AGENDA REPORT
DATE: August 11, 2025
TO: Honorable Mayor and City Council
FROM: Jennifer Crawford, Interim City Manager/TreasureC .
Phil White, Director of Finance
SUBJECT: Monthly Treasurer's Report June 2025
item No. 5
RECOMMENDATION:
That the City Council receive and file the Monthly Treasurer's Report for June 2025.
BACKGROUND/DISCUSSION:
To comply with the requirements of California Government Code Section 53607 and the recommendation of California Government Code Section 53646, a treasurer's report is submitted to the Council monthly.
It is the responsibility of the Finance staff to develop the Monthly Treasurer's Report in a timely manner for review by the City Manager/Treasurer, and ultimately the City Council. It is the function of the Treasurer to deposit and invest funds in accordance with the Investment Policy of the City of Yucaipa to achieve the stated objectives of preservation of capital, liquidity, and return on investment. The purpose of the Monthly Treasurer's Report is to provide the City Council with a snapshot of the City's investment portfolio. The balances included in the Monthly Treasurer's Report represent the market value of the City's investments.
The City utilizes the Monthly Treasurer's Report as one tool to monitor fiscal performance. The City's net position or fund balance (equity) is comprised of assets less liabilities. The portfolio is just one component of assets. The portfolio balance will fluctuate based on investment performance (yield) as well as timing of cash inflows (revenue collection) and cash outflows (expenditure payments).
The yield for the investment held with the Local Agency Investment Fund (LAIN') was 4.269% in June.
While the City does not have outstanding debt related to bond issuances, the City acts in a fiduciary capacity for the Successor Agency to the former Redevelopment Agency and the Chapman Heights Community Facilities District, both of which maintain outstanding bonds. The City pools cash and investments of all funds, except for assets related to the bond issuances of the Successor Agency and
Community Facilities District which are required to be held in separate accounts with fiscal agents in accordance with the bond indentures.
As required by the Investment Policy, the attached Monthly Treasurer's Report includes a certification that (1) All investment actions executed since the last report have been made in full compliance with the Investment Policy; and (2) the City will meet its expenditure obligations for the next six months.
FISCAL IMPACT:
The recommendation does not result in a fiscal impact.
Attachment(s):
1. Treasurer Report — June
2. Treasurer Managed Portfolio Summary — June
3. LAIF Quarterly Interest Statement — June
4. Wells Fargo Operating Account — June
5. Investments with Fiscal Agent Summary — June
6. Portfolio Holdings - June
ATTACHMENT 1
City of Yucaipa
Treasurer's Report - June 30, 2025
Attachment 1
Institution/Investment Type 1
May 2025
Balance
June 2025
Balance
Funds Under Control of the City:
U.S. Bank Investment Account - Managed by Treasurer
Cash and Equivalents
$ 3,192,423.84
$ 278,700.40
U.S. Government Issues
34,738,980.25
37,075,669.15
Corporate Issues
2,747,346.05
3,699,408.27
Municipal Issues
195,118.50
195,680.50
$ 40,873,868.64
$ 41,249,458.32
Local Agency Investment Fund (LAIF)
$ 15,989,553.03
$ 15,989,553.03
City Checking Account (Wells Fargo)
$ 6,392,595.44
$ 6,200,101.81
Petty Cash / Change Drawers
$ 2,750.00
$ 2,750.00
Total Funds Under Control of the City
$ 63,258,767.11
$ 63,441,863.16
Funds with Fiscal Agents:
Bank of New York Mellon
CFD 98-1 - Municipal Bond Insurance Policy
$ 1.00
$ 1.00
CFD 98-1 - Admin Exp Acct
$ 80,354.58
$ 80,354.58
CFD 98-1 - Cash
$ 201,577.53
$ 201,577.53
U.S. Bank
RDA 1998 TAB - Blackrock Instl Funds
$ 95.30
$ 95.65
RDA 1998 TAB - LAIF
$ 48,561.60
$ 48,561.60
RDA 2004 TAB - Blackrock Instl Funds
$ 160,262.38
$ 160,833.46
RDA 2010 TAB - Blackrock Instl Funds
$ 368,930.54
$ 370,245.20
Total Funds with Fiscal Agents
$ 859,782.93
$ 861,669.02
Grand Total
$ 64,118,550.04
$ 64,303,532.18
1. All investment actions executed since the last report have been made in full compliance with the Investment Policy; and
2. The City will meet its expenditure obligations for the next six months.
Treasurer:
ATTACHMENT 2
00237701
65- -01-B -82-185-01
0101-11-04304-01
CITY OF YUCAIPA - TREASURER MANAGED
ACCOUNT
ASSETS
06/30/2025
MARKET VALUE
% OF
MARKET
embank.
Period from June 1, 2025 to June 30, 2025
Cash And Equivalents
U.S. Government Issues
Corporate Issues
Municipal Issues
278, 700.40
37, 075, 669.15
3,699,408.27
195,680.50
0.67 89.33
8.91 0.47
Total Assets 41,249,458.32 99.38
Accrued Income
256,610.17 0.62
Grand Total
41,506,068.49 100.00
BONDS 98 -1
CASH EQUW & ACCR 1 29%
ATTACHMENT 3
719/25, 11:06 AM LAIF Regular Monthly Statement
California State Treasurer
Fiona Ma, CPA
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
CITY OF YUCAIPA
TREASURER
34272 YUCAIPA BLVD.
YUCAIPA, CA 92399
Account Number:
June 2025 Statement
Account Summary
Total Deposit:
Total Withdrawal:
July 09, 2025
LAIF Home
PMIA Average Monthly
Yields
Tran Type Definitions
0.00 Beginning Balance:
0.00 Ending Balance:
15,989,553.03
15,989,553.03
https:lAaifms.treasurer.ca.gov/RegularStatement.aspx 1/1
ATTACHMENT 4
Commercial Checking Acct Public Funds
Account number: ■ June 1, 2025 - June 30, 2025 • Page 1 of 6
CITY OF YUCAIPA
GENERAL OPERATING ACCOUNT
34272 YUCAIPA BLVD
YUCAIPA CA 92399-2434
Questions?
WELLS
FARGO
Lall your Customer Service Officer or Client Services
1-800-AT WELLS (1-800-289-3557)
5:00 AM TO 6:00 PM Pacific Time Monday - Friday
Online: wellsfargo.com
Write: Wells Fargo Bank, N.A. (114)
San Francisco Wholesale
PO Box 63020
San Francisco, CA 94163
Account summary
Commercial Checking Acct Public Funds
Account number Beginning balance
$6,392,595.44
Total credits
$4,359,326.67
Total debits
-$4,551,820.30
Ending balance
$6,200,101.81
Credits
Deposits
Effective Posted
date date
Amount Transaction detail
06/03
06/03
06/05
06/06
06/09
06/10
06/16
06/25
06/30
150.00
420.00
1,410.00
3,000.00
175.00
200.00
35.00 225.00
100.00
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
$5,71 5.00 Total deposits
Electronic deposits/bank credits
Effective Posted
date date
06/02
06/02
06/02
06/02
06/02
06/02
06/03
06/03
06/03
06/03
06/03
02010 Wdls Fmgo Bar& f1A.
All rifts reserved Member FOK.
Amount Transaction detail
99.42 297.00
341.00
8,379.38
10,755.74
1,253.62
26.64 60.00
4,385.01
12,940.42
144,740.99
Stripe Transfer St-J7T9R3K3V9N6 City of Yucaipa
Paymentech Transfer 250602 TyIer0005037661 Mun Csh CA Yucaipa Gen American Express Settlement 250530 5647699172 Comm Devt 5647699172 Desktop Check Deposit
Paymentech Transfer 250602 Tyler0005037697 Eg Css CA Yucaipa Comm ZBA Funding Account Transfer From 4241875095
Paymentech Transfer 250603 TyIer0005037661 Mun Csh CA Yucaipa Gen 06/03Bankcard Deposit -0328149721
Paymentech Transfer 250603 Tyler0005037697 Eg Css CA Yucaipa Comm County of San Be Achpayment 2008093534 City of Yucaipa
Desktop Check Deposit
(114)
Sheet Seq = 0039904
Sheet 00001 of 00006
ATTACHMENT 5
City of Yucaipa
Investment with Fiscal Agent Summary
FY 2025
Bank of New York Mellon CFD 98-1
703132 Principal AC - Cash
703132 Principal AC - Municipal Bond Insurance Policy
703170 Admin Exp Acct
6/30/2024
$ 201,577.53
$ 1.00
$ 80,354.58
$ 281,933.11
U.S. Bank
RDA 1998 TAB
6711616700 Project Acct - Blackrock Instl Funds $ 0.24
6711616701 Interest Acct - Blackrock Instl Funds $ 27.28 6711616702 Principal Acct - Blackrock lnstl Funds $ 32.78 6711616703 Sinking Acct - Blackrock Instl Funds $ 35.28 6711616704 Reserve Acct - Blackrock Instl Funds $ 0.07
6711616704 Reserve Acct - LAIF $ 48,561.60
$ 48,657.25
RDA 2004 TAB
6711740700 Project Acct - Blackrock Instl Funds $ 0.12
6711740701 Interest Acct - Blackrock Instl Funds $ 13,532.89 6711740702 Principal Acct - Blackrock Instl Funds $ 242.01 6711740703 Reserve Acct - Blackrock Instl Funds $ 147,058.44 $ 160,833.46
RDA 2010 TAB
6711740705 Reserve Acct - Blackrock Instl Funds $ 370,245.20
ATTACHMENT 6
TVI
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Portfolio Summary
Wgtd Avg YTM •
Wgtd Avg YTM with Liq. Bal.•
Wgtd Avg YTW ••
Wgtd Avg Mat (no call)
Wgtd Avg Mat with Liq. Bal.
3.89%
3.61%
3.89%
2.43 yrs
1.58 yrs
Yucaipa
Portfolio Composition (incl. Liquid Balances)
Portfolio Ratings (Worst•")
Sector
Agencies
Treasuries
Certificates of Deposit
Municipal Bonds
Par value YTM • W8Igl
11,500,000 4.46% 17.9%
25,965,000 3.69% 40.5%
1,589,000 4.16% 2.5%
200,000 1.35% 0.3%
Wgtd Avg Mat (all called) 2.14 yrs Corporate Bonds 2,380,877 3.32% 3.7% Mortgages
Commercial Paper
Market Value 6/30/2025 41,181,019 Supra Nationals
Par Value 41,634,877
liquid Balances 22,468,355
Total Par with liquid Bal. 64,103,232
Current MV with Liquid Bal. 63,649,374
• Purchase Yield to Maturity
Total 41,634,877 3.89% 64.9%
Account Name Balance Rate Weight
LAIF 15,989,553 4.27% 24.9%
Wells Fargo 6,200,102 0.00% 9.7%
US Bank Money Market 278,700 4.22% 0.4%
Total Uquid Balances
• • Purchase Yield to Worst
22,468,355 3.09%
35.1%
3.7%
2.5%0.3%
• Agencies ■ Treasuries
n Certificates of Deposit Municipal Bonds
• Corporate Bonds • Liquid Balances
AA ■ AA+ AA AA- • As • A A. BBB NR
• • • All ratings are shown in S&P format.
Ratings Do Not Include Liquid Balances.
Maturity Distribution
$10.MM
$9.MM
58.MM
$7.MM
56.MM
$5.MM
54.MM
$3.MM
52.MM
51.MM
50 0-3mo
3 - 6mo
57.2MM
6 - 12mo
$6.2MM
1 - 2yr
59.2MM
2 - 3yr
$6.OMM
3 - 4yr
59.SMM
4 - Syr
50.0 5 - 7yr
50.0 7-l0yr
Performance versus Benchmark as of 6/30/2025
Yield to Maturity:
Portfolio
2-Year Treasury
Fed Funds
As of
As of
1Yr Average 6/30/2025 1Mo Ago 3Mos Ago 6Mos Ago 9Mos Ago 12/31/2024 1Yr Ago 3Yrs Ago SYrs Ago n/a 3.89% 3.82% n/a n/a n/a n/a n/a n/a n/a
4.04% 3.88% 3.89% 3.89% 4.24% 3.66% 4.25% 4.71% 2.92% 0.16%
4.83% 4.50% 4.50% 4.50% 4.50% 5.00% 4.50% 5.50% 1.75% 0.25%
50.0 Over l0yr
Excluded Securities
Bonds that are not found
will not be shown
Cu51D Reason
2 Report Date: 6/30/2025
TVI
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Cash -Flows - from 07/2025 to 06/2026 - Assuming None Called Type
Callable
Non -Callable
TOTAL
Par Jul_25 Aua-25 SA tr25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 JA r-26 May-26 Jun-26 5,205,000 2,098 3,923 4,326 10,250 75,502 0 2,098 3,923 4,326 10,250 152,713 0 36,429,877 2,838,241 113,083 30,558 51,935 802,045 229,980 960,118 113,081 1,195,556 541,933 349,978 4,534,389 41,634,877 2,840,339 117,006 34,884 62,185 877,547 229,980 962,216 117,004 1,199,882 552,183 502,691 4,534,389 I Interest Payments
250,000
200,000
150,000
100,000
50,000
0 Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
Mar-26
Apr-26
May-26
Jun-26
Principal Payments
5,000,000
4,500,000
4,000,000
3,500,000
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0 Jul-25 Aug-25
Sep-25 Oct-25
Nov-25 Dec-25
Jan-26 Feb-26
Mar-26 Apr-26
May-26 Jun-26
3 Report Date: 6/30/202S
TVI
TIME
VALUE
INVESTMENTSk
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Cash -Flows - from 07/2025 to 06/2026 - Recognizing Likelihood of Call* Tvae
Callable
Non -Callable
TOTAL
Par Jul_25 Ault-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 5,205,000 2,098 2,053,062 4,326 10,250 26,363 0 2,098 3,923 4,326 10,250 105,413 0 36,429,877 2,838,241 113,083 30,558 51,935 802,045 229,980 960,118 113,081 1,195,556 541,933 349,978 4,534,389 41,634,877 2,840,339 2,166,145 34,884 62,185 828,408 229,980 962,216 117,004 1,199,882 552,183 455,391 4,534,389 Interest Payments
250,000
200,000
150,000
100,000
50,000
0 Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
Mar-26
Apr-26
May-26
Jun-26
Principal Payments
5,000,000
4,500,000
4,000,000
3,500,000
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0 Jul-25 Aug-25
• Likelihood based on 06/30/2025 market rates
Sep-25 Oct-25
Nov-25 Dec-25
Jan-26 Feb-26
Mar-26 Apr-26
May-26 Jun-26
4 Report Date: 6/30/2025
TVI
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Extended Cash -Flows
8 Cusip MIAMI Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Year 1Total 1 91282CEy3 2,000,000 2,030,000 0 0 0 0 0 0 0 0 0 0 0 2,030,000 2 91282CAB7 750,000 750,938 0 0 0 0 0 0 0 0 0 0 0 750,938 3 3135G06G3 750,000 0 0 0 0 751,875 0 0 0 0 0 0 0 751,875 4 43815GAC3 2,815 2 2 2 2 2 2 2,817 0 0 0 0 0 2,829
5 91282CBH3 900,000 1,688 0 0 0 0 0 901,688 0 0 0 0 0 903,376 6 64985TDC2 150,000 0 0 983 0 0 0 0 0 150,983 0 0 0 151,966 7 91282CBT7 1,015,000 0 0 3,806 0 0 0 0 0 1,018,806 0 0 0 1,022,612 8 91282C8W0 490,000 0 0 0 1,838 0 0 0 0 0 491,838 0 0 493,676 9 04636NAA1' 80,000 0 0 80,480 80,960
10 91282CCF6 300,000 0 0 0 0 1,125 0 0 0 0 0 301,125 0 302,250 1131301118T3 4,000,000 0 0 0 0 0 97,500 0 0 0 0 0 4,097,500 4,195,000 12 345286AC2 2,655 3 3 3 3 3 3 3 3 3 3 3 2,658 2,691
13 14317DAC4 1,869 1 1 1 1 1 1 1 1 1 1 1 1,870 1,881
14 91282CC18 300,000 0 0 0 0 0 1,313 0 0 0 0 0 301,313 302,626 15 544647FC9 50,000 364 0 0 0 0 0 364 0 0 0 0 0 728
16 91282CHM6 1,700,000 38,250 0 0 0 0 0 38,250 0 0 0 0 0 76,500 17 9128282A7 200,000 0 1,500 0 0 0 0 0 1,500 0 0 0 0 3,000 18 05602RAD3 10,030 27 27 27 27 27 27 27 27 27 27 27 27 324 19 02665W0Z1• 125,000 0 0 813 0 u o 0 0 813 u 0 1,626
20 362554AC1 2,355 1 1 1 1 1 1 1 1 1 1 1 1 12
21 98163KAC6 1,980 1 1 1 1 1 1 1 1 1 1 1 1 12
22 448977A00 13,934 26 26 26 26 26 26 26 26 26 26 26 26 312 23 91282COG3 575,000 0 0 0 3,234 0 0 0 0 0 3,234 0 0 6,468 24 025816CM9' 125,000 0 0 0 0 1,040 0 0 0 0 0 1,023 0 2,063 25 91282COK4 250,000 0 0 0 0 1,563 0 0 0 0 0 1,563 0 3,126 26 24422EWA3 75,000 638 0 0 0 0 0 638 0 0 0 0 0 1,276
27 87612EBM7' 110,000 1,073 0 0 0 0 0 1,073 0 0 0 0 0 2.146 28 06406R8A4' 100,000 1,025 0 0 0 0 0 1,025 0 0 0 0 0 2,050 29 459200KM2' 135,000 0 1,485 0 0 0 0 0 1,485 0 0 0 0 2,970 30 912828V98 650,000 0 7,313 0 0 0 0 0 7,313 0 0 0 0 14,626 31 362585AC5 12,846 33 33 33 33 33 33 33 33 33 33 33 33 396 32 438516CE4' 100,000 0 0 550 0 0 0 0 0 550 0 0 0 1,100 33 3133EP4U6 1,150,000 0 0 25,156 0 0 0 0 0 25,156 0 0 0 50,312 34 14318MA01 52,394 173 173 173 173 173 173 173 173 173 173 173 173 2,076 35 665859AW4' 90,000 0 0 0 0 1,800 0 0 0 0 0 1,800 0 3,600 36 912828X88 510,000 0 0 0 0 6,056 0 0 0 0 0 6,056 0 12,112 37 91324PE03' 60,000 0 0 0 0 1,110 0 0 0 0 0 1,110 0 2,220 38 254683C52 125,000 346 346 346 346 346 346 346 346 346 346 346 346 4,152 39 45814081(5" 130,000 0 2,438 0 0 0 0 0 2,438 0 0 0 0 4,876 40 9128282R0 4,300,000 0 48,375 0 0 0 0 0 48,375 0 0 0 0 96,750 41 91282CAH4 175,000 0 438 0 0 0 0 0 438 0 0 0 0 876
42 931142EX7' 150,000 0 0 2,963 0 0 0 0 0 2,963 0 0 0 5,926 43 91282CGH8 900,000 15,750 0 0 0 0 0 15,750 0 0 0 0 0 31,500 44 91282CGP0 2,000,000 0 40,000 0 0 0 0 0 40,000 0 0 0 0 80,000 5 Report Date: 6/30/2025
TVI
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Extended Cash -Flows
45 616900RP5
46 3130AWC24
47 05612LFD9
48 856288BU8
49 61776NTK9
50 919853QU8
51 91282CHK0
52 3133EPA47
53 3130AFFx0
54 91282CKP5
Par Value Jul_25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 Mav-26 Jun-26 Year 1 Total 244,000 0 0 0 0 5,843 0 0 0 0 0 5,747 0 11,590
300,000 0 0 0 0 0 6,000 0 0 0 0 0 6,000 12,000
244,000 0 0 0 0 0 4,955 0 0 0 0 0 4,927 9,882
244,000 0 0 0 0 0 5,260 0 0 0 0 0 5,232 10,492
244,000 0 0 0 0 0 5,199 0 0 0 0 0 5,171 10,370
244,000 0 0 0 0 0 5,077 0 0 0 0 0 5,049 10,126
500,000 0 0 0 0 0 10,000 0 0 0 0 0 10,000 20,000
1,000,000 0 0 0 0 24,375 0 0 0 0 0 24,375 0 48,750
300,000 0 0 0 0 4,875 0 0 0 0 0 4,875 0 9,750
2,000,000 0 0 0 46,250 0 0 0 0 0 46,250 0 0 92,500
56 073718W0 244,000 0 0 0 0 5,720 0 0 0 0 0 5,626 0 11,346 57 91282CEV9 4,000,000 0 0 0 0 0 65,000 0 0 0 0 0 65,000 130,000 58 91282CF15 950,000 0 14,844 0 0 0 0 0 14,844 0 0 0 0 29,688 59 91282CGB1 1,500,000 0 0 0 0 0 29,063 0 0 0 0 0 29,063 58,126 60 76116FAB3 1,000,000 0 0 0 0 0 0 0 0 0 0 0 0 0
61 92826CAM4' 1,000,000 0 0 0 10,250 0 0 0 0 0 10,250 0 0 20,500 62 31341-180W4' 1,000,000 0 0 0 0 21,933 0 0 0 0 0 21,000 0 42,933 'TOTAL 41,634,877 2,840,339 2,166,145 34,884 62,185 828,408 229,980 962,216 117,004 1,19,3,882 552,183 455,391 4,534,389 13,983,006 • Callable - currently not likely to be called See Cosh -Flows groph obove "Recognizing Likelihood of Coll" for current projected cosh -flows " Callable - currently likely to be called
6 Report Date: 6/30/2025
TVI
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Maturity Distribution
25%
20%
15% -
10%
5%
0%
6.6%
0. 3mo
1.8%
3-6mo
17.4%
6- 12mo
14.9%
1- 2yr
22.0%
2- 3yr
14.5%
3 - 4yr
22.7%
4 - Syr
0.0%
0.0%
0.0%
5 7yr
7- l0yr
Over l0yr
Portfolio Details - Sorted by Maturity
8 CUSIP/Sec-ID Sec Duuc 1
0 Total Liquid Balances
1 91282CEY3 TREAS NTS
2 91282CAB7 T
3 3135G06G3 FEDL NATL MTG ASSN SER BENCHM
4 43815GAC3 HONDA AUTO REC OWNR SER 2021-4
5 91282C8H3 T
6 64985TDC2 NEW YORK ST URBAN DEV CORP S
7 91282C8T7 T
8 91282C8W0 T
9 04636NAA1 ASTRAZENECA FINANCE LLC NOTE
10 91282CCF6 T
11 313081873 FEDERAL HOME LOAN BANKS BOND
12 345286AC2 FORD CR AUTO OWN TR SER 2022-A
13 14317DAC4 CARMAX AUTO OWN TR SER 2021-3
14 91282CC18 TREAS SER AA-202
15 544647FC9 LOS ANGELES CALIF UNI SCH DI
16 91282CHM6 TREAS SER AQ-202
17 9128282A7 T
18 05602RAD3 BMW VEHICLE OWNER TRSER 2022-A
19 02665WD21 AMERICAN HONDA FIN CORP SER
20 362554AC1 GM FIN CONS AUTO RECSER 2021-4
21 98163KAC6 WORLD OMNI AUTO REC SER 2021-D
22 448977AD0 HYUNDAI AUTO REC TR SER 2022-A
23 91282C:43 T
24 025816CM9 AMERICAN EXPRESS CO NOTE
25 91282CDK4 TREAS NTS
26 24422EWA3 JOHN DEERE CAPITAL CORPORATIO
27 87612EBM7 TARGET CORP NOTE CALL
28 06406R8A4 BANK NEW YORK MELLONCORP SER
29 459200KM2 INTERNATIONAL BUSINESS M
30 912828V98 T
Welaht Par Value Couoon • •Settk jh Mat Dt Nxt Call DL Retina ••• YTM •• YTW •• Duration
35.1% 22,468,355
3.1% 2,000,000 3.000 7/9/2024 7/15/2025 AAA 4.94 4.94 0.04
1.2% 750,000 0.250 2/28/2023 7/31/2025 AAA 1.20 1.20 0.08
1.2% 750,000 0.500 8/1/2024 11/7/2025 AA+ 4.63 4.63 0.35
0.0% 2,815 0.880 2/28/2023 1/21/2026 AAA 0.89 0.89 0.56
1.4% 900,000 0.375 2/28/2023 1/31/2026 AAA 0.85 0.85 0.57
0.2% 150,000 1.310 2/28/2023 3/15/2026 NR 1.31 1.31 0.69
1.6% 1,015,000 0.750 2/28/2023 3/31/2026 AAA 1.07 1.07 0.73
0.8% 490,000 0.750 2/28/2023 4/30/2026 AAA 0.58 0.58 0.82
0.1% 80,000 1.200 2/28/2023 5/28/2026 4/28/2026 A. 1.17 1.17 0.90 Anytime
0.5% 300,000 0.750 2/28/2023 5/31/2026 AAA 0.82 0.82 0.90
6.2% 4,000,000 4.875 5/17/2024 6/12/2026 AA. 4.76 4.76 0.92
0.0% 2,655 1.290 2/28/2023 6/15/2026 AAA 1.29 1.29 0.95
0.0% 1,869 0.550 2/28/2023 6/15/2026 AAA 0.56 0.56 0.95
0.5% 300,000 0.875 2/28/2023 6/30/2026 AAA 3.11 3.11 0.98
0.1% 50,000 1.455 2/28/2023 7/1/2026 NR 1.46 1.46 0.97
2.7% 1,700,000 4.500 7/9/2024 7/15/2026 AAA 4.56 4.56 0.99
0.3% 200,000 1.500 2/28/2023 8/15/2026 AAA 3.37 3.37 1.09
0.0% 10,030 3.210 2/28/2023 8/25/2026 AAA 3.21 3.21 1.12
0.2% 125,000 1.300 2/28/2023 9/9/2026 7/24/2025 A- 1.72 1.72 1.17 Anytime
0.0% 2,355 0.680 2/28/2023 9/16/2026 AAA 0.68 0.68 1.20
0.0% 1,980 0.810 2/28/2023 10/15/2026 AAA 0.81 0.81 1.28
0.0% 13,934 2.220 2/28/2023 10/15/2026 AAA 2.22 2.22 1.26
0.9% 575,000 1.125 2/28/2023 10/31/2026 AAA 2.43 2.43 1.30
0.2% 125,000 1.650 2/28/2023 11/4/2026 10/4/2026 A- 1.85 1.85 1.32 Anytime
0.4% 250,000 1.250 2/28/2023 11/30/2026 AAA 1.17 1.17 1.38
0.1% 75,000 1.700 2/28/2023 1/11/2027 A 1.85 1.85 1.49
0.2% 110,000 1.950 2/28/2023 1/15/2027 12/15/2026 A 1.91 1.91 1.50 Anytime
0.2% 100,000 2.050 2/28/2023 1/26/2027 12/24/2026 A 2.02 2.02 1.53 Anytime
0.2% 135,000 2.200 2/28/2023 2/9/2027 1/9/2027 A- 2.53 2.53 1.56 Anytime
1.0% 650,000 2.250 2/28/2023 2/15/2027 AAA 2.95 2.95 1.56 Estimated Estimated
CaI TYoe Bos to Call Redem. Date
7/15/2025
7/31/2025
11/7/2025
1/21/2026
1/31/2026
3/15/2026
3/31/2026
4/30/2026
5/28/2026
5/31/2026
6/12/2026
6/15/2026
6/15/2026
6/30/2026
7/1/2026
7/15/2026
8/15/2026
8/25/2026
9/9/2026
9/16/2026
10/15/2026
10/15/2026
10/31/2026
11/4/2026
11/30/2026
1/11/2027
1/15/2027
1/26/2027
2/9/2027
2/15/2027
7 Report Date: 6/30/2025
TIME
VALUE
INVESTMENTS
Yucaipa
Portfolio Details - Sorted by Maturity
31 362585AC5
32 438516CE4
33 3133EP4U6
34 14318MAD1
35 665859AW4
36 912828X88
37 91324PEG3
38 254683C52
39 4581408Y5
40 9128282R0
41 91282CAH4
42 931142EX7
43 91282CGH8
44 91282CGP0
45 61690DRP5
46 3130AWC24
47 05612LFD9
48 856288BU8
49 61776NTK9
50 919853QU8
51 91282CHK0
52 3133EPA47
53 3130AFFX0
54 91282CKP5
55 3133ETGK7
56 07371BW0
57 91282CEV9
58 91282CF15
59 91282CGB1
60 76116FA83
61 92826CAM4
62 3134HBQW4
GM FIN CONS AUT REC SER 2022-2
HONEYWELL INTL INC NOTE CALL
FFCB
CARMAX AUTO OWNER SER 2022-3
NORTHERN TR CORP NOTE
TREAS SER C-2027
UNITEDHEALTH GROUP INC NOTE
DISCOVER CARD EXE NTSER 2022-2
INTEL CORP NOTE CALL
T
TREAS SER P-2027
WALMART INC NOTE CALL
TREAS SER U-2028
T
MORGAN STANLEY BK N A CD
FEDERAL HOME LOAN BANKS
BMW BANK CD CTF DEP
STATE BANK INDIA CO CTF DEP
MS PVT BK NATL ASSN CO CTF DEP
VALLEY NATL 8K CD CTF DEP
TREAS SER AA-202
FFCB
FEDERAL HOME LOAN BANK 4973
TREAS SER Y-2029
FFCB
XD BK PLANO TEX CD
TREAS SER M-2029
TREAS SER P-2029
TREAS SER T-2029
RFCSP
VISA INC NOTE CALL
FHLMC
0.0%
0.2%
1.8%
0.1%
0.1%
0.8%
0.1%
0.2%
0.2%
6.7%
0.3%
0.2%
1.4%
3.1%
0.4%
0.5%
0.4%
0.4%
0.4%
0.4%
0.8%
1.6%
0.5%
3.1%
3.1%
0.4%
6.2%
1.5%
2.3%
1.6%
1.6%
1.6%
12,846
100,000
1,150,000
52,394
90,000
510,000
60,000
125,000
130,000
4,300,000
175,000
150,000
900,000
2,000,000
244,000
300,000
244,000
244,000
244,000
244,000
500,000
1,000,000
300,000
2,000,000
2,000,000
244,000
4,000,000
950,000
1,500,000
1,000,000
1,000,000
1,000,000
3.100
1.100
4.375
3.970
4.000
2.375
3.700
3.320
3.750
2.250
0.500
3.950
3.500
4.000
4.750
4.000
4.050
4.300
4.250
4.150
4.000
4.875
3.250
4.625
4.730
4.650
3.250
3.125
3.875
0.000
2.050
4.200
2/28/2023
2/28/2023
6/12/2025
2/28/2023
2/28/2023
2/28/2023
2/28/2023
2/28/2023
2/28/2023
7/9/2024
2/28/2023
2/28/2023
1/18/2024
1/30/2024
5/30/2024
2/13/2024
6/13/2025
6/16/2025
6/18/2025
6/17/2025
3/13/2024
6/12/2025
2/13/2024
5/15/2025
5/15/2025
6/5/2024
10/25/2024
11/21/2024
2/5/2025
5/15/2025
4/30/2025
5/15/2025
2/16/2027
3/1/2027
3/8/2027
4/15/2027
5/10/2027
5/15/2027
5/15/2027
5/17/2027
8/5/2027
8/15/2027
8/31/2027
9/9/2027
1/31/2028
2/29/2028
5/30/2028
6/9/2028
6/13/2028
6/16/2028
6/20/2028
6/20/2028
6/30/2028
11/1/2028
11/16/2028
4/30/2029
5/14/2029
5/30/2029
6/30/2029
8/31/2029
12/31/2029
1/15/2030
4/15/2030
5/20/2030
AAA
A
AA+
AAA
4/10/2027 A
AA+
4/15/2027 A
AAA
7/5/2027 BBB
AAA
AAA
8/9/2027 AA
AA+
AAA
NR
AA+
NR
NR
NR
NR
AAA
AA+
AA+
AA+
8/14/2025 AA+
NR
AAA
AAA
AA+
AA+
1/15/2030 AA-
5/20/2026 AA+
2/1/2027
3.11 3.11 1.58 2/16/2027
2.33 2.33 1.64 Anytime 3/1/2027
3.85 3.85 1.60 3/8/2027
3.97 3.97 1.71 4/15/2027
3.75 3.74 1.77 Anytime 5/10/2027
3.46 3.46 1.81 5/15/2027
3.56 3.56 1.79 Anytime 5/15/2027
3.32 3.32 1.81 5/17/2027
3.72 3.72 1.97 Anytime 8/5/2027
4.41 4.41 2.03 8/15/2027
3.93 3.93 2.12 8/31/2027
3.91 3.91 2.06 Anytime 9/9/2027
4.04 4.04 2.41 1/31/2028
4.14 4.14 2.48 2/29/2028
4.75 4.75 2.69 5/30/2028
4.18 4.18 2.75 6/9/2028
4.05 4.05 2.75 6/13/2028
4.30 4.30 2.75 6/16/2028
4.25 4.25 2.76 6/20/2028
4.15 4.15 2.77 6/20/2028
4.17 4.17 2.81 6/30/2028
3.88 3.88 3.04 11/1/2028
4.08 4.08 3.15 11/16/2028
3.98 3.98 3.47 4/30/2029
4.73 4.73 0.12 Anytime 31 8/14/2025
4.65 4.65 3.54 5/30/2029
3.98 3.98 3.71 6/30/2029
4.23 4.23 3.82 8/31/2029
4.30 4.30 4.10 12/31/2029
4.25 4.25 4.45 1/15/2030
4.12 4.12 4.52 Anytime 4/15/2030
4.30 4.30 4.35 Annually (24) 5/20/2030
TOTAL and AVERAGES
100.0% 64,103,232 2.43 yrs 2.14 yrs 3.89 3.89 2.10
• Semi -Annual interest payment
• • Yields calculated using cost price, at settlement date • • • Ratings Shown Are: Lowest Rating in S&P format, NR AGY = Non -Rated U.S. Government Agency 8 Report Date: 6/30/2025