/27/2024 6,889,875.00 4.82% 7,054,650.00 164,775.00 META PLATFORMS INC 8/9/2024 4.300% 8/15/2029 30303M8S4 5,370,000.00 AA- 8/14/ 2024 5,385,895.20 4.23% 5,348,842.20 -37,053.00 MICROSOFT CORP 2/12/2015 2.700% 2/12/2025 594918BB9 5,000,000.00 AAA 3/9/2021 5,341,700.00 0.92% 4,978,600.00 -363,100.00 MORGAN STANLEY BANK NA 5/30/2024 5.504% 5/26/2028 61690U8B9 6,105,000.00 A+ 5/31/2024 6,117,881.55 5.45% 6 ,210,738.60 92,857.05 MORGAN STANLEY BANK NA 5/30/2024 5.504% 5/26/2028 61690U8B9 3,145,000.00 A+ 5/30/2024 3,145,000.00 5.50% 3 ,199,471.40 54,471.40

NOVARTIS FINANCE
CORPORATION 11/20/2015 3.000% 11/20/2025 66989HAJ 7 10,000,000.00 AA- 1/31/2023 9,638,600.00 4.38% 9,855,900.00 217,300.00 PACCAR FINANCIAL CORP 1/31/2024 4.600% 1/31/2029 69371RS8 0 7,000,000.00 A+ 7/30/2024 6,996,080.00 4.61% 7 ,045,360.00 49,280.00 PEPSICO INC 7/17/2024 4.500% 7/17/2029 713448FX1 4,380,000.00 A+ 7/17/2024 4,373,211.00 4.53% 4,411, 141.80 37,930.80 QUALCOMM INC 5/20/2015 3.450% 5/20/2025 747525AF0 5,850,000.00 A 5/19/2022 5,860,588.50 3.39% 5,815,192.50 -45,396.00 STATE STREET BANK & TR 2/7/2022 1.746%
2/6/2026 857477BR3 1,115,000.00 A 2/7/2022 1,115,000.00 1.75% 1,108,031.25 -6,968.75 STATE STREET BANK & TR 10/29/2020 2.901% 3/30/2026 857477BM4 4,250,000.00 A 3/ 14/2022 4,275,372.50 2.74% 4 ,222,162.50 -53,210.00 TARGET CORP 1/24/2022 1.950% 1/15/2027 87612EBM 7 4,595,000.00 A 2/1/2022 4,567,889.50 2.08% 4, 376,002.30 -191,887.20 TARGET CORP 1/24/2022 1.950% 1/15/ 2027 87612EBM7 990,000.00 A 1/24/ 2022 988,317.00 1.99% 942,816.60 -45,500.40 TOYOTA MOTOR CREDIT CORP 9/11/2023 5.250% 9/11/2028 89236TLB9 5,600,000.00 A+ 9/11/ 2023 5,590,256.00 5.29% 5,743,696.00 153,440.00 WALMART INC. 6/27/2018 3.550% 6/26/2025 931142ED1 5,700,000.00 AA 2/ 8/2022 6,011,847.00 1.87% 5,668,764.00 -343,083.00 Corporate Note Subtotal 207,559,000.00 207,121,947.37 205,392,560.74 -1,729,386.63

AMERICAN EXPRESS CREDIT
TRUST 2023-1 9/19/2023 5.230% 9/15/2028 02582JKD1 6,170,000.00 AAA 9/19/ 2023 6,169,724.20 5.24% 6,250,148.30 80,424.10 BA CREDIT CARD TRUST 12/14/2023 4.980% 11/15/2028 05522RDH8 3,045,000.00 NR* 12/14/2023 3,044,591.06 4.98% 3,074,658.30 30,067.24 BOFA AUTO TRUST 2024-1 7/31/2023 5.530% 2/15/2028 06428AAC2 3,120,000.00 NR* 7/31/2023 3,119,881.75 5.53% 3,149,078.40 29,196.65 BOFA AUTO TRUST 2024-1 11/21/2023 5.740% 6/15/2028 06054YAC 1 6,595,000.00 NR* 11/21/2023 6,594,880.63 5.76% 6,693,793.10 98,912.47 CHASE ISSUANCE TRUST 9/15/2023 5.160% 9/15/2028 161571HT4 6,045,000.00 AAA 9/15/2023 6,043,324.33 5.17% 6 ,119,958.00 76,633.67 CHASE ISSUANCE TRUST 1/31/2024 4.600% 1/16/2029 161571HV9 7,605,000.00 AAA 1/31/2024 7,603,841.76 4.60% 7,636,484.70 32,642.94

CITIBANK CREDIT CARD
ISSUANCE TRUST 12/11/2023 5.230% 12/8/2027 17305EGW9 1,855,000.00 AAA 12/11/ 2023 1,854,767.38 5.23% 1,867,669.65 12,902.27 FIFTH THIRD AUTO TRUST 8/23/2023 5.530% 8/15/2028 31680EAD 3 5,270,000.00 AAA 8/23/2023 5,269,673.26 5.53% 5,328,286.20 58,612.94

GM FINANCIAL SECURITIZED
TERM AUTO RECE 1/17/2024 4.850% 12/18/ 2028 36268GAD7 815,000.00 NR* 1/ 17/2024 814,836.10 4.85% 819,800.35 4,964.25

HONDA AUTO RECEIVABLES
OWNER TRUST 2024 11/24/2021 0.880% 1/21/ 2026 43815GAC3 312,750.58 NR* 11/ 24/2021 312,684.65 0.89 % 309,713.77 -2,970.88 12/17/2024 3:04 PM 4 of 5
Attachment A
City of Santa Clara Monthly Report
11/30/2024
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L

HONDA AUTO RECEIVABLES
OWNER TRUST 2024 8/22/2023 5.410% 2/18/2028 43815QAC1 4,825,000.00 AAA 8/22/2023 4,824,005.09 5.42% 4,874,215.00 50,209.91

HYUNDAI AUTO RECEIVABLES
TRUST 2024-C 11/17/2021 0.740% 5/15/2026 44935FAD6 182,919.56 AAA 11/17/2021 182,878.74 0.75 % 181,820.21 -1,058.53

HYUNDAI AUTO RECEIVABLES
TRUST 2024-C 11/13/2023 5.540% 10/16/2028 44918CAD 4 2,530,000.00 AAA 11/13/2023 2,529,667.31 5.54% 2 ,569,417.40 39,750.09

KUBOTA CREDIT OWNER TRUST
2024-2A 7/26/2023 5.280% 1/18/2028 500945AC4 1,925,000.00 NR* 7/26/2023 1,924,513.75 5.29% 1,944, 577.25 20,063.50

TOYOTA AUTO RECEIVABLES
OWNER TRUST COM 9/27/2021 0.430% 1/15/ 2026 89239BAC5 280,486.00 AAA 9/27/2021 280,463.65 0.43% 279,027.47 -1,436.18

TOYOTA AUTO RECEIVABLES
OWNER TRUST COM 8/15/2023 5.160% 4/17/2028 89231FAD2 1,505,000.00 AAA 8/15/ 2023 1,504,659.57 5.17% 1,516,257.40 11,597.83

TOYOTA AUTO RECEIVABLES
OWNER TRUST COM 11/14/2023 5.540% 8/15/2028 89239FAD4 1,725,000.00 AAA 11/14/ 2023 1,724,814.05 5.54% 1,752,048.00 27,233.95 USAA AUTO OWNER TRUST 2024
-
A 9/15/2023 5.580% 5/15/2028 90291VAC 4 6,030,000.00 AAA 9/15/2023 6,028,944.75 5.58% 6,085,295.10 56,350.35 Asset-Backed Security Subtotal 59,836,156.13 59,828, 152.03 60,452,248.60 624,096.57 COOPERAT RABOBANK UA/NY 7/20/2023 5.080% 7/17/2026 21684LGS5 7,500,000.00 A+ 7/20/2023 7,500,000.00 5.08% 7,631,850.00 131,850.00 Certificate of Deposit Subtotal 7,500,000.00 7,500,000.00 7,631,850.00 131,850.00

PRINCIPAL PUBLIC DEPOSIT
SWEEP PROGRAM 2.400% 12/1/2024 992995944 827,463.29 9/1/2020 827,463.29 827,463.29 -

LOCAL AGENCY INVESTMENT
FUND 4.477% 12/1/2024 6,072,654.05 9/30/1997 6,072,654.05 6,072,654.05 -

CALIFORNIA ASSET
MANAGEMENT PROGRAM 4.870% 12/1/2024 159,221,297.78 10/4/2022 159,221,297.78 159,221,297.78 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.690% 12/5/2024 10,000,000.00 10/2/2024 10,000,000.00 10,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.660% 1/8/2025 10,000,000.00 10/3/2024 10,000,000.00 10,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.580% 2/3/2025 10,000,000.00 10/2/2024 10,000,000.00 10,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.480% 3/3/2025 10,000,000.00 10/2/2024 10,000,000.00 10,000,000.00 -

DREYFUS TREASUR
Y 5.220% 12/1/2024 2,398,187.15 10/31/1997 2,398,187.15 2,398,187.15 - Cash Equivalent Subtotal 208,519,602.27 208,519,602.27 208,519,602.27 - Grand Total Count 169 1,240,141,196.18 1,243,008,105.99 1,236,927,579.26 (6,080,526.73) *NR = Not Rated by S&P Global. These Asset Backed Securities are rated by Moody's Ratings as Aaa. 12/17/2024 3:04 PM 5 of 5
Attachment A
PAGE 20

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD NOVEMBER 1, 2024 THROUGH NOVEMBER 30, 2024 ACCOUNT NUMBER XXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

CASH EQUIVALENTS
11/01/24 INTEREST RECEIVED 1,736.83

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
INTEREST FROM 10/1/24 TO 10/31/24
11/30/24 854,706.44 CASH SWEEP PURCHASES FOR STMT PERIOD 854,706.44- 854,706.44

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
10 TRANSACTIONS
11/30/24 36,083.94- CASH SWEEP SALES FOR STMT PERIOD 36,083.94 36,083.94-

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
1 TRANSACTIONS

BONDS & NOTES
11/15/24 INTEREST RECEIVED 26,890.91
AMERICAN EXPRES ABS 5.230% 9/15/28
CUSIP 02582JKD1
$0.00436/PV ON 6,170,000.00 PV
DUE 11/15/24
11/15/24 INTEREST RECEIVED 14,378.00
BANK OF AMERICA ABS 5.530% 2/15/28
CUSIP 06428AAC2
$0.00461/PV ON 3,120,000.00 PV
DUE 11/15/24
11/15/24 INTEREST RECEIVED 31,546.08
BANK OF AMERICA ABS 5.740% 6/15/28
CUSIP 06054YAC1
$0.00478/PV ON 6,595,000.00 PV
DUE 11/15/24
Attachment B
PAGE 21

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/15/24 INTEREST RECEIVED 12,636.75
BK OF AMERICA ABS 4.980% 11/15/28
CUSIP 05522RDH8
$0.00415/PV ON 3,045,000.00 PV
DUE 11/15/24
11/13/24 INTEREST RECEIVED 21,468.75
BRISTOL-MYERS SQUIBB 0.750% 11/13/25
CUSIP 110122DN5
INTEREST ON 5,725,000.000 UNITS
11/15/24 INTEREST RECEIVED 33.16
CARMAX AUTO OWNER TR 0.520% 2/17/26
CUSIP 14314QAC8
$0.00001/PV ON 76,536.15 PV
DUE 11/15/24
11/15/24 76,536.15- PAID DOWN 76,536.15 76,519.66- 16.49 CARMAX AUTO OWNER TR 0.520% 2/17/26
CUSIP 14314QAC8
11/15/24 INTEREST RECEIVED 29,152.50
CHASE ISSUANCE ABS 4.600% 1/16/29
CUSIP 161571HV9
$0.00383/PV ON 7,605,000.00 PV
DUE 11/15/24
11/15/24 INTEREST RECEIVED 25,993.50
CHASE ISSUANCE ABS 5.160% 9/15/28
CUSIP 161571HT4
$0.00430/PV ON 6,045,000.00 PV
DUE 11/15/24
11/14/24 INTEREST RECEIVED 25,000.00
FED FARM CREDIT BK 0.500% 5/14/25
CUSIP 3133ELZM9
INTEREST ON 10,000,000.000 UNITS
Attachment B
PAGE 22

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/21/24 10,000,000- SOLD 9,812,900.00 9,982,800.00- 169,900.00- FED FARM CREDIT BK 0.500% 5/14/25
CUSIP 3133ELZM9
AT $98.1290 ON TRADE DATE 11/20/2024
TO SETTLE ON 11/21/2024

PERSHING LLC
11/21/24 ACCRUED INTEREST ON SALE 972.22
FED FARM CREDIT BK 0.500% 5/14/25
CUSIP 3133ELZM9
11/21/24 10,000,000- SOLD 9,787,300.00 9,997,540.00- 210,240.00- FED FARM CREDIT BK 0.500% 6/09/25
CUSIP 3133ELH23
AT $97.8730 ON TRADE DATE 11/20/2024
TO SETTLE ON 11/21/2024
PNC SECURITIES CORP.
11/21/24 ACCRUED INTEREST ON SALE 22,500.00
FED FARM CREDIT BK 0.500% 6/09/25
CUSIP 3133ELH23
11/21/24 9,390,000- SOLD 9,081,632.40 9,361,736.10- 280,103.70- FED HOME LN MTG CORP 0.375% 9/23/25
CUSIP 3137EAEX3
AT $96.7160 ON TRADE DATE 11/20/2024
TO SETTLE ON 11/21/2024
WACHOVIA CAPITAL MARKETS, LLC.
11/21/24 ACCRUED INTEREST ON SALE 5,673.13
FED HOME LN MTG CORP 0.375% 9/23/25
CUSIP 3137EAEX3
11/25/24 INTEREST RECEIVED 16,948.69
FED HOME LN MTG CORP 3.117% 6/25/27
CUSIP 3137F2LJ3
$0.00260/PV ON 6,525,000.00 PV
DUE 11/25/24
Attachment B
PAGE 23

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/07/24 INTEREST RECEIVED 4,650.00
FED NATL MTG ASSN 0.500% 11/07/25
CUSIP 3135G06G3
INTEREST ON 1,860,000.000 UNITS
11/21/24 10,000,000- SOLD 9,840,800.00 10,050,600.00- 209,800.00- FED NATL MTG ASSN 0.625% 4/22/25
CUSIP 3135G03U5
AT $98.4080 ON TRADE DATE 11/20/2024
TO SETTLE ON 11/21/2024

PERSHING LLC
11/21/24 ACCRUED INTEREST ON SALE 5,034.72
FED NATL MTG ASSN 0.625% 4/22/25
CUSIP 3135G03U5
11/25/24 INTEREST RECEIVED 14,619.43
FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
$0.00273/PV ON 5,241,505.61 PV
DUE 11/25/24
11/25/24 10,271.06- PAID DOWN 10,271.06 9,954.90- 316.16 FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
11/25/24 INTEREST RECEIVED 22,712.50
FHLMC K508 CMO V-M 4.740% 8/25/28
CUSIP 3137HAQ74
$0.00395/PV ON 5,750,000.00 PV
DUE 11/25/24
11/25/24 INTEREST RECEIVED 12,282.86
FHLMC MULTIFAMILY ST 3.243% 4/25/27
CUSIP 3137F1G44
$0.00270/PV ON 4,545,000.00 PV
DUE 11/25/24
Attachment B
PAGE 24

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/25/24 INTEREST RECEIVED 24,107.77
FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
$0.00395/PV ON 6,055,960.22 PV
DUE 11/25/24
11/25/24 3,934.41- PAID DOWN 3,934.41 3,934.31- 0.10
FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
11/25/24 INTEREST RECEIVED 30,118.75
FHLMC SER K505 CMO 4.819% 6/25/28
CUSIP 3137HACX2
$0.00402/PV ON 7,500,000.00 PV
DUE 11/25/24
11/15/24 INTEREST RECEIVED 24,285.91
FIFTH THIRD AUT ABS 5.530% 8/15/28
CUSIP 31680EAD3
$0.00461/PV ON 5,270,000.00 PV
DUE 11/15/24
11/12/24 0.09 SHARE ADJUSTMENT
FNMA SER M6 CMO V-M 4.181% 7/25/28
CUSIP 3136BQDE6

TO BALANCE WITH CUSTODIAN
11/12/24 0.08 SHARE ADJUSTMENT
FNMA SER M6 CMO V-M 4.181% 7/25/28
CUSIP 3136BQDE6

TO BALANCE WITH CUSTODIAN
11/25/24 INTEREST RECEIVED 54,551.24
FNMA SER M6 CMO V-M 4.190% 7/25/28
CUSIP 3136BQDE6
$0.00349/PV ON 15,623,265.88 PV
DUE 11/25/24
Attachment B
PAGE 25

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/25/24 88.46- PAID DOWN 88.46 85.92- 2.54
FNMA SER M6 CMO V-M 4.190% 7/25/28
CUSIP 3136BQDE6
11/18/24 INTEREST RECEIVED 3,293.96
GM FINANCIAL ABS 4.850% 12/18/28
CUSIP 36268GAD7
$0.00404/PV ON 815,000.00 PV
DUE 11/16/24
11/18/24 INTEREST RECEIVED 21,752.71
HONDA AUTO ABS 5.410% 2/18/28
CUSIP 43815QAC1
$0.00451/PV ON 4,825,000.00 PV
DUE 11/18/24
11/21/24 INTEREST RECEIVED 275.51
HONDA AUTO RECEIVABL 0.880% 1/21/26
CUSIP 43815GAC3
$0.00017/PV ON 375,697.18 PV
DUE 11/21/24
11/21/24 62,946.6- PAID DOWN 62,946.60 62,933.33- 13.27 HONDA AUTO RECEIVABL 0.880% 1/21/26
CUSIP 43815GAC3
11/15/24 INTEREST RECEIVED 11,680.17
HYUNDAI AUTO REC ABS 5.540% 10/16/28
CUSIP 44918CAD4
$0.00462/PV ON 2,530,000.00 PV
DUE 11/15/24
11/15/24 INTEREST RECEIVED 147.03
HYUNDAI AUTO RECEIVA 0.740% 5/15/26
CUSIP 44935FAD6
$0.00012/PV ON 238,431.30 PV
DUE 11/15/24
Attachment B
PAGE 26

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/15/24 55,511.74- PAID DOWN 55,511.74 55,499.35- 12.39 HYUNDAI AUTO RECEIVA 0.740% 5/15/26
CUSIP 44935FAD6
AT $218.0486 ON TRADE DATE 11/15/2024
11/15/24 INTEREST RECEIVED 8,470.00
KUBOTA CREDIT ABS 5.280% 1/18/28
CUSIP 500945AC4
$0.00440/PV ON 1,925,000.00 PV
DUE 11/15/24
11/26/24 INTEREST RECEIVED 248,903.11
MORGAN STAN BK V-D 5.504% 5/26/28
CUSIP 61690U8B9
INTEREST ON 9,250,000.000 UNITS
11/20/24 INTEREST RECEIVED 150,000.00
NOVARTIS CAPITAL COR 3.000% 11/20/25
CUSIP 66989HAJ7
INTEREST ON 10,000,000.000 UNITS
11/20/24 INTEREST RECEIVED 100,912.50
QUALCOMM INC 3.450% 5/20/25
CUSIP 747525AF0
INTEREST ON 5,850,000.000 UNITS
11/15/24 INTEREST RECEIVED 6,471.50
TOYOTA AUTO REC ABS 5.160% 4/17/28
CUSIP 89231FAD2
$0.00430/PV ON 1,505,000.00 PV
DUE 11/15/24
11/15/24 INTEREST RECEIVED 7,963.75
TOYOTA AUTO REC ABS 5.540% 8/15/28
CUSIP 89239FAD4
$0.00462/PV ON 1,725,000.00 PV
DUE 11/15/24
Attachment B
PAGE 27

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/15/24 INTEREST RECEIVED 137.26
TOYOTA AUTO RECEIVAB 0.430% 1/15/26
CUSIP 89239BAC5
$0.00005/PV ON 383,047.96 PV
DUE 11/15/24
11/15/24 102,561.96- PAID DOWN 102,561.96 102,553.79- 8.17 TOYOTA AUTO RECEIVAB 0.430% 1/15/26
CUSIP 89239BAC5
AT $118.0190 ON TRADE DATE 11/15/2024
11/20/24 940,000- SOLD 903,685.16 883,159.38- 20,525.78 U.S TREASURY NOTES 2.500% 3/31/27
CUSIP 91282CEF4
AT $96.1367 ON TRADE DATE 11/19/2024
TO SETTLE ON 11/20/2024

BMOCM/BONDS
11/20/24 ACCRUED INTEREST ON SALE 3,292.58
U.S TREASURY NOTES 2.500% 3/31/27
CUSIP 91282CEF4
11/15/24 1,140,000 PURCHASED 1,131,539.06- 1,131,539.06 U.S. TREASURY NOTES 4.125% 10/31/29
CUSIP 91282CLR0
AT $99.2578 ON TRADE DATE 11/14/2024
TO SETTLE ON 11/15/2024

TORONTO DOMINION SECURITIES (U
11/15/24 ACCRUED INTEREST ON PURCHASE 1,948.55-
U.S. TREASURY NOTES 4.125% 10/31/29
CUSIP 91282CLR0
11/20/24 21,925,000 PURCHASED 22,050,041.02- 22,050,041.02 U.S. TREASURY NOTES 4.500% 4/15/27
CUSIP 91282CKJ9
AT $100.5703 ON TRADE DATE 11/19/2024
TO SETTLE ON 11/20/2024
RBC DAIN RAUSCHER INC.

Attachment B
PAGE 28

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/20/24 ACCRUED INTEREST ON PURCHASE 97,578.30-
U.S. TREASURY NOTES 4.500% 4/15/27
CUSIP 91282CKJ9
11/15/24 INTEREST RECEIVED 49,500.00
U.S. TREASURY NOTES 4.500% 5/15/27
CUSIP 91282CKR1
INTEREST ON 2,200,000.000 UNITS
11/21/24 19,355,000 PURCHASED 19,456,311.33- 19,456,311.33 U.S. TREASURY NOTES 4.625% 9/15/26
CUSIP 91282CHY0
AT $100.5234 ON TRADE DATE 11/20/2024
TO SETTLE ON 11/21/2024
J.P. MORGAN SECURITIES INC., -
11/21/24 ACCRUED INTEREST ON PURCHASE 165,680.40-
U.S. TREASURY NOTES 4.625% 9/15/26
CUSIP 91282CHY0
11/15/24 INTEREST RECEIVED 322,015.63
U.S. TREASURY NOTES 4.625% 11/15/26
CUSIP 91282CJK8
INTEREST ON 13,925,000.000 UNITS
11/20/24 24,250,000 PURCHASED 24,413,876.95- 24,413,876.95 U.S. TREASURY NOTES 4.625% 11/15/26
CUSIP 91282CJK8
AT $100.6758 ON TRADE DATE 11/19/2024
TO SETTLE ON 11/20/2024

CITIGROUP GBL MKTS/SALOMON BRO
11/20/24 ACCRUED INTEREST ON PURCHASE 15,491.19-
U.S. TREASURY NOTES 4.625% 11/15/26
CUSIP 91282CJK8
Attachment B
PAGE 29

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/21/24 18,735,000 PURCHASED 18,875,512.50- 18,875,512.50 U.S. TREASURY NOTES 4.875% 4/30/26
CUSIP 91282CKK6
AT $100.7500 ON TRADE DATE 11/20/2024
TO SETTLE ON 11/21/2024

CITIGROUP GBL MKTS/SALOMON BRO
11/21/24 ACCRUED INTEREST ON PURCHASE 52,983.30-
U.S. TREASURY NOTES 4.875% 4/30/26
CUSIP 91282CKK6
11/21/24 15,790,000 PURCHASED 15,912,125.78- 15,912,125.78 U.S. TREASURY NOTES 4.875% 5/31/26
CUSIP 91282CKS9
AT $100.7734 ON TRADE DATE 11/20/2024
TO SETTLE ON 11/21/2024

BNP PARIBAS SECURITIES CORP/BO
11/21/24 ACCRUED INTEREST ON PURCHASE 365,952.66-
U.S. TREASURY NOTES 4.875% 5/31/26
CUSIP 91282CKS9
11/15/24 INTEREST RECEIVED 292,950.00
US TREASURY BOND 5.250% 11/15/28
CUSIP 912810FF0
INTEREST ON 11,160,000.000 UNITS
11/15/24 INTEREST RECEIVED 94,937.50
US TREASURY BOND 6.125% 11/15/27
CUSIP 912810FB9
INTEREST ON 3,100,000.000 UNITS
11/21/24 4,450,000- SOLD 4,272,173.83 4,327,625.00- 55,451.17- US TREASURY NOTE 0.375% 11/30/25
CUSIP 91282CAZ4
AT $96.0039 ON TRADE DATE 11/20/2024
TO SETTLE ON 11/21/2024
BARCLAYS CAPITAL INC. FIXED IN
Attachment B
PAGE 30

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/21/24 ACCRUED INTEREST ON SALE 7,933.40
US TREASURY NOTE 0.375% 11/30/25
CUSIP 91282CAZ4
11/21/24 3,820,000- SOLD 3,655,113.28 3,751,956.25- 96,842.97- US TREASURY NOTE 0.375% 12/31/25
CUSIP 91282CBC4
AT $95.6836 ON TRADE DATE 11/20/2024
TO SETTLE ON 11/21/2024
MORGAN STANLEY & CO.
11/21/24 ACCRUED INTEREST ON SALE 5,605.43
US TREASURY NOTE 0.375% 12/31/25
CUSIP 91282CBC4
11/21/24 8,750,000- SOLD 8,333,691.41 8,610,095.01- 276,403.60- US TREASURY NOTE 0.500% 2/28/26
CUSIP 91282CBQ3
AT $95.2422 ON TRADE DATE 11/20/2024
TO SETTLE ON 11/21/2024
MORGAN STANLEY & CO.
11/21/24 ACCRUED INTEREST ON SALE 9,910.22
US TREASURY NOTE 0.500% 2/28/26
CUSIP 91282CBQ3
11/20/24 7,000,000- SOLD 6,396,796.88 6,262,812.50- 133,984.38 US TREASURY NOTE 0.500% 4/30/27
CUSIP 912828ZN3
AT $91.3828 ON TRADE DATE 11/19/2024
TO SETTLE ON 11/20/2024
NOMURA SECURITIES INTL. INC.
11/20/24 ACCRUED INTEREST ON SALE 1,933.70
US TREASURY NOTE 0.500% 4/30/27
CUSIP 912828ZN3
Attachment B
PAGE 31

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/20/24 5,585,000- SOLD 5,247,063.87 5,176,815.04- 70,248.83 US TREASURY NOTE 0.875% 9/30/26
CUSIP 91282CCZ2
AT $93.9492 ON TRADE DATE 11/19/2024
TO SETTLE ON 11/20/2024
NOMURA SECURITIES INTL. INC.
11/20/24 ACCRUED INTEREST ON SALE 6,847.00
US TREASURY NOTE 0.875% 9/30/26
CUSIP 91282CCZ2
11/20/24 5,700,000- SOLD 5,368,242.19 5,267,601.56- 100,640.63 US TREASURY NOTE 1.125% 10/31/26
CUSIP 91282CDG3
AT $94.1797 ON TRADE DATE 11/19/2024
TO SETTLE ON 11/20/2024

CITIGROUP GBL MKTS/SALOMON BRO
11/20/24 ACCRUED INTEREST ON SALE 3,542.82
US TREASURY NOTE 1.125% 10/31/26
CUSIP 91282CDG3
11/20/24 5,340,000- SOLD 5,019,182.81 5,000,617.97- 18,564.84 US TREASURY NOTE 1.250% 12/31/26
CUSIP 91282CDQ1
AT $93.9922 ON TRADE DATE 11/19/2024
TO SETTLE ON 11/20/2024

CITIGROUP GBL MKTS/SALOMON BRO
11/20/24 ACCRUED INTEREST ON SALE 25,938.18
US TREASURY NOTE 1.250% 12/31/26
CUSIP 91282CDQ1
11/15/24 INTEREST RECEIVED 88,400.00
US TREASURY NOTE 2.000% 11/15/26
CUSIP 912828U24
INTEREST ON 8,840,000.000 UNITS
Attachment B
INVESTMENT AND INSURANCE PRODUCTS ARE:• NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY FEDERAL GOVERNMENT AGENCY• NOT A DEPOSIT, OBLIGATION OF, OR GUARANTEED BY ANY BANK OR BANKING AFFILIATE• SUBJECT TO INVESTMENT RISKS AND MAY LOSE VALUE, INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED PAGE 32

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/20/24 8,840,000- SOLD 8,463,954.69 8,472,242.19- 8,287.50- US TREASURY NOTE 2.000% 11/15/26
CUSIP 912828U24
AT $95.7461 ON TRADE DATE 11/19/2024
TO SETTLE ON 11/20/2024

CITIGROUP GBL MKTS/SALOMON BRO
11/20/24 ACCRUED INTEREST ON SALE 2,441.99
US TREASURY NOTE 2.000% 11/15/26
CUSIP 912828U24
11/20/24 15,410,000- SOLD 14,755,676.96 14,905,253.13- 149,576.17- US TREASURY NOTE 2.250% 2/15/27
CUSIP 912828V98
AT $95.7539 ON TRADE DATE 11/19/2024
TO SETTLE ON 11/20/2024
NOMURA SECURITIES INTL. INC.
11/20/24 ACCRUED INTEREST ON SALE 91,392.19
US TREASURY NOTE 2.250% 2/15/27
CUSIP 912828V98
11/15/24 INTEREST RECEIVED 64,125.00
US TREASURY NOTE 2.375% 5/15/27
CUSIP 912828X88
INTEREST ON 5,400,000.000 UNITS
11/15/24 INTEREST RECEIVED 28,039.50
USAA AUTO OWNER ABS 5.580% 5/15/28
CUSIP 90291VAC4
$0.00465/PV ON 6,030,000.00 PV
DUE 11/15/24
11/25/24 INTEREST RECEIVED 21,493.34
VR FHLMC MULTIFAMI 3.224% 3/25/27
CUSIP 3137BXQY1
$0.00269/PV ON 8,000,000.00 PV
DUE 11/25/24
================================================================================================================= ENDING BALANCE 0.00 1,035,315,967.01
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Attachment B

City Council and Authorities ConcurrentFebruary 25, 2025

City Council and Authorities Concurrent
February 25, 2025