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CC 01-17-2024 Oral Communications_3CC 1-17-2023 Written Communications Oral Communications From:Rhoda Fry To:City Clerk; City Council Subject:City Council 1/17/2024 Non-Agenda - Why don"t we get more data in the treasurer"s report? Date:Wednesday, January 17, 2024 4:03:24 PM Attachments:PR23073_Responsive.pdf CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Dear City Council, Why don't we get more data in the treasurer's report? We have many accounts that we don’t receive data for. Why is Zach Korach still listed on the BNY MELLON Account (see pdf page 85) – he left the city a long time ago. Cupertino has a lot more money stashed away than is being shared with the public. I’d like to see more transparency. Thanks, Rhoda Fry See Attached CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com INVESTMENT REPORT Period Ending September 30, 2023 City of Cupertino SECTION 1 Economic Update SECTION 2 Account Profile SECTION 3 Portfolio Holdings SECTION 4 Transactions Table of Contents As of September 30, 2023 1 SECTION |Section 1 |Economic Update 2 Economic Update    Recent economic data continues to suggest positive but below trend growth this year.Although the pace of job growth is moderating,labor markets remain solid,and the U.S.consumer has demonstrated resiliency. Inflationary trends are subsiding, but core levels remain well above the Fed’s target.Given the cumulative effects of restrictive monetary policy and tighter financial conditions,we believe the economy will gradually soften and the Fed will remain data dependent as they tread cautiously going forward. As anticipated at the September meeting,the Federal Open Market Committee voted unanimously to maintain the target Federal Funds at the range of 5.25 -5.50%.The Fed’s Summary of Economic Projections (SEP)also revealed expectations of higher economic growth,reduced unemployment, and a gradual easing of inflation compared to earlier forecasts.The Fed is continuing to focus on achieving price stability and bringing inflation down toward their 2%policy objective,while leaving the option open for the possibility of additional rate hikes in the future if needed. The yield curve remained inverted in September.The 2-year Treasury yield increased 18 basis points to 5.05%,the 5-year Treasury yield rose 36 basis points to 4.61%,and the 10-year Treasury yield increased 46 basis points to 4.57%.The inversion between the 2-year Treasury yield and 10-year Treasury yield narrowed to -48 basis points at September month-end versus -76 basis points at August month- end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -45 basis points. The inversion between 3-month and 10-year Treasuries narrowed to -88 basis points in September from -134 basis points in August. The shape of the yield curve indicates that the probability of recession persists. 3 Employment -400 -200 0 200 400 600 800 1,000 MO M C h a n g e I n T h o u s a n d s ( 0 0 0 ' s ) Nonfarm Payroll (000's) Non-farm Payroll (000's) 3 month average (000's) 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% Unemployment Rate Underemployment Rate (U6) Unemployment Rate (U3) Ra t e ( % ) The U.S.economy added 187,000 jobs in August,exceeding consensus expectations, and the last two months were revised downward by 110,000 jobs.The pace of job growth is softening with the three-month moving average payrolls at 150,000 and the six-month moving average at 194,000.The unemployment rate rose to 3.8%in August from 3.5%in July, and the labor force participation rate increased to 62.8%,the highest level since February of 2020.The U-6 underemployment rate,which includes those who are marginally attached to the labor force and employed part time for economic reasons,increased to 7.1%from the prior month at 6.7%.Average hourly earnings declined to 4.3%year-over-year in August from 4.4%in July.While the U.S.labor market is moderating,employment remains strong by historical standards. Source: US Department of Labor Source: US Department of Labor 4 Inflation 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% Consumer Price Index (CPI) CPI YOY % Change Core CPI YOY % Change YO Y ( % ) C h a n g e 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% Personal Consumption Expenditures (PCE) PCE Price Deflator YOY % Change PCE Core Deflator YOY % Change Fed Target YO Y ( % ) C h a n g e The Consumer Price Index (CPI) increased in August by 0.6% month-over-month and 3.7% year-over-year, accelerating from 3.2% year-over- year in July due to surging energy prices.The Core CPI,which excludes volatile food and energy components,was up 0.3%month-over- month and 4.3% year-over-year, decelerating from 4.7% last month. Shelter remained the largest contributor to the Core CPI increase. The Personal Consumption Expenditures (PCE)index rose 0.4%month-over-month and 3.5%year-over-year in August, up from a 3.4%year- over-year gain in July.Core PCE,the Federal Reserve’s preferred inflation gauge,increased just 0.1%month-over-month and 3.9%year- over-year in August,down from a 4.3%increase in July.Personal income and spending remained relatively healthy, but the personal savings rate continued its declining trend to 3.9% in August from 4.1% in July. Inflation remains above the Fed's 2% target. Source: US Department of Labor Source: US Department of Commerce 5 Federal Reserve Source: Federal Reserve Source: Bloomberg 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000 Federal Reserve Balance Sheet Assets Recession In $ m i l l i o n s At the September meeting,the Federal Open Market Committee voted unanimously to leave the Federal Funds rate unchanged at a target range of 5.25 -5.50%.Nonetheless,the Fed conveyed a consensus view that another rate hike is possible later in the year,along with its commitment to keeping rates at their current level until inflation subsides closer to its 2%target,endorsing a data-dependent 'higher-for- longer'strategy.The Fed’s Summary of Economic Projections (SEP)also revealed expectations of higher economic growth,reduced unemployment, and a gradual easing of inflation compared to earlier forecasts.We believe the resiliency of future economic data will determine if the Federal Reserve can stay on hold for or will tighten policy further to curb inflation.Since the Federal Reserve began its Quantitative Tightening campaign in June 2022, securities holdings have declined by over $1 trillion to $8.024T. 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Effective Federal Funds Rate Recession Yi e l d ( % ) 6 Bond Yields Source: Bloomberg Source: Bloomberg 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% US Treasury Note Yields 2-Year 5-Year 10-Year Yi e l d ( % ) 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% US Treasury Yield Curve Sep-23 Jun-23 Sep-22 Yi e l d ( % ) At the end of September,the 2-year Treasury yield was 77 basis points higher, and the 10-Year Treasury yield was about 74 basis points higher,year-over-year.The inversion between the 2-year Treasury yield and 10-year Treasury yield narrowed to -48 basis points at September month-end versus -76 basis points at August month-end. The average historical spread (since 2003)is about +130 basis points. The inversion between 3-month and 10-year Treasuries narrowed to -88 basis points in September from -134 basis points in August. The shape of the yield curve indicates that the probability of recession persists. 7 Section 2|SECTION |Section 2 |Account Profile 8 Objectives Chandler Asset Management Performance Objective The performance objective for the portfolio is to earn a total rate of return through a market cycle that is equal to or above the return on the benchmark index. Investment Objectives The City of Cupertino’s investment objectives, in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs and a market rate of return consistent with the investment program. Strategy In order to achieve these objectives, the portfolio invests in high quality fixed incomes securities consistent with the investment policy and California Government Code. As of September 30, 2023 9 Compliance As of September 30, 2023 Category Standard Comment Treasury Issues No Limitation Complies Agency Issues 25% per Agency/GSE issuer; 20% max agency callable securities; Issued by Federal Agencies or U.S. Government Sponsored Enterprise obligations.Complies Supranational "AA" rating category or better by a NRSRO; 30% maximum; 10% max per issuer; USD denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by IBRD, IFC, or IADB.Complies Municipal Securities "A" rating category or better by a NRSRO; 30% maximum; 5% max per issuer; Obligations of the City, State of California, and any local agency within the State of California; Obligations of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 states in addition to California. Complies Corporate Medium Term Notes "A" rating category or better by a NRSRO; 30% maximum; 5% max per issuer; Issued by corporations organized and operating within the U.S. or by depository institutions licensed by the U.S. or any state and operating within the U.S.Complies Asset Backed/ Mortgage Backed/ Collateralized Mortgage Obligation "AA" rating category or better by a NRSRO; 20% maximum; 5% max per issuer on Asset-Backed or Commercial Mortgage security; There is no issuer limitation on any Mortgage security where the issuer is the U.S. Treasury or a Federal Agency/GSE . Complies Negotiable Certificates of Deposit (NCDs) No rating required if amount of the NCD is insured up to the FDIC limit; If above FDIC insured limit, requires "A-1" short- term rated or "A" long-term rating category or better by a NRSRO; 30% maximum; 5% max per issuer; Issued by nationally or state chartered banks, state or federal savings associations, or state or federal credit unions, or by a federally licensed or state-licensed branch of a foreign bank. Complies Certificates of Deposit (CDs)/Time Deposit (TDs) 30% maximum; 5% max per issuer; Certificates of Deposit, Time Deposit, non-negotiable, and collateralized in accordance with California Government Code.Complies Banker’s Acceptances "A-1" short-term rated or better by a NRSRO; or "A" long-term rating category or better by a NRSRO; 40% maximum; 5% max per issuer; 180 days max maturity Complies Commercial Paper "A-1" short term rated or better a NRSRO; "A" long-term issuer rating category or better by a NRSRO; 25% maximum; 5% max per issuer; 270 days max maturity; Issued by corporations organized and operating in the U.S. with assets > $500 million; 10% max outstanding paper of the issuing corporation. Complies Money Market Funds 20% maximum; Daily money market funds administered for or by trustees, paying agents and custodian banks contracted by a City of Cupertino as allowed under California Government Code; Only funds holding U.S. Treasury obligations, Government agency obligations or repurchase agreements collateralized by U.S. Treasury or Government agency obligations can be utilized. Complies Local Agency Investment Fund (LAIF) Maximum amount permitted by LAIF; Not used by investment adviser Complies City of Cupertino Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy. 10 Compliance As of September 30, 2023 Category Standard Comment Repurchase Agreements 1 year max maturity; 102% collateralized; A PSA Master Repurchase Agreement is required between City of Cupertino and the broke/dealer or financial institution for all repurchase agreements; Not used by investment adviser Complies Prohibited Securities Reverse Repurchase Agreement; Common stocks; Long-term (> 5 years maturity) notes and bonds; Special circumstances arise that necessitate purchase of securities beyond the 5-year limitation. On such occasions, request must be approved by City Council prior to purchase; Futures/Options; Inverse floaters; Ranges notes, Mortgage-derived, Interest-only strips; Zero interest accrual securities; Purchasing/selling securities on margin; Foreign currency denominated securities. Complies Minimum Budgeted Operating Expenditures in Short Term Investments Minimum 6 months of budgeted operating expenditures in short term investments to provide sufficient liquidity for expected disbursements Complies Max Per Issuer 5% per issuer, unless otherwise specified in the policy Complies Maximum maturity 5 years Complies City of Cupertino Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy. 11 Portfolio Summary – City of Cupertino #10659 As of September 30, 2023 12 Purchase Yield as of 09/30/23 = 2.03% 0.00 0.50 1.00 1.50 2.00 2.50 Pe r c e n t ( % ) Historical Average Purchase Yield City of Cupertino As of September 30, 2023 13 SECTION |Section 3 |Portfolio Holdings 14 Issue Name Investment Type % Portfolio Government of United States US Treasury 37.21% Federal National Mortgage Association Agency 8.82% Federal Home Loan Mortgage Corp Agency 4.35% Federal Home Loan Mortgage Corp CMO 3.77% Inter-American Dev Bank Supranational 3.34% Federal Home Loan Bank Agency 2.29% American Express ABS ABS 1.87% John Deere ABS ABS 1.69% Royal Bank of Canada Corporate 1.66% Toyota Motor Corp Corporate 1.60% JP Morgan Chase & Co Corporate 1.55% Bank of New York Corporate 1.54% Bank of America Corp Corporate 1.54% Hyundai Auto Receivables ABS 1.53% International Finance Corp Supranational 1.53% Intl Bank Recon and Development Supranational 1.46% Toronto Dominion Holdings Corporate 1.43% Northwestern Mutual Glbl Corporate 1.27% Paccar Financial Corporate 1.25% Bank of Montreal Chicago Corporate 1.17% Salesforce.com Inc Corporate 1.13% Amazon.com Inc Corporate 1.13% Metlife Inc Corporate 1.11% Prudential Financial Inc Corporate 1.11% Air Products & Chemicals Corporate 1.10% New York Life Global Funding Corporate 1.06% United Health Group Inc Corporate 1.06% Berkshire Hathaway Corporate 0.99% Guardian Life Global Funding Corporate 0.84% Honda ABS ABS 0.83% US Bancorp Corporate 0.81% Toyota Lease Owner Trust ABS 0.72% GM Financial Automobile Leasing Trust ABS 0.72% Caterpillar Inc Corporate 0.71% GM Financial Securitized Term Auto Trust ABS 0.63% MasterCard Inc Corporate 0.63% Mass Mutual Insurance Corporate 0.59% Charles Schwab Corp/The Corporate 0.57% Issuers City of Cupertino – Account #10659 As of September 30, 2023 15 Issue Name Investment Type % Portfolio State of California Municipal Bonds 0.49% Toyota ABS ABS 0.46% Northern Trust Corp Corporate 0.43% Morgan Stanley Corporate 0.41% Verizon Master Trust ABS 0.38% BMW ABS ABS 0.34% Hyundai Auto Lease Securitization ABS 0.27% BMW Vehicle Lease Trust ABS 0.21% Wal-Mart Stores Corporate 0.21% Wells Fargo 100% Treasury MMKT Fund Money Market Fund 0.17% Verizon Owner Trust ABS 0.00% TOTAL 100.00% Issuers City of Cupertino – Account #10659 As of September 30, 2023 16 Holdings Report City of Cupertino - Account #10659 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 43813KAC6 Honda Auto Receivables Trust 2020-3 A3 0.370% Due 10/18/2024 68,329.04 09/22/2020 0.38% 68,319.00 68,328.62 99.16 6.01% 67,757.13 9.13 0.05% (571.49) NR / AAA AAA 1.05 0.15 36262XAC8 GM Financial Auto Lease Trust 2021-3 A2 0.390% Due 10/21/2024 316,458.74 08/10/2021 0.39% 316,454.44 316,458.20 99.36 5.86% 314,421.06 37.71 0.21% (2,037.14) NR / AAA AAA 1.06 0.12 47787NAC3 John Deere Owner Trust 2020-B A3 0.510% Due 11/15/2024 6,102.55 07/14/2020 0.52% 6,101.62 6,102.47 99.78 5.99% 6,089.18 1.38 0.00% (13.29) Aaa / NR AAA 1.13 0.04 09690AAC7 BMW Vehicle Lease Trust 2021-2 A3 0.330% Due 12/26/2024 80,650.65 09/08/2021 0.34% 80,642.32 80,649.80 99.43 5.99% 80,192.79 4.44 0.05% (457.01) Aaa / NR AAA 1.24 0.10 89236XAC0 Toyota Auto Receivables 2020-D A3 0.350% Due 01/15/2025 38,748.02 10/06/2020 0.36% 38,740.80 38,745.83 99.47 6.23% 38,542.62 6.03 0.03% (203.21) NR / AAA AAA 1.30 0.09 44891WAC3 Hyundai Auto Lease Trust 2022-A A3 1.160% Due 01/15/2025 408,599.02 01/11/2022 1.16% 408,590.00 408,596.85 98.90 5.84% 404,104.84 210.66 0.27% (4,492.01) Aaa / AAA NR 1.30 0.23 92290BAA9 Verizon Owner Trust 2020-B A 0.470% Due 02/20/2025 5,413.17 08/04/2020 0.48% 5,412.03 5,412.82 99.80 4.84% 5,402.16 0.78 0.00% (10.66) Aaa / NR AAA 1.39 0.05 89238LAC4 Toyota Lease Owner Trust 2022-A A3 1.960% Due 02/20/2025 1,100,310.19 02/23/2022 1.98% 1,100,137.00 1,100,256.16 98.72 6.07% 1,086,187.71 658.96 0.72% (14,068.45) NR / AAA AAA 1.39 0.31 36265MAC9 GM Financial Auto Lease Trust 2022-1 A3 1.900% Due 03/20/2025 779,035.85 02/15/2022 1.91% 779,029.15 779,034.13 98.72 6.18% 769,088.34 452.27 0.51% (9,945.79) Aaa / NR AAA 1.47 0.30 05601XAC3 BMW Vehicle Lease Trust 2022-1 A3 1.100% Due 03/25/2025 242,643.65 01/11/2022 1.11% 242,607.39 242,635.63 98.83 6.13% 239,796.23 44.48 0.16% (2,839.40) NR / AAA AAA 1.48 0.23 43813GAC5 Honda Auto Receivables Trust 2021-1 A3 0.270% Due 04/21/2025 82,104.42 02/17/2021 0.27% 82,102.92 82,104.19 98.22 6.10% 80,642.80 6.16 0.05% (1,461.39) Aaa / NR AAA 1.56 0.30 89240BAC2 Toyota Auto Receivables Owners 2021-A A3 0.260% Due 05/15/2025 304,955.87 02/02/2021 0.27% 304,899.28 304,947.56 98.27 6.03% 299,692.94 35.24 0.20% (5,254.62) Aaa / NR AAA 1.62 0.30 44933LAC7 Hyundai Auto Receivables Trust 2021-A A3 0.380% Due 09/15/2025 223,739.67 04/20/2021 0.38% 223,716.13 223,734.87 97.97 5.89% 219,199.99 37.79 0.15% (4,534.88) NR / AAA AAA 1.96 0.37 43815GAC3 Honda Auto Receivables Trust 2021-4 A3 0.880% Due 01/21/2026 394,284.05 11/16/2021 0.89% 394,200.93 394,248.35 96.10 6.44% 378,912.10 96.38 0.25% (15,336.25) Aaa / NR AAA 2.31 0.70 47789QAC4 John Deere Owner Trust 2021-B A3 0.520% Due 03/16/2026 428,221.60 07/13/2021 0.52% 428,183.40 428,206.38 96.59 5.88% 413,602.97 98.97 0.28% (14,603.41) Aaa / NR AAA 2.46 0.64 89238JAC9 Toyota Auto Receivables Trust 2021-D A3 0.710% Due 04/15/2026 371,935.67 11/09/2021 0.71% 371,927.74 371,932.31 96.20 6.20% 357,795.79 117.37 0.24% (14,136.52) NR / AAA AAA 2.54 0.69 43815BAC4 Honda Auto Receivables Trust 2022-1 A3 1.880% Due 05/15/2026 740,000.00 02/15/2022 1.89% 739,888.70 739,944.02 96.48 5.78% 713,930.55 618.31 0.48% (26,013.47) Aaa / AAA NR 2.62 0.91 As of September 30, 2023 17 Holdings Report City of Cupertino - Account #10659 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 44935FAD6 Hyundai Auto Receivables Trust 2021-C A3 0.740% Due 05/15/2026 1,139,633.54 Various 2.03% 1,110,818.51 1,126,432.12 96.64 5.94% 1,101,352.12 374.81 0.73% (25,080.00) NR / AAA AAA 2.62 0.64 05602RAD3 BMW Vehicle Owner Trust 2022-A A3 3.210% Due 08/25/2026 530,000.00 05/10/2022 3.23% 529,972.44 529,984.62 97.56 5.95% 517,042.03 283.55 0.34% (12,942.59) Aaa / AAA NR 2.90 0.90 362554AC1 GM Financial Securitized Term 2021-4 A3 0.680% Due 09/16/2026 301,789.22 10/13/2021 0.68% 301,781.53 301,785.93 95.94 6.21% 289,531.75 85.51 0.19% (12,254.18) Aaa / AAA NR 2.96 0.73 47787JAC2 John Deere Owner Trust 2022-A A3 2.320% Due 09/16/2026 450,000.00 03/10/2022 2.34% 449,900.46 449,944.35 96.82 6.16% 435,667.95 464.00 0.29% (14,276.40) Aaa / NR AAA 2.96 0.83 448977AD0 Hyundai Auto Receivables Trust 2022-A A3 2.220% Due 10/15/2026 1,010,000.00 03/09/2022 2.23% 1,009,961.12 1,009,979.59 96.77 5.74% 977,341.64 996.53 0.65% (32,637.95) NR / AAA AAA 3.04 0.92 380146AC4 GM Financial Auto Receivables 2022-1 A3 1.260% Due 11/16/2026 292,304.20 01/11/2022 1.27% 292,278.79 292,291.78 96.63 5.58% 282,455.01 153.46 0.19% (9,836.77) NR / AAA AAA 3.13 0.78 362585AC5 GM Financial Securitized ART 2022-2 A3 3.100% Due 02/16/2027 390,000.00 04/05/2022 3.13% 389,918.49 389,953.39 97.21 5.72% 379,106.52 503.75 0.25% (10,846.87) Aaa / AAA NR 3.38 1.08 47800AAC4 John Deere Owner Trust 2022-B A3 3.740% Due 02/16/2027 655,000.00 07/12/2022 3.77% 654,937.45 654,958.43 97.34 5.85% 637,595.34 1,088.76 0.43% (17,363.09) Aaa / NR AAA 3.38 1.28 02589BAA8 American Express Credit Accoun 22-1 A 2.210% Due 03/15/2027 1,545,000.00 03/21/2022 2.69% 1,524,359.77 1,534,926.51 95.18 5.75% 1,470,461.48 1,517.53 0.98% (64,465.03) Aaa / NR AAA 3.46 1.39 02582JJT8 American Express Credit Trust 2022-2 A 3.390% Due 05/17/2027 1,375,000.00 05/17/2022 3.42% 1,374,695.85 1,374,834.35 96.51 5.72% 1,326,969.88 2,071.67 0.89% (47,864.47) NR / AAA AAA 3.63 1.53 47800BAC2 John Deere Owner Trust 2022-C A3 5.090% Due 06/15/2027 1,050,000.00 10/12/2022 5.15% 1,049,918.52 1,049,939.70 98.93 5.85% 1,038,783.90 2,375.33 0.69% (11,155.80) Aaa / NR AAA 3.71 1.51 92348KAV5 Verizon Master Trust 2022-5 A1A 3.720% Due 07/20/2027 570,000.00 08/02/2022 3.75% 569,974.92 569,985.22 99.36 4.97% 566,374.23 647.90 0.38% (3,610.99) NR / AAA AAA 3.81 0.86 TOTAL ABS 14,900,259.12 2.35% 14,849,470.70 14,876,354.18 5.87% 14,498,041.05 12,998.86 9.67% (378,313.13) Aaa / AAA AAA 2.73 0.87 Agency 3137EAFA2 FHLMC Note 0.250% Due 12/04/2023 855,000.00 12/02/2020 0.28% 854,153.55 854,950.53 99.11 5.27% 847,428.12 694.69 0.57% (7,522.41) Aaa / AA+ AA+ 0.18 0.18 3130A1XJ2 FHLB Note 2.875% Due 06/14/2024 1,500,000.00 06/18/2019 1.96% 1,564,890.20 1,509,153.01 98.08 5.68% 1,471,263.00 12,817.70 0.99% (37,890.01) Aaa / AA+ NR 0.71 0.68 3135G0V75 FNMA Note 1.750% Due 07/02/2024 1,500,000.00 07/16/2019 1.96% 1,484,895.00 1,497,707.57 97.24 5.53% 1,458,543.00 6,489.58 0.98% (39,164.57) Aaa / AA+ AA+ 0.76 0.73 3130A2UW4 FHLB Note 2.875% Due 09/13/2024 2,000,000.00 09/13/2019 1.79% 2,103,380.00 2,019,723.82 97.56 5.54% 1,951,132.00 2,875.00 1.30% (68,591.82) Aaa / AA+ NR 0.96 0.92 As of September 30, 2023 18 Holdings Report City of Cupertino - Account #10659 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 3135G0W66 FNMA Note 1.625% Due 10/15/2024 1,975,000.00 Various 1.73% 1,965,802.75 1,973,031.96 96.15 5.48% 1,898,909.18 14,798.79 1.28% (74,122.78) Aaa / AA+ AA+ 1.04 1.00 3135G0X24 FNMA Note 1.625% Due 01/07/2025 1,295,000.00 Various 1.38% 1,309,953.95 1,298,945.00 95.43 5.39% 1,235,850.88 4,910.21 0.83% (63,094.12) Aaa / AA+ AA+ 1.27 1.22 3137EAEP0 FHLMC Note 1.500% Due 02/12/2025 2,365,000.00 02/13/2020 1.52% 2,363,178.95 2,364,501.08 95.05 5.30% 2,247,972.71 4,828.54 1.50% (116,528.37) Aaa / AA+ AA+ 1.37 1.32 3135G03U5 FNMA Note 0.625% Due 04/22/2025 1,860,000.00 04/22/2020 0.67% 1,856,168.40 1,858,804.73 93.06 5.31% 1,730,997.84 5,134.38 1.16% (127,806.89) Aaa / AA+ AA+ 1.56 1.51 3135G04Z3 FNMA Note 0.500% Due 06/17/2025 2,500,000.00 Various 0.50% 2,499,227.30 2,499,807.58 92.46 5.15% 2,311,495.00 3,611.11 1.54% (188,312.58) Aaa / AA+ AA+ 1.72 1.66 3137EAEU9 FHLMC Note 0.375% Due 07/21/2025 1,250,000.00 07/21/2020 0.48% 1,243,775.00 1,247,750.95 91.91 5.12% 1,148,878.75 911.46 0.77% (98,872.20) Aaa / AA+ AA+ 1.81 1.76 3135G05X7 FNMA Note 0.375% Due 08/25/2025 2,500,000.00 Various 0.48% 2,487,983.75 2,495,296.26 91.47 5.14% 2,286,715.00 937.51 1.52% (208,581.26) Aaa / AA+ AA+ 1.90 1.85 3137EAEX3 FHLMC Note 0.375% Due 09/23/2025 2,500,000.00 Various 0.46% 2,489,362.80 2,495,695.38 91.18 5.12% 2,279,402.50 208.33 1.52% (216,292.88) Aaa / AA+ AA+ 1.98 1.93 3135G06G3 FNMA Note 0.500% Due 11/07/2025 2,500,000.00 Various 0.56% 2,492,700.00 2,496,920.36 90.94 5.10% 2,273,447.50 5,000.00 1.52% (223,472.86) Aaa / AA+ AA+ 2.11 2.04 TOTAL Agency 24,600,000.00 1.03% 24,715,471.65 24,612,288.23 5.30% 23,142,035.48 63,217.30 15.46% (1,470,252.75) Aaa / AA+ AA+ 1.43 1.39 CMO 3137BFE98 FHLMC K041 A2 3.171% Due 10/25/2024 1,294,917.17 07/01/2021 0.72% 1,392,946.45 1,325,271.41 97.40 5.77% 1,261,192.35 3,421.82 0.84% (64,079.06) Aaa / AAA AAA 1.07 0.93 3137BLMZ8 FHLMC K049 A2 3.010% Due 07/25/2025 1,000,000.00 07/01/2021 0.87% 1,079,687.50 1,034,996.78 95.82 5.54% 958,229.33 2,508.33 0.64% (76,767.45) NR / NR AAA 1.82 1.61 3137BLW95 FHLMC K050 A2 3.334% Due 08/25/2025 950,000.00 11/16/2021 1.17% 1,018,132.81 983,789.03 96.27 5.50% 914,528.90 2,639.42 0.61% (69,260.13) NR / NR AAA 1.90 1.66 3137BM7C4 FHLMC K051 A2 3.308% Due 09/25/2025 440,000.00 03/15/2022 2.21% 453,079.69 447,259.59 96.05 5.51% 422,627.48 1,212.93 0.28% (24,632.11) NR / NR AAA 1.99 1.74 3137BN6G4 FHLMC KO53 2.995% Due 12/25/2025 570,000.00 03/15/2022 2.29% 582,001.17 577,106.64 95.17 5.43% 542,474.70 1,422.63 0.36% (34,631.94) NR / NR AAA 2.24 1.96 3137BSP72 FHLMC K058 A2 2.653% Due 08/25/2026 650,000.00 11/12/2021 1.35% 687,451.17 672,562.26 93.06 5.27% 604,858.15 1,437.04 0.40% (67,704.11) NR / NR AAA 2.90 2.68 As of September 30, 2023 19 Holdings Report City of Cupertino - Account #10659 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 3137FBBX3 FHLMC K068 A2 3.244% Due 08/25/2027 1,000,000.00 09/28/2022 4.41% 950,664.06 960,822.28 93.53 5.10% 935,315.00 2,703.33 0.62% (25,507.28) Aaa / NR NR 3.90 3.51 TOTAL CMO 5,904,917.17 1.74% 6,163,962.85 6,001,807.99 5.47% 5,639,225.91 15,345.50 3.77% (362,582.08) Aaa / AAA AAA 2.18 1.94 Corporate 89114QCA4 Toronto Dominion Bank Note 2.650% Due 06/12/2024 1,500,000.00 09/11/2019 2.24% 1,527,255.00 1,504,008.09 97.71 6.03% 1,465,681.50 12,035.42 0.98% (38,326.59) A1 / A AA- 0.70 0.67 06367TQW3 Bank of Montreal Note 0.625% Due 07/09/2024 600,000.00 02/09/2022 1.89% 582,216.00 594,294.55 96.00 5.98% 576,015.00 854.17 0.38% (18,279.55) A2 / A- AA- 0.78 0.75 79466LAG9 Salesforce.com Inc Callable Note Cont 7/15/2022 0.625% Due 07/15/2024 1,760,000.00 Various 0.87% 1,748,937.40 1,756,672.53 96.11 5.72% 1,691,558.88 2,322.23 1.13% (65,113.65) A2 / A+ NR 0.79 0.77 78013XZU5 Royal Bank of Canada Note 2.550% Due 07/16/2024 1,500,000.00 Various 1.99% 1,533,359.18 1,506,415.80 97.36 6.00% 1,460,368.50 7,968.76 0.98% (46,047.30) A1 / A AA- 0.79 0.77 91159HHX1 US Bancorp Callable Note Cont 6/28/2024 2.400% Due 07/30/2024 1,250,000.00 10/10/2019 2.07% 1,268,262.50 1,252,880.76 97.14 5.97% 1,214,192.50 5,083.33 0.81% (38,688.26) A3 / A A 0.83 0.80 009158AV8 Air Products & Chemicals Callable Note Cont 4/30/2024 3.350% Due 07/31/2024 1,675,000.00 08/07/2019 2.07% 1,771,212.00 1,686,817.46 98.18 5.61% 1,644,520.03 9,507.95 1.10% (42,297.43) A2 / A NR 0.84 0.80 69371RR40 Paccar Financial Corp Note 0.500% Due 08/09/2024 680,000.00 08/03/2021 0.52% 679,632.80 679,895.13 95.71 5.69% 650,811.00 491.11 0.43% (29,084.13) A1 / A+ NR 0.86 0.83 69371RQ25 Paccar Financial Corp Note 2.150% Due 08/15/2024 370,000.00 08/08/2019 2.20% 369,182.30 369,857.23 96.97 5.74% 358,797.88 1,016.47 0.24% (11,059.35) A1 / A+ NR 0.88 0.85 14913Q3B3 Caterpillar Finl Service Note 2.150% Due 11/08/2024 1,100,000.00 01/28/2020 1.92% 1,111,517.00 1,102,667.93 96.30 5.65% 1,059,282.40 9,394.31 0.71% (43,385.53) A2 / A A+ 1.11 1.06 74153WCQ0 Pricoa Global Funding Note 1.150% Due 12/06/2024 885,000.00 12/01/2021 1.19% 884,088.45 884,640.05 94.62 5.92% 837,409.13 3,251.15 0.56% (47,230.92) Aa3 / AA- AA- 1.19 1.14 89114TZL9 Toronto-Dominion Bank Note 1.450% Due 01/10/2025 700,000.00 03/15/2022 2.79% 674,737.00 688,545.80 94.67 5.84% 662,675.30 2,283.75 0.44% (25,870.50) A1 / A NR 1.28 1.23 89236TJT3 Toyota Motor Credit Corp Note 1.450% Due 01/13/2025 1,215,000.00 01/10/2022 1.50% 1,213,371.90 1,214,301.82 94.95 5.57% 1,153,608.48 3,817.13 0.77% (60,693.34) A1 / A+ A+ 1.29 1.24 64952WEK5 New York Life Global Note 1.450% Due 01/14/2025 1,680,000.00 01/11/2022 1.49% 1,678,185.60 1,679,220.27 94.76 5.72% 1,591,946.16 5,210.33 1.06% (87,274.11) Aaa / AA+ AAA 1.29 1.24 69371RR73 Paccar Financial Corp Note 2.850% Due 04/07/2025 885,000.00 03/31/2022 2.86% 884,769.90 884,883.69 96.01 5.62% 849,727.44 12,190.88 0.57% (35,156.25) A1 / A+ NR 1.52 1.44 As of September 30, 2023 20 Holdings Report City of Cupertino - Account #10659 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 78016EZ59 Royal Bank of Canada Note 3.375% Due 04/14/2025 1,050,000.00 04/07/2022 3.39% 1,049,611.50 1,049,801.14 96.48 5.80% 1,013,028.45 16,439.06 0.69% (36,772.69) A1 / A AA- 1.54 1.45 06406RBC0 Bank of NY Mellon Corp Callable Note Cont 3/25/2025 3.350% Due 04/25/2025 1,370,000.00 04/19/2022 3.35% 1,369,808.20 1,369,899.81 96.42 5.77% 1,320,974.55 19,887.83 0.89% (48,925.26) A1 / A AA- 1.57 1.48 06367WB85 Bank of Montreal Note 1.850% Due 05/01/2025 1,240,000.00 07/23/2021 0.85% 1,285,656.80 1,259,206.43 93.85 5.97% 1,163,738.76 9,558.33 0.78% (95,467.67) A2 / A- AA- 1.59 1.51 46647PCH7 JP Morgan Chase & Co Callable Note Cont 6/1/2024 0.824% Due 06/01/2025 1,370,000.00 05/24/2021 0.78% 1,371,773.90 1,370,394.91 96.27 6.23% 1,318,834.62 3,762.93 0.88% (51,560.29) A1 / A- AA- 1.67 1.59 46647PCK0 JP Morgan Chase & Co Callable Note Cont 6/23/2024 0.969% Due 06/23/2025 655,000.00 Various 0.95% 655,406.85 655,098.83 95.97 6.31% 628,592.37 1,727.78 0.42% (26,506.46) A1 / A- AA- 1.73 1.64 66815L2J7 Northwestern Mutual Glbl Note 4.000% Due 07/01/2025 1,170,000.00 06/27/2022 4.01% 1,169,602.20 1,169,768.07 97.09 5.76% 1,135,984.59 11,700.00 0.76% (33,783.48) Aaa / AA+ AAA 1.75 1.65 74153WCM9 Pricoa Global Funding Note 0.800% Due 09/01/2025 904,000.00 04/06/2022 3.26% 832,972.72 863,911.33 91.11 5.76% 823,603.66 602.67 0.55% (40,307.67) Aa3 / AA- AA- 1.92 1.85 06406HCQ0 Bank of New York Callable Note Cont 10/18/2025 3.950% Due 11/18/2025 1,000,000.00 04/05/2022 3.20% 1,024,910.00 1,014,443.94 96.28 5.83% 962,794.00 14,593.06 0.65% (51,649.94) A1 / A AA- 2.14 1.98 40139LBC6 Guardian Life Glob Fun Note 0.875% Due 12/10/2025 1,400,000.00 Various 1.12% 1,385,860.00 1,392,584.06 89.76 5.92% 1,256,670.80 3,777.08 0.84% (135,913.26) Aa1 / AA+ NR 2.20 2.11 66815L2A6 Northwestern Mutual Glbl Note 0.800% Due 01/14/2026 850,000.00 12/06/2021 1.47% 827,449.50 837,415.07 89.65 5.69% 762,020.75 1,454.44 0.51% (75,394.32) Aaa / AA+ AAA 2.29 2.20 06051GHY8 Bank of America Corp Callable Note Cont 2/13/2025 2.015% Due 02/13/2026 600,000.00 05/24/2021 1.05% 620,988.00 607,737.30 94.09 6.59% 564,559.80 1,612.00 0.38% (43,177.50) A1 / A- AA- 2.38 1.31 46647PBK1 JP Morgan Chase & Co Callable Note Cont 4/22/2025 2.083% Due 04/22/2026 401,000.00 05/20/2021 1.11% 415,969.33 406,960.50 93.86 6.27% 376,380.61 3,689.17 0.25% (30,579.89) A1 / A- AA- 2.56 1.48 6174468Q5 Morgan Stanley Callable Note Cont 4/28/2025 2.188% Due 04/28/2026 650,000.00 05/23/2022 4.93% 615,699.50 627,515.71 93.94 6.28% 610,605.45 6,044.35 0.41% (16,910.26) A1 / A- A+ 2.58 1.50 023135BX3 Amazon.com Inc Callable Note Cont 4/12/2026 1.000% Due 05/12/2026 1,875,000.00 05/10/2021 1.09% 1,866,900.00 1,870,768.13 89.91 5.17% 1,685,790.00 7,239.58 1.13% (184,978.13) A1 / AA AA- 2.62 2.51 As of September 30, 2023 21 Holdings Report City of Cupertino - Account #10659 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 91324PEC2 United Health Group Inc Callable Note Cont 4/15/2026 1.150% Due 05/15/2026 1,035,000.00 Various 1.37% 1,025,051.35 1,029,076.42 89.96 5.30% 931,046.67 4,496.50 0.62% (98,029.75) A2 / A+ A 2.62 2.51 89236TJK2 Toyota Motor Credit Corp Note 1.125% Due 06/18/2026 1,385,000.00 06/15/2021 1.13% 1,384,390.60 1,384,669.27 89.30 5.41% 1,236,777.30 4,457.97 0.83% (147,891.97) A1 / A+ A+ 2.72 2.60 06051GJD2 Bank of America Corp Callable Note Cont 6/19/2025 1.319% Due 06/19/2026 700,000.00 07/16/2021 1.27% 701,274.00 700,558.60 91.71 6.49% 641,951.80 2,616.02 0.43% (58,606.80) A1 / A- AA- 2.72 1.65 57629WDE7 Mass Mutual Global funding Note 1.200% Due 07/16/2026 1,000,000.00 08/19/2021 1.15% 1,002,230.00 1,001,270.90 88.51 5.70% 885,126.00 2,500.00 0.59% (116,144.90) Aa3 / AA+ AA+ 2.79 2.67 58989V2D5 Met Tower Global Funding Note 1.250% Due 09/14/2026 770,000.00 09/07/2021 1.27% 769,291.60 769,581.40 88.10 5.68% 678,407.73 454.51 0.45% (91,173.67) Aa3 / AA- AA- 2.96 2.83 931142ER0 Wal-Mart Stores Callable Note Cont 08/17/2026 1.050% Due 09/17/2026 350,000.00 09/08/2021 1.09% 349,338.50 349,608.03 89.16 5.03% 312,071.55 142.92 0.21% (37,536.48) Aa2 / AA AA 2.97 2.85 59217GER6 Metlife Note 1.875% Due 01/11/2027 1,115,000.00 01/03/2022 1.90% 1,113,728.90 1,114,166.06 88.64 5.72% 988,342.69 4,645.83 0.66% (125,823.37) Aa3 / AA- AA- 3.28 3.09 808513BY0 Charles Schwab Corp Callable Note Cont 2/3/2027 2.450% Due 03/03/2027 960,000.00 03/01/2022 2.46% 959,729.90 959,813.66 89.07 6.03% 855,113.28 1,829.34 0.57% (104,700.38) A2 / A- A 3.42 3.19 084664CZ2 Berkshire Hathaway Callable Note Cont 2/15/2027 2.300% Due 03/15/2027 1,615,000.00 03/07/2022 2.30% 1,614,693.15 1,614,788.10 91.73 4.93% 1,481,494.41 1,650.89 0.99% (133,293.69) Aa2 / AA A+ 3.46 3.25 06051GHT9 Bank of America Corp Callable Note 1X 4/23/2026 3.559% Due 04/23/2027 1,150,000.00 Various 4.94% 1,114,222.54 1,122,961.76 93.82 6.20% 1,078,903.55 17,963.07 0.73% (44,058.21) A1 / A- AA- 3.56 2.36 665859AW4 Northern Trust Company Callable Note Cont 4/10/2027 4.000% Due 05/10/2027 670,000.00 05/05/2022 4.04% 668,914.60 669,217.16 94.59 5.68% 633,772.43 10,496.67 0.43% (35,444.73) A2 / A+ A+ 3.61 3.24 91324PEG3 United Health Group Inc Callable Note Cont 4/15/2027 3.700% Due 05/15/2027 675,000.00 05/17/2022 3.69% 675,316.70 675,229.92 94.79 5.30% 639,814.28 9,435.00 0.43% (35,415.64) A2 / A+ A 3.62 3.28 As of September 30, 2023 22 Holdings Report City of Cupertino - Account #10659 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 57636QAW4 MasterCard Inc Callable Note Cont 2/9/28 4.875% Due 03/09/2028 945,000.00 03/06/2023 4.90% 944,083.35 944,186.71 99.25 5.07% 937,892.66 2,815.31 0.63% (6,294.05) Aa3 / A+ NR 4.44 3.93 TOTAL Corporate 42,705,000.00 2.08% 42,741,600.72 42,635,734.33 5.75% 40,140,886.96 241,019.30 26.90% (2,494,847.37) A1 / A+ AA- 1.97 1.79 Money Market Fund 94975H270 Wells Fargo 100% Treasury Money Mkt Fund 252,748.53 Various 4.91% 252,748.53 252,748.53 1.00 4.91% 252,748.53 0.00 0.17% 0.00 Aaa / AAA NR 0.00 0.00 TOTAL Money Market Fund 252,748.53 4.91% 252,748.53 252,748.53 4.91% 252,748.53 0.00 0.17% 0.00 Aaa / AAA NR 0.00 0.00 Municipal Bonds 13063DRK6 California State Taxable GO 2.400% Due 10/01/2024 755,000.00 10/16/2019 1.91% 772,342.35 758,518.46 96.92 5.60% 731,739.21 9,060.00 0.49% (26,779.25) Aa2 / AA- AA 1.01 0.96 TOTAL Municipal Bonds 755,000.00 1.91% 772,342.35 758,518.46 5.60% 731,739.21 9,060.00 0.49% (26,779.25) Aa2 / AA- AA 1.01 0.96 Supranational 4581X0DP0 Inter-American Dev Bank Note 0.250% Due 11/15/2023 2,800,000.00 07/01/2021 0.37% 2,792,300.00 2,799,598.03 99.38 5.23% 2,782,662.40 2,644.44 1.86% (16,935.63) Aaa / AAA NR 0.13 0.12 45950KCT5 International Finance Corp Note 0.375% Due 07/16/2025 2,500,000.00 05/27/2021 0.66% 2,471,150.00 2,487,471.51 91.82 5.21% 2,295,397.50 1,953.13 1.53% (192,074.01) Aaa / AAA NR 1.79 1.74 459058JL8 Intl. Bank Recon & Development Note 0.500% Due 10/28/2025 2,400,000.00 Various 0.60% 2,388,859.25 2,395,081.22 91.01 5.12% 2,184,132.01 5,100.01 1.46% (210,949.21) Aaa / AAA AAA 2.08 2.01 4581X0DV7 Inter-American Dev Bank Note 0.875% Due 04/20/2026 2,460,000.00 04/13/2021 0.97% 2,448,733.20 2,454,249.37 90.23 4.99% 2,219,724.42 9,626.46 1.49% (234,524.95) Aaa / AAA AAA 2.56 2.46 TOTAL Supranational 10,160,000.00 0.64% 10,101,042.45 10,136,400.13 5.14% 9,481,916.33 19,324.04 6.33% (654,483.80) Aaa / AAA AAA 1.55 1.50 US Treasury 912796YT0 US Treasury Bill 4.888% Due 11/02/2023 1,500,000.00 05/08/2023 5.08% 1,463,954.69 1,493,483.33 99.57 5.08% 1,493,483.33 0.00 1.00% 0.00 P-1 / A-1+ F-1+ 0.09 0.09 912796ZN2 US Treasury Bill 5.228% Due 12/28/2023 1,500,000.00 06/28/2023 5.44% 1,460,358.13 1,480,832.50 98.72 5.44% 1,480,832.50 0.00 0.99% 0.00 P-1 / A-1+ F-1+ 0.24 0.24 As of September 30, 2023 23 Holdings Report City of Cupertino - Account #10659 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 912828X70 US Treasury Note 2.000% Due 04/30/2024 1,700,000.00 06/10/2019 1.92% 1,705,976.56 1,700,709.82 98.03 5.47% 1,666,532.10 14,228.26 1.12% (34,177.72) Aaa / AA+ AA+ 0.58 0.56 912828XX3 US Treasury Note 2.000% Due 06/30/2024 2,000,000.00 Various 1.80% 2,018,574.22 2,002,872.22 97.46 5.50% 1,949,140.00 10,108.69 1.31% (53,732.22) Aaa / AA+ AA+ 0.75 0.73 912797GB7 US Treasury Bill 5.119% Due 07/11/2024 1,000,000.00 07/27/2023 5.39% 950,378.99 959,620.73 95.96 5.39% 959,620.73 0.00 0.64% 0.00 P-1 / A-1+ F-1+ 0.78 0.76 912797GK7 US Treasury Bill 5.119% Due 08/08/2024 1,000,000.00 08/30/2023 5.39% 951,232.07 955,639.67 95.56 5.39% 955,639.67 0.00 0.64% 0.00 P-1 / A-1+ F-1+ 0.86 0.84 912828D56 US Treasury Note 2.375% Due 08/15/2024 1,700,000.00 09/18/2019 1.71% 1,753,191.41 1,709,468.78 97.36 5.51% 1,655,043.50 5,156.59 1.11% (54,425.28) Aaa / AA+ AA+ 0.88 0.85 912797GL5 US Treasury Bill 5.162% Due 09/05/2024 1,000,000.00 09/25/2023 5.44% 950,526.04 951,243.05 95.12 5.44% 951,243.05 0.00 0.63% 0.00 P-1 / A-1+ F-1+ 0.93 0.91 912828YY0 US Treasury Note 1.750% Due 12/31/2024 2,100,000.00 03/15/2022 1.97% 2,087,203.13 2,094,272.12 95.68 5.37% 2,009,273.70 9,287.36 1.34% (84,998.42) Aaa / AA+ AA+ 1.25 1.20 912828ZC7 US Treasury Note 1.125% Due 02/28/2025 1,500,000.00 03/18/2020 0.81% 1,523,144.53 1,506,609.06 94.39 5.28% 1,415,859.00 1,437.16 0.94% (90,750.06) Aaa / AA+ AA+ 1.42 1.37 91282CED9 US Treasury Note 1.750% Due 03/15/2025 3,100,000.00 Various 2.23% 3,057,617.20 3,079,125.63 95.09 5.29% 2,947,907.80 2,384.61 1.97% (131,217.83) Aaa / AA+ AA+ 1.46 1.41 912828ZL7 US Treasury Note 0.375% Due 04/30/2025 2,500,000.00 03/21/2022 2.24% 2,360,839.85 2,429,255.15 92.71 5.23% 2,317,675.00 3,923.23 1.55% (111,580.15) Aaa / AA+ AA+ 1.58 1.54 91282CAB7 US Treasury Note 0.250% Due 07/31/2025 1,500,000.00 03/12/2021 0.72% 1,469,765.63 1,487,350.35 91.56 5.13% 1,373,437.50 631.79 0.92% (113,912.85) Aaa / AA+ AA+ 1.84 1.78 91282CAM3 US Treasury Note 0.250% Due 09/30/2025 2,400,000.00 Various 0.56% 2,366,140.63 2,385,206.84 91.00 5.04% 2,184,000.00 16.39 1.46% (201,206.84) Aaa / AA+ AA+ 2.00 1.95 91282CAT8 US Treasury Note 0.250% Due 10/31/2025 2,450,000.00 Various 0.49% 2,422,492.19 2,438,000.90 90.68 5.02% 2,221,557.10 2,563.18 1.48% (216,443.80) Aaa / AA+ AA+ 2.09 2.03 91282CAZ4 US Treasury Note 0.375% Due 11/30/2025 2,250,000.00 03/26/2021 0.77% 2,209,658.20 2,231,306.17 90.61 5.00% 2,038,623.75 2,835.55 1.36% (192,682.42) Aaa / AA+ AA+ 2.17 2.10 91282CBH3 US Treasury Note 0.375% Due 01/31/2026 2,500,000.00 05/27/2021 0.75% 2,456,445.31 2,478,260.88 90.02 4.96% 2,250,487.50 1,579.48 1.50% (227,773.38) Aaa / AA+ AA+ 2.34 2.27 91282CBW0 US Treasury Note 0.750% Due 04/30/2026 2,500,000.00 05/27/2021 0.80% 2,493,652.34 2,496,674.36 90.08 4.88% 2,252,050.00 7,846.47 1.51% (244,624.36) Aaa / AA+ AA+ 2.58 2.49 91282CCZ2 US Treasury Note 0.875% Due 09/30/2026 1,400,000.00 10/18/2021 1.19% 1,379,054.68 1,387,307.62 89.23 4.77% 1,249,281.60 33.47 0.83% (138,026.02) Aaa / AA+ AA+ 3.00 2.90 91282CDG3 US Treasury Note 1.125% Due 10/31/2026 1,400,000.00 11/15/2021 1.25% 1,391,468.75 1,394,689.78 89.60 4.79% 1,254,422.40 6,591.03 0.84% (140,267.38) Aaa / AA+ AA+ 3.09 2.95 As of September 30, 2023 24 Holdings Report City of Cupertino - Account #10659 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 91282CEW7 US Treasury Note 3.250% Due 06/30/2027 3,250,000.00 Various 3.18% 3,260,312.50 3,257,528.92 95.01 4.72% 3,087,880.25 26,693.27 2.08% (169,648.67) Aaa / AA+ AA+ 3.75 3.44 91282CFB2 US Treasury Note 2.750% Due 07/31/2027 400,000.00 08/22/2022 3.12% 393,218.75 394,738.23 93.15 4.72% 372,609.20 1,853.26 0.25% (22,129.03) Aaa / AA+ AA+ 3.84 3.56 91282CFH9 US Treasury Note 3.125% Due 08/31/2027 4,500,000.00 Various 3.28% 4,468,902.34 4,475,516.81 94.38 4.71% 4,247,050.50 11,976.30 2.84% (228,466.31) Aaa / AA+ AA+ 3.92 3.62 91282CFM8 US Treasury Note 4.125% Due 09/30/2027 3,450,000.00 Various 4.31% 3,421,152.34 3,426,558.79 97.92 4.70% 3,378,171.00 388.83 2.25% (48,387.79) Aaa / AA+ AA+ 4.00 3.64 91282CFZ9 US Treasury Note 3.875% Due 11/30/2027 850,000.00 12/05/2022 3.81% 852,656.25 852,219.87 96.94 4.69% 823,968.75 11,069.16 0.56% (28,251.12) Aaa / AA+ AA+ 4.17 3.74 91282CGC9 US Treasury Note 3.875% Due 12/31/2027 2,750,000.00 Various 3.67% 2,775,107.42 2,771,672.32 96.92 4.68% 2,665,245.00 26,930.20 1.79% (106,427.32) Aaa / AA+ AA+ 4.25 3.83 91282CGH8 US Treasury Note 3.500% Due 01/31/2028 3,000,000.00 02/07/2023 3.81% 2,957,929.69 2,963,367.82 95.43 4.67% 2,863,008.00 17,690.22 1.92% (100,359.82) Aaa / AA+ AA+ 4.34 3.94 91282CGP0 US Treasury Note 4.000% Due 02/29/2028 3,700,000.00 Various 4.00% 3,699,113.28 3,699,334.68 97.41 4.65% 3,604,321.70 12,604.40 2.41% (95,012.98) Aaa / AA+ AA+ 4.42 3.98 TOTAL US Treasury 58,900,000.00 2.59% 58,300,067.12 58,502,866.40 5.00% 55,668,364.63 177,828.90 37.21% (2,834,501.77) Aaa / AA+ AA+ 2.52 2.35 TOTAL PORTFOLIO 158,177,924.82 2.03% 157,896,706.37 157,776,718.25 5.36% 149,554,958.10 538,793.90 100.00% (8,221,760.15) Aa1 / AA AA+ 2.14 1.83 TOTAL MARKET VALUE PLUS ACCRUALS 150,093,752.00 As of September 30, 2023 25 SECTION |Section 4 |Transactions 26 Transaction Ledger City of Cupertino - Account #10659 Transaction Type Settlement Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss ACQUISITIONS Purchase 07/28/2023 912797GB7 1,000,000.00 US Treasury Bill 5.119% Due: 07/11/2024 95.038 5.39%950,378.99 0.00 950,378.99 0.00 Purchase 08/31/2023 912797GK7 1,000,000.00 US Treasury Bill 5.119% Due: 08/08/2024 95.123 5.39%951,232.07 0.00 951,232.07 0.00 Purchase 09/26/2023 912797GL5 1,000,000.00 US Treasury Bill 5.162% Due: 09/05/2024 95.053 5.44%950,526.04 0.00 950,526.04 0.00 Subtotal 3,000,000.00 2,852,137.10 0.00 2,852,137.10 0.00 TOTAL ACQUISITIONS 3,000,000.00 2,852,137.10 0.00 2,852,137.10 0.00 June 30, 2023 through September 30, 2023 As of September 30, 2023 27 Important Disclosures 2023 Chandler Asset Management, Inc, An Independent Registered Investment Adviser. Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS 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 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. 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. 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 it at licensee's own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services. This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment. Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates. Ratings information have been provided by Moody’s, 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 (“MBS”) reflect 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. 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. As of September 30, 2023 28 Benchmark Disclosures 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. As of September 30, 2023 29 12/6/23, 1:39 PM LAIF Regular Monthly Statement https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1 Local Agency Investment Fund P.O. Box 942809 Sacramento, CA 94209 0001 (916) 653-3001 December 06, 2023 LAIF Home PMIA Average Monthly Yields CITY OF CUPERTINO FINANCE MANAGER 10300 TORRE AVENUE CUPERTINO, CA 95014 Account Number: November 2023 Statement Tran Type Definitions Account Summary Total Deposit:0.00 Beginning Balance:21,787,939.00 Total Withdrawal:0.00 Ending Balance:21,787,939 00 Commercial Checking Acct Public Funds Account number: November 1, 2023 - November 30, 2023 Page 1 of 2 ©2010 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. (182) Questions? Call your Customer Service Officer or Client Services 1-800-AT WELLS (1-800-289-3557) 5:00 AM TO 6:00 PM Pacific Time Monday - Friday Online: wellsfargo.com Write: Wells Fargo Bank, N.A. (182) PO Box 63020 San Francisco, CA 94163 CITY OF CUPERTINO PAYROLL 10300 TORRE AVE CUPERTINO CA 95014-3202 Account summary Commercial Checking Acct Public Funds Account number Beginning balance Total credits Total debits Ending balance $0.00 $1,346,124.69 -$1,346,124.69 $0.00 Credits Electronic deposits/bank credits Effective date Posted date Amount Transaction detail 11/07 721.12 ZBA Balance Account Transfer From 11/09 675,992.09 ZBA Balance Account Transfer From 11/14 938.99 ZBA Balance Account Transfer From 11/15 891.03 ZBA Balance Account Transfer From 11/16 484.46 ZBA Balance Account Transfer From 11/17 134.46 ZBA Balance Account Transfer From 11/20 1,299.30 ZBA Balance Account Transfer From 11/21 111.19 ZBA Balance Account Transfer From 11/22 355.62 ZBA Balance Account Transfer From 11/24 658,739.51 ZBA Balance Account Transfer From 11/27 5,652.81 ZBA Balance Account Transfer From 11/28 804.11 ZBA Balance Account Transfer From $1,346,124.69 Total electronic deposits/bank credits $1,346,124.69 Total credits Debits Electronic debits/bank debits Effective date Posted date Amount Transaction detail 11/09 2,653.14 ACH Origination - City of Cupertin - File Coid 11/09 659,116.58 ACH Origination - City of Cupertin - File Coid 11/24 658,041.56 ACH Origination - City of Cupertin - File Coid $1,319,811.28 Total electronic debits/bank debits Sheet Seq = 0019688 Sheet 00001 of 00002 ©2010 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. Account number: November 1, 2023 - November 30, 2023 Page 2 of 2 Checks paid Number Amount Date Number Amount Date Number Amount Date 5003144 339.90 11/07 5003204 *190.61 11/07 5003209 *804.11 11/28 5003216 *190.61 11/07 5003222 *504.86 11/14 5003230 *11,905.71 11/09 5003231 1,030.10 11/20 5003232 2,316.66 11/09 5003234 *297.34 11/27 5003235 111.19 11/21 5003236 434.13 11/14 5003237 891.03 11/15 5003238 484.46 11/16 5003239 134.46 11/17 5003241 *269.20 11/20 5003243 *3,475.78 11/27 5003246 *361.91 11/27 5003247 355.62 11/22 5003248 697.95 11/24 5003249 624.10 11/27 5003250 201.64 11/27 5003252 *692.04 11/27 $26,313.41 Total checks paid * Gap in check sequence. $1,346,124.69 Total debits Daily ledger balance summary Date Balance Date Balance Date Balance 10/31 0.00 11/07 0.00 11/09 0.00 11/14 0.00 11/15 0.00 11/16 0.00 11/17 0.00 11/20 0.00 11/21 0.00 11/22 0.00 11/24 0.00 11/27 0.00 11/28 0.00 Average daily ledger balance $0.00 Limits to your Card Effective on or after August 28, 2023 in Selected Terms and Conditions for - Wells Fargo Consumer debit and ATM cards - Wells Fargo Campus debit and ATM cards - Wells Fargo Business debit, ATM, and deposit cards - Wells Fargo Advisors debit cards In the section titled "Using your card," under subsection titled "Daily limits and funds available for using your Card" bullet titled "The limits for your Card" is deleted and replaced with: The limits for your Card: We provide you your daily ATM withdrawal and purchase limits when you receive your Card. You can confirm your Card's daily limits by signing on to Wells Fargo Online or the Wells Fargo Mobile® app, or calling us at the number listed in the "Contact Us" section. Note: For security reasons there may be additional limits on the amount, number, or type of transactions you can make using your Card, including the geographic location of the ATM or merchant. Please see the Wells Fargo debit and ATM card terms and conditions applicable to your card, which can be found at www.wellsfargo.com/debit-card/terms-and-conditions. Sheet Seq = 0019689 Sheet 00002 of 00002 CITY OF CUPERTINO PARS Post-Employment Benefits Trust 9/1/2023 to 9/30/2023 Kristina Alfaro Director of Administrative Services City of Cupertino 10300 Torre Ave. Cupertino, CA 95014 Account Summary Source 9/1/2023 Contributions Earnings Expenses Distributions Transfers 9/30/2023 OPEB 1001 $34,916,710.81 $0.00 -$1,269,109.23 $10,091.93 $0.00 $0.00 $33,637,509.65 PENSION 1002 $19,203,643.85 $0.00 -$697,988.87 $5,550.39 $0.00 $0.00 $18,500,104.59 Totals $54,120,354.66 $0.00 -$1,967,098.10 $15,642.32 $0.00 $0.00 $52,137,614.24 Investment Selection Source OPEB PENSION Investment Objective Source OPEB PENSION Investment Return Source 1-Month 3-Months 1-Year 3-Years 5-Years 10-Years OPEB -3.63%-3.00%13.30%2.73%3.65%5.07%6/21/2010 PENSION -3.63%-3.00%13.30%2.69%--3/26/2019 Information as provided by US Bank, Trustee for PARS; Not FDIC Insured; No Bank Guarantee; May Lose Value Headquarters - 4350 Von Karman Ave., Suite 100, Newport Beach, CA 92660 800.540.6369 Fax 949.250.1250 www.pars.org Balance as of Individual account based on US Bank Balanced MM. Dual goals are to provide a moderate amount of current income with moderate capital growth. Income production and longer term growth of capital. City of Cupertino - PEN Plan's Inception Date Account balances are inclusive of Trust Administration, Trustee and Investment Management fees Annualized Return Investment Return: Annualized rate of return is the return on an investment over a period other than one year multiplied or divided to give a comparable one-year return. Past performance does not guarantee future results. Performance returns may not reflect the deduction of applicable fees, which could reduce returns. Information is deemed reliable but may be subject to change. Individual account based on US Bank Balanced MM. Dual goals are to provide a moderate amount of current income with moderate capital growth. Income production and longer term growth of capital. Account Report for the Period Balance as of City of Cupertino - OPEB Commercial Checking Acct Public Funds Account number: November 1, 2023 - November 30, 2023 Page 1 of 2 ©2010 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. (182) Questions? Call your Customer Service Officer or Client Services 1-800-AT WELLS (1-800-289-3557) 5:00 AM TO 6:00 PM Pacific Time Monday - Friday Online: wellsfargo.com Write: Wells Fargo Bank, N.A. (182) PO Box 63020 San Francisco, CA 94163 CITY OF CUPERTINO W0 10300 TORRE AVE CUPERTINO CA 95014-3202 Account summary Commercial Checking Acct Public Funds Account number Beginning balance Total credits Total debits Ending balance $101,641.50 $0.00 -$19,593.28 $82,048.22 Debits Checks paid Number Amount Date Number Amount Date Number Amount Date 100778 1,035.00 11/03 100797 *690.00 11/03 100811 *132.07 11/03 100812 114.46 11/08 100813 13,500.00 11/14 100814 374.00 11/09 100815 75.01 11/02 100816 25.11 11/02 100817 225.00 11/06 100818 225.00 11/06 100819 128.03 11/03 100820 13.00 11/03 100821 124.21 11/14 100822 182.24 11/14 100823 210.14 11/10 100824 225.00 11/10 100825 16.59 11/09 100826 253.81 11/21 100827 230.00 11/17 100828 374.00 11/17 100829 23.26 11/16 100830 137.47 11/28 100831 980.50 11/28 100832 222.00 11/28 100833 38.77 11/24 100835 *38.61 11/30 $19,593.28 Total checks paid * Gap in check sequence. $19,593.28 Total debits Daily ledger balance summary Date Balance Date Balance Date Balance 10/31 101,641.50 11/02 101,541.38 11/03 99,543.28 11/06 99,093.28 11/08 98,978.82 11/09 98,588.23 11/10 98,153.09 11/14 84,346.64 11/16 84,323.38 11/17 83,719.38 11/21 83,465.57 11/24 83,426.80 11/28 82,086.83 11/30 82,048.22 Average daily ledger balance $90,279.95 Sheet Seq = 0040789 Sheet 00001 of 00002 ©2010 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. Account number: November 1, 2023 - November 30, 2023 Page 2 of 2 Limits to your Card Effective on or after August 28, 2023 in Selected Terms and Conditions for - Wells Fargo Consumer debit and ATM cards - Wells Fargo Campus debit and ATM cards - Wells Fargo Business debit, ATM, and deposit cards - Wells Fargo Advisors debit cards In the section titled "Using your card," under subsection titled "Daily limits and funds available for using your Card" bullet titled "The limits for your Card" is deleted and replaced with: The limits for your Card: We provide you your daily ATM withdrawal and purchase limits when you receive your Card. You can confirm your Card's daily limits by signing on to Wells Fargo Online or the Wells Fargo Mobile® app, or calling us at the number listed in the "Contact Us" section. Note: For security reasons there may be additional limits on the amount, number, or type of transactions you can make using your Card, including the geographic location of the ATM or merchant. Please see the Wells Fargo debit and ATM card terms and conditions applicable to your card, which can be found at www.wellsfargo.com/debit-card/terms-and-conditions. Sheet Seq = 0040790 Sheet 00002 of 00002 INVESTMENT AND INSURANCE PRODUCTS ARE: ·NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY FEDERAL GOVERNMENT AGENCY ·NOT A DEPOSIT, OBLIGATION OF, OR GUARANTEED BY ANY BANK OR BANKING AFFILIATE ·SUBJECT TO INVESTMENT RISKS AND MAY LOSE VALUE, INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED PCS - SAN FRANCISCO CA 510 N VALLEY MILLS DRIVE, SUITE 400 WACO, TX 76710-6075 CITY OF CUPERTINO -CHANDLER ASSET MANAGEMENT ACCOUNT NUMBER MONTHLY STATEMENT NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT MANAGER: MICHAEL J WADE TELEPHONE NUMBER: 515-878-6110 PFGEDD INVESTMENT CONTACT: IMR/DOE SLANGER TELEPHONE NUMBER: ADMINISTRATOR: BELINDA CONWAY TELEPHONE NUMBER: 254-265-6137 33523 SE Custody and trust services are provided by Principal Bank ®, Member FDIC, and/or Principal Trust Company ®. These services are provided under the trade name Principal ®Custody Solutions. Principal Trust Company is a trade name of Delaware Charter Guarantee & Trust Company. Principal Bank and Principal Trust Company are members of the Principal Financial Group ®, Des Moines, IA 50392. ASSET VALUATION PRACTICES VALUES REFLECTED FOR PUBLICLY TRADED ASSETS ARE OBTAINED FROM UNAFFILIATED SOURCES. IN SITUATIONS WHERE AN ASSET VALUE CANNOT BE PROVIDED BY OUR UNAFFILIATED PRICING SOURCES, SUCH AS BUT NOT LIMITED TO NON-PUBLICLY TRADED ASSETS, THE CUSTOMER OR THEIR DESIGNATED REPRESENTATIVE MUST PROVIDE THE UPDATED VALUE. IF PRINCIPAL CUSTODY SOLUTIONS DOES NOT RECEIVE AN UPDATED VALUE, OR IS UNABLE TO USE THE VALUE PROVIDED, THE LAST REPORTED VALUE WILL CONTINUE TO BE REPORTED. VALUES OBTAINED FROM THE CUSTOMER OR THEIR DESIGNATED REPRESENTATIVE SHOULD NOT BE CONSIDERED TO BE CERTIFIED BY PRINCIPAL BANK/PRINCIPAL TRUST COMPANY, AS APPLICABLE. SPECIAL INVESTMENTS "SPECIAL INVESTMENTS" ARE ASSETS NOT HELD IN CUSTODY BY PRINCIPAL BANK/PRINCIPAL TRUST COMPANY BUT WHOSE VALUE MAY BE SHOWN ON ACCOUNT STATEMENTS. EXAMPLES OF SPECIAL INVESTMENTS INCLUDE, BUT ARE NOT LIMITED TO, COMMON OR COLLECTIVE FUNDS NOT ADMINISTERED BY PRINCIPAL BANK/PRINCIPAL TRUST COMPANY (OR THEIR AFFILIATES), HEDGE FUNDS, LIMITED PARTNERSHIPS, AND OTHER UNREGISTERED SECURITIES. AT THE DIRECTION OF AND AS A MATTER OF CONVENIENCE TO ITS CLIENTS, PRINCIPAL BANK/PRINCIPAL TRUST COMPANY MAY BE REPORT SPECIAL INVESTMENTS AS A RECORDKEEPING ITEM ON ACCOUNT STATEMENTS, AT NOMINAL VALUE OR SUCH OTHER VALUE PROVIDED BY CLIENTS/EXTERNAL SOURCES. NEITHER PRINCIPAL BANK NOR PRINCIPAL TRUST COMPANY IS RESPONSIBLE FOR THE ACCURACY OF INFORMATION PROVIDED BY EXTERNAL SOURCES, AND DOES NOT CERTIFY THAT INFORMATION PROVIDED BY THESE EXTERNAL SOURCES IS TRUE OR CORRECT FOR THE SPECIAL INVESTMENTS REFLECTED IN YOUR ACCOUNT. TRADE CONFIRMS PURSUANT TO FEDERAL REGULATION, MONTHLY OR QUARTERLY ACCOUNT STATEMENTS THAT INCLUDE INVESTMENT TRANSACTION DETAILS MAY BE PROVIDED IN LIEU OF SEPARATE TRADE CONFIRMATIONS. SEPARATE TRADE CONFIRMS MAY BE OBTAINED AT NO ADDITIONAL COST UPON WRITTEN REQUEST TO THE ACCOUNT MANAGER. UNCLAIMED PROPERTY DESIGNATED REPRESENTATIVE NOTIFICATION YOUR PROPERTY MAY BE TRANSFERRED TO THE APPROPRIATE STATE IF NO ACTIVITY OCCURS IN THE ACCOUNT WITHIN THE TIME PERIOD SPECIFIED BY STATE LAW. IF YOUR STATE OF RESIDENCE ALLOWS, YOU MAY DESIGNATE A REPRESENTATIVE FOR THE PURPOSE OF RECEIVING NOTICE OF ACCOUNT INACTIVITY BY PROVIDING THE NAME AND MAILING OR EMAIL ADDRESS OF A REPRESENTATIVE. THE DESIGNATED REPRESENTATIVE DOES NOT HAVE ANY RIGHTS TO YOUR ACCOUNT. PLEASE REFER TO YOUR STATE'S UNCLAIMED PROPERTY WEBSITE FOR MORE INFORMATION AND INSTRUCTIONS ON HOW TO DESIGNATE A REPRESENTATIVE FOR NOTICE. TABLE OF CONTENTS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ PAGE REPORT NAME NUMBER ASSET SUMMARY .................................................................................. 1 STATEMENT OF ASSETS AND LIABILITIES ............................................................ 2 CASH SUMMARY ................................................................................... 20 STATEMENT OF TRANSACTIONS ...................................................................... 21 PENDING TRADES SCHEDULE ........................................................................ 36 PAGE 1 ASSET SUMMARY CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ ASSET SUMMARY % TOTAL UNREALIZED ESTIMATED CURRENT ACCRUED INVESTMENT CATEGORY COST VALUE MARKET VALUE MARKET GAIN/LOSS ANNUAL INCOME YIELD INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ CASH 0.00 0.00 0.00 CASH EQUIVALENTS 4,946,750.46 5,024,305.23 3.31 77,554.77 265,933 5.29 4,937.08 BONDS AND NOTES 153,350,509.70 146,552,788.49 96.69 6,797,721.21- 3,107,920 2.12 651,940.25 TOTAL INVESTMENTS 158,297,260.16 151,577,093.72 100.00 6,720,166.44- 3,373,854 2.23 656,877.33 TOTAL ACCRUALS 656,877.33 656,877.33 ===================================================================================================================================== TOTAL ACCRUALS AND INVESTMENTS 158,954,137.49 152,233,971.05 6,720,166.44- 3,373,854 2.23 656,877.33 PAGE 2 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ CASH EQUIVALENTS 584,013.5 ALLSPRING 100% TREASURY 584,013.50 584,013.50 0.39 0.00 4,819.39 MONEY MARKET FUND - #008 1.0000 1.0000 50,241.73 PRINCIPAL PUBLIC DEPOSIT SWEEP 50,241.73 50,241.73 0.03 0.00 117.69 PROGRAM 1.0000 1.0000 1,500,000 UNITED STATES TREASURY BILLS 1,460,358.13 1,494,060.00 0.99 33,701.87 0.00 DTD 12/29/2022 DUE 12/28/2023 97.3572 99.6040 CUSIP 912796ZN2 1,000,000 UNITED STATES TREASURY BILLS 950,378.99 969,260.00 0.64 18,881.01 0.00 DTD 07/13/2023 DUE 07/11/2024 95.0379 96.9260 CUSIP 912797GB7 1,000,000 UNITED STATES TREASURY BILLS 951,232.07 965,170.00 0.64 13,937.93 0.00 DTD 08/10/2023 DUE 08/08/2024 95.1232 96.5170 CUSIP 912797GK7 1,000,000 UNITED STATES TREASURY BILLS 950,526.04 961,560.00 0.63 11,033.96 0.00 DTD 09/07/2023 DUE 09/05/2024 95.0526 96.1560 CUSIP 912797GL5 TOTAL CASH EQUIVALENTS 4,946,750.46 5,024,305.23 3.31 77,554.77 4,937.08 BOND & NOTES 1,675,000 AIR PRODUCTS & CHEMICALS 1,771,212.00 1,649,908.50 1.09 121,303.50- 18,860.03 DTD 07/31/14 3.350 07/31/2024 105.7440 98.5020 MOODY'S RATING A2 CUSIP 009158AV8 1,875,000 AMAZON.COM INC 1,866,900.00 1,710,918.75 1.13 155,981.25-989.58 DTD 05/12/21 1.000 05/12/2026 99.5680 91.2490 MOODY'S RATING A1 CUSIP 023135BX3 PAGE 3 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,375,000 AMERICAN EXPRESS CREDIT ACCOUNT 1,374,695.85 1,336,995.00 0.88 37,700.85- 2,071.67 ASSET BCKD SEC SER 2022-2 CL A 99.9779 97.2360 DTD 05/24/2022 3.390% 05/17/2027 NON CALLABLE CUSIP 02582JJT8 1,545,000 AMERICAN EXPRESS CREDIT ACCOUNT 1,524,359.77 1,483,091.85 0.98 41,267.92- 1,517.53 ASSET BCKD SEC SER 2022-1 CL A 98.6641 95.9930 DTD 03/18/2022 2.210% 03/15/2027 NON CALLABLE MOODY'S RATING AAA CUSIP 02589BAA8 1,150,000 BANK OF AMERICA CORP 1,114,222.54 1,094,098.50 0.72 20,124.04- 4,320.23 MED TERM NOTE 96.8889 95.1390 DTD 04/23/19 04/23/2027 MOODY'S RATING A1 CUSIP 06051GHT9 600,000 BANK OF AMERICA CORP 620,988.00 571,446.00 0.38 49,542.00- 3,627.00 MED TERM NOTE 103.4980 95.2410 DTD 02/13/20 02/13/2026 MOODY'S RATING A1 CUSIP 06051GHY8 700,000 BANK OF AMERICA CORP 701,274.00 651,728.00 0.43 49,546.00- 4,154.85 MED TERM NOTE 100.1820 93.1040 DTD 06/19/20 06/19/2026 MOODY'S RATING A1 CUSIP 06051GJD2 600,000 BANK OF MONTREAL 582,216.00 582,048.00 0.38 168.00- 1,479.17 MED TERM NOTE 97.0360 97.0080 DTD 07/09/21 0.625 07/09/2024 MOODY'S RATING A2 CUSIP 06367TQW3 PAGE 4 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,240,000 BANK OF MONTREAL 1,285,656.80 1,177,417.20 0.78 108,239.60- 1,911.67 MED TERM NOTE 103.6820 94.9530 DTD 04/27/20 1.850 05/01/2025 MOODY'S RATING A2 CUSIP 06367WB85 1,000,000 BANK OF NEW YORK MELLON 1,024,910.00 974,140.00 0.64 50,770.00- 1,426.39 MED TERM NOTE 102.4910 97.4140 DTD 11/18/13 3.950 11/18/2025 MOODY'S RATING A1 CUSIP 06406HCQ0 1,370,000 BANK OF NY MELLON CORP 1,369,808.20 1,332,174.30 0.88 37,633.90- 4,589.50 DTD 04/26/2022 3.350% 04/25/2025 99.9860 97.2390 CALLABLE MOODY'S RATING A1 CUSIP 06406RBC0 1,615,000 BERKSHIRE HATHAWAY FIN 1,614,693.15 1,503,468.10 0.99 111,225.05- 7,841.72 DTD 03/15/2022 2.300% 03/15/2027 99.9810 93.0940 CALLABLE MOODY'S RATING AA2 CUSIP 084664CZ2 159,574.39 BMW VEHICLE LEASE TRUST 159,550.54 158,360.03 0.10 1,190.51-29.26 SER 2022-1 CL A3 *0 DAY DELAY*99.9851 99.2390 DTD 01/19/22 1.100 03/25/2025 CUSIP 05601XAC3 8,282.92 BMW VEHICLE LEASE TRUST 8,282.06 8,279.61 0.01 2.45-0.38 SER 2021-2 CL A3 *0 DAY DELAY*99.9896 99.9600 DTD 09/15/21 0.330 12/26/2024 MOODY'S RATING AAA CUSIP 09690AAC7 530,000 BMW VEHICLE OWNER TRUST 529,972.44 519,415.90 0.34 10,556.54-283.55 ASSET BCKD SEC SER 2022-A CL A3 99.9948 98.0030 DTD 05/18/2022 3.210% 08/25/2026 CALLABLE MOODY'S RATING AAA CUSIP 05602RAD3 PAGE 5 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 755,000 CALIFORNIA ST 772,342.35 736,389.25 0.49 35,953.10- 3,020.00 TXBL-REF 102.2970 97.5350 DTD 10/24/19 2.400 10/01/2024 MOODY'S RATING AA2 CUSIP 13063DRK6 1,100,000 CATERPILLAR FINL SERVICE 1,111,517.00 1,068,221.00 0.70 43,296.00- 1,510.97 MED TERM NOTE 101.0470 97.1110 DTD 11/08/19 2.150 11/08/2024 MOODY'S RATING A2 CUSIP 14913Q3B3 960,000 CHARLES SCHWAB CORP 959,729.90 872,860.80 0.58 86,869.10- 5,749.33 DTD 03/03/2022 2.450% 03/03/2027 99.9719 90.9230 CALLABLE MOODY'S RATING A2 CUSIP 808513BY0 1,500,000 FED HOME LN BK 1,564,890.20 1,480,140.00 0.98 84,750.20- 20,005.21 DTD 05/08/14 2.875 06/14/2024 104.3260 98.6760 MOODY'S RATING AAA CUSIP 3130A1XJ2 2,000,000 FED HOME LN BK 2,103,380.00 1,962,720.00 1.29 140,660.00- 12,458.33 DTD 08/15/14 2.875 09/13/2024 105.1690 98.1360 MOODY'S RATING AAA CUSIP 3130A2UW4 1,289,110.65 FED HOME LN MTG CORP 1,386,700.36 1,262,941.70 0.83 123,758.66- 3,406.47 SER KO41 CL A2 *24 DAY DELAY*107.5703 97.9700 DTD 12/01/14 3.171 10/25/2024 CUSIP 3137BFE98 2,365,000 FED HOME LN MTG CORP 2,363,178.95 2,270,258.10 1.50 92,920.85- 10,741.04 DTD 02/14/20 1.500 02/12/2025 99.9230 95.9940 MOODY'S RATING AAA CUSIP 3137EAEP0 PAGE 6 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,250,000 FED HOME LN MTG CORP 1,243,775.00 1,163,900.00 0.77 79,875.00- 1,692.71 SER USD 99.5020 93.1120 DTD 07/23/20 0.375 07/21/2025 MOODY'S RATING AAA CUSIP 3137EAEU9 2,500,000 FED HOME LN MTG CORP 2,489,362.80 2,309,000.00 1.52 180,362.80- 1,770.83 DTD 09/25/20 0.375 09/23/2025 99.5745 92.3600 MOODY'S RATING AAA CUSIP 3137EAEX3 855,000 FED HOME LN MTG CORP 854,153.55 854,632.35 0.56 478.80 1,050.94 DTD 12/04/20 0.250 12/04/2023 99.9010 99.9570 MOODY'S RATING AAA CUSIP 3137EAFA2 1,500,000 FED NATL MTG ASSN 1,484,895.00 1,469,250.00 0.97 15,645.00- 10,864.58 DTD 07/08/19 1.750 07/02/2024 98.9930 97.9500 MOODY'S RATING AAA CUSIP 3135G0V75 1,975,000 FED NATL MTG ASSN 1,965,802.75 1,914,940.25 1.26 50,862.50- 4,100.87 DTD 10/18/19 1.625 10/15/2024 99.5343 96.9590 MOODY'S RATING AAA CUSIP 3135G0W66 1,295,000 FED NATL MTG ASSN 1,309,953.95 1,247,059.10 0.82 62,894.85- 8,417.50 DTD 01/10/20 1.625 01/07/2025 101.1548 96.2980 MOODY'S RATING AAA CUSIP 3135G0X24 1,860,000 FED NATL MTG ASSN 1,856,168.40 1,752,789.60 1.16 103,378.80- 1,259.37 DTD 04/24/20 0.625 04/22/2025 99.7940 94.2360 MOODY'S RATING AAA CUSIP 3135G03U5 2,500,000 FED NATL MTG ASSN 2,499,227.30 2,337,675.00 1.54 161,552.30- 5,694.44 DTD 06/19/20 0.500 06/17/2025 99.9691 93.5070 MOODY'S RATING AAA CUSIP 3135G04Z3 PAGE 7 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 2,500,000 FED NATL MTG ASSN 2,487,983.75 2,316,550.00 1.53 171,433.75- 2,500.00 DTD 08/27/20 0.375 08/25/2025 99.5194 92.6620 MOODY'S RATING AAA CUSIP 3135G05X7 2,500,000 FED NATL MTG ASSN 2,492,700.00 2,303,950.00 1.52 188,750.00-833.33 DTD 11/12/20 0.500 11/07/2025 99.7080 92.1580 MOODY'S RATING AAA CUSIP 3135G06G3 2,800,000 FEDERAL FARM CREDIT BANK 2,789,612.00 2,814,616.00 1.86 25,004.00 5,755.56 DTD 11/15/2023 4.625% 11/15/2027 99.6290 100.5220 NON CALLABLE MOODY'S RATING AAA CUSIP 3133EPC60 1,000,000 FHLMC MULTIFAMILY STRUCTURED P 1,079,687.50 965,310.00 0.64 114,377.50- 2,508.33 SER K049 CL A2 *24 DAY DELAY*107.9688 96.5310 DTD 10/01/15 3.010 08/25/2025 CUSIP 3137BLMZ8 950,000 FHLMC MULTIFAMILY STRUCTURED P 1,018,132.81 920,863.50 0.61 97,269.31- 2,639.42 SER K050 CL A2 *24 DAY DELAY*107.1719 96.9330 DTD 11/01/15 08/25/2025 CUSIP 3137BLW95 440,000 FHLMC MULTIFAMILY STRUCTURED P 453,079.69 425,867.20 0.28 27,212.49- 1,212.93 SER K051 CL A2 *24 DAY DELAY*102.9727 96.7880 DTD 12/01/15 3.308 09/25/2025 CUSIP 3137BM7C4 570,000 FHLMC MULTIFAMILY STRUCTURED P 582,001.17 547,325.40 0.36 34,675.77- 1,422.63 SER K053 CL A2 *24 DAY DELAY*102.1055 96.0220 DTD 03/01/16 2.995 12/25/2025 CUSIP 3137BN6G4 650,000 FHLMC MULTIFAMILY STRUCTURED P 687,451.17 612,033.50 0.40 75,417.67- 1,437.04 SER K058 CL A2 *24 DAY DELAY*105.7617 94.1590 DTD 11/01/16 2.653 08/25/2026 CUSIP 3137BSP72 PAGE 8 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,000,000 FHLMC MULTIFAMILY STRUCTURED P 950,664.06 945,310.00 0.62 5,354.06- 2,703.33 SER K068 CL A2 *24 DAY DELAY*95.0664 94.5310 DTD 10/01/17 3.244 08/25/2027 MOODY'S RATING AAA CUSIP 3137FBBX3 99,705.04 GM FINANCIAL AUTOMOBILE LEASIN 99,703.69 99,414.90 0.07 288.79-10.80 SER 2021-3 CL A3 *0 DAY DELAY*99.9987 99.7090 DTD 08/18/21 0.390 10/21/2024 CUSIP 36262XAC8 578,202.99 GM FINANCIAL AUTOMOBILE LEASIN 578,198.01 573,380.78 0.38 4,817.23-326.85 SER 2022-1 CL A3 *0 DAY DELAY*99.9992 99.1660 DTD 02/23/22 1.850 03/20/2025 MOODY'S RATING AAA CUSIP 36265MAC9 267,989.87 GM FINANCIAL SECURITIZED TERM 267,983.04 257,993.85 0.17 9,989.19-75.93 SER 2021-4 CL A3 *0 DAY DELAY*99.9975 96.2700 DTD 10/21/21 0.680 09/16/2026 MOODY'S RATING AAA CUSIP 362554AC1 390,000 GM FINANCIAL SECURITIZED TERM 389,918.49 381,150.90 0.25 8,767.59-503.75 ASSET BCKD SEC SER 2022-2 CL A3 99.9791 97.7310 DTD 04/13/2022 3.100% 02/16/2027 CALLABLE MOODY'S RATING AAA CUSIP 362585AC5 261,079.43 GM FINANCIAL SECURITIZED TERM 261,056.73 252,547.35 0.17 8,509.38-137.07 SER 2022-1 CL A3 *0 DAY DELAY*99.9913 96.7320 DTD 01/19/22 1.260 11/16/2026 CUSIP 380146AC4 1,400,000 GUARDIAN LIFE GLOB FUND 1,385,860.00 1,273,230.00 0.84 112,630.00- 5,818.75 144A PRIV PLCMT 0.875 12/10/2025 98.9900 90.9450 MOODY'S RATING AA1 CUSIP 40139LBC6 PAGE 9 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 805,000 HONDA AUTO RECEIVABLES OWNER 806,992.67 813,806.70 0.54 6,814.03 2,916.11 ASSET BCKD SEC SER 2023-4 CL A3 100.2476 101.0940 DTD 11/08/2023 5.670% 06/21/2028 NON CALLABLE MOODY'S RATING AAA CUSIP 438123AC5 59,522.37 HONDA AUTO RECEIVABLES OWNER T 59,521.28 58,713.46 0.04 807.82-4.46 SER 2021-1 CL A3 *0 DAY DELAY*99.9982 98.6410 DTD 02/24/21 0.270 04/21/2025 MOODY'S RATING AAA CUSIP 43813GAC5 29,741.01 HONDA AUTO RECEIVABLES OWNER T 29,736.64 29,613.72 0.02 122.92-3.97 SER 2020-3 CL A3 *0 DAY DELAY*99.9853 99.5720 DTD 09/29/20 0.370 10/18/2024 CUSIP 43813KAC6 740,000 HONDA AUTO RECEIVABLES OWNER T 739,888.70 717,600.20 0.47 22,288.50-618.31 SER 2022-1 CL A3 *0 DAY DELAY*99.9850 96.9730 DTD 02/23/22 1.000 05/15/2026 MOODY'S RATING AAA CUSIP 43815BAC4 344,032.15 HONDA AUTO RECEIVABLES OWNER T 343,959.62 332,978.40 0.22 10,981.22-84.10 SER 2021-4 CL A3 *0 DAY DELAY*99.9789 96.7870 DTD 11/24/21 0.880 01/21/2026 MOODY'S RATING AAA CUSIP 43815GAC3 283,648.76 HYUNDAI AUTO LEASE SECURITIZAT 283,642.50 281,348.37 0.19 2,294.13-146.24 SER 2022-A CL A3 *0 DAY DELAY*99.9978 99.1890 144A PRIV PLCMT 1.160 01/15/2025 MOODY'S RATING AAA CUSIP 44891WAC3 1,010,000 HYUNDAI AUTO RECEIVABLES TRUST 1,009,961.12 983,053.20 0.65 26,907.92-996.53 ASSET BCKD SEC SER 2022-A CL A3 99.9962 97.3320 DTD 03/16/2022 2.220% 10/15/2026 CALLABLE CUSIP 448977AD0 PAGE 10 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 172,686.39 HYUNDAI AUTO RECEIVABLES TRUST 172,668.22 169,945.86 0.11 2,722.36-29.16 SER 2021-A CL A3 *0 DAY DELAY*99.9895 98.4130 DTD 04/28/21 0.380 09/15/2025 CUSIP 44933LAC7 988,717.31 HYUNDAI AUTO RECEIVABLES TRUST 963,718.12 958,947.03 0.63 4,771.09-325.18 SER 2021-C CL A3 *0 DAY DELAY*97.4716 96.9890 DTD 11/17/21 0.740 05/15/2026 CUSIP 44935FAD6 2,460,000 INTER-AMERICAN DEVEL BK 2,448,733.20 2,252,253.00 1.49 196,480.20- 2,451.46 DTD 04/20/21 0.875 04/20/2026 99.5420 91.5550 MOODY'S RATING AAA CUSIP 4581X0DV7 2,400,000 INTL BK RECON & DEVELOP 2,388,859.25 2,213,016.00 1.46 175,843.25- 1,100.00 DTD 10/28/20 0.500 10/28/2025 99.5358 92.2090 MOODY'S RATING AAA CUSIP 459058JL8 2,500,000 INTL FINANCE CORP 2,471,150.00 2,324,775.00 1.53 146,375.00- 3,515.63 DTD 07/16/20 0.375 07/16/2025 98.8460 92.9910 MOODY'S RATING AAA CUSIP 45950KCT5 402,289.78 JOHN DEERE OWNER TRUST 402,200.79 391,729.67 0.26 10,471.12-414.81 ASSET BCKD SEC SER 2022-A CL A3 99.9779 97.3750 DTD 03/16/2022 2.320% 09/16/2026 NON CALLABLE MOODY'S RATING AAA CUSIP 47787JAC2 374,083.57 JOHN DEERE OWNER TRUST 374,050.20 361,720.11 0.24 12,330.09-81.05 SER 2021-B CL A3 *0 DAY DELAY*99.9911 96.6950 DTD 07/21/21 0.520 03/16/2026 MOODY'S RATING AAA CUSIP 47789QAC4 PAGE 11 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 655,000 JOHN DEERE OWNER TRUST 654,937.45 639,207.95 0.42 15,729.50- 1,088.76 ASSET BCKD SEC SER 2022-B CL A3 99.9905 97.5890 DTD 07/20/2022 3.740% 02/16/2027 NON CALLABLE MOODY'S RATING AAA CUSIP 47800AAC4 1,050,000 JOHN DEERE OWNER TRUST 1,049,918.52 1,041,631.50 0.69 8,287.02- 2,375.33 ASSET BCKD SEC SER 2022-C CL A3 99.9923 99.2030 DTD 10/19/2022 5.090% 06/15/2027 CALLABLE MOODY'S RATING AAA CUSIP 47800BAC2 655,000 JPMORGAN CHASE &655,406.85 635,991.90 0.42 19,414.95- 2,785.61 SER F2F 100.0621 97.0980 DTD 06/23/21 06/23/2025 MOODY'S RATING A1 CUSIP 46647PCK0 401,000 JPMORGAN CHASE & CO 415,969.33 380,901.88 0.25 35,067.45-904.89 DTD 04/22/20 04/22/2026 103.7330 94.9880 MOODY'S RATING A1 CUSIP 46647PBK1 1,370,000 JPMORGAN CHASE & CO 1,371,773.90 1,332,914.10 0.88 38,859.80- 5,644.40 DTD 06/01/21 06/01/2025 100.1295 97.2930 MOODY'S RATING A1 CUSIP 46647PCH7 1,000,000 MASSMUTUAL GLOBAL FUNDIN 1,002,230.00 899,580.00 0.59 102,650.00- 4,500.00 144A PRIV PLCMT 1.200 07/16/2026 100.2230 89.9580 MOODY'S RATING AA3 CUSIP 57629WDE7 945,000 MASTERCARD INC 944,083.35 956,642.40 0.63 12,559.05 10,493.44 DTD 03/09/2023 4.875% 03/09/2028 99.9030 101.2320 CALLABLE MOODY'S RATING AA3 CUSIP 57636QAW4 PAGE 12 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,115,000 MET LIFE GLOB FUNDING I 1,113,728.90 1,000,188.45 0.66 113,540.45- 8,130.21 144A PRIV PLCMT 1.875 01/11/2027 99.8860 89.7030 MOODY'S RATING AA3 CUSIP 59217GER6 770,000 MET TOWER GLOBAL FUNDING 769,291.60 689,180.80 0.45 80,110.80- 2,058.68 144A PRIV PLCMT 1.250 09/14/2026 99.9080 89.5040 MOODY'S RATING AA3 CUSIP 58989V2D5 650,000 MORGAN STANLEY 615,699.50 618,020.00 0.41 2,320.50 1,303.68 DTD 04/28/20 04/28/2026 94.7230 95.0800 MOODY'S RATING A1 CUSIP 6174468Q5 1,000,000 MORGAN STANLEY BK 1,000,082.50 1,016,000.00 0.67 15,917.50 4,901.67 DTD 11/01/2023 5.882% 10/30/2026 100.0083 101.6000 CALLABLE MOODY'S RATING AA3 CUSIP 61690U7W4 1,680,000 NEW YORK LIFE GLOBAL FDG 1,678,185.60 1,609,860.00 1.06 68,325.60- 9,270.33 144A PRIV PLCMT 1.450 01/14/2025 99.8920 95.8250 MOODY'S RATING AAA CUSIP 64952WEK5 670,000 NORTHERN TRUST CORP 668,914.60 650,663.80 0.43 18,250.80- 1,563.33 DTD 05/10/2022 4.000% 05/10/2027 99.8380 97.1140 CALLABLE MOODY'S RATING A2 CUSIP 665859AW4 850,000 NORTHWESTERN MUTUAL GLBL 827,449.50 775,361.50 0.51 52,088.00- 2,587.78 144A PRIV PLCMT 0.800 01/14/2026 97.3470 91.2190 MOODY'S RATING AAA CUSIP 66815L2A6 PAGE 13 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,170,000 NORTHWESTERN MUTUAL GLBL 1,169,602.20 1,147,208.40 0.76 22,393.80- 19,500.00 DTD 07/01/2022 4.000% 07/01/2025 99.9660 98.0520 NON CALLABLE 144A PRIVATE PLACEMENT MOODY'S RATING AAA CUSIP 66815L2J7 370,000 PACCAR FINANCIAL CORP 369,182.30 361,319.80 0.24 7,862.50- 2,342.31 MED TERM NOTE 99.7790 97.6540 DTD 08/15/19 2.150 08/15/2024 MOODY'S RATING A1 CUSIP 69371RQ25 680,000 PACCAR FINANCIAL CORP 679,632.80 656,791.60 0.43 22,841.20- 1,057.78 MED TERM NOTE 99.9460 96.5870 DTD 08/09/21 0.500 08/09/2024 MOODY'S RATING A1 CUSIP 69371RR40 885,000 PACCAR FINANCIAL CORP 884,769.90 858,503.10 0.57 26,266.80- 3,783.38 MEDIUM TERM NOTE 99.9740 97.0060 DTD 04/07/2022 2.850% 04/07/2025 NON CALLABLE MOODY'S RATING A1 CUSIP 69371RR73 904,000 PRICOA GLOBAL FUNDING 1 832,972.72 835,133.28 0.55 2,160.56 1,808.00 144A PRIV PLCMT 0.800 09/01/2025 92.1430 92.3820 MOODY'S RATING AA3 CUSIP 74153WCM9 885,000 PRICOA GLOBAL FUNDING 1 884,088.45 846,360.90 0.56 37,727.55- 4,947.40 144A PRIV PLCMT 1.150 12/06/2024 99.8970 95.6340 MOODY'S RATING AA3 CUSIP 74153WCQ0 1,500,000 ROYAL BANK OF CANADA 1,533,359.18 1,471,170.00 0.97 62,189.18- 14,343.75 DTD 07/16/19 2.550 07/16/2024 102.2240 98.0780 MOODY'S RATING A1 CUSIP 78013XZU5 PAGE 14 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,050,000 ROYAL BANK OF CANADA 1,049,611.50 1,020,925.50 0.67 28,686.00- 4,626.56 MEDIUM TERM NOTE 99.9630 97.2310 CONVERTIBLE DTD 04/14/2022 3.375% 04/14/2025 NON CALLABLE MOODY'S RATING A1 CUSIP 78016EZ59 1,760,000 SALESFORCE.COM INC 1,748,937.40 1,708,396.80 1.13 40,540.60- 4,155.56 DTD 07/12/21 0.625 07/15/2024 99.3715 97.0680 MOODY'S RATING A2 CUSIP 79466LAG9 1,500,000 TORONTO-DOMINION BANK 1,527,255.00 1,475,565.00 0.97 51,690.00- 18,660.42 MED TERM NOTE 101.8170 98.3710 DTD 06/12/19 2.650 06/12/2024 MOODY'S RATING A1 CUSIP 89114QCA4 700,000 TORONTO-DOMINION BANK 674,737.00 670,215.00 0.44 4,522.00- 3,975.42 MED TERM NOTE SER FXD 96.3910 95.7450 DTD 01/12/22 1.450 01/10/2025 MOODY'S RATING A1 CUSIP 89114TZL9 1,300,000 TOYOTA AUTO RECEIVABLES OWNER 1,294,718.75 1,298,752.00 0.86 4,033.25 2,981.33 ASSET BCKD SEC SER 2023-C CL A3 99.5938 99.9040 DTD 08/15/2023 5.160% 04/17/2028 CALLABLE CUSIP 89231FAD2 7,717.4 TOYOTA AUTO RECEIVABLES OWNER 7,715.96 7,700.65 0.01 15.31-1.20 SER 2020-D CL A3 *0 DAY DELAY*99.9814 99.7830 DTD 10/13/20 0.350 01/15/2025 CUSIP 89236XAC0 325,983.42 TOYOTA AUTO RECEIVABLES OWNER 325,976.47 315,340.06 0.21 10,636.41-102.87 SER 2021-D CL A3 *0 DAY DELAY*99.9979 96.7350 DTD 11/15/21 0.710 04/15/2026 CUSIP 89238JAC9 PAGE 15 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 224,693.89 TOYOTA AUTO RECEIVABLES OWNER 224,652.19 221,831.29 0.15 2,820.90-25.96 SER 2021-A CL A3 *0 DAY DELAY*99.9815 98.7260 DTD 02/08/21 0.260 05/15/2025 MOODY'S RATING AAA CUSIP 89240BAC2 833,500.53 TOYOTA LEASE OWNER TRUST 833,369.33 826,157.39 0.55 7,211.94-499.17 ASSET BCKD SEC SER 2022-A CL A3 99.9843 99.1190 DTD 02/28/2022 1.960% 02/20/2025 CALLABLE 144A PRIVATE PLACEMENT CUSIP 89238LAC4 1,385,000 TOYOTA MOTOR CREDIT CORP 1,384,390.60 1,258,411.00 0.83 125,979.60- 7,054.84 MED TERM NOTE 99.9560 90.8600 DTD 06/18/21 1.125 06/18/2026 MOODY'S RATING A1 CUSIP 89236TJK2 1,215,000 TOYOTA MOTOR CREDIT CORP 1,213,371.90 1,165,756.05 0.77 47,615.85- 6,753.37 DTD 01/13/22 1.450 01/13/2025 99.8660 95.9470 MOODY'S RATING A1 CUSIP 89236TJT3 3,100,000 UNITED STATES TREASURY NOTES 3,057,617.20 2,974,419.00 1.96 83,198.20- 11,475.96 DTD 03/15/2022 1.750% 03/15/2025 98.6328 95.9490 MOODY'S RATING AAA CUSIP 91282CED9 3,250,000 UNITED STATES TREASURY NOTES 3,260,312.50 3,126,987.50 2.06 133,325.00- 44,201.77 DTD 06/30/2022 3.250% 06/30/2027 100.3173 96.2150 MOODY'S RATING AAA CUSIP 91282CEW7 400,000 UNITED STATES TREASURY NOTES 393,218.75 377,796.00 0.25 15,422.75- 3,676.63 DTD 07/31/2022 2.750% 07/31/2027 98.3047 94.4490 MOODY'S RATING AAA CUSIP 91282CFB2 PAGE 16 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 4,500,000 UNITED STATES TREASURY NOTES 4,468,902.34 4,303,125.00 2.84 165,777.34- 35,542.58 DTD 08/31/2022 3.125% 08/31/2027 99.3090 95.6250 MOODY'S RATING AAA CUSIP 91282CFH9 3,450,000 UNITED STATES TREASURY NOTES 3,421,152.34 3,418,053.00 2.25 3,099.34- 24,107.58 DTD 09/30/2022 4.125% 09/30/2027 99.1639 99.0740 MOODY'S RATING AAA CUSIP 91282CFM8 850,000 UNITED STATES TREASURY NOTES 852,656.25 834,530.00 0.55 18,126.25-89.99 DTD 11/30/2022 3.875% 11/30/2027 100.3125 98.1800 MOODY'S RATING AAA CUSIP 91282CFZ9 2,750,000 UNITED STATES TREASURY NOTES 2,775,107.42 2,699,840.00 1.78 75,267.42- 44,594.09 DTD 12/31/2022 3.875% 12/31/2027 100.9130 98.1760 MOODY'S RATING AAA CUSIP 91282CGC9 3,000,000 UNITED STATES TREASURY NOTES 2,957,929.69 2,902,140.00 1.91 55,789.69- 35,095.11 DTD 01/31/2023 3.500% 01/31/2028 98.5977 96.7380 MOODY'S RATING AAA CUSIP 91282CGH8 3,700,000 UNITED STATES TREASURY NOTES 3,699,113.28 3,649,125.00 2.41 49,988.28- 37,406.59 DTD 02/28/2023 4.000% 02/29/2028 99.9760 98.6250 MOODY'S RATING AAA CUSIP 91282CGP0 1,035,000 UNITEDHEALTH GROUP INC 1,025,051.35 948,525.75 0.63 76,525.60-529.00 DTD 05/19/21 1.150 05/15/2026 99.0388 91.6450 MOODY'S RATING A2 CUSIP 91324PEC2 675,000 UNITEDHEALTH GROUP INC 675,316.70 650,612.25 0.43 24,704.45- 1,110.00 DTD 05/20/2022 3.700% 05/15/2027 100.0469 96.3870 CALLABLE MOODY'S RATING A2 CUSIP 91324PEG3 PAGE 17 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,250,000 US BANCORP 1,268,262.50 1,222,312.50 0.81 45,950.00- 10,083.33 DTD 07/29/19 2.400 07/30/2024 101.4610 97.7850 MOODY'S RATING A3 CUSIP 91159HHX1 1,500,000 US TREASURY NOTE 1,469,765.63 1,390,845.00 0.92 78,920.63- 1,253.40 DTD 07/31/20 0.250 07/31/2025 97.9844 92.7230 MOODY'S RATING AAA CUSIP 91282CAB7 2,400,000 US TREASURY NOTE 2,366,140.63 2,212,032.00 1.46 154,108.63- 1,016.39 DTD 09/30/20 0.250 09/30/2025 98.5892 92.1680 MOODY'S RATING AAA CUSIP 91282CAM3 2,450,000 US TREASURY NOTE 2,422,492.19 2,250,839.50 1.48 171,652.69-521.63 DTD 10/31/20 0.250 10/31/2025 98.8772 91.8710 MOODY'S RATING AAA CUSIP 91282CAT8 2,250,000 US TREASURY NOTE 2,209,658.20 2,066,220.00 1.36 143,438.20-23.05 DTD 11/30/20 0.375 11/30/2025 98.2070 91.8320 MOODY'S RATING AAA CUSIP 91282CAZ4 2,500,000 US TREASURY NOTE 2,456,445.31 2,282,525.00 1.51 173,920.31- 3,133.49 DTD 02/01/21 0.375 01/31/2026 98.2578 91.3010 MOODY'S RATING AAA CUSIP 91282CBH3 2,500,000 US TREASURY NOTE 2,493,652.34 2,284,775.00 1.51 208,877.34- 1,596.84 DTD 04/30/21 0.750 04/30/2026 99.7461 91.3910 MOODY'S RATING AAA CUSIP 91282CBW0 1,400,000 US TREASURY NOTE 1,379,054.68 1,268,484.00 0.84 110,570.68- 2,075.14 DTD 09/30/21 0.875 09/30/2026 98.5039 90.6060 MOODY'S RATING AAA CUSIP 91282CCZ2 PAGE 18 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,400,000 US TREASURY NOTE 1,391,468.75 1,273,454.00 0.84 118,014.75- 1,341.35 DTD 11/01/21 1.125 10/31/2026 99.3906 90.9610 CUSIP 91282CDG3 1,700,000 US TREASURY NOTE 1,753,191.41 1,665,473.00 1.10 87,718.41- 11,849.18 DTD 08/15/14 2.375 08/15/2024 103.1289 97.9690 MOODY'S RATING AAA CUSIP 912828D56 2,000,000 US TREASURY NOTE 2,018,574.22 1,961,960.00 1.29 56,614.22- 16,739.13 DTD 06/30/17 2.000 06/30/2024 100.9287 98.0980 MOODY'S RATING AAA CUSIP 912828XX3 1,700,000 US TREASURY NOTE 1,705,976.56 1,676,761.00 1.11 29,215.56- 2,895.60 DTD 05/01/17 2.000 04/30/2024 100.3516 98.6330 MOODY'S RATING AAA CUSIP 912828X70 2,100,000 US TREASURY NOTE 2,087,203.13 2,025,261.00 1.34 61,942.13- 15,379.08 DTD 12/31/19 1.750 12/31/2024 99.3906 96.4410 CUSIP 912828YY0 1,500,000 US TREASURY NOTE 1,523,144.53 1,429,215.00 0.94 93,929.53- 4,356.32 DTD 03/02/20 1.125 02/28/2025 101.5430 95.2810 MOODY'S RATING AAA CUSIP 912828ZC7 2,500,000 US TREASURY NOTE 2,360,839.85 2,344,050.00 1.55 16,789.85-798.42 DTD 04/30/20 0.375 04/30/2025 94.4336 93.7620 MOODY'S RATING AAA CUSIP 912828ZL7 570,000 VERIZON MASTER TRUST 569,974.92 568,358.40 0.37 1,616.52-647.90 ASSET BCKD SEC SER 2022-5 CL A1A 99.9956 99.7120 DTD 08/11/2022 VAR CPN 07/20/2027 CALLABLE CUSIP 92348KAV5 PAGE 19 STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO AS OF NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF ASSETS AND LIABILITIES COST VALUE MARKET VALUE % TOTAL UNREALIZED PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 350,000 WALMART INC 349,338.50 318,076.50 0.21 31,262.00-755.42 DTD 09/17/21 1.050 09/17/2026 99.8110 90.8790 MOODY'S RATING AA2 CUSIP 931142ER0 TOTAL BOND & NOTES 153,350,509.70 146,552,788.49 96.69 6,797,721.21- 651,940.25 ====================================================================================================================================== TOTAL INVESTMENTS 158,297,260.16 151,577,093.72 100.00 6,720,166.44- 656,877.33 TOTAL ACCRUALS 656,877.33 656,877.33 ====================================================================================================================================== TOTAL ACCRUALS AND INVESTMENTS 158,954,137.49 152,233,971.05 PAGE 20 CASH SUMMARY CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ CASH SUMMARY DESCRIPTION PRINCIPAL CASH INCOME CASH ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ BEGINNING BALANCE 0.00 0.00 RECEIPTS NET INTEREST COLLECTED 0.00 193,440.42 TRANSFER RECEIPTS 193,440.42 0.00 SALES 5,111,494.62 0.00 CASH MANAGEMENT SALES 2,825,864.66 0.00 TOTAL CASH RECEIPTS 8,130,799.70 193,440.42 DISBURSEMENTS INVESTMENT MANAGEMENT EXPENSES 9,179.96-0.00 TRANSFER DISBURSEMENTS 0.00 193,440.42- PURCHASES 5,891,405.92-0.00 CASH MANAGEMENT PURCHASES 2,230,213.82-0.00 TOTAL CASH DISBURSEMENTS 8,130,799.70-193,440.42- ENDING BALANCE 0.00 0.00 ________________________________________________________________________________________________________________________________________ PAGE 21 STATEMENT OF TRANSACTIONS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF TRANSACTIONS REALIZED DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ BEGINNING BALANCE 0.00 158,103,571.71 ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ CASH EQUIVALENTS 11/01/23 INTEREST RECEIVED 2,465.53 AS 100% TREAS MM FD-SVC CL #008 INTEREST FROM 10/1/23 TO 10/31/23 11/01/23 INTEREST RECEIVED 121.28 PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM INTEREST FROM 10/1/23 TO 10/31/23 11/02/23 1,500,000- MATURED 1,463,954.69 1,463,954.69- U.S. TREASURY BILLS 11/02/23 CUSIP 912796YT0 AT $100.0000 ON TRADE DATE 11/02/2023 11/02/23 INTEREST RECEIVED 36,045.31 U.S. TREASURY BILLS 11/02/23 CUSIP 912796YT0 INTEREST ON 1,500,000.000 UNITS 1,500,000 PAR VALUE AT 100 % 11/30/23 2,230,092.54 CASH SWEEP PURCHASES FOR STMT PERIOD 2,230,092.54- 2,230,092.54 AS 100% TREAS MM FD-SVC CL #008 13 TRANSACTIONS 11/30/23 121.28 CASH SWEEP PURCHASES FOR STMT PERIOD 121.28-121.28 PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM 1 TRANSACTIONS 11/30/23 2,825,864.66- CASH SWEEP SALES FOR STMT PERIOD 2,825,864.66 2,825,864.66- AS 100% TREAS MM FD-SVC CL #008 5 TRANSACTIONS PAGE 22 STATEMENT OF TRANSACTIONS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF TRANSACTIONS REALIZED DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ BONDS & NOTES 11/13/23 INTEREST RECEIVED 9,375.00 AMAZON.COM INC 1.000% 5/12/26 CUSIP 023135BX3 INTEREST ON 1,875,000.000 UNITS 11/15/23 INTEREST RECEIVED 2,845.38 AMERICAN EXPRES ABS 2.210% 3/15/27 CUSIP 02589BAA8 $0.00184/PV ON 1,545,000.00 PV DUE 11/15/23 11/15/23 INTEREST RECEIVED 3,884.38 AMERICAN EXPRESS ABS 3.390% 5/17/27 CUSIP 02582JJT8 $0.00283/PV ON 1,375,000.00 PV DUE 11/15/23 11/01/23 INTEREST RECEIVED 11,470.00 BANK OF MONTREAL 1.850% 5/01/25 CUSIP 06367WB85 INTEREST ON 1,240,000.000 UNITS 11/20/23 INTEREST RECEIVED 19,750.00 BANK OF NEW YORK MEL 3.950% 11/18/25 CUSIP 06406HCQ0 INTEREST ON 1,000,000.000 UNITS 11/27/23 INTEREST RECEIVED 12.65 BMW VEHICLE LEASE TR 0.330% 12/26/24 CUSIP 09690AAC7 $0.00003/PV ON 46,013.75 PV DUE 11/25/23 PAGE 23 STATEMENT OF TRANSACTIONS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF TRANSACTIONS REALIZED DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/27/23 37,730.83- PAID DOWN 37,730.83 37,726.94-3.89 BMW VEHICLE LEASE TR 0.330% 12/26/24 CUSIP 09690AAC7 TO SETTLE ON 11/27/2023 11/27/23 INTEREST RECEIVED 186.05 BMW VEHICLE LEASE TR 1.100% 3/25/25 CUSIP 05601XAC3 $0.00041/PV ON 202,962.66 PV DUE 11/25/23 11/27/23 43,388.27- PAID DOWN 43,388.27 43,381.79-6.48 BMW VEHICLE LEASE TR 1.100% 3/25/25 CUSIP 05601XAC3 TO SETTLE ON 11/27/2023 11/27/23 INTEREST RECEIVED 1,417.75 BMW VEHICLE OWN ABS 3.210% 8/25/26 CUSIP 05602RAD3 $0.00268/PV ON 530,000.00 PV DUE 11/25/23 11/08/23 INTEREST RECEIVED 11,825.00 CATERPILLAR FINL SER 2.150% 11/08/24 CUSIP 14913Q3B3 INTEREST ON 1,100,000.000 UNITS 11/27/23 INTEREST RECEIVED 3,413.95 FED HOME LN MTG CORP 3.171% 10/25/24 CUSIP 3137BFE98 $0.00263/PV ON 1,291,940.79 PV DUE 11/25/23 11/27/23 2,830.14- PAID DOWN 2,830.14 3,044.39-214.25- FED HOME LN MTG CORP 3.171% 10/25/24 CUSIP 3137BFE98 TO SETTLE ON 11/27/2023 PAGE 24 STATEMENT OF TRANSACTIONS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF TRANSACTIONS REALIZED DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/07/23 INTEREST RECEIVED 6,250.00 FED NATL MTG ASSN 0.500% 11/07/25 CUSIP 3135G06G3 INTEREST ON 2,500,000.000 UNITS 11/15/23 2,800,000 PURCHASED 2,789,612.00- 2,789,612.00 FFCB 4.625% 11/15/27 CUSIP 3133EPC60 AT $99.6290 ON TRADE DATE 11/09/2023 TO SETTLE ON 11/15/2023 TORONTO DOMINION BANK 11/27/23 INTEREST RECEIVED 1,437.04 FHLMC MULTIFAMILY ST 2.653% 8/25/26 CUSIP 3137BSP72 $0.00221/PV ON 650,000.00 PV DUE 11/25/23 11/27/23 INTEREST RECEIVED 1,422.62 FHLMC MULTIFAMILY ST 2.995% 12/25/25 CUSIP 3137BN6G4 $0.00250/PV ON 570,000.00 PV DUE 11/25/23 11/27/23 INTEREST RECEIVED 2,508.33 FHLMC MULTIFAMILY ST 3.010% 8/25/25 CUSIP 3137BLMZ8 $0.00251/PV ON 1,000,000.00 PV DUE 11/25/23 11/27/23 INTEREST RECEIVED 2,703.33 FHLMC MULTIFAMILY ST 3.244% 8/25/27 CUSIP 3137FBBX3 $0.00270/PV ON 1,000,000.00 PV DUE 11/25/23 PAGE 25 STATEMENT OF TRANSACTIONS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF TRANSACTIONS REALIZED DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/27/23 INTEREST RECEIVED 1,212.93 FHLMC MULTIFAMILY ST 3.308% 9/25/25 CUSIP 3137BM7C4 $0.00276/PV ON 440,000.00 PV DUE 11/25/23 11/16/23 INTEREST RECEIVED 1,007.50 GM FINANCIAL ABS 3.100% 2/16/27 CUSIP 362585AC5 $0.00258/PV ON 390,000.00 PV DUE 11/16/23 11/20/23 INTEREST RECEIVED 70.35 GM FINANCIAL AUTOMOB 0.390% 10/21/24 CUSIP 36262XAC8 $0.00007/PV ON 216,445.50 PV DUE 11/20/23 11/20/23 116,740.46- PAID DOWN 116,740.46 116,738.87-1.59 GM FINANCIAL AUTOMOB 0.390% 10/21/24 CUSIP 36262XAC8 11/20/23 INTEREST RECEIVED 1,087.37 GM FINANCIAL AUTOMOB 1.850% 3/20/25 CUSIP 36265MAC9 $0.00115/PV ON 686,759.18 PV DUE 11/20/23 11/20/23 108,556.19- PAID DOWN 108,556.19 108,555.26-0.93 GM FINANCIAL AUTOMOB 1.850% 3/20/25 CUSIP 36265MAC9 11/16/23 INTEREST RECEIVED 161.20 GM FINANCIAL SECURIT 0.680% 9/16/26 CUSIP 362554AC1 $0.00046/PV ON 284,478.20 PV DUE 11/16/23 PAGE 26 STATEMENT OF TRANSACTIONS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF TRANSACTIONS REALIZED DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/16/23 16,488.33- PAID DOWN 16,488.33 16,487.91-0.42 GM FINANCIAL SECURIT 0.680% 9/16/26 CUSIP 362554AC1 11/16/23 INTEREST RECEIVED 290.12 GM FINANCIAL SECURIT 1.260% 11/16/26 CUSIP 380146AC4 $0.00098/PV ON 276,305.34 PV DUE 11/16/23 11/16/23 15,225.91- PAID DOWN 15,225.91 15,224.59-1.32 GM FINANCIAL SECURIT 1.260% 11/16/26 CUSIP 380146AC4 11/08/23 340,000 PURCHASED 339,940.13-339,940.13 HONDA AUTO RECE ABS 5.670% 6/21/28 CUSIP 438123AC5 AT $99.9824 ON TRADE DATE 11/01/2023 TO SETTLE ON 11/08/2023 J.P. MORGAN SECURITIES INC., - 11/08/23 465,000 PURCHASED 467,052.54-467,052.54 HONDA AUTO RECE ABS 5.670% 6/21/28 CUSIP 438123AC5 AT $100.4414 ON TRADE DATE 11/03/2023 TO SETTLE ON 11/08/2023 MITSUBISHI UFJ SECURITIES (USA 11/21/23 INTEREST RECEIVED 15.90 HONDA AUTO RECEIVABL 0.270% 4/21/25 CUSIP 43813GAC5 $0.00005/PV ON 70,658.90 PV DUE 11/21/23 11/21/23 11,136.53- PAID DOWN 11,136.53 11,136.33-0.20 HONDA AUTO RECEIVABL 0.270% 4/21/25 CUSIP 43813GAC5 PAGE 27 STATEMENT OF TRANSACTIONS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF TRANSACTIONS REALIZED DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/20/23 INTEREST RECEIVED 15.01 HONDA AUTO RECEIVABL 0.370% 10/18/24 CUSIP 43813KAC6 $0.00003/PV ON 48,665.77 PV DUE 11/18/23 11/20/23 18,924.76- PAID DOWN 18,924.76 18,921.98-2.78 HONDA AUTO RECEIVABL 0.370% 10/18/24 CUSIP 43813KAC6 TO SETTLE ON 11/20/2023 11/21/23 INTEREST RECEIVED 270.62 HONDA AUTO RECEIVABL 0.880% 1/21/26 CUSIP 43815GAC3 $0.00059/PV ON 369,033.52 PV DUE 11/21/23 11/21/23 25,001.37- PAID DOWN 25,001.37 24,996.10-5.27 HONDA AUTO RECEIVABL 0.880% 1/21/26 CUSIP 43815GAC3 11/15/23 INTEREST RECEIVED 1,159.33 HONDA AUTO RECEIVABL 1.000% 5/15/26 CUSIP 43815BAC4 $0.00157/PV ON 740,000.00 PV DUE 11/15/23 11/15/23 INTEREST RECEIVED 335.77 HYUNDAI AUTO LEASE 1.160% 1/15/25 CUSIP 44891WAC3 $0.00062/PV ON 347,347.72 PV DUE 11/15/23 11/15/23 63,698.96- PAID DOWN 63,698.96 63,697.55-1.41 HYUNDAI AUTO LEASE 1.160% 1/15/25 CUSIP 44891WAC3 AT $4,374.8687 ON TRADE DATE 11/15/2023 PAGE 28 STATEMENT OF TRANSACTIONS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF TRANSACTIONS REALIZED DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/15/23 INTEREST RECEIVED 1,868.50 HYUNDAI AUTO REC ABS 2.220% 10/15/26 CUSIP 448977AD0 $0.00185/PV ON 1,010,000.00 PV DUE 11/15/23 11/15/23 INTEREST RECEIVED 62.56 HYUNDAI AUTO RECEIVA 0.380% 9/15/25 CUSIP 44933LAC7 $0.00012/PV ON 197,567.45 PV DUE 11/15/23 11/15/23 24,881.06- PAID DOWN 24,881.06 24,878.44-2.62 HYUNDAI AUTO RECEIVA 0.380% 9/15/25 CUSIP 44933LAC7 11/15/23 INTEREST RECEIVED 655.34 HYUNDAI AUTO RECEIVA 0.740% 5/15/26 CUSIP 44935FAD6 $0.00049/PV ON 1,062,714.41 PV DUE 11/15/23 11/15/23 73,997.1- PAID DOWN 73,997.10 72,126.12-1,870.98 HYUNDAI AUTO RECEIVA 0.740% 5/15/26 CUSIP 44935FAD6 AT $238.1779 ON TRADE DATE 11/15/2023 11/15/23 INTEREST RECEIVED 3,500.00 INTER-AMERICAN DEVEL 0.250% 11/15/23 CUSIP 4581X0DP0 INTEREST ON 2,800,000.000 UNITS 11/15/23 2,800,000- MATURED 2,800,000.00 2,792,300.00-7,700.00 INTER-AMERICAN DEVEL 0.250% 11/15/23 CUSIP 4581X0DP0 AT $100.0000 ON TRADE DATE 11/15/2023 PAGE 29 STATEMENT OF TRANSACTIONS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF TRANSACTIONS REALIZED DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/15/23 INTEREST RECEIVED 4,453.75 JOHN DEERE OWNE ABS 5.090% 6/15/27 CUSIP 47800BAC2 $0.00424/PV ON 1,050,000.00 PV DUE 11/15/23 11/15/23 INTEREST RECEIVED 855.91 JOHN DEERE OWNER ABS 2.320% 9/16/26 CUSIP 47787JAC2 $0.00190/PV ON 442,714.64 PV DUE 11/15/23 11/15/23 40,424.86- PAID DOWN 40,424.86 40,415.92-8.94 JOHN DEERE OWNER ABS 2.320% 9/16/26 CUSIP 47787JAC2 AT $327.8053 ON TRADE DATE 11/15/2023 11/15/23 INTEREST RECEIVED 2,041.42 JOHN DEERE OWNER ABS 3.740% 2/16/27 CUSIP 47800AAC4 $0.00312/PV ON 655,000.00 PV DUE 11/15/23 11/15/23 INTEREST RECEIVED 0.63 JOHN DEERE OWNER TRU 0.510% 11/15/24 CUSIP 47787NAC3 $0.00000/PV ON 1,481.58 PV DUE 11/15/23 11/15/23 1,481.58- PAID DOWN 1,481.58 1,481.35-0.23 JOHN DEERE OWNER TRU 0.510% 11/15/24 CUSIP 47787NAC3 11/15/23 INTEREST RECEIVED 175.77 JOHN DEERE OWNER TRU 0.520% 3/16/26 CUSIP 47789QAC4 $0.00030/PV ON 405,620.43 PV DUE 11/15/23 PAGE 30 STATEMENT OF TRANSACTIONS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF TRANSACTIONS REALIZED DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/15/23 31,536.86- PAID DOWN 31,536.86 31,534.05-2.81 JOHN DEERE OWNER TRU 0.520% 3/16/26 CUSIP 47789QAC4 11/02/23 275,000 PURCHASED 275,082.50-275,082.50 MORGAN STANLEY BK 5.882% 10/30/26 CUSIP 61690U7W4 AT $100.0300 ON TRADE DATE 10/31/2023 TO SETTLE ON 11/02/2023 MERRILL LYNCH,PIERCE,FENNER 11/02/23 ACCRUED INTEREST ON PURCHASE 44.93- MORGAN STANLEY BK 5.882% 10/30/26 CUSIP 61690U7W4 11/02/23 725,000 PURCHASED 725,000.00-725,000.00 MORGAN STANLEY BK 5.882% 10/30/26 CUSIP 61690U7W4 AT $100.0000 ON TRADE DATE 10/30/2023 TO SETTLE ON 11/02/2023 MORGAN STANLEY & CO. 11/10/23 INTEREST RECEIVED 13,400.00 NORTHERN TRUST CORP 4.000% 5/10/27 CUSIP 665859AW4 INTEREST ON 670,000.000 UNITS 11/24/23 1,300,000 PURCHASED 1,294,718.75- 1,294,718.75 TOYOTA AUTO REC ABS 5.160% 4/17/28 CUSIP 89231FAD2 AT $99.5938 ON TRADE DATE 11/21/2023 TO SETTLE ON 11/24/2023 MITSUBISHI UFJ SECURITIES (USA 11/24/23 ACCRUED INTEREST ON PURCHASE 1,677.00- TOYOTA AUTO REC ABS 5.160% 4/17/28 CUSIP 89231FAD2 PAGE 31 STATEMENT OF TRANSACTIONS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF TRANSACTIONS REALIZED DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/15/23 INTEREST RECEIVED 57.27 TOYOTA AUTO RECEIVAB 0.260% 5/15/25 CUSIP 89240BAC2 $0.00005/PV ON 264,302.42 PV DUE 11/15/23 11/15/23 39,608.53- PAID DOWN 39,608.53 39,601.18-7.35 TOYOTA AUTO RECEIVAB 0.260% 5/15/25 CUSIP 89240BAC2 AT $334.5613 ON TRADE DATE 11/15/2023 11/15/23 INTEREST RECEIVED 6.84 TOYOTA AUTO RECEIVAB 0.350% 1/15/25 CUSIP 89236XAC0 $0.00002/PV ON 23,440.64 PV DUE 11/15/23 11/15/23 15,723.24- PAID DOWN 15,723.24 15,720.31-2.93 TOYOTA AUTO RECEIVAB 0.350% 1/15/25 CUSIP 89236XAC0 11/15/23 INTEREST RECEIVED 206.44 TOYOTA AUTO RECEIVAB 0.710% 4/15/26 CUSIP 89238JAC9 $0.00048/PV ON 348,905.62 PV DUE 11/15/23 11/15/23 22,922.2- PAID DOWN 22,922.20 22,921.71-0.49 TOYOTA AUTO RECEIVAB 0.710% 4/15/26 CUSIP 89238JAC9 AT $578.1069 ON TRADE DATE 11/15/2023 11/20/23 INTEREST RECEIVED 1,585.55 TOYOTA LEASE OWN ABS 1.960% 2/20/25 CUSIP 89238LAC4 $0.00138/PV ON 970,743.28 PV DUE 11/20/23 PAGE 32 STATEMENT OF TRANSACTIONS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF TRANSACTIONS REALIZED DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/20/23 137,242.75- PAID DOWN 137,242.75 137,221.15-21.60 TOYOTA LEASE OWN ABS 1.960% 2/20/25 CUSIP 89238LAC4 11/30/23 INTEREST RECEIVED 16,468.75 U.S. TREASURY NOTES 3.875% 11/30/27 CUSIP 91282CFZ9 INTEREST ON 850,000.000 UNITS 11/15/23 INTEREST RECEIVED 5,951.25 UNITEDHEALTH GROUP 1.150% 5/15/26 CUSIP 91324PEC2 INTEREST ON 1,035,000.000 UNITS 11/15/23 INTEREST RECEIVED 12,487.50 UNITEDHEALTH GRP INC 3.700% 5/15/27 CUSIP 91324PEG3 INTEREST ON 675,000.000 UNITS 11/30/23 INTEREST RECEIVED 4,218.75 US TREASURY NOTE 0.375% 11/30/25 CUSIP 91282CAZ4 INTEREST ON 2,250,000.000 UNITS 11/20/23 INTEREST RECEIVED 1,767.00 VERIZON MAST ABS V-M 3.720% 7/20/27 CUSIP 92348KAV5 $0.00310/PV ON 570,000.00 PV DUE 11/20/23 11/27/23 INTEREST RECEIVED 2,639.42 VR FHLMC MULTIFAMI 3.334% 8/25/25 CUSIP 3137BLW95 $0.00278/PV ON 950,000.00 PV DUE 11/25/23 PAGE 33 STATEMENT OF TRANSACTIONS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF TRANSACTIONS REALIZED DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ TRANSFER RECEIPTS 11/01/23 ADDITION TO ACCOUNT 2,586.81 TRANSFER FROM INCOME 11/02/23 ADDITION TO ACCOUNT 47,470.38 TRANSFER FROM INCOME 11/07/23 ADDITION TO ACCOUNT 6,250.00 TRANSFER FROM INCOME 11/08/23 ADDITION TO ACCOUNT 11,825.00 TRANSFER FROM INCOME 11/10/23 ADDITION TO ACCOUNT 13,400.00 TRANSFER FROM INCOME 11/13/23 ADDITION TO ACCOUNT 9,375.00 TRANSFER FROM INCOME 11/15/23 ADDITION TO ACCOUNT 40,548.04 TRANSFER FROM INCOME 11/16/23 ADDITION TO ACCOUNT 451.32 TRANSFER FROM INCOME 11/17/23 ADDITION TO ACCOUNT 1,007.50 TRANSFER FROM INCOME 11/20/23 ADDITION TO ACCOUNT 24,275.28 TRANSFER FROM INCOME 11/21/23 ADDITION TO ACCOUNT 286.52 TRANSFER FROM INCOME PAGE 34 STATEMENT OF TRANSACTIONS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF TRANSACTIONS REALIZED DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/27/23 ADDITION TO ACCOUNT 15,277.07 TRANSFER FROM INCOME 11/30/23 ADDITION TO ACCOUNT 20,687.50 TRANSFER FROM INCOME INVESTMENT MANAGEMENT EXPENSES 11/06/23 INVESTMENT MGMT FEE 9,179.96- PAID TO CHANDLER ASSET MANAGEMENT INC INV 2310CUPERTIN CHANDLER ASSET MGMT FEE TRANSFER DISBURSEMENTS 11/01/23 TRANSFER TO PRINCIPAL 2,586.81- 11/02/23 TRANSFER TO PRINCIPAL 47,470.38- 11/07/23 TRANSFER TO PRINCIPAL 6,250.00- 11/08/23 TRANSFER TO PRINCIPAL 11,825.00- 11/10/23 TRANSFER TO PRINCIPAL 13,400.00- 11/13/23 TRANSFER TO PRINCIPAL 9,375.00- 11/15/23 TRANSFER TO PRINCIPAL 40,548.04- 11/16/23 TRANSFER TO PRINCIPAL 451.32- 11/17/23 TRANSFER TO PRINCIPAL 1,007.50- 11/20/23 TRANSFER TO PRINCIPAL 24,275.28- PAGE 35 STATEMENT OF TRANSACTIONS CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ STATEMENT OF TRANSACTIONS REALIZED DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/21/23 TRANSFER TO PRINCIPAL 286.52- 11/27/23 TRANSFER TO PRINCIPAL 15,277.07- 11/30/23 TRANSFER TO PRINCIPAL 20,687.50- ================================================================================================================= ENDING BALANCE 0.00 158,297,260.16 ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ INVESTMENT AND INSURANCE PRODUCTS ARE: ·NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY FEDERAL GOVERNMENT AGENCY ·NOT A DEPOSIT, OBLIGATION OF, OR GUARANTEED BY ANY BANK OR BANKING AFFILIATE ·SUBJECT TO INVESTMENT RISKS AND MAY LOSE VALUE, INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED PAGE 36 PENDING TRADES SCHEDULE CITY OF CUPERTINO FOR THE PERIOD NOVEMBER 1, 2023 THROUGH NOVEMBER 30, 2023 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ PENDING TRADES SCHEDULE TRADE SETTLE ACCRUED DUE TO/FROM MONTH END PAR VALUE/SHARES DESCRIPTION DATE DATE INTEREST BROKER MARKET VALUE ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ PENDING PURCHASES ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,100,000 MERCEDES-BENZ ABS 5.950% 11/15/28 11/29/23 12/04/23 3,454.31- 1,123,289.06- 1,122,264.00 PRICE: 102.1172 CUSIP 58769FAC9 ==================================================================================================================================== TOTAL PENDING PURCHASES 3,454.31- 1,123,289.06- 1,122,264.00 ____________________________________________________________________________________________________________________________________ NET PENDING TRADES 3,454.31- 1,123,289.06- 1,122,264.00 Commercial Checking Acct Public Funds Account number: November 1, 2023 - November 30, 2023 Page 1 of 3 ©2010 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. (182) Questions? Call your Customer Service Officer or Client Services 1-800-AT WELLS (1-800-289-3557) 5:00 AM TO 6:00 PM Pacific Time Monday - Friday Online: wellsfargo.com Write: Wells Fargo Bank, N.A. (182) PO Box 63020 San Francisco, CA 94163 CITY OF CUPERTINO EMPLOYEE BENEFITS 10300 TORRE AVE CUPERTINO CA 95014-3202 Account summary Commercial Checking Acct Public Funds Account number Beginning balance Total credits Total debits Ending balance $209,050.27 $12,356.68 -$13,975.94 $207,431.01 Credits Electronic deposits/bank credits Effective date Posted date Amount Transaction detail 11/10 5,409.11 City of Cupertin Eflex Group, Inc 11/22 6,947.57 City of Cupertin Eflex Group, Inc $12,356.68 Total electronic deposits/bank credits $12,356.68 Total credits Debits Electronic debits/bank debits Effective date Posted date Amount Transaction detail 11/02 235.03 < Business to Business ACH Debit - Tasc Tascfunds City of Cupertino - PO 11/07 618.85 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO 11/07 745.35 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO 11/09 2.50 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO 11/10 2,862.59 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO 11/13 909.05 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO 11/14 837.74 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO Sheet Seq = 0021916 Sheet 00001 of 00003 ©2010 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. Account number: November 1, 2023 - November 30, 2023 Page 2 of 3 Electronic debits/bank debits (continued) Effective date Posted date Amount Transaction detail 11/15 108.98 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO 11/16 288.67 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO 11/17 884.61 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO 11/20 148.00 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO 11/21 1,939.03 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO 11/24 277.00 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO 11/27 1,126.58 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO 11/28 2,376.57 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO 11/29 335.37 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO 11/30 280.02 < Business to Business ACH Debit - Tasc Funding City of Cupertino - PO $13,975.94 Total electronic debits/bank debits $13,975.94 Total debits < Business to Business ACH: If this is a business account, this transaction has a return time frame of one business day from post date. This time frame does not apply to consumer accounts. Daily ledger balance summary Date Balance Date Balance Date Balance 10/31 209,050.27 11/02 208,815.24 11/07 207,451.04 11/09 207,448.54 11/10 209,995.06 11/13 209,086.01 11/14 208,248.27 11/15 208,139.29 11/16 207,850.62 11/17 206,966.01 11/20 206,818.01 11/21 204,878.98 11/22 211,826.55 11/24 211,549.55 11/27 210,422.97 11/28 208,046.40 11/29 207,711.03 11/30 207,431.01 Average daily ledger balance $208,776.48 Limits to your Card Effective on or after August 28, 2023 in Selected Terms and Conditions for - Wells Fargo Consumer debit and ATM cards - Wells Fargo Campus debit and ATM cards - Wells Fargo Business debit, ATM, and deposit cards - Wells Fargo Advisors debit cards In the section titled "Using your card," under subsection titled "Daily limits and funds available for using your Card" bullet titled "The limits for your Card" is deleted and replaced with: Sheet Seq = 0021917 Sheet 00002 of 00003 ©2010 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. Account number: November 1, 2023 - November 30, 2023 Page 3 of 3 The limits for your Card: We provide you your daily ATM withdrawal and purchase limits when you receive your Card. You can confirm your Card's daily limits by signing on to Wells Fargo Online or the Wells Fargo Mobile® app, or calling us at the number listed in the "Contact Us" section. Note: For security reasons there may be additional limits on the amount, number, or type of transactions you can make using your Card, including the geographic location of the ATM or merchant. Please see the Wells Fargo debit and ATM card terms and conditions applicable to your card, which can be found at www.wellsfargo.com/debit-card/terms-and-conditions. Sheet Seq = 0021918 Sheet 00003 of 00003 ©2010 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. Account number: November 1, 2023 - November 30, 2023 Page 6 of 8 Electronic debits/bank debits (continued) Effective date Posted date Amount Transaction detail 11/22 355.62 ZBA Funding Account Transfer to 11/24 349.65 < Business to Business ACH Debit - Expertpay Expertpay City of Cupertino 11/24 1,576.66 Nationwide Payments Cupertino 457 Plan & T 11/24 6,221.42 < Business to Business ACH Debit - Employment Devel EDD Eftpmt City of Cupertino 11/24 23,779.94 Nationwide Payments Cupertino 457 Plan & T 11/24 658,739.51 ZBA Funding Account Transfer to 11/27 45,246.12 < Business to Business ACH Debit - Employment Devel EDD Eftpmt City of Cupertino 11/27 146,398.97 < Business to Business ACH Debit - IRS Usataxpymt City of Cupertino 11/27 5,652.81 ZBA Funding Account Transfer to 11/28 29.16 < Business to Business ACH Debit - Colonial Life Ins. Prem. City of Cupertino Fbp 11/28 12,138.29 < Business to Business ACH Debit - Calpers 11/28 804.11 ZBA Funding Account Transfer to 11/30 254.82 < Business to Business ACH Debit - Calpers 11/30 400.77 < Business to Business ACH Debit - Calpers 11/30 76,168.59 < Business to Business ACH Debit - Calpers 11/30 88,211.71 < Business to Business ACH Debit - Calpers $5,962,361.19 Total electronic debits/bank debits < Business to Business ACH: If this is a business account, this transaction has a return time frame of one business day from post date. This time frame does not apply to consumer accounts. Checks paid Number Amount Date Number Amount Date Number Amount Date 733238 1,568.48 11/03 733303 *676.37 11/17 733323 *4,500.00 11/17 733345 *5,691.00 11/01 733382 *289.80 11/01 733394 *42.00 11/24 733439 *310.00 11/10 733460 *342.79 11/21 733474 *227.50 11/07 733480 *272.25 11/06 733485 *1,505.70 11/02 733489 *967.39 11/08 733492 *5,478.56 11/07 733516 *100.00 11/22 733529 *5,000.00 11/08 733546 *250.00 11/01 733549 *50.00 11/10 733552 *25.00 11/22 733554 *626.18 11/02 733555 2,327.06 11/06 733556 1,381.90 11/28 733557 290.22 11/01 733558 3,950.00 11/02 733559 546.00 11/03 733561 *234.35 11/02 733562 805.69 11/03 733563 531.21 11/08 733564 1,537.62 11/07 733565 3,000.00 11/02 733566 23,922.90 11/02 733567 7.50 11/02 733568 11.86 11/02 733569 113.63 11/09 733570 150.30 11/06 733571 1,983.69 11/06 733572 1,096.12 11/03 733573 492.78 11/06 733574 216.24 11/01 733575 22,571.69 11/02 733576 500.00 11/22 733577 1,000.00 11/30 733578 19.47 11/10 733579 2,215.61 11/13 733580 667.85 11/10 733581 402.94 11/06 733582 550.00 11/16 733583 1,463,997.17 11/13 733584 231.00 11/07 733585 1,059.98 11/16 733586 100.11 11/14 733587 2,307.47 11/09 733588 342.79 11/21 733589 116,421.90 11/13 733590 2,928.03 11/07 733591 14,571.60 11/10 733592 114.18 11/09 733593 187.48 11/06 733594 18.45 11/09 733595 89.00 11/06 733596 206.72 11/07 733597 275.00 11/13 733598 1,968.34 11/07 733599 1,275.00 11/13 Sheet Seq = 0040786 Sheet 00006 of 00008 ©2010 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. Account number: November 1, 2023 - November 30, 2023 Page 7 of 8 Checks paid (continued) Number Amount Date Number Amount Date Number Amount Date 733600 570.86 11/07 733601 68,715.00 11/06 733602 1,928.40 11/08 733603 268.08 11/10 733604 287.65 11/08 733605 5,000.00 11/02 733607 *24,000.00 11/03 733608 5,000.00 11/08 733609 300.00 11/13 733610 1,000.00 11/13 733611 5,000.00 11/08 733612 350.08 11/20 733613 16,834.65 11/30 733615 *1,158.07 11/20 733616 1,556,206.67 11/28 733617 3,697.50 11/16 733618 7,122.35 11/30 733619 1,179.56 11/21 733620 339.84 11/17 733622 *19,922.00 11/15 733623 888.99 11/15 733624 714.61 11/16 733625 62.80 11/20 733626 1,537.62 11/20 733627 34.58 11/16 733628 33,306.47 11/16 733629 253.18 11/16 733630 99.28 11/16 733631 88.69 11/16 733632 127,080.75 11/16 733633 6,225.00 11/15 733634 369.25 11/21 733635 124.23 11/21 733636 700.00 11/28 733638 *5,532.00 11/22 733639 305.00 11/22 733640 1,069.43 11/21 733642 *1,407.90 11/22 733643 648.17 11/22 733644 2,438.17 11/22 733645 967.39 11/30 733646 7,882.00 11/24 733647 7,450.00 11/22 733648 598.50 11/28 733649 3,264.00 11/21 733650 1,688.00 11/29 733651 1,668.60 11/24 733652 70.54 11/21 733653 13.90 11/24 733655 *1,969.80 11/21 733656 302.40 11/20 733658 *297.83 11/21 733659 1,030.00 11/24 733660 2,894.00 11/20 733661 784.00 11/20 733662 120.00 11/21 733663 4,754.40 11/27 733664 6,545.57 11/27 733665 20,000.00 11/17 733666 300.00 11/27 733667 500.00 11/28 733668 154.00 11/22 733671 *55.00 11/27 733672 1,474.01 11/29 733673 1,500.00 11/29 733674 290.90 11/28 733675 290.69 11/28 733676 112.41 11/28 733677 29.01 11/29 733679 *58,191.33 11/29 733680 1,003.41 11/29 733681 101,490.30 11/28 733682 40,000.00 11/29 733684 *1,300.00 11/28 733685 165.00 11/27 733687 *16,200.00 11/28 $3,891,667.69 Total checks paid * Gap in check sequence. $9,854,028.88 Total debits Daily ledger balance summary Date Balance Date Balance Date Balance 10/31 45,598,325.97 11/01 45,644,390.90 11/02 45,160,540.39 11/03 44,186,839.57 11/06 44,190,291.77 11/07 44,203,995.82 11/08 44,326,469.27 11/09 44,253,516.07 11/10 43,700,617.02 11/13 42,021,980.94 11/14 42,170,378.55 11/15 44,139,580.94 11/16 44,237,570.39 11/17 42,722,332.21 11/20 42,753,087.35 11/21 42,839,462.81 11/22 42,815,242.23 11/24 42,132,668.96 11/27 47,752,678.66 11/28 46,189,577.34 11/29 46,142,745.84 11/30 47,845,363.52 Average daily ledger balance $43,924,316.27 Limits to your Card Sheet Seq = 0040787 Sheet 00007 of 00008 ©2010 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. Account number: November 1, 2023 - November 30, 2023 Page 8 of 8 Effective on or after August 28, 2023 in Selected Terms and Conditions for - Wells Fargo Consumer debit and ATM cards - Wells Fargo Campus debit and ATM cards - Wells Fargo Business debit, ATM, and deposit cards - Wells Fargo Advisors debit cards In the section titled "Using your card," under subsection titled "Daily limits and funds available for using your Card" bullet titled "The limits for your Card" is deleted and replaced with: The limits for your Card: We provide you your daily ATM withdrawal and purchase limits when you receive your Card. You can confirm your Card's daily limits by signing on to Wells Fargo Online or the Wells Fargo Mobile® app, or calling us at the number listed in the "Contact Us" section. Note: For security reasons there may be additional limits on the amount, number, or type of transactions you can make using your Card, including the geographic location of the ATM or merchant. Please see the Wells Fargo debit and ATM card terms and conditions applicable to your card, which can be found at www.wellsfargo.com/debit-card/terms-and-conditions. Sheet Seq = 0040788 Sheet 00008 of 00008