Monthly Investment Report - July 2025 — City Council and Authorities Concurrent, October 21, 2025

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MONTHLY INVESTMENT REPORT

July 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 July 31, 2025 were in compliance with the City's Investment Policy Stateme nt 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 July 31, 2025.

On July 31, 2025 the cost value and market value of the City's unrestricted pooled investment portfolio were $1,421,721,881 and $1,425,248,245 respectively.

Investment Strategy and Market Update
The Consumer Price Index (CPI) increased to 2.7% on a year-over-year basis. Goods inflation, particularly in import-reliant subcategories such as household furnishings and recreation, are beginning to show evidence of upward price pressures. The full effect of tariffs have not been felt but are expected to materialize over the coming months.

The first read of the second quarter GDP showed strong headline growth at 3.0%, mainly due to a sharp reversal in the trade which dragged down Q1 GDP. The headline figure masked underlying softness in demand and consumer spending.

The July jobs report surprised to the downside with 73,000 new jobs created, and the unemployment rate rose to 4.2%. While the July jobs report was weaker than expected, the prior two months garnered greater attention with downside revisions of 258,000less jobs in May and June versus previously reported figures. Following the report, the 2-yr Treasury was down 22 bps, and futures priced in an 83% chance for a 25-bp cut in September.

Yields on 3-month, 2-year, and 10-year U.S. Treasuries ended July at 4.34%, 3.96%, and 4.37%, representing increases of +4bps, +24 bps, and +14 bps, respectively. The steepness of the yield curve as measured by the yield difference between 2- and10-year maturities has now remained near 50 bps for three straight months despite interest rate volatility.

Fixed income indices produced mixed returns for the month, as the short end of the curve outperformed longer tenors. The ICE BofA 3-month, 2-year, and 10-year U.S. Treasury indices returned+0.35%, -0.13%, and -0.67%, respectively.

COST VALUE PERCENTAGE
City $1,420,605,567 99.92%
SOSA 16,439 0.00%
HA 1,099,875 0.08% Unrestricted $1,421,721,881 100.00%
Restricted Bond Proceeds 2,466,517 Total Investments $1,424,188,398
2 The City's investment strategy for July 2025 was to invest funds not required to meet current obligations, in securities listed in the prevailing Investment Policy Statement, with maturities not to exceed five years from date of purchase. This strategy ensures safety of the City’s funds, provides liquidity to meet the City’s cash needs, and earns a reasonable portfolio return. PFM Asset Management LLC began actively managing the City’s securities portfolio on September 1, 2020.

As of July 31, 2025, 47.88% of the City’s portfolio consists of U.S. Treasury Notes, 17.28% consists of investment grade Corporate Notes, 17.09% consists of California Asset Management Program (CAMP), 8.16% consists of investment grade Asset-Back Securities, 7.99% consists of investment grade Mortgage-Backed Securities, 0.53% consists of Negotiable Certificates of Deposit,

0.44% consists of Local Agency Investment Fund (LAIF), and 0.35% consists 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

47.88%Federal Agency Notes

0.35%
Corporate Notes

17.28%
Asset‐Backed Securities

8.16%
Negotiable Certificates of Deposit

0.53%
Mortgage‐Backed Securities

7.99%
Money Market Fund

0.11%
Local Agency Investment Fund
(LAIF)

0.44%
California Asset Management
Program (CAMP)

17.09%
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.

4.16%

4.29%

4.43%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%
Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Jul- 23 Oct-23 Jan-24 Apr-24 Jul-24 Oct-24 Jan-25 Apr-25 Jul-25 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
7/31/2025
Investment Yield
Liquidity Portfolio1 4.36%
LAIF average monthly yield 4.26%

Securities Portfolio2 4.16%
ICE BAML 1‐5 US Treasury Index (24‐month rolling average market yield) 4.29% ICE BAML 1‐5 AAA‐A US Corporate & Government Index (24‐month rolling average market yield) 4.43%

City Portfolio (Liquidity + Securities) 4.19%

Investment Total Return*
Securities Portfolio -0.09%
ICE BAML 1‐5 US Treasury Index -0.15%
ICE BAML 1‐5 AAA‐A US Corporate & Government Index -0.09%

Average Maturity of Investments (in years)
Liquidity Portfolio1 0.09
Securities Portfolio2 2.94
City Portfolio (Liquidity + Securities) 2.43
ICE BAML 1‐5 US Treasury Index 2.71
ICE BAML 1‐5 AAA‐A US Corporate & Government Index 2.76

Cash Interest Income Current Month3 $ 3,774,523
Cash Interest Income Fiscal Year‐To‐Date3 $ 3,774,523

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 CIT

Y OF SANTA CLARA
SUMMARY OF INVESTMENTS JULY 31, 2025
PER
COST % OF INVESTMENT

INVESTMENT TYPE VALUE PORT FOLIO POLICY
U.S. T
reasury Notes 681,883,810 47.88% No Limit
Federal Agency Notes 4,998,000 0.35% 80% Corporate Notes 245,959,824 17.28% 25%
Asset-Backed Securities 116,252,930 8.16% 10% Negotiable Certificates of Deposit 7,500,000 0.53% 30% Mortgage-Backed Securities 113,828,579 7.99% 15% Money Market Fund 1,634,673 0.11% 10% Per Fund Local Agency Investment Fund (LAIF) 6,279,027 0.44% $75 M California Asset Management Program (CAMP) 243,385,038 17.09% No Limit Mutual Fund - Traffic Mitigation Bond Proceeds 2,466,517 0.17% 10% Per Fund TOTAL INVESTMENTS $ 1,424,188,398 100.00%
6 INVESTMENT MATURITY DISTRIBUTION
AS OF JULY 31, 2025

UNRESTRICTED POOLED PORTFOLIO

MATURITY NUMBER OF
(IN MONTHS) COST VALUE INVESTMENTS DISTRIBUTION
DEMAND (a) $ 191,298,737 (a) 3 13.46%
0 TO 6 92,349,233 10 6.50%
7 TO 12 12,408,600 2 0.87%
13 TO 18 101,194,674 13 7.12%
19 TO 24 161,278,959 19 11.34%
25 TO 30 151,421,870 17 10.65%
31 TO 36 149,190,160 29 10.49%
37 TO 42 148,324,964 25 10.43%
43 TO 48 152,319,841 21 10.71%
49 TO 54 118,897,829 23 8.37%
55 TO 60 143,037,014 22 10.06%
TOTAL $ 1,421,721,881 184 100.00%
Average Maturity of Unrestricted Pool: 2.43 Years
(a) $20 million is earmarked for the City's Electric Utility power-trading. 0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
22%
24%

INVESTMENT MATURITY DISTRIBUTION

UNRESTRICTED POOLED PORTFOLIO
AS OF JULY 31, 2025
City of Santa Clara Monthly Report
7/31/2025
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 9/15/2023 4.625% 9/15/2026 91282CHY0 2,515,000.00 AA+ 11/21/ 2024 2,517,722.77 4.32% 2,527,977.40 10,254.63 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% 10,032,655.50 12,845.93 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% 24,406,412.50 -7,464.45 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% 14,014,816.25 -100,564.61 UNITED STATES TREASURY 12/15/2023 4.375% 12/15/2026 91282CJP7 12,575,000.00 AA+ 6/2/ 2025 12,642,295.90 4.01% 12,626,054.50 -16,241.40 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% 11,155,106.60 16,463.63 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% 4,069,146.30 11,133.02 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% 2,402,448.00 8,166.75 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% 12,221,720.85 41,512.26 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% 22,106,539.00 56,497.98 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% 5,251,500.00 2,953.12 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% 15,413,700.00 40,587.50 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% 2,219,250.00 -38,242.19 UNITED STATES TREASURY 6/17/2024 4.625% 6/15/2027 91282CKV2 27,665,000.00 AA+ 9/27/2024 28, 426,868.16 3.55% 27, 990,340.40 -436,527.76 UNITED STATES TREASURY 6/17/2024 4.625% 6/15/2027 91282CKV2 10,000,000.00 AA+ 10/16/2024 10, 188,671.88 3.87% 10,117,600.00 -71,071.88 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% 5,079,035.20 -23,912.46 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% 9,136,352.50 139,534.14 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% 9,852,927.00 -60,125.34 UNITED STATES TREASURY 8/15/2017 2.250% 8/15/2027 9128282R0 4,540,000.00 AA+ 9/6/2022 4,304,310.16 3.40% 4,390,679.40 86,369.24 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% 7,526,928.70 -19,599.43 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% 3,801,124.10 40,815.31 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU 0 42,865,000.00 AA+ 3/6/2025 43,036,439.69 4.02% 43,047,604.90 11,165.21 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, 183,649.90 -258,686.04 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% 19,040,769.60 -47,358.53 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU 0 4,255,000.00 AA+ 12/13/2022 4,309,517.19 3.83% 4,273,126.30 -36,390.89 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% 4,770,235.00 -63,075.55 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 ,256,085.00 -31,973.59 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% 7,123,583.00 -59,334.97 UNITED STATES TREASURY 1/3/2023 3.875% 12/31/2027 91282CGC9 7,325,000.00 AA+ 2/8/ 2023 7,335,270.52 3.85% 7,320,165.50 -15,105.02 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% 4,846,799.00 -59,279.13 UNITED STATES TREASURY 1/3/2023 3.875% 12/31/2027 91282CGC9 5,475,000.00 AA+ 1/31/ 2023 5,518,415.04 3.70% 5,471,386.50 -47,028.54 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% 7,170,264.50 -76,765.77 UNITED STATES TREASURY 1/31/2023 3.500% 1/31/ 2028 91282CGH8 855,000.00 AA+ 5/ 16/2023 855,400.78 3.49 % 846,954.45 -8,446.33 UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 8,080,000.00 AA+ 1/26/ 2024 8,002,541.98 4.05% 8,100,523.20 97,981.22 UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 2,450,000.00 AA+ 3/7/ 2023 2,422,820.31 4.25% 2,456,223.00 33,402.69 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 ,228,246.10 -2,439.64 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% 7,378,694.40 -153,805.60 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% 2,662,312.00 -28,929.91 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% 5,023,082.75 -19,405.53 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% 11,652,033.55 -43,544.18 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% 10,043,486.95 41,095.35 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% 8,226,425.05 77,350.83 UNITED STATES TREASURY 6/30/2023 4.000% 6/30/2028 91282CHK0 6 ,025,000.00 AA+ 7/10/ 2023 5,934,570.68 4.36% 6,044,521.00 109,950.32 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 ,983,462.00 61,499.11 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 ,050,127.80 -4,009.70 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 ,759,064.45 16,338.28 8/12/2025 3:09 PM 1 of 6
Attachment A
City of Santa Clara Monthly Report
7/31/2025
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 10/31/2023 4.875% 10/31/2028 91282CJF9 5,900,000.00 AA+ 1/4/ 2024 6,140,839.84 3.94% 6 ,073,991.00 -66,848.84 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 ,312,168.40 -43,548.79 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, 615,997.60 -353,102.40 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 ,142,245.25 -8,458.85 UNITED STATES TREASURY 1/2/2024 3.750% 12/31/2028 91282CJR 3 14,950,000.00 AA+ 1/19/2024 14,770,132.81 4.02% 14,877,044.00 106,911.19 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% 6,419,008.00 51,258.00 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% 4,749,062.95 -65,285.29 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% 5,044,939.10 76,831.68 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 ,013,292.40 -27,207.60 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% 4,424,918.75 -73,128.13 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% 2,882,518.50 14,594.67 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% 10,122,661.50 183,761.11 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% 16,827,905.25 415,737.28 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% 5,762,981.25 -46,589.06 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% 5,051,524.50 57,631.92 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX 8 24,360,000.00 AA+ 9/5/2024 25, 072,406.07 3.58% 24, 649,396.80 -423,009.27 UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX 8 1,100,000.00 AA+ 8/15/2024 1,128,316.41 3.67% 1,113,068.00 -15,248.41 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% 17,156,425.40 297,459.58 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% 7,680,169.20 141,757.48 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 ,602,671.75 -216,565.55 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% 10,333,375.50 -95,720.20 UNITED STATES TREASURY 9/3/2024 3.625% 8/31/2029 91282CLK5 12,700,000.00 AA+ 9/5/ 2024 12,736,214.84 3.56% 12,557,633.00 -178,581.84 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 ,849,037.30 -15,118.95 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 ,483,960.25 2,167.28 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 ,100,328.95 -1,427.50 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 ,198,558.50 26,162.99 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 ,148,458.80 16,919.74 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% 13,199,298.00 75,758.94 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 ,720,466.00 47,993.34 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 ,239,416.00 61,150.37 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% 5,164,158.00 82,957.15 UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG3 10,000.00 AA+ 1/31/2025 9,970.70 4.32% 10,125.80 155.10 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% 1,129,026.70 13,765.37 UNITED STATES TREASURY 2/28/2023 4.000% 2/28/2030 91282CGQ8 6,085,000.00 AA+ 3/6/2025 6,054,099.61 4.11% 6,101,429.50 47,329.89 UNITED STATES TREASURY 5/31/2023 3.750% 5/31/2030 91282CHF1 3,945,000.00 AA+ 6/5/ 2025 3,900,310.55 4.00% 3 ,909,258.30 8,947.75 U.S. Treasury Bond / Note Subtotal 677,195,000.00 681,883,810.51 681,187,160.30 -696,650.21 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 % 4,998,350.00 350.00 FHLMC Medium Term Note Subtotal 5,000,000.00 4,998,000.00 4,998,350.00 350.00 8/12/2025 3:09 PM 2 of 6
Attachment A
City of Santa Clara Monthly Report
7/31/2025
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 FANNIE MAE-ACES 7/1/2023 4.182% 7/1/2028 3136BQDE6 8,356,560.55 AA+ 11/30/ 2023 8,032,417.05 5.14% 8 ,309,930.93 277,513.88 FANNIE MAE-ACES 7/1/2023 4.182% 7/1/2028 3136BQDE6 7,258,269.71 AA+ 7/31/ 2023 7,135,219.36 4.58% 7 ,217,768.58 82,549.22

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 1/1/2017 3.347% 11/1/2026 3137BTU M1 5,144,036.58 AA+ 5/24/2023 4,985,696.73 4.29% 5,061,731.99 76,035.26

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 ,862,800.00 316,550.00

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 ,463,144.55 177,884.20

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 ,389,410.50 287,515.97

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 ,588,875.00 13,965.00

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2023 4.777% 6/1/2028 3137HAD 45 6,007,579.90 AA+ 7/27/2023 6,007,429.73 4.78% 6,027,585.14 20,155.41

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% 5,813,250.00 189,382.00

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% 9,192,164.80 115,632.60

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% 10,631,200.30 -11,848.97

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% 4,017,619.00 7,759.35

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% 5,975,913.20 15,978.76

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 ,310,667.15 25,787.13

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 6/1/2025 4.348% 2/1/2030 3137HLXV9 11,370,000.00 AA+ 6/12/ 2025 11,369,590.68 4.35% 11,367,839.70 -1,750.98

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2025 4.329% 6/1/2030 3137HMC 65 11,192,000.00 AA+ 7/17/2025 11, 191,787.35 4.33% 11,177,226.56 -14,560.79 Federal Agency Commercial
Mortgage-Backed Security Subtotal 115,492,446.74 113,828, 579.36 115,407,127.40 1,578,548.04 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% 1,669,253.25 36,689.40 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% 1,368,073.00 30,310.80 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% 5,611,825.80 257,439.00 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% 6,619,378.40 -53,585.70 ASTRAZENECA FINANCE LLC 2/26/2024 4.850% 2/26/2029 04636NAL 7 8,500,000.00 A+ 6/27/2025 8,689,040.00 4.19% 8,652,830.00 -36,210.00 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, 835,210.00 -190,710.00 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% 8,084, 400.00 -9,200.00 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% 4,079,017.80 -7,038.00 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% 4,079,017.80 -6,334.20 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% 2,972,567.64 61,345.52 BLACKROCK INC 3/14/2024 4.700% 3/14/2029 09290DAA9 350,000.00 AA- 3/14/2024 349,366.50 4.74% 355,813.50 6,447.00 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% 4,042,200.00 43,840.00 BOFA SECURITIES INC. 4/22/2021 1.734% 7/22/2027 06051GJS 9 1,420,000.00 A- 8/10/2022 1,281,251.80 3.92% 1 ,380,978.40 99,726.60 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% 5,041,851.60 6,673.20 BRISTOL-MYERS SQUIBB CO 11/13/2020 0.750% 11/13/2025 110122DN5 5,725,000.00 A 6/30/2021 5,672,67 3.50 0.96% 5,666, 147.00 -6,526.50 8/12/2025 3:09 PM 3 of 6
Attachment A
City of Santa Clara Monthly Report
7/31/2025
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 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% 10,169,600.00 45,100.00 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% 6,915,328.00 -40,596.00 CITIGROUP GLOBAL MARKETS 9/29/2023 5.803% 9/29/2028 17325FBB3 11,225,000.00 A+ 9/ 29/2023 11,225,000.00 5.80% 11,691,735.50 466,735.50 ELI LILLY & COMPANY 2/12/2025 4.550% 2/12/2028 532457CU0 6,500,000.00 A+ 6/27/2025 6,578,910.00 4.06% 6,567,470.00 -11,440.00 ELI LILLY & COMPANY 8/14/2024 4.200% 8/14/2029 532457CQ9 1,555,000.00 A+ 8/14/2024 1,557,643.50 4.16% 1,554,440.20 -3,203.30 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% 444,839.80 814.35 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% 8,801, 362.50 -3,675.00 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 ,997,870.00 -16,170.00 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% 4,860,100.00 -48,500.00 JOHN DEERE CAPITAL CORP 7/14/2023 4.950% 7/14/2028 24422EXB0 2,800,000.00 A 6/25/ 2025 2,868,544.00 4.09% 2 ,862,916.00 -5,628.00 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 % 516,347.35 12,099.80 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% 618,594.35 7,719.80 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 % 4,879,585.00 145.50

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% 4 ,011,768.00 301,022.00

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 ,856,408.75 181,876.50

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% 5,088,500.00 -14,850.00

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 ,855,736.00 13,814.25

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 ,850,732.50 15,180.00 KENVUE INC 10/17/2023 5.050% 3/22/2028 49177JAF9 6,250,000.00 A 6/30/ 2025 6,397,562.50 4.12% 6 ,378,500.00 -19,062.50 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% 7,177,650.00 287,775.00 META PLATFORMS INC 8/9/2024 4.300% 8/15/2029 30303M8S4
5,370,000.00 AA- 8/14/ 2024 5,385,895.20 4.23% 5 ,393,520.60 7,625.40 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 ,214,340.55 96,459.00 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 ,201,326.95 56,326.95 NATIONAL SECS CLEARING 5/20/2025 4.700% 5/20/2030 637639AQ8 10,000,000.00 AA+ 6/27/2025 10,167,800.00 4.32% 10,118,300.00 -49,500.00 NATIONAL SECS CLEARING 5/20/2025 4.700% 5/20/2030 637639AQ8 6,825,000.00 AA+ 6/ 27/2025 6,937,134.75 4.32% 6 ,905,739.75 -31,395.00

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% 9,955,200.00 316,600.00 PACCAR FINANCIAL CORP 1/31/2024 4.600% 1/31/2029 69371RS8 0 7,000,000.00 A+ 7/30/2024 6,996,080.00 4.61% 7 ,074,900.00 78,820.00 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% 4,427, 128.80 53,917.80 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% 2,413,986.40 37,984.80 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% 9,341,270.40 89,905.20 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, 450,762.95 -117,126.55 TARGET CORP 1/24/2022 1.950% 1/15/ 2027 87612EBM7 990,000.00 A 1/24/ 2022 988,317.00 1.99% 958,923.90 -29,393.10 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 ,760,272.00 170,016.00 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% 6,025,320.00 -28,620.00 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% 3,233, 588.40 19,159.00 Corporate Note Subtotal 246,844,000.00 245,959,824.32 248,032,628.84 2,072,804.52

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 ,229,355.40 59,631.20

AMERICAN EXPRESS CREDIT
ACCOUNT MASTER 7/22/2025 4.300% 7/15/2030 02582JKV1 6,515,000.00 AAA 7/22/2025 6,514,061.19 4.30% 6 ,541,255.45 27,194.26 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% 3,070,151.70 25,560.64 8/12/2025 3:09 PM 4 of 6
Attachment A
City of Santa Clara Monthly Report
7/31/2025
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 BA CREDIT CARD TRUST 6/12/2025 4.310% 5/15/2030 05522RDK1 5,250,000.00 AAA 6/12/ 2025 5,249,980.05 4.31% 5 ,269,267.50 19,287.45 BOFA AUTO TRUST 2024-1 7/31/2023 5.530% 2/15/2028 06428AAC 2 2,256,257.42 NR 7/31/2023 2,256,171.90 5.53% 2,269,388.84 13,216.94 BOFA AUTO TRUST 2024-1 11/21/2023 5.740% 6/15/2028 06054YAC 1 6,242,485.58 NR 11/21/2023 6,242,372.59 5.74% 6,294,672.76 52,300.17

CHASE AUTO OWNER TRUST
2024-5A 7/30/2025 4.290% 6/25/2030 16145NAC5 3,255,000.00 NR 7/30/2025 3, 254,681.99 4.29% 3,255,000.00 318.01 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 ,100,190.85 56,866.52 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% 7,640,591.40 36,749.64 CHASE ISSUANCE TRUST 7/25/2025 4.160% 7/15/2030 161571HZ0 9,190,000.00 AAA 7/25/2025 9,189,815.28 4.16% 9,179,063.90 -10,751.38

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 ,859,285.05 4,517.67

CITIBANK CREDIT CARD
ISSUANCE TRUST 6/26/2025 4.300% 6/21/2030 17305EHA6 11,485,000.00 AAA 6/26/ 2025 11,481,884.12 4.31% 11,493,154.35 11,270.23 FIFTH THIRD AUTO TRUST 8/23/2023 5.530% 8/15/2028 31680EAD 3 4,546,431.37 AAA 8/23/2023 4,546,149.49 5.53% 4,578,392.78 32,243.29

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% 818,260.00 3,423.90

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% 1,966,120.05 1,409.30

HONDA AUTO RECEIVABLES
OWNER TRUST 2024 8/22/2023 5.410% 2/18/ 2028 43815QAC1 665,192.01 AAA 8/22/2023 665,05 4.85 5.42% 669,129.95 4,075.10

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 ,552,820.60 23,153.29

HYUNDAI AUTO RECEIVABLES
TRUST 2024-C 3/12/2025 4.320% 10/15/2029 44935CAD 3 6,570,000.00 AAA 3/12/2025 6,569,030.93 4.32% 6,579,789.30 10,758.37

HYUNDAI AUTO RECEIVABLES
TRUST 2024-C 6/11/2025 4.360% 12/17/2029 44935XAD 7 2,825,000.00 AAA 6/11/2025 2,824,744.90 4.36% 2,831,751.75 7,006.85

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 ,100,446.80 35,586.23

TOYOTA AUTO RECEIVABLES
OWNER TRUST COM 8/15/2023 5.160% 4/17/2028 89231FAD2 1,373,200.32 AAA 8/15/ 2023 1,372,889.70 5.17% 1 ,379,530.77 6,641.07

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 ,743,888.75 19,074.70

TOYOTA AUTO RECEIVABLES
O
WNER 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% 4,395,787.10 11,038.36

TOYOTA AUTO RECEIVABLES
OWNER TRUST COM 7/30/2025 4.110% 3/15/2030 89238VAD 0 4,705,000.00 AAA 7/30/2025 4,704,504.09 4.11% 4,694,272.60 -10,231.49 USAA AUTO OWNER TRUST 2024
-
A 9/15/2023 5.580% 5/15/2028 90291VAC 4 4,277,685.73 AAA 9/15/2023 4,276,937.14 5.58% 4,299,929.70 22,992.56

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 ,932,343.80 27,578.57 Asset-Backed Security Subtotal 116,266,252.43 116,252, 929.70 116,743,841.15 490,911.45 COOPERAT RABOBANK UA/NY 7/20/2023 5.080% 7/17/2026 21684LGS5 7,500,000.00 A-1 7/20/2023 7,500,000.00 5.08% 7 ,580,400.00 80,400.00 Certificate of Deposit Subtotal 7,500,000.00 7,500, 000.00 7,580,400.00 80,400.00

PRINCIPAL PUBLIC DEPOSIT
SWEEP PROGRAM 2.250% 8/1/2025 992995944 1,634,672.61 9/1/2020 1,634,672.61 1,634,672.61 -

LOCAL AGENCY INVESTMENT
FUND 4.160% 8/1/2025 6,279,026.69 9/30/1997 6,279,026.69 6,279,026.69 - 8/12/2025 3:09 PM 5 of 6
Attachment A
City of Santa Clara Monthly Report
7/31/2025
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 4.410% 8/1/2025 183,385,037.79 10/4/2022 183,385,037.79 183,385,037.79 -

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 -

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 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.310% 10/1/2025 10,000,000.00 7/3/2025 10,000,000.00 10,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.330% 10/22/2025 10,000,000.00 7/25/2025 10,000,000.00 10,000,000.00 -

DREYFUS TREASUR
Y 4.120% 8/1/2025 2,466,516.76 10/31/1997 2,466,516.76 2,466,516.76 - Cash Equivalent Subtotal 253,765,253.85 253,765,253.85 253,765,253.85 - Grand Total Count 185 1,422,062,953.02 1,424,188,397.74 1,427,714,761.54 3,526,363.80 *NR = Not Rated by S&P Global. These Asset Backed Securities are rated by Moody's Ratings as Aaa. 8/12/2025 3:09 PM 6 of 6
Attachment A
PAGE 22

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

STATEMENT OF TRANSACTIONS

REALIZED

CASH EQUIVALENTS
07/17/25 INTEREST RECEIVED 190,500.00
COOPERAT RABOBANK CD 5.080% 7/17/26
CUSIP 21684LGS5
INTEREST ON 7,500,000.000 UNITS
07/01/25 INTEREST RECEIVED 6,642.86

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
INTEREST FROM 6/1/25 TO 6/30/25
07/31/25 28,794,509.96 CASH SWEEP PURCHASES FOR STMT PERIOD 28,794,509.96- 28,794,509.96

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
12 TRANSACTIONS
07/31/25 27,687,160.33- CASH SWEEP SALES FOR STMT PERIOD 27,687,160.33 27,687,160.33-

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
3 TRANSACTIONS

BONDS & NOTES
07/22/25 6,515,000 PURCHASED 6,514,061.19- 6,514,061.19 AMERICAN EXPRES ABS 4.300% 7/15/30
CUSIP 02582JKV1
AT $99.9856 ON TRADE DATE 07/15/2025
TO SETTLE ON 07/22/2025
BARCLAYS CAPITAL INC. FIXED IN
07/15/25 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 7/15/25
Attachment B
PAGE 23

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 07/24/25 INTEREST RECEIVED 123,977.10
BANK AMERICA CO V-D 4.979% 1/24/29
CUSIP 06051GMK2
INTEREST ON 4,980,000.000 UNITS
07/15/25 INTEREST RECEIVED 20,741.87
BANK OF AMERICA ABS 4.310% 5/15/30
CUSIP 05522RDK1
$0.00395/PV ON 5,250,000.00 PV
DUE 7/15/25
07/15/25 INTEREST RECEIVED 11,191.71
BANK OF AMERICA ABS 5.530% 2/15/28
CUSIP 06428AAC2
$0.00359/PV ON 2,428,581.74 PV
DUE 7/15/25
07/15/25 172,324.32- PAID DOWN 172,324.32 172,317.79- 6.53 BANK OF AMERICA ABS 5.530% 2/15/28
CUSIP 06428AAC2
AT $66.6158 ON TRADE DATE 07/15/2025
07/15/25 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 7/15/25
07/15/25 352,514.42- PAID DOWN 352,514.42 352,508.04- 6.38 BANK OF AMERICA ABS 5.740% 6/15/28
CUSIP 06054YAC1
AT $32.5647 ON TRADE DATE 07/15/2025
07/28/25 INTEREST RECEIVED 33,750.00
BANK OF NY MELLON CO 0.750% 1/28/26
CUSIP 06406RAQ0
INTEREST ON 9,000,000.000 UNITS
Attachment B
PAGE 24

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 07/15/25 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 7/15/25
07/30/25 3,255,000 PURCHASED 3,254,681.99- 3,254,681.99 CHASE AUTO ABS 4.290% 6/25/30
CUSIP 16145NAC5
AT $99.9902 ON TRADE DATE 07/23/2025
TO SETTLE ON 07/30/2025
J.P. MORGAN SECURITIES INC., -
07/25/25 9,190,000 PURCHASED 9,189,815.28- 9,189,815.28 CHASE ISSUANCE ABS 0.000% 7/15/30
CUSIP 161571HZ0
AT $99.9980 ON TRADE DATE 07/18/2025
TO SETTLE ON 07/25/2025
J.P. MORGAN SECURITIES INC., -
07/15/25 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 7/15/25
07/15/25 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 7/15/25
07/25/25 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 7/25/25
Attachment B
PAGE 25

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 07/17/25 11,192,000 PURCHASED 11,191,787.35- 11,191,787.35 FHLMC CMO V-M 4.329% 6/25/30
CUSIP 3137HMC65
AT $99.9981 ON TRADE DATE 07/09/2025
TO SETTLE ON 07/17/2025

GOLDMAN SACHS
07/17/25 ACCRUED INTEREST ON PURCHASE 21,533.41-
FHLMC CMO V-M 4.329% 6/25/30
CUSIP 3137HMC65
07/25/25 INTEREST RECEIVED 14,378.76
FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
$0.00269/PV ON 5,155,215.52 PV
DUE 7/25/25
07/25/25 11,178.94- PAID DOWN 11,178.94 10,834.84- 344.10 FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
07/25/25 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 7/25/25
07/25/25 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 7/25/25
07/25/25 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 7/25/25
Attachment B
PAGE 26

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 07/25/25 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 7/25/25
07/25/25 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 7/25/25
07/25/25 INTEREST RECEIVED 16,115.17
FHLMC K540 CMO V-M 4.513% 2/25/30
CUSIP 3137HLJA1
$0.00376/PV ON 4,285,000.00 PV
DUE 7/25/25
07/25/25 INTEREST RECEIVED 41,197.30
FHLMC K541 CMO V-M 4.348% 2/25/30
CUSIP 3137HLXV9
$0.00362/PV ON 11,370,000.00 PV
DUE 7/25/25
07/25/25 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 7/25/25
07/25/25 INTEREST RECEIVED 23,943.24
FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
$0.00392/PV ON 6,014,630.11 PV
DUE 7/25/25
Attachment B
PAGE 27

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 07/25/25 7,050.21- PAID DOWN 7,050.21 7,050.03- 0.18
FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
07/25/25 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 7/25/25
07/15/25 INTEREST RECEIVED 22,374.24
FIFTH THIRD AUT ABS 5.530% 8/15/28
CUSIP 31680EAD3
$0.00425/PV ON 4,855,168.84 PV
DUE 7/15/25
07/15/25 308,737.47- PAID DOWN 308,737.47 308,718.33- 19.14 FIFTH THIRD AUT ABS 5.530% 8/15/28
CUSIP 31680EAD3
AT $37.1821 ON TRADE DATE 07/15/2025
07/25/25 INTEREST RECEIVED 54,417.03
FNMA SER M6 CMO V-M 4.182% 7/25/28
CUSIP 3136BQDE6
$0.00348/PV ON 15,616,470.66 PV
DUE 7/25/25
07/25/25 1,640.4- PAID DOWN 1,640.40 1,593.42- 46.98
FNMA SER M6 CMO V-M 4.182% 7/25/28
CUSIP 3136BQDE6
07/16/25 INTEREST RECEIVED 7,008.50
GM FINANCIAL ABS 4.280% 4/16/30
CUSIP 362549AD9
$0.00357/PV ON 1,965,000.00 PV
DUE 7/16/25
Attachment B
PAGE 28

STATEMENT OF TRANSACTIONS

REALIZED

PERSHING LLC
07/24/25 ACCRUED INTEREST ON SALE 2,908.03
HONDA AUTO ABS 5.410% 2/18/28
CUSIP 43815QAC1
07/15/25 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 7/15/25
07/15/25 INTEREST RECEIVED 11,632.72
HYUNDAI AUTO REC ABS 4.360% 12/17/29
CUSIP 44935XAD7
$0.00412/PV ON 2,825,000.00 PV
DUE 7/15/25
Attachment B
PAGE 29

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 07/15/25 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 7/15/25
07/14/25 INTEREST RECEIVED 96,772.50
JOHN DEERE CAP MTN 4.950% 7/14/28
CUSIP 24422EXB0
INTEREST ON 3,910,000.000 UNITS
07/24/25 INTEREST RECEIVED 69,424.38
JPMORGAN & CHASE V-Q 4.915% 1/24/29
CUSIP 46647PEU6
INTEREST ON 2,825,000.000 UNITS
07/15/25 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 7/15/25
07/15/25 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 7/15/25
07/23/25 1,925,000- SOLD 1,938,083.98 1,924,513.75- 13,570.23 KUBOTA CREDIT ABS 5.280% 1/18/28
CUSIP 500945AC4
AT $100.6797 ON TRADE DATE 07/22/2025
TO SETTLE ON 07/23/2025

MITSUBISHI UFJ SECURITIES (USA
Attachment B
PAGE 30

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 07/23/25 ACCRUED INTEREST ON SALE 2,258.67
KUBOTA CREDIT ABS 5.280% 1/18/28
CUSIP 500945AC4
07/31/25 INTEREST RECEIVED 161,000.00
PACCAR FINANCIAL MTN 4.600% 1/31/29
CUSIP 69371RS80
INTEREST ON 7,000,000.000 UNITS
07/17/25 INTEREST RECEIVED 98,550.00
PEPSICO INC 4.500% 7/17/29
CUSIP 713448FX1
INTEREST ON 4,380,000.000 UNITS
07/15/25 INTEREST RECEIVED 54,453.75
TARGET CORP 1.950% 1/15/27
CUSIP 87612EBM7
INTEREST ON 5,585,000.000 UNITS
07/30/25 4,705,000 PURCHASED 4,704,504.09- 4,704,504.09 TOYOTA AUTO ABS 4.110% 3/15/30
CUSIP 89238VAD0
AT $99.9895 ON TRADE DATE 07/22/2025
TO SETTLE ON 07/30/2025
RBC DAIN RAUSCHER INC.
07/15/25 INTEREST RECEIVED 15,859.08
TOYOTA AUTO REC ABS 4.340% 11/15/29
CUSIP 89231HAD8
$0.00362/PV ON 4,385,000.00 PV
DUE 7/15/25
07/15/25 INTEREST RECEIVED 6,303.61
TOYOTA AUTO REC ABS 5.160% 4/17/28
CUSIP 89231FAD2
$0.00419/PV ON 1,465,954.74 PV
DUE 7/15/25
Attachment B
PAGE 31

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 07/15/25 92,754.42- PAID DOWN 92,754.42 92,733.44- 20.98 TOYOTA AUTO REC ABS 5.160% 4/17/28
CUSIP 89231FAD2
AT $123.7625 ON TRADE DATE 07/15/2025
07/15/25 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 7/15/25
07/31/25 INTEREST RECEIVED 102,093.75
U.S. TREASURY BONDS 4.125% 7/31/28
CUSIP 91282CHQ7
INTEREST ON 4,950,000.000 UNITS
07/31/25 INTEREST RECEIVED 128,562.50
U.S. TREASURY NOTES 2.750% 7/31/27
CUSIP 91282CFB2
INTEREST ON 9,350,000.000 UNITS
07/31/25 INTEREST RECEIVED 14,962.50
U.S. TREASURY NOTES 3.500% 1/31/28
CUSIP 91282CGH8
INTEREST ON 855,000.000 UNITS
07/24/25 2,780,000- SOLD 2,785,972.66 2,800,357.99- 14,385.33- U.S. TREASURY NOTES 3.875% 12/31/27
CUSIP 91282CGC9
AT $100.2148 ON TRADE DATE 07/22/2025
TO SETTLE ON 07/24/2025

RBS/EQUITY FINANCE
07/24/25 ACCRUED INTEREST ON SALE 7,025.54
U.S. TREASURY NOTES 3.875% 12/31/27
CUSIP 91282CGC9
Attachment B
PAGE 32

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 07/31/25 INTEREST RECEIVED 323,300.00
U.S. TREASURY NOTES 4.000% 1/31/29
CUSIP 91282CJW2
INTEREST ON 16,165,000.000 UNITS
07/22/25 6,975,000- SOLD 7,009,057.62 6,870,312.13- 138,745.49 U.S. TREASURY NOTES 4.000% 6/30/28
CUSIP 91282CHK0
AT $100.4883 ON TRADE DATE 07/18/2025
TO SETTLE ON 07/22/2025
NOMURA SECURITIES INTL. INC.
07/22/25 ACCRUED INTEREST ON SALE 16,679.35
U.S. TREASURY NOTES 4.000% 6/30/28
CUSIP 91282CHK0
07/31/25 INTEREST RECEIVED 191,500.00
U.S. TREASURY NOTES 4.000% 7/31/29
CUSIP 91282CLC3
INTEREST ON 9,575,000.000 UNITS
07/31/25 INTEREST RECEIVED 133,340.63
U.S. TREASURY NOTES 4.125% 1/31/27
CUSIP 91282CMH1
INTEREST ON 6,465,000.000 UNITS
07/31/25 INTEREST RECEIVED 132,281.25
U.S. TREASURY NOTES 4.250% 1/31/30
CUSIP 91282CMG3
INTEREST ON 6,225,000.000 UNITS
07/14/25 10,125,000- SOLD 10,192,236.33 10,135,961.45- 56,274.88 U.S. TREASURY NOTES 4.625% 9/15/26
CUSIP 91282CHY0
AT $100.6641 ON TRADE DATE 07/09/2025
TO SETTLE ON 07/14/2025
NOMURA SECURITIES INTL. INC.

Attachment B
PAGE 33

STATEMENT OF TRANSACTIONS

REALIZED

RBS/EQUITY FINANCE
07/16/25 ACCRUED INTEREST ON SALE 61,708.74
US TREASURY NOTE 2.250% 8/15/27
CUSIP 9128282R0
07/15/25 INTEREST RECEIVED 21,614.24
USAA AUTO OWNER ABS 5.580% 5/15/28
CUSIP 90291VAC4
$0.00358/PV ON 4,648,222.99 PV
DUE 7/15/25
07/15/25 370,537.26- PAID DOWN 370,537.26 370,472.42- 64.84 USAA AUTO OWNER ABS 5.580% 5/15/28
CUSIP 90291VAC4
AT $30.9807 ON TRADE DATE 07/15/2025
07/21/25 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 7/20/25
07/22/25 INTEREST RECEIVED 12,311.40
VR BANK OF AMERICA 1.734% 7/22/27
CUSIP 06051GJS9
INTEREST ON 1,420,000.000 UNITS
Attachment B
INVESTMENT AND INSURANCE PRODUCTS ARE:• NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY FEDERAL GOVERNMENT AGENCY• NOT A DEPOSIT, OBLIGATION OF, OR GUARANTEED BY ANY BANK OR BANKING AFFILIATE• SUBJECT TO INVESTMENT RISKS AND MAY LOSE VALUE, INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED PAGE 34

STATEMENT OF TRANSACTIONS

REALIZED

City Council and Authorities ConcurrentOctober 21, 2025

City Council and Authorities Concurrent
October 21, 2025