Monthly Investment Report - May 2025 — City Council and Authorities Concurrent, July 15, 2025

_____________________________________________________________________

MONTHLY INVESTMENT REPORT

May 2025

5 Attachment B: Statement of Transactions 13

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

1 CITY OF SANTA CLARA

SUMMARY OF INVESTMENT PORTFOLIO

All securities held by the City of Santa Clara as of May 31, 2025 were in compliance with the City's Investment Policy Statemen t regarding current market strategy and long-term goals and objectives. All securities held are rated A or higher by two nationa lly 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 May 31, 2025.

On May 31, 2025 the cost value and market value of the City's unrestricted pooled investment portfolio were $1,416,323,998 and $1,420,153,531 respectively.

Investment Strategy and Market Update
The Federal Reserve (Fed) held the target range for the overnight rate unchanged at 4.25% to 4.50% following the Federal Open Market Committee (FOMC) meeting on May7. In its press release, the Fed noted increased uncertainty around the economic outlook with increasing risks of both higher unemployment and higher inflation. During the press conference, Fed Chair Jerome Powell noted the uncertainty caused by larger-than-expected tariffs warranted patience.

The month-over-month change in the Core Personal Consumption Expenditures Index (PCE), the Fed’s preferred measure of inflation, rose a modest 0.1%. The benign reading underscores the Fed’s ability to wait to see the impact of tariffs on the economy.

The May jobs report was broadly in line with expectations and showed 139,000 new jobs created in April while the unemployment rate remained stable at 4.2%. Headwinds are mounting, however, as initial jobless claims continue to increase, and the number of unemployed individuals is now at the highest level since October 2021.

Yields on 3-month, 2-year, and 10-year U.S. Treasuries ended May at 4.33%, 3.90%, and 4.40%, representing increases of+5 basis points (bps), +29 bps, and +24 bps, respectively. The steepness of the yield curve (measured by the yield difference between 2- and 10-year maturities) has remained near 0.50% for the majority of the past two months.

Fixed income indices produced negative returns for the month due to higher yields with the exception of the shortest duration indices. The ICE BofA 3-month, 2-year, and 10-yearU.S. Treasury indices returned +0.36%, -0.29%, and -1.41%, respectively.

COST VALUE PERCENTAGE
City $1,415,190,806 99.92%
SOSA 8,623 0.00%
HA 1,124,569 0.08% Unrestricted $1,416,323,998 100.00%
Restricted Bond Proceeds 2,449,430 Total Investments $1,418,773,428
2 The City's investment strategy for May 2025 was to invest f unds 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 May 31, 2025, 53.19% of the City’s portfolio consists of U.S. Treasury Notes, 17.43% consists of California Asset Management Program (CAMP), 15.73% consists of investment grade Corporat e Notes, 6.44% consists of investment grade Mortgage-Backed Securities, 5.71% consists of investment grade Asset-Back Securities, 0.53% consists of Negotiable Certificates of Deposit, 0.44% consists of Local Agency Investment Fund (LAIF), and 0.35% cons ists of Federal Agencies. 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

53.19%
Federal Agency Notes

0.35%
Corporate Notes

15.73%
Asset‐Backed Securities

5.71%
Negotiable Certificates of
Deposit

0.53%
Mortgage‐Backed Securities

6.44% Money Market Fund

0.01%
Local Agency Investment
Fund (LAIF)

0.44%
California Asset Management
Program (CAMP)

17.43%
Mutual Fund ‐ Traffic Mitigation
Bond Proceeds

0.17%
3 The City’s securities portfolio is benchmarked against the ICE BAML 1-5 US Treasury Index.

4.12%

4.37%

4.50%

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
5/31/2025
Investment Yield
Liquidity Portfolio1 4.36%
LAIF average monthly yield 4.27%

Securities Portfolio2 4.12%
ICE BAML 1‐5 US Treasury Index (24‐month rolling average market yield) 4.37% ICE BAML 1‐5 AAA‐A US Corporate & Government Index (24‐month rolling average market yield) 4.50%

City Portfolio (Liquidity + Securities) 4.16%

Investment Total Return*
Securities Portfolio -0.23%
ICE BAML 1‐5 US Treasury Index -0.36%
ICE BAML 1‐5 AAA‐A US Corporate & Government Index -0.28%

Average Maturity of Investments (in years)
Liquidity Portfolio1 0.11
Securities Portfolio2 2.86
City Portfolio (Liquidity + Securities) 2.35
ICE BAML 1‐5 US Treasury Index 2.74
ICE BAML 1‐5 AAA‐A US Corporate & Government Index 2.79

Cash Interest Income Current Month3 $ 3,818,154
Cash Interest Income Fiscal Year‐To‐Date3 $ 42,766,398

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 MAY 31, 2025

PER
COST % OF INVESTMENT

INVESTMENT TYPE

VALUE PORTFOLIO POLICY

U.S. Treasury Notes 754,647,463 53.19% No Limit Federal Agency Notes 4,998,000 0.35% 80% Corporate Notes 223,171,796 15.73% 25%
Asset-Backed Securities 81,019,794 5.71% 10% Negotiable Certificates of Deposit 7,500,000 0.53% 30% Mortgage-Backed Securities 91,302,980 6.44% 15% Money Market Fund 76,089 0.01% 10% Per Fund Local Agency Investment Fund (LAIF) 6,210,979 0.44% $75 M California Asset Management Program (CAMP) 247,396,897 17.43% No Limit Mutual Fund - Traffic Mitigation Bond Proceeds 2,449,430 0.17% 10% Per Fund TOTAL INVESTMENTS $ 1,418,773,428 100.00%

6 INVESTMENT MATURITY DISTRIBUTION
AS OF MAY 31, 2025

UNRESTRICTED POOLED PORTFOLIO

MATURITY NUMBER OF
(IN MONTHS) COST VALUE INVESTMENTS DISTRIBUTION

DEMAND (a) $ 193,683,964 (a) 3 13.68%
0 TO 6 102,174,277 13 7.21%
7 TO 12 29,970,508 5 2.12%
13 TO 18 104,703,927 8 7.39%
19 TO 24 124,327,651 17 8.78%
25 TO 30 195,282,762 19 13.78%
31 TO 36 134,725,993 20 9.51%
37 TO 42 142,736,804 28 10.08%
43 TO 48 128,299,862 24 9.06%
49 TO 54 161,882,621 21 11.43%
55 TO 60 98,535,629 19 6.96%

TOTAL $ 1,416,323,998 177 100.00%
Average Maturity of Unrestricted Pool: 2.35 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 MAY 31, 2025
City of Santa Clara Monthly Report
5/31/2025
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 4,995,000.00 AA+ 11/21/2024 5,032,462.50 0.00% 5,024,820.15 -7,642.35 UNITED STATES TREASURY 5/31/2024 4.875% 5/31/2026 91282CKS9 15,790,000.00 AA+ 11/21/2024 15, 912,125.78 0.00% 15,898,003.60 -14,122.18 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% 19,488,743.05 32,431.72 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% 10,069,100.00 138,631.25 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% 10,051,807.50 31,997.93 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% 24,451,760.00 37,883.05 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% 14,040,856.00 -74,524.86 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% 11,169,882.90 31,239.93 UNITED STATES TREASURY 1/31/2025 4.125% 1/31/2027 91282CMH 1 4,065,000.00 AA+ 2/3/2025 4,058,013.28 4.22% 4,074,227.55 16,214.27 UNITED STATES TREASURY 1/31/2025 4.125% 1/31/2027 91282CMH 1 2,400,000.00 AA+ 2/18/2025 2,394,281.25 4.25% 2,405,448.00 11,166.75 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% 12,234,536.10 54,327.51 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% 22,145,127.00 95,085.98 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% 5,244,534.00 -4,012.88 UNITED STATES TREASURY 5/15/2024 4.500% 5/15/2027 91282CKR 1 15,280,000.00 AA+ 12/18/2024 15,373,112.50 4.23% 15,443,496.00 70,383.50 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% 2,223,540.00 -33,952.19 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, 050,926.75 -375,941.41 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% 5,090,029.00 -12,918.66 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% 10,139,500.00 -49,171.88 UNITED STATES TREASURY 8/1/2022 2.750% 7/31/2027 91282CFB 2 9,350,000.00 AA+ 9/14/2022 8,996,818.36 3.60% 9,129,807.50 132,989.14 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% 9,882,223.80 -30,828.54 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, 732,532.85 194,557.65 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% 7,536,297.45 -10,230.68 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% 3,805,855.35 45,546.56 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU 0 42,865,000.00 AA+ 3/6/2025 43,010,788.41 4.02% 43,097,756.95 86,968.54 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% 4,775,792.50 -57,518.05 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% 5,127,693.00 -37,650.75 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU 0 4,355,000.00 AA+ 12/8/2022 4,415,561.72 3.81% 4,378,647.65 -36,914.07 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% 19,062,952.80 -25,175.33 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, 202,504.45 -239,831.49 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 ,263,587.00 -24,471.59 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% 7,129,429.60 -53,488.37 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 ,256,651.00 -63,808.57 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 ,326,465.00 -7,118.98 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 ,850,970.00 -55,108.13 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 ,176,435.00 -70,595.27 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 ,435,203.50 -73,314.47 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 ,106,502.40 42,914.90 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 ,384,140.80 -148,359.20 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 ,621,648.00 94,866.75 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 ,232,105.20 1,419.46 UNITED STATES TREASURY 3/31/2023 3.625% 3/31/2028 91282CGT2 2,680,000.00 AA+ 5/4/ 2023 2,691,241.91 3.42% 2 ,663,250.00 -27,991.91 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 ,024,047.00 -18,441.28 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% 11,654,380.55 -41,197.18 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% 10,045,509.95 43,118.35 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 ,228,082.05 79,007.83 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% 11,344,183.00 226,483.78 6/10/2025 4:24 PM 1 of 6
Attachment A
City of Santa Clara Monthly Report
5/31/2025
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 1,700,000.00 AA+ 7/3/ 2023 1,687,183.59 4.17% 1 ,706,647.00 19,463.41 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 ,986,927.00 64,964.11 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 ,057,829.60 3,692.10 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 ,760,747.40 18,021.23 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 ,083,254.00 -57,585.84 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 ,320,269.60 -35,447.59 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, 637,759.60 -331,340.40 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 ,148,825.75 -1,878.35 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% 14,877,044.00 106,911.19 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% 6,219,500.00 17,351.56 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% 6,419,776.00 52,026.00 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% 5,045,542.70 77,435.28 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% 4,749,631.15 -64,717.09 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% 9,038, 519.70 -1,980.30 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% 4,426,450.00 -71,596.88 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% 2,883,516.00 15,592.17 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% 10,125,375.00 186,474.61 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% 16,841,373.75 429,205.78 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% 5,767,593.75 -41,976.56 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% 5,054,791.50 60,898.92 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX 8 24,360,000.00 AA+ 9/5/2024 25, 071,768.75 3.58% 24, 654,025.20 -417,743.55 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX 8 1,100,000.00 AA+ 8/15/2024 1,128,953.73 3.67% 1,113,277.00 -15,676.73 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% 7,681,611.30 143,199.58 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% 17,159,646.85 300,681.03 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 ,600,469.50 -218,767.80 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, 315,164.00 -113,931.70 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% 12,547,219.00 -188,995.84 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 ,847,503.90 -16,652.35 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 ,479,165.75 -2,627.22 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 ,095,869.85 -5,886.60 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 ,197,955.25 25,559.74 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 ,148,242.20 16,703.14 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% 13,198,774.00 75,234.94 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 ,720,358.00 47,885.34 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 ,239,208.00 60,942.37 UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG 3 5,100,000.00 AA+ 2/5/2025 5,081,200.85 4.33% 5,162,934.00 81,733.15 UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG 3 1,115,000.00 AA+ 2/6/2025 1,115,261.33 4.24% 1,128,759.10 13,497.77 UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG3 10,000.00 AA+ 1/31/2025 9,970.70 4.32% 10,123.40 152.70 UNITED STATES TREASURY 2/28/2023 4.000% 2/28/2030 91282CGQ8 10,185,000.00 AA+ 3/6/2025 10,133,279.30 4.11% 10,206,897.75 73,618.45 UNITED STATES TREASURY 4/30/2025 3.875% 4/30/2030 91282CMZ 1 5,500,000.00 AA+ 5/20/2025 5,445,238.08 0.00% 5,478,110.00 32,871.92 U.S. Treasury Bond / Note Subtotal 750,230,000.00 754,647,463.23 754,857,679.50 210,216.27 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 ,993,800.00 -4,200.00 FHLMC Medium Term Note Subtotal 5,000,000.00 4,998,000.00 4,993,800.00 -4,200.00 6/10/2025 4:24 PM 2 of 6
Attachment A
City of Santa Clara Monthly Report
5/31/2025
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

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 1/1/2017 3.347% 11/1/2026 3137BTU M1 5,165,740.95 AA+ 5/24/2023 5,006,733.01 4.29% 5,090,682.73 83,949.72

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 ,852,960.00 306,710.00

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 ,458,690.45 173,430.10

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 ,385,887.00 283,992.47

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 ,600,275.00 25,365.00

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2023 4.777% 6/1/2028 3137HAD 45 6,019,797.64 AA+ 7/27/2023 6,019,647.16 4.78% 6,051,702.57 32,055.41 FANNIE MAE-ACES 7/1/2023 4.182% 7/1/2028 3136BQDE6 8,357,951.74 AA+ 11/30/ 2023 8,033,754.45 5.14% 8 ,318,585.84 284,831.39 FANNIE MAE-ACES 7/1/2023 4.182% 7/1/2028 3136BQDE6 7,259,478.16 AA+ 7/31/ 2023 7,136,407.32 4.58% 7 ,225,285.97 88,878.65

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% 5,818,712.50 194,844.50

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 2/1/2025 4.850% 1/1/2030 3137HJZ Y6 9,019,000.00 AA+ 2/27/2025 9,076,532.20 4.70% 9,189,008.15 112,475.95

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 4/1/2025 4.478% 1/1/2030 3137HKQC1 10,570,000.00 AA+ 4/10/2025 10, 643,049.27 4.32% 10,617,670.70 -25,378.57

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 4/1/2025 4.410% 1/1/2030 3137HKX J8 4,010,000.00 AA+ 4/24/2025 4,009,859.65 4.41% 4,020,225.50 10,365.85

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 3/1/2025 4.430% 2/1/2030 3137HKPF 5 5,960,000.00 AA+ 3/20/2025 5,959,934.44 4.43% 5,974,602.00 14,667.56

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 5/1/2025 4.513% 2/1/2030 3137HLJA1 4,285,000.00 AA+ 5/29/ 2025 4,284,880.02 4.51% 4 ,310,495.75 25,615.73 Federal Agency Commercial
Mortgage-Backed Security Subtotal 92,966,968.48 91,302, 980.40 92,914,784.16 1,611,803.76

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% 5,000,000.00 -97,900.00

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% 2,255,000.00 73,039.45 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 ,415,000.00 -144,255.60 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% 5,696,466.00 -315,381.00 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 ,990,070.00 -23,970.00 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 ,633,457.25 -39,216.25

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% 9,943,100.00 304,500.00 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, 785,980.00 -239,940.00 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% 4,833,850.00 -74,750.00 ALPHABET INC 8/9/2016 1.998% 8/15/2026 02079KAC 1 5,740,000.00 AA+ 1/30/2023 5,354,386.80 4.05% 5,596,155.60 241,768.80 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% 4,051,160.00 52,800.00 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, 439,459.25 -128,430.25 TARGET CORP 1/24/2022 1.950% 1/15/ 2027 87612EBM7 990,000.00 A 1/24/ 2022 988,317.00 1.99% 956,488.50 -31,828.50 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% 4,890,158.00 10,718.50 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% 4,074,919.20 -11,136.60 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% 4,074,919.20 -10,432.80 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% 6,623,877.45 -49,086.65 6/10/2025 4:24 PM 3 of 6
Attachment A
City of Santa Clara Monthly Report
5/31/2025
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

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 ,992,662.00 281,916.00 GOLDMAN SACHS BANK USA 5/21/2024 5.414% 5/21/2027 38151LAG5 8,750,000.00 A+ 5/22/2025 8,805,037.50 5.08% 8,811,425.00 6,387.50 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 ,373,566.00 92,314.20

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 ,847,399.75 172,867.50

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% 5,091,400.00 -11,950.00 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 ,214,584.75 96,703.20 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 ,201,452.75 56,452.75 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% 617,668.70 6,794.15 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 % 515,574.70 11,327.15 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 ,753,664.00 163,408.00 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% 11,681,857.50 456,857.50 BOFA SECURITIES INC. 1/24/2025 4.979% 1/24/2029 06051GMK 2 4,980,000.00 A- 4/2/2025 5,035,178.40 4.66% 5,028,804.00 -6,374.40

JPMORGAN CHASE FINANCIAL
CO LLC 1/24/2025 4.915% 1/24/2029 46647PEU 6 2,825,000.00 A 3/13/2025 2,841,921.75 4.74% 2 ,849,690.50 7,768.75 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 ,062,160.00 66,080.00 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% 2,970,316.16 59,094.04 BLACKROCK INC 3/14/2024 4.700% 3/14/2029 09290DAA9 350,000.00 AA- 3/14/2024 349,366.50 4.74% 355,544.00 6,177.50 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% 1,669,024.35 36,460.50 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% 1,367,885.40 30,123.20 BANK OF NY MELLON CORP 4/22/2025 4.729% 4/20/2029 06405LAH4 8,000,000.00 AA- 4/ 28/2025 8,093,600.00 4.40% 8 ,068,880.00 -24,720.00 MASTERCARD INC 5/31/2019 2.950% 6/1/2029 57636QAM 6 7,500,000.00 A+ 6/27/2024 6,889,875.00 4.82% 7,152,150.00 262,275.00 PEPSICO INC 7/17/2024 4.500% 7/17/2029 713448FX
1 4,380,000.00 A+ 7/17/2024 4,373,211.00 4.53% 4,423, 712.40 50,501.40 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% 1,552,543.10 -5,100.40 ELI LILLY & COMPANY 8/14/2024 4.200% 8/14/2029 532457CQ9 445,000.00 A+ 8/14/2024 444,02 5.45 4.25% 444,296.90 271.45 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 ,390,996.70 5,101.50 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% 2,404,966.20 28,964.60 CISCO SYSTEMS INC 2/24/2025 4.750% 2/24/2030 17275RBX 9 10,000,000.00 AA- 4/22/2025 10,124,500.00 4.46% 10,166,000.00 41,500.00 CISCO SYSTEMS INC 2/24/2025 4.750% 2/24/2030 17275RBX 9 6,800,000.00 AA- 4/30/2025 6,955,924.00 4.22% 6,912,880.00 -43,044.00 STATE STREET CORP 2/28/2025 4.729% 2/28/2030 857477CW1 9,240,000.00 A 2/28/2025 9,251,365.20 4.70% 9,296,271.60 44,906.40

JPMORGAN CHASE FINANCIAL
CO LLC 4/22/2024 5.581% 4/22/2030 46647PEG 7 2,750,000.00 A 4/28/2025 2,835,552.50 4.87% 2 ,838,715.00 3,162.50 WALMART INC. 4/28/2025 4.350% 4/28/2030 931142FN8 6,000,000.00 AA 5/ 2/2025 6,053,940.00 4.15% 6,021,960.00 -31,980.00 WALMART INC. 4/28/2025 4.350% 4/28/2030 931142FN8 3,220,000.00 AA 4/28/2025 3,214,429.40 4.39% 3,231, 785.20 17,355.80 Corporate Note Subtotal 224,339,000.00 223,171,796.22 224,569,897.11 1,398,100.89

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 ,861,158.60 6,391.22

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% 1,939, 899.50 15,385.75 BOFA AUTO TRUST 2024-1 7/31/2023 5.530% 2/15/2028 06428AAC 2 2,613,004.75 NR 7/31/2023 2,612,905.71 5.53% 2,629,937.02 17,031.31

HONDA AUTO RECEIVABLES
OWNER TRUST 2024 8/22/2023 5.410% 2/18/2028 43815QAC1 4,499,625.05 AAA 8/22/2023 4,498,697.23 5.42% 4,527,297.74 28,600.51

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 ,512,735.70 8,076.13 6/10/2025 4:24 PM 4 of 6
Attachment A
City of Santa Clara Monthly Report
5/31/2025
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 USAA AUTO OWNER TRUST 2024-
A 9/15/2023 5.580% 5/15/2028 90291VAC 4 5,040,569.82 AAA 9/15/2023 5,039,687.73 5.58% 5,067,083.22 27,395.49 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 5.74% 6,658,575.80 63,695.17 FIFTH THIRD AUTO TRUST 8/23/2023 5.530% 8/15/2028 31680EAD 3 5,171,087.64 AAA 8/23/2023 5,170,767.03 5.53% 5,207,492.10 36,725.07

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 ,744,026.75 19,212.70

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 ,235,402.00 65,677.80 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 ,104,422.35 61,098.02

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 ,559,196.20 29,528.89 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% 3,073,440.30 28,849.24

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% 818,830.50 3,994.40 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% 7,643,177.10 39,335.34

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 ,091,829.00 26,968.43

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 ,933,586.70 28,821.47

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% 6,569,474.40 443.47

TOYOTA AUTO RECEIVABLES
OWNER TRUST COM 4/30/2025 4.340% 11/15/2029 89231HAD 8 4,385,000.00 AAA 4/30/2025 4,384,748.74 4.34% 4,397,014.90 12,266.16

GM FINANCIAL SECURITIZED
TERM AUTO RECE 5/14/2025 4.280% 4/16/2030 362549AD9 1,965,000.00 AAA 5/14/2025 1,964,710.75 4.28% 1,967,475.90 2,765.15 Asset-Backed Security Subtotal 81,029,287.27 81,019,794.06 81,542,055.78 522,261.72 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% 7,591,350.00 91,350.00 Certificate of Deposit Subtotal 7,500,000.00 7,500,000.00 7,591,350.00 91,350.00

PRINCIPAL PUBLIC DEPOSIT
SWEEP PROGRAM 2.250% 6/1/2025 992995944 76,088.55 9/1/2020 76,088.55

76,088.55
-

LOCAL AGENCY INVESTMENT
FUND 4.281% 6/1/2025 6,210,978.95 9/30/1997 6,210,978.95 6,210,978.95 -

CALIFORNIA ASSET
MANAGEMENT PROGRAM 4.450% 6/1/2025 187,396,896.50 10/4/2022 187,396,896.50 187,396,896.50 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.190% 7/3/2025 10,000,000.00 4/7/2025 10,000,000.00 10,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.310% 7/28/2025 10,000,000.00 4/30/2025 10,000,000.00 10,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.190% 8/4/2025 20,000,000.00 4/7/2025 20,000,000.00 20,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.310% 8/27/2025 10,000,000.00 4/30/2025 10,000,000.00 10,000,000.00 - 6/10/2025 4:24 PM 5 of 6
Attachment A
City of Santa Clara Monthly Report
5/31/2025
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

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.310% 9/26/2025 10,000,000.00 4/30/2025 10,000,000.00 10,000,000.00 -

DREYFUS TREASUR
Y 4.160% 6/1/2025 2,449,430.43 10/31/1997 2,449,430.43 2,449,430.43 - Cash Equivalent Subtotal 256,133,394.43 256,133,394.43 256,133,394.43 - Grand Total Count 179 1,417,198,650.18 1,418,773,428.34 1,422,602,960.98 3,829,532.64 *NR = Not Rated by S&P Global. These Asset Backed Securities are rated by Moody's Ratings as Aaa. 6/10/2025 4:24 PM 6 of 6
Attachment A
PAGE 21

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

STATEMENT OF TRANSACTIONS

REALIZED

CASH EQUIVALENTS
05/01/25 INTEREST RECEIVED 2,690.58

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
INTEREST FROM 04.01.25 TO 04.30.25
05/22/25 3,720,000 PURCHASED 3,716,983.70- 3,716,983.70 U.S. TREASURY BILLS 5/29/25
CUSIP 912797NN3
AT $99.9189 ON TRADE DATE 05/21/2025
TO SETTLE ON 05/22/2025
BARCLAYS CAPITAL INC. FIXED IN
05/29/25 3,720,000- MATURED 3,716,983.70 3,716,983.70-
U.S. TREASURY BILLS 5/29/25
CUSIP 912797NN3
AT $100.0000 ON TRADE DATE 05/29/2025
05/29/25 INTEREST RECEIVED 3,016.30
U.S. TREASURY BILLS 5/29/25
CUSIP 912797NN3
INTEREST ON 3,720,000.000 UNITS
3,720,000 PAR VALUE AT 100 %
05/31/25 1,720,351.68 CASH SWEEP PURCHASES FOR STMT PERIOD 1,720,351.68- 1,720,351.68

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
9 TRANSACTIONS
05/31/25 2,652,390.15- CASH SWEEP SALES FOR STMT PERIOD 2,652,390.15 2,652,390.15-

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
4 TRANSACTIONS
Attachment B
PAGE 22

STATEMENT OF TRANSACTIONS

REALIZED

BONDS & NOTES
05/15/25 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 5/15/25
05/15/25 INTEREST RECEIVED 12,910.64
BANK OF AMERICA ABS 5.530% 2/15/28
CUSIP 06428AAC2
$0.00414/PV ON 2,801,584.93 PV
DUE 5/15/25
05/15/25 188,580.18- PAID DOWN 188,580.18 188,573.03- 7.15 BANK OF AMERICA ABS 5.530% 2/15/28
CUSIP 06428AAC2
AT $186.2658 ON TRADE DATE 05/15/2025
05/15/25 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 5/15/25
05/15/25 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 5/15/25
05/13/25 INTEREST RECEIVED 21,468.75
BRISTOL-MYERS SQUIBB 0.750% 11/13/25
CUSIP 110122DN5
INTEREST ON 5,725,000.000 UNITS
Attachment B
PAGE 23

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 05/15/25 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 5/15/25
05/15/25 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 5/15/25
05/27/25 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 5/25/25
05/27/25 INTEREST RECEIVED 14,439.10
FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
$0.00270/PV ON 5,176,849.64 PV
DUE 5/25/25
05/27/25 11,108.69- PAID DOWN 11,108.69 10,766.75- 341.94 FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
TO SETTLE ON 05/27/2025
05/27/25 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 5/25/25
Attachment B
PAGE 24

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 05/27/25 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 5/25/25
05/27/25 INTEREST RECEIVED 22,002.34
FHLMC K537 CMO V-M 4.430% 2/25/30
CUSIP 3137HKPF5
$0.00369/PV ON 5,960,000.00 PV
DUE 5/25/25
05/27/25 INTEREST RECEIVED 39,443.72
FHLMC K538 CMO V-M 4.478% 1/25/30
CUSIP 3137HKQC1
$0.00373/PV ON 10,570,000.00 PV
DUE 5/25/25
05/27/25 INTEREST RECEIVED 14,736.75
FHLMC K539 CMO V-M 4.410% 1/25/30
CUSIP 3137HKXJ8
$0.00368/PV ON 4,010,000.00 PV
DUE 5/25/25
05/29/25 4,285,000 PURCHASED 4,284,880.02- 4,284,880.02 FHLMC K540 CMO V-M 4.513% 2/25/30
CUSIP 3137HLJA1
AT $99.9972 ON TRADE DATE 05/21/2025
TO SETTLE ON 05/29/2025
MORGAN STANLEY & CO.
05/29/25 ACCRUED INTEREST ON PURCHASE 15,040.83-
FHLMC K540 CMO V-M 4.513% 2/25/30
CUSIP 3137HLJA1
Attachment B
PAGE 25

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 05/27/25 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 5/25/25
05/27/25 INTEREST RECEIVED 23,988.06
FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
$0.00393/PV ON 6,025,889.55 PV
DUE 5/25/25
05/27/25 6,091.91- PAID DOWN 6,091.91 6,091.76- 0.15
FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
TO SETTLE ON 05/27/2025
05/27/25 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 5/25/25
05/15/25 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 5/15/25
05/15/25 98,912.36- PAID DOWN 98,912.36 98,906.23- 6.13 FIFTH THIRD AUT ABS 5.530% 8/15/28
CUSIP 31680EAD3
AT $355.1229 ON TRADE DATE 05/15/2025
05/27/25 INTEREST RECEIVED 54,420.82
FNMA SER M6 CMO V-M 4.182% 7/25/28
CUSIP 3136BQDE6
$0.00348/PV ON 15,617,523.10 PV
DUE 5/25/25
Attachment B
PAGE 26

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 05/27/25 93.2- PAID DOWN 93.20 90.54- 2.66
FNMA SER M6 CMO V-M 4.182% 7/25/28
CUSIP 3136BQDE6
TO SETTLE ON 05/27/2025
05/14/25 1,965,000 PURCHASED 1,964,710.75- 1,964,710.75 GM FINANCIAL ABS 4.280% 4/16/30
CUSIP 362549AD9
AT $99.9853 ON TRADE DATE 05/06/2025
TO SETTLE ON 05/14/2025

TORONTO DOMINION SECURITIES (U
05/16/25 INTEREST RECEIVED 3,293.96
GM FINANCIAL ABS 4.850% 12/18/28
CUSIP 36268GAD7
$0.00404/PV ON 815,000.00 PV
DUE 5/16/25
05/22/25 8,750,000 PURCHASED 8,805,037.50- 8,805,037.50 GOLDMAN SACHS BK 5.414% 5/21/27
CUSIP 38151LAG5
AT $100.6290 ON TRADE DATE 05/21/2025
TO SETTLE ON 05/22/2025

GOLDMAN SACHS
05/22/25 ACCRUED INTEREST ON PURCHASE 1,315.90-
GOLDMAN SACHS BK 5.414% 5/21/27
CUSIP 38151LAG5
05/19/25 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 5/18/25
Attachment B
PAGE 27

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 05/19/25 325,374.95- PAID DOWN 325,374.95 325,307.86- 67.09 HONDA AUTO ABS 5.410% 2/18/28
CUSIP 43815QAC1
TO SETTLE ON 05/19/2025
05/20/25 0.02 SHARE ADJUSTMENT
HONDA AUTO RECEIVABL 0.880% 1/21/26
CUSIP 43815GAC3
05/21/25 INTEREST RECEIVED 20.63
HONDA AUTO RECEIVABL 0.880% 1/21/26
CUSIP 43815GAC3
$0.00001/PV ON 28,130.48 PV
DUE 5/21/25
05/21/25 28,130.48- PAID DOWN 28,130.48 28,124.53- 5.95 HONDA AUTO RECEIVABL 0.880% 1/21/26
CUSIP 43815GAC3
05/15/25 INTEREST RECEIVED 23,652.00
HYUNDAI AUTO ABS 4.320% 10/15/29
CUSIP 44935CAD3
$0.00360/PV ON 6,570,000.00 PV
DUE 5/15/25
05/15/25 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 5/15/25
05/15/25 INTEREST RECEIVED 15,819.63
KUBOTA CREDIT ABS 4.670% 6/15/29
CUSIP 50117FAC5
$0.00389/PV ON 4,065,000.00 PV
DUE 5/15/25
Attachment B
PAGE 28

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 05/15/25 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 5/15/25
05/27/25 INTEREST RECEIVED 254,560.00
MORGAN STAN BK V-D 5.504% 5/26/28
CUSIP 61690U8B9
INTEREST ON 9,250,000.000 UNITS
05/20/25 INTEREST RECEIVED 150,000.00
NOVARTIS CAPITAL COR 3.000% 11/20/25
CUSIP 66989HAJ7
INTEREST ON 10,000,000.000 UNITS
05/20/25 INTEREST RECEIVED 100,912.50
QUALCOMM INC 3.450% 5/20/25
CUSIP 747525AF0
INTEREST ON 5,850,000.000 UNITS
05/20/25 5,850,000- MATURED 5,850,000.00 5,860,588.50- 10,588.50- QUALCOMM INC 3.450% 5/20/25
CUSIP 747525AF0
AT $100.0000 ON TRADE DATE 05/20/2025
05/15/25 INTEREST RECEIVED 7,929.54
TOYOTA AUTO REC ABS 4.340% 11/15/29
CUSIP 89231HAD8
$0.00181/PV ON 4,385,000.00 PV
DUE 5/15/25
05/15/25 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 5/15/25
Attachment B
PAGE 29

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 05/15/25 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 5/15/25
05/14/25 1,450,000- SOLD 1,412,333.99 1,395,228.52- 17,105.47 U.S. TREASURY NOTES 2.750% 7/31/27
CUSIP 91282CFB2
AT $97.4023 ON TRADE DATE 05/12/2025
TO SETTLE ON 05/14/2025
NOMURA SECURITIES INTL. INC.
05/14/25 ACCRUED INTEREST ON SALE 11,345.65
U.S. TREASURY NOTES 2.750% 7/31/27
CUSIP 91282CFB2
05/15/25 2,000,000 PURCHASED 1,978,984.38- 1,978,984.38 U.S. TREASURY NOTES 3.875% 4/30/30
CUSIP 91282CMZ1
AT $98.9492 ON TRADE DATE 05/14/2025
TO SETTLE ON 05/15/2025
NOMURA SECURITIES INTL. INC.
05/15/25 ACCRUED INTEREST ON PURCHASE 3,158.97-
U.S. TREASURY NOTES 3.875% 4/30/30
CUSIP 91282CMZ1
05/20/25 7,250,000 PURCHASED 7,178,916.02- 7,178,916.02 U.S. TREASURY NOTES 3.875% 4/30/30
CUSIP 91282CMZ1
AT $99.0195 ON TRADE DATE 05/19/2025
TO SETTLE ON 05/20/2025
J.P. MORGAN SECURITIES INC., -
Attachment B
PAGE 30

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 05/20/25 ACCRUED INTEREST ON PURCHASE 15,268.34-
U.S. TREASURY NOTES 3.875% 4/30/30
CUSIP 91282CMZ1
05/22/25 3,750,000- SOLD 3,710,156.25 3,712,662.32- 2,506.07- U.S. TREASURY NOTES 3.875% 4/30/30
CUSIP 91282CMZ1
AT $98.9375 ON TRADE DATE 05/21/2025
TO SETTLE ON 05/22/2025

BNP PARIBAS SECURITIES CORP/BO
05/22/25 ACCRUED INTEREST ON SALE 8,687.16
U.S. TREASURY NOTES 3.875% 4/30/30
CUSIP 91282CMZ1
05/02/25 5,520,000- SOLD 5,573,475.00 5,513,315.61- 60,159.39 U.S. TREASURY NOTES 4.000% 3/31/30
CUSIP 91282CMU2
AT $100.9688 ON TRADE DATE 05/01/2025
TO SETTLE ON 05/02/2025

BNP PARIBAS SECURITIES CORP/BO
05/02/25 ACCRUED INTEREST ON SALE 19,304.92
U.S. TREASURY NOTES 4.000% 3/31/30
CUSIP 91282CMU2
05/15/25 INTEREST RECEIVED 393,300.00
U.S. TREASURY NOTES 4.500% 5/15/27
CUSIP 91282CKR1
INTEREST ON 17,480,000.000 UNITS
05/15/25 INTEREST RECEIVED 882,796.88
U.S. TREASURY NOTES 4.625% 11/15/26
CUSIP 91282CJK8
INTEREST ON 38,175,000.000 UNITS
Attachment B
PAGE 31

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 05/22/25 8,740,000- SOLD 8,794,966.41 8,805,550.00- 10,583.59- U.S. TREASURY NOTES 4.875% 4/30/26
CUSIP 91282CKK6
AT $100.6289 ON TRADE DATE 05/21/2025
TO SETTLE ON 05/22/2025
BICWFSLUS33 WELLS FARGO SECURI
05/22/25 ACCRUED INTEREST ON SALE 25,471.88
U.S. TREASURY NOTES 4.875% 4/30/26
CUSIP 91282CKK6
05/15/25 INTEREST RECEIVED 292,950.00
US TREASURY BOND 5.250% 11/15/28
CUSIP 912810FF0
INTEREST ON 11,160,000.000 UNITS
05/15/25 INTEREST RECEIVED 94,937.50
US TREASURY BOND 6.125% 11/15/27
CUSIP 912810FB9
INTEREST ON 3,100,000.000 UNITS
05/15/25 INTEREST RECEIVED 64,125.00
US TREASURY NOTE 2.375% 5/15/27
CUSIP 912828X88
INTEREST ON 5,400,000.000 UNITS
05/15/25 INTEREST RECEIVED 25,375.58
USAA AUTO OWNER ABS 5.580% 5/15/28
CUSIP 90291VAC4
$0.00421/PV ON 5,457,115.29 PV
DUE 5/15/25
05/15/25 416,545.47- PAID DOWN 416,545.47 416,472.57- 72.90 USAA AUTO OWNER ABS 5.580% 5/15/28
CUSIP 90291VAC4
AT $84.3270 ON TRADE DATE 05/15/2025
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 ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 05/20/25 INTEREST RECEIVED 25,893.75
VOLKSWAGEN AUTO ABS 4.500% 8/20/29
CUSIP 92868MAD1
$0.00375/PV ON 6,905,000.00 PV
DUE 5/20/25
05/27/25 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 5/25/25
05/02/25 6,000,000 PURCHASED 6,053,940.00- 6,053,940.00 WALMART INC 4.350% 4/28/30
CUSIP 931142FN8
AT $100.8990 ON TRADE DATE 05/01/2025
TO SETTLE ON 05/02/2025
RBC DAIN RAUSCHER INC.
05/02/25 ACCRUED INTEREST ON PURCHASE 2,900.00-
WALMART INC 4.350% 4/28/30
CUSIP 931142FN8
================================================================================================================= ENDING BALANCE 0.00 1,162,716,122.46
¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯
Attachment B

City Council and Authorities ConcurrentJuly 15, 2025

City Council and Authorities Concurrent
July 15, 2025