Monthly Investment Report - November 2025 — City Council and Authorities Concurrent, January 27, 2026

_____________________________________________________________________

MONTHLY INVESTMENT REPORT

November 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 November 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 November 30, 2025.

On November 30, 2025 the cost value and market value of the City's unrestricted pooled investment portfolio were $1,480,412,989 and $1,493,734,342 respectively.

Investment Strategy and Market Update
Policymakers at the Federal Reserve (Fed) remain divided ahead of the Fed’s meeting on December 10. While the government has started releasing data delayed by the government shutdown, the October and November inflation data and jobs reports will not be available before the meeting. Given this lack of data, the Fed will continue to rely on survey-based anecdotal evidence and information from private data providers. Both indicate economic momentum slowing.

The September jobs report showed subdued job creation. The unemployment rate rose to 4.4% in September, its highest level since 2021 but still below long-run averages. Initial jobless claims are still at historically low levels, suggesting the labor market remains in a “no hire, no fire” environment.

The Congressional Budget Office (CBO) estimated the government shutdown will reduce fourth quarter gross domestic product (GDP) growth by 1.0% to 1.5%, with most of the decline expected to be recovered in subsequent quarters. After remaining rangebound for the first half of November, U.S. Treasury yields moved lower on dovish Fed commentary and labor market information released by private data service providers. Yields on 3-month, 2-year, and 10-year U.S. Treasuries ended the month at

3.80%, 3.49%, and 4.01% representing decreases of -1 bps, -8 bps, and -6 bps, respectively. The yield on the 30-year Treasury inched higher over the month by+1 bp to 4.66%, resulting in the yield curve steepening.

Lower yields in November led to strong absolute bond returns across the board. The ICE BofA 3-month, 2-year, and 10-yearU.S.

Treasury indices returned +0.28%, +0.45%, and +1.01%,respectively.

COST VALUE PERCENTAGE
City $1,479,005,159 99.91%
SOSA 14,648

0.00%
HA 1,393,182 0.09% Unrestricted $1,480,412,989 100.00%
Restricted Bond Proceeds 2,464,236

Total Investments $1,482,877,225
2 The City's investment strategy for November 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 November 30, 2025, 45.06% of the City’s portfolio consists of U.S. Treasury Notes, 19.25% consists of California Asset Management Program (CAMP) , 18.08% consists of investment grade Corporate Notes , 8.64% consists of investment grade Mortgage-Backed Securities, 7.78% consists of investment grade Asset-Back Securities, 0.51% 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

45.06%
Corporate Notes

18.08%
Asset-Backed Securities

7.78%
Negotiable Certificates of
Deposit

0.51%
Mortgage-Backed Securities

8.64%
Money Market Fund

0.08%
Local Agency
Investment Fund (LAIF)

0.43%
California Asset Management
Program (CAMP)

19.25% 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%

4.09%

4.21%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%
Nov-21 Feb-22 May-22 Aug-22 Nov-22 Feb-23 May-23 Aug-23 Nov-23 Feb-24 May-24 Aug-24 Nov-24 Feb-25 May-25 Aug-25 Nov-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
11/30/2025
Investment Yield
Liquidity Portfolio1 4.06%
LAIF average monthly yield 4.10%

Securities Portfolio2 4.13%
ICE BAML 1-5 US Treasury Index (24-month rolling average market yield) 4.09% ICE BAML 1-5 AAA-A US Corporate & Government Index (24-month rolling average market yield) 4.21%

City Portfolio (Liquidity + Securities) 4.12%

Investment Total Return*
Securities Portfolio 0.57%
ICE BAML 1-5 US Treasury Index 0.54%
ICE BAML 1-5 AAA-A US Corporate & Government Index 0.55%

Average Maturity of Investments (in years)
Liquidity Portfolio1 0.90
Securities Portfolio2 2.98
City Portfolio (Liquidity + Securities) 2.40
ICE BAML 1-5 US Treasury Index 2.73
ICE BAML 1-5 AAA-A US Corporate & Government Index 2.78

Cash Interest Income Current Month3 $ 4,074,520
Cash Interest Income Fiscal Year-To-Date3 $ 23,792,820

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

2. Core long term portfolio managed by PFM Asset Management

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

5 CITY OF SANTA CLARA
SUMMARY OF INVESTMENTS NOVEMBER 30, 2025

PER
COST % OF INVESTMENT

INVESTMENT TYPE VALUE PORTFOLIO POLICY

U.S. Treasury Notes 668,203,033 45.06% No Limit Corporate Notes 268,126,741 18.08% 25%
Asset-Backed Securities 115,328,726 7.78% 10% Negotiable Certificates of Deposit 7,500,000 0.51% 30% Mortgage-Backed Securities 128,167,554 8.64% 15% Money Market Fund 1,164,038 0.08% 10% Per Fund Local Agency Investment Fund (LAIF) 6,347,618 0.43% $75 M California Asset Management Program (CAMP) 285,575,279 19.25% No Limit Mutual Fund - Traffic Mitigation Bond Proceeds 2,464,236 0.17% 10% Per Fund TOTAL INVESTMENTS $ 1,482,877,225 100.00%

6 INVESTMENT MATURITY DISTRIBUTION
AS OF NOVEMBER 30, 2025

UNRESTRICTED POOLED PORTFOLIO

MATURITY NUMBER OF
(IN MONTHS) COST VALUE INVESTMENTS DISTRIBUTION

DEMAND (a) $ 233,086,934 (a) 3 15.74%
0 TO 6 69,025,920 6 4.66%
7 TO 12 26,707,126 5 1.80%
13 TO 18 120,337,057 18 8.13%
19 TO 24 183,803,360 17 12.42%
25 TO 30 116,648,753 20 7.88%
31 TO 36 133,236,755 26 9.00%
37 TO 42 136,894,882 23 9.25%
43 TO 48 161,882,621 24 10.93%
49 TO 54 154,336,868 27 10.43%
55 TO 60 144,452,713 17 9.76%

TOTAL $1,480,412,989 186 100.00%

Average Maturity of Unrestricted Pool: 2.40 Years

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

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

INVESTMENT MATURITY DISTRIBUTION

UNRESTRICTED POOLED PORTFOLIO
AS OF NOVEMBER 30, 2025
City of Santa Clara Monthly Report
11/30/2025
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Se ttle Date Cost Value YTM at Cost Market Value Unrealized G/L UNITED STATES TREASURY 12/15/2023 4.375% 12/15/2026 91282CJP7 7,110,000.00 AA+ 6/2/ 2025 7,138,799.89 0.00% 7 ,164,178.20 25,378.31 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% 4,088,333.10 30,319.82 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% 2,413,776.00 19,494.75 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% 12,280,793.05 100,584.46 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% 22,193,142.75 143,101.73 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% 5,310,360.00 61,813.12 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% 15,482,307.20 109,194.70 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% 2,229,128.00 -28,364.19 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% 9,230,974.50 234,156.14 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% 9,834,240.90 -78,811.44 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% 4,443,888.20 139,578.04 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 ,574,671.85 28,143.72 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% 3,825,234.55 64,925.76 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% 43,348,945.85 312,506.16 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, 296,938.35 -145,397.59 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% 19,174,058.40 85,930.27 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 ,303,038.95 -6,478.24 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% 4,803,627.50 -29,683.05 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 ,253,915.00 -34,143.59 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% 7,180,123.90 -2,794.07 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 ,380,230.50 44,959.98 UNITED STATES TREASURY 1/3/2023 3.875% 12/31/2027 91282CGC9 4,850,000.00 AA+ 2/2/ 2023 4,906,078.13 3.62% 4 ,886,569.00 -19,509.13 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 ,516,281.50 -2,133.54 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 ,229,099.50 -17,930.77 UNITED STATES TREASURY 1/31/2023 3.500% 1/31/ 2028 91282CGH8 855,000.00 AA+ 5/16/2023 855, 400.78 3.49% 855,000.00 -400.78 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 ,167,102.40 164,560.42 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 ,476,411.00 53,590.69 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 ,271,217.70 40,531.96 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 ,439,340.80 -93,159.20 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 ,688,066.80 -3,175.11 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 ,075,812.00 33,323.72 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% 11,773,021.40 77,443.67 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% 10,147,772.60 145,381.00 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 ,311,843.40 162,769.18 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 ,101,517.50 166,946.82 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 ,029,497.00 107,534.11 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 ,966,149.00 29,621.39 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 ,122,607.00 -18,232.84 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 ,354,686.80 -1,030.39 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, 704,942.80 -264,157.20 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 ,222,495.25 71,791.15 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% 15,057,490.50 287,357.69 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% 6,294,937.50 92,789.06 12/11/2025 5:24 PM 1 of 6
Attachment A
City of Santa Clara Monthly Report
11/30/2025
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Se ttle Date Cost Value YTM at Cost Market Value Unrealized G/L 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% 6,492,032.00 124,282.00 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% 4,803,089.30 -11,258.94 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% 5,102,331.40 134,223.98 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% 9,078, 470.10 37,970.10 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% 4,472,256.25 -25,790.63 UNITED STATES TREASURY 2/29/2024 4.250% 2/28/2029 91282CKD 2 2,850,000.00 AA+ 3/7/2024 2,867,923.83 4.11% 2,913,355.50 45,431.67 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% 10,238,035.50 299,135.11 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% 17,001,189.00 589,021.03 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% 5,822,325.00 12,754.69 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% 5,106,816.00 112,923.42 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, 941,473.20 -130,932.87 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% 1,126,257.00 -2,059.41 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% 17,359,715.85 500,750.03 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% 7,771,173.30 232,761.58 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 ,723,891.25 -95,346.05 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% 10,492,380.00 63,284.30 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% 12,732,766.00 -3,448.84 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 ,874,824.60 10,668.35 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 ,564,742.00 82,949.03 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 ,175,459.60 73,703.15 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 ,163,472.60 31,933.54 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 ,240,373.25 67,977.74 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% 13,373,266.00 249,726.94 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 ,756,322.00 83,849.34 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% 5,308,472.00 130,206.37 UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG3 10,000.00 AA+ 1/31/2025 10,097.33 4.32% 10,261.30 163.97 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% 1,144,134.95 28,873.62 UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG 3 5,100,000.00 AA+ 2/5/2025 5,081,074.22 4.33% 5,233,263.00 152,188.78 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% 6,186,497.80 132,398.19 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 ,971,826.00 71,515.45 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% 5,388,633.75 26,192.34 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% 4,300,787.50 40,328.52 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% 32,698,318.30 205,943.68 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 ,613,682.20 -3,227.57 UNITED STATES TREASURY 9/30/2025 3.625% 9/30/2030 91282CPA3 6,050,000.00 AA+ 10/31/2025 6,029,047.54 3.71% 6,055,687.00 26,639.46 UNITED STATES TREASURY 9/30/2025 3.625% 9/30/2030 91282CPA3 1,500,000.00 AA+ 10/2/2025 1,495,781.25 3.69% 1,501,410.00 5,628.75 UNITED STATES TREASURY 10/31/2023 4.875% 10/31/2030 91282CJG7 7,250,000.00 AA+ 11/20/ 2025 7,631,474.61 3.70% 7 ,658,972.50 27,497.89 U.S. Treasury Bond / Note Subtotal 663,830,000.00 668,203,033.50 673,265,422.70 5,062,389.20 FANNIE MAE-ACES 7/1/2023 4.190% 7/1/2028 3136BQDE6 8,353,241.58 AA+ 11/30/ 2023 8,029,226.81 5.14% 8 ,392,000.63 362,773.82 FANNIE MAE-ACES 7/1/2023 4.190% 7/1/2028 3136BQDE6 7,255,386.95 AA+ 7/31/ 2023 7,132,385.47 4.58% 7 ,289,051.94 156,666.47

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 1/1/2017 3.347% 11/1/2026 3137BTUM1 5,112,395.30 AA+ 5/24/2023 4,955,029.41 4.29% 5,068,939.94 113,910.53

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 ,933,440.00 387,190.00 12/11/2025 5:24 PM 2 of 6
Attachment A
City of Santa Clara Monthly Report
11/30/2025
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Se ttle 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 ,506,503.85 221,243.50

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 8/1/2017 3.117% 6/1/2027 3137F2LJ3 6,525,000.00 AA+ 8/22/ 2023 6,101,894.53 4.97% 6 ,455,313.00 353,418.47

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2023 4.819% 6/1/2028 3137HAC X2 7,500,000.00 AA+ 7/20/2023 7,574,910.00 4.59% 7 ,660,050.00 85,140.00

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2023 4.777% 6/1/2028 3137HAD 45 5,980,712.45 AA+ 7/27/2023 5,980,562.96 4.78% 6,032,804.46 52,241.50

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% 5,869,370.00 245,502.00

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% 9,315,454.53 238,922.33

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% 10,786,050.80 143,001.53

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% 4,081,738.90 71,879.25

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% 6,070,260.00 110,325.56

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 ,376,570.45 91,690.43

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% 11,543,392.50 173,801.82

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 ,365,484.35 11,910.78

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% 7 ,066,676.40 17,716.69

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% 11,356,522.40 164,735.05 Federal Agency Commercial
Mortgage-Backed Security Subtotal 129,617,736.28 128,167, 554.42 131,169,624.15 3,002,069.73 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% 1,681,172.40 48,608.55 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% 1,377,841.60 40,079.40 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% 5,667,905.60 313,518.80 ALPHABET INC 11/6/2025 3.875% 11/15/2028 02079KAV9 1,435,000.00 AA+ 11/6/2025 1,433,765.90 3.91% 1 ,443,581.30 9,815.40 ALPHABET INC 11/6/2025 4.100% 11/15/2030 02079KAW 7 5,725,000.00 AA+ 11/17/2025 5,734,331.75 4.06% 5 ,774,406.75 40,075.00 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% 6,676,791.65 3,827.55 AMAZON.COM INC 11/20/2025 4.100% 11/20/2030 023135CT1 11,500,000.00 AA 11/20/2025 11,487,695.00 4.12% 11,555,315.00 67,620.00 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 ,739,020.00 49,980.00 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% 8,952,480.00 -73,440.00 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% 8,141, 840.00 48,240.00 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% 4,112,096.40 26,040.60 BLACKROCK INC 3/28/2017 3.200% 3/15/2027 09247XAN1 4,140,000.00 AA- 5/18/2022 4,085,352.00 3.50% 4,112,096.40 26,744.40 BLACKROCK INC 3/14/2024 4.700% 3/14/2029 09290DAA9 2,924,000.00 AA- 4/11/2024 2,911,222.12 4.80% 2,995,433.32 84,211.20 BLACKROCK INC 3/14/2024 4.700% 3/14/2029 09290DAA9 350,000.00 AA- 3/14/2024 349,366.50 4.74% 358,550.50 9,184.00 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% 4,037,720.00 39,360.00 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% 1,397,904.80 116,653.00 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% 5,073,076.20 37,897.80 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% 10,290,400.00 165,900.00 12/11/2025 5:24 PM 3 of 6
Attachment A
City of Santa Clara Monthly Report
11/30/2025
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Se ttle Date Cost Value YTM at Cost Market Value Unrealized G/L 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% 6,997,472.00 41,548.00 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% 11,782,096.75 557,096.75 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% 6,617,520.00 38,610.00 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% 1,573,224.60 15,581.10 ELI LILLY & COMPANY 8/14/2024 4.200% 8/14/ 2029 532457CQ9 445,000.00 A+ 8/14/ 2024 444,025.45 4.25% 450,215.40 6,189.95 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% 8,802, 937.50 -2,100.00 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% 1,880,626.80 2,393.95 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% 4,923,150.00 14,550.00 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 ,877,000.00 8,456.00 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 % 518,887.50 14,639.95 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 % 621,637.50 10,762.95 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% 4,899,033.50 19,594.00

JPMORGAN CHASE FINANCIAL
CO LLC 4/22/2021 1.578% 4/22/2027 46647PCB0 4,100,000.00 A 8/10/ 2022 3,710,746.00 3.80% 4 ,058,672.00 347,926.00

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 ,885,366.25 210,834.00

JPMORGAN CHASE FINANCIAL
CO LLC 4/22/2024 5.571% 4/22/2028 46647PEE2 5,000,000.00 A 8/9/2024 5,103,350.00 4.95% 5,099,750.00 -3,600.00

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 ,879,042.25 37,120.50

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 ,878,012.50 42,460.00 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 ,393,625.00 -3,937.50 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% 7,276,725.00 386,850.00 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 ,450,550.00 64,654.80 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 ,230,763.00 112,881.45 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 ,209,787.00 64,787.00

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% 4,404,922.20 29,827.80 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% 10,244, 100.00 76,300.00 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% 6,991, 598.25 54,463.50

NOVARTIS FINANCE
CORPORATION 11/5/2025 4.100% 11/5/2030 66989HAY 4 15,630,000.00 AA- 11/5/2025 15,583,110.00 4.17% 15,690,331.80 107,221.80 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% 7,152,740.00 156,660.00 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 ,479,207.00 105,996.00 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% 2,440,261.60 64,260.00 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% 9,477,190.80 225,825.60 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% 4,502,318.85 -65,570.65 TARGET CORP 1/24/2022 1.950% 1/15/ 2027 87612EBM7 990,000.00 A 1/24/ 2022 988,317.00 1.99% 970,031.70 -18,285.30 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 ,805,184.00 214,928.00 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% 6,115, 740.00 61,800.00 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% 3,282, 113.80 67,684.40 Corporate Note Subtotal 268,674,000.00 268,126,740.72 272,249,466.47 4,122,725.75

AMERICAN EXPRESS CREDIT
ACCOUNT MASTER 9/19/2023 5.230% 9/15/2028 02582JKD1 6,170,000.00 AAA 9/19/ 2023 6,169,724.20 5.23% 6 ,235,772.20 66,048.00

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 ,602,887.35 88,826.16 12/11/2025 5:24 PM 4 of 6
Attachment A
City of Santa Clara Monthly Report
11/30/2025
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Se ttle Date Cost Value YTM at Cost Market Value Unrealized G/L BA CREDIT CARD TRUST 12/14/2023 4.980% 11/15/2028 05522RDH8 3,045,000.00 NR 12/14/2023 3,044,591.06 4.98% 3,076,546.20 31,955.14 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 ,314,890.00 64,909.95 BOFA AUTO TRUST 2024-1 11/21/2023 5.740% 6/15/2028 06054YAC 1 4,619,281.67 NR 11/21/2023 4,619,198.06 5.74% 4,665,012.56 45,814.50

CAPITAL ONE MULTI-ASSET
EXECUTION TRUST 9/16/2025 3.820% 9/15/2030 14041NGF2 7,250,000.00 AAA 9/16/ 2025 7,248,625.40 3.82% 7 ,261,382.50 12,757.10

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% 3,282,602.40 27,920.41 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 ,103,455.15 60,130.82 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% 7,669,946.70 66,104.94 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 ,285,759.80 95,944.52

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% 11,629,021.90 147,137.78 FIFTH THIRD AUTO TRUST 8/23/2023 5.530% 8/15/2028 31680EAD 3 3,376,843.93 AAA 8/23/2023 3,376,634.57 5.53% 3,404,365.21 27,730.64

GM FINANCIAL SECURITIZED
TERM AUTO RECE 1/17/2024 4.850% 12/18/ 2028 36268GAD7 720,961.21 NR 1/ 17/2024 720,816.22 4.85% 724,926.50 4,110.28

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% 1,980, 248.40 15,537.65

HYUNDAI AUTO RECEIVABLES
TRUST 2024-C 11/13/2023 5.540% 10/16/2028 44918CAD 4 2,112,697.01 AAA 11/13/2023 2,112,419.19 5.54% 2 ,132,514.11 20,094.92

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% 6,614,150.40 45,119.47

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% 2,850,764.00 26,019.10

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 ,776,347.00 7,288.66

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 ,128,983.10 64,122.53

TOYOTA AUTO RECEIVABLES
OWNER TRUST COM 11/14/2023 5.540% 8/15/2028 89239FAD4 1,512,868.53 AAA 11/14/ 2023 1,512,705.44 5.54% 1 ,528,511.59 15,806.15

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% 4,420,080.00 35,331.26

TOYOTA AUTO RECEIVABLES
O
WNER 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% 4,733,559.35 29,055.26

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 ,969,768.90 65,003.67 Asset-Backed Security Subtotal 115,342,652.34 115,328,726.41 116,391,495.32 1,062,768.91 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 ,571,400.00 71,400.00 Certificate of Deposit Subtotal 7,500,000.00 7,500,000.00 7,571,400.00 71,400.00

PRINCIPAL PUBLIC DEPOSIT
SWEEP PROGRAM 2.100% 12/1/2025 992995944 1,164,037.81 9/1/2020 1,164,037.81 1,164,037.81 -

LOCAL AGENCY INVESTMENT
FUND 4.150% 12/1/2025 6,347,617.66 9/30/1997 6,347,617.66 6,347,617.66 -

CALIFORNIA ASSET
MANAGEMENT PROGRAM 4.260% 12/1/2025 225,575,278.57 10/4/2022 225,575,278.57 225,575,278.57 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 4.290% 12/1/2025 15,000,000.00 8/4/2025 15,000,000.00 15,000,000.00 - 12/11/2025 5:24 PM 5 of 6
Attachment A
City of Santa Clara Monthly Report
11/30/2025
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Se ttle Date Cost Value YTM at Cost Market Value Unrealized G/L

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 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 3.990% 1/5/2026 15,000,000.00 8/4/2025 15,000,000.00 15,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 3.970% 1/20/2026 10,000,000.00 7/25/2025 10,000,000.00 10,000,000.00 -

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 3.910% 2/24/2026 10,000,000.00 8/4/2025 10,000,000.00 10,000,000.00 -

DREYFUS TREASUR
Y 4.030% 12/1/2025 2,464,235.67 10/31/1997 2,464,235.67 2,464,235.67 - Cash Equivalent Subtotal 295,551,169.71 295,551,169.71 295,551,169.71 - Grand Total Count 187 1,480,515,558.33 1,482,877,224.76 1,496,198,578.35 13,321,353.59 *NR = Not Rated by S&P Global. These Asset Backed Securities are rated by Moody's Ratings as Aaa. 12/11/2025 5:24 PM 6 of 6
Attachment A
PAGE 23

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

STATEMENT OF TRANSACTIONS

REALIZED

CASH EQUIVALENTS
11/03/25 INTEREST RECEIVED 2,683.74

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
INTEREST FROM 10/1/25 TO 10/31/25
11/30/25 10,338,450.9 CASH SWEEP PURCHASES FOR STMT PERIOD 10,338,450.90- 10,338,450.90

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
8 TRANSACTIONS
11/30/25 9,238,363.11- CASH SWEEP SALES FOR STMT PERIOD 9,238,363.11 9,238,363.11-

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
3 TRANSACTIONS

BONDS & NOTES
11/06/25 1,435,000 PURCHASED 1,433,765.90- 1,433,765.90 ALPHABET INC 3.875% 11/15/28
CUSIP 02079KAV9
AT $99.9140 ON TRADE DATE 11/03/2025
TO SETTLE ON 11/06/2025
HSBC SECURITIES, INC.
11/17/25 5,725,000 PURCHASED 5,734,331.75- 5,734,331.75 ALPHABET INC 4.100% 11/15/30
CUSIP 02079KAW7
AT $100.1630 ON TRADE DATE 11/17/2025
J.P. MORGAN SECURITIES INC., -
11/17/25 ACCRUED INTEREST ON PURCHASE 7,172.15-
ALPHABET INC 4.100% 11/15/30
CUSIP 02079KAW7
Attachment B
PAGE 24

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/20/25 11,500,000 PURCHASED 11,487,695.00- 11,487,695.00 AMAZON COM INC 4.100% 11/20/30
CUSIP 023135CT1
AT $99.8930 ON TRADE DATE 11/17/2025
TO SETTLE ON 11/20/2025
J.P. MORGAN SECURITIES INC., -
11/17/25 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 11/15/25
11/17/25 INTEREST RECEIVED 26,890.91
AMERICAN EXPRES ABS 5.230% 9/15/28
CUSIP 02582JKD1
$0.00436/PV ON 6,170,000.00 PV
DUE 11/15/25
11/17/25 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 11/15/25
11/17/25 INTEREST RECEIVED 23,998.43
BANK OF AMERICA ABS 5.740% 6/15/28
CUSIP 06054YAC1
$0.00364/PV ON 5,017,092.55 PV
DUE 11/15/25
11/17/25 397,810.88- PAID DOWN 397,810.88 397,803.68- 7.20 BANK OF AMERICA ABS 5.740% 6/15/28
CUSIP 06054YAC1
TO SETTLE ON 11/17/2025
Attachment B
PAGE 25

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/17/25 INTEREST RECEIVED 12,636.75
BK OF AMERICA ABS 4.980% 11/15/28
CUSIP 05522RDH8
$0.00415/PV ON 3,045,000.00 PV
DUE 11/15/25
11/13/25 INTEREST RECEIVED 21,468.75
BRISTOL-MYERS SQUIBB 0.750% 11/13/25
CUSIP 110122DN5
INTEREST ON 5,725,000.000 UNITS
11/13/25 5,725,000- MATURED 5,725,000.00 5,672,673.50- 52,326.50 BRISTOL-MYERS SQUIBB 0.750% 11/13/25
CUSIP 110122DN5
AT $100.0000 ON TRADE DATE 11/13/2025
11/17/25 INTEREST RECEIVED 45,389.03
CAPITAL ONE ABS 3.820% 9/16/30
CUSIP 14041NGF2
$0.00626/PV ON 7,250,000.00 PV
DUE 11/15/25
11/25/25 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 11/25/25
11/17/25 INTEREST RECEIVED 31,858.67
CHASE ISSUANCE ABS 0.000% 7/15/30
CUSIP 161571HZ0
$0.00347/PV ON 9,190,000.00 PV
DUE 11/15/25
11/17/25 INTEREST RECEIVED 29,152.50
CHASE ISSUANCE ABS 4.600% 1/16/29
CUSIP 161571HV9
$0.00383/PV ON 7,605,000.00 PV
DUE 11/15/25
Attachment B
PAGE 26

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/17/25 INTEREST RECEIVED 25,993.50
CHASE ISSUANCE ABS 5.160% 9/15/28
CUSIP 161571HT4
$0.00430/PV ON 6,045,000.00 PV
DUE 11/15/25
11/25/25 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 11/25/25
11/25/25 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 11/25/25
11/25/25 INTEREST RECEIVED 25,586.54
FHLMC CMO V-M 4.421% 5/25/30
CUSIP 3137HN6B9
$0.00368/PV ON 6,945,000.00 PV
DUE 11/25/25
11/25/25 INTEREST RECEIVED 14,289.19
FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
$0.00267/PV ON 5,123,102.76 PV
DUE 11/25/25
11/25/25 10,707.46- PAID DOWN 10,707.46 10,377.87- 329.59 FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
11/25/25 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 11/25/25
Attachment B
PAGE 27

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/25/25 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 11/25/25
11/25/25 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 11/25/25
11/25/25 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 11/25/25
11/25/25 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 11/25/25
11/25/25 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 11/25/25
11/25/25 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 11/25/25
Attachment B
PAGE 28

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/25/25 INTEREST RECEIVED 26,329.54
FHLMC K546 CMO V-M 4.361% 5/25/30
CUSIP 3137HN4R6
$0.00363/PV ON 7,245,000.00 PV
DUE 11/25/25
11/25/25 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 11/25/25
11/25/25 INTEREST RECEIVED 23,835.43
FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
$0.00390/PV ON 5,987,548.93 PV
DUE 11/25/25
11/25/25 6,836.48- PAID DOWN 6,836.48 6,836.31- 0.17
FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
11/25/25 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 11/25/25
11/17/25 INTEREST RECEIVED 16,861.54
FIFTH THIRD AUT ABS 5.530% 8/15/28
CUSIP 31680EAD3
$0.00320/PV ON 3,658,923.10 PV
DUE 11/15/25
11/17/25 282,079.17- PAID DOWN 282,079.17 282,061.68- 17.49 FIFTH THIRD AUT ABS 5.530% 8/15/28
CUSIP 31680EAD3
TO SETTLE ON 11/17/2025
Attachment B
PAGE 29

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/25/25 INTEREST RECEIVED 54,505.33
FNMA SER M6 CMO V-M 4.190% 7/25/28
CUSIP 3136BQDE6
$0.00349/PV ON 15,610,115.73 PV
DUE 11/25/25
11/25/25 1,487.2- PAID DOWN 1,487.20 1,444.61- 42.59
FNMA SER M6 CMO V-M 4.190% 7/25/28
CUSIP 3136BQDE6
11/17/25 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 11/16/25
11/17/25 INTEREST RECEIVED 3,101.95
GM FINANCIAL ABS 4.850% 12/18/28
CUSIP 36268GAD7
$0.00381/PV ON 767,491.81 PV
DUE 11/16/25
11/17/25 46,530.6- PAID DOWN 46,530.60 46,521.24- 9.36
GM FINANCIAL ABS 4.850% 12/18/28
CUSIP 36268GAD7
TO SETTLE ON 11/17/2025
11/21/25 INTEREST RECEIVED 236,862.50
GOLDMAN SACHS BK 5.414% 5/21/27
CUSIP 38151LAG5
INTEREST ON 8,750,000.000 UNITS
11/17/25 INTEREST RECEIVED 18,656.33
HYUNDAI AUTO ABS 3.880% 4/15/30
CUSIP 44935JAD8
$0.00323/PV ON 5,770,000.00 PV
DUE 11/15/25
Attachment B
PAGE 30

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/17/25 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 11/15/25
11/17/25 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 11/15/25
11/17/25 INTEREST RECEIVED 10,476.60
HYUNDAI AUTO REC ABS 5.540% 10/16/28
CUSIP 44918CAD4
$0.00414/PV ON 2,269,299.41 PV
DUE 11/15/25
11/17/25 156,602.4- PAID DOWN 156,602.40 156,581.81- 20.59 HYUNDAI AUTO REC ABS 5.540% 10/16/28
CUSIP 44918CAD4
TO SETTLE ON 11/17/2025
11/17/25 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 11/15/25
11/26/25 INTEREST RECEIVED 254,560.00
MORGAN STAN BK V-D 5.504% 5/26/28
CUSIP 61690U8B9
INTEREST ON 9,250,000.000 UNITS
11/20/25 INTEREST RECEIVED 395,387.50
NATIONAL SECS CLEAR 4.700% 5/20/30
CUSIP 637639AQ8
INTEREST ON 16,825,000.000 UNITS
Attachment B
PAGE 31

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/05/25 15,630,000 PURCHASED 15,583,110.00- 15,583,110.00 NOVARTIS CAPITAL 4.100% 11/05/30
CUSIP 66989HAY4
AT $99.7000 ON TRADE DATE 11/03/2025
TO SETTLE ON 11/05/2025
J.P. MORGAN SECURITIES INC., -
11/20/25 INTEREST RECEIVED 150,000.00
NOVARTIS CAPITAL COR 3.000% 11/20/25
CUSIP 66989HAJ7
INTEREST ON 10,000,000.000 UNITS
11/20/25 10,000,000- MATURED 10,000,000.00 9,638,600.00- 361,400.00 NOVARTIS CAPITAL COR 3.000% 11/20/25
CUSIP 66989HAJ7
AT $100.0000 ON TRADE DATE 11/20/2025
11/17/25 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 11/15/25
11/17/25 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 11/15/25
11/17/25 INTEREST RECEIVED 7,440.71
TOYOTA AUTO REC ABS 5.540% 8/15/28
CUSIP 89239FAD4
$0.00431/PV ON 1,611,706.49 PV
DUE 11/15/25
Attachment B
PAGE 32

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/17/25 98,837.96- PAID DOWN 98,837.96 98,827.31- 10.65 TOYOTA AUTO REC ABS 5.540% 8/15/28
CUSIP 89239FAD4
TO SETTLE ON 11/17/2025
11/20/25 6,500,000- SOLD 6,471,308.59 6,478,329.41- 7,020.82- U.S. TREASURY NOTES 3.625% 9/30/30
CUSIP 91282CPA3
AT $99.5586 ON TRADE DATE 11/17/2025
TO SETTLE ON 11/20/2025

CITIGROUP GBL MKTS/SALOMON BRO
11/20/25 ACCRUED INTEREST ON SALE 33,013.39
U.S. TREASURY NOTES 3.625% 9/30/30
CUSIP 91282CPA3
11/05/25 16,575,000- SOLD 16,698,017.58 16,642,138.98- 55,878.60 U.S. TREASURY NOTES 4.375% 12/15/26
CUSIP 91282CJP7
AT $100.7422 ON TRADE DATE 11/04/2025
TO SETTLE ON 11/05/2025
RBC DAIN RAUSCHER INC.
11/05/25 ACCRUED INTEREST ON SALE 283,326.08
U.S. TREASURY NOTES 4.375% 12/15/26
CUSIP 91282CJP7
11/17/25 INTEREST RECEIVED 393,300.00
U.S. TREASURY NOTES 4.500% 5/15/27
CUSIP 91282CKR1
INTEREST ON 17,480,000.000 UNITS
11/20/25 7,250,000 PURCHASED 7,631,474.61- 7,631,474.61 U.S. TREASURY NOTES 4.875% 10/31/30
CUSIP 91282CJG7
AT $105.2617 ON TRADE DATE 11/19/2025
TO SETTLE ON 11/20/2025
MORGAN STANLEY & CO.

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 33

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/20/25 ACCRUED INTEREST ON PURCHASE 19,526.93-
U.S. TREASURY NOTES 4.875% 10/31/30
CUSIP 91282CJG7
11/17/25 INTEREST RECEIVED 292,950.00
US TREASURY BOND 5.250% 11/15/28
CUSIP 912810FF0
INTEREST ON 11,160,000.000 UNITS
11/17/25 INTEREST RECEIVED 94,937.50
US TREASURY BOND 6.125% 11/15/27
CUSIP 912810FB9
INTEREST ON 3,100,000.000 UNITS
11/17/25 INTEREST RECEIVED 64,125.00
US TREASURY NOTE 2.375% 5/15/27
CUSIP 912828X88
INTEREST ON 5,400,000.000 UNITS
11/20/25 INTEREST RECEIVED 25,893.75
VOLKSWAGEN AUTO ABS 4.500% 8/20/29
CUSIP 92868MAD1
$0.00375/PV ON 6,905,000.00 PV
DUE 11/20/25
11/25/25 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 11/25/25
================================================================================================================= ENDING BALANCE 0.00 1,188,490,092.86
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Attachment B

City Council and Authorities ConcurrentJanuary 27, 2026

City Council and Authorities Concurrent
January 27, 2026