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09 September 23, 2019 Budget & Implementation Comments are welcomed by the Commission. If you wish to provide comments to the Commission, please complete and submit a Speaker Card to the Clerk of the Board. MEETING AGENDA Budget and Implementation Committee Time: 9:30 a.m. Date: September 23, 2019 Location: BOARD ROOM County of Riverside Administration Center 4080 Lemon St, First Floor, Riverside CA 92501 COMMITTEE MEMBERS Linda Krupa, Chair / Russ Brown, City of Hemet Lloyd White, Vice Chair / Julio Martinez, City of Beaumont Larry Smith / Linda Molina, City of Calimesa Randall Bonner / Jeremy Smith, City of Canyon Lake Raymond Gregory / Mark Carnevale, City of Cathedral City Steven Hernandez / Megan Beaman Jacinto, City of Coachella Scott Matas / Russell Betts, City of Desert Hot Springs Bob Magee / Natasha Johnson, City of Lake Elsinore Lisa Middleton / Jon R. Roberts, City of Palm Springs Rusty Bailey, / Andy Melendrez, City of Riverside Michael Naggar / Maryann Edwards, City of Temecula Karen Spiegel, County of Riverside, District II Chuck Washington, County of Riverside, District III STAFF Anne Mayer, Executive Director Theresia Trevino, Chief Financial Officer AREAS OF RESPONSIBILITY Annual Budget Development and Oversight Competitive Federal and State Grant Programs Countywide Communications and Outreach Programs Countywide Strategic Plan Legislation Public Communications and Outreach Programs Short Range Transit Plans RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE www.rctc.org AGENDA* *Actions may be taken on any item listed on the agenda 9:30 a.m. Monday, September 23, 2019 BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor Riverside, California In compliance with the Brown Act and Government Code Section 54957.5, agenda materials distributed 72 hours prior to the meeting, which are public records relating to open session agenda items, will be available for inspection by members of the public prior to the meeting at the Commission office, 4080 Lemon Street, Third Floor, Riverside, CA, and on the Commission’s website, www.rctc.org. In compliance with the Americans with Disabilities Act, Government Code Section 54954.2, and the Federal Transit Administration Title VI, please contact the Clerk of the Board at (951) 787-7141 if special assistance is needed to participate in a Commission meeting, including accessibility and translation services. Assistance is provided free of charge. Notification of at least 48 hours prior to the meeting time will assist staff in assuring reasonable arrangements can be made to provide assistance at the meeting. 1. CALL TO ORDER 2. ROLL CALL 3. PLEDGE OF ALLEGIANCE 4. PUBLIC COMMENTS – Each individual speaker is limited to speak three (3) continuous minutes or less. The Committee may, either at the direction of the Chair or by majority vote of the Committee, waive this three minute time limitation. Depending on the number of items on the Agenda and the number of speakers, the Chair may, at his/her discretion, reduce the time of each speaker to two (2) continuous minutes. Also, the Committee may terminate public comments if such comments become repetitious. In addition, the maximum time for public comment for any individual item or topic is thirty (30) minutes. Speakers may not yield their time to others without the consent of the Chair. Any written documents to be distributed or presented to the Committee shall be submitted to the Clerk of the Board. This policy applies to Public Comments and comments on Agenda Items. Under the Brown Act, the Board should not take action on or discuss matters raised during public comment portion of the agenda which are not listed on the agenda. Board members may refer such matters to staff for factual information or to be placed on the subsequent agenda for consideration. Budget and Implementation Committee September 23, 2019 Page 2 5. ADDITIONS/REVISIONS (The Committee may add an item to the Agenda after making a finding that there is a need to take immediate action on the item and that the item came to the attention of the Committee subsequent to the posting of the agenda. An action adding an item to the agenda requires 2/3 vote of the Committee. If there are less than 2/3 of the Committee members present, adding an item to the agenda requires a unanimous vote. Added items will be placed for discussion at the end of the agenda.) 6. APPROVAL OF MINUTES – AUGUST 26, 2019 7. CONSENT CALENDAR - All matters on the Consent Calendar will be approved in a single motion unless a Commissioner(s) requests separate action on specific item(s). Items pulled from the Consent Calendar will be placed for discussion at the end of the agenda. 7A. QUARTERLY SALES TAX ANALYSIS Page 1 Overview This item is for the Committee to: 1) Receive and file the sales tax analysis for Quarter 1, 2019; and 2) Forward to the Commission for final action. 7B. QUARTERLY FINANCIAL STATEMENTS Page 10 Overview This item is for the Committee to: 1) Receive and file the Quarterly Financial Statements for the year ended June 30, 2019; and 2) Forward to the Commission for final action. 7C. QUARTERLY INVESTMENT REPORT Page 21 Overview This item is for the Committee to: 1) Receive and file the Quarterly Investment Report for the quarter ended June 30, 2019; and 2) Forward to the Commission for final action. Budget and Implementation Committee September 23, 2019 Page 3 8. STATE AND FEDERAL LEGISLATIVE UPDATE Page 114 Overview This item is for the Committee to: 1) Receive and file an update on state and federal legislation; and 2) Forward to the Commission for final action. 9. 2020 STATE TRANSPORTATION IMPROVEMENT PROGRAM ADOPTED FUND ESTIMATE AND PROJECT RECOMMENDATIONS Page 118 Overview This item is for the Committee to: 1) Approve programming $16,376,513 of 2020 State Transportation Improvement Program (STIP) Western Riverside County and Palo Verde Valley funding capacity and $50 million made available from the STIP AB 3090 replacement placeholder for a total of $66,376,513 to the State Route 71/State Route 91 (71/91) Direct Connector project, and forward to the California Transportation Commission (CTC); 2) Include programming $4,472,007 of 2020 STIP Coachella Valley funding capacity based on the project recommendation by the Coachella Valley Association of Governments (CVAG) and forward to the CTC; 3) Include programming Planning, Programming, and Monitoring (PPM) funds (2 percent of STIP programming capacity) in the amount of $425,480 in Fiscal Year 2022/23; 4) Submit the 2020 STIP submittal to CTC by the statutory deadline of December 15, 2019; 5) Forward the Riverside County 2020 STIP project recommendations to the Southern California Association of Governments (SCAG) to conduct regional performance measures analysis as required by the CTC STIP guidelines; 6) Approve Agreement No. 07-71-028-03, Amendment No. 3 to Agreement No. 07-71-028-00, with the city of Blythe (Blythe) to trade $89,649 of Palo Verde Valley STIP funds with Measure A Western Riverside County Highway funds to facilitate delivery of local arterial projects; 7) Authorize the Executive Director, pursuant to legal counsel review, to execute Agreement No. 07-71-028-03 on behalf of the Commission upon CTC adoption of the 2020 STIP in March 2020; 8) Authorize the Executive Director to seek and pursue competitive funding opportunities for the 71/91 Interchange project; and 9) Forward to the Commission for final action. Budget and Implementation Committee September 23, 2019 Page 4 10. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA 11. COMMISSIONERS / STAFF REPORT Overview This item provides the opportunity for the Commissioners and staff to report on attended and upcoming meeting/conferences and issues related to Commission activities. 12. ADJOURNMENT The next Budget and Implementation Committee meeting is scheduled to be held at 9:30 a.m., Monday, October 28, 2019, Board Chambers, First Floor, County Administrative Center, 4080 Lemon Street, Riverside. AGENDA ITEM 6 MINUTES RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE Monday, August 26, 2019 MINUTES 1. CALL TO ORDER The meeting of the Budget and Implementation Committee was called to order by Chair Linda Krupa at 9:30 a.m., in the Board Room at the County of Riverside Administrative Center, 4080 Lemon Street, First Floor, Riverside, California, 92501. 2. ROLL CALL Members/Alternates Present Members Absent Rusty Bailey Randall Bonner Raymond Gregory Steven Hernandez Linda Krupa Lisa Middleton Bob Magee Scott Matas Michael Naggar* Larry Smith Karen Spiegel* Chuck Washington Lloyd White *Arrived after the meeting was called to order 3. PLEDGE OF ALLEGIANCE Commissioner Scott Matas led the Budget and Implementation Committee in a flag salute. 4. PUBLIC COMMENTS There were no requests to speak from the public. RCTC Budget and Implementation Committee Minutes August 26, 2019 Page 2 5. APPROVAL OF MINUTES – JUNE 24, 2019 M/S/C (Gregory/Matas) to approve the minutes of June 24, 2019 meeting as submitted. 6. ADDITIONS / REVISIONS Lisa Mobley, Clerk of the Board, announced Agenda Item 8, “Quarterly Public Engagement Metrics Report, April – June 2019” and Agenda Item 9, “Revisions to the Procurement Policy Manual” the backup documentation was inadvertently swapped so the committee will go in order of the face agenda. She stated in order to view the backup information for Agenda Item 8 the Commissioners will need to go to Agenda Item 9, and for Agenda Item 9, the Commissioners will need to go to Agenda Item 8. 7. CONSENT CALENDAR - All matters on the Consent Calendar will be approved in a single motion unless a Commissioner(s) requests separate action on specific item(s). Items pulled from the Consent Calendar will be placed for discussion at the end of the agenda. M/S/C (Smith/Matas) to approve the following Consent Calendar item(s): 7A. SINGLE SIGNATURE AUTHORITY REPORT 1) Receive and file the Single Signature Authority report for the fourth quarter ended June 30, 2019; and 2) Forward to the Commission for final action. At this time, Commissioner Karen Spiegel joined the meeting. 8. QUARTERLY PUBLIC ENGAGEMENT METRICS REPORT, APRIL – JUNE 2019 Cheryl Donahue, Public Affairs Manager, presented the Quarterly Public Engagement Metrics Report for April – June 2019, highlighting the following areas: • It’s all about the Data: o Data-driven approach to public engagement o Adjust strategies, goals o Analyze strengths, weaknesses o Boost transparency o Began tracking January 2018 o Compare data over time • Overall public engagement: o Social Media – Facebook, Twitter, and Instagram o Social Media Sentiment RCTC Budget and Implementation Committee Minutes August 26, 2019 Page 3 o Website almost 28,000 sessions about 16,000 unique users with a growth of 17 percent; top channels; top pages visited; and Desktop vs Mobile Users o The Pointe E-Newsletter 3,260 subscribers up 13 percent • I-15 Express Lanes Project: o Social Media – Followers: 2,219, Email list sign-ups: 2,577 o Email inquiries and Website Visits • #RebootMyCommute Program – Through June 3 o Social Media – Facebook with 3,927,342 impressions, Twitter, Instagram, and YouTube with 803,978 video views o Facebook sentiment o Website feedback with 22,061 visitors • SR-60 Truck Lanes Project: May – June o Social Media – Facebook Followers 115; Email and Text Sign-ups 61; Emails to the Project Team 67; and Website Sessions 1,414 M/S/C to: 1) Receive and file the Quarterly Public Engagement Metrics Report for April – June 2019; and 2) Forward to the Commission for final action. 9. REVISIONS TO THE PROCUREMENT POLICY MANUAL Matt Wallace, Procurement Manager, provided an overview for the revisions to the Commission’s Procurement Policy Manual. M/S/C (Bailey/Washington) to: 1) Approve the revised Riverside County Transportation Commission Procurement Policy Manual (PPM) for the procurement and contracting activities undertaken by the Commission, pursuant to legal counsel review as to conformance to state and federal law; 2) Adopt Resolution No. 19-008, “Resolution of the Riverside County Transportation Commission Regarding the Revised Procurement Policy Manual”; and 3) Forward to the Commission for final action. RCTC Budget and Implementation Committee Minutes August 26, 2019 Page 4 10. STATE AND FEDERAL LEGISLATIVE UPDATE Jillian Guizado, Legislative Affairs Manager, presented an update for the state and federal legislative activities. M/S/C to: 1) Receive and file an update on state and federal legislation; and 2) Forward to the Commission for final action. 11. FISCAL YEAR 2019/20 ANNUAL LOCAL TRANSPORTATION FUND PLANNING ALLOCATIONS TO WESTERN RIVERSIDE COUNCIL OF GOVERNMENTS AND COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS Martha Masters, Senior Management Analyst, provided a detailed overview for the Fiscal Year 2019/20 annual Local Transportation Fund allocations to Western Riverside Council of Governments (WRCOG) and Coachella Valley Association of Governments (CVAG). M/S/C (Gregory/Bailey) to: 1) Approve an allocation of Local Transportation Fund (LTF) funds for planning in the amount of $800,250 for Western Riverside Council of Governments (WRCOG) and $436,500 for the Coachella Valley Association of Governments (CVAG) for efforts identified in each agency’s Fiscal Year 2019/20 LTF Program Objectives/Work Plan (Work Plan) that supports transportation planning programs and functions consistent with regional and subregional plans, programs, and requirements; and 2) Forward to the Commission for final action. At this time, Commissioner Michael Naggar joined the meeting. 12. FISCAL YEAR 2019/20 STATE OF GOOD REPAIR PROGRAM ALLOCATIONS Monica Morales, Management Analyst, presented the Fiscal Year 2019/20 State of Good Repair Program allocations. She noted due to the timing the required detailed project list will be provided at its September Commission meeting. M/S/C (Bailey/Smith) to: 1) Approve Resolution No. 19-009, “Resolution of the Riverside County Transportation Commission Approving the FY 2019/20 Project List for the California State of Good Repair Program”; RCTC Budget and Implementation Committee Minutes August 26, 2019 Page 5 2) Approve an allocation of $3,910,756 related to Fiscal Year 2019/20 State of Good Repair (SGR) program funds to eligible Riverside County transit operators; 3) Authorize the Executive Director, or designee, to review, approve and submit projects to Caltrans which are consistent with SGR program guidelines and to execute and submit required documents for the SGR program, including the Authorized Agent Form; 4) Authorize the Executive Director, or designee, to approve administrative amendments to the FY 2019/20 Short Range Transit Plans for incorporation of the SGR funds, as necessary; and 5) Forward to the Commission for final action. 13. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA There were no items pulled from the consent calendar. 14. COMMISSIONERS / EXECUTIVE DIRECTOR REPORT There were no Commissioner or Executive Director comments. 15. ADJOURNMENT There being no further business for consideration by the Budget and Implementation Committee, the meeting was adjourned at 10:04 a.m. Respectfully submitted, Lisa Mobley Clerk of the Board AGENDA ITEM 7A Agenda Item 7A RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: September 23, 2019 TO: Budget and Implementation Committee FROM: Michele Cisneros, Deputy Director of Finance THROUGH: Theresia Trevino, Chief Financial Officer SUBJECT: Quarterly Sales Tax Analysis STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file the sales tax analysis for Quarter 1, 2019; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: At its December 2007 meeting, the Commission awarded an agreement with MuniServices, LLC (MuniServices), an Avenu Company, for quarterly sales tax reporting services plus additional fees contingent on additional sales tax revenues generated from the transactions and use tax (sales tax) audit services. As part of the recurring contracts process in June 2018, the Commission approved a five-year extension through June 30, 2023. The services performed under this agreement pertain to only the Measure A sales tax revenues. Since the commencement of these services, MuniServices submitted audits, which reported findings and submitted to the California Department of Tax and Fee Administration (CDTFA), for review and determination of errors in sales tax reporting related to 1,015 businesses. Through 1Q 2019, the CDTFA approved 600 of these accounts for a cumulative sales tax recovery of $9,991,363. If CDTFA concurs with the errors(s) for the remaining claims, the Commission will receive additional revenues; however, the magnitude of the value of the remaining findings was not available. It is important to note that while the recoveries of additional revenues will be tangible, it will not be sufficient to alter the overall trend of sales tax revenues. MuniServices provided the Commission with the Quarterly Sales Tax Digest Summary report for 1Q 2019. Most of the 1Q 2019 Measure A sales tax revenues were received in the second quarter of calendar year 2019, during April 2019 June 2019, due to a lag in the sales tax calendar. The summary section of the 1Q 2019 report is attached and includes an overview of California’s economic outlook, local results, historical cash collections analysis by quarter, top 25 sales/use tax contributors, historical sales tax amounts, annual sales tax by business category, and five-year economic trend for significant business category (general retail). 1 Agenda Item 7A Taxable transactions for the top 25 contributors in Riverside County 24.7 percent of taxable sales for the benchmark year ended 1Q 2019, slightly higher than the 23.1 percent for the benchmark year ended 1Q 2018. The top 100 tax contributors generated 39.3 percent, slightly higher than the 37.8 percent for the benchmark year ended 1Q 2018. In the Economic Category Analysis below, all six categories experienced new highs in the 1Q 2019 benchmark year compared to the prior eight benchmark years. The Miscellaneous category is significantly higher than previous benchmark year quarters and is due to the Department of Motor Vehicles (DMV) change to sales taxes being reported using a unique transaction code rather than historically as a sales tax permit. The DMV sales tax reporting change is reflected correctly in 1Q 2019. % of Total / % Change RCTC State Wide Orange County San Bernardino County S.F. Bay Area Sacramento Valley Central Valley South Coast North Coast Central Coast General Retail 28.3 / 6.8 27.8 / 3.4 28.2 / 2.5 27.3 / 7.8 25.1 / 1.7 27.8 / 6.7 31.5 / 4.7 28.3 / 2.7 31.9 / 12.9 28.6 / -2.4 Food Products 17.9 / 4.5 20.5 / 0.5 19.5 / 0.2 15.3 / 2.7 21.5 / 0.8 17 / -0.8 16.1 / 1.5 22.0 / 0.2 21.1 / -2.5 31.6 / 1.2 Transportation 24.4 / 4.3 23.3 / 3.1 22.6 / 4.5 25.9 / 0.4 22.1 / 7.7 27.8 / 0.9 24.6 / 1.1 22.4 / 2.7 25.9 / -3.7 21.8 / -6.0 Construction 10.8 / 6.7 9.6 / -2.7 8.5 / -6.6 8.8 / -1.8 9.9 / -0.1 12.7 / -1.6 12.0 / -0.2 8.4 / -5.1 16.8 / -5.1 8.9 / 2.3 Business to Business 16.1 / 0.7 16.5 / 4.0 19.3 / 22.1 19.3 / 1.8 18.8 / 0.7 12.7 / -1 13.5 / 8.3 16.7 / 6.8 2.7 / -4.3 6.4 / 7.7 Miscellaneous 2.5 / 10.3 2.3 / 73.3 1.9 / 90.4 3.4 / 48.8 2.6 / 85.8 2.0 / 72.4 2.3 / 50.4 2.2 / 76.0 1.5 / 79.9 2.7 / 133.0 Total 100.0 / 4.8 100.0 / 3.2 100.0 /5.8 100.0 / 3.9 100.0 / 3.6 100.0 / 2.4 100.0 / 3.8 100.0 / 3.0 100.0 / 1.8 100.0 / 8.4 General Retail: Apparel Stores, Department Stores, Furniture/Appliances, Drug Stores, Recreation Products, Florist/Nursery, and Misc. Retail Food Products: Restaurants, Food Markets, Liquor Stores, and Food Processing Equipment Construction: Building Materials Retail and Building Materials Wholesale Transportation: Auto Parts/Repair, Auto Sales - New, Auto Sales - Used, Service Stations, and Misc. Vehicle Sales Business to Business: Office Equip., Electronic Equip., Business Services, Energy Sales, Chemical Products, Heavy Industry, Light Industry, Leasing, Biotechnology, I.T. Infrastructure, and Green Energy Miscellaneous: Health & Government, Miscellaneous Other, and Closed Account Adjustments ECONOMIC CATEGORY ANALYSIS An analysis of sales tax performance through 1Q 2019 is attached and illustrates fairly consistent cycles for sales tax performance for most of the economic categories since 1Q 2014. For 9 of the top 10 segments (restaurants, auto sales-new, department stores, miscellaneous retail, building materials-wholesale, food markets, apparel stores, building materials-retail, and heavy industry) during the last eight benchmark year quarters, sales tax receipts reached a new high point. The segments represent 65.7 percent of the total sales tax receipts. Service stations representing 7.6 percent was higher than the last four benchmark year quarters since 1Q 2014. The top 10 segments represents 73.3 percent of the total sales tax receipts. For the other 21 segments representing 26.7 percent of the total sales tax receipts, 12 segments representing 16.9 percent of the total sales tax receipts reached new high points in the benchmark year 1Q 2019. In the Economic Segments Analysis below, auto sales-new and departments stores have been in the top three economic segments. Restaurants replaced service stations in the top three economic segments beginning in 1Q 2014. The service stations segments high occurred in 1Q 2012 and declined through 1Q 2017 due to lower fuel prices; the 1Q 2019 benchmark year quarter for service stations reflects an increase over the last four benchmark year quarters since 1Q 2014 due to higher fuel prices. 2 Agenda Item 7A RCTC State Wide Orange County San Bernardino County S.F. Bay Area Sacramento Valley Central Valley South Coast North Coast Central Coast Largest Segment Restaurants Restaurants Restaurants Department Stores Restaurants Auto Sales - New Department Stores Restaurants Department Stores Restaurants % of Total / % Change 11.3 / 4.4 14.6 / 0.5 14.3 / 0.5 10.3 / 3.7 15.6 / 0.8 11.7 / -2.4 12.8 / 1.4 16.1 / 0.5 14.7 / 39.6 22.2 / 1.5 2nd Largest Segment Auto Sales - New Auto Sales - New Auto Sales - New Restaurants Auto Sales - New Restaurants Restaurants Auto Sales - New Service Stations Auto Sales - New % of Total / % Change 11.0 / 0.7 11 / 2.7 11.7 / 7.2 10 / 0.4 11.9 / 9.2 11.3 / 0.1 10.6 / 0.8 10.9 / 2.5 12.5 / -6.1 10.5 / -8.5 3rd Largest Segment Department Stores Department Stores Misc Retail Service Stations Department Stores Department Stores Auto Sales - New Department Stores Restaurants Misc Retail % of Total / % Change 9.7 / 4.6 9 / 1.5 8.7 / 10.2 9.3 / 4.7 7.2 / 0.0 11.2 / 8.6 10.1 / -2.1 8.7 / 0.3 12.1 / -4.4 10.2 / 2.2 ECONOMIC SEGMENT ANALYSIS As reported in the 3Q 2018 Sales Tax Analysis Report, staff notified the Commission of a reporting error by one of the top 25 sales/use tax contributors related to a misallocation of the district tax to the Commission during 2Q 2018 through 4Q 2018, resulting in an overpayment to the Commission estimated in the amount of $2.5 million. Staff is not certain in which period the misallocation correction will be completed; however, the Fiscal Year 2020 sales tax revenues after the correction are expected to continue to reflect an increase over the FY 2019 revenues. Information regarding sales tax comparison by city and change in economic segments (two highest gains and two highest losses) from 1Q 2018 to 1Q 2019 is attached. Staff continues to monitor sales tax receipts and other available economic data to determine the need for any adjustments to the revenue projections. Staff will utilize the forecast scenarios with the complete report and receipt trends in assessing such projections. Attachments: 1) Sales Tax Digest Summary 1Q 2019 2) Sales Tax Performance Analysis by Quarter 1Q 2019 3) Quarterly Sales Tax Comparison by City for 1Q 2018 to 1Q 2019 3 Riverside County Transportation Commission Sales Tax Digest Summary Collections through March 2019 Sales through December 2018 (2019Q1) www.avenuinsights.com (800) 800-8181 Page 1 CALIFORNIA’S ECONOMIC OUTLOOK California sales tax receipts increased by 14.7% over the same quarter from the previous year, with Northern California reporting a 14.2% increase compared to 15.0% for Southern California. Receipts for the RCTC increased by 14.6% over the same periods. Unprecedented increases were due to the California Department of Tax and Fee Administration implementation of a new reporting system and delay in the processing of many sales tax returns filed for the same quarter from the previous year. GDP: California remained the 5th largest economy in the world in 2018, behind Germany and ahead of the United Kingdom. California’s GDP growth was 3.5% in 2018 compared to 2.9% for the nation. California GDP grew 2.7% from the previous quarter (BEA & CADoF). California Tourism: In 2018 the California travel industry grew for the eighth consecutive year since 2010. Travel-generated state and local tax revenue was $11.8 billion in 2018, an increase of 7.3% over the preceding year (https://industry.visitcalifornia.com). LOCAL RESULTS Net Cash Receipts Analysis Local Collections 47,975,004 Share of County Pool 0.0% 0 Share of State Pool 0.0% 0 SBE Net Collections 47,975,004 Less: Amount Due County 0.0% .00 Less: Cost of Administration (515,630) Net 1Q2019 Receipts 47,459,374 Net 4Q2017 Receipts 41,411,577 Actual Percentage Change 14.6% Business Activity Performance Analysis Local Collections – Economic Basis 1Q2019 $46,608,802 Local Collections – Economic Basis 1Q2018 $46,079,665 Quarter over Quarter Change 529,136 Quarter over Quarter Percentage Change 1.1% Avenu Insights & Analytics’ On-Going Audit Results Total Recovered Year to Date $10,791,025 ATTACHMENT 1 4 RCTC www.avenuinsights.com (800) 800-8181 Page 2 HISTORICAL CASH COLLECTIONS ANALYSIS BY QUARTER $- $100 $200 $300 $400 $500 $600 $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 4Q2016 1Q2017 2Q2017 3Q2017 4Q2017 1Q2018 2Q2018 3Q2018 4Q2018 1Q2019 (in thousands of $) Net Receipts CDTFA Admin Fees Due TOP 25 SALES/USE TAX CONTRIBUTORS The following list identifies RCTC’s Top 25 Sales/Use Tax contributors. The list is in alphabetical order and represents sales from April 2018 to March 2019. The Top 25 Sales/Use Tax contributors generate 24.7% of RCTC’s total sales and use tax revenue. 7-ELEVEN FOOD STORES LOWE’S HOME CENTERS AMAZON.COM MACY’S DEPARTMENT STORE ARCO AM/PM MINI MARTS MCDONALD'S RESTAURANTS BEST BUY STORES RALPH'S GROCERY COMPANY CARMAX THE AUTO SUPERSTORE ROSS STORES CHEVRON SERVICE STATIONS SAM'S CLUB CIRCLE K FOOD STORES SHELL SERVICE STATIONS COSTCO WHOLESALE STATER BROS MARKETS DEPARTMENT OF MOTOR VEHICLES TARGET STORES FERGUSON ENTERPRISES TESLA FOOD 4 LESS VERIZON WIRELESS HOME DEPOT WAL MART STORES KOHL'S DEPARTMENT STORES HISTORICAL SALES TAX AMOUNTS The following chart shows the sales tax level from annual sales through March 2019, the highs, and the lows for each segment over the last two years in thousands of $. 5 RCTC www.avenuinsights.com (800) 800-8181 Page 3 ANNUAL SALES TAX BY BUSINESS CATEGORY FIVE-YEAR ECONOMIC TREND: General Retail 6 RCTC www.avenuinsights.com (800) 800-8181 Page 4 $0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 $16,000 $18,000 2Q20143Q20144Q20141Q20152Q20153Q20154Q20151Q20162Q20163Q20164Q20161Q20172Q20173Q20174Q20171Q20182Q20183Q20184Q20181Q2019(in thousands of $) 7 RCTC:  Sales Tax Performance Analysis by QuarterTOTALEconomicTOTAL2019Q1 QoQ %∆QoQ $∆YoY %∆YoY $∆$46,608,802 1.1% $529,136 5.0% $9,214,545GENERAL RETAIL2019Q1 QoQ %∆QoQ $∆YoY %∆YoY $∆$12,480,744 0.8% $101,421 6.8% $3,459,61526.8%FOOD PRODUCTS2019Q1 QoQ %∆QoQ $∆YoY %∆YoY $∆$9,041,776 3.2% $279,196 4.5% $1,468,646% of Total: 19.4%TRANSPORTATION2019Q1 QoQ %∆QoQ $∆YoY %∆YoY $∆$11,106,435‐0.7%‐$72,8434.3% $1,924,230% of Total: 23.8%CONSTRUCTION2019Q1 QoQ %∆QoQ $∆YoY %∆YoY $∆$4,806,693 2.8% $132,600 6.7% $1,289,580% of Total: 10.3%BUSINESS TO BUSINESS2019Q1 QoQ %∆QoQ $∆YoY %∆YoY $∆$7,555,989‐1.1%‐$80,3370.7% $211,414% of Total: 16.2%Q2 Q3 Q4 Q1TOTALCATEGORY% of 2019Q1 Total:QoQ = 19Q1 / 18Q1 YoY = YE 19Q1 / YE 18Q1$0$2,000,000$4,000,000$6,000,000$8,000,000$10,000,000$12,000,000$14,000,000$16,000,000$18,000,000$0$10,000,000$20,000,000$30,000,000$40,000,000$50,000,000$60,000,000MuniServices / Avenu Insights & AnalyticsATTACHMENT 28 Quarterly Comparison of 2018Q1 and 2019Q1 (January through March Sales)General RetailFood ProductsTransportationConstructionBusiness To BusinessMiscellaneousJan ‐ Mar 2019 (2019Q1)Jan ‐ Mar 2018 (2018Q1)% Chg GainGainDeclineDeclineBANNING10.9%‐8.0%‐7.5%‐35.8%‐16.6% 2305.5%542,559573,180‐5.3%Closed Acct‐Adjustmt Miscellaneous Retail Auto Sales ‐ New Bldg.Matls‐WhsleBEAUMONT16.3%‐8.5%‐2.1%‐40.5%‐29.3% 2161.7%1,064,8321,177,875‐9.6%Closed Acct‐Adjustmt Apparel Stores Bldg.Matls‐Retail Light IndustryBLYTHE 1.1% 3.5%‐8.0% 0.9% 11771.9%1265.1%341,089309,26510.3%Light Industry Restaurants Auto Sales ‐ New Energy SalesCALIMESA 8.1% 6.4%‐4.1%‐12.8%‐27.9% 28.0%190,954189,2260.9%Restaurants Miscellaneous Retail Service Stations Light IndustryCANYON LAKE‐19.3%‐22.1% 450.4% 6.0% 37.1%‐3515.2%115,26256,301104.7%Auto Parts/Repair Closed Acct‐Adjustmt Restaurants Miscellaneous RetailCATHEDRAL CITY‐4.2%‐9.3% 4.8% 2.8% 2.5% 227.9%2,161,2112,118,8782.0%Auto Sales ‐ New Miscellaneous Retail Food Markets Furniture/ApplianceCOACHELLA4.0%‐18.1%‐3.5% 2.6%‐61.1% 296.7%805,287918,571‐12.3%Closed Acct‐Adjustmt Florist/Nursery Food Markets Energy SalesCORONA‐2.1%‐1.6%‐11.7%‐10.5%‐8.4% 211.8%8,704,7979,357,627‐7.0%Closed Acct‐Adjustmt Light Industry Bldg.Matls‐Retail Heavy IndustryCOUNTY OF RIVERSIDE‐0.1%‐10.0%‐13.9%‐17.4% 14.5% 19.0%6,332,3266,723,934‐5.8%Miscellaneous Retail Energy Sales Bldg.Matls‐Whsle Apparel StoresDESERT HOT SPRINGS10.2%‐4.5%‐8.0%‐88.0% 104.7% 112.6%393,849393,7630.0%Miscellaneous Retail Closed Acct‐Adjustmt Service Stations Department StoresEASTVALE 42.7%‐29.0%‐9.9%‐34.0%‐22.1% 69.2%1,791,8912,010,488‐10.9%Department Stores Closed Acct‐Adjustmt Food Markets Bldg.Matls‐RetailHEMET‐5.3%‐5.5%‐7.0%‐37.8% 0.6% 628.0%2,456,2912,695,905‐8.9%Closed Acct‐Adjustmt Service Stations Bldg.Matls‐Retail Auto Sales ‐ NewINDIAN WELLS47.9%‐11.3% 0.0% 1092.6% 15.7% 421.5%526,427473,41111.2%Miscellaneous Retail Closed Acct‐Adjustmt Restaurants Recreation ProductsINDIO 9.1%‐12.7%‐11.0%‐19.1% 4.3% 316.4%2,651,0052,820,879‐6.0%Closed Acct‐Adjustmt Miscellaneous Retail Bldg.Matls‐Retail Service StationsJURUPA VALLEY‐14.9%‐4.2%‐1.0% 4.8% 12.4% 359.3%2,471,7222,428,1031.8%Auto Parts/Repair Light Industry Service Stations Department StoresLA QUINTA11.1% 2.9%‐35.3%‐38.0%‐11.0% 333.5%2,331,4202,427,561‐4.0%Miscellaneous Retail Closed Acct‐Adjustmt Bldg.Matls‐Retail Auto Parts/RepairLAKE ELSINORE8.3%‐5.9%‐15.4%‐33.6% 15.7% 420.3%2,021,7102,133,985‐5.3%Miscellaneous Retail Closed Acct‐Adjustmt Bldg.Matls‐Retail Auto Sales ‐ NewMENIFEE 10.4%‐7.7%‐2.2%‐4.5%‐12.6% 384.4%1,786,4731,746,5512.3%Miscellaneous Retail Closed Acct‐Adjustmt Bldg.Matls‐Retail Service StationsMORENO VALLEY10.6%‐13.7%‐2.3%‐35.5%‐18.6% 335.9%4,267,8764,555,061‐6.3%Miscellaneous Retail Auto Sales ‐ New Food Markets Bldg.Matls‐RetailMURRIETA‐2.5%‐6.8%‐5.6%‐34.3%‐9.2% 157.3%3,691,0273,992,374‐7.5%Closed Acct‐Adjustmt Auto Sales ‐ Used Bldg.Matls‐Retail Service StationsNORCO33.3%‐6.7%‐8.6%‐39.8% 8.8% 125.3%1,512,1531,497,8521.0%Miscellaneous Retail Closed Acct‐Adjustmt Auto Sales ‐ New Bldg.Matls‐WhslePALM DESERT‐0.7%‐5.6%‐3.0% 4.5%‐19.3% 259.1%4,880,3764,915,218‐0.7%Miscellaneous Retail Closed Acct‐Adjustmt Apparel Stores Food MarketsPALM SPRINGS‐2.5%‐2.1% 6.0% 6.6% 9.6%‐30.9%3,680,7653,630,1081.4%Auto Sales ‐ New LeasingFood Markets Miscellaneous RetailPERRIS37.8%‐24.2%‐28.8%‐42.3%‐34.1% 40.0%4,481,5044,768,347‐6.0%Furniture/Appliance Miscellaneous Retail Bldg.Matls‐Retail Service StationsRANCHO MIRAGE‐3.9% 2.6%‐0.9%‐42.7% 26.6% 103.7%1,537,7151,564,992‐1.7%Closed Acct‐Adjustmt LeasingBldg.Matls‐Retail Furniture/ApplianceRIVERSIDE‐4.2%‐5.0%‐7.1%‐17.5%‐4.5% 33.2%13,212,31914,121,010‐6.4%Closed Acct‐Adjustmt Business Services Bldg.Matls‐Retail Service StationsSAN JACINTO2.4%‐7.4%‐10.0%‐4.1% 22.9% 337.6%649,316659,014‐1.5%Closed Acct‐Adjustmt Department Stores Food Markets Auto Sales ‐ UsedTEMECULA‐1.8%‐0.1%‐7.7%‐26.2%‐2.6% 287.5%7,586,3687,943,589‐4.5%Closed Acct‐Adjustmt Light Industry Bldg.Matls‐Retail Service StationsWILDOMAR110.3%‐7.1%‐9.9% 8.8%‐34.1% 304.6%416,018407,9532.0%Miscellaneous Retail Closed Acct‐Adjustmt Service Stations Food MarketsRIVERSIDE COUNTYNon‐ConfidentialMuniServices / Avenu Insights & AnalyticsATTACHMENT 39 AGENDA ITEM 7B Agenda Item 7B RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: September 23, 2019 TO: Budget and Implementation Committee FROM: Michele Cisneros, Deputy Director of Finance THROUGH: Theresia Trevino, Chief Financial Officer SUBJECT: Quarterly Financial Statements STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file the Quarterly Financial Statements for the year ended June 30, 2019; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: During the fiscal year, staff monitored the revenues and expenditures/expenses for the Commission. The attached preliminary, unaudited financial statements present the revenues and expenditures/expenses for the Fiscal Year 2018/19. Many accrual adjustments for revenues and expenditures/expenses have been made for the year ended June 30, 2019, and are reflected in these financial statements; however, staff will continue to make year-end accrual adjustments depending upon materiality through the completion of the audit in October 2019. The financial statements show the sales tax revenues comprised of Measure A, Local Transportation Fund (LTF), and State Transit Assistance for the fourth quarter at 107 percent of the budget. Measure A and LTF revenues of $305 million exceeded the budget by 5 percent and 8 percent, respectively, primarily as a result of the resolution of processing issues encountered by the California Department of Tax and Fee Administration and its implementation of a new centralized revenue opportunity system. On a cash basis, the Measure A and LTF sales tax receipts through the fourth quarter are 9.61 and 9.52 percent higher, respectively, than the same period last fiscal year. Additionally, State Transit Assistance revenues of $27 million, including State of Good Repair, exceeds the budget by 17 percent. Staff will continue to monitor the trends in the sales taxes and report to the Commission any necessary adjustments. Federal, state, and local reimbursements are generally on a reimbursement basis. The Commission receives these revenues as eligible project costs are incurred and invoiced to the respective agencies. Significant federal and state reimbursements are related to the 71/91 Interchange project, Interstate 15 Express Lanes project, 15/91 Express Lanes Connector project, Pachappa Underpass project, State Route 60 Truck Lanes project, Senate Bill 132 funded local jurisdiction projects, Riverside Layover Facility, 91/Perris Valley Line operations, Coachella Valley 10 Agenda Item 7B rail station development, and other station improvements. The following is an analysis of federal and state reimbursements reflected in this quarterly report: Staff will continue to prepare year-end reimbursement accrual adjustments in connection with the year-end closing and audit process. Budget Actual Budget Actual Highways 71/91 Interchange $ 549,600 $ - $ 2,000,000 $ - I-15 Express Lanes 15,119,000 47,842,902 - - 15/91 Express Lanes Connector - - 55,809,800 16,022,939 Pachappa Underpass 9,129,000 - 4,272,000 - SR-60 Truck Lanes - - 26,800,000 1,808,780 SB 132 Funded Projects - - 67,174,600 37,641,752 Other 872,500 241,569 1,000,000 55,783 Total 25,670,100 48,084,471 157,056,400 55,529,254 Rail Coachella Valley Rail Station Development 2,000,000 1,224,943 - - Perris Valley Line Operations 3,000,000 4,148,867 861,100 2,357,834 Riverside Layover Facility 5,332,400 60,283 - - Other Station Improvements 20,168,000 11,341,636 2,152,413 - Total 30,500,400 16,775,729 3,013,513 2,357,834 Other 2,935,200 2,892,477 6,520,200 5,766,407 Total $ 59,105,700 $ 67,752,677 $ 166,590,113 $ 63,653,495 Federal Reimbursements State Reimbursements Budget Actual Budget Actual Highways 71/91 Connector $ 549,600 $ - $ 2,000,000 $ - I-15 Express Lanes 15,119,000 47,842,902 - - 15/91 Express Lanes Connector - - 55,809,800 16,022,939 Pachappa Underpass 9,129,000 - 4,272,000 - SR-60 Truck Lanes - - 26,800,000 1,808,780 SB 132 Funded Projects - - 67,174,600 37,641,752 Other 872,500 241,569 1,000,000 55,783 Total 25,670,100 48,084,471 157,056,400 55,529,254 Rail Coachella Valley Rail Station Development 2,000,000 1,224,943 - - Perris Valley Line Operations 3,000,000 4,148,867 861,100 2,357,834 Riverside Layover Facility 5,332,400 60,283 - - Other Station Improvements 20,168,000 11,341,636 2,152,413 - Total 30,500,400 16,775,729 3,013,513 2,357,834 Other 2,935,200 2,892,477 6,520,200 5,766,407 Total $ 59,105,700 $ 67,752,677 $ 166,590,113 $ 63,653,495 Federal Reimbursements State Reimbursements 11 Agenda Item 7B During the FY 2018/19 budget process, the Commission’s conservative approach estimated the Transportation Uniform Mitigation Fee (TUMF) revenues passed through from the Western Riverside Council of Governments (WRCOG) at $24 million. TUMF revenues are 16 percent above the budget amount. The budgeted balance of $1.9 million relates to the TUMF zone reimbursement from WRCOG for the I-15 interchange at Railroad Canyon in the city of Lake Elsinore; no reimbursements were received during FY 2018/19. Toll revenues budgeted at $32 million represents projected toll transactions for the RCTC 91 Express Lanes operations based on estimated toll transactions and current traffic and revenue data. The operating statement shows toll revenues at 156 percent of the budget and toll violations and fee revenues at 174 percent of the budget. The RCTC 91 Express Lanes toll transactions have exceeded initial expectations; accordingly, the Commission’s traffic consultant recently updated the investment grade traffic and revenue study, which will be used in subsequent budgets. The operating statement shows other revenues at 575 percent of the $539,000 budget and reflects the sale of highway property and the reimbursement of property drainage improvements on Commission-owned properties. The Commission took a conservative approach in estimating investment income for FY 2018/19. Investment income is higher primarily as a result of rising investment yields and investment of sales tax revenue bond proceeds. The expenditures/expenses and other financing sources/uses categories are in line overall with the expectations of the budget with the following exceptions: • Salaries and benefits are under budget due to unfilled Commission full-time equivalents in the Capital Project Development and Delivery, Planning and Programming, Public and Specialized Transit, and Administration departments; • Professional services are under budget due to unused budget authority for rail operations and development activities, highway general legal and other professional services, toll operations, and financial consultant and service fees; • Support costs are under budget due to unused budget authority for rail operations and commuter assistance advertising and marketing, rail station maintenance, and toll operations; • Program operations are under budget due to unused budget authority for the I-15 Express Lanes, 15/91 Express Lanes Connector, I-15 Express Lanes – southern extension, Pachappa Underpass, and Santa Ana River Trail projects; toll operations; motorist and commuter assistance program operations; highway and rail program management; and station security; • The status of significant Commission capital projects (engineering, construction, design-build, and right of way/land) with budget amounts exceeding $5 million is discussed in the attachment; 12 Agenda Item 7B • Operating and capital disbursements are made as claims are submitted to the Commission by transit operators; • Special studies unused budget authority relates to feasibilities studies; • Local streets and roads expenditures are related to Measure A sales tax revenues. These financial statements reflect the turnback payments through June 2019; • Regional arterial expenditures primarily represent expenditures for the highways and regional arterial program administered by Coachella Valley Association of Governments (CVAG). CVAG requests reimbursements from the Commission based on available funds and sufficient budget authority; • Debt service principal payments are made annually on June 1, while debt service interest payments are made semiannually on December 1 and June 1. On a quarterly basis in the RCTC 91 Express Lanes Enterprise Fund accounting records, the Commission records accrued interest including compounded interest on the 91 Project Transportation Infrastructure Finance and Innovation Act (TIFIA) loan and accreted interest on the 2013 Toll Revenue Bonds Series B (capital appreciation). However, $20.8 million of the $71.5 million interest costs for the year was not paid and therefore not included in the FY 2018/19 budget; • Payment to escrow agent relates to $20 million of excess properties sales proceeds and toll surplus revenues deposited to the 2013 TIFIA loan reserve fund as required by June 30, 2019, under the TIFIA loan agreement. Due to the differences in basis of accounting, actual transfer of cash between the operating and restricted cash with custodian accounts will not be reflected as an expense; • Capital outlay expenditures are under budget due to unused budget authority for office and property improvements for the I-15 Express Lanes project; station rehabilitation and security; toll operations office improvements and transponders; and Commission office, network, hardware, and software improvements; • Depreciation is recorded as part of the accrual adjustment in the RCTC 91 Express Lanes Enterprise Fund accounting records; however, such depreciation is not a cash-related item and therefore is not included in the FY 2018/19 budget; • Loss on sale of land is recorded as part of the RCTC 91 Express Lanes Enterprise Fund accounting records and reflects the loss on sale of excess land purchased for the 91 Project. Loss on sale of land is not a cash-related item and, therefore, is not included in the FY 2018/19 budget; • The Commission entered into a loan agreement with the U.S. Department of Transportation for a $152.2 million TIFIA loan to pay eligible I-15 Express Lanes project costs. Proceeds of the TIFIA loan may be drawn upon after certain conditions have been met. Through the fourth quarter, the Commission drew down $14.9 million in TIFIA loan proceeds. During construction of the I-15 Express Lanes project and for a period of up to five years following substantial completion, interest is compounded and added to the TIFIA loan. TIFIA debt service payments are expected to commence June 2025, which is approximately five years after substantial completion of the I-15 Express Lanes project, through 2055. 13 Agenda Item 7B Attachments: 1) Quarterly Project Status – June 2019 2) Quarterly Financial Statements – June 2019 14 RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY PROJECT STATUS 4TH QUARTER FOR TWELVE MONTHS ENDED 6/30/2019 FY 2018/19 BUDGET EXPENDITURES THROUGH 4TH QUARTER Project Description Project Status 91 Project (P003028) $28,686,920 $8,246,502 The under run of the FY 2018/19 budget at the fourth quarter is due to future right of way (ROW) settlement costs that have not yet occurred ($17.3 million) and Commission’s agreed-to share of a city of Corona project at Ontario Avenue that is currently only in the design stage ($1.5 million). The project connects with Orange County Transportation Authority’s tolled express lanes at the Orange County/Riverside County line and continues approximately eight miles to the Interstate (I)-15/State Route (SR)-91 interchange. The project involves widening pavement on the outside of the existing highway to reposition general purpose lanes and repurposing the existing high occupancy vehicle lanes to accommodate two-tolled express lanes in the median in each direction. The 91 Project also involves constructing one new general purpose lane in each direction from SR-71 to I-15, ultimately providing two- tolled express lanes and five general purpose lanes in each direction. 91 Project development activities began in September 2007, construction work related to roadway and structures began in July 2014, and the toll lanes opened in March 2017. The total cost of the 91 Project is estimated at $1.4 billion, including capitalized interest, debt service reserves, contingency, and cost of issuance. I-15 Express Lanes project (P003027) 152,774,000 97,935,568 The under run of the FY 2018/19 budget at the fourth quarter is due to the design-builder not completing as much work as planned ($36.3 million) and not using design-builder contingency. There were also under runs in the toll services provider contract ($7.6 million); project and construction management (PCM) contract ($4.7 million); flagging, utility relocation, and railroad relocation ($1.3 million); Caltrans oversight ($0.8 million); and traffic and revenue consulting ($0.8 million). The project will generally add two tolled express lanes in each direction from SR-60 to Cajalco Road in Corona. Project development activities began in April 2008, and lanes are expected to open to traffic in 2020. The total project cost is estimated at $472 million, which includes $42 million of contingency. ATTACHMENT 1 15 FY 2018/19 BUDGET EXPENDITURES THROUGH 4TH QUARTER Project Description Project Status 15/91 Express Lanes Connector (P003039) 55,889,700 16,665,124 The under run of the FY 2018/19 budget at the fourth quarter is due to a delay in the competitive procurement for a design-build contract ($29.0 million), the corresponding delays of Caltrans oversight ($2.4 million), and PCM support ($2.2 million). The 15/91 Express Lane Connector (ELC) project constructs an express lanes median direct connector from southbound I-15 to westbound SR-91 and from eastbound SR-91 to northbound I-15 in the city of Corona. The project also adds tolled express lanes in each direction of I-15 from the 15/91 ELC to Hidden Valley Parkway; adds a tolled express lane in each direction of SR-91 from east of Lincoln Avenue to the 15/91 ELC; extends the tolled express lane along eastbound SR-91 from I-15 to west of Promenade Avenue; and extends an eastbound auxiliary lane along SR-91 from west of I-15 to west of Promenade Avenue. The project also includes the addition of a toll collection system infrastructure along I-15 and SR-91. The estimated project cost is $220 million and the project is partially funded by state funds allocated under Senate Bill (SB) 132 legislation. The connector is expected to open to traffic in 2022. I-15 Express Lanes Southern Extension (P003044) 5,001,300 340,189 The under run of the FY 2018/19 budget at the fourth quarter is primarily due to a slower than anticipated start to the project approval/environmental documentation work ($3.8 million). The project will add express lanes between SR-74 and Cajalco Road. The estimated project cost is $544 million with the Project Approval and Environmental Document (PA/ED) phase of work funded by federal Congestion Mitigation and Air Quality (CMAQ) funds and Measure A. 91 Corridor Operations Project (P623046) 2,600,000 2,625,051 The FY 2018/19 budget at the fourth quarter reflects a slight over run of the PCM contract ($0.6 million) offset by under runs in other professional services ($0.5 million) and design-build contract ($0.2 million). The project will construct a SR-91 westbound general purpose lane from Green River Road to the Orange county line. The estimated project cost is $6 million for environmental and design and $36 million for construction. Initial project activities are funded by surplus toll revenues. 16 FY 2018/19 BUDGET EXPENDITURES THROUGH 4TH QUARTER Project Description Project Status Mid County Parkway (MCP) (P002302, P612302, P002320, & P002317) 35,402,500 7,032,044 The under run of the FY 2018/19 budget at the fourth quarter is primarily due to the following for each project: MCP: Only $0.5 million was incurred against the $1.0 million budget for preliminary engineering by Jacobs due to delays and non-utilization of annual contingency. No costs were incurred against the $2.4 million budget for final design (being performed under separate projects). The $0.5 million budget for construction management and the $0.1 million budget for landscape management will begin in the second quarter of FY 2019/20 and will be transferred to other projects. Budget authority for the $1.0 million budget for ROW has not been used. MCP Placentia: Construction mobilization was delayed into FY 2019/20 and ROW acquisitions and support were only $3.3 million of the $20.5 million budget. MCP Mitigation: Final design and engineering support were originally budgeted to finish in FY 2018/19 and slipped into the first quarter of FY 2019/20. Construction and construction management were expected to start in the fourth quarter of FY 2018/19 and slipped into FY 2019/20. The environmental document for a new corridor from I- 215 to SR-79 was approved in April 2015. The first design package is anticipated to be completed in FY 2018/2019. Construction of this new facility will be completed over many years as funding becomes available; the total project cost is estimated at $1.3 to $1.6 billion. Pachappa Underpass project (P003038) 14,453,400 478,563 The under run of the FY 2018/19 budget at the fourth quarter was due to the delay in the start of construction that was projected for January 2019 that did not occur ($13.5 million). The project will remove the Pachappa shoofly structure and associated retaining walls and construct a retaining wall, drainage, and track bed for the permanent Pachappa underpass. Track relocation will be performed by Union Pacific Railroad. The project construction cost is estimated at $16 million. SR-60 Truck Lanes (P003029) 26,863,220 3,714,715 The under run of the FY 2018/19 budget at the fourth quarter was mainly due to the delay in the start of construction that was projected for January 2019 and was pushed out to June 2019. A total of $22.6 million for construction, construction support, and fees were not spent. The project will construct eastbound climbing and westbound descending truck lanes from Gilman Springs Road to west of Jack Rabbit trail and upgrade existing shoulders to standard widths. The estimated project cost is $138 million and the project is funded by CMAQ, State Transportation Improvement Program/Regional Improvement Program, State Highway Operation and Protection Program, and 2009 Measure A highway funds. 71/91 Connector Project (P003021) 9,462,400 419,353 The under run of the FY 2018/19 budget at the fourth quarter was due primarily to lower spending for ROW acquisition and ROW support ($5.0 million) and final design ($3.6 million). The project includes ROW acquisition, utility relocation, and environmental revalidation work for improvements to the 71/91 connector. The estimated project cost is $118 million. 17 FY 2018/19 BUDGET EXPENDITURES THROUGH 4TH QUARTER Project Description Project Status Riverside Layover Facility (P653822) 4,797,500 343,508 The under run of the FY 2018/19 budget at the fourth quarter is primarily due to delays in final design and the procurements for construction and construction management, which were planned to start in FY 2018/19 but were delayed into FY 2019/20. The project includes increased capacity and maintenance service improvements to Metrolink’s West Layover Facility, north of the Riverside Downtown station. The improvements include expansion of the facility to accommodate three storage tracks with an overall storage capacity of three 6-train sets. The estimated project cost is $5.3 million. The project is funded by Federal Transit Administration Section 5307. This list discusses the significant capital projects (i.e., total budgeted costs in excess of $5 million) and related status. Capital project expenditures are generally affected by lags in invoices submitted by contractors and consultants, as well as issues encountered during certain phases of the projects. The capital projects budgets tend to be based on aggressive project schedules. 18 Revenues Sales tax 311,203,600$ 332,226,225$ 21,022,625$ 107% Federal reimbursements 59,105,700 67,752,677 8,646,977 115% State reimbursements 166,590,113 63,653,495 (102,936,618)38% Local reimbursements 24,037,900 9,863,622 (14,174,278)41% Transportation Uniform Mitigation Fee 25,922,200 29,970,342 4,048,142 116% Toll revenues 31,681,800 49,291,419 17,609,619 156% Toll violations and fee revenues 5,258,700 9,129,152 3,870,452 174% Other revenues 539,000 3,101,461 2,562,461 575% Investment income 3,408,000 19,133,894 15,725,894 561% Total revenues 627,747,013 584,122,287 (43,624,726)93% Expenditures/Expenses Salaries and benefits 10,354,700 9,342,929 1,011,771 90% Professional and support Professional services 20,391,300 11,636,508 8,754,792 57% Support costs 12,019,900 7,996,524 4,023,376 67% Total Professional and support costs 32,411,200 19,633,032 12,778,168 61% Projects and operations Program operations - general 27,890,200 22,283,790 5,606,410 80% Engineering 36,582,900 13,547,422 23,035,478 37% Construction 133,466,900 53,145,615 80,321,285 40% Design Build 184,906,346 107,589,317 77,317,029 58% Right of way/land 92,332,400 19,680,648 72,651,752 21% Operating and capital disbursements 225,160,985 143,122,538 82,038,447 64% Special studies 1,899,800 1,328,041 571,759 70% Local streets and roads 58,479,500 61,069,260 (2,589,760)104% Regional arterials 30,547,000 19,203,886 11,343,114 63% Total projects and operations 791,266,031 440,970,517 350,295,514 56% Debt service Principal 25,965,000 25,977,460 (12,460) 100% Interest 50,710,600 71,552,560 (20,841,960) 141% Payment to escrow agent 20,000,000 - 20,000,000 N/A Total debt service 96,675,600 97,530,020 (854,420) 101% Capital outlay 10,713,017 6,007,044 4,705,973 56% Depreciation - 10,680,681 (10,680,681) N/A Loss on sale of land - 3,707,333 (3,707,333) N/A Total Expenditures/Expenses 941,420,548 587,871,556 353,548,992 62% Excess revenues over (under) expenditures/expenses (313,673,535) (3,749,269) 376,584,470 1% Other financing sources/(uses) Transfer in 182,214,300 139,401,894 (42,812,406) 77% Transfer out (182,214,300) (139,401,894) 42,812,406 77% TIFIA loan proceeds 106,081,000 14,946,136 (91,134,864) 14% Total financing sources/(uses)106,081,000 14,946,136 91,134,864 14% Net change in fund balances (207,592,535) 11,196,867 467,719,334 -5% Fund balance July 1, 2018 789,451,200 498,270,206 (291,180,994) 63% Fund balance June 30, 2019 581,858,665$ 509,467,073$ 176,538,340$ 88% RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY BUDGET TO ACTUAL FY 2018/19 BUDGET 4TH QUARTER ACTUAL PERCENT UTILIZATION REMAINING BALANCE FOR TWELVE MONTHS ENDED 6/30/2019 4TH QUARTER ATTACHMENT 2 19 ENTERPRISE FUND STATE OF GOOD REPAIR OTHER AGENCY PROJECTS SB132 TOLL OPERATIONS Revenues Sales tax -$ -$ 156,934,682$ 43,238,756$ 1,031,557$ 103,819,440$ 23,497,584$ 3,704,206$ -$ -$ -$ -$ -$ -$ -$ -$ 332,226,225$ Federal reimbursements 4,955,538 - 58,774,974 - - - - - - 1,224,943 - - - - - 2,797,222 67,752,677 State reimbursements 3,228,649 4,895,592 1,864,563 - - - - - - - - 53,664,691 - - - - 63,653,495 Local reimbursements 153,393 175,232 4,015,330 - - - - - 4,999,813 - 515,765 - 4,089 - - - 9,863,622 Transportation Uniform Mitigation Fee - - - - - - - - 29,970,342 - - - - - - - 29,970,342 Toll revenues - - - - - - - - - - - - 49,291,419 - - - 49,291,419 Toll violations and fee revenues - - - - - - - - - - - - 9,129,152 - - - 9,129,152 Other revenues 18,616 - 3,064,845 - - - - - 18,000 - - - - - - - 3,101,461 Investment income 455,920 165,000 4,363,830 1,217,058 3 1,389,116 2,116,989 103,054 2,201,387 61,562 9,926 9 2,482,753 1,498,907 2,558,621 509,759 19,133,894 Total revenues 8,812,116 5,235,824 229,018,224 44,455,814 1,031,560 105,208,556 25,614,573 3,807,260 37,189,542 1,286,505 525,691 53,664,700 60,907,413 1,498,907 2,558,621 3,306,981 584,122,287 Expenditures/Expenses Salaries and benefits 4,920,779 125,839 3,152,273 1,494 - - - - 261,997 8,885 34,716 258,580 578,366 - - - 9,342,929 Professional and support Professional services 3,319,072 322,955 3,235,168 8,672 - - 16,810 - 136,087 1,749,015 - 1,821,060 1,027,669 - - - 11,636,508 Support costs 3,820,439 148,040 775,668 111 - - - - 15,857 243 259 785 3,235,122 - - - 7,996,524 Total Professional and support costs 7,139,511 470,995 4,010,836 8,783 - - 16,810 - 151,944 1,749,258 259 1,821,845 4,262,791 - - - 19,633,032 Projects and operations Program operations - general 2,624,906 3,581,607 8,735,623 - - - - - 357,232 - 146,641 58,445 6,779,336 - - - 22,283,790 Engineering - - 2,558,221 - - - - - 3,263,712 - 435,876 7,289,613 - - - - 13,547,422 Construction - - 21,850,897 - - - - - 988,134 - - 30,306,584 - - - - 53,145,615 Design Build - - 95,068,948 - - - - - - - - 12,520,369 - - - - 107,589,317 Right of way/land - - 16,587,246 - - - - - 525,203 - (29,885) 2,598,084 - - - - 19,680,648 Operating and capital disbursement 21,078,335 - 9,617,473 6,000,000 - 99,799,191 6,520,179 107,360 - - - - - - - - 143,122,538 Special studies 1,300,183 - 27,858 - - - - - - - - - - - - - 1,328,041 Local streets and roads - - 45,127,138 14,955,465 986,657 - - - - - - - - - - - 61,069,260 Regional arterials - - - 19,203,886 - - - - - - - - - - - - 19,203,886 Total projects and operations 25,003,424 3,581,607 199,573,404 40,159,351 986,657 99,799,191 6,520,179 107,360 5,134,281 - 552,632 52,773,095 6,779,336 - - - 440,970,517 Debt service Principal 12,460 - - - - - - - - - - - - - - 25,965,000 25,977,460 Interest 5,031 - - - - - - - - - - - 27,956,791 - - 43,590,738 71,552,560 Cost of issuance - - - - - - - - - - - - - - - - - Payment to escrow agent - - - - - - - - - - - - - - - - - Total debt service 17,491 - - - - - - - - - - - 27,956,791 - - 69,555,738 97,530,020 Capital outlay 612,119 - 4,995,989 - - - - - - - - - 398,936 - - - 6,007,044 Depreciation - - - - - - - - - - - - 10,680,681 - - - 10,680,681 Loss on sale of land - - - - - - - - - - - - 3,707,333 - - - 3,707,333 Total Expenditures/Expenses 37,693,324 4,178,441 211,732,502 40,169,628 986,657 99,799,191 6,536,989 107,360 5,548,222 1,758,143 587,607 54,853,520 54,364,234 - - 69,555,738 587,871,556 Excess revenues over (under) expenditures/expenses (28,881,208) 1,057,383 17,285,722 4,286,186 44,903 5,409,365 19,077,584 3,699,900 31,641,320 (471,638) (61,916) (1,188,820) 6,543,179 1,498,907 2,558,621 (66,248,757) (3,749,269) Other financing sources/(uses) Transfer in 33,992,100 3,600,000 28,734,535 151,098 - 1,170,000 - - 186,206 350,000 - 1,213,732 - - 500,000 69,504,223 139,401,894 Transfer out (2,208,600) (3,820,400) (85,607,072) (534,800) (44,900) (26,203,200) (500,700) (757,884) (1,425,845) (95,900) - (1,020,700) (4,309,273) - (9,924,300) (2,948,320) (139,401,894) Debt proceeds - - - - - - - - - - - - - - - - - TIFIA loan proceeds - - 14,946,136 - - - - - - - - - - - - - 14,946,136 Total financing sources/(uses)31,783,500 (220,400) (41,926,401) (383,702) (44,900) (25,033,200) (500,700) (757,884) (1,239,639) 254,100 - 193,032 (4,309,273) - (9,424,300) 66,555,903 14,946,136 Net change in fund balances 2,902,292 836,983 (24,640,679) 3,902,484 3 (19,623,835) 18,576,884 2,942,016 30,401,681 (217,538) (61,916) (995,788) 2,233,906 1,498,907 (6,865,679) 307,146 11,196,867 Fund balance July 1, 2018 26,040,494 9,238,957 276,997,302 52,068,076 557 110,435,854 88,143,341 3,699,392 78,409,987 3,266,323 3,142 (268,754) (277,767,334) 21,576,316 95,343,644 11,082,909 498,270,206 Fund balance June 30, 2019 28,942,786$ 10,075,940$ 252,356,623$ 55,970,560$ 560$ 90,812,019$ 106,720,225$ 6,641,408$ 108,811,668$ 3,048,785$ (58,774)$ (1,264,542)$ (275,533,428)$ 23,075,223$ 88,477,965$ 11,390,055$ 509,467,073$ COMBINED TOTAL MEASURE A SALES TAX TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) CAPITAL PROJECTS FUNDS GENERAL FUND FSP/ SAFE WESTERN COUNTY PALO VERDE VALLEYCOACHELLA VALLEY TRANSPORTATION DEVELOPMENT ACT COMMERCIAL PAPER RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY BUDGET TO ACTUAL BY FUND 4TH QUARTER FOR TWELVE MONTHS ENDED 6/30/2019 COACHELLA VALLEY RAIL STATE TRANSIT ASSISTANCE LOCAL TRANSPORTATION FUND SPECIAL REVENUE FUNDS RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY BUDGET TO ACTUAL BY FUND 4TH QUARTER FOR TWELVE MONTHS ENDED 6/30/2019 SALES TAX BONDS DEBT SERVICE 20 AGENDA ITEM 7C Agenda Item 7C RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: September 23, 2019 TO: Budget and Implementation Committee FROM: Megan Kavand, Senior Financial Analyst Michele Cisneros, Deputy Finance Director THROUGH: Theresia Trevino, Chief Financial Officer SUBJECT: Quarterly Investment Report STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file the Quarterly Investment Report for the quarter ended June 30, 2019; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: Prior to Fiscal Year 2013/14, the Commission’s quarterly investment reports reflected investments primarily concentrated in the Riverside County Pooled Investment Fund. Other investments included the state Local Agency Investment Fund and mutual funds. As a result of significant project financings such as the State Route 91 Corridor Improvement Project (91 Project or 91 CIP) and the Interstate 15 Express Lanes Project (I-15 ELP), the Commission determined it would be prudent to engage an investment manager for the bond proceeds and other required funds. Additionally, the Commission desired to engage an investment manager to provide investment advisory and management services related to the Commission’s operating funds. In May 2013, following a competitive procurement, the Commission awarded two investment management services agreements to Logan Circle Partners, L.P. (Logan) for the 91 Project’s proceeds generated from the issuance of sales tax revenue bonds and toll revenue bonds and to Payden & Rygel Investment Management (Payden & Rygel) for Commission operating funds. At its April 2017 meeting and based on a competitive procurement, the Commission awarded an investment management services agreement to Logan related to the issuance of the sales tax revenue bonds for the I-15 ELP. Commencing in July 2013, Logan invested the 91 Project debt proceeds and subsequent 91 Project equity contributions in separate accounts of the Short-Term Actively Managed Program (STAMP). Consistent with financing expectations, the Commission expended substantially all of the 91 Project debt proceeds and equity contributions, except for the toll revenue bonds debt 21 Agenda Item 7C service reserve, and subsequent to commencement of operations, established other required accounts. The Commission authorized Payden & Rygel to make specific investments for the Commission’s operating funds beginning with the third quarter of FY 2014/15. In July 2017, the I-15 ELP project and 91 Project completion financing (2017 Financing) was completed and sales tax bond proceeds approximating $154.6 million were received. Logan invested the 2017 Financing debt proceeds in accounts of a separate STAMP portfolio during the first quarter of FY 2017/18. The quarterly investment report for the fourth quarter of FY 2018/19, as required by state law and Commission policy, reflects the investment activities resulting from the 91 Project, 2017 Financing, and available operating cash. The quarterly investment report includes the following information: • Investment Portfolio Report; • 91 CIP STAMP Portfolio by Investment Category; • 91 CIP STAMP Portfolio by Account; • 91 CIP STAMP Portfolio Transaction Report by Account; • 91 CIP STAMP Portfolio Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 91 CIP STAMP Portfolio Toll Revenue Series A & Series B Reserve Fund Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 91 CIP STAMP Portfolio Residual Fund Required Retained Balance Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 91 CIP STAMP Portfolio TIFIA Reserve Fund Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 2017 Financing STAMP Portfolio by Investment Category; • 2017 Financing STAMP Portfolio by Account; • 2017 Financing STAMP Portfolio Transaction Report by Account; • 2017 Financing STAMP Portfolio Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 2017 Financing STAMP Portfolio I-15 ELP Sales Tax Senior Lien TIFIA Project Fund Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 2017 Financing STAMP Portfolio Ramp Up Fund Summary of investments by credit rating, industry group, asset class, security type, and market sector; • Logan Circle Partners, L.P. Short Duration Second Quarter 2019 Review; • Payden & Rygel Operating Portfolio by Investment Category; • Payden & Rygel Operating Portfolio Transaction Report; • Payden & Rygel Operating Portfolio Second Quarter 2019 Review; and • County of Riverside Investment Report for the Quarter Ended June 30, 2019. 22 Agenda Item 7C The Commission’s investments were in full compliance with the Commission’s investment policy adopted on March 13, 2019 and investments securities permitted under the indenture for the Commission’s sales tax revenue bonds and the master indentures for the Commission’s toll revenue bonds. Additionally, the Commission has adequate cash flows for the next six months. Attachments: 1) Investment Portfolio Report 2) 91 CIP STAMP Portfolio by Investment Category 3) 91 CIP STAMP Portfolio by Account 4) 91 CIP STAMP Portfolio Transaction Report by Account 5) 91 CIP STAMP Portfolio Summary of Investments 6) 91 CIP STAMP Portfolio Toll Revenue Series A & Series B Reserve Fund Summary of Investments 7) 91 CIP STAMP Portfolio Residual Fund Required Retained Balance Summary of Investments 8) 91 CIP STAMP Portfolio TIFIA Reserve Fund Summary of Investments 9) 2017 Financing STAMP Portfolio by Investment Category 10) 2017 Financing STAMP Portfolio by Account 11) 2017 Financing STAMP Portfolio Transaction Report by Account 12) 2017 Financing STAMP Portfolio Summary of Investments 13) 2017 Financing STAMP Portfolio I-15 ELP Sales Tax Senior Lien TIFIA Project Fund Summary of Investments 14) 2017 Financing STAMP Portfolio Ramp Up Fund Summary of Investments 15) Payden & Rygel Operating Portfolio by Investment Category 16) Payden & Rygel Operating Portfolio Transaction Report 17) Logan Circle Partners, L.P. Short Duration Quarterly Review 18) Payden & Rygel Operating Portfolio Quarterly Review 19) County of Riverside Investment Report 23 Riverside County Transportation Commission Investment Portfolio Report Period Ended: June 30, 2019 FAIR VALUE RATING MOODYS / S&P COUPON RATE PAR VALUE PURCHASE DATE MATURITY DATE YIELD TO MATURITY PURCHASE COST MARKET VALUE UNREALIZED GAIN (LOSS) OPERATING FUNDS City National Bank Deposits 11,157,040 A3/BBB+N/A N/A County Treasurer's Pooled Investment Fund 443,782,876 Aaa-bf/AAA-V1 N/A 2.35% Local Agency Investment Fund (LAIF)3,800,672 N/A N/A N/A Subtotal Operating Funds 458,740,588 FUNDS HELD IN TRUST County Treasurer's Pooled Investment Fund: Local Transportation Fund 53,084,510 Aaa-bf/AAA-V1 N/A 2.35% Subtotal Funds Held in Trust 53,084,510 COMMISSION MANAGED PORTFOLIO US Bank Payden & Rygel Operating 53,113,466 First American Government Obligation Fund 27,192,931 N/A N/A N/A Subtotal Commission Managed Portfolio 80,306,397 STAMP PORTFOLIO for 91 CIP Series A & Series B Reserve Fund 18,230,211 Residual Fund Required Retained Balance 21,062,840 TIFIA Reserve Fund 19,975,564 Subtotal STAMP Portfolio - 91 CIP 59,268,615 STAMP PORTFOLIO for 2017 Financing Sales Tax I15 ELP Project Revenue Fund 67,069,236 Sales Tax Revenue Fund - Ramp Up Fund 8,201,648 Subtotal STAMP Portfolio - 2017 Financing 75,270,883 TOTAL All Cash and Investments 726,670,992$ See attached report for details See attached report for details See attached report for details See attached report for details See attached report for details See attached report for details See attached report for details 2.51%2.90%2.75% 9.23%11.05% 7.31% 63.13% $- $50,000,000 $100,000,000 $150,000,000 $200,000,000 $250,000,000 $300,000,000 $350,000,000 $400,000,000 $450,000,000 $500,000,000 STAMP Portfolio for 91 CIP Reserve STAMP Portfolio for 91 CIP Residual Fund STAMP Portfolio for 91 CIP TIFIA Reserve Fund STAMP Portfolio for 2017 Financing I15 ELP Project Revenue Fund STAMP Portfolio for 2017 Financing Ramp Up Fund Commission Managed Portfolio Trust Funds Operating Funds Nature of Investments 3.74% Mutual Funds 69.92% County Pool/Cash 0.52% LAIF 25.35% Fixed Income 0.47% Money Market Funds ATTACHMENT 1 24 25 Page 2 of 37 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 256350023 MIM-Sr Lien Reserve Fund-1 3137EADB2 Agency Federal Home Loan Mortgage Corporation 01/13/2022 ---950,000.00 942,921.50 ---964,031.50 14,308.39 2.375 1.778 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137EADR7 Agency Federal Home Loan Mortgage Corporation 05/01/2020 05/15/2015 475,000.00 471,527.75 ---472,287.75 (2,109.38)1.375 2.062 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3135G0D75 Agency Federal National Mortgage Association, Inc.06/22/2020 05/06/2015 600,000.00 593,490.00 ---596,940.00 (1,776.04)1.500 2.026 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3134G9V38 Agency Federal Home Loan Mortgage Corporation 07/27/2021 08/28/2018 250,000.00 245,225.00 07/27/2019 249,242.50 2,642.95 1.500 2.247 AAA 256350021 MIM-RCTC 2013 Residual Fund 3134GTAE3 Agency Freddie Mac 09/27/2021 04/30/2019 550,000.00 550,165.00 09/27/2019 550,671.00 573.55 2.700 2.189 AAA 256350021 MIM-RCTC 2013 Residual Fund 3134GTBJ1 Agency Freddie Mac 04/01/2021 03/29/2019 500,000.00 499,950.00 ---500,000.00 43.88 2.600 2.584 AAA 256350021 MIM-RCTC 2013 Residual Fund 3130AGE68 Agency Federal Home Loan Banks Office of Finance 11/09/2021 05/08/2019 750,000.00 749,812.50 08/09/2019 750,217.50 394.48 2.625 2.536 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3135G0D75 Agency Federal National Mortgage Association, Inc.06/22/2020 06/07/2019 650,000.00 646,269.00 ---646,685.00 207.04 1.500 2.026 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137EADR7 Agency Federal Home Loan Mortgage Corporation 05/01/2020 06/07/2019 500,000.00 496,885.00 ---497,145.00 61.25 1.375 2.062 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137EADB2 Agency Federal Home Loan Mortgage Corporation 01/13/2022 06/06/2019 500,000.00 505,766.50 ---507,385.00 1,759.95 2.375 1.778 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3134GTBJ1 Agency Freddie Mac 04/01/2021 06/11/2019 600,000.00 600,027.60 ---600,000.00 0.00 2.600 2.584 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136G4TH6 Agency Federal National Mortgage Association, Inc.01/30/2020 06/13/2019 300,000.00 300,289.38 ---300,276.00 8.01 2.660 2.474 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3130AFEN3 Agency Council of Federal Home Loan Banks 05/08/2020 06/13/2019 600,000.00 599,734.20 ---599,712.00 (35.93)2.385 2.222 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3130AG5X9 Agency Federal Home Loan Banks Office of Finance 10/09/2020 06/13/2019 500,000.00 500,300.00 10/09/2019 500,365.00 108.59 2.520 2.246 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 313384JQ3 Agency Federal Home Loan Banks Office of Finance 07/26/2019 06/28/2019 1,000,000.00 998,475.69 ---998,470.00 (5.69)0.000 1.998 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137ABFH9 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2021 ---149,000.00 152,765.01 ---152,920.19 233.71 3.989 2.331 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AH6C7 Agency CMO Federal Home Loan Mortgage Corporation 07/25/2021 06/07/2019 350,000.00 356,193.36 ---356,979.00 942.54 3.230 2.061 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136A5KR6 Agency CMO Federal National Mortgage Association, Inc.10/25/2022 06/10/2019 222,957.13 221,284.95 ---221,478.92 192.24 1.750 2.332 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136ADFF1 Agency CMO Federal National Mortgage Association, Inc.04/25/2023 06/10/2019 155,392.21 153,158.45 ---153,491.76 348.15 1.500 2.312 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AS7D0 Agency CMO Federal Home Loan Mortgage Corporation 04/15/2039 06/14/2019 220,291.57 218,639.38 ---221,223.40 2,597.88 2.000 1.729 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38376PRM4 Agency CMO Government National Mortgage Association 05/20/2038 06/18/2019 50,136.30 50,386.98 ---50,523.85 122.54 4.000 2.489 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31397ALN1 Agency CMO Federal Home Loan Mortgage Corporation 04/15/2032 06/18/2019 224,638.13 224,497.74 ---224,725.74 226.41 2.744 2.708 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378BXQ7 Agency CMO Government National Mortgage Association 01/16/2036 06/17/2019 264,645.53 261,999.08 ---262,155.22 219.25 1.537 3.259 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B6DF5 Agency CMO Federal Home Loan Mortgage Corporation 11/15/2026 06/18/2019 201,257.02 199,165.83 ---201,218.78 2,078.94 2.000 1.981 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGFQ0 Agency CMO Federal National Mortgage Association, Inc.12/25/2038 06/18/2019 207,188.54 209,802.68 ---209,875.78 29.34 3.500 2.561 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38374C4J7 Agency CMO Government National Mortgage Association 07/20/2020 06/14/2019 97,927.85 99,090.75 ---99,323.32 195.25 5.500 2.139 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B3HX9 Agency CMO Federal Home Loan Mortgage Corporation 07/15/2038 06/20/2019 120,119.69 119,744.32 ---120,684.25 939.67 2.844 2.587 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38377YTL4 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 05/20/2040 06/17/2019 237,037.86 234,148.96 ---233,591.33 (522.49)2.000 2.506 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378WUY7 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 06/20/2041 06/12/2019 202,314.38 202,630.50 ---203,637.52 1,000.90 2.500 2.097 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378BCG2 Agency CMO Government National Mortgage Association 03/16/2037 06/25/2019 152,398.94 151,446.44 ---151,295.57 (122.80)2.105 2.686 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1UG5 Agency CMO Federal Home Loan Mortgage Corporation 01/25/2023 06/25/2019 200,000.00 204,101.56 ---203,668.00 (423.62)2.637 2.037 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378BSZ3 Agency CMO Government National Mortgage Association 04/16/2040 06/25/2019 255,171.63 253,736.29 ---253,558.95 (144.45)2.141 2.517 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BDKF2 Agency CMO Federal Home Loan Mortgage Corporation 09/15/2040 06/25/2019 25,363.26 25,824.96 ---26,035.38 200.20 3.500 2.150 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AJMF8 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2021 06/07/2019 332,874.26 338,127.43 ---338,656.28 660.05 2.968 2.032 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378CNY9 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 11/20/2038 06/25/2019 200,000.00 202,593.75 ---202,582.00 2.66 3.500 2.573 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGZA3 Agency CMO Federal National Mortgage Association, Inc.09/25/2030 06/25/2019 34,127.98 34,355.95 ---34,541.61 178.60 3.000 2.206 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AUPE3 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2022 06/28/2019 200,000.00 201,773.44 ---201,652.00 (121.44)2.396 2.050 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AXHP1 Agency CMO Federal Home Loan Mortgage Corporation 09/25/2022 06/28/2019 150,000.00 152,232.42 ---152,214.00 (18.42)2.573 2.040 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137ATRW4 Agency CMO Federal Home Loan Mortgage Corporation 05/25/2022 06/28/2019 300,000.00 302,496.09 ---302,151.00 (345.09)2.373 2.056 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137A2B26 Agency CMO Federal Home Loan Mortgage Corporation 08/25/2020 06/13/2019 221,997.19 224,633.41 ---224,443.60 (90.78)3.808 2.383 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137A6B27 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2020 06/27/2019 249,167.73 254,657.20 ---254,432.65 (224.55)4.333 2.280 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377RVK8 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 04/20/2039 ---101,812.96 103,844.22 ---102,955.30 245.27 3.000 2.488 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137AJMF8 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2021 08/05/2015 28,532.08 29,519.56 ---29,027.68 165.06 2.968 2.032 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38375XCM4 Agency CMO Government National Mortgage Association 11/16/2037 05/14/2019 70,118.31 72,104.08 ---72,474.28 391.72 5.000 2.917 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376GB33 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 10/16/2044 01/23/2015 116,259.19 119,336.02 ---116,494.03 (211.66)3.500 2.648 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137ASNH3 Agency CMO Federal Home Loan Mortgage Corporation 09/25/2021 07/03/2013 33,505.53 32,742.49 ---33,371.51 (35.01)1.459 2.538 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137ATRW4 Agency CMO Federal Home Loan Mortgage Corporation 05/25/2022 ---282,110.00 278,085.13 ---284,132.73 5,087.86 2.373 2.056 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137AUPE3 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2022 ---379,000.00 366,344.03 ---382,130.54 7,632.51 2.396 2.050 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377RSZ9 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 06/16/2039 ---43,304.22 44,663.48 ---43,847.69 (55.50)4.500 2.287 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136A72D3 Agency CMO Federal National Mortgage Association, Inc.04/25/2022 07/03/2013 289,408.36 274,937.94 ---291,769.93 6,487.15 2.482 2.052 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136A5KR6 Agency CMO Federal National Mortgage Association, Inc.10/25/2022 01/25/2019 74,021.77 73,003.96 ---73,531.00 375.17 1.750 2.332 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137AXHP1 Agency CMO Federal Home Loan Mortgage Corporation 09/25/2022 09/29/2017 140,000.00 142,089.06 ---142,066.40 786.34 2.573 2.040 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378B7F0 Agency CMO Government National Mortgage Association 12/16/2042 ---450,000.00 427,324.22 ---429,489.00 (7,349.10)2.273 3.301 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378CRT6 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 10/20/2040 05/22/2014 47,105.41 45,486.16 ---47,258.97 1,327.71 2.000 1.874 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378HXH4 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 09/16/2027 03/08/2019 16,834.78 16,326.91 ---16,472.49 125.57 1.250 2.184 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377JZ89 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 10/20/2039 07/05/2013 45,714.90 47,113.13 ---46,892.51 178.27 3.500 2.338 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378TAF7 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 07/20/2041 07/05/2013 116,501.50 116,519.06 ---117,427.68 1,041.18 2.500 2.170 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38375KCX8 Agency CMO Government National Mortgage Association 01/20/2037 09/18/2018 882.42 888.90 ---881.41 (1.01)5.500 2.623 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377F2N0 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 06/20/2038 09/28/2018 78.07 77.93 ---77.97 (0.09)3.000 2.383 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B4HD1 Agency CMO Federal Home Loan Mortgage Corporation 12/15/2042 03/20/2019 45,038.16 46,515.98 ---47,347.26 847.12 4.500 2.587 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377LQT8 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 12/20/2037 ---10,791.72 10,795.58 ---10,788.70 12.11 3.000 2.339 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31398QTP2 Agency CMO Federal Home Loan Mortgage Corporation 05/15/2038 06/26/2018 62,750.13 63,978.17 ---63,405.87 8.44 4.500 2.950 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137A5FP4 Agency CMO Federal Home Loan Mortgage Corporation 01/15/2021 ---86,850.53 86,860.35 ---87,045.94 243.90 2.500 2.212 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376T5Z1 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 01/16/2039 01/26/2015 71,126.87 74,309.79 ---72,547.98 (681.47)3.000 2.148 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376WA62 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 10/20/2039 ---199,689.93 204,713.32 ---208,536.20 3,416.04 4.000 2.546 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38375CBH2 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 03/16/2035 03/19/2019 37,435.52 37,207.40 ---37,294.76 4.27 1.250 2.895 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38380AZ34 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 04/20/2046 11/28/2016 134,902.24 138,680.57 ---137,434.36 (570.28)3.000 2.640 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378CDK0 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 03/20/2035 03/16/2018 16,646.24 16,724.27 ---16,687.86 21.53 3.000 2.390 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378AWX5 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 01/20/2036 03/28/2018 72,456.35 72,846.93 ---72,845.44 225.27 3.000 2.321 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378DDC6 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 04/20/2038 06/20/2018 98,124.98 98,788.08 ---98,435.05 59.15 3.500 2.772 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38379HLE3 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 05/20/2043 10/18/2018 109,154.38 109,000.88 ---111,831.93 2,867.12 3.500 2.445 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378VC45 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 12/16/2041 11/23/2018 145,530.42 140,277.69 ---144,824.60 4,069.14 2.250 2.391 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377JM59 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 10/20/2039 11/21/2018 81,124.70 79,096.58 ---80,819.67 1,489.13 2.500 2.618 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B5A60 Agency CMO Federal Home Loan Mortgage Corporation 10/15/2028 03/20/2019 25,090.68 24,808.42 ---25,185.78 373.43 2.500 2.284 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136ADFF1 Agency CMO Federal National Mortgage Association, Inc.04/25/2023 06/10/2019 146,759.31 144,649.65 ---144,964.44 328.81 1.500 2.312 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A1N90 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2020 06/26/2018 65,000.00 65,594.14 ---65,514.15 319.32 3.531 2.348 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137ABFH9 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2021 03/15/2019 206,000.00 209,846.41 ---211,419.86 2,066.21 3.989 2.331 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137APP53 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2020 05/18/2018 7,018.27 6,931.91 ---6,988.16 22.84 1.781 2.374 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378BXQ7 Agency CMO Government National Mortgage Association 01/16/2036 06/17/2019 196,033.73 194,073.39 ---194,189.05 162.41 1.537 3.259 AAA 256350021 MIM-RCTC 2013 Residual Fund 31397LUK3 Agency CMO Federal National Mortgage Association, Inc.06/25/2023 10/10/2018 162,355.98 165,628.46 ---166,093.41 1,654.02 4.500 2.231 AAA 256350021 MIM-RCTC 2013 Residual Fund 3136A5KR6 Agency CMO Federal National Mortgage Association, Inc.10/25/2022 01/25/2019 113,708.13 112,144.64 ---112,954.25 576.32 1.750 2.332 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A2PV7 Agency CMO Federal Home Loan Mortgage Corporation 09/15/2022 06/03/2019 32,624.14 32,053.21 ---32,676.99 619.53 1.500 1.380 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A1LC5 Agency CMO Federal Home Loan Mortgage Corporation 08/15/2020 01/17/2018 5,967.88 5,948.30 ---5,946.93 (7.62)2.000 2.800 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A5FP4 Agency CMO Federal Home Loan Mortgage Corporation 01/15/2021 01/30/2018 31,047.36 31,124.98 ---31,117.22 38.64 2.500 2.212 AAA 256350021 MIM-RCTC 2013 Residual Fund 38375CBH2 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 03/16/2035 03/19/2019 65,672.93 65,272.74 ---65,426.00 7.49 1.250 2.895 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378CDK0 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 03/20/2035 01/30/2018 29,963.24 30,239.46 ---30,038.14 (19.91)3.000 2.390 AAA 91 CIP STAMP Portfolio by Investment Category for quarter ended June 30, 2019 ATTACHMENT 2 26 Page 3 of 37 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 91 CIP STAMP Portfolio by Investment Category for quarter ended June 30, 2019 256350021 MIM-RCTC 2013 Residual Fund 38378AWX5 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 01/20/2036 01/30/2018 24,152.12 24,386.09 ---24,281.81 19.96 3.000 2.321 AAA 256350021 MIM-RCTC 2013 Residual Fund 31358TPC7 Agency CMO Federal National Mortgage Association, Inc.02/25/2023 02/11/2019 112,038.85 112,383.07 ---112,389.53 81.49 3.254 3.037 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 06/10/2019 238,091.68 246,759.71 ---247,093.93 297.84 4.000 2.063 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620AFYR2 Agency MBS Government National Mortgage Association 12/15/2024 06/12/2019 115,409.68 119,165.01 ---119,731.77 530.24 4.000 2.012 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620C4SU5 Agency MBS Government National Mortgage Association 09/15/2025 06/12/2019 107,932.02 111,924.66 ---112,011.85 49.28 4.000 2.202 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620A9T35 Agency MBS Government National Mortgage Association 11/15/2024 06/13/2019 198,662.26 205,134.30 ---206,108.12 910.78 4.000 1.986 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 36297GCD0 Agency MBS Government National Mortgage Association 02/15/2025 06/12/2019 110,521.45 115,171.13 ---113,861.41 (1,353.93)4.500 2.904 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378KW47 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 08/16/2035 06/13/2019 314,976.30 313,204.56 ---313,379.37 192.74 2.150 2.699 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31397UPF0 Agency MBS Federal National Mortgage Association, Inc.06/25/2021 06/10/2019 316,124.31 321,310.73 ---321,934.67 737.88 3.763 2.183 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137FGZN8 Agency MBS Federal Home Loan Mortgage Corporation Multi Class Mortgage Participation Certificate Agre 02/25/2023 06/18/2019 334,906.72 334,749.74 ---334,226.86 (526.66)2.631 2.850 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31381R5T7 Agency MBS Federal National Mortgage Association, Inc.09/01/2021 06/20/2019 101,000.00 103,840.63 ---104,491.57 673.47 3.770 2.084 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138EJRP5 Agency MBS Federal National Mortgage Association, Inc.06/01/2021 06/18/2019 151,574.41 156,146.87 ---156,612.74 480.28 4.356 2.155 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AWQG3 Agency MBS Federal Home Loan Mortgage Corporation 04/25/2022 06/07/2019 337,553.15 333,808.42 ---334,613.06 779.74 1.583 2.122 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1U75 Agency MBS Federal Home Loan Mortgage Corporation 01/25/2023 06/27/2019 375,000.00 378,618.16 ---378,063.75 (554.41)2.522 2.185 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137F4D41 Agency MBS Federal Home Loan Mortgage Corporation Multi Class Mortgage Participation Certificate Agre 01/25/2028 06/27/2019 150,000.00 163,248.05 ---162,687.00 (561.05)3.600 2.482 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1BS0 Agency MBS Federal Home Loan Mortgage Corporation 11/25/2022 06/27/2019 250,000.00 253,398.44 ---253,647.50 249.06 2.510 2.008 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BM6P6 Agency MBS Federal Home Loan Mortgage Corporation 08/25/2022 06/28/2019 200,000.00 205,437.50 ---205,234.00 (203.50)3.090 2.116 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137F4CY6 Agency MBS Federal Home Loan Mortgage Corporation Multi Class Mortgage Participation Certificate Agre 09/25/2024 06/28/2019 190,000.00 195,907.81 ---195,933.70 25.89 2.920 2.242 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137FBAJ5 Agency MBS Federal Home Loan Mortgage Corporation 08/25/2027 06/26/2019 200,000.00 211,593.75 ---210,864.00 (729.75)3.281 2.526 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31419AM53 Agency MBS Federal National Mortgage Association, Inc.08/01/2024 06/28/2019 129,220.16 133,985.15 ---133,932.53 (52.62)5.500 2.382 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136AHAE0 Agency MBS Federal National Mortgage Association, Inc.04/25/2023 06/28/2019 136,101.74 137,357.96 ---138,449.50 1,091.54 2.622 1.682 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BSRZ8 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 06/28/2019 203,987.61 208,011.58 ---207,494.15 (517.43)2.838 2.183 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378NWU3 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 06/16/2048 06/27/2019 166,626.63 168,969.82 ---170,070.80 1,100.98 2.540 2.769 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378KWU9 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 11/16/2041 06/27/2019 63,058.96 60,329.69 ---60,513.90 184.21 1.400 3.355 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381PEB0 Agency MBS Federal National Mortgage Association, Inc.11/01/2020 09/26/2014 248,491.72 261,654.01 ---251,033.79 235.92 3.370 2.305 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138NJAE8 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 09/13/2018 17,885.99 18,092.80 ---17,868.29 (194.45)3.630 3.885 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381N7G2 Agency MBS Federal National Mortgage Association, Inc.10/01/2020 09/25/2018 18,012.83 18,078.97 ---18,157.47 72.78 3.270 2.346 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381SVJ8 Agency MBS Federal National Mortgage Association, Inc.11/01/2021 02/22/2019 106,960.27 107,495.08 ---109,494.16 2,107.46 3.330 2.198 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31417YKF3 Agency MBS Federal National Mortgage Association, Inc.01/01/2030 ---133,171.94 139,558.00 ---141,772.19 2,879.12 4.500 2.289 AAA 256350023 MIM-Sr Lien Reserve Fund-1 36202F2H8 Agency MBS Ginnie Mae II 01/20/2027 ---155,441.69 160,215.68 ---158,920.48 (451.22)3.000 2.093 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381R5T7 Agency MBS Federal National Mortgage Association, Inc.09/01/2021 08/29/2018 130,000.00 132,747.27 ---134,494.10 2,597.75 3.770 2.084 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136AC7J4 Agency MBS Federal National Mortgage Association, Inc.03/25/2023 02/21/2018 50,216.36 49,390.54 ---50,982.66 1,370.88 2.607 2.113 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138L33G8 Agency MBS Federal National Mortgage Association, Inc.06/01/2020 11/12/2015 100,000.00 99,875.00 ---99,656.00 (183.78)2.010 2.235 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31418AU48 Agency MBS Federal National Mortgage Association, Inc.07/01/2023 05/21/2019 62,584.44 62,325.30 ---63,209.66 889.09 2.500 1.789 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B1U75 Agency MBS Federal Home Loan Mortgage Corporation 01/25/2023 08/29/2016 380,000.00 394,917.97 ---383,104.60 (4,349.47)2.522 2.185 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KWU9 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 11/16/2041 ---163,696.32 155,549.00 ---157,089.53 (394.90)1.400 3.355 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KXW4 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 02/16/2037 12/11/2014 102,042.30 101,548.03 ---101,024.94 (811.53)1.705 2.495 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138L1W62 Agency MBS Federal National Mortgage Association, Inc.12/01/2022 02/21/2019 165,434.11 164,451.85 ---164,894.80 404.95 2.500 2.576 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138EKXL4 Agency MBS Federal National Mortgage Association, Inc.03/01/2023 ---257,446.87 253,787.39 ---259,205.23 4,335.19 2.353 2.121 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136AHAE0 Agency MBS Federal National Mortgage Association, Inc.04/25/2023 10/28/2016 113,931.13 116,387.77 ---115,896.44 298.12 2.707 1.682 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378B6A2 Agency MBS Government National Mortgage Association 11/16/2052 01/22/2015 113,075.20 109,510.68 ---108,041.09 (3,090.27)1.826 3.339 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136A7MN9 Agency MBS Federal National Mortgage Association, Inc.05/25/2022 08/29/2016 289,220.87 297,490.79 ---290,548.39 (2,229.19)2.349 2.136 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KSL4 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 12/16/2046 ---425,000.00 415,829.11 ---412,598.50 (6,065.98)2.814 3.246 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381Q6B7 Agency MBS Federal National Mortgage Association, Inc.06/01/2021 07/15/2016 181,995.11 201,843.96 ---189,089.28 (831.33)4.295 2.105 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KRS0 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 07/16/2043 05/08/2015 450,000.00 434,460.94 ---437,323.50 (4,456.09)2.389 3.138 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378XP62 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 05/16/2055 05/14/2015 262,676.21 265,918.62 ---258,570.58 (6,695.73)2.500 2.852 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38379KDN5 Agency MBS Government National Mortgage Association 09/16/2055 08/05/2015 149,975.58 146,144.17 ---145,921.74 (2,408.41)2.130 3.049 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381T4E7 Agency MBS Federal National Mortgage Association, Inc.03/01/2022 10/25/2016 258,120.48 269,685.50 ---262,314.94 (1,077.67)2.670 1.900 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138EJPZ5 Agency MBS Federal National Mortgage Association, Inc.07/01/2022 08/29/2016 269,719.66 286,482.32 ---274,412.79 (4,207.74)2.973 2.281 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 06/10/2019 119,045.84 123,379.85 ---123,546.96 148.92 4.000 2.063 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137FBAJ5 Agency MBS Federal Home Loan Mortgage Corporation 08/25/2027 06/26/2019 200,000.00 211,593.75 ---210,864.00 (729.75)3.281 2.526 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137F4D41 Agency MBS Federal Home Loan Mortgage Corporation Multi Class Mortgage Participation Certificate Agre 01/25/2028 04/01/2019 35,000.00 36,714.84 ---37,960.30 1,289.46 3.600 2.482 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381QB54 Agency MBS Federal National Mortgage Association, Inc.03/01/2021 11/07/2018 130,217.41 132,913.33 ---133,862.20 1,726.21 4.410 2.293 AAA 256350021 MIM-RCTC 2013 Residual Fund 31416BVR6 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 01/17/2018 20,478.50 20,939.26 ---20,953.19 283.32 5.000 -0.598 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381RLL6 Agency MBS Federal National Mortgage Association, Inc.07/01/2021 11/02/2018 52,747.04 53,530.01 ---54,233.97 902.72 3.840 2.090 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381SVJ8 Agency MBS Federal National Mortgage Association, Inc.11/01/2021 02/22/2019 85,568.21 85,996.06 ---87,595.32 1,685.97 3.330 2.198 AAA 256350021 MIM-RCTC 2013 Residual Fund 3128MMPP2 Agency MBS Federal Home Loan Mortgage Corporation 03/01/2027 05/10/2019 247,221.12 246,139.53 ---249,547.47 3,420.39 2.500 2.145 AAA 256350021 MIM-RCTC 2013 Residual Fund 3128MMPY3 Agency MBS Federal Home Loan Mortgage Corporation 06/01/2027 05/10/2019 223,910.08 222,930.48 ---226,032.75 3,105.01 2.500 2.149 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137B2GW4 Agency MBS Federal Home Loan Mortgage Corporation 03/25/2020 06/29/2018 96,422.80 95,797.56 ---96,255.99 155.76 2.313 2.359 AAA 256350021 MIM-RCTC 2013 Residual Fund 31418AU48 Agency MBS Federal National Mortgage Association, Inc.07/01/2023 05/21/2019 70,176.64 69,886.07 ---70,877.71 996.94 2.500 1.789 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378KW47 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 08/16/2035 06/13/2019 121,729.97 121,045.24 ---121,112.80 74.49 2.150 2.699 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138L1W62 Agency MBS Federal National Mortgage Association, Inc.12/01/2022 02/21/2019 126,508.44 125,757.29 ---126,096.02 309.67 2.500 2.576 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381RZ23 Agency MBS Federal National Mortgage Association, Inc.08/01/2021 11/02/2018 60,853.62 61,756.91 ---62,553.87 1,013.56 3.840 2.205 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137AXHN6 Agency MBS Federal Home Loan Mortgage Corporation 02/25/2022 01/25/2018 26,785.03 26,416.75 ---26,639.32 122.27 1.749 2.075 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137AWQG3 Agency MBS Federal Home Loan Mortgage Corporation 04/25/2022 ---52,742.68 51,761.99 ---52,283.29 324.55 1.583 2.122 AAA 256350021 MIM-RCTC 2013 Residual Fund 31397UPF0 Agency MBS Federal National Mortgage Association, Inc.06/25/2021 03/15/2019 158,062.16 160,334.30 ---160,967.34 932.47 3.763 2.183 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137B1UF7 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 01/25/2018 15,480.30 15,252.93 ---15,408.00 97.99 1.785 2.022 AAA 256350021 MIM-RCTC 2013 Residual Fund 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 06/10/2019 77,975.02 80,813.80 ---80,923.26 97.54 4.000 2.063 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138L2GH4 Agency MBS Federal National Mortgage Association, Inc.07/01/2021 12/19/2018 91,333.42 88,850.30 ---91,168.11 1,783.53 1.870 1.915 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381QB54 Agency MBS Federal National Mortgage Association, Inc.03/01/2021 11/07/2018 99,833.36 101,900.22 ---102,627.69 1,323.43 4.410 2.293 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138L8H23 Agency MBS Federal National Mortgage Association, Inc.12/01/2021 05/02/2019 68,683.02 68,468.46 ---68,563.52 91.01 2.730 2.742 AAA 256350021 MIM-RCTC 2013 Residual Fund 161571FK5 Asset Backed Chase Issuance Trust 08/15/2019 01/25/2018 115,000.00 113,827.54 ---114,881.55 (24.19)1.580 2.382 AAA 256350021 MIM-RCTC 2013 Residual Fund 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 ---221,000.00 218,887.00 ---220,549.16 629.86 1.930 2.262 AAA 256350021 MIM-RCTC 2013 Residual Fund 055657AC4 Asset Backed Bmw Vehicle Lease Trust 2017-1 05/20/2020 01/29/2018 24,522.76 24,449.96 ---24,510.99 (5.44)1.980 2.345 AAA 256350021 MIM-RCTC 2013 Residual Fund 43814TAD4 Asset Backed Honda Auto Receivables 2007-1 Owner Trust 06/21/2023 10/11/2018 200,000.00 196,375.00 ---199,756.00 2,386.67 2.050 2.128 AAA 256350021 MIM-RCTC 2013 Residual Fund 65479AAD4 Asset Backed Nissan Auto Lease Trust 2017-A 04/15/2020 ---28,805.52 28,700.46 ---28,790.83 16.24 1.910 2.406 AAA 256350021 MIM-RCTC 2013 Residual Fund 05584PAD9 Asset Backed BMW Vehicle Lease Trust 2017-2 02/20/2020 10/11/2018 144,276.26 142,980.03 ---144,071.39 222.19 2.070 2.516 AAA 256350021 MIM-RCTC 2013 Residual Fund 65478HAD0 Asset Backed NAROT_17-C 04/18/2022 09/25/2018 70,000.00 68,908.98 ---69,980.40 621.24 2.120 2.156 AAA 256350021 MIM-RCTC 2013 Residual Fund 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 85,000.00 84,561.72 ---85,443.70 686.88 2.650 2.223 AAA 256350021 MIM-RCTC 2013 Residual Fund 47789JAB2 Asset Backed John Deere Owner Trust 2019 10/15/2021 03/05/2019 105,000.00 104,995.21 ---105,618.45 621.97 2.850 2.160 AAA 256350021 MIM-RCTC 2013 Residual Fund 31680YAB3 Asset Backed Fifth Third Auto Trust 2019-1 05/16/2022 04/30/2019 155,000.00 154,991.46 ---155,674.25 681.66 2.660 2.259 AAA 256350021 MIM-RCTC 2013 Residual Fund 51500VCC1 CD Landesbank Hessen-Thuringen Girozentrale 07/08/2019 06/18/2019 500,000.00 500,030.52 ---500,020.00 8.13 2.550 2.387 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 62888VAA6 CMO NCUA Guaranteed Notes Trust 2011-R1 10/07/2020 06/24/2019 24,440.71 24,429.25 ---24,478.11 48.73 2.869 2.687 AAA 256350023 MIM-Sr Lien Reserve Fund-1 62888VAA6 CMO NCUA Guaranteed Notes Trust 2011-R1 10/07/2020 01/22/2019 99,120.66 99,155.51 ---99,272.31 125.70 2.917 2.687 AAA 256350021 MIM-RCTC 2013 Residual Fund 62888VAA6 CMO NCUA Guaranteed Notes Trust 2011-R1 10/07/2020 ---148,002.07 148,056.19 ---148,228.51 181.91 2.917 2.687 AAA 256350021 MIM-RCTC 2013 Residual Fund 62888UAB6 CMO NCUA Guaranteed Notes Trust 2010-R2 11/05/2020 03/15/2019 169,716.21 169,968.14 ---169,840.10 (84.15)2.937 2.345 AAA 27 Page 4 of 37 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 91 CIP STAMP Portfolio by Investment Category for quarter ended June 30, 2019 256350021 MIM-RCTC 2013 Residual Fund 38141EA58 Corporate The Goldman Sachs Group, Inc.03/15/2020 ---200,000.00 208,651.00 ---204,116.00 713.07 5.375 2.444 A 256350021 MIM-RCTC 2013 Residual Fund 06051GEC9 Corporate Bank of America Corporation 07/01/2020 ---200,000.00 207,806.00 ---206,476.00 1,865.94 5.625 2.356 A 256350021 MIM-RCTC 2013 Residual Fund 46625HHS2 Corporate JPMorgan Chase & Co.07/22/2020 ---140,000.00 142,963.00 ---143,108.00 1,396.21 4.400 2.280 A 256350021 MIM-RCTC 2013 Residual Fund 61747WAF6 Corporate Morgan Stanley 01/25/2021 ---200,000.00 213,237.00 ---210,066.00 1,269.21 5.750 2.471 A 256350021 MIM-RCTC 2013 Residual Fund 637432MU6 Corporate National Rural Utilities Cooperative Finance Corporation 06/15/2020 06/21/2019 200,000.00 199,972.00 05/15/2020 200,118.00 145.52 2.350 2.282 A 256350021 MIM-RCTC 2013 Residual Fund 89114QAS7 Corporate The Toronto-Dominion Bank 07/02/2019 ---200,000.00 199,006.00 ---200,000.00 3.23 2.125 2.103 AA 256350021 MIM-RCTC 2013 Residual Fund 254010AC5 Corporate Dignity Health 11/01/2019 03/15/2018 24,000.00 23,897.52 ---23,974.08 (4.48)2.637 2.944 A 256350021 MIM-RCTC 2013 Residual Fund 40428HPN6 Corporate HSBC USA Inc.11/13/2019 06/29/2018 100,000.00 99,140.00 ---99,973.00 207.32 2.375 2.440 A 256350021 MIM-RCTC 2013 Residual Fund 46625HKA7 Corporate JPMorgan Chase & Co.01/23/2020 01/25/2018 100,000.00 99,577.00 12/23/2019 99,969.00 90.56 2.250 2.304 A 256350021 MIM-RCTC 2013 Residual Fund 084659AB7 Corporate Berkshire Hathaway Energy Company 02/01/2020 04/22/2019 250,000.00 249,475.00 01/01/2020 249,897.50 294.84 2.400 2.468 A 256350021 MIM-RCTC 2013 Residual Fund 06051GFN4 Corporate Bank of America Corporation 04/21/2020 01/25/2018 100,000.00 99,537.00 ---99,983.00 152.66 2.250 2.269 A 256350021 MIM-RCTC 2013 Residual Fund 05531FAU7 Corporate BB&T Corporation 06/29/2020 04/15/2019 250,000.00 249,642.50 05/29/2020 250,515.00 807.64 2.625 2.398 A 256350021 MIM-RCTC 2013 Residual Fund 94974BGM6 Corporate Wells Fargo & Company 07/22/2020 04/15/2019 200,000.00 199,590.00 ---200,658.00 999.28 2.600 2.285 A 256350021 MIM-RCTC 2013 Residual Fund 375558BB8 Corporate Gilead Sciences, Inc.09/01/2020 ---135,000.00 133,439.10 ---135,396.90 1,341.08 2.550 2.294 A 256350021 MIM-RCTC 2013 Residual Fund 780082AC7 Corporate Royal Bank of Canada 10/14/2020 ---200,000.00 196,622.00 ---200,096.00 2,098.15 2.100 2.061 AAA 256350021 MIM-RCTC 2013 Residual Fund 06416CAC2 Corporate The Bank of Nova Scotia 04/26/2021 ---200,000.00 194,126.00 ---199,310.00 3,187.10 1.875 2.068 AAA 256350021 MIM-RCTC 2013 Residual Fund 06406FAB9 Corporate The Bank of New York Mellon Corporation 05/03/2021 10/11/2018 200,000.00 193,708.00 04/03/2021 199,596.00 4,185.17 2.050 2.161 A 256350021 MIM-RCTC 2013 Residual Fund 49327M2P8 Corporate KeyBank National Association 08/22/2019 10/11/2018 250,000.00 247,367.50 ---249,695.00 140.15 1.600 2.403 A 256350021 MIM-RCTC 2013 Residual Fund 13607RAB6 Corporate Canadian Imperial Bank of Commerce 09/06/2019 ---200,000.00 197,801.00 ---199,698.00 47.51 1.600 2.391 AA 256350021 MIM-RCTC 2013 Residual Fund 17275RBG6 Corporate Cisco Systems, Inc.09/20/2019 06/29/2018 150,000.00 147,883.50 ---149,677.50 64.50 1.400 2.340 AA 256350021 MIM-RCTC 2013 Residual Fund 172967LC3 Corporate Citigroup Inc.12/08/2021 ---450,000.00 449,617.50 11/08/2021 454,666.50 5,013.23 2.900 2.445 A 256350021 MIM-RCTC 2013 Residual Fund 06367TPX2 Corporate Bank of Montreal 12/12/2019 ---200,000.00 197,898.00 ---199,776.00 506.39 2.100 2.346 AA 256350021 MIM-RCTC 2013 Residual Fund 86787EAS6 Corporate SunTrust Bank 01/31/2020 01/25/2018 100,000.00 100,644.00 12/31/2019 100,179.00 10.88 3.113 2.542 A 256350021 MIM-RCTC 2013 Residual Fund 0258M0EE5 Corporate American Express Credit Corporation 03/03/2020 ---260,000.00 257,588.40 02/01/2020 259,727.00 954.70 2.200 2.354 A 256350021 MIM-RCTC 2013 Residual Fund 69353RFC7 Corporate PNC Bank, National Association 05/19/2020 10/10/2018 250,000.00 245,222.50 04/19/2020 249,335.00 1,993.84 2.000 2.302 A 256350021 MIM-RCTC 2013 Residual Fund 55279HAN0 Corporate Manufacturers and Traders Trust Company 08/17/2020 10/11/2018 250,000.00 244,707.50 07/17/2020 249,537.50 2,821.29 2.050 2.215 A 256350021 MIM-RCTC 2013 Residual Fund 31677QBK4 Corporate Fifth Third Bank 10/30/2020 06/21/2019 200,000.00 199,810.00 09/30/2020 199,788.00 (24.38)2.200 2.280 A 256350021 MIM-RCTC 2013 Residual Fund 17401QAN1 Corporate Citizens Bank, National Association 10/30/2020 04/15/2019 250,000.00 247,950.00 ---249,512.50 1,291.12 2.250 2.398 A 256350021 MIM-RCTC 2013 Residual Fund 69353RFH6 Corporate PNC Bank, National Association 01/22/2021 04/22/2019 250,000.00 249,005.00 12/22/2020 250,837.50 1,724.63 2.500 2.269 A 256350021 MIM-RCTC 2013 Residual Fund 90331HNP4 Corporate U.S. Bank National Association 04/26/2021 10/11/2018 250,000.00 249,395.00 03/26/2021 254,535.00 4,973.45 3.150 2.085 AA 256350021 MIM-RCTC 2013 Residual Fund 69371RP34 Corporate PACCAR Financial Corp.05/10/2021 04/30/2019 200,000.00 200,250.00 ---200,264.00 34.30 2.805 2.529 A 256350021 MIM-RCTC 2013 Residual Fund 369550BA5 Corporate General Dynamics Corporation 05/11/2020 ---225,000.00 224,409.50 ---226,116.00 1,431.01 2.875 2.294 A 256350021 MIM-RCTC 2013 Residual Fund 14913Q2X6 Corporate Caterpillar Financial Services Corporation 05/17/2021 05/14/2019 120,000.00 120,000.00 ---120,289.20 289.20 2.915 2.603 A 256350021 MIM-RCTC 2013 Residual Fund 86787EBD8 Corporate SunTrust Bank 05/17/2022 05/14/2019 50,000.00 50,000.00 04/17/2022 50,078.00 78.00 3.115 2.871 A 256350021 MIM-RCTC 2013 Residual Fund 025816CE7 Corporate American Express Company 05/20/2022 05/15/2019 100,000.00 100,000.00 04/19/2022 100,395.00 395.00 3.140 2.813 A 256350021 MIM-RCTC 2013 Residual Fund 46640QU82 CP J.P. Morgan Securities LLC 07/08/2019 06/18/2019 375,000.00 374,508.33 ---374,827.50 (0.42)0.000 1.656 AAA 256350021 MIM-RCTC 2013 Residual Fund 69350BUB0 CP PPG Industries, Inc.07/11/2019 06/10/2019 325,000.00 324,272.36 ---324,785.50 20.22 0.000 1.828 AA 256350021 MIM-RCTC 2013 Residual Fund 97684HU82 CP Wisconsin Public Service Corporation 07/08/2019 06/11/2019 375,000.00 374,341.88 ---374,827.50 4.69 0.000 1.656 AAA 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Currency UNITED STATES OF AMERICA 06/30/2019 ---0.00 489.16 ---489.16 0.00 0.000 0.000 AAA 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Currency UNITED STATES OF AMERICA 06/30/2019 ---0.00 (5,029,416.31)---(5,029,416.31)0.00 0.000 0.000 AAA 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Currency UNITED STATES OF AMERICA 06/30/2019 ---0.00 5,324.53 ---5,324.53 0.00 0.000 0.000 AAA 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Currency UNITED STATES OF AMERICA 06/30/2019 ---0.00 (231,218.46)---(231,218.46)0.00 0.000 0.000 AAA 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Currency UNITED STATES OF AMERICA 06/30/2019 ---0.00 (211,593.75)---(211,593.75)0.00 0.000 0.000 AAA 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Currency UNITED STATES OF AMERICA 06/30/2019 ---0.00 728.94 ---728.94 0.00 0.000 0.000 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31846V401 MM Fund First American Funds, Inc.06/30/2019 ---0.00 5,093,730.60 ---5,093,730.60 0.00 1.610 1.860 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31846V401 MM Fund First American Funds, Inc.06/30/2019 ---0.00 322,791.18 ---322,791.18 0.00 1.840 1.860 AAA 256350021 MIM-RCTC 2013 Residual Fund 31846V401 MM Fund First American Funds, Inc.06/30/2019 ---0.00 48,056.65 ---48,056.65 0.00 1.860 1.830 AAA 256350021 MIM-RCTC 2013 Residual Fund 459058GK3 Non-US Gov International Bank for Reconstruction and Development 08/21/2020 ---315,000.00 315,116.40 ---315,103.95 26.87 2.720 2.656 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828UH1 TIPS Treasury, United States Department of 01/15/2023 06/06/2019 664,158.00 660,075.45 ---660,398.87 248.69 0.125 0.285 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 9128285W6 TIPS Treasury, United States Department of 01/15/2029 06/25/2019 121,425.60 127,929.84 ---127,807.73 (114.70)0.875 0.315 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828V49 TIPS Treasury, United States Department of 01/15/2027 06/25/2019 306,738.80 309,133.95 ---308,833.83 (296.66)0.375 0.283 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828SA9 TIPS Treasury, United States Department of 01/15/2022 ---468,481.05 470,783.70 ---465,534.30 (4,261.27)0.125 0.372 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828UH1 TIPS Treasury, United States Department of 01/15/2023 02/05/2018 193,712.75 191,214.67 ---192,616.34 699.27 0.125 0.285 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828V49 TIPS Treasury, United States Department of 01/15/2027 ---296,161.60 294,818.75 ---298,184.38 3,074.80 0.375 0.283 AAA 256350023 MIM-Sr Lien Reserve Fund-1 9128285W6 TIPS Treasury, United States Department of 01/15/2029 05/23/2019 101,188.00 104,239.15 ---106,506.44 2,299.55 0.875 0.315 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828SA9 TIPS Treasury, United States Department of 01/15/2022 06/29/2018 203,196.60 199,850.62 ---201,918.49 1,125.79 0.125 0.372 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828UH1 TIPS Treasury, United States Department of 01/15/2023 ---99,623.70 97,753.38 ---99,059.83 870.41 0.125 0.285 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828Y53 US Gov Treasury, United States Department of 07/31/2020 06/06/2019 800,000.00 799,735.75 ---799,152.00 (598.85)2.139 2.274 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828L99 US Gov Treasury, United States Department of 10/31/2020 06/25/2019 1,300,000.00 1,292,179.69 ---1,291,576.00 (666.65)1.375 1.866 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828B58 US Gov Treasury, United States Department of 01/31/2021 06/26/2019 1,500,000.00 1,506,269.53 ---1,506,855.00 627.09 2.125 1.832 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 9128282T6 US Gov Treasury, United States Department of 08/31/2019 06/28/2019 1,000,000.00 998,398.44 ---998,280.00 (118.44)1.250 2.234 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828VV9 US Gov Treasury, United States Department of 08/31/2020 07/14/2017 100,000.00 101,667.97 ---100,234.00 (398.40)2.125 1.921 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 US Gov Treasury, United States Department of 01/31/2021 ---1,375,000.00 1,405,890.24 ---1,381,283.75 (3,488.43)2.125 1.832 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828G38 US Gov Treasury, United States Department of 11/15/2024 04/18/2017 1,350,000.00 1,369,037.11 ---1,381,428.00 17,615.98 2.250 1.794 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828XB1 US Gov Treasury, United States Department of 05/15/2025 ---1,125,000.00 1,143,342.78 ---1,143,990.00 7,875.51 2.125 1.821 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828L57 US Gov Treasury, United States Department of 09/30/2022 ---1,400,000.00 1,386,564.45 ---1,400,980.00 9,321.58 1.750 1.728 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828L99 US Gov Treasury, United States Department of 10/31/2020 ---800,000.00 793,775.39 ---794,816.00 (2,742.94)1.375 1.866 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828UF5 US Gov Treasury, United States Department of 12/31/2019 ---970,000.00 955,677.54 ---965,305.20 2,029.61 1.125 2.092 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 US Gov Treasury, United States Department of 04/30/2020 ---925,000.00 901,532.23 ---918,210.50 5,270.85 1.125 2.010 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828VV9 US Gov Treasury, United States Department of 08/31/2020 ---1,060,000.00 1,047,463.28 ---1,062,480.40 9,939.11 2.125 1.921 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828B58 US Gov Treasury, United States Department of 01/31/2021 ---550,000.00 541,754.30 ---552,513.50 7,990.96 2.125 1.832 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828L57 US Gov Treasury, United States Department of 09/30/2022 06/29/2018 100,000.00 96,167.97 ---100,070.00 3,033.64 1.750 1.728 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828Y53 US Gov Treasury, United States Department of 07/31/2020 ---1,400,000.00 1,399,880.28 ---1,398,516.00 (1,349.52)2.139 2.274 AAA 256350021 MIM-RCTC 2013 Residual Fund 9128285H9 US Gov Treasury, United States Department of 10/31/2020 ---900,000.00 899,672.81 ---898,677.00 (1,068.22)2.141 2.291 AAA 256350021 MIM-RCTC 2013 Residual Fund 658886DZ6 VRDN North Dakota Housing Finance Agency 07/01/2038 06/29/2018 100,000.00 100,000.00 ---100,000.00 0.00 2.360 2.360 AA 256350021 MIM-RCTC 2013 Residual Fund 56052FHZ1 VRDN Maine State Housing Authority 11/15/2052 06/29/2018 100,000.00 100,000.00 07/30/2019 100,000.00 0.00 2.400 2.400 AA 58,999,442.54 59,091,502.36 59,268,614.72 162,069.92 28 29 Page 5 of 37 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 256350018 MIM-RCTC 91 TIFIA Reserve 3135G0D75 Agency Federal National Mortgage Association, Inc.06/22/2020 06/07/2019 650,000.00 646,269.00 ---646,685.00 207.04 1.500 2.026 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137EADR7 Agency Federal Home Loan Mortgage Corporation 05/01/2020 06/07/2019 500,000.00 496,885.00 ---497,145.00 61.25 1.375 2.062 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137EADB2 Agency Federal Home Loan Mortgage Corporation 01/13/2022 06/06/2019 500,000.00 505,766.50 ---507,385.00 1,759.95 2.375 1.778 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3134GTBJ1 Agency Freddie Mac 04/01/2021 06/11/2019 600,000.00 600,027.60 ---600,000.00 0.00 2.600 2.584 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136G4TH6 Agency Federal National Mortgage Association, Inc.01/30/2020 06/13/2019 300,000.00 300,289.38 ---300,276.00 8.01 2.660 2.474 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3130AFEN3 Agency Council of Federal Home Loan Banks 05/08/2020 06/13/2019 600,000.00 599,734.20 ---599,712.00 (35.93)2.385 2.222 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3130AG5X9 Agency Federal Home Loan Banks Office of Finance 10/09/2020 06/13/2019 500,000.00 500,300.00 10/09/2019 500,365.00 108.59 2.520 2.246 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 313384JQ3 Agency Federal Home Loan Banks Office of Finance 07/26/2019 06/28/2019 1,000,000.00 998,475.69 ---998,470.00 (5.69)0.000 1.998 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137ABFH9 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2021 ---149,000.00 152,765.01 ---152,920.19 233.71 3.989 2.331 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AH6C7 Agency CMO Federal Home Loan Mortgage Corporation 07/25/2021 06/07/2019 350,000.00 356,193.36 ---356,979.00 942.54 3.230 2.061 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136A5KR6 Agency CMO Federal National Mortgage Association, Inc.10/25/2022 06/10/2019 222,957.13 221,284.95 ---221,478.92 192.24 1.750 2.332 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136ADFF1 Agency CMO Federal National Mortgage Association, Inc.04/25/2023 06/10/2019 155,392.21 153,158.45 ---153,491.76 348.15 1.500 2.312 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AS7D0 Agency CMO Federal Home Loan Mortgage Corporation 04/15/2039 06/14/2019 220,291.57 218,639.38 ---221,223.40 2,597.88 2.000 1.729 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38376PRM4 Agency CMO Government National Mortgage Association 05/20/2038 06/18/2019 50,136.30 50,386.98 ---50,523.85 122.54 4.000 2.489 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31397ALN1 Agency CMO Federal Home Loan Mortgage Corporation 04/15/2032 06/18/2019 224,638.13 224,497.74 ---224,725.74 226.41 2.744 2.708 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378BXQ7 Agency CMO Government National Mortgage Association 01/16/2036 06/17/2019 264,645.53 261,999.08 ---262,155.22 219.25 1.537 3.259 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B6DF5 Agency CMO Federal Home Loan Mortgage Corporation 11/15/2026 06/18/2019 201,257.02 199,165.83 ---201,218.78 2,078.94 2.000 1.981 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGFQ0 Agency CMO Federal National Mortgage Association, Inc.12/25/2038 06/18/2019 207,188.54 209,802.68 ---209,875.78 29.34 3.500 2.561 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38374C4J7 Agency CMO Government National Mortgage Association 07/20/2020 06/14/2019 97,927.85 99,090.75 ---99,323.32 195.25 5.500 2.139 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B3HX9 Agency CMO Federal Home Loan Mortgage Corporation 07/15/2038 06/20/2019 120,119.69 119,744.32 ---120,684.25 939.67 2.844 2.587 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38377YTL4 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 05/20/2040 06/17/2019 237,037.86 234,148.96 ---233,591.33 (522.49)2.000 2.506 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378WUY7 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 06/20/2041 06/12/2019 202,314.38 202,630.50 ---203,637.52 1,000.90 2.500 2.097 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378BCG2 Agency CMO Government National Mortgage Association 03/16/2037 06/25/2019 152,398.94 151,446.44 ---151,295.57 (122.80)2.105 2.686 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1UG5 Agency CMO Federal Home Loan Mortgage Corporation 01/25/2023 06/25/2019 200,000.00 204,101.56 ---203,668.00 (423.62)2.637 2.037 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378BSZ3 Agency CMO Government National Mortgage Association 04/16/2040 06/25/2019 255,171.63 253,736.29 ---253,558.95 (144.45)2.141 2.517 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BDKF2 Agency CMO Federal Home Loan Mortgage Corporation 09/15/2040 06/25/2019 25,363.26 25,824.96 ---26,035.38 200.20 3.500 2.150 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AJMF8 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2021 06/07/2019 332,874.26 338,127.43 ---338,656.28 660.05 2.968 2.032 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378CNY9 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 11/20/2038 06/25/2019 200,000.00 202,593.75 ---202,582.00 2.66 3.500 2.573 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGZA3 Agency CMO Federal National Mortgage Association, Inc.09/25/2030 06/25/2019 34,127.98 34,355.95 ---34,541.61 178.60 3.000 2.206 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AUPE3 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2022 06/28/2019 200,000.00 201,773.44 ---201,652.00 (121.44)2.396 2.050 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AXHP1 Agency CMO Federal Home Loan Mortgage Corporation 09/25/2022 06/28/2019 150,000.00 152,232.42 ---152,214.00 (18.42)2.573 2.040 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137ATRW4 Agency CMO Federal Home Loan Mortgage Corporation 05/25/2022 06/28/2019 300,000.00 302,496.09 ---302,151.00 (345.09)2.373 2.056 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137A2B26 Agency CMO Federal Home Loan Mortgage Corporation 08/25/2020 06/13/2019 221,997.19 224,633.41 ---224,443.60 (90.78)3.808 2.383 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137A6B27 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2020 06/27/2019 249,167.73 254,657.20 ---254,432.65 (224.55)4.333 2.280 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 06/10/2019 238,091.68 246,759.71 ---247,093.93 297.84 4.000 2.063 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620AFYR2 Agency MBS Government National Mortgage Association 12/15/2024 06/12/2019 115,409.68 119,165.01 ---119,731.77 530.24 4.000 2.012 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620C4SU5 Agency MBS Government National Mortgage Association 09/15/2025 06/12/2019 107,932.02 111,924.66 ---112,011.85 49.28 4.000 2.202 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3620A9T35 Agency MBS Government National Mortgage Association 11/15/2024 06/13/2019 198,662.26 205,134.30 ---206,108.12 910.78 4.000 1.986 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 36297GCD0 Agency MBS Government National Mortgage Association 02/15/2025 06/12/2019 110,521.45 115,171.13 ---113,861.41 (1,353.93)4.500 2.904 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378KW47 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 08/16/2035 06/13/2019 314,976.30 313,204.56 ---313,379.37 192.74 2.150 2.699 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31397UPF0 Agency MBS Federal National Mortgage Association, Inc.06/25/2021 06/10/2019 316,124.31 321,310.73 ---321,934.67 737.88 3.763 2.183 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137FGZN8 Agency MBS Federal Home Loan Mortgage Corporation Multi Class Mortgage Participation Certificate Agre 02/25/2023 06/18/2019 334,906.72 334,749.74 ---334,226.86 (526.66)2.631 2.850 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31381R5T7 Agency MBS Federal National Mortgage Association, Inc.09/01/2021 06/20/2019 101,000.00 103,840.63 ---104,491.57 673.47 3.770 2.084 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3138EJRP5 Agency MBS Federal National Mortgage Association, Inc.06/01/2021 06/18/2019 151,574.41 156,146.87 ---156,612.74 480.28 4.356 2.155 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137AWQG3 Agency MBS Federal Home Loan Mortgage Corporation 04/25/2022 06/07/2019 337,553.15 333,808.42 ---334,613.06 779.74 1.583 2.122 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1U75 Agency MBS Federal Home Loan Mortgage Corporation 01/25/2023 06/27/2019 375,000.00 378,618.16 ---378,063.75 (554.41)2.522 2.185 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137F4D41 Agency MBS Federal Home Loan Mortgage Corporation Multi Class Mortgage Participation Certificate Agre 01/25/2028 06/27/2019 150,000.00 163,248.05 ---162,687.00 (561.05)3.600 2.482 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1BS0 Agency MBS Federal Home Loan Mortgage Corporation 11/25/2022 06/27/2019 250,000.00 253,398.44 ---253,647.50 249.06 2.510 2.008 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BM6P6 Agency MBS Federal Home Loan Mortgage Corporation 08/25/2022 06/28/2019 200,000.00 205,437.50 ---205,234.00 (203.50)3.090 2.116 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137F4CY6 Agency MBS Federal Home Loan Mortgage Corporation Multi Class Mortgage Participation Certificate Agre 09/25/2024 06/28/2019 190,000.00 195,907.81 ---195,933.70 25.89 2.920 2.242 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137FBAJ5 Agency MBS Federal Home Loan Mortgage Corporation 08/25/2027 06/26/2019 200,000.00 211,593.75 ---210,864.00 (729.75)3.281 2.526 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31419AM53 Agency MBS Federal National Mortgage Association, Inc.08/01/2024 06/28/2019 129,220.16 133,985.15 ---133,932.53 (52.62)5.500 2.382 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3136AHAE0 Agency MBS Federal National Mortgage Association, Inc.04/25/2023 06/28/2019 136,101.74 137,357.96 ---138,449.50 1,091.54 2.622 1.682 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 3137BSRZ8 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 06/28/2019 203,987.61 208,011.58 ---207,494.15 (517.43)2.838 2.183 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378NWU3 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 06/16/2048 06/27/2019 166,626.63 168,969.82 ---170,070.80 1,100.98 2.540 2.769 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 38378KWU9 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 11/16/2041 06/27/2019 63,058.96 60,329.69 ---60,513.90 184.21 1.400 3.355 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 62888VAA6 CMO NCUA Guaranteed Notes Trust 2011-R1 10/07/2020 06/24/2019 24,440.71 24,429.25 ---24,478.11 48.73 2.869 2.687 AAA 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Currency UNITED STATES OF AMERICA 06/30/2019 ---0.00 489.16 ---489.16 0.00 0.000 0.000 AAA 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Currency UNITED STATES OF AMERICA 06/30/2019 ---0.00 (5,029,416.31)---(5,029,416.31)0.00 0.000 0.000 AAA 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Currency UNITED STATES OF AMERICA 06/30/2019 ---0.00 5,324.53 ---5,324.53 0.00 0.000 0.000 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 31846V401 MM Fund First American Funds, Inc.06/30/2019 ---0.00 5,093,730.60 ---5,093,730.60 0.00 1.610 1.860 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828UH1 TIPS Treasury, United States Department of 01/15/2023 06/06/2019 664,158.00 660,075.45 ---660,398.87 248.69 0.125 0.285 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 9128285W6 TIPS Treasury, United States Department of 01/15/2029 06/25/2019 121,425.60 127,929.84 ---127,807.73 (114.70)0.875 0.315 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828V49 TIPS Treasury, United States Department of 01/15/2027 06/25/2019 306,738.80 309,133.95 ---308,833.83 (296.66)0.375 0.283 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828Y53 US Gov Treasury, United States Department of 07/31/2020 06/06/2019 800,000.00 799,735.75 ---799,152.00 (598.85)2.139 2.274 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828L99 US Gov Treasury, United States Department of 10/31/2020 06/25/2019 1,300,000.00 1,292,179.69 ---1,291,576.00 (666.65)1.375 1.866 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 912828B58 US Gov Treasury, United States Department of 01/31/2021 06/26/2019 1,500,000.00 1,506,269.53 ---1,506,855.00 627.09 2.125 1.832 AAA 256350018 MIM-RCTC 91 TIFIA Reserve 9128282T6 US Gov Treasury, United States Department of 08/31/2019 06/28/2019 1,000,000.00 998,398.44 ---998,280.00 (118.44)1.250 2.234 AAA 19,781,517.38 19,963,587.84 19,975,563.79 12,191.68 256350021 MIM-RCTC 2013 Residual Fund 3134GTAE3 Agency Freddie Mac 09/27/2021 04/30/2019 550,000.00 550,165.00 09/27/2019 550,671.00 573.55 2.700 2.189 AAA 256350021 MIM-RCTC 2013 Residual Fund 3134GTBJ1 Agency Freddie Mac 04/01/2021 03/29/2019 500,000.00 499,950.00 ---500,000.00 43.88 2.600 2.584 AAA 256350021 MIM-RCTC 2013 Residual Fund 3130AGE68 Agency Federal Home Loan Banks Office of Finance 11/09/2021 05/08/2019 750,000.00 749,812.50 08/09/2019 750,217.50 394.48 2.625 2.536 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A1N90 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2020 06/26/2018 65,000.00 65,594.14 ---65,514.15 319.32 3.531 2.348 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137ABFH9 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2021 03/15/2019 206,000.00 209,846.41 ---211,419.86 2,066.21 3.989 2.331 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137APP53 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2020 05/18/2018 7,018.27 6,931.91 ---6,988.16 22.84 1.781 2.374 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378BXQ7 Agency CMO Government National Mortgage Association 01/16/2036 06/17/2019 196,033.73 194,073.39 ---194,189.05 162.41 1.537 3.259 AAA 256350021 MIM-RCTC 2013 Residual Fund 31397LUK3 Agency CMO Federal National Mortgage Association, Inc.06/25/2023 10/10/2018 162,355.98 165,628.46 ---166,093.41 1,654.02 4.500 2.231 AAA 256350021 MIM-RCTC 2013 Residual Fund 3136A5KR6 Agency CMO Federal National Mortgage Association, Inc.10/25/2022 01/25/2019 113,708.13 112,144.64 ---112,954.25 576.32 1.750 2.332 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A2PV7 Agency CMO Federal Home Loan Mortgage Corporation 09/15/2022 06/03/2019 32,624.14 32,053.21 ---32,676.99 619.53 1.500 1.380 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A1LC5 Agency CMO Federal Home Loan Mortgage Corporation 08/15/2020 01/17/2018 5,967.88 5,948.30 ---5,946.93 (7.62)2.000 2.800 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137A5FP4 Agency CMO Federal Home Loan Mortgage Corporation 01/15/2021 01/30/2018 31,047.36 31,124.98 ---31,117.22 38.64 2.500 2.212 AAA 256350021 MIM-RCTC 2013 Residual Fund 38375CBH2 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 03/16/2035 03/19/2019 65,672.93 65,272.74 ---65,426.00 7.49 1.250 2.895 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378CDK0 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 03/20/2035 01/30/2018 29,963.24 30,239.46 ---30,038.14 (19.91)3.000 2.390 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378AWX5 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 01/20/2036 01/30/2018 24,152.12 24,386.09 ---24,281.81 19.96 3.000 2.321 AAA 91 CIP STAMP Portfolio by Account for quarter ended June 30, 2019 ATTACHMENT 3 30 Page 6 of 37 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 91 CIP STAMP Portfolio by Account for quarter ended June 30, 2019 256350021 MIM-RCTC 2013 Residual Fund 31358TPC7 Agency CMO Federal National Mortgage Association, Inc.02/25/2023 02/11/2019 112,038.85 112,383.07 ---112,389.53 81.49 3.254 3.037 AAA 256350021 MIM-RCTC 2013 Residual Fund 31416BVR6 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 01/17/2018 20,478.50 20,939.26 ---20,953.19 283.32 5.000 -0.598 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381RLL6 Agency MBS Federal National Mortgage Association, Inc.07/01/2021 11/02/2018 52,747.04 53,530.01 ---54,233.97 902.72 3.840 2.090 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381SVJ8 Agency MBS Federal National Mortgage Association, Inc.11/01/2021 02/22/2019 85,568.21 85,996.06 ---87,595.32 1,685.97 3.330 2.198 AAA 256350021 MIM-RCTC 2013 Residual Fund 3128MMPP2 Agency MBS Federal Home Loan Mortgage Corporation 03/01/2027 05/10/2019 247,221.12 246,139.53 ---249,547.47 3,420.39 2.500 2.145 AAA 256350021 MIM-RCTC 2013 Residual Fund 3128MMPY3 Agency MBS Federal Home Loan Mortgage Corporation 06/01/2027 05/10/2019 223,910.08 222,930.48 ---226,032.75 3,105.01 2.500 2.149 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137B2GW4 Agency MBS Federal Home Loan Mortgage Corporation 03/25/2020 06/29/2018 96,422.80 95,797.56 ---96,255.99 155.76 2.313 2.359 AAA 256350021 MIM-RCTC 2013 Residual Fund 31418AU48 Agency MBS Federal National Mortgage Association, Inc.07/01/2023 05/21/2019 70,176.64 69,886.07 ---70,877.71 996.94 2.500 1.789 AAA 256350021 MIM-RCTC 2013 Residual Fund 38378KW47 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 08/16/2035 06/13/2019 121,729.97 121,045.24 ---121,112.80 74.49 2.150 2.699 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138L1W62 Agency MBS Federal National Mortgage Association, Inc.12/01/2022 02/21/2019 126,508.44 125,757.29 ---126,096.02 309.67 2.500 2.576 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381RZ23 Agency MBS Federal National Mortgage Association, Inc.08/01/2021 11/02/2018 60,853.62 61,756.91 ---62,553.87 1,013.56 3.840 2.205 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137AXHN6 Agency MBS Federal Home Loan Mortgage Corporation 02/25/2022 01/25/2018 26,785.03 26,416.75 ---26,639.32 122.27 1.749 2.075 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137AWQG3 Agency MBS Federal Home Loan Mortgage Corporation 04/25/2022 ---52,742.68 51,761.99 ---52,283.29 324.55 1.583 2.122 AAA 256350021 MIM-RCTC 2013 Residual Fund 31397UPF0 Agency MBS Federal National Mortgage Association, Inc.06/25/2021 03/15/2019 158,062.16 160,334.30 ---160,967.34 932.47 3.763 2.183 AAA 256350021 MIM-RCTC 2013 Residual Fund 3137B1UF7 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 01/25/2018 15,480.30 15,252.93 ---15,408.00 97.99 1.785 2.022 AAA 256350021 MIM-RCTC 2013 Residual Fund 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 06/10/2019 77,975.02 80,813.80 ---80,923.26 97.54 4.000 2.063 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138L2GH4 Agency MBS Federal National Mortgage Association, Inc.07/01/2021 12/19/2018 91,333.42 88,850.30 ---91,168.11 1,783.53 1.870 1.915 AAA 256350021 MIM-RCTC 2013 Residual Fund 31381QB54 Agency MBS Federal National Mortgage Association, Inc.03/01/2021 11/07/2018 99,833.36 101,900.22 ---102,627.69 1,323.43 4.410 2.293 AAA 256350021 MIM-RCTC 2013 Residual Fund 3138L8H23 Agency MBS Federal National Mortgage Association, Inc.12/01/2021 05/02/2019 68,683.02 68,468.46 ---68,563.52 91.01 2.730 2.742 AAA 256350021 MIM-RCTC 2013 Residual Fund 161571FK5 Asset Backed Chase Issuance Trust 08/15/2019 01/25/2018 115,000.00 113,827.54 ---114,881.55 (24.19)1.580 2.382 AAA 256350021 MIM-RCTC 2013 Residual Fund 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 ---221,000.00 218,887.00 ---220,549.16 629.86 1.930 2.262 AAA 256350021 MIM-RCTC 2013 Residual Fund 055657AC4 Asset Backed Bmw Vehicle Lease Trust 2017-1 05/20/2020 01/29/2018 24,522.76 24,449.96 ---24,510.99 (5.44)1.980 2.345 AAA 256350021 MIM-RCTC 2013 Residual Fund 43814TAD4 Asset Backed Honda Auto Receivables 2007-1 Owner Trust 06/21/2023 10/11/2018 200,000.00 196,375.00 ---199,756.00 2,386.67 2.050 2.128 AAA 256350021 MIM-RCTC 2013 Residual Fund 65479AAD4 Asset Backed Nissan Auto Lease Trust 2017-A 04/15/2020 ---28,805.52 28,700.46 ---28,790.83 16.24 1.910 2.406 AAA 256350021 MIM-RCTC 2013 Residual Fund 05584PAD9 Asset Backed BMW Vehicle Lease Trust 2017-2 02/20/2020 10/11/2018 144,276.26 142,980.03 ---144,071.39 222.19 2.070 2.516 AAA 256350021 MIM-RCTC 2013 Residual Fund 65478HAD0 Asset Backed NAROT_17-C 04/18/2022 09/25/2018 70,000.00 68,908.98 ---69,980.40 621.24 2.120 2.156 AAA 256350021 MIM-RCTC 2013 Residual Fund 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 85,000.00 84,561.72 ---85,443.70 686.88 2.650 2.223 AAA 256350021 MIM-RCTC 2013 Residual Fund 47789JAB2 Asset Backed John Deere Owner Trust 2019 10/15/2021 03/05/2019 105,000.00 104,995.21 ---105,618.45 621.97 2.850 2.160 AAA 256350021 MIM-RCTC 2013 Residual Fund 31680YAB3 Asset Backed Fifth Third Auto Trust 2019-1 05/16/2022 04/30/2019 155,000.00 154,991.46 ---155,674.25 681.66 2.660 2.259 AAA 256350021 MIM-RCTC 2013 Residual Fund 51500VCC1 CD Landesbank Hessen-Thuringen Girozentrale 07/08/2019 06/18/2019 500,000.00 500,030.52 ---500,020.00 8.13 2.550 2.387 AAA 256350021 MIM-RCTC 2013 Residual Fund 62888VAA6 CMO NCUA Guaranteed Notes Trust 2011-R1 10/07/2020 ---148,002.07 148,056.19 ---148,228.51 181.91 2.917 2.687 AAA 256350021 MIM-RCTC 2013 Residual Fund 62888UAB6 CMO NCUA Guaranteed Notes Trust 2010-R2 11/05/2020 03/15/2019 169,716.21 169,968.14 ---169,840.10 (84.15)2.937 2.345 AAA 256350021 MIM-RCTC 2013 Residual Fund 38141EA58 Corporate The Goldman Sachs Group, Inc.03/15/2020 ---200,000.00 208,651.00 ---204,116.00 713.07 5.375 2.444 A 256350021 MIM-RCTC 2013 Residual Fund 06051GEC9 Corporate Bank of America Corporation 07/01/2020 ---200,000.00 207,806.00 ---206,476.00 1,865.94 5.625 2.356 A 256350021 MIM-RCTC 2013 Residual Fund 46625HHS2 Corporate JPMorgan Chase & Co.07/22/2020 ---140,000.00 142,963.00 ---143,108.00 1,396.21 4.400 2.280 A 256350021 MIM-RCTC 2013 Residual Fund 61747WAF6 Corporate Morgan Stanley 01/25/2021 ---200,000.00 213,237.00 ---210,066.00 1,269.21 5.750 2.471 A 256350021 MIM-RCTC 2013 Residual Fund 637432MU6 Corporate National Rural Utilities Cooperative Finance Corporation 06/15/2020 06/21/2019 200,000.00 199,972.00 05/15/2020 200,118.00 145.52 2.350 2.282 A 256350021 MIM-RCTC 2013 Residual Fund 89114QAS7 Corporate The Toronto-Dominion Bank 07/02/2019 ---200,000.00 199,006.00 ---200,000.00 3.23 2.125 2.103 AA 256350021 MIM-RCTC 2013 Residual Fund 254010AC5 Corporate Dignity Health 11/01/2019 03/15/2018 24,000.00 23,897.52 ---23,974.08 (4.48)2.637 2.944 A 256350021 MIM-RCTC 2013 Residual Fund 40428HPN6 Corporate HSBC USA Inc.11/13/2019 06/29/2018 100,000.00 99,140.00 ---99,973.00 207.32 2.375 2.440 A 256350021 MIM-RCTC 2013 Residual Fund 46625HKA7 Corporate JPMorgan Chase & Co.01/23/2020 01/25/2018 100,000.00 99,577.00 12/23/2019 99,969.00 90.56 2.250 2.304 A 256350021 MIM-RCTC 2013 Residual Fund 084659AB7 Corporate Berkshire Hathaway Energy Company 02/01/2020 04/22/2019 250,000.00 249,475.00 01/01/2020 249,897.50 294.84 2.400 2.468 A 256350021 MIM-RCTC 2013 Residual Fund 06051GFN4 Corporate Bank of America Corporation 04/21/2020 01/25/2018 100,000.00 99,537.00 ---99,983.00 152.66 2.250 2.269 A 256350021 MIM-RCTC 2013 Residual Fund 05531FAU7 Corporate BB&T Corporation 06/29/2020 04/15/2019 250,000.00 249,642.50 05/29/2020 250,515.00 807.64 2.625 2.398 A 256350021 MIM-RCTC 2013 Residual Fund 94974BGM6 Corporate Wells Fargo & Company 07/22/2020 04/15/2019 200,000.00 199,590.00 ---200,658.00 999.28 2.600 2.285 A 256350021 MIM-RCTC 2013 Residual Fund 375558BB8 Corporate Gilead Sciences, Inc.09/01/2020 ---135,000.00 133,439.10 ---135,396.90 1,341.08 2.550 2.294 A 256350021 MIM-RCTC 2013 Residual Fund 780082AC7 Corporate Royal Bank of Canada 10/14/2020 ---200,000.00 196,622.00 ---200,096.00 2,098.15 2.100 2.061 AAA 256350021 MIM-RCTC 2013 Residual Fund 06416CAC2 Corporate The Bank of Nova Scotia 04/26/2021 ---200,000.00 194,126.00 ---199,310.00 3,187.10 1.875 2.068 AAA 256350021 MIM-RCTC 2013 Residual Fund 06406FAB9 Corporate The Bank of New York Mellon Corporation 05/03/2021 10/11/2018 200,000.00 193,708.00 04/03/2021 199,596.00 4,185.17 2.050 2.161 A 256350021 MIM-RCTC 2013 Residual Fund 49327M2P8 Corporate KeyBank National Association 08/22/2019 10/11/2018 250,000.00 247,367.50 ---249,695.00 140.15 1.600 2.403 A 256350021 MIM-RCTC 2013 Residual Fund 13607RAB6 Corporate Canadian Imperial Bank of Commerce 09/06/2019 ---200,000.00 197,801.00 ---199,698.00 47.51 1.600 2.391 AA 256350021 MIM-RCTC 2013 Residual Fund 17275RBG6 Corporate Cisco Systems, Inc.09/20/2019 06/29/2018 150,000.00 147,883.50 ---149,677.50 64.50 1.400 2.340 AA 256350021 MIM-RCTC 2013 Residual Fund 172967LC3 Corporate Citigroup Inc.12/08/2021 ---450,000.00 449,617.50 11/08/2021 454,666.50 5,013.23 2.900 2.445 A 256350021 MIM-RCTC 2013 Residual Fund 06367TPX2 Corporate Bank of Montreal 12/12/2019 ---200,000.00 197,898.00 ---199,776.00 506.39 2.100 2.346 AA 256350021 MIM-RCTC 2013 Residual Fund 86787EAS6 Corporate SunTrust Bank 01/31/2020 01/25/2018 100,000.00 100,644.00 12/31/2019 100,179.00 10.88 3.113 2.542 A 256350021 MIM-RCTC 2013 Residual Fund 0258M0EE5 Corporate American Express Credit Corporation 03/03/2020 ---260,000.00 257,588.40 02/01/2020 259,727.00 954.70 2.200 2.354 A 256350021 MIM-RCTC 2013 Residual Fund 69353RFC7 Corporate PNC Bank, National Association 05/19/2020 10/10/2018 250,000.00 245,222.50 04/19/2020 249,335.00 1,993.84 2.000 2.302 A 256350021 MIM-RCTC 2013 Residual Fund 55279HAN0 Corporate Manufacturers and Traders Trust Company 08/17/2020 10/11/2018 250,000.00 244,707.50 07/17/2020 249,537.50 2,821.29 2.050 2.215 A 256350021 MIM-RCTC 2013 Residual Fund 31677QBK4 Corporate Fifth Third Bank 10/30/2020 06/21/2019 200,000.00 199,810.00 09/30/2020 199,788.00 (24.38)2.200 2.280 A 256350021 MIM-RCTC 2013 Residual Fund 17401QAN1 Corporate Citizens Bank, National Association 10/30/2020 04/15/2019 250,000.00 247,950.00 ---249,512.50 1,291.12 2.250 2.398 A 256350021 MIM-RCTC 2013 Residual Fund 69353RFH6 Corporate PNC Bank, National Association 01/22/2021 04/22/2019 250,000.00 249,005.00 12/22/2020 250,837.50 1,724.63 2.500 2.269 A 256350021 MIM-RCTC 2013 Residual Fund 90331HNP4 Corporate U.S. Bank National Association 04/26/2021 10/11/2018 250,000.00 249,395.00 03/26/2021 254,535.00 4,973.45 3.150 2.085 AA 256350021 MIM-RCTC 2013 Residual Fund 69371RP34 Corporate PACCAR Financial Corp.05/10/2021 04/30/2019 200,000.00 200,250.00 ---200,264.00 34.30 2.805 2.529 A 256350021 MIM-RCTC 2013 Residual Fund 369550BA5 Corporate General Dynamics Corporation 05/11/2020 ---225,000.00 224,409.50 ---226,116.00 1,431.01 2.875 2.294 A 256350021 MIM-RCTC 2013 Residual Fund 14913Q2X6 Corporate Caterpillar Financial Services Corporation 05/17/2021 05/14/2019 120,000.00 120,000.00 ---120,289.20 289.20 2.915 2.603 A 256350021 MIM-RCTC 2013 Residual Fund 86787EBD8 Corporate SunTrust Bank 05/17/2022 05/14/2019 50,000.00 50,000.00 04/17/2022 50,078.00 78.00 3.115 2.871 A 256350021 MIM-RCTC 2013 Residual Fund 025816CE7 Corporate American Express Company 05/20/2022 05/15/2019 100,000.00 100,000.00 04/19/2022 100,395.00 395.00 3.140 2.813 A 256350021 MIM-RCTC 2013 Residual Fund 46640QU82 CP J.P. Morgan Securities LLC 07/08/2019 06/18/2019 375,000.00 374,508.33 ---374,827.50 (0.42)0.000 1.656 AAA 256350021 MIM-RCTC 2013 Residual Fund 69350BUB0 CP PPG Industries, Inc.07/11/2019 06/10/2019 325,000.00 324,272.36 ---324,785.50 20.22 0.000 1.828 AA 256350021 MIM-RCTC 2013 Residual Fund 97684HU82 CP Wisconsin Public Service Corporation 07/08/2019 06/11/2019 375,000.00 374,341.88 ---374,827.50 4.69 0.000 1.656 AAA 256350021 MIM-RCTC 2013 Residual Fund 31846V401 MM Fund First American Funds, Inc.06/30/2019 ---0.00 48,056.65 ---48,056.65 0.00 1.860 1.830 AAA 256350021 MIM-RCTC 2013 Residual Fund 459058GK3 Non-US Gov International Bank for Reconstruction and Development 08/21/2020 ---315,000.00 315,116.40 ---315,103.95 26.87 2.720 2.656 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828SA9 TIPS Treasury, United States Department of 01/15/2022 06/29/2018 203,196.60 199,850.62 ---201,918.49 1,125.79 0.125 0.372 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828UH1 TIPS Treasury, United States Department of 01/15/2023 ---99,623.70 97,753.38 ---99,059.83 870.41 0.125 0.285 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828UF5 US Gov Treasury, United States Department of 12/31/2019 ---970,000.00 955,677.54 ---965,305.20 2,029.61 1.125 2.092 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 US Gov Treasury, United States Department of 04/30/2020 ---925,000.00 901,532.23 ---918,210.50 5,270.85 1.125 2.010 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828VV9 US Gov Treasury, United States Department of 08/31/2020 ---1,060,000.00 1,047,463.28 ---1,062,480.40 9,939.11 2.125 1.921 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828B58 US Gov Treasury, United States Department of 01/31/2021 ---550,000.00 541,754.30 ---552,513.50 7,990.96 2.125 1.832 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828L57 US Gov Treasury, United States Department of 09/30/2022 06/29/2018 100,000.00 96,167.97 ---100,070.00 3,033.64 1.750 1.728 AAA 256350021 MIM-RCTC 2013 Residual Fund 912828Y53 US Gov Treasury, United States Department of 07/31/2020 ---1,400,000.00 1,399,880.28 ---1,398,516.00 (1,349.52)2.139 2.274 AAA 256350021 MIM-RCTC 2013 Residual Fund 9128285H9 US Gov Treasury, United States Department of 10/31/2020 ---900,000.00 899,672.81 ---898,677.00 (1,068.22)2.141 2.291 AAA 256350021 MIM-RCTC 2013 Residual Fund 658886DZ6 VRDN North Dakota Housing Finance Agency 07/01/2038 06/29/2018 100,000.00 100,000.00 ---100,000.00 0.00 2.360 2.360 AA 256350021 MIM-RCTC 2013 Residual Fund 56052FHZ1 VRDN Maine State Housing Authority 11/15/2052 06/29/2018 100,000.00 100,000.00 07/30/2019 100,000.00 0.00 2.400 2.400 AA 20,966,237.16 20,925,850.20 21,062,840.18 97,607.49 256350023 MIM-Sr Lien Reserve Fund-1 3137EADB2 Agency Federal Home Loan Mortgage Corporation 01/13/2022 ---950,000.00 942,921.50 ---964,031.50 14,308.39 2.375 1.778 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137EADR7 Agency Federal Home Loan Mortgage Corporation 05/01/2020 05/15/2015 475,000.00 471,527.75 ---472,287.75 (2,109.38)1.375 2.062 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3135G0D75 Agency Federal National Mortgage Association, Inc.06/22/2020 05/06/2015 600,000.00 593,490.00 ---596,940.00 (1,776.04)1.500 2.026 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3134G9V38 Agency Federal Home Loan Mortgage Corporation 07/27/2021 08/28/2018 250,000.00 245,225.00 07/27/2019 249,242.50 2,642.95 1.500 2.247 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377RVK8 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 04/20/2039 ---101,812.96 103,844.22 ---102,955.30 245.27 3.000 2.488 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137AJMF8 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2021 08/05/2015 28,532.08 29,519.56 ---29,027.68 165.06 2.968 2.032 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38375XCM4 Agency CMO Government National Mortgage Association 11/16/2037 05/14/2019 70,118.31 72,104.08 ---72,474.28 391.72 5.000 2.917 AAA 31 Page 7 of 37 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 91 CIP STAMP Portfolio by Account for quarter ended June 30, 2019 256350023 MIM-Sr Lien Reserve Fund-1 38376GB33 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 10/16/2044 01/23/2015 116,259.19 119,336.02 ---116,494.03 (211.66)3.500 2.648 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137ASNH3 Agency CMO Federal Home Loan Mortgage Corporation 09/25/2021 07/03/2013 33,505.53 32,742.49 ---33,371.51 (35.01)1.459 2.538 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137ATRW4 Agency CMO Federal Home Loan Mortgage Corporation 05/25/2022 ---282,110.00 278,085.13 ---284,132.73 5,087.86 2.373 2.056 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137AUPE3 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2022 ---379,000.00 366,344.03 ---382,130.54 7,632.51 2.396 2.050 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377RSZ9 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 06/16/2039 ---43,304.22 44,663.48 ---43,847.69 (55.50)4.500 2.287 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136A72D3 Agency CMO Federal National Mortgage Association, Inc.04/25/2022 07/03/2013 289,408.36 274,937.94 ---291,769.93 6,487.15 2.482 2.052 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136A5KR6 Agency CMO Federal National Mortgage Association, Inc.10/25/2022 01/25/2019 74,021.77 73,003.96 ---73,531.00 375.17 1.750 2.332 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137AXHP1 Agency CMO Federal Home Loan Mortgage Corporation 09/25/2022 09/29/2017 140,000.00 142,089.06 ---142,066.40 786.34 2.573 2.040 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378B7F0 Agency CMO Government National Mortgage Association 12/16/2042 ---450,000.00 427,324.22 ---429,489.00 (7,349.10)2.273 3.301 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378CRT6 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 10/20/2040 05/22/2014 47,105.41 45,486.16 ---47,258.97 1,327.71 2.000 1.874 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378HXH4 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 09/16/2027 03/08/2019 16,834.78 16,326.91 ---16,472.49 125.57 1.250 2.184 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377JZ89 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 10/20/2039 07/05/2013 45,714.90 47,113.13 ---46,892.51 178.27 3.500 2.338 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378TAF7 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 07/20/2041 07/05/2013 116,501.50 116,519.06 ---117,427.68 1,041.18 2.500 2.170 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38375KCX8 Agency CMO Government National Mortgage Association 01/20/2037 09/18/2018 882.42 888.90 ---881.41 (1.01)5.500 2.623 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377F2N0 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 06/20/2038 09/28/2018 78.07 77.93 ---77.97 (0.09)3.000 2.383 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B4HD1 Agency CMO Federal Home Loan Mortgage Corporation 12/15/2042 03/20/2019 45,038.16 46,515.98 ---47,347.26 847.12 4.500 2.587 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377LQT8 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 12/20/2037 ---10,791.72 10,795.58 ---10,788.70 12.11 3.000 2.339 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31398QTP2 Agency CMO Federal Home Loan Mortgage Corporation 05/15/2038 06/26/2018 62,750.13 63,978.17 ---63,405.87 8.44 4.500 2.950 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137A5FP4 Agency CMO Federal Home Loan Mortgage Corporation 01/15/2021 ---86,850.53 86,860.35 ---87,045.94 243.90 2.500 2.212 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376T5Z1 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 01/16/2039 01/26/2015 71,126.87 74,309.79 ---72,547.98 (681.47)3.000 2.148 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38376WA62 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 10/20/2039 ---199,689.93 204,713.32 ---208,536.20 3,416.04 4.000 2.546 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38375CBH2 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 03/16/2035 03/19/2019 37,435.52 37,207.40 ---37,294.76 4.27 1.250 2.895 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38380AZ34 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 04/20/2046 11/28/2016 134,902.24 138,680.57 ---137,434.36 (570.28)3.000 2.640 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378CDK0 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 03/20/2035 03/16/2018 16,646.24 16,724.27 ---16,687.86 21.53 3.000 2.390 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378AWX5 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 01/20/2036 03/28/2018 72,456.35 72,846.93 ---72,845.44 225.27 3.000 2.321 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378DDC6 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 04/20/2038 06/20/2018 98,124.98 98,788.08 ---98,435.05 59.15 3.500 2.772 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38379HLE3 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 05/20/2043 10/18/2018 109,154.38 109,000.88 ---111,831.93 2,867.12 3.500 2.445 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378VC45 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 12/16/2041 11/23/2018 145,530.42 140,277.69 ---144,824.60 4,069.14 2.250 2.391 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38377JM59 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 10/20/2039 11/21/2018 81,124.70 79,096.58 ---80,819.67 1,489.13 2.500 2.618 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B5A60 Agency CMO Federal Home Loan Mortgage Corporation 10/15/2028 03/20/2019 25,090.68 24,808.42 ---25,185.78 373.43 2.500 2.284 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136ADFF1 Agency CMO Federal National Mortgage Association, Inc.04/25/2023 06/10/2019 146,759.31 144,649.65 ---144,964.44 328.81 1.500 2.312 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381PEB0 Agency MBS Federal National Mortgage Association, Inc.11/01/2020 09/26/2014 248,491.72 261,654.01 ---251,033.79 235.92 3.370 2.305 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138NJAE8 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 09/13/2018 17,885.99 18,092.80 ---17,868.29 (194.45)3.630 3.885 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381N7G2 Agency MBS Federal National Mortgage Association, Inc.10/01/2020 09/25/2018 18,012.83 18,078.97 ---18,157.47 72.78 3.270 2.346 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381SVJ8 Agency MBS Federal National Mortgage Association, Inc.11/01/2021 02/22/2019 106,960.27 107,495.08 ---109,494.16 2,107.46 3.330 2.198 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31417YKF3 Agency MBS Federal National Mortgage Association, Inc.01/01/2030 ---133,171.94 139,558.00 ---141,772.19 2,879.12 4.500 2.289 AAA 256350023 MIM-Sr Lien Reserve Fund-1 36202F2H8 Agency MBS Ginnie Mae II 01/20/2027 ---155,441.69 160,215.68 ---158,920.48 (451.22)3.000 2.093 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381R5T7 Agency MBS Federal National Mortgage Association, Inc.09/01/2021 08/29/2018 130,000.00 132,747.27 ---134,494.10 2,597.75 3.770 2.084 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136AC7J4 Agency MBS Federal National Mortgage Association, Inc.03/25/2023 02/21/2018 50,216.36 49,390.54 ---50,982.66 1,370.88 2.607 2.113 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138L33G8 Agency MBS Federal National Mortgage Association, Inc.06/01/2020 11/12/2015 100,000.00 99,875.00 ---99,656.00 (183.78)2.010 2.235 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31418AU48 Agency MBS Federal National Mortgage Association, Inc.07/01/2023 05/21/2019 62,584.44 62,325.30 ---63,209.66 889.09 2.500 1.789 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137B1U75 Agency MBS Federal Home Loan Mortgage Corporation 01/25/2023 08/29/2016 380,000.00 394,917.97 ---383,104.60 (4,349.47)2.522 2.185 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KWU9 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 11/16/2041 ---163,696.32 155,549.00 ---157,089.53 (394.90)1.400 3.355 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KXW4 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 02/16/2037 12/11/2014 102,042.30 101,548.03 ---101,024.94 (811.53)1.705 2.495 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138L1W62 Agency MBS Federal National Mortgage Association, Inc.12/01/2022 02/21/2019 165,434.11 164,451.85 ---164,894.80 404.95 2.500 2.576 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138EKXL4 Agency MBS Federal National Mortgage Association, Inc.03/01/2023 ---257,446.87 253,787.39 ---259,205.23 4,335.19 2.353 2.121 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136AHAE0 Agency MBS Federal National Mortgage Association, Inc.04/25/2023 10/28/2016 113,931.13 116,387.77 ---115,896.44 298.12 2.707 1.682 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378B6A2 Agency MBS Government National Mortgage Association 11/16/2052 01/22/2015 113,075.20 109,510.68 ---108,041.09 (3,090.27)1.826 3.339 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3136A7MN9 Agency MBS Federal National Mortgage Association, Inc.05/25/2022 08/29/2016 289,220.87 297,490.79 ---290,548.39 (2,229.19)2.349 2.136 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KSL4 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 12/16/2046 ---425,000.00 415,829.11 ---412,598.50 (6,065.98)2.814 3.246 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381Q6B7 Agency MBS Federal National Mortgage Association, Inc.06/01/2021 07/15/2016 181,995.11 201,843.96 ---189,089.28 (831.33)4.295 2.105 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378KRS0 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 07/16/2043 05/08/2015 450,000.00 434,460.94 ---437,323.50 (4,456.09)2.389 3.138 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38378XP62 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 05/16/2055 05/14/2015 262,676.21 265,918.62 ---258,570.58 (6,695.73)2.500 2.852 AAA 256350023 MIM-Sr Lien Reserve Fund-1 38379KDN5 Agency MBS Government National Mortgage Association 09/16/2055 08/05/2015 149,975.58 146,144.17 ---145,921.74 (2,408.41)2.130 3.049 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381T4E7 Agency MBS Federal National Mortgage Association, Inc.03/01/2022 10/25/2016 258,120.48 269,685.50 ---262,314.94 (1,077.67)2.670 1.900 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3138EJPZ5 Agency MBS Federal National Mortgage Association, Inc.07/01/2022 08/29/2016 269,719.66 286,482.32 ---274,412.79 (4,207.74)2.973 2.281 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 06/10/2019 119,045.84 123,379.85 ---123,546.96 148.92 4.000 2.063 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137FBAJ5 Agency MBS Federal Home Loan Mortgage Corporation 08/25/2027 06/26/2019 200,000.00 211,593.75 ---210,864.00 (729.75)3.281 2.526 AAA 256350023 MIM-Sr Lien Reserve Fund-1 3137F4D41 Agency MBS Federal Home Loan Mortgage Corporation Multi Class Mortgage Participation Certificate Agre 01/25/2028 04/01/2019 35,000.00 36,714.84 ---37,960.30 1,289.46 3.600 2.482 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31381QB54 Agency MBS Federal National Mortgage Association, Inc.03/01/2021 11/07/2018 130,217.41 132,913.33 ---133,862.20 1,726.21 4.410 2.293 AAA 256350023 MIM-Sr Lien Reserve Fund-1 62888VAA6 CMO NCUA Guaranteed Notes Trust 2011-R1 10/07/2020 01/22/2019 99,120.66 99,155.51 ---99,272.31 125.70 2.917 2.687 AAA 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Currency UNITED STATES OF AMERICA 06/30/2019 ---0.00 (231,218.46)---(231,218.46)0.00 0.000 0.000 AAA 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Currency UNITED STATES OF AMERICA 06/30/2019 ---0.00 (211,593.75)---(211,593.75)0.00 0.000 0.000 AAA 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Currency UNITED STATES OF AMERICA 06/30/2019 ---0.00 728.94 ---728.94 0.00 0.000 0.000 AAA 256350023 MIM-Sr Lien Reserve Fund-1 31846V401 MM Fund First American Funds, Inc.06/30/2019 ---0.00 322,791.18 ---322,791.18 0.00 1.840 1.860 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828SA9 TIPS Treasury, United States Department of 01/15/2022 ---468,481.05 470,783.70 ---465,534.30 (4,261.27)0.125 0.372 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828UH1 TIPS Treasury, United States Department of 01/15/2023 02/05/2018 193,712.75 191,214.67 ---192,616.34 699.27 0.125 0.285 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828V49 TIPS Treasury, United States Department of 01/15/2027 ---296,161.60 294,818.75 ---298,184.38 3,074.80 0.375 0.283 AAA 256350023 MIM-Sr Lien Reserve Fund-1 9128285W6 TIPS Treasury, United States Department of 01/15/2029 05/23/2019 101,188.00 104,239.15 ---106,506.44 2,299.55 0.875 0.315 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828VV9 US Gov Treasury, United States Department of 08/31/2020 07/14/2017 100,000.00 101,667.97 ---100,234.00 (398.40)2.125 1.921 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 US Gov Treasury, United States Department of 01/31/2021 ---1,375,000.00 1,405,890.24 ---1,381,283.75 (3,488.43)2.125 1.832 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828G38 US Gov Treasury, United States Department of 11/15/2024 04/18/2017 1,350,000.00 1,369,037.11 ---1,381,428.00 17,615.98 2.250 1.794 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828XB1 US Gov Treasury, United States Department of 05/15/2025 ---1,125,000.00 1,143,342.78 ---1,143,990.00 7,875.51 2.125 1.821 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828L57 US Gov Treasury, United States Department of 09/30/2022 ---1,400,000.00 1,386,564.45 ---1,400,980.00 9,321.58 1.750 1.728 AAA 256350023 MIM-Sr Lien Reserve Fund-1 912828L99 US Gov Treasury, United States Department of 10/31/2020 ---800,000.00 793,775.39 ---794,816.00 (2,742.94)1.375 1.866 AAA 18,251,688.01 18,202,064.32 18,230,210.75 52,270.74 58,999,442.54 59,091,502.36 59,268,614.72 162,069.92 32 33 Page 8 of 37 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 256350018 MIM-RCTC 91 TIFIA Reserve 3137AH6C7 FHMS K015 A2 - 356,193.36 - - - - (156.90) 942.54 356,979.00 942.08 256350018 MIM-RCTC 91 TIFIA Reserve 3137EADB2 FREDDIE MAC - 505,766.50 - - - - (141.45) 1,759.95 507,385.00 5,541.67 256350018 MIM-RCTC 91 TIFIA Reserve 3137AJMF8 FHMS K016 A2 - 338,127.43 - - - - (131.19) 660.05 338,656.28 823.20 256350018 MIM-RCTC 91 TIFIA Reserve 31397UPF0 FNA 11M1 A3 - 321,310.73 - - - - (113.93) 737.88 321,934.67 991.31 256350018 MIM-RCTC 91 TIFIA Reserve 3137A2B26 FHMS K009 A2 - 224,633.41 - - - - (99.03) (90.78) 224,443.60 704.47 256350018 MIM-RCTC 91 TIFIA Reserve 38378BXQ7 GNR 1289 A - 261,999.08 - - - - (63.11) 219.25 262,155.22 338.97 256350018 MIM-RCTC 91 TIFIA Reserve 3137ABFH9 FHMS KAIV A2 - 83,075.63 - - - - (54.77) 110.25 83,131.11 269.26 256350018 MIM-RCTC 91 TIFIA Reserve 3130AG5X9 FEDERAL HOME LOAN BANKS - 500,300.00 - - - - (43.59) 108.59 500,365.00 2,870.00 256350018 MIM-RCTC 91 TIFIA Reserve 912828B58 UNITED STATES TREASURY - 1,506,269.53 - - - - (41.62) 627.09 1,506,855.00 13,295.93 256350018 MIM-RCTC 91 TIFIA Reserve 38377YTL4 GNR 11136D GA - 234,148.96 - - - - (35.14) (522.49) 233,591.33 395.06 256350018 MIM-RCTC 91 TIFIA Reserve 38378BSZ3 GNR 1253A A - 253,736.29 - - - - (32.89) (144.45) 253,558.95 455.31 256350018 MIM-RCTC 91 TIFIA Reserve 38378BCG2 GNR 122 AB - 151,446.44 - - - - (28.07) (122.80) 151,295.57 267.35 256350018 MIM-RCTC 91 TIFIA Reserve 3134GTBJ1 FEDERAL HOME LOAN MORTGAGE CORP - 600,027.60 - - - - (27.60) - 600,000.00 3,900.00 256350018 MIM-RCTC 91 TIFIA Reserve 3137B6DF5 FHR 4272E YG - 199,165.83 - - - - (25.99) 2,078.94 201,218.78 335.43 256350018 MIM-RCTC 91 TIFIA Reserve 3137ABFH9 FHMS KAIV A2 - 69,689.38 - - - - (23.76) 123.46 69,789.08 226.04 256350018 MIM-RCTC 91 TIFIA Reserve 31381R5T7 FN 468958 - 103,840.63 - - - - (22.53) 673.47 104,491.57 317.31 256350018 MIM-RCTC 91 TIFIA Reserve 3136G4TH6 FEDERAL NATIONAL MORTGAGE ASSOCIATION - 300,289.38 - - - - (21.39) 8.01 300,276.00 1,329.83 256350018 MIM-RCTC 91 TIFIA Reserve 38378KW47 GNR 13138 A - 313,204.56 - - - - (17.93) 192.74 313,379.37 564.33 256350018 MIM-RCTC 91 TIFIA Reserve 3136ADFF1 FNR 1336D KC - 153,158.45 - - - - (14.84) 348.15 153,491.76 194.24 256350018 MIM-RCTC 91 TIFIA Reserve 38378CNY9 GNR 127E MD - 202,593.75 - - - - (14.41) 2.66 202,582.00 583.33 256350018 MIM-RCTC 91 TIFIA Reserve 3138EJRP5 FN AL2293 - 156,146.87 - - - - (14.40) 480.28 156,612.74 550.22 256350018 MIM-RCTC 91 TIFIA Reserve 3137AS7D0 FHR 4084A TC - 218,639.38 - - - - (13.85) 2,597.88 221,223.40 367.15 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1UG5 FHMS K027 A2 - 204,101.56 - - - - (9.94) (423.62) 203,668.00 439.50 256350018 MIM-RCTC 91 TIFIA Reserve 31846V401 FIRST AMER:GVT OBLG D - 20,139,569.21 (15,045,838.61) - - - - - 5,093,730.60 - 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Cash - - - - - - - - 489.16 - 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Payable - - - - - - - - (5,029,416.31) - 256350018 MIM-RCTC 91 TIFIA Reserve CCYUSD Receivable - - - - - - - - 5,324.53 - 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1U75 FHMS KS01 A2 - 378,618.16 - - - - - (554.41) 378,063.75 26.27 256350018 MIM-RCTC 91 TIFIA Reserve 3137F4D41 FHMS K074 A2 - 163,248.05 - - - - - (561.05) 162,687.00 15.00 256350018 MIM-RCTC 91 TIFIA Reserve 3137B1BS0 FHMS K026 A2 - 253,398.44 - - - - - 249.06 253,647.50 17.43 256350018 MIM-RCTC 91 TIFIA Reserve 3137AUPE3 FHMS K021 A2 - 201,773.44 - - - - - (121.44) 201,652.00 26.62 256350018 MIM-RCTC 91 TIFIA Reserve 313384JQ3 FEDERAL HOME LOAN BANKS - 998,475.69 - - - - - (5.69) 998,470.00 - 256350018 MIM-RCTC 91 TIFIA Reserve 3137AXHP1 FHMS K024 A2 - 152,232.42 - - - - - (18.42) 152,214.00 21.44 256350018 MIM-RCTC 91 TIFIA Reserve 9128282T6 UNITED STATES TREASURY - 998,398.44 - - - - - (118.44) 998,280.00 4,177.99 256350018 MIM-RCTC 91 TIFIA Reserve 3137BM6P6 FHMS K721 A2 - 205,437.50 - - - - - (203.50) 205,234.00 34.33 256350018 MIM-RCTC 91 TIFIA Reserve 3137F4CY6 FHMS KBX1 A1 - 195,907.81 - - - - - 25.89 195,933.70 30.82 256350018 MIM-RCTC 91 TIFIA Reserve 3137ATRW4 FHMS K020 A2 - 302,496.09 - - - - - (345.09) 302,151.00 39.55 256350018 MIM-RCTC 91 TIFIA Reserve 3137FBAJ5 FHMS KIR3 A2 - 211,593.75 - - - - - (729.75) 210,864.00 - 256350018 MIM-RCTC 91 TIFIA Reserve 31419AM53 FN AE0379 - 133,985.15 - - - - - (52.62) 133,932.53 39.48 256350018 MIM-RCTC 91 TIFIA Reserve 3136AHAE0 FNA 13M14 APT - 137,357.96 - - - - - 1,091.54 138,449.50 20.47 256350018 MIM-RCTC 91 TIFIA Reserve 3137BSRZ8 FHMS KJ09 A2 - 208,011.58 - - - - - (517.43) 207,494.15 32.16 256350018 MIM-RCTC 91 TIFIA Reserve 38378NWU3 GNR 1417A AM - 168,969.82 - - - - - 1,100.98 170,070.80 11.76 256350018 MIM-RCTC 91 TIFIA Reserve 38378KWU9 GNR 1396 A - 60,329.69 - - - - - 184.21 60,513.90 2.45 256350018 MIM-RCTC 91 TIFIA Reserve 3137A6B27 FHMS K010 A2 - 254,657.20 - - - - - (224.55) 254,432.65 29.99 256350018 MIM-RCTC 91 TIFIA Reserve 62888VAA6 NGN 10R1 1A - 24,429.25 - - - - 0.12 48.73 24,478.11 46.74 256350018 MIM-RCTC 91 TIFIA Reserve 3137B3HX9 FHR 4231C FB - 119,744.32 - - - - 0.26 939.67 120,684.25 151.84 256350018 MIM-RCTC 91 TIFIA Reserve 31397ALN1 FHR 3196C FA - 224,497.74 - - - - 1.58 226.41 224,725.74 273.98 256350018 MIM-RCTC 91 TIFIA Reserve 3136A5KR6 FNR 1231G AD - 221,284.95 - - - - 1.73 192.24 221,478.92 325.15 256350018 MIM-RCTC 91 TIFIA Reserve 3137FGZN8 FHMS KI02 A - 360,129.14 - - (25,391.31) 11.79 3.90 (526.66) 334,226.86 146.83 256350018 MIM-RCTC 91 TIFIA Reserve 38378WUY7 GNR 13124F CP - 202,630.50 - - - - 6.11 1,000.90 203,637.52 421.49 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGZA3 FNR 13101E A - 34,355.95 - - - - 7.07 178.60 34,541.61 85.32 256350018 MIM-RCTC 91 TIFIA Reserve 3137BDKF2 FHR 4384A LA - 25,824.96 - - - - 10.23 200.20 26,035.38 73.98 256350018 MIM-RCTC 91 TIFIA Reserve 3130AFEN3 FEDERAL HOME LOAN BANKS - 599,734.20 - - - - 13.73 (35.93) 599,712.00 2,146.50 256350018 MIM-RCTC 91 TIFIA Reserve 38376PRM4 GNR 09118C YE - 50,386.98 - - - - 14.34 122.54 50,523.85 167.12 256350018 MIM-RCTC 91 TIFIA Reserve 912828Y53 UNITED STATES TREASURY - 799,735.75 - - - - 15.10 (598.85) 799,152.00 3,231.18 256350018 MIM-RCTC 91 TIFIA Reserve 3137AWQG3 FHMS K023 A1 - 333,808.42 - - - - 24.90 779.74 334,613.06 445.29 256350018 MIM-RCTC 91 TIFIA Reserve 3620ARB67 GN 737261 - 246,759.71 - - - - 36.38 297.84 247,093.93 793.64 256350018 MIM-RCTC 91 TIFIA Reserve 3620AFYR2 GN 728920 - 119,165.01 - - - - 36.52 530.24 119,731.77 384.70 256350018 MIM-RCTC 91 TIFIA Reserve 38374C4J7 GNR 0385G TW - 99,090.75 - - - - 37.32 195.25 99,323.32 448.84 256350018 MIM-RCTC 91 TIFIA Reserve 3620C4SU5 GN 748531 - 111,924.66 - - - - 37.91 49.28 112,011.85 359.77 256350018 MIM-RCTC 91 TIFIA Reserve 3136AGFQ0 FNR 1392B A - 209,802.68 - - - - 43.76 29.34 209,875.78 604.30 256350018 MIM-RCTC 91 TIFIA Reserve 36297GCD0 GN 711168 - 115,171.13 - - - - 44.20 (1,353.93) 113,861.41 414.46 256350018 MIM-RCTC 91 TIFIA Reserve 9128285W6 UNITED STATES TREASURY - 127,866.24 - - - - 56.19 (114.70) 127,807.73 490.15 256350018 MIM-RCTC 91 TIFIA Reserve 912828L99 UNITED STATES TREASURY - 1,292,179.69 - - - - 62.96 (666.65) 1,291,576.00 3,011.55 256350018 MIM-RCTC 91 TIFIA Reserve 3620A9T35 GN 723370 - 205,134.30 - - - - 63.05 910.78 206,108.12 662.21 256350018 MIM-RCTC 91 TIFIA Reserve 912828V49 UNITED STATES TREASURY - 308,974.45 - - - - 156.04 (296.66) 308,833.83 530.65 256350018 MIM-RCTC 91 TIFIA Reserve 3137EADR7 FREDDIE MAC - 496,885.00 - - - - 198.75 61.25 497,145.00 1,145.83 256350018 MIM-RCTC 91 TIFIA Reserve 3135G0D75 FEDERAL NATIONAL MORTGAGE ASSOCIATION - 646,269.00 - - - - 208.96 207.04 646,685.00 243.75 256350018 MIM-RCTC 91 TIFIA Reserve 912828UH1 UNITED STATES TREASURY - 657,393.45 - - - - 2,756.72 248.69 660,398.87 382.99 0.00 40,055,503.38 (15,045,838.61)0.00 (25,391.31)11.79 2,689.49 12,191.68 19,975,563.79 57,216.02 256350021 MIM-RCTC 2013 Residual Fund 61747WAF6 MORGAN STANLEY 105,017.00 - - - - - (699.99) 715.99 105,033.00 2,491.67 256350021 MIM-RCTC 2013 Residual Fund 38141EA58 GOLDMAN SACHS GROUP INC 102,330.00 - - - - - (670.23) 398.23 102,058.00 1,582.64 256350021 MIM-RCTC 2013 Residual Fund 06051GEC9 BANK OF AMERICA CORP 103,516.00 - - - - - (566.14) 288.14 103,238.00 2,812.50 256350021 MIM-RCTC 2013 Residual Fund 06051GEC9 BANK OF AMERICA CORP 103,516.00 - - - - - (564.91) 286.91 103,238.00 2,812.50 256350021 MIM-RCTC 2013 Residual Fund 61747WAF6 MORGAN STANLEY - 104,868.00 - - - - (550.97) 715.97 105,033.00 2,491.67 256350021 MIM-RCTC 2013 Residual Fund 38141EA58 GOLDMAN SACHS GROUP INC 102,330.00 - - - - - (508.79) 236.79 102,058.00 1,582.64 256350021 MIM-RCTC 2013 Residual Fund 31397LUK3 FNR 0845C DB 188,321.84 - - - (22,456.28) (341.09) (448.00) 1,016.94 166,093.41 608.83 256350021 MIM-RCTC 2013 Residual Fund 3137ABFH9 FHMS KAIV A2 210,505.22 - - - - - (435.35) 1,349.99 211,419.86 684.78 256350021 MIM-RCTC 2013 Residual Fund 3130AFC54 FEDERAL HOME LOAN BANKS - 700,413.00 - (700,000.00) - - (413.00) - - - 256350021 MIM-RCTC 2013 Residual Fund 46625HHS2 JPMORGAN CHASE & CO 102,244.00 - - - - - (279.14) 255.14 102,220.00 1,943.33 256350021 MIM-RCTC 2013 Residual Fund 31397UPF0 FNA 11M1 A3 172,742.51 - - - (11,454.46) (149.69) (273.35) 102.34 160,967.34 495.66 256350021 MIM-RCTC 2013 Residual Fund 31381QB54 FN 467260 103,788.06 - - - (556.50) (8.94) (224.88) (370.05) 102,627.69 366.89 256350021 MIM-RCTC 2013 Residual Fund 46625HHS2 JPMORGAN CHASE & CO 40,897.60 - - - - - (118.47) 108.87 40,888.00 777.33 256350021 MIM-RCTC 2013 Residual Fund 51489N5L2 Landesbank Hessen-Thuringen Girozentrale - 700,115.89 - (700,000.00) - - (115.89) - - - 256350021 MIM-RCTC 2013 Residual Fund 3137A1N90 FHMS K008 A2 65,359.45 - - - - - (100.41) 255.11 65,514.15 191.26 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended June 30, 2019 ATTACHMENT 4 34 Page 9 of 37 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended June 30, 2019 256350021 MIM-RCTC 2013 Residual Fund 86787EAS6 SUNTRUST BANK 100,304.00 - - - - - (83.60) (41.40) 100,179.00 536.08 256350021 MIM-RCTC 2013 Residual Fund 02582JGN4 AMXCA 141 A 100,041.00 - - - (100,000.00) - (75.37) 34.37 - - 256350021 MIM-RCTC 2013 Residual Fund 31381RZ23 FN 468861 62,508.94 - - - (331.29) (3.95) (75.17) 455.34 62,553.87 194.73 256350021 MIM-RCTC 2013 Residual Fund 31381SVJ8 FN 469617 87,382.72 - - - (546.05) (2.52) (72.20) 833.37 87,595.32 237.45 256350021 MIM-RCTC 2013 Residual Fund 31381RLL6 FN 468431 54,396.57 - - - (267.96) (3.17) (70.03) 178.56 54,233.97 168.79 256350021 MIM-RCTC 2013 Residual Fund 3134GTAE3 FEDERAL HOME LOAN MORTGAGE CORP - 550,165.00 - - - - (67.55) 573.55 550,671.00 3,877.50 256350021 MIM-RCTC 2013 Residual Fund 31358TPC7 FNR G935 F 123,838.65 - - - (11,406.01) (32.59) (64.49) 53.97 112,389.53 60.77 256350021 MIM-RCTC 2013 Residual Fund 05522RCV8 BACCT 161 A 100,040.00 - - - (100,000.00) - (50.42) 10.42 - - 256350021 MIM-RCTC 2013 Residual Fund 38378BXQ7 GNR 1289 A - 194,073.39 - - - - (46.75) 162.41 194,189.05 251.09 256350021 MIM-RCTC 2013 Residual Fund 38378CDK0 GNR 11169G AK 36,761.79 - - - (6,770.27) (29.13) (46.14) 121.90 30,038.14 74.91 256350021 MIM-RCTC 2013 Residual Fund 31416BVR6 FN 995324 29,730.72 - - - (8,599.43) (88.55) (45.85) (43.70) 20,953.19 85.33 256350021 MIM-RCTC 2013 Residual Fund 62888UAB6 NGN 10R2 2A 177,577.70 - - - (7,712.46) (10.54) (39.05) 24.45 169,840.10 332.32 256350021 MIM-RCTC 2013 Residual Fund 38378AWX5 GNR 11157E QA 27,814.59 - - - (3,600.86) (20.46) (34.82) 123.37 24,281.81 60.38 256350021 MIM-RCTC 2013 Residual Fund 69371RP34 PACCAR FINANCIAL CORP - 200,250.00 - - - - (20.30) 34.30 200,264.00 810.37 256350021 MIM-RCTC 2013 Residual Fund 51500VCC1 Landesbank Hessen-Thüringen Girozentrale - 500,030.52 - - - - (18.65) 8.13 500,020.00 4,072.92 256350021 MIM-RCTC 2013 Residual Fund 912828Y53 UNITED STATES TREASURY 344,679.15 - - - - - (18.32) (26.53) 344,634.30 1,393.45 256350021 MIM-RCTC 2013 Residual Fund 3128MMPP2 FH G18429 - 253,312.50 - - (7,204.49) 31.66 (12.58) 3,420.39 249,547.47 515.04 256350021 MIM-RCTC 2013 Residual Fund 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 219,967.00 - - - - - (10.61) 116.21 220,072.60 654.56 256350021 MIM-RCTC 2013 Residual Fund 3137A5FP4 FHR 3791E DA 34,049.88 - - - (3,099.50) (3.74) (8.86) 179.43 31,117.22 64.68 256350021 MIM-RCTC 2013 Residual Fund 38378KW47 GNR 13138 A - 121,045.24 - - - - (6.93) 74.49 121,112.80 218.10 256350021 MIM-RCTC 2013 Residual Fund 912828Y53 UNITED STATES TREASURY 299,721.00 - - - - - (5.70) (33.30) 299,682.00 1,211.69 256350021 MIM-RCTC 2013 Residual Fund 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 64,990.25 - - - - - (5.46) 36.66 65,021.45 193.39 256350021 MIM-RCTC 2013 Residual Fund 31418AU48 FN MA1502 - 72,569.36 - - (2,694.45) 11.26 (5.39) 996.94 70,877.71 146.20 256350021 MIM-RCTC 2013 Residual Fund 62888VAA6 NGN 10R1 1A 84,318.86 - - - (8,117.84) (2.36) (4.12) (40.45) 76,154.10 154.04 256350021 MIM-RCTC 2013 Residual Fund 3128MMPY3 FH G18438 - 227,333.16 - - (4,422.03) 19.39 (2.79) 3,105.01 226,032.75 466.48 256350021 MIM-RCTC 2013 Residual Fund 65479AAD4 NALT 17A A3 - 15,869.23 - - (5,100.70) 12.75 (2.64) 17.92 10,796.56 9.17 256350021 MIM-RCTC 2013 Residual Fund 62888VAA6 NGN 10R1 1A - 32,654.69 - - (1,409.59) (0.62) (1.60) 34.69 31,277.57 63.26 256350021 MIM-RCTC 2013 Residual Fund 62888VAA6 NGN 10R1 1A - 42,586.42 - - (1,838.60) (0.55) (1.23) 50.79 40,796.84 82.52 256350021 MIM-RCTC 2013 Residual Fund 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 14,997.75 - - - - - (0.75) 7.95 15,004.95 44.63 256350021 MIM-RCTC 2013 Residual Fund 86958JL72 Svenska Handelsbanken AB 300,003.00 - - (300,000.00) - - (0.50) (2.50) - - 256350021 MIM-RCTC 2013 Residual Fund 31846V401 FIRST AMER:GVT OBLG D 546,304.86 13,103,033.14 (13,601,281.35) - - - - - 48,056.65 - 256350021 MIM-RCTC 2013 Residual Fund 56052FHZ1 MAINE ST HSG AUTH MTG PUR 100,000.00 - - - - - - - 100,000.00 309.07 256350021 MIM-RCTC 2013 Residual Fund 658886DZ6 NORTH DAKOTA ST HSG FIN AGY MTG REV 100,000.00 - - - - - - - 100,000.00 1,198.59 256350021 MIM-RCTC 2013 Residual Fund 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 14,997.75 - - - - - - 7.20 15,004.95 44.63 256350021 MIM-RCTC 2013 Residual Fund 86787EBD8 SUNTRUST BANK - 50,000.00 - - - - - 78.00 50,078.00 194.70 256350021 MIM-RCTC 2013 Residual Fund 14913Q2X6 CATERPILLAR FINANCIAL SERVICES CORP - 120,000.00 - - - - - 289.20 120,289.20 437.27 256350021 MIM-RCTC 2013 Residual Fund 025816CE7 AMERICAN EXPRESS CO - 100,000.00 - - - - - 395.00 100,395.00 366.33 256350021 MIM-RCTC 2013 Residual Fund 637432MU6 NATIONAL RURAL UTILITIES COOP FINANCE CORP - 199,972.00 - - - - 0.48 145.52 200,118.00 208.89 256350021 MIM-RCTC 2013 Residual Fund 55379WGM2 MUFG Bank, Ltd.300,009.00 - - (300,000.00) - - 0.89 (9.89) - - 256350021 MIM-RCTC 2013 Residual Fund 31680YAB3 FITAT 191 A2A - 154,991.46 - - - - 1.13 681.66 155,674.25 183.24 256350021 MIM-RCTC 2013 Residual Fund 47789JAB2 JDOT 2019 A2 105,179.55 - - - - - 1.16 437.74 105,618.45 133.00 256350021 MIM-RCTC 2013 Residual Fund 3137A1LC5 FHR 3710F AB 8,974.95 - - - (3,052.53) 7.12 1.64 15.76 5,946.93 9.95 256350021 MIM-RCTC 2013 Residual Fund 9128285H9 UNITED STATES TREASURY 549,208.00 - (49,915.54) - - (83.47) 2.00 54.01 499,265.00 2,021.21 256350021 MIM-RCTC 2013 Residual Fund 06406HCU1 BANK OF NEW YORK MELLON CORP 99,934.00 - - (100,000.00) - - 2.32 63.68 - - 256350021 MIM-RCTC 2013 Residual Fund 31677QBK4 FIFTH THIRD BANK (OHIO)- 199,810.00 - - - - 2.38 (24.38) 199,788.00 745.56 256350021 MIM-RCTC 2013 Residual Fund 3138L8H23 FN AM7448 - 68,591.24 - - (123.17) 0.39 4.05 91.01 68,563.52 156.25 256350021 MIM-RCTC 2013 Residual Fund 3137A2PV7 FHR 3760D BA - 32,053.21 - - - - 4.25 619.53 32,676.99 40.78 256350021 MIM-RCTC 2013 Residual Fund 3134GTBJ1 FEDERAL HOME LOAN MORTGAGE CORP 499,850.50 - - - - - 6.12 143.38 500,000.00 3,250.00 256350021 MIM-RCTC 2013 Residual Fund 3137APP53 FHMS K018 A1 8,667.70 - - - (1,712.37) 13.35 6.15 13.34 6,988.16 10.42 256350021 MIM-RCTC 2013 Residual Fund 3137AWQG3 FHMS K023 A1 - 20,783.91 - - - - 6.21 123.20 20,913.32 27.83 256350021 MIM-RCTC 2013 Residual Fund 110122BX5 BRISTOL-MYERS SQUIBB CO - 119,810.40 (121,006.80) - - 1,186.54 9.86 - - - 256350021 MIM-RCTC 2013 Residual Fund 3130AGE68 FEDERAL HOME LOAN BANKS - 749,812.50 - - - - 10.52 394.48 750,217.50 2,843.75 256350021 MIM-RCTC 2013 Residual Fund 3137B1UF7 FHMS K027 A1 16,457.79 - - - (1,185.65) 13.53 10.69 111.64 15,408.00 23.03 256350021 MIM-RCTC 2013 Residual Fund 369550BA5 GENERAL DYNAMICS CORP 25,082.75 - - - - - 11.03 30.22 25,124.00 99.83 256350021 MIM-RCTC 2013 Residual Fund 65479AAD4 NALT 17A A3 43,913.99 - - - (25,984.44) 15.89 11.65 37.18 17,994.27 15.28 256350021 MIM-RCTC 2013 Residual Fund 055657AC4 BMWLT 171 A3 63,128.92 - - - (38,707.33) 13.56 11.87 63.97 24,510.99 14.84 256350021 MIM-RCTC 2013 Residual Fund 3620ARB67 GN 737261 - 80,813.80 - - - - 11.91 97.54 80,923.26 259.92 256350021 MIM-RCTC 2013 Residual Fund 254010AC5 DIGNITY HEALTH 23,988.24 - - - - - 15.88 (30.04) 23,974.08 105.48 256350021 MIM-RCTC 2013 Residual Fund 172967LC3 CITIGROUP INC - 249,837.50 - - - - 17.11 2,737.89 252,592.50 463.19 256350021 MIM-RCTC 2013 Residual Fund 172967LC3 CITIGROUP INC - 199,780.00 - - - - 18.66 2,275.34 202,074.00 370.56 256350021 MIM-RCTC 2013 Residual Fund 3137AXHN6 FHMS K024 A1 28,773.77 - - - (2,352.37) 24.51 18.80 174.62 26,639.32 39.04 256350021 MIM-RCTC 2013 Residual Fund 3138L1W62 FN AM1568 126,671.39 - - - (584.90) 3.42 22.01 (15.90) 126,096.02 263.56 256350021 MIM-RCTC 2013 Residual Fund 3137AWQG3 FHMS K023 A1 33,722.68 - - - (2,594.09) 40.79 33.84 166.76 31,369.97 41.75 256350021 MIM-RCTC 2013 Residual Fund 31677QBB4 FIFTH THIRD BANK 199,964.00 - - (200,000.00) - - 39.04 (3.04) - - 256350021 MIM-RCTC 2013 Residual Fund 0258M0EE5 AMERICAN EXPRESS CREDIT CORP 19,907.20 - - - - - 40.66 31.14 19,979.00 144.22 256350021 MIM-RCTC 2013 Residual Fund 0258M0EE5 AMERICAN EXPRESS CREDIT CORP 19,907.20 - - - - - 40.94 30.86 19,979.00 144.22 256350021 MIM-RCTC 2013 Residual Fund 0258M0EE5 AMERICAN EXPRESS CREDIT CORP 19,907.20 - - - - - 41.12 30.68 19,979.00 144.22 256350021 MIM-RCTC 2013 Residual Fund 912828Y53 UNITED STATES TREASURY - 754,716.29 - - - - 44.67 (561.26) 754,199.70 3,049.43 256350021 MIM-RCTC 2013 Residual Fund 9128285H9 UNITED STATES TREASURY 399,424.00 - - - - - 45.68 (57.68) 399,412.00 1,616.97 256350021 MIM-RCTC 2013 Residual Fund 375558BB8 GILEAD SCIENCES INC 34,953.80 - - - - - 47.65 101.45 35,102.90 297.50 256350021 MIM-RCTC 2013 Residual Fund 65478DAD9 NAROT 18A A3 85,072.25 - - - - - 49.26 322.19 85,443.70 100.11 256350021 MIM-RCTC 2013 Residual Fund 06051GFN4 BANK OF AMERICA CORP 99,472.00 - - - - - 51.86 459.14 99,983.00 437.50 256350021 MIM-RCTC 2013 Residual Fund 46625HKA7 JPMORGAN CHASE & CO 99,635.00 - - - - - 53.90 280.10 99,969.00 987.50 256350021 MIM-RCTC 2013 Residual Fund 90331HNP4 US BANK NA 252,347.50 - - - - - 58.16 2,129.34 254,535.00 1,421.88 256350021 MIM-RCTC 2013 Residual Fund 80414L2C8 SAUDI ARABIAN OIL CO - 198,278.00 (201,682.00) - - 3,343.42 60.58 - - - 256350021 MIM-RCTC 2013 Residual Fund 05531FAU7 BB&T CORP - 249,642.50 - - - - 64.86 807.64 250,515.00 36.46 256350021 MIM-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY 29,710.50 - - - - - 67.51 76.79 29,854.80 0.92 256350021 MIM-RCTC 2013 Residual Fund 94974BGM6 WELLS FARGO & CO - 199,590.00 - - - - 68.72 999.28 200,658.00 2,296.67 256350021 MIM-RCTC 2013 Residual Fund 369550BA5 GENERAL DYNAMICS CORP 200,662.00 - - - - - 78.66 251.34 200,992.00 798.61 256350021 MIM-RCTC 2013 Residual Fund 3137B2GW4 FHMS K713 A2 96,581.55 - - - (543.69) 2.11 79.69 136.34 96,255.99 185.86 256350021 MIM-RCTC 2013 Residual Fund 0258M0EE5 AMERICAN EXPRESS CREDIT CORP - 99,639.00 - - - - 83.69 172.31 99,895.00 721.11 256350021 MIM-RCTC 2013 Residual Fund 43357MR51 Hitachi Capital America Corp.274,923.00 - - (275,000.00) - - 84.03 (7.03) - - 256350021 MIM-RCTC 2013 Residual Fund 912828VV9 UNITED STATES TREASURY 49,836.00 - - - - - 84.16 196.84 50,117.00 355.13 256350021 MIM-RCTC 2013 Residual Fund 780082AC7 ROYAL BANK OF CANADA 99,289.00 - - - - - 104.47 654.53 100,048.00 449.17 256350021 MIM-RCTC 2013 Residual Fund 69353RFH6 PNC BANK NA - 249,005.00 - - - - 107.87 1,724.63 250,837.50 2,760.42 256350021 MIM-RCTC 2013 Residual Fund 50000ER89 Koch Industries, Inc.249,877.50 - - (250,000.00) - - 119.58 2.92 - - 35 Page 10 of 37 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended June 30, 2019 256350021 MIM-RCTC 2013 Residual Fund 084659AB7 BERKSHIRE HATHAWAY ENERGY CO - 249,475.00 - - - - 127.66 294.84 249,897.50 2,500.00 256350021 MIM-RCTC 2013 Residual Fund 69350BR81 PPG Industries, Inc.249,877.50 - - (250,000.00) - - 129.79 (7.29) - - 256350021 MIM-RCTC 2013 Residual Fund 02587AAJ3 AMXCA 171 A - 120,371.37 - - - - 132.11 249.68 120,753.16 103.79 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 39,459.20 - - - - - 140.44 106.76 39,706.40 75.82 256350021 MIM-RCTC 2013 Residual Fund 89114QAS7 TORONTO-DOMINION BANK 99,873.00 - - - - - 144.89 (17.89) 100,000.00 1,056.60 256350021 MIM-RCTC 2013 Residual Fund 65478HAD0 NAROT 17C A3 69,629.00 - - - - - 147.68 203.72 69,980.40 65.96 256350021 MIM-RCTC 2013 Residual Fund 375558BB8 GILEAD SCIENCES INC 99,868.00 - - - - - 148.16 277.84 100,294.00 850.00 256350021 MIM-RCTC 2013 Residual Fund 89114QAS7 TORONTO-DOMINION BANK 99,873.00 - - - - - 148.76 (21.76) 100,000.00 1,056.60 256350021 MIM-RCTC 2013 Residual Fund 40428HPN6 HSBC USA INC (NEW)99,747.00 - - - - - 158.05 67.95 99,973.00 316.67 256350021 MIM-RCTC 2013 Residual Fund 13607RAB6 CANADIAN IMPERIAL BANK OF COMMERCE 99,552.00 - - - - - 171.85 125.15 99,849.00 511.11 256350021 MIM-RCTC 2013 Residual Fund 07274MRA5 Bayerische Landesbank 279,823.60 - - (280,000.00) - - 178.50 (2.10) - - 256350021 MIM-RCTC 2013 Residual Fund 50000ES21 Koch Industries, Inc.- 449,538.75 (449,722.13) - - (1.12) 184.50 - - - 256350021 MIM-RCTC 2013 Residual Fund 06416CAC2 BANK OF NOVA SCOTIA 98,523.00 - - - - - 189.98 942.02 99,655.00 338.54 256350021 MIM-RCTC 2013 Residual Fund 38375CBH2 GNR 1257F LD 107,891.58 - - - (42,898.32) 244.87 190.96 (3.09) 65,426.00 68.41 256350021 MIM-RCTC 2013 Residual Fund 161571FK5 CHAIT 124 A 114,557.25 - - - - - 191.08 133.22 114,881.55 80.76 256350021 MIM-RCTC 2013 Residual Fund 07274MRA5 Bayerische Landesbank 299,811.00 - - (300,000.00) - - 192.00 (3.00) - - 256350021 MIM-RCTC 2013 Residual Fund 06367TPX2 BANK OF MONTREAL 99,681.00 - - - - - 200.00 7.00 99,888.00 110.83 256350021 MIM-RCTC 2013 Residual Fund 06367TPX2 BANK OF MONTREAL 99,681.00 - - - - - 202.39 4.61 99,888.00 110.83 256350021 MIM-RCTC 2013 Residual Fund 3136A5KR6 FNR 1231G AD 128,170.66 - - - (15,937.90) 208.00 206.01 307.48 112,954.25 165.82 256350021 MIM-RCTC 2013 Residual Fund 912828L57 UNITED STATES TREASURY 98,367.00 - - - - - 217.10 1,485.90 100,070.00 439.89 256350021 MIM-RCTC 2013 Residual Fund 0258M0EE5 AMERICAN EXPRESS CREDIT CORP 99,536.00 - - - - - 222.04 136.96 99,895.00 721.11 256350021 MIM-RCTC 2013 Residual Fund 02587AAJ3 AMXCA 171 A 99,392.00 - - - - - 227.57 176.43 99,796.00 85.78 256350021 MIM-RCTC 2013 Residual Fund 74456DRB3 Public Service Electric and Gas Company 319,776.00 - - (320,000.00) - - 240.89 (16.89) - - 256350021 MIM-RCTC 2013 Residual Fund 3138L2GH4 FN AM1999 90,609.39 - - - (587.69) 13.68 253.51 879.22 91,168.11 142.33 256350021 MIM-RCTC 2013 Residual Fund 05584PAD9 BMWLT 172 A3 149,430.00 - - - (5,723.74) 17.57 265.48 82.09 144,071.39 91.25 256350021 MIM-RCTC 2013 Residual Fund 26055BT53 The Dow Chemical Company - 249,730.21 - (250,000.00) - - 269.79 - - - 256350021 MIM-RCTC 2013 Residual Fund 17401QAN1 Citizens Bk PA - 247,950.00 - - - - 271.38 1,291.12 249,512.50 953.13 256350021 MIM-RCTC 2013 Residual Fund 780082AC7 ROYAL BANK OF CANADA 99,289.00 - - - - - 275.01 483.99 100,048.00 449.17 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 69,053.60 - - - - - 275.70 156.90 69,486.20 132.68 256350021 MIM-RCTC 2013 Residual Fund 34108BS63 Florida Power & Light Company - 319,699.56 - (320,000.00) - - 300.44 - - - 256350021 MIM-RCTC 2013 Residual Fund 912828B58 UNITED STATES TREASURY 264,099.00 - - - - - 301.73 1,810.32 266,211.05 2,348.95 256350021 MIM-RCTC 2013 Residual Fund 13607RAB6 CANADIAN IMPERIAL BANK OF COMMERCE 99,552.00 - - - - - 302.85 (5.85) 99,849.00 511.11 256350021 MIM-RCTC 2013 Residual Fund 97684HSG7 Wisconsin Public Service Corporation - 499,688.75 - (500,000.00) - - 311.25 - - - 256350021 MIM-RCTC 2013 Residual Fund 46640QU82 J.P. Morgan Securities LLC - 374,508.33 - - - - 319.59 (0.42) 374,827.50 - 256350021 MIM-RCTC 2013 Residual Fund 06416CAC2 BANK OF NOVA SCOTIA 98,523.00 - - - - - 325.26 806.74 99,655.00 338.54 256350021 MIM-RCTC 2013 Residual Fund 43814TAD4 HAROT 171 A4 198,316.00 - - - - - 347.80 1,092.20 199,756.00 113.89 256350021 MIM-RCTC 2013 Residual Fund 912796UY3 UNITED STATES TREASURY - 499,575.42 - (500,000.00) - - 424.58 - - - 256350021 MIM-RCTC 2013 Residual Fund 17275RBG6 CISCO SYSTEMS INC 149,172.00 - - - - - 434.77 70.73 149,677.50 589.17 256350021 MIM-RCTC 2013 Residual Fund 21201CS15 Continental Rubber of America, Corp.- 449,527.50 - (450,000.00) - - 472.50 - - - 256350021 MIM-RCTC 2013 Residual Fund 912828VV9 UNITED STATES TREASURY 458,491.20 - - - - - 476.03 2,109.17 461,076.40 3,267.19 256350021 MIM-RCTC 2013 Residual Fund 97684HU82 Wisconsin Public Service Corporation - 374,341.88 - - - - 480.93 4.69 374,827.50 - 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 133,174.80 - - - - - 491.46 342.84 134,009.10 255.88 256350021 MIM-RCTC 2013 Residual Fund 69350BUB0 PPG Industries, Inc.- 324,272.36 - - - - 492.92 20.22 324,785.50 - 256350021 MIM-RCTC 2013 Residual Fund 97684HS28 Wisconsin Public Service Corporation - 449,496.00 - (450,000.00) - - 504.00 - - - 256350021 MIM-RCTC 2013 Residual Fund 912828UH1 UNITED STATES TREASURY 32,338.96 - - - - - 516.40 164.59 33,019.94 19.15 256350021 MIM-RCTC 2013 Residual Fund 71112KS36 The Peoples Gas Light And Coke Company - 449,480.00 - (450,000.00) - - 520.00 - - - 256350021 MIM-RCTC 2013 Residual Fund 92780KS25 Virginia Electric and Power Company - 449,474.00 - (450,000.00) - - 526.00 - - - 256350021 MIM-RCTC 2013 Residual Fund 912828B58 UNITED STATES TREASURY 284,031.00 - - - - - 545.36 1,726.09 286,302.45 2,526.23 256350021 MIM-RCTC 2013 Residual Fund 06406FAB9 BANK OF NEW YORK MELLON CORP 197,408.00 - - - - - 600.26 1,587.74 199,596.00 660.56 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 197,296.00 - - - - - 670.16 565.84 198,532.00 379.08 256350021 MIM-RCTC 2013 Residual Fund 55279HAN0 MANUFACTURERS AND TRADERS TRUST CO 247,952.50 - - - - - 715.14 869.86 249,537.50 1,907.64 256350021 MIM-RCTC 2013 Residual Fund 69350BSA5 PPG Industries, Inc.- 324,268.75 - (325,000.00) - - 731.25 - - - 256350021 MIM-RCTC 2013 Residual Fund 69353RFC7 PNC BANK NA 248,395.00 - - - - - 737.88 202.12 249,335.00 583.33 256350021 MIM-RCTC 2013 Residual Fund 62479MS95 MUFG Bank, Ltd.- 499,236.11 - (500,000.00) - - 763.89 - - - 256350021 MIM-RCTC 2013 Residual Fund 26055BSD7 The Dow Chemical Company - 299,235.00 - (300,000.00) - - 765.00 - - - 256350021 MIM-RCTC 2013 Residual Fund 49327M2P8 KEYBANK NA 248,927.50 - - - - - 779.01 (11.51) 249,695.00 1,433.33 256350021 MIM-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY 232,732.25 - - - - - 785.15 345.20 233,862.60 7.18 256350021 MIM-RCTC 2013 Residual Fund 74456DS30 Public Service Electric and Gas Company - 649,186.60 - (650,000.00) - - 813.40 - - - 256350021 MIM-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY - 421,314.45 - - - - 918.06 710.49 422,943.00 12.99 256350021 MIM-RCTC 2013 Residual Fund 912828VV9 UNITED STATES TREASURY 548,196.00 - - - - - 993.98 2,097.02 551,287.00 3,906.42 256350021 MIM-RCTC 2013 Residual Fund 912828UH1 UNITED STATES TREASURY 64,677.92 - - - - - 1,068.45 293.52 66,039.89 38.30 256350021 MIM-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY 277,298.00 - - - - - 1,121.58 225.22 278,644.80 8.56 256350021 MIM-RCTC 2013 Residual Fund 69350BTA4 PPG Industries, Inc.- 498,850.42 - (500,000.00) - - 1,149.58 - - - 256350021 MIM-RCTC 2013 Residual Fund 92780KTC2 Virginia Electric and Power Company - 498,670.00 - (500,000.00) - - 1,330.00 - - - 256350021 MIM-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 473,510.40 - - - - - 1,982.82 983.58 476,476.80 909.78 256350021 MIM-RCTC 2013 Residual Fund 912828SA9 UNITED STATES TREASURY 198,561.64 - - - - - 3,263.52 93.33 201,918.49 117.17 16,354,150.75 29,613,336.81 (14,423,607.82) (10,120,000.00) (449,576.96) 4,441.31 27,878.26 56,217.83 21,062,840.18 95,008.87 256350023 MIM-Sr Lien Reserve Fund-1 31381Q6B7 FN 468066 188,707.54 - - - (853.95) (40.48) (1,046.10) 2,322.27 189,089.28 651.39 256350023 MIM-Sr Lien Reserve Fund-1 912828XB1 UNITED STATES TREASURY 1,187,484.00 - (226,977.54) - - (1,661.91) (732.73) 33,346.18 991,458.00 2,646.14 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 727,518.00 - - - - - (681.00) 6,499.10 733,336.10 6,470.68 256350023 MIM-Sr Lien Reserve Fund-1 3137B1U75 FHMS KS01 A2 377,195.60 - - - - - (671.32) 6,580.32 383,104.60 798.63 256350023 MIM-Sr Lien Reserve Fund-1 912828G38 UNITED STATES TREASURY 1,347,367.50 - - - - - (604.98) 34,665.48 1,381,428.00 3,879.42 256350023 MIM-Sr Lien Reserve Fund-1 3138EJPZ5 FN AL2239 273,754.12 - - - (1,673.33) (56.57) (503.09) 2,891.65 274,412.79 668.23 256350023 MIM-Sr Lien Reserve Fund-1 31381PEB0 FN 466430 252,566.92 - - - (1,213.59) (12.53) (437.16) 130.15 251,033.79 697.85 256350023 MIM-Sr Lien Reserve Fund-1 3137EADB2 FREDDIE MAC 200,556.00 - - - - - (351.60) 2,749.60 202,954.00 2,216.67 256350023 MIM-Sr Lien Reserve Fund-1 3136A7MN9 FNA 12M8 A2 294,216.81 - - - (7,476.32) (99.36) (314.95) 4,222.22 290,548.39 566.24 256350023 MIM-Sr Lien Reserve Fund-1 31381QB54 FN 467260 135,375.72 - - - (725.88) (11.65) (293.32) (482.67) 133,862.20 478.55 256350023 MIM-Sr Lien Reserve Fund-1 3137EADB2 FREDDIE MAC 200,556.00 - - - - - (268.97) 2,666.97 202,954.00 2,216.67 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 234,201.00 - - - - - (265.32) 2,138.27 236,073.95 2,083.03 256350023 MIM-Sr Lien Reserve Fund-1 31381T4E7 FN 470721 260,418.77 - - - (1,654.05) (34.28) (260.21) 3,844.70 262,314.94 574.32 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 99,660.00 - - - - - (249.02) 1,046.02 100,457.00 886.40 256350023 MIM-Sr Lien Reserve Fund-1 31381R5T7 FN 468958 133,251.30 - - - - - (247.09) 1,489.89 134,494.10 408.42 256350023 MIM-Sr Lien Reserve Fund-1 31417YKF3 FN MA0293 71,326.38 - - - (3,348.81) (165.41) (235.72) 1,540.77 69,117.21 243.47 256350023 MIM-Sr Lien Reserve Fund-1 36202F2H8 G2 005276 136,545.32 - - - (9,408.95) (307.68) (229.69) 1,721.88 128,320.89 313.78 256350023 MIM-Sr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 55,274.39 - - - (3,682.85) (51.46) (189.42) 705.39 52,056.05 128.70 36 Page 11 of 37 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended June 30, 2019 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 144,507.00 - - - - - (179.27) 1,334.92 145,662.65 1,285.27 256350023 MIM-Sr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 33,164.63 - - - (2,209.71) (55.72) (174.95) 509.38 31,233.63 77.22 256350023 MIM-Sr Lien Reserve Fund-1 38380AZ34 GNR 16147C DA 140,926.82 - - - (5,188.23) (125.82) (172.18) 1,993.77 137,434.36 337.26 256350023 MIM-Sr Lien Reserve Fund-1 3136AHAE0 FNA 13M14 APT 116,620.26 - - - (2,125.10) (33.94) (161.95) 1,597.17 115,896.44 257.01 256350023 MIM-Sr Lien Reserve Fund-1 38378DDC6 GNR 1216E GB 121,293.85 - - - (22,909.87) (84.42) (145.14) 280.63 98,435.05 286.20 256350023 MIM-Sr Lien Reserve Fund-1 912828VV9 UNITED STATES TREASURY 99,672.00 - - - - - (132.80) 694.80 100,234.00 710.26 256350023 MIM-Sr Lien Reserve Fund-1 3137AXHP1 FHMS K024 A2 140,018.20 - - - - - (118.24) 2,166.44 142,066.40 300.18 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 114,609.00 - - - - - (109.70) 1,026.25 115,525.55 1,019.35 256350023 MIM-Sr Lien Reserve Fund-1 3137AUPE3 FHMS K021 A2 143,352.00 - - - - - (100.81) 1,938.25 145,189.44 287.52 256350023 MIM-Sr Lien Reserve Fund-1 31417YKF3 FN MA0293 74,977.22 - - - (3,520.22) (144.80) (92.00) 1,434.77 72,654.97 255.93 256350023 MIM-Sr Lien Reserve Fund-1 31381SVJ8 FN 469617 109,228.41 - - - (682.56) (3.15) (90.25) 1,041.71 109,494.16 296.81 256350023 MIM-Sr Lien Reserve Fund-1 38376T5Z1 GNR 104A PD 76,528.39 - - - (4,784.37) (144.47) (69.50) 1,017.93 72,547.98 177.82 256350023 MIM-Sr Lien Reserve Fund-1 38376GB33 GNR 116 BA 121,405.41 - - - (5,039.48) (20.03) (68.79) 216.92 116,494.03 339.09 256350023 MIM-Sr Lien Reserve Fund-1 38378AWX5 GNR 11157E QA 83,443.76 - - - (10,802.58) (32.32) (66.78) 303.35 72,845.44 181.14 256350023 MIM-Sr Lien Reserve Fund-1 3137B4HD1 FHR 4247A AK 51,321.39 - - - (4,041.75) (135.15) (52.99) 255.77 47,347.26 168.89 256350023 MIM-Sr Lien Reserve Fund-1 38376WA62 GNR 1015C PD 149,235.39 - - - (10,471.40) (182.90) (52.97) 1,204.66 139,732.78 446.02 256350023 MIM-Sr Lien Reserve Fund-1 31398QTP2 FHR 3747C HW 74,915.94 - - - (11,183.24) (116.36) (45.36) (165.11) 63,405.87 235.31 256350023 MIM-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 49,830.00 - - - - - (44.20) 442.70 50,228.50 443.20 256350023 MIM-Sr Lien Reserve Fund-1 38377RSZ9 GNR 10162D PQ 42,030.86 - - - (6,943.05) (84.62) (40.91) 13.50 34,975.78 129.53 256350023 MIM-Sr Lien Reserve Fund-1 3137AJMF8 FHMS K016 A2 29,718.09 - - - (972.40) (11.91) (38.70) 332.60 29,027.68 70.56 256350023 MIM-Sr Lien Reserve Fund-1 3137F4D41 FHMS K074 A2 - 31,502.34 - - - - (38.52) 1,073.58 32,537.40 90.00 256350023 MIM-Sr Lien Reserve Fund-1 38376WA62 GNR 1015C PD 37,154.04 - - - (2,606.99) (167.00) (38.01) 446.21 34,788.24 111.04 256350023 MIM-Sr Lien Reserve Fund-1 3138NJAE8 FN FN0004 19,352.23 - - - (1,147.43) (11.65) (31.25) (293.61) 17,868.29 54.11 256350023 MIM-Sr Lien Reserve Fund-1 38378XP62 GNR 14166 PL 263,495.85 - - - (10,986.21) (109.42) (29.22) 6,199.59 258,570.58 547.24 256350023 MIM-Sr Lien Reserve Fund-1 31381N7G2 FN 466295 18,242.17 - - - (100.73) (0.49) (22.01) 38.53 18,157.47 49.09 256350023 MIM-Sr Lien Reserve Fund-1 38375KCX8 GNR 0726C MA 23,645.09 - - - (22,726.55) (15.18) (21.95) (0.00) 881.41 4.04 256350023 MIM-Sr Lien Reserve Fund-1 38375XCM4 GNR 0847B PC - 74,581.60 - - (2,409.28) (68.98) (20.77) 391.72 72,474.28 292.16 256350023 MIM-Sr Lien Reserve Fund-1 38376WA62 GNR 1015C PD 36,328.39 - - - (2,549.05) (84.91) (18.10) 338.84 34,015.17 108.57 256350023 MIM-Sr Lien Reserve Fund-1 38378CDK0 GNR 11169G AK 20,423.22 - - - (3,761.27) (7.18) (15.67) 48.76 16,687.86 41.62 256350023 MIM-Sr Lien Reserve Fund-1 3137A5FP4 FHR 3791E DA 56,958.33 - - - (5,184.81) (6.25) (14.82) 300.15 52,052.60 108.20 256350023 MIM-Sr Lien Reserve Fund-1 3136ADFF1 FNR 1336D KC - 144,649.65 - - - - (14.02) 328.81 144,964.44 183.45 256350023 MIM-Sr Lien Reserve Fund-1 38379HLE3 GNR 14184H WK 116,604.28 - - - (5,327.41) 8.76 (10.13) 556.43 111,831.93 318.37 256350023 MIM-Sr Lien Reserve Fund-1 3137F4D41 FHMS K074 A2 - 5,212.50 - - - - (5.48) 215.88 5,422.90 15.00 256350023 MIM-Sr Lien Reserve Fund-1 62888VAA6 NGN 10R1 1A 109,915.67 - - - (10,582.19) (3.07) (5.37) (52.73) 99,272.31 200.80 256350023 MIM-Sr Lien Reserve Fund-1 31418AU48 FN MA1502 - 64,718.29 - - (2,402.94) 10.03 (4.81) 889.09 63,209.66 130.38 256350023 MIM-Sr Lien Reserve Fund-1 36202F2H8 G2 005276 32,560.80 - - - (2,243.67) (1.40) (4.54) 288.40 30,599.59 74.82 256350023 MIM-Sr Lien Reserve Fund-1 38377RSZ9 GNR 10162D PQ 10,661.49 - - - (1,761.17) (34.96) (4.30) 10.84 8,871.91 32.86 256350023 MIM-Sr Lien Reserve Fund-1 38378TAF7 GNR 1371A GA 123,744.77 - - - (7,650.49) 7.32 (4.05) 1,330.14 117,427.68 242.71 256350023 MIM-Sr Lien Reserve Fund-1 38377LQT8 GNR 10128D KE 14,701.32 - - - (6,472.55) 6.95 (3.64) (3.40) 8,228.67 20.58 256350023 MIM-Sr Lien Reserve Fund-1 3137ATRW4 FHMS K020 A2 124,393.75 - - - - - (1.76) 1,504.26 125,896.25 247.19 256350023 MIM-Sr Lien Reserve Fund-1 38377LQT8 GNR 10128D KE 4,573.74 - - - (2,013.68) 2.70 (0.62) (2.12) 2,560.03 6.40 256350023 MIM-Sr Lien Reserve Fund-1 31395EZP5 FHR 2835G MD 615.29 - - - (614.04) (1.12) (0.16) 0.03 - - 256350023 MIM-Sr Lien Reserve Fund-1 31846V401 FIRST AMER:GVT OBLG D 31,571.29 1,450,140.19 (1,158,920.30) - - - - - 322,791.18 - 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Cash - - - - - - - - (231,218.46) - 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Payable - - - - - - - - (211,593.75) - 256350023 MIM-Sr Lien Reserve Fund-1 CCYUSD Receivable 12,294.80 - - - - - - - 728.94 - 256350023 MIM-Sr Lien Reserve Fund-1 3137FBAJ5 FHMS KIR3 A2 - 211,593.75 - - - - - (729.75) 210,864.00 - 256350023 MIM-Sr Lien Reserve Fund-1 38377F2N0 GNR 1073E LN 5,116.43 - - - (5,043.70) 10.09 0.60 (5.44) 77.97 0.20 256350023 MIM-Sr Lien Reserve Fund-1 3138L33G8 FN AM3498 99,124.00 - - - - - 0.64 531.36 99,656.00 167.50 256350023 MIM-Sr Lien Reserve Fund-1 3137A5FP4 FHR 3791E DA 38,291.31 - - - (3,485.59) 10.29 5.01 172.32 34,993.34 72.74 256350023 MIM-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 14,118.90 - - - (131.59) 1.24 5.44 286.88 14,280.87 17.36 256350023 MIM-Sr Lien Reserve Fund-1 38378KXW4 GNR 13105 A 107,711.77 - - - (8,435.85) 17.34 7.67 1,724.01 101,024.94 144.99 256350023 MIM-Sr Lien Reserve Fund-1 3137B5A60 FHR 4257G EK 27,071.16 - - - (2,179.28) 24.68 8.62 260.59 25,185.78 52.27 256350023 MIM-Sr Lien Reserve Fund-1 3620ARB67 GN 737261 - 123,379.85 - - - - 18.19 148.92 123,546.96 396.82 256350023 MIM-Sr Lien Reserve Fund-1 3138EKXL4 FN AL3382 14,841.42 - - - (979.45) 32.06 18.61 98.44 14,011.09 27.29 256350023 MIM-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 52,945.87 - - - (493.47) 5.72 21.75 1,073.39 53,553.25 65.11 256350023 MIM-Sr Lien Reserve Fund-1 3138EKXL4 FN AL3382 18,551.78 - - - (1,224.31) 33.23 22.83 130.34 17,513.87 34.11 256350023 MIM-Sr Lien Reserve Fund-1 38377JZ89 GNR 10117A GK 49,995.26 - - - (3,466.41) (73.13) 22.86 413.93 46,892.51 133.34 256350023 MIM-Sr Lien Reserve Fund-1 38378HXH4 GNR 12119 KB 17,904.50 0.17 - - (1,302.51) 39.02 23.11 (191.80) 16,472.49 17.54 256350023 MIM-Sr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 20,881.43 - - - (1,391.30) 19.77 26.82 128.89 19,665.62 48.62 256350023 MIM-Sr Lien Reserve Fund-1 3138L1W62 FN AM1568 165,647.21 - - - (764.88) 4.49 28.78 (20.79) 164,894.80 344.65 256350023 MIM-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A - 35,004.86 - - (109.93) 6.78 31.50 768.96 35,702.17 43.40 256350023 MIM-Sr Lien Reserve Fund-1 912828L99 UNITED STATES TREASURY 147,732.00 - - - - - 38.22 1,257.78 149,028.00 347.49 256350023 MIM-Sr Lien Reserve Fund-1 3136AC7J4 FNA 13M6 2A 50,720.33 - - - (598.50) 7.46 41.34 812.03 50,982.66 109.10 256350023 MIM-Sr Lien Reserve Fund-1 38378B6A2 GNR 1312A AB 105,683.37 - - - (675.36) 11.79 50.24 2,971.05 108,041.09 172.06 256350023 MIM-Sr Lien Reserve Fund-1 3137ASNH3 FHMS K019 A1 64,908.69 - - - (31,894.97) 132.01 55.95 169.83 33,371.51 40.74 256350023 MIM-Sr Lien Reserve Fund-1 38378KSL4 GNR 1374 AL 208,100.25 - - - - - 57.37 10,276.88 218,434.50 527.71 256350023 MIM-Sr Lien Reserve Fund-1 38379KDN5 GNR 1529 AD 142,568.06 - - - (732.21) 8.32 94.19 3,983.39 145,921.74 266.22 256350023 MIM-Sr Lien Reserve Fund-1 38378B7F0 GNR 1333 B 183,350.00 - - - - - 103.44 7,430.56 190,884.00 378.83 256350023 MIM-Sr Lien Reserve Fund-1 38375CBH2 GNR 1257F LD 61,501.41 - - - (24,453.31) 139.57 108.86 (1.76) 37,294.76 39.00 256350023 MIM-Sr Lien Reserve Fund-1 38378KSL4 GNR 1374 AL 184,978.00 - - - - - 120.85 9,065.15 194,164.00 469.08 256350023 MIM-Sr Lien Reserve Fund-1 3136A5KR6 FNR 1231G AD 83,436.58 - - - (10,375.25) 135.40 134.11 200.16 73,531.00 107.95 256350023 MIM-Sr Lien Reserve Fund-1 38377JM59 GNR 10111F PE 85,949.43 - - - (6,137.14) 146.79 166.90 693.70 80,819.67 169.01 256350023 MIM-Sr Lien Reserve Fund-1 912828XB1 UNITED STATES TREASURY 148,435.50 - - - - - 176.36 3,920.14 152,532.00 407.10 256350023 MIM-Sr Lien Reserve Fund-1 3137EADR7 FREDDIE MAC 469,618.25 - - - - - 178.40 2,491.10 472,287.75 1,088.54 256350023 MIM-Sr Lien Reserve Fund-1 38378CRT6 GNR 1213E EG 49,009.12 - - - (2,680.37) 76.53 180.74 672.94 47,258.97 78.51 256350023 MIM-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 52,945.86 - - - (493.47) 29.38 200.11 871.36 53,553.25 65.11 256350023 MIM-Sr Lien Reserve Fund-1 912828L57 UNITED STATES TREASURY 541,018.50 - - - - - 207.47 9,159.03 550,385.00 2,419.40 256350023 MIM-Sr Lien Reserve Fund-1 3137ATRW4 FHMS K020 A2 156,348.02 - - - - - 221.67 1,666.79 158,236.48 310.69 256350023 MIM-Sr Lien Reserve Fund-1 3138EKXL4 FN AL3382 241,173.14 - - - (15,916.02) 136.15 249.00 2,038.01 227,680.27 443.41 256350023 MIM-Sr Lien Reserve Fund-1 38378KRS0 GNR 1378 AG 423,288.00 - - - - - 289.29 13,746.21 437,323.50 895.72 256350023 MIM-Sr Lien Reserve Fund-1 38378B7F0 GNR 1333 B 229,187.50 - - - - - 306.56 9,110.94 238,605.00 473.54 256350023 MIM-Sr Lien Reserve Fund-1 3135G0D75 FEDERAL NATIONAL MORTGAGE ASSOCIATION 593,544.00 - - - - - 324.94 3,071.06 596,940.00 225.00 256350023 MIM-Sr Lien Reserve Fund-1 38378VC45 GNR 13116D MA 151,194.39 - - - (8,425.96) 294.41 341.13 1,420.62 144,824.60 272.87 256350023 MIM-Sr Lien Reserve Fund-1 3134G9V38 FEDERAL HOME LOAN MORTGAGE CORP 248,007.50 - - - - - 408.77 826.23 249,242.50 1,604.17 256350023 MIM-Sr Lien Reserve Fund-1 912828L57 UNITED STATES TREASURY 836,119.50 - - - - - 411.21 14,064.29 850,595.00 3,739.07 37 Page 12 of 37 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended June 30, 2019 256350023 MIM-Sr Lien Reserve Fund-1 3137AUPE3 FHMS K021 A2 233,942.50 - - - - - 421.92 2,576.68 236,941.10 469.22 256350023 MIM-Sr Lien Reserve Fund-1 3136A72D3 FNA 12M9 A2 296,321.51 - - - (8,019.59) 120.23 462.32 2,885.46 291,769.93 598.59 256350023 MIM-Sr Lien Reserve Fund-1 9128285W6 UNITED STATES TREASURY - 103,578.15 - - - - 628.74 2,299.55 106,506.44 408.46 256350023 MIM-Sr Lien Reserve Fund-1 3137EADB2 FREDDIE MAC 551,529.00 - - - - - 636.36 5,958.14 558,123.50 6,095.83 256350023 MIM-Sr Lien Reserve Fund-1 912828L99 UNITED STATES TREASURY 1,083,368.00 - (446,923.83) - - (1,516.93) 685.07 10,175.70 645,788.00 1,505.77 256350023 MIM-Sr Lien Reserve Fund-1 912828V49 UNITED STATES TREASURY 56,785.12 - - - - - 852.30 934.51 58,571.93 100.64 256350023 MIM-Sr Lien Reserve Fund-1 912828SA9 UNITED STATES TREASURY 182,014.84 - - - - - 2,715.09 362.02 185,091.95 107.41 256350023 MIM-Sr Lien Reserve Fund-1 912828UH1 UNITED STATES TREASURY 188,643.94 - - - - - 3,012.31 960.09 192,616.34 111.71 256350023 MIM-Sr Lien Reserve Fund-1 912828V49 UNITED STATES TREASURY 232,302.78 - - - - - 3,592.03 3,717.64 239,612.45 411.71 256350023 MIM-Sr Lien Reserve Fund-1 912828SA9 UNITED STATES TREASURY 275,780.06 - - - - - 4,135.72 526.57 280,442.35 162.74 18,341,716.69 2,244,361.35 (1,832,821.67) - (350,862.57) (4,240.10) 12,003.01 274,432.12 18,230,210.75 62,300.08 34,695,867.44 71,913,201.53 (31,302,268.10)(10,120,000.00)(825,830.84)212.99 42,570.75 342,841.64 59,268,614.72 214,524.96 38 39 *Negative cash reflects securities in transit at month end 91 CIP STAMP Portfolio Summary of Investments for quarter ended June 30, 2019 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 5 40 41 *Negative cash reflects securities in transit at month end 91 CIP STAMP Portfolio Series A & Series B Reserve Fund Summary of Investments for quarter ended June 30, 2019 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 6 42 43 *Negative cash reflects securities in transit at month end 91 CIP STAMP Portfolio Residual Fund Required Retained Balance Summary of Investments for quarter ended June 30, 2019 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 7 44 45 *Negative cash reflects securities in transit at month end 91 CIP STAMP Portfolio TIFIA Reserve Fund Summary of Investments for quarter ended June 30, 2019 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 8 46 47 Page 17 of 37 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 240907004 MIM-RCTC Toll Revenue: - I-15 3130ABQH2 Agency Federal Home Loan Banks Office of Finance 07/05/2019 03/22/2019 1,500,000.00 1,500,112.50 ---1,500,030.00 25.59 2.435 2.319 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3135G0U68 Agency Federal National Mortgage Association, Inc.10/30/2019 10/25/2018 375,000.00 375,000.00 ---375,082.50 82.50 2.570 2.423 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3134GTAE3 Agency Freddie Mac 09/27/2021 04/30/2019 1,000,000.00 1,000,300.00 09/27/2019 1,001,220.00 1,042.82 2.700 2.189 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3134GTBJ1 Agency Freddie Mac 04/01/2021 06/11/2019 2,500,000.00 2,500,115.00 ---2,500,000.00 0.00 2.600 2.584 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3130AG5X9 Agency Federal Home Loan Banks Office of Finance 10/09/2020 06/13/2019 1,700,000.00 1,701,020.00 10/09/2019 1,701,241.00 369.21 2.520 2.246 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3130AGE68 Agency Federal Home Loan Banks Office of Finance 11/09/2021 05/08/2019 2,000,000.00 1,999,500.00 08/09/2019 2,000,580.00 1,051.94 2.625 2.536 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3130AGHC2 Agency Federal Home Loan Banks Office of Finance 05/28/2020 05/21/2019 2,000,000.00 2,000,000.00 08/28/2019 2,001,560.00 1,560.00 2.510 2.316 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AECJ7 Agency Federal Home Loan Banks Office of Finance 05/28/2020 07/03/2018 350,000.00 350,150.50 ---351,858.50 1,782.39 2.625 2.036 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3134GTAE3 Agency Freddie Mac 09/27/2021 04/30/2019 175,000.00 175,052.50 09/27/2019 175,213.50 182.49 2.700 2.189 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3134GTBJ1 Agency Freddie Mac 04/01/2021 03/29/2019 125,000.00 124,987.50 ---125,000.00 10.97 2.600 2.584 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AGHC2 Agency Federal Home Loan Banks Office of Finance 05/28/2020 05/21/2019 100,000.00 100,000.00 08/28/2019 100,078.00 78.00 2.510 2.316 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AH6C7 Agency CMO Federal Home Loan Mortgage Corporation 07/25/2021 11/29/2018 100,000.00 100,179.69 ---101,994.00 1,854.26 3.230 2.061 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AJMF8 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2021 11/29/2018 95,106.93 94,791.15 ---96,758.94 1,952.70 2.968 2.032 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375XCM4 Agency CMO Government National Mortgage Association 11/16/2037 05/14/2019 30,877.78 31,752.26 ---31,915.28 172.50 5.000 2.917 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 383742C76 Agency CMO Government National Mortgage Association 08/16/2037 01/31/2018 70,685.97 72,453.12 ---72,747.88 719.41 4.000 2.557 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375JCJ2 Agency CMO Government National Mortgage Association 12/16/2037 01/31/2018 10,280.76 10,312.89 ---10,283.33 (0.91)5.305 3.297 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378BXQ7 Agency CMO Government National Mortgage Association 01/16/2036 06/17/2019 19,603.37 19,407.34 ---19,418.91 16.24 1.537 3.259 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YPU9 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 12/20/2038 05/10/2019 30,700.70 30,489.64 ---30,675.22 181.06 2.500 2.467 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ATRW4 Agency CMO Federal Home Loan Mortgage Corporation 05/25/2022 09/26/2018 100,000.00 97,238.28 ---100,717.00 2,948.73 2.373 2.056 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ASR97 Agency CMO Federal Home Loan Mortgage Corporation 01/25/2022 02/27/2018 28,040.41 27,409.50 ---27,827.30 235.49 1.573 2.060 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31397QWZ7 Agency CMO Federal National Mortgage Association, Inc.09/25/2029 09/28/2018 53,612.04 54,081.15 ---53,999.12 257.58 4.000 2.682 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378HXH4 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 09/16/2027 03/08/2019 7,652.17 7,254.55 ---7,487.50 217.21 1.250 2.184 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375KCX8 Agency CMO Government National Mortgage Association 01/20/2037 09/18/2018 2,899.38 2,920.67 ---2,896.07 (3.31)5.500 2.623 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31392J6N4 Agency CMO Federal National Mortgage Association, Inc.04/25/2023 12/05/2017 413,671.06 450,024.83 ---429,568.44 (10,692.78)5.500 2.678 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377F2N0 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 06/20/2038 09/28/2018 390.33 389.65 ---389.86 (0.47)3.000 2.383 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B84S3 Agency CMO Federal Home Loan Mortgage Corporation 02/15/2029 01/31/2018 107,257.07 105,916.35 ---107,109.05 927.53 2.000 2.042 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137A5FP4 Agency CMO Federal Home Loan Mortgage Corporation 01/15/2021 01/30/2018 53,245.05 53,378.16 ---53,364.85 66.26 2.500 2.212 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375CBH2 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 03/16/2035 03/19/2019 16,622.99 16,521.70 ---16,560.49 1.90 1.250 2.895 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31398N2K9 Agency CMO Federal National Mortgage Association, Inc.11/25/2025 01/31/2018 484.85 486.67 ---484.22 (0.61)3.500 2.841 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378CDK0 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 03/20/2035 01/30/2018 69,914.22 70,558.74 ---70,089.00 (46.46)3.000 2.390 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378AWX5 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 01/20/2036 01/30/2018 120,760.58 121,930.44 ---121,409.06 99.80 3.000 2.321 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378DDC6 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 04/20/2038 06/20/2018 58,874.99 59,272.85 ---59,061.03 35.49 3.500 2.772 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376PJ35 Agency CMO Government National Mortgage Association 05/16/2037 10/30/2018 27,617.24 27,712.17 ---27,621.93 13.58 4.000 2.804 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38379HLE3 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 05/20/2043 10/18/2018 77,967.42 77,857.78 ---79,879.96 2,047.94 3.500 2.445 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378VC45 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 12/16/2041 11/23/2018 65,237.78 62,883.10 ---64,921.37 1,824.10 2.250 2.391 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377JM59 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 10/20/2039 11/21/2018 36,447.32 35,536.15 ---36,310.28 669.02 2.500 2.618 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ARBX3 Agency CMO Federal Home Loan Mortgage Corporation 03/15/2039 03/14/2019 44,063.26 43,436.74 ---43,961.04 514.91 2.744 2.854 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YFF3 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 03/20/2039 06/03/2019 10,501.32 10,580.07 ---10,639.20 61.55 4.000 2.561 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3137B2GW4 Agency MBS Federal Home Loan Mortgage Corporation 03/25/2020 06/29/2018 578,536.82 574,785.37 ---577,535.95 934.59 2.313 2.359 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31283K5N4 Agency MBS Federal Home Loan Mortgage Corporation 08/01/2020 12/05/2017 295,680.05 302,339.95 ---302,666.97 (992.29)5.000 -0.291 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620A9WV9 Agency MBS Government National Mortgage Association 12/15/2024 05/23/2018 12,195.56 12,462.34 ---12,618.50 199.41 4.000 2.151 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138NJAE8 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 09/13/2018 31,797.32 32,164.99 ---31,765.84 (345.68)3.630 3.885 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381N7G2 Agency MBS Federal National Mortgage Association, Inc.10/01/2020 09/25/2018 36,025.66 36,157.95 ---36,314.95 145.56 3.270 2.346 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381RLL6 Agency MBS Federal National Mortgage Association, Inc.07/01/2021 11/02/2018 45,471.58 46,146.56 ---46,753.43 778.20 3.840 2.090 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381SVJ8 Agency MBS Federal National Mortgage Association, Inc.11/01/2021 02/22/2019 42,784.11 42,998.03 ---43,797.67 842.99 3.330 2.198 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AC7J4 Agency MBS Federal National Mortgage Association, Inc.03/25/2023 02/21/2018 41,846.97 41,158.78 ---42,485.55 1,142.40 2.607 2.113 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418AU48 Agency MBS Federal National Mortgage Association, Inc.07/01/2023 05/21/2019 27,701.30 27,586.61 ---27,978.04 393.52 2.500 1.789 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1U75 Agency MBS Federal Home Loan Mortgage Corporation 01/25/2023 02/27/2018 120,000.00 117,965.63 ---120,980.40 2,471.38 2.522 2.185 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378KWU9 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 11/16/2041 05/03/2019 37,203.71 34,901.73 ---35,702.17 768.96 1.400 3.355 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B3NW4 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 09/26/2018 88,910.93 88,146.86 ---89,767.14 1,550.50 2.778 2.079 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378KW47 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 08/16/2035 06/13/2019 60,864.98 60,522.62 ---60,556.39 37.24 2.150 2.699 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AXHN6 Agency MBS Federal Home Loan Mortgage Corporation 02/25/2022 01/25/2018 63,872.01 62,993.77 ---63,524.55 291.56 1.749 2.075 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418ASD1 Agency MBS Federal National Mortgage Association, Inc.04/01/2023 01/31/2018 61,122.51 60,528.89 ---60,922.64 327.69 2.000 2.134 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AMM48 Agency MBS Federal National Mortgage Association, Inc.07/25/2022 09/26/2018 87,882.73 86,569.36 ---88,594.58 1,793.14 2.509 2.111 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1UF7 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 01/25/2018 33,172.07 32,684.86 ---33,017.16 209.99 1.785 2.022 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 05/23/2018 26,190.08 26,812.10 ---27,180.32 474.58 4.000 2.063 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A96F0 Agency MBS Federal National Mortgage Association, Inc.11/25/2022 02/27/2018 63,513.02 61,560.49 ---63,695.30 1,601.34 2.184 2.072 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137FGZN8 Agency MBS Federal Home Loan Mortgage Corporation Multi Class Mortgage Participation Certificate Agre 02/25/2023 06/18/2019 50,236.01 50,212.46 ---50,134.03 (79.00)2.681 2.850 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381QB54 Agency MBS Federal National Mortgage Association, Inc.03/01/2021 11/07/2018 56,427.55 57,595.78 ---58,006.96 748.03 4.410 2.293 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 161571HJ6 Asset Backed Chase Issuance Trust 01/15/2020 03/23/2018 500,000.00 501,347.66 ---500,575.00 (182.95)2.694 2.508 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 06/29/2018 650,000.00 640,351.56 ---648,674.00 2,471.22 1.930 2.262 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 58769DAD2 Asset Backed Mercedes-Benz Auto Lease Trust 2017-A 03/16/2020 ---90,961.80 91,026.30 ---90,921.78 (34.38)1.790 2.738 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65479AAD4 Asset Backed Nissan Auto Lease Trust 2017-A 04/15/2020 01/25/2018 306,058.67 304,659.88 ---305,902.58 (28.59)1.910 2.406 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65478GAC4 Asset Backed Nissan Auto Receivables 2017-B Owner Trust 05/15/2020 06/29/2018 2,827.65 2,827.10 ---2,827.71 0.04 2.494 2.488 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 600,000.00 596,906.25 ---603,132.00 4,848.55 2.650 2.223 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 47789JAB2 Asset Backed John Deere Owner Trust 2019 10/15/2021 03/05/2019 530,000.00 529,975.83 ---533,121.70 3,139.47 2.850 2.160 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65479PAA7 Asset Backed Nissan Auto Lease Trust, 2019-A 04/15/2020 04/09/2019 462,979.20 462,979.20 ---463,113.46 134.26 2.599 2.512 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 31680YAA5 Asset Backed Fifth Third Auto Trust 2019-1 05/15/2020 04/30/2019 323,664.66 323,664.66 ---323,726.15 61.50 2.576 2.570 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 51500VCC1 CD Landesbank Hessen-Thuringen Girozentrale 07/08/2019 ---2,650,000.00 2,650,200.09 ---2,650,106.00 45.38 2.550 2.387 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65602VJW7 CD The Norinchukin Bank 07/03/2019 06/11/2019 1,500,000.00 1,500,135.59 ---1,500,030.00 17.67 2.570 2.411 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 89114MC70 CD The Toronto-Dominion Bank 07/09/2019 06/18/2019 1,500,000.00 1,500,120.50 ---1,500,075.00 29.10 2.570 2.393 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 62888VAA6 CMO NCUA Guaranteed Notes Trust 2011-R1 10/07/2020 01/22/2019 381,546.65 381,680.80 ---382,130.42 483.86 2.917 2.687 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 62888UAB6 CMO NCUA Guaranteed Notes Trust 2010-R2 11/05/2020 03/15/2019 254,574.32 254,952.21 ---254,760.16 (126.22)2.937 2.345 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 62888VAA6 CMO NCUA Guaranteed Notes Trust 2011-R1 10/07/2020 ---92,331.57 92,457.60 ---92,472.84 75.56 2.917 2.687 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 38141EA58 Corporate The Goldman Sachs Group, Inc.03/15/2020 07/26/2017 500,000.00 540,800.00 ---510,290.00 (1,013.35)5.375 2.444 A 240907004 MIM-RCTC Toll Revenue: - I-15 89114QAS7 Corporate The Toronto-Dominion Bank 07/02/2019 07/27/2017 1,000,000.00 1,007,670.00 ---1,000,000.00 (11.31)2.125 2.103 AA 240907004 MIM-RCTC Toll Revenue: - I-15 90261XHE5 Corporate UBS AG 08/14/2019 07/25/2017 850,000.00 857,505.50 ---849,881.00 (578.66)2.375 2.463 AA 240907004 MIM-RCTC Toll Revenue: - I-15 06416CAA6 Corporate The Bank of Nova Scotia 09/11/2019 10/04/2018 1,525,000.00 1,514,645.25 ---1,524,329.00 1,535.79 2.125 2.328 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 40428HPN6 Corporate HSBC USA Inc.11/13/2019 07/26/2017 1,000,000.00 1,010,720.00 ---999,730.00 (2,040.42)2.375 2.440 A 240907004 MIM-RCTC Toll Revenue: - I-15 17401QAB7 Corporate Citizens Bank, National Association 12/04/2019 07/26/2017 1,000,000.00 1,008,450.00 11/04/2019 999,950.00 (1,373.06)2.450 2.458 A 240907004 MIM-RCTC Toll Revenue: - I-15 46625HKA7 Corporate JPMorgan Chase & Co.01/23/2020 07/25/2017 500,000.00 503,005.00 12/23/2019 499,845.00 (771.41)2.250 2.304 A 240907004 MIM-RCTC Toll Revenue: - I-15 61747YDW2 Corporate Morgan Stanley 01/27/2020 07/25/2017 500,000.00 506,130.00 ---500,570.00 (879.50)2.650 2.449 A 240907004 MIM-RCTC Toll Revenue: - I-15 780082AA1 Corporate Royal Bank of Canada 02/05/2020 07/26/2017 1,500,000.00 1,497,390.00 ---1,496,190.00 (3,173.52)1.875 2.300 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 172967JJ1 Corporate Citigroup Inc.02/18/2020 07/25/2017 500,000.00 503,600.00 ---500,000.00 (919.52)2.400 2.398 A 240907004 MIM-RCTC Toll Revenue: - I-15 06051GFN4 Corporate Bank of America Corporation 04/21/2020 12/04/2017 1,000,000.00 997,850.00 ---999,830.00 568.16 2.250 2.269 A 240907004 MIM-RCTC Toll Revenue: - I-15 49327M2P8 Corporate KeyBank National Association 08/22/2019 07/24/2017 1,000,000.00 995,550.00 ---998,780.00 (901.84)1.600 2.403 A 240907004 MIM-RCTC Toll Revenue: - I-15 24422ETJ8 Corporate John Deere Capital Corporation 10/09/2019 07/26/2017 1,125,000.00 1,114,650.00 ---1,122,108.75 (1,568.62)1.250 2.166 A 240907004 MIM-RCTC Toll Revenue: - I-15 17275RBG6 Corporate Cisco Systems, Inc.09/20/2019 06/29/2018 1,050,000.00 1,035,184.50 ---1,047,742.50 451.48 1.400 2.340 AA 240907004 MIM-RCTC Toll Revenue: - I-15 06367TPX2 Corporate Bank of Montreal 12/12/2019 07/26/2017 1,000,000.00 1,005,160.00 ---998,880.00 (2,126.47)2.100 2.346 AA 240907004 MIM-RCTC Toll Revenue: - I-15 14912L6Y2 Corporate Caterpillar Financial Services Corporation 01/10/2020 07/26/2017 1,000,000.00 1,008,020.00 ---998,880.00 (2,889.83)2.100 2.312 A 2017 Financing STAMP Portfolio by Investment Category for quarter ended June 30, 2019 ATTACHMENT 9 48 Page 18 of 37 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 2017 Financing STAMP Portfolio by Investment Category for quarter ended June 30, 2019 240907004 MIM-RCTC Toll Revenue: - I-15 0258M0EE5 Corporate American Express Credit Corporation 03/03/2020 07/25/2017 500,000.00 503,990.00 02/01/2020 499,475.00 (1,484.36)2.200 2.354 A 240907004 MIM-RCTC Toll Revenue: - I-15 46640QU82 CP J.P. Morgan Securities LLC 07/08/2019 06/18/2019 850,000.00 848,885.56 ---849,609.00 (0.95)0.000 1.656 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 02360SU89 CP Ameren Corporation 07/08/2019 06/05/2019 1,500,000.00 1,496,425.00 ---1,499,310.00 68.33 0.000 1.656 AA 240907004 MIM-RCTC Toll Revenue: - I-15 69350BUB0 CP PPG Industries, Inc.07/11/2019 06/10/2019 1,500,000.00 1,496,641.67 ---1,499,010.00 93.33 0.000 1.828 AA 240907004 MIM-RCTC Toll Revenue: - I-15 97684HU82 CP Wisconsin Public Service Corporation 07/08/2019 06/11/2019 1,500,000.00 1,497,367.50 ---1,499,310.00 18.75 0.000 1.656 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 78355BUP5 CP Ryder System, Inc.07/23/2019 06/21/2019 1,500,000.00 1,496,600.00 ---1,497,825.00 162.50 0.000 2.088 AA 240907004 MIM-RCTC Toll Revenue: - I-15 92780KUA4 CP Virginia Electric and Power Company 07/10/2019 06/24/2019 1,350,000.00 1,348,488.00 ---1,349,203.50 54.00 0.000 1.770 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 31846V203 MM Fund First American Funds, Inc.06/30/2019 ---0.00 314,888.54 ---314,888.54 0.00 2.010 1.980 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31846V203 MM Fund First American Funds, Inc.06/30/2019 ---0.00 61,060.21 ---61,060.21 0.00 2.010 1.980 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 70914PPD8 Muni Pennsylvania, Commonwealth of 07/15/2019 09/18/2018 305,000.00 308,080.50 07/15/2019 305,222.65 76.15 4.050 2.457 AA 240907004 MIM-RCTC Toll Revenue: - I-15 392274A89 Muni Greater Orlando Aviation Authority 10/01/2019 07/26/2017 700,000.00 724,094.00 ---701,911.00 (957.23)3.483 2.399 AA 240907004 MIM-RCTC Toll Revenue: - I-15 64972HV66 Muni New York City Transitional Finance Authority 07/15/2019 10/17/2018 665,000.00 664,507.90 ---665,172.90 199.10 2.900 2.318 AA 240907004 MIM-RCTC Toll Revenue: - I-15 459058GK3 Non-US Gov International Bank for Reconstruction and Development 08/21/2020 ---1,510,000.00 1,510,367.00 ---1,510,498.30 279.71 2.720 2.656 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828SA9 TIPS Treasury, United States Department of 01/15/2022 ---327,372.30 325,011.28 ---325,313.13 (548.23)0.125 0.372 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UH1 TIPS Treasury, United States Department of 01/15/2023 02/05/2018 83,019.75 81,949.14 ---82,549.86 299.69 0.125 0.285 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 912828UF5 US Gov Treasury, United States Department of 12/31/2019 06/29/2018 3,700,000.00 3,627,156.25 ---3,682,092.00 6,493.66 1.125 2.092 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 9128282T6 US Gov Treasury, United States Department of 08/31/2019 03/26/2019 2,000,000.00 1,989,687.50 ---1,996,560.00 592.45 1.250 2.234 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 912828Y53 US Gov Treasury, United States Department of 07/31/2020 ---6,050,000.00 6,051,328.49 ---6,043,587.00 (7,194.96)2.139 2.274 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 9128285H9 US Gov Treasury, United States Department of 10/31/2020 12/06/2018 5,300,000.00 5,299,852.27 ---5,292,209.00 (7,687.12)2.141 2.291 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UF5 US Gov Treasury, United States Department of 12/31/2019 ---435,000.00 426,695.70 ---432,894.60 427.82 1.125 2.092 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VA5 US Gov Treasury, United States Department of 04/30/2020 ---665,000.00 648,627.54 ---660,118.90 2,821.71 1.125 2.010 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VV9 US Gov Treasury, United States Department of 08/31/2020 ---775,000.00 766,685.54 ---776,813.50 6,593.44 2.125 1.921 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828B58 US Gov Treasury, United States Department of 01/31/2021 07/05/2018 320,000.00 316,212.50 ---321,462.40 3,823.39 2.125 1.832 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828F62 US Gov Treasury, United States Department of 10/31/2019 02/20/2019 700,000.00 695,132.81 ---698,551.00 898.63 1.500 2.109 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828Y53 US Gov Treasury, United States Department of 07/31/2020 ---525,000.00 525,025.13 ---524,443.50 (553.77)2.139 2.274 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 9128285H9 US Gov Treasury, United States Department of 10/31/2020 12/06/2018 500,000.00 499,986.06 ---499,265.00 (725.20)2.141 2.291 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 64986U4H7 VRDN New York State Housing Finance Agency 11/01/2048 07/02/2018 1,400,000.00 1,400,000.00 07/15/2019 1,400,000.00 0.00 2.400 2.400 AA 74,894,286.52 75,231,670.33 75,270,883.40 22,545.99 49 Page 19 of 37 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 240907004 MIM-RCTC Toll Revenue: - I-15 3130ABQH2 Agency Federal Home Loan Banks Office of Finance 07/05/2019 03/22/2019 1,500,000.00 1,500,112.50 ---1,500,030.00 25.59 2.435 2.319 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3135G0U68 Agency Federal National Mortgage Association, Inc.10/30/2019 10/25/2018 375,000.00 375,000.00 ---375,082.50 82.50 2.570 2.423 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3134GTAE3 Agency Freddie Mac 09/27/2021 04/30/2019 1,000,000.00 1,000,300.00 09/27/2019 1,001,220.00 1,042.82 2.700 2.189 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3134GTBJ1 Agency Freddie Mac 04/01/2021 06/11/2019 2,500,000.00 2,500,115.00 ---2,500,000.00 0.00 2.600 2.584 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3130AG5X9 Agency Federal Home Loan Banks Office of Finance 10/09/2020 06/13/2019 1,700,000.00 1,701,020.00 10/09/2019 1,701,241.00 369.21 2.520 2.246 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3130AGE68 Agency Federal Home Loan Banks Office of Finance 11/09/2021 05/08/2019 2,000,000.00 1,999,500.00 08/09/2019 2,000,580.00 1,051.94 2.625 2.536 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3130AGHC2 Agency Federal Home Loan Banks Office of Finance 05/28/2020 05/21/2019 2,000,000.00 2,000,000.00 08/28/2019 2,001,560.00 1,560.00 2.510 2.316 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 3137B2GW4 Agency MBS Federal Home Loan Mortgage Corporation 03/25/2020 06/29/2018 578,536.82 574,785.37 ---577,535.95 934.59 2.313 2.359 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 161571HJ6 Asset Backed Chase Issuance Trust 01/15/2020 03/23/2018 500,000.00 501,347.66 ---500,575.00 (182.95)2.694 2.508 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 06/29/2018 650,000.00 640,351.56 ---648,674.00 2,471.22 1.930 2.262 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 58769DAD2 Asset Backed Mercedes-Benz Auto Lease Trust 2017-A 03/16/2020 ---90,961.80 91,026.30 ---90,921.78 (34.38)1.790 2.738 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65479AAD4 Asset Backed Nissan Auto Lease Trust 2017-A 04/15/2020 01/25/2018 306,058.67 304,659.88 ---305,902.58 (28.59)1.910 2.406 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65478GAC4 Asset Backed Nissan Auto Receivables 2017-B Owner Trust 05/15/2020 06/29/2018 2,827.65 2,827.10 ---2,827.71 0.04 2.494 2.488 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 600,000.00 596,906.25 ---603,132.00 4,848.55 2.650 2.223 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 47789JAB2 Asset Backed John Deere Owner Trust 2019 10/15/2021 03/05/2019 530,000.00 529,975.83 ---533,121.70 3,139.47 2.850 2.160 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65479PAA7 Asset Backed Nissan Auto Lease Trust, 2019-A 04/15/2020 04/09/2019 462,979.20 462,979.20 ---463,113.46 134.26 2.599 2.512 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 31680YAA5 Asset Backed Fifth Third Auto Trust 2019-1 05/15/2020 04/30/2019 323,664.66 323,664.66 ---323,726.15 61.50 2.576 2.570 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 51500VCC1 CD Landesbank Hessen-Thuringen Girozentrale 07/08/2019 ---2,650,000.00 2,650,200.09 ---2,650,106.00 45.38 2.550 2.387 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 65602VJW7 CD The Norinchukin Bank 07/03/2019 06/11/2019 1,500,000.00 1,500,135.59 ---1,500,030.00 17.67 2.570 2.411 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 89114MC70 CD The Toronto-Dominion Bank 07/09/2019 06/18/2019 1,500,000.00 1,500,120.50 ---1,500,075.00 29.10 2.570 2.393 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 62888VAA6 CMO NCUA Guaranteed Notes Trust 2011-R1 10/07/2020 01/22/2019 381,546.65 381,680.80 ---382,130.42 483.86 2.917 2.687 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 62888UAB6 CMO NCUA Guaranteed Notes Trust 2010-R2 11/05/2020 03/15/2019 254,574.32 254,952.21 ---254,760.16 (126.22)2.937 2.345 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 38141EA58 Corporate The Goldman Sachs Group, Inc.03/15/2020 07/26/2017 500,000.00 540,800.00 ---510,290.00 (1,013.35)5.375 2.444 A 240907004 MIM-RCTC Toll Revenue: - I-15 89114QAS7 Corporate The Toronto-Dominion Bank 07/02/2019 07/27/2017 1,000,000.00 1,007,670.00 ---1,000,000.00 (11.31)2.125 2.103 AA 240907004 MIM-RCTC Toll Revenue: - I-15 90261XHE5 Corporate UBS AG 08/14/2019 07/25/2017 850,000.00 857,505.50 ---849,881.00 (578.66)2.375 2.463 AA 240907004 MIM-RCTC Toll Revenue: - I-15 06416CAA6 Corporate The Bank of Nova Scotia 09/11/2019 10/04/2018 1,525,000.00 1,514,645.25 ---1,524,329.00 1,535.79 2.125 2.328 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 40428HPN6 Corporate HSBC USA Inc.11/13/2019 07/26/2017 1,000,000.00 1,010,720.00 ---999,730.00 (2,040.42)2.375 2.440 A 240907004 MIM-RCTC Toll Revenue: - I-15 17401QAB7 Corporate Citizens Bank, National Association 12/04/2019 07/26/2017 1,000,000.00 1,008,450.00 11/04/2019 999,950.00 (1,373.06)2.450 2.458 A 240907004 MIM-RCTC Toll Revenue: - I-15 46625HKA7 Corporate JPMorgan Chase & Co.01/23/2020 07/25/2017 500,000.00 503,005.00 12/23/2019 499,845.00 (771.41)2.250 2.304 A 240907004 MIM-RCTC Toll Revenue: - I-15 61747YDW2 Corporate Morgan Stanley 01/27/2020 07/25/2017 500,000.00 506,130.00 ---500,570.00 (879.50)2.650 2.449 A 240907004 MIM-RCTC Toll Revenue: - I-15 780082AA1 Corporate Royal Bank of Canada 02/05/2020 07/26/2017 1,500,000.00 1,497,390.00 ---1,496,190.00 (3,173.52)1.875 2.300 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 172967JJ1 Corporate Citigroup Inc.02/18/2020 07/25/2017 500,000.00 503,600.00 ---500,000.00 (919.52)2.400 2.398 A 240907004 MIM-RCTC Toll Revenue: - I-15 06051GFN4 Corporate Bank of America Corporation 04/21/2020 12/04/2017 1,000,000.00 997,850.00 ---999,830.00 568.16 2.250 2.269 A 240907004 MIM-RCTC Toll Revenue: - I-15 49327M2P8 Corporate KeyBank National Association 08/22/2019 07/24/2017 1,000,000.00 995,550.00 ---998,780.00 (901.84)1.600 2.403 A 240907004 MIM-RCTC Toll Revenue: - I-15 24422ETJ8 Corporate John Deere Capital Corporation 10/09/2019 07/26/2017 1,125,000.00 1,114,650.00 ---1,122,108.75 (1,568.62)1.250 2.166 A 240907004 MIM-RCTC Toll Revenue: - I-15 17275RBG6 Corporate Cisco Systems, Inc.09/20/2019 06/29/2018 1,050,000.00 1,035,184.50 ---1,047,742.50 451.48 1.400 2.340 AA 240907004 MIM-RCTC Toll Revenue: - I-15 06367TPX2 Corporate Bank of Montreal 12/12/2019 07/26/2017 1,000,000.00 1,005,160.00 ---998,880.00 (2,126.47)2.100 2.346 AA 240907004 MIM-RCTC Toll Revenue: - I-15 14912L6Y2 Corporate Caterpillar Financial Services Corporation 01/10/2020 07/26/2017 1,000,000.00 1,008,020.00 ---998,880.00 (2,889.83)2.100 2.312 A 240907004 MIM-RCTC Toll Revenue: - I-15 0258M0EE5 Corporate American Express Credit Corporation 03/03/2020 07/25/2017 500,000.00 503,990.00 02/01/2020 499,475.00 (1,484.36)2.200 2.354 A 240907004 MIM-RCTC Toll Revenue: - I-15 46640QU82 CP J.P. Morgan Securities LLC 07/08/2019 06/18/2019 850,000.00 848,885.56 ---849,609.00 (0.95)0.000 1.656 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 02360SU89 CP Ameren Corporation 07/08/2019 06/05/2019 1,500,000.00 1,496,425.00 ---1,499,310.00 68.33 0.000 1.656 AA 240907004 MIM-RCTC Toll Revenue: - I-15 69350BUB0 CP PPG Industries, Inc.07/11/2019 06/10/2019 1,500,000.00 1,496,641.67 ---1,499,010.00 93.33 0.000 1.828 AA 240907004 MIM-RCTC Toll Revenue: - I-15 97684HU82 CP Wisconsin Public Service Corporation 07/08/2019 06/11/2019 1,500,000.00 1,497,367.50 ---1,499,310.00 18.75 0.000 1.656 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 78355BUP5 CP Ryder System, Inc.07/23/2019 06/21/2019 1,500,000.00 1,496,600.00 ---1,497,825.00 162.50 0.000 2.088 AA 240907004 MIM-RCTC Toll Revenue: - I-15 92780KUA4 CP Virginia Electric and Power Company 07/10/2019 06/24/2019 1,350,000.00 1,348,488.00 ---1,349,203.50 54.00 0.000 1.770 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 31846V203 MM Fund First American Funds, Inc.06/30/2019 ---0.00 314,888.54 ---314,888.54 0.00 2.010 1.980 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 70914PPD8 Muni Pennsylvania, Commonwealth of 07/15/2019 09/18/2018 305,000.00 308,080.50 07/15/2019 305,222.65 76.15 4.050 2.457 AA 240907004 MIM-RCTC Toll Revenue: - I-15 392274A89 Muni Greater Orlando Aviation Authority 10/01/2019 07/26/2017 700,000.00 724,094.00 ---701,911.00 (957.23)3.483 2.399 AA 240907004 MIM-RCTC Toll Revenue: - I-15 64972HV66 Muni New York City Transitional Finance Authority 07/15/2019 10/17/2018 665,000.00 664,507.90 ---665,172.90 199.10 2.900 2.318 AA 240907004 MIM-RCTC Toll Revenue: - I-15 459058GK3 Non-US Gov International Bank for Reconstruction and Development 08/21/2020 ---1,510,000.00 1,510,367.00 ---1,510,498.30 279.71 2.720 2.656 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 912828UF5 US Gov Treasury, United States Department of 12/31/2019 06/29/2018 3,700,000.00 3,627,156.25 ---3,682,092.00 6,493.66 1.125 2.092 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 9128282T6 US Gov Treasury, United States Department of 08/31/2019 03/26/2019 2,000,000.00 1,989,687.50 ---1,996,560.00 592.45 1.250 2.234 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 912828Y53 US Gov Treasury, United States Department of 07/31/2020 ---6,050,000.00 6,051,328.49 ---6,043,587.00 (7,194.96)2.139 2.274 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 9128285H9 US Gov Treasury, United States Department of 10/31/2020 12/06/2018 5,300,000.00 5,299,852.27 ---5,292,209.00 (7,687.12)2.141 2.291 AAA 240907004 MIM-RCTC Toll Revenue: - I-15 64986U4H7 VRDN New York State Housing Finance Agency 11/01/2048 07/02/2018 1,400,000.00 1,400,000.00 07/15/2019 1,400,000.00 0.00 2.400 2.400 AA 66,786,149.77 67,076,350.92 67,069,235.55 (9,053.16) 240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AECJ7 Agency Federal Home Loan Banks Office of Finance 05/28/2020 07/03/2018 350,000.00 350,150.50 ---351,858.50 1,782.39 2.625 2.036 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3134GTAE3 Agency Freddie Mac 09/27/2021 04/30/2019 175,000.00 175,052.50 09/27/2019 175,213.50 182.49 2.700 2.189 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3134GTBJ1 Agency Freddie Mac 04/01/2021 03/29/2019 125,000.00 124,987.50 ---125,000.00 10.97 2.600 2.584 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AGHC2 Agency Federal Home Loan Banks Office of Finance 05/28/2020 05/21/2019 100,000.00 100,000.00 08/28/2019 100,078.00 78.00 2.510 2.316 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AH6C7 Agency CMO Federal Home Loan Mortgage Corporation 07/25/2021 11/29/2018 100,000.00 100,179.69 ---101,994.00 1,854.26 3.230 2.061 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AJMF8 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2021 11/29/2018 95,106.93 94,791.15 ---96,758.94 1,952.70 2.968 2.032 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375XCM4 Agency CMO Government National Mortgage Association 11/16/2037 05/14/2019 30,877.78 31,752.26 ---31,915.28 172.50 5.000 2.917 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 383742C76 Agency CMO Government National Mortgage Association 08/16/2037 01/31/2018 70,685.97 72,453.12 ---72,747.88 719.41 4.000 2.557 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375JCJ2 Agency CMO Government National Mortgage Association 12/16/2037 01/31/2018 10,280.76 10,312.89 ---10,283.33 (0.91)5.305 3.297 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378BXQ7 Agency CMO Government National Mortgage Association 01/16/2036 06/17/2019 19,603.37 19,407.34 ---19,418.91 16.24 1.537 3.259 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YPU9 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 12/20/2038 05/10/2019 30,700.70 30,489.64 ---30,675.22 181.06 2.500 2.467 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ATRW4 Agency CMO Federal Home Loan Mortgage Corporation 05/25/2022 09/26/2018 100,000.00 97,238.28 ---100,717.00 2,948.73 2.373 2.056 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ASR97 Agency CMO Federal Home Loan Mortgage Corporation 01/25/2022 02/27/2018 28,040.41 27,409.50 ---27,827.30 235.49 1.573 2.060 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31397QWZ7 Agency CMO Federal National Mortgage Association, Inc.09/25/2029 09/28/2018 53,612.04 54,081.15 ---53,999.12 257.58 4.000 2.682 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378HXH4 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 09/16/2027 03/08/2019 7,652.17 7,254.55 ---7,487.50 217.21 1.250 2.184 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375KCX8 Agency CMO Government National Mortgage Association 01/20/2037 09/18/2018 2,899.38 2,920.67 ---2,896.07 (3.31)5.500 2.623 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31392J6N4 Agency CMO Federal National Mortgage Association, Inc.04/25/2023 12/05/2017 413,671.06 450,024.83 ---429,568.44 (10,692.78)5.500 2.678 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377F2N0 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 06/20/2038 09/28/2018 390.33 389.65 ---389.86 (0.47)3.000 2.383 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B84S3 Agency CMO Federal Home Loan Mortgage Corporation 02/15/2029 01/31/2018 107,257.07 105,916.35 ---107,109.05 927.53 2.000 2.042 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137A5FP4 Agency CMO Federal Home Loan Mortgage Corporation 01/15/2021 01/30/2018 53,245.05 53,378.16 ---53,364.85 66.26 2.500 2.212 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375CBH2 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 03/16/2035 03/19/2019 16,622.99 16,521.70 ---16,560.49 1.90 1.250 2.895 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31398N2K9 Agency CMO Federal National Mortgage Association, Inc.11/25/2025 01/31/2018 484.85 486.67 ---484.22 (0.61)3.500 2.841 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378CDK0 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 03/20/2035 01/30/2018 69,914.22 70,558.74 ---70,089.00 (46.46)3.000 2.390 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378AWX5 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 01/20/2036 01/30/2018 120,760.58 121,930.44 ---121,409.06 99.80 3.000 2.321 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378DDC6 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 04/20/2038 06/20/2018 58,874.99 59,272.85 ---59,061.03 35.49 3.500 2.772 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376PJ35 Agency CMO Government National Mortgage Association 05/16/2037 10/30/2018 27,617.24 27,712.17 ---27,621.93 13.58 4.000 2.804 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38379HLE3 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 05/20/2043 10/18/2018 77,967.42 77,857.78 ---79,879.96 2,047.94 3.500 2.445 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378VC45 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 12/16/2041 11/23/2018 65,237.78 62,883.10 ---64,921.37 1,824.10 2.250 2.391 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377JM59 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 10/20/2039 11/21/2018 36,447.32 35,536.15 ---36,310.28 669.02 2.500 2.618 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ARBX3 Agency CMO Federal Home Loan Mortgage Corporation 03/15/2039 03/14/2019 44,063.26 43,436.74 ---43,961.04 514.91 2.744 2.854 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YFF3 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 03/20/2039 06/03/2019 10,501.32 10,580.07 ---10,639.20 61.55 4.000 2.561 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31283K5N4 Agency MBS Federal Home Loan Mortgage Corporation 08/01/2020 12/05/2017 295,680.05 302,339.95 ---302,666.97 (992.29)5.000 -0.291 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620A9WV9 Agency MBS Government National Mortgage Association 12/15/2024 05/23/2018 12,195.56 12,462.34 ---12,618.50 199.41 4.000 2.151 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138NJAE8 Agency MBS Federal National Mortgage Association, Inc.12/01/2020 09/13/2018 31,797.32 32,164.99 ---31,765.84 (345.68)3.630 3.885 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381N7G2 Agency MBS Federal National Mortgage Association, Inc.10/01/2020 09/25/2018 36,025.66 36,157.95 ---36,314.95 145.56 3.270 2.346 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381RLL6 Agency MBS Federal National Mortgage Association, Inc.07/01/2021 11/02/2018 45,471.58 46,146.56 ---46,753.43 778.20 3.840 2.090 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381SVJ8 Agency MBS Federal National Mortgage Association, Inc.11/01/2021 02/22/2019 42,784.11 42,998.03 ---43,797.67 842.99 3.330 2.198 AAA 2017 Financing STAMP Portfolio by Account for quarter ended June 30, 2019 ATTACHMENT 10 50 Page 20 of 37 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 2017 Financing STAMP Portfolio by Account for quarter ended June 30, 2019 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AC7J4 Agency MBS Federal National Mortgage Association, Inc.03/25/2023 02/21/2018 41,846.97 41,158.78 ---42,485.55 1,142.40 2.607 2.113 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418AU48 Agency MBS Federal National Mortgage Association, Inc.07/01/2023 05/21/2019 27,701.30 27,586.61 ---27,978.04 393.52 2.500 1.789 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1U75 Agency MBS Federal Home Loan Mortgage Corporation 01/25/2023 02/27/2018 120,000.00 117,965.63 ---120,980.40 2,471.38 2.522 2.185 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378KWU9 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 11/16/2041 05/03/2019 37,203.71 34,901.73 ---35,702.17 768.96 1.400 3.355 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B3NW4 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 09/26/2018 88,910.93 88,146.86 ---89,767.14 1,550.50 2.778 2.079 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378KW47 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-Through Securities 08/16/2035 06/13/2019 60,864.98 60,522.62 ---60,556.39 37.24 2.150 2.699 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AXHN6 Agency MBS Federal Home Loan Mortgage Corporation 02/25/2022 01/25/2018 63,872.01 62,993.77 ---63,524.55 291.56 1.749 2.075 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418ASD1 Agency MBS Federal National Mortgage Association, Inc.04/01/2023 01/31/2018 61,122.51 60,528.89 ---60,922.64 327.69 2.000 2.134 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AMM48 Agency MBS Federal National Mortgage Association, Inc.07/25/2022 09/26/2018 87,882.73 86,569.36 ---88,594.58 1,793.14 2.509 2.111 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1UF7 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 01/25/2018 33,172.07 32,684.86 ---33,017.16 209.99 1.785 2.022 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 05/23/2018 26,190.08 26,812.10 ---27,180.32 474.58 4.000 2.063 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A96F0 Agency MBS Federal National Mortgage Association, Inc.11/25/2022 02/27/2018 63,513.02 61,560.49 ---63,695.30 1,601.34 2.184 2.072 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137FGZN8 Agency MBS Federal Home Loan Mortgage Corporation Multi Class Mortgage Participation Certificate Agre 02/25/2023 06/18/2019 50,236.01 50,212.46 ---50,134.03 (79.00)2.681 2.850 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381QB54 Agency MBS Federal National Mortgage Association, Inc.03/01/2021 11/07/2018 56,427.55 57,595.78 ---58,006.96 748.03 4.410 2.293 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 62888VAA6 CMO NCUA Guaranteed Notes Trust 2011-R1 10/07/2020 ---92,331.57 92,457.60 ---92,472.84 75.56 2.917 2.687 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 31846V203 MM Fund First American Funds, Inc.06/30/2019 ---0.00 61,060.21 ---61,060.21 0.00 2.010 1.980 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828SA9 TIPS Treasury, United States Department of 01/15/2022 ---327,372.30 325,011.28 ---325,313.13 (548.23)0.125 0.372 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UH1 TIPS Treasury, United States Department of 01/15/2023 02/05/2018 83,019.75 81,949.14 ---82,549.86 299.69 0.125 0.285 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UF5 US Gov Treasury, United States Department of 12/31/2019 ---435,000.00 426,695.70 ---432,894.60 427.82 1.125 2.092 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VA5 US Gov Treasury, United States Department of 04/30/2020 ---665,000.00 648,627.54 ---660,118.90 2,821.71 1.125 2.010 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VV9 US Gov Treasury, United States Department of 08/31/2020 ---775,000.00 766,685.54 ---776,813.50 6,593.44 2.125 1.921 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828B58 US Gov Treasury, United States Department of 01/31/2021 07/05/2018 320,000.00 316,212.50 ---321,462.40 3,823.39 2.125 1.832 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828F62 US Gov Treasury, United States Department of 10/31/2019 02/20/2019 700,000.00 695,132.81 ---698,551.00 898.63 1.500 2.109 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828Y53 US Gov Treasury, United States Department of 07/31/2020 ---525,000.00 525,025.13 ---524,443.50 (553.77)2.139 2.274 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 9128285H9 US Gov Treasury, United States Department of 10/31/2020 12/06/2018 500,000.00 499,986.06 ---499,265.00 (725.20)2.141 2.291 AAA 8,108,136.75 8,155,319.40 8,201,647.85 31,599.15 Total 74,894,286.52 75,231,670.33 75,270,883.40 22,545.99 117 51 Page 21 of 37 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 240907004 MIM-RCTC Toll Revenue: - I-15 38141EA58 GOLDMAN SACHS GROUP INC 511,650.00 - - - - - (3,926.56) 2,566.56 510,290.00 7,913.19 240907004 MIM-RCTC Toll Revenue: - I-15 392274A89 GREATER ORLANDO AVIATION AUTH ORLANDO FLA ARPT FAC 702,800.00 - - - - - (2,837.05) 1,948.05 701,911.00 6,095.25 240907004 MIM-RCTC Toll Revenue: - I-15 46625HHL7 JPMORGAN CHASE & CO 1,001,940.00 - - (1,000,000.00) - - (2,706.10) 766.10 - - 240907004 MIM-RCTC Toll Revenue: - I-15 3130AFC54 FEDERAL HOME LOAN BANKS - 3,001,770.00 - (3,000,000.00) - - (1,770.00) - - - 240907004 MIM-RCTC Toll Revenue: - I-15 40428HPN6 HSBC USA INC (NEW)997,470.00 - - - - - (1,197.29) 3,457.29 999,730.00 3,166.67 240907004 MIM-RCTC Toll Revenue: - I-15 89114QAS7 TORONTO-DOMINION BANK 998,730.00 - - - - - (1,029.40) 2,299.40 1,000,000.00 10,565.97 240907004 MIM-RCTC Toll Revenue: - I-15 17401QAB7 CITIZENS BANK NA 997,580.00 - - - - - (957.08) 3,327.08 999,950.00 1,837.50 240907004 MIM-RCTC Toll Revenue: - I-15 70914PPD8 PENNSYLVANIA (COMMONWEALTH OF)306,189.50 - - - - - (952.23) (14.62) 305,222.65 5,695.88 240907004 MIM-RCTC Toll Revenue: - I-15 90261XHE5 UBS AG (STAMFORD BRANCH)849,133.00 - - - - - (950.67) 1,698.67 849,881.00 7,682.47 240907004 MIM-RCTC Toll Revenue: - I-15 14912L6Y2 CATERPILLAR FINANCIAL SERVICES CORP 995,690.00 - - - - - (840.61) 4,030.61 998,880.00 9,975.00 240907004 MIM-RCTC Toll Revenue: - I-15 22546QAN7 CREDIT SUISSE AG (NEW YORK BRANCH)999,490.00 - - (1,000,000.00) - - (826.23) 1,336.23 - - 240907004 MIM-RCTC Toll Revenue: - I-15 61747YDW2 MORGAN STANLEY 499,440.00 - - - - - (631.32) 1,761.32 500,570.00 5,668.06 240907004 MIM-RCTC Toll Revenue: - I-15 06367TPX2 BANK OF MONTREAL 996,810.00 - - - - - (556.77) 2,626.77 998,880.00 1,108.33 240907004 MIM-RCTC Toll Revenue: - I-15 161571HJ6 CHAIT 171 A 500,680.00 - - - - - (505.71) 400.71 500,575.00 523.88 240907004 MIM-RCTC Toll Revenue: - I-15 0258M0EE5 AMERICAN EXPRESS CREDIT CORP 497,680.00 - - - - - (403.96) 2,198.96 499,475.00 3,605.56 240907004 MIM-RCTC Toll Revenue: - I-15 05522RCV8 BACCT 161 A 750,300.00 - - - (750,000.00) - (378.15) 78.15 - - 240907004 MIM-RCTC Toll Revenue: - I-15 172967JJ1 CITIGROUP INC 498,060.00 - - - - - (362.38) 2,302.38 500,000.00 4,433.33 240907004 MIM-RCTC Toll Revenue: - I-15 51489N5L2 Landesbank Hessen-Thuringen Girozentrale - 2,000,331.12 - (2,000,000.00) - - (331.12) - - - 240907004 MIM-RCTC Toll Revenue: - I-15 46625HKA7 JPMORGAN CHASE & CO 498,175.00 - - - - - (323.23) 1,993.23 499,845.00 4,937.50 240907004 MIM-RCTC Toll Revenue: - I-15 912828Y53 UNITED STATES TREASURY 4,196,094.00 - - - - - (256.23) (289.77) 4,195,548.00 16,963.71 240907004 MIM-RCTC Toll Revenue: - I-15 02582JGN4 AMXCA 141 A 252,103.32 - - - (252,000.00) - (189.93) 86.61 - - 240907004 MIM-RCTC Toll Revenue: - I-15 60700A6H2 Mizuho Bank, Ltd.- 1,500,186.47 - (1,500,000.00) - - (186.47) - - - 240907004 MIM-RCTC Toll Revenue: - I-15 3130AG5X9 FEDERAL HOME LOAN BANKS - 1,701,020.00 - - - - (148.21) 369.21 1,701,241.00 9,758.00 240907004 MIM-RCTC Toll Revenue: - I-15 65602VJW7 Norinchukin Bank NY Branch - 1,500,135.59 - - - - (123.26) 17.67 1,500,030.00 9,530.42 240907004 MIM-RCTC Toll Revenue: - I-15 3134GTAE3 FEDERAL HOME LOAN MORTGAGE CORP - 1,000,300.00 - - - - (122.82) 1,042.82 1,001,220.00 7,050.00 240907004 MIM-RCTC Toll Revenue: - I-15 172967HM6 CITIGROUP INC 999,960.00 - - (1,000,000.00) - - (118.31) 158.31 - - 240907004 MIM-RCTC Toll Revenue: - I-15 60710A3P5 Mizuho Bank, Ltd.- 1,500,116.43 - (1,500,000.00) - - (116.43) - - - 240907004 MIM-RCTC Toll Revenue: - I-15 3134GTBJ1 FEDERAL HOME LOAN MORTGAGE CORP - 2,500,115.00 - - - - (115.00) - 2,500,000.00 16,250.00 240907004 MIM-RCTC Toll Revenue: - I-15 3130ABQH2 FEDERAL HOME LOAN BANKS 1,499,925.00 - - - - - (100.37) 205.37 1,500,030.00 8,826.88 240907004 MIM-RCTC Toll Revenue: - I-15 375558BQ5 GILEAD SCIENCES INC 900,378.00 - (900,729.00) - - 356.88 (95.07) 89.19 - - 240907004 MIM-RCTC Toll Revenue: - I-15 51500VCC1 Landesbank Hessen-Thüringen Girozentrale - 1,400,123.78 - - - - (92.84) 25.06 1,400,056.00 11,404.17 240907004 MIM-RCTC Toll Revenue: - I-15 60700A5L4 Mizuho Bank, Ltd.1,500,150.00 - - (1,500,000.00) - - (79.14) (70.86) - - 240907004 MIM-RCTC Toll Revenue: - I-15 02582JGN4 AMXCA 141 A 215,088.15 - - - (215,000.00) - (76.69) (11.46) - - 240907004 MIM-RCTC Toll Revenue: - I-15 89114MC70 Toronto-Dominion Bank, New York Branch - 1,500,120.50 - - - - (74.60) 29.10 1,500,075.00 8,887.92 240907004 MIM-RCTC Toll Revenue: - I-15 62888UAB6 NGN 10R2 2A 266,366.56 - - - (11,568.68) (15.82) (58.57) 36.68 254,760.16 498.48 240907004 MIM-RCTC Toll Revenue: - I-15 51500VCC1 Landesbank Hessen-Thüringen Girozentrale - 1,250,076.31 - - - - (46.63) 20.32 1,250,050.00 10,182.29 240907004 MIM-RCTC Toll Revenue: - I-15 3130AEL40 FEDERAL HOME LOAN BANKS - 2,000,027.00 - (2,000,000.00) - - (27.00) - - - 240907004 MIM-RCTC Toll Revenue: - I-15 58769DAD2 MBALT 17A A3 654,446.95 - - - (569,917.64) (10.68) (26.52) 1,107.42 85,599.53 68.13 240907004 MIM-RCTC Toll Revenue: - I-15 912828Y53 UNITED STATES TREASURY 449,581.50 - - - - - (25.01) (33.49) 449,523.00 1,817.54 240907004 MIM-RCTC Toll Revenue: - I-15 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 499,925.00 - - - - - (24.02) 264.02 500,165.00 1,487.64 240907004 MIM-RCTC Toll Revenue: - I-15 62888VAA6 NGN 10R1 1A 423,100.06 - - - (40,734.18) (11.83) (20.65) (202.97) 382,130.42 772.93 240907004 MIM-RCTC Toll Revenue: - I-15 65478GAC4 NAROT 17B A2B 127,991.76 - - - (125,164.13) (28.45) (18.82) 47.34 2,827.71 2.74 240907004 MIM-RCTC Toll Revenue: - I-15 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 299,955.00 - - - - - (14.47) 158.47 300,099.00 892.58 240907004 MIM-RCTC Toll Revenue: - I-15 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 184,972.25 - - - - - (9.21) 98.01 185,061.05 550.43 240907004 MIM-RCTC Toll Revenue: - I-15 86958JL72 Svenska Handelsbanken AB 1,500,015.00 - - (1,500,000.00) - - (2.49) (12.51) - - 240907004 MIM-RCTC Toll Revenue: - I-15 31846V203 FIRST AMER:GVT OBLG Y 5,124,099.35 65,938,253.01 (70,747,463.82) - - - - - 314,888.54 - 240907004 MIM-RCTC Toll Revenue: - I-15 375558BQ5 GILEAD SCIENCES INC 595,249.90 - (595,481.95) - - 481.95 - (249.90) - - 240907004 MIM-RCTC Toll Revenue: - I-15 36225B5Y0 GN 781763 221.65 - - - (221.94) (0.06) - 0.35 - - 240907004 MIM-RCTC Toll Revenue: - I-15 64986U4H7 NEW YORK ST HSG FIN AGY REV 1,400,000.00 - - - - - - - 1,400,000.00 2,529.59 240907004 MIM-RCTC Toll Revenue: - I-15 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 524,921.25 - - - - - - 252.00 525,173.25 1,562.02 240907004 MIM-RCTC Toll Revenue: - I-15 3135G0U68 FEDERAL NATIONAL MORTGAGE ASSOCIATION 375,075.00 - - - - - - 7.50 375,082.50 1,602.50 240907004 MIM-RCTC Toll Revenue: - I-15 65479PAA7 NALT 19A A1 - 645,000.00 - - (182,020.80) (0.01) - 134.26 463,113.46 467.91 240907004 MIM-RCTC Toll Revenue: - I-15 31680YAA5 FITAT 191 A1 - 500,000.00 - - (176,335.34) (0.00) - 61.50 323,726.15 324.19 240907004 MIM-RCTC Toll Revenue: - I-15 3130AGHC2 FEDERAL HOME LOAN BANKS - 2,000,000.00 - - - - - 1,560.00 2,001,560.00 4,601.67 240907004 MIM-RCTC Toll Revenue: - I-15 47789JAB2 JDOT 2019 A2 530,906.30 - - - - - 5.88 2,209.52 533,121.70 671.33 240907004 MIM-RCTC Toll Revenue: - I-15 65478AAD5 NAROT 15C A3 85,375.08 - - - (85,485.35) 35.29 10.84 64.13 - - 240907004 MIM-RCTC Toll Revenue: - I-15 58769DAD2 MBALT 17A A3 - 15,344.18 - - (10,074.93) 28.44 19.32 5.24 5,322.25 4.24 240907004 MIM-RCTC Toll Revenue: - I-15 9128285H9 UNITED STATES TREASURY 5,292,368.00 - - - - - 19.37 (178.37) 5,292,209.00 21,424.84 240907004 MIM-RCTC Toll Revenue: - I-15 3130AGE68 FEDERAL HOME LOAN BANKS - 1,999,500.00 - - - - 28.06 1,051.94 2,000,580.00 7,583.33 240907004 MIM-RCTC Toll Revenue: - I-15 161571HC1 CHAIT 162 A 12,965.81 - - - (13,000.00) 0.85 32.26 1.08 - - 240907004 MIM-RCTC Toll Revenue: - I-15 912828Y53 UNITED STATES TREASURY 1,398,698.00 - - - - - 101.55 (283.55) 1,398,516.00 5,654.57 240907004 MIM-RCTC Toll Revenue: - I-15 64972HV66 NEW YORK N Y CITY TRANSITIONAL FIN AUTH BLDG AID R 665,678.30 - - - - - 170.27 (675.67) 665,172.90 13,178.08 240907004 MIM-RCTC Toll Revenue: - I-15 31677QBB4 FIFTH THIRD BANK 999,820.00 - - (1,000,000.00) - - 195.20 (15.20) - - 240907004 MIM-RCTC Toll Revenue: - I-15 65479AAD4 NALT 17A A3 746,537.76 - - - (441,735.38) 270.07 198.00 632.12 305,902.58 259.81 240907004 MIM-RCTC Toll Revenue: - I-15 92780KS25 Virginia Electric and Power Company - 1,499,787.50 - (1,500,000.00) - - 212.50 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 92780KR34 Virginia Electric and Power Company 1,499,790.00 - - (1,500,000.00) - - 217.50 (7.50) - - 240907004 MIM-RCTC Toll Revenue: - I-15 06051GFN4 BANK OF AMERICA CORP 994,720.00 - - - - - 225.75 4,884.25 999,830.00 4,375.00 240907004 MIM-RCTC Toll Revenue: - I-15 780082AA1 ROYAL BANK OF CANADA 1,490,355.00 - - - - - 265.98 5,569.02 1,496,190.00 11,406.25 240907004 MIM-RCTC Toll Revenue: - I-15 07330NAL9 BRANCH BANKING AND TRUST CO 998,720.00 - - (1,000,000.00) - - 289.03 990.97 - - 240907004 MIM-RCTC Toll Revenue: - I-15 65478DAD9 NAROT 18A A3 600,510.00 - - - - - 347.69 2,274.31 603,132.00 706.67 240907004 MIM-RCTC Toll Revenue: - I-15 43357MR51 Hitachi Capital America Corp.1,199,664.00 - - (1,200,000.00) - - 366.67 (30.67) - - 240907004 MIM-RCTC Toll Revenue: - I-15 3137B2GW4 FHMS K713 A2 579,489.27 - - - (3,262.19) 12.71 478.10 818.06 577,535.95 1,115.13 240907004 MIM-RCTC Toll Revenue: - I-15 161571HC1 CHAIT 162 A 748,027.50 - - - (750,000.00) 13.04 494.23 1,465.23 - - 240907004 MIM-RCTC Toll Revenue: - I-15 49327M2P8 KEYBANK NA 995,710.00 - - - - - 556.78 2,513.22 998,780.00 5,733.33 240907004 MIM-RCTC Toll Revenue: - I-15 97684HS85 Wisconsin Public Service Corporation - 999,440.00 - (1,000,000.00) - - 560.00 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 97684HSG7 Wisconsin Public Service Corporation - 999,377.50 - (1,000,000.00) - - 622.50 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 92780KUA4 Virginia Electric and Power Company 0.00 1,348,488.00 0.00 0.00 0.00 0.00 661.50 54.00 1,349,203.50 0.00 240907004 MIM-RCTC Toll Revenue: - I-15 07274MRA5 Bayerische Landesbank 1,099,307.00 0.00 0.00 (1,100,000.00)0.00 0.00 704.00 (11.00)0.00 0.00 240907004 MIM-RCTC Toll Revenue: - I-15 50000ER89 Koch Industries, Inc.1,499,265.00 - - (1,500,000.00) - - 717.50 17.50 - - 240907004 MIM-RCTC Toll Revenue: - I-15 46640QU82 J.P. Morgan Securities LLC - 848,885.56 - - - - 724.39 (0.95) 849,609.00 - 240907004 MIM-RCTC Toll Revenue: - I-15 04056BTB6 Arizona Public Service Company - 1,499,273.75 - (1,500,000.00) - - 726.25 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 04056BSL5 Arizona Public Service Company - 1,499,265.00 - (1,500,000.00) - - 735.00 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 04056BSD3 Arizona Public Service Company - 1,499,256.26 - (1,500,000.00) - - 743.74 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 23336KS11 DTE Electric Company - 1,499,253.33 - (1,500,000.00) - - 746.67 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 64587BS78 New Jersey Natural Gas Company - 1,499,230.01 - (1,500,000.00) - - 769.99 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 07274MRA5 Bayerische Landesbank 1,219,231.40 - - (1,220,000.00) - - 777.75 (9.15) - - 240907004 MIM-RCTC Toll Revenue: - I-15 69350BR81 PPG Industries, Inc.1,499,265.00 - - (1,500,000.00) - - 778.75 (43.75) - - 240907004 MIM-RCTC Toll Revenue: - I-15 21201CS15 Continental Rubber of America, Corp.- 1,499,218.34 - (1,500,000.00) - - 781.66 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 50000ETQ7 Koch Industries, Inc.- 1,349,022.37 - (1,350,000.00) - - 977.63 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 93884FTE2 Washington Gas Light Company - 1,498,958.33 - (1,500,000.00) - - 1,041.67 - - - 2017 Financing STAMP Portfolio Transaction Report by Account Quarter ended June 30, 2019 ATTACHMENT 11 52 Page 22 of 37 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 2017 Financing STAMP Portfolio Transaction Report by Account Quarter ended June 30, 2019 240907004 MIM-RCTC Toll Revenue: - I-15 23336KSP8 DTE Electric Company - 1,498,937.51 - (1,500,000.00) - - 1,062.49 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 78355BUP5 Ryder System, Inc.- 1,496,600.00 - - - - 1,062.50 162.50 1,497,825.00 - 240907004 MIM-RCTC Toll Revenue: - I-15 74456DRB3 Public Service Electric and Gas Company 1,498,950.00 - - (1,500,000.00) - - 1,129.17 (79.17) - - 240907004 MIM-RCTC Toll Revenue: - I-15 24422ETJ8 JOHN DEERE CAPITAL CORP 1,116,652.50 - - - - - 1,203.29 4,252.96 1,122,108.75 3,203.13 240907004 MIM-RCTC Toll Revenue: - I-15 50000ET46 Koch Industries, Inc.- 1,498,795.01 - (1,500,000.00) - - 1,204.99 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 34108BS71 Florida Power & Light Company - 1,498,705.01 - (1,500,000.00) - - 1,294.99 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 50000ERP1 Koch Industries, Inc.- 1,498,683.75 - (1,500,000.00) - - 1,316.25 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 63743DT68 National Rural Utilities Cooperative Finance Corpo - 1,498,600.01 - (1,500,000.00) - - 1,399.99 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 02587AAJ3 AMXCA 171 A 646,048.00 - - - - - 1,479.22 1,146.78 648,674.00 557.56 240907004 MIM-RCTC Toll Revenue: - I-15 97684HTL5 Wisconsin Public Service Corporation - 1,498,450.01 - (1,500,000.00) - - 1,549.99 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 26055BT53 The Dow Chemical Company - 1,498,381.25 - (1,500,000.00) - - 1,618.75 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 0220X1S97 Altria Group, Inc.- 1,498,325.00 - (1,500,000.00) - - 1,675.00 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 97684HU82 Wisconsin Public Service Corporation - 1,497,367.50 - - - - 1,923.75 18.75 1,499,310.00 - 240907004 MIM-RCTC Toll Revenue: - I-15 26055BTC8 The Dow Chemical Company - 1,497,965.42 - (1,500,000.00) - - 2,034.58 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 69350BUB0 PPG Industries, Inc.- 1,496,641.67 - - - - 2,275.00 93.33 1,499,010.00 - 240907004 MIM-RCTC Toll Revenue: - I-15 912796VE6 UNITED STATES TREASURY - 1,997,377.56 - (2,000,000.00) - - 2,622.44 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 02360SSQ2 Ameren Corporation - 1,497,218.75 - (1,500,000.00) - - 2,781.25 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 06416CAA6 BANK OF NOVA SCOTIA 1,521,477.25 - - - - - 2,789.14 62.61 1,524,329.00 9,901.91 240907004 MIM-RCTC Toll Revenue: - I-15 02360SU89 Ameren Corporation - 1,496,425.00 - - - - 2,816.67 68.33 1,499,310.00 - 240907004 MIM-RCTC Toll Revenue: - I-15 21687BTM3 Coöperatieve Rabobank U.A., New York Branch - 1,497,176.67 - (1,500,000.00) - - 2,823.33 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 17275RBG6 CISCO SYSTEMS INC 1,044,204.00 - - - - - 3,043.42 495.08 1,047,742.50 4,124.17 240907004 MIM-RCTC Toll Revenue: - I-15 43357MSW1 Hitachi Capital America Corp.- 1,496,687.50 - (1,500,000.00) - - 3,312.50 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 69350BSA5 PPG Industries, Inc.- 1,496,625.00 - (1,500,000.00) - - 3,375.00 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 912796UY3 UNITED STATES TREASURY - 3,996,603.39 - (4,000,000.00) - - 3,396.61 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 69350BTA4 PPG Industries, Inc.- 1,496,551.25 - (1,500,000.00) - - 3,448.75 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 26055BSD7 The Dow Chemical Company - 1,496,175.00 - (1,500,000.00) - - 3,825.00 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 92780KTC2 Virginia Electric and Power Company - 1,496,010.00 - (1,500,000.00) - - 3,990.00 - - - 240907004 MIM-RCTC Toll Revenue: - I-15 9128282T6 UNITED STATES TREASURY 1,989,680.00 - - - - - 6,015.63 864.38 1,996,560.00 8,355.98 240907004 MIM-RCTC Toll Revenue: - I-15 912796UZ0 UNITED STATES TREASURY 4,990,350.00 - - (5,000,000.00) - - 9,545.83 104.17 - - 240907004 MIM-RCTC Toll Revenue: - I-15 912828UF5 UNITED STATES TREASURY 3,664,295.00 - - - - - 12,184.38 5,612.62 3,682,092.00 113.11 75,219,497.37 145,436,177.60 (72,243,674.77)(77,870,000.00)(3,626,520.56)1,132.39 80,849.23 71,774.29 67,069,235.55 287,608.75 240907020 RCTC I-15 Prj RAMP UP RESERVE 31283K5N4 FH G11753 411,141.08 - - - (109,413.00) (3,327.92) (2,032.22) 6,299.03 302,666.97 1,232.00 240907020 RCTC I-15 Prj RAMP UP RESERVE 31392J6N4 FNR 0323B EQ 474,781.55 - - - (45,800.88) (3,074.59) (1,790.82) 5,453.18 429,568.44 1,895.99 240907020 RCTC I-15 Prj RAMP UP RESERVE 31397QWZ7 FNR 1115F VB 65,036.15 - - - (10,954.71) (57.69) (176.37) 151.74 53,999.12 178.71 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378AWX5 GNR 11157E QA 139,072.93 - - - (18,004.30) (102.30) (174.11) 616.83 121,409.06 301.90 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381QB54 FN 467260 58,662.82 - - - (314.55) (5.05) (127.11) (209.16) 58,006.96 207.37 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378CDK0 GNR 11169G AK 85,777.52 - - - (15,797.30) (67.98) (107.67) 284.43 70,089.00 174.79 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378DDC6 GNR 1216E GB 72,776.31 - - - (13,745.92) (50.66) (87.08) 168.38 59,061.03 171.72 240907020 RCTC I-15 Prj RAMP UP RESERVE 383742C76 GNR 0832B PA 77,198.50 - - - (4,831.51) (95.47) (80.53) 556.89 72,747.88 235.62 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375KCX8 GNR 0726C MA 77,691.02 - - - (74,672.95) (49.87) (72.11) (0.02) 2,896.07 13.29 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381RLL6 FN 468431 46,893.59 - - - (231.00) (2.73) (60.37) 153.93 46,753.43 145.51 240907020 RCTC I-15 Prj RAMP UP RESERVE 3138NJAE8 FN FN0004 34,403.96 - - - (2,039.86) (20.73) (55.55) (521.97) 31,765.84 96.19 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381N7G2 FN 466295 36,484.35 - - - (201.47) (0.96) (44.03) 77.06 36,314.95 98.17 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376PJ35 GNR 09116C NH 54,530.40 - - - (26,873.38) (10.91) (42.78) 18.61 27,621.93 92.06 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620ARB67 GN 737261 28,896.01 - - - (1,881.20) (39.37) (39.81) 244.70 27,180.32 87.30 240907020 RCTC I-15 Prj RAMP UP RESERVE 31381SVJ8 FN 469617 43,691.37 - - - (273.02) (1.26) (36.10) 416.68 43,797.67 118.73 240907020 RCTC I-15 Prj RAMP UP RESERVE 3134GTAE3 FEDERAL HOME LOAN MORTGAGE CORP - 175,052.50 - - - - (21.49) 182.49 175,213.50 1,233.75 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828Y53 UNITED STATES TREASURY 399,628.00 - - - - - (21.25) (30.75) 399,576.00 1,615.59 240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AECJ7 FEDERAL HOME LOAN BANKS 350,756.00 - - - - - (20.63) 1,123.13 351,858.50 842.19 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AH6C7 FHMS K015 A2 101,252.00 - - - - - (17.40) 759.40 101,994.00 269.17 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137A5FP4 FHR 3791E DA 58,394.26 - - - (5,315.52) (6.41) (15.19) 307.72 53,364.85 110.93 240907020 RCTC I-15 Prj RAMP UP RESERVE 3620A9WV9 GN 723460 13,833.92 - - - (1,219.67) (23.29) (12.63) 40.17 12,618.50 40.65 240907020 RCTC I-15 Prj RAMP UP RESERVE 62888VAA6 NGN 10R1 1A 37,642.35 - - - (3,624.04) (5.94) (10.36) (4.65) 33,997.36 68.77 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375XCM4 GNR 0847B PC - 32,843.27 - - (1,060.97) (30.38) (9.15) 172.50 31,915.28 128.66 240907020 RCTC I-15 Prj RAMP UP RESERVE 38379HLE3 GNR 14184H WK 83,288.78 - - - (3,805.30) 6.27 (7.23) 397.45 79,879.96 227.41 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378BXQ7 GNR 1289 A - 19,407.34 - - - - (4.67) 16.24 19,418.91 25.11 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378KW47 GNR 13138 A - 60,522.62 - - - - (3.46) 37.24 60,556.39 109.05 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375JCJ2 GNR 0668 D 14,412.67 - - - (4,121.97) (1.52) (3.01) (2.83) 10,283.33 45.45 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YFF3 GNR 1046E CH - 10,580.07 - - - - (2.42) 61.55 10,639.20 35.00 240907020 RCTC I-15 Prj RAMP UP RESERVE 62888VAA6 NGN 10R1 1A 48,182.21 - - - (4,638.77) (1.35) (2.35) (23.11) 43,516.63 88.02 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418AU48 FN MA1502 - 28,645.80 - - (1,063.60) 4.44 (2.13) 393.52 27,978.04 57.71 240907020 RCTC I-15 Prj RAMP UP RESERVE 31398N2K9 FNR 10123B DL 1,633.05 - - - (1,151.83) (0.11) (0.58) 3.68 484.22 1.41 240907020 RCTC I-15 Prj RAMP UP RESERVE 62888VAA6 NGN 10R1 1A - 15,615.02 - - (674.15) (0.20) (0.45) 18.63 14,958.84 30.26 240907020 RCTC I-15 Prj RAMP UP RESERVE 31846V203 FIRST AMER:GVT OBLG Y 139,699.86 560,294.25 (638,933.90) - - - - - 61,060.21 - 240907020 RCTC I-15 Prj RAMP UP RESERVE 3130AGHC2 FEDERAL HOME LOAN BANKS - 100,000.00 - - - - - 78.00 100,078.00 230.08 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418ASD1 FN MA1415 1,057.17 - - - (114.42) 1.13 0.16 7.87 951.92 1.59 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137FGZN8 FHMS KI02 A - 54,019.37 - - (3,808.70) 1.77 0.59 (79.00) 50,134.03 22.44 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378HXH4 GNR 12119 KB 8,138.42 (7,995.44) - - - - 1.28 (144.26) - - 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AJMF8 FHMS K016 A2 99,060.30 - - - (3,241.33) 10.12 1.47 928.38 96,758.94 235.20 240907020 RCTC I-15 Prj RAMP UP RESERVE 3134GTBJ1 FEDERAL HOME LOAN MORTGAGE CORP 124,962.63 - - - - - 1.53 35.84 125,000.00 812.50 240907020 RCTC I-15 Prj RAMP UP RESERVE 9128285H9 UNITED STATES TREASURY 549,208.00 - (49,964.72) - - (34.20) 1.91 54.01 499,265.00 2,021.21 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377F2N0 GNR 1073E LN 25,582.17 - - - (25,218.48) 50.42 2.98 (27.22) 389.86 0.98 240907020 RCTC I-15 Prj RAMP UP RESERVE 38376YPU9 GNR 1050D EA - 31,979.04 - - (1,499.71) 10.37 4.47 181.06 30,675.22 63.96 240907020 RCTC I-15 Prj RAMP UP RESERVE 31397SE83 FNR 1136C PA 7,794.21 - - - (7,807.36) 0.95 4.95 7.25 - - 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ARBX3 FHR 4061C CF 46,606.68 - - - (2,679.43) 37.41 7.69 (11.32) 43,961.04 53.74 240907020 RCTC I-15 Prj RAMP UP RESERVE 31418ASD1 FN MA1415 66,601.90 - - - (7,208.57) 61.85 8.00 507.54 59,970.72 100.28 240907020 RCTC I-15 Prj RAMP UP RESERVE 912796UV9 UNITED STATES TREASURY 174,987.75 - - (175,000.00) - - 11.72 0.53 - - 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378HXH4 GNR 12119 KB - 7,815.84 - - (592.05) 30.51 15.99 217.21 7,487.50 7.97 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828Y53 UNITED STATES TREASURY 124,883.75 - - - - - 21.87 (38.12) 124,867.50 504.87 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B3NW4 FHMS K031 A1 95,206.64 - - - (6,385.29) 50.46 22.01 873.32 89,767.14 205.83 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1UF7 FHMS K027 A1 35,266.70 - - - (2,540.69) 29.01 22.90 239.24 33,017.16 49.34 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378KWU9 GNR 1396 A - 35,004.86 - - (109.93) 6.78 31.50 768.96 35,702.17 43.40 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ASR97 FHMS K020 A1 29,993.10 - - - (2,402.33) 40.20 33.95 162.39 27,827.30 36.76 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AC7J4 FNA 13M6 2A 42,266.94 - - - (498.74) 6.21 34.45 676.70 42,485.55 90.91 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137AXHN6 FHMS K024 A1 68,614.37 - - - (5,609.49) 58.45 44.83 416.39 63,524.55 93.09 240907020 RCTC I-15 Prj RAMP UP RESERVE 38375CBH2 GNR 1257F LD 27,309.29 - - - (10,858.33) 61.98 48.34 (0.78) 16,560.49 17.32 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136A96F0 FNA 12M17 A2 68,804.27 - - - (6,179.84) 136.65 56.71 877.51 63,695.30 115.59 240907020 RCTC I-15 Prj RAMP UP RESERVE 3136AMM48 FNA 15M4B AV2 93,903.91 - - - (6,242.38) 78.63 60.83 793.59 88,594.58 183.75 240907020 RCTC I-15 Prj RAMP UP RESERVE 38377JM59 GNR 10111F PE 38,614.95 - - - (2,757.27) 65.95 74.98 311.66 36,310.28 75.93 53 Page 23 of 37 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 2017 Financing STAMP Portfolio Transaction Report by Account Quarter ended June 30, 2019 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B1U75 FHMS KS01 A2 119,114.40 - - - - - 103.89 1,762.11 120,980.40 252.20 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137B84S3 FHR 4305A CT 117,413.18 - - - (11,441.62) 129.24 150.15 858.10 107,109.05 178.76 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378VC45 GNR 13116D MA 67,776.80 - - - (3,777.15) 131.97 152.92 636.83 64,921.37 122.32 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137ATRW4 FHMS K020 A2 99,515.00 - - - - - 176.35 1,025.65 100,717.00 197.75 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828B58 UNITED STATES TREASURY 318,912.00 - - - - - 365.85 2,184.55 321,462.40 2,836.46 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UF5 UNITED STATES TREASURY 188,166.50 - - - - - 458.91 454.99 189,080.40 5.81 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VV9 UNITED STATES TREASURY 473,442.00 - - - - - 491.56 2,177.94 476,111.50 3,373.73 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VV9 UNITED STATES TREASURY 299,016.00 - - - - - 504.99 1,181.01 300,702.00 2,130.77 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VA5 UNITED STATES TREASURY 162,769.20 - - - - - 600.67 419.03 163,788.90 312.74 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UF5 UNITED STATES TREASURY 242,635.75 - - - - - 806.80 371.65 243,814.20 7.49 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828SA9 UNITED STATES TREASURY 77,218.42 - - - - - 1,223.29 82.15 78,523.86 45.57 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828SA9 UNITED STATES TREASURY 77,218.42 - - - - - 1,229.35 76.09 78,523.86 45.57 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828UH1 UNITED STATES TREASURY 80,847.40 - - - - - 1,290.99 411.47 82,549.86 47.87 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828VA5 UNITED STATES TREASURY 493,240.00 - - - - - 1,675.40 1,414.60 496,330.00 947.69 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828F62 UNITED STATES TREASURY 696,087.00 - - - - - 1,758.77 705.23 698,551.00 1,769.02 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828SA9 UNITED STATES TREASURY 165,468.04 - - - - - 2,574.03 223.35 168,265.41 97.65 8,363,463.89 1,123,784.54 (688,898.62)(175,000.00)(462,683.98)(6,000.12)8,997.94 37,984.20 8,201,647.85 27,316.61 83,582,961.26 146,559,962.14 (72,932,573.39) (78,045,000.00) (4,089,204.54) (4,867.73) 89,847.17 109,758.49 75,270,883.40 314,925.36 54 55 *Negative cash reflects securities in transit at month end 2017 Financing STAMP Portfolio Summary of Investments for quarter ended June 30, 2019 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 12 56 57 2017 Financing STAMP Portfolio Sales Tax I15 ELP Project Revenue Fund Summary of Investments for quarter ended December 31, 2018 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 13 58 59 *Negative cash reflects securities in transit at month end 2017 Financing STAMP Portfolio Ramp Up Fund Summary of Investments for quarter ended June 30, 2019 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 14 60 61 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM CUSIP Security Type Category Issuer Final Maturity Trade Date Next Call Date Original Cost Base Market Value Unrealized Gain/Loss Accrued Income Coupon Yield Credit Rating 3130AF5B9 Agencies F H L B DEB 3.000% 10/12/21 10/12/2021 10/12/2018 619,597.00 636,516.80 16,919.80 4,081.67 3 2.908019348 AA+ 3134GBTL6 Agencies F H L M C M T N 2.100% 6/29/22 06/29/2022 06/29/2017 09/29/2019 484,720.00 500,320.00 15,600.00 5,308.33 2.1 2.098719781 AA+ 3134GTRY1 Agencies F H L M C M T N 2.625% 6/06/22 06/06/2022 06/06/2019 09/06/2019 260,000.00 260,057.20 57.20 473.96 2.63 2.624186502 AA+ 3134GTVK6 Agencies F H L M C 2.550% 6/20/22 06/20/2022 06/20/2019 09/20/2019 265,000.00 265,047.70 47.70 206.48 2.55 2.548547328 AA+ 911759MU9 Agencies U S DEPT HSG & URB 2.570% 8/01/21 08/01/2021 03/28/2019 100,000.00 101,013.00 1,013.00 663.92 2.57 2.534366803 N/A 05582QAD9 Asset-Backed BMW VEHICLE OWNER 1.160% 11/25/20 11/25/2020 07/20/2016 67,357.09 67,207.87 -149.22 13.02 1.16 1.161184408 N/A 05584PAD9 Asset-Backed BMW VEHICLE LEASE 2.070% 10/20/20 10/20/2020 10/25/2017 96,184.10 96,047.60 -136.50 60.84 2.07 2.071014797 N/A 17305EGB5 Asset-Backed CITIBANK CREDIT 1.920% 4/07/22 04/07/2022 04/11/2017 229,933.74 229,517.00 -416.74 1,030.40 1.92 1.921594924 AAA 41284WAC4 Asset-Backed HARLEY DAVIDSON 2.340% 2/15/24 02/15/2024 06/26/2019 589,954.33 589,952.80 -1.53 191.75 2.34 2.323964644 N/A 43814PAC4 Asset-Backed HONDA AUTO 1.790% 9/20/21 09/20/2021 09/29/2017 130,670.81 130,334.72 -336.09 84.47 1.79 1.792743297 AAA 47787XAC1 Asset-Backed JOHN DEERE OWNER 1.780% 4/15/21 04/15/2021 03/02/2017 145,448.34 145,176.66 -271.68 115.08 1.78 1.782227785 N/A 47789JAD8 Asset-Backed JOHN DEERE OWNER 2.910% 7/17/23 07/17/2023 03/13/2019 259,968.05 264,721.60 4,753.55 336.27 2.91 2.844241145 N/A 58769DAD2 Asset-Backed MERCEDES BENZ AUTO 1.790% 4/15/20 04/15/2020 04/26/2017 32,834.24 32,820.54 -13.70 26.12 1.79 1.790143211 N/R 65478BAD3 Asset-Backed NISSAN AUTO LEASE 3.250% 9/15/21 09/15/2021 10/24/2018 199,982.52 202,642.00 2,659.48 288.89 3.25 3.208608945 AAA 65478NAD7 Asset-Backed NISSAN AUTO 3.220% 6/15/23 06/15/2023 12/12/2018 449,913.78 460,296.00 10,382.22 644.00 3.22 3.138768667 AAA 65479BAD2 Asset-Backed NISSAN AUTO LEASE 2.050% 9/15/20 09/15/2020 10/10/2017 219,961.57 219,892.20 -69.37 200.44 2.05 2.050840845 N/A 65479KAD2 Asset-Backed NISSAN AUTO 2.900% 10/16/23 10/16/2023 02/13/2019 319,951.52 325,676.80 5,725.28 412.44 2.9 2.834134709 N/A 89190BAD0 Asset-Backed TOYOTA AUTO 1.760% 7/15/21 07/15/2021 05/17/2017 379,170.74 378,130.48 -1,040.26 296.62 1.76 1.762820513 AAA 89238MAD0 Asset-Backed TOYOTA AUTO 1.730% 2/16/21 02/16/2021 03/15/2017 187,997.80 187,578.08 -419.72 144.57 1.73 1.732546844 AAA 89239AAD5 Asset-Backed TOYOTA AUTO 2.910% 7/17/23 07/17/2023 02/13/2019 339,938.05 345,079.60 5,141.55 439.73 2.91 2.851208089 AAA 90290AAC1 Asset-Backed USAA AUTO OWNER 1.700% 5/17/21 05/17/2021 09/20/2017 78,405.38 78,247.40 -157.98 59.25 1.7 1.702758469 AAA 31846V203 Cash FIRST AM GOVT OB FD CL Y 208,224.79 208,224.79 0.00 467.37 0 1.751598500 037833BS8 Credit APPLE INC 2.250% 2/23/21 02/23/2021 02/23/2016 01/23/2021 495,675.00 501,785.00 6,110.00 4,000.00 2.25 2.236113734 AA+ 037833CS7 Credit APPLE INC 1.800% 5/11/20 05/11/2020 05/11/2017 484,505.30 483,821.45 -683.85 1,212.50 1.8 1.802306953 AA+ 053015AD5 Credit AUTOMATIC DATA 2.250% 9/15/20 09/15/2020 09/15/2015 08/15/2020 452,969.04 450,283.50 -2,685.54 2,981.25 2.25 2.242398270 AA 06050TMJ8 Credit BANK OF AMERICA MTN 3.335% 1/25/23 01/25/2023 01/25/2019 01/25/2022 520,000.00 533,317.20 13,317.20 7,514.87 3.34 3.240254945 A+ 06406FAA1 Credit BANK OF NY MTN 2.500% 4/15/21 04/15/2021 02/19/2016 03/15/2021 755,648.77 754,125.00 -1,523.77 3,958.33 2.5 2.477553366 A 084664CK5 Credit BERKSHIRE HATHAWAY 1.300% 8/15/19 08/15/2019 08/15/2016 159,844.80 159,811.20 -33.60 785.78 1.3 1.300000000 AA 084670BQ0 Credit BERKSHIRE HATHAWAY 2.200% 3/15/21 03/15/2021 03/15/2016 02/15/2021 466,436.01 472,304.67 5,868.66 3,051.03 2.2 2.187487571 AA 166764AN0 Credit CHEVRON CORP 2.193% 11/15/19 11/15/2019 11/18/2014 500,969.72 499,880.00 -1,089.72 1,401.08 2.19 2.192780722 AA 166764AU4 Credit CHEVRON CORP 3.11094% 3/03/22 03/03/2022 03/03/2015 503,482.88 503,665.00 182.12 1,209.81 3.05 3.088705222 AA 17275RAX0 Credit CISCO SYSTEMS INC 2.450% 6/15/20 06/15/2020 06/17/2015 599,952.00 601,542.00 1,590.00 653.33 2.45 2.441162990 AA- 17275RBG6 Credit CISCO SYSTEMS INC 1.400% 9/20/19 09/20/2019 09/20/2016 39,955.60 39,914.00 -41.60 157.11 1.4 1.401176989 AA- 17325FAY4 Credit CITIBANK NA 2.844% 5/20/22 05/20/2022 05/22/2019 05/20/2021 260,000.00 261,983.80 1,983.80 801.06 2.84 2.811304528 A+ 30231GAV4 Credit EXXON MOBIL 2.222% 3/01/21 03/01/2021 03/03/2016 02/01/2021 495,685.00 501,385.00 5,700.00 3,703.33 2.22 2.210439402 AA+ 46647PBB1 Credit JPMORGAN CHASE CO 3.207% 4/01/23 04/01/2023 03/22/2019 04/01/2022 1,050,000.00 1,071,619.50 21,619.50 9,260.21 3.21 3.129116295 A- 478160CH5 Credit JOHNSON JOHNSON 1.950% 11/10/20 11/10/2020 11/10/2017 249,732.50 250,215.00 482.50 690.63 1.95 1.942269766 AAA 594918BV5 Credit MICROSOFT CORP 1.850% 2/06/20 02/06/2020 02/06/2017 499,665.00 498,930.00 -735.00 3,725.69 1.85 1.851870389 AAA 717081EM1 Credit PFIZER INC 3.000% 9/15/21 09/15/2021 09/07/2018 249,662.50 255,002.50 5,340.00 2,208.33 3 2.931978108 AA- 742718EZ8 Credit PROCTER GAMBLE CO 1.750% 10/25/19 10/25/2019 10/25/2017 149,947.50 149,740.50 -207.00 481.25 1.75 1.751418649 AA- 857477AS2 Credit STATE STREET CORP 2.550% 8/18/20 08/18/2020 08/18/2015 792,421.15 791,498.72 -922.43 7,423.62 2.55 2.536303959 A 88579YBF7 Credit 3M COMPANY MTN 2.750% 3/01/22 03/01/2022 02/22/2019 02/01/2022 249,882.50 254,115.00 4,232.50 2,463.54 2.75 2.690933999 AA- 90331HNG4 Credit US BANK NA MTN 2.050% 10/23/20 10/23/2020 10/24/2017 09/23/2020 249,950.00 249,565.00 -385.00 968.06 2.05 2.047399802 AA- 90331HPA5 Credit US BANK NA MTN 3.000% 2/04/21 02/04/2021 02/04/2019 01/04/2021 519,578.80 526,302.40 6,723.60 6,370.00 3 2.957005145 AA- 91159HHQ6 Credit US BANCORP MTN 3.22113% 1/24/22 01/24/2022 01/24/2017 12/23/2021 251,634.45 251,342.50 -291.95 1,521.09 3.22 3.204052003 A+ 931142DY6 Credit WALMART STORES INC 1.750% 10/09/19 10/09/2019 10/20/2017 294,994.10 294,498.50 -495.60 1,175.90 1.75 1.751033110 AA 931142EA7 Credit WALMART STORES INC 1.900% 12/15/20 12/15/2020 10/20/2017 489,760.00 499,100.00 9,340.00 422.22 1.9 1.898045014 AA 931142EJ8 Credit WALMART INC 3.125% 6/23/21 06/23/2021 06/27/2018 129,993.50 132,836.60 2,843.10 90.28 3.13 3.049702837 AA 94988J5Q6 Credit WELLS FARGO MTN 3.0915% 7/23/21 07/23/2021 07/23/2018 07/23/2020 500,000.00 500,525.00 525.00 3,136.03 3.09 3.086838873 A+ 94988J5T0 Credit WELLS FARGO MTN 3.625% 10/22/21 10/22/2021 10/23/2018 09/21/2021 529,941.70 544,972.50 15,030.80 3,682.40 3.63 3.512222534 A+ 3136B1XP4 Mortgage-Backed F N M A GTD REMIC 3.560% 9/25/21 09/25/2021 04/01/2018 164,801.97 165,857.73 1,055.76 482.56 3.56 3.489580270 N/A 3137B1U75 Mortgage-Backed F H L M C MLTCL MTG 2.522% 1/25/23 01/25/2023 05/07/2013 160,800.00 161,307.20 507.20 336.27 2.52 2.490077605 N/A 3137BNN26 Mortgage-Backed F H L M C MLTCL MT 1.77998% 7/25/19 07/25/2019 04/01/2016 1,076.40 1,074.28 -2.12 1.60 1.78 1.779981500 N/A 3137FGZN8 Mortgage-Backed F H L M C MLTCL 2.6305% 2/25/23 02/25/2023 08/14/2018 160,755.22 160,428.89 -326.33 74.21 2.63 2.634451878 N/A Payden & Rygel Operating Portfolio by Investment Category for Quarter ended June 30, 2019 ATTACHMENT 15 62 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM CUSIP Security Type Category Issuer Final Maturity Trade Date Next Call Date Original Cost Base Market Value Unrealized Gain/Loss Accrued Income Coupon Yield Credit Rating Payden & Rygel Operating Portfolio by Investment Category for Quarter ended June 30, 2019 3137FJXN4 Mortgage-Backed F H L M C MLTCL 2.6805% 2/25/23 02/25/2023 10/31/2018 179,676.20 179,448.01 -228.19 84.49 2.68 2.682593023 N/A 3137FJYA1 Mortgage-Backed F H L M C MLTCL MTG 3.454% 5/25/23 05/25/2023 11/01/2018 301,275.30 309,963.43 8,688.13 867.19 3.45 3.348715970 N/A 010831DN2 Taxable Muni ALAMEDA CNTY CA JT 2.866% 6/01/21 06/01/2021 04/24/2018 255,000.00 258,850.50 3,850.50 609.03 2.87 2.813058244 AA+ 13063BFS6 Taxable Muni CALIFORNIA ST BUILD 6.650% 3/01/22 03/01/2022 04/01/2010 474,067.48 467,325.75 -6,741.73 9,420.83 6.65 6.064198432 AA- 13063DGA0 Taxable Muni CALIFORNIA ST 2.800% 4/01/21 04/01/2021 04/25/2018 500,008.42 507,805.00 7,796.58 3,500.00 2.8 2.757588292 AA- 13066YTY5 Taxable Muni CALIFORNIA ST DEPT 1.713% 5/01/21 05/01/2021 09/28/2016 102,868.78 103,554.62 685.84 296.68 1.71 1.710263578 AA 13077CT38 Taxable Muni CALIFORNIA ST 1.982% 11/01/19 11/01/2019 08/05/2015 130,110.80 129,899.90 -210.90 429.43 1.98 1.981702745 AA- 156549AA5 Taxable Muni CENTURY HOUSING CORP 3.824% 11/01/20 11/01/2020 02/07/2019 110,000.00 110,792.00 792.00 701.07 3.82 3.768007410 AA- 20772JKP6 Taxable Muni CONNECTICUT ST 2.401% 10/15/21 10/15/2021 11/16/2012 120,216.00 120,103.20 -112.80 608.25 2.4 2.379041447 A 20772KGM5 Taxable Muni CONNECTICUT ST SER A 2.921% 4/15/23 04/15/2023 04/11/2019 301,695.00 306,171.00 4,476.00 1,947.33 2.92 2.835426819 A 419792YL4 Taxable Muni HAWAII ST SER FX 2.770% 1/01/22 01/01/2022 02/21/2019 190,000.00 193,002.00 3,002.00 1,900.53 2.77 2.706108772 AA+ 45750TAG8 Taxable Muni INLAND VLY CA DEV 3.627% 3/01/20 03/01/2020 05/15/2014 231,523.54 231,943.50 419.96 2,780.70 3.63 3.598606991 AA 544445AZ2 Taxable Muni LOS ANGELES CA DEPT 2.092% 5/15/20 05/15/2020 12/06/2016 98,788.00 100,036.00 1,248.00 267.31 2.09 2.090641083 AA 54465AGK2 Taxable Muni LOS ANGELES CA 1.125% 9/01/19 09/01/2019 08/25/2016 266,868.00 269,597.70 2,729.70 1,012.50 1.13 1.125281320 AA 649791EJ5 Taxable Muni NEW YORK ST REF SER 3.600% 9/01/19 09/01/2019 03/30/2011 504,884.94 500,920.00 -3,964.94 6,000.00 3.6 3.598416697 AA+ 697379UD5 Taxable Muni PALO ALTO CA 2.291% 8/01/20 08/01/2020 08/14/2012 321,873.50 326,056.25 4,182.75 3,102.40 2.29 2.280827509 AAA 78607QAT2 Taxable Muni SACRAMENTO CA 2.712% 11/01/19 11/01/2019 05/30/2018 130,000.00 130,132.60 132.60 587.60 2.71 2.709236579 AA+ 797299LR3 Taxable Muni SAN DIEGO CA PUBLIC 2.698% 10/15/19 10/15/2019 06/21/2018 500,000.00 500,630.00 630.00 2,847.89 2.7 2.695304695 AA- 797299LT9 Taxable Muni SAN DIEGO CA PUBLIC 2.994% 10/15/21 10/15/2021 06/21/2018 200,000.00 204,500.00 4,500.00 1,264.13 2.99 2.914010414 AA- 797669XT0 Taxable Muni SAN FRANCISCO CA 2.169% 7/01/20 07/01/2020 12/28/2017 100,000.00 100,047.00 47.00 1,084.50 2.17 2.164994760 AA+ 79770GGM2 Taxable Muni SAN FRANCISCO CITY 2.000% 8/01/20 08/01/2020 11/30/2017 299,607.00 299,886.00 279.00 2,500.00 2 1.997483171 AA- 798170AC0 Taxable Muni SAN JOSE CA REDEV 2.259% 8/01/20 08/01/2020 12/21/2017 190,000.00 190,571.90 571.90 1,788.38 2.26 2.250470716 AA 79876CBQ0 Taxable Muni SAN MARCOS CA REDEV 2.000% 10/01/20 10/01/2020 12/14/2017 109,256.40 109,683.20 426.80 550.00 2 2.001200720 AA- 801096AP3 Taxable Muni SANTA ANA CA CMNTY 3.346% 9/01/21 09/01/2021 11/08/2018 240,000.00 246,494.40 6,494.40 2,676.80 3.35 3.244543136 AA 80136PCY7 Taxable Muni SANTA BARBARA CA 3.300% 12/01/21 12/01/2021 11/28/2018 125,000.00 128,383.75 3,383.75 343.75 3.3 3.197023861 AA 80168FMA1 Taxable Muni SANTA CLARA VLY CA 2.387% 6/01/21 06/01/2021 03/30/2016 397,756.00 402,388.00 4,632.00 795.67 2.39 2.359021999 N/A 882723UC1 Taxable Muni TEXAS ST REF WTR 2.036% 8/01/20 08/01/2020 02/05/2015 250,869.67 250,215.00 -654.67 2,120.83 2.04 2.031226617 AAA 91412G2R5 Taxable Muni UNIV OF CALIFORNIA 1.877% 5/15/20 05/15/2020 09/28/2017 90,000.00 89,774.10 -225.90 215.86 1.88 1.879179849 AA- 91412G2S3 Taxable Muni UNIV OF CALIFORNIA 2.112% 5/15/21 05/15/2021 09/28/2017 140,000.00 140,057.40 57.40 377.81 2.11 2.093576527 AA- 91412HDJ9 Taxable Muni UNIV OF CA 3.283% 5/15/22 05/15/2022 06/05/2018 285,890.41 293,960.40 8,069.99 1,195.56 3.28 3.142348482 AA- 9128284P2 Treasuries U S TREASURY NT 2.625% 5/15/21 05/15/2021 05/15/2018 888,550.98 903,732.70 14,355.74 2,983.80 2.63 2.577572663 N/A 9128284T4 Treasuries U S TREASURY NT 2.625% 6/15/21 06/15/2021 06/15/2018 6,596,273.44 6,608,420.00 12,146.56 7,459.02 2.63 2.575094665 N/A 9128284W7 Treasuries U S TREASURY NT 2.750% 8/15/21 08/15/2021 08/15/2018 1,937,444.55 1,974,977.10 37,532.55 19,991.44 2.75 2.684970026 N/A 9128285A4 Treasuries U S TREASURY NT 2.750% 9/15/21 09/15/2021 09/15/2018 507,948.05 521,316.90 13,368.85 4,116.03 2.75 2.681095837 N/A 9128285F3 Treasuries U S TREASURY NT 2.875% 10/15/21 10/15/2021 10/15/2018 1,026,577.07 1,056,192.90 29,615.83 6,229.95 2.88 2.793486076 N/A 9128285L0 Treasuries U S TREASURY NT 2.875% 11/15/21 11/15/2021 11/15/2018 1,036,078.03 1,062,251.55 26,173.52 3,800.39 2.88 2.789880739 N/A 9128285Z9 Treasuries U S TREASURY NT 2.500% 1/31/24 01/31/2024 01/31/2019 260,898.05 269,563.41 8,665.36 2,721.75 2.5 2.391886720 N/A 9128286M7 Treasuries U S TREASURY NT 2.250% 4/15/22 04/15/2022 04/15/2019 1,828,797.02 1,855,803.00 27,005.98 8,662.50 2.25 2.205536386 N/A 9128286U9 Treasuries U S TREASURY NT 2.125% 5/15/22 05/15/2022 05/15/2019 2,512,869.90 2,518,012.50 5,142.60 6,757.85 2.13 2.088287899 N/A 9128286V7 Treasuries U S TREASURY NT 2.125% 5/31/21 05/31/2021 05/31/2019 6,619,603.51 6,634,812.00 15,208.49 11,861.10 2.13 2.103398101 N/A 9128286Y1 Treasuries U S TREASURY NT 1.750% 6/15/22 06/15/2022 06/17/2019 3,737,334.38 3,740,266.35 2,931.97 2,500.20 1.75 1.735215960 N/A 912828W71 Treasuries U S TREASURY NT 2.125% 3/31/24 03/31/2024 03/31/2017 257,623.44 264,347.20 6,723.76 1,388.80 2.13 2.062486048 N/A 912828Y20 Treasuries U S TREASURY NT 2.625% 7/15/21 07/15/2021 07/16/2018 249,619.14 254,327.50 4,708.36 3,027.45 2.63 2.572344116 N/A 52,701,788.26 53,113,466.20 410,851.96 224,865.79 63 Page 29 of 37 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount 04/01/2019 13063DGA0 INTEREST EARNED ON CALIFORNIA ST 2.800% 4/01/21 $1 PV ON 500000.0000 SHARES DUE 4/1/2019 - - - - - 7,000.00 - - - 04/01/2019 04/01/2019 04/01/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 37,456.25 1.00 - - - (37,456.25) 37,456.25 - - 04/01/2019 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 3/31/2019 INTEREST FROM 3/1/19 TO 3/31/19 - - - - - 551.06 - - - 04/01/2019 79876CBQ0 INTEREST EARNED ON SAN MARCOS CA REDEV 2.000% 10/01/20 $1 PV ON 110000.0000 SHARES DUE 4/1/2019 - - - - - 1,100.00 - - - 04/01/2019 9128285B2 INTEREST EARNED ON U S TREASURY NT 2.750% 9/30/20 $1 PV ON 2135000.0000 SHARES DUE 3/31/2019 - - - - - 29,356.25 - - - 04/02/2019 43557 43557 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 551.06 1.00 - - - (551.06) 551.06 - - 04/03/2019 04/03/2019 04/03/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 38,255.39 1.00 - - - (38,255.39) 38,255.39 - - 04/03/2019 43556 43558 9128285X4 SOLD PAR VALUE OF U S TREASURY NT 2.500% 1/31/21 /CITIGROUP GLOBAL MARKETS INC./4,729,000 PAR VALUE AT 100.26250011 %(4,729,000.00) 1.00 - - - 4,741,413.63 (4,727,422.18) 13,991.45 - 04/03/2019 04/03/2019 9128285X4 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.500% 1/31/21 - - - - - 20,248.48 - - - 04/03/2019 43556 43558 912828C57 PURCHASED PAR VALUE OF U S TREASURY NT 2.250% 3/31/21 /CITIGROUP GLOBAL MARKETS INC./4,729,000 PAR VALUE AT 99.86328124 %4,729,000.00 1.00 - - - (4,722,534.57) 4,722,534.57 - - 04/03/2019 43558 912828C57 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.250% 3/31/21 - - - - - (872.15) - - - 04/05/2019 04/05/2019 04/05/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,668.20 1.00 - - - (3,668.20) 3,668.20 - - 04/05/2019 9128286D7 ACCREDITED DISCOUNT ON U S TREASURY NT 2.500% 2/28/21 CURRENT YEAR OID - - - - - - 788.66 - - 04/05/2019 9128286D7 ACCREDITED DISCOUNT ON U S TREASURY NT 2.500% 2/28/21 CURRENT YEAR ACQ. PREMIUM OID - - - - - - (788.14) - - 04/05/2019 43558 43560 9128286D7 SOLD PAR VALUE OF U S TREASURY NT 2.500% 2/28/21 /BMO CAPITAL MARKETS CORP/BONDS/260,000 PAR VALUE AT 100.28125 %(260,000.00) 1.00 - - - 260,731.25 (259,888.34) 842.91 - 04/05/2019 04/05/2019 9128286D7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.500% 2/28/21 - - - - - 635.87 - - - 04/05/2019 43558 43560 912828W71 PURCHASED PAR VALUE OF U S TREASURY NT 2.125% 3/31/24 /BMO CAPITAL MARKETS CORP/BONDS/260,000 PAR VALUE AT 99.08593846 %260,000.00 0.99 - - - (257,623.44) 257,623.44 - - 04/05/2019 43560 912828W71 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.125% 3/31/24 - - - - - (75.48) - - - 04/08/2019 17305EGB5 INTEREST EARNED ON CITIBANK CREDIT 1.920% 4/07/22 $1 PV ON 2208.0000 SHARES DUE 4/7/2019 $0.00960/PV ON 230,000.00 PV DUE 4/ 7/19 - - - - - 2,208.00 - - - 04/08/2019 43563 43563 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,208.00 1.00 - - - (2,208.00) 2,208.00 - - 04/09/2019 43564 43564 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 19,622.57 1.00 - - - (19,622.57) 19,622.57 - - 04/09/2019 04/05/2019 04/09/2019 9128285V8 SOLD PAR VALUE OF U S TREASURY NT 2.500% 1/15/22 /BMO CAPITAL MARKETS CORP/BONDS/2,490,000 PAR VALUE AT 100.4843751 %(2,490,000.00) 1.00 - - - 2,502,060.94 (2,484,430.86) 17,630.08 - 04/09/2019 43564 9128285V8 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.500% 1/15/22 - - - - - 14,444.75 - - - 04/09/2019 04/05/2019 04/09/2019 9128286H8 PURCHASED PAR VALUE OF U S TREASURY NT 2.375% 3/15/22 /BMO CAPITAL MARKETS CORP/BONDS/2,490,000 PAR VALUE AT 100.2187502 %2,490,000.00 1.00 - - - (2,495,446.88) 2,495,446.88 - - 04/09/2019 43564 9128286H8 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.375% 3/15/22 - - - - - (4,017.49) - - - 04/09/2019 931142DY6 INTEREST EARNED ON WALMART STORES INC 1.750% 10/09/19 $1 PV ON 295000.0000 SHARES DUE 4/9/2019 - - - - - 2,581.25 - - - 04/11/2019 43553 04/11/2019 20772KGM5 PURCHASED PAR VALUE OF CONNECTICUT ST SER A 2.921% 4/15/23 /BARCLAYS CAPITAL INC. FIXED IN/200,000 PAR VALUE AT 100 %200,000.00 1.00 - - - (200,000.00) 200,000.00 - - 04/11/2019 04/11/2019 04/11/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (200,000.00) 1.00 - - - 200,000.00 (200,000.00) - - 04/12/2019 3130AF5B9 INTEREST EARNED ON F H L B DEB 3.000% 10/12/21 $1 PV ON 620000.0000 SHARES DUE 4/12/2019 - - - - - 9,300.00 - - - 04/12/2019 04/12/2019 04/12/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 9,300.00 1.00 - - - (9,300.00) 9,300.00 - - 04/15/2019 06406FAA1 INTEREST EARNED ON BANK OF NY MTN 2.500% 4/15/21 $1 PV ON 750000.0000 SHARES DUE 4/15/2019 - - - - - 9,375.00 - - - 04/15/2019 06406FAA1 AMORTIZED PREMIUM ON BANK OF NY MTN 2.500% 4/15/21 CURRENT YEAR AMORTIZATION - - - - - - (817.44) - - 04/15/2019 43570 04/15/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 206,830.32 1.00 - - - (206,830.32) 206,830.32 - - 04/15/2019 47787XAC1 INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV ON 306.7200 SHARES DUE 4/15/2019 $0.00148/PV ON 206,779.40 PV DUE 4/15/19 - - - - - 306.72 - - - 04/15/2019 43570 43570 47787XAC1 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 1.780% 4/15/21 (20,450.20) - - - - 20,450.20 (20,447.29) - 2.91 04/15/2019 47789JAD8 INTEREST EARNED ON JOHN DEERE OWNER 2.910% 7/17/23 $1 PV ON 672.5300 SHARES DUE 4/15/2019 $0.00259/PV ON 260,000.00 PV DUE 4/15/19 - - - - - 672.53 - - - Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2019 ATTACHMENT 16 64 Page 30 of 37 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2019 04/15/2019 58769DAD2 INTEREST EARNED ON MERCEDES BENZ AUTO 1.790% 4/15/20 $1 PV ON 374.9400 SHARES DUE 4/15/2019 $0.00149/PV ON 251,352.63 PV DUE 4/15/19 - - - - - 374.94 - - - 04/15/2019 04/15/2019 04/15/2019 58769DAD2 PAID DOWN PAR VALUE OF MERCEDES BENZ AUTO 1.790% 4/15/20 (74,181.01) - - - - 74,181.01 (74,179.32) - 1.69 04/15/2019 65478BAD3 INTEREST EARNED ON NISSAN AUTO LEASE 3.250% 9/15/21 $1 PV ON 541.6700 SHARES DUE 4/15/2019 $0.00271/PV ON 200,000.00 PV DUE 4/15/19 - - - - - 541.67 - - - 04/15/2019 65478NAD7 INTEREST EARNED ON NISSAN AUTO 3.220% 6/15/23 $1 PV ON 1207.5000 SHARES DUE 4/15/2019 $0.00268/PV ON 450,000.00 PV DUE 4/15/19 - - - - - 1,207.50 - - - 04/15/2019 65479BAD2 INTEREST EARNED ON NISSAN AUTO LEASE 2.050% 9/15/20 $1 PV ON 375.8300 SHARES DUE 4/15/2019 $0.00171/PV ON 220,000.00 PV DUE 4/15/19 - - - - - 375.83 - - - 04/15/2019 65479KAD2 INTEREST EARNED ON NISSAN AUTO 2.900% 10/16/23 $1 PV ON 773.3300 SHARES DUE 4/15/2019 $0.00242/PV ON 320,000.00 PV DUE 4/15/19 - - - - - 773.33 - - - 04/15/2019 797299LR3 INTEREST EARNED ON SAN DIEGO CA PUBLIC 2.698% 10/15/19 $1 PV ON 500000.0000 SHARES DUE 4/15/2019 - - - - - 6,745.00 - - - 04/15/2019 797299LT9 INTEREST EARNED ON SAN DIEGO CA PUBLIC 2.994% 10/15/21 $1 PV ON 200000.0000 SHARES DUE 4/15/2019 - - - - - 2,994.00 - - - 04/15/2019 89190BAD0 INTEREST EARNED ON TOYOTA AUTO 1.760% 7/15/21 $1 PV ON 706.1900 SHARES DUE 4/15/2019 $0.00147/PV ON 481,494.86 PV DUE 4/15/19 - - - - - 706.19 - - - 04/15/2019 43570 04/15/2019 89190BAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.760% 7/15/21 (34,849.57) - - - - 34,849.57 (34,846.90) - 2.67 04/15/2019 89238MAD0 INTEREST EARNED ON TOYOTA AUTO 1.730% 2/16/21 $1 PV ON 376.6500 SHARES DUE 4/15/2019 $0.00144/PV ON 261,259.67 PV DUE 4/15/19 - - - - - 376.65 - - - 04/15/2019 04/15/2019 04/15/2019 89238MAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.730% 2/16/21 (24,999.13) - - - - 24,999.13 (24,996.19) - 2.94 04/15/2019 89239AAD5 INTEREST EARNED ON TOYOTA AUTO 2.910% 7/17/23 $1 PV ON 824.5000 SHARES DUE 4/15/2019 $0.00243/PV ON 340,000.00 PV DUE 4/15/19 - - - - - 824.50 - - - 04/15/2019 90290AAC1 INTEREST EARNED ON USAA AUTO OWNER 1.700% 5/17/21 $1 PV ON 161.7800 SHARES DUE 4/15/2019 $0.00142/PV ON 114,200.91 PV DUE 4/15/19 - - - - - 161.78 - - - 04/15/2019 43570 04/15/2019 90290AAC1 PAID DOWN PAR VALUE OF USAA AUTO OWNER 1.700% 5/17/21 (12,108.52) - - - - 12,108.52 (12,107.24) - 1.28 04/15/2019 9128285F3 INTEREST EARNED ON U S TREASURY NT 2.875% 10/15/21 $1 PV ON 1030000.0000 SHARES DUE 4/15/2019 - - - - - 14,806.25 - - - 04/18/2019 3130AF4M6 INTEREST EARNED ON F H L B DEB 3.360% 10/18/22 $1 PV ON 255000.0000 SHARES DUE 4/18/2019 - - - - - 4,284.00 - - - 04/18/2019 3130AF4M6 ACCREDITED DISCOUNT ON F H L B DEB 3.360% 10/18/22 CURRENT YEAR MARKET DISCOUNT - - - - - - 382.50 - - 04/18/2019 43573 04/18/2019 3130AF4M6 FULL CALL PAR VALUE OF F H L B DEB 3.360% 10/18/22 /CALLS/(255,000.00) 1.00 - - - 255,000.00 (255,000.00) - - 04/18/2019 43573 43573 3134GSQ57 FULL CALL PAR VALUE OF F H L M C M T N 3.000% 1/18/22 /CALLS/(260,000.00) 1.00 - - - 260,000.00 (260,000.00) - - 04/18/2019 3134GSQ57 INTEREST EARNED ON F H L M C M T N 3.000% 1/18/22 $1 PV ON 260000.0000 SHARES DUE 4/18/2019 - - - - - 1,950.00 - - - 04/18/2019 43573 04/18/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,950.00 1.00 - - - (1,950.00) 1,950.00 - - 04/18/2019 04/18/2019 04/18/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (133,645.13) 1.00 - - - 133,645.13 (133,645.13) - - 04/18/2019 43814PAC4 INTEREST EARNED ON HONDA AUTO 1.790% 9/20/21 $1 PV ON 223.7500 SHARES DUE 4/18/2019 $0.00149/PV ON 150,000.00 PV DUE 4/18/19 - - - - - 223.75 - - - 04/18/2019 43567 43573 9128286M7 PURCHASED PAR VALUE OF U S TREASURY NT 2.250% 4/15/22 /NATWEST MKTS SECS/FIXED INCOME/655,000 PAR VALUE AT 99.6995542 %655,000.00 1.00 - - - (653,032.08) 653,032.08 - - 04/18/2019 43573 9128286M7 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.250% 4/15/22 - - - - - (120.80) - - - 04/22/2019 05584PAD9 INTEREST EARNED ON BMW VEHICLE LEASE 2.070% 10/20/20 $1 PV ON 172.5000 SHARES DUE 4/20/2019 $0.00173/PV ON 100,000.00 PV DUE 4/20/19 - - - - - 172.50 - - - 04/22/2019 04/22/2019 04/22/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 9,725.38 1.00 - - - (9,725.38) 9,725.38 - - 04/22/2019 94988J5T0 INTEREST EARNED ON WELLS FARGO MTN 3.625% 10/22/21 $1 PV ON 530000.0000 SHARES DUE 4/22/2019 - - - - - 9,552.88 - - - 04/23/2019 43578 43578 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 6,652.98 1.00 - - - (6,652.98) 6,652.98 - - 04/23/2019 90331HNG4 INTEREST EARNED ON US BANK NA MTN 2.050% 10/23/20 $1 PV ON 250000.0000 SHARES DUE 4/23/2019 - - - - - 2,562.50 - - - 04/23/2019 94988J5Q6 INTEREST EARNED ON WELLS FARGO MTN 3.27238% 7/23/21 $1 PV ON 500000.0000 SHARES DUE 4/23/2019 - - - - - 4,090.48 - - - 04/24/2019 04/24/2019 04/24/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,137.03 1.00 - - - (2,137.03) 2,137.03 - - 04/24/2019 91159HHQ6 INTEREST EARNED ON US BANCORP MTN 3.41925% 1/24/22 $1 PV ON 250000.0000 SHARES DUE 4/24/2019 - - - - - 2,137.03 - - - 65 Page 31 of 37 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2019 04/24/2019 91159HHQ6 AMORTIZED PREMIUM ON US BANCORP MTN 3.41925% 1/24/22 CURRENT YEAR AMORTIZATION - - - - - - (135.56) - - 04/25/2019 TRUST FEES COLLECTED CHARGED FOR PERIOD 03/01/2019 THRU 03/31/2019 COLLECTED BY DISBURSEMENT - - - - - (544.85) - - - 04/25/2019 05582QAD9 INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV ON 128.9300 SHARES DUE 4/25/2019 $0.00097/PV ON 133,378.84 PV DUE 4/25/19 - - - - - 128.93 - - - 04/25/2019 43580 43580 05582QAD9 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.160% 11/25/20 (23,329.63) - - - - 23,329.63 (23,329.52) - 0.11 04/25/2019 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 500.7700 SHARES DUE 4/25/2019 $0.00297/PV ON 168,800.19 PV DUE 4/25/19 - - - - - 500.77 - - - 04/25/2019 3136B1XP4 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560% 9/25/21 CURRENT YEAR AMORTIZATION - - - - - - (83.67) - - 04/25/2019 04/25/2019 04/25/2019 3136B1XP4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.560% 9/25/21 (3,231.74) - - - - 3,231.74 (3,277.42) - (45.68) 04/25/2019 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 168800.1900 SHARES DUE 4/25/2019 PEN PAYMENT - - - - - 9.02 - - - 04/25/2019 3137BNN26 INTEREST EARNED ON F H L M C MLTCL MTG 1.780% 7/25/19 $1 PV ON 36.2900 SHARES DUE 4/25/2019 $0.00148/PV ON 24,463.91 PV DUE 4/25/19 - - - - - 36.29 - - - 04/25/2019 3137BNN26 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.780% 7/25/19 CURRENT YEAR AMORTIZATION - - - - - - (6.40) - - 04/25/2019 04/25/2019 04/25/2019 3137BNN26 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.780% 7/25/19 (11,542.50) 86.70 - - - 11,542.50 (11,551.36) - (8.86) 04/25/2019 3137FGZN8 INTEREST EARNED ON F H L M C MLTCL 2.78006% 2/25/23 $1 PV ON 429.5000 SHARES DUE 4/25/2019 $0.00232/PV ON 185,391.78 PV DUE 4/25/19 - - - - - 429.50 - - - 04/25/2019 43580 04/25/2019 3137FGZN8 PAID DOWN PAR VALUE OF F H L M C MLTCL 2.78006% 2/25/23 (12,448.73) - - - - 12,448.73 (12,448.73) - - 04/25/2019 3137FJXN4 INTEREST EARNED ON F H L M C MLTCL 2.83173% 2/25/23 $1 PV ON 471.9500 SHARES DUE 4/25/2019 $0.00236/PV ON 200,000.00 PV DUE 4/25/19 - - - - - 471.95 - - - 04/25/2019 3137FJYA1 INTEREST EARNED ON F H L M C MLTCL MTG 3.454% 5/25/23 $1 PV ON 1876.7600 SHARES DUE 4/25/2019 $0.00535/PV ON 350,597.22 PV DUE 4/25/19 - - - - - 1,876.76 - - - 04/25/2019 43580 04/25/2019 3137FJYA1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 3.454% 5/25/23 (31,349.84) 0.08 - - - 31,349.84 (31,348.99) 0.85 - 04/25/2019 04/25/2019 04/25/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 44,814.41 1.00 - - - (44,814.41) 44,814.41 - - 04/25/2019 43580 43580 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 41,308.90 1.00 - - - (41,308.90) 41,308.90 - - 04/25/2019 742718EZ8 INTEREST EARNED ON PROCTER GAMBLE CO 1.750% 10/25/19 $1 PV ON 150000.0000 SHARES DUE 4/25/2019 - - - - - 1,312.50 - - - 04/30/2019 04/30/2019 04/30/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (363,721.99) 1.00 - - - 363,721.99 (363,721.99) - - 04/30/2019 04/25/2019 04/30/2019 9128283H1 PURCHASED PAR VALUE OF U S TREASURY NT 1.750% 11/30/19 /CITIGROUP GLOBAL MARKETS INC./370,000 PAR VALUE AT 99.57812432 %370,000.00 1.00 - - - (368,439.06) 368,439.06 - - 04/30/2019 43585 9128283H1 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.750% 11/30/19 - - - - - (2,686.06) - - - 04/30/2019 9128285G1 INTEREST EARNED ON U S TREASURY NT 2.875% 10/31/20 $1 PV ON 515000.0000 SHARES DUE 4/30/2019 - - - - - 7,403.13 - - - 04/30/2019 9128285G1 AMORTIZED PREMIUM ON U S TREASURY NT 2.875% 10/31/20 CURRENT YEAR AMORTIZATION - - - - - - (43.41) - - 05/01/2019 13066YTY5 INTEREST EARNED ON CALIFORNIA ST DEPT 1.713% 5/01/21 $1 PV ON 908.9300 SHARES DUE 5/1/2019 $0.00857/PV ON 106,121.11 PV DUE 5/ 1/19 - - - - - 908.93 - - - 05/01/2019 43586 43586 13066YTY5 PAID DOWN PAR VALUE OF CALIFORNIA ST DEPT 1.713% 5/01/21 (2,205.90) - - - - 2,205.90 (2,183.69) - 22.21 05/01/2019 13077CT38 INTEREST EARNED ON CALIFORNIA ST 1.982% 11/01/19 $1 PV ON 130000.0000 SHARES DUE 5/1/2019 - - - - - 1,288.30 - - - 05/01/2019 13077CT38 AMORTIZED PREMIUM ON CALIFORNIA ST 1.982% 11/01/19 CURRENT YEAR AMORTIZATION - - - - - - (72.02) - - 05/01/2019 156549AA5 INTEREST EARNED ON CENTURY HOUSING CORP 3.824% 11/01/20 $1 PV ON 110000.0000 SHARES DUE 5/1/2019 - - - - - 981.49 - - - 05/01/2019 05/01/2019 05/01/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 7,147.42 1.00 - - - (7,147.42) 7,147.42 - - 05/01/2019 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 4/30/2019 INTEREST FROM 4/1/19 TO 4/30/19 - - - - - 673.90 - - - 05/01/2019 78607QAT2 INTEREST EARNED ON SACRAMENTO CA 2.712% 11/01/19 $1 PV ON 130000.0000 SHARES DUE 5/1/2019 - - - - - 1,762.80 - - - 05/02/2019 05/02/2019 05/02/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 673.90 1.00 - - - (673.90) 673.90 - - 05/06/2019 43591 05/06/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 47,235.86 1.00 - - - (47,235.86) 47,235.86 - - 05/06/2019 43587 43591 9128282Q2 SOLD PAR VALUE OF U S TREASURY NT 1.500% 8/15/20 /CITIGROUP GLOBAL MARKETS INC./1,458,000 PAR VALUE AT 98.86718724 %(1,458,000.00) 0.99 - - - 1,441,483.59 (1,457,105.41) - (15,621.82) 05/06/2019 05/06/2019 9128282Q2 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.500% 8/15/20 - - - - - 4,833.15 - - - 05/06/2019 9128283H1 ACCREDITED DISCOUNT ON U S TREASURY NT 1.750% 11/30/19 MARKET DISCOUNT - - - - - - 43.76 - - 66 Page 32 of 37 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2019 05/06/2019 05/02/2019 05/06/2019 9128283H1 SOLD PAR VALUE OF U S TREASURY NT 1.750% 11/30/19 /CITIGROUP GLOBAL MARKETS INC./370,000 PAR VALUE AT 99.60937568 %(370,000.00) 1.00 - - - 368,554.69 (368,482.82) 71.87 - 05/06/2019 05/06/2019 9128283H1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.750% 11/30/19 - - - - - 2,792.79 - - - 05/06/2019 43587 43591 9128284Y3 SOLD PAR VALUE OF U S TREASURY NT 2.625% 8/31/20 /NATWEST MKTS SECS/FIXED INCOME/3,820,000 PAR VALUE AT 100.27734372 %(3,820,000.00) 1.00 - - - 3,830,594.53 (3,816,830.08) 13,764.45 - 05/06/2019 05/06/2019 9128284Y3 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.625% 8/31/20 - - - - - 18,256.59 - - - 05/06/2019 9128286C9 AMORTIZED PREMIUM ON U S TREASURY NT 2.500% 2/15/22 CURRENT YEAR AMORTIZATION - - - - - - (42.11) - - 05/06/2019 43586 43591 9128286C9 SOLD PAR VALUE OF U S TREASURY NT 2.500% 2/15/22 /MLPFS INC/FIXED INCOME/1,175,000 PAR VALUE AT 100.71874979 %(1,175,000.00) 1.01 - - - 1,183,445.31 (1,174,933.67) 8,511.64 - 05/06/2019 05/06/2019 9128286C9 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.500% 2/15/22 - - - - - 6,491.71 - - - 05/06/2019 43586 43591 9128286M7 PURCHASED PAR VALUE OF U S TREASURY NT 2.250% 4/15/22 /MLPFS INC/FIXED INCOME/1,175,000 PAR VALUE AT 100.06510128 %1,175,000.00 1.00 - - - (1,175,764.94) 1,175,764.94 - - 05/06/2019 05/06/2019 9128286M7 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.250% 4/15/22 - - - - - (1,516.91) - - - 05/06/2019 05/02/2019 05/06/2019 912828WG1 PURCHASED PAR VALUE OF U S TREASURY NT 2.250% 4/30/21 /NOMURA SECURITIES/FIX INCOME/5,640,000 PAR VALUE AT 99.82031259 %5,640,000.00 1.00 - - - (5,629,865.63) 5,629,865.63 - - 05/06/2019 05/06/2019 912828WG1 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.250% 4/30/21 - - - - - (2,069.02) - - - 05/10/2019 43595 05/10/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,437.50 1.00 - - - (2,437.50) 2,437.50 - - 05/10/2019 478160CH5 INTEREST EARNED ON JOHNSON JOHNSON 1.950% 11/10/20 $1 PV ON 250000.0000 SHARES DUE 5/10/2019 - - - - - 2,437.50 - - - 05/13/2019 037833CS7 INTEREST EARNED ON APPLE INC 1.800% 5/11/20 $1 PV ON 485000.0000 SHARES DUE 5/11/2019 - - - - - 4,365.00 - - - 05/13/2019 05/13/2019 05/13/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 16,826.67 1.00 - - - (16,826.67) 16,826.67 - - 05/13/2019 9128286D7 ACCREDITED DISCOUNT ON U S TREASURY NT 2.500% 2/28/21 CURRENT YEAR OID - - - - - - 803.03 - - 05/13/2019 9128286D7 ACCREDITED DISCOUNT ON U S TREASURY NT 2.500% 2/28/21 CURRENT YEAR ACQ. PREMIUM OID - - - - - - (802.45) - - 05/13/2019 43593 05/13/2019 9128286D7 SOLD PAR VALUE OF U S TREASURY NT 2.500% 2/28/21 /CITIGROUP GLOBAL MARKETS INC./1,530,000 PAR VALUE AT 100.30829608 %(1,530,000.00) 1.00 - - - 1,534,716.93 (1,528,908.27) 5,808.66 - 05/13/2019 05/13/2019 9128286D7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.500% 2/28/21 - - - - - 7,691.58 - - - 05/13/2019 43593 05/13/2019 912828WG1 PURCHASED PAR VALUE OF U S TREASURY NT 2.250% 4/30/21 /CITIGROUP GLOBAL MARKETS INC./1,530,000 PAR VALUE AT 99.91704183 %1,530,000.00 1.00 - - - (1,528,730.74) 1,528,730.74 - - 05/13/2019 43598 912828WG1 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.250% 4/30/21 - - - - - (1,216.10) - - - 05/15/2019 06406HBM0 AMORTIZED PREMIUM ON BANK NY MELLON MTN 5.450% 5/15/19 CURRENT YEAR AMORTIZATION - - - - - - (3,229.45) - - 05/15/2019 43600 43600 06406HBM0 MATURED PAR VALUE OF BANK NY MELLON MTN 5.450% 5/15/19 242,000 PAR VALUE AT 100 %(242,000.00) 1.00 - - - 242,000.00 (242,000.00) - - 05/15/2019 06406HBM0 INTEREST EARNED ON BANK NY MELLON MTN 5.450% 5/15/19 $1 PV ON 242000.0000 SHARES DUE 5/15/2019 INTEREST ON 5/15/19 MATURITY - - - - - 6,594.50 - - - 05/15/2019 166764AN0 INTEREST EARNED ON CHEVRON CORP 2.193% 11/15/19 $1 PV ON 500000.0000 SHARES DUE 5/15/2019 - - - - - 5,482.50 - - - 05/15/2019 166764AN0 AMORTIZED PREMIUM ON CHEVRON CORP 2.193% 11/15/19 CURRENT YEAR AMORTIZATION - - - - - - (711.50) - - 05/15/2019 05/15/2019 05/15/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 464,167.96 1.00 - - - (464,167.96) 464,167.96 - - 05/15/2019 43600 05/15/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 6,594.50 1.00 - - - (6,594.50) 6,594.50 - - 05/15/2019 47787XAC1 INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV ON 276.3900 SHARES DUE 5/15/2019 $0.00148/PV ON 186,329.20 PV DUE 5/15/19 - - - - - 276.39 - - - 05/15/2019 05/15/2019 05/15/2019 47787XAC1 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 1.780% 4/15/21 (22,806.59) - - - - 22,806.59 (22,803.34) - 3.25 05/15/2019 47789JAD8 INTEREST EARNED ON JOHN DEERE OWNER 2.910% 7/17/23 $1 PV ON 630.5000 SHARES DUE 5/15/2019 $0.00243/PV ON 260,000.00 PV DUE 5/15/19 - - - - - 630.50 - - - 05/15/2019 544445AZ2 INTEREST EARNED ON LOS ANGELES CA DEPT 2.092% 5/15/20 $1 PV ON 100000.0000 SHARES DUE 5/15/2019 - - - - - 1,046.00 - - - 05/15/2019 58769DAD2 INTEREST EARNED ON MERCEDES BENZ AUTO 1.790% 4/15/20 $1 PV ON 264.2800 SHARES DUE 5/15/2019 $0.00149/PV ON 177,171.62 PV DUE 5/15/19 - - - - - 264.28 - - - 05/15/2019 05/15/2019 05/15/2019 58769DAD2 PAID DOWN PAR VALUE OF MERCEDES BENZ AUTO 1.790% 4/15/20 (82,207.89) - - - - 82,207.89 (82,206.02) - 1.87 67 Page 33 of 37 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2019 05/15/2019 65478BAD3 INTEREST EARNED ON NISSAN AUTO LEASE 3.250% 9/15/21 $1 PV ON 541.6700 SHARES DUE 5/15/2019 $0.00271/PV ON 200,000.00 PV DUE 5/15/19 - - - - - 541.67 - - - 05/15/2019 65478NAD7 INTEREST EARNED ON NISSAN AUTO 3.220% 6/15/23 $1 PV ON 1207.5000 SHARES DUE 5/15/2019 $0.00268/PV ON 450,000.00 PV DUE 5/15/19 - - - - - 1,207.50 - - - 05/15/2019 65479BAD2 INTEREST EARNED ON NISSAN AUTO LEASE 2.050% 9/15/20 $1 PV ON 375.8300 SHARES DUE 5/15/2019 $0.00171/PV ON 220,000.00 PV DUE 5/15/19 - - - - - 375.83 - - - 05/15/2019 65479KAD2 INTEREST EARNED ON NISSAN AUTO 2.900% 10/16/23 $1 PV ON 773.3300 SHARES DUE 5/15/2019 $0.00242/PV ON 320,000.00 PV DUE 5/15/19 - - - - - 773.33 - - - 05/15/2019 89190BAD0 INTEREST EARNED ON TOYOTA AUTO 1.760% 7/15/21 $1 PV ON 655.0800 SHARES DUE 5/15/2019 $0.00147/PV ON 446,645.29 PV DUE 5/15/19 - - - - - 655.08 - - - 05/15/2019 43600 43600 89190BAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.760% 7/15/21 (34,596.61) - - - - 34,596.61 (34,593.96) - 2.65 05/15/2019 89238MAD0 INTEREST EARNED ON TOYOTA AUTO 1.730% 2/16/21 $1 PV ON 340.6100 SHARES DUE 5/15/2019 $0.00144/PV ON 236,260.54 PV DUE 5/15/19 - - - - - 340.61 - - - 05/15/2019 05/15/2019 05/15/2019 89238MAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.730% 2/16/21 (24,239.63) - - - - 24,239.63 (24,236.78) - 2.85 05/15/2019 89239AAD5 INTEREST EARNED ON TOYOTA AUTO 2.910% 7/17/23 $1 PV ON 824.5000 SHARES DUE 5/15/2019 $0.00243/PV ON 340,000.00 PV DUE 5/15/19 - - - - - 824.50 - - - 05/15/2019 90290AAC1 INTEREST EARNED ON USAA AUTO OWNER 1.700% 5/17/21 $1 PV ON 144.6300 SHARES DUE 5/15/2019 $0.00142/PV ON 102,092.39 PV DUE 5/15/19 - - - - - 144.63 - - - 05/15/2019 43600 43600 90290AAC1 PAID DOWN PAR VALUE OF USAA AUTO OWNER 1.700% 5/17/21 (12,193.71) - - - - 12,193.71 (12,192.42) - 1.29 05/15/2019 9128284P2 INTEREST EARNED ON U S TREASURY NT 2.625% 5/15/21 $1 PV ON 890000.0000 SHARES DUE 5/15/2019 - - - - - 11,681.25 - - - 05/15/2019 9128285L0 INTEREST EARNED ON U S TREASURY NT 2.875% 11/15/21 $1 PV ON 1035000.0000 SHARES DUE 5/15/2019 - - - - - 14,878.13 - - - 05/15/2019 9128285L0 AMORTIZED PREMIUM ON U S TREASURY NT 2.875% 11/15/21 CURRENT YEAR AMORTIZATION - - - - - - (133.19) - - 05/15/2019 91412G2R5 INTEREST EARNED ON UNIV OF CALIFORNIA 1.877% 5/15/20 $1 PV ON 90000.0000 SHARES DUE 5/15/2019 - - - - - 844.65 - - - 05/15/2019 91412G2S3 INTEREST EARNED ON UNIV OF CALIFORNIA 2.112% 5/15/21 $1 PV ON 140000.0000 SHARES DUE 5/15/2019 - - - - - 1,478.40 - - - 05/15/2019 91412HDJ9 INTEREST EARNED ON UNIV OF CA 3.283% 5/15/22 $1 PV ON 285000.0000 SHARES DUE 5/15/2019 - - - - - 4,678.28 - - - 05/15/2019 91412HDJ9 AMORTIZED PREMIUM ON UNIV OF CA 3.283% 5/15/22 CURRENT YEAR AMORTIZATION - - - - - - (97.73) - - 05/20/2019 05584PAD9 INTEREST EARNED ON BMW VEHICLE LEASE 2.070% 10/20/20 $1 PV ON 172.5000 SHARES DUE 5/20/2019 $0.00173/PV ON 100,000.00 PV DUE 5/20/19 - - - - - 172.50 - - - 05/20/2019 43605 43605 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 9,642.26 1.00 - - - (9,642.26) 9,642.26 - - 05/20/2019 43814PAC4 INTEREST EARNED ON HONDA AUTO 1.790% 9/20/21 $1 PV ON 223.7500 SHARES DUE 5/18/2019 $0.00149/PV ON 150,000.00 PV DUE 5/18/19 - - - - - 223.75 - - - 05/20/2019 43603 05/20/2019 43814PAC4 PAID DOWN PAR VALUE OF HONDA AUTO 1.790% 9/20/21 (9,246.01) - - - - 9,246.01 (9,245.01) - 1.00 05/21/2019 05/21/2019 05/21/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (315,662.85) 1.00 - - - 315,662.85 (315,662.85) - - 05/21/2019 43605 05/21/2019 912828WG1 PURCHASED PAR VALUE OF U S TREASURY NT 2.250% 4/30/21 /NOMURA SECURITIES/FIX INCOME/315,000 PAR VALUE AT 100.08203175 %315,000.00 1.00 - - - (315,258.40) 315,258.40 - - 05/21/2019 05/21/2019 912828WG1 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.250% 4/30/21 - - - - - (404.45) - - - 05/22/2019 43600 05/22/2019 17325FAY4 PURCHASED PAR VALUE OF CITIBANK NA 2.844% 5/20/22 /CITIGROUP GLOBAL MARKETS INC./260,000 PAR VALUE AT 100 %260,000.00 1.00 - - - (260,000.00) 260,000.00 - - 05/22/2019 43607 43607 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (260,000.00) 1.00 - - - 260,000.00 (260,000.00) - - 05/24/2019 TRUST FEES COLLECTED CHARGED FOR PERIOD 04/01/2019 THRU 04/30/2019 COLLECTED BY DISBURSEMENT - - - - - (546.54) - - - 05/24/2019 05/24/2019 05/24/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (546.54) 1.00 - - - 546.54 (546.54) - - 05/28/2019 05582QAD9 INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV ON 106.3800 SHARES DUE 5/25/2019 $0.00097/PV ON 110,049.21 PV DUE 5/25/19 - - - - - 106.38 - - - 05/28/2019 05/25/2019 05/28/2019 05582QAD9 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.160% 11/25/20 (21,713.48) - - - - 21,713.48 (21,713.38) - 0.10 05/28/2019 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 491.1900 SHARES DUE 5/25/2019 $0.00297/PV ON 165,568.45 PV DUE 5/25/19 - - - - - 491.19 - - - 05/28/2019 3136B1XP4 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560% 9/25/21 CURRENT YEAR AMORTIZATION - - - - - - (79.42) - - 05/28/2019 43610 43613 3136B1XP4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.560% 9/25/21 (2,319.74) - - - - 2,319.74 (2,351.42) - (31.68) 68 Page 34 of 37 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2019 05/28/2019 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 165568.4500 SHARES DUE 5/25/2019 PEN PAYMENT - - - - - 8.37 - - - 05/28/2019 3137BNN26 INTEREST EARNED ON F H L M C MLTCL MTG 1.780% 7/25/19 $1 PV ON 19.1700 SHARES DUE 5/25/2019 $0.00148/PV ON 12,921.41 PV DUE 5/25/19 - - - - - 19.17 - - - 05/28/2019 3137BNN26 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.780% 7/25/19 CURRENT YEAR AMORTIZATION - - - - - - (3.27) - - 05/28/2019 43610 05/28/2019 3137BNN26 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.780% 7/25/19 (9,863.87) 34.68 - - - 9,863.87 (9,868.95) - (5.08) 05/28/2019 3137FGZN8 INTEREST EARNED ON F H L M C MLTCL 2.6945% 2/25/23 $1 PV ON 388.3300 SHARES DUE 5/25/2019 $0.00225/PV ON 172,943.05 PV DUE 5/25/19 - - - - - 388.33 - - - 05/28/2019 3137FJXN4 INTEREST EARNED ON F H L M C MLTCL 2.7445% 2/25/23 $1 PV ON 457.4200 SHARES DUE 5/25/2019 $0.00229/PV ON 200,000.00 PV DUE 5/25/19 - - - - - 457.42 - - - 05/28/2019 3137FJYA1 INTEREST EARNED ON F H L M C MLTCL MTG 3.454% 5/25/23 $1 PV ON 918.9000 SHARES DUE 5/25/2019 $0.00288/PV ON 319,247.38 PV DUE 5/25/19 - - - - - 918.90 - - - 05/28/2019 05/25/2019 05/28/2019 3137FJYA1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 3.454% 5/25/23 (844.11) - - - - 844.11 (844.09) 0.02 - 05/28/2019 43613 43613 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 12,500.17 1.00 - - - (12,500.17) 12,500.17 - - 05/28/2019 43613 43613 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 24,630.79 1.00 - - - (24,630.79) 24,630.79 - - 06/03/2019 010831DN2 INTEREST EARNED ON ALAMEDA CNTY CA JT 2.866% 6/01/21 $1 PV ON 255000.0000 SHARES DUE 6/1/2019 - - - - - 3,654.15 - - - 06/03/2019 166764AU4 INTEREST EARNED ON CHEVRON CORP 3.11094% 3/03/22 $1 PV ON 500000.0000 SHARES DUE 6/3/2019 - - - - - 3,975.10 - - - 06/03/2019 166764AU4 AMORTIZED PREMIUM ON CHEVRON CORP 3.11094% 3/03/22 CURRENT YEAR AMORTIZATION - - - - - - (302.30) - - 06/03/2019 43619 43619 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 266,312.63 1.00 - - - (266,312.63) 266,312.63 - - 06/03/2019 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 5/31/2019 INTEREST FROM 5/1/19 TO 5/31/19 - - - - - 395.13 - - - 06/03/2019 717081DU4 INTEREST EARNED ON PFIZER INC 1.450% 6/03/19 $1 PV ON 250000.0000 SHARES DUE 6/3/2019 - - - - - 1,812.50 - - - 06/03/2019 06/03/2019 06/03/2019 717081DU4 MATURED PAR VALUE OF PFIZER INC 1.450% 6/03/19 250,000 PAR VALUE AT 100 %(250,000.00) 1.00 - - - 250,000.00 (249,715.00) - 285.00 06/03/2019 80136PCY7 INTEREST EARNED ON SANTA BARBARA CA 3.300% 12/01/21 $1 PV ON 125000.0000 SHARES DUE 6/1/2019 - - - - - 2,096.88 - - - 06/03/2019 80168FMA1 INTEREST EARNED ON SANTA CLARA VLY CA 2.387% 6/01/21 $1 PV ON 400000.0000 SHARES DUE 6/1/2019 - - - - - 4,774.00 - - - 06/04/2019 06/04/2019 06/04/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 395.13 1.00 - - - (395.13) 395.13 - - 06/06/2019 05/29/2019 06/06/2019 3134GTRY1 PURCHASED PAR VALUE OF F H L M C M T N 2.625% 6/06/22 /NOMURA SECURITIES/FIX INCOME/260,000 PAR VALUE AT 100 %260,000.00 1.00 - - - (260,000.00) 260,000.00 - - 06/06/2019 05/25/2019 05/28/2019 3137BNN26 PAID DOWN-RV PAR VALUE OF F H L M C MLTCL MTG 1.780% 7/25/19 RATE ADJUSTMENT 9,863.87 34.68 - - - (9,863.87) 9,868.95 - 5.08 06/06/2019 3137BNN26 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.780% 7/25/19 RATE ADJUSTMENT - - - - - - 3.27 - - 06/06/2019 3137BNN26 INTEREST EARNED ON F H L M C MLTCL MTG 1.780% 7/25/19 $1 PV ON 19.1700 SHARES DUE 5/25/2019 RATE ADJUSTMENT - - - - - (19.17) - - - 06/06/2019 3137BNN26 INTEREST EARNED ON F H L M C MLTCL MTG 1.780% 7/25/19 $1 PV ON 19.1700 SHARES DUE 5/25/2019 $0.00148/PV ON 12,921.41 PV DUE 5/25/19 - - - - - 19.17 - - - 06/06/2019 3137BNN26 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.780% 7/25/19 CURRENT YEAR AMORTIZATION - - - - - - (3.27) - - 06/06/2019 43610 43622 3137BNN26 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.780% 7/25/19 (11,841.70) - - - - 11,841.70 (11,847.79) - (6.09) 06/06/2019 43622 43622 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,977.83 1.00 - - - (1,977.83) 1,977.83 - - 06/06/2019 43622 43622 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (260,000.00) 1.00 - - - 260,000.00 (260,000.00) - - 06/10/2019 43622 43626 20772KGM5 PURCHASED PAR VALUE OF CONNECTICUT ST SER A 2.921% 4/15/23 /BARCLAYS CAPITAL INC. FIXED IN/100,000 PAR VALUE AT 101.695 %100,000.00 1.02 - - - (101,695.00) 101,695.00 - - 06/10/2019 06/10/2019 20772KGM5 PAID ACCRUED INTEREST ON PURCHASE OF CONNECTICUT ST SER A 2.921% 4/15/23 - - - - - (478.72) - - - 06/10/2019 43626 43626 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (76,043.40) 1.00 - - - 76,043.40 (76,043.40) - - 06/10/2019 9128286H8 AMORTIZED PREMIUM ON U S TREASURY NT 2.375% 3/15/22 CURRENT YEAR AMORTIZATION - - - - - - (326.59) - - 06/10/2019 43621 43626 9128286H8 SOLD PAR VALUE OF U S TREASURY NT 2.375% 3/15/22 /CITIGROUP GLOBAL MARKETS INC./2,490,000 PAR VALUE AT 101.55653494 %(2,490,000.00) 1.02 - - - 2,528,757.72 (2,495,120.29) 33,637.43 - 06/10/2019 43626 9128286H8 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.375% 3/15/22 - - - - - 13,980.88 - - - 06/10/2019 43621 43626 9128286U9 PURCHASED PAR VALUE OF U S TREASURY NT 2.125% 5/15/22 /CITIGROUP GLOBAL MARKETS INC./2,490,000 PAR VALUE AT 100.91846988 %2,490,000.00 1.01 - - - (2,512,869.90) 2,512,869.90 - - 06/10/2019 43626 9128286U9 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.125% 5/15/22 - - - - - (3,738.38) - - - 06/11/2019 43627 43627 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 51,159.77 1.00 - - - (51,159.77) 51,159.77 - - 69 Page 35 of 37 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2019 06/11/2019 9128284Y3 ACCREDITED DISCOUNT ON U S TREASURY NT 2.625% 8/31/20 MARKET DISCOUNT - - - - - - 1,009.55 - - 06/11/2019 43626 06/11/2019 9128284Y3 SOLD PAR VALUE OF U S TREASURY NT 2.625% 8/31/20 /J.P. MORGAN SECURITIES LLC/1,280,000 PAR VALUE AT 100.72265625 %(1,280,000.00) 1.01 - - - 1,289,250.00 (1,277,140.41) 12,109.59 - 06/11/2019 43627 9128284Y3 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.625% 8/31/20 - - - - - 9,404.35 - - - 06/11/2019 9128285B2 ACCREDITED DISCOUNT ON U S TREASURY NT 2.750% 9/30/20 MARKET DISCOUNT - - - - - - 909.80 - - 06/11/2019 06/10/2019 06/11/2019 9128285B2 SOLD PAR VALUE OF U S TREASURY NT 2.750% 9/30/20 /J.P. MORGAN SECURITIES LLC/2,135,000 PAR VALUE AT 100.94531241 %(2,135,000.00) 1.01 - - - 2,155,182.42 (2,131,271.72) 23,910.70 - 06/11/2019 06/11/2019 9128285B2 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.750% 9/30/20 - - - - - 11,550.00 - - - 06/11/2019 9128285G1 AMORTIZED PREMIUM ON U S TREASURY NT 2.875% 10/31/20 CURRENT YEAR AMORTIZATION - - - - - - (28.46) - - 06/11/2019 43626 06/11/2019 9128285G1 SOLD PAR VALUE OF U S TREASURY NT 2.875% 10/31/20 /HSBC SECURITIES, INC./515,000 PAR VALUE AT 101.17578058 %(515,000.00) 1.01 - - - 521,055.27 (515,229.84) 5,825.43 - 06/11/2019 06/11/2019 9128285G1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.875% 10/31/20 - - - - - 1,689.84 - - - 06/11/2019 43626 06/11/2019 9128286V7 PURCHASED PAR VALUE OF U S TREASURY NT 2.125% 5/31/21 /MLPFS INC/FIXED INCOME/6,590,000 PAR VALUE AT 100.449219 %6,590,000.00 1.00 - - - (6,619,603.51) 6,619,603.51 - - 06/11/2019 06/11/2019 9128286V7 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.125% 5/31/21 - - - - - (4,208.78) - - - 06/11/2019 06/10/2019 06/11/2019 912828C57 SOLD PAR VALUE OF U S TREASURY NT 2.250% 3/31/21 /MLPFS INC/FIXED INCOME/2,660,000 PAR VALUE AT 100.56640639 %(2,660,000.00) 1.01 - - - 2,675,066.41 (2,656,363.28) 18,703.13 - 06/11/2019 06/11/2019 912828C57 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.250% 3/31/21 - - - - - 11,773.77 - - - 06/17/2019 17275RAX0 INTEREST EARNED ON CISCO SYSTEMS INC 2.450% 6/15/20 $1 PV ON 600000.0000 SHARES DUE 6/15/2019 - - - - - 7,350.00 - - - 06/17/2019 43629 06/17/2019 20772JKP6 PURCHASED PAR VALUE OF CONNECTICUT ST 2.401% 10/15/21 /UBS FINANCIAL SERVICES INC./120,000 PAR VALUE AT 100.18 %120,000.00 1.00 - - - (120,216.00) 120,216.00 - - 06/17/2019 06/17/2019 20772JKP6 PAID ACCRUED INTEREST ON PURCHASE OF CONNECTICUT ST 2.401% 10/15/21 - - - - - (496.21) - - - 06/17/2019 43628 06/17/2019 3137B1U75 PURCHASED PAR VALUE OF F H L M C MLTCL MTG 2.522% 1/25/23 /RAYMOND JAMES/FI/160,000 PAR VALUE AT 100.5 %160,000.00 1.01 - - - (160,800.00) 160,800.00 - - 06/17/2019 06/17/2019 3137B1U75 PAID ACCRUED INTEREST ON PURCHASE OF F H L M C MLTCL MTG 2.522% 1/25/23 - - - - - (179.34) - - - 06/17/2019 43633 43633 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 64,162.80 1.00 - - - (64,162.80) 64,162.80 - - 06/17/2019 06/17/2019 06/17/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (150.00) 1.00 - - - 150.00 (150.00) - - 06/17/2019 47787XAC1 INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV ON 242.5600 SHARES DUE 6/15/2019 $0.00148/PV ON 163,522.61 PV DUE 6/15/19 - - - - - 242.56 - - - 06/17/2019 06/15/2019 06/17/2019 47787XAC1 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 1.780% 4/15/21 (18,053.56) - - - - 18,053.56 (18,050.99) - 2.57 06/17/2019 47789JAD8 INTEREST EARNED ON JOHN DEERE OWNER 2.910% 7/17/23 $1 PV ON 630.5000 SHARES DUE 6/15/2019 $0.00243/PV ON 260,000.00 PV DUE 6/15/19 - - - - - 630.50 - - - 06/17/2019 58769DAD2 INTEREST EARNED ON MERCEDES BENZ AUTO 1.790% 4/15/20 $1 PV ON 141.6500 SHARES DUE 6/15/2019 $0.00149/PV ON 94,963.73 PV DUE 6/15/19 - - - - - 141.65 - - - 06/17/2019 43631 43633 58769DAD2 PAID DOWN PAR VALUE OF MERCEDES BENZ AUTO 1.790% 4/15/20 (62,128.74) - - - - 62,128.74 (62,127.32) - 1.42 06/17/2019 65478BAD3 INTEREST EARNED ON NISSAN AUTO LEASE 3.250% 9/15/21 $1 PV ON 541.6700 SHARES DUE 6/15/2019 $0.00271/PV ON 200,000.00 PV DUE 6/15/19 - - - - - 541.67 - - - 06/17/2019 65478NAD7 INTEREST EARNED ON NISSAN AUTO 3.220% 6/15/23 $1 PV ON 1207.5000 SHARES DUE 6/15/2019 $0.00268/PV ON 450,000.00 PV DUE 6/15/19 - - - - - 1,207.50 - - - 06/17/2019 65479BAD2 INTEREST EARNED ON NISSAN AUTO LEASE 2.050% 9/15/20 $1 PV ON 375.8300 SHARES DUE 6/15/2019 $0.00171/PV ON 220,000.00 PV DUE 6/15/19 - - - - - 375.83 - - - 06/17/2019 65479KAD2 INTEREST EARNED ON NISSAN AUTO 2.900% 10/16/23 $1 PV ON 773.3300 SHARES DUE 6/15/2019 $0.00242/PV ON 320,000.00 PV DUE 6/15/19 - - - - - 773.33 - - - 06/17/2019 89190BAD0 INTEREST EARNED ON TOYOTA AUTO 1.760% 7/15/21 $1 PV ON 604.3400 SHARES DUE 6/15/2019 $0.00147/PV ON 412,048.68 PV DUE 6/15/19 - - - - - 604.34 - - - 06/17/2019 06/15/2019 06/17/2019 89190BAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.760% 7/15/21 (32,848.86) - - - - 32,848.86 (32,846.34) - 2.52 06/17/2019 89238MAD0 INTEREST EARNED ON TOYOTA AUTO 1.730% 2/16/21 $1 PV ON 305.6600 SHARES DUE 6/15/2019 $0.00144/PV ON 212,020.91 PV DUE 6/15/19 - - - - - 305.66 - - - 06/17/2019 43631 43633 89238MAD0 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.730% 2/16/21 (24,000.98) - - - - 24,000.98 (23,998.15) - 2.83 06/17/2019 89239AAD5 INTEREST EARNED ON TOYOTA AUTO 2.910% 7/17/23 $1 PV ON 824.5000 SHARES DUE 6/15/2019 $0.00243/PV ON 340,000.00 PV DUE 6/15/19 - - - - - 824.50 - - - 70 Page 36 of 37 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2019 06/17/2019 90290AAC1 INTEREST EARNED ON USAA AUTO OWNER 1.700% 5/17/21 $1 PV ON 127.3600 SHARES DUE 6/15/2019 $0.00142/PV ON 89,898.68 PV DUE 6/15/19 - - - - - 127.36 - - - 06/17/2019 43631 43633 90290AAC1 PAID DOWN PAR VALUE OF USAA AUTO OWNER 1.700% 5/17/21 (11,485.04) - - - - 11,485.04 (11,483.83) - 1.21 06/17/2019 9128284T4 INTEREST EARNED ON U S TREASURY NT 2.625% 6/15/21 $1 PV ON 640000.0000 SHARES DUE 6/15/2019 - - - - - 8,400.00 - - - 06/17/2019 06/14/2019 06/17/2019 912828C57 SOLD PAR VALUE OF U S TREASURY NT 2.250% 3/31/21 /MLPFS INC/FIXED INCOME/169,000 PAR VALUE AT 100.652009 %(169,000.00) 1.01 - - - 170,101.90 (168,768.95) 1,332.95 - 06/17/2019 43633 912828C57 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.250% 3/31/21 - - - - - 810.37 - - - 06/17/2019 931142EA7 INTEREST EARNED ON WALMART STORES INC 1.900% 12/15/20 $1 PV ON 500000.0000 SHARES DUE 6/15/2019 - - - - - 4,750.00 - - - 06/18/2019 43634 43634 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 10,278.99 1.00 - - - (10,278.99) 10,278.99 - - 06/18/2019 43814PAC4 INTEREST EARNED ON HONDA AUTO 1.790% 9/20/21 $1 PV ON 209.9600 SHARES DUE 6/18/2019 $0.00149/PV ON 140,753.99 PV DUE 6/18/19 - - - - - 209.96 - - - 06/18/2019 06/18/2019 06/18/2019 43814PAC4 PAID DOWN PAR VALUE OF HONDA AUTO 1.790% 9/20/21 (10,069.03) - - - - 10,069.03 (10,067.94) - 1.09 06/19/2019 43635 43635 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 496,061.70 1.00 - - - (496,061.70) 496,061.70 - - 06/19/2019 76116FAE7 ACCREDITED DISCOUNT ON RESOLUTION FD CORP STRIP 10/15/20 CURRENT YEAR TAXABLE OID - - - - - - 6,835.24 - - 06/19/2019 43634 43635 76116FAE7 SOLD PAR VALUE OF RESOLUTION FD CORP STRIP 10/15/20 /AMHERST PIERPONT SECURITIES/510,000 PAR VALUE AT 97.267 %(510,000.00) 0.97 - - - 496,061.70 (489,918.67) 6,143.03 - 06/20/2019 05584PAD9 INTEREST EARNED ON BMW VEHICLE LEASE 2.070% 10/20/20 $1 PV ON 172.5000 SHARES DUE 6/20/2019 $0.00173/PV ON 100,000.00 PV DUE 6/20/19 - - - - - 172.50 - - - 06/20/2019 43636 43636 05584PAD9 PAID DOWN PAR VALUE OF BMW VEHICLE LEASE 2.070% 10/20/20 (3,815.82) - - - - 3,815.82 (3,815.82) - - 06/20/2019 06/17/2019 06/20/2019 3134GTVK6 PURCHASED PAR VALUE OF F H L M C 2.550% 6/20/22 /NOMURA SECURITIES/FIX INCOME/265,000 PAR VALUE AT 100 %265,000.00 1.00 - - - (265,000.00) 265,000.00 - - 06/20/2019 43636 06/20/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (261,011.68) 1.00 - - - 261,011.68 (261,011.68) - - 06/21/2019 06/21/2019 06/21/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 304,124.58 1.00 - - - (304,124.58) 304,124.58 - - 06/21/2019 43636 06/21/2019 912828C57 SOLD PAR VALUE OF U S TREASURY NT 2.250% 3/31/21 /BONY/TORONTO DOMINION SECURITI/300,000 PAR VALUE AT 100.87076 %(300,000.00) 1.01 - - - 302,612.28 (299,589.84) 3,022.44 - 06/21/2019 06/21/2019 912828C57 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.250% 3/31/21 - - - - - 1,512.30 - - - 06/24/2019 43640 06/24/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,031.25 1.00 - - - (2,031.25) 2,031.25 - - 06/24/2019 931142EJ8 INTEREST EARNED ON WALMART INC 3.125% 6/23/21 $1 PV ON 130000.0000 SHARES DUE 6/23/2019 - - - - - 2,031.25 - - - 06/25/2019 TRUST FEES COLLECTED CHARGED FOR PERIOD 05/01/2019 THRU 05/31/2019 COLLECTED BY DISBURSEMENT - - - - - (550.26) - - - 06/25/2019 05582QAD9 INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV ON 85.3900 SHARES DUE 6/25/2019 $0.00097/PV ON 88,335.73 PV DUE 6/25/19 - - - - - 85.39 - - - 06/25/2019 06/25/2019 06/25/2019 05582QAD9 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.160% 11/25/20 (20,978.33) - - - - 20,978.33 (20,978.24) - 0.09 06/25/2019 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 484.3000 SHARES DUE 6/25/2019 $0.00297/PV ON 163,248.71 PV DUE 6/25/19 - - - - - 484.30 - - - 06/25/2019 3136B1XP4 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560% 9/25/21 CURRENT YEAR AMORTIZATION - - - - - - (80.92) - - 06/25/2019 06/25/2019 06/25/2019 3136B1XP4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.560% 9/25/21 (587.28) - - - - 587.28 (595.01) - (7.73) 06/25/2019 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 163248.7100 SHARES DUE 6/25/2019 PENALTY PAYMENT - - - - - 0.66 - - - 06/25/2019 3137BNN26 INTEREST EARNED ON F H L M C MLTCL MT 1.77998% 7/25/19 $1 PV ON 1.6000 SHARES DUE 6/25/2019 $0.00148/PV ON 1,079.71 PV DUE 6/25/19 - - - - - 1.60 - - - 06/25/2019 3137BNN26 AMORTIZED PREMIUM ON F H L M C MLTCL MT 1.77998% 7/25/19 CURRENT YEAR AMORTIZATION - - - - - - (0.28) - - 06/25/2019 43641 43641 3137BNN26 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 1.77998% 7/25/19 (3.59) - - - - 3.59 (3.59) - - 06/25/2019 3137FGZN8 INTEREST EARNED ON F H L M C MLTCL 2.76985% 2/25/23 $1 PV ON 399.1900 SHARES DUE 6/25/2019 $0.00231/PV ON 172,943.05 PV DUE 6/25/19 - - - - - 399.19 - - - 06/25/2019 43641 43641 3137FGZN8 PAID DOWN PAR VALUE OF F H L M C MLTCL 2.76985% 2/25/23 (12,187.83) - - - - 12,187.83 (12,187.83) - - 06/25/2019 3137FJXN4 INTEREST EARNED ON F H L M C MLTCL 2.82152% 2/25/23 $1 PV ON 470.2500 SHARES DUE 6/25/2019 $0.00235/PV ON 200,000.00 PV DUE 6/25/19 - - - - - 470.25 - - - 06/25/2019 43641 43641 3137FJXN4 PAID DOWN PAR VALUE OF F H L M C MLTCL 2.82152% 2/25/23 (20,323.80) - - - - 20,323.80 (20,323.80) - - 06/25/2019 3137FJYA1 INTEREST EARNED ON F H L M C MLTCL MTG 3.454% 5/25/23 $1 PV ON 1115.3400 SHARES DUE 6/25/2019 $0.00350/PV ON 318,403.27 PV DUE 6/25/19 - - - - - 1,115.34 - - - 06/25/2019 43641 43641 3137FJYA1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 3.454% 5/25/23 (17,119.82) - - - - 17,119.82 (17,119.36) 0.46 - 06/25/2019 06/25/2019 06/25/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 5.85 1.00 - - - (5.85) 5.85 - - 71 Page 37 of 37 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2019 06/25/2019 06/25/2019 06/25/2019 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 73,201.27 1.00 - - - (73,201.27) 73,201.27 - - 06/26/2019 06/26/2019 06/26/2019 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (589,954.33) 1.00 - - - 589,954.33 (589,954.33) - - 06/26/2019 43635 43642 41284WAC4 PURCHASED PAR VALUE OF HARLEY DAVIDSON 2.340% 2/15/24 /BARCLAYS CAPITAL INC. FIXED IN/590,000 PAR VALUE AT 99.99225932 %590,000.00 1.00 - - - (589,954.33) 589,954.33 - - 06/28/2019 06/27/2019 06/28/2019 3137EAEL9 SOLD PAR VALUE OF F H L M C M T N 2.375% 2/16/21 /JEFFERIES LLC/510,000 PAR VALUE AT 100.822 %(510,000.00) 1.01 - - - 514,192.20 (508,653.60) - 5,538.60 06/28/2019 43644 3137EAEL9 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C M T N 2.375% 2/16/21 - - - - - 4,441.25 - - - 06/28/2019 43644 43644 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 9,316.39 1.00 - - - (9,316.39) 9,316.39 - - 06/28/2019 06/27/2019 06/28/2019 9128284T4 PURCHASED PAR VALUE OF U S TREASURY NT 2.625% 6/15/21 /MLPFS INC/FIXED INCOME/5,860,000 PAR VALUE AT 101.64843754 %5,860,000.00 1.02 - - - (5,956,598.44) 5,956,598.44 - - 06/28/2019 06/28/2019 9128284T4 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.625% 6/15/21 - - - - - (5,463.73) - - - 06/28/2019 06/27/2019 06/28/2019 9128286Y1 PURCHASED PAR VALUE OF U S TREASURY NT 1.750% 6/15/22 /NOMURA SECURITIES/FIX INCOME/3,735,000 PAR VALUE AT 100.06250013 %3,735,000.00 1.00 - - - (3,737,334.38) 3,737,334.38 - - 06/28/2019 06/28/2019 9128286Y1 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.750% 6/15/22 - - - - - (2,321.62) - - - 06/28/2019 06/27/2019 06/28/2019 912828C57 SOLD PAR VALUE OF U S TREASURY NT 2.250% 3/31/21 /HSBC SECURITIES, INC./1,600,000 PAR VALUE AT 100.75 %(1,600,000.00) 1.01 - - - 1,612,000.00 (1,597,812.50) 14,187.50 - 06/28/2019 06/28/2019 912828C57 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.250% 3/31/21 - - - - - 8,754.10 - - - 06/28/2019 912828WG1 AMORTIZED PREMIUM ON U S TREASURY NT 2.250% 4/30/21 CURRENT YEAR AMORTIZATION - - - - - - (15.83) - - 06/28/2019 06/27/2019 06/28/2019 912828WG1 SOLD PAR VALUE OF U S TREASURY NT 2.250% 4/30/21 /HSBC SECURITIES, INC./7,485,000 PAR VALUE AT 100.79687495 %(7,485,000.00) 1.01 - - - 7,544,646.09 (7,473,838.94) 70,807.15 - 06/28/2019 06/28/2019 912828WG1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.250% 4/30/21 - - - - - 27,000.92 - - - Total - - - 0.00 623,595.74 250,301.74 (9,839.71) 72 Riverside County Transportation Commission SHORT DURATION FIXED INCOME Portfolio Review July 22, 2019 Contents Firm Highlights Market Review & Outlook Portfolio Review ATTACHMENT 17 73 MetLife Investment Management Overview 74 3 1 Assets under management include assets managed by MetLife Investment Management (“MIM”), MetLife, Inc.’s institutional investment management business, on behalf of MetLife’s general accounts, separate accounts and unaffiliated / third party investors as of March 31, 2019. See Appendix for non-GAAP financial information, definitions and / or reconciliations. 2 Subsidiaries of MetLife, Inc. that provide investment management services include Metropolitan Life Insurance Company, MetLife Investment Management, LLC, MetLife Investment Management Limited, MetLife Investments Limited, MetLife Investments Asia Limited, MetLife Latin America Asesorias e Inversiones Limitada, MetLife Asset Management Corp. (Japan), and MIM I LLC. Overview MetLife Investment Management (MIM) is a leading global asset manager specializing in public fixed income, private debt and real estate investment solutions for institutional investors world-wide. Firm Highlights • Assets under management totaling $606 billion 1 • Separate accounts, proprietary funds and client-specific solutions • 900 employees globally 3 • Deep fundamental research • Backed by the strength, resources and stability of MetLife, Inc. Global Presence2 Whippany Santiago London Hong Kong Philadelphia Investment OfficesRegional Offices Tokyo 75 Market Review & Outlook 76 5 •GDP - While early-year U.S. economic strength was not as robust as the headline GDP figure indicated, we believe full-year U.S. real GDP growth will be above the 2% long-term trend driven by the healthy labor market and strength of the U.S. consumer. Trade frictions between the U.S./China/EU/Japan have negatively impacted consumer and business sentiment and are driving lower growth expectations. The pace of business fixed investment has slowed, but the potential for a second-half upside surprise exists as trade tensions abate. The boost from fiscal stimulus will continue to wane, although we expect government spending increase as the 2020 election approaches. A more accommodative Federal Reserve policy will weaken the U.S. dollar and stimulate export growth. •Business - Notwithstanding global manufacturing PMIs evidencing weakness, we believe their declines will prove transitory and lay the foundation for a second-half rebound. Forward momentum continues, albeit at a reduced pace due to tariffs and sanctions which have raised input costs and disrupted supply chains. With the clouded earnings outlook given some of the trade-related headwinds, we expect domestically-focused companies to continue to outperform their more internationally-oriented counterparts. The move lower in interest rates will pressure bank earnings, however, bank fundamentals remain solid given disciplined balance sheet growth, sound asset quality and healthy capital levels. The Fed’s more dovish posture will serve to extend the business cycle and support the credit environment. •Consumer - Healthy consumer balance sheets, wage growth and a solid savings rate leave the consumer well-positioned to support consumption growth. Purchases of big- ticket items or consumer durables such as homes, autos and appliances will benefit from the reset lower in interest rates. The main impact of unsettled trade-related issues on consumer confidence has been seen through a fall in the expectations component while the present conditions component has remained solid. •Employment - Despite an easing pace of job growth over first-half 2019, the U.S. labor market remains tight (50-year low in the unemployment rate) and will continue underpinning the economy. Average hourly earnings and the Employment Cost Index continue to offer evidence of growth in real wages. Employers remain somewhat challenged in finding qualified candidates to fill open positions while the quits rate remains at a post-recession high, pointing to further upward pressure on real wages, which have rebounded from early-year weakness. We believe the unemployment rate will remain historically low even with a slower pace of job creation. •U.S. Monetary & Fiscal Policy - The Federal Reserve’s move away from patience to emphasizing their willingness to act as appropriate to sustain economic expansion has led markets to price in four rate cuts before mid-year 2020. Given our view that U.S. economic growth remains on an above-trend track and inflation will eventually gain more traction, we see the market’s implicit rate cut forecast as an overshoot despite the likelihood of an upcoming pre-emptive or “insurance” cut, whether or not supported by the data. Fiscal policy remains stimulative with the annual federal deficit climbing toward $1 trillion and will likely remain a source of support, especially if infrastructure spending increases, as the 2020 election moves closer. •Central Banks / International - Many major central banks have taken a dovish turn, reflecting disappointing economic growth, renewed fears of deflation, political worries (e.g. Brexit) and lingering fears over trade. As inflation remains below target, more restrictive monetary policies appear to have been shelved in an effort to prolong the cycle. ECB President Draghi’s recent dovish pivot is emblematic of some of the stresses being experienced as fiscal policy levers have largely taken a backseat. China’s stimulus policies, including allowing increased local government borrowing to support infrastructure spending,corporate tax cuts, stepped-up lending to middle-market companies, and weakening the yuan vs. the dollar, are key to producing a pickup in global growth. •Inflation - Inflation measures remain below the Federal Reserve’s 2% symmetrical target, which has drawn increased attention among Fed members, despite continued growth in wages. While some of the factors weighing on inflation will prove transitory, we believe the tight labor market’s bearing on wages as well as pass-through of tariffs and recent dollar weakness will translate into gradual upward pressure on inflation. Any monetary easing by the Fed, continued solid U.S. economic growth and increase in energy prices will support a move higher in inflation expectations. •Residential / Commercial Real Estate - Slowing house price appreciation and lower mortgage rates together with rising real incomes improve affordability, which may be constrained, particularly for higher-end homes due to tightened lending standards and limitations on property tax deductibility. Lower price properties and rental housing should be the direct beneficiaries. With completions slowing, low vacancy rates for multifamily properties should persist. Lower interest rates, stable NOI and low vacancies continue to support low cap rates and commercial real estate prices. However, retail properties continue to face challenges from e-commerce. A renewed focus on GSE reform in Washington presents some headline risk for mortgage spreads. Lower mortgage rates bring heightened prepayments, concentrated in recently originated vintages. The views present are MetLife Investment Management’s only, are subject to change, and may not reflect the manager’s current views. Past performance is not indicative of future results. There can be no assurance that the views expressed above will prove accurate and should not be relied upon as a reliable indicator of future events. Any securities mentioned are for informational purposes only and do not represent a recommendation or an offer to buy, hold or sell any securities, and may not be held in client portfolios. Any performance or portfolio holdings cited here were current as of the date stated and are subject to change. Current Themes 77 6 Yields (%) as of June 30, 2019 Source: Bloomberg 2.34 1.92 2.53 2.74 2.86 2.40 2.20 2.82 2.95 3.06 2.81 2.36 2.49 2.51 2.69 2.60 2.39 2.26 2.23 2.41 2.32 2.09 1.76 1.77 2.01 1.00% 1.50% 2.00% 2.50% 3.00% 3-Month LIBOR U.S. Treasury 3-Month U.S. Treasury 2-Year U.S. Treasury 5-Year U.S. Treasury 10-Year 6/30/2018 9/30/2018 12/31/2018 3/29/2019 6/28/2019 78 7 Fed Expectations vs. Fed Funds Futures Rate as of June 30, 2019 Source: Federal Reserve, Bloomberg 1.000 1.500 2.000 2.500 3.000 3.500 2019 2019 2020 2020 2021 2021 2022 2022 2023Interest Rate (%)FOMC Vote Median FOMC Estimate Fed Fund Futures Contracts (as of 9/30/18) Fed Fund Futures Contracts (as of 12/31/18) Fed Fund Futures Contracts (as of 6/30/19) Longer Run 0.67% difference 0.81% difference 1.03% difference 79 8 Source: Federal Reserve Federal Reserve 2019 2020 2021 Real GDP December-17 Projection 2.1%2.0%N/A March-18 Projection 2.4%2.0%N/A June-18 Projection 2.4%2.0%N/A September-18 Projection 2.5%2.0%1.8% December-18 Projection 2.3%2.0%1.8% March-19 Projection 2.1%1.9%1.8% June-19 Projection 2.1%2.0%1.8% Unemployment Rate December-17 Projection 3.9%4.0%N/A March-18 Projection 3.6%3.6%N/A June-18 Projection 3.5%3.5%N/A September-18 Projection 3.5%3.5%3.7% December-18 Projection 3.5%3.6%3.8% March-19 Projection 3.7%3.8%3.9% June-19 Projection 3.6%3.7%3.8% PCE Inflation December-17 Projection 2.0%2.0%N/A March-18 Projection 2.0%2.1%N/A June-18 Projection 2.1%2.1%N/A September-18 Projection 2.0%2.1%2.1% December-18 Projection 1.9%2.1%2.1% March-19 Projection 1.8%2.0%2.0% June-19 Projection 1.5%1.9%2.0% 80 9 Yield Curves as of June 30, 2019 Source: Bloomberg 5-Year less 2-Year 10-Year less 3-Month 1 -25 0 25 50 75 100 125 150 175 Basis Points5-Year Less 2-Year Fed Tightening Recession 5-Year Less 2-Year Avg. -8 -100 -50 0 50 100 150 200 250 300 350 400 Basis Points10-Year Less 3-Month Fed Tightening Recession 10-Year Less 3-Month Avg. 81 Portfolio Review 82 11 Portfolio Performance1 Portfolio Performance1 - 2017 Toll Revenue I-15 Project Fund as of June 30, 2019 1 Past performance is not indicative of future results. The Since Inception performance returns of the portfolio is as of the first full month following the funding date. The performance benchmark shown for the Riverside County I-15 Express Lanes 2017 Toll Revenue Project Portfolio is the ICE BofAML 0-2 Year U.S. Treasury Index, which is a broad-based index consisting of U.S. Treasury securities with an outstanding par greater than or equal to $1 billion and a maturity range from zero to two years, reflecting total return. Portfolio Characteristics 3/31/19 Yield to Maturity 2.61% Duration 0.27 Years Average Quality (Moody’s) Aa2 Portfolio Market Value $70,510,557 Asset Allocation Corporate 31% Municipal 4% Agency 5% RMBS 1% CMBS 1%ABS 10%Treasury 31% CP 13% CD 4% Q2 YTD 1-Year Since Inception Annualized (8/1/2017) 2017 Toll Revenue I-15 Project Fund (Gross of Fees)0.69%1.46% 2.68%2.00% 2017 Toll Revenue I-15 Project Fund (Net of Fees)0.67%1.41% 2.58%1.90% FTSE 6-Month Treasury Bill 0.63%1.25% 2.37%1.90% FTSE 3-Month Treasury Bill 0.61%1.21% 2.30%1.85% 6/30/19 Yield to Maturity 2.36% Duration 0.20 Years Average Quality (Moody’s) Aa2 Portfolio Market Value $67,375,685 Corporate 23%Municipal 5% Agency 19% RMBS 1% CMBS 1%ABS 5% Treasury 25% CP 12% CD 9% 83 12 Portfolio Performance1 Portfolio Performance1 - 2013 SR-91 Project Residual as of June 30, 2019 1 Past performance is not indicative of future results. Inception date 1/4/18. Performance returns are calculated as of the first full month following the funding date. The performance benchmark shown for the Riverside County 2013 Residual Fund Portfolio is the ICE BofAML 1-3 Year U.S. Treasury Index, which is a broad-based index consisting of U.S. Treasury securities with an outstanding par greater than or equal to $1 billion and a maturity range from one to three years, reflecting total return. Portfolio Characteristics Asset Allocation Corporate 27% Municipal 1% Agency 5% RMBS 6% CMBS 7%ABS 7%Treasury 33% CP 10% CD 4% 3/31/19 Yield to Maturity 2.57% Duration 0.83 Years Average Quality (Moody’s) Aa2 Portfolio Market Value $16,019,549 6/30/19 Yield to Maturity 2.29% Duration 0.78 Years Average Quality (Moody’s) Aa2 Portfolio Market Value $21,166,003 Q2 YTD 1-Year Since Inception Annualized (2/1/2018) Riverside County 2013 SR-91 Project Residual Fund (Gross of Fees)0.97%1.97% 3.28% 2.71% Riverside County 2013 SR-91 Project Residual Fund (Net of Fees)0.95%1.92% 3.18% 2.61% ICE BofAML U.S. Treasury Index 0-2 Year 0.99%1.79% 3.04% 2.54% FTSE 6-Month Treasury Bill 0.63%1.25% 2.37% 2.15% Corporate 32% Municipal 1% Agency 10% RMBS 7%CMBS 7% ABS 6% Treasury 30% CP 5%CD 2% 84 13 Portfolio Performance1 Portfolio Performance1 - 2017 Toll Revenue I-15 Ramp Up Reserve as of June 30, 2019 1 Past performance is not indicative of future results. Inception date 12/5/17. Performance returns are calculated as of the first full month following the funding date. The performance benchmark shown for the Riverside County I-15 Express Lanes Toll Revenue Reserve Portfolio is the ICE BofAML 1-3 Year U.S. Treasury Index, which is a broad-based index consisting of U.S. Treasury securities with an outstanding par greater than or equal to $1 billion and a maturity range from one to three years, reflecting total return. Portfolio Characteristics Asset Allocation Agency 9% RMBS 30% CMBS 14% Treasury 47% 3/31/19 Yield to Maturity 2.52% Duration 1.16 Years Average Quality (Moody’s) Aaa Portfolio Market Value $8,140,875 6/30/19 Yield to Maturity 2.06% Duration 0.99 Years Average Quality (Moody’s) Aaa Portfolio Market Value $8,231,324 Q2 YTD 1-Year Since Inception Annualized (1/1/2018) 2017 Toll Revenue I-15 Ramp Up Reserve (Gross of Fees)1.11%2.02% 3.27% 2.80% 2017 Toll Revenue I-15 Ramp Up Reserve (Net of Fees)1.09%1.97% 3.17% 2.70% ICE BofAML U.S. Treasury Index 0-2 Year 0.99%1.79% 3.04% 2.39% Agency 9% RMBS 23% CMBS 15% Treasury 53% 85 14 Portfolio Performance1 Portfolio Performance1 - Debt Reserve Fund as of June 30, 2019 1 Past performance is not indicative of future results. Performance returns for periods greater than one year are annualized. The performance benchmark shown for the Riverside County Debt Reserve Fund is the ICE BofAML US Treasury 3-7 Year, which is a broad-based index consisting of U.S. Treasury securities with an outstanding par greater or equal to $1 billion and a maturity range from three to seven years, inclusive, reflecting total return. Portfolio Characteristics Asset Allocation Agency 14%RMBS 11% CMBS 33% Treasury 42% 3/31/19 Yield to Maturity 2.06% Duration 3.01 Years Average Quality (Moody’s) Aaa Portfolio Market Value $18,406,380 6/30/19 Yield to Maturity 2.14% Duration 2.93 Years Average Quality (Moody’s) Aaa Portfolio Market Value $18,291,668 Q2 YTD 1-Year Since Inception Annualized (8/1/2013) Total Debt Service Fund (Gross of Fees)2.09%3.44% 5.39% 2.37% Total Debt Service Fund (Net of Fees)2.07%3.39% 5.28% 2.27% ICE BofAML U.S. Treasury Index 1-3 Year 1.44%2.44% 3.96% 1.14% ICE BofAML U.S. Treasury Index 3-7 Year 2.72%4.57% 7.10% 2.23% Agency 13%RMBS 14% CMBS 33% Treasury 40% 86 15 Portfolio Performance1 - 91 Subordinate Reserve Account as of June 30, 2019 1 Past performance is not indicative of future results. Performance returns for periods greater than one year are annualized. The performance benchmark shown for the Riverside County 91 Subordinate Reserve Account is the ICE BofAML US Treasury 3-7 Year, which is a broad-based index consisting of U.S. Treasury securities with an outstanding par greater or equal to $1 billion and a maturity range from three to seven years, inclusive, reflecting total return. Portfolio Characteristics Asset Allocation Agency 18% RMBS 16% CMBS 32% Treasury 29% 5% Agency Discount Notes 6/30/19 Yield to Maturity 2.18% Duration 1.58 Years Average Quality (Moody’s) Aaa Portfolio Market Value $20,027,098 87 16 RCTC PORTFOLIOS Portfolio Beginning Market Value (7/24/2017) Net Flows Market Value (6/30/2019) Change in Market Value 2017 Toll Revenue I-15 Project Fund $98,562,718 ($34,189,549)$67,375,685 $3,002,517 Beginning Market Value (12/5/2017) 2017 Toll Revenue I-15 Ramp Up Reserve $7,723,487 $166,500 $8,231,324 $341,337 Total Project $106,286,205 ($34,023,049)$75,607,009 $3,343,853 2017 I-15 Project 2013 SR 91 Reserve and Residual Funds Portfolio Beginning Market Value (7/3/2013) Net Flows Market Value (6/30/2019) Change in Market Value Debt Service Reserve Fund $17,667,869 ($1,774,770)$18,291,668 $2,398,569 Portfolio Beginning Market Value (7/3/2013) Net Flows Market Value (6/30/2019) Change in Market Value 2013 SR-91 Project Residual Fund $3,292,782 +$14,091,641 $21,166,003 $3,781,580 Portfolio Beginning Market Value (6/6/2019) Net Flows Market Value (6/30/2019) Change in Market Value Subordinate Reserve Account $0 +$20,000,000 +$20,027,098 $27,098 88 17 This document is being provided to you at your specific request. This document has been prepared by Logan Circle Partners, L.P., a U.S. Securities Exchange Commission- registered investment adviser. Logan Circle Partners, L.P. is a subsidiary of MetLife, Inc. and part of MetLife Investment Management.1 For investors in the EEA, this document is being distributed by MetLife Investment Management Limited (“MIML”), authorised and regulated by the UK Financial Conduct Authority (FCA reference number 623761), registered address Level 34 1 Canada Square London E14 5AA United Kingdom. This document is approved by MIML as a financial promotion for distribution in the UK. This document is only intended for, and may only be distributed to, investors in the EEA who qualify as a Professional Client as defined under the EEA's Markets in Financial Instruments Directive, as implemented in the relevant EEA jurisdiction. The investment strategy described herein is intended to be structured as an investment management agreement between MIML (or its affiliates, as the case may be) and a client, although alternative structures more suitable for a particular client can be discussed. For investors in Japan, this document is being distributed by MetLife Asset Management Corp. (Japan) (“MAM”), a registered Financial Instruments Business Operator (“FIBO”) conducting Investment Advisory Business, Investment Management Business and Type II Financial Instruments Business under the registration entry “Director General of the Kanto Local Finance Bureau (Financial Instruments Business Operator) No. 2414” pursuant to the Financial Instruments and Exchange Act of Japan (“FIEA”), and a regular member of the Japan Investment Advisers Association and the Type II Financial Instruments Firms Association of Japan. In its capacity as a discretionary investment manager registered under the FIEA, MAM provides investment management services and also sub-delegates a part of its investment management authority to other foreign investment management entities within MetLife Investment Management in accordance with the FIEA. This document is only being provided to investors in Japan who are Qualified Institutional Investors (tekikaku kikan toshika) as defined in Article 10 of Cabinet Office Ordinance on Definitions Provided in Article 2 of the FIEA. It is the responsibility of each prospective investor to satisfy themselves as to full compliance with the applicable laws and regulations of any relevant territory, including obtaining any requisite governmental or other consent and observing any other formality presented in such territory. MetLife, Inc. provides investment management services to affiliates and unaffiliated/third party clients through various subsidiaries.1 MetLife Investment Management (“MIM”), MetLife, Inc.’s institutional investment management business, has more than 900 investment professionals located around the globe. MIM is responsible for investments in a range of asset sectors, public and privately sourced, including corporate and infrastructure private placement debt, real estate equity, commercial mortgage loans, customized index strategies, structured finance, emerging market debt, and high yield debt. The information contained herein is intended to provide you with an understanding of the depth and breadth of MIM’s investment management services and investment management experience. This document has been provided to you solely for informational purposes and does not constitute a recommendation regarding any investments or the provision of any investment advice, or constitute or form part of any advertisement of, offer for sale or subscription of, solicitation or invitation of any offer or recommendation to purchase or subscribe for any securities or investment advisory services. Unless otherwise specified, the information and opinions presented or contained in this document are provided as of the quarter end noted herein. It should be understood that subsequent developments may affect the information contained in this document materially, and MIM shall not have any obligation to update, revise or affirm. It is not MIM’s intention to provide, and you may not rely on this document as providing, a complete or comprehensive analysis of MIM’s investment portfolio, investment strategies or investment recommendations. No money, securities or other consideration is being solicited. No invitation is made by this document or the information contained herein to enter into, or offer to enter into, any agreement to purchase, acquire, dispose of, subscribe for or underwrite any securities or structured products, and no offer is made of any shares in or debentures of a company for purchase or subscription. Prospective clients are encouraged to seek advice from their legal, tax and financial advisors prior to making any investment. Confidentiality. By accepting receipt or reading any portion of this Presentation, you agree that you will treat the Presentation confidentially. This reminder should not be read to limit, in any way, the terms of any confidentiality agreement you or your organization may have in place with Logan Circle. This document and the information contained herein is strictly confidential (and by receiving such information you agree to keep such information confidential) and are being furnished to you solely for your information and may not be used or relied upon by any other party, or for any other purpose, and may not, directly or indirectly, be forwarded, published, reproduced, disseminated or quoted to any other person for any purpose without the prior written consent of MIM. Any forwarding, publication, distribution or reproduction of this document in whole or in part is unauthorized. Any failure to comply with this restriction may constitute a violation of applicable securities laws. Past performance is not indicative of future results. No representation is being made that any investment will or is likely to achieve profits or losses or that significant losses will be avoided. There can be no assurance that investments similar to those described in this document will be available in the future and no representation is made that future investments managed by MIM will have similar returns to those presented herein. No offer to purchase or sell securities. This Presentation does not constitute an offer to sell or a solicitation of an offer to buy any security and may not be relied upon in connection with the purchase or sale of any security. No reliance, no update and use of information. You may not rely on this Presentation as the basis upon which to make an investment decision. To the extent that you rely on this Presentation in connection with any investment decision, you do so at your own risk. This Presentation is being provided in summary fashion and does not purport to be complete. The information in the Presentation is provided to you as of the dates indicated and MIM does not intend to update the information after its distribution, even in the event that the information becomes materially inaccurate. Certain information contained in this Presentation, includes performance and characteristics of MIM’s by independent third parties, or have been prepared internally and have not been audited or verified. Use of different methods for preparing, calculating or presenting information may lead to different results for the information presented, compared to publicly quoted information, and such differences may be material. Risk of loss. An investment in the strategy described herein is speculative and there can be no assurance that the strategy’s investment objectives will be achieved. Investors must be prepared to bear the risk of a total loss of their investment. No tax, legal or accounting advice. This Presentation is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. Any statements of U.S. federal tax consequences contained in this Presentation were not intended to be used and cannot be used to avoid penalties under the U.S. Internal Revenue Code or to promote, market or recommend to another party any tax-related matters addressed herein. Forward-Looking Statements. This document may contain or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words and terms such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “will,” and other words and terms of similar meaning, or are tied to future periods in connection with a discussion of future performance. Forward-looking statements are based MIM’s assumptions and current expectations, which may be inaccurate, and on the current economic environment which may change. These statements are not guarantees of future performance. They involve a number of risks and uncertainties that are difficult to predict. Results could differ materially from those expressed or implied in the forward-looking statements. Risks, uncertainties and other factors that might cause such differences include, but are not limited to: (1) difficult conditions in the global capital markets; (2) changes in general economic conditions, including changes in interest rates or fiscal policies; (3) changes in the investment environment; (4) changed conditions in the securities or real estate markets; and (5) regulatory, tax and political changes. MIM does not undertake any obligation to publicly correct or update any forward-looking statement if it later becomes aware that such statement is not likely to be achieved. 1 Subsidiaries of MetLife, Inc. that provide investment management services include Metropolitan Life Insurance Company, MetLife Investment Advisors, LLC, MetLife Investment Management Limited, MetLife Investments Limited, MetLife Investments Asia Limited, MetLife Latin America Asesorias e Inversiones Limitada, MetLife Asset Management Corp. (Japan), Logan Circle Partners, L.P. and Logan Circle Partners, I LLC. Disclaimers L0719516495[exp0120][All States] 89 18 Notes 90 metlife.com/investmentmanagement Whippany, NJ | Philadelphia, PA | London | Tokyo | ICG@metlife.com © 2019 METLIFE, INC 91 PAYDEN.COM LOS ANGELES | BOSTON | LONDON | MILAN 2nd Quarter 2019 QUARTERLY PORTFOLIO REVIEWQUARTERLY PORTFOLIO REVIEW ATTACHMENT 18 92 July 2019 At the halfway mark of 2019, I think you will agree it is an interesting time for financial markets. The U.S. stock market is near record highs, credit spreads are somewhat tight, and more than $12 trillion worth of global bonds trade with negative yields. What does this mean for our clients and portfolios? First and foremost, we are ever vigilant of the unexpected. We manage your portfolios with diversification and liquidity always in mind to protect against significant changes in the direction of these markets. The most challenging question is the future of global economic activity. Although economic conditions in the U.S. continue to be favorable, this is a challenging question globally. Indicators of global growth slowed in the first half of the year. Trade policy remains unclear. And for bond investors, both the European Central Bank and the U.S. Federal Reserve have opened the door to lower interest rates. However, we remain optimistic! We are nearing our 36th year as a private corporation, and our culture and ownership structure have not veered from our original objectives set forth in September 1983. My best wishes, Joan A. Payden President & CEO LETTER FROM THE CEO 93 Riverside County Transportation Commission 2812 Portfolio Review and Market Update - 2nd Quarter 2019 PORTFOLIO CHARACTERISTICS (As of 6/30/2019) $53.3 millionPortfolio Market Value AA+Weighted Average Credit Quality 1.82 yearsWeighted Average Duration 1.98%Weighted Average Yield to Maturity DURATION DISTRIBUTION 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 0 - 1 1 - 2 2 - 3 3+ Years SECTOR ALLOCATION 0% 10% 20% 30% 40% 50% 60%TreasuriesCreditRevenueAsset-BackedGOAgenciesMortgage-BackedPORTFOLIO RETURNS - Periods Ending 6/30/2019 Since Inception (3/1/15) 2019 YTD Trailing 1 Yr 2nd Quarter RCTC Operating Portfolio 1.43% 2.58% 4.11% 1.51% ICE BofAML 1-3 Year US Treasury Index 1.44% 2.44% 3.96% 1.28% Periods over one year are annualized Payden & Rygel • 333 South Grand Avenue • Los Angeles, California 90071 • (213) 625-1900 • www.payden.com94 Portfolio Review and Market Update - 2nd Quarter 2019 2812 MARKET THEMES It was a strong quarter for fixed income, as yields continued to fall while credit spreads were contained. The Federal Open Market Committee maintained its targeted range for the Fed Funds rate at 2.25% - 2.50%, given solid growth and jobs fundamentals. However, the Fed indicated that the potential for rate cuts has increased given global uncertainties including unknown trade outcomes, and that they will closely monitor incoming data. The easier policy stance was supportive for credit, and spreads moved in a narrow range over the quarter. Despite falling front-end interest rates, the yield curve remained mostly inverted as market expectations for future rate cuts have increased. Geopolitical risks continue to drive markets, as uncertainty over the United States’ relationship with China and Iran, populism in Europe, and Brexit remain as headwinds. STRATEGY The portfolio continued to hold a diversified mix of non-government sectors for income generation.n We continued to extend our duration over the course of Q2 2019 via Treasuries.n We maintained a bias toward a shorter average maturity profile in credit sectors to limit the portfolio’s sensitivity to changes in credit risk premia while maintaining a yield advantage. n Securitized bonds continue serving as a diversifier and source of high-quality income.n INTEREST RATES Front-end interest rates fell as the three-month U.S. Treasury bill yield declined by 0.29% to 2.09%, while the two-year note fell by 0.51% to 1.76%. n One-month LIBOR fell by 0.09% to 2.40% and three-month LIBOR decreased by 0.28% to 2.32%.n SECTORS Corporate bonds outperformed Treasuries during the quarter as spreads didn't move much.n High-quality asset-backed securities outperformed Treasuries as well, producing returns in line with corporate bonds. n Payden & Rygel • 333 South Grand Avenue • Los Angeles, California 90071 • (213) 625-1900 • www.payden.com95 MARKET PERSPECTIVE In the second quarter of 2019, the Federal Reserve elected to hold their policy rate steady. The big news, though, was that the median Federal Open Market Committee member expects interest rates to be 0.25% lower by the end of 2020 as trade policy “crosscurrents” weighed on the outlook. Was a cut in June warranted? Will cuts inevitably arrive in July? While we can’t rule it out, we still don’t think the U.S. economic backdrop warrants monetary easing. If the Fed were setting policy only by their economic forecasts, cuts would not be under discussion. Fed officials forecasted GDP to grow 2.0% in 2020, which was higher than their previously forecasted 1.9%. Market participants expecting dovish “shock and awe” signals from the Fed in June were disappointed. The Conference Board’s Leading Economic Index (LEI) rose 2.5% year-over-year during June 2019. If history is any guide, such a reading on the LEI would hardly warrant rate cuts. While upcoming trade policy “crosscurrents” could change the macro landscape, for now we believe the U.S. economy can handle the current monetary policy setting. Globally, central banks are easing. With a weaker global economic backdrop, the Reserve Bank of Australia cut the policy rate by 25 basis points to 1.25%. The Reserve Bank of India also delivered its third rate cut of the year, lowering its key policy rate by 25 basis points to 5.75%. Despite still-sluggish euro area growth, we see signs of stabilization in hard data. Nevertheless, the European Central Bank has also reaffirmed its commitment to accommodative actions as needed. Cutting Through Crosscurrents: Leading Economic Index versus Change in Fed Funds Rate Source: The Conference Board, Federal Reserve, NBER, Payden Calculations -20 -16 -12 -8 -4 0 4 8 12 16 -125 -100 -75 -50 -25 0 25 50 75 100 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14 '16 '18 Change In Fed Funds Rate (Left Axis) Leading Economic Indicators Index (Right Axis) 1-Month Change in Fed Funds Rate (Basis Points) % Change Year-Over-Year 96 LOS ANGELES 333 South Grand Avenue Los Angeles, California 90071 213 625-1900 BOSTON 265 Franklin Street Boston, Massachusetts 02110 617 807-1990 LONDON 1 Bartholmew Lane London EC2N 2AX UK +44 (0) 20-7621-3000 MILAN Corso Matteotti, 1 20121 Milan, Italy +39 02 76067111 OUR STRATEGIES Multi-Sector Short Maturity Bonds U.S. Core Bond Absolute Return Fixed Income Strategic Income Global Fixed Income Liability Driven Investing For more information about Payden & Rygel’s strategies, contact us at a location listed below. PAYDEN.COM LOS ANGELES |BOSTON |LONDON |MILAN OVER 35 YEARS OF INSPIRING CONFIDENCE WITH AN UNWAVERING COMMITMENT TO OUR CLIENTS’ NEEDS. Available in: Separate Accounts – Mutual Funds (U.S. and UCITS) Collective Trusts (“CITs”) – Customized Solutions Sector-Specific Emerging Markets Debt Government/Sovereign High Yield Bonds & Loans Inflation-Linked/TIPS Investment Grade Corporate Bonds Municipal Bonds (U.S.) Securitized Bonds Income-Focused Equities Equity Income 97 County of Riverside Treasurer’s Pooled Investment Fund June 2019 ATTACHMENT 19 98 Contents COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 1 2| Treasurer’s Pooled Investment Fund 3| Economy 4| Market Data 6| Portfolio Data 8| Compliance Report 9| Month End Holdings Federal Reserve Chair Jerome Powell during the May 1 FOMC press conference. Digital Image. Federal Reserve Board. https://www.youtube.com/user/FedReserveBoard See the digital copy of our monthly TPIF report at countytreasurer.org to view video of the Federal Open Market Committee’s June 19 press conference. 99 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 2 The Treasurer’s Pooled Investment Fund is comprised of contributions from the county, schools, special districts, and other discretionary depositors throughout the County of Riverside. The primary objective of the treasurer shall be to safeguard the principal of the funds under the Treasurer's control, meet the liquidity needs of the depositor, and to maximize a return on the funds within the given parameters. The Treasurer-Tax Collector and the Capital Markets team are committed to maintaining the highest credit ratings. The Treasurer’s Pooled Investment Fund is currently rated Aaa-bf by Moody’s Investor Service and AAAf/S1 by Fitch Ratings, two of the nation’s most trusted bond credit rating services. Since its inception, the Treasurer’s Pooled Investment Fund has been in full compliance with the Treasurer’s Statement of Investment Policy, which is more restrictive than California Government Code 53646. Treasurer’s Statement Capital Markets Team Jon Christensen Treasurer-Tax Collector Giovane Pizano Chief Investment Manager Steve Faeth Senior Investment Manager Isela Licea Assistant Investment Manager Jake Nieto Administrative Services Assistant Treasurer’s Pooled Investment Fund 6-Month Pool Performance June began with markets nervously waiting to see if the trade war was going to escalate, but concluded with a sigh of relief following the G20 summit, where the U.S. and China announced a freeze in their trade dispute. On the economic front, indicators pointed to a strong U.S. econo- my, with some gathering storms. Deutsche Bank, the beleaguered German bank, is believed to pose a risk to the global financial system due to its underwhelming finan- cial metrics and the interconnection of its $49 trillion derivatives portfolio. Fears of Deutsche Bank failing intensified when it recently an- nounced layoffs of 15K of its global workforce. On June 27, the Federal Reserve announced the result of its stress test, which demonstrated the ability of U.S. banks to remain solvent under dire economic circumstances, including Deutsche Bank’s U.S. branch. Geopolitical tensions spiked with attacks on two oil tankers in the Strait of Hormuz and a U.S. drone being shot down by Iran. However, corpo- rations and consumers will benefit from the U.S. withholding on the implementation of 25% tariffs on an additional $300 billion worth of Chinese imports. With September rapidly approaching, markets will be more concerned over the debt ceiling crisis. Congress has yet to finalize a deal and the U.S. national debt sits north of $22 trillion. The U.S. Treasury Department is estimated to run out of funds sometime in September of this year. U.S. economic growth was strong with real GDP for 1Q19 at 3.1%, mainly driven by robust consumer spending and government spending. Meanwhile, global economic activity slowed. The IMF is forecasting near-recession growth rates for the Euro Area. Despite nonfarm payrolls coming in far below market expectations at 75K, the U.S. labor market appeared strong in May. Initial jobless claims remained at a multi-decade low and the U6 rate, which accounts for unemployed persons plus "marginally attached workers and those working part-time for economic reasons," was the lowest since 2000 at 7.1%. However, the Consumer Confidence Index decreased more than expected in June to 121.5, down from 131.3 in May. Industrial activity also showed signs of slowing as the manufacturing PMI fell to a 10-year low at 50.1. The national housing market continued to show signs of a slowdown in May. Existing home sales fell 1.1% YoY while new home sales fell 3.7% YoY. This contrasts Riverside County’s housing market, where data from CoreLogic showed a 2.6% YoY increase in home sales in May. Technology and information companies like Facebook and Google have recently been sub- ject to scrutiny from U.S. politicians and European regulatory agencies for their potential violations of consumer privacy. Government intervention could be consequential for how technology and information companies generate revenue by using consumer data to market to advertisers. Higher tariffs would result in increased prices for consumers, and reduce revenues and profits margins for U.S. retailers like Walmart. However, Walmart has less exposure to tariffs than its com- petitors, such as Target, due to its scale, pricing power with vendors, and significant groceries sales. Adverse Midwestern weather and U.S.-China trade have compressed margins and reduced demand for vegetable oils and protein meals for Archer-Daniels-Midlands and its competitors in the agricultural processing industry, which is ex- pected to decrease profits and revenues for the quarter ending June 30, 2019. The effects of heightened risks to corporations stemming from trade, the slowdown in the global economy, industrial disruptions, etc. have been mostly speculative. They will become observable in mid-July to late August when corporations report their earnings. The combination of rising tensions with Iran, the weakening global economy, and our ongo- ing trade battle with China caused the Federal Reserve to change their policy stance at their mid-month meeting and openly hint at a funds rate decrease as early as July. This new Fed stance brought rates down further, with the 2- year Treasury yield ending the month at 1.75 from a start at 1.82 and the 5-year Treasury yield end- ing the month at 1.76 from a start at 1.83. Jon Christensen Treasurer-Tax Collector Monthly Commentary Trade Solstice Month End Market Value ($)* Month End Book Value ($) Paper Gain or Loss ($) Paper Gain or Loss (%) Book Yield (%) WAM (Yrs) Jun-19 6,838,812,308.82 6,811,213,591.28 27,598,717.54 0.41% 2.32 1.06 May-19 7,583,793,753.68 7,563,023,912.99 20,769,840.69 0.27% 2.35 1.09 Apr-19 8,177,376,431.91 8,168,198,799.92 9,177,631.99 0.11% 2.36 1.09 Mar-19 7,525,389,587.99 7,522,791,418.69 2,598,169.30 0.35% 2.35 1.04 Feb-19 6,837,521,658.62 6,846,174,413.16 (8,652,754.54) -0.13% 2.32 1.06 Jan-19 6,985,230,147.03 6,993,292,063.97 (8,061,916.94) -0.12% 2.31 1.05 *Market values do not include accrued interest. 100 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 3 Key Economic Indicators National Economy Economy CA added 19.4K jobs in May, falling short of year-to-date (24.7K) and 2018 (23.2K) monthly averages. [BLS; 06/28/2019]  U.S.-China trade dispute caused exports from CA to China to fall 0.5% in 2018, corresponding with state GDP growth falling from 3.5% in 2018 to 2% in 1Q19. [CNBC; 06/28/2019]  CA housing market improved in May, with home sales rising above 400K for the first time in 10 months. [CAR; 06/28/2019]  Inland Empire job growth increased 1.7% YoY in May 2019 , up from February’s growth of 1.2% YoY. [FRED; 06/28/2019] State Economy U.S. Housing Starts U.S. Durable Goods Orders Nonfarm Jobs Added - Y/Y Job growth slowed in May, with 75k payrolls added com- pared to expectations for 180K. [Econoday; 06/28/2019]  Durable goods orders have trended downward since 3Q18, consistent with other key industrial indexes. [FRED; 06/28/2019]  Housing starts were solid this May with 1.27MM SAAR, but home sales measures still lagged May 2018. [FRED; 06/28/2019]  The Consumer Confidence and Consumer Sentiment indexes fell in June from May levels, pulled down by expectations of lower inflation. [Econoday; 06/28/2019] U of M Consumer Sentiment Release Date Indicator Actual Consensus Difference 06/27/2019 Real GDP - Q/Q Change - SAAR - 1Q19 (3rd estimate) 3.10% 3.10% 0.00% 06/07/2019 Unemployment Rate - Seasonally Adjusted 3.60% 3.70% -0.10% 06/07/2019 Non-Farm Payrolls - M/M Change 75,000 180,000 -105,000 06/12/2019 CPI - Y/Y Change 1.80% 2.10% 1.90% 06/12/2019 CPI Ex Food and Energy - Y/Y Change 2.00% 2.10% -0.10% 06/05/2019 ISM Non-Manufacturing Index (> 50 indicates growth) 56.9 55.8 1.10 06/25/2019 New Home Sales - SAAR - Thousands of units 626 680 -54 06/04/2019 Factory Orders - M/M Change -0.80% -0.80% 0.00% 06/26/2019 Durable Goods Orders - New Orders - M/M Change -1.30% -0.10% -1.20% 0.0 1.0 2.0 3.0 4.0 5.0 6.0 Percent United States California Inland Empire 200 225 250 275 Millions, USD 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 80 85 90 95 100 105 Percent Points Index Points U of M Consumer Sentiment (LHS) U of M Inflation Expectations (RHS) 400 600 800 1,000 1,200 1,400 (000's)Recession Housing Starts 5 Mo. Mvg. Avg. 101 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 4 U.S. Treasury Curve The US Treasury Curve and its forecasted values are subject to frequent change and will be updated monthly with each issued TPIF report. Market Data Fed Funds Target Rate (Upper Limit) FOMC Meeting 06/19/2019  The FOMC stated that data received since their last meeting in May “indicates that the labor market remains strong and that economic activity rose at a moderate rate.”  The Federal Open Market Committee maintained the Fed Funds Target Rate at 2.25—2.50%.  “The Committee continues to view sustained expansion of economic activity, strong labor market conditions, and in- flation near the Committee’s symmetric 2 percent objective as the most likely outcomes, but uncertainties about this outlook have increased,” stated the FOMC in their June 19 press release. 1.50 2.00 2.50 0 5 10 15 20 25 30Yield (%)Years 06/03/2019 06/28/2019 Treasury Curve Differentials 3 Mo 6 Mo 1 Yr 2 Yr 3 Yr 5 Yr 10 Yr 30 Yr 06/28/2019 - 06/03/2019 -0.23 -0.22 -0.19 -0.07 -0.08 -0.07 -0.07 -0.01 06/28/2019 2.12 2.09 1.92 1.75 1.71 1.76 2.00 2.52 06/03/2019 2.35 2.31 2.11 1.82 1.79 1.83 2.07 2.53 1.00% 1.50% 2.00% 2.50% 3.00% 102 * Values listed on this page are in US dollars and are based on the final business day of each month. COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 5 Market Data cont’d Commodities Stocks 100.00 120.00 140.00 160.00 180.00 Precious Metals Industrial Metals 0 2 4 6 8 10 12 14 16 18 Percent 2-Yr. Treasury Constant Maturity Rate *Note: Shaded areas indicate U.S. recessions. 2.00 2.50 3.00 3.50 4.00 4.50 5.00 45.00 55.00 65.00 75.00 Nymex Crude (LHS)Nymex Nat Gas (RHS) 2,500.00 2,750.00 3,000.00 20,000.00 25,000.00 30,000.00 Dow Jones (LHS)S&P 500 (RHS) 103 The County of Riverside’s Treasurer’s Pooled Investment Fund is currently rated AAA-bf by Moody’s Investor Service and AAAf/S1 by Fitch Ratings. Aaa 74% Aa1 5% Aa2 4%Aa3 3% NR 14% AAA 5% AA+ 74% AA 4%AA- 3% NR 14% Moody’s Asset Rating (000’s) S&P Asset Rating (000’s) COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 6 Portfolio Data Based on historic and current financial conditions within the County, the Pool is expected to maintain sufficient liquidity o f funds to cover County expenses for the next twelve months. * Values listed in Cash Flow Table are in millions of USD. 12-Month Projected Cash Flow Book MKT/Book % Book Yield Aaa 5,046,122.74 100.41% 74.09% 2.24% Aa1 364,091.59 100.60% 5.35% 2.57% Aa2 264,367.51 100.51% 3.88% 2.50% Aa3 173,547.25 101.75% 2.55% 2.76% NR 963,084.50 100.05% 14.14% 2.50% Totals: 6,811,213.59 100.41% 100.00% 2.32% Book MKT/Book % Book Yield AAA 361,074.03 100.62% 5.30% 2.41% AA+ 5,014,140.30 100.41% 73.62% 2.25% AA 283,614.61 100.75% 4.16% 2.56% AA- 189,300.15 101.20% 2.78% 2.73% NR 963,084.50 100.05% 14.14% 2.50% Totals: 6,811,213.59 100.41% 100.00% 2.32% Month Monthly Receipts Monthly Disbursements Difference Required Matured Investments Balance Actual Investments Maturing Available to Invest > 1 Year 07/2019 128.80 07/2019 969.28 1,250.00 (280.72) 151.92 - 1,596.95 08/2019 900.00 1,200.00 (300.00) 300.00 - 586.38 09/2019 1,100.00 1,200.00 (100.00) 100.00 - 534.61 10/2019 1,100.00 1,300.00 (200.00) 200.00 - 404.28 11/2019 1,300.00 1,200.00 100.00 100.00 380.00 12/2019 2,375.13 1,200.00 1,175.13 1,275.13 5.00 01/2020 1,100.00 2,200.00 (1,100.00) 175.13 162.50 02/2020 1,100.00 1,500.00 (400.00) 224.87 - 115.33 03/2020 1,350.00 1,200.00 150.00 150.00 123.29 04/2020 1,350.00 1,200.00 150.00 300.00 265.65 05/2020 1,700.00 1,700.00 - 300.00 142.66 06/2020 1,000.00 1,736.13 (736.13) 436.13 - 80.43 TOTALS 15,344.41 16,886.13 (1,541.72) 1,412.92 2,429.06 4,397.07 5,398.29 20.74%64.56%79.26% 104 Asset Maturity Distribution (Par Value, 000’s) Portfolio Data cont’d TIMMI The Treasurer’s Institutional Money Market Index (TIMMI) is a composite index of four AAA rated prime institutional money market funds. Their average yield is compared to the yield of the Treasurer’s Pooled Investment Fund in the above graph. Asset Allocation (000’s) COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 7 20.56% 1,406,945.94 16.05% 1,098,485.00 26.98% 1,846,288.00 13.79% 943,864.00 13.27% 908,290.00 9.33% 638,538.00 - 500,000 1,000,000 1,500,000 2,000,000 0-1 Mos 1-3 Mos 3-12 Mos 1-2 Yr 2-3 Yr 3-5 Yr Assets Scheduled Book Scheduled Market Mkt/Book Yield WAL (Yr.) Mat (Yr.) TREAS 584,231.55 588,210.70 100.68% 2.46% 0.31 0.31 AGENCIES 3,865,922.36 3,878,985.00 100.34% 2.18% 1.22 1.65 MMKT 107,000.00 107,000.00 100.00% 2.30% 0.00 0.00 CASH 778,000.00 778,000.00 100.00% 2.52% 0.00 0.00 CALTRUST FND 4,023.98 4,023.98 100.00% 2.64% 0.00 0.00 COMM PAPER 914,812.22 920,200.11 100.59% 2.51% 0.16 0.16 NCDS 35,000.00 35,000.00 100.00% 3.00% 0.13 0.13 MEDIUM TERM NOTES 288,841.41 292,355.70 101.22% 2.60% 0.58 0.60 MUNI 233,302.07 234,956.83 100.71% 2.48% 1.34 1.34 LOCAL AGCY OBLIG 80.00 80.00 100.00% 2.85% 0.96 0.96 Totals: 6,811,213.59 6,838,812.31 100.41% 2.32% 0.81 1.05 * For details on the Pool’s composition see Month End Portfolio Holdings, pages 9 to 13. 1.88%1.92%1.96%2.01%2.09% 2.18%2.27%2.30%2.32%2.35%2.36%2.35%2.32%2.08%2.07%2.06%2.17% 2.27%2.33% 2.53%2.53%2.52%2.53%2.51%2.46%2.42% 1.50% 2.00% 2.50% Pool Yield TIMMI 105 Compliance Status: Full Compliance The Treasurer’s Pooled Investment Fund was in full compliance with the County of Riverside’s Treasurer’s State- ment of Investment Policy. The County’s Statement of Investment Policy is more restrictive than California Gov- ernment Code 53646. The County’s Investment Policy is reviewed annually by the County of Riverside’s Over- sight Committee and approved by the Board of Supervisors. 1 Money Market Mutual Funds maturity may be interpreted as a weighted average maturity not exceeding 60 days. THIS COMPLETES THE REPORT REQUIREMENTS OF CALIFORNIA GOVERNMENT CODE 53646. COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 8 Compliance Report GOVERNMENT CODE COUNTY INVESTMENT POLICY Investment Category Maximum Remaining Maturity Authorized % Limit S&P/ Moody's Maximum Remaining Maturity Authorized % Limit S&P/ Moody's Actual % MUNICIPAL BONDS (MUNI) 5 YEARS NO LIMIT NA 4 YEARS 15% AA-/Aa3/AA- 3.41% U.S. TREASURIES 5 YEARS NO LIMIT NA 5 YEARS 100% NA 8.62% LOCAL AGENCY OBLIGATIONS (LAO) 5 YEARS NO LIMIT NA 3 YEARS 2.50% INVESTMENT GRADE <0.01% FEDERAL AGENCIES 5 YEARS NO LIMIT AAA 5 YEARS 100% NA 56.69% COMMERCIAL PAPER (CP) 270 DAYS 40% A1/P1 270 DAYS 40% A1/P1/F1 13.50% CERTIFICATE & TIME DEPOSITS (NCD & TCD) 5 YEARS 30% NA 1 YEAR 25% Combined A1/P1/F1 0.51% INT'L BANK FOR RECON- STRUCTION AND DEVEL- OPMENT AND INT'L FI- NANCE CORPORATION NA NA NA 4 YEARS 20% AA/Aa/AA 0.00% REPURCHASE AGREEMENTS (REPO) 1 YEARS NO LIMIT NA 45 DAYS 40% max, 25% in term repo over 7 days A1/P1/F1 0.00% REVERSE REPOS 92 DAYS 20% NA 60 DAYS 10% NA 0.00% MEDIUM TERM NOTES (MTNO) 5 YEARS 30% A 3 YEARS 20% AA/Aa2/AA 4.28% CALTRUST SHORT TERM FUND NA NA NA DAILY LIQUIDITY 1.00% NA 0.06% MONEY MARKET MUTUAL FUNDS (MMF) 60 DAYS(1) 20% AAA/Aaa (2) DAILY LIQUIDITY 20% AAA by 2 Of 3 RATINGS AGC. 1.56% LOCAL AGENCY INVESTMENT FUND (LAIF) NA NA NA DAILY LIQUIDITY Max $50 million NA 0.00% CASH/DEPOSIT ACCOUNT NA NA NA NA NA NA 11.37% 106 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss FIDELITY GOV 07/01/2019 2.300 102,000,000.00 102,000,000.00 100.000000 102,000,000.00 0.00 FEDERATED GOV 07/01/2019 2.283 1,000,000.00 1,000,000.00 100.000000 1,000,000.00 0.00 GOLDMAN SACHS GOV 07/01/2019 2.293 3,000,000.00 3,000,000.00 100.000000 3,000,000.00 0.00 WELLS FARGO GOV 07/01/2019 2.295 1,000,000.00 1,000,000.00 100.000000 1,000,000.00 0.00 2.300 107,000,000.00 107,000,000.00 100.000000 107,000,000.00 0.00 CALTRUST SHT TERM FUND 07/01/2019 2.656 4,015,944.14 4,023,976.03 100.200000 4,023,976.03 0.00 2.656 4,015,944.14 4,023,976.03 100.200000 4,023,976.03 0.00 BANK OF THE WEST 07/01/2019 2.546 300,000,000.00 300,000,000.00 100.000000 300,000,000.00 0.00 2.546 300,000,000.00 300,000,000.00 100.000000 300,000,000.00 0.00 UB MANAGED RATE 07/01/2019 2.431 138,000,000.00 138,000,000.00 100.000000 138,000,000.00 0.00 PACIFIC PREMIER BANK 07/01/2019 2.426 40,000,000.00 40,000,000.00 100.000000 40,000,000.00 0.00 FIRST REPUBLIC BANK 07/01/2019 2.543 300,000,000.00 300,000,000.00 100.000000 300,000,000.00 0.00 UB EXCEPTION RATE 07/01/2019 2.488 0.00 0.00 .000000 0.00 0.00 2.501 478,000,000.00 478,000,000.00 100.000000 478,000,000.00 0.00 US DIST COURTHOUSE 06/15/2020 2.845 80,000.00 80,000.00 100.000000 80,000.00 0.00 2.845 80,000.00 80,000.00 100.000000 80,000.00 0.00 U.S. TREASURY BILL 08/29/2019 2.458 40,000,000.00 39,503,038.80 99.656000 39,862,400.00 359,361.20 2.458 40,000,000.00 39,503,038.80 99.656000 39,862,400.00 359,361.20 U.S. TREASURY BOND 07/31/2019 1.375 25,000,000.00 24,975,585.94 99.927000 24,981,750.00 6,164.06 U.S. TREASURY BOND 07/31/2019 1.375 25,000,000.00 24,980,468.75 99.927000 24,981,750.00 1,281.25 U.S. TREASURY BOND 07/31/2019 1.375 25,000,000.00 24,811,523.44 99.927000 24,981,750.00 170,226.56 U.S. TREASURY BOND 07/31/2019 .875 25,000,000.00 24,736,328.13 99.886000 24,971,500.00 235,171.87 U.S. TREASURY BOND 11/15/2019 1.000 75,000,000.00 73,939,453.13 99.578000 74,683,500.00 744,046.87 U.S. TREASURY BOND 10/31/2019 1.250 50,000,000.00 49,449,218.75 99.703000 49,851,500.00 402,281.25 U.S. TREASURY BOND 08/31/2019 1.000 50,000,000.00 49,480,468.75 99.787000 49,893,500.00 413,031.25 U.S. TREASURY BOND 10/31/2019 1.500 50,000,000.00 49,611,328.13 99.793000 49,896,500.00 285,171.87 U.S. TREASURY BOND 11/30/2019 1.000 40,000,000.00 39,528,125.00 99.535000 39,814,000.00 285,875.00 U.S. TREASURY BOND 10/15/2019 1.000 45,000,000.00 44,569,335.94 99.680000 44,856,000.00 286,664.06 U.S. TREASURY BOND 11/15/2019 1.000 40,000,000.00 39,565,625.00 99.578000 39,831,200.00 265,575.00 U.S. TREASURY BOND 11/15/2019 1.000 35,000,000.00 34,652,734.38 99.578000 34,852,300.00 199,565.62 U.S. TREASURY BOND 01/31/2020 1.375 50,000,000.00 49,539,062.50 99.594000 49,797,000.00 257,937.50 U.S. TREASURY BOND 03/15/2020 1.625 15,000,000.00 14,889,257.81 99.707000 14,956,050.00 66,792.19 1.165 550,000,000.00 544,728,515.65 99.699691 548,348,300.00 3,619,784.35 FHLMC 1YrNc9MoE 04/08/2020 2.460 25,000,000.00 24,996,250.00 100.146000 25,036,500.00 40,250.00 FHLMC 5YrNc3MoE 06/17/2024 2.300 25,000,000.00 25,000,000.00 99.779000 24,944,750.00 -55,250.00 2.380 50,000,000.00 49,996,250.00 99.962500 49,981,250.00 -15,000.00 FHLMC 3.5YrNc6MoE 10/11/2019 1.500 15,000,000.00 15,000,000.00 99.794000 14,969,100.00 -30,900.00 FHLMC 3YrNc3MoB 07/26/2019 1.250 10,000,000.00 10,000,000.00 99.931000 9,993,100.00 -6,900.00 FHLMC 3.5YrNc1YrE 02/25/2020 1.250 10,000,000.00 10,000,000.00 99.469000 9,946,900.00 -53,100.00 FHLMC 3.5YrNc1YrE 05/08/2020 1.200 15,000,000.00 15,000,000.00 99.398000 14,909,700.00 -90,300.00 FHLMC 4YrNc6MoE 11/25/2020 1.370 25,000,000.00 25,000,000.00 99.282000 24,820,500.00 -179,500.00 FHLMC 4YrNc1YrE 11/30/2020 1.440 10,000,000.00 10,000,000.00 99.372000 9,937,200.00 -62,800.00 FHLMC 2.25YrNc6MoB 09/27/2019 1.500 6,250,000.00 6,248,750.00 99.841000 6,240,062.50 -8,687.50 FHLMC 2YrNc3MoB 07/26/2019 1.600 5,000,000.00 5,000,000.00 99.960000 4,998,000.00 -2,000.00 FHLMC 3YrNc3MoB 09/29/2020 1.800 15,000,000.00 15,000,000.00 99.789000 14,968,350.00 -31,650.00 FHLMC 2.75Yr 01/17/2020 1.500 25,000,000.00 24,942,750.00 99.646000 24,911,500.00 -31,250.00 FHLMC 2.75YrNc2MoB 06/29/2020 1.750 20,000,000.00 19,983,860.00 99.679000 19,935,800.00 -48,060.00 FHLMC 2YrNc5MoB 09/27/2019 1.500 20,000,000.00 19,953,600.00 99.849000 19,969,800.00 16,200.00 FHLMC 2YrNc6MoB 09/27/2019 1.500 25,000,000.00 24,942,500.00 99.849000 24,962,250.00 19,750.00 FHLMC 2.5YrNc3MoB 08/10/2020 1.450 10,000,000.00 9,769,000.00 99.413000 9,941,300.00 172,300.00 FHLMC 4.5YrNc7MoB 11/14/2022 2.300 12,628,000.00 12,381,754.00 100.039000 12,632,924.92 251,170.92 FHLMC 5YrNc3YrE 05/26/2023 3.000 15,000,000.00 15,000,000.00 101.668000 15,250,200.00 250,200.00 FHLMC 5YrNc2YrE 06/29/2023 3.100 5,000,000.00 5,000,000.00 101.081000 5,054,050.00 54,050.00 FHLMC 3YrNc1YrE 10/29/2021 3.100 5,000,000.00 5,000,000.00 100.385000 5,019,250.00 19,250.00 FHLMC 3YrNc1YrE 11/15/2021 3.150 10,000,000.00 10,000,000.00 100.443000 10,044,300.00 44,300.00 FHLMC 3YrNc1YrE 11/15/2021 3.150 5,000,000.00 5,000,000.00 100.443000 5,022,150.00 22,150.00 FHLMC 3YrNc1YrE 11/15/2021 3.150 5,000,000.00 5,000,000.00 100.443000 5,022,150.00 22,150.00 FHLMC 3YrNc1YrE 11/26/2021 3.150 25,000,000.00 25,000,000.00 100.490000 25,122,500.00 122,500.00 FHLMC 3YrNc1YrE 11/26/2021 3.160 10,000,000.00 10,000,000.00 100.503000 10,050,300.00 50,300.00 FHLMC 1.6YrNc1Yr 07/13/2020 1.850 15,000,000.00 14,758,950.00 99.745000 14,961,750.00 202,800.00 FHLMC 3.75YrNc6MoB 12/27/2022 2.850 10,000,000.00 10,000,000.00 100.135000 10,013,500.00 13,500.00 FHLMC 1.08YrNc3MoB 05/01/2020 2.550 25,000,000.00 25,000,000.00 100.002000 25,000,500.00 500.00 FHLMC 3YrNc3MoB 04/12/2022 2.750 25,000,000.00 25,000,000.00 100.014000 25,003,500.00 3,500.00 FHLMC 3.5YrNc6MoQ 10/17/2022 2.625 25,000,000.00 25,000,000.00 100.171000 25,042,750.00 42,750.00 FHLMC 5YrNc6MoE 04/22/2024 2.570 15,000,000.00 15,000,000.00 100.131000 15,019,650.00 19,650.00 FHLMC 2.75YrNc9MoE 01/24/2022 2.500 5,000,000.00 5,000,000.00 100.291000 5,014,550.00 14,550.00 FHLMC 5YrNc1YrE 04/24/2024 2.625 15,000,000.00 15,000,000.00 100.417000 15,062,550.00 62,550.00 FHLMC 5YrNc1YrE 04/24/2024 2.610 15,000,000.00 15,000,000.00 100.393000 15,058,950.00 58,950.00 FHLMC 5YrNc1YrE 04/24/2024 2.610 15,000,000.00 15,000,000.00 100.393000 15,058,950.00 58,950.00 FHLMC 5YrNc2YrB 05/03/2024 2.600 10,000,000.00 10,000,000.00 101.036000 10,103,600.00 103,600.00 FHLMC 1YrNc3MoB 05/29/2020 2.530 15,000,000.00 15,000,000.00 100.034000 15,005,100.00 5,100.00 FHLMC 3YrNc3MoB 05/09/2022 2.750 15,000,000.00 15,000,000.00 100.016000 15,002,400.00 2,400.00 FHLMC 3YrNc1YrE 06/10/2022 2.400 5,000,000.00 5,000,000.00 100.297000 5,014,850.00 14,850.00 FHLMC 5YrNc6MoE 06/20/2024 2.250 15,000,000.00 15,000,000.00 99.858000 14,978,700.00 -21,300.00 2.204 528,878,000.00 527,981,164.00 100.034921 529,062,687.42 1,081,523.42 FHLMC 5YrNc6MoB 10/29/2020 2.000 15,000,000.00 15,000,000.00 99.953000 14,992,950.00 -7,050.00 FHLMC 5YrNc6MoB 02/26/2021 1.500 10,000,000.00 10,000,000.00 99.884000 9,988,400.00 -11,600.00 FHLMC 5YrNc6MoB 02/26/2021 1.500 10,000,000.00 10,000,000.00 99.930000 9,993,000.00 -7,000.00 FHLMC 5YrNc3MoB 06/09/2021 1.750 15,000,000.00 15,000,000.00 99.628000 14,944,200.00 -55,800.00 FHLMC 5YrNc3MoB 05/25/2021 1.625 20,000,000.00 20,000,000.00 99.660000 19,932,000.00 -68,000.00 FHLMC 5YrNc3MoB 06/16/2021 2.000 15,000,000.00 14,997,000.00 100.014000 15,002,100.00 5,100.00 FHLMC 5YrNc3MoB 06/30/2021 1.625 15,000,000.00 15,000,000.00 99.684000 14,952,600.00 -47,400.00 FHLMC 5YrNc6MoB 06/30/2021 1.700 15,000,000.00 15,000,000.00 99.869000 14,980,350.00 -19,650.00 FHLMC 5YrNc3MoB 06/30/2021 2.000 10,000,000.00 10,000,000.00 99.829000 9,982,900.00 -17,100.00 FHLMC 5YrNc6MoB 07/13/2021 1.750 15,000,000.00 15,000,000.00 99.999000 14,999,850.00 -150.00 FHLMC 4YrNc6MoB 07/27/2020 1.500 15,000,000.00 15,000,000.00 99.673000 14,950,950.00 -49,050.00 3134GTUA9 3134G8TG4 1465: FHLMC-STEP%-S30/360 3134G7S77 3134GSA96 3134GSA96 3137EAEE5 3134GBX80 LAO 1300: U.S. TREASURY BILL 912796SF7 1310: U.S. TREASURY BOND 1420: FHLMC-Fxd-Q 30/360 912828T59 912828U32 912828U32 1065: CLTR-A/365-6 CLTR 1080: MGD RATE-A/365-6 CASH 1170: MGD RATE-A/360 CASH CASH 3134GSD44 3134GTTX1 3134GBXV9 3134GSC45 3134GTHV8 3134G8KU2 9128282K5 912828TH3 912828TN0 3134GTEB5 CASH 3134GABZ6 3134GSMF9 3134GSB53 3134GTFF5 1.500 1.058 1.0773134G9S40 2.000 1.958 2.003 3134G9XA0 1.750 1.988 2.038 3134G9UX3 1.625 1.962 2.003 3134G9VA2 1.700 1.964 2.003 3134G9UM7 1.625 1.865 1.904 2.010 1.919 1.964 1.500 1.625 1.663 3134G9JX6 1.750 1.901 1.945 3134G8L31 2.000 1.309 1.334 1.500 1.625 1.663 2.280 2.038 2.152 2.400 2.823 2.948 2.250 4.677 4.978 4.822 2.530 .896 .915 2.750 2.721 2.860 2.460 2.573 2.610 4.478 4.822 2.600 4.504 4.847 2.610 4.478 2.625 4.476 4.822 2.750 2.647 2.786 2.570 4.478 4.816 2.500 2.625 3.123 3.301 2.850 3.320 3.496 2.550 .819 .838 3.160 2.293 2.411 2.870 1.008 1.038 3.150 2.263 2.381 3.150 2.293 2.411 3.150 2.263 2.381 3.150 2.263 2.381 3.100 3.732 4.000 3.100 2.221 2.334 2.755 3.210 3.378 3.000 3.650 3.907 1.621 .242 .244 2.421 1.087 1.115 1.780 .984 1.000 1.800 1.223 1.620 .242 .244 1.600 .071 .071 1.252 1.602 .539 .551 1.440 1.396 1.422 1.509 .242 .244 1.200 .847 .858 1.370 1.383 1.408 1.250 .071 .071 1.250 .646 .658 1.500 .280 .282 2.300 4.675 4.970 2.388 2.713 2.869 2.475 .758 .775 2.449 .696 .710 2.458 .317 .322 2.524 .373 .378 2.462 .573 .589 2.529 .289 .293 2.534 .373 .378 .333 .337 2.541 .414 .419 912828F62 912828UB4 2.557 .373 .378 2.606 .332 .337 2.603 .168 .170 2.628 .084 .085 2.608 .084 .085 2.601 .084 .085 1.418 .160 .164 1.428 .084 .085 2.488 .450 .962 2.488 .160 .164 2.845 2.488 .000 2.845 .450 .962 .003 .003 .003 2.501 .003 .003 2.543 2.431 .003 .003 2.426 .003 .003 2.546 .003 .003 2.546 .003 .003 .003 .0032.644 2.300 .003 .003 2.644 .003 .003 FGTXX 2.293 .003 .003 GOFXX 2.295 .003 .003WFFXX FRGXX 2.300 .003 .003 2.283 .003 .003 1060: MMKT ACCTS-A/365-6 Yield To Mat Modified Duration Years To Maturity CUSIP 3134GBTX0 912828UL2 3134GBYS5 912828U32 Month End Portfolio Holdings Fund: 1 POOL FUND 912828W63 3134GSA96 3134GBG30 3134GBG30 3134GTDQ3 3134GTED1 3134GTCP6 3134GTGX5 3134GTKG7 3134GTLZ4 CASH 3134G9JW8 9128282K5 9128282K5 3134GTLU5 3134GTSF1 3134GSQL2 3134GS5Y7 3134GTGX5 3134G9NU7 1175: LAO-SINKING FND-A/360 1425: FHLMC-Fxd-S 30/360 3134G9Q75 3134GAVF8 3134GAXZ2 3134GBK35 3134GAYK4 3134GBWH1 912828TV2 3134G9W37 3134GTHH9 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 9107 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Yield To Mat Modified Duration Years To Maturity CUSIP Month End Portfolio Holdings FHLMC 5YrNc3MoB 08/10/2021 1.500 15,000,000.00 15,000,000.00 99.432000 14,914,800.00 -85,200.00 FHLMC 4YrNc6MoB 08/10/2020 1.500 15,000,000.00 15,000,000.00 99.630000 14,944,500.00 -55,500.00 FHLMC 5YrNc3MoB 08/10/2021 1.500 10,000,000.00 10,000,000.00 99.750000 9,975,000.00 -25,000.00 FHLMC 5YrNc3MoB 08/25/2021 1.500 15,000,000.00 15,000,000.00 99.655000 14,948,250.00 -51,750.00 FHLMC 5YrNc3MoB 08/25/2021 1.500 10,000,000.00 10,000,000.00 99.581000 9,958,100.00 -41,900.00 FHLMC 5YrNc3MoB 08/25/2021 1.375 15,000,000.00 15,000,000.00 99.523000 14,928,450.00 -71,550.00 FHLMC 4.25YrNc3MoB 12/08/2020 1.500 20,000,000.00 20,000,000.00 99.605000 19,921,000.00 -79,000.00 FHLMC 5YrNc6MoB 08/24/2021 1.500 20,000,000.00 20,000,000.00 99.932000 19,986,400.00 -13,600.00 FHLMC 5YrNc3MoB 09/13/2021 1.500 16,500,000.00 16,500,000.00 99.631000 16,439,115.00 -60,885.00 FHLMC 5YrNc3MoB 09/30/2021 1.500 20,000,000.00 20,000,000.00 99.555000 19,911,000.00 -89,000.00 FHLMC 5YrNc6MoB 09/30/2021 1.450 15,000,000.00 15,000,000.00 99.722000 14,958,300.00 -41,700.00 FHLMC 5YrNc6MoB 09/30/2021 1.500 15,000,000.00 15,000,000.00 99.765000 14,964,750.00 -35,250.00 FHLMC 5YrNc3MoB 10/25/2021 1.500 10,000,000.00 10,000,000.00 99.587000 9,958,700.00 -41,300.00 FHLMC 5YrNc3MoB 10/25/2021 1.500 6,705,000.00 6,705,000.00 99.587000 6,677,308.35 -27,691.65 FHLMC 5YrNc3MoB 10/27/2020 1.500 10,000,000.00 10,000,000.00 99.811000 9,981,100.00 -18,900.00 FHLMC 5YrNc6MoB 10/27/2021 1.400 15,000,000.00 15,000,000.00 99.434000 14,915,100.00 -84,900.00 FHLMC 5YrNc6MoB 10/27/2021 1.400 15,000,000.00 15,000,000.00 99.434000 14,915,100.00 -84,900.00 FHLMC 5YrNc6MoB 10/28/2021 1.500 10,000,000.00 10,000,000.00 99.955000 9,995,500.00 -4,500.00 FHLMC 5YrNc3MoB 10/27/2021 1.500 15,000,000.00 15,000,000.00 99.505000 14,925,750.00 -74,250.00 FHLMC 5YrNc3MoB 10/27/2021 1.500 15,000,000.00 15,000,000.00 99.505000 14,925,750.00 -74,250.00 FHLMC 5YrNc3MoB 10/27/2021 1.500 10,000,000.00 10,000,000.00 99.730000 9,973,000.00 -27,000.00 FHLMC 5YrNc3MoB 11/10/2021 1.550 17,000,000.00 17,000,000.00 99.434000 16,903,780.00 -96,220.00 FHLMC 5YrNc3MoB 10/27/2021 1.500 14,000,000.00 14,000,000.00 99.730000 13,962,200.00 -37,800.00 FHLMC 5YrNc3MoB 11/30/2021 1.500 4,500,000.00 4,500,000.00 99.125000 4,460,625.00 -39,375.00 FHLMC 5YrNc3MoB 11/26/2021 1.550 20,000,000.00 20,000,000.00 99.401000 19,880,200.00 -119,800.00 FHLMC 5YrNc3MoB 12/09/2021 1.750 10,000,000.00 10,000,000.00 99.904000 9,990,400.00 -9,600.00 FHLMC 5YrNc3MoB 12/09/2021 1.650 20,000,000.00 20,000,000.00 99.997000 19,999,400.00 -600.00 FHLMC 5YrNc3MoB 12/30/2021 1.900 10,000,000.00 10,000,000.00 99.953000 9,995,300.00 -4,700.00 FHLMC 5YrNc3MoB 12/30/2021 1.900 10,000,000.00 10,000,000.00 99.953000 9,995,300.00 -4,700.00 FHLMC 3.5Yr 10/29/2020 2.000 7,125,000.00 7,108,968.75 99.953000 7,121,651.25 12,682.50 FHLMC 3.5YrNc6MoB 10/27/2020 2.500 15,000,000.00 15,000,000.00 100.057000 15,008,550.00 8,550.00 FHLMC 3YrNc3MoB 04/27/2020 2.000 10,000,000.00 10,000,000.00 100.001000 10,000,100.00 100.00 FHLMC 3YrNc3MoB 04/27/2020 1.650 20,000,000.00 20,000,000.00 99.758000 19,951,600.00 -48,400.00 FHLMC 3YrNc3MoB 05/22/2020 2.000 10,000,000.00 10,000,000.00 99.972000 9,997,200.00 -2,800.00 FHLMC 3YrNc6MoB 05/22/2020 1.900 20,000,000.00 20,000,000.00 99.934000 19,986,800.00 -13,200.00 FHLMC 4YrNc6MoB 02/24/2021 1.875 15,000,000.00 15,000,000.00 100.019000 15,002,850.00 2,850.00 FHLMC 3YrNc6MoB 11/24/2020 1.875 15,000,000.00 15,000,000.00 99.979000 14,996,850.00 -3,150.00 FHLMC 5YrNc3MoB 06/29/2022 2.050 20,000,000.00 20,000,000.00 100.047000 20,009,400.00 9,400.00 FHLMC 5YrNc6MoB 06/22/2022 2.000 15,000,000.00 15,000,000.00 100.009000 15,001,350.00 1,350.00 FHLMC 5YrNc3MoB 07/05/2022 2.000 20,000,000.00 20,000,000.00 100.002000 20,000,400.00 400.00 FHLMC 3.5YrNc3MoB 01/20/2021 1.750 10,000,000.00 10,000,000.00 99.998000 9,999,800.00 -200.00 FHLMC 5YrNc3MoB 07/27/2022 2.050 20,000,000.00 20,000,000.00 100.007000 20,001,400.00 1,400.00 FHLMC 5YrNc3MoB 07/27/2022 2.100 20,000,000.00 20,000,000.00 100.018000 20,003,600.00 3,600.00 FHLMC 5YrNc3MoB 08/08/2023 1.500 5,000,000.00 4,790,170.00 99.341000 4,967,050.00 176,880.00 FHLMC 5YrNc2MoB 07/27/2022 2.250 3,000,000.00 2,946,600.00 100.014000 3,000,420.00 53,820.00 FHLMC3YrNc2MoB 06/15/2022 2.250 10,000,000.00 9,799,500.00 99.858000 9,985,800.00 186,300.00 1.702 788,830,000.00 788,347,238.75 99.775401 787,058,299.60 -1,288,939.15 FNMA 3.5YrNc6MoB 12/16/2019 1.500 5,000,000.00 5,000,000.00 99.744000 4,987,200.00 -12,800.00 FNMA 4YrNc6MoE 07/13/2020 1.350 10,000,000.00 10,000,000.00 99.378000 9,937,800.00 -62,200.00 FNMA 3.25YrNc6MoB 09/30/2019 1.250 7,500,000.00 7,500,000.00 99.800000 7,485,000.00 -15,000.00 FNMA 3YrNc6MoE 07/26/2019 1.000 10,000,000.00 10,000,000.00 99.913000 9,991,300.00 -8,700.00 FNMA 3YrNc6MoE 07/26/2019 1.000 10,000,000.00 10,000,000.00 99.913000 9,991,300.00 -8,700.00 FNMA 3YrNc1YrE 07/26/2019 1.050 15,000,000.00 15,000,000.00 99.914000 14,987,100.00 -12,900.00 FNMA 3.5YrNc1YrE 07/26/2019 1.125 25,000,000.00 25,000,000.00 99.915000 24,978,750.00 -21,250.00 FNMA 3Yr 10/24/2019 1.000 10,000,000.00 9,973,200.00 99.631000 9,963,100.00 -10,100.00 FNMA 3YrNc6MoB 11/25/2019 1.400 10,000,000.00 10,000,000.00 99.694000 9,969,400.00 -30,600.00 FNMA 3Yr 07/30/2020 1.500 10,000,000.00 9,969,700.00 99.501000 9,950,100.00 -19,600.00 FNMA 2Yr 08/28/2019 1.500 10,000,000.00 10,019,600.00 99.881000 9,988,100.00 -31,500.00 FNMA 2.16Yr2MoB 01/27/2020 1.650 5,000,000.00 4,983,850.00 99.711000 4,985,550.00 1,700.00 FNMA 2Yr 01/21/2020 1.625 15,000,000.00 14,910,900.00 99.741000 14,961,150.00 50,250.00 FNMA 2.25Yr 03/06/2020 1.750 11,082,000.00 11,042,326.44 99.779000 11,057,508.78 15,182.34 FNMA 4.83Yr 10/05/2022 2.000 15,000,000.00 14,782,200.00 100.700000 15,105,000.00 322,800.00 FNMA 5Yr 01/19/2023 2.375 10,000,000.00 9,944,100.00 101.966000 10,196,600.00 252,500.00 FNMA 8Mo 08/28/2019 1.000 28,799,000.00 28,472,995.32 99.810000 28,744,281.90 271,286.58 FNMA 3YrNc6MoB 04/29/2022 2.650 30,000,000.00 29,992,500.00 100.163000 30,048,900.00 56,400.00 FNMA 4.41Yr 09/12/2023 2.875 30,000,000.00 30,670,500.00 104.149000 31,244,700.00 574,200.00 1.678 267,381,000.00 267,261,871.76 100.445746 268,572,840.68 1,310,968.92 FNMA 4.25YrNc6MoB 09/09/2020 1.750 15,000,000.00 15,000,000.00 99.538000 14,930,700.00 -69,300.00 1.750 15,000,000.00 15,000,000.00 99.538000 14,930,700.00 -69,300.00 FNMA 4YrNc6MoB 03/09/2020 2.000 15,000,000.00 15,000,000.00 99.987000 14,998,050.00 -1,950.00 FNMA 5YrNc6MoB 03/30/2021 2.000 15,000,000.00 15,000,000.00 99.700000 14,955,000.00 -45,000.00 FNMA 5YrNc6MoB 06/09/2021 1.625 15,000,000.00 15,000,000.00 99.814000 14,972,100.00 -27,900.00 FNMA 4YrNc6MoB 06/30/2020 1.750 20,000,000.00 20,000,000.00 99.856000 19,971,200.00 -28,800.00 FNMA 5YrNc6MoB 07/27/2021 1.400 15,000,000.00 15,000,000.00 99.359000 14,903,850.00 -96,150.00 FNMA 5YrNc6MoB 07/27/2021 1.375 20,000,000.00 20,000,000.00 99.551000 19,910,200.00 -89,800.00 FNMA 4YrNc6MoB 11/24/2020 1.375 15,000,000.00 15,000,000.00 99.597000 14,939,550.00 -60,450.00 1.639 115,000,000.00 115,000,000.00 99.695609 114,649,950.00 -350,050.00 FHLB DISC NTE 07/26/2019 2.530 25,000,000.00 24,615,229.17 99.847000 24,961,750.00 346,520.83 FHLB 2YrNc3MoB 08/28/2019 1.550 5,000,000.00 5,000,000.00 99.883000 4,994,150.00 -5,850.00 FHLB 2.5Yr 05/29/2020 1.613 10,000,000.00 9,950,500.00 99.610000 9,961,000.00 10,500.00 FHLB 2.58YrNc1MoB 06/29/2020 1.650 5,350,000.00 5,321,270.50 99.797000 5,339,139.50 17,869.00 FHLB 4.5 Yr 06/10/2022 2.125 7,975,000.00 7,955,620.75 100.870000 8,044,382.50 88,761.75 FHLB 3Yr 01/25/2021 2.200 15,000,000.00 14,994,900.00 100.462000 15,069,300.00 74,400.00 FHLB 3Yr 03/12/2021 2.375 10,000,000.00 9,968,000.00 100.766000 10,076,600.00 108,600.00 FHLB 3Yr 03/12/2021 2.375 10,000,000.00 9,966,500.00 100.766000 10,076,600.00 110,100.00 FHLB 4.08Yr 03/11/2022 2.500 10,000,000.00 9,954,700.00 101.817000 10,181,700.00 227,000.00 FHLB 2.83YrNc1.33YrE 01/29/2021 2.250 20,000,000.00 19,833,600.00 100.018000 20,003,600.00 170,000.00 FHLB 2.75YrNc1.25YrE 01/29/2021 2.250 10,000,000.00 9,928,600.00 100.018000 10,001,800.00 73,200.00 FHLB 4.9Yr 03/10/2023 2.125 11,750,000.00 11,432,397.50 101.149000 11,885,007.50 452,610.00 FHLB 3Yr 05/07/2021 2.700 7,650,000.00 7,644,492.00 101.591000 7,771,711.50 127,219.50 FHLB 3Yr 05/07/2021 2.700 10,000,000.00 9,999,100.00 101.591000 10,159,100.00 160,000.00 FHLB 4.17Yr 09/29/2022 1.650 15,730,000.00 14,940,354.00 99.519000 15,654,338.70 713,984.70 FHLB 4.9YrNc1Mo 07/28/2023 1.800 3,700,000.00 3,504,196.00 99.629000 3,686,273.00 182,077.00 1560: FNMA-STEP%-Q 30/360 3136G3DV4 3136G3PB5 1700: FHLB-DISC NOTE 3136G3SY2 3135G0T94 3135G0V42 3135G0U43 3134GAQV9 3134GBYN6 3134G92T3 3135G0T78 3134GBKC5 3134GBMP4 3135G0P49 3134GBTE2 1525: FNMA-Fxd-S 30/360 3136G3WC5 3134GAUA0 3136G0YK1 3135G0S46 3135G0UU5 3134GAQV9 3134GBGB2 3134GBHN5 3134GBSE3 3136G3BX2 313382AX1 3130ADG48 2.965 3.858 4.079 1.855 2.929 3.115 3.252 2.703 1.789 3.696 2.725 1.789 1.855 2.716 3.501 1.586 2.513 1.528 1.586 2.553 1.528 2.484 1.645 1.701 1.701 2.619 2.572 2.699 2.489 1.645 2.182 2.836 2.948 2.212 1.520 1.575 1.813 .902 .915 1.861 .984 1.000 1.550 .160 .162 1.640 1.530 1.562 2.570 .069 .071 1.400 2.030 2.077 1.375 2.030 2.077 1.197 1.375 1.382 1.405 1.750 .988 1.003 2.000 2.000 1.712 1.751 .693.682 .162 2.659 2.698 2.833 1.625 1.903 1.945 1.750 1.851 1.178 1.197 2.333 3.912 4.205 1.287 1.356 1.750 1.178 1.604 1.064 1.085 1.800 .566 1.913 .673 2.655 .159 .162 3.125 3.268 2.495 3.350 3.559 .685 2.322 1.911 .549 .562 1.091 .316 .318 .578 1.400 .160 1.400 .402 .405 1.050 .071 .071 1.125 .071 .071 1.000 .071 .071 1.000 .071 .071 1.350 1.019 1.038 1.250 .250 .252 1.500 .459 .463 1.720 2.019 2.076 2.732 2.919 3.077 2.953 2.940 3.077 2.100 2.937 3.077 2.846 2.962 3.924 4.1102.399 3.016 2.050 2.893 1.750 1.520 1.562 2.050 1.875 1.375 1.405 3.000 2.000 2.876 2.981 2.000 2.883 1.900 .882 .896 1.875 1.610 1.658 .813 .827 1.650 .815 .827 2.000 .882 .896 2.000 2.153 1.308 1.334 2.500 1.298 1.329 1.900 2.430 2.504 1.900 2.430 2.504 1.750 2.384 2.447 1.650 2.381 2.447 1.500 2.362 2.422 1.550 2.349 2.411 1.550 2.305 2.367 3134GATA2 1.500 2.273 2.329 3134GATB0 1.500 2.271 2.329 3134GASF2 3134GASF2 1.500 2.273 2.3293134GATA2 1.500 2.280 2.332 1.500 2.271 2.329 1.400 2.275 2.329 1.400 2.275 2.329 1.500 2.268 2.323 3134GAPA6 1.500 1.306 1.329 3134GAPM0 1.500 2.200 2.255 3134GAPM0 1.500 2.268 2.323 3134GANB6 1.500 2.197 2.2553134GAET7 3134GAKY9 1.450 2.198 2.255 1.500 2.103 2.153 3134GADP6 1.500 2.150 2.208 3134GAEG5 1.375 2.104 2.156 3134GAEB6 1.500 1.419 1.444 3134G96A0 1.500 2.100 2.156 3134G95W3 1.500 2.100 2.156 3134G9U47 1.500 1.094 1.115 3134G9T23 1.500 2.065 2.115 3134G9S57 3134G9R66 1.500 2.065 2.115 3136G3ZW8 3130AC3J1 3134GAYR9 3130ABY34 3134GBSD5 3134GBRW4 3136G3RL1 3134GBPJ5 3134G7S77 3134GBYK2 3134GARL0 3134GAYF5 3134GAYG3 3134GBTD4 3134GAA87 3134GAA87 3130A9M40 3130ADFW7 3130A0XD7 3134GBZQ8 3130A0XD7 313379Q69 3134GBWD0 3134GBWS7 3135G0M26 3135G0M26 3135G0R39 3136G3TG0 3136G3XT7 3136G3Y74 313384JQ3 3130ADG48 3130ACBD5 3130A8R54 3136G3A62 3136G3P25 1565: FNMA-STEP%-S 30/360 3136G4GU1 3135G0T60 3135G0A78 3136G3SG1 3130AE6U9 3130AE6U9 313378WG2 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 10108 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Yield To Mat Modified Duration Years To Maturity CUSIP Month End Portfolio Holdings FHLB 11MoB 09/26/2019 1.000 20,180,000.00 19,877,300.00 99.710000 20,121,478.00 244,178.00 FHLB 3YrNc1YrE 11/26/2021 3.125 10,000,000.00 9,992,900.00 100.402000 10,040,200.00 47,300.00 FHLB 4.5Yr 06/09/2023 2.050 10,000,000.00 9,540,100.00 100.001000 10,000,100.00 460,000.00 FHLB 1.75YrNc6MoB 12/11/2020 2.600 21,135,000.00 21,135,000.00 100.090000 21,154,021.50 19,021.50 FHLB 2YrNc6MoB 03/26/2021 2.650 10,000,000.00 10,000,000.00 100.145000 10,014,500.00 14,500.00 FHLB 1YrNc3MoB 04/03/2020 2.550 10,000,000.00 10,000,000.00 100.001000 10,000,100.00 100.00 FHLB 1YrNc3MoB 04/03/2020 2.550 10,000,000.00 10,000,000.00 100.001000 10,000,100.00 100.00 FHLB 1YrNc3MoB 04/03/2020 2.550 25,000,000.00 25,000,000.00 100.001000 25,000,250.00 250.00 FHLB 1YrNc3MoB 04/03/2020 2.550 10,000,000.00 10,000,000.00 100.001000 10,000,100.00 100.00 FHLB 1YrNc3MoB 04/03/2020 2.550 10,000,000.00 10,000,000.00 100.001000 10,000,100.00 100.00 FHLB 1YrNc3MoB 04/03/2020 2.550 10,000,000.00 10,000,000.00 100.001000 10,000,100.00 100.00 FHLB 1YrNc3MoB 04/03/2020 2.550 10,000,000.00 10,000,000.00 100.001000 10,000,100.00 100.00 FHLB 1YrNc3MoB 04/03/2020 2.550 10,000,000.00 10,000,000.00 100.001000 10,000,100.00 100.00 FHLB 11Mo 03/30/2020 2.375 47,210,000.00 47,186,395.00 100.290000 47,346,909.00 160,514.00 FHLB 2.91Yr 03/11/2022 2.500 30,000,000.00 30,158,100.00 101.817000 30,545,100.00 387,000.00 FHLB 2.5YrNc3MoB 11/09/2021 2.625 10,000,000.00 9,998,500.00 100.029000 10,002,900.00 4,400.00 FHLB 4Mo 09/23/2019 2.450 29,450,000.00 29,448,880.90 100.042000 29,462,369.00 13,488.10 FHLB 1YrNc3MoB 05/28/2020 2.510 15,000,000.00 15,000,000.00 100.078000 15,011,700.00 11,700.00 2.198 520,130,000.00 517,737,356.65 100.250434 521,432,580.20 3,695,223.55 FHLB 5YrNc3MoB 09/30/2021 1.750 15,000,000.00 15,000,000.00 99.912000 14,986,800.00 -13,200.00 FHLB 5YrNc3MoB 09/30/2021 1.750 15,000,000.00 15,000,000.00 99.906000 14,985,900.00 -14,100.00 FHLB 5YrNc6MoB 12/09/2021 1.600 10,000,000.00 10,000,000.00 99.682000 9,968,200.00 -31,800.00 FHLB 5YrNc6MoB 12/09/2021 1.600 10,000,000.00 10,000,000.00 99.682000 9,968,200.00 -31,800.00 FHLB 5YrNc1YrB 12/08/2021 1.700 15,000,000.00 15,000,000.00 99.959000 14,993,850.00 -6,150.00 FHLB 5YrNc6MoB 07/26/2022 2.000 15,000,000.00 15,000,000.00 100.011000 15,001,650.00 1,650.00 FHLB 5YrNc6MoB 02/09/2022 1.850 20,000,000.00 20,000,000.00 100.015000 20,003,000.00 3,000.00 FHLB 5YrNc3MoB 08/24/2022 2.000 10,000,000.00 10,000,000.00 100.002000 10,000,200.00 200.00 FHLB 5YrNc3MoB 08/24/2022 2.000 15,000,000.00 15,000,000.00 100.003000 15,000,450.00 450.00 FHLB 5YrNc3MoB 05/24/2022 2.000 20,000,000.00 20,000,000.00 100.039000 20,007,800.00 7,800.00 FHLB 3.4YrNc2MoB 11/08/2021 1.500 10,000,000.00 9,690,500.00 99.693000 9,969,300.00 278,800.00 FHLB 4.16YrNc2MoB 11/25/2022 1.750 5,100,000.00 4,967,400.00 99.670000 5,083,170.00 115,770.00 1.817 160,100,000.00 159,657,900.00 99.917876 159,968,520.00 310,620.00 FHLB 4Yr 09/22/2020 2.554 10,000,000.00 10,000,000.00 100.155000 10,015,500.00 15,500.00 FHLB 4Yr 09/22/2020 2.554 15,000,000.00 15,000,000.00 100.155000 15,023,250.00 23,250.00 FHLB 4Yr 09/28/2020 2.552 10,000,000.00 10,000,000.00 100.148000 10,014,800.00 14,800.00 FHLB 4Yr 09/28/2020 2.552 15,000,000.00 15,000,000.00 100.148000 15,022,200.00 22,200.00 2.553 50,000,000.00 50,000,000.00 100.151500 50,075,750.00 75,750.00 FHLB 3Yr 07/01/2020 2.717 25,000,000.00 25,000,000.00 100.230000 25,057,500.00 57,500.00 2.717 25,000,000.00 25,000,000.00 100.230000 25,057,500.00 57,500.00 FFCB DISC NTE 09/30/2019 2.570 75,000,000.00 73,511,541.67 99.454000 74,590,500.00 1,078,958.33 FFCB DISC NTE 09/19/2019 2.570 25,000,000.00 24,525,263.89 99.520000 24,880,000.00 354,736.11 FFCB DISC NTE 08/28/2019 2.440 24,000,000.00 23,736,480.00 99.644000 23,914,560.00 178,080.00 2.545 124,000,000.00 121,773,285.56 99.504081 123,385,060.00 1,611,774.44 FFCB 4YrNc1YrA 04/27/2020 1.420 7,700,000.00 7,700,000.00 99.546000 7,665,042.00 -34,958.00 FFCB 4YrNc1YrA 08/24/2020 1.320 10,000,000.00 10,000,000.00 99.286000 9,928,600.00 -71,400.00 FFCB 4YrNc1YrA 09/21/2020 1.350 10,000,000.00 10,000,000.00 99.156000 9,915,600.00 -84,400.00 FFCB 4YrNc1YrA 10/13/2020 1.340 15,000,000.00 15,000,000.00 99.369000 14,905,350.00 -94,650.00 FFCB 4YrNc3MoA 11/02/2020 1.380 10,000,000.00 10,000,000.00 99.035000 9,903,500.00 -96,500.00 FFCB 4YrNc1YrA 12/07/2020 1.770 10,000,000.00 10,000,000.00 99.905000 9,990,500.00 -9,500.00 FFCB 3YrNc1YrE 02/27/2020 1.710 10,000,000.00 10,000,000.00 99.823000 9,982,300.00 -17,700.00 FFCB 2.5Yr 01/17/2020 1.520 10,000,000.00 10,000,000.00 99.746000 9,974,600.00 -25,400.00 FFCB 3Yr 08/10/2020 1.550 5,000,000.00 5,000,000.00 99.464000 4,973,200.00 -26,800.00 FFCB 2Yr 08/28/2019 1.400 5,000,000.00 5,000,000.00 99.889000 4,994,450.00 -5,550.00 FFCB 2Yr 08/28/2019 1.400 10,000,000.00 9,998,000.00 99.889000 9,988,900.00 -9,100.00 FFCB 3Yr 03/20/2020 1.450 20,000,000.00 19,970,400.00 99.621000 19,924,200.00 -46,200.00 FFCB 3Yr 10/26/2020 1.750 20,000,000.00 19,994,000.00 99.796000 19,959,200.00 -34,800.00 FFCB 2Yr 11/06/2019 1.600 25,000,000.00 24,967,247.50 99.838000 24,959,500.00 -7,747.50 FFCB 4Yr 01/12/2022 2.200 10,000,000.00 9,938,000.00 100.979000 10,097,900.00 159,900.00 FFCB 3Yr 03/01/2021 2.500 10,000,000.00 9,999,700.00 101.130000 10,113,000.00 113,300.00 FFCB 2.8Yr 02/12/2021 2.350 15,000,000.00 14,948,670.00 100.647000 15,097,050.00 148,380.00 FFCB 5Yr 04/11/2023 2.700 10,000,000.00 9,990,300.00 102.917000 10,291,700.00 301,400.00 FFCB 3Yr 05/10/2021 2.700 10,000,000.00 9,986,600.00 101.668000 10,166,800.00 180,200.00 FFCB 4.5Yr 04/11/2023 2.400 5,000,000.00 4,839,900.00 100.002000 5,000,100.00 160,200.00 FFCB 5Yr 10/02/2023 3.050 10,000,000.00 9,979,300.00 104.530000 10,453,000.00 473,700.00 FFCB4 4YrNc1YrA 11/01/2022 3.330 5,000,000.00 5,000,000.00 100.404000 5,020,200.00 20,200.00 FFCB 4.4YrA 04/03/2023 2.280 21,000,000.00 20,237,490.00 100.002000 21,000,420.00 762,930.00 FFCB 2.9Yr 11/15/2021 3.050 10,000,000.00 10,035,700.00 102.877000 10,287,700.00 252,000.00 FFCB 4.2YrNc1WKA 03/01/2023 2.200 10,000,000.00 9,660,530.00 100.002000 10,000,200.00 339,670.00 FFCB 3.8YrNc1WKA 10/05/2022 2.050 10,000,000.00 9,640,870.00 100.001000 10,000,100.00 359,230.00 FFCB 1.5Yr 06/24/2020 2.750 10,000,000.00 9,999,000.00 100.639000 10,063,900.00 64,900.00 FFCB 1Yr 02/27/2020 2.520 10,000,000.00 9,996,600.00 100.346000 10,034,600.00 38,000.00 FFCB 4.75YrA 12/26/2023 2.830 20,000,000.00 20,000,000.00 100.127000 20,025,400.00 25,400.00 FFCB 4.75YrNc6MoA 12/26/2023 2.830 32,880,000.00 32,909,592.00 100.127000 32,921,757.60 12,165.60 FFCB 4.75YrNc6MoA 12/26/2023 2.830 38,000,000.00 38,035,112.00 100.127000 38,048,260.00 13,148.00 FFCB 4.75YrNc6MoA 12/26/2023 2.830 19,750,000.00 19,763,825.00 100.127000 19,775,082.50 11,257.50 FFCB 3.6YrNc2MoA 02/22/2023 2.590 10,000,000.00 10,000,000.00 100.014000 10,001,400.00 1,400.00 FFCB 3.5YrNc3MoA 12/05/2022 2.570 5,000,000.00 5,000,000.00 100.022000 5,001,100.00 1,100.00 FFCB 5YrNc2YrA 06/21/2024 2.220 10,000,000.00 10,000,000.00 100.179000 10,017,900.00 17,900.00 2.220 449,330,000.00 447,590,836.50 100.256496 450,482,512.10 2,891,675.60 FFCB 5Yr 10/10/2019 2.482 15,000,000.00 15,000,000.00 100.022000 15,003,300.00 3,300.00 FFCB 5Yr 10/10/2019 2.482 25,000,000.00 25,000,000.00 100.022000 25,005,500.00 5,500.00 FFCB 5Yr 10/10/2019 2.482 10,000,000.00 9,997,560.00 100.022000 10,002,200.00 4,640.00 FFCB 4Yr 04/01/2020 2.675 25,000,000.00 25,000,000.00 100.173000 25,043,250.00 43,250.00 FFCB 4Yr 04/13/2020 2.656 50,000,000.00 50,000,000.00 100.177000 50,088,500.00 88,500.00 FFCB 5Yr 05/25/2021 2.674 10,000,000.00 10,000,000.00 100.328000 10,032,800.00 32,800.00 FFCB 5Yr 05/25/2021 2.674 10,000,000.00 10,000,000.00 100.328000 10,032,800.00 32,800.00 FFCB 3Yr 10/11/2019 2.592 15,000,000.00 15,000,000.00 100.058000 15,008,700.00 8,700.00 FFCB 3Yr 10/24/2019 2.584 15,000,000.00 15,000,000.00 100.051000 15,007,650.00 7,650.00 FFCB 3Yr 11/14/2019 2.571 15,000,000.00 15,000,000.00 100.067000 15,010,050.00 10,050.00 FFCB 3Yr 11/14/2019 2.571 15,000,000.00 15,000,000.00 100.067000 15,010,050.00 10,050.00 FFCB 3.9Yr 01/18/2022 2.622 15,000,000.00 15,139,095.00 100.126000 15,018,900.00 -120,195.00 3133EHRK1 3133EHZN6 3133EHJ95 3133EHWN9 1930: FFCB-Var-M A/360 3130AA5Y0 1767: FHLB-Var-M A/360 1770: FHLB-Var-Q A/360 3130AC6H2 3130AFCU9 313378WG2 3130AG7E9 3130A9FU0 3130A8NF6 1900: FFCB-DISC NOTE 3133EDXQ0 313312MJ6 3133EHFD0 3133EHUL5 3133EGXX8 3133EGC94 3133EHAJ2 3133EH6X6 3130AA2T4 3133EKRP3 3133EDXQ0 3133EGF67 3130AG7E9 3130AFZ67 3133EGVK8 3130A9TV3 3133EF5D5 313312KZ2 1925: FFCB-Fxd-S 30/360 3133EGSA4 3130A9FM8 3130A9FR7 3130A9FR7 2.482 3.2583133EKPA8 3130AFY50 3133EHP98 4.213 .782 1.886 .277 2.656 2.556 2.571 .371 .375 2.571 2.252 2.486 1.904 .371 .375 2.592 .280 .282 2.584 .316 .318 2.674 .789 2.674 1.886 1.904 2.555 .277 .279 2.675 .749 .756 .279 3.436 2.220 4.683 4.981 2.482 .277 .279 2.326 2.403 2.537 4.493 2.815 4.213 4.493 2.590 3.519 3.652 4.4932.810 2.555 .644 .663 2.757 .963 2.830 4.213 4.493 3.268 2.922 2.268 .986 3.050 3.110 3.166 3.545 3.762 2.381 3.060 3.464 3.160 3.559 3.784 3.671 3.095 3.933 4.260 3.330 3.117 3.342 2.721 3.551 3.784 2.747 1.797 1.863 .353 2.501 1.613 1.671 2.474 1.563 1.625 .160 .162 1.760 1.298 1.326 2.365 2.424 2.540 1.667 .350 1.511 .713 .723 1.520 .539 .551 1.400 .160 .162 1.410 1.770 1.411 1.550 1.091 1.115 1.441 1.710 .649 .663 1.340 1.268 1.290 1.380 1.320 1.345 1.320 1.133 1.153 1.350 1.207 1.230 1.420 .816 .827 2.467 .158 .162 2.592 .222 .229 2.622 .245 .252 2.620 .216 .222 .991 1.0052.717 1.241 2.717 .991 1.005 2.553 1.228 1.233 2.552 1.237 1.249 2.552 1.237 1.249 2.554 1.220 2.683 2.554 1.220 1.233 1.906 2.593 2.806 2.901 2.579 2.295 2.362 2.436 3.290 3.408 2.000 3.018 3.153 2.000 3.018 3.153 2.000 2.941 3.074 1.850 2.521 2.616 2.000 1.600 2.383 2.447 1.700 2.377 2.444 2.197 2.255 1.750 2.197 2.255 1.600 2.383 2.447 1.356 .230 .233 2.631 .751 2.308 2.577 2.699 2.510 .894 .912 2.364 .762 2.550 .743 .762 .743 2.550 .762 2.550 .743 .762 .743 .762 .762 2.550 .743 2.550 2.550 .743 .762 2.600 1.416 1.452 .762 2.650 1.678 1.740 2.550 2.294 2.411 3.147 3.740 3.945 3.150 2.687 .238 .241 2.810 4.213 2.570 2.550 .743 .743 2.456 2.265 2.429 .735 2.371 1.307 1.750 3130ABZW9 3130AA2T4 3130ADUJ9 3130AC4T8 3130A9DH1 3133EGZS7 3130ABVZ6 3130AG7E9 3130AG7E9 3133EHWN9 3130AG7E9 3133EFE86 3133EGR49 3133EJT74 3133EKBU9 3133EKDY9 3133EKDY9 3130AGE68 3130AGC52 3130A9EP2 3130AG7E9 3130A8CK7 3130AG7E9 3130AG7E9 3133EKDY9 3133EHB85 3133EG4C6 3133EGF67 3133EF2Z9 3133EGYA7 3130A9DA6 3133EJEM7 3133EJKN8 313312LX6 3133EKDY9 3133EKMK9 3133EJCE7 3133EGCE3 3130AA5A2 3130ABQV1 3130AGHC2 1765: FHLB-STEP%-S 30/360 3133EJNS4 3133EJD48 3133EJP52 3133EFX44 3133EJ3L1 3133EGCE3 3133EDXQ0 3133EFT56 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 11109 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Yield To Mat Modified Duration Years To Maturity CUSIP Month End Portfolio Holdings FFCB 5Yr 02/21/2023 2.453 15,000,000.00 15,000,000.00 99.369000 14,905,350.00 -94,650.00 FFCB 3.5Yr 10/04/2021 2.456 15,000,000.00 15,000,000.00 100.000000 15,000,000.00 0.00 2.580 250,000,000.00 250,136,655.00 100.067620 250,169,050.00 32,395.00 FAMCA 2Yr 08/20/2019 1.440 5,000,000.00 4,999,800.00 99.889000 4,994,450.00 -5,350.00 FAMCA 2Yr 09/26/2019 1.420 10,000,000.00 10,000,000.00 99.839000 9,983,900.00 -16,100.00 FAMCA 2.08Yr 02/03/2020 1.970 15,000,000.00 15,000,000.00 99.765000 14,964,750.00 -35,250.00 FAMCA 1.58Yr 01/02/2020 2.530 20,000,000.00 20,000,000.00 100.070000 20,014,000.00 14,000.00 FAMCA 4.9Yr 06/30/2023 2.850 10,000,000.00 9,947,900.00 103.339000 10,333,900.00 386,000.00 FAMCA 2.91Yr 07/23/2021 2.840 10,000,000.00 9,993,300.00 101.437000 10,143,700.00 150,400.00 FAMCA 1.16Yr 03/16/2020 2.640 15,000,000.00 15,000,000.00 100.200000 15,030,000.00 30,000.00 FAMCA 1.08Yr 05/29/2020 2.430 25,000,000.00 25,000,000.00 100.104000 25,026,000.00 26,000.00 2.353 110,000,000.00 109,941,000.00 100.446091 110,490,700.00 549,700.00 FAMCA 2.5 Yr 06/02/2020 2.580 25,000,000.00 25,063,500.00 100.149000 25,037,250.00 -26,250.00 FAMCA 3Yr 04/23/2021 2.454 25,000,000.00 25,000,000.00 99.934000 24,983,500.00 -16,500.00 FAMCA 3Yr 05/10/2021 2.432 10,000,000.00 10,000,000.00 99.871000 9,987,100.00 -12,900.00 2.503 60,000,000.00 60,063,500.00 100.013083 60,007,850.00 -55,650.00 FAMCA 3Yr 07/26/2019 2.726 15,000,000.00 15,000,000.00 100.020000 15,003,000.00 3,000.00 2.726 15,000,000.00 15,000,000.00 100.020000 15,003,000.00 3,000.00 STATE OF CALIFORNIA 09/16/2019 2.350 12,675,000.00 12,675,000.00 100.008000 12,676,014.00 1,014.00 STATE OF CALIFORNIA 09/16/2019 2.350 10,750,000.00 10,750,000.00 100.008000 10,750,860.00 860.00 2.350 23,425,000.00 23,425,000.00 100.008000 23,426,874.00 1,874.00 TEXAS STATE 10/01/2019 1.497 5,000,000.00 5,000,000.00 99.839000 4,991,950.00 -8,050.00 HAWAII STATE 04/01/2020 1.660 5,055,000.00 5,055,000.00 99.594000 5,034,476.70 -20,523.30 RHODE ISLAND STATE 05/01/2020 1.625 2,660,000.00 2,670,719.80 99.369000 2,643,215.40 -27,504.40 GEORGIA STATE 07/01/2020 3.000 6,825,000.00 7,254,770.25 100.991000 6,892,635.75 -362,134.50 GEORGIA STATE 07/01/2019 3.000 6,580,000.00 6,943,874.00 100.000000 6,580,000.00 -363,874.00 HAWAII STATE 10/01/2019 1.151 2,250,000.00 2,253,262.50 99.747000 2,244,307.50 -8,955.00 HAWAII STATE 10/01/2020 1.370 2,250,000.00 2,254,320.00 99.026000 2,228,085.00 -26,235.00 WASHINGTON STATE 08/01/2019 1.500 8,745,000.00 8,738,703.60 99.950000 8,740,627.50 1,923.90 STATE OF CALIFORNIA 04/01/2021 2.625 14,400,000.00 14,688,720.00 101.261000 14,581,584.00 -107,136.00 ALAMEDA COUNTY G.O.08/01/2020 2.562 17,600,000.00 17,600,000.00 100.538000 17,694,688.00 94,688.00 RHODE ISLAND ST & PROV PLANT 04/01/2020 2.750 3,065,000.00 3,082,378.55 100.433000 3,078,271.45 -4,107.10 RHODE ISLAND ST & PROV PLANT 04/01/2021 2.750 3,150,000.00 3,167,766.00 101.458000 3,195,927.00 28,161.00 STATE OF CALIFORNIA 04/01/2021 2.800 16,000,000.00 16,000,640.00 101.561000 16,249,760.00 249,120.00 STATE OF CALIFORNIA 04/01/2021 2.625 1,795,000.00 1,784,301.80 101.261000 1,817,634.95 33,333.15 STATE OF CALIFORNIA 04/01/2022 2.367 1,500,000.00 1,468,800.00 101.156000 1,517,340.00 48,540.00 CITY OF LOS ANGELES 09/01/2021 4.000 8,915,000.00 9,200,993.20 103.889000 9,261,704.35 60,711.15 WASHINGTON STATE 08/01/2019 2.630 10,085,000.00 10,085,000.00 100.040000 10,089,034.00 4,034.00 STATE OF CALIFORNIA 04/01/2022 2.367 17,695,000.00 17,256,340.95 101.156000 17,899,554.20 643,213.25 STATE OF CALIFORNIA 04/01/2022 2.367 25,000,000.00 24,275,250.00 101.156000 25,289,000.00 1,013,750.00 STATE OF CALIFORNIA 04/01/2021 2.800 10,825,000.00 10,852,170.75 101.561000 10,993,978.25 141,807.50 STATE OF HAWAII 01/01/2021 3.250 12,745,000.00 12,864,165.75 101.706000 12,962,429.70 98,263.95 STATE OF HAWAII 01/01/2022 2.770 3,500,000.00 3,500,000.00 101.580000 3,555,300.00 55,300.00 STATE OF HAWAII 01/01/2020 2.650 7,500,000.00 7,500,000.00 100.205000 7,515,375.00 15,375.00 STATE OF CALIFORNIA 04/01/2020 1.800 14,830,000.00 14,729,897.50 99.896000 14,814,576.80 84,679.30 GAVILAN CMNTY CLG GO 08/01/2020 2.470 1,650,000.00 1,650,000.00 100.515000 1,658,497.50 8,497.50 2.517 209,620,000.00 209,877,074.65 100.911150 211,529,953.05 1,652,878.40 DEXIA (GUARANTEE)07/05/2019 2.790 50,000,000.00 49,066,125.00 99.973556 49,986,778.00 920,653.00 NATL SEC CLEARING CORP 09/06/2019 2.950 25,000,000.00 24,450,972.22 99.555194 24,888,798.50 437,826.28 APPLE 07/18/2019 2.560 50,000,000.00 49,523,555.56 99.887611 49,943,805.50 420,249.94 APPLE 08/07/2019 2.570 35,000,000.00 34,620,211.11 99.755389 34,914,386.15 294,175.04 CHEVRON 11/08/2019 2.440 100,000,000.00 98,468,222.22 99.136944 99,136,944.00 668,721.78 APPLE 09/30/2019 2.520 90,000,000.00 88,828,200.00 99.400917 89,460,825.30 632,625.30 APPLE 11/06/2019 2.510 25,000,000.00 24,620,013.89 99.150222 24,787,555.50 167,541.61 EXXON MOBIL 07/16/2019 2.490 35,000,000.00 34,748,233.33 99.900833 34,965,291.55 217,058.22 EXXON MOBIL 07/08/2019 2.480 35,000,000.00 34,783,000.00 99.953722 34,983,802.70 200,802.70 CHEVRON 07/08/2019 2.440 30,000,000.00 29,819,033.33 99.953722 29,986,116.60 167,083.27 APPLE 07/23/2019 2.480 30,000,000.00 29,785,066.67 99.854556 29,956,366.80 171,300.13 NATL SEC CLEARING CORP 07/09/2019 2.480 21,350,000.00 21,224,983.89 99.947111 21,338,708.20 113,724.31 NATL SEC CLEARING CORP 07/19/2019 2.490 25,000,000.00 24,837,458.33 99.881000 24,970,250.00 132,791.67 NATL SEC CLEARING CORP 08/01/2019 2.470 25,000,000.00 24,840,479.17 99.795056 24,948,764.00 108,284.83 NATL SEC CLEARING CORP 07/31/2019 2.470 50,000,000.00 49,684,388.89 99.801667 49,900,833.50 216,444.61 NATL SEC CLEARING CORP 08/14/2019 2.450 40,000,000.00 39,765,888.80 99.709111 39,883,644.40 117,755.60 APPLE 01/15/2020 2.430 30,000,000.00 29,518,050.00 98.696500 29,608,950.00 90,900.00 CHEVRON 08/14/2019 2.400 40,000,000.00 39,792,000.00 99.709111 39,883,644.40 91,644.40 EXXON MOBIL 08/28/2019 2.370 32,340,000.00 32,165,417.90 99.616556 32,215,994.21 50,576.31 EXXON MOBIL 09/30/2019 2.340 40,000,000.00 39,701,000.00 99.400917 39,760,366.80 59,366.80 NATL SEC CLEARING CORP 07/30/2019 2.390 40,000,000.00 39,853,944.44 99.808278 39,923,311.20 69,366.76 EXXON MOBIL 08/14/2019 2.320 50,000,000.00 49,819,555.56 99.709111 49,854,555.50 34,999.94 CHEVRON 08/30/2019 2.260 25,000,000.00 24,896,416.67 99.601667 24,900,416.75 4,000.08 2.481 923,690,000.00 914,812,216.98 99.622179 920,200,109.56 5,387,892.58 MICROSOFT CORP 02/06/2020 1.850 6,350,000.00 6,297,739.50 99.786000 6,336,411.00 38,671.50 MICROSOFT CORP 02/06/2020 1.850 6,000,000.00 5,951,100.00 99.786000 5,987,160.00 36,060.00 MICROSOFT CORP 11/03/2020 2.000 25,000,000.00 24,649,750.00 99.960000 24,990,000.00 340,250.00 MICROSOFT CORP 02/06/2020 1.850 3,000,000.00 2,971,440.00 99.786000 2,993,580.00 22,140.00 MICROSOFT CORP 02/06/2020 1.850 4,097,000.00 4,057,013.28 99.786000 4,088,232.42 31,219.14 MICROSOFT CORP 02/06/2020 1.850 8,000,000.00 7,920,160.00 99.786000 7,982,880.00 62,720.00 MICROSOFT CORP 08/08/2019 1.100 10,000,000.00 9,835,600.00 99.881000 9,988,100.00 152,500.00 MICROSOFT CORP 02/06/2020 1.850 16,000,000.00 15,832,480.00 99.786000 15,965,760.00 133,280.00 JOHNSON & JOHNSON 03/01/2021 1.650 12,000,000.00 11,663,160.00 99.423000 11,930,760.00 267,600.00 MICROSOFT CORP 02/06/2020 1.850 10,000,000.00 9,887,000.00 99.786000 9,978,600.00 91,600.00 JOHNSON & JOHNSON 03/01/2021 1.650 12,969,000.00 12,617,410.41 99.423000 12,894,168.87 276,758.46 MICROSOFT CORP 08/08/2019 1.100 14,772,000.00 14,527,818.84 99.881000 14,754,421.32 226,602.48 MICROSOFT CORP 08/08/2019 1.100 20,000,000.00 19,697,600.00 99.881000 19,976,200.00 278,600.00 MICROSOFT CORP 02/12/2020 1.850 16,880,000.00 16,654,820.80 99.804000 16,846,915.20 192,094.40 MICROSOFT CORP 08/08/2019 1.100 10,154,000.00 10,001,690.00 99.881000 10,141,916.74 140,226.74 APPLE 08/02/2019 1.100 12,500,000.00 12,339,000.00 99.900000 12,487,500.00 148,500.00 MICROSOFT CORP 08/08/2019 1.100 4,982,000.00 4,916,735.80 99.881000 4,976,071.42 59,335.62 WALMART 10/09/2019 1.750 25,000,000.00 24,752,750.00 99.830000 24,957,500.00 204,750.00 WALMART 10/09/2019 1.750 22,029,000.00 21,812,234.64 99.830000 21,991,550.70 179,316.06 APPLE 09/12/2019 1.500 12,803,000.00 12,662,038.97 99.822000 12,780,210.66 118,171.69 76222RWU2 13063DGA0 419792NF9 03785DAF3 3130: CORP-Fxd-S 30/360 1965: FMAC-Var-M A/360 3132X0EV9 3132X0WY3 3132X0C74 3132X04F5 31422BBR0 594918BN3 30229BWW3 478160BS2 63763QV12 63763QUX3 63763QUK1 594918BV5 594918BV5 594918BN3 2301: MUNIS CP-Mat A/365-6 2350: MUNIS-S 30/360 03785EUP7 63763QU96 3733845L6 3733845K8 13063DAC2 010878AL0 2.399 2.543 1.310 931142DY6 16677KVW0 63763QUW5 3020: COMMERCIAL PAPER 63763QVE4 419792YJ9 3132X0WK3 16677KVE0 30229BVE4 13063DGA0 13063DAD0 13063DAD0 544351MM8 3133EJDG1 13068CDR3 1975: FMAC-Var-Q A/360 3132X03B5 882723A33 76222RUM2 594918BN3 13063DAD0 03785EV76 93974DV39 2.726 .273 .107 .604 .622 .273 2.568 2.373 .107 .605 .105 .605 2.400 .605 1.623 .605 .167 .277 .105 .107 2.570 .089 .090 2.824 .277 .605 1.348 .605 .605 2.328 2.273 2.506 .123 .155 .163 2.770 .253 1.319 2.269 1.110 1.968 .159 .071 1.520 .212 2.864 .974 .214 1.370 2.562 1.054 1.090 2.011 1.697 .212 .088 1.756 .087 .255 1.258 1.101 1.234 .003 .003 1.541 1.497 .253 .255 1.005 1.660 .756 .838.826 .742 .214 .071 2.350 .212 .214 2.350 2.350 2.396 1.425 1.452 2.726 .071 .071 2.454 1.778 1.816 2.432 1.823 1.863 2.323 .914 .926 2.430 .897 .915 2.368 1.025 1.070 2.066 2.640 .695 .712 .597 2.530 .493 .510 2.964 3.753 4.003 .139 .140 1.420 .239 .241 1.442 .5811.970 1.030 2.456 2.206 2.266 2.561 1.010 2.453 3.523 3.649 2.850 1.690 1.688 .737 2.551 1.691 2.799 1.756 2.451 .756 1.756 2.624 2.756 .088 2.756 1.756 2.175 2.378 2.510 1.510 3.290 2.960 2.627 .086 2.7562.622 2.680 1.689 1.756 2.733 1.442 2.630 2.919 2.045 3.120 1.474 2.650 .492 .507 2.501 .739 .756 2.843 .013 .014 2.470 1.055 1.090 2.503 1.412 .181 .186 2.585 .048 .049 2.598 .101 .104 2.478 .350 .359 2.498 2.553 .246 .252 2.549 .344 .353 .043 .044 2.495 .021 .022 2.455 .021 .022 .123 .162 2.358 .246 .252 .061 .063 .088 2.486 .083 .123 2.470 .532 2.464 .052 .085 2.413 .545 .025 2.506 .080 .082 2.486 .120 .085 2.495 .589 2.277 2.508 3.016 .024 2.383 .158 .589 .120 30229BVU8 93974D5L8 13063DAC2 25214PMS9 419792YK6 .051 3132X0AT8 03785EY65 2.288 .106 .107 .107 .106 1.6232.625 1.671 1.671 .120 .105 594918BN3 3132X02Y6 419792YL4 594918BV5 2.481 594918BV5 76222RWT5 16677KU84 594918BV5 594918BN3 2.469 2.354 2.646 .588 .588 2.414 .588 .588 2.388 .588 2.838 2.691 2.494 037833CB4 594918AY0 2.823 .200 .203 419792JH0 419792NE2 478160BS2 594918BV5 3132X0S77 3132X0U90 13068BEE3 30229BU88 931142DY6 037833CZ1 03785EUJ1 1950: FMAC-Fxd-S 30/360 30229BUG0 31422BEP1 3133EJJE0 13063CSQ4 368079HQ5 63763QW60 16677KY80 03785EWW0 594918BV5 594918BG8 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 12110 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Yield To Mat Modified Duration Years To Maturity CUSIP Month End Portfolio Holdings JOHNSON & JOHNSON 03/01/2021 1.650 10,295,000.00 9,955,059.10 99.423000 10,235,597.85 280,538.75 MICROSOFT CORP 11/03/2020 2.000 10,100,000.00 9,929,411.00 99.960000 10,095,960.00 166,549.00 MICROSOFT CORP 08/08/2019 1.100 20,000,000.00 19,909,400.00 99.881000 19,976,200.00 66,800.00 1.576 292,931,000.00 288,841,412.34 99.803604 292,355,696.18 3,514,283.84 TORONTO DOMINION 08/16/2019 3.000 35,000,000.00 35,000,000.00 100.000000 35,000,000.00 0.00 3.000 35,000,000.00 35,000,000.00 100.000000 35,000,000.00 0.00 2.132 6,842,410,944.14 6,811,213,591.28 99.947407 6,838,812,308.82 27,598,717.54 2.132 6,842,410,944.14 6,811,213,591.28 99.947407 6,838,812,308.82 27,598,717.54Grand Total 594918BN3 4500: NCD-Mat A/360 1.619 .125 .105 1.016 1.057 .579 2.320 1.016 1.057 3.000 .595 .129 2.320 1.348 3.149 2.912 1.308 2.598 Total Fund 478160BS2 594918BG8 .129 2.512 1.671 .107 3.000 .12589114MMK0 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 13111 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR The Mission Inn, Downtown Riverside. Digital Image. The Mission Inn. http://www.missioninn.com/about-en.html. 112 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR CAPITAL MARKETS COUNTY ADMINISTRATIVE CENTER 4080 LEMON STREET, 4TH FLOOR, RIVERSIDE, CA 92502-2205 WWW.COUNTYTREASURER.ORG 113 AGENDA ITEM 8 Agenda Item 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: September 23, 2019 TO: Budget and Implementation Committee FROM: Jillian Guizado, Planning and Programming Manager THROUGH: Aaron Hake, External Affairs Director SUBJECT: State and Federal Legislative Update STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file an update on state and federal legislation; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: State Update On September 13, 2019, the first year of the current two-year session of the California State Legislature came to an end. Bills that have been passed by the Legislature are now on Governor Newsom’s desk for consideration of passage or veto. Annually, the Commission adopts a State and Federal Legislative Platform, which guides the policy actions staff ultimately recommends the Commission take throughout the year. Attachment 1 is this year’s legislative matrix, which identifies each of the bills upon which the Commission has taken a position in the current session. Customarily the legislative matrix is provided in black and white with each monthly Committee and Commission legislative update agenda item. With this being the end of the legislative year in California, the matrix attached to this report is color-coded to represent whether the outcome of each bill is positive, neutral, or negative with respect to the Commission’s official position on the bill. The status of some bills will change after publication of this report and before the Committee meets. Staff will provide a verbal update at the Committee meeting. Federal Update Congress reconvened from summer recess on September 9, 2019 and is scheduled to remain in session until mid-December. Unless Congress acts quickly, transportation funds will run out after September 30, 2019. Staff will report on the latest status of transportation appropriations in Federal Fiscal Year 2019/2020 at the Committee meeting. Attachment: Legislative Matrix – October 2019 114 RIVERSIDE COUNTY TRANSPORTATION COMMISSION - POSITIONS ON STATE AND FEDERAL LEGISLATION – OCTOBER 2019 Legislation/ Author Description Bill Status Position Date of Board Adoption AB 252 (Daly, Frazier) Removes the sunset date from the NEPA Reciprocity program. Signed by Governor Newsom. (July 31, 2019) SUPPORT 3/13/19 AB 1402 (Petrie-Norris) Makes substantive changes to the Active Transportation Program administered by the State, allocating 75% of funds to be distributed by large MPOs. Referred to Committee on Transportation. (March 27, 2019) SUPPORT 4/1/19 SB 152 (Beall) Makes substantive changes to the Active Transportation Program administered by the State, allocating 75% of funds to be distributed by large MPOs. Held in Senate Appropriations Committee under submission. (May 16, 2019) SUPPORT 4/1/19 AB 626 (Quirk-Silva) Seeks to dictate that professionals who provide professional services on one phase of a project be deemed not to have a conflict of interest in subsequent project phases, disregarding the Commission’s adopted Procurement Policy. Ordered to inactive file at request of member. (May 30, 2019) OPPOSE UNLESS AMENDED 4/10/19 AB 456 (Chiu, Bonta, Low) Removes the January 1, 2020 sunset provision on claims resolution processes. Ordered to engrossing and enrolling. (September 9, 2019) OPPOSE 5/8/19 SB 498 (Hurtado) Takes funds dedicated in the Trade Corridors Improvement Fund and repurposes them for a new short-line railroad project grant program. Referred to Assembly Transportation Committee. (June 6, 2019) OPPOSE Staff action based on platform 5/30/19 SR 742 (Allen) Authorizes existing state funds for Amtrak to be used on intercity passenger bus transportation, regardless of whether the passenger is connecting to or from intercity rail service. Ordered to engrossing and enrolling. (May 30, 2019) SUPPORT 6/12/19 AB 1149 (Fong) Eliminates the ability of petitioners to opt to prepare the record of proceedings and would place that responsibility solely on the lead agency. Re-referred to Assembly Natural Resources. (April 24, 2019) SUPPORT 6/12/19 SB 664 (Allen) Revises existing statute in the Streets and Highways Code and the Vehicle Code to allow for improved operations of toll facilities in California. Referred to Assembly Appropriations. (August 13, 2019) SUPPORT Staff action based on platform 6/17/19 115 Legislation/ Author Description Bill Status Position Date of Board Adoption SB 277 (Beall) Changes the SB 1-created Local Partnership Program to be administered at 85% formula, rather than 50% formula as is currently in adopted guidelines. Ordered to engrossing and enrolling. (August 14, 2019) SUPPORT Staff action based on platform 7/1/19 HR 2939 (Napolitano) Protects state and local general sales tax revenues from being directed to airports. Introduced. (May 23, 2019) SUPPORT 7/10/19 Legend: Positive Neutral Negative 116 AGENDA ITEM 9 Agenda Item 9 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: September 23, 2019 TO: Budget and Implementation Committee FROM: Shirley Medina, Planning and Programming Director THROUGH: John Standiford, Deputy Executive Director SUBJECT: 2020 State Transportation Improvement Program Adopted Fund Estimate and Project Recommendations STAFF RECOMMENDATION: This item is for the Committee to: 1) Approve programming $16,376,513 of 2020 State Transportation Improvement Program (STIP) Western Riverside County and Palo Verde Valley funding capacity and $50 million made available from the STIP AB 3090 replacement placeholder for a total of $66,376,513 to the State Route 71/State Route 91 (71/91) Direct Connector project, and forward to the California Transportation Commission (CTC); 2) Include programming $4,472,007 of 2020 STIP Coachella Valley funding capacity based on the project recommendation by the Coachella Valley Association of Governments (CVAG) and forward to the CTC; 3) Include programming Planning, Programming, and Monitoring (PPM) funds (2 percent of STIP programming capacity) in the amount of $425,480 in Fiscal Year 2022/23; 4) Submit the 2020 STIP submittal to CTC by the statutory deadline of December 15, 2019; 5) Forward the Riverside County 2020 STIP project recommendations to the Southern California Association of Governments (SCAG) to conduct regional performance measures analysis as required by the CTC STIP guidelines; 6) Approve Agreement No. 07-71-028-03, Amendment No. 3 to Agreement No. 07-71-028-00, with the city of Blythe (Blythe) to trade $89,649 of Palo Verde Valley STIP funds with Measure A Western Riverside County Highway funds to facilitate delivery of local arterial projects; 7) Authorize the Executive Director, pursuant to legal counsel review, to execute Agreement No. 07-71-028-03 on behalf of the Commission upon CTC adoption of the 2020 STIP in March 2020; 8) Authorize the Executive Director to seek and pursue competitive funding opportunities for the 71/91 Interchange project; and 9) Forward to the Commission for final action. 118 Agenda Item 9 BACKGROUND INFORMATION: At its July 2019 Commission meeting, the adjustment to the funding formula for the three geographic areas was approved, per the STIP Intracounty Memorandum of Understanding (MOU) with Western Riverside Council of Governments (WRCOG) and CVAG. Staff also presented an outline of the process for developing the 2020 STIP and reported that the draft Fund Estimate (FE) indicated Riverside County’s Target Share for programming was $10.22 million. Subsequently, the STIP Final FE, which was adopted at the August 14, 2019 CTC meeting, was revised to reflect Riverside County’s share target at $21.274 million. The STIP is primarily funded with revenues derived from the state and federal gasoline excise tax. With the recent passage of Senate Bill 1, an additional $100 million per year is included in the STIP statewide. Although this amount is beneficial, the more significant benefit from SB 1 is in stabilizing revenues, which becomes effective this fiscal year. CTC staff is referring to the 2020 STIP as a “transition” STIP as the benefits of SB 1 will be reflected in future STIPs. The 2020 STIP is lower than originally anticipated due to the following:  Declining fuel consumption  2018 STIP was overprogrammed (excise tax rate was assumed at a higher level)  2018 STIP projects were advanced from later years to early years (for projects funded with STIP and SB 1 competitive programs projects) The CTC expects STIP revenues to increase starting with the 2022 STIP cycle, but not substantially due to continued fuel efficiencies and declines in gasoline and diesel consumption. Riverside County 2020 STIP Target Share The 2020 STIP funding distribution for the three geographic areas is included in the table below based on the funding distribution approved at its July 2019 Commission meeting. 2020 STIP Fund Estimate for Riverside County Target Share Total Riverside County Share $21,274,000 Less: 2% Planning, Programming and Monitoring (PPM) 425,480 Total New Project Programming 20,848,520 Western County 78.12% 16,286,864 Coachella Valley 21.45% 4,472,007 Palo Verde Valley 00.43% 89,649 Per an MOU between the Commission and Blythe, Palo Verde Valley STIP funds have been traded with Measure A Western Riverside County highway funds to facilitate delivery of local arterial 119 Agenda Item 9 projects in the Palo Verde Valley. Given Blythe’s small staff, lower STIP funding levels, and focus on local arterials, it is more efficient to provide local funding to ensure project delivery and a less cumbersome allocation process. Upon CTC adoption of the 2020 STIP, staff recommends amending the STIP MOU with Blythe trading $89,649 of STIP funds with Measure A Western Riverside County highway funds. Blythe will also be required to amend its Measure A Capital Improvement Program to include the STIP trade funds and associated project(s). As a result, project recommendations for 2020 STIP Western Riverside County total $16,376,513. CTC Programming Requirements The 2020 STIP covers a five-year period from FYs 2020/21 – 2024/25. CTC staff reported that new programming capacity is mostly available in the last two years of the 2020 STIP cycle (FY’s 2023/24 and 2024/25). A few notable items for programming STIP projects are:  Projects cannot be programmed prior to FY 2022/23 without pushing back projects currently programmed in the first three years.  Projects must have a completed project study report (PSR) or PSR Equivalent.  Projects requesting over $15 million in STIP funds must provide additional analysis (e.g. Benefit/Cost (B/C) and air quality analyses).  Project phases must be fully funded. 2020 STIP Programming Recommendation: Western Riverside County In addition to the $16,376,513 of 2020 STIP funds available for Western Riverside County, $50 million is also available from an AB 3090 replacement project approved by the CTC in early 2019. Through the 2018 STIP cycle, the I-15 Express Lanes Southern Extension project was proposed for programming in FY 2019/20; however, CTC staff programmed it in FY 2022/23. Rather than delay environmental work, the Commission took action to commence with the environmental phase and processed an AB 3090 agreement with CTC resulting in a $50 million placeholder in the STIP in FY 2022/23. Therefore, a total of $66,376,513 is available for programming in Western Riverside County. Staff recommends programming the $66,376,513 on the 71/91 Interchange project for construction. This project is a high priority project included in the 2019-2029 Western Riverside County Delivery, which was approved by the Commission in July 2019. It also has a completed PSR, environmental document, and B/C and air quality analysis. Such programming will enable the Commission to move this project forward. Although fully funded through Commission-controlled revenues, it is proposed that opportunities to compete or obtain other state or federal funds should continue to be pursued for the 71/91 Interchange project. Receipt of competitive funds could allow Commission revenues to be 120 Agenda Item 9 reallocated to other priority projects. Pursuit of competitive funds will depend on whether or not success is likely based on program guidelines and on other Riverside County candidate projects. Accordingly, staff recommends that the Commission authorize the Executive Director to seek and pursue competitive funding opportunities for the 71/91 Interchange project. 2020 STIP Programming Recommendation: Coachella Valley As previously stated, CVAG is responsible for STIP programming actions for the Coachella Valley per the STIP Intracounty MOU. CVAG has indicated it plans to present STIP project recommendations for approval at its September 2019 Executive Committee meeting. Commission staff will include the recommended project(s) in this agenda item for the October Commission meeting and will forward project information to SCAG for the regional performance measures analysis. 2020 STIP PPM Programming PPM in the amount of $425,480 will be programmed in FY 2022/23. Commission staff will coordinate with CVAG on the use of PPM for planning, programming and monitoring activities. 2020 STIP Submittal The 2020 STIP submittal is statutorily due to the CTC by December 15, 2019. The submittal requires various forms and reports that will involve input from Caltrans, project sponsors and consultants, and SCAG. The proposed STIP projects will need to be submitted to SCAG by the end of September to give SCAG sufficient time to conduct the required regional performance measures analysis to meet the submittal deadline. STIP funding for Commission projects and PPM will be included in future budgets based on the CTC’s STIP adoption in March 2020. STIP funding for CVAG projects will not pass through the Commission but will be received directly by CVAG. Financial Information In Fiscal Year Budget: N/A Year: FY 2022/23 Amount: $66,376,513 Source of Funds: 2020 STIP Budget Adjustment: N/A GL/Project Accounting No.: 652040 6XXXX 106 65 6XXXX $425,480 (PPM) 003021 81301 262 31 81301 $66,376,513 (71/91 Interchange) Fiscal Procedures Approved: Date: 09/16/2019 121 2020 State Transportation Improvement Program Western Riverside County Project Recommendations Prepared by Shirley Medina Planning and Programming Director 2020 STIP 2020 STIP Adoption -March 25, 2020 CTC meeting Statewide New Programming Capacity -$407 Million Riverside County New Programming Capacity -$21.274 Million Lower STIP Fund Estimate: SB 1 increased the incremental excise tax to 17.8 cents per gallon with annual adjustments for inflation beginning in FY 20/21, which will stabilize revenues in future STIP cycles. Fuel Efficiencies Over programming and project advancements in 2018 STIP Past STIP Cycles STIP Cycle Riverside Target Share (in Millions) 2008 $ 0 2010 $ 0 2012 $ 90 2014 $ 67 2016 $ (32) 2018 $105 2020 $ 21 2020 STIP Fund Estimate for Riverside County STIP Intracounty Formula Distribution Target Share Total Riverside County Share $21,274,000 Less: 2% Planning, Programming & Monitoring (PPM)425,480 Total New Project Programming $20,848,520 Western County 78.12%16,286,864 Coachella Valley 21.45%4,472,007 Palo Verde Valley 00.43%89,649 2020 STIP Programming Western County Project Recommendation : 71/91 Interchange, $66,376,513. •Palo Verde Valley STIP trade approved at July Commission meeting, $89,649 included in above total for Western County. •Western Riverside County Share $16,286,864 •$50 Million from AB 3090 Replacement (previously on I-15 Express Lanes South) •71/91 IC is high priority in the 2019-29 Delivery Plan •71/91 IC has approved:PSR,B/C analysis,environmental document,design •Construction funding complete with other fund sources and/or competitive programs 2020 STIP Programming Coachella Valley Recommendation -$ 4,472,007 CVAG Executive Committee project(s) recommendation end of September 2 percent PPM –$425,480 Proposed programming in FY 22/23 2018 STIP Carryover Project: I-15 French Valley IC,$47,600 programmed in FY 20/21 Next Steps CTC 2020 STIP Adoption March 25, 2020 STIP Submittal Due Date December 15, 2019 County’s Submit Proposed STIP Projects to SCAG September 27, 2019 (Regional Performance Measures Analysis) Tara Byerly From: Tara Byerly Sent: Tuesday, September 17, 2019 11:05 AM To: Tara Byerly Cc: Lisa Mobley; Anne Mayer; JOHN STANDIFORD Subject: RCTC: Budget and Implementation Committee Agenda - September 23, 2019 Good morning Budget and Implementation Committee Members, Attached is the link to the Budget and Implementation Committee Agenda for the meeting scheduled @ 9:30 a.m. on Monday, September 23. https://www.rctc.org/wp-content/uploads/2019/09/September-Budget-and-Implementation-Committee-Agenda.pdf Please let me know if you have any questions. Thank you. Respectfully, Tara Byerly Deputy Clerk of the Board Riverside County Transportation Commission 951.787.7141 VA I951.787.7906 4080 Lemon St. 3rd FI. I P.O. Box 12008 Riverside, CA 92502 rctc.org f V in B RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE ROLL CALL SEPTEMBER 23, 2019 Present Absent County of Riverside, District II in 0 County of Riverside, District III 0 0 City of Beaumont 0 City of Calimesa ® 0 City of Canyon Lake 21 0 City of Cathedral City 0 0 City of Coachella 0 .10 City of Desert Hot Springs gt 0 City of Hemet 71 0 City of Lake Elsinore La 0 City of Palm Springs 0 21 City of Riverside 0 0 City of Temecula 0 71 RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE SIGN -IN SHEET SEPTEMBER 23, 2019 NAME < < AGEN 4EMAIL ADDRESS 1,5 Fc •„4. 1,7,/ / • 1 iz; ,,,_ // (,-/-»47 err z: A I -► - ro,, L --1: ,--5 Cv A - j � ! 6 S a- � /� /r'oiT ��JB7� Y __ cT /�47— SP2i> : - MO Vr i77i l,t4 °T \R��4VQI �v 5 \ c', r