AGENDA REPORT
DATE: September 22, 2025
TO:
FROM: Jennifer Crawford, Interim City anager/Treasurer o) Phil White, Director of Finance
Honorable Mayor and City Council
SUBJECT: Monthly Treasurer's Report August 2025
Item No. 2
RECOMMENDATION:
That the City Council receive and file the Monthly Treasurer's Report for August 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 the timing of cash inflows (revenue collection) and cash outflows (expenditure payments).
The yield for the investment held with the Local Agency Investment Fund (LAIF) was 4.251% in August.
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 — August
2. Treasurer Managed Portfolio Summary — August
3. LAIF Quarterly Interest Statement — August
4. Wells Fargo Operating Account — August
5. Investments with Fiscal Agent Summary — August
6. Portfolio Holdings - August
ATTACHMENT 1
City of Yucaipa
Treasurer's Report - August 31, 2025
Attachment 1
Institution/Investment Type
I July 2025
Balance
I August 2025
Balance
Funds Under Control of the City:
U.S. Bank Investment Account - Managed by Treasurer
Cash and Equivalents
$ 73,579.74
$ 175,712.58
U.S. Government Issues
35,508,249.05
35,732,871.55
Corporate Issues
5,426,425.86
5,447,414.94
Municipal Issues
196,027.50
196,859.00
$ 41,204,282.15
$ 41,552,858.07
Local Agency Investment Fund (LAIF)
$ 11,150,883.99
$ 11,150,883.99
City Checking Account (Wells Fargo)
$ 5,531,710.87
$ 4,565,175.61
Petty Cash / Change Drawers
$ 2,750.00
$ 2,750.00
Total Funds Under Control of the City
$ 57,889,627.01
$ 57,271,667.67
Funds with Fiscal Agents:
Bank of New York Mellon
CFD 98-1 - Municipal Bond Insurance Policy
$ 1.00
$ 1.00
CFD 98-1 - Cash
$ 1,486,500.00
$ 1,768,438.11
U.S. Bank
RDA 1998 TAB - Blackrock Instl Funds
$ 39,848.21
$ 39,857.70
RDA 1998 TAB - LAIF
$ 49,093.64
$ 49,093.64
RDA 2004 TAB - Blackrock Instl Funds
$ 508,235.47
$ 509,405.77
RDA 2010 TAB - Blackrock Instl Funds
$ 371,516.66
$ 372,837.83
Total Funds with Fiscal Agents
$ 2,455,194.98
$ 2,739,634.05
Grand Total
$ 60,344,821.99
$ 60,011,301.72
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
00186401
65- -01-B -82-248-01
0101-11-04304-01
CITY OF YUCAIPA - TREASURER MANAGED
ACCOUNT
ASSET SUMMARY
ASSETS
08/31/2025
MARKET VALUE
% OF
MARKET
Cash And Equivalents
U.S. Government Issues
Corporate Issues
Municipal Issues
175,712.58
35,732,871.55
5,447,414.94
196, 859.00
0.42 85.35
13.01 0.47
Total Assets
Accrued Income
41,552,858.07 99.25
312,278.49 0.75
Grand Total
41,865,136.56 100.00
embank
Period from August 1, 2025 to August 31, 2025
BONDS 98.83%
CASH EQUIV 8 ACCR 1.17%
ATTACHMENT 3
9/8/25, 5:31 PM 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:
August 2025 Statement
Account Summary
Total Deposit:
Total Withdrawal:
September 08, 2025
LAIF Home
PMIA Average Monthly
Yields
Tran Type Definitions
0.00 Beginning Balance:
0.00 Ending Balance:
11,150,883.99
11,150,883.99
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1
ATTACHMENT 4
Commercial Checking Acct Public Funds
Account number: ■ August 1, 2025 - August 31, 2025 ■ Page 1 of 7
CITY OF YUCAIPA
GENERAL OPERATING ACCOUNT
34272 YUCAIPA BLVD
YUCAIPA CA 92399-2434
Questions?
WELLS
FARGO
Call 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 Total credits
$5,531,710.87 $2,876,671.33
Total debits Ending balance
-53,843,206.59 $4,565,175.61
Credits
Deposits
Effective Posted
date date
Amount Transaction detail
08/01
08/07
08/07
08/07
08/07
08/08
08/11
08/12
08/18
08/19
235.00 Deposit
300.00 Deposit
720.00 Deposit
847.00 Deposit
2,670.00 Deposit
11,607.00 Deposit
830.00 Deposit
200.00 Deposit
225.00 Deposit
33.00 Deposit
$17,667.00
Electronic deposits/bank credits
Effective Posted
date date
Amount
Total deposits
Transaction detail
08/01
08/01
08/01
08/01
08/04
08/04
08/04
08/04
08/04
08/04
4D2010 Wells Fargo Bark, N.A.
All rights reserved Member FDIC.
273.00
693.00
1,701.00
134,365.05
43.10 439.00
579.00
633.00
2,333.00
10,561.68
American Express Settlement 250731 5647699172 Comm Devt 5647699172 Paymentech Transfer 250801 Tyler0005037697 Eg Css CA Yucaipa Comm Paymentech Transfer 250801 TyIer0005037661 Mun Csh CA Yucaipa Gen Apport St of CA Apsapports 072925 1927 Yucaipa City Treasurer Paymentech Transfer 250804 TyIer0005037661 Mun Csh CA Yucaipa Gen 08/04Bankcard Deposit -0328149721
08/04Bankcard Deposit -0328149721
08/04Bankcard Deposit -0328149721
American Express Settlement 250801 5647699172 Comm Devt 5647699172 Paymentech Transfer 250804 Tyler0005037697 Eg Css CA Yucaipa Comm (114)
Sheet Seq a 0038676
Sheet0000t of 00007
ATTACHMENT 5
City of Yucaipa
Investment with Fiscal Agent Summary
FY 2026
Bank of New York Mellon CFD 98-1
703130 Special Tax Acct - Cash
703132 Principal AC - Cash
703132 Principal AC - Municipal Bond Insurance Policy
703170 Admin Exp Acct - Cash
8/31/2025
$ 1,486,500.00
$ 199,970.44
$ 1.00
$ 81,967.67
$ 1,768,439.11
U.S. Bank
RDA 1998 TAB
6711616700 Project Acct - Blackrock Instl Funds $ 0.24
6711616701 Interest Acct - Blackrock Instl Funds $ 4,788.85 6711616702 Principal Acct - Blackrock Instl Funds $ 33.01 6711616703 Sinking Acct - Blackrock Instl Funds $ 35,035.53 6711616704 Reserve Acct - Blackrock Instl Funds $ 0.07
$ 39,857.70
6711616704 Reserve Acct - LAIF $ 49,093.64
$ 88,951.34
RDA 2004 TAB
6711740700 Project Acct - Blackrock Instl Funds $ 0.12
6711740701 Interest Acct - Blackrock Instl Funds $ 151,073.74 6711740702 Principal Acct - Blackrock Instl Funds $ 210,243.70 6711740703 Reserve Acct - Blackrock Instl Funds $ 148,088.21 $ 509,405.77
RDA 2010 TAB
6711740705 Reserve Acct - Blackrock Instl Funds $ 372,837.83
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.
3.90%
3.66%
3.68%
2.57 yrs
1.86 yrs
Yucaipa
Portfolio Composition (incl. Liquid Balances)
Portfolio Ratings (Worst***)
Sector
Agencies
Treasuries
Certificates of Deposit
Municipal Bonds
Par Value YTM * Weight
12,905,000 4.41% 22.3%
23,215,000 3.67% 40.1%
2,203,000 4.22% 3.8%
200,000 1.35% 0.3%
Wgtd Avg Mat (all called) 2.11 yrs Corporate Bonds 3,505,877 3.48% 6.1% Mortgages
Commercial Paper
Market Value 8/31/2025 41,664,455 Supra Nationals
Total 42,028,877 3.90% 72.6%
Account Name Balance Rate Weight
Par Value 42,028,877 LAIF 11,150,884 4.26% 19.3%
Liquid Balances 15,890,773 Wells Fargo 4,564,176 0.00% 7.9% Total Par with Liquid Bal. 57,919,650 US Bank Money Market 175,713 4.18% 0.3% Current MV with Liquid Bal. 57,555,228
• Purchase Yield to Maturity
Total Liquid Balances 15,890,773 3.04% 27.4%
•• Purchase Yield to Worst
• Agencies
Certificates of Deposit
• Corporate Bonds
Municipal Bonds
• Liquid Balances
AA • AA+ AA AA- ■ A+ • A A- BBB NR
••• All ratings are shown in S&P format.
Ratings Do Not Include Liquid Balances.
Maturity Distribution
$10.MM
$9.MM
$8.MM
$7.MM
$6.MM
$5.MM
$4.MM
$3.MM
$2.MM
$1.MM
$0
0 - 3m0
3 - 6mo
6 - 12mo
$8.9MM
1 - 2yr
56.8MM
2 - 3yr
$7.5MM
3 - 4yr
$8.9MM
4 - Syr
$0.0
5 - 7yr
$0.0
7 - 10yr
Performance versus Benchmark as of 8/31/2025
As of As of
1Yr Average 8/31/2025 1Mo Ago 3Mos Ago 6Mos Ago 9Mos Ago 12/31/2024 1Yr Ago 3Yrs Ago 5Yrs Ago Yield to Maturity:
Portfolio
2-Year Treasury
Fed Funds
n/a 3.90% 3.62% 3.82% n/a n/a n/a n/a n/a n/a
3.97% 3.51% 3.94% 3.89% 3.99% 4.13% 4.25% 3.91% 3.45% 0.14%
4.65% 4.50% 4.50% 4.50% 4.50% 4.75% 4.50% 5.50% 2.50% 0.25% $0.0
Over 10yr
Excluded Securities
Bonds that are not found
will not be shown
Cusip Reason
2 Report Date: 8/31/2025
TVI
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Cash -Flows - from 09/2025 to 08/2026 - Assuming None Called Type
Callable
Non -Callable
TOTAL
Par Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 JuI-26 Aug-26 7,005,000 27,076 10,250 26,354 0 19,148 52,486 27,076 10,250 105,421 0 18,598 50,173 35,023,877 31,425 52,774 802,912 230,873 960,985 123,484 1,196,339 542,800 350,817 4,535,256 1,806,448 333,328 42,028,877 58,501 63,024 829,266 230,873 980,133 175,970 1,223,415 553,050 456,238 4,535,256 1,825,046 383,501 I Interest Payments
250,000
200,000
150,000
100,000
50,000
0 Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
Mar-26
Apr-26
May-26
Jun-26
Jul-26
Aug-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 Sep-25 Oct-25
Nov-25 Dec-25
Jan-26 Feb-26
Mar-26 Apr-26
May-26 Jun-26
Jul-26 Aug-26
3 Report Date: 8/31/2025
TVI
TIME
VALUE
INVESTMENTS*
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Cash -Flows - from 09/2025 to 08/2026 - Recognizing Likelihood of CaII* Type
Callable
Non -Callable
TOTAL
Par Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 JuI1uI=26 Aug-26 7,005,000 27,076 10,250 2,074,917 0 19,148 3,923 27,076 10,250 1,105,421 0 818,598 3,923 35,023,877 31,425 52,774 802,912 230,873 960,985 123,484 1,196,339 542,800 350,817 4,535,256 1,806,448 333,328 42,028,877 58,501 63,024 2,877,829 230,873 980,133 127,407 1,223,415 553,050 1,456,238 4,535,256 2,625,046 337,251 Interest Payments
250,000
200,000
150,000
100,000
50,000
0 Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
Mar-26
Apr-26
May-26
Jun-26
Jul-26
Aug-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 Sep-25 Oct-25
Likelihood based on 08/31/2025 market rates
Nov-25 Dec-25
Jan-26 Feb-26
Mar-26 Apr-26
May-26 Jun-26
Jul-26 Aug-26
4 Report Date: 8/31/2025
TVI
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Extended Cash -Flows
# Cusip Par Value Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Year 1 Total 1 3135G06G3 750,000 0 0 751,875 0 0 0 0 0 0 0 0 0 751,875 2 43815GAC3 2,815 2 2 2 2 2,817 0 0 0 0 0 0 0 2,825
3 91282CBH3 900,000 0 0 0 0 901,688 0 0 0 0 0 0 0 901,688 4 64985TDC2 150,000 983 0 0 0 0 0 150,983 0 0 0 0 0 151,966 5 91282CBT7 1,015,000 3,806 0 0 0 0 0 1,018,806 0 0 0 0 0 1,022,612 6 91282CBW0 490,000 0 1,838 0 0 0 0 0 491,838 0 0 0 0 493,676 7 04636NAA1' 80,000 u 0 .180 0 u 0 0 0 80,480 a 0 0 80,960 8 91282CCF6 300,000 0 0 1,125 0 0 0 0 0 301,125 0 0 0 302,250 9 313081BT3 4,000,000 0 0 0 97,500 0 0 0 0 0 4,097,500 0 0 4,195,000 10 14317DAC4 1,869 1 1 1 1 1 1 1 1 1 1,870 0 0 1,879
11 345286AC2 2,655 3 3 3 3 3 3 3 3 3 2,658 0 0 2,685
12 91282CCJ8 300,000 0 0 0 1,313 0 0 0 0 0 301,313 0 0 302,626 13 544647FC9 50,000 0 0 0 0 364 0 0 0 0 0 50,364 0 50,728 14 91282CHM6 1,700,000 0 0 0 0 38,250 0 0 0 0 0 1,738,250 0 1,776,500 15 9128282A7 200,000 0 0 0 0 0 1,500 0 0 0 0 0 201,500 203,000 16 05602RAD3 10,030 27 27 27 27 27 27 27 27 27 27 27 10,057 10,354 17 02665W021' 125,000 813 0 0 0 0 0 81 .. 0 0 0 0 0 1,626 18 362554AC1 2,355 1 1 1 1 1 1 1 1 1 1 1 1 12
19 98163KAC6 1,980 1 1 1 1 1 1 1 1 1 1 1 1 12
20 448977A00 13,934 26 26 26 26 26 26 26 26 26 26 26 26 312 21 91282CDG3 575,000 0 3,234 0 0 0 0 0 3,234 0 0 0 0 6,468 22 025816CM9' 125,000 0 0 1,031 0 0 0 0 0 1,031 0 0 0 2,062 23 91282CDK4 250,000 0 0 1,563 0 0 0 0 0 1,563 0 0 0 3,126 24 24422EWA3 75,000 0 0 0 0 638 0 0 0 0 0 638 0 1,276
25 87612E8M7` 110,000 0 0 0 0 1,073 0 0 0 0 0 1,073 0 2,146 26 06406RBA4' 100,000 0 0 0 0 1,025 0 0 0 0 0 1,025 0 2,050 27 459200KM2` 135,000 0 0 0 0 0 1,485 0 0 0 0 0 1,485 2,970 28 912828V98 650,000 0 0 0 0 0 7,313 0 0 0 0 0 7,313 14,626 29 362585AC5 12,846 33 33 33 33 33 33 33 33 33 33 33 33 396 30 438516CE4' 100,000 550 0 0 0 0 0 550 0 0 0 0 0 1,100 31 3133EP4U6 1,150,000 25,156 0 0 0 0 0 25,156 0 0 0 0 0 50,312 32 14318MAD1 52,394 173 173 173 173 173 173 173 173 173 173 173 173 2,076 33 665859AW4` 90,000 0 0 1,800 0 0 0 0 0 1,800 0 0 0 3,600 34 912828X88 510,000 0 0 6,056 0 0 0 0 0 6,056 0 0 0 12,112 35 91324PE63' 60,000 0 0 1,110 0 0 0 0 0 1,110 0 0 0 2,220 36 254683C52 125,000 346 346 346 346 346 346 346 346 346 346 346 346 4,152 37 458140875` 130,000 0 0 0 0 0 2,438 0 0 0 0 0 2,438 4,876 38 9128282R0 4,300,000 0 0 0 0 0 48,375 0 0 0 0 0 48,375 96,750 39 91282CAH4 175,000 0 0 0 0 0 438 0 0 0 0 0 438 876
40 931142EX7' 150,000 2,963 0 0 0 0 0 2,963 0 0 0 0 0 5,926 41 892367K13' 1,000,000 22,750 0 0 0 0 0 22,750 0 0 0 0 0 45,500 42 91282CGH8 900,000 0 0 0 0 15,750 0 0 0 0 0 15,750 0 31,500 43 91282C0P0 2,000,000 0 0 0 0 0 40,000 0 0 0 0 0 40,000 80,000 44 61690DRP5 244,000 0 0 5,843 0 0 0 0 0 5,747 0 0 0 11,590 5 Report Date: 8/31/2025
TVI
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Extended Cash -Flows
tJ cU51p Par Value Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Year 1 Total 45 3130AWC24 300,000 0 0 0 6,000 0 0 0 0 0 6,000 0 0 12,000 46 05612LFD9 244,000 0 0 0 5,009 0 0 0 0 0 4,927 0 0 9,936 47 856288BU8 244,000 0 0 0 5,260 0 0 0 0 0 5,232 0 0 10,492 48 919853QU8 244,000 0 0 0 5,077 0 0 0 0 0 5,049 0 0 10,126 49 61776NTK9 244,000 0 0 0 5,199 0 0 0 0 0 5,171 0 0 10,370 50 91282CHK0 500,000 0 0 0 10,000 0 0 0 0 0 10,000 0 0 20,000 51 20825WEB2 249,000 867 839 867 839 867 867 783 867 839 867 839 867 10,208 52 38150V4B2 245,000 0 0 0 0 0 4,755 0 0 0 0 0 4,677 9,432 53 005594BW5 245,000 0 0 0 0 0 4,781 0 0 0 0 0 4,677 9,458 54 3133EPA47 1,000,000 0 0 24,375 0 0 0 0 0 24,375 0 0 0 48,750 55 3130AFFX0 300,000 0 0 4,875 0 0 0 0 0 4,875 0 0 0 9,750 56 91282CKP5 2,000,000 0 46,250 0 0 0 0 0 46,250 0 0 0 0 92,500 57 073718W0 244,000 0 0 5,720 0 0 0 0 0 5,626 0 0 0 11,346 58 91282CEV9 4,000,000 0 0 0 65,000 0 0 0 0 0 65,000 0 0 130,000 59 91282CF15 950,000 0 0 0 0 0 14,844 0 0 0 0 0 14,844 29,688 60 91282CGB1 1,500,000 0 0 0 29,063 0 0 0 0 0 29,063 0 0 58,126 61 76116FAB3 1,000,000 0 0 0 0 0 0 0 0 0 0 0 0 0
62 92826CAM4' 1,000,000 0 10,250 0 0 0 0 0 10,250 0 0 0 0 20,500 63 76116FAC1 605,000 0 0 0 0 0 0 0 0 0 0 0 0 0
64 3134H80W4" 1,000,0(0 0 0 21,933 ! 0 o > 0 .., 0., _ 0 0 -,042.9s< 65 0136GAKW8" 800,000 0 0 0 P 007, 0 0 0 016500 0 003550 66 31424W920'' 2,000.000 0 0 2,048,563 .. D u 0 0 0 u 043 56' (TOTAL 42,028,877 58,501 63,024 2,877,829 230,873 980,133 127,407 1,223,415 553,050 1,456,238 4,535,256 2,625,046 337,251 15,068,023 • Callable - currently not likely to be called See Cash -Flows graph above "Recognizing Likelihood of Call" for current projected cash -flows " Callable - currently likely to be called
6 Report Date: 8/31/2025
TVI
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Maturity Distribution
25%
20%
15%
10%
5%
0%
1.8%
2.1%
0 - 3mo
3 - 6mo
19.7%
6 - 12mo
21.1%
1 - 2yr
16.2%
2 - 3yr
17.9%
3 -4yr
21.1%
4 - 5yr
0.0%
0.0%
0.0%
5 - 7yr
7 - l0yr
Over l0yr
Portfolio Details - Sorted by Maturity
iY CUSIP/Sec-ID Sec Desc 1
0 Total Liquid Balances
1 3135G06G3 FEDL NATL MTG ASSN SER BENCHM
2 43815GAC3 HONDA AUTO REC OWNR SER 2021-4
3 91282CBH3 T
4 64985TDC2 NEW YORK ST URBAN DEV CORP S
5 91282CBT7 T
6 91282CBW0 T
7 04636NAA1 ASTRAZENECA FINANCE LLC NOTE
8 91282CCF6 T
9 3130B1BT3 FEDERAL HOME LOAN BANKS BOND
10 14317DAC4 CARMAX AUTO OWN TR SER 2021-3
11 345286AC2 FORD CR AUTO OWN TR SER 2022-A
12 91282CCJ8 TREAS SER AA-202
13 544647FC9 LOS ANGELES CALIF UNI SCH DI
14 91282CHM6 TREAS SER AQ-202
15 9128282A7 T
16 05602RAD3 BMW VEHICLE OWNER TRSER 2022-A
17 02665WDZ1 AMERICAN HONDA FIN CORP SER
18 362554AC1 GM FIN CONS AUTO RECSER 2021-4
19 98163KAC6 WORLD OMNI AUTO REC SER 2021-D
20 448977AD0 HYUNDAI AUTO REC TR SER 2022-A
21 91282CDG3 T
22 025816CM9 AMERICAN EXPRESS CO NOTE
23 91282CDK4 TREAS NTS
24 24422EWA3 JOHN DEERE CAPITAL CORPORATIO
25 87612EBM7 TARGET CORP NOTE CALL
26 06406RBA4 BANK NEW YORK MELLONCORP SER.)
27 459200KM2 INTERNATIONAL BUSINESS M
28 912828V98 T
29 362585AC5 GM FIN CONS AUT REC SER 2022-2
30 438516CE4 HONEYWELL INTL INC NOTE CALL
Weight Par Value Couaon • Settle Dt Mat Dt N all Dt Ra n ••• YTM •• YTW •• Duration
27.4% 15,890,773
1.3% 750,000 0.500 8/1/2024 11/7/2025 AA+ 4.63 4.63 0.18
0.0% 2,815 0.880 2/28/2023 1/21/2026 AAA 0.89 0.89 0.39
1.6% 900,000 0.375 2/28/2023 1/31/2026 AAA 0.85 0.85 0.41
0.3% 150,000 1.310 2/28/2023 3/15/2026 NR 1.31 1.31 0.53
1.8% 1,015,000 0.750 2/28/2023 3/31/2026 AAA 1.07 1.07 0.57
0.8% 490,000 0.750 2/28/2023 4/30/2026 AAA 0.58 0.58 0.65
0.1% 80,000 1.200 2/28/2023 5/28/2026 4/28/2026 A+ 1.17 1.17 0.73 Anytime
0.5% 300,000 0.750 2/28/2023 5/31/2026 AAA 0.82 0.82 0.73
6.9% 4,000,000 4.875 5/17/2024 6/12/2026 AA+ 4.76 4.76 0.75
0.0% 1,869 0.550 2/28/2023 6/15/2026 NR 0.56 0.56 0.79
0.0% 2,655 1.290 2/28/2023 6/15/2026 NR 1.29 1.29 0.78
0.5% 300,000 0.875 2/28/2023 6/30/2026 AAA 3.11 3.11 0.81
0.1% 50,000 1.455 2/28/2023 7/1/2026 NR 1.46 1.46 0.81
2.9% 1,700,000 4.500 7/9/2024 7/15/2026 AAA 4.56 4.56 0.84
0.3% 200,000 1.500 2/28/2023 8/15/2026 AAA 3.37 3.37 0.93
0.0% 10,030 3.210 2/28/2023 8/25/2026 AAA 3.21 3.21 0.96
0.2% 125,000 1.300 2/28/2023 9/9/2026 9/5/2025 A- 1.72 1.72 1.01 Anytime
0.0% 2,355 0.680 2/28/2023 9/16/2026 NR 0.68 0.68 1.04
0.0% 1,980 0.810 2/28/2023 10/15/2026 NR 0.81 0.81 1.11
0.0% 13,934 2.220 2/28/2023 10/15/2026 NR 2.22 2.22 1.10
1.0% 575,000 1.125 2/28/2023 10/31/2026 AAA 2.43 2.43 1.14
0.2% 125,000 1.650 2/28/2023 11/4/2026 10/4/2026 A- 1.85 1.85 1.15 Anytime
0.4% 250,000 1.250 2/28/2023 11/30/2026 AAA 1.17 1.17 1.22
0.1% 75,000 1.700 2/28/2023 1/11/2027 A 1.85 1.85 1.34
0.2% 110,000 1.950 2/28/2023 1/15/2027 12/15/2026 A 1.91 1.91 1.34 Anytime
0.2% 100,000 2.050 2/28/2023 1/26/2027 12/24/2026 A 2.02 2.02 1.37 Anytime
0.2% 135,000 2.200 2/28/2023 2/9/2027 1/9/2027 A- 2.53 2.53 1.41 Anytime
1.1% 650,000 2.250 2/28/2023 2/15/2027 AAA 2.95 2.95 1.41
0.0% 12,846 3.100 2/28/2023 2/16/2027 AAA 3.11 3.11 1.42
0.2% 100,000 1.100 2/28/2023 3/1/2027 2/1/2027 A 2.33 2.33 1.48 Anytime Estimated Estimated
Call Tvoe B s to all Redem. Date
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
2/16/2027
3/1/2027
7 Report Date: 8/31/2025
TVI
TIME
VALUE
INVESTMENTS
Yucaipa
Portfolio Details - Sorted by Maturity
31 3133EP4U6
32 14318MAD1
33 665859AW4
34 912828X88
35 91324PEG3
36 254683CS2
37 458140BY5
38 9128282R0
39 91282CAH4
40 931142EX7
41 89236TKJ3
42 91282CGH8
43 91282CGP0
44 61690DRP5
45 3130AWC24
46 05612LFD9
47 856288BU8
48 919853QU8
49 61776NTK9
50 91282CHK0
51 20825WEB2
52 38150V4B2
53 005594BW5
54 3133EPA47
55 3130AFFX0
56 91282CKP5
57 07371BVV0
58 91282CEV9
59 91282CFJ5
60 91282CGB1
61 76116FAB3
62 92826CAM4
63 76116FAC1
64 3134HBQW4
65 3136GAKW8
66 31424WR20
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
TOYOTA MTR CR CORP MTN CALL M
TREAS SER U-2028
T
MORGAN STANLEY BK N A CD
FEDERAL HOME LOAN BANKS
BMW BK NORTH AMER SALT LAKE
STATE BK INDIA NEW YORK NY CD
VALLEY NATL BK PASSAIC N
MORGAN STANLEY PRIVATE BK
TREAS SER AA-202
CONNEXUS CREDIT UNION WAUSAU
GOLDMAN SACHS BK USACD
ADAMS CMNTY BK ADAMSMASS CD
FFCB
FEDERAL HOME LOAN BANK 4973
TREAS SER Y-2029
MONET BK PLANO TEX CD
TREAS SER M-2029
TREAS SER P-2029
TREAS SER T-2029
RFCSP
VISA INC NOTE CALL
RFCSP
FHLMC
FEDERAL NATL MTG ASSN NOTE
FAMCA
2.0% 1,150,000 4.375 6/12/2025 3/8/2027
0.1% 52,394 3.970 2/28/2023 4/15/2027
0.2% 90,000 4.000 2/28/2023 5/10/2027
0.9% 510,000 2.375 2/28/2023 5/15/2027
0.1% 60,000 3.700 2/28/2023 5/15/2027
0.2% 125,000 3.320 2/28/2023 5/17/2027
0.2% 130,000 3.750 2/28/2023 8/5/2027
7.4% 4,300,000 2.250 7/9/2024 8/15/2027
0.3% 175,000 0.500 2/28/2023 8/31/2027
0.3% 150,000 3.950 2/28/2023 9/9/2027
1.7% 1,000,000 4.550 7/29/2025 9/20/2027
1.6% 900,000 3.500 1/18/2024 1/31/2028
3.5% 2,000,000 4.000 1/30/2024 2/29/2028
0.4% 244,000 4.750 5/30/2024 5/30/2028
0.5% 300,000 4.000 2/13/2024 6/9/2028
0.4% 244,000 4.050 6/13/2025 6/13/2028
0.4% 244,000 4.300 6/16/2025 6/16/2028
0.4% 244,000 4.150 6/17/2025 6/20/2028
0.4% 244,000 4.250 6/18/2025 6/20/2028
0.9% 500,000 4.000 3/13/2024 6/30/2028
0.4% 249,000 4.100 8/6/2025 8/7/2028
0.4% 245,000 3.850 8/5/2025 8/7/2028
0.4% 245,000 3.850 8/8/2025 8/8/2028
1.7% 1,000,000 4.875 6/12/2025 11/1/2028
0.5% 300,000 3.250 2/13/2024 11/16/2028
3.5% 2,000,000 4.625 5/15/2025 4/30/2029
0.4% 244,000 4.650 6/5/2024 5/30/2029
6.9% 4,000,000 3.250 10/25/2024 6/30/2029
1.6% 950,000 3.125 11/21/2024 8/31/2029
2.6% 1,500,000 3.875 2/5/2025 12/31/2029
1.7% 1,000,000 0.000 5/15/2025 1/15/2030
1.7% 1,000,000 2.050 4/30/2025 4/15/2030
1.0% 605,000 0.000 7/29/2025 4/15/2030
1.7% 1,000,000 4.200 5/15/2025 5/20/2030
1.4% 800,000 4.125 7/29/2025 7/29/2030
3.5% 2,000,000 4.625 8/25/2025 8/21/2030
AA+ 3.85 3.85 1.43
AAA 3.97 3.97 1.56
4/10/2027 A 3.75 3.74 1.60
AA+ 3.46 3.46 1.64
4/15/2027 A 3.56 3.56 1.62
NR 3.32 3.32 1.65
7/5/2027 BBB 3.72 3.72 1.84
AAA 4.41 4.41 1.89
AAA 3.93 3.93 1.96
8/9/2027 AA 3.91 3.91 1.89
9/5/2025 A+ 4.06 (5.20) 1.90
AA+ 4.04 4.04 2.29
AAA 4.14 4.14 2.36
N R 4.75 4.75 2.53
AA+ 4.18 4.18 2.58
N R 4.05 4.05 2.59
N R 4.30 4.30 2.59
N R 4.15 4.15 2.61
NR 4.25 4.25 2.60
AAA 4.17 4.17 2.64
N R 4.10 4.10 2.75
N R 3.85 3.85 2.74
NR 3.85 3.85 2.75
AA+ 3.88 3.88 2.88
AA+ 4.08 4.08 2.99
AA+ 3.98 3.98 3.31
N R 4.65 4.65 3.38
AAA 3.98 3.98 3.55
AAA 4.23 4.23 3.72
AA+ 4.30 4.30 3.93
AA+ 4.25 4.25 4.29
1/15/2030 AA- 4.12 4.12 4.36
AA+ 4.10 4.10 4.53
5/20/2026 AA+ 4.30 4.30 0.69
7/29/2026 AA+ 4.21 4.21 0.88
11/21/2025 AA+ 4.63 4.63 0.22
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
Anytime 9/9/2027
Anytime 9/20/2027
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
8/7/2028
8/7/2028
8/8/2028
11/1/2028
11/16/2028
4/30/2029
5/30/2029
6/30/2029
8/31/2029
12/31/2029
1/15/2030
Anytime 4/15/2030
4/15/2030
Annually 26 5/20/2026
Quarterly 18 7/29/2026
Quarterly 50 11/21/2025
Anytime
Anytime
Anytime
TOTAL and AVERAGES
100.0% 57,919,650 2.57 yrs 2.11 yrs 3.90 3.68 2.04
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: 8/31/2025