ITEM STATUS:
APPROVED: ☐
DENIED: ☐
TABLED: ☐
DIRECTION GIVEN: ☐
____________________________
City Clerk, Maribel Garcia
designated portions of the facility for administrative operations, meetings, volunteer coordination, outreach activities, and related lawful activities consistent with its mission.
The proposed License Agreement would allow The American Legion to utilize specific designated areas within the facility, as identified in Exhibit “A” of the Agreement, on a non-exclusive basis and subject to all City rules, policies, and operational requirements.
ANALYSIS
The proposed Agreement establishes the terms and conditions for The American Legion’s use of designated portions of the facility located at 12131 Telegraph Road. The Agreement includes operational requirements, insurance and indemnification provisions, compliance with City policies and applicable laws, and background check requirements for personnel and volunteers. The Agreement also preserves the City’s authority to oversee facility use, inspect the premises, and terminate the Agreement in accordance with its provisions.
ENVIRONMENTAL
N/A
DISCUSSION
Approval of the proposed Agreement will allow The American Legion to operate from portions of the facility located at 12131 Telegraph Road while ensuring that the City maintains operational oversight and protections through clearly established terms and conditions. The Agreement supports continued activation and productive use of the facility while providing services and resources that benefit veterans and the broader community.
SUMMARY/NEXT STEPS
Upon City Council approval, the Agreement will be executed and staff will coordinate implementation, facility access, operational scheduling, and compliance documentation prior to occupancy.
ATTACHMENT(S):
A. Agreement
License Agreement No. 2026-002
1 rev. 10/25
DEPARTMENT OF PARKS & RECREATION
2026
LICENSE AGREEMENT FOR
FACILITIES AND EQUIPMENT
THIS LICENSE AGREEMENT AGREEMENT dated as of this 12th day of May, 2026 EFFECTIVE DATE , by and between the CITY OF SANTA FE SPRINGS, a California CITY the Los Angeles County
Council American Legion, a non-profit organization organized and existing in the State of California (hereinafter referred to as ORGANIZATION CITY and ORGANIZATION may
RECITALS
WHEREAS, CITY owns a 2.33-acre property inclusive of a 42,170 square foot building located at 12131 Telegraph Road SUBJECT FACILITY ; and WHEREAS, i - being of Veterans, active duty military personnel, survivors, and their families by allowing the ORGANIZATION to utilize space at the SUBJECT FACILITY for Veteran related services, survivor support services, educational assistance, and community benefit purposes; and
WHEREAS, the CITY desires to partner with an organization dedicated to serving Veterans and their families through advocacy, support programs, community outreach, educational resources, and activities that promote patriotism, civic engagement, and the welfare of the Veteran community; and
WHEREAS, the ORGANIZATION is a congressionally chartered nonprofit Veteran service organization committed to assisting Veterans, active-duty military personnel, survivors, and dependents through programs and services related to Veteran benefits, survivor benefits, education benefits, mentorship, community support, and related assistance programs; and
WHEREAS, the ORGANIZATION works to strengthen the Veteran community through volunteerism, camaraderie, advocacy, memorial activities, youth engagement, scholarship opportunities, and partnerships that support the health, welfare, and quality of life of Veterans and their families; and
WHEREAS, the ORGANIZATION provides educational and informational resources regarding federal, state, and local Veteran benefits, including educational assistance programs, survivor support services, claims assistance, and access to License Agreement No. 2026-002
2 rev. 10/25
community resources available to Veterans and their dependents; and WHEREAS, the SUBJECT FACILITY is equipped with appropriate amenities and spaces suitable for hosting Veteran support programs, educational workshops, community meetings, outreach events, administrative functions, and related activities consistent with the mission and objectives of both the CITY and the ORGANIZATION, including office space, meeting areas, parking areas, electrical power, lighting, restrooms, WHEREAS, the ORGANIZATION desires to utilize the SUBJECT FACILITY to provide Veteran support services, educational programming, survivor assistance services, community outreach, patriotic and memorial activities, and related administrative and community services to the public, subject to the terms and conditions WHEREAS, the CITY finds that the ORGANIZATION's Permitted Use of the SUBJECT FACILITY shall be subject to a nominal rental
month; and
WHEREAS, the CITY further finds that the
SUBJECT FACILITY at .00 does not
constitute a gift of public funds within the meaning of Article XVI, Section 6 of the California Constitution, because it serves a valid public purpose in that it expands access to Veteran support services, educational programming, survivor assistance, and community outreach activities that advance the health, welfare, and quality of life of Veterans, active duty military personnel, survivors, and their families within the CITY; and WHEREAS, the CITY further finds that the programs and services to be provided by the ORGANIZATION at the SUBJECT FACILITY will confer direct and tangible benefits upon the public, including Veteran service members in the surrounding community and the CITY's residents generally, thereby advancing the general well-being of the CITY and its residents; and
WHEREAS, the et seq.)
entering of a lease for a term of fifteen (15) years or less, inclusive of any extension or renewal options, is not considered a disposition for purposes of the Surplus Lands Act and is therefore not subject to its requirements; and
WHEREAS, this AGREEMENT grants ORGANIZATION a non-exclusive license to use the Property for the Permitted Use, subject to the terms and conditions set forth herein, which shall not exceed 15 years, inclusive of any extension or renewal options, and therefore is not a disposition of land by sale or lease as defined therein, and is not otherwise subject to the requirements of the Surplus Lands Act; and WHEREAS, this AGREEMENT was approved by the Santa Fe Springs City Council at its Regular Meeting of June 2, 2026, through the approval of Agenda Item No.
30. License Agreement No. 2026-002
3 rev. 10/25
AGREEMENT
NOW THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS AND
CONDITIONS CONTAINED HEREIN, THE PARTIES DO HEREBY AGREE AS FOLLOWS:
1. INCOPORATION OF RECITALS
The Recitals of fact set forth above are true and correct and are incorporated into this AGREEMENT, in their entirety, by this reference.
2. TERM OF AGREEMENT
This AGREEMENT shall commence as of the EFFECTIVE DATE and remain in effect through August 31, 2026
convenience or for cause as provided under Article 5 (Default, Cure and Termination), below. The Term of this AGREEMENT may be extended for up to an additional twentyfour (24) one- (1) month periods upon mutual agreement of the PARTIES. Any extension of the Term of this AGREEMENT may be administratively approved by the City Manager or designee and executed in writing by both PARTIES. Notwithstanding the above, this AGREEMENT shall become effective ( upon ORGANIZATION
having satisfied the requirements for insurance outlined in Section 11, completed background checks on all employees, subcontractors, and volunteers pursuant to Section 8, and until both PARTIES have duly executed this AGREEMENT.
3. USE OF PREMISES
A. CITY grants ORGANIZATION the right to use the SUBJECT FACILITY, limited to the use of the rooms and non-exclusive use of the shared spaces identified in for use by TENANT PREMISES ; subject
to the requirements B C subject to the terms and conditions of this AGREEMENT.
B. of the SUBJECT FACILITY is subject to compliance
the procedures, rules, and requirements set forth in the following exhibits attached to this AGREEMENT and incorporated herein by this reference:
Exhibit A : Site Plan
Exhibit B : Facility Use Procedure and Rules
Exhibit C : Facility Reservation and Use Policy ( FRUP ) The foregoing procedures, rules, and requirements contained in Exhibits A-C are subject to revision from time to time by the CITY, at its sole election. CITY shall provide a copy of any revised exhibits to ORGANIZATION and such revised exhibit shall govern and replace the attached and be incorporated herein.
License Agreement No. 2026-002
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C. ORGANIZATION shall not permit use of the SUBJECT FACILITY or any part thereof that results in:
1. Conduct that is threatening, disruptive, indecent, or that violates SFSMC Section 130.04 (Unlawful Conduct within City Facilities and City Parks);
2. Any activity that endangers the health, safety, and/or welfare of the community;
3. The creation or maintenance of a public nuisance;
4. Anything which fails to comply with all local, state, and federal laws and regulations related to the use of the SUBJECT FACILITY; or
5. Any activity which will obstruct, interfere with or infringe upon the rights of adjoining properties.
D. se of the SUBJECT FACILITY shall be solely limited to the Permitted Use, subject to obtaining all permits and approvals required for the Permitted Use contemplated under this AGREEMENT.
E. ORGANIZATION is fully responsible for the maintenance of the SUBJECT FACILITY and appurtenant facilities in a clean, safe, sanitary, and orderly condition at all times during the Term of this Agreement.
4. FEES
A. Prior to t s use of the SUBJECT FACILITY under this
AGREEMENT, ORGANIZATION shall pay the monthly rental fee of ONE DOLLAR Rental Fee on or before the 5th of every subsequent month this AGREEMENT is still in effect. ORGANIZATION will also be separately responsible for maintenance and utility costs attributable to its use of the SUBJECT FACILITY..
B.
AGREEMENT, ORGANIZATION shall provide CITY with valid credit card authorization permitting the CITY to charge the credit card for costs incurred by CITY as a result of ORGANIZATION PREMISES in
accordance with Section 9(C). Such costs may include cleaning, repair, replacement, or restoration of damage for any such costs.
5. DEFAULT, CURE AND TERMINATION
A. Default and Cure Procedures. Except as otherwise set forth in this AGREEMENT, in the event either PARTY fails to perform its obligations or comply with the terms hereunder, the non-defaulting PARTY shall provide the defaulting PARTY written notice of such default. The defaulting PARTY shall have fifteen (15) days to cure the default; provided that, if the default cannot reasonably be cured within said fifteen (15) day period, the defaulting PARTY shall have a reasonable time to cure the default, not to exceed a maximum of thirty (30) days, so long as the defaulting PARTY commences to cure such default within ten (10) days of service of such notice and diligently prosecutes License Agreement No. 2026-002
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the cure to completion; provided further that if the default is an immediate risk to the health, safety and general welfare, the defaulting PARTY shall take such immediate action as may be necessary to mitigate the risk. Notwithstanding the foregoing, the nondefaulting PARTY may, in its sole and absolute discretion, grant a longer cure period.
Should the defaulting PARTY fail to cure the default within the time period provided in this Section, the non-defaulting PARTY shall have the right, in addition to any other rights the non-defaulting PARTY may have at law or in equity, to terminate this AGREEMENT.
Compliance with the provisions of this Section shall be a condition precedent to bringing any legal action, and such compliance shall not be a waiver of any PARTY 's right to take legal action in the event that the default is not cured.
B. Waivers. No delay or omission in the exercise of any right or remedy by a non-defaulting PARTY on any default shall impair such right or remedy or be construed as a waiver. A s consent to or approval of any act by any other PARTY requiring s consent or approval shall not be deemed to waive or render unnecessary s consent to or approval of any subsequent act. Any waiver by any PARTY of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this AGREEMENT.
6. LEGAL COMPLIANCE
ORGANIZATION shall comply with all City, State and Federal laws, ordinances and regulations, which in any manner affect the performance of its activities pursuant to this AGREEMENT, at all times. Neither CITY, nor its officers, officials, volunteers, attorneys, agents or employees, shall be liable at law or in equity as a result of ORGANIZATION's failure to comply with this Section.
7. NO EXCLUSIVE RIGHT
Except as expressly provided in this AGREEMENT, ORGANIZATION expressly acknowledges and agrees this AGREEMENT does not give the ORGANIZATION any right to the exclusive use of the SUBJECT FACILITY, restrooms, or any other CITY facility.
8. A. ORGANIZATION agrees to observe all rules and regulations as set forth in this AGREEMENT.
B. Personnel.
1. The ORGANIZATION shall provide the necessary personnel to supervise and conduct the activities at the SUBJECT FACILITY as set forth in this AGREEMENT and shall furnish and supply any and all equipment and material(s), which may be necessary for such activities conducted at the SUBJECT FACILITY. The CITY is not required to provide supervision but may at its sole discretion require ORGANIZATION to provide a certain number of security officers and/or License Agreement No. 2026-002
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personnel as it deems necessary. The CITY may also order the removal of individuals from the SUBJECT FACILITY during the activities if their conduct violates CITY policies, is not in the best interest of the public, or is deemed to be detrimental in any way by City staff.
2. Prior to the EFFECTIVE DATE, ORGANIZATION shall provide completed City Volunteer Applications for any volunteer that performs any type of work in connection with this AGREEMENT.
3. Prior to the EFFECTIVE DATE, ORGANIZATION shall complete LiveScan fingerprinting background checks on all personnel, including employees, subcontractors, and volunteers. When the activities involve participation by minors, ORGANIZATION shall not hire an employee, contractor, or volunteer with a history of criminal convictions as specified in California Public Resources Code Section 5164(a)(2).
ORGANIZATION shall comply with all applicable state laws governing services provided by youth services organizations.
C. Maintenance.
1. ORGANIZATION shall, at its sole cost and expense, maintain the SUBJECT FACILITY and all appurtenant facilities arising from tear excepted, and shall return the PREMISES and appurtenant facilities to CITY in substantially the same condition as existed prior to
2. ORGANIZATION is responsible for cleaning areas used, including trash produced by ORGANIZATION.
3. Any damage to the SUBJECT FACILITY or appurtenant CITY facilities caused by ORGANIZATION or its use of the SUBJECT FACILITY, shall responsibility to replace or repair, as further
delineated in this Section. In the event ORGANIZATION fails or refuses to replace or repair damage, CITY may cause such replacement and/or repair to be undertaken, and ORGANIZATION agrees to reimburse CITY for the costs incurred to do so.
4. ORGANIZATION is responsible for providing and maintaining all necessary equipment.
5. In the event ORGANIZATION fails to maintain the SUBJECT FACILITY or otherwise causes SUBJECT FACILITY or appurtenant CITY facilities to be damaged or unclean and the ORGANIZATION fails or refuses to clean or replace or repair the damage, the CITY shall elect to bill the ORGANIZATION for any fees incurred as a result of the same, charge the credit card provided by ORGANIZATION pursuant to Section 4(B) for any such costs. ORGANIZATION shall be fully responsible for maintenance costs under this Agreement. The
obligations and responsibilities under this Section shall survive the expiration or termination of this AGREEMENT. All invoices shall be paid within thirty (30) days of receipt.
License Agreement No. 2026-002
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D. Modifications to Subject Facility. The removal, modification, alteration, painting, or addition to any facility or grounds, and construction of any kind to existing structures is strictly prohibited, unless ORGANIZATION receives prior written approval from CITY. This includes any proposed changes, alterations of the design or appearance of the existing landscape and/or façade(s) of the SUBJECT FACILITY, installation of fences, and/or permanent markings to athletic fields. Any requests shall be submitted for approval to the CITY in writing, at least sixty (60) days prior to the date of any proposed changes All
improvements, alterations and additions to the SUBJECT FACILITY or surrounding grounds shall become the sole property of CITY
discretion. ORGANIZATION acknowledges and agrees that it may be invoiced by the CITY to pay all costs and restore the SUBJECT FACILITY to its unmodified condition prior to engaging in the unauthorized modifications. Nothing in this Section shall be interpreted as prohibiting the normal maintenance of the SUBJECT FACILITY by the ORGANIZATION as specified in this Section.
E. Advertising Materials. ORGANIZATION is prohibited from placing advertising material on SUBJECT FACILITY. For advertising materials and information relating to the activities permitted under this AGREEMENT, ORGANIZATION shall seek CITY approval in writing prior to posting and dissemination on or at the SUBJECT FACILITY.
F. All locks must be standard CITY locks and must not be replaced by any other lock.
G. ORGANIZATION is solely responsible for supervising and controlling all individuals at the SUBJECT FACILITY during the use of the SUBJECT FACILITY. This includes, but is not limited to, employees, agents, volunteers, participants, (collectively CITY is not responsible for providing this supervision or for the acts of the ORGANIZATION GROUP or any member thereof. However, CITY may evict any ORGANIZATION GROUP individual from the SUBJECT FACILITY if their conduct is in . H. ORGANIZATION shall not permit behavior or activity that is determined to be unsafe, unlawful, or a violation of ordinances or Facility Reservation and Use Policy (Exhibit ). Rule violators may be required to vacate the SUBJECT FACILITY or may be subject to arrest.
9. NOTICES
Except as otherwise expressly provided in this AGREEMENT, all notices permitted or required under this AGREEMENT shall be given to the respective PARTIES must be in writing and may be given personally, by registered or certified mail (return receipt requested), Federal Express, UPS or other similar couriers. If notice is personally delivered, the notice shall be deemed to have been given and received on the date notice was given. If given by registered or certified mail, such notice or communication shall be deemed to have been given and received three (3) days after the notice is deposited in the United States mail. If notice is given by Federal Express, UPS, or similar courier, a License Agreement No. 2026-002
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notice or communication shall be deemed to have been given and received on the date delivered, as shown on the receipt issued by the courier. Notice shall be provided to the following addresses:
TO CITY: City of Santa Fe Springs
Department of Parks & Recreation
11740 Telegraph Road
Santa Fe Springs, CA 90670
Attn: Gus Hernandez,
Director of Parks & Recreation
COURTESY COPY TO: Olivarez Madruga Law Organization, LLP 500 S. Grand Avenue,12th Floor
Los Angeles, CA 90071
Attn: Paloma McEvoy,
Assistant City Attorney
TO ORGANIZATION: The American Legion
11301 Wilshire Blvd.
Bldg. 500, RM 1613
Los Angeles, CA 90073
Attn: Steve V. Ramirez,
Director of Veteran Service Officers
10. ASSIGNMENT
The capability, reputation and mission of the ORGANIZATION are a substantial inducement for the CITY to enter into this AGREEMENT. Neither this AGREEMENT nor any interest, duties, rights or obligations under this AGREEMENT, or portion thereof, may be transferred, conveyed, or assigned by ORGANIZATION, either voluntarily or by operation of law without the express written consent of CITY. An unauthorized assignment or transfer or any attempted or purported assignment or transfer in violation of this Section shall be null and void and constitute a material breach of this AGREEMENT. The CITY shall have the right to immediately terminate this AGREEMENT upon notice to ORGANIZATION, without providing the notice and cure provisions in Section 5.
11. INSURANCE
A. ORGANIZATION shall maintain insurance throughout the term of this AGREEMENT in conformance with the requirements set forth below. ORGANIZATION will use existing coverage to comply with these requirements. If that existing coverage does not meet the requirements set forth herein, ORGANIZATION agrees to amend, supplement or endorse the existing coverage to do so.
B. ORGANIZATION shall provide the following types and amounts of insurance:
License Agreement No. 2026-002
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1. Commercial General Liability Insurance: ORGANIZATION shall maintain commercial general liability insurance which shall be written on an occurrence form at least as broad as ISO CG 00 01, and include coverage for premises and operations, products and completed operations, independent contractors, vendors, personal injury, and contractual liability. The limits of ORGANIZATION
apply to this AGREEMENT as if set forth herein, but in no event shall provide combined single limits of coverage of not less than Two Million Dollars ($2,000,000) per occurrence, Four Million Dollars ($4,000,000) general aggregate, for bodily injury, personal injury, and property damage. Coverage shall be primary and non-contributory to any insurance or self-insurance maintained by the CITY, and shall contain a waiver of subrogation in favor of the CITY. Amendments to contractual liability are not permitted. There shall be no cross-liability exclusion for claims or suits by one insured against another.
2. Automobile Liability Insurance: Automobile Liability insurance covering owned, hired, non-owned, and rented vehicles, with a limit of not less than Five Million Dollars ($5,000,000) combined single limit per accident for bodily injury and property damage.
3. :
Compensation limits as required by the State of California, and One Million Dollars
($1,000,000) per accident, disease, or employee. Coverage shall include a waiver of subrogation endorsement in favor of the CITY and its officers, officials, employees, and volunteers.
4. Sexual Abuse and Molestation Coverage: ORGANIZATION shall procure and maintain Sexual Abuse and Molestation Liability coverage in an amount not less than One Million Dollars ($1,000,000) per occurrence, Two Million Dollars ($2,000,000) general aggregate. This coverage may be part of commercial general liability coverage, professional liability coverage, or a separate policy.
5. Liquor Liability Insurance: ORGANIZATION shall maintain Liquor Liability insurance in an amount not less than One Million Dollars ($1,000,000) per occurrence, Two Million Dollars ($2,000,000) general aggregate.
C. General Insurance Requirements.
1. Insurance procured pursuant to these requirements shall be written by insurers that are admitted carriers in the state of California and with an - or better and a minimum financial size VII, and
shall comply with the following:
2. ORGANIZATION agrees to have its insurer endorse the third-party License Agreement No. 2026-002
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general liability coverage required herein to include as additional insured CITY, its officials, employees and agents, using standard ISO endorsement No. CG 2010 with an edition prior to 1992 or similarly worded endorsement. ORGANIZATION also agrees to require all contractors, and subcontractors to do likewise.
3. No liability insurance coverage provided to comply with this AGREEMENT shall prohibit ORGANIZATION, or ORGANIZATION s employees, or agents, from waiving the right of subrogation prior to a loss. ORGANIZATION agrees to waive subrogation rights against CITY regardless of the applicability of any insurance proceeds, and to require all contractors and subcontractors to do likewise.
4. All insurance coverage and limits provided by ORGANIZATION and available or applicable to this AGREEMENT are intended to apply to the full extent of the policies. Nothing contained in this AGREEMENT or any other agreement relating to CITY or its operations limits the application of such insurance coverage.
5. Umbrella or Excess Liability insurance may be used to meet the aboverequired liability limits.
6. None of the coverage required herein will be in compliance with the requirements of this AGREEMENT if they include any limiting endorsement of any kind that has not been first submitted to CITY and approved of in writing.
7. No liability policy shall contain any provision or definition that would serve to eliminate so- thirdany exclusion for bodily injury to an employee of the insured or of any contractor or subcontractor.
8. All coverage types and limits required are subject to approval, modification and additional requirements by CITY, at its sole election.
ORGANIZATION shall not make any reductions in scope of coverage (e.g., elimination of contractual liability or reduction of discovery period) that may affect CITY CITY
9. Proof of compliance with these insurance requirements, consisting of certificates of insurance evidencing all of the coverage required and an additional insured endorsement to ORGANIZATION
policy, shall be delivered to CITY at or prior to the execution of this AGREEMENT. In the event such proof of any insurance is not delivered as required, or in the event such insurance is canceled at any time and no replacement coverage is provided, CITY has the right, but not the duty, to obtain any insurance it deems necessary to protect its interests under this or any other agreement and to pay the premium or otherwise terminate this AGREEMENT. Any premium so paid by CITY shall be charged to and promptly paid by ORGANIZATION or deducted from License Agreement No. 2026-002
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sums due ORGANIZATION, at CITY . 10. Certificate(s) are to reflect that the insurer will provide 30 days written notice to CITY of any cancellation of coverage. ORGANIZATION agrees to require its insurer to modify such certificates to delete any exculpatory wording stating that failure of the insurer to mail written notice of opposed to being required) to comply with the requirements of the certificate.
11. It is acknowledged by the parties of this AGREEMENT that all insurance coverage required to be provided by ORGANIZATION or any subcontractor, is intended to apply first and on a primary, noncontributing basis in relation to any other insurance or self-insurance available to CITY. ORGANIZATION shall ensure that each policy of insurance required herein reflects this AGREEMENT and is written into each policy.
12. ORGANIZATION agrees to ensure that its sub-consultants, subcontractors, and any other party involved with the project who is brought onto or involved in the project by ORGANIZATION, provide the same minimum insurance coverage required of ORGANIZATION.
ORGANIZATION agrees to monitor and review all such coverage and assumes all responsibility for ensuring that such coverage is provided in conformity with the requirements of this Section.
13. ORGANIZATION agrees not to self-insure or to use any self-insured retentions or deductibles on any portion of the insurance required herein.
If ORGANIZATION -
insured retention, the deductible or self-insured retention must be declared to CITY. At that time CITY shall review options with ORGANIZATION, which may include reduction or elimination of the deductible or self-insured retention, substitution of other coverage, or other solutions. To the extent CITY agrees to any deductible or selfinsured retention under any policy required under this AGREEMENT to which CITY is named as an additional insured, ORGANIZATION shall be required to modify the policy to permit CITY to satisfy the deductible or self-insured retention in the event ORGANIZATION is unable or unwilling to do so as a means to ensure CITY can avail itself to the coverage provided under each policy.
14. CITY reserves the right at any time during the term of the contract to change the amounts and types of insurance required by giving ORGANIZATION ninety (90) days advance written notice of such change. If such change results in substantial additional cost to ORGANIZATION, CITY will negotiate additional compensation proportional to the increased benefit to CITY.
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15. For purposes of applying insurance coverage only, this AGREEMENT will be deemed to have been executed immediately upon any party hereto taking any steps that can be deemed to be in furtherance of or towards performance of this AGREEMENT.
16. ORGANIZATION acknowledges and agrees that any actual or alleged failure on the part of CITY to inform ORGANIZATION of non-compliance with any insurance requirement in no way imposes any additional obligations on CITY nor does it waive any rights hereunder in this or any other regard.
17. ORGANIZATION will renew the required coverage annually as long as CITY, or its employees or agents face an exposure from operations of any type pursuant to this AGREEMENT. This obligation applies whether or not the AGREEMENT is canceled or terminated for any reason.
Termination of this obligation is not effective until CITY executes a written statement to that effect.
18. ORGANIZATION shall provide proof that policies of insurance required herein expiring during the term of this AGREEMENT have been renewed or replaced with other policies providing at least the same coverage and upon the same terms and conditions herein. Proof that such coverage has been ordered shall be submitted prior to expiration. A coverage binder or letter from ORGANIZATION
acceptable. A certificate of insurance and/or additional insured endorsement as required in these specifications applicable to the renewing or new coverage must be provided to CITY within five days of the expiration of the coverage.
19. Requirements of specific coverage features or limits contained in this Section are not intended as limitations on coverage, limits or other requirements, or as a waiver of any coverage normally provided by any given policy. Specific reference to a given coverage feature is for purposes of clarification only as it pertains to a given issue, and is not intended by any party or insured to be limiting or all-inclusive.
20. These insurance requirements are intended to be separate and distinct from any other provision in this AGREEMENT and are intended by the parties here to be interpreted as such.
21. The requirements in this Section supersede all other sections and provisions of this AGREEMENT to the extent that any other section or provision conflicts with or impairs the provisions of this Section.
22. ORGANIZATION agrees to be responsible for ensuring that no contract used by any party involved in any way with the project reserves the right to charge CITY or ORGANIZATION for the cost of additional insurance coverage required by this AGREEMENT. Any such provisions are to be License Agreement No. 2026-002
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deleted with reference to CITY. It is not the intent of CITY to reimburse any third-party for the cost of complying with these requirements. There shall be no recourse against CITY for payment of premiums or other amounts with respect thereto.
D. ORGANIZATION agrees to provide immediate notice to CITY of any claim or loss against ORGANIZATION arising out of the work performed under this AGREEMENT. CITY assumes no obligation or liability by such notice, but has the right (but not the duty) to monitor the handling of any such claim or claims if they are likely to involve CITY.
12. INDEMNIFICATION
ORGANIZATION shall indemnify, defend, and hold harmless CITY, its City Council, each member thereof, present and future, members of boards and commissions, its officers, officials, agents, employees, consultants and volunteers from and against any and all liability, claims, allegations, obligations, judgments, losses, expenses, including defense costs and legal fees, and claims for damages whatsoever, including, but not limited to, those arising from breach of contract, bodily injury, economic loss, death, illness, personal injury, property damage, loss of use, or property loss however the same may be caused and regardless of the responsibility for negligence. ORGANIZATION indemnify, defend and hold harmless includes, but is not limited to, any liability or expense, including defense costs and reasonable fees, arising from or relating in any way to ORGANIZATION SUBJECT FACILITY. It is further agreed,
ORGANIZATION
the event of concurrent active or passive negligence on the part of CITY, its City Council, each member thereof, present and future, or its officers, officials, agents, employees, and volunteers except for liability resulting from the sole negligence or willful misconduct of CITY, its officers, employees or agents relating to ORGANIZATION SUBJECT FACILITY under this AGREEMENT. In the event CITY, its officers, employees, agents and/or volunteers are made a party to any action, lawsuit, or other adversarial proceeding arising from the use encompassed by this AGREEMENT, and upon demand by CITY, ORGANIZATION shall have an immediate duty to defend CITY at ORGANIZATION CITY CITY for its costs of defense,
including reasonable attorneys fees and costs incurred in the defense of such matters.
ORGANIZATION waives any right of recovery against CITY, its City Council, each member thereof, present and future, members of boards and commissions, its officers, officials, agents, employees and volunteers for indemnification, contribution, or declaratory relief
SUBJECT FACILITY. Notwithstanding anything to the contrary in this AGREEMENT, the obligations and responsibilities under this Section shall survive the expiration or termination of this AGREEMENT.
13. RISK OF LOSS
A. CITY shall not be responsible for loss or damage to property, material, or equipment belonging to ORGANIZATION, its agents, employees, volunteers, suppliers, or anyone directly or indirectly employed by ORGANIZATION during the License Agreement No. 2026-002
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FACILITY. ORGANIZATION waives any right of
recovery against the CITY, its City Council, each member thereof, present and future, members of boards and commissions, its officers, officials, agents, employees and volunteers for fires, floods, earthquakes, civil disturbances, regulation of any public authority, and other causes beyond their control. ORGANIZATION shall not charge .
B. ORGANIZATION shall report any personal injuries or illnesses or property damage arising at any time during and/or arising out of or in any way connected with FACILITY and adjoining property to
CITY in writing and as soon as practicable, but in no event not less than 72 hours after occurrence.
14. INSPECTION A. ORGANIZATION acknowledges and agrees that it is accepting and using the PREMISES - been provided a reasonable opportunity to inspect the PREMISES prior to its use and to identify any defects and/or hazards that may pose a danger to any member of the ORGANIZATION GROUP and/or any other individual who is at the PREMISES as part of PREMISES.
B. ORGANIZATION shall inspect the PREMISES prior to each use to ensure that it is free from any defects and/or hazards and shall immediately notify CITY of any defect or hazard identified so that the CITY has reasonably sufficient time to warn others and/or mitigate PREMISES.
ORGANIZATION agrees that should it fail to conduct any such inspection and/or fail to timely notify CITY of any defect or hazard identified, ORGANIZATION shall be solely responsible for any damage or injury, whether to persons or property, arising from the defect or hazard at the PREMISES.
C. CITY shall have the right to enter any portion of the SUBJECT FACILITY hereunder as needed. However, ORGANIZATION expressly acknowledges and agrees that CITY CITY
to inspect the SUBJECT FACILITY for defects or hazards under this Section or this AGREEMENT.
15. INDEPENDENT CONTRACTOR
Neither the CITY nor its City Council, each member thereof, present and future, members of boards and commissions, its officers, officials, agents, employees or volunteers shall have any control over the manner, mode or means by which ORGANIZATION, its subcontractors, agents or employees, performs the services required herein, except as otherwise set forth herein. The CITY shall have no voice in the selection, discharge, supervision or control of ORGANIZATION
representatives, volunteers or agents, or in fixing their number, compensation or hours of service, except for the requirement that ORGANIZATION shall conduct background checks when any of their personnel will supervise or have direct contact with youth (under License Agreement No. 2026-002
15 rev. 10/25
the age of 18) or vulnerable adults pursuant to Section 8 of this AGREEMENT.
ORGANIZATION expressly acknowledges and agrees it is acting as an independent contractor of the CITY and shall remain at all times as to the CITY a wholly independent contractor with only such obligations as are consistent with that role. ORGANIZATION shall not at any time or in any manner represent that it or any of its subcontractors, agents or employees are agents or employees of the CITY. The CITY shall not in any way or for any purpose become or be deemed to be a partner of ORGANIZATION in its business or otherwise, or a joint venture or a member of any joint enterprise with ORGANIZATION.
16. Should any litigation or other legal action be commenced between the PARTIES hereto to interpret or enforce the provisions of this AGREEMENT, in addition to any other relief to which the PARTY may be entitled in law or equity, the prevailing PARTY in such fees.
17. GOVERNING LAW AND VENUE
This AGREEMENT will be governed by, interpreted under, and construed and enforced in accordance with the laws of the State of California. Any action at law or in equity brought by any of the PARTIES hereto for the purpose of enforcing a right or rights provided for by this AGREEMENT shall be tried in a court of competent jurisdiction in the County of Los Angeles, State of California, and the PARTIES hereby waive all provisions of law providing for a change of venue in such proceedings to any other county.
18. ENTIRE AGREEMENT OF THE PARTIES
This AGREEMENT, together with the incorporated exhibits, references, and attachments supersede any and all agreements, either oral or written, between the PARTIES hereto with respect to the use of the SUBJECT FACILITY by ORGANIZATION and contains all of the covenants and conditions between the PARTIES with respect to the use of the SUBJECT FACILITY. Each PARTY to this AGREEMENT acknowledges that no representations, inducements, promises or agreement, orally or otherwise, have been made by any PARTY, or anyone acting on behalf of any PARTY, which are not embodied herein, and that no other agreement, statement, or promise not contained in this AGREEMENT has been made by the PARTIES. Unless otherwise provided in this AGREEMENT, modification of this AGREEMENT can only be made in writing, signed by both PARTIES to this AGREEMENT.
19. SEVERABILITY
Each provision, term, condition, covenant and/or restriction, in whole and in part, in this AGREEMENT shall be considered severable. In the event any provision, term, condition, covenant and/or restriction, in whole and/or in part, in this AGREEMENT is declared invalid, unconstitutional, or void for any reason, such provision or part thereof shall be severed from this AGREEMENT and shall not affect any other provision, term, condition, covenant and/or restriction of this AGREEMENT and the remainder of the AGREEMENT License Agreement No. 2026-002
16 rev. 10/25
shall continue in full force and effect.
20. COUNTERPARTS
This AGREEMENT may be executed in one or more counterparts, each of which shall be deemed an original. All counterparts shall be construed together and shall constitute one agreement.
21. AUTHORITY TO EXECUTE THIS AGREEMENT
The individuals executing this AGREEMENT, on behalf of the PARTIES, warrants and represents that they have the authority to execute this AGREEMENT on behalf of said PARTIES and have the authority to bind the PARTIES to the provisions of this AGREEMENT.
22. ELECTRONIC SIGNATURES
The PARTIES acknowledge and agree that execution of this AGREEMENT by electronic signatures or electronic transmittal of signatures are the same as handwritten signatures for the purposes of validity, enforceability, and admissibility. [SIGNATURES ON NEXT PAGE]
License Agreement No. 2026-002
17 rev. 10/25
IN WITNESS WHEREOF, the PARTIES hereto have caused this AGREEMENT to be executed the day and year first above written.
THE AMERICAN LEGION
By:
[Print Name]
[Title]
By:
[Print Name]
[Title]
CITY OF SANTA FE SPRINGS
Joe Angel Zamora, Mayor
ATTEST:
Maribel Garcia,
City Clerk
APPROVED AS TO FORM:
RICK OLIVAREZ
City Attorney
Paloma McEvoy
Assistant City Attorney
License Agreement No. 2026-002
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PROPOSED SITE PLAN
[Attached Behind This Page]
License Agreement No. 2026-002
19 rev. 10/25
License Agreement No. 2026-002
20 rev. 10/25
License Agreement No. 2026-002
21 rev. 10/25
EXHIBIT B
FACILITY USE PROCEDURES AND RULES
A. ORGANIZATION will have operating rights to schedule activities at the SUBJECT FACILITY, in coordination with the CITY, to ensure a balanced schedule that accommodates both CITY functions and ORGANIZATION events, in rooms designated as AMERICAN LEGION and Shared Use (as shown on Exhibit A).
B. The ORGANIZATION will provide a proposed schedule to the CITY at least thirty (30) days in advance of proposed programming or activities at the SUBJECT FACILITY. All programming is subject to CITY approval.
C. The CITY retains the right to reserve the SUBJECT FACILITY for CITY-sponsored events with a minimum of thirty (30) days' notice.
D. The ORGANIZATION will have priority access to the SUBJECT FACILITY for their scheduled programs and events.
E. All users must adhere to the posted SUBJECT FACILITY rules and regulations, and with SFSMC Section 130.04 (UNLAWFUL CONDUCT WITHIN PUBLIC CITY FACILITIES AND CITY PARKS).
F. se of SUBJECT FACILITY is permitted only during the
following hours: Monday through Friday from 9:00 a.m. to 8:00 p.m., and Saturday from 9:00 a.m. to 5:00 p.m. Any use outside of these hours requires approval by the City Manager or designee.
G. Maximum occupancy limits of the SUBJECT FACILITY must be adhered to at all times.
H. Alcohol Service:
a. Prior to serving any alcohol at any event, ORGANIZATION shall obtain express written approval from CITY and follow the conditions stated herein. b. ORGANIZATION shall submit a written request for proposed alcohol service at least thirty (30) days in advance, which shall be accompanied by a proposal that includes the proposed date and hours of alcohol service, adherence to state laws and regulations, and mechanisms to ensure that alcohol is not served to individuals under the age of twenty-one (21) or who are visibly intoxicated. The CITY shall approve or deny the request in its sole and absolute discretion and reserves the right to require such conditions as necessary.
c. ORGANIZATION shall obtain a valid permit issued by the California Department of Alcoholic Beverage Control ( ABC Permit ) for the sale of alcoholic beverages at any event.
d. ORGANIZATION shall be responsible for obtaining and maintaining a valid ABC Permit for the duration of proposed alcohol service.
License Agreement No. 2026-002
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e. ORGANIZATION shall ensure that any alcoholic beverage served at an event shall be dispensed solely by a licensed bartender who holds the necessary certification or license to serve alcohol within the State of California. ORGANIZATION shall submit a copy of the Licensed Bartender current mailing address) and the telephone number to CITY at least five (5) days prior to the reservation/event.
f. ORGANIZATION shall ensure that each bartender providing service at the event has completed all legally required training, including but not limited to the Responsible Beverage Service Training ( RBS ).
g. Service and consumption of alcohol is limited to a designated location of the SUBJECT FACILITY. Outside alcohol is prohibited.
h. Serving alcohol to minors (under the age of 21) or to any individual who is visibly intoxicated is strictly prohibited.
i. ORGANIZATION agrees to comply with all federal, state, and local laws and regulations governing the sale and service of alcohol, including but not limited to the City Facility Reservation and Use Policy. j. Violation of this Section or of any corresponding federal, state, and local laws and regulations will result in the termination of this AGREEMENT.
I. All individuals entering the SUBJECT FACILITY shall be respectful and avoid engaging in, riotous, boisterous, threatening, disruptive, lewd, obscene, or indecent conduct, or to use abusive, profane, intimidating, demeaning, or harassing indecent language that amounts to a use of force or a true threat of force. Any incidents of misconduct or rule violations must be reported to the CITY immediately.
J. CITY will provide keys and/or alarm access to ORGANIZATION for the purpose of accessing the SUBJECT FACILITY solely in connection with the permitted uses described in this AGREEMENT. ORGANIZATION shall be responsible for safeguarding all keys and access credentials and shall not duplicate or share them without the prior written consent of CITY. ORGANIZATION shall promptly notify CITY of any loss, theft, or compromise of such keys or access credentials. Upon termination or expiration of this AGREEMENT, ORGANIZATION shall immediately return all keys and access credentials to CITY.
K. CITY will not be held responsible for loss, damage or theft of equipment or personal articles owned, leased or rented by the ORGANIZATION and stored on CITY property.
L. Facilities may not be used for personal profit, solicitation, or sales without written approval.
M. refer to
Facility Reservation and Use Policy (FRUP).
License Agreement No. 2026-002
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FACILITY RESERVATION AND USE POLICY (FRUP)
[Attached Behind This Page]
Effective 1/1/26
1 FACILITY RESERVATION AND USE POLICY
1. INTRODUCTION
1. The City of Santa Fe Springs (“City”) coordinates and issues permits for the use of facilities to organizations and the general public for cultural, social, recreational activities, and programs. The City will work to ensure fair and equitable allocation of space.
2. GOALS
1. The goal of this policy is to establish guidelines, rules, and procedures for the utilization of certain City facilities. This policy serves several purposes including the regulation of the use of City facilities, the effective management of City resources, the outlining of safety measures and security protocols, the preservation of the integrity and longevity of City facilities and assets, and ensuring compliance with legal requirements, regulations, and standards related to facilities operations.
3. PURPOSE
1. The purpose of this policy is to establish regulations and processes to ensure access of facilities for the use by the general public; to coordinate multiple facility spaces; to assure preservation of facilities; to prevent uses that are unsafe, unlawful, or impermissible; and to assure financial accountability for damage caused by field or facility use.
4. DEFINITION OF TERMS
1. Resident: A person whose primary residence is in the City (and those whose address is located in an unincorporated zip code that the Community Development Department has determined to be resident status).
a. Business Resident: A business owner whose business address is headquartered within the City boundaries, as verified by their Tax Identification Number, and whose name is on the business license.
b. School Resident: A school resident is defined as a student, who attends a school within the City boundaries but resides in a city that is not Santa Fe Springs. School Residents do not qualify for reservation resident rates.
2. Immediate Family Member: Immediate family members consist of spouse or domestic partner, parents, including stepparents and foster/adoptive parents, children, including stepchildren and foster/adopted children, siblings, including stepsiblings and half-siblings, grandparents, grandchildren, or legal guardian.
3. City Employee: A person who is employed by the City. City Employees must be active City employees to receive a facility reservation discount. The discount is outlined in the City’s Fee Schedule.
4. Non-Profit Organization: A non-profit organization is an entity that operates for purposes other than profit-making and is recognized as a current 501(c)(3) nonprofit Effective 1/1/26
2 public benefit corporation by the Internal Revenue Service (“IRS”). Its primary goal is to further a particular social cause or advocate for a specific mission.
5. Renter: A person who pays a fee to use City facilities under a Facility Rental Agreement.
6. Special Events:
a. City-Sponsored or Co-Sponsored Special Events: Events sponsored or co-sponsored by the City, such as ArtFest, Independence Day Celebration, Relay For Life, etc. These events are directly organized or supported by the City.
b. Private Occasion Reservation Special Events: Events organized by private citizens for special occasions. These events require a permit for the use of City facilities.
i. Business Meeting: A business meeting is convened with the primary objective of facilitating decision-making processes, discussing corporate objectives, conducting employee training sessions, hosting seminars, workshops, or other educational endeavors pertinent to business operations. Business meetings adhere to a professional environment and do not permit the inclusion of alcoholic beverages. Furthermore, they abstain from incorporating entertainment elements such as DJ’s or live bands.
ii. Special Occasion Event: A special occasion event is a social gathering that may include, but is not limited to, a special form of recognition/celebration honoring individual(s), a holiday, or special occasion.
iii. Funeral Reception: A funeral reception is a gathering held within thirty (30) days of a funeral service to provide an opportunity for mourners to come together, offer condolences, share memories of the deceased, and provide support to the bereaved family and friends.
iv. Celebration of Life: A celebration of life is an event held to honor and commemorate the life of a deceased individual. Celebrations of life that do not occur within thirty (30) days of a funeral are considered a Special Occasion Event and subject to Special Event fees.
c. Third-Party Public Special Events: Events organized entirely by third-party private citizens or organizations that meet any of the following criteria:
i. hosting more than one hundred (100) people; or
ii. featuring food and/or informational vendors; or
iii. impede on a public right of way.
These events are not sponsored or co-sponsored by the City. Examples include large festivals, concerts, a business expo or fair, or parades.
Third Party Special Events may be subject to additional requirements, including, but not limited to Temporary Use Permit (See Chapter 119 (Reserved) of Title 11 (Business Regulations)) of the Santa Fe Springs Municipal Code.
d. Types of Entertainment:
Effective 1/1/26
3 i. DJ (Disk Jockey): A DJ plays recorded music from various genres and interacts with the audience by mixing songs together and sometimes providing announcements or commentary.
ii. Live Band: A group of musicians who perform music live using amplified instruments such as guitars, drums, keyboards, etc.
iii. Mariachi Band, Quartet, or Quintet: A traditional musical group typically consisting of acoustic guitars, violins, trumpets, and sometimes other instruments.
iv. Trio: A smaller ensemble consisting of three musicians who may play a variety of instruments such as guitar or violin.
v. Soloist: A single performer who sings or plays an instrument alone, providing entertainment for the event. This could be a singer, guitarist, pianist, or any other musician performing individually. vi. Dance: A dance group consisting of many forms of dance that are created and performed to entertain an audience, this can include folk, recitals, or story dances.
5. RESERVATIONS
1. Due to the high demand for facilities, applications for reservations will be accepted as follows:
a. Residents – twelve (12) months in advance (open at the beginning of the month).
b. Non-Residents – nine (9) months in advance.
c. Reservations will not be accepted less than thirty (30) days from event date. d. EXCEPTIONS:
i. Funeral Receptions.
ii. Heritage Park or Clarke Estate Reservations.
iii. Park rental facilities during regularly staffed hours.
2. City reserves the right to change, or cancel any reservation, at any time resulting from City activity and/or maintenance.
3. A facility is not considered rented until (i) Renter submits to City a signed City Rental Agreement, down payment and/or rental fee, a credit card authorization form, certificate of insurance and endorsements, written evidence of permits and licenses, and any other items deemed necessary and requested by City; and (ii) City, in its sole discretion, approves such rental in writing.
4. The signatory of a City Rental Agreement must be the Renter and at least eighteen (18) years of age if alcohol will not be served, or at least twenty-one (21) years of age if alcohol will be served.
5. Renter shall be present for the entirety of the event, including set-up and breakdown periods.
a. Exception: For weddings, or funeral receptions, if the Renter is the bride or groom, the Renter shall provide City with a single contact to serve as the representative for Renter’s activities. However, the representative is not able to make changes to event date, times, and layout.
6. Renter shall be responsible for securing all required permits and licenses.
Effective 1/1/26
4 7. The facility shall be used for the purpose stated in the Facility Rental Agreement. No other use will be permitted.
8. Renter shall not use City’s name to suggest endorsement or sponsorship of the event without prior written approval of City. Renter’s publicity of the event shall clearly and accurately identify the name of the sponsoring organization or individual.
9. Renter shall permit any City officers, employees, or agents to visit the event described in the City Rental Agreement.
10.Under no circumstances shall Renter sublease or allow any other organization or individual to use the facility for the period for which Renter has contracted.
11.Renter is an independent contractor and not considered an agent or employee of City, even if the renter is employed by the City.
12.Renter is allowed one (1) date change per reservation confirmation, provided that the date change occurs with six (6) months or more from the original reservation date.
Cancellation that occurs after a date change will result in forfeiture of downpayment.
6. COMPLIANCE WITH ALL APPLICABLE LAWS, RULES, REGULATIONS
1. Renter shall comply with all local, state, and federal laws and regulations related to the use of the facility and public gatherings.
2. Renter agrees to abide by all applicable local, state, and federal, accessibility standards and regulations.
3. The Renter agrees to comply with all applicable City ordinances, rules, and regulations, including but not limited to Santa Fe Springs Municipal Code Section §130.04 – Unlawful Conduct Within Public City Facilities and City Parks. The Renter understands that failure to comply with any City ordinance or directive from City staff may result in revocation or suspension of the rental permit, removal of individuals from the premises, immediate cancellation of the event, and/or assessment of additional fees or charges. The City reserves the right to take any action necessary to protect public safety, City property, and the well-being of participants and staff.Renter agrees to be solely responsible for reviewing and ensuring compliance with all applicable public health rules, regulations, orders, and/or guidance in effect at the time of the use of the facility, for example, use of appropriate sanitation practices, physical distancing, limits on the size of gatherings, etc.
4. City reserves the right to immediately revoke Renter’s right to use of the facility should Renter fail to comply with any provision of this section.
7. FEES
1. Rental fee and/or down payment can be made online, or in-person via credit card, cash, or check. Fees must be paid thirty (30) days prior to event date. Checks are not accepted less than thirty (30) days prior to event date.
2. City will require a rental fee and/or a down payment from Renter. Some non-profit agencies may be eligible for a facility fee waiver (see Section 19, FEE WAIVERS).
3. Cancellations of reservations may be subject to the withholding of a portion of, or the entire, rental fee and down payment for the facility (see Section 18 for WITHHOLDING AND ADDITIONAL FEES).
4. Renter will forfeit down payment and City may charge an additional amount for any Effective 1/1/26
5 event continuing past the ending time stated in the Facility Rental Agreement.
5. In the event facility is left damaged, Renter will forfeit down payment and may be charged for any and all janitorial and/or repair fees incurred by City as a result, and those fees will be billed to Renter.
8. INDEMNIFICATIONc
1. Renter shall indemnify, defend, and hold harmless City, and its officers, employees, and agents from and against any and all causes of action, claims, liabilities, obligations, judgments, losses, costs, expenses, or damages, including liability for injuries or illnesses to any person or persons or damage to property arising at any time during and/or arising out of or in any way connected with Renter’s use or occupancy of the facility and adjoining property, unless solely caused by the gross negligence or willful misconduct of the City, its officers, employees, or agents. In the event City indemnitees are made a party to any action, lawsuit, or other adversarial proceeding arising from Renter’s use or occupancy of the facility and adjoining property, Renter shall provide a defense to the City indemnitees, or at the City’s option, reimburse the City indemnitees their costs of defense, including reasonable legal fees, incurred in defense of such claims.
2. Renter waives any right of recovery against City, its officers, employees, and agents for indemnification, contribution, or declaratory relief arising out of or in any way connected with Renter’s use or occupancy of facility and adjoining property, even if City, its officers, employees, or agents seek recovery against Renter. This provision does not apply to claims or damages caused by the City’s sole negligence, gross negligence, or willful misconduct.
3. Renter waives any right of recovery against City, its officers, employees, and agents for fires, floods, earthquakes, civil disturbances, regulation of any public authority, and other causes beyond their control. Renter shall not charge results of “acts of God” to City, its officers, employees, or agents.
4. Renter shall report any personal injuries or illnesses or property damage arising at any time during and/or arising out of or in any way connected with Renter’s use or occupancy of facility and adjoining property to City in writing and as soon as practicable, but in no event not more than seventy-two (72) hours after occurrence.
9. INSURANCE REQUIREMENTS AND SPECIFICATIONS
1. The City, at its sole discretion, may apply insurance requirements and specifications.
2. General liability insurance. Renter shall maintain commercial general liability insurance with coverage at least as broad as Insurance Services Office form CG 00 01, in an amount not less than $1,000,000 per occurrence, $2,000,000 general aggregate, for bodily injury, personal injury, and property damage. The policy must include contractual liability that has not been amended. Any endorsement restricting standard ISO “insured contract” language will not be accepted.
3. Proof of insurance. Renter shall provide certificates of insurance to City as evidence of the insurance coverage required herein. Insurance certificates and endorsements must be approved by City prior to commencement of the rental. Current certification of insurance shall be kept on file with City at all times during the term of this Effective 1/1/26
6 AGREEMENT. City reserves the right to require complete, certified copies of all required insurance policies, at any time.
4. Additional Insured Status. General liability policies shall provide or be endorsed to provide that City and its officers, officials, employees, agents, and volunteers shall be additional insureds under such policies. This provision shall also apply to any excess/umbrella liability policies.
5. Duration of Coverage. Renter shall procure and maintain for the duration of the Facility Use Agreement insurance against claims for injuries to persons or damages to property, which may arise from Renter’s use or occupancy of facility and adjoining property.
6. Primary/Non-Contributing. Coverage provided by Renter shall be primary, and any insurance or self-insurance procured or maintained by City shall not be required to contribute with it. The limits of insurance required herein may be satisfied by a combination of primary and umbrella or excess insurance. Any umbrella or excess insurance policies shall include or be endorsed to contain a provision that such coverage shall also apply on a primary and non-contributory basis for the benefit of City before City’s own insurance or self-insurance shall be called upon to protect it as a named insured.
7. Waiver of subrogation. All insurance coverage maintained or procured pursuant to the Facility Use Agreement shall be endorsed to waive subrogation against City, its elected or appointed officers, agents, officials, employees, and volunteers or shall specifically allow Renter or others providing insurance evidence in compliance with these specifications to waive their right of recovery prior to a loss. Renter hereby waives its own right of recovery against City and shall require similar written express waivers and insurance clauses from each of its vendors.
8. Notice of cancellation. Renter agrees to oblige its insurance agent or broker and insurers to provide City with a thirty (30) day notice of cancellation (except for nonpayment for which a ten (10) day notice is required) or nonrenewal of coverage for each required coverage. Renter agrees to oblige its insurance agent or broker and insurers to provide CITY with a thirty (30) day notice of any change of coverage or limits.
9. Acceptable insurers. All insurance policies shall be issued by an insurance company currently authorized by the Insurance Commissioner to transact business of insurance or is on the List of Approved Surplus Line Insurers in the State of California, with an assigned policyholders’ Rating of A- (or higher) and Financial Size Category Class VII (or larger) in accordance with the latest edition of Best’s Key Rating Guide, unless otherwise approved by City.
10.Enforcement. Renter acknowledges and agrees that any actual or alleged failure on the part of City to inform Renter of non-compliance with any requirement imposes no additional obligations on City nor does it waive any rights hereunder.
11.Requirements not limiting. Requirements of specific coverage features, or limits contained in this section, are not intended as a limitation on coverage, limits or other requirements, or a waiver of any coverage normally provided by any insurance.
Specific reference to a given coverage feature is for purposes of clarification only as it pertains to a given issue and is not intended by any party or insured to be allinclusive, or to the exclusion of other coverage, or a waiver of any type. If the Renter maintains higher limits than the minimums shown above, City requires and shall be Effective 1/1/26
7 entitled to coverage for the higher limits maintained by Renter. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to City.
12.Prohibition of undisclosed coverage limitations. None of the coverages required herein will be in compliance with these requirements if they include any limiting endorsement of any kind that has not been first submitted to City and approved of in writing.
13.City’s right to revise specifications. City reserves the right at any time during the term of the Facility Use Agreement to change the amounts and types of insurance required by giving the Renter at least thirty (30) days advance written notice of such change. However, CITY reserves the right to give less than thirty (30) days notice if City first becomes aware of an issue and needs to change the amounts and types of insurance within thirty (30) days of the scheduled event.
14.Additional Insurance. Renter shall also procure and maintain, at its own cost and expense, any additional kinds of insurance, which in its own judgment may be necessary for its use or occupancy of the FACILITY and adjoining property.
15.Timely notice of claims. Renter shall give City prompt and timely notice of claims made or suits instituted that arise out of or result from Renter’s use or occupancy of the facility and adjoining property, and that involve, or may involve, coverage under any of the required liability policies.
CITY reserves the right to require additional lines of insurance, and any additional insurance, will be agreed to by Renter in writing. Additional insurance may include, but is not limited to:
1. Automobile liability insurance. Renter shall maintain automobile insurance at least as broad as Insurance Services Office form CA 00 01 covering bodily injury and property damage for all activities of the Renter arising out of or in connection with the facility use, including coverage for any owned, hired, non-owned, or rented vehicles, in an amount not less than $1,000,000 combined single limit for each accident.
2. Sexual abuse/molestation insurance. Renter shall procure and maintain sexual abuse and molestation liability coverage in an amount not less than $1,000,000 per occurrence, $2,000,000 general aggregate. This coverage may be part of commercial general liability coverage, professional liability coverage, or a separate policy.
3. Liquor liability insurance. Renter shall maintain full liquor liability insurance coverage in an amount not less than $1,000,000 per occurrence, $2,000,000 general aggregate.
4. Workers’ compensation insurance. Renter shall maintain workers’ compensation insurance (statutory limits) and employer’s liability insurance (with limits of at least $1,000,000). Renter shall submit to City, along with the certificate of insurance, a waiver of subrogation endorsement in favor of City, its officers, agents, employees, and volunteers.
5. Cyber liability insurance. Renter shall procure and maintain cyber liability insurance with limits of $1,000,000 per occurrence, $2,000,000 general aggregate.
6. Other. If Renter contracts with a third-party service provider (e.g., caterer), Renter will require the service provider to procure and maintain at its sole cost and expense Effective 1/1/26
8 comprehensive general liability insurance in an amount not less than $1,000,000 per occurrence, $2,000,000 general aggregate, and if applicable, liquor liability coverage in an amount not less than $1,000,000 per occurrence, $2,000,000 general aggregate, or other lines of coverage City requires. Both City and Renter shall be endorsed as additional insureds.
10. SECURITY
1. City, at its sole discretion, may require a certain number of security officers for the event. Renter shall be responsible for paying or reimbursing City for all costs and expenses in providing security.
2. Renter is solely responsible for supervising all individuals at the facility and adjoining property(ies) during the event. City is not responsible for providing this supervision.
However, City may remove individuals from the facility during the event if their conduct is not in the best interest of the public, against the City’s Code of Conduct, or is deemed to be detrimental in any way by City staff.
11. SET-UP / CLEAN-UP / DECORATIONS
1. Renter, caterers, bands, vendors, entertainment, photo booths, transportation of rental equipment, and related individuals and activities will not be permitted access to the facility prior to the event set-up time period, or after event breakdown period, as indicated on the Reservation Confirmation. Renter shall be responsible for arranging access during the time requested for entry and exit of the facility.
2. Renter shall not prepare or decorate the facility prior to the event setup time, unless Renter provides rental fees, down payments, and insurance for the time of the preparation and/or decoration.
3. Renter shall not drive or permit to be driven nails, hooks, tacks, pins, screws, poles, stakes, tape, glue dots, glue, adhesives, or other forms of fasteners into any part of the facility and shall not make or allow to be made any alterations of any kind therein.
All décor items utilized by the Renter must be free-standing and remain unattached from any part of the facility.
4. Renter is responsible for ensuring that free-standing décor must be displayed, utilized, and/or weighted to prevent it from moving or falling.
5. The use of glitter, confetti, rice, coins, paper currency, silly string, whip cream, birdseed, spray cans, hay, straw, event scatter, or similar type of items, is prohibited.
6. Signs and decorations may not be placed outside the building, trees, shrubbery, or planter areas.
7. Open flames of any kind, candles, smoke, fog machines, bubble machines and piñatas, are NOT allowed. Electronic/flameless candles are permitted.
8. Standard glass vases for floral arrangements are allowed. Glass beverage containers are not allowed as centerpieces.
9. Balloons may NOT be released/loosed inside facility. Balloons must be on weights and set on tabletops. Balloon arches are permissible if they do not exceed height restrictions, as described in the City municipal code.
10.Renter shall be responsible for all clean-up of the facility, including adjacent grounds, lobbies and restrooms, at the end of the rental. Renter shall pick up, bag, sweep, mop, remove all trash, and/or bodily fluid discharge, generated by all activity in any Effective 1/1/26
9 way connected with its use of the facility, leaving the facility clean and free of all trash and litter. Renter shall also leave all fixtures, if any, in good working condition.
11.Renter shall not store any equipment or materials at the facility or adjoining property.
12.Renter shall be responsible for any and all damage to the facility and/or its contents during use. In the event damage occurs or excessive cleaning is necessary, Renter shall be charged for any and all janitorial and/or repair fees incurred by City as a result, and Renter’s down payment may be withheld, or credit card on file may be charged.
13.Renter’s may utilize equipment from third-party vendors (such as chairs, tables, stages, lecterns, pipe and drape, archways, portable bars, generators, etc.). The use of third-party rental equipment must be approved by City more than thirty (30) days prior to event date. Aforementioned equipment may not be stored overnight and must be delivered and picked up within the times indicated on the Reservation Confirmation. Third-party equipment must be completely off of any public grounds within the allotted takedown time. Renter must provide a vendor agreement and a Certificate of Liability Insurance (see Insurance Requirements & Specifications) when third-party equipment is utilized.
14.Renter is responsible for arrangement of any third-party equipment, decorations, and/or set-up; this includes unloading, delivery into the facility, take down, and transport out of the facility. City staff is NOT responsible for third-party equipment.
Additionally, delivery of any third-party equipment will NOT be signed for by staff.
Applicant must be present for the delivery and pick-up of equipment.
15.Renter’s facility rental fee includes three (3) hours of set-up time only, and one (1) hour of breakdown/cleanup time.
a. Exceptions:
i. Little Lake Park: If renting the Meeting Room at Little Lake Park, there is a 6-hour maximum use time not including set-up and cleanup. No event shall end past 8 p.m.
16.Covered Picnic Areas: rental fee includes one (1) hour of set-up time only, and one (1) hour of breakdown/cleanup time.
a. Additional set-up time (maximum of two (2) hours may be purchased for decoration/set-up purposes only.
b. Decorating must take place immediately before event start time. c. Additional time MUST be purchased 30 days prior to scheduled event. Guests will not be allowed to enter the facility room until the time indicated on the Reservation Confirmation.
12. EQUIPMENT / ACCESSORIES
1. Renter shall not remove, relocate, or take City property outside of the FACILITY for any reason.
2. Renter shall not use City equipment, tools, or furnishings located in or about the FACILITY.
3. Renter shall not drive motorized vehicles on fields, green space, paths, or facility grounds.
4. Renter shall secure the approval of City before using audio/visual systems, public address systems, and live or recorded amplified music. Renter shall not record, Effective 1/1/26
10 televise, or broadcast the event or any portion thereof without prior written approval of City.
13. FOOD & BEVERAGE
1. Renter is responsible for ensuring that all food prepared/cooked/served is compliant with Los Angeles County Department of Public Health regulations and protocols.
2. Cooking with open flames must be done outdoors.
a. i.e., taco cart, bbq smokers, grills, etc.
3. Cooking oil must be discarded in proper containers or must be taken at the conclusion of the event.
4. Chaffing dishes and service utensils are not provided by the City. a. EXCEPTION: Gus Velasco Neighborhood Center Pio Pico Room may provide chaffing steam table, on a case-by-case basis.
5. Food may be warmed at onsite kitchen but cannot be prepared or cooked in the kitchen.
6. All City facilities allow catering type vehicles (i.e., food trucks). Renter must get approval from City to have such vehicles at least thirty (30) days prior to reservation/event date, and is subject to additional fees and regulations.
7. Renter is responsible that all food, containers, utensils, or similar type of items are removed from the facility at the end of the event.
8. For the Clarke Estate and Heritage Park, Renter is responsible for the following additional requirements:
a. Applicant agrees to hire a food caterer from the City’s Preferred Catering List. i. If Renter chooses to select a caterer that is not on the City’s Preferred Catering List, renter must provide a copy of the invoice to the City, and pay a ten percent (10%) catering fee to the City, prior to the event.
9. Alcohol and Beverage Consumption
a. The signatory of the Facility Use Agreement must be the Renter and at least eighteen (18) years of age if alcohol will not be served, or at least twenty-one (21) years of age if alcohol is served.
b. If serving alcohol, applicant is required to have a licensed bartender at all times while serving guests. Anyone under the age of 21 is prohibited from standing behind the bar at any time. Self-serving is not allowed. i. EXCEPTION: Clarke Estate & Heritage Park: Applicant must use a licensed bartending service from the City’s exclusive bar service list and subject to a twenty percent (20%) bartending fee to the City. c. Renter will submit a copy of the Responsible Beverage Service Licensed Bartender Certification along with bartender’s copy of valid Driver’s License (with current mailing address) and the telephone number to City at least five (5) days prior to the reservation/event. A copy of the Alcohol Policy and Procedures will be provided to the Licensed Bartender.
d. Applicant must ensure that the licensed bartender complies with all state laws. e. OUTSIDE ALCOHOL IS NOT ALLOWED. Guests may NOT consume alcohol in the parking lot, restroom, lobby or on any other City property. Guests are not permitted to bring alcohol. Violations may be subject to closure of event Effective 1/1/26
11 and loss of down payment, or charge of the credit card on file. Alcohol is only allowed within the designated facility. Flasks or personal beverage containers containing alcohol are prohibited. Staff reserves the right to inspect any coolers, bags, or containers, brought by the Renter, or the Renter’s guests. f. Alcohol is not permitted to be dropped off at facility and left unattended.
Bartending services, and/or reservation holder, must be present to receive pre-purchased alcohol. Staff will not receive alcohol from applicant to hold until bartending service arrives.
g. The serving of alcohol MUST stop thirty (30) minutes before the end of the event. Staff will ensure that bar closes thirty (30) minutes prior to end of event. h. Alcohol (i.e. champagne, wine, beer, etc.) MAY NOT be placed on tables as part of the decoration and/or for guests to self-serve. All alcohol beverages must be served to guests in disposable cups (beverage containers made of glass are not allowed, filled or empty).
i. For a Celebratory Toast, alcohol must be served at the bar, by the bartender, and must be served in plastic stemware.
j. Heritage Park & Clarke Estate:
i. For ceremony and reception reservations, applicant understands that alcohol may not be served until completion of the ceremony. All alcohol must be served from a designated bar area. Alcohol is not permitted following a ceremony-only reservations.
k. Staff reserves the right to close the bar if deemed necessary (i.e. if applicant and/or guests are not in compliance). Violations may result in event closure and loss of down payment, and/or incurring additional charges to the credit card on file.
l. Serving alcohol to minors, and/or consumption of alcohol by minors (under age of 21), is strictly prohibited. Violations of this may result in closure of the event and denial of future facility use by City.
m. Serving alcohol to an intoxicated person is prohibited. Violations of this may result in closure of the event, and denial of future facility use by City. n. The applicant agrees to comply with all State and Municipal Laws concerning the sale of and consumption of alcoholic beverages while using the facility.
Failure to comply with this policy will result in event being terminated immediately, and down payment will not be refunded, and credit card on file may incur additional charges.
o. Alcoholic beverages are not allowed in park settings (SFSMC §130.04). p. If selling alcohol:
i. An Alcohol Beverage Control (ABC) License is required. ii. The license can be obtained a maximum of two (2) weeks prior to the scheduled event and must be submitted to the City at least five (5) days prior to the scheduled event. If the license is not submitted on time, alcohol cannot be sold at the event.
iii. Required license can be purchased at: Alcohol Beverage Control Office, 222 E. Huntington Drive, Suite 114, Monrovia, CA 91016, (626) 256 – 3241, www.abc.ca.gov.
iv. Applicant must obtain the license in person and must take the following documents:
Effective 1/1/26
12 1. Letter of Permission from City (a Community Services Supervisor can provide this letter)
2. A Cashier’s Check or Money Order. (Method of payment is subject to change at the election of City)
3. For nonprofit organizations wanting to sell alcohol – proof of nonprofit status, IRS Exception Certificate, and Bylaws.
14. COVERED PICNIC AREAS
1. Renter is responsible for obtaining City’s approval to have vendors at their reservation.
2. Dunk tanks, petting zoo, and pony rides are not permitted on the park. Game trucks and food trucks are permitted at all locations at designated areas and require an additional fee (see Fee Schedule for more details).
3. No form of amplified sound is permitted (i.e. P.A. systems, bands, DJ’s, etc.).
4. Renter will provide their own charcoal for the BBQ grills. Renter can bring a propanefueled grill.
5. Additional setup and/or breakdown time may be purchased at additional rates (see Fee Schedule for more details).
6. Up to three (3) EZ-Up canopies may be brought on to the park. Each EZ-Up may not exceed the size of 10’ x 10’ (S.F.S.M.C. §130.04.B.23-24).
7. Renter is responsible for ensuring that free-standing décor, or EZ-Up canopies must be displayed, utilized, and/or weighted to prevent it from moving or falling.
15. INFLATABLE AMUSEMENTS (JUMPERS)
1. Inflatable amusements (i.e., moon bouncers, bounce houses, or jumpers), are allowed in City parks at the following locations and must meet the following criteria:
a. Allowed at the following locations: Lakeview Park, Little Lake Park, Los Nietos Park, Santa Fe Springs Park.
b. Conventional size jumpers only. Inflatables larger than 30' X 30' are NOT allowed. Jumpers with water and amusements with mechanical components (i.e. mechanical bull) are not permitted.
c. Renter is responsible for providing to the City a copy of inflatable amusement (jumper) vendor’s liability insurance; Vendor shall maintain commercial general liability insurance with coverage at least as broad as Insurance Services Office form CG 00 01, in an amount not less than $1,000,000 per occurrence, $2,000,000 general aggregate, for bodily injury, personal injury, and property damage. The policy must include contractual liability that has not been amended. Any endorsement restricting standard ISO “insured contract” language will not be accepted.
d. Renter is responsible for ensuring that they obtain an inflatable amusement (jumper) that is compliant with the American Society for Testing Materials (ASTM) Designation F2374-10.
e. The vendor or reservation holder must provide its own electricity (i.e. silent generator).
f. City and its employees are not responsible for any inflatable amusements Effective 1/1/26
13 (jumper) left on the premises before or after permitted hours. g. City and its employees are not responsible for any damages caused to the inflatables.
h. City and its employees are not liable for any injuries to anyone participating in the use of the inflatable amusement (jumper) set-up on any City facility. i. Staff must be present while inflatable amusement (jumper) is set-up at the park. Renter may purchase additional time for set-up .
j. Only two (2) inflatable amusement (jumper) are allowed at each park at any time. Only one (1) jumper is allowed per reservation.
k. A fee is required for an inflatable amusement (jumper) permit if a picnic area is not rented (see City’s fee schedule for specific fees). l. All inflatable amusement (jumper) requirements are due to the City no less than two (2) weeks prior to the event date. This includes company information and insurance requirements.
m. The inflatable amusement (jumper) unit must be staked down at all times while in use.
n. Park staff is not responsible for supervision of children in inflatable amusement (jumper). Supervision of children in the inflatable amusement (jumper) is required at all times.
16. MISCELLANEOUS
1. Renter shall not admit a larger number of individuals than indicated on the approved Reservation Confirmation.
2. Gambling of any kind is not permitted at the facility.
3. Smoking is not permitted inside or within 25’ of the facility. a. Smoking or possessing any lit cigar, cigarette, e-cigarette, vaping device, or pipe, unless City has designated a specific smoking area, is not allowed.
4. No animals are permitted at the facility, except for service animals, as defined under the Americans with Disabilities Act, which are individually trained to do work or perform tasks for people with disabilities.
5. If Renter violates any part of this policy or reports false information to City, City may refuse Renter further use of the facility, and Renter shall forfeit a portion, or all, of the rental fee and/or the down payment, and/or incur additional charges to the credit card on file.
6. City may impose additional requirements as deemed necessary to protect the health, safety, and/or welfare of the community.
7. The facility is not to be used by applicant for commercial benefit or profit-making purposes. Solicitation of money (including admission charges, dues, donations or sales) is prohibited. An exception is made for community-based incorporated groups and nonprofits; however, verification of 501(c)(3) status, through their tax ID application, must be submitted, and approval must be granted by the City Manager.
8. City is not responsible for items that are lost, stolen, or damaged in or on the grounds of the facilities. Leaving personal items unattended or bringing in personal belongings that are disruptive to the primary use of space are not allowed.
17. FORCE MAJEURE
Effective 1/1/26
14 1. In the event of a natural disaster, government or societal actions, infrastructure failures, or Act of God, City will not be responsible for any costs incurred by the Renter, including, but not limited to, invitations, entertainment, food, beverages, decorations, giveaways, photographers, attractions, inflatables, or any other related expenses.
18. WITHHOLDING AND ADDITIONAL FEES
1. Ddown payment is due at the time application is submitted.
2. The applicant will be billed for any costs exceeding the down payment or facility use fee. If all requirements of the Facility Use Agreement have been met,
3. Down payments are fees toward the reservation and are not refundable.
4. The City reserves the right to charge the Renter’s credit card on file for any costs incurred as a result of damages, vandalism, excessive trash, failure to clean and restore the facility to its original condition, unauthorized use of equipment or areas, and/or any additional time beyond the contracted rental period. All associated fees will be assessed based on actual repair, replacement, cleaning, or staffing costs as determined by the City.
5. Renter agrees to reimburse City for any loss or damage to CITY property caused by party, guests, and/or contracted vendors, and additional charges may be incurred
6. The balance of fees are due 30 days prior to the scheduled event. If the fees are not paid as required, the reserved date will be cancelled.
7. Down payment will be held if cancellation takes place less than six (6) months of event.
A $100.00 non-refundable fee will be charged for event cancellation between six (6) months to one (1) year of event date.
a. EXCEPTION: If cancelling covered picnic areas at Lakeview Park, Little Lake Park, Los Nietos Park, and Santa Fe Springs Park more than thirty (30) days prior to event date, Renter will be refunded 50% of down payment. If cancellation occurs under thirty (30) days of event date, Renter will forfeit down payment and will be refunded any FACILITY fees.
8. All cancellations must be conducted in person with picture ID, or in writing via email from the email address on file; otherwise, Renter’s down payment will not be refunded.
9. Per City policy, City employees are not permitted to accept gratuities or gifts of any kind.
10. If Renter exceeds the time indicated on the Reservation Confirmation, down payment may be withheld and additional fees may be incurred, and the credit card on file will be charged for any additional fees.
19. FEE WAIVERS
1. The City of Santa Fe Springs recognizes and appreciates the value of partnering and collaborating with other agencies and organizations to provide services that benefit the community and its residents. In an effort to provide support to organizations, the City of Santa Fe Springs has established a policy for determining when fees may be waived.
2. Process
Fees established by the City of Santa Fe Springs for the use of City parks and Effective 1/1/26
15 facilities may be waived by the Department Director (up to $500), or the CityManager, or designee, up to $4,999, if the Renter submits a fee waiver application and meets the defined criteria within this policy. i. A Fee Waiver application must be submitted no later than 45 days prior to the date of the event.
ii. Approval of the fee waiver does not relieve the
applicant/organization of the obligations to comply with all other permit requirements, including but not limited to submitting a facility use application, liability insurance, health permits, ABC License, down payment, etc.
3. Fees and costs that are NOT eligible to be waived:
a. Staffing or labor
b. Refuse costs
c. Custodial/Janitorial costs
d. Maintenance costs
e. Other City charges
4. Eligibility
a. Tier I Criteria: City recognizes the value that organizations/agencies play in providing benefits to the community and Santa Fe Springs residents. Fees may be waived for organizations/agencies if any of the following criteria are met:
i. A non-profit organization or association must be headquartered in Santa Fe Springs (must have a physical address in Santa Fe Springs), verified through their current 501(c)(3) Tax Identification Number. Such organization shall be organized and exist in the City for a minimum of one (1) year prior to the event.
ii. The organization must have as their sole purpose to benefit the City or a particular City Department or service.
iii. Schools located within the City of Santa Fe Springs or related organizations such as private schools within the City.
iv. Government agencies where the fee waiver will provide essential public services that align with City’s mission of serving the community.
b. Tier II Criteria: Organizations/agencies that do not meet the criteria under Tier I may still qualify if they are able to meet all criteria in Tier II. i. The event or program is consistent with City or City Department’s mission, values, and objectives.
ii. The program or event provides a valuable and definable benefit to the Santa Fe Springs community; including but not limited to youth programs and events.
iii. The proposed event or program will have no negative impact on the existing facility/park or cause the need for increased maintenance; and will not displace any existing City programs or reservations. iv. There is no evidence of previous violations of any permits previously issued to applicant or organization.
Effective 1/1/26
16 c. The City Manager may waive fees for organizations that benefit the public, promote civic engagement, as well as support safety, health, and welfare, aligning with the City 's mission.
d. Appeals: The applicant may submit a written appeal (letter or email) directly to the City Manager within ten (10) calendar days of the fee waiver denial.
20. CONTINUAL USE FEE WAIVERS
1. Organizations may utilize City parks and facilities for continual use if specific criteria are met. Organizations must meet eligibility requirements and the continual use of City parks and facilities may be issued a reduced fee of Thirty Dollars ($30.00) per day (fees subject to change), per use. The application period is renewed every twelve (12) months in January. Continual use may be revoked at any time for violations of this Policy. Organizations must meet the following criteria:
a. A non-profit organization or association must be headquartered in Santa Fe Springs, verified through their Tax Identification Number. i. Such organizations shall be organized and exist in the City for a minimum of one year (1) prior to the start date of the first event. ii. Schools located within the City of Santa Fe Springs or related organizations such as private schools within the City.
iii. The organization must have as their sole purpose to benefit the City or a particular City department or service.
2. The maximum time allowed for per day use is two (2) hours, including set-up and clean-up times.
3. An organization that provides Department approved community services may get the daily use fee waived. Prior approval of the community services project must be obtained in order to qualify.
4. Approval of the fee waiver does not relieve the applicant/organization of the obligations to comply with all other permit requirements, including but not limited to submitting a facility use application, credit card authorization form, liability insurance, health permits, ABC License, down payment, etc.
21. POLICY INTERPRETATION AND REVISION AUTHORITY
1. The City Manager, or designee, retains the authority to interpret this policy and to make changes, revisions, or exceptions, as deemed necessary, provided that such modifications serve a demonstrable community benefit for the residents of Santa Fe Springs.
ITEM # 13
CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members
FROM: René Bobadilla, P.E., City Manager
BY: Gus Hernandez, Director of Parks & Recreation
SUBJECT: APPROVAL OF AMENDMENT NUMBER TWO TO AGREEMENT BETWEEN THE
CITY OF SANTA FE SPRINGS AND LITTLE LAKE CITY SCHOOL DISTRICT FOR
THE OPTIONS FOR LEARNING CHILD CARE PROGRAM AT LAKEVIEW
ELEMENTARY SCHOOL
DATE: June 2, 2026
RECOMMENDATION:
It is recommended that the City Council:
1. Approve Amendment Number Two to the Agreement between the City of Santa Fe Springs and the Little Lake City School District extending the term through June 30, 2027, for the continued operation of the Options for Learning before and after school Child Care Program at Lakeview Elementary School.
2. Authorize the City Manager to execute Amendment Number Two and any related documents in a form approved by the City Attorney.
3. Take such additional, related, action that may be desirable.
FISCAL IMPACT
There is no direct fiscal impact associated with the approval of Amendment Number Two. The amendment allows for the continued operation of the Options for Learning Child Care Program at the Lakeview Elementary School site. Operational costs associated with the program continue to be managed by Options for Learning in accordance with the existing agreement terms.
BACKGROUND
In 1997, the City of Santa Fe Springs and the Little Lake City School District (LLCSD) entered into an agreement allowing the City to operate an Extended Day Services Program for school aged children attending Lakeview Elementary School.
CITY COUNCIL AGENDA REPORT – MEETING OF JUNE 2, 2026
APPROVAL OF AMENDMENT NO. TWO TO AGREEMENT BETWEEN THE CITY AND LITTLE LAKE CITY
SCHOOL DISTRICT FOR THE OPTIONS FOR LEARNING CHILD CARE PROGRAM AT LAKEVIEW
ELEMENTARY SCHOOL
On May 24, 2018, the City and LLCSD entered into a new agreement to allow for the continued operation of the Options for Learning before and after school Child Care Program at Lakeview Elementary School.
On April 6, 2021, the City and LLCSD approved Amendment Number One, extending the term of the agreement through June 30, 2026.
Amendment Number Two proposes extending the agreement term through June 30, 2027, to allow for the continued operation of the program and continued childcare services for local families.
ANALYSIS
The Options for Learning Child Care Program provides before and after school childcare services for elementary school students and serves an important role in supporting working families within the community. The continuation of the program ensures that families continue to have access to licensed childcare and structured youth programming at Lakeview Elementary School. Amendment Number Two extends the agreement for an additional one-year term through June 30, 2027. The amendment also clarifies that the agreement is deemed a non-exclusive license and not a lease or other instrument conveying an interest in real property.
Additionally, the amendment clarifies that the agreement applies specifically and exclusively to the property area identified in Exhibit A of the amendment. The exhibit identifies the designated licensed program area at Lakeview Elementary School. All other terms and conditions of the original agreement remain unchanged and in full force and effect.
ENVIRONMENTAL
N/A
DISCUSSION
The continued partnership between the City, LLCSD, and Options for Learning supports the City’s ongoing commitment to providing quality youth and family services within the community. The program has operated successfully at the Lakeview Elementary School site for many years and continues to provide valuable childcare services to Santa Fe Springs families and surrounding communities. Approval of Amendment Number Two will allow for uninterrupted program operations while maintaining the existing operational framework and responsibilities established under the original agreement.
SUMMARY/NEXT STEPS
Upon approval, Amendment Number Two will extend the agreement term through June 30, 2027, allowing the continued operation of the Options for Learning Surround Care Program at Lakeview Elementary School. Following approval, the City Manager will execute the amendment, and staff will continue coordinating with LLCSD and Options for Learning regarding ongoing program operations.
Staff will also work with Options for Learning to amend the agreement between Options for Learning and the City to ensure alignment with the extended program term and continued service delivery.
CITY COUNCIL AGENDA REPORT – MEETING OF JUNE 2, 2026
APPROVAL OF AMENDMENT NO. TWO TO AGREEMENT BETWEEN THE CITY AND LITTLE LAKE CITY
SCHOOL DISTRICT FOR THE OPTIONS FOR LEARNING CHILD CARE PROGRAM AT LAKEVIEW
ELEMENTARY SCHOOL
ITEM STATUS:
APPROVED: ☐
DENIED: ☐
TABLED: ☐
DIRECTION GIVEN: ☐
____________________________
City Clerk, Maribel Garcia
ATTACHMENT(S):
A. Amendment #2
B. Original Agreement
57019825.1/005269.00020
AMENDMENT NUMBER TWO TO AGREEMENT
BETWEEN THE CITY OF SANTA FE SPRINGS
AND LITTLE LAKE CITY SCHOOL DISTRICT (LLCSD)
This Amendment Number Two ("Second Amendment") is made and entered into this _____day of ____________ ("Effective Date") between the LITTLE LAKE CITY SCHOOL LLCSD (hereinafter referred to as "LLCSD") and the CITY OF SANTA FE SPRINGS, a municipal corporation (hereinafter referred to as "City").
WHEREAS, in 1997, the City and LLCSD entered into an agreement to allow the City to operate a before/after school child care program for school aged children attending Lakeview Elementary School ("Extended Day Services Program");
WHEREAS, on May 24, 2018, the City and LLCSD entered into a new agreement to allow for the operation of the Options for Learning's before and after school Surround Care Program ("Agreement");
WHEREAS, on April 6, 2021, the City and LLCSD entered into “amendment number one” to the Agreement extending the Agreement term through June 30, 2026; WHEREAS, the City and LLCSD's desire to amend the Agreement to extend the term of the Agreement through June 30, 2027.
NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
1. The term set forth in Section 9 of the Agreement is extended through June 30, 2027 to allow for the continued operation of the Options for Learning before and after school Surround Care Program.
2. The Agreement, along with this Second Amendment is hereby deemed a nonexclusive license and is not a lease or other instrument that conveys an interest in real property and, as such, does not impart protections to the Licensee that would be consistent with a lease.
Accordingly, Licensee acknowledges and agrees that upon the expiration or earlier termination of the Agreement, Licensee will not have any right or interest in the Property.
3. The Agreement applies specifically and exclusively to the property identified in the red box shown on Exhibit A.
4. Except as amended herein, all terms, conditions, and provisions of the Agreement shall remain in full force and effect.
5. The Parties and each of their signatories hereto warrant that each has the power and authority to execute this Second Amendment. This Second Amendment shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and assigns.
ATTACHMENT A
57019825.1/005269.00020
6. Except as herein modified, all terms and conditions of the Original Agreement shall remain unchanged and in full force and effect.
IN WITNESS WHEREOF, the parties hereto have set their hand by their duly authorized representatives as of the day and year first above written.
LITTLE LAKE CITY SCHOOL DISTRICT
______________________
Signature
______________________
Printed Name
_____________________
Date
CITY OF SANTA FE SPRINGS
______________________
Signature
______________________
Printed Name
______________________
Date
ATTEST:
________________________________________________
Stephen McLoughlin, Counsel for Little Lake City School LLCSD 57019825.1/005269.00020
Exhibit A
EXHIBIT
ITEM # 14
CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members
FROM: René Bobadilla, P.E., City Manager
BY: Julio Morales, Director of Finance & Administrative Services SUBJECT: FISCAL YEAR 2025-26 BUDGET ADJUSTMENT FOR POLICE DEPARTMENT DATE: June 2, 2026
RECOMMENDATION:
It is recommended that the City Council:
1. Approve staff recommendation of an appropriation of $169,015 to the FY 2025-26 General Fund Budget for establishing the Police Department.
FISCAL IMPACT
The proposed personnel adjustments include two new positions: Police Chief and Management Analyst. The cost for these positions over the final two months of the current fiscal year is $67,615.
The proposed operations and maintenance cost for the final two months of the current fiscal year is $101,400.
BACKGROUND
The City is in the process of establishing a Police Department. At the May 5, 2026, City Council meeting, Council approved the creation of the Police Chief position. In addition to this position, further start-up costs have been identified that will be incurred during the remainder of the 2025-26 fiscal year.
ANALYSIS
The Police Department start-up costs will span the remainder of FY 2025-26 as well as FY 2026-27.
In FY 2025-26 these costs include two new full-time positions and miscellaneous operations and maintenance costs such as legal services, consulting services, office supplies, and public outreach, among others. Attachment A provides a summary of expenses for the final two months of FY 2025-
26. CITY COUNCIL AGENDA REPORT – MEETING OF JUNE 2, 2026 Fiscal Year 2025-26 Budget Adjustment for Police Department
ITEM STATUS:
APPROVED: ☐
DENIED: ☐
TABLED: ☐
DIRECTION GIVEN: ☐
____________________________
City Clerk, Maribel Garcia
ENVIRONMENTAL
N/A
SUMMARY/NEXT STEPS
The proposed FY 2025-26 Budget Adjustment for the establishment of a Police Department is presented to the City Council for further input and direction. Staff will incorporate any direction and input provided by the City Council.
ATTACHMENT(S):
A. FY 2025-26 Budget Adjustment for Police Department
Attachment A
FY 25-26
(May-June)
New Full-Time Positions:
Police Chief1 $ 56,654
Management Analyst2 10,961
New Full-Time Positions 67,615 $
Operations & Maintenance
Contractual Services 60,000 $
Legal Services 8,000
Supplies 8,000
Professional Services 5,500
Computer hardware/software 5,000
Travel & Meetings 5,000
Software Subscription 4,000
Printing & Postage 3,000
Advertising 2,500
Telephone 400
Operations & Maintenance 101,400 $
Total 169,015 $
1 - Police Chief approved at 5/5/25 City Council meeting; budget is for two months 2 - Management Analyst budget for FY 25-26 is for one month FY 2025-26 Budget Adjustment
ITEM # 15
CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members
FROM: René Bobadilla, P.E., City Manager
BY: Julio F. Morales, Director of Finance
SUBJECT: TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED MARCH 31, 2026
DATE: June 2, 2026
RECOMMENDATION(S):
It is recommended that the City Council:
1. Receive and file the report.
FISCAL IMPACT
Investment earnings for the quarter ended March 31, 2026 amounted to $555,333 – the majority of this amount represents unrealized gains and loss in the BlackRock Investment Account managed by Shuster.
BACKGROUND/DISCUSSION
As of March 31, 2026, the City had approximately $105.6 Million in operating funds and reserves are held and maintained in a variety of accounts, held in LAIF, CLASS, Bank of Montreal (BMO), Farmers and Merchant Bank (F&M), and Charles Schwab. Inc.
The Shuster Advisory Group, LLC (“Shuster”) oversees the management of the accounts invested in BlackRock and individual investments (i.e., the “managed portfolio”). Charles Schwab serves as the custodian for these accounts, which performs all trade activity, reporting, and paying agent. Alta Trust serves as the Trustee, which assists in safekeeping of assets and all federal and state compliance reporting.
CITY COUNCIL AGENDA REPORT – MEETING OF JUNE 2, 2026
Treasurer’s report of Investments for the Quarter Ended March 31, 2026
These monies, collectively, represent operating funds and reserves for the City’s General Fund, grant programs, and various special revenue funds (but excluding bond proceeds and Successor Agency funds)
The market value of the City’s investment holding, as of March 31, 2026, is $105,750,707, as summarized in the chart below.
The balance in the City’s operating monies declined in the 1st Quarter due to the payment of large up-front payment due at the beginning of the fiscal year, including the annual pension UAL payment to CalPERS and General Liability and Workers Compensation premiums.
Amounts listed above do not include successor agency assets nor bond proceeds1, which are invested in accordance to provisions in bond legal documents, nor monies set aside to fund a portion of the City’s retirement liabilities “115 Trust” irrevocable trust to fund the City’s retirement 1 Bond proceeds do not need to comply with the provisions of California Government Code § 53601 regarding the investment of government funds, they are invested in accordance to provisions in bond legal documents. The bond reserves and debt service funds for the Water Utility Authority and Successor Agency are held by the City’s bond trustee, U.S. Bank.
A portion of Successor Agency bond funds are held in LAIF: $18.433 million in bond proceeds from 2006A TABs (Account No. 11-19-068) and $355,913 in taxable bonds proceeds from Series 2006B TABs (Account No. 11-19-069). An additional $1,982,013 in Consolidated RDA Account monies are held in Account No. 11-19-036, however, these funds are not confirmed as operating funds or bond funds. US Bank also holds Monies held for third-party conduit debt issuances.
Dec. 30, 2025 March 31, 2026
Institution Purpose Account # Ending Balance Ending Balance %Earned BlackRock (Schwab) Managed Portfolio 4727-5745 $89,138,995 $89,138,995 $536,321 CDs (Schwab) Investments 9853-5216 $1,035,834 $1,030,482 $19,012 LAIF Operating Funds 98-19-840 $1,523,342 $1,539,432 $0 CLASS Operating Funds CA-01-0214-0001 $9,543,022 $0 $0
Farmers & Merchant Bank Balance All Accounts $1,535,102 $13,040,293 $0 Bank of Montreal (BMO) Bank Balance General Fund $517,176 $1,001,506 $0 TOTAL $103,293,472 $105,750,707 $555,333
3rd QUARTER FY 2025-26
CITY COUNCIL AGENDA REPORT – MEETING OF JUNE 2, 2026
Treasurer’s report of Investments for the Quarter Ended March 31, 2026
liabilities: 1) Other Post Employment Benefits “OPEB” for retiree medical and 2) Pension Stabilization Fund (i.e.,“115 Trusts”), as summarized in the chart below:
Dec. 30, 2025 March 31, 2026 Qrt %
Return
Pension $33,846,296 $33,762,772 (0.38%)
OPEB $40,019,838 $39,874,793 (0.39%)
The OPEB portfolio was structured with 70% equity / 30% Fixed Income (Bond), while the Pension Stabilization Fund had a 50% Equity / 50% Bond mix. The results of investment performance for the Pension and OPEB accounts are reported separately by Shuster.
A portion of invested funds are designated for certain purposes, as outlined in the City’s adopted Reserve Policies. Other funds are legally restricted, in accordance with specific grant or program guidelines. This report does not provide a breakdown of the allocation of monies among funds, uses, or programs - it simply provides a summary on monies held for investment and earning realized over the past quarter.
ANALYSIS
The City’s managed portfolio generated interest income in the amount of BlackRock, totaling $536,321 for the most recent quarter. The interest income represents actual cash receipts received by the City, plus the amortization of any discounts or premiums, as well as realized gains and losses. The figure does not include unrealized gains or losses (i.e. changes in market value).
The other monies invested with Shuster were CD investments previously purchased by PFM and retained by Shuster, equal to $1,030,482.
In addition to the BlackRock managed portfolio, the City’s other investments are the Local Agency Investment Fund (“LAIF”), a pooled investment fund managed by the California State Treasurer; the California Asset Management Program (“CLASS”). • LAIF return = 3.98%
• CLASS return= 3.70%
CITY COUNCIL AGENDA REPORT – MEETING OF JUNE 2, 2026
Treasurer’s report of Investments for the Quarter Ended March 31, 2026
Benchmark Performance
Total return (as opposed to the yield) takes into account realized and unrealized gains/losses, it is generally compared against a target benchmark to evaluate portfolio performance2.
The total return for the City’s portfolio for the quarter ended March 31, 2026 was 0.37% vs. the City’s benchmark the ICE BofA 1-5 Year U.S. Gov & Corporate Index total return of 0.17%; the City’s portfolio outperformed the benchmark by 0.20%.
ENVIRONMENTAL
N/A
SUMMARY/NEXT STEPS
The attached report contains a summary of Shuster’s performance in the managed portfolio (BlackRock). Shuster and Staff will continue to work with the City Council to review any proposed changes to the portfolio make-up.
ATTACHMENT(S):
A. Shuster Investment Performance Reports
2 Total return on the other hand, is a backward-looking measurement focused on not only interest earned, but also realized and unrealized gains/losses. Realized gains/losses result from selling a security at a price higher or lower than was actually paid to purchase it. Unrealized gains/losses result from market value increases and decreases in security values for securities which are still held in the portfolio.
Of particular importance to the City’s portfolio is the inverse relationship between yield and market value. In general, when yields go up, market values go down, and vice versa. For example, if the City is holding a bond which pays 1.0% and the market yield increases to 1.1% the market value of the City’s 1.0% security will decline so that an investor purchasing the security would pay a price below face value which would cause the security to yield 1.1% even though it only pays 1.0%. If held until maturity, the security would pay the full face value along with the 1.0% stated interest throughout the term. In other words, “unrealized” gains/losses are not “realized” unless the security is actually sold prior to maturity.
The unrealized losses simply represent the amount that the City would lose, if the security was sold in the current market conditions. It is not an actual loss of the City’s principal value invested. It is also important to remember that rising yield markets are good in the sense that as securities mature, they are replaced 1st Quarter 2026
City of Santa Fe Springs
Prepared by
1 2
3 4
US Stocks ANNUALIZED Asset Class QTR 1 Year 3 Years 5 Years 10 Years 15 Years 20 Years Small Value 4.96 28.09 13.80 5.79 9.61 8.62 6.98 Large Value 2.10 15.87 14.31 9.43 10.58 10.47 8.12 Small Cap 0.89 25.72 13.05 3.77 9.88 8.98 7.54 Small Growth -2.81 23.58 12.27 1.62 9.79 9.09 7.88 Marketwide -3.96 18.09 17.86 10.87 13.72 12.81 10.26 Large Cap -4.18 17.74 18.14 11.34 13.97 13.09 10.46 Large Growth -9.78 18.81 21.18 12.76 16.83 15.33 12.48 The US equity market posted negative returns for the quarter and underperformed both non- US developed and emerging markets. Value outperformed growth. Small caps outperformed large caps. REIT indices outperformed equity market indices. World Market Capitalization Periodic Returns (%) US Market $62.6 trillion Ranked Returns (%) Small Value Large Value Small Cap Small Growth Marketwide Large Cap Large Growth 4.96 2.10 0.89 -2.81 -3.96 -4.18 -9.78 63% US Market 5
3.99 0.68 0.53 0.51 -3.21 2.50 -0.37 -0.86 -0.94 -4.60 Local currency US currency International Developed Stocks Developed markets outside of the US posted negative returns for the quarter and outperformed US markets, but underperformed emerging markets. Value outperformed growth. Small caps outperformed large caps. International Developed Markets $26.6 trillion World Market Capitalization Ranked Returns (%) Value Small Cap Marketwide Large Cap Growth ANNUALIZED Asset Class QTR 1 Year 3 Years 5 Years 10 Years 15 Years 20 Years Value 2.50 32.19 20.37 12.69 9.71 6.50 5.14 Small Cap -0.37 29.19 13.77 5.40 7.95 6.56 5.49 Marketwide -0.86 23.84 14.23 7.96 8.56 6.29 5.25 Large Cap -0.94 22.99 14.30 8.40 8.66 6.26 5.17 Growth -4.60 13.95 8.34 3.99 7.31 5.79 5.01 Periodic Returns (%) 26% International Developed Markets 6
3.38 2.12 2.12 2.12 0.861.10 -0.17 -0.24 -0.74 -1.43 Local currency US currency Emerging Markets Stocks ANNUALIZED Asset Class QTR 1 Year 3 Years 5 Years 10 Years 15 Years 20 Years Value 1.10 28.65 15.52 6.14 7.27 2.70 5.10 Large Cap -0.17 29.55 14.84 3.69 7.80 3.67 5.38 Marketwide -0.24 28.88 14.67 4.03 7.82 3.75 5.55 Small Cap -0.74 24.55 13.74 6.68 8.13 4.44 6.59 Growth -1.43 30.21 14.11 1.36 8.22 4.53 5.57 Emerging Markets posted negative returns for the quarter and outperformed both US and non-US developed markets. Value outperformed growth. Small caps underperformed large caps. Emerging Markets $11.7 trillion World Market Capitalization Periodic Returns (%) Ranked Returns (%) Value Large Cap Marketwide Small Cap Growth 11% Emerging Markets 7 -25% -20% -15% -10%-5%0%5% 10% 15% 20% 25% 30%
Norway
Peru
Brazil
Colombia
Korea
Thailand
Turkey
Portugal
Taiwan
Saudi Arabia
Mexico
Hong Kong
Hungary
Israel
Netherlands
Malaysia
Canada
Japan
Australia
UK
Poland
Finland
Singapore
Belgium
Chile
Spain
Philippines
Egypt
Qatar
South Africa
Italy
Greece
US
Austria
Switzerland
New Zealand
Sweden
France
Kuwait
UAE
Germany
China
Ireland
Czech Republic
Denmark
India
Indonesia Country Returns
Global 8
9 Global Fixed Income Interest rates generally increased across global developed markets for the quarter. Realized term premiums were negative across global developed markets, as shorter-term bonds generally outperformed longer-term bonds. In Canada, Germany, UK, Australia and Japan, the intermediate- to longer-term maturity range remained upwardly sloped. In Canada and Germany, the short-term maturity range steepened. However, in Australia and the UK, the short-term maturity segment flattened and inverted, respectively. 1Y 5Y 10Y 20Y 30Y US 22.7 23.3 15.1 10.1 5.9 UK 80.1 49.4 38.6 35.3 33.1 Germany 52.3 27.9 14.1 6.0 -0.5 Japan 20.4 23.8 27.4 30.8 28.9 Canada 25.1 9.8 3.9 1.8 2.0 Australia 48.5 36.4 23.6 16.4 15.0 Changes in Yield (bps) Since 12/31/2025 US UK Germany Japan Canada Australia 12/31/2025 3/31/2026 0.0 1.0 2.0 3.0 4.0 5.0 6.0 1Y 5Y 10Y 20Y 30Y Yield (%) Years to Maturity 12/31/2025 3/31/2026 0.0 1.0 2.0 3.0 4.0 5.0 6.0 1Y 5Y 10Y 20Y 30YYield (%) Years to Maturity 12/31/2025 3/31/2026 0.0 1.0 2.0 3.0 4.0 5.0 6.0 1Y 5Y 10Y 20Y 30Y Yield (%) Years to Maturity 12/31/2025 3/31/2026 0.0 1.0 2.0 3.0 4.0 5.0 6.0 1Y 5Y 10Y 20Y 30Y Yield (%) Years to Maturity 12/31/2025 3/31/2026 0.0 1.0 2.0 3.0 4.0 5.0 6.0 1Y 5Y 10Y 20Y 30Y Yield (%) Years to Maturity 12/31/2025 3/31/2026 0.0 1.0 2.0 3.0 4.0 5.0 6.0 1Y 5Y 10Y 20Y 30YYield (%) Years to Maturity 10 Real Estate Investment Trusts (REITs) ANNUALIZED Asset Class QTR 1 Year 3 Years 5 Years 10 Years 15 Years 20 Years US REITS 4.64 7.23 9.15 5.59 4.76 7.12 5.46 Global ex US REITS -7.88 10.68 3.99 -0.99 0.95 2.79 2.21 US real estate investment trusts outperformed non-US REITs during the quarter. 70%US 30% Global ex US US$1,107 billion 100 REITs Global ex US $467 billion 277 REITs (26 other countries) Total Value of REIT Stocks Periodic Returns (%) Ranked Returns (%) US REITS Global ex US REITS 4.64 -7.88 11 Commodities The Bloomberg Commodity Total Return Index returned +24.41% for the first quarter of 2026. Low Sulphur Gas Oil and Heating Oil were the best performers, returning +108.53% and +106.43% for the quarter, respectively. Coffee and Lead were the worst performers, returning -12.44% and -6.98% for the quarter, respectively. ANNUALIZED QTR 1 Year 3 Years 5 Years 10 Years 15 Years 20 Years 24.41 32.29 13.88 14.04 8.02 0.06 0.68 Commodities Periodic Returns (%) Commodities Ranked Returns (%) -1.30 -4.17 -6.98 -12.44 108.53 106.43 79.80 75.84 66.51 41.98 21.67 20.70 17.65 11.35 7.14 6.98 6.50 6.31 6.25 4.97 4.67 2.78 2.38 0.45 Low Sulphur Gas Oil Heating Oil WTI Crude Oil Brent Crude Oil Unleaded Gas Soybean Oil Kansas Wheat Wheat Aluminum Soybean Gold Sugar Live Cattle Cotton Silver Soybean Meal Zinc Corn Nickel Lean Hogs Copper Natural Gas Lead Coffee 12 Geopolitical Risk Wars such as the one unfolding in Iran are always disturbing. For investors, there’s additional concern over whether these conflicts will spill over into their investment performance. But it’s important for investors to be cautious about making asset allocation changes in response to such events. Markets are forward-looking. Prices move in response to changes in information. When unexpected developments arise that investors deem to be poor for markets, markets often drop. But the flip side is markets always set prices for positive expected returns. Once the news gets reflected in market prices, investors can still expect positive returns even amid worrisome circumstances. This is borne out in historical stock returns. Global equity markets have continued an upward climb even in the face of economic and political upheavals. We don’t have to look far for illustrative examples. During the past few years, stock markets have had positive returns despite multiple wars being fought around the world. This is not to trivialize the destruction wars bring and their impact on geopolitical risks. But history suggests investors may not help themselves by divesting from stocks. For long- term investors, the best bet is usually to stay the course. 1st Quarter 2026 Wes Crill, PhD, Senior Client Solutions Director and Vice President, Dimensional Fund Advisors MARKETS HAVE REWARDED DISCIPLINE Growth of $1—MSCI World Index (net dividends), 1970–2025 13 Geopolitical Risk 14
First Quarter 2026
Market Commentary
Market Overview
Global financial markets endured a turbulent first quarter of 2026, shaped by an escalation of geopolitical conflict in the Middle East, renewed tariff uncertainty in the United States, and a pronounced rotation away from high-growth technology stocks. The MSCI World Index declined 3.6% in U.S. dollar terms, while the Bloomberg Commodity Index surged 24.4% to claim the top spot among major asset classes. The quarter began on constructive footing with U.S. Equities reaching a record high in mid-January on the back of solid economic fundamentals, robust corporate earnings, and steady consumer spending, but sentiment deteriorated sharply as the period progressed. U.S. and Israeli military strikes on Iran at the end of February disrupted oil flows through the Strait of Hormuz, sending Brent crude above $100 per barrel and triggering broad risk aversion across Equity and Fixed Income markets. Concurrently, the U.S.
Supreme Court ruled the administration’s use of the International Emergency Economic Powers Act (IEEPA) to impose “reciprocal” tariffs unconstitutional, prompting the White House to implement a flat 10% tariff on all imports and injecting further uncertainty into the global trade landscape. The combination of energy price shocks and policy unpredictability produced a notable style divergence: Value stocks outperformed Growth by a wide margin (+1.3% versus -8.4%), while the U.S. dollar rallied as trades that had been popular prior to the conflict, including Gold and Emerging Market Equities, unwound.
Source: FactSet, FTSE Russell, Standard & Poor’s, J.P. Morgan Asset Management.
Guide to the Markets – U.S. Data are as of April 13, 2026.
Economic Overview
The macroeconomic backdrop entering 2026 remained broadly constructive, though the events of the quarter introduced meaningful crosscurrents for policymakers. In the United States, the Federal Reserve held the Federal Funds rate steady in the 3.50%–3.75% range throughout the quarter. Chair Powell noted at the March meeting that the Fed would need to see further “progress on inflation” before considering additional rate cuts, while the Federal Open Market Committee (FOMC) maintained its outlook for one rate cut later in the year. Labor market data presented a mixed picture as a strong January employment report was followed by non-farm payrolls shrinking by 92,000 in February, well below consensus expectations for a 60,000 increase. The United States, as a net energy exporter, was relatively insulated from the oil price shock compared to its developed-market peers. Global real GDP growth, as measured by the Federal Reserve Bank of Dallas on a trade-weighted basis, had registered 2.6% through the first three quarters of 2025, only modestly below 2024’s 2.8% pace, and corporate profitability across the G7 remained on solid footing, with gross operating surplus of nonfinancial companies up 5.0% year-over-year in Q2 2025. Overseas, the European Central Bank left its deposit rate unchanged at 2.0% but strongly signaled the possibility of rate hikes as Euro area inflation rose to 2.5% in March from 1.9% in February.
The Bank of England unanimously held its base rate at 3.75% with a hawkish tone, as UK inflation held steady at 3.0% and the energy shock heightened concerns about persistent price pressures. In Japan, the Bank of Japan held rates at 0.75% but warned that higher energy prices risk stoking underlying inflation.
Looking ahead, the lagged effects of 2025 rate cuts, the retroactive fiscal provisions of the One Big Beautiful Bill Act (OBBBA), including larger-than-usual U.S. tax refunds in February and March, and planned fiscal easing in Japan and parts of Europe, should provide tailwinds for global growth in the quarters ahead.
Source: Bloomberg, FactSet, Federal Reserve, J.P. Morgan Asset Management.
Guide to the Markets – U.S. Data are as of April 13, 2026.
U.S. Equities
The S&P 500 Index fell 4.3% during the first quarter, marking its weakest quarterly performance since 2022. After reaching an all-time high in mid-January amid expectations for continued earnings growth across multiple sectors, the Index retreated as two distinct headwinds converged. First, the technology sector came under significant pressure as an evolving narrative around Artificial Intelligence (AI) created a dichotomy within the space where investors rotated toward AI infrastructure businesses such as semiconductors, cloud computing, and data-center providers, while aggressively selling traditional software stocks over concerns that generative AI could undermine the software-as-a-service (SaaS) subscription model. U.S. software stocks declined 23% from the beginning of the year through late February. Even as technology companies posted strong fourth-quarter earnings, investors increasingly scrutinized the ability of hyperscalers to deliver returns against ever-increasing levels of AI-related capital expenditure. Second, the geopolitical shock at the end of February compounded the selloff, as the surge in oil prices and associated risk aversion drove broad-based declines with the technology sector down
3.8% in March alone versus -5.0% for the broader market. Energy stocks were the standout performers for the quarter, with integrated producers, refiners, and energy infrastructure companies all benefiting from higher oil prices. Basic materials companies, including miners, chemical producers, and commodity processors, also fared well amid supply disruptions and the ability to pass through higher input costs.
Mega-cap technology and communications companies, which account for roughly 53% of S&P 500 earnings growth expectations for 2026 and approximately 40% of the index by market capitalization, remain fundamental to any constructive equity outlook.
Source: FactSet, FTSE Russell, Standard & Poor’s, J.P. Morgan Asset Management.
Guide to the Markets – U.S. Data are as of April 13, 2026.
International Equities
International Equity markets exhibited wide regional dispersion during the quarter. Japan’s TOPIX Index was the best-performing major developed market, rising 3.6% in local currency terms, supported by yen weakness and a resounding victory for the Liberal Democratic Party (LDP) in the February snap election for the House of Representatives, which boosted expectations for political stability and pro-growth fiscal policies. However, Japanese Equities experienced a pullback in March as the Middle East conflict and higher energy prices weighed on the country’s energy-import-dependent economy. European Equities declined, with the MSCI Europe ex-UK Index falling 2.3% as elevated geopolitical tensions rattled markets and the sharp increase in European gas prices, while not at the levels seen during the 2022 energy crisis, generated renewed concerns about the region’s growth outlook. Euro area composite PMI readings slowed to 50.5 in March from 51.9 in February, signaling a deceleration in economic activity. The UK’s FTSE All-Share Index bucked the broader trend, delivering positive returns of 2.4%, supported by the Index’s relatively large weighting in the energy sector and a weaker pound sterling that provided a tailwind for export-oriented companies. Emerging Market (EM) Equities, as measured by the MSCI Emerging Markets Index, posted a modest decline of 0.1% in U.S. dollar terms, outperforming their developedmarket counterparts. The quarter was a tale of two halves where technology-oriented markets in Korea and Taiwan led EM outperformance in January and February on the back of strong AI-related semiconductor demand, before the Middle East conflict triggered a sharp reversal in March as high energy costs and supply chain disruptions weighed on energy-importing nations. Latin American markets, notably Colombia, Brazil, and Peru, were among the top performers. Overall, both Developed and Emerging Market Equities continue to provide diversified exposure to strong earnings growth.
Source: FactSet, MSCI, Standard & Poor’s, J.P. Morgan Asset Management.
Guide to the Markets – U.S. Data are as of April 13, 2026.
Fixed Income
Global government bond markets were volatile throughout the quarter and sold off sharply as higher energy prices fueled inflation concerns, prompting markets to shift abruptly from pricing rate cuts to pricing rate hikes in several major economies. U.S. Treasuries proved the most resilient among major sovereign bond markets, returning approximately flat for the quarter. The United States’ position as a net energy exporter insulated it from the worst of the energy price shock, while the cooling labor market helped keep domestic price pressures at bay. Short-dated bonds were hit particularly hard globally as interest rate expectations repriced higher. UK Gilts were the laggard among developed-market sovereigns, falling 2.0% over the quarter. Prior to the Middle East conflict, Gilts had been the topperforming sovereign market as evidence of finally abating price pressures fueled expectations for nearterm rate cuts from the Bank of England. However, the energy shock left the UK particularly vulnerable given its high dependence on natural gas, and the BoE’s unanimously hawkish March meeting, with even the arch-dove on the Monetary Policy Committee alluding to the possibility of needing to hike rates, pushed yields sharply higher. European Government Bonds also came under pressure, with the broad eurozone index falling 0.6%, while Japanese Government Bonds (JGBs) declined 1.6% as longer-dated JGBs sold off amid expectations for looser fiscal policy under Prime Minister Takaichi’s administration and the Bank of Japan’s openness to further rate hikes. In credit markets, U.S. Corporate Bonds outperformed their European counterparts in both investment grade and high yield segments. The energy price shock and potential for pass-through into higher inflation weighed more heavily on European credit spreads.
Looking ahead, we are closely monitoring global duration exposure in light of resilient economic growth, a policy path that remains uncertain rather than definitively dovish, and the trajectory of fiscal spending across major economies.
Source: Bloomberg, FactSet, J.P. Morgan Asset Management.
Guide to the Markets – U.S. Data are as of April 13, 2026.
Outlook and Positioning
Despite the volatility that characterized the first quarter, the fundamental underpinnings of the global economy remain broadly intact. Corporate profitability across the G7 continues to support economic growth, and companies in advanced economies have built resilience into their balance sheets with low leverage and substantial liquidity buffers. Monetary policy tailwinds should bolster growth in the coming quarters through the lagged effects of 2025 rate cuts, fiscal support from the OBBBA in the U.S., and planned easing in Japan and parts of Europe. Within Equities, the technology and AI sectors remain critical drivers of growth given their superior earnings generation and cash flow profiles, even as near-term fatigue and rotation persist. We continue to view headline-driven pullbacks as potential opportunities to add quality exposure, as forward earnings expectations for the S&P 500 and most major regions continue to be revised higher. A robust global capital expenditure pipeline, coupled with evolving AI infrastructure needs, is expected to drive sustained demand for natural resources and specialized industrial suppliers, creating both upstream and downstream investment opportunities. Gold continues to serve as a strategic diversifier, reflecting late-cycle risks, policy uncertainty, and persistent central bank demand in an increasingly multipolar world. Key risks on the horizon include a potential hawkish monetary policy tilt should inflation prove stickier than expected, disruptions in AI investment timelines that could pressure technology valuations, and ongoing uncertainty surrounding U.S. trade policy following the IEEPA ruling.
Navigating these crosscurrents will require discipline and selectivity, and we believe a balanced risk-on posture, anchored in high-quality earnings growth with diversification through International Equities and duration management, remains the prudent approach for the quarters ahead.
Source: Bloomberg, FactSet, Standard & Poor's, J.P. Morgan Asset Management.
Guide to the Markets – U.S. Data are as of April 13, 2026.
Important Disclosures
This market commentary is provided for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer or solicitation to buy or sell any securities. The information and opinions expressed herein are based on sources believed to be reliable as of the date of publication, but Shuster Advisory Group, LLC makes no representation as to their accuracy or completeness.
Past performance is not a guarantee of future results. All indices referenced herein are not available for direct investment, and their performance does not reflect the expenses associated with the management of an actual portfolio, including but not limited to advisory fees, transaction costs, and taxes. Actual investment results may differ materially. Market data and index performance are sourced from Bloomberg, MSCI, Russell Investments, S&P Dow Jones Indices, and other third-party data providers as cited.
Economic commentary, forward-looking statements, market forecasts, and sector outlooks represent Shuster Advisory Group, LLC’s analysis and interpretations. These views are subject to change without notice based on market conditions and other factors and should not be relied upon as the sole basis for investment decisions.
Investment Risks: All investments involve risk, including the possible loss of principal. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for any particular investor.
Equity Securities: Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Small-cap and mid-cap stocks may be subject to greater volatility and liquidity risk than large-cap stocks. Growth stocks may be more volatile than value stocks. International and emerging market investments involve special risks including currency fluctuations, different accounting standards, political and economic instability, less liquidity, and higher volatility.
Fixed Income Securities: Bond prices move inversely to changes in interest rates. When interest rates rise, bond prices generally fall. Fixed income securities are also subject to credit risk, call risk, inflation risk, and liquidity risk. High-yield bonds (“junk bonds”) involve greater credit risk and price volatility than investment-grade bonds. Mortgage-backed securities are subject to prepayment and extension risk. Emerging market debt involves heightened credit risk and currency risk.
Commodities: Commodity investments are subject to higher volatility than traditional securities and can be affected by increased economic, political, and regulatory uncertainties.
Forward-Looking Statements: This commentary contains forward-looking statements regarding economic conditions, market trends, investment strategies, earnings projections, and policy expectations. These statements are based on current expectations and assumptions and are subject to significant uncertainties, risks, and changes in circumstances. Actual events, results, or outcomes may differ materially from those projected.
Shuster Advisory Group, LLC undertakes no obligation to update these statements. References to specific securities, sectors, or investment themes (including but not limited to artificial intelligence investments and semiconductor companies) are for illustrative purposes only and should not be construed as recommendations to purchase or sell such securities. The performance of individual securities may not be representative of broader market performance. Asset allocation and diversification strategies do not guarantee profit or protect against loss in declining markets.
Rebalancing may have tax consequences. This commentary does not take into account any individual’s personal financial situation, investment objectives, risk tolerance, time horizon, or tax circumstances. Before making any investment decision, you should consult with a qualified financial advisor to discuss your specific situation and needs.
Index Definitions: S&P 500 Index measures the performance of 500 large-cap U.S. stocks. Russell 1000 and Russell 2000 indices represent largecap and small-cap U.S. stocks, respectively. MSCI World Index captures large and mid-cap representation across 23 developed markets. MSCI EAFE Index captures large and mid-cap representation across developed markets excluding the U.S. and Canada. MSCI Emerging Markets Index captures large and mid-cap representation across emerging market countries. MSCI Europe ex-UK Index captures large and mid-cap representation across European developed markets excluding the United Kingdom. Bloomberg U.S. Aggregate Bond Index represents the U.S. investment-grade bond market. Bloomberg Commodity Index tracks the performance of exchange-traded commodity futures. TOPIX Index measures the performance of all domestic common stocks listed on the Tokyo Stock Exchange. FTSE All-Share Index measures the performance of all eligible companies listed on the London Stock Exchange.
Shuster Advisory Group, LLC is a registered investment advisor. For more information about our advisory services, fees, and potential conflicts of interest, please refer to our Form ADV Part 2A brochure, which is available upon request or at www.adviserinfo.sec.gov.
Investment products are not FDIC insured, not bank guaranteed, and may lose value.
Client Return Summary: Net of Fees
Account Details
Account Name Account
Number
Mgmt. Style 1/1/2026
Value
3/31/2026
Value
Net
Investment
Period
Return
%
3 Months
%
YTD % 1 Year
%
3 Year % Inception %
8/9/2024
City of Santa Fe Springs - - 40,019,838.16 39,874,792.79 -1,986.02 -0.39 -0.84 -0.39 17.23 - 13.22 70% Equity 30% Taxable Bond - - - - - -1.21 -1.63 -1.21 16.17 - 11.76 City of Santa Fe Springs OPEB 69751306 Gov 70/30 40,019,838.16 39,874,792.79 -1,986.02 -0.39 -0.84 -0.39 17.23 - 13.22 City of Santa Fe Springs Date Range
1/1/2026 - 3/31/2026
Benchmark(s)
70% Equity 30% Taxable Bond
Methodology Report Currency
TWR US Dollar
Cumulative Client Return (Time Weighted)
01/01/26 01/16/26 01/31/26 02/15/26 03/02/26 03/17/26 03/31/26 -5.00%
0.00%
5.00%
10.00%
City of Santa Fe Springs 70% Equity 30% Taxable Bond
Asset Allocation
Asset Allocation Account %
Bond 28.64
Equity 71.13
Money Market 0.23
100.00
Client Return Summary: Net of Fees
Account Value Change
Account Name Account Number Mgmt. Style 1/1/2026 Value Additions Withdrawals Period investment Gain/Loss
3/31/2026 Value
City of Santa Fe Springs OPEB 69751306 Gov 70/30 40,019,838.16 $0.00 -$1,986.02 -$143,059.35 39,874,792.79 Total - - 40,019,838.16 $0.00 -$1,986.02 -$143,059.35 $39,874,792.79 Asset Allocation
Account Name Account Number Mgmt. Style Bond % Equity % Money Market % Market Value Percent Asset %
City of Santa Fe Springs OPEB 69751306 Gov 70/30 28.64 % 71.13 % 0.23 % $39,874,792.79 100.00 Total - - 39,874,792.79 100.00
City of Santa Fe Springs Date Range
1/1/2026 - 3/31/2026
Benchmark(s)
70% Equity 30% Taxable Bond
Methodology Report Currency
TWR US Dollar
City of Santa Fe Springs OPEB 69751306 Gov 70/30
Performance Details Date Range Methodology Report Currency 1/1/2026 to 3/31/2026 TWR US Dollar
% Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)
0.23 Cash 90,333.21 0.00 0.00 0.00 0.04 - -
0.23 Schwab Bank Sweep SchwabCash 90,333.21 0.00 0.00 0.00 0.04 - -
5.59 Diversified Emerging Mkts 2,229,753.48 -9.13 3.50 3.76 36.72 - - -
MSCI EM (Emerging Markets) IMI (TR
Net) - -12.81 -0.07 -0.24 28.88 - -
5.59 iShares Core MSCI Emerging Markets
ETF IEMG 2,229,753.48 -9.13 3.50 3.76 - - -
11.25 Foreign Large Blend 4,487,017.92 -7.88 2.65 3.18 - - - - MSCI EAFE (TR grs) - -10.19 -1.37 -1.12 - - -
11.25 Avantis International Equity ETF AVDE 4,487,017.92 -7.88 2.65 3.18 - - -
8.52 Foreign Large Value 3,395,945.43 -6.78 3.72 4.12 31.77 - - - MSCI EAFE Value (TR Net) - -8.90 1.72 2.00 30.05 - -
8.52 iShares MSCI EAFE Value EFV 3,395,945.43 -6.78 3.72 4.12 31.77 - -
2.33 Global Bond-USD Hedged 928,760.04 -2.80 -1.09 -1.04 - - -
2.33 JPMorgan International Bond
Opportunities ETF JPIB 928,760.04 -2.80 -1.09 -1.04 - - -
4.99 Infrastructure 1,989,634.49 -4.76 8.04 9.01 28.90 - - - S&P 500 Utilities Sector - -3.21 7.59 8.26 19.71 - -
4.99 iShares US Infrastructure ETF IFRA 1,989,634.49 -4.76 8.04 9.01 28.90 - -
4.75 Intermediate Core-Plus Bond 1,892,123.82 -1.78 -0.28 0.02 4.53 - - - Bloomberg Intermediate US Aggregate - -1.34 0.04 0.11 4.83 - -
4.75 Fidelity Total Bond ETF FBND 1,892,123.82 -1.78 -0.28 0.02 4.63 - -
28.96 Large Blend 11,546,629.51 -5.17 -4.73 -4.04 17.09 - - - S&P 500 (TR) - -4.98 -5.03 -4.33 17.80 - -
18.23 iShares Core S&P 500 IVV 7,268,145.59 -4.99 -5.07 -4.38 17.75 - -
6.41 iShares MSCI USA Quality Factor ETF QUAL 2,555,396.99 -6.17 -3.89 -3.17 13.33 - -
4.32 iShares US Equity Factor Rotation Active
ETF DYNF 1,723,086.93 -4.43 -4.75 -4.06 20.53 - -
% Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)
2.84 Large Growth 1,132,883.14 -5.34 -8.79 -8.12 22.57 - -
2.84 SPDR S&P 500 Growth ETF SPYG 1,132,883.14 -5.34 -8.79 -8.12 - - -
6.13 Large Value 2,444,134.99 -3.51 -0.37 0.31 13.36 - - - S&P 500 Value - -4.57 -0.68 0.03 12.91 - -
0.00 SPDR S&P 500 Value ETF SPYV 39.79 -4.53 -0.79 -0.11 - - -
6.13 Avantis US Large Cap Value ETF AVLV 2,444,095.20 -3.51 - -3.29 - - -
15.61 Multisector Bond 6,225,303.03 -2.17 -0.39 -0.55 6.04 - -
10.50 PIMCO Income Fund Instl PIMIX 4,185,395.79 -2.45 -0.30 -0.62 6.69 - -
2.54 PIMCO Multisector Bond ETF PYLD 1,012,918.20 -2.27 -1.10 -0.92 - - -
2.58 Tcw Flexible Income Etf FLXR 1,026,989.04 -0.91 0.20 0.17 - - -
2.85 Technology 1,136,521.34 -3.89 -8.24 -7.37 29.28 - -
2.85 Vanguard Information Technology VGT 1,136,521.34 -3.89 -8.24 -7.37 29.28 - -
5.96 Private Debt 2,375,752.39 0.00 1.31 1.31 3.53 - -
5.96 Thorofare Asset Based Lending Fund V
Lp 88599T108 2,375,752.39 0.00 1.31 1.31 3.53 - -
Total 39,874,792.79 1.99 -0.84 -0.39 17.23 - -
Portfolio Holdings
4 City of Santa Fe Springs OPEB, RPS Custodial Plan
Client Position Summary by Account Date Range Report Currency 1/1/2026 to 3/31/2026 US Dollar
Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 39,874,792.79 100.00
Vanguard Information Technology Stock/ETF 570.92 697.72 1,628.91 1,136,521.34 2.85 Thorofare Asset Based Lending Fund V Lp Stock/ETF 0.00 1.00 2,375,752.39 2,375,752.39 5.96 Tcw Flexible Income Etf Stock/ETF 39.51 39.27 26,152.00 1,026,989.04 2.58 SPDR S&P 500 Value ETF Stock/ETF 59.22 56.58 0.70 39.79 0.00 SPDR S&P 500 Growth ETF Stock/ETF 76.68 97.91 11,570.66 1,132,883.14 2.84 Schwab Bank Sweep Mutual Fund - 1.00 90,333.21 90,333.21 0.23 PIMCO Multisector Bond ETF Stock/ETF 26.49 26.20 38,661.00 1,012,918.20 2.54 PIMCO Income Fund Instl Mutual Fund 10.76 10.78 388,255.64 4,185,395.79 10.50 JPMorgan International Bond Opportunities ETF Stock/ETF 48.74 47.82 19,422.00 928,760.04 2.33 iShares US Infrastructure ETF Stock/ETF 48.43 57.20 34,783.82 1,989,634.49 4.99 iShares US Equity Factor Rotation Active ETF Stock/ETF 46.27 58.18 29,616.48 1,723,086.93 4.32 Asset Allocation
Asset Allocation Account
%
Bond 28.64
Equity 71.13
Money Market 0.23
100.00
Aggregated Investment Activity (1 Yr)
04/01/25 10/01/25 03/31/26
$30,000,000.00
$35,000,000.00
$40,000,000.00
$45,000,000.00
City of Santa Fe Springs OPEB, RPS Custodial Plan
Top 5 Securities for Client
Name % Aggregate
iShares Core S&P 500 18.23 %
iShares MSCI EAFE Value 8.52 %
PIMCO Income Fund Instl 10.50 %
iShares MSCI USA Quality Factor
ETF 6.41 %
Avantis International Equity ETF 11.25 %
Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 39,874,792.79 100.00
iShares MSCI USA Quality Factor ETF Stock/ETF 170.33 191.81 13,322.54 2,555,396.99 6.41 iShares MSCI EAFE Value Stock/ETF 54.96 74.35 45,675.12 3,395,945.43 8.52 iShares Core S&P 500 Stock/ETF 530.92 653.21 11,126.81 7,268,145.59 18.23 iShares Core MSCI Emerging Markets ETF Stock/ETF 48.73 69.75 31,967.79 2,229,753.48 5.59 Fidelity Total Bond ETF Stock/ETF 46.16 45.62 41,475.75 1,892,123.82 4.75 Avantis US Large Cap Value ETF Stock/ETF 83.59 80.61 30,320.00 2,444,095.20 6.13 Avantis International Equity ETF Stock/ETF 77.88 84.84 52,888.00 4,487,017.92 11.25 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs OPEB 69751306 Gov 70/30 - - - 39,874,792.79 100.00 Vanguard Information Technology Stock/ETF 570.92 697.72 1,628.91 1,136,521.34 2.85 Thorofare Asset Based Lending Fund V Lp Stock/ETF 0.00 1.00 2,375,752.39 2,375,752.39 5.96 Tcw Flexible Income Etf Stock/ETF 39.51 39.27 26,152.00 1,026,989.04 2.58 SPDR S&P 500 Value ETF Stock/ETF 59.22 56.58 0.70 39.79 0.00 SPDR S&P 500 Growth ETF Stock/ETF 76.68 97.91 11,570.66 1,132,883.14 2.84 Schwab Bank Sweep Mutual Fund - 1.00 90,333.21 90,333.21 0.23 PIMCO Multisector Bond ETF Stock/ETF 26.49 26.20 38,661.00 1,012,918.20 2.54 PIMCO Income Fund Instl Mutual Fund 10.76 10.78 388,255.64 4,185,395.79 10.50 JPMorgan International Bond Opportunities ETF Stock/ETF 48.74 47.82 19,422.00 928,760.04 2.33 iShares US Infrastructure ETF Stock/ETF 48.43 57.20 34,783.82 1,989,634.49 4.99 iShares US Equity Factor Rotation Active ETF Stock/ETF 46.27 58.18 29,616.48 1,723,086.93 4.32 iShares MSCI USA Quality Factor ETF Stock/ETF 170.33 191.81 13,322.54 2,555,396.99 6.41 iShares MSCI EAFE Value Stock/ETF 54.96 74.35 45,675.12 3,395,945.43 8.52 iShares Core S&P 500 Stock/ETF 530.92 653.21 11,126.81 7,268,145.59 18.23 iShares Core MSCI Emerging Markets ETF Stock/ETF 48.73 69.75 31,967.79 2,229,753.48 5.59 Fidelity Total Bond ETF Stock/ETF 46.16 45.62 41,475.75 1,892,123.82 4.75 Avantis US Large Cap Value ETF Stock/ETF 83.59 80.61 30,320.00 2,444,095.20 6.13 Avantis International Equity ETF Stock/ETF 77.88 84.84 52,888.00 4,487,017.92 11.25
Transactions
5 City of Santa Fe Springs OPEB - XXXX1306 - Gov 70/30
Trade Date Activity Security Settle Date Quantity Amount Symbol 1/2/2026 Buy Exchange Fidelity Total Bond ETF 1/2/2026 213.75 $9,847.61 FBND 1/2/2026 Dividend to Cash Fidelity Total Bond ETF 1/2/2026 0.00 $9,847.61 FBND 1/5/2026 Buy Exchange JP Morgan Income ETF 1/5/2026 0.00 $0.08 JPIE 1/5/2026 Dividend to Cash JP Morgan Income ETF 1/5/2026 0.00 $0.08 JPIE 1/5/2026 Dividend to Cash PIMCO Multisector Bond ETF 1/5/2026 0.00 $5,240.56 PYLD 1/5/2026 Dividend to Cash JPMorgan International Bond Opportunities ETF 1/5/2026 0.00 $5,418.99 JPIB 1/15/2026 Interest Reinvested Schwab Bank Sweep 1/15/2026 1.41 $1.41 SchwabCash 1/26/2026 Management Fee Schwab Bank Sweep 1/26/2026 -2,000.99 -$2,000.99 SchwabCash 1/30/2026 Buy Exchange PIMCO Income Fund Instl 1/30/2026 1,443.48 $15,878.24 PIMIX 1/30/2026 Buy Exchange PIMCO Income Fund Instl 1/30/2026 154.66 $1,701.24 PIMIX 1/30/2026 Dividend to Cash PIMCO Income Fund Instl 1/30/2026 0.00 $1,701.24 PIMIX 1/30/2026 Dividend to Cash PIMCO Income Fund Instl 1/30/2026 0.00 $15,878.24 PIMIX 2/2/2026 Buy Exchange Fidelity Total Bond ETF 2/2/2026 117.84 $5,416.04 FBND 2/2/2026 Dividend to Cash Fidelity Total Bond ETF 2/2/2026 0.00 $5,416.04 FBND 2/4/2026 Buy Exchange JP Morgan Income ETF 2/4/2026 0.00 $0.07 JPIE 2/4/2026 Dividend to Cash JP Morgan Income ETF 2/4/2026 0.00 $0.07 JPIE 2/4/2026 Dividend to Cash PIMCO Multisector Bond ETF 2/4/2026 0.00 $4,837.44 PYLD 2/4/2026 Dividend to Cash JPMorgan International Bond Opportunities ETF 2/4/2026 0.00 $3,950.88 JPIB 2/4/2026 Dividend to Cash Tcw Flexible Income Etf 2/4/2026 0.00 $5,578.00 FLXR 2/5/2026 Buy Exchange iShares Core Total USD Bond Market 2/5/2026 0.00 $0.12 IUSB 2/5/2026 Buy Exchange Janus Henderson AAA CLO Fund 2/5/2026 0.00 $0.05 JAAA 2/5/2026 Dividend to Cash iShares Core Total USD Bond Market 2/5/2026 0.00 $0.12 IUSB 2/5/2026 Dividend to Cash Janus Henderson AAA CLO Fund 2/5/2026 0.00 $0.05 JAAA 2/12/2026 Buy Exchange Fidelity Total Bond ETF 2/13/2026 17,574.00 $815,257.86 FBND 2/12/2026 Sell Exchange iShares MSCI USA Quality Factor ETF 2/13/2026 -1,991.00 -$401,126.38 QUAL 2/12/2026 Sell Exchange iShares Core S&P 500 2/13/2026 -50.00 -$34,341.24 IVV 2/12/2026 Sell Exchange iShares US Equity Factor Rotation Active ETF 2/13/2026 -363.00 -$22,081.26 DYNF 2/12/2026 Sell Exchange iShares MSCI EAFE Value 2/13/2026 -3,082.99 -$243,063.12 EFV 2/12/2026 Sell Exchange Avantis International Equity ETF 2/13/2026 -1,298.00 -$117,144.25 AVDE 2/12/2026 Trading Expense iShares MSCI USA Quality Factor ETF 2/13/2026 0.00 -$0.39 QUAL Trade Date Activity Security Settle Date Quantity Amount Symbol 2/12/2026 Trading Expense iShares Core S&P 500 2/13/2026 0.00 -$0.01 IVV 2/12/2026 Trading Expense iShares US Equity Factor Rotation Active ETF 2/13/2026 0.00 -$0.07 DYNF 2/12/2026 Trading Expense iShares MSCI EAFE Value 2/13/2026 -0.01 -$0.60 EFV 2/12/2026 Trading Expense Avantis International Equity ETF 2/13/2026 0.00 -$0.25 AVDE 2/13/2026 Buy Exchange PIMCO Income Fund Instl 2/17/2026 63,787.20 $707,400.00 PIMIX 2/13/2026 Buy Exchange iShares US Infrastructure ETF 2/17/2026 4,083.00 $247,387.36 IFRA 2/13/2026 Buy Exchange Vanguard Information Technology 2/17/2026 62.00 $45,638.51 VGT 2/13/2026 Buy Exchange iShares Core S&P 500 2/17/2026 21.00 $14,457.62 IVV 2/13/2026 Buy Exchange iShares US Equity Factor Rotation Active ETF 2/17/2026 101.00 $6,147.37 DYNF 2/13/2026 Buy Exchange SPDR S&P 500 Value ETF 2/17/2026 212.00 $12,557.82 SPYV 2/13/2026 Buy Exchange iShares Core MSCI Emerging Markets ETF 2/17/2026 257.00 $19,264.69 IEMG 2/13/2026 Buy Exchange SPDR S&P 500 Growth ETF 2/17/2026 121.00 $12,552.54 SPYG 2/13/2026 Dividend to Cash Thorofare Asset Based Lending Fund V Lp 2/13/2026 0.00 $31,219.81 88599T108 2/13/2026 Sell Exchange iShares MSCI USA Quality Factor ETF 2/17/2026 -34.00 -$6,897.06 QUAL 2/13/2026 Sell Exchange iShares MSCI EAFE Value 2/17/2026 -571.00 -$44,974.71 EFV 2/13/2026 Sell Exchange Vanguard Intl Dividend Appreciation 2/17/2026 -0.24 -$23.14 VIGI 2/13/2026 Sell Exchange Fidelity Total Bond ETF 2/17/2026 -14,222.94 -$662,082.15 FBND 2/13/2026 Sell Exchange iShares Core Total USD Bond Market 2/17/2026 -0.76 -$35.58 IUSB 2/13/2026 Sell Exchange Janus Henderson AAA CLO Fund 2/17/2026 -0.29 -$14.63 JAAA 2/13/2026 Sell Exchange JP Morgan Income ETF 2/17/2026 -0.37 -$17.07 JPIE 2/13/2026 Sell Exchange PIMCO Multisector Bond ETF 2/17/2026 -1,650.99 -$44,403.33 PYLD 2/13/2026 Sell Exchange JPMorgan International Bond Opportunities ETF 2/17/2026 -1,068.00 -$52,604.13 JPIB 2/13/2026 Sell Exchange Avantis International Equity ETF 2/17/2026 -771.00 -$69,887.15 AVDE 2/13/2026 Sell Exchange Tcw Flexible Income Etf 2/17/2026 -1,737.99 -$69,093.85 FLXR 2/13/2026 Trading Expense PIMCO Income Fund Instl 2/17/2026 -1.62 -$18.00 PIMIX 2/13/2026 Trading Expense iShares MSCI USA Quality Factor ETF 2/17/2026 0.00 -$0.01 QUAL 2/13/2026 Trading Expense iShares MSCI EAFE Value 2/17/2026 0.00 -$0.11 EFV 2/13/2026 Trading Expense Fidelity Total Bond ETF 2/17/2026 -0.06 -$2.77 FBND 2/13/2026 Trading Expense PIMCO Multisector Bond ETF 2/17/2026 -0.01 -$0.32 PYLD 2/13/2026 Trading Expense JPMorgan International Bond Opportunities ETF 2/17/2026 0.00 -$0.21 JPIB 2/13/2026 Trading Expense Avantis International Equity ETF 2/17/2026 0.00 -$0.15 AVDE Trade Date Activity Security Settle Date Quantity Amount Symbol 2/13/2026 Trading Expense Tcw Flexible Income Etf 2/17/2026 -0.01 -$0.34 FLXR 2/15/2026 Interest Reinvested Schwab Bank Sweep 2/15/2026 1.54 $1.54 SchwabCash 2/19/2026 Buy Exchange Avantis US Large Cap Value ETF 2/20/2026 30,320.00 $2,534,448.80 AVLV 2/19/2026 Sell Exchange SPDR S&P 500 Value ETF 2/20/2026 -42,986.86 -$2,533,215.53 SPYV 2/19/2026 Trading Expense SPDR S&P 500 Value ETF 2/20/2026 -0.14 -$8.38 SPYV 2/23/2026 Merge Out to Other Account Schwab Bank Sweep 2/23/2026 -985.52 -$985.52 SchwabCash 2/23/2026 Merge Out to Other Account Schwab Bank Sweep 2/23/2026 -1,000.50 -$1,000.50 SchwabCash 2/24/2026 Management Fee Schwab Bank Sweep 2/24/2026 -2,052.20 -$2,052.20 SchwabCash 2/27/2026 Buy Exchange PIMCO Income Fund Instl 2/27/2026 1,520.62 $16,878.86 PIMIX 2/27/2026 Dividend to Cash PIMCO Income Fund Instl 2/27/2026 0.00 $16,878.86 PIMIX 3/2/2026 Buy Exchange Fidelity Total Bond ETF 3/2/2026 140.72 $6,530.97 FBND 3/2/2026 Dividend to Cash Fidelity Total Bond ETF 3/2/2026 0.00 $6,530.97 FBND 3/4/2026 Dividend to Cash PIMCO Multisector Bond ETF 3/4/2026 0.00 $4,639.32 PYLD 3/4/2026 Dividend to Cash JPMorgan International Bond Opportunities ETF 3/4/2026 0.00 $3,718.15 JPIB 3/4/2026 Dividend to Cash Tcw Flexible Income Etf 3/4/2026 0.00 $5,230.40 FLXR 3/12/2026 Dividend to Cash Avantis International Equity ETF 3/12/2026 0.00 $5,140.71 AVDE 3/12/2026 Dividend to Cash Avantis US Large Cap Value ETF 3/12/2026 0.00 $6,982.70 AVLV 3/15/2026 Interest Reinvested Schwab Bank Sweep 3/15/2026 0.86 $0.86 SchwabCash 3/20/2026 Buy Exchange iShares US Infrastructure ETF 3/20/2026 169.19 $9,517.08 IFRA 3/20/2026 Buy Exchange iShares MSCI USA Quality Factor ETF 3/20/2026 28.93 $5,582.72 QUAL 3/20/2026 Buy Exchange iShares Core S&P 500 3/20/2026 30.16 $19,791.07 IVV 3/20/2026 Buy Exchange iShares US Equity Factor Rotation Active ETF 3/20/2026 80.86 $4,734.50 DYNF 3/20/2026 Dividend to Cash iShares US Infrastructure ETF 3/20/2026 0.00 $9,517.08 IFRA 3/20/2026 Dividend to Cash iShares MSCI USA Quality Factor ETF 3/20/2026 0.00 $5,582.72 QUAL 3/20/2026 Dividend to Cash iShares Core S&P 500 3/20/2026 0.00 $19,791.07 IVV 3/20/2026 Dividend to Cash iShares US Equity Factor Rotation Active ETF 3/20/2026 0.00 $4,734.50 DYNF 3/23/2026 Management Fee Schwab Bank Sweep 3/23/2026 -2,093.03 -$2,093.03 SchwabCash 3/25/2026 Buy Exchange SPDR S&P 500 Value ETF 3/25/2026 0.00 $0.15 SPYV 3/25/2026 Buy Exchange SPDR S&P 500 Growth ETF 3/25/2026 14.92 $1,493.35 SPYG 3/25/2026 Dividend to Cash SPDR S&P 500 Value ETF 3/25/2026 0.00 $0.15 SPYV 3/25/2026 Dividend to Cash SPDR S&P 500 Growth ETF 3/25/2026 0.00 $1,493.35 SPYG Trade Date Activity Security Settle Date Quantity Amount Symbol 3/26/2026 Buy Exchange Vanguard Information Technology 3/26/2026 1.72 $1,210.30 VGT 3/26/2026 Dividend to Cash Vanguard Information Technology 3/26/2026 0.00 $1,210.30 VGT 3/27/2026 Buy Exchange Fidelity Total Bond ETF 3/30/2026 770.00 $35,008.05 FBND 3/31/2026 Buy Exchange PIMCO Income Fund Instl 3/31/2026 1,725.05 $18,596.06 PIMIX 3/31/2026 Dividend to Cash PIMCO Income Fund Instl 3/31/2026 0.00 $18,596.06 PIMIX
1st Quarter 2026
City of Santa Fe Springs
Prepared by
1 2
3 4
US Stocks ANNUALIZED Asset Class QTR 1 Year 3 Years 5 Years 10 Years 15 Years 20 Years Small Value 4.96 28.09 13.80 5.79 9.61 8.62 6.98 Large Value 2.10 15.87 14.31 9.43 10.58 10.47 8.12 Small Cap 0.89 25.72 13.05 3.77 9.88 8.98 7.54 Small Growth -2.81 23.58 12.27 1.62 9.79 9.09 7.88 Marketwide -3.96 18.09 17.86 10.87 13.72 12.81 10.26 Large Cap -4.18 17.74 18.14 11.34 13.97 13.09 10.46 Large Growth -9.78 18.81 21.18 12.76 16.83 15.33 12.48 The US equity market posted negative returns for the quarter and underperformed both non- US developed and emerging markets. Value outperformed growth. Small caps outperformed large caps. REIT indices outperformed equity market indices. World Market Capitalization Periodic Returns (%) US Market $62.6 trillion Ranked Returns (%) Small Value Large Value Small Cap Small Growth Marketwide Large Cap Large Growth 4.96 2.10 0.89 -2.81 -3.96 -4.18 -9.78 63% US Market 5
3.99 0.68 0.53 0.51 -3.21 2.50 -0.37 -0.86 -0.94 -4.60 Local currency US currency International Developed Stocks Developed markets outside of the US posted negative returns for the quarter and outperformed US markets, but underperformed emerging markets. Value outperformed growth. Small caps outperformed large caps. International Developed Markets $26.6 trillion World Market Capitalization Ranked Returns (%) Value Small Cap Marketwide Large Cap Growth ANNUALIZED Asset Class QTR 1 Year 3 Years 5 Years 10 Years 15 Years 20 Years Value 2.50 32.19 20.37 12.69 9.71 6.50 5.14 Small Cap -0.37 29.19 13.77 5.40 7.95 6.56 5.49 Marketwide -0.86 23.84 14.23 7.96 8.56 6.29 5.25 Large Cap -0.94 22.99 14.30 8.40 8.66 6.26 5.17 Growth -4.60 13.95 8.34 3.99 7.31 5.79 5.01 Periodic Returns (%) 26% International Developed Markets 6
3.38 2.12 2.12 2.12 0.861.10 -0.17 -0.24 -0.74 -1.43 Local currency US currency Emerging Markets Stocks ANNUALIZED Asset Class QTR 1 Year 3 Years 5 Years 10 Years 15 Years 20 Years Value 1.10 28.65 15.52 6.14 7.27 2.70 5.10 Large Cap -0.17 29.55 14.84 3.69 7.80 3.67 5.38 Marketwide -0.24 28.88 14.67 4.03 7.82 3.75 5.55 Small Cap -0.74 24.55 13.74 6.68 8.13 4.44 6.59 Growth -1.43 30.21 14.11 1.36 8.22 4.53 5.57 Emerging Markets posted negative returns for the quarter and outperformed both US and non-US developed markets. Value outperformed growth. Small caps underperformed large caps. Emerging Markets $11.7 trillion World Market Capitalization Periodic Returns (%) Ranked Returns (%) Value Large Cap Marketwide Small Cap Growth 11% Emerging Markets 7 -25% -20% -15% -10%-5%0%5% 10% 15% 20% 25% 30%
Norway
Peru
Brazil
Colombia
Korea
Thailand
Turkey
Portugal
Taiwan
Saudi Arabia
Mexico
Hong Kong
Hungary
Israel
Netherlands
Malaysia
Canada
Japan
Australia
UK
Poland
Finland
Singapore
Belgium
Chile
Spain
Philippines
Egypt
Qatar
South Africa
Italy
Greece
US
Austria
Switzerland
New Zealand
Sweden
France
Kuwait
UAE
Germany
China
Ireland
Czech Republic
Denmark
India
Indonesia Country Returns
Global 8
9 Global Fixed Income Interest rates generally increased across global developed markets for the quarter. Realized term premiums were negative across global developed markets, as shorter-term bonds generally outperformed longer-term bonds. In Canada, Germany, UK, Australia and Japan, the intermediate- to longer-term maturity range remained upwardly sloped. In Canada and Germany, the short-term maturity range steepened. However, in Australia and the UK, the short-term maturity segment flattened and inverted, respectively. 1Y 5Y 10Y 20Y 30Y US 22.7 23.3 15.1 10.1 5.9 UK 80.1 49.4 38.6 35.3 33.1 Germany 52.3 27.9 14.1 6.0 -0.5 Japan 20.4 23.8 27.4 30.8 28.9 Canada 25.1 9.8 3.9 1.8 2.0 Australia 48.5 36.4 23.6 16.4 15.0 Changes in Yield (bps) Since 12/31/2025 US UK Germany Japan Canada Australia 12/31/2025 3/31/2026 0.0 1.0 2.0 3.0 4.0 5.0 6.0 1Y 5Y 10Y 20Y 30Y Yield (%) Years to Maturity 12/31/2025 3/31/2026 0.0 1.0 2.0 3.0 4.0 5.0 6.0 1Y 5Y 10Y 20Y 30YYield (%) Years to Maturity 12/31/2025 3/31/2026 0.0 1.0 2.0 3.0 4.0 5.0 6.0 1Y 5Y 10Y 20Y 30Y Yield (%) Years to Maturity 12/31/2025 3/31/2026 0.0 1.0 2.0 3.0 4.0 5.0 6.0 1Y 5Y 10Y 20Y 30Y Yield (%) Years to Maturity 12/31/2025 3/31/2026 0.0 1.0 2.0 3.0 4.0 5.0 6.0 1Y 5Y 10Y 20Y 30Y Yield (%) Years to Maturity 12/31/2025 3/31/2026 0.0 1.0 2.0 3.0 4.0 5.0 6.0 1Y 5Y 10Y 20Y 30YYield (%) Years to Maturity 10 Real Estate Investment Trusts (REITs) ANNUALIZED Asset Class QTR 1 Year 3 Years 5 Years 10 Years 15 Years 20 Years US REITS 4.64 7.23 9.15 5.59 4.76 7.12 5.46 Global ex US REITS -7.88 10.68 3.99 -0.99 0.95 2.79 2.21 US real estate investment trusts outperformed non-US REITs during the quarter. 70%US 30% Global ex US US$1,107 billion 100 REITs Global ex US $467 billion 277 REITs (26 other countries) Total Value of REIT Stocks Periodic Returns (%) Ranked Returns (%) US REITS Global ex US REITS 4.64 -7.88 11 Commodities The Bloomberg Commodity Total Return Index returned +24.41% for the first quarter of 2026. Low Sulphur Gas Oil and Heating Oil were the best performers, returning +108.53% and +106.43% for the quarter, respectively. Coffee and Lead were the worst performers, returning -12.44% and -6.98% for the quarter, respectively. ANNUALIZED QTR 1 Year 3 Years 5 Years 10 Years 15 Years 20 Years 24.41 32.29 13.88 14.04 8.02 0.06 0.68 Commodities Periodic Returns (%) Commodities Ranked Returns (%) -1.30 -4.17 -6.98 -12.44 108.53 106.43 79.80 75.84 66.51 41.98 21.67 20.70 17.65 11.35 7.14 6.98 6.50 6.31 6.25 4.97 4.67 2.78 2.38 0.45 Low Sulphur Gas Oil Heating Oil WTI Crude Oil Brent Crude Oil Unleaded Gas Soybean Oil Kansas Wheat Wheat Aluminum Soybean Gold Sugar Live Cattle Cotton Silver Soybean Meal Zinc Corn Nickel Lean Hogs Copper Natural Gas Lead Coffee 12 Geopolitical Risk Wars such as the one unfolding in Iran are always disturbing. For investors, there’s additional concern over whether these conflicts will spill over into their investment performance. But it’s important for investors to be cautious about making asset allocation changes in response to such events. Markets are forward-looking. Prices move in response to changes in information. When unexpected developments arise that investors deem to be poor for markets, markets often drop. But the flip side is markets always set prices for positive expected returns. Once the news gets reflected in market prices, investors can still expect positive returns even amid worrisome circumstances. This is borne out in historical stock returns. Global equity markets have continued an upward climb even in the face of economic and political upheavals. We don’t have to look far for illustrative examples. During the past few years, stock markets have had positive returns despite multiple wars being fought around the world. This is not to trivialize the destruction wars bring and their impact on geopolitical risks. But history suggests investors may not help themselves by divesting from stocks. For long- term investors, the best bet is usually to stay the course. 1st Quarter 2026 Wes Crill, PhD, Senior Client Solutions Director and Vice President, Dimensional Fund Advisors MARKETS HAVE REWARDED DISCIPLINE Growth of $1—MSCI World Index (net dividends), 1970–2025 13 Geopolitical Risk 14
First Quarter 2026
Market Commentary
Market Overview
Global financial markets endured a turbulent first quarter of 2026, shaped by an escalation of geopolitical conflict in the Middle East, renewed tariff uncertainty in the United States, and a pronounced rotation away from high-growth technology stocks. The MSCI World Index declined 3.6% in U.S. dollar terms, while the Bloomberg Commodity Index surged 24.4% to claim the top spot among major asset classes. The quarter began on constructive footing with U.S. Equities reaching a record high in mid-January on the back of solid economic fundamentals, robust corporate earnings, and steady consumer spending, but sentiment deteriorated sharply as the period progressed. U.S. and Israeli military strikes on Iran at the end of February disrupted oil flows through the Strait of Hormuz, sending Brent crude above $100 per barrel and triggering broad risk aversion across Equity and Fixed Income markets. Concurrently, the U.S.
Supreme Court ruled the administration’s use of the International Emergency Economic Powers Act (IEEPA) to impose “reciprocal” tariffs unconstitutional, prompting the White House to implement a flat 10% tariff on all imports and injecting further uncertainty into the global trade landscape. The combination of energy price shocks and policy unpredictability produced a notable style divergence: Value stocks outperformed Growth by a wide margin (+1.3% versus -8.4%), while the U.S. dollar rallied as trades that had been popular prior to the conflict, including Gold and Emerging Market Equities, unwound.
Source: FactSet, FTSE Russell, Standard & Poor’s, J.P. Morgan Asset Management.
Guide to the Markets – U.S. Data are as of April 13, 2026.
Economic Overview
The macroeconomic backdrop entering 2026 remained broadly constructive, though the events of the quarter introduced meaningful crosscurrents for policymakers. In the United States, the Federal Reserve held the Federal Funds rate steady in the 3.50%–3.75% range throughout the quarter. Chair Powell noted at the March meeting that the Fed would need to see further “progress on inflation” before considering additional rate cuts, while the Federal Open Market Committee (FOMC) maintained its outlook for one rate cut later in the year. Labor market data presented a mixed picture as a strong January employment report was followed by non-farm payrolls shrinking by 92,000 in February, well below consensus expectations for a 60,000 increase. The United States, as a net energy exporter, was relatively insulated from the oil price shock compared to its developed-market peers. Global real GDP growth, as measured by the Federal Reserve Bank of Dallas on a trade-weighted basis, had registered 2.6% through the first three quarters of 2025, only modestly below 2024’s 2.8% pace, and corporate profitability across the G7 remained on solid footing, with gross operating surplus of nonfinancial companies up 5.0% year-over-year in Q2 2025. Overseas, the European Central Bank left its deposit rate unchanged at 2.0% but strongly signaled the possibility of rate hikes as Euro area inflation rose to 2.5% in March from 1.9% in February.
The Bank of England unanimously held its base rate at 3.75% with a hawkish tone, as UK inflation held steady at 3.0% and the energy shock heightened concerns about persistent price pressures. In Japan, the Bank of Japan held rates at 0.75% but warned that higher energy prices risk stoking underlying inflation.
Looking ahead, the lagged effects of 2025 rate cuts, the retroactive fiscal provisions of the One Big Beautiful Bill Act (OBBBA), including larger-than-usual U.S. tax refunds in February and March, and planned fiscal easing in Japan and parts of Europe, should provide tailwinds for global growth in the quarters ahead.
Source: Bloomberg, FactSet, Federal Reserve, J.P. Morgan Asset Management.
Guide to the Markets – U.S. Data are as of April 13, 2026.
U.S. Equities
The S&P 500 Index fell 4.3% during the first quarter, marking its weakest quarterly performance since 2022. After reaching an all-time high in mid-January amid expectations for continued earnings growth across multiple sectors, the Index retreated as two distinct headwinds converged. First, the technology sector came under significant pressure as an evolving narrative around Artificial Intelligence (AI) created a dichotomy within the space where investors rotated toward AI infrastructure businesses such as semiconductors, cloud computing, and data-center providers, while aggressively selling traditional software stocks over concerns that generative AI could undermine the software-as-a-service (SaaS) subscription model. U.S. software stocks declined 23% from the beginning of the year through late February. Even as technology companies posted strong fourth-quarter earnings, investors increasingly scrutinized the ability of hyperscalers to deliver returns against ever-increasing levels of AI-related capital expenditure. Second, the geopolitical shock at the end of February compounded the selloff, as the surge in oil prices and associated risk aversion drove broad-based declines with the technology sector down
3.8% in March alone versus -5.0% for the broader market. Energy stocks were the standout performers for the quarter, with integrated producers, refiners, and energy infrastructure companies all benefiting from higher oil prices. Basic materials companies, including miners, chemical producers, and commodity processors, also fared well amid supply disruptions and the ability to pass through higher input costs.
Mega-cap technology and communications companies, which account for roughly 53% of S&P 500 earnings growth expectations for 2026 and approximately 40% of the index by market capitalization, remain fundamental to any constructive equity outlook.
Source: FactSet, FTSE Russell, Standard & Poor’s, J.P. Morgan Asset Management.
Guide to the Markets – U.S. Data are as of April 13, 2026.
International Equities
International Equity markets exhibited wide regional dispersion during the quarter. Japan’s TOPIX Index was the best-performing major developed market, rising 3.6% in local currency terms, supported by yen weakness and a resounding victory for the Liberal Democratic Party (LDP) in the February snap election for the House of Representatives, which boosted expectations for political stability and pro-growth fiscal policies. However, Japanese Equities experienced a pullback in March as the Middle East conflict and higher energy prices weighed on the country’s energy-import-dependent economy. European Equities declined, with the MSCI Europe ex-UK Index falling 2.3% as elevated geopolitical tensions rattled markets and the sharp increase in European gas prices, while not at the levels seen during the 2022 energy crisis, generated renewed concerns about the region’s growth outlook. Euro area composite PMI readings slowed to 50.5 in March from 51.9 in February, signaling a deceleration in economic activity. The UK’s FTSE All-Share Index bucked the broader trend, delivering positive returns of 2.4%, supported by the Index’s relatively large weighting in the energy sector and a weaker pound sterling that provided a tailwind for export-oriented companies. Emerging Market (EM) Equities, as measured by the MSCI Emerging Markets Index, posted a modest decline of 0.1% in U.S. dollar terms, outperforming their developedmarket counterparts. The quarter was a tale of two halves where technology-oriented markets in Korea and Taiwan led EM outperformance in January and February on the back of strong AI-related semiconductor demand, before the Middle East conflict triggered a sharp reversal in March as high energy costs and supply chain disruptions weighed on energy-importing nations. Latin American markets, notably Colombia, Brazil, and Peru, were among the top performers. Overall, both Developed and Emerging Market Equities continue to provide diversified exposure to strong earnings growth.
Source: FactSet, MSCI, Standard & Poor’s, J.P. Morgan Asset Management.
Guide to the Markets – U.S. Data are as of April 13, 2026.
Fixed Income
Global government bond markets were volatile throughout the quarter and sold off sharply as higher energy prices fueled inflation concerns, prompting markets to shift abruptly from pricing rate cuts to pricing rate hikes in several major economies. U.S. Treasuries proved the most resilient among major sovereign bond markets, returning approximately flat for the quarter. The United States’ position as a net energy exporter insulated it from the worst of the energy price shock, while the cooling labor market helped keep domestic price pressures at bay. Short-dated bonds were hit particularly hard globally as interest rate expectations repriced higher. UK Gilts were the laggard among developed-market sovereigns, falling 2.0% over the quarter. Prior to the Middle East conflict, Gilts had been the topperforming sovereign market as evidence of finally abating price pressures fueled expectations for nearterm rate cuts from the Bank of England. However, the energy shock left the UK particularly vulnerable given its high dependence on natural gas, and the BoE’s unanimously hawkish March meeting, with even the arch-dove on the Monetary Policy Committee alluding to the possibility of needing to hike rates, pushed yields sharply higher. European Government Bonds also came under pressure, with the broad eurozone index falling 0.6%, while Japanese Government Bonds (JGBs) declined 1.6% as longer-dated JGBs sold off amid expectations for looser fiscal policy under Prime Minister Takaichi’s administration and the Bank of Japan’s openness to further rate hikes. In credit markets, U.S. Corporate Bonds outperformed their European counterparts in both investment grade and high yield segments. The energy price shock and potential for pass-through into higher inflation weighed more heavily on European credit spreads.
Looking ahead, we are closely monitoring global duration exposure in light of resilient economic growth, a policy path that remains uncertain rather than definitively dovish, and the trajectory of fiscal spending across major economies.
Source: Bloomberg, FactSet, J.P. Morgan Asset Management.
Guide to the Markets – U.S. Data are as of April 13, 2026.
Outlook and Positioning
Despite the volatility that characterized the first quarter, the fundamental underpinnings of the global economy remain broadly intact. Corporate profitability across the G7 continues to support economic growth, and companies in advanced economies have built resilience into their balance sheets with low leverage and substantial liquidity buffers. Monetary policy tailwinds should bolster growth in the coming quarters through the lagged effects of 2025 rate cuts, fiscal support from the OBBBA in the U.S., and planned easing in Japan and parts of Europe. Within Equities, the technology and AI sectors remain critical drivers of growth given their superior earnings generation and cash flow profiles, even as near-term fatigue and rotation persist. We continue to view headline-driven pullbacks as potential opportunities to add quality exposure, as forward earnings expectations for the S&P 500 and most major regions continue to be revised higher. A robust global capital expenditure pipeline, coupled with evolving AI infrastructure needs, is expected to drive sustained demand for natural resources and specialized industrial suppliers, creating both upstream and downstream investment opportunities. Gold continues to serve as a strategic diversifier, reflecting late-cycle risks, policy uncertainty, and persistent central bank demand in an increasingly multipolar world. Key risks on the horizon include a potential hawkish monetary policy tilt should inflation prove stickier than expected, disruptions in AI investment timelines that could pressure technology valuations, and ongoing uncertainty surrounding U.S. trade policy following the IEEPA ruling.
Navigating these crosscurrents will require discipline and selectivity, and we believe a balanced risk-on posture, anchored in high-quality earnings growth with diversification through International Equities and duration management, remains the prudent approach for the quarters ahead.
Source: Bloomberg, FactSet, Standard & Poor's, J.P. Morgan Asset Management.
Guide to the Markets – U.S. Data are as of April 13, 2026.
Important Disclosures
This market commentary is provided for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer or solicitation to buy or sell any securities. The information and opinions expressed herein are based on sources believed to be reliable as of the date of publication, but Shuster Advisory Group, LLC makes no representation as to their accuracy or completeness.
Past performance is not a guarantee of future results. All indices referenced herein are not available for direct investment, and their performance does not reflect the expenses associated with the management of an actual portfolio, including but not limited to advisory fees, transaction costs, and taxes. Actual investment results may differ materially. Market data and index performance are sourced from Bloomberg, MSCI, Russell Investments, S&P Dow Jones Indices, and other third-party data providers as cited.
Economic commentary, forward-looking statements, market forecasts, and sector outlooks represent Shuster Advisory Group, LLC’s analysis and interpretations. These views are subject to change without notice based on market conditions and other factors and should not be relied upon as the sole basis for investment decisions.
Investment Risks: All investments involve risk, including the possible loss of principal. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for any particular investor.
Equity Securities: Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Small-cap and mid-cap stocks may be subject to greater volatility and liquidity risk than large-cap stocks. Growth stocks may be more volatile than value stocks. International and emerging market investments involve special risks including currency fluctuations, different accounting standards, political and economic instability, less liquidity, and higher volatility.
Fixed Income Securities: Bond prices move inversely to changes in interest rates. When interest rates rise, bond prices generally fall. Fixed income securities are also subject to credit risk, call risk, inflation risk, and liquidity risk. High-yield bonds (“junk bonds”) involve greater credit risk and price volatility than investment-grade bonds. Mortgage-backed securities are subject to prepayment and extension risk. Emerging market debt involves heightened credit risk and currency risk.
Commodities: Commodity investments are subject to higher volatility than traditional securities and can be affected by increased economic, political, and regulatory uncertainties.
Forward-Looking Statements: This commentary contains forward-looking statements regarding economic conditions, market trends, investment strategies, earnings projections, and policy expectations. These statements are based on current expectations and assumptions and are subject to significant uncertainties, risks, and changes in circumstances. Actual events, results, or outcomes may differ materially from those projected.
Shuster Advisory Group, LLC undertakes no obligation to update these statements. References to specific securities, sectors, or investment themes (including but not limited to artificial intelligence investments and semiconductor companies) are for illustrative purposes only and should not be construed as recommendations to purchase or sell such securities. The performance of individual securities may not be representative of broader market performance. Asset allocation and diversification strategies do not guarantee profit or protect against loss in declining markets.
Rebalancing may have tax consequences. This commentary does not take into account any individual’s personal financial situation, investment objectives, risk tolerance, time horizon, or tax circumstances. Before making any investment decision, you should consult with a qualified financial advisor to discuss your specific situation and needs.
Index Definitions: S&P 500 Index measures the performance of 500 large-cap U.S. stocks. Russell 1000 and Russell 2000 indices represent largecap and small-cap U.S. stocks, respectively. MSCI World Index captures large and mid-cap representation across 23 developed markets. MSCI EAFE Index captures large and mid-cap representation across developed markets excluding the U.S. and Canada. MSCI Emerging Markets Index captures large and mid-cap representation across emerging market countries. MSCI Europe ex-UK Index captures large and mid-cap representation across European developed markets excluding the United Kingdom. Bloomberg U.S. Aggregate Bond Index represents the U.S. investment-grade bond market. Bloomberg Commodity Index tracks the performance of exchange-traded commodity futures. TOPIX Index measures the performance of all domestic common stocks listed on the Tokyo Stock Exchange. FTSE All-Share Index measures the performance of all eligible companies listed on the London Stock Exchange.
Shuster Advisory Group, LLC is a registered investment advisor. For more information about our advisory services, fees, and potential conflicts of interest, please refer to our Form ADV Part 2A brochure, which is available upon request or at www.adviserinfo.sec.gov.
Investment products are not FDIC insured, not bank guaranteed, and may lose value.
Client Return Summary: Net of Fees
Account Details
Account Name Account
Number
Mgmt. Style 1/1/2026
Value
3/31/2026
Value
Net
Investment
Period
Return
%
3 Months
%
YTD % 1 Year
%
3 Year % Inception %
8/9/2024
City of Santa Fe Springs - - 33,846,296.31 33,762,771.50 23,201.54 -0.38 -0.71 -0.38 13.69 - 10.76 50% Equity 50% Taxable Bond - - - - - -0.86 -1.19 -0.86 12.75 - 9.46 City of Santa Fe Springs Pension Stabilization 65536840 Gov 50/50 33,846,296.31 33,762,771.50 23,201.54 -0.38 -0.71 -0.38 13.69 - 10.76 City of Santa Fe Springs Date Range
1/1/2026 - 3/31/2026
Benchmark(s)
50% Equity 50% Taxable Bond
Methodology Report Currency
TWR US Dollar
Cumulative Client Return (Time Weighted)
01/01/26 01/16/26 01/31/26 02/15/26 03/02/26 03/17/26 03/31/26 -4.00%
-2.00%
0.00%
2.00%
4.00%
6.00%
City of Santa Fe Springs 50% Equity 50% Taxable Bond
Asset Allocation
Asset Allocation Account %
Bond 48.73
Equity 50.99
Money Market 0.28
100.00
Client Return Summary: Net of Fees
Account Value Change
Account Name Account Number Mgmt. Style 1/1/2026 Value Additions Withdrawals Period investment Gain/Loss
3/31/2026 Value
City of Santa Fe Springs Pension Stabilization 65536840 Gov 50/50 33,846,296.31 $25,177.27 -$1,975.73 -$106,726.35 33,762,771.50 Total - - 33,846,296.31 $25,177.27 -$1,975.73 -$106,726.35 $33,762,771.50 Asset Allocation
Account Name Account Number Mgmt. Style Bond % Equity % Money Market % Market Value Percent Asset %
City of Santa Fe Springs Pension Stabilization 65536840 Gov 50/50 48.73 % 50.99 % 0.28 % $33,762,771.50 100.00 Total - - 33,762,771.50 100.00
City of Santa Fe Springs Date Range
1/1/2026 - 3/31/2026
Benchmark(s)
50% Equity 50% Taxable Bond
Methodology Report Currency
TWR US Dollar
City of Santa Fe Springs Pension Stabilization 65536840 Gov 50/50 Performance Details Date Range Methodology Report Currency 1/1/2026 to 3/31/2026 TWR US Dollar
% Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)
0.28 Cash 93,036.14 0.00 0.00 0.00 0.04 - -
0.28 Schwab Bank Sweep SchwabCash 93,036.14 0.00 0.00 0.00 0.04 - -
4.01 Diversified Emerging Mkts 1,353,565.17 -9.13 3.51 3.77 36.00 - - -
MSCI EM (Emerging Markets) IMI (TR
Net) - -12.81 -0.07 -0.24 28.88 - -
4.01 iShares Core MSCI Emerging Markets
ETF IEMG 1,353,565.17 -9.13 3.51 3.77 - - -
8.07 Foreign Large Blend 2,724,721.44 -7.88 2.66 3.18 - - - - MSCI EAFE (TR grs) - -10.19 -1.37 -1.12 - - -
8.07 Avantis International Equity ETF AVDE 2,724,721.44 -7.88 2.66 3.18 - - -
6.10 Foreign Large Value 2,060,392.10 -6.78 3.75 4.14 31.82 - - - MSCI EAFE Value (TR Net) - -8.90 1.72 2.00 30.05 - -
6.10 iShares MSCI EAFE Value EFV 2,060,392.10 -6.78 3.75 4.14 31.82 - -
4.72 Global Bond-USD Hedged 1,594,892.64 -2.80 -1.09 -1.04 - - -
4.72 JPMorgan International Bond
Opportunities ETF JPIB 1,594,892.64 -2.80 -1.09 -1.04 - - -
3.58 Infrastructure 1,209,951.71 -4.76 8.08 9.05 28.99 - - - S&P 500 Utilities Sector - -3.21 7.59 8.26 19.71 - -
3.58 iShares US Infrastructure ETF IFRA 1,209,951.71 -4.76 8.08 9.05 28.99 - -
10.37 Intermediate Core-Plus Bond 3,500,283.07 -1.78 -0.23 0.07 4.73 - - - Bloomberg Intermediate US Aggregate - -1.34 0.04 0.11 4.83 - -
10.37 Fidelity Total Bond ETF FBND 3,500,283.07 -1.78 -0.23 0.07 4.84 - -
20.75 Large Blend 7,006,975.15 -5.17 -4.73 -4.04 16.93 - - - S&P 500 (TR) - -4.98 -5.03 -4.33 17.80 - -
13.06 iShares Core S&P 500 IVV 4,410,805.42 -4.99 -5.05 -4.36 17.55 - -
4.59 iShares MSCI USA Quality Factor ETF QUAL 1,550,663.01 -6.17 -3.89 -3.17 13.35 - -
3.10 iShares US Equity Factor Rotation Active
ETF DYNF 1,045,506.72 -4.43 -4.73 -4.05 20.56 - -
% Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)
2.03 Large Growth 686,769.66 -5.34 -8.78 -8.11 22.90 - -
2.03 SPDR S&P 500 Growth ETF SPYG 686,769.66 -5.34 -8.78 -8.11 - - -
4.40 Large Value 1,484,597.60 -3.51 -0.40 0.29 13.04 - - - S&P 500 Value - -4.57 -0.68 0.03 12.91 - -
0.00 SPDR S&P 500 Value ETF SPYV 3.23 -4.72 -0.99 -0.31 - - -
4.40 Avantis US Large Cap Value ETF AVLV 1,484,594.37 -3.51 - -3.29 - - -
27.97 Multisector Bond 9,442,142.85 -2.13 -0.35 -0.52 6.22 - -
17.44 PIMCO Income Fund Instl PIMIX 5,888,665.25 -2.45 -0.28 -0.59 6.77 - -
5.24 PIMCO Multisector Bond ETF PYLD 1,768,381.21 -2.27 -1.11 -0.92 - - -
5.29 Tcw Flexible Income Etf FLXR 1,785,096.39 -0.91 0.18 0.15 - - -
2.04 Technology 689,514.60 -3.89 -8.23 -7.37 29.47 - -
2.04 Vanguard Information Technology VGT 689,514.60 -3.89 -8.23 -7.37 29.47 - -
5.67 Private Debt 1,915,929.37 0.00 0.00 0.00 3.73 - -
5.67 Thorofare Asset Based Lending Fund V
Lp 88599T108 1,915,929.37 0.00 0.00 0.00 3.73 - -
Total 33,762,771.50 1.73 -0.71 -0.38 13.69 - -
Portfolio Holdings
4 City of Santa Fe Springs Pension Stabilization-RPS Custodial Plan Client Position Summary by Account Date Range Report Currency 1/1/2026 to 3/31/2026 US Dollar
Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 33,762,771.50 100.00
Vanguard Information Technology Stock/ETF 566.29 697.72 988.24 689,514.60 2.04 Thorofare Asset Based Lending Fund V Lp Stock/ETF 0.00 1.00 1,915,929.37 1,915,929.37 5.67 Tcw Flexible Income Etf Stock/ETF 39.53 39.27 45,457.00 1,785,096.39 5.29 SPDR S&P 500 Value ETF Stock/ETF 59.19 56.58 0.06 3.23 0.00 SPDR S&P 500 Growth ETF Stock/ETF 76.60 97.91 7,014.30 686,769.66 2.03 Schwab Bank Sweep Mutual Fund - 1.00 93,036.14 93,036.14 0.28 PIMCO Multisector Bond ETF Stock/ETF 26.41 26.20 67,495.47 1,768,381.21 5.24 PIMCO Income Fund Instl Mutual Fund 10.73 10.78 546,258.37 5,888,665.25 17.44 JPMorgan International Bond Opportunities ETF Stock/ETF 48.78 47.82 33,352.00 1,594,892.64 4.72 iShares US Infrastructure ETF Stock/ETF 48.77 57.20 21,153.00 1,209,951.71 3.58 iShares US Equity Factor Rotation Active ETF Stock/ETF 46.24 58.18 17,970.21 1,045,506.72 3.10 Asset Allocation
Asset Allocation Account
%
Bond 48.73
Equity 50.99
Money Market 0.28
100.00
Aggregated Investment Activity (1 Yr)
04/01/25 10/01/25 03/31/26
$27,500,000.00
$30,000,000.00
$32,500,000.00
$35,000,000.00
$37,500,000.00
City of Santa Fe Springs Pension Stabilization-RPS
Custodial Plan
Top 5 Securities for Client
Name % Aggregate
iShares Core S&P 500 13.06 %
iShares MSCI EAFE Value 6.10 %
PIMCO Income Fund Instl 17.44 %
Fidelity Total Bond ETF 10.37 %
Avantis International Equity ETF 8.07 %
Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 33,762,771.50 100.00
iShares MSCI USA Quality Factor ETF Stock/ETF 168.98 191.81 8,084.37 1,550,663.01 4.59 iShares MSCI EAFE Value Stock/ETF 54.50 74.35 27,712.07 2,060,392.10 6.10 iShares Core S&P 500 Stock/ETF 535.89 653.21 6,752.51 4,410,805.42 13.06 iShares Core MSCI Emerging Markets ETF Stock/ETF 50.00 69.75 19,405.95 1,353,565.17 4.01 Fidelity Total Bond ETF Stock/ETF 46.38 45.62 76,726.94 3,500,283.07 10.37 Avantis US Large Cap Value ETF Stock/ETF 83.59 80.61 18,417.00 1,484,594.37 4.40 Avantis International Equity ETF Stock/ETF 77.88 84.84 32,116.00 2,724,721.44 8.07 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs Pension Stabilization 65536840 Gov 50/50 - - - 33,762,771.50 100.00 Vanguard Information Technology Stock/ETF 566.29 697.72 988.24 689,514.60 2.04 Thorofare Asset Based Lending Fund V Lp Stock/ETF 0.00 1.00 1,915,929.37 1,915,929.37 5.67 Tcw Flexible Income Etf Stock/ETF 39.53 39.27 45,457.00 1,785,096.39 5.29 SPDR S&P 500 Value ETF Stock/ETF 59.19 56.58 0.06 3.23 0.00 SPDR S&P 500 Growth ETF Stock/ETF 76.60 97.91 7,014.30 686,769.66 2.03 Schwab Bank Sweep Mutual Fund - 1.00 93,036.14 93,036.14 0.28 PIMCO Multisector Bond ETF Stock/ETF 26.41 26.20 67,495.47 1,768,381.21 5.24 PIMCO Income Fund Instl Mutual Fund 10.73 10.78 546,258.37 5,888,665.25 17.44 JPMorgan International Bond Opportunities ETF Stock/ETF 48.78 47.82 33,352.00 1,594,892.64 4.72 iShares US Infrastructure ETF Stock/ETF 48.77 57.20 21,153.00 1,209,951.71 3.58 iShares US Equity Factor Rotation Active ETF Stock/ETF 46.24 58.18 17,970.21 1,045,506.72 3.10 iShares MSCI USA Quality Factor ETF Stock/ETF 168.98 191.81 8,084.37 1,550,663.01 4.59 iShares MSCI EAFE Value Stock/ETF 54.50 74.35 27,712.07 2,060,392.10 6.10 iShares Core S&P 500 Stock/ETF 535.89 653.21 6,752.51 4,410,805.42 13.06 iShares Core MSCI Emerging Markets ETF Stock/ETF 50.00 69.75 19,405.95 1,353,565.17 4.01 Fidelity Total Bond ETF Stock/ETF 46.38 45.62 76,726.94 3,500,283.07 10.37 Avantis US Large Cap Value ETF Stock/ETF 83.59 80.61 18,417.00 1,484,594.37 4.40 Avantis International Equity ETF Stock/ETF 77.88 84.84 32,116.00 2,724,721.44 8.07
Transactions
5 City of Santa Fe Springs Pension Stabilization - XXXX6840 - Gov 50/50 Trade Date Activity Security Settle Date Quantity Amount Symbol 1/2/2026 Buy Exchange Fidelity Total Bond ETF 1/2/2026 473.71 $21,823.65 FBND 1/2/2026 Dividend to Cash Fidelity Total Bond ETF 1/2/2026 0.00 $21,823.65 FBND 1/5/2026 Buy Exchange JP Morgan Income ETF 1/5/2026 0.00 $0.13 JPIE 1/5/2026 Buy Exchange PIMCO Multisector Bond ETF 1/5/2026 300.78 $8,036.86 PYLD 1/5/2026 Dividend to Cash JP Morgan Income ETF 1/5/2026 0.00 $0.13 JPIE 1/5/2026 Dividend to Cash PIMCO Multisector Bond ETF 1/5/2026 0.00 $8,036.86 PYLD 1/5/2026 Dividend to Cash JPMorgan International Bond Opportunities ETF 1/5/2026 0.00 $8,099.92 JPIB 1/15/2026 Interest Reinvested Schwab Bank Sweep 1/15/2026 1.36 $1.36 SchwabCash 1/26/2026 Management Fee Schwab Bank Sweep 1/26/2026 -1,692.31 -$1,692.31 SchwabCash 1/30/2026 Buy Exchange PIMCO Income Fund Instl 1/30/2026 2,183.67 $24,020.32 PIMIX 1/30/2026 Buy Exchange PIMCO Income Fund Instl 1/30/2026 233.96 $2,573.60 PIMIX 1/30/2026 Dividend to Cash PIMCO Income Fund Instl 1/30/2026 0.00 $24,020.32 PIMIX 1/30/2026 Dividend to Cash PIMCO Income Fund Instl 1/30/2026 0.00 $2,573.60 PIMIX 2/2/2026 Buy Exchange Fidelity Total Bond ETF 2/2/2026 261.14 $12,002.69 FBND 2/2/2026 Dividend to Cash Fidelity Total Bond ETF 2/2/2026 0.00 $12,002.69 FBND 2/4/2026 Buy Exchange JP Morgan Income ETF 2/4/2026 0.00 $0.12 JPIE 2/4/2026 Buy Exchange PIMCO Multisector Bond ETF 2/4/2026 278.99 $7,454.74 PYLD 2/4/2026 Dividend to Cash JP Morgan Income ETF 2/4/2026 0.00 $0.12 JPIE 2/4/2026 Dividend to Cash PIMCO Multisector Bond ETF 2/4/2026 0.00 $7,454.74 PYLD 2/4/2026 Dividend to Cash JPMorgan International Bond Opportunities ETF 2/4/2026 0.00 $5,905.50 JPIB 2/4/2026 Dividend to Cash Tcw Flexible Income Etf 2/4/2026 0.00 $8,337.60 FLXR 2/5/2026 Buy Exchange iShares Core Total USD Bond Market 2/5/2026 0.00 $0.05 IUSB 2/5/2026 Buy Exchange Janus Henderson AAA CLO Fund 2/5/2026 0.00 $0.18 JAAA 2/5/2026 Dividend to Cash iShares Core Total USD Bond Market 2/5/2026 0.00 $0.05 IUSB 2/5/2026 Dividend to Cash Janus Henderson AAA CLO Fund 2/5/2026 0.00 $0.18 JAAA 2/12/2026 Buy Exchange Fidelity Total Bond ETF 2/13/2026 16,589.00 $769,563.71 FBND 2/12/2026 Sell Exchange iShares Core S&P 500 2/13/2026 -190.00 -$130,803.58 IVV 2/12/2026 Sell Exchange iShares MSCI USA Quality Factor ETF 2/13/2026 -845.00 -$170,529.29 QUAL 2/12/2026 Sell Exchange iShares US Equity Factor Rotation Active ETF 2/13/2026 -649.00 -$39,585.63 DYNF 2/12/2026 Sell Exchange iShares MSCI EAFE Value 2/13/2026 -3,840.99 -$303,556.94 EFV Trade Date Activity Security Settle Date Quantity Amount Symbol 2/12/2026 Sell Exchange Janus Henderson AAA CLO Fund 2/13/2026 -1.00 -$50.68 JAAA 2/12/2026 Sell Exchange iShares Core MSCI Emerging Markets ETF 2/13/2026 -972.00 -$72,715.23 IEMG 2/12/2026 Sell Exchange Avantis International Equity ETF 2/13/2026 -495.00 -$44,777.65 AVDE 2/12/2026 Trading Expense iShares Core S&P 500 2/13/2026 0.00 -$0.04 IVV 2/12/2026 Trading Expense iShares MSCI USA Quality Factor ETF 2/13/2026 0.00 -$0.16 QUAL 2/12/2026 Trading Expense iShares US Equity Factor Rotation Active ETF 2/13/2026 0.00 -$0.13 DYNF 2/12/2026 Trading Expense iShares MSCI EAFE Value 2/13/2026 -0.01 -$0.75 EFV 2/12/2026 Trading Expense iShares Core MSCI Emerging Markets ETF 2/13/2026 0.00 -$0.19 IEMG 2/12/2026 Trading Expense Avantis International Equity ETF 2/13/2026 0.00 -$0.10 AVDE 2/13/2026 Buy Exchange PIMCO Income Fund Instl 2/17/2026 55,671.78 $617,400.00 PIMIX 2/13/2026 Buy Exchange Vanguard Information Technology 2/17/2026 27.00 $19,914.53 VGT 2/13/2026 Buy Exchange iShares Core S&P 500 2/17/2026 18.00 $12,402.63 IVV 2/13/2026 Buy Exchange iShares US Equity Factor Rotation Active ETF 2/17/2026 75.00 $4,567.88 DYNF 2/13/2026 Buy Exchange iShares MSCI EAFE Value 2/17/2026 165.00 $12,997.88 EFV 2/13/2026 Buy Exchange iShares US Infrastructure ETF 2/17/2026 2,206.00 $133,485.06 IFRA 2/13/2026 Buy Exchange iShares Core MSCI Emerging Markets ETF 2/17/2026 60.00 $4,496.10 IEMG 2/13/2026 Buy Exchange PIMCO Multisector Bond ETF 2/17/2026 4,791.00 $128,860.65 PYLD 2/13/2026 Buy Exchange SPDR S&P 500 Value ETF 2/17/2026 852.00 $50,480.91 SPYV 2/13/2026 Buy Exchange JPMorgan International Bond Opportunities ETF 2/17/2026 2,725.00 $134,247.13 JPIB 2/13/2026 Buy Exchange Tcw Flexible Income Etf 2/17/2026 3,769.00 $149,874.29 FLXR 2/13/2026 Merge In from Other Account Schwab Bank Sweep 2/13/2026 25,177.27 $25,177.27 SchwabCash 2/13/2026 Sell Exchange iShares MSCI USA Quality Factor ETF 2/17/2026 -17.00 -$3,451.60 QUAL 2/13/2026 Sell Exchange Vanguard Intl Dividend Appreciation 2/17/2026 -0.36 -$34.45 VIGI 2/13/2026 Sell Exchange Fidelity Total Bond ETF 2/17/2026 -23,365.90 -$1,087,689.75 FBND 2/13/2026 Sell Exchange iShares Core Total USD Bond Market 2/17/2026 -0.30 -$13.95 IUSB 2/13/2026 Sell Exchange Janus Henderson AAA CLO Fund 2/17/2026 -0.01 -$0.25 JAAA 2/13/2026 Sell Exchange JP Morgan Income ETF 2/17/2026 -0.59 -$27.53 JPIE 2/13/2026 Sell Exchange SPDR S&P 500 Growth ETF 2/17/2026 -92.00 -$9,556.49 SPYG 2/13/2026 Sell Exchange Avantis International Equity ETF 2/17/2026 -904.00 -$81,951.94 AVDE 2/13/2026 Trading Expense PIMCO Income Fund Instl 2/17/2026 -1.62 -$18.00 PIMIX 2/13/2026 Trading Expense Fidelity Total Bond ETF 2/17/2026 -0.10 -$4.56 FBND Trade Date Activity Security Settle Date Quantity Amount Symbol 2/13/2026 Trading Expense SPDR S&P 500 Growth ETF 2/17/2026 0.00 -$0.01 SPYG 2/13/2026 Trading Expense Avantis International Equity ETF 2/17/2026 0.00 -$0.18 AVDE 2/15/2026 Interest Reinvested Schwab Bank Sweep 2/15/2026 1.45 $1.45 SchwabCash 2/19/2026 Buy Exchange Avantis US Large Cap Value ETF 2/20/2026 18,417.00 $1,539,477.03 AVLV 2/19/2026 Sell Exchange SPDR S&P 500 Value ETF 2/20/2026 -26,110.91 -$1,538,716.14 SPYV 2/19/2026 Trading Expense SPDR S&P 500 Value ETF 2/20/2026 -0.09 -$5.09 SPYV 2/23/2026 Merge Out to Other Account Schwab Bank Sweep 2/23/2026 -846.16 -$846.16 SchwabCash 2/23/2026 Merge Out to Other Account Schwab Bank Sweep 2/23/2026 -294.32 -$294.32 SchwabCash 2/23/2026 Merge Out to Other Account Schwab Bank Sweep 2/23/2026 -835.25 -$835.25 SchwabCash 2/24/2026 Management Fee Schwab Bank Sweep 2/24/2026 -1,727.08 -$1,727.08 SchwabCash 2/27/2026 Buy Exchange PIMCO Income Fund Instl 2/27/2026 2,218.22 $24,622.19 PIMIX 2/27/2026 Dividend to Cash PIMCO Income Fund Instl 2/27/2026 0.00 $24,622.19 PIMIX 3/2/2026 Buy Exchange Fidelity Total Bond ETF 3/2/2026 262.59 $12,186.79 FBND 3/2/2026 Dividend to Cash Fidelity Total Bond ETF 3/2/2026 0.00 $12,186.79 FBND 3/4/2026 Buy Exchange PIMCO Multisector Bond ETF 3/4/2026 302.67 $8,063.14 PYLD 3/4/2026 Dividend to Cash PIMCO Multisector Bond ETF 3/4/2026 0.00 $8,063.14 PYLD 3/4/2026 Dividend to Cash JPMorgan International Bond Opportunities ETF 3/4/2026 0.00 $6,384.91 JPIB 3/4/2026 Dividend to Cash Tcw Flexible Income Etf 3/4/2026 0.00 $9,091.40 FLXR 3/12/2026 Dividend to Cash Avantis International Equity ETF 3/12/2026 0.00 $3,121.68 AVDE 3/12/2026 Dividend to Cash Avantis US Large Cap Value ETF 3/12/2026 0.00 $4,241.44 AVLV 3/15/2026 Interest Reinvested Schwab Bank Sweep 3/15/2026 0.91 $0.91 SchwabCash 3/20/2026 Buy Exchange iShares Core S&P 500 3/20/2026 18.30 $12,010.57 IVV 3/20/2026 Buy Exchange iShares MSCI USA Quality Factor ETF 3/20/2026 17.56 $3,387.70 QUAL 3/20/2026 Buy Exchange iShares US Equity Factor Rotation Active ETF 3/20/2026 49.06 $2,872.72 DYNF 3/20/2026 Buy Exchange iShares US Infrastructure ETF 3/20/2026 102.89 $5,787.60 IFRA 3/20/2026 Dividend to Cash iShares Core S&P 500 3/20/2026 0.00 $12,010.57 IVV 3/20/2026 Dividend to Cash iShares MSCI USA Quality Factor ETF 3/20/2026 0.00 $3,387.70 QUAL 3/20/2026 Dividend to Cash iShares US Equity Factor Rotation Active ETF 3/20/2026 0.00 $2,872.72 DYNF 3/20/2026 Dividend to Cash iShares US Infrastructure ETF 3/20/2026 0.00 $5,787.60 IFRA 3/23/2026 Management Fee Schwab Bank Sweep 3/23/2026 -1,757.70 -$1,757.70 SchwabCash 3/25/2026 Buy Exchange SPDR S&P 500 Growth ETF 3/25/2026 9.05 $905.29 SPYG Trade Date Activity Security Settle Date Quantity Amount Symbol 3/25/2026 Buy Exchange SPDR S&P 500 Value ETF 3/25/2026 0.00 $0.01 SPYV 3/25/2026 Dividend to Cash SPDR S&P 500 Growth ETF 3/25/2026 0.00 $905.29 SPYG 3/25/2026 Dividend to Cash SPDR S&P 500 Value ETF 3/25/2026 0.00 $0.01 SPYV 3/26/2026 Buy Exchange Vanguard Information Technology 3/26/2026 1.04 $734.28 VGT 3/26/2026 Dividend to Cash Vanguard Information Technology 3/26/2026 0.00 $734.28 VGT 3/27/2026 Buy Exchange Fidelity Total Bond ETF 3/30/2026 770.00 $35,016.06 FBND 3/31/2026 Buy Exchange PIMCO Income Fund Instl 3/31/2026 2,427.05 $26,163.64 PIMIX 3/31/2026 Dividend to Cash PIMCO Income Fund Instl 3/31/2026 0.00 $26,163.64 PIMIX
1 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Account Number 4727-5745
Schwab One® Account of
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A 90670-3658
03/31-83153-AC108-REG27709-211REG99377-112REG91216-184
Your Independent Investment Manager
and/or Advisor
SHUSTER ADVISORY GROUP, LLC
155 N. LAKE AVE
SUITE 950
PASADENA CA 91101-4860
1 (626) 578-0816
The custodian of your brokerage account is: Charles Schwab & Co., Inc. Member SIPC. Your independent Investment Advisor is not affiliated with or an agent of Schwab and Schwab does not supervise or endorse your Advisor. Managed Account Details Money Manager BlackRock Investment Management, LLC
Investment Strategy
BlackRock Intermediate Municipal
Online Assistance
Visit us online at schwaballiance.com
Visit schwab.com/stmt to explore the features and benefits of this statement.
Time to go digital
Sign up for paperless at schwab.com/gp
Account Summary
Ending Account Value as of 03/31 Beginning Account Value as of 03/01 $89,479,114.22 $89,889,016.54
Apr'25 May Jun Jul Aug Sep Oct Nov Dec Jan'26 Feb Mar
$84.9M
$86.0M
$87.0M
$88.1M
$89.2M
$90.3M
This Statement YTD
Beginning Account Value $89,889,016.54 $89,138,995.22
Deposits 0.00 25,340.26
Withdrawals 0.00 0.00
Dividends and Interest 353,715.80 903,890.65
Market Appreciation/(Depreciation) (762,284.79) (569,495.02) Expenses (1,333.33) (19,616.89)
Ending Account Value $89,479,114.22 $89,479,114.22
Pending Dividends and Accrued Interest d 536,321.09
Total Estimated Value
d $90,015,435.31
Ending Account Value reflects the market value of your cash and investments. It does not include pending transactions, accrued interest, unpriced securities or assets held outside Schwab's custody. 2 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
iAsset Allocation
This Period Current Allocation Cash and Cash Investments 499,338.72 <1% Fixed Income 88,979,775.50 99%
Total $89,479,114.22 100%
iTop Account Holdings This Period
SYMBOL
CUSIP Description MarketValue % ofAccounts
912828V98 US TREASUR NT 4,525,896.14 5%
91282CGC9 US TREASU NT 3,202,124.80 4%
3134HB6S5 FHLMC 2,485,460.00 3%
91282CKG5 US TREASU NT 2,092,426.68 2%
3142JCAB6 FHLMC RR0001 2,064,439.69 2%
.Gain or (Loss) Summary
Short-Term (ST) Long-Term (LT)
Gain (Loss) Net Gain (Loss) Net
This Period
0.00 0.00 0.00 3,984.33 0.00 3,984.33
b
YTD 0.00 3,988.33
Unrealized $519,448.37 b
Values may not reflect all of your gains/losses and may be rounded up to the nearest dollar; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases. Please login to your account at Schwab.com for real-time gain/loss information. Statement information should not be used for tax preparation, instead refer to official tax documents. For additional information refer to Terms and Conditions.
i
Income Summary
This Period YTD
Federal Tax Status Tax-Exempt Taxable Tax-Exempt Taxable Bank Sweep Interest 0.00 6.61 0.00 21.44 Corporate Bond and
Other Interest
0.00 189,475.73 0.00 583,028.15
Treasury Bond
Interest
0.00 157,812.51 0.00 287,831.26
Treasury Bill Interest 0.00 8,828.47 0.00 8,828.47
Municipal Bond
Interest
0.00 6,420.95 0.00 6,420.95
Total Income $0.00 $362,544.27 $0.00 $886,130.27
Accrued Interest
Paid 4 0.00 (2,795.11) 0.00 (11,780.36)
4 Certain accrued interest paid on taxable bonds may be deductible; consult your tax advisor A Message About Your Account
Statement of Financial Condition
3 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
A Message About Your Account (continued)
The most recent statement of financial condition for Charles Schwab & Co., Inc. (CS&Co) may be obtained at no cost, via the Internet at http://www.schwab.com/legal/financials or by contacting CS&Co at 1-800-435-4000. If you are a client of an independent investment advisor, contact Schwab Alliance at 1-800-515-2157. International clients, please call us at +1-415-667-7870 and Charles Schwab Hong Kong clients, please call +852-2101-0500. At December 31, 2025, CS&Co had net capital and a net capital requirement of $13.2 billion and $2.6 billion, respectively. A copy of the report may be requested via: Investor Relations, 3000 Schwab Way, Westlake, TX 76262. Independent investment advisors are not owned by, affiliated with, or supervised by CS&Co.
Positions - Summary
Beginning Value
as of 03/01 +
Transfer of
Securities(In/Out) +
Dividends Reinvested + Cash Activity +Change in Market Value =Ending Value as of 03/31 Cost Basis UnrealizedGain/(Loss)
$89,889,016.54 $0.00 $0.00 $352,382.47 ($762,284.79) $89,479,114.22 $88,191,535.17 $519,448.37 b
Values may not reflect all of your gains/losses; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases. Statement information should not be used for tax preparation, instead refer to official tax documents. For additional information refer to Terms and Conditions.
Cash and Cash Investments
Type Symbol Description Quantity Price($)
Beginning
Balance($)
Ending
Balance($)
Change in Period
Balance($)
Pending/Unsettled
Cash($)
Interest/
Yield Rate % of
Acct
Cash , 0.00 70,625.01 70,625.01 (350,053.75) <1%
Bank Sweep CHARLES SCHWAB
BANK,X,Z 635,233.40 249,000.00 (386,233.40) 0.01% <1%
Bank Sweep SCHWAB PREMIER
BANK,X,Z 249,000.00 179,713.71 (69,286.29) 0.01% <1%
Total Cash and Cash Investments $884,233.40 $499,338.72 ($384,894.68) <1% Positions - Fixed Income
Symbol/
CUSIP Description Coupon MaturityDate Quantity/Par Price($) Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b Yield to Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
912797SN8 US TREASURY 04/30/26 800,000.0000 99.70758 797,660.64 796,716.33 796,716.33
944.31 3.67% N/A 0.00 <1%
912828V98 US TREASUR NT 2.25% 02/15/27 4,585,000.0000 98.71093 4,525,896.14 4,331,274.42 4,331,274.42
t 194,621.72 N/A y 103,162.50 12,824.07 5%
91282CEF4 US TREASUR NT 2.5% 03/31/27 600,000.0000 98.79296 592,757.76 592,851.56 592,851.56
t
(93.80) 2.80% 15,000.00 40.98 <1%
4 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon MaturityDate Quantity/Par Price($) Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b Yield to Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
91282CEN7 US TREASUR NT 2.75% 04/30/27 325,000.0000 98.92578 321,508.79 320,886.72 320,886.72
t 622.07 3.06% 8,937.50 3,752.76 <1%
91282CET4 US TREASU NT 2.625% 05/31/27 725,000.0000 98.65234 715,229.47 712,127.93 712,127.93
t 3,101.54 N/A y 19,031.25 6,378.61 <1%
91282CEW7 US TREASUR NT 3.25% 06/30/27 750,000.0000 99.29687 744,726.53 733,623.05 733,623.05
t 11,103.48 3.83% 24,375.00 6,127.42 <1%
91282CKZ3 US TREASU NT 4.375% 07/15/27 700,000.0000 100.68359 704,785.13 704,221.15 708,039.06
t 563.98 3.96% 30,625.00 6,429.56 <1%
91282CLG4 US TREASUR NT 3.75% 08/15/27 1,500,000.0000 99.88281 1,498,242.15 1,503,185.14 1,506,035.16
t
(4,942.99) 3.60% 56,250.00 6,992.40 2%
91282CFZ9 US TREASU NT 3.875% 11/30/27 625,000.0000 100.06250 625,390.63 622,265.63 622,265.63
t 3,125.00 3.97% 24,218.75 8,117.27 <1%
91282CGC9 US TREASU NT 3.875% 12/31/27 3,200,000.0000 100.06640 3,202,124.80 3,216,371.13 3,236,674.35
t
(14,246.33) N/A y 124,000.00 31,171.27 4%
91282CGH8 US TREASUR NT 3.5% 01/31/28 2,000,000.0000 99.43750 1,988,750.00 1,987,109.38 1,987,109.38
t 1,640.62 3.64% 70,000.00 11,602.21 2%
91282CQB0 US TREASU NT 3.375% 02/29/28 1,500,000.0000 99.21875 1,488,281.25 1,488,117.99 1,488,117.99
163.26 3.80% 50,625.00 4,402.17 2%
91282CGP0 US TREASUR NT 4.0% 02/29/28 1,700,000.0000 100.33203 1,705,644.51 1,684,128.91 1,684,128.91
t 21,515.60 4.24% 68,000.00 5,913.04 2%
91282CMS7 US TREASU NT 3.875% 03/15/28 1,000,000.0000 100.12109 1,001,210.90 999,074.68 999,074.68
2,136.22 3.91% 38,750.00 1,790.08 1%
91282CHE4 US TREASU NT 3.625% 05/31/28 1,000,000.0000 99.60937 996,093.70 977,656.25 977,656.25
t 18,437.45 4.13% 36,250.00 12,149.73 1%
91282CJA0 US TREASU NT 4.625% 09/30/28 425,000.0000 101.91015 433,118.14 423,572.27 423,572.27
t 9,545.87 4.70% 19,656.25 53.71 <1%
91282CJN2 US TREASU NT 4.375% 11/30/28 250,000.0000 101.38281 253,457.03 251,727.35 252,294.92
t 1,729.68 4.13% 10,937.50 3,665.87 <1%
5 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon MaturityDate Quantity/Par Price($) Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b Yield to Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
91282CJR3 US TREASUR NT 3.75% 12/31/28 1,600,000.0000 99.80468 1,596,874.88 1,584,062.50 1,584,062.50
t 12,812.38 3.97% 60,000.00 15,082.87 2%
91282CKD2 US TREASUR NT 4.25% 02/28/29 650,000.0000 101.15234 657,490.21 648,121.09 648,121.09
t 9,369.12 4.32% 27,625.00 2,402.17 <1%
91282CKG5 US TREASU NT 4.125% 03/31/29 2,075,000.0000 100.83984 2,092,426.68 2,031,218.75 2,031,218.75
t 61,207.93 N/A y 85,593.75 233.86 2%
91282CKT7 US TREASUR NT 4.5% 05/31/29 1,200,000.0000 101.94531 1,223,343.72 1,205,014.04 1,206,906.25
t 18,329.68 N/A y 54,000.00 18,098.90 1%
91282CEV9 US TREASUR NT 3.25% 06/30/29 800,000.0000 98.17968 785,437.44 790,718.75 790,718.75
t
(5,281.31) 3.52% 26,000.00 6,535.91 <1%
91282CKX8 US TREASUR NT 4.25% 06/30/29 1,150,000.0000 101.23828 1,164,240.22 1,141,195.31 1,141,195.31
t 23,044.91 4.42% 48,875.00 12,286.26 1%
91282CLN9 US TREASUR NT 3.5% 09/30/29 600,000.0000 98.80859 592,851.54 598,664.06 598,664.06
t
(5,812.52) 3.55% 21,000.00 57.38 <1%
91282CLR0 US TREASU NT 4.125% 10/31/29 500,000.0000 100.81640 504,082.00 498,847.66 498,847.66
t 5,234.34 4.18% 20,625.00 8,660.22 <1%
91282CMA6 US TREASU NT 4.125% 11/30/29 1,800,000.0000 100.83203 1,814,976.54 1,788,412.25 1,788,664.06
t 26,564.29 N/A y 74,250.00 24,885.99 2%
91282CMD0 US TREASU NT 4.375% 12/31/29 850,000.0000 101.71093 864,542.91 846,248.05 846,248.05
t 18,294.86 4.47% 37,187.50 9,348.24 <1%
91282CGQ8 US TREASUR NT 4.0% 02/28/30 1,000,000.0000 100.38671 1,003,867.10 1,000,485.40 1,000,558.56
3,381.70 3.99% 40,000.00 3,478.26 1%
3134HB6S5 FHLMC
Moodys: Aa1 S&P: AA+ CALLABLE 05/20/26 AT 100.00000
4.03% 11/20/28 2,500,000.0000 99.41840 2,485,460.00 2,499,635.00 2,499,635.00
(14,175.00) 4.04% 100,750.00 36,661.81 3%
02665WEK3 AMERICAN HONDA F
Moodys: A3 S&P: BBB+ 5.25% 07/07/26 155,000.0000 100.17260 155,267.53 154,809.35 154,809.35
t 458.18 5.29% 8,137.50 1,898.75 <1%
61761J3R8 MORGAN STANLEY
Moodys: A1 S&P: A- 3.125% 07/27/26 175,000.0000 99.62580 174,345.15 176,392.09 184,782.50
t
(2,046.94) 1.52% 5,468.75 972.22 <1%
6 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon MaturityDate Quantity/Par Price($) Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b Yield to Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
857477CD3 STATE STREET CO
Moodys: Aa3 S&P: A
CALLABLE 07/04/26 AT 100.00000
5.272% 08/03/26 195,000.0000 100.37670 195,734.57 195,000.00 195,000.00
t 734.57 5.27% 10,280.40 1,656.29 <1%
94988J6D4 WELLS FARGO BANK
Moodys: Aa2 S&P: A+ CALLABLE 07/07/26 AT 100.00000
5.45% 08/07/26 250,000.0000 100.25040 250,626.00 249,782.50 249,782.50
t 843.50 5.48% 13,625.00 2,043.75 <1%
06428CAA2 BANK OF AMERICA
Moodys: Aa2 S&P: A+ CALLABLE 07/18/26 AT 100.00000
5.526% 08/18/26 450,000.0000 100.37610 451,692.45 450,000.00 450,000.00
t 1,692.45 5.53% 24,867.00 2,970.23 <1%
24422EXD6
JOHN DEERE CAPIT
Moodys: A1 S&P: A
5.15% 09/08/26 300,000.0000 100.33990 301,019.70 299,787.00 299,787.00
t 1,232.70 5.18% 15,450.00 987.08 <1%
17325FBC1 CITIBANK, N.A. Moodys: Aa3 S&P: A+ CALLABLE 11/04/26 AT 100.00000
5.488% 12/04/26 250,000.0000 100.62410 251,560.25 250,000.00 250,000.00
t 1,560.25 5.49% 13,720.00 4,459.00 <1%
48125LRU8
JPMORGAN CHASE B
Moodys: Aa2 S&P: AA- CALLABLE 11/08/26 AT 100.00000
5.11% 12/08/26 400,000.0000 100.62510 402,500.40 400,000.00 400,000.00
t 2,500.40 5.11% 20,440.00 6,415.89 <1%
94988J6F9 WELLS FARGO BAN
Moodys: Aa2 S&P: A+ CALLABLE 11/10/26 AT 100.00000
5.254% 12/11/26 400,000.0000 100.75090 403,003.60 400,000.00 400,000.00
t 3,003.60 5.25% 21,016.00 6,421.56 <1%
02665WDJ7 AMERICAN HONDA F
Moodys: A3 S&P: BBB+ 2.35% 01/08/27 250,000.0000 98.47700 246,192.50 230,772.50 230,772.50
t 15,420.00 4.51% 5,875.00 1,354.51 <1%
87612EBM7 TARGET CORP
Moodys: A2 S&P: A
CALLABLE 12/15/26 AT 100.00000
1.95% 01/15/27 200,000.0000 98.39260 196,785.20 199,370.15 199,370.15
t
(2,584.95) N/A y 3,900.00 823.33 <1%
882508CE2 TEXAS INSTRUMENTS
Moodys: Aa3 S&P: A+ CALLABLE 01/08/27 AT 100.00000
4.6% 02/08/27 310,000.0000 100.43060 311,334.86 309,801.60 309,801.60
t 1,533.26 4.62% 14,260.00 2,099.39 <1%
532457CJ5 ELI LILLY AND CO
Moodys: Aa3 S&P: A+ CALLABLE 01/09/27 AT 100.00000
4.5% 02/09/27 270,000.0000 100.41770 271,127.79 269,856.90 269,856.90
t 1,270.89 4.52% 12,150.00 1,755.00 <1%
04636NAK9 ASTRAZENECA FIN L
Moodys: A1 S&P: A+ CALLABLE 01/26/27 AT 100.00000
4.8% 02/26/27 175,000.0000 100.58920 176,031.10 174,706.00 174,706.00
t 1,325.10 4.86% 8,400.00 816.67 <1%
17275RBQ4 CISCO SYSTEMS, IN
Moodys: A1 S&P: AA- CALLABLE 01/26/27 AT 100.00000
4.8% 02/26/27 305,000.0000 100.61120 306,864.16 304,603.50 304,603.50
t 2,260.66 4.85% 14,640.00 1,423.33 <1%
7 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon MaturityDate Quantity/Par Price($) Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b Yield to Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
24422EWD7
JOHN DEERE CAPIT
Moodys: A1 S&P: A
2.35% 03/08/27 125,000.0000 98.42780 123,034.75 124,690.00 124,690.00
t
(1,655.25) 2.41% 2,937.50 187.67 <1%
857477CL5 STATE STREET CO
Moodys: Aa3 S&P: A
CALLABLE 02/18/27 AT 100.00000
4.993% 03/18/27 210,000.0000 100.62280 211,307.88 210,000.00 210,000.00
t 1,307.88 4.99% 10,485.30 378.64 <1%
46647PCB0
JPMORGAN CHASE &
VAR
Moodys: A1 S&P: A
CALLABLE 04/22/26 AT 100.00000
04/22/27 400,000.0000 99.88440 399,537.60 387,414.00
387,414.00
12,123.60 3.16% 6,312.00 2,787.80 <1%
06406RBQ9 THE BANK OF NEW Y
VAR
Moodys: Aa3 S&P: A
CALLABLE 04/26/26 AT 100.00000
04/26/27 325,000.0000 100.00640 325,020.80 325,000.00
325,000.00
t 20.80 4.95% 16,077.75 6,922.36 <1%
037833CR9 APPLE INC. Moodys: Aaa S&P: AA+ CALLABLE 02/11/27 AT 100.00000
3.2% 05/11/27 250,000.0000 99.24400 248,110.00 247,552.50 247,552.50
t 557.50 3.44% 8,000.00 3,111.11 <1%
06051GJS9 BANK OF AMERICA C
VAR
Moodys: A1 S&P: A- CALLABLE 07/22/26 AT 100.00000
07/22/27 500,000.0000 99.13130 495,656.50 480,450.00
480,450.00
15,206.50 3.44% 8,670.00 1,661.75 <1%
437076BT8 THE HOME DEPOT, I
Moodys: A2 S&P: A
CALLABLE 06/14/27 AT 100.00000
2.8% 09/14/27 250,000.0000 98.23780 245,594.50 234,095.00 234,095.00
t 11,499.50 4.34% 7,000.00 330.56 <1%
89236TMS1 TOYOTA MOTOR CRE
Moodys: A1 S&P: A+ 4.35% 10/08/27 130,000.0000 100.20430 130,265.59 129,949.30 129,949.30
t 316.29 4.36% 5,655.00 2,717.54 <1%
857477CP6 STATE STREET COR
Moodys: Aa3 S&P: A
CALLABLE 09/22/27 AT 100.00000
4.33% 10/22/27 300,000.0000 100.38260 301,147.80 300,000.00 300,000.00
t 1,147.80 4.33% 12,990.00 5,737.25 <1%
10373QBY5 BP CAPITAL MARK
Moodys: A1 S&P: A- CALLABLE 10/17/27 AT 100.00000
5.017% 11/17/27 380,000.0000 101.18810 384,514.78 380,000.00 380,000.00
t 4,514.78 5.02% 19,064.60 7,096.27 <1%
172967LD1 CITIGROUP INC. VAR
Moodys: A3 S&P: BBB+ CALLABLE 01/10/27 AT 100.00000
01/10/28 175,000.0000 99.48010 174,090.18 165,800.25
165,800.25
t 8,289.93 5.19% 6,802.25 1,530.51 <1%
90261AAD4 UBS AG, STAMFO4.864%
Moodys: Aa2 S&P: A+ CALLABLE 01/10/27 AT 100.00000
01/10/28 250,000.0000 100.32140 250,803.50 250,000.00
250,000.00
t 803.50 4.86% 12,160.00 2,736.00 <1%
8 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon MaturityDate Quantity/Par Price($) Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b Yield to Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
57636QBA1 MASTERCARD INC
Moodys: Aa3 S&P: A+ CALLABLE 12/15/27 AT 100.00000
4.1% 01/15/28 160,000.0000 100.02910 160,046.56 159,912.00 159,912.00
t 134.56 4.12% 6,560.00 1,384.89 <1%
882508BV5 TEXAS INSTRUMENTS
Moodys: Aa3 S&P: A+ CALLABLE 01/15/28 AT 100.00000
4.6% 02/15/28 115,000.0000 100.69840 115,803.16 117,764.60 117,764.60
t
(1,961.44) 4.04% 5,290.00 675.94 <1%
95000U2V4 WELLS FARGO & CO
VAR
Moodys: A1 S&P: BBB+ CALLABLE 03/24/27 AT 100.00000
03/24/28 250,000.0000 99.09930 247,748.25 235,302.50
235,302.50
t 12,445.75 4.91% 8,815.00 171.40 <1%
61747YFP5 MORGAN STANLEY
VAR
Moodys: A1 S&P: A- CALLABLE 04/13/27 AT 100.00000
04/13/28 500,000.0000 101.12230 505,611.50 508,064.85
509,680.00
(2,453.35) 4.96% 28,260.00 13,188.00 <1%
61747YER2 MORGAN STANLEY
VAR
Moodys: A1 S&P: A- CALLABLE 04/20/27 AT 100.00000
04/20/28 500,000.0000 99.74210 498,710.50 495,550.00
495,550.00
3,160.50 4.52% 21,050.00 9,414.03 <1%
46647PAF3
JPMORGAN CHASE &
VAR
Moodys: A1 S&P: A
CALLABLE 05/01/27 AT 100.00000
05/01/28 250,000.0000 98.99300 247,482.50 234,055.00
234,055.00
t 13,427.50 5.03% 8,850.00 3,687.50 <1%
369550BC1 GENERAL DYNAMICS
Moodys: A1 S&P: A
CALLABLE 02/15/28 AT 100.00000
3.75% 05/15/28 275,000.0000 99.26040 272,966.10 266,582.25 266,582.25
t 6,383.85 4.45% 10,312.50 3,895.83 <1%
025816DV8 AMERICAN EXPRESS
VAR
Moodys: A2 S&P: A- CALLABLE 07/26/27 AT 100.00000
07/26/28 70,000.0000 100.86410 70,604.87 70,000.00
70,000.00
t 604.87 5.04% 3,530.10 637.38 <1%
907818EY0 UNION PACIFIC CO
Moodys: A3 S&P: A- CALLABLE 06/10/28 AT 100.00000
3.95% 09/10/28 500,000.0000 99.30930 496,546.50 493,960.00 493,960.00
2,586.50 4.33% 19,750.00 1,152.08 <1%
02209SBQ5 ALTRIA GROUP, INC
Moodys: A3 S&P: BBB+ CALLABLE 10/01/28 AT 100.00000
6.2% 11/01/28 500,000.0000 104.10790 520,539.50 527,475.00 527,475.00
(6,935.50) 4.20% 31,000.00 12,916.67 <1%
06051GHD4 BANK OF AMERICA C
VAR
Moodys: A1 S&P: A- CALLABLE 12/20/27 AT 100.00000
12/20/28 500,000.0000 98.14180 490,709.00 484,025.50
484,025.50
6,683.50 4.35% 17,095.00 4,796.10 <1%
9 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon MaturityDate Quantity/Par Price($) Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b Yield to Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
571748BG6 MARSH & MCLENNA
Moodys: A3 S&P: A- CALLABLE 12/15/28 AT 100.00000
4.375% 03/15/29 500,000.0000 99.98100 499,905.00 498,165.00 498,165.00
1,740.00 4.48% 21,875.00 972.22 <1%
57636QAM6 MASTERCARD INC
Moodys: Aa3 S&P: A+ CALLABLE 03/01/29 AT 100.00000
2.95% 06/01/29 500,000.0000 96.33220 481,661.00 473,975.00 473,975.00
7,686.00 4.33% 14,750.00 4,916.67 <1%
693475BR5 THE PNC FINL SERV VAR
Moodys: A3 S&P: A- CALLABLE 06/12/28 AT 100.00000
06/12/29 1,250,000.0000 102.26080 1,278,260.00 1,279,126.56 1,284,525.00
(866.56) N/A y 69,775.00 21,126.32 1%
91159HJM3 U.S. BANCORP VAR
Moodys: A3 S&P: A
CALLABLE 06/12/28 AT 100.00000
06/12/29 500,000.0000 102.57730 512,886.50 512,700.03
515,230.00
186.47 4.98% 28,875.00 8,742.71 <1%
025816DH9 AMERICAN EXPRESS
VAR
Moodys: A2 S&P: A- CALLABLE 07/27/28 AT 100.00000
07/27/29 500,000.0000 101.70150 508,507.50 508,286.14
510,220.00
221.36 4.76% 26,410.00 4,621.75 <1%
06406YAA0 THE BANK OF NEW Y
Moodys: A2 S&P: A- CALLABLE 05/23/29 AT 100.00000
3.3% 08/23/29 750,000.0000 96.28070 722,105.25 711,430.00 711,430.00
10,675.25 4.61% 24,750.00 2,612.50 <1%
06051GLS6 BANK OF AMERICA C
VAR
Moodys: A1 S&P: A- CALLABLE 09/15/28 AT 100.00000
09/15/29 500,000.0000 103.07010 515,350.50 520,294.85
522,240.00
(4,944.35) 4.55% 29,095.00 1,293.11 <1%
66989HAT5 NOVARTIS CAPITAL
Moodys: Aa3 S&P: AA- CALLABLE 08/18/29 AT 100.00000
3.8% 09/18/29 465,000.0000 98.70000 458,955.00 463,870.05 463,870.05
t
(4,915.05) 3.85% 17,670.00 638.08 <1%
808513CJ2 THE CHARLES SCHWA
VAR
Moodys: A2 S&P: A- CALLABLE 11/17/28 AT 100.00000
11/17/29 750,000.0000 104.38980 782,923.50 786,865.63
791,942.50
(3,942.13) 4.83% 46,470.00 17,297.17 <1%
20826FBJ4 CONOCOPHILLIPS CO
Moodys: A2 S&P: A- CALLABLE 12/15/29 AT 100.00000
4.7% 01/15/30 750,000.0000 100.68280 755,121.00 752,751.42 753,137.50
2,369.58 4.60% 35,250.00 7,441.67 <1%
91324PFG2 UNITEDHEALTH GROU
Moodys: A2 S&P: A+ CALLABLE 12/15/29 AT 100.00000
4.8% 01/15/30 750,000.0000 100.96510 757,238.25 755,984.55 756,992.50
1,253.70 4.58% 36,000.00 7,600.00 <1%
46647PEB8
JPMORGAN CHASE &
VAR
Moodys: A1 S&P: A
CALLABLE 01/23/29 AT 100.00000
01/23/30 500,000.0000 101.13950 505,697.50 503,921.75
504,660.00
1,775.75 4.79% 25,060.00 4,733.56 <1%
10 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon MaturityDate Quantity/Par Price($) Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b Yield to Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
6174468G7 MORGAN STANLEY
VAR
Moodys: A1 S&P: A- CALLABLE 01/23/29 AT 100.00000
01/23/30 250,000.0000 99.52790 248,819.75 246,275.00
246,275.00
2,544.75 4.78% 11,077.50 2,092.42 <1%
91159HJQ4 U.S. BANCORP VAR
Moodys: A3 S&P: A
CALLABLE 01/23/29 AT 100.00000
01/23/30 500,000.0000 102.12610 510,630.50 507,829.36
509,220.00
2,801.14 4.95% 26,920.00 5,084.89 <1%
29379VBX0 ENTERPRISE PRODUC
Moodys: A3 S&P: A- CALLABLE 10/31/29 AT 100.00000
2.8% 01/31/30 500,000.0000 93.99350 469,967.50 463,150.00 463,150.00
6,817.50 4.52% 14,000.00 2,372.22 <1%
76720AAS5 RIO TINTO FIN 4.875%
Moodys: A1 S&P: A
CALLABLE 02/14/30 AT 100.00000
4.875% 03/14/30 750,000.0000 101.47310 761,048.25 753,941.26 754,735.00
7,106.99 4.73% 36,562.50 1,726.56 <1%
718172DT3 PHILIP MORRIS I
Moodys: A2 S&P: A- CALLABLE 03/30/30 AT 100.00000
4.375% 04/30/30 1,250,000.0000 99.32600 1,241,575.00 1,255,617.50 1,255,617.50
(14,042.50) N/A y 54,687.50 22,938.37 1%
38141GB29 THE GOLDMAN SACHS
VAR
Moodys: A2 S&P: BBB+ CALLABLE 07/23/29 AT 100.00000
07/23/30 750,000.0000 101.00740 757,555.50 768,107.50
768,107.50
(10,552.00) 4.45% 37,867.50 7,152.75 <1%
09659DAC0 BOARD TRUSTEES
Moodys: Aaa S&P: AAA
CALLABLE 06/01/30 AT 100.00000
4.146% 08/01/30 1,000,000.0000 99.37920 993,792.00 1,000,001.45 1,000,010.00
(6,209.45) 3.87% 41,460.00 6,910.00 1%
91324PFP2 UNITEDHEALTH GRO
Moodys: A2 S&P: A+ CALLABLE 12/15/30 AT 100.00000
4.65% 01/15/31 800,000.0000 100.16900 801,352.00 817,906.00 817,906.00
(16,554.00) 4.14% 37,200.00 7,853.33 <1%
13063D3N6 CALIFORNIA ST
Moodys: Aa2 S&P: AA- 4.846% 03/01/27 265,000.0000 100.93900 267,488.35 265,000.00 265,000.00
t 2,488.35 4.85% 12,841.90 1,070.16 <1%
91412GXU4 UNIVERSITY CALI
Moodys: Aa3 S&P: AA- 3.909% 05/15/29 1,000,000.0000 99.56700 995,670.00 984,610.00 984,610.00
11,060.00 4.32% 39,090.00 14,767.33 1%
3142JCAB6 FHLMC RR0001
FACTOR= .830785260
REMAIN PRIN=$2,076,963.15
4.5% 06/01/40 2,500,000.0000 99.39703 2,064,439.69 N/A
2,085,084.93
N/A N/A N/A N/A 2%
3142JCAC4 FHLMC RR0002
FACTOR= .775188710
REMAIN PRIN=$1,937,971.78
5.0% 06/01/40 2,500,000.0000 100.69404 1,951,422.07 N/A 1,950,319.32
N/A N/A N/A N/A 2%
3142JCAT7 FHLMC RR0017
FACTOR= .805951140
REMAIN PRIN=$2,014,877.85
5.0% 08/01/40 2,500,000.0000 100.69134 2,028,807.51 N/A 2,043,456.57
N/A N/A N/A N/A 2%
11 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon MaturityDate Quantity/Par Price($) Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b Yield to Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
3142JCB74 FHLMC RR0061
FACTOR= .979243670
REMAIN PRIN=$979,243.67
4.5% 02/01/41 1,000,000.0000 99.25207 971,919.61 N/A
979,329.84
N/A N/A N/A N/A 1%
3137BRQJ7 FHLMC
FACTOR= .809851210
REMAIN PRIN=$242,955.36
2.57% 07/25/26 300,000.0000 99.51961 241,788.23 N/A
231,016.38
t N/A N/A N/A N/A <1%
3137FNWX4 FHLMC
FACTOR= .841923000
REMAIN PRIN=$336,769.20
2.282% 07/25/26 400,000.0000 99.52152 335,157.83 N/A
312,471.85
t N/A N/A N/A N/A <1%
3137BSP72 FHLMC
FACTOR=1.000000000
REMAIN PRIN=$450,000.00
2.653% 08/25/26 450,000.0000 99.39105 447,259.73 N/A
429,521.48
t N/A N/A N/A N/A <1%
3137BTUM1 FHLMC
FACTOR= .943474360
REMAIN PRIN=$226,433.85
3.347% 11/25/26 240,000.0000 99.48854 225,275.73 N/A
219,463.90
t N/A N/A N/A N/A <1%
3137BVZ82 FHLMC
FACTOR= .990634020
REMAIN PRIN=$693,443.81
3.43% 01/25/27 700,000.0000 99.22396 688,062.41 N/A
673,398.96
t N/A N/A N/A N/A <1%
448979AD6 HYUNDAI AUTO REC
S&P: AAA
FACTOR= .022902246
REMAIN PRIN=$5,038.49
4.58% 04/15/27 220,000.0000 100.00731 5,038.86 N/A
5,038.00
t N/A N/A N/A N/A <1%
3137F1G44 FHLMC
FACTOR=1.000000000
REMAIN PRIN=$600,000.00
3.243% 04/25/27 600,000.0000 98.95835 593,750.10 N/A
573,585.94
t N/A N/A N/A N/A <1%
44933DAD3 HYUNDAI AUTO REC
S&P: AAA
FACTOR= .035268970
REMAIN PRIN=$6,524.76
5.39% 06/15/27 185,000.0000 100.03869 6,527.28 N/A
6,524.73
t N/A N/A N/A N/A <1%
3136AX7E9 FEDERAL NTNL MO
FACTOR= .480589970
REMAIN PRIN=$192,235.99
06/25/27 400,000.0000 98.91108 190,142.69 N/A
179,733.14
t N/A N/A N/A N/A <1%
14318UAD3 CARMAX AUTO OWNE
S&P: AAA
CALLABLE 05/15/27 AT 100.00000
FACTOR= .083248122
REMAIN PRIN=$16,233.38
5.34% 08/16/27 195,000.0000 100.10809 16,250.93 N/A
16,229.58
t N/A N/A N/A N/A <1%
12 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon MaturityDate Quantity/Par Price($) Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b Yield to Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
58768PAC8 MERCEDES-BENZ AU
Moodys: Aaa S&P: AAA
CALLABLE 04/15/27 AT 100.00000
FACTOR= .085991044
REMAIN PRIN=$22,787.63
5.21% 08/16/27 265,000.0000 100.11950 22,814.86 N/A
22,783.12
t N/A N/A N/A N/A <1%
3136AY6X6 FEDERAL NTNL MO
FACTOR= .789834300
REMAIN PRIN=$315,933.72
09/25/27 400,000.0000 98.74985 311,984.07 N/A
294,200.95
t N/A N/A N/A N/A <1%
3137F64P9 FHLMC
FACTOR= .976422780
REMAIN PRIN=$439,390.25
1.336% 09/25/27 450,000.0000 96.69962 424,888.70 N/A
405,663.63
t N/A N/A N/A N/A <1%
58770AAC7 MERCEDES-BENZ AU
S&P: AAA
CALLABLE 11/15/27 AT 100.00000
FACTOR= .151980828
REMAIN PRIN=$20,517.41
4.51% 11/15/27 135,000.0000 100.07837 20,533.49 N/A
20,514.95
t N/A N/A N/A N/A <1%
41285JAD0 HARLEY-DAVIDSON
Moodys: Aaa S&P: NR
FACTOR= .176295799
REMAIN PRIN=$40,548.03
5.05% 12/15/27 230,000.0000 100.17021 40,617.05 N/A
40,543.94
t N/A N/A N/A N/A <1%
344928AD8 FORD CR AUTO OWN
Moodys: NR S&P: AAA
CALLABLE 01/15/28 AT 100.00000
FACTOR= .260135734
REMAIN PRIN=$46,824.43
4.65% 02/15/28 180,000.0000 100.17907 46,908.28 N/A
46,819.54
t N/A N/A N/A N/A <1%
891941AD8 TOYOTA AUTO RECE
Moodys: Aaa CALLABLE 02/15/28 AT 100.00000
FACTOR= .399442046
REMAIN PRIN=$107,849.35
4.71% 02/15/28 270,000.0000 100.22135 108,088.08 N/A
107,843.33
t N/A N/A N/A N/A <1%
362583AD8 GM FINL CONSUMER
Moodys: Aaa S&P: AAA
CALLABLE 02/16/28 AT 100.00000
FACTOR= .271596931
REMAIN PRIN=$48,887.45
4.47% 02/16/28 180,000.0000 100.08580 48,929.39 N/A
48,886.10
t N/A N/A N/A N/A <1%
05592XAD2 BMW VEH OWNER TR
S&P: AAA
FACTOR= .289066112
REMAIN PRIN=$33,242.60
5.47% 02/25/28 115,000.0000 100.50178 33,409.41 N/A
33,236.70
t N/A N/A N/A N/A <1%
13 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon MaturityDate Quantity/Par Price($) Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b Yield to Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
44933XAD9 HYUNDAI AUTO REC
Moodys: NR S&P: AAA
FACTOR= .380057804
REMAIN PRIN=$53,208.09
5.48% 04/17/28 140,000.0000 100.47031 53,458.34 N/A
53,205.77
t N/A N/A N/A N/A <1%
02007WAC2 ALLY AUTO RECEIV
Moodys: Aaa CALLABLE 05/15/28 AT 100.00000
FACTOR= .410241847
REMAIN PRIN=$102,560.46
5.46% 05/15/28 250,000.0000 100.48830 103,061.26 N/A
102,542.98
t N/A N/A N/A N/A <1%
02582JJZ4 AMERICAN EXPRESS
S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$255,000.00
4.87% 05/15/28 255,000.0000 100.09593 255,244.62 N/A
254,977.38
t N/A N/A N/A N/A <1%
05522RDG0 BA CREDIT CARD T
S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$230,000.00
4.79% 05/15/28 230,000.0000 100.08491 230,195.29 N/A
229,947.93
t N/A N/A N/A N/A <1%
14041NGD7 CAPITAL ONE MULT
Moodys: NR S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$415,000.00
4.42% 05/15/28 415,000.0000 100.03885 415,161.23 N/A
414,904.84
t N/A N/A N/A N/A <1%
344930AD4 FORD CR AUTO OWN
Moodys: NR S&P: AAA
CALLABLE 03/15/28 AT 100.00000
FACTOR= .420485357
REMAIN PRIN=$84,097.07
5.23% 05/15/28 200,000.0000 100.44975 84,475.30 N/A
84,095.93
t N/A N/A N/A N/A <1%
3137H14B9 FHLMC
CALLABLE 05/25/28 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$500,000.00
1.77% 05/25/28 500,000.0000 95.30711 476,535.55 N/A
437,617.19
t N/A N/A N/A N/A <1%
254683CZ6 DISCOVER CARD EX
Moodys: Aaa S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$455,000.00
4.93% 06/15/28 455,000.0000 100.20823 455,947.45 N/A
454,938.53
t N/A N/A N/A N/A <1%
36267KAD9 GM FINL CONSUMER
Moodys: Aaa S&P: AAA
CALLABLE 04/16/28 AT 100.00000
FACTOR= .419229228
REMAIN PRIN=$58,692.09
5.45% 06/16/28 140,000.0000 100.51741 58,995.77 N/A
58,689.83
t N/A N/A N/A N/A <1%
14 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon MaturityDate Quantity/Par Price($) Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b Yield to Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
438123AC5 HAROT 2023-4 A2
Moodys: Aaa FACTOR= .553762343
REMAIN PRIN=$63,682.67
5.67% 06/21/28 115,000.0000 100.88933 64,249.02 N/A
63,671.46
t N/A N/A N/A N/A <1%
3137HACX2 FHLMC
CALLABLE 06/25/28 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$700,000.00
4.819% 06/25/28 700,000.0000 100.82515 705,776.05 N/A
706,991.60
t N/A N/A N/A N/A <1%
3136BQDE6 FEDERAL NTNL MO
FACTOR= .916507010
REMAIN PRIN=$504,078.86
4.184% 07/25/28 550,000.0000 99.92965 503,724.24 N/A
485,018.40
t N/A N/A N/A N/A <1%
31680EAD3 FIFTH THIRD AUTO
Moodys: Aaa S&P: AAA
CALLABLE 02/15/28 AT 100.00000
FACTOR= .455186152
REMAIN PRIN=$216,213.42
5.53% 08/15/28 475,000.0000 100.69052 217,706.42 N/A
216,200.02
t N/A N/A N/A N/A <1%
41285YAC9 HARLEY-DAVIDSON
Moodys: Aaa S&P: AAA
CALLABLE 09/15/28 AT 100.00000
FACTOR= .484701612
REMAIN PRIN=$225,386.25
5.69% 08/15/28 465,000.0000 100.71968 227,008.31 N/A
225,335.30
t N/A N/A N/A N/A <1%
89239FAD4 TOYOTA AUTO RECE
S&P: AAA
CALLABLE 07/15/28 AT 100.00000
FACTOR= .668881143
REMAIN PRIN=$86,954.55
5.54% 08/15/28 130,000.0000 100.84635 87,690.49 N/A
86,945.17
t N/A N/A N/A N/A <1%
379930AD2 GM FINL SECURITI
Moodys: Aaa S&P: AAA
CALLABLE 07/16/28 AT 100.00000
FACTOR= .548071445
REMAIN PRIN=$117,835.36
5.78% 08/16/28 215,000.0000 100.74203 118,709.73 N/A
117,811.16
t N/A N/A N/A N/A <1%
3137HAMH6 FHLMC
FACTOR=1.000000000
REMAIN PRIN=$650,000.00
4.65% 08/25/28 650,000.0000 100.59853 653,890.45 N/A
640,384.55
t N/A N/A N/A N/A <1%
3137HAQ74 FHLMC
CALLABLE 08/25/28 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$650,000.00
4.74% 08/25/28 650,000.0000 101.26102 658,196.63 N/A
635,741.60
t N/A N/A N/A N/A <1%
3137HAMN3 FHLMC
CALLABLE 08/25/28 AT 100.00000
FACTOR= .488746210
REMAIN PRIN=$139,292.67
5.272% 08/25/28 285,000.0000 100.84199 140,465.50 N/A
139,291.94
t N/A N/A N/A N/A <1%
15 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon MaturityDate Quantity/Par Price($) Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b Yield to Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
3137HAST4 FHLMC
CALLABLE 09/25/28 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$600,000.00
4.85% 09/25/28 600,000.0000 101.58733 609,523.98 N/A
588,101.87
t N/A N/A N/A N/A <1%
44918CAD4 HYUNDAI AUTO REC
Moodys: NR S&P: AAA
FACTOR= .614468013
REMAIN PRIN=$122,893.60
5.54% 10/16/28 200,000.0000 100.72548 123,785.17 N/A
122,877.44
t N/A N/A N/A N/A <1%
3137HB3G7 FHLMC
CALLABLE 10/25/28 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$360,000.00
4.86% 10/25/28 360,000.0000 101.50144 365,405.18 N/A
358,965.72
t N/A N/A N/A N/A <1%
3137HB3D4 FHLMC
CALLABLE 10/25/28 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$235,000.00
5.069% 10/25/28 235,000.0000 101.64913 238,875.46 N/A
234,320.62
t N/A N/A N/A N/A <1%
05522RDH8 BA CREDIT CARD T
Moodys: Aaa FACTOR=1.000000000
REMAIN PRIN=$230,000.00
4.98% 11/15/28 230,000.0000 100.66142 231,521.27 N/A
229,969.11
t N/A N/A N/A N/A <1%
3137HBCF9 FHLMC
CALLABLE 11/25/28 AT 100.00000
FACTOR= .921362150
REMAIN PRIN=$244,160.97
5.0% 11/25/28 265,000.0000 101.78399 248,516.78 N/A
246,440.94
t N/A N/A N/A N/A <1%
3137HBLV4 FHLMC
CALLABLE 12/25/28 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$330,000.00
4.572% 12/25/28 330,000.0000 100.99945 333,298.19 N/A
333,299.67
t N/A N/A N/A N/A <1%
161571HV9 CHASE ISSUANCE TR
Moodys: NR S&P: AAA
CALLABLE 01/15/27 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$520,000.00
4.6% 01/16/29 520,000.0000 100.44559 522,317.07 519,920.80 519,920.80
t 2,396.27 0.00% 23,920.00 N/A <1%
3137HC2L5 FEDERAL HOME LN M
CALLABLE 01/25/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$525,000.00
5.4% 01/25/29 525,000.0000 103.06474 541,089.89 N/A
552,644.53
t N/A N/A N/A N/A <1%
92970QAA3 WF CARD ISSUANCE
Moodys: Aaa S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$650,000.00
4.94% 02/15/29 650,000.0000 100.77687 655,049.66 N/A
649,823.59
t N/A N/A N/A N/A <1%
16 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon MaturityDate Quantity/Par Price($) Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b Yield to Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
3137HCKV3 FHLMC
CALLABLE 03/25/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$295,000.00
5.18% 03/25/29 295,000.0000 102.55148 302,526.87 N/A
296,197.41
t N/A N/A N/A N/A <1%
02582JKH2 AMERICAN EXPRESS
Moodys: NR S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$625,000.00
5.23% 04/16/29 625,000.0000 101.22297 632,643.56 N/A
624,871.88
t N/A N/A N/A N/A <1%
448976AD2 HYUNDAI AUTO REC
Moodys: NR S&P: AAA
CALLABLE 08/15/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$240,000.00
4.41% 05/15/29 240,000.0000 100.32955 240,790.92 N/A
239,982.43
t N/A N/A N/A N/A <1%
3137HDV56 FHLMC
CALLABLE 05/25/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$520,000.00
4.72% 05/25/29 520,000.0000 101.48701 527,732.45 N/A
523,193.32
t N/A N/A N/A N/A <1%
3137HDJJ0 FHLMC
CALLABLE 05/25/29 AT 100.00000
FACTOR= .973550220
REMAIN PRIN=$657,146.40
4.803% 05/25/29 675,000.0000 101.45933 666,736.33 N/A
657,144.43
t N/A N/A N/A N/A <1%
3137HFNZ4 FHLMC
CALLABLE 07/25/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$195,000.00
4.508% 07/25/29 195,000.0000 100.94927 196,851.08 N/A
198,896.10
t N/A N/A N/A N/A <1%
3137HDXL9 FHLMC
CALLABLE 07/25/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$495,000.00
4.543% 07/25/29 495,000.0000 101.05160 500,205.42 N/A
499,630.23
t N/A N/A N/A N/A <1%
38014AAD3 GM FINL CONSUMER
Moodys: Aaa S&P: AAA
CALLABLE 08/16/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$165,000.00
4.4% 08/16/29 165,000.0000 100.20617 165,340.18 N/A
164,968.22
t N/A N/A N/A N/A <1%
14041NGE5 CAPITAL ONE FUND
Moodys: NR S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$615,000.00
3.92% 09/17/29 615,000.0000 99.86690 614,181.44 N/A
614,879.95
t N/A N/A N/A N/A <1%
3137HH6C0 FHLMC
CALLABLE 09/25/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$310,000.00
4.791% 09/25/29 310,000.0000 101.94719 316,036.29 N/A
316,195.97
t N/A N/A N/A N/A <1%
17 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon MaturityDate Quantity/Par Price($) Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($) b Yield to Maturity
Est. Annual
Income($)
Accrued
Interest$)
% of
Acct
3137HHJL6 FHLMC
CALLABLE 09/25/29 AT 100.00000
FACTOR=1.000000000
REMAIN PRIN=$495,000.00
4.792% 09/25/29 495,000.0000 101.83163 504,066.57 N/A
497,577.47
t N/A N/A N/A N/A <1%
437921AD1 HONDA AUTO RECEI
Moodys: Aaa FACTOR=1.000000000
REMAIN PRIN=$729,000.00
4.15% 10/15/29 729,000.0000 100.04958 729,361.44 N/A
728,928.35
N/A N/A N/A N/A <1%
92970QAE5 WF CARD ISSUANCE
Moodys: Aaa S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$235,000.00
4.29% 10/15/29 235,000.0000 100.45367 236,066.12 N/A
234,965.08
t N/A N/A N/A N/A <1%
02582JKP4 AMERICAN EXPRES
S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$241,000.00
4.319% 04/15/30 241,000.0000 100.17292 241,416.74 N/A
240,995.66
N/A N/A N/A N/A <1%
17305EHA6 CITIBANK CREDIT C
Moodys: Aaa S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$365,000.00
4.3% 06/21/30 365,000.0000 100.34475 366,258.34 N/A
364,911.09
N/A N/A N/A N/A <1%
92348KEF6 VERIZON MASTER TR
Moodys: Aaa S&P: AAA
FACTOR=1.000000000
REMAIN PRIN=$318,000.00
4.4% 06/20/31 318,000.0000 100.23686 318,753.21 N/A
317,988.69
N/A N/A N/A N/A <1%
Total Fixed Income 93,858,000.0000 $88,979,775.50 $519,448.37 $2,476,228.55 $536,321.09 99% Total Adj Cost Basis $62,219,786.94
Total Orig Cost Basis $88,252,506.13
Accrued Interest represents the interest that would be received if the fixed income investment was sold prior to the coupon payment. Yield to Maturity is the annualized rate of return earned if held until maturity date. Estimated Annual Income ("EAI") and Estimated Yield ("EY") calculations are for informational purposes only and are derived from information provided by outside parties. Schwab cannot guarantee the accuracy of such information. Since the interest and dividends are subject to change at any time, they should not be relied upon exclusively for making investment decisions. The actual income and yield might be lower or higher than the estimated amounts. EY is based upon EAI and the current price of the security and will fluctuate. For certain types of securities, the calculations could include a return of principal or capital gains in which case EAI and EY would be overstated. EY and EAI are not promptly updated to reflect when an issuer has missed a regular payment or announced changes to future payments, in which case EAI and EY will continue to display at a prior rate. Total Adj Cost Basis and Total Orig Cost Basis are the sums of the individual positions held, which may be incomplete or unavailable. 18 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Transactions - Summary
Beginning Cash* as of 03/01 + Deposits + Withdrawals + Purchases + Sales/Redemptions + Dividends/Interest + Expenses = Ending Cash* as of 03/31 $884,233.40 $0.00 $0.00 ($3,110,348.35) $2,373,071.20 $353,715.80 ($1,333.33) $499,338.72 Other Activity $0.00 Other activity includes transactions which don't affect the cash balance such as stock transfers, splits, etc. *Cash (includes any cash debit balance) held in your account plus the value of any cash invested in a sweep money fund.
Transaction Details
Date Category Action Symbol/CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
03/02 Purchase Bought Prime 91324PFP2 UNITEDHEALTH GRO 4.65%31 DUE 01/15/31
800,000.0000 102.2370 4,866.67 (822,762.67)
Executed by J.P. Morgan Securities LLC as Principal; Accrued interest $4,856.67; Schwab Prime Broker Fee $10.00 Interest Bond Interest 13063D3N6 CALIFORNIA ST 4.846%27GO UTX DUE 03/01/27XTRO TAXBL
6,420.95
Interest Bond Interest 91282CGP0 US TREASUR NT 4%02/28UST NOTE DUE 02/29/28
34,000.00
Interest Bond Interest 91282CGQ8 US TREASUR NT 4%02/30UST NOTE DUE 02/28/30
20,000.00
Interest Bond Interest 91282CKD2 US TREASUR NT 4.25%02/29UST NOTE DUE 02/28/29
13,812.50
03/05 Redemption Full Redemption 912797RV1 US TREASURY BILXXX **MATURED**
1,250,000.00
Treasury Bill interest $8,828.47
Other
Activity
Redemption 912797RV1 US TREASURY BILXXX
**MATURED**
(1,250,000.0000)
03/09 Interest Bond Interest 24422EWD7 JOHN DEERE CAPIT 2.35%27 DUE 03/08/27
1,468.75
Interest Bond Interest 24422EXD6 JOHN DEERE CAPIT 5.15%26 DUE 09/08/26
7,725.00
03/10 Interest Bond Interest 907818EY0 UNION PACIFIC CO 3.95%28 DUE 09/10/28
9,875.00
19 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Transaction Details (continued)
Date Category Action Symbol/CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
03/13 Redemption Full Redemption 20271RAR1 COMMONWEALTH B5.316% XXX **MATURED**
100,000.00
Other
Activity
Redemption 20271RAR1 COMMONWEALTH B5.316% XXX
**MATURED**
(100,000.0000)
Interest Bond Interest 20271RAR1 COMMONWEALTH B5.316%
XXX**MATURED**
2,658.00
03/16 Redemption Principal Payment 02007WAC2 ALLY AUTO RECEIV 5.46%28 ABS-AUTO DUE 05/15/28
10,610.37
Redemption Principal Payment 14318UAD3 CARMAX AUTO OWNE 5.34%27 ABS-AUTO DUE 08/16/27
7,317.29
Redemption 254683CY9 DISCOVER CARD EX 4.31%28 ABS-CC
DUE 03/15/28
225,000.00
Redemption Principal Payment 31680EAD3 FIFTH THIRD AUTO 5.53%28 ABS-AUTO DUE 08/15/28
21,225.46
Redemption Principal Payment 344928AD8 FORD CR AUTO OWN 4.65%28 ABS-AUTO DUE 02/15/28
6,623.48
Redemption Principal Payment 344930AD4 FORD CR AUTO OWN 5.23%28 ABS-AUTO DUE 05/15/28
9,231.75
Redemption Principal Payment 362583AD8 GM FINL CONSUMER 4.47%28 ABS-AUTO DUE 02/16/28
6,860.76
Redemption Principal Payment 36267KAD9 GM FINL CONSUMER 5.45%28 ABS-AUTO DUE 06/16/28
6,427.20
Redemption Principal Payment 379930AD2 GM FINL SECURITI 5.78%28 ABS-AUTO DUE 08/16/28
10,531.82
Redemption Principal Payment 41285JAD0 HARLEY-DAVIDSON 5.05%27 ABS-SPCL DUE 12/15/27
9,369.11
Redemption Principal Payment 41285YAC9 HARLEY-DAVIDSON 5.69%28 ABS-SPCL DUE 08/15/28
22,274.12
Redemption 438516CX2 HONEYWELL INTERN 4.65%27
**CALLED**
161,968.00
Redemption 438516CJ3 HONEYWELL INTERN 4.95%28
**CALLED**
229,862.25
20 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Transaction Details (continued)
Date Category Action Symbol/CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
03/16 Redemption Principal Payment 448979AD6 HYUNDAI AUTO REC 4.58%27 ABS-AUTO DUE 04/15/27
10,363.91
Redemption Principal Payment 44933DAD3 HYUNDAI AUTO REC 5.39%27 ABS-AUTO DUE 06/15/27
7,276.68
Redemption Principal Payment 44933XAD9 HYUNDAI AUTO REC 5.48%28 ABS-AUTO DUE 04/17/28
6,508.54
Redemption Principal Payment 44918CAD4 HYUNDAI AUTO REC 5.54%28 ABS-AUTO DUE 10/16/28
10,534.85
Redemption Principal Payment 58770AAC7 MERCEDES-BENZ AU 4.51%27 ABS-AUTO DUE 11/15/27
4,067.21
Redemption Principal Payment 58768PAC8 MERCEDES-BENZ AU 5.21%27 ABS-AUTO DUE 08/16/27
6,947.02
Redemption Principal Payment 891941AD8 TOYOTA AUTO RECE 4.71%28 ABS-AUTO DUE 02/15/28
11,444.48
Redemption Principal Payment 89239FAD4 TOYOTA AUTO RECE 5.54%28 ABS-AUTO DUE 08/15/28
6,381.16
Other
Activity
Call Redemption 254683CY9 DISCOVER CARD EX 4.31%28 ABS-CC DUE 03/15/28
(225,000.0000)
Other
Activity
Call Redemption 438516CX2 HONEYWELL INTERN 4.65%27
**CALLED**
(160,000.0000)
Other
Activity
Call Redemption 438516CJ3 HONEYWELL INTERN 4.95%28
**CALLED**
(225,000.0000)
Interest Bond Interest 02007WAC2 ALLY AUTO RECEIV
5.46%28ABS-AUTO DUE
05/15/28-231-
514.93
Interest Bond Interest 02582JKP4 AMERICAN EXPRES 4.319%30ABS-CC DUE 04/15/30-252-
859.57
Interest Bond Interest 02582JJZ4 AMERICAN EXPRESS 4.87%28ABS-CC DUE 05/15/28-231-
1,034.87
Interest Bond Interest 02582JKH2 AMERICAN EXPRESS 5.23%29ABS-CC DUE 04/16/29-241-
2,723.96
Interest Bond Interest 05522RDG0 BA CREDIT CARD T 4.79%28ABS-CC DUE 05/15/28-231-
918.08
21 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Transaction Details (continued)
Date Category Action Symbol/CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
03/16 Interest Bond Interest 05522RDH8 BA CREDIT CARD T 4.98%28ABS-CC DUE 11/15/28-232-
954.50
Interest Bank Interest X,Z BANK INT 021626-031526 SCHWAB BANK
5.03 Interest Bank Interest X,Z BANK INT 021626-031526 SCHWAB
PREMIER BANK
1.58 Interest Bond Interest 06051GLS6 BANK OF AMERICA C VAR 29 DUE 09/15/29
14,547.50
Interest Bond Interest 14041NGE5 CAPITAL ONE FUND 3.92%29ABS-CC DUE 09/17/29-241-
2,009.00
Interest Bond Interest 14041NGD7 CAPITAL ONE MULT 4.42%28ABS-CC DUE 05/15/28-231-
1,528.58
Interest Bond Interest 14318UAD3 CARMAX AUTO OWNE
5.34%27ABS-AUTO DUE
08/16/27-224-
104.80
Interest Bond Interest 161571HV9 CHASE ISSUANCE TR 4.6%29ABS-CC DUE 01/16/29-241-
1,993.33
Interest Bond Interest 254683CY9 DISCOVER CARD EX 4.31%28ABS-CC DUE 03/15/28-231-
808.13
Interest Bond Interest 254683CZ6 DISCOVER CARD EX 4.93%28ABS-CC DUE 06/15/28-232-
1,869.29
Interest Bond Interest 31680EAD3 FIFTH THIRD AUTO
5.53%28ABS-AUTO DUE
08/15/28-231-
1,094.20
Interest Bond Interest 344928AD8 FORD CR AUTO OWN
4.65%28ABS-AUTO DUE
02/15/28-23A207.11
Interest Bond Interest 344930AD4 FORD CR AUTO OWN
5.23%28ABS-AUTO DUE
05/15/28-23B406.76
Interest Bond Interest 38014AAD3 GM FINL CONSUMER
4.4%29ABS-AUTO DUE
08/16/29-244-
605.00
22 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Transaction Details (continued)
Date Category Action Symbol/CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
03/16 Interest Bond Interest 362583AD8 GM FINL CONSUMER
4.47%28ABS-AUTO DUE
02/16/28-232-
207.66
Interest Bond Interest 36267KAD9 GM FINL CONSUMER
5.45%28ABS-AUTO DUE
06/16/28-233-
295.75
Interest Bond Interest 379930AD2 GM FINL SECURITI
5.78%28ABS-AUTO DUE
08/16/28-234-
618.30
Interest Bond Interest 41285JAD0 HARLEY-DAVIDSON
5.05%27ABS-SPCL DUE
12/15/27-23A210.07
Interest Bond Interest 41285YAC9 HARLEY-DAVIDSON
5.69%28ABS-SPCL DUE
08/15/28-23B1,174.32
Interest Bond Interest 437921AD1 HONDA AUTO RECEI
4.15%29ABS-AUTO DUE
10/15/29-252-
2,521.12
Interest Bond Interest 438516CX2 HONEYWELL INTERN
4.65%27**CALLED** @101.23
EFF:
950.67
Interest Bond Interest 438516CJ3 HONEYWELL INTERN
4.95%28**CALLED** @102.161
EFF
959.06
Interest Bond Interest 448976AD2 HYUNDAI AUTO REC
4.41%29ABS-AUTO DUE
05/15/29-24C882.00
Interest Bond Interest 448979AD6 HYUNDAI AUTO REC
4.58%27ABS-AUTO DUE
04/15/27-23A58.79
Interest Bond Interest 44933DAD3 HYUNDAI AUTO REC
5.39%27ABS-AUTO DUE
06/15/27-22C61.99
23 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Transaction Details (continued)
Date Category Action Symbol/CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
03/16 Interest Bond Interest 44933XAD9 HYUNDAI AUTO REC
5.48%28ABS-AUTO DUE
04/17/28-23B272.71
Interest Bond Interest 44918CAD4 HYUNDAI AUTO REC
5.54%28ABS-AUTO DUE
10/16/28-23C615.99
Interest Bond Interest 571748BG6 MARSH & MCLENNA 4.375%29 DUE 03/15/29
10,937.50
Interest Bond Interest 58770AAC7 MERCEDES-BENZ AU
4.51%27ABS-AUTO DUE
11/15/27-231-
92.40 Interest Bond Interest 58768PAC8 MERCEDES-BENZ AU
5.21%27ABS-AUTO DUE
08/16/27-221-
129.10
Interest Bond Interest 76720AAS5 RIO TINTO FIN 4.875% 30F DUE 03/14/30
18,281.25
Interest Bond Interest 437076BT8 THE HOME DEPOT, I 2.8%27 DUE 09/14/27
3,500.00
Interest Bond Interest 891941AD8 TOYOTA AUTO RECE
4.71%28ABS-AUTO DUE
02/15/28-23B468.23
Interest Bond Interest 89239FAD4 TOYOTA AUTO RECE
5.54%28ABS-AUTO DUE
08/15/28-23D430.90
Interest Bond Interest 91282CMS7 US TREASU NT 3.875%03/28UST NOTE DUE 03/15/28
19,375.00
Interest Bond Interest 92970QAE5 WF CARD ISSUANCE
4.29%29MBS-CMO DUE
10/15/29-242-
840.13
Interest Bond Interest 92970QAA3 WF CARD ISSUANCE 4.94%29ABS-CC DUE 02/15/29-241-
2,675.83
03/18 Interest Bond Interest 66989HAT5 NOVARTIS CAPITAL 3.8%29 DUE 09/18/29
8,835.00
24 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Transaction Details (continued)
Date Category Action Symbol/CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
03/18 Interest Bond Interest 857477CL5 STATE STREET CO 4.993%27 DUE 03/18/27
5,242.65
03/20 Purchase Bought Prime 91282CQB0 US TREASU NT 3.375%02/28 UST NOTE DUE 02/29/28
1,500,000.0000 99.2072 2,761.36 (1,490,869.35)
Executed by BNP Paribas Securities Bond as Principal; Accrued interest $2,751.36; Schwab Prime Broker Fee $10.00 Purchase Bought Prime 912797SN8 US TREASURY BILL26 U S T BILL DUE 04/30/26
800,000.0000 99.5883 10.00 (796,716.33)
Executed by Goldman, Sachs & Co as Principal; Schwab Prime Broker Fee $10.00 Interest Bond Interest 92348KEF6 VERIZON MASTER TR
4.4%31ABS-SPCL DUE 06/20/31-255-
1,166.00
03/23 Redemption Principal Payment 438123AC5 HAROT 2023-4 A2 5.67%28 ABS-AUTO DUE 06/21/28
5,603.65
Interest Bond Interest 438123AC5 HAROT 2023-4 A2 5.67%28ABS-AUTO DUE 06/21/28-234-
327.38
Expense Advisor Fee
* MGMTFEE TO ADVISOR (1,333.33)
03/24 Interest Bond Interest 95000U2V4 WELLS FARGO & CO VAR 28 DUE 03/24/28
4,407.50
03/25 Redemption Principal Payment 05592XAD2 BMW VEH OWNER TR 5.47%28 ABS-AUTO DUE 02/25/28
4,620.70
Redemption Principal Payment 3136AY6X6 FEDERAL NTNL MO 2.966%27 MBS-CMO DUE 09/25/27
684.28
Redemption Principal Payment 3136AX7E9 FEDERAL NTNL MO 3.073%27 MBS-CMO DUE 06/25/27
250.97
Redemption Principal Payment 3136BQDE6 FEDERAL NTNL MO 4.184%28 MBS-CMO DUE 07/25/28
57.55 Redemption Principal Payment 3137HBCF9 FHLMC 5%28 MBS-CMO DUE 11/25/28
48.39 Redemption Principal Payment 3137BRQJ7 FHLMC 2.57%26 MBS-CMO DUE 07/25/26
549.07
Redemption Principal Payment 3137BVZ82 FHLMC 3.43%27 MBS-CMO DUE 01/25/27
1,857.97
Redemption Principal Payment 3137F64P9 FHLMC 1.336%27 MBS-CMO DUE 09/25/27
536.22
25 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Transaction Details (continued)
Date Category Action Symbol/CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
03/25 Redemption Principal Payment 3137FNWX4 FHLMC 2.282%26 MBS-CMO DUE 07/25/26
11,346.64
Redemption Principal Payment 3137BTUM1 FHLMC 3.347%26 MBS-CMO DUE 11/25/26
1,258.66
Redemption Principal Payment 3137HDJJ0 FHLMC 4.803%29 MBS-CMO DUE 05/25/29
174.86
Redemption Principal Payment 3137HAMN3 FHLMC 5.272%28 MBS-CMO DUE 08/25/28
1,106.13
Redemption Principal Payment 3142JCAB6 FHLMC RR0001 4.5%40 DUE 06/01/40
55,402.10
Redemption Principal Payment 3142JCAC4 FHLMC RR0002 5%40 DUE 06/01/40
71,749.33
Redemption Principal Payment 3142JCAT7 FHLMC RR0017 5%40 DUE 08/01/40
65,454.43
Redemption Principal Payment 3142JCB74 FHLMC RR0061 4.5%41 DUE 02/01/41
11,544.79
Interest Bond Interest 05592XAD2 BMW VEH OWNER TR
5.47%28ABS-AUTO DUE
02/25/28-23A172.59
Interest Bond Interest 3137HC2L5 FEDERAL HOME LN M
5.4%29MBS-CMO DUE
01/25/29-K518-
2,362.50
Interest Bond Interest 3136AY6X6 FEDERAL NTNL MO
2.966%27MBS-CMO DUE
09/25/27-17M15C782.62
Interest Bond Interest 3136AX7E9 FEDERAL NTNL MO
3.073%27MBS-CMO DUE
06/25/27-17M12-
492.93
Interest Bond Interest 3136BQDE6 FEDERAL NTNL MO
4.184%28MBS-CMO DUE
07/25/28-23M6-
1,757.81
Interest Bond Interest 3137HBCF9 FHLMC 5%28MBS-CMO
DUE 11/25/28-K512-
1,017.54
26 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Transaction Details (continued)
Date Category Action Symbol/CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
03/25 Interest Bond Interest 3137H14B9 FHLMC 1.77%28ABS-CDO DUE 05/25/28-K743-
737.50
Interest Bond Interest 3137BRQJ7 FHLMC 2.57%26MBS-CMO
DUE 07/25/26-K057-
521.51
Interest Bond Interest 3137BVZ82 FHLMC 3.43%27MBS-CMO
DUE 01/25/27-K063-
1,987.40
Interest Bond Interest 3137HAMH6 FHLMC 4.65%28MBS-CMO
DUE 08/25/28-K506-
2,518.75
Interest Bond Interest 3137HDV56 FHLMC 4.72%29MBS-CMO
DUE 05/25/29-K524-
2,045.33
Interest Bond Interest 3137HAQ74 FHLMC 4.74%28MBS-CMO
DUE 08/25/28-K508-
2,567.50
Interest Bond Interest 3137HAST4 FHLMC 4.85%28MBS-CMO
DUE 09/25/28-K509-
2,425.00
Interest Bond Interest 3137HB3G7 FHLMC 4.86%28MBS-CMO
DUE 10/25/28-K511-
1,458.00
Interest Bond Interest 3137HCKV3 FHLMC 5.18%29MBS-CMO
DUE 03/25/29-K520-
1,273.42
Interest Bond Interest 3137F64P9 FHLMC 1.336%27MBS-CMO
DUE 09/25/27-K739-
489.78
Interest Bond Interest 3137FNWX4 FHLMC 2.282%26MBS-CMO
DUE 07/25/26FMCC-K736-
662.00
Interest Bond Interest 3137BSP72 FHLMC 2.653%26MBS-CMO
DUE 08/25/26-K058-
994.87
Interest Bond Interest 3137F1G44 FHLMC 3.243%27MBS-CMO
DUE 04/25/27-K065-
1,621.50
Interest Bond Interest 3137BTUM1 FHLMC 3.347%26MBS-CMO
DUE 11/25/26-K061-
635.07
Interest Bond Interest 3137HFNZ4 FHLMC 4.508%29MBS-CMO
DUE 07/25/29-K528-
732.55
Interest Bond Interest 3137HDXL9 FHLMC 4.543%29MBS-CMO
DUE 07/25/29-K526-
1,873.99
27 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Transaction Details (continued)
Date Category Action Symbol/CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
03/25 Interest Bond Interest 3137HBLV4 FHLMC 4.572%28MBS-CMO DUE 12/25/28-K514-
1,257.30
Interest Bond Interest 3137HH6C0 FHLMC 4.791%29MBS-CMO
DUE 09/25/29-K529-
1,237.68
Interest Bond Interest 3137HHJL6 FHLMC 4.792%29MBS-CMO
DUE 09/25/29-K530-
1,976.70
Interest Bond Interest 3137HDJJ0 FHLMC 4.803%29MBS-CMO
DUE 05/25/29-K522-
2,630.93
Interest Bond Interest 3137HACX2 FHLMC 4.819%28MBS-CMO
DUE 06/25/28-K505-
2,811.08
Interest Bond Interest 3137HB3D4 FHLMC 5.069%28MBS-CMO
DUE 10/25/28-K510-
992.68
Interest Bond Interest 3137HAMN3 FHLMC 5.272%28MBS-CMO
DUE 08/25/28-KJ47-
616.82
Interest Bond Interest 3142JCAB6 FHLMC RR0001 4.5%40 DUE 06/01/40
7,996.37
Interest Bond Interest 3142JCAC4 FHLMC RR0002 5%40 DUE
06/01/40
8,373.84
Interest Bond Interest 3142JCAT7 FHLMC RR0017 5%40 DUE
08/01/40
8,668.05
Interest Bond Interest 3142JCB74 FHLMC RR0061 4.5%41 DUE 02/01/41
3,715.46
03/31 Interest Bond Interest 91282CKG5 US TREASU NT 4.125%03/29UST NOTE DUE 03/31/29
42,796.88
Interest Bond Interest 91282CJA0 US TREASU NT 4.625%09/28UST NOTE DUE 09/30/28
9,828.13
Interest Bond Interest 91282CEF4 US TREASUR NT 2.5%03/27UST NOTE DUE 03/31/27
7,500.00
Interest Bond Interest 91282CLN9 US TREASUR NT 3.5%09/29UST NOTE DUE 09/30/29
10,500.00
Total Transactions ($384,894.68)
Date column represents the Settlement/Process date for each transaction. 28 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Bank Sweep Activity
Date Description Amount Date Description Amount
03/01 Beginning Balance
X,Z $884,233.40 03/16 BANK CREDIT FROM BROKERAGE
X 304,950.96
03/02 BANK TRANSFER TO BROKERAGE (774,950.17) 03/17 BANK CREDIT FROM BROKERAGE X 686,270.88
03/03 BANK CREDIT FROM BROKERAGE
X 26,420.95 03/18 BANK CREDIT FROM BROKERAGEX 14,077.65 03/05 BANK CREDIT FROM BROKERAGE
X 1,250,000.00 03/20 BANK TRANSFER TO BROKERAGE (2,287,585.68) 03/09 BANK CREDIT FROM BROKERAGE
X 9,193.75 03/23 BANK CREDIT FROM BROKERAGEX 7,097.03
03/10 BANK CREDIT FROM BROKERAGE
X 9,875.00 03/24 BANK TRANSFER TO BROKERAGE (1,333.33)
03/15 BANK INTEREST - CHARLES SCHWAB BANK
X,Z 5.03 03/25 BANK CREDIT FROM BROKERAGEX 300,456.66
03/15 BANK INTEREST - SCHWAB PREMIER BANK
X,Z 1.58 03/31 Ending Balance
X,Z $428,713.71
03/16 BANK SWEEP XFER FROM SCHWAB PREMIER BANK (1.58) 03/31 Interest Rate * Z 0.01%
03/16 BANK SWEEP XFER TO CHARLES SCHWAB BANK
X 1.58
* Your interest period was 02/16/26 - 03/15/26. Z
Pending / Open Activity
Activity
Type Date Action Symbol/CUSIP Description Quantity
Market Price/
Rate per Share($) Limit Price($)
Settle/
Payable Date Expiration Date Amount($)
Pending 03/31 Bought
Prime
3136GCYD1 FEDERAL NTNL MORT 4.5%29 350,000.0000 100.0000 04/01 (350,053.75) Total Pending Transactions ($350,053.75)
Pending transactions are not included in account value. Pending dividends are projected and based on a security you held on the dividend record date but the dividend has not been received into your account.
Endnotes For Your Account
* You authorize Schwab to debit your account to pay investment management fees per the authorization you granted in your Account Application. Schwab does not review or monitor these fee payments. Contact your Investment Manager if you have questions. b When available, Adjusted Cost Basis values are used in Gain or (Loss) calculations. d Pending dividends and accrued interest reflects the sum of the total pending dividends and/or accrued interest on positions held in your account, but the dividends and/or interest have not y Yield to Maturity cannot be calculated because there are multiple lots for this position. X Bank Sweep deposits are held at one or more FDIC-insured Program Banks. Charles Schwab & Co., Inc. is not an FDIC-insured bank and deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for FDIC insurance coverage to apply. Please review the Cash Features Program Disclosure Statement for a list of the Program Banks at schwab.com/cashfeaturesdisclosure. 29 of 30
Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Endnotes For Your Account (continued)
been received into your account. Schwab makes no representation the amounts shown will be received. These amounts are not covered by SIPC account protection until received and held in the account.
t Data for this holding has been edited or provided by a third party.
Z For the Bank Sweep and Bank Sweep for Benefit Plans features, interest is paid for a period that differs from the Statement Period. Balances include interest paid as indicated on your statement by Schwab or one or more of its Program Banks. These balances do not include interest that may have accrued during the Statement Period after interest is paid. The interest paid may include interest that accrued in the prior Statement Period.
Terms and Conditions
GENERAL INFORMATION AND KEY TERMS: This Account statement is furnished solely by Charles Schwab & Co., Inc. ("Schwab") for your Account at Schwab ("Account"). Unless otherwise defined herein, capitalized terms have the same meanings as in your Account Agreement. If you receive any other communication from any source other than Schwab which purports to represent your holdings at Schwab (including balances held at a Depository Institution) you should verify its content with this statement. Accrued Income: Accrued Income is the sum of the total accrued interest and/or accrued dividends on positions held in your Account, but the interest and/or dividends have not been received into your Account. Schwab makes no representation that the amounts shown (or any other amount) will be received. Accrued amounts are not covered by SIPC account protection until actually received and held in the Account. AIP (Automatic Investment Plan) Customers: Schwab receives remuneration in connection with certain transactions effected through Schwab. If you participate in a systematic investment program through Schwab, the additional information normally detailed on a trade confirmation will be provided upon request. Average Daily Balance: Average daily composite of all cash balances that earn interest and all loans from Schwab that are charged interest. Bank Sweep and Bank Sweep for Benefit Plans Features: Schwab acts as your agent and custodian in establishing and maintaining your Deposit Account(s) as a feature of your brokerage Account(s). Deposit accounts held through these bank sweep features constitute direct obligations of one or more FDIC insured banks ("Program Banks") that are not obligations of Schwab. Funds swept to Program Banks are eligible for deposit insurance from the FDIC up to the applicable limits for each bank for funds held in the same insurable capacity. The balance in the Deposit Accounts can be withdrawn on your order and the proceeds returned to your brokerage Account or remitted to you as provided in your Account Agreement. For information on FDIC insurance and its limits, as well as other important disclosures about the bank sweep feature(s) in your Account(s), please refer to the Cash Features Disclosure Statement available online or from a Schwab representative. Cash: Any Free Credit Balance owed by us to you payable upon demand which, although accounted for on our books of record, is not segregated and may be used in the conduct of this firm's business. Dividend Reinvestment Customers: Dividend reinvestment transactions were effected by Schwab acting as a principal for its own account, except for the reinvestment of Schwab dividends, for which an independent broker-dealer acted as the buying agent. Further information on these transactions will be furnished upon written request. Gain (or Loss): Unrealized Gain or (Loss) and Realized Gain or (Loss) sections ("Gain/Loss Section(s)") contain a gain or a loss summary of your Account. This information has been provided on this statement at the request of your Advisor, if applicable. This information is not a solicitation or a recommendation to buy or sell. Schwab does not provide tax advice and encourages you to consult with your tax professional. Please view the Cost Basis Disclosure Statement for additional information on how gain (or loss) is calculated and how Schwab reports adjusted cost basis information to the IRS.
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Statement Period
March 1-31, 2026
CITY OF SANTA FE SPRINGS
MGR: BLACKROCK INVESTMENT MGMT
Schwab One® Account of
Account Number
****-*745
Terms and Conditions (continued)
compensation as the Investment Advisor, Shareholder Service Agent and Distributor for the Schwab Sweep Money Funds. The amount of such compensation is disclosed in the prospectus. The yield information for Schwab Sweep Money Funds is the current 7-day yield as of the statement period. Yields vary. If on any given day, the accrued daily dividend for your selected sweep money fund as calculated for your account is less than ½ of 1 cent ($0.005), your account will not earn a dividend for that day. In addition, if you do not accrue at least 1 daily dividend of $0.01 during a pay period, you will not receive a money market dividend for that period. Schwab and the Schwab Sweep Money Funds investment advisor may be voluntarily reducing a portion of a Schwab Sweep Money Fund's expenses. Without these reductions, yields would have been lower. Securities Products and Services: Securities products and services are offered by Charles Schwab & Co., Inc., Member SIPC. Securities products and services, including unswept intraday funds and net credit balances held in brokerage accounts are not deposits or other obligations of, or guaranteed by, any bank, are not FDIC insured, and are subject to investment risk and may lose value. SIPC does not cover balances held at Program Banks in the Bank Sweep and Bank Sweep for Benefit Plans features. Please see your Cash Feature Disclosure Statement for more information on insurance coverage. Yield to Maturity: This is the actual average annual return on a note if held to maturity.
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Wealth Management
Account Review
Presented to:
Santa Fe Springs
May 28, 2026
Client Return Summary: Net of Fees
Account Details
Account Name Account
Number
Mgmt. Style 1/1/2026
Value
3/31/2026
Value
Net
Investment
Period
Return
%
3 Months
%
YTD % 1 Year
%
3 Year % Inception %
2/4/2025
Santa Fe Springs - - 90,174,829.67 90,509,720.87 0.00 0.37 0.31 0.37 4.80 - 5.89 ICE BofA 1-3 Year US Government and
Corporate - - - - - 0.30 0.26 0.30 3.88 - 4.42
ICE BofA 1-5 Year US Government and
Corporate - - - - - 0.17 0.09 0.17 4.08 - 4.88
City of Santa Fe Springs - BR 47275745 Gov SMA 89,138,995.24 89,479,239.33 25,340.26 0.36 0.30 0.36 4.81 - 5.90 City of Santa Fe Springs - MM & CD 98535216 Gov Cash - CD/ MM 1,035,834.43 1,030,481.54 -25,340.26 0.75 0.78 0.75 4.32 - 4.79 Santa Fe Springs Date Range
1/1/2026 - 3/31/2026
Benchmark(s)
ICE BofA 1-3 Year US
Government and Corporate
ICE BofA 1-5 Year US
Government and Corporate
Methodology Report Currency
TWR US Dollar
Cumulative Client Return (Time Weighted)
01/01/26 01/31/26 03/02/26 03/31/26
-1.00%
0.00%
1.00%
2.00%
Santa Fe Springs
ICE BofA 1-3 Year US Government and Corporate
ICE BofA 1-5 Year US Government and Corporate
Asset Allocation
Asset Allocation Account %
Bond 99.84
Money Market 0.16
100.00
Client Return Summary: Net of Fees
Account Value Change
Account Name Account Number Mgmt. Style 1/1/2026 Value Additions Withdrawals Period investment Gain/Loss
3/31/2026 Value
City of Santa Fe Springs - BR 47275745 Gov SMA 89,138,995.24 $25,340.26 $0.00 $314,903.83 89,479,239.33 City of Santa Fe Springs - MM & CD 98535216 Gov Cash - CD/MM 1,035,834.43 $0.00 -$25,340.26 $19,987.37 1,030,481.54 Total - - 90,174,829.67 $25,340.26 -$25,340.26 $334,891.20 $90,509,720.87 Asset Allocation
Account Name Account Number Mgmt. Style Bond % Equity % Money Market % Market Value Percent Asset %
City of Santa Fe Springs - BR 47275745 Gov SMA 99.83 % 0.00 % 0.17 % $89,479,239.33 98.86 City of Santa Fe Springs - MM & CD 98535216 Gov Cash - CD/MM 100.00 % - 0.00 % $1,030,481.54 1.14 Total - - 90,509,720.87 100.00
Santa Fe Springs Date Range
1/1/2026 - 3/31/2026
Benchmark(s)
ICE BofA 1-3 Year US
Government and Corporate
ICE BofA 1-5 Year US
Government and Corporate
Methodology Report Currency
TWR US Dollar
City of Santa Fe Springs - BR 47275745 Gov SMA
Performance Details Date Range Methodology Report Currency 1/1/2026 to 3/31/2026 TWR US Dollar
% Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)
0.17 Cash 149,284.97 0.00 0.00 0.00 0.06 - -
-
ICE BofA 1-3 Year US Government and
Corporate - -0.43 0.26 0.30 3.88 - -
-
ICE BofA 1-5 Year US Government and
Corporate - -0.78 0.09 0.17 4.08 - -
0.17 Schwab Bank Sweep SchwabCash 149,284.97 0.00 0.00 0.00 0.06 - -
4.33 Agency Bond 3,874,713.09 -0.41 0.34 0.38 4.66 - -
-
ICE BofA 1-3 Year US Government and
Corporate - -0.43 0.26 0.30 3.88 - -
-
ICE BofA 1-5 Year US Government and
Corporate - -0.78 0.09 0.17 4.08 - -
0.79 FHLMC 4.819% 6/25/2028 3137HACX2 705,776.05 -0.83 -0.01 0.07 4.25 - -
0.37 FHLMC Ser K-514 Cl A2 4.572% 12/25/
2028 3137HBLV4 333,298.19 -0.48 0.45 0.57 4.91 - -
2.78 Fhlmc 4.03%28 Due 11/20/2028 3134HB6S5 2,485,460.00 -0.27 0.44 0.46 - - -
0.39 FNMA 4.50% 3/30/2029 3136GCYD1 350,178.85 - - 0.04 - - -
29.83 Corporate Bond 26,694,216.88 -0.53 0.24 0.28 4.59 - - -
ICE BofA 1-3 Year US Government and
Corporate - -0.43 0.26 0.30 3.88 - -
-
ICE BofA 1-5 Year US Government and
Corporate - -0.78 0.09 0.17 4.08 - -
0.19 Morgan Stanley Medium Term Note
3.125% 7/27/2026 61761J3R8 174,345.15 0.29 0.91 0.91 4.59 - -
0.28 Apple Inc Note Call Make Whole 3.20%
5/11/2027 037833CR9 248,110.00 -0.09 0.64 0.56 4.38 - -
0.28 BAA-Jp Morgan Chase Bk NA 3.54% 5/1/
2028 46647PAF3 247,482.50 -0.18 0.38 0.37 4.60 - -
0.19 Citigroup 1/10/2028 172967LD1 174,090.18 -0.04 0.62 0.66 4.68 - -
0.27 Home Depot Inc Note Call Make Whole
2.80% 9/14/2027 437076BT8 245,594.50 -0.32 0.43 0.51 4.62 - -
0.81 Bank New York Mel 3.30% 8/23/2029 06406YAA0 722,105.25 -1.13 -0.05 0.09 - - -
0.31 General Dynamics Corporation 3.75% 5/
15/2028 369550BC1 272,966.10 -0.60 -0.01 0.06 4.86 - -
% Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)
29.83 Corporate Bond 26,694,216.88 -0.53 0.24 0.28 4.59 - -
0.55 Union Pac 3.95% 9/10/2028 907818EY0 496,546.50 -0.67 0.11 0.21 4.58 - -
0.56 Marsh & Mclennan Cos Inc 4.375% 3/15/
2029 571748BG6 499,905.00 -0.56 0.02 0.11 - - -
0.28 Morgan Stanley 4.431% 1/23/2030 6174468G7 248,819.75 -0.93 0.39 0.35 5.53 - -
0.54 Mastercard Inc 2.95% 6/1/2029 57636QAM6 481,661.00 -0.82 0.13 0.32 - - -
0.55 Bank Amer Corp Sr Glbl Nt 3.419% 12/
20/2028 06051GHD4 490,709.00 -0.56 0.13 0.26 4.92 - -
0.53 Enterprise Prods Oper LLC 2.80% 1/31/
2030 29379VBX0 469,967.50 -1.50 -0.23 -0.34 - - -
0.28 American Honda Fin Corp Med 2.35% 1/
8/2027 02665WDJ7 246,192.50 -0.10 0.55 0.54 4.64 - -
0.45 JP Morgan Chase & Company 0.000 4/
22/2027 46647PCB0 399,537.60 0.64 1.19 1.19 4.61 - -
0.55 Bank Of America Corp Note Call Make
Whole 1.73% 7/22/2027 06051GJS9 495,656.50 0.17 0.82 0.89 4.67 - -
0.22 Target Corp 1.95% 1/15/2027 87612EBM7 196,785.20 0.19 0.67 0.72 4.37 - -
0.14 Deere John Capital Corp Mtn 2.35% 3/8/
2027 24422EWD7 123,034.75 0.00 0.59 0.69 4.46 - -
0.28 Wells Fargo & Co Medium Term 3.526%
3/24/2028 95000U2V4 247,748.25 0.04 0.74 0.60 4.73 - -
0.56 Morgan Stanley Ser I Mtn 4.21% 4/20/
2028 61747YER2 498,710.50 0.01 0.55 0.66 4.79 - -
0.02 Carmax Auto Owner 5.34% 8/16/2027 14318UAD3 16,250.93 0.23 0.66 0.68 3.87 - -
0.13 Texas Instrs Inc 4.60% 2/15/2028 882508BV5 115,803.16 -0.49 0.27 0.31 4.22 - -
0.02 Mbart Remic 4.51% 11/15/2027 58770AAC7 20,533.49 0.34 0.94 0.96 4.53 - -
0.05 Harley-Davidson Tr Ser 2023-A Cl A-3
5.05% 12/15/2027 41285JAD0 40,617.06 0.36 1.00 1.02 3.06 - -
0.36 Bank NY Mellon Corp Mtn 4.95% 4/26/
2027 06406RBQ9 325,020.80 0.33 0.86 0.92 4.46 - -
0.57 U S Bancorp Medium Term Nts 0.00% 6/
12/2029 91159HJM3 512,886.50 -0.73 0.01 0.17 5.33 - -
1.43 Pnc Finl Svcs Gro Var 29 Due 6/12/2029 693475BR5 1,278,260.00 -0.63 -0.02 -0.09 4.85 - -
0.17 American Honda F 5.25% Due 7/7/2026 02665WEK3 155,267.53 0.16 0.87 0.87 4.56 - -
0.57 American Express Co Nt Fixed/Fltg
5.282% 7/27/2029 025816DH9 508,507.50 -0.75 0.06 0.10 4.92 - -
0.22 State Str 5.272% 8/3/2026 857477CD3 195,734.57 0.48 0.93 0.93 4.51 - -
0.28 Wells Fargo Bank Natl Assn Note 5.45% 94988J6D4 250,626.00 0.25 0.84 0.85 4.33 - - % Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)
29.83 Corporate Bond 26,694,216.88 -0.53 0.24 0.28 4.59 - - 8/7/2026
0.24 Fifth Third Auto Tr Ser 5.53% 8/15/2028 31680EAD3 217,706.42 0.44 1.04 1.05 4.97 - -
0.50 Bank Of America 5.526% Due 8/18/2026 06428CAA2 451,692.45 0.27 0.99 0.98 4.25 - -
0.34 Deere John Cap Corp Medium Term
5.15% 9/8/2026 24422EXD6 301,019.70 0.08 0.74 0.80 4.12 - -
0.58 Bank Of America Corp Sr Unsecured
0.00% 9/15/2029 06051GLS6 515,350.50 -0.48 0.17 0.34 - - -
0.13 Gm Financial Cons Auto Rec Tr Cmo
2023-4 Cl A3 MO 5.78% 8/16/2028 379930AD2 118,709.73 0.22 0.91 0.93 4.44 - -
0.14 Hyundai Auto Recs Tr Cmo 2023-C Cl
5.54% 10/16/2028 44918CAD4 123,785.18 0.41 0.77 0.79 4.28 - -
0.10 Toyota Auto Rec Tr 5.54% 8/15/2028 89239FAD4 87,690.49 0.24 0.93 0.95 4.84 - -
0.58 Altria Group Inc 6.20% 11/1/2028 02209SBQ5 520,539.50 -0.66 0.20 0.25 - - -
0.87 Schwab Charles Corp Note Call Make
Whole 6.20% 11/17/2029 808513CJ2 782,923.50 -0.64 0.25 0.21 - - -
0.28 Citibank 5.488% 12/4/2026 17325FBC1 251,560.25 0.00 0.61 0.61 4.33 - -
0.45 Wells Fargo Bank 5.254% 12/11/2026 94988J6F9 403,003.60 0.23 0.81 0.80 4.61 - -
0.45 JP Morgan Chase Bk 5.11% 12/8/2026 48125LRU8 402,500.40 0.21 0.76 0.76 4.43 - -
0.57 JP Morgan Chase & Co Sr Nt Fixed/fltg
0.00% 1/23/2030 46647PEB8 505,697.50 -0.88 -0.18 -0.09 5.13 - -
0.57 United States Bancorp Medium U S
Bancorp Medium Term Nts- R 5.384% 1/
23/2030
91159HJQ4 510,630.50 -0.99 -0.06 0.11 5.25 - -
0.35 Texas Instruments Inc Sr Nt 4.60% 2/8/
2027 882508CE2 311,334.86 0.16 0.72 0.73 4.23 - -
0.30 Eli Lilly & Co Note Call Make Whole
4.50% 2/9/2027 532457CJ5 271,127.79 0.16 0.77 0.79 4.36 - -
0.20 Astrazeneca Fin L 4.80% 2/26/2027 04636NAK9 176,031.10 0.08 0.59 0.68 4.36 - -
0.34 CISCO SYS INC 4.80% 2/26/2027 17275RBQ4 306,864.16 0.12 0.71 0.71 4.26 - -
0.73 Wf Card Issuance Ser Cl A 4.94% 2/15/
2029 92970QAA3 655,049.66 0.06 0.66 0.68 4.73 - -
0.24 STATE 4.993% 3/18/2027 857477CL5 211,307.88 -0.17 0.44 0.44 4.35 - -
0.25 Harley Davidson Mtr Tr Cmo 2023-B Cl
5.69% 8/15/2028 41285YAC9 227,008.30 0.33 1.09 1.10 4.13 - -
0.57 Morgan Stanley Var 28 Due 4/13/2028 61747YFP5 505,611.50 0.02 0.59 0.55 4.75 - -
0.43 Bp Cap Mkts Amer Inc Note Call Make
Whole 5.017% 11/17/2027 10373QBY5 384,514.78 -0.32 0.40 0.39 4.65 - - % Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)
29.83 Corporate Bond 26,694,216.88 -0.53 0.24 0.28 4.59 - -
0.85 Goldman Sachs Group Inc Note 5.049%
7/23/2030 38141GB29 757,555.50 -1.07 - -0.54 - - -
0.08 American Express Company 0.000 7/26/
2028 025816DV8 70,604.87 -0.05 0.47 0.52 4.65 - -
0.85 Unitedhealth Group Inc Note 4.80% 1/15/
2030 91324PFG2 757,238.25 -1.47 -0.28 -0.29 4.79 - -
0.01 Hyundai Auto Rec Tr Ser 2022-c Cl A-3
5.39% 6/15/2027 44933DAD3 6,527.28 0.37 1.01 1.03 4.65 - -
0.18 Mastercard Inc 4.1 4.10% 1/15/2028 57636QBA1 160,046.56 -0.40 0.39 0.29 4.43 - -
0.15 Toyota Motor Cre 4.35%27 Due 10/8/
2027 89236TMS1 130,265.59 -0.35 0.29 0.32 4.68 - -
0.27 Hyundai Auto Rec Tr Ser 2024-c Cl A-3
4.42% 5/15/2029 448976AD2 240,790.92 0.14 0.62 0.64 4.65 - -
0.34 State Str Corp Sr Nt 4.33% 10/22/2027 857477CP6 301,147.80 -0.17 0.56 0.47 4.68 - -
0.84 Conocophillips Co 4.7 4.70% 1/15/2030 20826FBJ4 755,121.00 -1.21 -0.07 0.04 4.90 - -
0.51 Novartis Capital Corp Note 3.80% 9/18/
2029 66989HAT5 458,955.00 -1.00 -0.03 0.19 4.80 - -
0.28 Ubs Ag, Stamfo4.864% 28f Due 1/10/
2028 90261AAD4 250,803.50 -0.08 0.69 0.68 4.72 - -
0.85 Rio Tino Fin 4.875% 3/14/2030 76720AAS5 761,048.25 -1.15 -0.21 -0.03 - - -
1.39 Philip Morris I 4.375%30 Due 4/30/2030 718172DT3 1,241,575.00 -1.33 -0.29 -0.19 - - -
0.41 Citibank Credit C 4.30% 6/21/2030 17305EHA6 366,258.34 -0.86 -0.83 -0.74 - - -
0.90 Unitedhealth Group Inc Note 4.65% 1/15/
2031 91324PFP2 801,352.00 -1.37 - -1.65 - - -
1.11 Board Trustees 4.146%30 Due 8/1/2030 09659DAC0 993,792.00 -1.56 -0.12 -0.17 - - -
1.41 Municipal Bond 1,263,158.35 -0.67 0.46 0.56 4.91 - - -
ICE BofA 1-3 Year US Government and
Corporate - -0.43 0.26 0.30 3.88 - -
-
ICE BofA 1-5 Year US Government and
Corporate - -0.78 0.09 0.17 4.08 - -
1.11 University CA Revs 3.909% 5/15/2029 91412GXU4 995,670.00 -0.88 0.41 0.53 5.14 - -
0.30 California St 4.846% 3/1/2027 13063D3N6 267,488.35 0.15 0.68 0.69 4.40 - -
26.38 Principal Paydown 23,602,855.23 -0.33 0.50 0.58 6.73 - - -
ICE BofA 1-3 Year US Government and
Corporate - -0.43 0.26 0.30 3.88 - -
-
ICE BofA 1-5 Year US Government and
Corporate - -0.78 0.09 0.17 4.08 - -
% Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)
26.38 Principal Paydown 23,602,855.23 -0.33 0.50 0.58 6.73 - -
0.66 FHLMC Multifamily Structured P Ser
K065 Cl A2 *24 Day Delay 3.243% 4/25/
2027
3137F1G44 593,750.10 0.12 0.53 0.55 4.34 - -
0.27 FHLMC 2.57% 7/25/2026 3137BRQJ7 241,788.24 0.33 1.17 1.18 4.46 - -
0.50 FHLMC 2.653% 9/25/2049 3137BSP72 447,259.73 0.31 1.13 1.14 4.45 - -
0.35 FNMA Remic Trust 2017-M15 A2 2.959%
9/25/2027 3136AY6X6 311,984.08 0.07 0.90 0.93 4.95 - -
0.77 FHLMC 3.43% 1/25/2027 3137BVZ82 688,062.41 -0.03 0.80 0.82 4.27 - -
0.25 FHLMC 3.347% 11/25/2026 3137BTUM1 225,275.74 0.27 1.08 1.09 4.52 - -
0.05 Ford CR Auto Owner 4.65% 2/15/2028 344928AD8 46,908.29 0.35 0.97 0.99 4.53 - -
0.01 Hyundai Auto Rec 4.58% 4/15/2027 448979AD6 5,038.86 0.37 0.99 1.01 4.57 - -
0.05 Gm Finl Consumer 4.47% 2/16/2028 362583AD8 48,929.40 0.33 0.95 0.97 4.55 - -
0.46 Capital One Funding 4.42% 5/15/2028 14041NGD7 415,161.23 0.32 0.95 0.97 4.49 - -
0.12 Toyota Auto Rece 4.71% 2/15/2028 891941AD8 108,088.07 0.24 0.90 0.91 4.79 - -
0.26 Bank Of America 4.79% 5/15/2028 05522RDG0 230,195.29 0.34 0.92 0.94 4.47 - -
0.09 Ford Cr Auto Owner 5.23% 5/15/2028 344930AD4 84,475.30 0.38 0.97 0.99 4.48 - -
0.51 Discover Bank A 4.93% 6/15/2028 254683CZ6 455,947.45 0.34 0.93 0.95 4.48 - -
0.06 Hyundai Auto Rec 5.48% 4/17/2028 44933XAD9 53,458.34 0.24 0.80 0.82 4.14 - -
0.07 Gm Finl Consumer 5.45% 12/18/2028 36267KAD9 58,995.78 0.27 0.94 0.95 4.52 - -
0.07 Honda Auto Receivables 2023-4 Cl A3
5.67% 6/21/2028 438123AC5 64,249.02 0.29 0.90 0.92 4.88 - -
0.29 American Express 4.87% 5/15/2028 02582JJZ4 255,244.62 0.33 0.94 0.96 4.49 - -
0.26 Bank of America, 4.98% Abs-cc 11/15/
2028 -232- 05522RDH8 231,521.27 0.20 0.69 0.77 4.03 - -
0.12 Ally Auto Receiv 5.46% 5/15/2028 02007WAC2 103,061.28 0.29 0.99 1.01 4.23 - -
0.60 Federal Home Ln Mtg 0.00% Mbs-cmo 1/
25/2029 -k518- 3137HC2L5 541,089.89 -0.64 0.34 0.47 4.86 - -
0.58 Chase Issuance Trust Series 2024-A1
Class A 4.60% Due 1/16/2029 Dated 1/
31/2024
161571HV9 522,317.07 0.08 0.68 0.69 4.52 - -
0.59 Federal Home Ln 4.72%29 Mbs-cmo Due
5/25/2029 -- 3137HDV56 527,732.45 -0.86 0.24 0.39 4.90 - -
0.69 Capital One 3.92% 9/17/2029 14041NGE5 614,181.44 -0.11 0.49 0.53 4.62 - -
0.37 FHLMC Mltcl Mt 2.282% 7/25/2026 FHL2226C 335,157.84 0.34 0.95 0.96 4.44 - -
0.34 Fhlmc 5.18%29 Mbs-cmo Due 3/25/2029 3137HCKV3 302,526.87 -0.80 0.23 0.37 4.82 - - % Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)
26.38 Principal Paydown 23,602,855.23 -0.33 0.50 0.58 6.73 - - -k520-
0.71 American Exp Cr 5.23% 4/16/2029 02582JKH2 632,643.56 -0.03 0.64 0.67 4.56 - -
0.04 Bmw Veh Owner Tr 5.47% 2/25/2028 05592XAD2 33,409.41 0.38 1.03 1.06 4.71 - -
0.47 FHLMC 1.336% 9/25/2027 3137F64P9 424,888.70 0.06 0.51 0.54 4.47 - -
0.53 FHLMC 1.77% 5/25/2028 3137H14B9 476,535.55 -0.51 0.34 0.42 4.62 - -
0.73 Fhlmc 4.65%28 Mbs-cmo Due 8/25/2028
-k506- 3137HAMH6 653,890.45 -0.39 1.23 1.32 8.41 - -
0.16 Fhlmc 5.272%28 Mbs-cmo Due 8/25/
2028 -kj47- 3137HAMN3 140,465.50 0.13 0.76 0.79 5.96 - -
0.74 Fhlmc 4.74%28 Mbs-cmo Due 8/25/2028
-k508- 3137HAQ74 658,196.63 -0.40 0.54 0.64 4.82 - -
0.68 Fhlmc 4.85%28 Mbs-cmo Due 9/25/2028
-k509- 3137HAST4 609,523.98 -0.43 0.51 0.62 4.90 - -
0.27 Fhlmc 5.069%28 Mbs-cmo Due 10/25/
2028 -k510- 3137HB3D4 238,875.46 -0.85 0.25 0.36 4.48 - -
0.41 Fhlmc 4.86%28 Mbs-cmo Due 10/25/
2028 -k511- 3137HB3G7 365,405.18 -0.59 0.19 0.30 4.76 - -
0.28 FHLMC 5.00% 28 Mbs-cmo Due 11/25/
2028 -k512- 3137HBCF9 248,516.79 -0.67 0.39 0.51 4.91 - -
0.75 Fhlmc 4.803%29 Mbs-cmo Due 5/25/
2029 -k522- 3137HDJJ0 666,736.31 -0.98 0.06 0.20 4.69 - -
0.56 Fhlmc 4.543%29 Mbs-cmo Due 7/25/
2029 -k526- 3137HDXL9 500,205.42 -0.96 0.24 0.41 4.96 - -
0.22 Fhlmc 4.508%29 Mbs-cmo Due 7/25/
2029 -k528- 3137HFNZ4 196,851.08 -0.96 0.24 0.41 4.95 - -
0.35 Fhlmc 4.791%29 Mbs-cmo Due 9/25/
2029 -k529- 3137HH6C0 316,036.29 -0.88 0.36 0.53 5.07 - -
0.56 Fhlmc 4.792%29 Mbs-cmo Due 9/25/
2029 -k530- 3137HHJL6 504,066.57 -1.01 0.23 0.41 1.43 - -
0.18 Gm Financial Consumer 4.40% 8/16/
2029 38014AAD3 165,340.18 0.07 0.57 0.59 4.64 - -
0.03 Mercedes Benz Auto Receivables 5.21%
8/16/2027 58768PAC8 22,814.86 0.39 1.03 1.05 4.67 - -
0.26 Wf Card Issuance 4.29% 10/15/2029 92970QAE5 236,066.12 -0.11 0.54 0.59 4.95 - -
0.21 Federal Ntnl Mo 3.061%27 Mbs-cmo Due
6/25/2027 -17m12- 3136AX7E9 190,142.68 0.26 0.90 0.92 4.74 - -
0.56 Federal National 4.19% 7/25/2028 3136BQDE6 503,724.21 -0.31 0.51 0.60 4.90 - -
0.82 Honda Auto Receiv 4.15% 10/15/2029 437921AD1 729,361.44 -0.15 0.60 0.64 - - - % Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)
26.38 Principal Paydown 23,602,855.23 -0.33 0.50 0.58 6.73 - -
0.27 American Express 4.28%30 Mbs-mbs
Due 4/15/2030 -- 02582JKP4 241,416.74 -0.79 0.02 0.09 - - -
2.18 FHLMC Rr0002 5.00% 40 Due 6/1/2040 3142JCAC4 1,951,422.00 -0.40 0.45 0.54 - - -
0.36 Verizon Master Tr 4.40% 6/20/2031 92348KEF6 318,753.21 -1.12 -0.13 -0.02 - - -
2.31 FHLMC 4.50% 6/1/2040 3142JCAB6 2,064,439.75 -0.65 0.29 0.43 - - -
2.27 Fhlmc 5.00% 8/1/2040 3142JCAT7 2,028,807.50 -0.42 0.39 0.46 - - -
1.09 FHLM 4.50% 2/1/2041 3142JCB74 971,919.60 -0.79 - 0.09 - - -
37.88 Treasury Bond 33,895,010.81 -0.52 0.24 0.31 4.12 - - -
ICE BofA 1-3 Year US Government and
Corporate - -0.43 0.26 0.30 3.88 - -
-
ICE BofA 1-5 Year US Government and
Corporate - -0.78 0.09 0.17 4.08 - -
5.06 US Treasury Note 2.25% 2/15/2027 912828V98 4,525,896.14 0.13 0.65 0.67 4.12 - -
0.66 US Treasury Note W-2027 2.50% 3/31/
2027 91282CEF4 592,757.76 0.08 0.64 0.66 4.10 - -
0.36 US Treasury Note 2.75% 4/30/2027 91282CEN7 321,508.79 0.01 0.58 0.59 4.08 - -
0.80 US Treasury Note 2.625% 5/31/2027 91282CET4 715,229.47 -0.06 0.49 0.51 4.05 - -
0.83 US Treasury Note 3.25% 6/30/2027 91282CEW7 744,726.53 -0.14 0.42 0.45 3.98 - -
0.88 US Treasury Note 3.25% 6/30/2029 91282CEV9 785,437.44 -1.00 0.00 0.11 4.21 - -
0.70 US Treasury Note 3.875% 11/30/2027 91282CFZ9 625,390.63 -0.36 0.27 0.30 4.01 - -
3.58 US Treasury Note 3.875% 12/31/2027 91282CGC9 3,202,124.80 -0.41 0.24 0.28 3.99 - -
2.22 US Treasury Note 3.50% 1/31/2028 91282CGH8 1,988,750.00 -0.45 0.25 0.28 4.07 - -
1.91 US Treasury Note 4.00% 2/29/2028 91282CGP0 1,705,644.51 -0.47 0.22 0.26 4.03 - -
1.12 US Treasury Note 4.00% 2/28/2030 91282CGQ8 1,003,867.10 -1.22 -0.10 0.04 4.13 - -
1.11 US Treasury Note 3.625% 5/31/2028 91282CHE4 996,093.70 -0.56 0.18 0.24 4.12 - -
0.48 US Treasury Note 4.625% 9/30/2028 91282CJA0 433,118.14 -0.68 0.14 0.21 4.14 - -
0.28 US Treasury Note 4.375% 11/30/2028 91282CJN2 253,457.03 -0.75 0.10 0.18 4.15 - -
1.78 US Treasury Note 3.75% 12/31/2028 91282CJR3 1,596,874.88 -0.82 0.08 0.17 4.17 - -
0.73 US Treasury Note 4.25% 2/28/2029 91282CKD2 657,490.21 -0.86 0.04 0.15 4.16 - -
2.34 US Treasury Note 4.125% 3/31/2029 91282CKG5 2,092,426.68 -0.87 0.08 0.17 4.23 - -
1.37 US Treasury Note 4.50% 5/31/2029 91282CKT7 1,223,343.72 -0.93 0.05 0.15 4.20 - -
1.30 US Treasury Note 4.25% 6/30/2029 91282CKX8 1,164,240.22 -0.95 0.06 0.14 4.23 - - % Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)
37.88 Treasury Bond 33,895,010.81 -0.52 0.24 0.31 4.12 - -
0.79 US Treasury Note 4.375% 7/15/2027 91282CKZ3 704,785.13 -0.15 0.42 0.44 4.02 - -
1.67 US Treasury Note 3.75% 8/15/2027 91282CLG4 1,498,242.15 -0.21 0.36 0.38 4.00 - -
0.66 US Treasury Note 3.50% 9/30/2029 91282CLN9 592,851.54 -1.08 0.00 0.11 4.22 - -
0.56 US Treasury Note 4.125% 10/31/2029 91282CLR0 504,082.00 -1.11 -0.03 0.10 4.18 - -
2.03 US Treasury Note 4.125% 11/30/2029 91282CMA6 1,814,976.54 -1.12 -0.04 0.10 4.16 - -
0.97 US Treasury Note 4.375% 12/31/2029 91282CMD0 864,542.91 -1.14 -0.04 0.10 4.21 - -
1.12 US Treasury Note 3.875% 3/15/2028 91282CMS7 1,001,210.90 -0.48 0.22 0.27 4.03 - -
0.89 US Treasury Bill 0.00% 4/30/2026 912797SN8 797,660.64 - - 0.12 - - -
1.66 US Treasury Note 3.375% 2/29/2028 91282CQB0 1,488,281.25 - - 0.12 - - - Total 89,479,239.33 0.59 0.30 0.36 4.81 - -
City of Santa Fe Springs - MM & CD 98535216 Gov Cash - CD/MM Performance Details Date Range Methodology Report Currency 1/1/2026 to 3/31/2026 TWR US Dollar
% Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)
0.00 Cash 0.04 0.00 0.00 0.00 - - -
-
ICE BofA 1-3 Year US Government and
Corporate - -0.43 0.26 0.30 - - -
-
ICE BofA 1-5 Year US Government and
Corporate - -0.78 0.09 0.17 - - -
0.00 Schwab Bank Sweep SchwabCash 0.04 0.00 0.00 0.00 - - - 100.00 CD 1,030,481.50 0.15 0.78 0.75 4.34 - -
-
ICE BofA 1-3 Year US Government and
Corporate - -0.43 0.26 0.30 3.88 - -
-
ICE BofA 1-5 Year US Government and
Corporate - -0.78 0.09 0.17 4.08 - -
51.16 Credit Agricole 4.76% 2/1/2027 22536DWD6 527,236.50 -0.01 0.76 0.72 4.66 - -
48.84 Natixis New Yor 5.61% 9/18/2026 63873QP65 503,245.00 0.31 0.79 0.77 4.19 - - Total 1,030,481.54 0.28 0.78 0.75 4.32 - -
2 Accounts
Client Position Summary by Account Date Range Report Currency 1/1/2026 to 3/31/2026 US Dollar
Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 90,509,720.87 100.00
Wf Card Issuance Ser Cl A 4.94% 2/15/2029 Bond 1.00 1.01 650,000.00 655,049.66 0.72 Wf Card Issuance 4.29% 10/15/2029 Bond 1.00 1.00 235,000.00 236,066.12 0.26 Wells Fargo Bank Natl Assn Note 5.45% 8/7/2026 Bond 1.00 1.00 250,000.00 250,626.00 0.28 Wells Fargo Bank 5.254% 12/11/2026 Bond 1.00 1.01 400,000.00 403,003.60 0.45 Wells Fargo & Co Medium Term 3.526% 3/24/2028 Bond 0.94 0.99 250,000.00 247,748.25 0.27 Verizon Master Tr 4.40% 6/20/2031 Bond 1.00 1.00 318,000.00 318,753.21 0.35 US Treasury Note W-2027 2.50% 3/31/2027 Bond 0.99 0.99 600,000.00 592,757.76 0.65 US Treasury Note 4.625% 9/30/2028 Bond 1.00 1.02 425,000.00 433,118.14 0.48 US Treasury Note 4.50% 5/31/2029 Bond 1.01 1.02 1,200,000.00 1,223,343.72 1.35 US Treasury Note 4.375% 7/15/2027 Bond 1.01 1.01 700,000.00 704,785.13 0.78 US Treasury Note 4.375% 12/31/2029 Bond 1.00 1.02 850,000.00 864,542.91 0.96 Asset Allocation
Asset Allocation Account
%
Bond 99.84
Money Market 0.16
100.00
Aggregated Investment Activity (1 Yr)
04/01/25 10/01/25 03/31/26
$85,000,000.00
$87,500,000.00
$90,000,000.00
$92,500,000.00
2 Accounts
Top 5 Securities for Client
Name % Aggregate
US Treasury Note 2.25% 2/15/
2027 5.00 %
US Treasury Note 3.875% 12/31/
2027 3.54 %
US Treasury Note 4.125% 3/31/
2029 2.31 %
FHLMC 4.50% 6/1/2040 2.28 %
Fhlmc 4.03%28 Due 11/20/2028 2.75 %
Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 90,509,720.87 100.00
US Treasury Note 4.375% 11/30/2028 Bond 1.01 1.01 250,000.00 253,457.03 0.28 US Treasury Note 4.25% 6/30/2029 Bond 0.99 1.01 1,150,000.00 1,164,240.22 1.29 US Treasury Note 4.25% 2/28/2029 Bond 1.00 1.01 650,000.00 657,490.21 0.73 US Treasury Note 4.125% 3/31/2029 Bond 0.98 1.01 2,075,000.00 2,092,426.68 2.31 US Treasury Note 4.125% 11/30/2029 Bond 0.99 1.01 1,800,000.00 1,814,976.54 2.01 US Treasury Note 4.125% 10/31/2029 Bond 1.00 1.01 500,000.00 504,082.00 0.56 US Treasury Note 4.00% 2/29/2028 Bond 0.99 1.00 1,700,000.00 1,705,644.51 1.88 US Treasury Note 4.00% 2/28/2030 Bond 1.00 1.00 1,000,000.00 1,003,867.10 1.11 US Treasury Note 3.875% 3/15/2028 Bond 1.00 1.00 1,000,000.00 1,001,210.90 1.11 US Treasury Note 3.875% 12/31/2027 Bond 1.01 1.00 3,200,000.00 3,202,124.80 3.54 US Treasury Note 3.875% 11/30/2027 Bond 1.00 1.00 625,000.00 625,390.63 0.69 US Treasury Note 3.75% 8/15/2027 Bond 1.00 1.00 1,500,000.00 1,498,242.15 1.66 US Treasury Note 3.75% 12/31/2028 Bond 0.99 1.00 1,600,000.00 1,596,874.88 1.76 US Treasury Note 3.625% 5/31/2028 Bond 0.98 1.00 1,000,000.00 996,093.70 1.10 US Treasury Note 3.50% 9/30/2029 Bond 1.00 0.99 600,000.00 592,851.54 0.66 US Treasury Note 3.50% 1/31/2028 Bond 0.99 0.99 2,000,000.00 1,988,750.00 2.20 US Treasury Note 3.375% 2/29/2028 Bond 0.99 0.99 1,500,000.00 1,488,281.25 1.64 US Treasury Note 3.25% 6/30/2029 Bond 0.99 0.98 800,000.00 785,437.44 0.87 US Treasury Note 3.25% 6/30/2027 Bond 0.98 0.99 750,000.00 744,726.53 0.82 US Treasury Note 2.75% 4/30/2027 Bond 0.99 0.99 325,000.00 321,508.79 0.36 US Treasury Note 2.625% 5/31/2027 Bond 0.98 0.99 725,000.00 715,229.47 0.79 US Treasury Note 2.25% 2/15/2027 Bond 0.94 0.99 4,585,000.00 4,525,896.14 5.00 US Treasury Bill 0.00% 4/30/2026 Bond 1.00 1.00 800,000.00 797,660.64 0.88 University CA Revs 3.909% 5/15/2029 Bond 0.98 1.00 1,000,000.00 995,670.00 1.10 Unitedhealth Group Inc Note 4.80% 1/15/2030 Bond 1.01 1.01 750,000.00 757,238.25 0.84 Unitedhealth Group Inc Note 4.65% 1/15/2031 Bond 1.02 1.00 800,000.00 801,352.00 0.89 United States Bancorp Medium U S Bancorp Medium Term Nts- R
5.384% 1/23/2030 Bond 1.02 1.02 500,000.00 510,630.50 0.56 Union Pac 3.95% 9/10/2028 Bond 0.99 0.99 500,000.00 496,546.50 0.55 Ubs Ag, Stamfo4.864% 28f Due 1/10/2028 Bond 1.00 1.00 250,000.00 250,803.50 0.28 Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 90,509,720.87 100.00
U S Bancorp Medium Term Nts 0.00% 6/12/2029 Bond 1.03 1.03 500,000.00 512,886.50 0.57 Toyota Motor Cre 4.35%27 Due 10/8/2027 Bond 1.00 1.00 130,000.00 130,265.59 0.14 Toyota Auto Rece 4.71% 2/15/2028 Bond 0.40 0.40 270,000.00 108,088.07 0.12 Toyota Auto Rec Tr 5.54% 8/15/2028 Bond 0.67 0.67 130,000.00 87,690.49 0.10 Texas Instruments Inc Sr Nt 4.60% 2/8/2027 Bond 1.00 1.00 310,000.00 311,334.86 0.34 Texas Instrs Inc 4.60% 2/15/2028 Bond 1.02 1.01 115,000.00 115,803.16 0.13 Target Corp 1.95% 1/15/2027 Bond 1.00 0.98 200,000.00 196,785.20 0.22 State Str Corp Sr Nt 4.33% 10/22/2027 Bond 1.00 1.00 300,000.00 301,147.80 0.33 State Str 5.272% 8/3/2026 Bond 1.00 1.00 195,000.00 195,734.57 0.22 STATE 4.993% 3/18/2027 Bond 1.00 1.01 210,000.00 211,307.88 0.23 Schwab Charles Corp Note Call Make Whole 6.20% 11/17/2029 Bond 1.06 1.04 750,000.00 782,923.50 0.87 Schwab Bank Sweep Mutual Fund - 1.00 149,285.01 149,285.01 0.16 Rio Tino Fin 4.875% 3/14/2030 Bond 1.01 1.01 750,000.00 761,048.25 0.84 Pnc Finl Svcs Gro Var 29 Due 6/12/2029 Bond 1.03 1.02 1,250,000.00 1,278,260.00 1.41 Philip Morris I 4.375%30 Due 4/30/2030 Bond 1.00 0.99 1,250,000.00 1,241,575.00 1.37 Novartis Capital Corp Note 3.80% 9/18/2029 Bond 1.00 0.99 465,000.00 458,955.00 0.51 Natixis New Yor 5.61% 9/18/2026 CD 1.00 1.01 500,000.00 503,245.00 0.56 Morgan Stanley Var 28 Due 4/13/2028 Bond 1.02 1.01 500,000.00 505,611.50 0.56 Morgan Stanley Ser I Mtn 4.21% 4/20/2028 Bond 0.99 1.00 500,000.00 498,710.50 0.55 Morgan Stanley Medium Term Note 3.125% 7/27/2026 Bond 1.06 1.00 175,000.00 174,345.15 0.19 Morgan Stanley 4.431% 1/23/2030 Bond 0.99 1.00 250,000.00 248,819.75 0.27 Mercedes Benz Auto Receivables 5.21% 8/16/2027 Bond 0.09 0.09 265,000.00 22,814.86 0.03 Mbart Remic 4.51% 11/15/2027 Bond 0.15 0.15 135,000.00 20,533.49 0.02 Mastercard Inc 4.1 4.10% 1/15/2028 Bond 1.00 1.00 160,000.00 160,046.56 0.18 Mastercard Inc 2.95% 6/1/2029 Bond 0.95 0.96 500,000.00 481,661.00 0.53 Marsh & Mclennan Cos Inc 4.375% 3/15/2029 Bond 1.00 1.00 500,000.00 499,905.00 0.55 JP Morgan Chase Bk 5.11% 12/8/2026 Bond 1.00 1.01 400,000.00 402,500.40 0.44 JP Morgan Chase & Company 0.000 4/22/2027 Bond 0.97 1.00 400,000.00 399,537.60 0.44 JP Morgan Chase & Co Sr Nt Fixed/fltg 0.00% 1/23/2030 Bond 1.01 1.01 500,000.00 505,697.50 0.56 Hyundai Auto Recs Tr Cmo 2023-C Cl 5.54% 10/16/2028 Bond 0.61 0.62 200,000.00 123,785.18 0.14 Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 90,509,720.87 100.00
Hyundai Auto Rec Tr Ser 2024-c Cl A-3 4.42% 5/15/2029 Bond 1.00 1.00 240,000.00 240,790.92 0.27 Hyundai Auto Rec Tr Ser 2022-c Cl A-3 5.39% 6/15/2027 Bond 0.04 0.04 185,000.00 6,527.28 0.01 Hyundai Auto Rec 5.48% 4/17/2028 Bond 0.38 0.38 140,000.00 53,458.34 0.06 Hyundai Auto Rec 4.58% 4/15/2027 Bond 0.02 0.02 220,000.00 5,038.86 0.01 Honda Auto Receivables 2023-4 Cl A3 5.67% 6/21/2028 Bond 0.55 0.56 115,000.00 64,249.02 0.07 Honda Auto Receiv 4.15% 10/15/2029 Bond 1.00 1.00 729,000.00 729,361.44 0.81 Home Depot Inc Note Call Make Whole 2.80% 9/14/2027 Bond 0.94 0.98 250,000.00 245,594.50 0.27 Harley-Davidson Tr Ser 2023-A Cl A-3 5.05% 12/15/2027 Bond 0.18 0.18 230,000.00 40,617.06 0.04 Harley Davidson Mtr Tr Cmo 2023-B Cl 5.69% 8/15/2028 Bond 0.48 0.49 465,000.00 227,008.30 0.25 Goldman Sachs Group Inc Note 5.049% 7/23/2030 Bond 1.02 1.01 750,000.00 757,555.50 0.84 Gm Finl Consumer 5.45% 12/18/2028 Bond 0.42 0.42 140,000.00 58,995.78 0.07 Gm Finl Consumer 4.47% 2/16/2028 Bond 0.27 0.27 180,000.00 48,929.40 0.05 Gm Financial Consumer 4.40% 8/16/2029 Bond 1.00 1.00 165,000.00 165,340.18 0.18 Gm Financial Cons Auto Rec Tr Cmo 2023-4 Cl A3 MO 5.78% 8/ 16/2028 Bond 0.55 0.55 215,000.00 118,709.73 0.13
General Dynamics Corporation 3.75% 5/15/2028 Bond 0.97 0.99 275,000.00 272,966.10 0.30 Ford Cr Auto Owner 5.23% 5/15/2028 Bond 0.42 0.42 200,000.00 84,475.30 0.09 Ford CR Auto Owner 4.65% 2/15/2028 Bond 0.26 0.26 180,000.00 46,908.29 0.05 FNMA Remic Trust 2017-M15 A2 2.959% 9/25/2027 Bond 0.74 0.78 400,000.00 311,984.08 0.34 FNMA 4.50% 3/30/2029 Bond 1.00 1.00 350,000.00 350,178.85 0.39 Fifth Third Auto Tr Ser 5.53% 8/15/2028 Bond 0.46 0.46 475,000.00 217,706.42 0.24 FHLMC Ser K-514 Cl A2 4.572% 12/25/2028 Bond 1.01 1.01 330,000.00 333,298.19 0.37 FHLMC Rr0002 5.00% 40 Due 6/1/2040 Bond 0.78 0.78 2,500,000.00 1,951,422.00 2.16 FHLMC Multifamily Structured P Ser K065 Cl A2 *24 Day Delay
3.243% 4/25/2027 Bond 0.96 0.99 600,000.00 593,750.10 0.66 FHLMC Mltcl Mt 2.282% 7/25/2026 Bond 0.78 0.84 400,000.00 335,157.84 0.37 Fhlmc 5.272%28 Mbs-cmo Due 8/25/2028 -kj47- Bond 0.49 0.49 285,000.00 140,465.50 0.16 Fhlmc 5.18%29 Mbs-cmo Due 3/25/2029 -k520- Bond 1.00 1.03 295,000.00 302,526.87 0.33 Fhlmc 5.069%28 Mbs-cmo Due 10/25/2028 -k510- Bond 1.00 1.02 235,000.00 238,875.46 0.26 Fhlmc 5.00% 8/1/2040 Bond 0.82 0.81 2,500,000.00 2,028,807.50 2.24 FHLMC 5.00% 28 Mbs-cmo Due 11/25/2028 -k512- Bond 0.93 0.94 265,000.00 248,516.79 0.27 Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 90,509,720.87 100.00
Fhlmc 4.86%28 Mbs-cmo Due 10/25/2028 -k511- Bond 1.00 1.02 360,000.00 365,405.18 0.40 Fhlmc 4.85%28 Mbs-cmo Due 9/25/2028 -k509- Bond 0.98 1.02 600,000.00 609,523.98 0.67 FHLMC 4.819% 6/25/2028 Bond 1.01 1.01 700,000.00 705,776.05 0.78 Fhlmc 4.803%29 Mbs-cmo Due 5/25/2029 -k522- Bond 0.97 0.99 675,000.00 666,736.31 0.74 Fhlmc 4.792%29 Mbs-cmo Due 9/25/2029 -k530- Bond 1.01 1.02 495,000.00 504,066.57 0.56 Fhlmc 4.791%29 Mbs-cmo Due 9/25/2029 -k529- Bond 1.02 1.02 310,000.00 316,036.29 0.35 Fhlmc 4.74%28 Mbs-cmo Due 8/25/2028 -k508- Bond 0.98 1.01 650,000.00 658,196.63 0.73 Fhlmc 4.65%28 Mbs-cmo Due 8/25/2028 -k506- Bond 0.99 1.01 650,000.00 653,890.45 0.72 Fhlmc 4.543%29 Mbs-cmo Due 7/25/2029 -k526- Bond 1.01 1.01 495,000.00 500,205.42 0.55 Fhlmc 4.508%29 Mbs-cmo Due 7/25/2029 -k528- Bond 1.02 1.01 195,000.00 196,851.08 0.22 FHLMC 4.50% 6/1/2040 Bond 0.83 0.83 2,500,000.00 2,064,439.75 2.28 Fhlmc 4.03%28 Due 11/20/2028 Bond 1.00 0.99 2,500,000.00 2,485,460.00 2.75 FHLMC 3.43% 1/25/2027 Bond 0.96 0.98 700,000.00 688,062.41 0.76 FHLMC 3.347% 11/25/2026 Bond 0.91 0.94 240,000.00 225,275.74 0.25 FHLMC 2.653% 9/25/2049 Bond 0.95 0.99 450,000.00 447,259.73 0.49 FHLMC 2.57% 7/25/2026 Bond 0.77 0.81 300,000.00 241,788.24 0.27 FHLMC 1.77% 5/25/2028 Bond 0.88 0.95 500,000.00 476,535.55 0.53 FHLMC 1.336% 9/25/2027 Bond 0.90 0.94 450,000.00 424,888.70 0.47 FHLM 4.50% 2/1/2041 Bond 0.98 0.97 1,000,000.00 971,919.60 1.07 Federal Ntnl Mo 3.061%27 Mbs-cmo Due 6/25/2027 -17m12- Bond 0.45 0.48 400,000.00 190,142.68 0.21 Federal National 4.19% 7/25/2028 Bond 0.88 0.92 550,000.00 503,724.21 0.56 Federal Home Ln Mtg 0.00% Mbs-cmo 1/25/2029 -k518- Bond 1.05 1.03 525,000.00 541,089.89 0.60 Federal Home Ln 4.72%29 Mbs-cmo Due 5/25/2029 -- Bond 1.01 1.01 520,000.00 527,732.45 0.58 Enterprise Prods Oper LLC 2.80% 1/31/2030 Bond 0.93 0.94 500,000.00 469,967.50 0.52 Eli Lilly & Co Note Call Make Whole 4.50% 2/9/2027 Bond 1.00 1.00 270,000.00 271,127.79 0.30 Discover Bank A 4.93% 6/15/2028 Bond 1.00 1.00 455,000.00 455,947.45 0.50 Deere John Capital Corp Mtn 2.35% 3/8/2027 Bond 1.00 0.98 125,000.00 123,034.75 0.14 Deere John Cap Corp Medium Term 5.15% 9/8/2026 Bond 1.00 1.00 300,000.00 301,019.70 0.33 Credit Agricole 4.76% 2/1/2027 CD 1.00 1.00 525,000.00 527,236.50 0.58 Conocophillips Co 4.7 4.70% 1/15/2030 Bond 1.00 1.01 750,000.00 755,121.00 0.83 Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 90,509,720.87 100.00
Citigroup 1/10/2028 Bond 0.95 0.99 175,000.00 174,090.18 0.19 Citibank Credit C 4.30% 6/21/2030 Bond 1.00 1.00 365,000.00 366,258.34 0.40 Citibank 5.488% 12/4/2026 Bond 1.00 1.01 250,000.00 251,560.25 0.28 CISCO SYS INC 4.80% 2/26/2027 Bond 1.00 1.01 305,000.00 306,864.16 0.34 Chase Issuance Trust Series 2024-A1 Class A 4.60% Due 1/16/ 2029 Dated 1/31/2024 Bond 1.00 1.00 520,000.00 522,317.07 0.58 Carmax Auto Owner 5.34% 8/16/2027 Bond 0.08 0.08 195,000.00 16,250.93 0.02 Capital One Funding 4.42% 5/15/2028 Bond 1.00 1.00 415,000.00 415,161.23 0.46 Capital One 3.92% 9/17/2029 Bond 1.00 1.00 615,000.00 614,181.44 0.68 California St 4.846% 3/1/2027 Bond 1.00 1.01 265,000.00 267,488.35 0.30 Bp Cap Mkts Amer Inc Note Call Make Whole 5.017% 11/17/2027 Bond 1.00 1.01 380,000.00 384,514.78 0.42 Board Trustees 4.146%30 Due 8/1/2030 Bond 1.00 0.99 1,000,000.00 993,792.00 1.10 Bmw Veh Owner Tr 5.47% 2/25/2028 Bond 0.29 0.29 115,000.00 33,409.41 0.04 Bank of America, 4.98% Abs-cc 11/15/2028 -232- Bond 1.00 1.01 230,000.00 231,521.27 0.26 Bank Of America Corp Sr Unsecured 0.00% 9/15/2029 Bond 1.04 1.03 500,000.00 515,350.50 0.57 Bank Of America Corp Note Call Make Whole 1.73% 7/22/2027 Bond 0.96 0.99 500,000.00 495,656.50 0.55 Bank Of America 5.526% Due 8/18/2026 Bond 1.00 1.00 450,000.00 451,692.45 0.50 Bank Of America 4.79% 5/15/2028 Bond 1.00 1.00 230,000.00 230,195.29 0.25 Bank NY Mellon Corp Mtn 4.95% 4/26/2027 Bond 1.00 1.00 325,000.00 325,020.80 0.36 Bank New York Mel 3.30% 8/23/2029 Bond 0.95 0.96 750,000.00 722,105.25 0.80 Bank Amer Corp Sr Glbl Nt 3.419% 12/20/2028 Bond 0.97 0.98 500,000.00 490,709.00 0.54 BAA-Jp Morgan Chase Bk NA 3.54% 5/1/2028 Bond 0.94 0.99 250,000.00 247,482.50 0.27 Astrazeneca Fin L 4.80% 2/26/2027 Bond 1.00 1.01 175,000.00 176,031.10 0.19 Apple Inc Note Call Make Whole 3.20% 5/11/2027 Bond 0.99 0.99 250,000.00 248,110.00 0.27 American Honda Fin Corp Med 2.35% 1/8/2027 Bond 0.92 0.98 250,000.00 246,192.50 0.27 American Honda F 5.25% Due 7/7/2026 Bond 1.00 1.00 155,000.00 155,267.53 0.17 American Express Company 0.000 7/26/2028 Bond 1.00 1.01 70,000.00 70,604.87 0.08 American Express Co Nt Fixed/Fltg 5.282% 7/27/2029 Bond 1.02 1.02 500,000.00 508,507.50 0.56 American Express 4.87% 5/15/2028 Bond 1.00 1.00 255,000.00 255,244.62 0.28 American Express 4.28%30 Mbs-mbs Due 4/15/2030 -- Bond 1.00 1.00 241,000.00 241,416.74 0.27 Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 90,509,720.87 100.00
American Exp Cr 5.23% 4/16/2029 Bond 1.00 1.01 625,000.00 632,643.56 0.70 Altria Group Inc 6.20% 11/1/2028 Bond 1.05 1.04 500,000.00 520,539.50 0.58 Ally Auto Receiv 5.46% 5/15/2028 Bond 0.41 0.41 250,000.00 103,061.28 0.11 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs - BR 47275745 Gov SMA - - - 89,479,239.33 100.00 Wf Card Issuance Ser Cl A 4.94% 2/15/2029 Bond 1.00 1.01 650,000.00 655,049.66 0.73 Wf Card Issuance 4.29% 10/15/2029 Bond 1.00 1.00 235,000.00 236,066.12 0.26 Wells Fargo Bank Natl Assn Note 5.45% 8/7/2026 Bond 1.00 1.00 250,000.00 250,626.00 0.28 Wells Fargo Bank 5.254% 12/11/2026 Bond 1.00 1.01 400,000.00 403,003.60 0.45 Wells Fargo & Co Medium Term 3.526% 3/24/2028 Bond 0.94 0.99 250,000.00 247,748.25 0.28 Verizon Master Tr 4.40% 6/20/2031 Bond 1.00 1.00 318,000.00 318,753.21 0.36 US Treasury Note W-2027 2.50% 3/31/2027 Bond 0.99 0.99 600,000.00 592,757.76 0.66 US Treasury Note 4.625% 9/30/2028 Bond 1.00 1.02 425,000.00 433,118.14 0.48 US Treasury Note 4.50% 5/31/2029 Bond 1.01 1.02 1,200,000.00 1,223,343.72 1.37 US Treasury Note 4.375% 7/15/2027 Bond 1.01 1.01 700,000.00 704,785.13 0.79 US Treasury Note 4.375% 12/31/2029 Bond 1.00 1.02 850,000.00 864,542.91 0.97 US Treasury Note 4.375% 11/30/2028 Bond 1.01 1.01 250,000.00 253,457.03 0.28 US Treasury Note 4.25% 6/30/2029 Bond 0.99 1.01 1,150,000.00 1,164,240.22 1.30 US Treasury Note 4.25% 2/28/2029 Bond 1.00 1.01 650,000.00 657,490.21 0.73 US Treasury Note 4.125% 3/31/2029 Bond 0.98 1.01 2,075,000.00 2,092,426.68 2.34 US Treasury Note 4.125% 11/30/2029 Bond 0.99 1.01 1,800,000.00 1,814,976.54 2.03 US Treasury Note 4.125% 10/31/2029 Bond 1.00 1.01 500,000.00 504,082.00 0.56 US Treasury Note 4.00% 2/29/2028 Bond 0.99 1.00 1,700,000.00 1,705,644.51 1.91 US Treasury Note 4.00% 2/28/2030 Bond 1.00 1.00 1,000,000.00 1,003,867.10 1.12 US Treasury Note 3.875% 3/15/2028 Bond 1.00 1.00 1,000,000.00 1,001,210.90 1.12 US Treasury Note 3.875% 12/31/2027 Bond 1.01 1.00 3,200,000.00 3,202,124.80 3.58 US Treasury Note 3.875% 11/30/2027 Bond 1.00 1.00 625,000.00 625,390.63 0.70 US Treasury Note 3.75% 8/15/2027 Bond 1.00 1.00 1,500,000.00 1,498,242.15 1.67 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs - BR 47275745 Gov SMA - - - 89,479,239.33 100.00 US Treasury Note 3.75% 12/31/2028 Bond 0.99 1.00 1,600,000.00 1,596,874.88 1.78 US Treasury Note 3.625% 5/31/2028 Bond 0.98 1.00 1,000,000.00 996,093.70 1.11 US Treasury Note 3.50% 9/30/2029 Bond 1.00 0.99 600,000.00 592,851.54 0.66 US Treasury Note 3.50% 1/31/2028 Bond 0.99 0.99 2,000,000.00 1,988,750.00 2.22 US Treasury Note 3.375% 2/29/2028 Bond 0.99 0.99 1,500,000.00 1,488,281.25 1.66 US Treasury Note 3.25% 6/30/2029 Bond 0.99 0.98 800,000.00 785,437.44 0.88 US Treasury Note 3.25% 6/30/2027 Bond 0.98 0.99 750,000.00 744,726.53 0.83 US Treasury Note 2.75% 4/30/2027 Bond 0.99 0.99 325,000.00 321,508.79 0.36 US Treasury Note 2.625% 5/31/2027 Bond 0.98 0.99 725,000.00 715,229.47 0.80 US Treasury Note 2.25% 2/15/2027 Bond 0.94 0.99 4,585,000.00 4,525,896.14 5.06 US Treasury Bill 0.00% 4/30/2026 Bond 1.00 1.00 800,000.00 797,660.64 0.89 University CA Revs 3.909% 5/15/2029 Bond 0.98 1.00 1,000,000.00 995,670.00 1.11 Unitedhealth Group Inc Note 4.80% 1/15/2030 Bond 1.01 1.01 750,000.00 757,238.25 0.85 Unitedhealth Group Inc Note 4.65% 1/15/2031 Bond 1.02 1.00 800,000.00 801,352.00 0.90 United States Bancorp Medium U S Bancorp Medium
Term Nts- R 5.384% 1/23/2030 Bond 1.02 1.02 500,000.00 510,630.50 0.57 Union Pac 3.95% 9/10/2028 Bond 0.99 0.99 500,000.00 496,546.50 0.55 Ubs Ag, Stamfo4.864% 28f Due 1/10/2028 Bond 1.00 1.00 250,000.00 250,803.50 0.28 U S Bancorp Medium Term Nts 0.00% 6/12/2029 Bond 1.03 1.03 500,000.00 512,886.50 0.57 Toyota Motor Cre 4.35%27 Due 10/8/2027 Bond 1.00 1.00 130,000.00 130,265.59 0.15 Toyota Auto Rece 4.71% 2/15/2028 Bond 0.40 0.40 270,000.00 108,088.07 0.12 Toyota Auto Rec Tr 5.54% 8/15/2028 Bond 0.67 0.67 130,000.00 87,690.49 0.10 Texas Instruments Inc Sr Nt 4.60% 2/8/2027 Bond 1.00 1.00 310,000.00 311,334.86 0.35 Texas Instrs Inc 4.60% 2/15/2028 Bond 1.02 1.01 115,000.00 115,803.16 0.13 Target Corp 1.95% 1/15/2027 Bond 1.00 0.98 200,000.00 196,785.20 0.22 State Str Corp Sr Nt 4.33% 10/22/2027 Bond 1.00 1.00 300,000.00 301,147.80 0.34 State Str 5.272% 8/3/2026 Bond 1.00 1.00 195,000.00 195,734.57 0.22 STATE 4.993% 3/18/2027 Bond 1.00 1.01 210,000.00 211,307.88 0.24 Schwab Charles Corp Note Call Make Whole 6.20% 11/
17/2029 Bond 1.06 1.04 750,000.00 782,923.50 0.87
Schwab Bank Sweep Mutual Fund - 1.00 149,284.97 149,284.97 0.17 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs - BR 47275745 Gov SMA - - - 89,479,239.33 100.00 Rio Tino Fin 4.875% 3/14/2030 Bond 1.01 1.01 750,000.00 761,048.25 0.85 Pnc Finl Svcs Gro Var 29 Due 6/12/2029 Bond 1.03 1.02 1,250,000.00 1,278,260.00 1.43 Philip Morris I 4.375%30 Due 4/30/2030 Bond 1.00 0.99 1,250,000.00 1,241,575.00 1.39 Novartis Capital Corp Note 3.80% 9/18/2029 Bond 1.00 0.99 465,000.00 458,955.00 0.51 Morgan Stanley Var 28 Due 4/13/2028 Bond 1.02 1.01 500,000.00 505,611.50 0.57 Morgan Stanley Ser I Mtn 4.21% 4/20/2028 Bond 0.99 1.00 500,000.00 498,710.50 0.56 Morgan Stanley Medium Term Note 3.125% 7/27/2026 Bond 1.06 1.00 175,000.00 174,345.15 0.19 Morgan Stanley 4.431% 1/23/2030 Bond 0.99 1.00 250,000.00 248,819.75 0.28 Mercedes Benz Auto Receivables 5.21% 8/16/2027 Bond 0.09 0.09 265,000.00 22,814.86 0.03 Mbart Remic 4.51% 11/15/2027 Bond 0.15 0.15 135,000.00 20,533.49 0.02 Mastercard Inc 4.1 4.10% 1/15/2028 Bond 1.00 1.00 160,000.00 160,046.56 0.18 Mastercard Inc 2.95% 6/1/2029 Bond 0.95 0.96 500,000.00 481,661.00 0.54 Marsh & Mclennan Cos Inc 4.375% 3/15/2029 Bond 1.00 1.00 500,000.00 499,905.00 0.56 JP Morgan Chase Bk 5.11% 12/8/2026 Bond 1.00 1.01 400,000.00 402,500.40 0.45 JP Morgan Chase & Company 0.000 4/22/2027 Bond 0.97 1.00 400,000.00 399,537.60 0.45 JP Morgan Chase & Co Sr Nt Fixed/fltg 0.00% 1/23/2030 Bond 1.01 1.01 500,000.00 505,697.50 0.57 Hyundai Auto Recs Tr Cmo 2023-C Cl 5.54% 10/16/2028 Bond 0.61 0.62 200,000.00 123,785.18 0.14 Hyundai Auto Rec Tr Ser 2024-c Cl A-3 4.42% 5/15/2029 Bond 1.00 1.00 240,000.00 240,790.92 0.27 Hyundai Auto Rec Tr Ser 2022-c Cl A-3 5.39% 6/15/2027 Bond 0.04 0.04 185,000.00 6,527.28 0.01 Hyundai Auto Rec 5.48% 4/17/2028 Bond 0.38 0.38 140,000.00 53,458.34 0.06 Hyundai Auto Rec 4.58% 4/15/2027 Bond 0.02 0.02 220,000.00 5,038.86 0.01 Honda Auto Receivables 2023-4 Cl A3 5.67% 6/21/2028 Bond 0.55 0.56 115,000.00 64,249.02 0.07 Honda Auto Receiv 4.15% 10/15/2029 Bond 1.00 1.00 729,000.00 729,361.44 0.82 Home Depot Inc Note Call Make Whole 2.80% 9/14/2027 Bond 0.94 0.98 250,000.00 245,594.50 0.27 Harley-Davidson Tr Ser 2023-A Cl A-3 5.05% 12/15/2027 Bond 0.18 0.18 230,000.00 40,617.06 0.05 Harley Davidson Mtr Tr Cmo 2023-B Cl 5.69% 8/15/2028 Bond 0.48 0.49 465,000.00 227,008.30 0.25 Goldman Sachs Group Inc Note 5.049% 7/23/2030 Bond 1.02 1.01 750,000.00 757,555.50 0.85 Gm Finl Consumer 5.45% 12/18/2028 Bond 0.42 0.42 140,000.00 58,995.78 0.07 Gm Finl Consumer 4.47% 2/16/2028 Bond 0.27 0.27 180,000.00 48,929.40 0.05 Gm Financial Consumer 4.40% 8/16/2029 Bond 1.00 1.00 165,000.00 165,340.18 0.18 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs - BR 47275745 Gov SMA - - - 89,479,239.33 100.00 Gm Financial Cons Auto Rec Tr Cmo 2023-4 Cl A3 MO
5.78% 8/16/2028 Bond 0.55 0.55 215,000.00 118,709.73 0.13 General Dynamics Corporation 3.75% 5/15/2028 Bond 0.97 0.99 275,000.00 272,966.10 0.31 Ford Cr Auto Owner 5.23% 5/15/2028 Bond 0.42 0.42 200,000.00 84,475.30 0.09 Ford CR Auto Owner 4.65% 2/15/2028 Bond 0.26 0.26 180,000.00 46,908.29 0.05 FNMA Remic Trust 2017-M15 A2 2.959% 9/25/2027 Bond 0.74 0.78 400,000.00 311,984.08 0.35 FNMA 4.50% 3/30/2029 Bond 1.00 1.00 350,000.00 350,178.85 0.39 Fifth Third Auto Tr Ser 5.53% 8/15/2028 Bond 0.46 0.46 475,000.00 217,706.42 0.24 FHLMC Ser K-514 Cl A2 4.572% 12/25/2028 Bond 1.01 1.01 330,000.00 333,298.19 0.37 FHLMC Rr0002 5.00% 40 Due 6/1/2040 Bond 0.78 0.78 2,500,000.00 1,951,422.00 2.18 FHLMC Multifamily Structured P Ser K065 Cl A2 *24 Day
Delay 3.243% 4/25/2027 Bond 0.96 0.99 600,000.00 593,750.10 0.66 FHLMC Mltcl Mt 2.282% 7/25/2026 Bond 0.78 0.84 400,000.00 335,157.84 0.37 Fhlmc 5.272%28 Mbs-cmo Due 8/25/2028 -kj47- Bond 0.49 0.49 285,000.00 140,465.50 0.16 Fhlmc 5.18%29 Mbs-cmo Due 3/25/2029 -k520- Bond 1.00 1.03 295,000.00 302,526.87 0.34 Fhlmc 5.069%28 Mbs-cmo Due 10/25/2028 -k510- Bond 1.00 1.02 235,000.00 238,875.46 0.27 Fhlmc 5.00% 8/1/2040 Bond 0.82 0.81 2,500,000.00 2,028,807.50 2.27 FHLMC 5.00% 28 Mbs-cmo Due 11/25/2028 -k512- Bond 0.93 0.94 265,000.00 248,516.79 0.28 Fhlmc 4.86%28 Mbs-cmo Due 10/25/2028 -k511- Bond 1.00 1.02 360,000.00 365,405.18 0.41 Fhlmc 4.85%28 Mbs-cmo Due 9/25/2028 -k509- Bond 0.98 1.02 600,000.00 609,523.98 0.68 FHLMC 4.819% 6/25/2028 Bond 1.01 1.01 700,000.00 705,776.05 0.79 Fhlmc 4.803%29 Mbs-cmo Due 5/25/2029 -k522- Bond 0.97 0.99 675,000.00 666,736.31 0.75 Fhlmc 4.792%29 Mbs-cmo Due 9/25/2029 -k530- Bond 1.01 1.02 495,000.00 504,066.57 0.56 Fhlmc 4.791%29 Mbs-cmo Due 9/25/2029 -k529- Bond 1.02 1.02 310,000.00 316,036.29 0.35 Fhlmc 4.74%28 Mbs-cmo Due 8/25/2028 -k508- Bond 0.98 1.01 650,000.00 658,196.63 0.74 Fhlmc 4.65%28 Mbs-cmo Due 8/25/2028 -k506- Bond 0.99 1.01 650,000.00 653,890.45 0.73 Fhlmc 4.543%29 Mbs-cmo Due 7/25/2029 -k526- Bond 1.01 1.01 495,000.00 500,205.42 0.56 Fhlmc 4.508%29 Mbs-cmo Due 7/25/2029 -k528- Bond 1.02 1.01 195,000.00 196,851.08 0.22 FHLMC 4.50% 6/1/2040 Bond 0.83 0.83 2,500,000.00 2,064,439.75 2.31 Fhlmc 4.03%28 Due 11/20/2028 Bond 1.00 0.99 2,500,000.00 2,485,460.00 2.78 FHLMC 3.43% 1/25/2027 Bond 0.96 0.98 700,000.00 688,062.41 0.77 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs - BR 47275745 Gov SMA - - - 89,479,239.33 100.00 FHLMC 3.347% 11/25/2026 Bond 0.91 0.94 240,000.00 225,275.74 0.25 FHLMC 2.653% 9/25/2049 Bond 0.95 0.99 450,000.00 447,259.73 0.50 FHLMC 2.57% 7/25/2026 Bond 0.77 0.81 300,000.00 241,788.24 0.27 FHLMC 1.77% 5/25/2028 Bond 0.88 0.95 500,000.00 476,535.55 0.53 FHLMC 1.336% 9/25/2027 Bond 0.90 0.94 450,000.00 424,888.70 0.47 FHLM 4.50% 2/1/2041 Bond 0.98 0.97 1,000,000.00 971,919.60 1.09 Federal Ntnl Mo 3.061%27 Mbs-cmo Due 6/25/2027
-17m12- Bond 0.45 0.48 400,000.00 190,142.68 0.21
Federal National 4.19% 7/25/2028 Bond 0.88 0.92 550,000.00 503,724.21 0.56 Federal Home Ln Mtg 0.00% Mbs-cmo 1/25/2029 -k518- Bond 1.05 1.03 525,000.00 541,089.89 0.60 Federal Home Ln 4.72%29 Mbs-cmo Due 5/25/2029 -- Bond 1.01 1.01 520,000.00 527,732.45 0.59 Enterprise Prods Oper LLC 2.80% 1/31/2030 Bond 0.93 0.94 500,000.00 469,967.50 0.53 Eli Lilly & Co Note Call Make Whole 4.50% 2/9/2027 Bond 1.00 1.00 270,000.00 271,127.79 0.30 Discover Bank A 4.93% 6/15/2028 Bond 1.00 1.00 455,000.00 455,947.45 0.51 Deere John Capital Corp Mtn 2.35% 3/8/2027 Bond 1.00 0.98 125,000.00 123,034.75 0.14 Deere John Cap Corp Medium Term 5.15% 9/8/2026 Bond 1.00 1.00 300,000.00 301,019.70 0.34 Conocophillips Co 4.7 4.70% 1/15/2030 Bond 1.00 1.01 750,000.00 755,121.00 0.84 Citigroup 1/10/2028 Bond 0.95 0.99 175,000.00 174,090.18 0.19 Citibank Credit C 4.30% 6/21/2030 Bond 1.00 1.00 365,000.00 366,258.34 0.41 Citibank 5.488% 12/4/2026 Bond 1.00 1.01 250,000.00 251,560.25 0.28 CISCO SYS INC 4.80% 2/26/2027 Bond 1.00 1.01 305,000.00 306,864.16 0.34 Chase Issuance Trust Series 2024-A1 Class A 4.60%
Due 1/16/2029 Dated 1/31/2024 Bond 1.00 1.00 520,000.00 522,317.07 0.58 Carmax Auto Owner 5.34% 8/16/2027 Bond 0.08 0.08 195,000.00 16,250.93 0.02 Capital One Funding 4.42% 5/15/2028 Bond 1.00 1.00 415,000.00 415,161.23 0.46 Capital One 3.92% 9/17/2029 Bond 1.00 1.00 615,000.00 614,181.44 0.69 California St 4.846% 3/1/2027 Bond 1.00 1.01 265,000.00 267,488.35 0.30 Bp Cap Mkts Amer Inc Note Call Make Whole 5.017% 11/
17/2027 Bond 1.00 1.01 380,000.00 384,514.78 0.43
Board Trustees 4.146%30 Due 8/1/2030 Bond 1.00 0.99 1,000,000.00 993,792.00 1.11 Bmw Veh Owner Tr 5.47% 2/25/2028 Bond 0.29 0.29 115,000.00 33,409.41 0.04 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs - BR 47275745 Gov SMA - - - 89,479,239.33 100.00 Bank of America, 4.98% Abs-cc 11/15/2028 -232- Bond 1.00 1.01 230,000.00 231,521.27 0.26 Bank Of America Corp Sr Unsecured 0.00% 9/15/2029 Bond 1.04 1.03 500,000.00 515,350.50 0.58 Bank Of America Corp Note Call Make Whole 1.73% 7/
22/2027 Bond 0.96 0.99 500,000.00 495,656.50 0.55
Bank Of America 5.526% Due 8/18/2026 Bond 1.00 1.00 450,000.00 451,692.45 0.50 Bank Of America 4.79% 5/15/2028 Bond 1.00 1.00 230,000.00 230,195.29 0.26 Bank NY Mellon Corp Mtn 4.95% 4/26/2027 Bond 1.00 1.00 325,000.00 325,020.80 0.36 Bank New York Mel 3.30% 8/23/2029 Bond 0.95 0.96 750,000.00 722,105.25 0.81 Bank Amer Corp Sr Glbl Nt 3.419% 12/20/2028 Bond 0.97 0.98 500,000.00 490,709.00 0.55 BAA-Jp Morgan Chase Bk NA 3.54% 5/1/2028 Bond 0.94 0.99 250,000.00 247,482.50 0.28 Astrazeneca Fin L 4.80% 2/26/2027 Bond 1.00 1.01 175,000.00 176,031.10 0.20 Apple Inc Note Call Make Whole 3.20% 5/11/2027 Bond 0.99 0.99 250,000.00 248,110.00 0.28 American Honda Fin Corp Med 2.35% 1/8/2027 Bond 0.92 0.98 250,000.00 246,192.50 0.28 American Honda F 5.25% Due 7/7/2026 Bond 1.00 1.00 155,000.00 155,267.53 0.17 American Express Company 0.000 7/26/2028 Bond 1.00 1.01 70,000.00 70,604.87 0.08 American Express Co Nt Fixed/Fltg 5.282% 7/27/2029 Bond 1.02 1.02 500,000.00 508,507.50 0.57 American Express 4.87% 5/15/2028 Bond 1.00 1.00 255,000.00 255,244.62 0.29 American Express 4.28%30 Mbs-mbs Due 4/15/2030 -- Bond 1.00 1.00 241,000.00 241,416.74 0.27 American Exp Cr 5.23% 4/16/2029 Bond 1.00 1.01 625,000.00 632,643.56 0.71 Altria Group Inc 6.20% 11/1/2028 Bond 1.05 1.04 500,000.00 520,539.50 0.58 Ally Auto Receiv 5.46% 5/15/2028 Bond 0.41 0.41 250,000.00 103,061.28 0.12 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs - MM & CD 98535216 Gov Cash - CD/ MM
- - - 1,030,481.54 100.00
Schwab Bank Sweep Mutual Fund - 1.00 0.04 0.04 0.00
Natixis New Yor 5.61% 9/18/2026 CD 1.00 1.01 500,000.00 503,245.00 48.84 Credit Agricole 4.76% 2/1/2027 CD 1.00 1.00 525,000.00 527,236.50 51.16
ITEM # 16
CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members
FROM: René Bobadilla, P.E., City Manager
BY: Office of the City Attorney
SUBJECT: INTRODUCTION OF ORDINANCE NO. 1170 - AMENDING TITLE III OF THE SANTA FE SPRINGS MUNICIPAL CODE BY ADDING A NEW CHAPTER 42 ENTITLED “POLICE DEPARTMENT AND POST STANDARDS AND TRAINING” CODIFYING THE ESTABLISHMENT OF THE SANTA FE SPRINGS POLICE DEPARTMENT AND ACCEPTANCE OF THE STATUTORY REQUIREMENTS RELATING TO THE RECRUITMENT AND TRAINING STANDARDS OF LAW ENFORCEMENT OFFICERS ESTABLISHED BY THE COMMISSION ON PEACE OFFICERS STANDARDS AND TRAINING
Date: June 2, 2026
_______________________________________________________________________________ RECOMMENDATION:
It is recommended that the City Council:
1. Approve for first reading Ordinance No. 1170 of the City of Santa Fe Springs, California (“City”) codifying the establishment of the Santa Fe Springs Police Department and acceptance of the statutory requirement and training standards of law enforcement officers;
2. Take such additional, related, action that may be desirable.
FISCAL IMPACT
N/A
OVERVIEW
The City of Santa Fe Springs has contracted with the City of Whitter for law enforcement services since 1995 but now resolves to form a municipal police department to provide police services to the City in lieu of police services provided by Whittier.
Under Article XI, Section 7 of the California Constitution a city may make and enforce within its limits all local, police, sanitary and other ordinances and regulations not in conflict with the general laws of the State of California. Once formed, general law cities may structure and manage their own affairs, including deciding what municipal services they will provide. Cities also have broad power to decide the instrumentalities by which municipal services will be provided. The State Legislature, under Government Code section 53060.7(a)(2) also acknowledges that cities and counties are the traditional law enforcement providers in the State. Also, under Government Code section CITY COUNCIL AGENDA REPORT – MEETING OF June 2, 2026
Ordinance Amending Title III of the Santa Fe Springs Municipal Code