CITY OF
AGENDA REPORT
DATE: November 10, 2025
TO: Honorable Mayor and City Council
FROM: Jennifer Crawford, Interim City M ager/TreasurekP Phil White, Director of Finance
SUBJECT: Monthly Treasurer's Report September 2025
Item No. 10
RECOMMENDATION:
That the City Council receive and file the Monthly Treasurer's Report for September 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 4.212% in September.
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 — September
2. Treasurer Managed Portfolio Summary — September
3. LAIF Quarterly Interest Statement — September
4. Wells Fargo Operating Account — September
5. Investments with Fiscal Agent Summary — September
6. Portfolio Holdings - September
ATTACHMENT 1
City of Yucaipa
Treasurer's Report - September 30, 2025
Attachment 1
Institution/Investment Type
August 2025
Balance
September 2025
Balance
Funds Under Control of the City:
U.S. Bank Investment Account - Managed by Treasurer
Cash and Equivalents
$ 175,712.58
$ 297,494.42
U.S. Government Issues
35,732,871.55
35,745,792.80
Corporate Issues
5,447,414.94
5,454,147.73
Municipal Issues
196,859.00
197,313.00
$ 41,552,858.07
$ 41,694,747.95
Local Agency Investment Fund (LAIF)
$ 11,150,883.99
$ 11,150,883.99
City Checking Account (Wells Fargo)
$ 4,565,175.61
$ 2,587,526.08
Petty Cash / Change Drawers
$ 2,750.00
$ 2,750.00
Total Funds Under Control of the City
$ 57,271,667.67
$ 55,435,908.02
Funds with Fiscal Agents:
Bank of New York Mellon
CFD 98-1 - Municipal Bond Insurance Policy
$ 1.00
$ 1.00
CFD 98-1- Cash
$ 1,768,438.11
$ 281,932.11
U.S. Bank
RDA 1998 TAB - Blackrock Instl Funds
$ 39,857.70
$ 186.26
RDA 1998 TAB - LAIF
$ 49,093.64
$ 49,093.64
RDA 2004 TAB - Blackrock Instl Funds
$ 509,405.77
$ 150,536.64
RDA 2010 TAB - Blackrock Instl Funds
$ 372,837.83
$ 374,157.28
Total Funds with Fiscal Agents
$ 2,739,634.05
$ 855,906.93
Grand Total
$ 60,011,301.72
$ 56,291,814.95
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
00213101
65- -01-B -82-277-01
0101-11-04304-01
mbank
CITY OF YUCAIPA - TREASURER MANAGED Page 5 of 29
ACCOUNT Period from September 1, 2025 to September30, 2025
ASSET SUMMARY
09/30/2025 % OF
ASSETS MARKET VALUE MARKET
Cash And Equivalents 297,494.42 0.71
U.S. Government Issues 35,745,792.80 85.10
Corporate Issues 5,454,147.73 12.98
Municipal Issues 197,313.00 0.47
Total Assets 41 694 747.95 99.26
Accrued Income 309,975.97 0.74
Grand Total 42,004,723.92 100.00
BONDS 98.55%
j
CASH EOuIV & ACCR 1.45%
ATTACHMENT 3
10/14/25, 5:07 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:
September 2025 Statement
Account Summary
Total Deposit:
Total Withdrawal:
October 14, 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: • September 1, 2025 - September 30, 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
$4,565,175.61 $1,792,471.30
Total debits
-$3,770,120.83
Ending balance
$2,587,526.08
Credits
Deposits
Effective Posted
date date
Amount Transaction detail
09/09
09/09
09/09
09/09
09/ 1 1
09/15
09/23
09/29
100.00
600.00
2,320.00
7,200.00
580.00
6,960.00
970.00
100.00
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
518,830.00
Electronic deposits/bank credits
Effective Posted
date date
Amount
Total deposits
Transaction detail
09/02
09/02
09/02
09/03
09/03
09/03
09/03
09/04
09/04
09/04
09/04
09/04
62010 Wells Fargo Bank, N.A.
All rights reserved Member FDIC.
156.18
227.00
2,906.41
1,019.00
133,003.11
275,764.98
307.84
249.73
343.00
414.00
682.00
3,139.00
Desktop Check Deposit
Paymentech Transfer 250902 TyIer0005037697 Eg Css CA Yucaipa Comm ZBA Funding Account Transfer From 4241875095
Paymentech Transfer 250903 TyIer0005037697 Eg Css CA Yucaipa Comm Apport St of CA Apsapports 082825 1927 Yucaipa City Treasurer Desktop Check Deposit
ZBA Funding Account Transfer From 4241875095
Stripe Transfer St-16W6T6U8T7Q6 City of Yucaipa
American Express Settlement 250903 5647699172 Comm Devt 5647699172 Paymentech Transfer 250904 TyIer0005037697 Eg Css CA Yucaipa Comm Paymentech Transfer 250904 TyIer0005037697 Eg Css CA Yucaipa Comm Paymentech Transfer 250904 TyIer0005037697 Eg Css CA Yucaipa Comm (114)
SheetSeq - 0041281
Sheet 00001 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 - Municipal Bond Insurance Policy
703170 Admin Exp Acct - Cash
9/30/2025
$ 199,970.44
$ 1.00
$ 81,961.67
$ 281,933.11
U.S. Bank
RDA 1998 TAB
6711616700 Project Acct - Blackrock Instl Funds $ 0.24
6711616701 Interest Acct - Blackrock Instl Funds $ 122.11 6711616702 Principal Acct - Blackrock Instl Funds $ 0.24 6711616703 Sinking Acct - Blackrock Instl Funds $ 63.60 6711616704 Reserve Acct - Blackrock Instl Funds $ 0.07
$ 186.26
6711616704 Reserve Acct - LAIF $ 49,093.64
$ 49,279.90
RDA 2004 TAB
6711740700 Project Acct - Blackrock Instl Funds $ 0.12
6711740701 Interest Acct - Blackrock Instl Funds $ 1,754.83 6711740702 Principal Acct - Blackrock Instl Funds $ 169.40 6711740703 Reserve Acct - Blackrock Instl Funds $ 148,612.29 $ 150,536.64
RDA 2010 TAB
6711740705 Reserve Acct - Blackrock Instl Funds $ 374,157.28
ATTACHMENT 6
TVI
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Portfolio Summary
Wgtd Avg YTM •
Wgtd Avg YTM with Liq. BaI.•
Wgtd Avg YTW ••
Wgtd Avg Mat (no call)
Wgtd Avg Mat with Liq. Bal.
Wgtd Avg Mat (all called)
Market Value 9/30/2025
3.90%
3.78%
3.81%
2.48 yrs
1.86 yrs
2.03 yrs
41,397,254
Par Value
Liquid Balances
Total Par with Liquid Bal.
Current MV with Liquid Bal.
Purchase Yield to Maturity
42,028,877
14,035,904
56,064,781
55,433,158
Yucaipa
Portfolio Composition (incl. Liquid Balances)
Portfolio Ratings (Worst***)
Sector Par Value YTM • Weight
Agencies 12,905,000 4.41% 23.0%
Treasuries 23,215,000 3.67% 41.4%
Certificates of Deposit 2,203,000 4.22% 3.9%
Municipal Bonds 200,000 1.35% 0.4%
Corporate Bonds 3,505,877 3.48% 6.3%
Mortgages
Commercial Paper
Supra Nationals
Total 42,028,877 3.90% 75.0%
Account Name Balance Rate Weight
LAIF 11,150,884 4.21% 19.9%
Wells Fargo 2,587,526 0.00% 4.6%
US Bank Money Market 297,494 4.01% 0.5%
Total Liquid Balances
" Purchase Yield to Worst
14,035,904 3.43%
25.0%
0.4% 3.9%
• Agencies
Certificates of Deposit
• Corporate Bonds
• Treasuries
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
512.MM
$10.MM -
$8.MM -
$6.MM -
$4.MM -
$2.MM -
50 52 1MM
5.8MM
57.3MM
59.9MM
$5.7MM
$8.5MM
$7.9MM
50.0 50.0
50.0 0 - 3mo
3 - 6mo
6 - 12mo
1 - 2yr
2 - 3yr
3 - 4yr
4 - Syr
5 - 7yr
7 - 10yr
Performance versus Benchmark as of 9/30/2025
As of As of
1Yr Average 9/30/2025 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% 3.90% 3.79% n/a n/a n/a n/a n/a n/a
3.95% 3.46% 3.59% 3.72% 3.89% 4.24% 4.25% 3.66% 4.22% 0.13%
4.58% 4.25% 4.50% 4.50% 4.50% 4.50% 4.50% 5.00% 3.25% 0.25% Over 10yr
Excluded Securities
Bonds that are not found
will not be shown
Cusip Reason
2 Report Date: 9/30/2025
TVI
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Cash -Flows - from 10/2025 to 09/2026 - Assuming None Called TyIlipe
Callable
Non -Callable
TOTAL
Par Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul Jul 26 Aug-26 Sep-26 7,005,000 10,250 26,354 0 19,148 52,486 27,076 10,250 105,421 0 18,598 50,173 152,076 35,023,877 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 28,958 42,028,877 63,024 829,266 230,873 980,133 175,970 1,223,415 553,050 456,238 4,535,256 1,825,046 383,501 181,034 Interest Payments
250,000
200,000
150,000
100,000
50,000
0 Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
Mar-26
Apr-26
May-26
Jun-26
Jul-26
Aug-26
Sep-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 Oct-25 Nov-25
Dec-25 Jan-26
Feb-26 Mar-26
Apr-26 May-26
Jun-26 Jul-26
Aug-26 Sep-26
3 Report Date: 9/30/2025
TVI
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Cash -Flows - from 10/2025 to 09/2026 - Recognizing Likelihood of Call* Tvce
Callable
Non -Callable
TOTAL
Par Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 Mav-26 Jun-26 Jul-26 Aug-26 sep-26 7,005,000 10,250 2,074,917 0 19,148 3,923 27,076 10,250 1,105,421 0 818,598 3,923 152,076 35,023,877 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 28,958 42,028,877 63,024 2,877,829 230,873 980,133 127,407 1,223,415 553,050 1,456,238 4,535,256 2,625,046 337,251 181,034 Interest Payments
250,000
200,000
150,000
100,000
50,000
0 Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
Mar-26
Apr-26
May-26
Jun-26
Jul-26
Aug-26
Sep-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 Oct-25 Nov-25
* Likelihood based on 09/30/2025 market rates
Dec-25 Jan-26
Feb-26 Mar-26
Apr-26 May-26
Jun-26 Jul-26
Aug-26 Sep-26
4 Report Date: 9/30/2025
TVI
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Extended Cash -Flows
8 CUSID Par Value Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Year 1 Total 1 3135G06G3 750,000 0 751,875 0 0 0 0 0 0 0 0 0 0 751,875 2 43815GAC3 2,815 2 2 2 2,817 0 0 0 0 0 0 0 0 2,823
3 91282C8H3 900,000 0 0 0 901,688 0 0 0 0 0 0 0 0 901,688 4 64985TDC2 150,000 0 0 0 0 0 150,983 0 0 0 0 0 0 150,983 5 91282CBT7 1,015,000 0 0 0 0 0 1,018,806 0 0 0 0 0 0 1,018,806 6 91282C8W0 490,000 1,838 0 0 0 0 0 491,838 0 0 0 0 0 493,676 7 04636NAA1' 80,000 0 d80 0 0 0 U 0 80,480 0 u u 0 80,960 8 91282CCF6 300,000 0 1,125 0 0 0 0 0 301,125 0 0 0 0 302,250 9 3130B1BT3 4,000,000 0 0 97,500 0 0 0 0 0 4,097,500 0 0 0 4,195,000 10 345286AC2 2,655 3 3 3 3 3 3 3 3 2,658 0 0 0 2,682
11 14317DAC4 1,869 1 1 1 1 1 1 1 1 1,870 0 0 0 1,878
12 91282CCJ8 300,000 0 0 1,313 0 0 0 0 0 301,313 0 0 0 302,626 13 544647FC9 50,000 0 0 0 364 0 0 0 0 0 50,364 0 0 50,728 14 91282CHM6 1,700,000 0 0 0 38,250 0 0 0 0 0 1,738,250 0 0 1,776,500 15 9128282A7 200,000 0 0 0 0 1,500 0 0 0 0 0 201,500 0 203,000 16 05602RAD3 10,030 27 27 27 27 27 27 27 27 27 27 10,057 0 10,327 17 02665W0Z1' 125,000 0 0 0 0 0 813 0 0 0 0 0 125,813 126,626 18 362554AC1 2,355 1 1 1 1 1 1 1 1 1 1 1 2,356 2,367
19 448977AD0 13,934 26 26 26 26 26 26 26 26 26 26 26 26 312 20 98163KAC6 1,980 1 1 1 1 1 1 1 1 1 1 1 1 12
21 91282CDG3 575,000 3,234 0 0 0 0 0 3,234 0 0 0 0 0 6,468 22 025816CM9• 125,000 0 1,031 0 0 0 0 0 1,031 0 0 0 0 2,062 23 91282CDK4 250,000 0 1,563 0 0 0 0 0 1,563 0 0 0 0 3,126 24 24422EWA3 75,000 0 0 0 638 0 0 0 0 0 638 0 0 1,276
25 87612E8M7' 110,000 0 0 0 1,073 0 0 0 0 0 1,073 0 0 2,146 26 06406RBA4• 100,000 0 0 0 1,025 0 0 0 0 0 1,025 0 0 2,050 27 459200KM2' 135,000 0 0 0 0 1,485 0 0 0 0 0 1,485 0 2,970 28 912828V98 650,000 0 0 0 0 7,313 0 0 0 0 0 7,313 0 14,626 29 362585AC5 12,846 33 33 33 33 33 33 33 33 33 33 33 33 396 30 438516CE4' 100,000 0 0 0 0 0 550 0 0 0 0 0 550 1,100 31 3133EP4U6 1,150,000 0 0 0 0 0 25,156 0 0 0 0 0 25,156 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 1,800 0 0 0 0 0 1,800 0 0 0 0 3,600 34 91324PEG3' 60,000 0 1,110 0 0 0 0 0 1,110 0 0 0 0 2,220 35 912828X88 510,000 0 6,056 0 0 0 0 0 6,056 0 0 0 0 12,112 36 254683CS2 125,000 346 346 346 346 346 346 346 346 346 346 346 346 4,152 37 4581408Y5' 130,000 0 0 0 0 2,438 0 0 0 0 0 2,438 0 4,876 38 9128282R0 4,300,000 0 0 0 0 48,375 0 0 0 0 0 48,375 0 96,750 39 91282CAH4 175,000 0 0 0 0 438 0 0 0 0 0 438 0 876
40 931142EX7" 150,000 0 0 0 0 0 2,963 0 0 0 0 0 2,963 5,926 41 89236TK33` 1,000,000 0 0 0 0 0 22,750 0 0 0 0 0 22,750 45,500 42 91282CGH8 900,000 0 0 0 15,750 0 0 0 0 0 15,750 0 0 31,500 43 91282CGP0 2,000,000 0 0 0 0 40,000 0 0 0 0 0 40,000 0 80,000 44 61690DRP5 244,000 0 5,843 0 0 0 0 0 5,747 0 0 0 0 11,590 5 Report Date: 9/30/2025
TVI
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Extended Cash -Flows
8 Cuslp Par Value Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 JulJul=26 Aug-26 Sep-26 Year 1 Total 45 3130AWC24 300,000 0 0 6,000 0 0 0 0 0 6,000 0 0 0 12,000 46 05612LFD9 244,000 0 0 5,009 0 0 0 0 0 4,927 0 0 0 9,936 47 856288BU8 244,000 0 0 5,260 0 0 0 0 0 5,232 0 0 0 10,492 48 61776NTK9 244,000 0 0 5,199 0 0 0 0 0 5,171 0 0 0 10,370 49 919853QU8 244,000 0 0 5,077 0 0 0 0 0 5,049 0 0 0 10,126 50 91282CHK0 500,000 0 0 10,000 0 0 0 0 0 10,000 0 0 0 20,000 51 38150V4B2 245,000 0 0 0 0 4,755 0 0 0 0 0 4,677 0 9,432 52 20825WEB2 249,000 839 867 839 867 867 783 867 839 867 839 867 867 10,208 53 005594BW5 245,000 0 0 0 0 4,781 0 0 0 0 0 4,677 0 9,458 54 3133EPA47 1,000,000 0 24,375 0 0 0 0 0 24,375 0 0 0 0 48,750 55 3130AFFX0 300,000 0 4,875 0 0 0 0 0 4,875 0 0 0 0 9,750 56 91282CKP5 2,000,000 46,250 0 0 0 0 0 46,250 0 0 0 0 0 92,500 57 07371BW0 244,000 0 5,720 0 0 0 0 0 5,626 0 0 0 0 11,346 58 91282CEV9 4,000,000 0 0 65,000 0 0 0 0 0 65,000 0 0 0 130,000 59 91282CF15 950,000 0 0 0 0 14,844 0 0 0 0 0 14,844 0 29,688 60 91282CGB1 1,500,000 0 0 29,063 0 0 0 0 0 29,063 0 0 0 58,126 61 76116FAB3 1,000,000 0 0 0 0 0 0 0 0 0 0 0 0 0
62 76116FAC1 605,000 0 0 0 0 0 0 0 0 0 0 0 0 0
63 92826CAM4• 1,000,000 10,250 0 0 0 0 0 10,250 0 0 0 0 0 20,500 64 3134HBQW4•• 1,000,000 0 21,933 o 0 0 u L,��. l.0ou 0 0 o ' 0.12 <+ 65 31360AKW8•• 800,000 0 0 0 17,050 0 0 0 :, ie. 500 0 66 31424W R20• • 2,000,000 0 2,048,563 0 0 0 0 0 0 0 - (707AL 42,028,877 63,024 2,877,829 230,873 980,133 127,407 1,223,415 553,050 1,456,238 4,535,256 2,625,046 337,251 181,034 15,190,556 • Callable - currently not likely to be called See Cosh -Flows graph above "Recognizing Likelihood of Call" for current projected cash flows • • Callable - currently likely to be called
6 Report Date: 9/30/2025
TVI
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Maturity Distribution
25%
20%
15%
10%
5%
0%
1.8%
0 -3mo
4.9%
3 - 6mo
17.3%
6 - 12mo
23.5%
1 - 2yr
13.5%
2-3yr
20.2%
3 - 4yr
18.8%
4-Syr
0.0%
0.0%
0.0%
5 - 7yr
7 - l0yr
Over 10yr
Portfolio Details - Sorted by Maturity
8 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 345286AC2 FORD CR AUTO OWN TR SER 2022-A
11 14317DAC4 CARMAX AUTO OWN TR SER 2021-3
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 448977AD0 HYUNDAI AUTO REC TR SER 2022-A
20 98163KAC6 WORLD OMNI AUTO REC SER 2021-D
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 J
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
Wei t Par Value COUDOn • S tte le Dt Mat Dt Nzt Call Dt Ratine •• YTM • • YTW •• Duration
25.0% 14,035,904
1.3% 750,000 0.500 8/1/2024 11/7/2025 AA+ 4.63 4.63 0.10
0.0% 2,815 0.880 2/28/2023 1/21/2026 AAA 0.89 0.89 0.31
1.6% 900,000 0.375 2/28/2023 1/31/2026 AAA 0.85 0.85 0.33
0.3% 150,000 1.310 2/28/2023 3/15/2026 NR 1.31 1.31 0.45
1.8% 1,015,000 0.750 2/28/2023 3/31/2026 AAA 1.07 1.07 0.49
0.9% 490,000 0.750 2/28/2023 4/30/2026 AAA 0.58 0.58 0.57
0.1% 80,000 1.200 2/28/2023 5/28/2026 4/28/2026 A+ 1.17 1.17 0.65 Anytime
0.5% 300,000 0.750 2/28/2023 5/31/2026 AAA 0.82 0.82 0.65
7.1% 4,000,000 4.875 5/17/2024 6/12/2026 AA+ 4.76 4.76 0.67
0.0% 2,655 1.290 2/28/2023 6/15/2026 NR 1.29 1.29 0.70
0.0% 1,869 0.550 2/28/2023 6/15/2026 NR 0.56 0.56 0.71
0.5% 300,000 0.875 2/28/2023 6/30/2026 AAA 3.11 3.11 0.73
0.1% 50,000 1.455 2/28/2023 7/1/2026 NR 1.46 1.46 0.73
3.0% 1,700,000 4.500 7/9/2024 7/15/2026 AAA 4.56 4.56 0.77
0.4% 200,000 1.500 2/28/2023 8/15/2026 AAA 3.37 3.37 0.86
0.0% 10,030 3.210 2/28/2023 8/25/2026 AAA 3.21 3.21 0.88
0.2% 125,000 1.300 2/28/2023 9/9/2026 10/20/2025 A- 1.72 1.72 0.93 Anytime
0.0% 2,355 0.680 2/28/2023 9/16/2026 NR 0.68 0.68 0.96
0.0% 13,934 2.220 2/28/2023 10/15/2026 NR 2.22 2.22 1.02
0.0% 1,980 0.810 2/28/2023 10/15/2026 NR 0.81 0.81 1.03
1.0% 575,000 1.125 2/28/2023 10/31/2026 AAA 2.43 2.43 1.06
0.2% 125,000 1.650 2/28/2023 11/4/2026 10/4/2026 A- 1.85 1.85 1.07 Anytime
0.4% 250,000 1.250 2/28/2023 11/30/2026 AAA 1.17 1.17 1.14
0.1% 75,000 1.700 2/28/2023 1/11/2027 A 1.85 1.85 1.26
0.2% 110,000 1.950 2/28/2023 1/15/2027 12/15/2026 A 1.91 1.91 1.26 Anytime
0.2% 100,000 2.050 2/28/2023 1/26/2027 12/24/2026 A 2.02 2.02 1.29 Anytime
0.2% 135,000 2.200 2/28/2023 2/9/2027 1/9/2027 A- 2.53 2.53 1.33 Anytime
1.2% 650,000 2.250 2/28/2023 2/15/2027 AAA 2.95 2.95 1.33
0.0% 12,846 3.100 2/28/2023 2/16/2027 AAA 3.11 3.11 1.34
0.2% 100,000 1.100 2/28/2023 3/1/2027 2/1/2027 A 2.33 2.33 1.40 Anytime Estimated Estimated
Call Tyne Bos to Call 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: 9/30/2025
TVI
TIME
VALUF.
INVESTMENTS
Yucaipa
Portfolio Details - Sorted by Maturity
31 3133EP4U6
32 14318MAD1
33 665859AW4
34 91324PEG3
35 912828%88
36 254683CS2
37 458140BY5
38 9128282R0
39 91282CAH4
40 931142EX7
41 89236TKJ3
42 91282CGH8
43 91282CGP0
44 61690DRP5
45 3130AWC24
46 05612LF09
47 8562888U8
48 61776NTK9
49 919853QU8
50 91282CHK0
51 38150V482
52 20825WEB2
53 005594BW5
54 3133EPA47
55 3130AFFX0
56 91282CKP5
57 073718VV0
58 91282CEV9
59 91282CF15
60 91282CG81
61 76116FA83
62 76116FAC1
63 92826CAM4
64 3134HBQW4
65 3136GAKW8
66 31424WR20
FFCB
CARMAX AUTO OWNER SER 2022-3
NORTHERN TR CORP NOTE
UNITEDHEALTH GROUP INC NOTE
TREAS SER C-2027
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
MORGAN STANLEY PRIVATE BK
VALLEY NATL BK PASSAIC N
TREAS SER AA-202
GOLDMAN SACHS BK USACD
CONNEXUS CREDIT UNION WAUSAU
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
RFCSP
VISA INC NOTE CALL
FHLMC
FEDERAL NATL MTG ASSN NOTE
FAMCA
2.1% 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
0.1% 60,000 3.700 2/28/2023 5/15/2027
0.9% 510,000 2.375 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
7.7% 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
1.8% 1,000,000 4.550 7/29/2025 9/20/2027
1.6% 900,000 3.500 1/18/2024 1/31/2028
3.6% 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 4.250 6/18/2025 6/20/2028
0.4% 244,000 4.150 6/17/2025 6/20/2028
0.9% 500,000 4.000 3/13/2024 6/30/2028
0.4% 245,000 3.850 8/5/2025 8/7/2028
0.4% 249,000 4.100 8/6/2025 8/7/2028
0.4% 245,000 3.850 8/8/2025 8/8/2028
1.8% 1,000,000 4.875 6/12/2025 11/1/2028
0.5% 300,000 3.250 2/13/2024 11/16/2028
3.6% 2,000,000 4.625 5/15/2025 4/30/2029
0.4% 244,000 4.650 6/5/2024 5/30/2029
7.1% 4,000,000 3.250 10/25/2024 6/30/2029
1.7% 950,000 3.125 11/21/2024 8/31/2029
2.7% 1,500,000 3.875 2/5/2025 12/31/2029
1.8% 1,000,000 0.000 5/15/2025 1/15/2030
1.1% 605,000 0.000 7/29/2025 4/15/2030
1.8% 1,000,000 2.050 4/30/2025 4/15/2030
1.8% 1,000,000 4.200 5/15/2025 5/20/2030
1.4% 800,000 4.125 7/29/2025 7/29/2030
3.6% 2,000,000 4.625 8/25/2025 8/21/2030
AA+
AAA
4/10/2027 A
4/15/2027 A
AA+
NR
7/5/2027 BBB
AAA
AAA
8/9/2027 AA
10/20/2025 A+
AA+
AAA
NR
AA+
NR
NR
NR
NR
AAA
NR
NR
NR
AA+
AA+
AA+
NR
AAA
AAA
AA+
AA+
AA+
1/15/2030 AA-
5/20/2026 AA+
7/29/2026 AA+
11/21/2025 AA+
3.85 3.97
3.75 3.56
3.46 3.32
3.72 4.41
3.93 3.91
4.06 4.04
4.14 4.75
4.18 4.05
4.30 4.25
4.15 4.17
3.85 4.10
3.85 3.88
4.08 3.98
4.65 3.98
4.23 4.30
4.25 4.10
4.12 4.30
4.21 4.63
3.85 3.97
3.74 3.56
3.46 3.32
3.72 4.41
3.93 3.91
0.15 4.04
4.14 4.75
4.18 4.05
4.30 4.25
4.15 4.17
3.85 4.10
3.85 3.88
4.08 3.98
4.65 3.98
4.23 4.30
4.25 4.10
4.12 4.30
4.21 4.63
1.38 1.48
1.52 1.54
1.56 1.57
1.76 1.81
1.88 1.85
1.86 2.21
2.28 2.45
2.50 2.51
2.51 2.52
2.53 2.56
2.66 2.67
2.67 2.80
2.91 3.23
3.30 3.47
3.64 3.85
4.21 4.45
4.28 0.61
0.80 0.14
Anytime
Anytime
Anytime
Anytime
Anytime
Anytime
Annually
Quarterly
Quarterly
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
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
4/15/2030
4/15/2030
30 5/20/2026
22 7/29/2026
81 11/21/2025
TOTAL and AVERAGES
100.0% 56,064,781 2.48 yrs 2.03 yrs 3.90 3.81 1.96
' 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: 9/30/2025