Item No. 4
DATE:
TO:
FROM:
SUBJECT:
AGENDA REPORT
December 08, 2025
Honorable Mayor and City Council
Jennifer Crawford, Interim City Manager/Treasurer
Phil White, Director of Financ
Monthly Treasurer's Report October 2025
RECOMMENDATION:
That the City Council receive and file the Monthly Treasurer's Report for October 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 4.150% in October.
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 — October
2. Treasurer Managed Portfolio Summary — October
3. LAIF Quarterly Interest Statement — October
4. Wells Fargo Operating Account — October
5. Investments with Fiscal Agent Summary — October
6. Portfolio Holdings - October
ATTACHMENT 1
City of Yucaipa
Treasurer's Report - October 31, 2025
Attachment 1
Institution/Investment Type
September 2025 (
Balance
October 2025
Balance
Funds Under Control of the City:
U.S. Bank Investment Account - Managed by Treasurer
Cash and Equivalents
$ 297,494.42
$ 118,157.55
U.S. Government Issues
35,745,792.80
35,784,396.10
Corporate Issues
5,454,147.73
5,696,649.48
Municipal Issues
197,313.00
197,700.00
$ 41,694,747.95
$ 41,796,903.13
Local Agency Investment Fund (LAIF)
$ 11,150,883.99
$ 9,280,357.51
City Checking Account (Wells Fargo)
$ 2,587,526.08
$ 2,640,155.46
Petty Cash / Change Drawers
$ 2,750.00
$ 2,750.00
Total Funds Under Control of the City
$ 55,435,908.02
$ 53,720,166.10
Funds with Fiscal Agents:
Bank of New York Mellon
CFD 98-1 - Municipal Bond Insurance Policy
$ 1.00
$ 1.00
CFD 98-1 - Cash
$ 281,932.11
$ 281,932.11
U.S. Bank
RDA 1998 TAB - Blackrock Instl Funds
$ 186.26
$ 191.40
RDA 1998 TAB - LAIF
$ 49,093.64
$ 49,629.93
RDA 2004 TAB - Blackrock Instl Funds
$ 150,536.64
$ 151,082.48
RDA 2010 TAB - Blackrock Instl Funds
$ 374,157.28
$ 375,412.19
Total Funds with Fiscal Agents
$ 855,906.93
$ 858,249.11
Grand Total
$ 56,291,814.95
$ 54,578,415.21
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.
ATTACHMENT 2
00184801
65- -01-B -82-310-01
0101-11-04304-01
CITY OF YUCAIPA - TREASURER MANAGED
ACCOUNT
ASSETS
10/31/2025
MARKET VALUE
% OF
MARKET
Cash And Equivalents
U.S. Government Issues
Corporate Issues
Municipal Issues
118,157.55
35,784,396.10
5,696,649.48
197, 700.00
0.28 84.88
13.51 0.47
Total Assets
Accrued Income
41,796,903.13 99.14
360,662.05 0.86
Grand Total
42,157,565.18 100.00
embank
Period from October 1, 2025 to October 31, 2025
BONDS 98.86%
CASH EQUIV & ACCR 1.14%
ATTACHMENT 3
11/12/25, 11:14 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:
October 2025 Statement
Effective Transaction Tran Confirm
Date Date Type Number
10/6/2025 10/2/2025 RW 1783141
10/15/2025 10/14/2025 QRD 1785551
Account Summary
Total Deposit:
Total Withdrawal:
November 12, 2025
LAIF Home
PMIA Average Monthly
Yields
Tran Type Definitions
Web
Confirm
Number Authorized Caller
1743762 PHILLIP WHITE
N/A SYSTEM
129,473.52 Beginning Balance:
-2,000,000.00 Ending Balance:
Amount
-2,000,000.00
129,473.52
11,150,883.99
9,280,357.51
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1
ATTACHMENT 4
Commercial Checking Acct Public Funds
Account number: ■ October 1, 2025 - October 31, 2025 • Page 1 of 6
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
$2,587,526.08
Total credits
$3,447,073.44
Total debits Ending balance
-$3,394,444.06 $2,640,155.46
Credits
Deposits
Effective Posted
date date
Amount Transaction detail
10/02 150.00 Deposit
10/02 10/03 4,000.00 Reversal of Check Posted 10-02-25 Refer to Maker Our Ref: 10-02-25 00000000 10/06 300.00 Deposit
10/07 1,430.00 Deposit
10/07 2,750.00 Deposit
10/14 10/15 33.60 Reversal of Check Posted 10-14-25 Reposted 10-15-25 as Serial 0000020045 Our Ref: 10-14-25 00000000
10/16 225.00 Deposit
10/21 200.00 Deposit
10/24 100.00 Deposit
10/27 150.00 Deposit
10/29 25.00 Deposit
$9,363.60 Total deposits
Electronic deposits/bank credits
Effective Posted
date date
Amount Transaction detail
10/01
10/01
10/01
10/01
10/01
10/01
10/01
10/01
620I0 Wells Fargo Bark N.A.
All rights reserved. Member FDC.
82.50 343.00
605.55
1,272.00
2,517.00
6,148.00
11,903.04
6,923.53
Cash Only Customer Deposit
American Express Settlement 250930 5647699172 Comm Devt 5647699172 Cash Only Customer Deposit
Paymentech Transfer 251001 TyIer0005037697 Eg Css CA Yucaipa Comm Cash Only Customer Deposit
Cash Only Customer Deposit
Desktop Check Deposit
ZBA Funding Account Transfer From 4241875095
(114)
Sheetseq — 0039497
Sheet 00001 of 00006
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
U.S. Bank
RDA 1998 TAB
6711616700 Project Acct - Blackrock Instl Funds
6711616701 Interest Acct - Blackrock Instl Funds
6711616702 Principal Acct - Blackrock Instl Funds
6711616703 Sinking Acct - Blackrock Instl Funds
6711616704 Reserve Acct - Blackrock Instl Funds
6711616704 Reserve Acct - LAIF
RDA 2004 TAB
6711740700
6711740701
6711740702
6711740703
Project Acct - Blackrock Instl Funds
Interest Acct - Blackrock Instl Funds
Principal Acct - Blackrock Instl Funds
Reserve Acct - Blackrock Instl Funds
RDA 2010 TAB
6711740705 Reserve Acct - Blackrock Instl Funds
10/31/2025
$ 199,970.44
$ 1.00
$ 81,961.67
$ 281,933.11
0.24 123.05
0.24 67.80
0.07 191.40
49,629.93
49,821.33
0.12 1,777.73
193.90
149,110.73
151,082.48
375,412.19
ATTACHMENT 6
TVI
TIME
V,\LU1:
INVESTMENTSA
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 Uq. Bal.
Wgtd Avg Mat (all called)
Market Value 10/31/2025
3.90%
3.75%
3.82%
2.41 yrs
1.88 yrs
1.96 yrs
41,678,746
Par Value
Liquid Balances
Total Par with Liquid Bal.
Current MV with Liquid Bal.
* Purchase Yield to Maturity
42,277,877
12,038,671
54,316,548
53,717,417
Yucaipa
Portfolio Composition (incl. liquid Balances)
Portfolio Ratings (Worst***)
Sector Par Value YTM • Weight
Agencies 12,905,000 4.41% 23.8%
Treasuries 23,215,000 3.67% 42.7%
Certificates of Deposit 2,577,000 4.05% 4.7%
Municipal Bonds 300,000 1.57% 0.6%
Corporate Bonds 3,280,877 3.59% 6.0%
Mortgages
Commercial Paper
Supra Nationals
Total
Account Name
LAIF
Wells Fargo
US Bank Money Market
42,277,877 3.90% 77.8%
Balance Rate Weight
9,280,358 4.15% 17.1%
2,640,155 0.00% 4.9%
118,158 3.92% 0.2%
Total Liquid Balances
** Purchase Yield to Worst
12,038,671 3.24%
22.2%
0.6% 47%
• Agencies
Certificates of Deposit
• Corporate Bonds
• Treasuries
Municipal Bonds
• Liquid Balances
1.3% 0.9%
0.3%
2.4% 2.6%
0.4%
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
$B.MM
$7.MM
$6.MM
$S.MM
$4.MM
53.MM
$2.MM
51.MM
$0
S.BMM
0-3mo
$2.6MM
3- 6mo
$7.4MM
6 - 12mo
$9.3MM
1 - 2yr
$5.7MM
2 - 3yr
$8.5MM
3 -4yr
58.2MM
4 - 5yr
$0.0
5 - 7yr
$0.0
7 - 10yr
Performance versus Benchmark as of 10/31/2025
Yield to Maturity:
Portfolio
2-Year Treasury
Fed Funds
As of As of
1Yr Average 10/31/2025 1Mo Ago 3Mos Ago 6Mos Ago 9Mos Ago 12/31/2024 1Yr Ago 3Yrs Ago SYrs Ago n/a 3.90% 3.90% 3.62% 3.51% n/a n/a n/a n/a n/a
3.92% 3.63% 3.60% 3.94% 3.60% 4.22% 4.25% 4.16% 4.51% 0.14%
4.51% 4.00% 4.25% 4.50% 4.50% 4.50% 4.50% 5.00% 3.25% 0.25% $0.0
Over l0yr
Excluded Securities
Bonds that are not found
will not be shown
Cusip Reason
2 Report Date: 10/31/2025
TVI
TIME
VtLIJI:
µ INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Cash -Flows - from 11/2025 to 10/2026 - Assuming None Called Type
11 Callable
Non -Callable
TOTAL
Par Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aux-26 Sep-26 Oct-26 7,005,000 26,363 0 19,148 52,486 27,076 10,250 105,413 0 18,598 50,173 152,076 10,250 35,272,877 803,684 231,620 961,757 124,256 1,197,036 543,572 351,564 4,536,028 1,807,195 334,100 29,730 642,562 42,277,877 830,047 231,620 980,905 176,742 1,224,112 553,822 456,977 4,536,028 1,825,793 384,273 181,806 652,812 I Interest Payments
250,000
200,000
150,000
100,000
50,000
0 Nov-25
Dec-25
Jan-26
Feb-26
Mar-26
Apr-26
May-26
Jun-26
Jul-26
Aug-26
Sep-26
Oct-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 Nov-25 Dec-25
Jan-26
Feb-26 Mar-26
Apr-26 May-26
Jun-26 Jul-26
Aug-26 Sep-26
Oct-26
3 Report Date: 10/31/2025
TVI
TIME
VAI.IJ1:
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Cash -Flows - from 11/2025 to 10/2026 - Recognizing Likelihood of Call* Type
Callable
Non -Callable
TOTAL
Par Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 AuR-26 Sep-26 Oct-26 7,005,000 26,363 0 19,148 52,486 27,076 10,250 105,413 0 18,598 50,173 152,076 10,250 35,272,877 803,684 231,620 961,757 124,256 1,197,036 543,572 351,564 4,536,028 1,807,195 334,100 29,730 642,562 42,277,877 830,047 231,620 980,905 176,742 1,224,112 553,822 456,977 4,536,028 1,825,793 384,273 181,806 652,812 Interest Payments
250,000
200,000
150,000
100,000
50,000
0 Nov-25
Dec-25
Jan-26
Feb-26
Mar-26
Apr-26
May-26
Jun-26
Jul-26
Aug-26
Sep-26
Oct-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 Nov-25 Dec-25
Likelihood based on 10/31/2025 market rates
Jan-26 Feb-26
Mar-26 Apr-26
May-26 Jun-26
Jul-26 Aug-26
Sep-26 Oct-26
4 Report Date: 10/31/2025
TV'
TIME
VALUE
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
1 O u. Par Value Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Year 1 Total 1 3135G06G3 750,000 751,875 0 0 0 0 0 0 0 0 0 0 0 751,875 2 43815GAC3 2,815 2 2 2,817 0 0 0 0 0 0 0 0 0 2,821
3 9128203H3 900,000 0 0 901,688 0 0 0 0 0 0 0 0 0 901,688 4 64985TDC2 150,000 0 0 0 0 150,983 0 0 0 0 0 0 150,983 5 91282CBT7 1,015,000 0 0 0 0 1,018,806 0 0 0 0 0 0 1,018,806 6 91282C8W0 490,000 0 0 0 0 0 491,838 0 0 0 0 0 0 491,838 7 04636NAA1` 80,000 480 0 0 0 0 0 80,480 0 0 - _ 80,960 8 91282CCF6 300,000 1,125 0 0 0 0 0 301,125 0 0 0 0 0 302,250 9 313081873 4,000,000 0 97,500 0 0 0 0 0 4,097,500 0 0 0 0 4,195,000 10 14317DAC4 1,869 1 1 1 1 1 1 1 1,870 0 0 0 0 1,877
11 345286AC2 2,655 3 3 3 3 3 3 3 2,658 0 0 0 0 2,679
12 91282CCJ8 300,000 0 1,313 0 0 0 0 0 301,313 0 0 0 0 302,626 13 544647FC9 50,000 0 0 364 0 0 0 0 0 50,364 0 0 0 50,728 14 91282CHM6 1,700,000 0 0 38,250 0 0 0 0 0 1,738,250 0 0 0 1,776,500 15 9128282A7 200,000 0 0 0 1,500 0 0 0 0 0 201,500 0 0 203,000 16 05602RAD3 10,030 27 27 27 27 27 27 27 27 27 10,057 0 0 10,300 17 02665WDZ1" 125,000 0 0 0 813 0 0 125;01 , 0 126,626
18 362554AC1 2,355 1 1 1 1 1 1 1 1 1 1 2,356 0 2,366
19 98163KAC6 1,980 1 1 1 1 1 1 1 1 1 1 1 1,981 1,992
20 448977AD0 13,934 26 26 26 26 26 26 26 26 26 26 26 13,960 14,246 21 91282CDG3 575,000 0 0 0 0 0 3,234 0 0 0 0 0 578,234 581,468 22 025816CM9" 125,000 1,040 0 0 0 0 0 1,023 0 0 0 0 0 2,063 23 91282CDK4 250,000 1,563 0 0 0 0 0 1,563 0 0 0 0 0 3,126 24 24422EWA3 75,000 0 0 638 0 0 0 0 0 638 0 0 0 1,276
25 87612E8M7` 110,000 0 0 1,073 0 0 0 0 0 1,073 0 0 0 2,146 26 0640688A4` 100,000 0 0 1,025 0 0 0 0 0 1,025 0 0 0 2,050 27 459200KM2" 135,000 0 0 0 1,485 0 0 0 0 0 1,485 0 0 2,970 28 912828V98 650,000 0 0 0 7,313 0 0 0 0 0 7,313 0 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 0 550 0 0 0 0 0 550 0 1,100 31 3133EP4U6 1,150,000 0 0 0 0 25,156 0 0 0 0 0 25,156 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 1,800 0 0 0 0 0 1,800 0 0 0 0 0 3,600 34 912828X88 510,000 6,056 0 0 0 0 0 6,056 0 0 0 0 0 12,112 35 91324PE03` 60,000 1,110 0 0 0 0 0 1,110 0 0 0 0 0 2,220 36 254683CS2 125,000 346 346 346 346 346 346 346 346 346 346 346 346 4,152 37 458140BY5" 130,000 0 0 0 2,438 0 0 0 0 0 2,438 0 0 4,876 38 9128282R0 4,300,000 0 0 0 48,375 0 0 0 0 0 48,375 0 0 96,750 39 91282CAH4 175,000 0 0 0 438 0 0 0 0 0 438 0 0 876
40 931142EX7" 150,000 0 0 0 0 2,963 0 0 0 0 0 2,963 0 5,926 4189236TK13" 1,000,000 0 0 0 0 22,750 0 0 0 0 0 22,750 0 45,500 42 91282CGH8 900,000 0 0 15,750 0 0 0 0 0 15,750 0 0 0 31,500 43 91282CGP0 2,000,000 0 0 0 40,000 0 0 0 0 0 40,000 0 0 80,000 44 61690DRP5 244,000 5,843 0 0 0 0 0 5,747 0 0 0 0 0 11,590 5 Report Date: 10/31/2025
TVI
TIME
VALUE
INVESTMENTS%
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Extended Cash -Flows
8 Cusip Par Value Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Year 1 Total 45 3130AWC24 300,000 0 6,000 0 0 0 0 0 6,000 0 0 0 0 12,000 46 05612LFD9 244,000 0 5,009 0 0 0 0 0 4,927 0 0 0 0 9,936 47 8562886U8 244,000 0 5,260 0 0 0 0 0 5,232 0 0 0 0 10,492 48 919853QU8 244,000 0 5,077 0 0 0 0 0 5,049 0 0 0 0 10,126 49 61776NTK9 244,000 0 5,199 0 0 0 0 0 5,171 0 0 0 0 10,370 50 91282CHK0 500,000 0 10,000 0 0 0 0 0 10,000 0 0 0 0 20,000 51 20825WEB2 249,000 867 839 867 867 783 867 839 867 839 867 867 839 10,208 52 38150V4B2 245,000 0 0 0 4,755 0 0 0 0 0 4,677 0 0 9,432 53 005594BW5 245,000 0 0 0 4,781 0 0 0 0 0 4,677 0 0 9,458 54 3133EPA47 1,000,000 24,375 0 0 0 0 0 24,375 0 0 0 0 0 48,750 55 3130AFFX0 300,000 4,875 0 0 0 0 0 4,875 0 0 0 0 0 9,750 56 91282CKP5 2,000,000 0 0 0 0 0 46,250 0 0 0 0 0 46,250 92,500 57 07371BVV0 244,000 5,720 0 0 0 0 0 5,626 0 0 0 0 0 11,346 58 91282CEV9 4,000,000 0 65,000 0 0 0 0 0 65,000 0 0 0 0 130,000 59 91282CFJ5 950,000 0 0 0 14,844 0 0 0 0 0 14,844 0 0 29,688 60 91282CGB1 1,500,000 0 29,063 0 0 0 0 0 29,063 0 0 0 0 58,126 61 76116FA83 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 0 0 0 0 0 10,250 0 0 0 0 0 10,250 20,500 64 3134HBQW4' 1,000,000 21,933 0 0 0 0 0 21,000 0 0 0 0 0 42,933 65 31366AKW8' 800,000 0 0 1/,050 0 0 0 0 0 16,500 0 0 0 33,550 66 31424WR20' 2,000,000 0 0 0 48,563 0 0 0 0 0 46,250 0 0 94,813 67 45780PDK8 249,000 772 747 772 772 697 772 747 772 747 772 772 747 9,089 (707AL 42,277,877 830,047 231,620 980,905 176,742 1,224,112 553,822 456,977 4,536,028 1,825,793 384,273 181,806 652,812 12,034,938 • 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: 10/31/2025
TN/I
TIME
VALUI:
INVESTMENTS
FOR INSTITUTIONAL INVESTOR USE ONLY
Yucaipa
Maturity Distribution
25%
20%
15%
10%
5%
0%
1.8%
0 -3mo
6.0%
3 6mo
17.4%
6 - 12mo
22.0%
1 - 2yr
13.4%
2 - 3yr
20.1%
3 - 4yr
19.3%
4 - Syr
0.036
0.0%
0.0%
5 - 7yr
7 - 10yr
Over l0yr
Portfolio Details - Sorted by Maturity
# 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 O4636NAA1 ASTRAZENECA FINANCE LLC NOTE
8 91282CCF6 T
9 313081BT3 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 O2665W0Z1 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 O25816CM9 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 BUSINESSM
28 912828V98 T
29 362585AC5 GM FIN CONS AUT REC SER 2022-2
30 438516CE4 HONEYWELL INTL INC NOTE CALL
Weleht Par Value Coin • Settle Dt Mat Dt NM Call Dt Rating •••, YTM •• YTW •• Duration
22.2% 12,038,671
1.4% 750,000 0.500 8/1/2024 11/7/2025 AA+ 4.63 4.63 0.02
0.0% 2,815 0.880 2/28/2023 1/21/2026 AAA 0.89 0.89 0.22
1.7% 900,000 0.375 2/28/2023 1/31/2026 AAA 0.85 0.85 0.25
0.3% 150,000 1.310 2/28/2023 3/15/2026 NR 1.31 1.31 0.36
1.9% 1,015,000 0.750 2/28/2023 3/31/2026 AAA 1.07 1.07 0.41
0.9% 490,000 0.750 2/28/2023 4/30/2026 AAA 0.58 0.58 0.49
0.136 80,000 1.200 2/28/2023 5/28/2026 4/28/2026 A+ 1.17 1.17 0.57 Anytime
0.6% 300,000 0.750 2/28/2023 5/31/2026 AAA 0.82 0.82 0.57
7.4% 4,000,000 4.875 5/17/2024 6/12/2026 AA+ 4.76 4.76 0.59
0.0% 1,869 0.550 2/28/2023 6/15/2026 NR 0.56 0.56 0.62
0.0% 2,655 1.290 2/28/2023 6/15/2026 NR 1.29 1.29 0.62
0.6% 300,000 0.875 2/28/2023 6/30/2026 AAA 3.11 3.11 0.65
0.1% 50,000 1.455 2/28/2023 7/1/2026 NR 1.46 1.46 0.65
3.1% 1,700,000 4.500 7/9/2024 7/15/2026 AAA 4.56 4.56 0.68
0.4% 200,000 1.500 2/28/2023 8/15/2026 AAA 3.37 3.37 0.77
0.0% 10,030 3.210 2/28/2023 8/25/2026 AAA 3.21 3.21 0.80
0.2% 125,000 1.300 2/28/2023 9/9/2026 11/6/2025 A- 1.72 1.72 0.85 Anytime
0.0% 2,355 0.680 2/28/2023 9/16/2026 NR 0.68 0.68 0.87
0.0% 1,980 0.810 2/28/2023 10/15/2026 NR 0.81 0.81 0.95
0.0% 13,934 2.220 2/28/2023 10/15/2026 NR 2.22 2.22 0.94
1.1% 575,000 1.125 2/28/2023 10/31/2026 AAA 2.43 2.43 0.98
0.2% 125,000 1.650 2/28/2023 11/4/2026 10/4/2026 A- 1.85 1.85 0.99 Anytime
0.5% 250,000 1.250 2/28/2023 11/30/2026 AAA 1.17 1.17 1.05
0.1% 75,000 1.700 2/28/2023 1/11/2027 A 1.85 1.85 1.17
0.2% 110,000 1.950 2/28/2023 1/15/2027 12/15/2026 A 1.91 1.91 1.18 Anytime
0.2% 100,000 2.050 2/28/2023 1/26/2027 12/24/2026 A 2.02 2.02 1.21 Anytime
0.2% 135,000 2.200 2/28/2023 2/9/2027 1/9/2027 A- 2.53 2.53 1.24 Anytime
1.2% 650,000 2.250 2/28/2023 2/15/2027 AAA 2.95 2.95 1.25
0.0% 12,846 3.100 2/28/2023 2/16/2027 AAA 3.11 3.11 1.25
0.2% 100,000 1.100 2/28/2023 3/1/2027 2/1/2027 A 2.33 2.33 1.32 Anytime Estimated Estimated
Call Type Bps 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: 10/31/2025
TVI
TIME
VALUE:
INVESTMENTS*
Yucaipa
Portfolio Details - Sorted by Maturity
31 3133EP4U6
32 14318MAD1
33 665859AW4
34 912828X88
35 91324PEG3
36 254683CS2
37 458140BY5 INTEL CORP NOTE CALL
38 9128282R0 T
39 91282CAH4 TREAS SER P-2027
40 931142EX7 WALMART INC NOTE CALL
41 89236T103 TOYOTA MTR CR CORP MTN CALL M
42 91282CGH8 TREAS SER U-2028
43 91282CGP0 T
44 61690DRP5 MORGAN STANLEY BK N A CD
45 3130AWC24 FEDERAL HOME LOAN BANKS
46 05612LFD9 BMW 8K NORTH AMER SALT LAKE
47 856288BU8 STATE BK INDIA NEW YORK NY CD
48 919853QU8 VALLEY NATL BK PASSAIC N
49 61776NTK9 MORGAN STANLEY PRIVATE BK
50 91282CHK0 TREAS SER AA-202
51 20825WEB2 CONNEXUS CREDIT UNION WAUSAU
52 38150V4B2 GOLDMAN SACHS BK USACD
53 005594BW5 ADAMS CMNTY BK ADAMSMASS CD
54 3133EPA47 FFCB
55 3130AFFX0 FEDERAL HOME LOAN BANK 4973
56 91282CKP5 TREAS SER Y-2029
57 07371BVV0 MONET BK PLANO TEX CD
58 91282CEV9 TREAS SER M-2029
59 91282CF15 TREAS SER P-2029
60 91282CGB1 TREAS SER T-2029
61 76116FAB3 RFCSP
62 76116FAC1 RFCSP
63 92826CAM4 VISA INC NOTE CALL
64 3134HBQW4 FHLMC
65 3136GAKW8 FEDERAL NATL MTG ASSN NOTE
66 31424WR20 FAMCA
67 45780PDK8 INSTITUTION FOR SVGS IN NEWBUR
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
2.1%
0.1%
0.2%
0.9%
0.1%
0.2%
0.2%
7.9%
0.3%
0.3%
1.8%
1.7%
3.7%
0.4%
0.6%
0.4%
0.4%
0.4%
0.4%
0.9%
0.5%
0.5%
0.5%
1.8%
0.6%
3.7%
0.4%
7.4%
1.7%
2.8%
1.8%
1.1%
1.8%
1.8%
1.5%
3.7%
0.5%
1,150,000
52,394
90,000
510,000
60,000
125,000
130,000
4,300,000
175,000
150,000
1,000,000
900,000
2,000,000
244,000
300,000
244,000
244,000
244,000
244,000
500,000
249,000
245,000
245,000
1,000,000
300,000
2,000,000
244,000
4,000,000
950,000
1,500,000
1,000,000
605,000
1,000,000
1,000,000
800,000
2,000,000
249,000
4.375
3.970
4.000
2.375
3.700
3.320
3.750
2.250
0.500
3.950
4.550
3.500
4.000
4.750
4.000
4.050
4.300
4.150
4.250
4.000
4.100
3.850
3.850
4.875
3.250
4.625
4.650
3.250
3.125
3.875
0.000
0.000
2.050
4.200
4.125
4.625
3.650
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
7/29/2025
1/18/2024
1/30/2024
5/30/2024
2/13/2024
6/13/2025
6/16/2025
6/17/2025
6/18/2025
3/13/2024
8/6/2025
8/5/2025
8/8/2025
6/12/2025
2/13/2024
5/15/2025
6/5/2024
10/25/2024
11/21/2024
2/5/2025
5/15/2025
7/29/2025
4/30/2025
5/15/2025
7/29/2025
8/25/2025
10/28/2025
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
5/20/2030
7/29/2030
8/21/2030
10/28/2030
AA+
AAA
4/10/2027 A
AA+
4/15/2027 A
NR
7/5/2027 BBB
AAA
AAA
8/9/2027 AA
11/6/2025 A+
AA+
AAA
NR
AA+
NR
NR
NR
NR
AA+
NR
NR
NR
AA+
AA+
AA+
NR
AA+
AAA
AA+
AA+
AA+
1/15/2030 AA-
5/20/2026 AA+
7/29/2026 AA+
11/21/2025 AA+
NR
3.85 3.85 1.30
3.97 3.97 1.41
3.75 3.74 1.44
3.46 3.46 1.48
3.56 3.56 1.46
3.32 3.32 1.49
3.72 3.72 1.68
4.41 4.41 1.73
3.93 3.93 1.79
3.91 3.91 1.76 Anytime
4.06 0.86 1.78 Anytime
4.04 4.04 2.13
4.14 4.14 2.20
4.75 4.75 2.37
4.18 4.18 2.42
4.05 4.05 2.43
4.30 4.30 2.43
4.15 4.15 2.44
4.25 4.25 2.44
4.17 4.17 2.48
4.10 4.10 2.58
3.85 3.85 2.58
3.85 3.85 2.58
3.88 3.88 2.71
4.08 4.08 2.83
3.98 3.98 3.22
4.65 4.65 3.22
3.98 3.98 3.39
4.23 4.23 3.55
4.30 4.30 3.77
4.25 4.25 4.12
4.10 4.10 4.37
4.12 4.12 4.23
4.30 4.30 0.53
4.21 4.21 4.23
4.63 4.63 0.05
3.65 3.65 4.54
Anytime
Anytime
Anytime
Anytime
Annually
Quarterly
Quarterly
(6)
(13)
(5)
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
5/20/2030
7/29/2030
8/21/2030
10/28/2030
(TOTAL and AVERAGES
100.0% 54,316,548
2.41 yrs 1.96 yrs
3.90 3.82 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: 10/31/2025