Monthly Investment Report - March 2025 — City Council and Authorities Concurrent, May 27, 2025

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MONTHLY INVESTMENT REPORT
March 2025
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
A
ll securities held by the City of Santa Clara as of March 31, 2025 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 March 31, 2025.

On M
arch 31, 2025 the cost value and market value of the City's unrestricted pooled investment portfolio were $1,370,244,159 and $1,374,254,314 respectively.

I
nvestment Strategy and Market Update
The second quarter of 2025 got off to a turbulent start as markets reacted to the April 2 announcement of tariffs on so-called “Liberation Day.” The levies, which were significantly more punitive than originally anticipated, include a flat 10% tariff on all imports as well as more focused tariffs on specific countries with which the U.S. runs large trade deficits.

The month-over-month change in the Core Personal Consumption Expenditures Index (PCE), which is the Fed’s preferred measure of inflation, increased at the fastest pace in over a year. Prices on durable goods, which are items expected to last several years, rose at the fastest pace since September 2022.This is particularly noteworthy because these price increases occurred prior to the implementation of any tariffs.

No
n-farm payrolls in March significantly exceeded expectations and grew 228,000 while the unemployment rate ticked up slightly to

4.2%. While the releases continue to point toa steady labor market, it was largely overshadowed by the tariff news earlier in the week.

U.S. Treasury yields between six months and seven years declined during March and were led lower by deteriorating growth expectations over the intermediate term. Meanwhile, the yield on the 10-year U.S. Treasury was essentially unchanged. In early April yields fell significantly across the curve in response to tariff news. Yields on 3-month, 2-year, and 10-year U.S. Treasuries ended March at 4.30%, 3.88%, and 4.21%, respectively. The move lower in yields resulted in positive fixed income total returns for the month. The ICE BofA 3-month, 2-year, and 10-year U.S. Treasury indices returned +0.33%, +0.46%, and +0.23%, respectively.

COST VALUE PERCENTAGE
City $1,369,098,356 99.92%
SOSA 9,346

0.00%
HA 1,136,457 0.08%
Unrestricted $1,370,244,159 100.00%
Restricted Bond Proceeds 2,432,394
Total Investments $1,372,676,553
2 The City's investment strategy for March2025 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.

A
s of March 31 , 2025 , 58.87% of the City’s portfolio consists of U.S. Treasury Notes, 15.26 % consists of California Asset Management Program (CAMP), 13.33% consists of investment grade Corporate Notes, 5.57% consists of investment grade Asset- Back Securities, 5.27 % consists of investment grade Mortgage- Backed Securities, 0.55% consists of Negotiable Certificates of Deposit, 0.50% consists of Federal Agencies, and 0.45% 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

58.87%
Federal Agency Notes

0.50%
Corporate Notes

13.33%
Asset-Backed Securities

5.57%
Negotiable Certificates of
Deposit

0.55%
Mortgage-Backed Securities

5.27% Money Market Fund

0.02%
Local Agency Investment
Fund (LAIF)

0.45%
California Asset Management
Program (CAMP)

15.26%
Mutual Fund - Traffic Mitigation
Bond Proceeds

0.18%
3 T
he City’s securities portfolio is benchmarked against the ICE BAML 1-5 US Treasury Index.

4.09%

4.40%

4.53%

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 f
ollowing 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
3/31/2025
Investment Yield
Liquidity Portfolio1 4.45%
LAIF average monthly yield 4.31%
Securities Portfolio2 4.09%
ICE BAML 1-5 US Treasury Index (24-month rolling average market yield) 4.40% ICE BAML 1-5 AAA-A US Corporate & Government Index (24-month rolling average market yield) 4.53%
City Portfolio (Liquidity + Securities) 4.14%
Investment Total Return*
Securities Portfolio 0.52%
ICE BAML 1-5 US Treasury Index 0.53%
ICE BAML 1-5 AAA-A US Corporate & Government Index 0.51% Average Maturity of Investments (in years)
Liquidity Portfolio1 0.08
Securities Portfolio2 2.95
City Portfolio (Liquidity + Securities) 2.50
ICE BAML 1-5 US Treasury Index 2.73
ICE BAML 1-5 AAA-A US Corporate & Government Index 2.76 Cash Interest Income Current Month3 $ 3,154,263
Cash Interest Income Fiscal Year-To-Date3 $ 32,966,281

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

2. C
ore long term portfolio managed by PFM Asset Management

3. C
ash basis
* Total rate of return including earnings, distributions, and capital appreciation/depreciation of all portfolio assets 5 CITY OF SANTA CLARA
SUMMARY OF INVESTMENTS MARCH 31, 2025
PER
COST % OF INVESTMENT

INVESTMENT TYPE VALUE PORTFOLIO POLICY
U.S. Treasury Notes 808,111,483 58.87% No Limit
Federal Agency Notes 6,862,929 0.50% 80%
Corporate Notes 182,919,323 13.33% 25%
Asset-Backed Securities 76,424,214 5.57% 10%
Negotiable Certificates of Deposit 7,500,000 0.55% 30% Mortgage-Backed Securities 72,397,065 5.27% 15%
Money Market Fund 342,060 0.02% 10% Per Fund
Local Agency Investment Fund (LAIF) 6,143,281 0.45% $75 M California Asset Management Program (CAMP) 209,543,804 15.26% No Limit Mutual Fund - Traffic Mitigation Bond Proceeds 2,432,394 0.18% 10% Per Fund TOTAL INVESTMENTS $ 1,372,676,553 100.00%
6 INVESTMENT MATURITY DISTRIBUTION
AS OF MARCH 31, 2025

UNRESTRICTED POOLED PORTFOLIO

MATURITY NUMBER OF
(IN MONTHS) COST VALUE INVESTMENTS DISTRIBUTION
DEMAND (a) $ 186,029,145 (a) 3 13.58%
0 TO 6 62,723,592 10 4.58%
7 TO 12 26,284,753 5 1.92%
13 TO 18 85,903,365 9 6.27%
19 TO 24 109,501,148 14 7.99%
25 TO 30 152,849,709 17 11.15%
31 TO 36 191,206,885 24 13.95%
37 TO 42 162,323,003 28 11.85%
43 TO 48 122,175,746 21 8.92%
49 TO 54 155,836,586 22 11.37%
55 TO 60 115,410,227 15 8.42%
TOTAL $ 1,370,244,159 168 100.00%
Average Maturity of Unrestricted Pool: 2.50 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 MARCH 31, 2025
City of Santa Clara Monthly Report
3/31/2025
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 4/30/2024 4.875% 4/30/2026 91282CKK6 13,735,000.00 AA+ 11/21/2024 13,838,012.50 4.33% 13,852,571.60 14,559.10 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% 15,938,583.90 26,458.12 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% 19,536,549.90 80,238.57 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% 10,093,800.00 163,331.25 UNITED STATES TREASURY 10/16/2023 4.625% 10/15/2026 91282CJC6 9,975,000.00 AA+ 1/13/2025 10,019,809.57 4.35% 10,073,952.00 54,142.43 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% 24,501,957.50 88,080.55 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% 14,069,680.75 -45,700.11 UNITED STATES TREASURY 12/15/2023 4.375% 12/15/2026 91282CJP7 11,110,000.00 AA+ 12/18/2024 11,138,642.97 4.24% 11,188,103.30 49,460.33 UNITED STATES TREASURY 1/31/2025 4.125% 1/31/2027 91282CMH1 4,065,000.00 AA+ 2/3/2025 4,058,013.28 4.22% 4,078,821.00 20,807.72 UNITED STATES TREASURY 1/31/2025 4.125% 1/31/2027 91282CMH1 2,400,000.00 AA+ 2/18/2025 2,394,281.25 4.25% 2,408,160.00 13,878.75 UNITED STATES TREASURY 2/15/2024 4.125% 2/15/2027 91282CKA8 12,205,000.00 AA+ 12/19/2024 12,180,208.59 4.22% 12,248,815.95 68,607.36 UNITED STATES TREASURY 4/15/2024 4.500% 4/15/2027 91282CKJ9 21,925,000.00 AA+ 11/20/2024 22,050,041.02 4.25% 22,177,576.00 127,534.98 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% 5,232,330.00 -16,216.88 UNITED STATES TREASURY 5/15/2024 4.500% 5/15/2027 91282CKR1 15,280,000.00 AA+ 12/18/2024 15,373,112.50 4.23% 15,461,526.40 88,413.90 UNITED STATES TREASURY 5/15/2024 4.500% 5/15/2027 91282CKR1 2,200,000.00 AA+ 9/17/2024 2,257,492.19 3.46% 2,226,136.00 -31,356.19 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% 28,089,657.75 -337,210.41 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% 5,097,057.00 -5,890.66 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% 10,153,500.00 -35,171.88 UNITED STATES TREASURY 8/1/2022 2.750% 7/31/2027 91282CFB2 10,800,000.00 AA+ 9/14/2022 10,392,046.88 3.60% 10,526,220.00 134,173.12 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% 9,924,760.50 11,708.16 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% 10,704,745.35 166,770.15 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% 7,538,620.90 -7,907.23 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% 3,807,028.70 46,719.91 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 42,865,000.00 AA+ 3/6/2025 43,010,788.41 4.02% 43,107,615.90 96,827.49 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 4,750,000.00 AA+ 1/31/2023 4,833,310.55 3.72% 4,776,885.00 -56,425.55 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 5,100,000.00 AA+ 12/13/2022 5,165,343.75 3.83% 5,128,866.00 -36,477.75 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 4,355,000.00 AA+ 12/8/2022 4,415,561.72 3.81% 4,379,649.30 -35,912.42 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 18,960,000.00 AA+ 10/11/2024 19,088,128.13 3.89% 19,067,313.60 -20,814.53 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 16,115,000.00 AA+ 9/17/2024 16,442,335.94 3.43% 16,206,210.90 -236,125.04 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% 3,272,794.00 -15,264.59 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% 7,126,934.10 -55,983.87 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% 8,253,101.35 -67,358.22 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% 7,323,315.25 -10,268.73 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% 4,848,884.50 -57,193.63 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% 7,173,349.75 -73,680.52 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% 7,426,422.65 -82,095.32 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% 8,103,674.40 40,086.90 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% 7,381,564.80 -150,935.20 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% 6,619,338.00 92,556.75 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% 5,230,279.95 -405.79 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% 5,723,088.45 -93,481.28 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% 4,993,431.90 -30,280.60 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% 5,016,536.00 -25,952.28 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% 11,638,773.00 -56,804.73 UNITED STATES TREASURY 5/31/2023 3.625% 5/31/2028 91282CHE4 10,115,000.00 AA+ 3/3/2025 10,002,391.60 3.99% 10,032,057.00 29,665.40 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% 8,217,063.00 67,988.78 4/14/2025 12:46 PM 1 of 5
Attachment A
City of Santa Clara Monthly Report
3/31/2025
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 11,300,000.00 AA+ 7/10/2023 11,117,699.22 4.36% 11,337,968.00 220,268.78 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% 1,705,712.00 18,528.41 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% 4,984,996.50 63,033.61 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% 8,056,321.00 2,183.50 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% 1,760,417.75 17,691.58 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% 6,087,856.00 -52,983.84 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% 5,324,294.40 -31,422.79 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% 11,657,401.20 -311,698.80 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% 8,149,788.75 -915.35 UNITED STATES TREASURY 1/2/2024 3.750% 12/31/2028 91282CJR3 14,950,000.00 AA+ 1/19/2024 14,770,132.81 4.02% 14,861,795.00 91,662.19 UNITED STATES TREASURY 1/2/2024 3.750% 12/31/2028 91282CJR3 6,250,000.00 AA+ 1/4/2024 6,202,148.44 3.92% 6,213,125.00 10,976.56 UNITED STATES TREASURY 1/31/2024 4.000% 1/31/2029 91282CJW2 6,400,000.00 AA+ 2/13/2024 6,367,750.00 4.11% 6,417,472.00 49,722.00 UNITED STATES TREASURY 1/31/2024 4.000% 1/31/2029 91282CJW2 5,030,000.00 AA+ 2/14/2024 4,968,107.42 4.28% 5,043,731.90 75,624.48 UNITED STATES TREASURY 1/31/2024 4.000% 1/31/2029 91282CJW2 4,735,000.00 AA+ 9/5/2024 4,814,348.24 3.58% 4,747,926.55 -66,421.69 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% 9,047,904.60 7,404.60 UNITED STATES TREASURY 2/29/2024 4.250% 2/28/2029 91282CKD2 4,375,000.00 AA+ 9/27/2024 4,498,046.88 3.56% 4,426,275.00 -71,771.88 UNITED STATES TREASURY 2/29/2024 4.250% 2/28/2029 91282CKD2 2,850,000.00 AA+ 3/7/2024 2,867,923.83 4.11% 2,883,402.00 15,478.17 UNITED STATES TREASURY 4/1/2024 4.125% 3/31/2029 91282CKG5 10,050,000.00 AA+ 4/11/2024 9,938,900.39 4.37% 10,123,465.50 184,565.11 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% 16,853,035.50 440,867.53 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% 5,771,587.50 -37,982.81 UNITED STATES TREASURY 5/31/2024 4.500% 5/31/2029 91282CKT7 4,950,000.00 AA+ 6/7/2024 4,993,892.58 4.30% 5,057,316.00 63,423.42 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX8 24,360,000.00 AA+ 9/5/2024 25,072,406.07 3.58% 24,656,948.40 -415,457.67 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX8 1,100,000.00 AA+ 8/15/2024 1,128,316.41 3.67% 1,113,409.00 -14,907.41 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX8 7,590,000.00 AA+ 7/3/2024 7,538,411.72 4.40% 7,682,522.10 144,110.38 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX8 16,955,000.00 AA+ 7/3/2024 16,858,965.82 4.38% 17,161,681.45 302,715.63 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% 9,600,086.50 -219,150.80 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% 10,302,597.00 -126,498.70 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% 12,540,742.00 -195,472.84 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% 1,846,550.20 -17,606.05 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% 5,473,758.00 -8,034.97 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% 5,090,840.40 -10,916.05 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% 3,198,304.50 25,908.99 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% 1,148,367.60 16,828.54 UNITED STATES TREASURY 12/2/2024 4.125% 11/30/2029 91282CMA6 13,100,000.00 AA+ 12/6/2024 13,123,539.06 4.08% 13,201,263.00 77,723.94 UNITED STATES TREASURY 12/2/2024 4.125% 11/30/2029 91282CMA6 2,700,000.00 AA+ 12/31/2024 2,672,472.66 4.36% 2,720,871.00 48,398.34 UNITED STATES TREASURY 12/2/2024 4.125% 11/30/2029 91282CMA6 5,200,000.00 AA+ 12/13/2024 5,178,265.63 4.22% 5,240,196.00 61,930.37 UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG3 5,100,000.00 AA+ 2/5/2025 5,081,200.85 4.33% 5,165,331.00 84,130.15 UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG3 1,115,000.00 AA+ 2/6/2025 1,115,261.33 4.24% 1,129,283.15 14,021.82 UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG3 10,000.00 AA+ 1/31/2025 9,970.70 4.32% 10,128.10 157.40 UNITED STATES TREASURY 2/28/2023 4.000% 2/28/2030 91282CGQ8 45,410,000.00 AA+ 3/6/2025 45,179,402.34 4.11% 45,513,080.70 333,678.36 UNITED STATES TREASURY 3/31/2025 4.000% 3/31/2030 91282CMU2 5,520,000.00 AA+ 3/31/2025 5,513,315.61 4.03% 5,531,205.60 17,889.99 U.S. Treasury Bond / Note Subtotal 803,780,000.00 808,111,482.64 808,816,261.15 704,778.51 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% 1,817,796.60 -47,132.40 FNMA Medium Term Note Subtotal 1,860,000.00 1,864,929.00 1,817,796.60 -47,132.40 4/14/2025 12:46 PM 2 of 5
Attachment A
City of Santa Clara Monthly Report
3/31/2025
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 8/30/2022 4.050% 8/28/2025 3134GXS54 5,000,000.00 AA+ 8/30/2022 4,998,000.00 4.06% 4,989,450.00 -8,550.00 FHLMC Medium Term Note Subtotal 5,000,000.00 4,998,000.00 4,989,450.00 -8,550.00 FANNIE MAE-ACES 7/1/2023 4.182% 7/1/2028 3136BQDE6 8,358,045.98 AA+ 11/30/2023 8,033,844.89 5.14% 8,309,820.01 275,975.12 FANNIE MAE-ACES 7/1/2023 4.182% 7/1/2028 3136BQDE6 7,259,559.85 AA+ 7/31/2023 7,136,487.63 4.58% 7,217,672.24 81,184.61

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 1/1/2017 3.347% 11/1/2026 3137BTUM1 5,187,302.68 AA+ 5/24/2023 5,027,631.04 4.29% 5,098,807.30 71,176.26

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% 7,849,360.00 303,110.00

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% 4,456,508.85 171,248.50

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% 6,376,491.00 274,596.47

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2023 4.819% 6/1/2028 3137HACX2 7,500,000.00 AA+ 7/20/2023 7,574,910.00 4.59% 7,606,650.00 31,740.00

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2023 4.777% 6/1/2028 3137HAD45 6,030,603.11 AA+ 7/27/2023 6,030,452.36 4.78% 6,069,741.72 39,289.36

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 10/1/2023 4.740% 8/1/2028 3137HAQ74 5,750,000.00 AA+ 10/19/2023 5,623,868.00 5.25% 5,822,622.50 198,754.50

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 2/1/2025 4.850% 1/1/2030 3137HJZY6 9,019,000.00 AA+ 2/27/2025 9,076,532.20 4.70% 9,201,995.51 125,463.31

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 3/1/2025 4.430% 2/1/2030 3137HKPF5 5,960,000.00 AA+ 3/20/2025 5,959,934.44 4.43% 5,975,317.20 15,382.76 Federal Agency Commercial
Mortgage-Backed Security Subtotal 74,134,511.62 72,397,065.44 73,984,986.33 1,587,920.89 ADOBE INC 4/4/2024 4.800% 4/4/2029 00724PAF6 1,635,000.00 A+ 4/4/2024 1,632,563.85 4.83% 1,661,503.35 28,939.50 ADOBE INC 4/4/2024 4.800% 4/4/2029 00724PAF6 1,340,000.00 A+ 4/4/2024 1,337,762.20 4.84% 1,361,721.40 23,959.20 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% 5,577,730.20 223,343.40 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% 6,602,255.15 -70,708.95 BANK OF NY MELLON CORP 1/28/2021 0.750% 1/28/2026 06406RAQ0 9,000,000.00 A 2/10/2021 9,025,920.00 0.69% 8,738,640.00 -287,280.00 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% 4,071,648.60 -14,407.20 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% 4,071,648.60 -13,703.40 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% 2,968,678.72 57,456.60 BLACKROCK INC 3/14/2024 4.700% 3/14/2029 09290DAA9 350,000.00 AA- 3/14/2024 349,366.50 4.74% 355,348.00 5,981.50 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% 4,999,750.00 -5,350.00 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% 4,064,320.00 65,960.00 BOFA SECURITIES INC. 4/22/2021 1.734% 7/22/2027 06051GJS9 1,420,000.00 A- 8/10/2022 1,281,251.80 3.92% 1,368,667.00 87,415.20 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% 5,603,286.50 -69,387.00 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% 11,690,500.75 465,500.75 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% 5,399,188.20 -160,067.40 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% 1,545,934.35 -11,709.15 ELI LILLY & COMPANY 8/14/2024 4.200% 8/14/2029 532457CQ9 445,000.00 A+ 8/14/2024 444,025.45 4.25% 442,405.65 -1,619.80 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% 2,985,210.00 -28,830.00

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% 4,971,100.00 -126,800.00

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% 2,241,966.10 60,005.55 JOHN DEERE CAPITAL CORP 6/17/2021 1.050% 6/17/2026 24422EVR7 5,000,000.00 A 12/8/2021 4,908,600.00 1.47% 4,813,950.00 -94,650.00 4/14/2025 12:46 PM 3 of 5
Attachment A
City of Santa Clara Monthly Report
3/31/2025
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 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% 617,245.20 6,370.65 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% 515,221.20 10,973.65 JOHNSON & JOHNSON 2/20/2025 4.500% 3/1/2027 478160DG6 4,850,000.00 AAA 3/13/2025 4,879,439.50 4.17% 4,890,837.00 11,397.50

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% 3,975,606.00 264,860.00

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% 2,841,491.25 166,959.00

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% 5,099,950.00 -3,400.00

JPMORGAN CHASE FINANCIAL
CO LLC 1/24/2025 4.915% 1/24/2029 46647PEU6 2,825,000.00 A 3/13/2025 2,841,921.75 4.74% 2,851,865.75 9,944.00 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% 7,120,275.00 230,400.00 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% 5,368,872.30 -17,022.90 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% 6,217,698.30 99,816.75 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% 3,203,056.70 58,056.70

NOVARTIS FINANCE
CORPORATION 11/20/2015 3.000% 11/20/2025 66989HAJ7 10,000,000.00 AA- 1/31/2023 9,638,600.00 4.38% 9,922,700.00 284,100.00 PACCAR FINANCIAL CORP 1/31/2024 4.600% 1/31/2029 69371RS80 7,000,000.00 A+ 7/30/2024 6,996,080.00 4.61% 7,046,340.00 50,260.00 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% 4,421,084.40 47,873.40 PEPSICO INC 2/7/2025 4.600% 2/7/2030 713448GB8 2,380,000.00 A+ 2/7/2025 2,376,001.60 4.64% 2,401,753.20 25,751.60 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% 5,841,634.50 -18,954.00 STATE STREET BANK & TR 2/28/2025 4.729% 2/28/2030 857477CW1 9,240,000.00 A 2/28/2025 9,251,365.20 4.70% 9,289,711.20 38,346.00 TARGET CORP 1/24/2022 1.950% 1/15/2027 87612EBM7 4,595,000.00 A 2/1/2022 4,567,889.50 2.08% 4,422,687.50 -145,202.00 TARGET CORP 1/24/2022 1.950% 1/15/2027 87612EBM7 990,000.00 A 1/24/2022 988,317.00 1.99% 952,875.00 -35,442.00 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% 5,747,168.00 156,912.00 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% 5,685,807.00 -326,040.00 Corporate Note Subtotal 184,689,000.00 182,919,322.92 183,969,332.07 1,050,009.15

AMERICAN EXPRESS CREDIT
ACCOUNT MASTER 9/19/2023 5.230% 9/15/2028 02582JKD1 6,170,000.00 AAA 9/19/2023 6,169,724.20 5.23% 6,245,335.70 75,611.50 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% 3,076,668.00 32,076.94 BOFA AUTO TRUST 2024-1 7/31/2023 5.530% 2/15/2028 06428AAC2 2,993,227.98 NR 7/31/2023 2,993,114.53 5.53% 3,014,599.63 21,485.10 BOFA AUTO TRUST 2024-1 11/21/2023 5.740% 6/15/2028 06054YAC1 6,595,000.00 NR 11/21/2023 6,594,880.63 5.74% 6,680,998.80 86,118.17 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% 6,113,489.85 70,165.52 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% 7,648,196.40 44,354.64

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% 1,863,328.95 8,561.57 FIFTH THIRD AUTO TRUST 8/23/2023 5.530% 8/15/2028 31680EAD3 5,270,000.00 AAA 8/23/2023 5,269,673.26 5.53% 5,316,376.00 46,702.74

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% 819,637.35 4,801.25

HONDA AUTO RECEIVABLES
OWNER TRUST 2024 11/24/2021 0.880% 1/21/2026 43815GAC3 82,648.33 NR 11/24/2021 82,630.91 0.89% 82,367.33 -263.58

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% 4,864,372.00 40,366.91

HYUNDAI AUTO RECEIVABLES
TRUST 2024-C 11/13/2023 5.540% 10/16/2028 44918CAD4 2,530,000.00 AAA 11/13/2023 2,529,667.31 5.54% 2,563,193.60 33,526.29

HYUNDAI AUTO RECEIVABLES
TRUST 2024-C 3/12/2025 4.320% 10/15/2029 44935CAD3 6,570,000.00 AAA 3/12/2025 6,569,030.93 4.32% 6,562,247.40 -6,783.53 4/14/2025 12:46 PM 4 of 5
Attachment A
City of Santa Clara Monthly Report
3/31/2025
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

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% 1,942,748.50 18,234.75

KUBOTA CREDIT OWNER
TRUST 2024-2A 2/19/2025 4.670% 6/15/2029 50117FAC5 4,065,000.00 NR 2/19/2025 4,064,860.57 4.67% 4,094,552.55 29,691.98

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% 1,514,601.90 9,942.33

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% 1,750,978.50 26,164.45

USAA AUTO OWNER TRUST
2024-A 9/15/2023 5.580% 5/15/2028 90291VAC4 5,907,547.19 AAA 9/15/2023 5,906,513.37 5.58% 5,944,410.28 37,896.91

VOLKSWAGEN AUTO LOAN
ENHANCED TRUST 202 3/25/2025 4.500% 8/20/2029 92868MAD1 6,905,000.00 NR 3/25/2025 6,904,765.23 4.50% 6,925,715.00 20,949.77 Asset-Backed Security Subtotal 76,433,423.51 76,424,214.03 77,023,817.74 599,603.71 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% 7,623,525.00 123,525.00 Certificate of Deposit Subtotal 7,500,000.00 7,500,000.00 7,623,525.00 123,525.00

PRINCIPAL PUBLIC DEPOSIT
SWEEP PROGRAM 2.250% 4/1/2025 992995944 342,059.82 9/1/2020 342,059.82 342,059.82 -

LOCAL AGENCY INVESTMENT
FUND 4.313% 4/1/2025 6,143,280.67 9/30/1997 6,143,280.67 6,143,280.67 -

CALIFORNIA ASSET
MANAGEMENT PROGRAM 4.470% 4/1/2025 179,543,804.49 10/4/2022 179,543,804.49 179,543,804.49 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.470% 4/4/2025 10,000,000.00 12/6/2024 10,000,000.00 10,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.330% 4/30/2025 10,000,000.00 1/31/2025 10,000,000.00 10,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.310% 5/6/2025 10,000,000.00 1/8/2025 10,000,000.00 10,000,000.00 - DREYFUS TREASURY 4.190% 4/1/2025 2,432,394.27 10/31/1997 2,432,394.27 2,432,394.27 - Cash Equivalent Subtotal 218,461,539.25 218,461,539.25 218,461,539.25 - Grand Total Count 169 1,371,858,474.38 1,372,676,553.28 1,376,686,708.14 4,010,154.86 *NR = Not Rated by S&P Global. These Asset Backed Securities are rated by Moody's Ratings as Aaa. 4/14/2025 12:46 PM 5 of 5
Attachment A
PAGE 20

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2025 THROUGH MARCH 31, 2025 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

CASH EQUIVALENTS
03/06/25 6,400,000 PURCHASED 6,395,573.33- 6,395,573.33 FHLB Z-CPN 3/12/25
CUSIP 313385CY0
AT $99.9308 ON TRADE DATE 03/06/2025
J.P. MORGAN SECURITIES INC., -
03/12/25 6,400,000- MATURED 6,395,573.33 6,395,573.33-
FHLB Z-CPN 3/12/25
CUSIP 313385CY0
AT $100.0000 ON TRADE DATE 03/12/2025
03/12/25 INTEREST RECEIVED 4,426.67
FHLB Z-CPN 3/12/25
CUSIP 313385CY0
INTEREST ON 6,400,000.000 UNITS
6,400,000 PAR VALUE AT 100 %
03/03/25 INTEREST RECEIVED 1,897.85

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
INTEREST FROM 2/1/25 TO 2/28/25
03/13/25 4,790,000 PURCHASED 4,786,072.80- 4,786,072.80 U.S. TREASURY BILLS 3/20/25
CUSIP 912797KJ5
AT $99.9180 ON TRADE DATE 03/12/2025
TO SETTLE ON 03/13/2025

BMOCM/BONDS
03/20/25 4,790,000- MATURED 4,786,072.80 4,786,072.80-
U.S. TREASURY BILLS 3/20/25
CUSIP 912797KJ5
AT $100.0000 ON TRADE DATE 03/20/2025
Attachment B
PAGE 21

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/20/25 INTEREST RECEIVED 3,927.20
U.S. TREASURY BILLS 3/20/25
CUSIP 912797KJ5
INTEREST ON 4,790,000.000 UNITS
4,790,000 PAR VALUE AT 100 %
03/19/25 6,695,000 PURCHASED 6,690,314.62- 6,690,314.62 U.S. TREASURY BILLS 3/25/25
CUSIP 912797NS2
AT $99.9300 ON TRADE DATE 03/18/2025
TO SETTLE ON 03/19/2025

CITIGROUP GBL MKTS/SALOMON BRO
03/25/25 6,695,000- MATURED 6,690,314.62 6,690,314.62-
U.S. TREASURY BILLS 3/25/25
CUSIP 912797NS2
AT $100.0000 ON TRADE DATE 03/25/2025
03/25/25 INTEREST RECEIVED 4,685.38
U.S. TREASURY BILLS 3/25/25
CUSIP 912797NS2
INTEREST ON 6,695,000.000 UNITS
6,695,000 PAR VALUE AT 100 %
03/31/25 111,990,933.34 CASH SWEEP PURCHASES FOR STMT PERIOD 111,990,933.34- 111,990,933.34

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
11 TRANSACTIONS
03/31/25 111,682,839.6- CASH SWEEP SALES FOR STMT PERIOD 111,682,839.60 111,682,839.60-

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
6 TRANSACTIONS

BONDS & NOTES
03/17/25 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 3/15/25
Attachment B
PAGE 22

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/17/25 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 3/17/25
03/17/25 126,772.02- PAID DOWN 126,772.02 126,767.22- 4.80 BANK OF AMERICA ABS 5.530% 2/15/28
CUSIP 06428AAC2
03/17/25 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 3/15/25
03/17/25 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 3/15/25
03/14/25 INTEREST RECEIVED 76,939.00
BLACKROCK FUNDING 4.700% 3/14/29
CUSIP 09290DAA9
INTEREST ON 3,274,000.000 UNITS
03/17/25 INTEREST RECEIVED 132,480.00
BLACKROCK INC 3.200% 3/15/27
CUSIP 09247XAN1
INTEREST ON 8,280,000.000 UNITS
03/17/25 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 3/15/25
Attachment B
PAGE 23

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/17/25 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 3/15/25
03/31/25 INTEREST RECEIVED 325,693.38
CITIBANK 5.803% 9/29/28
CUSIP 17325FBB3
INTEREST ON 11,225,000.000 UNITS
03/25/25 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 3/25/25
03/25/25 INTEREST RECEIVED 14,502.50
FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
$0.00271/PV ON 5,199,583.42 PV
DUE 3/25/25
03/25/25 12,280.74- PAID DOWN 12,280.74 11,902.72- 378.02 FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
03/25/25 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 3/25/25
03/25/25 INTEREST RECEIVED 36,451.79
FHLMC K536 CMO V-M 4.850% 1/25/30
CUSIP 3137HJZY6
$0.00404/PV ON 9,019,000.00 PV
DUE 3/25/25
Attachment B
PAGE 24

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/20/25 5,960,000 PURCHASED 5,959,934.44- 5,959,934.44 FHLMC K537 CMO V-M 4.430% 2/25/30
CUSIP 3137HKPF5
AT $99.9989 ON TRADE DATE 03/11/2025
TO SETTLE ON 03/20/2025
MORGAN STANLEY & CO.
03/20/25 ACCRUED INTEREST ON PURCHASE 13,934.81-
FHLMC K537 CMO V-M 4.430% 2/25/30
CUSIP 3137HKPF5
03/25/25 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 3/25/25
03/25/25 INTEREST RECEIVED 24,036.96
FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
$0.00393/PV ON 6,038,172.91 PV
DUE 3/25/25
03/25/25 7,569.8- PAID DOWN 7,569.80 7,569.61- 0.19
FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
03/25/25 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 3/25/25
03/17/25 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 3/15/25
Attachment B
PAGE 25

STATEMENT OF TRANSACTIONS

REALIZED

TO BALANCE TO CUSTODIAN
03/13/25 0.08 SHARE ADJUSTMENT
FNMA SER M6 CMO V-M 4.182% 7/25/28
CUSIP 3136BQDE6

TO BALANCE TO CUSTODIAN
03/25/25 INTEREST RECEIVED 54,422.16
FNMA SER M6 CMO V-M 4.182% 7/25/28
CUSIP 3136BQDE6
$0.00348/PV ON 15,617,718.33 PV
DUE 3/25/25
03/25/25 112.49- PAID DOWN 112.49 109.26- 3.23
FNMA SER M6 CMO V-M 4.182% 7/25/28
CUSIP 3136BQDE6
03/17/25 INTEREST RECEIVED 3,293.96
GM FINANCIAL ABS 4.850% 12/18/28
CUSIP 36268GAD7
$0.00404/PV ON 815,000.00 PV
DUE 3/16/25
03/18/25 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 3/18/25
03/21/25 INTEREST RECEIVED 100.46
HONDA AUTO RECEIVABL 0.880% 1/21/26
CUSIP 43815GAC3
$0.00006/PV ON 136,996.28 PV
DUE 3/21/25
Attachment B
PAGE 26

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/21/25 54,347.95- PAID DOWN 54,347.95 54,336.49- 11.46 HONDA AUTO RECEIVABL 0.880% 1/21/26
CUSIP 43815GAC3
03/12/25 6,570,000 PURCHASED 6,569,030.93- 6,569,030.93 HYUNDAI AUTO ABS 4.320% 10/15/29
CUSIP 44935CAD3
AT $99.9853 ON TRADE DATE 03/04/2025
TO SETTLE ON 03/12/2025
BARCLAYS CAPITAL INC. FIXED IN
03/17/25 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 3/15/25
03/14/25 0.01- SHARE ADJUSTMENT
HYUNDAI AUTO RECEIVA 0.740% 5/15/26
CUSIP 44935FAD6
03/17/25 INTEREST RECEIVED 16.02
HYUNDAI AUTO RECEIVA 0.740% 5/15/26
CUSIP 44935FAD6
$0.00001/PV ON 25,985.65 PV
DUE 3/17/25
03/17/25 25,985.65- PAID DOWN 25,985.65 25,979.86- 5.79 HYUNDAI AUTO RECEIVA 0.740% 5/15/26
CUSIP 44935FAD6
AT $18,089.7618 ON TRADE DATE 03/17/2025
03/03/25 INTEREST RECEIVED 13,750.00
JOHNSON & JOHNSON 0.550% 9/01/25
CUSIP 478160CN2
INTEREST ON 5,000,000.000 UNITS
Attachment B
PAGE 27

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/13/25 5,000,000- SOLD 4,911,050.00 5,023,550.00- 112,500.00- JOHNSON & JOHNSON 0.550% 9/01/25
CUSIP 478160CN2
AT $98.2210 ON TRADE DATE 03/12/2025
TO SETTLE ON 03/13/2025

GOLDMAN SACHS
03/13/25 ACCRUED INTEREST ON SALE 916.67
JOHNSON & JOHNSON 0.550% 9/01/25
CUSIP 478160CN2
03/13/25 4,850,000 PURCHASED 4,879,439.50- 4,879,439.50 JOHNSON & JOHNSON 4.500% 3/01/27
CUSIP 478160DG6
AT $100.6070 ON TRADE DATE 03/12/2025
TO SETTLE ON 03/13/2025

MERRILL LYNCH,PIERCE,FENNER
03/13/25 ACCRUED INTEREST ON PURCHASE 13,943.75-
JOHNSON & JOHNSON 4.500% 3/01/27
CUSIP 478160DG6
03/13/25 2,825,000 PURCHASED 2,841,921.75- 2,841,921.75 JPMORGAN & CHASE V-Q 4.915% 1/24/29
CUSIP 46647PEU6
AT $100.5990 ON TRADE DATE 03/12/2025
TO SETTLE ON 03/13/2025

GOLDMAN SACHS
03/13/25 ACCRUED INTEREST ON PURCHASE 18,898.86-
JPMORGAN & CHASE V-Q 4.915% 1/24/29
CUSIP 46647PEU6
03/17/25 INTEREST RECEIVED 13,710.34
KUBOTA CREDIT ABS 4.670% 6/15/29
CUSIP 50117FAC5
$0.00337/PV ON 4,065,000.00 PV
DUE 3/15/25
Attachment B
PAGE 28

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/17/25 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 3/15/25
03/03/25 INTEREST RECEIVED 100,000.00
MASTERCARD INC 2.000% 3/03/25
CUSIP 57636QAN4
INTEREST ON 10,000,000.000 UNITS
03/03/25 10,000,000- MATURED 10,000,000.00 10,204,250.00- 204,250.00- MASTERCARD INC 2.000% 3/03/25
CUSIP 57636QAN4
AT $100.0000 ON TRADE DATE 03/03/2025
03/31/25 INTEREST RECEIVED 61,646.25
STATE STREET CORP 2.901% 3/30/26
CUSIP 857477BM4
INTEREST ON 4,250,000.000 UNITS
03/31/25 4,250,000- FULL CALL 4,250,000.00 4,275,372.50- 25,372.50- 4,250,000 $1 PV
STATE STREET CORP 2.901% 3/30/26
ON 03/30/25 AT 1.00 USD
LT CAPITAL LOSS OF 25,372.50- USD ON
LT CAPITAL LOSS OF 25,372.50- USD ON
FEDERAL TAX COST 4,275,372.50 USD
STATE TAX COST 4,275,372.50 USD
03/17/25 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 3/15/25
Attachment B
PAGE 29

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/17/25 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 3/15/25
03/11/25 INTEREST RECEIVED 147,000.00
TOYOTA MTR CR MTN 5.250% 9/11/28
CUSIP 89236TLB9
INTEREST ON 5,600,000.000 UNITS
03/31/25 INTEREST RECEIVED 188,300.00
U.S. TREASURY NOTES 3.500% 9/30/29
CUSIP 91282CLN9
INTEREST ON 10,760,000.000 UNITS
03/31/25 INTEREST RECEIVED 195,659.38
U.S. TREASURY NOTES 3.625% 3/31/28
CUSIP 91282CGT2
INTEREST ON 10,795,000.000 UNITS
03/03/25 10,115,000 PURCHASED 10,002,391.60- 10,002,391.60 U.S. TREASURY NOTES 3.625% 5/31/28
CUSIP 91282CHE4
AT $98.8867 ON TRADE DATE 03/03/2025
BARCLAYS CAPITAL INC. FIXED IN
03/03/25 ACCRUED INTEREST ON PURCHASE 93,681.85-
U.S. TREASURY NOTES 3.625% 5/31/28
CUSIP 91282CHE4
03/06/25 50,210,000 PURCHASED 49,955,027.34- 49,955,027.34 U.S. TREASURY NOTES 4.000% 2/28/30
CUSIP 91282CGQ8
AT $99.4922 ON TRADE DATE 03/06/2025

CITIGROUP GBL MKTS/SALOMON BRO
Attachment B
PAGE 30

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/06/25 ACCRUED INTEREST ON PURCHASE 32,745.65-
U.S. TREASURY NOTES 4.000% 2/28/30
CUSIP 91282CGQ8
03/13/25 4,800,000- SOLD 4,783,312.50 4,775,625.00- 7,687.50 U.S. TREASURY NOTES 4.000% 2/28/30
CUSIP 91282CGQ8
AT $99.6523 ON TRADE DATE 03/12/2025
TO SETTLE ON 03/13/2025
RBC DAIN RAUSCHER INC.
03/13/25 ACCRUED INTEREST ON SALE 6,782.61
U.S. TREASURY NOTES 4.000% 2/28/30
CUSIP 91282CGQ8
03/31/25 INTEREST RECEIVED 207,281.25
U.S. TREASURY NOTES 4.125% 3/31/29
CUSIP 91282CKG5
INTEREST ON 10,050,000.000 UNITS
03/31/25 INTEREST RECEIVED 232,650.00
U.S. TREASURY NOTES 4.125% 9/30/27
CUSIP 91282CFM8
INTEREST ON 11,280,000.000 UNITS
03/06/25 42,865,000 PURCHASED 42,977,185.74- 42,977,185.74 U.S. TREASURY NOTES 4.125% 10/31/27
CUSIP 91282CFU0
AT $100.2617 ON TRADE DATE 03/06/2025
MORGAN STANLEY & CO.
03/06/25 ACCRUED INTEREST ON PURCHASE 615,444.30-
U.S. TREASURY NOTES 4.125% 10/31/27
CUSIP 91282CFU0
Attachment B
PAGE 31

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/19/25 6,575,000- SOLD 6,591,437.50 6,632,830.92- 41,393.42- U.S. TREASURY NOTES 4.125% 10/31/27
CUSIP 91282CFU0
AT $100.2500 ON TRADE DATE 03/18/2025
TO SETTLE ON 03/19/2025

BMOCM/BONDS
03/19/25 ACCRUED INTEREST ON SALE 104,142.01
U.S. TREASURY NOTES 4.125% 10/31/27
CUSIP 91282CFU0
03/17/25 INTEREST RECEIVED 678,834.38
U.S. TREASURY NOTES 4.625% 9/15/26
CUSIP 91282CHY0
INTEREST ON 29,355,000.000 UNITS
03/31/25 5,520,000 PURCHASED 5,513,315.61- 5,513,315.61 U.S. TREASURY NT 3.875% 3/31/30
CUSIP 91282CMU2
AT $99.8789 ON TRADE DATE 03/28/2025
TO SETTLE ON 03/31/2025
BARCLAYS CAPITAL INC. FIXED IN
03/17/25 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 3/15/25
03/17/25 122,452.81- PAID DOWN 122,452.81 122,431.38- 21.43 USAA AUTO OWNER ABS 5.580% 5/15/28
CUSIP 90291VAC4
03/25/25 6,905,000 PURCHASED 6,904,765.23- 6,904,765.23 VOLKSWAGEN AUTO ABS 4.500% 8/20/29
CUSIP 92868MAD1
AT $99.9966 ON TRADE DATE 03/18/2025
TO SETTLE ON 03/25/2025
BARCLAYS CAPITAL INC. FIXED IN
Attachment B
PAGE 32

STATEMENT OF TRANSACTIONS

REALIZED

OTHER CASH RECEIPTS
03/05/25 ADDITION TO ACCOUNT 90,000,000.00

CONTRIBUTION TO FUND ACCOUNT

CALIFORNIA ASSET MANAGEMENT TRUST
03/05/25 ADDITION TO ACCOUNT 10,000,000.00

CONTRIBUTION TO FUND ACCOUNT

CALIFORNIA ASSET MANAGEMENT TRUST
================================================================================================================= ENDING BALANCE 0.00 1,154,557,073.85
¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯
Attachment B

City Council and Authorities ConcurrentMay 27, 2025

City Council and Authorities Concurrent
May 27, 2025