Loading...
2025 09 11 FAC Special MeetingFINANCIAL ADVISORY COMMISSION 1 SEPTEMBER 11, 2025 SPECIAL MEETING NOTICE AND CALL OF SPECIAL MEETING OF THE LA QUINTA FINANCIAL ADVISORY COMMISSION TO THE MEMBERS OF THE LA QUINTA FINANCIAL ADVISORY COMMISSION AND TO THE COMMISSION SECRETARY: NOTICE IS HEREBY GIVEN that a Special Meeting of the La Quinta Financial Advisory Commission is hereby called to be held on Thursday, September 11, 2025, commencing at 3:30 p.m. at La Quinta City Hall located at 78495 Calle Tampico, La Quinta, CA 92253 for the following purpose: ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS 1. INTRODUCE NEWLY APPOINTED COMMISSIONER NIBLO CONSENT CALENDAR 1. RECEIVE AND FILE SPECIAL MEETING MINUTES DATED JUNE 4, 2025 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MAY 31, 2025 BUSINESS SESSION 1.APPOINT MEMBERS OF THE FINANCIAL ADVISORY COMMISSION TO SERVE AS CHAIRPERSON AND VICE CHAIRPERSON FOR FISCAL YEAR 2025/26 2.APPOINT MEMBERS OF THE FINANCIAL ADVISORY COMMISSION TO SERVE ON THE MEASURE G SALES TAX OVERSIGHT COMPLIANCE SUBCOMMITTEE TO AUDIT AND FORMULATE THE ANNUAL MEASURE G SALES TAX OVERSIGHT COMPLIANCE REPORT FOR FISCAL YEAR 2024/25 3.RECEIVE AND FILE FOURTH QUARTER FISCAL YEAR 2024/25 TREASURY REPORTS FOR APRIL, MAY, AND JUNE 2025 DEPARTMENTAL REPORTS 1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES 2. FIRST QUARTER 2025 (JANUARY – MARCH) SALES TAX UPDATE FINANCIAL ADVISORY COMMISSION 2 SEPTEMBER 11, 2025 SPECIAL MEETING Dated: September 2, 2025 /s/ Keith Dorsey KEITH DORSEY, Chairperson Attest: AMANDA GUERRERO, Commission Secretary DECLARATION OF POSTING I, Amanda Guerrero, Commission Secretary do hereby declare that the foregoing notice for the La Quinta Financial Advisory Commission Special Meeting of September 11, 2025, was posted on the City’s website, near the entrance to the Council Chamber at 78495 Calle Tampico and the bulletin board at the La Quinta Cove Post Office at 51321 Avenida Bermudas on September 2, 2025. AMANDA GUERRERO, Commission Secretary FINANCIAL ADVISORY COMMISSION Page 1 of 4 SEPTEMBER 11, 2025 SPECIAL MEETING – AGENDA SPECIAL MEETING FINANCIAL ADVISORY COMMISSION AGENDA CITY HALL COUNCIL CHAMBER 78495 Calle Tampico, La Quinta THURSDAY, SEPTEMBER 11, 2025, AT 3:30 P.M. Members of the public may listen to this meeting by tuning-in live via www.laquintaca.gov/livemeetings. CALL TO ORDER Roll Call: Commissioners Anderson, Kiehl, Lee, Mast, Niblo, Way, and Chair Dorsey PLEDGE OF ALLEGIANCE PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA At this time, members of the public may address the Commission on any matter not listed on the agenda pursuant to the “Public Comments – Instructions” listed at the end of the agenda. The Commission values your comments; however, in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by the Brown Act [Government Code § 54954.2(b)]. CONFIRMATION OF AGENDA ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS 1. INTRODUCE NEWLY APPOINTED COMMISSIONER PHILLIP NIBLO CONSENT CALENDAR NOTE: Consent Calendar items are routine in nature and can be approved by one motion. PAGE 1. RECEIVE AND FILE SPECIAL MEETING MINUTES DATED JUNE 4, 2025 5 Financial Advisory Commission agendas and staff reports are now available on the City’s web page: www.laquintaca.gov  BUSINESS SESSION ITEM NO. 1 PULLED FROM THE AGENDA FINANCIAL ADVISORY COMMISSION Page 2 of 4 SEPTEMBER 11, 2025 SPECIAL MEETING – AGENDA 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MAY 31, 2025 9 BUSINESS SESSION PAGE 15 17 1.Pulled from the Agenda by staff >>> APPOINT MEMBERS OF THE FINANCIAL ADVISORY COMMISSION TO SERVE AS CHAIRPERSON AND VICE CHAIRPERSON FOR FISCAL YEAR 2025/26 2.APPOINT MEMBERS OF THE FINANCIAL ADVISORY COMMISSION TO SERVE ON THE MEASURE G SALES TAX OVERSIGHT COMPLIANCE SUBCOMMITTEE TO AUDIT AND FORMULATE THE ANNUAL MEASURE G SALES TAX OVERSIGHT COMPLIANCE REPORT FOR FISCAL YEAR 2024/25 3.RECEIVE AND FILE FOURTH QUARTER FISCAL YEAR 2024/25 TREASURY REPORTS FOR APRIL, MAY, AND JUNE 2025 19 STUDY SESSION – None DEPARTMENTAL REPORTS PAGE 1.FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES 81 2.FIRST QUARTER 2025 (JANUARY- MARCH) SALES TAX UPDATE 89 COMMISSIONERS’ ITEMS ADJOURNMENT The next meeting of the La Quinta Financial Advisory Commission will be held November 5, 2025 commencing at 3:30 p.m. at the La Quinta City Hall Council Chamber, 78495 Calle Tampico, La Quinta, CA 92253. DECLARATION OF POSTING I, Amanda Guerrero, Secretary of the Financial Advisory Commission of the City of La Quinta, do hereby declare that the foregoing Agenda for the special Commission meeting of September 11, 2025, was posted on the City’s website, near the entrance to the Council Chamber at 78495 Calle Tampico and the bulletin board at 51321 Avenida Bermudas, on September 2, 2025. DATED: September 2, 2025 Amanda Guerrero, Commission Secretary City of La Quinta, California FINANCIAL ADVISORY COMMISSION Page 3 of 4 SEPTEMBER 11, 2025 SPECIAL MEETING – AGENDA Public Notices  Agenda packet materials are available for public inspection: 1) at the Clerk’s Office at La Quinta City Hall, located at 78495 Calle Tampico, La Quinta, California 92253; and 2) on the City’s website at https://www.laquintaca.gov/our-city/city-government/boards-and- commissions/financial-advisory-commission in accordance with the Brown Act [Government Code § 54957.5; AB 2647 (Stats. 2022, Ch. 971)].  The La Quinta City Council Chamber is handicapped accessible. If special equipment is needed for the hearing impaired, please contact Commission Secretary at (760) 777-7055, 24- hours in advance of the meeting and accommodations will be made.  If background material is to be presented to the Commission during a Commission meeting, please be advised that 15 copies of all documents, exhibits, etc., must be supplied to the Commission Secretary for distribution. It is requested that this takes place prior to the beginning of the meeting. PUBLIC COMMENTS – INSTRUCTIONS Members of the public may address the Commission on any matter listed or not listed on the agenda as follows: WRITTEN PUBLIC COMMENTS can be provided either in-person during the meeting by submitting 15 copies to the Commission Secretary, it is requested that this takes place prior to the beginning of the meeting; or can be emailed in advance to CMartinez@LaQuintaCA.gov, no later than 12:00 p.m., on the day of the meeting. Written public comments will be distributed to the Commission, made public, and will be incorporated into the public record of the meeting, but will not be read during the meeting unless, upon the request of the Chair, a brief summary of public comments is asked to be reported. If written public comments are emailed, the email subject line must clearly state “Written Comments” and should include: 1) full name, 2) city of residence, and 3) subject matter . VERBAL PUBLIC COMMENTS can be provided in-person during the meeting by completing a “Request to Speak” form and submitting it to the Commission Secretary; it is requested that this takes place prior to the beginning of the meeting. Please limit your comments to three (3) minutes (or approximately 350 words). Members of the public shall be called upon to speak by the Chair. In accordance with City Council Resolution No. 2022-028, a one-time additional speaker time donation of three (3) minutes per individual is permitted; please note that the member of the public donating time must: 1) submit this in writing to the Commission Secretary by completing a “Request to Speak” form noting the name of the person to whom time is being donated to, and 2) be present at the time the speaker provides verbal comments. Verbal public comments are defined as comments provided in the speakers’ own voice and may not include video or sound recordings of the speaker or of other individuals or entities, unless permitted by the Chair. Public speakers may elect to use printed presentation materials to aid their comments; 15 copies of such printed materials shall be provided to the Commission Secretary to be disseminated to the Commission, made public, and incorporated into the public record of the meeting; it is requested that the printed materials are provided prior to the beginning of the meeting. There shall be no use FINANCIAL ADVISORY COMMISSION Page 4 of 4 SEPTEMBER 11, 2025 SPECIAL MEETING – AGENDA of Chamber resources and technology to display visual or audible presentations during public comments, unless permitted by the Chair. All writings or documents, including but not limited to emails and attachments to emails, submitted to the City regarding any item(s) listed or not listed on this agenda are public records. All information in such writings and documents is subject to disclosure as being in the public domain and subject to search and review by electronic means, including but not limited to the City’s Internet Web site and any other Internet Web-based platform or other Web-based form of communication. All information in such writings and documents similarly is subject to disclosure pursuant to the California Public Records Act [Government Code § 7920.000 et seq.]. TELECONFERENCE ACCESSIBILITY – INSTRUCTIONS Teleconference accessibility may be triggered in accordance with AB 2449 (Stats. 2022, Ch. 285), codified in the Brown Act [Government Code § 54953], if a member of the Financial Advisory Commission requests to attend and participate in this meeting remotely due to “just cause” or “emergency circumstances,” as defined, and only if the request is approved. In such instances, remote public accessibility and participation will be facilitated via Zoom Webinar as detailed at the end of this Agenda. *** TELECONFERENCE PROCEDURES*** APPLICABLE ONLY WHEN TELECONFERENCE ACCESSIBILITY IS IN EFFECT Pursuant to Government Code § 54953(f) [AB 2449, Stats. 2022, Ch. 285, Rubio]. Verbal public comments via Teleconference – members of the public may attend and participate in this meeting by teleconference via Zoom and use the “raise your hand” feature when public comments are prompted by the Chair; the City will facilitate the ability for a member of the public to be audible to the Commission and general public and allow him/her/they to speak on the item(s) requested. Please note – members of the public must unmute themselves when prompted upon being recognized by the Chair, in order to become audible to the Commission and the public. Only one person at a time may speak by teleconference and only after being recognized by the Chair. ZOOM LINK: https://us06web.zoom.us/j/88165609917 Meeting ID: 881 6560 9917 Or join by phone: (253) 215 – 8782 Written public comments – can be provided in person during the meeting or emailed to CMartinez@LaQuintaCA.gov any time prior to the adjournment of the meeting, and will be distributed to the Commission, made public, incorporated into the public record of the meeting, and will not be read during the meeting unless, upon the request of the Chair, a brief summary of any public comment is asked to be read, to the extent the Committee can accommodate such request. FINANCIAL ADVISORY COMMISSION Page 1 of 4 JUNE 4, 2025 SPECIAL MEETING – MINUTES FINANCIAL ADVISORY COMMISSION SPECIAL MEETING MINUTES WEDNESDAY, JUNE 4, 2025 CALL TO ORDER A special meeting of the La Quinta Financial Advisory Commission (Commission) was called to order at 3:32 p.m. by Vice Chair Anderson. PRESENT: Commissioners Anderson, Batavick, Kiehl, Lee, Mast, and Way ABSENT: Chair Dorsey PLEDGE OF ALLEGIANCE Commissioner Batavick led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None CONFIRMATION OF AGENDA Staff requested the Commission consider Business Session Item No. 1 first, out of agenda order, before Announcements, Presentations, and Written Communications; the Commission concurred. BUSINESS SESSION >>> taken out of Agenda order 1. RECOMMEND COUNCIL APPROVAL OF FISCAL YEAR 2025/26 INVESTMENT POLICY Principal Management Analyst Hallick presented the staff report, which is on file in the Finance Department. MOTION – A motion was made and seconded by Commissioners Way/Batavick to recommend Council approval of fiscal year 2025/26 investment policy as presented. Motion passed: ayes – 6, noes – 0, abstain – 0, absent – 1 (Dorsey). ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS 1. RECOGNITION OF SERVICE FOR OUTGOING COMMISSIONER BATAVICK Staff commended Mr. Batavick for his dedicated public service, including his guidance and support to newly appointed Commissioners; noted he began his service in 2015 on the former Investment Advisory Board; provided an overview of his participation, 5 CONSENT CALENDAR ITEM NO. 1 FINANCIAL ADVISORY COMMISSION Page 2 of 4 JUNE 4, 2025 SPECIAL MEETING – MINUTES research, and efforts that led to the 2016 voter-approved Measure G, a 1% sales and use tax, to which Mr. Batavick’s contribution was imperative; and presented him with a plaque in gratitude and recognition of his commitment, exemplary service, and contributions to the La Quinta community. The Commission and former Commissioner Richard Mills expressed their gratitude for Mr. Batavick’s distinguished service and wished him luck in his future endeavors. Commissioner Batavick expressed appreciation for the opportunity to serve and reflected on the Commission’s accomplishments. CONSENT CALENDAR ITEMS 1. RECEIVE AND FILE SPECIAL MEETING MINUTES DATED MARCH 26, 2025 2. RECEIVE AND FILE MEETING MINUTES DATED MAY 7, 2025 3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MARCH 31, 2025 ITEM NO. 3: The Commission discussed the federal funding reimbursement process for the Dune Palms Bridge Improvements Project No. 2011-05. At the Commission’s request, staff explained the year-over-year differences in interest revenues; report format; and reinstatement of the Interest Allocation Fund in the report for comparison and consistency. MOTION – A motion was made and seconded by Commissioners Lee/Mast to approve the Consent Calendar as presented. Motion passed: ayes – 6, noes – 0, abstain – 0, absent – 1 (Dorsey). BUSINESS SESSION – Continued 2. RECEIVE AND FILE THE ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR) FOR YEAR ENDED JUNE 30, 2024 Finance Director Martinez presented the staff report, which is on file in the Finance Department. PRESENTER VIA TELECONFERENCE: Assurance Partner Ryan Domino with Lance, Soll & Lunghard, LLP (LSL) – provided a detailed presentation of the audit scope, process, and outcomes; reiterated the City received an unmodified opinion on the City’s financial statements; explained the audit finding related to the late submission of the 6 FINANCIAL ADVISORY COMMISSION Page 3 of 4 JUNE 4, 2025 SPECIAL MEETING – MINUTES Single Audit, which resulted from timing constraints caused by the delay of the year ended June 30, 2023 audit. The Commission discussed overall audit processes, past audit performance, and ongoing corrective actions taken to address any prior year delays. Finance Director Martinez provided a comprehensive overview and key findings of the ACFR for fiscal year 2023/24. The Commission discussed the City’s strong financial position reflects consistent fiscal management by staff, the Commission, and Council; transition of auditing firms, to LSL from Eide Bailly, LLP, and overall performance; working through first-year onboarding challenges; ability for in-person collaboration with LSL staff; and importance of the audit team focusing on material issues. MOTION – A motion was made and seconded by Commissioners Batavick/Lee to receive and file the Annual Comprehensive Financial Report for the year ended June 30, 2024, as presented. Motion passed: ayes – 6, noes – 0, abstain – 0, absent – 1 (Dorsey). 3. RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2024/25 TREASURY REPORTS FOR JANUARY, FEBRUARY, AND MARCH 2025 Principal Management Analyst Hallick presented the staff report, which is on file in the Finance Department. Staff discussed providing a comparative graph to display portfolio performance alongside 1-year and 5-year treasury yields; and interest allocation trends and projected year-end interest earnings using Treasury rate forecasts. The Commission discussed the City’s sources for market and economic data, such as the University of California, Los Angeles (UCLA) Anderson Forecast, daily broker market updates, Federal Reserve data, economic indicators from The Conference Board, news articles, and monthly economic updates from PFM Asset Management a division of U.S. Bank. MOTION – A motion was made and seconded by Commissioners Kiehl/Lee to receive and file the third quarter fiscal year 2024/25 treasury reports for January, February, and March 2025 as presented. Motion passed: ayes – 6, noes – 0, abstain – 0, absent – 1 (Dorsey). 4. DISCUSS FISCAL YEAR 2025/26 PRELIMINARY PROPOSED BUDGET AND APPROVE ALLOCATION OF MEASURE G SALES TAX REVENUE Finance Director Martinez presented the staff report, which is on file in the Finance Department. 7 FINANCIAL ADVISORY COMMISSION Page 4 of 4 JUNE 4, 2025 SPECIAL MEETING – MINUTES The Commission discussed the proposed budget; final expected figures; Measure G sales tax revenue and its impact on the budget; and fiscal year 2025/26 proposed budget will be presented to Council for adoption on June 17, 2025. MOTION – A motion was made and seconded by Commissioners Batavick/Way to approve allocation of Measure G sales tax revenue as presented. Motion passed: ayes – 6, noes – 0, abstain – 0, absent – 1 (Dorsey). STUDY SESSION – None DEPARTMENTAL REPORTS 1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES Staff provided updates on the upcoming interim audit, which will include internal control interviews; upcoming meetings for the Financial Projections Task Force; recent Budget Committee meeting; plans to schedule financial statement and audit training with LSL; and ongoing Boards and Commissions recruitment, including one vacancy on the Commission. COMMISSIONERS’ ITEMS - None ADJOURNMENT There being no further business, it was moved and seconded by Commissioners Mast/Lee to adjourn this meeting at 5:50 p.m. Motion passed: ayes – 6; noes – 0; absent – 1 (Dorsey). Respectfully submitted, Amanda Guerrero, Commission Secretary City of La Quinta, California 8 City of La Quinta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: September 11, 2025 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MAY 31, 2025 RECOMMENDATION Receive and file revenue and expenditure report dated May 31, 2025. EXECUTIVE SUMMARY The report summarizes the City’s year-to-date (YTD) and month-to-date (MTD) revenues and expenditures for May 2025 (Attachment 1). These reports are also reviewed by Council. FISCAL IMPACT – None BACKGROUND/ANALYSIS Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports: Original Total Budget – represents revenue and expenditure budgets the Council adopted in June 2024 for fiscal year 2024/25. Current Total Budget – represents original adopted budgets plus any Council approved budget amendments from throughout the year, including any carryovers from fiscal year 2023/24. Period Activity – represents actual revenues received and expenditures outlaid in the reporting month. Fiscal Activity – represents actual revenues received and expenditures outlaid YTD. Variance Favorable/(Unfavorable) - represents the dollar difference between YTD collections/expenditures and the current budgeted amount. Percent Used – represents the percentage activity as compared to budget YTD. CONSENT CALENDAR ITEM NO. 2 9 Revenues are not received uniformly throughout the year, resulting in peaks and valleys. For example, large property tax payments are usually received in December and May. Similarly, Redevelopment Property Tax Trust Fund payments are typically received in January and June. Any timing imbalance of revenue receipts versus expenditures is funded from the City’s cash flow reserve. Unlike revenues, expenditures are more likely to be consistent from month to month. However, large debt service payments or CIP expenditures can cause swings. Prepared by: Rosemary Hallick, Principal Management Analyst Approved by: Claudia Martinez, Finance Director/City Treasurer Attachment: 1. Revenue and Expenditure Report for May 31, 2025 MTD YTD YTD Percent of Budget YTD YTD Percent of Budget General Fund (GF)$10,371,753 $72,638,676 82.17% $62,613,569 75.55% All Funds $11,843,802 $114,651,839 51.73% $117,842,793 58.14% MTD YTD YTD Percent of Budget YTD YTD Percent of Budget General Fund $7,887,112 $56,792,801 51.44% $48,646,548 47.75% Payroll (GF)$4,927,879 $14,516,073 102.73% $10,417,546 77.80% All Funds $11,594,082 $115,038,315 47.15% $108,377,666 46.26% *Payroll for 2025 includes the $4.0 million pension liability payment sent to CalPERS May 2025 Revenues Comparison to 2024 May 2025 Expenditures Comparison to 2024 General Fund Non-General Fund Transient Occupancy (Hotel) Tax 3,017,100$ Lighting and Landscape District Assessments 430,846$ Property Tax 2,898,635$ County Sales Tax (Measure A)190,711$ Measure G Sales Tax 1,595,277$ SilverRock Green Fees 174,814$ Sales Tax 1,338,934$ Allocated Interest 171,539$ FEMA(1)256,351$ Gas Tax 132,423$ General Fund Non-General Fund Contribution to PERS for Pension Liability 4,000,000$ Capital Improvement Program (CIP) - Construction(2)1,385,572$ Sheriff Contract (March)1,509,930$ SilverRock Maintenance(3)727,223$ Parks Landscape Maintenance Contract 186,964$ CIP - Design(4)381,513$ Contract Legal Services 102,558$ Lighting & Landscape Maintenance Contract 260,250$ Marketing and Tourism Promotions 94,052$ CIP- Professional Services(5)98,353$ (4)CIP Design: Citywide drainage, irrigation master plan, Fritz Burns Park, Cultural Campus, PW Yard, and Avenue 50 bridge. (1)FEMA: This is reimbursement money for repairs/cleanup related to post-tropical storm Hilary in August 2023 (3)CIP Professional Services: Consulting expenses associated with multiple ongoing capital improvement projects. (3)SilverRock Maintenance: Includes turf replacement project Top Five Revenue/Income Sources for May Top Five Expenditures/Outlays for May (2)CIP Construction: Dune Palms bridge and Fritz Burns Park improvements 10 Page 1 of 3 City Council Month Expense & Revenue Report Group Summary For Fiscal: 2024/25 Period Ending: 05/31/2025 Fiscal Activity Variance Favorable (Unfavorable) Period ActivityFun… Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 72,638,675.5210,371,753.0682,714,300.00 88,402,804.00 -15,764,128.48 82.17% 105 - DISASTER RECOVERY FUND 79,148.980.0030,000.00 30,000.00 49,148.98 263.83% 201 - GAS TAX FUND 2,181,734.41132,423.162,589,000.00 2,589,000.00 -407,265.59 84.27% 202 - LIBRARY & MUSEUM FUND 1,986,393.07304.503,143,000.00 3,143,000.00 -1,156,606.93 63.20% 203 - PUBLIC SAFETY FUND (MEASURE G)1,449.750.005,000.00 5,000.00 -3,550.25 29.00% 210 - FEDERAL ASSISTANCE FUND 17.160.00190,000.00 168,933.00 -168,915.84 0.01% 212 - SLESA (COPS) FUND 198,949.4141,666.67103,000.00 103,000.00 95,949.41 193.15% 215 - LIGHTING & LANDSCAPING FUND 3,504,771.60430,846.384,000,500.00 4,000,500.00 -495,728.40 87.61% 221 - AB 939 - CALRECYCLE FUND 67,717.6117,897.7180,000.00 80,000.00 -12,282.39 84.65% 223 - MEASURE A FUND 1,450,745.96190,711.462,025,000.00 2,025,000.00 -574,254.04 71.64% 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)0.000.0013,000.00 13,000.00 -13,000.00 0.00% 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)0.000.005,500.00 5,500.00 -5,500.00 0.00% 230 - CASp FUND, AB 1379 16,298.051,430.0021,000.00 21,000.00 -4,701.95 77.61% 231 - SUCCESSOR AGCY PA 1 RORF 5,177,704.5172.1220,260,000.00 20,260,000.00 -15,082,295.49 25.56% 235 - SO COAST AIR QUALITY FUND 26,211.280.0054,500.00 54,500.00 -28,288.72 48.09% 237 - SUCCESSOR AGCY PA 1 ADMIN 1,483.750.0013,820.00 13,820.00 -12,336.25 10.74% 241 - HOUSING AUTHORITY 1,182,035.6183,928.531,452,000.00 1,452,000.00 -269,964.39 81.41% 243 - RDA LOW-MOD HOUSING FUND 31,085.010.0060,000.00 60,000.00 -28,914.99 51.81% 247 - ECONOMIC DEVELOPMENT FUND 48,584.6212,150.0040,000.00 40,000.00 8,584.62 121.46% 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)79,607.360.0018,000.00 18,000.00 61,607.36 442.26% 250 - TRANSPORTATION DIF FUND 438,971.974,009.00540,000.00 540,000.00 -101,028.03 81.29% 251 - PARKS & REC DIF FUND 119,801.802,106.00253,000.00 253,000.00 -133,198.20 47.35% 252 - CIVIC CENTER DIF FUND 89,676.961,230.00103,000.00 103,000.00 -13,323.04 87.07% 253 - LIBRARY DEVELOPMENT DIF 20,247.00397.0050,000.00 50,000.00 -29,753.00 40.49% 254 - COMMUNITY & CULTURAL CENTERS DIF 57,279.52956.00105,000.00 105,000.00 -47,720.48 54.55% 257 - FIRE PROTECTION DIF 27,371.70369.0053,000.00 53,000.00 -25,628.30 51.64% 259 - MAINTENANCE FACILITIES DIF FUND 29,827.48313.0047,000.00 47,000.00 -17,172.52 63.46% 270 - ART IN PUBLIC PLACES FUND 150,079.2518,879.18158,000.00 158,000.00 -7,920.75 94.99% 299 - INTEREST ALLOCATION FUND 5,006,605.11171,539.370.00 0.00 5,006,605.11 0.00% 310 - LQ FINANCE AUTHORITY DEBT SERVICE -1.100.001,500.00 1,500.00 -1,501.10 0.07% 401 - CAPITAL IMPROVEMENT PROGRAMS 9,497,040.7458,138.1427,218,109.00 82,681,975.06 -73,184,934.32 11.49% 501 - FACILITY & FLEET REPLACEMENT 1,162,291.010.001,705,000.00 1,600,000.00 -437,708.99 72.64% 502 - INFORMATION TECHNOLOGY 2,409,865.8012,804.362,276,708.00 3,200,000.00 -790,134.20 75.31% 503 - PARK EQUIP & FACILITY FUND 767,271.220.00500,000.00 2,100,000.00 -1,332,728.78 36.54% 504 - INSURANCE FUND 1,023,025.150.001,363,230.00 1,371,842.00 -348,816.85 74.57% 601 - SILVERROCK RESORT 4,677,380.58205,784.235,484,500.00 6,634,500.00 -1,957,119.42 70.50% 760 - SUPPLEMENTAL PENSION PLAN 5,451.510.007,000.00 7,000.00 -1,548.49 77.88% 761 - CERBT OPEB TRUST 100,199.890.0040,000.00 40,000.00 60,199.89 250.50% 762 - PARS PENSION TRUST 396,839.3884,092.69200,000.00 200,000.00 196,839.38 198.42% Report Total:11,843,801.56 114,651,838.63156,922,667.00 221,630,874.06 -106,979,035.43 51.73% ATTATCHMENT 1 Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited numbers. 11 Page 2 of 3 City Council Month Expense & Revenue Report Group Summary For Fiscal: 2024/25 Period Ending: 05/31/2025 Fiscal Activity Variance Favorable (Unfavorable) Period ActivityFun… Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 56,792,801.157,887,111.8783,331,665.00 108,295,599.50 51,502,798.35 52.44% 105 - DISASTER RECOVERY FUND 4,993,504.000.000.00 4,993,504.00 0.00 100.00% 201 - GAS TAX FUND 2,180,639.7078,731.723,443,100.00 5,777,102.40 3,596,462.70 37.75% 202 - LIBRARY & MUSEUM FUND 1,494,991.8929,060.862,555,615.00 5,002,841.92 3,507,850.03 29.88% 203 - PUBLIC SAFETY FUND (MEASURE G)0.000.000.00 20,375.54 20,375.54 0.00% 210 - FEDERAL ASSISTANCE FUND 13,915.000.00198,500.00 177,433.00 163,518.00 7.84% 212 - SLESA (COPS) FUND 93,344.250.00100,000.00 100,000.00 6,655.75 93.34% 215 - LIGHTING & LANDSCAPING FUND 3,496,034.27471,636.793,957,700.00 4,538,300.00 1,042,265.73 77.03% 220 - QUIMBY FUND 0.000.000.00 262,685.00 262,685.00 0.00% 221 - AB 939 - CALRECYCLE FUND 87,477.5914,326.44200,000.00 200,000.00 112,522.41 43.74% 223 - MEASURE A FUND 215,620.980.002,335,000.00 4,456,986.26 4,241,365.28 4.84% 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)11,373.330.0012,000.00 12,000.00 626.67 94.78% 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP)4,204.200.005,000.00 5,000.00 795.80 84.08% 230 - CASp FUND, AB 1379 1,312.00489.605,500.00 5,500.00 4,188.00 23.85% 231 - SUCCESSOR AGCY PA 1 RORF 16,681,324.790.004,452,755.00 4,452,755.00 -12,228,569.79 374.63% 235 - SO COAST AIR QUALITY FUND 13,987.880.0040,000.00 40,000.00 26,012.12 34.97% 237 - SUCCESSOR AGCY PA 1 ADMIN 5,655.000.0010,000.00 10,000.00 4,345.00 56.55% 241 - HOUSING AUTHORITY 1,352,770.7796,053.581,715,440.00 1,961,615.00 608,844.23 68.96% 243 - RDA LOW-MOD HOUSING FUND 300,800.000.00250,000.00 350,000.00 49,200.00 85.94% 247 - ECONOMIC DEVELOPMENT FUND 5,170.740.0031,500.00 31,500.00 26,329.26 16.42% 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)746,407.310.00250,000.00 657,003.00 -89,404.31 113.61% 250 - TRANSPORTATION DIF FUND 405,499.790.001,579,109.00 2,837,567.34 2,432,067.55 14.29% 251 - PARKS & REC DIF FUND 62,573.440.000.00 843,615.24 781,041.80 7.42% 252 - CIVIC CENTER DIF FUND 0.000.000.00 249,925.00 249,925.00 0.00% 253 - LIBRARY DEVELOPMENT DIF 11,910.000.0015,000.00 15,000.00 3,090.00 79.40% 254 - COMMUNITY & CULTURAL CENTERS DIF 0.000.00500,000.00 625,000.00 625,000.00 0.00% 259 - MAINTENANCE FACILITIES DIF FUND 0.000.00100,000.00 280,000.00 280,000.00 0.00% 270 - ART IN PUBLIC PLACES FUND 172,748.583,074.00233,000.00 741,798.97 569,050.39 23.29% 310 - LQ FINANCE AUTHORITY DEBT SERVICE 0.000.001,500.00 1,500.00 1,500.00 0.00% 401 - CAPITAL IMPROVEMENT PROGRAMS 15,335,753.521,877,437.1327,218,109.00 80,705,498.86 65,369,745.34 19.00% 501 - FACILITY & FLEET REPLACEMENT 1,492,689.6336,313.161,628,750.00 2,665,833.55 1,173,143.92 55.99% 502 - INFORMATION TECHNOLOGY 1,914,586.64156,390.483,217,945.00 3,367,945.00 1,453,358.36 56.85% 503 - PARK EQUIP & FACILITY FUND 700,498.672,424.752,000,000.00 2,700,000.00 1,999,501.33 25.94% 504 - INSURANCE FUND 1,047,073.99572.171,058,000.00 1,058,000.00 10,926.01 98.97% 601 - SILVERROCK RESORT 5,358,458.23937,603.705,365,000.00 6,515,000.00 1,156,541.77 82.25% 760 - SUPPLEMENTAL PENSION PLAN 12,832.860.0012,850.00 12,850.00 17.14 99.87% 761 - CERBT OPEB TRUST 1,184.340.001,500.00 1,500.00 315.66 78.96% 762 - PARS PENSION TRUST 31,170.142,855.8130,000.00 30,000.00 -1,170.14 103.90% Report Total:11,594,082.06 115,038,314.68145,854,538.00 244,001,234.58 128,962,919.90 47.15% Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited numbers. 12 Fund #Name Notes 101 General Fund The primary fund of the City used to account for all revenue and expenditures of the City; a broad range of municipal activities are provided through this fund. 105 Disaster Recovery Fund Accounts for use of one-time federal funding designed to deliver relief to American workers and aid in the economic recovery iin the wake of COVID-19. The American Rescue Plan Act (ARPA) was passed by Congress in 2021 to provide fiscal recovery funds to state and local governments. 201 Gas Tax Fund Gasoline sales tax allocations received from the State which are restricted to street-related expenditures. 202 Library and Museum Fund Revenues from property taxes and related expenditures for library and museum services. 203 Public Safety Fund General Fund Measure G sales tax revenue set aside for public safety expenditures. 210 Federal Assistance Fund Community Development Block Grant (CDBG) received from the federal government and the expenditures of those resources. 212 SLESF (COPS) Fund Supplemental Law Enforcement Services Funds (SLESF) received from the State for law enforcement activities. Also known as Citizen's Option for Public Safety (COPS). 215 Lighting & Landscaping Fund Special assessments levied on real property for city-wide lighting and landscape maintenance/improvements and the expenditures of those resources. 220 Quimby Fund Developer fees received under the provisions of the Quimby Act for park development and improvements. 221 AB939 Fund/Cal Recycle Franchise fees collected from the city waste hauler that are used to reduce waste sent to landfills through recycling efforts. Assembly Bill (AB) 939. 223 Measure A Fund County sales tax allocations which are restricted to street-related expenditures. 224 TUMF Fund Developer-paid Transportation Uniform Mitigation Fees (TUMF) utilized for traffic projects in Riverside County. 225 Infrastructure Fund Developer fees for the acquisition, construction or improvement of the City’s infrastructure as defined by Resolution 226 Emergency Mgmt. Performance Grant (EMPG)Federal Emergency Management Agency (FEMA) grant for emergency preparedness. 227 State Homeland Security Programs (SHSP)Federal Emergency Management Agency (FEMA) grant for emergency preparedness. 230 CASP Fund, AB1379 / SB1186 Certified Access Specialist (CASp) program fees for ADA Accessibility Improvements; derived from Business License renewals. Assembly Bill (AB) 1379 and Senate Bill (SB) 1186. 231 Successor Agency PA 1 RORF Fund Successor Agency (SA) Project Area (PA) 1 Redevelopment Obligation Retirement Fund (RORF) for Redevelopment Property Tax Trust Fund (RPTTF) taxes received for debt service payments on recognized obligations of the former Redevelopment Agency (RDA). 235 SO Coast Air Quality Fund (AB2766, PM10)Contributions from the South Coast Air Quality Management District. Uses are limited to the reduction and control of airborne pollutants. Assembly Bill (AB) 2766. 237 Successor Agency PA 1 Admin Fund Successor Agency (SA) Project Area (PA) 1 for administration of the Recognized Obligation Payment Schedule (ROPS) associated with the former Redevelopment Agency (RDA). 241 Housing Authority Activities of the Housing Authority which is to promote and provide quality affordable housing. 243 RDA Low-Moderate Housing Fund Activities of the Housing Authority which is to promote and provide quality affordable housing. Accounts for RDA loan repayments (20% for Housing) and housing programs,. 244 Housing Grants Activites related Local Early Action Planning (LEAP) and SB2 grants for housing planning and development. 247 Economic Development Fund Proceeds from sale of City-owned land and transfers from General Fund for future economic development. 249 SA 2011 Low/Mod Bond Fund Successor Agency (SA) low/moderate housing fund; 2011 bonds refinanced in 2016. 250 Transportation DIF Fund Developer impact fees collected for specific public improvements - transportation related. 251 Parks & Rec. DIF Fund Developer impact fees collected for specific public improvements - parks and recreation. 252 Civic Center DIF Fund Developer impact fees collected for specific public improvements - Civic Center. 253 Library Development DIF Fund Developer impact fees collected for specific public improvements - library. 254 Community Center DIF Fund Developer impact fees collected for specific public improvements - community center. 255 Street Facility DIF Fund Developer impact fees collected for specific public improvements - streets. 256 Park Facility DIF Fund Developer impact fees collected for specific public improvements - parks. 257 Fire Protection DIF Fund Developer impact fees collected for specific public improvements - fire protection. 259 Maintenance Facilities DIF Fund Developer impact fees collected for specific public improvements - maintenance facilities. 270 Art In Public Places Fund Developer fees collected in lieu of art placement; utilized for acquisition, installation and maintenance of public artworks. 275 LQ Public Safety Officer Fund Annual transfer in from General Fund; distributed to public safety officers disabled or killed in the line of duty. 299 Interest Allocation Fund Interest earned on investments. 310 LQ Finance Authority Debt Service Fund Accounted for the debt service the Financing Authority’s outstanding debt and any related reporting requirements. This bond was fully paid in October 2018. 401 Capital Improvement Program Fund Planning, design, and construction of various capital projects throughout the City. 405 SA PA 1 Capital Improvement Fund Successor Agency (SA) Project Area (PA) 1 bond proceeds restricted by the bond indenture covenants. Used for SilverRock infrastructure improvements. 501 Equipment Replacement Fund Internal Service Fund for vehicles, heavy equipment, and related facilities. 502 Information Technology Fund Internal Service Fund for computer hardware and software and phone systems. 503 Park Equipment & Facility Fund Internal Service Fund for park equipment and facilities. 504 Insurance Fund Internal Service Fund for city-wide insurance coverages. 601 SilverRock Resort Fund Enterprise Fund for activities of the city-owned golf course. 602 SilverRock Golf Reserve Fund Enterprise Fund for golf course reserves for capital improvements. 760 Supplemental Pension Plan (PARS Account)Supplemental pension savings plan for excess retiree benefits to general employees of the City. 761 Other Post Benefit Obligation Trust (OPEB)For retiree medical benefits and unfunded liabilities. 762 Pension Trust Benefit (PARS Account)For all pension-related benefits and unfunded liabilities. Fund Descriptions Page 3 of 3 13 14 City of La Quinta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: September 11, 2025 STAFF REPORT AGENDA TITLE: APPOINT MEMBERS OF THE FINANCIAL ADVISORY COMMISSION TO SERVE AS CHAIRPERSON AND VICE CHAIRPERSON FOR FISCAL YEAR 2025/26 RECOMMENDATION Appoint members of the Financial Advisory Commission to serve as Chairperson and Vice Chairperson for fiscal year 2025/26. EXECUTIVE SUMMARY Pursuant to La Quinta Municipal Code (LQMC) Section 2.06.050, the Financial Advisory Commission (Commission) shall vote to appoint two of its members to serve as Chairperson and Vice Chairperson at its first meeting held after June 30th of each year. The September 11, 2025, meeting is the first scheduled meeting of the Commission for fiscal year 2025/26. FISCAL IMPACT – None. BACKGROUND/ANALYSIS In accordance with LQMC Section 2.06.050, “unless otherwise provided by law, ordinance or resolution of the City Council, each Board, Commission and Committee shall choose one of its members as Chairperson and one as Vice Chairperson at its first meeting held after June 30th of each year.” The following Commission members have held these positions in the past six years: FISCAL YEAR CHAIRPERSON VICE CHAIRPERSON 2019/20 W. Richard Mills Daniel Twohey 2020/21 W. Richard Mills Daniel Twohey 2021/22 George Batavick W. Richard Mills 2022/23 W. Richard Mills Keith Dorsey 2023/24 Keith Dorsey Brian Anderson 2024/25 Keith Dorsey Brian Anderson BUSINESS SESSION ITEM NO. 1 15 Voting Procedures: All actions must be taken on a majority vote or by a majority of the quorum present. On the passage of every motion, the vote shall be taken by voice or roll call as appropriate. The presiding Chairperson will open and close nominations to the Commission for Chairperson and Vice Chairperson. The vote will be taken, and the Chairperson and Vice Chairperson appointed. Tie Votes: In the case of a tie vote, an additional motion shall be made to obtain a majority vote to break the tie. If a tie vote results at a time when less than all members are present, the matter shall automatically be continued to the next regular meeting, unless otherwise ordered by the Commission. ALTERNATIVES As this action is required by the LQMC staff does not recommend an alternative. Prepared by: Claudia Martinez, Finance Director/City Treasurer 16 City of La Quinta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: September 11, 2025 STAFF REPORT AGENDA TITLE: APPOINT MEMBERS OF THE FINANCIAL ADVISORY COMMISSION TO SERVE ON THE MEASURE G SALES TAX OVERSIGHT COMPLIANCE SUBCOMMITTEE TO AUDIT AND FORMULATE THE ANNUAL MEASURE G SALES TAX OVERSIGHT COMPLIANCE REPORT FOR FISCAL YEAR 2024/25 RECOMMENDATION Appoint members of the Financial Advisory Commission to serve on the Measure G Sales Tax Oversight Subcommittee to audit and formulate the annual Measure G Sales Tax Oversight Compliance Report for Fiscal Year 2024/25. EXECUTIVE SUMMARY Measure G, the one percent (1%) Transactions and Use Tax measure, was approved by voters at the November 8, 2016, General Election and subsequently adopted by resolution on December 20, 2016, with an effective date of April 1, 2017. Revenues generated by Measure G are subject to independent citizen oversight to ensure accountability and transparency. Staff recommends the Financial Advisory Commission (Commission) appoint two of its members to serve on the Measure G Sales Tax Oversight Subcommittee (Subcommittee) to verify revenue and expenses associated with Measure G funds for fiscal year (FY) 2024/25 The Subcommittee shall prepare a report and present their findings to the Commission on November 5, 2025, and to Council on December 2, 2025. BACKGROUND/ANALYSIS Measure G was approved on November 8, 2016, and adopted by resolution on December 20, 2016, with an effective date of April 1, 2017. Revenues generated by Measure G are subject to independent citizen oversight to ensure accountability and transparency. Starting in June 2017, Measure G funds have been received monthly. Staff recommends appointing two members of the Commission to serve on the Subcommittee. Staff and the Subcommittee shall present a report to the Commission on November 5, 2025, for discussion and confirmation, prior to presenting the report to Council for review and BUSINESS SESSION ITEM NO. 2 17 consideration on December 2, 2025. Staff anticipates up to two meetings, approximately two hours each, over the next month. The review will include the following: 1.A review of revenue received during fiscal year 2024/25 2. A review of approved use of funds for capital projects, reserves, and contract services 3. A review of proposed future uses 4. A review of current funds available for appropriation 5. A review of the proposed FY 2024/25 financial statement balance and disclosure ALTERNATIVES The Commission may elect to appoint up to three of its members to serve on the Subcommittee. Prepared by: Claudia Martinez, Finance Director/City Treasurer 18 City of La Quinta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: September 11, 2025 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE FOURTH QUARTER FISCAL YEAR 2024/25 TREASURY REPORTS FOR APRIL, MAY, AND JUNE 2025 RECOMMENDATION Receive and file the fourth quarter fiscal year 2024/25 Treasury Reports for April, May, and June 2025. BACKGROUND/ANALYSIS Commentary and Summary of Significant Activity The total book value of the portfolio increased approximately $24.9 million from $276.5 million at the end of March to $301.4 million at the end of June. In addition to normal operating revenue and expenditures, the City received reimbursement funds for the Dune Palms Bridge Project, and a $15.12 million Redevelopment Property Tax Trust Fund (RPTTF) pass-through apportionment payment which funds debt service obligations that will be paid in August. The portfolio is within policy limits for investment types and total allocation by type and is also within policy guidelines for investment ratings. The chart below shows the portfolio policy compliance as measured in market value. The total market value of the portfolio increased $25.7 million from $275.8 million in March to $301.5 million in June. This variance differs from the book value increase due to market valuation fluctuations in response to interest rates. Treasury yields in the middle of the curve were lower in June as compared to March, which increases the value of holdings with higher coupon values. The City generally follows a buy-and-hold strategy for BUSINESS SESSION ITEM NO. 3 19 value of holdings with higher coupon values. The City generally follows a buy-and-hold strategy for long-term investments, and maintains a cash reserve to cover operational needs, and therefore market valuation fluctuations are not a concern regarding the ability to meet ongoing cash-flow needs. Treasury Rates The annualized total rate of return averaged 3.80% for the quarter and the portfolio yield to maturity was 3.76%. Total interest received for the quarter was $3.66 million, which includes interest received from the California Asset Management Program (CAMP) term investment that matured in June. City staff routinely evaluates liquidity needs while also monitoring market trends. We are closely watching the treasury market, which has experienced notable yield fluctuations over the past year. Significant decreases in yields from June 2024 to September 2024 in anticipation of federal rate cuts were followed by an upward trend to the end of December 2024 amid policy expectations of the new federal administration. However, since December, the general trend has been a decrease in yields as the markets digested various tariff, regulatory, and economic news. We are continuing to utilize the CAMP pool, which is yielding more than the Local Agency Investment Fund (LAIF), for short-term investing, but may shift money between the funds as appropriate. The City also continues to use a sweep function on both our operating account and our custody bank cash account, whereby funds are placed into highly-rated government funds (Invesco Treasury Portfolio – ticker TYCXX and First American Treasury Fund – ticker FUZXX) that earn interest until such time that money is reinvested or used for operations. We will continue to monitor these funds as well, and utilize longer-term investments as the short-term yield environment responds to the Fed’s actions in regard to the federal funds rate. Throughout the quarter, six federal agency bonds, twelve CDs, and one CAMP term matured, and four agency bonds were called. Nine federal agency bonds, five treasuries, Date 1 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 10 yr 30 yr 3/31/2025 4.38 4.32 4.23 4.03 3.89 3.89 3.96 4.23 4.59 4/30/2025 4.35 4.31 4.19 3.85 3.60 3.58 3.72 4.17 4.66 5/30/2025 4.33 4.36 4.36 4.11 3.89 3.87 3.96 4.41 4.92 6/30/2025 4.28 4.41 4.29 3.96 3.72 3.68 3.79 4.24 4.78 Total Interest Received Average Days to Maturity Yield To Maturity Annualized Total Rate of Return April 730,824$ 582 3.77% 3.70% May 653,349$ 581 3.76% 3.85% June 2,279,951$ 550 3.76% 3.85% Quarter 4 3,664,124$ 571 3.76% 3.80% Quarter 3 2024/25 2,317,290$ 578 3.72% 3.75% Quarter 2 2024/25 1,730,016$ 616 3.66% 3.76% Quarter 1 2024/25 1,998,617$ 572 3.82% 3.87% 20 and five CDs were purchased. Maturities and purchases are listed in detail in the attached reports. Other Notes Money market funds with the fiscal agent are bond proceeds subject to bond indentures, not the City’s investment policy. Successor Agency (SA) funds cannot be invested long- term; therefore, SA funds are only invested in LAIF. Looking Ahead The Treasurer follows a “buy and hold” Investment Policy, unless it is fiscally advantageous to actively trade outside of maturity dates. In the short term, the Treasurer will invest in Money Market/Mutual Funds, CAMP, LAIF, and U.S. Treasuries as needed. Longer term investments may include Government Sponsored Enterprise (agencies) securities, U.S. Treasuries, Corporate Notes, and Negotiable Certificates of Deposits. All investments recognize both immediate and long-term cash flow needs, and there is sufficient liquidity in the portfolio to meet expenditure requirements for the next six months. ALTERNATIVES - None Prepared by: Rosemary Hallick, Principal Management Analyst Approved by: Claudia Martinez, Finance Director/City Treasurer Attachment: 1. Treasurer’s Report for April 1, 2025 to June 30, 2025 21 ATTACHMENT 1 22 City of La Quinta | CA Portfolio Holdings Investment Portfolio | by Security Sector Report Format: By Transaction Group By: Security Sector Average By: Face Amount / Shares Portfolio / Report Group: All Portfolios As of 4/30/2025 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Cash BMO Bank | LQ Palms Realty Cash LQPR1935 3/31/2024 0.000 230,074.99 230,074.99 230,074.99 230,074.99 N/A 1 0.08 BMO Suntrust | Dune Palms Cash DPME4741-3599 3/31/2024 0.000 1,251,359.37 1,251,359.37 1,251,359.37 1,251,359.37 N/A 1 0.45 City of La Quinta Cash PETTYCASH 3/31/2024 0.000 3,300.00 3,300.00 3,300.00 3,300.00 N/A 1 0.00 Sub Total / Average Cash 0.000 1,484,734.36 1,484,734.36 1,484,734.36 1,484,734.36 1 0.00 0.53 Certificate Of Deposit Advantage Credit Union IA 4.45 7/31/2028 00790UAE7 7/31/2024 4.450 249,000.00 249,000.00 249,000.00 251,549.76 7/31/2028 1,188 0.00 0.09 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 3/17/2023 4.900 248,000.00 248,000.00 248,000.00 253,381.60 3/17/2028 1,052 432.81 0.09 Alabama Credit Union 5 6/22/2026 01025RAG4 6/20/2023 5.000 248,000.00 248,000.00 248,000.00 250,643.68 6/22/2026 418 339.73 0.09 All In FCU AL 4.4 12/20/2027 01664MAB2 12/20/2022 4.400 248,000.00 248,000.00 248,000.00 249,857.52 12/20/2027 964 298.96 0.09 Alliant Credit Union IL 5 12/30/2027 01882MAC6 12/30/2022 5.000 247,000.00 247,000.00 247,000.00 252,606.90 12/30/2027 974 0.00 0.09 Altaone FCU CA 4.45 7/19/2029 02157RAA5 7/19/2024 4.450 249,000.00 249,000.00 249,000.00 251,900.85 7/19/2029 1,541 880.37 0.09 Amerant Bank, NA FL 1.6 2/16/2027 02357QAQ0 2/14/2022 1.600 245,000.00 245,000.00 245,000.00 234,540.95 2/16/2027 657 805.48 0.09 American Express Nat'l Bank 3.45 7/27/2027 02589ADH2 8/29/2022 3.450 245,000.00 245,000.00 245,000.00 241,584.70 7/27/2027 818 2,153.65 0.09 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 9/21/2022 3.800 248,000.00 248,000.00 248,000.00 246,308.64 9/21/2027 874 748.76 0.09 Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 7/19/2023 4.400 248,000.00 248,000.00 248,000.00 256,439.44 7/19/2028 1,176 328.85 0.09 Ballston Spa Nat'l Bank NY 4.8 11/24/2026 058723AQ0 5/24/2024 4.800 248,000.00 248,000.00 248,000.00 250,710.64 11/24/2026 573 195.68 0.09 Bank Five Nine WI 4.25 5/12/2028 062119BT8 5/12/2023 4.250 248,000.00 248,000.00 248,000.00 249,046.56 5/12/2028 1,108 519.78 0.09 Bank of America 5.2 12/8/2025 06051XEF5 6/6/2024 5.200 243,000.00 243,000.00 243,000.00 244,555.20 12/8/2025 222 5,019.78 0.09 Bank of the Sierra CA 4.6 3/15/2027 064860MC0 3/15/2023 4.600 244,000.00 244,000.00 244,000.00 246,083.76 3/15/2027 684 1,414.53 0.09 23 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Bankers Bank WI 4.15 5/24/2028 06610RCA5 5/24/2023 4.150 248,000.00 248,000.00 248,000.00 248,332.32 5/24/2028 1,120 169.18 0.09 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 6/21/2024 4.500 248,000.00 248,000.00 248,000.00 251,298.40 6/21/2029 1,513 275.18 0.09 Baxter Credit Union IL 4.35 8/22/2028 07181JBH6 8/22/2024 4.350 248,000.00 248,000.00 248,000.00 249,795.52 8/22/2028 1,210 236.45 0.09 Beal Bank TX 1.9 2/17/2027 07371AYE7 2/23/2022 1.900 245,000.00 245,000.00 245,000.00 235,792.90 2/17/2027 658 841.73 0.09 Beal Bank USA NV 1.9 2/17/2027 07371CE88 2/23/2022 1.900 245,000.00 245,000.00 245,000.00 235,792.90 2/17/2027 658 841.73 0.09 Blue Ridge Bank, NA VA 4.2 2/28/2028 09582YAF9 2/28/2023 4.200 244,000.00 244,000.00 244,000.00 244,607.56 2/28/2028 1,034 1,712.68 0.09 BNY Mellon, NA PA 4.5 9/7/2028 05584CJJ6 9/7/2023 4.500 244,000.00 244,000.00 244,000.00 246,764.52 9/7/2028 1,226 1,624.44 0.09 Bridgewater Bank MN 4.85 3/29/2027 108622NJ6 3/29/2023 4.850 248,000.00 248,000.00 248,000.00 251,437.28 3/29/2027 698 32.95 0.09 California Credit Union CA 5.1 6/30/2025 130162BL3 12/28/2023 5.100 244,000.00 244,000.00 244,000.00 244,322.08 6/30/2025 61 4,193.46 0.09 Capital One, NA 1.1 11/17/2026 14042RQB0 11/17/2021 1.100 248,000.00 248,000.00 248,000.00 237,026.00 11/17/2026 566 1,225.73 0.09 Carter Bank & Trust 4.55 7/5/2029 146102AS7 7/5/2024 4.550 248,000.00 248,000.00 248,000.00 251,801.84 7/5/2029 1,527 772.88 0.09 Carter FCU LA 0.75 4/27/2026 14622LAA0 4/27/2021 0.750 248,000.00 248,000.00 248,000.00 240,545.12 4/27/2026 362 15.29 0.09 Celtic Bank UT 3.65 9/26/2029 15118RR33 9/26/2024 3.650 248,000.00 248,000.00 248,000.00 243,015.20 9/26/2029 1,610 99.20 0.09 Central Bank AK 4 5/12/2028 152577BN1 5/12/2023 4.000 248,000.00 248,000.00 248,000.00 247,280.80 5/12/2028 1,108 489.21 0.09 cfsbank PA 4.7 11/30/2027 12526AAM9 5/30/2024 4.700 244,000.00 244,000.00 244,000.00 247,513.60 11/30/2027 944 4,744.30 0.09 Chartway FCU VA 4.9 6/9/2026 16141BAC5 6/9/2023 4.900 248,000.00 248,000.00 248,000.00 250,266.72 6/9/2026 405 699.16 0.09 Chippewa Valley Bank WI 0.6 6/24/2025 169894AS1 6/24/2020 0.600 248,000.00 248,000.00 248,000.00 246,698.00 6/24/2025 55 24.46 0.09 CIBC Bank USA IL 4.35 5/16/2028 12547CBJ6 5/16/2023 4.350 244,000.00 244,000.00 244,000.00 245,678.72 5/16/2028 1,112 4,798.11 0.09 Comenity Capital Bank UT 2.65 4/14/2027 20033A3A2 4/14/2022 2.650 248,000.00 248,000.00 248,000.00 241,264.32 4/14/2027 714 288.09 0.09 ConnectOne Bank NJ 0.8 9/24/2026 20786ADL6 9/24/2021 0.800 248,000.00 248,000.00 248,000.00 236,981.36 9/24/2026 512 32.61 0.09 Connexus Credit Union WI 1.25 12/23/2026 20825WAR1 12/23/2021 1.250 249,000.00 249,000.00 249,000.00 237,802.47 12/23/2026 602 0.00 0.09 Cornerstone Comm. FCU NY 3.7 10/1/2029 21923MAB7 9/30/2024 3.700 248,000.00 248,000.00 248,000.00 243,521.12 10/1/2029 1,615 0.00 0.09 County Schools FCU CA 4.4 9/30/2027 22258JAB7 9/30/2022 4.400 248,000.00 248,000.00 248,000.00 249,708.72 9/30/2027 883 0.00 0.09 Covantage Credit Union WI 4.2 8/7/2028 22282XAD2 8/6/2024 4.200 247,000.00 247,000.00 247,000.00 247,728.65 8/7/2028 1,195 2,359.02 0.09 Cross River Bank NJ 4.5 4/26/2027 227563GC1 4/26/2024 4.500 244,000.00 244,000.00 244,000.00 245,764.12 4/26/2027 726 120.33 0.09 24 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Customers Bank PA 4.5 6/14/2028 23204HPB8 6/14/2023 4.500 244,000.00 244,000.00 244,000.00 246,718.16 6/14/2028 1,141 4,121.26 0.09 Cy-Fair FCU TX 4.5 5/12/2028 23248UAB3 5/12/2023 4.500 248,000.00 248,000.00 248,000.00 250,812.32 5/12/2028 1,108 550.36 0.09 Direct FCU MA 4.8 11/8/2027 25460FDW3 11/7/2022 4.800 248,000.00 248,000.00 248,000.00 252,183.76 11/8/2027 922 750.12 0.09 Discover Bank 3.1 5/27/2025 254673E69 5/24/2022 3.100 245,000.00 245,000.00 245,000.00 244,786.85 5/27/2025 27 3,266.89 0.09 Dort Financial Credit Union MI 4.5 12/16/2027 25844MAK4 12/16/2022 4.500 247,000.00 247,000.00 247,000.00 249,465.06 12/16/2027 960 883.11 0.09 EagleBank MD 4.05 4/16/2030 27002YHQ2 4/16/2025 4.050 248,000.00 248,000.00 248,000.00 246,888.96 4/16/2030 1,812 385.25 0.09 Eaglemark Savings Bank NV 2 3/2/2027 27004PCM3 3/2/2022 2.000 245,000.00 245,000.00 245,000.00 235,910.50 3/2/2027 671 792.05 0.09 Empower FCU NY 5.25 11/15/2028 291916AJ3 11/15/2023 5.250 247,000.00 247,000.00 247,000.00 256,151.35 11/15/2028 1,295 710.55 0.09 Enterprise Bank PA 4.6 6/7/2029 29367RND4 6/7/2024 4.600 248,000.00 248,000.00 248,000.00 252,203.60 6/7/2029 1,499 718.86 0.09 EverBank, NA f/k/a TIAA FSB 0.5 2/12/2026 87270LDL4 2/12/2021 0.500 245,000.00 245,000.00 245,000.00 238,279.65 2/12/2026 288 258.42 0.09 Evergreen Bank Group IL 3.85 7/27/2026 300185LM5 1/27/2023 3.850 248,000.00 248,000.00 248,000.00 247,365.12 7/27/2026 453 78.48 0.09 Fahey Banking Company 4.2 8/30/2027 303117DN2 2/28/2025 4.200 248,000.00 248,000.00 248,000.00 248,577.84 8/30/2027 852 57.07 0.09 Farmers & Merchants Bank of Colby 4.4 7/5/2029 30781JBU3 7/5/2024 4.400 248,000.00 248,000.00 248,000.00 250,375.84 7/5/2029 1,527 747.40 0.09 Farmers & Merchants Bank WI0.9 7/14/2025 307811DF3 1/14/2022 0.900 249,000.00 249,000.00 249,000.00 247,279.41 7/14/2025 75 98.24 0.09 Farmers Insurance Group FCU 5.4 7/28/2025 30960QAR8 7/26/2023 5.400 248,000.00 248,000.00 248,000.00 248,664.64 7/28/2025 89 146.76 0.09 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 4/30/2021 0.700 248,000.00 248,000.00 248,000.00 239,870.56 4/30/2026 365 0.00 0.09 Fieldpoint Private B&T CT 4 9/4/2026 31657FBA4 9/4/2024 4.000 248,000.00 248,000.00 248,000.00 247,781.76 9/4/2026 492 706.63 0.09 First Bank Elk River MN 4.4 6/30/2028 31911KAK4 6/30/2023 4.400 248,000.00 248,000.00 248,000.00 254,745.60 6/30/2028 1,157 0.00 0.09 First Bank NJ 4.45 12/26/2025 319137CB9 12/28/2023 4.450 244,000.00 244,000.00 244,000.00 244,544.12 12/26/2025 240 3,659.00 0.09 First Federal Savings IN 4.25 7/9/2026 32021YEV1 2/9/2024 4.250 248,000.00 248,000.00 248,000.00 248,548.08 7/9/2026 435 606.41 0.09 First Internet Bank of Indiana 1 5/12/2025 32056GDJ6 5/11/2020 1.000 248,000.00 248,000.00 248,000.00 247,732.16 5/12/2025 12 129.10 0.09 First Nat'l Bank of America MI 3.75 10/30/2028 32110YQ24 10/30/2024 3.750 248,000.00 248,000.00 248,000.00 244,996.72 10/30/2028 1,279 0.00 0.09 First Service CU f/k/a SPCO TX 4.35 1/20/2028 78472EAB0 1/20/2023 4.350 249,000.00 249,000.00 249,000.00 250,601.07 1/20/2028 995 296.75 0.09 Forbright Bank MD 4.6 11/2/2027 34520LAT0 11/2/2022 4.600 248,000.00 248,000.00 248,000.00 250,948.72 11/2/2027 916 875.13 0.09 Four Points FCU 4.55 5/11/2026 35089LAF0 5/10/2023 4.550 248,000.00 248,000.00 248,000.00 249,247.44 5/11/2026 376 618.30 0.0925 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Genesee Regional Bank NY 4.2 12/28/2026 37173RAL7 12/27/2023 4.200 244,000.00 244,000.00 244,000.00 244,466.04 12/28/2026 607 3,481.51 0.09 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 011852AE0 3/8/2023 4.600 248,000.00 248,000.00 248,000.00 251,335.60 3/8/2028 1,043 687.61 0.09 Golden State Bank CA 4.45 6/22/2027 38120MCA2 6/22/2023 4.450 249,000.00 249,000.00 249,000.00 250,785.33 6/22/2027 783 242.86 0.09 Goldman Sachs Bank USA 1 7/28/2026 38149MXK4 7/28/2021 1.000 248,000.00 248,000.00 248,000.00 238,633.04 7/28/2026 454 625.10 0.09 Greenstate Credit Union IA 0.95 4/16/2026 39573LBC1 4/16/2021 0.950 249,000.00 249,000.00 249,000.00 241,729.20 4/16/2026 351 187.94 0.09 Healthcare Systems FCU VA 5.1 10/27/2028 42228LAN1 10/27/2023 5.100 248,000.00 248,000.00 248,000.00 255,851.68 10/27/2028 1,276 103.96 0.09 Ideal Credit Union MN 4.5 12/29/2027 45157PAZ3 12/29/2022 4.500 248,000.00 248,000.00 248,000.00 250,522.16 12/29/2027 973 886.68 0.09 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 6/29/2023 4.700 248,000.00 248,000.00 248,000.00 251,075.20 6/29/2027 790 31.93 0.09 Knoxville TVA Employees Credit Union 4.85 8/25/202 499724AP7 8/25/2023 4.850 248,000.00 248,000.00 248,000.00 253,656.88 8/25/2028 1,213 955.65 0.09 Lafayette FCU MD 4.1 3/28/2029 50625LCA9 3/28/2025 4.100 248,000.00 248,000.00 248,000.00 247,593.28 3/28/2029 1,428 55.72 0.09 Latino Community Credit Union NC 4.5 12/21/2027 51828MAC8 12/21/2022 4.500 248,000.00 248,000.00 248,000.00 250,480.00 12/21/2027 965 275.18 0.09 Leaders Credit Union TN 5.1 10/30/2028 52171MAM7 10/30/2023 5.100 248,000.00 248,000.00 248,000.00 255,891.36 10/30/2028 1,279 0.00 0.09 Legacy Bank & Trust Co. MO 4.5 9/27/2028 52470QEC4 9/27/2023 4.500 248,000.00 248,000.00 248,000.00 250,985.92 9/27/2028 1,246 91.73 0.09 Legends Bank TN 3.75 9/11/2028 52465JKL0 9/11/2024 3.750 248,000.00 248,000.00 248,000.00 245,133.12 9/11/2028 1,230 484.11 0.09 Liberty First Credit Union NE 4.5 2/22/2028 530520AH8 2/21/2023 4.500 248,000.00 248,000.00 248,000.00 250,611.44 2/22/2028 1,028 886.68 0.09 Maine Community Bank 3.75 8/30/2027 560390DC7 8/30/2024 3.750 248,000.00 248,000.00 248,000.00 246,073.04 8/30/2027 852 0.00 0.09 Maine Savings FCU 4.8 7/21/2028 560507AQ8 7/21/2023 4.800 248,000.00 248,000.00 248,000.00 253,148.48 7/21/2028 1,178 293.52 0.09 Marathon Bank WI 1.8 3/16/2027 565819AG4 3/16/2022 1.800 248,000.00 248,000.00 248,000.00 237,735.28 3/16/2027 685 171.22 0.09 Marine FCU NC 4 8/31/2026 56824JBC7 8/30/2024 4.000 248,000.00 248,000.00 248,000.00 247,784.24 8/31/2026 488 0.00 0.09 Medallion Bank UT 4.85 10/20/2028 58404DTP6 10/20/2023 4.850 248,000.00 248,000.00 248,000.00 257,982.00 10/20/2028 1,269 329.53 0.09 Merrick Bank UT 1.1 11/9/2026 59013KPN0 11/9/2021 1.100 249,000.00 249,000.00 249,000.00 238,058.94 11/9/2026 558 157.59 0.09 Metro Credit Union MA 1.7 2/18/2027 59161YAP1 2/18/2022 1.700 249,000.00 249,000.00 249,000.00 238,656.54 2/18/2027 659 336.32 0.09 Mid Carolina Credit Union SC 4.85 3/13/2026 59524LAA4 3/13/2023 4.850 248,000.00 248,000.00 248,000.00 249,966.64 3/13/2026 317 560.21 0.09 Milestone Bk f/k/a LCA UT 1 6/26/2026 501798RP9 12/27/2021 1.000 248,000.00 248,000.00 248,000.00 239,498.56 6/26/2026 422 842.52 0.09 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 5/1/2023 4.250 248,000.00 248,000.00 248,000.00 248,716.72 5/3/2027 733 837.42 0.0926 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Money One FCU MD 5 9/14/2028 60936TAL3 9/14/2023 5.000 248,000.00 248,000.00 248,000.00 254,869.60 9/14/2028 1,233 543.56 0.09 Morgan Stanley Bank, NA 4.25 3/5/2030 61690DT40 3/5/2025 4.250 244,000.00 244,000.00 244,000.00 244,936.96 3/5/2030 1,770 1,591.01 0.09 Morgan Stanley Private Bank 4.25 3/5/2030 61776NMT7 3/5/2025 4.250 244,000.00 244,000.00 244,000.00 244,936.96 3/5/2030 1,770 1,591.01 0.09 Mountain American FCU 4.7 4/28/2026 62384RAT3 4/28/2023 4.700 248,000.00 248,000.00 248,000.00 249,567.36 4/28/2026 363 926.09 0.09 MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 8/1/2024 4.050 248,000.00 248,000.00 248,000.00 247,677.60 2/1/2028 1,007 798.02 0.09 Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 3/2/2022 1.800 245,000.00 245,000.00 245,000.00 240,376.85 3/2/2026 306 712.85 0.09 Northpointe Bank MI 4.85 10/20/2028 666613MK7 10/20/2023 4.850 248,000.00 248,000.00 248,000.00 253,815.60 10/20/2028 1,269 329.53 0.09 Numerica CU 4.15 11/26/2029 67054NBT9 11/26/2024 4.150 248,000.00 248,000.00 248,000.00 248,000.00 11/26/2029 1,671 112.79 0.09 Optum Bank, Inc UT 4 4/29/2030 68405VDD8 4/28/2025 4.000 245,000.00 245,000.00 245,000.00 243,316.85 4/29/2030 1,825 53.70 0.09 Oregon Community Credit Union 4.85 6/7/2027 68584JAT6 6/7/2024 4.850 248,000.00 248,000.00 248,000.00 251,739.84 6/7/2027 768 757.93 0.09 Pacific Crest Savings Bank WA 3.9 8/16/2029 69417ADA4 8/16/2024 3.900 248,000.00 248,000.00 248,000.00 245,564.64 8/16/2029 1,569 370.98 0.09 Parkside Financial B&T MO 3.75 9/13/2028 70147AGA6 9/13/2024 3.750 248,000.00 248,000.00 248,000.00 245,128.16 9/13/2028 1,232 433.15 0.09 Partners Bank of California 4.15 8/27/2027 70212YBY7 2/27/2025 4.150 244,000.00 244,000.00 244,000.00 244,229.36 8/27/2027 849 1,720.03 0.09 Pentagon FCU 0.7 9/2/2025 70962LAF9 9/1/2021 0.700 249,000.00 249,000.00 249,000.00 246,026.94 9/2/2025 125 138.48 0.09 Peoples Exchange Bank KY 4.15 8/9/2027 71104AAS2 8/9/2024 4.150 248,000.00 248,000.00 248,000.00 248,267.84 8/9/2027 831 592.14 0.09 Ponce Bank NY 3.5 9/15/2027 732329BD8 9/15/2022 3.500 248,000.00 248,000.00 248,000.00 244,637.12 9/15/2027 868 356.71 0.09 Prevail Bank WI 4.25 1/24/2028 887171AB2 7/24/2024 4.250 249,000.00 249,000.00 249,000.00 249,963.63 1/24/2028 999 173.96 0.09 RiverWood Bank MN 3.85 3/11/2027 76951DBZ2 9/11/2024 3.850 248,000.00 248,000.00 248,000.00 246,918.72 3/11/2027 680 497.02 0.09 Rize FCU f/k/a SCE CA 4.7 6/20/2029 78413RAV9 6/20/2024 4.700 248,000.00 248,000.00 248,000.00 253,178.24 6/20/2029 1,512 319.34 0.09 Rockland FCU MA 4.6 12/22/2026 77357DAD0 12/22/2023 4.600 248,000.00 248,000.00 248,000.00 250,038.56 12/22/2026 601 250.04 0.09 Safra Nat'l Bank NY f/k/a/ Delta Nat'l 2 2 24773RCR4 3/9/2022 2.000 245,000.00 245,000.00 245,000.00 235,991.35 2/25/2027 666 698.08 0.09 Sallie Mae Bank UT 1 7/28/2026 795451AF0 7/28/2021 1.000 248,000.00 248,000.00 248,000.00 238,843.84 7/28/2026 454 625.10 0.09 San Francisco FCU CA 4.35 2/3/2028 79772FAG1 2/3/2023 4.350 248,000.00 248,000.00 248,000.00 249,614.48 2/3/2028 1,009 798.02 0.09 Signature FCU VA 4.4 1/31/2028 82671DAB3 1/31/2023 4.400 248,000.00 248,000.00 248,000.00 249,931.92 1/31/2028 1,006 0.00 0.09 Simmons Bank f/k/a Landmark Comm. 0.5 1/22/2026 51507LCC6 1/22/2021 0.500 248,000.00 248,000.00 248,000.00 241,653.68 1/22/2026 267 27.18 0.09 27 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio SkyOne FCU CA 3.9 10/25/2028 83088XAR9 10/25/2024 3.900 248,000.00 248,000.00 248,000.00 246,194.56 10/25/2028 1,274 132.49 0.09 SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 8/14/2024 4.100 248,000.00 248,000.00 248,000.00 247,888.40 8/14/2028 1,202 445.72 0.09 Southern Bank GA 4.25 1/28/2026 84229LBA9 10/28/2022 4.250 244,000.00 244,000.00 244,000.00 244,280.60 1/28/2026 273 56.82 0.09 Southern Bank MO 4.2 5/17/2028 843383CS7 5/17/2023 4.200 248,000.00 248,000.00 248,000.00 248,691.92 5/17/2028 1,113 370.98 0.09 Southern Bank of TN 4.35 7/12/2029 84229QAC5 7/12/2024 4.350 248,000.00 248,000.00 248,000.00 249,909.60 7/12/2029 1,534 532.01 0.09 Southern First Bank SC 4.7 5/14/2025 84287PJH6 2/14/2024 4.700 248,000.00 248,000.00 248,000.00 248,044.64 5/14/2025 14 510.95 0.09 Southern States Bank 4.15 9/21/2026 843879GS0 3/21/2025 4.150 248,000.00 248,000.00 248,000.00 248,267.84 9/21/2026 509 253.78 0.09 St. Vincent's Medical Center FCU 4.6 6/16/2027 85279AAC6 6/16/2023 4.600 248,000.00 248,000.00 248,000.00 250,522.16 6/16/2027 777 437.57 0.09 Stearns Bank, NA MN 4.2 8/9/2027 857894Q51 8/8/2024 4.200 244,000.00 244,000.00 244,000.00 244,512.40 8/9/2027 831 2,274.21 0.09 Sunwest Bank 3.55 9/28/2029 86804DDG0 9/30/2024 3.550 248,000.00 248,000.00 248,000.00 242,030.64 9/28/2029 1,612 0.00 0.09 Synchrony Bank 0.9 9/3/2026 87165ET98 9/3/2021 0.900 245,000.00 245,000.00 245,000.00 234,903.55 9/3/2026 491 362.47 0.09 Technology Credit Union CA 5 5/29/2026 87868YAQ6 5/30/2023 5.000 248,000.00 248,000.00 248,000.00 250,499.84 5/29/2026 394 985.21 0.09 Texas Exchange Bank 3.7 9/6/2029 88241TSW1 9/6/2024 3.700 248,000.00 248,000.00 248,000.00 243,565.76 9/6/2029 1,590 603.35 0.09 The Genoa Banking Co. 4.6 11/28/2028 372348DJ8 11/28/2023 4.600 248,000.00 248,000.00 248,000.00 251,876.24 11/28/2028 1,308 62.51 0.09 The Greenwood's State Bank WI 3.05 5/17/2027 397417AQ9 5/17/2022 3.050 248,000.00 248,000.00 248,000.00 242,893.68 5/17/2027 747 269.40 0.09 The Pitney Bowes Bank, Inc UT 4.35 4/13/2028 724468AC7 4/14/2023 4.350 244,000.00 244,000.00 244,000.00 245,671.40 4/13/2028 1,079 465.27 0.09 Third Federal Savings & Loan 3.3 8/19/2027 88413QDN5 8/19/2022 3.300 245,000.00 245,000.00 245,000.00 240,692.90 8/19/2027 841 1,550.55 0.09 Toyota Financial Savings Bank NV 0.9 4/22/2026 89235MKY6 4/22/2021 0.900 245,000.00 245,000.00 245,000.00 237,591.20 4/22/2026 357 48.33 0.09 True Sky FCU 1.6 2/4/2027 89786MAF1 2/4/2022 1.600 245,000.00 245,000.00 245,000.00 234,695.30 2/4/2027 645 912.88 0.09 Truliant FCU NC 4.7 9/10/2027 89789AAG2 3/10/2023 4.700 248,000.00 248,000.00 248,000.00 251,343.04 9/10/2027 863 638.68 0.09 Tuscon FCU AZ 5 9/8/2028 898812AC6 9/8/2023 5.000 248,000.00 248,000.00 248,000.00 254,842.32 9/8/2028 1,227 747.40 0.09 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 10/25/2023 4.900 248,000.00 248,000.00 248,000.00 254,234.72 10/25/2028 1,274 166.47 0.09 United Fidelity Bank, fsb IN 4.5 6/29/2028 910286GN7 6/29/2023 4.500 248,000.00 248,000.00 248,000.00 255,412.72 6/29/2028 1,156 30.58 0.09 United Roosevelt Savings Bank NJ 1.9 3/11/2027 91139LAB2 3/11/2022 1.900 248,000.00 248,000.00 248,000.00 238,256.08 3/11/2027 680 245.28 0.09 United Teletech FCU NJ 5.1 11/8/2027 913065AD0 11/8/2023 5.100 248,000.00 248,000.00 248,000.00 253,932.16 11/8/2027 922 762.35 0.09 28 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio University Bank MI 4.2 11/30/2027 914098DJ4 11/30/2022 4.200 249,000.00 249,000.00 249,000.00 249,610.05 11/30/2027 944 0.00 0.09 University Credit Union Los Angeles 4 9/26/2025 914242AA0 9/26/2022 4.000 248,000.00 248,000.00 248,000.00 247,766.88 9/26/2025 149 108.71 0.09 Univest Bank & Trust Co. PA 4.35 5/12/2028 91527PBY2 5/12/2023 4.350 248,000.00 248,000.00 248,000.00 249,753.36 5/12/2028 1,108 532.01 0.09 USAlliance Financial FCU NY 4.55 5/26/2028 90352RDB8 5/26/2023 4.550 248,000.00 248,000.00 248,000.00 251,189.28 5/26/2028 1,122 123.66 0.09 Utah First FCU 5 7/21/2028 91739JAB1 7/21/2023 5.000 245,000.00 245,000.00 245,000.00 251,566.00 7/21/2028 1,178 302.05 0.09 Valley National Bank NJ 4.95 5/29/2026 919853LV1 5/29/2024 4.950 244,000.00 244,000.00 244,000.00 246,247.24 5/29/2026 394 5,029.74 0.09 Valleystar Credit Union VA 5.2 11/8/2028 92023CAJ2 11/8/2023 5.200 247,000.00 247,000.00 247,000.00 255,679.58 11/8/2028 1,288 774.16 0.09 Vibrant Credit Union IL 0.8 6/30/2026 92559TAJ7 7/2/2021 0.851 249,000.00 248,377.50 248,854.88 239,769.57 6/30/2026 426 158.27 0.09 VisionBank MN 4.05 5/12/2028 92834ABT2 5/12/2023 4.050 248,000.00 248,000.00 248,000.00 247,632.96 5/12/2028 1,108 495.32 0.09 VyStar Credit Union FL 4.55 3/10/2028 92891CCZ3 3/10/2023 4.550 248,000.00 248,000.00 248,000.00 251,015.68 3/10/2028 1,045 896.54 0.09 Washington Financial Bank PA 4.5 5/31/2029 93883MBA5 5/31/2024 4.500 244,000.00 244,000.00 244,000.00 247,167.12 5/31/2029 1,492 4,542.41 0.09 Western State Bank ND 1 5/13/2025 95960NKD8 5/13/2020 1.000 245,000.00 245,000.00 245,000.00 244,708.45 5/13/2025 13 1,127.67 0.09 Workers FCU MA 5.2 10/30/2028 98138MCA6 10/30/2023 5.200 248,000.00 248,000.00 248,000.00 256,697.36 10/30/2028 1,279 0.00 0.09 Sub Total / Average Certificate Of Deposit 3.756 37,579,000.00 37,578,377.50 37,578,854.88 37,559,783.72 882 113,088.22 13.52 Corporate Blackrock Funding Inc 4.7 3/14/2029-29 09290DAA9 3/28/2024 4.623 1,000,000.00 1,003,380.00 1,002,637.73 1,021,860.00 3/14/2029 1,414 6,005.56 0.36 International Finance Corp 0.5 2/26/2026 45950VPS9 2/26/2021 0.610 500,000.00 497,300.00 499,556.00 485,050.00 2/26/2026 302 444.44 0.18 Walmart Inc 3.7 6/26/2028- 28 931142EE9 6/26/2023 4.303 1,000,000.00 973,110.00 983,034.94 997,080.00 6/26/2028 1,153 12,744.44 0.36 Sub Total / Average Corporate 3.692 2,500,000.00 2,473,790.00 2,485,228.67 2,503,990.00 1,087 19,194.44 0.90 Guaranteed Investment Contract CAMP TERM 5.16 6/12/2025 CAMPTERM61225 7/2/2024 5.160 30,000,000.00 30,000,000.00 30,000,000.00 30,000,000.00 6/12/2025 43 1,280,810.96 10.79 Sub Total / Average Guaranteed Investment Contract 5.160 30,000,000.00 30,000,000.00 30,000,000.00 30,000,000.00 43 1,280,810.96 10.79 Local Government Investment Pool CAMP LGIP CAMP7001 3/31/2024 4.450 27,999,855.96 27,999,855.96 27,999,855.96 27,999,855.96 N/A 1 10.07 LAIF | City LGIP CITYLAIF3434 2/28/2024 4.281 20,788,232.32 20,788,232.32 20,788,232.32 20,813,143.07 N/A 1 7.48 LAIF | Housing LGIP HOUSINGLAIF3005 2/28/2024 4.281 2,227,242.17 2,227,242.17 2,227,242.17 2,229,911.10 N/A 1 0.8029 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Sub Total / Average Local Government Investment Pool 4.374 51,015,330.45 51,015,330.45 51,015,330.45 51,042,910.13 1 0.00 18.35 Money Market BMO Bank | Operating MM BMO1851OP 3/31/2024 5.140 19,911,660.60 19,911,660.60 19,911,660.60 19,911,660.60 N/A 1 7.16 OPEB Trust MM OPEBTRUST 3/31/2024 0.150 2,105,421.11 2,105,421.11 2,105,421.11 2,105,421.11 N/A 1 0.76 PARS Pension Trust MM PARSTRUST 3/31/2024 0.320 5,951,007.36 5,951,007.36 5,951,007.36 5,951,007.36 N/A 1 2.14 US Bank | Custodian MM USB3000 3/31/2024 4.200 3,580,423.55 3,580,423.55 3,580,423.55 3,580,423.55 N/A 1 1.29 US Bank | Fiscal Agent MM USB4000-6000 3/31/2024 3.795 23,103.85 23,103.85 23,103.85 23,103.85 N/A 1 0.01 Sub Total / Average Money Market 3.791 31,571,616.47 31,571,616.47 31,571,616.47 31,571,616.47 1 0.00 11.35 US Agency FFCB 0.5 6/9/2025 3133ELH23 6/9/2020 0.506 500,000.00 499,850.00 499,996.83 497,960.00 6/9/2025 40 979.17 0.18 FFCB 0.68 6/10/2025-22 3133ELH80 6/10/2020 0.680 500,000.00 500,000.00 500,000.00 497,955.00 6/10/2025 41 1,322.22 0.18 FFCB 0.71 8/10/2026-23 3133EM2C5 8/10/2021 0.792 500,000.00 498,000.00 499,489.72 480,255.00 8/10/2026 467 788.89 0.18 FFCB 0.8 9/10/2026 3133EM4X7 9/28/2021 0.985 1,000,000.00 991,080.00 997,547.25 959,240.00 9/10/2026 498 1,111.11 0.36 FFCB 1.27 11/2/2026 3133ENCQ1 11/2/2021 1.270 1,000,000.00 1,000,000.00 1,000,000.00 963,050.00 11/2/2026 551 6,279.44 0.36 FFCB 3.375 9/15/2027 3133ENL99 9/15/2022 3.430 1,000,000.00 997,492.55 998,809.69 990,410.00 9/15/2027 868 4,218.75 0.36 FFCB 3.5 9/10/2029 3133ERSP7 9/18/2024 3.470 1,000,000.00 1,001,350.00 1,001,182.76 984,890.00 9/10/2029 1,594 4,861.11 0.36 FFCB 3.75 12/7/2027 3133EN3S7 12/7/2022 3.794 1,000,000.00 998,000.00 998,959.42 998,820.00 12/7/2027 951 14,895.83 0.36 FFCB 3.75 8/15/2029 3133ERPS4 8/15/2024 3.800 1,000,000.00 997,742.00 998,061.88 995,190.00 8/15/2029 1,568 7,812.50 0.36 FFCB 3.875 1/18/2029 3133EPW84 1/18/2024 4.051 1,000,000.00 992,100.00 994,127.67 1,001,790.00 1/18/2029 1,359 10,979.17 0.36 FFCB 3.875 1/18/2029 3133EPW84 1/30/2024 4.000 1,000,000.00 994,400.00 995,809.40 1,001,790.00 1/18/2029 1,359 10,979.17 0.36 FFCB 3.875 10/15/2027 3133ERXJ5 10/15/2024 3.875 1,000,000.00 1,000,000.00 1,000,000.00 1,001,780.00 10/15/2027 898 1,614.58 0.36 FFCB 3.875 12/10/2027 3133ER6Q9 3/19/2025 4.020 1,000,000.00 996,331.25 996,484.58 1,006,440.00 12/10/2027 954 5,381.94 0.36 FFCB 3.875 2/14/2028 3133EPAV7 2/15/2023 3.977 1,000,000.00 995,400.00 997,433.93 1,001,050.00 2/14/2028 1,020 8,180.56 0.36 FFCB 3.875 6/8/2028 3133EPME2 6/8/2023 3.915 1,000,000.00 998,190.00 998,876.17 1,001,450.00 6/8/2028 1,135 15,284.72 0.36 FFCB 4 11/29/2027 3133EN3H1 11/29/2022 4.030 1,000,000.00 998,650.00 999,303.61 1,008,180.00 11/29/2027 943 16,777.78 0.36 FFCB 4 3/18/2030 3133ER7L9 3/19/2025 4.080 1,000,000.00 996,415.16 996,496.86 1,009,620.00 3/18/2030 1,783 4,666.67 0.36 FFCB 4 4/1/2030 3133ETBF3 4/9/2025 3.900 1,000,000.00 1,004,470.00 1,004,417.62 1,010,680.00 4/1/2030 1,797 3,222.22 0.36 FFCB 4 9/29/2027 3133ENQ29 9/30/2022 4.080 1,000,000.00 996,400.00 998,262.07 1,007,630.00 9/29/2027 882 3,444.44 0.36 FFCB 4.125 12/17/2029 3133ERL41 12/17/2024 4.140 1,000,000.00 999,320.00 999,370.24 1,012,800.00 12/17/2029 1,692 15,239.58 0.36 FFCB 4.125 2/13/2029 3133EP3B9 2/14/2024 4.318 1,000,000.00 991,400.00 993,485.43 1,010,310.00 2/13/2029 1,385 8,822.92 0.36 FFCB 4.25 7/17/2028 3133EPQD0 7/31/2023 4.280 1,000,000.00 998,655.69 999,129.89 1,017,010.00 7/17/2028 1,174 12,159.72 0.36 FFCB 4.25 8/7/2028 3133EPSK2 8/18/2023 4.467 1,000,000.00 990,400.00 993,685.91 1,017,280.00 8/7/2028 1,195 9,798.61 0.36 FFCB 4.33 3/18/2030-27 3133ER7E5 4/23/2025 4.330 1,000,000.00 1,000,000.00 1,000,000.00 999,960.00 3/18/2030 1,783 5,051.67 0.36 FFCB 4.375 4/10/2029 3133ERAK7 4/23/2024 4.701 1,000,000.00 985,690.00 988,628.88 1,020,090.00 4/10/2029 1,441 2,430.56 0.36 FFCB 4.625 11/13/2028 3133EPC45 11/13/2023 4.630 1,000,000.00 999,770.00 999,837.38 1,029,220.00 11/13/2028 1,293 21,454.86 0.36 FHLB 0.375 12/12/2025 3130AKFA9 12/7/2020 0.480 500,000.00 497,400.00 499,681.49 489,260.00 12/12/2025 226 718.75 0.18 30 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio FHLB 0.5 6/13/2025 3130AJKW8 6/3/2020 0.506 500,000.00 499,850.00 499,996.52 497,755.00 6/13/2025 44 951.39 0.18 FHLB 0.51 1/14/2026-22 3130AKMZ6 1/14/2021 0.510 500,000.00 500,000.00 500,000.00 487,440.00 1/14/2026 259 750.83 0.18 FHLB 0.55 1/29/2026-21 3130AKN28 1/29/2021 0.550 500,000.00 500,000.00 500,000.00 486,980.00 1/29/2026 274 695.14 0.18 FHLB 0.68 6/30/2025-21 3130AJRP6 6/30/2020 0.680 300,000.00 300,000.00 300,000.00 298,155.00 6/30/2025 61 680.00 0.11 FHLB 0.75 6/12/2026 3130AMFS6 6/17/2021 0.885 1,000,000.00 993,420.00 998,529.22 966,980.00 6/12/2026 408 2,875.00 0.36 FHLB 0.95 10/13/2026-23 3130APB46 10/13/2021 0.986 1,000,000.00 998,250.00 999,492.22 959,800.00 10/13/2026 531 448.61 0.36 FHLB 1 9/30/2026-22 3130APBM6 9/30/2021 1.021 1,000,000.00 999,000.00 999,717.06 961,330.00 9/30/2026 518 833.33 0.36 FHLB 1.25 12/21/2026 3130AQF65 12/22/2021 1.255 1,000,000.00 999,750.00 999,917.96 961,820.00 12/21/2026 600 4,479.17 0.36 FHLB 1.5 1/27/2027-23 3130AQJR5 1/27/2022 1.500 1,000,000.00 1,000,000.00 1,000,000.00 960,020.00 1/27/2027 637 3,875.00 0.36 FHLB 1.83 2/10/2027-23 3130AQSA2 2/10/2022 1.830 1,000,000.00 1,000,000.00 1,000,000.00 966,460.00 2/10/2027 651 4,066.67 0.36 FHLB 2.5 10/14/2025-23 3130ARGJ4 4/14/2022 2.500 500,000.00 500,000.00 500,000.00 495,990.00 10/14/2025 167 555.56 0.18 FHLB 2.7 4/19/2027-24 3130ARGY1 4/19/2022 2.700 1,000,000.00 1,000,000.00 1,000,000.00 981,320.00 4/19/2027 719 825.00 0.36 FHLB 3.3 6/28/2027-24 3130ASDV8 6/28/2022 3.300 300,000.00 300,000.00 300,000.00 297,762.00 6/28/2027 789 3,355.00 0.11 FHLB 4 10/5/2029-27 3130B35F6 10/8/2024 4.000 1,000,000.00 1,000,000.00 1,000,000.00 995,330.00 10/5/2029 1,619 2,777.78 0.36 FHLB 4 10/9/2026 3130B3A29 3/19/2025 4.020 1,000,000.00 999,682.10 999,705.37 1,003,790.00 10/9/2026 527 2,333.33 0.36 FHLB 4.125 4/4/2030-27 3130B5SX7 4/4/2025 4.125 1,000,000.00 1,000,000.00 1,000,000.00 1,005,620.00 4/4/2030 1,800 2,979.17 0.36 FHLB 4.125 9/14/2029 3130ATHX8 10/31/2024 4.125 1,000,000.00 1,000,000.00 1,000,000.00 1,009,820.00 9/14/2029 1,598 5,270.83 0.36 FHLB 4.2 3/27/2030-28 3130B5K80 3/27/2025 4.200 1,000,000.00 1,000,000.00 1,000,000.00 996,890.00 3/27/2030 1,792 3,850.00 0.36 FHLB 4.3 10/23/2029-26 3130B3ES8 10/30/2024 4.351 1,000,000.00 997,750.00 997,975.88 1,002,530.00 10/23/2029 1,637 836.11 0.36 FHLB 4.45 2/12/2029-27 3130AYXU5 2/15/2024 4.450 2,000,000.00 2,000,000.00 2,000,000.00 2,015,680.00 2/12/2029 1,384 19,283.33 0.72 FHLB 4.5 12/10/2029-26 3130B46Y2 12/31/2024 4.500 1,000,000.00 1,000,000.00 1,000,000.00 1,010,330.00 12/10/2029 1,685 16,625.00 0.36 FHLB 4.5 2/18/2028-26 3130B4YH8 2/26/2025 4.500 1,000,000.00 1,000,000.00 1,000,000.00 1,000,170.00 2/18/2028 1,024 9,000.00 0.36 FHLB 4.65 1/14/2030-28 3130B4LS8 1/14/2025 4.650 1,000,000.00 1,000,000.00 1,000,000.00 1,018,500.00 1/14/2030 1,720 13,691.67 0.36 FHLB 4.75 9/8/2028 3130AXEL8 10/3/2023 4.762 1,000,000.00 999,500.00 999,659.81 1,033,530.00 9/8/2028 1,227 6,861.11 0.36 FHLB 5 2/15/2029-25 3130AYYJ9 2/15/2024 5.000 1,000,000.00 1,000,000.00 1,000,000.00 999,850.00 2/15/2029 1,387 10,416.67 0.36 FHLB 5.04 4/23/2029-27 3130B14L8 4/25/2024 5.040 900,000.00 900,000.00 900,000.00 911,772.00 4/23/2029 1,454 882.00 0.32 FHLB Step 11/24/2026-22 3130APTV7 11/24/2021 1.489 500,000.00 499,500.00 499,843.52 487,100.00 11/24/2026 573 4,333.33 0.18 FHLB Step 3/30/2026 3130ALV92 3/30/2021 0.938 500,000.00 500,000.00 500,000.00 486,820.00 3/30/2026 334 437.50 0.18 FHLMC 0.375 7/21/2025 3137EAEU9 12/7/2020 0.434 1,000,000.00 997,300.00 999,870.11 991,200.00 7/21/2025 82 1,031.25 0.36 FHLMC 0.375 7/21/2025 3137EAEU9 1/5/2022 1.120 500,000.00 487,090.00 499,189.96 495,600.00 7/21/2025 82 515.62 0.18 FHLMC 0.375 9/23/2025 3137EAEX3 2/23/2021 0.552 500,000.00 495,999.50 499,653.29 492,300.00 9/23/2025 146 192.71 0.18 FHLMC 0.375 9/23/2025 3137EAEX3 3/30/2021 0.740 1,000,000.00 983,940.00 998,576.21 984,600.00 9/23/2025 146 385.42 0.36 FHLMC 0.55 12/30/2025 3134GXGZ1 12/30/2020 0.550 500,000.00 500,000.00 500,000.00 487,970.00 12/30/2025 244 916.67 0.18 FHLMC 0.625 5/27/2025 3134GVYG7 5/27/2020 0.625 1,000,000.00 1,000,000.00 1,000,000.00 997,360.00 5/27/2025 27 2,656.25 0.36 FHLMC 0.65 10/27/2025-21 3134GW5R3 1/5/2022 1.232 400,000.00 391,360.00 398,890.85 393,012.00 10/27/2025 180 21.67 0.14 FHLMC 0.7 12/30/2026-21 3134GWUQ7 2/10/2022 1.870 1,000,000.00 945,570.00 981,464.71 950,240.00 12/30/2026 609 583.33 0.36 FHLMC 0.8 10/28/2026-21 3134GW6C5 1/5/2022 1.404 500,000.00 486,000.00 495,659.35 478,885.00 10/28/2026 546 22.22 0.18 FNMA 0.5 11/7/2025 3135G06G3 12/7/2021 1.120 1,000,000.00 976,300.00 996,871.40 981,730.00 11/7/2025 191 2,402.78 0.36 FNMA 0.5 11/7/2025 3135G06G3 8/29/2024 4.170 1,000,000.00 957,850.00 981,584.00 981,730.00 11/7/2025 191 2,402.78 0.36 31 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio FNMA 0.5 8/14/2025-23 3135G05S8 8/14/2020 0.500 500,000.00 500,000.00 500,000.00 494,630.00 8/14/2025 106 527.78 0.18 FNMA 0.52 8/18/2025 3136G4M75 8/28/2020 0.530 500,000.00 499,750.00 499,985.05 494,310.00 8/18/2025 110 520.00 0.18 FNMA 0.56 11/17/2025-22 3135GA2Z3 11/17/2020 0.591 500,000.00 499,250.00 499,918.29 490,260.00 11/17/2025 201 1,267.78 0.18 FNMA 0.56 8/21/2025-23 3136G4N74 8/21/2020 0.560 1,000,000.00 1,000,000.00 1,000,000.00 988,790.00 8/21/2025 113 1,073.33 0.36 FNMA 0.6 12/23/2025-21 3135GA7D7 12/23/2020 0.600 500,000.00 500,000.00 500,000.00 488,435.00 12/23/2025 237 1,058.33 0.18 FNMA 4.125 3/12/2030-26 3136GACD9 3/12/2025 4.375 1,000,000.00 988,880.00 989,176.53 996,980.00 3/12/2030 1,777 5,500.00 0.36 FNMA 4.25 4/8/2030-27 3136GAF20 4/9/2025 4.250 1,000,000.00 1,000,000.00 1,000,000.00 1,000,670.00 4/8/2030 1,804 2,597.22 0.36 FNMA 4.75 5/15/2029-25 3135GAS36 5/15/2024 4.912 1,000,000.00 992,900.00 994,260.83 1,000,790.00 5/15/2029 1,476 21,770.83 0.36 Sub Total / Average US Agency 2.997 63,900,000.00 63,607,398.25 63,779,016.82 63,503,146.00 956 367,891.44 22.98 US Treasury T-Note 0.25 10/31/2025 91282CAT8 3/30/2021 0.750 1,000,000.00 977,500.00 997,541.79 980,770.00 10/31/2025 184 0.00 0.36 T-Note 0.375 1/31/2026 91282CBH3 2/23/2021 0.577 500,000.00 495,100.00 499,252.22 486,580.00 1/31/2026 276 460.98 0.18 T-Note 0.375 11/30/2025 91282CAZ4 4/22/2021 0.720 500,000.00 492,187.50 499,006.61 489,330.00 11/30/2025 214 777.82 0.18 T-Note 0.375 12/31/2025 91282CBC4 1/7/2021 0.431 500,000.00 498,632.81 499,816.50 488,045.00 12/31/2025 245 621.55 0.18 T-Note 0.5 2/28/2026 91282CBQ3 5/28/2021 0.750 500,000.00 494,165.00 498,981.56 485,820.00 2/28/2026 304 414.40 0.18 T-Note 0.5 2/28/2026 91282CBQ3 3/23/2022 2.353 750,000.00 698,025.00 739,040.76 728,730.00 2/28/2026 304 621.60 0.27 T-Note 0.625 7/31/2026 91282CCP4 9/29/2021 0.970 1,000,000.00 983,750.00 995,801.70 961,560.00 7/31/2026 457 1,536.60 0.36 T-Note 0.75 3/31/2026 91282CBT7 5/28/2021 0.770 500,000.00 499,525.00 499,910.00 485,835.00 3/31/2026 335 307.38 0.18 T-Note 0.75 3/31/2026 91282CBT7 6/17/2021 0.816 500,000.00 498,450.00 499,703.66 485,835.00 3/31/2026 335 307.38 0.18 T-Note 0.75 5/31/2026 91282CCF6 6/1/2021 0.810 1,000,000.00 997,060.00 999,363.32 967,110.00 5/31/2026 396 3,111.26 0.36 T-Note 0.75 5/31/2026 91282CCF6 6/17/2021 0.870 500,000.00 497,095.00 499,365.33 483,555.00 5/31/2026 396 1,555.63 0.18 T-Note 0.75 8/31/2026 91282CCW9 9/29/2021 0.990 1,000,000.00 988,500.00 996,881.68 961,090.00 8/31/2026 488 1,243.21 0.36 T-Note 0.75 8/31/2026 91282CCW9 3/22/2022 2.350 500,000.00 466,454.17 489,927.98 480,545.00 8/31/2026 488 621.60 0.18 T-Note 1.125 10/31/2026 91282CDG3 3/22/2022 2.350 500,000.00 473,396.82 491,337.76 481,270.00 10/31/2026 549 0.00 0.18 T-Note 1.5 1/31/2027 912828Z78 2/10/2022 1.781 1,000,000.00 986,700.00 995,310.19 963,670.00 1/31/2027 641 3,687.85 0.36 T-Note 1.875 7/31/2026 912828Y95 8/29/2024 3.876 1,000,000.00 963,281.25 976,062.10 976,800.00 7/31/2026 457 4,609.81 0.36 T-Note 2.25 8/15/2027 9128282R0 11/18/2022 3.950 1,000,000.00 927,110.00 964,755.10 970,820.00 8/15/2027 837 4,599.45 0.36 T-Note 2.375 4/30/2026 9128286S4 3/23/2022 2.400 1,000,000.00 999,010.00 999,759.44 985,140.00 4/30/2026 365 0.00 0.36 T-Note 2.375 5/15/2027 912828X88 6/7/2022 3.041 1,000,000.00 969,687.50 987,484.74 975,900.00 5/15/2027 745 10,890.88 0.36 T-Note 2.5 3/31/2027 91282CEF4 5/3/2022 3.010 1,000,000.00 976,860.00 990,973.85 979,530.00 3/31/2027 700 2,049.18 0.36 T-Note 2.625 2/15/2029 9128286B1 2/15/2024 4.286 1,000,000.00 925,976.56 943,813.53 963,950.00 2/15/2029 1,387 5,366.02 0.36 T-Note 2.625 5/31/2027 91282CET4 6/8/2022 2.980 500,000.00 491,842.18 496,585.20 490,195.00 5/31/2027 761 5,444.71 0.18 T-Note 2.625 5/31/2027 91282CET4 8/29/2024 3.720 1,000,000.00 971,555.99 978,461.80 980,390.00 5/31/2027 761 10,889.42 0.36 T-Note 2.75 4/30/2027 91282CEN7 6/8/2022 2.971 500,000.00 495,000.00 497,959.13 491,815.00 4/30/2027 730 0.00 0.18 T-Note 2.75 7/31/2027 91282CFB2 8/15/2022 2.980 1,000,000.00 989,460.00 995,219.15 981,640.00 7/31/2027 822 6,761.05 0.36 T-Note 2.75 7/31/2027 91282CFB2 8/29/2022 3.200 1,000,000.00 979,645.67 990,695.49 981,640.00 7/31/2027 822 6,761.05 0.36 T-Note 2.875 4/30/2029 91282CEM9 4/30/2024 4.658 1,000,000.00 921,300.00 937,031.38 971,020.00 4/30/2029 1,461 0.00 0.36 T-Note 3.125 11/15/2028 9128285M8 12/29/2023 3.880 1,000,000.00 966,718.75 975,832.81 983,320.00 11/15/2028 1,295 14,330.11 0.3632 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio T-Note 3.125 8/31/2027 91282CFH9 1/24/2023 3.640 500,000.00 489,175.00 494,506.91 494,765.00 8/31/2027 853 2,590.01 0.18 T-Note 3.25 6/30/2027 91282CEW7 2/15/2023 4.075 1,000,000.00 967,220.00 983,764.14 992,970.00 6/30/2027 791 10,773.48 0.36 T-Note 3.5 1/31/2028 91282CGH8 2/2/2023 3.580 1,000,000.00 996,369.14 997,998.35 997,620.00 1/31/2028 1,006 8,604.97 0.36 T-Note 3.5 1/31/2028 91282CGH8 8/29/2024 3.680 1,000,000.00 994,257.81 995,378.69 997,620.00 1/31/2028 1,006 8,604.97 0.36 T-Note 3.5 1/31/2030 91282CGJ4 1/13/2025 4.531 1,000,000.00 953,900.00 956,575.00 990,590.00 1/31/2030 1,737 8,604.97 0.36 T-Note 3.5 4/30/2028 91282CHA2 5/31/2023 3.837 1,000,000.00 985,000.00 990,849.58 997,270.00 4/30/2028 1,096 0.00 0.36 T-Note 3.5 4/30/2028 91282CHA2 7/19/2024 4.145 1,000,000.00 977,600.00 982,222.74 997,270.00 4/30/2028 1,096 0.00 0.36 T-Note 3.5 9/30/2029 91282CLN9 9/30/2024 3.510 1,000,000.00 999,530.00 999,584.57 992,310.00 9/30/2029 1,614 2,868.85 0.36 T-Note 3.625 3/31/2028 91282CGT2 5/31/2023 3.853 1,000,000.00 990,000.00 993,966.01 1,001,290.00 3/31/2028 1,066 2,971.31 0.36 T-Note 3.625 3/31/2028 91282CGT2 6/15/2023 3.980 1,000,000.00 984,600.00 990,628.00 1,001,290.00 3/31/2028 1,066 2,971.31 0.36 T-Note 3.625 3/31/2028 91282CGT2 10/19/2023 4.910 1,000,000.00 949,180.00 966,672.84 1,001,290.00 3/31/2028 1,066 2,971.31 0.36 T-Note 3.625 5/31/2028 91282CHE4 3/19/2025 4.013 1,000,000.00 988,400.00 988,816.77 1,000,660.00 5/31/2028 1,127 15,037.77 0.36 T-Note 3.625 8/31/2029 91282CLK5 9/3/2024 3.627 2,000,000.00 1,999,843.75 1,999,864.23 1,995,620.00 8/31/2029 1,584 12,017.66 0.72 T-Note 3.75 12/31/2028 91282CJR3 1/2/2024 3.815 1,000,000.00 997,067.49 997,845.21 1,003,590.00 12/31/2028 1,341 12,430.94 0.36 T-Note 3.75 12/31/2028 91282CJR3 6/12/2024 4.480 1,000,000.00 970,230.00 975,994.25 1,003,590.00 12/31/2028 1,341 12,430.94 0.36 T-Note 3.75 4/15/2028 91282CMW8 4/15/2025 3.760 1,000,000.00 999,726.56 999,730.30 1,004,610.00 4/15/2028 1,081 1,536.89 0.36 T-Note 3.875 11/30/2029 91282CFY2 11/21/2024 4.271 1,000,000.00 982,265.63 983,811.95 1,007,190.00 11/30/2029 1,675 16,074.86 0.36 T-Note 3.875 9/30/2029 91282CFL0 10/8/2024 3.875 1,000,000.00 1,000,000.00 1,000,000.00 1,007,420.00 9/30/2029 1,614 3,176.23 0.36 T-Note 4 1/15/2027 91282CJT9 1/31/2024 4.115 1,000,000.00 996,813.45 998,157.18 1,005,470.00 1/15/2027 625 11,602.21 0.36 T-Note 4 10/31/2029 91282CFT3 10/31/2024 4.110 1,000,000.00 995,070.00 995,558.68 1,012,340.00 10/31/2029 1,645 0.00 0.36 T-Note 4 2/28/2030 91282CGQ8 2/26/2025 4.140 2,000,000.00 1,987,440.00 1,987,872.87 2,025,940.00 2/28/2030 1,765 13,260.87 0.72 T-Note 4 3/31/2030 91282CMU2 4/1/2025 3.950 1,000,000.00 1,002,265.63 1,002,229.63 1,012,420.00 3/31/2030 1,796 3,278.69 0.36 T-Note 4 7/31/2029 91282CLC3 7/31/2024 4.134 1,000,000.00 994,000.00 994,897.04 1,012,540.00 7/31/2029 1,553 9,834.25 0.36 T-Note 4.125 10/31/2027 91282CFU0 11/6/2023 4.524 750,000.00 739,200.00 743,218.43 759,525.00 10/31/2027 914 0.00 0.27 T-Note 4.125 10/31/2027 91282CFU0 5/31/2024 4.675 1,000,000.00 982,790.00 987,395.88 1,012,700.00 10/31/2027 914 0.00 0.36 T-Note 4.125 11/30/2029 91282CMA6 12/2/2024 4.180 1,000,000.00 997,539.06 997,740.09 1,018,160.00 11/30/2029 1,675 17,111.95 0.36 T-Note 4.125 3/31/2029 91282CKG5 4/1/2024 4.210 1,000,000.00 996,200.00 997,020.38 1,016,800.00 3/31/2029 1,431 3,381.15 0.36 T-Note 4.125 6/15/2026 91282CHH7 2/26/2025 4.091 1,000,000.00 1,000,380.00 1,000,329.49 1,003,010.00 6/15/2026 411 15,412.09 0.36 T-Note 4.125 9/30/2027 91282CFM8 7/30/2024 4.150 1,000,000.00 999,210.00 999,397.09 1,012,770.00 9/30/2027 883 3,381.15 0.36 T-Note 4.25 1/31/2026 91282CJV4 1/31/2024 4.330 1,000,000.00 998,482.98 999,428.52 1,001,550.00 1/31/2026 276 10,448.90 0.36 T-Note 4.25 1/31/2030 91282CMG3 1/31/2025 4.330 1,000,000.00 996,437.79 996,611.41 1,023,320.00 1/31/2030 1,737 10,448.90 0.36 T-Note 4.25 6/30/2029 91282CKX8 7/1/2024 4.290 2,000,000.00 1,996,433.38 1,997,025.54 2,043,900.00 6/30/2029 1,522 28,176.80 0.72 T-Note 4.375 12/31/2029 91282CMD0 12/31/2024 4.425 1,500,000.00 1,496,700.00 1,496,916.87 1,542,660.00 12/31/2029 1,706 21,754.14 0.54 T-Note 4.5 5/31/2029 91282CKT7 5/31/2024 4.540 2,000,000.00 1,996,484.38 1,997,127.43 2,062,420.00 5/31/2029 1,492 37,335.16 0.72 Sub Total / Average US Treasury 3.492 60,000,000.00 59,023,801.25 59,425,010.85 59,714,395.00 1,057 396,061.67 21.58 Total / Average 3.773 278,050,681.28 276,755,048.28 277,339,792.50 277,380,575.68 582 2,177,046.73 100 33 34 City of La Quinta | CA Portfolio Holdings Investment Portfolio | by Security Sector Report Format: By Transaction Group By: Security Sector Average By: Face Amount / Shares Portfolio / Report Group: All Portfolios As of 5/31/2025 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Cash BMO Bank | LQ Palms Realty Cash LQPR1935 3/31/2024 0.000 239,696.34 239,696.34 239,696.34 239,696.34 N/A 1 0.09 BMO Suntrust | Dune Palms Cash DPME4741-3599 3/31/2024 0.000 1,270,259.07 1,270,259.07 1,270,259.07 1,270,259.07 N/A 1 0.45 City of La Quinta Cash PETTYCASH 3/31/2024 0.000 3,300.00 3,300.00 3,300.00 3,300.00 N/A 1 0.00 Sub Total / Average Cash 0.000 1,513,255.41 1,513,255.41 1,513,255.41 1,513,255.41 1 0.00 0.54 Certificate Of Deposit Advantage Credit Union IA 4.45 7/31/2028 00790UAE7 7/31/2024 4.450 249,000.00 249,000.00 249,000.00 251,056.74 7/31/2028 1,157 0.00 0.09 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 3/17/2023 4.900 248,000.00 248,000.00 248,000.00 252,875.68 3/17/2028 1,021 466.10 0.09 Alabama Credit Union 5 6/22/2026 01025RAG4 6/20/2023 5.000 248,000.00 248,000.00 248,000.00 249,825.28 6/22/2026 387 373.70 0.09 All In FCU AL 4.4 12/20/2027 01664MAB2 12/20/2022 4.400 248,000.00 248,000.00 248,000.00 249,473.12 12/20/2027 933 328.85 0.09 Alliant Credit Union IL 5 12/30/2027 01882MAC6 12/30/2022 5.000 247,000.00 247,000.00 247,000.00 252,135.13 12/30/2027 943 33.84 0.09 Altaone FCU CA 4.45 7/19/2029 02157RAA5 7/19/2024 4.450 249,000.00 249,000.00 249,000.00 250,869.99 7/19/2029 1,510 910.73 0.09 Amerant Bank, NA FL 1.6 2/16/2027 02357QAQ0 2/14/2022 1.600 245,000.00 245,000.00 245,000.00 234,609.55 2/16/2027 626 1,138.41 0.09 American Express Nat'l Bank 3.45 7/27/2027 02589ADH2 8/29/2022 3.450 245,000.00 245,000.00 245,000.00 241,457.30 7/27/2027 787 2,871.53 0.09 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 9/21/2022 3.800 248,000.00 248,000.00 248,000.00 246,065.60 9/21/2027 843 774.58 0.09 Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 7/19/2023 4.400 248,000.00 248,000.00 248,000.00 255,812.00 7/19/2028 1,145 358.75 0.09 Ballston Spa Nat'l Bank NY 4.8 11/24/2026 058723AQ0 5/24/2024 4.800 248,000.00 248,000.00 248,000.00 250,011.28 11/24/2026 542 228.30 0.09 Bank Five Nine WI 4.25 5/12/2028 062119BT8 5/12/2023 4.250 248,000.00 248,000.00 248,000.00 248,659.68 5/12/2028 1,077 548.66 0.09 Bank of America 5.2 12/8/2025 06051XEF5 6/6/2024 5.200 243,000.00 243,000.00 243,000.00 244,144.53 12/8/2025 191 6,092.98 0.09 Bank of the Sierra CA 4.6 3/15/2027 064860MC0 3/15/2023 4.600 244,000.00 244,000.00 244,000.00 245,615.28 3/15/2027 653 2,367.80 0.09 35 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Bankers Bank WI 4.15 5/24/2028 06610RCA5 5/24/2023 4.150 248,000.00 248,000.00 248,000.00 247,970.24 5/24/2028 1,089 197.38 0.09 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 6/21/2024 4.500 248,000.00 248,000.00 248,000.00 250,276.64 6/21/2029 1,482 305.75 0.09 Baxter Credit Union IL 4.35 8/22/2028 07181JBH6 8/22/2024 4.350 248,000.00 248,000.00 248,000.00 249,292.08 8/22/2028 1,179 266.01 0.09 Beal Bank TX 1.9 2/17/2027 07371AYE7 2/23/2022 1.900 245,000.00 245,000.00 245,000.00 235,805.15 2/17/2027 627 1,237.08 0.09 Beal Bank USA NV 1.9 2/17/2027 07371CE88 2/23/2022 1.900 245,000.00 245,000.00 245,000.00 235,805.15 2/17/2027 627 1,237.08 0.09 Blue Ridge Bank, NA VA 4.2 2/28/2028 09582YAF9 2/28/2023 4.200 244,000.00 244,000.00 244,000.00 244,273.28 2/28/2028 1,003 2,583.06 0.09 BMW Bank North America 4 11/23/2027 05612LFA5 5/23/2025 4.000 244,000.00 244,000.00 244,000.00 243,033.76 11/23/2027 906 213.92 0.09 BNY Mellon, NA PA 4.5 9/7/2028 05584CJJ6 9/7/2023 4.500 244,000.00 244,000.00 244,000.00 246,249.68 9/7/2028 1,195 2,556.99 0.09 Bridgewater Bank MN 4.85 3/29/2027 108622NJ6 3/29/2023 4.850 248,000.00 248,000.00 248,000.00 250,914.00 3/29/2027 667 65.91 0.09 California Credit Union CA 5.1 6/30/2025 130162BL3 12/28/2023 5.100 244,000.00 244,000.00 244,000.00 244,141.52 6/30/2025 30 5,250.35 0.09 Capital One, NA 1.1 11/17/2026 14042RQB0 11/17/2021 1.100 248,000.00 248,000.00 248,000.00 236,983.84 11/17/2026 535 104.64 0.09 Carter Bank & Trust 4.55 7/5/2029 146102AS7 7/5/2024 4.550 248,000.00 248,000.00 248,000.00 250,762.72 7/5/2029 1,496 803.79 0.09 Carter FCU LA 0.75 4/27/2026 14622LAA0 4/27/2021 0.750 248,000.00 248,000.00 248,000.00 240,552.56 4/27/2026 331 20.38 0.09 Celtic Bank UT 3.65 9/26/2029 15118RR33 9/26/2024 3.650 248,000.00 248,000.00 248,000.00 242,105.04 9/26/2029 1,579 124.00 0.09 Central Bank AK 4 5/12/2028 152577BN1 5/12/2023 4.000 248,000.00 248,000.00 248,000.00 246,941.04 5/12/2028 1,077 516.38 0.09 cfsbank PA 4.7 11/30/2027 12526AAM9 5/30/2024 4.700 244,000.00 244,000.00 244,000.00 247,154.92 11/30/2027 913 0.00 0.09 Chartway FCU VA 4.9 6/9/2026 16141BAC5 6/9/2023 4.900 248,000.00 248,000.00 248,000.00 249,470.64 6/9/2026 374 732.45 0.09 Chippewa Valley Bank WI 0.6 6/24/2025 169894AS1 6/24/2020 0.600 248,000.00 248,000.00 248,000.00 247,375.04 6/24/2025 24 28.54 0.09 CIBC Bank USA IL 4.35 5/16/2028 12547CBJ6 5/16/2023 4.350 244,000.00 244,000.00 244,000.00 245,229.76 5/16/2028 1,081 436.19 0.09 Comenity Capital Bank UT 2.65 4/14/2027 20033A3A2 4/14/2022 2.650 248,000.00 248,000.00 248,000.00 241,199.84 4/14/2027 683 306.09 0.09 ConnectOne Bank NJ 0.8 9/24/2026 20786ADL6 9/24/2021 0.800 248,000.00 248,000.00 248,000.00 237,028.48 9/24/2026 481 38.05 0.09 Connexus Credit Union WI 1.25 12/23/2026 20825WAR1 12/23/2021 1.250 249,000.00 249,000.00 249,000.00 237,837.33 12/23/2026 571 0.00 0.09 Cornerstone Comm. FCU NY 3.7 10/1/2029 21923MAB7 9/30/2024 3.700 248,000.00 248,000.00 248,000.00 242,628.32 10/1/2029 1,584 25.14 0.09 County Schools FCU CA 4.4 9/30/2027 22258JAB7 9/30/2022 4.400 248,000.00 248,000.00 248,000.00 249,376.40 9/30/2027 852 29.90 0.09 Covantage Credit Union WI 4.2 8/7/2028 22282XAD2 8/6/2024 4.200 247,000.00 247,000.00 247,000.00 247,217.36 8/7/2028 1,164 710.55 0.09 36 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Cross River Bank NJ 4.5 4/26/2027 227563GC1 4/26/2024 4.500 244,000.00 244,000.00 244,000.00 245,393.24 4/26/2027 695 1,052.88 0.09 Customers Bank PA 4.5 6/14/2028 23204HPB8 6/14/2023 4.500 244,000.00 244,000.00 244,000.00 246,320.44 6/14/2028 1,110 5,053.81 0.09 Cy-Fair FCU TX 4.5 5/12/2028 23248UAB3 5/12/2023 4.500 248,000.00 248,000.00 248,000.00 250,375.84 5/12/2028 1,077 580.93 0.09 Direct FCU MA 4.8 11/8/2027 25460FDW3 11/7/2022 4.800 248,000.00 248,000.00 248,000.00 251,732.40 11/8/2027 891 782.73 0.09 Dort Financial Credit Union MI 4.5 12/16/2027 25844MAK4 12/16/2022 4.500 247,000.00 247,000.00 247,000.00 249,092.09 12/16/2027 929 1,827.12 0.09 EagleBank MD 4.05 4/16/2030 27002YHQ2 4/16/2025 4.050 248,000.00 248,000.00 248,000.00 245,790.32 4/16/2030 1,781 412.77 0.09 Eaglemark Savings Bank NV 2 3/2/2027 27004PCM3 3/2/2022 2.000 245,000.00 245,000.00 245,000.00 235,920.30 3/2/2027 640 1,208.22 0.09 Empower FCU NY 5.25 11/15/2028 291916AJ3 11/15/2023 5.250 247,000.00 247,000.00 247,000.00 255,363.42 11/15/2028 1,264 746.08 0.09 Enterprise Bank PA 4.6 6/7/2029 29367RND4 6/7/2024 4.600 248,000.00 248,000.00 248,000.00 251,171.92 6/7/2029 1,468 750.12 0.09 EverBank, NA f/k/a TIAA FSB 0.5 2/12/2026 87270LDL4 2/12/2021 0.500 245,000.00 245,000.00 245,000.00 238,522.20 2/12/2026 257 362.47 0.09 Evergreen Bank Group IL 3.85 7/27/2026 300185LM5 1/27/2023 3.850 248,000.00 248,000.00 248,000.00 246,777.36 7/27/2026 422 104.64 0.09 Fahey Banking Company 4.2 8/30/2027 303117DN2 2/28/2025 4.200 248,000.00 248,000.00 248,000.00 248,265.36 8/30/2027 821 85.61 0.09 Farmers & Merchants Bank of Colby 4.4 7/5/2029 30781JBU3 7/5/2024 4.400 248,000.00 248,000.00 248,000.00 249,366.48 7/5/2029 1,496 777.29 0.09 Farmers & Merchants Bank WI0.9 7/14/2025 307811DF3 1/14/2022 0.900 249,000.00 249,000.00 249,000.00 247,914.36 7/14/2025 44 104.38 0.09 Farmers Insurance Group FCU 5.4 7/28/2025 30960QAR8 7/26/2023 5.400 248,000.00 248,000.00 248,000.00 248,372.00 7/28/2025 58 183.45 0.09 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 4/30/2021 0.700 248,000.00 248,000.00 248,000.00 239,925.12 4/30/2026 334 0.00 0.09 Fieldpoint Private B&T CT 4 9/4/2026 31657FBA4 9/4/2024 4.000 248,000.00 248,000.00 248,000.00 247,179.12 9/4/2026 461 733.81 0.09 First Bank Elk River MN 4.4 6/30/2028 31911KAK4 6/30/2023 4.400 248,000.00 248,000.00 248,000.00 254,209.92 6/30/2028 1,126 29.90 0.09 First Bank NJ 4.45 12/26/2025 319137CB9 12/28/2023 4.450 244,000.00 244,000.00 244,000.00 244,202.52 12/26/2025 209 4,581.18 0.09 First Federal Savings IN 4.25 7/9/2026 32021YEV1 2/9/2024 4.250 248,000.00 248,000.00 248,000.00 247,880.96 7/9/2026 404 635.29 0.09 First Nat'l Bank of America MI 3.75 10/30/2028 32110YQ24 10/30/2024 3.750 248,000.00 248,000.00 248,000.00 244,510.64 10/30/2028 1,248 25.48 0.09 First Service CU f/k/a SPCO TX 4.35 1/20/2028 78472EAB0 1/20/2023 4.350 249,000.00 249,000.00 249,000.00 250,212.63 1/20/2028 964 326.43 0.09 Forbright Bank MD 4.6 11/2/2027 34520LAT0 11/2/2022 4.600 248,000.00 248,000.00 248,000.00 250,539.52 11/2/2027 885 906.39 0.09 Four Points FCU 4.55 5/11/2026 35089LAF0 5/10/2023 4.550 248,000.00 248,000.00 248,000.00 248,523.28 5/11/2026 345 649.22 0.09 37 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Genesee Regional Bank NY 4.2 12/28/2026 37173RAL7 12/27/2023 4.200 244,000.00 244,000.00 244,000.00 243,968.28 12/28/2026 576 4,351.89 0.09 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 011852AE0 3/8/2023 4.600 248,000.00 248,000.00 248,000.00 250,889.20 3/8/2028 1,012 718.86 0.09 Golden State Bank CA 4.45 6/22/2027 38120MCA2 6/22/2023 4.450 249,000.00 249,000.00 249,000.00 250,444.20 6/22/2027 752 273.22 0.09 Goldman Sachs Bank USA 1 7/28/2026 38149MXK4 7/28/2021 1.000 248,000.00 248,000.00 248,000.00 238,662.80 7/28/2026 423 835.73 0.09 Greenstate Credit Union IA 0.95 4/16/2026 39573LBC1 4/16/2021 0.950 249,000.00 249,000.00 249,000.00 241,749.12 4/16/2026 320 194.42 0.09 Healthcare Systems FCU VA 5.1 10/27/2028 42228LAN1 10/27/2023 5.100 248,000.00 248,000.00 248,000.00 255,115.12 10/27/2028 1,245 138.61 0.09 Ideal Credit Union MN 4.5 12/29/2027 45157PAZ3 12/29/2022 4.500 248,000.00 248,000.00 248,000.00 250,115.44 12/29/2027 942 917.26 0.09 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 6/29/2023 4.700 248,000.00 248,000.00 248,000.00 250,685.84 6/29/2027 759 63.87 0.09 Knoxville TVA Employees Credit Union 4.85 8/25/202 499724AP7 8/25/2023 4.850 248,000.00 248,000.00 248,000.00 253,056.72 8/25/2028 1,182 988.60 0.09 Lafayette FCU MD 4.1 3/28/2029 50625LCA9 3/28/2025 4.100 248,000.00 248,000.00 248,000.00 246,807.12 3/28/2029 1,397 83.57 0.09 Latino Community Credit Union NC 4.5 12/21/2027 51828MAC8 12/21/2022 4.500 248,000.00 248,000.00 248,000.00 250,073.28 12/21/2027 934 305.75 0.09 Leaders Credit Union TN 5.1 10/30/2028 52171MAM7 10/30/2023 5.100 248,000.00 248,000.00 248,000.00 255,149.84 10/30/2028 1,248 34.65 0.09 Legacy Bank & Trust Co. MO 4.5 9/27/2028 52470QEC4 9/27/2023 4.500 248,000.00 248,000.00 248,000.00 250,405.60 9/27/2028 1,215 122.30 0.09 Legends Bank TN 3.75 9/11/2028 52465JKL0 9/11/2024 3.750 248,000.00 248,000.00 248,000.00 244,716.48 9/11/2028 1,199 509.59 0.09 Liberty First Credit Union NE 4.5 2/22/2028 530520AH8 2/21/2023 4.500 248,000.00 248,000.00 248,000.00 250,187.36 2/22/2028 997 917.26 0.09 Maine Community Bank 3.75 8/30/2027 560390DC7 8/30/2024 3.750 248,000.00 248,000.00 248,000.00 245,872.16 8/30/2027 821 25.48 0.09 Maine Savings FCU 4.8 7/21/2028 560507AQ8 7/21/2023 4.800 248,000.00 248,000.00 248,000.00 252,602.88 7/21/2028 1,147 326.14 0.09 Marathon Bank WI 1.8 3/16/2027 565819AG4 3/16/2022 1.800 248,000.00 248,000.00 248,000.00 237,782.40 3/16/2027 654 183.45 0.09 Marine FCU NC 4 8/31/2026 56824JBC7 8/30/2024 4.000 248,000.00 248,000.00 248,000.00 247,181.60 8/31/2026 457 27.18 0.09 Medallion Bank UT 4.85 10/20/2028 58404DTP6 10/20/2023 4.850 248,000.00 248,000.00 248,000.00 257,200.80 10/20/2028 1,238 362.49 0.09 Merrick Bank UT 1.1 11/9/2026 59013KPN0 11/9/2021 1.100 249,000.00 249,000.00 249,000.00 238,081.35 11/9/2026 527 165.09 0.09 Metro Credit Union MA 1.7 2/18/2027 59161YAP1 2/18/2022 1.700 249,000.00 249,000.00 249,000.00 238,681.44 2/18/2027 628 347.92 0.09 Mid Carolina Credit Union SC 4.85 3/13/2026 59524LAA4 3/13/2023 4.850 248,000.00 248,000.00 248,000.00 249,212.72 3/13/2026 286 593.16 0.09 Milestone Bk f/k/a LCA UT 1 6/26/2026 501798RP9 12/27/2021 1.000 248,000.00 248,000.00 248,000.00 239,515.92 6/26/2026 391 1,053.15 0.09 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 5/1/2023 4.250 248,000.00 248,000.00 248,000.00 248,379.44 5/3/2027 702 866.30 0.0938 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Money One FCU MD 5 9/14/2028 60936TAL3 9/14/2023 5.000 248,000.00 248,000.00 248,000.00 254,212.40 9/14/2028 1,202 577.53 0.09 Morgan Stanley Bank, NA 4.25 3/5/2030 61690DT40 3/5/2025 4.250 244,000.00 244,000.00 244,000.00 243,870.68 3/5/2030 1,739 2,471.75 0.09 Morgan Stanley Private Bank 4.25 3/5/2030 61776NMT7 3/5/2025 4.250 244,000.00 244,000.00 244,000.00 243,870.68 3/5/2030 1,739 2,471.75 0.09 Mountain American FCU 4.7 4/28/2026 62384RAT3 4/28/2023 4.700 248,000.00 248,000.00 248,000.00 248,818.40 4/28/2026 332 958.03 0.09 MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 8/1/2024 4.050 248,000.00 248,000.00 248,000.00 247,345.28 2/1/2028 976 825.53 0.09 Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 3/2/2022 1.800 245,000.00 245,000.00 245,000.00 240,305.80 3/2/2026 275 1,087.40 0.09 Northpointe Bank MI 4.85 10/20/2028 666613MK7 10/20/2023 4.850 248,000.00 248,000.00 248,000.00 253,138.56 10/20/2028 1,238 362.49 0.09 Numerica CU 4.15 11/26/2029 67054NBT9 11/26/2024 4.150 248,000.00 248,000.00 248,000.00 246,958.40 11/26/2029 1,640 140.99 0.09 Optum Bank, Inc UT 4 4/29/2030 68405VDD8 4/28/2025 4.000 245,000.00 245,000.00 245,000.00 242,260.90 4/29/2030 1,794 886.03 0.09 Oregon Community Credit Union 4.85 6/7/2027 68584JAT6 6/7/2024 4.850 248,000.00 248,000.00 248,000.00 251,328.16 6/7/2027 737 790.88 0.09 Pacific Crest Savings Bank WA 3.9 8/16/2029 69417ADA4 8/16/2024 3.900 248,000.00 248,000.00 248,000.00 244,629.68 8/16/2029 1,538 397.48 0.09 Parkside Financial B&T MO 3.75 9/13/2028 70147AGA6 9/13/2024 3.750 248,000.00 248,000.00 248,000.00 244,706.56 9/13/2028 1,201 458.63 0.09 Partners Bank of California 4.15 8/27/2027 70212YBY7 2/27/2025 4.150 244,000.00 244,000.00 244,000.00 243,958.52 8/27/2027 818 2,580.05 0.09 Pentagon FCU 0.7 9/2/2025 70962LAF9 9/1/2021 0.700 249,000.00 249,000.00 249,000.00 246,646.95 9/2/2025 94 143.26 0.09 Peoples Exchange Bank KY 4.15 8/9/2027 71104AAS2 8/9/2024 4.150 248,000.00 248,000.00 248,000.00 247,970.24 8/9/2027 800 620.34 0.09 Ponce Bank NY 3.5 9/15/2027 732329BD8 9/15/2022 3.500 248,000.00 248,000.00 248,000.00 244,453.60 9/15/2027 837 380.49 0.09 Prevail Bank WI 4.25 1/24/2028 887171AB2 7/24/2024 4.250 249,000.00 249,000.00 249,000.00 249,595.11 1/24/2028 968 202.95 0.09 RiverWood Bank MN 3.85 3/11/2027 76951DBZ2 9/11/2024 3.850 248,000.00 248,000.00 248,000.00 246,556.64 3/11/2027 649 523.18 0.09 Rize FCU f/k/a SCE CA 4.7 6/20/2029 78413RAV9 6/20/2024 4.700 248,000.00 248,000.00 248,000.00 252,121.76 6/20/2029 1,481 351.28 0.09 Rockland FCU MA 4.6 12/22/2026 77357DAD0 12/22/2023 4.600 248,000.00 248,000.00 248,000.00 249,408.64 12/22/2026 570 281.29 0.09 Safra Nat'l Bank NY f/k/a/ Delta Nat'l 2 2 24773RCR4 3/9/2022 2.000 245,000.00 245,000.00 245,000.00 235,993.80 2/25/2027 635 1,114.25 0.09 Sallie Mae Bank UT 1 7/28/2026 795451AF0 7/28/2021 1.000 248,000.00 248,000.00 248,000.00 238,861.20 7/28/2026 423 835.73 0.09 San Francisco FCU CA 4.35 2/3/2028 79772FAG1 2/3/2023 4.350 248,000.00 248,000.00 248,000.00 249,225.12 2/3/2028 978 827.57 0.09 Signature FCU VA 4.4 1/31/2028 82671DAB3 1/31/2023 4.400 248,000.00 248,000.00 248,000.00 249,535.12 1/31/2028 975 0.00 0.09 Simmons Bank f/k/a Landmark Comm. 0.5 1/22/2026 51507LCC6 1/22/2021 0.500 248,000.00 248,000.00 248,000.00 241,941.36 1/22/2026 236 30.58 0.09 39 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio SkyOne FCU CA 3.9 10/25/2028 83088XAR9 10/25/2024 3.900 248,000.00 248,000.00 248,000.00 245,688.64 10/25/2028 1,243 158.99 0.09 SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 8/14/2024 4.100 248,000.00 248,000.00 248,000.00 247,442.00 8/14/2028 1,171 473.58 0.09 Southern Bank GA 4.25 1/28/2026 84229LBA9 10/28/2022 4.250 244,000.00 244,000.00 244,000.00 243,812.12 1/28/2026 242 937.56 0.09 Southern Bank MO 4.2 5/17/2028 843383CS7 5/17/2023 4.200 248,000.00 248,000.00 248,000.00 248,317.44 5/17/2028 1,082 399.52 0.09 Southern Bank of TN 4.35 7/12/2029 84229QAC5 7/12/2024 4.350 248,000.00 248,000.00 248,000.00 248,905.20 7/12/2029 1,503 561.57 0.09 Southern States Bank 4.15 9/21/2026 843879GS0 3/21/2025 4.150 248,000.00 248,000.00 248,000.00 247,645.36 9/21/2026 478 281.97 0.09 St. Vincent's Medical Center FCU 4.6 6/16/2027 85279AAC6 6/16/2023 4.600 248,000.00 248,000.00 248,000.00 250,155.12 6/16/2027 746 468.82 0.09 Stearns Bank, NA MN 4.2 8/9/2027 857894Q51 8/8/2024 4.200 244,000.00 244,000.00 244,000.00 244,239.12 8/9/2027 800 3,144.59 0.09 Sunwest Bank 3.55 9/28/2029 86804DDG0 9/30/2024 3.550 248,000.00 248,000.00 248,000.00 241,167.60 9/28/2029 1,581 24.12 0.09 Synchrony Bank 0.9 9/3/2026 87165ET98 9/3/2021 0.900 245,000.00 245,000.00 245,000.00 234,947.65 9/3/2026 460 549.74 0.09 Technology Credit Union CA 5 5/29/2026 87868YAQ6 5/30/2023 5.000 248,000.00 248,000.00 248,000.00 249,686.40 5/29/2026 363 1,019.18 0.09 Texas Exchange Bank 3.7 9/6/2029 88241TSW1 9/6/2024 3.700 248,000.00 248,000.00 248,000.00 242,658.08 9/6/2029 1,559 628.49 0.09 The Genoa Banking Co. 4.6 11/28/2028 372348DJ8 11/28/2023 4.600 248,000.00 248,000.00 248,000.00 251,189.28 11/28/2028 1,277 93.76 0.09 The Greenwood's State Bank WI 3.05 5/17/2027 397417AQ9 5/17/2022 3.050 248,000.00 248,000.00 248,000.00 242,811.84 5/17/2027 716 290.13 0.09 The Pitney Bowes Bank, Inc UT 4.35 4/13/2028 724468AC7 4/14/2023 4.350 244,000.00 244,000.00 244,000.00 245,290.76 4/13/2028 1,048 1,366.73 0.09 Third Federal Savings & Loan 3.3 8/19/2027 88413QDN5 8/19/2022 3.300 245,000.00 245,000.00 245,000.00 240,585.10 8/19/2027 810 2,237.22 0.09 Toyota Financial Savings Bank NV 0.9 4/22/2026 89235MKY6 4/22/2021 0.900 245,000.00 245,000.00 245,000.00 237,637.75 4/22/2026 326 235.60 0.09 True Sky FCU 1.6 2/4/2027 89786MAF1 2/4/2022 1.600 245,000.00 245,000.00 245,000.00 234,746.75 2/4/2027 614 1,245.81 0.09 Truliant FCU NC 4.7 9/10/2027 89789AAG2 3/10/2023 4.700 248,000.00 248,000.00 248,000.00 250,931.36 9/10/2027 832 670.62 0.09 Tuscon FCU AZ 5 9/8/2028 898812AC6 9/8/2023 5.000 248,000.00 248,000.00 248,000.00 254,195.04 9/8/2028 1,196 781.37 0.09 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 10/25/2023 4.900 248,000.00 248,000.00 248,000.00 253,537.84 10/25/2028 1,243 199.76 0.09 United Fidelity Bank, fsb IN 4.5 6/29/2028 910286GN7 6/29/2023 4.500 248,000.00 248,000.00 248,000.00 254,834.88 6/29/2028 1,125 61.15 0.09 United Roosevelt Savings Bank NJ 1.9 3/11/2027 91139LAB2 3/11/2022 1.900 248,000.00 248,000.00 248,000.00 238,273.44 3/11/2027 649 258.19 0.09 United Teletech FCU NJ 5.1 11/8/2027 913065AD0 11/8/2023 5.100 248,000.00 248,000.00 248,000.00 253,426.24 11/8/2027 891 797.00 0.09 University Bank MI 4.2 11/30/2027 914098DJ4 11/30/2022 4.200 249,000.00 249,000.00 249,000.00 249,296.31 11/30/2027 913 28.65 0.09 40 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio University Credit Union Los Angeles 4 9/26/2025 914242AA0 9/26/2022 4.000 248,000.00 248,000.00 248,000.00 247,685.04 9/26/2025 118 135.89 0.09 Univest Bank & Trust Co. PA 4.35 5/12/2028 91527PBY2 5/12/2023 4.350 248,000.00 248,000.00 248,000.00 249,346.64 5/12/2028 1,077 561.57 0.09 USAlliance Financial FCU NY 4.55 5/26/2028 90352RDB8 5/26/2023 4.550 248,000.00 248,000.00 248,000.00 250,755.28 5/26/2028 1,091 154.58 0.09 Utah First FCU 5 7/21/2028 91739JAB1 7/21/2023 5.000 245,000.00 245,000.00 245,000.00 250,987.80 7/21/2028 1,147 335.62 0.09 Valley National Bank NJ 4.95 5/29/2026 919853LV1 5/29/2024 4.950 244,000.00 244,000.00 244,000.00 245,415.20 5/29/2026 363 66.18 0.09 Valleystar Credit Union VA 5.2 11/8/2028 92023CAJ2 11/8/2023 5.200 247,000.00 247,000.00 247,000.00 254,908.94 11/8/2028 1,257 809.35 0.09 Vibrant Credit Union IL 0.8 6/30/2026 92559TAJ7 7/2/2021 0.851 249,000.00 248,377.50 248,865.46 239,796.96 6/30/2026 395 163.73 0.09 VisionBank MN 4.05 5/12/2028 92834ABT2 5/12/2023 4.050 248,000.00 248,000.00 248,000.00 247,283.28 5/12/2028 1,077 522.84 0.09 VyStar Credit Union FL 4.55 3/10/2028 92891CCZ3 3/10/2023 4.550 248,000.00 248,000.00 248,000.00 250,576.72 3/10/2028 1,014 927.45 0.09 Washington Financial Bank PA 4.5 5/31/2029 93883MBA5 5/31/2024 4.500 244,000.00 244,000.00 244,000.00 246,249.68 5/31/2029 1,461 0.00 0.09 Workers FCU MA 5.2 10/30/2028 98138MCA6 10/30/2023 5.200 248,000.00 248,000.00 248,000.00 255,938.48 10/30/2028 1,248 35.33 0.09 Sub Total / Average Certificate Of Deposit 3.793 36,837,000.00 36,836,377.50 36,836,865.46 36,754,413.40 875 110,556.12 13.09 Corporate Blackrock Funding Inc 4.7 3/14/2029-29 09290DAA9 3/28/2024 4.623 1,000,000.00 1,003,380.00 1,002,579.03 1,015,840.00 3/14/2029 1,383 10,052.78 0.36 International Finance Corp 0.5 2/26/2026 45950VPS9 2/26/2021 0.610 500,000.00 497,300.00 499,602.50 485,625.00 2/26/2026 271 659.72 0.18 Walmart Inc 3.7 6/26/2028- 28 931142EE9 6/26/2023 4.303 1,000,000.00 973,110.00 983,498.30 990,980.00 6/26/2028 1,122 15,930.56 0.36 Sub Total / Average Corporate 3.692 2,500,000.00 2,473,790.00 2,485,679.83 2,492,445.00 1,056 26,643.06 0.89 Guaranteed Investment Contract CAMP TERM 5.16 6/12/2025 CAMPTERM61225 7/2/2024 5.160 30,000,000.00 30,000,000.00 30,000,000.00 30,000,000.00 6/12/2025 12 1,412,284.93 10.66 Sub Total / Average Guaranteed Investment Contract 5.160 30,000,000.00 30,000,000.00 30,000,000.00 30,000,000.00 12 1,412,284.93 10.66 Local Government Investment Pool CAMP LGIP CAMP7001 3/31/2024 4.420 28,105,035.34 28,105,035.34 28,105,035.34 28,105,035.34 N/A 1 9.99 LAIF | City LGIP CITYLAIF3434 2/28/2024 4.272 20,788,232.32 20,788,232.32 20,788,232.32 20,813,143.07 N/A 1 7.39 LAIF | Housing LGIP HOUSINGLAIF3005 2/28/2024 4.272 2,227,242.17 2,227,242.17 2,227,242.17 2,229,911.10 N/A 1 0.79 Sub Total / Average Local Government Investment Pool 4.353 51,120,509.83 51,120,509.83 51,120,509.83 51,148,089.51 1 0.00 18.16 41 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Money Market BMO Bank | Operating MM BMO1851OP 3/31/2024 4.190 22,861,120.01 22,861,120.01 22,861,120.01 22,861,120.01 N/A 1 8.12 OPEB Trust MM OPEBTRUST 3/31/2024 2.260 2,105,421.11 2,105,421.11 2,105,421.11 2,105,421.11 N/A 1 0.75 PARS Pension Trust MM PARSTRUST 3/31/2024 1.410 6,032,244.24 6,032,244.24 6,032,244.24 6,032,244.24 N/A 1 2.14 US Bank | Custodian MM USB3000 3/31/2024 4.180 1,561,974.12 1,561,974.12 1,561,974.12 1,561,974.12 N/A 1 0.55 US Bank | Fiscal Agent MM USB4000-6000 3/31/2024 3.770 23,175.97 23,175.97 23,175.97 23,175.97 N/A 1 0.01 Sub Total / Average Money Market 3.550 32,583,935.45 32,583,935.45 32,583,935.45 32,583,935.45 1 0.00 11.58 US Agency FFCB 0.5 6/9/2025 3133ELH23 6/9/2020 0.506 500,000.00 499,850.00 499,999.42 499,615.00 6/9/2025 9 1,194.44 0.18 FFCB 0.68 6/10/2025-22 3133ELH80 6/10/2020 0.680 500,000.00 500,000.00 500,000.00 499,575.00 6/10/2025 10 1,615.00 0.18 FFCB 0.71 8/10/2026-23 3133EM2C5 8/10/2021 0.792 500,000.00 498,000.00 499,524.18 480,620.00 8/10/2026 436 1,094.58 0.18 FFCB 0.8 9/10/2026 3133EM4X7 9/28/2021 0.985 1,000,000.00 991,080.00 997,702.42 959,440.00 9/10/2026 467 1,800.00 0.36 FFCB 1.27 11/2/2026 3133ENCQ1 11/2/2021 1.270 1,000,000.00 1,000,000.00 1,000,000.00 962,160.00 11/2/2026 520 1,023.06 0.36 FFCB 3.375 9/15/2027 3133ENL99 9/15/2022 3.430 1,000,000.00 997,492.55 998,852.90 985,750.00 9/15/2027 837 7,125.00 0.36 FFCB 3.5 9/10/2029 3133ERSP7 9/18/2024 3.470 1,000,000.00 1,001,350.00 1,001,159.40 976,430.00 9/10/2029 1,563 7,875.00 0.36 FFCB 3.75 12/7/2027 3133EN3S7 12/7/2022 3.794 1,000,000.00 998,000.00 998,993.89 993,800.00 12/7/2027 920 18,125.00 0.36 FFCB 3.75 8/15/2029 3133ERPS4 8/15/2024 3.800 1,000,000.00 997,742.00 998,100.77 986,380.00 8/15/2029 1,537 11,041.67 0.36 FFCB 3.875 1/18/2029 3133EPW84 1/18/2024 4.051 1,000,000.00 992,100.00 994,263.72 992,510.00 1/18/2029 1,328 14,315.97 0.36 FFCB 3.875 1/18/2029 3133EPW84 1/30/2024 4.000 1,000,000.00 994,400.00 995,903.36 992,510.00 1/18/2029 1,328 14,315.97 0.36 FFCB 3.875 10/15/2027 3133ERXJ5 10/15/2024 3.875 1,000,000.00 1,000,000.00 1,000,000.00 996,570.00 10/15/2027 867 4,951.39 0.36 FFCB 3.875 12/10/2027 3133ER6Q9 3/19/2025 4.020 1,000,000.00 996,331.25 996,600.52 996,770.00 12/10/2027 923 8,718.75 0.36 FFCB 3.875 2/14/2028 3133EPAV7 2/15/2023 3.977 1,000,000.00 995,400.00 997,513.24 997,570.00 2/14/2028 989 11,517.36 0.36 FFCB 3.875 6/8/2028 3133EPME2 6/8/2023 3.915 1,000,000.00 998,190.00 998,907.36 998,140.00 6/8/2028 1,104 18,621.53 0.36 FFCB 4 11/29/2027 3133EN3H1 11/29/2022 4.030 1,000,000.00 998,650.00 999,326.88 1,001,200.00 11/29/2027 912 222.22 0.36 FFCB 4 3/18/2030 3133ER7L9 3/19/2025 4.080 1,000,000.00 996,415.16 996,558.63 999,040.00 3/18/2030 1,752 8,111.11 0.36 FFCB 4 4/1/2030 3133ETBF3 4/9/2025 3.900 1,000,000.00 1,004,470.00 1,004,340.29 999,410.00 4/1/2030 1,766 6,666.67 0.36 FFCB 4 5/1/2030 3133ETFA0 5/1/2025 4.000 1,000,000.00 1,000,000.00 1,000,000.00 1,000,070.00 5/1/2030 1,796 3,333.33 0.36 FFCB 4 9/29/2027 3133ENQ29 9/30/2022 4.080 1,000,000.00 996,400.00 998,322.14 1,002,010.00 9/29/2027 851 6,888.89 0.36 FFCB 4.125 12/17/2029 3133ERL41 12/17/2024 4.140 1,000,000.00 999,320.00 999,381.96 1,002,540.00 12/17/2029 1,661 18,791.67 0.36 FFCB 4.125 2/13/2029 3133EP3B9 2/14/2024 4.318 1,000,000.00 991,400.00 993,633.70 1,001,360.00 2/13/2029 1,354 12,375.00 0.36 FFCB 4.25 7/17/2028 3133EPQD0 7/31/2023 4.280 1,000,000.00 998,655.69 999,152.47 1,008,850.00 7/17/2028 1,143 15,819.44 0.36 FFCB 4.25 8/7/2028 3133EPSK2 8/18/2023 4.467 1,000,000.00 990,400.00 993,852.35 1,009,000.00 8/7/2028 1,164 13,458.33 0.36 FFCB 4.33 3/18/2030-27 3133ER7E5 4/23/2025 4.330 1,000,000.00 1,000,000.00 1,000,000.00 998,110.00 3/18/2030 1,752 8,780.28 0.36 FFCB 4.375 4/10/2029 3133ERAK7 4/23/2024 4.701 1,000,000.00 985,690.00 988,877.12 1,010,610.00 4/10/2029 1,410 6,197.92 0.36 FFCB 4.625 11/13/2028 3133EPC45 11/13/2023 4.630 1,000,000.00 999,770.00 999,841.34 1,020,140.00 11/13/2028 1,262 2,312.50 0.36 FHLB 0.375 12/12/2025 3130AKFA9 12/7/2020 0.480 500,000.00 497,400.00 499,726.16 490,230.00 12/12/2025 195 880.21 0.18 FHLB 0.5 6/13/2025 3130AJKW8 6/3/2020 0.506 500,000.00 499,850.00 499,999.09 499,450.00 6/13/2025 13 1,166.67 0.18 FHLB 0.51 1/14/2026-22 3130AKMZ6 1/14/2021 0.510 500,000.00 500,000.00 500,000.00 488,215.00 1/14/2026 228 970.42 0.1842 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio FHLB 0.55 1/29/2026-21 3130AKN28 1/29/2021 0.550 500,000.00 500,000.00 500,000.00 487,610.00 1/29/2026 243 931.94 0.18 FHLB 0.68 6/30/2025-21 3130AJRP6 6/30/2020 0.680 300,000.00 300,000.00 300,000.00 299,061.00 6/30/2025 30 850.00 0.11 FHLB 0.75 6/12/2026 3130AMFS6 6/17/2021 0.885 1,000,000.00 993,420.00 998,642.92 966,300.00 6/12/2026 377 3,520.83 0.36 FHLB 0.95 10/13/2026-23 3130APB46 10/13/2021 0.986 1,000,000.00 998,250.00 999,522.37 958,000.00 10/13/2026 500 1,266.67 0.36 FHLB 1 9/30/2026-22 3130APBM6 9/30/2021 1.021 1,000,000.00 999,000.00 999,733.74 959,660.00 9/30/2026 487 1,666.67 0.36 FHLB 1.25 12/21/2026 3130AQF65 12/22/2021 1.255 1,000,000.00 999,750.00 999,922.27 959,630.00 12/21/2026 569 5,555.56 0.36 FHLB 1.5 1/27/2027-23 3130AQJR5 1/27/2022 1.500 1,000,000.00 1,000,000.00 1,000,000.00 958,600.00 1/27/2027 606 5,166.67 0.36 FHLB 1.83 2/10/2027-23 3130AQSA2 2/10/2022 1.830 1,000,000.00 1,000,000.00 1,000,000.00 963,250.00 2/10/2027 620 5,642.50 0.36 FHLB 2.5 10/14/2025-23 3130ARGJ4 4/14/2022 2.500 500,000.00 500,000.00 500,000.00 496,490.00 10/14/2025 136 1,631.94 0.18 FHLB 2.7 4/19/2027-24 3130ARGY1 4/19/2022 2.700 1,000,000.00 1,000,000.00 1,000,000.00 976,610.00 4/19/2027 688 3,150.00 0.36 FHLB 3.3 6/28/2027-24 3130ASDV8 6/28/2022 3.300 300,000.00 300,000.00 300,000.00 296,121.00 6/28/2027 758 4,207.50 0.11 FHLB 4 10/5/2029-27 3130B35F6 10/8/2024 4.000 1,000,000.00 1,000,000.00 1,000,000.00 987,190.00 10/5/2029 1,588 6,222.22 0.36 FHLB 4 10/9/2026 3130B3A29 3/19/2025 4.020 1,000,000.00 999,682.10 999,722.97 999,040.00 10/9/2026 496 5,777.78 0.36 FHLB 4.125 4/4/2030-27 3130B5SX7 4/4/2025 4.125 1,000,000.00 1,000,000.00 1,000,000.00 998,430.00 4/4/2030 1,769 6,531.25 0.36 FHLB 4.125 9/14/2029 3130ATHX8 10/31/2024 4.125 1,000,000.00 1,000,000.00 1,000,000.00 1,005,970.00 9/14/2029 1,567 8,822.92 0.36 FHLB 4.2 3/27/2030-28 3130B5K80 3/27/2025 4.200 1,000,000.00 1,000,000.00 1,000,000.00 988,950.00 3/27/2030 1,761 7,466.67 0.36 FHLB 4.3 10/23/2029-26 3130B3ES8 10/30/2024 4.351 1,000,000.00 997,750.00 998,013.52 994,070.00 10/23/2029 1,606 4,538.89 0.36 FHLB 4.45 2/12/2029-27 3130AYXU5 2/15/2024 4.450 2,000,000.00 2,000,000.00 2,000,000.00 1,998,720.00 2/12/2029 1,353 26,947.22 0.71 FHLB 4.5 12/10/2029-26 3130B46Y2 12/31/2024 4.500 1,000,000.00 1,000,000.00 1,000,000.00 999,290.00 12/10/2029 1,654 20,500.00 0.36 FHLB 4.5 2/18/2028-26 3130B4YH8 2/26/2025 4.500 1,000,000.00 1,000,000.00 1,000,000.00 997,580.00 2/18/2028 993 12,875.00 0.36 FHLB 4.65 1/14/2030-28 3130B4LS8 1/14/2025 4.650 1,000,000.00 1,000,000.00 1,000,000.00 1,009,200.00 1/14/2030 1,689 17,695.83 0.36 FHLB 4.75 9/8/2028 3130AXEL8 10/3/2023 4.762 1,000,000.00 999,500.00 999,668.55 1,024,610.00 9/8/2028 1,196 10,951.39 0.36 FHLB 5 2/15/2029-25 3130AYYJ9 2/15/2024 5.000 1,000,000.00 1,000,000.00 1,000,000.00 999,260.00 2/15/2029 1,356 14,722.22 0.36 FHLB 5.04 4/23/2029-27 3130B14L8 4/25/2024 5.040 900,000.00 900,000.00 900,000.00 909,495.00 4/23/2029 1,423 4,788.00 0.32 FHLB Step 11/24/2026-22 3130APTV7 11/24/2021 1.489 500,000.00 499,500.00 499,852.14 485,765.00 11/24/2026 542 194.44 0.18 FHLB Step 3/30/2026 3130ALV92 3/30/2021 0.938 500,000.00 500,000.00 500,000.00 486,970.00 3/30/2026 303 875.00 0.18 FHLMC 0.375 7/21/2025 3137EAEU9 12/7/2020 0.434 1,000,000.00 997,300.00 999,920.44 994,760.00 7/21/2025 51 1,354.17 0.36 FHLMC 0.375 7/21/2025 3137EAEU9 1/5/2022 1.120 500,000.00 487,090.00 499,503.85 497,380.00 7/21/2025 51 677.08 0.18 FHLMC 0.375 9/23/2025 3137EAEX3 2/23/2021 0.552 500,000.00 495,999.50 499,728.45 493,955.00 9/23/2025 115 354.17 0.18 FHLMC 0.375 9/23/2025 3137EAEX3 3/30/2021 0.740 1,000,000.00 983,940.00 998,874.90 987,910.00 9/23/2025 115 708.33 0.36 FHLMC 0.55 12/30/2025 3134GXGZ1 12/30/2020 0.550 500,000.00 500,000.00 500,000.00 489,630.00 12/30/2025 213 1,145.83 0.18 FHLMC 0.65 10/27/2025-21 3134GW5R3 1/5/2022 1.232 400,000.00 391,360.00 399,086.21 393,932.00 10/27/2025 149 245.56 0.14 FHLMC 0.7 12/30/2026-21 3134GWUQ7 2/10/2022 1.870 1,000,000.00 945,570.00 982,423.97 948,170.00 12/30/2026 578 1,166.67 0.36 FHLMC 0.8 10/28/2026-21 3134GW6C5 1/5/2022 1.404 500,000.00 486,000.00 495,909.93 477,815.00 10/28/2026 515 366.67 0.18 FNMA 0.5 11/7/2025 3135G06G3 12/7/2021 1.120 1,000,000.00 976,300.00 997,392.83 983,580.00 11/7/2025 160 333.33 0.36 FNMA 0.5 11/7/2025 3135G06G3 8/29/2024 4.170 1,000,000.00 957,850.00 984,636.92 983,580.00 11/7/2025 160 333.33 0.36 FNMA 0.5 8/14/2025-23 3135G05S8 8/14/2020 0.500 500,000.00 500,000.00 500,000.00 496,090.00 8/14/2025 75 743.06 0.18 FNMA 0.52 8/18/2025 3136G4M75 8/28/2020 0.530 500,000.00 499,750.00 499,989.38 496,010.00 8/18/2025 79 743.89 0.18 FNMA 0.56 11/17/2025-22 3135GA2Z3 11/17/2020 0.591 500,000.00 499,250.00 499,931.21 491,535.00 11/17/2025 170 108.89 0.18 43 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio FNMA 0.56 8/21/2025-23 3136G4N74 8/21/2020 0.560 1,000,000.00 1,000,000.00 1,000,000.00 991,680.00 8/21/2025 82 1,555.56 0.36 FNMA 0.6 12/23/2025-21 3135GA7D7 12/23/2020 0.600 500,000.00 500,000.00 500,000.00 490,105.00 12/23/2025 206 1,316.67 0.18 FNMA 4 5/6/2030-27 3136GAGH6 5/6/2025 4.000 1,000,000.00 1,000,000.00 1,000,000.00 989,460.00 5/6/2030 1,801 2,777.78 0.36 FNMA 4.125 3/12/2030-26 3136GACD9 3/12/2025 4.375 1,000,000.00 988,880.00 989,368.04 991,690.00 3/12/2030 1,746 9,052.08 0.36 FNMA 4.25 4/8/2030-27 3136GAF20 4/9/2025 4.250 1,000,000.00 1,000,000.00 1,000,000.00 1,001,960.00 4/8/2030 1,773 6,256.94 0.36 FNMA 4.5 5/20/2030-26 3136GAHF9 5/28/2025 4.500 1,000,000.00 1,000,000.00 1,000,000.00 997,930.00 5/20/2030 1,815 375.00 0.36 Sub Total / Average US Agency 3.058 64,900,000.00 64,614,498.25 64,792,377.92 64,251,119.00 972 441,423.50 23.06 US Treasury T-Note 0.25 10/31/2025 91282CAT8 3/30/2021 0.750 1,000,000.00 977,500.00 997,958.21 983,400.00 10/31/2025 153 210.60 0.36 T-Note 0.375 1/31/2026 91282CBH3 2/23/2021 0.577 500,000.00 495,100.00 499,336.52 487,310.00 1/31/2026 245 621.55 0.18 T-Note 0.375 11/30/2025 91282CAZ4 4/22/2021 0.720 500,000.00 492,187.50 499,150.51 490,355.00 11/30/2025 183 0.00 0.18 T-Note 0.375 12/31/2025 91282CBC4 1/7/2021 0.431 500,000.00 498,632.81 499,839.82 488,940.00 12/31/2025 214 782.11 0.18 T-Note 0.5 2/28/2026 91282CBQ3 5/28/2021 0.750 500,000.00 494,165.00 499,085.76 486,375.00 2/28/2026 273 625.00 0.18 T-Note 0.5 2/28/2026 91282CBQ3 3/23/2022 2.353 750,000.00 698,025.00 740,162.00 729,562.50 2/28/2026 273 937.50 0.27 T-Note 0.625 7/31/2026 91282CCP4 9/29/2021 0.970 1,000,000.00 983,750.00 996,087.11 960,780.00 7/31/2026 426 2,071.82 0.36 T-Note 0.75 3/31/2026 91282CBT7 5/28/2021 0.770 500,000.00 499,525.00 499,918.33 486,125.00 3/31/2026 304 625.00 0.18 T-Note 0.75 3/31/2026 91282CBT7 6/17/2021 0.816 500,000.00 498,450.00 499,731.17 486,125.00 3/31/2026 304 625.00 0.18 T-Note 0.75 5/31/2026 91282CCF6 6/1/2021 0.810 1,000,000.00 997,060.00 999,413.29 966,960.00 5/31/2026 365 0.00 0.36 T-Note 0.75 5/31/2026 91282CCF6 6/17/2021 0.870 500,000.00 497,095.00 499,415.14 483,480.00 5/31/2026 365 0.00 0.18 T-Note 0.75 8/31/2026 91282CCW9 9/29/2021 0.990 1,000,000.00 988,500.00 997,080.18 959,960.00 8/31/2026 457 1,875.00 0.36 T-Note 0.75 8/31/2026 91282CCW9 3/22/2022 2.350 500,000.00 466,454.17 490,569.11 479,980.00 8/31/2026 457 937.50 0.18 T-Note 1.125 10/31/2026 91282CDG3 3/22/2022 2.350 500,000.00 473,396.82 491,827.78 480,175.00 10/31/2026 518 473.85 0.18 T-Note 1.5 1/31/2027 912828Z78 2/10/2022 1.781 1,000,000.00 986,700.00 995,537.36 960,470.00 1/31/2027 610 4,972.38 0.36 T-Note 1.875 7/31/2026 912828Y95 8/29/2024 3.876 1,000,000.00 963,281.25 977,685.90 974,920.00 7/31/2026 426 6,215.47 0.36 T-Note 2.25 8/15/2027 9128282R0 11/18/2022 3.950 1,000,000.00 927,110.00 966,060.46 965,590.00 8/15/2027 806 6,526.24 0.36 T-Note 2.375 4/30/2026 9128286S4 3/23/2022 2.400 1,000,000.00 999,010.00 999,779.93 983,900.00 4/30/2026 334 2,000.68 0.36 T-Note 2.375 5/15/2027 912828X88 6/7/2022 3.041 1,000,000.00 969,687.50 988,006.21 971,210.00 5/15/2027 714 1,032.61 0.36 T-Note 2.5 3/31/2027 91282CEF4 5/3/2022 3.010 1,000,000.00 976,860.00 991,374.15 974,920.00 3/31/2027 669 4,166.67 0.36 T-Note 2.625 2/15/2029 9128286B1 2/15/2024 4.286 1,000,000.00 925,976.56 945,070.23 956,250.00 2/15/2029 1,356 7,613.95 0.36 T-Note 2.625 5/31/2027 91282CET4 6/8/2022 2.980 500,000.00 491,842.18 496,724.31 487,695.00 5/31/2027 730 0.00 0.18 T-Note 2.625 5/31/2027 91282CET4 8/29/2024 3.720 1,000,000.00 971,555.99 979,339.18 975,390.00 5/31/2027 730 0.00 0.36 T-Note 2.75 4/30/2027 91282CEN7 6/8/2022 2.971 500,000.00 495,000.00 498,045.91 489,280.00 4/30/2027 699 1,158.29 0.18 T-Note 2.75 7/31/2027 91282CFB2 8/15/2022 2.980 1,000,000.00 989,460.00 995,399.67 976,450.00 7/31/2027 791 9,116.02 0.36 T-Note 2.75 7/31/2027 91282CFB2 8/29/2022 3.200 1,000,000.00 979,645.67 991,046.81 976,450.00 7/31/2027 791 9,116.02 0.36 T-Note 2.875 4/30/2029 91282CEM9 4/30/2024 4.658 1,000,000.00 921,300.00 938,367.47 962,580.00 4/30/2029 1,430 2,421.88 0.36 T-Note 3.125 11/15/2028 9128285M8 12/29/2023 3.880 1,000,000.00 966,718.75 976,411.77 975,350.00 11/15/2028 1,264 1,358.70 0.36 T-Note 3.125 8/31/2027 91282CFH9 1/24/2023 3.640 500,000.00 489,175.00 494,706.77 491,875.00 8/31/2027 822 3,906.25 0.18 T-Note 3.25 6/30/2027 91282CEW7 2/15/2023 4.075 1,000,000.00 967,220.00 984,401.24 987,460.00 6/30/2027 760 13,556.63 0.3644 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio T-Note 3.5 1/31/2028 91282CGH8 2/2/2023 3.580 1,000,000.00 996,369.14 998,060.09 990,700.00 1/31/2028 975 11,602.21 0.36 T-Note 3.5 1/31/2028 91282CGH8 8/29/2024 3.680 1,000,000.00 994,257.81 995,521.09 990,700.00 1/31/2028 975 11,602.21 0.36 T-Note 3.5 1/31/2030 91282CGJ4 1/13/2025 4.531 1,000,000.00 953,900.00 957,350.00 980,590.00 1/31/2030 1,706 11,602.21 0.36 T-Note 3.5 4/30/2028 91282CHA2 5/31/2023 3.837 1,000,000.00 985,000.00 991,108.64 989,960.00 4/30/2028 1,065 2,948.37 0.36 T-Note 3.5 4/30/2028 91282CHA2 7/19/2024 4.145 1,000,000.00 977,600.00 982,725.56 989,960.00 4/30/2028 1,065 2,948.37 0.36 T-Note 3.5 9/30/2029 91282CLN9 9/30/2024 3.510 1,000,000.00 999,530.00 999,592.55 982,810.00 9/30/2029 1,583 5,833.33 0.36 T-Note 3.625 3/31/2028 91282CGT2 5/31/2023 3.853 1,000,000.00 990,000.00 994,141.64 993,750.00 3/31/2028 1,035 6,041.67 0.36 T-Note 3.625 3/31/2028 91282CGT2 6/15/2023 3.980 1,000,000.00 984,600.00 990,900.80 993,750.00 3/31/2028 1,035 6,041.67 0.36 T-Note 3.625 3/31/2028 91282CGT2 10/19/2023 4.910 1,000,000.00 949,180.00 967,642.93 993,750.00 3/31/2028 1,035 6,041.67 0.36 T-Note 3.625 5/31/2028 91282CHE4 3/19/2025 4.013 1,000,000.00 988,400.00 989,124.38 993,130.00 5/31/2028 1,096 0.00 0.36 T-Note 3.625 8/31/2029 91282CLK5 9/3/2024 3.627 2,000,000.00 1,999,843.75 1,999,866.89 1,975,940.00 8/31/2029 1,553 18,125.00 0.71 T-Note 3.75 12/31/2028 91282CJR3 1/2/2024 3.815 1,000,000.00 997,067.49 997,895.02 995,120.00 12/31/2028 1,310 15,642.27 0.36 T-Note 3.75 12/31/2028 91282CJR3 6/12/2024 4.480 1,000,000.00 970,230.00 976,549.19 995,120.00 12/31/2028 1,310 15,642.27 0.36 T-Note 3.75 4/15/2028 91282CMW8 4/15/2025 3.760 1,000,000.00 999,726.56 999,738.04 996,800.00 4/15/2028 1,050 4,713.11 0.36 T-Note 3.75 5/31/2030 91282CHF1 5/15/2025 4.150 1,000,000.00 981,940.00 982,096.87 989,570.00 5/31/2030 1,826 0.00 0.36 T-Note 3.875 11/30/2029 91282CFY2 11/21/2024 4.271 1,000,000.00 982,265.63 984,111.55 996,880.00 11/30/2029 1,644 0.00 0.36 T-Note 3.875 4/30/2030 91282CMZ1 5/5/2025 3.900 1,000,000.00 998,867.19 998,883.36 996,020.00 4/30/2030 1,795 3,264.27 0.36 T-Note 3.875 9/30/2029 91282CFL0 10/8/2024 3.875 1,000,000.00 1,000,000.00 1,000,000.00 997,380.00 9/30/2029 1,583 6,458.33 0.36 T-Note 4 1/15/2027 91282CJT9 1/31/2024 4.115 1,000,000.00 996,813.45 998,248.73 1,000,120.00 1/15/2027 594 15,027.62 0.36 T-Note 4 10/31/2029 91282CFT3 10/31/2024 4.110 1,000,000.00 995,070.00 995,642.38 1,002,310.00 10/31/2029 1,614 3,369.57 0.36 T-Note 4 2/28/2030 91282CGQ8 2/26/2025 4.140 2,000,000.00 1,987,440.00 1,988,085.86 2,004,300.00 2/28/2030 1,734 20,000.00 0.71 T-Note 4 3/31/2030 91282CMU2 4/1/2025 3.950 1,000,000.00 1,002,265.63 1,002,191.14 1,001,720.00 3/31/2030 1,765 6,666.67 0.36 T-Note 4 7/31/2029 91282CLC3 7/31/2024 4.134 1,000,000.00 994,000.00 994,998.90 1,002,660.00 7/31/2029 1,522 13,259.67 0.36 T-Note 4.125 10/31/2027 91282CFU0 11/6/2023 4.524 750,000.00 739,200.00 743,448.69 754,072.50 10/31/2027 883 2,606.15 0.27 T-Note 4.125 10/31/2027 91282CFU0 5/31/2024 4.675 1,000,000.00 982,790.00 987,823.37 1,005,430.00 10/31/2027 883 3,474.86 0.36 T-Note 4.125 11/30/2029 91282CMA6 12/2/2024 4.180 1,000,000.00 997,539.06 997,781.92 1,007,540.00 11/30/2029 1,644 0.00 0.36 T-Note 4.125 3/31/2029 91282CKG5 4/1/2024 4.210 1,000,000.00 996,200.00 997,084.93 1,007,500.00 3/31/2029 1,400 6,875.00 0.36 T-Note 4.125 6/15/2026 91282CHH7 2/26/2025 4.091 1,000,000.00 1,000,380.00 1,000,304.64 999,810.00 6/15/2026 380 18,925.14 0.36 T-Note 4.125 9/30/2027 91282CFM8 7/30/2024 4.150 1,000,000.00 999,210.00 999,418.25 1,005,510.00 9/30/2027 852 6,875.00 0.36 T-Note 4.25 1/31/2026 91282CJV4 1/31/2024 4.330 1,000,000.00 998,482.98 999,492.94 999,600.00 1/31/2026 245 14,088.40 0.36 T-Note 4.25 1/31/2030 91282CMG3 1/31/2025 4.330 1,000,000.00 996,437.79 996,671.89 1,012,340.00 1/31/2030 1,706 14,088.40 0.36 T-Note 4.25 6/30/2029 91282CKX8 7/1/2024 4.290 2,000,000.00 1,996,433.38 1,997,086.12 2,024,140.00 6/30/2029 1,491 35,455.80 0.71 T-Note 4.375 12/31/2029 91282CMD0 12/31/2024 4.425 1,500,000.00 1,496,700.00 1,496,972.89 1,526,250.00 12/31/2029 1,675 27,373.96 0.53 T-Note 4.5 5/31/2029 91282CKT7 5/31/2024 4.540 2,000,000.00 1,996,484.38 1,997,187.12 2,042,340.00 5/31/2029 1,461 0.00 0.71 Sub Total / Average US Treasury 3.509 62,000,000.00 61,004,608.44 61,425,280.67 61,316,890.00 1,051 399,539.92 22.03 Total / Average 3.759 281,454,700.69 280,146,974.88 280,757,904.57 280,060,147.77 581 2,390,447.53 100 45 46 City of La Quinta | CA Portfolio Holdings Investment Portfolio | by Security Sector Report Format: By Transaction Group By: Security Sector Average By: Face Amount / Shares Portfolio / Report Group: All Portfolios As of 6/30/2025 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Cash BMO Bank | LQ Palms Realty Cash LQPR1935 3/31/2024 0.000 236,374.41 236,374.41 236,374.41 236,374.41 N/A 1 0.08 BMO Suntrust | Dune Palms Cash DPME4741-3599 3/31/2024 0.000 1,303,185.54 1,303,185.54 1,303,185.54 1,303,185.54 N/A 1 0.43 City of La Quinta Cash PETTYCASH 3/31/2024 0.000 3,300.00 3,300.00 3,300.00 3,300.00 N/A 1 0.00 Sub Total / Average Cash 0.000 1,542,859.95 1,542,859.95 1,542,859.95 1,542,859.95 1 0.00 0.51 Certificate Of Deposit Advantage Credit Union IA 4.45 7/31/2028 00790UAE7 7/31/2024 4.450 249,000.00 249,000.00 249,000.00 252,214.59 7/31/2028 1,127 0.00 0.08 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 3/17/2023 4.900 248,000.00 248,000.00 248,000.00 253,785.84 3/17/2028 991 432.81 0.08 Alabama Credit Union 5 6/22/2026 01025RAG4 6/20/2023 5.000 248,000.00 248,000.00 248,000.00 250,321.28 6/22/2026 357 339.73 0.08 All In FCU AL 4.4 12/20/2027 01664MAB2 12/20/2022 4.400 248,000.00 248,000.00 248,000.00 250,422.96 12/20/2027 903 298.96 0.08 Alliant Credit Union IL 5 12/30/2027 01882MAC6 12/30/2022 5.000 247,000.00 247,000.00 247,000.00 252,955.17 12/30/2027 913 0.00 0.08 Altaone FCU CA 4.45 7/19/2029 02157RAA5 7/19/2024 4.450 249,000.00 249,000.00 249,000.00 252,730.02 7/19/2029 1,480 880.37 0.08 Amerant Bank, NA FL 1.6 2/16/2027 02357QAQ0 2/14/2022 1.600 245,000.00 245,000.00 245,000.00 235,863.95 2/16/2027 596 1,460.60 0.08 American Express Nat'l Bank 3.45 7/27/2027 02589ADH2 8/29/2022 3.450 245,000.00 245,000.00 245,000.00 242,447.10 7/27/2027 757 3,566.26 0.08 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 9/21/2022 3.800 248,000.00 248,000.00 248,000.00 247,067.52 9/21/2027 813 748.76 0.08 Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 7/19/2023 4.400 248,000.00 248,000.00 248,000.00 256,818.88 7/19/2028 1,115 328.85 0.08 Ballston Spa Nat'l Bank NY 4.8 11/24/2026 058723AQ0 5/24/2024 4.800 248,000.00 248,000.00 248,000.00 250,675.92 11/24/2026 512 195.68 0.08 Bank Five Nine WI 4.25 5/12/2028 062119BT8 5/12/2023 4.250 248,000.00 248,000.00 248,000.00 249,703.76 5/12/2028 1,047 519.78 0.08 Bank of America 5.2 12/8/2025 06051XEF5 6/6/2024 5.200 243,000.00 243,000.00 243,000.00 243,942.84 12/8/2025 161 830.86 0.08 Bank of the Sierra CA 4.6 3/15/2027 064860MC0 3/15/2023 4.600 244,000.00 244,000.00 244,000.00 246,313.12 3/15/2027 623 3,290.32 0.08 47 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Bankers Bank WI 4.15 5/24/2028 06610RCA5 5/24/2023 4.150 248,000.00 248,000.00 248,000.00 249,036.64 5/24/2028 1,059 169.18 0.08 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 6/21/2024 4.500 248,000.00 248,000.00 248,000.00 252,101.92 6/21/2029 1,452 275.18 0.08 Baxter Credit Union IL 4.35 8/22/2028 07181JBH6 8/22/2024 4.350 248,000.00 248,000.00 248,000.00 250,507.28 8/22/2028 1,149 236.45 0.08 Beal Bank TX 1.9 2/17/2027 07371AYE7 2/23/2022 1.900 245,000.00 245,000.00 245,000.00 237,000.75 2/17/2027 597 1,619.68 0.08 Beal Bank USA NV 1.9 2/17/2027 07371CE88 2/23/2022 1.900 245,000.00 245,000.00 245,000.00 237,000.75 2/17/2027 597 1,619.68 0.08 Blue Ridge Bank, NA VA 4.2 2/28/2028 09582YAF9 2/28/2023 4.200 244,000.00 244,000.00 244,000.00 245,244.40 2/28/2028 973 3,425.36 0.08 BMW Bank North America 4 11/23/2027 05612LFA5 5/23/2025 4.000 244,000.00 244,000.00 244,000.00 243,985.36 11/23/2027 876 1,016.11 0.08 BNY Mellon, NA PA 4.5 9/7/2028 05584CJJ6 9/7/2023 4.500 244,000.00 244,000.00 244,000.00 247,416.00 9/7/2028 1,165 3,459.45 0.08 BOM Bank LA 4.1 6/24/2030 09776DAV6 6/24/2025 4.100 248,000.00 248,000.00 248,000.00 248,558.00 6/24/2030 1,820 167.15 0.08 Bridgewater Bank MN 4.85 3/29/2027 108622NJ6 3/29/2023 4.850 248,000.00 248,000.00 248,000.00 251,613.36 3/29/2027 637 32.95 0.08 Capital One, NA 1.1 11/17/2026 14042RQB0 11/17/2021 1.100 248,000.00 248,000.00 248,000.00 238,320.56 11/17/2026 505 328.85 0.08 Carter Bank & Trust 4.55 7/5/2029 146102AS7 7/5/2024 4.550 248,000.00 248,000.00 248,000.00 252,585.52 7/5/2029 1,466 772.88 0.08 Carter FCU LA 0.75 4/27/2026 14622LAA0 4/27/2021 0.750 248,000.00 248,000.00 248,000.00 241,725.60 4/27/2026 301 15.29 0.08 Celtic Bank UT 3.65 9/26/2029 15118RR33 9/26/2024 3.650 248,000.00 248,000.00 248,000.00 244,141.12 9/26/2029 1,549 99.20 0.08 Central Bank AK 4 5/12/2028 152577BN1 5/12/2023 4.000 248,000.00 248,000.00 248,000.00 248,027.28 5/12/2028 1,047 489.21 0.08 cfsbank PA 4.7 11/30/2027 12526AAM9 5/30/2024 4.700 244,000.00 244,000.00 244,000.00 247,874.72 11/30/2027 883 942.58 0.08 Chartway FCU VA 4.9 6/9/2026 16141BAC5 6/9/2023 4.900 248,000.00 248,000.00 248,000.00 249,954.24 6/9/2026 344 699.16 0.08 CIBC Bank USA IL 4.35 5/16/2028 12547CBJ6 5/16/2023 4.350 244,000.00 244,000.00 244,000.00 246,203.32 5/16/2028 1,051 1,308.58 0.08 Comenity Capital Bank UT 2.65 4/14/2027 20033A3A2 4/14/2022 2.650 248,000.00 248,000.00 248,000.00 242,303.44 4/14/2027 653 288.09 0.08 ConnectOne Bank NJ 0.8 9/24/2026 20786ADL6 9/24/2021 0.800 248,000.00 248,000.00 248,000.00 238,419.76 9/24/2026 451 32.61 0.08 Connexus Credit Union WI 1.25 12/23/2026 20825WAR1 12/23/2021 1.250 249,000.00 249,000.00 249,000.00 239,186.91 12/23/2026 541 0.00 0.08 Cornerstone Comm. FCU NY 3.7 10/1/2029 21923MAB7 9/30/2024 3.700 248,000.00 248,000.00 248,000.00 244,634.64 10/1/2029 1,554 0.00 0.08 County Schools FCU CA 4.4 9/30/2027 22258JAB7 9/30/2022 4.400 248,000.00 248,000.00 248,000.00 250,251.84 9/30/2027 822 0.00 0.08 Covantage Credit Union WI 4.2 8/7/2028 22282XAD2 8/6/2024 4.200 247,000.00 247,000.00 247,000.00 248,388.14 8/7/2028 1,134 1,563.21 0.08 Cross River Bank NJ 4.5 4/26/2027 227563GC1 4/26/2024 4.500 244,000.00 244,000.00 244,000.00 246,108.16 4/26/2027 665 1,955.34 0.08 Customers Bank PA 4.5 6/14/2028 23204HPB8 6/14/2023 4.500 244,000.00 244,000.00 244,000.00 247,291.56 6/14/2028 1,080 481.32 0.0848 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Cy-Fair FCU TX 4.5 5/12/2028 23248UAB3 5/12/2023 4.500 248,000.00 248,000.00 248,000.00 251,380.24 5/12/2028 1,047 550.36 0.08 Direct FCU MA 4.8 11/8/2027 25460FDW3 11/7/2022 4.800 248,000.00 248,000.00 248,000.00 252,590.48 11/8/2027 861 750.12 0.08 Dort Financial Credit Union MI 4.5 12/16/2027 25844MAK4 12/16/2022 4.500 247,000.00 247,000.00 247,000.00 249,988.70 12/16/2027 899 2,740.68 0.08 EagleBank MD 4.05 4/16/2030 27002YHQ2 4/16/2025 4.050 248,000.00 248,000.00 248,000.00 248,000.00 4/16/2030 1,751 385.25 0.08 Eaglemark Savings Bank NV 2 3/2/2027 27004PCM3 3/2/2022 2.000 245,000.00 245,000.00 245,000.00 237,103.65 3/2/2027 610 1,610.96 0.08 Empower FCU NY 5.25 11/15/2028 291916AJ3 11/15/2023 5.250 247,000.00 247,000.00 247,000.00 256,610.77 11/15/2028 1,234 710.55 0.08 Enterprise Bank PA 4.6 6/7/2029 29367RND4 6/7/2024 4.600 248,000.00 248,000.00 248,000.00 252,982.32 6/7/2029 1,438 718.86 0.08 EverBank, NA f/k/a TIAA FSB 0.5 2/12/2026 87270LDL4 2/12/2021 0.500 245,000.00 245,000.00 245,000.00 239,529.15 2/12/2026 227 463.15 0.08 Evergreen Bank Group IL 3.85 7/27/2026 300185LM5 1/27/2023 3.850 248,000.00 248,000.00 248,000.00 247,543.68 7/27/2026 392 78.48 0.08 Fahey Banking Company 4.2 8/30/2027 303117DN2 2/28/2025 4.200 248,000.00 248,000.00 248,000.00 249,185.44 8/30/2027 791 57.07 0.08 Farmers & Merchants Bank of Colby 4.4 7/5/2029 30781JBU3 7/5/2024 4.400 248,000.00 248,000.00 248,000.00 251,211.60 7/5/2029 1,466 747.40 0.08 Farmers & Merchants Bank WI0.9 7/14/2025 307811DF3 1/14/2022 0.900 249,000.00 249,000.00 249,000.00 248,663.85 7/14/2025 14 98.24 0.08 Farmers Insurance Group FCU 5.4 7/28/2025 30960QAR8 7/26/2023 5.400 248,000.00 248,000.00 248,000.00 248,195.92 7/28/2025 28 146.76 0.08 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 4/30/2021 0.700 248,000.00 248,000.00 248,000.00 241,152.72 4/30/2026 304 0.00 0.08 Fieldpoint Private B&T CT 4 9/4/2026 31657FBA4 9/4/2024 4.000 248,000.00 248,000.00 248,000.00 247,945.44 9/4/2026 431 706.63 0.08 First Bank Elk River MN 4.4 6/30/2028 31911KAK4 6/30/2023 4.400 248,000.00 248,000.00 248,000.00 255,184.56 6/30/2028 1,096 0.00 0.08 First Bank NJ 4.45 12/26/2025 319137CB9 12/28/2023 4.450 244,000.00 244,000.00 244,000.00 244,200.08 12/26/2025 179 59.50 0.08 First Federal Savings IN 4.25 7/9/2026 32021YEV1 2/9/2024 4.250 248,000.00 248,000.00 248,000.00 248,550.56 7/9/2026 374 606.41 0.08 First Nat'l Bank of America MI 3.75 10/30/2028 32110YQ24 10/30/2024 3.750 248,000.00 248,000.00 248,000.00 245,961.44 10/30/2028 1,218 0.00 0.08 First Service CU f/k/a SPCO TX 4.35 1/20/2028 78472EAB0 1/20/2023 4.350 249,000.00 249,000.00 249,000.00 251,193.69 1/20/2028 934 296.75 0.08 Forbright Bank MD 4.6 11/2/2027 34520LAT0 11/2/2022 4.600 248,000.00 248,000.00 248,000.00 251,427.36 11/2/2027 855 875.13 0.08 Four Points FCU 4.55 5/11/2026 35089LAF0 5/10/2023 4.550 248,000.00 248,000.00 248,000.00 249,016.80 5/11/2026 315 618.30 0.08 Genesee Regional Bank NY 4.2 12/28/2026 37173RAL7 12/27/2023 4.200 244,000.00 244,000.00 244,000.00 244,700.28 12/28/2026 546 84.23 0.08 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 011852AE0 3/8/2023 4.600 248,000.00 248,000.00 248,000.00 251,846.48 3/8/2028 982 687.61 0.08 49 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Golden State Bank CA 4.45 6/22/2027 38120MCA2 6/22/2023 4.450 249,000.00 249,000.00 249,000.00 251,263.41 6/22/2027 722 242.86 0.08 Goldman Sachs Bank USA 1 7/28/2026 38149MXK4 7/28/2021 1.000 248,000.00 248,000.00 248,000.00 239,969.76 7/28/2026 393 1,039.56 0.08 Greenstate Credit Union IA 0.95 4/16/2026 39573LBC1 4/16/2021 0.950 249,000.00 249,000.00 249,000.00 242,906.97 4/16/2026 290 187.94 0.08 Healthcare Systems FCU VA 5.1 10/27/2028 42228LAN1 10/27/2023 5.100 248,000.00 248,000.00 248,000.00 256,350.16 10/27/2028 1,215 103.96 0.08 Ideal Credit Union MN 4.5 12/29/2027 45157PAZ3 12/29/2022 4.500 248,000.00 248,000.00 248,000.00 251,052.88 12/29/2027 912 886.68 0.08 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 6/29/2023 4.700 248,000.00 248,000.00 248,000.00 251,469.52 6/29/2027 729 31.93 0.08 Knoxville TVA Employees Credit Union 4.85 8/25/202 499724AP7 8/25/2023 4.850 248,000.00 248,000.00 248,000.00 254,195.04 8/25/2028 1,152 955.65 0.08 Lafayette FCU MD 4.1 3/28/2029 50625LCA9 3/28/2025 4.100 248,000.00 248,000.00 248,000.00 248,540.64 3/28/2029 1,367 55.72 0.08 Latino Community Credit Union NC 4.5 12/21/2027 51828MAC8 12/21/2022 4.500 248,000.00 248,000.00 248,000.00 251,008.24 12/21/2027 904 275.18 0.08 Leaders Credit Union TN 5.1 10/30/2028 52171MAM7 10/30/2023 5.100 248,000.00 248,000.00 248,000.00 256,389.84 10/30/2028 1,218 0.00 0.08 Legacy Bank & Trust Co. MO 4.5 9/27/2028 52470QEC4 9/27/2023 4.500 248,000.00 248,000.00 248,000.00 251,670.40 9/27/2028 1,185 91.73 0.08 Legends Bank TN 3.75 9/11/2028 52465JKL0 9/11/2024 3.750 248,000.00 248,000.00 248,000.00 246,068.08 9/11/2028 1,169 484.11 0.08 Liberty First Credit Union NE 4.5 2/22/2028 530520AH8 2/21/2023 4.500 248,000.00 248,000.00 248,000.00 251,154.56 2/22/2028 967 886.68 0.08 Maine Community Bank 3.75 8/30/2027 560390DC7 8/30/2024 3.750 248,000.00 248,000.00 248,000.00 246,844.32 8/30/2027 791 0.00 0.08 Maine Savings FCU 4.8 7/21/2028 560507AQ8 7/21/2023 4.800 248,000.00 248,000.00 248,000.00 253,679.20 7/21/2028 1,117 293.52 0.08 Marathon Bank WI 1.8 3/16/2027 565819AG4 3/16/2022 1.800 248,000.00 248,000.00 248,000.00 239,042.24 3/16/2027 624 171.22 0.08 Marine FCU NC 4 8/31/2026 56824JBC7 8/30/2024 4.000 248,000.00 248,000.00 248,000.00 247,945.44 8/31/2026 427 0.00 0.08 Medallion Bank UT 4.85 10/20/2028 58404DTP6 10/20/2023 4.850 248,000.00 248,000.00 248,000.00 258,386.24 10/20/2028 1,208 329.53 0.08 Merrick Bank UT 1.1 11/9/2026 59013KPN0 11/9/2021 1.100 249,000.00 249,000.00 249,000.00 239,440.89 11/9/2026 497 157.59 0.08 Metro Credit Union MA 1.7 2/18/2027 59161YAP1 2/18/2022 1.700 249,000.00 249,000.00 249,000.00 239,961.30 2/18/2027 598 336.32 0.08 Mid Carolina Credit Union SC 4.85 3/13/2026 59524LAA4 3/13/2023 4.850 248,000.00 248,000.00 248,000.00 249,478.08 3/13/2026 256 560.21 0.08 Milestone Bk f/k/a LCA UT 1 6/26/2026 501798RP9 12/27/2021 1.000 248,000.00 248,000.00 248,000.00 240,711.28 6/26/2026 361 20.38 0.08 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 5/1/2023 4.250 248,000.00 248,000.00 248,000.00 249,190.40 5/3/2027 672 837.42 0.08 Money One FCU MD 5 9/14/2028 60936TAL3 9/14/2023 5.000 248,000.00 248,000.00 248,000.00 255,370.56 9/14/2028 1,172 543.56 0.08 Morgan Stanley Bank, NA 4.25 3/5/2030 61690DT40 3/5/2025 4.250 244,000.00 244,000.00 244,000.00 245,937.36 3/5/2030 1,709 3,324.08 0.0850 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Morgan Stanley Private Bank 4.25 3/5/2030 61776NMT7 3/5/2025 4.250 244,000.00 244,000.00 244,000.00 245,937.36 3/5/2030 1,709 3,324.08 0.08 Mountain American FCU 4.7 4/28/2026 62384RAT3 4/28/2023 4.700 248,000.00 248,000.00 248,000.00 249,257.36 4/28/2026 302 926.09 0.08 MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 8/1/2024 4.050 248,000.00 248,000.00 248,000.00 248,379.44 2/1/2028 946 798.02 0.08 Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 3/2/2022 1.800 245,000.00 245,000.00 245,000.00 241,136.35 3/2/2026 245 1,449.86 0.08 Northpointe Bank MI 4.85 10/20/2028 666613MK7 10/20/2023 4.850 248,000.00 248,000.00 248,000.00 254,395.92 10/20/2028 1,208 329.53 0.08 Numerica CU 4.15 11/26/2029 67054NBT9 11/26/2024 4.150 248,000.00 248,000.00 248,000.00 248,999.44 11/26/2029 1,610 112.79 0.08 Optum Bank, Inc UT 4 4/29/2030 68405VDD8 4/28/2025 4.000 245,000.00 245,000.00 245,000.00 244,419.35 4/29/2030 1,764 1,691.51 0.08 Oregon Community Credit Union 4.85 6/7/2027 68584JAT6 6/7/2024 4.850 248,000.00 248,000.00 248,000.00 252,042.40 6/7/2027 707 757.93 0.08 Pacific Crest Savings Bank WA 3.9 8/16/2029 69417ADA4 8/16/2024 3.900 248,000.00 248,000.00 248,000.00 246,588.88 8/16/2029 1,508 370.98 0.08 Parkside Financial B&T MO 3.75 9/13/2028 70147AGA6 9/13/2024 3.750 248,000.00 248,000.00 248,000.00 246,060.64 9/13/2028 1,171 433.15 0.08 Partners Bank of California 4.15 8/27/2027 70212YBY7 2/27/2025 4.150 244,000.00 244,000.00 244,000.00 244,839.36 8/27/2027 788 3,412.32 0.08 Pentagon FCU 0.7 9/2/2025 70962LAF9 9/1/2021 0.700 249,000.00 249,000.00 249,000.00 247,433.79 9/2/2025 64 138.48 0.08 Peoples Exchange Bank KY 4.15 8/9/2027 71104AAS2 8/9/2024 4.150 248,000.00 248,000.00 248,000.00 248,885.36 8/9/2027 770 592.14 0.08 Ponce Bank NY 3.5 9/15/2027 732329BD8 9/15/2022 3.500 248,000.00 248,000.00 248,000.00 245,505.12 9/15/2027 807 356.71 0.08 Prevail Bank WI 4.25 1/24/2028 887171AB2 7/24/2024 4.250 249,000.00 249,000.00 249,000.00 250,593.60 1/24/2028 938 173.96 0.08 RiverWood Bank MN 3.85 3/11/2027 76951DBZ2 9/11/2024 3.850 248,000.00 248,000.00 248,000.00 247,437.04 3/11/2027 619 497.02 0.08 Rize FCU f/k/a SCE CA 4.7 6/20/2029 78413RAV9 6/20/2024 4.700 248,000.00 248,000.00 248,000.00 253,917.28 6/20/2029 1,451 319.34 0.08 Rockland FCU MA 4.6 12/22/2026 77357DAD0 12/22/2023 4.600 248,000.00 248,000.00 248,000.00 250,127.84 12/22/2026 540 250.04 0.08 Safra Nat'l Bank NY f/k/a/ Delta Nat'l 2 2 24773RCR4 3/9/2022 2.000 245,000.00 245,000.00 245,000.00 237,177.15 2/25/2027 605 1,516.99 0.08 Sallie Mae Bank UT 1 7/28/2026 795451AF0 7/28/2021 1.000 248,000.00 248,000.00 248,000.00 240,155.76 7/28/2026 393 1,039.56 0.08 San Francisco FCU CA 4.35 2/3/2028 79772FAG1 2/3/2023 4.350 248,000.00 248,000.00 248,000.00 250,207.20 2/3/2028 948 798.02 0.08 Signature FCU VA 4.4 1/31/2028 82671DAB3 1/31/2023 4.400 248,000.00 248,000.00 248,000.00 250,507.28 1/31/2028 945 0.00 0.08 Simmons Bank f/k/a Landmark Comm. 0.5 1/22/2026 51507LCC6 1/22/2021 0.500 248,000.00 248,000.00 248,000.00 242,881.28 1/22/2026 206 27.18 0.08 SkyOne FCU CA 3.9 10/25/2028 83088XAR9 10/25/2024 3.900 248,000.00 248,000.00 248,000.00 247,107.20 10/25/2028 1,213 132.49 0.08 SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 8/14/2024 4.100 248,000.00 248,000.00 248,000.00 248,679.52 8/14/2028 1,141 445.72 0.0851 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Sound Credit Union WA 4.15 6/2/2028 83616HAH7 6/2/2025 4.150 248,000.00 248,000.00 248,000.00 249,039.12 6/2/2028 1,068 789.52 0.08 Southern Bank GA 4.25 1/28/2026 84229LBA9 10/28/2022 4.250 244,000.00 244,000.00 244,000.00 243,990.24 1/28/2026 212 1,789.89 0.08 Southern Bank MO 4.2 5/17/2028 843383CS7 5/17/2023 4.200 248,000.00 248,000.00 248,000.00 249,371.44 5/17/2028 1,052 370.98 0.08 Southern Bank of TN 4.35 7/12/2029 84229QAC5 7/12/2024 4.350 248,000.00 248,000.00 248,000.00 250,765.20 7/12/2029 1,473 532.01 0.08 Southern States Bank 4.15 9/21/2026 843879GS0 3/21/2025 4.150 248,000.00 248,000.00 248,000.00 248,394.32 9/21/2026 448 253.78 0.08 St. Vincent's Medical Center FCU 4.6 6/16/2027 85279AAC6 6/16/2023 4.600 248,000.00 248,000.00 248,000.00 250,931.36 6/16/2027 716 437.57 0.08 Stearns Bank, NA MN 4.2 8/9/2027 857894Q51 8/8/2024 4.200 244,000.00 244,000.00 244,000.00 245,100.44 8/9/2027 770 3,986.89 0.08 Sunwest Bank 3.55 9/28/2029 86804DDG0 9/30/2024 3.550 248,000.00 248,000.00 248,000.00 243,191.28 9/28/2029 1,551 0.00 0.08 Synchrony Bank 0.9 9/3/2026 87165ET98 9/3/2021 0.900 245,000.00 245,000.00 245,000.00 236,270.65 9/3/2026 430 730.97 0.08 Technology Credit Union CA 5 5/29/2026 87868YAQ6 5/30/2023 5.000 248,000.00 248,000.00 248,000.00 250,127.84 5/29/2026 333 985.21 0.08 Texas Exchange Bank 3.7 9/6/2029 88241TSW1 9/6/2024 3.700 248,000.00 248,000.00 248,000.00 244,664.40 9/6/2029 1,529 603.35 0.08 The Genoa Banking Co. 4.6 11/28/2028 372348DJ8 11/28/2023 4.600 248,000.00 248,000.00 248,000.00 252,570.64 11/28/2028 1,247 62.51 0.08 The Greenwood's State Bank WI 3.05 5/17/2027 397417AQ9 5/17/2022 3.050 248,000.00 248,000.00 248,000.00 243,841.04 5/17/2027 686 269.40 0.08 The Pitney Bowes Bank, Inc UT 4.35 4/13/2028 724468AC7 4/14/2023 4.350 244,000.00 244,000.00 244,000.00 246,254.56 4/13/2028 1,018 2,239.12 0.08 Third Federal Savings & Loan 3.3 8/19/2027 88413QDN5 8/19/2022 3.300 245,000.00 245,000.00 245,000.00 241,614.10 8/19/2027 780 2,901.74 0.08 Toyota Financial Savings Bank NV 0.9 4/22/2026 89235MKY6 4/22/2021 0.900 245,000.00 245,000.00 245,000.00 238,781.90 4/22/2026 296 416.84 0.08 True Sky FCU 1.6 2/4/2027 89786MAF1 2/4/2022 1.600 245,000.00 245,000.00 245,000.00 235,996.25 2/4/2027 584 1,568.00 0.08 Truliant FCU NC 4.7 9/10/2027 89789AAG2 3/10/2023 4.700 248,000.00 248,000.00 248,000.00 251,767.12 9/10/2027 802 638.68 0.08 Tuscon FCU AZ 5 9/8/2028 898812AC6 9/8/2023 5.000 248,000.00 248,000.00 248,000.00 255,340.80 9/8/2028 1,166 747.40 0.08 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 10/25/2023 4.900 248,000.00 248,000.00 248,000.00 254,800.16 10/25/2028 1,213 166.47 0.08 United Fidelity Bank, fsb IN 4.5 6/29/2028 910286GN7 6/29/2023 4.500 248,000.00 248,000.00 248,000.00 255,819.44 6/29/2028 1,095 30.58 0.08 United Roosevelt Savings Bank NJ 1.9 3/11/2027 91139LAB2 3/11/2022 1.900 248,000.00 248,000.00 248,000.00 239,515.92 3/11/2027 619 245.28 0.08 United Teletech FCU NJ 5.1 11/8/2027 913065AD0 11/8/2023 5.100 248,000.00 248,000.00 248,000.00 254,232.24 11/8/2027 861 762.35 0.08 University Bank MI 4.2 11/30/2027 914098DJ4 11/30/2022 4.200 249,000.00 249,000.00 249,000.00 250,245.00 11/30/2027 883 0.00 0.08 University Credit Union Los Angeles 4 9/26/2025 914242AA0 9/26/2022 4.000 248,000.00 248,000.00 248,000.00 247,764.40 9/26/2025 88 108.71 0.08 52 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Univest Bank & Trust Co. PA 4.35 5/12/2028 91527PBY2 5/12/2023 4.350 248,000.00 248,000.00 248,000.00 250,373.36 5/12/2028 1,047 532.01 0.08 USAlliance Financial FCU NY 4.55 5/26/2028 90352RDB8 5/26/2023 4.550 248,000.00 248,000.00 248,000.00 251,754.72 5/26/2028 1,061 123.66 0.08 Utah First FCU 5 7/21/2028 91739JAB1 7/21/2023 5.000 245,000.00 245,000.00 245,000.00 252,019.25 7/21/2028 1,117 302.05 0.08 Valley National Bank NJ 4.95 5/29/2026 919853LV1 5/29/2024 4.950 244,000.00 244,000.00 244,000.00 245,817.80 5/29/2026 333 1,058.89 0.08 Valleystar Credit Union VA 5.2 11/8/2028 92023CAJ2 11/8/2023 5.200 247,000.00 247,000.00 247,000.00 256,148.88 11/8/2028 1,227 774.16 0.08 Vibrant Credit Union IL 0.8 6/30/2026 92559TAJ7 7/2/2021 0.851 249,000.00 248,377.50 248,875.70 241,129.11 6/30/2026 365 158.27 0.08 VisionBank MN 4.05 5/12/2028 92834ABT2 5/12/2023 4.050 248,000.00 248,000.00 248,000.00 248,362.08 5/12/2028 1,047 495.32 0.08 VyStar Credit Union FL 4.55 3/10/2028 92891CCZ3 3/10/2023 4.550 248,000.00 248,000.00 248,000.00 251,543.92 3/10/2028 984 896.54 0.08 Washington Financial Bank PA 4.5 5/31/2029 93883MBA5 5/31/2024 4.500 244,000.00 244,000.00 244,000.00 247,882.04 5/31/2029 1,431 902.47 0.08 Workers FCU MA 5.2 10/30/2028 98138MCA6 10/30/2023 5.200 248,000.00 248,000.00 248,000.00 257,163.60 10/30/2028 1,218 0.00 0.08 Sub Total / Average Certificate Of Deposit 3.810 36,841,000.00 36,840,377.50 36,840,875.70 36,920,592.78 864 104,473.29 12.20 Corporate Blackrock Funding Inc 4.7 3/14/2029-29 09290DAA9 3/28/2024 4.623 1,000,000.00 1,003,380.00 1,002,524.11 1,021,160.00 3/14/2029 1,353 13,838.89 0.33 International Finance Corp 0.5 2/26/2026 45950VPS9 2/26/2021 0.610 500,000.00 497,300.00 499,646.00 487,470.00 2/26/2026 241 861.11 0.17 Walmart Inc 3.7 6/26/2028- 28 931142EE9 6/26/2023 4.303 1,000,000.00 973,110.00 983,931.77 996,470.00 6/26/2028 1,092 411.11 0.33 Sub Total / Average Corporate 3.692 2,500,000.00 2,473,790.00 2,486,101.88 2,505,100.00 1,026 15,111.11 0.83 Local Government Investment Pool CAMP LGIP CAMP7001 3/31/2024 4.400 64,742,745.28 64,742,745.28 64,742,745.28 64,742,745.28 N/A 1 21.43 LAIF | City LGIP CITYLAIF3434 2/28/2024 4.269 39,788,232.32 39,788,232.32 39,788,232.32 39,835,910.96 N/A 1 13.17 LAIF | Housing LGIP HOUSINGLAIF3005 2/28/2024 4.269 2,227,242.17 2,227,242.17 2,227,242.17 2,229,911.10 N/A 1 0.74 Sub Total / Average Local Government Investment Pool 4.348 106,758,219.77 106,758,219.77 106,758,219.77 106,808,567.34 1 0.00 35.34 Money Market BMO Bank | Operating MM BMO1851OP 3/31/2024 4.170 14,995,521.93 14,995,521.93 14,995,521.93 14,995,521.93 N/A 1 4.96 OPEB Trust MM OPEBTRUST 3/31/2024 2.860 2,217,819.48 2,217,819.48 2,217,819.48 2,217,819.48 N/A 1 0.73 PARS Pension Trust MM PARSTRUST 3/31/2024 2.370 6,172,304.24 6,172,304.24 6,172,304.24 6,172,304.24 N/A 1 2.04 US Bank | Custodian MM USB3000 3/31/2024 4.170 1,943,691.19 1,943,691.19 1,943,691.19 1,943,691.19 N/A 1 0.64 US Bank | Fiscal Agent MM USB4000-6000 3/31/2024 3.760 23,250.11 23,250.11 23,250.11 23,250.11 N/A 1 0.01 53 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio Sub Total / Average Money Market 3.617 25,352,586.95 25,352,586.95 25,352,586.95 25,352,586.95 1 0.00 8.39 US Agency FFCB 0.71 8/10/2026-23 3133EM2C5 8/10/2021 0.792 500,000.00 498,000.00 499,556.42 482,625.00 8/10/2026 406 1,380.56 0.17 FFCB 0.8 9/10/2026 3133EM4X7 9/28/2021 0.985 1,000,000.00 991,080.00 997,847.59 963,070.00 9/10/2026 437 2,444.44 0.33 FFCB 1.27 11/2/2026 3133ENCQ1 11/2/2021 1.270 1,000,000.00 1,000,000.00 1,000,000.00 966,100.00 11/2/2026 490 2,046.11 0.33 FFCB 3.375 9/15/2027 3133ENL99 9/15/2022 3.430 1,000,000.00 997,492.55 998,893.32 989,310.00 9/15/2027 807 9,843.75 0.33 FFCB 3.5 9/10/2029 3133ERSP7 9/18/2024 3.470 1,000,000.00 1,001,350.00 1,001,137.56 983,460.00 9/10/2029 1,533 10,694.44 0.33 FFCB 3.75 12/7/2027 3133EN3S7 12/7/2022 3.794 1,000,000.00 998,000.00 999,026.13 997,670.00 12/7/2027 890 2,395.83 0.33 FFCB 3.75 8/15/2029 3133ERPS4 8/15/2024 3.800 1,000,000.00 997,742.00 998,137.15 993,290.00 8/15/2029 1,507 14,062.50 0.33 FFCB 3.875 1/18/2029 3133EPW84 1/18/2024 4.051 1,000,000.00 992,100.00 994,391.00 998,990.00 1/18/2029 1,298 17,437.50 0.33 FFCB 3.875 1/18/2029 3133EPW84 1/30/2024 4.000 1,000,000.00 994,400.00 995,997.32 998,990.00 1/18/2029 1,298 17,437.50 0.33 FFCB 3.875 10/15/2027 3133ERXJ5 10/15/2024 3.875 1,000,000.00 1,000,000.00 1,000,000.00 1,000,280.00 10/15/2027 837 8,072.92 0.33 FFCB 3.875 12/10/2027 3133ER6Q9 3/19/2025 4.020 1,000,000.00 996,331.25 996,708.97 1,000,560.00 12/10/2027 893 2,152.78 0.33 FFCB 3.875 2/14/2028 3133EPAV7 2/15/2023 3.977 1,000,000.00 995,400.00 997,587.43 1,003,000.00 2/14/2028 959 14,638.89 0.33 FFCB 3.875 6/8/2028 3133EPME2 6/8/2023 3.915 1,000,000.00 998,190.00 998,936.54 1,001,900.00 6/8/2028 1,074 2,368.06 0.33 FFCB 4 11/29/2027 3133EN3H1 11/29/2022 4.030 1,000,000.00 998,650.00 999,348.64 1,003,640.00 11/29/2027 882 3,444.44 0.33 FFCB 4 3/18/2030 3133ER7L9 3/19/2025 4.080 1,000,000.00 996,415.16 996,616.42 1,002,540.00 3/18/2030 1,722 11,333.33 0.33 FFCB 4 4/1/2030 3133ETBF3 4/9/2025 3.900 1,000,000.00 1,004,470.00 1,004,267.95 1,007,440.00 4/1/2030 1,736 9,888.89 0.33 FFCB 4 5/1/2030 3133ETFA0 5/1/2025 4.000 1,000,000.00 1,000,000.00 1,000,000.00 1,004,010.00 5/1/2030 1,766 6,555.56 0.33 FFCB 4 6/17/2030 3133ETLM7 6/17/2025 4.045 1,000,000.00 997,981.30 997,995.88 1,008,140.00 6/17/2030 1,813 1,444.44 0.33 FFCB 4 9/29/2027 3133ENQ29 9/30/2022 4.080 1,000,000.00 996,400.00 998,382.20 1,005,570.00 9/29/2027 821 10,111.11 0.33 FFCB 4.125 12/17/2029 3133ERL41 12/17/2024 4.140 1,000,000.00 999,320.00 999,392.91 1,007,480.00 12/17/2029 1,631 1,489.58 0.33 FFCB 4.125 2/13/2029 3133EP3B9 2/14/2024 4.318 1,000,000.00 991,400.00 993,772.41 1,007,400.00 2/13/2029 1,324 15,697.92 0.33 FFCB 4.25 7/17/2028 3133EPQD0 7/31/2023 4.280 1,000,000.00 998,655.69 999,175.05 1,012,190.00 7/17/2028 1,113 19,243.06 0.33 FFCB 4.25 8/7/2028 3133EPSK2 8/18/2023 4.467 1,000,000.00 990,400.00 994,008.05 1,012,250.00 8/7/2028 1,134 16,881.94 0.33 FFCB 4.33 3/18/2030-27 3133ER7E5 4/23/2025 4.330 1,000,000.00 1,000,000.00 1,000,000.00 998,060.00 3/18/2030 1,722 12,268.33 0.33 FFCB 4.375 4/10/2029 3133ERAK7 4/23/2024 4.701 1,000,000.00 985,690.00 989,109.35 1,016,330.00 4/10/2029 1,380 9,722.22 0.33 FFCB 4.625 11/13/2028 3133EPC45 11/13/2023 4.630 1,000,000.00 999,770.00 999,845.05 1,024,010.00 11/13/2028 1,232 6,038.19 0.33 FHLB 0.375 12/12/2025 3130AKFA9 12/7/2020 0.480 500,000.00 497,400.00 499,767.96 491,780.00 12/12/2025 165 93.75 0.17 FHLB 0.51 1/14/2026-22 3130AKMZ6 1/14/2021 0.510 500,000.00 500,000.00 500,000.00 489,885.00 1/14/2026 198 1,175.83 0.17 FHLB 0.55 1/29/2026-21 3130AKN28 1/29/2021 0.550 500,000.00 500,000.00 500,000.00 489,305.00 1/29/2026 213 1,153.47 0.17 FHLB 0.75 6/12/2026 3130AMFS6 6/17/2021 0.885 1,000,000.00 993,420.00 998,749.29 969,910.00 6/12/2026 347 375.00 0.33 FHLB 0.95 10/13/2026-23 3130APB46 10/13/2021 0.986 1,000,000.00 998,250.00 999,550.58 962,080.00 10/13/2026 470 2,031.94 0.33 FHLB 1 9/30/2026-22 3130APBM6 9/30/2021 1.021 1,000,000.00 999,000.00 999,750.42 963,240.00 9/30/2026 457 2,500.00 0.33 FHLB 1.25 12/21/2026 3130AQF65 12/22/2021 1.255 1,000,000.00 999,750.00 999,926.31 962,710.00 12/21/2026 539 312.50 0.33 FHLB 1.5 1/27/2027-23 3130AQJR5 1/27/2022 1.500 1,000,000.00 1,000,000.00 1,000,000.00 962,880.00 1/27/2027 576 6,375.00 0.33 FHLB 1.83 2/10/2027-23 3130AQSA2 2/10/2022 1.830 1,000,000.00 1,000,000.00 1,000,000.00 966,890.00 2/10/2027 590 7,116.67 0.33 FHLB 2.5 10/14/2025-23 3130ARGJ4 4/14/2022 2.500 500,000.00 500,000.00 500,000.00 497,240.00 10/14/2025 106 2,638.89 0.1754 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio FHLB 2.7 4/19/2027-24 3130ARGY1 4/19/2022 2.700 1,000,000.00 1,000,000.00 1,000,000.00 980,080.00 4/19/2027 658 5,325.00 0.33 FHLB 3.3 6/28/2027-24 3130ASDV8 6/28/2022 3.300 300,000.00 300,000.00 300,000.00 297,204.00 6/28/2027 728 55.00 0.10 FHLB 4 10/5/2029-27 3130B35F6 10/8/2024 4.000 1,000,000.00 1,000,000.00 1,000,000.00 990,910.00 10/5/2029 1,558 9,444.44 0.33 FHLB 4 10/9/2026 3130B3A29 3/19/2025 4.020 1,000,000.00 999,682.10 999,739.44 1,000,630.00 10/9/2026 466 9,000.00 0.33 FHLB 4.125 4/4/2030-27 3130B5SX7 4/4/2025 4.125 1,000,000.00 1,000,000.00 1,000,000.00 1,004,210.00 4/4/2030 1,739 9,854.17 0.33 FHLB 4.125 9/14/2029 3130ATHX8 10/31/2024 4.125 1,000,000.00 1,000,000.00 1,000,000.00 1,007,720.00 9/14/2029 1,537 12,145.83 0.33 FHLB 4.2 3/27/2030-28 3130B5K80 3/27/2025 4.200 1,000,000.00 1,000,000.00 1,000,000.00 994,360.00 3/27/2030 1,731 10,850.00 0.33 FHLB 4.3 10/23/2029-26 3130B3ES8 10/30/2024 4.351 1,000,000.00 997,750.00 998,051.17 995,930.00 10/23/2029 1,576 8,002.78 0.33 FHLB 4.3 6/17/2030-27 3130B6PN0 6/17/2025 4.300 1,000,000.00 1,000,000.00 1,000,000.00 1,001,130.00 6/17/2030 1,813 1,552.78 0.33 FHLB 4.45 2/12/2029-27 3130AYXU5 2/15/2024 4.450 2,000,000.00 2,000,000.00 2,000,000.00 2,004,700.00 2/12/2029 1,323 34,116.67 0.66 FHLB 4.5 12/10/2029-26 3130B46Y2 12/31/2024 4.500 1,000,000.00 1,000,000.00 1,000,000.00 998,620.00 12/10/2029 1,624 2,500.00 0.33 FHLB 4.5 2/18/2028-26 3130B4YH8 2/26/2025 4.500 1,000,000.00 1,000,000.00 1,000,000.00 998,360.00 2/18/2028 963 16,500.00 0.33 FHLB 4.65 1/14/2030-28 3130B4LS8 1/14/2025 4.650 1,000,000.00 1,000,000.00 1,000,000.00 1,012,260.00 1/14/2030 1,659 21,441.67 0.33 FHLB 4.75 9/8/2028 3130AXEL8 10/3/2023 4.762 1,000,000.00 999,500.00 999,676.72 1,030,580.00 9/8/2028 1,166 14,777.78 0.33 FHLB 5 2/15/2029-25 3130AYYJ9 2/15/2024 5.000 1,000,000.00 1,000,000.00 1,000,000.00 998,430.00 2/15/2029 1,326 18,750.00 0.33 FHLB 5.04 4/23/2029-27 3130B14L8 4/25/2024 5.040 900,000.00 900,000.00 900,000.00 909,261.00 4/23/2029 1,393 8,442.00 0.30 FHLB Step 11/24/2026-22 3130APTV7 11/24/2021 1.489 500,000.00 499,500.00 499,860.20 487,415.00 11/24/2026 512 1,000.00 0.17 FHLB Step 3/30/2026 3130ALV92 3/30/2021 0.938 500,000.00 500,000.00 500,000.00 488,480.00 3/30/2026 273 1,312.50 0.17 FHLMC 0.375 7/21/2025 3137EAEU9 12/7/2020 0.434 1,000,000.00 997,300.00 999,967.53 997,820.00 7/21/2025 21 1,656.25 0.33 FHLMC 0.375 7/21/2025 3137EAEU9 1/5/2022 1.120 500,000.00 487,090.00 499,797.49 498,910.00 7/21/2025 21 828.12 0.17 FHLMC 0.375 9/23/2025 3137EAEX3 2/23/2021 0.552 500,000.00 495,999.50 499,798.76 495,445.00 9/23/2025 85 505.21 0.17 FHLMC 0.375 9/23/2025 3137EAEX3 3/30/2021 0.740 1,000,000.00 983,940.00 999,173.60 990,890.00 9/23/2025 85 1,010.42 0.33 FHLMC 0.55 12/30/2025 3134GXGZ1 12/30/2020 0.550 500,000.00 500,000.00 500,000.00 491,090.00 12/30/2025 183 0.00 0.17 FHLMC 0.65 10/27/2025-21 3134GW5R3 1/5/2022 1.232 400,000.00 391,360.00 399,268.97 395,232.00 10/27/2025 119 455.00 0.13 FHLMC 0.7 12/30/2026-21 3134GWUQ7 2/10/2022 1.870 1,000,000.00 945,570.00 983,321.34 952,780.00 12/30/2026 548 1,750.00 0.33 FHLMC 0.8 10/28/2026-21 3134GW6C5 1/5/2022 1.404 500,000.00 486,000.00 496,144.34 479,630.00 10/28/2026 485 688.89 0.17 FNMA 0.5 11/7/2025 3135G06G3 12/7/2021 1.120 1,000,000.00 976,300.00 997,880.62 986,800.00 11/7/2025 130 736.11 0.33 FNMA 0.5 11/7/2025 3135G06G3 8/29/2024 4.170 1,000,000.00 957,850.00 987,492.87 986,800.00 11/7/2025 130 736.11 0.33 FNMA 0.5 8/14/2025-23 3135G05S8 8/14/2020 0.500 500,000.00 500,000.00 500,000.00 497,655.00 8/14/2025 45 944.44 0.17 FNMA 0.52 8/18/2025 3136G4M75 8/28/2020 0.530 500,000.00 499,750.00 499,993.43 497,455.00 8/18/2025 49 953.33 0.17 FNMA 0.56 11/17/2025-22 3135GA2Z3 11/17/2020 0.591 500,000.00 499,250.00 499,943.30 493,000.00 11/17/2025 140 334.44 0.17 FNMA 0.56 8/21/2025-23 3136G4N74 8/21/2020 0.560 1,000,000.00 1,000,000.00 1,000,000.00 994,640.00 8/21/2025 52 2,006.67 0.33 FNMA 0.6 12/23/2025-21 3135GA7D7 12/23/2020 0.600 500,000.00 500,000.00 500,000.00 491,540.00 12/23/2025 176 58.33 0.17 FNMA 4 5/6/2030-27 3136GAGH6 5/6/2025 4.000 1,000,000.00 1,000,000.00 1,000,000.00 994,820.00 5/6/2030 1,771 6,000.00 0.33 FNMA 4.125 3/12/2030-26 3136GACD9 3/12/2025 4.375 1,000,000.00 988,880.00 989,547.20 995,290.00 3/12/2030 1,716 12,375.00 0.33 FNMA 4.25 4/8/2030-27 3136GAF20 4/9/2025 4.250 1,000,000.00 1,000,000.00 1,000,000.00 1,006,420.00 4/8/2030 1,743 9,680.56 0.33 FNMA 4.5 5/20/2030-26 3136GAHF9 5/28/2025 4.500 1,000,000.00 1,000,000.00 1,000,000.00 1,003,230.00 5/20/2030 1,785 4,000.00 0.33 Sub Total / Average US Agency 3.161 65,100,000.00 64,812,779.55 64,997,534.88 64,693,952.00 995 482,656.84 21.55 55 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio US Treasury T-Note 0.25 10/31/2025 91282CAT8 3/30/2021 0.750 1,000,000.00 977,500.00 998,361.19 986,650.00 10/31/2025 123 414.40 0.33 T-Note 0.375 1/31/2026 91282CBH3 2/23/2021 0.577 500,000.00 495,100.00 499,418.09 488,990.00 1/31/2026 215 776.93 0.17 T-Note 0.375 11/30/2025 91282CAZ4 4/22/2021 0.720 500,000.00 492,187.50 499,289.77 491,970.00 11/30/2025 153 153.69 0.17 T-Note 0.375 12/31/2025 91282CBC4 1/7/2021 0.431 500,000.00 498,632.81 499,862.38 490,530.00 12/31/2025 184 0.00 0.17 T-Note 0.5 2/28/2026 91282CBQ3 5/28/2021 0.750 500,000.00 494,165.00 499,186.60 488,010.00 2/28/2026 243 828.80 0.17 T-Note 0.5 2/28/2026 91282CBQ3 3/23/2022 2.353 750,000.00 698,025.00 741,247.08 732,015.00 2/28/2026 243 1,243.21 0.25 T-Note 0.625 7/31/2026 91282CCP4 9/29/2021 0.970 1,000,000.00 983,750.00 996,363.31 964,730.00 7/31/2026 396 2,589.78 0.33 T-Note 0.75 3/31/2026 91282CBT7 5/28/2021 0.770 500,000.00 499,525.00 499,926.39 487,665.00 3/31/2026 274 932.38 0.17 T-Note 0.75 3/31/2026 91282CBT7 6/17/2021 0.816 500,000.00 498,450.00 499,757.78 487,665.00 3/31/2026 274 932.38 0.17 T-Note 0.75 5/31/2026 91282CCF6 6/1/2021 0.810 1,000,000.00 997,060.00 999,461.64 970,550.00 5/31/2026 335 614.75 0.33 T-Note 0.75 5/31/2026 91282CCF6 6/17/2021 0.870 500,000.00 497,095.00 499,463.35 485,275.00 5/31/2026 335 307.38 0.17 T-Note 0.75 8/31/2026 91282CCW9 9/29/2021 0.990 1,000,000.00 988,500.00 997,272.27 963,790.00 8/31/2026 427 2,486.41 0.33 T-Note 0.75 8/31/2026 91282CCW9 3/22/2022 2.350 500,000.00 466,454.17 491,189.57 481,895.00 8/31/2026 427 1,243.21 0.17 T-Note 1.125 10/31/2026 91282CDG3 3/22/2022 2.350 500,000.00 473,396.82 492,301.99 482,170.00 10/31/2026 488 932.40 0.17 T-Note 1.5 1/31/2027 912828Z78 2/10/2022 1.781 1,000,000.00 986,700.00 995,757.19 964,570.00 1/31/2027 580 6,215.47 0.33 T-Note 1.875 7/31/2026 912828Y95 8/29/2024 3.876 1,000,000.00 963,281.25 979,257.31 977,810.00 7/31/2026 396 7,769.34 0.33 T-Note 2.25 8/15/2027 9128282R0 11/18/2022 3.950 1,000,000.00 927,110.00 967,323.72 970,000.00 8/15/2027 776 8,390.88 0.33 T-Note 2.375 4/30/2026 9128286S4 3/23/2022 2.400 1,000,000.00 999,010.00 999,799.75 986,060.00 4/30/2026 304 3,936.82 0.33 T-Note 2.375 5/15/2027 912828X88 6/7/2022 3.041 1,000,000.00 969,687.50 988,510.86 975,270.00 5/15/2027 684 2,968.75 0.33 T-Note 2.5 3/31/2027 91282CEF4 5/3/2022 3.010 1,000,000.00 976,860.00 991,761.54 978,630.00 3/31/2027 639 6,215.85 0.33 T-Note 2.625 2/15/2029 9128286B1 2/15/2024 4.286 1,000,000.00 925,976.56 946,286.39 963,010.00 2/15/2029 1,326 9,789.36 0.33 T-Note 2.625 5/31/2027 91282CET4 6/8/2022 2.980 500,000.00 491,842.18 496,858.93 489,670.00 5/31/2027 700 1,075.82 0.17 T-Note 2.625 5/31/2027 91282CET4 8/29/2024 3.720 1,000,000.00 971,555.99 980,188.25 979,340.00 5/31/2027 700 2,151.64 0.33 T-Note 2.75 4/30/2027 91282CEN7 6/8/2022 2.971 500,000.00 495,000.00 498,129.90 491,135.00 4/30/2027 669 2,279.21 0.17 T-Note 2.75 7/31/2027 91282CFB2 8/15/2022 2.980 1,000,000.00 989,460.00 995,574.36 980,510.00 7/31/2027 761 11,395.03 0.33 T-Note 2.75 7/31/2027 91282CFB2 8/29/2022 3.200 1,000,000.00 979,645.67 991,386.81 980,510.00 7/31/2027 761 11,395.03 0.33 T-Note 2.875 4/30/2029 91282CEM9 4/30/2024 4.658 1,000,000.00 921,300.00 939,660.46 969,490.00 4/30/2029 1,400 4,765.62 0.33 T-Note 3.125 11/15/2028 9128285M8 12/29/2023 3.880 1,000,000.00 966,718.75 976,972.06 981,330.00 11/15/2028 1,234 3,906.25 0.33 T-Note 3.125 8/31/2027 91282CFH9 1/24/2023 3.640 500,000.00 489,175.00 494,900.19 493,850.00 8/31/2027 792 5,180.03 0.17 T-Note 3.25 6/30/2027 91282CEW7 2/15/2023 4.075 1,000,000.00 967,220.00 985,017.79 991,060.00 6/30/2027 730 0.00 0.33 T-Note 3.5 1/31/2028 91282CGH8 2/2/2023 3.580 1,000,000.00 996,369.14 998,119.84 994,920.00 1/31/2028 945 14,502.76 0.33 T-Note 3.5 1/31/2028 91282CGH8 8/29/2024 3.680 1,000,000.00 994,257.81 995,658.90 994,920.00 1/31/2028 945 14,502.76 0.33 T-Note 3.5 1/31/2030 91282CGJ4 1/13/2025 4.531 1,000,000.00 953,900.00 958,100.00 988,360.00 1/31/2030 1,676 14,502.76 0.33 T-Note 3.5 4/30/2028 91282CHA2 5/31/2023 3.837 1,000,000.00 985,000.00 991,359.33 994,570.00 4/30/2028 1,035 5,801.63 0.33 T-Note 3.5 4/30/2028 91282CHA2 7/19/2024 4.145 1,000,000.00 977,600.00 983,212.17 994,570.00 4/30/2028 1,035 5,801.63 0.33 T-Note 3.5 9/30/2029 91282CLN9 9/30/2024 3.510 1,000,000.00 999,530.00 999,600.27 989,920.00 9/30/2029 1,553 8,702.19 0.33 T-Note 3.625 3/31/2028 91282CGT2 5/31/2023 3.853 1,000,000.00 990,000.00 994,311.61 998,280.00 3/31/2028 1,005 9,012.98 0.33 T-Note 3.625 3/31/2028 91282CGT2 6/15/2023 3.980 1,000,000.00 984,600.00 991,164.80 998,280.00 3/31/2028 1,005 9,012.98 0.33 56 Description CUSIP/Ticker Settlement Date YTM @ Cost Face Amount/Shares Cost Value Book Value Market Value Maturity Date Days To Maturity Accrued Interest % of Portfolio T-Note 3.625 3/31/2028 91282CGT2 10/19/2023 4.910 1,000,000.00 949,180.00 968,581.72 998,280.00 3/31/2028 1,005 9,012.98 0.33 T-Note 3.625 5/31/2028 91282CHE4 3/19/2025 4.013 1,000,000.00 988,400.00 989,422.07 997,890.00 5/31/2028 1,066 2,971.31 0.33 T-Note 3.625 8/31/2029 91282CLK5 9/3/2024 3.627 2,000,000.00 1,999,843.75 1,999,869.46 1,990,080.00 8/31/2029 1,523 24,035.33 0.66 T-Note 3.75 12/31/2028 91282CJR3 1/2/2024 3.815 1,000,000.00 997,067.49 997,943.23 1,000,900.00 12/31/2028 1,280 0.00 0.33 T-Note 3.75 12/31/2028 91282CJR3 6/12/2024 4.480 1,000,000.00 970,230.00 977,086.23 1,000,900.00 12/31/2028 1,280 0.00 0.33 T-Note 3.75 4/15/2028 91282CMW8 4/15/2025 3.760 1,000,000.00 999,726.56 999,745.52 1,001,250.00 4/15/2028 1,020 7,786.89 0.33 T-Note 3.75 5/31/2030 91282CHF1 5/15/2025 4.150 1,000,000.00 981,940.00 982,391.01 997,770.00 5/31/2030 1,796 3,073.77 0.33 T-Note 3.75 6/30/2030 91282CHJ3 6/17/2025 4.040 1,000,000.00 986,890.00 986,982.68 997,460.00 6/30/2030 1,826 0.00 0.33 T-Note 3.875 11/30/2029 91282CFY2 11/21/2024 4.271 1,000,000.00 982,265.63 984,401.49 1,004,410.00 11/30/2029 1,614 3,176.23 0.33 T-Note 3.875 4/30/2030 91282CMZ1 5/5/2025 3.900 1,000,000.00 998,867.19 998,902.03 1,003,910.00 4/30/2030 1,765 6,423.23 0.33 T-Note 3.875 9/30/2029 91282CFL0 10/8/2024 3.875 1,000,000.00 1,000,000.00 1,000,000.00 1,004,610.00 9/30/2029 1,553 9,634.56 0.33 T-Note 4 1/15/2027 91282CJT9 1/31/2024 4.115 1,000,000.00 996,813.45 998,337.32 1,002,380.00 1/15/2027 564 18,342.54 0.33 T-Note 4 10/31/2029 91282CFT3 10/31/2024 4.110 1,000,000.00 995,070.00 995,723.37 1,009,530.00 10/31/2029 1,584 6,630.43 0.33 T-Note 4 2/28/2030 91282CGQ8 2/26/2025 4.140 2,000,000.00 1,987,440.00 1,988,291.99 2,019,460.00 2/28/2030 1,704 26,521.74 0.66 T-Note 4 3/31/2030 91282CMU2 4/1/2025 3.950 1,000,000.00 1,002,265.63 1,002,153.90 1,009,300.00 3/31/2030 1,735 9,945.36 0.33 T-Note 4 5/31/2030 91282CNG2 6/2/2025 4.060 1,000,000.00 997,304.69 997,346.07 1,009,690.00 5/31/2030 1,796 3,093.92 0.33 T-Note 4 7/31/2029 91282CLC3 7/31/2024 4.134 1,000,000.00 994,000.00 995,097.48 1,009,340.00 7/31/2029 1,492 16,574.59 0.33 T-Note 4.125 10/31/2027 91282CFU0 11/6/2023 4.524 750,000.00 739,200.00 743,671.53 756,855.00 10/31/2027 853 5,128.23 0.25 T-Note 4.125 10/31/2027 91282CFU0 5/31/2024 4.675 1,000,000.00 982,790.00 988,237.08 1,009,140.00 10/31/2027 853 6,837.64 0.33 T-Note 4.125 11/30/2029 91282CMA6 12/2/2024 4.180 1,000,000.00 997,539.06 997,822.39 1,014,690.00 11/30/2029 1,614 3,381.15 0.33 T-Note 4.125 3/31/2029 91282CKG5 4/1/2024 4.210 1,000,000.00 996,200.00 997,147.40 1,013,520.00 3/31/2029 1,370 10,256.15 0.33 T-Note 4.125 6/15/2026 91282CHH7 2/26/2025 4.091 1,000,000.00 1,000,380.00 1,000,280.59 1,001,230.00 6/15/2026 350 1,690.57 0.33 T-Note 4.125 9/30/2027 91282CFM8 7/30/2024 4.150 1,000,000.00 999,210.00 999,438.74 1,009,100.00 9/30/2027 822 10,256.15 0.33 T-Note 4.25 1/31/2026 91282CJV4 1/31/2024 4.330 1,000,000.00 998,482.98 999,555.28 999,960.00 1/31/2026 215 17,610.50 0.33 T-Note 4.25 1/31/2030 91282CMG3 1/31/2025 4.330 1,000,000.00 996,437.79 996,730.41 1,019,730.00 1/31/2030 1,676 17,610.50 0.33 T-Note 4.25 6/30/2029 91282CKX8 7/1/2024 4.290 2,000,000.00 1,996,433.38 1,997,144.75 2,037,180.00 6/30/2029 1,461 0.00 0.66 T-Note 4.375 12/31/2029 91282CMD0 12/31/2024 4.425 1,500,000.00 1,496,700.00 1,497,027.11 1,537,215.00 12/31/2029 1,645 0.00 0.50 T-Note 4.5 5/31/2029 91282CKT7 5/31/2024 4.540 2,000,000.00 1,996,484.38 1,997,244.88 2,054,540.00 5/31/2029 1,431 7,377.05 0.66 Sub Total / Average US Treasury 3.526 64,000,000.00 62,988,803.13 63,428,589.57 63,638,290.00 1,046 410,101.33 21.19 Total / Average 3.764 302,094,666.67 300,769,416.85 301,406,768.70 301,461,949.02 550 1,012,342.57 100 57 City of La Quinta | CA Transactions Summary Transactions Report -Use this Group By: Action Portfolio / Report Group: All Portfolios Begin Date: 04/01/2025, End Date: 06/30/2025 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Buy BMW Bank North America 4 11/23/2027 05612LFA5 4.000 5/23/2025 5/23/2025 11/23/2027 244,000.00 244,000.00 100 0.00 244,000.00 BOM Bank LA 4.1 6/24/2030 09776DAV6 4.100 6/12/2025 6/24/2025 6/24/2030 248,000.00 248,000.00 100 0.00 248,000.00 EagleBank MD 4.05 4/16/2030 27002YHQ2 4.050 4/2/2025 4/16/2025 4/16/2030 248,000.00 248,000.00 100 0.00 248,000.00 FFCB 4 4/1/2030 3133ETBF3 3.900 4/8/2025 4/9/2025 4/1/2030 1,000,000.00 1,004,470.00 100.447 888.89 1,005,358.89 FFCB 4 5/1/2030 3133ETFA0 4.000 4/22/2025 5/1/2025 5/1/2030 1,000,000.00 1,000,000.00 100 0.00 1,000,000.00 FFCB 4 6/17/2030 3133ETLM7 4.045 6/16/2025 6/17/2025 6/17/2030 1,000,000.00 997,981.30 99.79813 0.00 997,981.30 FFCB 4.33 3/18/2030-27 3133ER7E5 4.330 4/22/2025 4/23/2025 3/18/2030 1,000,000.00 1,000,000.00 100 4,209.72 1,004,209.72 FHLB 4.125 4/4/2030-27 3130B5SX7 4.125 4/1/2025 4/4/2025 4/4/2030 1,000,000.00 1,000,000.00 100 0.00 1,000,000.00 FHLB 4.3 6/17/2030-27 3130B6PN0 4.300 6/6/2025 6/17/2025 6/17/2030 1,000,000.00 1,000,000.00 100 0.00 1,000,000.00 FNMA 4 5/6/2030-27 3136GAGH6 4.000 5/1/2025 5/6/2025 5/6/2030 1,000,000.00 1,000,000.00 100 0.00 1,000,000.00 FNMA 4.25 4/8/2030-27 3136GAF20 4.250 4/8/2025 4/9/2025 4/8/2030 1,000,000.00 1,000,000.00 100 118.06 1,000,118.06 FNMA 4.5 5/20/2030-26 3136GAHF9 4.500 5/13/2025 5/28/2025 5/20/2030 1,000,000.00 1,000,000.00 100 0.00 1,000,000.00 Optum Bank, Inc UT 4 4/29/2030 68405VDD8 4.000 4/22/2025 4/28/2025 4/29/2030 245,000.00 245,000.00 100 0.00 245,000.00 Sound Credit Union WA 4.15 6/2/2028 83616HAH7 4.150 5/21/2025 6/2/2025 6/2/2028 248,000.00 248,000.00 100 0.00 248,000.00 T-Note 3.75 4/15/2028 91282CMW8 3.760 4/8/2025 4/15/2025 4/15/2028 1,000,000.00 999,726.56 99.972656 0.00 999,726.56 T-Note 3.75 5/31/2030 91282CHF1 4.150 5/14/2025 5/15/2025 5/31/2030 1,000,000.00 981,940.00 98.194 17,101.65 999,041.65 T-Note 3.75 6/30/2030 91282CHJ3 4.040 6/16/2025 6/17/2025 6/30/2030 1,000,000.00 986,890.00 98.689 17,403.31 1,004,293.31 T-Note 3.875 4/30/2030 91282CMZ1 3.900 5/2/2025 5/5/2025 4/30/2030 1,000,000.00 998,867.19 99.886719 526.49 999,393.68 T-Note 4 5/31/2030 91282CNG2 4.060 5/28/2025 6/2/2025 5/31/2030 1,000,000.00 997,304.69 99.730469 218.58 997,523.27 Sub Total / Average Buy 15,233,000.00 15,200,179.74 40,466.70 15,240,646.44 Called FHLMC 5.6 4/17/2029-25 3134H1D26 0.000 4/17/2025 4/17/2025 4/17/2029 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00 FNMA 4.75 5/15/2029-25 3135GAS36 0.000 5/15/2025 5/15/2025 5/15/2029 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00 FNMA 5.25 4/2/2027-25 3135GAQZ7 0.000 4/2/2025 4/2/2025 4/2/2027 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00 FNMA 5.5 4/22/2027-25 3135GARK9 0.000 4/22/2025 4/22/2025 4/22/2027 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00 Sub Total / Average Called 4,000,000.00 4,000,000.00 0.00 4,000,000.00 Interest Advantage Credit Union IA 4.45 7/31/2028 00790UAE7 0.000 6/30/2025 6/30/2025 7/31/2028 0.00 0.00 910.73 910.73 58 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Advantage Credit Union IA 4.45 7/31/2028 00790UAE7 0.000 5/31/2025 5/31/2025 7/31/2028 0.00 0.00 941.08 941.08 Advantage Credit Union IA 4.45 7/31/2028 00790UAE7 0.000 4/30/2025 4/30/2025 7/31/2028 0.00 0.00 910.73 910.73 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 0.000 6/17/2025 6/17/2025 3/17/2028 0.00 0.00 1,032.09 1,032.09 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 0.000 5/19/2025 5/19/2025 3/17/2028 0.00 0.00 998.79 998.79 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 0.000 4/17/2025 4/17/2025 3/17/2028 0.00 0.00 1,032.09 1,032.09 Alabama Credit Union 5 6/22/2026 01025RAG4 0.000 6/20/2025 6/20/2025 6/22/2026 0.00 0.00 1,053.15 1,053.15 Alabama Credit Union 5 6/22/2026 01025RAG4 0.000 5/20/2025 5/20/2025 6/22/2026 0.00 0.00 1,019.18 1,019.18 Alabama Credit Union 5 6/22/2026 01025RAG4 0.000 4/21/2025 4/21/2025 6/22/2026 0.00 0.00 1,053.15 1,053.15 All In FCU AL 4.4 12/20/2027 01664MAB2 0.000 6/20/2025 6/20/2025 12/20/2027 0.00 0.00 926.77 926.77 All In FCU AL 4.4 12/20/2027 01664MAB2 0.000 5/20/2025 5/20/2025 12/20/2027 0.00 0.00 896.88 896.88 All In FCU AL 4.4 12/20/2027 01664MAB2 0.000 4/21/2025 4/21/2025 12/20/2027 0.00 0.00 926.77 926.77 Alliant Credit Union IL 5 12/30/2027 01882MAC6 0.000 6/30/2025 6/30/2025 12/30/2027 0.00 0.00 1,048.90 1,048.90 Alliant Credit Union IL 5 12/30/2027 01882MAC6 0.000 5/30/2025 5/30/2025 12/30/2027 0.00 0.00 1,015.07 1,015.07 Alliant Credit Union IL 5 12/30/2027 01882MAC6 0.000 4/30/2025 4/30/2025 12/30/2027 0.00 0.00 1,048.90 1,048.90 Ally Bank UT 2.55 4/21/2025 02007GPX5 0.000 4/21/2025 4/21/2025 4/21/2025 0.00 0.00 3,115.19 3,115.19 Altaone FCU CA 4.45 7/19/2029 02157RAA5 0.000 6/2/2025 6/2/2025 7/19/2029 0.00 0.00 941.08 941.08 Altaone FCU CA 4.45 7/19/2029 02157RAA5 0.000 5/1/2025 5/1/2025 7/19/2029 0.00 0.00 910.73 910.73 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 0.000 6/2/2025 6/2/2025 9/21/2027 0.00 0.00 800.39 800.39 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 0.000 5/1/2025 5/1/2025 9/21/2027 0.00 0.00 774.58 774.58 Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 0.000 6/20/2025 6/20/2025 7/19/2028 0.00 0.00 926.77 926.77 Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 0.000 5/19/2025 5/19/2025 7/19/2028 0.00 0.00 896.88 896.88 Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 0.000 4/21/2025 4/21/2025 7/19/2028 0.00 0.00 926.77 926.77 Ballston Spa Nat'l Bank NY 4.8 11/24/2026 058723AQ0 0.000 6/24/2025 6/24/2025 11/24/2026 0.00 0.00 1,011.02 1,011.02 Ballston Spa Nat'l Bank NY 4.8 11/24/2026 058723AQ0 0.000 5/27/2025 5/27/2025 11/24/2026 0.00 0.00 978.41 978.41 Ballston Spa Nat'l Bank NY 4.8 11/24/2026 058723AQ0 0.000 4/24/2025 4/24/2025 11/24/2026 0.00 0.00 1,011.02 1,011.02 Bank Five Nine WI 4.25 5/12/2028 062119BT8 0.000 6/12/2025 6/12/2025 5/12/2028 0.00 0.00 895.18 895.18 Bank Five Nine WI 4.25 5/12/2028 062119BT8 0.000 5/12/2025 5/12/2025 5/12/2028 0.00 0.00 866.30 866.30 Bank Five Nine WI 4.25 5/12/2028 062119BT8 0.000 4/14/2025 4/14/2025 5/12/2028 0.00 0.00 895.18 895.18 Bank of America 5.2 12/8/2025 06051XEF5 0.000 6/6/2025 6/6/2025 12/8/2025 0.00 0.00 6,300.69 6,300.69 Bankers Bank WI 4.15 5/24/2028 06610RCA5 0.000 6/24/2025 6/24/2025 5/24/2028 0.00 0.00 874.12 874.12 Bankers Bank WI 4.15 5/24/2028 06610RCA5 0.000 5/27/2025 5/27/2025 5/24/2028 0.00 0.00 845.92 845.92 Bankers Bank WI 4.15 5/24/2028 06610RCA5 0.000 4/24/2025 4/24/2025 5/24/2028 0.00 0.00 874.12 874.12 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 0.000 6/23/2025 6/23/2025 6/21/2029 0.00 0.00 947.84 947.84 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 0.000 5/21/2025 5/21/2025 6/21/2029 0.00 0.00 917.26 917.26 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 0.000 4/21/2025 4/21/2025 6/21/2029 0.00 0.00 947.84 947.84 Baxter Credit Union IL 4.35 8/22/2028 07181JBH6 0.000 6/23/2025 6/23/2025 8/22/2028 0.00 0.00 916.24 916.2459 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Baxter Credit Union IL 4.35 8/22/2028 07181JBH6 0.000 5/22/2025 5/22/2025 8/22/2028 0.00 0.00 886.68 886.68 Baxter Credit Union IL 4.35 8/22/2028 07181JBH6 0.000 4/22/2025 4/22/2025 8/22/2028 0.00 0.00 916.24 916.24 BMO Bank | Operating MM BMO1851OP 0.000 6/30/2025 6/30/2025 N/A 0.00 0.00 126,195.80 126,195.80 BMO Bank | Operating MM BMO1851OP 0.000 5/30/2025 5/30/2025 N/A 0.00 0.00 66,359.99 66,359.99 BMO Bank | Operating MM BMO1851OP 0.000 4/30/2025 4/30/2025 N/A 0.00 0.00 67,640.80 67,640.80 Bridgewater Bank MN 4.85 3/29/2027 108622NJ6 0.000 6/30/2025 6/30/2025 3/29/2027 0.00 0.00 1,021.56 1,021.56 Bridgewater Bank MN 4.85 3/29/2027 108622NJ6 0.000 5/29/2025 5/29/2025 3/29/2027 0.00 0.00 988.60 988.60 Bridgewater Bank MN 4.85 3/29/2027 108622NJ6 0.000 4/29/2025 4/29/2025 3/29/2027 0.00 0.00 1,021.56 1,021.56 California Credit Union CA 5.1 6/30/2025 130162BL3 0.000 6/30/2025 6/30/2025 6/30/2025 0.00 0.00 6,273.14 6,273.14 CAMP LGIP CAMP7001 0.000 6/30/2025 6/30/2025 N/A 0.00 0.00 174,531.86 174,531.86 CAMP LGIP CAMP7001 0.000 5/31/2025 5/31/2025 N/A 0.00 0.00 105,179.38 105,179.38 CAMP LGIP CAMP7001 0.000 4/30/2025 4/30/2025 N/A 0.00 0.00 102,020.99 102,020.99 CAMP TERM 5.16 6/12/2025 CAMPTERM61225 0.000 6/12/2025 6/12/2025 6/12/2025 0.00 0.00 1,463,178.08 1,463,178.08 Capital One NA f/k/a Capital One USA 1.6 4/8/2025 14042TDD6 0.000 4/8/2025 4/8/2025 4/8/2025 0.00 0.00 1,954.63 1,954.63 Capital One, NA 1.1 11/17/2026 14042RQB0 0.000 5/19/2025 5/19/2025 11/17/2026 0.00 0.00 1,352.79 1,352.79 Carter Bank & Trust 4.55 7/5/2029 146102AS7 0.000 6/5/2025 6/5/2025 7/5/2029 0.00 0.00 958.37 958.37 Carter Bank & Trust 4.55 7/5/2029 146102AS7 0.000 5/5/2025 5/5/2025 7/5/2029 0.00 0.00 927.45 927.45 Carter Bank & Trust 4.55 7/5/2029 146102AS7 0.000 4/7/2025 4/7/2025 7/5/2029 0.00 0.00 958.37 958.37 Carter FCU LA 0.75 4/27/2026 14622LAA0 0.000 6/27/2025 6/27/2025 4/27/2026 0.00 0.00 157.97 157.97 Carter FCU LA 0.75 4/27/2026 14622LAA0 0.000 5/27/2025 5/27/2025 4/27/2026 0.00 0.00 152.88 152.88 Carter FCU LA 0.75 4/27/2026 14622LAA0 0.000 4/28/2025 4/28/2025 4/27/2026 0.00 0.00 157.97 157.97 Celtic Bank UT 3.65 9/26/2029 15118RR33 0.000 6/26/2025 6/26/2025 9/26/2029 0.00 0.00 768.80 768.80 Celtic Bank UT 3.65 9/26/2029 15118RR33 0.000 5/27/2025 5/27/2025 9/26/2029 0.00 0.00 744.00 744.00 Celtic Bank UT 3.65 9/26/2029 15118RR33 0.000 4/28/2025 4/28/2025 9/26/2029 0.00 0.00 768.80 768.80 Central Bank AK 4 5/12/2028 152577BN1 0.000 6/12/2025 6/12/2025 5/12/2028 0.00 0.00 842.52 842.52 Central Bank AK 4 5/12/2028 152577BN1 0.000 5/12/2025 5/12/2025 5/12/2028 0.00 0.00 815.34 815.34 Central Bank AK 4 5/12/2028 152577BN1 0.000 4/14/2025 4/14/2025 5/12/2028 0.00 0.00 842.52 842.52 cfsbank PA 4.7 11/30/2027 12526AAM9 0.000 5/30/2025 5/30/2025 11/30/2027 0.00 0.00 5,686.87 5,686.87 Chartway FCU VA 4.9 6/9/2026 16141BAC5 0.000 6/9/2025 6/9/2025 6/9/2026 0.00 0.00 1,032.09 1,032.09 Chartway FCU VA 4.9 6/9/2026 16141BAC5 0.000 5/9/2025 5/9/2025 6/9/2026 0.00 0.00 998.79 998.79 Chartway FCU VA 4.9 6/9/2026 16141BAC5 0.000 4/9/2025 4/9/2025 6/9/2026 0.00 0.00 1,032.09 1,032.09 Chippewa Valley Bank WI 0.6 6/24/2025 169894AS1 0.000 6/24/2025 6/24/2025 6/24/2025 0.00 0.00 126.38 126.38 Chippewa Valley Bank WI 0.6 6/24/2025 169894AS1 0.000 5/27/2025 5/27/2025 6/24/2025 0.00 0.00 122.30 122.30 60 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Chippewa Valley Bank WI 0.6 6/24/2025 169894AS1 0.000 4/24/2025 4/24/2025 6/24/2025 0.00 0.00 126.38 126.38 CIBC Bank USA IL 4.35 5/16/2028 12547CBJ6 0.000 5/16/2025 5/16/2025 5/16/2028 0.00 0.00 5,263.38 5,263.38 Comenity Capital Bank UT 2.65 4/14/2027 20033A3A2 0.000 6/16/2025 6/16/2025 4/14/2027 0.00 0.00 558.17 558.17 Comenity Capital Bank UT 2.65 4/14/2027 20033A3A2 0.000 5/14/2025 5/14/2025 4/14/2027 0.00 0.00 540.16 540.16 Comenity Capital Bank UT 2.65 4/14/2027 20033A3A2 0.000 4/14/2025 4/14/2025 4/14/2027 0.00 0.00 558.17 558.17 ConnectOne Bank NJ 0.8 9/24/2026 20786ADL6 0.000 6/24/2025 6/24/2025 9/24/2026 0.00 0.00 168.50 168.50 ConnectOne Bank NJ 0.8 9/24/2026 20786ADL6 0.000 5/27/2025 5/27/2025 9/24/2026 0.00 0.00 163.07 163.07 ConnectOne Bank NJ 0.8 9/24/2026 20786ADL6 0.000 4/24/2025 4/24/2025 9/24/2026 0.00 0.00 168.50 168.50 Connexus Credit Union WI 1.25 12/23/2026 20825WAR1 0.000 6/30/2025 6/30/2025 12/23/2026 0.00 0.00 255.82 255.82 Connexus Credit Union WI 1.25 12/23/2026 20825WAR1 0.000 5/31/2025 5/31/2025 12/23/2026 0.00 0.00 264.35 264.35 Connexus Credit Union WI 1.25 12/23/2026 20825WAR1 0.000 4/30/2025 4/30/2025 12/23/2026 0.00 0.00 255.82 255.82 Cornerstone Comm. FCU NY 3.7 10/1/2029 21923MAB7 0.000 6/30/2025 6/30/2025 10/1/2029 0.00 0.00 779.33 779.33 Cornerstone Comm. FCU NY 3.7 10/1/2029 21923MAB7 0.000 5/30/2025 5/30/2025 10/1/2029 0.00 0.00 754.19 754.19 Cornerstone Comm. FCU NY 3.7 10/1/2029 21923MAB7 0.000 4/30/2025 4/30/2025 10/1/2029 0.00 0.00 779.33 779.33 County Schools FCU CA 4.4 9/30/2027 22258JAB7 0.000 6/30/2025 6/30/2025 9/30/2027 0.00 0.00 926.77 926.77 County Schools FCU CA 4.4 9/30/2027 22258JAB7 0.000 5/30/2025 5/30/2025 9/30/2027 0.00 0.00 896.88 896.88 County Schools FCU CA 4.4 9/30/2027 22258JAB7 0.000 4/30/2025 4/30/2025 9/30/2027 0.00 0.00 926.77 926.77 Covantage Credit Union WI 4.2 8/7/2028 22282XAD2 0.000 5/6/2025 5/6/2025 8/7/2028 0.00 0.00 2,529.55 2,529.55 Cross River Bank NJ 4.5 4/26/2027 227563GC1 0.000 4/28/2025 4/28/2025 4/26/2027 0.00 0.00 5,474.96 5,474.96 Customers Bank PA 4.5 6/14/2028 23204HPB8 0.000 6/16/2025 6/16/2025 6/14/2028 0.00 0.00 5,474.96 5,474.96 Cy-Fair FCU TX 4.5 5/12/2028 23248UAB3 0.000 6/12/2025 6/12/2025 5/12/2028 0.00 0.00 947.84 947.84 Cy-Fair FCU TX 4.5 5/12/2028 23248UAB3 0.000 5/12/2025 5/12/2025 5/12/2028 0.00 0.00 917.26 917.26 Cy-Fair FCU TX 4.5 5/12/2028 23248UAB3 0.000 4/14/2025 4/14/2025 5/12/2028 0.00 0.00 947.84 947.84 Direct FCU MA 4.8 11/8/2027 25460FDW3 0.000 6/9/2025 6/9/2025 11/8/2027 0.00 0.00 1,011.02 1,011.02 Direct FCU MA 4.8 11/8/2027 25460FDW3 0.000 5/7/2025 5/7/2025 11/8/2027 0.00 0.00 978.41 978.41 Direct FCU MA 4.8 11/8/2027 25460FDW3 0.000 4/7/2025 4/7/2025 11/8/2027 0.00 0.00 1,011.02 1,011.02 Discover Bank 3.1 5/27/2025 254673E69 0.000 5/27/2025 5/27/2025 5/27/2025 0.00 0.00 3,828.71 3,828.71 EagleBank MD 4.05 4/16/2030 27002YHQ2 0.000 6/16/2025 6/16/2025 4/16/2030 0.00 0.00 853.05 853.05 EagleBank MD 4.05 4/16/2030 27002YHQ2 0.000 5/16/2025 5/16/2025 4/16/2030 0.00 0.00 825.53 825.53 Empower FCU NY 5.25 11/15/2028 291916AJ3 0.000 6/10/2025 6/10/2025 11/15/2028 0.00 0.00 1,101.35 1,101.35 Empower FCU NY 5.25 11/15/2028 291916AJ3 0.000 5/12/2025 5/12/2025 11/15/2028 0.00 0.00 1,065.82 1,065.8261 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Empower FCU NY 5.25 11/15/2028 291916AJ3 0.000 4/10/2025 4/10/2025 11/15/2028 0.00 0.00 1,101.35 1,101.35 Enterprise Bank PA 4.6 6/7/2029 29367RND4 0.000 6/9/2025 6/9/2025 6/7/2029 0.00 0.00 968.90 968.90 Enterprise Bank PA 4.6 6/7/2029 29367RND4 0.000 5/7/2025 5/7/2025 6/7/2029 0.00 0.00 937.64 937.64 Enterprise Bank PA 4.6 6/7/2029 29367RND4 0.000 4/7/2025 4/7/2025 6/7/2029 0.00 0.00 968.90 968.90 Evergreen Bank Group IL 3.85 7/27/2026 300185LM5 0.000 6/27/2025 6/27/2025 7/27/2026 0.00 0.00 810.93 810.93 Evergreen Bank Group IL 3.85 7/27/2026 300185LM5 0.000 5/27/2025 5/27/2025 7/27/2026 0.00 0.00 784.77 784.77 Evergreen Bank Group IL 3.85 7/27/2026 300185LM5 0.000 4/28/2025 4/28/2025 7/27/2026 0.00 0.00 810.93 810.93 Fahey Banking Company 4.2 8/30/2027 303117DN2 0.000 6/30/2025 6/30/2025 8/30/2027 0.00 0.00 884.65 884.65 Fahey Banking Company 4.2 8/30/2027 303117DN2 0.000 5/28/2025 5/28/2025 8/30/2027 0.00 0.00 856.11 856.11 Fahey Banking Company 4.2 8/30/2027 303117DN2 0.000 4/28/2025 4/28/2025 8/30/2027 0.00 0.00 884.65 884.65 Farmers & Merchants Bank of Colby 4.4 7/5/2029 30781JBU3 0.000 6/5/2025 6/5/2025 7/5/2029 0.00 0.00 926.77 926.77 Farmers & Merchants Bank of Colby 4.4 7/5/2029 30781JBU3 0.000 5/5/2025 5/5/2025 7/5/2029 0.00 0.00 896.88 896.88 Farmers & Merchants Bank of Colby 4.4 7/5/2029 30781JBU3 0.000 4/7/2025 4/7/2025 7/5/2029 0.00 0.00 926.77 926.77 Farmers & Merchants Bank WI0.9 7/14/2025 307811DF3 0.000 6/16/2025 6/16/2025 7/14/2025 0.00 0.00 190.33 190.33 Farmers & Merchants Bank WI0.9 7/14/2025 307811DF3 0.000 5/14/2025 5/14/2025 7/14/2025 0.00 0.00 184.19 184.19 Farmers & Merchants Bank WI0.9 7/14/2025 307811DF3 0.000 4/14/2025 4/14/2025 7/14/2025 0.00 0.00 190.33 190.33 Farmers Insurance Group FCU 5.4 7/28/2025 30960QAR8 0.000 6/26/2025 6/26/2025 7/28/2025 0.00 0.00 1,137.40 1,137.40 Farmers Insurance Group FCU 5.4 7/28/2025 30960QAR8 0.000 5/27/2025 5/27/2025 7/28/2025 0.00 0.00 1,100.71 1,100.71 Farmers Insurance Group FCU 5.4 7/28/2025 30960QAR8 0.000 4/28/2025 4/28/2025 7/28/2025 0.00 0.00 1,137.40 1,137.40 FFCB 0.5 6/9/2025 3133ELH23 0.000 6/9/2025 6/9/2025 6/9/2025 0.00 0.00 1,250.00 1,250.00 FFCB 0.68 6/10/2025-22 3133ELH80 0.000 6/10/2025 6/10/2025 6/10/2025 0.00 0.00 1,700.00 1,700.00 FFCB 1.27 11/2/2026 3133ENCQ1 0.000 5/2/2025 5/2/2025 11/2/2026 0.00 0.00 6,350.00 6,350.00 FFCB 3.75 12/7/2027 3133EN3S7 0.000 6/9/2025 6/9/2025 12/7/2027 0.00 0.00 18,750.00 18,750.00 FFCB 3.875 10/15/2027 3133ERXJ5 0.000 4/15/2025 4/15/2025 10/15/2027 0.00 0.00 19,375.00 19,375.00 FFCB 3.875 12/10/2027 3133ER6Q9 0.000 6/10/2025 6/10/2025 12/10/2027 0.00 0.00 9,687.50 9,687.50 FFCB 3.875 6/8/2028 3133EPME2 0.000 6/9/2025 6/9/2025 6/8/2028 0.00 0.00 19,375.00 19,375.00 FFCB 4 11/29/2027 3133EN3H1 0.000 5/29/2025 5/29/2025 11/29/2027 0.00 0.00 20,000.00 20,000.00 FFCB 4.125 12/17/2029 3133ERL41 0.000 6/17/2025 6/17/2025 12/17/2029 0.00 0.00 20,625.00 20,625.00 FFCB 4.375 4/10/2029 3133ERAK7 0.000 4/10/2025 4/10/2025 4/10/2029 0.00 0.00 21,875.00 21,875.00 FFCB 4.625 11/13/2028 3133EPC45 0.000 5/13/2025 5/13/2025 11/13/2028 0.00 0.00 23,125.00 23,125.0062 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total FHLB 0.375 12/12/2025 3130AKFA9 0.000 6/12/2025 6/12/2025 12/12/2025 0.00 0.00 937.50 937.50 FHLB 0.5 6/13/2025 3130AJKW8 0.000 6/13/2025 6/13/2025 6/13/2025 0.00 0.00 1,250.00 1,250.00 FHLB 0.68 6/30/2025-21 3130AJRP6 0.000 6/30/2025 6/30/2025 6/30/2025 0.00 0.00 1,020.00 1,020.00 FHLB 0.75 6/12/2026 3130AMFS6 0.000 6/12/2025 6/12/2025 6/12/2026 0.00 0.00 3,750.00 3,750.00 FHLB 0.95 10/13/2026-23 3130APB46 0.000 4/14/2025 4/14/2025 10/13/2026 0.00 0.00 4,750.00 4,750.00 FHLB 1.25 12/21/2026 3130AQF65 0.000 6/23/2025 6/23/2025 12/21/2026 0.00 0.00 6,250.00 6,250.00 FHLB 2.5 10/14/2025-23 3130ARGJ4 0.000 4/14/2025 4/14/2025 10/14/2025 0.00 0.00 6,250.00 6,250.00 FHLB 2.7 4/19/2027-24 3130ARGY1 0.000 4/21/2025 4/21/2025 4/19/2027 0.00 0.00 13,500.00 13,500.00 FHLB 3.3 6/28/2027-24 3130ASDV8 0.000 6/30/2025 6/30/2025 6/28/2027 0.00 0.00 4,950.00 4,950.00 FHLB 4 10/5/2029-27 3130B35F6 0.000 4/7/2025 4/7/2025 10/5/2029 0.00 0.00 19,666.67 19,666.67 FHLB 4 10/9/2026 3130B3A29 0.000 4/9/2025 4/9/2025 10/9/2026 0.00 0.00 19,777.78 19,777.78 FHLB 4.3 10/23/2029-26 3130B3ES8 0.000 4/23/2025 4/23/2025 10/23/2029 0.00 0.00 21,500.00 21,500.00 FHLB 4.5 12/10/2029-26 3130B46Y2 0.000 6/10/2025 6/10/2025 12/10/2029 0.00 0.00 21,625.00 21,625.00 FHLB 5.04 4/23/2029-27 3130B14L8 0.000 4/23/2025 4/23/2025 4/23/2029 0.00 0.00 22,680.00 22,680.00 FHLB Step 11/24/2026-22 3130APTV7 0.000 5/27/2025 5/27/2025 11/24/2026 0.00 0.00 5,000.00 5,000.00 FHLMC 0.55 12/30/2025 3134GXGZ1 0.000 6/30/2025 6/30/2025 12/30/2025 0.00 0.00 1,375.00 1,375.00 FHLMC 0.625 5/27/2025 3134GVYG7 0.000 5/27/2025 5/27/2025 5/27/2025 0.00 0.00 3,125.00 3,125.00 FHLMC 0.65 10/27/2025-21 3134GW5R3 0.000 4/28/2025 4/28/2025 10/27/2025 0.00 0.00 1,300.00 1,300.00 FHLMC 0.8 10/28/2026-21 3134GW6C5 0.000 4/28/2025 4/28/2025 10/28/2026 0.00 0.00 2,000.00 2,000.00 FHLMC 5.6 4/17/2029-25 3134H1D26 0.000 4/17/2025 4/17/2025 4/17/2029 0.00 0.00 28,000.00 28,000.00 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 0.000 6/30/2025 6/30/2025 4/30/2026 0.00 0.00 147.44 147.44 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 0.000 5/30/2025 5/30/2025 4/30/2026 0.00 0.00 142.68 142.68 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 0.000 4/30/2025 4/30/2025 4/30/2026 0.00 0.00 147.44 147.44 Fieldpoint Private B&T CT 4 9/4/2026 31657FBA4 0.000 6/4/2025 6/4/2025 9/4/2026 0.00 0.00 842.52 842.52 Fieldpoint Private B&T CT 4 9/4/2026 31657FBA4 0.000 5/5/2025 5/5/2025 9/4/2026 0.00 0.00 815.34 815.34 Fieldpoint Private B&T CT 4 9/4/2026 31657FBA4 0.000 4/4/2025 4/4/2025 9/4/2026 0.00 0.00 842.52 842.52 First Bank Elk River MN 4.4 6/30/2028 31911KAK4 0.000 6/30/2025 6/30/2025 6/30/2028 0.00 0.00 926.77 926.77 First Bank Elk River MN 4.4 6/30/2028 31911KAK4 0.000 5/30/2025 5/30/2025 6/30/2028 0.00 0.00 896.88 896.88 First Bank Elk River MN 4.4 6/30/2028 31911KAK4 0.000 4/30/2025 4/30/2025 6/30/2028 0.00 0.00 926.77 926.77 First Bank NJ 4.45 12/26/2025 319137CB9 0.000 6/30/2025 6/30/2025 12/26/2025 0.00 0.00 5,414.13 5,414.13 First Federal Savings IN 4.25 7/9/2026 32021YEV1 0.000 6/9/2025 6/9/2025 7/9/2026 0.00 0.00 895.18 895.18 First Federal Savings IN 4.25 7/9/2026 32021YEV1 0.000 5/9/2025 5/9/2025 7/9/2026 0.00 0.00 866.30 866.30 First Federal Savings IN 4.25 7/9/2026 32021YEV1 0.000 4/9/2025 4/9/2025 7/9/2026 0.00 0.00 895.18 895.18 63 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total First Freedom Bank TN 1.2 4/29/2025 32027BAL1 0.000 4/29/2025 4/29/2025 4/29/2025 0.00 0.00 253.78 253.78 First Internet Bank of Indiana 1 5/12/2025 32056GDJ6 0.000 5/12/2025 5/12/2025 5/12/2025 0.00 0.00 210.63 210.63 First Internet Bank of Indiana 1 5/12/2025 32056GDJ6 0.000 4/11/2025 4/11/2025 5/12/2025 0.00 0.00 210.63 210.63 First Nat'l Bank of America MI 3.75 10/30/2028 32110YQ24 0.000 6/30/2025 6/30/2025 10/30/2028 0.00 0.00 789.86 789.86 First Nat'l Bank of America MI 3.75 10/30/2028 32110YQ24 0.000 5/30/2025 5/30/2025 10/30/2028 0.00 0.00 764.38 764.38 First Nat'l Bank of America MI 3.75 10/30/2028 32110YQ24 0.000 4/30/2025 4/30/2025 10/30/2028 0.00 0.00 789.86 789.86 First Nat'l Bank of McGregor 1.35 4/28/2025 32112UDR9 0.000 4/28/2025 4/28/2025 4/28/2025 0.00 0.00 284.35 284.35 First Service CU f/k/a SPCO TX 4.35 1/20/2028 78472EAB0 0.000 6/30/2025 6/30/2025 1/20/2028 0.00 0.00 890.26 890.26 First Service CU f/k/a SPCO TX 4.35 1/20/2028 78472EAB0 0.000 5/31/2025 5/31/2025 1/20/2028 0.00 0.00 919.94 919.94 First Service CU f/k/a SPCO TX 4.35 1/20/2028 78472EAB0 0.000 4/30/2025 4/30/2025 1/20/2028 0.00 0.00 890.26 890.26 Flagstar Bank, NA NY 1.25 4/30/2025 33847E3A3 0.000 4/30/2025 4/30/2025 4/30/2025 0.00 0.00 1,545.75 1,545.75 FNMA 0.5 11/7/2025 3135G06G3 0.000 5/7/2025 5/7/2025 11/7/2025 0.00 0.00 5,000.00 5,000.00 FNMA 0.56 11/17/2025-22 3135GA2Z3 0.000 5/19/2025 5/19/2025 11/17/2025 0.00 0.00 1,400.00 1,400.00 FNMA 0.6 12/23/2025-21 3135GA7D7 0.000 6/23/2025 6/23/2025 12/23/2025 0.00 0.00 1,500.00 1,500.00 FNMA 0.625 4/22/2025 3135G03U5 0.000 4/22/2025 4/22/2025 4/22/2025 0.00 0.00 1,562.50 1,562.50 FNMA 4.75 5/15/2029-25 3135GAS36 0.000 5/15/2025 5/15/2025 5/15/2029 0.00 0.00 23,750.00 23,750.00 FNMA 5.25 4/2/2027-25 3135GAQZ7 0.000 4/2/2025 4/2/2025 4/2/2027 0.00 0.00 26,250.00 26,250.00 FNMA 5.5 4/22/2027-25 3135GARK9 0.000 4/22/2025 4/22/2025 4/22/2027 0.00 0.00 27,500.00 27,500.00 Forbright Bank MD 4.6 11/2/2027 34520LAT0 0.000 6/2/2025 6/2/2025 11/2/2027 0.00 0.00 968.90 968.90 Forbright Bank MD 4.6 11/2/2027 34520LAT0 0.000 5/2/2025 5/2/2025 11/2/2027 0.00 0.00 937.64 937.64 Forbright Bank MD 4.6 11/2/2027 34520LAT0 0.000 4/2/2025 4/2/2025 11/2/2027 0.00 0.00 968.90 968.90 Four Points FCU 4.55 5/11/2026 35089LAF0 0.000 6/10/2025 6/10/2025 5/11/2026 0.00 0.00 958.37 958.37 Four Points FCU 4.55 5/11/2026 35089LAF0 0.000 5/12/2025 5/12/2025 5/11/2026 0.00 0.00 927.45 927.45 Four Points FCU 4.55 5/11/2026 35089LAF0 0.000 4/10/2025 4/10/2025 5/11/2026 0.00 0.00 958.37 958.37 Genesee Regional Bank NY 4.2 12/28/2026 37173RAL7 0.000 6/27/2025 6/27/2025 12/28/2026 0.00 0.00 5,109.96 5,109.96 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 011852AE0 0.000 6/9/2025 6/9/2025 3/8/2028 0.00 0.00 968.90 968.90 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 011852AE0 0.000 5/8/2025 5/8/2025 3/8/2028 0.00 0.00 937.64 937.64 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 011852AE0 0.000 4/8/2025 4/8/2025 3/8/2028 0.00 0.00 968.90 968.90 Golden State Bank CA 4.45 6/22/2027 38120MCA2 0.000 6/23/2025 6/23/2025 6/22/2027 0.00 0.00 941.08 941.08 64 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Golden State Bank CA 4.45 6/22/2027 38120MCA2 0.000 5/22/2025 5/22/2025 6/22/2027 0.00 0.00 910.73 910.73 Golden State Bank CA 4.45 6/22/2027 38120MCA2 0.000 4/22/2025 4/22/2025 6/22/2027 0.00 0.00 941.08 941.08 Greenstate Credit Union IA 0.95 4/16/2026 39573LBC1 0.000 6/2/2025 6/2/2025 4/16/2026 0.00 0.00 200.91 200.91 Greenstate Credit Union IA 0.95 4/16/2026 39573LBC1 0.000 5/1/2025 5/1/2025 4/16/2026 0.00 0.00 194.42 194.42 Healthcare Systems FCU VA 5.1 10/27/2028 42228LAN1 0.000 6/27/2025 6/27/2025 10/27/2028 0.00 0.00 1,074.21 1,074.21 Healthcare Systems FCU VA 5.1 10/27/2028 42228LAN1 0.000 5/27/2025 5/27/2025 10/27/2028 0.00 0.00 1,039.56 1,039.56 Healthcare Systems FCU VA 5.1 10/27/2028 42228LAN1 0.000 4/28/2025 4/28/2025 10/27/2028 0.00 0.00 1,074.21 1,074.21 Ideal Credit Union MN 4.5 12/29/2027 45157PAZ3 0.000 6/2/2025 6/2/2025 12/29/2027 0.00 0.00 947.84 947.84 Ideal Credit Union MN 4.5 12/29/2027 45157PAZ3 0.000 5/1/2025 5/1/2025 12/29/2027 0.00 0.00 917.26 917.26 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 0.000 6/30/2025 6/30/2025 6/29/2027 0.00 0.00 989.96 989.96 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 0.000 5/29/2025 5/29/2025 6/29/2027 0.00 0.00 958.03 958.03 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 0.000 4/29/2025 4/29/2025 6/29/2027 0.00 0.00 989.96 989.96 Knoxville TVA Employees Credit Union 4.85 8/25/202 499724AP7 0.000 6/2/2025 6/2/2025 8/25/2028 0.00 0.00 1,021.56 1,021.56 Knoxville TVA Employees Credit Union 4.85 8/25/202 499724AP7 0.000 5/1/2025 5/1/2025 8/25/2028 0.00 0.00 988.60 988.60 Lafayette FCU MD 4.1 3/28/2029 50625LCA9 0.000 6/30/2025 6/30/2025 3/28/2029 0.00 0.00 863.58 863.58 Lafayette FCU MD 4.1 3/28/2029 50625LCA9 0.000 5/28/2025 5/28/2025 3/28/2029 0.00 0.00 835.73 835.73 Lafayette FCU MD 4.1 3/28/2029 50625LCA9 0.000 4/28/2025 4/28/2025 3/28/2029 0.00 0.00 863.58 863.58 LAIF | City LGIP CITYLAIF3434 0.000 6/30/2025 6/30/2025 N/A 0.00 0.00 78,974.08 78,974.08 LAIF | City LGIP CITYLAIF3434 0.000 5/31/2025 5/31/2025 N/A 0.00 0.00 78,974.06 78,974.06 LAIF | City LGIP CITYLAIF3434 0.000 4/30/2025 4/30/2025 N/A 0.00 0.00 78,974.06 78,974.06 LAIF | Housing LGIP HOUSINGLAIF3005 0.000 6/30/2025 6/30/2025 N/A 0.00 0.00 8,133.92 8,133.92 LAIF | Housing LGIP HOUSINGLAIF3005 0.000 5/31/2025 5/31/2025 N/A 0.00 0.00 8,133.92 8,133.92 LAIF | Housing LGIP HOUSINGLAIF3005 0.000 4/30/2025 4/30/2025 N/A 0.00 0.00 8,133.92 8,133.92 Latino Community Credit Union NC 4.5 12/21/2027 51828MAC8 0.000 6/23/2025 6/23/2025 12/21/2027 0.00 0.00 947.84 947.84 Latino Community Credit Union NC 4.5 12/21/2027 51828MAC8 0.000 5/21/2025 5/21/2025 12/21/2027 0.00 0.00 917.26 917.26 Latino Community Credit Union NC 4.5 12/21/2027 51828MAC8 0.000 4/21/2025 4/21/2025 12/21/2027 0.00 0.00 947.84 947.84 Leader Bank, NA MA 2.55 4/22/2025 52168UHY1 0.000 4/22/2025 4/22/2025 4/22/2025 0.00 0.00 3,115.19 3,115.19 Leaders Credit Union TN 5.1 10/30/2028 52171MAM7 0.000 6/30/2025 6/30/2025 10/30/2028 0.00 0.00 1,074.21 1,074.2165 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Leaders Credit Union TN 5.1 10/30/2028 52171MAM7 0.000 5/30/2025 5/30/2025 10/30/2028 0.00 0.00 1,039.56 1,039.56 Leaders Credit Union TN 5.1 10/30/2028 52171MAM7 0.000 4/30/2025 4/30/2025 10/30/2028 0.00 0.00 1,074.21 1,074.21 Legacy Bank & Trust Co. MO 4.5 9/27/2028 52470QEC4 0.000 6/27/2025 6/27/2025 9/27/2028 0.00 0.00 947.84 947.84 Legacy Bank & Trust Co. MO 4.5 9/27/2028 52470QEC4 0.000 5/27/2025 5/27/2025 9/27/2028 0.00 0.00 917.26 917.26 Legacy Bank & Trust Co. MO 4.5 9/27/2028 52470QEC4 0.000 4/28/2025 4/28/2025 9/27/2028 0.00 0.00 947.84 947.84 Legends Bank TN 3.75 9/11/2028 52465JKL0 0.000 6/11/2025 6/11/2025 9/11/2028 0.00 0.00 789.86 789.86 Legends Bank TN 3.75 9/11/2028 52465JKL0 0.000 5/12/2025 5/12/2025 9/11/2028 0.00 0.00 764.38 764.38 Legends Bank TN 3.75 9/11/2028 52465JKL0 0.000 4/11/2025 4/11/2025 9/11/2028 0.00 0.00 789.86 789.86 Liberty First Credit Union NE 4.5 2/22/2028 530520AH8 0.000 6/2/2025 6/2/2025 2/22/2028 0.00 0.00 947.84 947.84 Liberty First Credit Union NE 4.5 2/22/2028 530520AH8 0.000 5/1/2025 5/1/2025 2/22/2028 0.00 0.00 917.26 917.26 Maine Community Bank 3.75 8/30/2027 560390DC7 0.000 6/30/2025 6/30/2025 8/30/2027 0.00 0.00 789.86 789.86 Maine Community Bank 3.75 8/30/2027 560390DC7 0.000 5/30/2025 5/30/2025 8/30/2027 0.00 0.00 764.38 764.38 Maine Community Bank 3.75 8/30/2027 560390DC7 0.000 4/30/2025 4/30/2025 8/30/2027 0.00 0.00 789.86 789.86 Maine Savings FCU 4.8 7/21/2028 560507AQ8 0.000 6/23/2025 6/23/2025 7/21/2028 0.00 0.00 1,011.02 1,011.02 Maine Savings FCU 4.8 7/21/2028 560507AQ8 0.000 5/21/2025 5/21/2025 7/21/2028 0.00 0.00 978.41 978.41 Maine Savings FCU 4.8 7/21/2028 560507AQ8 0.000 4/21/2025 4/21/2025 7/21/2028 0.00 0.00 1,011.02 1,011.02 Marathon Bank WI 1.8 3/16/2027 565819AG4 0.000 6/16/2025 6/16/2025 3/16/2027 0.00 0.00 379.13 379.13 Marathon Bank WI 1.8 3/16/2027 565819AG4 0.000 5/16/2025 5/16/2025 3/16/2027 0.00 0.00 366.90 366.90 Marathon Bank WI 1.8 3/16/2027 565819AG4 0.000 4/16/2025 4/16/2025 3/16/2027 0.00 0.00 379.13 379.13 Marine FCU NC 4 8/31/2026 56824JBC7 0.000 6/30/2025 6/30/2025 8/31/2026 0.00 0.00 842.52 842.52 Marine FCU NC 4 8/31/2026 56824JBC7 0.000 5/30/2025 5/30/2025 8/31/2026 0.00 0.00 815.34 815.34 Marine FCU NC 4 8/31/2026 56824JBC7 0.000 4/30/2025 4/30/2025 8/31/2026 0.00 0.00 842.52 842.52 Medallion Bank UT 4.85 10/20/2028 58404DTP6 0.000 6/20/2025 6/20/2025 10/20/2028 0.00 0.00 1,021.56 1,021.56 Medallion Bank UT 4.85 10/20/2028 58404DTP6 0.000 5/20/2025 5/20/2025 10/20/2028 0.00 0.00 988.60 988.60 Medallion Bank UT 4.85 10/20/2028 58404DTP6 0.000 4/21/2025 4/21/2025 10/20/2028 0.00 0.00 1,021.56 1,021.56 Merrick Bank UT 1.1 11/9/2026 59013KPN0 0.000 6/9/2025 6/9/2025 11/9/2026 0.00 0.00 232.63 232.63 Merrick Bank UT 1.1 11/9/2026 59013KPN0 0.000 5/9/2025 5/9/2025 11/9/2026 0.00 0.00 225.12 225.12 Merrick Bank UT 1.1 11/9/2026 59013KPN0 0.000 4/9/2025 4/9/2025 11/9/2026 0.00 0.00 232.63 232.63 Metro Credit Union MA 1.7 2/18/2027 59161YAP1 0.000 6/2/2025 6/2/2025 2/18/2027 0.00 0.00 359.52 359.52 Metro Credit Union MA 1.7 2/18/2027 59161YAP1 0.000 5/1/2025 5/1/2025 2/18/2027 0.00 0.00 347.92 347.92 Mid Carolina Credit Union SC 4.85 3/13/2026 59524LAA4 0.000 6/13/2025 6/13/2025 3/13/2026 0.00 0.00 1,021.56 1,021.56 66 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Mid Carolina Credit Union SC 4.85 3/13/2026 59524LAA4 0.000 5/13/2025 5/13/2025 3/13/2026 0.00 0.00 988.60 988.60 Mid Carolina Credit Union SC 4.85 3/13/2026 59524LAA4 0.000 4/14/2025 4/14/2025 3/13/2026 0.00 0.00 1,021.56 1,021.56 Milestone Bk f/k/a LCA UT 1 6/26/2026 501798RP9 0.000 6/27/2025 6/27/2025 6/26/2026 0.00 0.00 1,236.60 1,236.60 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 0.000 6/2/2025 6/2/2025 5/3/2027 0.00 0.00 895.18 895.18 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 0.000 5/1/2025 5/1/2025 5/3/2027 0.00 0.00 866.30 866.30 Money One FCU MD 5 9/14/2028 60936TAL3 0.000 6/16/2025 6/16/2025 9/14/2028 0.00 0.00 1,053.15 1,053.15 Money One FCU MD 5 9/14/2028 60936TAL3 0.000 5/14/2025 5/14/2025 9/14/2028 0.00 0.00 1,019.18 1,019.18 Money One FCU MD 5 9/14/2028 60936TAL3 0.000 4/14/2025 4/14/2025 9/14/2028 0.00 0.00 1,053.15 1,053.15 Mountain American FCU 4.7 4/28/2026 62384RAT3 0.000 6/2/2025 6/2/2025 4/28/2026 0.00 0.00 989.96 989.96 Mountain American FCU 4.7 4/28/2026 62384RAT3 0.000 5/1/2025 5/1/2025 4/28/2026 0.00 0.00 958.03 958.03 MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 0.000 6/2/2025 6/2/2025 2/1/2028 0.00 0.00 853.05 853.05 MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 0.000 5/1/2025 5/1/2025 2/1/2028 0.00 0.00 825.53 825.53 Northpointe Bank MI 4.85 10/20/2028 666613MK7 0.000 6/20/2025 6/20/2025 10/20/2028 0.00 0.00 1,021.56 1,021.56 Northpointe Bank MI 4.85 10/20/2028 666613MK7 0.000 5/20/2025 5/20/2025 10/20/2028 0.00 0.00 988.60 988.60 Northpointe Bank MI 4.85 10/20/2028 666613MK7 0.000 4/21/2025 4/21/2025 10/20/2028 0.00 0.00 1,021.56 1,021.56 Numerica CU 4.15 11/26/2029 67054NBT9 0.000 6/26/2025 6/26/2025 11/26/2029 0.00 0.00 874.12 874.12 Numerica CU 4.15 11/26/2029 67054NBT9 0.000 5/27/2025 5/27/2025 11/26/2029 0.00 0.00 845.92 845.92 Numerica CU 4.15 11/26/2029 67054NBT9 0.000 4/28/2025 4/28/2025 11/26/2029 0.00 0.00 874.12 874.12 Oregon Community Credit Union 4.85 6/7/2027 68584JAT6 0.000 6/9/2025 6/9/2025 6/7/2027 0.00 0.00 1,021.56 1,021.56 Oregon Community Credit Union 4.85 6/7/2027 68584JAT6 0.000 5/7/2025 5/7/2025 6/7/2027 0.00 0.00 988.60 988.60 Oregon Community Credit Union 4.85 6/7/2027 68584JAT6 0.000 4/7/2025 4/7/2025 6/7/2027 0.00 0.00 1,021.56 1,021.56 Pacific Crest Savings Bank WA 3.9 8/16/2029 69417ADA4 0.000 6/16/2025 6/16/2025 8/16/2029 0.00 0.00 821.46 821.46 Pacific Crest Savings Bank WA 3.9 8/16/2029 69417ADA4 0.000 5/16/2025 5/16/2025 8/16/2029 0.00 0.00 794.96 794.96 Pacific Crest Savings Bank WA 3.9 8/16/2029 69417ADA4 0.000 4/16/2025 4/16/2025 8/16/2029 0.00 0.00 821.46 821.46 Parkside Financial B&T MO 3.75 9/13/2028 70147AGA6 0.000 6/13/2025 6/13/2025 9/13/2028 0.00 0.00 789.86 789.86 Parkside Financial B&T MO 3.75 9/13/2028 70147AGA6 0.000 5/13/2025 5/13/2025 9/13/2028 0.00 0.00 764.38 764.38 Parkside Financial B&T MO 3.75 9/13/2028 70147AGA6 0.000 4/14/2025 4/14/2025 9/13/2028 0.00 0.00 789.86 789.86 Pentagon FCU 0.7 9/2/2025 70962LAF9 0.000 6/2/2025 6/2/2025 9/2/2025 0.00 0.00 148.04 148.04 Pentagon FCU 0.7 9/2/2025 70962LAF9 0.000 5/1/2025 5/1/2025 9/2/2025 0.00 0.00 143.26 143.2667 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Peoples Exchange Bank KY 4.15 8/9/2027 71104AAS2 0.000 6/9/2025 6/9/2025 8/9/2027 0.00 0.00 874.12 874.12 Peoples Exchange Bank KY 4.15 8/9/2027 71104AAS2 0.000 5/9/2025 5/9/2025 8/9/2027 0.00 0.00 845.92 845.92 Peoples Exchange Bank KY 4.15 8/9/2027 71104AAS2 0.000 4/9/2025 4/9/2025 8/9/2027 0.00 0.00 874.12 874.12 Ponce Bank NY 3.5 9/15/2027 732329BD8 0.000 6/16/2025 6/16/2025 9/15/2027 0.00 0.00 737.21 737.21 Ponce Bank NY 3.5 9/15/2027 732329BD8 0.000 5/15/2025 5/15/2025 9/15/2027 0.00 0.00 713.42 713.42 Ponce Bank NY 3.5 9/15/2027 732329BD8 0.000 4/15/2025 4/15/2025 9/15/2027 0.00 0.00 737.21 737.21 Prevail Bank WI 4.25 1/24/2028 887171AB2 0.000 6/24/2025 6/24/2025 1/24/2028 0.00 0.00 898.79 898.79 Prevail Bank WI 4.25 1/24/2028 887171AB2 0.000 5/27/2025 5/27/2025 1/24/2028 0.00 0.00 869.79 869.79 Prevail Bank WI 4.25 1/24/2028 887171AB2 0.000 4/24/2025 4/24/2025 1/24/2028 0.00 0.00 898.79 898.79 RiverWood Bank MN 3.85 3/11/2027 76951DBZ2 0.000 6/11/2025 6/11/2025 3/11/2027 0.00 0.00 810.93 810.93 RiverWood Bank MN 3.85 3/11/2027 76951DBZ2 0.000 5/12/2025 5/12/2025 3/11/2027 0.00 0.00 784.77 784.77 RiverWood Bank MN 3.85 3/11/2027 76951DBZ2 0.000 4/11/2025 4/11/2025 3/11/2027 0.00 0.00 810.93 810.93 Rize FCU f/k/a SCE CA 4.7 6/20/2029 78413RAV9 0.000 6/20/2025 6/20/2025 6/20/2029 0.00 0.00 989.96 989.96 Rize FCU f/k/a SCE CA 4.7 6/20/2029 78413RAV9 0.000 5/20/2025 5/20/2025 6/20/2029 0.00 0.00 958.03 958.03 Rize FCU f/k/a SCE CA 4.7 6/20/2029 78413RAV9 0.000 4/21/2025 4/21/2025 6/20/2029 0.00 0.00 989.96 989.96 Rockland FCU MA 4.6 12/22/2026 77357DAD0 0.000 6/23/2025 6/23/2025 12/22/2026 0.00 0.00 968.90 968.90 Rockland FCU MA 4.6 12/22/2026 77357DAD0 0.000 5/22/2025 5/22/2025 12/22/2026 0.00 0.00 937.64 937.64 Rockland FCU MA 4.6 12/22/2026 77357DAD0 0.000 4/22/2025 4/22/2025 12/22/2026 0.00 0.00 968.90 968.90 San Francisco FCU CA 4.35 2/3/2028 79772FAG1 0.000 6/3/2025 6/3/2025 2/3/2028 0.00 0.00 916.24 916.24 San Francisco FCU CA 4.35 2/3/2028 79772FAG1 0.000 5/5/2025 5/5/2025 2/3/2028 0.00 0.00 886.68 886.68 San Francisco FCU CA 4.35 2/3/2028 79772FAG1 0.000 4/3/2025 4/3/2025 2/3/2028 0.00 0.00 916.24 916.24 Signature FCU VA 4.4 1/31/2028 82671DAB3 0.000 6/30/2025 6/30/2025 1/31/2028 0.00 0.00 896.88 896.88 Signature FCU VA 4.4 1/31/2028 82671DAB3 0.000 5/31/2025 5/31/2025 1/31/2028 0.00 0.00 926.77 926.77 Signature FCU VA 4.4 1/31/2028 82671DAB3 0.000 4/30/2025 4/30/2025 1/31/2028 0.00 0.00 896.88 896.88 Simmons Bank f/k/a Landmark Comm. 0.5 1/22/2026 51507LCC6 0.000 6/23/2025 6/23/2025 1/22/2026 0.00 0.00 105.32 105.32 Simmons Bank f/k/a Landmark Comm. 0.5 1/22/2026 51507LCC6 0.000 5/22/2025 5/22/2025 1/22/2026 0.00 0.00 101.92 101.92 Simmons Bank f/k/a Landmark Comm. 0.5 1/22/2026 51507LCC6 0.000 4/22/2025 4/22/2025 1/22/2026 0.00 0.00 105.32 105.32 SkyOne FCU CA 3.9 10/25/2028 83088XAR9 0.000 6/25/2025 6/25/2025 10/25/2028 0.00 0.00 821.46 821.46 SkyOne FCU CA 3.9 10/25/2028 83088XAR9 0.000 5/27/2025 5/27/2025 10/25/2028 0.00 0.00 794.96 794.96 SkyOne FCU CA 3.9 10/25/2028 83088XAR9 0.000 4/25/2025 4/25/2025 10/25/2028 0.00 0.00 821.46 821.46 SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 0.000 6/16/2025 6/16/2025 8/14/2028 0.00 0.00 863.58 863.58 SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 0.000 5/14/2025 5/14/2025 8/14/2028 0.00 0.00 835.73 835.7368 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 0.000 4/14/2025 4/14/2025 8/14/2028 0.00 0.00 863.58 863.58 Southern Bank GA 4.25 1/28/2026 84229LBA9 0.000 4/28/2025 4/28/2025 1/28/2026 0.00 0.00 5,170.79 5,170.79 Southern Bank MO 4.2 5/17/2028 843383CS7 0.000 6/17/2025 6/17/2025 5/17/2028 0.00 0.00 884.65 884.65 Southern Bank MO 4.2 5/17/2028 843383CS7 0.000 5/19/2025 5/19/2025 5/17/2028 0.00 0.00 856.11 856.11 Southern Bank MO 4.2 5/17/2028 843383CS7 0.000 4/17/2025 4/17/2025 5/17/2028 0.00 0.00 884.65 884.65 Southern Bank of TN 4.35 7/12/2029 84229QAC5 0.000 6/12/2025 6/12/2025 7/12/2029 0.00 0.00 916.24 916.24 Southern Bank of TN 4.35 7/12/2029 84229QAC5 0.000 5/12/2025 5/12/2025 7/12/2029 0.00 0.00 886.68 886.68 Southern Bank of TN 4.35 7/12/2029 84229QAC5 0.000 4/14/2025 4/14/2025 7/12/2029 0.00 0.00 916.24 916.24 Southern First Bank SC 4.7 5/14/2025 84287PJH6 0.000 5/14/2025 5/14/2025 5/14/2025 0.00 0.00 958.03 958.03 Southern First Bank SC 4.7 5/14/2025 84287PJH6 0.000 4/14/2025 4/14/2025 5/14/2025 0.00 0.00 989.96 989.96 Southern States Bank 4.15 9/21/2026 843879GS0 0.000 6/23/2025 6/23/2025 9/21/2026 0.00 0.00 874.12 874.12 Southern States Bank 4.15 9/21/2026 843879GS0 0.000 5/21/2025 5/21/2025 9/21/2026 0.00 0.00 845.92 845.92 Southern States Bank 4.15 9/21/2026 843879GS0 0.000 4/21/2025 4/21/2025 9/21/2026 0.00 0.00 874.12 874.12 St. Vincent's Medical Center FCU 4.6 6/16/2027 85279AAC6 0.000 6/16/2025 6/16/2025 6/16/2027 0.00 0.00 968.90 968.90 St. Vincent's Medical Center FCU 4.6 6/16/2027 85279AAC6 0.000 5/16/2025 5/16/2025 6/16/2027 0.00 0.00 937.64 937.64 St. Vincent's Medical Center FCU 4.6 6/16/2027 85279AAC6 0.000 4/16/2025 4/16/2025 6/16/2027 0.00 0.00 968.90 968.90 Sunwest Bank 3.55 9/28/2029 86804DDG0 0.000 6/30/2025 6/30/2025 9/28/2029 0.00 0.00 747.74 747.74 Sunwest Bank 3.55 9/28/2029 86804DDG0 0.000 5/30/2025 5/30/2025 9/28/2029 0.00 0.00 723.62 723.62 Sunwest Bank 3.55 9/28/2029 86804DDG0 0.000 4/30/2025 4/30/2025 9/28/2029 0.00 0.00 747.74 747.74 Technology Credit Union CA 5 5/29/2026 87868YAQ6 0.000 6/2/2025 6/2/2025 5/29/2026 0.00 0.00 1,053.15 1,053.15 Technology Credit Union CA 5 5/29/2026 87868YAQ6 0.000 5/1/2025 5/1/2025 5/29/2026 0.00 0.00 1,019.18 1,019.18 Texas Exchange Bank 3.7 9/6/2029 88241TSW1 0.000 6/6/2025 6/6/2025 9/6/2029 0.00 0.00 779.33 779.33 Texas Exchange Bank 3.7 9/6/2029 88241TSW1 0.000 5/6/2025 5/6/2025 9/6/2029 0.00 0.00 754.19 754.19 Texas Exchange Bank 3.7 9/6/2029 88241TSW1 0.000 4/7/2025 4/7/2025 9/6/2029 0.00 0.00 779.33 779.33 The Genoa Banking Co. 4.6 11/28/2028 372348DJ8 0.000 6/30/2025 6/30/2025 11/28/2028 0.00 0.00 968.90 968.90 The Genoa Banking Co. 4.6 11/28/2028 372348DJ8 0.000 5/28/2025 5/28/2025 11/28/2028 0.00 0.00 937.64 937.64 The Genoa Banking Co. 4.6 11/28/2028 372348DJ8 0.000 4/28/2025 4/28/2025 11/28/2028 0.00 0.00 968.90 968.90 The Greenwood's State Bank WI 3.05 5/17/2027 397417AQ9 0.000 6/17/2025 6/17/2025 5/17/2027 0.00 0.00 642.42 642.42 69 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total The Greenwood's State Bank WI 3.05 5/17/2027 397417AQ9 0.000 5/19/2025 5/19/2025 5/17/2027 0.00 0.00 621.70 621.70 The Greenwood's State Bank WI 3.05 5/17/2027 397417AQ9 0.000 4/17/2025 4/17/2025 5/17/2027 0.00 0.00 642.42 642.42 The Pitney Bowes Bank, Inc UT 4.35 4/13/2028 724468AC7 0.000 4/14/2025 4/14/2025 4/13/2028 0.00 0.00 5,292.46 5,292.46 T-Note 0.25 10/31/2025 91282CAT8 0.000 4/30/2025 4/30/2025 10/31/2025 0.00 0.00 1,250.00 1,250.00 T-Note 0.375 11/30/2025 91282CAZ4 0.000 5/31/2025 5/31/2025 11/30/2025 0.00 0.00 937.50 937.50 T-Note 0.375 12/31/2025 91282CBC4 0.000 6/30/2025 6/30/2025 12/31/2025 0.00 0.00 937.50 937.50 T-Note 0.75 5/31/2026 91282CCF6 0.000 5/31/2025 5/31/2025 5/31/2026 0.00 0.00 5,625.00 5,625.00 T-Note 1.125 10/31/2026 91282CDG3 0.000 4/30/2025 4/30/2025 10/31/2026 0.00 0.00 2,812.50 2,812.50 T-Note 2.375 4/30/2026 9128286S4 0.000 4/30/2025 4/30/2025 4/30/2026 0.00 0.00 11,875.00 11,875.00 T-Note 2.375 5/15/2027 912828X88 0.000 5/15/2025 5/15/2025 5/15/2027 0.00 0.00 11,875.00 11,875.00 T-Note 2.625 5/31/2027 91282CET4 0.000 5/31/2025 5/31/2025 5/31/2027 0.00 0.00 19,687.50 19,687.50 T-Note 2.75 4/30/2027 91282CEN7 0.000 4/30/2025 4/30/2025 4/30/2027 0.00 0.00 6,875.00 6,875.00 T-Note 2.875 4/30/2029 91282CEM9 0.000 4/30/2025 4/30/2025 4/30/2029 0.00 0.00 14,375.00 14,375.00 T-Note 3.125 11/15/2028 9128285M8 0.000 5/15/2025 5/15/2025 11/15/2028 0.00 0.00 15,625.00 15,625.00 T-Note 3.25 6/30/2027 91282CEW7 0.000 6/30/2025 6/30/2025 6/30/2027 0.00 0.00 16,250.00 16,250.00 T-Note 3.5 4/30/2028 91282CHA2 0.000 4/30/2025 4/30/2025 4/30/2028 0.00 0.00 35,000.00 35,000.00 T-Note 3.625 5/31/2028 91282CHE4 0.000 5/31/2025 5/31/2025 5/31/2028 0.00 0.00 18,125.00 18,125.00 T-Note 3.75 12/31/2028 91282CJR3 0.000 6/30/2025 6/30/2025 12/31/2028 0.00 0.00 37,500.00 37,500.00 T-Note 3.75 5/31/2030 91282CHF1 0.000 5/31/2025 5/31/2025 5/31/2030 0.00 0.00 18,750.00 18,750.00 T-Note 3.75 6/30/2030 91282CHJ3 0.000 6/30/2025 6/30/2025 6/30/2030 0.00 0.00 18,750.00 18,750.00 T-Note 3.875 11/30/2029 91282CFY2 0.000 5/31/2025 5/31/2025 11/30/2029 0.00 0.00 19,375.00 19,375.00 T-Note 4 10/31/2029 91282CFT3 0.000 4/30/2025 4/30/2025 10/31/2029 0.00 0.00 20,000.00 20,000.00 T-Note 4.125 10/31/2027 91282CFU0 0.000 4/30/2025 4/30/2025 10/31/2027 0.00 0.00 36,093.75 36,093.75 T-Note 4.125 11/30/2029 91282CMA6 0.000 5/31/2025 5/31/2025 11/30/2029 0.00 0.00 20,625.00 20,625.00 T-Note 4.125 6/15/2026 91282CHH7 0.000 6/16/2025 6/16/2025 6/15/2026 0.00 0.00 20,625.00 20,625.00 T-Note 4.25 6/30/2029 91282CKX8 0.000 6/30/2025 6/30/2025 6/30/2029 0.00 0.00 42,500.00 42,500.00 T-Note 4.375 12/31/2029 91282CMD0 0.000 6/30/2025 6/30/2025 12/31/2029 0.00 0.00 32,812.50 32,812.50 T-Note 4.5 5/31/2029 91282CKT7 0.000 5/31/2025 5/31/2025 5/31/2029 0.00 0.00 45,000.00 45,000.00 Toyota Financial Savings Bank NV 0.9 4/22/2026 89235MKY6 0.000 4/22/2025 4/22/2025 4/22/2026 0.00 0.00 1,099.48 1,099.48 Truliant FCU NC 4.7 9/10/2027 89789AAG2 0.000 6/10/2025 6/10/2025 9/10/2027 0.00 0.00 989.96 989.96 Truliant FCU NC 4.7 9/10/2027 89789AAG2 0.000 5/12/2025 5/12/2025 9/10/2027 0.00 0.00 958.03 958.03 Truliant FCU NC 4.7 9/10/2027 89789AAG2 0.000 4/10/2025 4/10/2025 9/10/2027 0.00 0.00 989.96 989.96 Tuscon FCU AZ 5 9/8/2028 898812AC6 0.000 6/9/2025 6/9/2025 9/8/2028 0.00 0.00 1,053.15 1,053.15 Tuscon FCU AZ 5 9/8/2028 898812AC6 0.000 5/8/2025 5/8/2025 9/8/2028 0.00 0.00 1,019.18 1,019.18 Tuscon FCU AZ 5 9/8/2028 898812AC6 0.000 4/8/2025 4/8/2025 9/8/2028 0.00 0.00 1,053.15 1,053.15 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 0.000 6/25/2025 6/25/2025 10/25/2028 0.00 0.00 1,032.09 1,032.09 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 0.000 5/27/2025 5/27/2025 10/25/2028 0.00 0.00 998.79 998.7970 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total UBS Bank USA UT 4.9 10/25/2028 90355GHG4 0.000 4/25/2025 4/25/2025 10/25/2028 0.00 0.00 1,032.09 1,032.09 United Fidelity Bank, fsb IN 4.5 6/29/2028 910286GN7 0.000 6/30/2025 6/30/2025 6/29/2028 0.00 0.00 947.84 947.84 United Fidelity Bank, fsb IN 4.5 6/29/2028 910286GN7 0.000 5/29/2025 5/29/2025 6/29/2028 0.00 0.00 917.26 917.26 United Fidelity Bank, fsb IN 4.5 6/29/2028 910286GN7 0.000 4/29/2025 4/29/2025 6/29/2028 0.00 0.00 947.84 947.84 United Roosevelt Savings Bank NJ 1.9 3/11/2027 91139LAB2 0.000 6/11/2025 6/11/2025 3/11/2027 0.00 0.00 400.20 400.20 United Roosevelt Savings Bank NJ 1.9 3/11/2027 91139LAB2 0.000 5/12/2025 5/12/2025 3/11/2027 0.00 0.00 387.29 387.29 United Roosevelt Savings Bank NJ 1.9 3/11/2027 91139LAB2 0.000 4/11/2025 4/11/2025 3/11/2027 0.00 0.00 400.20 400.20 United Teletech FCU NJ 5.1 11/8/2027 913065AD0 0.000 6/9/2025 6/9/2025 11/8/2027 0.00 0.00 1,074.21 1,074.21 United Teletech FCU NJ 5.1 11/8/2027 913065AD0 0.000 5/8/2025 5/8/2025 11/8/2027 0.00 0.00 1,039.56 1,039.56 United Teletech FCU NJ 5.1 11/8/2027 913065AD0 0.000 4/8/2025 4/8/2025 11/8/2027 0.00 0.00 1,074.21 1,074.21 University Bank MI 4.2 11/30/2027 914098DJ4 0.000 6/30/2025 6/30/2025 11/30/2027 0.00 0.00 888.21 888.21 University Bank MI 4.2 11/30/2027 914098DJ4 0.000 5/30/2025 5/30/2025 11/30/2027 0.00 0.00 859.56 859.56 University Bank MI 4.2 11/30/2027 914098DJ4 0.000 4/30/2025 4/30/2025 11/30/2027 0.00 0.00 888.21 888.21 University Credit Union Los Angeles 4 9/26/2025 914242AA0 0.000 6/26/2025 6/26/2025 9/26/2025 0.00 0.00 842.52 842.52 University Credit Union Los Angeles 4 9/26/2025 914242AA0 0.000 5/27/2025 5/27/2025 9/26/2025 0.00 0.00 815.34 815.34 University Credit Union Los Angeles 4 9/26/2025 914242AA0 0.000 4/28/2025 4/28/2025 9/26/2025 0.00 0.00 842.52 842.52 Univest Bank & Trust Co. PA 4.35 5/12/2028 91527PBY2 0.000 6/12/2025 6/12/2025 5/12/2028 0.00 0.00 916.24 916.24 Univest Bank & Trust Co. PA 4.35 5/12/2028 91527PBY2 0.000 5/12/2025 5/12/2025 5/12/2028 0.00 0.00 886.68 886.68 Univest Bank & Trust Co. PA 4.35 5/12/2028 91527PBY2 0.000 4/14/2025 4/14/2025 5/12/2028 0.00 0.00 916.24 916.24 US Bank | Custodian MM USB3000 0.000 6/2/2025 6/2/2025 N/A 0.00 0.00 5,131.12 5,131.12 US Bank | Custodian MM USB3000 0.000 5/1/2025 5/1/2025 N/A 0.00 0.00 9,517.25 9,517.25 US Bank | Fiscal Agent MM USB4000-6000 0.000 6/30/2025 6/30/2025 N/A 0.00 0.00 74.14 74.14 US Bank | Fiscal Agent MM USB4000-6000 0.000 5/31/2025 5/31/2025 N/A 0.00 0.00 72.12 72.12 US Bank | Fiscal Agent MM USB4000-6000 0.000 4/30/2025 4/30/2025 N/A 0.00 0.00 415.77 415.77 USAlliance Financial FCU NY 4.55 5/26/2028 90352RDB8 0.000 6/26/2025 6/26/2025 5/26/2028 0.00 0.00 958.37 958.37 USAlliance Financial FCU NY 4.55 5/26/2028 90352RDB8 0.000 5/27/2025 5/27/2025 5/26/2028 0.00 0.00 927.45 927.45 USAlliance Financial FCU NY 4.55 5/26/2028 90352RDB8 0.000 4/28/2025 4/28/2025 5/26/2028 0.00 0.00 958.37 958.37 Utah First FCU 5 7/21/2028 91739JAB1 0.000 6/23/2025 6/23/2025 7/21/2028 0.00 0.00 1,040.41 1,040.41 71 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Utah First FCU 5 7/21/2028 91739JAB1 0.000 5/21/2025 5/21/2025 7/21/2028 0.00 0.00 1,006.85 1,006.85 Utah First FCU 5 7/21/2028 91739JAB1 0.000 4/21/2025 4/21/2025 7/21/2028 0.00 0.00 1,040.41 1,040.41 Valley National Bank NJ 4.95 5/29/2026 919853LV1 0.000 5/29/2025 5/29/2025 5/29/2026 0.00 0.00 5,989.36 5,989.36 Valleystar Credit Union VA 5.2 11/8/2028 92023CAJ2 0.000 6/9/2025 6/9/2025 11/8/2028 0.00 0.00 1,090.86 1,090.86 Valleystar Credit Union VA 5.2 11/8/2028 92023CAJ2 0.000 5/8/2025 5/8/2025 11/8/2028 0.00 0.00 1,055.67 1,055.67 Valleystar Credit Union VA 5.2 11/8/2028 92023CAJ2 0.000 4/8/2025 4/8/2025 11/8/2028 0.00 0.00 1,090.86 1,090.86 Vibrant Credit Union IL 0.8 6/30/2026 92559TAJ7 0.000 6/2/2025 6/2/2025 6/30/2026 0.00 0.00 169.18 169.18 Vibrant Credit Union IL 0.8 6/30/2026 92559TAJ7 0.000 5/1/2025 5/1/2025 6/30/2026 0.00 0.00 163.73 163.73 VisionBank MN 4.05 5/12/2028 92834ABT2 0.000 6/12/2025 6/12/2025 5/12/2028 0.00 0.00 853.05 853.05 VisionBank MN 4.05 5/12/2028 92834ABT2 0.000 5/12/2025 5/12/2025 5/12/2028 0.00 0.00 825.53 825.53 VisionBank MN 4.05 5/12/2028 92834ABT2 0.000 4/14/2025 4/14/2025 5/12/2028 0.00 0.00 853.05 853.05 VyStar Credit Union FL 4.55 3/10/2028 92891CCZ3 0.000 6/2/2025 6/2/2025 3/10/2028 0.00 0.00 958.37 958.37 VyStar Credit Union FL 4.55 3/10/2028 92891CCZ3 0.000 5/1/2025 5/1/2025 3/10/2028 0.00 0.00 927.45 927.45 Walmart Inc 3.7 6/26/2028-28 931142EE9 0.000 6/26/2025 6/26/2025 6/26/2028 0.00 0.00 18,500.00 18,500.00 Washington Financial Bank PA 4.5 5/31/2029 93883MBA5 0.000 5/31/2025 5/31/2025 5/31/2029 0.00 0.00 5,474.96 5,474.96 Western State Bank ND 1 5/13/2025 95960NKD8 0.000 5/13/2025 5/13/2025 5/13/2025 0.00 0.00 1,214.93 1,214.93 Workers FCU MA 5.2 10/30/2028 98138MCA6 0.000 6/30/2025 6/30/2025 10/30/2028 0.00 0.00 1,095.28 1,095.28 Workers FCU MA 5.2 10/30/2028 98138MCA6 0.000 5/30/2025 5/30/2025 10/30/2028 0.00 0.00 1,059.95 1,059.95 Workers FCU MA 5.2 10/30/2028 98138MCA6 0.000 4/30/2025 4/30/2025 10/30/2028 0.00 0.00 1,095.28 1,095.28 Sub Total / Average Interest 0.00 0.00 3,664,123.75 3,664,123.75 Matured Ally Bank UT 2.55 4/21/2025 02007GPX5 0.000 4/21/2025 4/21/2025 4/21/2025 245,000.00 245,000.00 0 0.00 245,000.00 California Credit Union CA 5.1 6/30/2025 130162BL3 0.000 6/30/2025 6/30/2025 6/30/2025 244,000.00 244,000.00 0 0.00 244,000.00 CAMP TERM 5.16 6/12/2025 CAMPTERM61225 0.000 6/12/2025 6/12/2025 6/12/2025 30,000,000.00 30,000,000.00 0 0.00 30,000,000.00 Capital One NA f/k/a Capital One USA 1.6 4/8/2025 14042TDD6 0.000 4/8/2025 4/8/2025 4/8/2025 245,000.00 245,000.00 0 0.00 245,000.00 Chippewa Valley Bank WI 0.6 6/24/2025 169894AS1 0.000 6/24/2025 6/24/2025 6/24/2025 248,000.00 248,000.00 0 0.00 248,000.00 Discover Bank 3.1 5/27/2025 254673E69 0.000 5/27/2025 5/27/2025 5/27/2025 245,000.00 245,000.00 0 0.00 245,000.00 FFCB 0.5 6/9/2025 3133ELH23 0.000 6/9/2025 6/9/2025 6/9/2025 500,000.00 500,000.00 0 0.00 500,000.00 FFCB 0.68 6/10/2025-22 3133ELH80 0.000 6/10/2025 6/10/2025 6/10/2025 500,000.00 500,000.00 0 0.00 500,000.00 FHLB 0.5 6/13/2025 3130AJKW8 0.000 6/13/2025 6/13/2025 6/13/2025 500,000.00 500,000.00 0 0.00 500,000.00 FHLB 0.68 6/30/2025-21 3130AJRP6 0.000 6/30/2025 6/30/2025 6/30/2025 300,000.00 300,000.00 0 0.00 300,000.00 72 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total FHLMC 0.625 5/27/2025 3134GVYG7 0.000 5/27/2025 5/27/2025 5/27/2025 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00 First Freedom Bank TN 1.2 4/29/2025 32027BAL1 0.000 4/29/2025 4/29/2025 4/29/2025 249,000.00 249,000.00 0 0.00 249,000.00 First Internet Bank of Indiana 1 5/12/2025 32056GDJ6 0.000 5/12/2025 5/12/2025 5/12/2025 248,000.00 248,000.00 0 0.00 248,000.00 First Nat'l Bank of McGregor 1.35 4/28/2025 32112UDR9 0.000 4/28/2025 4/28/2025 4/28/2025 248,000.00 248,000.00 0 0.00 248,000.00 Flagstar Bank, NA NY 1.25 4/30/2025 33847E3A3 0.000 4/30/2025 4/30/2025 4/30/2025 248,000.00 248,000.00 0 0.00 248,000.00 FNMA 0.625 4/22/2025 3135G03U5 0.000 4/22/2025 4/22/2025 4/22/2025 500,000.00 500,000.00 0 0.00 500,000.00 Leader Bank, NA MA 2.55 4/22/2025 52168UHY1 0.000 4/22/2025 4/22/2025 4/22/2025 245,000.00 245,000.00 0 0.00 245,000.00 Southern First Bank SC 4.7 5/14/2025 84287PJH6 0.000 5/14/2025 5/14/2025 5/14/2025 248,000.00 248,000.00 0 0.00 248,000.00 Western State Bank ND 1 5/13/2025 95960NKD8 0.000 5/13/2025 5/13/2025 5/13/2025 245,000.00 245,000.00 0 0.00 245,000.00 Sub Total / Average Matured 36,258,000.00 36,258,000.00 0.00 36,258,000.00 73 Month Market Value Book Value Unrealized Gain/Loss YTM @ Cost YTM @ Market Duration Days To Maturity 7/31/2024 272,353,239.78 274,595,507.76 -2,242,267.98 3.92 4.68 1.41 547 8/31/2024 272,309,681.39 273,424,532.39 -1,114,851.00 3.79 4.37 1.44 557 9/30/2024 255,868,998.59 256,158,037.36 -289,038.77 3.76 4.22 1.58 611 10/31/2024 257,877,279.24 259,715,034.89 -1,837,755.65 3.62 4.27 1.59 617 11/30/2024 254,281,582.80 256,075,207.69 -1,793,624.89 3.75 4.39 1.58 611 12/31/2024 253,774,624.10 255,822,601.46 -2,047,977.36 3.61 4.26 1.60 620 1/31/2025 267,767,859.32 269,717,974.20 -1,950,114.88 3.75 4.36 1.51 586 2/28/2025 271,655,012.62 272,806,306.29 -1,151,293.67 3.76 4.25 1.47 572 3/31/2025 275,779,663.02 276,507,955.04 -728,292.02 3.66 4.10 1.48 575 4/30/2025 277,380,575.68 277,339,792.50 40,783.18 3.77 4.10 1.49 582 5/31/2025 280,060,147.77 280,757,904.57 -697,756.80 3.76 4.18 1.49 581 6/30/2025 301,461,949.02 301,406,768.70 55,180.32 3.76 4.05 1.41 550 Total / Average 270,047,551.11 271,193,968.57 -1,146,417.46 3.74 4.27 1.50 583 Market Value / Book Value Comparison Begin Date: 7/31/2024, End Date: 6/30/2025All Portfolios Portfolio Summary by Month City of La Quinta | CA 74 Month Beginning BV + Accrued Interest Interest Earned During Period-BV Realized Gain/Loss-BV Investment Income-BV Average Capital Base-BV TRR-BV Annualized TRR-BV Treasury 1 Year 7/31/2024 280,557,939.79 909,886.75 0.00 909,886.75 280,312,356.33 0.32 3.97 4.90 8/31/2024 275,604,902.66 867,757.47 0.00 867,757.47 280,049,122.30 0.31 3.78 4.43 9/30/2024 274,598,699.24 815,528.68 0.00 815,528.68 258,086,795.46 0.32 3.86 4.03 10/31/2024 257,499,849.86 812,096.23 632.31 812,728.54 258,931,204.90 0.31 3.83 4.20 11/30/2024 261,182,138.91 660,073.97 0.00 660,073.97 259,385,704.15 0.25 3.10 4.34 12/31/2024 257,765,796.29 909,988.50 0.00 909,988.50 255,525,269.72 0.36 4.36 4.23 1/31/2025 257,764,605.76 809,155.44 0.00 809,155.44 256,445,091.75 0.32 3.85 4.18 2/28/2025 271,891,669.36 774,343.74 0.00 774,343.74 270,477,396.64 0.29 3.49 4.20 3/31/2025 275,093,078.22 885,527.35 520.23 886,047.58 277,013,375.94 0.32 3.91 4.06 4/30/2025 278,616,822.36 845,212.70 1,014.04 846,226.74 279,414,568.58 0.30 3.70 3.95 5/31/2025 279,516,839.23 876,727.11 5,680.00 882,407.11 280,086,218.94 0.32 3.85 4.08 6/30/2025 283,148,352.10 910,946.04 0.00 910,946.04 288,553,883.87 0.32 3.85 4.06 Total/Average 280,557,939.79 10,077,243.98 7,846.58 10,085,090.56 268,283,004.72 3.76 3.76 4.22 Begin Date: 7/31/2024, End Date: 6/30/2025All Portfolios Total Rate of Return - Book Value by Month City of La Quinta | CA 75 Asset Category Allocation Asset Category Market Value 3/31/2025 % of Portfolio 3/31/2025 Market Value 6/30/2025 % of Portfolio 6/30/2025 Certificate of Deposits | 30 %38,535,224.29 13.97 36,920,592.78 12.25 Checking | Savings | Sweep Accounts 1,452,957.88 0.53 1,542,859.95 0.51 Corporate Notes | 30 %2,487,795.00 0.90 2,505,100.00 0.83 Investment Pools 80,681,777.46 29.26 106,808,567.34 35.43 Money Market Mutual Funds | 20 %24,631,366.77 8.93 16,962,463.23 5.63 Trusts Not Subject to Policy 8,040,160.62 2.92 8,390,123.72 2.78 US Agency | 100 %62,692,851.00 22.73 64,693,952.00 21.46 US Treasury | 100 %57,257,530.00 20.76 63,638,290.00 21.11 Total / Average 275,779,663.02 100.00 301,461,949.02 100.00 Portfolio Holdings as of 3/31/2025 Portfolio Holdings as of 6/30/2025 Begin Date: 3/31/2025, End Date: 6/30/2025All Portfolios Distribution by Asset Category - Market Value City of La Quinta | CA 76 Maturity Range Allocation Maturity Range Market Value 3/31/2025 % of Portfolio 3/31/2025 Market Value 6/30/2025 % of Portfolio 6/30/2025 0-1 Month 86,782,577.87 31.47 135,697,604.01 45.01 1-3 Months 33,713,075.28 12.22 3,971,283.19 1.32 3-6 Months 6,456,379.99 2.34 6,309,154.92 2.09 6-9 Months 6,258,993.43 2.27 6,374,270.10 2.11 9-12 Months 7,788,241.82 2.82 8,817,737.90 2.92 1-2 Years 31,685,288.20 11.49 30,698,606.98 10.18 2-3 Years 34,973,791.64 12.68 36,641,234.32 12.15 3-4 Years 30,745,066.98 11.15 30,624,898.43 10.16 4-5 Years 37,376,247.81 13.55 42,327,159.17 14.04 Total / Average 275,779,663.02 100.00 301,461,949.02 100.00 Portfolio Holdings Begin Date: 3/31/2025, End Date: 6/30/2025All Portfolios Distribution by Maturity Range - Market Value City of La Quinta | CA 77 Portfolio Name Allocation Portfolio Name Market Value 3/31/2025 % of Portfolio 3/31/2025 Market Value 6/30/2025 % of Portfolio 6/30/2025 CAMP 57,897,834.97 20.99 64,742,745.28 21.48 CERBT OPEB Trust 2,105,421.11 0.76 2,217,819.48 0.74 Fiscal Agent - Debt Service 22,688.08 0.01 23,250.11 0.01 Fixed Income Investments 160,973,400.29 58.37 167,757,934.78 55.65 Housing Authority - LQPR 221,760.61 0.08 236,374.41 0.08 Housing Authority - DPME 1,227,897.27 0.45 1,303,185.54 0.43 Housing Authority - LAIF 2,204,836.47 0.80 2,229,911.10 0.74 LAIF 20,579,106.02 7.46 39,835,910.96 13.21 Money Market at Custodian 4,606,657.66 1.67 1,943,691.19 0.64 Operating Funds 20,005,321.03 7.25 14,998,821.93 4.98 PARS Pension Trust 5,934,739.51 2.15 6,172,304.24 2.05 Total / Average 275,779,663.02 100.00 301,461,949.02 100.00 Portfolio Holdings as of 3/31/2025 Portfolio Holdings as of 6/30/2025 Begin Date: 3/31/2025, End Date: 6/30/2025All Portfolios Distribution by Portfolio Name - Market Value City of La Quinta | CA 78 US Treasury Rates https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2025 1.50 1.75 2.00 2.25 2.50 2.75 3.00 3.25 3.50 3.75 4.00 4.25 4.50 4.75 5.00 5.25 5.50 TREASURY RATES AND PORTFOLIO RETURNS 1-Yr Treasury 5-Yr Treasury Annualized Total Rate of Return City Portfolio YTM 79 80 City of La Quinta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING STAFF REPORT TO: Members of the Financial Advisory Commission FROM: Claudia Martinez, Finance Director DATE: September 11, 2025 SUBJECT: FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES In addition to items presented as staff reports, the Finance Department would like to provide updates on the following matters. AUDIT & FINANCIAL REPORTING Citywide Comprehensive Audit for fiscal year 2024/25 is scheduled to take place from September 15 through October 2, 2025 o Year-end entries and audit preparation are well underway Annual Street and Road Improvement Audit for fiscal year 2024/25, to be filed with the State Controller’s Office, will take place in November Annual Measure A Local Streets and Roads Audit for fiscal year 2024/25, to be filed with the Riverside County Transportation Commission, will take place in November COMMITTEE UPDATES Financial Projections Task Force (Commissioners Anderson and Dorsey). The Fiscal Year 2025/26 budget is currently being updated in the TrueComp (GovInvest) Financial Forecasting software, with related meetings to be scheduled. Financial Statement and Audit training – staff is currently researching options with the new auditing firm. CITY UPDATES Hwy 111 Corridor Specific Plan – prior Council and Planning Commission joint meeting held on: o September 26, 2023, upcoming meeting scheduled for November. DEPARTMENTAL REPORT ITEM NO. 1 81 o To date, expenditures related to the project are detailed in the Project Activity Report (Attachment 1), in the amount of $1,228,581.80. Revenue allocations of Measure G do not yet include the most recent quarter entry. The City is currently exploring the following: o Feasibility of undergrounding utilities in various areas of the City; prior City Council study sessions held on: September 19, 2023 and December 19, 2023. o Imperial Irrigation District (IID) power distribution substations in La Quinta, cost-share options for upgrades; prior Council study sessions held on January 16, 2024. City Manager’s Office is in negotiations with IID and all impacted stakeholders to find an equitable solution. Agreement with IID would be required before equipment can be ordered; pending design approval from IID, and final estimated costs before the City’s potential cost- sharing is defined, which would be presented to Council for approval. o Council business session held on: March 18, 2025 – Approval of the proposed Coachella Valley Power Agency (CVPA) Joint Powers Agreement (JPA) to establish an independent public agency for Riverside County and the Coachella Valley to give stakeholders the authority they have sought to address electrical infrastructure needs and services. Staff encourages Commission members to view the meetings as time permits. Tropical Storm Hilary – Federal Disaster Assistance. o The City is currently working with FEMA on the reimbursement process for a total of 9 projects: Citywide Debris Removal Citywide Storm Preparation and Road Closures Pioneer Park- shade structure Adams Park- retention basin X Park- retention basin Eisenhower retention basin SilverRock Park- retention basin & slope repair SilverRock Park – lake vault SilverRock Way and Avenue 62- sinkholes It is important to note the items mentioned in this update are in addition to the daily functions of the Finance Department, which include, but are not limited to, staff report writing/review, payroll, accounts payable, accounts receivable, revenue processing, journal entries, capital accounting, project accounting, purchasing, investing, cash/treasury management, bank reconciliations, budgeting, research and analysis, staff training and development, and general financial support for all City departments. Attachment: 1. Project Activity Report 82 Page 1 of 68/25/2025 12:55:59 PM Project Activity Report City of La Quinta By Project Number Report Dates: 07/01/2019 - 08/25/2025 201905 Highway 111 Corridor Area Plan ImplementaƟ Fund 401 Construction in Process St Improvements Active Project Number Project Name Group Type Status Revenues Account NameAccount Key Category Total Activity -1,146,449.58201905MGMeasure G Funding Measure G - Measure G Funding ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number -1,980.00MG 201905 HWY 111 CORRIDOR PLANTransfers In 03/31/2020401-0000-49500 -5,006.25MG 201905 HIGHWAY 111 CORRIDOR AREA PLANTransfers In 06/30/2020401-0000-49500 -6,986.25FY 19/20 Total: -11,715.00MG 201905 HIGHWAY 111 CORRIDOR AREA PLANTransfers In 09/30/2020401-0000-49500 -41,035.00MG 201905 HIGHWAY 111 CORRIDOR AREA PLANTransfers In 12/31/2020401-0000-49500 -7,955.00MG 201905 HIGHWAY 111 CORRIDOR AREA PLANTransfers In 03/31/2021401-0000-49500 -230,049.59MG HIGHWAY 111 CORRIDOR AREA PLANTransfers In 06/30/2021401-0000-49500 -290,754.59FY 20/21 Total: -2,995.00MG 201905 HIGHWAY 111 CORRIDOR PLANTransfers In 09/30/2021401-0000-49500 -30,468.25MG 201905 HWY CORRIDOR AREA PLANTransfers In 12/31/2021401-0000-49500 -3,020.00MG 201905 HWY CORRIDOR AREA PLANTransfers In 03/31/2022401-0000-49500 -130,479.46MG 201905 HWY CORRIDOR AREA PLANTransfers In 06/30/2022401-0000-49500 -166,962.71FY 21/22 Total: -14,775.00MG 201905 HWY CORRIDOR AREA PLANTransfers In 09/30/2022401-0000-49500 -4,537.50MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 12/31/2022401-0000-49500 -145,350.50MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 03/31/2023401-0000-49500 -120,554.00MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 06/30/2023401-0000-49500 -285,217.00FY 22/23 Total: -49,950.15MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 09/30/2023401-0000-49500 -1,662.50MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 12/31/2023401-0000-49500 -58,634.71MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 03/31/2024401-0000-49500 -237,691.79CORR SB1 FUNDING FOR 201905 PROJECTTransfers In 06/30/2024401-0000-49500 -347,939.15FY 23/24 Total: 73,042.37CORR MG 201905/202225 HIGHWAY 111 CORRIDOR ATransfers In 09/30/2024401-0000-49500 -25,166.00MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 12/31/2024401-0000-49500 -96,466.25MG 201905 HIGHWAY 111 CORRIDOR AREATransfers In 03/31/2025401-0000-49500 -48,589.88FY 24/25 Total: 0.00201905SB1SB1 Maintenance Funding SB1 Maint Fund - SB1 Maintenance Funding ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number ATTACHMENT 1 83 Report Dates: 07/01/2019 - 08/25/2025Project Activity Report Page 2 of 68/25/2025 12:55:59 PM ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number 237,691.79CORR SB1 FUNDING FOR 201905 PROJECTTransfers In 06/30/2024401-0000-49500 -102,565.49SB1 201905 HIGHWAY 111 CORRIDOR AREATransfers In 06/30/2024401-0000-49500 -57,573.80SB1 201905 HIGHWAY 111 CORRIDOR AREATransfers In 06/30/2024401-0000-49500 -77,552.50SB1 201905/202223 HIGHWAY 111 CORRIDOR AREATransfers In 06/30/2024401-0000-49500 0.00FY 23/24 Total: Total Revenues: -1,146,449.58 Expenses Account NameAccount Key Category Total Activity 1,139,780.55201905DDesign Expense Design - Design Expense ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number 8,290.002019-05 HWY 111 CORRIDOR PROJECT (PLAN&ENG)Design 12/18/2020401-0000-60185 151505GHD INC. 25,600.002019-05 HWY 111 CORRIDOR PROJECT (PLAN&ENG)Design 12/18/2020401-0000-60185 153361GHD INC. 78,461.2502/2021 - HWY 111 PLANNING/ ENGINEERING SVCSDesign04/16/2021401-0000-60185 158460GHD INC. 32,923.7512/2020 - HWY 111 PLANNING/ ENGINEERING SVCSDesign04/16/2021401-0000-60185 155454GHD INC. 75,409.8404/2021 - HWY 111 PLANNING/ENGINEERING SVCSDesign06/11/2021401-0000-60185 161990GHD INC. 34,827.2505/2021 - HWY 111 PLANNING/ENGINEERING SVCSDesign06/25/2021401-0000-60185 163575GHD INC. 255,512.09FY 20/21 Total: 19,315.7506/2021 - HWY 111 PLANNING/ENGINEERING SVCSDesign10/08/2021401-0000-60185 165668GHD INC. 8,620.0007/2021 - HWY 111 PLANNING/ENGINEERING SVCSDesign10/29/2021401-0000-60185 380-0000621GHD INC. 207.4303/24/22 - HWY 111 SITE TOUR LUNCHDesign04/22/2022401-0000-60185 MAR'226925BMBANK OF THE WEST (PLEASE SEE 460.0003/24/22 - HWY 111 SITE TOUR TRANSPORTATIONDesign04/22/2022401-0000-60185 MAR'226925BMBANK OF THE WEST (PLEASE SEE 41,235.8303/2022 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign06/30/2022401-0000-60185 380-0012735GHD INC. 84,123.7006/2022 HWY 111 CORRIDOR PLANNING/ENGINERRIDesign06/30/2022401-0000-60185 380-0016011GHD INC. 153,962.71FY 21/22 Total: 12,962.5007/2022 - HWY 111 CORRIDOR PLANNING/ENGINERRIDesign09/02/2022401-0000-60185 380-0017688GHD INC. 49,617.5009/2022 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign03/03/2023401-0000-60185 380-0020901GHD INC. 51,571.2510/2022 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign03/03/2023401-0000-60185 380-0023845GHD INC. 18,251.2511/2022 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign03/03/2023401-0000-60185 380-0024095GHD INC. 9,171.2512/2022 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign03/03/2023401-0000-60185 380-0025445GHD INC. 12,726.7501/2023 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign03/17/2023401-0000-60185 380-0027217GHD INC. 18,667.5802/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERIDesign06/30/2023401-0000-60185 380-0028778GHD INC. 9,366.2503/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERIDesign06/30/2023401-0000-60185 380-0030405GHD INC. 22,207.5104/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERIDesign06/30/2023401-0000-60185 380-0031910GHD INC. 22,721.9505/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERIDesign06/30/2023401-0000-60185 380-0033492GHD INC. 42,803.2106/2023 - HWY 111 CORRIDOR PLANNING/ENGINERRIDesign06/30/2023401-0000-60185 380-0035378GHD INC. 270,067.00FY 22/23 Total: 49,312.6507/2023 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign09/08/2023401-0000-60185 380-0036834GHD INC. 54,534.7110/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERIDesign01/26/2024401-0000-60185 380-0041445GHD INC. 32,062.3601/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign05/24/2024401-0000-60185 380-0047294GHD INC. 84 Report Dates: 07/01/2019 - 08/25/2025Project Activity Report Page 3 of 68/25/2025 12:55:59 PM ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number 53,767.9303/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign05/24/2024401-0000-60185 380-0048891GHD INC. 13,082.7004/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign06/30/2024401-0000-60185 380-0051494GHD INC. 877.5005/01-06/30/24 - ONCALL PLANNING SERVICESDesign06/30/2024401-0000-60185 TN1198158TERRA NOVA PLANNING & RESE 20,296.30ACCRUE 05/2024 HWY 111 CORRIDOR PLANNINGDesign06/30/2024401-0000-60185 37,277.50ACCRUE 06/2024 HWY 111 CORRIDOR PLANNINGDesign06/30/2024401-0000-60185 261,211.65FY 23/24 Total: 20,296.3005/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign09/20/2024401-0000-60185 380-0054142REVGHD INC. 37,277.5006/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign09/20/2024401-0000-60185 380-0054348GHD INC. 3,540.13HWY 111 CONSTRUCTION SIGNAGEDesign09/20/2024401-0000-60185 98554BEST SIGNS INC -20,296.30ACCRUE 05/2024 HWY 111 CORRIDOR PLANNINGDesign09/30/2024401-0000-60185 -37,277.50ACCRUE 06/2024 HWY 111 CORRIDOR PLANNINGDesign09/30/2024401-0000-60185 22,993.5008/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign11/08/2024401-0000-60185 380-0057493GHD INC. 9,563.7509/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign02/07/2025401-0000-60185 380-0063398GHD INC. 83,940.0012/2024 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign02/07/2025401-0000-60185 380-0063431GHD INC. 78,989.7204/2025 HWY 111 CORRIDOR PLANNING/ENGINEERINDesign06/30/2025401-0000-60185 380-0072463GHD INC. 199,027.10FY 24/25 Total: 88,801.25201905PProfessional Expense Professional - Professional Expense ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number 1,980.0002/2020 HIGHWAY 111 CORRIDORProfessional Services 03/20/2020401-0000-60103 8 JOB 2019-08NAI CONSULTING INC 825.0003/2020 HIGHWAY 111 CORRIDORProfessional Services 04/24/2020401-0000-60103 9 JOB 2019-08NAI CONSULTING INC 330.0005/2020 HIGHWAY 111 CORRIDORProfessional Services 06/12/2020401-0000-60103 11 JOB 2019-08NAI CONSULTING INC 3,851.2506/2020 HIGHWAY 111 CORRIDORProfessional Services 06/30/2020401-0000-60103 12 JOB 2019-08NAI CONSULTING INC 6,986.25FY 19/20 Total: 9,240.0007/2020 HIGHWAY 111 CORRIDORProfessional Services 09/04/2020401-0000-60103 13 JOB 2019-08NAI CONSULTING INC 2,475.0008/2020 HIGHWAY 111 CORRIDORProfessional Services 09/25/2020401-0000-60103 14 JOB 2019-08NAI CONSULTING INC 2,182.5009/2020 HIGHWAY 111 CORRIDORProfessional Services 10/09/2020401-0000-60103 15 JOB 2019-08NAI CONSULTING INC 4,962.5010/2020 HIGHWAY 111 CORRIDORProfessional Services 12/04/2020401-0000-60103 16 JOB 2019-08NAI CONSULTING INC 2,657.50HIGHWAY 111 CORRIDORProfessional Services 01/15/2021401-0000-60103 17 JOB 2019-08NAI CONSULTING INC 720.00HIGHWAY 111 CORRIDORProfessional Services 01/22/2021401-0000-60103 18 JOB 2019-08NAI CONSULTING INC 980.00HIGHWAY 111 CORRIDORProfessional Services 03/05/2021401-0000-60103 19 JOB 2019-08NAI CONSULTING INC 3,597.50HIGHWAY 111 CORRIDORProfessional Services 03/19/2021401-0000-60103 2019-08.20NAI CONSULTING INC 2,072.50HIGHWAY 111 CORRIDORProfessional Services 04/23/2021401-0000-60103 2019-08.21NAI CONSULTING INC 1,657.50HIGHWAY 111 CORRIDORProfessional Services 05/28/2021401-0000-60103 2019-08.22NAI CONSULTING INC 1,850.00HIGHWAY 111 CORRIDORProfessional Services 06/18/2021401-0000-60103 2019-08.23NAI CONSULTING INC 2,847.50HIGHWAY 111 CORRIDORProfessional Services 06/30/2021401-0000-60103 2019-08.24NAI CONSULTING INC 35,242.50FY 20/21 Total: 630.0007/2021 HIGHWAY 111 CORRIDORProfessional Services 09/17/2021401-0000-60103 2019-08.25NAI CONSULTING INC 2,365.0008/2021 HIGHWAY 111 CORRIDORProfessional Services 09/17/2021401-0000-60103 2019-08.26NAI CONSULTING INC 790.0009/2021 HIGHWAY 111 CORRIDORProfessional Services 11/05/2021401-0000-60103 2019-08.27NAI CONSULTING INC 1,742.5010/2021 HIGHWAY 111 CORRIDORProfessional Services 12/03/2021401-0000-60103 2019-08.28NAI CONSULTING INC 85 Report Dates: 07/01/2019 - 08/25/2025Project Activity Report Page 4 of 68/25/2025 12:55:59 PM ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number 620.0011/2021 - HIGHWAY 111 CORRIDORProfessional Services 01/14/2022401-0000-60103 2019-08.29NAI CONSULTING INC 930.0012/2021 HIGHWAY 111 CORRIDORProfessional Services 01/14/2022401-0000-60103 2019-08.30NAI CONSULTING INC 192.5001/2022 HIGHWAY 111 CORRIDORProfessional Services 02/25/2022401-0000-60103 2019-08.31NAI CONSULTING INC 1,277.5002/2022 HIGHWAY 111 CORRIDORProfessional Services 03/18/2022401-0000-60103 2019-08.32NAI CONSULTING INC 1,860.0003/2022 - HIGHWAY 111 CORRIDORProfessional Services 04/15/2022401-0000-60103 2019-08.33NAI CONSULTING INC 967.5005/2022 HIGHWAY 111 CORRIDORProfessional Services 06/30/2022401-0000-60103 2019-08.35NAI CONSULTING INC 1,625.0006/2022 HIGHWAY 111 CORRIDORProfessional Services 06/30/2022401-0000-60103 2019-08.36NAI CONSULTING INC 13,000.00FY 21/22 Total: 1,812.5007/2022 2019-05 HIGHWAY 111 CORRIDORProfessional Services 08/26/2022401-0000-60103 2019-08.37NAI CONSULTING INC 1,700.0008/2022 HIGHWAY 111 CORRIDORProfessional Services 10/07/2022401-0000-60103 2019-08.38NAI CONSULTING INC 1,962.5009/2022 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 10/28/2022401-0000-60103 2019.08.39NAI CONSULTING INC 875.0012/2022 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 12/16/2022401-0000-60103 2019-08.41NAI CONSULTING INC 3,312.5012/2022 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 02/03/2023401-0000-60103 2019-08.42NAI CONSULTING INC 700.0001/2023 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 02/24/2023401-0000-60103 2019-08.43NAI CONSULTING INC 725.0003/2023 HIGHWAY 111 CORRIDORProfessional Services 05/05/2023401-0000-60103 2019-08.44NAI CONSULTING INC 2,137.5003/2023 HIGHWAY 111 CORRIDORProfessional Services 05/05/2023401-0000-60103 2019-08.45NAI CONSULTING INC 1,250.0005/2023 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 06/23/2023401-0000-60103 2019-08.47NAI CONSULTING INC 675.0006/2023 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 06/30/2023401-0000-60103 2019-08.48NAI CONSULTING INC 15,150.00FY 22/23 Total: 637.5007/2023 HIGHWAY 111 CORRIDORProfessional Services 08/25/2023401-0000-60103 2019-08.49NAI CONSULTING INC 437.5008/2023 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 10/13/2023401-0000-60103 2019-08.50NAI CONSULTING INC 700.0009/2023 HIGHWAY 111 CORRIDORProfessional Services 10/27/2023401-0000-60103 2019-08.51NAI CONSULTING INC 525.0010/2023 - 2019-05 HIGHWAY 111 CORRIDORProfessional Services 11/17/2023401-0000-60103 2019-08.52NAI CONSULTING INC 887.5011/2023 HIGHWAY 111 CORRIDORProfessional Services 01/19/2024401-0000-60103 2019-08.53NAI CONSULTING INC 875.0012/2023 HIGHWAY 111 CORRIDORProfessional Services 01/19/2024401-0000-60103 2019-08.54NAI CONSULTING INC 2,337.5001/2024 HIGHWAY 111 CORRIDORProfessional Services 02/23/2024401-0000-60103 2019-08.55NAI CONSULTING INC 500.0003/2024 HIGHWAY 111 CORRIDORProfessional Services 04/26/2024401-0000-60103 2019-08.57NAI CONSULTING INC 750.0004/2024 HIGHWAY 111 CORRIDORProfessional Services 05/31/2024401-0000-60103 2019-08.58NAI CONSULTING INC 537.5005/2024 HIGHWAY 111 CORRIDORProfessional Services 06/30/2024401-0000-60103 2019-08.59NAI CONSULTING INC 987.5006/2024 HIGHWAY 111 CORRIDORProfessional Services 06/30/2024401-0000-60103 2019-08.60NAI CONSULTING INC 9,175.00FY 23/24 Total: 970.0007/2024 - HIGHWAY 111 CORRIDORProfessional Services 09/06/2024401-0000-60103 2024-03.01NAI CONSULTING INC 475.0008/2024 - HIGHWAY 111 CORRIDORProfessional Services 10/04/2024401-0000-60103 2024-03.02R1NAI CONSULTING INC 1,407.5009/2024 HIGHWAY 111 CORRIDORProfessional Services 11/08/2024401-0000-60103 2024-03.03NAI CONSULTING INC 47.5010/2024 HIGHWAY 111 CORRIDORProfessional Services 12/06/2024401-0000-60103 2024-03.04NAI CONSULTING INC 242.5011/2024 HIGHWAY 111 CORRIDORProfessional Services 12/27/2024401-0000-60103 2024-03.05NAI CONSULTING INC 195.0012/2024 - PROFESSIONAL ENGINEERING SERVICESProfessional Services 02/07/2025401-0000-60103 2024-03.06NAI CONSULTING INC 1,260.0001/2025 HIGHWAY 111 CORRIDORProfessional Services 02/28/2025401-0000-60103 2024-03.07NAI CONSULTING INC 1,507.5002/2025 HIGHWAY 111 CORRIDORProfessional Services 03/21/2025401-0000-60103 2024-03.08NAI CONSULTING INC 1,602.5003/2025 - HIGHWAY 111 CORRIDORProfessional Services 05/02/2025401-0000-60103 2024-03.09NAI CONSULTING INC 86 Report Dates: 07/01/2019 - 08/25/2025Project Activity Report Page 5 of 68/25/2025 12:55:59 PM ActivityDescriptionPost DateGL Account Number GL Account Name Vendor Name Item Number 780.0004/2025 HIGHWAY 111 CORRIDORProfessional Services 05/16/2025401-0000-60103 2024-03.10NAI CONSULTING INC 427.5005/2025 HIGHWAY 111 CORRIDORProfessional Services 06/13/2025401-0000-60103 2024-03.11NAI CONSULTING INC 332.5006/2025 HIGHWAY 111 CORRIDORProfessional Services 06/30/2025401-0000-60103 2024-03.12NAI CONSULTING INC 9,247.50FY 24/25 Total: Total Expenses: 1,228,581.80 82,132.22201905 Total: 87 Report Dates: 07/01/2019 - 08/25/2025Project Activity Report Page 6 of 68/25/2025 12:55:59 PM Summary Project NameProject Number Project Summary Total Revenue Total Expense Revenue Over/ (Under) Expenses Highway 111 Corridor Area Plan Implementation2019051,146,449.58 1,228,581.80 -82,132.22 Project Totals:1,146,449.58 1,228,581.80 -82,132.22 Group Summary Group Total Revenue Total Expense Revenue Over/ (Under) Expenses Fund 401 Construction in Process 1,146,449.58 1,228,581.80 -82,132.22 Group Totals:1,146,449.58 1,228,581.80 -82,132.22 Type Summary Type Total Revenue Total Expense Revenue Over/ (Under) Expenses St Improvements 1,146,449.58 1,228,581.80 -82,132.22 Type Totals:1,146,449.58 1,228,581.80 -82,132.22 88 City of La Quinta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING STAFF REPORT TO: Members of the Financial Advisory Commission FROM: Rosemary Hallick, Principal Management Analyst DATE: September 11, 2025 SUBJECT: FIRST QUARTER 2025 (JANUARY - MARCH) SALES TAX UPDATE The attached report was prepared by consultants, HdL Companies (HdL), as an update of sales tax receipts for first quarter sales from January to March 2025. La Quinta’s overall adjusted sales tax receipts for major industry groups increased 3.3% as compared to the same period in the prior year. As a comparison, Riverside County was up 0.8% and the state was up 0.3%. The increase was spread between various categories such as general consumer goods, restaurants & hotels, and the county pool. Details may be found in the attached quarterly Sales Tax Update newsletter prepared by HdL. The City’s sales-per-capita remain higher than both the county and state averages. General consumer goods (such as department stores) made up 32% of sales tax revenue and 39% of Measure G revenue. Autos and transportation made up 8% of sales tax revenue and 13% of Measure G revenue. The City continues to benefit from online purchasing in the form of the County pool share, which was 15% of our sales tax revenue. DEPARTMENTAL REPORT ITEM NO. 2 89 90 The City continuously monitors local development, economic conditions, impacts on travel and trade, and legislative and judicial news for any potential changes to sales tax collections. Fiscal year-to-date sales tax collections are shown in the chart below. Combined, the City has received $27.9 million in sales and transactions taxes for fiscal year 2024/25, as compared to $27.6 in fiscal 2023/24, up about 0.84%. Attachment 1: HdL Q1 2025 Sales Tax Update Quarter Payment Bradley Burns 33060 Measure G 520 MG % of BB % change from LY 3 July 2024 Advance 852,312$ 1,103,397$ 129.46% 1.59% 3 August 2024 Advance 695,793$ 938,573$ 134.89% -3.39% 3 September 2024 -3rd Qtr Payment 549,986$ 972,015$ 176.73% -23.99% 3 Total 2024 2,098,091$ 3,013,985$ 143.65% -9.03% 4 October 2024 Advance 1,199,620$ 1,452,573$ 121.09% 8.63% 4 November 2024 Advance 972,725$ 1,227,920$ 126.24% -0.29% 4 December 2024 - 4th Qtr Payment 1,305,532$ 1,673,290$ 128.17% 0.94% 4 Total 2024 2,172,345$ 2,680,493$ 123.39% 3.06% 1 January 2025 Advance 1,214,437$ 1,496,785$ 123.25% -0.88% 1 February 2025 Advance 1,027,820$ 1,243,267$ 120.96% -9.54% 1 March 2025 - 1st Qtr Payment 1,338,934$ 1,595,277$ 119.15% 13.10% 1 Total 2025 3,581,190$ 4,335,328$ 121.06% 0.97% 2 April 2025 Advance 1,131,375$ 1,378,468$ 121.84% 8.65% 2 May 2025 Advance 1,073,897$ 1,354,024$ 126.09% 3.75% 2 June 2025 - 2nd Qtr Payment 873,799$ 1,202,630$ 137.63% 7.44% 2 Total 2025 3,079,070$ 3,935,121$ 127.80% 6.55% Totals 12,236,228$ 15,638,218$ 127.80% 0.84% Last Year 12,170,477$ 15,471,183$ Variance 65,751$ 167,035$ Total 2024/25 Budget 12,000,000$ 15,500,000$ 91 www.hdlcompanies.com | 888.861.0220 Q1 2024* Q1 2025* Legend $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 SALES TAX BY MAJOR BUSINESS GROUP*Allocation aberrations have been adjusted to reflect sales activity General Consumer Goods Restaurants and Hotels County and State Pools Building and Construction Autos and Transportation Food and Drugs Fuel and Service Stations Business and Industry TOP 25 PRODUCERSCITY OF LA QUINTA HIGHLIGHTS Published by HdL Companies in Summer 2025 Arnold Palmers Restaurant Best Buy Circle K Cliffhouse Costco Floor & Decor Genesis/Hyundai of La Quinta Home Depot In N Out Burger Kohls La Quinta Chevrolet & Cadillac La Quinta Resort & Club Lavender Bistro Lowes Marshalls Mor Furniture for Less Pga Tour Superstore PGA West Private PGA WEST Private Clubhouse & Golf Courses Stuft Pizza Bar & Grill Target TJ Maxx Torre Nissan Walmart Supercenter WDC Kitchen & Bath La Quinta SALES TAX UPDATE CITY OF LA QUINTA 1Q 2025 (JANUARY - MARCH) La Quinta’s receipts from January through March were 2.5% above the first - period in 2024. Excluding reporting aberrations, actual sales were up 3.3%. Revenue from restaurants-hotels received a bump from special events held in the City in the first quarter of 2025. New business additionally helped to increase revenue from the general consumer goods sector. Food-drug stores reported mixed results as private-label brands are more popular as inflation persists, and consumers seek more affordable options. Motor vehicle fuel consumptions declined overall while oil barrel and pump prices were down significantly, reducing totals from fuel-service stations. A large, one-time use tax payment in the year-ago period skewed results from the business-industry category. The City’s share of the countywide use tax pool increased 9.3% compared to the same period in the prior year. Measure G, the City’s voter-approved transactions and use tax, brought in an additional $4,288,313 in revenue. Net of aberrations, taxable sales for Riverside County grew 0.8% over the comparable period; the Southern California region was flat. TOTAL: 0.5% $4,298,583 Measure G TOTAL:$ 3,566,940 3.3% 0.8% 0.3% COUNTY STATE LA QUINTA 1Q2025 ATTACHMENT 1 92 TOP NON-CONFIDENTIAL BUSINESS TYPES Q1 '25*La QuintaBusiness Type Change Change Change County HdL State 1.3%3.0%-5.3% 311.2 Casual Dining -5.3%-5.0%2.3% 219.7 Leisure/Entertainment -0.6%-3.4%11.9% 131.9 Electronics/Appliance Stores -0.9%0.6%3.3% 104.9 Quick-Service Restaurants -6.7%1.2%8.0% 103.8 Fine Dining -5.8%-4.8%-9.0% 102.3 Service Stations -0.8%-0.9%2.0% 91.2 Grocery Stores -3.2%-3.5%-7.8% 86.8 Family Apparel -0.6%1.0%2.8% 81.0 Specialty Stores 0.6%-1.9%117.7% 78.6 Home Furnishings *Allocation aberrations have been adjusted to reflect sales activity *In thousands of dollars REVENUE BY BUSINESS GROUP La Quinta This Quarter* 15% Pools 28% Restaurants 8% Autos/Trans. 9% Building 32% Cons.Goods 8% Others *ADJUSTED FORECONOMIC DATA SALES TAX UPDATECITY OF LA QUINTA1Q 2025 STATEWIDE RESULTS California’s local one-cent sales and use tax receipts for January through March 2025 increased by 0.34% compared to the same quarter in 2024, after adjusting for accounting anomalies. While this modest growth may signal the end of an eight- quarter decline, it could be temporary, as the broader economy remains on the edge between recovery and further slowdown. The first quarter is traditionally the lowest sales tax-generating period of the year, often influenced by seasonal weather and post-holiday consumer behavior. Notably, the autos-transportation and building-construction sectors—both of which had been dragging down statewide results over the past two years—showed the strongest rebounds this quarter. In the autos sector, used car sales and leasing activity led the recovery. Consumers are increasingly opting for more affordable vehicles and shorter-term commitments, moving away from high-end purchases. In construction, pent-up demand for repairs and improvements, especially in weather- affected and wildfire-damaged areas like Southern California, drove strong sales for building material suppliers. Other segments generating modest growth included business-industry and countywide use tax pools, largely due to continued strength in online sales. Sales of goods already in California before purchase are reported under business-industry fulfillment centers. Goods shipped from outside the state are reported under county pools, based on the destination of the out- of-state shipment. Online shopping remains a preferred option for value-conscious consumers, contributing significantly to tax receipts in these categories. Calendar year 2024 saw a decline in fuel- related tax receipts due to lower global crude oil prices—a trend that continued into 1Q 2025. Fuel-related returns dropped by 5%. This decline also affected general consumer goods, as large retailers that sell fuel typically report all sales under a single taxpayer ID. As a result, brick-and-mortar merchants such as post-holiday family apparel stores, winter sporting goods vendors and closures of variety stores contributed to weaker performance. Although food-drugs is the smallest of the eight tax groupings, it was significant that cannabis returns continued a downturn trend that has been ongoing for over two years. Bankruptcies, customer shopping alternatives and oversaturation of retail footprint diminished taxes coming from drug stores. As 2025 begins, sales tax returns remain modest, reflecting broader economic volatility. Key factors influencing our outlook include: ongoing national tariff and trade negotiations and decisions on the federal funds rate - which directly affect consumer interest rates. Recent Middle East conflicts, which temporarily spiked crude oil prices and threatened local gas prices during the summer, will be a short-term concern. In summary, “uncertainty” remains the most accurate descriptor of California’s current and future economic climate. 93 POWER POINTS SEPTEMBER 11, 2025 FINANCIAL ADVISORY COMMISSION SPECIAL MEETING September 11, 2025 1 Financial Advisory Commission Special Meeting September 11, 2025 1 2 September 11, 2025 2 Financial Advisory Commission Special Meeting 9/11/2025 Business Item No. 1 Appoint Members of the Commission to Serve as Chairperson and Vice Chairperson for Fiscal Year 2025/26 Prior Year Appointments Vice-ChairpersonChairpersonFiscal Year Daniel TwoheyW. Richard Mills2019/20 Daniel TwoheyW. Richard Mills2020/21 W. Richard MillsGeorge Batavick2021/22 Keith DorseyW. Richard Mills2022/23 Brian Anderson Keith Dorsey2023/24 Brian Anderson Keith Dorsey2024/25 3 4 September 11, 2025 3 Financial Advisory Commission Special Meeting 9/11/2025 Business Item No. 2 Appoint Members of the Commission to Audit and Formulate the Annual Measure G Sales Tax Oversight Compliance Report for FY 2024/25 FY 2024/25 Measure G Report • Revenue & expenditure summary • Current funds available for appropriation • Proposed future uses • FAC Presentation: November 5 • City Council Presentation: December 2 Subcommittee Members Fiscal Year Anderson, Campbell, Way2020/21 Batavick, Luettjohann2021/22 Batavick, Mast 2022/23 Lee, Mast, Way2023/24 5 6 September 11, 2025 4 Financial Advisory Commission Special Meeting 9/11/2025 Business Item No. 3 Receive and File Fourth Quarter Fiscal Year 2024/25 Treasury Reports for April, May, and June 2025 Portfolio Allocations as of June 2025 7 8 September 11, 2025 5 Portfolio Allocations Comparison June 2024 to 2025 Interest Rates 9 10 September 11, 2025 6 Fiscal Year Comparison: Earnings 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 Average Daily Balance 141,628,303$ 152,994,488$ 160,732,266$ 191,565,121$ 220,315,036$ 243,442,561$ 268,283,005$ Total Earnings 2,894,323$ 2,798,779$ 1,533,546$ 1,508,983$ 4,595,739$ 8,603,100$ 9,710,047$ Effective Rate of Return 2.04% 1.82% 0.95% 0.79%2.09% 3.52% 3.76% Going Forward • Continue to monitor all economic news daily • Continue to utilize 3 brokers to ensure competitive pricing on investments • Manage cash effectively to maintain needed liquidity while maximizing potential earnings • Continue to transition out of money market sweep holdings and into LAIF and/or treasuries as Fed rate declines 11 12 September 11, 2025 7 Financial Advisory Commission Special Meeting 9/11/2025 Departmental Report Item No. 2 First Quarter 2025 (January – March) Sales Tax Update Major Industry Groups 13 14 September 11, 2025 8 Summary • Sales Taxes for the quarter on a cash-receipt basis were up slightly as compared to last year • The County and State also saw increases YOY • Discretionary categories increased with the exception of casual dining and family apparel Top 25 Businesses Amazon Fulfillment Services La Quinta Resort & Club Arnold Palmers Restaurant Lowes Amazon MFA Lavender Bistro Best Buy Marshalls Arnold Palmers Restaurant Lowes Circle K PGA Tour Superstore Best Buy Marshalls Cliffhouse PGA West Private Clubhouse Circle K Mathis Brothers Furniture Costco Ross Cliffhouse PGA Tour Superstore Floor & Décor Stuft Pizza Costco PGA West Private Clubhouse Genesis/Hyundai of La Quinta Target Dept. of Motor Vehicles Stuft Pizza Home Depot TJ Maxx Desert European Motorcars Target In-n-Out Burger Torre Nissan Floor & Décor TJ Maxx Kohls Vons Home Depot Verizon Wireless La Quinta Chevrolet & Cadillac Walmart In-n-Out Burger Walmart La Quinta Resort & Club WDC Kitchen & Bath Kohls Lavender Bistro TOP 25 PRODUCERS - In Alphabetical Order Q1 2025 Measure G Sales Tax 15 16 September 11, 2025 9 Sales and MG History The next Financial Advisory Commission Meeting will be on November 5, 2025 17 18 September 11, 2025 10 19