Monthly Investment Report - September 2025 — City Council and Authorities Concurrent, November 18, 2025

_____________________________________________________________________

MONTHLY INVESTMENT REPORT

September 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 September 30, 2025 were in compliance with the City's Investment Policy Statement regarding current market strategy and long-term goals and objectives. All securities held are rated A or higher by two nationally recognized rating agencies. There is adequate cash flow and maturity of investments to meet the City’s needs for the next six months.

The following table provides the breakdown of the total portfolio among the City, the Sports and Open Space Authority (SOSA), and the Housing Authority (HA) as of September 30, 2025.

On September 30, 2025 the cost value and market value of the City's unrestricted pooled investment portfolio were $1,446,608,838 and $1,457,300,332 respectively.

Investment Strategy and Market Update
The Federal Reserve (Fed) delivered its first rate cut of 2025, lowering the federal funds target range to 4.00% to 4.25%.Fed Chair Jerome Powell called it a “risk management cut” as the Fed weighs risks to its dual mandate of full employment and price stability.

Newly confirmed Governor Stephen Miran dissented, favoring a 50 basis point (bps) cut.

The October 1 shutdown of the U.S. government delayed the September jobs report, a key data point for the Fed given its focus on the labor market. Other labor market data continues to suggest a low hiring/low firing environment.

The Consumer Price Index (CPI) rose to 2.9% year-over-year. Certain import-reliant goods are showing modest tariff passthroughs, but the Fed expects tariff price effects to be short-lived. The tension between the weakening labor market and sticky inflation reinforces the Fed’s data dependence.

Yields on 3-month, 2-year, and 10-year U.S. Treasuries ended the month at 3.93%, 3.61%, and 4.15%, representing decreases of 21 bps, 1 bps, and 8 bps, respectively.

The 30-year U.S. Treasury yield declined 20 bps and modestly flattened the yield curve from its steepest levels in over three years.

This drop in longer-dated Treasury yields pushed mortgage rates to their lowest levels in nearly three years, improving the backdrop for home buying activity.

COST VALUE PERCENTAGE
City $1,437,862,660 99.90%
SOSA 15,521

0.00%
HA 1,412,917 0.10% Unrestricted $1,446,608,838 100.00%
Restricted Bond Proceeds 2,448,199

Total Investments $1,449,057,037
2 The City's investment strategy for September 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 September 30, 202 5, 46.72% of the City’s portfolio consists of U.S. Treasury Notes, 17.97% consists of California Asset Management Program (CAMP) , 17.20% consists of investment grade Corporate Notes , 8.85% consists of investment grade Mortgage-Backed Securities, 8.09% consists of investment grade Asset-Back Securities, 0.52% consists of Negotiable Certificates of Deposit, and 0.43% consists of Local Agency Investment Fund (LAIF). In addition, City bond proceeds are invested in separate funds and are not included in the calculation of the City’s portfolio yield.

U.S. Treasury Notes

46.72%
Corporate Notes

17.20%
Asset-Backed Securities

8.09%
Negotiable Certificates of
Deposit

0.52%
Mortgage-Backed Securities

8.85%
Money Market Fund

0.05%
Local Agency
Investment Fund (LAIF)

0.43%
California Asset Management
Program (CAMP)

17.97% 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.

4.13%

4.20%

4.32%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%
Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-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
9/30/2025
Investment Yield
Liquidity Portfolio1 4.33%
LAIF average monthly yield 4.21%

Securities Portfolio2 4.13%
ICE BAML 1-5 US Treasury Index (24-month rolling average market yield) 4.20% ICE BAML 1-5 AAA-A US Corporate & Government Index (24-month rolling average market yield) 4.32%

City Portfolio (Liquidity + Securities) 4.16%

Investment Total Return*
Securities Portfolio 0.30%
ICE BAML 1-5 US Treasury Index 0.23%
ICE BAML 1-5 AAA-A US Corporate & Government Index 0.27%

Average Maturity of Investments (in years)
Liquidity Portfolio1 0.08
Securities Portfolio2 2.99
City Portfolio (Liquidity + Securities) 2.44
ICE BAML 1-5 US Treasury Index 2.72
ICE BAML 1-5 AAA-A US Corporate & Government Index 2.78

Cash Interest Income Current Month3 $ 5,403,252
Cash Interest Income Fiscal Year-To-Date3 $ 13,444,847

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 SEPTEMBER 30, 2025
PER
COST % OF INVESTMENT

INVESTMENT TYPE VALUE PORTFOLIO POLICY
U.S. Treasury Notes 677,006,148 46.72% No Limit
Corporate Notes 249,199,111 17.20% 25%
Asset-Backed Securities 117,299,243 8.09% 10%
Negotiable Certificates of Deposit 7,500,000 0.52% 30% Mortgage-Backed Securities 128,201,218 8.85% 15%
Money Market Fund 724,799 0.05% 10% Per Fund
Local Agency Investment Fund (LAIF) 6,279,027 0.43% $75 M California Asset Management Program (CAMP) 260,399,292 17.97% No Limit Mutual Fund - Traffic Mitigation Bond Proceeds 2,448,199 0.17% 10% Per Fund TOTAL INVESTMENTS $ 1,449,057,037 100.00%
6 INVESTMENT MATURITY DISTRIBUTION
AS OF SEPTEMBER 30, 2025

UNRESTRICTED POOLED PORTFOLIO

MATURITY NUMBER OF
(IN MONTHS) COST VALUE INVESTMENTS DISTRIBUTION
DEMAND (a) $ 197,403,117 (a) 3 13.65%
0 TO 6 94,337,194 9 6.52%
7 TO 12 21,761,347 4 1.50%
13 TO 18 80,854,895 13 5.59%
19 TO 24 154,025,852 18 10.65%
25 TO 30 165,573,697 20 11.45%
31 TO 36 145,871,268 26 10.08%
37 TO 42 135,791,148 23 9.39%
43 TO 48 163,930,186 23 11.33%
49 TO 54 130,073,410 23 8.99%
55 TO 60 156,986,724 22 10.85%
TOTAL $ 1,446,608,838 184 100.00%
Average Maturity of Unrestricted Pool: 2.44 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 SEPTEMBER 30, 2025
City of Santa Clara Monthly Report
9/30/2025
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 11/15/2023 4.625% 11/15/2026 91282CJK8 7,250,000.00 AA+ 11/20/ 2024 7,317,278.82 4.27% 7 ,320,542.50 3,263.68 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% 12,673,210.75 30,914.85 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% 11,196,769.10 58,126.13 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% 4,086,910.35 28,897.07 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% 2,412,936.00 18,654.75 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% 12,275,544.90 95,336.31 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% 22,195,554.50 145,513.48 UNITED STATES TREASURY 5/15/2017 2.375% 5/15/2027 912828X88 5,400,000.00 AA+ 8/8/2022 5,248,546.88 3.01% 5,291,568.00 43,021.12 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% 15,479,404.00 106,291.50 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% 2,228,710.00 -28,782.19 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, 104,873.50 -321,994.66 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% 10,159,000.00 -29,671.88 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% 5,099,818.00 -3,129.66 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% 9,203,953.00 207,134.64 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% 9,859,875.60 -53,176.74 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% 4,427,408.00 123,097.84 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 ,567,326.75 20,798.62 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% 3,821,525.25 61,216.46 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% 43,300,508.40 264,068.71 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, 278,728.40 -163,607.54 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% 19,152,633.60 64,505.47 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% 4,298,230.80 -11,286.39 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% 4,798,260.00 -35,050.55 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 ,257,542.00 -30,516.59 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% 7,167,575.10 -15,342.87 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 ,365,360.75 30,090.23 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 ,876,723.50 -29,354.63 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 ,505,167.25 -13,247.79 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 ,214,534.25 -32,496.02 UNITED STATES TREASURY 1/31/2023 3.500% 1/31/ 2028 91282CGH8 855,000.00 AA+ 5/ 16/2023 855,400.78 3.49 % 852,725.70 -2,675.08 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 ,151,346.40 148,804.42 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 ,471,633.50 48,813.19 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 ,261,048.45 30,362.71 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 ,424,988.80 -107,511.20 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 ,680,723.60 -10,518.31 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 ,060,333.25 17,844.97 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% 11,736,877.60 41,299.87 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% 10,116,618.40 114,226.80 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 ,286,325.60 137,251.38 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 ,084,105.25 149,534.57 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% 5 ,015,736.00 93,773.11 UNITED STATES TREASURY 8/31/2023 4.375% 8/31/2028 91282CHX2 2,900,000.00 AA+ 1/26/2024 2,936,527.61 4.03% 2 ,959,015.00 22,487.39 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 ,110,217.00 -30,622.84 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 ,343,850.80 -11,866.39 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, 682,734.40 -286,365.60 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 ,198,340.00 47,635.90 10/10/2025 2:31 PM 1 of 6
Attachment A
City of Santa Clara Monthly Report
9/30/2025
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 1/2/2024 3.750% 12/31/2028 91282CJR 3 14,950,000.00 AA+ 1/19/2024 14,770,132.81 4.02% 14,997,242.00 227,109.19 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% 6,269,750.00 67,601.56 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% 6,469,248.00 101,498.00 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% 4,786,232.70 -28,115.54 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% 5,084,424.60 116,317.18 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% 9,060, 647.40 20,147.40 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% 4,458,212.50 -39,834.38 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% 2,904,207.00 36,283.17 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% 10,203,061.50 264,161.11 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% 16,949,121.75 536,953.78 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% 5,804,493.75 -5,076.56 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% 5,088,847.50 94,954.92 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, 844,276.80 -228,129.27 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% 1,121,868.00 -6,448.41 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% 17,292,065.40 433,099.58 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% 7,740,889.20 202,477.48 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 ,680,899.50 -138,337.80 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% 10,431,994.50 2,898.80 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% 12,669,266.00 -66,948.84 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 ,865,474.60 1,318.35 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 ,535,584.75 53,791.78 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 ,148,342.05 46,585.60 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 ,225,482.50 53,086.99 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 ,158,126.00 26,586.94 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% 13,310,779.00 187,239.94 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 ,743,443.00 70,970.34 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% 5,283,668.00 105,402.37 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% 5,207,967.00 126,766.15 UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG3 10,000.00 AA+ 1/31/2025 9,970.70 4.32% 10,211.70 241.00 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% 1,138,604.55 23,343.22 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% 6,155,586.00 101,486.39 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 ,947,761.50 47,450.95 UNITED STATES TREASURY 7/31/2025 3.875% 7/31/2030 91282CNN7 5,325,000.00 AA+ 8/28/2025 5,362,441.41 3.72% 5,357,056.50 -5,384.91 UNITED STATES TREASURY 7/31/2025 3.875% 7/31/2030 91282CNN7 4,250,000.00 AA+ 8/20/2025 4,260,458.98 3.82% 4,275,585.00 15,126.02 UNITED STATES TREASURY 9/2/2025 3.625% 8/31/2030 91282CNX5 32,665,000.00 AA+ 9/3/2025 32,492,374.62 3.74% 32,496,448.60 4,073.98 UNITED STATES TREASURY 9/2/2025 3.625% 8/31/2030 91282CNX5 3,610,000.00 AA+ 9/11/2025 3,616,909.77 3.58% 3 ,591,372.40 -25,537.37 U.S. Treasury Bond / Note Subtotal 672,855,000.00 677,006,147.90 680,365,055.25 3,358,907.35 FANNIE MAE-ACES 7/1/2023 4.190% 7/1/2028 3136BQDE6 8,354,988.23 AA+ 11/30/ 2023 8,030,905.72 5.14% 8 ,370,779.18 339,873.46 FANNIE MAE-ACES 7/1/2023 4.190% 7/1/2028 3136BQDE6 7,256,904.10 AA+ 7/31/ 2023 7,133,876.89 4.58% 7 ,270,619.63 136,742.74

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 1/1/2017 3.347% 11/1/2026 3137BTUM1 5,128,739.61 AA+ 5/24/2023 4,970,870.62 4.29% 5,077,657.36 106,786.74

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 ,920,240.00 373,990.00 10/10/2025 2:31 PM 2 of 6
Attachment A
City of Santa Clara Monthly Report
9/30/2025
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 7/1/2017 3.243% 4/1/2027 3137F1G44 4,545,000.00 AA+ 8/18/ 2023 4,285,260.35 4.93% 4 ,496,823.00 211,562.65

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 ,439,783.50 337,888.97

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 ,641,000.00 66,090.00

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2023 4.777% 6/1/2028 3137HAD 45 5,995,365.03 AA+ 7/27/2023 5,995,215.17 4.78% 6,046,565.45 51,350.28

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% 5,861,090.00 237,222.00

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% 9,281,092.14 204,559.94

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 4/1/2025 4.478% 1/1/2030 3137HKQ C1 10,570,000.00 AA+ 4/10/2025 10,643,049.27 4.32% 10,732,143.80 89,094.53

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% 4,061,007.20 51,147.55

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% 6,041,056.00 81,121.56

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 ,356,559.50 71,679.48

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% 11,487,565.80 117,975.12

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 9/1/2025 4.361% 5/1/2030 3137HN4R6 7,245,000.00 AA+ 9/18/ 2025 7,353,573.57 4.01% 7 ,324,477.65 -29,095.92

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 9/1/2025 4.421% 5/1/2030 3137HN6B9 6,945,000.00 AA+ 9/29/ 2025 7,048,959.71 4.06% 6 ,945,000.00 -103,959.71

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% 11,300,114.72 108,327.37 Federal Agency Commercial
Mortgage-Backed Security Subtotal 129,651,996.97 128,201, 218.17 130,653,574.93 2,452,356.76 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% 1,679,079.60 46,515.75 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% 1,376,126.40 38,364.20 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% 5,653,153.80 298,767.00 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% 6,665,779.05 -7,185.05 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 ,718,875.00 29,835.00 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, 899,470.00 -126,450.00 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% 8,131, 440.00 37,840.00 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% 4,104,561.60 18,505.80 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% 4,104,561.60 19,209.60 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% 2,990,930.36 79,708.24 BLACKROCK INC 3/14/2024 4.700% 3/14/2029 09290DAA9 350,000.00 AA- 3/14/2024 349,366.50 4.74% 358,011.50 8,645.00 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% 4,049,760.00 51,400.00 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% 1,391,642.60 110,390.80 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% 5,072,030.40 36,852.00 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% 5,701, 642.00 28,968.50 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% 10,260,100.00 135,600.00 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% 6,976,868.00 20,944.00 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% 11,774,014.75 549,014.75 10/10/2025 2:31 PM 3 of 6
Attachment A
City of Santa Clara Monthly Report
9/30/2025
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 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% 6,596,915.00 18,005.00 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% 1,566,009.40 8,365.90 ELI LILLY & COMPANY 8/14/2024 4.200% 8/14/ 2029 532457CQ9 445,000.00 A+ 8/14/ 2024 444,025.45 4.25% 448,150.60 4,125.15 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% 8,817, 200.00 12,162.50 HOME DEPOT INC/THE 9/15/2025 3.950% 9/15/2030 437076DJ8 1,885,000.00 A 9/15/2025 1,878,232.85 4.03% 1,868,789.00 -9,443.85 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% 4,899,250.00 -9,350.00 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 ,875,348.00 6,804.00 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 % 518,589.55 14,342.00 JOHN DEERE CAPITAL CORP 7/14/2023 4.950% 7/14/ 2028 24422EXB0 605,000.00 A 7/18/2023 610,874.55 4.73 % 621,280.55 10,406.00 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% 4,904,999.00 25,559.50

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 ,041,083.00 330,337.00

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 ,879,106.75 204,574.50

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% 5,109,200.00 5,850.00

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 ,875,934.75 34,013.00

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 ,872,347.50 36,795.00 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 ,385,375.00 -12,187.50 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% 7,247,250.00 357,375.00 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 ,438,306.40 52,411.20 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 ,239,554.20 121,672.65 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 ,214,315.80 69,315.80

NATIONAL RURAL UTILITIES
COOPERATIVE FI 8/25/2025

4.150% 8/25/2028 63743HFZ0 4,380,000.00 NR 8/25/2025 4,375,094.40 4.19% 4,391,826.00 16,731.60 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% 10,217, 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% 6,973, 307.25 36,172.50

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% 9,980,300.00 341,700.00 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% 7,130,130.00 134,050.00 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% 4,457, 832.60 84,621.60 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% 2,431,098.60 55,097.00 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% 9,441,154.80 189,789.60 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% 4,485,960.65 -81,928.85 TARGET CORP 1/24/2022 1.950% 1/15/ 2027 87612EBM7 990,000.00 A 1/24/ 2022 988,317.00 1.99% 966,507.30 -21,809.70 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 ,794,376.00 204,120.00 WALMART INC. 4/28/2025 4.350% 4/28/2030 931142FN8 6,000,000.00 AA 5/2/2025 6,053,94 0.00 4.15% 6,098, 460.00 44,520.00 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% 3,272, 840.20 58,410.80 Corporate Note Subtotal 250,109,000.00 249,199,111.57 252,968,144.56 3,769,032.99

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 ,250,333.40 80,609.20

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 ,584,905.95 70,844.76 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% 3,082,362.15 37,771.09 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 ,310,060.00 60,079.95 10/10/2025 2:31 PM 4 of 6
Attachment A
City of Santa Clara Monthly Report
9/30/2025
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 BOFA AUTO TRUST 2024-1 11/21/2023 5.740% 6/15/2028 06054YAC 1 5,411,234.58 NR 11/21/2023 5,411,136.64 5.74% 5,470,325.26 59,188.62

CAPITAL ONE MULTI-ASSET
EXECUTION TRUST 9/16/2025 3.820% 9/16/2030 14041NGF2 7,250,000.00 AAA 9/16/ 2025 7,248,625.40 3.82% 7 ,246,230.00 -2,395.40

CHASE AUTO OWNER TRUST
2024-5A 7/30/2025 4.290% 6/25/2030 16145NAC 5 3,255,000.00 NR 7/30/2025 3,254,681.99 4.29% 3,276,775.95 22,093.96 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 ,117,842.25 74,517.92 CHASE ISSUANCE TRUST 1/31/2024 4.600% 1/15/2029 161571HV9 7,605,000.00 AAA 1/31/2024 7,603,841.76 4.60% 7,677,019.35 73,177.59 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 ,249,183.60 59,368.32

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% 11,604,444.00 122,559.88 FIFTH THIRD AUTO TRUST 8/23/2023 5.530% 8/15/2028 31680EAD 3 3,951,662.49 AAA 8/23/2023 3,951,417.49 5.53% 3,988,057.30 36,639.81

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% 820,142.65 5,306.55

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% 1,979, 973.30 15,262.55

HYUNDAI AUTO RECEIVABLES
TRUST 2024-C 11/13/2023 5.540% 10/16/2028 44918CAD 4 2,421,169.11 AAA 11/13/2023 2,420,850.73 5.54% 2 ,446,833.50 25,982.77

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% 6,620,194.80 51,163.87

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% 2,851,865.75 27,120.85

HYUNDAI AUTO RECEIVABLES
TRUST 2024-C 9/17/2025 3.880% 4/15/2030 44935JAD8 5,770,000.00 AAA 9/17/ 2025 5,769,058.34 3.88% 5 ,763,422.20 -5,636.14

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 ,123,942.50 59,081.93

TOYOTA AUTO RECEIVABLES
OWNER TRUST COM 11/14/2023 5.540% 8/15/2028 89239FAD4 1,714,233.53 AAA 11/14/ 2023 1,714,048.74 5.54% 1 ,733,947.22 19,898.48

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% 4,420,737.75 35,989.01

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% 4,728,477.95 23,973.86

VOLKSWAGEN AUTO LOAN

ENHANCED T
RUST 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 ,974,188.10 69,422.87 Asset-Backed Security Subtotal 117,313,299.71 117,299,242.63 118,321,264.93 1,022,022.30 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 ,589,175.00 89,175.00 Certificate of Deposit Subtotal 7,500,000.00 7,500,000.00 7,589,175.00 89,175.00

PRINCIPAL PUBLIC DEPOSIT
SWEEP PROGRAM 2.100% 10/1/2025 992995944 724,798.89 9/1/2020 724,798.89 724,798.89

LOCAL AGENCY INVESTMENT
FUND 4.212% 10/1/2025 6,279,026.69 9/30/1997 6,279,026.69 6,279,026.69 -

CALIFORNIA ASSET
MANAGEMENT PROGRAM 4.360% 10/1/2025 190,399,291.63 10/4/2022 190,399,291.63 190,399,291.63 -

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 4.290% 10/6/2025 15,000,000.00 8/4/2025 15,000,000.00 15,000,000.00 - 10/10/2025 2:31 PM 5 of 6
Attachment A
City of Santa Clara Monthly Report
9/30/2025
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 4.330% 10/22/2025 10,000,000.00 7/25/2025 10,000,000.00 10,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.290% 11/7/2025 15,000,000.00 8/4/2025 15,000,000.00 15,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.290% 12/1/2025 10,000,000.00 8/4/2025 10,000,000.00 10,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.010% 12/24/2025 10,000,000.00 9/26/2025 10,000,000.00 10,000,000.00 -

DREYFUS TREASUR
Y 4.030% 10/1/2025 2,448,199.21 10/31/1997 2,448,199.21 2,448,199.21 - Cash Equivalent Subtotal 269,851,316.42 269,851,316.42 269,851,316.42 - Grand Total Count 185 1,447,280,613.10 1,449,057,036.69 1,459,748,531.09 10,691,494.40 *NR = Not Rated by S&P Global. These Asset Backed Securities are rated by Moody's Ratings as Aaa. 10/10/2025 2:31 PM 6 of 6
Attachment A
PAGE 22

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD SEPTEMBER 1, 2025 THROUGH SEPTEMBER 30, 2025 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

CASH EQUIVALENTS
09/02/25 INTEREST RECEIVED 3,935.07

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
INTEREST FROM 8/1/25 TO 8/31/25
09/11/25 11,645,000 PURCHASED 11,638,182.82- 11,638,182.82 U.S. TREASURY BILLS 9/16/25
CUSIP 912797QU4
AT $99.9415 ON TRADE DATE 09/10/2025
TO SETTLE ON 09/11/2025

CITIGROUP GBL MKTS/SALOMON BRO
09/16/25 11,645,000- MATURED 11,638,182.82 11,638,182.82- U.S. TREASURY BILLS 9/16/25
CUSIP 912797QU4
AT $100.0000 ON TRADE DATE 09/16/2025
09/16/25 INTEREST RECEIVED 6,817.18
U.S. TREASURY BILLS 9/16/25
CUSIP 912797QU4
INTEREST ON 11,645,000.000 UNITS
11,645,000 PAR VALUE AT 100 %
09/30/25 37,081,054.76 CASH SWEEP PURCHASES FOR STMT PERIOD 37,081,054.76- 37,081,054.76

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
12 TRANSACTIONS
09/30/25 36,591,175.92- CASH SWEEP SALES FOR STMT PERIOD 36,591,175.92 36,591,175.92-

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
5 TRANSACTIONS
Attachment B
PAGE 23

STATEMENT OF TRANSACTIONS

REALIZED

BONDS & NOTES
09/15/25 INTEREST RECEIVED 23,345.41
AMERICAN EXPRES ABS 4.300% 7/15/30
CUSIP 02582JKV1
$0.00358/PV ON 6,515,000.00 PV
DUE 9/15/25
09/15/25 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 9/15/25
09/15/25 INTEREST RECEIVED 18,856.25
BANK OF AMERICA ABS 4.310% 5/15/30
CUSIP 05522RDK1
$0.00359/PV ON 5,250,000.00 PV
DUE 9/15/25
09/10/25 0.02 SHARE ADJUSTMENT
BANK OF AMERICA ABS 5.530% 2/15/28
CUSIP 06428AAC2
09/11/25 2,081,718.57- SOLD 2,098,551.23 2,081,639.65- 16,911.58 BANK OF AMERICA ABS 5.530% 2/15/28
CUSIP 06428AAC2
AT $100.8086 ON TRADE DATE 09/10/2025
TO SETTLE ON 09/11/2025

MITSUBISHI UFJ SECURITIES (USA
09/11/25 ACCRUED INTEREST ON SALE 8,314.15
BANK OF AMERICA ABS 5.530% 2/15/28
CUSIP 06428AAC2
Attachment B
PAGE 24

STATEMENT OF TRANSACTIONS

REALIZED

TAXLOTS WITH FRACTIONAL SHARES
09/15/25 INTEREST RECEIVED 27,804.33
BANK OF AMERICA ABS 5.740% 6/15/28
CUSIP 06054YAC1
$0.00422/PV ON 5,812,752.08 PV
DUE 9/15/25
09/15/25 401,517.5- PAID DOWN 401,517.50 401,510.23- 7.27 BANK OF AMERICA ABS 5.740% 6/15/28
CUSIP 06054YAC1
09/15/25 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 9/15/25
09/15/25 INTEREST RECEIVED 76,939.00
BLACKROCK FUNDING 4.700% 3/14/29
CUSIP 09290DAA9
INTEREST ON 3,274,000.000 UNITS
09/15/25 INTEREST RECEIVED 132,480.00
BLACKROCK INC 3.200% 3/15/27
CUSIP 09247XAN1
INTEREST ON 8,280,000.000 UNITS
09/16/25 7,250,000 PURCHASED 7,248,625.40- 7,248,625.40 CAPITAL ONE ABS 3.820% 9/16/30
CUSIP 14041NGF2
AT $99.9810 ON TRADE DATE 09/09/2025
TO SETTLE ON 09/16/2025
WACHOVIA CAPITAL MARKETS, LLC.

Attachment B
PAGE 25

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 09/25/25 INTEREST RECEIVED 11,636.63
CHASE AUTO ABS 4.290% 6/25/30
CUSIP 16145NAC5
$0.00358/PV ON 3,255,000.00 PV
DUE 9/25/25
09/15/25 INTEREST RECEIVED 31,858.67
CHASE ISSUANCE ABS 0.000% 7/15/30
CUSIP 161571HZ0
09/15/25 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 9/15/25
09/15/25 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 9/15/25
09/29/25 INTEREST RECEIVED 325,693.38
CITIBANK 5.803% 9/29/28
CUSIP 17325FBB3
INTEREST ON 11,225,000.000 UNITS
09/11/25 1,855,000- SOLD 1,859,347.66 1,854,767.38- 4,580.28 CITIBANK CREDIT ABS 5.230% 12/08/27
CUSIP 17305EGW9
AT $100.2344 ON TRADE DATE 09/10/2025
TO SETTLE ON 09/11/2025

PERSHING LLC
09/11/25 ACCRUED INTEREST ON SALE 25,062.60
CITIBANK CREDIT ABS 5.230% 12/08/27
CUSIP 17305EGW9
Attachment B
PAGE 26

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 09/25/25 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 9/25/25
09/25/25 INTEREST RECEIVED 40,375.14
FHLMC CMO V-M 4.329% 6/25/30
CUSIP 3137HMC65
$0.00361/PV ON 11,192,000.00 PV
DUE 9/25/25
09/29/25 6,945,000 PURCHASED 7,048,959.71- 7,048,959.71 FHLMC CMO V-M 4.421% 5/25/30
CUSIP 3137HN6B9
AT $101.4969 ON TRADE DATE 09/23/2025
TO SETTLE ON 09/29/2025
J.P. MORGAN SECURITIES INC., -
09/29/25 ACCRUED INTEREST ON PURCHASE 23,880.77-
FHLMC CMO V-M 4.421% 5/25/30
CUSIP 3137HN6B9
09/25/25 INTEREST RECEIVED 14,318.01
FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
$0.00267/PV ON 5,133,438.28 PV
DUE 9/25/25
09/25/25 4,698.67- PAID DOWN 4,698.67 4,554.04- 144.63
FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
09/25/25 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 9/25/25
Attachment B
PAGE 27

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 09/25/25 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 9/25/25
09/25/25 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 9/25/25
09/25/25 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 9/25/25
09/25/25 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 9/25/25
09/25/25 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 9/25/25
09/25/25 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 9/25/25
Attachment B
PAGE 28

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 09/18/25 7,245,000 PURCHASED 7,353,573.57- 7,353,573.57 FHLMC K546 CMO V-M 4.361% 5/25/30
CUSIP 3137HN4R6
AT $101.4986 ON TRADE DATE 09/09/2025
TO SETTLE ON 09/18/2025

BMOCM/BONDS
09/18/25 ACCRUED INTEREST ON PURCHASE 14,920.07-
FHLMC K546 CMO V-M 4.361% 5/25/30
CUSIP 3137HN4R6
09/25/25 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 9/25/25
09/25/25 INTEREST RECEIVED 23,891.60
FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
$0.00391/PV ON 6,001,656.80 PV
DUE 9/25/25
09/25/25 6,291.77- PAID DOWN 6,291.77 6,291.61- 0.16
FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
09/25/25 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 9/25/25
09/15/25 INTEREST RECEIVED 19,532.53
FIFTH THIRD AUT ABS 5.530% 8/15/28
CUSIP 31680EAD3
$0.00371/PV ON 4,238,523.50 PV
DUE 9/15/25
Attachment B
PAGE 29

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 09/15/25 286,861.01- PAID DOWN 286,861.01 286,843.22- 17.79 FIFTH THIRD AUT ABS 5.530% 8/15/28
CUSIP 31680EAD3
09/25/25 INTEREST RECEIVED 54,516.67
FNMA SER M6 CMO V-M 4.190% 7/25/28
CUSIP 3136BQDE6
$0.00349/PV ON 15,613,364.65 PV
DUE 9/25/25
09/25/25 1,472.32- PAID DOWN 1,472.32 1,430.16- 42.16
FNMA SER M6 CMO V-M 4.190% 7/25/28
CUSIP 3136BQDE6
09/16/25 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 9/16/25
09/16/25 INTEREST RECEIVED 3,293.96
GM FINANCIAL ABS 4.850% 12/18/28
CUSIP 36268GAD7
$0.00404/PV ON 815,000.00 PV
DUE 9/16/25
09/15/25 1,885,000 PURCHASED 1,878,232.85- 1,878,232.85 HOME DEPOT INC 3.950% 9/15/30
CUSIP 437076DJ8
AT $99.6410 ON TRADE DATE 09/08/2025
TO SETTLE ON 09/15/2025
J.P. MORGAN SECURITIES INC., -
09/11/25 614,313.29- SOLD 618,776.66 614,186.62- 4,590.04 HONDA AUTO ABS 5.410% 2/18/28
CUSIP 43815QAC1
AT $100.7266 ON TRADE DATE 09/10/2025
TO SETTLE ON 09/11/2025
CIBC WORLD MARKETS CORP.

Attachment B
PAGE 30

STATEMENT OF TRANSACTIONS

REALIZED

CITIGROUP GBL MKTS/SALOMON BRO
09/15/25 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 9/15/25
09/15/25 INTEREST RECEIVED 10,264.17
HYUNDAI AUTO REC ABS 4.360% 12/17/29
CUSIP 44935XAD7
$0.00363/PV ON 2,825,000.00 PV
DUE 9/15/25
09/15/25 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 9/15/25
09/15/25 108,830.89- PAID DOWN 108,830.89 108,816.58- 14.31 HYUNDAI AUTO REC ABS 5.540% 10/16/28
CUSIP 44918CAD4
09/02/25 INTEREST RECEIVED 115,793.75
JOHNSON & JOHNSON 4.500% 3/01/27
CUSIP 478160DG6
INTEREST ON 4,850,000.000 UNITS
Attachment B
PAGE 31

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 09/22/25 INTEREST RECEIVED 157,812.50
KENVUE INC 5.050% 3/22/28
CUSIP 49177JAF9
INTEREST ON 6,250,000.000 UNITS
09/15/25 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 9/15/25
09/15/25 INTEREST RECEIVED 16,114.63
TOYOTA AUTO ABS 4.110% 3/15/30
CUSIP 89238VAD0
$0.00343/PV ON 4,705,000.00 PV
DUE 9/15/25
09/15/25 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 9/15/25
09/10/25 0.01 SHARE ADJUSTMENT
TOYOTA AUTO REC ABS 5.160% 4/17/28
CUSIP 89231FAD2
09/11/25 1,282,325.49- SOLD 1,290,891.02 1,282,035.42- 8,855.60 TOYOTA AUTO REC ABS 5.160% 4/17/28
CUSIP 89231FAD2
AT $100.6680 ON TRADE DATE 09/10/2025
TO SETTLE ON 09/11/2025

MITSUBISHI UFJ SECURITIES (USA
09/11/25 ACCRUED INTEREST ON SALE 4,778.80
TOYOTA AUTO REC ABS 5.160% 4/17/28
CUSIP 89231FAD2
Attachment B
PAGE 32

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 09/15/25 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 9/15/25
09/15/25 10,766.47- PAID DOWN 10,766.47 10,765.31- 1.16 TOYOTA AUTO REC ABS 5.540% 8/15/28
CUSIP 89239FAD4
09/11/25 INTEREST RECEIVED 147,000.00
TOYOTA MTR CR MTN 5.250% 9/11/28
CUSIP 89236TLB9
INTEREST ON 5,600,000.000 UNITS
09/02/25 INTEREST RECEIVED 166,406.25
U.S. TREASURY NOTES 3.125% 8/31/29
CUSIP 91282CFJ5
INTEREST ON 10,650,000.000 UNITS
09/11/25 9,781,000 PURCHASED 9,781,000.00- 9,781,000.00 U.S. TREASURY NOTES 3.500% 9/15/25
CUSIP 91282CFK2
AT $100.0000 ON TRADE DATE 09/10/2025
TO SETTLE ON 09/11/2025
MORGAN STANLEY & CO.
09/11/25 ACCRUED INTEREST ON PURCHASE 167,446.47-
U.S. TREASURY NOTES 3.500% 9/15/25
CUSIP 91282CFK2
09/15/25 INTEREST RECEIVED 171,167.50
U.S. TREASURY NOTES 3.500% 9/15/25
CUSIP 91282CFK2
INTEREST ON 9,781,000.000 UNITS
Attachment B
PAGE 33

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 09/15/25 9,781,000- MATURED 9,781,000.00 9,781,000.00-
U.S. TREASURY NOTES 3.500% 9/15/25
CUSIP 91282CFK2
AT $100.0000 ON TRADE DATE 09/15/2025
09/30/25 INTEREST RECEIVED 188,300.00
U.S. TREASURY NOTES 3.500% 9/30/29
CUSIP 91282CLN9
INTEREST ON 10,760,000.000 UNITS
09/30/25 INTEREST RECEIVED 48,575.00
U.S. TREASURY NOTES 3.625% 3/31/28
CUSIP 91282CGT2
INTEREST ON 2,680,000.000 UNITS
09/02/25 INTEREST RECEIVED 264,081.25
U.S. TREASURY NOTES 3.625% 8/31/29
CUSIP 91282CLK5
INTEREST ON 14,570,000.000 UNITS
09/02/25 1,500,000 PURCHASED 1,493,144.53- 1,493,144.53 U.S. TREASURY NOTES 3.625% 8/31/30
CUSIP 91282CNX5
AT $99.5430 ON TRADE DATE 09/02/2025

BMOCM/BONDS
09/02/25 ACCRUED INTEREST ON PURCHASE 300.41-
U.S. TREASURY NOTES 3.625% 8/31/30
CUSIP 91282CNX5
09/03/25 38,575,000 PURCHASED 38,370,070.31- 38,370,070.31 U.S. TREASURY NOTES 3.625% 8/31/30
CUSIP 91282CNX5
AT $99.4688 ON TRADE DATE 09/02/2025
TO SETTLE ON 09/03/2025
NOMURA SECURITIES INTL. INC.

Attachment B
PAGE 34

STATEMENT OF TRANSACTIONS

REALIZED

CITIGROUP GBL MKTS/SALOMON BRO
09/11/25 ACCRUED INTEREST ON PURCHASE 3,976.48-
U.S. TREASURY NOTES 3.625% 8/31/30
CUSIP 91282CNX5
09/02/25 INTEREST RECEIVED 121,700.00
U.S. TREASURY NOTES 4.000% 2/28/30
CUSIP 91282CGQ8
INTEREST ON 6,085,000.000 UNITS
09/02/25 INTEREST RECEIVED 462,100.00
U.S. TREASURY NOTES 4.000% 2/29/28
CUSIP 91282CGP0
INTEREST ON 23,105,000.000 UNITS
Attachment B
PAGE 35

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 09/30/25 INTEREST RECEIVED 207,281.25
U.S. TREASURY NOTES 4.125% 3/31/29
CUSIP 91282CKG5
INTEREST ON 10,050,000.000 UNITS
09/30/25 INTEREST RECEIVED 232,650.00
U.S. TREASURY NOTES 4.125% 9/30/27
CUSIP 91282CFM8
INTEREST ON 11,280,000.000 UNITS
09/02/25 INTEREST RECEIVED 153,531.25
U.S. TREASURY NOTES 4.250% 2/28/29
CUSIP 91282CKD2
INTEREST ON 7,225,000.000 UNITS
09/02/25 INTEREST RECEIVED 211,640.63
U.S. TREASURY NOTES 4.375% 8/31/28
CUSIP 91282CHX2
INTEREST ON 9,675,000.000 UNITS
09/10/25 6,775,000- SOLD 6,938,552.73 6,860,336.06- 78,216.67 U.S. TREASURY NOTES 4.375% 8/31/28
CUSIP 91282CHX2
AT $102.4141 ON TRADE DATE 09/09/2025
TO SETTLE ON 09/10/2025
MORGAN STANLEY & CO.
09/10/25 ACCRUED INTEREST ON SALE 8,188.02
U.S. TREASURY NOTES 4.375% 8/31/28
CUSIP 91282CHX2
09/03/25 2,515,000- SOLD 2,535,139.65 2,517,722.77- 17,416.88 U.S. TREASURY NOTES 4.625% 9/15/26
CUSIP 91282CHY0
AT $100.8008 ON TRADE DATE 09/02/2025
TO SETTLE ON 09/03/2025
BARCLAYS CAPITAL INC. FIXED IN
Attachment B
PAGE 36

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 09/03/25 ACCRUED INTEREST ON SALE 54,366.37
U.S. TREASURY NOTES 4.625% 9/15/26
CUSIP 91282CHY0
09/03/25 9,975,000- SOLD 10,059,943.36 10,019,809.57- 40,133.79 U.S. TREASURY NOTES 4.625% 10/15/26
CUSIP 91282CJC6
AT $100.8516 ON TRADE DATE 09/02/2025
TO SETTLE ON 09/03/2025
RBC DAIN RAUSCHER INC.
09/03/25 ACCRUED INTEREST ON SALE 177,730.79
U.S. TREASURY NOTES 4.625% 10/15/26
CUSIP 91282CJC6
09/03/25 25,000,000- SOLD 25,224,609.38 25,231,995.95- 7,386.57- U.S. TREASURY NOTES 4.625% 11/15/26
CUSIP 91282CJK8
AT $100.8984 ON TRADE DATE 09/02/2025
TO SETTLE ON 09/03/2025
RBC DAIN RAUSCHER INC.
09/03/25 ACCRUED INTEREST ON SALE 348,760.19
U.S. TREASURY NOTES 4.625% 11/15/26
CUSIP 91282CJK8
09/10/25 925,000- SOLD 934,864.26 933,583.85- 1,280.41
U.S. TREASURY NOTES 4.625% 11/15/26
CUSIP 91282CJK8
AT $101.0664 ON TRADE DATE 09/09/2025
TO SETTLE ON 09/10/2025
MORGAN STANLEY & CO.
09/10/25 ACCRUED INTEREST ON SALE 13,717.90
U.S. TREASURY NOTES 4.625% 11/15/26
CUSIP 91282CJK8
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 37

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 09/24/25 5,000,000- SOLD 5,051,953.13 5,046,399.19- 5,553.94 U.S. TREASURY NOTES 4.625% 11/15/26
CUSIP 91282CJK8
AT $101.0391 ON TRADE DATE 09/23/2025
TO SETTLE ON 09/24/2025
RBC DAIN RAUSCHER INC.
09/24/25 ACCRUED INTEREST ON SALE 82,948.37
U.S. TREASURY NOTES 4.625% 11/15/26
CUSIP 91282CJK8
09/10/25 0.01 SHARE ADJUSTMENT
USAA AUTO OWNER ABS 5.580% 5/15/28
CUSIP 90291VAC4
09/11/25 3,897,892.99- SOLD 3,923,929.70 3,897,210.85- 26,718.85 USAA AUTO OWNER ABS 5.580% 5/15/28
CUSIP 90291VAC4
AT $100.6680 ON TRADE DATE 09/10/2025
TO SETTLE ON 09/11/2025

MITSUBISHI UFJ SECURITIES (USA
09/11/25 ACCRUED INTEREST ON SALE 15,708.51
USAA AUTO OWNER ABS 5.580% 5/15/28
CUSIP 90291VAC4
09/22/25 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 9/20/25
09/25/25 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 9/25/25
================================================================================================================= ENDING BALANCE 0.00 1,179,930,519.16
¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯
Attachment B

City Council and Authorities ConcurrentNovember 18, 2025

City Council and Authorities Concurrent
November 18, 2025