Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
Fin City Quarterly Investment Report
____________________________________________________________________________________ FOR CITY CLERK ONLY Council Meeting: July 17, 2023 Disposition: Accepted report Agenda Item No: 4.c Meeting Date: July 17, 2023 SAN RAFAEL CITY COUNCIL AGENDA REPORT Department: Finance Prepared by: Paul Navazio, Finance Director City Manager Approval: _________ TOPIC: CITY QUARTERLY INVESTMENT REPORT SUBJECT: ACCEPTANCE OF CITY OF SAN RAFAEL QUARTERLY INVESTMENT REPORT FOR THE QUARTER ENDING JUNE 30, 2023 RECOMMENDATION: Accept investment report for the quarter ending June 30, 2023, as presented. BACKGROUND: Pursuant to the State of California Government Code Section 53601 and the City’s investment policy, last approved by the City Council on June 21, 2022, staff provides the City Council with a quarterly report on the City's investment activities and liquidity. Included in the report are the cost of each investment, the interest rates (yield), maturity dates, and market value. Separate reports are prepared for the City and the Successor Agency to San Rafael Redevelopment Agency. The City invests a portion of its pooled funds in the Local Agency Investment Fund (LAIF), a State-run investment pool. Beginning in March 2014, the City incorporated an investment strategy that added purchases of securities outside of LAIF with the assistance of an investment advisor, Chandler Asset Management. ANALYSIS: As of June 30, 2023, the City’s Treasury consisted of investments with a total market value of $96,362,087, consisting of $50,929,996 in the City’s primary Local Agency Investment Fund (LAIF) account, and $45,432,092 in externally managed investments, which includes $1,075,2000 of Pt. San Pedro Assessment District bonds. An additional $13,416,891 in cash represent the balance in the City’s Westamerica general operating bank account. The overall return on the total portfolio for the quarter ending June 30, 2023, was 3.0%, with a weighted average maturity of 0.89 years. This result is 2.40% lower than the equivalent (1-year) Treasury yield for the period of 5.40%. The yield on the portfolio results from an effective yield of 3.26% for the City’s investments in the Local Agency Investment Fund and a yield of 2.72% for the externally managed investments. The unfavorable variance relative to the established benchmark is typical of a rising interest SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 2 environment and the performance of the portfolio is expected to increase in the near-term as holdings mature and are reinvested at higher rates of return. The City’s investment portfolio continues to maintain strong diversification and is experiencing growth of interest income as a result of higher market rates. All investments continue to comply with the City’s investment policy and California Government Code. Economic Outlook: At the June meeting, the Federal Open Market Committee paused their rate hiking campaign after ten straight rate increases and left the target Federal Funds rate in the current range of 5.00 - 5.25%. Market participants expect further tightening in the future, primarily based on the updated release of the FOMC’s Summary of Economic Projections (SEP) forecast which reflected a stronger economic outlook and higher rates compared to the March forecast. The City will continue to monitor market trends and refine is investment strategy, as appropriate, to improve the performance of the investment portfolio while ensuring its primary goals of preservation of principal, liquidity and yield. Exhibit A is composed of three parts: (1) Quarterly Investment Portfolio Report; (2) Historical Activity by Quarter summarizing the City’s investments; and (3) the three monthly (April, May and June)) investment reports from Chandler Asset Management for the quarter, which include transaction activity details for the reporting period. FISCAL IMPACT: No financial impact occurs by adopting the report. The City continues to meet the priority principles of investing - safety, liquidity, yield, and diversification. The portfolio remains conservatively invested and sufficient liquidity exists to meet daily operating and capital project requirements for the next six months. Operating funds, as defined for this report, exclude cash held with fiscal agents for the payment of bond principal and interest. RECOMMENDATION: Accept investment report for the quarter ending June 30, 2023, as presented. ATTACHMENTS: Exhibit A: 1. 2. 3. Quarterly Investment Portfolio Report Historical Activity by Quarter Report Chandler Asset Management Statements, April through June 2023 SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 3 I CERTIFY THAT ALL INVESTMENTS MADE ARE IN CONFORMANCE WITH THE CITY’S APPROVED INVESTMENT POLICY AND STATE INVESTMENT REGULATIONS. THE CITY HAS SUFFICIENT LIQUIDITY TO MEET ALL OF THE OBLIGATIONS REQUIRED DURING THE NEXT SIX-MONTH PERIOD. Paul Navazio Finance Director %Yield LAIF 50,929,996$ 100.0% 3.26% Total Internally Managed 50,929,996$ 52.9% Weighted Average Yield 3.26% Days Effective Average Duration - Internal 1 Weighted Average Maturity - Internal 1 % Yield Money Market Fund 844,916$ 1.9% 4.72% Treasury Securities 15,306,595$ 33.7% 1.75% Instrumentality Securities 11,496,767$ 25.3% 2.72% Corporate Notes 10,100,915$ 22.2% 2.41% Asset-Backed 3,048,660$ 6.7% 4.86% Negotiable CD 373,787$ 0.8% 5.34% CMO 3,185,252$ 7.0% 4.57% Pt. San Pedro Assessment District 1,075,200$ 2.4% 5.25% Total Externally Managed 45,432,092$ 47.1% Weighted Average Yield 2.72% Years Effective Average Duration - External 1.63 Weighted Average Maturity - External 1.92 Total Portfolio Assets %Yield LAIF 50,929,996$ 52.9% 3.26% Money Market Fund 844,916$ 0.9% 4.72% Treasury Securities 15,306,595$ 15.9% 1.75% Instrumentality Securities 11,496,767$ 11.9% 2.72% Corporate Notes 10,100,915$ 10.5% 2.41% Asset-Backed 3,048,660$ 3.2% 4.86% Negotiable CD 373,787$ 0.4% 5.34% CMO 3,185,252$ 3.3% 4.57% Pt. San Pedro Assessment District 1,075,200$ 1.1% 5.25% Total Portfolio Assets 96,362,087$ 100.0% Weighted Average Yield 3.00% Years Effective Average Duration - Total 0.76 Weighted Average Maturity - Total 0.89 Based on Market Values June 30, 2023 City of Rafael Quarterly Investment Portfolio Report Externally Managed Assets Internally Managed Assets LAIF 100% Money Market Fund 1.9%Treasury Securities 33.7% Instrumentality Securities 25.3% Corporate Notes 22.2% Asset-Backed 6.7% Negotiable CD 0.8%CMO 7.0% Pt. San Pedro Assessment District 2.4% LAIF 52.9% Money Market Fund 0.9% Treasury Securities 15.9% Instrumentality Securities 11.9% Corporate Notes 10.5% Asset-Backed 3.2% Negotiable CD 0.4% CMO 3.3%Pt. San Pedro Assessment District 1.1% Exhibit A Internally Managed Assets %Return %Return %Return %Return %Return %Return LAIF 50,929,996$ 100.0% 3.26% 36,644,876$ 100.0% 2.87% 27,557,309$ 99.4% 2.17% 33,407,538$ 99.5% 1.51% 49,325,065$ 99.7% 0.86% 37,295,675$ 99.6% 0.37% LAIF - Housing -$ 0.0% 0.00% -$ 0.0% 0.00% 156,195$ 0.6% 2.17% 155,665$ 0.5% 1.51% 155,374$ 0.3% 0.86% 155,252$ 0.4% 0.37% Total Internally Managed 50,929,996$ 52.9%36,644,876$ 44.6%27,713,504$ 38.2%33,563,203$ 43.0%49,480,439$ 52.5%37,450,927$ 45.4% Weighted Average Yield 3.26% 2.87% 2.17% 1.51% 0.86% 0.37% Externally Managed Assets %Return %Return %Return %Return %Return %Return Cash 844,916$ 1.9%4.72%2,967,302$ 6.5%4.40%2,947,890$ 6.6%3.00%94,380$ 0.2%1.00%155,858$ 0.3%0.02%34,607$ 0.1%0.02% Treasury Securities 15,306,595$ 33.7% 1.75% 17,159,389$ 37.8% 1.64% 18,206,234$ 40.6% 1.17% 19,352,963$ 43.5% 1.20% 19,307,642$ 43.0% 0.70% 19,322,375$ 42.9% 0.54% Instrumentality Securities 11,496,767$ 25.3% 2.72% 10,748,119$ 23.7% 2.36% 9,984,055$ 22.3% 1.27% 10,891,851$ 24.5% 0.95% 11,004,000$ 24.5% 0.96% 11,081,069$ 24.6% 0.95% Corporate Notes 10,100,915$ 22.2% 2.41% 11,251,043$ 24.8% 1.46% 12,590,810$ 28.1% 0.92% 13,054,253$ 29.4% 0.90% 13,224,805$ 29.5% 0.90% 13,449,548$ 29.9% 0.69% Asset Backed 3,048,660$ 6.7% 4.86% 1,862,018$ 4.1% 5.02% -$ 0.0% 0.00% -$ 0.0% 0.00% -$ 0.0% 0.00% -$ 0.0% 0.00% Negotiable CD 373,787$ 0.8% 5.34% 375,224$ 0.8% 5.34% -$ 0.0% 0.00% -$ 0.0% 0.00% -$ 0.0% 0.00% -$ 0.0% 0.00% Collateralized Mortgage Obligations (CMO) 3,185,252$ 7.0% 4.57% -$ 0.0% 0.00% -$ 0.0% 0.00% -$ 0.0% 0.00% -$ 0.0% 0.00% -$ 0.0% 0.00% Municipal/Assessment District 1,075,200$ 2.4% 5.25% 1,075,200$ 2.4% 5.25% 1,075,200$ 2.4% 5.25% 1,075,200$ 2.4% 5.25% 1,159,300$ 2.6% 5.25% 1,159,300$ 2.6% 5.25% Total Externally Managed 45,432,092$ 47.1%45,438,295$ 55.4%44,804,189$ 61.8%44,468,648$ 57.0%44,851,605$ 47.5%45,046,900$ 54.6% Weighted Average Yield 2.72% 2.16% 1.34% 1.15% 0.94% 0.81% Years Years Years Years Years Years Effective Average Duration - External 1.63 1.56 1.12 1.56 1.45 1.56 Weighted Average Maturity - External 1.92 1.72 1.35 1.72 1.60 1.72 Total Portfolio Assets %Return %Return %Return %Return %Return %Return LAIF 50,929,996$ 52.9% 3.26% 36,644,876$ 44.6% 2.87% 27,713,504$ 38.2% 2.17% 33,563,203$ 43.0% 1.51% 49,480,439$ 52.5% 0.86% 37,450,927$ 45.4% 0.37% Cash 844,916$ 0.9% 4.72% 2,967,302$ 3.6% 4.40% 2,947,890$ 4.1% 3.00% 94,380$ 0.1% 1.00% 155,858$ 0.2% 0.02% 34,607$ 0.0% 0.02% Treasury Securities 15,306,595$ 15.9% 1.75% 17,159,389$ 20.9% 1.64% 18,206,234$ 25.1% 1.17% 19,352,963$ 24.8% 1.20% 19,307,642$ 20.5% 0.70% 19,322,375$ 23.4% 0.54% Instrumentality Securities 11,496,767$ 11.9% 2.72% 10,748,119$ 13.1% 2.36% 9,984,055$ 13.8% 1.27% 10,891,851$ 14.0% 0.95% 11,004,000$ 11.7% 0.96% 11,081,069$ 13.4% 0.95% Corporate Notes 10,100,915$ 10.5% 2.41% 11,251,043$ 13.7% 1.46% 12,590,810$ 17.4% 0.92% 13,054,253$ 16.7% 0.90% 13,224,805$ 14.0% 0.90% 13,449,548$ 16.3% 0.69% Asset Backed 3,048,660$ 3.2% 4.86% 1,862,018$ 2.3% 5.02% -$ 0.0% 0.00% -$ 0.0% 0.00% -$ 0.0% 0.00% -$ 0.0% 0.00% Negotiable CD 373,787$ 0.4% 5.34% 375,224$ 0.5% 5.34% -$ 0.0% 0.00% -$ 0.0% 0.00% -$ 0.0% 0.00% -$ 0.0% 0.00% Collateralized Mortgage Obligations (CMO) 3,185,252$ 3.3% 4.57% -$ 0.0% 0.00% -$ 0.0% 0.00% -$ 0.0% 0.00% -$ 0.0% 0.00% -$ 0.0% 0.00% Municipal/Assessment District 1,075,200$ 1.1% 5.25% 1,075,200$ 1.3% 5.25% 1,075,200$ 1.5% 5.25% 1,075,200$ 1.4% 5.25% 1,159,300$ 1.2% 5.25% 1,159,300$ 1.4% 5.25% Total Portfolio Assets 96,362,087$ 82,083,170$ 72,517,693$ 78,031,850$ 94,332,045$ 82,497,826$ Weighted Average Yield 3.00% 2.47% 1.66% 1.30% 0.90% 0.61% Years Years Years Years Years Years Effective Average Duration - Total 0.76 0.80 0.69 0.79 0.69 0.85 Weighted Average Maturity - Total 0.89 0.71 0.84 0.87 0.76 0.94 Performance Recap -The weighted average quarterly portfolio yield increased from 2.47% to 3.0% during the past quarter. Yields are rising as the Federal Reserve increases interest rates to combat inflation. -The effective average duration decreased, from 0.80 to 0.76 years since last quarter, this is a result of the decrease in effective average duration of the City's externally managed portfolio. -The total portfolio assets increased by approximately $14.2 million during the quarter. This is reflective of fluctuations in the timing of revenues received by the City, particularly property taxes, the majority of which are received biannually. December 31, 2022June 30, 2023 City of San Rafael Historical Activity-By Quarter September 30, 2022 June 30, 2022 March 31, 2022March 31, 2023 W:\Accounting and Budgeting\Finance\Bank Reconciliations\Statements\22-23\12 - June 23\Chandler-Quarterly Report combined 06-30-23 MONTHLY ACCOUNT STATEMENT City of San Rafael - Account #11045 APRIL 1, 2023 THROUGH APRIL 30, 2023 Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures. CHANDLER ASSET MANAGEMENT chandlerasset.com Chandler Team: For questions about your account, please call (800) 317-4747, or contact operations@chandlerasset.com Custodian US Bank Alexander Bazan (503) 402-5305 ACCOUNT SUMMARY Beg. Values as of 3/31/23 End Values as of 4/30/23 Market Value 44,363,095 44,474,590 Accrued Interest 176,617 229,355 Total Market Value 44,539,712 44,703,945 Income Earned 74,144 77,677 Cont/WD -3,620 Par 45,417,302 45,490,127 Book Value 45,281,141 45,273,273 Cost Value 45,672,423 45,617,969 TOP ISSUERS Government of United States 38.6% Federal Home Loan Bank 9.9% Federal National Mortgage Assoc 7.7% Federal Farm Credit Bank 6.5% First American Treasury MMF Cla 3.6% Toyota Motor Corp 2.6% Caterpillar Inc 2.3% Honda Motor Corporation 2.3% Total 73.5% PORTFOLIO CHARACTERISTICS Average Modified Duration 1.35 Average Coupon 2.34% Average Purchase YTM 2.21% Average Market YTM 4.65% Average S&P/Moody Rating AA/Aa1 Average Final Maturity 1.60 yrs Average Life 1.54 yrs CREDIT QUALITY (S&P)MATURITY DISTRIBUTIONSECTOR ALLOCATION Portfolio Summary As of April 30, 2023 City of San Rafael Account #11045 PERFORMANCE REVIEW Annualized TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS 1/1/1900 City of San Rafael 0.38%1.23%N/A N/A N/A N/A N/A N/A N/A ICE BofA 1-3 Yr US Treasury & Agency Index 0.26%1.12%1.81%0.93%-1.23%-0.74%1.19%0.83%N/A Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 1 Holdings Report As of April 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration ABS 05593AAC3 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 435,000.00 Various 5.11% 435,745.64 435,672.92 100.15 5.11% 435,656.42 374.10 0.98% (16.50) Aaa / AAA NR 2.58 1.43 43815JAC7 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 120,000.00 02/16/2023 5.10% 119,977.70 119,978.98 100.74 4.72% 120,890.16 168.00 0.27% 911.18 Aaa / NR AAA 3.98 1.97 02582JJT8 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 600,000.00 04/17/2023 4.65% 585,632.81 585,860.56 97.81 4.56% 586,871.40 904.00 1.31% 1,010.84 NR / AAA AAA 4.05 1.92 58768PAC8 Mercedes-Benz Auto Receivables 2022- 1 A3 5.21% Due 8/16/2027 260,000.00 02/15/2023 5.02% 261,340.63 261,257.90 100.96 4.72% 262,490.54 602.04 0.59% 1,232.64 Aaa / AAA NR 4.30 1.73 89239HAD0 Toyota Auto Receivables Owner 20222- D A3 5.3% Due 9/15/2027 350,000.00 02/10/2023 4.82% 354,128.91 353,864.33 101.40 4.69% 354,900.35 824.44 0.80% 1,036.02 Aaa / NR AAA 4.38 2.09 47800CAC0 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 880,000.00 Various 4.95% 882,243.24 882,221.47 101.28 4.40% 891,276.32 1,959.46 2.00% 9,054.85 Aaa / NR AAA 4.55 1.92 05522RDF2 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 440,000.00 04/18/2023 4.59% 444,812.50 444,756.18 101.36 4.47% 445,980.04 977.78 1.00% 1,223.86 Aaa / AAA NR 4.96 2.33 Total ABS 3,085,000.00 4.86% 3,083,881.43 3,083,612.34 4.61% 3,098,065.23 5,809.82 6.94% 14,452.89 Aaa / AAA AAA 4.17 1.92 AGENCY 3135G0U43 FNMA Note 2.875% Due 9/12/2023 1,000,000.00 09/26/2019 1.63% 1,047,553.22 1,004,403.68 99.23 4.99% 992,331.00 3,913.19 2.23% (12,072.68) Aaa / AA+ AAA 0.37 0.36 3135G0V34 FNMA Note 2.5% Due 2/5/2024 600,000.00 10/24/2019 1.64% 621,262.80 603,804.21 98.13 5.03% 588,756.60 3,583.33 1.33% (15,047.61) Aaa / AA+ AAA 0.77 0.74 3133EMWV0 FFCB Note 0.35% Due 4/22/2024 1,000,000.00 05/03/2021 0.35% 1,000,000.00 1,000,000.00 95.96 4.63% 959,578.00 87.50 2.15% (40,422.00) Aaa / AA+ AAA 0.98 0.95 3130AMQQ8 FHLB Callable Note Qtrly 12/23/2021 0.35% Due 4/23/2024 1,000,000.00 06/23/2021 0.35% 1,000,000.00 1,000,000.00 95.46 5.15% 954,646.00 1,244.44 2.14% (45,354.00) Aaa / AA+ NR 0.98 0.95 3136G46B4 FNMA Callable Note Qtrly 01/26/2024 0.35% Due 4/26/2024 1,200,000.00 10/30/2020 0.36% 1,199,700.00 1,199,914.99 95.43 5.14% 1,145,208.00 58.33 2.56% (54,706.99) Aaa / AA+ AAA 0.99 0.96 3133EMYR7 FFCB Callable Note Cont 5/6/2022 0.375% Due 5/6/2024 1,000,000.00 05/06/2021 0.38% 1,000,000.00 1,000,000.00 95.34 5.13% 953,449.00 1,822.92 2.14% (46,551.00) Aaa / AA+ AAA 1.02 0.99 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 2 Holdings Report As of April 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration AGENCY 3135G0V75 FNMA Note 1.75% Due 7/2/2024 750,000.00 11/05/2019 1.65% 753,426.75 750,862.23 96.80 4.58% 725,984.25 4,338.54 1.63% (24,877.98) Aaa / AA+ AAA 1.18 1.13 3133EPBF1 FFCB Note 4.875% Due 8/21/2024 1,000,000.00 02/15/2023 4.98% 998,490.00 998,680.48 100.11 4.78% 1,001,106.00 9,479.17 2.26% 2,425.52 Aaa / AA+ AAA 1.31 1.24 3130AV7L0 FHLB Note 5% Due 2/28/2025 1,100,000.00 03/02/2023 5.07% 1,098,548.00 1,098,665.68 101.28 4.26% 1,114,087.70 8,861.11 2.51% 15,422.02 Aaa / AA+ AAA 1.84 1.72 3130ATHT7 FHLB Note 4.375% Due 9/12/2025 1,300,000.00 10/06/2022 4.29% 1,303,159.00 1,302,549.01 100.69 4.06% 1,308,962.20 7,741.32 2.95% 6,413.19 Aaa / AA+ NR 2.37 2.22 3130ATUC9 FHLB Note 4.5% Due 12/12/2025 1,000,000.00 02/13/2023 4.32% 1,004,720.00 1,004,372.40 100.84 4.15% 1,008,446.00 22,250.00 2.31% 4,073.60 Aaa / AA+ NR 2.62 2.40 Total Agency 10,950,000.00 2.36% 11,026,859.77 10,963,252.68 4.69% 10,752,554.75 63,379.85 24.19% (210,697.93) Aaa / AA+ AAA 1.38 1.30 CORPORATE 037833AK6 Apple Inc Note 2.4% Due 5/3/2023 500,000.00 09/19/2019 2.00% 506,880.00 500,010.41 99.96 6.76% 499,815.00 5,933.33 1.13% (195.41) Aaa / AA+ NR 0.01 0.01 02665WDH1 American Honda Finance Note 1.95% Due 5/10/2023 1,000,000.00 05/05/2021 0.38% 1,031,510.00 1,000,385.84 99.93 4.29% 999,341.00 9,262.50 2.26% (1,044.84) A3 / A- A 0.03 0.03 89236THA6 Toyota Motor Credit Corp Note 1.35% Due 8/25/2023 700,000.00 04/23/2021 0.43% 714,959.00 702,031.90 98.82 5.08% 691,764.50 1,732.50 1.55% (10,267.40) A1 / A+ A+ 0.32 0.31 14912L5X5 Caterpillar Finance Serv Corp Note 3.75% Due 11/24/2023 1,000,000.00 05/05/2021 0.35% 1,086,390.00 1,019,166.91 99.25 5.10% 992,537.00 16,354.17 2.26% (26,629.91) A2 / A A 0.57 0.54 89236THU2 Toyota Motor Credit Corp Note 0.45% Due 1/11/2024 480,000.00 09/27/2021 0.51% 479,342.40 479,799.42 96.91 5.02% 465,144.00 660.00 1.04% (14,655.42) A1 / A+ A+ 0.70 0.68 24422EVN6 John Deere Capital Corp Note 0.45% Due 1/17/2024 1,000,000.00 05/05/2021 0.40% 1,001,230.00 1,000,325.26 96.77 5.11% 967,728.00 1,300.00 2.17% (32,597.26) A2 / A A+ 0.72 0.69 693475AV7 PNC Financial Services Callable Note Cont 12/23/2023 3.5% Due 1/23/2024 900,000.00 07/29/2019 1.99% 957,939.00 909,438.51 98.52 5.59% 886,660.20 8,575.00 2.00% (22,778.31) A3 / A- A 0.73 0.70 17325FAS7 Citibank Callable Note Cont 12/23/2023 3.65% Due 1/23/2024 500,000.00 05/19/2021 0.53% 541,470.00 511,310.00 98.87 5.24% 494,362.00 4,968.06 1.12% (16,948.00) Aa3 / A+ A+ 0.73 0.70 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 3 Holdings Report As of April 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration CORPORATE 91159HHV5 US Bancorp Callable Note Cont 1/5/2024 3.375% Due 2/5/2024 1,000,000.00 05/04/2021 0.48% 1,079,130.00 1,022,002.38 98.40 5.54% 983,969.00 8,062.50 2.22% (38,033.38) A3 / A+ A+ 0.77 0.74 713448CM8 Pepsico Inc. Callable Note Cont 12/01/2023 3.6% Due 3/1/2024 500,000.00 06/23/2021 0.78% 537,465.00 511,636.28 98.95 4.89% 494,748.00 3,000.00 1.11% (16,888.28) A1 / A+ NR 0.84 0.81 717081DM2 Pfizer Inc. Note 3.4% Due 5/15/2024 500,000.00 09/27/2021 0.55% 537,160.00 514,693.86 98.57 4.82% 492,846.00 7,838.89 1.12% (21,847.86) A1 / A+ A 1.04 0.99 166764BW9 Chevron Corp Callable Note Cont 4/11/2025 1.554% Due 5/11/2025 700,000.00 05/12/2022 3.20% 667,380.00 677,925.64 94.54 4.40% 661,754.10 5,136.83 1.49% (16,171.54) Aa2 / AA- NR 2.03 1.95 46647PBH8 JP Morgan Chase & Co Callable Note Mthly 3/13/2025 2.005% Due 3/13/2026 600,000.00 04/05/2022 4.12% 577,518.00 583,630.98 94.30 5.24% 565,815.60 1,604.00 1.27% (17,815.38) A1 / A- AA- 2.87 1.79 69371RS49 Paccar Financial Corp Note 4.45% Due 3/30/2026 600,000.00 03/28/2023 4.47% 599,634.00 599,644.69 100.45 4.28% 602,719.20 2,299.17 1.35% 3,074.51 A1 / A+ NR 2.92 2.70 00440EAV9 Chubb INA Holdings Inc Callable Note Cont 2/3/2026 3.35% Due 5/3/2026 500,000.00 03/09/2023 5.09% 475,060.00 476,125.44 97.84 4.12% 489,185.50 8,281.94 1.11% 13,060.06 A3 / A A 3.01 2.78 06406RBQ9 Bank of NY Mellon Corp Callable Note Cont 4/26/2026 4.947% Due 4/26/2027 350,000.00 04/19/2023 5.14% 350,497.00 350,495.30 100.72 4.68% 352,528.40 240.48 0.79% 2,033.10 A1 / A AA- 3.99 2.75 74456QBS4 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 5/15/2027 337,000.00 04/18/2023 4.48% 318,673.94 318,809.60 95.36 4.26% 321,376.68 4,661.83 0.73% 2,567.08 A1 / A NR 4.04 3.70 756109AU8 Realty Income Corp Callable Note Cont 10/15/2027 3.65% Due 1/15/2028 500,000.00 04/10/2023 4.87% 474,240.00 474,521.45 95.67 4.68% 478,366.50 5,373.61 1.08% 3,845.05 A3 / A- NR 4.72 4.21 Total Corporate 11,667,000.00 1.82% 11,936,478.34 11,651,953.87 4.99% 11,440,660.68 95,284.81 25.81% (211,293.19) A1 / A A+ 1.37 1.21 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 4 Holdings Report As of April 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration MONEY MARKET FUND 31846V807 First American Treasury MMF Class Y 1,613,127.05 Various 4.44% 1,613,127.05 1,613,127.05 1.00 4.44% 1,613,127.05 0.00 3.61% 0.00 Aaa / AA+ AAA 0.00 0.00 Total Money Market Fund 1,613,127.05 4.44% 1,613,127.05 1,613,127.05 4.44% 1,613,127.05 0.00 3.61% 0.00 Aaa / AA+ AAA 0.00 0.00 NEGOTIABLE CD 96130ASC3 Westpac Banking Corp NY Yankee CD 5.38% Due 2/16/2024 375,000.00 02/16/2023 5.34% 375,141.03 375,112.75 99.96 5.37% 374,856.38 4,147.08 0.85% (256.37) P-1 / A-1+ F-1 0.80 0.78 Total Negotiable CD 375,000.00 5.34% 375,141.03 375,112.75 5.37% 374,856.38 4,147.08 0.85% (256.37) P-1 / A-1+ F-1 0.80 0.78 US TREASURY 91282CCK5 US Treasury Note 0.125% Due 6/30/2023 800,000.00 01/13/2022 0.74% 792,846.43 799,194.72 99.21 4.86% 793,671.20 334.25 1.78% (5,523.52) Aaa / AA+ AAA 0.17 0.17 91282CCN9 US Treasury Note 0.125% Due 7/31/2023 1,000,000.00 01/13/2022 0.79% 989,808.04 998,355.55 98.78 4.98% 987,813.00 310.77 2.21% (10,542.55) Aaa / AA+ AAA 0.25 0.25 9128282D1 US Treasury Note 1.375% Due 8/31/2023 1,250,000.00 12/23/2021 0.61% 1,265,970.98 1,253,163.08 98.78 5.07% 1,234,766.25 2,895.72 2.77% (18,396.83) Aaa / AA+ AAA 0.34 0.33 91282CAW1 US Treasury Note 0.25% Due 11/15/2023 1,000,000.00 05/03/2021 0.25% 1,000,120.54 1,000,025.77 97.52 4.96% 975,156.00 1,153.31 2.18% (24,869.77) Aaa / AA+ AAA 0.55 0.53 912828U57 US Treasury Note 2.125% Due 11/30/2023 650,000.00 10/31/2019 1.67% 661,529.52 651,647.07 98.38 4.97% 639,437.50 5,767.86 1.44% (12,209.57) Aaa / AA+ AAA 0.59 0.57 91282CBA8 US Treasury Note 0.125% Due 12/15/2023 1,200,000.00 10/07/2021 0.33% 1,194,566.52 1,198,449.52 97.11 4.87% 1,165,312.80 564.56 2.61% (33,136.72) Aaa / AA+ AAA 0.63 0.61 91282CBV2 US Treasury Note 0.375% Due 4/15/2024 1,000,000.00 05/03/2021 0.33% 1,001,175.22 1,000,381.56 95.87 4.84% 958,672.00 163.93 2.14% (41,709.56) Aaa / AA+ AAA 0.96 0.94 91282CCC3 US Treasury Note 0.25% Due 5/15/2024 1,000,000.00 05/17/2021 0.35% 996,878.35 998,915.70 95.43 4.81% 954,258.00 1,153.31 2.14% (44,657.70) Aaa / AA+ AAA 1.04 1.02 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 5 Holdings Report As of April 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration US TREASURY 912828D56 US Treasury Note 2.375% Due 8/15/2024 1,000,000.00 12/28/2021 0.91% 1,038,011.16 1,018,669.37 97.30 4.54% 972,969.00 4,920.58 2.19% (45,700.37) Aaa / AA+ AAA 1.30 1.25 9128282Y5 US Treasury Note 2.125% Due 9/30/2024 1,000,000.00 08/25/2021 0.44% 1,051,800.23 1,023,703.64 96.89 4.41% 968,906.00 1,799.86 2.17% (54,797.64) Aaa / AA+ AAA 1.42 1.37 912828YM6 US Treasury Note 1.5% Due 10/31/2024 1,000,000.00 12/28/2021 0.97% 1,014,925.23 1,007,893.98 95.84 4.39% 958,438.00 40.76 2.14% (49,455.98) Aaa / AA+ AAA 1.51 1.46 912828YV6 US Treasury Note 1.5% Due 11/30/2024 700,000.00 09/10/2021 0.48% 722,889.06 711,259.78 95.75 4.30% 670,222.70 4,384.62 1.51% (41,037.08) Aaa / AA+ AAA 1.59 1.53 91282CAJ0 US Treasury Note 0.25% Due 8/31/2025 1,200,000.00 06/30/2022 3.15% 1,095,937.50 1,123,346.02 91.89 3.92% 1,102,734.00 505.43 2.47% (20,612.02) Aaa / AA+ AAA 2.34 2.28 91282CAM3 US Treasury Note 0.25% Due 9/30/2025 500,000.00 07/15/2022 3.12% 456,445.31 467,213.31 91.81 3.83% 459,062.50 105.87 1.03% (8,150.81) Aaa / AA+ AAA 2.42 2.37 9128285N6 US Treasury Note 2.875% Due 11/30/2025 500,000.00 07/15/2022 3.11% 496,212.61 497,102.68 97.61 3.85% 488,047.00 6,002.75 1.11% (9,055.68) Aaa / AA+ AAA 2.59 2.43 91282CGE5 US Treasury Note 3.875% Due 1/15/2026 1,000,000.00 02/06/2023 4.13% 992,929.69 993,476.60 100.16 3.81% 1,001,602.00 11,346.69 2.27% 8,125.40 Aaa / AA+ AAA 2.72 2.52 91282CBQ3 US Treasury Note 0.5% Due 2/28/2026 500,000.00 07/15/2022 3.09% 455,839.84 465,512.38 91.29 3.77% 456,445.50 421.20 1.02% (9,066.88) Aaa / AA+ AAA 2.84 2.76 91282CBW0 US Treasury Note 0.75% Due 4/30/2026 500,000.00 09/30/2022 4.17% 443,595.43 452,780.58 91.61 3.73% 458,047.00 10.19 1.02% 5,266.42 Aaa / AA+ AAA 3.00 2.92 9128286X3 US Treasury Note 2.125% Due 5/31/2026 500,000.00 09/30/2022 4.14% 465,958.71 471,373.79 95.38 3.72% 476,914.00 4,436.81 1.08% 5,540.21 Aaa / AA+ AAA 3.09 2.92 91282CCJ8 US Treasury Note 0.875% Due 6/30/2026 500,000.00 09/30/2022 4.15% 443,595.43 452,371.31 91.69 3.68% 458,437.50 1,462.36 1.03% 6,066.19 Aaa / AA+ AAA 3.17 3.06 91282CGC9 US Treasury Note 3.875% Due 12/31/2027 1,000,000.00 02/06/2023 3.84% 1,001,445.31 1,001,378.22 101.44 3.54% 1,014,414.00 12,952.35 2.30% 13,035.78 Aaa / AA+ AAA 4.67 4.19 Total US Treasury 17,800,000.00 1.64% 17,582,481.11 17,586,214.63 4.42% 17,195,325.95 60,733.18 38.60% (390,888.68) Aaa / AA+ AAA 1.60 1.52 TOTAL PORTFOLIO 45,490,127.05 2.21% 45,617,968.73 45,273,273.32 4.65% 44,474,590.04 229,354.74 100.00% (798,683.28) Aa1 / AA AAA 1.60 1.35 TOTAL MARKET VALUE PLUS ACCRUED 44,703,944.78 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 6 Transaction Ledger As of April 30, 2023 City of San Rafael Account #11045 Transaction Type Settlement Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss ACQUISITIONS Purchase 04/03/2023 31846V807 496,001.81 First American Treasury MMF Class Y 1.000 4.40%496,001.81 0.00 496,001.81 0.00 Purchase 04/03/2023 31846V807 5,628.73 First American Treasury MMF Class Y 1.000 4.40%5,628.73 0.00 5,628.73 0.00 Purchase 04/12/2023 756109AU8 500,000.00 Realty Income Corp Callable Note Cont 10/15/2027 3.65% Due 1/15/2028 94.848 4.87%474,240.00 4,410.42 478,650.42 0.00 Purchase 04/15/2023 31846V807 1,875.00 First American Treasury MMF Class Y 1.000 4.40%1,875.00 0.00 1,875.00 0.00 Purchase 04/17/2023 31846V807 4,069.24 First American Treasury MMF Class Y 1.000 4.40%4,069.24 0.00 4,069.24 0.00 Purchase 04/17/2023 31846V807 1,128.83 First American Treasury MMF Class Y 1.000 4.40%1,128.83 0.00 1,128.83 0.00 Purchase 04/17/2023 31846V807 1,545.83 First American Treasury MMF Class Y 1.000 4.40%1,545.83 0.00 1,545.83 0.00 Purchase 04/19/2023 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 97.605 4.65%585,632.81 226.00 585,858.81 0.00 Purchase 04/19/2023 47800CAC0 200,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 101.020 4.60%202,039.06 111.33 202,150.39 0.00 Purchase 04/20/2023 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 101.094 4.59%444,812.50 305.56 445,118.06 0.00 Purchase 04/20/2023 74456QBS4 337,000.00 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 5/15/2027 94.562 4.48%318,673.94 4,352.92 323,026.86 0.00 Purchase 04/21/2023 31846V807 504.00 First American Treasury MMF Class Y 1.000 4.40%504.00 0.00 504.00 0.00 Purchase 04/22/2023 31846V807 1,750.00 First American Treasury MMF Class Y 1.000 4.40%1,750.00 0.00 1,750.00 0.00 Purchase 04/23/2023 31846V807 8,897.50 First American Treasury MMF Class Y 1.000 4.40%8,897.50 0.00 8,897.50 0.00 Purchase 04/23/2023 31846V807 500,000.00 First American Treasury MMF Class Y 1.000 4.40%500,000.00 0.00 500,000.00 0.00 Purchase 04/25/2023 31846V807 1,870.50 First American Treasury MMF Class Y 1.000 4.40%1,870.50 0.00 1,870.50 0.00 Purchase 04/26/2023 06406RBQ9 350,000.00 Bank of NY Mellon Corp Callable Note Cont 4/26/2026 4.947% Due 4/26/2027 100.142 4.90%350,497.00 0.00 350,497.00 0.00 Purchase 04/26/2023 31846V807 2,100.00 First American Treasury MMF Class Y 1.000 4.40%2,100.00 0.00 2,100.00 0.00 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 7 Transaction Ledger As of April 30, 2023 City of San Rafael Account #11045 Transaction Type Settlement Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss ACQUISITIONS Purchase 04/30/2023 31846V807 9,375.00 First American Treasury MMF Class Y 1.000 4.44%9,375.00 0.00 9,375.00 0.00 Subtotal 3,461,746.44 3,410,641.75 9,406.23 3,420,047.98 0.00 TOTAL ACQUISITIONS 3,461,746.44 3,410,641.75 9,406.23 3,420,047.98 0.00 DISPOSITIONS Sale 04/03/2023 88579YBB6 500,000.00 3M Co. Callable Note Cont 1/14/2024 3.25% Due 2/14/2024 98.758 4.73%493,790.00 2,211.81 496,001.81 -18,383.44 Sale 04/12/2023 31846V807 478,650.42 First American Treasury MMF Class Y 1.000 4.40%478,650.42 0.00 478,650.42 0.00 Sale 04/19/2023 31846V807 788,009.20 First American Treasury MMF Class Y 1.000 4.40%788,009.20 0.00 788,009.20 0.00 Sale 04/20/2023 31846V807 768,144.92 First American Treasury MMF Class Y 1.000 4.40%768,144.92 0.00 768,144.92 0.00 Sale 04/26/2023 31846V807 350,497.00 First American Treasury MMF Class Y 1.000 4.40%350,497.00 0.00 350,497.00 0.00 Subtotal 2,885,301.54 2,879,091.54 2,211.81 2,881,303.35 -18,383.44 Call 04/23/2023 46647PAP1 500,000.00 JP Morgan Chase & Co Callable Note 1X 4/23/2023Due 4/23/2024 100.000 5.23%500,000.00 0.00 500,000.00 -10,803.31 Subtotal 500,000.00 500,000.00 0.00 500,000.00 -10,803.31 Paydown 04/17/2023 47800CAC0 0.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 100.000 0.00 4,069.24 4,069.24 0.00 Paydown 04/17/2023 58768PAC8 0.00 Mercedes-Benz Auto Receivables 2022- 1 A3 5.21% Due 8/16/2027 100.000 0.00 1,128.83 1,128.83 0.00 Paydown 04/17/2023 89239HAD0 0.00 Toyota Auto Receivables Owner 20222- D A3 5.3% Due 9/15/2027 100.000 0.00 1,545.83 1,545.83 0.00 Paydown 04/21/2023 43815JAC7 0.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 100.000 0.00 504.00 504.00 0.00 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 8 Transaction Ledger As of April 30, 2023 City of San Rafael Account #11045 Transaction Type Settlement Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss DISPOSITIONS Paydown 04/25/2023 05593AAC3 0.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 100.000 0.00 1,870.50 1,870.50 0.00 Subtotal 0.00 0.00 9,118.40 9,118.40 0.00 Security Withdrawal 04/17/2023 31846V807 3,369.94 First American Treasury MMF Class Y 1.000 3,369.94 0.00 3,369.94 0.00 Security Withdrawal 04/26/2023 31846V807 250.00 First American Treasury MMF Class Y 1.000 250.00 0.00 250.00 0.00 Subtotal 3,619.94 3,619.94 0.00 3,619.94 0.00 TOTAL DISPOSITIONS 3,388,921.48 3,382,711.48 11,330.21 3,394,041.69 -29,186.75 OTHER TRANSACTIONS Interest 04/15/2023 91282CBV2 1,000,000.00 US Treasury Note 0.375% Due 4/15/2024 0.000 1,875.00 0.00 1,875.00 0.00 Interest 04/22/2023 3133EMWV0 1,000,000.00 FFCB Note 0.35% Due 4/22/2024 0.000 1,750.00 0.00 1,750.00 0.00 Interest 04/23/2023 46647PAP1 500,000.00 JP Morgan Chase & Co Callable Note 1X 4/23/2023Due 4/23/2024 0.000 8,897.50 0.00 8,897.50 0.00 Interest 04/26/2023 3136G46B4 1,200,000.00 FNMA Callable Note Qtrly 01/26/2024 0.35% Due 4/26/2024 0.000 2,100.00 0.00 2,100.00 0.00 Interest 04/30/2023 912828YM6 1,000,000.00 US Treasury Note 1.5% Due 10/31/2024 0.000 7,500.00 0.00 7,500.00 0.00 Interest 04/30/2023 91282CBW0 500,000.00 US Treasury Note 0.75% Due 4/30/2026 0.000 1,875.00 0.00 1,875.00 0.00 Subtotal 5,200,000.00 23,997.50 0.00 23,997.50 0.00 Dividend 04/03/2023 31846V807 3,463,303.90 First American Treasury MMF Class Y 0.000 5,628.73 0.00 5,628.73 0.00 Subtotal 3,463,303.90 5,628.73 0.00 5,628.73 0.00 TOTAL OTHER TRANSACTIONS 8,663,303.90 29,626.23 0.00 29,626.23 0.00 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 9 Income Earned As of April 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income FIXED INCOME 00440EAV9 Chubb INA Holdings Inc Callable Note Cont 2/3/2026 3.35% Due 05/03/2026 03/09/2023 03/13/2023 500,000.00 475,473.13 0.00 0.00 476,125.44 6,886.11 0.00 8,281.94 1,395.83 652.31 0.00 652.31 2,048.14 2,048.14 02582JJT8 American Express Credit Trust 2022-2 A 3.39% Due 05/17/2027 04/17/2023 04/19/2023 600,000.00 0.00 585,632.81 0.00 585,860.56 0.00 (226.00) 904.00 678.00 227.75 0.00 227.75 905.75 905.75 02665WDH1 American Honda Finance Note 1.95% Due 05/10/2023 05/05/2021 05/05/2021 1,000,000.00 1,001,671.96 0.00 0.00 1,000,385.84 7,637.50 0.00 9,262.50 1,625.00 0.00 1,286.12 (1,286.12) 338.88 338.88 037833AK6 Apple Inc Note 2.4% Due 05/03/2023 09/19/2019 09/19/2019 500,000.00 500,166.54 0.00 0.00 500,010.41 4,933.33 0.00 5,933.33 1,000.00 0.00 156.13 (156.13) 843.87 843.87 05522RDF2 Bank of America Credit Card Tr 2022-A2 A2 5% Due 04/15/2028 04/18/2023 04/20/2023 440,000.00 0.00 444,812.50 0.00 444,756.18 0.00 (305.56) 977.78 672.22 0.00 56.32 (56.32) 615.90 615.90 05593AAC3 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 Various 02/15/2023 435,000.00 435,702.00 0.00 0.00 435,672.92 374.10 1,870.50 374.10 1,870.50 0.06 29.14 (29.08) 1,841.42 1,841.42 06406RBQ9 Bank of NY Mellon Corp Callable Note Cont 4/26/2026 4.947% Due 04/26/2027 04/19/2023 04/26/2023 350,000.00 0.00 350,497.00 0.00 350,495.30 0.00 0.00 240.48 240.48 0.00 1.70 (1.70) 238.78 238.78 14912L5X5 Caterpillar Finance Serv Corp Note 3.75% Due 11/24/2023 05/05/2021 05/05/2021 1,000,000.00 1,021,944.73 0.00 0.00 1,019,166.91 13,229.17 0.00 16,354.17 3,125.00 0.00 2,777.82 (2,777.82) 347.18 347.18 166764BW9 Chevron Corp Callable Note Cont 4/11/2025 1.554% Due 05/11/2025 05/12/2022 05/12/2022 700,000.00 677,031.95 0.00 0.00 677,925.64 4,230.33 0.00 5,136.83 906.50 893.69 0.00 893.69 1,800.19 1,800.19 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 10 Income Earned As of April 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 17325FAS7 Citibank Callable Note Cont 12/23/2023 3.65% Due 01/23/2024 05/19/2021 05/19/2021 500,000.00 512,580.79 0.00 0.00 511,310.00 3,447.22 0.00 4,968.06 1,520.84 0.00 1,270.79 (1,270.79) 250.05 250.05 24422EVN6 John Deere Capital Corp Note 0.45% Due 01/17/2024 05/05/2021 05/05/2021 1,000,000.00 1,000,362.64 0.00 0.00 1,000,325.26 925.00 0.00 1,300.00 375.00 0.00 37.38 (37.38) 337.62 337.62 3130AMQQ8 FHLB Callable Note Qtrly 12/23/2021 0.35% Due 04/23/2024 06/23/2021 06/23/2021 1,000,000.00 1,000,000.00 0.00 0.00 1,000,000.00 952.78 0.00 1,244.44 291.66 0.00 0.00 0.00 291.66 291.66 3130ATHT7 FHLB Note 4.375% Due 09/12/2025 10/06/2022 10/06/2022 1,300,000.00 1,302,637.41 0.00 0.00 1,302,549.01 3,001.74 0.00 7,741.32 4,739.58 0.00 88.40 (88.40) 4,651.18 4,651.18 3130ATUC9 FHLB Note 4.5% Due 12/12/2025 02/13/2023 02/14/2023 1,000,000.00 1,004,509.61 0.00 0.00 1,004,372.40 18,500.00 0.00 22,250.00 3,750.00 0.00 137.21 (137.21) 3,612.79 3,612.79 3130AV7L0 FHLB Note 5% Due 02/28/2025 03/02/2023 03/03/2023 1,100,000.00 1,098,605.84 0.00 0.00 1,098,665.68 4,277.78 0.00 8,861.11 4,583.33 59.84 0.00 59.84 4,643.17 4,643.17 3133EMWV0 FFCB Note 0.35% Due 04/22/2024 05/03/2021 05/03/2021 1,000,000.00 1,000,000.00 0.00 0.00 1,000,000.00 1,545.83 1,750.00 87.50 291.67 0.00 0.00 0.00 291.67 291.67 3133EMYR7 FFCB Callable Note Cont 5/6/2022 0.375% Due 05/06/2024 05/06/2021 05/06/2021 1,000,000.00 1,000,000.00 0.00 0.00 1,000,000.00 1,510.42 0.00 1,822.92 312.50 0.00 0.00 0.00 312.50 312.50 3133EPBF1 FFCB Note 4.875% Due 08/21/2024 02/15/2023 02/21/2023 1,000,000.00 998,597.66 0.00 0.00 998,680.48 5,416.67 0.00 9,479.17 4,062.50 82.82 0.00 82.82 4,145.32 4,145.32 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 11 Income Earned As of April 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 3135G0U43 FNMA Note 2.875% Due 09/12/2023 09/26/2019 09/26/2019 1,000,000.00 1,005,389.58 0.00 0.00 1,004,403.68 1,517.36 0.00 3,913.19 2,395.83 0.00 985.90 (985.90) 1,409.93 1,409.93 3135G0V34 FNMA Note 2.5% Due 02/05/2024 10/24/2019 10/24/2019 600,000.00 604,211.80 0.00 0.00 603,804.21 2,333.33 0.00 3,583.33 1,250.00 0.00 407.59 (407.59) 842.41 842.41 3135G0V75 FNMA Note 1.75% Due 07/02/2024 11/05/2019 11/05/2019 750,000.00 750,922.66 0.00 0.00 750,862.23 3,244.79 0.00 4,338.54 1,093.75 0.00 60.43 (60.43) 1,033.32 1,033.32 3136G46B4 FNMA Callable Note Qtrly 01/26/2024 0.35% Due 04/26/2024 10/30/2020 10/30/2020 1,200,000.00 1,199,907.93 0.00 0.00 1,199,914.99 1,808.33 2,100.00 58.33 350.00 7.06 0.00 7.06 357.06 357.06 43815JAC7 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 04/21/2027 02/16/2023 02/24/2023 120,000.00 119,978.40 0.00 0.00 119,978.98 168.00 504.00 168.00 504.00 0.58 0.00 0.58 504.58 504.58 46647PAP1 JP Morgan Chase & Co Callable Note 1X 4/23/2023 Due 04/23/2024 02/18/2021 02/18/2021 0.00 511,452.69 0.00 510,803.31 0.00 7,810.03 8,897.50 0.00 1,087.47 0.00 649.38 (649.38) 438.09 438.09 46647PBH8 JP Morgan Chase & Co Callable Note Mthly 3/13/2025 2.005% Due 03/13/2026 04/05/2022 04/05/2022 600,000.00 583,161.95 0.00 0.00 583,630.98 601.50 0.00 1,604.00 1,002.50 469.03 0.00 469.03 1,471.53 1,471.53 47800CAC0 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 02/23/2023 03/02/2023 880,000.00 680,200.62 202,039.06 0.00 882,221.47 2,744.37 3,957.91 1,959.46 3,173.00 0.73 18.94 (18.21) 3,154.79 3,154.79 58768PAC8 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 08/16/2027 02/15/2023 02/17/2023 260,000.00 261,291.90 0.00 0.00 261,257.90 602.04 1,128.83 602.04 1,128.83 0.00 34.00 (34.00) 1,094.83 1,094.83 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 12 Income Earned As of April 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 693475AV7 PNC Financial Services Callable Note Cont 12/23/2023 3.5% Due 01/23/2024 07/29/2019 07/29/2019 900,000.00 910,499.01 0.00 0.00 909,438.51 5,950.00 0.00 8,575.00 2,625.00 0.00 1,060.50 (1,060.50) 1,564.50 1,564.50 69371RS49 Paccar Financial Corp Note 4.45% Due 03/30/2026 03/28/2023 03/30/2023 600,000.00 599,634.67 0.00 0.00 599,644.69 74.17 0.00 2,299.17 2,225.00 10.02 0.00 10.02 2,235.02 2,235.02 713448CM8 Pepsico Inc. Callable Note Cont 12/01/2023 3.6% Due 03/01/2024 06/23/2021 06/23/2021 500,000.00 512,780.83 0.00 0.00 511,636.28 1,500.00 0.00 3,000.00 1,500.00 0.00 1,144.55 (1,144.55) 355.45 355.45 717081DM2 Pfizer Inc. Note 3.4% Due 05/15/2024 09/27/2021 09/27/2021 500,000.00 515,853.90 0.00 0.00 514,693.86 6,422.22 0.00 7,838.89 1,416.67 0.00 1,160.04 (1,160.04) 256.63 256.63 74456QBS4 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 05/15/2027 04/18/2023 04/20/2023 337,000.00 0.00 318,673.94 0.00 318,809.60 0.00 (4,352.92) 4,661.83 308.91 135.66 0.00 135.66 444.57 444.57 756109AU8 Realty Income Corp Callable Note Cont 10/15/2027 3.65% Due 01/15/2028 04/10/2023 04/12/2023 500,000.00 0.00 474,240.00 0.00 474,521.45 0.00 (4,410.42) 5,373.61 963.19 281.45 0.00 281.45 1,244.64 1,244.64 88579YBB6 3M Co. Callable Note Cont 1/14/2024 Due 02/14/2024 02/17/2021 02/17/2021 0.00 512,250.24 0.00 512,173.44 0.00 2,121.53 2,211.81 0.00 90.28 0.00 76.80 (76.80) 13.48 13.48 89236THA6 Toyota Motor Credit Corp Note 1.35% Due 08/25/2023 04/23/2021 04/23/2021 700,000.00 702,557.39 0.00 0.00 702,031.90 945.00 0.00 1,732.50 787.50 0.00 525.49 (525.49) 262.01 262.01 89236THU2 Toyota Motor Credit Corp Note 0.45% Due 01/11/2024 09/27/2021 09/27/2021 480,000.00 479,775.82 0.00 0.00 479,799.42 480.00 0.00 660.00 180.00 23.60 0.00 23.60 203.60 203.60 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 13 Income Earned As of April 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 89239HAD0 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 09/15/2027 02/10/2023 02/14/2023 350,000.00 353,968.77 0.00 0.00 353,864.33 824.44 1,545.83 824.44 1,545.83 0.00 104.44 (104.44) 1,441.39 1,441.39 91159HHV5 US Bancorp Callable Note Cont 1/5/2024 3.375% Due 02/05/2024 05/04/2021 05/04/2021 1,000,000.00 1,024,359.78 0.00 0.00 1,022,002.38 5,250.00 0.00 8,062.50 2,812.50 0.00 2,357.40 (2,357.40) 455.10 455.10 9128282D1 US Treasury Note 1.375% Due 08/31/2023 12/23/2021 12/23/2021 1,250,000.00 1,253,940.89 0.00 0.00 1,253,163.08 1,494.57 0.00 2,895.72 1,401.15 0.00 777.81 (777.81) 623.34 623.34 9128282Y5 US Treasury Note 2.125% Due 09/30/2024 08/25/2021 08/25/2021 1,000,000.00 1,025,076.44 0.00 0.00 1,023,703.64 58.06 0.00 1,799.86 1,741.80 0.00 1,372.80 (1,372.80) 369.00 369.00 9128285N6 US Treasury Note 2.875% Due 11/30/2025 07/15/2022 07/15/2022 500,000.00 497,010.60 0.00 0.00 497,102.68 4,817.99 0.00 6,002.75 1,184.76 92.08 0.00 92.08 1,276.84 1,276.84 9128286X3 US Treasury Note 2.125% Due 05/31/2026 09/30/2022 09/30/2022 500,000.00 470,611.10 0.00 0.00 471,373.79 3,561.13 0.00 4,436.81 875.68 762.69 0.00 762.69 1,638.37 1,638.37 912828D56 US Treasury Note 2.375% Due 08/15/2024 12/28/2021 12/28/2021 1,000,000.00 1,019,855.99 0.00 0.00 1,018,669.37 2,952.35 0.00 4,920.58 1,968.23 0.00 1,186.62 (1,186.62) 781.61 781.61 912828U57 US Treasury Note 2.125% Due 11/30/2023 10/31/2019 10/31/2019 650,000.00 651,879.06 0.00 0.00 651,647.07 4,629.46 0.00 5,767.86 1,138.40 0.00 231.99 (231.99) 906.41 906.41 912828YM6 US Treasury Note 1.5% Due 10/31/2024 12/28/2021 12/28/2021 1,000,000.00 1,008,325.35 0.00 0.00 1,007,893.98 6,298.34 7,500.00 40.76 1,242.42 0.00 431.37 (431.37) 811.05 811.05 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 14 Income Earned As of April 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 912828YV6 US Treasury Note 1.5% Due 11/30/2024 09/10/2021 09/10/2021 700,000.00 711,843.19 0.00 0.00 711,259.78 3,519.23 0.00 4,384.62 865.39 0.00 583.41 (583.41) 281.98 281.98 91282CAJ0 US Treasury Note 0.25% Due 08/31/2025 06/30/2022 06/30/2022 1,200,000.00 1,120,650.10 0.00 0.00 1,123,346.02 260.87 0.00 505.43 244.56 2,695.92 0.00 2,695.92 2,940.48 2,940.48 91282CAM3 US Treasury Note 0.25% Due 09/30/2025 07/15/2022 07/15/2022 500,000.00 466,099.38 0.00 0.00 467,213.31 3.42 0.00 105.87 102.45 1,113.93 0.00 1,113.93 1,216.38 1,216.38 91282CAW1 US Treasury Note 0.25% Due 11/15/2023 05/03/2021 05/03/2021 1,000,000.00 1,000,029.68 0.00 0.00 1,000,025.77 946.13 0.00 1,153.31 207.18 0.00 3.91 (3.91) 203.27 203.27 91282CBA8 US Treasury Note 0.125% Due 12/15/2023 10/07/2021 10/07/2021 1,200,000.00 1,198,245.51 0.00 0.00 1,198,449.52 440.93 0.00 564.56 123.63 204.01 0.00 204.01 327.64 327.64 91282CBQ3 US Treasury Note 0.5% Due 02/28/2026 07/15/2022 07/15/2022 500,000.00 464,511.77 0.00 0.00 465,512.38 217.39 0.00 421.20 203.81 1,000.61 0.00 1,000.61 1,204.42 1,204.42 91282CBV2 US Treasury Note 0.375% Due 04/15/2024 05/03/2021 05/03/2021 1,000,000.00 1,000,414.27 0.00 0.00 1,000,381.56 1,730.77 1,875.00 163.93 308.16 0.00 32.71 (32.71) 275.45 275.45 91282CBW0 US Treasury Note 0.75% Due 04/30/2026 09/30/2022 09/30/2022 500,000.00 451,486.90 0.00 0.00 452,780.58 1,574.59 1,875.00 10.19 310.60 1,293.68 0.00 1,293.68 1,604.28 1,604.28 91282CCC3 US Treasury Note 0.25% Due 05/15/2024 05/17/2021 05/17/2021 1,000,000.00 998,830.09 0.00 0.00 998,915.70 946.13 0.00 1,153.31 207.18 85.61 0.00 85.61 292.79 292.79 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 15 Income Earned As of April 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 91282CCJ8 US Treasury Note 0.875% Due 06/30/2026 09/30/2022 09/30/2022 500,000.00 451,135.27 0.00 0.00 452,371.31 1,099.79 0.00 1,462.36 362.57 1,236.04 0.00 1,236.04 1,598.61 1,598.61 91282CCK5 US Treasury Note 0.125% Due 06/30/2023 01/13/2022 01/13/2022 800,000.00 798,792.08 0.00 0.00 799,194.72 251.38 0.00 334.25 82.87 402.64 0.00 402.64 485.51 485.51 91282CCN9 US Treasury Note 0.125% Due 07/31/2023 01/13/2022 01/13/2022 1,000,000.00 997,813.43 0.00 0.00 998,355.55 207.18 0.00 310.77 103.59 542.12 0.00 542.12 645.71 645.71 91282CGC9 US Treasury Note 3.875% Due 12/31/2027 02/06/2023 02/07/2023 1,000,000.00 1,001,402.47 0.00 0.00 1,001,378.22 9,741.02 0.00 12,952.35 3,211.33 0.00 24.25 (24.25) 3,187.08 3,187.08 91282CGE5 US Treasury Note 3.875% Due 01/15/2026 02/06/2023 02/07/2023 1,000,000.00 993,278.92 0.00 0.00 993,476.60 8,135.36 0.00 11,346.69 3,211.33 197.68 0.00 197.68 3,409.01 3,409.01 Total Fixed Income 43,502,000.00 41,938,714.69 2,375,895.31 1,022,976.75 43,285,033.52 174,151.18 25,921.48 225,207.66 76,977.96 12,471.61 19,071.34 (6,599.73) 70,378.23 70,378.23 CASH & EQUIVALENT 31846V807 First American Treasury MMF Class Y Various Various 1,613,127.05 2,967,302.09 1,034,746.44 2,388,921.48 1,613,127.05 0.00 5,628.73 0.00 5,628.73 0.00 0.00 0.00 5,628.73 5,628.73 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 16 Income Earned As of April 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 96130ASC3 Westpac Banking Corp NY Yankee CD 5.38% Due 02/16/2024 02/16/2023 02/17/2023 375,000.00 375,124.37 0.00 0.00 375,112.75 2,465.83 0.00 4,147.08 1,681.25 0.00 11.62 (11.62) 1,669.63 1,669.63 Total Cash & Equivalent 1,988,127.05 3,342,426.46 1,034,746.44 2,388,921.48 1,988,239.80 2,465.83 5,628.73 4,147.08 7,309.98 0.00 11.62 (11.62) 7,298.36 7,298.36 TOTAL PORTFOLIO 45,490,127.05 45,281,141.15 3,410,641.75 3,411,898.23 45,273,273.32 176,617.01 31,550.21 229,354.74 84,287.94 12,471.61 19,082.96 (6,611.35) 77,676.59 77,676.59 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 17 Cash Flow Report As of April 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/03/2023 Interest 00440EAV9 500,000.00 Chubb INA Holdings Inc Callable Note Cont 2/3/2026 3.35% Due 5/3/2026 0.00 8,375.00 8,375.00 05/03/2023 Maturity 037833AK6 500,000.00 Apple Inc Note 2.4% Due 5/3/2023 500,000.00 6,000.00 506,000.00 05/06/2023 Interest 3133EMYR7 1,000,000.00 FFCB Callable Note Cont 5/6/2022 0.375% Due 5/6/2024 0.00 1,875.00 1,875.00 05/10/2023 Maturity 02665WDH1 1,000,000.00 American Honda Finance Note 1.95% Due 5/10/2023 1,000,000.00 9,750.00 1,009,750.00 05/11/2023 Interest 166764BW9 700,000.00 Chevron Corp Callable Note Cont 4/11/2025 1.554% Due 5/11/2025 0.00 5,439.00 5,439.00 05/15/2023 Interest 91282CCC3 1,000,000.00 US Treasury Note 0.25% Due 5/15/2024 0.00 1,250.00 1,250.00 05/15/2023 Interest 91282CAW1 1,000,000.00 US Treasury Note 0.25% Due 11/15/2023 0.00 1,250.00 1,250.00 05/15/2023 Interest 74456QBS4 337,000.00 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 5/15/2027 0.00 5,055.00 5,055.00 05/15/2023 Interest 717081DM2 500,000.00 Pfizer Inc. Note 3.4% Due 5/15/2024 0.00 8,500.00 8,500.00 05/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 05/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 05/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,266.48 3,674.00 17,940.48 05/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 05/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 05/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 05/24/2023 Interest 14912L5X5 1,000,000.00 Caterpillar Finance Serv Corp Note 3.75% Due 11/24/2023 0.00 18,750.00 18,750.00 05/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 18 Cash Flow Report As of April 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/31/2023 Interest 912828U57 650,000.00 US Treasury Note 2.125% Due 11/30/2023 0.00 6,906.25 6,906.25 05/31/2023 Interest 9128286X3 500,000.00 US Treasury Note 2.125% Due 5/31/2026 0.00 5,312.50 5,312.50 05/31/2023 Interest 9128285N6 500,000.00 US Treasury Note 2.875% Due 11/30/2025 0.00 7,187.50 7,187.50 05/31/2023 Interest 912828YV6 700,000.00 US Treasury Note 1.5% Due 11/30/2024 0.00 5,250.00 5,250.00 MAY 2023 1,514,266.48 103,151.74 1,617,418.22 06/12/2023 Interest 3130ATUC9 1,000,000.00 FHLB Note 4.5% Due 12/12/2025 0.00 27,375.00 27,375.00 06/15/2023 Interest 91282CBA8 1,200,000.00 US Treasury Note 0.125% Due 12/15/2023 0.00 750.00 750.00 06/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 06/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 06/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 06/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,326.05 3,614.43 17,940.48 06/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 06/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 06/23/2023 Interest 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021 0.35% Due 4/23/2024 0.00 1,750.00 1,750.00 06/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 06/30/2023 Interest 91282CGC9 1,000,000.00 US Treasury Note 3.875% Due 12/31/2027 0.00 19,375.00 19,375.00 06/30/2023 Interest 91282CCJ8 500,000.00 US Treasury Note 0.875% Due 6/30/2026 0.00 2,187.50 2,187.50 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 19 Cash Flow Report As of April 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/30/2023 Maturity 91282CCK5 800,000.00 US Treasury Note 0.125% Due 6/30/2023 800,000.00 500.00 800,500.00 JUN 2023 814,326.05 64,129.42 878,455.47 07/02/2023 Interest 3135G0V75 750,000.00 FNMA Note 1.75% Due 7/2/2024 0.00 6,562.50 6,562.50 07/11/2023 Interest 89236THU2 480,000.00 Toyota Motor Credit Corp Note 0.45% Due 1/11/2024 0.00 1,080.00 1,080.00 07/15/2023 Interest 91282CGE5 1,000,000.00 US Treasury Note 3.875% Due 1/15/2026 0.00 19,375.00 19,375.00 07/15/2023 Interest 756109AU8 500,000.00 Realty Income Corp Callable Note Cont 10/15/2027 3.65% Due 1/15/2028 0.00 9,125.00 9,125.00 07/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 07/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,385.85 3,554.63 17,940.48 07/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 07/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 07/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 07/17/2023 Interest 24422EVN6 1,000,000.00 John Deere Capital Corp Note 0.45% Due 1/17/2024 0.00 2,250.00 2,250.00 07/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 07/23/2023 Interest 17325FAS7 500,000.00 Citibank Callable Note Cont 12/23/2023 3.65% Due 1/23/2024 0.00 9,125.00 9,125.00 07/23/2023 Interest 693475AV7 900,000.00 PNC Financial Services Callable Note Cont 12/23/2023 3.5% Due 1/23/2024 0.00 15,750.00 15,750.00 07/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 20 Cash Flow Report As of April 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/31/2023 Maturity 91282CCN9 1,000,000.00 US Treasury Note 0.125% Due 7/31/2023 1,000,000.00 625.00 1,000,625.00 JUL 2023 1,014,385.85 76,024.62 1,090,410.47 08/05/2023 Interest 3135G0V34 600,000.00 FNMA Note 2.5% Due 2/5/2024 0.00 7,500.00 7,500.00 08/05/2023 Interest 91159HHV5 1,000,000.00 US Bancorp Callable Note Cont 1/5/2024 3.375% Due 2/5/2024 0.00 16,875.00 16,875.00 08/15/2023 Interest 912828D56 1,000,000.00 US Treasury Note 2.375% Due 8/15/2024 0.00 11,875.00 11,875.00 08/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 08/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 08/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 08/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,445.92 3,494.56 17,940.48 08/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 08/21/2023 Interest 3133EPBF1 1,000,000.00 FFCB Note 4.875% Due 8/21/2024 0.00 24,375.00 24,375.00 08/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 08/25/2023 Maturity 89236THA6 700,000.00 Toyota Motor Credit Corp Note 1.35% Due 8/25/2023 700,000.00 4,725.00 704,725.00 08/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 08/28/2023 Interest 3130AV7L0 1,100,000.00 FHLB Note 5% Due 2/28/2025 0.00 26,736.11 26,736.11 08/31/2023 Interest 91282CAJ0 1,200,000.00 US Treasury Note 0.25% Due 8/31/2025 0.00 1,500.00 1,500.00 08/31/2023 Interest 91282CBQ3 500,000.00 US Treasury Note 0.5% Due 2/28/2026 0.00 1,250.00 1,250.00 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 21 Cash Flow Report As of April 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/31/2023 Maturity 9128282D1 1,250,000.00 US Treasury Note 1.375% Due 8/31/2023 1,250,000.00 8,593.75 1,258,593.75 AUG 2023 1,964,445.92 115,501.91 2,079,947.83 09/01/2023 Interest 713448CM8 500,000.00 Pepsico Inc. Callable Note Cont 12/01/2023 3.6% Due 3/1/2024 0.00 9,000.00 9,000.00 09/12/2023 Interest 3130ATHT7 1,300,000.00 FHLB Note 4.375% Due 9/12/2025 0.00 28,437.50 28,437.50 09/12/2023 Maturity 3135G0U43 1,000,000.00 FNMA Note 2.875% Due 9/12/2023 1,000,000.00 14,375.00 1,014,375.00 09/13/2023 Interest 46647PBH8 600,000.00 JP Morgan Chase & Co Callable Note Mthly 3/13/2025 2.005% Due 3/13/2026 0.00 6,015.00 6,015.00 09/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 09/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,506.23 3,434.25 17,940.48 09/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 09/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 09/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 09/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 09/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 09/30/2023 Interest 69371RS49 600,000.00 Paccar Financial Corp Note 4.45% Due 3/30/2026 0.00 13,350.00 13,350.00 09/30/2023 Interest 9128282Y5 1,000,000.00 US Treasury Note 2.125% Due 9/30/2024 0.00 10,625.00 10,625.00 09/30/2023 Interest 91282CAM3 500,000.00 US Treasury Note 0.25% Due 9/30/2025 0.00 625.00 625.00 SEP 2023 1,014,506.23 94,439.24 1,108,945.47 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 22 Cash Flow Report As of April 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2023 Interest 91282CBV2 1,000,000.00 US Treasury Note 0.375% Due 4/15/2024 0.00 1,875.00 1,875.00 10/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 10/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 10/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,566.79 3,373.69 17,940.48 10/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 10/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 10/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 10/22/2023 Interest 3133EMWV0 1,000,000.00 FFCB Note 0.35% Due 4/22/2024 0.00 1,750.00 1,750.00 10/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 10/26/2023 Interest 06406RBQ9 350,000.00 Bank of NY Mellon Corp Callable Note Cont 4/26/2026 4.947% Due 4/26/2027 0.00 8,657.25 8,657.25 10/26/2023 Interest 3136G46B4 1,200,000.00 FNMA Callable Note Qtrly 01/26/2024 0.35% Due 4/26/2024 0.00 2,100.00 2,100.00 10/31/2023 Interest 912828YM6 1,000,000.00 US Treasury Note 1.5% Due 10/31/2024 0.00 7,500.00 7,500.00 10/31/2023 Interest 91282CBW0 500,000.00 US Treasury Note 0.75% Due 4/30/2026 0.00 1,875.00 1,875.00 OCT 2023 14,566.79 35,708.43 50,275.22 11/03/2023 Interest 00440EAV9 500,000.00 Chubb INA Holdings Inc Callable Note Cont 2/3/2026 3.35% Due 5/3/2026 0.00 8,375.00 8,375.00 11/06/2023 Interest 3133EMYR7 1,000,000.00 FFCB Callable Note Cont 5/6/2022 0.375% Due 5/6/2024 0.00 1,875.00 1,875.00 11/11/2023 Interest 166764BW9 700,000.00 Chevron Corp Callable Note Cont 4/11/2025 1.554% Due 5/11/2025 0.00 5,439.00 5,439.00 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 23 Cash Flow Report As of April 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/15/2023 Interest 91282CCC3 1,000,000.00 US Treasury Note 0.25% Due 5/15/2024 0.00 1,250.00 1,250.00 11/15/2023 Interest 717081DM2 500,000.00 Pfizer Inc. Note 3.4% Due 5/15/2024 0.00 8,500.00 8,500.00 11/15/2023 Interest 74456QBS4 337,000.00 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 5/15/2027 0.00 5,055.00 5,055.00 11/15/2023 Maturity 91282CAW1 1,000,000.00 US Treasury Note 0.25% Due 11/15/2023 1,000,000.00 1,250.00 1,001,250.00 11/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 11/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 11/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,627.61 3,312.87 17,940.48 11/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 11/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 11/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 11/24/2023 Maturity 14912L5X5 1,000,000.00 Caterpillar Finance Serv Corp Note 3.75% Due 11/24/2023 1,000,000.00 18,750.00 1,018,750.00 11/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 11/30/2023 Interest 9128285N6 500,000.00 US Treasury Note 2.875% Due 11/30/2025 0.00 7,187.50 7,187.50 11/30/2023 Interest 9128286X3 500,000.00 US Treasury Note 2.125% Due 5/31/2026 0.00 5,312.50 5,312.50 11/30/2023 Interest 912828YV6 700,000.00 US Treasury Note 1.5% Due 11/30/2024 0.00 5,250.00 5,250.00 11/30/2023 Maturity 912828U57 650,000.00 US Treasury Note 2.125% Due 11/30/2023 650,000.00 6,906.25 656,906.25 NOV 2023 2,664,627.61 87,040.61 2,751,668.22 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 24 Cash Flow Report As of April 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/12/2023 Interest 3130ATUC9 1,000,000.00 FHLB Note 4.5% Due 12/12/2025 0.00 22,500.00 22,500.00 12/15/2023 Maturity 91282CBA8 1,200,000.00 US Treasury Note 0.125% Due 12/15/2023 1,200,000.00 750.00 1,200,750.00 12/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,688.68 3,251.80 17,940.48 12/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 12/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 12/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 12/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 12/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 12/23/2023 Interest 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021 0.35% Due 4/23/2024 0.00 1,750.00 1,750.00 12/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 12/31/2023 Interest 91282CGC9 1,000,000.00 US Treasury Note 3.875% Due 12/31/2027 0.00 19,375.00 19,375.00 12/31/2023 Interest 91282CCJ8 500,000.00 US Treasury Note 0.875% Due 6/30/2026 0.00 2,187.50 2,187.50 DEC 2023 1,214,688.68 58,391.79 1,273,080.47 01/02/2024 Interest 3135G0V75 750,000.00 FNMA Note 1.75% Due 7/2/2024 0.00 6,562.50 6,562.50 01/11/2024 Maturity 89236THU2 480,000.00 Toyota Motor Credit Corp Note 0.45% Due 1/11/2024 480,000.00 1,080.00 481,080.00 01/15/2024 Interest 756109AU8 500,000.00 Realty Income Corp Callable Note Cont 10/15/2027 3.65% Due 1/15/2028 0.00 9,125.00 9,125.00 01/15/2024 Interest 91282CGE5 1,000,000.00 US Treasury Note 3.875% Due 1/15/2026 0.00 19,375.00 19,375.00 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 25 Cash Flow Report As of April 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 01/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 01/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 01/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,750.00 3,190.48 17,940.48 01/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 01/17/2024 Maturity 24422EVN6 1,000,000.00 John Deere Capital Corp Note 0.45% Due 1/17/2024 1,000,000.00 2,250.00 1,002,250.00 01/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 01/23/2024 Maturity 693475AV7 900,000.00 PNC Financial Services Callable Note Cont 12/23/2023 3.5% Due 1/23/2024 900,000.00 15,750.00 915,750.00 01/23/2024 Maturity 17325FAS7 500,000.00 Citibank Callable Note Cont 12/23/2023 3.65% Due 1/23/2024 500,000.00 9,125.00 509,125.00 01/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 JAN 2024 2,894,750.00 75,035.47 2,969,785.47 02/05/2024 Maturity 91159HHV5 1,000,000.00 US Bancorp Callable Note Cont 1/5/2024 3.375% Due 2/5/2024 1,000,000.00 16,875.00 1,016,875.00 02/05/2024 Maturity 3135G0V34 600,000.00 FNMA Note 2.5% Due 2/5/2024 600,000.00 7,500.00 607,500.00 02/15/2024 Interest 912828D56 1,000,000.00 US Treasury Note 2.375% Due 8/15/2024 0.00 11,875.00 11,875.00 02/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 02/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,811.59 3,128.89 17,940.48 02/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 26 Cash Flow Report As of April 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 02/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 02/16/2024 Maturity 96130ASC3 375,000.00 Westpac Banking Corp NY Yankee CD 5.38% Due 2/16/2024 375,000.00 20,455.21 395,455.21 02/21/2024 Interest 3133EPBF1 1,000,000.00 FFCB Note 4.875% Due 8/21/2024 0.00 24,375.00 24,375.00 02/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 02/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 02/28/2024 Interest 3130AV7L0 1,100,000.00 FHLB Note 5% Due 2/28/2025 0.00 27,500.00 27,500.00 02/29/2024 Interest 91282CAJ0 1,200,000.00 US Treasury Note 0.25% Due 8/31/2025 0.00 1,500.00 1,500.00 02/29/2024 Interest 91282CBQ3 500,000.00 US Treasury Note 0.5% Due 2/28/2026 0.00 1,250.00 1,250.00 FEB 2024 1,989,811.59 123,036.59 2,112,848.18 03/01/2024 Maturity 713448CM8 500,000.00 Pepsico Inc. Callable Note Cont 12/01/2023 3.6% Due 3/1/2024 500,000.00 9,000.00 509,000.00 03/12/2024 Interest 3130ATHT7 1,300,000.00 FHLB Note 4.375% Due 9/12/2025 0.00 28,437.50 28,437.50 03/13/2024 Interest 46647PBH8 600,000.00 JP Morgan Chase & Co Callable Note Mthly 3/13/2025 2.005% Due 3/13/2026 0.00 6,015.00 6,015.00 03/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 03/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 03/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,873.42 3,067.06 17,940.48 03/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 27 Cash Flow Report As of April 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 03/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 03/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 03/30/2024 Interest 69371RS49 600,000.00 Paccar Financial Corp Note 4.45% Due 3/30/2026 0.00 13,350.00 13,350.00 03/31/2024 Interest 9128282Y5 1,000,000.00 US Treasury Note 2.125% Due 9/30/2024 0.00 10,625.00 10,625.00 03/31/2024 Interest 91282CAM3 500,000.00 US Treasury Note 0.25% Due 9/30/2025 0.00 625.00 625.00 MAR 2024 514,873.42 79,697.05 594,570.47 04/15/2024 Maturity 91282CBV2 1,000,000.00 US Treasury Note 0.375% Due 4/15/2024 1,000,000.00 1,875.00 1,001,875.00 04/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 04/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 04/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,935.51 3,004.97 17,940.48 04/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 04/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 04/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 04/22/2024 Maturity 3133EMWV0 1,000,000.00 FFCB Note 0.35% Due 4/22/2024 1,000,000.00 1,750.00 1,001,750.00 04/23/2024 Maturity 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021 0.35% Due 4/23/2024 1,000,000.00 1,166.67 1,001,166.67 04/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 28 Cash Flow Report As of April 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/26/2024 Interest 06406RBQ9 350,000.00 Bank of NY Mellon Corp Callable Note Cont 4/26/2026 4.947% Due 4/26/2027 0.00 8,657.25 8,657.25 04/26/2024 Maturity 3136G46B4 1,200,000.00 FNMA Callable Note Qtrly 01/26/2024 0.35% Due 4/26/2024 1,200,000.00 2,100.00 1,202,100.00 APR 2024 4,214,935.51 27,131.38 4,242,066.89 TOTAL 19,830,184.13 939,288.25 20,769,472.38 Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 29 Important DisclosuresCity of San Rafael Account #11045 Chandler Asset Management, Inc. ;͞Chandler͟Ϳis an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV). To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com. Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice. Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account. Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A. Performance: Performance results are presented gross-of-advisory fees and represent the client ͛s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio. Source ice Data Indices, LLC ("ICE"), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN "AS IS" BASIS; ICE, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN "AS IS" BASIS AND LICENSEE'S USE IS AT LICENSEE'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES. Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index. Ratings: Ratings information have been provided by Moody͛s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy. Security level ratings for U.S. Agency issued mortgage-backed securities ;͞MBS͟Ϳreflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody ͛s and Fitch respectively. Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 30 Benchmark Index & DisclosuresCity of San Rafael Account #11045 Benchmark Index Disclosure ICE BofA 1-3 Yr US Treasury & Agency Index The ICE BofA 1-3 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody ͛s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. Execution Time: 5/1/2023 11:48:42 PMChandler Asset Management - CONFIDENTIAL Page 31 MONTHLY ACCOUNT STATEMENT City of San Rafael - Account #11045 MAY 1, 2023 THROUGH MAY 31, 2023 Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures. CHANDLER ASSET MANAGEMENT chandlerasset.com Chandler Team: For questions about your account, please call (800) 317-4747, or contact operations@chandlerasset.com Custodian US Bank Alexander Bazan (503) 402-5305 ACCOUNT SUMMARY Beg. Values as of 4/30/23 End Values as of 5/31/23 Market Value 44,474,590 44,448,734 Accrued Interest 229,355 221,430 Total Market Value 44,703,945 44,670,165 Income Earned 77,677 84,429 Cont/WD -3,641 Par 45,490,127 45,614,391 Book Value 45,273,273 45,361,985 Cost Value 45,617,969 45,672,690 TOP ISSUERS Government of United States 38.5% Federal Home Loan Bank 11.1% Federal National Mortgage Assoc 7.8% Federal Farm Credit Bank 6.5% Federal Home Loan Mortgage Corp 3.2% Toyota Motor Corp 2.6% US Bancorp 2.2% Caterpillar Inc 2.2% Total 74.1% PORTFOLIO CHARACTERISTICS Average Modified Duration 1.50 Average Coupon 2.39% Average Purchase YTM 2.33% Average Market YTM 4.94% Average S&P/Moody Rating AA/Aa1 Average Final Maturity 1.77 yrs Average Life 1.60 yrs CREDIT QUALITY (S&P)MATURITY DISTRIBUTIONSECTOR ALLOCATION Portfolio Summary As of May 31, 2023 City of San Rafael Account #11045 PERFORMANCE REVIEW Annualized TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS 1/1/1900 City of San Rafael -0.07%1.41%N/A N/A N/A N/A N/A N/A N/A ICE BofA 1-3 Yr US Treasury & Agency Index -0.34%1.51%1.46%0.03%-1.44%-0.87%1.05%0.81%N/A Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 1 Holdings Report As of May 31, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration ABS 05593AAC3 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 435,000.00 Various 5.11% 435,745.64 435,642.86 99.63 5.49% 433,378.32 374.10 0.97% (2,264.54) Aaa / AAA NR 2.49 1.35 43815JAC7 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 120,000.00 02/16/2023 5.10% 119,977.70 119,979.58 100.06 5.06% 120,070.20 168.00 0.27% 90.62 Aaa / NR AAA 3.89 2.00 02582JJT8 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 600,000.00 04/17/2023 4.65% 585,632.81 586,448.91 97.20 4.95% 583,210.20 904.00 1.31% (3,238.71) NR / AAA AAA 3.96 1.84 58768PAC8 Mercedes-Benz Auto Receivables 2022- 1 A3 5.21% Due 8/16/2027 260,000.00 02/15/2023 5.02% 261,340.63 261,222.77 100.21 5.12% 260,534.56 602.04 0.58% (688.21) Aaa / AAA NR 4.21 1.44 89239HAD0 Toyota Auto Receivables Owner 20222- D A3 5.3% Due 9/15/2027 350,000.00 02/10/2023 4.82% 354,128.91 353,756.40 100.63 5.00% 352,216.55 824.44 0.79% (1,539.85) Aaa / NR AAA 4.30 1.77 47800CAC0 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 880,000.00 Various 4.95% 882,243.24 882,179.96 100.13 5.00% 881,124.64 1,959.46 1.98% (1,055.32) Aaa / NR AAA 4.46 1.97 05522RDF2 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 440,000.00 04/18/2023 4.59% 444,812.50 444,597.47 100.49 4.83% 442,174.04 977.78 0.99% (2,423.43) Aaa / AAA NR 4.88 2.25 Total ABS 3,085,000.00 4.86% 3,083,881.43 3,083,827.95 5.05% 3,072,708.51 5,809.82 6.89% (11,119.44) Aaa / AAA AAA 4.09 1.83 AGENCY 3135G0U43 FNMA Note 2.875% Due 9/12/2023 1,000,000.00 09/26/2019 1.63% 1,047,553.22 1,003,384.92 99.32 5.30% 993,203.00 6,309.03 2.24% (10,181.92) Aaa / AA+ AAA 0.28 0.28 3135G0V34 FNMA Note 2.5% Due 2/5/2024 600,000.00 10/24/2019 1.64% 621,262.80 603,383.03 98.10 5.39% 588,593.40 4,833.33 1.33% (14,789.63) Aaa / AA+ AAA 0.68 0.65 3133EMWV0 FFCB Note 0.35% Due 4/22/2024 1,000,000.00 05/03/2021 0.35% 1,000,000.00 1,000,000.00 95.99 5.00% 959,932.00 379.17 2.15% (40,068.00) Aaa / AA+ AAA 0.90 0.87 3130AMQQ8 FHLB Callable Note Qtrly 12/23/2021 0.35% Due 4/23/2024 1,000,000.00 06/23/2021 0.35% 1,000,000.00 1,000,000.00 95.62 5.42% 956,157.00 1,536.11 2.14% (43,843.00) Aaa / AA+ NR 0.90 0.87 3136G46B4 FNMA Callable Note Qtrly 01/26/2024 0.35% Due 4/26/2024 1,200,000.00 10/30/2020 0.36% 1,199,700.00 1,199,922.29 95.57 5.44% 1,146,874.80 408.33 2.57% (53,047.49) Aaa / AA+ AAA 0.91 0.88 3133EMYR7 FFCB Callable Note Cont 5/6/2022 0.375% Due 5/6/2024 1,000,000.00 05/06/2021 0.38% 1,000,000.00 1,000,000.00 95.44 5.47% 954,394.00 260.42 2.14% (45,606.00) Aaa / AA+ AAA 0.93 0.90 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 2 Holdings Report As of May 31, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration AGENCY 3135G0V75 FNMA Note 1.75% Due 7/2/2024 750,000.00 11/05/2019 1.65% 753,426.75 750,799.78 96.77 4.84% 725,763.75 5,432.29 1.64% (25,036.03) Aaa / AA+ AAA 1.09 1.05 3133EPBF1 FFCB Note 4.875% Due 8/21/2024 1,000,000.00 02/15/2023 4.98% 998,490.00 998,766.05 99.68 5.14% 996,811.00 13,541.67 2.26% (1,955.05) Aaa / AA+ AAA 1.23 1.16 3130AV7L0 FHLB Note 5% Due 2/28/2025 1,100,000.00 03/02/2023 5.07% 1,098,548.00 1,098,727.51 100.64 4.61% 1,107,018.00 13,444.44 2.51% 8,290.49 Aaa / AA+ AAA 1.75 1.64 3130ATHT7 FHLB Note 4.375% Due 9/12/2025 1,300,000.00 10/06/2022 4.29% 1,303,159.00 1,302,457.65 99.85 4.44% 1,298,021.40 12,480.90 2.93% (4,436.25) Aaa / AA+ NR 2.29 2.13 3130ATUC9 FHLB Note 4.5% Due 12/12/2025 1,000,000.00 02/13/2023 4.32% 1,004,720.00 1,004,230.62 100.52 4.28% 1,005,233.00 26,000.00 2.31% 1,002.38 Aaa / AA+ NR 2.54 2.31 3130ATUS4 FHLB Note 4.25% Due 12/10/2027 500,000.00 05/15/2023 3.66% 512,310.00 512,191.99 101.20 3.96% 505,976.50 12,218.75 1.16% (6,215.49) Aaa / AA+ NR 4.53 3.99 Total Agency 11,450,000.00 2.41% 11,539,169.77 11,473,863.84 4.95% 11,237,977.85 96,844.44 25.37% (235,885.99) Aaa / AA+ AAA 1.44 1.34 CMO 3137FETN0 FHLMC K073 A2 3.35% Due 1/25/2028 670,000.00 05/24/2023 4.34% 643,932.81 643,963.46 96.25 4.24% 644,867.63 374.08 1.44% 904.17 NR / NR AAA 4.66 4.13 3137FG6X8 FHLMC K077 A2 3.85% Due 5/25/2028 780,000.00 05/24/2023 4.65% 765,679.69 765,695.41 98.36 4.20% 767,205.66 500.50 1.72% 1,510.25 NR / NR AAA 4.99 4.37 Total CMO 1,450,000.00 4.51% 1,409,612.50 1,409,658.87 4.22% 1,412,073.29 874.58 3.16% 2,414.42 NR / NR AAA 4.84 4.26 CORPORATE 89236THA6 Toyota Motor Credit Corp Note 1.35% Due 8/25/2023 700,000.00 04/23/2021 0.43% 714,959.00 701,488.89 99.12 5.16% 693,814.10 2,520.00 1.56% (7,674.79) A1 / A+ A+ 0.24 0.23 14912L5X5 Caterpillar Finance Serv Corp Note 3.75% Due 11/24/2023 1,000,000.00 05/05/2021 0.35% 1,086,390.00 1,016,296.51 99.20 5.46% 991,959.00 729.17 2.22% (24,337.51) A2 / A A+ 0.48 0.47 89236THU2 Toyota Motor Credit Corp Note 0.45% Due 1/11/2024 480,000.00 09/27/2021 0.51% 479,342.40 479,823.80 97.06 5.40% 465,909.12 840.00 1.04% (13,914.68) A1 / A+ A+ 0.62 0.59 24422EVN6 John Deere Capital Corp Note 0.45% Due 1/17/2024 1,000,000.00 05/05/2021 0.40% 1,001,230.00 1,000,286.63 97.07 5.25% 970,721.00 1,675.00 2.18% (29,565.63) A2 / A A+ 0.63 0.61 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 3 Holdings Report As of May 31, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration CORPORATE 693475AV7 PNC Financial Services Callable Note Cont 12/23/2023 3.5% Due 1/23/2024 900,000.00 07/29/2019 1.99% 957,939.00 908,342.65 98.61 5.72% 887,510.70 11,200.00 2.01% (20,831.95) A3 / A- A 0.65 0.62 17325FAS7 Citibank Callable Note Cont 12/23/2023 3.65% Due 1/23/2024 500,000.00 05/19/2021 0.53% 541,470.00 509,996.85 98.80 5.56% 494,008.00 6,488.89 1.12% (15,988.85) Aa3 / A+ A+ 0.65 0.62 91159HHV5 US Bancorp Callable Note Cont 1/5/2024 3.375% Due 2/5/2024 1,000,000.00 05/04/2021 0.48% 1,079,130.00 1,019,566.41 98.35 5.89% 983,453.00 10,875.00 2.23% (36,113.41) A3 / A A+ 0.68 0.65 713448CM8 Pepsico Inc. Callable Note Cont 12/01/2023 3.6% Due 3/1/2024 500,000.00 06/23/2021 0.78% 537,465.00 510,453.57 98.73 5.34% 493,650.50 4,500.00 1.12% (16,803.07) A1 / A+ NR 0.75 0.72 717081DM2 Pfizer Inc. Note 3.4% Due 5/15/2024 500,000.00 09/27/2021 0.55% 537,160.00 513,495.15 98.19 5.37% 490,944.50 755.56 1.10% (22,550.65) A1 / A+ A 0.96 0.92 166764BW9 Chevron Corp Callable Note Cont 4/11/2025 1.554% Due 5/11/2025 700,000.00 05/12/2022 3.20% 667,380.00 678,849.13 94.30 4.65% 660,132.20 604.33 1.48% (18,716.93) Aa2 / AA- NR 1.95 1.88 46647PBH8 JP Morgan Chase & Co Callable Note Mthly 3/13/2025 2.005% Due 3/13/2026 600,000.00 04/05/2022 4.18% 577,518.00 584,115.64 94.09 5.52% 564,534.60 2,606.50 1.27% (19,581.04) A1 / A- AA- 2.79 1.71 69371RS49 Paccar Financial Corp Note 4.45% Due 3/30/2026 600,000.00 03/28/2023 4.47% 599,634.00 599,655.04 99.83 4.51% 598,974.00 4,524.17 1.35% (681.04) A1 / A+ NR 2.83 2.62 00440EAV9 Chubb INA Holdings Inc Callable Note Cont 2/3/2026 3.35% Due 5/3/2026 500,000.00 03/09/2023 5.09% 475,060.00 476,799.49 97.51 4.26% 487,538.00 1,302.78 1.09% 10,738.51 A3 / A A 2.93 2.74 341081GR2 Florida Power and Light Callable Note Cont 4/15/2026 4.45% Due 5/15/2026 550,000.00 05/18/2023 4.65% 547,030.00 547,057.27 99.44 4.65% 546,917.25 883.82 1.23% (140.02) A1 / A A+ 2.96 2.73 06406RBQ9 Bank of NY Mellon Corp Callable Note Cont 4/26/2026 4.947% Due 4/26/2027 350,000.00 04/19/2023 5.20% 350,497.00 350,484.75 99.67 5.06% 348,848.15 1,683.35 0.78% (1,636.60) A1 / A AA- 3.91 2.66 74456QBS4 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 5/15/2027 337,000.00 04/18/2023 4.48% 318,673.94 319,191.90 94.42 4.56% 318,196.41 449.33 0.71% (995.49) A1 / A NR 3.96 3.66 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 4 Holdings Report As of May 31, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration CORPORATE 756109AU8 Realty Income Corp Callable Note Cont 10/15/2027 3.65% Due 1/15/2028 500,000.00 04/10/2023 4.87% 474,240.00 474,980.66 94.07 5.10% 470,365.50 6,894.44 1.07% (4,615.16) A3 / A- NR 4.63 4.12 58933YBH7 Merck & Co Callable Note Cont 4/17/2028 4.05% Due 5/17/2028 130,000.00 05/08/2023 4.07% 129,894.70 129,895.56 99.46 4.17% 129,296.70 204.75 0.29% (598.86) A1 / A+ NR 4.97 4.38 Total Corporate 10,847,000.00 2.12% 11,075,013.04 10,820,779.90 5.21% 10,596,772.73 58,737.09 23.85% (224,007.17) A1 / A A+ 1.60 1.42 MONEY MARKET FUND 31846V807 First American Treasury MMF Class Y 607,390.92 Various 4.69% 607,390.92 607,390.92 1.00 4.69% 607,390.92 0.00 1.36% 0.00 Aaa / AA+ AAA 0.00 0.00 Total Money Market Fund 607,390.92 4.69% 607,390.92 607,390.92 4.69% 607,390.92 0.00 1.36% 0.00 Aaa / AA+ AAA 0.00 0.00 NEGOTIABLE CD 96130ASC3 Westpac Banking Corp NY Yankee CD 5.38% Due 2/16/2024 375,000.00 02/16/2023 5.34% 375,141.03 375,100.74 99.72 5.70% 373,943.63 5,884.38 0.85% (1,157.11) P-1 / A-1+ F-1 0.72 0.70 Total Negotiable CD 375,000.00 5.34% 375,141.03 375,100.74 5.70% 373,943.63 5,884.38 0.85% (1,157.11) P-1 / A-1+ F-1 0.72 0.70 US TREASURY 91282CCK5 US Treasury Note 0.125% Due 6/30/2023 800,000.00 01/13/2022 0.74% 792,846.43 799,610.78 99.59 5.06% 796,740.00 419.89 1.78% (2,870.78) Aaa / AA+ AAA 0.08 0.08 91282CCN9 US Treasury Note 0.125% Due 7/31/2023 1,000,000.00 01/13/2022 0.79% 989,808.04 998,915.75 99.13 5.32% 991,315.00 417.82 2.22% (7,600.75) Aaa / AA+ AAA 0.17 0.17 9128282D1 US Treasury Note 1.375% Due 8/31/2023 1,250,000.00 12/23/2021 0.61% 1,265,970.98 1,252,359.35 99.00 5.39% 1,237,548.75 4,343.58 2.78% (14,810.60) Aaa / AA+ AAA 0.25 0.25 91282CAW1 US Treasury Note 0.25% Due 11/15/2023 1,000,000.00 05/03/2021 0.25% 1,000,120.54 1,000,021.74 97.71 5.39% 977,109.00 115.49 2.19% (22,912.74) Aaa / AA+ AAA 0.46 0.45 912828U57 US Treasury Note 2.125% Due 11/30/2023 650,000.00 10/31/2019 1.67% 661,529.52 651,407.36 98.43 5.36% 639,767.70 37.74 1.43% (11,639.66) Aaa / AA+ AAA 0.50 0.49 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 5 Holdings Report As of May 31, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration US TREASURY 91282CBA8 US Treasury Note 0.125% Due 12/15/2023 1,200,000.00 10/07/2021 0.33% 1,194,566.52 1,198,660.33 97.26 5.32% 1,167,140.40 692.31 2.61% (31,519.93) Aaa / AA+ AAA 0.54 0.53 91282CBV2 US Treasury Note 0.375% Due 4/15/2024 1,000,000.00 05/03/2021 0.33% 1,001,175.22 1,000,347.77 95.86 5.28% 958,594.00 481.56 2.15% (41,753.77) Aaa / AA+ AAA 0.88 0.85 91282CCC3 US Treasury Note 0.25% Due 5/15/2024 1,000,000.00 05/17/2021 0.35% 996,878.35 999,004.15 95.36 5.29% 953,594.00 115.49 2.14% (45,410.15) Aaa / AA+ AAA 0.96 0.93 912828D56 US Treasury Note 2.375% Due 8/15/2024 1,000,000.00 12/28/2021 0.91% 1,038,011.16 1,017,443.21 96.95 5.00% 969,531.00 6,954.42 2.19% (47,912.21) Aaa / AA+ AAA 1.21 1.16 9128282Y5 US Treasury Note 2.125% Due 9/30/2024 1,000,000.00 08/25/2021 0.44% 1,051,800.23 1,022,285.08 96.47 4.89% 964,688.00 3,599.73 2.17% (57,597.08) Aaa / AA+ AAA 1.34 1.29 912828YM6 US Treasury Note 1.5% Due 10/31/2024 1,000,000.00 12/28/2021 0.97% 1,014,925.23 1,007,448.24 95.50 4.83% 955,000.00 1,304.35 2.14% (52,448.24) Aaa / AA+ AAA 1.42 1.37 912828YV6 US Treasury Note 1.5% Due 11/30/2024 700,000.00 09/10/2021 0.48% 722,889.06 710,656.93 95.33 4.76% 667,324.00 28.69 1.49% (43,332.93) Aaa / AA+ AAA 1.50 1.45 91282CAJ0 US Treasury Note 0.25% Due 8/31/2025 1,200,000.00 06/30/2022 3.15% 1,095,937.50 1,126,131.80 91.42 4.29% 1,097,016.00 758.15 2.46% (29,115.80) Aaa / AA+ AAA 2.25 2.20 91282CAM3 US Treasury Note 0.25% Due 9/30/2025 500,000.00 07/15/2022 3.12% 456,445.31 468,364.37 91.33 4.19% 456,660.00 211.75 1.02% (11,704.37) Aaa / AA+ AAA 2.34 2.28 9128285N6 US Treasury Note 2.875% Due 11/30/2025 500,000.00 07/15/2022 3.11% 496,212.61 497,197.82 96.89 4.20% 484,453.00 39.28 1.08% (12,744.82) Aaa / AA+ AAA 2.50 2.38 91282CGE5 US Treasury Note 3.875% Due 1/15/2026 1,000,000.00 02/06/2023 4.13% 992,929.69 993,680.87 99.30 4.16% 993,008.00 14,665.06 2.26% (672.87) Aaa / AA+ AAA 2.63 2.43 91282CBQ3 US Treasury Note 0.5% Due 2/28/2026 500,000.00 07/15/2022 3.09% 455,839.84 466,546.34 90.71 4.11% 453,554.50 631.79 1.02% (12,991.84) Aaa / AA+ AAA 2.75 2.68 91282CBW0 US Treasury Note 0.75% Due 4/30/2026 500,000.00 09/30/2022 4.17% 443,595.43 454,117.38 90.98 4.06% 454,902.50 326.09 1.02% 785.12 Aaa / AA+ AAA 2.92 2.83 9128286X3 US Treasury Note 2.125% Due 5/31/2026 500,000.00 09/30/2022 4.14% 465,958.71 472,161.90 94.62 4.05% 473,105.50 29.03 1.06% 943.60 Aaa / AA+ AAA 3.00 2.86 91282CCJ8 US Treasury Note 0.875% Due 6/30/2026 500,000.00 09/30/2022 4.15% 443,595.43 453,648.55 91.07 3.98% 455,332.00 1,837.02 1.02% 1,683.45 Aaa / AA+ AAA 3.08 2.98 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 6 Holdings Report As of May 31, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration US TREASURY 91282CGC9 US Treasury Note 3.875% Due 12/31/2027 1,000,000.00 02/06/2023 3.84% 1,001,445.31 1,001,353.16 100.15 3.84% 1,001,484.00 16,270.72 2.28% 130.84 Aaa / AA+ AAA 4.59 4.10 Total US Treasury 17,800,000.00 1.65% 17,582,481.11 17,591,362.88 4.80% 17,147,867.35 53,279.96 38.51% (443,495.53) Aaa / AA+ AAA 1.51 1.44 TOTAL PORTFOLIO 45,614,390.92 2.33% 45,672,689.80 45,361,985.10 4.94% 44,448,734.28 221,430.27 100.00% (913,250.82) Aa1 / AA AAA 1.77 1.50 TOTAL MARKET VALUE PLUS ACCRUED 44,670,164.55 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 7 Transaction Ledger As of May 31, 2023 City of San Rafael Account #11045 Transaction Type Settlement Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss ACQUISITIONS Purchase 05/01/2023 31846V807 9,433.21 First American Treasury MMF Class Y 1.000 4.44%9,433.21 0.00 9,433.21 0.00 Purchase 05/03/2023 31846V807 14,375.00 First American Treasury MMF Class Y 1.000 4.44%14,375.00 0.00 14,375.00 0.00 Purchase 05/03/2023 31846V807 500,000.00 First American Treasury MMF Class Y 1.000 4.44%500,000.00 0.00 500,000.00 0.00 Purchase 05/06/2023 31846V807 1,875.00 First American Treasury MMF Class Y 1.000 4.44%1,875.00 0.00 1,875.00 0.00 Purchase 05/10/2023 31846V807 9,750.00 First American Treasury MMF Class Y 1.000 4.44%9,750.00 0.00 9,750.00 0.00 Purchase 05/10/2023 31846V807 1,000,000.00 First American Treasury MMF Class Y 1.000 4.44%1,000,000.00 0.00 1,000,000.00 0.00 Purchase 05/11/2023 31846V807 5,439.00 First American Treasury MMF Class Y 1.000 4.44%5,439.00 0.00 5,439.00 0.00 Purchase 05/15/2023 31846V807 16,055.00 First American Treasury MMF Class Y 1.000 4.44%16,055.00 0.00 16,055.00 0.00 Purchase 05/15/2023 31846V807 3,674.00 First American Treasury MMF Class Y 1.000 4.44%3,674.00 0.00 3,674.00 0.00 Purchase 05/15/2023 31846V807 1,695.00 First American Treasury MMF Class Y 1.000 4.44%1,695.00 0.00 1,695.00 0.00 Purchase 05/15/2023 31846V807 1,545.83 First American Treasury MMF Class Y 1.000 4.44%1,545.83 0.00 1,545.83 0.00 Purchase 05/15/2023 31846V807 1,128.83 First American Treasury MMF Class Y 1.000 4.44%1,128.83 0.00 1,128.83 0.00 Purchase 05/15/2023 31846V807 1,833.33 First American Treasury MMF Class Y 1.000 4.44%1,833.33 0.00 1,833.33 0.00 Purchase 05/16/2023 3130ATUS4 500,000.00 FHLB Note 4.25% Due 12/10/2027 102.462 3.66%512,310.00 11,333.33 523,643.33 0.00 Purchase 05/17/2023 58933YBH7 130,000.00 Merck & Co Callable Note Cont 4/17/2028 4.05% Due 5/17/2028 99.919 4.07%129,894.70 0.00 129,894.70 0.00 Purchase 05/22/2023 31846V807 504.00 First American Treasury MMF Class Y 1.000 4.44%504.00 0.00 504.00 0.00 Purchase 05/22/2023 341081GR2 550,000.00 Florida Power and Light Callable Note Cont 4/15/2026 4.45% Due 5/15/2026 99.460 4.65%547,030.00 271.94 547,301.94 0.00 Purchase 05/24/2023 31846V807 18,750.00 First American Treasury MMF Class Y 1.000 4.44%18,750.00 0.00 18,750.00 0.00 Purchase 05/25/2023 31846V807 1,870.50 First American Treasury MMF Class Y 1.000 4.44%1,870.50 0.00 1,870.50 0.00 Purchase 05/30/2023 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 96.109 4.34%643,932.81 1,808.07 645,740.88 0.00 Purchase 05/30/2023 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 98.164 4.65%765,679.69 2,419.08 768,098.77 0.00 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 8 Transaction Ledger As of May 31, 2023 City of San Rafael Account #11045 Transaction Type Settlement Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss ACQUISITIONS Purchase 05/31/2023 31846V807 24,656.25 First American Treasury MMF Class Y 1.000 4.69%24,656.25 0.00 24,656.25 0.00 Subtotal 4,242,584.95 4,211,432.15 15,832.42 4,227,264.57 0.00 TOTAL ACQUISITIONS 4,242,584.95 4,211,432.15 15,832.42 4,227,264.57 0.00 DISPOSITIONS Sale 05/16/2023 31846V807 523,643.33 First American Treasury MMF Class Y 1.000 4.44%523,643.33 0.00 523,643.33 0.00 Sale 05/17/2023 31846V807 129,894.70 First American Treasury MMF Class Y 1.000 4.44%129,894.70 0.00 129,894.70 0.00 Sale 05/22/2023 31846V807 547,301.94 First American Treasury MMF Class Y 1.000 4.44%547,301.94 0.00 547,301.94 0.00 Sale 05/30/2023 31846V807 1,413,839.65 First American Treasury MMF Class Y 1.000 4.44%1,413,839.65 0.00 1,413,839.65 0.00 Subtotal 2,614,679.62 2,614,679.62 0.00 2,614,679.62 0.00 Paydown 05/15/2023 02582JJT8 0.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 100.000 0.00 1,695.00 1,695.00 0.00 Paydown 05/15/2023 05522RDF2 0.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 100.000 0.00 1,833.33 1,833.33 0.00 Paydown 05/15/2023 47800CAC0 0.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 100.000 0.00 3,674.00 3,674.00 0.00 Paydown 05/15/2023 58768PAC8 0.00 Mercedes-Benz Auto Receivables 2022- 1 A3 5.21% Due 8/16/2027 100.000 0.00 1,128.83 1,128.83 0.00 Paydown 05/15/2023 89239HAD0 0.00 Toyota Auto Receivables Owner 20222- D A3 5.3% Due 9/15/2027 100.000 0.00 1,545.83 1,545.83 0.00 Paydown 05/22/2023 43815JAC7 0.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 100.000 0.00 504.00 504.00 0.00 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 9 Transaction Ledger As of May 31, 2023 City of San Rafael Account #11045 Transaction Type Settlement Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss DISPOSITIONS Paydown 05/25/2023 05593AAC3 0.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 100.000 0.00 1,870.50 1,870.50 0.00 Subtotal 0.00 0.00 12,251.49 12,251.49 0.00 Maturity 05/03/2023 037833AK6 500,000.00 Apple Inc Note 2.4% Due 5/3/2023 100.000 500,000.00 0.00 500,000.00 0.00 Maturity 05/10/2023 02665WDH1 1,000,000.00 American Honda Finance Note 1.95% Due 5/10/2023 100.000 1,000,000.00 0.00 1,000,000.00 0.00 Subtotal 1,500,000.00 1,500,000.00 0.00 1,500,000.00 0.00 Security Withdrawal 05/10/2023 31846V807 3,391.46 First American Treasury MMF Class Y 1.000 3,391.46 0.00 3,391.46 0.00 Security Withdrawal 05/25/2023 31846V807 250.00 First American Treasury MMF Class Y 1.000 250.00 0.00 250.00 0.00 Subtotal 3,641.46 3,641.46 0.00 3,641.46 0.00 TOTAL DISPOSITIONS 4,118,321.08 4,118,321.08 12,251.49 4,130,572.57 0.00 OTHER TRANSACTIONS Interest 05/03/2023 00440EAV9 500,000.00 Chubb INA Holdings Inc Callable Note Cont 2/3/2026 3.35% Due 5/3/2026 0.000 8,375.00 0.00 8,375.00 0.00 Interest 05/03/2023 037833AK6 500,000.00 Apple Inc Note 2.4% Due 5/3/2023 0.000 6,000.00 0.00 6,000.00 0.00 Interest 05/06/2023 3133EMYR7 1,000,000.00 FFCB Callable Note Cont 5/6/2022 0.375% Due 5/6/2024 0.000 1,875.00 0.00 1,875.00 0.00 Interest 05/10/2023 02665WDH1 1,000,000.00 American Honda Finance Note 1.95% Due 5/10/2023 0.000 9,750.00 0.00 9,750.00 0.00 Interest 05/11/2023 166764BW9 700,000.00 Chevron Corp Callable Note Cont 4/11/2025 1.554% Due 5/11/2025 0.000 5,439.00 0.00 5,439.00 0.00 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 10 Transaction Ledger As of May 31, 2023 City of San Rafael Account #11045 Transaction Type Settlement Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss OTHER TRANSACTIONS Interest 05/15/2023 717081DM2 500,000.00 Pfizer Inc. Note 3.4% Due 5/15/2024 0.000 8,500.00 0.00 8,500.00 0.00 Interest 05/15/2023 74456QBS4 337,000.00 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 5/15/2027 0.000 5,055.00 0.00 5,055.00 0.00 Interest 05/15/2023 91282CAW1 1,000,000.00 US Treasury Note 0.25% Due 11/15/2023 0.000 1,250.00 0.00 1,250.00 0.00 Interest 05/15/2023 91282CCC3 1,000,000.00 US Treasury Note 0.25% Due 5/15/2024 0.000 1,250.00 0.00 1,250.00 0.00 Interest 05/24/2023 14912L5X5 1,000,000.00 Caterpillar Finance Serv Corp Note 3.75% Due 11/24/2023 0.000 18,750.00 0.00 18,750.00 0.00 Interest 05/31/2023 9128285N6 500,000.00 US Treasury Note 2.875% Due 11/30/2025 0.000 7,187.50 0.00 7,187.50 0.00 Interest 05/31/2023 9128286X3 500,000.00 US Treasury Note 2.125% Due 5/31/2026 0.000 5,312.50 0.00 5,312.50 0.00 Interest 05/31/2023 912828U57 650,000.00 US Treasury Note 2.125% Due 11/30/2023 0.000 6,906.25 0.00 6,906.25 0.00 Interest 05/31/2023 912828YV6 700,000.00 US Treasury Note 1.5% Due 11/30/2024 0.000 5,250.00 0.00 5,250.00 0.00 Subtotal 9,887,000.00 90,900.25 0.00 90,900.25 0.00 Dividend 05/01/2023 31846V807 1,613,127.05 First American Treasury MMF Class Y 0.000 9,433.21 0.00 9,433.21 0.00 Subtotal 1,613,127.05 9,433.21 0.00 9,433.21 0.00 TOTAL OTHER TRANSACTIONS 11,500,127.05 100,333.46 0.00 100,333.46 0.00 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 11 Income Earned As of May 31, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income FIXED INCOME 00440EAV9 Chubb INA Holdings Inc Callable Note Cont 2/3/2026 3.35% Due 05/03/2026 03/09/2023 03/13/2023 500,000.00 476,125.44 0.00 0.00 476,799.49 8,281.94 8,375.00 1,302.78 1,395.84 674.05 0.00 674.05 2,069.89 2,069.89 02582JJT8 American Express Credit Trust 2022-2 A 3.39% Due 05/17/2027 04/17/2023 04/19/2023 600,000.00 585,860.56 0.00 0.00 586,448.91 904.00 1,695.00 904.00 1,695.00 588.35 0.00 588.35 2,283.35 2,283.35 02665WDH1 American Honda Finance Note Due 05/10/2023 05/05/2021 05/05/2021 0.00 1,000,385.84 0.00 1,000,000.00 0.00 9,262.50 9,750.00 0.00 487.50 0.00 385.84 (385.84) 101.66 101.66 037833AK6 Apple Inc Note Due 05/03/2023 09/19/2019 09/19/2019 0.00 500,010.41 0.00 500,000.00 0.00 5,933.33 6,000.00 0.00 66.67 0.00 10.41 (10.41) 56.26 56.26 05522RDF2 Bank of America Credit Card Tr 2022-A2 A2 5% Due 04/15/2028 04/18/2023 04/20/2023 440,000.00 444,756.18 0.00 0.00 444,597.47 977.78 1,833.33 977.78 1,833.33 0.00 158.71 (158.71) 1,674.62 1,674.62 05593AAC3 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 Various 02/15/2023 435,000.00 435,672.92 0.00 0.00 435,642.86 374.10 1,870.50 374.10 1,870.50 0.06 30.12 (30.06) 1,840.44 1,840.44 06406RBQ9 Bank of NY Mellon Corp Callable Note Cont 4/26/2026 4.947% Due 04/26/2027 04/19/2023 04/26/2023 350,000.00 350,495.30 0.00 0.00 350,484.75 240.48 0.00 1,683.35 1,442.87 0.00 10.55 (10.55) 1,432.32 1,432.32 14912L5X5 Caterpillar Finance Serv Corp Note 3.75% Due 11/24/2023 05/05/2021 05/05/2021 1,000,000.00 1,019,166.91 0.00 0.00 1,016,296.51 16,354.17 18,750.00 729.17 3,125.00 0.00 2,870.40 (2,870.40) 254.60 254.60 166764BW9 Chevron Corp Callable Note Cont 4/11/2025 1.554% Due 05/11/2025 05/12/2022 05/12/2022 700,000.00 677,925.64 0.00 0.00 678,849.13 5,136.83 5,439.00 604.33 906.50 923.49 0.00 923.49 1,829.99 1,829.99 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 12 Income Earned As of May 31, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 17325FAS7 Citibank Callable Note Cont 12/23/2023 3.65% Due 01/23/2024 05/19/2021 05/19/2021 500,000.00 511,310.00 0.00 0.00 509,996.85 4,968.06 0.00 6,488.89 1,520.83 0.00 1,313.15 (1,313.15) 207.68 207.68 24422EVN6 John Deere Capital Corp Note 0.45% Due 01/17/2024 05/05/2021 05/05/2021 1,000,000.00 1,000,325.26 0.00 0.00 1,000,286.63 1,300.00 0.00 1,675.00 375.00 0.00 38.63 (38.63) 336.37 336.37 3130AMQQ8 FHLB Callable Note Qtrly 12/23/2021 0.35% Due 04/23/2024 06/23/2021 06/23/2021 1,000,000.00 1,000,000.00 0.00 0.00 1,000,000.00 1,244.44 0.00 1,536.11 291.67 0.00 0.00 0.00 291.67 291.67 3130ATHT7 FHLB Note 4.375% Due 09/12/2025 10/06/2022 10/06/2022 1,300,000.00 1,302,549.01 0.00 0.00 1,302,457.65 7,741.32 0.00 12,480.90 4,739.58 0.00 91.36 (91.36) 4,648.22 4,648.22 3130ATUC9 FHLB Note 4.5% Due 12/12/2025 02/13/2023 02/14/2023 1,000,000.00 1,004,372.40 0.00 0.00 1,004,230.62 22,250.00 0.00 26,000.00 3,750.00 0.00 141.78 (141.78) 3,608.22 3,608.22 3130ATUS4 FHLB Note 4.25% Due 12/10/2027 05/15/2023 05/16/2023 500,000.00 0.00 512,310.00 0.00 512,191.99 0.00 (11,333.33) 12,218.75 885.42 0.00 118.01 (118.01) 767.41 767.41 3130AV7L0 FHLB Note 5% Due 02/28/2025 03/02/2023 03/03/2023 1,100,000.00 1,098,665.68 0.00 0.00 1,098,727.51 8,861.11 0.00 13,444.44 4,583.33 61.83 0.00 61.83 4,645.16 4,645.16 3133EMWV0 FFCB Note 0.35% Due 04/22/2024 05/03/2021 05/03/2021 1,000,000.00 1,000,000.00 0.00 0.00 1,000,000.00 87.50 0.00 379.17 291.67 0.00 0.00 0.00 291.67 291.67 3133EMYR7 FFCB Callable Note Cont 5/6/2022 0.375% Due 05/06/2024 05/06/2021 05/06/2021 1,000,000.00 1,000,000.00 0.00 0.00 1,000,000.00 1,822.92 1,875.00 260.42 312.50 0.00 0.00 0.00 312.50 312.50 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 13 Income Earned As of May 31, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 3133EPBF1 FFCB Note 4.875% Due 08/21/2024 02/15/2023 02/21/2023 1,000,000.00 998,680.48 0.00 0.00 998,766.05 9,479.17 0.00 13,541.67 4,062.50 85.57 0.00 85.57 4,148.07 4,148.07 3135G0U43 FNMA Note 2.875% Due 09/12/2023 09/26/2019 09/26/2019 1,000,000.00 1,004,403.68 0.00 0.00 1,003,384.92 3,913.19 0.00 6,309.03 2,395.84 0.00 1,018.76 (1,018.76) 1,377.08 1,377.08 3135G0V34 FNMA Note 2.5% Due 02/05/2024 10/24/2019 10/24/2019 600,000.00 603,804.21 0.00 0.00 603,383.03 3,583.33 0.00 4,833.33 1,250.00 0.00 421.18 (421.18) 828.82 828.82 3135G0V75 FNMA Note 1.75% Due 07/02/2024 11/05/2019 11/05/2019 750,000.00 750,862.23 0.00 0.00 750,799.78 4,338.54 0.00 5,432.29 1,093.75 0.00 62.45 (62.45) 1,031.30 1,031.30 3136G46B4 FNMA Callable Note Qtrly 01/26/2024 0.35% Due 04/26/2024 10/30/2020 10/30/2020 1,200,000.00 1,199,914.99 0.00 0.00 1,199,922.29 58.33 0.00 408.33 350.00 7.30 0.00 7.30 357.30 357.30 3137FETN0 FHLMC K073 A2 3.35% Due 01/25/2028 05/24/2023 05/30/2023 670,000.00 0.00 643,932.81 0.00 643,963.46 0.00 (1,808.07) 374.08 (1,433.99) 30.65 0.00 30.65 (1,403.34) (1,403.34) 3137FG6X8 FHLMC K077 A2 3.85% Due 05/25/2028 05/24/2023 05/30/2023 780,000.00 0.00 765,679.69 0.00 765,695.41 0.00 (2,419.08) 500.50 (1,918.58) 15.72 0.00 15.72 (1,902.86) (1,902.86) 341081GR2 Florida Power and Light Callable Note Cont 4/15/2026 4.45% Due 05/15/2026 05/18/2023 05/22/2023 550,000.00 0.00 547,030.00 0.00 547,057.27 0.00 (271.94) 883.82 611.88 27.27 0.00 27.27 639.15 639.15 43815JAC7 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 04/21/2027 02/16/2023 02/24/2023 120,000.00 119,978.98 0.00 0.00 119,979.58 168.00 504.00 168.00 504.00 0.60 0.00 0.60 504.60 504.60 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 14 Income Earned As of May 31, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 46647PBH8 JP Morgan Chase & Co Callable Note Mthly 3/13/2025 2.005% Due 03/13/2026 04/05/2022 04/05/2022 600,000.00 583,630.98 0.00 0.00 584,115.64 1,604.00 0.00 2,606.50 1,002.50 484.66 0.00 484.66 1,487.16 1,487.16 47800CAC0 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 Various Various 880,000.00 882,221.47 0.00 0.00 882,179.96 1,959.46 3,674.00 1,959.46 3,674.00 0.76 42.27 (41.51) 3,632.49 3,632.49 58768PAC8 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 08/16/2027 02/15/2023 02/17/2023 260,000.00 261,257.90 0.00 0.00 261,222.77 602.04 1,128.83 602.04 1,128.83 0.00 35.13 (35.13) 1,093.70 1,093.70 58933YBH7 Merck & Co Callable Note Cont 4/17/2028 4.05% Due 05/17/2028 05/08/2023 05/17/2023 130,000.00 0.00 129,894.70 0.00 129,895.56 0.00 0.00 204.75 204.75 0.86 0.00 0.86 205.61 205.61 693475AV7 PNC Financial Services Callable Note Cont 12/23/2023 3.5% Due 01/23/2024 07/29/2019 07/29/2019 900,000.00 909,438.51 0.00 0.00 908,342.65 8,575.00 0.00 11,200.00 2,625.00 0.00 1,095.86 (1,095.86) 1,529.14 1,529.14 69371RS49 Paccar Financial Corp Note 4.45% Due 03/30/2026 03/28/2023 03/30/2023 600,000.00 599,644.69 0.00 0.00 599,655.04 2,299.17 0.00 4,524.17 2,225.00 10.35 0.00 10.35 2,235.35 2,235.35 713448CM8 Pepsico Inc. Callable Note Cont 12/01/2023 3.6% Due 03/01/2024 06/23/2021 06/23/2021 500,000.00 511,636.28 0.00 0.00 510,453.57 3,000.00 0.00 4,500.00 1,500.00 0.00 1,182.71 (1,182.71) 317.29 317.29 717081DM2 Pfizer Inc. Note 3.4% Due 05/15/2024 09/27/2021 09/27/2021 500,000.00 514,693.86 0.00 0.00 513,495.15 7,838.89 8,500.00 755.56 1,416.67 0.00 1,198.71 (1,198.71) 217.96 217.96 74456QBS4 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 05/15/2027 04/18/2023 04/20/2023 337,000.00 318,809.60 0.00 0.00 319,191.90 4,661.83 5,055.00 449.33 842.50 382.30 0.00 382.30 1,224.80 1,224.80 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 15 Income Earned As of May 31, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 756109AU8 Realty Income Corp Callable Note Cont 10/15/2027 3.65% Due 01/15/2028 04/10/2023 04/12/2023 500,000.00 474,521.45 0.00 0.00 474,980.66 5,373.61 0.00 6,894.44 1,520.83 459.21 0.00 459.21 1,980.04 1,980.04 89236THA6 Toyota Motor Credit Corp Note 1.35% Due 08/25/2023 04/23/2021 04/23/2021 700,000.00 702,031.90 0.00 0.00 701,488.89 1,732.50 0.00 2,520.00 787.50 0.00 543.01 (543.01) 244.49 244.49 89236THU2 Toyota Motor Credit Corp Note 0.45% Due 01/11/2024 09/27/2021 09/27/2021 480,000.00 479,799.42 0.00 0.00 479,823.80 660.00 0.00 840.00 180.00 24.38 0.00 24.38 204.38 204.38 89239HAD0 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 09/15/2027 02/10/2023 02/14/2023 350,000.00 353,864.33 0.00 0.00 353,756.40 824.44 1,545.83 824.44 1,545.83 0.00 107.93 (107.93) 1,437.90 1,437.90 91159HHV5 US Bancorp Callable Note Cont 1/5/2024 3.375% Due 02/05/2024 05/04/2021 05/04/2021 1,000,000.00 1,022,002.38 0.00 0.00 1,019,566.41 8,062.50 0.00 10,875.00 2,812.50 0.00 2,435.97 (2,435.97) 376.53 376.53 9128282D1 US Treasury Note 1.375% Due 08/31/2023 12/23/2021 12/23/2021 1,250,000.00 1,253,163.08 0.00 0.00 1,252,359.35 2,895.72 0.00 4,343.58 1,447.86 0.00 803.73 (803.73) 644.13 644.13 9128282Y5 US Treasury Note 2.125% Due 09/30/2024 08/25/2021 08/25/2021 1,000,000.00 1,023,703.64 0.00 0.00 1,022,285.08 1,799.86 0.00 3,599.73 1,799.87 0.00 1,418.56 (1,418.56) 381.31 381.31 9128285N6 US Treasury Note 2.875% Due 11/30/2025 07/15/2022 07/15/2022 500,000.00 497,102.68 0.00 0.00 497,197.82 6,002.75 7,187.50 39.28 1,224.03 95.14 0.00 95.14 1,319.17 1,319.17 9128286X3 US Treasury Note 2.125% Due 05/31/2026 09/30/2022 09/30/2022 500,000.00 471,373.79 0.00 0.00 472,161.90 4,436.81 5,312.50 29.03 904.72 788.11 0.00 788.11 1,692.83 1,692.83 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 16 Income Earned As of May 31, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 912828D56 US Treasury Note 2.375% Due 08/15/2024 12/28/2021 12/28/2021 1,000,000.00 1,018,669.37 0.00 0.00 1,017,443.21 4,920.58 0.00 6,954.42 2,033.84 0.00 1,226.16 (1,226.16) 807.68 807.68 912828U57 US Treasury Note 2.125% Due 11/30/2023 10/31/2019 10/31/2019 650,000.00 651,647.07 0.00 0.00 651,407.36 5,767.86 6,906.25 37.74 1,176.13 0.00 239.71 (239.71) 936.42 936.42 912828YM6 US Treasury Note 1.5% Due 10/31/2024 12/28/2021 12/28/2021 1,000,000.00 1,007,893.98 0.00 0.00 1,007,448.24 40.76 0.00 1,304.35 1,263.59 0.00 445.74 (445.74) 817.85 817.85 912828YV6 US Treasury Note 1.5% Due 11/30/2024 09/10/2021 09/10/2021 700,000.00 711,259.78 0.00 0.00 710,656.93 4,384.62 5,250.00 28.69 894.07 0.00 602.85 (602.85) 291.22 291.22 91282CAJ0 US Treasury Note 0.25% Due 08/31/2025 06/30/2022 06/30/2022 1,200,000.00 1,123,346.02 0.00 0.00 1,126,131.80 505.43 0.00 758.15 252.72 2,785.78 0.00 2,785.78 3,038.50 3,038.50 91282CAM3 US Treasury Note 0.25% Due 09/30/2025 07/15/2022 07/15/2022 500,000.00 467,213.31 0.00 0.00 468,364.37 105.87 0.00 211.75 105.88 1,151.06 0.00 1,151.06 1,256.94 1,256.94 91282CAW1 US Treasury Note 0.25% Due 11/15/2023 05/03/2021 05/03/2021 1,000,000.00 1,000,025.77 0.00 0.00 1,000,021.74 1,153.31 1,250.00 115.49 212.18 0.00 4.03 (4.03) 208.15 208.15 91282CBA8 US Treasury Note 0.125% Due 12/15/2023 10/07/2021 10/07/2021 1,200,000.00 1,198,449.52 0.00 0.00 1,198,660.33 564.56 0.00 692.31 127.75 210.81 0.00 210.81 338.56 338.56 91282CBQ3 US Treasury Note 0.5% Due 02/28/2026 07/15/2022 07/15/2022 500,000.00 465,512.38 0.00 0.00 466,546.34 421.20 0.00 631.79 210.59 1,033.96 0.00 1,033.96 1,244.55 1,244.55 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 17 Income Earned As of May 31, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 91282CBV2 US Treasury Note 0.375% Due 04/15/2024 05/03/2021 05/03/2021 1,000,000.00 1,000,381.56 0.00 0.00 1,000,347.77 163.93 0.00 481.56 317.63 0.00 33.79 (33.79) 283.84 283.84 91282CBW0 US Treasury Note 0.75% Due 04/30/2026 09/30/2022 09/30/2022 500,000.00 452,780.58 0.00 0.00 454,117.38 10.19 0.00 326.09 315.90 1,336.80 0.00 1,336.80 1,652.70 1,652.70 91282CCC3 US Treasury Note 0.25% Due 05/15/2024 05/17/2021 05/17/2021 1,000,000.00 998,915.70 0.00 0.00 999,004.15 1,153.31 1,250.00 115.49 212.18 88.45 0.00 88.45 300.63 300.63 91282CCJ8 US Treasury Note 0.875% Due 06/30/2026 09/30/2022 09/30/2022 500,000.00 452,371.31 0.00 0.00 453,648.55 1,462.36 0.00 1,837.02 374.66 1,277.24 0.00 1,277.24 1,651.90 1,651.90 91282CCK5 US Treasury Note 0.125% Due 06/30/2023 01/13/2022 01/13/2022 800,000.00 799,194.72 0.00 0.00 799,610.78 334.25 0.00 419.89 85.64 416.06 0.00 416.06 501.70 501.70 91282CCN9 US Treasury Note 0.125% Due 07/31/2023 01/13/2022 01/13/2022 1,000,000.00 998,355.55 0.00 0.00 998,915.75 310.77 0.00 417.82 107.05 560.20 0.00 560.20 667.25 667.25 91282CGC9 US Treasury Note 3.875% Due 12/31/2027 02/06/2023 02/07/2023 1,000,000.00 1,001,378.22 0.00 0.00 1,001,353.16 12,952.35 0.00 16,270.72 3,318.37 0.00 25.06 (25.06) 3,293.31 3,293.31 91282CGE5 US Treasury Note 3.875% Due 01/15/2026 02/06/2023 02/07/2023 1,000,000.00 993,476.60 0.00 0.00 993,680.87 11,346.69 0.00 14,665.06 3,318.37 204.27 0.00 204.27 3,522.64 3,522.64 Total Fixed Income 44,632,000.00 43,285,033.52 2,598,847.20 1,500,000.00 44,379,493.44 225,207.66 87,319.32 215,545.89 77,657.55 13,725.29 18,112.57 (4,387.28) 73,270.27 73,270.27 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 18 Income Earned As of May 31, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income CASH & EQUIVALENT 31846V807 First American Treasury MMF Class Y Various Various 607,390.92 1,613,127.05 1,612,584.95 2,618,321.08 607,390.92 0.00 9,433.21 0.00 9,433.21 0.00 0.00 0.00 9,433.21 9,433.21 96130ASC3 Westpac Banking Corp NY Yankee CD 5.38% Due 02/16/2024 02/16/2023 02/17/2023 375,000.00 375,112.75 0.00 0.00 375,100.74 4,147.08 0.00 5,884.38 1,737.30 0.00 12.01 (12.01) 1,725.29 1,725.29 Total Cash & Equivalent 982,390.92 1,988,239.80 1,612,584.95 2,618,321.08 982,491.66 4,147.08 9,433.21 5,884.38 11,170.51 0.00 12.01 (12.01) 11,158.50 11,158.50 TOTAL PORTFOLIO 45,614,390.92 45,273,273.32 4,211,432.15 4,118,321.08 45,361,985.10 229,354.74 96,752.53 221,430.27 88,828.06 13,725.29 18,124.58 (4,399.29) 84,428.77 84,428.77 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 19 Cash Flow Report As of May 31, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/10/2023 Interest 3130ATUS4 500,000.00 FHLB Note 4.25% Due 12/10/2027 0.00 12,750.00 12,750.00 06/12/2023 Interest 3130ATUC9 1,000,000.00 FHLB Note 4.5% Due 12/12/2025 0.00 27,375.00 27,375.00 06/15/2023 Interest 91282CBA8 1,200,000.00 US Treasury Note 0.125% Due 12/15/2023 0.00 750.00 750.00 06/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 06/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,562.12 3,674.00 18,236.12 06/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 06/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 06/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 06/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 06/23/2023 Interest 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021 0.35% Due 4/23/2024 0.00 1,750.00 1,750.00 06/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 11,646.11 2,502.50 14,148.61 06/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 06/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 06/30/2023 Interest 91282CCJ8 500,000.00 US Treasury Note 0.875% Due 6/30/2026 0.00 2,187.50 2,187.50 06/30/2023 Interest 91282CGC9 1,000,000.00 US Treasury Note 3.875% Due 12/31/2027 0.00 19,375.00 19,375.00 06/30/2023 Maturity 91282CCK5 800,000.00 US Treasury Note 0.125% Due 6/30/2023 800,000.00 500.00 800,500.00 JUN 2023 826,208.23 81,311.91 907,520.14 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 20 Cash Flow Report As of May 31, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/02/2023 Interest 3135G0V75 750,000.00 FNMA Note 1.75% Due 7/2/2024 0.00 6,562.50 6,562.50 07/11/2023 Interest 89236THU2 480,000.00 Toyota Motor Credit Corp Note 0.45% Due 1/11/2024 0.00 1,080.00 1,080.00 07/15/2023 Interest 91282CGE5 1,000,000.00 US Treasury Note 3.875% Due 1/15/2026 0.00 19,375.00 19,375.00 07/15/2023 Interest 756109AU8 500,000.00 Realty Income Corp Callable Note Cont 10/15/2027 3.65% Due 1/15/2028 0.00 9,125.00 9,125.00 07/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 07/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 07/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 07/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,622.92 3,613.20 18,236.12 07/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 07/17/2023 Interest 24422EVN6 1,000,000.00 John Deere Capital Corp Note 0.45% Due 1/17/2024 0.00 2,250.00 2,250.00 07/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 07/23/2023 Interest 17325FAS7 500,000.00 Citibank Callable Note Cont 12/23/2023 3.65% Due 1/23/2024 0.00 9,125.00 9,125.00 07/23/2023 Interest 693475AV7 900,000.00 PNC Financial Services Callable Note Cont 12/23/2023 3.5% Due 1/23/2024 0.00 15,750.00 15,750.00 07/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 11,688.81 2,465.14 14,153.95 07/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 07/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 21 Cash Flow Report As of May 31, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/31/2023 Maturity 91282CCN9 1,000,000.00 US Treasury Note 0.125% Due 7/31/2023 1,000,000.00 625.00 1,000,625.00 JUL 2023 1,026,311.73 80,418.75 1,106,730.48 08/05/2023 Interest 3135G0V34 600,000.00 FNMA Note 2.5% Due 2/5/2024 0.00 7,500.00 7,500.00 08/05/2023 Interest 91159HHV5 1,000,000.00 US Bancorp Callable Note Cont 1/5/2024 3.375% Due 2/5/2024 0.00 16,875.00 16,875.00 08/15/2023 Interest 912828D56 1,000,000.00 US Treasury Note 2.375% Due 8/15/2024 0.00 11,875.00 11,875.00 08/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 08/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 08/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 08/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,683.97 3,552.15 18,236.12 08/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 08/21/2023 Interest 3133EPBF1 1,000,000.00 FFCB Note 4.875% Due 8/21/2024 0.00 24,375.00 24,375.00 08/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 08/25/2023 Maturity 89236THA6 700,000.00 Toyota Motor Credit Corp Note 1.35% Due 8/25/2023 700,000.00 4,725.00 704,725.00 08/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 08/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 08/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 11,731.68 2,427.63 14,159.31 08/28/2023 Interest 3130AV7L0 1,100,000.00 FHLB Note 5% Due 2/28/2025 0.00 26,736.11 26,736.11 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 22 Cash Flow Report As of May 31, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/31/2023 Interest 91282CAJ0 1,200,000.00 US Treasury Note 0.25% Due 8/31/2025 0.00 1,500.00 1,500.00 08/31/2023 Interest 91282CBQ3 500,000.00 US Treasury Note 0.5% Due 2/28/2026 0.00 1,250.00 1,250.00 08/31/2023 Maturity 9128282D1 1,250,000.00 US Treasury Note 1.375% Due 8/31/2023 1,250,000.00 8,593.75 1,258,593.75 AUG 2023 1,976,415.65 119,857.55 2,096,273.20 09/01/2023 Interest 713448CM8 500,000.00 Pepsico Inc. Callable Note Cont 12/01/2023 3.6% Due 3/1/2024 0.00 9,000.00 9,000.00 09/12/2023 Interest 3130ATHT7 1,300,000.00 FHLB Note 4.375% Due 9/12/2025 0.00 28,437.50 28,437.50 09/12/2023 Maturity 3135G0U43 1,000,000.00 FNMA Note 2.875% Due 9/12/2023 1,000,000.00 14,375.00 1,014,375.00 09/13/2023 Interest 46647PBH8 600,000.00 JP Morgan Chase & Co Callable Note Mthly 3/13/2025 2.005% Due 3/13/2026 0.00 6,015.00 6,015.00 09/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 09/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 09/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,745.28 3,490.84 18,236.12 09/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 09/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 09/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 09/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 09/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 09/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 11,774.70 2,389.99 14,164.69 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 23 Cash Flow Report As of May 31, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/30/2023 Interest 69371RS49 600,000.00 Paccar Financial Corp Note 4.45% Due 3/30/2026 0.00 13,350.00 13,350.00 09/30/2023 Interest 9128282Y5 1,000,000.00 US Treasury Note 2.125% Due 9/30/2024 0.00 10,625.00 10,625.00 09/30/2023 Interest 91282CAM3 500,000.00 US Treasury Note 0.25% Due 9/30/2025 0.00 625.00 625.00 SEP 2023 1,026,519.98 98,756.24 1,125,276.22 10/15/2023 Interest 91282CBV2 1,000,000.00 US Treasury Note 0.375% Due 4/15/2024 0.00 1,875.00 1,875.00 10/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 10/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 10/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 10/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,806.84 3,429.28 18,236.12 10/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 10/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 10/22/2023 Interest 3133EMWV0 1,000,000.00 FFCB Note 0.35% Due 4/22/2024 0.00 1,750.00 1,750.00 10/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 10/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 11,817.86 2,352.22 14,170.08 10/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 10/26/2023 Interest 3136G46B4 1,200,000.00 FNMA Callable Note Qtrly 01/26/2024 0.35% Due 4/26/2024 0.00 2,100.00 2,100.00 10/26/2023 Interest 06406RBQ9 350,000.00 Bank of NY Mellon Corp Callable Note Cont 4/26/2026 4.947% Due 4/26/2027 0.00 8,657.25 8,657.25 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 24 Cash Flow Report As of May 31, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/31/2023 Interest 912828YM6 1,000,000.00 US Treasury Note 1.5% Due 10/31/2024 0.00 7,500.00 7,500.00 10/31/2023 Interest 91282CBW0 500,000.00 US Treasury Note 0.75% Due 4/30/2026 0.00 1,875.00 1,875.00 OCT 2023 26,624.70 39,986.66 66,611.36 11/03/2023 Interest 00440EAV9 500,000.00 Chubb INA Holdings Inc Callable Note Cont 2/3/2026 3.35% Due 5/3/2026 0.00 8,375.00 8,375.00 11/06/2023 Interest 3133EMYR7 1,000,000.00 FFCB Callable Note Cont 5/6/2022 0.375% Due 5/6/2024 0.00 1,875.00 1,875.00 11/11/2023 Interest 166764BW9 700,000.00 Chevron Corp Callable Note Cont 4/11/2025 1.554% Due 5/11/2025 0.00 5,439.00 5,439.00 11/15/2023 Interest 91282CCC3 1,000,000.00 US Treasury Note 0.25% Due 5/15/2024 0.00 1,250.00 1,250.00 11/15/2023 Interest 341081GR2 550,000.00 Florida Power and Light Callable Note Cont 4/15/2026 4.45% Due 5/15/2026 0.00 12,033.54 12,033.54 11/15/2023 Interest 717081DM2 500,000.00 Pfizer Inc. Note 3.4% Due 5/15/2024 0.00 8,500.00 8,500.00 11/15/2023 Interest 74456QBS4 337,000.00 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 5/15/2027 0.00 5,055.00 5,055.00 11/15/2023 Maturity 91282CAW1 1,000,000.00 US Treasury Note 0.25% Due 11/15/2023 1,000,000.00 1,250.00 1,001,250.00 11/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 11/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 11/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 11/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,868.66 3,367.46 18,236.12 11/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 11/17/2023 Interest 58933YBH7 130,000.00 Merck & Co Callable Note Cont 4/17/2028 4.05% Due 5/17/2028 0.00 2,632.50 2,632.50 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 25 Cash Flow Report As of May 31, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 11/24/2023 Maturity 14912L5X5 1,000,000.00 Caterpillar Finance Serv Corp Note 3.75% Due 11/24/2023 1,000,000.00 18,750.00 1,018,750.00 11/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 11/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 11,861.20 2,314.30 14,175.50 11/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 11/30/2023 Interest 9128285N6 500,000.00 US Treasury Note 2.875% Due 11/30/2025 0.00 7,187.50 7,187.50 11/30/2023 Interest 9128286X3 500,000.00 US Treasury Note 2.125% Due 5/31/2026 0.00 5,312.50 5,312.50 11/30/2023 Interest 912828YV6 700,000.00 US Treasury Note 1.5% Due 11/30/2024 0.00 5,250.00 5,250.00 11/30/2023 Maturity 912828U57 650,000.00 US Treasury Note 2.125% Due 11/30/2023 650,000.00 6,906.25 656,906.25 NOV 2023 2,676,729.86 105,945.96 2,782,675.82 12/10/2023 Interest 3130ATUS4 500,000.00 FHLB Note 4.25% Due 12/10/2027 0.00 10,625.00 10,625.00 12/12/2023 Interest 3130ATUC9 1,000,000.00 FHLB Note 4.5% Due 12/12/2025 0.00 22,500.00 22,500.00 12/15/2023 Maturity 91282CBA8 1,200,000.00 US Treasury Note 0.125% Due 12/15/2023 1,200,000.00 750.00 1,200,750.00 12/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,930.72 3,305.40 18,236.12 12/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 12/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 12/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 26 Cash Flow Report As of May 31, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 12/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 12/23/2023 Interest 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021 0.35% Due 4/23/2024 0.00 1,750.00 1,750.00 12/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 12/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 11,904.69 2,276.25 14,180.94 12/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 12/31/2023 Interest 91282CGC9 1,000,000.00 US Treasury Note 3.875% Due 12/31/2027 0.00 19,375.00 19,375.00 12/31/2023 Interest 91282CCJ8 500,000.00 US Treasury Note 0.875% Due 6/30/2026 0.00 2,187.50 2,187.50 DEC 2023 1,226,835.41 73,217.06 1,300,052.47 01/02/2024 Interest 3135G0V75 750,000.00 FNMA Note 1.75% Due 7/2/2024 0.00 6,562.50 6,562.50 01/11/2024 Maturity 89236THU2 480,000.00 Toyota Motor Credit Corp Note 0.45% Due 1/11/2024 480,000.00 1,080.00 481,080.00 01/15/2024 Interest 756109AU8 500,000.00 Realty Income Corp Callable Note Cont 10/15/2027 3.65% Due 1/15/2028 0.00 9,125.00 9,125.00 01/15/2024 Interest 91282CGE5 1,000,000.00 US Treasury Note 3.875% Due 1/15/2026 0.00 19,375.00 19,375.00 01/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 01/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 01/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 01/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,993.06 3,243.06 18,236.12 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 27 Cash Flow Report As of May 31, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 01/17/2024 Maturity 24422EVN6 1,000,000.00 John Deere Capital Corp Note 0.45% Due 1/17/2024 1,000,000.00 2,250.00 1,002,250.00 01/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 01/23/2024 Maturity 17325FAS7 500,000.00 Citibank Callable Note Cont 12/23/2023 3.65% Due 1/23/2024 500,000.00 9,125.00 509,125.00 01/23/2024 Maturity 693475AV7 900,000.00 PNC Financial Services Callable Note Cont 12/23/2023 3.5% Due 1/23/2024 900,000.00 15,750.00 915,750.00 01/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 01/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 01/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 11,948.34 2,238.05 14,186.39 JAN 2024 2,906,941.40 79,196.52 2,986,137.92 02/05/2024 Maturity 3135G0V34 600,000.00 FNMA Note 2.5% Due 2/5/2024 600,000.00 7,500.00 607,500.00 02/05/2024 Maturity 91159HHV5 1,000,000.00 US Bancorp Callable Note Cont 1/5/2024 3.375% Due 2/5/2024 1,000,000.00 16,875.00 1,016,875.00 02/15/2024 Interest 912828D56 1,000,000.00 US Treasury Note 2.375% Due 8/15/2024 0.00 11,875.00 11,875.00 02/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 15,055.66 3,180.46 18,236.12 02/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 02/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 02/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 02/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 28 Cash Flow Report As of May 31, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/16/2024 Maturity 96130ASC3 375,000.00 Westpac Banking Corp NY Yankee CD 5.38% Due 2/16/2024 375,000.00 20,455.21 395,455.21 02/21/2024 Interest 3133EPBF1 1,000,000.00 FFCB Note 4.875% Due 8/21/2024 0.00 24,375.00 24,375.00 02/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 02/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 11,992.15 2,199.72 14,191.87 02/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 02/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 02/28/2024 Interest 3130AV7L0 1,100,000.00 FHLB Note 5% Due 2/28/2025 0.00 27,500.00 27,500.00 02/29/2024 Interest 91282CAJ0 1,200,000.00 US Treasury Note 0.25% Due 8/31/2025 0.00 1,500.00 1,500.00 02/29/2024 Interest 91282CBQ3 500,000.00 US Treasury Note 0.5% Due 2/28/2026 0.00 1,250.00 1,250.00 FEB 2024 2,002,047.81 127,158.30 2,129,206.11 03/01/2024 Maturity 713448CM8 500,000.00 Pepsico Inc. Callable Note Cont 12/01/2023 3.6% Due 3/1/2024 500,000.00 9,000.00 509,000.00 03/12/2024 Interest 3130ATHT7 1,300,000.00 FHLB Note 4.375% Due 9/12/2025 0.00 28,437.50 28,437.50 03/13/2024 Interest 46647PBH8 600,000.00 JP Morgan Chase & Co Callable Note Mthly 3/13/2025 2.005% Due 3/13/2026 0.00 6,015.00 6,015.00 03/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 03/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 03/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 15,118.51 3,117.61 18,236.12 03/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 29 Cash Flow Report As of May 31, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 03/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 03/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 03/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 12,036.13 2,161.24 14,197.37 03/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 03/30/2024 Interest 69371RS49 600,000.00 Paccar Financial Corp Note 4.45% Due 3/30/2026 0.00 13,350.00 13,350.00 03/31/2024 Interest 9128282Y5 1,000,000.00 US Treasury Note 2.125% Due 9/30/2024 0.00 10,625.00 10,625.00 03/31/2024 Interest 91282CAM3 500,000.00 US Treasury Note 0.25% Due 9/30/2025 0.00 625.00 625.00 MAR 2024 527,154.64 83,779.26 610,933.90 04/15/2024 Maturity 91282CBV2 1,000,000.00 US Treasury Note 0.375% Due 4/15/2024 1,000,000.00 1,875.00 1,001,875.00 04/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 15,181.64 3,054.48 18,236.12 04/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 04/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 04/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 04/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 04/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 04/22/2024 Maturity 3133EMWV0 1,000,000.00 FFCB Note 0.35% Due 4/22/2024 1,000,000.00 1,750.00 1,001,750.00 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 30 Cash Flow Report As of May 31, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/23/2024 Maturity 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021 0.35% Due 4/23/2024 1,000,000.00 1,166.67 1,001,166.67 04/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 04/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 04/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 12,080.25 2,122.63 14,202.88 04/26/2024 Interest 06406RBQ9 350,000.00 Bank of NY Mellon Corp Callable Note Cont 4/26/2026 4.947% Due 4/26/2027 0.00 8,657.25 8,657.25 04/26/2024 Maturity 3136G46B4 1,200,000.00 FNMA Callable Note Qtrly 01/26/2024 0.35% Due 4/26/2024 1,200,000.00 2,100.00 1,202,100.00 04/30/2024 Interest 912828YM6 1,000,000.00 US Treasury Note 1.5% Due 10/31/2024 0.00 7,500.00 7,500.00 04/30/2024 Interest 91282CBW0 500,000.00 US Treasury Note 0.75% Due 4/30/2026 0.00 1,875.00 1,875.00 APR 2024 4,227,261.89 40,548.94 4,267,810.83 05/03/2024 Interest 00440EAV9 500,000.00 Chubb INA Holdings Inc Callable Note Cont 2/3/2026 3.35% Due 5/3/2026 0.00 8,375.00 8,375.00 05/06/2024 Maturity 3133EMYR7 1,000,000.00 FFCB Callable Note Cont 5/6/2022 0.375% Due 5/6/2024 1,000,000.00 1,875.00 1,001,875.00 05/11/2024 Interest 166764BW9 700,000.00 Chevron Corp Callable Note Cont 4/11/2025 1.554% Due 5/11/2025 0.00 5,439.00 5,439.00 05/15/2024 Interest 74456QBS4 337,000.00 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 5/15/2027 0.00 5,055.00 5,055.00 05/15/2024 Interest 341081GR2 550,000.00 Florida Power and Light Callable Note Cont 4/15/2026 4.45% Due 5/15/2026 0.00 12,237.50 12,237.50 05/15/2024 Maturity 717081DM2 500,000.00 Pfizer Inc. Note 3.4% Due 5/15/2024 500,000.00 8,500.00 508,500.00 05/15/2024 Maturity 91282CCC3 1,000,000.00 US Treasury Note 0.25% Due 5/15/2024 1,000,000.00 1,250.00 1,001,250.00 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 31 Cash Flow Report As of May 31, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 05/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 15,245.02 2,991.10 18,236.12 05/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 05/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 05/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 05/17/2024 Interest 58933YBH7 130,000.00 Merck & Co Callable Note Cont 4/17/2028 4.05% Due 5/17/2028 0.00 2,632.50 2,632.50 05/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 05/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 05/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 05/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 12,124.55 2,083.87 14,208.42 MAY 2024 2,527,369.57 60,886.88 2,588,256.45 TOTAL 20,976,420.87 991,064.03 21,967,484.90 Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 32 Important DisclosuresCity of San Rafael Account #11045 Chandler Asset Management, Inc. ;͞Chandler͟Ϳis an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV). To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com. Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice. Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account. Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A. Performance: Performance results are presented gross-of-advisory fees and represent the client ͛s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio. Source ice Data Indices, LLC ("ICE"), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN "AS IS" BASIS; ICE, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN "AS IS" BASIS AND LICENSEE'S USE IS AT LICENSEE'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES. Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index. Ratings: Ratings information have been provided by Moody͛s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy. Security level ratings for U.S. Agency issued mortgage-backed securities ;͞MBS͟Ϳreflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody ͛s and Fitch respectively. Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 33 Benchmark Index & DisclosuresCity of San Rafael Account #11045 Benchmark Index Disclosure ICE BofA 1-3 Yr US Treasury & Agency Index The ICE BofA 1-3 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody ͛s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. Execution Time: 6/1/2023 11:21:44 PMChandler Asset Management - CONFIDENTIAL Page 34 MONTHLY ACCOUNT STATEMENT City of San Rafael - Account #11045 JUNE 1, 2023 THROUGH JUNE 30, 2023 Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures. CHANDLER ASSET MANAGEMENT chandlerasset.com Chandler Team: For questions about your account, please call (800) 317-4747, or contact operations@chandlerasset.com Custodian US Bank Alexander Bazan (503) 402-5305 ACCOUNT SUMMARY Beg. Values as of 5/31/23 End Values as of 6/30/23 Market Value 44,448,734 44,356,892 Accrued Interest 221,430 226,475 Total Market Value 44,670,165 44,583,366 Income Earned 84,429 99,992 Cont/WD -3,646 Par 45,614,391 45,741,916 Book Value 45,361,985 45,406,911 Cost Value 45,672,690 45,690,591 TOP ISSUERS Government of United States 34.4% Federal Home Loan Bank 13.8% Federal Home Loan Mortgage Corp 7.2% Federal Farm Credit Bank 6.6% Federal National Mortgage Assoc 5.6% Toyota Motor Corp 2.6% US Bancorp 2.2% Caterpillar Inc 2.2% Total 74.6% PORTFOLIO CHARACTERISTICS Average Modified Duration 1.63 Average Coupon 2.65% Average Purchase YTM 2.65% Average Market YTM 5.16% Average S&P/Moody Rating AA/Aa1 Average Final Maturity 1.92 yrs Average Life 1.75 yrs CREDIT QUALITY (S&P)MATURITY DISTRIBUTIONSECTOR ALLOCATION Portfolio Summary As of June 30, 2023 City of San Rafael Account #11045 PERFORMANCE REVIEW Annualized TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS 6/30/2023 City of San Rafael N/A N/A N/A N/A N/A N/A N/A N/A N/A ICE BofA 1-3 Yr US Treasury & Agency Index N/A N/A N/A N/A N/A N/A N/A N/A N/A Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 1 Holdings Report As of June 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration ABS 05593AAC3 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 435,000.00 Various 5.11% 435,745.64 435,613.77 99.33 5.75% 432,075.93 374.10 0.97% (3,537.84) Aaa / AAA NR 2.41 1.26 43815JAC7 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 120,000.00 02/16/2023 5.10% 119,977.70 119,980.16 99.35 5.43% 119,222.88 168.00 0.27% (757.28) Aaa / NR AAA 3.81 1.92 02582JJT8 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 600,000.00 04/17/2023 4.65% 585,632.81 587,018.29 96.51 5.43% 579,035.40 904.00 1.30% (7,982.89) NR / AAA AAA 3.88 1.75 58768PAC8 Mercedes-Benz Auto Receivables 2022- 1 A3 5.21% Due 8/16/2027 260,000.00 02/15/2023 5.02% 261,340.63 261,188.78 99.54 5.56% 258,808.16 602.04 0.58% (2,380.62) Aaa / AAA NR 4.13 1.57 89239HAD0 Toyota Auto Receivables Owner 20222- D A3 5.3% Due 9/15/2027 350,000.00 02/10/2023 4.82% 354,128.91 353,651.96 99.88 5.42% 349,565.65 824.44 0.79% (4,086.31) Aaa / NR AAA 4.21 1.93 47800CAC0 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 880,000.00 Various 4.95% 882,243.24 882,139.79 99.11 5.53% 872,156.66 1,959.46 1.96% (9,983.13) Aaa / NR AAA 4.38 1.92 05522RDF2 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 440,000.00 04/18/2023 4.59% 444,812.50 444,443.88 99.50 5.28% 437,795.16 977.78 0.98% (6,648.72) Aaa / AAA NR 4.80 2.17 Total ABS 3,085,000.00 4.86% 3,083,881.43 3,084,036.63 5.49% 3,048,659.84 5,809.82 6.85% (35,376.79) Aaa / AAA AAA 4.00 1.80 AGENCY 3135G0V34 FNMA Note 2.5% Due 2/5/2024 600,000.00 10/24/2019 1.64% 621,262.80 602,975.43 98.23 5.55% 589,376.40 6,083.33 1.34% (13,599.03) Aaa / AA+ AAA 0.60 0.57 3133EMWV0 FFCB Note 0.35% Due 4/22/2024 1,000,000.00 05/03/2021 0.35% 1,000,000.00 1,000,000.00 96.10 5.33% 960,978.00 670.83 2.16% (39,022.00) Aaa / AA+ AAA 0.81 0.79 3130AMQQ8 FHLB Callable Note Qtrly 12/23/2021 0.35% Due 4/23/2024 1,000,000.00 06/23/2021 0.35% 1,000,000.00 1,000,000.00 95.87 5.62% 958,664.00 77.78 2.15% (41,336.00) Aaa / AA+ NR 0.82 0.79 3136G46B4 FNMA Callable Note Qtrly 01/26/2024 0.35% Due 4/26/2024 1,200,000.00 10/30/2020 0.36% 1,199,700.00 1,199,929.36 95.98 5.42% 1,151,728.80 758.33 2.59% (48,200.56) Aaa / AA+ AAA 0.82 0.80 3133EMYR7 FFCB Callable Note Cont 5/6/2022 0.375% Due 5/6/2024 1,000,000.00 05/06/2021 0.38% 1,000,000.00 1,000,000.00 95.70 5.62% 957,047.00 572.92 2.15% (42,953.00) Aaa / AA+ AAA 0.85 0.83 3135G0V75 FNMA Note 1.75% Due 7/2/2024 750,000.00 11/05/2019 1.65% 753,426.75 750,739.34 96.43 5.44% 723,240.00 6,526.04 1.64% (27,499.34) Aaa / AA+ AAA 1.01 0.97 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 2 Holdings Report As of June 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration AGENCY 3133EPBF1 FFCB Note 4.875% Due 8/21/2024 1,000,000.00 02/15/2023 4.98% 998,490.00 998,848.87 99.23 5.57% 992,314.00 17,604.17 2.27% (6,534.87) Aaa / AA+ AAA 1.15 1.08 3130AV7L0 FHLB Note 5% Due 2/28/2025 1,100,000.00 03/02/2023 5.07% 1,098,548.00 1,098,787.34 99.73 5.17% 1,097,037.70 18,027.78 2.50% (1,749.64) Aaa / AA+ AAA 1.67 1.55 3130AWER7 FHLB Note 4.625% Due 6/6/2025 775,000.00 06/09/2023 4.67% 774,356.75 774,373.61 99.28 5.02% 769,442.48 1,891.75 1.73% (4,931.13) Aaa / AA+ NR 1.94 1.82 3130ATHT7 FHLB Note 4.375% Due 9/12/2025 1,300,000.00 10/06/2022 4.29% 1,303,159.00 1,302,369.25 98.82 4.94% 1,284,702.90 17,220.49 2.92% (17,666.35) Aaa / AA+ NR 2.21 2.04 3130ATUC9 FHLB Note 4.5% Due 12/12/2025 1,000,000.00 02/13/2023 4.32% 1,004,720.00 1,004,093.41 99.14 4.87% 991,429.00 2,375.00 2.23% (12,664.41) Aaa / AA+ NR 2.45 2.29 3130AWGR5 FHLB Note 4.375% Due 6/12/2026 525,000.00 06/28/2023 4.43% 524,165.25 524,166.80 99.53 4.55% 522,522.53 638.02 1.17% (1,644.27) Aaa / AA+ AA+ 2.95 2.73 3130ATUS4 FHLB Note 4.25% Due 12/10/2027 500,000.00 05/15/2023 3.66% 512,310.00 511,970.72 99.66 4.34% 498,284.50 1,239.58 1.12% (13,686.22) Aaa / AA+ NR 4.45 4.00 Total Agency 11,750,000.00 2.72% 11,790,138.55 11,768,254.13 5.23% 11,496,767.31 73,686.02 25.95% (271,486.82) Aaa / AA+ AAA 1.56 1.46 CMO 3137BVZ82 FHLMC K063 3.43% Due 1/25/2027 700,000.00 06/07/2023 4.55% 674,542.97 674,908.57 95.56 4.82% 668,891.30 2,000.83 1.50% (6,017.27) NR / NR AAA 3.58 3.14 3137F1G44 FHLMC K065 A2 3.243% Due 4/25/2027 450,000.00 06/08/2023 4.42% 431,736.33 431,969.15 95.00 4.70% 427,496.40 1,216.13 0.96% (4,472.75) NR / NR AAA 3.82 3.42 3137FBBX3 FHLMC K068 A2 3.244% Due 8/25/2027 240,000.00 06/08/2023 4.38% 229,940.63 230,060.54 94.54 4.71% 226,897.92 648.80 0.51% (3,162.62) Aaa / NR NR 4.16 3.72 3137FBU79 FHLMC K069 A2 3.187% Due 9/25/2027 500,000.00 06/09/2023 4.98% 476,601.56 476,855.89 94.32 4.70% 471,595.50 1,327.92 1.06% (5,260.39) NR / AAA NR 4.24 3.75 3137FETN0 FHLMC K073 A2 3.35% Due 1/25/2028 670,000.00 05/24/2023 4.34% 643,932.81 644,423.20 94.79 4.64% 635,076.25 374.08 1.43% (9,346.95) NR / NR AAA 4.58 4.05 3137FG6X8 FHLMC K077 A2 3.85% Due 5/25/2028 780,000.00 05/24/2023 4.65% 765,679.69 765,931.20 96.83 4.57% 755,294.28 500.50 1.70% (10,636.92) NR / NR AAA 4.91 4.29 Total CMO 3,340,000.00 4.57% 3,222,433.99 3,224,148.55 4.68% 3,185,251.65 6,068.26 7.16% (38,896.90) Aaa / AAA AAA 4.26 3.76 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 3 Holdings Report As of June 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration CORPORATE 89236THA6 Toyota Motor Credit Corp Note 1.35% Due 8/25/2023 700,000.00 04/23/2021 0.43% 714,959.00 700,963.40 99.47 4.79% 696,323.60 3,307.50 1.57% (4,639.80) A1 / A+ A+ 0.15 0.15 14912L5X5 Caterpillar Finance Serv Corp Note 3.75% Due 11/24/2023 1,000,000.00 05/05/2021 0.35% 1,086,390.00 1,013,518.69 99.31 5.50% 993,065.00 3,854.17 2.24% (20,453.69) A2 / A A+ 0.40 0.39 89236THU2 Toyota Motor Credit Corp Note 0.45% Due 1/11/2024 480,000.00 09/27/2021 0.51% 479,342.40 479,847.40 97.36 5.57% 467,328.00 1,020.00 1.05% (12,519.40) A1 / A+ A+ 0.53 0.52 693475AV7 PNC Financial Services Callable Note Cont 12/23/2023 3.5% Due 1/23/2024 900,000.00 07/29/2019 1.99% 957,939.00 907,282.14 98.74 5.80% 888,669.90 13,825.00 2.02% (18,612.24) A3 / A- A 0.57 0.54 17325FAS7 Citibank Callable Note Cont 12/23/2023 3.65% Due 1/23/2024 500,000.00 05/19/2021 0.53% 541,470.00 508,726.07 98.85 5.75% 494,229.50 8,009.72 1.13% (14,496.57) Aa3 / A+ A+ 0.57 0.54 91159HHV5 US Bancorp Callable Note Cont 1/5/2024 3.375% Due 2/5/2024 1,000,000.00 05/04/2021 0.48% 1,079,130.00 1,017,209.01 98.55 5.88% 985,494.00 13,687.50 2.24% (31,715.01) A3 / A A 0.60 0.57 713448CM8 Pepsico Inc. Callable Note Cont 12/01/2023 3.6% Due 3/1/2024 500,000.00 06/23/2021 0.78% 537,465.00 509,309.02 98.73 5.55% 493,666.00 6,000.00 1.12% (15,643.02) A1 / A+ NR 0.67 0.64 717081DM2 Pfizer Inc. Note 3.4% Due 5/15/2024 500,000.00 09/27/2021 0.55% 537,160.00 512,335.11 97.85 5.96% 489,234.00 2,172.22 1.10% (23,101.11) A1 / A+ A 0.88 0.84 166764BW9 Chevron Corp Callable Note Cont 4/11/2025 1.554% Due 5/11/2025 700,000.00 05/12/2022 3.20% 667,380.00 679,742.83 93.70 5.14% 655,916.80 1,510.83 1.47% (23,826.03) Aa2 / AA- NR 1.87 1.79 46647PBH8 JP Morgan Chase & Co Callable Note Mthly 3/13/2025 2.005% Due 3/13/2026 600,000.00 04/05/2022 4.19% 577,518.00 584,584.66 93.92 5.80% 563,526.00 3,609.00 1.27% (21,058.66) A1 / A- AA- 2.70 1.62 69371RS49 Paccar Financial Corp Note 4.45% Due 3/30/2026 600,000.00 03/28/2023 4.47% 599,634.00 599,665.06 99.17 4.77% 595,039.20 6,749.17 1.35% (4,625.86) A1 / A+ NR 2.75 2.53 00440EAV9 Chubb INA Holdings Inc Callable Note Cont 2/3/2026 3.35% Due 5/3/2026 500,000.00 03/09/2023 5.09% 475,060.00 477,451.80 96.07 4.84% 480,373.50 2,698.61 1.08% 2,921.70 A3 / A A 2.84 2.65 341081GR2 Florida Power and Light Callable Note Cont 4/15/2026 4.45% Due 5/15/2026 550,000.00 05/18/2023 4.65% 547,030.00 547,139.09 98.95 4.84% 544,251.95 2,923.40 1.23% (2,887.14) A1 / A A+ 2.88 2.65 24422EWX3 John Deere Capital Corp Note 4.75% Due 6/8/2026 500,000.00 06/05/2023 4.72% 500,470.00 500,460.14 99.81 4.82% 499,065.00 1,517.36 1.12% (1,395.14) A2 / A A+ 2.94 2.70 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 4 Holdings Report As of June 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration CORPORATE 06406RBQ9 Bank of NY Mellon Corp Callable Note Cont 4/26/2026 4.947% Due 4/26/2027 350,000.00 04/19/2023 5.21% 350,497.00 350,474.55 98.77 5.42% 345,682.05 3,126.23 0.78% (4,792.50) A1 / A AA- 3.82 2.58 74456QBS4 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 5/15/2027 337,000.00 04/18/2023 4.48% 318,673.94 319,561.88 93.47 4.87% 314,987.16 1,291.83 0.71% (4,574.72) A1 / A NR 3.88 3.58 756109AU8 Realty Income Corp Callable Note Cont 10/15/2027 3.65% Due 1/15/2028 500,000.00 04/10/2023 4.87% 474,240.00 475,425.05 93.26 5.34% 466,323.00 8,415.28 1.06% (9,102.05) A3 / A- NR 4.55 4.03 58933YBH7 Merck & Co Callable Note Cont 4/17/2028 4.05% Due 5/17/2028 130,000.00 05/08/2023 4.07% 129,894.70 129,897.29 98.26 4.45% 127,740.47 643.50 0.29% (2,156.82) A1 / A+ NR 4.88 4.36 Total Corporate 10,347,000.00 2.41% 10,574,253.04 10,313,593.19 5.36% 10,100,915.13 84,361.32 22.85% (212,678.06) A1 / A A+ 1.68 1.47 MONEY MARKET FUND 31846V807 First American Treasury MMF Class Y 844,916.01 Various 4.72% 844,916.01 844,916.01 1.00 4.72% 844,916.01 0.00 1.90% 0.00 Aaa / AA+ AAA 0.00 0.00 Total Money Market Fund 844,916.01 4.72% 844,916.01 844,916.01 4.72% 844,916.01 0.00 1.90% 0.00 Aaa / AA+ AAA 0.00 0.00 NEGOTIABLE CD 96130ASC3 Westpac Banking Corp NY Yankee CD 5.38% Due 2/16/2024 375,000.00 02/16/2023 5.34% 375,141.03 375,089.11 99.68 5.79% 373,786.88 7,565.63 0.86% (1,302.23) P-1 / A-1+ F-1 0.63 0.62 Total Negotiable CD 375,000.00 5.34% 375,141.03 375,089.11 5.79% 373,786.88 7,565.63 0.86% (1,302.23) P-1 / A-1+ F-1 0.63 0.62 US TREASURY 9128282D1 US Treasury Note 1.375% Due 8/31/2023 1,250,000.00 12/23/2021 0.61% 1,265,970.98 1,251,581.54 99.38 5.09% 1,242,195.00 5,744.74 2.80% (9,386.54) Aaa / AA+ AAA 0.17 0.17 91282CAW1 US Treasury Note 0.25% Due 11/15/2023 1,000,000.00 05/03/2021 0.25% 1,000,120.54 1,000,017.83 98.16 5.25% 981,602.00 319.29 2.20% (18,415.83) Aaa / AA+ AAA 0.38 0.37 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 5 Holdings Report As of June 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration US TREASURY 912828U57 US Treasury Note 2.125% Due 11/30/2023 650,000.00 10/31/2019 1.67% 661,529.52 651,175.38 98.69 5.33% 641,468.75 1,169.91 1.44% (9,706.63) Aaa / AA+ AAA 0.42 0.41 91282CBA8 US Treasury Note 0.125% Due 12/15/2023 1,200,000.00 10/07/2021 0.33% 1,194,566.52 1,198,864.34 97.73 5.20% 1,172,719.20 65.57 2.63% (26,145.14) Aaa / AA+ AAA 0.46 0.45 91282CBV2 US Treasury Note 0.375% Due 4/15/2024 1,000,000.00 05/03/2021 0.33% 1,001,175.22 1,000,315.06 96.14 5.42% 961,367.00 788.93 2.16% (38,948.06) Aaa / AA+ AAA 0.79 0.77 91282CCC3 US Treasury Note 0.25% Due 5/15/2024 1,000,000.00 05/17/2021 0.35% 996,878.35 999,089.76 95.62 5.44% 956,211.00 319.29 2.15% (42,878.76) Aaa / AA+ AAA 0.88 0.85 912828D56 US Treasury Note 2.375% Due 8/15/2024 1,000,000.00 12/28/2021 0.91% 1,038,011.16 1,016,256.59 96.77 5.36% 967,695.00 8,922.65 2.19% (48,561.59) Aaa / AA+ AAA 1.13 1.08 9128282Y5 US Treasury Note 2.125% Due 9/30/2024 1,000,000.00 08/25/2021 0.44% 1,051,800.23 1,020,912.28 96.16 5.33% 961,602.00 5,341.53 2.17% (59,310.28) Aaa / AA+ AAA 1.25 1.20 912828YM6 US Treasury Note 1.5% Due 10/31/2024 1,000,000.00 12/28/2021 0.97% 1,014,925.23 1,007,016.87 95.15 5.31% 951,484.00 2,527.17 2.14% (55,532.87) Aaa / AA+ AAA 1.34 1.29 912828YV6 US Treasury Note 1.5% Due 11/30/2024 700,000.00 09/10/2021 0.48% 722,889.06 710,073.52 94.95 5.24% 664,617.10 889.34 1.49% (45,456.42) Aaa / AA+ AAA 1.42 1.37 91282CAJ0 US Treasury Note 0.25% Due 8/31/2025 1,200,000.00 06/30/2022 3.15% 1,095,937.50 1,128,827.72 90.73 4.80% 1,088,719.20 1,002.72 2.44% (40,108.52) Aaa / AA+ AAA 2.17 2.11 91282CAM3 US Treasury Note 0.25% Due 9/30/2025 500,000.00 07/15/2022 3.12% 456,445.31 469,478.30 90.57 4.71% 452,871.00 314.21 1.02% (16,607.30) Aaa / AA+ AAA 2.25 2.19 9128285N6 US Treasury Note 2.875% Due 11/30/2025 500,000.00 07/15/2022 3.11% 496,212.61 497,289.90 95.84 4.71% 479,219.00 1,217.55 1.08% (18,070.90) Aaa / AA+ AAA 2.42 2.29 91282CGE5 US Treasury Note 3.875% Due 1/15/2026 1,000,000.00 02/06/2023 4.13% 992,929.69 993,878.55 98.13 4.66% 981,328.00 17,876.38 2.24% (12,550.55) Aaa / AA+ AAA 2.55 2.35 91282CBQ3 US Treasury Note 0.5% Due 2/28/2026 500,000.00 07/15/2022 3.09% 455,839.84 467,546.95 89.83 4.59% 449,140.50 835.60 1.01% (18,406.45) Aaa / AA+ AAA 2.67 2.59 91282CBW0 US Treasury Note 0.75% Due 4/30/2026 500,000.00 09/30/2022 4.17% 443,595.43 455,411.07 90.05 4.53% 450,234.50 631.79 1.01% (5,176.57) Aaa / AA+ AAA 2.84 2.74 9128286X3 US Treasury Note 2.125% Due 5/31/2026 500,000.00 09/30/2022 4.14% 465,958.71 472,924.59 93.53 4.52% 467,636.50 899.93 1.05% (5,288.09) Aaa / AA+ AAA 2.92 2.77 91282CCJ8 US Treasury Note 0.875% Due 6/30/2026 500,000.00 09/30/2022 4.15% 443,595.43 454,884.58 90.10 4.44% 450,508.00 11.89 1.01% (4,376.58) Aaa / AA+ AAA 3.00 2.90 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 6 Holdings Report As of June 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Par Value/Units Purchase Date Book Yield Cost Value Book Value Mkt Price Mkt YTM Market Value Accrued Int. % of Port. Gain/Loss Moody/S&P Fitch Maturity Duration US TREASURY 91282CGC9 US Treasury Note 3.875% Due 12/31/2027 1,000,000.00 02/06/2023 3.84% 1,001,445.31 1,001,328.91 98.60 4.22% 985,977.00 105.30 2.21% (15,351.91) Aaa / AA+ AAA 4.51 4.08 Total US Treasury 16,000,000.00 1.75% 15,799,826.64 15,796,873.74 5.02% 15,306,594.75 48,983.79 34.44% (490,278.99) Aaa / AA+ AAA 1.58 1.50 TOTAL PORTFOLIO 45,741,916.01 2.65% 45,690,590.69 45,406,911.36 5.16% 44,356,891.57 226,474.84 100.00% (1,050,019.79) Aa1 / AA AAA 1.92 1.63 TOTAL MARKET VALUE PLUS ACCRUED 44,583,366.41 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 7 Transaction Ledger As of June 30, 2023 City of San Rafael Account #11045 Transaction Type Settlement Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss ACQUISITIONS Purchase 06/01/2023 31846V807 8,867.80 First American Treasury MMF Class Y 1.000 4.69%8,867.80 0.00 8,867.80 0.00 Purchase 06/07/2023 31846V807 971,500.00 First American Treasury MMF Class Y 1.000 4.69%971,500.00 0.00 971,500.00 0.00 Purchase 06/08/2023 24422EWX3 500,000.00 John Deere Capital Corp Note 4.75% Due 6/8/2026 100.094 4.72%500,470.00 0.00 500,470.00 0.00 Purchase 06/09/2023 31846V807 993,062.63 First American Treasury MMF Class Y 1.000 4.69%993,062.63 0.00 993,062.63 0.00 Purchase 06/10/2023 31846V807 12,750.00 First American Treasury MMF Class Y 1.000 4.69%12,750.00 0.00 12,750.00 0.00 Purchase 06/12/2023 3130AWER7 775,000.00 FHLB Note 4.625% Due 6/6/2025 99.917 4.67%774,356.75 0.00 774,356.75 0.00 Purchase 06/12/2023 3137BVZ82 700,000.00 FHLMC K063 3.43% Due 1/25/2027 96.363 4.55%674,542.97 733.64 675,276.61 0.00 Purchase 06/12/2023 31846V807 226,450.75 First American Treasury MMF Class Y 1.000 4.69%226,450.75 0.00 226,450.75 0.00 Purchase 06/12/2023 31846V807 27,375.00 First American Treasury MMF Class Y 1.000 4.69%27,375.00 0.00 27,375.00 0.00 Purchase 06/13/2023 3137F1G44 450,000.00 FHLMC K065 A2 3.243% Due 4/25/2027 95.941 4.42%431,736.33 486.45 432,222.78 0.00 Purchase 06/13/2023 3137FBBX3 240,000.00 FHLMC K068 A2 3.244% Due 8/25/2027 95.809 4.38%229,940.63 259.52 230,200.15 0.00 Purchase 06/14/2023 3137FBU79 500,000.00 FHLMC K069 A2 3.187% Due 9/25/2027 95.320 4.98%476,601.56 575.43 477,176.99 0.00 Purchase 06/15/2023 31846V807 750.00 First American Treasury MMF Class Y 1.000 4.69%750.00 0.00 750.00 0.00 Purchase 06/15/2023 31846V807 1,833.33 First American Treasury MMF Class Y 1.000 4.69%1,833.33 0.00 1,833.33 0.00 Purchase 06/15/2023 31846V807 1,695.00 First American Treasury MMF Class Y 1.000 4.69%1,695.00 0.00 1,695.00 0.00 Purchase 06/15/2023 31846V807 3,674.00 First American Treasury MMF Class Y 1.000 4.69%3,674.00 0.00 3,674.00 0.00 Purchase 06/15/2023 31846V807 1,545.83 First American Treasury MMF Class Y 1.000 4.69%1,545.83 0.00 1,545.83 0.00 Purchase 06/15/2023 31846V807 1,128.83 First American Treasury MMF Class Y 1.000 4.69%1,128.83 0.00 1,128.83 0.00 Purchase 06/21/2023 31846V807 504.00 First American Treasury MMF Class Y 1.000 4.69%504.00 0.00 504.00 0.00 Purchase 06/23/2023 31846V807 1,750.00 First American Treasury MMF Class Y 1.000 4.69%1,750.00 0.00 1,750.00 0.00 Purchase 06/26/2023 31846V807 2,502.50 First American Treasury MMF Class Y 1.000 4.69%2,502.50 0.00 2,502.50 0.00 Purchase 06/26/2023 31846V807 1,870.42 First American Treasury MMF Class Y 1.000 4.69%1,870.42 0.00 1,870.42 0.00 Purchase 06/26/2023 31846V807 1,870.50 First American Treasury MMF Class Y 1.000 4.69%1,870.50 0.00 1,870.50 0.00 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 8 Transaction Ledger As of June 30, 2023 City of San Rafael Account #11045 Transaction Type Settlement Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss ACQUISITIONS Purchase 06/29/2023 3130AWGR5 525,000.00 FHLB Note 4.375% Due 6/12/2026 99.841 4.43%524,165.25 510.42 524,675.67 0.00 Purchase 06/30/2023 31846V807 22,062.50 First American Treasury MMF Class Y 1.000 4.72%22,062.50 0.00 22,062.50 0.00 Purchase 06/30/2023 31846V807 800,000.00 First American Treasury MMF Class Y 1.000 4.72%800,000.00 0.00 800,000.00 0.00 Subtotal 6,771,193.09 6,693,006.58 2,565.46 6,695,572.04 0.00 TOTAL ACQUISITIONS 6,771,193.09 6,693,006.58 2,565.46 6,695,572.04 0.00 DISPOSITIONS Sale 06/07/2023 24422EVN6 1,000,000.00 John Deere Capital Corp Note 0.45% Due 1/17/2024 96.975 5.55%969,750.00 1,750.00 971,500.00 -30,529.15 Sale 06/08/2023 31846V807 500,470.00 First American Treasury MMF Class Y 1.000 4.69%500,470.00 0.00 500,470.00 0.00 Sale 06/09/2023 91282CCN9 1,000,000.00 US Treasury Note 0.125% Due 7/31/2023 99.262 5.30%992,617.19 445.44 993,062.63 -6,443.13 Sale 06/12/2023 3135G0U43 1,000,000.00 FNMA Note 2.875% Due 9/12/2023 99.362 5.42%993,620.00 7,187.50 1,000,807.50 -9,403.43 Sale 06/12/2023 31846V807 675,276.61 First American Treasury MMF Class Y 1.000 4.69%675,276.61 0.00 675,276.61 0.00 Sale 06/13/2023 31846V807 662,422.93 First American Treasury MMF Class Y 1.000 4.69%662,422.93 0.00 662,422.93 0.00 Sale 06/14/2023 31846V807 477,176.99 First American Treasury MMF Class Y 1.000 4.69%477,176.99 0.00 477,176.99 0.00 Sale 06/29/2023 31846V807 524,675.67 First American Treasury MMF Class Y 1.000 4.72%524,675.67 0.00 524,675.67 0.00 Subtotal 5,840,022.20 5,796,009.39 9,382.94 5,805,392.33 -46,375.71 Paydown 06/15/2023 02582JJT8 0.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 100.000 0.00 1,695.00 1,695.00 0.00 Paydown 06/15/2023 05522RDF2 0.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 100.000 0.00 1,833.33 1,833.33 0.00 Paydown 06/15/2023 47800CAC0 0.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 100.000 0.00 3,674.00 3,674.00 0.00 Paydown 06/15/2023 58768PAC8 0.00 Mercedes-Benz Auto Receivables 2022- 1 A3 5.21% Due 8/16/2027 100.000 0.00 1,128.83 1,128.83 0.00 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 9 Transaction Ledger As of June 30, 2023 City of San Rafael Account #11045 Transaction Type Settlement Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss DISPOSITIONS Paydown 06/15/2023 89239HAD0 0.00 Toyota Auto Receivables Owner 20222- D A3 5.3% Due 9/15/2027 100.000 0.00 1,545.83 1,545.83 0.00 Paydown 06/21/2023 43815JAC7 0.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 100.000 0.00 504.00 504.00 0.00 Paydown 06/26/2023 05593AAC3 0.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 100.000 0.00 1,870.50 1,870.50 0.00 Paydown 06/26/2023 3137FETN0 0.00 FHLMC K073 A2 3.35% Due 1/25/2028 100.000 0.00 1,870.42 1,870.42 0.00 Paydown 06/26/2023 3137FG6X8 0.00 FHLMC K077 A2 3.85% Due 5/25/2028 100.000 0.00 2,502.50 2,502.50 0.00 Subtotal 0.00 0.00 16,624.41 16,624.41 0.00 Maturity 06/30/2023 91282CCK5 800,000.00 US Treasury Note 0.125% Due 6/30/2023 100.000 800,000.00 0.00 800,000.00 0.00 Subtotal 800,000.00 800,000.00 0.00 800,000.00 0.00 Security Withdrawal 06/12/2023 31846V807 3,395.80 First American Treasury MMF Class Y 1.000 3,395.80 0.00 3,395.80 0.00 Security Withdrawal 06/23/2023 31846V807 250.00 First American Treasury MMF Class Y 1.000 250.00 0.00 250.00 0.00 Subtotal 3,645.80 3,645.80 0.00 3,645.80 0.00 TOTAL DISPOSITIONS 6,643,668.00 6,599,655.19 26,007.35 6,625,662.54 -46,375.71 OTHER TRANSACTIONS Interest 06/10/2023 3130ATUS4 500,000.00 FHLB Note 4.25% Due 12/10/2027 0.000 12,750.00 0.00 12,750.00 0.00 Interest 06/12/2023 3130ATUC9 1,000,000.00 FHLB Note 4.5% Due 12/12/2025 0.000 27,375.00 0.00 27,375.00 0.00 Interest 06/15/2023 91282CBA8 1,200,000.00 US Treasury Note 0.125% Due 12/15/2023 0.000 750.00 0.00 750.00 0.00 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 10 Transaction Ledger As of June 30, 2023 City of San Rafael Account #11045 Transaction Type Settlement Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss OTHER TRANSACTIONS Interest 06/23/2023 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021 0.35% Due 4/23/2024 0.000 1,750.00 0.00 1,750.00 0.00 Interest 06/30/2023 91282CCJ8 500,000.00 US Treasury Note 0.875% Due 6/30/2026 0.000 2,187.50 0.00 2,187.50 0.00 Interest 06/30/2023 91282CCK5 800,000.00 US Treasury Note 0.125% Due 6/30/2023 0.000 500.00 0.00 500.00 0.00 Interest 06/30/2023 91282CGC9 1,000,000.00 US Treasury Note 3.875% Due 12/31/2027 0.000 19,375.00 0.00 19,375.00 0.00 Subtotal 6,000,000.00 64,687.50 0.00 64,687.50 0.00 Dividend 06/01/2023 31846V807 607,390.92 First American Treasury MMF Class Y 0.000 8,867.80 0.00 8,867.80 0.00 Subtotal 607,390.92 8,867.80 0.00 8,867.80 0.00 TOTAL OTHER TRANSACTIONS 6,607,390.92 73,555.30 0.00 73,555.30 0.00 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 11 Income Earned As of June 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income FIXED INCOME 00440EAV9 Chubb INA Holdings Inc Callable Note Cont 2/3/2026 3.35% Due 05/03/2026 03/09/2023 03/13/2023 500,000.00 476,799.49 0.00 0.00 477,451.80 1,302.78 0.00 2,698.61 1,395.83 652.31 0.00 652.31 2,048.14 2,048.14 02582JJT8 American Express Credit Trust 2022-2 A 3.39% Due 05/17/2027 04/17/2023 04/19/2023 600,000.00 586,448.91 0.00 0.00 587,018.29 904.00 1,695.00 904.00 1,695.00 569.38 0.00 569.38 2,264.38 2,264.38 05522RDF2 Bank of America Credit Card Tr 2022-A2 A2 5% Due 04/15/2028 04/18/2023 04/20/2023 440,000.00 444,597.47 0.00 0.00 444,443.88 977.78 1,833.33 977.78 1,833.33 0.00 153.59 (153.59) 1,679.74 1,679.74 05593AAC3 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 Various 02/15/2023 435,000.00 435,642.86 0.00 0.00 435,613.77 374.10 1,870.50 374.10 1,870.50 0.05 29.14 (29.09) 1,841.41 1,841.41 06406RBQ9 Bank of NY Mellon Corp Callable Note Cont 4/26/2026 4.947% Due 04/26/2027 04/19/2023 04/26/2023 350,000.00 350,484.75 0.00 0.00 350,474.55 1,683.35 0.00 3,126.23 1,442.88 0.00 10.20 (10.20) 1,432.68 1,432.68 14912L5X5 Caterpillar Finance Serv Corp Note 3.75% Due 11/24/2023 05/05/2021 05/05/2021 1,000,000.00 1,016,296.51 0.00 0.00 1,013,518.69 729.17 0.00 3,854.17 3,125.00 0.00 2,777.82 (2,777.82) 347.18 347.18 166764BW9 Chevron Corp Callable Note Cont 4/11/2025 1.554% Due 05/11/2025 05/12/2022 05/12/2022 700,000.00 678,849.13 0.00 0.00 679,742.83 604.33 0.00 1,510.83 906.50 893.70 0.00 893.70 1,800.20 1,800.20 17325FAS7 Citibank Callable Note Cont 12/23/2023 3.65% Due 01/23/2024 05/19/2021 05/19/2021 500,000.00 509,996.85 0.00 0.00 508,726.07 6,488.89 0.00 8,009.72 1,520.83 0.00 1,270.78 (1,270.78) 250.05 250.05 24422EVN6 John Deere Capital Corp Note Due 01/17/2024 05/05/2021 05/05/2021 0.00 1,000,286.63 0.00 1,000,279.15 0.00 1,675.00 1,750.00 0.00 75.00 0.00 7.48 (7.48) 67.52 67.52 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 12 Income Earned As of June 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 24422EWX3 John Deere Capital Corp Note 4.75% Due 06/08/2026 06/05/2023 06/08/2023 500,000.00 0.00 500,470.00 0.00 500,460.14 0.00 0.00 1,517.36 1,517.36 0.00 9.86 (9.86) 1,507.50 1,507.50 3130AMQQ8 FHLB Callable Note Qtrly 12/23/2021 0.35% Due 04/23/2024 06/23/2021 06/23/2021 1,000,000.00 1,000,000.00 0.00 0.00 1,000,000.00 1,536.11 1,750.00 77.78 291.67 0.00 0.00 0.00 291.67 291.67 3130ATHT7 FHLB Note 4.375% Due 09/12/2025 10/06/2022 10/06/2022 1,300,000.00 1,302,457.65 0.00 0.00 1,302,369.25 12,480.90 0.00 17,220.49 4,739.59 0.00 88.40 (88.40) 4,651.19 4,651.19 3130ATUC9 FHLB Note 4.5% Due 12/12/2025 02/13/2023 02/14/2023 1,000,000.00 1,004,230.62 0.00 0.00 1,004,093.41 26,000.00 27,375.00 2,375.00 3,750.00 0.00 137.21 (137.21) 3,612.79 3,612.79 3130ATUS4 FHLB Note 4.25% Due 12/10/2027 05/15/2023 05/16/2023 500,000.00 512,191.99 0.00 0.00 511,970.72 12,218.75 12,750.00 1,239.58 1,770.83 0.00 221.27 (221.27) 1,549.56 1,549.56 3130AV7L0 FHLB Note 5% Due 02/28/2025 03/02/2023 03/03/2023 1,100,000.00 1,098,727.51 0.00 0.00 1,098,787.34 13,444.44 0.00 18,027.78 4,583.34 59.83 0.00 59.83 4,643.17 4,643.17 3130AWER7 FHLB Note 4.625% Due 06/06/2025 06/09/2023 06/12/2023 775,000.00 0.00 774,356.75 0.00 774,373.61 0.00 0.00 1,891.75 1,891.75 16.86 0.00 16.86 1,908.61 1,908.61 3130AWGR5 FHLB Note 4.375% Due 06/12/2026 06/28/2023 06/29/2023 525,000.00 0.00 524,165.25 0.00 524,166.80 0.00 (510.42) 638.02 127.60 1.55 0.00 1.55 129.15 129.15 3133EMWV0 FFCB Note 0.35% Due 04/22/2024 05/03/2021 05/03/2021 1,000,000.00 1,000,000.00 0.00 0.00 1,000,000.00 379.17 0.00 670.83 291.66 0.00 0.00 0.00 291.66 291.66 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 13 Income Earned As of June 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 3133EMYR7 FFCB Callable Note Cont 5/6/2022 0.375% Due 05/06/2024 05/06/2021 05/06/2021 1,000,000.00 1,000,000.00 0.00 0.00 1,000,000.00 260.42 0.00 572.92 312.50 0.00 0.00 0.00 312.50 312.50 3133EPBF1 FFCB Note 4.875% Due 08/21/2024 02/15/2023 02/21/2023 1,000,000.00 998,766.05 0.00 0.00 998,848.87 13,541.67 0.00 17,604.17 4,062.50 82.82 0.00 82.82 4,145.32 4,145.32 3135G0U43 FNMA Note Due 09/12/2023 09/26/2019 09/26/2019 0.00 1,003,384.92 0.00 1,003,023.43 0.00 6,309.03 7,187.50 0.00 878.47 0.00 361.49 (361.49) 516.98 516.98 3135G0V34 FNMA Note 2.5% Due 02/05/2024 10/24/2019 10/24/2019 600,000.00 603,383.03 0.00 0.00 602,975.43 4,833.33 0.00 6,083.33 1,250.00 0.00 407.60 (407.60) 842.40 842.40 3135G0V75 FNMA Note 1.75% Due 07/02/2024 11/05/2019 11/05/2019 750,000.00 750,799.78 0.00 0.00 750,739.34 5,432.29 0.00 6,526.04 1,093.75 0.00 60.44 (60.44) 1,033.31 1,033.31 3136G46B4 FNMA Callable Note Qtrly 01/26/2024 0.35% Due 04/26/2024 10/30/2020 10/30/2020 1,200,000.00 1,199,922.29 0.00 0.00 1,199,929.36 408.33 0.00 758.33 350.00 7.07 0.00 7.07 357.07 357.07 3137BVZ82 FHLMC K063 3.43% Due 01/25/2027 06/07/2023 06/12/2023 700,000.00 0.00 674,542.97 0.00 674,908.57 0.00 (733.64) 2,000.83 1,267.19 365.60 0.00 365.60 1,632.79 1,632.79 3137F1G44 FHLMC K065 A2 3.243% Due 04/25/2027 06/08/2023 06/13/2023 450,000.00 0.00 431,736.33 0.00 431,969.15 0.00 (486.45) 1,216.13 729.68 232.82 0.00 232.82 962.50 962.50 3137FBBX3 FHLMC K068 A2 3.244% Due 08/25/2027 06/08/2023 06/13/2023 240,000.00 0.00 229,940.63 0.00 230,060.54 0.00 (259.52) 648.80 389.28 119.91 0.00 119.91 509.19 509.19 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 14 Income Earned As of June 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 3137FBU79 FHLMC K069 A2 3.187% Due 09/25/2027 06/09/2023 06/14/2023 500,000.00 0.00 476,601.56 0.00 476,855.89 0.00 (575.43) 1,327.92 752.49 254.33 0.00 254.33 1,006.82 1,006.82 3137FETN0 FHLMC K073 A2 3.35% Due 01/25/2028 05/24/2023 05/30/2023 670,000.00 643,963.46 0.00 0.00 644,423.20 374.08 1,870.42 374.08 1,870.42 459.74 0.00 459.74 2,330.16 2,330.16 3137FG6X8 FHLMC K077 A2 3.85% Due 05/25/2028 05/24/2023 05/30/2023 780,000.00 765,695.41 0.00 0.00 765,931.20 500.50 2,502.50 500.50 2,502.50 235.79 0.00 235.79 2,738.29 2,738.29 341081GR2 Florida Power and Light Callable Note Cont 4/15/2026 4.45% Due 05/15/2026 05/18/2023 05/22/2023 550,000.00 547,057.27 0.00 0.00 547,139.09 883.82 0.00 2,923.40 2,039.58 81.82 0.00 81.82 2,121.40 2,121.40 43815JAC7 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 04/21/2027 02/16/2023 02/24/2023 120,000.00 119,979.58 0.00 0.00 119,980.16 168.00 504.00 168.00 504.00 0.58 0.00 0.58 504.58 504.58 46647PBH8 JP Morgan Chase & Co Callable Note Mthly 3/13/2025 2.005% Due 03/13/2026 04/05/2022 04/05/2022 600,000.00 584,115.64 0.00 0.00 584,584.66 2,606.50 0.00 3,609.00 1,002.50 469.02 0.00 469.02 1,471.52 1,471.52 47800CAC0 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 Various Various 880,000.00 882,179.96 0.00 0.00 882,139.79 1,959.46 3,674.00 1,959.46 3,674.00 0.73 40.90 (40.17) 3,633.83 3,633.83 58768PAC8 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 08/16/2027 02/15/2023 02/17/2023 260,000.00 261,222.77 0.00 0.00 261,188.78 602.04 1,128.83 602.04 1,128.83 0.00 33.99 (33.99) 1,094.84 1,094.84 58933YBH7 Merck & Co Callable Note Cont 4/17/2028 4.05% Due 05/17/2028 05/08/2023 05/17/2023 130,000.00 129,895.56 0.00 0.00 129,897.29 204.75 0.00 643.50 438.75 1.73 0.00 1.73 440.48 440.48 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 15 Income Earned As of June 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 693475AV7 PNC Financial Services Callable Note Cont 12/23/2023 3.5% Due 01/23/2024 07/29/2019 07/29/2019 900,000.00 908,342.65 0.00 0.00 907,282.14 11,200.00 0.00 13,825.00 2,625.00 0.00 1,060.51 (1,060.51) 1,564.49 1,564.49 69371RS49 Paccar Financial Corp Note 4.45% Due 03/30/2026 03/28/2023 03/30/2023 600,000.00 599,655.04 0.00 0.00 599,665.06 4,524.17 0.00 6,749.17 2,225.00 10.02 0.00 10.02 2,235.02 2,235.02 713448CM8 Pepsico Inc. Callable Note Cont 12/01/2023 3.6% Due 03/01/2024 06/23/2021 06/23/2021 500,000.00 510,453.57 0.00 0.00 509,309.02 4,500.00 0.00 6,000.00 1,500.00 0.00 1,144.55 (1,144.55) 355.45 355.45 717081DM2 Pfizer Inc. Note 3.4% Due 05/15/2024 09/27/2021 09/27/2021 500,000.00 513,495.15 0.00 0.00 512,335.11 755.56 0.00 2,172.22 1,416.66 0.00 1,160.04 (1,160.04) 256.62 256.62 74456QBS4 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 05/15/2027 04/18/2023 04/20/2023 337,000.00 319,191.90 0.00 0.00 319,561.88 449.33 0.00 1,291.83 842.50 369.98 0.00 369.98 1,212.48 1,212.48 756109AU8 Realty Income Corp Callable Note Cont 10/15/2027 3.65% Due 01/15/2028 04/10/2023 04/12/2023 500,000.00 474,980.66 0.00 0.00 475,425.05 6,894.44 0.00 8,415.28 1,520.84 444.39 0.00 444.39 1,965.23 1,965.23 89236THA6 Toyota Motor Credit Corp Note 1.35% Due 08/25/2023 04/23/2021 04/23/2021 700,000.00 701,488.89 0.00 0.00 700,963.40 2,520.00 0.00 3,307.50 787.50 0.00 525.49 (525.49) 262.01 262.01 89236THU2 Toyota Motor Credit Corp Note 0.45% Due 01/11/2024 09/27/2021 09/27/2021 480,000.00 479,823.80 0.00 0.00 479,847.40 840.00 0.00 1,020.00 180.00 23.60 0.00 23.60 203.60 203.60 89239HAD0 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 09/15/2027 02/10/2023 02/14/2023 350,000.00 353,756.40 0.00 0.00 353,651.96 824.44 1,545.83 824.44 1,545.83 0.00 104.44 (104.44) 1,441.39 1,441.39 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 16 Income Earned As of June 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 91159HHV5 US Bancorp Callable Note Cont 1/5/2024 3.375% Due 02/05/2024 05/04/2021 05/04/2021 1,000,000.00 1,019,566.41 0.00 0.00 1,017,209.01 10,875.00 0.00 13,687.50 2,812.50 0.00 2,357.40 (2,357.40) 455.10 455.10 9128282D1 US Treasury Note 1.375% Due 08/31/2023 12/23/2021 12/23/2021 1,250,000.00 1,252,359.35 0.00 0.00 1,251,581.54 4,343.58 0.00 5,744.74 1,401.16 0.00 777.81 (777.81) 623.35 623.35 9128282Y5 US Treasury Note 2.125% Due 09/30/2024 08/25/2021 08/25/2021 1,000,000.00 1,022,285.08 0.00 0.00 1,020,912.28 3,599.73 0.00 5,341.53 1,741.80 0.00 1,372.80 (1,372.80) 369.00 369.00 9128285N6 US Treasury Note 2.875% Due 11/30/2025 07/15/2022 07/15/2022 500,000.00 497,197.82 0.00 0.00 497,289.90 39.28 0.00 1,217.55 1,178.27 92.08 0.00 92.08 1,270.35 1,270.35 9128286X3 US Treasury Note 2.125% Due 05/31/2026 09/30/2022 09/30/2022 500,000.00 472,161.90 0.00 0.00 472,924.59 29.03 0.00 899.93 870.90 762.69 0.00 762.69 1,633.59 1,633.59 912828D56 US Treasury Note 2.375% Due 08/15/2024 12/28/2021 12/28/2021 1,000,000.00 1,017,443.21 0.00 0.00 1,016,256.59 6,954.42 0.00 8,922.65 1,968.23 0.00 1,186.62 (1,186.62) 781.61 781.61 912828U57 US Treasury Note 2.125% Due 11/30/2023 10/31/2019 10/31/2019 650,000.00 651,407.36 0.00 0.00 651,175.38 37.74 0.00 1,169.91 1,132.17 0.00 231.98 (231.98) 900.19 900.19 912828YM6 US Treasury Note 1.5% Due 10/31/2024 12/28/2021 12/28/2021 1,000,000.00 1,007,448.24 0.00 0.00 1,007,016.87 1,304.35 0.00 2,527.17 1,222.82 0.00 431.37 (431.37) 791.45 791.45 912828YV6 US Treasury Note 1.5% Due 11/30/2024 09/10/2021 09/10/2021 700,000.00 710,656.93 0.00 0.00 710,073.52 28.69 0.00 889.34 860.65 0.00 583.41 (583.41) 277.24 277.24 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 17 Income Earned As of June 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 91282CAJ0 US Treasury Note 0.25% Due 08/31/2025 06/30/2022 06/30/2022 1,200,000.00 1,126,131.80 0.00 0.00 1,128,827.72 758.15 0.00 1,002.72 244.57 2,695.92 0.00 2,695.92 2,940.49 2,940.49 91282CAM3 US Treasury Note 0.25% Due 09/30/2025 07/15/2022 07/15/2022 500,000.00 468,364.37 0.00 0.00 469,478.30 211.75 0.00 314.21 102.46 1,113.93 0.00 1,113.93 1,216.39 1,216.39 91282CAW1 US Treasury Note 0.25% Due 11/15/2023 05/03/2021 05/03/2021 1,000,000.00 1,000,021.74 0.00 0.00 1,000,017.83 115.49 0.00 319.29 203.80 0.00 3.91 (3.91) 199.89 199.89 91282CBA8 US Treasury Note 0.125% Due 12/15/2023 10/07/2021 10/07/2021 1,200,000.00 1,198,660.33 0.00 0.00 1,198,864.34 692.31 750.00 65.57 123.26 204.01 0.00 204.01 327.27 327.27 91282CBQ3 US Treasury Note 0.5% Due 02/28/2026 07/15/2022 07/15/2022 500,000.00 466,546.34 0.00 0.00 467,546.95 631.79 0.00 835.60 203.81 1,000.61 0.00 1,000.61 1,204.42 1,204.42 91282CBV2 US Treasury Note 0.375% Due 04/15/2024 05/03/2021 05/03/2021 1,000,000.00 1,000,347.77 0.00 0.00 1,000,315.06 481.56 0.00 788.93 307.37 0.00 32.71 (32.71) 274.66 274.66 91282CBW0 US Treasury Note 0.75% Due 04/30/2026 09/30/2022 09/30/2022 500,000.00 454,117.38 0.00 0.00 455,411.07 326.09 0.00 631.79 305.70 1,293.69 0.00 1,293.69 1,599.39 1,599.39 91282CCC3 US Treasury Note 0.25% Due 05/15/2024 05/17/2021 05/17/2021 1,000,000.00 999,004.15 0.00 0.00 999,089.76 115.49 0.00 319.29 203.80 85.61 0.00 85.61 289.41 289.41 91282CCJ8 US Treasury Note 0.875% Due 06/30/2026 09/30/2022 09/30/2022 500,000.00 453,648.55 0.00 0.00 454,884.58 1,837.02 2,187.50 11.89 362.37 1,236.03 0.00 1,236.03 1,598.40 1,598.40 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 18 Income Earned As of June 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 91282CCK5 US Treasury Note Due 06/30/2023 01/13/2022 01/13/2022 0.00 799,610.78 0.00 800,000.00 0.00 419.89 500.00 0.00 80.11 389.22 0.00 389.22 469.33 469.33 91282CCN9 US Treasury Note Due 07/31/2023 01/13/2022 01/13/2022 0.00 998,915.75 0.00 999,060.32 0.00 417.82 445.44 0.00 27.62 144.57 0.00 144.57 172.19 172.19 91282CGC9 US Treasury Note 3.875% Due 12/31/2027 02/06/2023 02/07/2023 1,000,000.00 1,001,353.16 0.00 0.00 1,001,328.91 16,270.72 19,375.00 105.30 3,209.58 0.00 24.25 (24.25) 3,185.33 3,185.33 91282CGE5 US Treasury Note 3.875% Due 01/15/2026 02/06/2023 02/07/2023 1,000,000.00 993,680.87 0.00 0.00 993,878.55 14,665.06 0.00 17,876.38 3,211.32 197.68 0.00 197.68 3,409.00 3,409.00 Total Fixed Income 44,522,000.00 44,379,493.44 3,611,813.49 3,802,362.90 44,186,906.24 215,545.89 88,129.39 218,909.21 91,492.71 14,569.67 16,607.46 (2,037.79) 89,454.92 89,454.92 CASH & EQUIVALENT 31846V807 First American Treasury MMF Class Y 06/26/2023 06/26/2023 844,916.01 607,390.92 3,081,193.09 2,843,668.00 844,916.01 0.00 8,867.80 0.00 8,867.80 0.00 0.00 0.00 8,867.80 8,867.80 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 19 Income Earned As of June 30, 2023 City of San Rafael Account #11045 CUSIP Security Description Trade Date Settle Date Units Book Value: Begin Book Value: Acq Book Value: Disp Book Value: End Prior Accrued Inc. Received Ending Accrued Total Interest Accr. Of Discount Amort. Of Premium Net Accret/Amort Income Earned Total Income 96130ASC3 Westpac Banking Corp NY Yankee CD 5.38% Due 02/16/2024 02/16/2023 02/17/2023 375,000.00 375,100.74 0.00 0.00 375,089.11 5,884.38 0.00 7,565.63 1,681.25 0.00 11.63 (11.63) 1,669.62 1,669.62 Total Cash & Equivalent 1,219,916.01 982,491.66 3,081,193.09 2,843,668.00 1,220,005.12 5,884.38 8,867.80 7,565.63 10,549.05 0.00 11.63 (11.63) 10,537.42 10,537.42 TOTAL PORTFOLIO 45,741,916.01 45,361,985.10 6,693,006.58 6,646,030.90 45,406,911.36 221,430.27 96,997.19 226,474.84 102,041.76 14,569.67 16,619.09 (2,049.42) 99,992.34 99,992.34 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 20 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/02/2023 Interest 3135G0V75 750,000.00 FNMA Note 1.75% Due 7/2/2024 0.00 6,562.50 6,562.50 07/11/2023 Interest 89236THU2 480,000.00 Toyota Motor Credit Corp Note 0.45% Due 1/11/2024 0.00 1,080.00 1,080.00 07/15/2023 Interest 91282CGE5 1,000,000.00 US Treasury Note 3.875% Due 1/15/2026 0.00 19,375.00 19,375.00 07/15/2023 Interest 756109AU8 500,000.00 Realty Income Corp Callable Note Cont 10/15/2027 3.65% Due 1/15/2028 0.00 9,125.00 9,125.00 07/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 07/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 07/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 07/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,868.97 3,674.00 18,542.97 07/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 07/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 07/23/2023 Interest 17325FAS7 500,000.00 Citibank Callable Note Cont 12/23/2023 3.65% Due 1/23/2024 0.00 9,125.00 9,125.00 07/23/2023 Interest 693475AV7 900,000.00 PNC Financial Services Callable Note Cont 12/23/2023 3.5% Due 1/23/2024 0.00 15,750.00 15,750.00 07/25/2023 Paydown 3137F1G44 450,000.00 FHLMC K065 A2 3.243% Due 4/25/2027 0.00 1,216.13 1,216.13 07/25/2023 Paydown 3137BVZ82 700,000.00 FHLMC K063 3.43% Due 1/25/2027 0.00 2,000.83 2,000.83 07/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 11,865.99 2,502.50 14,368.49 07/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 21 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/25/2023 Paydown 3137FBBX3 240,000.00 FHLMC K068 A2 3.244% Due 8/25/2027 0.00 648.80 648.80 07/25/2023 Paydown 3137FBU79 500,000.00 FHLMC K069 A2 3.187% Due 9/25/2027 0.00 1,327.92 1,327.92 07/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 JUL 2023 26,734.96 82,835.59 109,570.55 08/05/2023 Interest 3135G0V34 600,000.00 FNMA Note 2.5% Due 2/5/2024 0.00 7,500.00 7,500.00 08/05/2023 Interest 91159HHV5 1,000,000.00 US Bancorp Callable Note Cont 1/5/2024 3.375% Due 2/5/2024 0.00 16,875.00 16,875.00 08/15/2023 Interest 912828D56 1,000,000.00 US Treasury Note 2.375% Due 8/15/2024 0.00 11,875.00 11,875.00 08/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 08/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,931.04 3,611.93 18,542.97 08/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 08/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 08/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 08/21/2023 Interest 3133EPBF1 1,000,000.00 FFCB Note 4.875% Due 8/21/2024 0.00 24,375.00 24,375.00 08/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 08/25/2023 Maturity 89236THA6 700,000.00 Toyota Motor Credit Corp Note 1.35% Due 8/25/2023 700,000.00 4,725.00 704,725.00 08/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 08/25/2023 Paydown 3137FBBX3 240,000.00 FHLMC K068 A2 3.244% Due 8/25/2027 0.00 648.80 648.80 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 22 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/25/2023 Paydown 3137FBU79 500,000.00 FHLMC K069 A2 3.187% Due 9/25/2027 0.00 1,327.92 1,327.92 08/25/2023 Paydown 3137F1G44 450,000.00 FHLMC K065 A2 3.243% Due 4/25/2027 0.00 1,216.13 1,216.13 08/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 08/25/2023 Paydown 3137BVZ82 700,000.00 FHLMC K063 3.43% Due 1/25/2027 0.00 2,000.83 2,000.83 08/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 11,909.50 2,464.43 14,373.93 08/28/2023 Interest 3130AV7L0 1,100,000.00 FHLB Note 5% Due 2/28/2025 0.00 26,736.11 26,736.11 08/31/2023 Interest 91282CAJ0 1,200,000.00 US Treasury Note 0.25% Due 8/31/2025 0.00 1,500.00 1,500.00 08/31/2023 Interest 91282CBQ3 500,000.00 US Treasury Note 0.5% Due 2/28/2026 0.00 1,250.00 1,250.00 08/31/2023 Maturity 9128282D1 1,250,000.00 US Treasury Note 1.375% Due 8/31/2023 1,250,000.00 8,593.75 1,258,593.75 AUG 2023 1,976,840.54 125,147.81 2,101,988.35 09/01/2023 Interest 713448CM8 500,000.00 Pepsico Inc. Callable Note Cont 12/01/2023 3.6% Due 3/1/2024 0.00 9,000.00 9,000.00 09/12/2023 Interest 3130ATHT7 1,300,000.00 FHLB Note 4.375% Due 9/12/2025 0.00 28,437.50 28,437.50 09/13/2023 Interest 46647PBH8 600,000.00 JP Morgan Chase & Co Callable Note Mthly 3/13/2025 2.005% Due 3/13/2026 0.00 6,015.00 6,015.00 09/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 09/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 09/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 14,993.39 3,549.58 18,542.97 09/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 23 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 09/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 09/25/2023 Paydown 3137F1G44 450,000.00 FHLMC K065 A2 3.243% Due 4/25/2027 0.00 1,216.13 1,216.13 09/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 09/25/2023 Paydown 3137BVZ82 700,000.00 FHLMC K063 3.43% Due 1/25/2027 0.00 2,000.83 2,000.83 09/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 11,953.16 2,426.22 14,379.38 09/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 09/25/2023 Paydown 3137FBBX3 240,000.00 FHLMC K068 A2 3.244% Due 8/25/2027 0.00 648.80 648.80 09/25/2023 Paydown 3137FBU79 500,000.00 FHLMC K069 A2 3.187% Due 9/25/2027 0.00 1,327.92 1,327.92 09/30/2023 Interest 69371RS49 600,000.00 Paccar Financial Corp Note 4.45% Due 3/30/2026 0.00 13,350.00 13,350.00 09/30/2023 Interest 9128282Y5 1,000,000.00 US Treasury Note 2.125% Due 9/30/2024 0.00 10,625.00 10,625.00 09/30/2023 Interest 91282CAM3 500,000.00 US Treasury Note 0.25% Due 9/30/2025 0.00 625.00 625.00 SEP 2023 26,946.55 89,669.89 116,616.44 10/15/2023 Interest 91282CBV2 1,000,000.00 US Treasury Note 0.375% Due 4/15/2024 0.00 1,875.00 1,875.00 10/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 10/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 10/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 24 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 15,055.98 3,486.99 18,542.97 10/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 10/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 10/22/2023 Interest 3133EMWV0 1,000,000.00 FFCB Note 0.35% Due 4/22/2024 0.00 1,750.00 1,750.00 10/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 10/25/2023 Paydown 3137FBBX3 240,000.00 FHLMC K068 A2 3.244% Due 8/25/2027 0.00 648.80 648.80 10/25/2023 Paydown 3137FBU79 500,000.00 FHLMC K069 A2 3.187% Due 9/25/2027 0.00 1,327.92 1,327.92 10/25/2023 Paydown 3137F1G44 450,000.00 FHLMC K065 A2 3.243% Due 4/25/2027 0.00 1,216.13 1,216.13 10/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 10/25/2023 Paydown 3137BVZ82 700,000.00 FHLMC K063 3.43% Due 1/25/2027 0.00 2,000.83 2,000.83 10/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 11,996.99 2,387.87 14,384.86 10/26/2023 Interest 3136G46B4 1,200,000.00 FNMA Callable Note Qtrly 01/26/2024 0.35% Due 4/26/2024 0.00 2,100.00 2,100.00 10/26/2023 Interest 06406RBQ9 350,000.00 Bank of NY Mellon Corp Callable Note Cont 4/26/2026 4.947% Due 4/26/2027 0.00 8,657.25 8,657.25 10/31/2023 Interest 912828YM6 1,000,000.00 US Treasury Note 1.5% Due 10/31/2024 0.00 7,500.00 7,500.00 10/31/2023 Interest 91282CBW0 500,000.00 US Treasury Note 0.75% Due 4/30/2026 0.00 1,875.00 1,875.00 OCT 2023 27,052.97 45,273.70 72,326.67 11/03/2023 Interest 00440EAV9 500,000.00 Chubb INA Holdings Inc Callable Note Cont 2/3/2026 3.35% Due 5/3/2026 0.00 8,375.00 8,375.00 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 25 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/06/2023 Interest 3133EMYR7 1,000,000.00 FFCB Callable Note Cont 5/6/2022 0.375% Due 5/6/2024 0.00 1,875.00 1,875.00 11/11/2023 Interest 166764BW9 700,000.00 Chevron Corp Callable Note Cont 4/11/2025 1.554% Due 5/11/2025 0.00 5,439.00 5,439.00 11/15/2023 Interest 91282CCC3 1,000,000.00 US Treasury Note 0.25% Due 5/15/2024 0.00 1,250.00 1,250.00 11/15/2023 Interest 341081GR2 550,000.00 Florida Power and Light Callable Note Cont 4/15/2026 4.45% Due 5/15/2026 0.00 12,033.54 12,033.54 11/15/2023 Interest 74456QBS4 337,000.00 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 5/15/2027 0.00 5,055.00 5,055.00 11/15/2023 Interest 717081DM2 500,000.00 Pfizer Inc. Note 3.4% Due 5/15/2024 0.00 8,500.00 8,500.00 11/15/2023 Maturity 91282CAW1 1,000,000.00 US Treasury Note 0.25% Due 11/15/2023 1,000,000.00 1,250.00 1,001,250.00 11/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 11/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 11/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 11/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 15,118.84 3,424.13 18,542.97 11/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 11/17/2023 Interest 58933YBH7 130,000.00 Merck & Co Callable Note Cont 4/17/2028 4.05% Due 5/17/2028 0.00 2,632.50 2,632.50 11/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 11/24/2023 Maturity 14912L5X5 1,000,000.00 Caterpillar Finance Serv Corp Note 3.75% Due 11/24/2023 1,000,000.00 18,750.00 1,018,750.00 11/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 26 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/25/2023 Paydown 3137FBBX3 240,000.00 FHLMC K068 A2 3.244% Due 8/25/2027 0.00 648.80 648.80 11/25/2023 Paydown 3137FBU79 500,000.00 FHLMC K069 A2 3.187% Due 9/25/2027 0.00 1,327.92 1,327.92 11/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 11/25/2023 Paydown 3137F1G44 450,000.00 FHLMC K065 A2 3.243% Due 4/25/2027 0.00 1,216.13 1,216.13 11/25/2023 Paydown 3137BVZ82 700,000.00 FHLMC K063 3.43% Due 1/25/2027 0.00 2,000.83 2,000.83 11/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 12,040.98 2,349.38 14,390.36 11/30/2023 Interest 9128285N6 500,000.00 US Treasury Note 2.875% Due 11/30/2025 0.00 7,187.50 7,187.50 11/30/2023 Interest 9128286X3 500,000.00 US Treasury Note 2.125% Due 5/31/2026 0.00 5,312.50 5,312.50 11/30/2023 Interest 912828YV6 700,000.00 US Treasury Note 1.5% Due 11/30/2024 0.00 5,250.00 5,250.00 11/30/2023 Maturity 912828U57 650,000.00 US Treasury Note 2.125% Due 11/30/2023 650,000.00 6,906.25 656,906.25 NOV 2023 2,677,159.82 111,231.39 2,788,391.21 12/06/2023 Interest 3130AWER7 775,000.00 FHLB Note 4.625% Due 6/6/2025 0.00 17,324.48 17,324.48 12/08/2023 Interest 24422EWX3 500,000.00 John Deere Capital Corp Note 4.75% Due 6/8/2026 0.00 11,875.00 11,875.00 12/10/2023 Interest 3130ATUS4 500,000.00 FHLB Note 4.25% Due 12/10/2027 0.00 10,625.00 10,625.00 12/12/2023 Interest 3130ATUC9 1,000,000.00 FHLB Note 4.5% Due 12/12/2025 0.00 22,500.00 22,500.00 12/12/2023 Interest 3130AWGR5 525,000.00 FHLB Note 4.375% Due 6/12/2026 0.00 10,910.16 10,910.16 12/15/2023 Maturity 91282CBA8 1,200,000.00 US Treasury Note 0.125% Due 12/15/2023 1,200,000.00 750.00 1,200,750.00 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 27 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2023 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 15,181.95 3,361.02 18,542.97 12/15/2023 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 12/15/2023 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 12/15/2023 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 12/15/2023 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 12/21/2023 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 12/23/2023 Interest 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021 0.35% Due 4/23/2024 0.00 1,750.00 1,750.00 12/25/2023 Paydown 3137F1G44 450,000.00 FHLMC K065 A2 3.243% Due 4/25/2027 0.00 1,216.13 1,216.13 12/25/2023 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 12/25/2023 Paydown 3137FBBX3 240,000.00 FHLMC K068 A2 3.244% Due 8/25/2027 0.00 648.80 648.80 12/25/2023 Paydown 3137FBU79 500,000.00 FHLMC K069 A2 3.187% Due 9/25/2027 0.00 1,327.92 1,327.92 12/25/2023 Paydown 3137BVZ82 700,000.00 FHLMC K063 3.43% Due 1/25/2027 0.00 2,000.83 2,000.83 12/25/2023 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 12,085.13 2,310.75 14,395.88 12/25/2023 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 12/31/2023 Interest 91282CGC9 1,000,000.00 US Treasury Note 3.875% Due 12/31/2027 0.00 19,375.00 19,375.00 12/31/2023 Interest 91282CCJ8 500,000.00 US Treasury Note 0.875% Due 6/30/2026 0.00 2,187.50 2,187.50 DEC 2023 1,227,267.08 118,610.50 1,345,877.58 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 28 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/02/2024 Interest 3135G0V75 750,000.00 FNMA Note 1.75% Due 7/2/2024 0.00 6,562.50 6,562.50 01/11/2024 Maturity 89236THU2 480,000.00 Toyota Motor Credit Corp Note 0.45% Due 1/11/2024 480,000.00 1,080.00 481,080.00 01/15/2024 Interest 756109AU8 500,000.00 Realty Income Corp Callable Note Cont 10/15/2027 3.65% Due 1/15/2028 0.00 9,125.00 9,125.00 01/15/2024 Interest 91282CGE5 1,000,000.00 US Treasury Note 3.875% Due 1/15/2026 0.00 19,375.00 19,375.00 01/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 01/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 01/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 01/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 15,245.35 3,297.62 18,542.97 01/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 01/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 01/23/2024 Maturity 693475AV7 900,000.00 PNC Financial Services Callable Note Cont 12/23/2023 3.5% Due 1/23/2024 900,000.00 15,750.00 915,750.00 01/23/2024 Maturity 17325FAS7 500,000.00 Citibank Callable Note Cont 12/23/2023 3.65% Due 1/23/2024 500,000.00 9,125.00 509,125.00 01/25/2024 Paydown 3137BVZ82 700,000.00 FHLMC K063 3.43% Due 1/25/2027 0.00 2,000.83 2,000.83 01/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 01/25/2024 Paydown 3137F1G44 450,000.00 FHLMC K065 A2 3.243% Due 4/25/2027 0.00 1,216.13 1,216.13 01/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 29 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/25/2024 Paydown 3137FBBX3 240,000.00 FHLMC K068 A2 3.244% Due 8/25/2027 0.00 648.80 648.80 01/25/2024 Paydown 3137FBU79 500,000.00 FHLMC K069 A2 3.187% Due 9/25/2027 0.00 1,327.92 1,327.92 01/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 12,129.44 2,271.98 14,401.42 JAN 2024 1,907,374.79 82,228.69 1,989,603.48 02/05/2024 Maturity 91159HHV5 1,000,000.00 US Bancorp Callable Note Cont 1/5/2024 3.375% Due 2/5/2024 1,000,000.00 16,875.00 1,016,875.00 02/05/2024 Maturity 3135G0V34 600,000.00 FNMA Note 2.5% Due 2/5/2024 600,000.00 7,500.00 607,500.00 02/15/2024 Interest 912828D56 1,000,000.00 US Treasury Note 2.375% Due 8/15/2024 0.00 11,875.00 11,875.00 02/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 15,309.00 3,233.97 18,542.97 02/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 02/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 02/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 02/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 02/16/2024 Maturity 96130ASC3 375,000.00 Westpac Banking Corp NY Yankee CD 5.38% Due 2/16/2024 375,000.00 20,455.21 395,455.21 02/21/2024 Interest 3133EPBF1 1,000,000.00 FFCB Note 4.875% Due 8/21/2024 0.00 24,375.00 24,375.00 02/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 02/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 02/25/2024 Paydown 3137BVZ82 700,000.00 FHLMC K063 3.43% Due 1/25/2027 0.00 2,000.83 2,000.83 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 30 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/25/2024 Paydown 3137F1G44 450,000.00 FHLMC K065 A2 3.243% Due 4/25/2027 0.00 1,216.13 1,216.13 02/25/2024 Paydown 3137FBBX3 240,000.00 FHLMC K068 A2 3.244% Due 8/25/2027 0.00 648.80 648.80 02/25/2024 Paydown 3137FBU79 500,000.00 FHLMC K069 A2 3.187% Due 9/25/2027 0.00 1,327.92 1,327.92 02/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 02/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 12,173.92 2,233.06 14,406.98 02/28/2024 Interest 3130AV7L0 1,100,000.00 FHLB Note 5% Due 2/28/2025 0.00 27,500.00 27,500.00 02/29/2024 Interest 91282CAJ0 1,200,000.00 US Treasury Note 0.25% Due 8/31/2025 0.00 1,500.00 1,500.00 02/29/2024 Interest 91282CBQ3 500,000.00 US Treasury Note 0.5% Due 2/28/2026 0.00 1,250.00 1,250.00 FEB 2024 2,002,482.92 132,438.83 2,134,921.75 03/01/2024 Maturity 713448CM8 500,000.00 Pepsico Inc. Callable Note Cont 12/01/2023 3.6% Due 3/1/2024 500,000.00 9,000.00 509,000.00 03/12/2024 Interest 3130ATHT7 1,300,000.00 FHLB Note 4.375% Due 9/12/2025 0.00 28,437.50 28,437.50 03/13/2024 Interest 46647PBH8 600,000.00 JP Morgan Chase & Co Callable Note Mthly 3/13/2025 2.005% Due 3/13/2026 0.00 6,015.00 6,015.00 03/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 03/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 03/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 15,372.91 3,170.06 18,542.97 03/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 03/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 31 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 03/25/2024 Paydown 3137F1G44 450,000.00 FHLMC K065 A2 3.243% Due 4/25/2027 0.00 1,216.13 1,216.13 03/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 12,218.56 2,194.00 14,412.56 03/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 03/25/2024 Paydown 3137BVZ82 700,000.00 FHLMC K063 3.43% Due 1/25/2027 0.00 2,000.83 2,000.83 03/25/2024 Paydown 3137FBBX3 240,000.00 FHLMC K068 A2 3.244% Due 8/25/2027 0.00 648.80 648.80 03/25/2024 Paydown 3137FBU79 500,000.00 FHLMC K069 A2 3.187% Due 9/25/2027 0.00 1,327.92 1,327.92 03/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 03/30/2024 Interest 69371RS49 600,000.00 Paccar Financial Corp Note 4.45% Due 3/30/2026 0.00 13,350.00 13,350.00 03/31/2024 Interest 9128282Y5 1,000,000.00 US Treasury Note 2.125% Due 9/30/2024 0.00 10,625.00 10,625.00 03/31/2024 Interest 91282CAM3 500,000.00 US Treasury Note 0.25% Due 9/30/2025 0.00 625.00 625.00 MAR 2024 527,591.47 89,058.15 616,649.62 04/15/2024 Maturity 91282CBV2 1,000,000.00 US Treasury Note 0.375% Due 4/15/2024 1,000,000.00 1,875.00 1,001,875.00 04/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 15,437.10 3,105.87 18,542.97 04/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 04/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 04/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 32 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 04/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 04/22/2024 Maturity 3133EMWV0 1,000,000.00 FFCB Note 0.35% Due 4/22/2024 1,000,000.00 1,750.00 1,001,750.00 04/23/2024 Maturity 3130AMQQ8 1,000,000.00 FHLB Callable Note Qtrly 12/23/2021 0.35% Due 4/23/2024 1,000,000.00 1,166.67 1,001,166.67 04/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 04/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 04/25/2024 Paydown 3137FBBX3 240,000.00 FHLMC K068 A2 3.244% Due 8/25/2027 0.00 648.80 648.80 04/25/2024 Paydown 3137FBU79 500,000.00 FHLMC K069 A2 3.187% Due 9/25/2027 0.00 1,327.92 1,327.92 04/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 12,263.36 2,154.80 14,418.16 04/25/2024 Paydown 3137BVZ82 700,000.00 FHLMC K063 3.43% Due 1/25/2027 0.00 2,000.83 2,000.83 04/25/2024 Paydown 3137F1G44 450,000.00 FHLMC K065 A2 3.243% Due 4/25/2027 0.00 1,216.13 1,216.13 04/26/2024 Interest 06406RBQ9 350,000.00 Bank of NY Mellon Corp Callable Note Cont 4/26/2026 4.947% Due 4/26/2027 0.00 8,657.25 8,657.25 04/26/2024 Maturity 3136G46B4 1,200,000.00 FNMA Callable Note Qtrly 01/26/2024 0.35% Due 4/26/2024 1,200,000.00 2,100.00 1,202,100.00 04/30/2024 Interest 91282CBW0 500,000.00 US Treasury Note 0.75% Due 4/30/2026 0.00 1,875.00 1,875.00 04/30/2024 Interest 912828YM6 1,000,000.00 US Treasury Note 1.5% Due 10/31/2024 0.00 7,500.00 7,500.00 APR 2024 4,227,700.46 45,826.18 4,273,526.64 05/03/2024 Interest 00440EAV9 500,000.00 Chubb INA Holdings Inc Callable Note Cont 2/3/2026 3.35% Due 5/3/2026 0.00 8,375.00 8,375.00 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 33 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/06/2024 Maturity 3133EMYR7 1,000,000.00 FFCB Callable Note Cont 5/6/2022 0.375% Due 5/6/2024 1,000,000.00 1,875.00 1,001,875.00 05/11/2024 Interest 166764BW9 700,000.00 Chevron Corp Callable Note Cont 4/11/2025 1.554% Due 5/11/2025 0.00 5,439.00 5,439.00 05/15/2024 Interest 74456QBS4 337,000.00 Public Service El & Gas Callable Note Cont 2/15/2027 3% Due 5/15/2027 0.00 5,055.00 5,055.00 05/15/2024 Interest 341081GR2 550,000.00 Florida Power and Light Callable Note Cont 4/15/2026 4.45% Due 5/15/2026 0.00 12,237.50 12,237.50 05/15/2024 Maturity 717081DM2 500,000.00 Pfizer Inc. Note 3.4% Due 5/15/2024 500,000.00 8,500.00 508,500.00 05/15/2024 Maturity 91282CCC3 1,000,000.00 US Treasury Note 0.25% Due 5/15/2024 1,000,000.00 1,250.00 1,001,250.00 05/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 05/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 15,501.54 3,041.43 18,542.97 05/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 05/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 05/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 0.00 1,128.83 1,128.83 05/17/2024 Interest 58933YBH7 130,000.00 Merck & Co Callable Note Cont 4/17/2028 4.05% Due 5/17/2028 0.00 2,632.50 2,632.50 05/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 05/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 0.00 1,870.50 1,870.50 05/25/2024 Paydown 3137FBBX3 240,000.00 FHLMC K068 A2 3.244% Due 8/25/2027 0.00 648.80 648.80 05/25/2024 Paydown 3137FBU79 500,000.00 FHLMC K069 A2 3.187% Due 9/25/2027 0.00 1,327.92 1,327.92 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 34 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/25/2024 Paydown 3137BVZ82 700,000.00 FHLMC K063 3.43% Due 1/25/2027 0.00 2,000.83 2,000.83 05/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 05/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 12,308.32 2,115.46 14,423.78 05/25/2024 Paydown 3137F1G44 450,000.00 FHLMC K065 A2 3.243% Due 4/25/2027 0.00 1,216.13 1,216.13 05/31/2024 Interest 9128286X3 500,000.00 US Treasury Note 2.125% Due 5/31/2026 0.00 5,312.50 5,312.50 05/31/2024 Interest 9128285N6 500,000.00 US Treasury Note 2.875% Due 11/30/2025 0.00 7,187.50 7,187.50 05/31/2024 Interest 912828YV6 700,000.00 US Treasury Note 1.5% Due 11/30/2024 0.00 5,250.00 5,250.00 MAY 2024 2,527,809.86 83,912.48 2,611,722.34 06/06/2024 Interest 3130AWER7 775,000.00 FHLB Note 4.625% Due 6/6/2025 0.00 17,921.88 17,921.88 06/08/2024 Interest 24422EWX3 500,000.00 John Deere Capital Corp Note 4.75% Due 6/8/2026 0.00 11,875.00 11,875.00 06/10/2024 Interest 3130ATUS4 500,000.00 FHLB Note 4.25% Due 12/10/2027 0.00 10,625.00 10,625.00 06/12/2024 Interest 3130ATUC9 1,000,000.00 FHLB Note 4.5% Due 12/12/2025 0.00 22,500.00 22,500.00 06/12/2024 Interest 3130AWGR5 525,000.00 FHLB Note 4.375% Due 6/12/2026 0.00 11,484.38 11,484.38 06/15/2024 Paydown 47800CAC0 880,000.00 John Deere Owner Trust 2023-A A3 5.01% Due 11/15/2027 15,566.27 2,976.70 18,542.97 06/15/2024 Paydown 89239HAD0 350,000.00 Toyota Auto Receivables Owner 20222-D A3 5.3% Due 9/15/2027 0.00 1,545.83 1,545.83 06/15/2024 Paydown 02582JJT8 600,000.00 American Express Credit Trust 2022-2 A 3.39% Due 5/17/2027 0.00 1,695.00 1,695.00 06/15/2024 Paydown 05522RDF2 440,000.00 Bank of America Credit Card Tr 2022-A2 A2 5% Due 4/15/2028 0.00 1,833.33 1,833.33 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 35 Cash Flow Report As of June 30, 2023 City of San Rafael Account #11045 Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/15/2024 Paydown 58768PAC8 260,000.00 Mercedes-Benz Auto Receivables 2022-1 A3 5.21% Due 8/16/2027 10,297.20 1,128.83 11,426.03 06/21/2024 Paydown 43815JAC7 120,000.00 Honda Auto Receivables Owner 2023-1 A3 5.04% Due 4/21/2027 0.00 504.00 504.00 06/25/2024 Paydown 3137FETN0 670,000.00 FHLMC K073 A2 3.35% Due 1/25/2028 0.00 1,870.42 1,870.42 06/25/2024 Paydown 3137FG6X8 780,000.00 FHLMC K077 A2 3.85% Due 5/25/2028 12,353.45 2,075.97 14,429.42 06/25/2024 Paydown 05593AAC3 435,000.00 BMW Vehicle Lease Trust 2023-1 A3 5.16% Due 11/25/2025 42,754.72 1,870.50 44,625.22 06/25/2024 Paydown 3137BVZ82 700,000.00 FHLMC K063 3.43% Due 1/25/2027 0.00 2,000.83 2,000.83 06/25/2024 Paydown 3137F1G44 450,000.00 FHLMC K065 A2 3.243% Due 4/25/2027 0.00 1,216.13 1,216.13 06/25/2024 Paydown 3137FBBX3 240,000.00 FHLMC K068 A2 3.244% Due 8/25/2027 0.00 648.80 648.80 06/25/2024 Paydown 3137FBU79 500,000.00 FHLMC K069 A2 3.187% Due 9/25/2027 0.00 1,327.92 1,327.92 JUN 2024 80,971.64 95,100.52 176,072.16 TOTAL 17,235,933.06 1,101,333.73 18,337,266.79 Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 36 Important DisclosuresCity of San Rafael Account #11045 Chandler Asset Management, Inc. ;͞Chandler͟Ϳis an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV). To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com. Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice. Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account. Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A. Performance: Performance results are presented gross-of-advisory fees and represent the client ͛s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio. Source ice Data Indices, LLC ("ICE"), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN "AS IS" BASIS; ICE, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN "AS IS" BASIS AND LICENSEE'S USE IS AT LICENSEE'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES. Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index. Ratings: Ratings information have been provided by Moody͛s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy. Security level ratings for U.S. Agency issued mortgage-backed securities ;͞MBS͟Ϳreflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody ͛s and Fitch respectively. Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 37 Benchmark Index & DisclosuresCity of San Rafael Account #11045 Benchmark Index Disclosure ICE BofA 1-3 Yr US Treasury & Agency Index The ICE BofA 1-3 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody ͛s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. Execution Time: 7/4/2023 2:22:31 PMChandler Asset Management - CONFIDENTIAL Page 38