Agenda packet — Vallejo City Council, April 25, 2023 (part 2 of 4)

Condensed investment information as of March 31, 2023, is as follows:

Description Par Value of
Portfolio
Fair Value of
Portfolio
Cost Basis of
Portfolio
Percentage
of Portfolio
City of Vallejo:

Loca Agency Investment Fund1 $55,761,469.98 $55,761,469.98 $55,761,469.98 27.59% U.S. Federal Agency Bonds $24,395,000.00 $23,176,165.46 $24,647,095.45 11.47% U.S. Treasury Securities $87,600,000.00 $84,841,082.57 $86,751,264.01 41.98% Corporate Medium-Term Notes $26,150,000.00 $24,928,197.62 $26,298,406.75 12.34% Asset Backed Securities $9,914,051.14 $9,667,234.53 $9,914,312.37 4.78% Collateralized Mortgage
Obligations
$800,000.00 $779,974.40 $860,562.50 0.39%
Money Market Mutual Funds $2,926,885.00 $2,926,885.00 $2,926,885.00 1.45% Total Investments: $207,547,406.12 $202,081,009.56 $207,159,996.06 100.00%

Condensed earnings and return information as of March 31, 2023 , is as follows:

Current Quarter Fiscal Year-to-Date
Portfolio Investment Earnings:

City of Vallejo2 $821,243 $2,109,427

Net Change in Portfolio Fair Value Balance3:

City of Vallejo $41,891,104 $38,316,839

Approximate Portfolio Rate-of-Return:

City of Vallejo - Yield to Maturity4 2.84%

BENCHMARK COMPARISON RATE-OF-RETURN5:

Local Agency Investment Fund 2.07% 2-Year U.S. Treasury Note Yield 4.01%

1 In accordance with Government Code Section 53646, the Fair Value of the Local Agency Investment Fund (LAIF) represents the value from the March 31, 2023, LAIF statement and has not been adjusted by the “Amortized Cost Factor” which is used in adjusting the statement balance to the actual “Fair Value” balance. 2 The City records interest income on a cash basis, whereas the attached statement uses the accrual basis. Since the accrual basis includes interest income earned but not received, there is a timing difference in recording the interest income between the City’s books and the attached statement. This difference will be trued up at fiscal year-end. 3 The “Net Change in Portfolio Fair Value Balance” is primarily a measure of the difference in the inflows and outflows of funds held in the LAIF account during the period. The change is primarily due to the timing of the receipt of property tax revenues, which are received in December and April of each year, and the timing of the City making withdrawals in the ordinary course of business to pay expenses. 4 Yield to Maturity is the interest income the portfolio will earn for the next twelve months expressed as a percentage. Yield to maturity assumes no changes during that twelve month period.
5 These are the performance benchmarks stated in the City’s Investment Policy. LAIF rate of return is as of December 31, 2022.

Date: April 25, 2023
Subject: CITY TREASURER’S INVESTMENT REPORT

Page 3 ends

COMPLIANCE
All investment transactions were executed in accordance with the California Government Code and the City’s and Investment Policies. In accordance with California Government Code section 53646(b)(3), staff believes that the investments and budgeted revenues for the City will provide sufficient cash flow to meet the anticipated cash flow requirements of each entity for the next six months.

Pooled cash and investments book balances are adjusted annually to reflect fair value as required by Generally Accepted Accounting Principles. The term fair value was formerly known as market value and became effective with the mandatory implementation of GASB 31 in fiscal year 1998. The attached investment schedules meet these requirements.

It should be noted that this is an investment portfolio report and does not include bank checking account deposits for the City. The Housing Authority is not required to file a quarterly report because it does not have any reportable investments since it closed it's investment account and transferred all funds to it's bank account which is covered by a general depository agreement, as required by HUD.

FISCAL IMPACT
There is no fiscal impact from this report. The City's portfolio had total investment earnings of $821,243 during the three-month period ending March 31, 2023. In addition, the portfolio also had a cumulative fair value versus cost value unrealized, non-cash gain of approximately $1,199,507 as of March 31, 2023. Fair value fluctuates from one period to another depending on the changes in interest rates and the supply and demand for bonds at a particular time. Therefore, there is often a difference between the cost value (the value at the time of purchase) and the fair value (the market value of the same security at a certain later period) creating an unrealized gain or loss.

ENVIRONMENTAL REVIEW
This action is exempt from the California Environmental Quality Act (CEQA) because it is not a project which has a potential for resulting in either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment, pursuant to CEQA Guideline section 15378.

ATTACHMENTS

1. City of Vallejo Economic and Account Analysis 03-31-23

2. Chandler Monthly Statement - Account 262 - 03-31-23

CONTACT
Rekha Nayar, Finance Director, (707) 648-4592
[email protected]

CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com

INVESTMENT REPORT
Period Ending March 31, 2023
City of Vallejo
SECTION 1 Economic Update
SECTION 2 Account Profile
Table of Contents As of March 31, 2023
1 SECTION |
Section 1 |
Economic Update
2 Economic Update
▪
▪
▪
Economic trends have been decelerating along with tighter financial conditions and restrictive monetary policy. Recent data suggests positive but below trend growth this year. Although the pace of job growth is moderating, labor markets remain solid, and the U.S. consumer has demonstrated resiliency. Market participants and the Federal Reserve are maintaining very divergent views regarding the future trajectory of monetary policy. Given the cumulative effects of tighter monetary policy and stress in the banking sector, we believe the Federal Reserve is likely near a pause in their rate hiking campaign. If moderate growth continues, we believe the Fed will likely maintain the Federal Funds rate in restrictive territory until inflationary pressures subside.

At the March meeting, the Federal Open Market Committee voted unanimously to raise the target federal funds rate by

0.25% to a range of 4.75 – 5.00%. Fed Chair Powell reiterated the committee’s focus on bringing down inflation to their 2% target; however, the committee softened language about "ongoing increases" in rates in the prior statement to "some additional policy firming may be appropriate". The statement also emphasized that the U.S. banking system is “sound and resilient” and acknowledged the tightening of financial conditions. The Chandler team believes the FOMC is likely near a pause in their rate hiking cycle.

In March, the yield curve inversion narrowed. The 2-year Treasury yield plummeted 79 basis points to 4.03%, the 5-year Treasury yield plunged 61 basis points to 3.58%, and the 10-year Treasury yield fell 45 basis points to 3.47%. The inversion between the 2-year Treasury yield and 10-year Treasury yield declined to -56 basis points at March month-end versus -90 basis points at February month-end. There was no spread between the 2-year Treasury and 10-year Treasury yield one year ago – the yields were approximately equal. The inversion between 3-month and 10-year Treasuries widened to -128 in March from -89 basis points in February. The shape of the yield curve indicates that the probability of recession is increasing.
3 Source: US Department of Labor Source: US Department of Labor Employment
The U.S. economy added 236,000 jobsin March, and the prior two months were revised downward by 17,000. Although the pace of job growth is moderating, employment remains strong, with the three-month moving average payrolls at 345,000 and the six-month moving average at 315,000. The private sector reported broad gains, led by leisure and hospitality. The unemployment rate fell to 3.5% due to a sharp rise in the number of people employed, and the participation rate increased to 62.6% from 62.5% in February. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons, declined to 6.7% from the prior month at 6.8%. Average hourly earnings rose 4.2% year-over-year in March, down from a 4.6% increasein February. Job Openings dipped to 9.9 million, the first drop below 10 million since May of 2021. While the overall pace of hiring is slowing, levels remain consistent with a solid labor market.
0 100
200
300
400
500
600
700
800
900
1,000
MOM Change In (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3 month average (000's)

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
4 Source: US Department of Labor Source: US Department of Commerce Inflation
The Consumer Price Index (CPI) increased in February 0.4% month-over-month and 6.0% year-over-year, down from 6.4% in January. The Core CPI, which excludes volatile food and energy components, rose 0.5% month-over-month and 5.5% year-over-year, decelerating from 5.6% in January. Shelter costs were the primary factor in the headline CPI representing 70% of the increase. Of note, used car prices experienced a significant drop of 13.6% when compared to a year ago, the largest decline since 1960. The Personal Consumption Expenditures (PCE) index rose 5.0% year-over-year in February, improving from a 5.3% year-over-year gain in January. Core PCE, the Federal Reserve’s preferred inflation gauge, increased 4.6% year-over-year in February, the smallest increase since October 2021. Inflationary trends are declining but remain above the Fed's 2% target.

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
YOY( %) Change

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY( %) Change
5 Advance Retail Sales fell -0.4% in February, but prior months were revised higher. Retail sales rose 5.4% year-over-year in February, versus January’s upwardly revised 7.7% year-over-year gain. The overall report exceeded expectations and points toward the resilience of the U.S. consumer. The Conference Board’s Consumer Confidence Index unexpectedly increased to 104.2in March from 103.4in February. While high inflation and recession concerns remain top of mind for many consumers, the strong labor market and low unemployment continue to support the strength in Consumer Confidence.

Source: US Department of Commerce Source: The Conference Board

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
80 90
100
110
120
130
140
Index Level
Consumer Confidence
Consumer
6 Source: The Conference Board Source: Federal Reserve Bank of Chicago Economic Activity
The Conference Board’s Leading Economic Index (LEI) remained in negative territory for the eleventh consecutive month at -0.3% in February, unchanged from -0.3% in January. The LEI was down 6.5% year-over-year in February versus down 5.9% year-over-year in January. The consistent decline month-over-month continues to signal future contraction in the economy. The Chicago Fed National Activity Index (CFNAI) declined to -0.19 in February from +0.23 in January. On a 3-month moving average basis, the CFNAI increased to -0.13 in February from -0.27 in January, indicating a rate of growth below the historical average trend. -0.50
-0.25

0.00 0.25

0.50 0.75

1.00 Chicago Fed National Activity Index (CFNAI)
3 Month Average
-1.0%
-0.5%

0.0%

0.5%

1.0%

1.5%
Leading Economic Indicators (LEI)
MOM ( %) Change
7 Source: US Department of Commerce Source: S&P
Housing
0 200
400
600
800
1000
1200
1400
1600
1800
2000
MOM Change (In Thousands of Units)
Housing Starts
Multi Family Housing Starts
Single Family Housing Starts

0.0%

3.0%

6.0%

9.0%

12.0%

15.0%

18.0%

21.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
YOY( %) Change
Total housing starts rose 9.8% month-over-month in February to 1,450,000 units and were down 18.4% compared to February 2022. Starts for both single-family and multi-family homes increased as mortgage rates declined from recent peaks. The 30-year fixed rate mortgage fell to an average of 6.24% accordingto Freddie Mac, down from a peak of 7.08%in October, but up from 4.67% a year ago. According to the Case-Shiller 20-City Home Price Index, the year-over-year increase continued its declining rate of gain to +2.55% in January from +4.62% in December, clearly displaying the impact of higher mortgage rates year-over-year, which have reduced demand for homebuying as affordability has declined. This is the lowest rate of annual appreciation since December 2019. 8 Source: Institute for Supply Management Source: Federal Reserve Manufacturing
The Institute for Supply Management (ISM) manufacturing index fell to 46.3in March from 47.7in February. This is the fifth consecutive month of readings below 50.0, which is indicative of contraction in the manufacturing sector. All components weakened, including the headline, new orders, employment, and prices. Industrial production was flat in February after an upward revision to +0.3% in January. This equates to a -

0.25% decline from the prior year. Capacity utilization remained at 78.0% in February versus a downwardly revised 78.0% in January and has fallen below the 1972-2021 average of 79.6%.
40 42
44 46
48 50
52 54
56 58
60 62
64 66
Institute of Supply Management Purchasing Manager Index

EXPANDING

CONTRACTING
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%
Industrial Production
YOY( %) Change
9 Source: US Department of Commerce Source: US Department of Commerce 3/22 6/22 9/22 12/22

0.9% 1.4% 1.5% 0.7%

1.0% -2.8% -1.8% 0.8%
-3.1% 1.2% 2.9% 0.4%
-0.4% -0.2% 0.2% 0.4%

0.0% -0.1% 0.4% 0.3%
-1.6% -0.6% 3.3% 2.6%
Federal Government Expenditures
State and Local (Consumption and Gross
Investment)
Gross Private Domestic Investment
Personal Consumption Expenditures
Components of GDP
Net Exports and Imports
Total
-35.0%
-30.0%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Gross Domestic Product (GDP)
According to the third estimate, fourth quarter 2022GDP growth was revised downward to 2.6% from 2.7%. The revision lower was primarily due to weaker growth in personal consumption expenditures and a wider trade gap in net exports. The consensus estimate calls for 1.6% growth in the first quarter and 1.0% growth for the full year 2023. 10 Federal Reserve
Source: Federal Reserve Source: Bloomberg
At the March meeting, the Federal Open Market Committee voted unanimously to raise the target federal funds rate by 0.25% to a range of

4.75 – 5.00%. Fed Chair Powell reiterated the committee’s focus on bringing down inflation to their 2% target; however, the committee softened language about "ongoing increases" in rates in the prior statement to "some additional policy firming may be appropriate". The statement also emphasized that the U.S. banking system is “sound and resilient” and acknowledged the tightening in financial conditions.

Powell indicated that the extent of these effects is uncertain but speculated that tighter credit conditions could be equivalent to a rate hike or more. The Summary of Economic Projections was little changed, with the consensus target federal funds rate rising to 5.1% by the end of 2023 (implying one more quarter point hike), falling to 4.3% in 2024(up from 4.1% previously), and declining to 3.1% by the end of 2025. No rate cuts were in the Fed’s base case for this year, contrary to the market consensus. Although projections imply policymakers are winding down interest rate hikes, the statement clearly reflected optionality for the Fed to remain data dependent. The Chandler team believes the Fed is likely near a pause in their rate hiking cycle.

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%
Effective Federal Funds Rate
Yield (%)
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
In $ millions
11 Source: Bloomberg Source: Bloomberg

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Yield Curve
Mar-23
Dec-22
Mar-22
Yield (%)
Bond Yields
At the end of March, the 2-year Treasury yield was 169 basis points higher, and the 10-Year Treasury yield was about 113 basis points higher, year-over-year. The inversion between the 2-year Treasury yield and 10-year Treasury yield narrowed to -56 basis points at March month-end versus -90 basis points at February month-end. The average historical spread (since 2003)is about +130 basis points. The inversion between 3- month and 10-year Treasuries widened to -128 in March from -89 basis points in February. The shape of the yield curve indicates that the probability of recession is increasing.
12 Section 2|SECTION |
Section 2 |
Account Profile
13 Objectives
Chandler Asset Management Performance Objective
The performance objective for the portfolio is to earn a total rate of return through a market cycle that is equal to or above the return on the benchmark index.

Investment Objectives
The investment objectives for the City of Vallejo, in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs, and a market rate of return consistent with the investment program.

Strategy
In order to achieve this objective, the portfolio invests in high-quality fixed income securities that comply with the investment policy and all regulations governing the funds.

As of March 31, 2023
14 Compliance As of March 31, 2023
Category Standard Comment
U.S. Treasuries No limit; 5 years max maturity Complies Federal Agencies
50% max; 30% max per Agency/GSE issuer; 20% max agency callable securities; 5 years max maturity; Allowable securities include: 1) Issues which are backed by the full faith and credit of the U.S., and 2) Issues which are implicitly backed by the full faith and credit of the U.S. and/or are in conservatorship.

Complies
Supranational Obligations AA rating category or higher by a NRSRO; 30% max; 10% max per issuer; 5 years max maturity; USD denominated senior unsecured unsubordinated obligations; Issued or unconditionally guaranteed by IBRD, IFC, or IADB Complies Municipal Securities (CA, Other States) "A" rating category or better by a NRSRO; 10% max; 5% max per issuer; 5 years max maturity Complies Corporate Medium Term Notes "A" rating category or higher by a NRSRO; 30% max; 5% max per issuer; 5 years max maturity; Issued by corporations organized and operating in the U.S. or by depository institutions licensed by the U.S. Complies Asset-Backed, Mortgage-Backed
Securities, and Collateralized Mortgage
Obligations
"AA" rating category or better by a NRSRO; 20% max (combined with ABS/MBS/CMO); 5% max per Asset-Backed or Commercial Mortgage security issuer; From Issuers not defined in sections A-D (Treasuries, Agencies) of the authorized investments; 5 years max maturity
Complies
Negotiable Certificates of Deposit
(NCD)
The amount of NCD insured up to the FDIC limit does not require any credit ratings; Any amount above FDIC insured limit must be issued by institutions with "A-1" short-term debt rating or better by a NRSRO; or "A" long-term rating category or better by a NRSRO; 30% max; 5% max per issuer; 5 years max maturity Complies
Certificates of Deposit (CDs)
20% max; CDs >$250k must be collateralized 110%; 5 years max maturity; All institutions must (1) have a minimum of $100 million in assets; (2) have a demonstrated history of positive earnings; and (3) must carry a minimum 3.5% equity ratio and hold that ratio for at least one year prior to the City's investment. All institutions must be located within the State of California; For collateralized or NCDs, institution must have a minimum $1 billion in assets.

Complies
Banker’s Acceptances "A-1" rated or better by a NRSRO; or "A" long-term debt rated category or better by a NRSRO; 40% max, 5% max per issuer; 180 days max maturity Complies
Commercial Paper
"A-1" rated or better by a NRSRO; and Issued by corporations with long-term debt rating of "A" or better by a NRSRO; 25% max; 40% max in Commercial Paper if the City's investment AUM are >$100 million, under a provision sunsetting on January 1, 2026; $1million max per issuing corporation; 5% max per issuer; 10% max of the outstanding commercial paper of any issuer; 270 days max maturity; Notes are secured promissory notes of industrial corporations, utilities and bank holding companies; Issuer must be a corporation organized and operating in the U.S. with assets >$500 million
Complies
Money Market Mutual Funds
Meet either of the following criteria: 1) Attained highest rating by two NRSROs; or 2) Retained an investment adviser registered or exempt from SEC registration with > 5 years experience and AUM >$500 million; 3) 10% max in Money Market Mutual Funds; 4) 5% max per issuer; 4 years max maturity Complies
City of Vallejo
Assets managed by Chandler Asset Management are in full compliance with state law and with the Client's investment policy. 15 Compliance As of March 31, 2023
Category Standard Comment
Mutual Funds
Meet either of the following criteria: 1) Attained highest rating by two NRSROs; or 2) Retained an investment adviser registered or exempt from SEC registration with > 5 years experience and AUM >$500 million; 3) 10% max in Mutual Funds; 4) 5% max per issuer; 4 years max maturity
Complies
Repurchase Agreements 20% max; 102% Collateralized; 1 year max maturity; Not used by Investment Adviser Complies Local Agency Investment Fund (LAIF) Maximum amount permitted by LAIF; 15 transactions limit per month, per account, per State policy Complies Local Government Investment
Pools(LGIP) No issuer limitation Complies
Equity Securities Only received by gift, bankruptcy, or in lieu of moneys due City Complies Social Responsibility No investment is to be made in a company that receives more than 51% of its gross revenues from the production or manufacture of fossil fuels, weapons, manufacturing, cigarettes, alcohol, or gaming products Complies Max Per Issuer 5% max per issuer unless otherwise specified in the policy Complies Max Per Asset Class 50% max per asset class of the portfolio (except U.S. Treasuries and authorized Pools) Complies Weighted Average Maturity 3 years Complies
Maximum Maturity 5 years Complies
City of Vallejo
Assets managed by Chandler Asset Management are in full compliance with state law and with the Client's investment policy. 16 Portfolio Characteristics
City of Vallejo Consolidated
03/31/23
Portfolio
12/31/22
Portfolio
Average Maturity (yrs) 1.30 1.57
Modified Duration 1.14 1.36
Average Purchase Yield 2.84% 2.03%
Average Market Yield 4.07% 3.76%
Average Quality* AA+/Aa1 AA/Aa1
Total Market Value 202,902,970 160,907,082
*Portfolio is S&P and Moody’s, respectively.

As of March 31, 2023
17 City of Vallejo Consolidated
Sector Distribution
ABS

4.8%
Agency

11.5%
CMO

0.4%
Corporate

12.4%
LAIF

27.7%
Money Market
Fund

1.4%
US Treasury

41.9%
March 31, 2023 December 31, 2022
ABS

6.5%
Agency

14.0%
CMO

0.5%
Corporate

16.2%
LAIF

34.7%
Money Market
Fund

1.6%
US Treasury

26.6%
As of March 31, 2023
18 0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ March 31, 2023 December 31, 2022
March 31, 2023 vs. December 31, 2022
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ 03/31/23 39.9% 11.3% 6.6% 20.8% 9.4% 9.3% 2.8% 0.0%
12/31/22 38.6% 1.6% 5.0% 22.2% 17.4% 10.1% 5.0% 0.0%
City of Vallejo Consolidated
Duration Distribution As of March 31, 2023
19 AAA AA A <A NR
03/31/23 24.9% 35.9% 10.0% 0.1% 29.1%
12/31/22 6.6% 43.4% 13.2% 0.1% 36.7%
Source: S&P Ratings
March 31, 2023 vs. December 31, 2022

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

50.0%
AAA AA A <A NR
03/31/23 12/31/22
Quality Distribution
City of Vallejo Consolidated
As of March 31, 2023
20 Purchase Yield as of 03/31/23 = 2.84%

0.00 0.50

1.00 1.50

2.00 2.50

3.00 Percent (%)
Historical Average Purchase Yield
City of Vallejo Consolidated
As of March 31, 2023
21 Portfolio Characteristics
City of Vallejo Bond Proceeds
03/31/23
Portfolio
12/31/22
Portfolio
Average Maturity (yrs) 0.53 0.69
Modified Duration 0.52 0.67
Average Purchase Yield 1.81% 0.72%
Average Market Yield 4.63% 4.52%
Average Quality* AAA/Aaa AA+/Aaa
Total Market Value 46,434,190 47,726,003
*Portfolio is S&P and Moody’s, respectively.

As of March 31, 2023
22 City of Vallejo Bond Proceeds
Sector Distribution
Money Market
Fund

11.2%
Negotiable CD

4.4%
US Treasury

84.4%
March 31, 2023 December 31, 2022
Money Market
Fund

3.1% Negotiable CD

4.2%
US Treasury

92.6%
As of March 31, 2023
23 0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ March 31, 2023 December 31, 2022
March 31, 2023 vs. December 31, 2022
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ 03/31/23 39.4% 25.6% 18.7% 16.4% 0.0% 0.0% 0.0% 0.0%
12/31/22 31.3% 10.3% 24.7% 33.7% 0.0% 0.0% 0.0% 0.0%
City of Vallejo Bond Proceeds
Duration Distribution As of March 31, 2023
24 AAA AA A <A NR
03/31/23 33.1% 66.9% 0.0% 0.0% 0.0%
12/31/22 7.4% 92.6% 0.0% 0.0% 0.0%
Source: S&P Ratings
March 31, 2023 vs. December 31, 2022

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%
100.0%
AAA AA A <A NR
03/31/23 12/31/22
Quality Distribution
City of Vallejo Bond Proceeds
As of March 31, 2023
25 Important Disclosures
2023 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Source ICE Data Indices, LLC ("ICE"), used with permission. ICE permits use of the ICE indices and related data on an "as is" basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an "as is" basis and licensee's use it at licensee's own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.

Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively.

As of March 31, 2023
26 Benchmark Disclosures
ICE BofA 1-Yr US Treasury Bill Index
The ICE BofA US 1-Year Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. At the end of the month that issue is sold and rolled into a newly selected issue. The issue selected at each month-end rebalancing is the outstanding Treasury Bill that matures closest to, but not beyond, twelve months from the rebalancing date.

ICE BofA 1-5 Yr US Treasury & Agency Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

As of March 31, 2023
27 MONTHLY ACCOUNT STATEMENT
City of Vallejo Consolidated - Account #262
MARCH 1, 2023 THROUGH MARCH 31, 2023
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.

CHANDLER

ASSET MANAGEMENT
chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact
[email protected]

ACCOUNT SUMMARY
Beg. Values
as of
2/28/23
End Values
as of
3/31/23
Market Value
160,434,813
202,081,010
Accrued Interest
731,775
821,961
Total Market Value
161,166,588
202,902,970
Income Earned
272,284
316,155
Cont/WD
Par
166,464,426
207,547,406
Book Value
166,287,679
206,520,010
Cost Value
166,966,328
207,159,996

TOP ISSUERS
Government of United States

41.9%
Local Agency Investment Fund

27.7%
Federal Home Loan Bank

4.8%
Federal National Mortgage Assoc

4.3%
Federal Home Loan Mortgage Corp

2.5%
Wells Fargo Adv Tsy Plus Money

1.4%
JP Morgan Chase & Co

0.9%
Caterpillar Inc

0.9%
Total

84.4%

PORTFOLIO CHARACTERISTICS
Average Modified Duration

1.14 Average Coupon

2.77%
Average Purchase YTM

2.84%
Average Market YTM

4.07%
Average S&P/Moody Rating
AA+/Aa1
Average Final Maturity

1.30 yrs
Average Life

1.12 yrs

CREDIT QUALITY (S&P)

MATURITY DISTRIBUTION

SECTOR ALLOCATION
Portfolio Summary
As of March 31, 2023
City of Vallejo Consolidated
Account #262

PERFORMANCE REVIEW
Annualized

TOTAL RATE OF RETURN
1M
3M
YTD
1YR
2YRS
3YRS
5YRS
10YRS
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 1 ends

Holdings Report
As of March 31, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
43813RAC1
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
47,822.81
02/19/2020

1.62%
47,813.44
47,820.42

99.50 5.14%
47,585.23

21.39 0.02%
(
235.19
)
Aaa / NR
AAA

1.06 0.14
89232HAC9
Toyota Auto Receivable Own
2020
-A A
3 1.66%
Due
5/15/2024
71,604.25
06/17/2020

0.68%
73,254.51
72,078.73

99.72 5.58%
71,405.26

52.83 0.04%
(
673.47
)
Aaa / AAA
NR

1.13 0.07
65479JAD5
Nissan Auto Receivables Owner
2019
-C
A
3 1.93%
Due
7/15/2024
8,591.71
10/16/2019

1.94%
8,591.25
8,591.58

99.86 6.61%
8,579.70

7.37 0.00%
(

11.88 )
Aaa / AAA
NR

1.29 0.03
47789KAC7
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
50,172.09
03/04/2020

1.11%
50,169.03
50,171.14

99.57 5.28%
49,954.19

24.53 0.02%
(
216.95
)
Aaa / NR
AAA

1.38 0.10
89237VAB5
Toyota Auto Receivables Trust
2020
-C
A
3 0.44%
Due
10/15/2024
32,488.40
07/21/2020

0.44%
32,485.90
32,487.49

98.86 5.36%
32,119.44

6.35 0.02%
(
368.05
)
Aaa / AAA
NR

1.55 0.23
43813KAC6
Honda Auto Receivables Trust
2020-3

A
3 0.37%
Due
10/18/2024
177,443.11
09/22/2020

0.38%
177,417.04
177,437.85

98.22 5.37%
174,283.91

23.71 0.09%
(
3,153.94
)

NR / AAA
AAA

1.55 0.35
47787NAC3
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
51,362.46
07/14/2020

0.52%
51,354.63
51,360.68

99.01 4.91%
50,851.45

11.64 0.03%
(
509.23
)
Aaa / NR
AAA

1.63 0.22
58769KAD6
Mercedes-Benz Auto Lease Trust
2021
-
B A
3 0.4%
Due
11/15/2024
419,797.85
06/22/2021

0.40%
419,766.16
419,788.00

97.75 5.76%
410,349.88

74.63 0.20%
(
9,438.12
)

NR / AAA
AAA

1.63 0.42
09690AAC7
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
207,290.38
09/08/2021

0.34%
207,268.98
207,283.48

98.01 5.83%
203,160.12

11.40 0.10%
(
4,123.36
)
Aaa / NR
AAA

1.74 0.36
92290BAA9
Verizon Owner Trust
2020
-B A

0.47%
Due
2/20/2025
226,961.16
08/04/2020

0.48%
226,913.50
226,941.24

98.86 5.33%
224,371.08

32.59 0.11%
(
2,570.16
)
Aaa / NR
AAA

1.90 0.23
36265MAC9
GM Financial Auto Lease Trust
2022-1

A
3 1.9%
Due
3/20/2025
640,000.00
02/15/2022

1.91%
639,994.50
639,997.31

97.34 5.41%
622,981.12
371.56

0.31%
(
17,016.19
)
Aaa / NR
AAA

1.97 0.76
05601XAC3
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
305,000.00
01/11/2022

1.11%
304,954.40
304,979.43

97.50 5.66%
297,385.07

55.92 0.15%
(
7,594.36
)

NR / AAA
AAA

1.99 0.55
44891RAC4
Hyundai Auto Receivables Trust
2020
-C
A
3 0.38%
Due
5/15/2025
246,967.86
10/20/2020

0.39%
246,910.98
246,952.75

97.64 5.92%
241,128.31

41.71 0.12%
(
5,824.44
)

NR / AAA
AAA

2.13 0.42
89240BAC2
Toyota Auto Receivables Owners
2021
-
A A
3 0.26%
Due
5/15/2025
116,543.50
02/02/2021

0.27%
116,521.87
116,536.83

97.46 5.57%
113,581.55

13.47 0.06%
(
2,955.28
)
Aaa / NR
AAA

2.13 0.48
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 2 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
36266FAC3
GM Financial Auto Lease Trust
2022-2

A
3 3.42%
Due
6/20/2025
390,000.00
05/03/2022

3.45%
389,959.32
389,975.83

98.23 5.24%
383,096.22
407.55

0.19%
(
6,879.61
)

NR / AAA
AAA

2.22 0.99
47788UAC6
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
176,732.96
03/02/2021

0.37%
176,698.99
176,718.42

96.78 5.63%
171,041.81

28.28 0.08%
(
5,676.61
)
Aaa / NR
AAA

2.46 0.61
44933LAC7
Hyundai Auto Receivables Trust
2021
-A
A
3 0.38%
Due
9/15/2025
308,494.61
04/20/2021

0.38%
308,462.16
308,482.66

97.24 5.26%
299,981.39

52.10 0.15%
(
8,501.27
)

NR / AAA
AAA

2.46 0.56
44934KAC8
Hyundai Auto Receivables Trust
2021
-B
A
3 0.38%
Due
1/15/2026
811,777.99
07/20/2021

0.39%
811,598.83
811,694.59

96.57 5.48%
783,971.35
137.10

0.39%
(
27,723.24
)

NR / AAA
AAA

2.80 0.67
43815GAC3
Honda Auto Receivables Trust
2021-4

A
3 0.88%
Due
1/21/2026
310,000.00
11/16/2021

0.89%
309,934.65
309,961.84

95.51 5.26%
296,080.38

75.78 0.15%
(
13,881.46
)
Aaa / NR
AAA

2.81 1.03
47789QAC4
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
390,000.00
07/13/2021

0.52%
389,965.21
389,981.37

95.67 5.59%
373,099.35

90.13 0.18%
(
16,882.02
)
Aaa / NR
AAA

2.96 0.86
44935FAD6
Hyundai Auto Receivables Trust
2021
-C
A
3 0.74%
Due
5/15/2026
220,000.00
11/09/2021

0.75%
219,950.90
219,972.16

95.40 5.49%
209,884.18

72.36 0.10%
(
10,087.98
)

NR / AAA
AAA

3.13 0.97
43815BAC4
Honda Auto Receivables Trust
2022-1

A
3 1.88%
Due
5/15/2026
500,000.00
02/15/2022

1.89%
499,924.80
499,950.48

95.88 4.95%
479,381.00
417.78

0.24%
(
20,569.48
)
Aaa / AAA
NR

3.13 1.36
05602RAD3
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
325,000.00
05/10/2022

3.23%
324,983.10
324,987.84

97.71 4.90%
317,571.48
173.88

0.16%
(
7,416.36
)
Aaa / AAA
NR

3.41 1.38
89238FAD5
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
335,000.00
04/07/2022

2.95%
334,992.16
334,994.49

97.02 4.97%
325,018.68
436.24

0.16%
(
9,975.81
)
Aaa / AAA
NR

3.46 1.48
362554AC1
GM Financial Securitized Term
2021-4

A
3 0.68%
Due
9/16/2026
235,000.00
10/13/2021

0.68%
234,994.01
234,996.55

94.86 5.77%
222,930.87

66.58 0.11%
(
12,065.68
)
Aaa / AAA
NR

3.47 1.02
47787JAC2
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
305,000.00
03/10/2022

2.34%
304,932.53
304,952.63

96.65 5.05%
294,791.96
314.49

0.15%
(
10,160.67
)
Aaa / NR
AAA

3.47 1.24
380146AC4
GM Financial Auto Receivables
2022-1

A
3 1.26%
Due
11/16/2026
200,000.00
01/11/2022

1.27%
199,982.62
199,988.88

95.01 5.68%
190,026.00
105.00

0.09%
(
9,962.88
)

NR / AAA
AAA

3.63 1.14
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 3 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
362585AC5
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027
300,000.00
04/05/2022

3.13%
299,937.30
299,954.98

96.84 5.16%
290,509.50
387.50

0.14%
(
9,445.48
)
Aaa / AAA
NR

3.88 1.56
47800AAC4
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027
400,000.00
07/12/2022

3.77%
399,961.80
399,969.26

98.07 4.89%
392,291.20
664.89

0.19%
(
7,678.06
)
Aaa / NR
AAA

3.88 1.72
02582JJT8
American Express Credit Trust
2022-2
A

3.39%
Due
5/17/2027
840,000.00
05/17/2022

3.42%
839,814.19
839,867.52

97.66 4.60%
820,318.80
1,265.60

0.40%
(
19,548.72
)

NR / AAA
AAA

4.13 1.99
92348KAV5
Verizon Master Trust
2022-5
A
1 A

3.72%
Due
7/20/2027
350,000.00
08/02/2022

3.75%
349,984.60
349,988.14

98.64 5.10%
345,223.20
397.83

0.17%
(
4,764.94
)

NR / AAA
AAA

4.31 1.32
58768PAC8
Mercedes-Benz Auto Receivables
2022-
1 A
3 5.21%
Due
8/16/2027
915,000.00
11/15/2022

5.28%
914,819.01
914,837.54
101.01

4.73%
924,280.85
2,118.73

0.46%
9,443.31
Aaa / AAA
NR

4.38 1.86
Total ABS
9,914,051.14

2.06%
9,914,312.37
9,913,702.11

5.23%
9,667,234.53
7,960.92

4.77%
(
246,467.58
)
Aaa / AAA
AAA

3.02 1.09
AGENCY
313384FC8
FHLB Discount Note

4.64%
Due
5/3/2023
750,000.00
02/02/2023

4.76%
741,300.00
741,300.00

98.84 4.76%
741,300.00
5,606.67

0.37%

0.00 P-
1 / A-
1 +
F-
1 +

0.09 0.09
3135G0V34
FNMA Note

2.5%
Due
2/5/2024
700,000.00
02/25/2019

2.59%
697,172.00
699,514.30

98.10 4.82%
686,688.80
2,722.22

0.34%
(
12,825.50
)
Aaa / AA+
AAA

0.85 0.82
3130A0XE5
FHLB Note

3.25%
Due
3/8/2024
750,000.00
08/19/2022

3.38%
748,537.50
748,537.50

98.58 4.81%
739,386.75
1,557.29

0.37%
(
9,150.75
)
Aaa / AA+
NR

0.94 0.91
3130A1XJ2
FHLB Note

2.875%
Due
6/14/2024
680,000.00
Various

1.96%
709,321.60
687,077.08

98.11 4.50%
667,152.76
5,810.70

0.33%
(
19,924.32
)
Aaa / AA+
NR

1.21 1.16
3133EKWV4
FFCB Note

1.85%
Due
7/26/2024
500,000.00
08/13/2019

1.65%
504,828.00
501,287.11

96.28 4.79%
481,415.50
1,670.14

0.24%
(
19,871.61
)
Aaa / AA+
AAA

1.32 1.27
3130A2UW4
FHLB Note

2.875%
Due
9/13/2024
500,000.00
10/10/2019

1.58%
530,505.00
509,003.98

98.07 4.26%
490,357.00
718.75

0.24%
(
18,646.98
)
Aaa / AA+
AAA

1.46 1.40
3135G0W66
FNMA Note

1.625%
Due
10/15/2024
500,000.00
11/08/2019

1.80%
495,850.00
498,701.25

96.09 4.28%
480,448.50
3,746.53

0.24%
(
18,252.75
)
Aaa / AA+
AAA

1.55 1.48
3130A3GE8
FHLB Note

2.75%
Due
12/13/2024
1,850,000.00
02/26/2020

1.26%
1,977,594.50
1,895,324.83

97.38 4.37%
1,801,487.45
15,262.50

0.90%
(
93,837.38
)
Aaa / AA+
NR

1.71 1.62
3135G0X24
FNMA Note

1.625%
Due
1/7/2025
1,835,000.00
01/08/2020

1.69%
1,829,146.35
1,832,923.62

95.59 4.24%
1,754,138.89
6,957.71

0.87%
(
78,784.73
)
Aaa / AA+
AAA

1.78 1.71
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 4 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
AGENCY
3137EAEP0
FHLMC Note

1.5%
Due
2/12/2025
2,040,000.00
02/13/2020

1.52%
2,038,429.20
2,039,412.13

95.19 4.21%
1,941,869.88
4,165.00

0.96%
(
97,542.25
)
Aaa / AA+
AAA

1.87 1.80
3130A4CH3
FHLB Note

2.375%
Due
3/14/2025
1,750,000.00
03/19/2020

1.18%
1,851,097.50
1,789,605.78

96.47 4.28%
1,688,265.25
1,962.67

0.83%
(
101,340.53
)
Aaa / AA+
AAA

1.96 1.88
3130AJHU6
FHLB Note

0.5%
Due
4/14/2025
1,900,000.00
05/28/2020

0.50%
1,899,601.00
1,899,833.32

93.02 4.11%
1,767,307.80
4,406.94

0.87%
(
132,525.52
)
Aaa / AA+
AAA

2.04 1.98
3135G03U5
FNMA Note

0.625%
Due
4/22/2025
805,000.00
04/22/2020

0.67%
803,341.70
804,316.31

92.98 4.22%
748,455.19
2,222.14

0.37%
(
55,861.12
)
Aaa / AA+
AAA

2.06 2.00
3135G04Z3
FNMA Note

0.5%
Due
6/17/2025
2,020,000.00
06/17/2020

0.54%
2,015,818.60
2,018,147.71

92.41 4.13%
1,866,704.22
2,917.78

0.92%
(
151,443.49
)
Aaa / AA+
AAA

2.22 2.15
3137EAEU9
FHLMC Note

0.375%
Due
7/21/2025
1,075,000.00
07/21/2020

0.48%
1,069,646.50
1,072,528.70

92.00 4.04%
989,032.25
783.85

0.49%
(
83,496.45
)
Aaa / AA+
AAA

2.31 2.25
3135G05X7
FNMA Note

0.375%
Due
8/25/2025
1,700,000.00
08/25/2020

0.47%
1,692,044.00
1,696,174.66

91.55 4.11%
1,556,409.50
637.50

0.77%
(
139,765.16
)
Aaa / AA+
AAA

2.41 2.34
3137EAEX3
FHLMC Note

0.375%
Due
9/23/2025
1,560,000.00
09/23/2020

0.44%
1,555,304.40
1,557,667.65

91.36 4.08%
1,425,223.80
130.00

0.70%
(
132,443.85
)
Aaa / AA+
AAA

2.48 2.42
3135G06G3
FNMA Note

0.5%
Due
11/7/2025
1,680,000.00
11/09/2020

0.57%
1,673,985.60
1,676,859.04

91.49 3.98%
1,537,047.12
3,360.00

0.76%
(
139,811.92
)
Aaa / AA+
AAA

2.61 2.53
3130ATUC9
FHLB Note

4.5%
Due
12/12/2025
1,800,000.00
02/08/2023

4.21%
1,813,572.00
1,812,904.52
100.75

4.20%
1,813,474.80
33,300.00

0.91%
570.28
Aaa / AA+
NR

2.70 2.47
Total Agency
24,395,000.00

1.45%
24,647,095.45
24,481,119.49

4.25%
23,176,165.46
97,938.39

11.47%
(
1,304,954.03
)
Aaa / AA+
AAA

1.95 1.87
CMO
3137BFE98

FHLMC K
041
A
2 3.171%
Due
10/25/2024
800,000.00
07/01/2021

0.72%
860,562.50
828,129.28

97.50 4.85%
779,974.40
2,114.00

0.39%
(
48,154.88
)
Aaa / AAA
AAA

1.57 1.40
Total CMO
800,000.00

0.72%
860,562.50
828,129.28

4.85%
779,974.40
2,114.00

0.39%
(
48,154.88
)
Aaa / AAA
AAA

1.57 1.40

CORPORATE
06406RAJ6
Bank of NY Mellon Corp Note

3.45%
Due
8/11/2023
250,000.00
08/03/2022

3.38%
250,162.50
250,162.50

99.32 5.35%
248,292.00
1,197.92

0.12%
(
1,870.50
)
A
1 / A
AA-

0.36 0.35
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 5 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
02665WCT6
American Honda Finance Note

3.55%
Due
1/12/2024
250,000.00
08/19/2022

3.50%
250,145.00
250,145.00

98.81 5.11%
247,032.00
1,947.57

0.12%
(
3,113.00
)
A
3 / A-
A

0.79 0.75
637432NL5
National Rural Utilities Callable Note
Cont
12/7/2023

2.95%
Due
2/7/2024
250,000.00
08/03/2022

3.40%
248,377.50
248,377.50

97.95 5.44%
244,876.50
1,106.25

0.12%
(
3,501.00
)
A
1 / A-
A+

0.86 0.82
437076BC5
Home Depot Callable Note Cont
11/15/2023

3.75%
Due
2/15/2024
250,000.00
09/26/2022

4.44%
247,712.50
247,712.50

99.03 4.90%
247,562.75
1,197.92

0.12%
(
149.75
)
A
2 / A
A

0.88 0.84
17275RAN2
Cisco Systems Note

3.625%
Due
3/4/2024
250,000.00
09/26/2022

4.42%
247,280.00
247,280.00

98.93 4.82%
247,317.00
679.69

0.12%

37.00 A
1 / AA-
NR

0.93 0.89
24422EUX5
John Deere Capital Corp Note

2.6%
Due
3/7/2024
250,000.00
09/26/2022

4.47%
243,532.50
243,532.50

97.86 4.97%
244,647.25
433.33

0.12%
1,114.75
A
2 / A
A+

0.94 0.90
89114QCB2
Toronto Dominion Bank Note

3.25%
Due
3/11/2024
1,100,000.00
06/05/2020

0.99%
1,191,586.00
1,123,046.81

97.92 5.54%
1,077,143.10
1,986.11

0.53%
(
45,903.71
)
A
1 / A
AA-

0.95 0.91
89114QCB2
Toronto Dominion Bank Note

3.25%
Due
3/11/2024
250,000.00
08/03/2022

3.52%
248,937.50
248,937.50

97.92 5.54%
244,805.25
451.39

0.12%
(
4,132.25
)
A
1 / A
AA-

0.95 0.91
20030NCR0
Comcast Corp Callable Note Cont
3/15/2024

3.7%
Due
4/15/2024
250,000.00
09/26/2022

4.65%
246,497.50
246,497.50

98.81 4.89%
247,017.50
4,265.28

0.12%
520.00
A
3 / A-
A-

1.04 0.99
89236TDW2
Toyota Motor Credit Corp Note

2.9%
Due
4/17/2024
250,000.00
08/19/2022

3.41%
247,965.00
247,965.00

97.87 5.02%
244,668.00
3,302.78

0.12%
(
3,297.00
)
A
1 / A+
A+

1.05 1.00
023135BW5
Amazon.com Inc Note

0.45%
Due
5/12/2024
755,000.00
05/10/2021

0.50%
753,897.70
754,590.66

95.84 4.31%
723,605.59
1,311.81

0.36%
(
30,985.07
)
A
1 / AA
AA-

1.12 1.09
91324PEB4
United Health Group Inc Callable Note
Cont
5/15/2022

0.55%
Due
5/15/2024
250,000.00
08/03/2022

3.15%
238,842.50
238,842.50

95.38 4.83%
238,442.00
519.44

0.12%
(
400.50
)
A
3 / A+
A

1.13 1.09
00440EAR8
Chubb INA Holdings Inc Note

3.35%
Due
5/15/2024
250,000.00
08/03/2022

3.30%
250,210.00
250,210.00

98.35 4.88%
245,875.50
3,163.89

0.12%
(
4,334.50
)
A
3 / A
A

1.13 1.07
747525AT0
Qualcomm Inc Callable Note Cont
3/20/2024

2.9%
Due
5/20/2024
1,150,000.00
12/05/2019

2.16%
1,184,626.50
1,157,842.47

98.11 4.62%
1,128,297.20
12,135.69

0.56%
(
29,545.27
)
A
2 / A
NR

1.14 1.09
747525AT0
Qualcomm Inc Callable Note Cont
3/20/2024

2.9%
Due
5/20/2024
250,000.00
09/26/2022

4.54%
243,577.50
243,577.50

98.11 4.62%
245,282.00
2,638.19

0.12%
1,704.50
A
2 / A
NR

1.14 1.09
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 6 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
02665WCZ2
American Honda Finance Note

2.4%
Due
6/27/2024
1,150,000.00
Various

2.31%
1,154,431.00
1,151,259.51

97.03 4.90%
1,115,861.10
7,206.67

0.55%
(
35,398.41
)
A
3 / A-
A

1.24 1.19
79466LAG9
Salesforce.com Inc Callable Note Cont
7/15/2022

0.625%
Due
7/15/2024
190,000.00
06/29/2021

0.64%
189,903.10
189,958.47

94.98 4.68%
180,459.72
250.69

0.09%
(
9,498.75
)
A
2 / A+
NR

1.29 1.25
78013XZU5
Royal Bank of Canada Note

2.55%
Due
7/16/2024
1,150,000.00
Various

2.26%
1,164,978.75
1,154,105.17

96.74 5.18%
1,112,565.20
6,109.38

0.55%
(
41,539.97
)
A
1 / A
AA-

1.30 1.24
46647PBS4
JP Morgan Chase & Co Callable Note
Cont
9/16/2023

0.653%
Due
9/16/2024
250,000.00
08/19/2022

4.82%
241,080.00
241,080.00

97.76 5.39%
244,394.75

68.02 0.12%
3,314.75
A
1 / A-
AA-

1.47 1.40
06051GJH3
Bank of America Corp Callable Note
Cont
10/24/2023

0.81%
Due
10/24/2024
250,000.00
08/19/2022

4.89%
240,467.50
240,467.50

97.19 5.60%
242,969.25
883.13

0.12%
2,501.75
A
2 / A-
AA-

1.57 1.49
14913Q3B3
Caterpillar Finl Service Note

2.15%
Due
11/8/2024
650,000.00
02/19/2020

1.83%
659,256.00
653,155.21

96.35 4.54%
626,269.80
5,551.18

0.31%
(
26,885.41
)
A
2 / A
A

1.61 1.54
90331HPL1
US Bank NA Callable Note Cont
12/21/2024

2.05%
Due
1/21/2025
1,150,000.00
01/16/2020

2.10%
1,147,550.50
1,149,113.78

94.19 5.47%
1,083,208.00
4,584.03

0.54%
(
65,905.78
)
A
1 / AA-
AA-

1.81 1.73
00440EAS6
Chubb INA Holdings Inc Note

3.15%
Due
3/15/2025
1,150,000.00
02/24/2021

0.83%
1,255,961.00
1,201,188.20

97.55 4.47%
1,121,860.65
1,610.00

0.55%
(
79,327.55
)
A
3 / A
A

1.96 1.87
06367WB85
Bank of Montreal Note

1.85%
Due
5/1/2025
1,150,000.00
03/24/2021

1.15%
1,182,257.50
1,166,398.10

93.66 5.10%
1,077,076.20
8,864.58

0.54%
(
89,321.90
)
A
2 / A-
AA-

2.09 1.99
14913R2V8
Caterpillar Financial Service Note

3.4%
Due
5/13/2025
445,000.00
05/10/2022

3.44%
444,434.85
444,601.40

97.96 4.42%
435,918.44
5,799.83

0.22%
(
8,682.96
)
A
2 / A
A

2.12 1.99
61747YEA9
Morgan Stanley Callable Note Cont
5/30/2024

0.79%
Due
5/30/2025
1,240,000.00
05/26/2021

0.77%
1,240,658.30
1,240,255.74

94.66 5.40%
1,173,746.80
3,292.54

0.58%
(
66,508.94
)
A
1 / A-
A+

2.17 2.07
78015K7H1
Royal Bank of Canada Note

1.15%
Due
6/10/2025
400,000.00
12/22/2021

1.43%
396,240.00
397,611.61

92.01 5.04%
368,056.00
1,418.33

0.18%
(
29,555.61
)
A
1 / A
AA-

2.20 2.11
63743HFE7
National Rural Utilities Note

3.45%
Due
6/15/2025
685,000.00
Various

3.55%
683,003.05
683,584.44

97.36 4.72%
666,940.66
6,958.46

0.33%
(
16,643.78
)
A
2 / A-
A

2.21 2.07
46647PBF2
JP Morgan Chase & Co Callable Note
1 X
10/15/2024

2.301%
Due
10/15/2025
1,150,000.00
11/13/2020

0.93%
1,210,363.50
1,173,798.77

95.62 5.29%
1,099,667.95
12,201.69

0.55%
(
74,130.82
)
A
1 / A-
AA-

2.55 1.47
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 7 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
46647PBK1
JP Morgan Chase & Co Callable Note
Cont
4/22/2025

2.083%
Due
4/22/2026
500,000.00
09/16/2021

1.17%
515,945.00
509,153.16

93.57 5.42%
467,866.00
4,599.96

0.23%
(
41,287.16
)
A
1 / A-
AA-

3.06 1.95
91324PEC2
United Health Group Inc Callable Note
Cont
4/15/2026

1.15%
Due
5/15/2026
1,245,000.00
Various

1.41%
1,231,472.05
1,235,377.73

90.93 4.29%
1,132,016.25
5,408.83

0.56%
(
103,361.48
)
A
3 / A+
A

3.13 2.99
89236TJK2
Toyota Motor Credit Corp Note

1.125%
Due
6/18/2026
810,000.00
06/15/2021

1.13%
809,643.60
809,770.86

90.18 4.44%
730,424.79
2,607.19

0.36%
(
79,346.07
)
A
1 / A+
A+

3.22 3.08
06051GJD2
Bank of America Corp Callable Note
Cont
6/19/2025

1.319%
Due
6/19/2026
500,000.00
09/16/2021

1.23%
501,675.00
500,991.78

91.41 5.48%
457,055.00
1,868.58

0.23%
(
43,936.78
)
A
2 / A-
AA-

3.22 2.13
931142ER0
Wal-Mart Stores Callable Note Cont
08/17/2026

1.05%
Due
9/17/2026
240,000.00
09/08/2021

1.09%
239,546.40
239,685.76

90.15 4.13%
216,351.36

98.00 0.11%
(
23,334.40
)
Aa
2 / AA
AA

3.47 3.33
87612EBM7
Target Corp Callable Note Cont
12/15/2026

1.95%
Due
1/15/2027
545,000.00
01/19/2022

1.99%
544,073.50
544,293.78

92.44 4.13%
503,793.10
2,243.58

0.25%
(
40,500.68
)
A
2 / A
A

3.80 3.58
808513BY0
Charles Schwab Corp Callable Note
Cont
2/3/2027

2.45%
Due
3/3/2027
1,000,000.00
Various

2.77%
985,444.30
988,499.24

89.57 5.44%
895,707.00
1,905.56

0.44%
(
92,792.24
)
A
2 / A
A

3.93 3.65
084664CZ2
Berkshire Hathaway Callable Note Cont
2/15/2027

2.3%
Due
3/15/2027
1,095,000.00
03/07/2022

2.30%
1,094,791.95
1,094,835.47

94.68 3.76%
1,036,721.91
1,119.33

0.51%
(
58,113.56
)
Aa
2 / AA
A+

3.96 3.72
023135CF1
Amazon.com Inc Callable Note Cont
3/13/2027

3.3%
Due
4/13/2027
750,000.00
04/25/2022

3.34%
748,702.50
748,945.24

96.76 4.18%
725,673.00
11,550.00

0.36%
(
23,272.24
)
A
1 / AA
AA-

4.04 3.67
74340XBN0
Prologis LP Callable Note Cont
2/15/2027

2.125%
Due
4/15/2027
1,000,000.00
11/09/2022

5.16%
881,290.00
891,446.22

91.19 4.54%
911,939.00
9,798.61

0.45%
20,492.78
A
3 / A
NR

4.04 3.76
927804GH1
Virginia Electric Power Corp Callable
Note Cont.
4/15/2027

3.75%
Due
5/15/2027
250,000.00
05/16/2022

3.82%
249,220.00
249,351.44

97.00 4.56%
242,496.75
3,541.67

0.12%
(
6,854.69
)
A
2 / BBB+
A

4.13 3.71
14913R3A3
Caterpillar Financial Service Note

3.6%
Due
8/12/2027
700,000.00
08/22/2022

3.81%
693,301.00
694,113.45

97.84 4.14%
684,907.30
3,430.00

0.34%
(
9,206.15
)
A
2 / A
A

4.37 3.97
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 8 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
931142EX7
Wal-Mart Stores Callable Note Cont
09/09/2027

3.95%
Due
9/9/2027
500,000.00
Various

3.98%
499,366.20
499,437.00

99.88 3.98%
499,388.00
1,206.94

0.25%
(

49.00 )
Aa
2 / AA
AA

4.45 3.96
Total Corporate
26,150,000.00

2.25%
26,298,406.75
26,091,198.97

4.82%
24,928,197.62
150,514.04

12.36%
(
1,163,001.35
)
A
2 / A
A+

2.31 2.10
LAIF
90LAIF$00
Local Agency Investment Fund State
Pool
55,761,469.98
Various

2.88%
55,761,469.98
55,761,469.98

1.00 2.88%
55,761,469.98
358,092.28

27.66%

0.00 NR / NR
NR

0.00 0.00
Total LAIF
55,761,469.98

2.88%
55,761,469.98
55,761,469.98

2.88%
55,761,469.98
358,092.28

27.66%

0.00 NR / NR
NR

0.00 0.00

MONEY MARKET FUND
94975H312
Wells Fargo Advantage Treasury Plus
MMF
1,074,363.11
Various

4.35%
1,074,363.11
1,074,363.11

1.00 4.35%
1,074,363.11

0.00 0.53%

0.00 Aaa / AAA
NR

0.00 0.00
94975H312
Wells Fargo Advantage Treasury Plus
MMF
1,852,521.89
Various

4.35%
1,852,521.89
1,852,521.89

1.00 4.35%
1,852,521.89

0.00 0.91%

0.00 Aaa / AAA
NR

0.00 0.00
Total Money Market Fund
2,926,885.00

4.35%
2,926,885.00
2,926,885.00

4.35%
2,926,885.00

0.00 1.44%

0.00 Aaa / AAA
NR

0.00 0.00

US TREASURY
912828R69
US Treasury Note

1.625%
Due
5/31/2023
1,000,000.00
Various

3.61%
989,228.52
989,228.52

99.50 4.58%
995,040.00
5,446.43

0.49%
5,811.48
Aaa / AA+
AAA

0.17 0.17
912796ZR3
US Treasury Bill

4.667%
Due
6/29/2023
20,000,000.00
03/30/2023

4.79%
19,766,650.00
19,766,650.00

98.83 4.79%
19,766,650.00
2,592.78

9.74%

0.00 P-
1 / A-
1 +
F-
1 +

0.25 0.24
912828S92
US Treasury Note

1.25%
Due
7/31/2023
1,000,000.00
Various

3.67%
982,666.01
982,666.01

98.84 4.73%
988,438.00
2,071.83

0.49%
5,771.99
Aaa / AA+
AAA

0.33 0.33
9128284X5
US Treasury Note

2.75%
Due
8/31/2023
1,000,000.00
Various

4.40%
987,685.55
987,685.55

99.21 4.68%
992,070.00
2,391.31

0.49%
4,384.45
Aaa / AA+
AAA

0.42 0.41
912796CS6
US Treasury Bill

4.685%
Due
9/28/2023
20,000,000.00
03/30/2023

4.86%
19,528,897.22
19,528,897.22

97.64 4.86%
19,528,897.22
2,602.78

9.63%

0.00 P-
1 / A-
1 +
F-
1 +

0.50 0.48
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 9 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
912828T91
US Treasury Note

1.625%
Due
10/31/2023
1,000,000.00
Various

3.76%
979,921.88
979,921.88

98.23 4.73%
982,344.00
6,823.20

0.49%
2,422.12
Aaa / AA+
AAA

0.59 0.57
91282CDM0
US Treasury Note

0.5%
Due
11/30/2023
1,000,000.00
03/06/2023

5.16%
966,875.00
966,875.00

97.25 4.73%
972,539.00
1,675.82

0.48%
5,664.00
Aaa / AA+
AAA

0.67 0.65
9128285Z9
US Treasury Note

2.5%
Due
1/31/2024
1,000,000.00
Various

3.75%
986,054.69
986,054.69

98.17 4.75%
981,719.00
4,143.64

0.49%
(
4,335.69
)
Aaa / AA+
AAA

0.84 0.81
912828B66
US Treasury Note

2.75%
Due
2/15/2024
1,000,000.00
Various

4.55%
978,632.81
978,632.81

98.32 4.72%
983,242.00
3,418.51

0.49%
4,609.19
Aaa / AA+
AAA

0.88 0.85
912828W48
US Treasury Note

2.125%
Due
2/29/2024
550,000.00
04/10/2019

2.29%
545,939.45
549,240.21

97.70 4.72%
537,367.05
1,016.30

0.27%
(
11,873.16
)
Aaa / AA+
AAA

0.92 0.89
912828W71
US Treasury Note

2.125%
Due
3/31/2024
500,000.00
04/23/2019

2.36%
494,472.66
498,881.04

97.59 4.61%
487,969.00

29.03 0.24%
(
10,912.04
)
Aaa / AA+
AAA

1.00 0.97
91282CEG2
US Treasury Note

2.25%
Due
3/31/2024
750,000.00
08/19/2022

3.29%
737,871.09
737,871.09

97.69 4.64%
732,685.50

46.11 0.36%
(
5,185.59
)
Aaa / AA+
AAA

1.00 0.97
91282CBV2
US Treasury Note

0.375%
Due
4/15/2024
750,000.00
09/26/2022

4.35%
705,791.02
705,791.02

95.71 4.64%
717,861.00
1,298.08

0.35%
12,069.98
Aaa / AA+
AAA

1.04 1.01
912828X70
US Treasury Note
2%
Due
4/30/2024
2,000,000.00
Various

1.43%
2,045,894.53
2,012,025.08

97.25 4.63%
1,945,078.00
16,795.58

0.97%
(
66,947.08
)
Aaa / AA+
AAA

1.08 1.04
912828WJ5
US Treasury Note

2.5%
Due
5/15/2024
2,000,000.00
Various

1.00%
2,125,234.37
2,032,966.28

97.80 4.53%
1,955,938.00
18,922.65

0.97%
(
77,028.28
)
Aaa / AA+
AAA

1.13 1.08
91282CER8
US Treasury Note

2.5%
Due
5/31/2024
750,000.00
08/19/2022

3.29%
739,863.28
739,863.28

97.76 4.49%
733,183.50
6,284.34

0.36%
(
6,679.78
)
Aaa / AA+
AAA

1.17 1.12
912828YH7
US Treasury Note

1.5%
Due
9/30/2024
2,000,000.00
Various

1.38%
2,010,562.50
2,003,654.32

95.95 4.32%
1,918,984.00

81.96 0.95%
(
84,670.32
)
Aaa / AA+
AAA

1.50 1.46
9128283J7
US Treasury Note

2.125%
Due
11/30/2024
2,000,000.00
Various

1.50%
2,058,496.09
2,020,164.12

96.64 4.23%
1,932,890.00
14,244.51

0.96%
(
87,274.12
)
Aaa / AA+
AAA

1.67 1.60
912828J27
US Treasury Note
2%
Due
2/15/2025
1,850,000.00
02/27/2020

1.07%
1,932,888.67
1,881,345.99

96.14 4.16%
1,778,601.10
4,599.45

0.88%
(
102,744.89
)
Aaa / AA+
AAA

1.88 1.81
9128283Z1
US Treasury Note

2.75%
Due
2/28/2025
700,000.00
03/05/2020

0.69%
770,519.53
727,084.15

97.53 4.10%
682,719.10
1,673.91

0.34%
(
44,365.05
)
Aaa / AA+
AAA

1.92 1.84
912828ZC7
US Treasury Note

1.125%
Due
2/28/2025
1,500,000.00
Various

0.50%
1,541,923.83
1,517,708.25

94.55 4.11%
1,418,320.50
1,467.40

0.70%
(
99,387.75
)
Aaa / AA+
AAA

1.92 1.86
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 10 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
91282CAZ4
US Treasury Note

0.375%
Due
11/30/2025
2,000,000.00
12/28/2020

0.38%
1,999,453.13
1,999,703.59

91.22 3.87%
1,824,376.00
2,513.74

0.90%
(
175,327.59
)
Aaa / AA+
AAA

2.67 2.60
91282CBC4
US Treasury Note

0.375%
Due
12/31/2025
2,000,000.00
01/27/2021

0.39%
1,998,125.00
1,998,951.96

91.15 3.79%
1,822,968.00
1,885.36

0.90%
(
175,983.96
)
Aaa / AA+
AAA

2.76 2.69
91282CBT7
US Treasury Note

0.75%
Due
3/31/2026
1,500,000.00
03/30/2021

0.91%
1,487,988.28
1,492,796.91

91.49 3.78%
1,372,324.50

30.74 0.68%
(
120,472.41
)
Aaa / AA+
AAA

3.00 2.92
91282CBW0
US Treasury Note

0.75%
Due
4/30/2026
1,000,000.00
04/29/2021

0.89%
993,398.44
995,932.77

91.16 3.82%
911,641.00
3,149.17

0.45%
(
84,291.77
)
Aaa / AA+
AAA

3.08 2.98
91282CCP4
US Treasury Note

0.625%
Due
7/31/2026
1,000,000.00
08/10/2021

0.82%
990,507.81
993,635.26

90.20 3.78%
902,031.00
1,035.91

0.45%
(
91,604.26
)
Aaa / AA+
AAA

3.34 3.24
91282CCW9
US Treasury Note

0.75%
Due
8/31/2026
2,250,000.00
Various

0.97%
2,226,699.22
2,233,569.03

90.38 3.78%
2,033,437.50
1,467.39

1.00%
(
200,131.53
)
Aaa / AA+
AAA

3.42 3.31
91282CDG3
US Treasury Note

1.125%
Due
10/31/2026
3,000,000.00
Various

1.27%
2,979,511.72
2,985,027.49

91.21 3.77%
2,736,210.00
14,171.28

1.36%
(
248,817.49
)
Aaa / AA+
AAA

3.59 3.44
912828Z78
US Treasury Note

1.5%
Due
1/31/2027
500,000.00
03/30/2022

2.46%
478,320.31
482,810.84

92.06 3.74%
460,312.50
1,243.09

0.23%
(
22,498.34
)
Aaa / AA+
AAA

3.84 3.66
912828V98
US Treasury Note

2.25%
Due
2/15/2027
1,250,000.00
02/06/2023

3.92%
1,173,095.70
1,175,870.33

94.74 3.72%
1,184,228.75
3,496.20

0.59%
8,358.42
Aaa / AA+
AAA

3.88 3.65
91282CEF4
US Treasury Note

2.5%
Due
3/31/2027
1,250,000.00
09/27/2022

4.26%
1,160,839.84
1,170,866.97

95.51 3.72%
1,193,847.50

85.38 0.59%
22,980.53
Aaa / AA+
AAA

4.00 3.76
91282CEN7
US Treasury Note

2.75%
Due
4/30/2027
2,500,000.00
Various

3.23%
2,445,792.97
2,454,696.92

96.38 3.71%
2,409,472.50
28,867.40

1.20%
(
45,224.42
)
Aaa / AA+
AAA

4.08 3.77
91282CEW7
US Treasury Note

3.25%
Due
6/30/2027
1,400,000.00
07/12/2022

3.00%
1,416,296.88
1,413,941.79

98.27 3.69%
1,375,827.60
11,437.85

0.68%
(
38,114.19
)
Aaa / AA+
AAA

4.25 3.90
91282CFH9
US Treasury Note

3.125%
Due
8/31/2027
1,000,000.00
09/08/2022

3.36%
989,101.56
990,325.16

97.81 3.67%
978,125.00
2,717.39

0.48%
(
12,200.16
)
Aaa / AA+
AAA

4.42 4.07
91282CFM8
US Treasury Note

4.125%
Due
9/30/2027
1,000,000.00
10/28/2022

4.20%
996,875.00
997,139.62
101.88

3.67%
1,018,828.00
112.70

0.50%
21,688.38
Aaa / AA+
AAA

4.50 4.08
91282CFU0
US Treasury Note

4.125%
Due
10/31/2027
1,100,000.00
12/20/2022

3.84%
1,113,750.00
1,112,967.61
101.92

3.67%
1,121,098.00
19,052.49

0.56%
8,130.39
Aaa / AA+
AAA

4.59 4.08
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 11 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
91282CGC9
US Treasury Note

3.875%
Due
12/31/2027
1,250,000.00
01/26/2023

3.62%
1,264,355.47
1,263,844.77
101.05

3.63%
1,263,135.00
12,176.28

0.63%
(
709.77
)
Aaa / AA+
AAA

4.76 4.27
9128283W8
US Treasury Note

2.75%
Due
2/15/2028
1,250,000.00
03/08/2023

4.37%
1,161,083.98
1,162,217.61

96.05 3.64%
1,200,683.75
4,273.14

0.59%
38,466.14
Aaa / AA+
AAA

4.88 4.49
Total US Treasury
87,600,000.00

3.44%
86,751,264.01
86,517,505.14

4.43%
84,841,082.57
205,341.13

41.91%
(
1,676,422.57
)
Aaa / AAA
AAA

1.52 1.44

TOTAL PORTFOLIO
207,547,406.12

2.84%
207,159,996.06
206,520,009.97

4.07%
202,081,009.56
821,960.76
100.00%
(
4,439,000.41
)
Aa
1 / AA+
AAA

1.30 1.14

TOTAL MARKET VALUE PLUS ACCRUED
202,902,970.32
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 12 ends

Transaction Ledger
As of March 31, 2023
City of Vallejo Consolidated
Account #262
Transaction
Type
Settlement
Date
CUSIP
Quantity
Security Description
Price
Acq/Disp
Yield
Amount
Interest
Pur/Sold
Total Amount
Gain/Loss

ACQUISITIONS
Purchase
03/01/2023
94975H312
1,123.55
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
1,123.55

0.00 1,123.55

0.00 Purchase
03/01/2023
94975H312
6,596.79
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
6,596.79

0.00 6,596.79

0.00 Purchase
03/03/2023
94975H312
12,250.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
12,250.00

0.00 12,250.00

0.00 Purchase
03/04/2023
94975H312
4,531.25
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
4,531.25

0.00 4,531.25

0.00 Purchase
03/05/2023
94975H312
20,412.50
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
20,412.50

0.00 20,412.50

0.00 Purchase
03/05/2023
94975H312
1,150,000.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
1,150,000.00

0.00 1,150,000.00

0.00 Purchase
03/07/2023
9128284X5
250,000.00
US Treasury Note

2.75%
Due
8/31/2023

98.906

5.08%
247,265.63
130.77
247,396.40

0.00 Purchase
03/07/2023
9128285Z9
250,000.00
US Treasury Note

2.5%
Due
1/31/2024

97.656

5.19%
244,140.63
604.28
244,744.91

0.00 Purchase
03/07/2023
912828B66
250,000.00
US Treasury Note

2.75%
Due
2/15/2024

97.770

5.20%
244,423.83
379.83
244,803.66

0.00 Purchase
03/07/2023
912828R69
250,000.00
US Treasury Note

1.625%
Due
5/31/2023

99.254

4.84%
248,134.77
1,082.59
249,217.36

0.00 Purchase
03/07/2023
912828S92
250,000.00
US Treasury Note

1.25%
Due
7/31/2023

98.516

5.00%
246,289.06
302.14
246,591.20

0.00 Purchase
03/07/2023
912828T91
250,000.00
US Treasury Note

1.625%
Due
10/31/2023

97.770

5.16%
244,423.83
1,425.24
245,849.07

0.00 Purchase
03/07/2023
91282CDM0
1,000,000.00
US Treasury Note

0.5%
Due
11/30/2023

96.688

5.16%
966,875.00
1,332.42
968,207.42

0.00 Purchase
03/07/2023
94975H312
3,250.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
3,250.00

0.00 3,250.00

0.00 Purchase
03/08/2023
94975H312
12,187.50
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
12,187.50

0.00 12,187.50

0.00 Purchase
03/09/2023
9128283W8
1,250,000.00
US Treasury Note

2.75%
Due
2/15/2028

92.887

4.37%
1,161,083.98
2,089.09
1,163,173.07

0.00 Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 13 ends

ACQUISITIONS
Purchase
03/09/2023
94975H312
9,875.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
9,875.00

0.00 9,875.00

0.00 Purchase
03/11/2023
94975H312
17,875.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
17,875.00

0.00 17,875.00

0.00 Purchase
03/11/2023
94975H312
4,062.50
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
4,062.50

0.00 4,062.50

0.00 Purchase
03/13/2023
94975H312
7,187.50
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
7,187.50

0.00 7,187.50

0.00 Purchase
03/14/2023
94975H312
20,781.25
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
20,781.25

0.00 20,781.25

0.00 Purchase
03/15/2023
94975H312
30,705.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
30,705.00

0.00 30,705.00

0.00 Purchase
03/15/2023
94975H312
169.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
169.00

0.00 169.00

0.00 Purchase
03/15/2023
94975H312
1,246.67
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
1,246.67

0.00 1,246.67

0.00 Purchase
03/15/2023
94975H312
3,972.63
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
3,972.63

0.00 3,972.63

0.00 Purchase
03/15/2023
94975H312
817.96
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
817.96

0.00 817.96

0.00 Purchase
03/15/2023
94975H312
2,373.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
2,373.00

0.00 2,373.00

0.00 Purchase
03/15/2023
94975H312
783.33
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
783.33

0.00 783.33

0.00 Purchase
03/15/2023
94975H312
135.67
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
135.67

0.00 135.67

0.00 Purchase
03/15/2023
94975H312
589.67
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
589.67

0.00 589.67

0.00 Purchase
03/15/2023
94975H312
22,909.01
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
22,909.01

0.00 22,909.01

0.00 Purchase
03/15/2023
94975H312
22,797.19
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
22,797.19

0.00 22,797.19

0.00 Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 14 ends

ACQUISITIONS
Purchase
03/15/2023
94975H312
28,488.01
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
28,488.01

0.00 28,488.01

0.00 Purchase
03/15/2023
94975H312
9,375.39
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
9,375.39

0.00 9,375.39

0.00 Purchase
03/15/2023
94975H312
10,814.96
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
10,814.96

0.00 10,814.96

0.00 Purchase
03/15/2023
94975H312
14,546.57
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
14,546.57

0.00 14,546.57

0.00 Purchase
03/15/2023
94975H312
30,563.46
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
30,563.46

0.00 30,563.46

0.00 Purchase
03/15/2023
94975H312
10,472.29
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
10,472.29

0.00 10,472.29

0.00 Purchase
03/15/2023
94975H312
34,793.26
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
34,793.26

0.00 34,793.26

0.00 Purchase
03/15/2023
94975H312
5,512.66
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
5,512.66

0.00 5,512.66

0.00 Purchase
03/15/2023
94975H312
10,053.89
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
10,053.89

0.00 10,053.89

0.00 Purchase
03/16/2023
94975H312
816.25
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
816.25

0.00 816.25

0.00 Purchase
03/16/2023
94975H312
133.17
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
133.17

0.00 133.17

0.00 Purchase
03/16/2023
94975H312
775.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
775.00

0.00 775.00

0.00 Purchase
03/16/2023
94975H312
210.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
210.00

0.00 210.00

0.00 Purchase
03/17/2023
94975H312
1,260.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
1,260.00

0.00 1,260.00

0.00 Purchase
03/20/2023
94975H312
1,013.33
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
1,013.33

0.00 1,013.33

0.00 Purchase
03/20/2023
94975H312
1,111.50
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
1,111.50

0.00 1,111.50

0.00 Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 15 ends

ACQUISITIONS
Purchase
03/20/2023
94975H312
1,085.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
1,085.00

0.00 1,085.00

0.00 Purchase
03/20/2023
94975H312
22,716.82
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
22,716.82

0.00 22,716.82

0.00 Purchase
03/20/2023
94975H312
47,271.17
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
47,271.17

0.00 47,271.17

0.00 Purchase
03/21/2023
94975H312
227.33
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
227.33

0.00 227.33

0.00 Purchase
03/21/2023
94975H312
15,403.02
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
15,403.02

0.00 15,403.02

0.00 Purchase
03/23/2023
94975H312
2,925.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
2,925.00

0.00 2,925.00

0.00 Purchase
03/27/2023
94975H312
279.58
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
279.58

0.00 279.58

0.00 Purchase
03/27/2023
94975H312
869.38
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
869.38

0.00 869.38

0.00 Purchase
03/27/2023
94975H312
2,114.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
2,114.00

0.00 2,114.00

0.00 Purchase
03/27/2023
94975H312
24,423.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
24,423.00

0.00 24,423.00

0.00 Purchase
03/31/2023
912796CS6
20,000,000.00
US Treasury Bill

4.685%
Due
9/28/2023

97.644

4.86%
19,528,897.22

0.00 19,528,897.22

0.00 Purchase
03/31/2023
912796ZR3
20,000,000.00
US Treasury Bill

4.667%
Due
6/29/2023

98.833

4.79%
19,766,650.00

0.00 19,766,650.00

0.00 Purchase
03/31/2023
94975H312
750,000.00
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.35%
750,000.00

0.00 750,000.00

0.00 Purchase
03/31/2023
94975H312
62,187.50
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.35%
62,187.50

0.00 62,187.50

0.00 Purchase
03/31/2023
94975H312
8,906.25
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.35%
8,906.25

0.00 8,906.25

0.00 Subtotal
46,204,979.76
45,353,163.71
7,346.36
45,360,510.07

0.00 Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 16 ends

ACQUISITIONS
Security
Contribution
03/14/2023
94975H312
9,000,000.00
Wells Fargo Advantage Treasury Plus
MMF

1.000
9,000,000.00

0.00 9,000,000.00

0.00 Security
Contribution
03/14/2023
94975H312
9,000,000.00
Wells Fargo Advantage Treasury Plus
MMF

1.000
9,000,000.00

0.00 9,000,000.00

0.00 Security
Contribution
03/15/2023
94975H312
9,000,000.00
Wells Fargo Advantage Treasury Plus
MMF

1.000
9,000,000.00

0.00 9,000,000.00

0.00 Security
Contribution
03/17/2023
94975H312
9,000,000.00
Wells Fargo Advantage Treasury Plus
MMF

1.000
9,000,000.00

0.00 9,000,000.00

0.00 Security
Contribution
03/17/2023
94975H312
4,000,000.00
Wells Fargo Advantage Treasury Plus
MMF

1.000
4,000,000.00

0.00 4,000,000.00

0.00 Subtotal
40,000,000.00
40,000,000.00

0.00 40,000,000.00

0.00 TOTAL ACQUISITIONS
86,204,979.76
85,353,163.71
7,346.36
85,360,510.07

0.00 DISPOSITIONS
Sale
03/07/2023
94975H312
2,446,810.02
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
2,446,810.02

0.00 2,446,810.02

0.00 Sale
03/09/2023
94975H312
1,163,173.07
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.14%
1,163,173.07

0.00 1,163,173.07

0.00 Sale
03/31/2023
94975H312
39,295,547.22
Wells Fargo Advantage Treasury Plus
MMF

1.000

4.35%
39,295,547.22

0.00 39,295,547.22

0.00 Subtotal
42,905,530.31
42,905,530.31

0.00 42,905,530.31

0.00 Call
03/05/2023
06051GHF9
1,150,000.00
Bank of America Corp Callable Note 1X
3/5/2023Due 3/5/2024
100.000

2.11%
1,150,000.00

0.00 1,150,000.00

0.00 Subtotal
1,150,000.00
1,150,000.00

0.00 1,150,000.00

0.00 Paydown
03/15/2023
02582JJT8

0.00 American Express Credit Trust
2022-2
A

3.39%
Due
5/17/2027
100.000

0.00 2,373.00
2,373.00

0.00 Paydown
03/15/2023
43815BAC4

0.00 Honda Auto Receivables Trust
2022-1

A
3 1.88%
Due
5/15/2026
100.000

0.00 783.33
783.33

0.00 Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 17 ends

DISPOSITIONS
Paydown
03/15/2023
44891RAC4
22,823.58
Hyundai Auto Receivables Trust
2020
-C
A
3 0.38%
Due
5/15/2025
100.000
22,823.58

85.43 22,909.01

0.00 Paydown
03/15/2023
44933LAC7
22,692.31
Hyundai Auto Receivables Trust
2021
-A
A
3 0.38%
Due
9/15/2025
100.000
22,692.31
104.88
22,797.19

0.00 Paydown
03/15/2023
44934KAC8
28,222.01
Hyundai Auto Receivables Trust
2021
-B
A
3 0.38%
Due
1/15/2026
100.000
28,222.01
266.00
28,488.01

0.00 Paydown
03/15/2023
44935FAD6

0.00 Hyundai Auto Receivables Trust
2021
-C
A
3 0.74%
Due
5/15/2026
100.000

0.00 135.67
135.67

0.00 Paydown
03/15/2023
47787JAC2

0.00 John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
100.000

0.00 589.67
589.67

0.00 Paydown
03/15/2023
47787NAC3
9,349.59
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
100.000
9,349.59

25.80 9,375.39

0.00 Paydown
03/15/2023
47788UAC6
10,758.71
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
100.000
10,758.71

56.25 10,814.96

0.00 Paydown
03/15/2023
47789KAC7
14,487.30
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
100.000
14,487.30

59.27 14,546.57

0.00 Paydown
03/15/2023
47789QAC4

0.00 John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
100.000

0.00 169.00
169.00

0.00 Paydown
03/15/2023
47800AAC4

0.00 John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027
100.000

0.00 1,246.67
1,246.67

0.00 Paydown
03/15/2023
58768PAC8

0.00 Mercedes-Benz Auto Receivables
2022-
1 A
3 5.21%
Due
8/16/2027
100.000

0.00 3,972.63
3,972.63

0.00 Paydown
03/15/2023
58769KAD6
30,413.39
Mercedes-Benz Auto Lease Trust
2021
-
B A
3 0.4%
Due
11/15/2024
100.000
30,413.39
150.07
30,563.46

0.00 Paydown
03/15/2023
65479JAD5
10,441.68
Nissan Auto Receivables Owner
2019
-C
A
3 1.93%
Due
7/15/2024
100.000
10,441.68

30.61 10,472.29

0.00 Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 18 ends

DISPOSITIONS
Paydown
03/15/2023
89232HAC9
34,646.28
Toyota Auto Receivable Own
2020
-A A
3 1.66%
Due
5/15/2024
100.000
34,646.28
146.98
34,793.26

0.00 Paydown
03/15/2023
89237VAB5
5,498.73
Toyota Auto Receivables Trust
2020
-C
A
3 0.44%
Due
10/15/2024
100.000
5,498.73

13.93 5,512.66

0.00 Paydown
03/15/2023
89238FAD5

0.00 Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
100.000

0.00 817.96
817.96

0.00 Paydown
03/15/2023
89240BAC2
10,026.47
Toyota Auto Receivables Owners
2021
-
A A
3 0.26%
Due
5/15/2025
100.000
10,026.47

27.42 10,053.89

0.00 Paydown
03/16/2023
362554AC1

0.00 GM Financial Securitized Term
2021-4

A
3 0.68%
Due
9/16/2026
100.000

0.00 133.17
133.17

0.00 Paydown
03/16/2023
362585AC5

0.00 GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027
100.000

0.00 775.00
775.00

0.00 Paydown
03/16/2023
380146AC4

0.00 GM Financial Auto Receivables
2022-1

A
3 1.26%
Due
11/16/2026
100.000

0.00 210.00
210.00

0.00 Paydown
03/20/2023
36265MAC9

0.00 GM Financial Auto Lease Trust
2022-1

A
3 1.9%
Due
3/20/2025
100.000

0.00 1,013.33
1,013.33

0.00 Paydown
03/20/2023
36266FAC3

0.00 GM Financial Auto Lease Trust
2022-2

A
3 3.42%
Due
6/20/2025
100.000

0.00 1,111.50
1,111.50

0.00 Paydown
03/20/2023
43813KAC6
22,655.12
Honda Auto Receivables Trust
2020-3

A
3 0.37%
Due
10/18/2024
100.000
22,655.12

61.70 22,716.82

0.00 Paydown
03/20/2023
92290BAA9
47,163.80
Verizon Owner Trust
2020
-B A

0.47%
Due
2/20/2025
100.000
47,163.80
107.37
47,271.17

0.00 Paydown
03/20/2023
92348KAV5

0.00 Verizon Master Trust
2022-5
A
1 A

3.72%
Due
7/20/2027
100.000

0.00 1,085.00
1,085.00

0.00 Paydown
03/21/2023
43813RAC1
15,318.31
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
100.000
15,318.31

84.71 15,403.02

0.00 Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 19 ends

DISPOSITIONS
Paydown
03/21/2023
43815GAC3

0.00 Honda Auto Receivables Trust
2021-4

A
3 0.88%
Due
1/21/2026
100.000

0.00 227.33
227.33

0.00 Paydown
03/27/2023
05601XAC3

0.00 BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
100.000

0.00 279.58
279.58

0.00 Paydown
03/27/2023
05602RAD3

0.00 BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
100.000

0.00 869.38
869.38

0.00 Paydown
03/27/2023
09690AAC7
24,359.30
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
100.000
24,359.30

63.70 24,423.00

0.00 Paydown
03/27/2023
3137BFE98

0.00 FHLMC K
041
A
2 3.171%
Due
10/25/2024
100.000

0.00 2,114.00
2,114.00

0.00 Subtotal
308,856.58
308,856.58
19,190.34
328,046.92

0.00 Maturity
03/31/2023
91282CBU4
750,000.00
US Treasury Note

0.125%
Due
3/31/2023
100.000
750,000.00

0.00 750,000.00
13,974.61
Subtotal
750,000.00
750,000.00

0.00 750,000.00
13,974.61
Security
Withdrawal
03/02/2023
94975H312

1.37 Wells Fargo Advantage Treasury Plus
MMF

1.000

1.37 0.00

1.37 0.00
Security
Withdrawal
03/06/2023
94975H312
1,107.64
Wells Fargo Advantage Treasury Plus
MMF

1.000
1,107.64

0.00 1,107.64

0.00 Security
Withdrawal
03/06/2023
94975H312
6,503.38
Wells Fargo Advantage Treasury Plus
MMF

1.000
6,503.38

0.00 6,503.38

0.00 Subtotal
7,612.39
7,612.39

0.00 7,612.39

0.00 TOTAL DISPOSITIONS
45,121,999.28
45,121,999.28
19,190.34
45,141,189.62
13,974.61

OTHER TRANSACTIONS
Interest
03/03/2023
808513BY0
1,000,000.00
Charles Schwab Corp Callable Note
Cont
2/3/2027

2.45%
Due
3/3/2027

0.000
12,250.00

0.00 12,250.00

0.00 Interest
03/04/2023
17275RAN2
250,000.00
Cisco Systems Note

3.625%
Due
3/4/2024

0.000
4,531.25

0.00 4,531.25

0.00 Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 20 ends

OTHER TRANSACTIONS
Interest
03/05/2023
06051GHF9
1,150,000.00
Bank of America Corp Callable Note 1X
3/5/2023Due 3/5/2024

0.000
20,412.50

0.00 20,412.50

0.00 Interest
03/07/2023
24422EUX5
250,000.00
John Deere Capital Corp Note

2.6%
Due
3/7/2024

0.000
3,250.00

0.00 3,250.00

0.00 Interest
03/08/2023
3130A0XE5
750,000.00
FHLB Note

3.25%
Due
3/8/2024

0.000
12,187.50

0.00 12,187.50

0.00 Interest
03/09/2023
931142EX7
500,000.00
Wal-Mart Stores Callable Note Cont
09/09/2027

3.95%
Due
9/9/2027

0.000
9,875.00

0.00 9,875.00

0.00 Interest
03/11/2023
89114QCB2
1,100,000.00
Toronto Dominion Bank Note

3.25%
Due
3/11/2024

0.000
17,875.00

0.00 17,875.00

0.00 Interest
03/11/2023
89114QCB2
250,000.00
Toronto Dominion Bank Note

3.25%
Due
3/11/2024

0.000
4,062.50

0.00 4,062.50

0.00 Interest
03/13/2023
3130A2UW4
500,000.00
FHLB Note

2.875%
Due
9/13/2024

0.000
7,187.50

0.00 7,187.50

0.00 Interest
03/14/2023
3130A4CH3
1,750,000.00
FHLB Note

2.375%
Due
3/14/2025

0.000
20,781.25

0.00 20,781.25

0.00 Interest
03/15/2023
00440EAS6
1,150,000.00
Chubb INA Holdings Inc Note

3.15%
Due
3/15/2025

0.000
18,112.50

0.00 18,112.50

0.00 Interest
03/15/2023
084664CZ2
1,095,000.00
Berkshire Hathaway Callable Note Cont
2/15/2027

2.3%
Due
3/15/2027

0.000
12,592.50

0.00 12,592.50

0.00 Interest
03/16/2023
46647PBS4
250,000.00
JP Morgan Chase & Co Callable Note
Cont
9/16/2023

0.653%
Due
9/16/2024

0.000
816.25

0.00 816.25

0.00 Interest
03/17/2023
931142ER0
240,000.00
Wal-Mart Stores Callable Note Cont
08/17/2026

1.05%
Due
9/17/2026

0.000
1,260.00

0.00 1,260.00

0.00 Interest
03/23/2023
3137EAEX3
1,560,000.00
FHLMC Note

0.375%
Due
9/23/2025

0.000
2,925.00

0.00 2,925.00

0.00 Interest
03/31/2023
912828W71
500,000.00
US Treasury Note

2.125%
Due
3/31/2024

0.000
5,312.50

0.00 5,312.50

0.00 Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 21 ends

OTHER TRANSACTIONS
Interest
03/31/2023
912828YH7
2,000,000.00
US Treasury Note

1.5%
Due
9/30/2024

0.000
15,000.00

0.00 15,000.00

0.00 Interest
03/31/2023
91282CBT7
1,500,000.00
US Treasury Note

0.75%
Due
3/31/2026

0.000
5,625.00

0.00 5,625.00

0.00 Interest
03/31/2023
91282CBU4
750,000.00
US Treasury Note

0.125%
Due
3/31/2023

0.000
468.75

0.00 468.75

0.00 Interest
03/31/2023
91282CEF4
1,250,000.00
US Treasury Note

2.5%
Due
3/31/2027

0.000
15,625.00

0.00 15,625.00

0.00 Interest
03/31/2023
91282CEG2
750,000.00
US Treasury Note

2.25%
Due
3/31/2024

0.000
8,437.50

0.00 8,437.50

0.00 Interest
03/31/2023
91282CFM8
1,000,000.00
US Treasury Note

4.125%
Due
9/30/2027

0.000
20,625.00

0.00 20,625.00

0.00 Subtotal
19,545,000.00
219,212.50

0.00 219,212.50

0.00 Dividend
03/01/2023
94975H312
6,860,421.14
Wells Fargo Advantage Treasury Plus
MMF

0.000
1,123.55

0.00 1,123.55

0.00 Dividend
03/01/2023
94975H312
40,280,235.41
Wells Fargo Advantage Treasury Plus
MMF

0.000
6,596.79

0.00 6,596.79

0.00 Subtotal
47,140,656.55
7,720.34

0.00 7,720.34

0.00 TOTAL OTHER TRANSACTIONS
66,685,656.55
226,932.84

0.00 226,932.84

0.00 Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 22 ends

Income Earned
As of March 31, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

FIXED INCOME
00440EAR8
Chubb INA Holdings Inc
Note

3.35%
Due
05/15/2024
08/03/2022
08/05/2022
250,000.00
250,210.00

0.00 0.00
250,210.00
2,465.97

0.00 3,163.89
697.92

0.00 0.00

0.00 697.92
697.92
00440EAS6
Chubb INA Holdings Inc
Note

3.15%
Due
03/15/2025
02/24/2021
02/26/2021
1,150,000.00
1,203,410.65

0.00 0.00
1,201,188.20
16,703.75
18,112.50
1,610.00
3,018.75

0.00 2,222.45
(
2,222.45
)
796.30
796.30
023135BW5
Amazon.com Inc
Note

0.45%
Due
05/12/2024
05/10/2021
05/12/2021
755,000.00
754,559.48

0.00 0.00
754,590.66
1,028.69

0.00 1,311.81
283.12

31.18 0.00

31.18 314.30
314.30
023135CF1
Amazon.com Inc
Callable Note Cont
3/13/2027

3.3%
Due
04/13/2027
04/25/2022
04/27/2022
750,000.00
748,923.05

0.00 0.00
748,945.24
9,487.50

0.00 11,550.00
2,062.50

22.19 0.00

22.19 2,084.69
2,084.69
02582JJT8
American Express Credit Trust
2022-2
A

3.39%
Due
05/17/2027
05/17/2022
05/24/2022
840,000.00
839,862.22

0.00 0.00
839,867.52
1,265.60
2,373.00
1,265.60
2,373.00

5.30 0.00

5.30 2,378.30
2,378.30
02665WCT6
American Honda Finance
Note

3.55%
Due
01/12/2024
08/19/2022
08/23/2022
250,000.00
250,145.00

0.00 0.00
250,145.00
1,207.99

0.00 1,947.57
739.58

0.00 0.00

0.00 739.58
739.58
02665WCZ2
American Honda Finance
Note

2.4%
Due
06/27/2024
Various
Various
1,150,000.00
1,151,345.69

0.00 0.00
1,151,259.51
4,906.67

0.00 7,206.67
2,300.00

39.27 125.45
(

86.18 )
2,213.82
2,213.82
05601XAC3
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
03/25/2025
01/11/2022
01/19/2022
305,000.00
304,977.66

0.00 0.00
304,979.43

55.92 279.58

1.77 0.00

1.77 281.35
281.35
05602RAD3
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
08/25/2026
05/10/2022
05/18/2022
325,000.00
324,987.38

0.00 0.00
324,987.84
173.88
869.38
173.88
869.38

0.46 0.00

0.46 869.84
869.84
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 23 ends

Due
03/05/2024
Various
Various

0.00 1,150,175.05

0.00 1,150,000.00

0.00 19,958.88
20,412.50

0.00 453.62

0.00 175.05
(
175.05
)
278.57
278.57
06051GJD2
Bank of America Corp
Callable Note Cont
6/19/2025

1.319%
Due
06/19/2026
09/16/2021
09/20/2021
500,000.00
501,029.73

0.00 0.00
500,991.78
1,319.00

0.00 1,868.58
549.58

0.00 37.95
(

37.95 )
511.63
511.63
06051GJH3
Bank of America Corp
Callable Note Cont
10/24/2023

0.81%
Due
10/24/2024
08/19/2022
08/23/2022
250,000.00
240,467.50

0.00 0.00
240,467.50
714.38

0.00 883.13
168.75

0.00 0.00

0.00 168.75
168.75
06367WB85
Bank of Montreal
Note

1.85%
Due
05/01/2025
03/24/2021
03/26/2021
1,150,000.00
1,167,066.09

0.00 0.00
1,166,398.10
7,091.67

0.00 8,864.58
1,772.91

0.00 667.99
(
667.99
)
1,104.92
1,104.92
06406RAJ6
Bank of NY Mellon Corp
Note

3.45%
Due
08/11/2023
08/03/2022
08/05/2022
250,000.00
250,162.50

0.00 0.00
250,162.50
479.17

0.00 1,197.92
718.75

0.00 0.00

0.00 718.75
718.75
084664CZ2
Berkshire Hathaway
Callable Note Cont
2/15/2027

2.3%
Due
03/15/2027
03/07/2022
03/15/2022
1,095,000.00
1,094,831.94

0.00 0.00
1,094,835.47
11,613.08
12,592.50
1,119.33
2,098.75

3.53 0.00

3.53 2,102.28
2,102.28
09690AAC7
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
09/08/2021
09/15/2021
207,290.38
231,641.08

0.00 24,359.30
207,283.48

12.74 63.70

11.40 62.36

1.70 0.00

1.70 64.06

64.06 14913Q3B3
Caterpillar Finl Service
Note

2.15%
Due
11/08/2024
02/19/2020
02/21/2020
650,000.00
653,321.84

0.00 0.00
653,155.21
4,386.60

0.00 5,551.18
1,164.58

0.00 166.63
(
166.63
)
997.95
997.95
14913R2V8
Caterpillar Financial Service
Note

3.4%
Due
05/13/2025
05/10/2022
05/13/2022
445,000.00
444,585.42

0.00 0.00
444,601.40
4,539.00

0.00 5,799.83
1,260.83

15.98 0.00

15.98 1,276.81
1,276.81
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 24 ends

3.6%
Due
08/12/2027
08/22/2022
08/24/2022
700,000.00
693,998.97

0.00 0.00
694,113.45
1,330.00

0.00 3,430.00
2,100.00
114.48

0.00 114.48
2,214.48
2,214.48
17275RAN2
Cisco Systems
Note

3.625%
Due
03/04/2024
09/26/2022
09/28/2022
250,000.00
247,280.00

0.00 0.00
247,280.00
4,455.73
4,531.25
679.69
755.21

0.00 0.00

0.00 755.21
755.21
20030NCR0
Comcast Corp
Callable Note Cont
3/15/2024

3.7%
Due
04/15/2024
09/26/2022
09/28/2022
250,000.00
246,497.50

0.00 0.00
246,497.50
3,494.44

0.00 4,265.28
770.84

0.00 0.00

0.00 770.84
770.84
24422EUX5
John Deere Capital Corp
Note

2.6%
Due
03/07/2024
09/26/2022
09/28/2022
250,000.00
243,532.50

0.00 0.00
243,532.50
3,141.67
3,250.00
433.33
541.66

0.00 0.00

0.00 541.66
541.66
3130A0XE5
FHLB
Note

3.25%
Due
03/08/2024
08/19/2022
08/22/2022
750,000.00
748,537.50

0.00 0.00
748,537.50
11,713.54
12,187.50
1,557.29
2,031.25

0.00 0.00

0.00 2,031.25
2,031.25
3130A1XJ2
FHLB
Note

2.875%
Due
06/14/2024
Various
Various
680,000.00
687,575.70

0.00 0.00
687,077.08
4,181.52

0.00 5,810.70
1,629.18

0.00 498.62
(
498.62
)
1,130.56
1,130.56
3130A2UW4
FHLB
Note

2.875%
Due
09/13/2024
10/10/2019
10/11/2019
500,000.00
509,529.63

0.00 0.00
509,003.98
6,708.33
7,187.50
718.75
1,197.92

0.00 525.65
(
525.65
)
672.27
672.27
3130A3GE8
FHLB
Note

2.75%
Due
12/13/2024
02/26/2020
02/27/2020
1,850,000.00
1,897,583.79

0.00 0.00
1,895,324.83
11,022.92

0.00 15,262.50
4,239.58

0.00 2,258.96
(
2,258.96
)
1,980.62
1,980.62
3130A4CH3
FHLB
Note

2.375%
Due
03/14/2025
03/19/2020
03/20/2020
1,750,000.00
1,791,327.77

0.00 0.00
1,789,605.78
19,280.38
20,781.25
1,962.67
3,463.54

0.00 1,721.99
(
1,721.99
)
1,741.55
1,741.55
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 25 ends

4.5%
Due
12/12/2025
02/08/2023
02/09/2023
1,800,000.00
1,813,310.24

0.00 0.00
1,812,904.52
26,550.00

0.00 33,300.00
6,750.00

0.00 405.72
(
405.72
)
6,344.28
6,344.28
3133EKWV4
FFCB
Note

1.85%
Due
07/26/2024
08/13/2019
08/14/2019
500,000.00
501,369.89

0.00 0.00
501,287.11
899.31

0.00 1,670.14
770.83

0.00 82.78
(

82.78 )
688.05
688.05
3135G03U5
FNMA
Note

0.625%
Due
04/22/2025
04/22/2020
04/24/2020
805,000.00
804,288.13

0.00 0.00
804,316.31
1,802.86

0.00 2,222.14
419.28

28.18 0.00

28.18 447.46
447.46
3135G04Z3
FNMA
Note

0.5%
Due
06/17/2025
06/17/2020
06/19/2020
2,020,000.00
2,018,076.65

0.00 0.00
2,018,147.71
2,076.11

0.00 2,917.78
841.67

71.06 0.00

71.06 912.73
912.73
3135G05X7
FNMA
Note

0.375%
Due
08/25/2025
08/25/2020
08/27/2020
1,700,000.00
1,696,039.45

0.00 0.00
1,696,174.66
106.25

0.00 637.50
531.25
135.21

0.00 135.21
666.46
666.46
3135G06G3
FNMA
Note

0.5%
Due
11/07/2025
11/09/2020
11/12/2020
1,680,000.00
1,676,756.65

0.00 0.00
1,676,859.04
2,660.00

0.00 3,360.00
700.00
102.39

0.00 102.39
802.39
802.39
3135G0V34
FNMA
Note

2.5%
Due
02/05/2024
02/25/2019
02/26/2019
700,000.00
699,465.74

0.00 0.00
699,514.30
1,263.89

0.00 2,722.22
1,458.33

48.56 0.00

48.56 1,506.89
1,506.89
3135G0W66
FNMA
Note

1.625%
Due
10/15/2024
11/08/2019
11/12/2019
500,000.00
498,629.74

0.00 0.00
498,701.25
3,069.44

0.00 3,746.53
677.09

71.51 0.00

71.51 748.60
748.60
3135G0X24
FNMA
Note

1.625%
Due
01/07/2025
01/08/2020
01/10/2020
1,835,000.00
1,832,824.14

0.00 0.00
1,832,923.62
4,472.81

0.00 6,957.71
2,484.90

99.48 0.00

99.48 2,584.38
2,584.38
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 26 ends

0.00 0.00
828,129.28
2,114.00
2,114.00
2,114.00
2,114.00

0.00 1,588.36
(
1,588.36
)
525.64
525.64
3137EAEP0
FHLMC
Note

1.5%
Due
02/12/2025
02/13/2020
02/14/2020
2,040,000.00
2,039,385.45

0.00 0.00
2,039,412.13
1,615.00

0.00 4,165.00
2,550.00

26.68 0.00

26.68 2,576.68
2,576.68
3137EAEU9
FHLMC
Note

0.375%
Due
07/21/2025
07/21/2020
07/23/2020
1,075,000.00
1,072,437.72

0.00 0.00
1,072,528.70
447.92

0.00 783.85
335.93

90.98 0.00

90.98 426.91
426.91
3137EAEX3
FHLMC
Note

0.375%
Due
09/23/2025
09/23/2020
09/25/2020
1,560,000.00
1,557,587.84

0.00 0.00
1,557,667.65
2,567.50
2,925.00
130.00
487.50

79.81 0.00

79.81 567.31
567.31
362554AC1
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
09/16/2026
10/13/2021
10/21/2021
235,000.00
234,996.40

0.00 0.00
234,996.55

66.58 133.17

0.15 0.00

0.15 133.32
133.32
362585AC5
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
02/16/2027
04/05/2022
04/13/2022
300,000.00
299,953.43

0.00 0.00
299,954.98
387.50
775.00
387.50
775.00

1.55 0.00

1.55 776.55
776.55
36265MAC9
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
03/20/2025
02/15/2022
02/23/2022
640,000.00
639,997.09

0.00 0.00
639,997.31
371.56
1,013.33
371.56
1,013.33

0.22 0.00

0.22 1,013.55
1,013.55
36266FAC3
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
06/20/2025
05/03/2022
05/11/2022
390,000.00
389,974.25

0.00 0.00
389,975.83
407.55
1,111.50
407.55
1,111.50

1.58 0.00

1.58 1,113.08
1,113.08
380146AC4
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
01/11/2022
01/19/2022
200,000.00
199,988.44

0.00 0.00
199,988.88
105.00
210.00
105.00
210.00

0.44 0.00

0.44 210.44
210.44
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 27 ends

3.75%
Due
02/15/2024
09/26/2022
09/28/2022
250,000.00
247,712.50

0.00 0.00
247,712.50
416.67

0.00 1,197.92
781.25

0.00 0.00

0.00 781.25
781.25
43813KAC6
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
09/22/2020
09/29/2020
177,443.11
200,091.50

0.00 22,655.12
177,437.85

26.74 61.70

23.71 58.67

1.47 0.00

1.47 60.14

60.14 43813RAC1
Honda Auto Receivables
2020-1
A
3 1.61%
Due
04/22/2024
02/19/2020
02/26/2020
47,822.81
63,137.71

0.00 15,318.31
47,820.42

28.24 84.71

21.39 77.86

1.02 0.00

1.02 78.88

78.88 43815BAC4
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
05/15/2026
02/15/2022
02/23/2022
500,000.00
499,948.50

0.00 0.00
499,950.48
417.78
783.33
417.78
783.33

1.98 0.00

1.98 785.31
785.31
43815GAC3
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
01/21/2026
11/16/2021
11/24/2021
310,000.00
309,960.13

0.00 0.00
309,961.84

75.78 227.33

1.71 0.00

1.71 229.04
229.04
44891RAC4
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
05/15/2025
10/20/2020
10/28/2020
246,967.86
269,773.34

0.00 22,823.58
246,952.75

45.56 85.43

41.71 81.58

2.99 0.00

2.99 84.57

84.57 44933LAC7
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
09/15/2025
04/20/2021
04/28/2021
308,494.61
331,173.12

0.00 22,692.31
308,482.66

55.93 104.88

52.10 101.05

1.85 0.00

1.85 102.90
102.90
44934KAC8
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
01/15/2026
07/20/2021
07/28/2021
811,777.99
839,908.68

0.00 28,222.01
811,694.59
141.87
266.00
137.10
261.23

7.92 0.00

7.92 269.15
269.15
44935FAD6
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
05/15/2026
11/09/2021
11/17/2021
220,000.00
219,970.84

0.00 0.00
219,972.16

72.36 135.67

1.32 0.00

1.32 136.99
136.99
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 28 ends

2.301%
Due
10/15/2025
11/13/2020
11/17/2020
1,150,000.00
1,175,109.19

0.00 0.00
1,173,798.77
9,996.57

0.00 12,201.69
2,205.12

0.00 1,310.42
(
1,310.42
)
894.70
894.70
46647PBK1
JP Morgan Chase & Co
Callable Note Cont
4/22/2025

2.083%
Due
04/22/2026
09/16/2021
09/20/2021
500,000.00
509,530.48

0.00 0.00
509,153.16
3,732.04

0.00 4,599.96
867.92

0.00 377.32
(
377.32
)
490.60
490.60
46647PBS4
JP Morgan Chase & Co
Callable Note Cont
9/16/2023

0.653%
Due
09/16/2024
08/19/2022
08/23/2022
250,000.00
241,080.00

0.00 0.00
241,080.00
748.23
816.25

68.02 136.04

0.00 0.00

0.00 136.04
136.04
47787JAC2
John Deere Owner Trust
2022
-A A
3 2.32%
Due
09/16/2026
03/10/2022
03/16/2022
305,000.00
304,950.99

0.00 0.00
304,952.63
314.49
589.67
314.49
589.67

1.64 0.00

1.64 591.31
591.31
47787NAC3
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
07/14/2020
07/22/2020
51,362.46
60,709.72

0.00 9,349.59
51,360.68

13.76 25.80

11.64 23.68

0.55 0.00

0.55 24.23

24.23 47788UAC6
John Deere Owner Trust
2021
-A A
3 0.36%
Due
09/15/2025
03/02/2021
03/10/2021
176,732.96
187,475.39

0.00 10,758.71
176,718.42

30.00 56.25

28.28 54.53

1.74 0.00

1.74 56.27

56.27 47789KAC7
John Deere Owner Trust
2020
-A A
3 1.1%
Due
08/15/2024
03/04/2020
03/11/2020
50,172.09
64,658.09

0.00 14,487.30
50,171.14

31.61 59.27

24.53 52.19

0.35 0.00

0.35 52.54

52.54 47789QAC4
John Deere Owner Trust
2021
-B A
3 0.52%
Due
03/16/2026
07/13/2021
07/21/2021
390,000.00
389,980.56

0.00 0.00
389,981.37

90.13 169.00

0.81 0.00

0.81 169.81
169.81
47800AAC4
John Deere Owner Trust
2022
-B A
3 3.74%
Due
02/16/2027
07/12/2022
07/20/2022
400,000.00
399,968.35

0.00 0.00
399,969.26
664.89
1,246.67
664.89
1,246.67

0.91 0.00

0.91 1,247.58
1,247.58
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 29 ends

0.00 0.00
914,837.54
2,118.73
3,972.63
2,118.73
3,972.63

4.42 0.00

4.42 3,977.05
3,977.05
58769KAD6
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
06/22/2021
06/29/2021
419,797.85
450,199.54

0.00 30,413.39
419,788.00

80.04 150.07

74.63 144.66

1.85 0.00

1.85 146.51
146.51
61747YEA9
Morgan Stanley
Callable Note Cont
5/30/2024

0.79%
Due
05/30/2025
05/26/2021
06/01/2021
1,240,000.00
1,240,274.40

0.00 0.00
1,240,255.74
2,476.20

0.00 3,292.54
816.34

0.00 18.66
(

18.66 )
797.68
797.68
637432NL5
National Rural Utilities
Callable Note Cont
12/7/2023

2.95%
Due
02/07/2024
08/03/2022
08/05/2022
250,000.00
248,377.50

0.00 0.00
248,377.50
491.67

0.00 1,106.25
614.58

0.00 0.00

0.00 614.58
614.58
63743HFE7
National Rural Utilities
Note

3.45%
Due
06/15/2025
Various
Various
685,000.00
683,530.00

0.00 0.00
683,584.44
4,989.08

0.00 6,958.46
1,969.38

54.44 0.00

54.44 2,023.82
2,023.82
65479JAD5
Nissan Auto Receivables Owner
2019
-C A
3 1.93%
Due
07/15/2024
10/16/2019
10/23/2019
8,591.71
19,033.10

0.00 10,441.68
8,591.58

16.33 30.61

7.37 21.65

0.16 0.00

0.16 21.81

21.81 74340XBN0
Prologis LP
Callable Note Cont
2/15/2027

2.125%
Due
04/15/2027
11/09/2022
11/14/2022
1,000,000.00
889,164.75

0.00 0.00
891,446.22
8,027.78

0.00 9,798.61
1,770.83
2,281.47

0.00 2,281.47
4,052.30
4,052.30
747525AT0
Qualcomm Inc
Callable Note Cont
3/20/2024

2.9%
Due
05/20/2024
Various
Various
1,400,000.00
1,402,106.74

0.00 0.00
1,401,419.97
11,390.56

0.00 14,773.88
3,383.32

0.00 686.77
(
686.77
)
2,696.55
2,696.55
78013XZU5
Royal Bank of Canada
Note

2.55%
Due
07/16/2024
Various
Various
1,150,000.00
1,154,374.80

0.00 0.00
1,154,105.17
3,665.62

0.00 6,109.38
2,443.76

0.00 269.63
(
269.63
)
2,174.13
2,174.13
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 30 ends

1.15%
Due
06/10/2025
12/22/2021
12/27/2021
400,000.00
397,519.18

0.00 0.00
397,611.61
1,035.00

0.00 1,418.33
383.33

92.43 0.00

92.43 475.76
475.76
79466LAG9
Salesforce.com Inc
Callable Note Cont
7/15/2022

0.625%
Due
07/15/2024
06/29/2021
07/12/2021
190,000.00
189,955.74

0.00 0.00
189,958.47
151.74

0.00 250.69

98.95 2.73

0.00 2.73
101.68
101.68
808513BY0
Charles Schwab Corp
Callable Note Cont
2/3/2027

2.45%
Due
03/03/2027
Various
Various
1,000,000.00
988,250.27

0.00 0.00
988,499.24
12,113.89
12,250.00
1,905.56
2,041.67
248.97

0.00 248.97
2,290.64
2,290.64
87612EBM7
Target Corp
Callable Note Cont
12/15/2026

1.95%
Due
01/15/2027
01/19/2022
01/24/2022
545,000.00
544,277.97

0.00 0.00
544,293.78
1,357.96

0.00 2,243.58
885.62

15.81 0.00

15.81 901.43
901.43
89114QCB2
Toronto Dominion Bank
Note

3.25%
Due
03/11/2024
Various
Various
1,350,000.00
1,374,055.18

0.00 0.00
1,371,984.31
20,718.75
21,937.50
2,437.50
3,656.25

0.00 2,070.87
(
2,070.87
)
1,585.38
1,585.38
89232HAC9
Toyota Auto Receivable Own
2020
-A A
3 1.66%
Due
05/15/2024
06/17/2020
06/19/2020
71,604.25
107,007.82

0.00 34,646.28
72,078.73

78.39 146.98

52.83 121.42

0.00 282.81
(
282.81
)
(
161.39
)
(161.39)
89236TDW2
Toyota Motor Credit Corp
Note

2.9%
Due
04/17/2024
08/19/2022
08/23/2022
250,000.00
247,965.00

0.00 0.00
247,965.00
2,698.61

0.00 3,302.78
604.17

0.00 0.00

0.00 604.17
604.17
89236TJK2
Toyota Motor Credit Corp
Note

1.125%
Due
06/18/2026
06/15/2021
06/18/2021
810,000.00
809,764.81

0.00 0.00
809,770.86
1,847.81

0.00 2,607.19
759.38

6.05 0.00

6.05 765.43
765.43
89237VAB5
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
07/21/2020
07/27/2020
32,488.40
37,986.00

0.00 5,498.73
32,487.49

7.43 13.93

6.35 12.85

0.22 0.00

0.22 13.07

13.07 Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 31 ends

0.00 0.00
334,994.49
436.24
817.96
436.24
817.96

0.21 0.00

0.21 818.17
818.17
89240BAC2
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
05/15/2025
02/02/2021
02/08/2021
116,543.50
126,562.08

0.00 10,026.47
116,536.83

14.63 27.42

13.47 26.26

1.22 0.00

1.22 27.48

27.48 90331HPL1
US Bank NA
Callable Note Cont
12/21/2024

2.05%
Due
01/21/2025
01/16/2020
01/21/2020
1,150,000.00
1,149,072.22

0.00 0.00
1,149,113.78
2,619.44

0.00 4,584.03
1,964.59

41.56 0.00

41.56 2,006.15
2,006.15
9128283J7
US Treasury
Note

2.125%
Due
11/30/2024
Various
Various
2,000,000.00
2,021,190.54

0.00 0.00
2,020,164.12
10,625.00

0.00 14,244.51
3,619.51

0.00 1,026.42
(
1,026.42
)
2,593.09
2,593.09
9128283W8
US Treasury
Note

2.75%
Due
02/15/2028
03/08/2023
03/09/2023
1,250,000.00

0.00 1,161,083.98

0.00 1,162,217.61

0.00 (
2,089.09
)
4,273.14
2,184.05
1,133.63

0.00 1,133.63
3,317.68
3,317.68
9128283Z1
US Treasury
Note

2.75%
Due
02/28/2025
03/05/2020
03/06/2020
700,000.00
728,285.31

0.00 0.00
727,084.15

52.31 0.00
1,673.91
1,621.60

0.00 1,201.16
(
1,201.16
)
420.44
420.44
9128284X5
US Treasury
Note

2.75%
Due
08/31/2023
Various
Various
1,000,000.00
740,419.92
247,265.63

0.00 987,685.55

56.05 (
130.77
)
2,391.31
2,204.49

0.00 0.00

0.00 2,204.49
2,204.49
9128285Z9
US Treasury
Note

2.5%
Due
01/31/2024
Various
Various
1,000,000.00
741,914.06
244,140.63

0.00 986,054.69
1,502.07
(
604.28
)
4,143.64
2,037.29

0.00 0.00

0.00 2,037.29
2,037.29
912828B66
US Treasury
Note

2.75%
Due
02/15/2024
Various
Various
1,000,000.00
734,208.98
244,423.83

0.00 978,632.81
797.65
(
379.83
)
3,418.51
2,241.03

0.00 0.00

0.00 2,241.03
2,241.03
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 32 ends

0.00 0.00
1,881,345.99
1,430.94

0.00 4,599.45
3,168.51

0.00 1,416.51
(
1,416.51
)
1,752.00
1,752.00
912828R69
US Treasury
Note

1.625%
Due
05/31/2023
Various
Various
1,000,000.00
741,093.75
248,134.77

0.00 989,228.52
3,046.88
(
1,082.59
)
5,446.43
1,316.96

0.00 0.00

0.00 1,316.96
1,316.96
912828S92
US Treasury
Note

1.25%
Due
07/31/2023
Various
Various
1,000,000.00
736,376.95
246,289.06

0.00 982,666.01
751.04
(
302.14
)
2,071.83
1,018.65

0.00 0.00

0.00 1,018.65
1,018.65
912828T91
US Treasury
Note

1.625%
Due
10/31/2023
Various
Various
1,000,000.00
735,498.05
244,423.83

0.00 979,921.88
4,073.72
(
1,425.24
)
6,823.20
1,324.24

0.00 0.00

0.00 1,324.24
1,324.24
912828V98
US Treasury
Note

2.25%
Due
02/15/2027
02/06/2023
02/07/2023
1,250,000.00
1,174,247.43

0.00 0.00
1,175,870.33
1,087.71

0.00 3,496.20
2,408.49
1,622.90

0.00 1,622.90
4,031.39
4,031.39
912828W48
US Treasury
Note

2.125%
Due
02/29/2024
04/10/2019
04/11/2019
550,000.00
549,169.69

0.00 0.00
549,240.21

31.76 0.00
1,016.30
984.54

70.52 0.00

70.52 1,055.06
1,055.06
912828W71
US Treasury
Note

2.125%
Due
03/31/2024
04/23/2019
04/24/2019
500,000.00
498,786.01

0.00 0.00
498,881.04
4,436.81
5,312.50

29.03 904.72

95.03 0.00

95.03 999.75
999.75
912828WJ5
US Treasury
Note

2.5%
Due
05/15/2024
Various
Various
2,000,000.00
2,035,458.86

0.00 0.00
2,032,966.28
14,640.88

0.00 18,922.65
4,281.77

0.00 2,492.58
(
2,492.58
)
1,789.19
1,789.19
912828X70
US Treasury
Note
2%
Due
04/30/2024
Various
Various
2,000,000.00
2,012,968.83

0.00 0.00
2,012,025.08
13,370.16

0.00 16,795.58
3,425.42

31.87 975.62
(
943.75
)
2,481.67
2,481.67
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 33 ends

1.5%
Due
09/30/2024
Various
Various
2,000,000.00
2,003,861.05

0.00 0.00
2,003,654.32
12,527.47
15,000.00

81.96 2,554.49
186.14
392.87
(
206.73
)
2,347.76
2,347.76
912828Z78
US Treasury
Note

1.5%
Due
01/31/2027
03/30/2022
03/31/2022
500,000.00
482,430.49

0.00 0.00
482,810.84
600.83

0.00 1,243.09
642.26
380.35

0.00 380.35
1,022.61
1,022.61
912828ZC7
US Treasury
Note

1.125%
Due
02/28/2025
Various
Various
1,500,000.00
1,518,493.59

0.00 0.00
1,517,708.25

45.86 0.00
1,467.40
1,421.54

0.00 785.34
(
785.34
)
636.20
636.20
91282CAZ4
US Treasury
Note

0.375%
Due
11/30/2025
12/28/2020
12/29/2020
2,000,000.00
1,999,694.15

0.00 0.00
1,999,703.59
1,875.00

0.00 2,513.74
638.74

9.44 0.00

9.44 648.18
648.18
91282CBC4
US Treasury
Note

0.375%
Due
12/31/2025
01/27/2021
01/28/2021
2,000,000.00
1,998,919.63

0.00 0.00
1,998,951.96
1,243.09

0.00 1,885.36
642.27

32.33 0.00

32.33 674.60
674.60
91282CBT7
US Treasury
Note

0.75%
Due
03/31/2026
03/30/2021
03/31/2021
1,500,000.00
1,492,592.99

0.00 0.00
1,492,796.91
4,697.80
5,625.00

30.74 957.94
203.92

0.00 203.92
1,161.86
1,161.86
91282CBU4
US Treasury
Note
Due
03/31/2023
09/26/2022
09/27/2022

0.00 736,025.39

0.00 391.48
468.75

0.00 77.27

0.00 0.00

0.00 77.27

77.27 91282CBV2
US Treasury
Note

0.375%
Due
04/15/2024
09/26/2022
09/27/2022
750,000.00
705,791.02

0.00 0.00
705,791.02
1,058.55

0.00 1,298.08
239.53

0.00 0.00

0.00 239.53
239.53
91282CBW0
US Treasury
Note

0.75%
Due
04/30/2026
04/29/2021
04/30/2021
1,000,000.00
995,820.70

0.00 0.00
995,932.77
2,506.91

0.00 3,149.17
642.26
112.07

0.00 112.07
754.33
754.33
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 34 ends

0.625%
Due
07/31/2026
08/10/2021
08/11/2021
1,000,000.00
993,473.14

0.00 0.00
993,635.26
500.69

0.00 1,035.91
535.22
162.12

0.00 162.12
697.34
697.34
91282CCW9
US Treasury
Note

0.75%
Due
08/31/2026
Various
Various
2,250,000.00
2,233,160.89

0.00 0.00
2,233,569.03

45.86 0.00
1,467.39
1,421.53
408.14

0.00 408.14
1,829.67
1,829.67
91282CDG3
US Treasury
Note

1.125%
Due
10/31/2026
Various
Various
3,000,000.00
2,984,672.91

0.00 0.00
2,985,027.49
11,281.08

0.00 14,171.28
2,890.20
354.58

0.00 354.58
3,244.78
3,244.78
91282CDM0
US Treasury
Note

0.5%
Due
11/30/2023
03/06/2023
03/07/2023
1,000,000.00

0.00 966,875.00

0.00 (
1,332.42
)
1,675.82
343.40

0.00 0.00

0.00 343.40
343.40
91282CEF4
US Treasury
Note

2.5%
Due
03/31/2027
09/27/2022
09/28/2022
1,250,000.00
1,169,186.75

0.00 0.00
1,170,866.97
13,049.45
15,625.00

85.38 2,660.93
1,680.22

0.00 1,680.22
4,341.15
4,341.15
91282CEG2
US Treasury
Note

2.25%
Due
03/31/2024
08/19/2022
08/22/2022
750,000.00
737,871.09

0.00 0.00
737,871.09
7,046.70
8,437.50

46.11 1,436.91

0.00 0.00

0.00 1,436.91
1,436.91
91282CEN7
US Treasury
Note

2.75%
Due
04/30/2027
Various
Various
2,500,000.00
2,453,754.37

0.00 0.00
2,454,696.92
22,979.98

0.00 28,867.40
5,887.42
942.55

0.00 942.55
6,829.97
6,829.97
91282CER8
US Treasury
Note

2.5%
Due
05/31/2024
08/19/2022
08/22/2022
750,000.00
739,863.28

0.00 0.00
739,863.28
4,687.50

0.00 6,284.34
1,596.84

0.00 0.00

0.00 1,596.84
1,596.84
91282CEW7
US Treasury
Note

3.25%
Due
06/30/2027
07/12/2022
07/13/2022
1,400,000.00
1,414,220.44

0.00 0.00
1,413,941.79
7,541.44

0.00 11,437.85
3,896.41

0.00 278.65
(
278.65
)
3,617.76
3,617.76
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 35 ends

3.125%
Due
08/31/2027
09/08/2022
09/09/2022
1,000,000.00
990,139.22

0.00 0.00
990,325.16

84.92 0.00
2,717.39
2,632.47
185.94

0.00 185.94
2,818.41
2,818.41
91282CFM8
US Treasury
Note

4.125%
Due
09/30/2027
10/28/2022
10/31/2022
1,000,000.00
997,085.65

0.00 0.00
997,139.62
17,225.27
20,625.00
112.70
3,512.43

53.97 0.00

53.97 3,566.40
3,566.40
91282CFU0
US Treasury
Note

4.125%
Due
10/31/2027
12/20/2022
12/21/2022
1,100,000.00
1,113,207.75

0.00 0.00
1,112,967.61
15,166.78

0.00 19,052.49
3,885.71

0.00 240.14
(
240.14
)
3,645.57
3,645.57
91282CGC9
US Treasury
Note

3.875%
Due
12/31/2027
01/26/2023
01/27/2023
1,250,000.00
1,264,092.14

0.00 0.00
1,263,844.77
8,028.31

0.00 12,176.28
4,147.97

0.00 247.37
(
247.37
)
3,900.60
3,900.60
91324PEB4
United Health Group Inc
Callable Note Cont
5/15/2022

0.55%
Due
05/15/2024
08/03/2022
08/05/2022
250,000.00
238,842.50

0.00 0.00
238,842.50
404.86

0.00 519.44
114.58

0.00 0.00

0.00 114.58
114.58
91324PEC2
United Health Group Inc
Callable Note Cont
4/15/2026

1.15%
Due
05/15/2026
Various
Various
1,245,000.00
1,235,116.43

0.00 0.00
1,235,377.73
4,215.71

0.00 5,408.83
1,193.12
275.21

13.91 261.30
1,454.42
1,454.42
92290BAA9
Verizon Owner Trust
2020
-B A

0.47%
Due
02/20/2025
08/04/2020
08/12/2020
226,961.16
274,099.82

0.00 47,163.80
226,941.24

39.37 107.37

32.59 100.59

5.22 0.00

5.22 105.81
105.81
92348KAV5
Verizon Master Trust
2022-5
A
1 A

3.72%
Due
07/20/2027
08/02/2022
08/11/2022
350,000.00
349,987.67

0.00 0.00
349,988.14
397.83
1,085.00
397.83
1,085.00

0.47 0.00

0.47 1,085.47
1,085.47
927804GH1
Virginia Electric Power Corp
Callable Note Cont.
4/15/2027

3.75%
Due
05/15/2027
05/16/2022
05/31/2022
250,000.00
249,338.08

0.00 0.00
249,351.44
2,760.42

0.00 3,541.67
781.25

13.36 0.00

13.36 794.61
794.61
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 36 ends

1.05%
Due
09/17/2026
09/08/2021
09/17/2021
240,000.00
239,678.06

0.00 0.00
239,685.76
1,148.00
1,260.00

98.00 210.00

7.70 0.00

7.70 217.70
217.70
931142EX7
Wal-Mart Stores
Callable Note Cont
09/09/2027

3.95%
Due
09/09/2027
Various
09/09/2022
500,000.00
499,426.24

0.00 0.00
499,437.00
9,436.11
9,875.00
1,206.94
1,645.83

10.76 0.00

10.76 1,656.59
1,656.59
Total Fixed Income
106,209,051.14
104,500,034.44
3,602,636.73
2,194,881.97
105,894,974.45
503,851.10
231,056.48
448,659.31
175,864.69
11,749.90
24,564.65
(
12,814.75
)
163,049.94
163,049.94

CASH & EQUIVALENT
3130AJHU6
FHLB
Note

0.5%
Due
04/14/2025
05/28/2020
05/29/2020
1,900,000.00
1,899,826.38

0.00 0.00
1,899,833.32
3,615.28

0.00 4,406.94
791.66

6.94 0.00

6.94 798.60
798.60
313384FC8
FHLB
Discount Note

4.64%
Due
05/03/2023
02/02/2023
02/02/2023
750,000.00
741,300.00

0.00 0.00
741,300.00
2,610.00

0.00 5,606.67
2,996.67

0.00 0.00

0.00 2,996.67
2,996.67
912796CS6
US Treasury
Bill

4.685%
Due
09/28/2023
03/30/2023
03/31/2023
20,000,000.00

0.00 19,528,897.22

0.00 0.00
2,602.78
2,602.78

0.00 0.00

0.00 2,602.78
2,602.78
912796ZR3
US Treasury
Bill

4.667%
Due
06/29/2023
03/30/2023
03/31/2023
20,000,000.00

0.00 19,766,650.00

0.00 0.00
2,592.78
2,592.78

0.00 0.00

0.00 2,592.78
2,592.78
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 37 ends

0.00 7,720.34

0.00 0.00

0.00 7,720.34
7,720.34
Total Cash & Equivalent
45,576,885.00
6,026,174.32
81,750,526.98
42,913,142.70
44,863,565.54
6,225.28
7,720.34
15,209.17
16,704.23

6.94 0.00

6.94 16,711.17
16,711.17

LOCAL AGENCY INVESTMENT FUND
90LAIF$00
Local Agency Investment Fund
State Pool
Various
Various
55,761,469.98
55,761,469.98

0.00 0.00
55,761,469.98
221,698.20

0.00 358,092.28
136,394.08

0.00 0.00

0.00 136,394.08
136,394.08
Total Local Agency Investment Fund
55,761,469.98
55,761,469.98

0.00 0.00
55,761,469.98
221,698.20

0.00 358,092.28
136,394.08

0.00 0.00

0.00 136,394.08
136,394.08

TOTAL PORTFOLIO
207,547,406.12
166,287,678.74
85,353,163.71
45,108,024.67
206,520,009.97
731,774.58
238,776.82
821,960.76
328,963.00
11,756.84
24,564.65
(
12,807.81
)
316,155.19
316,155.19
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 38 ends

3.3%
Due
4/13/2027

0.00 12,375.00
12,375.00
04/14/2023
Interest
3130AJHU6
1,900,000.00
FHLB Note

0.5%
Due
4/14/2025

0.00 4,750.00
4,750.00
04/15/2023
Interest
91282CBV2
750,000.00
US Treasury Note

0.375%
Due
4/15/2024

0.00 1,406.25
1,406.25
04/15/2023
Interest
74340XBN0
1,000,000.00
Prologis LP Callable Note Cont
2/15/2027

2.125%
Due
4/15/2027

0.00 10,625.00
10,625.00
04/15/2023
Interest
3135G0W66
500,000.00
FNMA Note

1.625%
Due
10/15/2024

0.00 4,062.50
4,062.50
04/15/2023
Interest
46647PBF2
1,150,000.00
JP Morgan Chase & Co Callable Note
1 X
10/15/2024

2.301%
Due
10/15/2025

0.00 13,230.75
13,230.75
04/15/2023
Interest
20030NCR0
250,000.00
Comcast Corp Callable Note Cont
3/15/2024

3.7%
Due
4/15/2024

0.00 4,625.00
4,625.00
04/15/2023
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026

0.00 589.67
589.67
04/15/2023
Paydown
47788UAC6
176,732.96
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
9,274.56

53.02 9,327.58
04/15/2023
Paydown
44891RAC4
246,967.86
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
22,410.49

78.21 22,488.70
04/15/2023
Paydown
44934KAC8
811,777.99
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
45,063.65
257.06
45,320.71
04/15/2023
Paydown
47789KAC7
50,172.09
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
2,886.91

45.99 2,932.90
04/15/2023
Paydown
89232HAC9
71,604.25
Toyota Auto Receivable Own
2020
-A A
3 1.66%
Due
5/15/2024
6,734.36

99.05 6,833.41
04/15/2023
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A

3.39%
Due
5/17/2027

0.00 2,373.00
2,373.00
04/15/2023
Paydown
44933LAC7
308,494.61
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
21,988.82

97.69 22,086.51
04/15/2023
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026

0.00 135.67
135.67
04/15/2023
Paydown
47787NAC3
51,362.46
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
5,127.20

21.83 5,149.03
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 39 ends

0.00 169.00
169.00
04/15/2023
Paydown
65479JAD5
8,591.71
Nissan Auto Receivables Owner
2019
-C A
3 1.93%
Due
7/15/2024
527.98

13.82 541.80
04/15/2023
Paydown
89237VAB5
32,488.40
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,704.28

11.91 1,716.19
04/15/2023
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026

0.00 817.96
817.96
04/15/2023
Paydown
89240BAC2
116,543.50
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,694.61

25.25 9,719.86
04/15/2023
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026

0.00 783.33
783.33
04/15/2023
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027

0.00 1,246.67
1,246.67
04/15/2023
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027

0.00 3,972.63
3,972.63
04/15/2023
Paydown
58769KAD6
419,797.85
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
41,962.47
139.93
42,102.40
04/16/2023
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027

0.00 775.00
775.00
04/16/2023
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026

0.00 133.17
133.17
04/16/2023
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026

0.00 210.00
210.00
04/17/2023
Dividend
90LAIF$00
4,958,424,222.42
Local Agency Investment Fund State Pool

0.00 358,073.31
358,073.31
04/17/2023
Interest
89236TDW2
250,000.00
Toyota Motor Credit Corp Note

2.9%
Due
4/17/2024

0.00 3,625.00
3,625.00
04/18/2023
Paydown
43813KAC6
177,443.11
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
22,156.47

54.71 22,211.18
04/20/2023
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025

0.00 1,111.50
1,111.50
04/20/2023
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A

3.72%
Due
7/20/2027

0.00 1,085.00
1,085.00
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 40 ends

0.00 1,013.33
1,013.33
04/20/2023
Paydown
92290BAA9
226,961.16
Verizon Owner Trust
2020
-B A

0.47%
Due
2/20/2025
9,825.43

88.89 9,914.32
04/21/2023
Paydown
3137BFE98

0.00 FHLMC K
041
A
2 3.171%
Due
10/25/2024

0.00 2,114.00
2,114.00
04/21/2023
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026

0.00 227.33
227.33
04/21/2023
Paydown
43813RAC1
47,822.81
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
3,386.23

64.16 3,450.39
04/22/2023
Interest
46647PBK1
500,000.00
JP Morgan Chase & Co Callable Note Cont
4/22/2025

2.083%
Due
4/22/2026

0.00 5,207.50
5,207.50
04/22/2023
Interest
3135G03U5
805,000.00
FNMA Note

0.625%
Due
4/22/2025

0.00 2,515.63
2,515.63
04/24/2023
Interest
06051GJH3
250,000.00
Bank of America Corp Callable Note Cont
10/24/2023

0.81%
Due
10/24/2024

0.00 1,012.50
1,012.50
04/25/2023
Paydown
05601XAC3
305,000.00
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025

0.00 279.58
279.58
04/25/2023
Paydown
3137BFE98
800,000.00

FHLMC K
041
A
2 3.171%
Due
10/25/2024

0.00 2,114.00
2,114.00
04/25/2023
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026

0.00 869.38
869.38
04/25/2023
Paydown
09690AAC7
207,290.38
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
23,010.01

57.00 23,067.01
04/30/2023
Interest
91282CEN7
2,500,000.00
US Treasury Note

2.75%
Due
4/30/2027

0.00 34,375.00
34,375.00
04/30/2023
Interest
91282CDG3
3,000,000.00
US Treasury Note

1.125%
Due
10/31/2026

0.00 16,875.00
16,875.00
04/30/2023
Interest
91282CFU0
1,100,000.00
US Treasury Note

4.125%
Due
10/31/2027

0.00 22,687.50
22,687.50
04/30/2023
Interest
912828X70
2,000,000.00
US Treasury Note
2%
Due
4/30/2024

0.00 20,000.00
20,000.00
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 41 ends

0.75%
Due
4/30/2026

0.00 3,750.00
3,750.00
04/30/2023
Interest
912828T91
1,000,000.00
US Treasury Note

1.625%
Due
10/31/2023

0.00 8,125.00
8,125.00
APR 2023
225,753.47
548,449.68
774,203.15
05/01/2023
Interest
06367WB85
1,150,000.00
Bank of Montreal Note

1.85%
Due
5/1/2025

0.00 10,637.50
10,637.50
05/03/2023
Maturity
313384FC8
750,000.00
FHLB Discount Note

4.64%
Due
5/3/2023
741,300.00
8,700.00
750,000.00
05/07/2023
Interest
3135G06G3
1,680,000.00
FNMA Note

0.5%
Due
11/7/2025

0.00 4,200.00
4,200.00
05/08/2023
Interest
14913Q3B3
650,000.00
Caterpillar Finl Service Note

2.15%
Due
11/8/2024

0.00 6,987.50
6,987.50
05/12/2023
Interest
023135BW5
755,000.00
Amazon.com Inc Note

0.45%
Due
5/12/2024

0.00 1,698.75
1,698.75
05/13/2023
Interest
14913R2V8
445,000.00
Caterpillar Financial Service Note

3.4%
Due
5/13/2025

0.00 7,565.00
7,565.00
05/15/2023
Interest
91324PEC2
1,245,000.00
United Health Group Inc Callable Note Cont
4/15/2026

1.15%
Due
5/15/2026

0.00 7,158.75
7,158.75
05/15/2023
Interest
00440EAR8
250,000.00
Chubb INA Holdings Inc Note

3.35%
Due
5/15/2024

0.00 4,187.50
4,187.50
05/15/2023
Interest
912828WJ5
2,000,000.00
US Treasury Note

2.5%
Due
5/15/2024

0.00 25,000.00
25,000.00
05/15/2023
Interest
927804GH1
250,000.00
Virginia Electric Power Corp Callable Note Cont.
4/15/2027

3.75%
Due
5/15/2027

0.00 4,687.50
4,687.50
05/15/2023
Interest
91324PEB4
250,000.00
United Health Group Inc Callable Note Cont
5/15/2022

0.55%
Due
5/15/2024

0.00 687.50
687.50
05/15/2023
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A

3.39%
Due
5/17/2027

0.00 2,373.00
2,373.00
05/15/2023
Paydown
47787NAC3
51,362.46
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
5,129.21

19.65 5,148.86
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 42 ends

50.24 9,327.81
05/15/2023
Paydown
47789QAC4
390,000.00
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,939.43
169.00
17,108.43
05/15/2023
Paydown
58769KAD6
419,797.85
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
41,966.31
125.95
42,092.26
05/15/2023
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026

0.00 817.96
817.96
05/15/2023
Paydown
89240BAC2
116,543.50
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,697.76

23.15 9,720.91
05/15/2023
Paydown
44891RAC4
246,967.86
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
22,418.71

71.11 22,489.82
05/15/2023
Paydown
44933LAC7
308,494.61
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
21,995.96

90.73 22,086.69
05/15/2023
Paydown
65479JAD5
8,591.71
Nissan Auto Receivables Owner
2019
-C A
3 1.93%
Due
7/15/2024
529.17

12.97 542.14
05/15/2023
Paydown
89232HAC9
71,604.25
Toyota Auto Receivable Own
2020
-A A
3 1.66%
Due
5/15/2024
6,489.32

89.74 6,579.06
05/15/2023
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026

0.00 135.67
135.67
05/15/2023
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026

0.00 589.67
589.67
05/15/2023
Paydown
47789KAC7
50,172.09
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
2,894.85

43.34 2,938.19
05/15/2023
Paydown
89237VAB5
32,488.40
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,704.90

11.29 1,716.19
05/15/2023
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026

0.00 783.33
783.33
05/15/2023
Paydown
44934KAC8
811,777.99
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
45,067.78
242.79
45,310.57
05/15/2023
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027

0.00 1,246.67
1,246.67
05/15/2023
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027

0.00 3,972.63
3,972.63
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 43 ends

0.00 775.00
775.00
05/16/2023
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026

0.00 210.00
210.00
05/16/2023
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026

0.00 133.17
133.17
05/18/2023
Paydown
43813KAC6
177,443.11
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
22,163.30

47.88 22,211.18
05/20/2023
Interest
747525AT0
1,150,000.00
Qualcomm Inc Callable Note Cont
3/20/2024

2.9%
Due
5/20/2024

0.00 16,675.00
16,675.00
05/20/2023
Interest
747525AT0
250,000.00
Qualcomm Inc Callable Note Cont
3/20/2024

2.9%
Due
5/20/2024

0.00 3,625.00
3,625.00
05/20/2023
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025

0.00 1,111.50
1,111.50
05/20/2023
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A

3.72%
Due
7/20/2027

0.00 1,085.00
1,085.00
05/20/2023
Paydown
92290BAA9
226,961.16
Verizon Owner Trust
2020
-B A

0.47%
Due
2/20/2025
9,829.28

85.04 9,914.32
05/20/2023
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025

0.00 1,013.33
1,013.33
05/21/2023
Paydown
43813RAC1
47,822.81
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
3,390.77

59.62 3,450.39
05/21/2023
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
14,056.42
227.33
14,283.75
05/25/2023
Paydown
3137BFE98
800,000.00

FHLMC K
041
A
2 3.171%
Due
10/25/2024

0.00 2,114.00
2,114.00
05/25/2023
Paydown
05601XAC3
305,000.00
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
27,124.90
279.58
27,404.48
05/25/2023
Paydown
09690AAC7
207,290.38
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
23,015.57

50.68 23,066.25
05/25/2023
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026

0.00 869.38
869.38
05/30/2023
Interest
61747YEA9
1,240,000.00
Morgan Stanley Callable Note Cont
5/30/2024

0.79%
Due
5/30/2025

0.00 4,898.00
4,898.00
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 44 ends

0.375%
Due
11/30/2025

0.00 3,750.00
3,750.00
05/31/2023
Interest
9128283J7
2,000,000.00
US Treasury Note

2.125%
Due
11/30/2024

0.00 21,250.00
21,250.00
05/31/2023
Interest
91282CER8
750,000.00
US Treasury Note

2.5%
Due
5/31/2024

0.00 9,375.00
9,375.00
05/31/2023
Interest
91282CDM0
1,000,000.00
US Treasury Note

0.5%
Due
11/30/2023

0.00 2,500.00
2,500.00
05/31/2023
Maturity
912828R69
1,000,000.00
US Treasury Note

1.625%
Due
5/31/2023
1,000,000.00
8,125.00
1,008,125.00
MAY 2023
2,024,991.21
170,638.40
2,195,629.61
06/10/2023
Interest
78015K7H1
400,000.00
Royal Bank of Canada Note

1.15%
Due
6/10/2025

0.00 2,300.00
2,300.00
06/12/2023
Interest
3130ATUC9
1,800,000.00
FHLB Note

4.5%
Due
12/12/2025

0.00 49,275.00
49,275.00
06/13/2023
Interest
3130A3GE8
1,850,000.00
FHLB Note

2.75%
Due
12/13/2024

0.00 25,437.50
25,437.50
06/14/2023
Interest
3130A1XJ2
680,000.00
FHLB Note

2.875%
Due
6/14/2024

0.00 9,775.00
9,775.00
06/15/2023
Interest
63743HFE7
685,000.00
National Rural Utilities Note

3.45%
Due
6/15/2025

0.00 11,816.25
11,816.25
06/15/2023
Paydown
89232HAC9
71,604.25
Toyota Auto Receivable Own
2020
-A A
3 1.66%
Due
5/15/2024
6,243.26

80.76 6,324.02
06/15/2023
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A

3.39%
Due
5/17/2027

0.00 2,373.00
2,373.00
06/15/2023
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026

0.00 783.33
783.33
06/15/2023
Paydown
47787NAC3
51,362.46
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
5,131.22

17.47 5,148.69
06/15/2023
Paydown
47789QAC4
390,000.00
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,940.98
161.66
17,102.64
06/15/2023
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027

0.00 3,972.63
3,972.63
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 45 ends

Cash Flow Report
As of March 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
06/15/2023
Paydown
58769KAD6
419,797.85
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
41,970.16
111.96
42,082.12
06/15/2023
Paydown
89237VAB5
32,488.40
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,705.53

10.66 1,716.19
06/15/2023
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026

0.00 817.96
817.96
06/15/2023
Paydown
89240BAC2
116,543.50
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,700.91

21.05 9,721.96
06/15/2023
Paydown
44933LAC7
308,494.61
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
22,003.11

83.76 22,086.87
06/15/2023
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
10,982.59
135.67
11,118.26
06/15/2023
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027

0.00 1,246.67
1,246.67
06/15/2023
Paydown
65479JAD5
8,591.71
Nissan Auto Receivables Owner
2019
-C A
3 1.93%
Due
7/15/2024
530.35

12.12 542.47
06/15/2023
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026

0.00 589.67
589.67
06/15/2023
Paydown
47789KAC7
50,172.09
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
2,902.81

40.69 2,943.50
06/15/2023
Paydown
44891RAC4
246,967.86
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
22,426.93

64.01 22,490.94
06/15/2023
Paydown
44934KAC8
811,777.99
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
45,071.91
228.52
45,300.43
06/15/2023
Paydown
47788UAC6
176,732.96
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
9,280.59

47.45 9,328.04
06/16/2023
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026

0.00 133.17
133.17
06/16/2023
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027

0.00 775.00
775.00
06/16/2023
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026

0.00 210.00
210.00
06/17/2023
Interest
3135G04Z3
2,020,000.00
FNMA Note

0.5%
Due
6/17/2025

0.00 5,050.00
5,050.00
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 46 ends

1.125%
Due
6/18/2026

0.00 4,556.25
4,556.25
06/18/2023
Paydown
43813KAC6
177,443.11
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
22,170.13

41.05 22,211.18
06/19/2023
Interest
06051GJD2
500,000.00
Bank of America Corp Callable Note Cont
6/19/2025

1.319%
Due
6/19/2026

0.00 3,297.50
3,297.50
06/20/2023
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025

0.00 1,111.50
1,111.50
06/20/2023
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A

3.72%
Due
7/20/2027

0.00 1,085.00
1,085.00
06/20/2023
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025

0.00 1,013.33
1,013.33
06/20/2023
Paydown
92290BAA9
226,961.16
Verizon Owner Trust
2020
-B A

0.47%
Due
2/20/2025
9,833.12

81.20 9,914.32
06/21/2023
Paydown
43813RAC1
47,822.81
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
3,395.32

55.07 3,450.39
06/21/2023
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
14,059.69
217.03
14,276.72
06/25/2023
Paydown
05601XAC3
305,000.00
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
27,243.80
254.72
27,498.52
06/25/2023
Paydown
3137BFE98
800,000.00

FHLMC K
041
A
2 3.171%
Due
10/25/2024

0.00 2,114.00
2,114.00
06/25/2023
Paydown
09690AAC7
207,290.38
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
23,021.13

44.35 23,065.48
06/25/2023
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026

0.00 869.38
869.38
06/27/2023
Interest
02665WCZ2
1,150,000.00
American Honda Finance Note

2.4%
Due
6/27/2024

0.00 13,800.00
13,800.00
06/29/2023
Maturity
912796ZR3
20,000,000.00
US Treasury Bill

4.667%
Due
6/29/2023
19,766,650.00
233,350.00
20,000,000.00
06/30/2023
Interest
91282CEW7
1,400,000.00
US Treasury Note

3.25%
Due
6/30/2027

0.00 22,750.00
22,750.00
06/30/2023
Interest
91282CGC9
1,250,000.00
US Treasury Note

3.875%
Due
12/31/2027

0.00 24,218.75
24,218.75
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 47 ends

0.375%
Due
12/31/2025

0.00 3,750.00
3,750.00
JUN 2023
20,061,263.54
428,180.09
20,489,443.63
07/07/2023
Interest
3135G0X24
1,835,000.00
FNMA Note

1.625%
Due
1/7/2025

0.00 14,909.38
14,909.38
07/12/2023
Interest
02665WCT6
250,000.00
American Honda Finance Note

3.55%
Due
1/12/2024

0.00 4,437.50
4,437.50
07/15/2023
Interest
79466LAG9
190,000.00
Salesforce.com Inc Callable Note Cont
7/15/2022

0.625%
Due
7/15/2024

0.00 593.75
593.75
07/15/2023
Interest
87612EBM7
545,000.00
Target Corp Callable Note Cont
12/15/2026

1.95%
Due
1/15/2027

0.00 5,313.75
5,313.75
07/15/2023
Paydown
89237VAB5
32,488.40
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,706.15

10.04 1,716.19
07/15/2023
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026

0.00 783.33
783.33
07/15/2023
Paydown
44934KAC8
811,777.99
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
45,076.04
214.25
45,290.29
07/15/2023
Paydown
47789KAC7
50,172.09
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
2,910.79

38.03 2,948.82
07/15/2023
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027

0.00 3,972.63
3,972.63
07/15/2023
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
10,984.43
128.89
11,113.32
07/15/2023
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026

0.00 589.67
589.67
07/15/2023
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027

0.00 1,246.67
1,246.67
07/15/2023
Paydown
58769KAD6
419,797.85
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
41,974.01

97.97 42,071.98
07/15/2023
Paydown
89232HAC9
71,604.25
Toyota Auto Receivable Own
2020
-A A
3 1.66%
Due
5/15/2024
5,996.17

72.12 6,068.29
07/15/2023
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A

3.39%
Due
5/17/2027

0.00 2,373.00
2,373.00
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 48 ends

56.91 22,492.06
07/15/2023
Paydown
44933LAC7
308,494.61
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
22,010.27

76.79 22,087.06
07/15/2023
Paydown
47787NAC3
51,362.46
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
5,133.23

15.29 5,148.52
07/15/2023
Paydown
47788UAC6
176,732.96
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
9,283.60

44.67 9,328.27
07/15/2023
Paydown
47789QAC4
390,000.00
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,942.53
154.32
17,096.85
07/15/2023
Paydown
65479JAD5
8,591.71
Nissan Auto Receivables Owner
2019
-C A
3 1.93%
Due
7/15/2024
531.54

11.27 542.81
07/15/2023
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026

0.00 817.96
817.96
07/15/2023
Paydown
89240BAC2
116,543.50
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,704.06

18.95 9,723.01
07/16/2023
Interest
78013XZU5
1,150,000.00
Royal Bank of Canada Note

2.55%
Due
7/16/2024

0.00 14,662.50
14,662.50
07/16/2023
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
11,164.38
133.17
11,297.55
07/16/2023
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026

0.00 210.00
210.00
07/16/2023
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027

0.00 775.00
775.00
07/18/2023
Paydown
43813KAC6
177,443.11
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
22,176.97

34.21 22,211.18
07/20/2023
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A

3.72%
Due
7/20/2027

0.00 1,085.00
1,085.00
07/20/2023
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025

0.00 1,013.33
1,013.33
07/20/2023
Paydown
92290BAA9
226,961.16
Verizon Owner Trust
2020
-B A

0.47%
Due
2/20/2025
9,836.98

77.34 9,914.32
07/20/2023
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025

0.00 1,111.50
1,111.50
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 49 ends

0.375%
Due
7/21/2025

0.00 2,015.63
2,015.63
07/21/2023
Interest
90331HPL1
1,150,000.00
US Bank NA Callable Note Cont
12/21/2024

2.05%
Due
1/21/2025

0.00 11,787.50
11,787.50
07/21/2023
Paydown
43813RAC1
47,822.81
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
3,399.88

50.51 3,450.39
07/21/2023
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
14,062.98
206.71
14,269.69
07/25/2023
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026

0.00 869.38
869.38
07/25/2023
Paydown
3137BFE98
800,000.00

FHLMC K
041
A
2 3.171%
Due
10/25/2024

0.00 2,114.00
2,114.00
07/25/2023
Paydown
05601XAC3
305,000.00
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
27,363.21
229.75
27,592.96
07/25/2023
Paydown
09690AAC7
207,290.38
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
23,026.69

38.02 23,064.71
07/26/2023
Interest
3133EKWV4
500,000.00
FFCB Note

1.85%
Due
7/26/2024

0.00 4,625.00
4,625.00
07/31/2023
Interest
912828Z78
500,000.00
US Treasury Note

1.5%
Due
1/31/2027

0.00 3,750.00
3,750.00
07/31/2023
Interest
91282CCP4
1,000,000.00
US Treasury Note

0.625%
Due
7/31/2026

0.00 3,125.00
3,125.00
07/31/2023
Interest
9128285Z9
1,000,000.00
US Treasury Note

2.5%
Due
1/31/2024

0.00 12,500.00
12,500.00
07/31/2023
Maturity
912828S92
1,000,000.00
US Treasury Note

1.25%
Due
7/31/2023
1,000,000.00
6,250.00
1,006,250.00
JUL 2023
1,305,719.06
102,640.69
1,408,359.75
08/05/2023
Interest
3135G0V34
700,000.00
FNMA Note

2.5%
Due
2/5/2024

0.00 8,750.00
8,750.00
08/07/2023
Interest
637432NL5
250,000.00
National Rural Utilities Callable Note Cont
12/7/2023

2.95%
Due
2/7/2024

0.00 3,687.50
3,687.50
08/11/2023
Maturity
06406RAJ6
250,000.00
Bank of NY Mellon Corp Note

3.45%
Due
8/11/2023
250,000.00
4,312.50
254,312.50
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 50 ends

3.6%
Due
8/12/2027

0.00 12,600.00
12,600.00
08/12/2023
Interest
3137EAEP0
2,040,000.00
FHLMC Note

1.5%
Due
2/12/2025

0.00 15,300.00
15,300.00
08/15/2023
Interest
9128283W8
1,250,000.00
US Treasury Note

2.75%
Due
2/15/2028

0.00 17,187.50
17,187.50
08/15/2023
Interest
912828J27
1,850,000.00
US Treasury Note
2%
Due
2/15/2025

0.00 18,500.00
18,500.00
08/15/2023
Interest
912828V98
1,250,000.00
US Treasury Note

2.25%
Due
2/15/2027

0.00 14,062.50
14,062.50
08/15/2023
Interest
437076BC5
250,000.00
Home Depot Callable Note Cont
11/15/2023

3.75%
Due
2/15/2024

0.00 4,687.50
4,687.50
08/15/2023
Interest
912828B66
1,000,000.00
US Treasury Note

2.75%
Due
2/15/2024

0.00 13,750.00
13,750.00
08/15/2023
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026

0.00 783.33
783.33
08/15/2023
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027

0.00 1,246.67
1,246.67
08/15/2023
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027

0.00 3,972.63
3,972.63
08/15/2023
Paydown
58769KAD6
419,797.85
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
41,977.86

83.97 42,061.83
08/15/2023
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
10,986.26
122.12
11,108.38
08/15/2023
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026

0.00 589.67
589.67
08/15/2023
Paydown
47788UAC6
176,732.96
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
9,286.62

41.88 9,328.50
08/15/2023
Paydown
44891RAC4
246,967.86
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
22,443.38

49.80 22,493.18
08/15/2023
Paydown
44934KAC8
811,777.99
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
45,080.18
199.97
45,280.15
08/15/2023
Paydown
47789KAC7
50,172.09
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
2,918.79

35.36 2,954.15
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 51 ends

63.83 5,811.86
08/15/2023
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A

3.39%
Due
5/17/2027

0.00 2,373.00
2,373.00
08/15/2023
Paydown
44933LAC7
308,494.61
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
22,017.42

69.82 22,087.24
08/15/2023
Paydown
47787NAC3
51,362.46
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
5,135.23

13.11 5,148.34
08/15/2023
Paydown
47789QAC4
390,000.00
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,944.09
146.98
17,091.07
08/15/2023
Paydown
65479JAD5
8,591.71
Nissan Auto Receivables Owner
2019
-C A
3 1.93%
Due
7/15/2024
532.75

10.41 543.16
08/15/2023
Paydown
89237VAB5
32,488.40
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,706.78

9.41 1,716.19
08/15/2023
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026

0.00 817.96
817.96
08/15/2023
Paydown
89240BAC2
116,543.50
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,707.22

16.84 9,724.06
08/16/2023
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027

0.00 775.00
775.00
08/16/2023
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026

0.00 210.00
210.00
08/16/2023
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
11,166.99
126.84
11,293.83
08/18/2023
Paydown
43813KAC6
177,443.11
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
22,183.81

27.37 22,211.18
08/20/2023
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025

0.00 1,111.50
1,111.50
08/20/2023
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A

3.72%
Due
7/20/2027

0.00 1,085.00
1,085.00
08/20/2023
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025

0.00 1,013.33
1,013.33
08/20/2023
Paydown
92290BAA9
226,961.16
Verizon Owner Trust
2020
-B A

0.47%
Due
2/20/2025
9,840.83

73.49 9,914.32
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 52 ends

Cash Flow Report
As of March 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
08/21/2023
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
14,066.26
196.40
14,262.66
08/21/2023
Paydown
43813RAC1
47,822.81
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
3,404.44

45.95 3,450.39
08/25/2023
Interest
3135G05X7
1,700,000.00
FNMA Note

0.375%
Due
8/25/2025

0.00 3,187.50
3,187.50
08/25/2023
Paydown
05601XAC3
305,000.00
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
27,483.16
204.66
27,687.82
08/25/2023
Paydown
3137BFE98
800,000.00

FHLMC K
041
A
2 3.171%
Due
10/25/2024

0.00 2,114.00
2,114.00
08/25/2023
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026

0.00 869.38
869.38
08/25/2023
Paydown
09690AAC7
207,290.38
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
23,032.26

31.68 23,063.94
08/31/2023
Interest
9128283Z1
700,000.00
US Treasury Note

2.75%
Due
2/28/2025

0.00 9,625.00
9,625.00
08/31/2023
Interest
912828W48
550,000.00
US Treasury Note

2.125%
Due
2/29/2024

0.00 5,843.75
5,843.75
08/31/2023
Interest
91282CCW9
2,250,000.00
US Treasury Note

0.75%
Due
8/31/2026

0.00 8,437.50
8,437.50
08/31/2023
Interest
91282CFH9
1,000,000.00
US Treasury Note

3.125%
Due
8/31/2027

0.00 15,625.00
15,625.00
08/31/2023
Interest
912828ZC7
1,500,000.00
US Treasury Note

1.125%
Due
2/28/2025

0.00 8,437.50
8,437.50
08/31/2023
Maturity
9128284X5
1,000,000.00
US Treasury Note

2.75%
Due
8/31/2023
1,000,000.00
13,750.00
1,013,750.00
AUG 2023
1,555,662.36
196,275.11
1,751,937.47
09/03/2023
Interest
808513BY0
1,000,000.00
Charles Schwab Corp Callable Note Cont
2/3/2027

2.45%
Due
3/3/2027

0.00 12,250.00
12,250.00
09/04/2023
Interest
17275RAN2
250,000.00
Cisco Systems Note

3.625%
Due
3/4/2024

0.00 4,531.25
4,531.25
09/07/2023
Interest
24422EUX5
250,000.00
John Deere Capital Corp Note

2.6%
Due
3/7/2024

0.00 3,250.00
3,250.00
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 53 ends

3.25%
Due
3/8/2024

0.00 12,187.50
12,187.50
09/09/2023
Interest
931142EX7
500,000.00
Wal-Mart Stores Callable Note Cont
09/09/2027

3.95%
Due
9/9/2027

0.00 9,875.00
9,875.00
09/11/2023
Interest
89114QCB2
1,100,000.00
Toronto Dominion Bank Note

3.25%
Due
3/11/2024

0.00 17,875.00
17,875.00
09/11/2023
Interest
89114QCB2
250,000.00
Toronto Dominion Bank Note

3.25%
Due
3/11/2024

0.00 4,062.50
4,062.50
09/13/2023
Interest
3130A2UW4
500,000.00
FHLB Note

2.875%
Due
9/13/2024

0.00 7,187.50
7,187.50
09/14/2023
Interest
3130A4CH3
1,750,000.00
FHLB Note

2.375%
Due
3/14/2025

0.00 20,781.25
20,781.25
09/15/2023
Interest
00440EAS6
1,150,000.00
Chubb INA Holdings Inc Note

3.15%
Due
3/15/2025

0.00 18,112.50
18,112.50
09/15/2023
Interest
084664CZ2
1,095,000.00
Berkshire Hathaway Callable Note Cont
2/15/2027

2.3%
Due
3/15/2027

0.00 12,592.50
12,592.50
09/15/2023
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
10,988.08
115.35
11,103.43
09/15/2023
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026

0.00 589.67
589.67
09/15/2023
Paydown
47789KAC7
50,172.09
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
2,926.82

32.69 2,959.51
09/15/2023
Paydown
89237VAB5
32,488.40
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,707.40

8.79 1,716.19
09/15/2023
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026

0.00 817.96
817.96
09/15/2023
Paydown
44933LAC7
308,494.61
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
22,024.57

62.85 22,087.42
09/15/2023
Paydown
65479JAD5
8,591.71
Nissan Auto Receivables Owner
2019
-C A
3 1.93%
Due
7/15/2024
533.95

9.55 543.50
09/15/2023
Paydown
89232HAC9
71,604.25
Toyota Auto Receivable Own
2020
-A A
3 1.66%
Due
5/15/2024
5,498.85

55.88 5,554.73
09/15/2023
Paydown
44891RAC4
246,967.86
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
22,451.61

42.70 22,494.31
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 54 ends

3.39%
Due
5/17/2027

0.00 2,373.00
2,373.00
09/15/2023
Paydown
47787NAC3
51,362.46
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
5,137.24

10.93 5,148.17
09/15/2023
Paydown
47788UAC6
176,732.96
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
9,289.64

39.10 9,328.74
09/15/2023
Paydown
47789QAC4
390,000.00
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,945.65
139.63
17,085.28
09/15/2023
Paydown
58769KAD6
419,797.85
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
41,981.71

69.98 42,051.69
09/15/2023
Paydown
89240BAC2
116,543.50
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,710.38

14.74 9,725.12
09/15/2023
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026

0.00 783.33
783.33
09/15/2023
Paydown
44934KAC8
811,777.99
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
45,084.31
185.70
45,270.01
09/15/2023
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027

0.00 1,246.67
1,246.67
09/15/2023
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027

0.00 3,972.63
3,972.63
09/16/2023
Interest
46647PBS4
250,000.00
JP Morgan Chase & Co Callable Note Cont
9/16/2023

0.653%
Due
9/16/2024

0.00 816.25
816.25
09/16/2023
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
9,113.04
210.00
9,323.04
09/16/2023
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
11,169.60
120.51
11,290.11
09/16/2023
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027

0.00 775.00
775.00
09/17/2023
Interest
931142ER0
240,000.00
Wal-Mart Stores Callable Note Cont
08/17/2026

1.05%
Due
9/17/2026

0.00 1,260.00
1,260.00
09/18/2023
Paydown
43813KAC6
177,443.11
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
22,190.65

20.53 22,211.18
09/20/2023
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A

3.72%
Due
7/20/2027

0.00 1,085.00
1,085.00
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 55 ends

0.00 1,111.50
1,111.50
09/20/2023
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025
78,780.72
1,013.33
79,794.05
09/20/2023
Paydown
92290BAA9
226,961.16
Verizon Owner Trust
2020
-B A

0.47%
Due
2/20/2025
9,844.68

69.64 9,914.32
09/21/2023
Paydown
43813RAC1
47,822.81
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
3,409.00

41.39 3,450.39
09/21/2023
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
14,069.54
186.09
14,255.63
09/23/2023
Interest
3137EAEX3
1,560,000.00
FHLMC Note

0.375%
Due
9/23/2025

0.00 2,925.00
2,925.00
09/25/2023
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026

0.00 869.38
869.38
09/25/2023
Paydown
05601XAC3
305,000.00
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
27,603.62
179.47
27,783.09
09/25/2023
Paydown
09690AAC7
207,290.38
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
23,037.83

25.35 23,063.18
09/25/2023
Paydown
3137BFE98
800,000.00

FHLMC K
041
A
2 3.171%
Due
10/25/2024

0.00 2,114.00
2,114.00
09/28/2023
Maturity
912796CS6
20,000,000.00
US Treasury Bill

4.685%
Due
9/28/2023
19,528,897.22
471,102.78
20,000,000.00
09/30/2023
Interest
91282CFM8
1,000,000.00
US Treasury Note

4.125%
Due
9/30/2027

0.00 20,625.00
20,625.00
09/30/2023
Interest
912828W71
500,000.00
US Treasury Note

2.125%
Due
3/31/2024

0.00 5,312.50
5,312.50
09/30/2023
Interest
91282CBT7
1,500,000.00
US Treasury Note

0.75%
Due
3/31/2026

0.00 5,625.00
5,625.00
09/30/2023
Interest
91282CEF4
1,250,000.00
US Treasury Note

2.5%
Due
3/31/2027

0.00 15,625.00
15,625.00
09/30/2023
Interest
912828YH7
2,000,000.00
US Treasury Note

1.5%
Due
9/30/2024

0.00 15,000.00
15,000.00
09/30/2023
Interest
91282CEG2
750,000.00
US Treasury Note

2.25%
Due
3/31/2024

0.00 8,437.50
8,437.50
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 56 ends

Cash Flow Report
As of March 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
SEP 2023
19,922,396.11
687,826.37
20,610,222.48
10/13/2023
Interest
023135CF1
750,000.00
Amazon.com Inc Callable Note Cont
3/13/2027

3.3%
Due
4/13/2027

0.00 12,375.00
12,375.00
10/14/2023
Interest
3130AJHU6
1,900,000.00
FHLB Note

0.5%
Due
4/14/2025

0.00 4,750.00
4,750.00
10/15/2023
Interest
3135G0W66
500,000.00
FNMA Note

1.625%
Due
10/15/2024

0.00 4,062.50
4,062.50
10/15/2023
Interest
91282CBV2
750,000.00
US Treasury Note

0.375%
Due
4/15/2024

0.00 1,406.25
1,406.25
10/15/2023
Interest
74340XBN0
1,000,000.00
Prologis LP Callable Note Cont
2/15/2027

2.125%
Due
4/15/2027

0.00 10,625.00
10,625.00
10/15/2023
Interest
20030NCR0
250,000.00
Comcast Corp Callable Note Cont
3/15/2024

3.7%
Due
4/15/2024

0.00 4,625.00
4,625.00
10/15/2023
Interest
46647PBF2
1,150,000.00
JP Morgan Chase & Co Callable Note
1 X
10/15/2024

2.301%
Due
10/15/2025

0.00 13,230.75
13,230.75
10/15/2023
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
12,521.78
589.67
13,111.45
10/15/2023
Paydown
47789KAC7
50,172.09
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
2,934.87

30.00 2,964.87
10/15/2023
Paydown
89232HAC9
71,604.25
Toyota Auto Receivable Own
2020
-A A
3 1.66%
Due
5/15/2024
5,248.63

48.27 5,296.90
10/15/2023
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
10,989.92
108.57
11,098.49
10/15/2023
Paydown
44933LAC7
308,494.61
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
22,031.73

55.88 22,087.61
10/15/2023
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027

0.00 1,246.67
1,246.67
10/15/2023
Paydown
65479JAD5
8,591.71
Nissan Auto Receivables Owner
2019
-C A
3 1.93%
Due
7/15/2024
535.15

8.69 543.84
10/15/2023
Paydown
44891RAC4
246,967.86
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
22,459.84

35.59 22,495.43
10/15/2023
Paydown
44934KAC8
811,777.99
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
45,088.44
171.42
45,259.86
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 57 ends

36.31 9,328.97
10/15/2023
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027

0.00 3,972.63
3,972.63
10/15/2023
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A

3.39%
Due
5/17/2027

0.00 2,373.00
2,373.00
10/15/2023
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026
23,974.90
783.33
24,758.23
10/15/2023
Paydown
47787NAC3
51,362.46
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
5,139.26

8.74 5,148.00
10/15/2023
Paydown
47789QAC4
390,000.00
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,947.20
132.29
17,079.49
10/15/2023
Paydown
58769KAD6
419,797.85
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
41,985.55

55.99 42,041.54
10/15/2023
Paydown
89237VAB5
32,488.40
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,708.03

8.16 1,716.19
10/15/2023
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026

0.00 817.96
817.96
10/15/2023
Paydown
89240BAC2
116,543.50
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,713.53

12.64 9,726.17
10/16/2023
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
11,172.21
114.18
11,286.39
10/16/2023
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027

0.00 775.00
775.00
10/16/2023
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
9,152.99
200.43
9,353.42
10/17/2023
Interest
89236TDW2
250,000.00
Toyota Motor Credit Corp Note

2.9%
Due
4/17/2024

0.00 3,625.00
3,625.00
10/18/2023
Paydown
43813KAC6
177,443.11
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
22,197.49

13.69 22,211.18
10/20/2023
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025

0.00 1,111.50
1,111.50
10/20/2023
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A

3.72%
Due
7/20/2027

0.00 1,085.00
1,085.00
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 58 ends

Cash Flow Report
As of March 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
10/20/2023
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025
79,126.04
888.60
80,014.64
10/20/2023
Paydown
92290BAA9
226,961.16
Verizon Owner Trust
2020
-B A

0.47%
Due
2/20/2025
9,848.54

65.78 9,914.32
10/21/2023
Paydown
43813RAC1
47,822.81
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
3,413.58

36.81 3,450.39
10/21/2023
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
14,072.82
175.77
14,248.59
10/22/2023
Interest
3135G03U5
805,000.00
FNMA Note

0.625%
Due
4/22/2025

0.00 2,515.63
2,515.63
10/22/2023
Interest
46647PBK1
500,000.00
JP Morgan Chase & Co Callable Note Cont
4/22/2025

2.083%
Due
4/22/2026

0.00 5,207.50
5,207.50
10/24/2023
Interest
06051GJH3
250,000.00
Bank of America Corp Callable Note Cont
10/24/2023

0.81%
Due
10/24/2024

0.00 1,012.50
1,012.50
10/25/2023
Paydown
09690AAC7
207,290.38
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
23,043.39

19.02 23,062.41
10/25/2023
Paydown
05601XAC3
305,000.00
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
27,724.62
154.17
27,878.79
10/25/2023
Paydown
3137BFE98
800,000.00

FHLMC K
041
A
2 3.171%
Due
10/25/2024

0.00 2,114.00
2,114.00
10/25/2023
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
34,453.17
869.38
35,322.55
10/31/2023
Interest
91282CFU0
1,100,000.00
US Treasury Note

4.125%
Due
10/31/2027

0.00 22,687.50
22,687.50
10/31/2023
Interest
91282CBW0
1,000,000.00
US Treasury Note

0.75%
Due
4/30/2026

0.00 3,750.00
3,750.00
10/31/2023
Interest
91282CEN7
2,500,000.00
US Treasury Note

2.75%
Due
4/30/2027

0.00 34,375.00
34,375.00
10/31/2023
Interest
912828X70
2,000,000.00
US Treasury Note
2%
Due
4/30/2024

0.00 20,000.00
20,000.00
10/31/2023
Interest
91282CDG3
3,000,000.00
US Treasury Note

1.125%
Due
10/31/2026

0.00 16,875.00
16,875.00
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 59 ends

1.625%
Due
10/31/2023
1,000,000.00
8,125.00
1,008,125.00
OCT 2023
1,464,776.34
187,366.77
1,652,143.11
11/01/2023
Interest
06367WB85
1,150,000.00
Bank of Montreal Note

1.85%
Due
5/1/2025

0.00 10,637.50
10,637.50
11/07/2023
Interest
3135G06G3
1,680,000.00
FNMA Note

0.5%
Due
11/7/2025

0.00 4,200.00
4,200.00
11/08/2023
Interest
14913Q3B3
650,000.00
Caterpillar Finl Service Note

2.15%
Due
11/8/2024

0.00 6,987.50
6,987.50
11/12/2023
Interest
023135BW5
755,000.00
Amazon.com Inc Note

0.45%
Due
5/12/2024

0.00 1,698.75
1,698.75
11/13/2023
Interest
14913R2V8
445,000.00
Caterpillar Financial Service Note

3.4%
Due
5/13/2025

0.00 7,565.00
7,565.00
11/15/2023
Interest
91324PEC2
1,245,000.00
United Health Group Inc Callable Note Cont
4/15/2026

1.15%
Due
5/15/2026

0.00 7,158.75
7,158.75
11/15/2023
Interest
927804GH1
250,000.00
Virginia Electric Power Corp Callable Note Cont.
4/15/2027

3.75%
Due
5/15/2027

0.00 4,687.50
4,687.50
11/15/2023
Interest
00440EAR8
250,000.00
Chubb INA Holdings Inc Note

3.35%
Due
5/15/2024

0.00 4,187.50
4,187.50
11/15/2023
Interest
91324PEB4
250,000.00
United Health Group Inc Callable Note Cont
5/15/2022

0.55%
Due
5/15/2024

0.00 687.50
687.50
11/15/2023
Interest
912828WJ5
2,000,000.00
US Treasury Note

2.5%
Due
5/15/2024

0.00 25,000.00
25,000.00
11/15/2023
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A

3.39%
Due
5/17/2027

0.00 2,373.00
2,373.00
11/15/2023
Paydown
44891RAC4
246,967.86
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
22,468.07

28.48 22,496.55
11/15/2023
Paydown
44933LAC7
308,494.61
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
22,038.89

48.90 22,087.79
11/15/2023
Paydown
47787NAC3
51,362.46
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
5,141.27

6.56 5,147.83
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 60 ends

33.52 9,329.20
11/15/2023
Paydown
47789QAC4
390,000.00
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,948.75
124.95
17,073.70
11/15/2023
Paydown
65479JAD5
8,591.71
Nissan Auto Receivables Owner
2019
-C A
3 1.93%
Due
7/15/2024
536.35

7.83 544.18
11/15/2023
Paydown
89240BAC2
116,543.50
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,716.69

10.53 9,727.22
11/15/2023
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026
24,079.99
745.77
24,825.76
11/15/2023
Paydown
44934KAC8
811,777.99
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
45,092.58
157.14
45,249.72
11/15/2023
Paydown
47789KAC7
50,172.09
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
2,942.94

27.31 2,970.25
11/15/2023
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027

0.00 3,972.63
3,972.63
11/15/2023
Paydown
89237VAB5
32,488.40
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,708.66

7.53 1,716.19
11/15/2023
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
10,991.75
101.79
11,093.54
11/15/2023
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
12,537.85
565.46
13,103.31
11/15/2023
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027

0.00 1,246.67
1,246.67
11/15/2023
Paydown
58769KAD6
419,797.85
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
41,989.41

41.99 42,031.40
11/15/2023
Paydown
89232HAC9
71,604.25
Toyota Auto Receivable Own
2020
-A A
3 1.66%
Due
5/15/2024
4,997.36

41.01 5,038.37
11/15/2023
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
15,636.06
817.96
16,454.02
11/16/2023
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
11,174.81
107.85
11,282.66
11/16/2023
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
9,193.11
190.82
9,383.93
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 61 ends

0.00 775.00
775.00
11/18/2023
Paydown
43813KAC6
177,443.11
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
22,204.33

6.85 22,211.18
11/20/2023
Interest
747525AT0
1,150,000.00
Qualcomm Inc Callable Note Cont
3/20/2024

2.9%
Due
5/20/2024

0.00 16,675.00
16,675.00
11/20/2023
Interest
747525AT0
250,000.00
Qualcomm Inc Callable Note Cont
3/20/2024

2.9%
Due
5/20/2024

0.00 3,625.00
3,625.00
11/20/2023
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A

3.72%
Due
7/20/2027

0.00 1,085.00
1,085.00
11/20/2023
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025

0.00 1,111.50
1,111.50
11/20/2023
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025
79,472.88
763.31
80,236.19
11/20/2023
Paydown
92290BAA9
226,961.16
Verizon Owner Trust
2020
-B A

0.47%
Due
2/20/2025
9,852.40

61.92 9,914.32
11/21/2023
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
14,076.11
165.45
14,241.56
11/21/2023
Paydown
43813RAC1
47,822.81
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
3,418.16

32.23 3,450.39
11/25/2023
Paydown
05601XAC3
305,000.00
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
27,846.15
128.75
27,974.90
11/25/2023
Paydown
09690AAC7
207,290.38
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
23,048.96

12.68 23,061.64
11/25/2023
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
32,578.59
777.21
33,355.80
11/25/2023
Paydown
3137BFE98
800,000.00

FHLMC K
041
A
2 3.171%
Due
10/25/2024

0.00 2,114.00
2,114.00
11/30/2023
Interest
91282CER8
750,000.00
US Treasury Note

2.5%
Due
5/31/2024

0.00 9,375.00
9,375.00
11/30/2023
Interest
9128283J7
2,000,000.00
US Treasury Note

2.125%
Due
11/30/2024

0.00 21,250.00
21,250.00
11/30/2023
Interest
91282CAZ4
2,000,000.00
US Treasury Note

0.375%
Due
11/30/2025

0.00 3,750.00
3,750.00
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 62 ends

0.79%
Due
5/30/2025

0.00 4,898.00
4,898.00
11/30/2023
Maturity
91282CDM0
1,000,000.00
US Treasury Note

0.5%
Due
11/30/2023
1,000,000.00
2,500.00
1,002,500.00
NOV 2023
1,478,987.80
152,574.60
1,631,562.40
12/10/2023
Interest
78015K7H1
400,000.00
Royal Bank of Canada Note

1.15%
Due
6/10/2025

0.00 2,300.00
2,300.00
12/12/2023
Interest
3130ATUC9
1,800,000.00
FHLB Note

4.5%
Due
12/12/2025

0.00 40,500.00
40,500.00
12/13/2023
Interest
3130A3GE8
1,850,000.00
FHLB Note

2.75%
Due
12/13/2024

0.00 25,437.50
25,437.50
12/14/2023
Interest
3130A1XJ2
680,000.00
FHLB Note

2.875%
Due
6/14/2024

0.00 9,775.00
9,775.00
12/15/2023
Interest
63743HFE7
685,000.00
National Rural Utilities Note

3.45%
Due
6/15/2025

0.00 11,816.25
11,816.25
12/15/2023
Paydown
89232HAC9
71,604.25
Toyota Auto Receivable Own
2020
-A A
3 1.66%
Due
5/15/2024
4,745.04

34.10 4,779.14
12/15/2023
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
10,993.58

95.01 11,088.59
12/15/2023
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
12,553.94
541.22
13,095.16
12/15/2023
Paydown
47788UAC6
176,732.96
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
9,298.69

30.74 9,329.43
12/15/2023
Paydown
58769KAD6
419,797.85
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
41,993.25

28.00 42,021.25
12/15/2023
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026
24,185.53
708.05
24,893.58
12/15/2023
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027

0.00 1,246.67
1,246.67
12/15/2023
Paydown
44891RAC4
246,967.86
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
22,476.31

21.36 22,497.67
12/15/2023
Paydown
44934KAC8
811,777.99
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
45,096.70
142.87
45,239.57
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 63 ends

24.62 2,975.65
12/15/2023
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027

0.00 3,972.63
3,972.63
12/15/2023
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A

3.39%
Due
5/17/2027

0.00 2,373.00
2,373.00
12/15/2023
Paydown
44933LAC7
308,494.61
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
22,046.06

41.92 22,087.98
12/15/2023
Paydown
47787NAC3
51,362.46
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
5,143.29

4.37 5,147.66
12/15/2023
Paydown
47789QAC4
390,000.00
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,950.31
117.60
17,067.91
12/15/2023
Paydown
65479JAD5
8,591.71
Nissan Auto Receivables Owner
2019
-C A
3 1.93%
Due
7/15/2024
537.56

6.97 544.53
12/15/2023
Paydown
89237VAB5
32,488.40
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,709.28

6.91 1,716.19
12/15/2023
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
15,667.30
779.78
16,447.08
12/15/2023
Paydown
89240BAC2
116,543.50
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,719.84

8.43 9,728.27
12/16/2023
Interest
46647PBS4
250,000.00
JP Morgan Chase & Co Callable Note Cont
9/16/2023

0.653%
Due
9/16/2024

0.00 3,456.74
3,456.74
12/16/2023
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027
13,601.79
775.00
14,376.79
12/16/2023
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
9,233.40
181.17
9,414.57
12/16/2023
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
11,177.42
101.52
11,278.94
12/17/2023
Interest
3135G04Z3
2,020,000.00
FNMA Note

0.5%
Due
6/17/2025

0.00 5,050.00
5,050.00
12/18/2023
Interest
89236TJK2
810,000.00
Toyota Motor Credit Corp Note

1.125%
Due
6/18/2026

0.00 4,556.25
4,556.25
12/19/2023
Interest
06051GJD2
500,000.00
Bank of America Corp Callable Note Cont
6/19/2025

1.319%
Due
6/19/2026

0.00 3,297.50
3,297.50
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 64 ends

0.00 1,111.50
1,111.50
12/20/2023
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A

3.72%
Due
7/20/2027

0.00 1,085.00
1,085.00
12/20/2023
Paydown
92290BAA9
226,961.16
Verizon Owner Trust
2020
-B A

0.47%
Due
2/20/2025
9,856.26

58.06 9,914.32
12/20/2023
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025
79,821.23
637.48
80,458.71
12/21/2023
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
14,079.39
155.13
14,234.52
12/21/2023
Paydown
43813RAC1
47,822.81
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
3,422.74

27.65 3,450.39
12/25/2023
Paydown
05601XAC3
305,000.00
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
27,968.20
103.23
28,071.43
12/25/2023
Paydown
3137BFE98
800,000.00

FHLMC K
041
A
2 3.171%
Due
10/25/2024

0.00 2,114.00
2,114.00
12/25/2023
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
30,700.37
690.07
31,390.44
12/25/2023
Paydown
09690AAC7
207,290.38
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
23,054.53

6.34 23,060.87
12/27/2023
Interest
02665WCZ2
1,150,000.00
American Honda Finance Note

2.4%
Due
6/27/2024

0.00 13,800.00
13,800.00
12/31/2023
Interest
91282CBC4
2,000,000.00
US Treasury Note

0.375%
Due
12/31/2025

0.00 3,750.00
3,750.00
12/31/2023
Interest
91282CEW7
1,400,000.00
US Treasury Note

3.25%
Due
6/30/2027

0.00 22,750.00
22,750.00
12/31/2023
Interest
91282CGC9
1,250,000.00
US Treasury Note

3.875%
Due
12/31/2027

0.00 24,218.75
24,218.75
DEC 2023
468,983.04
187,938.39
656,921.43
01/07/2024
Interest
3135G0X24
1,835,000.00
FNMA Note

1.625%
Due
1/7/2025

0.00 14,909.38
14,909.38
01/12/2024
Maturity
02665WCT6
250,000.00
American Honda Finance Note

3.55%
Due
1/12/2024
250,000.00
4,437.50
254,437.50
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 65 ends

0.625%
Due
7/15/2024

0.00 593.75
593.75
01/15/2024
Interest
87612EBM7
545,000.00
Target Corp Callable Note Cont
12/15/2026

1.95%
Due
1/15/2027

0.00 5,313.75
5,313.75
01/15/2024
Paydown
89237VAB5
32,488.40
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,709.91

6.28 1,716.19
01/15/2024
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026
24,291.54
670.16
24,961.70
01/15/2024
Paydown
47789QAC4
390,000.00
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,951.85
110.26
17,062.11
01/15/2024
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027

0.00 3,972.63
3,972.63
01/15/2024
Paydown
89232HAC9
71,604.25
Toyota Auto Receivable Own
2020
-A A
3 1.66%
Due
5/15/2024
4,491.66

27.53 4,519.19
01/15/2024
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
15,698.59
741.53
16,440.12
01/15/2024
Paydown
89240BAC2
116,543.50
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,723.01

6.32 9,729.33
01/15/2024
Paydown
44891RAC4
246,967.86
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
22,484.56

14.24 22,498.80
01/15/2024
Paydown
44933LAC7
308,494.61
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
22,053.22

34.94 22,088.16
01/15/2024
Paydown
44934KAC8
811,777.99
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
45,100.84
128.58
45,229.42
01/15/2024
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
12,570.05
516.95
13,087.00
01/15/2024
Paydown
47787NAC3
51,362.46
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
5,145.30

2.19 5,147.49
01/15/2024
Paydown
47789KAC7
50,172.09
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
2,959.15

21.91 2,981.06
01/15/2024
Paydown
65479JAD5
8,591.71
Nissan Auto Receivables Owner
2019
-C A
3 1.93%
Due
7/15/2024
538.76

6.11 544.87
01/15/2024
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A

3.39%
Due
5/17/2027

0.00 2,373.00
2,373.00
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 66 ends

88.23 11,083.65
01/15/2024
Paydown
47788UAC6
176,732.96
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
9,301.72

27.95 9,329.67
01/15/2024
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027

0.00 1,246.67
1,246.67
01/15/2024
Paydown
58769KAD6
419,797.85
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
41,997.10

14.00 42,011.10
01/16/2024
Interest
78013XZU5
1,150,000.00
Royal Bank of Canada Note

2.55%
Due
7/16/2024

0.00 14,662.50
14,662.50
01/16/2024
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
11,180.02

95.19 11,275.21
01/16/2024
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
9,273.88
171.47
9,445.35
01/16/2024
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027
13,605.08
739.86
14,344.94
01/20/2024
Paydown
92290BAA9
226,961.16
Verizon Owner Trust
2020
-B A

0.47%
Due
2/20/2025
9,860.12

54.20 9,914.32
01/20/2024
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025
55,673.91
1,111.50
56,785.41
01/20/2024
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A

3.72%
Due
7/20/2027
20,082.39
1,085.00
21,167.39
01/20/2024
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025
80,171.11
511.10
80,682.21
01/21/2024
Interest
3137EAEU9
1,075,000.00
FHLMC Note

0.375%
Due
7/21/2025

0.00 2,015.63
2,015.63
01/21/2024
Interest
90331HPL1
1,150,000.00
US Bank NA Callable Note Cont
12/21/2024

2.05%
Due
1/21/2025

0.00 11,787.50
11,787.50
01/21/2024
Paydown
43813RAC1
47,822.81
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
3,427.34

23.05 3,450.39
01/21/2024
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
14,082.68
144.80
14,227.48
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 67 ends

0.81%
Due
10/24/2024

0.00 3,584.17
3,584.17
01/25/2024
Paydown
05601XAC3
305,000.00
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
28,090.80

77.59 28,168.39
01/25/2024
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
28,818.54
607.94
29,426.48
01/25/2024
Paydown
3137BFE98
800,000.00

FHLMC K
041
A
2 3.171%
Due
10/25/2024

0.00 2,114.00
2,114.00
01/26/2024
Interest
3133EKWV4
500,000.00
FFCB Note

1.85%
Due
7/26/2024

0.00 4,625.00
4,625.00
01/31/2024
Interest
912828Z78
500,000.00
US Treasury Note

1.5%
Due
1/31/2027

0.00 3,750.00
3,750.00
01/31/2024
Interest
91282CCP4
1,000,000.00
US Treasury Note

0.625%
Due
7/31/2026

0.00 3,125.00
3,125.00
01/31/2024
Maturity
9128285Z9
1,000,000.00
US Treasury Note

2.5%
Due
1/31/2024
1,000,000.00
12,500.00
1,012,500.00
JAN 2024
1,770,278.55
98,049.36
1,868,327.91
02/05/2024
Maturity
3135G0V34
700,000.00
FNMA Note

2.5%
Due
2/5/2024
700,000.00
8,750.00
708,750.00
02/07/2024
Maturity
637432NL5
250,000.00
National Rural Utilities Callable Note Cont
12/7/2023

2.95%
Due
2/7/2024
250,000.00
3,687.50
253,687.50
02/12/2024
Interest
3137EAEP0
2,040,000.00
FHLMC Note

1.5%
Due
2/12/2025

0.00 15,300.00
15,300.00
02/12/2024
Interest
14913R3A3
700,000.00
Caterpillar Financial Service Note

3.6%
Due
8/12/2027

0.00 12,600.00
12,600.00
02/15/2024
Interest
912828J27
1,850,000.00
US Treasury Note
2%
Due
2/15/2025

0.00 18,500.00
18,500.00
02/15/2024
Interest
9128283W8
1,250,000.00
US Treasury Note

2.75%
Due
2/15/2028

0.00 17,187.50
17,187.50
02/15/2024
Interest
912828V98
1,250,000.00
US Treasury Note

2.25%
Due
2/15/2027

0.00 14,062.50
14,062.50
02/15/2024
Maturity
437076BC5
250,000.00
Home Depot Callable Note Cont
11/15/2023

3.75%
Due
2/15/2024
250,000.00
4,687.50
254,687.50
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 68 ends

2.75%
Due
2/15/2024
1,000,000.00
13,750.00
1,013,750.00
02/15/2024
Paydown
44933LAC7
308,494.61
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
22,060.38

27.96 22,088.34
02/15/2024
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
12,586.19
492.64
13,078.83
02/15/2024
Paydown
47789KAC7
50,172.09
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
2,967.28

19.20 2,986.48
02/15/2024
Paydown
47789QAC4
390,000.00
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,953.41
102.91
17,056.32
02/15/2024
Paydown
89237VAB5
32,488.40
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,710.54

5.65 1,716.19
02/15/2024
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
15,729.95
703.20
16,433.15
02/15/2024
Paydown
89240BAC2
116,543.50
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,726.16

4.22 9,730.38
02/15/2024
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026
24,398.02
632.10
25,030.12
02/15/2024
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027

0.00 1,246.67
1,246.67
02/15/2024
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A

3.39%
Due
5/17/2027

0.00 2,373.00
2,373.00
02/15/2024
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
10,997.25

81.45 11,078.70
02/15/2024
Paydown
47788UAC6
176,732.96
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
9,304.74

25.16 9,329.90
02/15/2024
Paydown
44891RAC4
246,967.86
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
22,492.80

7.12 22,499.92
02/15/2024
Paydown
44934KAC8
811,777.99
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
45,104.98
114.30
45,219.28
02/15/2024
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027

0.00 3,972.63
3,972.63
02/15/2024
Paydown
65479JAD5
8,591.71
Nissan Auto Receivables Owner
2019
-C A
3 1.93%
Due
7/15/2024
539.98

5.24 545.22
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 69 ends

21.32 4,258.54
02/16/2024
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
11,182.64

88.85 11,271.49
02/16/2024
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027
13,608.36
704.72
14,313.08
02/16/2024
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
9,314.52
161.74
9,476.26
02/20/2024
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025
55,687.36
952.83
56,640.19
02/20/2024
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A

3.72%
Due
7/20/2027
20,144.65
1,022.74
21,167.39
02/20/2024
Paydown
92290BAA9
226,961.16
Verizon Owner Trust
2020
-B A

0.47%
Due
2/20/2025
9,863.98

50.34 9,914.32
02/20/2024
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025
80,522.53
384.16
80,906.69
02/21/2024
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
14,085.97
134.47
14,220.44
02/21/2024
Paydown
43813RAC1
47,822.81
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
3,431.93

18.46 3,450.39
02/25/2024
Interest
3135G05X7
1,700,000.00
FNMA Note

0.375%
Due
8/25/2025

0.00 3,187.50
3,187.50
02/25/2024
Paydown
05601XAC3
305,000.00
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
28,213.93

51.84 28,265.77
02/25/2024
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
26,933.08
530.85
27,463.93
02/25/2024
Paydown
3137BFE98
800,000.00

FHLMC K
041
A
2 3.171%
Due
10/25/2024

0.00 2,114.00
2,114.00
02/29/2024
Interest
912828ZC7
1,500,000.00
US Treasury Note

1.125%
Due
2/28/2025

0.00 8,437.50
8,437.50
02/29/2024
Interest
9128283Z1
700,000.00
US Treasury Note

2.75%
Due
2/28/2025

0.00 9,625.00
9,625.00
02/29/2024
Interest
91282CCW9
2,250,000.00
US Treasury Note

0.75%
Due
8/31/2026

0.00 8,437.50
8,437.50
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 70 ends

3.125%
Due
8/31/2027

0.00 15,625.00
15,625.00
02/29/2024
Maturity
912828W48
550,000.00
US Treasury Note

2.125%
Due
2/29/2024
550,000.00
5,843.75
555,843.75
FEB 2024
3,221,797.85
175,731.02
3,397,528.87
03/03/2024
Interest
808513BY0
1,000,000.00
Charles Schwab Corp Callable Note Cont
2/3/2027

2.45%
Due
3/3/2027

0.00 12,250.00
12,250.00
03/04/2024
Maturity
17275RAN2
250,000.00
Cisco Systems Note

3.625%
Due
3/4/2024
250,000.00
4,531.25
254,531.25
03/07/2024
Maturity
24422EUX5
250,000.00
John Deere Capital Corp Note

2.6%
Due
3/7/2024
250,000.00
3,250.00
253,250.00
03/08/2024
Maturity
3130A0XE5
750,000.00
FHLB Note

3.25%
Due
3/8/2024
750,000.00
12,187.50
762,187.50
03/09/2024
Interest
931142EX7
500,000.00
Wal-Mart Stores Callable Note Cont
09/09/2027

3.95%
Due
9/9/2027

0.00 9,875.00
9,875.00
03/11/2024
Maturity
89114QCB2
1,100,000.00
Toronto Dominion Bank Note

3.25%
Due
3/11/2024
1,100,000.00
17,875.00
1,117,875.00
03/11/2024
Maturity
89114QCB2
250,000.00
Toronto Dominion Bank Note

3.25%
Due
3/11/2024
250,000.00
4,062.50
254,062.50
03/13/2024
Interest
3130A2UW4
500,000.00
FHLB Note

2.875%
Due
9/13/2024

0.00 7,187.50
7,187.50
03/14/2024
Interest
3130A4CH3
1,750,000.00
FHLB Note

2.375%
Due
3/14/2025

0.00 20,781.25
20,781.25
03/15/2024
Interest
00440EAS6
1,150,000.00
Chubb INA Holdings Inc Note

3.15%
Due
3/15/2025

0.00 18,112.50
18,112.50
03/15/2024
Interest
084664CZ2
1,095,000.00
Berkshire Hathaway Callable Note Cont
2/15/2027

2.3%
Due
3/15/2027

0.00 12,592.50
12,592.50
03/15/2024
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
10,999.08

74.67 11,073.75
03/15/2024
Paydown
47789QAC4
390,000.00
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,954.96

95.57 17,050.53
03/15/2024
Paydown
89232HAC9
71,604.25
Toyota Auto Receivable Own
2020
-A A
3 1.66%
Due
5/15/2024
3,981.71

15.46 3,997.17
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 71 ends

Cash Flow Report
As of March 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
03/15/2024
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
15,761.37
664.79
16,426.16
03/15/2024
Paydown
89240BAC2
116,543.50
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,729.32

2.11 9,731.43
03/15/2024
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A

3.39%
Due
5/17/2027

0.00 2,373.00
2,373.00
03/15/2024
Paydown
47789KAC7
50,172.09
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
2,975.44

16.48 2,991.92
03/15/2024
Paydown
89237VAB5
32,488.40
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,711.16

5.03 1,716.19
03/15/2024
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026
24,504.97
593.88
25,098.85
03/15/2024
Paydown
47788UAC6
176,732.96
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
9,307.77

22.36 9,330.13
03/15/2024
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027
16,286.99
1,246.67
17,533.66
03/15/2024
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027

0.00 3,972.63
3,972.63
03/15/2024
Paydown
44933LAC7
308,494.61
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
22,067.56

20.97 22,088.53
03/15/2024
Paydown
44934KAC8
811,777.99
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
45,109.11
100.02
45,209.13
03/15/2024
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
12,602.34
468.31
13,070.65
03/15/2024
Paydown
65479JAD5
8,591.71
Nissan Auto Receivables Owner
2019
-C A
3 1.93%
Due
7/15/2024
541.20

4.37 545.57
03/16/2024
Interest
46647PBS4
250,000.00
JP Morgan Chase & Co Callable Note Cont
9/16/2023

0.653%
Due
9/16/2024

0.00 3,456.74
3,456.74
03/16/2024
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
11,185.25

82.51 11,267.76
03/16/2024
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027
13,611.66
669.56
14,281.22
03/16/2024
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
9,355.36
151.95
9,507.31
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 72 ends

1.05%
Due
9/17/2026

0.00 1,260.00
1,260.00
03/20/2024
Call
747525AT0
1,150,000.00
Qualcomm Inc Callable Note Cont
3/20/2024

2.9%
Due
5/20/2024
1,150,000.00
11,116.67
1,161,116.67
03/20/2024
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A

3.72%
Due
7/20/2027
20,207.09
960.30
21,167.39
03/20/2024
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025
55,700.82
794.12
56,494.94
03/20/2024
Paydown
92290BAA9
226,961.16
Verizon Owner Trust
2020
-B A

0.47%
Due
2/20/2025
9,867.84

46.48 9,914.32
03/20/2024
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025
80,875.49
256.67
81,132.16
03/21/2024
Paydown
43813RAC1
47,822.81
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
3,436.54

13.85 3,450.39
03/21/2024
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
14,089.25
124.14
14,213.39
03/23/2024
Interest
3137EAEX3
1,560,000.00
FHLMC Note

0.375%
Due
9/23/2025

0.00 2,925.00
2,925.00
03/25/2024
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
25,043.96
458.81
25,502.77
03/25/2024
Paydown
3137BFE98
800,000.00

FHLMC K
041
A
2 3.171%
Due
10/25/2024

0.00 2,114.00
2,114.00
03/25/2024
Paydown
05601XAC3
305,000.00
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
28,337.60

25.98 28,363.58
MAR 2024
4,214,243.84
156,838.10
4,371,081.94
TOTAL
57,714,853.17
3,092,508.58
60,807,361.75
Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 73 ends

Important Disclosures
City of Vallejo Consolidated
Account #262
Chandler Asset Management, Inc.
;͞
Chandler
͟Ϳ
is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV). To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.

Custody:

Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

Valuation:

Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance:

Performance results are presented gross-of-advisory fees and represent the client ͛
s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Source ice Data Indices, LLC ("ICE"), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN "AS IS" BASIS; ICE, ITS AFFILIATES AND THEIR RESPECTIVE

THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES OR

THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN "AS IS" BASIS AND LICENSEE'S USE IS AT LICENSEE'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

Ratings:

Ratings information have been provided by Moody
͛
s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities ;͞
MBS
͟Ϳ
reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody ͛
s and Fitch respectively.

Execution Time: 4/5/2023 7:08:36 AM
Chandler Asset Management - CONFIDENTIAL

Page 74 ends

CONSENT CALENDAR 8.E.

DATE: April 25, 2023
TO: Mayor and Members of the City Council
FROM: Gillian Hayes, Assistant City Manager
SUBJECT: ADOPTION OF A RESOLUTION APPROVING THE HUD-REQUIRED ANNUAL ACTION PLAN (AAP) FOR FISCAL YEAR (FY) 2023-24, AND FUNDING ALLOCATIONS FOR

COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM AND HOME

INVESTMENT PARTNERSHIPS (HOME) PROGRAM PROJECTS AND ACTIVITIES

RECOMMENDATION
Adopt a Resolution approving the City of Vallejo's Annual Action Plan (AAP) for Fiscal Year (FY) 2023-24 and funding allocations for submission to the U. S. Department of Housing and Urban Development (HUD), as recommended by the Housing and Community Development (HCD) Commission and staff.

REASONS FOR RECOMMENDATION
By submitting the Annual Action Plan (Attachment 2) to HUD, the City maintains its eligibility for and may receive federal Community Development Block Grant (CDBG) Program and HOME Investment Partnerships (HOME) Program funds in FY 2023-24. These funds benefit the City by helping it to accomplish its affordable housing and community development goals.

BACKGROUND AND DISCUSSION
By May 15 of each year, the City is required by HUD to submit an "Annual Action Plan" (AAP) in order to receive funds for several affordable housing and community development programs. The AAP includes the allocation of FY 2023-24 (July 1, 2023 to June 30, 2024) CDBG Program and HOME Program funds to projects and activities. The Draft 2023-24 AAP is shown in Attachment 2,

Consolidated Plan Process

The FY 2020-24 Five-Year Consolidated Plan was adopted by the City Council in July, 2020. On December 1, 2022 the HCD Commission held a public hearing to receive comments on affordable housing and community development needs in Vallejo. The purpose of this hearing was to determine whether the needs and priorities identified in the Consolidated Plan had significantly changed and if so, what if any revisions to projects and activities may be appropriate. Two public speakers made comments at the December 1st hearing. These comments were consistent with the priorities in the adopted Consolidated Plan. No written comments were received.

The HCD Commission and the City Council have taken actions to support the development of the FY 2023-24 AAP. In December 2022, the HCD Commission recommended and the City Council adopted a CDBG Program and HOME Program funding process and criteria for FY 2023-24. On January 9, 2023 the City issued FY 2023-24 RFPs and Applications for Funding, inviting non-profit organizations to submit proposals for affordable housing and social service projects and activities. A Mandatory Briefing Session on the FY 2023-24 Applications was hosted by staff for non-profit agencies on January 19, 2023. The Applications were due not later than February 6, 2023. Three responsive social service applications were received, requesting CDBG Program funds; two responsive public facility requests were submitted, requesting CDBG Program funds; and one responsive affordable housing proposal was submitted, for the Sonoma Estates Ownership

Date: April 25, 2023
Subject: ADOPTION OF A RESOLUTION APPROVING THE HUD-REQUIRED ANNUAL ACTION PLAN (AAP) FOR FISCAL YEAR (FY) 2023-24, AND FUNDING ALLOCATIONS FOR

COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM AND HOME

INVESTMENT PARTNERSHIPS (HOME) PROGRAM PROJECTS AND ACTIVITIES

Page 2 ends

Housing Project. requesting both CDBG Program and HOME Program funds. In February, 2023 staff screened the Applications received for consistency with the Consolidated Plan, and to ensure they were substantially complete.

In December, 2022 the HCD Commission formed an Ad Hoc Committee on the FY 2023-24 CDBG Program and HOME Program funding process, to include eventual funding recommendations from the Ad Hoc Committee and staff to the HCD Commission. The Ad Hoc Committee and staff met on March 9, 2023 to receive presentations from the non-profit agencies that requested FY 2023-24 CDBG Program and HOME Program funds. On March 15, 2023 the Ad Hoc Committee and staff met to review the Applications and input received on March 9th, and then developed recommendations for the HCD Commission's consideration and action. The Ad Hoc Committee and staff were in agreement on the proposed projects and activities, and funding amounts, for FY 2023-24.

During its regular meeting on April 6, 2023, the HCD Commission held a public hearing on the Draft AAP for FY 2023-24, which includes CDBG Program and HOME Program funding recommendations. There was one speaker on the Draft AAP: a consultant for Community Housing Development Corporation (CHDC) spoke in support of a $1.2 million funding request from CHDC for the Sonoma Estates Ownership Housing Project, which proposes to build eleven units of affordable for-ownership housing. The CHDC representative also requested an extension to complete the project. After the public hearing, the HCD Commission voted unanimously, 6-0-0, to recommend the FY 2023-24 AAP for approval by the City Council, as presented by the Ad Hoc Committee and staff.

A 30-day written comment period on the Draft FY 2023-24 AAP began on March 23, 2023 and was scheduled to end on April 24, 2023.

The HCD Commission and staff's recommendations include the CDBG Program and HOME Program FY 2023-24 activities and funding allocations as shown in Attachments 3 and 4, respectively.

Key Program Requirements

CDBG Program - CDBG projects and activities receiving funding must: (1) meet a national objective of the program, and (2) qualify as an eligible activity. Projects must be completed and funds must be expended in a timely manner, or funds are recaptured by HUD.

(1) Program Administration - In each fiscal year, no more than twenty percent of the City's FY 2023-24 CDBG Program Entitlement grant and twenty percent of projected FY 2023-24 CDBG program income (revenue) may be expended on costs related to meeting the administrative requirements of the program. Typically, the City Council has allocated the maximum amount allowed by HUD to CDBG Program Administration.

(2) Social (Public) Services - No more than fifteen percent of the FY 2023-24 CDBG Program Entitlement grant and fifteen percent of FY 2022-23 ("prior year") program income received may be expended on social service activities. Staff estimates that approximately $100,000 will be available to allocate to social services in FY 2023-24.

HOME Program - The City must provide a 25 percent non-federal match for all HOME project costs. Similar to the CDBG Program, HOME-funded projects must be completed and funds spent in a timely manner, or funds are recaptured by HUD.

Date: April 25, 2023
Subject: ADOPTION OF A RESOLUTION APPROVING THE HUD-REQUIRED ANNUAL ACTION PLAN (AAP) FOR FISCAL YEAR (FY) 2023-24, AND FUNDING ALLOCATIONS FOR

COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM AND HOME

INVESTMENT PARTNERSHIPS (HOME) PROGRAM PROJECTS AND ACTIVITIES

Page 3 ends

(1) Program Administration - No more than ten percent of the FY 2023-24 HOME Program Entitlement grant and ten percent of FY 2023-24 projected HOME program income may be expended on HOME program administration costs. Annually, the City Council has approved budget authority for the maximum amount allowed by HUD for HOME Program Administration.

(2) Community Housing Development Organization ("CHDO") Project and Operating (Soft) Costs - The City must set aside at least fifteen percent of its HOME Program Entitlement grant each year for specific activities to be undertaken by a special type of non-profit called a Community Housing Development Organization (CHDO). A CHDO is a private non-profit community-based organization that has staff with the capacity to develop affordable housing for the community it serves. In order to qualify for designation by the City as a CHDO, the organization must meet certain requirements pertaining to its legal status, organizational structure, and capacity and experience. For FY 2023-24, the City has designated CHDC as a qualified CHDO.

At its option, the City may also allocate up to five percent of its HOME Program Entitlement grant each year to a CHDO for its operating costs.

Current Community Development and Housing Projects

Navigation Center Project - A high priority project of the City that is in progress is the construction of a Navigation Center for up to 125 homeless persons. The projected construction budget is approximately $7.9 million, and is being funded through a variety of sources, including but not limited to CDBG Program funds, City and Solano County American Rescue Plan Act ("ARPA") funds, and State of California Permanent Local Housing Allocation (PLHA) funds.

Beginning in FY 2019-20, the City has expended over $1.1 million of its CDBG Program funds on the Navigation Center Project, including for such items as design costs, and paying for the Center structures, The HCD Commission and staff believe it is critical to complete and open the Navigation Center within the next year in order to: (1) meet a high priority need identified in the Consolidated Plan, and (2) ensure that CDBG Program funds are expended in a timely manner. The City must expend and draw down approximately $1.5 million in CDBG Program funds by May 2, 2024; if it does not, CDBG Program funds will be permanently recaptured by HUD.

Sonoma Estates Ownership Housing Project - The estimated total development budget for the Sonoma Estates Project is approximately $9 million, and will require funding from a variety of sources in order to be completed. The City invested $969,612 in Neighborhood Stabilization Program (NSP) funds in the form of a loan to CHDC for the acquisition and development of a vacant parcel located at Sonoma Boulevard and McLane Street in South Vallejo, for the planned construction of eleven for-ownership, affordable housing units. These funds were provided in 2019 through a Five-Year NSP Agreement between the City and CHDC. CDBG Program and HOME Program funds, totaling $1,203,270, have also been committed by the City to the project in prior years. However, CDBG Program and HOME Program Funding Agreements have not been executed. The total commitment of funds to date, therefore, by the City to the Sonoma Estates Project is $2,172,882. CHDC informed the City during the FY 2022-23 CDBG Program and HOME Program funding cycle that it anticipated that CDBG Program and HOME Program funding allocations from the City in FY 2022- 23 would close the project's construction funding gap. CHDC has now requested an additional $1.2 million in CDBG Program and HOME Program funds in FY 2023-24 for Sonoma Estates. The HCD Commission and staff do not recommend additional funding from the City for the project in FY 2023-24. Additionally, staff believes that the Navigation Center, and permanent supportive housing units for homeless persons, continue to be high priorities of the City.

Date: April 25, 2023
Subject: ADOPTION OF A RESOLUTION APPROVING THE HUD-REQUIRED ANNUAL ACTION PLAN (AAP) FOR FISCAL YEAR (FY) 2023-24, AND FUNDING ALLOCATIONS FOR

COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM AND HOME

INVESTMENT PARTNERSHIPS (HOME) PROGRAM PROJECTS AND ACTIVITIES

Page 4 ends

CHDC's most recent application for the project has not been approved by the Planning Department, and therefore construction has not started. Over the last year, City staff has met on a regular basis with CHDC staff to discuss and review project status. If the recommendation of the HCD Commission and staff is approved by the City Council, staff intends to meet with CHDC in the near term to determine how CHDC plans to close the funding gap for the project from non-City sources.

FY 2023-24 CDBG Program Funding Recommendations

The City anticipates that it will receive $1,035,447 in CDBG Program Entitlement funds from HUD in FY 2023-

24. In FY 2022-23, the current year, the City received $1,034,156 in CDBG Program funds, i. e., directly from HUD. Staff also estimates that the City will receive $5,000 in CDBG program income in 2023-24. Therefore, the total amount of CDBG Program funding available to allocate to projects and activities in FY 2023-24 is currently estimated at $1,040,447. Based on these estimated amounts, the HCD Commission and staff's FY 2023-24 CDBG Program funding recommendations are shown below, and in Attachment 3.

CDBG, FY 2023-24 (Proposed)

Proposed Activity Amount Administration
City Program Administration $208,089 (maximum allowed) Projects
Public Facilities
Homeless Navigation Center 732,358 Social Services

1. CHDC - Housing Counseling Stability Program 30,000

2. Fair Housing Advocates of Northern California - Fair Housing Education and Enforcement 40,000

3. Faith Food Fridays - Food Pantry Services 30,000 Subtotal, Social Services 100,000 Subtotal, Projects 832,358 Total Expenditures $1,040,447

FY 2023-24 HOME Program Funding Recommendations

The City expects to receive $561,954 in HOME Program Entitlement funds in FY 2023-24, and staff estimates that the City will receive $100,000 in HOME program income, for a total estimated allocation of $661,954. The Entitlement amount of $561,954 represents almost an eleven percent reduction in funding as compared to the City's HOME Program grant in FY 2022-23, the current year. (In FY 2022-23, the City received a HOME Program Entitlement amount of $630,390.) Based on the estimated FY 2023-24 HOME Program funding amount, the HD Commission and staff's HOME Program funding recommendation are shown below, and in Attachment 4.

Date: April 25, 2023
Subject: ADOPTION OF A RESOLUTION APPROVING THE HUD-REQUIRED ANNUAL ACTION PLAN (AAP) FOR FISCAL YEAR (FY) 2023-24, AND FUNDING ALLOCATIONS FOR

COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM AND HOME

INVESTMENT PARTNERSHIPS (HOME) PROGRAM PROJECTS AND ACTIVITIES

Page 5 ends

HOME, FY 2023-24 (Proposed)

Proposed Activity Amount Administration
City Program Administration $66,195 (maximum allowed) Projects

1. CHDO Project 84,293 (minimum required)

2. Permanent Supportive Housing Project 511,465 Subtotal, Projects 595,758 Total Expenditures $661,954

FISCAL IMPACT
The City Council's action will approve a new Annual Action Plan for FY 2023-24 for submission to HUD, including the allocation of approximately $1,040,447 and $661,954 in CDBG Program and HOME Program funds, respectively, totaling an estimated $1,702,401, to specific projects and activities in FY 2023-24.

ATTACHMENTS

1. fy 2023 24 aap reso 20230425 CAO STAMP

2. draft fy 2023 24 aap as of 04 07 2023

3. fy 2023 24 cdbg budget recommendation (04 06 2023)

4. fy 2023-24 home budget recommendation (04 06 2023)

CONTACT
Gillian Hayes, Assistant City Manager, (707) 648-4163
[email protected]

Approved as to form:

By: for
Veronica Nebb, City Attorney
RESOLUTION NO. ________ N.C.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VALLEJO APPROVING THE CITY OF VALLEJO’S ANNUAL ACTION PLAN FOR FISCAL YEAR (FY) 2023-24,

INCLUDING PROPOSED COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG)

PROGRAM AND HOME INVESTMENT PARTNERSHIPS (HOME) PROGRAM FUNDING ALLOCATIONS FOR SUBMITTAL TO THE U. S. DEPARTMENT OF HOUSING AND URBAN

DEVELOPMENT (HUD)

WHEREAS, as a condition of receiving federal Community Development Block Grant (CDBG) Program (Fund 101) funds, HOME Investment Partnerships Program (Fund 102) funds, and certain other federal community development and housing funds, the City is required to prepare and submit an Annual Action Plan to the Department of Housing and Urban Development (HUD); and
WHEREAS, the City’s next Annual Action Plan includes the Fiscal Year (FY) 2023-24 CDBG Program and HOME Program funding allocations to projects and activities; and WHEREAS, in December, 2022, the City adopted a CDBG Program and HOME Program funding process and criteria, which included a one-year funding cycle for FY 2023-24; and WHEREAS, as part of the funding process, on January 9, 2023 the City of Vallejo issued a Request for Proposals and Applications for the allocation of a portion of its CDBG Program and HOME Program funds to non-profit organizations; and
WHEREAS, the City of Vallejo anticipates that it will receive CDBG Program funds and HOME Program funding allocations in the amounts of $1,035,447 and $561,954 in FY 2023-24, respectively, or effective July 1, 2023; and
WHEREAS, staff estimates that the City of Vallejo will also receive $5,000 and $100,000 in program income (revenue) in FY 2023-24, as the result of the implementation of CDBG Program and HOME Program projects and activities, respectively; and WHEREAS, a Draft Annual Action Plan for FY 2023-24 has been prepared by staff; and WHEREAS, on April 6, 2023 the Housing and Community Development Commission of the City of Vallejo held a public hearing to receive comments on the Draft Annual Action Plan for FY 2023- 24, and the proposed allocation of CDBG Program and HOME Program funds to projects and activities for FY 2023-24, and then recommended the adoption of the Annual Action Plan, to include the annual allocation of CDBG Program and HOME Program funds to projects and activities for FY 2023-24, by the City Council.

NOW, THEREFORE, THE COUNCIL OF THE CITY OF VALLEJO DOES HEREBY RESOLVE THAT:

Section 1. The Council of the City of Vallejo approves (1) the FY 2023-24 Annual Action Plan, (2) the FY 2023-24 CDBG Program funding allocations, and (3) the FY 2023-24 HOME Program funding allocations, as shown at Attachments 2, 3, and 4 of the Staff Report dated April 25, 2023.

Section 2. Notwithstanding any provision of the award of funds as described in the Staff Report, the Council of the City of Vallejo by this action acknowledges that these funding allocations do not constitute a commitment of funds or project site approvals, and that such commitment of funds or approvals may occur only upon satisfactory completion of environmental reviews under the National Environmental Policy Act (NEPA) and the California Environmental Quality Act (CEQA), and receipt by the City as applicable of an Authority to Use Grant Funds from HUD under 24 CFR § 58.

Section 3. The provision of any CDBG Program funds or HOME Program funds to projects as described in the Staff Report is conditioned on the City’s determination to proceed with, modify, or cancel any activity based on the results of subsequent environmental reviews, as applicable.

Section 4. Notwithstanding the reservation of funds as described in the Staff Report, the City, and subrecipient agencies and contractors of the City, receiving CDBG Program funds and HOME Program funds, will not undertake or commit any funds to physical or choice-limiting actions, including property acquisition, demolition, movement, rehabilitation, conversion, repair, or construction prior to environmental clearance, and that the violation of this provision may result in the denial by HUD of the use of any CDBG Program or HOME Program funds by the City under the FY 2023-24 CDBG Program and HOME Program grants.

Section 5. The City Manager, or his/her designee, the Assistant City Manager, is hereby authorized to prepare and submit to HUD the City’s FY 2023-24 Annual Action Plan, and any related applications or documents, and any amendments or corrections to such applications and documents.

Section 6. The City Manager or his/her designee is hereby authorized to increase or decrease, proportionately, all proposed activity budgets from the estimated funding levels to match the FY 2023-24 CDBG Program and HOME Program actual allocation amounts received by HUD, in an amount not to exceed $100,000 for each program.as necessary.

Section 7. The City Manager or his/her designee is hereby authorized to prepare and execute written Agreements and Amendments as may be required with subrecipient and nonprofit agencies receiving funding allocations in FY 2023-24.

Section 8. The City Manager or his/her designee is hereby authorized to prepare and issue Requests for Qualifications and Requests for Proposals for FY 2023-24 CDBG Program and HOME Program projects and activities on or after July 1, 2023, as may be required by the City of Vallejo or HUD.

Adopted by the Council of the City of Vallejo at a meeting held on April 25, 2023 with the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
___________________________________
ROBERT H. MCCONNELL, MAYOR
ATTEST: __________________________________ DAWN G. ABRAHAMSON, CITY CLERK

Annual Action Plan
2023
1 OMB Control No: 2506-0117 (exp. 09/30/2021)

Executive Summary
AP-05 Executive Summary - 24 CFR 91.200(c), 91.220(b)

1. Introduction
The City of Vallejo, with a population of 126,090 as of April 1, 2020 according to the U. S. Census Bureau, is the largest city in Solano County, California, and is located on the northeastern shore of San Pablo Bay. Based on the most recent affordable housing and community development (non-housing) needs data available to the City of Vallejo, the City's current Five-Year Consolidated Plan (2020-2024), adopted in 2020, identifies four high priority population groups in Vallejo, in this order of need: (1) extremely low-income and very low-income renters, (2) homeless persons, (3) very low-income first-time homebuyers, and (4) non-homeless persons with special needs, including persons living with HIV/AIDS, severe mental illness, and substance abuse addictions. Community development (non-housing) needs identified in the Consolidated Plan include: (1) completing comprehensive, health and safety-related public improvements in neighborhood target areas, (2) installing curb ramps, City-wide, and (3) providing social services for extremely low-income and very low-income persons to meet their basic human needs.

2. Summarize the objectives and outcomes identified in the Plan This could be a restatement of items or a table listed elsewhere in the plan or a reference to another location. It may also contain any essential items from the housing and homeless needs assessment, the housing market analysis or the strategic plan.

Fiscal Year (FY) 2023-24 Goals: (1) establish a Navigation Center for up to 125 homeless persons, (2) establish a new permanent supportive housing project for homeless persons, (3) provide social services to 1,250 very low-income and low-income persons, and (4) provide critical public services to 125 persons who are not homeless but who have special needs.

3. Evaluation of past performance
This is an evaluation of past performance that helped lead the grantee to choose its goals or projects.

In 2020, the City adopted a Five-Year Consolidated Plan for the period beginning July 1, 2020 and ending June 30, 2025. Approximately $20 million in private, federal, State, and local funds are invested in Consolidated Plan projects and activities annually; of this amount, a large majority is federal funds. The

Annual Action Plan
2023
2 OMB Control No: 2506-0117 (exp. 09/30/2021)
City is on track to accomplish many of its Consolidated Plan goals and address the high priority needs in the community.

4. Summary of Citizen Participation Process and consultation process Summary from citizen participation section of plan.

In the third year of the Five-Year Consolidated Plan (July 1, 2022 through June 30, 2023), the City's Housing and Community Development (HCD) Commission held a public hearing on December 1, 2022 on affordable housing and community development needs, in accordance with the City's Citizen Participation Plan. The City holds at least one public hearing each year to receive comments on affordable housing and community development needs in the City of Vallejo. The specific purposes of this annual public hearing were to: (1) determine whether and how affordable housing and community development needs may have changed significantly from those identified in the adopted Consolidated Plan and if so what, if any, revisions to proposed projects and activities may be appropriate, and (2) provide an opportunity for residents and other interested parties to comment on how the City's CDBG Program and HOME Program funds might be used in FY 2023-24, the fourth year of the Five-Year Consolidated Plan. The purpose of the December 1st hearing was not to recommend the allocation of funding to specific projects and activities. A legal notice regarding this hearing was published in the local newspaper, the Vallejo Times-Herald, on November 16, 2022, and on the City's website, prior to the public hearing. Written comments were also invited from the public, prior to the hearing.

The HCD Commission held a second public hearing on April 6, 2023 to receive comments from the public on the Draft FY 2023-24 Annual Action Plan. At the public hearing, one person spoke. Ms. Cherene Sandidge, a consultant for Community Housing Development Corporation (CHDC), spoke in support of the funding request from CHDC for the Sonoma Estates Ownership Housing Project to build eleven units of affordable for-ownership housing. Ms. Sandidge also requested an extension to complete the project. After closing the public hearing, and after discussion, the HCD Commission voted unanimously, 6-0-0, to recommend the FY 2023-24 Annual Action Plan for approval by the City Council, as presented by the HCD Commission Ad Hoc Committee and staff. A legal notice regarding the April 6, 2023 public hearing was published in the local newspaper on March 22, 2023, and on the City's website. The written comment period on the Draft Plan is scheduled to end on April 24, 2023.

On April 25, 2023 the Vallejo City Council is scheduled to review and adopt the FY 2023-24 Annual Action Plan as presented by the HCD Commission and staff, for submittal to HUD.

5. Summary of public comments
This could be a brief narrative summary or reference an attached document from the Citizen Participation section of the Con Plan.

Annual Action Plan
2023
3 OMB Control No: 2506-0117 (exp. 09/30/2021)
Two public comments were received at the December 1, 2022 public hearing on needs, (meeting minutes attached): (1) Aldyth Baltane suggested the Commission revisit the budget, and the community needs that might have changed since 2020; and (2) Starla Jackson discussed her experiences with finding housing, the need for housing, and local programs available. No written comments were received.

One public comment was received at the April 6, 2023 public hearing from Ms. Cherene Sandidge, a consultant for CHDC, asking for support from the HCD Commission for additional funding for the Sonoma Estates Ownership Housing Project, and for an extension to complete the project.

6. Summary of comments or views not accepted and the reasons for not accepting them The request for additional funding in FY 2023-24 for the Sonoma Estates Ownership Housing Project at the April 6, 2023 public hearing was not recommended by the HCD Commission or staff to the City Council. Starting in 2019, prior year federal Neighborhood Stabilization Program (NSP) funds in the amount of $969,612, CDBG Program funds in the amount of $464,077, and HOME Program funds in the amount of $739,193, have been committed by the City for the construction of Sonoma Estates, totaling $2,172,882 in prior year allocations; however, the project has been delayed, and construction has not started. CHDC has requested an additional $1.2 million from the City in FY 2023-24; $650,000 in CDBG Program funds, and $550,000 in HOME Program funds.

Additionally, the Homeless Navigation Center Project, and additional permanent supportive housing units for homeless persons, continue to be high priorities of the City.

7. Summary
After an extensive planning and public comment process, in 2020 the City adopted a Consolidated Plan for the period July 1, 2020 through June 30, 2025. The Consolidated Plan prioritizes affordable housing and community development needs in the City of Vallejo, and identifies anticipated resources to address the high priority needs in these areas. The City expects to meet most of its five year and annual program goals; if needs or resources change in the future, the City will consider amending the Consolidated Plan, using a public process that follows its Citizen Participation Plan.

Annual Action Plan
2023
4 OMB Control No: 2506-0117 (exp. 09/30/2021)
PR-05 Lead & Responsible Agencies – 91.200(b)

1. Agency/entity responsible for preparing/administering the Consolidated Plan Describe the agency/entity responsible for preparing the Consolidated Plan and those responsible for administration of each grant program and funding source.

Agency Role Name Department/Agency

CDBG Administrator VALLEJO City Manager/Housing and Community Development Div HOME Administrator VALLEJO City Manager/Housing and Community Development Div Table 1 – Responsible Agencies

Narrative (optional)
The City of Vallejo's Entitlement grants are currently administered by the City under the direction of the Acting Housing and Community Development (HCD) Program Manager.

Consolidated Plan Public Contact Information
Chari, Barrera, Administrative Manager, City of Vallejo, 200 Georgia Street, Vallejo, CA 94590-5930, 707-553-7204, Fax: 707-648-5249, [email protected].

Annual Action Plan
2023
5 OMB Control No: 2506-0117 (exp. 09/30/2021)
AP-10 Consultation – 91.100, 91.200(b), 91.215(l)

1. Introduction
The City of Vallejo's Office of the City Manager, Housing and Community Development (HCD) Division, currently takes the lead in implementing its affordable housing and community development strategy for Vallejo. The HCD Division is responsible for administering and delivering the City's Community Development Block Grant (CDBG) Program, HOME Investment Partnerships (HOME) Program, and Neighborhood Stabilization Program (NSP), as well as Vallejo Housing Authority (VHA) Housing Successor Agency (formerly Vallejo Redevelopment Agency) affordable housing set-aside funding and projects. Affordable housing projects and developments are typically completed through partnerships with non-profit and for-profit housing developers.

Provide a concise summary of the jurisdiction’s activities to enhance coordination between public and assisted housing providers and private and governmental health, mental health and service agencies (91.215(l))
City of Vallejo employees in the HCD Division staff the VHA, which administers the Housing Choice Voucher (HCV), Project Based Voucher, Family Self-Sufficiency (FSS), Veterans Affairs Supportive Housing (VASH), and HCV Homeownership Programs. The City may partner with Community Housing Development Corporation (CHDC), a non-profit agency, and a HOME Program-qualified Community Development Housing Organization (CHDO), to complete affordable housing projects. CHDC is also certified by the U. S. Department of Housing and Urban Development (HUD) as a housing counseling agency, and provides renter and homebuyer education and counseling to Vallejo residents. VHA and social service agency partners share and target supportive services where possible on behalf of FSS Program participants.

In January 2023, non-profit affordable housing and social service agencies were invited to submit CDBG Program and HOME Program funding proposals to the City that would address the high priority affordable housing and community development needs in Vallejo identified in the Consolidated Plan. The HCD Commission, an advisory body appointed by the City Council, provides significant input into how these funds will be allocated in FY 2023-24.

Describe coordination with the Continuum of Care and efforts to address the needs of homeless persons (particularly chronically homeless individuals and families, families with children, veterans, and unaccompanied youth) and persons at risk of homelessness.

The City's Assistant to the City Manager sits on the Continuum of Care (CoC) Board for Solano County ("Housing First Solano"). The City's Vice Mayor serves on the governing board of the Community Action Partnership of Solano ("CAP Solano"), a Joint Powers Authority (JPA). These entities help to support Vallejo's ongoing work addressing homeless and safety net service needs. The City will continue to work

Annual Action Plan
2023
6 OMB Control No: 2506-0117 (exp. 09/30/2021)
with Housing First Solano and CAP Solano to develop projects, programs, and supportive services as necessary to maintain a seamless continuum of care for the homeless. City staff will provide technical assistance when appropriate to the CoC and the JPA to strengthen capacity, identify and secure resources, and assist social service agencies to access resources to carry out the activities proposed in the FY 2023-24 Annual Action Plan.

Describe consultation with the Continuum(s) of Care that serves the jurisdiction's area in determining how to allocate ESG funds, develop performance standards for and evaluate outcomes of projects and activities assisted by ESG funds, and develop funding, policies and procedures for the operation and administration of HMIS Each year, CAP Solano receives housing project proposals for the homeless. including proposals for permanent housing, transitional housing, and supportive services. HUD funds many of these activities on a competitive and then ongoing basis. For the last several years, Solano County has been successful in securing funding from HUD, the State, and private sources for homeless assistance centers, transitional housing, supportive services, and permanent housing. The City of Vallejo has been an active and participating member of the Solano County CoC since its inception, and the City's Assistant to the City Manager serves on the CoC Board. This participation informs the City's choice of priority needs and its funding allocation decisions.

2. Describe Agencies, groups, organizations and others who participated in the process and describe the jurisdiction’s consultations with housing, social service agencies and other entities

Annual Action Plan
2023
7 OMB Control No: 2506-0117 (exp. 09/30/2021)
Table 2 – Agencies, groups, organizations who participated 1 Agency/Group/Organization Legal Services of Northern California Agency/Group/Organization Type Housing
PHA
Services - Housing
Service-Fair Housing
Other government - Federal
Grantee Department
What section of the Plan was addressed by Consultation? Housing Need Assessment Public Housing Needs
Anti-poverty Strategy
Briefly describe how the Agency/Group/Organization was consulted. What are the anticipated outcomes of the consultation or areas for improved coordination? Provided input to assist the City in addressing
housing discrimination issues and update its AI.
2 Agency/Group/Organization Fair Housing Advocates of Northern California Agency/Group/Organization Type Housing
PHA
Services - Housing
Service-Fair Housing
Other government - Federal
Grantee Department
What section of the Plan was addressed by Consultation? Housing Need Assessment Public Housing Needs
Anti-poverty Strategy
Briefly describe how the Agency/Group/Organization was consulted. What are the anticipated outcomes of the consultation or areas for improved coordination? Provided comments to assist the City in
addressing fair housing issues and update its AI.

Annual Action Plan
2023
8 OMB Control No: 2506-0117 (exp. 09/30/2021)
Identify any Agency Types not consulted and provide rationale for not consulting This section is not applicable. Therefore, there are no comments in this section.

Other local/regional/state/federal planning efforts considered when preparing the Plan Name of Plan Lead Organization How do the goals of your Strategic Plan overlap with the goals of each plan? Continuum of Care City of Vallejo
Housing Element
The City's Housing Element has been updated through 2023; certain affordable housing goals are the same as the HCD Division's goals.

City of Vallejo
Housing Strategy
HCD Division, City of
Vallejo
A Housing Policy for all income groups was adopted by the City Council in 2020; certain affordable housing goals are the same as the HCD Division's goals, including expanding resources for the homeless population.

Table 3 – Other local / regional / federal planning efforts

Narrative (optional)
There are no additional comments in this section.

Annual Action Plan
2023
9 OMB Control No: 2506-0117 (exp. 09/30/2021)
AP-12 Participation – 91.105, 91.200(c)

1. Summary of citizen participation process/Efforts made to broaden citizen participation Summarize citizen participation process and how it impacted goal-setting

Two public hearings and two written comment periods were scheduled during FY 2022-23, pre- and post-drafting of the FY 2023-24 Annual Action Plan. Two public speakers made comments at the public hearing on December 1, 2022, (meeting minutes attached). No written comments were received prior to the December 1st public hearing. The comments received at the December 1, 2022 hearing were consistent with the priorities in the adopted Consolidated Plan.

One person spoke at the April 6, 2023 public hearing on the Draft FY 2023-24 Annual Action Plan, requesting additional funding for the Sonoma Estates Project, and for an extension to complete the project. The HCD Commission and staff are not recommending FY 2023-24 funding from the City for the project, primarily because; (1) beginning in 2019, the City has committed approximately $2.25 million to the project, and (2) the completion of the project has been delayed. In addition, the City has other high priority projects that require additional funding in order to be completed.

Annual Action Plan
2023
10 OMB Control No: 2506-0117 (exp. 09/30/2021)
Citizen Participation Outreach
Sort
Order
Mode of O
utreach
Target of
Outreach
Summary of

response/at
tendance
Summary o
f
comments
received
Summary of
comments
not accepted
and reasons
URL (If applicable)
1 Public
Hearing
Minorities

Non-
English
Speaking -
Specify
other
language:

Spanish,
Tagalog

Non-
targeted/b
road
communit
y
Two
members of
the public
attended
the
December 1,
2022 public
hearing and
made
comments.

One person
made
comments
at the April
6, 2023
public
hearing.

Meeting
minutes of
December
1, 2022
attached.

One person
spoke at
the April 6,
2023 public
hearing in
support of
Sonoma
Estates.

The Sonoma
Estates
Project is not
recommende
d for
additional
funding in FY
2023-24, due
to project
delays, and
other high
priority
projects.

Annual Action Plan
2023
11 OMB Control No: 2506-0117 (exp. 09/30/2021)
Sort
Order
Mode of O
utreach
Target of
Outreach
Summary of

response/at
tendance
Summary o
f
comments
received
Summary of
comments
not accepted
and reasons
URL (If applicable)
2 Newspape
r Ad
Minorities

Non-
English
Speaking -
Specify
other
language:

Spanish,
Tagalog

Non-
targeted/b
road
communit
y
Two
members of
the public
attended
the
December 1,
2022 public
hearing and
made
comments.

One person
spoke at the
April 6, 2023
public
hearing in
support of
Sonoma
Estates.

Meeting
minutes of
December
1, 2022
attached. A
summary
of the
public
comment
received at
the April 6,
2023 public
hearing has
been
provided in
a previous
section.

A response to
this section
regarding
Sonoma
Estates has
been
provided in a
previous
section.

Annual Action Plan
2023
12 OMB Control No: 2506-0117 (exp. 09/30/2021)
Sort
Order
Mode of O
utreach
Target of
Outreach
Summary of

response/at
tendance
Summary o
f
comments
received
Summary of
comments
not accepted
and reasons
URL (If applicable)
3 Internet
Outreach
Minorities

Non-
English
Speaking -
Specify
other
language:

Spanish,
Tagalog

Non-
targeted/b
road
communit
y
Two
members of
the public
attended
the
December 1,
2022 and
made
comments.

One person
spoke at the
April 6, 2023
public
hearing.

Meeting
minutes of
December
1, 2022
attached. A
summary
of the
public
comment
received at
the April 6,
2023 public
hearing has
been
provided in
a previous
section.

A response to
this section
regarding
Sonoma
Estates has
been
provided in a
previous
section.
https://www.cityofvallejo.net/city_hall/departments___divi sions/housing___community_development
Table 4 – Citizen Participation Outreach

Annual Action Plan
2023
13 OMB Control No: 2506-0117 (exp. 09/30/2021)

Expected Resources
AP-15 Expected Resources – 91.220(c)(1,2)
Introduction
In FY 2023-24, the City will receive approximately 1.7 million in combined CDBG Program and HOME Program funds. CDBG Program funds will be used by the City for public facility improvements (a homeless navigation center), social services, and program administration. HOME Program funds will be used for a reservation of funds for a CHDO project, permanent supportive housing, and program administration.

Anticipated Resources
Program Source of
Funds
Uses of Funds Expected Amount Available Year 1 Expected Amount
Available
Remainder
of ConPlan
$
Narrative Description
Annual
Allocation:
$
Program
Income:
$
Prior Year
Resources:
$
Total:
$
CDBG public -
federal
Acquisition
Admin and
Planning
Economic
Development
Housing
Public
Improvements
Public Services 1,035,447 5,000 0 1,040,447 1,000,000
Public facility improvements,
social services, and program
administration.

Annual Action Plan
2023
14 OMB Control No: 2506-0117 (exp. 09/30/2021)
Program Source of
Funds
Uses of Funds Expected Amount Available Year 1 Expected Amount
Available
Remainder
of ConPlan
$
Narrative Description
Annual
Allocation:
$
Program
Income:
$
Prior Year
Resources:
$
Total:
$
HOME public -
federal
Acquisition
Homebuyer
assistance
Homeowner rehab
Multifamily rental
new construction
Multifamily rental
rehab
New construction
for ownership
TBRA 561,953 100,000 0 661,953 500,000
CHDO reserve, permanent
supportive housing, program
administration, and non-federal
match.

Table 5 - Expected Resources – Priority Table

Explain how federal funds will leverage those additional resources (private, state and local funds), including a description of how matching requirements will be satisfied
Funding sources that will be used to implement the Annual Action Plan include but are not limited to: (1) Housing Choice Voucher Program funds for rental assistance, (2) HOME Program funds for permanent supportive housing, (3) private, State, and other federal funds to enable non-profit agencies to provide emergency shelter, supportive services, and transitional housing for homeless persons and persons with special needs, and (4) CDBG Program funds for social services to meet basic human needs.

HOME Program funds that are used for project (non-administrative) costs will be matched by local sales tax and Housing Successor Agency funds.

Annual Action Plan
2023
15 OMB Control No: 2506-0117 (exp. 09/30/2021)
If appropriate, describe publicly owned land or property located within the jurisdiction that may be used to address the needs identified in the plan Construction of a public facility that will be used as a homeless navigation center for homeless persons at a site purchased by the City in FY 2022-23.

Discussion
The City plans to use a City-owned property to address the need for homeless navigation services.

Annual Action Plan
2023
16 OMB Control No: 2506-0117 (exp. 09/30/2021)
Annual Goals and Objectives

AP-20 Annual Goals and Objectives
Goals Summary Information
Sort Order Goal Name Start
Year
End
Year
Category Geographic
Area
Needs Addressed Funding Goal Outcome Indicator
1 Permanent
Supportive
Housing
2020 2024 Affordable Housing South Vallejo
Central City
Country Club
Crest
Eastern City
Vallejo
Heights
Affordable
Housing
HOME:
$511,465
Rental units constructed:
45 Household Housing
Unit
2 Homeless
Navigation Center
2020 2023 Homeless South Vallejo
Central City
Country Club
Crest
Eastern City
Vallejo
Heights
Community
Development
CDBG:
$732,358
Other: 125 Other

Annual Action Plan
2023
17 OMB Control No: 2506-0117 (exp. 09/30/2021)
Sort Order Goal Name Start
Year
End
Year
Category Geographic
Area
Needs Addressed Funding Goal Outcome Indicator
3 Social Services 2020 2024 Non-Housing
Community
Development
South Vallejo
Central City
Country Club
Crest
Eastern City
Vallejo
Heights
Community
Development
CDBG:
$100,000
Other: 1250 Other
Table 6 – Goals Summary

Goal Descriptions

1 Goal Name Permanent Supportive Housing
Goal
Description
The City will work toward the completion of a new permanent supportive housing project, providing rental units to homeless persons.
2 Goal Name Homeless Navigation Center
Goal
Description
The City will complete the construction of a homeless navigation center in FY 2023-24, 3 Goal Name Social Services
Goal
Description
The City will allocate CDBG Program funds to three non-profit organizations providing social (public) services, as follows:
housing stability counseling ($30,000); fair housing services ($40,000); and emergency food pantry assistance ($30,000).

Annual Action Plan
2023
18 OMB Control No: 2506-0117 (exp. 09/30/2021)
Projects
AP-35 Projects – 91.220(d)
Introduction
Under the City's CDBG Program for FY 2023-24, the City of Vallejo will fund construction of a homeless navigation center, social services, and program administration. With FY 2023-24 HOME Program funds, the City will allocate funding to a permanent supportive housing project, the reservation of CHDO funds for a future affordable housing project, and program administration.

Projects
# Project Name
1 Program Administration
2 Social Services
3 CHDO Project
4 Navigation Center
5 Permanent Supportive Housing
Table 7 - Project Information

Describe the reasons for allocation priorities and any obstacles to addressing underserved needs
The City's funding allocations proposed for FY 2023-24 are consistent with the priority needs in the Five- Year Consolidated Plan.

Other than the need for additional funding in some instances, the City does not anticipate any significant obstacles in addressing underserved needs in FY 2023-24.

Annual Action Plan
2023
19 OMB Control No: 2506-0117 (exp. 09/30/2021)

AP-38 Project Summary
Project Summary Information

Annual Action Plan
2023
20 OMB Control No: 2506-0117 (exp. 09/30/2021)
1 Project Name Program Administration
Target Area South Vallejo
Central City
Country Club Crest
Eastern City
Vallejo Heights
Goals Supported Permanent Supportive Housing
Homeless Navigation Center
Social Services
Needs Addressed Affordable Housing
Community Development
Funding CDBG: $208,089
HOME: $66,195
Description Activities related to meeting the administrative requirements of the CDBG Program and HOME Program.

Target Date 6/30/2024
Estimate the number and
type of families that will
benefit from the proposed
activities
Not applicable.

Location Description Not applicable.

Planned Activities CDBG Program and HOME Program administration. 2 Project Name Social Services
Target Area South Vallejo
Central City
Country Club Crest
Eastern City
Vallejo Heights
Goals Supported Social Services
Needs Addressed Community Development
Funding CDBG: $100,000
Description Provide CDBG Program funds to three different non-profit organizations providing social (public) services, as follows: housing stability counseling ($30,000); fair housing services ($40,000); and emergency food pantry assistance ($30,000).

Annual Action Plan
2023
21 OMB Control No: 2506-0117 (exp. 09/30/2021)
Target Date 6/30/2024
Estimate the number and
type of families that will
benefit from the proposed
activities
Social services will be provided to 1,250 very low-income and low- income persons through three different programs.

Location Description Not applicable.

Planned Activities Social services to persons at 0 to 80 percent AMI. 3 Project Name CHDO Project
Target Area South Vallejo
Central City
Country Club Crest
Eastern City
Vallejo Heights
Goals Supported Permanent Supportive Housing
Needs Addressed Affordable Housing
Funding HOME: $84,293
Description The reservation of CHDO funds for an affordable housing project.

Target Date 6/30/2024
Estimate the number and
type of families that will
benefit from the proposed
activities
To be determined.

Location Description To be determined.

Planned Activities The City will reserve CHDO funds for a future affordable housing project.
4 Project Name Navigation Center
Target Area South Vallejo
Central City
Country Club Crest
Eastern City
Vallejo Heights
Goals Supported Homeless Navigation Center
Needs Addressed Community Development
Funding CDBG: $732,358

Annual Action Plan
2023
22 OMB Control No: 2506-0117 (exp. 09/30/2021)
Description The City will allocate additional CDBG Program funds to complete the construction of a homeless navigation center in FY 2023-24.

Target Date 6/30/2024
Estimate the number and
type of families that will
benefit from the proposed
activities
125 homeless persons annually.

Location Description Anticipated site: 1937 Broadway, Vallejo, California.

Planned Activities Navigation services for homeless persons. 5 Project Name Permanent Supportive Housing
Target Area South Vallejo
Central City
Country Club Crest
Eastern City
Vallejo Heights
Goals Supported Permanent Supportive Housing
Needs Addressed Affordable Housing
Funding HOME: $511,465
Description The City will allocate HOME Program funds for a new permanent supportive housing project that will provide rental units for homeless persons.

Target Date 6/30/2024
Estimate the number and
type of families that will
benefit from the proposed
activities
To be determined.

Location Description To be determined.

Planned Activities The new construction of permanent supportive housing (rental) units.

Annual Action Plan
2023
23 OMB Control No: 2506-0117 (exp. 09/30/2021)
AP-50 Geographic Distribution – 91.220(f)
Description of the geographic areas of the entitlement (including areas of low-income and minority concentration) where assistance will be directed The City's affordable housing and community development projects and services will be made available City-wide. Many program participants and beneficiaries reside in neighborhood target areas. However, in FY 2023-24, the City will not prioritize program assistance by target area, or to areas of minority concentration. Eligibility for services or projects on a direct or indirect basis will be determined by a household's annual income.

Geographic Distribution
Target Area Percentage of Funds
South Vallejo 0
Central City 0
Country Club Crest 0
Eastern City 0
Vallejo Heights 0
Table 8 - Geographic Distribution

Rationale for the priorities for allocating investments geographically This section is not applicable.

Discussion
In FY 2023-24, the City will not prioritize program or project assistance by target area. The City has not identified any areas of poverty or minority concentration.

Annual Action Plan
2023
24 OMB Control No: 2506-0117 (exp. 09/30/2021)
Affordable Housing
AP-55 Affordable Housing – 91.220(g)
Introduction

One Year Goals for the Number of Households to be Supported Homeless 125
Non-Homeless 1,250
Special-Needs 125
Total 1,500
Table 9 - One Year Goals for Affordable Housing by Support Requirement

One Year Goals for the Number of Households Supported Through Rental Assistance 1,725
The Production of New Units 0
Rehab of Existing Units 0
Acquisition of Existing Units 0
Total 1,725
Table 10 - One Year Goals for Affordable Housing by Support Type

Discussion
The City will rely on the Vallejo Housing Authority, and non-profit agencies, to accomplish its housing goals in FY 2023-24.

Annual Action Plan
2023
25 OMB Control No: 2506-0117 (exp. 09/30/2021)
AP-60 Public Housing – 91.220(h)
Introduction
This section is not applicable, as the Vallejo Housing Authority does not own, administer, or manage any public housing units.

Actions planned during the next year to address the needs to public housing This section is not applicable, as the Vallejo Housing Authority does not own, administer, or manage any public housing units.

Actions to encourage public housing residents to become more involved in management and participate in homeownership
This section is not applicable, as the Vallejo Housing Authority does not own, administer, or manage any public housing units.

If the PHA is designated as troubled, describe the manner in which financial assistance will be provided or other assistance
The Vallejo Housing Authority is not a "troubled" housing authority.

Discussion
This section is not applicable, as the Vallejo Housing Authority does not own, administer, or manage any public housing units.

Annual Action Plan
2023
26 OMB Control No: 2506-0117 (exp. 09/30/2021)
AP-65 Homeless and Other Special Needs Activities – 91.220(i) Introduction
The responses to this section are shown below.

Describe the jurisdictions one-year goals and actions for reducing and ending homelessness including
Reaching out to homeless persons (especially unsheltered persons) and assessing their individual needs
The City will establish a public facility to be used as a Navigation Center to assess and address the needs of homeless persons.

Addressing the emergency shelter and transitional housing needs of homeless persons The Navigation Center, when completed, will include shelter services for homeless, unsheltered persons.

Helping homeless persons (especially chronically homeless individuals and families, families with children, veterans and their families, and unaccompanied youth) make the transition to permanent housing and independent living, including shortening the period of time that individuals and families experience homelessness, facilitating access for homeless individuals and families to affordable housing units, and preventing individuals and families who were recently homeless from becoming homeless again
The City will allocate HOME Program funds for the completion of a new permanent supportive housing project (rental units) for homeless persons. An RFQ will be issued in FY 2023-24.

Helping low-income individuals and families avoid becoming homeless, especially extremely low-income individuals and families and those who are: being discharged from publicly funded institutions and systems of care (such as health care facilities, mental health facilities, foster care and other youth facilities, and corrections programs and institutions); or, receiving assistance from public or private agencies that address housing, health, social services, employment, education, or youth needs.

The City and the Vallejo Housing Authority will coordinate services and referrals where appropriate with (1) Fighting Back Partnership, a non-profit agency, through its Family Resource Centers, and (2) Global

Annual Action Plan
2023
27 OMB Control No: 2506-0117 (exp. 09/30/2021)
Center for Success, a non-profit organization that provides supportive services to homeless persons.

Discussion
The City intends to address the needs of homeless persons with permanent supportive housing.

Annual Action Plan
2023
28 OMB Control No: 2506-0117 (exp. 09/30/2021)
AP-75 Barriers to affordable housing – 91.220(j)
Introduction:

The City of Vallejo Housing Element for the period 2015-23 states that the City's land use controls offer limited options for the construction of affordable housing. However, the City controls where housing may be constructed. The City may allow density bonuses for the provisions of affordable housing units for families and individuals, and for senior housing units.

A Housing Strategy for all income groups in Vallejo was adopted by the City Council in 2020, which includes a strategy for addressing the need for additional affordable housing, and expanding resources for the homeless population.

Actions it planned to remove or ameliorate the negative effects of public policies that serve as barriers to affordable housing such as land use controls, tax policies affecting land, zoning ordinances, building codes, fees and charges, growth limitations, and policies affecting the return on residential investment
The cost of public facility improvements will be supported by the City's CDBG Program and other funds obtained by the City, to construct and open a navigation center for homeless persons. The City will provide expedited California Environmental Quality Act (CEQA) review for larger housing projects that are within a Specific Plan Area. The State of California Senate Bill 35 (SB35) review and approval process will be used for affordable housing projects where possible.

Discussion:

In FY 2023-24, the City will provide additional support for the completion of the construction of a navigation center for homeless persons.

Annual Action Plan
2023
29 OMB Control No: 2506-0117 (exp. 09/30/2021)
AP-85 Other Actions – 91.220(k)
Introduction:

The responses to this section are provided below.

Actions planned to address obstacles to meeting underserved needs The primary obstacle to meeting underserved needs is related to a lack of sufficient funding to complete and implement activities that are needed, and to expand needed programs. Therefore, no actions are planned in this area.

Actions planned to foster and maintain affordable housing Using a variety of funding sources, in FY 2023-24 the City will continue to seek opportunities to establish increased affordable rental and owner-occupied housing.

Actions planned to reduce lead-based paint hazards
Lead-based paint hazard educational materials, inspections, and referrals will be made available when necessary to Vallejo Housing Authority-assisted Housing Choice Voucher holders, as well as participating and prospective rental housing owners, and if applicable, to prospective first-time homebuyer, housing rehabilitation, and paint grant recipients.

Actions planned to reduce the number of poverty-level families The City recognizes the need to prioritize anti-poverty efforts, and will continue to support existing programs in FY 2023-24. Family self-sufficiency programs with supportive services will continue to be a key component of the City's anti-poverty strategy. Coordination with social service agencies that administer programs such as Child Start, assistance to families in crisis, and similar social services will be necessary to prevent duplication of effort, and to ensure a maximum of opportunities for extremely low- income and very low-income persons, (at 0 to 50 percent). The City will facilitate projects to meet community needs, which may help reduce the number of households in Vallejo living in poverty.

Actions planned to develop institutional structure
To carry out the FY 2023-24 Annual Action Plan, the City has an existing institutional structure that is already well-developed and strong, through a network of government agencies, non-profit agencies, and private organizations.

Actions planned to enhance coordination between public and private housing and social

Annual Action Plan
2023
30 OMB Control No: 2506-0117 (exp. 09/30/2021)
service agencies
A total of approximately $6.2 million over a three-year period has been provided to the City by three different health care providers to support the operation of a navigation center for homeless persons, once it is completed.

Discussion:

The City has been successful in leveraging funds from health care partners, the State of California, and the federal government to address the needs of unsheltered homeless persons. The City will also support social service providers with its CDBG Program funds that work to reduce the number of households living in poverty.

Annual Action Plan
2023
31 OMB Control No: 2506-0117 (exp. 09/30/2021)
Program Specific Requirements
AP-90 Program Specific Requirements – 91.220(l)(1,2,4)
Introduction:

The City will reserve HOME Program funds for a qualified CHDO, as required by regulation; and adhere to the HOME Program non-federal match requirement for project costs.

Community Development Block Grant Program (CDBG)
Reference 24 CFR 91.220(l)(1)
Projects planned with all CDBG funds expected to be available during the year are identified in the Projects Table. The following identifies program income that is available for use that is included in projects to be carried out.

1. The total amount of program income that will have been received before the start of the next program year and that has not yet been reprogrammed 5,000

2. The amount of proceeds from section 108 loan guarantees that will be used during the year to address the priority needs and specific objectives identified in the grantee's strategic plan. 0

3. The amount of surplus funds from urban renewal settlements 0

4. The amount of any grant funds returned to the line of credit for which the planned use has not been included in a prior statement or plan 0

5. The amount of income from float-funded activities 0
Total Program Income: 5,000

Other CDBG Requirements

1. The amount of urgent need activities 0

2. The estimated percentage of CDBG funds that will be used for activities that benefit persons of low and moderate income.Overall Benefit - A consecutive period of one, two or three years may be used to determine that a minimum overall benefit of 70% of CDBG funds is used to benefit persons of low and moderate income. Specify the years covered that include this Annual Action Plan. 100.00%

HOME Investment Partnership Program (HOME)
Reference 24 CFR 91.220(l)(2)

1. A description of other forms of investment being used beyond those identified in Section 92.205 is

Annual Action Plan
2023
32 OMB Control No: 2506-0117 (exp. 09/30/2021)
as follows:

The City will have no other forms of investment beyond those identified in Section 92.205.

2. A description of the guidelines that will be used for resale or recapture of HOME funds when used for homebuyer activities as required in 92.254, is as follows:

The City of Vallejo's HOME Program Recapture Policy is attached.

3. A description of the guidelines for resale or recapture that ensures the affordability of units acquired with HOME funds. See 24 CFR 92.254(a)(4) are as follows:

The recapture provision will be used, and it will be codified and recorded against the property through an Affordability Agreement not to exceed fifteen years in any circumstance.

4. Plans for using HOME funds to refinance existing debt secured by multifamily housing that is rehabilitated with HOME funds along with a description of the refinancing guidelines required that will be used under 24 CFR 92.206(b), are as follows:

The City will not use HOME Program funds in FY 2023-24 to refinance existing debt.

There are no additional comments for this section.

Annual Action Plan
2023
33 OMB Control No: 2506-0117 (exp. 09/30/2021)
Attachments

Annual Action Plan
2023
34 OMB Control No: 2506-0117 (exp. 09/30/2021)
Grantee Unique Appendices

Annual Action Plan
2023
35 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
36 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
37 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
38 OMB Control No: 2506-0117 (exp. 09/30/2021)
Grantee Unique Appendices

Annual Action Plan
2023
39 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
40 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
41 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
42 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
43 OMB Control No: 2506-0117 (exp. 09/30/2021)
Grantee Unique Appendices

Annual Action Plan
2023
44 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
45 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
46 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
47 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
48 OMB Control No: 2506-0117 (exp. 09/30/2021)
Grantee Unique Appendices

Annual Action Plan
2023
49 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
50 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
51 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
52 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
53 OMB Control No: 2506-0117 (exp. 09/30/2021)
Grantee Unique Appendices

Annual Action Plan
2023
54 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
55 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
56 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
57 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
58 OMB Control No: 2506-0117 (exp. 09/30/2021)
Grantee Unique Appendices

Annual Action Plan
2023
59 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
60 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
61 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
62 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
63 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
64 OMB Control No: 2506-0117 (exp. 09/30/2021)
Grantee Unique Appendices

Annual Action Plan
2023
65 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
66 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
67 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
68 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
69 OMB Control No: 2506-0117 (exp. 09/30/2021)

Annual Action Plan
2023
70 OMB Control No: 2506-0117 (exp. 09/30/2021)
Grantee Unique Appendices

Annual Action Plan
2023
71 OMB Control No: 2506-0117 (exp. 09/30/2021)

CITY OF VALLEJO

COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM BUDGET FISCAL YEAR (FY) 2023-24

HCD COMMISSION AND STAFF RECOMMENDATION
APRIL 6, 2023
CDBG, FY 2023-24 Amount
Revenue
Entitlement (Projected) 1,035,447
Program Income (Projected) 5,000
Total Revenue 1,040,447
Expenditures
Administration
City Program Administration 208,089
(101-2102-463.xx-xx)
Projects
Social Services
Community Housing Development Corporation (CHDC) -
Housing Counseling Stability Program 30,000
(101-2104-463.40-91)
Fair Housing Advocates of Northern California -
Fair Housing Education and Enforcement Project 40,000
(101-2104-463.40-52)
Faith Food Fridays - Food Pantry Services 30,000
(101-2104-463.xx-xx)
Subtotal, Social Services 100,000
Public Facilities
Homeless Navigation Center 732,358
(101-2104-463.46-04)
Subtotal, Projects 832,358
Total Expenditures 1,040,447
J BUDGET AND GOALS FY 2023-2024 fy 2023 2024 cdbg budget recommendation (04 06 2023)

CITY OF VALLEJO

HOME INVESTMENT PARTNERSHIPS (HOME) PROGRAM BUDGET
FISCAL YEAR 2023-24

HCD COMMISSION AND STAFF RECOMMENDATION
APRIL 6, 2023

HOME, FY 2023-24 Amount
Revenue
Entitlement (Projected) 561,954
Program Income (Projected) 100,000
Total Revenue 661,954
Expenditures
Administration
City Program Administration 66,195
(102-2101-463.xx-xx)
Projects
CHDO Project (To Be Determined) 84,293
(102-2101-463.40-61)
Permanent Supportive Housing Project (To Be Determined) 511,465 (102-2101-463.xx-xx)
Subtotal, Projects 595,758
Total Expenditures 661,954
J BUDGET AND GOALS FY 2023-2024 fy 2023 2024 home budget recommendation (04 06 2023) CONSENT CALENDAR 8.F.

DATE: April 25, 2023
TO: Mayor and Members of the City Council
FROM: Melissa Tigbao, PE, Public Works Director
SUBJECT: ADOPT A RESOLUTION APPROVING PROJECT PLANS AND SPECIFICATIONS FOR THE F3 MARINA TENANT IMPROVEMENT/BARRIER PROJECT (PWC111) (PROJECT); FINDING THE

PROJECT EXEMPT FROM ENVIRONMENTAL REVIEW PURSUANT TO CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA) GUIDELINES SECTION 15301; AWARDING A CONSTRUCTION CONTRACT IN THE AMOUNT OF $471,565 TO MVP CONSTRUCTION, LLC IN

ACCORDANCE WITH THE APPROVED PLANS AND SPECIFICATIONS AND REJECTING ALL OTHER BIDS; AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE CONTRACT

RECOMMENDATION
Adopt a resolution approving project plans and specifications for the F3 Marina Tenant Improvement/Barrier Project (PWC111) (Project); finding the Project exempt from environmental review pursuant to California Environmental Quality Act (CEQA) Guidelines Section 15301; awarding a construction contract in the amount of $471,565 to MVP Construction, LLC in accordance with the approved plans and specifications and rejecting all other bids; and authorizing the City Manager to execute the contract.

REASONS FOR RECOMMENDATION
This project is part of the City’s efforts to maintain and enhance its existing facilities and infrastructure.

BACKGROUND AND DISCUSSION
Scope of Work
The Project is located at the Vallejo Municipal Marina, 42 Harbor Way. The scope of work includes the following upgrades to Building K, Building 42, and Building 7:
• Demolition of restroom interiors.
• Interior remodels with accessible restroom features.
• Site work for accessible parking upgrades.
• Site work for accessible path of travel upgrades.
• Installation of temporary construction fencing.
• All ancillary work associated with the renovation of the spaces and site improvements.

Bid Documents and Additive Alternate Bids
Additive alternate bidding is a technique used by public agencies to construct the maximum project scope within an available budget. Under this procedure, the agency defines its critical project scope as the “base bid” and defines additional scope as “alternates.” The agency further determines the basis for determining the lowest bidder. For example, it may choose to select the lowest bidder based on the lowest base bid or lowest base bid plus one or more alternates. For this project, the City determined the selection of the low bidder would be based on the lowest base bid for the work at Building K. Additive alternate bids were selected for work at Building 7 and Building 42, Additive Alternate Bid Nos. 1 and 2, respectively.

Advertisement for Bids

Date: April 25, 2023
Subject: ADOPT A RESOLUTION APPROVING PROJECT PLANS AND SPECIFICATIONS FOR THE F3 MARINA TENANT IMPROVEMENT/BARRIER PROJECT (PWC111) (PROJECT); FINDING THE

ACCORDANCE WITH THE APPROVED PLANS AND SPECIFICATIONS AND REJECTING ALL OTHER BIDS; AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE CONTRACT

Page 2 ends

Vallejo City CouncilApril 25, 2023

Vallejo City Council
April 25, 2023