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Home My Public Portal About11 November 28, 2022 Budget & Implementation MEETING AGENDA Budget and Implementation Committee Time: 9:30 a.m. Date: November 28, 2022 Location: This meeting is being conducted virtually in accordance with AB 361 due to state or local officials recommending measures to promote social distancing. COMMITTEE MEMBERS Raymond Gregory, Chair / Mark Carnevale, City of Cathedral City Jeremy Smith, Vice Chair / To Be Appointed, City of Canyon Lake Mary Hamlin / Alberto Sanchez, City of Banning Lloyd White / David Fenn, City of Beaumont Linda Molina / Wendy Hewitt, City of Calimesa Steven Hernandez / Denise Delgado, City of Coachella Scott Matas / Russell Betts, City of Desert Hot Springs Bob Magee / Natasha Johnson, City of Lake Elsinore Lisa DeForest / Cindy Warren, City of Murrieta Jan Harnik / Kathleen Kelly, City of Palm Desert Lisa Middleton / Dennis Woods, City of Palm Springs Chuck Conder / Patricia Lock Dawson, City of Riverside Michael Heath / Alonso Ledezma, City of San Jacinto Ben J. Benoit / Joseph Morabito, City of Wildomar Chuck Washington, County of Riverside, District III STAFF Anne Mayer, Executive Director Aaron Hake, Deputy Executive Director 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, November 28, 2022 This meeting is being conducted virtually in accordance with AB 361 due to state or local officials recommending measures to promote social distancing. INSTRUCTIONS FOR ELECTRONIC PARTICIPATION Join Zoom Meeting https://rctc.zoom.us/j/82329929467 Meeting ID: 823 2992 9467 One tap mobile +16699006833,,82329929467# US (San Jose) +16694449171,,82329929467# US Dial by your location +1 669 900 6833 US (San Jose) For members of the public wishing to submit comment in connection with the Budget and Implementation Committee Meeting please email written comments to the Clerk of the Board at lmobley@rctc.org and your comments will be made part of the official record of the proceedings as long as the comment is received before the end of the meeting’s public comment period. Members of the public may also make public comments through their telephone or Zoom connection when recognized by the Chair. 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 on the Commission’s website, www.rctc.org. In compliance with the Americans with Disabilities Act, Government Code Section 54954.2, Executive Order N-29-20, 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 Committee 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 Budget and Implementation Committee November 28, 2022 Page 2 2. ROLL CALL 3. PLEDGE OF ALLEGIANCE 4. PUBLIC COMMENTS – 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. Each individual speaker is limited to speak three (3) continuous minutes or less. 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. 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. 6A. APPROVAL OF MINUTES – OCTOBER 24, 2022 Page 1 6B. QUARTERLY FINANCIAL STATEMENTS Page 5 Overview This item is for the Committee to recommend the Commission take the following action(s): 1) Receive and file the Quarterly Financial Statements for the three months ended September 30, 2022. 6C. QUARTERLY INVESTMENT REPORT Page 14 Overview This item is for the Committee to recommend the Commission take the following action(s): 1) Receive and file the Quarterly Investment Report for the quarter ended September 30, 2022. Budget and Implementation Committee November 28, 2022 Page 3 6D. QUARTERLY PUBLIC ENGAGEMENT METRICS REPORT, JULY-SEPTEMBER 2022 Page 268 Overview This item is for the Committee to recommend the Commission take the following action(s): 1) Receive and file the Quarterly Public Engagement Metrics Report for July-September 2022. 6E. QUARTERLY REPORTING OF CONTRACT CHANGE ORDERS FOR CONSTRUCTION CONTRACTS Page 274 Overview This item is for the Committee to recommend the Commission take the following action(s): 1) Receive and file the Quarterly Report of Contract Change Orders for Construction Contracts for the three months ended September 30, 2022. 7. ANNUAL INVESTMENT POLICY Page 276 Overview This item is for the Committee to recommend the Commission take the following action(s): 1) Approve the revised annual Investment Policy; and 2) Adopt Resolution No. 22-020, “Resolution of the Riverside County Transportation Commission Regarding the Revised Investment Policy”. 8. 2023 STATE AND FEDERAL LEGISLATIVE PLATFORM AND LEGISLATIVE UPDATE Page 303 Overview This item is for the Committee to recommend the Commission take the following action(s): 1) Adopt the Commission’s 2023 State and Federal Legislative Platform; and 2) Receive and file a state and federal legislative update. 9. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA 10. EXECUTIVE DIRECTOR REPORT Budget and Implementation Committee November 28, 2022 Page 4 11. COMMISSIONER COMMENTS Overview This item provides the opportunity for brief announcements or comments on items or matters of general interest. 12. ADJOURNMENT The next Budget and Implementation Committee meeting is scheduled to be held at 9:30 a.m., January 23, 2023. AGENDA ITEM 6A MINUTES RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE Monday, October 24, 2022 MINUTES 1. CALL TO ORDER The meeting of the Budget and Implementation Committee was called to order by Chair Raymond Gregory at 9:32 a.m. via Zoom Meeting ID 816 7753 1395. This meeting was conducted virtually in accordance with AB 361 due to state or local officials recommending measures to promote social distancing. 2. ROLL CALL Members/Alternates Present Members Absent Ben J. Benoit Lisa DeForest Chuck Conder Michael Heath Raymond Gregory Steven Hernandez Jan Harnik To Be Appointed, City of Banning Bob Magee Scott Matas Lisa Middleton* Linda Molina Jeremy Smith Lloyd White Chuck Washington *Arrived after the meeting was called to order. 3. PLEDGE OF ALLEGIANCE Commissioner Ben J. Benoit led the Budget and Implementation Committee in a flag salute. 4. PUBLIC COMMENTS There were no requests to speak from the public. 5. ADDITIONS / REVISIONS There were no additions or revisions to the agenda. RCTC Budget and Implementation Committee Minutes October 24, 2022 Page 2 6. 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 (Molina/Smith) to approve the following Consent Calendar item(s): 6A. APPROVAL OF MINUTES – AUGUST 24, 2022 6B. SINGLE SIGNATURE AUTHORITY REPORT 1) Receive and file the Single Signature Authority report for the first quarter ended September 30, 2022; and 2) Forward to the Commission for final action. 7. CITIZENS AND SPECIALIZED TRANSIT ADVISORY COMMITTEE TRANSIT NEEDS PUBLIC HEARING UPDATE Eric DeHate, Transit Manager, presented the Citizens and Specialized Transit Advisory Committee Transit Needs Public Hearing, highlighting the following: • Background information  Transportation Development Act PUC 99238.5 o Establish a Citizen Participation Process o Hold one public hearing represented by Social Services Transportation Advisory Council • RCTC created Citizens and Specialized Transit Advisory Committee (CSTAC)  13 members of the public and two CTSA’s  Assists the Commission in fulfilling its TDA regulations • Public hearing was held on August 8, 2022  Advertised by transit operators, specialized transit providers and other stakeholders  30-day notice in The Press Enterprise, The Desert Sun, and the Palo Verde Times  Comments were made by email, phone, letter or verbally at the hearing • Comments and feedback  46 public comments received • A table that provides the categories of comments RCTC received Chair Gregory expressed appreciation for the presentation and stated many of the comments are directed to the transit operators and asked how does the Commission address those with the operators. Eric DeHate replied staff works with the transit operator and provides all the public comments to the operator. The operators can respond back individually to the person, 2 RCTC Budget and Implementation Committee Minutes October 24, 2022 Page 3 or they can try to incorporate that in their planning through the next Short Range Transit Plan (SRTP) cycle. Currently some of the operators are going through comprehensive operation analysis (COA) and Riverside Transit Agency (RTA) is kicking off their COA, RTA has already looked at some of these comments and responded to most of the commenters. He explained RTA will be looking at that as part of their COA update and then any changes would end up being reflected in their SRTP. Chair Gregory stated the Commission likes to hold these public hearings, so they can get a lot of comments and they did receive a lot of comments, which is good. M/S/C to: 1) Receive and file an update on the Citizens and Specialized Transit Advisory Committee (CSTAC) Transit Needs Public Hearing; and 2) Forward to the Commission for final action. At this time, Commissioner Lisa Middleton joined the meeting. 8. STATE AND FEDERAL LEGISLATIVE UPDATE David Knudsen, External Affairs Director, presented an update for the state and federal legislative activities. There was a Roundtable discussion in the city of Corona with Representative Ken Calvert, Vice Chair Bob Magee representing RCTC, Riverside County Board of Supervisor Chair Jeff Hewitt, local city officials, RCA Chair Natasha Johnson, and House Natural Resources Ranking Member Bruce Westerman to have a discussion on permitting challenges to infrastructure development. Chair Gregory expressed appreciation for the update and stated it is probably the best the Commission could have expected especially from the State Legislature and the Governor. He thanked David Knudsen for his continued work and for RCTC’s approach on trying to negotiate where it does not appear they can totally guide a bill, which seems like a great strategy. Commissioner Linda Molina expressed appreciation to David Knudsen for the update on all the bills as it makes it easier to bring the city of Calimesa’s council up to date. M/S/C to: 1) Receive and file an update on state and federal legislation; and 2) Forward to the Commission for final action. 9. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA There were no items pulled from the consent calendar. 3 RCTC Budget and Implementation Committee Minutes October 24, 2022 Page 4 10. EXECUTIVE DIRECTOR REPORT • Anne Mayer announced on October 21 – 24, 2022, there was the 55-hour closure on the Eastbound State Route 91 doing some repair work. She thanked the commuters for all the support this weekend as this was very impactful. She congratulated and expressed appreciation to the construction crews who were able to get their work done and get the corridor opened early. She also expressed appreciation to the external affairs team and the toll team for their professionalism. Chair Gregory expressed gratitude to Anne Mayer and her team for all the work that they continue to do and that was good news to be able to the closure done a little early. 11. COMMISSIONER COMMENTS There were no comments from the Commissioners. 12. ADJOURNMENT There being no further business for consideration by the Budget and Implementation Committee, the meeting was adjourned at 9:50 a.m. Respectfully submitted, Lisa Mobley Administrative Services Director/Clerk of the Board 4 AGENDA ITEM 6B Agenda Item 6B RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: November 28, 2022 TO: Budget and Implementation Committee FROM: Michele Cisneros, Deputy Director of Finance THROUGH: Sergio Vidal, Chief Financial Officer SUBJECT: Quarterly Financial Statements STAFF RECOMMENDATION: This item is for the Committee to recommend the Commission take the following action(s): 1) Receive and file the Quarterly Financial Statements for the three months ended September 30, 2022. BACKGROUND INFORMATION: During the first three months of the fiscal year, staff monitored the revenues and expenditures of the Commission. The first quarter of the fiscal year is primarily directed toward completing fiscal year-end activities for the prior year. Staff expects most categories to present a more realistic outlook beginning in the second quarter. The operating statement shows the Measure A and Local Transportation Fund (LTF) sales tax revenues for the first quarter at 8 percent of the budget. This is a result of Governmental Accounting Standards Board (GASB) Statement No. 33, Accounting and Financial Reporting for nonexchange Transactions. GASB Statement No. 33 requires sales tax revenues to be accrued for the period in which they are collected at the point of destination or sale, as applicable. The California Department of Tax and Fee Administration collects the sales tax funds and remits these funds to the Commission after the reporting period for the businesses. This creates a two-month lag in the receipt of revenues by the Commission. Accordingly, these financial statements reflect the revenues related to collections for July 2022. On a cash basis, the Measure A and LTF sales tax receipts are 0.24 and 8.75 percent higher, respectively, than the same period last fiscal year. State Transit Assistance revenues, including State of Good Repair for the first quarter of Fiscal Year 2022/23, are expected to be received in the second quarter of FY 2022/23. Staff will continue to monitor the trends in the sales taxes and report to the Commission any necessary adjustments in revenue projections. Federal, state, and local reimbursements are generally on a reimbursement basis. The Commission will receive these revenues as eligible project costs are incurred and invoiced to the respective agencies. The negative revenue amounts for federal, state, and local 5 Agenda Item 6B reimbursements reflect the reversal of the FY 2021/22 accrued revenues at the beginning of FY 2022/23 in excess of amounts billed during the first quarter. Reimbursement invoices for expenditures for the first quarter will be prepared and submitted in the second quarter. During the FY 2022/23 budget process, the Commission estimated the Transportation Uniform Mitigation Fee (TUMF) revenues at $31 million passed through from Western Riverside Council of Governments. During the first quarter of FY 2022/23, the Commission received TUMF revenues for the month of July of $2.2 million. The Commission expects to receive the August and September TUMF revenues in the second quarter. The RCTC 91 Express Lanes and 15 Express Lanes toll revenues, penalties, and fees are at $15,426,898 and $4,587,511, respectively, totaling $20,014,409 for the first quarter of FY 2022/23. The operating statement shows toll revenues, penalties, and fees at 20 percent of the budget. This reflects periodic toll rate changes made based on traffic volumes according to the approved toll policy on the RCTC 91 Express Lanes. Staff will continue to monitor the toll transactions and/or trips and non-toll revenues. The operating statement shows other revenues at 23 percent of the $707,000 budget and reflects property management lease revenues. During the FY 2022/23 budget process, the Commission conservatively estimated investment income at $1,168,400 due to interest rate volatility in the current market. The operating statement shows investment income, which includes net unrealized investment gains and losses at $(961,328). The expenditures/expenses and other financing sources/uses categories are in line overall with the expectations with the following exceptions: • Salaries and benefits are under budget primarily due to unfilled positions for an Accounting Supervisor, Accounting Technician, IT Administrator, three Senior Management Analysts, Management Analyst, two Senior Capital Projects Manager, Regional Conservation Director, and Reserve Management/Monitoring Manager; • Professional services are under budget primarily due to unused budget authority for general legal services; financial advisory services; rail operations and development activities; and highway, commuter assistance, and specialized transportation other professional services; • Support costs are under budget due to unused budget authority for rail station maintenance, repairs, and utilities; express lanes operations and maintenance; call box maintenance and repairs; and software and computer maintenance and repairs; • Program operations are under budget due to unused budget authority for rail station security; toll operations; motorist and commuter assistance program operations; and highway and rail program management; 6 Agenda Item 6B • The status of significant Commission capital projects (engineering, construction, design- build, and right of way/land) with budget amounts exceeding $5 million is discussed within Attachment 1; • Operating and capital disbursements are made as claims are submitted to the Commission by transit operators; • Special studies unused budget authority is related to feasibility studies; • Local street and roads expenditures are related to Measure A sales tax revenues. These financial statements reflect the turnback payments through July 2022; • Regional arterial expenditures represent expenditures for the highway and regional arterial program administered by the 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. In accordance with the applicable accounting standards related to the Enterprise funds, both the RCTC 91 and 15 Express Lanes Enterprise funds record accrued and compounded interest on its related debt such as the RCTC 91 Express Lanes 2021 Toll Refunding Bonds and 2013 Toll Revenue Bonds, Series B capital appreciation bonds for the 91 Project as well as the Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for the 15 Express Lanes project. Therefore, $1.3 million of the $6.9 million interest cost through the first quarter will not be paid in the current year for the RCTC 91 and 15 Express Lanes Enterprise funds and therefore, not included in the FY 2022/23 budget; • Capital outlay expenditures are under budget due to unused budget authority for office and property improvements for station rehabilitation, toll operations equipment, and Commission office, network, hardware, and software improvements; • Depreciation is recorded as part of the accrual adjustments in the RCTC 91 and 15 Express Lanes Enterprise funds accounting records; however, depreciation is considered a non-cash transaction and not included in the FY 2022/23 budget; and • Transfers in and out include the first quarter administrative cost allocation process, Measure A Sales Tax Bonds debt funding, and LTF disbursements for planning and programming activities. FISCAL IMPACT: This is an information item. There is no fiscal impact. Attachments: 1) Quarterly Project Status – September 2022 2) Quarterly Financial Statements – September 2022 7 RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY PROJECT STATUS 1st QUARTER FOR THREE MONTHS ENDED 9/30/2022 Project Description FY 2022/23 through 1st Quarter Budget Expenditures through 1st Quarter Actuals Project Status 91 Project (P003028) 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. The FY 2022/23 budget amount is $15,359,000. $202,100 $(1,860,508) The under run of the FY 2022/23 budget at the first quarter is due to an accrual reversal for the Army Corps of Engineering Reach 9 project ($1.7 million) and an accrual reversal for plant establishment from the design builder ($0.3 million). 91 Express Lanes (P009103 & P009104) These projects provide repair and rehabilitation of SR-91 general purpose and express lanes, as well as the implementation of a new back-office system. The FY2022/23 budget amount is $13,741,600. 3,180,400 1,353,267 The under run of the FY 2022/23 budget at the first quarter is due lower than anticipated expended costs for Phase 2 corridor improvements ($1.5 million) and associated project construction management ($0.2 million), and an accrual reversal for toll pass-through costs ($0.1 million). I-15 Express Lanes Southern Extension (P003044) 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. The FY 2022/23 budget amount is $5,121,300. 1,181,300 42,152 The under run of the FY 2022/23 budget at the first quarter is due to lower than anticipated expended costs for the preliminary engineering and environmental document contract ($1.1 million). ATTACHMENT 1 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY PROJECT STATUS 1st QUARTER FOR THREE MONTHS ENDED 9/30/2022 Project Description FY 2022/23 through 1st Quarter Budget Expenditures through 1st Quarter Actuals Project Status 15/91 Express Lanes Connector (P003039) 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 $270 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 2023. The FY 2022/23 budget amount is $82,288,300. 19,391,300 4,757,113 The under run of the FY 2022/23 budget at the first quarter is due to delayed invoicing from the design builder ($12.0 million), the toll services contractor ($1.0 million), and lower than anticipated expended costs from the project construction management contract ($0.8 million) and Caltrans ($0.6 million). Mid County Parkway (MCP) (P002302, P002317, P002320, P002324, & P002328) The environmental document for a new corridor from I-215 to SR-79 was approved in April 2015. The first design package is under construction. 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 $2.1 billion. The FY 2022/23 budget amount is $35,832,500. 3,831,625 1,801,848 The under run of the FY 2022/23 budget at the first quarter is primarily due to the following for each project: • MCP: An under run in right of way (ROW) acquisition and ROW support is due to accrual reversals not yet offset by invoices ($0.1 million). • MCP I-215/Placentia Interchange: The under run is due to construction ($0.3 million) and construction management ($0.3 million). • MCP Mitigation: The first year of plant establishment was completed at the beginning of the third quarter in FY 2020/21 and the minimal under run in the first quarter of FY 2022/23 was due to mitigation property monitoring ($0.8 million). • MCP2 and MCP3: The Commission approved the shift from MCP2 to MCP3 at the May 2022 Commission meeting. The underrun was due to combined ROW support services ($0.4 million). 9 RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY PROJECT STATUS 1st QUARTER FOR THREE MONTHS ENDED 9/30/2022 Project Description FY 2022/23 through 1st Quarter Budget Expenditures through 1st Quarter Actuals Project Status 71/91 Connector Project (P003021) 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. The FY 2022/23 budget amount is $49,625,200. 2,555,050 217,260 The under run of the FY 2022/23 budget at the first quarter is due to pre-construction management services ($1.4 million), and less than anticipated expended costs for construction support ($0.3 million) and ROW acquisition ($0.4 million). Smart Freeways (P003051) The project includes environmental clearance, design, and commence construction of a pilot project to install a smart freeway system on northbound I-15 in the city of Temecula. The FY 2022/23 budget amount is $12,533,000. 587,000 (114,143) The under run of the FY 2022/23 budget at the first quarter is due to accrual reversals not yet offset by invoices for final design ($0.5 million) and program management ($0.1 million). Moreno Valley-March Field station upgrade (P004026) The project will remove and replace approximately 2.5 miles of existing rail and wood ties with new rail and concrete ties, remove / replace / regrade track ballast, improve track drainage, install new track signals and Positive Train Control system, connect to existing signals and communication systems, build a new second passenger loading platform, extend the existing passenger loading platform to current Metrolink station standards, and perform other improvements necessary to bring the tracks into compliance with Metrolink standards. The FY 2022/23 budget amount is $15,485,100. 871,275 97,523 The under run of the FY 2022/23 budget at the first quarter is due to construction management and construction support ($0.6 million) and accrual reversals not yet offset by invoices for final design ($0.1 million). This list discusses the significant capital projects (i.e., total budgeted costs in excess of $5 million) and related status. Capital project expenditures are generally affected by lags in invoices submitted by contractors and consultants, as well as issues encountered during certain phases of the projects. The capital projects budgets tend to be based on aggressive project schedules. 10 Revenues Sales tax 415,964,600$ 33,428,270$ 382,536,330$ 8% Federal reimbursements 83,605,900 (6,885,634) 90,491,534 -8% State reimbursements 148,621,900 (11,380,984) 160,002,884 -8% Local reimbursements 17,032,700 1,448,308 15,584,392 9% Transportation Uniform Mitigation Fee 31,000,000 2,172,289 28,827,711 7% Tolls, penalties, and fees 97,771,800 20,014,409 77,757,391 20% Other revenues 707,000 164,066 542,934 23% Investment income 1,168,400 (961,328) 2,129,728 -82% Total revenues 795,872,300 37,999,396 757,872,904 5% Expenditures/Expenses Salaries and benefits 17,367,100 3,092,035 14,275,065 18% Professional and support Professional services 18,479,800 1,725,468 16,754,332 9% Support costs 18,106,200 3,555,590 14,550,610 20% Total Professional and support costs 36,586,000 5,281,058 31,304,942 14% Projects and operations Program operations 40,556,800 1,132,973 39,423,827 3% Engineering 28,494,200 (1,758,746) 30,252,946 -6% Construction 224,588,900 (6,270,489) 230,859,389 -3% Design Build 83,586,800 4,603,194 78,983,606 6% Right of way/land 57,610,800 (3,639,343) 61,250,143 -6% Operating and capital disbursements 210,211,900 35,870,488 174,341,412 17% Special studies 2,216,200 44,156 2,172,044 2% Local streets and roads 77,101,900 6,589,109 70,512,791 9% Regional arterials 30,000,000 (1,869,215) 31,869,215 -6% Total projects and operations 754,367,500 34,702,127 719,665,373 5% Debt service Principal 31,405,000 - 31,405,000 N/A Interest 60,351,300 6,929,187 53,422,113 11% Total debt service 91,756,300 6,929,187 84,827,113 8% Capital outlay 6,362,900 309,352 6,053,548 5% Depreciation - 4,723,489 (4,723,489) N/A Total Expenditures/Expenses 906,439,800 55,037,248 851,402,552 6% Excess revenues over (under) expenditures/expenses (110,567,500) (17,037,852) (93,529,648) 15% Other financing sources/(uses) Transfer in 245,703,200 23,356,422 222,346,778 10% Transfer out (245,703,200) (23,356,422) (222,346,778)10% Total financing sources/(uses)- - - N/A Net change in fund balances (110,567,500) (17,037,852) 93,529,648 15% Fund balance July 1, 2022 1,278,326,000 1,063,776,100 (214,549,900) 83% Fund balance September 30, 2022 1,167,758,500$ 1,046,738,248$ (121,020,252)$ 90% RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY BUDGET TO ACTUAL FY 2022/23 BUDGET 1ST QUARTER ACTUAL PERCENT UTILIZATION REMAINING BALANCE FOR THREE MONTHS ENDED 9/30/2022 1ST QUARTER ATTACHMENT 2 ϭϭ STATE OF GOOD REPAIR OTHER AGENCY PROJECTS REGIONAL CONSERVATION SB132 Revenues Sales tax -$ -$ 17,418,290$ 4,204,345$ 89,093$ 11,716,542$ -$ -$ -$ -$ -$ -$ -$ Federal reimbursements (3,525,131) - (3,360,503) - - - - - - - - - - State reimbursements 1,692,729 (63,838) (388,402) - - - - (4,112) (392,688) - - - (12,224,673) Local reimbursements - (1,011) 89,135 - - - - - - - (29,620) 1,389,804 - Transportation Uniform Mitigation Fee - - - - - - - - 2,172,289 - - - - Tolls, penalties, and fees - - - - - - - - - - - - - Other revenues 68 - 134,553 - - - - - 4,500 - - - - Investment income - - (308,502) (57,147) - - (114,294) - (114,294) - - - - Total revenues (1,832,334) (64,849) 13,584,571 4,147,198 89,093 11,716,542 (114,294) (4,112) 1,669,807 - (29,620) 1,389,804 (12,224,673) Expenditures/Expenses Salaries and benefits 1,494,506 45,065 568,553 - - - - - 39,655 21,439 16,913 511,470 60,762 Professional and support Professional services 552,567 (15,047) 447,086 1,565 - - 2,906 5,500 35,744 6,515 1,275 417,413 11,119 Support costs 998,037 13,504 569,830 - - - - - 9,851 572 - 205,270 2,075 Total Professional and support costs 1,550,604 (1,543) 1,016,916 1,565 - - 2,906 5,500 45,595 7,087 1,275 622,683 13,194 Projects and operations Program operations 4,723 527,209 1,380,811 - - - - - 41,187 - 31,186 176,797 97,067 Engineering - - (356,553) - - - - - 30,459 - 67,348 - (1,500,000) Construction - - (2,198,646) - - - - - 305,283 - - - (5,343,438) Design Build - - (634,346) - - - - - - - - - 4,535,598 Right of way/land - - (1,601,294) - - - - - (107,272) - - 91,223 (2,022,000) Operating and capital disbursements (1,547,835) - 1,099,273 1,816,667 - 30,673,778 3,214,210 614,395 - - - - - Special studies 41,989 - 2,167 - - - - - - - - - - Local streets and roads - - 5,028,495 1,471,521 89,093 - - - - - - - - Regional arterials - - - (1,869,215) - - - - - - - - - Total projects and operations (1,501,123) 527,209 2,719,907 1,418,973 89,093 30,673,778 3,214,210 614,395 269,657 - 98,534 268,020 (4,232,773) Debt service Principal - - - - - - - - - - - - - Interest - - - - - - - - - - - - - Total debt service - - - - - - - - - - - - - Capital outlay 205,076 - 104,276 - - - - - - - - - - Depreciation - - - - - - - - - - - - - Total Expenditures/Expenses 1,749,063 570,731 4,409,652 1,420,538 89,093 30,673,778 3,217,116 619,895 354,907 28,526 116,722 1,402,173 (4,158,817) Excess revenues over (under) (3,581,397) (635,580) 9,174,919 2,726,660 - (18,957,236) (3,331,410) (624,007) 1,314,900 (28,526) (146,342) (12,369) (8,065,856) Other financing sources/(uses) Transfer in 5,967,600 - - - - - - - - - - - - Transfer out (215,100) (54,600) (17,954,922) (128,400) (5,700) (3,964,200) (64,200) (39,800) (34,200) (6,500) - (244,700) - Total financing sources/(uses)5,752,500 (54,600) (17,954,922) (128,400) (5,700) (3,964,200) (64,200) (39,800) (34,200) (6,500) - (244,700) - Net change in fund balances 2,171,103 (690,180) (8,780,003) 2,598,260 (5,700) (22,921,436) (3,395,610) (663,807) 1,280,700 (35,026) (146,342) (257,069) (8,065,856) Fund balance July 1, 2022 35,788,510 12,427,443 379,440,191 84,343,540 - 276,854,895 131,655,414 11,274,447 119,352,193 2,200,344 11,696 (3,933) (385,823) Fund balance September 30, 2022 37,959,613$ 11,737,263$ 370,660,188$ 86,941,800$ (5,700)$ 253,933,459$ 128,259,804$ 10,610,640$ 120,632,893$ 2,165,318$ (134,646)$ (261,002)$ (8,451,679)$ FSP/ SAFE MEASURE A SALES TAX TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) GENERAL FUND WESTERN COUNTY COACHELLA VALLEY STATE TRANSIT ASSISTANCE LOCAL TRANSPORTATION FUND RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY BUDGET TO ACTUAL BY FUND 1ST QUARTER FOR THREE MONTHS ENDED 9/30/2022 TRANSPORTATION DEVELOPMENT ACT SPECIAL REVENUE FUNDS PALO VERDE VALLEY COACHELLA VALLEY RAIL 12 Revenues Sales tax Federal reimbursements State reimbursements Local reimbursements Transportation Uniform Mitigation Fee Tolls, penalties, and fees Other revenues Investment income Total revenues Expenditures/Expenses Salaries and benefits Professional and support Professional services Support costs Total Professional and support costs Projects and operations Program operations Engineering Construction Design Build Right of way/land Operating and capital disbursements Special studies Local streets and roads Regional arterials Total projects and operations Debt service Principal Interest Total debt service Capital outlay Depreciation Total Expenditures/Expenses Excess revenues over (under) Other financing sources/(uses) Transfer in Transfer out Total financing sources/(uses) Net change in fund balances Fund balance July 1, 2022 Fund balance September 30, 2022 15 EXPRESS LANES 91 EXPRESS LANES -$ -$ -$ -$ -$ 33,428,270$ - - - - - (6,885,634) - - - - - (11,380,984) - - - - - 1,448,308 - - - - - 2,172,289 4,587,511 15,426,898 - - - 20,014,409 24,945 - - - - 164,066 (99,200) (588,959) 227,754 68,068 25,246 (961,328) 4,513,256 14,837,939 227,754 68,068 25,246 37,999,396 116,271 217,401 - - - 3,092,035 118,265 140,560 - - - 1,725,468 958,534 797,917 - - - 3,555,590 1,076,799 938,477 - - - 5,281,058 56,231 (1,182,238) - - - 1,132,973 - - - - - (1,758,746) - 966,312 - - - (6,270,489) - 701,942 - - - 4,603,194 - - - - - (3,639,343) - - - - - 35,870,488 - - - - - 44,156 - - - - - 6,589,109 - - - - - (1,869,215) 56,231 486,016 - - - 34,702,127 - - - - - - 750,452 6,178,735 - - - 6,929,187 750,452 6,178,735 - - - 6,929,187 - - - - - 309,352 3,178,382 1,545,107 - - - 4,723,489 5,178,135 9,365,736 - - - 55,037,248 (664,879) 5,472,203 227,754 68,068 25,246 (17,037,852) - - - - 17,388,822 23,356,422 (100,800) (543,300) - - - (23,356,422) (100,800) (543,300) - - 17,388,822 - (765,679) 4,928,903 227,754 68,068 17,414,068 (17,037,852) 249,642,077 (290,512,183) 15,043,286 25,576,707 11,067,296 1,063,776,100 248,876,398$ (285,583,280)$ 15,271,040$ 25,644,775$ 28,481,364$ 1,046,738,248$ COMBINED TOTALDEBT SERVICE RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY BUDGET TO ACTUAL BY FUND 1ST QUARTER FOR THREE MONTHS ENDED 9/30/2022 ENTERPRISE FUND COMMERCIAL PAPER SALES TAX BONDS CAPITAL PROJECTS FUNDS 13 AGENDA ITEM 6C Agenda Item 6C RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: November 28, 2022 TO: Budget and Implementation Committee FROM: Megan Kavand, Senior Financial Analyst Michele Cisneros, Deputy Finance Director THROUGH: Sergio Vidal, Chief Financial Officer SUBJECT: Quarterly Investment Report STAFF RECOMMENDATION: This item is for the Committee to recommend the Commission take the following action(s): 1) Receive and file the Quarterly Investment Report for the quarter ended September 30, 2022. BACKGROUND INFORMATION: The Commission’s quarterly investment reports have generally reflected investments primarily concentrated in the Riverside County Pooled Investment Fund as well as investments in mutual funds for sales tax revenue bonds debt service payments. 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 engaged MetLife Investment Management, LLC, formerly Logan Circle Partners, L.P. (MetLife), as the investment manager for the bond proceeds and other required funds. Additionally, the Commission engaged Payden & Rygel Investment Management (Payden & Rygel) to make specific investments for Commission operating funds. The Commission approved initial agreements with the investment managers in May 2013 following a competitive procurement and has extended the agreements through the annual recurring contracts process. MetLife invested the debt proceeds and subsequent other required contributions for the 91 Project and I-15 ELP in separate accounts of the Short-Term Actively Managed Program (STAMP). The Commission completed the 91 Project financing in 2013, the I-15 ELP and 91 Project completion financing (2017 Financing) in July 2017 and the 2021 91 Project refinancing (2021 Financing) in October 2021. Consistent with financing expectations, the Commission expended all 91 Project debt proceeds and equity contributions, except for the toll revenue bonds debt service reserve, and after commencement of operations, established other required accounts. The Commission continues to expend the 2017 Financing bond proceeds on the I-15 ELP and funded required reserve accounts. 14 Agenda Item 6C The quarterly investment report for the first quarter of FY 2022/23, as required by state law and Commission policy, reflects the investment activities resulting from the 91 Project, 2017 Financing, 2021 Financing and available operating cash. As of September 30, 2022, the Commission’s cash and investments were comprised of the following: CASH AND INVESTMENTS PORTFOLIO AMOUNTS Operating $ 799,688,859 Trust 258,354,859 Commission-managed 152,940,986 STAMP for 91 CIP 55,906,403 STAMP for 2017 Financing 37,989,486 Total $ 1,304,880,594 The quarterly investment report includes the following information: • Investment Portfolio Report; • 91 CIP STAMP Portfolio Statements; • 2017 Financing STAMP Portfolio Statements; • MetLife Short Duration Third Quarter 2022 Review; • Payden & Rygel Operating Portfolio Statement; • Payden & Rygel Operating Portfolio Third Quarter 2022 Review; and • County of Riverside Investment Report for the Quarter Ended September 30, 2022. As of September 30, 2022, the Commission’s cash and investments are in compliance with both the Commission’s investment policy adopted on December 10, 2021, and permitted investments described in 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. FISCAL IMPACT: This is an information item. There is no fiscal impact. Attachments: 1) Investment Portfolio Report 2) 91 CIP STAMP Portfolio Statements 3) 2017 Financing STAMP Portfolio Statements 4) Payden & Rygel Operating Portfolio Statement 5) MetLife Short Duration Quarterly Review 6) Payden & Rygel Operating Portfolio Quarterly Review 7) County of Riverside Investment Report 15 Riverside County Transportation Commission Investment Portfolio Report Period Ended: September 30, 2022 FAIR VALUE FINANCIAL INSTUTION STATEMENTS 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 9,595,668 City National Bank Available upon request A3/BBB+N/A N/A County Treasurer's Pooled Investment Fund 790,093,191 County Treasurer Available upon request Subtotal Operating Funds 799,688,859 FUNDS HELD IN TRUST County Treasurer's Pooled Investment Fund: Local Transportation Fund 258,354,859 County Treasurer Available upon request Subtotal Funds Held in Trust 258,354,859 COMMISSION MANAGED PORTFOLIO US Bank Payden & Rygel Operating 53,502,642 US Bank Attached First American Government Obligation Fund 99,438,344 US Bank Available upon request N/A N/A N/A Subtotal Commission Managed Portfolio 152,940,986 STAMP PORTFOLIO for 91 CIP 2013 Series A & Series B Reserve Fund 12,204,258 US Bank Attached 2021 Series B Reserve Fund 36,456,685 US Bank Attached 2021 Series C Reserve Fund 7,245,459 US Bank Attached Subtotal STAMP Portfolio - 91 CIP 55,906,403 STAMP PORTFOLIO for 2017 Financing Sales Tax I15 ELP Project Revenue Fund 22,876,220 US Bank Attached Ramp Up Fund 15,113,266 US Bank Attached Subtotal STAMP Portfolio - 2017 Financing 37,989,486 TOTAL All Cash and Investments 1,304,880,594$ 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 See attached report for details 2.84% 10.76% 20.05% 61.82% $‐ $100,000,000 $200,000,000 $300,000,000 $400,000,000 $500,000,000 $600,000,000 $700,000,000 $800,000,000 $900,000,000 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 Natureof Investments Mutual Funds, 7.62% County Pool/Cash, 81.08% Fixed Income , 11.30% ATTACHMENT 1 16 125,000.000 Federal Home Loan Bks 124,896.25 124,878.13 1.0 0.01 Discount Note 99.9170 99.90 .00 313385K47 26,723.180 First American Government 26,723.18 26,723.18 0.2 618.11 Oblig Fd Cl D 1.0000 1.00 2.31 31846V401 224,186.990 F H L M C Multiclass Mtg Partn 223,689.29 225,817.37 1.8 5,627.09 C M O Ser K026 Cl A2 99.7780 100.73 2.52 3137B1BS0 Standard & Poors Rating: N/A Moodys Rating: N/A 74,734.950 F H L M C Multiclass Mtg Partn 74,477.86 75,984.11 0.6 1,884.81 C M O Ser K S01 Cl A2 99.6560 101.67 2.53 3137B1U75 Standard & Poors Rating: N/A Moodys Rating: N/A 196,407.940 F H L M C Multiclass Mtg Partn 195,755.87 202,493.64 1.6 5,179.28 C M O Ser K027 Cl A2 99.6680 103.10 2.65 3137B1UG5 Standard & Poors Rating: N/A Moodys Rating: N/A 37,242.750 F H L M C Multiclass Mtg Partn 37,107.19 37,346.73 0.3 1,236.46 C M O Ser K029 Cl A2 99.6360 100.28 3.33 3137B36J2 Standard & Poors Rating: N/A Moodys Rating: N/A 27,826.060 F N M A Partn Cert 27,775.14 27,825.16 0.2 667.27 Pool #Al3382 99.8170 100.00 2.40 3138EKXL4 Standard & Poors Rating: N/A Moodys Rating: N/A 10/13/2022 #3802 2.510 11/25/2022 2.522 01/25/2023 2.637 01/25/2023 3.320 02/25/2023 2.355 03/01/2023 1.2 $618.12 $151,619.43 $151,601.31 00- -M -PF-PC -274-04 02695804 26958 Page 3 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 Cash Equivalents Total Cash Equivalents US Government Issues ACCOUNT NUMBER: 256350023 ASSET DETAIL AS OF 09/30/22 ATTACHMENT 2 ϭϳ 1010101010101010101010110110110000000011101011010001100100001001010101010001111111100000110001000010110001011111000010011001001100001101000010010110100101001011110010000011011110001100111001111001110110000000110100010000101010000011010011011000001011010111010010100001010001000111100011110101000100001001011100100010010110100101101000111010110010111101001011011011100000101010101011111111111111111111 17,287.150 F N M A Gtd R E M I C Pass Thru 17,125.34 17,106.53 0.1 461.91 C M O Ser 2013 M6 Cl 2A 99.0640 98.96 2.70 3136AC7J4 Standard & Poors Rating: N/A Moodys Rating: N/A 17,594.390 F N M A Partn Cert 17,549.70 17,591.29 0.1 424.55 Pool #Bm1757 99.7460 99.98 2.42 3140J55T2 Standard & Poors Rating: N/A Moodys Rating: N/A 5,327.580 F N M A Gtd R E M I C Pass Thru 5,292.15 5,251.00 0.0 79.91 C M O Ser 2013 36 Cl KC 99.3350 98.56 1.51 3136ADFF1 Standard & Poors Rating: N/A Moodys Rating: N/A 9,300.560 F N M A Gtd R E M I C Pass Thru 9,235.64 9,322.10 0.1 249.72 C M O Ser 2013 M14 Cl Apt 99.3020 100.23 2.70 3136AHAE0 Standard & Poors Rating: N/A Moodys Rating: N/A 1,385,000.000 U S Treasury Note 1,386,551.20 1,385,319.97 11.3 0.14 07/31/2023 Var 100.1120 100.02 .00 Standard & Poors Rating: N/A Moodys Rating: Aaa 625,000.000 U S Treasury Note 598,681.25 614,809.57 4.9 781.25 0.125 10/15/2023 95.7890 98.37 .13 Standard & Poors Rating: N/A Moodys Rating: Aaa 1,900,000.000 U S Treasury Note 1,901,919.00 1,902,574.13 15.6 6,175.00 10/31/2023 Var 100.1010 100.14 .32 Standard & Poors Rating: N/A Moodys Rating: Aaa 180,000.000 U S Treasury Note 171,280.80 179,444.53 1.4 225.00 0.125 12/15/2023 95.1560 99.69 .13 Standard & Poors Rating: N/A Moodys Rating: Aaa 03/25/2023 Var 2.493 04/01/2023 1.500 04/25/2023 04/25/2023 Var 91282CCQ2 91282CAP6 91282CDE8 91282CBA8 00- -M -PF-PC -274-04 02695804 26958 Page 4 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 ASSET DETAIL AS OF 09/30/22 (continued) 18 25,772.870 F H L M C Multiclass Mtg Partn 25,596.07 25,899.66 0.2 760.56 C M O Ser K729 Cl A1 99.3140 100.49 2.97 3137FCM35 Standard & Poors Rating: N/A Moodys Rating: Aaa 301,052.850 F H L M C Multiclass Mtg Partn 294,080.47 306,612.05 2.4 8,745.59 C M O Ser K726 Cl A2 97.6840 101.85 2.97 3137BYPQ7 Standard & Poors Rating: AAA Moodys Rating: N/A 1,000,000.000 U S Treasury Note 934,020.00 951,875.00 7.7 2,500.00 0.250 06/15/2024 93.4020 95.19 .27 Standard & Poors Rating: N/A Moodys Rating: Aaa 17,352.310 F N M A Gtd R E M I C Pass Thru 16,885.36 17,301.48 0.1 524.21 C M O Ser 2014 M13 Cl A2 97.3090 99.71 3.10 3136ALYF2 Standard & Poors Rating: N/A Moodys Rating: N/A 119,398.090 F H L M C Multiclass Mtg Partn 118,981.39 119,422.82 1.0 2,476.94 C M O Ser Q 015 Cl A 99.6510 100.02 2.08 3137FYUR5 Standard & Poors Rating: N/A Moodys Rating: N/A 39,854.780 F H L M C Multiclass Mtg Partn 38,678.67 41,624.53 0.3 210.82 C M O Ser Kbx1 Cl A1 97.0490 104.44 .54 3137F4CY6 Standard & Poors Rating: N/A Moodys Rating: N/A 760,000.000 U S Treasury Note 729,007.20 770,127.32 6.0 17,100.00 2.250 11/15/2024 95.9220 101.33 2.35 Standard & Poors Rating: N/A Moodys Rating: Aaa 70,000.000 F H L M C M T N 69,022.80 70,000.00 0.6 2,800.00 4.000 12/30/2024 98.6040 100.00 4.06 Standard & Poors Rating: AA+ Moodys Rating: Aaa 2.951 02/25/2024 2.905 04/25/2024 91282CCG4 3.021 08/25/2024 08/26/2024 Var 2.920 09/25/2024 912828G38 3134GXA61 00- -M -PF-PC -274-04 02695804 26958 Page 5 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 ASSET DETAIL AS OF 09/30/22 (continued) 19 1010101010101010101010110110110000000011101011010001100100001001010101000001011111100000110001010010110001011111001111011001001100001011010010010101100110110001110010000010010100001100111001100001110110000000100101000000101010011000010011011000001111100010110010100100110001101111100011000001101101001001000010100011011110111110100011110110110111000100011111011011101010101000001011111111111111111111 134,886.100 F H L M C Multiclass Mtg Partn 131,790.46 139,010.05 1.1 3,779.51 C M O Ser K050 Cl A1 97.7050 103.06 2.87 3137BLW87 Standard & Poors Rating: N/A Moodys Rating: N/A 125,000.000 F H L M C M T N 123,581.25 125,000.00 1.0 5,000.00 4.000 02/28/2025 98.8650 100.00 4.05 Standard & Poors Rating: AA+ Moodys Rating: Aaa 365,000.000 U S Treasury Note 332,993.15 362,889.84 2.7 1,825.00 0.500 03/31/2025 91.2310 99.42 .55 Standard & Poors Rating: N/A Moodys Rating: Aaa 175,000.000 F H L M C Multiclass Mtg Partn 166,727.75 188,024.41 1.4 4,847.43 C M O Ser Kplb Cl A 95.2730 107.44 2.91 3137BJQ71 Standard & Poors Rating: N/A Moodys Rating: N/A 15,000.000 F H L M C Multiclass Mtg Partn 14,517.60 14,944.34 0.1 499.35 C M O Ser K047 Cl A2 96.7840 99.63 3.44 3137BKRJ1 Standard & Poors Rating: N/A Moodys Rating: N/A 37,000.000 F H L M C Multiclass Mtg Partn 35,756.80 40,815.63 0.3 1,215.08 C M O Ser K048 Cl A2 96.6400 110.31 3.40 3137BLAC2 Standard & Poors Rating: N/A Moodys Rating: N/A 86,124.510 F N M A Gtd R E M I C Pass Thru 81,997.42 85,101.79 0.7 2,331.16 C M O Ser 2015 M13 Cl A2 95.2080 98.81 2.84 3136AQHL7 Standard & Poors Rating: N/A Moodys Rating: N/A 300,000.000 F H L M C M T N 269,220.00 299,580.00 2.2 1,800.00 0.600 08/12/2025 89.7400 99.86 .67 Standard & Poors Rating: N/A Moodys Rating: Aaa 2.802 01/25/2025 3134GXS88 912828ZF0 2.770 05/25/2025 3.329 05/25/2025 06/25/2025 Var 2.800 06/25/2025 3134GWND4 00- -M -PF-PC -274-04 02695804 26958 Page 6 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 ASSET DETAIL AS OF 09/30/22 (continued) 20 75,000.000 F H L M C Multiclass Mtg Partn 73,101.75 73,924.81 0.6 2,812.50 C M O Ser K733 Cl A2 97.4690 98.57 3.85 3137FJXQ7 Standard & Poors Rating: N/A Moodys Rating: N/A 970,000.000 U S Treasury Note 862,087.50 957,882.03 7.1 2,425.00 0.250 09/30/2025 88.8750 98.75 .28 Standard & Poors Rating: N/A Moodys Rating: Aaa 134,775.490 F N M A Gtd R E M I C Pass Thru 126,841.26 133,153.98 1.0 3,641.63 C M O Ser 2016 M3 Cl A2 94.1130 98.80 2.87 3136ARTE8 Standard & Poors Rating: N/A Moodys Rating: N/A 43,865.600 F N M A Partn Cert 40,926.60 42,912.99 0.3 1,118.57 Pool #An1613 93.3000 97.83 2.73 3138LDYK3 Standard & Poors Rating: N/A Moodys Rating: N/A 15,999.580 G N M A Gtd R E M I C Pass Thru 15,920.70 16,166.52 0.1 479.99 C M O Ser 2011 158 Cl Ca 99.5070 101.04 3.01 38378AU90 Standard & Poors Rating: N/A Moodys Rating: N/A 55,000.000 F H L M C Multiclass Mtg Partn 52,566.80 55,023.63 0.4 1,877.15 C M O Ser K062 Cl A2 95.5760 100.04 3.57 3137BUX60 Standard & Poors Rating: N/A Moodys Rating: N/A 28,956.770 F N M A Gtd R E M I C Pass Thru 26,775.75 27,029.34 0.2 764.17 C M O Ser 2017 M4 Cl A2 92.4680 93.34 2.85 3136AVY52 Standard & Poors Rating: N/A Moodys Rating: N/A 51,061.890 G N M A I I Pass Thru Cert 49,666.37 51,485.12 0.4 1,531.86 Pool #005276 97.2670 100.83 3.08 36202F2H8 Standard & Poors Rating: N/A Moodys Rating: N/A 08/25/2025 Var 91282CAM3 2.702 02/25/2026 2.550 07/01/2026 3.000 10/20/2026 3.413 12/25/2026 12/25/2026 Var 3.000 01/20/2027 00- -M -PF-PC -274-04 02695804 26958 Page 7 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 ASSET DETAIL AS OF 09/30/22 (continued) 21 1010101010101010101010110110110000000011101011010001100100001001010100110000111111100000110001001010110001011111001011011001001100001100010010010100100101001101110010000011110011101100111000010101110110000000100000001000101010010100011001011000001110110110110010100101101100010111100010001101111100001000000111000101001110111100110011010000110110110100100011011011100110101010001011111111111111111111 56,923.550 F N M A Partn Cert 51,579.00 52,245.14 0.4 1,201.09 Pool #Bl5365 90.6110 91.78 2.33 3140HW6B3 Standard & Poors Rating: N/A Moodys Rating: N/A 27,607.380 G N M A I I Pass Thru Cert 26,836.58 28,181.09 0.2 828.22 Pool #005300 97.2080 102.08 3.09 36202F3H7 Standard & Poors Rating: N/A Moodys Rating: N/A 23,311.920 G N M A Partn Cert 22,648.70 23,899.16 0.2 699.36 Pool #779250 97.1550 102.52 3.09 36176XQB8 Standard & Poors Rating: N/A Moodys Rating: N/A 41,633.280 G N M A I I Partn Cert 39,990.01 41,389.01 0.3 1,040.83 Pool #Ma0138 96.0530 99.41 2.60 36179MEK2 Standard & Poors Rating: N/A Moodys Rating: N/A 32,513.620 G N M A Gtd R E M I C Pass Thru 30,610.92 32,815.49 0.3 487.70 C M O Ser 2012 96 Cl Ad 94.1480 100.93 1.59 38378HAU0 Standard & Poors Rating: N/A Moodys Rating: N/A 23,869.730 F N M A Gtd R E M I C Pass Thru 22,454.26 24,115.05 0.2 358.05 C M O Ser 2012 102 Cl Bj 94.0700 101.03 1.59 3136A8SX9 Standard & Poors Rating: N/A Moodys Rating: N/A 25,557.260 G N M A I I Pass Thru Cert 24,461.88 26,056.07 0.2 638.93 Pool #Ma0601 95.7140 101.95 2.61 36179MU24 Standard & Poors Rating: N/A Moodys Rating: N/A 250,000.000 F H L M C Multiclass Mtg Partn 236,110.00 246,718.75 1.9 1,006.20 C M O Ser K073 Cl A2 94.4440 98.69 .43 3137FETN0 Standard & Poors Rating: N/A Moodys Rating: N/A 2.110 02/01/2027 3.000 02/20/2027 3.000 05/15/2027 2.500 06/20/2027 1.500 08/20/2027 1.500 09/15/2027 2.500 12/20/2027 3.350 01/25/2028 00- -M -PF-PC -274-04 02695804 26958 Page 8 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 ASSET DETAIL AS OF 09/30/22 (continued) 22 34,718.730 G N M A I I Pass Thru Cert 33,166.11 35,408.48 0.3 867.97 Pool #Ma0756 95.5280 101.99 2.62 36179MZV5 Standard & Poors Rating: N/A Moodys Rating: N/A 17,766.040 G N M A I I Pass Thru Cert 17,195.22 18,236.21 0.1 532.98 Pool #Ma0909 96.7870 102.65 3.10 36179NAJ7 Standard & Poors Rating: N/A Moodys Rating: N/A 27,623.410 F N M A Gtd R E M I C Pass Thru 26,178.71 27,949.14 0.2 483.41 C M O Ser 2013 70 Cl Dg 94.7700 101.18 1.85 3136AEY84 Standard & Poors Rating: N/A Moodys Rating: N/A 50,000.000 F N M A Partn Cert 47,975.50 48,171.88 0.4 1,840.00 Pool #109412 95.9510 96.34 3.83 313637N55 Standard & Poors Rating: N/A Moodys Rating: N/A 56,263.920 G N M A II Partn Cert 53,576.76 57,521.51 0.4 1,406.60 Pool #Ma1202 95.2240 102.24 2.63 36179NKP2 Standard & Poors Rating: N/A Moodys Rating: N/A 5,885.130 F H L M C Multiclass Mtg Partn 5,733.23 5,818.93 0.1 147.13 C M O Ser 4257 Cl Ek 97.4190 98.88 2.57 3137B5A60 Standard & Poors Rating: N/A Moodys Rating: N/A 185,000.000 Federal Home Loan Bks 176,521.45 205,766.25 1.5 6,012.50 3.250 11/16/2028 95.4170 111.23 3.41 Standard & Poors Rating: AA+ Moodys Rating: Aaa 37,885.310 F N M A Partn Cert 36,901.43 39,277.54 0.3 1,515.41 Pool #Bl1077 97.4030 103.67 4.11 3140HSFT3 Standard & Poors Rating: N/A Moodys Rating: N/A 2.500 02/20/2028 3.000 04/20/2028 1.750 07/25/2028 3.680 08/01/2028 2.500 08/20/2028 2.500 10/15/2028 3130AFFX0 4.000 12/01/2028 00- -M -PF-PC -274-04 02695804 26958 Page 9 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 ASSET DETAIL AS OF 09/30/22 (continued) 23 1010101010101010101010110110110000000011101011010001100100001001010100100000111111100000110001000010110001011111010111011001001100001101000010010011100111100101110010000011011110001100111001011000010110000000110010111000101010010011011011011000001010100110000010100111000100101111100010011101001000001000010111100010001110100101111101101000110110010101111001011011101110101000001011111111111111111111 16,914.190 F N M A Partn Cert 16,117.70 17,701.00 0.1 592.00 Pool #Al5851 95.2910 104.65 3.67 3138ENQD4 Standard & Poors Rating: N/A Moodys Rating: N/A 59,408.730 F N M A Partn Cert 55,129.52 61,389.77 0.5 1,485.22 Pool #As4860 92.7970 103.33 2.69 3138WEMJ5 Standard & Poors Rating: N/A Moodys Rating: N/A 90,000.000 U S Treasury Note 70,520.40 87,148.83 0.6 562.50 0.625 08/15/2030 78.3560 96.83 .80 Standard & Poors Rating: N/A Moodys Rating: Aaa 27,580.000 F H L M C Partn Cert Mirror 25,978.15 27,218.42 0.2 827.40 Pool #Zs8585 94.1920 98.69 3.18 3132A9RE9 Standard & Poors Rating: N/A Moodys Rating: N/A 250,757.670 F H L M C Partn Cert Umbs 237,943.95 261,849.64 2.0 8,776.52 Pool #Zt1963 94.8900 104.42 3.69 3132AEFC5 Standard & Poors Rating: N/A Moodys Rating: N/A 37,043.160 F N M A Partn Cert 35,224.71 38,805.45 0.3 1,296.51 Pool #Al7688 95.0910 104.76 3.68 3138EQRJ3 193,191.170 F N M A Partn Cert Umbs 173,441.24 198,268.69 1.4 3,863.82 Pool #Ma4309 89.7770 102.63 2.23 31418DYF3 Standard & Poors Rating: N/A Moodys Rating: N/A 53,824.320 F N M A Partn Cert 51,211.69 56,734.43 0.4 1,883.85 Pool #Al8561 95.1460 105.41 3.68 3138ETQP4 Standard & Poors Rating: N/A Moodys Rating: N/A 3.500 10/01/2029 2.500 05/01/2030 91282CAE1 3.000 10/01/2030 3.500 11/01/2030 3.500 11/01/2030 2.000 03/01/2031 3.500 06/01/2031 00- -M -PF-PC -274-04 02695804 26958 Page 10 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 ASSET DETAIL AS OF 09/30/22 (continued) 24 137,991.040 F N M A Partn Cert 128,032.23 143,070.45 1.1 3,449.78 Pool #Ma2803 92.7830 103.68 2.69 31418CDH4 Standard & Poors Rating: N/A Moodys Rating: N/A 130,494.190 F H L M C Partn Cert 121,084.25 135,001.20 1.0 3,262.35 Pool #Zs8063 92.7890 103.45 2.69 3132A85Y1 Standard & Poors Rating: N/A Moodys Rating: N/A 43,138.230 F N M A Partn Cert Umbs 40,709.98 45,185.44 0.3 1,294.15 Pool #Bm3956 94.3710 104.75 3.18 3140J8ME0 Standard & Poors Rating: N/A Moodys Rating: N/A 50,112.180 F H L M C Partn Cert 47,512.36 53,024.99 0.4 1,753.93 Pool #Zt1970 94.8120 105.81 3.69 3132AEFK7 Standard & Poors Rating: N/A Moodys Rating: N/A 48,052.290 F H L M C Partn Cert Umbs 43,717.49 45,832.10 0.4 1,201.31 Pool #Sb8026 90.9790 95.38 2.75 3132D54K5 Standard & Poors Rating: N/A Moodys Rating: N/A 130,548.170 F N M A Partn Cert 123,050.79 137,430.66 1.0 3,916.45 Pool #Fm6017 94.2570 105.27 3.18 3140X9VK8 Standard & Poors Rating: N/A Moodys Rating: N/A 56,908.700 F N M A Partn Cert Umbs 52,907.45 55,918.29 0.4 1,707.26 Pool #Ma4112 92.9690 98.26 3.23 31418DSA1 Standard & Poors Rating: N/A Moodys Rating: N/A 26,606.230 G N M A Gtd R E M I C Pass Thru 26,137.43 0.20 0.2 453.64 C M O Ser 2013 105 Cl A 98.2380 0.00 1.74 38378KXW4 Standard & Poors Rating: N/A Moodys Rating: N/A 2.500 11/01/2031 2.500 09/01/2032 3.000 12/01/2032 3.500 04/01/2033 2.500 12/01/2034 3.000 02/01/2035 3.000 08/01/2035 1.705 02/16/2037 00- -M -PF-PC -274-04 02695804 26958 Page 11 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 ASSET DETAIL AS OF 09/30/22 (continued) 25 1010101010101010101010110110110000000011101011010001100100001001010100010001011111100000110001001110110001011111010001011001001100001001100010010010100010101011110010000011100011101100111000100111010110000000100010000000101010001010011011011000001010011111110010100101110111000111100010100010001110001000101011000111010110101011100100011000110100100100001001011011101000101011001011111111111111111111 32,786.600 G N M A Gtd R E M I C Pass Thru 31,802.02 8,593.13 0.3 983.60 C M O Ser 2010 4 Cl Pd 96.9970 26.21 3.09 38376T5Z1 Standard & Poors Rating: N/A Moodys Rating: N/A 23,457.150 G N M A Gtd R E M I C Pass Thru 23,154.79 11,590.77 0.2 703.71 C M O Ser 2010 166 Cl Gp 98.7110 49.41 3.04 38377RVK8 Standard & Poors Rating: N/A Moodys Rating: N/A 13,293.280 G N M A Gtd R E M I C Pass Thru 13,006.68 13,467.61 0.1 398.80 C M O Ser 2010 6 Cl Ab 97.8440 101.31 3.07 38376TTT9 Standard & Poors Rating: N/A Moodys Rating: N/A 14,857.930 G N M A Gtd R E M I C Pass Thru 14,660.77 14,695.06 0.1 297.16 C M O Ser 2011 136 Cl Ga 98.6730 98.90 2.03 38377YTL4 Standard & Poors Rating: N/A Moodys Rating: N/A 7,171.350 G N M A Gtd R E M I C Pass Thru 7,078.12 7,239.38 0.1 215.14 C M O Ser 2011 18 Cl Pg 98.7000 100.95 3.04 38377QKH9 Standard & Poors Rating: N/A Moodys Rating: N/A 10,732.210 G N M A Gtd R E M I C Pass Thru 10,498.14 10,598.06 0.1 160.98 C M O Ser 2013 47 Cl Ec 97.8190 98.75 1.53 38378JZD7 Standard & Poors Rating: N/A Moodys Rating: N/A 41,331.370 G N M A Gtd R E M I C Pass Thru 40,057.12 0.16 0.3 1,033.28 C M O Ser 2013 71 Cl Ga 96.9170 0.00 2.58 38378TAF7 Standard & Poors Rating: N/A Moodys Rating: N/A 41,471.120 G N M A Gtd R E M I C Pass Thru 40,037.46 39,974.28 0.3 933.10 C M O Ser 2013 116 Cl Ma 96.5430 96.39 2.33 38378VC45 Standard & Poors Rating: N/A Moodys Rating: N/A 3.000 01/16/2039 3.000 04/20/2039 3.000 11/20/2039 2.000 05/20/2040 3.000 08/20/2040 1.500 12/20/2040 2.500 07/20/2041 2.250 12/16/2041 00- -M -PF-PC -274-04 02695804 26958 Page 12 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 ASSET DETAIL AS OF 09/30/22 (continued) 26 25,965.760 F N M A Gtd R E M I C Pass Thru 25,148.36 26,352.28 0.2 519.32 C M O Ser 2012 148 Cl Mc 96.8520 101.49 2.06 3136ABNZ2 Standard & Poors Rating: N/A Moodys Rating: N/A 13,666.380 G N M A Gtd R E M I C Pass Thru 13,567.71 13,194.47 0.1 326.43 C M O Ser 2013 78 Cl Ag 99.2780 96.55 2.41 38378KRS0 Standard & Poors Rating: N/A Moodys Rating: N/A 16,252.230 G N M A Gtd R E M I C Pass Thru 15,956.93 16,335.92 0.1 487.57 C M O Ser 2018 153 Cl Wj 98.1830 100.51 3.06 38381AZ58 Standard & Poors Rating: N/A Moodys Rating: N/A 41,776.880 G N M A Gtd R E M I C Pass Thru 39,096.06 42,129.98 0.3 1,253.31 C M O Ser 2016 147 Cl Da 93.5830 100.85 3.21 38380AZ34 Standard & Poors Rating: N/A Moodys Rating: N/A 355,925.880 G N M A Gtd R E M I C Pass Thru 336,880.29 161,986.38 2.8 9,198.51 C M O Ser 2013 74 Cl Al 94.6490 45.51 2.73 38378KSL4 Standard & Poors Rating: N/A Moodys Rating: N/A 9,701.350 F N M A Partn Cert 9,683.79 9,994.94 0.1 251.85 Pool #Bm6007 99.8190 103.03 2.60 3140JAU97 Standard & Poors Rating: N/A Moodys Rating: N/A 38,283.340 G N M A Gtd R E M I C Pass Thru 34,167.88 37,305.34 0.3 967.42 C M O Ser 2015 29 Cl Ad 89.2500 97.45 2.83 38379KDN5 Standard & Poors Rating: N/A Moodys Rating: N/A 2.000 11/25/2042 2.388 07/16/2043 3.000 11/20/2045 3.000 04/20/2046 12/16/2046 Var 06/01/2049 Var 09/16/2055 Var 98.8 $167,182.16 $12,052,638.77 $12,308,300.49 100.0 $167,800.28 $12,204,258.20 $12,459,901.80 00- -M -PF-PC -274-04 02695804 26958 Page 13 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 Total US Government Issues ACCOUNT NUMBER: 256350023 Total Assets ASSET DETAIL AS OF 09/30/22 (continued) 27 1010101010101010101010110110110000000011101011010000100100001001010101110000111111100000110001001110110001011111011100011001001100001110110010010000100101000001110010000010111000101100111001101111010110000000111000010000101010011111001111011000001001100111100010100111011110110111100010101010011100001000100010100110110110111110101100000100110011100101101001011011101010101001101011111111111111111111 09/01/22 Interest Earned On 374.82 First Am Govt Ob Fd Cl D Interest From 8/1/22 To 8/31/22 31846V401 09/02/22 Purchased 374.82 Units Of - 374.82 374.82 First Am Govt Ob Fd Cl D Trade Date 9/2/22 31846V401 09/15/22 Interest Earned On 13.01 F H L M C Mltcl Mtg 2.500% 10/15/28 $0.00208/Pv On 6,242.79 Pv Due 9/15/22 3137B5A60 09/15/22 Paid Down 357.66 Par Value Of 357.66 - 353.64 F H L M C Mltcl Mtg 2.500% 10/15/28 Trade Date 9/15/22 3137B5A60 09/15/22 Amortized Premium On - 24.04 G N M A #779250 3.000% 5/15/27 Fed Basis Decreased By 24.04 USD To 24,668.99 USD 9/15/22 Current Year Amortization 36176XQB8 09/15/22 Paid Down 750.91 Par Value Of 750.91 - 769.83 G N M A #779250 3.000% 5/15/27 For Record Date Of August Due 9/15/22 August GNMA Due 9/15/22 36176XQB8 09/15/22 Interest Earned On 60.16 G N M A #779250 3.000% 5/15/27 August GNMA Due 9/15/22 36176XQB8 09/15/22 Purchased 1,181.74 Units Of - 1,181.74 1,181.74 First Am Govt Ob Fd Cl D Trade Date 9/15/22 31846V401 09/16/22 Amortized Premium On - 4.20 G N M A Gtd Remic 3.000% 1/16/39 Fed Basis Decreased By 4.20 USD To 8,955.28 USD 9/16/22 Current Year Amortization 38376T5Z1 09/16/22 Interest Earned On 85.31 G N M A Gtd Remic 3.000% 1/16/39 $0.00250/Pv On 34,125.91 Pv Due 9/16/22 38376T5Z1 09/16/22 Paid Down 1,339.31 Par Value Of 1,339.31 - 362.15 G N M A Gtd Remic 3.000% 1/16/39 Trade Date 9/16/22 38376T5Z1 00- -M -PF-PC -274-04 02695804 26958 Page 16 of 56 Beginning Balance 09/01/2022 - $697.92 $697.92 $12,448,392.64 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL 28 09/16/22 Interest Earned On 40.02 G N M A Gtd Remic 2.38858% 7/16/43 $0.00199/Pv On 20,106.52 Pv Due 9/16/22 38378KRS0 09/16/22 Paid Down 6,440.14 Par Value Of 6,440.14 - 6,217.75 G N M A Gtd Remic 2.38858% 7/16/43 Trade Date 9/16/22 38378KRS0 09/16/22 Interest Earned On 769.67 G N M A Gtd Remic 2.604% 12/16/46 $0.00215/Pv On 357,378.77 Pv Due 9/16/22 38378KSL4 09/16/22 Paid Down 1,452.89 Par Value Of 1,452.89 - 661.22 G N M A Gtd Remic 2.604% 12/16/46 Trade Date 9/16/22 38378KSL4 09/16/22 Interest Earned On 38.48 G N M A Gtd Remic 1.705% 2/16/37 $0.00142/Pv On 27,084.24 Pv Due 9/16/22 38378KXW4 09/16/22 Paid Down 478.01 Par Value Of 478.01 G N M A Gtd Remic 1.705% 2/16/37 Trade Date 9/16/22 38378KXW4 09/16/22 Interest Earned On 80.86 G N M A Gtd Remic 2.250% 12/16/41 $0.00188/Pv On 43,123.52 Pv Due 9/16/22 38378VC45 09/16/22 Paid Down 1,652.4 Par Value Of 1,652.40 - 1,592.76 G N M A Gtd Remic 2.250% 12/16/41 Trade Date 9/16/22 38378VC45 09/16/22 Interest Earned On 80.79 G N M A Gtd Remic 2.527% 9/16/55 $0.00211/Pv On 38,360.16 Pv Due 9/16/22 38379KDN5 09/16/22 Paid Down 76.82 Par Value Of 76.82 - 74.86 G N M A Gtd Remic 2.527% 9/16/55 Trade Date 9/16/22 38379KDN5 09/16/22 Cash Disbursement - 845.20 Transfer To Principal Income Earnings 09/16/22 Cash Receipt 845.20 Transfer From Income Income Earnings 09/16/22 Purchased 12,534.7 Units Of - 12,534.70 12,534.70 First Am Govt Ob Fd Cl D Trade Date 9/16/22 31846V401 00- -M -PF-PC -274-04 02695804 26958 Page 17 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 29 1010101010101010101010110110110000000011101011010000100100001001010101100001011111100000110001010110110001011111001010011001001000001101100010010111100100011111110010000011001110001100111000101001010110000000111000100000101010001101100011011000001001100101100010100000101100101111100010100100010110001000111111001101100110100011100000000100110001011100110101011011101100101000001011111111111111111111 09/20/22 Amortized Premium On - 95.35 G N M A I I #Ma0138 2.500% 6/20/27 Fed Basis Decreased By 95.35 USD To 42,535.86 USD 9/20/22 Current Year Amortization 36179MEK2 09/20/22 Paid Down 1,153.62 Par Value Of 1,153.62 - 1,146.85 G N M A I I #Ma0138 2.500% 6/20/27 P & I Due 09/20/22 36179MEK2 09/20/22 Interest Earned On 89.14 G N M A I I #Ma0138 2.500% 6/20/27 P & I Due 09/20/22 36179MEK2 09/20/22 Amortized Premium On - 18.12 G N M A I I #Ma0601 2.500% 12/20/27 Fed Basis Decreased By 18.12 USD To 26,958.51 USD 9/20/22 Current Year Amortization 36179MU24 09/20/22 Paid Down 885.16 Par Value Of 885.16 - 902.44 G N M A I I #Ma0601 2.500% 12/20/27 P & I Due 09/20/22 36179MU24 09/20/22 Interest Earned On 55.09 G N M A I I #Ma0601 2.500% 12/20/27 P & I Due 09/20/22 36179MU24 09/20/22 Amortized Premium On - 24.27 G N M A I I #Ma0756 2.500% 2/20/28 Fed Basis Decreased By 24.27 USD To 36,441.34 USD 9/20/22 Current Year Amortization 36179MZV5 09/20/22 Paid Down 1,012.74 Par Value Of 1,012.74 - 1,032.86 G N M A I I #Ma0756 2.500% 2/20/28 P & I Due 09/20/22 36179MZV5 09/20/22 Interest Earned On 74.44 G N M A I I #Ma0756 2.500% 2/20/28 P & I Due 09/20/22 36179MZV5 09/20/22 Amortized Premium On - 41.33 G N M A II #Ma1202 2.500% 8/20/28 Fed Basis Decreased By 41.33 USD To 59,007.88 USD 9/20/22 Current Year Amortization 36179NKP2 09/20/22 Paid Down 1,453.88 Par Value Of 1,453.88 - 1,486.37 G N M A II #Ma1202 2.500% 8/20/28 P & I Due 09/20/22 36179NKP2 00- -M -PF-PC -274-04 02695804 26958 Page 18 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 30 09/20/22 Interest Earned On 120.25 G N M A II #Ma1202 2.500% 8/20/28 P & I Due 09/20/22 36179NKP2 09/20/22 Purchased 4,844.32 Units Of - 4,844.32 4,844.32 First Am Govt Ob Fd Cl D Trade Date 9/20/22 31846V401 09/20/22 Interest Earned On 34.40 G N M A Gtd Remic 3.000% 11/20/39 $0.00250/Pv On 13,759.46 Pv Due 9/20/22 38376TTT9 09/20/22 Amortized Premium On - 3.08 G N M A Gtd Remic 3.000% 11/20/39 Fed Basis Decreased By 3.08 USD To 13,939.90 USD 9/20/22 Current Year Amortization 38376TTT9 09/20/22 Paid Down 466.18 Par Value Of 466.18 - 472.29 G N M A Gtd Remic 3.000% 11/20/39 Trade Date 9/20/22 38376TTT9 09/20/22 Interest Earned On 18.95 G N M A Gtd Remic 3.000% 8/20/40 $0.00250/Pv On 7,580.90 Pv Due 9/20/22 38377QKH9 09/20/22 Amortized Premium On - 1.19 G N M A Gtd Remic 3.000% 8/20/40 Fed Basis Decreased By 1.19 USD To 7,652.81 USD 9/20/22 Current Year Amortization 38377QKH9 09/20/22 Paid Down 409.55 Par Value Of 409.55 - 413.43 G N M A Gtd Remic 3.000% 8/20/40 Trade Date 9/20/22 38377QKH9 09/20/22 Amortized Premium On - 1.00 G N M A Gtd Remic 3.000% 4/20/39 Fed Basis Decreased By 1.00 USD To 12,066.08 USD 9/20/22 Current Year Amortization 38377RVK8 09/20/22 Interest Earned On 61.05 G N M A Gtd Remic 3.000% 4/20/39 $0.00250/Pv On 24,419.10 Pv Due 9/20/22 38377RVK8 09/20/22 Paid Down 961.95 Par Value Of 961.95 - 475.31 G N M A Gtd Remic 3.000% 4/20/39 Trade Date 9/20/22 38377RVK8 00- -M -PF-PC -274-04 02695804 26958 Page 19 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 31 1010101010101010101010110110110000000011101011010000100100001001010101010000111111100000110001011010110001011111001100011001001000001001000010010110100001010001110010000011110011101100111001010110010110000000101000011000101010010100100011011000001001011100010010100010011111000111100010011011010000001000000011101000111110101101111001110100110011101101000101011011101010101011001011111111111111111111 09/20/22 Amortized Premium On - 1.19 G N M A Gtd Remic 2.000% 5/20/40 Fed Basis Decreased By 1.19 USD To 15,145.71 USD 9/20/22 Current Year Amortization 38377YTL4 09/20/22 Interest Earned On 25.52 G N M A Gtd Remic 2.000% 5/20/40 $0.00167/Pv On 15,313.57 Pv Due 9/20/22 38377YTL4 09/20/22 Paid Down 455.64 Par Value Of 455.64 - 450.65 G N M A Gtd Remic 2.000% 5/20/40 Trade Date 9/20/22 38377YTL4 09/20/22 Interest Earned On 45.24 G N M A Gtd Remic 3.000% 10/20/26 $0.00250/Pv On 18,097.90 Pv Due 9/20/22 38378AU90 09/20/22 Amortized Premium On - 7.91 G N M A Gtd Remic 3.000% 10/20/26 Fed Basis Decreased By 7.91 USD To 18,286.73 USD 9/20/22 Current Year Amortization 38378AU90 09/20/22 Paid Down 2,098.32 Par Value Of 2,098.32 - 2,120.21 G N M A Gtd Remic 3.000% 10/20/26 Trade Date 9/20/22 38378AU90 09/20/22 Amortized Premium On - 11.53 G N M A Gtd Remic 1.500% 8/20/27 Fed Basis Decreased By 11.53 USD To 33,757.87 USD 9/20/22 Current Year Amortization 38378HAU0 09/20/22 Interest Earned On 41.81 G N M A Gtd Remic 1.500% 8/20/27 $0.00125/Pv On 33,447.33 Pv Due 9/20/22 38378HAU0 09/20/22 Paid Down 933.71 Par Value Of 933.71 - 942.38 G N M A Gtd Remic 1.500% 8/20/27 Trade Date 9/20/22 38378HAU0 09/20/22 Interest Earned On 14.00 G N M A Gtd Remic 1.500% 12/20/40 $0.00125/Pv On 11,198.43 Pv Due 9/20/22 38378JZD7 09/20/22 Paid Down 466.22 Par Value Of 466.22 - 460.39 G N M A Gtd Remic 1.500% 12/20/40 Trade Date 9/20/22 38378JZD7 00- -M -PF-PC -274-04 02695804 26958 Page 20 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 32 09/20/22 Interest Earned On 88.64 G N M A Gtd Remic 2.500% 7/20/41 $0.00208/Pv On 42,545.88 Pv Due 9/20/22 38378TAF7 09/20/22 Paid Down 1,214.51 Par Value Of 1,214.51 G N M A Gtd Remic 2.500% 7/20/41 Trade Date 9/20/22 38378TAF7 09/20/22 Interest Earned On 106.58 G N M A Gtd Remic 3.000% 4/20/46 $0.00250/Pv On 42,630.53 Pv Due 9/20/22 38380AZ34 09/20/22 Amortized Premium On - 4.73 G N M A Gtd Remic 3.000% 4/20/46 Fed Basis Decreased By 4.73 USD To 42,990.84 USD 9/20/22 Current Year Amortization 38380AZ34 09/20/22 Paid Down 853.65 Par Value Of 853.65 - 860.86 G N M A Gtd Remic 3.000% 4/20/46 Trade Date 9/20/22 38380AZ34 09/20/22 Interest Earned On 43.39 G N M A Gtd Remic 3.000% 11/20/45 $0.00250/Pv On 17,354.26 Pv Due 9/20/22 38381AZ58 09/20/22 Amortized Premium On - 1.50 G N M A Gtd Remic 3.000% 11/20/45 Fed Basis Decreased By 1.50 USD To 17,443.62 USD 9/20/22 Current Year Amortization 38381AZ58 09/20/22 Paid Down 1,102.03 Par Value Of 1,102.03 - 1,107.70 G N M A Gtd Remic 3.000% 11/20/45 Trade Date 9/20/22 38381AZ58 09/20/22 Amortized Premium On - 18.75 G N M A I I #005276 3.000% 1/20/27 Fed Basis Decreased By 18.75 USD To 53,014.33 USD 9/20/22 Current Year Amortization 36202F2H8 09/20/22 Paid Down 1,516.49 Par Value Of 1,516.49 - 1,529.21 G N M A I I #005276 3.000% 1/20/27 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36202F2H8 09/20/22 Interest Earned On 131.45 G N M A I I #005276 3.000% 1/20/27 August GNMA Due 9/20/22 36202F2H8 00- -M -PF-PC -274-04 02695804 26958 Page 21 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 33 1010101010101010101010110110110000000011101011010000100100001001010101000000011111100000110001001010110001011111000001011001001000001111010010010101100010101011110010000010111001101100111001001110010110000000111001001000101010001111100011011000001101101001110010100111111111101111100010101111111001001000011101101001110110110110110010111000110110010100010001011011100000101001101011111111111111111111 09/20/22 Amortized Premium On - 18.06 G N M A I I #Ma0909 3.000% 4/20/28 Fed Basis Decreased By 18.06 USD To 18,873.19 USD 9/20/22 Current Year Amortization 36179NAJ7 09/20/22 Paid Down 620.56 Par Value Of 620.56 - 636.98 G N M A I I #Ma0909 3.000% 4/20/28 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36179NAJ7 09/20/22 Interest Earned On 45.97 G N M A I I #Ma0909 3.000% 4/20/28 August GNMA Due 9/20/22 36179NAJ7 09/20/22 Amortized Premium On - 24.20 G N M A I I #005300 3.000% 2/20/27 Fed Basis Decreased By 24.20 USD To 29,100.88 USD 9/20/22 Current Year Amortization 36202F3H7 09/20/22 Paid Down 901.06 Par Value Of 901.06 - 919.79 G N M A I I #005300 3.000% 2/20/27 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36202F3H7 09/20/22 Interest Earned On 71.27 G N M A I I #005300 3.000% 2/20/27 August GNMA Due 9/20/22 36202F3H7 09/20/22 Cash Disbursement - 728.27 Transfer To Principal Income Earnings 09/20/22 Cash Receipt 728.27 Transfer From Income Income Earnings 09/20/22 Purchased 12,728.14 Units Of - 12,728.14 12,728.14 First Am Govt Ob Fd Cl D Trade Date 9/20/22 31846V401 09/21/22 Cash Disbursement - 338.92 Transfer To Principal Income Earnings 09/21/22 Cash Receipt 338.92 Transfer From Income Income Earnings 00- -M -PF-PC -274-04 02695804 26958 Page 22 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 34 09/23/22 Purchased 75,000 Par Value Of - 73,924.81 73,924.81 F H L M C Mltcl Mt 3.750% 8/25/25 Trade Date 9/20/22 Purchased Through Toronto Dominion Securities (U Swift External Ref#: 00600600005940A 75,000 Par Value At 98.56641333 % 3137FJXQ7 09/23/22 Paid Accrued Interest On Purchase Of - 171.88 F H L M C Mltcl Mt 3.750% 8/25/25 Income Debit 171.88- USD 3137FJXQ7 09/23/22 Sold 74,096.69 Units Of 74,096.69 - 74,096.69 First Am Govt Ob Fd Cl D Trade Date 9/23/22 31846V401 09/26/22 Accreted Discount On 0.39 F N M A #Al3382 2.398% 3/01/23 Fed Basis Increased By 0.39 USD To 79,870.43 USD 9/26/22 Market Discount 3138EKXL4 09/26/22 Accreted Discount On 0.21 F N M A #Al3382 2.398% 3/01/23 Fed Basis Increased By 0.21 USD To 33,668.75 USD 9/26/22 Market Discount 3138EKXL4 09/26/22 Accreted Discount On 0.20 F N M A #Al3382 2.398% 3/01/23 Fed Basis Increased By 0.20 USD To 30,115.34 USD 9/26/22 Market Discount 3138EKXL4 09/26/22 Paid Down 52,047.35 Par Value Of 52,047.35 - 52,045.68 F N M A #Al3382 2.398% 3/01/23 P & I Due 09/25/22 3138EKXL4 09/26/22 Interest Earned On 164.38 F N M A #Al3382 2.398% 3/01/23 P & I Due 09/25/22 3138EKXL4 09/26/22 Accreted Discount On 21.52 F N M A #An1613 2.550% 7/01/26 Fed Basis Increased By 21.52 USD To 43,001.22 USD 9/26/22 Market Discount 3138LDYK3 09/26/22 Paid Down 90.19 Par Value Of 90.19 - 88.23 F N M A #An1613 2.550% 7/01/26 P & I Due 09/25/22 3138LDYK3 00- -M -PF-PC -274-04 02695804 26958 Page 23 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 35 1010101010101010101010110110110000000011101011010000100100001001010100110001111111100000110001010010110001011111000101011001001000001000010010010100100001010111110010000011011110001100111000111010010110000000111100000000101010000011101001011000001100111101110010100110100010010111100011100011101000001001011000001111100110110100100010011110110111100100101101011011101100101011101011111111111111111111 09/26/22 Interest Earned On 96.52 F N M A #An1613 2.550% 7/01/26 P & I Due 09/25/22 3138LDYK3 09/26/22 Interest Earned On 21.39 F N M A #Bm6007 2.596% 6/01/49 Int Due 9/25/22 3140JAU97 09/26/22 Interest Earned On 0.32 F N M A Gtd Remic 3.021% 8/25/24 Penalty Payment 3136ALYF2 09/26/22 Interest Earned On 2.52 F N M A Gtd Remic 2.702% 2/25/26 Penalty Payment 3136ARTE8 09/26/22 Amortized Premium On - 303.94 F H L M C Mltcl Mt 2.905% 4/25/24 Fed Basis Decreased By 303.94 USD To 318,556.34 USD 9/25/22 Current Year Amortization 3137BYPQ7 09/26/22 Interest Earned On 819.78 F H L M C Mltcl Mt 2.905% 4/25/24 $0.00262/Pv On 312,780.58 Pv Due 9/25/22 3137BYPQ7 09/26/22 Paid Down 11,727.73 Par Value Of 11,727.73 - 11,944.29 F H L M C Mltcl Mt 2.905% 4/25/24 Trade Date 9/25/22 3137BYPQ7 09/26/22 Interest Earned On 101.26 F H L M C Mltcl Mt 3.284% 6/25/25 0.002737 USD/$1 Pv On 37,000 Par Value Due 9/25/22 3137BLAC2 09/26/22 Interest Earned On 105.34 F H L M C Mltcl Mt 3.320% 2/25/23 $0.00277/Pv On 38,073.56 Pv Due 9/25/22 3137B36J2 09/26/22 Amortized Premium On - 43.08 F H L M C Mltcl Mt 3.320% 2/25/23 Fed Basis Decreased By 43.08 USD To 38,179.86 USD 9/25/22 Current Year Amortization 3137B36J2 09/26/22 Paid Down 830.81 Par Value Of 830.81 - 833.13 F H L M C Mltcl Mt 3.320% 2/25/23 Trade Date 9/25/22 3137B36J2 00- -M -PF-PC -274-04 02695804 26958 Page 24 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 36 09/26/22 Interest Earned On 271.77 F H L M C Mltcl Mt 2.522% 1/25/23 $0.00210/Pv On 129,312.90 Pv Due 9/25/22 3137B1U75 09/26/22 Amortized Premium On - 67.34 F H L M C Mltcl Mt 2.522% 1/25/23 Fed Basis Decreased By 67.34 USD To 131,474.30 USD 9/25/22 Current Year Amortization 3137B1U75 09/26/22 Paid Down 54,577.95 Par Value Of 54,577.95 - 55,490.19 F H L M C Mltcl Mt 2.522% 1/25/23 Trade Date 9/25/22 3137B1U75 09/26/22 Amortized Premium On - 308.09 F H L M C Mltcl Mtg 2.637% 1/25/23 Fed Basis Decreased By 308.09 USD To 226,380.52 USD 9/25/22 Current Year Amortization 3137B1UG5 09/26/22 Interest Earned On 482.52 F H L M C Mltcl Mtg 2.637% 1/25/23 $0.00220/Pv On 219,576.93 Pv Due 9/25/22 3137B1UG5 09/26/22 Paid Down 23,168.99 Par Value Of 23,168.99 - 23,886.88 F H L M C Mltcl Mtg 2.637% 1/25/23 Trade Date 9/25/22 3137B1UG5 09/26/22 Interest Earned On 1.87 F H L M C Mltcl Mtg 2.778% 9/25/22 $0.00232/Pv On 0.00 Pv Due 9/25/22 3137B3NW4 09/26/22 Interest Earned On 403.96 F H L M C Mltcl Mt 2.76996% 5/25/25 $0.00231/Pv On 175,000.00 Pv Due 9/25/22 3137BJQ71 09/26/22 Interest Earned On 41.61 F H L M C Mltcl Mtg 3.329% 5/25/25 $0.00277/Pv On 15,000.00 Pv Due 9/25/22 3137BKRJ1 09/26/22 Interest Earned On 324.46 F H L M C Mltcl Mtg 2.802% 1/25/25 $0.00234/Pv On 138,954.37 Pv Due 9/25/22 3137BLW87 09/26/22 Amortized Premium On - 153.14 F H L M C Mltcl Mtg 2.802% 1/25/25 Fed Basis Decreased By 153.14 USD To 143,202.70 USD 9/25/22 Current Year Amortization 3137BLW87 00- -M -PF-PC -274-04 02695804 26958 Page 25 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 37 1010101010101010101010110110111000000011101011010100100100001001010101010001111111100000110001001010110001011111011101011001001000001010100010010011100110010001110010000010100011101100111001111001010110000000111100011000101010000110111101011000001011011001010010100111010011001011100010100110101100001000011011111000000110100111000001010110110110100101100111011011100010101011001011111111111111111111 09/26/22 Paid Down 4,068.27 Par Value Of 4,068.27 - 4,192.65 F H L M C Mltcl Mtg 2.802% 1/25/25 Trade Date 9/25/22 3137BLW87 09/26/22 Interest Earned On 156.43 F H L M C Mltcl Mtg 3.413% 12/25/26 $0.00284/Pv On 55,000.00 Pv Due 9/25/22 3137BUX60 09/26/22 Interest Earned On 97.02 F H L M C Mltcl Mt 0.52896% 9/25/24 $0.00243/Pv On 39,870.52 Pv Due 9/25/22 3137F4CY6 09/26/22 Amortized Premium On - 54.83 F H L M C Mltcl Mt 0.52896% 9/25/24 Fed Basis Decreased By 54.83 USD To 41,640.97 USD 9/25/22 Current Year Amortization 3137F4CY6 09/26/22 Paid Down 15.74 Par Value Of 15.74 - 16.44 F H L M C Mltcl Mt 0.52896% 9/25/24 Trade Date 9/25/22 3137F4CY6 09/26/22 Interest Earned On 65.61 F H L M C Mltcl Mtg 2.951% 2/25/24 $0.00246/Pv On 26,681.03 Pv Due 9/25/22 3137FCM35 09/26/22 Amortized Premium On - 7.86 F H L M C Mltcl Mtg 2.951% 2/25/24 Fed Basis Decreased By 7.86 USD To 26,812.29 USD 9/25/22 Current Year Amortization 3137FCM35 09/26/22 Paid Down 908.16 Par Value Of 908.16 - 912.63 F H L M C Mltcl Mtg 2.951% 2/25/24 Trade Date 9/25/22 3137FCM35 09/26/22 Interest Earned On 697.92 F H L M C Mltcl Mt 0.40248% 1/25/28 $0.00279/Pv On 250,000.00 Pv Due 9/25/22 3137FETN0 09/26/22 Interest Earned On 206.41 F H L M C Mltcl 2.07452% 8/26/24 $0.00173/Pv On 119,398.09 Pv Due 9/25/22 3137FYUR5 09/26/22 Purchased 151,496.28 Units Of - 151,496.28 151,496.28 First Am Govt Ob Fd Cl D Trade Date 9/26/22 31846V401 00- -M -PF-PC -274-04 02695804 26958 Page 26 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 38 09/26/22 Interest Earned On 30.83 F N M A Gtd Remic 1.500% 9/25/27 $0.00125/Pv On 24,662.60 Pv Due 9/25/22 3136A8SX9 09/26/22 Amortized Premium On - 9.26 F N M A Gtd Remic 1.500% 9/25/27 Fed Basis Decreased By 9.26 USD To 24,916.07 USD 9/25/22 Current Year Amortization 3136A8SX9 09/26/22 Paid Down 792.87 Par Value Of 792.87 - 801.02 F N M A Gtd Remic 1.500% 9/25/27 Trade Date 9/25/22 3136A8SX9 09/26/22 Interest Earned On 44.08 F N M A Gtd Remic 2.000% 11/25/42 $0.00167/Pv On 26,449.53 Pv Due 9/25/22 3136ABNZ2 09/26/22 Amortized Premium On - 4.60 F N M A Gtd Remic 2.000% 11/25/42 Fed Basis Decreased By 4.60 USD To 26,843.25 USD 9/25/22 Current Year Amortization 3136ABNZ2 09/26/22 Paid Down 483.77 Par Value Of 483.77 - 490.97 F N M A Gtd Remic 2.000% 11/25/42 Trade Date 9/25/22 3136ABNZ2 09/26/22 Interest Earned On 40.17 F N M A Gtd Remic 2.672% 3/25/23 $0.00223/Pv On 18,042.26 Pv Due 9/25/22 3136AC7J4 09/26/22 Paid Down 755.11 Par Value Of 755.11 - 747.21 F N M A Gtd Remic 2.672% 3/25/23 Trade Date 9/25/22 3136AC7J4 09/26/22 Interest Earned On 8.05 F N M A Gtd Remic 1.500% 4/25/23 $0.00125/Pv On 6,441.17 Pv Due 9/25/22 3136ADFF1 09/26/22 Paid Down 1,113.59 Par Value Of 1,113.59 - 1,097.58 F N M A Gtd Remic 1.500% 4/25/23 Trade Date 9/25/22 3136ADFF1 09/26/22 Interest Earned On 41.22 F N M A Gtd Remic 1.750% 7/25/28 $0.00146/Pv On 28,267.08 Pv Due 9/25/22 3136AEY84 00- -M -PF-PC -274-04 02695804 26958 Page 27 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 39 1010101010101010101010110110111000000011101011010100100100001001010101000000011111100000110001001110110001011111001110011001001000001101010010010010100001101111110010000011111001001100111001010011110110000000101100111000101010010111011101011000001011111111010010100100010111111011100011100010001001001001011010111110101110110111101000100000110111000101111001011011101100101000101011111111111111111111 09/26/22 Amortized Premium On - 10.64 F N M A Gtd Remic 1.750% 7/25/28 Fed Basis Decreased By 10.64 USD To 28,600.40 USD 9/25/22 Current Year Amortization 3136AEY84 09/26/22 Paid Down 643.67 Par Value Of 643.67 - 651.26 F N M A Gtd Remic 1.750% 7/25/28 Trade Date 9/25/22 3136AEY84 09/26/22 Interest Earned On 20.81 F N M A Gtd Remic 2.623% 4/25/23 $0.00224/Pv On 9,302.14 Pv Due 9/25/22 3136AHAE0 09/26/22 Amortized Premium On - 2.63 F N M A Gtd Remic 2.623% 4/25/23 Fed Basis Decreased By 2.63 USD To 9,323.68 USD 9/25/22 Current Year Amortization 3136AHAE0 09/26/22 Paid Down 1.58 Par Value Of 1.58 - 1.58 F N M A Gtd Remic 2.623% 4/25/23 Trade Date 9/25/22 3136AHAE0 09/26/22 Interest Earned On 46.36 F N M A Gtd Remic 3.021% 8/25/24 $0.00252/Pv On 18,414.51 Pv Due 9/25/22 3136ALYF2 09/26/22 Paid Down 1,062.2 Par Value Of 1,062.20 - 1,059.09 F N M A Gtd Remic 3.021% 8/25/24 Trade Date 9/25/22 3136ALYF2 09/26/22 Interest Earned On 316.72 F N M A Gtd Remic 2.702% 2/25/26 $0.00225/Pv On 140,659.17 Pv Due 9/25/22 3136ARTE8 09/26/22 Paid Down 5,883.68 Par Value Of 5,883.68 - 5,812.89 F N M A Gtd Remic 2.702% 2/25/26 Trade Date 9/25/22 3136ARTE8 09/26/22 Interest Earned On 200.72 F N M A Gtd Remic 2.70674% 6/25/25 $0.00233/Pv On 86,236.17 Pv Due 9/25/22 3136AQHL7 09/26/22 Paid Down 111.66 Par Value Of 111.66 - 110.33 F N M A Gtd Remic 2.70674% 6/25/25 Trade Date 9/25/22 3136AQHL7 00- -M -PF-PC -274-04 02695804 26958 Page 28 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 40 09/26/22 Accreted Discount On 9.54 F H L M C #Zs8585 3.000% 10/01/30 Fed Basis Increased By 9.54 USD To 27,741.96 USD 9/26/22 Market Discount 3132A9RE9 09/26/22 Paid Down 530.49 Par Value Of 530.49 - 523.54 F H L M C #Zs8585 3.000% 10/01/30 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132A9RE9 09/26/22 Interest Earned On 70.28 F H L M C #Zs8585 3.000% 10/01/30 August FHLMC Due 9/25/22 3132A9RE9 09/26/22 Amortized Premium On - 98.82 F H L M C #Zs8063 2.500% 9/01/32 Fed Basis Decreased By 98.82 USD To 137,713.74 USD 9/25/22 Current Year Amortization 3132A85Y1 09/26/22 Paid Down 2,621.98 Par Value Of 2,621.98 - 2,712.54 F H L M C #Zs8063 2.500% 9/01/32 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132A85Y1 09/26/22 Interest Earned On 277.33 F H L M C #Zs8063 2.500% 9/01/32 August FHLMC Due 9/25/22 3132A85Y1 09/26/22 Amortized Premium On - 301.41 F H L M C #Zt1963 3.500% 11/01/30 Fed Basis Decreased By 301.41 USD To 268,342.50 USD 9/25/22 Current Year Amortization 3132AEFC5 09/26/22 Paid Down 6,217.82 Par Value Of 6,217.82 - 6,492.86 F H L M C #Zt1963 3.500% 11/01/30 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132AEFC5 09/26/22 Interest Earned On 749.51 F H L M C #Zt1963 3.500% 11/01/30 August FHLMC Due 9/25/22 3132AEFC5 09/26/22 Amortized Premium On - 66.15 F H L M C #Zt1970 3.500% 4/01/33 Fed Basis Decreased By 66.15 USD To 53,989.77 USD 9/25/22 Current Year Amortization 3132AEFK7 00- -M -PF-PC -274-04 02695804 26958 Page 29 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 41 1010101010101010101010110110111000000011101011010100100100001001010100110000111111100000110001000010110001011111010100011001001000001011110010010001100110010111110010000010001110001100111000010101010110000000101000000000101010010001110111011000001110111000110010100011101110011011100011011110010100001001000000011111011110111110011010111100110010101100001111011011100100101011101011111111111111111111 09/26/22 Paid Down 911.78 Par Value Of 911.78 - 964.78 F H L M C #Zt1970 3.500% 4/01/33 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132AEFK7 09/26/22 Interest Earned On 148.82 F H L M C #Zt1970 3.500% 4/01/33 August FHLMC Due 9/25/22 3132AEFK7 09/26/22 Accreted Discount On 41.64 F H L M C #Sb8026 2.500% 12/01/34 Fed Basis Increased By 41.64 USD To 46,503.35 USD 9/26/22 Market Discount 3132D54K5 09/26/22 Paid Down 703.77 Par Value Of 703.77 - 671.25 F H L M C #Sb8026 2.500% 12/01/34 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132D54K5 09/26/22 Interest Earned On 101.58 F H L M C #Sb8026 2.500% 12/01/34 August FHLMC Due 9/25/22 3132D54K5 09/26/22 Amortized Premium On - 31.47 F N M A #Bl1077 4.000% 12/01/28 Fed Basis Decreased By 31.47 USD To 39,328.01 USD 9/25/22 Current Year Amortization 3140HSFT3 09/26/22 Paid Down 48.68 Par Value Of 48.68 - 50.47 F N M A #Bl1077 4.000% 12/01/28 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140HSFT3 09/26/22 Interest Earned On 130.66 F N M A #Bl1077 4.000% 12/01/28 August FNMA Due 9/25/22 3140HSFT3 09/26/22 Accreted Discount On 0.70 F N M A #Bm1757 2.413% 4/01/23 Fed Basis Increased By 0.70 USD To 24,194.87 USD 9/26/22 Market Discount 3140J55T2 09/26/22 Paid Down 6,604.75 Par Value Of 6,604.75 - 6,603.58 F N M A #Bm1757 2.413% 4/01/23 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140J55T2 00- -M -PF-PC -274-04 02695804 26958 Page 30 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 42 09/26/22 Interest Earned On 50.28 F N M A #Bm1757 2.413% 4/01/23 August FNMA Due 9/25/22 3140J55T2 09/26/22 Amortized Premium On - 24.02 F N M A #Al5851 3.500% 10/01/29 Fed Basis Decreased By 24.02 USD To 18,184.92 USD 9/25/22 Current Year Amortization 3138ENQD4 09/26/22 Paid Down 462.41 Par Value Of 462.41 - 483.92 F N M A #Al5851 3.500% 10/01/29 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3138ENQD4 09/26/22 Interest Earned On 50.68 F N M A #Al5851 3.500% 10/01/29 August FNMA Due 9/25/22 3138ENQD4 09/26/22 Amortized Premium On - 75.86 F N M A #Al8561 3.500% 6/01/31 Fed Basis Decreased By 75.86 USD To 58,161.60 USD 9/25/22 Current Year Amortization 3138ETQP4 09/26/22 Paid Down 1,353.97 Par Value Of 1,353.97 - 1,427.17 F N M A #Al8561 3.500% 6/01/31 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3138ETQP4 09/26/22 Interest Earned On 160.94 F N M A #Al8561 3.500% 6/01/31 August FNMA Due 9/25/22 3138ETQP4 09/26/22 Amortized Premium On - 118.28 F N M A #Ma2803 2.500% 11/01/31 Fed Basis Decreased By 118.28 USD To 145,859.08 USD 9/25/22 Current Year Amortization 31418CDH4 09/26/22 Paid Down 2,689.63 Par Value Of 2,689.63 - 2,788.63 F N M A #Ma2803 2.500% 11/01/31 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418CDH4 09/26/22 Interest Earned On 293.08 F N M A #Ma2803 2.500% 11/01/31 August FNMA Due 9/25/22 31418CDH4 00- -M -PF-PC -274-04 02695804 26958 Page 31 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 43 1010101010101010101010110110111000000011101011010100100100001001010100100001011111100000110001000110110001011111000111011001001000001100000010010000100001101001110010000011010100101100111000111111110110000000111000100000101010000000010111011000001110011110110010100000101010101011100010011010110001001000000001011001110110101110110011001010110011001100010001011011101010101000001011111111111111111111 09/26/22 Amortized Premium On - 53.34 F N M A #As4860 2.500% 5/01/30 Fed Basis Decreased By 53.34 USD To 62,879.49 USD 9/25/22 Current Year Amortization 3138WEMJ5 09/26/22 Paid Down 1,441.65 Par Value Of 1,441.65 - 1,489.72 F N M A #As4860 2.500% 5/01/30 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3138WEMJ5 09/26/22 Interest Earned On 126.77 F N M A #As4860 2.500% 5/01/30 August FNMA Due 9/25/22 3138WEMJ5 09/26/22 Amortized Premium On - 48.38 F N M A #Al7688 3.500% 11/01/30 Fed Basis Decreased By 48.38 USD To 39,833.68 USD 9/25/22 Current Year Amortization 3138EQRJ3 09/26/22 Paid Down 981.53 Par Value Of 981.53 - 1,028.23 F N M A #Al7688 3.500% 11/01/30 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3138EQRJ3 09/26/22 Interest Earned On 110.91 F N M A #Al7688 3.500% 11/01/30 August FNMA Due 9/25/22 3138EQRJ3 09/26/22 Amortized Premium On - 44.71 F N M A #Bm3956 3.000% 12/01/32 Fed Basis Decreased By 44.71 USD To 46,038.40 USD 9/25/22 Current Year Amortization 3140J8ME0 09/26/22 Paid Down 814.32 Par Value Of 814.32 - 852.96 F N M A #Bm3956 3.000% 12/01/32 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140J8ME0 09/26/22 Interest Earned On 109.88 F N M A #Bm3956 3.000% 12/01/32 August FNMA Due 9/25/22 3140J8ME0 09/26/22 Accreted Discount On 22.37 F N M A #Ma4112 3.000% 8/01/35 Fed Basis Increased By 22.37 USD To 56,880.17 USD 9/26/22 Market Discount 31418DSA1 00- -M -PF-PC -274-04 02695804 26958 Page 32 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 44 09/26/22 Paid Down 978.91 Par Value Of 978.91 - 961.88 F N M A #Ma4112 3.000% 8/01/35 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418DSA1 09/26/22 Interest Earned On 144.72 F N M A #Ma4112 3.000% 8/01/35 August FNMA Due 9/25/22 31418DSA1 09/26/22 Amortized Premium On - 131.56 F N M A #Fm6017 3.000% 2/01/35 Fed Basis Decreased By 131.56 USD To 139,762.71 USD 9/25/22 Current Year Amortization 3140X9VK8 09/26/22 Paid Down 2,215.26 Par Value Of 2,215.26 - 2,332.05 F N M A #Fm6017 3.000% 2/01/35 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140X9VK8 09/26/22 Interest Earned On 331.91 F N M A #Fm6017 3.000% 2/01/35 August FNMA Due 9/25/22 3140X9VK8 09/26/22 Amortized Premium On - 121.80 F N M A #Ma4309 2.000% 3/01/31 Fed Basis Decreased By 121.80 USD To 201,493.35 USD 9/25/22 Current Year Amortization 31418DYF3 09/26/22 Paid Down 3,142.08 Par Value Of 3,142.08 - 3,224.66 F N M A #Ma4309 2.000% 3/01/31 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418DYF3 09/26/22 Interest Earned On 327.22 F N M A #Ma4309 2.000% 3/01/31 August FNMA Due 9/25/22 31418DYF3 09/26/22 Purchased 56,923.55 Par Value Of - 52,245.14 52,245.14 F N M A #Bl5365 Trade Date 9/21/22 Purchased Through Brean Capital LLC Swift External Ref#: 00600600005960A 56,923.55 Par Value At 91.78124218 % 3140HW6B3 09/26/22 Paid Accrued Interest On Purchase Of - 83.41 F N M A #Bl5365 Income Debit 83.41- USD 3140HW6B3 00- -M -PF-PC -274-04 02695804 26958 Page 33 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 45 1010101010101010101010110110111000000011101011010100100100001001010100010001011111100000110001000010110001011111010101011001000100001001000010010111100101101001110010000011100011001100111000011101110110000000111101100000101010010000100111011000001010111101110010100111011000011111100010010110000100001001101101100001010110100101100011100110110110011100100111011011101000101000101011111111111111111111 09/26/22 Purchased 28,956.77 Par Value Of - 27,029.34 27,029.34 F N M A Gtd Remic 2.639% 12/25/26 Trade Date 9/21/22 Purchased Through Millennium Advisors, LLC Swift External Ref#: 00600600005950C 28,956.77 Par Value At 93.3437518 % 3136AVY52 09/26/22 Paid Accrued Interest On Purchase Of - 53.09 F N M A Gtd Remic 2.639% 12/25/26 Income Debit 53.09- USD 3136AVY52 09/26/22 Amortized Premium On - 0.66 F H L M C Mltcl Mtg 2.778% 9/25/22 Fed Basis Decreased By 0.66 USD To 809.64 USD 9/25/22 Current Year Amortization 3137B3NW4 09/26/22 Matured 809.49 Par Value Of 809.49 - 809.64 F H L M C Mltcl Mtg 2.778% 9/25/22 Trade Date 9/25/22 809.49 Par Value At 100 % 3137B3NW4 09/26/22 Cash Disbursement - 3,625.15 Transfer To Principal Income Earnings 09/26/22 Cash Receipt 3,625.15 Transfer From Income Income Earnings 09/26/22 Sold 32,100.8 Units Of 32,100.80 - 32,100.80 First Am Govt Ob Fd Cl D Trade Date 9/26/22 31846V401 09/27/22 Interest Earned On 540.06 F H L M C Mltcl Mt 2.510% 11/25/22 $0.00209/Pv On 258,197.34 Pv Due 9/25/22 3137B1BS0 09/27/22 Amortized Premium On - 61.86 F H L M C Mltcl Mt 2.510% 11/25/22 Fed Basis Decreased By 61.86 USD To 260,075.06 USD 9/25/22 Current Year Amortization 3137B1BS0 09/27/22 Paid Down 34,010.35 Par Value Of 34,010.35 - 34,257.69 F H L M C Mltcl Mt 2.510% 11/25/22 Trade Date 9/25/22 3137B1BS0 09/27/22 Purchased 34,550.41 Units Of - 34,550.41 34,550.41 First Am Govt Ob Fd Cl D Trade Date 9/27/22 31846V401 00- -M -PF-PC -274-04 02695804 26958 Page 34 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 46 09/27/22 Purchased 50,000 Par Value Of - 48,171.88 48,171.88 F N M A #109412 3.680% 8/01/28 Trade Date 9/22/22 Purchased Through Brean Capital LLC Swift External Ref#: 00600600005970A 50,000 Par Value At 96.34376 % 313637N55 09/27/22 Paid Accrued Interest On Purchase Of - 132.89 F N M A #109412 3.680% 8/01/28 Income Debit 132.89- USD 313637N55 09/27/22 Cash Disbursement - 3,928.20 Transfer To Principal Income Earnings 09/27/22 Cash Receipt 3,928.20 Transfer From Income Income Earnings 09/27/22 Sold 48,304.77 Units Of 48,304.77 - 48,304.77 First Am Govt Ob Fd Cl D Trade Date 9/27/22 31846V401 09/28/22 Cash Disbursement - 540.06 Transfer To Principal Income Earnings 09/28/22 Cash Receipt 540.06 Transfer From Income Income Earnings 09/30/22 Sold 124,878.13 Units Of 124,878.13 - 124,878.13 First Am Govt Ob Fd Cl D Trade Date 9/30/22 31846V401 09/30/22 Interest Earned On 1,212.50 U S Treasury Nt 0.250% 9/30/25 0.00125 USD/$1 Pv On 970,000 Par Value Due 9/30/22 91282CAM3 09/30/22 Interest Earned On 912.50 U S Treasury Nt 0.500% 3/31/25 0.0025 USD/$1 Pv On 365,000 Par Value Due 9/30/22 912828ZF0 09/30/22 Cash Disbursement - 2,125.00 Transfer To Principal Income Earnings 09/30/22 Cash Receipt 2,125.00 Transfer From Income Income Earnings 09/30/22 Purchased 2,125 Units Of - 2,125.00 2,125.00 First Am Govt Ob Fd Cl D Trade Date 9/30/22 31846V401 00- -M -PF-PC -274-04 02695804 26958 Page 35 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 47 1010101010101010101010110110111000000011101011010100100100001001010100000000111111100000110001000110110001011111000110011001000100001110110010010110100010010111110010000010111001101100111000110111010110000000101101000000101010000001000111011000001010011011110010100100011100101111100011010010100001001000101100100111111110110101001010010000110111111100111001011011100110101011001011111111111111111111 09/30/22 Purchased 125,000 Par Value Of - 124,878.13 124,878.13 F H L B Disc Nts 10/13/22 Trade Date 9/30/22 Purchased Through Bny Capital Markets, Inc. Swift External Ref#: 00600600005990A 125,000 Par Value At 99.902504 % 313385K47 00- -M -PF-PC -274-04 02695804 26958 Page 36 of 56 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN BONDS 2013 SERIES A AND 2013 SERIES B 2013A AND B RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost Ending Balance 09/30/2022 $0.00 $0.00 $12,459,901.80 0215094-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 256350023 TRANSACTION DETAIL (continued) 48 1,025,000.000 Federal Home Loan Bks 1,024,149.25 1,024,000.63 2.8 0.10 Discount Note 99.9170 99.90 .00 313385K47 1,815,540.310 First American Government 1,815,540.31 1,815,540.31 5.0 44,717.12 Oblig Fd Cl Y 1.0000 1.00 2.46 31846V203 143,214.110 F H L M C Multiclass Mtg Partn 142,738.64 144,567.94 0.4 3,776.56 C M O Ser K027 Cl A2 99.6680 100.95 2.65 3137B1UG5 Standard & Poors Rating: N/A Moodys Rating: N/A 18,585.550 F N M A Partn Cert 18,548.94 18,576.84 0.1 444.38 Pool #Al3168 99.8030 99.95 2.40 3138EKQW8 Standard & Poors Rating: N/A Moodys Rating: N/A 133,162.390 F N M A Partn Cert 132,930.69 133,099.97 0.4 3,167.93 Pool #Al3251 99.8260 99.95 2.38 3138EKTH8 Standard & Poors Rating: N/A Moodys Rating: N/A 209,490.490 F H L M C Multiclass Mtg Partn 208,727.94 211,012.57 0.6 6,955.08 C M O Ser K029 Cl A2 99.6360 100.73 3.33 3137B36J2 Standard & Poors Rating: N/A Moodys Rating: N/A 117,160.460 F H L M C Multiclass Mtg Partn 116,585.20 118,075.77 0.3 2,818.88 C M O Ser K722 Cl A2 99.5090 100.78 2.42 3137BQBZ9 Standard & Poors Rating: AAA Moodys Rating: N/A 10/13/2022 #3763 2.637 01/25/2023 2.409 02/01/2023 2.366 02/01/2023 3.320 02/25/2023 2.406 03/25/2023 7.8 $44,717.22 $2,839,689.56 $2,839,540.94 00- -M -PF-PC -274-01 00260201 2602 Page 3 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 Cash Equivalents Total Cash Equivalents US Government Issues ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 49 1010101010101010101010110110110101101011101001010010100100101001000100000001110110101011111001001010101011010000001011011001011100010110000010010011100111011111110001000010101010101100001001011010010110000000101100110000101010001001011000111000001000011111000010100011001101011111100010010101101100001001100111001001111110100101011111000110110001011110010111011011101010111010001011111111111111111111 52,215.570 F N M A Partn Cert 52,082.94 52,199.25 0.1 1,259.96 Pool #Bm1757 99.7460 99.97 2.42 3140J55T2 Standard & Poors Rating: N/A Moodys Rating: N/A 93,311.380 F H L M C Multiclass Mtg Partn 92,874.68 93,792.53 0.3 3,032.62 C M O Ser K030 Cl A2 99.5320 100.52 3.26 3137B3NA2 Standard & Poors Rating: N/A Moodys Rating: Aaa 112,948.870 F N M A Partn Cert 111,400.34 111,819.38 0.3 2,428.40 Pool #An1746 98.6290 99.00 2.18 3138LD5G4 Standard & Poors Rating: N/A Moodys Rating: N/A 4,125,000.000 U S Treasury Note 4,129,166.25 4,126,117.50 11.3 13,406.25 10/31/2023 Var 100.1010 100.03 .32 Standard & Poors Rating: N/A Moodys Rating: Aaa 377,181.160 F H L M C Multiclass Mtg Partn 368,445.64 376,488.69 1.0 10,957.11 C M O Ser K726 Cl A2 97.6840 99.82 2.97 3137BYPQ7 Standard & Poors Rating: AAA Moodys Rating: N/A 525,000.000 U S Treasury Note 490,360.50 522,662.11 1.3 1,312.50 0.250 06/15/2024 93.4020 99.55 .27 Standard & Poors Rating: N/A Moodys Rating: Aaa 62,216.120 F N M A Gtd R E M I C Pass Thru 60,518.86 61,943.93 0.2 1,930.57 C M O Ser 2014 M9 Cl A2 97.2720 99.56 3.19 3136AKXV0 Standard & Poors Rating: N/A Moodys Rating: N/A 72,301.300 F N M A Gtd R E M I C Pass Thru 70,355.67 72,089.49 0.2 2,184.22 C M O Ser 2014 M13 Cl A2 97.3090 99.71 3.10 3136ALYF2 Standard & Poors Rating: N/A Moodys Rating: N/A 2.493 04/01/2023 04/25/2023 Var 2.150 09/01/2023 91282CDE8 2.905 04/25/2024 91282CCG4 07/25/2024 Var 3.021 08/25/2024 00- -M -PF-PC -274-01 00260201 2602 Page 4 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 50 205,000.000 F H L M C M T N 202,138.20 205,000.00 0.6 8,200.00 4.000 12/30/2024 98.6040 100.00 4.06 Standard & Poors Rating: AA+ Moodys Rating: Aaa 116,901.280 F H L M C Multiclass Mtg Partn 114,218.40 116,499.45 0.3 3,275.57 C M O Ser K050 Cl A1 97.7050 99.66 2.87 3137BLW87 Standard & Poors Rating: N/A Moodys Rating: N/A 347,340.300 F H L M C Multiclass Mtg Partn 339,681.45 349,714.69 0.9 12,504.25 C M O Ser K731 Cl A2 97.7950 100.68 3.68 3137F4WZ1 Standard & Poors Rating: N/A Moodys Rating: N/A 410,000.000 Federal Home Loan Bks 387,905.10 410,000.00 1.1 9,020.00 2.200 02/28/2025 94.6110 100.00 2.32 Standard & Poors Rating: AA+ Moodys Rating: Aaa 109,702.960 F H L M C Multiclass Mtg Partn 107,127.13 108,678.79 0.3 3,167.12 C M O Ser K 051 Cl A 1 97.6520 99.07 2.96 3137BM7B6 Standard & Poors Rating: N/A Moodys Rating: N/A 1,250,000.000 U S Treasury Note 1,184,037.50 1,273,691.74 3.3 26,562.50 2.125 05/15/2025 94.7230 101.90 2.24 Standard & Poors Rating: N/A Moodys Rating: Aaa 35,000.000 F H L M C Multiclass Mtg Partn 33,874.40 34,870.12 0.1 1,165.15 C M O Ser K047 Cl A2 96.7840 99.63 3.44 3137BKRJ1 Standard & Poors Rating: N/A Moodys Rating: N/A 215,000.000 F H L M C Multiclass Mtg Partn 207,776.00 210,364.06 0.6 7,060.60 C M O Ser K048 Cl A2 96.6400 97.84 3.40 3137BLAC2 Standard & Poors Rating: N/A Moodys Rating: N/A 3134GXA61 2.802 01/25/2025 02/25/2025 Var 3130AR2C4 2.887 04/25/2025 912828XB1 3.329 05/25/2025 06/25/2025 Var 00- -M -PF-PC -274-01 00260201 2602 Page 5 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 51 1010101010101010101010110110110011101011101001010010100100101001000100000000110110101011101001010010101011001000011101011001011100010001110010010011100011111101110001000010001010101100001001111100010110000000111111011000101010011001010110111000001001101010110010100001100111010011100011011001110010001000110100000011101110111000100000100100110011110111101101011011101110101000101011111111111111111111 170,000.000 F H L M C Multiclass Mtg Partn 165,697.30 167,562.89 0.5 6,375.00 C M O Ser K733 Cl A2 97.4690 98.57 3.85 3137FJXQ7 Standard & Poors Rating: N/A Moodys Rating: N/A 375,000.000 F H L M C Multiclass Mtg Partn 361,496.25 370,250.00 1.0 12,405.15 C M O Ser 1484 Cl J 96.3990 98.73 3.43 3137BM7C4 Standard & Poors Rating: N/A Moodys Rating: N/A 300,000.000 F H L M C Multiclass Mtg Partn 287,466.00 298,675.78 0.8 9,452.88 C M O Ser K052 Cl A2 95.8220 99.56 3.29 3137BMTX4 Standard & Poors Rating: N/A Moodys Rating: N/A 350,000.000 F N M A Partn Cert 343,063.00 352,802.73 0.9 12,110.00 Pool #Bl1359 98.0180 100.80 3.53 3140HSQM6 Standard & Poors Rating: N/A Moodys Rating: N/A 375,000.000 F H L M C Multiclass Mtg Partn 359,902.50 372,128.91 1.0 2,776.50 C M O Ser Kbx1 Cl A2 95.9740 99.23 .77 3137F4CZ3 Standard & Poors Rating: N/A Moodys Rating: N/A 88,162.140 F N M A Partn Cert 83,938.29 87,445.83 0.2 2,750.66 Pool #An0992 95.2090 99.19 3.28 3138LDC68 Standard & Poors Rating: N/A Moodys Rating: N/A 449,251.600 F N M A Gtd R E M I C Pass Thru 422,804.16 440,898.34 1.2 12,138.78 C M O Ser 2016 M3 Cl A2 94.1130 98.14 2.87 3136ARTE8 Standard & Poors Rating: N/A Moodys Rating: N/A 372,857.570 F N M A Partn Cert 347,876.11 364,147.85 1.0 9,507.87 Pool #An1613 93.3000 97.66 2.73 3138LDYK3 Standard & Poors Rating: N/A Moodys Rating: N/A 08/25/2025 Var 3.308 09/25/2025 3.151 11/25/2025 3.460 01/01/2026 2.920 01/25/2026 3.120 02/01/2026 2.702 02/25/2026 2.550 07/01/2026 00- -M -PF-PC -274-01 00260201 2602 Page 6 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 52 30,102.190 F H L M C Multiclass Mtg Partn 29,516.10 30,600.04 0.1 602.04 C M O Ser 4272 Cl Yg 98.0530 101.65 2.04 3137B6DF5 Standard & Poors Rating: N/A Moodys Rating: N/A 500,000.000 F H L M C Multiclass Mtg Partn 477,880.00 501,484.38 1.3 17,065.00 C M O Ser K062 Cl A2 95.5760 100.30 3.57 3137BUX60 Standard & Poors Rating: N/A Moodys Rating: N/A 398,155.650 F N M A Gtd R E M I C Pass Thru 368,166.57 382,680.47 1.0 10,507.33 C M O Ser 2017 M4 Cl A2 92.4680 96.11 2.85 3136AVY52 Standard & Poors Rating: N/A Moodys Rating: N/A 94,872.580 F N M A Partn Cert 85,964.99 87,075.24 0.2 2,001.81 Pool #Bl5365 90.6110 91.78 2.33 3140HW6B3 Standard & Poors Rating: N/A Moodys Rating: N/A 71,106.430 G N M A Pass Thru Cert 69,166.65 73,251.41 0.2 2,133.19 Pool #778953 97.2720 103.02 3.08 36176XE21 Standard & Poors Rating: N/A Moodys Rating: N/A 100,000.000 F H L M C Multiclass Mtg Partn 94,730.00 96,703.13 0.3 3,291.00 C M O Ser S8Fx Cl A2 94.7300 96.70 3.47 3137BXRT1 Standard & Poors Rating: N/A Moodys Rating: N/A 53,444.480 F H L M C Multiclass Mtg Partn 50,820.89 54,209.28 0.1 801.67 C M O Ser 4039 Cl Qb 95.0910 101.43 1.58 3137AQQE1 Standard & Poors Rating: N/A Moodys Rating: N/A 39,016.320 G N M A Gtd R E M I C Pass Thru 36,733.08 37,041.83 0.1 585.24 C M O Ser 2012 96 Cl Ad 94.1480 94.94 1.59 38378HAU0 Standard & Poors Rating: N/A Moodys Rating: N/A 2.000 11/15/2026 3.413 12/25/2026 12/25/2026 Var 2.110 02/01/2027 3.000 03/15/2027 3.291 03/25/2027 1.500 05/15/2027 1.500 08/20/2027 00- -M -PF-PC -274-01 00260201 2602 Page 7 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 53 1010101010101010101010110110110001101011101001010010100100101001000100000001010110101011011001010010101011000000011100011001011100010010110010010011100011001111110001000011111011001100001001101011110110000000100000111000101010011111011010111000001001011101010010100100101000000011100011111100100110001000111010110011010110110110010101011110110000111111000011011011101100011000101011111111111111111111 200,000.000 F H L M C Multiclass Mtg Partn 188,700.00 210,479.94 0.5 6,562.00 C M O Ser Kir3 Cl A2 94.3500 105.24 3.48 3137FBAJ5 Standard & Poors Rating: N/A Moodys Rating: N/A 117,457.080 F H L M C Multiclass Mtg Partn 113,405.99 127,624.21 0.3 3,261.83 C M O Ser Kir3 Cl A1 96.5510 108.66 2.88 3137FBAB2 Standard & Poors Rating: N/A Moodys Rating: N/A 45,211.890 F H L M C Multiclass Mtg Partn 44,501.16 45,960.48 0.1 1,130.30 C M O Ser 4328 Cl Ea 98.4280 101.66 2.54 3137B9RN7 Standard & Poors Rating: N/A Moodys Rating: N/A 45,325.650 G N M A I I Pass Thru Cert 43,808.15 46,921.44 0.1 1,359.77 Pool #Ma0602 96.6520 103.52 3.10 36179MU32 Standard & Poors Rating: N/A Moodys Rating: N/A 158,000.000 F H L M C Multiclass Mtg Partn 149,962.54 159,681.13 0.4 5,441.52 C M O Ser K072 Cl A2 94.9130 101.06 3.63 3137FEBQ2 Standard & Poors Rating: N/A Moodys Rating: N/A 750,000.000 F H L M C Multiclass Mtg Partn 708,330.00 740,156.25 1.9 3,018.60 C M O Ser K073 Cl A2 94.4440 98.69 .43 3137FETN0 Standard & Poors Rating: N/A Moodys Rating: N/A 75,221.900 G N M A I I Pass Thru Cert 71,811.34 77,807.76 0.2 1,880.55 Pool #Ma0908 95.4660 103.44 2.62 36179NAH1 Standard & Poors Rating: N/A Moodys Rating: N/A 117,640.100 G N M A I I Pass Thru Cert 113,860.32 116,426.95 0.3 3,529.20 Pool #Ma0909 96.7870 98.97 3.10 36179NAJ7 Standard & Poors Rating: N/A Moodys Rating: N/A 3.281 08/25/2027 3.038 08/25/2027 2.500 12/15/2027 3.000 12/20/2027 3.444 12/25/2027 3.350 01/25/2028 2.500 04/20/2028 3.000 04/20/2028 00- -M -PF-PC -274-01 00260201 2602 Page 8 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 54 62,121.850 F N M A Gtd R E M I C Pass Thru 58,431.81 62,730.44 0.2 776.52 C M O Ser 2013 27 Cl Ka 94.0600 100.98 1.33 3136ADZA0 Standard & Poors Rating: N/A Moodys Rating: N/A 82,114.150 G N M A I I Partn Cert 79,139.15 84,347.52 0.2 2,463.42 Pool #Ma1134 96.3770 102.72 3.11 36179NHK7 100,000.000 F N M A Partn Cert 95,951.00 96,343.75 0.3 3,680.00 Pool #109412 95.9510 96.34 3.83 313637N55 Standard & Poors Rating: N/A Moodys Rating: N/A 127,478.270 F H L M C Multiclass Mtg Partn 119,739.06 129,616.71 0.3 3,664.95 C M O Ser K095 Cl A1 93.9290 101.68 3.06 3137FNAD2 Standard & Poors Rating: N/A Moodys Rating: N/A 118,391.580 F N M A Partn Cert 115,316.95 122,840.51 0.3 4,735.66 Pool #Bl1077 97.4030 103.76 4.11 3140HSFT3 Standard & Poors Rating: N/A Moodys Rating: N/A 350,000.000 F H L M C Multiclass Mtg Partn 331,950.50 350,601.56 0.9 2,174.76 C M O Ser K089 Cl A2 94.8430 100.17 .65 3137FL6P4 Standard & Poors Rating: N/A Moodys Rating: N/A 172,970.110 F H L M C Multiclass Mtg Partn 159,212.07 174,011.42 0.4 3,905.67 C M O Ser K099 Cl A1 92.0460 100.60 2.45 3137FPJF3 Standard & Poors Rating: N/A Moodys Rating: N/A 173,360.810 F H L M C Multiclass Mtg Partn 158,798.50 173,806.58 0.4 4,354.75 C M O Ser K101 Cl A1 91.6000 100.26 2.74 3137FQ3Y7 Standard & Poors Rating: N/A Moodys Rating: N/A 1.250 04/25/2028 3.000 07/20/2028 3.680 08/01/2028 2.631 11/25/2028 4.000 12/01/2028 3.563 01/25/2029 2.258 06/25/2029 2.190 07/25/2029 00- -M -PF-PC -274-01 00260201 2602 Page 9 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 55 1010101010101010101010110110110111101011101001010010100100101001000100000001010110101010111001011110101011011000011001011001011100010100100010010011100000011101110001000011011011001100001001010010010110000000101011010000101010011000111000111000001101010111000010100010110010110011100010010010001100001001111000100100101110110000100111000110110101011100000101011011101111111010101011111111111111111111 381,472.060 F H L M C Multiclass Mtg Partn 375,830.09 387,566.67 1.0 15,045.41 C M O Ser K159 Cl A1 98.5210 101.60 4.00 3137FKKM7 Standard & Poors Rating: N/A Moodys Rating: N/A 55,744.910 F N M A Partn Cert 54,282.72 28,279.21 0.2 2,508.52 Pool #Ma0293 97.3770 50.73 4.62 31417YKF3 Standard & Poors Rating: N/A Moodys Rating: N/A 266,812.140 F H L M C Multiclass Mtg Partn 247,951.19 255,972.90 0.7 7,550.68 C M O Ser K152 Cl A1 92.9310 95.94 3.04 3137BPVM8 Standard & Poors Rating: N/A Moodys Rating: N/A 118,443.650 F H L M C Gold Partn Cert 111,988.47 117,111.16 0.3 3,553.31 Pool #G18561 94.5500 98.88 3.17 3128MMTT0 Standard & Poors Rating: N/A Moodys Rating: N/A 125,226.540 F H L M C Gold Partn Cert 118,206.34 132,895.19 0.3 3,756.80 Pool #J32243 94.3940 106.12 3.18 31307NP40 Standard & Poors Rating: N/A Moodys Rating: N/A 43,412.640 G N M A I I Partn Cert 41,259.37 45,391.90 0.1 1,519.44 Pool #Ma2936 95.0400 104.56 3.68 36179RHM4 Standard & Poors Rating: N/A Moodys Rating: N/A 118,787.210 F H L M C Gold Partn Cert 110,356.88 115,149.36 0.3 2,969.68 Pool #G18568 92.9030 96.94 2.69 3128MMT29 Standard & Poors Rating: N/A Moodys Rating: N/A 63,539.940 F H L M C Gold Partn Cert 60,076.38 62,656.34 0.2 1,906.20 Pool #G18569 94.5490 98.61 3.17 3128MMT37 Standard & Poors Rating: N/A Moodys Rating: N/A 3.950 12/25/2029 4.500 01/01/2030 2.830 05/25/2030 3.000 07/01/2030 3.000 07/01/2030 3.500 07/20/2030 2.500 09/01/2030 3.000 09/01/2030 00- -M -PF-PC -274-01 00260201 2602 Page 10 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 56 176,483.950 F H L M C Multiclass Mtg Partn 147,487.64 175,601.52 0.4 1,457.76 C M O Ser 2020 P003 Cl A1 83.5700 99.50 .99 3137FWHY9 Standard & Poors Rating: N/A Moodys Rating: N/A 91,933.330 F H L M C Partn Cert Mirror 86,593.84 90,640.52 0.2 2,758.00 Pool #Zs8585 94.1920 98.59 3.18 3132A9RE9 Standard & Poors Rating: N/A Moodys Rating: N/A 66,996.500 F H L M C Gold Partn Cert 62,241.09 69,727.26 0.2 1,674.91 Pool #G18571 92.9020 104.08 2.69 3128MMT52 Standard & Poors Rating: N/A Moodys Rating: N/A 114,831.200 F N M A Partn Cert Umbs 103,097.75 119,197.23 0.3 2,296.62 Pool #Ma4226 89.7820 103.80 2.23 31418DVU3 Standard & Poors Rating: N/A Moodys Rating: N/A 65,417.070 F H L M C Gold Partn Cert 60,771.15 67,705.80 0.2 1,635.43 Pool #G18586 92.8980 103.50 2.69 3128MMUL5 Standard & Poors Rating: N/A Moodys Rating: N/A 42,501.250 F N M A Partn Cert 39,433.93 41,093.40 0.1 1,062.53 Pool #Ma2803 92.7830 96.69 2.69 31418CDH4 Standard & Poors Rating: N/A Moodys Rating: N/A 45,761.390 F N M A Gtd R E M I C Pass Thru 42,820.31 47,000.98 0.1 915.23 C M O Ser 2015 89 Cl Ke 93.5730 102.71 2.14 3136AQZK9 Standard & Poors Rating: N/A Moodys Rating: N/A 93,939.370 F N M A Partn Cert Umbs 87,165.40 98,452.97 0.2 2,348.48 Pool #Fm1155 92.7890 104.80 2.69 3140X4H90 Standard & Poors Rating: N/A Moodys Rating: N/A 0.826 09/25/2030 3.000 10/01/2030 2.500 10/01/2030 2.000 12/01/2030 2.500 02/01/2031 2.500 11/01/2031 2.000 11/25/2031 2.500 06/01/2032 00- -M -PF-PC -274-01 00260201 2602 Page 11 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 57 1010101010101010101010110110110101101011101001010010100100101001000100000000010110101010101001001010101011010000000100011001011100010100010010010011100011110001110001000011110000101100001001001011110110000000111101000000101010010111101100111000001101011010100010100101000000010111100011001110101001001000001101011101111110110011110000101010110011111101001011011011100001101000101011111111111111111111 87,810.180 F H L M C Partn Cert Mirror 81,837.33 86,259.78 0.2 2,634.31 Pool #Zs8665 93.1980 98.23 3.22 3132A9TW7 Standard & Poors Rating: N/A Moodys Rating: N/A 60,063.080 F H L M C Partn Cert 55,731.93 58,129.80 0.2 1,501.58 Pool #Zs8063 92.7890 96.78 2.69 3132A85Y1 Standard & Poors Rating: N/A Moodys Rating: N/A 42,520.640 G N M A I I Partn Cert 40,418.84 44,684.92 0.1 1,488.22 Pool #Ma4691 95.0570 105.09 3.68 36179TF83 Standard & Poors Rating: N/A Moodys Rating: N/A 77,929.950 F H L M C Partn Cert Mirror 72,628.38 81,208.07 0.2 2,337.90 Pool #Zs8673 93.1970 104.21 3.22 3132A9T64 Standard & Poors Rating: N/A Moodys Rating: N/A 61,716.860 F N M A Partn Cert 57,514.56 65,121.17 0.2 1,851.51 Pool #Bm1978 93.1910 105.52 3.22 3140J6FU6 Standard & Poors Rating: N/A Moodys Rating: N/A 96,387.130 F H L M C Partn Cert 91,212.10 103,575.31 0.3 3,373.55 Pool #Zt1989 94.6310 107.46 3.70 3132AEF68 Standard & Poors Rating: N/A Moodys Rating: N/A 51,767.990 F H L M C Partn Cert Umbs 47,098.00 49,252.39 0.1 1,294.20 Pool #Sb8015 90.9790 95.14 2.75 3132D53Y6 Standard & Poors Rating: N/A Moodys Rating: N/A 49,284.200 F N M A Partn Cert 45,679.06 47,774.84 0.1 1,232.11 Pool #Fm3935 92.6850 96.94 2.70 3140X7LR8 Standard & Poors Rating: N/A Moodys Rating: N/A 3.000 07/01/2032 2.500 09/01/2032 3.500 09/20/2032 3.000 10/01/2032 3.000 10/01/2032 3.500 01/01/2033 2.500 11/01/2034 2.500 11/01/2034 00- -M -PF-PC -274-01 00260201 2602 Page 12 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 58 144,156.850 F H L M C Partn Cert Umbs 131,152.46 137,151.74 0.4 3,603.92 Pool #Sb8026 90.9790 95.14 2.75 3132D54K5 Standard & Poors Rating: N/A Moodys Rating: N/A 563,516.430 F N M A Partn Cert 535,673.08 558,794.80 1.5 19,723.08 Pool #Fm3340 95.0590 99.16 3.68 3140X6WA5 Standard & Poors Rating: N/A Moodys Rating: N/A 138,407.710 F N M A Partn Cert Umbs 122,112.97 142,809.82 0.3 2,768.15 Pool #Ma4074 88.2270 103.18 2.27 31418DQ47 Standard & Poors Rating: N/A Moodys Rating: N/A 55,531.510 F H L M C Partn Cert 48,993.79 51,505.47 0.1 1,110.63 Pool #Sb8057 88.2270 92.75 2.27 3132D55S7 Standard & Poors Rating: N/A Moodys Rating: N/A 82,673.540 F N M A Partn Cert 76,699.55 86,526.23 0.2 2,066.84 Pool #Fm3936 92.7740 104.66 2.69 3140X7LS6 Standard & Poors Rating: N/A Moodys Rating: N/A 170,726.120 F N M A Partn Cert Umbs 158,722.37 167,578.37 0.4 5,121.78 Pool #Ma4112 92.9690 98.16 3.23 31418DSA1 Standard & Poors Rating: N/A Moodys Rating: N/A 159,563.940 F H L M C Partn Cert 144,968.63 153,505.50 0.4 3,989.10 Pool #Sb8505 90.8530 96.20 2.75 3132D6NW6 Standard & Poors Rating: N/A Moodys Rating: N/A 136,006.910 F N M A Partn Cert Umbs 119,986.66 140,539.14 0.3 2,720.14 Pool #Ma4279 88.2210 103.33 2.27 31418DXH0 Standard & Poors Rating: N/A Moodys Rating: N/A 2.500 12/01/2034 3.500 05/01/2035 2.000 06/01/2035 2.000 08/01/2035 2.500 08/01/2035 3.000 08/01/2035 2.500 10/01/2035 2.000 03/01/2036 00- -M -PF-PC -274-01 00260201 2602 Page 13 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 59 1010101010101010101010110110110011101011101001010010100100101001000100000001110110101010011001000110101011001000001110011001011100010000010010010011100100001101110001000010001010101100001001100011110110000000100111011000101010001110111010111000001100010101010010100101010111101111100011111011000110001000100101011110000110100011101101011110110100111101010001011011101001011000001011111111111111111111 410,922.660 F N M A Partn Cert Umbs 362,499.53 384,212.70 1.0 8,218.45 Pool #Ma4497 88.2160 93.50 2.27 31418D7K2 Standard & Poors Rating: N/A Moodys Rating: N/A 167,221.800 F N M A Partn Cert Umbs 151,484.56 159,017.47 0.4 4,180.55 Pool #Ma4603 90.5890 95.09 2.76 31418EDH0 Standard & Poors Rating: N/A Moodys Rating: N/A 44,162.210 G N M A Gtd R E M I C Pass Thru 43,938.75 46,190.91 0.1 1,766.49 C M O Ser 2010 19 Cl Ua 99.4940 104.59 4.02 38376V2E6 Standard & Poors Rating: N/A Moodys Rating: N/A 59,811.110 G N M A Gtd R E M I C Pass Thru 59,036.56 49,802.62 0.2 2,392.44 C M O Ser 2010 15 Cl Pd 98.7050 83.27 4.05 38376WA62 Standard & Poors Rating: N/A Moodys Rating: N/A 36,850.020 G N M A Gtd R E M I C Pass Thru 36,361.02 35,698.46 0.1 737.00 C M O Ser 2011 136 Cl Ga 98.6730 96.88 2.03 38377YTL4 Standard & Poors Rating: N/A Moodys Rating: N/A 76,883.780 F N M A Gtd R E M I C Pass Thru 75,625.96 77,256.18 0.2 3,075.35 C M O Ser 2010 123 Cl Pm 98.3640 100.48 4.07 31398NY24 Standard & Poors Rating: N/A Moodys Rating: N/A 130,069.150 F H L M C Partn Cert 117,032.32 137,921.00 0.3 3,902.07 Pool #Sc0096 89.9770 106.04 3.33 3132D9C93 Standard & Poors Rating: N/A Moodys Rating: N/A 41,864.530 F N M A Gtd R E M I C Pass Thru 39,460.25 39,391.91 0.1 837.29 C M O Ser 2012 113 Cl Pb 94.2570 94.09 2.12 3136A8V64 Standard & Poors Rating: N/A Moodys Rating: N/A 2.000 11/01/2036 2.500 04/01/2037 4.000 07/16/2039 4.000 10/20/2039 2.000 05/20/2040 4.000 07/25/2040 3.000 10/01/2040 2.000 10/25/2040 00- -M -PF-PC -274-01 00260201 2602 Page 14 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 60 @ 90,909.180 G N M A Gtd R E M I C Pass Thru 82,944.63 89,573.96 0.2 1,818.18 C M O Ser 2013 5 Cl Je 91.2390 98.53 2.19 38378FRB8 Standard & Poors Rating: N/A Moodys Rating: N/A 139,436.170 F N M A Gtd R E M I C Pass Thru 135,046.72 134,294.47 0.4 2,788.72 C M O Ser 2012 148 Cl Mc 96.8520 96.31 2.06 3136ABNZ2 Standard & Poors Rating: N/A Moodys Rating: N/A 96,895.590 F H L M C Multiclass Mtg Partn 88,343.59 98,910.98 0.2 1,695.67 C M O Ser 4165 Cl Te 91.1740 102.08 1.92 3137AYSH5 Standard & Poors Rating: N/A Moodys Rating: N/A 43,339.270 G N M A Gtd R E M I C Pass Thru 42,551.80 43,583.05 0.1 1,300.18 C M O Ser 2018 153 Cl Wj 98.1830 100.56 3.06 38381AZ58 Standard & Poors Rating: N/A Moodys Rating: N/A 200,000.000 F H L M C Multiclass Mtg Partn 191,208.00 201,195.31 0.5 6,860.00 C M O Ser K063 Cl A2 95.6040 100.60 3.59 3137BVZ82 Standard & Poors Rating: N/A Moodys Rating: N/A 108,087.290 G N M A Gtd R E M I C Pass Thru 95,431.35 109,216.54 0.3 2,702.18 C M O Ser 2014 166 Cl Pl 88.2910 101.04 2.83 38378XP62 Standard & Poors Rating: N/A Moodys Rating: N/A .010 Capital One Prime Auto 0.01 0.01 0.0 0.00 A B S Ser 2019 1 Cl A3 100.0000 100.00 .00 14042WAC4 Standard & Poors Rating: AAA Moodys Rating: Aaa Date Last Priced: 09/16/22 2.000 07/20/2042 2.000 11/25/2042 1.750 12/15/2042 3.000 11/20/2045 02/25/2050 Var 05/16/2055 Var 2.510 11/15/2023 54.3 $433,123.86 $19,810,592.20 $20,622,704.90 00- -M -PF-PC -274-01 00260201 2602 Page 15 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 Total US Government Issues Corporate Issues ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 61 1010101010101010101010110110110001101011101001010010100100101001000110000001010110101011001001001110101011010000010010011001011100010101000010010010100011101001110001000011100000101100001000011100010110000000101000111000101010000010111010111000001001010101100010100111100001000011100011010111110100001001110111101100000110111110110000001100110101110100000011011011100011001001101011111111111111111111 411,000.000 Ford Credit Auto Ls Tr 410,112.24 410,341.76 1.1 4,110.00 A B S Ser 2020 B Cl B 99.7840 99.84 1.00 34531RAF4 Standard & Poors Rating: AAA Moodys Rating: Aaa 18,530.870 Nissan Auto Receivable Owner 18,523.64 18,695.69 0.1 463.27 A B S Ser 2019 B Cl A3 99.9610 100.89 2.50 65479HAC1 Standard & Poors Rating: N/A Moodys Rating: Aaa 450,000.000 Caterpillar Finl Service 444,978.00 456,489.00 1.2 16,425.00 Medium Term Note 98.8840 101.44 3.69 14913Q2S7 Standard & Poors Rating: A Moodys Rating: A2 84,846.970 John Deere Owner Trust 84,751.94 85,377.26 0.2 1,875.12 A B S Ser 2019 B Cl A3 99.8880 100.62 2.21 477870AC3 Standard & Poors Rating: N/A Moodys Rating: Aaa 140,000.000 Simon Ppty Group L P 138,881.40 140,000.00 0.4 1,705.98 01/11/2024 Var 99.2010 100.00 1.23 Standard & Poors Rating: A- Moodys Rating: A3 500,000.000 Wells Fargo Company 492,200.00 505,015.00 1.4 18,750.00 Medium Term Note 98.4400 101.00 3.81 95000U2C6 Standard & Poors Rating: BBB+ Moodys Rating: A1 500,000.000 National Rural Util Coop 488,435.00 501,670.00 1.3 14,750.00 2.950 02/07/2024 97.6870 100.33 3.02 Standard & Poors Rating: A- Moodys Rating: A1 500,000.000 IBM Corp 493,270.00 508,175.00 1.4 18,125.00 3.625 02/12/2024 98.6540 101.64 3.67 Standard & Poors Rating: A- Moodys Rating: A3 1.000 11/15/2023 2.500 11/15/2023 3.650 12/07/2023 2.210 12/15/2023 828807DR5 3.750 01/24/2024 637432NL5 459200HU8 00- -M -PF-PC -274-01 00260201 2602 Page 16 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 62 455,000.000 Goldman Sachs Group Inc 451,027.85 455,399.95 1.2 10,671.57 03/08/2024 Var 99.1270 100.09 2.37 Standard & Poors Rating: BBB+ Moodys Rating: A2 54,901.180 Carmax Auto Owner Trust 54,874.28 55,529.54 0.2 1,471.35 A B S Ser 2019 2 Cl A3 99.9510 101.14 2.68 14316LAC7 Standard & Poors Rating: AAA Moodys Rating: N/A 154,892.620 Ford Credit Auto Owner Trust 154,486.80 155,812.30 0.4 2,896.49 A B S Ser 2019 Cl A3 99.7380 100.59 1.88 34531KAD4 Standard & Poors Rating: AAA Moodys Rating: Aaa 455,000.000 Jpmorgan Chase Co 451,737.65 456,879.15 1.2 2,863.50 03/16/2024 Var 99.2830 100.41 .63 Standard & Poors Rating: A- Moodys Rating: A1 500,000.000 Bank Of America Corp 494,235.00 508,285.00 1.4 20,000.00 Medium Term Note 98.8470 101.66 4.05 06051GFF1 Standard & Poors Rating: A- Moodys Rating: A2 450,000.000 Southern Ca Edison Co 1M Glbl 2021C 443,007.00 450,958.50 1.2 13,490.33 24 98.4460 100.21 3.04 842400HC0 Standard & Poors Rating: A- Moodys Rating: A3 500,000.000 Suntrust Bank 488,125.00 503,100.00 1.4 16,000.00 3.200 04/01/2024 97.6250 100.62 3.28 Standard & Poors Rating: A Moodys Rating: A2 5,788.180 CNH Equipment Trust 5,786.79 5,827.52 0.0 174.22 A B S Ser 2019 A Cl A3 99.9760 100.68 3.01 12596JAC7 Standard & Poors Rating: AAA Moodys Rating: Aaa 38141GXW9 2.680 03/15/2024 1.870 03/15/2024 46647PCA2 4.000 04/01/2024 04/01/2021 Var 86787EBC0 3.010 04/15/2024 00- -M -PF-PC -274-01 00260201 2602 Page 17 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 63 1010101010101010101010110110110111101011101001010010100100101001000110000000010110101010111001010110101011001000001110011001011100010111100010010010100111001101110001000011100110001100001000001110010110000000101100110000101010011001011000111000001101110010100010100100010111011111100011110011010111001000010110010101010110111110100001001000110000111100010001011011101010101011101011111111111111111111 90,929.040 Honda Auto Receivables 90,163.42 90,648.44 0.3 1,463.96 A B S Ser 2020 1 Cl A3 99.1580 99.69 1.62 43813RAC1 Standard & Poors Rating: N/A Moodys Rating: Aaa 500,000.000 Morgan Stanley 490,855.00 505,350.00 1.4 19,375.00 Medium Term Note 98.1710 101.07 3.95 61746BDQ6 Standard & Poors Rating: A- Moodys Rating: A1 32,903.290 World Omni Auto Receivables 32,886.84 33,114.07 0.1 852.20 A B S Ser 2019 B Cl A3 99.9500 100.64 2.59 98162VAD1 Standard & Poors Rating: AAA Moodys Rating: N/A 173,056.070 Carmax Auto Owner Trust 172,261.74 174,009.23 0.5 3,772.62 A B S Ser 2019 3 Cl A3 99.5410 100.55 2.19 14315PAD7 Standard & Poors Rating: AAA Moodys Rating: N/A 172,540.450 Gm Fin Cons Auto Rec Tr 171,353.37 172,122.57 0.5 362.33 A B S Ser 2021 3 Cl A2 99.3120 99.76 .21 380140AB9 Standard & Poors Rating: AAA Moodys Rating: N/A 84,428.270 Captial One Prime Auto 83,670.95 84,085.28 0.2 1,350.85 A B S Ser 2020 1 Cl A3 99.1030 99.59 1.61 14043MAC5 Standard & Poors Rating: AAA Moodys Rating: N/A 350,000.000 Discover Card Execution Note Trust 350,007.00 350,437.50 1.0 11,122.30 A B S Ser 2017 A7 Cl A7 100.0020 100.13 3.18 254683CC7 Standard & Poors Rating: AAA Moodys Rating: Aaa 500,000.000 American Express Credit Account 499,850.00 501,582.03 1.4 11,750.00 A B S Ser 2017 7 Cl A 99.9700 100.32 2.35 02582JHL7 Standard & Poors Rating: AAA Moodys Rating: N/A 1.610 04/22/2024 3.875 04/29/2024 2.590 07/15/2024 2.180 08/15/2024 0.210 08/16/2024 1.600 11/15/2024 04/15/2025 Var 2.350 05/15/2025 00- -M -PF-PC -274-01 00260201 2602 Page 18 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 64 320,000.000 Carmax Auto Owner Trust 317,603.20 319,975.49 0.9 8,992.00 A B S Ser 2022 2 Cl A 2A 99.2510 99.99 2.83 14317HAB7 Standard & Poors Rating: AAA Moodys Rating: Aaa 300,000.000 Citibank Credit Card Issuance Trust 297,975.00 305,398.44 0.8 9,870.00 A B S Ser 2018 A3 Cl A3 99.3250 101.80 3.31 17305EGM1 Standard & Poors Rating: AAA Moodys Rating: Aaa 350,000.000 Discover Card Execution Note Trust 349,958.00 350,410.16 1.0 9,840.95 A B S Ser 2018 A2 Cl A2 99.9880 100.12 2.81 254683CE3 Standard & Poors Rating: AAA Moodys Rating: Aaa 500,000.000 American Express Credit Account 499,930.00 501,328.13 1.4 14,006.83 A B S Ser 2018 3 Cl A 99.9860 100.27 2.80 02582JHS2 Standard & Poors Rating: N/A Moodys Rating: Aaa 60,000.000 Sunchrony Credit Card Master Note 59,986.80 60,206.25 0.2 1,572.00 A B S Ser 2017 2 Cl A 99.9780 100.34 2.62 87165LBU4 Standard & Poors Rating: AAA Moodys Rating: N/A 344,481.680 Carmax Auto Owner Tr 333,341.14 339,260.63 0.9 1,171.24 A B S Ser 2021 1 Cl A 3 96.7660 98.48 .35 14316NAC3 Standard & Poors Rating: AAA Moodys Rating: N/A 249,706.810 Santander Drive Auto Tr 2020 3 247,888.94 249,345.90 0.7 2,796.72 A B S Ser 2020 3 Cl C 99.2720 99.86 1.13 80285WAF4 Standard & Poors Rating: N/A Moodys Rating: Aaa 250,000.000 Carmax Auto Own 241,670.00 246,103.52 0.7 1,300.00 A B S Ser 2021 2 Cl A3 96.6680 98.44 .54 14314QAC8 Standard & Poors Rating: AAA Moodys Rating: N/A 2.810 05/15/2025 3.290 05/23/2025 08/15/2025 Var 10/15/2025 Var 2.620 10/25/2025 12/15/2025 Var 1.120 12/015/2025 02/17/2026 Var 00- -M -PF-PC -274-01 00260201 2602 Page 19 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 65 1010101010101010101010110110110101101011101001010010100100101001000110000001110110101010101001000010101011000000011010011001011100010111100010010010100111101011110001000010111101101100001001000001010110000000100010111000101010011110010100111000001010010111010010100000110001010111100010100110100101001001000100011110010110101011110101010110110100011101011001011011101110011000101011111111111111111111 350,000.000 Capital One Multi Asset Execution 349,846.00 350,533.20 1.0 9,913.29 A B S Ser 2018 A2 Cl A2 99.9560 100.15 2.83 14041NFS5 Standard & Poors Rating: AAA Moodys Rating: N/R 277,000.000 Ford Credit Floorplan Master 264,219.22 268,906.41 0.7 6,758.80 A B S Ser 2019 4 Cl A 95.3860 97.08 2.56 34528QHF4 Standard & Poors Rating: AAA Moodys Rating: Aaa 150,000.000 Capital One Multi Asset 143,572.50 146,015.63 0.4 4,200.00 A B S Ser 2022 A1 Cl A1 95.7150 97.34 2.92 14041NFZ9 Standard & Poors Rating: AAA Moodys Rating: N/A 350,000.000 American Express Credit 338,614.50 347,210.94 0.9 11,865.00 C M O Ser 2022 2 Cl A 96.7470 99.20 3.50 02582JJT8 Standard & Poors Rating: AAA Moodys Rating: N/A 450,000.000 Royal Bk Of Canada 448,330.50 451,887.75 1.2 6,499.30 Medium Term Note 99.6290 100.42 1.45 78015K7K4 Standard & Poors Rating: A Moodys Rating: A1 455,000.000 Credit Suisse Ag New York 446,391.40 455,728.00 1.2 12,130.30 02/02/2024 Var 98.1080 100.16 2.72 Standard & Poors Rating: A Moodys Rating: A2 500,000.000 Toronto Dominion Bank 482,395.00 494,710.00 1.3 11,750.00 Medium Term Note 96.4790 98.94 2.44 89114TZR6 Standard & Poors Rating: A Moodys Rating: A1 03/16/2026 Var 2.440 09/15/2026 2.800 03/15/2027 3.390 05/17/2027 10/26/2023 Var 22550UAB7 2.350 03/08/2024 28.7 $276,107.92 $10,450,086.22 $10,613,599.50 00- -M -PF-PC -274-01 00260201 2602 Page 20 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 Total Corporate Issues Foreign Issues ACCOUNT NUMBER: 226122002 ASSET DETAIL AS OF 09/30/22 (continued) 66 520,000.000 Dallas Tx Area Rapid Tran Sales Tax 520,410.80 539,016.40 1.4 20,800.00 Rev Taxable Sr Lien Ref Bds 2021 A 100.0790 103.66 4.00 235241VW3 Standard & Poors Rating: AA+ Moodys Rating: Aa2 215,000.000 New York Ny Taxable Go Bds Fiscal 212,637.15 215,503.10 0.6 2,472.50 1.150 03/01/2023 Taxable 98.9010 100.23 1.16 Standard & Poors Rating: AA Moodys Rating: Aa2 350,000.000 Port Auth N Y N J Taxable 341,194.00 348,143.50 0.9 3,801.00 Consolidated Nts AAA Ny 97.4840 99.47 1.11 73358W4V3 Standard & Poors Rating: AA- Moodys Rating: Aa3 280,000.000 San Diego Cnty Calif Regl Arptauth 271,493.60 280,000.00 0.7 1,831.20 Arpt Rev Taxable Sub Ref Bds 2021 Ca 96.9620 100.00 .67 79739GPB6 Standard & Poors Rating: N/A Moodys Rating: A2 245,000.000 University Wa Univ Revs Taxable 240,278.85 245,000.00 0.7 3,601.50 Gen Ref Bds 2022 B 98.0730 100.00 1.50 91523NWT9 Standard & Poors Rating: AA+ Moodys Rating: Aaa 410,000.000 Ref Bds 2021 393,185.90 410,000.00 1.1 3,776.10 0.921 02/01/2024 Taxable 95.8990 100.00 .96 Standard & Poors Rating: AAA Moodys Rating: Aaa 4.000 12/01/2022 Taxable 64966QJD3 1.086 07/01/2023 Taxable 0.654 07/01/2023 Taxable 1.470 07/01/2023 Taxable 346604LK5 3.8 $30,379.60 $1,377,116.90 $1,402,325.75 5.4 $36,282.30 $1,979,200.30 $2,037,663.00 100.0 $820,610.90 $36,456,685.18 $37,515,834.09 00- -M -PF-PC -274-01 00260201 2602 Page 21 of 68 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 Total Foreign Issues Municipal Issues Total Municipal Issues ACCOUNT NUMBER: 226122002 Total Assets ASSET DETAIL AS OF 09/30/22 (continued) 67 1010101010101010101010110110110101101011101001010001100100101001000101110001110110101011111001001110101011010000000011011001011100010010010010010010100100000101110001000010000010101100001001010110010110000000111111100000101010001011011010111000001011111000000010100010101101010011100010001100000010001001100100101101001110100111111010100000110000110110101011011011101010111000101011111111111111111111 09/01/22 Interest Earned On 3,846.66 Citigroup Inc 3.02786% 9/01/23 0.007693 USD/$1 Pv On 500,000 Par Value Due 9/1/22 172967KX8 09/01/22 Sold 22.27 Units Of 22.27 - 22.27 First Am Govt Ob Fd Cl Y Trade Date 9/1/22 31846V203 09/01/22 Sold 200,000 Par Value Of 200,148.13 - 200,044.55 U S Treasury Nt 0.325% 10/31/23 Trade Date 8/31/22 Sold Through Mtgsus6Sfic BofA Secs New York Swift External Ref#: 00953900003530A 200,000 Par Value At 100.074065 % 91282CDE8 09/01/22 Received Accrued Interest On Sale Of 474.56 U S Treasury Nt 0.325% 10/31/23 Income Credit 474.56 USD 91282CDE8 09/01/22 Full Call 500,000.00 - 504,058.00 500,000 $1 Pv Citigroup Inc 3.02786% 9/01/23 On 09/01/22 At 1.00 USD ST Capital Loss Of 4,058.00- USD On Federal Cost Federal Tax Cost 504,058.00 USD Corporate Action Id: 177175 172967KX8 09/01/22 Interest Earned On 1,236.25 New York Ny 1.150% 3/01/23 0.00575 USD/$1 Pv On 215,000 Par Value Due 9/1/22 64966QJD3 09/01/22 Cash Disbursement - 3,485.99 Transfer To Principal 1 09/01/22 Cash Receipt 3,485.99 Transfer From Income 1 09/01/22 Purchased 705,727.87 Units Of - 705,727.87 705,727.87 First Am Govt Ob Fd Cl Y Trade Date 9/1/22 31846V203 09/01/22 Interest Earned On 2,902.13 First Am Govt Ob Fd Cl Y Interest From 8/1/22 To 8/31/22 31846V203 09/02/22 Cash Disbursement - 2,830.71 Transfer To Principal 1 00- -M -PF-PC -274-01 00260201 2602 Page 24 of 68 Beginning Balance 09/01/2022 - $2,093.75 $2,093.75 $37,474,058.71 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL 68 09/02/22 Cash Receipt 2,830.71 Transfer From Income 1 09/02/22 Sold 498,065.52 Units Of 498,065.52 - 498,065.52 First Am Govt Ob Fd Cl Y Trade Date 9/2/22 31846V203 09/06/22 Sold 257,364.54 Units Of 257,364.54 - 257,364.54 First Am Govt Ob Fd Cl Y Trade Date 9/6/22 31846V203 09/08/22 Interest Earned On 5,809.72 Toronto Mtn 2.350% 3/08/24 0.011619 USD/$1 Pv On 500,000 Par Value Due 9/8/22 89114TZR6 09/08/22 Purchased 5,809.72 Units Of - 5,809.72 5,809.72 First Am Govt Ob Fd Cl Y Trade Date 9/8/22 31846V203 09/08/22 Interest Earned On 2,727.18 Goldman Sachs 2.3454% 3/08/24 0.005994 USD/$1 Pv On 455,000 Par Value Due 9/8/22 38141GXW9 09/08/22 Cash Disbursement - 2,621.78 Transfer To Principal 1 09/08/22 Cash Receipt 2,621.78 Transfer From Income 1 09/08/22 Purchased 2,727.18 Units Of - 2,727.18 2,727.18 First Am Govt Ob Fd Cl Y Trade Date 9/8/22 31846V203 09/09/22 Cash Disbursement - 5,809.72 Transfer To Principal 1 09/09/22 Cash Receipt 5,809.72 Transfer From Income 1 09/12/22 Purchased 12,388.38 Units Of - 12,388.38 12,388.38 First Am Govt Ob Fd Cl Y Trade Date 9/12/22 31846V203 09/12/22 Matured 450,000 Par Value Of 450,000.00 - 452,286.45 Mizuho Financial 2.60129% 9/11/22 Trade Date 9/11/22 450,000 Par Value At 100 % 60687YAN9 00- -M -PF-PC -274-01 00260201 2602 Page 25 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 69 1010101010101010101010110110110011101011101001010001100100101001000101110000110110101011101001010110101011001000010101011001011100010101100010010010100000100111110001000010100010101100001001110000010110000000101100001000101010011011010100111000001010001101110010100000000111011111100011000000011100001000110111100111011110111010000101000010110010011111010001011011101110101010001011111111111111111111 09/12/22 Interest Earned On 2,926.45 Mizuho Financial 2.60129% 9/11/22 0.006503 USD/$1 Pv On 450,000 Par Value Due 9/11/22 60687YAN9 09/12/22 Cash Disbursement - 2,926.45 Transfer To Principal 1 09/12/22 Cash Receipt 2,926.45 Transfer From Income 1 09/12/22 Purchased 452,926.45 Units Of - 452,926.45 452,926.45 First Am Govt Ob Fd Cl Y Trade Date 9/12/22 31846V203 09/12/22 Purchased 493,076.88 Par Value Of - 488,531.34 488,531.34 F N M A #Fm3340 3.500% 5/01/35 Trade Date 8/30/22 Purchased Through Mitsubishi Ufj Securities (USA 493,076.88 Par Value At 99.07812753 % 3140X6WA5 09/12/22 Paid Accrued Interest On Purchase Of - 47.93 F N M A #Fm3340 3.500% 5/01/35 Income Debit 47.93- USD 3140X6WA5 09/13/22 Cash Disbursement - 1.22 Transfer To Principal 1 09/13/22 Cash Receipt 1.22 Transfer From Income 1 09/15/22 Interest Earned On 14.46 Capital One Prime 2.510% 11/15/23 $0.00209/Pv On 6,910.64 Pv Due 9/15/22 14042WAC4 09/15/22 Paid Down 6,910.63 Par Value Of 6,910.63 - 6,933.83 Capital One Prime 2.510% 11/15/23 Princ/Int Due 14042WAC4 09/15/22 Paid Down 236,000 Par Value Of 236,000.00 - 236,709.84 Capital One Multi 2.290% 7/15/25 Cmo Final Paydown 14041NFQ9 09/15/22 Paid Down 13,859.92 Par Value Of 13,859.92 - 13,966.04 Carmax Auto Owner 3.050% 3/15/24 Cmo Final Paydown 14315NAC4 09/15/22 Paid Down 200,000 Par Value Of 200,000.00 - 200,523.44 Ford Credit 2.480% 9/15/24 Cmo Final Paydown 34528QFU3 00- -M -PF-PC -274-01 00260201 2602 Page 26 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 70 09/15/22 Paid Down 500,000 Par Value Of 500,000.00 - 500,390.62 Ford Credit 3.0907% 9/15/24 Cmo Final Paydown 34528QHB3 09/15/22 Paid Down 2,369.39 Par Value Of 2,369.39 - 2,389.38 World Omni 1.700% 1/15/23 Cmo Final Paydown 98162HAC4 09/15/22 Interest Earned On 48.55 CNH Equipment Trust 3.010% 4/15/24 $0.00251/Pv On 19,354.79 Pv Due 9/15/22 12596JAC7 09/15/22 Paid Down 13,566.61 Par Value Of 13,566.61 - 13,658.82 CNH Equipment Trust 3.010% 4/15/24 Trade Date 9/15/22 12596JAC7 09/15/22 Interest Earned On 269.23 Santander Drive 1.120% 12/15/25 $0.00093/Pv On 288,465.12 Pv Due 9/15/22 80285WAF4 09/15/22 Paid Down 38,758.31 Par Value Of 38,758.31 - 38,702.29 Santander Drive 1.120% 12/15/25 Trade Date 9/15/22 80285WAF4 09/15/22 Purchased 1,186,797.1 Units Of - 1,186,797.10 1,186,797.10 First Am Govt Ob Fd Cl Y Trade Date 9/15/22 31846V203 09/15/22 Interest Earned On 68.94 F H L M C Mltcl Mtg 1.500% 5/15/27 $0.00125/Pv On 55,157.06 Pv Due 9/15/22 3137AQQE1 09/15/22 Paid Down 1,712.58 Par Value Of 1,712.58 - 1,737.10 F H L M C Mltcl Mtg 1.500% 5/15/27 Trade Date 9/15/22 3137AQQE1 09/15/22 Interest Earned On 143.53 F H L M C Mltcl Mtg 1.750% 12/15/42 $0.00146/Pv On 98,419.48 Pv Due 9/15/22 3137AYSH5 09/15/22 Paid Down 1,523.89 Par Value Of 1,523.89 - 1,555.60 F H L M C Mltcl Mtg 1.750% 12/15/42 Trade Date 9/15/22 3137AYSH5 09/15/22 Interest Earned On 53.88 F H L M C Mltcl Mtg 2.000% 11/15/26 $0.00167/Pv On 32,328.60 Pv Due 9/15/22 3137B6DF5 00- -M -PF-PC -274-01 00260201 2602 Page 27 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 71 1010101010101010101010110110110001101011101001010001100100101001000101110001010110101011011001010110101011000000010100011001011100010110100010010010100000010101110001000011010011001100001001100111110110000000110011101000101010011101011000111000001010111010010010100101001000001111100011100101001000001000111001010111100110110100110000111000110001010111111111011011101100011010001011111111111111111111 09/15/22 Paid Down 2,226.41 Par Value Of 2,226.41 - 2,263.23 F H L M C Mltcl Mtg 2.000% 11/15/26 Trade Date 9/15/22 3137B6DF5 09/15/22 Interest Earned On 100.48 F H L M C Mltcl Mtg 2.500% 12/15/27 $0.00208/Pv On 48,231.04 Pv Due 9/15/22 3137B9RN7 09/15/22 Paid Down 3,019.15 Par Value Of 3,019.15 - 3,068.93 F H L M C Mltcl Mtg 2.500% 12/15/27 Trade Date 9/15/22 3137B9RN7 09/15/22 Interest Earned On 979.17 American Express 2.350% 5/15/25 $0.00196/Pv On 500,000.00 Pv Due 9/15/22 02582JHL7 09/15/22 Interest Earned On 1,167.24 American Express 2.80137% 10/15/25 $0.00233/Pv On 500,000.00 Pv Due 9/15/22 02582JHS2 09/15/22 Interest Earned On 988.75 American Express 3.390% 5/17/27 $0.00283/Pv On 350,000.00 Pv Due 9/15/22 02582JJT8 09/15/22 Interest Earned On 450.37 Capital One Multi 2.290% 7/15/25 $0.00191/Pv On 236,000.00 Pv Due 9/15/22 14041NFQ9 09/15/22 Interest Earned On 826.11 Capital One Multi 2.83237% 3/16/26 $0.00236/Pv On 350,000.00 Pv Due 9/15/22 14041NFS5 09/15/22 Interest Earned On 350.00 Capital One Multi 2.800% 3/15/27 $0.00233/Pv On 150,000.00 Pv Due 9/15/22 14041NFZ9 09/15/22 Interest Earned On 125.83 Captial One Prime 1.600% 11/15/24 $0.00133/Pv On 94,369.98 Pv Due 9/15/22 14043MAC5 09/15/22 Paid Down 9,941.71 Par Value Of 9,941.71 - 9,901.32 Captial One Prime 1.600% 11/15/24 Trade Date 9/15/22 14043MAC5 09/15/22 Interest Earned On 108.33 Carmax Auto Own 0.520% 2/17/26 $0.00043/Pv On 250,000.00 Pv Due 9/15/22 14314QAC8 00- -M -PF-PC -274-01 00260201 2602 Page 28 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 72 09/15/22 Interest Earned On 35.23 Carmax Auto Owner 3.050% 3/15/24 $0.00254/Pv On 13,859.92 Pv Due 9/15/22 14315NAC4 09/15/22 Interest Earned On 363.86 Carmax Auto Owner 2.180% 8/15/24 $0.00182/Pv On 200,291.36 Pv Due 9/15/22 14315PAD7 09/15/22 Paid Down 27,235.29 Par Value Of 27,235.29 - 27,385.30 Carmax Auto Owner 2.180% 8/15/24 Trade Date 9/15/22 14315PAD7 09/15/22 Interest Earned On 178.89 Carmax Auto Owner 2.680% 3/15/24 $0.00223/Pv On 80,097.95 Pv Due 9/15/22 14316LAC7 09/15/22 Paid Down 25,196.77 Par Value Of 25,196.77 - 25,485.15 Carmax Auto Owner 2.680% 3/15/24 Trade Date 9/15/22 14316LAC7 09/15/22 Interest Earned On 103.65 Carmax Auto Owner 0.340% 12/15/25 $0.00028/Pv On 365,796.23 Pv Due 9/15/22 14316NAC3 09/15/22 Paid Down 21,314.55 Par Value Of 21,314.55 - 20,991.51 Carmax Auto Owner 0.340% 12/15/25 Trade Date 9/15/22 14316NAC3 09/15/22 Interest Earned On 749.33 Carmax Auto Owner 2.810% 5/15/25 $0.00234/Pv On 320,000.00 Pv Due 9/15/22 14317HAB7 09/15/22 Interest Earned On 829.12 Discover Card 2.8427% 4/15/25 $0.00237/Pv On 350,000.00 Pv Due 9/15/22 254683CC7 09/15/22 Interest Earned On 820.08 Discover Card 2.8117% 8/15/25 $0.00234/Pv On 350,000.00 Pv Due 9/15/22 254683CE3 09/15/22 Interest Earned On 413.33 Ford Credit 2.480% 9/15/24 $0.00207/Pv On 200,000.00 Pv Due 9/15/22 34528QFU3 09/15/22 Interest Earned On 1,287.79 Ford Credit 3.0907% 9/15/24 $0.00258/Pv On 500,000.00 Pv Due 9/15/22 34528QHB3 00- -M -PF-PC -274-01 00260201 2602 Page 29 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 73 1010101010101010101010110110110111101011101001010001100100101001000101110001010110101010111001011010101011011000010001011001011100010000110010010010100011000111110001000011110011001100001001011110010110000000111000000000101010011010111010111000001110110000000010100011010010111111100010001011100010001001111011000000011110110010000010100000110100110100111001011011101111111000001011111111111111111111 09/15/22 Interest Earned On 563.23 Ford Credit 2.440% 9/15/26 $0.00203/Pv On 277,000.00 Pv Due 9/15/22 34528QHF4 09/15/22 Interest Earned On 306.11 Ford Credit Auto 1.870% 3/15/24 $0.00156/Pv On 196,432.14 Pv Due 9/15/22 34531KAD4 09/15/22 Paid Down 41,539.52 Par Value Of 41,539.52 - 41,786.16 Ford Credit Auto 1.870% 3/15/24 Trade Date 9/15/22 34531KAD4 09/15/22 Interest Earned On 342.50 Ford Credit Auto Ls 1.000% 11/15/23 $0.00083/Pv On 411,000.00 Pv Due 9/15/22 34531RAF4 09/15/22 Interest Earned On 210.73 John Deere Owner 2.210% 12/15/23 $0.00184/Pv On 114,423.82 Pv Due 9/15/22 477870AC3 09/15/22 Paid Down 29,576.85 Par Value Of 29,576.85 - 29,761.70 John Deere Owner 2.210% 12/15/23 Trade Date 9/15/22 477870AC3 09/15/22 Interest Earned On 66.72 Nissan Auto 2.500% 11/15/23 $0.00208/Pv On 32,023.63 Pv Due 9/15/22 65479HAC1 09/15/22 Paid Down 13,492.76 Par Value Of 13,492.76 - 13,612.78 Nissan Auto 2.500% 11/15/23 Trade Date 9/15/22 65479HAC1 09/15/22 Interest Earned On 131.00 Synchrony Credit 2.620% 10/15/25 $0.00218/Pv On 60,000.00 Pv Due 9/15/22 87165LBU4 09/15/22 Interest Earned On 3.36 World Omni 1.700% 1/15/23 $0.00142/Pv On 2,369.39 Pv Due 9/15/22 98162HAC4 09/15/22 Interest Earned On 120.44 World Omni Auto 2.590% 7/15/24 $0.00216/Pv On 55,799.92 Pv Due 9/15/22 98162VAD1 09/15/22 Paid Down 22,896.63 Par Value Of 22,896.63 - 23,043.31 World Omni Auto 2.590% 7/15/24 Trade Date 9/15/22 98162VAD1 00- -M -PF-PC -274-01 00260201 2602 Page 30 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 74 09/15/22 Paid Down 2,604.85 Par Value Of 2,604.85 - 2,683.43 G N M A #778953 3.000% 3/15/27 For Record Date Of August Due 9/15/22 August GNMA Due 9/15/22 36176XE21 09/15/22 Interest Earned On 184.28 G N M A #778953 3.000% 3/15/27 August GNMA Due 9/15/22 36176XE21 09/15/22 Paid Down 2,472.67 Par Value Of 2,472.67 - 2,444.85 F H L M C Gd G18561 3.000% 7/01/30 For Record Date Of August Due 9/15/22 August FHLMC Due 9/15/22 3128MMTT0 09/15/22 Interest Earned On 302.29 F H L M C Gd G18561 3.000% 7/01/30 August FHLMC Due 9/15/22 3128MMTT0 09/15/22 Paid Down 2,996.12 Par Value Of 2,996.12 - 2,904.36 F H L M C Gd G18568 2.500% 9/01/30 For Record Date Of August Due 9/15/22 August FHLMC Due 9/15/22 3128MMT29 09/15/22 Interest Earned On 253.72 F H L M C Gd G18568 2.500% 9/01/30 August FHLMC Due 9/15/22 3128MMT29 09/15/22 Paid Down 1,458.9 Par Value Of 1,458.90 - 1,438.61 F H L M C Gd G18569 3.000% 9/01/30 For Record Date Of August Due 9/15/22 August FHLMC Due 9/15/22 3128MMT37 09/15/22 Interest Earned On 162.50 F H L M C Gd G18569 3.000% 9/01/30 August FHLMC Due 9/15/22 3128MMT37 09/15/22 Paid Down 1,265.08 Par Value Of 1,265.08 - 1,316.64 F H L M C Gd G18571 2.500% 10/01/30 For Record Date Of August Due 9/15/22 August FHLMC Due 9/15/22 3128MMT52 09/15/22 Interest Earned On 142.21 F H L M C Gd G18571 2.500% 10/01/30 August FHLMC Due 9/15/22 3128MMT52 09/15/22 Paid Down 1,414.8 Par Value Of 1,414.80 - 1,464.30 F H L M C Gd G18586 2.500% 2/01/31 For Record Date Of August Due 9/15/22 August FHLMC Due 9/15/22 3128MMUL5 00- -M -PF-PC -274-01 00260201 2602 Page 31 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 75 1010101010101010101010110110110101101011101001010001100100101001000101110000010110101010101001001110101011010000001100011001011100010000000010010010100000101011110001000011011000101100001001000111110110000000101110010000101010010101101110111000001110111101100010100100100000011011100011010111000111001000001110111001001110110001010101001100110010010101110111011011100001101010001011111111111111111111 09/15/22 Interest Earned On 139.23 F H L M C Gd G18586 2.500% 2/01/31 August FHLMC Due 9/15/22 3128MMUL5 09/15/22 Paid Down 1,532.88 Par Value Of 1,532.88 - 1,626.75 F H L M C Gd J32243 3.000% 7/01/30 For Record Date Of August Due 9/15/22 August FHLMC Due 9/15/22 31307NP40 09/15/22 Interest Earned On 316.90 F H L M C Gd J32243 3.000% 7/01/30 August FHLMC Due 9/15/22 31307NP40 09/15/22 Cash Disbursement - 13,379.49 Transfer To Principal 1 09/15/22 Cash Receipt 13,379.49 Transfer From Income 1 09/15/22 Purchased 211,043.53 Units Of - 211,043.53 211,043.53 First Am Govt Ob Fd Cl Y Trade Date 9/15/22 31846V203 09/16/22 Interest Earned On 36.35 Gm Fin Cons Auto 0.210% 8/16/24 $0.00018/Pv On 207,688.00 Pv Due 9/16/22 380140AB9 09/16/22 Paid Down 35,147.55 Par Value Of 35,147.55 - 35,062.43 Gm Fin Cons Auto 0.210% 8/16/24 Trade Date 9/16/22 380140AB9 09/16/22 Sold 564,553.1 Units Of 564,553.10 - 564,553.10 First Am Govt Ob Fd Cl Y Trade Date 9/16/22 31846V203 09/16/22 Interest Earned On 152.02 G N M A Gtd Remic 4.000% 7/16/39 $0.00333/Pv On 45,605.15 Pv Due 9/16/22 38376V2E6 09/16/22 Paid Down 1,442.94 Par Value Of 1,442.94 - 1,509.22 G N M A Gtd Remic 4.000% 7/16/39 Trade Date 9/16/22 38376V2E6 09/16/22 Interest Earned On 225.75 G N M A Gtd Remic 2.500% 5/16/55 $0.00208/Pv On 108,360.20 Pv Due 9/16/22 38378XP62 00- -M -PF-PC -274-01 00260201 2602 Page 32 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 76 09/16/22 Paid Down 272.91 Par Value Of 272.91 - 275.76 G N M A Gtd Remic 2.500% 5/16/55 Trade Date 9/16/22 38378XP62 09/16/22 Purchased 215,000 Par Value Of - 210,364.06 210,364.06 F H L M C Mltcl Mt 3.284% 6/25/25 Trade Date 9/13/22 Purchased Through Wfslus33 Wells Fargo Charl Nc Swift External Ref#: 00953900003580A 215,000 Par Value At 97.84374884 % 3137BLAC2 09/16/22 Paid Accrued Interest On Purchase Of - 294.19 F H L M C Mltcl Mt 3.284% 6/25/25 Income Debit 294.19- USD 3137BLAC2 09/16/22 Purchased 100,000 Par Value Of - 96,703.13 96,703.13 F H L M C Mltcl Mtg 3.291% 3/25/27 Trade Date 9/13/22 Purchased Through Brean Capital LLC Swift External Ref#: 00953900003590B 100,000 Par Value At 96.70313 % 3137BXRT1 09/16/22 Paid Accrued Interest On Purchase Of - 137.13 F H L M C Mltcl Mtg 3.291% 3/25/27 Income Debit 137.13- USD 3137BXRT1 09/16/22 Interest Earned On 2,882.20 Jpmorgan Chase Co 0.62934% 3/16/24 0.006335 USD/$1 Pv On 455,000 Par Value Due 9/16/22 46647PCA2 09/16/22 Cash Disbursement - 3,160.89 Transfer To Principal 1 09/16/22 Cash Receipt 3,160.89 Transfer From Income 1 09/16/22 Sold 302,522.69 Units Of 302,522.69 - 302,522.69 First Am Govt Ob Fd Cl Y Trade Date 9/16/22 31846V203 09/16/22 Purchased 600,000 Par Value Of - 599,737.00 599,737.00 Virginia Elec Pwr Co C P 9/22/22 Trade Date 9/16/22 Purchased Through Mizuho Securities USA Inc. Swift External Ref#: 00953900003620A 600,000 Par Value At 99.95616667 % 92780KJN9 09/19/22 Sold 175,000 Units Of 175,000.00 - 175,000.00 First Am Govt Ob Fd Cl Y Trade Date 9/19/22 31846V203 00- -M -PF-PC -274-01 00260201 2602 Page 33 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 77 1010101010101010101010110110110011101011101001010001100100101001000101110001110110101010011001000010101011001000000110011001011100010100000010010010100111010111110001000010100010101100001001101111110110000000110100001000101010001100111000111000001111110010010010100100110111100011100011100010101000001000100110111010110110100001001000111000110101010101101101011011101001011010101011111111111111111111 09/19/22 Cash Disbursement - 36.35 Transfer To Principal 1 09/19/22 Cash Receipt 36.35 Transfer From Income 1 09/20/22 Paid Down 1,800.98 Par Value Of 1,800.98 - 1,862.89 G N M A I I #Ma0908 2.500% 4/20/28 P & I Due 09/20/22 36179NAH1 09/20/22 Interest Earned On 160.46 G N M A I I #Ma0908 2.500% 4/20/28 P & I Due 09/20/22 36179NAH1 09/20/22 Interest Earned On 12.75 Gm Fin Auto Lease 0.80003% 7/20/23 $0.00067/Pv On 19,120.98 Pv Due 9/20/22 36259PAD8 09/20/22 Paid Down 19,120.98 Par Value Of 19,120.98 - 19,137.41 Gm Fin Auto Lease 0.80003% 7/20/23 Cmo Final Paydown 36259PAD8 09/20/22 Purchased 21,535.32 Units Of - 21,535.32 21,535.32 First Am Govt Ob Fd Cl Y Trade Date 9/20/22 31846V203 09/20/22 Interest Earned On 206.61 G N M A Gtd Remic 4.000% 10/20/39 $0.00333/Pv On 61,983.62 Pv Due 9/20/22 38376WA62 09/20/22 Paid Down 2,172.51 Par Value Of 2,172.51 - 1,829.44 G N M A Gtd Remic 4.000% 10/20/39 Trade Date 9/20/22 38376WA62 09/20/22 Interest Earned On 63.30 G N M A Gtd Remic 2.000% 5/20/40 $0.00167/Pv On 37,980.07 Pv Due 9/20/22 38377YTL4 09/20/22 Paid Down 1,130.05 Par Value Of 1,130.05 - 1,094.74 G N M A Gtd Remic 2.000% 5/20/40 Trade Date 9/20/22 38377YTL4 09/20/22 Interest Earned On 153.41 G N M A Gtd Remic 2.000% 7/20/42 $0.00167/Pv On 92,044.19 Pv Due 9/20/22 38378FRB8 09/20/22 Paid Down 1,135.01 Par Value Of 1,135.01 - 1,118.34 G N M A Gtd Remic 2.000% 7/20/42 Trade Date 9/20/22 38378FRB8 00- -M -PF-PC -274-01 00260201 2602 Page 34 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 78 09/20/22 Interest Earned On 115.70 G N M A Gtd Remic 3.000% 11/20/45 $0.00250/Pv On 46,278.01 Pv Due 9/20/22 38381AZ58 09/20/22 Paid Down 2,938.74 Par Value Of 2,938.74 - 2,955.27 G N M A Gtd Remic 3.000% 11/20/45 Trade Date 9/20/22 38381AZ58 09/20/22 Paid Down 4,109.12 Par Value Of 4,109.12 - 4,066.74 G N M A I I #Ma0909 3.000% 4/20/28 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36179NAJ7 09/20/22 Interest Earned On 304.37 G N M A I I #Ma0909 3.000% 4/20/28 August GNMA Due 9/20/22 36179NAJ7 09/20/22 Paid Down 2,377.55 Par Value Of 2,377.55 - 2,442.22 G N M A I I #Ma1134 3.000% 7/20/28 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36179NHK7 09/20/22 Interest Earned On 211.23 G N M A I I #Ma1134 3.000% 7/20/28 August GNMA Due 9/20/22 36179NHK7 09/20/22 Paid Down 956.5 Par Value Of 956.50 - 990.18 G N M A I I #Ma0602 3.000% 12/20/27 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36179MU32 09/20/22 Interest Earned On 115.71 G N M A I I #Ma0602 3.000% 12/20/27 August GNMA Due 9/20/22 36179MU32 09/20/22 Paid Down 840.2 Par Value Of 840.20 - 882.97 G N M A I I #Ma4691 3.500% 9/20/32 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36179TF83 09/20/22 Interest Earned On 126.47 G N M A I I #Ma4691 3.500% 9/20/32 August GNMA Due 9/20/22 36179TF83 09/20/22 Paid Down 1,430.68 Par Value Of 1,430.68 - 1,495.91 G N M A I I #Ma2936 3.500% 7/20/30 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36179RHM4 00- -M -PF-PC -274-01 00260201 2602 Page 35 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 79 1010101010101010101010110110110001101011101001010001100100101001000111110000010110101011001001011110101011010000000100011001011100010000110010010001100100110111110001000011011000001100001000100010110110000000111010011000101010001010011000111000001110100001000010100000100101010111100010111110010110001000101011001111010110110111110111010000110000000101110101011011100111001010001011111111111111111111 09/20/22 Interest Earned On 130.79 G N M A I I #Ma2936 3.500% 7/20/30 August GNMA Due 9/20/22 36179RHM4 09/20/22 Purchased 139,436.17 Par Value Of - 134,294.47 134,294.47 F N M A Gtd Remic 2.000% 11/25/42 Trade Date 9/15/22 Purchased Through Oppenheimer & Co. Inc. Swift External Ref#: 00953900003600A 139,436.17 Par Value At 96.31250339 % 3136ABNZ2 09/20/22 Paid Accrued Interest On Purchase Of - 147.18 F N M A Gtd Remic 2.000% 11/25/42 Income Debit 147.18- USD 3136ABNZ2 09/20/22 Cash Disbursement - 1,280.41 Transfer To Principal 1 09/20/22 Cash Receipt 1,280.41 Transfer From Income 1 09/20/22 Sold 115,923.7 Units Of 115,923.70 - 115,923.70 First Am Govt Ob Fd Cl Y Trade Date 9/20/22 31846V203 09/20/22 Purchased 16,065.54 Par Value Of - 15,317.49 15,317.49 G N M A Gtd Remic 1.500% 8/20/27 Trade Date 9/12/22 Purchased Through Millennium Advisors, LLC 16,065.54 Par Value At 95.34376062 % 38378HAU0 09/20/22 Paid Accrued Interest On Purchase Of - 9.37 G N M A Gtd Remic 1.500% 8/20/27 Income Debit 9.37- USD 38378HAU0 09/21/22 Interest Earned On 138.26 Honda Auto 1.610% 4/22/24 $0.00134/Pv On 103,049.93 Pv Due 9/21/22 43813RAC1 09/21/22 Paid Down 12,120.89 Par Value Of 12,120.89 - 12,083.49 Honda Auto 1.610% 4/22/24 Trade Date 9/21/22 43813RAC1 09/21/22 Purchased 12,259.15 Units Of - 12,259.15 12,259.15 First Am Govt Ob Fd Cl Y Trade Date 9/21/22 31846V203 09/21/22 Cash Disbursement - 173.48 Transfer To Principal 1 00- -M -PF-PC -274-01 00260201 2602 Page 36 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 80 09/21/22 Cash Receipt 173.48 Transfer From Income 1 09/22/22 Matured 600,000 Par Value Of 599,737.00 - 599,737.00 Virginia Elec Pwr Co C P 9/22/22 Trade Date 9/22/22 600,000 Par Value At 100 % 92780KJN9 09/22/22 Interest Earned On 263.00 Virginia Elec Pwr Co C P 9/22/22 600,000 Par Value At 100 % 92780KJN9 09/22/22 Cash Disbursement - 401.26 Transfer To Principal 1 09/22/22 Cash Receipt 401.26 Transfer From Income 1 09/22/22 Purchased 600,000 Units Of - 600,000.00 600,000.00 First Am Govt Ob Fd Cl Y Trade Date 9/22/22 31846V203 09/23/22 Purchased 170,000 Par Value Of - 167,562.89 167,562.89 F H L M C Mltcl Mt 3.750% 8/25/25 Trade Date 9/20/22 Purchased Through Toronto Dominion Securities (U Swift External Ref#: 00953900003710A 170,000 Par Value At 98.56640588 % 3137FJXQ7 09/23/22 Paid Accrued Interest On Purchase Of - 389.58 F H L M C Mltcl Mt 3.750% 8/25/25 Income Debit 389.58- USD 3137FJXQ7 09/23/22 Sold 450,000 Par Value Of 440,930.25 - 450,224.75 Hsbc Hldgs Plc 2.00319% 11/22/24 Trade Date 9/22/22 Sold Through Hsbc Securities, Inc. Swift External Ref#: 00953900003760A 450,000 Par Value At 97.9845 % 404280CZ0 09/23/22 Received Accrued Interest On Sale Of 1,144.49 Hsbc Hldgs Plc 2.00319% 11/22/24 Income Credit 1,144.49 USD 404280CZ0 09/23/22 Cash Disbursement - 754.91 Transfer To Principal 1 09/23/22 Cash Receipt 754.91 Transfer From Income 1 00- -M -PF-PC -274-01 00260201 2602 Page 37 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 81 1010101010101010101010110110110111101011101001010001100100101001000111110001010110101010111001000110101011001000011000011001011100010010010010010001100000010011110001000011011110101100001000110000110110000000111110010000101010010001111010111000001010000110000010100011010011001011100010011010110101001001001010110110000110110111100110010100110101001101100111011011101110101000001011111111111111111111 09/23/22 Purchased 274,122.27 Units Of - 274,122.27 274,122.27 First Am Govt Ob Fd Cl Y Trade Date 9/23/22 31846V203 09/26/22 Paid Down 266,171.34 Par Value Of 266,171.34 - 273,477.49 F N M A #An2905 2.550% 10/01/28 P & I Due 09/25/22 3138LFGP7 09/26/22 Interest Earned On 584.47 F N M A #An2905 2.550% 10/01/28 P & I Due 09/25/22 3138LFGP7 09/26/22 Paid Down 766.61 Par Value Of 766.61 - 748.70 F N M A #An1613 2.550% 7/01/26 P & I Due 09/25/22 3138LDYK3 09/26/22 Interest Earned On 820.42 F N M A #An1613 2.550% 7/01/26 P & I Due 09/25/22 3138LDYK3 09/26/22 Interest Earned On 1,042.80 F N M A #Bl1359 3.460% 1/01/26 Int Due 9/25/22 3140HSQM6 09/26/22 Interest Earned On 1.32 F N M A Gtd Remic 3.021% 8/25/24 Penalty Payment 3136ALYF2 09/26/22 Interest Earned On 0.29 F N M A Gtd Remic 3.103% 7/25/24 Penalty Payment 3136AKXV0 09/26/22 Interest Earned On 8.41 F N M A Gtd Remic 2.702% 2/25/26 Penalty Payment 3136ARTE8 09/26/22 Interest Earned On 1,027.09 F H L M C Mltcl Mt 2.905% 4/25/24 $0.00262/Pv On 391,874.52 Pv Due 9/25/22 3137BYPQ7 09/26/22 Paid Down 14,693.36 Par Value Of 14,693.36 - 14,666.38 F H L M C Mltcl Mt 2.905% 4/25/24 Trade Date 9/25/22 3137BYPQ7 09/26/22 Interest Earned On 592.52 F H L M C Mltcl Mt 3.320% 2/25/23 $0.00277/Pv On 214,163.81 Pv Due 9/25/22 3137B36J2 00- -M -PF-PC -274-01 00260201 2602 Page 38 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 82 09/26/22 Paid Down 4,673.32 Par Value Of 4,673.32 - 4,707.27 F H L M C Mltcl Mt 3.320% 2/25/23 Trade Date 9/25/22 3137B36J2 09/26/22 Paid Down 222,235.84 Par Value Of 222,235.84 - 222,669.89 F H L M C Mltcl Mtg 2.682% 10/25/22 Cmo Final Paydown 3137AYCE9 09/26/22 Interest Earned On 82.09 F H L M C Mltcl Mt 2.573% 9/25/22 $0.00214/Pv On 38,286.60 Pv Due 9/25/22 3137AXHP1 09/26/22 Interest Earned On 351.84 F H L M C Mltcl Mtg 2.637% 1/25/23 $0.00220/Pv On 160,108.17 Pv Due 9/25/22 3137B1UG5 09/26/22 Paid Down 16,894.06 Par Value Of 16,894.06 - 17,053.76 F H L M C Mltcl Mtg 2.637% 1/25/23 Trade Date 9/25/22 3137B1UG5 09/26/22 Interest Earned On 97.10 F H L M C Mltcl Mtg 3.329% 5/25/25 $0.00277/Pv On 35,000.00 Pv Due 9/25/22 3137BKRJ1 09/26/22 Interest Earned On 281.20 F H L M C Mltcl Mtg 2.802% 1/25/25 $0.00234/Pv On 120,427.12 Pv Due 9/25/22 3137BLW87 09/26/22 Paid Down 3,525.84 Par Value Of 3,525.84 - 3,513.72 F H L M C Mltcl Mtg 2.802% 1/25/25 Trade Date 9/25/22 3137BLW87 09/26/22 Interest Earned On 289.76 F H L M C Mltcl Mtg 2.887% 4/25/25 $0.00241/Pv On 120,440.87 Pv Due 9/25/22 3137BM7B6 09/26/22 Paid Down 10,737.91 Par Value Of 10,737.91 - 10,637.66 F H L M C Mltcl Mtg 2.887% 4/25/25 Trade Date 9/25/22 3137BM7B6 09/26/22 Interest Earned On 1,033.75 F H L M C Mltcl Mt 3.30804% 9/25/25 $0.00276/Pv On 375,000.00 Pv Due 9/25/22 3137BM7C4 09/26/22 Interest Earned On 787.75 F H L M C Mltcl Mt 3.15096% 11/25/25 $0.00263/Pv On 300,000.00 Pv Due 9/25/22 3137BMTX4 00- -M -PF-PC -274-01 00260201 2602 Page 39 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 83 1010101010101010101010110110110101101011101001010001100100101001000111110000110110101010101001010010101011000000001100011001011100010010010010010001100000110101110001000010000101001100001001111111110110000000110000011000101010010110110110111000001101100011110010100111110101000011100011001111000111001000011000111101000110100010110010001010110001101100101111011011101010011011001011111111111111111111 09/26/22 Interest Earned On 261.41 F H L M C Mltcl Mtg 2.406% 3/25/23 $0.00201/Pv On 130,378.67 Pv Due 9/25/22 3137BQBZ9 09/26/22 Paid Down 13,218.21 Par Value Of 13,218.21 - 13,321.48 F H L M C Mltcl Mtg 2.406% 3/25/23 Trade Date 9/25/22 3137BQBZ9 09/26/22 Interest Earned On 1,422.08 F H L M C Mltcl Mtg 3.413% 12/25/26 $0.00284/Pv On 500,000.00 Pv Due 9/25/22 3137BUX60 09/26/22 Interest Earned On 912.50 F H L M C Mltcl Mtg 0.7404% 1/25/26 $0.00243/Pv On 375,000.00 Pv Due 9/25/22 3137F4CZ3 09/26/22 Interest Earned On 1,043.44 F H L M C Mltcl Mtg 3.600% 2/25/25 $0.00300/Pv On 347,812.73 Pv Due 9/25/22 3137F4WZ1 09/26/22 Paid Down 472.43 Par Value Of 472.43 - 475.66 F H L M C Mltcl Mtg 3.600% 2/25/25 Trade Date 9/25/22 3137F4WZ1 09/26/22 Interest Earned On 301.81 F H L M C Mltcl Mt 2.77704% 8/25/27 $0.00253/Pv On 119,215.20 Pv Due 9/25/22 3137FBAB2 09/26/22 Paid Down 1,758.12 Par Value Of 1,758.12 - 1,910.30 F H L M C Mltcl Mt 2.77704% 8/25/27 Trade Date 9/25/22 3137FBAB2 09/26/22 Interest Earned On 546.83 F H L M C Mltcl Mt 3.281% 8/25/27 $0.00273/Pv On 200,000.00 Pv Due 9/25/22 3137FBAJ5 09/26/22 Interest Earned On 453.46 F H L M C Mltcl Mt 3.444% 12/25/27 $0.00287/Pv On 158,000.00 Pv Due 9/25/22 3137FEBQ2 09/26/22 Interest Earned On 2,093.75 F H L M C Mltcl Mt 0.40248% 1/25/28 $0.00279/Pv On 750,000.00 Pv Due 9/25/22 3137FETN0 09/26/22 Interest Earned On 1,259.34 F H L M C Mltcl Mt 3.94404% 12/25/29 $0.00329/Pv On 382,582.78 Pv Due 9/25/22 3137FKKM7 00- -M -PF-PC -274-01 00260201 2602 Page 40 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 84 09/26/22 Paid Down 1,110.72 Par Value Of 1,110.72 - 1,128.47 F H L M C Mltcl Mt 3.94404% 12/25/29 Trade Date 9/25/22 3137FKKM7 09/26/22 Interest Earned On 1,039.21 F H L M C Mltcl Mt 0.62136% 1/25/29 $0.00297/Pv On 350,000.00 Pv Due 9/25/22 3137FL6P4 09/26/22 Interest Earned On 280.41 F H L M C Mltcl Mt 2.87496% 11/25/28 $0.00219/Pv On 127,896.86 Pv Due 9/25/22 3137FNAD2 09/26/22 Paid Down 418.59 Par Value Of 418.59 - 425.61 F H L M C Mltcl Mt 2.87496% 11/25/28 Trade Date 9/25/22 3137FNAD2 09/26/22 Interest Earned On 326.49 F H L M C Mltcl Mt 2.258% 6/25/29 $0.00188/Pv On 173,509.65 Pv Due 9/25/22 3137FPJF3 09/26/22 Paid Down 539.54 Par Value Of 539.54 - 542.79 F H L M C Mltcl Mt 2.258% 6/25/29 Trade Date 9/25/22 3137FPJF3 09/26/22 Interest Earned On 317.20 F H L M C Mltcl Mt 2.51196% 7/25/29 $0.00183/Pv On 173,809.95 Pv Due 9/25/22 3137FQ3Y7 09/26/22 Paid Down 449.14 Par Value Of 449.14 - 450.29 F H L M C Mltcl Mt 2.51196% 7/25/29 Trade Date 9/25/22 3137FQ3Y7 09/26/22 Interest Earned On 259.75 F H L M C Mltcl Mt 3.250% 4/25/23 $0.00271/Pv On 95,908.85 Pv Due 9/25/22 3137B3NA2 09/26/22 Paid Down 2,597.47 Par Value Of 2,597.47 - 2,610.86 F H L M C Mltcl Mt 3.250% 4/25/23 Trade Date 9/25/22 3137B3NA2 09/26/22 Purchased 322,989.99 Units Of - 322,989.99 322,989.99 First Am Govt Ob Fd Cl Y Trade Date 9/26/22 31846V203 09/26/22 Interest Earned On 66.16 F N M A Gtd Remic 1.250% 4/25/28 $0.00104/Pv On 63,516.53 Pv Due 9/25/22 3136ADZA0 00- -M -PF-PC -274-01 00260201 2602 Page 41 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 85 1010101010101010101010110110110011101011101001010001100100101001000111110000110110101010001001011110101011011000010111011001011100010101100010010001100100100001110001000010010010001100001001101100010110000000110000011000101010000001001000111000001000101000010010100001001111101011100011100000110110001001110011000111110110100011011000010110110001001101000001011011101110001001001011111111111111111111 09/26/22 Paid Down 1,394.68 Par Value Of 1,394.68 - 1,408.33 F N M A Gtd Remic 1.250% 4/25/28 Trade Date 9/25/22 3136ADZA0 09/26/22 Interest Earned On 165.36 F N M A Gtd Remic 3.103% 7/25/24 $0.00259/Pv On 63,950.19 Pv Due 9/25/22 3136AKXV0 09/26/22 Paid Down 1,734.07 Par Value Of 1,734.07 - 1,726.48 F N M A Gtd Remic 3.103% 7/25/24 Trade Date 9/25/22 3136AKXV0 09/26/22 Interest Earned On 193.16 F N M A Gtd Remic 3.021% 8/25/24 $0.00252/Pv On 76,727.14 Pv Due 9/25/22 3136ALYF2 09/26/22 Paid Down 4,425.84 Par Value Of 4,425.84 - 4,412.87 F N M A Gtd Remic 3.021% 8/25/24 Trade Date 9/25/22 3136ALYF2 09/26/22 Interest Earned On 78.97 F N M A Gtd Remic 2.000% 11/25/31 $0.00167/Pv On 47,382.98 Pv Due 9/25/22 3136AQZK9 09/26/22 Paid Down 1,621.59 Par Value Of 1,621.59 - 1,665.52 F N M A Gtd Remic 2.000% 11/25/31 Trade Date 9/25/22 3136AQZK9 09/26/22 Interest Earned On 1,055.73 F N M A Gtd Remic 2.702% 2/25/26 $0.00225/Pv On 468,863.88 Pv Due 9/25/22 3136ARTE8 09/26/22 Paid Down 19,612.28 Par Value Of 19,612.28 - 19,247.61 F N M A Gtd Remic 2.702% 2/25/26 Trade Date 9/25/22 3136ARTE8 09/26/22 Interest Earned On 876.84 F N M A Gtd Remic 2.639% 12/25/26 $0.00220/Pv On 398,585.59 Pv Due 9/25/22 3136AVY52 09/26/22 Paid Down 429.94 Par Value Of 429.94 - 413.23 F N M A Gtd Remic 2.639% 12/25/26 Trade Date 9/25/22 3136AVY52 09/26/22 Interest Earned On 122.25 F H L M C Mltcl 0.826% 9/25/30 $0.00069/Pv On 177,519.43 Pv Due 9/25/22 3137FWHY9 00- -M -PF-PC -274-01 00260201 2602 Page 42 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 86 09/26/22 Paid Down 1,035.48 Par Value Of 1,035.48 - 1,030.30 F H L M C Mltcl 0.826% 9/25/30 Trade Date 9/25/22 3137FWHY9 09/26/22 Interest Earned On 265.27 F N M A Gtd Remic 4.000% 7/25/40 $0.00333/Pv On 79,579.97 Pv Due 9/25/22 31398NY24 09/26/22 Paid Down 2,696.19 Par Value Of 2,696.19 - 2,709.25 F N M A Gtd Remic 4.000% 7/25/40 Trade Date 9/25/22 31398NY24 09/26/22 Paid Down 1,768.3 Par Value Of 1,768.30 - 1,743.43 F H L M C #Zs8585 3.000% 10/01/30 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132A9RE9 09/26/22 Interest Earned On 234.25 F H L M C #Zs8585 3.000% 10/01/30 August FHLMC Due 9/25/22 3132A9RE9 09/26/22 Paid Down 1,618.99 Par Value Of 1,618.99 - 1,687.09 F H L M C #Zs8673 3.000% 10/01/32 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132A9T64 09/26/22 Interest Earned On 198.87 F H L M C #Zs8673 3.000% 10/01/32 August FHLMC Due 9/25/22 3132A9T64 09/26/22 Paid Down 1,718.54 Par Value Of 1,718.54 - 1,688.20 F H L M C #Zs8665 3.000% 7/01/32 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132A9TW7 09/26/22 Interest Earned On 223.82 F H L M C #Zs8665 3.000% 7/01/32 August FHLMC Due 9/25/22 3132A9TW7 09/26/22 Paid Down 1,206.83 Par Value Of 1,206.83 - 1,167.99 F H L M C #Zs8063 2.500% 9/01/32 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132A85Y1 09/26/22 Interest Earned On 127.65 F H L M C #Zs8063 2.500% 9/01/32 August FHLMC Due 9/25/22 3132A85Y1 00- -M -PF-PC -274-01 00260201 2602 Page 43 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 87 1010101010101010101010110110110101101011101001010001100100101001000101100001010110101011111001011110101011010000001110011001011100010100000010010001100111111111110001000011001000101100001001001110010110000000101110110000101010010000011010111000001111001101100010100111001101111011100010111000101011001001111010101100000110111100110001101100110101001111111111011011100000111010001011111111111111111111 09/26/22 Paid Down 2,092.81 Par Value Of 2,092.81 - 2,248.75 F H L M C #Zt1989 3.500% 1/01/33 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132AEF68 09/26/22 Interest Earned On 287.23 F H L M C #Zt1989 3.500% 1/01/33 August FHLMC Due 9/25/22 3132AEF68 09/26/22 Paid Down 2,111.32 Par Value Of 2,111.32 - 2,008.72 F H L M C #Sb8026 2.500% 12/01/34 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132D54K5 09/26/22 Interest Earned On 304.73 F H L M C #Sb8026 2.500% 12/01/34 August FHLMC Due 9/25/22 3132D54K5 09/26/22 Paid Down 628.05 Par Value Of 628.05 - 582.52 F H L M C #Sb8057 2.000% 8/01/35 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132D55S7 09/26/22 Interest Earned On 93.60 F H L M C #Sb8057 2.000% 8/01/35 August FHLMC Due 9/25/22 3132D55S7 09/26/22 Paid Down 1,200.72 Par Value Of 1,200.72 - 1,273.20 F H L M C #Sc0096 3.000% 10/01/40 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132D9C93 09/26/22 Interest Earned On 328.17 F H L M C #Sc0096 3.000% 10/01/40 August FHLMC Due 9/25/22 3132D9C93 09/26/22 Paid Down 2,289.8 Par Value Of 2,289.80 - 2,202.86 F H L M C #Sb8505 2.500% 10/01/35 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132D6NW6 09/26/22 Interest Earned On 337.20 F H L M C #Sb8505 2.500% 10/01/35 August FHLMC Due 9/25/22 3132D6NW6 09/26/22 Paid Down 910.34 Par Value Of 910.34 - 866.10 F H L M C #Sb8015 2.500% 11/01/34 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132D53Y6 00- -M -PF-PC -274-01 00260201 2602 Page 44 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 88 09/26/22 Interest Earned On 109.75 F H L M C #Sb8015 2.500% 11/01/34 August FHLMC Due 9/25/22 3132D53Y6 09/26/22 Paid Down 75,760.51 Par Value Of 75,760.51 - 75,725.00 F N M A #Al3168 2.391% 2/01/23 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3138EKQW8 09/26/22 Interest Earned On 194.25 F N M A #Al3168 2.391% 2/01/23 August FNMA Due 9/25/22 3138EKQW8 09/26/22 Paid Down 21,201.29 Par Value Of 21,201.29 - 21,191.35 F N M A #Al3251 2.379% 2/01/23 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3138EKTH8 09/26/22 Interest Earned On 316.23 F N M A #Al3251 2.379% 2/01/23 August FNMA Due 9/25/22 3138EKTH8 09/26/22 Paid Down 152.14 Par Value Of 152.14 - 157.86 F N M A #Bl1077 4.000% 12/01/28 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140HSFT3 09/26/22 Interest Earned On 408.32 F N M A #Bl1077 4.000% 12/01/28 August FNMA Due 9/25/22 3140HSFT3 09/26/22 Paid Down 166.35 Par Value Of 166.35 - 165.00 F N M A #An0992 3.120% 2/01/26 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3138LDC68 09/26/22 Interest Earned On 237.31 F N M A #An0992 3.120% 2/01/26 August FNMA Due 9/25/22 3138LDC68 09/26/22 Paid Down 19,601.21 Par Value Of 19,601.21 - 19,595.09 F N M A #Bm1757 2.413% 4/01/23 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140J55T2 09/26/22 Interest Earned On 149.23 F N M A #Bm1757 2.413% 4/01/23 August FNMA Due 9/25/22 3140J55T2 00- -M -PF-PC -274-01 00260201 2602 Page 45 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 89 1010101010101010101010110110110011101011101001010001100100101001000101100000010110101011101001000110101011001000011000011001011100010011110010010001100011011101110001000011101000101100001001101000010110000000111101011000101010000000010100111000001110111000010010100101100111110111100011110100110101001000101001100110010110100001001110001110110111100110000101011011100100101000101011111111111111111111 09/26/22 Paid Down 199.98 Par Value Of 199.98 - 197.98 F N M A #An1746 2.150% 9/01/23 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3138LD5G4 09/26/22 Interest Earned On 209.48 F N M A #An1746 2.150% 9/01/23 August FNMA Due 9/25/22 3138LD5G4 09/26/22 Paid Down 1,441.04 Par Value Of 1,441.04 - 752.45 F N M A #Ma0293 4.500% 1/01/30 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31417YKF3 09/26/22 Interest Earned On 214.45 F N M A #Ma0293 4.500% 1/01/30 August FNMA Due 9/25/22 31417YKF3 09/26/22 Paid Down 828.41 Par Value Of 828.41 - 800.97 F N M A #Ma2803 2.500% 11/01/31 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418CDH4 09/26/22 Interest Earned On 90.27 F N M A #Ma2803 2.500% 11/01/31 August FNMA Due 9/25/22 31418CDH4 09/26/22 Paid Down 1,788.04 Par Value Of 1,788.04 - 1,873.95 F N M A #Fm1155 2.500% 6/01/32 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140X4H90 09/26/22 Interest Earned On 199.43 F N M A #Fm1155 2.500% 6/01/32 August FNMA Due 9/25/22 3140X4H90 09/26/22 Paid Down 1,752.16 Par Value Of 1,752.16 - 1,807.72 F N M A #Ma4074 2.000% 6/01/35 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418DQ47 09/26/22 Interest Earned On 233.60 F N M A #Ma4074 2.000% 6/01/35 August FNMA Due 9/25/22 31418DQ47 09/26/22 Paid Down 1,129.99 Par Value Of 1,129.99 - 1,095.38 F N M A #Fm3935 2.500% 11/01/34 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140X7LR8 00- -M -PF-PC -274-01 00260201 2602 Page 46 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 90 09/26/22 Interest Earned On 105.03 F N M A #Fm3935 2.500% 11/01/34 August FNMA Due 9/25/22 3140X7LR8 09/26/22 Paid Down 2,936.72 Par Value Of 2,936.72 - 2,882.57 F N M A #Ma4112 3.000% 8/01/35 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418DSA1 09/26/22 Interest Earned On 434.16 F N M A #Ma4112 3.000% 8/01/35 August FNMA Due 9/25/22 31418DSA1 09/26/22 Paid Down 1,825.88 Par Value Of 1,825.88 - 1,910.97 F N M A #Fm3936 2.500% 8/01/35 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140X7LS6 09/26/22 Interest Earned On 176.04 F N M A #Fm3936 2.500% 8/01/35 August FNMA Due 9/25/22 3140X7LS6 09/26/22 Paid Down 1,514.43 Par Value Of 1,514.43 - 1,597.97 F N M A #Bm1978 3.000% 10/01/32 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140J6FU6 09/26/22 Interest Earned On 158.08 F N M A #Bm1978 3.000% 10/01/32 August FNMA Due 9/25/22 3140J6FU6 09/26/22 Paid Down 1,760.68 Par Value Of 1,760.68 - 1,827.62 F N M A #Ma4226 2.000% 12/01/30 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418DVU3 09/26/22 Interest Earned On 194.32 F N M A #Ma4226 2.000% 12/01/30 August FNMA Due 9/25/22 31418DVU3 09/26/22 Paid Down 1,444.43 Par Value Of 1,444.43 - 1,492.56 F N M A #Ma4279 2.000% 3/01/36 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418DXH0 09/26/22 Interest Earned On 229.09 F N M A #Ma4279 2.000% 3/01/36 August FNMA Due 9/25/22 31418DXH0 00- -M -PF-PC -274-01 00260201 2602 Page 47 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 91 1010101010101010101010110110110001101011101001010001100100101001000101100001110110101011011001000110101011000000011001011001011100010000110010010001100011101111110001000010011001001100001001111111110110000000100010111000101010000110011000111000001110001111110010100000101000100111100011010001100001001000100111010110101110101111111011110100110100101110101011011011100110011000101011111111111111111111 09/26/22 Paid Down 1,786.06 Par Value Of 1,786.06 - 1,781.59 F N M A #Fm3340 3.500% 5/01/35 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3140X6WA5 09/26/22 Interest Earned On 210.66 F N M A #Fm3340 3.500% 5/01/35 August FHLMC Due 9/25/22 3140X6WA5 09/26/22 Paid Down 3,937.11 Par Value Of 3,937.11 - 3,681.20 F N M A #Ma4497 2.000% 11/01/36 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418D7K2 09/26/22 Interest Earned On 691.43 F N M A #Ma4497 2.000% 11/01/36 August FNMA Due 9/25/22 31418D7K2 09/26/22 Paid Down 1,283.65 Par Value Of 1,283.65 - 1,220.67 F N M A #Ma4603 2.500% 4/01/37 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418EDH0 09/26/22 Interest Earned On 351.05 F N M A #Ma4603 2.500% 4/01/37 August FNMA Due 9/25/22 31418EDH0 09/26/22 Purchased 41,864.53 Par Value Of - 39,391.91 39,391.91 F N M A Gtd Remic 2.000% 10/25/40 Trade Date 9/21/22 Purchased Through Stonex Financial Inc./Bd Rates Swift External Ref#: 00953900003730A 41,864.53 Par Value At 94.09376133 % 3136A8V64 09/26/22 Paid Accrued Interest On Purchase Of - 58.15 F N M A Gtd Remic 2.000% 10/25/40 Income Debit 58.15- USD 3136A8V64 09/26/22 Purchased 22,950.78 Par Value Of - 21,724.34 21,724.34 G N M A Gtd Remic 1.500% 8/20/27 Trade Date 9/21/22 Purchased Through Millennium Advisors, LLC Swift External Ref#: 00953900003720D 22,950.78 Par Value At 94.65622885 % 38378HAU0 09/26/22 Paid Accrued Interest On Purchase Of - 23.91 G N M A Gtd Remic 1.500% 8/20/27 Income Debit 23.91- USD 38378HAU0 00- -M -PF-PC -274-01 00260201 2602 Page 48 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 92 09/26/22 Purchased 94,872.58 Par Value Of - 87,075.24 87,075.24 F N M A #Bl5365 Trade Date 9/21/22 Purchased Through Brean Capital LLC Swift External Ref#: 00953900003740A 94,872.58 Par Value At 91.78124921 % 3140HW6B3 09/26/22 Paid Accrued Interest On Purchase Of - 139.01 F N M A #Bl5365 Income Debit 139.01- USD 3140HW6B3 09/26/22 Cash Disbursement - 9,650.37 Transfer To Principal 1 09/26/22 Cash Receipt 9,650.37 Transfer From Income 1 09/26/22 Purchased 50,464.73 Units Of - 50,464.73 50,464.73 First Am Govt Ob Fd Cl Y Trade Date 9/26/22 31846V203 09/26/22 Purchased 266,812.14 Par Value Of - 255,972.90 255,972.90 F H L M C Mltcl Mt 2.82996% 5/25/30 Trade Date 8/31/22 Purchased Through Stonex Financial Inc./Bd Rates 266,812.14 Par Value At 95.93750119 % Revs/Repost Ctas Adjust 9/26/22 3137BPVM8 09/26/22 Paid Accrued Interest On Purchase Of - 104.87 F H L M C Mltcl Mt 2.82996% 5/25/30 Income Debit 104.87- USD 3137BPVM8 09/27/22 Interest Earned On 571.67 F H L M C Mltcl Mt 3.430% 2/25/50 3137BVZ82 09/27/22 Interest Earned On 496.70 F H L M C Mltcl Mtg 2.682% 10/25/22 0.002235 USD/$1 Pv On 222,235.84 Par Value Due 9/25/22 3137AYCE9 09/27/22 Purchased 295,432.74 Units Of - 295,432.74 295,432.74 First Am Govt Ob Fd Cl Y Trade Date 9/27/22 31846V203 09/27/22 Purchased 100,000 Par Value Of - 96,343.75 96,343.75 F N M A #109412 3.680% 8/01/28 Trade Date 9/22/22 Purchased Through Brean Capital LLC Swift External Ref#: 00953900003770A 100,000 Par Value At 96.34375 % 313637N55 00- -M -PF-PC -274-01 00260201 2602 Page 49 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 93 1010101010101010101010110110110111101011101001010001100100101001000101100001110110101010111001001010101011011000011100011001011100010110100010010001100000111101110001000010111001001100001001000110010110000000101001010000101010000001111010111000001010000101100010100110110010010111100010111111001011001001100101000001010110101001001001101100110001001101101101011011100101111010101011111111111111111111 09/27/22 Paid Accrued Interest On Purchase Of - 265.78 F N M A #109412 3.680% 8/01/28 Income Debit 265.78- USD 313637N55 09/27/22 Cash Disbursement - 17,148.37 Transfer To Principal 1 09/27/22 Cash Receipt 17,148.37 Transfer From Income 1 09/27/22 Sold 96,609.53 Units Of 96,609.53 - 96,609.53 First Am Govt Ob Fd Cl Y Trade Date 9/27/22 31846V203 09/27/22 Matured 38,286.6 Par Value Of 38,286.60 - 38,322.49 F H L M C Mltcl Mt 2.573% 9/25/22 Trade Date 9/25/22 38,286.6 Par Value At 100 % 3137AXHP1 09/28/22 Cash Disbursement - 1,173.24 Transfer To Principal 1 09/28/22 Cash Receipt 1,173.24 Transfer From Income 1 09/30/22 Sold 1,024,000.63 Units Of 1,024,000.63 - 1,024,000.63 First Am Govt Ob Fd Cl Y Trade Date 9/30/22 31846V203 09/30/22 Purchased 1,025,000 Par Value Of - 1,024,000.63 1,024,000.63 F H L B Disc Nts 10/13/22 Trade Date 9/30/22 Purchased Through Bny Capital Markets, Inc. Swift External Ref#: 00953900003820A 1,025,000 Par Value At 99.90250049 % 313385K47 00- -M -PF-PC -274-01 00260201 2602 Page 50 of 68 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SENIOR LIEN REF BDS 2021 SERIES A (TAX)AND 2021 SERIES B SENIOR BDS RESERVE ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost Ending Balance 09/30/2022 $0.00 $0.00 $37,515,834.09 0455205-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 226122002 TRANSACTION DETAIL (continued) 94 18,117.890 First American Government 18,117.89 18,117.89 0.3 446.25 Oblig Fd Cl Y 1.0000 1.00 2.46 31846V203 28,642.830 F H L M C Multiclass Mtg Partn 28,547.74 28,913.60 0.4 755.31 C M O Ser K027 Cl A2 99.6680 100.95 2.65 3137B1UG5 Standard & Poors Rating: N/A Moodys Rating: N/A 500,000.000 U S Treasury Note 494,210.00 493,828.13 6.8 625.00 0.125 01/31/2023 98.8420 98.77 .13 Standard & Poors Rating: N/A Moodys Rating: Aaa 46,553.440 F H L M C Multiclass Mtg Partn 46,383.99 46,891.67 0.6 1,545.57 C M O Ser K029 Cl A2 99.6360 100.73 3.33 3137B36J2 Standard & Poors Rating: N/A Moodys Rating: N/A 10,216.090 F N M A Partn Cert 10,190.14 10,212.90 0.1 246.51 Pool #Bm1757 99.7460 99.97 2.42 3140J55T2 Standard & Poors Rating: N/A Moodys Rating: N/A 5,641.000 F N M A Gtd R E M I C Pass Thru 5,603.49 5,559.91 0.1 84.62 C M O Ser 2013 36 Cl KC 99.3350 98.56 1.51 3136ADFF1 Standard & Poors Rating: N/A Moodys Rating: N/A 11,124.180 F N M A Gtd R E M I C Pass Thru 11,046.53 11,166.38 0.2 298.68 C M O Ser 2013 M14 Cl Apt 99.3020 100.38 2.70 3136AHAE0 Standard & Poors Rating: N/A Moodys Rating: N/A #3763 2.637 01/25/2023 91282CBG5 3.320 02/25/2023 2.493 04/01/2023 1.500 04/25/2023 04/25/2023 Var 0.3 $446.25 $18,117.89 $18,117.89 00- -M -PF-PC -274-01 00260201 2602 Page 3 of 51 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 Cash Equivalents Total Cash Equivalents US Government Issues ACCOUNT NUMBER: 238302001 ASSET DETAIL AS OF 09/30/22 95 1010101010101010101010110110110111101011101001010001100100101001000101000001110110101010111001011110101011011000001100011001011000010001010010010111100100101101110001000011110010001100001001111111010110000000111001011000101010001010010110111000001010111110010010100011110011100111100010001110000111001001000100001111011110111010011100011100110001000101000001011011100101111000001011111111111111111111 350,000.000 U S Treasury Note 350,353.50 350,739.66 4.8 1,137.50 10/31/2023 Var 100.1010 100.21 .32 Standard & Poors Rating: N/A Moodys Rating: Aaa 155,000.000 U S Treasury Note 144,773.10 147,358.99 2.0 387.50 0.250 06/15/2024 93.4020 95.07 .27 Standard & Poors Rating: N/A Moodys Rating: Aaa 189,310.230 F H L M C Multiclass Mtg Partn 183,723.69 194,315.63 2.5 1,001.38 C M O Ser Kbx1 Cl A1 97.0490 102.64 .54 3137F4CY6 Standard & Poors Rating: N/A Moodys Rating: N/A 40,000.000 F H L M C M T N 39,441.60 40,000.00 0.6 1,600.00 4.000 12/30/2024 98.6040 100.00 4.06 Standard & Poors Rating: AA+ Moodys Rating: Aaa 17,984.820 F H L M C Multiclass Mtg Partn 17,572.07 17,923.00 0.2 503.93 C M O Ser K050 Cl A1 97.7050 99.66 2.87 3137BLW87 Standard & Poors Rating: N/A Moodys Rating: N/A 29,923.630 G N M A Pass Thru Cert 29,627.09 30,345.97 0.4 1,346.56 Pool #711168 99.0090 101.41 4.54 36297GCD0 Standard & Poors Rating: N/A Moodys Rating: N/A 85,000.000 Federal Home Loan Bks 80,419.35 85,000.00 1.1 1,870.00 2.200 02/28/2025 94.6110 100.00 2.32 Standard & Poors Rating: AA+ Moodys Rating: Aaa 50,000.000 U S Treasury Note 47,361.50 51,148.44 0.7 1,062.50 2.125 05/15/2025 94.7230 102.30 2.24 Standard & Poors Rating: N/A Moodys Rating: Aaa 91282CDE8 91282CCG4 2.920 09/25/2024 3134GXA61 2.802 01/25/2025 4.500 02/15/2025 3130AR2C4 912828XB1 00- -M -PF-PC -274-01 00260201 2602 Page 4 of 51 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 ASSET DETAIL AS OF 09/30/22 (continued) 96 15,000.000 F H L M C Multiclass Mtg Partn 14,517.60 14,944.34 0.2 499.35 C M O Ser K047 Cl A2 96.7840 99.63 3.44 3137BKRJ1 Standard & Poors Rating: N/A Moodys Rating: N/A 150,000.000 F H L M C Multiclass Mtg Partn 144,960.00 158,296.50 2.0 4,926.00 C M O Ser K048 Cl A2 96.6400 105.53 3.40 3137BLAC2 Standard & Poors Rating: N/A Moodys Rating: N/A 200,000.000 F H L M C Multiclass Mtg Partn 188,352.00 208,911.36 2.6 5,698.00 C M O Ser Kir1 Cl A2 94.1760 104.46 3.02 3137BP4K2 Standard & Poors Rating: N/A Moodys Rating: N/A 74,571.510 F N M A Partn Cert 69,575.22 72,229.51 1.0 1,901.57 Pool #An1613 93.3000 96.86 2.73 3138LDYK3 Standard & Poors Rating: N/A Moodys Rating: N/A 17,397.610 G N M A Gtd R E M I C Pass Thru 17,311.84 17,671.99 0.2 521.93 C M O Ser 2011 158 Cl Ca 99.5070 101.58 3.01 38378AU90 Standard & Poors Rating: N/A Moodys Rating: N/A 37,627.730 F H L M C Multiclass Mtg Partn 36,895.12 37,236.77 0.5 752.55 C M O Ser 4272 Cl Yg 98.0530 98.96 2.04 3137B6DF5 Standard & Poors Rating: N/A Moodys Rating: N/A 39,818.330 G N M A I I Pass Thru Cert 38,706.60 41,192.95 0.5 1,194.55 Pool #005300 97.2080 103.45 3.09 36202F3H7 Standard & Poors Rating: N/A Moodys Rating: N/A 77,328.230 G N M A Pass Thru Cert 75,218.72 79,660.92 1.0 2,319.85 Pool #778953 97.2720 103.02 3.08 36176XE21 Standard & Poors Rating: N/A Moodys Rating: N/A 3.329 05/25/2025 06/25/2025 Var 2.849 03/25/2026 2.550 07/01/2026 3.000 10/20/2026 2.000 11/15/2026 3.000 02/20/2027 3.000 03/15/2027 00- -M -PF-PC -274-01 00260201 2602 Page 5 of 51 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 ASSET DETAIL AS OF 09/30/22 (continued) 97 1010101010101010101010110110110101101011101001010001100100101001000101000000110110101010101001001010101011010000010001011001011000010001100010010111100111000001110001000011011001101100001001100110110110000000101111001000101010000101000010111000001010110011110010100100000001000011100011010010100010001000110001110110001110111001001011110000110111100100001111011011101011101010001011111111111111111111 25,000.000 F H L M C Multiclass Mtg Partn 23,682.50 24,175.78 0.3 822.75 C M O Ser S8Fx Cl A2 94.7300 96.70 3.47 3137BXRT1 Standard & Poors Rating: N/A Moodys Rating: N/A 61,883.100 F H L M C Multiclass Mtg Partn 58,845.26 62,768.65 0.8 928.25 C M O Ser 4039 Cl Qb 95.0910 101.43 1.58 3137AQQE1 Standard & Poors Rating: N/A Moodys Rating: N/A 26,898.380 G N M A Partn Cert 26,133.12 27,878.33 0.4 806.95 Pool #779250 97.1550 103.64 3.09 36176XQB8 Standard & Poors Rating: N/A Moodys Rating: N/A 38,633.800 G N M A Gtd R E M I C Pass Thru 36,372.95 39,153.61 0.5 579.51 C M O Ser 2012 96 Cl Ad 94.1480 101.35 1.59 38378HAU0 Standard & Poors Rating: N/A Moodys Rating: N/A 200,000.000 F H L M C Multiclass Mtg Partn 188,700.00 210,479.94 2.6 6,562.00 C M O Ser Kir3 Cl A2 94.3500 105.24 3.48 3137FBAJ5 Standard & Poors Rating: N/A Moodys Rating: N/A 127,245.170 F H L M C Multiclass Mtg Partn 122,856.48 138,259.55 1.7 3,533.65 C M O Ser Kir3 Cl A1 96.5510 108.66 2.88 3137FBAB2 Standard & Poors Rating: N/A Moodys Rating: N/A 27,638.630 F N M A Gtd R E M I C Pass Thru 25,999.66 28,052.76 0.4 414.58 C M O Ser 2012 102 Cl Bj 94.0700 101.50 1.59 3136A8SX9 Standard & Poors Rating: N/A Moodys Rating: N/A 53,152.960 F H L M C Multiclass Mtg Partn 52,317.40 54,032.45 0.7 1,328.82 C M O Ser 4328 Cl Ea 98.4280 101.65 2.54 3137B9RN7 Standard & Poors Rating: N/A Moodys Rating: N/A 3.291 03/25/2027 1.500 05/15/2027 3.000 05/15/2027 1.500 08/20/2027 3.281 08/25/2027 3.038 08/25/2027 1.500 09/15/2027 2.500 12/15/2027 00- -M -PF-PC -274-01 00260201 2602 Page 6 of 51 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 ASSET DETAIL AS OF 09/30/22 (continued) 98 49,102.780 G N M A I I Pass Thru Cert 47,458.82 50,831.58 0.7 1,473.08 Pool #Ma0602 96.6520 103.52 3.10 36179MU32 Standard & Poors Rating: N/A Moodys Rating: N/A 25,000.000 F H L M C Multiclass Mtg Partn 23,728.25 24,608.40 0.3 861.00 C M O Ser K072 Cl A2 94.9130 98.43 3.63 3137FEBQ2 Standard & Poors Rating: N/A Moodys Rating: N/A 19,206.520 G N M A I I Pass Thru Cert 18,589.41 19,922.41 0.3 576.20 Pool #Ma0909 96.7870 103.73 3.10 36179NAJ7 Standard & Poors Rating: N/A Moodys Rating: N/A 54,742.720 G N M A I I Partn Cert 52,759.39 57,134.24 0.7 1,642.28 Pool #Ma1134 96.3770 104.37 3.11 36179NHK7 31,985.010 F N M A Gtd R E M I C Pass Thru 30,312.19 32,511.84 0.4 559.74 C M O Ser 2013 70 Cl Dg 94.7700 101.65 1.85 3136AEY84 Standard & Poors Rating: N/A Moodys Rating: N/A 15,000.000 F N M A Partn Cert 14,392.65 14,451.56 0.2 552.00 Pool #109412 95.9510 96.34 3.83 313637N55 Standard & Poors Rating: N/A Moodys Rating: N/A 5,373.390 F H L M C Multiclass Mtg Partn 5,234.70 5,402.68 0.1 134.33 C M O Ser 4257 Cl Ek 97.4190 100.55 2.57 3137B5A60 Standard & Poors Rating: N/A Moodys Rating: N/A 141,642.520 F H L M C Multiclass Mtg Partn 133,043.40 144,018.54 1.8 4,072.17 C M O Ser K095 Cl A1 93.9290 101.68 3.06 3137FNAD2 Standard & Poors Rating: N/A Moodys Rating: N/A 3.000 12/20/2027 3.444 12/25/2027 3.000 04/20/2028 3.000 07/20/2028 1.750 07/25/2028 3.680 08/01/2028 2.500 10/15/2028 2.631 11/25/2028 00- -M -PF-PC -274-01 00260201 2602 Page 7 of 51 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 ASSET DETAIL AS OF 09/30/22 (continued) 99 1010101010101010101010110110110011101011101001010001100100101001000101000001010110101010011001000110101011001000011011011001011000010101100010010111100000111101110001000010100011101100001001001110110110000000110101010000101010011100010100111000001011111100000010100100010110111011100011100111001101001000011001110101110110101001010110000100110000100100010101011011100011011010101011111111111111111111 23,678.310 F N M A Partn Cert 23,063.38 24,568.10 0.3 947.13 Pool #Bl1077 97.4030 103.76 4.11 3140HSFT3 Standard & Poors Rating: N/A Moodys Rating: N/A 186,994.720 F H L M C Multiclass Mtg Partn 172,121.16 188,120.41 2.4 4,222.34 C M O Ser K099 Cl A1 92.0460 100.60 2.45 3137FPJF3 Standard & Poors Rating: N/A Moodys Rating: N/A 88,568.700 F H L M C Multiclass Mtg Partn 82,344.98 92,914.67 1.1 1,962.72 C M O Ser KC05 Cl Asb 92.9730 104.91 2.38 3137FPJP1 Standard & Poors Rating: N/A Moodys Rating: N/A 187,417.110 F H L M C Multiclass Mtg Partn 171,674.07 187,898.96 2.4 4,707.84 C M O Ser K101 Cl A1 91.6000 100.26 2.74 3137FQ3Y7 Standard & Poors Rating: N/A Moodys Rating: N/A 31,731.290 F N M A Partn Cert 30,898.98 33,696.38 0.4 1,427.91 Pool #Ma0293 97.3770 106.19 4.62 31417YKF3 Standard & Poors Rating: N/A Moodys Rating: N/A 146,876.170 F H L M C Gold Partn Cert 138,642.29 155,870.61 1.9 4,406.29 Pool #J32243 94.3940 106.12 3.18 31307NP40 Standard & Poors Rating: N/A Moodys Rating: N/A 50,648.060 G N M A I I Partn Cert 48,135.92 52,957.23 0.7 1,772.68 Pool #Ma2936 95.0400 104.56 3.68 36179RHM4 Standard & Poors Rating: N/A Moodys Rating: N/A 176,483.950 F H L M C Multiclass Mtg Partn 147,487.64 175,601.52 2.0 1,457.76 C M O Ser 2020 P003 Cl A1 83.5700 99.50 .99 3137FWHY9 Standard & Poors Rating: N/A Moodys Rating: N/A 4.000 12/01/2028 2.258 06/25/2029 2.230 07/25/2029 2.190 07/25/2029 4.500 01/01/2030 3.000 07/01/2030 3.500 07/20/2030 0.826 09/25/2030 00- -M -PF-PC -274-01 00260201 2602 Page 8 of 51 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 ASSET DETAIL AS OF 09/30/22 (continued) 100 9,193.330 F H L M C Partn Cert Mirror 8,659.38 9,064.06 0.1 275.80 Pool #Zs8585 94.1920 98.59 3.18 3132A9RE9 Standard & Poors Rating: N/A Moodys Rating: N/A 131,235.670 F N M A Partn Cert Umbs 117,826.01 136,225.42 1.6 2,624.71 Pool #Ma4226 89.7820 103.80 2.23 31418DVU3 Standard & Poors Rating: N/A Moodys Rating: N/A 53,998.440 F N M A Gtd R E M I C Pass Thru 50,527.96 55,461.20 0.7 1,079.97 C M O Ser 2015 89 Cl Ke 93.5730 102.71 2.14 3136AQZK9 Standard & Poors Rating: N/A Moodys Rating: N/A 47,835.720 G N M A I I Partn Cert 45,471.20 50,270.53 0.6 1,674.25 Pool #Ma4691 95.0570 105.09 3.68 36179TF83 Standard & Poors Rating: N/A Moodys Rating: N/A 83,924.570 F H L M C Partn Cert Mirror 78,215.18 87,454.85 1.1 2,517.74 Pool #Zs8673 93.1970 104.21 3.22 3132A9T64 Standard & Poors Rating: N/A Moodys Rating: N/A 67,888.550 F N M A Partn Cert 63,266.02 71,633.28 0.9 2,036.66 Pool #Bm1978 93.1910 105.52 3.22 3140J6FU6 Standard & Poors Rating: N/A Moodys Rating: N/A 27,138.770 F N M A Partn Cert Umbs 23,943.72 27,932.85 0.3 542.78 Pool #Ma4074 88.2270 102.93 2.27 31418DQ47 Standard & Poors Rating: N/A Moodys Rating: N/A 34,145.220 F N M A Partn Cert Umbs 31,744.47 33,515.68 0.4 1,024.36 Pool #Ma4112 92.9690 98.16 3.23 31418DSA1 Standard & Poors Rating: N/A Moodys Rating: N/A 3.000 10/01/2030 2.000 12/01/2030 2.000 11/25/2031 3.500 09/20/2032 3.000 10/01/2032 3.000 10/01/2032 2.000 06/01/2035 3.000 08/01/2035 00- -M -PF-PC -274-01 00260201 2602 Page 9 of 51 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 ASSET DETAIL AS OF 09/30/22 (continued) 101 1010101010101010101010110110110001101011101001010001100100101001000111000001110110101011001001001110101011010000000111011001011000010000110010010110100111011001110001000011001001101100001000110001010110000000111010110000101010010000010100111000001110111100110010100110100000010111100011001011111111001001001011000111110110110100001011010110110001101101000111011011101001001011001011111111111111111111 16,020.470 F H L M C Partn Cert 14,555.08 15,412.21 0.2 400.51 Pool #Sb8505 90.8530 96.20 2.75 3132D6NW6 Standard & Poors Rating: N/A Moodys Rating: N/A 155,436.480 F N M A Partn Cert Umbs 137,127.62 160,616.16 1.9 3,108.73 Pool #Ma4279 88.2210 103.33 2.27 31418DXH0 Standard & Poors Rating: N/A Moodys Rating: N/A 28,992.120 G N M A Gtd R E M I C Pass Thru 28,618.41 29,558.86 0.4 869.76 C M O Ser 2010 166 Cl Gp 98.7110 101.95 3.04 38377RVK8 Standard & Poors Rating: N/A Moodys Rating: N/A 40,351.230 G N M A Gtd R E M I C Pass Thru 40,147.05 41,380.05 0.6 1,614.05 C M O Ser 2010 19 Cl Ua 99.4940 102.55 4.02 38376V2E6 Standard & Poors Rating: N/A Moodys Rating: N/A 33,259.210 G N M A Gtd R E M I C Pass Thru 32,828.50 34,349.27 0.5 1,330.37 C M O Ser 2010 15 Cl Pd 98.7050 103.28 4.05 38376WA62 Standard & Poors Rating: N/A Moodys Rating: N/A 14,449.180 G N M A Gtd R E M I C Pass Thru 14,137.66 14,677.82 0.2 433.48 C M O Ser 2010 6 Cl Ab 97.8440 101.58 3.07 38376TTT9 Standard & Poors Rating: N/A Moodys Rating: N/A 29,479.990 G N M A Gtd R E M I C Pass Thru 29,088.79 29,120.70 0.4 589.60 C M O Ser 2011 136 Cl Ga 98.6730 98.78 2.03 38377YTL4 Standard & Poors Rating: N/A Moodys Rating: N/A 7,737.520 G N M A Gtd R E M I C Pass Thru 7,636.93 7,825.60 0.1 232.13 C M O Ser 2011 18 Cl Pg 98.7000 101.14 3.04 38377QKH9 Standard & Poors Rating: N/A Moodys Rating: N/A 2.500 10/01/2035 2.000 03/01/2036 3.000 04/20/2039 4.000 07/16/2039 4.000 10/20/2039 3.000 11/20/2039 2.000 05/20/2040 3.000 08/20/2040 00- -M -PF-PC -274-01 00260201 2602 Page 10 of 51 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 ASSET DETAIL AS OF 09/30/22 (continued) 102 151,161.450 F H L M C Partn Cert 136,010.54 160,286.59 1.9 4,534.84 Pool #Sc0096 89.9770 106.04 3.33 3132D9C93 Standard & Poors Rating: N/A Moodys Rating: N/A 11,402.980 G N M A Gtd R E M I C Pass Thru 11,154.28 11,260.43 0.2 171.04 C M O Ser 2013 47 Cl Ec 97.8190 98.75 1.53 38378JZD7 Standard & Poors Rating: N/A Moodys Rating: N/A 44,775.720 G N M A Gtd R E M I C Pass Thru 43,395.28 44,826.67 0.6 1,119.39 C M O Ser 2013 71 Cl Ga 96.9170 100.11 2.58 38378TAF7 Standard & Poors Rating: N/A Moodys Rating: N/A 95,959.710 G N M A Gtd R E M I C Pass Thru 87,552.68 94,550.30 1.2 1,919.19 C M O Ser 2013 5 Cl Je 91.2390 98.53 2.19 38378FRB8 Standard & Poors Rating: N/A Moodys Rating: N/A 30,942.530 F N M A Gtd R E M I C Pass Thru 29,968.46 31,476.24 0.4 618.85 C M O Ser 2012 148 Cl Mc 96.8520 101.72 2.06 3136ABNZ2 Standard & Poors Rating: N/A Moodys Rating: N/A 113,388.380 F H L M C Multiclass Mtg Partn 103,380.72 115,731.85 1.4 1,984.30 C M O Ser 4165 Cl Te 91.1740 102.07 1.92 3137AYSH5 Standard & Poors Rating: N/A Moodys Rating: N/A 8,126.120 G N M A Gtd R E M I C Pass Thru 7,978.47 8,171.83 0.1 243.78 C M O Ser 2018 153 Cl Wj 98.1830 100.56 3.05 38381AZ58 Standard & Poors Rating: N/A Moodys Rating: N/A 10,583.290 F N M A Partn Cert 10,564.13 10,983.55 0.2 274.74 Pool #Bm6007 99.8190 103.78 2.60 3140JAU97 Standard & Poors Rating: N/A Moodys Rating: N/A 3.000 10/01/2040 1.500 12/20/2040 2.500 07/20/2041 2.000 07/20/2042 2.000 11/25/2042 1.750 12/15/2042 3.000 11/20/2045 06/01/2049 Var 00- -M -PF-PC -274-01 00260201 2602 Page 11 of 51 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 ASSET DETAIL AS OF 09/30/22 (continued) 103 1010101010101010101010110110110111101011101001010001100100101001000111000000110110101010111001010110101011001000011011011001011000010010010010010110100011111101110001000011001111001100001000100011010110000000111110111000101010001011110110111000001010011011110010100101010110001011100011101111011100001000101010111110100110110100011010010010110100100101010101011011100000101001001011111111111111111111 @ .010 Capital One Prime Auto 0.01 0.01 0.0 0.00 A B S Ser 2019 1 Cl A3 100.0000 100.00 .00 14042WAC4 Standard & Poors Rating: AAA Moodys Rating: Aaa Date Last Priced: 09/16/22 85,000.000 Ford Credit Auto Ls Tr 84,816.40 84,863.87 1.2 850.00 A B S Ser 2020 B Cl B 99.7840 99.84 1.00 34531RAF4 Standard & Poors Rating: AAA Moodys Rating: Aaa 3,474.530 Nissan Auto Receivable Owner 3,473.17 3,505.47 0.1 86.86 A B S Ser 2019 B Cl A3 99.9610 100.89 2.50 65479HAC1 Standard & Poors Rating: N/A Moodys Rating: Aaa 30,000.000 Simon Ppty Group L P 29,760.30 30,000.00 0.4 365.57 01/11/2024 Var 99.2010 100.00 1.23 Standard & Poors Rating: A- Moodys Rating: A3 100,000.000 IBM Corp 98,654.00 100,071.00 1.4 3,625.00 3.625 02/12/2024 98.6540 100.07 3.67 Standard & Poors Rating: A- Moodys Rating: A3 100,000.000 American Express Co 98,180.00 99,509.00 1.4 3,400.00 3.400 02/22/2024 98.1800 99.51 3.46 Standard & Poors Rating: BBB+ Moodys Rating: A2 90,000.000 Goldman Sachs Group Inc 89,214.30 90,079.11 1.2 2,110.86 03/08/2024 Var 99.1270 100.09 2.37 Standard & Poors Rating: BBB+ Moodys Rating: A2 2.510 11/15/2023 1.000 11/15/2023 2.500 11/15/2023 828807DR5 459200HU8 025816CC1 38141GXW9 67.7 $107,251.87 $4,903,384.03 $5,270,644.82 00- -M -PF-PC -274-01 00260201 2602 Page 12 of 51 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 Total US Government Issues Corporate Issues ACCOUNT NUMBER: 238302001 ASSET DETAIL AS OF 09/30/22 (continued) 104 11,358.850 Carmax Auto Owner Trust 11,353.28 11,488.86 0.2 304.42 A B S Ser 2019 2 Cl A3 99.9510 101.14 2.68 14316LAC7 Standard & Poors Rating: AAA Moodys Rating: N/A 12,391.420 Ford Credit Auto Owner Trust 12,358.95 12,465.00 0.2 231.72 A B S Ser 2019 Cl A3 99.7380 100.59 1.88 34531KAD4 Standard & Poors Rating: AAA Moodys Rating: Aaa 90,000.000 Jpmorgan Chase Co 89,354.70 90,371.70 1.2 566.41 03/16/2024 Var 99.2830 100.41 .63 Standard & Poors Rating: A- Moodys Rating: A1 100,000.000 Bank Of America Corp 98,847.00 102,044.00 1.4 4,000.00 Medium Term Note 98.8470 102.04 4.05 06051GFF1 Standard & Poors Rating: A- Moodys Rating: A2 90,000.000 Southern Ca Edison Co 1M Glbl 2021C 88,601.40 90,191.70 1.2 2,698.07 24 98.4460 100.21 3.04 842400HC0 Standard & Poors Rating: A- Moodys Rating: A3 75,000.000 Suntrust Bank 73,218.75 74,820.00 1.0 2,400.00 3.200 04/01/2024 97.6250 99.76 3.28 Standard & Poors Rating: A Moodys Rating: A2 1,544.900 CNH Equipment Trust 1,544.53 1,555.40 0.0 46.50 A B S Ser 2019 A Cl A3 99.9760 100.68 3.01 12596JAC7 Standard & Poors Rating: AAA Moodys Rating: Aaa 100,000.000 Comcast Corp 98,349.00 100,302.00 1.4 3,700.00 3.700 04/15/2024 98.3490 100.30 3.76 Standard & Poors Rating: A- Moodys Rating: A3 2.680 03/15/2024 1.870 03/15/2024 46647PCA2 4.000 04/01/2024 04/01/2021 Var 86787EBC0 3.010 04/15/2024 20030NCR0 00- -M -PF-PC -274-01 00260201 2602 Page 13 of 51 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 ASSET DETAIL AS OF 09/30/22 (continued) 105 1010101010101010101010110110110101101011101001010001100100101001000111000001010110101010101001000010101011000000001111011001011000010010010010010110100011011011110001000010010100101100001001101100010110000000110000110000101010001100111010111000001101111110000010100001110000000011100010111010101110001001111000110101100110100001001110001100110000000100011101011011100100011010001011111111111111111111 18,185.810 Honda Auto Receivables 18,032.69 18,129.69 0.3 292.79 A B S Ser 2020 1 Cl A3 99.1580 99.69 1.62 43813RAC1 Standard & Poors Rating: N/A Moodys Rating: Aaa 100,000.000 Morgan Stanley 98,171.00 100,224.00 1.4 3,875.00 Medium Term Note 98.1710 100.22 3.95 61746BDQ6 Standard & Poors Rating: A- Moodys Rating: A1 2,193.550 World Omni Auto Receivables 2,192.45 2,207.60 0.0 56.81 A B S Ser 2019 B Cl A3 99.9500 100.64 2.59 98162VAD1 Standard & Poors Rating: AAA Moodys Rating: N/A 37,083.440 Carmax Auto Owner Trust 36,913.23 37,287.69 0.5 808.42 A B S Ser 2019 3 Cl A3 99.5410 100.55 2.19 14315PAD7 Standard & Poors Rating: AAA Moodys Rating: N/A 6,360.800 Toyota Auto Receivables 6,298.21 6,294.20 0.1 86.51 A B S Ser 2020 B Cl A3 99.0160 98.95 1.37 89239RAC0 Standard & Poors Rating: AAA Moodys Rating: Aaa 32,864.860 Gm Fin Cons Auto Rec Tr 32,638.75 32,785.27 0.5 69.02 A B S Ser 2021 3 Cl A2 99.3120 99.76 .21 380140AB9 Standard & Poors Rating: AAA Moodys Rating: N/A 100,000.000 American Express Credit Account 99,970.00 100,316.41 1.4 2,350.00 A B S Ser 2017 7 Cl A 99.9700 100.32 2.35 02582JHL7 Standard & Poors Rating: AAA Moodys Rating: N/A 15,000.000 Carmax Auto Owner Trust 14,887.65 14,998.85 0.2 421.50 A B S Ser 2022 2 Cl A 2A 99.2510 99.99 2.83 14317HAB7 Standard & Poors Rating: AAA Moodys Rating: Aaa 1.610 04/22/2024 3.875 04/29/2024 2.590 07/15/2024 2.180 08/15/2024 1.360 08/15/2024 0.210 08/16/2024 2.350 05/15/2025 2.810 05/15/2025 00- -M -PF-PC -274-01 00260201 2602 Page 14 of 51 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 ASSET DETAIL AS OF 09/30/22 (continued) 106 125,000.000 Wells Fargo Co 115,642.50 117,652.50 1.6 1,006.25 Medium Term Note 92.5140 94.12 .87 95000U2T9 Standard & Poors Rating: BBB+ Moodys Rating: A1 24,177.250 CNH Equipment Trust 23,723.68 23,897.70 0.3 280.46 A B S Ser 2020 A Cl A3 98.1240 98.84 1.18 12597PAC2 Standard & Poors Rating: AAA Moodys Rating: Aaa 75,000.000 Discover Card Execution Note Trust 74,991.00 75,087.89 1.0 2,108.77 A B S Ser 2018 A2 Cl A2 99.9880 100.12 2.81 254683CE3 Standard & Poors Rating: AAA Moodys Rating: Aaa 100,000.000 American Express Credit Account 99,986.00 100,265.63 1.4 2,801.37 A B S Ser 2018 3 Cl A 99.9860 100.27 2.80 02582JHS2 Standard & Poors Rating: N/A Moodys Rating: Aaa 70,662.900 Carmax Auto Owner Tr 68,377.66 69,591.92 0.9 240.25 A B S Ser 2021 1 Cl A 3 96.7660 98.48 .35 14316NAC3 Standard & Poors Rating: AAA Moodys Rating: N/A 50,000.000 Carmax Auto Own 48,334.00 49,220.70 0.7 260.00 A B S Ser 2021 2 Cl A3 96.6680 98.44 .54 14314QAC8 Standard & Poors Rating: AAA Moodys Rating: N/A 75,000.000 Capital One Multi Asset Execution 74,967.00 75,114.26 1.0 2,124.28 A B S Ser 2018 A2 Cl A2 99.9560 100.15 2.83 14041NFS5 Standard & Poors Rating: AAA Moodys Rating: N/R 25,000.000 Capital One Multi Asset 23,928.75 24,335.94 0.3 700.00 A B S Ser 2022 A1 Cl A1 95.7150 97.34 2.92 14041NFZ9 Standard & Poors Rating: AAA Moodys Rating: N/A 0.805 05/19/2025 1.160 06/16/2025 08/15/2025 Var 10/15/2025 Var 12/15/2025 Var 02/17/2026 Var 03/16/2026 Var 2.800 03/15/2027 00- -M -PF-PC -274-01 00260201 2602 Page 15 of 51 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 ASSET DETAIL AS OF 09/30/22 (continued) 107 1010101010101010101010110110110101101011101001010010100100101001000111010001110110101010001001000010101011011000011010011001011000010111100010010110100000011011110001000011110111101100001000011110110110000000100011000000101010001101111000111000001010101100110010100010000000101011100010100001000000001000101011110010010110111100010010101010110011110111110111011011101000111001101011111111111111111111 90,000.000 Royal Bk Of Canada 89,666.10 90,377.55 1.2 1,299.86 Medium Term Note 99.6290 100.42 1.45 78015K7K4 Standard & Poors Rating: A Moodys Rating: A1 125,000.000 Toronto Dominion Bank 120,598.75 122,986.25 1.7 2,937.50 Medium Term Note 96.4790 98.39 2.44 89114TZR6 Standard & Poors Rating: A Moodys Rating: A1 105,000.000 Dallas Tx Area Rapid Tran Sales Tax 105,082.95 108,839.85 1.5 4,200.00 Rev Taxable Sr Lien Ref Bds 2021 A 100.0790 103.66 4.00 235241VW3 Standard & Poors Rating: AA+ Moodys Rating: Aa2 45,000.000 New York Ny Taxable Go Bds Fiscal 44,505.45 45,105.30 0.6 517.50 1.150 03/01/2023 Taxable 98.9010 100.23 1.16 Standard & Poors Rating: AA Moodys Rating: Aa2 70,000.000 Port Auth N Y N J Taxable 68,238.80 69,628.05 0.9 760.20 Consolidated Nts AAA Ny 97.4840 99.47 1.11 73358W4V3 Standard & Poors Rating: AA- Moodys Rating: Aa3 55,000.000 San Diego Cnty Calif Regl Arptauth 53,329.10 55,000.00 0.7 359.70 Arpt Rev Taxable Sub Ref Bds 2021 Ca 96.9620 100.00 .67 79739GPB6 Standard & Poors Rating: N/A Moodys Rating: A2 10/26/2023 Var 2.350 03/08/2024 4.000 12/01/2022 Taxable 64966QJD3 1.086 07/01/2023 Taxable 0.654 07/01/2023 Taxable 23.7 $41,866.84 $1,716,780.36 $1,738,677.37 2.9 $4,237.36 $210,264.85 $213,363.80 00- -M -PF-PC -274-01 00260201 2602 Page 16 of 51 Security Description RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 Total Corporate Issues Foreign Issues Total Foreign Issues Municipal Issues ACCOUNT NUMBER: 238302001 ASSET DETAIL AS OF 09/30/22 (continued) 108 50,000.000 University Wa Univ Revs Taxable 49,036.50 50,000.00 0.7 735.00 Gen Ref Bds 2022 B 98.0730 100.00 1.50 91523NWT9 Standard & Poors Rating: AA+ Moodys Rating: Aaa 80,000.000 Ref Bds 2021 76,719.20 80,000.00 1.1 736.80 0.921 02/01/2024 Taxable 95.8990 100.00 .96 Standard & Poors Rating: AAA Moodys Rating: Aaa Principal Cash 367.57 367.57 Income Cash - 367.57 - 367.57 Total Cash Time of trade execution and trading party (if not disclosed) will be provided upon request. Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be reflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued, at par value, or at a nominal value. Values shown do not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation. For further information, please contact your Analyst. Yield at Market and Estimated Annual Income are estimates provided for informational purposes only and should not be relied on for making investment, trading, or tax decisions. The estimates may not represent the actual value earned by your investments and they provide no guarantee of what your investments may earn in the future. @ No current price is available. 1.470 07/01/2023 Taxable 346604LK5 5.5 $7,309.20 $396,912.00 $408,573.20 0.0 $0.00 $0.00 100.0 $161,111.52 $7,245,459.13 $7,649,377.08 00- -M -PF-PC -274-01 00260201 2602 Page 17 of 51 Security Description Cash RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 Total Municipal Issues ACCOUNT NUMBER: 238302001 Total Assets ASSET DETAIL AS OF 09/30/22 (continued) ASSET DETAIL MESSAGES 109 09/01/22 Interest Earned On 769.33 Citigroup Inc 3.02786% 9/01/23 0.007693 USD/$1 Pv On 100,000 Par Value Due 9/1/22 172967KX8 09/01/22 Sold 4.46 Units Of 4.46 - 4.46 First Am Govt Ob Fd Cl Y Trade Date 9/1/22 31846V203 09/01/22 Full Call 100,000.00 - 100,811.60 100,000 $1 Pv Citigroup Inc 3.02786% 9/01/23 On 09/01/22 At 1.00 USD ST Capital Loss Of 811.60- USD On Federal Cost Federal Tax Cost 100,811.60 USD Corporate Action Id: 177175 172967KX8 09/01/22 Interest Earned On 258.75 New York Ny 1.150% 3/01/23 0.00575 USD/$1 Pv On 45,000 Par Value Due 9/1/22 64966QJD3 09/01/22 Cash Disbursement - 1,032.54 Transfer To Principal 1 09/01/22 Cash Receipt 1,032.54 Transfer From Income 1 09/01/22 Purchased 101,032.54 Units Of - 101,032.54 101,032.54 First Am Govt Ob Fd Cl Y Trade Date 9/1/22 31846V203 09/01/22 Interest Earned On 360.25 First Am Govt Ob Fd Cl Y Interest From 8/1/22 To 8/31/22 31846V203 09/02/22 Cash Disbursement - 355.79 Transfer To Principal 1 09/02/22 Cash Receipt 355.79 Transfer From Income 1 09/02/22 Purchased 360.25 Units Of - 360.25 360.25 First Am Govt Ob Fd Cl Y Trade Date 9/2/22 31846V203 09/08/22 Interest Earned On 1,452.43 Toronto Mtn 2.350% 3/08/24 0.011619 USD/$1 Pv On 125,000 Par Value Due 9/8/22 89114TZR6 00- -M -PF-PC -274-01 00260201 2602 Page 19 of 51 Beginning Balance 09/01/2022 $.00 $.00 $7,639,353.79 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL 110 1010101010101010101010110110110001101011101001010010100100101001000101010000110110101011101001001110101011001000001011011001011000010111000010010110100110010101110001000011000010001100001001111110110110000000110101000000101010001010010010111000001011111001100010100000101111000111100011001001101101001000011100110101010110101111011111110100110111110111001111011011101110011010101011111111111111111111 09/08/22 Purchased 1,452.43 Units Of - 1,452.43 1,452.43 First Am Govt Ob Fd Cl Y Trade Date 9/8/22 31846V203 09/08/22 Interest Earned On 539.44 Goldman Sachs 2.3454% 3/08/24 0.005994 USD/$1 Pv On 90,000 Par Value Due 9/8/22 38141GXW9 09/08/22 Cash Disbursement - 539.44 Transfer To Principal 1 09/08/22 Cash Receipt 539.44 Transfer From Income 1 09/08/22 Purchased 539.44 Units Of - 539.44 539.44 First Am Govt Ob Fd Cl Y Trade Date 9/8/22 31846V203 09/09/22 Cash Disbursement - 1,452.43 Transfer To Principal 1 09/09/22 Cash Receipt 1,452.43 Transfer From Income 1 09/12/22 Matured 200,000 Par Value Of 200,000.00 - 201,016.20 Mizuho Financial 2.60129% 9/11/22 Trade Date 9/11/22 200,000 Par Value At 100 % 60687YAN9 09/12/22 Interest Earned On 1,300.65 Mizuho Financial 2.60129% 9/11/22 0.006503 USD/$1 Pv On 200,000 Par Value Due 9/11/22 60687YAN9 09/12/22 Cash Disbursement - 1,300.65 Transfer To Principal 1 09/12/22 Cash Receipt 1,300.65 Transfer From Income 1 09/12/22 Purchased 201,300.65 Units Of - 201,300.65 201,300.65 First Am Govt Ob Fd Cl Y Trade Date 9/12/22 31846V203 09/15/22 Interest Earned On 2.90 Capital One Prime 2.510% 11/15/23 $0.00209/Pv On 1,382.19 Pv Due 9/15/22 14042WAC4 00- -M -PF-PC -274-01 00260201 2602 Page 20 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 111 09/15/22 Paid Down 1,382.18 Par Value Of 1,382.18 - 1,386.81 Capital One Prime 2.510% 11/15/23 Princ/Int Due 14042WAC4 09/15/22 Paid Down 40,000 Par Value Of 40,000.00 - 40,150.00 Capital One Multi 2.290% 7/15/25 Cmo Final Paydown 14041NFQ9 09/15/22 Paid Down 100,000 Par Value Of 100,000.00 - 100,078.13 Ford Credit 3.0907% 9/15/24 Cmo Final Paydown 34528QHB3 09/15/22 Paid Down 460.72 Par Value Of 460.72 - 464.61 World Omni 1.700% 1/15/23 Cmo Final Paydown 98162HAC4 09/15/22 Interest Earned On 12.96 CNH Equipment Trust 3.010% 4/15/24 $0.00251/Pv On 5,165.88 Pv Due 9/15/22 12596JAC7 09/15/22 Paid Down 3,620.98 Par Value Of 3,620.98 - 3,645.60 CNH Equipment Trust 3.010% 4/15/24 Trade Date 9/15/22 12596JAC7 09/15/22 Interest Earned On 24.30 CNH Equipment Trust 1.160% 6/16/25 $0.00097/Pv On 25,135.66 Pv Due 9/15/22 12597PAC2 09/15/22 Paid Down 958.41 Par Value Of 958.41 - 947.33 CNH Equipment Trust 1.160% 6/16/25 Trade Date 9/15/22 12597PAC2 09/15/22 Interest Earned On 8.05 Toyota Auto 1.360% 8/15/24 $0.00113/Pv On 7,106.22 Pv Due 9/15/22 89239RAC0 09/15/22 Paid Down 745.42 Par Value Of 745.42 - 737.62 Toyota Auto 1.360% 8/15/24 Trade Date 9/15/22 89239RAC0 09/15/22 Purchased 147,215.92 Units Of - 147,215.92 147,215.92 First Am Govt Ob Fd Cl Y Trade Date 9/15/22 31846V203 09/15/22 Interest Earned On 79.84 F H L M C Mltcl Mtg 1.500% 5/15/27 $0.00125/Pv On 63,866.10 Pv Due 9/15/22 3137AQQE1 00- -M -PF-PC -274-01 00260201 2602 Page 21 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 112 1010101010101010101010110110110111101011101001010010100100101001000101010001110110101011011001001110101011000000011100011001011000010100010010010110100001001111110001000010001001101100001000110111110110000000111011010000101010010111011100111000001000111101100010100110011001101111100011100100101101001001101011001101010110110110000011010100110100101100110011011011100011111011001011111111111111111111 09/15/22 Paid Down 1,983 Par Value Of 1,983.00 - 2,011.40 F H L M C Mltcl Mtg 1.500% 5/15/27 Trade Date 9/15/22 3137AQQE1 09/15/22 Interest Earned On 167.96 F H L M C Mltcl Mtg 1.750% 12/15/42 $0.00146/Pv On 115,171.66 Pv Due 9/15/22 3137AYSH5 09/15/22 Paid Down 1,783.28 Par Value Of 1,783.28 - 1,820.13 F H L M C Mltcl Mtg 1.750% 12/15/42 Trade Date 9/15/22 3137AYSH5 09/15/22 Interest Earned On 11.87 F H L M C Mltcl Mtg 2.500% 10/15/28 $0.00208/Pv On 5,699.95 Pv Due 9/15/22 3137B5A60 09/15/22 Paid Down 326.56 Par Value Of 326.56 - 328.34 F H L M C Mltcl Mtg 2.500% 10/15/28 Trade Date 9/15/22 3137B5A60 09/15/22 Interest Earned On 67.35 F H L M C Mltcl Mtg 2.000% 11/15/26 $0.00167/Pv On 40,410.74 Pv Due 9/15/22 3137B6DF5 09/15/22 Paid Down 2,783.01 Par Value Of 2,783.01 - 2,754.09 F H L M C Mltcl Mtg 2.000% 11/15/26 Trade Date 9/15/22 3137B6DF5 09/15/22 Interest Earned On 118.13 F H L M C Mltcl Mtg 2.500% 12/15/27 $0.00208/Pv On 56,702.39 Pv Due 9/15/22 3137B9RN7 09/15/22 Paid Down 3,549.43 Par Value Of 3,549.43 - 3,607.91 F H L M C Mltcl Mtg 2.500% 12/15/27 Trade Date 9/15/22 3137B9RN7 09/15/22 Interest Earned On 195.83 American Express 2.350% 5/15/25 $0.00196/Pv On 100,000.00 Pv Due 9/15/22 02582JHL7 09/15/22 Interest Earned On 233.45 American Express 2.80137% 10/15/25 $0.00233/Pv On 100,000.00 Pv Due 9/15/22 02582JHS2 09/15/22 Interest Earned On 76.33 Capital One Multi 2.290% 7/15/25 $0.00191/Pv On 40,000.00 Pv Due 9/15/22 14041NFQ9 00- -M -PF-PC -274-01 00260201 2602 Page 22 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 113 09/15/22 Interest Earned On 177.02 Capital One Multi 2.83237% 3/16/26 $0.00236/Pv On 75,000.00 Pv Due 9/15/22 14041NFS5 09/15/22 Interest Earned On 58.33 Capital One Multi 2.800% 3/15/27 $0.00233/Pv On 25,000.00 Pv Due 9/15/22 14041NFZ9 09/15/22 Interest Earned On 21.67 Carmax Auto Own 0.520% 2/17/26 $0.00043/Pv On 50,000.00 Pv Due 9/15/22 14314QAC8 09/15/22 Interest Earned On 77.97 Carmax Auto Owner 2.180% 8/15/24 $0.00182/Pv On 42,919.57 Pv Due 9/15/22 14315PAD7 09/15/22 Paid Down 5,836.13 Par Value Of 5,836.13 - 5,868.28 Carmax Auto Owner 2.180% 8/15/24 Trade Date 9/15/22 14315PAD7 09/15/22 Interest Earned On 37.01 Carmax Auto Owner 2.680% 3/15/24 $0.00223/Pv On 16,571.98 Pv Due 9/15/22 14316LAC7 09/15/22 Paid Down 5,213.13 Par Value Of 5,213.13 - 5,272.80 Carmax Auto Owner 2.680% 3/15/24 Trade Date 9/15/22 14316LAC7 09/15/22 Interest Earned On 21.26 Carmax Auto Owner 0.340% 12/15/25 $0.00028/Pv On 75,035.12 Pv Due 9/15/22 14316NAC3 09/15/22 Paid Down 4,372.22 Par Value Of 4,372.22 - 4,305.96 Carmax Auto Owner 0.340% 12/15/25 Trade Date 9/15/22 14316NAC3 09/15/22 Interest Earned On 35.13 Carmax Auto Owner 2.810% 5/15/25 $0.00234/Pv On 15,000.00 Pv Due 9/15/22 14317HAB7 09/15/22 Interest Earned On 175.73 Discover Card 2.8117% 8/15/25 $0.00234/Pv On 75,000.00 Pv Due 9/15/22 254683CE3 09/15/22 Interest Earned On 257.56 Ford Credit 3.0907% 9/15/24 $0.00258/Pv On 100,000.00 Pv Due 9/15/22 34528QHB3 00- -M -PF-PC -274-01 00260201 2602 Page 23 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 114 1010101010101010101010110110110101101011101001010010100100101001000101010001110110101010111001000010101011011000000110011001011000010010100010010110100110111111110001000011100011101100001000000110010110000000111001010000101010000011100100111000001000101100000010100000101110001011100010001011000100001001110111100000000110110001011011100100110011011100100001011011100101101001101011111111111111111111 09/15/22 Interest Earned On 24.49 Ford Credit Auto 1.870% 3/15/24 $0.00156/Pv On 15,714.58 Pv Due 9/15/22 34531KAD4 09/15/22 Paid Down 3,323.16 Par Value Of 3,323.16 - 3,342.89 Ford Credit Auto 1.870% 3/15/24 Trade Date 9/15/22 34531KAD4 09/15/22 Interest Earned On 70.83 Ford Credit Auto Ls 1.000% 11/15/23 $0.00083/Pv On 85,000.00 Pv Due 9/15/22 34531RAF4 09/15/22 Interest Earned On 12.51 Nissan Auto 2.500% 11/15/23 $0.00208/Pv On 6,004.42 Pv Due 9/15/22 65479HAC1 09/15/22 Paid Down 2,529.89 Par Value Of 2,529.89 - 2,552.42 Nissan Auto 2.500% 11/15/23 Trade Date 9/15/22 65479HAC1 09/15/22 Interest Earned On 0.65 World Omni 1.700% 1/15/23 $0.00142/Pv On 460.72 Pv Due 9/15/22 98162HAC4 09/15/22 Interest Earned On 8.03 World Omni Auto 2.590% 7/15/24 $0.00216/Pv On 3,719.99 Pv Due 9/15/22 98162VAD1 09/15/22 Paid Down 1,526.44 Par Value Of 1,526.44 - 1,536.22 World Omni Auto 2.590% 7/15/24 Trade Date 9/15/22 98162VAD1 09/15/22 Paid Down 2,832.78 Par Value Of 2,832.78 - 2,918.23 G N M A #778953 3.000% 3/15/27 For Record Date Of August Due 9/15/22 August GNMA Due 9/15/22 36176XE21 09/15/22 Interest Earned On 200.40 G N M A #778953 3.000% 3/15/27 August GNMA Due 9/15/22 36176XE21 09/15/22 Paid Down 866.44 Par Value Of 866.44 - 898.01 G N M A #779250 3.000% 5/15/27 For Record Date Of August Due 9/15/22 August GNMA Due 9/15/22 36176XQB8 09/15/22 Interest Earned On 69.41 G N M A #779250 3.000% 5/15/27 August GNMA Due 9/15/22 36176XQB8 00- -M -PF-PC -274-01 00260201 2602 Page 24 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 115 09/15/22 Paid Down 1,146.47 Par Value Of 1,146.47 - 1,162.65 G N M A #711168 4.500% 2/15/25 For Record Date Of August Due 9/15/22 August GNMA Due 9/15/22 36297GCD0 09/15/22 Interest Earned On 116.51 G N M A #711168 4.500% 2/15/25 August GNMA Due 9/15/22 36297GCD0 09/15/22 Paid Down 1,797.89 Par Value Of 1,797.89 - 1,907.99 F H L M C Gd J32243 3.000% 7/01/30 For Record Date Of August Due 9/15/22 August FHLMC Due 9/15/22 31307NP40 09/15/22 Interest Earned On 371.69 F H L M C Gd J32243 3.000% 7/01/30 August FHLMC Due 9/15/22 31307NP40 09/15/22 Purchased 25,000 Par Value Of - 24,608.40 24,608.40 F H L M C Mltcl Mt 3.444% 12/25/27 Trade Date 9/12/22 Purchased Through Toronto Dominion Securities (U Swift External Ref#: 00954000002360B 25,000 Par Value At 98.4336 % 3137FEBQ2 09/15/22 Paid Accrued Interest On Purchase Of - 33.48 F H L M C Mltcl Mt 3.444% 12/25/27 Income Debit 33.48- USD 3137FEBQ2 09/15/22 Cash Disbursement - 2,653.48 Transfer To Principal 1 09/15/22 Cash Receipt 2,653.48 Transfer From Income 1 09/15/22 Purchased 17,914.91 Units Of - 17,914.91 17,914.91 First Am Govt Ob Fd Cl Y Trade Date 9/15/22 31846V203 09/16/22 Interest Earned On 6.92 Gm Fin Cons Auto 0.210% 8/16/24 $0.00018/Pv On 39,559.63 Pv Due 9/16/22 380140AB9 09/16/22 Paid Down 6,694.77 Par Value Of 6,694.77 - 6,678.56 Gm Fin Cons Auto 0.210% 8/16/24 Trade Date 9/16/22 380140AB9 09/16/22 Sold 143,232.56 Units Of 143,232.56 - 143,232.56 First Am Govt Ob Fd Cl Y Trade Date 9/16/22 31846V203 00- -M -PF-PC -274-01 00260201 2602 Page 25 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 116 1010101010101010101010110110110011101011101001010010100100101001000101010000110110101010101001011010101011010000010001011001011000010000100010010110100100000111110001000010010101001100001001011000010110000000100011100000101010001000101110111000001101100111000010100111000101011111100011101111110011001001101011001111111110100001111011010100110011010100000001011011100101011010101011111111111111111111 09/16/22 Interest Earned On 138.90 G N M A Gtd Remic 4.000% 7/16/39 $0.00333/Pv On 41,669.65 Pv Due 9/16/22 38376V2E6 09/16/22 Paid Down 1,318.42 Par Value Of 1,318.42 - 1,352.04 G N M A Gtd Remic 4.000% 7/16/39 Trade Date 9/16/22 38376V2E6 09/16/22 Purchased 25,000 Par Value Of - 24,175.78 24,175.78 F H L M C Mltcl Mtg 3.291% 3/25/27 Trade Date 9/13/22 Purchased Through Brean Capital LLC Swift External Ref#: 00954000002370B 25,000 Par Value At 96.70312 % 3137BXRT1 09/16/22 Paid Accrued Interest On Purchase Of - 34.28 F H L M C Mltcl Mtg 3.291% 3/25/27 Income Debit 34.28- USD 3137BXRT1 09/16/22 Interest Earned On 570.11 Jpmorgan Chase Co 0.62934% 3/16/24 0.006335 USD/$1 Pv On 90,000 Par Value Due 9/16/22 46647PCA2 09/16/22 Cash Disbursement - 722.94 Transfer To Principal 1 09/16/22 Cash Receipt 722.94 Transfer From Income 1 09/16/22 Sold 22,182.63 Units Of 22,182.63 - 22,182.63 First Am Govt Ob Fd Cl Y Trade Date 9/16/22 31846V203 09/16/22 Purchased 150,000 Par Value Of - 149,934.25 149,934.25 Virginia Elec Pwr Co C P 9/22/22 Trade Date 9/16/22 Purchased Through Mizuho Securities USA Inc. Swift External Ref#: 00954000002380A 150,000 Par Value At 99.95616667 % 92780KJN9 09/19/22 Cash Disbursement - 6.92 Transfer To Principal 1 09/19/22 Cash Receipt 6.92 Transfer From Income 1 09/20/22 Interest Earned On 37.39 G N M A Gtd Remic 3.000% 11/20/39 $0.00250/Pv On 14,955.89 Pv Due 9/20/22 38376TTT9 00- -M -PF-PC -274-01 00260201 2602 Page 26 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 117 09/20/22 Paid Down 506.71 Par Value Of 506.71 - 514.73 G N M A Gtd Remic 3.000% 11/20/39 Trade Date 9/20/22 38376TTT9 09/20/22 Interest Earned On 114.89 G N M A Gtd Remic 4.000% 10/20/39 $0.00333/Pv On 34,467.28 Pv Due 9/20/22 38376WA62 09/20/22 Paid Down 1,208.07 Par Value Of 1,208.07 - 1,247.66 G N M A Gtd Remic 4.000% 10/20/39 Trade Date 9/20/22 38376WA62 09/20/22 Interest Earned On 20.45 G N M A Gtd Remic 3.000% 8/20/40 $0.00250/Pv On 8,179.41 Pv Due 9/20/22 38377QKH9 09/20/22 Paid Down 441.89 Par Value Of 441.89 - 446.92 G N M A Gtd Remic 3.000% 8/20/40 Trade Date 9/20/22 38377QKH9 09/20/22 Interest Earned On 75.45 G N M A Gtd Remic 3.000% 4/20/39 $0.00250/Pv On 30,181.04 Pv Due 9/20/22 38377RVK8 09/20/22 Paid Down 1,188.92 Par Value Of 1,188.92 - 1,212.16 G N M A Gtd Remic 3.000% 4/20/39 Trade Date 9/20/22 38377RVK8 09/20/22 Interest Earned On 50.64 G N M A Gtd Remic 2.000% 5/20/40 $0.00167/Pv On 30,384.03 Pv Due 9/20/22 38377YTL4 09/20/22 Paid Down 904.04 Par Value Of 904.04 - 893.02 G N M A Gtd Remic 2.000% 5/20/40 Trade Date 9/20/22 38377YTL4 09/20/22 Interest Earned On 49.20 G N M A Gtd Remic 3.000% 10/20/26 $0.00250/Pv On 19,679.27 Pv Due 9/20/22 38378AU90 09/20/22 Paid Down 2,281.66 Par Value Of 2,281.66 - 2,317.65 G N M A Gtd Remic 3.000% 10/20/26 Trade Date 9/20/22 38378AU90 09/20/22 Interest Earned On 161.93 G N M A Gtd Remic 2.000% 7/20/42 $0.00167/Pv On 97,157.78 Pv Due 9/20/22 38378FRB8 00- -M -PF-PC -274-01 00260201 2602 Page 27 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 118 1010101010101010101010110110110001101011101001010010100100101001000101010001010110101010011001011010101011001000010001011001011000010110010010010110100010101111110001000010110010001100001000110111110110000000110101011000101010010101100110111000001001101110010010100111001011010111100011100010001110001000101010011010101110100010010001111100110010111101110101011011100011001011001011111111111111111111 09/20/22 Paid Down 1,198.07 Par Value Of 1,198.07 - 1,180.47 G N M A Gtd Remic 2.000% 7/20/42 Trade Date 9/20/22 38378FRB8 09/20/22 Interest Earned On 49.68 G N M A Gtd Remic 1.500% 8/20/27 $0.00125/Pv On 39,743.27 Pv Due 9/20/22 38378HAU0 09/20/22 Paid Down 1,109.47 Par Value Of 1,109.47 - 1,124.40 G N M A Gtd Remic 1.500% 8/20/27 Trade Date 9/20/22 38378HAU0 09/20/22 Interest Earned On 14.87 G N M A Gtd Remic 1.500% 12/20/40 $0.00125/Pv On 11,898.34 Pv Due 9/20/22 38378JZD7 09/20/22 Paid Down 495.36 Par Value Of 495.36 - 489.17 G N M A Gtd Remic 1.500% 12/20/40 Trade Date 9/20/22 38378JZD7 09/20/22 Interest Earned On 96.02 G N M A Gtd Remic 2.500% 7/20/41 $0.00208/Pv On 46,091.43 Pv Due 9/20/22 38378TAF7 09/20/22 Paid Down 1,315.71 Par Value Of 1,315.71 - 1,317.21 G N M A Gtd Remic 2.500% 7/20/41 Trade Date 9/20/22 38378TAF7 09/20/22 Interest Earned On 21.69 G N M A Gtd Remic 3.000% 11/20/45 $0.00250/Pv On 8,677.13 Pv Due 9/20/22 38381AZ58 09/20/22 Paid Down 551.01 Par Value Of 551.01 - 554.11 G N M A Gtd Remic 3.000% 11/20/45 Trade Date 9/20/22 38381AZ58 09/20/22 Paid Down 670.88 Par Value Of 670.88 - 695.89 G N M A I I #Ma0909 3.000% 4/20/28 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36179NAJ7 09/20/22 Interest Earned On 49.69 G N M A I I #Ma0909 3.000% 4/20/28 August GNMA Due 9/20/22 36179NAJ7 09/20/22 Paid Down 1,299.61 Par Value Of 1,299.61 - 1,344.48 G N M A I I #005300 3.000% 2/20/27 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36202F3H7 00- -M -PF-PC -274-01 00260201 2602 Page 28 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 119 09/20/22 Interest Earned On 102.79 G N M A I I #005300 3.000% 2/20/27 August GNMA Due 9/20/22 36202F3H7 09/20/22 Paid Down 1,585.04 Par Value Of 1,585.04 - 1,654.29 G N M A I I #Ma1134 3.000% 7/20/28 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36179NHK7 09/20/22 Interest Earned On 140.82 G N M A I I #Ma1134 3.000% 7/20/28 August GNMA Due 9/20/22 36179NHK7 09/20/22 Paid Down 1,036.21 Par Value Of 1,036.21 - 1,072.69 G N M A I I #Ma0602 3.000% 12/20/27 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36179MU32 09/20/22 Interest Earned On 125.35 G N M A I I #Ma0602 3.000% 12/20/27 August GNMA Due 9/20/22 36179MU32 09/20/22 Paid Down 945.23 Par Value Of 945.23 - 993.34 G N M A I I #Ma4691 3.500% 9/20/32 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36179TF83 09/20/22 Interest Earned On 142.28 G N M A I I #Ma4691 3.500% 9/20/32 August GNMA Due 9/20/22 36179TF83 09/20/22 Paid Down 1,669.13 Par Value Of 1,669.13 - 1,745.23 G N M A I I #Ma2936 3.500% 7/20/30 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36179RHM4 09/20/22 Interest Earned On 152.59 G N M A I I #Ma2936 3.500% 7/20/30 August GNMA Due 9/20/22 36179RHM4 09/20/22 Cash Disbursement - 1,405.73 Transfer To Principal 1 09/20/22 Cash Receipt 1,405.73 Transfer From Income 1 09/20/22 Purchased 19,812.74 Units Of - 19,812.74 19,812.74 First Am Govt Ob Fd Cl Y Trade Date 9/20/22 31846V203 00- -M -PF-PC -274-01 00260201 2602 Page 29 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 120 1010101010101010101010110110110111101011101001010010100100101001000111010000110110101011001001010010101011010000001101011001011000010101110010010101100010111001110001000010111001001100001000110100010110000000111111000000101010011010101100111000001111100111100010100011100001100111100011100110110011001000111110110000010110110100010011111010110000110100011111011011100100101000101011111111111111111111 09/21/22 Interest Earned On 27.65 Honda Auto 1.610% 4/22/24 $0.00134/Pv On 20,609.99 Pv Due 9/21/22 43813RAC1 09/21/22 Paid Down 2,424.18 Par Value Of 2,424.18 - 2,416.70 Honda Auto 1.610% 4/22/24 Trade Date 9/21/22 43813RAC1 09/21/22 Purchased 2,451.83 Units Of - 2,451.83 2,451.83 First Am Govt Ob Fd Cl Y Trade Date 9/21/22 31846V203 09/22/22 Purchased 500,000 Par Value Of - 493,828.13 493,828.13 U S Treasury Nt 0.125% 1/31/23 Trade Date 9/20/22 Purchased Through Sbnyus33 Citgroup Gbl Mkts Ny Swift External Ref#: 00954000002460A 500,000 Par Value At 98.765626 % 91282CBG5 09/22/22 Paid Accrued Interest On Purchase Of - 90.01 U S Treasury Nt 0.125% 1/31/23 Income Debit 90.01- USD 91282CBG5 09/22/22 Matured 150,000 Par Value Of 149,934.25 - 149,934.25 Virginia Elec Pwr Co C P 9/22/22 Trade Date 9/22/22 150,000 Par Value At 100 % 92780KJN9 09/22/22 Interest Earned On 65.75 Virginia Elec Pwr Co C P 9/22/22 150,000 Par Value At 100 % 92780KJN9 09/22/22 Cash Disbursement - 3.39 Transfer To Principal 1 09/22/22 Cash Receipt 3.39 Transfer From Income 1 09/22/22 Sold 343,918.14 Units Of 343,918.14 - 343,918.14 First Am Govt Ob Fd Cl Y Trade Date 9/22/22 31846V203 09/26/22 Paid Down 48,394.79 Par Value Of 48,394.79 - 49,723.17 F N M A #An2905 2.550% 10/01/28 P & I Due 09/25/22 3138LFGP7 09/26/22 Interest Earned On 106.27 F N M A #An2905 2.550% 10/01/28 P & I Due 09/25/22 3138LFGP7 00- -M -PF-PC -274-01 00260201 2602 Page 30 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 121 09/26/22 Paid Down 153.32 Par Value Of 153.32 - 148.50 F N M A #An1613 2.550% 7/01/26 P & I Due 09/25/22 3138LDYK3 09/26/22 Interest Earned On 164.08 F N M A #An1613 2.550% 7/01/26 P & I Due 09/25/22 3138LDYK3 09/26/22 Interest Earned On 23.33 F N M A #Bm6007 2.596% 6/01/49 Int Due 9/25/22 3140JAU97 09/26/22 Interest Earned On 410.50 F H L M C Mltcl Mt 3.284% 6/25/25 0.002737 USD/$1 Pv On 150,000 Par Value Due 9/25/22 3137BLAC2 09/26/22 Interest Earned On 131.67 F H L M C Mltcl Mt 3.320% 2/25/23 $0.00277/Pv On 47,591.96 Pv Due 9/25/22 3137B36J2 09/26/22 Paid Down 1,038.52 Par Value Of 1,038.52 - 1,046.07 F H L M C Mltcl Mt 3.320% 2/25/23 Trade Date 9/25/22 3137B36J2 09/26/22 Interest Earned On 70.37 F H L M C Mltcl Mtg 2.637% 1/25/23 $0.00220/Pv On 32,021.64 Pv Due 9/25/22 3137B1UG5 09/26/22 Paid Down 3,378.81 Par Value Of 3,378.81 - 3,410.75 F H L M C Mltcl Mtg 2.637% 1/25/23 Trade Date 9/25/22 3137B1UG5 09/26/22 Interest Earned On 2.25 F H L M C Mltcl Mtg 2.778% 9/25/22 $0.00232/Pv On 0.00 Pv Due 9/25/22 3137B3NW4 09/26/22 Interest Earned On 41.61 F H L M C Mltcl Mtg 3.329% 5/25/25 $0.00277/Pv On 15,000.00 Pv Due 9/25/22 3137BKRJ1 09/26/22 Interest Earned On 43.26 F H L M C Mltcl Mtg 2.802% 1/25/25 $0.00234/Pv On 18,527.26 Pv Due 9/25/22 3137BLW87 09/26/22 Paid Down 542.44 Par Value Of 542.44 - 540.58 F H L M C Mltcl Mtg 2.802% 1/25/25 Trade Date 9/25/22 3137BLW87 00- -M -PF-PC -274-01 00260201 2602 Page 31 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 122 1010101010101010101010110110110101101011101001010010100100101001000111010001010110101010111001011110101011001000000110011001011000010000110010010101100110100001110001000010111110001100001000111110010110000000100111011000101010000000111100111000001011110010010010100011111011010011100010010011000100001001100001100100001110100010111100100010110000100101111001011011101110011000101011111111111111111111 09/26/22 Interest Earned On 474.83 F H L M C Mltcl Mtg 2.849% 3/25/26 $0.00237/Pv On 200,000.00 Pv Due 9/25/22 3137BP4K2 09/26/22 Interest Earned On 460.84 F H L M C Mltcl Mt 0.52896% 9/25/24 $0.00243/Pv On 189,384.99 Pv Due 9/25/22 3137F4CY6 09/26/22 Paid Down 74.76 Par Value Of 74.76 - 76.74 F H L M C Mltcl Mt 0.52896% 9/25/24 Trade Date 9/25/22 3137F4CY6 09/26/22 Interest Earned On 326.96 F H L M C Mltcl Mt 2.77704% 8/25/27 $0.00253/Pv On 129,149.80 Pv Due 9/25/22 3137FBAB2 09/26/22 Paid Down 1,904.63 Par Value Of 1,904.63 - 2,069.50 F H L M C Mltcl Mt 2.77704% 8/25/27 Trade Date 9/25/22 3137FBAB2 09/26/22 Interest Earned On 546.83 F H L M C Mltcl Mt 3.281% 8/25/27 $0.00273/Pv On 200,000.00 Pv Due 9/25/22 3137FBAJ5 09/26/22 Interest Earned On 311.57 F H L M C Mltcl Mt 2.87496% 11/25/28 $0.00219/Pv On 142,107.63 Pv Due 9/25/22 3137FNAD2 09/26/22 Paid Down 465.11 Par Value Of 465.11 - 472.91 F H L M C Mltcl Mt 2.87496% 11/25/28 Trade Date 9/25/22 3137FNAD2 09/26/22 Interest Earned On 352.96 F H L M C Mltcl Mt 2.258% 6/25/29 $0.00188/Pv On 187,578.01 Pv Due 9/25/22 3137FPJF3 09/26/22 Paid Down 583.29 Par Value Of 583.29 - 586.80 F H L M C Mltcl Mt 2.258% 6/25/29 Trade Date 9/25/22 3137FPJF3 09/26/22 Interest Earned On 166.04 F H L M C Mltcl Mt 2.21604% 7/25/29 $0.00186/Pv On 89,346.99 Pv Due 9/25/22 3137FPJP1 09/26/22 Paid Down 778.29 Par Value Of 778.29 - 816.48 F H L M C Mltcl Mt 2.21604% 7/25/29 Trade Date 9/25/22 3137FPJP1 00- -M -PF-PC -274-01 00260201 2602 Page 32 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 123 09/26/22 Interest Earned On 342.92 F H L M C Mltcl Mt 2.51196% 7/25/29 $0.00183/Pv On 187,902.66 Pv Due 9/25/22 3137FQ3Y7 09/26/22 Paid Down 485.55 Par Value Of 485.55 - 486.80 F H L M C Mltcl Mt 2.51196% 7/25/29 Trade Date 9/25/22 3137FQ3Y7 09/26/22 Purchased 61,775.8 Units Of - 61,775.80 61,775.80 First Am Govt Ob Fd Cl Y Trade Date 9/26/22 31846V203 09/26/22 Interest Earned On 35.70 F N M A Gtd Remic 1.500% 9/25/27 $0.00125/Pv On 28,556.69 Pv Due 9/25/22 3136A8SX9 09/26/22 Paid Down 918.06 Par Value Of 918.06 - 931.82 F N M A Gtd Remic 1.500% 9/25/27 Trade Date 9/25/22 3136A8SX9 09/26/22 Interest Earned On 52.53 F N M A Gtd Remic 2.000% 11/25/42 $0.00167/Pv On 31,519.02 Pv Due 9/25/22 3136ABNZ2 09/26/22 Paid Down 576.49 Par Value Of 576.49 - 586.43 F N M A Gtd Remic 2.000% 11/25/42 Trade Date 9/25/22 3136ABNZ2 09/26/22 Interest Earned On 8.53 F N M A Gtd Remic 1.500% 4/25/23 $0.00125/Pv On 6,820.10 Pv Due 9/25/22 3136ADFF1 09/26/22 Paid Down 1,179.1 Par Value Of 1,179.10 - 1,162.15 F N M A Gtd Remic 1.500% 4/25/23 Trade Date 9/25/22 3136ADFF1 09/26/22 Interest Earned On 47.73 F N M A Gtd Remic 1.750% 7/25/28 $0.00146/Pv On 32,730.32 Pv Due 9/25/22 3136AEY84 09/26/22 Paid Down 745.31 Par Value Of 745.31 - 757.59 F N M A Gtd Remic 1.750% 7/25/28 Trade Date 9/25/22 3136AEY84 09/26/22 Interest Earned On 24.89 F N M A Gtd Remic 2.623% 4/25/23 $0.00224/Pv On 11,126.07 Pv Due 9/25/22 3136AHAE0 00- -M -PF-PC -274-01 00260201 2602 Page 33 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 124 1010101010101010101010110110110011101011101001010010100100101001000111010000110110101010101001000110101011000000011000011001011000010010000010010101100111010011110001000010111000101100001000110110110110000000100101110000101010000011101110111000001001010001000010100111000100101011100011111110100100001001011010111001100110100100011111100000110010101101011111011011100100001010101011111111111111111111 09/26/22 Paid Down 1.89 Par Value Of 1.89 - 1.90 F N M A Gtd Remic 2.623% 4/25/23 Trade Date 9/25/22 3136AHAE0 09/26/22 Interest Earned On 93.19 F N M A Gtd Remic 2.000% 11/25/31 $0.00167/Pv On 55,911.92 Pv Due 9/25/22 3136AQZK9 09/26/22 Paid Down 1,913.48 Par Value Of 1,913.48 - 1,965.31 F N M A Gtd Remic 2.000% 11/25/31 Trade Date 9/25/22 3136AQZK9 09/26/22 Interest Earned On 122.25 F H L M C Mltcl 0.826% 9/25/30 $0.00069/Pv On 177,519.43 Pv Due 9/25/22 3137FWHY9 09/26/22 Paid Down 1,035.48 Par Value Of 1,035.48 - 1,030.30 F H L M C Mltcl 0.826% 9/25/30 Trade Date 9/25/22 3137FWHY9 09/26/22 Paid Down 176.83 Par Value Of 176.83 - 174.34 F H L M C #Zs8585 3.000% 10/01/30 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132A9RE9 09/26/22 Interest Earned On 23.43 F H L M C #Zs8585 3.000% 10/01/30 August FHLMC Due 9/25/22 3132A9RE9 09/26/22 Paid Down 1,743.53 Par Value Of 1,743.53 - 1,816.87 F H L M C #Zs8673 3.000% 10/01/32 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132A9T64 09/26/22 Interest Earned On 214.17 F H L M C #Zs8673 3.000% 10/01/32 August FHLMC Due 9/25/22 3132A9T64 09/26/22 Paid Down 1,395.43 Par Value Of 1,395.43 - 1,479.67 F H L M C #Sc0096 3.000% 10/01/40 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132D9C93 09/26/22 Interest Earned On 381.39 F H L M C #Sc0096 3.000% 10/01/40 August FHLMC Due 9/25/22 3132D9C93 00- -M -PF-PC -274-01 00260201 2602 Page 34 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 125 09/26/22 Paid Down 229.9 Par Value Of 229.90 - 221.17 F H L M C #Sb8505 2.500% 10/01/35 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132D6NW6 09/26/22 Interest Earned On 33.85 F H L M C #Sb8505 2.500% 10/01/35 August FHLMC Due 9/25/22 3132D6NW6 09/26/22 Paid Down 30.43 Par Value Of 30.43 - 31.57 F N M A #Bl1077 4.000% 12/01/28 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140HSFT3 09/26/22 Interest Earned On 81.66 F N M A #Bl1077 4.000% 12/01/28 August FNMA Due 9/25/22 3140HSFT3 09/26/22 Paid Down 3,835.02 Par Value Of 3,835.02 - 3,833.82 F N M A #Bm1757 2.413% 4/01/23 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140J55T2 09/26/22 Interest Earned On 29.20 F N M A #Bm1757 2.413% 4/01/23 August FNMA Due 9/25/22 3140J55T2 09/26/22 Paid Down 820.27 Par Value Of 820.27 - 871.38 F N M A #Ma0293 4.500% 1/01/30 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31417YKF3 09/26/22 Interest Earned On 122.07 F N M A #Ma0293 4.500% 1/01/30 August FNMA Due 9/25/22 31417YKF3 09/26/22 Paid Down 343.56 Par Value Of 343.56 - 353.61 F N M A #Ma4074 2.000% 6/01/35 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418DQ47 09/26/22 Interest Earned On 45.80 F N M A #Ma4074 2.000% 6/01/35 August FHLMC Due 9/25/22 31418DQ47 09/26/22 Paid Down 587.34 Par Value Of 587.34 - 576.51 F N M A #Ma4112 3.000% 8/01/35 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418DSA1 00- -M -PF-PC -274-01 00260201 2602 Page 35 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 126 1010101010101010101010110110110101101011101001010010100100101001000111000001010110101010001001010010101011011000010111011001011000010001110010010101100011100001110001000010111101101100001000000110110110000000110010010000101010010110111000111000001110011001010010100111100000000011100010010101101001001000110101110011011110100111011001100110110110001110100011011011100010111011001011111111111111111111 09/26/22 Interest Earned On 86.83 F N M A #Ma4112 3.000% 8/01/35 August FNMA Due 9/25/22 31418DSA1 09/26/22 Paid Down 1,665.88 Par Value Of 1,665.88 - 1,757.77 F N M A #Bm1978 3.000% 10/01/32 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140J6FU6 09/26/22 Interest Earned On 173.89 F N M A #Bm1978 3.000% 10/01/32 August FNMA Due 9/25/22 3140J6FU6 09/26/22 Paid Down 2,012.21 Par Value Of 2,012.21 - 2,088.72 F N M A #Ma4226 2.000% 12/01/30 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418DVU3 09/26/22 Interest Earned On 222.08 F N M A #Ma4226 2.000% 12/01/30 August FNMA Due 9/25/22 31418DVU3 09/26/22 Paid Down 1,650.77 Par Value Of 1,650.77 - 1,705.78 F N M A #Ma4279 2.000% 3/01/36 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418DXH0 09/26/22 Interest Earned On 261.81 F N M A #Ma4279 2.000% 3/01/36 August FNMA Due 9/25/22 31418DXH0 09/26/22 Matured 971.4 Par Value Of 971.40 - 1,092.73 F H L M C Mltcl Mtg 2.778% 9/25/22 Trade Date 9/25/22 971.4 Par Value At 100 % 3137B3NW4 09/26/22 Cash Disbursement - 2,061.00 Transfer To Principal 1 09/26/22 Cash Receipt 2,061.00 Transfer From Income 1 09/26/22 Purchased 23,893.38 Units Of - 23,893.38 23,893.38 First Am Govt Ob Fd Cl Y Trade Date 9/26/22 31846V203 00- -M -PF-PC -274-01 00260201 2602 Page 36 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 127 09/27/22 Purchased 15,000 Par Value Of - 14,451.56 14,451.56 F N M A #109412 3.680% 8/01/28 Trade Date 9/22/22 Purchased Through Brean Capital LLC Swift External Ref#: 00954000002480A 15,000 Par Value At 96.34373333 % 313637N55 09/27/22 Paid Accrued Interest On Purchase Of - 39.87 F N M A #109412 3.680% 8/01/28 Income Debit 39.87- USD 313637N55 09/27/22 Cash Disbursement - 3,936.42 Transfer To Principal 1 09/27/22 Cash Receipt 3,936.42 Transfer From Income 1 09/27/22 Sold 14,491.43 Units Of 14,491.43 - 14,491.43 First Am Govt Ob Fd Cl Y Trade Date 9/27/22 31846V203 09/30/22 Sold 75,471.55 Units Of 75,471.55 - 75,471.55 First Am Govt Ob Fd Cl Y Trade Date 9/30/22 31846V203 09/30/22 Purchased 75,000 Par Value Of - 75,103.98 75,103.98 U S Treasury Nt 0.325% 10/31/23 Trade Date 9/29/22 Purchased Through Nmrius33 Nomura Secs Intl Ny Swift External Ref#: 00954000002500A 75,000 Par Value At 100.13864 % 91282CDE8 09/30/22 Paid Accrued Interest On Purchase Of - 367.57 U S Treasury Nt 0.325% 10/31/23 Income Debit 367.57- USD 91282CDE8 00- -M -PF-PC -274-01 00260201 2602 Page 37 of 51 RIVERSIDE COUNTY TRANSPORTATION COMM TOLL REVENUE SECOND LIEN REF BONDS 2021 C SERIES C SEC LIEN BDS RESERVE ACCT Date Income Principal Tax Posted Description Cash Cash Cost Ending Balance 09/30/2022 - $367.57 $367.57 $7,649,377.08 0455256-00-01445-01 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 238302001 TRANSACTION DETAIL (continued) 128 450,000.000 Canadian Tire Corp Ltd Disc C P 449,689.50 449,481.63 2.0 17,200.46 10/11/2022 99.9310 99.88 3.82 400,000.000 Continental Rubber Of America C P 400,000.00 399,720.00 1.7 14,600.00 10/03/2022 100.0000 99.93 3.65 164,699.810 First American Government 164,699.81 164,699.81 0.7 4,056.59 Oblig Fd Cl Y 1.0000 1.00 2.46 31846V203 400,000.000 Natl Rural Util Coop C P 399,380.00 399,080.56 1.7 13,423.82 10/21/2022 99.8450 99.77 3.36 117,598.080 F N M A Partn Cert 117,377.00 117,572.44 0.5 2,540.12 Pool #Am2182 99.8120 99.98 2.16 3138L2M87 Standard & Poors Rating: N/A Moodys Rating: N/A 30,483.980 F H L M C Multiclass Mtg Partn 30,379.12 30,434.80 0.1 768.81 C M O Ser K S01 Cl A2 99.6560 99.84 2.53 3137B1U75 Standard & Poors Rating: N/A Moodys Rating: N/A 200,000.000 F H L M C Multiclass Mtg Partn 198,794.00 200,696.79 0.9 5,230.00 C M O Ser Ksmc Cl A2 99.3970 100.35 2.63 3137B04Y7 Standard & Poors Rating: N/A Moodys Rating: N/A 139,660.320 F H L M C Multiclass Mtg Partn 139,151.96 140,210.86 0.6 4,636.72 C M O Ser K029 Cl A2 99.6360 100.39 3.33 3137B36J2 Standard & Poors Rating: N/A Moodys Rating: N/A 13668MKB2 21201CK39 #3763 63743DKM2 2.160 01/01/2023 2.522 01/25/2023 2.615 01/25/2023 3.320 02/25/2023 6.2 $49,280.87 $1,413,769.31 $1,412,982.00 00- -M -PF-PC -274-04 02353104 23531 Page 3 of 58 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 Cash Equivalents Total Cash Equivalents US Government Issues ACCOUNT NUMBER: 240907004 ASSET DETAIL AS OF 09/30/22 ATTACHMENT 3 ϭϮϵ 1010101010101010101010110110111000000011101011010100100100001001010101010000111111100001000001010110110001000011001001011001001100001100010010011111100110010001110011000010010110101111001001111111110110000000111000111000101110010110000110111000001000111111100011100111111000000011100011011001010110001001010100000010101110101001101110101000110100001101011001011011100100101001001011111111111111111111 136,680.750 F H L M C Multiclass Mtg Partn 136,224.24 136,959.09 0.6 4,252.14 C M O Ser K028 Cl A2 99.6660 100.20 3.12 3137B2HN3 Standard & Poors Rating: N/A Moodys Rating: N/A 850,000.000 U S Treasury Note 837,148.00 851,500.82 3.7 4,250.00 0.500 03/15/2023 98.4880 100.18 .51 Standard & Poors Rating: N/A Moodys Rating: Aaa 31,215.830 F N M A Partn Cert 31,136.54 31,210.33 0.1 753.24 Pool #Bm1757 99.7460 99.98 2.42 3140J55T2 Standard & Poors Rating: N/A Moodys Rating: N/A 167,960.510 F H L M C Multiclass Mtg Partn 167,174.45 168,525.06 0.7 5,458.72 C M O Ser K030 Cl A2 99.5320 100.34 3.26 3137B3NA2 Standard & Poors Rating: N/A Moodys Rating: Aaa 102,564.500 F H L M C Multiclass Mtg Partn 102,042.45 102,837.29 0.5 2,658.47 C M O Ser K037 Cl A1 99.4910 100.27 2.60 3137B7YX1 Standard & Poors Rating: AAA Moodys Rating: N/A 96,396.270 F H L M C Multiclass Mtg Partn 95,707.04 96,706.58 0.4 3,181.08 C M O Ser K031 Cl A2 99.2850 100.32 3.32 3137B3NX2 Standard & Poors Rating: N/A Moodys Rating: Aaa 1,280,000.000 U S Treasury Note 1,249,203.20 1,257,238.28 5.5 1,600.00 0.125 05/15/2023 97.5940 98.22 .13 Standard & Poors Rating: N/A Moodys Rating: Aaa 50,000.000 F H L M C Multiclass Mtg Partn 49,608.00 50,690.42 0.2 1,765.50 C M O Ser K034 Cl A2 99.2160 101.38 3.56 3137B5JM6 Standard & Poors Rating: N/A Moodys Rating: N/A 3.111 02/25/2023 912828ZD5 2.493 04/01/2023 04/25/2023 Var 2.592 04/25/2023 3.300 04/25/2023 912828ZP8 3.531 07/25/2023 00- -M -PF-PC -274-04 02353104 23531 Page 4 of 58 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 ASSET DETAIL AS OF 09/30/22 (continued) 130 475,000.000 U S Treasury Note 458,299.00 458,504.88 2.0 593.75 0.125 08/15/2023 96.4840 96.53 .13 Standard & Poors Rating: N/A Moodys Rating: Aaa 247,932.690 F H L M C Multiclass Mtg Partn 245,793.03 246,857.66 1.1 8,573.51 C M O Ser K035 Cl A2 99.1370 99.57 3.49 3137B5KW2 Standard & Poors Rating: N/A Moodys Rating: N/A 229,389.030 F H L M C Multiclass Mtg Partn 225,748.63 229,870.36 1.0 5,629.21 C M O Ser K723 Cl A2 98.4130 100.21 2.49 3137BSPW7 Standard & Poors Rating: N/A Moodys Rating: N/A 725,000.000 U S Treasury Note 694,470.25 698,124.02 3.0 906.25 0.125 10/15/2023 95.7890 96.29 .13 Standard & Poors Rating: N/A Moodys Rating: Aaa 1,725,000.000 U S Treasury Note 1,726,742.25 1,727,603.04 7.5 5,606.25 10/31/2023 Var 100.1010 100.15 .32 Standard & Poors Rating: N/A Moodys Rating: Aaa 25,541.390 F N M A Partn Cert 25,589.92 25,618.52 0.1 1,404.78 Pool #995265 100.1900 100.30 5.49 31416BTW8 Standard & Poors Rating: N/A Moodys Rating: N/A 106,065.320 F H L M C Multiclass Mtg Partn 105,337.71 106,242.29 0.5 3,129.99 C M O Ser K729 Cl A1 99.3140 100.17 2.97 3137FCM35 Standard & Poors Rating: N/A Moodys Rating: Aaa 250,000.000 Federal Home Loan Bks 247,200.00 250,000.00 1.1 9,062.50 3.625 02/28/2024 98.8800 100.00 3.67 Standard & Poors Rating: AA+ Moodys Rating: Aaa 91282CAF8 08/25/2023 Var 2.454 08/25/2023 91282CAP6 91282CDE8 5.500 01/01/2024 2.951 02/25/2024 3130ASXL8 00- -M -PF-PC -274-04 02353104 23531 Page 5 of 58 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 ASSET DETAIL AS OF 09/30/22 (continued) 131 1010101010101010101010110110111000000011101011010100100100001001010101000001011111100001000001010010110001000011011010011001001100001011100010011110100001101111110011000011001100001111001001010101010110000000101000011000101110000111100110111000001000011001100011100100111100110011100010011101110011001000010101000100000110111001000111011110110101101101000111011011101010101010101011111111111111111111 132,650.640 F H L M C Multiclass Mtg Partn 133,312.57 135,614.87 0.6 7,959.04 C M O Ser G037 Cl J 100.4990 102.23 5.97 3133T52K8 Standard & Poors Rating: N/A Moodys Rating: N/A 84,505.340 F H L M C Multiclass Mtg Partn 84,078.59 84,505.34 0.4 2,359.70 C M O Ser Ki05 Cl A 99.4950 100.00 2.81 3137FQXG3 Standard & Poors Rating: N/A Moodys Rating: N/A 250,000.000 F N M A 247,677.50 249,962.50 1.1 9,687.50 3.875 08/28/2024 99.0710 99.99 3.91 Standard & Poors Rating: AA+ Moodys Rating: N/A 40,763.830 F H L M C Multiclass Mtg Partn 40,188.65 41,222.59 0.2 1,099.40 C M O Ser K046 Cl A1 98.5890 101.13 2.74 3137BJP56 Standard & Poors Rating: N/A Moodys Rating: N/A 250,000.000 F H L M C M T N 247,162.50 250,000.00 1.1 10,000.00 4.000 02/28/2025 98.8650 100.00 4.05 Standard & Poors Rating: AA+ Moodys Rating: Aaa 300,000.000 F H L M C Multiclass Mtg Partn 285,819.00 312,529.49 1.3 8,309.88 C M O Ser Kplb Cl A 95.2730 104.18 2.91 3137BJQ71 Standard & Poors Rating: N/A Moodys Rating: N/A 81,794.540 F H L M C Multiclass Mtg Partn 80,778.65 82,481.95 0.4 2,862.81 C M O Ser 3806 Cl L 98.7580 100.84 3.54 3137A6YW6 Standard & Poors Rating: N/A Moodys Rating: N/A 82,524.830 F N M A Gtd R E M I C Pass Thru 81,637.69 82,202.47 0.4 2,475.74 C M O Ser 2017 83 Cl Vn 98.9250 99.61 3.03 3136AYEV1 Standard & Poors Rating: N/A Moodys Rating: N/A 6.000 07/17/2024 07/25/2024 Var 3135G06W8 2.697 01/25/2025 3134GXS88 2.770 05/25/2025 3.500 02/15/2026 3.000 10/25/2037 00- -M -PF-PC -274-04 02353104 23531 Page 6 of 58 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 ASSET DETAIL AS OF 09/30/22 (continued) 132 147,600.810 F N M A Gtd R E M I C Pass Thru 144,502.67 148,359.10 0.6 4,428.02 C M O Ser 2013 114 Cl Z 97.9010 100.51 3.06 3136AGP89 Standard & Poors Rating: N/A Moodys Rating: N/A 41,922.710 G N M A Gtd R E M I C Pass Thru 41,008.38 42,232.43 0.2 628.84 C M O Ser 2013 47 Cl Ec 97.8190 100.74 1.53 38378JZD7 Standard & Poors Rating: N/A Moodys Rating: N/A 20,466.300 F N M A Gtd R E M I C Pass Thru 20,301.14 20,261.64 0.1 613.99 C M O Ser 2012 83 Cl Pc 99.1930 99.00 3.02 3136A7D25 Standard & Poors Rating: N/A Moodys Rating: N/A 300,000.000 Unitedhealth Group Inc 299,781.00 301,471.94 1.3 7,125.00 2.375 10/15/2022 99.9270 100.49 2.38 Standard & Poors Rating: A+ Moodys Rating: A3 85,000.000 Conocophillips Company 84,627.70 85,259.81 0.4 2,040.00 2.400 12/15/2022 99.5620 100.31 2.41 Standard & Poors Rating: A- Moodys Rating: A2 625,000.000 John Deere Capital Corp 617,531.25 624,781.25 2.7 1,562.50 Medium Term Note 98.8050 99.97 .25 24422EVM8 Standard & Poors Rating: A Moodys Rating: A2 225,000.000 Nextera Energy Cap 224,709.75 225,000.00 1.0 5,025.61 03/01/2023 Var 99.8710 100.00 2.24 Standard & Poors Rating: BBB+ Moodys Rating: Baa1 3.000 03/25/2040 1.500 12/20/2040 3.000 07/25/2041 91324PDD1 20826FAA4 0.250 01/17/2023 65339KBV1 36.2 $122,425.96 $8,289,594.13 $8,376,775.91 00- -M -PF-PC -274-04 02353104 23531 Page 7 of 58 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 Total US Government Issues Corporate Issues ACCOUNT NUMBER: 240907004 ASSET DETAIL AS OF 09/30/22 (continued) 133 1010101010101010101010110110111000000011101011010100100100001001010100110001111111100001000001011110110001000011000000011001001100001101000010011101100110010111110011000010111011001111001000010011110110000000101100100000101110000001001100111000001101011110000011100011000101010011100010100001101110001000001111100101110110110000110101000010110000000100110001011011100010101001101011111111111111111111 485,000.000 Centerpoint Energy Res Corp 476,076.00 484,529.55 2.1 3,395.00 0.700 03/02/2023 98.1600 99.90 .71 Standard & Poors Rating: BBB+ Moodys Rating: A3 250,000.000 Truist Bank 246,737.50 247,470.00 1.1 3,125.00 Medium Term Note 98.6950 98.99 1.27 89788JAB5 Standard & Poors Rating: A Moodys Rating: A2 305,000.000 Berkshire Hathaway Inc 303,349.95 306,231.15 1.3 8,387.50 2.750 03/15/2023 99.4590 100.40 2.76 Standard & Poors Rating: AA Moodys Rating: Aa2 300,000.000 Capital One Financial Co 296,520.00 300,081.00 1.3 7,800.00 2.600 05/11/2023 98.8400 100.03 2.63 Standard & Poors Rating: BBB Moodys Rating: Baa1 300,000.000 Caterpillar Finl Service 298,362.00 302,727.47 1.3 10,350.00 Medium Term Note 99.4540 100.91 3.47 14913Q2L2 Standard & Poors Rating: A Moodys Rating: A2 18,460.220 Daimler Trucks Retail Trust 18,418.68 18,482.04 0.1 225.21 A B S Ser 2020 1 Cl A3 99.7750 100.12 1.22 233854AC2 Standard & Poors Rating: N/A Moodys Rating: Aaa 285,000.000 American Express Co Sr 273,343.50 284,971.50 1.2 2,137.50 0.750 11/03/2023 95.9100 99.99 .78 Standard & Poors Rating: BBB+ Moodys Rating: A2 120,000.000 Nextera Energy Cap Hldgs Inc 118,894.80 120,000.00 0.5 1,884.18 11/03/2023 Var 99.0790 100.00 1.58 Standard & Poors Rating: BBB+ Moodys Rating: Baa1 15189WAM2 1.250 03/09/2023 084670BR8 14040HCD5 3.450 05/15/2023 1.220 09/15/2023 025816CK3 65339KBX7 00- -M -PF-PC -274-04 02353104 23531 Page 8 of 58 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 ASSET DETAIL AS OF 09/30/22 (continued) 134 @ .010 Capital One Prime Auto 0.01 0.01 0.0 0.00 A B S Ser 2019 1 Cl A3 100.0000 100.00 .00 14042WAC4 Standard & Poors Rating: AAA Moodys Rating: Aaa Date Last Priced: 09/16/22 172,054.830 Mercedes Benz Auto Lease 171,165.31 172,202.00 0.8 688.22 A B S Ser 2020 B Cl A3 99.4830 100.09 .40 58769EAC2 Standard & Poors Rating: AAA Moodys Rating: N/A 330,000.000 Goldman Sachs Group Inc 327,574.50 330,000.00 1.4 7,632.83 12/06/2023 Var 99.2650 100.00 2.33 Standard & Poors Rating: BBB+ Moodys Rating: A2 120,000.000 Simon Ppty Group L P 119,041.20 120,000.00 0.5 1,462.27 01/11/2024 Var 99.2010 100.00 1.23 Standard & Poors Rating: A- Moodys Rating: A3 500,000.000 Bank Of America Corp 495,920.00 524,809.28 2.2 20,625.00 Medium Term Note 99.1840 104.96 4.16 06051GFB0 Standard & Poors Rating: A- Moodys Rating: A2 450,000.000 Wells Fargo Company 442,980.00 468,753.74 2.0 16,875.00 Medium Term Note 98.4400 104.17 3.81 95000U2C6 Standard & Poors Rating: BBB+ Moodys Rating: A1 310,000.000 National Rural Util Coop 292,348.60 306,648.90 1.3 1,085.00 Medium Term Note 94.3060 98.92 .37 63743HEU2 Standard & Poors Rating: A- Moodys Rating: A2 70,424.960 Carmax Auto Owner Trust 70,390.45 70,744.55 0.3 1,887.39 A B S Ser 2019 2 Cl A3 99.9510 100.45 2.68 14316LAC7 Standard & Poors Rating: AAA Moodys Rating: N/A 2.510 11/15/2023 0.400 11/15/2023 38141GZF4 828807DR5 4.125 01/22/2024 3.750 01/24/2024 0.350 02/08/2024 2.680 03/15/2024 00- -M -PF-PC -274-04 02353104 23531 Page 9 of 58 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 ASSET DETAIL AS OF 09/30/22 (continued) 135 1010101010101010101010110110111000000011101011010100100100001001010100100000011111100001000001011010110001000011010011011001001100001010110010011100100001101001110011000011100001101111001000111001010110000000111100000000101110010000101100111000001101111000000011100000000001100011100011100101001011001001001110100011011110100000011100110100110001100100101111011011101100101010001011111111111111111111 26,439.950 CNH Equipment Trust 26,374.38 26,437.88 0.1 60.81 A B S Ser 2021 A Cl A2 99.7520 99.99 .23 12598AAB6 Standard & Poors Rating: AAA Moodys Rating: N/A 154,892.620 Ford Credit Auto Owner Trust 154,486.80 155,353.75 0.7 2,896.49 A B S Ser 2019 Cl A3 99.7380 100.30 1.88 34531KAD4 Standard & Poors Rating: AAA Moodys Rating: Aaa 340,000.000 Jpmorgan Chase Co 337,562.20 340,000.00 1.5 2,139.76 03/16/2024 Var 99.2830 100.00 .63 Standard & Poors Rating: A- Moodys Rating: A1 220,000.000 Southern Ca Edison Co 1M Glbl 2021C 216,581.20 220,000.00 1.0 6,595.27 24 98.4460 100.00 3.04 842400HC0 Standard & Poors Rating: A- Moodys Rating: A3 85,473.320 Honda Auto Receivables 84,753.63 85,125.15 0.4 1,376.12 A B S Ser 2020 1 Cl A3 99.1580 99.59 1.62 43813RAC1 Standard & Poors Rating: N/A Moodys Rating: Aaa 430,000.000 Morgan Stanley 425,489.30 443,013.17 1.9 16,069.10 3.737 04/24/2024 98.9510 103.03 3.78 Standard & Poors Rating: A- Moodys Rating: A1 92,991.040 Honda Auto Receivables Owner 92,561.42 92,061.13 0.4 762.53 A B S Ser 2020 2 Cl A3 99.5380 99.00 .82 43813DAC2 Standard & Poors Rating: AAA Moodys Rating: Aaa 260,000.000 Salesforce Com Inc 242,348.60 259,867.40 1.1 1,625.00 0.625 07/15/2024 93.2110 99.95 .67 Standard & Poors Rating: A+ Moodys Rating: A2 03/15/2024 Var 1.870 03/15/2024 46647PCA2 04/01/2021 Var 1.610 04/22/2024 61744YAQ1 0.820 07/15/2024 79466LAG9 00- -M -PF-PC -274-04 02353104 23531 Page 10 of 58 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 ASSET DETAIL AS OF 09/30/22 (continued) 136 98,889.200 Carmax Auto Owner Trust 98,435.30 99,448.53 0.4 2,155.78 A B S Ser 2019 3 Cl A3 99.5410 100.57 2.19 14315PAD7 Standard & Poors Rating: AAA Moodys Rating: N/A 500,000.000 Goldman Sachs Group Inc 474,575.00 500,000.00 2.1 4,625.00 0.925 10/21/2024 94.9150 100.00 .97 Standard & Poors Rating: BBB+ Moodys Rating: A2 35,631.320 Carmax Auto Owner Trust 35,274.65 35,875.30 0.2 673.43 A B S Ser 2020 1 Cl A3 98.9990 100.68 1.91 14315XAC2 Standard & Poors Rating: AAA Moodys Rating: N/A 200,000.000 Chase Issuance Trust 198,756.00 199,617.19 0.9 3,060.00 C M O Ser 2020 A1 Cl A1 99.3780 99.81 1.54 161571HP2 Standard & Poors Rating: AAA Moodys Rating: N/R 190,039.910 Toyota Auto Receivables 186,351.24 189,230.76 0.8 665.14 A B S Ser 2020 D Cl A3 98.0590 99.57 .36 89236XAC0 Standard & Poors Rating: AAA Moodys Rating: N/A 300,000.000 Gm Fin Cons Atmb Rec Tr 2019 294,510.00 303,515.44 1.3 6,120.00 A B S Ser 2019 4 Cl B 98.1700 101.17 2.08 36258MAF1 Standard & Poors Rating: N/A Moodys Rating: Aaa 68,770.330 Santander Drive Auto Receivables 68,649.98 68,480.20 0.3 343.85 A B S Ser 2021 1 Cl B 99.8250 99.58 .50 80286NAE6 Standard & Poors Rating: N/A Moodys Rating: Aaa 300,000.000 American Express Credit Account 299,910.00 300,204.00 1.3 7,050.00 A B S Ser 2017 7 Cl A 99.9700 100.07 2.35 02582JHL7 Standard & Poors Rating: AAA Moodys Rating: N/A 2.180 08/15/2024 38141GYL2 1.890 12/16/2024 1.530 01/15/2025 0.350 01/15/2025 2.040 02/18/2025 0.500 04/15/2025 2.350 05/15/2025 00- -M -PF-PC -274-04 02353104 23531 Page 11 of 58 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 ASSET DETAIL AS OF 09/30/22 (continued) 137 1010101010101010101010110110111000000011101011010100100100001001010100010000011111100001000001011010110001000011011010011001001100001000110010011011100001110001110011000010101011001111001000100001010110000000101110101000101110011111001110111000001001110111000011100011011110000011100010001110011100001000100011100111101110100111100010001010110010010100011011011011101100101000101011111111111111111111 145,000.000 Carmax Auto Owner Trust 143,913.95 144,988.89 0.6 4,074.50 A B S Ser 2022 2 Cl A 2A 99.2510 99.99 2.83 14317HAB7 Standard & Poors Rating: AAA Moodys Rating: Aaa 100,000.000 Citibank Credit Card Issuance Trust 99,325.00 101,944.05 0.4 3,290.00 A B S Ser 2018 A3 Cl A3 99.3250 101.94 3.31 17305EGM1 Standard & Poors Rating: AAA Moodys Rating: Aaa 48,354.480 CNH Equipment Trust 47,447.35 48,561.21 0.2 560.91 A B S Ser 2020 A Cl A3 98.1240 100.43 1.18 12597PAC2 Standard & Poors Rating: AAA Moodys Rating: Aaa 395,000.000 Ford Credit Mstr Tr A 394,470.70 395,075.78 1.7 11,800.10 A B S Ser 2020 1 Cl A2 99.8660 100.02 2.99 34528QHL1 Standard & Poors Rating: N/A Moodys Rating: Aaa 150,000.000 American Express Credit Account 149,979.00 150,008.89 0.7 4,202.05 A B S Ser 2018 3 Cl A 99.9860 100.01 2.80 02582JHS2 Standard & Poors Rating: N/A Moodys Rating: Aaa 141,325.800 Carmax Auto Owner Tr 136,755.32 139,161.75 0.6 480.51 A B S Ser 2021 1 Cl A 3 96.7660 98.47 .35 14316NAC3 Standard & Poors Rating: AAA Moodys Rating: N/A 100,000.000 Santander Drive Auto 98,375.00 100,080.13 0.4 750.00 A B S Ser 2021 1 Cl C 98.3750 100.08 .76 80286NAF3 Standard & Poors Rating: N/A Moodys Rating: Aaa 120,000.000 Carmax Auto Owner Trust 113,401.20 120,095.88 0.5 1,308.00 A B S Ser 2020 3 Cl B 94.5010 100.08 1.15 14315FAF4 Standard & Poors Rating: AAA Moodys Rating: N/A 2.810 05/15/2025 3.290 05/23/2025 1.160 06/16/2025 09/15/2025 Var 10/15/2025 Var 12/15/2025 Var 0.750 02/17/2026 1.090 03/16/2026 00- -M -PF-PC -274-04 02353104 23531 Page 12 of 58 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 ASSET DETAIL AS OF 09/30/22 (continued) 138 100,000.000 CNH Equipment Tr 99,582.00 100,440.77 0.4 3,340.00 A B S Ser 2019 A Cl B 99.5820 100.44 3.35 12596JAE3 Standard & Poors Rating: AAA Moodys Rating: Aaa 75,000.000 CNH Equip Tr 74,249.25 75,101.06 0.3 2,152.50 A B S Ser 2019 B Cl B 98.9990 100.13 2.90 12596TAE1 Standard & Poors Rating: AAA Moodys Rating: N/A 410,000.000 Credit Suisse Ag New York 402,242.80 410,000.00 1.8 10,930.60 02/02/2024 Var 98.1080 100.00 2.72 Standard & Poors Rating: A Moodys Rating: A2 250,000.000 Baltimore Md Var Pub Impt Bds 2003D 250,000.00 250,000.00 1.1 6,874.17 10/15/2022 Taxable Skg Var 100.0000 100.00 2.75 Standard & Poors Rating: A-1+ Moodys Rating: VMIG 1 150,000.000 Michigan ST Bldg Auth Rev Ref 149,859.00 149,476.50 0.7 691.50 Taxable Bds 2020 I 99.9060 99.65 .46 594615HN9 Standard & Poors Rating: N/A Moodys Rating: Aa2 135,000.000 San Antonio Tx Taxable Gen Impt Ref 133,682.40 133,903.80 0.6 645.30 Bds 2020 99.0240 99.19 .48 79623PEN1 Standard & Poors Rating: AAA Moodys Rating: Aaa 3.340 07/15/2026 2.870 11/16/2026 22550UAB7 059189QB9 0.461 10/15/2022 Taxable 0.478 02/01/2023 Taxable 42.7 $191,490.06 $9,771,890.67 $9,987,852.50 1.8 $10,930.60 $402,242.80 $410,000.00 00- -M -PF-PC -274-04 02353104 23531 Page 13 of 58 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 Total Corporate Issues Foreign Issues Total Foreign Issues Municipal Issues ACCOUNT NUMBER: 240907004 ASSET DETAIL AS OF 09/30/22 (continued) 139 1010101010101010101010110110111000000011101011010100100100001001010100000001111111100001000001011110110001000011001001011001001100001111000010011010100110001111110011000011110001101111001000001011110110000000111110001000101110001110101110111000001001010001000011100000011010110011100011001010111001001001100010100001000110110111001011111100110011110100000101011011100010101011001011111111111111111111 95,000.000 Riverside Cnty Calif Pension O Bds 94,318.85 94,724.50 0.4 2,244.85 2020 Ca 99.2830 99.71 2.38 76913CAX7 Standard & Poors Rating: AA Moodys Rating: A1 195,000.000 New York Ny Taxable Go Bds Fiscal 192,856.95 192,365.55 0.8 2,242.50 1.150 03/01/2023 Taxable 98.9010 98.65 1.16 Standard & Poors Rating: AA Moodys Rating: Aa2 65,000.000 Oregon ST Taxable Go Bds 2022 B 64,501.45 65,000.00 0.3 1,703.65 2.621 05/01/2023 Taxable 99.2330 100.00 2.64 Standard & Poors Rating: AA+ Moodys Rating: Aa1 175,000.000 Connecticut ST Taxable Go Bds 2022A 174,639.50 177,339.75 0.8 7,437.50 4.250 06/15/2023 Taxable 99.7940 101.34 4.26 Standard & Poors Rating: A+ Moodys Rating: Aa3 230,000.000 Port Auth N Y N J Taxable 224,213.20 227,936.40 1.0 2,497.80 Consolidated Nts AAA Ny 97.4840 99.10 1.11 73358W4V3 Standard & Poors Rating: AA- Moodys Rating: Aa3 235,000.000 Port Seattle Wa Rev Taxable Inter 233,096.50 235,000.00 1.0 7,813.75 Lien Ref B 2022C 99.1900 100.00 3.35 735389W46 Standard & Poors Rating: AA- Moodys Rating: A1 125,000.000 New York ST Thruway Auth Ref Ser M 121,555.00 122,370.00 0.5 2,648.75 2.119 01/01/2024 Taxable 97.2440 97.90 2.18 Standard & Poors Rating: A Moodys Rating: A1 400,000.000 Wisconsin Hsg Economic Dev A Home 400,000.00 400,000.00 1.8 4,463.04 Ownership Rev Bds 2003 S 100.0000 100.00 1.12 97689PP93 Standard & Poors Rating: A-1+ Moodys Rating: VMIG 1 2.363 02/15/2023 Taxable 64966QJD3 68609T7C6 20772KQF9 1.086 07/01/2023 Taxable 3.325 08/01/2023 Taxable 650009R88 03/01/2028 Var Taxable Skg 00- -M -PF-PC -274-04 02353104 23531 Page 14 of 58 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 ASSET DETAIL AS OF 09/30/22 (continued) 140 160,000.000 Colorado Hsg Fin Auth Taxable Single 160,000.00 160,000.00 0.7 3,728.00 Family Mt 2017 B 100.0000 100.00 2.33 196479A33 Standard & Poors Rating: A-1+ Moodys Rating: VMIG 1 300,000.000 New York ST Hsg Fin Agy Rev Var Rev 300,000.00 300,000.00 1.3 7,011.30 Bds 2004B 100.0000 100.00 2.34 64986MJ63 Standard & Poors Rating: N/A Moodys Rating: VMIG 1 200,000.000 Wisconsin Hsg Economic Dev Auth Home 200,000.00 200,000.00 0.9 160.00 Ownership Rev Rev Bds 2007 D 100.0000 100.00 .08 97689P5F1 Standard & Poors Rating: A-1 Moodys Rating: VMIG 1 300,000.000 Texas ST Taxable Go Bds 2005 B 300,000.00 300,000.00 1.3 8,345.00 06/01/2045 Var Taxable 100.0000 100.00 2.78 Standard & Poors Rating: A-1+ Moodys Rating: VMIG 1 Principal Cash 5,023.42 5,023.42 Income Cash - 5,023.42 - 5,023.42 Total Cash 05/01/2034 Skg Taxable Var 11/15/2036 Var Taxable 03/01/2038 Var Taxable Skg 882721BN2 13.1 $58,507.11 $2,998,722.85 $3,008,116.50 0.0 $0.00 $0.00 100.0 $432,634.60 $22,876,219.76 $23,195,726.91 00- -M -PF-PC -274-04 02353104 23531 Page 15 of 58 Security Description Cash RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 Total Municipal Issues ACCOUNT NUMBER: 240907004 Total Assets ASSET DETAIL AS OF 09/30/22 (continued) 141 1010101010101010101010110110111000000011101011010011100100001001010101100001111111100001000001010110110001000011010001011001001100001110110010011000100010101011110011000010110001101111001000110001010110000000111100000000101110001010000000111000001110010111000011100001010000101011100011101111000100001001100011101001001110110110100001101010110001001101100101011011101000101000101011111111111111111111 09/01/22 Interest Earned On 1,199.61 Wisconsin Hsg 0.080% 3/01/38 0.005998 USD/$1 Pv On 200,000 Par Value Due 9/1/22 97689P5F1 09/01/22 Interest Earned On 2,249.86 Wisconsin Hsg 2.380% 3/01/28 0.005625 USD/$1 Pv On 400,000 Par Value Due 9/1/22 97689PP93 09/01/22 Purchased 3,449.47 Units Of - 3,449.47 3,449.47 First Am Govt Ob Fd Cl Y Trade Date 9/1/22 31846V203 09/01/22 Amortized Premium On - 9,916.07 Virginia El Pwr 3.450% 9/01/22 Fed Basis Decreased By 9,916.07 USD To 750,000.00 USD 9/1/22 Current Year Amortization 927804FJ8 09/01/22 Matured 750,000 Par Value Of 750,000.00 - 750,000.00 Virginia El Pwr 3.450% 9/01/22 Trade Date 9/1/22 750,000 Par Value At 100 % 927804FJ8 09/01/22 Interest Earned On 1,121.25 New York Ny 1.150% 3/01/23 0.00575 USD/$1 Pv On 195,000 Par Value Due 9/1/22 64966QJD3 09/01/22 Interest Earned On 1,284.32 Nextera Energy Cap 2.23361% 3/01/23 0.005708 USD/$1 Pv On 225,000 Par Value Due 9/1/22 65339KBV1 09/01/22 Interest Earned On 603.29 Texas ST Taxable 2.36774% 6/01/45 0.002011 USD/$1 Pv On 300,000 Par Value Due 9/1/22 882721BN2 09/01/22 Interest Earned On 12,937.50 Virginia El Pwr 3.450% 9/01/22 0.01725 USD/$1 Pv On 750,000 Par Value Due 9/1/22 927804FJ8 09/01/22 Cash Disbursement - 14,774.36 Transfer To Principal Income Earnings 09/01/22 Cash Receipt 14,774.36 Transfer From Income Income Earnings 00- -M -PF-PC -274-04 02353104 23531 Page 18 of 58 Beginning Balance 09/01/2022 - $1,172.00 $1,172.00 $23,165,987.40 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL 142 09/01/22 Purchased 765,946.36 Units Of - 765,946.36 765,946.36 First Am Govt Ob Fd Cl Y Trade Date 9/1/22 31846V203 09/01/22 Interest Earned On 798.90 First Am Govt Ob Fd Cl Y Interest From 8/1/22 To 8/31/22 31846V203 09/02/22 Sold 250,015.89 Units Of 250,015.89 - 250,015.89 First Am Govt Ob Fd Cl Y Trade Date 9/2/22 31846V203 09/02/22 Interest Earned On 1,697.50 Centerpoint Energy 0.700% 3/02/23 0.0035 USD/$1 Pv On 485,000 Par Value Due 9/2/22 15189WAM2 09/02/22 Cash Disbursement - 5,945.87 Transfer To Principal Income Earnings 09/02/22 Cash Receipt 5,945.87 Transfer From Income Income Earnings 09/02/22 Purchased 2,496.4 Units Of - 2,496.40 2,496.40 First Am Govt Ob Fd Cl Y Trade Date 9/2/22 31846V203 09/02/22 Purchased 250,000 Par Value Of - 250,000.00 250,000.00 Baltimore Md Var 2.320% 10/15/22 Trade Date 9/2/22 Purchased Through Citigroup Global Markets Inc Swift External Ref#: 00613000020810B 250,000 Par Value At 100 % 059189QB9 09/02/22 Paid Accrued Interest On Purchase Of - 15.89 Baltimore Md Var 2.320% 10/15/22 Income Debit 15.89- USD 059189QB9 09/06/22 Interest Earned On 1,950.61 Goldman Sachs Grou 2.31298% 12/06/23 0.005911 USD/$1 Pv On 330,000 Par Value Due 9/6/22 38141GZF4 09/06/22 Cash Disbursement - 1,934.72 Transfer To Principal Income Earnings 09/06/22 Cash Receipt 1,934.72 Transfer From Income Income Earnings 00- -M -PF-PC -274-04 02353104 23531 Page 19 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 143 1010101010101010101010110110111000000011101011010011100100001001010101010000011111100001000001000110110001000011010010011001001000001110110010011111100001000101110011000010100000001111001000100010110110000000111100101000101110010000001100111000001110001010110011100111010101101011100010011010101101001000000011100001101110110101011101101100110000100101010111011011100110101001101011111111111111111111 09/06/22 Purchased 1,950.61 Units Of - 1,950.61 1,950.61 First Am Govt Ob Fd Cl Y Trade Date 9/6/22 31846V203 09/07/22 Sold 774,446.98 Units Of 774,446.98 - 774,446.98 First Am Govt Ob Fd Cl Y Trade Date 9/7/22 31846V203 09/07/22 Matured 350,000 Par Value Of 349,249.25 - 349,249.25 Koch Inds Inc Disc Coml C P 9/07/22 Trade Date 9/7/22 350,000 Par Value At 100 % 50000EJ70 09/07/22 Interest Earned On 750.75 Koch Inds Inc Disc Coml C P 9/07/22 350,000 Par Value At 100 % 50000EJ70 09/07/22 Cash Disbursement - 750.75 Transfer To Principal Income Earnings 09/07/22 Cash Receipt 750.75 Transfer From Income Income Earnings 09/07/22 Purchased 350,000 Units Of - 350,000.00 350,000.00 First Am Govt Ob Fd Cl Y Trade Date 9/7/22 31846V203 09/07/22 Purchased 375,000 Par Value Of - 374,630.31 374,630.31 Canadian Tire Corp Ltd C P 9/20/22 Trade Date 9/7/22 Purchased Through Rbc Capital Markets, LLC Swift External Ref#: 00613000020850A 375,000 Par Value At 99.901416 % 13668MJL2 09/07/22 Purchased 400,000 Par Value Of - 399,816.67 399,816.67 Continental Rubr Amer C P 9/13/22 Trade Date 9/7/22 Purchased Through BofA Securities, Inc./Fxd Inc Swift External Ref#: 00613000020840A 400,000 Par Value At 99.9541675 % 21201CJD9 09/09/22 Interest Earned On 1,562.50 Truist Bank Mtn 1.250% 3/09/23 0.00625 USD/$1 Pv On 250,000 Par Value Due 9/9/22 89788JAB5 09/09/22 Cash Disbursement - 1,371.55 Transfer To Principal Income Earnings 09/09/22 Cash Receipt 1,371.55 Transfer From Income Income Earnings 00- -M -PF-PC -274-04 02353104 23531 Page 20 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 144 09/09/22 Sold 246,040.16 Units Of 246,040.16 - 246,040.16 First Am Govt Ob Fd Cl Y Trade Date 9/9/22 31846V203 09/13/22 Sold 349,595.56 Units Of 349,595.56 - 349,595.56 First Am Govt Ob Fd Cl Y Trade Date 9/13/22 31846V203 09/13/22 Matured 400,000 Par Value Of 399,816.67 - 399,816.67 Continental Rubr Amer C P 9/13/22 Trade Date 9/13/22 400,000 Par Value At 100 % 21201CJD9 09/13/22 Interest Earned On 183.33 Continental Rubr Amer C P 9/13/22 400,000 Par Value At 100 % 21201CJD9 09/13/22 Cash Disbursement - 183.33 Transfer To Principal Income Earnings 09/13/22 Cash Receipt 183.33 Transfer From Income Income Earnings 09/13/22 Purchased 400,000 Units Of - 400,000.00 400,000.00 First Am Govt Ob Fd Cl Y Trade Date 9/13/22 31846V203 09/13/22 Purchased 350,000 Par Value Of - 349,595.56 349,595.56 National Fuel Gas Co C P 9/26/22 Trade Date 9/13/22 Purchased Through BofA Securities, Inc./Fxd Inc Swift External Ref#: 00613000020870A 350,000 Par Value At 99.88444571 % 63616KJS9 09/15/22 Amortized Premium On - 1.85 Capital One Prime 2.510% 11/15/23 Fed Basis Decreased By 1.85 USD To 4,820.41 USD 9/15/22 Current Year Amortization 14042WAC4 09/15/22 Interest Earned On 10.07 Capital One Prime 2.510% 11/15/23 $0.00209/Pv On 4,807.47 Pv Due 9/15/22 14042WAC4 09/15/22 Paid Down 4,807.47 Par Value Of 4,807.47 - 4,820.41 Capital One Prime 2.510% 11/15/23 Princ/Int Due 14042WAC4 00- -M -PF-PC -274-04 02353104 23531 Page 21 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 145 1010101010101010101010110110111000000011101011010011100100001001010101000001111111100001000001000010110001000011000001011001001000001001000010011110100110111011110011000011111010101111001000001000010110000000101100001000101110000001101100111000001110101100110011100100010001011011100011011110001000001001000010100111000110100101110100011010110001000101001001011011101000101010001011111111111111111111 09/15/22 Paid Down 100,000 Par Value Of 100,000.00 - 100,680.59 American Express 2.000% 4/15/25 Cmo Final Paydown 02582JJM3 09/15/22 Paid Down 155,000 Par Value Of 155,000.00 - 155,164.47 American Express 2.000% 4/15/25 Cmo Final Paydown 02582JJN1 09/15/22 Paid Down 200,000 Par Value Of 200,000.00 - 200,033.02 Ford Credit 3.0907% 9/15/24 Cmo Final Paydown 34528QHB3 09/15/22 Paid Down 987.24 Par Value Of 987.24 - 989.54 World Omni 1.700% 1/15/23 Cmo Final Paydown 98162HAC4 09/15/22 Interest Earned On 48.60 CNH Equipment Trust 1.160% 6/16/25 $0.00097/Pv On 50,271.31 Pv Due 9/15/22 12597PAC2 09/15/22 Amortized Premium On - 15.94 CNH Equipment Trust 1.160% 6/16/25 Fed Basis Decreased By 15.94 USD To 50,486.24 USD 9/15/22 Current Year Amortization 12597PAC2 09/15/22 Paid Down 1,916.83 Par Value Of 1,916.83 - 1,925.03 CNH Equipment Trust 1.160% 6/16/25 Trade Date 9/15/22 12597PAC2 09/15/22 Interest Earned On 7.80 CNH Equipment 0.230% 3/15/24 $0.00019/Pv On 40,670.61 Pv Due 9/15/22 12598AAB6 09/15/22 Paid Down 14,230.66 Par Value Of 14,230.66 - 14,229.55 CNH Equipment 0.230% 3/15/24 Trade Date 9/15/22 12598AAB6 09/15/22 Interest Earned On 53.61 Santander Drive Auto 0.500% 4/15/25 $0.00042/Pv On 128,656.29 Pv Due 9/15/22 80286NAE6 09/15/22 Paid Down 59,885.96 Par Value Of 59,885.96 - 59,633.32 Santander Drive Auto 0.500% 4/15/25 Trade Date 9/15/22 80286NAE6 09/15/22 Interest Earned On 62.51 Santander Drive 0.750% 2/17/26 $0.00063/Pv On 100,000.00 Pv Due 9/15/22 80286NAF3 00- -M -PF-PC -274-04 02353104 23531 Page 22 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 146 09/15/22 Amortized Premium On - 4.04 Santander Drive 0.750% 2/17/26 Fed Basis Decreased By 4.04 USD To 100,080.13 USD 9/15/22 Current Year Amortization 80286NAF3 09/15/22 Interest Earned On 60.87 Toyota Auto 0.350% 1/15/25 $0.00029/Pv On 208,703.88 Pv Due 9/15/22 89236XAC0 09/15/22 Paid Down 18,663.97 Par Value Of 18,663.97 - 18,584.50 Toyota Auto 0.350% 1/15/25 Trade Date 9/15/22 89236XAC0 09/15/22 Purchased 555,735.59 Units Of - 555,735.59 555,735.59 First Am Govt Ob Fd Cl Y Trade Date 9/15/22 31846V203 09/15/22 Interest Earned On 248.68 F H L M C Mltcl Mtg 3.500% 2/15/26 $0.00292/Pv On 85,260.84 Pv Due 9/15/22 3137A6YW6 09/15/22 Amortized Premium On - 37.02 F H L M C Mltcl Mtg 3.500% 2/15/26 Fed Basis Decreased By 37.02 USD To 85,977.38 USD 9/15/22 Current Year Amortization 3137A6YW6 09/15/22 Paid Down 3,466.3 Par Value Of 3,466.30 - 3,495.43 F H L M C Mltcl Mtg 3.500% 2/15/26 Trade Date 9/15/22 3137A6YW6 09/15/22 Interest Earned On 587.50 American Express 2.350% 5/15/25 $0.00196/Pv On 300,000.00 Pv Due 9/15/22 02582JHL7 09/15/22 Amortized Premium On - 107.18 American Express 2.350% 5/15/25 Fed Basis Decreased By 107.18 USD To 300,204.00 USD 9/15/22 Current Year Amortization 02582JHL7 09/15/22 Interest Earned On 350.17 American Express 2.80137% 10/15/25 $0.00233/Pv On 150,000.00 Pv Due 9/15/22 02582JHS2 09/15/22 Amortized Premium On - 4.59 American Express 2.80137% 10/15/25 Fed Basis Decreased By 4.59 USD To 150,008.89 USD 9/15/22 Current Year Amortization 02582JHS2 00- -M -PF-PC -274-04 02353104 23531 Page 23 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 147 1010101010101010101010110110111000000011101011010011100100001001010100110001011111100001000001001110110001000011011011011001001000001111100010011101100001000011110011000010001101101111001001001110110110000000101000110000101110000111000110111000001011101011010011100011101000111011100011100010010101001001011000000110110110101100000110000110110100101100111111011011100000101001001011111111111111111111 09/15/22 Interest Earned On 166.67 American Express 2.000% 4/15/25 $0.00167/Pv On 100,000.00 Pv Due 9/15/22 02582JJM3 09/15/22 Amortized Premium On - 28.36 American Express 2.000% 4/15/25 Fed Basis Decreased By 28.36 USD To 100,680.59 USD 9/15/22 Current Year Amortization 02582JJM3 09/15/22 Interest Earned On 284.17 American Express 2.000% 4/15/25 $0.00183/Pv On 155,000.00 Pv Due 9/15/22 02582JJN1 09/15/22 Amortized Premium On - 6.85 American Express 2.000% 4/15/25 Fed Basis Decreased By 6.85 USD To 155,164.47 USD 9/15/22 Current Year Amortization 02582JJN1 09/15/22 Interest Earned On 278.33 CNH Equipment Tr 3.340% 7/15/26 $0.00278/Pv On 100,000.00 Pv Due 9/15/22 12596JAE3 09/15/22 Amortized Premium On - 24.84 CNH Equipment Tr 3.340% 7/15/26 Fed Basis Decreased By 24.84 USD To 100,440.77 USD 9/15/22 Current Year Amortization 12596JAE3 09/15/22 Interest Earned On 179.37 CNH Equip Tr 2.870% 11/16/26 $0.00239/Pv On 75,000.00 Pv Due 9/15/22 12596TAE1 09/15/22 Amortized Premium On - 5.36 CNH Equip Tr 2.870% 11/16/26 Fed Basis Decreased By 5.36 USD To 75,101.06 USD 9/15/22 Current Year Amortization 12596TAE1 09/15/22 Interest Earned On 109.00 Carmax Auto Owner 1.090% 3/16/26 $0.00091/Pv On 120,000.00 Pv Due 9/15/22 14315FAF4 09/15/22 Amortized Premium On - 4.67 Carmax Auto Owner 1.090% 3/16/26 Fed Basis Decreased By 4.67 USD To 120,095.88 USD 9/15/22 Current Year Amortization 14315FAF4 00- -M -PF-PC -274-04 02353104 23531 Page 24 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 148 09/15/22 Amortized Premium On - 57.01 Carmax Auto Owner 2.180% 8/15/24 Fed Basis Decreased By 57.01 USD To 115,099.59 USD 9/15/22 Current Year Amortization 14315PAD7 09/15/22 Interest Earned On 207.93 Carmax Auto Owner 2.180% 8/15/24 $0.00182/Pv On 114,452.23 Pv Due 9/15/22 14315PAD7 09/15/22 Paid Down 15,563.03 Par Value Of 15,563.03 - 15,651.06 Carmax Auto Owner 2.180% 8/15/24 Trade Date 9/15/22 14315PAD7 09/15/22 Interest Earned On 61.79 Carmax Auto Owner 1.890% 12/16/24 $0.00158/Pv On 39,231.32 Pv Due 9/15/22 14315XAC2 09/15/22 Amortized Premium On - 20.21 Carmax Auto Owner 1.890% 12/16/24 Fed Basis Decreased By 20.21 USD To 39,499.95 USD 9/15/22 Current Year Amortization 14315XAC2 09/15/22 Paid Down 3,600 Par Value Of 3,600.00 - 3,624.65 Carmax Auto Owner 1.890% 12/16/24 Trade Date 9/15/22 14315XAC2 09/15/22 Amortized Premium On - 52.37 Carmax Auto Owner 2.680% 3/15/24 Fed Basis Decreased By 52.37 USD To 103,212.62 USD 9/15/22 Current Year Amortization 14316LAC7 09/15/22 Interest Earned On 229.47 Carmax Auto Owner 2.680% 3/15/24 $0.00223/Pv On 102,746.34 Pv Due 9/15/22 14316LAC7 09/15/22 Paid Down 32,321.38 Par Value Of 32,321.38 - 32,468.07 Carmax Auto Owner 2.680% 3/15/24 Trade Date 9/15/22 14316LAC7 09/15/22 Interest Earned On 42.52 Carmax Auto Owner 0.340% 12/15/25 $0.00028/Pv On 150,070.24 Pv Due 9/15/22 14316NAC3 09/15/22 Paid Down 8,744.44 Par Value Of 8,744.44 - 8,610.54 Carmax Auto Owner 0.340% 12/15/25 Trade Date 9/15/22 14316NAC3 00- -M -PF-PC -274-04 02353104 23531 Page 25 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 149 1010101010101010101010110110111000000011101011010011100100001001010100100000111111100001000001001010110001000011001000011001001000001000010010011100100110111101110011000011010111001111001001100100010110000000111000010000101110010110100110111000001011001101010011100000101100001011100010100110110000001000011001000000011110111100101111110000110101001100100001011011101110101010101011111111111111111111 09/15/22 Interest Earned On 339.54 Carmax Auto Owner 2.810% 5/15/25 $0.00234/Pv On 145,000.00 Pv Due 9/15/22 14317HAB7 09/15/22 Interest Earned On 255.00 Chase Issuance Trust 1.530% 1/15/25 $0.00128/Pv On 200,000.00 Pv Due 9/15/22 161571HP2 09/15/22 Interest Earned On 27.42 Daimler Trucks 1.220% 9/15/23 $0.00102/Pv On 26,970.95 Pv Due 9/15/22 233854AC2 09/15/22 Amortized Premium On - 5.49 Daimler Trucks 1.220% 9/15/23 Fed Basis Decreased By 5.49 USD To 27,002.83 USD 9/15/22 Current Year Amortization 233854AC2 09/15/22 Paid Down 8,510.73 Par Value Of 8,510.73 - 8,520.79 Daimler Trucks 1.220% 9/15/23 Trade Date 9/15/22 233854AC2 09/15/22 Interest Earned On 515.12 Ford Credit 3.0907% 9/15/24 $0.00258/Pv On 200,000.00 Pv Due 9/15/22 34528QHB3 09/15/22 Amortized Premium On - 11.01 Ford Credit 3.0907% 9/15/24 Fed Basis Decreased By 11.01 USD To 200,033.02 USD 9/15/22 Current Year Amortization 34528QHB3 09/15/22 Interest Earned On 983.34 Ford Credit Mstr 2.98737% 9/15/25 $0.00249/Pv On 395,000.00 Pv Due 9/15/22 34528QHL1 09/15/22 Amortized Premium On - 28.65 Ford Credit Mstr 2.98737% 9/15/25 Fed Basis Decreased By 28.65 USD To 395,075.78 USD 9/15/22 Current Year Amortization 34528QHL1 09/15/22 Interest Earned On 306.11 Ford Credit Auto 1.870% 3/15/24 $0.00156/Pv On 196,432.14 Pv Due 9/15/22 34531KAD4 09/15/22 Amortized Premium On - 65.92 Ford Credit Auto 1.870% 3/15/24 Fed Basis Decreased By 65.92 USD To 197,016.94 USD 9/15/22 Current Year Amortization 34531KAD4 00- -M -PF-PC -274-04 02353104 23531 Page 26 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 150 09/15/22 Paid Down 41,539.52 Par Value Of 41,539.52 - 41,663.19 Ford Credit Auto 1.870% 3/15/24 Trade Date 9/15/22 34531KAD4 09/15/22 Interest Earned On 70.37 Honda Auto 0.820% 7/15/24 $0.00068/Pv On 102,987.84 Pv Due 9/15/22 43813DAC2 09/15/22 Paid Down 9,996.8 Par Value Of 9,996.80 - 9,896.83 Honda Auto 0.820% 7/15/24 Trade Date 9/15/22 43813DAC2 09/15/22 Amortized Premium On - 12.86 Mercedes Benz Auto 0.400% 11/15/23 Fed Basis Decreased By 12.86 USD To 206,691.26 USD 9/15/22 Current Year Amortization 58769EAC2 09/15/22 Interest Earned On 68.83 Mercedes Benz Auto 0.400% 11/15/23 $0.00033/Pv On 206,514.61 Pv Due 9/15/22 58769EAC2 09/15/22 Paid Down 34,459.78 Par Value Of 34,459.78 - 34,489.26 Mercedes Benz Auto 0.400% 11/15/23 Trade Date 9/15/22 58769EAC2 09/15/22 Interest Earned On 1.40 World Omni 1.700% 1/15/23 $0.00142/Pv On 987.24 Pv Due 9/15/22 98162HAC4 09/15/22 Amortized Premium On - 0.59 World Omni 1.700% 1/15/23 Fed Basis Decreased By 0.59 USD To 989.54 USD 9/15/22 Current Year Amortization 98162HAC4 09/15/22 Interest Earned On 4,193.75 Berkshire Hathaway 2.750% 3/15/23 0.01375 USD/$1 Pv On 305,000 Par Value Due 9/15/22 084670BR8 09/15/22 Amortized Premium On - 1,829.69 Berkshire Hathaway 2.750% 3/15/23 Fed Basis Decreased By 1,829.69 USD To 306,231.15 USD 9/15/22 Current Year Amortization 084670BR8 09/15/22 Interest Earned On 595.48 New York ST Hsg 2.3371% 11/15/36 0.001985 USD/$1 Pv On 300,000 Par Value Due 9/15/22 64986MJ63 00- -M -PF-PC -274-04 02353104 23531 Page 27 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 151 1010101010101010101010110110111000000011101011010011100100001001010100010000111111100001000001001010110001000011000001011001001000001010010010011011100110100101110011000010011101101111001001111100010110000000101010111000101110011001000100111000001111000010010011100011110011101011100011001101100111001001110100000100101110111011010001001110110110111100010101011011101110101000001011111111111111111111 09/15/22 Interest Earned On 2,125.00 U S Treasury Nt 0.500% 3/15/23 0.0025 USD/$1 Pv On 850,000 Par Value Due 9/15/22 912828ZD5 09/15/22 Amortized Premium On - 1,499.73 U S Treasury Nt 0.500% 3/15/23 Fed Basis Decreased By 1,499.73 USD To 851,500.82 USD 9/15/22 Current Year Amortization 912828ZD5 09/15/22 Cash Disbursement - 12,226.96 Transfer To Principal Income Earnings 09/15/22 Cash Receipt 12,226.96 Transfer From Income Income Earnings 09/15/22 Purchased 170,428.94 Units Of - 170,428.94 170,428.94 First Am Govt Ob Fd Cl Y Trade Date 9/15/22 31846V203 09/16/22 Interest Earned On 510.00 Gm Fin Cons Atmb 2.040% 2/18/25 $0.00170/Pv On 300,000.00 Pv Due 9/16/22 36258MAF1 09/16/22 Amortized Premium On - 246.00 Gm Fin Cons Atmb 2.040% 2/18/25 Fed Basis Decreased By 246.00 USD To 303,515.44 USD 9/16/22 Current Year Amortization 36258MAF1 09/16/22 Purchased 510 Units Of - 510.00 510.00 First Am Govt Ob Fd Cl Y Trade Date 9/16/22 31846V203 09/16/22 Interest Earned On 2,153.73 Jpmorgan Chase Co 0.62934% 3/16/24 0.006335 USD/$1 Pv On 340,000 Par Value Due 9/16/22 46647PCA2 09/16/22 Cash Disbursement - 2,397.19 Transfer To Principal Income Earnings 09/16/22 Cash Receipt 2,397.19 Transfer From Income Income Earnings 09/16/22 Purchased 2,153.73 Units Of - 2,153.73 2,153.73 First Am Govt Ob Fd Cl Y Trade Date 9/16/22 31846V203 00- -M -PF-PC -274-04 02353104 23531 Page 28 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 152 09/19/22 Received 0.01 Par Value Of 0.01 Capital One Prime 2.510% 11/15/23 Market Value Of 0.01 USD Position Still Held Per Dtcc 14042WAC4 09/19/22 Sold 499,816.67 Units Of 499,816.67 - 499,816.67 First Am Govt Ob Fd Cl Y Trade Date 9/19/22 31846V203 09/19/22 Cash Disbursement - 510.00 Transfer To Principal Income Earnings 09/19/22 Cash Receipt 510.00 Transfer From Income Income Earnings 09/19/22 Purchased 500,000 Par Value Of - 499,816.67 499,816.67 L3Harris Technologies C P 9/23/22 Trade Date 9/19/22 Purchased Through Wells Fargo Securities, LLC Swift External Ref#: 00613000020980A 500,000 Par Value At 99.963334 % 50246YJP0 09/20/22 Interest Earned On 54.68 G N M A Gtd Remic 1.500% 12/20/40 $0.00125/Pv On 43,743.90 Pv Due 9/20/22 38378JZD7 09/20/22 Amortized Premium On - 5.38 G N M A Gtd Remic 1.500% 12/20/40 Fed Basis Decreased By 5.38 USD To 44,067.07 USD 9/20/22 Current Year Amortization 38378JZD7 09/20/22 Paid Down 1,821.19 Par Value Of 1,821.19 - 1,834.64 G N M A Gtd Remic 1.500% 12/20/40 Trade Date 9/20/22 38378JZD7 09/20/22 Matured 375,000 Par Value Of 374,630.31 - 374,630.31 Canadian Tire Corp Ltd C P 9/20/22 Trade Date 9/20/22 375,000 Par Value At 100 % 13668MJL2 09/20/22 Interest Earned On 369.69 Canadian Tire Corp Ltd C P 9/20/22 375,000 Par Value At 100 % 13668MJL2 09/20/22 Cash Disbursement - 424.37 Transfer To Principal Income Earnings 09/20/22 Cash Receipt 424.37 Transfer From Income Income Earnings 00- -M -PF-PC -274-04 02353104 23531 Page 29 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 153 1010101010101010101010110110111000000011101011010011100100001001010100000001011111100001000001001110110001000011010010011001001000001101100010011010100001011011110011000011000111001111001001010110110110000000111010011000101110001000100100111000001111100100010011100000110111011011100010001001000010001000110101000010000110101011111000111000110111011100001011011011100000101011101011111111111111111111 09/20/22 Purchased 376,875.87 Units Of - 376,875.87 376,875.87 First Am Govt Ob Fd Cl Y Trade Date 9/20/22 31846V203 09/21/22 Interest Earned On 722.21 F H L M C Mltcl Mtg 6.000% 7/17/24 $0.00500/Pv On 144,441.27 Pv Due 9/17/22 3133T52K8 09/21/22 Amortized Premium On - 302.29 F H L M C Mltcl Mtg 6.000% 7/17/24 Fed Basis Decreased By 302.29 USD To 147,668.97 USD 9/17/22 Current Year Amortization 3133T52K8 09/21/22 Paid Down 11,790.63 Par Value Of 11,790.63 - 12,054.10 F H L M C Mltcl Mtg 6.000% 7/17/24 Trade Date 9/17/22 3133T52K8 09/21/22 Interest Earned On 129.96 Honda Auto 1.610% 4/22/24 $0.00134/Pv On 96,866.95 Pv Due 9/21/22 43813RAC1 09/21/22 Paid Down 11,393.63 Par Value Of 11,393.63 - 11,347.22 Honda Auto 1.610% 4/22/24 Trade Date 9/21/22 43813RAC1 09/21/22 Sold 775,907.53 Units Of 775,907.53 - 775,907.53 First Am Govt Ob Fd Cl Y Trade Date 9/21/22 31846V203 09/21/22 Purchased 20,466.3 Par Value Of - 20,261.64 20,261.64 F N M A Gtd Remic 3.000% 7/25/41 Trade Date 9/16/22 Purchased Through Sncrus44 Stifel, Nicolaus US Swift External Ref#: 00613000020910A 20,466.3 Par Value At 99.00000015 % 3136A7D25 09/21/22 Paid Accrued Interest On Purchase Of - 34.11 F N M A Gtd Remic 3.000% 7/25/41 Income Debit 34.11- USD 3136A7D25 09/21/22 Matured 250,000 Par Value Of 249,357.78 - 249,357.78 Dominion Energy South C P 9/21/22 Trade Date 9/21/22 250,000 Par Value At 100 % 25731EJM5 09/21/22 Interest Earned On 642.22 Dominion Energy South C P 9/21/22 250,000 Par Value At 100 % 25731EJM5 00- -M -PF-PC -274-04 02353104 23531 Page 30 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 154 09/21/22 Cash Disbursement - 608.11 Transfer To Principal Income Earnings 09/21/22 Cash Receipt 608.11 Transfer From Income Income Earnings 09/21/22 Purchased 229,704.25 Units Of - 229,704.25 229,704.25 First Am Govt Ob Fd Cl Y Trade Date 9/21/22 31846V203 09/21/22 Purchased 450,000 Par Value Of - 449,971.38 449,971.38 Cooperatieve Centrale C P 9/22/22 Trade Date 9/21/22 Purchased Through Rbc Capital Markets, LLC Swift External Ref#: 00613000021010A 450,000 Par Value At 99.99364 % 21687BJN2 09/21/22 Purchased 350,000 Par Value Of - 349,972.58 349,972.58 Continental Rubr Amer C P 9/22/22 Trade Date 9/21/22 Purchased Through J.P. Morgan Securities LLC Swift External Ref#: 00613000021020A 350,000 Par Value At 99.99216571 % 21201CJN7 09/22/22 Matured 450,000 Par Value Of 449,971.38 - 449,971.38 Cooperatieve Centrale C P 9/22/22 Trade Date 9/22/22 450,000 Par Value At 100 % 21687BJN2 09/22/22 Interest Earned On 28.62 Cooperatieve Centrale C P 9/22/22 450,000 Par Value At 100 % 21687BJN2 09/22/22 Matured 350,000 Par Value Of 349,972.58 - 349,972.58 Continental Rubr Amer C P 9/22/22 Trade Date 9/22/22 350,000 Par Value At 100 % 21201CJN7 09/22/22 Interest Earned On 27.42 Continental Rubr Amer C P 9/22/22 350,000 Par Value At 100 % 21201CJN7 09/22/22 Cash Disbursement - 908.21 Transfer To Principal Income Earnings 09/22/22 Cash Receipt 908.21 Transfer From Income Income Earnings 00- -M -PF-PC -274-04 02353104 23531 Page 31 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 155 1010101010101010101010110110111000000011101011010010100100001001010101110001011111100001000001001010110001000011001100011001001000001101000010011001100001001111110011000011000110101111001000110100010110000000110000101000101110001100010000111000001100111010000011100001011010011011100011000101110101001001111101100101001110101110011001010010110001111101110101011011101100101010101011111111111111111111 09/22/22 Purchased 800,000 Units Of - 800,000.00 800,000.00 First Am Govt Ob Fd Cl Y Trade Date 9/22/22 31846V203 09/23/22 Sold 449,819.5 Units Of 449,819.50 - 449,819.50 First Am Govt Ob Fd Cl Y Trade Date 9/23/22 31846V203 09/23/22 Purchased 475,000 Par Value Of - 458,504.88 458,504.88 U S Treasury Nt 0.125% 8/15/23 Trade Date 9/21/22 Purchased Through Nmrius33 Nomura Secs Intl Ny Swift External Ref#: 00613000021030A 475,000 Par Value At 96.52734316 % 91282CAF8 09/23/22 Paid Accrued Interest On Purchase Of - 62.92 U S Treasury Nt 0.125% 8/15/23 Income Debit 62.92- USD 91282CAF8 09/23/22 Matured 500,000 Par Value Of 499,816.67 - 499,816.67 L3Harris Technologies C P 9/23/22 Trade Date 9/23/22 500,000 Par Value At 100 % 50246YJP0 09/23/22 Interest Earned On 183.33 L3Harris Technologies C P 9/23/22 500,000 Par Value At 100 % 50246YJP0 09/23/22 Cash Disbursement - 120.41 Transfer To Principal Income Earnings 09/23/22 Cash Receipt 120.41 Transfer From Income Income Earnings 09/23/22 Purchased 41,432.2 Units Of - 41,432.20 41,432.20 First Am Govt Ob Fd Cl Y Trade Date 9/23/22 31846V203 09/23/22 Purchased 450,000 Par Value Of - 449,819.50 449,819.50 Canadian Tire Corp Ltd C P 9/27/22 Trade Date 9/23/22 Purchased Through Rbc Capital Markets, LLC Swift External Ref#: 00613000021070A 450,000 Par Value At 99.95988889 % 13668MJT5 09/26/22 Purchased 380.54 Par Value Of - 380.54 380.54 F N M A Gtd Remic 3.000% 3/25/40 Trade Date 9/25/22 3136AGP89 00- -M -PF-PC -274-04 02353104 23531 Page 32 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 156 09/26/22 Interest Earned On 380.54 F N M A Gtd Remic 3.000% 3/25/40 Deferred Interest For 9/25/22 On Payup Issue 3136AGP89 09/26/22 Amortized Premium On - 46.03 F H L M C Mltcl Mtg 2.592% 4/25/23 Fed Basis Decreased By 46.03 USD To 118,658.74 USD 9/25/22 Current Year Amortization 3137B7YX1 09/26/22 Interest Earned On 255.62 F H L M C Mltcl Mtg 2.592% 4/25/23 $0.00216/Pv On 118,343.98 Pv Due 9/25/22 3137B7YX1 09/26/22 Paid Down 15,779.48 Par Value Of 15,779.48 - 15,821.45 F H L M C Mltcl Mtg 2.592% 4/25/23 Trade Date 9/25/22 3137B7YX1 09/26/22 Interest Earned On 275.00 F H L M C Mltcl Mtg 3.300% 4/25/23 $0.00275/Pv On 100,000.00 Pv Due 9/25/22 3137B3NX2 09/26/22 Amortized Premium On - 47.07 F H L M C Mltcl Mtg 3.300% 4/25/23 Fed Basis Decreased By 47.07 USD To 100,321.91 USD 9/25/22 Current Year Amortization 3137B3NX2 09/26/22 Paid Down 3,603.73 Par Value Of 3,603.73 - 3,615.33 F H L M C Mltcl Mtg 3.300% 4/25/23 Trade Date 9/25/22 3137B3NX2 09/26/22 Interest Earned On 395.01 F H L M C Mltcl Mt 3.320% 2/25/23 $0.00277/Pv On 142,775.87 Pv Due 9/25/22 3137B36J2 09/26/22 Amortized Premium On - 228.07 F H L M C Mltcl Mt 3.320% 2/25/23 Fed Basis Decreased By 228.07 USD To 143,338.69 USD 9/25/22 Current Year Amortization 3137B36J2 09/26/22 Paid Down 3,115.55 Par Value Of 3,115.55 - 3,127.83 F H L M C Mltcl Mt 3.320% 2/25/23 Trade Date 9/25/22 3137B36J2 09/26/22 Interest Earned On 435.84 F H L M C Mltcl Mt 2.615% 1/25/23 $0.00218/Pv On 200,000.00 Pv Due 9/25/22 3137B04Y7 00- -M -PF-PC -274-04 02353104 23531 Page 33 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 157 1010101010101010101010110110111000000011101011010010100100001001010101100000111111100001000001001110110001000011011111011001001000001010110010011000100110110001110011000010011100001111001000011110110110000000100000001000101110011101110000111000001100011100000011100010011110101011100010000001010000001000111100100011100110111110110000100100110000011101101011011011100010101001001011111111111111111111 09/26/22 Amortized Premium On - 177.05 F H L M C Mltcl Mt 2.615% 1/25/23 Fed Basis Decreased By 177.05 USD To 200,696.79 USD 9/25/22 Current Year Amortization 3137B04Y7 09/26/22 Amortized Premium On - 3.71 F H L M C Mltcl Mt 2.522% 1/25/23 Fed Basis Decreased By 3.71 USD To 52,660.94 USD 9/25/22 Current Year Amortization 3137B1U75 09/26/22 Interest Earned On 110.86 F H L M C Mltcl Mt 2.522% 1/25/23 $0.00210/Pv On 52,746.04 Pv Due 9/25/22 3137B1U75 09/26/22 Paid Down 22,262.06 Par Value Of 22,262.06 - 22,226.14 F H L M C Mltcl Mt 2.522% 1/25/23 Trade Date 9/25/22 3137B1U75 09/26/22 Interest Earned On 382.27 F H L M C Mltcl Mtg 3.111% 2/25/23 $0.00259/Pv On 147,452.44 Pv Due 9/25/22 3137B2HN3 09/26/22 Amortized Premium On - 60.84 F H L M C Mltcl Mtg 3.111% 2/25/23 Fed Basis Decreased By 60.84 USD To 147,752.72 USD 9/25/22 Current Year Amortization 3137B2HN3 09/26/22 Paid Down 10,771.69 Par Value Of 10,771.69 - 10,793.63 F H L M C Mltcl Mtg 3.111% 2/25/23 Trade Date 9/25/22 3137B2HN3 09/26/22 Interest Earned On 147.13 F H L M C Mltcl Mtg 3.531% 7/25/23 $0.00294/Pv On 50,000.00 Pv Due 9/25/22 3137B5JM6 09/26/22 Amortized Premium On - 70.64 F H L M C Mltcl Mtg 3.531% 7/25/23 Fed Basis Decreased By 70.64 USD To 50,690.42 USD 9/25/22 Current Year Amortization 3137B5JM6 09/26/22 Interest Earned On 96.31 F H L M C Mltcl Mtg 2.697% 1/25/25 $0.00225/Pv On 42,854.01 Pv Due 9/25/22 3137BJP56 00- -M -PF-PC -274-04 02353104 23531 Page 34 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 158 09/26/22 Amortized Premium On - 17.53 F H L M C Mltcl Mtg 2.697% 1/25/25 Fed Basis Decreased By 17.53 USD To 43,336.29 USD 9/25/22 Current Year Amortization 3137BJP56 09/26/22 Paid Down 2,090.18 Par Value Of 2,090.18 - 2,113.70 F H L M C Mltcl Mtg 2.697% 1/25/25 Trade Date 9/25/22 3137BJP56 09/26/22 Interest Earned On 692.50 F H L M C Mltcl Mt 2.76996% 5/25/25 $0.00231/Pv On 300,000.00 Pv Due 9/25/22 3137BJQ71 09/26/22 Amortized Premium On - 399.19 F H L M C Mltcl Mt 2.76996% 5/25/25 Fed Basis Decreased By 399.19 USD To 312,529.49 USD 9/25/22 Current Year Amortization 3137BJQ71 09/26/22 Amortized Premium On - 53.44 F H L M C Mltcl Mtg 2.454% 8/25/23 Fed Basis Decreased By 53.44 USD To 230,140.20 USD 9/25/22 Current Year Amortization 3137BSPW7 09/26/22 Interest Earned On 469.65 F H L M C Mltcl Mtg 2.454% 8/25/23 $0.00205/Pv On 229,658.30 Pv Due 9/25/22 3137BSPW7 09/26/22 Paid Down 269.27 Par Value Of 269.27 - 269.84 F H L M C Mltcl Mtg 2.454% 8/25/23 Trade Date 9/25/22 3137BSPW7 09/26/22 Interest Earned On 270.02 F H L M C Mltcl Mtg 2.951% 2/25/24 $0.00246/Pv On 109,802.76 Pv Due 9/25/22 3137FCM35 09/26/22 Amortized Premium On - 10.96 F H L M C Mltcl Mtg 2.951% 2/25/24 Fed Basis Decreased By 10.96 USD To 109,985.97 USD 9/25/22 Current Year Amortization 3137FCM35 09/26/22 Paid Down 3,737.44 Par Value Of 3,737.44 - 3,743.68 F H L M C Mltcl Mtg 2.951% 2/25/24 Trade Date 9/25/22 3137FCM35 09/26/22 Interest Earned On 196.64 F H L M C Mltcl Mt 2.79237% 7/25/24 $0.00233/Pv On 84,505.34 Pv Due 9/25/22 3137FQXG3 00- -M -PF-PC -274-04 02353104 23531 Page 35 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 159 1010101010101010101010110110111000000011101011010010100100001001010101010000111111100001000001001010110001000011001101011001000100001111110010011111100010110001110011000010101011101111001000111100110110000000100101001000101110001101000000111000001000111111000011100101101100011111100010001101100101001001010000011011000110110101100000001000110101001101011101011011100000101001101011111111111111111111 09/26/22 Interest Earned On 467.56 F H L M C Mltcl Mt 3.250% 4/25/23 $0.00271/Pv On 172,635.95 Pv Due 9/25/22 3137B3NA2 09/26/22 Amortized Premium On - 84.85 F H L M C Mltcl Mt 3.250% 4/25/23 Fed Basis Decreased By 84.85 USD To 173,216.22 USD 9/25/22 Current Year Amortization 3137B3NA2 09/26/22 Paid Down 4,675.44 Par Value Of 4,675.44 - 4,691.16 F H L M C Mltcl Mt 3.250% 4/25/23 Trade Date 9/25/22 3137B3NA2 09/26/22 Sold 938,969.18 Units Of 938,969.18 - 938,969.18 First Am Govt Ob Fd Cl Y Trade Date 9/26/22 31846V203 09/26/22 Amortized Premium On - 9.66 F N M A Gtd Remic 3.000% 3/25/40 Fed Basis Decreased By 9.66 USD To 152,998.43 USD 9/25/22 Current Year Amortization 3136AGP89 09/26/22 Paid Down 4,994.15 Par Value Of 4,994.15 - 5,019.87 F N M A Gtd Remic 3.000% 3/25/40 Trade Date 9/25/22 3136AGP89 09/26/22 Interest Earned On 215.53 F N M A Gtd Remic 3.000% 10/25/37 $0.00250/Pv On 86,210.83 Pv Due 9/25/22 3136AYEV1 09/26/22 Paid Down 3,686 Par Value Of 3,686.00 - 3,671.60 F N M A Gtd Remic 3.000% 10/25/37 Trade Date 9/25/22 3136AYEV1 09/26/22 Accreted Discount On 10.77 F N M A #Am2182 2.160% 1/01/23 Fed Basis Increased By 10.77 USD To 117,893.28 USD 9/26/22 Market Discount 3138L2M87 09/26/22 Paid Down 320.91 Par Value Of 320.91 - 320.84 F N M A #Am2182 2.160% 1/01/23 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3138L2M87 09/26/22 Interest Earned On 219.33 F N M A #Am2182 2.160% 1/01/23 August FNMA Due 9/25/22 3138L2M87 00- -M -PF-PC -274-04 02353104 23531 Page 36 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 160 09/26/22 Accreted Discount On 1.25 F N M A #Bm1757 2.413% 4/01/23 Fed Basis Increased By 1.25 USD To 42,926.37 USD 9/26/22 Market Discount 3140J55T2 09/26/22 Paid Down 11,718.11 Par Value Of 11,718.11 - 11,716.04 F N M A #Bm1757 2.413% 4/01/23 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140J55T2 09/26/22 Interest Earned On 89.21 F N M A #Bm1757 2.413% 4/01/23 August FNMA Due 9/25/22 3140J55T2 09/26/22 Amortized Premium On - 12.09 F N M A #995265 5.500% 1/01/24 Fed Basis Decreased By 12.09 USD To 29,534.31 USD 9/25/22 Current Year Amortization 31416BTW8 09/26/22 Paid Down 3,904 Par Value Of 3,904.00 - 3,915.79 F N M A #995265 5.500% 1/01/24 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31416BTW8 09/26/22 Interest Earned On 134.96 F N M A #995265 5.500% 1/01/24 August FNMA Due 9/25/22 31416BTW8 09/26/22 Matured 350,000 Par Value Of 349,595.56 - 349,595.56 National Fuel Gas Co C P 9/26/22 Trade Date 9/26/22 350,000 Par Value At 100 % 63616KJS9 09/26/22 Interest Earned On 404.44 National Fuel Gas Co C P 9/26/22 350,000 Par Value At 100 % 63616KJS9 09/26/22 Cash Disbursement - 1,063.47 Transfer To Principal Income Earnings 09/26/22 Cash Receipt 1,063.47 Transfer From Income Income Earnings 09/26/22 Purchased 375,282.2 Units Of - 375,282.20 375,282.20 First Am Govt Ob Fd Cl Y Trade Date 9/26/22 31846V203 00- -M -PF-PC -274-04 02353104 23531 Page 37 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 161 1010101010101010101010110110111000000011101011010010100100001001010101000001011111100001000001001110110001000011011110011001000100001000000010011110100101001111110011000011110001001111001000010110010110000000110101101000101110011100100000111000001000011001000011100110101000101111100011001001000000001000010001011101101110100101001001111110110100101101000011011011101110101010001011111111111111111111 09/26/22 Purchased 247,932.69 Par Value Of - 246,857.66 246,857.66 F H L M C Mltcl Mt 3.458% 8/25/23 Trade Date 9/6/22 Purchased Through Bofmcat2 Bank Of Montreal 247,932.69 Par Value At 99.56640248 % Revs/Repost Ctas Adjust 9/26/22 3137B5KW2 09/26/22 Paid Accrued Interest On Purchase Of - 190.52 F H L M C Mltcl Mt 3.458% 8/25/23 Income Debit 190.52- USD 3137B5KW2 09/26/22 Purchased 400,000 Par Value Of - 399,720.00 399,720.00 Continental Rubber Of C P 10/03/22 Trade Date 9/26/22 Purchased Through BofA Securities, Inc./Fxd Inc Swift External Ref#: 00613000021090A 400,000 Par Value At 99.93 % 21201CK39 09/26/22 Purchased 400,000 Par Value Of - 399,080.56 399,080.56 Natl Rural Util Coop C P 10/21/22 Trade Date 9/26/22 Purchased Through Rbc Capital Markets, LLC Swift External Ref#: 00613000021100A 400,000 Par Value At 99.77014 % 63743DKM2 09/27/22 Interest Earned On 1,264.44 Bank Montreal C D 0.20147% 9/27/22 0.00562 USD/$1 Pv On 225,000 Par Value Due 9/27/22 06367CLT2 09/27/22 Purchased 248,312.62 Units Of - 248,312.62 248,312.62 First Am Govt Ob Fd Cl Y Trade Date 9/27/22 31846V203 09/27/22 Matured 225,000 Par Value Of 225,000.00 - 225,000.00 Bank Montreal C D 0.20147% 9/27/22 Trade Date 9/27/22 225,000 Par Value At 100 % 06367CLT2 09/27/22 Matured 450,000 Par Value Of 449,819.50 - 449,819.50 Canadian Tire Corp Ltd C P 9/27/22 Trade Date 9/27/22 450,000 Par Value At 100 % 13668MJT5 09/27/22 Interest Earned On 180.50 Canadian Tire Corp Ltd C P 9/27/22 450,000 Par Value At 100 % 13668MJT5 09/27/22 Amortized Premium On - 7,447.58 Citigroup Inc 2.700% 10/27/22 Fed Basis Decreased By 7,447.58 USD To 750,000.00 USD 9/27/22 Current Year Amortization 172967LQ2 00- -M -PF-PC -274-04 02353104 23531 Page 38 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 162 09/27/22 Full Call 750,000.00 - 750,000.00 750,000 $1 Pv Citigroup Inc 2.700% 10/27/22 On 09/27/22 At 1.00 USD Federal Tax Cost 750,000.00 USD Corporate Action Id: 177289 172967LQ2 09/27/22 Full Call 8,437.50 750,000 Shares/Par Value Of Citigroup Inc 2.700% 10/27/22 Payable At 0.0113 USD Due 09/27/22 Total Income 8,437.50 USD 172967LQ2 09/27/22 Cash Disbursement - 12,622.32 Transfer To Principal Income Earnings 09/27/22 Cash Receipt 12,622.32 Transfer From Income Income Earnings 09/27/22 Purchased 1,397,611.67 Units Of - 1,397,611.67 1,397,611.67 First Am Govt Ob Fd Cl Y Trade Date 9/27/22 31846V203 09/28/22 Cash Disbursement - 1,454.96 Transfer To Principal Income Earnings 09/28/22 Cash Receipt 1,454.96 Transfer From Income Income Earnings 09/30/22 Sold 1,481,224.48 Units Of 1,481,224.48 - 1,481,224.48 First Am Govt Ob Fd Cl Y Trade Date 9/30/22 31846V203 09/30/22 Purchased 450,000 Par Value Of - 449,481.63 449,481.63 Canadian Tire Corp Ltd C P 10/11/22 Trade Date 9/29/22 Purchased Through Rcmcus31 United States Swift External Ref#: 00613000021140A 450,000 Par Value At 99.88480667 % 13668MKB2 09/30/22 Purchased 1,025,000 Par Value Of - 1,026,719.43 1,026,719.43 U S Treasury Nt 0.325% 10/31/23 Trade Date 9/30/22 Purchased Through Sbnyus33 Citgroup Gbl Mkts Ny Swift External Ref#: 00613000021150A 1,025,000 Par Value At 100.16774927 % 91282CDE8 09/30/22 Paid Accrued Interest On Purchase Of - 5,023.42 U S Treasury Nt 0.325% 10/31/23 Income Debit 5,023.42- USD 91282CDE8 00- -M -PF-PC -274-04 02353104 23531 Page 39 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 163 1010101010101010101010110110111000000011101011010010100100001001010100110001111111100001000001000010110001000011000100011001000100001110100010011101100010110111110011000010000110001111001001010000110110000000110001010000101110011010001010111000001101011110100011100001010001001111100011110101011101001000001011111100011110101100111011100010110001000100110101011011100110101001001011111111111111111111 00- -M -PF-PC -274-04 02353104 23531 Page 40 of 58 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) PROJECT SALES TAX REVENUE Date Income Principal Tax Posted Description Cash Cash Cost Ending Balance 09/30/2022 - $5,023.42 $5,023.42 $23,195,726.91 0313205-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907004 TRANSACTION DETAIL (continued) 164 900,000.000 Federal Home Loan Bks 899,253.00 899,122.50 5.9 0.09 Discount Note 99.9170 99.90 .00 313385K47 57,855.900 First American Government 57,855.90 57,855.90 0.4 1,425.00 Oblig Fd Cl Y 1.0000 1.00 2.46 31846V203 815,000.000 U S Treasury Note 814,641.40 814,014.44 5.4 11,206.25 1.375 10/15/2022 99.9560 99.88 1.38 Standard & Poors Rating: N/A Moodys Rating: Aaa 5,087.860 F N M A Gtd R E M I C Pass Thru 5,068.83 4,931.45 0.0 111.07 C M O Ser 2012 M17 Cl A2 99.6260 96.93 2.19 3136A96F0 Standard & Poors Rating: N/A Moodys Rating: N/A 23,600.480 F H L M C Multiclass Mtg Partn 23,519.29 23,200.38 0.2 595.20 C M O Ser K S01 Cl A2 99.6560 98.30 2.53 3137B1U75 Standard & Poors Rating: N/A Moodys Rating: N/A 49,346.640 F H L M C Multiclass Mtg Partn 49,167.02 49,484.42 0.3 1,638.31 C M O Ser K029 Cl A2 99.6360 100.28 3.33 3137B36J2 Standard & Poors Rating: N/A Moodys Rating: N/A 1,300,000.000 U S Treasury Note 1,280,344.00 1,299,988.12 8.5 6,500.00 0.500 03/15/2023 98.4880 100.00 .51 Standard & Poors Rating: N/A Moodys Rating: Aaa 10/13/2022 #3763 912828YK0 2.184 11/25/2022 2.522 01/25/2023 3.320 02/25/2023 912828ZD5 6.3 $1,425.09 $957,108.90 $956,978.40 00- -M -PF-PC -274-04 02354704 23547 Page 3 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 Cash Equivalents Total Cash Equivalents US Government Issues ACCOUNT NUMBER: 240907020 ASSET DETAIL AS OF 09/30/22 165 1010101010101010101010110110111000000011101011010001100100001001010101100001011111100000110001001110110001011111010111011001001100001111010010010110100010110011110001000011000110001110001000101001110110000000111100100000110010010010001110111000001110001101110011100010101010111111100011001100010011001000011111011010011110100100011100111010110101111101100111011011101100101001101011111111111111111111 11,786.690 F N M A Gtd R E M I C Pass Thru 11,676.37 11,592.84 0.1 314.94 C M O Ser 2013 M6 Cl 2A 99.0640 98.36 2.70 3136AC7J4 Standard & Poors Rating: N/A Moodys Rating: N/A 22,134.870 F N M A Partn Cert 22,078.65 22,130.97 0.2 534.11 Pool #Bm1757 99.7460 99.98 2.42 3140J55T2 Standard & Poors Rating: N/A Moodys Rating: N/A 16,777.760 F N M A Gtd R E M I C Pass Thru 16,766.02 16,788.56 0.1 922.78 C M O Ser 2003 23 Cl Eq 99.9300 100.06 5.50 31392J6N4 Standard & Poors Rating: N/A Moodys Rating: N/A 1,295,000.000 U S Treasury Note 1,263,842.30 1,288,955.47 8.4 1,618.75 0.125 05/15/2023 97.5940 99.53 .13 Standard & Poors Rating: N/A Moodys Rating: Aaa 1,265,000.000 U S Treasury Note 1,211,730.85 1,257,228.53 8.0 1,581.25 0.125 10/15/2023 95.7890 99.39 .13 Standard & Poors Rating: N/A Moodys Rating: Aaa 130,000.000 F N M A 124,247.50 129,967.50 0.8 390.00 0.300 10/27/2023 95.5750 99.98 .31 Standard & Poors Rating: AA+ Moodys Rating: Aaa 400,000.000 F H L M C M T N 382,440.00 400,233.80 2.5 1,280.00 0.320 11/02/2023 95.6100 100.06 .33 Standard & Poors Rating: N/A Moodys Rating: Aaa 1,255,000.000 U S Treasury Note 1,194,207.80 1,238,114.84 7.9 1,568.75 0.125 12/15/2023 95.1560 98.65 .13 Standard & Poors Rating: N/A Moodys Rating: Aaa 03/25/2023 Var 2.493 04/01/2023 5.500 04/25/2023 912828ZP8 91282CAP6 3136G46A6 3134GW6E1 91282CBA8 00- -M -PF-PC -274-04 02354704 23547 Page 4 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 ASSET DETAIL AS OF 09/30/22 (continued) 166 209,000.000 F H L M C Multiclass Mtg Partn 206,510.81 216,621.13 1.4 7,294.10 C M O Ser K037 Cl A2 98.8090 103.65 3.53 3137B7YY9 Standard & Poors Rating: AAA Moodys Rating: N/A 565,000.000 U S Treasury Note 531,958.80 540,192.97 3.5 2,118.75 0.375 04/15/2024 94.1520 95.61 .40 Standard & Poors Rating: N/A Moodys Rating: Aaa 1,000,000.000 U S Treasury Note 934,020.00 974,541.01 6.2 2,500.00 0.250 06/15/2024 93.4020 97.45 .27 Standard & Poors Rating: N/A Moodys Rating: Aaa 175,000.000 F H L M C Multiclass Mtg Partn 171,388.00 183,047.45 1.1 5,780.25 C M O Ser K039 Cl A2 97.9360 104.60 3.37 3137BDCW4 Standard & Poors Rating: N/A Moodys Rating: N/A 23,278.600 F H L M C Multiclass Mtg Partn 23,006.01 23,759.93 0.2 633.18 C M O Ser K041 Cl A1 98.8290 102.07 2.75 3137BFE80 Standard & Poors Rating: N/A Moodys Rating: N/A 85,000.000 F H L M C M T N 83,813.40 85,000.00 0.6 3,400.00 4.000 12/30/2024 98.6040 100.00 4.06 Standard & Poors Rating: AA+ Moodys Rating: Aaa 1,020,000.000 U S Treasury Note 966,450.00 1,022,919.13 6.4 17,850.00 1.750 12/31/2024 94.7500 100.29 1.85 Standard & Poors Rating: N/A Moodys Rating: N/A 134,886.060 F H L M C Multiclass Mtg Partn 131,790.42 138,948.25 0.9 3,779.51 C M O Ser K050 Cl A1 97.7050 103.01 2.87 3137BLW87 Standard & Poors Rating: N/A Moodys Rating: N/A 3.490 01/25/2024 91282CBV2 91282CCG4 3.303 07/25/2024 2.720 08/25/2024 3134GXA61 912828YY0 2.802 01/25/2025 00- -M -PF-PC -274-04 02354704 23547 Page 5 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 ASSET DETAIL AS OF 09/30/22 (continued) 167 1010101010101010101010110110111000000011101011010001100100001001010101010001111111100000110001010110110001011111001111011001001100001010010010010101100011111001110001000011101011001110001001100100010110000000101101101000110010000001101110111000001010100111100011100110111101001111100010000011011001001001111100111000100110100001100111110000110011010101011101011011101110101011101011111111111111111111 148,860.130 F H L M C Multiclass Mtg Partn 145,577.76 149,767.85 1.0 5,358.96 C M O Ser K731 Cl A2 97.7950 100.61 3.68 3137F4WZ1 Standard & Poors Rating: N/A Moodys Rating: N/A 105,000.000 Federal Home Loan Bks 99,341.55 105,000.00 0.7 2,310.00 2.200 02/28/2025 94.6110 100.00 2.32 Standard & Poors Rating: AA+ Moodys Rating: Aaa 1,250,000.000 U S Treasury Note 1,140,387.50 1,210,609.18 7.5 6,250.00 0.500 03/31/2025 91.2310 96.85 .55 Standard & Poors Rating: N/A Moodys Rating: Aaa 150,000.000 F H L M C Multiclass Mtg Partn 142,909.50 157,569.02 1.0 4,154.94 C M O Ser Kplb Cl A 95.2730 105.05 2.91 3137BJQ71 Standard & Poors Rating: N/A Moodys Rating: N/A 35,000.000 F H L M C Multiclass Mtg Partn 33,874.40 34,870.12 0.2 1,165.15 C M O Ser K047 Cl A2 96.7840 99.63 3.44 3137BKRJ1 Standard & Poors Rating: N/A Moodys Rating: N/A 155,000.000 F H L M C M T N 152,808.30 155,000.00 1.0 6,277.50 4.050 07/21/2025 98.5860 100.00 4.11 Standard & Poors Rating: AA+ Moodys Rating: Aaa 125,000.000 F H L M C Multiclass Mtg Partn 119,777.50 124,448.24 0.8 3,938.70 C M O Ser K052 Cl A2 95.8220 99.56 3.29 3137BMTX4 Standard & Poors Rating: N/A Moodys Rating: N/A 150,000.000 F N M A Partn Cert 147,027.00 151,104.92 1.0 5,190.00 Pool #Bl1359 98.0180 100.74 3.53 3140HSQM6 Standard & Poors Rating: N/A Moodys Rating: N/A 02/25/2025 Var 3130AR2C4 912828ZF0 2.770 05/25/2025 3.329 05/25/2025 3134GXG24 3.151 11/25/2025 3.460 01/01/2026 00- -M -PF-PC -274-04 02354704 23547 Page 6 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 ASSET DETAIL AS OF 09/30/22 (continued) 168 175,000.000 F H L M C Multiclass Mtg Partn 167,954.50 173,660.16 1.1 1,295.70 C M O Ser Kbx1 Cl A2 95.9740 99.23 .77 3137F4CZ3 Standard & Poors Rating: N/A Moodys Rating: N/A 52,770.660 F H L M C Multiclass Mtg Partn 52,115.25 53,214.16 0.4 1,846.97 C M O Ser 3806 Cl L 98.7580 100.84 3.54 3137A6YW6 Standard & Poors Rating: N/A Moodys Rating: N/A 153,529.590 F N M A Partn Cert 143,243.11 150,195.43 1.0 3,915.00 Pool #An1613 93.3000 97.83 2.73 3138LDYK3 Standard & Poors Rating: N/A Moodys Rating: N/A 28,220.780 F H L M C Multiclass Mtg Partn 27,671.32 28,519.18 0.2 564.42 C M O Ser 4272 Cl Yg 98.0530 101.06 2.04 3137B6DF5 Standard & Poors Rating: N/A Moodys Rating: N/A 54,293.950 F N M A Gtd R E M I C Pass Thru 50,204.53 52,183.70 0.3 1,432.82 C M O Ser 2017 M4 Cl A2 92.4680 96.11 2.85 3136AVY52 Standard & Poors Rating: N/A Moodys Rating: N/A 10,693.580 G N M A I I Pass Thru Cert 10,401.32 10,781.97 0.1 320.81 Pool #005276 97.2670 100.83 3.08 36202F2H8 Standard & Poors Rating: N/A Moodys Rating: N/A 12,210.960 G N M A I I Pass Thru Cert 11,870.03 12,453.86 0.1 366.33 Pool #005300 97.2080 101.99 3.09 36202F3H7 Standard & Poors Rating: N/A Moodys Rating: N/A 25,315.780 F H L M C Multiclass Mtg Partn 24,073.03 25,558.84 0.2 379.74 C M O Ser 4039 Cl Qb 95.0910 100.96 1.58 3137AQQE1 Standard & Poors Rating: N/A Moodys Rating: N/A 2.920 01/25/2026 3.500 02/15/2026 2.550 07/01/2026 2.000 11/15/2026 12/25/2026 Var 3.000 01/20/2027 3.000 02/20/2027 1.500 05/15/2027 00- -M -PF-PC -274-04 02354704 23547 Page 7 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 ASSET DETAIL AS OF 09/30/22 (continued) 169 1010101010101010101010110110111000000011101011010001100100001001010101000000011111100000110001010010110001011111011100011001001100001101100010010100100100000111110001000010110001101110001001001110110110000000111101001000110010010000001110111000001010000001100011100101111001111111100011000111111100001000111101111110001110110001001110000110110010110101000011011011100000101000001011111111111111111111 100,061.930 G N M A Partn Cert 97,215.17 102,501.06 0.6 3,001.86 Pool #779250 97.1550 102.44 3.09 36176XQB8 Standard & Poors Rating: N/A Moodys Rating: N/A 29,836.030 G N M A Gtd R E M I C Pass Thru 28,090.03 30,100.04 0.2 447.54 C M O Ser 2012 96 Cl Ad 94.1480 100.88 1.59 38378HAU0 Standard & Poors Rating: N/A Moodys Rating: N/A 11,306.700 F N M A Gtd R E M I C Pass Thru 10,636.21 11,421.70 0.1 169.60 C M O Ser 2012 102 Cl Bj 94.0700 101.02 1.59 3136A8SX9 Standard & Poors Rating: N/A Moodys Rating: N/A 58,458.130 F H L M C Multiclass Mtg Partn 55,186.23 57,190.12 0.4 730.73 C M O Ser 4138 Cl Ha 94.4030 97.83 1.32 3137AWWM3 Standard & Poors Rating: N/A Moodys Rating: N/A 33,039.470 F H L M C Multiclass Mtg Partn 32,520.09 33,413.71 0.2 825.99 C M O Ser 4328 Cl Ea 98.4280 101.13 2.54 3137B9RN7 Standard & Poors Rating: N/A Moodys Rating: N/A 46,095.720 G N M A I I Pass Thru Cert 44,614.66 45,921.05 0.3 1,382.87 Pool #Ma0909 96.7870 99.62 3.10 36179NAJ7 Standard & Poors Rating: N/A Moodys Rating: N/A 29,649.050 F N M A Gtd R E M I C Pass Thru 27,887.90 29,852.26 0.2 370.61 C M O Ser 2013 27 Cl Ka 94.0600 100.69 1.33 3136ADZA0 Standard & Poors Rating: N/A Moodys Rating: N/A 54,742.690 G N M A I I Partn Cert 52,759.36 55,791.74 0.4 1,642.28 Pool #Ma1134 96.3770 101.92 3.11 36179NHK7 3.000 05/15/2027 1.500 08/20/2027 1.500 09/15/2027 1.250 12/15/2027 2.500 12/15/2027 3.000 04/20/2028 1.250 04/25/2028 3.000 07/20/2028 00- -M -PF-PC -274-04 02354704 23547 Page 8 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 ASSET DETAIL AS OF 09/30/22 (continued) 170 13,084.760 F N M A Gtd R E M I C Pass Thru 12,400.43 13,237.67 0.1 228.98 C M O Ser 2013 70 Cl Dg 94.7700 101.17 1.85 3136AEY84 Standard & Poors Rating: N/A Moodys Rating: N/A 15,886.280 G N M A II Partn Cert 15,127.55 16,294.07 0.1 397.16 Pool #Ma1202 95.2240 102.57 2.63 36179NKP2 Standard & Poors Rating: N/A Moodys Rating: N/A 16,080.310 F H L M C Multiclass Mtg Partn 15,750.66 15,879.30 0.1 321.61 C M O Ser 4305 Cl Ct 97.9500 98.75 2.04 3137B84S3 Standard & Poors Rating: N/A Moodys Rating: N/A 147,765.690 F N M A Partn Cert 137,122.13 152,530.22 0.9 3,694.14 Pool #As4860 92.7970 103.22 2.69 3138WEMJ5 Standard & Poors Rating: N/A Moodys Rating: N/A 49,351.520 F H L M C Gold Partn Cert 46,661.86 48,818.06 0.3 1,480.55 Pool #G18561 94.5500 98.92 3.17 3128MMTT0 Standard & Poors Rating: N/A Moodys Rating: N/A 59,246.950 F H L M C Gold Partn Cert 55,925.57 62,045.39 0.4 1,777.41 Pool #J32243 94.3940 104.72 3.18 31307NP40 Standard & Poors Rating: N/A Moodys Rating: N/A 143,563.920 F H L M C Gold Partn Cert 133,373.75 148,141.04 0.9 3,589.10 Pool #G18571 92.9020 103.19 2.69 3128MMT52 Standard & Poors Rating: N/A Moodys Rating: N/A 59,234.080 F H L M C Partn Cert Umbs 56,207.22 61,932.87 0.4 2,073.19 Pool #Zt1963 94.8900 104.56 3.69 3132AEFC5 Standard & Poors Rating: N/A Moodys Rating: N/A 1.750 07/25/2028 2.500 08/20/2028 2.000 02/15/2029 2.500 05/01/2030 3.000 07/01/2030 3.000 07/01/2030 2.500 10/01/2030 3.500 11/01/2030 00- -M -PF-PC -274-04 02354704 23547 Page 9 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 ASSET DETAIL AS OF 09/30/22 (continued) 171 1010101010101010101010110110111000000011101011010001100100001001010100110000011111100000110001000110110001011111010111011001001100001100000010010011100010101101110001000010100001001110001001011101110110000000111010010000110010001010100110111000001111100011010011100101001000001111100011011111111100001000101001111001110110111010111001101110110010000100111011011011101010101011101011111111111111111111 130,151.640 F N M A Partn Cert 123,762.50 136,299.55 0.8 4,555.31 Pool #Al7688 95.0910 104.72 3.68 3138EQRJ3 164,044.570 F N M A Partn Cert Umbs 147,282.50 168,228.06 1.0 3,280.89 Pool #Ma4226 89.7820 102.55 2.23 31418DVU3 Standard & Poors Rating: N/A Moodys Rating: N/A 11,993.140 F H L M C Gold Partn Cert 11,141.39 12,413.45 0.1 299.83 Pool #G18586 92.8980 103.50 2.69 3128MMUL5 Standard & Poors Rating: N/A Moodys Rating: N/A 45,736.270 F H L M C Partn Cert Mirror 43,303.56 47,807.97 0.3 1,372.09 Pool #Zs7403 94.6810 104.53 3.17 3132A8GL7 Standard & Poors Rating: N/A Moodys Rating: N/A 25,688.880 F N M A Partn Cert 24,441.94 27,068.48 0.2 899.11 Pool #Al8561 95.1460 105.37 3.68 3138ETQP4 Standard & Poors Rating: N/A Moodys Rating: N/A 28,978.130 F N M A Partn Cert 26,886.78 29,984.10 0.2 724.45 Pool #Ma2803 92.7830 103.47 2.69 31418CDH4 Standard & Poors Rating: N/A Moodys Rating: N/A 42,100.490 F N M A Gtd R E M I C Pass Thru 39,394.69 42,980.84 0.3 842.01 C M O Ser 2015 89 Cl Ke 93.5730 102.09 2.14 3136AQZK9 Standard & Poors Rating: N/A Moodys Rating: N/A 138,560.620 F N M A Partn Cert Umbs 128,569.01 143,695.77 0.9 3,464.02 Pool #Fm1155 92.7890 103.71 2.69 3140X4H90 Standard & Poors Rating: N/A Moodys Rating: N/A 3.500 11/01/2030 2.000 12/01/2030 2.500 02/01/2031 3.000 05/01/2031 3.500 06/01/2031 2.500 11/01/2031 2.000 11/25/2031 2.500 06/01/2032 00- -M -PF-PC -274-04 02354704 23547 Page 10 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 ASSET DETAIL AS OF 09/30/22 (continued) 172 19,608.280 F N M A Partn Cert Umbs 18,504.53 20,501.34 0.1 588.25 Pool #Bm3956 94.3710 104.55 3.18 3140J8ME0 Standard & Poors Rating: N/A Moodys Rating: N/A 30,668.610 F H L M C Partn Cert 29,022.01 32,566.85 0.2 1,073.40 Pool #Zt1989 94.6310 106.19 3.70 3132AEF68 Standard & Poors Rating: N/A Moodys Rating: N/A 43,855.510 F H L M C Gtd R E M I C Pass Thru 40,465.48 44,217.04 0.3 438.56 Stripped Tr 370 Cl 100 92.2700 100.82 1.08 3133Q5GZ3 Standard & Poors Rating: N/A Moodys Rating: N/A 62,165.790 F N M A Partn Cert 58,595.61 65,428.48 0.4 1,864.97 Pool #Fm6017 94.2570 105.25 3.18 3140X9VK8 Standard & Poors Rating: N/A Moodys Rating: N/A 74,922.940 F N M A Partn Cert 69,509.01 77,847.17 0.5 1,873.07 Pool #Fm3936 92.7740 103.90 2.69 3140X7LS6 Standard & Poors Rating: N/A Moodys Rating: N/A 56,908.700 F N M A Partn Cert Umbs 52,907.45 59,052.59 0.4 1,707.26 Pool #Ma4112 92.9690 103.77 3.23 31418DSA1 Standard & Poors Rating: N/A Moodys Rating: N/A 374,396.220 F N M A Partn Cert Umbs 330,277.37 381,553.62 2.2 7,487.92 Pool #Ma4497 88.2160 101.91 2.27 31418D7K2 Standard & Poors Rating: N/A Moodys Rating: N/A 55,016.550 F N M A Gtd R E M I C Pass Thru 54,425.12 54,801.64 0.4 1,650.50 C M O Ser 2017 83 Cl Vn 98.9250 99.61 3.03 3136AYEV1 Standard & Poors Rating: N/A Moodys Rating: N/A 3.000 12/01/2032 3.500 01/01/2033 1.000 09/25/2033 3.000 02/01/2035 2.500 08/01/2035 3.000 08/01/2035 2.000 11/01/2036 3.000 10/25/2037 00- -M -PF-PC -274-04 02354704 23547 Page 11 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 ASSET DETAIL AS OF 09/30/22 (continued) 173 1010101010101010101010110110111000000011101011010001100100001001010100100001111111100000110001000010110001011111000100011001001100001011110010010010100101010011110001000011111011101110001001110111010110000000101010110000110010011011000110111000001111000101010011100110001100111111100010011011011001001001101000111111011110101010010000011000110011100100100101011011100100101000001011111111111111111111 18,981.770 G N M A Gtd R E M I C Pass Thru 18,411.75 19,497.24 0.1 569.45 C M O Ser 2010 4 Cl Pd 96.9970 102.72 3.09 38376T5Z1 Standard & Poors Rating: N/A Moodys Rating: N/A 7,846.080 G N M A Gtd R E M I C Pass Thru 7,806.38 8,007.23 0.1 313.84 C M O Ser 2010 19 Cl Ua 99.4940 102.05 4.02 38376V2E6 Standard & Poors Rating: N/A Moodys Rating: N/A 3,208.240 G N M A Gtd R E M I C Pass Thru 3,166.53 3,237.71 0.0 96.25 C M O Ser 2011 18 Cl Pg 98.7000 100.92 3.04 38377QKH9 Standard & Poors Rating: N/A Moodys Rating: N/A 4,695.370 G N M A Gtd R E M I C Pass Thru 4,592.96 4,636.68 0.0 70.43 C M O Ser 2013 47 Cl Ec 97.8190 98.75 1.53 38378JZD7 Standard & Poors Rating: N/A Moodys Rating: N/A 32,088.680 F N M A Gtd R E M I C Pass Thru 31,829.72 31,864.55 0.2 962.66 C M O Ser 2012 83 Cl Pc 99.1930 99.30 3.02 3136A7D25 Standard & Poors Rating: N/A Moodys Rating: N/A 18,590.510 G N M A Gtd R E M I C Pass Thru 17,947.84 17,919.51 0.1 418.29 C M O Ser 2013 116 Cl Ma 96.5430 96.39 2.33 38378VC45 Standard & Poors Rating: N/A Moodys Rating: N/A 47,639.370 G N M A Gtd R E M I C Pass Thru 43,639.57 44,423.71 0.3 833.69 C M O Ser 2013 28 Cl Me 91.6040 93.25 1.91 38378FWR7 Standard & Poors Rating: N/A Moodys Rating: N/A 12,333.730 F N M A Gtd R E M I C Pass Thru 11,945.46 12,516.55 0.1 246.67 C M O Ser 2012 148 Cl Mc 96.8520 101.48 2.06 3136ABNZ2 Standard & Poors Rating: N/A Moodys Rating: N/A 3.000 01/16/2039 4.000 07/16/2039 3.000 08/20/2040 1.500 12/20/2040 3.000 07/25/2041 2.250 12/16/2041 1.750 11/20/2042 2.000 11/25/2042 00- -M -PF-PC -274-04 02354704 23547 Page 12 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 ASSET DETAIL AS OF 09/30/22 (continued) 174 86,587.500 F H L M C Multiclass Mtg Partn 78,945.29 88,140.33 0.5 1,515.28 C M O Ser 4165 Cl Te 91.1740 101.79 1.92 3137AYSH5 Standard & Poors Rating: N/A Moodys Rating: N/A Time of trade execution and trading party (if not disclosed) will be provided upon request. Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be reflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued, at par value, or at a nominal value. Values shown do not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation. For further information, please contact your Analyst. Yield at Market and Estimated Annual Income are estimates provided for informational purposes only and should not be relied on for making investment, trading, or tax decisions. The estimates may not represent the actual value earned by your investments and they provide no guarantee of what your investments may earn in the future. 1.750 12/15/2042 93.7 $175,666.06 $14,156,157.34 $14,796,358.58 100.0 $177,091.15 $15,113,266.24 $15,753,336.98 00- -M -PF-PC -274-04 02354704 23547 Page 13 of 56 Security Description RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Shares or Market Value/ Tax Cost/ % of Total Face Amount Est Ann IncPriceUnit Cost Yield at Market 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 Total US Government Issues ACCOUNT NUMBER: 240907020 Total Assets ASSET DETAIL AS OF 09/30/22 (continued) ASSET DETAIL MESSAGES 175 09/01/22 Interest Earned On 92.43 First Am Govt Ob Fd Cl Y Interest From 8/1/22 To 8/31/22 31846V203 09/02/22 Cash Disbursement - 92.43 Transfer To Principal Income Earnings 09/02/22 Cash Receipt 92.43 Transfer From Income Income Earnings 09/02/22 Purchased 92.43 Units Of - 92.43 92.43 First Am Govt Ob Fd Cl Y Trade Date 9/2/22 31846V203 09/15/22 Interest Earned On 160.44 F H L M C Mltcl Mtg 3.500% 2/15/26 $0.00292/Pv On 55,006.98 Pv Due 9/15/22 3137A6YW6 09/15/22 Amortized Premium On - 23.88 F H L M C Mltcl Mtg 3.500% 2/15/26 Fed Basis Decreased By 23.88 USD To 55,469.27 USD 9/15/22 Current Year Amortization 3137A6YW6 09/15/22 Paid Down 2,236.32 Par Value Of 2,236.32 - 2,255.11 F H L M C Mltcl Mtg 3.500% 2/15/26 Trade Date 9/15/22 3137A6YW6 09/15/22 Amortized Premium On - 9.93 F H L M C Mltcl Mtg 1.500% 5/15/27 Fed Basis Decreased By 9.93 USD To 26,377.85 USD 9/15/22 Current Year Amortization 3137AQQE1 09/15/22 Interest Earned On 32.66 F H L M C Mltcl Mtg 1.500% 5/15/27 $0.00125/Pv On 26,127.00 Pv Due 9/15/22 3137AQQE1 09/15/22 Paid Down 811.22 Par Value Of 811.22 - 819.01 F H L M C Mltcl Mtg 1.500% 5/15/27 Trade Date 9/15/22 3137AQQE1 09/15/22 Amortized Premium On - 3.38 F H L M C Mltcl Mtg 1.250% 12/15/27 Fed Basis Decreased By 3.38 USD To 59,202.09 USD 9/15/22 Current Year Amortization 3137AWWM3 00- -M -PF-PC -274-04 02354704 23547 Page 15 of 56 Beginning Balance 09/01/2022 $.00 $.00 $15,737,023.19 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL 176 1010101010101010101010110110111000000011101011010001100100001001010100000000111111100000110001011110110001011111001111011001001100001001000010010000100011100111110001000010001100001110001000010000010110000000101011011000110010011001000110111000001011001001000011100001011111111111100010010000110110001001001010011011001110111111000010100100110100101100000001011011101000101001101011111111111111111111 09/15/22 Interest Earned On 63.04 F H L M C Mltcl Mtg 1.250% 12/15/27 $0.00104/Pv On 60,514.72 Pv Due 9/15/22 3137AWWM3 09/15/22 Paid Down 2,056.59 Par Value Of 2,056.59 - 2,011.97 F H L M C Mltcl Mtg 1.250% 12/15/27 Trade Date 9/15/22 3137AWWM3 09/15/22 Amortized Premium On - 18.69 F H L M C Mltcl Mtg 1.750% 12/15/42 Fed Basis Decreased By 18.69 USD To 89,526.53 USD 9/15/22 Current Year Amortization 3137AYSH5 09/15/22 Interest Earned On 128.26 F H L M C Mltcl Mtg 1.750% 12/15/42 $0.00146/Pv On 87,949.28 Pv Due 9/15/22 3137AYSH5 09/15/22 Paid Down 1,361.78 Par Value Of 1,361.78 - 1,386.20 F H L M C Mltcl Mtg 1.750% 12/15/42 Trade Date 9/15/22 3137AYSH5 09/15/22 Interest Earned On 50.51 F H L M C Mltcl Mtg 2.000% 11/15/26 $0.00167/Pv On 30,308.04 Pv Due 9/15/22 3137B6DF5 09/15/22 Amortized Premium On - 14.01 F H L M C Mltcl Mtg 2.000% 11/15/26 Fed Basis Decreased By 14.01 USD To 30,628.51 USD 9/15/22 Current Year Amortization 3137B6DF5 09/15/22 Paid Down 2,087.26 Par Value Of 2,087.26 - 2,109.33 F H L M C Mltcl Mtg 2.000% 11/15/26 Trade Date 9/15/22 3137B6DF5 09/15/22 Interest Earned On 28.95 F H L M C Mltcl Mtg 2.000% 2/15/29 $0.00167/Pv On 17,367.10 Pv Due 9/15/22 3137B84S3 09/15/22 Paid Down 1,286.79 Par Value Of 1,286.79 - 1,270.71 F H L M C Mltcl Mtg 2.000% 2/15/29 Trade Date 9/15/22 3137B84S3 09/15/22 Amortized Premium On - 14.15 F H L M C Mltcl Mtg 2.500% 12/15/27 Fed Basis Decreased By 14.15 USD To 35,644.99 USD 9/15/22 Current Year Amortization 3137B9RN7 00- -M -PF-PC -274-04 02354704 23547 Page 16 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 177 09/15/22 Interest Earned On 73.43 F H L M C Mltcl Mtg 2.500% 12/15/27 $0.00208/Pv On 35,245.76 Pv Due 9/15/22 3137B9RN7 09/15/22 Paid Down 2,206.29 Par Value Of 2,206.29 - 2,231.28 F H L M C Mltcl Mtg 2.500% 12/15/27 Trade Date 9/15/22 3137B9RN7 09/15/22 Amortized Premium On - 102.43 G N M A #779250 3.000% 5/15/27 Fed Basis Decreased By 102.43 USD To 105,802.78 USD 9/15/22 Current Year Amortization 36176XQB8 09/15/22 Paid Down 3,223.15 Par Value Of 3,223.15 - 3,301.72 G N M A #779250 3.000% 5/15/27 For Record Date Of August Due 9/15/22 August GNMA Due 9/15/22 36176XQB8 09/15/22 Interest Earned On 258.21 G N M A #779250 3.000% 5/15/27 August GNMA Due 9/15/22 36176XQB8 09/15/22 Accreted Discount On 14.45 F H L M C Gd G18561 3.000% 7/01/30 Fed Basis Increased By 14.45 USD To 49,837.21 USD 9/15/22 Market Discount 3128MMTT0 09/15/22 Paid Down 1,030.28 Par Value Of 1,030.28 - 1,019.15 F H L M C Gd G18561 3.000% 7/01/30 For Record Date Of August Due 9/15/22 August FHLMC Due 9/15/22 3128MMTT0 09/15/22 Interest Earned On 125.95 F H L M C Gd G18561 3.000% 7/01/30 August FHLMC Due 9/15/22 3128MMTT0 09/15/22 Amortized Premium On - 118.21 F H L M C Gd G18571 2.500% 10/01/30 Fed Basis Decreased By 118.21 USD To 150,938.35 USD 9/15/22 Current Year Amortization 3128MMT52 09/15/22 Paid Down 2,710.88 Par Value Of 2,710.88 - 2,797.31 F H L M C Gd G18571 2.500% 10/01/30 For Record Date Of August Due 9/15/22 August FHLMC Due 9/15/22 3128MMT52 00- -M -PF-PC -274-04 02354704 23547 Page 17 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 178 1010101010101010101010110110111000000011101011010000100100001001010101110001111111100000110001010010110001011111001010011001001000001100100010010111100001010111110001000010110001001110001000101100110110000000110000001000110010010100011110111000001100100000110011100010100000001111100011100110100010001000000001010110011110111100100100000010110101001101110111011011101000101011101011111111111111111111 09/15/22 Interest Earned On 304.74 F H L M C Gd G18571 2.500% 10/01/30 August FHLMC Due 9/15/22 3128MMT52 09/15/22 Amortized Premium On - 10.48 F H L M C Gd G18586 2.500% 2/01/31 Fed Basis Decreased By 10.48 USD To 12,681.92 USD 9/15/22 Current Year Amortization 3128MMUL5 09/15/22 Paid Down 259.38 Par Value Of 259.38 - 268.47 F H L M C Gd G18586 2.500% 2/01/31 For Record Date Of August Due 9/15/22 August FHLMC Due 9/15/22 3128MMUL5 09/15/22 Interest Earned On 25.53 F H L M C Gd G18586 2.500% 2/01/31 August FHLMC Due 9/15/22 3128MMUL5 09/15/22 Amortized Premium On - 71.39 F H L M C Gd J32243 3.000% 7/01/30 Fed Basis Decreased By 71.39 USD To 62,804.88 USD 9/15/22 Current Year Amortization 31307NP40 09/15/22 Paid Down 725.23 Par Value Of 725.23 - 759.49 F H L M C Gd J32243 3.000% 7/01/30 For Record Date Of August Due 9/15/22 August FHLMC Due 9/15/22 31307NP40 09/15/22 Interest Earned On 149.93 F H L M C Gd J32243 3.000% 7/01/30 August FHLMC Due 9/15/22 31307NP40 09/15/22 Interest Earned On 3,250.00 U S Treasury Nt 0.500% 3/15/23 0.0025 USD/$1 Pv On 1,300,000 Par Value Due 9/15/22 912828ZD5 09/15/22 Amortized Premium On - 1,414.23 U S Treasury Nt 0.500% 3/15/23 Fed Basis Decreased By 1,414.23 USD To 1,299,988.12 USD 9/15/22 Current Year Amortization 912828ZD5 09/15/22 Cash Disbursement - 4,651.65 Transfer To Principal Income Earnings 09/15/22 Cash Receipt 4,651.65 Transfer From Income Income Earnings 00- -M -PF-PC -274-04 02354704 23547 Page 18 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 179 09/15/22 Purchased 24,646.82 Units Of - 24,646.82 24,646.82 First Am Govt Ob Fd Cl Y Trade Date 9/15/22 31846V203 09/16/22 Interest Earned On 49.39 G N M A Gtd Remic 3.000% 1/16/39 $0.00250/Pv On 19,757.16 Pv Due 9/16/22 38376T5Z1 09/16/22 Amortized Premium On - 9.53 G N M A Gtd Remic 3.000% 1/16/39 Fed Basis Decreased By 9.53 USD To 20,293.69 USD 9/16/22 Current Year Amortization 38376T5Z1 09/16/22 Paid Down 775.39 Par Value Of 775.39 - 796.45 G N M A Gtd Remic 3.000% 1/16/39 Trade Date 9/16/22 38376T5Z1 09/16/22 Interest Earned On 27.01 G N M A Gtd Remic 4.000% 7/16/39 $0.00333/Pv On 8,102.44 Pv Due 9/16/22 38376V2E6 09/16/22 Amortized Premium On - 2.86 G N M A Gtd Remic 4.000% 7/16/39 Fed Basis Decreased By 2.86 USD To 8,268.86 USD 9/16/22 Current Year Amortization 38376V2E6 09/16/22 Paid Down 256.36 Par Value Of 256.36 - 261.63 G N M A Gtd Remic 4.000% 7/16/39 Trade Date 9/16/22 38376V2E6 09/16/22 Interest Earned On 36.25 G N M A Gtd Remic 2.250% 12/16/41 $0.00188/Pv On 19,331.24 Pv Due 9/16/22 38378VC45 09/16/22 Paid Down 740.73 Par Value Of 740.73 - 713.99 G N M A Gtd Remic 2.250% 12/16/41 Trade Date 9/16/22 38378VC45 09/16/22 Cash Disbursement - 112.65 Transfer To Principal Income Earnings 09/16/22 Cash Receipt 112.65 Transfer From Income Income Earnings 09/16/22 Purchased 1,885.13 Units Of - 1,885.13 1,885.13 First Am Govt Ob Fd Cl Y Trade Date 9/16/22 31846V203 00- -M -PF-PC -274-04 02354704 23547 Page 19 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 180 1010101010101010101010110110111000000011101011010000100100001001010101100000011111100000110001010110110001011111011001011001001000001011010010010110100110101001110001000011101011101110001000000110010110000000100000101000110010000101111110111000001100000110110011100001100100111111100010100010000111001001000000010000110110101100001101110100110100101101101001011011100110101000001011111111111111111111 09/20/22 Amortized Premium On - 13.74 G N M A II #Ma1202 2.500% 8/20/28 Fed Basis Decreased By 13.74 USD To 16,715.12 USD 9/20/22 Current Year Amortization 36179NKP2 09/20/22 Paid Down 410.51 Par Value Of 410.51 - 421.05 G N M A II #Ma1202 2.500% 8/20/28 P & I Due 09/20/22 36179NKP2 09/20/22 Interest Earned On 33.95 G N M A II #Ma1202 2.500% 8/20/28 P & I Due 09/20/22 36179NKP2 09/20/22 Purchased 444.46 Units Of - 444.46 444.46 First Am Govt Ob Fd Cl Y Trade Date 9/20/22 31846V203 09/20/22 Interest Earned On 8.48 G N M A Gtd Remic 3.000% 8/20/40 $0.00250/Pv On 3,391.46 Pv Due 9/20/22 38377QKH9 09/20/22 Amortized Premium On - 0.53 G N M A Gtd Remic 3.000% 8/20/40 Fed Basis Decreased By 0.53 USD To 3,422.61 USD 9/20/22 Current Year Amortization 38377QKH9 09/20/22 Paid Down 183.22 Par Value Of 183.22 - 184.90 G N M A Gtd Remic 3.000% 8/20/40 Trade Date 9/20/22 38377QKH9 09/20/22 Interest Earned On 69.85 G N M A Gtd Remic 1.750% 11/20/42 $0.00146/Pv On 47,894.51 Pv Due 9/20/22 38378FWR7 09/20/22 Paid Down 255.14 Par Value Of 255.14 - 237.92 G N M A Gtd Remic 1.750% 11/20/42 Trade Date 9/20/22 38378FWR7 09/20/22 Amortized Premium On - 10.26 G N M A Gtd Remic 1.500% 8/20/27 Fed Basis Decreased By 10.26 USD To 30,964.43 USD 9/20/22 Current Year Amortization 38378HAU0 09/20/22 Interest Earned On 38.37 G N M A Gtd Remic 1.500% 8/20/27 $0.00125/Pv On 30,692.84 Pv Due 9/20/22 38378HAU0 00- -M -PF-PC -274-04 02354704 23547 Page 20 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 181 09/20/22 Paid Down 856.81 Par Value Of 856.81 - 864.39 G N M A Gtd Remic 1.500% 8/20/27 Trade Date 9/20/22 38378HAU0 09/20/22 Interest Earned On 6.12 G N M A Gtd Remic 1.500% 12/20/40 $0.00125/Pv On 4,899.34 Pv Due 9/20/22 38378JZD7 09/20/22 Paid Down 203.97 Par Value Of 203.97 - 201.42 G N M A Gtd Remic 1.500% 12/20/40 Trade Date 9/20/22 38378JZD7 09/20/22 Amortized Premium On - 3.95 G N M A I I #005276 3.000% 1/20/27 Fed Basis Decreased By 3.95 USD To 11,102.18 USD 9/20/22 Current Year Amortization 36202F2H8 09/20/22 Paid Down 317.59 Par Value Of 317.59 - 320.21 G N M A I I #005276 3.000% 1/20/27 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36202F2H8 09/20/22 Interest Earned On 27.53 G N M A I I #005276 3.000% 1/20/27 August GNMA Due 9/20/22 36202F2H8 09/20/22 Amortized Premium On - 7.81 G N M A I I #Ma0909 3.000% 4/20/28 Fed Basis Decreased By 7.81 USD To 47,510.30 USD 9/20/22 Current Year Amortization 36179NAJ7 09/20/22 Accreted Discount On 14.75 G N M A I I #Ma0909 3.000% 4/20/28 Fed Basis Increased By 14.75 USD To 47,249.84 USD 9/20/22 Market Discount 36179NAJ7 09/20/22 Paid Down 1,610.1 Par Value Of 1,610.10 - 1,604.00 G N M A I I #Ma0909 3.000% 4/20/28 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36179NAJ7 09/20/22 Interest Earned On 119.27 G N M A I I #Ma0909 3.000% 4/20/28 August GNMA Due 9/20/22 36179NAJ7 00- -M -PF-PC -274-04 02354704 23547 Page 21 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 182 1010101010101010101010110110111000000011101011010000100100001001010101010000111111100000110001001110110001011111000001011001001000001110010010010101100111100011110001000011000110101110001001001011110110000000110001100000110010010110011110111000001000101100100011100101110011001111100011101101001101001000100011110010001110101001110110111110110010000101010011011011100100101010001011111111111111111111 09/20/22 Amortized Premium On - 10.70 G N M A I I #005300 3.000% 2/20/27 Fed Basis Decreased By 10.70 USD To 12,860.34 USD 9/20/22 Current Year Amortization 36202F3H7 09/20/22 Paid Down 398.55 Par Value Of 398.55 - 406.48 G N M A I I #005300 3.000% 2/20/27 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36202F3H7 09/20/22 Interest Earned On 31.52 G N M A I I #005300 3.000% 2/20/27 August GNMA Due 9/20/22 36202F3H7 09/20/22 Amortized Premium On - 36.41 G N M A I I #Ma1134 3.000% 7/20/28 Fed Basis Decreased By 36.41 USD To 57,407.15 USD 9/20/22 Current Year Amortization 36179NHK7 09/20/22 Paid Down 1,585.04 Par Value Of 1,585.04 - 1,615.41 G N M A I I #Ma1134 3.000% 7/20/28 For Record Date Of August Due 9/20/22 August GNMA Due 9/20/22 36179NHK7 09/20/22 Interest Earned On 140.82 G N M A I I #Ma1134 3.000% 7/20/28 August GNMA Due 9/20/22 36179NHK7 09/20/22 Cash Disbursement - 441.96 Transfer To Principal Income Earnings 09/20/22 Cash Receipt 441.96 Transfer From Income Income Earnings 09/20/22 Purchased 5,852.38 Units Of - 5,852.38 5,852.38 First Am Govt Ob Fd Cl Y Trade Date 9/20/22 31846V203 09/21/22 Cash Disbursement - 33.95 Transfer To Principal Income Earnings 09/21/22 Cash Receipt 33.95 Transfer From Income Income Earnings 00- -M -PF-PC -274-04 02354704 23547 Page 22 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 183 09/26/22 Amortized Premium On - 51.95 F H L M C #Zs7403 3.000% 5/01/31 Fed Basis Decreased By 51.95 USD To 48,878.51 USD 9/25/22 Current Year Amortization 3132A8GL7 09/26/22 Paid Down 1,024.15 Par Value Of 1,024.15 - 1,070.54 F H L M C #Zs7403 3.000% 5/01/31 P & I Due 09/25/22 3132A8GL7 09/26/22 Interest Earned On 116.90 F H L M C #Zs7403 3.000% 5/01/31 P & I Due 09/25/22 3132A8GL7 09/26/22 Accreted Discount On 75.32 F N M A #An1613 2.550% 7/01/26 Fed Basis Increased By 75.32 USD To 150,504.23 USD 9/26/22 Market Discount 3138LDYK3 09/26/22 Paid Down 315.66 Par Value Of 315.66 - 308.80 F N M A #An1613 2.550% 7/01/26 P & I Due 09/25/22 3138LDYK3 09/26/22 Interest Earned On 337.82 F N M A #An1613 2.550% 7/01/26 P & I Due 09/25/22 3138LDYK3 09/26/22 Interest Earned On 446.92 F N M A #Bl1359 3.460% 1/01/26 Int Due 9/25/22 3140HSQM6 09/26/22 Amortized Premium On - 28.69 F N M A #Bl1359 3.460% 1/01/26 Fed Basis Decreased By 28.69 USD To 151,104.92 USD 9/25/22 Current Year Amortization 3140HSQM6 09/26/22 Interest Earned On 20.84 F N M A Gtd Remic 2.183% 11/25/22 $0.00182/Pv On 11,449.56 Pv Due 9/25/22 3136A96F0 09/26/22 Paid Down 6,361.7 Par Value Of 6,361.70 - 6,166.13 F N M A Gtd Remic 2.183% 11/25/22 Trade Date 9/25/22 3136A96F0 09/26/22 Interest Earned On 139.57 F H L M C Mltcl Mt 3.320% 2/25/23 $0.00277/Pv On 50,447.47 Pv Due 9/25/22 3137B36J2 00- -M -PF-PC -274-04 02354704 23547 Page 23 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 184 1010101010101010101010110110111000000011101011010000100100001001010101000001011111100000110001001010110001011111010010011001001000001001100010010100100000011101110001000010011100001110001001100001010110000000100001000000110010000111111110111000001000001010100011100110110111111111100010101001101000001001100010110100100110111001011111001000110011100101001101011011101010101001101011111111111111111111 09/26/22 Amortized Premium On - 57.07 F H L M C Mltcl Mt 3.320% 2/25/23 Fed Basis Decreased By 57.07 USD To 50,588.32 USD 9/25/22 Current Year Amortization 3137B36J2 09/26/22 Paid Down 1,100.83 Par Value Of 1,100.83 - 1,103.90 F H L M C Mltcl Mt 3.320% 2/25/23 Trade Date 9/25/22 3137B36J2 09/26/22 Amortized Premium On - 33.00 F H L M C Mltcl Mtg 2.682% 10/25/22 Fed Basis Decreased By 33.00 USD To 55,588.86 USD 9/26/22 Current Year Amortization 3137AYCE9 09/26/22 Paid Down 55,558.96 Par Value Of 55,558.96 - 55,588.86 F H L M C Mltcl Mtg 2.682% 10/25/22 Cmo Final Paydown 3137AYCE9 09/26/22 Interest Earned On 85.82 F H L M C Mltcl Mt 2.522% 1/25/23 $0.00210/Pv On 40,835.62 Pv Due 9/25/22 3137B1U75 09/26/22 Paid Down 17,235.14 Par Value Of 17,235.14 - 16,942.96 F H L M C Mltcl Mt 2.522% 1/25/23 Trade Date 9/25/22 3137B1U75 09/26/22 Interest Earned On 3.75 F H L M C Mltcl Mtg 2.778% 9/25/22 $0.00232/Pv On 1,618.97 Pv Due 9/25/22 3137B3NW4 09/26/22 Interest Earned On 607.84 F H L M C Mltcl Mt 3.490% 1/25/24 $0.00291/Pv On 209,000.00 Pv Due 9/25/22 3137B7YY9 09/26/22 Amortized Premium On - 485.12 F H L M C Mltcl Mt 3.490% 1/25/24 Fed Basis Decreased By 485.12 USD To 216,621.13 USD 9/25/22 Current Year Amortization 3137B7YY9 09/26/22 Interest Earned On 481.69 F H L M C Mltcl Mtg 3.303% 7/25/24 $0.00275/Pv On 175,000.00 Pv Due 9/25/22 3137BDCW4 09/26/22 Amortized Premium On - 372.90 F H L M C Mltcl Mtg 3.303% 7/25/24 Fed Basis Decreased By 372.90 USD To 183,047.45 USD 9/25/22 Current Year Amortization 3137BDCW4 00- -M -PF-PC -274-04 02354704 23547 Page 24 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 185 09/26/22 Interest Earned On 56.63 F H L M C Mltcl Mtg 2.720% 8/25/24 $0.00227/Pv On 24,985.98 Pv Due 9/25/22 3137BFE80 09/26/22 Amortized Premium On - 22.88 F H L M C Mltcl Mtg 2.720% 8/25/24 Fed Basis Decreased By 22.88 USD To 25,502.61 USD 9/25/22 Current Year Amortization 3137BFE80 09/26/22 Paid Down 1,707.38 Par Value Of 1,707.38 - 1,742.68 F H L M C Mltcl Mtg 2.720% 8/25/24 Trade Date 9/25/22 3137BFE80 09/26/22 Interest Earned On 346.25 F H L M C Mltcl Mt 2.76996% 5/25/25 $0.00231/Pv On 150,000.00 Pv Due 9/25/22 3137BJQ71 09/26/22 Amortized Premium On - 241.15 F H L M C Mltcl Mt 2.76996% 5/25/25 Fed Basis Decreased By 241.15 USD To 157,569.02 USD 9/25/22 Current Year Amortization 3137BJQ71 09/26/22 Interest Earned On 97.10 F H L M C Mltcl Mtg 3.329% 5/25/25 $0.00277/Pv On 35,000.00 Pv Due 9/25/22 3137BKRJ1 09/26/22 Amortized Premium On - 152.08 F H L M C Mltcl Mtg 2.802% 1/25/25 Fed Basis Decreased By 152.08 USD To 143,139.04 USD 9/25/22 Current Year Amortization 3137BLW87 09/26/22 Interest Earned On 324.46 F H L M C Mltcl Mtg 2.802% 1/25/25 $0.00234/Pv On 138,954.34 Pv Due 9/25/22 3137BLW87 09/26/22 Paid Down 4,068.28 Par Value Of 4,068.28 - 4,190.79 F H L M C Mltcl Mtg 2.802% 1/25/25 Trade Date 9/25/22 3137BLW87 09/26/22 Interest Earned On 328.23 F H L M C Mltcl Mt 3.15096% 11/25/25 $0.00263/Pv On 125,000.00 Pv Due 9/25/22 3137BMTX4 09/26/22 Interest Earned On 425.83 F H L M C Mltcl Mtg 0.7404% 1/25/26 $0.00243/Pv On 175,000.00 Pv Due 9/25/22 3137F4CZ3 00- -M -PF-PC -274-04 02354704 23547 Page 25 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 186 1010101010101010101010110110111000000011101011010000100100001001010100110001011111100000110001011110110001011111011001011001001000001000000010010011100110110111110001000010001100101110001001110010010110000000100110011000110010011101010110111000001101101000010011100110000110001111100010110001101000001001110110110011011110110010101000100000110011010100110101011011100000101010001011111111111111111111 09/26/22 Interest Earned On 447.19 F H L M C Mltcl Mtg 3.600% 2/25/25 $0.00300/Pv On 149,062.60 Pv Due 9/25/22 3137F4WZ1 09/26/22 Amortized Premium On - 31.88 F H L M C Mltcl Mtg 3.600% 2/25/25 Fed Basis Decreased By 31.88 USD To 149,971.55 USD 9/25/22 Current Year Amortization 3137F4WZ1 09/26/22 Paid Down 202.47 Par Value Of 202.47 - 203.70 F H L M C Mltcl Mtg 3.600% 2/25/25 Trade Date 9/25/22 3137F4WZ1 09/26/22 Purchased 93,460.38 Units Of - 93,460.38 93,460.38 First Am Govt Ob Fd Cl Y Trade Date 9/26/22 31846V203 09/26/22 Interest Earned On 14.60 F N M A Gtd Remic 1.500% 9/25/27 $0.00125/Pv On 11,682.27 Pv Due 9/25/22 3136A8SX9 09/26/22 Amortized Premium On - 4.38 F N M A Gtd Remic 1.500% 9/25/27 Fed Basis Decreased By 4.38 USD To 11,801.09 USD 9/25/22 Current Year Amortization 3136A8SX9 09/26/22 Paid Down 375.57 Par Value Of 375.57 - 379.39 F N M A Gtd Remic 1.500% 9/25/27 Trade Date 9/25/22 3136A8SX9 09/26/22 Interest Earned On 20.94 F N M A Gtd Remic 2.000% 11/25/42 $0.00167/Pv On 12,563.52 Pv Due 9/25/22 3136ABNZ2 09/26/22 Amortized Premium On - 2.18 F N M A Gtd Remic 2.000% 11/25/42 Fed Basis Decreased By 2.18 USD To 12,749.75 USD 9/25/22 Current Year Amortization 3136ABNZ2 09/26/22 Paid Down 229.79 Par Value Of 229.79 - 233.20 F N M A Gtd Remic 2.000% 11/25/42 Trade Date 9/25/22 3136ABNZ2 09/26/22 Interest Earned On 27.39 F N M A Gtd Remic 2.672% 3/25/23 $0.00223/Pv On 12,301.54 Pv Due 9/25/22 3136AC7J4 00- -M -PF-PC -274-04 02354704 23547 Page 26 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 187 09/26/22 Paid Down 514.85 Par Value Of 514.85 - 506.38 F N M A Gtd Remic 2.672% 3/25/23 Trade Date 9/25/22 3136AC7J4 09/26/22 Amortized Premium On - 6.98 F N M A Gtd Remic 1.250% 4/25/28 Fed Basis Decreased By 6.98 USD To 30,522.47 USD 9/25/22 Current Year Amortization 3136ADZA0 09/26/22 Interest Earned On 31.57 F N M A Gtd Remic 1.250% 4/25/28 $0.00104/Pv On 30,314.70 Pv Due 9/25/22 3136ADZA0 09/26/22 Paid Down 665.65 Par Value Of 665.65 - 670.21 F N M A Gtd Remic 1.250% 4/25/28 Trade Date 9/25/22 3136ADZA0 09/26/22 Interest Earned On 19.53 F N M A Gtd Remic 1.750% 7/25/28 $0.00146/Pv On 13,389.66 Pv Due 9/25/22 3136AEY84 09/26/22 Amortized Premium On - 5.04 F N M A Gtd Remic 1.750% 7/25/28 Fed Basis Decreased By 5.04 USD To 13,546.13 USD 9/25/22 Current Year Amortization 3136AEY84 09/26/22 Paid Down 304.9 Par Value Of 304.90 - 308.46 F N M A Gtd Remic 1.750% 7/25/28 Trade Date 9/25/22 3136AEY84 09/26/22 Interest Earned On 72.65 F N M A Gtd Remic 2.000% 11/25/31 $0.00167/Pv On 43,592.35 Pv Due 9/25/22 3136AQZK9 09/26/22 Amortized Premium On - 20.37 F N M A Gtd Remic 2.000% 11/25/31 Fed Basis Decreased By 20.37 USD To 44,503.90 USD 9/25/22 Current Year Amortization 3136AQZK9 09/26/22 Paid Down 1,491.86 Par Value Of 1,491.86 - 1,523.06 F N M A Gtd Remic 2.000% 11/25/31 Trade Date 9/25/22 3136AQZK9 09/26/22 Interest Earned On 119.57 F N M A Gtd Remic 2.639% 12/25/26 $0.00220/Pv On 54,352.58 Pv Due 9/25/22 3136AVY52 00- -M -PF-PC -274-04 02354704 23547 Page 27 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 188 1010101010101010101010110110111000000011101011010000100100001001010100100000111111100000110001011010110001011111001010011001001000001111110010010010100001001001110001000011010110001110001001011000110110000000110110111000110010001100110110111000001101001110010011100101000010111111100011110101001101001000110111110101110110100010000001010110110010110100101011011011101110101001101011111111111111111111 09/26/22 Paid Down 58.63 Par Value Of 58.63 - 56.35 F N M A Gtd Remic 2.639% 12/25/26 Trade Date 9/25/22 3136AVY52 09/26/22 Interest Earned On 143.68 F N M A Gtd Remic 3.000% 10/25/37 $0.00250/Pv On 57,473.89 Pv Due 9/25/22 3136AYEV1 09/26/22 Paid Down 2,457.34 Par Value Of 2,457.34 - 2,447.74 F N M A Gtd Remic 3.000% 10/25/37 Trade Date 9/25/22 3136AYEV1 09/26/22 Interest Earned On 96.55 F N M A Gtd Remic 5.500% 4/25/23 $0.00458/Pv On 21,066.16 Pv Due 9/25/22 31392J6N4 09/26/22 Amortized Premium On - 3.44 F N M A Gtd Remic 5.500% 4/25/23 Fed Basis Decreased By 3.44 USD To 21,079.72 USD 9/25/22 Current Year Amortization 31392J6N4 09/26/22 Paid Down 4,288.4 Par Value Of 4,288.40 - 4,291.16 F N M A Gtd Remic 5.500% 4/25/23 Trade Date 9/25/22 31392J6N4 09/26/22 Interest Earned On 37.43 F H L M C Gtd Remic 1.000% 9/25/33 $0.00083/Pv On 44,918.72 Pv Due 9/25/22 3133Q5GZ3 09/26/22 Amortized Premium On - 10.79 F H L M C Gtd Remic 1.000% 9/25/33 Fed Basis Decreased By 10.79 USD To 45,289.01 USD 9/25/22 Current Year Amortization 3133Q5GZ3 09/26/22 Paid Down 1,063.21 Par Value Of 1,063.21 - 1,071.97 F H L M C Gtd Remic 1.000% 9/25/33 Trade Date 9/25/22 3133Q5GZ3 09/26/22 Amortized Premium On - 74.49 F H L M C #Zt1963 3.500% 11/01/30 Fed Basis Decreased By 74.49 USD To 63,468.57 USD 9/25/22 Current Year Amortization 3132AEFC5 09/26/22 Paid Down 1,468.78 Par Value Of 1,468.78 - 1,535.70 F H L M C #Zt1963 3.500% 11/01/30 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132AEFC5 00- -M -PF-PC -274-04 02354704 23547 Page 28 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 189 09/26/22 Interest Earned On 177.05 F H L M C #Zt1963 3.500% 11/01/30 August FHLMC Due 9/25/22 3132AEFC5 09/26/22 Amortized Premium On - 44.21 F H L M C #Zt1989 3.500% 1/01/33 Fed Basis Decreased By 44.21 USD To 33,273.96 USD 9/25/22 Current Year Amortization 3132AEF68 09/26/22 Paid Down 665.89 Par Value Of 665.89 - 707.11 F H L M C #Zt1989 3.500% 1/01/33 For Record Date Of August Due 9/25/22 August FHLMC Due 9/25/22 3132AEF68 09/26/22 Interest Earned On 91.39 F H L M C #Zt1989 3.500% 1/01/33 August FHLMC Due 9/25/22 3132AEF68 09/26/22 Accreted Discount On 0.89 F N M A #Bm1757 2.413% 4/01/23 Fed Basis Increased By 0.89 USD To 30,438.71 USD 9/26/22 Market Discount 3140J55T2 09/26/22 Paid Down 8,309.21 Par Value Of 8,309.21 - 8,307.74 F N M A #Bm1757 2.413% 4/01/23 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140J55T2 09/26/22 Interest Earned On 63.26 F N M A #Bm1757 2.413% 4/01/23 August FNMA Due 9/25/22 3140J55T2 09/26/22 Amortized Premium On - 36.20 F N M A #Al8561 3.500% 6/01/31 Fed Basis Decreased By 36.20 USD To 27,749.39 USD 9/25/22 Current Year Amortization 3138ETQP4 09/26/22 Paid Down 646.21 Par Value Of 646.21 - 680.91 F N M A #Al8561 3.500% 6/01/31 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3138ETQP4 09/26/22 Interest Earned On 76.81 F N M A #Al8561 3.500% 6/01/31 August FNMA Due 9/25/22 3138ETQP4 00- -M -PF-PC -274-04 02354704 23547 Page 29 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 190 1010101010101010101010110110111000000011101011010000100100001001010100010000011111100000110001000010110001011111010010011001001000001010110010010001100000000011110001000011111011001110001000010101010110000000100111110000110010011111010110111000001001100100000011100001010101001111100010111010000111001001010100010111001110100111111010011100110100011100010001011011101100101011101011111111111111111111 09/26/22 Amortized Premium On - 23.55 F N M A #Ma2803 2.500% 11/01/31 Fed Basis Decreased By 23.55 USD To 30,568.53 USD 9/25/22 Current Year Amortization 31418CDH4 09/26/22 Paid Down 564.82 Par Value Of 564.82 - 584.43 F N M A #Ma2803 2.500% 11/01/31 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418CDH4 09/26/22 Interest Earned On 61.55 F N M A #Ma2803 2.500% 11/01/31 August FNMA Due 9/25/22 31418CDH4 09/26/22 Amortized Premium On - 129.08 F N M A #As4860 2.500% 5/01/30 Fed Basis Decreased By 129.08 USD To 156,231.61 USD 9/25/22 Current Year Amortization 3138WEMJ5 09/26/22 Paid Down 3,585.77 Par Value Of 3,585.77 - 3,701.39 F N M A #As4860 2.500% 5/01/30 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3138WEMJ5 09/26/22 Interest Earned On 315.32 F N M A #As4860 2.500% 5/01/30 August FNMA Due 9/25/22 3138WEMJ5 09/26/22 Amortized Premium On - 169.97 F N M A #Al7688 3.500% 11/01/30 Fed Basis Decreased By 169.97 USD To 139,911.06 USD 9/25/22 Current Year Amortization 3138EQRJ3 09/26/22 Paid Down 3,448.61 Par Value Of 3,448.61 - 3,611.51 F N M A #Al7688 3.500% 11/01/30 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3138EQRJ3 09/26/22 Interest Earned On 389.67 F N M A #Al7688 3.500% 11/01/30 August FNMA Due 9/25/22 3138EQRJ3 09/26/22 Amortized Premium On - 19.60 F N M A #Bm3956 3.000% 12/01/32 Fed Basis Decreased By 19.60 USD To 20,888.35 USD 9/25/22 Current Year Amortization 3140J8ME0 00- -M -PF-PC -274-04 02354704 23547 Page 30 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 191 09/26/22 Paid Down 370.15 Par Value Of 370.15 - 387.01 F N M A #Bm3956 3.000% 12/01/32 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140J8ME0 09/26/22 Interest Earned On 49.95 F N M A #Bm3956 3.000% 12/01/32 August FNMA Due 9/25/22 3140J8ME0 09/26/22 Amortized Premium On - 114.57 F N M A #Fm1155 2.500% 6/01/32 Fed Basis Decreased By 114.57 USD To 146,430.88 USD 9/25/22 Current Year Amortization 3140X4H90 09/26/22 Paid Down 2,637.36 Par Value Of 2,637.36 - 2,735.11 F N M A #Fm1155 2.500% 6/01/32 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140X4H90 09/26/22 Interest Earned On 294.16 F N M A #Fm1155 2.500% 6/01/32 August FNMA Due 9/25/22 3140X4H90 09/26/22 Amortized Premium On - 48.43 F N M A #Ma4112 3.000% 8/01/35 Fed Basis Decreased By 48.43 USD To 60,068.38 USD 9/25/22 Current Year Amortization 31418DSA1 09/26/22 Paid Down 978.91 Par Value Of 978.91 - 1,015.79 F N M A #Ma4112 3.000% 8/01/35 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418DSA1 09/26/22 Interest Earned On 144.72 F N M A #Ma4112 3.000% 8/01/35 August FNMA Due 9/25/22 31418DSA1 09/26/22 Amortized Premium On - 53.22 F N M A #Fm3936 2.500% 8/01/35 Fed Basis Decreased By 53.22 USD To 79,566.46 USD 9/25/22 Current Year Amortization 3140X7LS6 09/26/22 Paid Down 1,654.71 Par Value Of 1,654.71 - 1,719.29 F N M A #Fm3936 2.500% 8/01/35 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140X7LS6 00- -M -PF-PC -274-04 02354704 23547 Page 31 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 192 1010101010101010101010110110111000000011101011010000100100001001010100000001111111100000110001000110110001011111000001011001001000001101000010010000100111111101110001000010100001101110001000111111110110000000110111010000110010001110110110111000001001000010000011100010010001111111100011111110100010001000010101010001100110110111010011101010110101111100001111011011100010101000001011111111111111111111 09/26/22 Interest Earned On 159.54 F N M A #Fm3936 2.500% 8/01/35 August FNMA Due 9/25/22 3140X7LS6 09/26/22 Amortized Premium On - 103.68 F N M A #Ma4226 2.000% 12/01/30 Fed Basis Decreased By 103.68 USD To 170,807.46 USD 9/25/22 Current Year Amortization 31418DVU3 09/26/22 Paid Down 2,515.26 Par Value Of 2,515.26 - 2,579.40 F N M A #Ma4226 2.000% 12/01/30 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418DVU3 09/26/22 Interest Earned On 277.60 F N M A #Ma4226 2.000% 12/01/30 August FNMA Due 9/25/22 31418DVU3 09/26/22 Amortized Premium On - 62.64 F N M A #Fm6017 3.000% 2/01/35 Fed Basis Decreased By 62.64 USD To 66,538.73 USD 9/25/22 Current Year Amortization 3140X9VK8 09/26/22 Paid Down 1,054.89 Par Value Of 1,054.89 - 1,110.25 F N M A #Fm6017 3.000% 2/01/35 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 3140X9VK8 09/26/22 Interest Earned On 158.05 F N M A #Fm6017 3.000% 2/01/35 August FNMA Due 9/25/22 3140X9VK8 09/26/22 Amortized Premium On - 114.29 F N M A #Ma4497 2.000% 11/01/36 Fed Basis Decreased By 114.29 USD To 385,209.35 USD 9/25/22 Current Year Amortization 31418D7K2 09/26/22 Paid Down 3,587.15 Par Value Of 3,587.15 - 3,655.73 F N M A #Ma4497 2.000% 11/01/36 For Record Date Of August Due 9/25/22 August FNMA Due 9/25/22 31418D7K2 09/26/22 Interest Earned On 629.97 F N M A #Ma4497 2.000% 11/01/36 August FNMA Due 9/25/22 31418D7K2 00- -M -PF-PC -274-04 02354704 23547 Page 32 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 193 09/26/22 Purchased 25,737.93 Par Value Of - 25,428.27 25,428.27 F N M A Gtd Remic 3.000% 7/25/41 Trade Date 9/21/22 Purchased Through Stonex Financial Inc./Bd Rates Swift External Ref#: 00614900005580A 25,737.93 Par Value At 98.79688638 % 3136A7D25 09/26/22 Paid Accrued Interest On Purchase Of - 53.62 F N M A Gtd Remic 3.000% 7/25/41 Income Debit 53.62- USD 3136A7D25 09/26/22 Cash Disbursement - 3,435.21 Transfer To Principal Income Earnings 09/26/22 Cash Receipt 3,435.21 Transfer From Income Income Earnings 09/26/22 Purchased 20,944.86 Units Of - 20,944.86 20,944.86 First Am Govt Ob Fd Cl Y Trade Date 9/26/22 31846V203 09/27/22 Amortized Premium On - 0.89 F N M A Gtd Remic 3.000% 7/25/41 Fed Basis Decreased By 0.89 USD To 33,877.49 USD 9/25/22 Current Year Amortization 3136A7D25 09/27/22 Interest Earned On 20.94 F N M A Gtd Remic 3.000% 7/25/41 $0.00250/Pv On 34,115.78 Pv Due 9/25/22 3136A7D25 09/27/22 Paid Down 2,027.1 Par Value Of 2,027.10 - 2,012.94 F N M A Gtd Remic 3.000% 7/25/41 Trade Date 9/25/22 3136A7D25 09/27/22 Interest Earned On 124.17 F H L M C Mltcl Mtg 2.682% 10/25/22 0.002235 USD/$1 Pv On 55,558.96 Par Value Due 9/25/22 3137AYCE9 09/27/22 Purchased 3,775.3 Units Of - 3,775.30 3,775.30 First Am Govt Ob Fd Cl Y Trade Date 9/27/22 31846V203 09/27/22 Cash Disbursement - 4,266.84 Transfer To Principal Income Earnings 09/27/22 Cash Receipt 4,266.84 Transfer From Income Income Earnings 00- -M -PF-PC -274-04 02354704 23547 Page 33 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 194 1010101010101010101010110110110000000011101011010111100100001001010101110001011111100000110001001010110001011111010010011001000100001000100010010111100000111101110001000010110111001110001000001101010110000000110100100000110010001010111000111000001010010011010011100010101111111111100010011101010000001001110101111111011110111101010011011110110001001101110101011011100110101011001011111111111111111111 09/27/22 Sold 1,618.97 Units Of 1,618.97 - 1,618.97 First Am Govt Ob Fd Cl Y Trade Date 9/27/22 31846V203 09/28/22 Matured 1,618.97 Par Value Of 1,618.97 - 1,605.06 F H L M C Mltcl Mtg 2.778% 9/25/22 Trade Date 9/25/22 Matured Through Direct From Issuer 9/25/2022 Maturity Proceeds 3137B3NW4 09/28/22 Purchased 1,618.97 Units Of - 1,618.97 1,618.97 First Am Govt Ob Fd Cl Y Trade Date 9/28/22 31846V203 09/28/22 Cash Disbursement - 129.23 Transfer To Principal Income Earnings 09/28/22 Cash Receipt 129.23 Transfer From Income Income Earnings 09/28/22 Sold 1,618.97 Units Of 1,618.97 - 1,618.97 First Am Govt Ob Fd Cl Y Trade Date 9/28/22 31846V203 09/30/22 Sold 899,122.5 Units Of 899,122.50 - 899,122.50 First Am Govt Ob Fd Cl Y Trade Date 9/30/22 31846V203 09/30/22 Amortized Premium On - 1,136.89 U S Treasury Nt 1.750% 9/30/22 Fed Basis Decreased By 1,136.89 USD To 725,000.00 USD 9/30/22 Current Year Amortization 912828L57 09/30/22 Matured 725,000 Par Value Of 725,000.00 - 725,000.00 U S Treasury Nt 1.750% 9/30/22 Trade Date 9/30/22 725,000 Par Value At 100 % 912828L57 09/30/22 Interest Earned On 3,125.00 U S Treasury Nt 0.500% 3/31/25 0.0025 USD/$1 Pv On 1,250,000 Par Value Due 9/30/22 912828ZF0 09/30/22 Interest Earned On 6,343.75 U S Treasury Nt 1.750% 9/30/22 0.00875 USD/$1 Pv On 725,000 Par Value Due 9/30/22 912828L57 09/30/22 Cash Disbursement - 9,468.75 Transfer To Principal Income Earnings 00- -M -PF-PC -274-04 02354704 23547 Page 34 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 195 09/30/22 Cash Receipt 9,468.75 Transfer From Income Income Earnings 09/30/22 Purchased 734,468.75 Units Of - 734,468.75 734,468.75 First Am Govt Ob Fd Cl Y Trade Date 9/30/22 31846V203 09/30/22 Purchased 900,000 Par Value Of - 899,122.50 899,122.50 F H L B Disc Nts 10/13/22 Trade Date 9/30/22 Purchased Through Bny Capital Markets, Inc. Swift External Ref#: 00614900005630A 900,000 Par Value At 99.9025 % 313385K47 00- -M -PF-PC -274-04 02354704 23547 Page 35 of 56 RIVERSIDE COUNTY TRANSPORTATION COMMISSION, TOLL REVENUE BONDS 2017 SENIOR LIEN TIFIA SERIES (I-15 EXPRESS LANES PROJECT) RAMP UP ACCOUNT Date Income Principal Tax Posted Description Cash Cash Cost Ending Balance 09/30/2022 $0.00 $0.00 $15,753,336.98 0313237-00-01445-04 This statement is for the period from September 1, 2022 to September 30, 2022 ACCOUNT NUMBER: 240907020 TRANSACTION DETAIL (continued) 196 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 5 of 32 Cash/Money Market Total Cash/Money Market US Government Issues ASSET DETAIL Cash & Equivalents Total Cash & Equivalents Taxable Bonds First American Government - 31846V203 Oblig Fd Cl Y #3763 163,016.540 1.0000 163,016.54 163,016.54 0.00 0.3 4,015.13 2.46 Principal Cash -5,711,108.29 -5,711,108.29 -10.7 Income Cash 5,711,108.29 5,711,108.29 10.7 F H L M C Multiclass Mtg Partn - 3137B1U75 C M O Ser K S01 Cl A2 2.522 01/25/2023 31,467.340 99.6560 31,359.09 31,481.90 -122.81 0.1 793.61 2.53 U S Treasury Note - 91282CBG5 0.125 01/31/2023 845,000.000 98.8420 835,214.90 845,002.45 -9,787.55 1.6 1,056.25 0.13 Total Cash $163,016.54 $163,016.54 $0.00 0.3 $4,015.13 $0.00 $0.00 $0.00 0.0 $0.00 $163,016.54 $163,016.54 $0.00 0.3 $4,015.13 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Cash Security Description Shares/Face Amt Price Market Value Tax Cost Unrealized Gain/Loss Percent of Total Portfolio Estimated Annual Income Estimated Current Yield 197 $77$F+0(17 1010101010101010101010110101010101011011101001010010100000101001001101010000110110010010101001010110100011100100000111011011001100010101000010010101110011101011110001000011010010001101011000100011110110000000111111100000101010011100100000111000001101000011100010100010010111101111100010101110111110001001101110001101001110100110110000010000110010000101101011011011110000011001101011111111111111111111 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 6 of 32 ASSET DETAIL (continued) F H L M C Multiclass Mtg Partn - 3137B36J2 C M O Ser K029 Cl A2 3.320 02/25/2023 446,913.030 99.6360 445,286.27 449,319.04 -4,032.77 0.8 14,837.51 3.33 U S Treasury Note - 91282CBU4 0.125 03/31/2023 3,600,000.000 98.1640 3,533,904.00 3,598,213.29 -64,309.29 6.6 4,500.00 0.13 F H L M C Multiclass Mtg Partn - 3137B4GY6 C M O Ser K032 Cl A2 05/25/2023 Var 510,000.000 99.2010 505,925.10 519,582.76 -13,657.66 0.9 16,881.00 3.34 F H L M C Multiclass Mtg Partn - 3137B4WB8 C M O Ser K033 Cl A2 3.060 07/25/2023 490,000.000 98.9560 484,884.40 495,935.33 -11,050.93 0.9 14,994.00 3.09 U S Treasury Note - 91282CCU3 0.125 08/31/2023 10,000.000 96.2930 9,629.30 9,974.61 -345.31 0.0 12.50 0.13 U S Treasury Note - 91282CBA8 0.125 12/15/2023 5,640,000.000 95.1560 5,366,798.40 5,624,501.37 -257,702.97 10.0 7,050.00 0.13 U S Treasury Note - 91282CBE0 0.125 01/15/2024 4,775,000.000 94.7850 4,525,983.75 4,767,166.02 -241,182.27 8.5 5,968.75 0.13 U S Treasury Note - 91282CDV0 0.875 01/31/2024 1,425,000.000 95.5350 1,361,373.75 1,416,526.56 -55,152.81 2.5 12,468.75 0.92 U S Treasury Note - 91282CEA5 1.500 02/29/2024 550,000.000 96.1640 528,902.00 548,173.83 -19,271.83 1.0 8,250.00 1.56 U S Treasury Note - 91282CEG2 2.250 03/31/2024 870,000.000 97.0000 843,900.00 868,776.56 -24,876.56 1.6 19,575.00 2.32 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Security Description Shares/Face Amt Price Market Value Tax Cost Unrealized Gain/Loss Percent of Total Portfolio Estimated Annual Income Estimated Current Yield 198 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 7 of 32 ASSET DETAIL (continued) U S Treasury Note - 91282CCC3 0.250 05/15/2024 980,000.000 93.6800 918,064.00 978,698.44 -60,634.44 1.7 2,450.00 0.27 U S Treasury Note - 91282CCG4 0.250 06/15/2024 280,000.000 93.4020 261,525.60 278,359.38 -16,833.78 0.5 700.00 0.27 F N M A Gtd R E M I C Pass Thru - 3136AKQM8 C M O Ser 2014 M8 Cl A2 3.056 06/25/2024 203,572.680 97.0190 197,504.18 210,250.75 -12,746.57 0.4 6,221.18 3.15 Federal Home Loan Bks - 3130ASME6 3.000 07/08/2024 730,000.000 97.7720 713,735.60 728,583.80 -14,848.20 1.3 21,900.00 3.07 U S Treasury Note - 91282CCL3 0.375 07/15/2024 3,855,000.000 93.3710 3,599,452.05 3,854,743.10 -255,291.05 6.7 14,456.25 0.40 F H L M C Multiclass Mtg Partn - 3137FYUR5 C M O Ser Q 015 Cl A 08/26/2024 Var 130,252.470 99.6510 129,797.89 130,252.47 -454.58 0.2 2,702.11 2.08 U S Treasury Note - 91282CFG1 3.250 08/31/2024 730,000.000 98.1950 716,823.50 728,025.39 -11,201.89 1.3 23,725.00 3.31 U S Treasury Note - 91282CCX7 0.375 09/15/2024 985,000.000 92.7700 913,784.50 979,985.93 -66,201.43 1.7 3,693.75 0.40 U S Treasury Note - 91282CDB4 0.625 10/15/2024 1,115,000.000 92.9610 1,036,515.15 1,110,949.41 -74,434.26 1.9 6,968.75 0.67 U S Treasury Note - 91282CDH1 0.750 11/15/2024 620,000.000 92.9220 576,116.40 619,418.75 -43,302.35 1.1 4,650.00 0.81 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Security Description Shares/Face Amt Price Market Value Tax Cost Unrealized Gain/Loss Percent of Total Portfolio Estimated Annual Income Estimated Current Yield 199 1010101010101010101010110101010100011011101001010010100000101001001101010001010110010010101001011010100011100000000100011011001100010110110010010101110100011111110001000010001111001101011001010000110110000000111011110000101010010010110100111000001010011101100010100000011010011111100011111011011101001001101010010100100110101011110111001000110101101100111001011011110000011010001011111111111111111111 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 8 of 32 ASSET DETAIL (continued) F H L M C M T N - 3134GXDZ4 0.450 11/25/2024 300,000.000 91.6870 275,061.00 300,000.00 -24,939.00 0.5 1,350.00 0.49 U S Treasury Note - 91282CDN8 1.000 12/15/2024 610,000.000 93.1840 568,422.40 610,727.53 -42,305.13 1.1 6,100.00 1.07 F H L M C M T N - 3134GXS88 4.000 02/28/2025 340,000.000 98.8650 336,141.00 340,000.00 -3,859.00 0.6 13,600.00 4.05 U S Treasury Note - 91282CEQ0 2.750 05/15/2025 1,765,000.000 96.2310 1,698,477.15 1,764,547.46 -66,070.31 3.2 48,537.50 2.86 U S Treasury Note - 91282CEU1 2.875 06/15/2025 475,000.000 96.4410 458,094.75 473,181.64 -15,086.89 0.9 13,656.25 2.98 U S Treasury Note - 91282CEY3 3.000 07/15/2025 2,195,000.000 96.6560 2,121,599.20 2,207,432.62 -85,833.42 4.0 65,850.00 3.10 U S Treasury Note - 91282CFE6 3.125 08/15/2025 2,165,000.000 96.9300 2,098,534.50 2,143,717.97 -45,183.47 3.9 67,656.25 3.22 Federal Home Loan Bks M T N - 3134GXS47 4.200 08/28/2025 340,000.000 98.8770 336,181.80 340,000.00 -3,818.20 0.6 14,280.00 4.25 Federal Home Loan Bks - 3134GXR63 4.050 08/28/2025 340,000.000 98.4200 334,628.00 340,000.00 -5,372.00 0.6 13,770.00 4.11 U S Treasury Note - 91282CFK2 3.500 09/15/2025 1,427,000.000 97.9610 1,397,903.47 1,406,161.41 -8,257.94 2.6 49,945.00 3.57 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Security Description Shares/Face Amt Price Market Value Tax Cost Unrealized Gain/Loss Percent of Total Portfolio Estimated Annual Income Estimated Current Yield 200 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 9 of 32 Total US Government Issues Corporate Issues ASSET DETAIL (continued) F H L M C M T N - 3134GX3A0 4.750 09/30/2025 370,000.000 99.2390 367,184.30 370,000.00 -2,815.70 0.7 17,575.00 4.79 Federal Home Loan Bks - 3130AKXQ4 0.600 02/12/2026 560,000.000 87.7960 491,657.60 559,608.00 -67,950.40 0.9 3,360.00 0.68 U S Treasury Note - 91282CFB2 2.750 07/31/2027 680,000.000 94.1640 640,315.20 677,450.00 -37,134.80 1.2 18,700.00 2.92 Amazon Com Inc - 023135AJ5 2.500 11/29/2022 300,000.000 99.8390 299,517.00 301,682.96 -2,165.96 0.6 7,500.00 2.50 Bank Of Ny Mellon Corp - 06406RAM9 Medium Term Note 1.850 01/27/2023 300,000.000 99.3570 298,071.00 299,790.00 -1,719.00 0.6 5,550.00 1.86 Apple Inc - 037833DV9 0.750 05/11/2023 195,000.000 98.0010 191,101.95 194,469.60 -3,367.65 0.4 1,462.50 0.76 Amazon Com Inc Sr Nt - 023135BP0 0.400 06/03/2023 270,000.000 97.5250 263,317.50 269,622.00 -6,304.50 0.5 1,080.00 0.41 Chevron USA Inc - 166756AJ5 0.426 08/11/2023 115,000.000 96.6340 111,129.10 115,000.00 -3,870.90 0.2 489.90 0.44 $38,660,680.20 $40,326,747.77 -$1,666,067.57 72.3 $528,234.41 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Security Description Shares/Face Amt Price Market Value Tax Cost Unrealized Gain/Loss Percent of Total Portfolio Estimated Annual Income Estimated Current Yield 201 1010101010101010101010110101010011011011101001010010100000101001001101010000110110010010011001000010100011111100000010011011001100010101100010010101110011110001110001000010000010001101011001111101010110000000110001111000101010011101100010111000001110111000100010100101010110110111100011110110111101001001111000010001011110111011001111001010110010010100111101011011111010011010101011111111111111111111 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 10 of 32 ASSET DETAIL (continued) Honda Auto Receivables - 43815NAC8 A B S Ser 2019 3 Cl A3 1.780 08/15/2023 16,982.190 99.8930 16,964.02 16,982.05 -18.03 0.0 302.28 1.78 Toyota Auto Receivables Owner - 89238UAD2 A B S Ser 2019 C Cl A3 1.910 9/15/2023 11,535.810 99.9300 11,527.73 11,535.72 -7.99 0.0 220.33 1.91 Florida Pwr Lt Co - 341081GH4 01/12/2024 Var 285,000.000 99.1820 282,668.70 285,000.00 -2,331.30 0.5 3,406.73 1.20 Bmw Vehicle Owner Trust - 05588CAC6 A B S Ser 2019 A Cl A3 1.920 01/25/2024 17,465.670 99.7910 17,429.17 17,463.32 -34.15 0.0 335.34 1.92 US Bancorp - 91159HHG8 Medium Term Note 3.700 01/30/2024 550,000.000 98.9420 544,181.00 571,591.72 -27,410.72 1.0 20,350.00 3.74 Unitedhealth Group Inc - 91324PDM1 3.500 02/15/2024 550,000.000 98.4380 541,409.00 574,315.76 -32,906.76 1.0 19,250.00 3.56 Jpmorgan Chase Co - 46647PBZ8 0.697 03/16/2024 565,000.000 97.8900 553,078.50 565,000.00 -11,921.50 1.0 3,938.05 0.71 Morgan Stanley - 61772BAA1 0.731 04/05/2024 235,000.000 97.5860 229,327.10 235,000.00 -5,672.90 0.4 1,717.85 0.75 Amazon Com Inc - 023135BW5 0.450 05/12/2024 255,000.000 93.7430 239,044.65 254,627.70 -15,583.05 0.4 1,147.50 0.48 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Security Description Shares/Face Amt Price Market Value Tax Cost Unrealized Gain/Loss Percent of Total Portfolio Estimated Annual Income Estimated Current Yield 202 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 11 of 32 ASSET DETAIL (continued) Paccar Financial Corp - 69371RR81 Medium Term Note 3.150 06/13/2024 170,000.000 97.5620 165,855.40 169,960.90 -4,105.50 0.3 5,355.00 3.23 Ppl Elec Utils Corp 1st Mtg - 69351UAY9 06/24/2024 Var 200,000.000 98.8550 197,710.00 200,000.00 -2,290.00 0.4 4,633.30 2.34 Salesforce Com Inc - 79466LAG9 0.625 07/15/2024 135,000.000 93.2110 125,834.85 134,931.15 -9,096.30 0.2 843.75 0.67 Suntrust Bank - 86787EAY3 3.689 08/02/2024 560,000.000 98.9140 553,918.40 578,255.19 -24,336.79 1.0 20,658.40 3.73 Paccar Financial - 69371RR40 Medium Term Note 0.500 08/09/2024 125,000.000 92.6830 115,853.75 124,932.50 -9,078.75 0.2 625.00 0.54 John Deere Owner Trust - 47789KAC7 A B S Ser 2020 A Cl A3 1.100 08/15/2024 154,882.840 99.0040 153,340.21 154,873.38 -1,533.17 0.3 1,703.71 1.11 Paccar Financial Corp - 69371RR57 Medium Term Note 0.900 11/08/2024 555,000.000 92.2320 511,887.60 554,966.70 -43,079.10 1.0 4,995.00 0.98 Bk Of America Corp - 06051GKG3 Medium Term Note 1.843 02/04/2025 235,000.000 95.0340 223,329.90 235,000.00 -11,670.10 0.4 4,331.05 1.94 Abbott Laboratories - 002824BB5 2.950 03/15/2025 500,000.000 96.2070 481,035.00 519,292.92 -38,257.92 0.9 14,750.00 3.07 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Security Description Shares/Face Amt Price Market Value Tax Cost Unrealized Gain/Loss Percent of Total Portfolio Estimated Annual Income Estimated Current Yield 203 1010101010101010101010110101010010011011101001010010100000101001001101010001010110010010011001001110100011111000000001011011001100010110010010010101110100000101110001000011011111001101011000001110010110000000110101101000101010010011110110111000001001100110100010100111011011000111100010100011011110001001111100001000110110110110001000010010110101111101101111011011111010011001001011111111111111111111 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 12 of 32 ASSET DETAIL (continued) Nike Inc Sr Nt - 654106AH6 2.400 03/27/2025 20,000.000 94.8240 18,964.80 19,972.80 -1,008.00 0.0 480.00 2.53 Bk Of America Corp Fr - 06051GJR1 Medium Term Note 0.976 04/22/2025 235,000.000 92.9470 218,425.45 235,000.00 -16,574.55 0.4 2,293.60 1.05 Morgan Stanley - 61747YEA9 0.790 05/30/2025 515,000.000 92.0400 474,006.00 511,412.50 -37,406.50 0.9 4,068.50 0.86 Drive Auto Receivables Trust - 262108AD5 A B S Ser 2021 1 Cl B 0.650 07/15/2025 118,149.310 99.6790 117,770.05 118,138.42 -368.37 0.2 767.97 0.65 Colgate Palmolive Co Sr - 194162AM5 3.100 08/15/2025 200,000.000 96.5900 193,180.00 199,816.00 -6,636.00 0.4 6,200.00 3.21 Cummins Inc Sr Nt - 231021AU0 0.750 09/01/2025 550,000.000 89.8000 493,900.00 532,735.50 -38,835.50 0.9 4,125.00 0.83 Walmart Inc - 931142EW9 3.900 09/09/2025 270,000.000 98.2500 265,275.00 269,811.00 -4,536.00 0.5 10,530.00 3.97 Wells Fargo Company - 95000U2H5 Medium Term Note 2.406 10/30/2025 550,000.000 93.3540 513,447.00 548,641.50 -35,194.50 1.0 13,233.00 2.58 Santander Auto Rec Tr 2022 1 - 80286EAC0 A B S Ser 2022 1 Cl A3 1.860 11/17/2025 550,000.000 97.9230 538,576.50 549,923.22 -11,346.72 1.0 10,670.00 1.98 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Security Description Shares/Face Amt Price Market Value Tax Cost Unrealized Gain/Loss Percent of Total Portfolio Estimated Annual Income Estimated Current Yield 204 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 13 of 32 Total Corporate Issues Taxable Municipal Issues ASSET DETAIL (continued) State Str Corp - 857477BR3 1.746 02/06/2026 255,000.000 93.0880 237,374.40 255,000.00 -17,625.60 0.4 4,452.30 1.88 Bank Of America Corp - 06051GKM0 Medium Term Note 3.384 04/02/2026 115,000.000 94.4620 108,631.30 115,000.00 -6,368.70 0.2 3,891.60 3.58 Wells Fargo Co - 95000U2X0 Medium Term Note 3.908 04/25/2026 210,000.000 95.5970 200,753.70 210,000.00 -9,246.30 0.4 8,206.80 4.09 Morgan Stanley - 61747YET8 4.679 07/17/2026 100,000.000 97.3720 97,372.00 100,000.00 -2,628.00 0.2 4,679.00 4.80 Bk Of America Corp - 06051GLA5 Medium Term Note 4.827 07/22/2026 250,000.000 97.7690 244,422.50 250,000.00 -5,577.50 0.5 12,067.50 4.94 Bank New York Mellon Corp - 06406RBJ5 Medium Term Note 4.414 07/24/2026 295,000.000 97.7020 288,220.90 295,000.00 -6,779.10 0.5 13,021.30 4.52 Los Angeles Ca Mun Impt Corp Lease - 544587Y28 Rev Ref Bds 2020 C 0.515 11/01/2022 Taxable 325,000.000 99.7710 324,255.75 325,000.00 -744.25 0.6 1,673.75 0.52 $10,137,851.13 $10,594,744.51 -$456,893.38 18.9 $223,332.26 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Security Description Shares/Face Amt Price Market Value Tax Cost Unrealized Gain/Loss Percent of Total Portfolio Estimated Annual Income Estimated Current Yield 205 1010101010101010101010110101010001011011101001010010100000101001001101010001110110010010011001001110100011110100000001011011001100010010000010010101110100010011110001000011101110101101011000101001110110000000101001110000101010000100001010111000001000000101100010100011011111100011100011011101101010001001110000001110101110100100001101100000110100000101001011011011111010011001101011111111111111111111 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 14 of 32 ASSET DETAIL (continued) Riverside Cnty Calif Pension O Bds - 76913CAX7 2020 Ca 2.363 02/15/2023 Taxable 170,000.000 99.2830 168,781.10 170,000.00 -1,218.90 0.3 4,017.10 2.38 Bay Area Ca Toll Auth Toll Bridge - 072024WN8 Revenue Ref San Francisco Bay Area 2.184 04/01/2023 Taxable 680,000.000 99.0620 673,621.60 680,000.00 -6,378.40 1.3 14,851.20 2.20 Connecticut ST Ser A - 20772KGM5 2.921 04/15/2023 Taxable 300,000.000 99.2010 297,603.00 300,456.67 -2,853.67 0.6 8,763.00 2.94 Alameda Cnty Ca Jt Pwrs Auth Lease - 010831DQ5 Revenue Ref 3.095 06/01/2023 Taxable 130,000.000 99.2740 129,056.20 131,777.67 -2,721.47 0.2 4,023.50 3.12 Southern Calif Pub Pwr Auth Pwr Proj - 842475P58 Rev Taxable Ref Bds 2020 B Ca 0.527 07/01/2023 Taxable 370,000.000 97.3000 360,010.00 370,000.00 -9,990.00 0.7 1,949.90 0.54 San Bernardino Calif Cmnty Col - 796720NP1 Taxable Go Ref Bds 2020 Ca 0.729 08/01/2023 Taxable 150,000.000 97.1030 145,654.50 150,000.00 -4,345.50 0.3 1,093.50 0.75 California ST Univ Rev Taxable - 13077DMJ8 Systemwide Bds 2020 D 0.475 11/01/2023 Taxable 150,000.000 96.2240 144,336.00 150,000.00 -5,664.00 0.3 712.50 0.49 Corona Ca Pension Oblig Taxable Bds - 21969AAC6 2021 0.710 05/01/2024 Taxable 190,000.000 93.8990 178,408.10 190,000.00 -11,591.90 0.3 1,349.00 0.76 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Security Description Shares/Face Amt Price Market Value Tax Cost Unrealized Gain/Loss Percent of Total Portfolio Estimated Annual Income Estimated Current Yield 206 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 15 of 32 ASSET DETAIL (continued) Massachusetts ST Spl Oblig Rev - 576004GX7 Taxable Bds 2022 A 3.639 07/15/2024 Taxable 480,000.000 98.4600 472,608.00 480,000.00 -7,392.00 0.9 17,467.20 3.70 Los Altos Ca Sch Dist Taxable Go - 544290JH3 Renewal Bans 2021 1.000 10/01/2024 Taxable 480,000.000 93.6080 449,318.40 485,355.73 -36,037.33 0.8 4,800.00 1.07 Los Angeles Ca Mun Impt Corp Lease - 5445872S6 Rev Taxable Ref Bds 2021A 0.683 11/01/2024 Taxable 230,000.000 91.9530 211,491.90 230,000.00 -18,508.10 0.4 1,570.90 0.74 Riverside Cnty Calif Infrastructure - 76913DFV4 Fing Auth Lease Rev Taxable Ref Ca 0.873 11/01/2024 Taxable 230,000.000 92.0270 211,662.10 230,000.00 -18,337.90 0.4 2,007.90 0.95 New York ST Dorm Auth ST Pers - 64990FD43 Income Tax Rev Taxable Gen Purp 0.887 03/15/2025 Taxable 400,000.000 91.4930 365,972.00 400,000.00 -34,028.00 0.7 3,548.00 0.97 Golden ST Tob Securitization Corp - 38122NA77 Calif Tob Settlement Rev Taxable Ca 1.400 06/01/2025 Taxable 270,000.000 90.7810 245,108.70 270,000.00 -24,891.30 0.5 3,780.00 1.54 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Security Description Shares/Face Amt Price Market Value Tax Cost Unrealized Gain/Loss Percent of Total Portfolio Estimated Annual Income Estimated Current Yield 207 1010101010101010101010110101010000011011101001010010100000101001001101010000010110010010011001000010100011110000000010011011001100010001110010010101110011100111110001000010110011101101011001011010110110000000101101100000101010001010011110111000001111011011100010100001010010010011100010001000001001001001110100010111000110101001001010111000110011101100011001011011111010011010001011111111111111111111 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 16 of 32 Total Taxable Municipal Issues ASSET DETAIL (continued) ASSET DETAIL MESSAGES Total Taxable Bonds Total Assets Estimated Current Yield Time of trade execution and trading party (if not disclosed) will be provided upon request. Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be reflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued, at par value, or at a nominal value. Values shown do not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation. Cost adjustments made to previously reported sales to reflect the impact of IRS wash sale rules may result in adjustments to reported year-to-date losses. Consequently, this period's beginning cost basis may differ from the basis reported in the prior period. The gain and loss figures reported on this statement are provided for informational purposes only and should not be used for tax reporting purposes. Please consult with your tax or legal advisor for questions concerning your personal tax or financial situation. Connecticut ST Taxable Go Bds 2022A - 20772KQH5 3.292 06/15/2025 Taxable 170,000.000 96.0040 163,206.80 170,000.00 -6,793.20 0.3 5,596.40 3.43 $4,541,094.15 $4,732,590.07 -$191,495.92 8.5 $77,203.85 $53,339,625.48 $55,654,082.35 -$2,314,456.87 99.7 $828,770.52 $53,502,642.02 $55,817,098.89 -$2,314,456.87 100.0 $832,785.65 1.55 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Security Description Shares/Face Amt Price Market Value Tax Cost Unrealized Gain/Loss Percent of Total Portfolio Estimated Annual Income Estimated Current Yield 208 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 17 of 32 TRANSACTION DETAIL 09/01/22 Purchase Purchased 30,000 Par Value Of U S Treasury Nt 3.125% 8/31/24 -29,876.95 29,876.95 Trade Date 8/30/22 Purchased Through Citigroup Global Markets Inc. Swift External Ref#: 11456270 30,000 Par Value At 99.58983333 % 09/01/22 Purchase Accrued Interest Paid Accrued Interest On Purchase Of U S Treasury Nt 3.125% 8/31/24 -2.69 Income Debit 2.69- USD 09/01/22 Purchase Purchased 1,895,000 Par Value Of U S Treasury Nt 3.125% 8/15/25 -1,875,605.86 1,875,605.86 Trade Date 8/31/22 Purchased Through Citigroup Global Markets Inc. Swift External Ref#: 11469077 1,895,000 Par Value At 98.97656253 % 09/01/22 Purchase Accrued Interest Paid Accrued Interest On Purchase Of U S Treasury Nt 3.125% 8/15/25 -2,735.65 Income Debit 2,735.65- USD 09/01/22 Sale Sold 121,632.42 Par Value Of Captial One Prime 1.600% 11/15/24 120,568.14 -121,606.57 Trade Date 8/30/22 Sold Through Bnp Paribas Sec Corp Swift External Ref#: 11456370 121,632.42 Par Value At 99.12500327 % 09/01/22 Sell Accrued Interest Received Accrued Interest On Sale Of Captial One Prime 1.600% 11/15/24 86.49 Income Credit 86.49 USD 09/01/22 Return of Capital Amortized Premium On U S Treasury Nt 0.125% 1/31/23 -10.47 Fed Basis Decreased By 10.47 USD To 2,735,111.06 USD 9/1/22 Current Year Amortization $5,666,787.65 -$5,666,787.65 $55,808,019.88 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Date Posted Activity Description Income Cash Principal Cash Tax Cost Beginning Balance 09/01/2022 209 1010101010101010101010110101010111011011101001010010100000101001001101010001110110010010011001010110100011101100001111011011001100010110110010010101110000010011110001000011010011101101011001100010110110000000111000011000101010010010110100111000001010011100010010100100001100010011100010000010111101001001000111001111100110111110000110011000110011001101000011011011111000001000101011111111111111111111 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 18 of 32 TRANSACTION DETAIL (continued) 09/01/22 Sale Sold 815,000 Par Value Of U S Treasury Nt 0.125% 1/31/23 804,844.34 -815,042.49 Trade Date 8/31/22 Sold Through Bnkofmont,Chbrnch/Cm Swift External Ref#: 11468989 815,000 Par Value At 98.75390675 % 09/01/22 Sell Accrued Interest Received Accrued Interest On Sale Of U S Treasury Nt 0.125% 1/31/23 88.59 Income Credit 88.59 USD 09/01/22 Return of Capital Amortized Premium On San Diego Ca 3.250% 9/01/22 -991.49 Fed Basis Decreased By 991.49 USD To 250,000.00 USD 9/1/22 Current Year Amortization 09/01/22 Sale Matured 250,000 Par Value Of San Diego Ca 3.250% 9/01/22 250,000.00 -250,000.00 Trade Date 9/1/22 250,000 Par Value At 100 % 09/01/22 Sale Matured 250,000 Par Value Of Mountain View Ca 1.043% 9/01/22 250,000.00 -250,000.00 Trade Date 9/1/22 250,000 Par Value At 100 % 09/01/22 Sale Matured 330,000 Par Value Of Glendale Ca 1.041% 9/01/22 330,000.00 -330,000.00 Trade Date 9/1/22 330,000 Par Value At 100 % 09/01/22 Asset Income Interest Earned On Cummins Inc 0.750% 9/01/25 2,062.50 0.00375 USD/$1 Pv On 550,000 Par Value Due 9/1/22 09/01/22 Asset Income Interest Earned On Glendale Ca 1.041% 9/01/22 1,717.65 0.005205 USD/$1 Pv On 330,000 Par Value Due 9/1/22 09/01/22 Asset Income Interest Earned On Mountain View Ca 1.043% 9/01/22 1,303.75 0.005215 USD/$1 Pv On 250,000 Par Value Due 9/1/22 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Date Posted Activity Description Income Cash Principal Cash Tax Cost 210 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 19 of 32 TRANSACTION DETAIL (continued) 09/01/22 Asset Income Interest Earned On San Diego Ca 3.250% 9/01/22 4,062.50 0.01625 USD/$1 Pv On 250,000 Par Value Due 9/1/22 09/01/22 Asset Income Interest Earned On First Am Govt Ob Fd Cl Y 1,348.50 Interest From 8/1/22 To 8/31/22 09/02/22 Asset Income Interest Earned On Spire Missouri 0.53871% 12/02/24 1,245.99 0.005538 USD/$1 Pv On 225,000 Par Value Due 9/2/22 09/06/22 Free Deliver Distributed 0.01 Par Value Of Captial One Prime 1.600% 11/15/24 -0.01 Valued At 0.01 USD Market Value Of 0.01 USD 09/07/22 Sale Sold 270,000 Par Value Of U S Treasury Nt 3.125% 8/15/25 266,656.64 -266,656.64 Trade Date 9/6/22 Sold Through Nomura Securities/Fix Income Swift External Ref#: 11510364 270,000 Par Value At 98.76171852 % 09/07/22 Sell Accrued Interest Received Accrued Interest On Sale Of U S Treasury Nt 3.125% 8/15/25 527.34 Income Credit 527.34 USD 09/07/22 Fed Tax Cost Adjust Fed Basis Of U S Treasury Nt 3.125% 8/15/25 Adjusted By 727.74- USD -727.74 Old: 267,384.38 USD/New: 266,656.64 USD Fixed Fedrl Tx Cst From $267384.38 To $266656.64 Wash Adjustment Sale 09/07/22 Fed Tax Cost Adjust Fed Basis Of U S Treasury Nt 3.125% 8/15/25 Adjusted By 727.74 USD 727.74 Old: 267,236.72 USD/New: 267,964.46 USD Fixed Fedrl Tx Cst From $267236.72 To $267964.46 Wash Adjustment Purchase 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Date Posted Activity Description Income Cash Principal Cash Tax Cost 211 1010101010101010101010110101010110011011101001010010100000101001001101010000010110010010011001011010100011101000001100011011001100010101000010010101110111100111110001000010001110101101011000010001110110000000111100001000101010011100100000111000001101000010010010100110000001100011100011010111011110001001000011010110001110110011000001000000110100100100010001011011111000001011001011111111111111111111 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 20 of 32 TRANSACTION DETAIL (continued) 09/08/22 Sale Sold 225,000 Par Value Of Spire Missouri 0.53871% 12/02/24 223,191.00 -225,000.00 Trade Date 9/6/22 Sold Through J.P. Morgan Securities LLC Swift External Ref#: 11508758 225,000 Par Value At 99.196 % 09/08/22 Sell Accrued Interest Received Accrued Interest On Sale Of Spire Missouri 0.53871% 12/02/24 104.63 Income Credit 104.63 USD 09/09/22 Purchase Purchased 270,000 Par Value Of Walmart Inc 3.900% 9/09/25 -269,811.00 269,811.00 Trade Date 9/6/22 Purchased Through Barclays Capital Inc. Fixed In Swift External Ref#: 11511206 270,000 Par Value At 99.93 % 09/12/22 Sale Matured 355,000 Par Value Of Apple Inc 1.700% 9/11/22 355,000.00 -354,939.65 Trade Date 9/11/22 355,000 Par Value At 100 % 09/12/22 Asset Income Interest Earned On Apple Inc 1.700% 9/11/22 3,017.50 0.0085 USD/$1 Pv On 355,000 Par Value Due 9/11/22 09/15/22 Asset Income Interest Earned On Toyota Auto 1.910% 9/15/23 34.46 $0.00159/Pv On 21,652.44 Pv Due 9/15/22 09/15/22 Sale Paid Down 10,116.63 Par Value Of Toyota Auto 1.910% 9/15/23 10,116.63 -10,116.55 Trade Date 9/15/22 09/15/22 Asset Income Interest Earned On Drive Auto 0.650% 7/15/25 88.21 $0.00054/Pv On 162,842.75 Pv Due 9/15/22 09/15/22 Sale Paid Down 44,693.44 Par Value Of Drive Auto 0.650% 7/15/25 44,693.44 -44,689.32 Trade Date 9/15/22 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Date Posted Activity Description Income Cash Principal Cash Tax Cost 212 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 21 of 32 TRANSACTION DETAIL (continued) 09/15/22 Asset Income Interest Earned On Honda Auto 1.780% 8/15/23 41.31 $0.00148/Pv On 27,848.88 Pv Due 9/15/22 09/15/22 Sale Paid Down 10,866.69 Par Value Of Honda Auto 1.780% 8/15/23 10,866.69 -10,866.60 Trade Date 9/15/22 09/15/22 Asset Income Interest Earned On John Deere Owner 1.100% 8/15/24 158.36 $0.00092/Pv On 172,755.45 Pv Due 9/15/22 09/15/22 Sale Paid Down 17,872.61 Par Value Of John Deere Owner 1.100% 8/15/24 17,872.61 -17,871.52 Trade Date 9/15/22 09/15/22 Asset Income Interest Earned On Santander Auto Rec 1.940% 11/17/25 889.17 $0.00162/Pv On 550,000.00 Pv Due 9/15/22 09/15/22 Purchase Purchased 567,000 Par Value Of U S Treasury Nt 3.500% 9/15/25 -562,924.69 562,924.69 Trade Date 9/13/22 Purchased Through Natwest Mkts Secs/Fixed Income Swift External Ref#: 11565895 567,000 Par Value At 99.28125044 % 09/15/22 Asset Income Interest Earned On Abbott Laboratories 2.950% 3/15/25 7,375.00 0.01475 USD/$1 Pv On 500,000 Par Value Due 9/15/22 09/15/22 Return of Capital Amortized Premium On Abbott Laboratories 2.950% 3/15/25 -4,215.63 Fed Basis Decreased By 4,215.63 USD To 519,292.92 USD 9/15/22 Current Year Amortization 09/15/22 Asset Income Interest Earned On New York ST 0.887% 3/15/25 1,774.00 0.004435 USD/$1 Pv On 400,000 Par Value Due 9/15/22 09/15/22 Asset Income Interest Earned On U S Treasury Nt 0.375% 9/15/24 1,846.88 0.001875 USD/$1 Pv On 985,000 Par Value Due 9/15/22 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Date Posted Activity Description Income Cash Principal Cash Tax Cost 213 1010101010101010101010110101010101011011101001010010100000101001001101010000110110010010011001011010100011100100001100011011001100010001010010010101110111110001110001000010111111001101011000110110010110000000100000010000101010001011011100111000001100100001010010100010000101000111100010101001101010001001001111010000010110100001000100110010110101011100110101011011111000001011101011111111111111111111 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 22 of 32 TRANSACTION DETAIL (continued) 09/16/22 Asset Income Interest Earned On Jpmorgan Chase Co 0.697% 3/16/24 1,969.03 0.003485 USD/$1 Pv On 565,000 Par Value Due 9/16/22 09/26/22 Asset Income Interest Earned On F N M A Gtd Remic 3.056% 6/25/24 18.87 Penalty Payment 09/26/22 Return of Capital Amortized Premium On F H L M C Mltcl Mt 3.320% 2/25/23 -996.74 Fed Basis Decreased By 996.74 USD To 459,342.48 USD 9/25/22 Current Year Amortization 09/26/22 Asset Income Interest Earned On F H L M C Mltcl Mt 3.320% 2/25/23 1,264.04 $0.00277/Pv On 456,882.79 Pv Due 9/25/22 09/26/22 Sale Paid Down 9,969.76 Par Value Of F H L M C Mltcl Mt 3.320% 2/25/23 9,969.76 -10,023.44 Trade Date 9/25/22 09/26/22 Asset Income Interest Earned On F H L M C Mltcl Mtg 3.060% 7/25/23 1,249.50 $0.00255/Pv On 490,000.00 Pv Due 9/25/22 09/26/22 Return of Capital Amortized Premium On F H L M C Mltcl Mtg 3.060% 7/25/23 -607.25 Fed Basis Decreased By 607.25 USD To 495,935.33 USD 9/25/22 Current Year Amortization 09/26/22 Asset Income Interest Earned On F H L M C Mltcl Mt 2.522% 1/25/23 114.43 $0.00210/Pv On 54,447.53 Pv Due 9/25/22 09/26/22 Return of Capital Amortized Premium On F H L M C Mltcl Mt 2.522% 1/25/23 -6.40 Fed Basis Decreased By 6.40 USD To 54,472.72 USD 9/25/22 Current Year Amortization 09/26/22 Sale Paid Down 22,980.19 Par Value Of F H L M C Mltcl Mt 2.522% 1/25/23 22,980.19 -22,990.82 Trade Date 9/25/22 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Date Posted Activity Description Income Cash Principal Cash Tax Cost 214 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 23 of 32 TRANSACTION DETAIL (continued) 09/26/22 Asset Income Interest Earned On F H L M C Mltcl Mt 3.310% 5/25/23 1,406.75 $0.00276/Pv On 510,000.00 Pv Due 9/25/22 09/26/22 Return of Capital Amortized Premium On F H L M C Mltcl Mt 3.310% 5/25/23 -1,227.54 Fed Basis Decreased By 1,227.54 USD To 519,582.76 USD 9/25/22 Current Year Amortization 09/26/22 Asset Income Interest Earned On F H L M C Mltcl 2.07452% 8/26/24 225.18 $0.00173/Pv On 130,252.47 Pv Due 9/25/22 09/26/22 Asset Income Interest Earned On F N M A Gtd Remic 3.056% 6/25/24 556.11 $0.00255/Pv On 218,366.00 Pv Due 9/25/22 09/26/22 Return of Capital Amortized Premium On F N M A Gtd Remic 3.056% 6/25/24 -347.52 Fed Basis Decreased By 347.52 USD To 225,529.35 USD 9/25/22 Current Year Amortization 09/26/22 Sale Paid Down 14,793.32 Par Value Of F N M A Gtd Remic 3.056% 6/25/24 14,793.32 -15,278.60 Trade Date 9/25/22 09/26/22 Asset Income Interest Earned On Bmw Vehicle Owner 1.920% 1/25/24 45.17 $0.00160/Pv On 28,230.20 Pv Due 9/25/22 09/26/22 Sale Paid Down 10,764.53 Par Value Of Bmw Vehicle Owner 1.920% 1/25/24 10,764.53 -10,763.08 Trade Date 9/25/22 09/26/22 Fee Trust Fees Collected Charged For Period 08/01/2022 Thru 08/31/2022 -562.83 09/26/22 Asset Income Interest Earned On Ppl Elec Utils 2.31665% 6/24/24 1,184.07 0.00592 USD/$1 Pv On 200,000 Par Value Due 9/24/22 09/27/22 Asset Income Interest Earned On Nike Inc Sr Nt 2.400% 3/27/25 240.00 0.012 USD/$1 Pv On 20,000 Par Value Due 9/27/22 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Date Posted Activity Description Income Cash Principal Cash Tax Cost ATTACHMENT 4 Ϯϭϱ 1010101010101010101010110101010100011011101001010010100000101001001101010001010110010010011001010110100011100000001111011011001100010010100010010101110000000101110001000011100010001101011001000101010110000000100100000000101010000101001000111000001011111111010010100000001000110111100011111100001001001001001011001001111110101100000011101010110010110101100111011011111000001000001011111111111111111111 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 24 of 32 TRANSACTION DETAIL (continued) 09/30/22 Purchase Purchased 370,000 Par Value Of F H L M C M T N 4.750% 9/30/25 -370,000.00 370,000.00 Trade Date 9/14/22 Purchased Through Wells Fargo Securities, LLC Swift External Ref#: 11579277 370,000 Par Value At 100 % 09/30/22 Asset Income Interest Earned On U S Treasury Nt 0.125% 3/31/23 2,250.00 0.000625 USD/$1 Pv On 3,600,000 Par Value Due 9/30/22 09/30/22 Asset Income Interest Earned On U S Treasury Nt 2.250% 3/31/24 9,787.50 0.01125 USD/$1 Pv On 870,000 Par Value Due 9/30/22 09/30/22 Purchase Purchased 860,000 Par Value Of U S Treasury Nt 3.500% 9/15/25 -843,236.72 843,236.72 Trade Date 9/29/22 Purchased Through Nomura Securities/Fix Income Swift External Ref#: 11727232 860,000 Par Value At 98.0507814 % 09/30/22 Purchase Accrued Interest Paid Accrued Interest On Purchase Of U S Treasury Nt 3.500% 9/15/25 -1,247.24 Income Debit 1,247.24- USD 09/30/22 Return of Capital Amortized Premium On U S Treasury Nt 0.125% 1/31/23 -15.23 Fed Basis Decreased By 15.23 USD To 1,920,053.34 USD 9/30/22 Current Year Amortization 09/30/22 Sale Sold 1,075,000 Par Value Of U S Treasury Nt 0.125% 1/31/23 1,062,318.36 -1,075,050.89 Trade Date 9/29/22 Sold Through Citadel Securities LLC Swift External Ref#: 11727167 1,075,000 Par Value At 98.82031256 % 09/30/22 Sell Accrued Interest Received Accrued Interest On Sale Of U S Treasury Nt 0.125% 1/31/23 222.74 Income Credit 222.74 USD Purchase Combined Purchases For The Period 9/ 1/22 - 9/30/22 Of First Am Govt Ob Fd Cl Y -1,090,477.35 1,090,477.35 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Date Posted Activity Description Income Cash Principal Cash Tax Cost 216 RIVERSIDE COUNTY TRANS COMM ACCOUNT NUMBER: 001050990415 September 1, 2022 to September 30, 2022 Page 25 of 32 TRANSACTION DETAIL (continued) Sale Combined Sales For The Period 9/ 1/22 - 9/30/22 Of First Am Govt Ob Fd Cl Y 1,193,539.11 -1,193,539.11 $5,711,108.29 -$5,711,108.29 $55,817,098.89 2080 00- -M -UD-U8 -278-01 0334500-00-00913-01 Date Posted Activity Description Income Cash Principal Cash Tax Cost Ending Balance 09/30/2022 217 Riverside County Transportation Commission SHORT DURATION FIXED INCOME NOVEMBER 2, 2022 ATTACHMENT 5 Ϯϭϴ 2 Table of Contents MetLife Investment Management Overview01 Market Review02 Portfolio Review03 Appendix04 219 3 1. MetLife Investment Management Overview 220 4 MetLife Investment Management (MIM)1 manages Public Fixed Income, Private Capital and Real Estate assets for institutional investors worldwide by applying our deep asset class expertise to build tailored portfolio solutions. We also leverage the broader resources and 150-year history of MetLife to skillfully navigate markets. Overview 1.As of June 30, 2022, subsidiaries of MetLife, Inc. that provide investment management services to MetLife’s general account, separate accounts and/or unaffiliated/third party investors 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), MIM I LLC, and MetLife Investment Management Europe Limited. 2.As of June 30, 2022. At estimated fair value. See Appendix – End Notes for additional information. 3.Illustration shown depicts locations of select MIM regional offices, chosen in MIM’s discretion; not a complete representation of MIM’s regional offices. MIM Highlights Total Assets Under Management of $590.9 billion2 as of June 30, 2022 Separate accounts, proprietary commingled funds and client-specific portfolio solutions Experienced and tenured investment teams Deep fundamental research Leverages the broader resources of the MetLife enterprise Global Presence1,3 Philadelphia Whippany London Santiago Tokyo Hong Kong S.A.R. Dublin 221 5 Short Duration Fixed Income Team Portfolio Management Name Responsibility Industry Experience (yrs) Scott Pavlak, CFA Head of Short Duration Fixed Income 34 Juan Peruyero Portfolio Manager 21 Portfolio Management Support Name Sector Industry Experience (yrs) David Wheeler, CFA Credit 36 Steve Kelly, CFA Credit 35 Kimberley Slough Municipals 29 John Palphreyman, CFA Structured Products 23 Phil Tran Treasuries, Agencies, Money Markets 19 Trading Name Role # of Traders Average Industry Experience (yrs) Dana Cottrell Head of Investment Grade Trading 5 16 Thomas McClintic Head of High Yield Trading 2 26 Jason Valentino Head of Structured Products Trading 8 17 Research Name Role # of Analysts Average Industry Experience (yrs) Brian Funk, CFA Head of Credit Research -25 Ian Bowman Sector Leader – Consumer & Healthcare 7 17 Park Benjamin, CFA Sector Leader – Energy, Basics, Materials 6 13 Scott O’Donnell Sector Leader – Financials 11 16 Richard Davis, CFA Sector Leader – Industrials 6 15 Zach Bauer, CFA Sector Leader – Telecom, Media, Technology 8 16 Susan Young Sector Leader – Utilities & Midstream 8 14 Brent Garrels Sector Leader – Special Situations 2 27 Joseph Gankiewicz, CFA Sector Leader – Municipals 7 21 Jiming Tao, CFA Credit Strategy 1 20 Name Role # of Analysts Average Industry Experience (yrs) Francisco Paez, CFA Head of Structured Products Research 25 Priya Desai Sector Leader – ABS 2 17 Meena Pursnani Sector Leader – CMBS 2 23 Cathy Oh Sector Leader - RMBS 1 20 Angela Best Sector Leader – CLO 2 14 222 6 2. Market Review 223 7 Source: Bloomberg As of September 30, 2022 Yields (%) 0.07 0.12 0.17 0.36 0.92 0.04 0.73 0.96 1.26 1.51 1.67 2.96 3.01 3.04 3.02 3.27 4.28 4.29 4.09 3.83 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% U.S. Treasury 3-Month U.S. Treasury 2-Year U.S. Treasury 3-Year U.S. Treasury 5-Year U.S. Treasury 10-Year 12/31/2020 12/31/2021 6/30/2022 9/30/2022 224 8 Source: Bloomberg As of September 30, 2022 MOVE Index Interest Rate Volatility 141.89 30 50 70 90 110 130 150 2016 2017 2018 2019 2020 2021 225 9 Source: Bloomberg As of September 30, 2022 U.S. Government Securities Liquidity Index 2.86 0.50 1.00 1.50 2.00 2.50 3.00 3.50 2016 2017 2018 2019 2020 2021 226 10 Yield Curves Source: Bloomberg 5-Year Less 3-Month 10-Year Less 2-Year As of September 30, 2022 82 -100 0 100 200 300 400 Ba s i s P o i n t s 5-Year Less 3-Month Fed Tightening Recession -45 -75 -25 25 75 125 175 225 275 Ba s i s P o i n t s 10-Year Less 2-Year Fed Tightening Recession 227 11 1Includes Term Auction Credit ($450B), CP Funding Facility ($332B), Other Loans ($187B) and Other Federal Reserve Assets ($622B) Source: Federal Reserve As of September 30, 2022 Federal Reserve Balance Sheet Billions 12/31/2008 12/31/2019 12/31/2020 12/31/2021 4/30/2022 9/30/2022 Treasuries $475,961 $2,321,676 $4,688,906 $5,651,960 $5,763,654 $5,672,767 Mortgages $0 $1,420,886 $2,066,409 $2,635,024 $2,729,416 $2,707,731 Other $1,792,9591 $464,681 $684,026 $542,075 $511,269 $476,936 Total $2,268,920 $4,207,243 $7,439,341 $8,829,059 $9,004,339 $8,857,434 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Bi l l i o n s ( $ ) Treasuries Mortgages Other 228 12 1 Indicates estimates 2 As of 9/30/2022 Source: Congressional Budget Office As of May 31, 2022 Congressional Budget Office ($ Billions)1973 1983 1993 2003 2008 2009 2011 2013 2015 2017 2019 2020 2021 2022 1 20241 Revenues 231 601 1,154 1,782 2,524 2,105 2,303 2,775 3,250 3,316 3,463 3,421 4,047 4,836 4,924 Outlays 246 808 1,409 2,160 2,983 3,518 3,603 3,455 3,692 3,982 4,447 6,554 6,822 5,804 6,060 Social Security 48 169 302 470 612 678 725 808 882 939 1,038 1,090 1,129 1,212 1,409 Medicare 9 56 143 274 456 500 560 585 634 702 775 912 868 941 1,086 Medicaid 5 19 76 161 201 251 275 265 350 375 409 458 521 589 545 Income Security 14 64 117 196 261 350 404 340 301 294 303 1,051 1,376 561 373 Retirement & Disability 22 62 89 132 173 187 215 233 254 268 285 293 304 373 397 Defense 77 210 292 405 612 657 699 626 583 590 676 714 742 755 819 Other 53 140 192 369 414 708 495 377 465 551 584 1,690 1,531 974 905 Net Interest 17 90 199 153 253 187 230 221 223 263 375 345 352 399 525 Deficit (-) or Surplus Total -15 -208 -255 -378 -459 -1,413 -1,300 -680 -442 -665 -984 -3,132 -2,775 -968 -1,136 Debt Held by the Public 341 1,137 3,248 3,913 5,803 7,545 10,128 11,983 13,117 14,665 16,801 21,017 22,284 24,173 26,217 U.S. Treasury 5-Year Yield (%) 6.83 11.53 5.21 3.25 1.55 2.68 0.83 1.74 1.76 2.21 1.69 0.36 1.26 4.09 2 - $0 $10,000 $20,000 $30,000 $100 $200 $300 $400 $500 $600 Net Interest Expense Debt Held By The Public 229 13 Source: Federal Reserve Federal Reserve Projections 2022 2023 2024 2025 Real GDP December-19 Projection 1.8%N/A N/A N/A December-20 Projection 3.2%2.4%N/A N/A December-21 Projection 4.0%2.2%2.0%N/A March-22 Projection 2.8%2.2%2.0%N/A June-22 Projection 1.7%1.7%1.9%N/A September-22 Projection 0.2%1.2%1.7%1.8% PCE Inflation December-19 Projection 2.0%N/A N/A N/A December-20 Projection 1.9%2.0%N/A N/A December-21 Projection 2.6%2.3%2.1%N/A March-22 Projection 4.3%2.7%2.3%N/A June-22 Projection 5.2%2.6%2.2%N/A September-22 Projection 5.4%2.8%2.3%2.0% Core PCE Inflation December-19 Projection 2.0%N/A N/A N/A December-20 Projection 1.9%2.0%N/A N/A December-21 Projection 2.7%2.3%2.1%N/A March-22 Projection 4.1%2.6%2.3%N/A June-22 Projection 4.3%2.7%2.3%N/A September-22 Projection 4.5%3.1%2.3%2.1% Unemployment Rate December-19 Projection 3.7%N/A N/A N/A December-20 Projection 4.2%3.7%N/A N/A December-21 Projection 3.5%3.5%3.5%N/A March-22 Projection 3.5%3.5%3.6%N/A June-22 Projection 3.7%3.9%4.1%N/A September-22 Projection 3.8%4.4%4.4%4.3% 230 14 Source: Bureau of Economic Analysis Real GDP – as of September 30, 2022 Year Quarter Real GDP QoQ (%) Consumer Spending Fixed Investment Government Spending Net Exports Inventories 2018 1Q 2.80 1.80 0.93 0.13 -0.18 0.13 2.9%2Q 2.80 1.98 1.06 0.49 0.20 -0.91 3Q 2.90 1.73 0.28 0.46 -1.47 1.91 4Q 0.70 1.18 0.17 0.02 -0.43 -0.21 2019 1Q 2.20 0.26 0.15 0.83 0.37 0.57 2.3%2Q 2.70 1.73 1.07 0.92 -0.37 -0.62 3Q 3.60 2.27 0.71 0.58 0.28 -0.24 4Q 1.80 1.55 -0.24 0.41 1.30 -1.24 2020 1Q -4.60 -4.25 -0.54 0.57 -0.05 -0.35 -2.8%2Q -29.90 -23.07 -5.30 1.57 1.30 -4.35 3Q 35.30 26.34 5.12 -0.97 -2.74 7.57 4Q 3.90 2.53 2.76 -0.01 -1.68 0.30 2021 1Q 6.30 6.98 1.70 1.18 -1.02 -2.52 5.9%2Q 7.00 7.84 1.05 -0.54 -0.60 -0.75 3Q 2.70 1.98 -0.18 -0.02 -1.08 1.96 4Q 7.00 2.14 0.12 -0.16 -0.16 5.01 2022 1Q -1.60 0.91 0.83 -0.40 -3.13 0.15 2Q -0.60 1.38 -0.92 -0.29 1.16 -1.91 3Q 2.60 0.97 -0.89 0.42 2.77 -0.70 Average (2011-2022) 2.28 1.67 0.68 0.05 -0.20 0.08 5.9% -3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 2006 2.8% 2007 2.0% 2008 0.1% 2009 -2.6% 2010 2.7% 2011 1.5% 2012 2.3% 2013 1.8% 2014 2.3% 2015 2.7% 2016 1.7% 2017 2.2% 2018 2.9% 2019 2.3% 2020 -2.8% 2021 5.9% 231 15 Source: Bloomberg As of August 31, 2022 U.S. Personal Savings Rate 3.5% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Ye a r o v e r Y e a r 232 16 Case-Shiller and Freddie Mac 30yr Mortgage Rate Source: Case-Shiller, Freddie Mac As of September 30, 2022 13.1% 6.7% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 6.5% 7.0% 0% 5% 10% 15% 20% 25% Ye a r o v e r Y e a r P r i c e C h a n g e Case-Shiller Home Prices (LHS)Freddie Mac 30-Year Commitment Rate (RHS) 233 17 Source: Department of Labor Statistics As of September 30, 2022 Inflation Description Period Sep- 22 Aug- 22 Jul- 22 Jun- 22 May- 22 Apr- 22 Mar- 22 Feb- 22 Jan- 22 Dec- 21 Nov- 21 Oct- 21 Sep- 21 PCE Deflator MoM N/A 0.3 -0.1 1.0 0.6 0.2 1.0 0.6 0.5 0.5 0.6 0.6 0.3 Core Deflator MoM N/A 0.6 0.0 0.6 0.4 0.3 0.4 0.4 0.5 0.5 0.5 0.4 0.2 Deflator YoY N/A 6.2 6.4 7.0 6.5 6.4 6.8 6.4 6.1 6.0 5.9 5.2 4.7 Core Deflator YoY N/A 4.9 4.7 5.0 4.9 5.0 5.4 5.4 5.2 5.0 4.8 4.3 3.9 CPI All Items MoM 0.4 0.1 0.0 1.3 1.0 0.3 1.2 0.8 0.6 0.6 0.7 0.9 0.4 All Items ex Food & Energy MoM 0.6 0.6 0.3 0.7 0.6 0.6 0.3 0.5 0.6 0.6 0.5 0.6 0.3 All Items YoY 8.2 8.3 8.5 9.1 8.6 8.3 8.5 7.9 7.5 7.0 6.8 6.2 5.4 All Items ex Food & Energy YoY 6.6 6.3 5.9 5.9 6.0 6.2 6.5 6.4 6.0 5.5 4.9 4.6 4.0 234 18 Source: University of Michigan Inflation Expectations (University of Michigan) 1-Year Ahead 5-10 Years Ahead As of October 31, 2022 5.1% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 2.9% 2.1% 2.3% 2.5% 2.7% 2.9% 3.1% 3.3% Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 235 19 Source: Bureau of Labor Statistics, Challenger, Gray and Christmas, Inc. As of September 30, 2022 Layoffs & JOLTS Job Openings 10,053 68% -100 -50 0 50 100 150 6,000 7,000 8,000 9,000 10,000 11,000 12,000 Dec-20 Jun-21 Dec-21 Jun-22 % Y o Y JOLTS Job Openings (LHS)Challenger Job Cuts (RHS) 236 20 ICE BofA Corporate 1-5 Year Index OAS (bps)2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Corporate (1–5)174 70 61 65 62 196 639 166 136 227 110 89 99 121 96 61 114 61 60 57 120 Financial (1–5)165 51 50 57 56 212 663 204 158 308 126 93 96 104 100 60 116 63 62 61 137 Industrial (1–5)176 86 73 75 69 181 624 135 116 164 96 85 103 134 92 61 112 59 57 52 103 Utility (1–5)236 79 63 73 71 175 576 155 131 169 110 99 89 120 101 64 126 70 63 66 119 As of September 30, 2022 Past performance is not indicative of future results. Source: ICE Data Services 57 120 45 55 65 75 85 95 105 115 125 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Ba s i s P o i n t s 237 21 3. Portfolio Review 238 22 Portfolio Review - 2017 Toll Revenue I-15 Project Fund As of September 30, 2022 1.Past performance is not indicative of future results. Characteristics 3/31/22 6/30/22 9/30/22 Yield (%)1.45 2.82 4.19 Effective Duration (years)0.59 0.58 0.49 Average Quality Aa3 Aa3 Aa2 Fixed / Floating or Variable (%)68 / 32 79 / 21 72 / 28 Market Value ($)$22,929,983 $22,904,071 $22,944,597 Sector Distribution (%)3/31/22 6/30/22 9/30/22 U.S. Treasury 18 15 22 Agency 0 0 3 Corporate 37 37 31 RMBS / CMBS 8 12 11 ABS 22 22 14 Municipal 8 8 13 Money Markets 7 6 6 239 23 Portfolio Review - 2017 Toll Revenue I-15 Ramp Up Reserve As of September 30, 2022 1.Past performance is not indicative of future results. Characteristics 3/31/22 6/30/22 9/30/22 Yield (%)1.78 2.90 4.17 Effective Duration (years)1.41 1.63 1.47 Average Quality Aaa Aaa Aaa Fixed / Floating or Variable (%)81 / 19 97 / 3 98 / 2 Market Value ($)$15,384,285 $15,326,470 $15,139,319 Sector Distribution (%)3/31/22 6/30/22 9/30/22 U.S. Treasury 72 68 62 Agency 4 5 6 RMBS 17 16 16 CMBS 6 11 10 Money Markets 1 0 6 240 24 Portfolio Review - Debt Reserve Fund As of September 30, 2022 1.Past performance is not indicative of future results. Characteristics 3/31/22 6/30/22 9/30/22 Yield (%)1.55 2.66 4.13 Effective Duration (years)1.75 1.67 1.64 Average Quality Aaa Aaa Aaa Fixed / Floating or Variable (%)57 / 43 67 / 33 68 / 32 Market Value ($)$12,238,283 $12,206,122 $12,242,526 Sector Distribution (%)3/31/22 6/30/22 9/30/22 U.S. Treasury 59 58 57 Agency 4 4 5 RMBS 17 17 15 CMBS 19 21 22 Money Markets 1 0 1 241 25 Portfolio Review - 2021 Series B Reserve Account As of September 30, 2022 1.Past performance is not indicative of future results. Characteristics 3/31/22 6/30/22 9/30/22 Yield (%)1.27 2.80 4.17 Effective Duration (years)0.71 1.19 1.54 Average Quality Aa1 Aa1 Aa1 Fixed / Floating or Variable (%)50 / 50 68 / 32 74 / 26 Market Value ($)$36,133,053 $36,181,846 $36,593,563 Sector Distribution (%)3/31/22 6/30/22 9/30/22 U.S. Treasury 35 17 16 Agency 1 2 2 Corporate 13 21 17 RMBS 7 9 13 CMBS 5 16 24 ABS 29 26 15 Municipal 9 9 6 Money Markets 1 0 7 242 26 Portfolio Review - 2021 Series C Reserve Account As of September 30, 2022 1.Past performance is not indicative of future results. Characteristics 3/31/22 6/30/22 9/30/22 Yield (%)2.06 2.99 4.36 Effective Duration (years)1.96 1.74 1.88 Average Quality Aaa Aa1 Aa1 Fixed / Floating or Variable (%)83 / 17 85 / 15 85 / 15 Market Value ($)$7,210,141 $7,157,260 $7,269,186 Sector Distribution (%)3/31/22 6/30/22 9/30/22 U.S. Treasury 1 3 14 Agency 1 2 2 Corporate 11 12 17 RMBS 33 30 27 CMBS 25 26 25 ABS 20 18 10 Municipal 9 9 5 Money Markets 0 0 0 243 27 Portfolio Performance1 As of September 30, 2022 1.Past performance is not indicative of future results. Performance for periods greater than one year are annualized. The Since Inception performance returns of the portfolio is as of the first full month following the funding date. The performance benchmarks shown are the ICE BofA 0-1 Year U.S. Treasury Index tracks the performance of US dollar denominated sovereign debt publicly issued by the US government in its domestic market with maturities less than a year, the ICE BofA 0-2 Year U.S. Treasury Index, which is a broad-based index that measures short-term Treasury Notes and Bonds with a maturity range between zero and two years, the ICE BofA 1-3 Year U.S. Treasury Index, which is a broad-based index that measures short-term Treasury Notes and Bonds with a maturity range between one and three years and the ICE BofA 3-7 Year U.S. Treasury Index, 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, and are presented for discussion purposes only. 2 Prior to 1/1/2022 reflects 3:00pm pricing. Portfolio/Benchmark Returns (%)1 Duration (Years)QTD YTD 1-Year Annualized Since Inception Portfolio Inception 2017 Toll Revenue I-15 Project Fund (Gross)0.49 0.18 -0.38 -0.42 1.11 8/1/2017 2017 Toll Revenue I-15 Ramp Up Reserve (Gross)1.47 -1.22 -3.31 -3.69 0.85 1/1/2018 Total Debt Reserve Fund (Gross)1.64 -1.31 -3.41 -3.85 1.76 7/2/2013 Total 2021 Series B Reserve Account (Gross)1.54 -1.03 -1.61 --11/1/2021 Total 2021 Series C Reserve Account (Gross)1.88 -1.48 -4.45 --11/1/2021 ICE BofA U.S. Treasury Index 0-1 Year2 0.50 0.16 -0.16 -0.21 - ICE BofA U.S. Treasury Index 0-2 Year2 0.98 -0.48 -1.81 -2.03 - ICE BofA U.S. Treasury Index 1-3 Year2 1.83 -1.49 -4.33 -4.86 - ICE BofA U.S. Treasury Index 3-7 Year2 4.41 -3.79 -10.34 -11.08 - 244 28 4. Appendix 245 29 Disclosures 1.As of September 30, 2022, subsidiaries of MetLife, Inc. that provide investment management services to MetLife’s general account, separate accounts and/or unaffiliated/third party investors 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. L1022026908[exp0123][All States] This material is intended for institutional investor, qualified investor and financial professional use only. Not suitable for use with general retail public. This document is being provided to you at your specific request. This document has been prepared by MetLife Investment Management, LLC (formerly, MetLife Investment Advisors, LLC), a U.S. Securities Exchange Commission-registered investment adviser. MetLife Investment Management, LLC is a subsidiary of MetLife, Inc. and part of MIM.1 Registration with the SEC does not imply a certain level of skill or that the SEC has endorsed the investment advisor. MetLife, Inc. provides investment management services to affiliates and unaffiliated/third party clients through various subsidiaries. MetLife Investment Management (“MIM”), MetLife, Inc.’s institutional investment management business, 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. MIM has invested on behalf of unaffiliated/third party clients since 2009. 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. 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 MetLife Investment Management, LLC. 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. All information has been presented in U.S. dollars. Actual returns may increase or decrease due to currency fluctuations. 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 as of the date indicated on the cover of this document unless otherwise specified 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. 246 30 Disclaimers 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. 247 31 End Notes Explanatory Note The following information is relevant to an understanding of our assets under management ("AUM"). Our definitions may differ from those used by other companies. Total Assets Under Management (“Total AUM”) is comprised of GA AUM plus Institutional Client AUM (each, as defined below). General Account AUM (“GA AUM”) is used by MetLife to describe assets in its general account ("GA") investment portfolio which are actively managed and stated at estimated fair value. GA AUM is comprised of GA total investments and cash and cash equivalents, excluding policy loans, other invested assets, contractholder-directed equity securities and fair value option securities, as substantially all of these assets are not actively managed in MetLife’s GA investment portfolio. Mortgage loans (including commercial, agricultural and residential) and real estate and real estate joint ventures included in GA AUM (at net asset value, net of deduction for encumbering debt) have been adjusted from carrying value to estimated fair value. Classification of GA AUM by sector is based on the nature and characteristics of the underlying investments which can vary from how they are classified under GAAP. Accordingly, the underlying investments within certain real estate and real estate joint ventures that are primarily commercial mortgage loans (at net asset value, net of deduction for encumbering debt) have been reclassified to exclude them from real estate equity and include them as commercial mortgage loans. Institutional Client AUM is comprised of SA AUM plus TP AUM (each, as defined below). MIM manages Institutional Client AUM in accordance with client guidelines contained in each investment contract (“Mandates”). Separate Account AUM (“SA AUM”) is comprised of separate account investment portfolios of MetLife insurance companies, which are managed by MetLife and included in MetLife, Inc.’s consolidated financial statements at estimated fair value. Third Party AUM (“TP AUM”) is comprised of non-proprietary assets managed by MetLife on behalf of unaffiliated/third party clients, which are stated at estimated fair value. Such non-proprietary assets are owned by unaffiliated/third-party clients and, accordingly, are not included in MetLife, Inc.’s consolidated financial statements. Additional information about MetLife’s general account investment portfolio is available in MetLife, Inc.’s quarterly financial materials for the quarter ended December 31, 2020, which may be accessed through MetLife’s Investor Relations web page at https://investor.metlife.com. 248 © 2022 MetLife Services and Solutions, LLC, New York, NY 10166 - All Rights Reserved. Ϯϰϵ ATTACHMENT 6 Payden&Rygel QUARTERLY PORTFOLIO REVIEW Riverside County Transportation Commission 3rd Quarter 2022 PAY DEN.COM LOS ANGELES I BOSTON I LONDON 250 MILAN MARKET MEMO From the desk of Joan Payden: »Thirty-nine years ago, Payden & Rygel opened its door for operation in downtown Los Angeles. A lot has changed, but then again, not much has changed! »Like 39 years ago, inflation is quite high globally, and central banks are hiking rates to “whip inflation right now.” »Central bank rate hikes have resulted in the worst start to a year on record for bond and 60/40 “balanced” portfolios. »Also, like in the early 1980s, the US dollar is strengthening. Since the world is more globalized than ever and the US dollar remains the world reserve currency, many developed and emerging economies are feeling the strain. »What’s different? Unlike during the early 1980s, unemployment rates are low or falling worldwide. We aren’t (yet) in stagflation. »Also, there is a more robust menu of options within the global fixed income and equity-income space for client portfolios. GLOBAL HEADLINE INFLATION (WEIGHTED AS A SHARE OF COUNTRIES’ GLOBAL GDP) TOUGH MEDICINE: GLOBAL CENTRAL BANKS HAVE TO HIKE TO STOP INFLATION SHARE OF GLOBAL CENTRAL BANKS HIKING OR CUTTING RATES Source: Bloomberg Source: BIS, Payden Calculations Pe r c e n t C h a n g e Y e a r - O v e r - Y e a r Sh a r e o f A l l C o u n t r i e s 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 2015 2016 2017 2018 2019 2020 2021 2022 -100% -80% -60% -40% -20% 0% 20% 40% 60% 80% 2015 2016 2017 2018 2019 2020 2021 2022 Hiking Cutting Almost every central bank is hiking... Inflation is a global problem MARKET THEMES FOR Q3 »Interest rates soared globally. In many countries, short-term rates (e.g., two-year note yields) rose more than longer-term rates, resulting in “inverted” yield curves. »Most currencies weakened versus the U.S. dollar, highlighted by the euro’s fall below parity and the British pound’s drop to historical lows. »Equities fell worldwide, led by Europe. Fixed income credit sectors outperformed government bonds, helped by strong demand for credit with higher overall yields. »Emerging market and sub-investment grade corporate bonds outpaced most asset classes, though investors preferred higher- quality issuers. OUTLOOK »With persistently high inflation worldwide, most central banks will continue hiking interest rates in the year’s final quarter. »Central banks may pause in 2023 to assess the effects of tighter monetary policy, giving financial markets a reprieve. 251 Riverside County Transportation Commission Portfolio Review and Market Update - 3rd Quarter 2022 2812 PORTFOLIO CHARACTERISTICS (As of 9/30/2022) $53.7 millionPortfolio Market Value AA+Weighted Average Credit Quality 1.57 yearsWeighted Average Duration 4.32%Weighted Average Yield to Maturity DURATION DISTRIBUTION 0% 10% 20% 30% 40% 50% 60% 0 - 1 1 - 2 2 - 3 3+ Years SECTOR ALLOCATION 0% 10% 20% 30% 40% 50% 60% 70% Tre a s u r i e s IG C o r p o r a t e s Mu n i c i p a l Ag e n c i e s MB S AB S PORTFOLIO RETURNS - Periods Ending 9/30/2022 Trailing 5 Yr Trailing 1 Yr Trailing 3 Yr 3rd Quarter RCTC Operating Portfolio -1.07% -3.85% 0.01% 0.98% ICE BofA 1-3 Year US Treasury Index -1.56% -4.86% -0.48% 0.57% Periods over one year are annualized 252 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 253 September 2022 REPORT TREASURER-TAX COLLECTOR'S POOLED INVESTMENT FUND TREASURER-TAX COLLECTOR’S COUNTY OF RIVERSIDE MANAGED BY Matt Jennings Treasurer-Tax Collector Giovane Pizano Assistant Treasurer John Byerly Chief Investment Officer Steve Faeth Senior Investment Officer Isela Licea Investment Officer COUNTY ADMINISTRATIVE CENTER 4080 LEMON STREET, 4TH FLOOR, RIVERSIDE, CA 92502-2205 WWW.COUNTYTREASURER.ORG ATTACHMENT 7 254 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR POOLED INVESTMENT FUND 2 September saw inflaı on readings conı nue to come in on the high side. The Consumer Price Index released mid‐month was up 8.3%, far from the Fed’s desired rate of 2.00%. In response to the persistently high inflaı on reading, the Fed increased the Federal Funds Rate to a range of 3.00% ‐ 3.25% on September 21st, a 75‐basis point jump, the third consecuı ve increase of that magnitude. Things were more posiı ve than expected for employment. Non‐farm payrolls added 315,000 which beat expectaı ons of 298,000. INFLATION FIGHT CONTINUES Federal Reserve Chair Jerome Powell’s public comments, reaffirming the Fed’s dedica.on to stamp out inflaƟon, encouraged investors who now esƟmate the Fed will conƟnue raising rates to nearly 5.00% to slow the economy by cooling the overheated demand for goods. The housing sector has already begun slowing due to higher rates. Higher mortgage rates are limiƟng the purchasing power of homebuyers, with the NaƟonal AssociaƟon of Home Builders Index now down to 46, the ninth straight monthly decline. The index peaked at 90 in late November of 2020. A reading below 50 indicates that more builders report condiƟons as ‘poor’ than those who see condiƟons as ‘good’. Even Riverside County, one of the hoƩest real estate markets in the country over the past 3 years, is seeing a slowdown. In our County, the most recent annual price gain has dropped to 7.4% versus increases as high as 24% during the peak of the boom. Prices may even begin to show a decline as the next few months pass, considering current data shows acƟvity from late summer. In the bond market, September saw 2‐year Treasury yields start the month at 3.50% and end the month at 4.28%. 5‐year Treasury yields began the month at 3.40% and ended at 4.09%. Stocks declined in September, with the Dow Jones Industrial Average beginning the month at 31,500 and ending at 28,725. MaƩ Jennings Treasurer‐Tax Collector Ϯϱϱ COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR POOLED INVESTMENT FUND 3 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 Tax- Collector Statement PORTFOLIO SUMMARY Ϯϱϲ COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR POOLED INVESTMENT FUND 4 PORTFOLIO STATS TPIF STATS Ϯϱϳ COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR POOLED INVESTMENT FUND 5 FED FUNDS RATE US Treasury Market FIXED INCOME MARKETS TIMMI The Treasurer’s InsƟtuƟonal Money Market Index (TIMMI) is a composite index of four AAA rated prime insƟtuƟonal money market funds. Their average yield is compared to the yield of the Treasurer’s Pooled Investment Fund in the above graph. Fed Fund Rate: 3.00% to 3.25% Next FOMC Scheduled Meeting: 11/02/2022 Ϯϱϴ COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR POOLED INVESTMENT FUND 6 Compliance Status: Full Compliance The Treasurer’s Pooled Investment Fund was in full compliance with the County of Riverside’s Treasurer’s Statement of Investment Policy. The County’s Statement of Investment Policy is more restrictive than California Government Code 53646. The County’s Investment Policy is reviewed annually by the County of Riverside’s Oversight Committee and approved by the Board of Supervisors. GOVERNMENT CODE COUNTY INVESTMENT POLICY Investment Category Maxi- mum Maturity Authorized % Limit S&P/ Moody's Maximum Ma- turity Authorized % Limit S&P/ Moody's Actual % MUNICIPAL BONDS (MUNI) 5 YEARS NO LIMIT NA 4 YEARS 15% AA-/Aa3/AA- 1.68% U.S. TREASURIES 5 YEARS NO LIMIT NA 5 YEARS 100% NA 26.86% LOCAL AGENCY OBLIGATIONS (LAO) 5 YEARS NO LIMIT NA 3 YEARS 2.50% INVESTMENT GRADE 0.00% FEDERAL AGENCIES 5 YEARS NO LIMIT AAA 5 YEARS 100% NA 37.11% COMMERCIAL PAPER (CP) 270 DAYS 40% A1/P1 270 DAYS 40% A1/P1/F1 10.08% CERTIFICATE & TIME DE- POSITS (NCD & TCD) 5 YEARS 30% NA 1 YEAR 25% Combined A1/P1/F1 14.88% INT'L BANK FOR RECON- STRUCTION AND DEVEL- OPMENT AND INT'L FI- NANCE CORPORATION NA NA NA 4 YEARS 20% AA/Aa/AA 1.13% REPURCHASE AGREEMENTS (REPO) 1 YEARS NO LIMIT NA 45 DAYS 40% max, 25% in term repo over 7 days A1/P1/F1 2.02% 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 0.00% CALTRUST SHORT TERM FUND NA NA NA DAILY LIQUIDITY 1.00% NA 0.82% MONEY MARKET MUTUAL FUNDS (MMF) 60 DAYS (1) 20% AAA/ Aaa (2) DAILY LIQUIDITY 20% AAA by 2 Of 3 RATINGS AGC. 4.84% LOCAL AGENCY INVESTMENT FUND (LAIF) NA NA NA DAILY LIQUIDITY Max $50 million NA 0.00% CASH/DEPOSIT AC- COUNT NA NA NA NA NA NA 0.00% Ϯϱϵ Agency AGCY BOND Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss 3130ATHV2 FEDERAL HOME LOAN BANKS 4.312 100.0688 09/11/2026 1,000,000.00 1,000,688.00 997,784.61 2,903.39 3133EKQA7 FEDERAL FARM CREDIT BANKS FUNDING CORP 1.693 95.8108 09/10/2024 2,064,000.00 1,977,534.91 2,079,030.13 (101,495.22) 3135GA2P5 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.356 94.0132 05/03/2024 3,500,000.00 3,290,462.00 3,499,680.26 (209,218.26) 3136G4P31 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.450 93.0291 08/19/2024 3,701,000.00 3,443,006.99 3,701,000.00 (257,993.01) 3134GW4C7 FEDERAL HOME LOAN MORTGAGE CORP 3.488 87.2750 10/27/2026 5,000,000.00 4,363,750.00 4,494,878.89 (131,128.89) 3130ATFH5 FEDERAL HOME LOAN BANKS 3.941 98.2704 09/11/2026 5,000,000.00 4,913,520.00 4,965,477.37 (51,957.37) 3133ENH45 FEDERAL FARM CREDIT BANKS FUNDING CORP 3.294 96.0314 08/24/2026 5,000,000.00 4,801,570.00 4,969,374.78 (167,804.78) 3133ENKS8 FEDERAL FARM CREDIT BANKS FUNDING CORP 1.202 93.1343 01/06/2025 5,000,000.00 4,656,715.00 4,991,461.96 (334,746.96) 3130AL2G8 FEDERAL HOME LOAN BANKS 0.615 88.4534 02/18/2026 5,000,000.00 4,422,670.00 4,997,460.16 (574,790.16) 3133ENH45 FEDERAL FARM CREDIT BANKS FUNDING CORP 3.137 96.0314 08/24/2026 5,000,000.00 4,801,570.00 4,997,856.73 (196,286.73) 3133ENPY0 FEDERAL FARM CREDIT BANKS FUNDING CORP 1.764 94.1482 02/25/2025 5,000,000.00 4,707,410.00 4,998,397.81 (290,987.81) 3133ELNJ9 FEDERAL FARM CREDIT BANKS FUNDING CORP 1.542 96.3315 02/28/2024 5,000,000.00 4,816,575.00 5,000,000.00 (183,425.00) 3134GVWM6 FEDERAL HOME LOAN MORTGAGE CORP 0.730 90.9572 05/28/2025 5,000,000.00 4,547,860.00 5,000,000.00 (452,140.00) 3136G4XK4 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.650 90.4686 06/30/2025 5,000,000.00 4,523,430.00 5,000,000.00 (476,570.00) 3134GV5R5 FEDERAL HOME LOAN MORTGAGE CORP 0.570 93.5759 07/15/2024 5,000,000.00 4,678,795.00 5,000,000.00 (321,205.00) 3136G42F9 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.625 89.9182 08/27/2025 5,000,000.00 4,495,910.00 5,000,000.00 (504,090.00) 3136G46N8 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.600 89.3133 10/29/2025 5,000,000.00 4,465,665.00 5,000,000.00 (534,335.00) 3135G06F5 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.310 95.7768 11/16/2023 5,000,000.00 4,788,840.00 5,000,000.00 (211,160.00) 3134GXBM5 FEDERAL HOME LOAN MORTGAGE CORP 0.600 89.2777 11/12/2025 5,000,000.00 4,463,885.00 5,000,000.00 (536,115.00) 3134GXBM5 FEDERAL HOME LOAN MORTGAGE CORP 0.600 89.2777 11/12/2025 5,000,000.00 4,463,885.00 5,000,000.00 (536,115.00) 3135GA2Z3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.560 89.1220 11/17/2025 5,000,000.00 4,456,100.00 5,000,000.00 (543,900.00) 3135GA2Z3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.560 89.1220 11/17/2025 5,000,000.00 4,456,100.00 5,000,000.00 (543,900.00) 3133EMLP5 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.320 91.5178 12/23/2024 5,000,000.00 4,575,890.00 5,000,000.00 (424,110.00) 3130ALF25 FEDERAL HOME LOAN BANKS 0.400 91.9452 11/26/2024 5,000,000.00 4,597,260.00 5,000,000.00 (402,740.00) 3130ALFN9 FEDERAL HOME LOAN BANKS 0.550 89.7337 08/25/2025 5,000,000.00 4,486,685.00 5,000,000.00 (513,315.00) 3133EMSC7 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.480 91.1891 03/03/2025 5,000,000.00 4,559,455.00 5,000,000.00 (440,545.00) 3133EMZS4 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.900 88.7459 05/18/2026 5,000,000.00 4,437,295.00 5,000,000.00 (562,705.00) 3130AMJN3 FEDERAL HOME LOAN BANKS 1.030 89.1106 05/26/2026 5,000,000.00 4,455,530.00 5,000,000.00 (544,470.00) 3136G46S7 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.560 89.2081 10/28/2025 5,000,000.00 4,460,405.00 5,000,000.00 (539,595.00) 3134GWTG1 FEDERAL HOME LOAN MORTGAGE CORP 0.600 89.5525 09/30/2025 5,000,000.00 4,477,625.00 5,000,000.00 (522,375.00) 3134GWP91 FEDERAL HOME LOAN MORTGAGE CORP 0.500 90.2128 06/16/2025 5,000,000.00 4,510,640.00 5,000,000.00 (489,360.00) 3136G4XZ1 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.740 90.6988 06/30/2025 5,000,000.00 4,534,940.00 5,000,000.00 (465,060.00) 3130AMMZ2 FEDERAL HOME LOAN BANKS 1.000 88.9127 06/10/2026 5,000,000.00 4,445,635.00 5,000,000.00 (554,365.00) 3134GV3A4 FEDERAL HOME LOAN MORTGAGE CORP 0.500 93.5680 07/01/2024 5,000,000.00 4,678,400.00 5,000,000.00 (321,600.00) 3130AQRH8 FEDERAL HOME LOAN BANKS 2.000 90.9922 02/25/2027 5,000,000.00 4,549,610.00 5,000,000.00 (450,390.00) 3130AQRH8 FEDERAL HOME LOAN BANKS 2.000 90.9922 02/25/2027 5,000,000.00 4,549,610.00 5,000,000.00 (450,390.00) 3130AR4V0 FEDERAL HOME LOAN BANKS 2.150 94.8088 03/14/2025 5,000,000.00 4,740,440.00 5,000,000.00 (259,560.00) 3130AR6U0 FEDERAL HOME LOAN BANKS 2.500 92.5984 03/22/2027 5,000,000.00 4,629,920.00 5,000,000.00 (370,080.00) 3130AR7D7 FEDERAL HOME LOAN BANKS 2.050 94.5347 03/25/2025 5,000,000.00 4,726,735.00 5,000,000.00 (273,265.00) 3130ATBV8 FEDERAL HOME LOAN BANKS 4.150 97.6787 09/29/2027 5,000,000.00 4,883,935.00 5,000,000.00 (116,065.00) 3130ATBV8 FEDERAL HOME LOAN BANKS 4.150 97.6787 09/29/2027 5,000,000.00 4,883,935.00 5,000,000.00 (116,065.00) 3133ELH80 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.680 90.7182 06/10/2025 5,025,000.00 4,558,589.55 5,025,000.00 (466,410.45) 3130ASDK2 FEDERAL HOME LOAN BANKS 3.250 95.9834 06/29/2026 5,250,000.00 5,039,128.50 5,250,000.00 (210,871.50) 3130AL6K5 FEDERAL HOME LOAN BANKS 0.580 88.3361 02/25/2026 6,000,000.00 5,300,166.00 6,000,000.00 (699,834.00) 3133EKP75 FEDERAL FARM CREDIT BANKS FUNDING CORP 1.671 94.8805 09/17/2024 6,128,000.00 5,814,277.04 6,119,746.95 (305,469.91) 3130ARHG9 FEDERAL HOME LOAN BANKS 2.180 97.0038 02/28/2024 7,000,000.00 6,790,266.00 6,994,170.64 (203,904.64) 3130ATH42 FEDERAL HOME LOAN BANKS 4.700 99.4067 09/29/2027 7,000,000.00 6,958,469.00 7,000,000.00 (41,531.00) 3130ATBV8 FEDERAL HOME LOAN BANKS 4.150 97.6787 09/29/2027 7,225,000.00 7,057,286.08 7,225,000.00 (167,713.93) 3133EMKH4 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.160 99.3316 12/15/2022 8,245,000.00 8,189,890.42 8,245,000.00 (55,109.58) 3136G4Q97 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.650 89.9856 08/27/2025 8,650,000.00 7,783,754.40 8,650,000.00 (866,245.60) 3130ALGJ7 FEDERAL HOME LOAN BANKS 1.016 89.4481 03/23/2026 8,921,250.00 7,979,888.62 8,916,330.65 (936,442.03) US3130AL2X12 FEDERAL HOME LOAN BANKS 3.001 86.6999 02/17/2027 10,000,000.00 8,669,990.00 9,128,827.27 (458,837.27) 3133EL5S9 FEDERAL FARM CREDIT BANKS FUNDING CORP 2.905 92.9508 09/03/2024 10,000,000.00 9,295,080.00 9,552,843.24 (257,763.24) 3133EL4J0 FEDERAL FARM CREDIT BANKS FUNDING CORP 2.882 93.0648 08/19/2024 10,000,000.00 9,306,480.00 9,563,888.94 (257,408.94) 3130AKYH3 FEDERAL HOME LOAN BANKS 1.746 86.6672 02/10/2027 10,000,000.00 8,666,720.00 9,619,002.03 (952,282.03) 3130ALGJ7 FEDERAL HOME LOAN BANKS 1.000 89.4481 03/23/2026 9,750,000.00 8,721,189.75 9,750,000.00 (1,028,810.25) 3130ALGJ7 FEDERAL HOME LOAN BANKS 1.000 89.4481 03/23/2026 9,750,000.00 8,721,189.75 9,750,000.00 (1,028,810.25) 3130ALGJ7 FEDERAL HOME LOAN BANKS 1.000 89.4481 03/23/2026 9,750,000.00 8,721,189.75 9,750,000.00 (1,028,810.25) 3130ANMH0 FEDERAL HOME LOAN BANKS 1.668 88.7678 08/20/2026 10,000,000.00 8,876,780.00 9,788,188.29 (911,408.29) 3133ENL99 FEDERAL FARM CREDIT BANKS FUNDING CORP 3.830 96.5314 09/15/2027 10,000,000.00 9,653,140.00 9,796,620.48 (143,480.48) 3130ALHH0 FEDERAL HOME LOAN BANKS 3.040 89.4520 03/05/2026 10,500,000.00 9,392,460.00 9,799,192.28 (406,732.28) 3133ENKG4 FEDERAL FARM CREDIT BANKS FUNDING CORP 1.908 89.2895 01/11/2027 10,000,000.00 8,928,950.00 9,821,793.66 (892,843.66) 3130AQHS5 FEDERAL HOME LOAN BANKS 1.984 90.0368 01/28/2027 10,000,000.00 9,003,680.00 9,883,399.67 (879,719.67) 3133ENBK5 FEDERAL FARM CREDIT BANKS FUNDING CORP 1.340 88.5144 10/20/2026 10,000,000.00 8,851,440.00 9,921,758.49 (1,070,318.49) 3133EMJQ6 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.253 95.4853 12/08/2023 9,931,000.00 9,482,645.14 9,931,501.81 (448,856.67) 3133ENBK5 FEDERAL FARM CREDIT BANKS FUNDING CORP 1.249 88.5144 10/20/2026 10,000,000.00 8,851,440.00 9,957,071.82 (1,105,631.82) 3133ENL99 FEDERAL FARM CREDIT BANKS FUNDING CORP 3.467 96.5314 09/15/2027 10,000,000.00 9,653,140.00 9,958,467.14 (305,327.14) 3137EAEX3 FEDERAL HOME LOAN MORTGAGE CORP 0.497 89.0824 09/23/2025 10,000,000.00 8,908,240.00 9,964,095.91 (1,055,855.91) 3133ENLZ1 FEDERAL FARM CREDIT BANKS FUNDING CORP 1.860 90.3587 01/26/2027 10,000,000.00 9,035,870.00 9,967,094.62 (931,224.62) 3133ENYX2 FEDERAL FARM CREDIT BANKS FUNDING CORP 3.439 98.2247 06/17/2024 10,000,000.00 9,822,470.00 9,968,963.75 (146,493.75) 3130AQF65 FEDERAL HOME LOAN BANKS 1.306 88.8094 12/21/2026 10,000,000.00 8,880,940.00 9,977,178.40 (1,096,238.40) 3133ENVD9 FEDERAL FARM CREDIT BANKS FUNDING CORP 2.913 94.5423 04/26/2027 10,000,000.00 9,454,230.00 9,983,922.89 (529,692.89) 3133ENB33 FEDERAL FARM CREDIT BANKS FUNDING CORP 3.075 95.1444 07/19/2027 10,000,000.00 9,514,440.00 9,988,966.05 (474,526.05) 3133ENB66 FEDERAL FARM CREDIT BANKS FUNDING CORP 3.174 96.1718 07/20/2026 10,000,000.00 9,617,180.00 9,991,449.69 (374,269.69) 3132X03B5 FEDERAL AGRICULTURAL MORTGAGE CORP 2.960 99.0201 06/30/2023 10,000,000.00 9,902,010.00 9,992,116.30 (90,106.30) 3133EMSC7 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.512 91.1891 03/03/2025 10,000,000.00 9,118,910.00 9,992,431.04 (873,521.04) 3130ARMT5 FEDERAL HOME LOAN BANKS 2.838 96.7729 10/25/2024 10,000,000.00 9,677,290.00 9,992,549.34 (315,259.34) 3133EMLP5 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.339 91.5178 12/23/2024 10,000,000.00 9,151,780.00 9,995,803.70 (844,023.70) 3133EMLT7 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.244 95.1955 12/28/2023 10,000,000.00 9,519,550.00 9,995,804.83 (476,254.83) 3133EJD48 FEDERAL FARM CREDIT BANKS FUNDING CORP 3.092 98.8397 10/02/2023 10,000,000.00 9,883,970.00 9,995,845.88 (111,875.88) 3135G0T94 FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.490 99.5995 01/19/2023 10,000,000.00 9,959,950.00 9,996,619.17 (36,669.17) 3137EAEZ8 FEDERAL HOME LOAN MORTGAGE CORP 0.280 95.7351 11/06/2023 10,000,000.00 9,573,510.00 9,996,703.27 (423,193.27) 3133EMKW1 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.235 95.2689 12/21/2023 10,000,000.00 9,526,890.00 9,996,941.82 (470,051.82) 3135G06A6 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.587 89.3308 10/20/2025 10,000,000.00 8,933,080.00 9,997,842.55 (1,064,762.55) 3133EL7E8 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.250 98.4302 03/15/2023 10,000,000.00 9,843,020.00 9,998,637.92 (155,617.92) 3134GXEX8 FEDERAL HOME LOAN MORTGAGE CORP 0.270 97.4884 06/01/2023 10,000,000.00 9,748,840.00 9,998,662.93 (249,822.93) 3135G06C2 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.604 89.3133 10/29/2025 10,000,000.00 8,931,330.00 9,998,768.11 (1,067,438.11) 3133EJKN8 FEDERAL FARM CREDIT BANKS FUNDING CORP 2.719 99.3637 04/11/2023 10,000,000.00 9,936,370.00 9,998,978.49 (62,608.49) 3134GXCA0 FEDERAL HOME LOAN MORTGAGE CORP 0.328 95.7062 11/24/2023 10,000,000.00 9,570,620.00 9,999,042.29 (428,422.29) 3130ANRB8 FEDERAL HOME LOAN BANKS 0.553 92.0610 12/17/2024 10,000,000.00 9,206,100.00 9,999,319.29 (793,219.29) 3134GXEX8 FEDERAL HOME LOAN MORTGAGE CORP 0.260 97.4884 06/01/2023 10,000,000.00 9,748,840.00 9,999,331.46 (250,491.46) 3134GXEX8 FEDERAL HOME LOAN MORTGAGE CORP 0.256 97.4884 06/01/2023 10,000,000.00 9,748,840.00 9,999,598.44 (250,758.44) 3130AKDH6 FEDERAL HOME LOAN BANKS 0.176 99.8283 10/21/2022 10,000,000.00 9,982,830.00 9,999,722.33 (16,892.33) 3134GVWM6 FEDERAL HOME LOAN MORTGAGE CORP 0.730 90.9572 05/28/2025 10,000,000.00 9,095,720.00 10,000,000.00 (904,280.00) 3134GVYX0 FEDERAL HOME LOAN MORTGAGE CORP 0.500 93.8914 06/03/2024 10,000,000.00 9,389,140.00 10,000,000.00 (610,860.00) 3136G4D75 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.600 90.0829 07/29/2025 10,000,000.00 9,008,290.00 10,000,000.00 (991,710.00) 3136G4B77 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.700 90.2920 08/04/2025 10,000,000.00 9,029,200.00 10,000,000.00 (970,800.00) 3136G4F32 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.600 90.0829 07/29/2025 10,000,000.00 9,008,290.00 10,000,000.00 (991,710.00) 3134GWLW4 FEDERAL HOME LOAN MORTGAGE CORP 0.625 89.9723 08/19/2025 10,000,000.00 8,997,230.00 10,000,000.00 (1,002,770.00) 3136G4X40 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.600 89.8595 08/26/2025 10,000,000.00 8,985,950.00 10,000,000.00 (1,014,050.00) 3136G4Z97 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.375 94.7501 02/28/2024 10,000,000.00 9,475,010.00 10,000,000.00 (524,990.00) 3130AK3T1 FEDERAL HOME LOAN BANKS 0.500 92.0361 12/09/2024 10,000,000.00 9,203,610.00 10,000,000.00 (796,390.00) 3134GWL38 FEDERAL HOME LOAN MORTGAGE CORP 0.540 89.5187 09/15/2025 10,000,000.00 8,951,870.00 10,000,000.00 (1,048,130.00) 3134GWN85 FEDERAL HOME LOAN MORTGAGE CORP 0.450 92.8187 09/10/2024 10,000,000.00 9,281,870.00 10,000,000.00 (718,130.00) 3134GW3Z7 FEDERAL HOME LOAN MORTGAGE CORP 0.600 89.3216 10/28/2025 10,000,000.00 8,932,160.00 10,000,000.00 (1,067,840.00) 3134GW3Y0 FEDERAL HOME LOAN MORTGAGE CORP 0.550 89.1794 10/28/2025 10,000,000.00 8,917,940.00 10,000,000.00 (1,082,060.00) 3135G06A6 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.580 89.3308 10/20/2025 10,000,000.00 8,933,080.00 10,000,000.00 (1,066,920.00) 260 3136G45C3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.540 89.1595 10/27/2025 10,000,000.00 8,915,950.00 10,000,000.00 (1,084,050.00) 3135G06C2 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.600 89.3133 10/29/2025 10,000,000.00 8,931,330.00 10,000,000.00 (1,068,670.00) 3134GW3X2 FEDERAL HOME LOAN MORTGAGE CORP 0.625 89.4007 10/27/2025 10,000,000.00 8,940,070.00 10,000,000.00 (1,059,930.00) 3135GA2N0 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.550 89.2002 11/04/2025 10,000,000.00 8,920,020.00 10,000,000.00 (1,079,980.00) 3135GA3C3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.350 93.8550 05/17/2024 10,000,000.00 9,385,500.00 10,000,000.00 (614,500.00) 3135GA3C3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.350 93.8550 05/17/2024 10,000,000.00 9,385,500.00 10,000,000.00 (614,500.00) 3135G06E8 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.420 92.0679 11/18/2024 10,000,000.00 9,206,790.00 10,000,000.00 (793,210.00) 3135GA2Z3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.560 89.1220 11/17/2025 10,000,000.00 8,912,200.00 10,000,000.00 (1,087,800.00) 3133EMHL9 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.310 95.6340 11/30/2023 10,000,000.00 9,563,400.00 10,000,000.00 (436,600.00) 3134GXEA8 FEDERAL HOME LOAN MORTGAGE CORP 0.200 99.5250 11/23/2022 10,000,000.00 9,952,500.00 10,000,000.00 (47,500.00) 3134GXEA8 FEDERAL HOME LOAN MORTGAGE CORP 0.200 99.5250 11/23/2022 10,000,000.00 9,952,500.00 10,000,000.00 (47,500.00) 3134GXCF9 FEDERAL HOME LOAN MORTGAGE CORP 0.400 93.8545 05/24/2024 10,000,000.00 9,385,450.00 10,000,000.00 (614,550.00) 3134GXCF9 FEDERAL HOME LOAN MORTGAGE CORP 0.400 93.8545 05/24/2024 10,000,000.00 9,385,450.00 10,000,000.00 (614,550.00) 3134GXGQ1 FEDERAL HOME LOAN MORTGAGE CORP 0.200 99.3394 12/15/2022 10,000,000.00 9,933,940.00 10,000,000.00 (66,060.00) 3134GXHL1 FEDERAL HOME LOAN MORTGAGE CORP 0.700 89.1888 12/30/2025 10,000,000.00 8,918,880.00 10,000,000.00 (1,081,120.00) 3133EMKH4 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.160 99.3316 12/15/2022 10,000,000.00 9,933,160.00 10,000,000.00 (66,840.00) 3133EMLE0 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.190 96.2391 09/22/2023 10,000,000.00 9,623,910.00 10,000,000.00 (376,090.00) 3130AKKF2 FEDERAL HOME LOAN BANKS 0.270 94.2924 03/28/2024 10,000,000.00 9,429,240.00 10,000,000.00 (570,760.00) 3130AKL79 FEDERAL HOME LOAN BANKS 0.250 95.2431 12/28/2023 10,000,000.00 9,524,310.00 10,000,000.00 (475,690.00) 3134GXHH0 FEDERAL HOME LOAN MORTGAGE CORP 0.220 97.1472 06/30/2023 10,000,000.00 9,714,720.00 10,000,000.00 (285,280.00) 3136G43W1 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.320 94.3637 03/28/2024 10,000,000.00 9,436,370.00 10,000,000.00 (563,630.00) 3130ALEM2 FEDERAL HOME LOAN BANKS 0.790 88.9862 02/25/2026 10,000,000.00 8,898,620.00 10,000,000.00 (1,101,380.00) 3130ALGR9 FEDERAL HOME LOAN BANKS 0.850 89.1639 02/26/2026 10,000,000.00 8,916,390.00 10,000,000.00 (1,083,610.00) 3130ALH56 FEDERAL HOME LOAN BANKS 0.750 88.7090 03/18/2026 10,000,000.00 8,870,900.00 10,000,000.00 (1,129,100.00) 3130ALH56 FEDERAL HOME LOAN BANKS 0.750 88.7090 03/18/2026 10,000,000.00 8,870,900.00 10,000,000.00 (1,129,100.00) 3130ALHZ0 FEDERAL HOME LOAN BANKS 0.530 90.2707 06/18/2025 10,000,000.00 9,027,070.00 10,000,000.00 (972,930.00) 3133EMUP5 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.710 91.4248 04/01/2025 10,000,000.00 9,142,480.00 10,000,000.00 (857,520.00) 3133EMUP5 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.710 91.4248 04/01/2025 10,000,000.00 9,142,480.00 10,000,000.00 (857,520.00) 3130ALTJ3 FEDERAL HOME LOAN BANKS 0.375 94.3185 04/08/2024 10,000,000.00 9,431,850.00 10,000,000.00 (568,150.00) 3130ALNK6 FEDERAL HOME LOAN BANKS 0.625 91.2922 03/25/2025 10,000,000.00 9,129,220.00 10,000,000.00 (870,780.00) 3130ALU93 FEDERAL HOME LOAN BANKS 0.750 90.7257 06/30/2025 10,000,000.00 9,072,570.00 10,000,000.00 (927,430.00) 3133EMVD1 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.330 94.2876 04/05/2024 10,000,000.00 9,428,760.00 10,000,000.00 (571,240.00) 3133EMDM1 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.270 95.9838 10/20/2023 10,000,000.00 9,598,380.00 10,000,000.00 (401,620.00) 3133EMQ62 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.990 88.6517 07/13/2026 10,000,000.00 8,865,170.00 10,000,000.00 (1,134,830.00) 3133EMQ62 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.990 88.6517 07/13/2026 10,000,000.00 8,865,170.00 10,000,000.00 (1,134,830.00) 3130ANAJ9 FEDERAL HOME LOAN BANKS 1.000 88.5939 07/27/2026 10,000,000.00 8,859,390.00 10,000,000.00 (1,140,610.00) 3130ANE48 FEDERAL HOME LOAN BANKS 1.000 88.4501 08/17/2026 10,000,000.00 8,845,010.00 10,000,000.00 (1,154,990.00) 3130ANFD7 FEDERAL HOME LOAN BANKS 1.000 88.5287 08/05/2026 10,000,000.00 8,852,870.00 10,000,000.00 (1,147,130.00) 3130AMME9 FEDERAL HOME LOAN BANKS 1.000 89.0140 05/26/2026 10,000,000.00 8,901,400.00 10,000,000.00 (1,098,600.00) 3130ALHG2 FEDERAL HOME LOAN BANKS 0.750 88.7090 03/18/2026 10,000,000.00 8,870,900.00 10,000,000.00 (1,129,100.00) 3130ALN34 FEDERAL HOME LOAN BANKS 0.700 91.4758 03/24/2025 10,000,000.00 9,147,580.00 10,000,000.00 (852,420.00) 3130AKLB0 FEDERAL HOME LOAN BANKS 0.260 93.2485 06/28/2024 10,000,000.00 9,324,850.00 10,000,000.00 (675,150.00) 3134GWN44 FEDERAL HOME LOAN MORTGAGE CORP 0.450 92.8077 09/11/2024 10,000,000.00 9,280,770.00 10,000,000.00 (719,230.00) 3134GWR32 FEDERAL HOME LOAN MORTGAGE CORP 0.410 93.5419 06/24/2024 10,000,000.00 9,354,190.00 10,000,000.00 (645,810.00) 3134GVRV2 FEDERAL HOME LOAN MORTGAGE CORP 0.750 91.0152 05/27/2025 10,000,000.00 9,101,520.00 10,000,000.00 (898,480.00) 3134GXDG6 FEDERAL HOME LOAN MORTGAGE CORP 0.190 99.5236 11/23/2022 10,000,000.00 9,952,360.00 10,000,000.00 (47,640.00) 3130AN3R9 FEDERAL HOME LOAN BANKS 1.130 89.1056 07/20/2026 10,000,000.00 8,910,560.00 10,000,000.00 (1,089,440.00) 3130ALKL7 FEDERAL HOME LOAN BANKS 0.850 88.9982 03/25/2026 10,000,000.00 8,899,820.00 10,000,000.00 (1,100,180.00) 3136G43H4 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.400 92.6597 09/16/2024 10,000,000.00 9,265,970.00 10,000,000.00 (734,030.00) 3135GAAZ4 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.500 90.1392 06/24/2025 10,000,000.00 9,013,920.00 10,000,000.00 (986,080.00) 3130ALBX1 FEDERAL HOME LOAN BANKS 0.580 88.3511 02/23/2026 10,000,000.00 8,835,110.00 10,000,000.00 (1,164,890.00) 3130AMT69 FEDERAL HOME LOAN BANKS 1.070 89.0646 06/26/2026 10,000,000.00 8,906,460.00 10,000,000.00 (1,093,540.00) 3135GA3N9 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.300 95.7660 11/16/2023 10,000,000.00 9,576,600.00 10,000,000.00 (423,400.00) 3130ALKF0 FEDERAL HOME LOAN BANKS 0.625 91.2922 03/25/2025 10,000,000.00 9,129,220.00 10,000,000.00 (870,780.00) 3130ALKF0 FEDERAL HOME LOAN BANKS 0.625 91.2922 03/25/2025 10,000,000.00 9,129,220.00 10,000,000.00 (870,780.00) 3134GWP26 FEDERAL HOME LOAN MORTGAGE CORP 0.500 90.9724 03/28/2025 10,000,000.00 9,097,240.00 10,000,000.00 (902,760.00) 3134GWL79 FEDERAL HOME LOAN MORTGAGE CORP 0.400 92.7267 09/10/2024 10,000,000.00 9,272,670.00 10,000,000.00 (727,330.00) 3134GWL79 FEDERAL HOME LOAN MORTGAGE CORP 0.400 92.7267 09/10/2024 10,000,000.00 9,272,670.00 10,000,000.00 (727,330.00) 3130ANPF1 FEDERAL HOME LOAN BANKS 1.000 88.4015 08/25/2026 10,000,000.00 8,840,150.00 10,000,000.00 (1,159,850.00) 3130ANX88 FEDERAL HOME LOAN BANKS 0.500 92.7254 09/27/2024 10,000,000.00 9,272,540.00 10,000,000.00 (727,460.00) 3130ANYN4 FEDERAL HOME LOAN BANKS 1.000 88.1708 09/30/2026 10,000,000.00 8,817,080.00 10,000,000.00 (1,182,920.00) 3130ANMH0 FEDERAL HOME LOAN BANKS 1.100 88.7678 08/20/2026 10,000,000.00 8,876,780.00 10,000,000.00 (1,123,220.00) 3133ENEM8 FEDERAL FARM CREDIT BANKS FUNDING CORP 1.430 89.2712 11/23/2026 10,000,000.00 8,927,120.00 10,000,000.00 (1,072,880.00) 3133ENGN4 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.970 93.0044 12/09/2024 10,000,000.00 9,300,440.00 10,000,000.00 (699,560.00) 3130AQRQ8 FEDERAL HOME LOAN BANKS 2.000 90.9922 02/25/2027 10,000,000.00 9,099,220.00 10,000,000.00 (900,780.00) 3130ARFS5 FEDERAL HOME LOAN BANKS 2.000 96.7501 03/28/2024 10,000,000.00 9,675,010.00 10,000,000.00 (324,990.00) 3130ARHX2 FEDERAL HOME LOAN BANKS 3.000 94.1750 03/25/2027 10,000,000.00 9,417,500.00 10,000,000.00 (582,500.00) 3130ARHX2 FEDERAL HOME LOAN BANKS 3.000 94.1750 03/25/2027 10,000,000.00 9,417,500.00 10,000,000.00 (582,500.00) 3130ARHX2 FEDERAL HOME LOAN BANKS 3.000 94.1750 03/25/2027 10,000,000.00 9,417,500.00 10,000,000.00 (582,500.00) 3130ARPV7 FEDERAL HOME LOAN BANKS 3.500 95.5080 04/28/2027 10,000,000.00 9,550,800.00 10,000,000.00 (449,200.00) 3133ENUL2 FEDERAL FARM CREDIT BANKS FUNDING CORP 3.110 95.1282 04/13/2026 10,000,000.00 9,512,820.00 10,000,000.00 (487,180.00) 3133ENUS7 FEDERAL FARM CREDIT BANKS FUNDING CORP 2.580 97.3862 04/18/2024 10,000,000.00 9,738,620.00 10,000,000.00 (261,380.00) 3130ARSF9 FEDERAL HOME LOAN BANKS 3.000 94.1388 04/29/2027 10,000,000.00 9,413,880.00 10,000,000.00 (586,120.00) 3130ARSC6 FEDERAL HOME LOAN BANKS 2.900 95.9564 05/29/2025 10,000,000.00 9,595,640.00 10,000,000.00 (404,360.00) 3130ARUF6 FEDERAL HOME LOAN BANKS 3.125 94.9798 10/29/2026 10,000,000.00 9,497,980.00 10,000,000.00 (502,020.00) 3130AS3F4 FEDERAL HOME LOAN BANKS 3.770 96.3204 05/26/2027 10,000,000.00 9,632,040.00 10,000,000.00 (367,960.00) 3130AS5B1 FEDERAL HOME LOAN BANKS 2.201 98.7546 06/09/2023 10,000,000.00 9,875,460.00 10,000,000.00 (124,540.00) 3130AS4G1 FEDERAL HOME LOAN BANKS 2.289 98.7024 06/09/2023 10,000,000.00 9,870,240.00 10,000,000.00 (129,760.00) 3130AS4T3 FEDERAL HOME LOAN BANKS 2.325 98.7083 06/12/2023 10,000,000.00 9,870,830.00 10,000,000.00 (129,170.00) 3134GXVS0 FEDERAL HOME LOAN MORTGAGE CORP 2.900 97.5114 06/21/2024 10,000,000.00 9,751,140.00 10,000,000.00 (248,860.00) 3130ASDV8 FEDERAL HOME LOAN BANKS 3.300 95.0285 06/28/2027 10,000,000.00 9,502,850.00 10,000,000.00 (497,150.00) 3134GXZW7 FEDERAL HOME LOAN MORTGAGE CORP 4.250 97.8740 06/30/2027 10,000,000.00 9,787,400.00 10,000,000.00 (212,600.00) 3134GXYR9 FEDERAL HOME LOAN MORTGAGE CORP 3.560 97.1027 06/27/2025 10,000,000.00 9,710,270.00 10,000,000.00 (289,730.00) 3133END80 FEDERAL FARM CREDIT BANKS FUNDING CORP 2.873 95.6475 08/03/2026 10,000,000.00 9,564,750.00 10,045,677.76 (480,927.76) 3135G0X24 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.098 94.1913 01/07/2025 10,000,000.00 9,419,130.00 10,116,973.35 (697,843.35) 3130ASGU7 FEDERAL HOME LOAN BANKS 3.095 97.0812 06/11/2027 10,000,000.00 9,708,120.00 10,175,030.55 (466,910.55) 3133ENUS7 FEDERAL FARM CREDIT BANKS FUNDING CORP 2.721 97.3862 04/18/2024 10,520,000.00 10,245,028.24 10,497,772.49 (252,744.25) 3134GXCA0 FEDERAL HOME LOAN MORTGAGE CORP 0.328 95.7062 11/24/2023 10,710,000.00 10,250,134.02 10,708,965.79 (458,831.77) 3130AQKM4 FEDERAL HOME LOAN BANKS 1.750 90.2179 01/28/2027 11,250,000.00 10,149,513.75 11,250,000.00 (1,100,486.25) 313382AX1 FEDERAL HOME LOAN BANKS 2.691 99.2656 03/10/2023 11,750,000.00 11,663,708.00 11,721,628.26 (57,920.26) 3133EMLR1 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.506 88.6764 12/23/2025 12,430,000.00 11,022,476.52 12,427,588.92 (1,405,112.40) 3130ATFA0 FEDERAL HOME LOAN BANKS 5.125 99.5787 09/30/2027 13,000,000.00 12,945,231.00 13,000,000.00 (54,769.00) 3134GW6C5 FEDERAL HOME LOAN MORTGAGE CORP 3.122 87.2685 10/28/2026 15,000,000.00 13,090,275.00 13,685,279.11 (595,004.11) 3130ANMH0 FEDERAL HOME LOAN BANKS 3.132 88.7678 08/20/2026 15,000,000.00 13,315,170.00 13,895,371.95 (580,201.95) 3135G06G3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.573 89.0686 11/07/2025 14,000,000.00 12,469,604.00 13,968,796.43 (1,499,192.43) 3130ALED2 FEDERAL HOME LOAN BANKS 2.050 87.3214 02/24/2027 15,000,000.00 13,098,210.00 14,357,466.06 (1,259,256.06) 3130ALGJ7 FEDERAL HOME LOAN BANKS 1.000 89.4481 03/23/2026 14,625,000.00 13,081,784.63 14,625,000.00 (1,543,215.38) 3130ALGJ7 FEDERAL HOME LOAN BANKS 1.000 89.4481 03/23/2026 14,625,000.00 13,081,784.63 14,625,000.00 (1,543,215.38) 3134GWZV1 FEDERAL HOME LOAN MORTGAGE CORP 1.238 89.5121 10/22/2025 15,000,000.00 13,426,815.00 14,737,278.05 (1,310,463.05) 3130ALDX9 FEDERAL HOME LOAN BANKS 0.500 90.4330 05/23/2025 14,750,000.00 13,338,867.50 14,750,000.00 (1,411,132.50) 3136G4XR9 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.740 90.6385 07/07/2025 14,900,000.00 13,505,136.50 14,900,000.00 (1,394,863.50) 3133ENQ29 FEDERAL FARM CREDIT BANKS FUNDING CORP 4.122 99.2980 09/29/2027 15,000,000.00 14,894,700.00 14,918,414.46 (23,714.46) 3130ALEY6 FEDERAL HOME LOAN BANKS 3.157 88.9683 03/04/2026 16,160,000.00 14,377,277.28 14,935,790.36 (558,513.08) 3130ALLP7 FEDERAL HOME LOAN BANKS 0.688 91.4243 03/17/2025 15,000,000.00 13,713,645.00 14,986,084.02 (1,272,439.02) 3130AKKP0 FEDERAL HOME LOAN BANKS 0.235 95.2349 12/22/2023 15,000,000.00 14,285,235.00 14,991,770.68 (706,535.68) 3133EMLT7 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.235 95.1955 12/28/2023 15,000,000.00 14,279,325.00 14,995,332.25 (716,007.25) 3134GXBL7 FEDERAL HOME LOAN MORTGAGE CORP 0.325 95.7660 11/16/2023 15,000,000.00 14,364,900.00 14,995,772.53 (630,872.53) 3134GVB31 FEDERAL HOME LOAN MORTGAGE CORP 0.760 91.0068 05/28/2025 15,000,000.00 13,651,020.00 14,995,999.95 (1,344,979.95) 3130AKKF2 FEDERAL HOME LOAN BANKS 0.279 94.2924 03/28/2024 15,000,000.00 14,143,860.00 14,997,930.36 (854,070.36) 3134GVE95 FEDERAL HOME LOAN MORTGAGE CORP 0.650 90.7253 06/09/2025 15,000,000.00 13,608,795.00 15,000,000.00 (1,391,205.00) 261 3136G4YU1 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.730 90.5440 07/15/2025 15,000,000.00 13,581,600.00 15,000,000.00 (1,418,400.00) 3134GWET9 FEDERAL HOME LOAN MORTGAGE CORP 0.510 91.6059 01/29/2025 15,000,000.00 13,740,885.00 15,000,000.00 (1,259,115.00) 3136G4C27 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.700 90.3456 07/29/2025 15,000,000.00 13,551,840.00 15,000,000.00 (1,448,160.00) 3136G4B77 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.700 90.2920 08/04/2025 15,000,000.00 13,543,800.00 15,000,000.00 (1,456,200.00) 3136G4H63 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.550 89.7621 08/19/2025 15,000,000.00 13,464,315.00 15,000,000.00 (1,535,685.00) 3136G4J38 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.410 93.0364 08/12/2024 15,000,000.00 13,955,460.00 15,000,000.00 (1,044,540.00) 3136G4K51 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.310 96.7137 08/17/2023 15,000,000.00 14,507,055.00 15,000,000.00 (492,945.00) 3134GWL38 FEDERAL HOME LOAN MORTGAGE CORP 0.540 89.5187 09/15/2025 15,000,000.00 13,427,805.00 15,000,000.00 (1,572,195.00) 3133EMKG6 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.200 97.2999 06/15/2023 15,000,000.00 14,594,985.00 15,000,000.00 (405,015.00) 3130AKKF2 FEDERAL HOME LOAN BANKS 0.270 94.2924 03/28/2024 15,000,000.00 14,143,860.00 15,000,000.00 (856,140.00) 3133EMLP5 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.320 91.5178 12/23/2024 15,000,000.00 13,727,670.00 15,000,000.00 (1,272,330.00) 3130ALEM2 FEDERAL HOME LOAN BANKS 0.790 88.9862 02/25/2026 15,000,000.00 13,347,930.00 15,000,000.00 (1,652,070.00) 3130AMKB7 FEDERAL HOME LOAN BANKS 1.050 89.1750 05/26/2026 15,000,000.00 13,376,250.00 15,000,000.00 (1,623,750.00) 3130AMWT5 FEDERAL HOME LOAN BANKS 1.050 88.9989 06/26/2026 15,000,000.00 13,349,835.00 15,000,000.00 (1,650,165.00) 3130ANAJ9 FEDERAL HOME LOAN BANKS 1.000 88.5939 07/27/2026 15,000,000.00 13,289,085.00 15,000,000.00 (1,710,915.00) 3134GWCM6 FEDERAL HOME LOAN MORTGAGE CORP 0.420 95.0673 01/24/2024 15,000,000.00 14,260,095.00 15,000,000.00 (739,905.00) 3130ALFW9 FEDERAL HOME LOAN BANKS 0.790 88.8317 03/18/2026 15,000,000.00 13,324,755.00 15,000,000.00 (1,675,245.00) 3130AMS52 FEDERAL HOME LOAN BANKS 1.000 88.9510 06/08/2026 15,000,000.00 13,342,650.00 15,000,000.00 (1,657,350.00) 3130AKLB0 FEDERAL HOME LOAN BANKS 0.260 93.2485 06/28/2024 15,000,000.00 13,987,275.00 15,000,000.00 (1,012,725.00) 3134GWAL0 FEDERAL HOME LOAN MORTGAGE CORP 0.500 94.2841 04/29/2024 15,000,000.00 14,142,615.00 15,000,000.00 (857,385.00) 3130ANBX7 FEDERAL HOME LOAN BANKS 1.000 88.6270 07/22/2026 15,000,000.00 13,294,050.00 15,000,000.00 (1,705,950.00) 3130AN3B4 FEDERAL HOME LOAN BANKS 1.020 88.8308 07/06/2026 15,000,000.00 13,324,620.00 15,000,000.00 (1,675,380.00) 3135GA3Z2 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.600 89.1998 11/25/2025 15,000,000.00 13,379,970.00 15,000,000.00 (1,620,030.00) 3135GA4R9 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.420 92.9308 08/23/2024 15,000,000.00 13,939,620.00 15,000,000.00 (1,060,380.00) 3134GWT22 FEDERAL HOME LOAN MORTGAGE CORP 0.475 90.9527 03/24/2025 15,000,000.00 13,642,905.00 15,000,000.00 (1,357,095.00) 3130ALWL4 FEDERAL HOME LOAN BANKS 0.720 91.3872 04/08/2025 15,000,000.00 13,708,080.00 15,000,000.00 (1,291,920.00) 3130ANSC5 FEDERAL HOME LOAN BANKS 1.000 88.3921 08/26/2026 15,000,000.00 13,258,815.00 15,000,000.00 (1,741,185.00) 3130ANTS9 FEDERAL HOME LOAN BANKS 1.000 88.3951 08/26/2026 15,000,000.00 13,259,265.00 15,000,000.00 (1,740,735.00) 3130AP5M3 FEDERAL HOME LOAN BANKS 1.040 88.3120 09/28/2026 15,000,000.00 13,246,800.00 15,000,000.00 (1,753,200.00) 3130APAD7 FEDERAL HOME LOAN BANKS 1.035 88.3458 09/28/2026 15,000,000.00 13,251,870.00 15,000,000.00 (1,748,130.00) 3130ASH44 FEDERAL HOME LOAN BANKS 4.700 98.7597 06/30/2027 15,000,000.00 14,813,955.00 15,000,000.00 (186,045.00) 3134GXVM3 FEDERAL HOME LOAN MORTGAGE CORP 3.001 97.2144 09/23/2024 15,000,000.00 14,582,160.00 15,000,000.00 (417,840.00) 3130ATEZ6 FEDERAL HOME LOAN BANKS 4.200 99.8518 09/20/2023 15,000,000.00 14,977,770.00 15,000,000.00 (22,230.00) 3130ATEF0 FEDERAL HOME LOAN BANKS 4.250 97.7045 09/30/2027 15,000,000.00 14,655,675.00 15,000,000.00 (344,325.00) 3133EL3E2 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.320 96.7870 08/10/2023 15,945,000.00 15,432,687.15 15,945,000.00 (512,312.85) 3130ALGJ7 FEDERAL HOME LOAN BANKS 3.010 89.4481 03/23/2026 19,500,000.00 17,442,379.50 18,222,544.54 (780,165.04) 3134GW4C7 FEDERAL HOME LOAN MORTGAGE CORP 3.092 87.2750 10/27/2026 20,000,000.00 17,455,000.00 18,262,791.06 (807,791.06) 3134GW4C7 FEDERAL HOME LOAN MORTGAGE CORP 3.046 87.2750 10/27/2026 20,000,000.00 17,455,000.00 18,303,155.72 (848,155.72) 3130ALED2 FEDERAL HOME LOAN BANKS 3.001 87.3214 02/24/2027 20,000,000.00 17,464,280.00 18,384,344.70 (920,064.70) 3130ALGJ7 FEDERAL HOME LOAN BANKS 1.000 89.4481 03/23/2026 19,500,000.00 17,442,379.50 19,500,000.00 (2,057,620.50) 3130ALGJ7 FEDERAL HOME LOAN BANKS 1.000 89.4481 03/23/2026 19,500,000.00 17,442,379.50 19,500,000.00 (2,057,620.50) 3130APXH3 FEDERAL HOME LOAN BANKS 2.589 96.2086 11/27/2023 20,000,000.00 19,241,720.00 19,597,985.43 (356,265.43) 3130AQHS5 FEDERAL HOME LOAN BANKS 2.086 90.0368 01/28/2027 20,000,000.00 18,007,360.00 19,683,824.35 (1,676,464.35) 3133ENRR3 FEDERAL FARM CREDIT BANKS FUNDING CORP 1.764 96.2188 03/14/2024 20,000,000.00 19,243,760.00 19,960,558.14 (716,798.14) 3130APBH7 FEDERAL HOME LOAN BANKS 0.590 92.8253 09/30/2024 20,000,000.00 18,565,060.00 19,992,007.30 (1,426,947.30) 3133EMKW1 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.235 95.2689 12/21/2023 20,000,000.00 19,053,780.00 19,993,866.83 (940,086.83) 3130APWW1 FEDERAL HOME LOAN BANKS 1.503 89.5217 11/24/2026 20,000,000.00 17,904,340.00 19,997,501.37 (2,093,161.37) 3130ATET0 FEDERAL HOME LOAN BANKS 3.702 97.9607 09/27/2027 20,000,000.00 19,592,140.00 19,998,004.38 (405,864.38) 3135GA4P3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.650 89.3740 11/18/2025 20,000,000.00 17,874,800.00 20,000,000.00 (2,125,200.00) 3135GA5A5 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0.350 94.7572 02/23/2024 20,000,000.00 18,951,440.00 20,000,000.00 (1,048,560.00) 3130ATBH9 FEDERAL HOME LOAN BANKS 3.700 99.4945 09/27/2023 20,000,000.00 19,898,900.00 20,000,000.00 (101,100.00) 3133ENC99 FEDERAL FARM CREDIT BANKS FUNDING CORP 3.629 96.6266 07/27/2026 20,000,000.00 19,325,320.00 20,049,421.49 (724,101.49) 3130ALCV4 FEDERAL HOME LOAN BANKS 2.112 88.8701 02/24/2026 25,000,000.00 22,217,525.00 23,896,501.04 (1,678,976.04) 3130AQF57 FEDERAL HOME LOAN BANKS 0.736 95.6344 12/22/2023 25,000,000.00 23,908,600.00 24,966,321.92 (1,057,721.92) 3130ALLP7 FEDERAL HOME LOAN BANKS 0.701 91.4243 03/17/2025 25,000,000.00 22,856,075.00 24,968,774.73 (2,112,699.73) 3133EMTW2 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.307 94.3385 03/18/2024 25,000,000.00 23,584,625.00 24,997,386.20 (1,412,761.20) 3133EMML3 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.125 99.0165 01/12/2023 25,000,000.00 24,754,125.00 24,999,638.71 (245,513.71) 3130ALTH7 FEDERAL HOME LOAN BANKS 0.510 92.7119 09/30/2024 25,000,000.00 23,177,975.00 25,000,000.00 (1,822,025.00) 3130ALEH3 FEDERAL HOME LOAN BANKS 0.700 88.5638 03/16/2026 25,000,000.00 22,140,950.00 25,000,000.00 (2,859,050.00) 3130AQ6U2 FEDERAL HOME LOAN BANKS 1.000 94.4737 06/28/2024 25,000,000.00 23,618,425.00 25,000,000.00 (1,381,575.00) 3130AQAY9 FEDERAL HOME LOAN BANKS 1.500 89.3194 12/30/2026 25,000,000.00 22,329,850.00 25,000,000.00 (2,670,150.00) 3130ASKB4 FEDERAL HOME LOAN BANKS 3.350 98.9114 12/29/2023 25,000,000.00 24,727,850.00 25,000,000.00 (272,150.00) 3130ASLE7 FEDERAL HOME LOAN BANKS 3.203 99.0608 09/29/2023 25,000,000.00 24,765,200.00 25,000,000.00 (234,800.00) 3130ATEU7 FEDERAL HOME LOAN BANKS 4.017 99.9030 06/29/2023 25,000,000.00 24,975,750.00 25,000,000.00 (24,250.00) 3135G0U43 FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.345 98.7508 09/12/2023 30,000,000.00 29,625,240.00 30,145,540.27 (520,300.27) 3133ENEW6 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.457 97.6982 05/23/2023 50,000,000.00 48,849,100.00 49,973,783.33 (1,124,683.33) 3130AQAQ6 FEDERAL HOME LOAN BANKS 0.500 97.3706 06/30/2023 50,000,000.00 48,685,300.00 50,000,000.00 (1,314,700.00) 3130AQ7C1 FEDERAL HOME LOAN BANKS 0.500 97.3706 06/30/2023 50,000,000.00 48,685,300.00 50,000,000.00 (1,314,700.00) 3130ATES2 FEDERAL HOME LOAN BANKS 4.200 99.8557 09/29/2023 50,000,000.00 49,927,850.00 50,000,000.00 (72,150.00) ------1.379 93.0856 04/19/2025 3,417,555,250.00 3,180,488,118.61 3,400,520,471.37 (220,032,352.75) Agency AGCY DISC Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss 313385R24 FEDERAL HOME LOAN BANKS 1.552 99.5093 11/28/2022 15,000,000.00 14,926,395.00 14,962,783.33 (36,388.33) 313384FY0 FEDERAL HOME LOAN BANKS 2.035 97.4359 05/23/2023 17,189,000.00 16,748,256.85 16,964,984.36 (216,727.51) 313384BG3 FEDERAL HOME LOAN BANKS 2.484 98.8129 01/31/2023 20,000,000.00 19,762,580.00 19,833,944.44 (71,364.44) 313384BB4 FEDERAL HOME LOAN BANKS 2.484 98.8722 01/26/2023 20,000,000.00 19,774,440.00 19,840,750.00 (66,310.00) 313313M70 FEDERAL FARM CREDIT BANKS FUNDING CORP 0.401 99.7598 11/01/2022 20,000,000.00 19,951,960.00 19,993,111.11 (41,151.11) 313384LC1 FEDERAL HOME LOAN BANKS 4.121 96.2084 08/31/2023 25,000,000.00 24,052,100.00 24,072,222.23 (20,122.23) 313384FQ7 FEDERAL HOME LOAN BANKS 3.969 97.5306 05/15/2023 25,000,000.00 24,382,650.00 24,391,055.56 (8,405.56) 313384FM6 FEDERAL HOME LOAN BANKS 3.938 97.5700 05/12/2023 25,000,000.00 24,392,500.00 24,403,784.72 (11,284.72) 313384DJ5 FEDERAL HOME LOAN BANKS 3.102 98.1837 03/22/2023 25,000,000.00 24,545,925.00 24,635,694.44 (89,769.44) 313384EG0 FEDERAL HOME LOAN BANKS 1.722 97.9160 04/13/2023 25,000,000.00 24,479,000.00 24,770,972.22 (291,972.22) 313384AC3 FEDERAL HOME LOAN BANKS 1.433 99.1315 01/03/2023 25,000,000.00 24,782,875.00 24,907,305.56 (124,430.56) 313385P67 FEDERAL HOME LOAN BANKS 1.511 99.6256 11/16/2022 25,000,000.00 24,906,400.00 24,952,083.33 (45,683.33) 313385M60 FEDERAL HOME LOAN BANKS 1.379 99.7720 10/31/2022 25,000,000.00 24,943,000.00 24,971,458.33 (28,458.33) 313385M60 FEDERAL HOME LOAN BANKS 1.359 99.7720 10/31/2022 25,000,000.00 24,943,000.00 24,971,875.00 (28,875.00) 313385K88 FEDERAL HOME LOAN BANKS 1.358 99.8872 10/17/2022 25,000,000.00 24,971,800.00 24,985,000.00 (13,200.00) 31315LM62 FEDERAL AGRICULTURAL MORTGAGE CORP 1.228 99.7681 10/31/2022 40,000,000.00 39,907,240.00 39,959,333.33 (52,093.33) 313384FM6 FEDERAL HOME LOAN BANKS 3.938 97.5700 05/12/2023 50,000,000.00 48,785,000.00 48,807,569.45 (22,569.45) 313384FT1 FEDERAL HOME LOAN BANKS 2.061 97.4976 05/18/2023 50,000,000.00 48,748,800.00 49,354,347.22 (605,547.22) 313384BA6 FEDERAL HOME LOAN BANKS 1.474 98.8852 01/25/2023 50,000,000.00 49,442,600.00 49,764,777.87 (322,177.87) 313384AS8 FEDERAL HOME LOAN BANKS 1.464 98.9754 01/17/2023 50,000,000.00 49,487,700.00 49,782,500.00 (294,800.00) ------2.152 98.5915 02/14/2023 582,189,000.00 573,934,221.85 576,325,552.50 (2,391,330.65) Agency CMO FHLMC CMO Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss 3137B1UG5 FHMS K-027 A2 3.419 99.7092 01/25/2023 52,530,939.22 52,378,172.94 52,375,147.79 3,025.15 3137B1UG5 FHMS K-027 A2 3.419 99.7092 01/25/2023 52,530,939.22 52,378,172.94 52,375,147.79 3,025.15 Agency CMO FNMA CMO 262 Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss 3136AW7J0 FNA 2017-M8 A2 3.406 94.8609 05/25/2027 13,833,651.90 13,122,721.99 13,683,985.32 (561,263.33) 3136AW7J0 FNA 2017-M8 A2 3.406 94.8609 05/25/2027 13,833,651.90 13,122,721.99 13,683,985.32 (561,263.33) Agency MBS FHLMC Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss 3137BXQY1 FHMS K-064 A2 3.154 94.8228 03/25/2027 1,000,000.00 948,227.71 1,001,627.72 (53,400.01) 3137FNWX4 FHMS K-736 A2 3.655 92.0309 07/25/2026 10,000,000.00 9,203,088.70 9,537,677.10 (334,588.40) 3137F2LJ3 FHMS K-066 A2 3.111 94.2024 06/25/2027 11,095,000.00 10,451,750.84 11,084,946.54 (633,195.69) 3137FMU67 FHMS K-735 A2 3.518 94.4941 05/25/2026 14,966,810.70 14,142,746.48 14,638,765.73 (496,019.25) 3137B36J2 FHMS K-029 A2 3.287 99.6553 02/25/2023 17,066,491.16 17,007,670.47 17,045,784.30 (38,113.83) 3137B4WB8 FHMS K-033 A2 3.422 98.9896 07/25/2023 19,620,000.00 19,421,751.28 19,543,042.24 (121,290.96) 3137B3NX2 FHMS K-031 A2 3.494 99.3473 04/25/2023 24,099,067.75 23,941,773.62 24,033,723.55 (91,949.94) 3137B36J2 FHMS K-029 A2 3.660 99.6553 02/25/2023 24,733,842.67 24,648,596.00 24,659,347.09 (10,751.09) 3137B5KW2 FHMS K-035 A2 3.667 99.2257 08/25/2023 24,793,268.50 24,601,301.66 24,705,763.07 (104,461.41) 3137B5JM6 FHMS K-034 A2 3.499 99.2423 07/25/2023 25,000,000.00 24,810,565.50 24,959,650.94 (149,085.44) ------3.499 98.1665 02/15/2024 172,374,480.78 169,177,472.27 171,210,328.28 (2,032,856.01) Agency MBS FNMA Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss 3138LEGR6 FN AN2007 3.059 97.8247 07/01/2023 5,019,463.48 4,910,272.93 4,979,855.72 (69,582.79) 3138LHZL1 FN AN5246 3.365 94.7793 05/01/2027 7,100,000.00 6,729,326.89 7,068,797.95 (339,471.06) 3138LCH81 FN AN0254 3.738 95.2492 12/01/2025 7,490,333.28 7,134,484.77 7,359,985.20 (225,500.43) 3138LENE7 FN AN2188 3.543 92.9597 07/01/2026 10,000,000.00 9,295,965.80 9,823,301.08 (527,335.28) 3138LCHR9 FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.939 95.2492 12/01/2025 14,321,860.80 13,641,462.13 14,309,780.90 (668,318.77) 3138LD5W9 FN AN1760 4.176 93.3778 06/01/2026 15,000,000.00 14,006,674.65 14,614,483.05 (607,808.40) 3138LHUZ5 FN AN5099 3.076 94.3070 04/01/2027 24,442,806.00 23,051,286.10 24,420,685.21 (1,369,399.11) ------3.385 94.4821 06/11/2026 83,374,463.55 78,769,473.28 82,576,889.11 (3,807,415.84) CD CD Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss 89114WNL5 Toronto-Dominion Bank - New York Branch 0.440 100.0000 11/22/2022 15,000,000.00 15,000,000.00 15,000,000.00 0.00 89114WPN9 Toronto-Dominion Bank - New York Branch 0.800 100.0000 01/20/2023 20,000,000.00 20,000,000.00 20,000,000.00 0.00 89114WVA0 Toronto-Dominion Bank - New York Branch 2.200 100.0000 03/20/2023 20,000,000.00 20,000,000.00 20,000,000.00 0.00 89115B6S4 Toronto-Dominion Bank - New York Branch 3.850 100.0000 05/15/2023 20,000,000.00 20,000,000.00 20,000,000.00 0.00 78012U2T1 Royal Bank of Canada New York Branch 0.500 100.0000 11/21/2022 25,000,000.00 25,000,000.00 25,000,000.00 0.00 78012U3E3 Royal Bank of Canada New York Branch 0.800 100.0000 01/24/2023 25,000,000.00 25,000,000.00 25,000,000.00 0.00 89114WPS8 Toronto-Dominion Bank - New York Branch 0.810 100.0000 01/25/2023 25,000,000.00 25,000,000.00 25,000,000.00 0.00 78012U4P7 Royal Bank of Canada New York Branch 1.800 100.0000 01/23/2023 25,000,000.00 25,000,000.00 25,000,000.00 0.00 78012U4U6 Royal Bank of Canada New York Branch 1.830 100.0000 01/03/2023 25,000,000.00 25,000,000.00 25,000,000.00 0.00 78012U5A9 Royal Bank of Canada New York Branch 2.050 100.0000 02/13/2023 25,000,000.00 25,000,000.00 25,000,000.00 0.00 78012U5E1 Royal Bank of Canada New York Branch 2.000 100.0000 01/18/2023 25,000,000.00 25,000,000.00 25,000,000.00 0.00 89114WXR1 Toronto-Dominion Bank - New York Branch 1.308 100.0000 05/22/2023 25,000,000.00 25,000,000.00 25,000,000.00 0.00 78012U6X8 Royal Bank of Canada New York Branch 3.710 100.0000 06/22/2023 25,000,000.00 25,000,000.00 25,000,000.00 0.00 89114WNE1 Toronto-Dominion Bank - New York Branch 0.430 100.0000 11/21/2022 30,000,000.00 30,000,000.00 30,000,000.00 0.00 21684XVQ6 Rabobank Nederland - New York Branch 1.720 100.0000 11/21/2022 30,000,000.00 30,000,000.00 30,000,000.00 0.00 78012U4T9 Royal Bank of Canada New York Branch 1.870 100.0000 01/25/2023 35,000,000.00 35,000,000.00 35,000,000.00 0.00 78012U5F8 Royal Bank of Canada New York Branch 2.220 100.0000 03/20/2023 35,000,000.00 35,000,000.00 35,000,000.00 0.00 21684XWU6 Rabobank Nederland - New York Branch 1.760 100.0000 11/16/2022 40,000,000.00 40,000,000.00 40,000,000.00 0.00 89114WJP1 Toronto-Dominion Bank - New York Branch 0.300 100.0000 10/27/2022 45,000,000.00 45,000,000.00 45,000,000.00 0.00 78012UZ40 Royal Bank of Canada New York Branch 0.340 100.0000 10/18/2022 50,000,000.00 50,000,000.00 50,000,000.00 0.00 78012UZ57 Royal Bank of Canada New York Branch 0.380 100.0000 11/17/2022 50,000,000.00 50,000,000.00 50,000,000.00 0.00 06367CTN7 Bank of Montreal - Chicago Branch 1.640 100.0000 11/30/2022 50,000,000.00 50,000,000.00 50,000,000.00 0.00 06417MXK6 Bank of Nova Scotia - Houston Branch 0.700 100.0000 01/03/2023 50,000,000.00 50,000,000.00 50,000,000.00 0.00 21684XXJ0 Rabobank Nederland - New York Branch 2.450 100.0000 02/13/2023 50,000,000.00 50,000,000.00 50,000,000.00 0.00 06367CVY0 Bank of Montreal - Chicago Branch 3.060 100.0000 01/23/2023 50,000,000.00 50,000,000.00 50,000,000.00 0.00 23344NXN1 DNB Bank ASA - New York Branch 2.100 100.0000 10/05/2022 50,000,000.00 50,000,000.00 50,000,000.00 0.00 23344NXW1 DNB Bank ASA - New York Branch 2.180 100.0000 10/05/2022 50,000,000.00 50,000,000.00 50,000,000.00 0.00 06367CWS2 Bank of Montreal - Chicago Branch 3.330 100.0000 02/17/2023 50,000,000.00 50,000,000.00 50,000,000.00 0.00 89115B6E5 Toronto-Dominion Bank - New York Branch 3.210 100.0000 01/09/2023 50,000,000.00 50,000,000.00 50,000,000.00 0.00 06417MA21 Bank of Nova Scotia - Houston Branch 3.400 100.0000 01/23/2023 50,000,000.00 50,000,000.00 50,000,000.00 0.00 06417MB46 Bank of Nova Scotia - Houston Branch 3.400 100.0000 02/28/2023 50,000,000.00 50,000,000.00 50,000,000.00 0.00 23344NZP4 DNB Bank ASA - New York Branch 2.470 100.0000 10/11/2022 50,000,000.00 50,000,000.00 50,000,000.00 0.00 65558UXB3 Nordea ABP - New York Branch 4.150 100.0000 03/28/2023 50,000,000.00 50,000,000.00 50,000,000.00 0.00 89115BWW6 Toronto-Dominion Bank - New York Branch 4.760 100.0000 08/31/2023 50,000,000.00 50,000,000.00 50,000,000.00 0.00 86959RF88 Svenska Handels AB Publ - New York Branch 3.515 100.0041 02/27/2023 50,000,000.00 50,002,033.70 50,002,033.70 0.00 89114WKA2 Toronto-Dominion Bank - New York Branch 0.310 100.0000 11/03/2022 55,000,000.00 55,000,000.00 55,000,000.00 0.00 89114WMP7 Toronto-Dominion Bank - New York Branch 0.430 100.0000 11/10/2022 75,000,000.00 75,000,000.00 75,000,000.00 0.00 78012U2K0 Royal Bank of Canada New York Branch 0.450 100.0000 11/08/2022 75,000,000.00 75,000,000.00 75,000,000.00 0.00 86959RH52 Svenska Handels AB Publ - New York Branch 4.200 100.0000 03/17/2023 75,000,000.00 75,000,000.00 75,000,000.00 0.00 21684XZA7 Rabobank Nederland - New York Branch 3.880 100.0000 05/26/2023 100,000,000.00 100,000,000.00 100,000,000.00 0.00 ------2.151 100.0001 01/18/2023 1,695,000,000.00 1,695,002,033.70 1,695,002,033.70 0.00 CP CP Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss 03785EKD5 Apple Inc.2.721 99.9083 10/13/2022 17,966,000.00 17,949,531.17 17,949,830.60 (299.43) 7426M5Q31 Private Export Funding Corporation 3.274 98.6315 03/03/2023 25,000,000.00 24,657,875.00 24,657,875.00 0.00 02314QP78 Amazon.com, Inc.2.792 99.0146 02/07/2023 25,000,000.00 24,753,645.84 24,753,645.83 0.00 02314QP78 Amazon.com, Inc.2.791 99.0146 02/07/2023 25,000,000.00 24,753,645.84 24,753,645.84 0.00 63763QLP0 National Securities Clearing Corporation 3.184 99.5363 11/23/2022 25,000,000.00 24,884,062.50 24,884,062.50 0.00 7426M5NP5 Private Export Funding Corporation 1.454 99.5440 01/23/2023 25,000,000.00 24,886,000.00 24,886,000.00 0.00 63763QLE5 National Securities Clearing Corporation 3.263 99.6052 11/14/2022 25,000,000.00 24,901,305.56 24,901,305.56 0.00 7426M5KX1 Private Export Funding Corporation 2.524 99.7917 10/31/2022 25,000,000.00 24,947,916.67 24,947,916.67 0.00 7426M3L23 Private Export Funding Corporation 1.551 99.8631 11/02/2022 25,000,000.00 24,965,777.78 24,965,777.78 0.00 03785EKD5 Apple Inc.2.721 99.9083 10/13/2022 25,000,000.00 24,977,083.33 24,977,500.00 (416.67) 03785EKD5 Apple Inc.2.721 99.9083 10/13/2022 25,000,000.00 24,977,083.33 24,977,500.00 (416.67) 46640QPH8 J.P. Morgan Securities LLC 3.563 98.6486 02/17/2023 27,000,000.00 26,635,125.00 26,635,125.00 0.00 46640QNL1 J.P. Morgan Securities LLC 2.200 99.3309 01/20/2023 30,000,000.00 29,799,275.00 29,799,275.00 0.00 63763QKX4 National Securities Clearing Corporation 2.674 99.7792 10/31/2022 30,000,000.00 29,933,750.00 29,933,750.00 0.00 77119MKB2 Roche Holdings, Inc.2.700 99.9256 10/11/2022 30,000,000.00 29,977,666.67 29,977,666.67 0.00 63763QKX4 National Securities Clearing Corporation 0.905 99.7792 10/31/2022 40,000,000.00 39,911,666.66 39,970,000.00 (58,333.34) 02314QK57 Amazon.com, Inc.1.026 99.9887 10/05/2022 40,000,000.00 39,995,466.67 39,995,466.67 0.00 46640QSA0 J.P. Morgan Securities LLC 4.377 97.3787 05/10/2023 50,000,000.00 48,689,347.23 48,689,347.23 0.00 46640QSW2 J.P. Morgan Securities LLC 3.956 97.4159 05/30/2023 50,000,000.00 48,707,972.22 48,707,972.22 0.00 63763QN94 National Securities Clearing Corporation 3.590 99.0167 01/09/2023 50,000,000.00 49,508,333.34 49,508,333.34 0.00 63763QL96 National Securities Clearing Corporation 3.131 99.6642 11/09/2022 50,000,000.00 49,832,083.34 49,832,083.34 0.00 63763QKJ5 National Securities Clearing Corporation 2.491 99.8834 10/18/2022 50,000,000.00 49,941,680.55 49,941,680.55 0.00 03785EKQ6 Apple Inc.1.592 99.8991 10/24/2022 50,000,000.00 49,949,527.78 49,949,527.78 0.00 263 46640QKH3 J.P. Morgan Securities LLC 1.006 99.9556 10/17/2022 50,000,000.00 49,977,777.78 49,977,777.78 0.00 02314QKB4 Amazon.com, Inc.1.137 99.9686 10/11/2022 50,000,000.00 49,984,305.56 49,984,305.56 0.00 02314QKB4 Amazon.com, Inc.1.026 99.9686 10/11/2022 50,000,000.00 49,984,305.56 49,985,833.33 (1,527.78) 03785EKD5 Apple Inc.2.721 99.9083 10/13/2022 60,000,000.00 59,945,000.00 59,946,000.00 (1,000.00) 93114FKB9 Walmart Inc.2.782 99.9233 10/11/2022 82,100,000.00 82,037,056.67 82,037,056.67 0.00 03785EKD5 Apple Inc.2.772 99.9083 10/13/2022 100,000,000.00 99,908,333.33 99,908,333.33 0.00 ------2.493 99.5135 11/25/2022 1,157,066,000.00 1,151,372,600.35 1,151,434,594.22 (61,993.87) MM Fund MMFUND Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss 09248U700 BLKRK LQ:FEDFUND INSTL 2.770 1.0000 09/30/2022 1,000,000.00 1,000,000.00 1,000,000.00 0.00 949921126 ALLSPRING:GOVT MM SEL 2.780 1.0000 09/30/2022 1,000,000.00 1,000,000.00 1,000,000.00 0.00 608919718 FEDERATED HRMS GV O PRMR 2.870 1.0000 09/30/2022 1,000,000.00 1,000,000.00 1,000,000.00 0.00 31607A703 FIDELITY IMM:GOVT INSTL 2.810 1.0000 09/30/2022 1,000,000.00 1,000,000.00 1,000,000.00 0.00 4812CA538 JPMORGAN:US GVT MM EMPWR 2.730 1.0000 09/30/2022 1,000,000.00 1,000,000.00 1,000,000.00 0.00 48123X819 JPMORGAN:PRIME MM EMPWR 2.980 1.0003 09/30/2022 24,975,012.99 24,982,505.50 24,985,003.00 (2,497.50) 61747C707 MORG STAN I LQ:GV I 2.810 1.0000 09/30/2022 24,990,002.00 24,990,002.00 24,995,000.00 (4,998.00) 48123X819 JPMORGAN:PRIME MM EMPWR 2.980 1.0003 09/30/2022 24,985,007.00 24,992,502.50 24,995,001.00 (2,498.50) 48123X819 JPMORGAN:PRIME MM EMPWR 2.980 1.0003 09/30/2022 25,004,994.99 25,012,496.49 25,014,996.99 (2,500.50) 85749T517 SS INST INV:US GV MM OPP 2.910 1.0000 09/30/2022 76,000,000.00 76,000,000.00 76,000,000.00 0.00 85749T517 SS INST INV:US GV MM OPP 2.910 1.0000 09/30/2022 130,000,000.00 130,000,000.00 130,000,000.00 0.00 38141W273 GOLDMAN:FS GOVT INST 2.910 1.0000 09/30/2022 240,000,000.00 240,000,000.00 240,000,000.00 0.00 ------2.914 1.0000 09/30/2022 550,955,016.99 550,977,506.49 550,990,000.99 (12,494.50) Muni MUNI Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss 826239FX8 SIERRA CALIF JT CMNTY COLLEGE DIST 0.229 96.6670 08/01/2023 260,000.00 251,334.20 260,000.00 (8,665.80) 757710UR7 REDONDO BEACH CALIF UNI SCH DIST 1.222 97.6900 08/01/2023 260,000.00 253,994.00 260,000.00 (6,006.00) 074437HA5 BEAUMONT CALIF UNI SCH DIST 0.690 92.5680 08/01/2024 275,000.00 254,562.00 275,000.00 (20,438.00) 797508JT6 SAN DIEGUITO CALIF UN HIGH SCH DIST 0.275 96.7420 08/01/2023 425,000.00 411,153.50 425,000.00 (13,846.50) 826239FY6 SIERRA CALIF JT CMNTY COLLEGE DIST 0.344 92.6240 08/01/2024 500,000.00 463,120.00 500,000.00 (36,880.00) 799017XT0 SAN MATEO CALIF UN HIGH SCH DIST 0.256 96.2900 09/01/2023 500,000.00 481,450.00 500,000.00 (18,550.00) 074437HB3 BEAUMONT CALIF UNI SCH DIST 1.109 89.9430 08/01/2025 500,000.00 449,715.00 500,000.00 (50,285.00) 757710US5 REDONDO BEACH CALIF UNI SCH DIST 1.571 95.3360 08/01/2024 500,000.00 476,680.00 500,000.00 (23,320.00) 987388GU3 YOSEMITE CALIF CMNTY COLLEGE DIST 1.440 94.7540 08/01/2024 700,000.00 663,278.00 700,000.00 (36,722.00) 826239GH2 SIERRA CALIF JT CMNTY COLLEGE DIST 0.354 92.9720 08/01/2024 720,000.00 669,398.40 720,000.00 (50,601.60) 987388GT6 YOSEMITE CALIF CMNTY COLLEGE DIST 1.140 97.4400 08/01/2023 750,000.00 730,800.00 750,000.00 (19,200.00) 797508HV3 SAN DIEGUITO CALIF UN HIGH SCH DIST 0.275 96.7420 08/01/2023 1,000,000.00 967,420.00 1,000,000.00 (32,580.00) 802498YY5 SANTA MONICA-MALIBU UNI SCH DIST CALIF 0.396 93.2450 08/01/2024 1,000,000.00 932,450.00 1,000,000.00 (67,550.00) 802498YZ2 SANTA MONICA-MALIBU UNI SCH DIST CALIF 0.669 89.5780 08/01/2025 1,000,000.00 895,780.00 1,000,000.00 (104,220.00) 56781RKT3 MARIN CALIF CMNTY COLLEGE DIST 0.763 89.4740 08/01/2025 1,065,000.00 952,898.10 1,065,000.00 (112,101.90) 419792C95 HAWAII ST 0.247 100.0000 10/01/2022 2,305,000.00 2,305,000.00 2,305,000.00 0.00 419792D37 HAWAII ST 0.713 92.5340 10/01/2024 2,500,000.00 2,313,350.00 2,500,000.00 (186,650.00) 8014952P6 SANTA CLARA CALIF UNI SCH DIST 0.210 97.2250 07/01/2023 2,870,000.00 2,790,357.50 2,870,000.00 (79,642.50) 419792D29 HAWAII ST 0.422 96.0410 10/01/2023 3,260,000.00 3,130,936.60 3,260,000.00 (129,063.40) 419792D45 HAWAII ST 1.033 89.9310 10/01/2025 3,660,000.00 3,291,474.60 3,660,000.00 (368,525.40) 7994082E8 SAN RAMON VALLEY CALIF UNI SCH DIST 0.967 90.5700 08/01/2025 4,505,000.00 4,080,178.50 4,505,000.00 (424,821.50) 882724XJ1 TEXAS ST 0.508 96.4050 10/01/2023 4,745,000.00 4,574,417.25 4,745,000.00 (170,582.75) 882724XK8 TEXAS ST 0.794 93.3540 10/01/2024 5,810,000.00 5,423,867.40 5,810,000.00 (386,132.60) 419792F92 HAWAII ST 1.033 90.6270 08/01/2025 6,250,000.00 5,664,187.50 6,250,000.00 (585,812.50) 419792F84 HAWAII ST 0.713 93.2570 08/01/2024 9,000,000.00 8,393,130.00 9,000,000.00 (606,870.00) 419792A55 HAWAII ST 0.247 100.0000 10/01/2022 10,000,000.00 10,000,000.00 10,000,000.00 0.00 419792A71 HAWAII ST 0.713 92.5340 10/01/2024 10,000,000.00 9,253,400.00 10,000,000.00 (746,600.00) 419792A63 HAWAII ST 0.422 96.0410 10/01/2023 10,000,000.00 9,604,100.00 10,000,000.00 (395,900.00) 93974EYB6 WASHINGTON ST 3.350 97.0800 08/01/2025 10,065,000.00 9,771,102.00 10,065,000.00 (293,898.00) 419792A89 HAWAII ST 1.033 94.6720 10/01/2025 12,775,000.00 12,094,348.00 13,418,098.79 (1,323,750.79) 93974EYA8 WASHINGTON ST 3.350 98.1930 08/01/2024 13,475,000.00 13,231,506.75 13,475,000.00 (243,493.25) 93974ETF3 WASHINGTON ST 0.470 92.8450 08/01/2024 14,995,000.00 13,922,107.75 14,995,000.00 (1,072,892.25) 419792F76 HAWAII ST 0.422 96.8800 08/01/2023 15,000,000.00 14,532,000.00 15,000,000.00 (468,000.00) 93974EXZ4 WASHINGTON ST 3.250 99.2390 08/01/2023 18,840,000.00 18,696,627.60 18,840,000.00 (143,372.40) 93974EYC4 WASHINGTON ST 3.370 95.9840 08/01/2026 20,825,000.00 19,988,668.00 20,825,000.00 (836,332.00) ------1.520 95.5731 08/20/2024 190,335,000.00 181,914,792.65 190,978,098.79 (9,063,306.14) Mutual Fund Open-End Fund Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss CLTRSF CALTRUST --- 1.0086 --- 93,213,169.12 94,017,200.84 94,017,200.84 (0.00) CLTRSF CALTRUST --- 1.0086 --- 93,213,169.12 94,017,200.84 94,017,200.84 (0.00) Non-US Gov SUPRANATIONAL Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss 45906M3C3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 2.540 97.1558 03/28/2024 3,895,000.00 3,784,218.41 3,878,659.33 (94,440.92) 45950VRA6 INTERNATIONAL FINANCE CORP 1.099 93.8340 01/21/2025 25,000,000.00 23,458,500.00 24,966,733.80 (1,508,233.80) 45950VQG4 INTERNATIONAL FINANCE CORP 0.484 92.0601 09/23/2024 25,000,000.00 23,015,025.00 24,978,395.76 (1,963,370.76) 45950VQL3 INTERNATIONAL FINANCE CORPORATION 0.719 92.5400 10/29/2024 25,000,000.00 23,135,000.00 24,980,038.16 (1,845,038.16) 45950VQZ2 INTERNATIONAL FINANCE CORP 0.829 95.8790 01/19/2024 25,000,000.00 23,969,750.00 24,987,523.12 (1,017,773.12) 45950VPQ3 INTERNATIONAL FINANCE CORP 0.273 92.3920 08/22/2024 25,000,000.00 23,098,000.00 24,989,303.72 (1,891,303.72) ------0.737 93.4560 08/25/2024 128,895,000.00 120,460,493.41 128,780,653.90 (8,320,160.49) Repo REPO Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss RP10032022295 RIVCO_JEFFERIES REPO 2.950 100.0000 10/03/2022 230,000,000.00 230,000,000.00 230,000,000.00 0.00 RP10032022295 RIVCO_JEFFERIES REPO 2.950 100.0000 10/03/2022 230,000,000.00 230,000,000.00 230,000,000.00 0.00 US Gov T-BILL Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss 912796X53 UNITED STATES TREASURY 2.850 97.4110 06/15/2023 10,000,000.00 9,741,104.20 9,803,502.11 (62,397.91) 912796U31 UNITED STATES TREASURY 1.723 98.2496 03/23/2023 10,000,000.00 9,824,962.50 9,919,290.69 (94,328.19) 912796X79 UNITED STATES TREASURY 2.188 99.4211 12/15/2022 10,000,000.00 9,942,106.90 9,955,520.84 (13,413.94) 912796W70 UNITED STATES TREASURY 1.532 99.5812 11/25/2022 10,000,000.00 9,958,115.30 9,977,083.33 (18,968.03) 912796YA1 UNITED STATES TREASURY 3.099 98.6589 02/16/2023 25,000,000.00 24,664,722.25 24,711,541.71 (46,819.46) 912796YA1 UNITED STATES TREASURY 3.099 98.6589 02/16/2023 25,000,000.00 24,664,722.25 24,711,541.71 (46,819.46) 912796U31 UNITED STATES TREASURY 1.623 98.2496 03/23/2023 25,000,000.00 24,562,406.25 24,809,940.25 (247,534.00) 264 912796T33 UNITED STATES TREASURY 1.627 98.5938 02/23/2023 25,000,000.00 24,648,458.25 24,840,147.57 (191,689.32) 912796T33 UNITED STATES TREASURY 1.315 98.5938 02/23/2023 25,000,000.00 24,648,458.25 24,870,607.64 (222,149.39) 912796S34 UNITED STATES TREASURY 1.359 98.9139 01/26/2023 25,000,000.00 24,728,472.25 24,891,998.44 (163,526.19) 912796P94 UNITED STATES TREASURY 0.244 99.5206 12/01/2022 25,000,000.00 24,880,156.25 24,989,833.32 (109,677.07) 912796M89 UNITED STATES TREASURY 0.301 99.9785 10/06/2022 25,000,000.00 24,994,625.00 24,998,970.49 (4,345.49) 912796M89 UNITED STATES TREASURY 0.203 99.9785 10/06/2022 25,000,000.00 24,994,625.00 24,999,305.56 (4,680.56) 912796M89 UNITED STATES TREASURY 0.119 99.9785 10/06/2022 25,000,000.00 24,994,625.00 24,999,592.01 (4,967.01) 912796T33 UNITED STATES TREASURY 1.630 98.5938 02/23/2023 30,000,000.00 29,578,149.90 29,807,875.00 (229,725.10) 912796N96 UNITED STATES TREASURY 0.999 99.7645 11/03/2022 35,000,000.00 34,917,570.10 34,968,558.33 (50,988.23) 912796X95 UNITED STATES TREASURY 2.650 99.1579 01/05/2023 50,000,000.00 49,578,958.50 49,656,000.00 (77,041.50) 912796X95 UNITED STATES TREASURY 2.637 99.1579 01/05/2023 50,000,000.00 49,578,958.50 49,657,666.66 (78,708.16) 912796S34 UNITED STATES TREASURY 1.293 98.9139 01/26/2023 50,000,000.00 49,456,944.50 49,794,437.50 (337,493.00) 912796R27 UNITED STATES TREASURY 0.381 99.2230 12/29/2022 50,000,000.00 49,611,521.00 49,953,645.83 (342,124.83) 912796N96 UNITED STATES TREASURY 0.203 99.7645 11/03/2022 50,000,000.00 49,882,243.00 49,990,833.33 (108,590.33) 912796S34 UNITED STATES TREASURY 1.360 98.9139 01/26/2023 75,000,000.00 74,185,416.75 74,675,812.50 (490,395.75) 912796YR4 UNITED STATES TREASURY 2.736 99.5889 11/22/2022 75,000,000.00 74,691,666.75 74,709,617.92 (17,951.17) 912796M89 UNITED STATES TREASURY 0.435 99.9785 10/06/2022 75,000,000.00 74,983,875.00 74,995,540.10 (11,665.10) 912796M89 UNITED STATES TREASURY 0.118 99.9785 10/06/2022 110,000,000.00 109,976,350.00 109,998,227.78 (21,877.78) ---UNITED STATES TREASURY 1.276 99.3304 12/14/2022 940,000,000.00 933,689,213.65 936,687,090.63 (2,997,876.98) US Gov US GOV Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss 91282CFH9 UNITED STATES TREASURY 3.269 95.9688 08/31/2027 5,000,000.00 4,798,437.50 4,967,552.56 (169,115.06) 912828R69 UNITED STATES TREASURY 2.304 98.3906 05/31/2023 5,000,000.00 4,919,531.25 4,977,878.24 (58,346.99) 91282CDG3 UNITED STATES TREASURY 2.884 88.7188 10/31/2026 10,000,000.00 8,871,875.00 9,331,710.49 (459,835.49) 91282CAP6 UNITED STATES TREASURY 2.274 95.8281 10/15/2023 10,000,000.00 9,582,812.50 9,782,011.87 (199,199.37) 912828XX3 UNITED STATES TREASURY 3.217 96.1719 06/30/2024 10,000,000.00 9,617,187.50 9,795,820.78 (178,633.28) 912828T91 UNITED STATES TREASURY 2.617 97.1719 10/31/2023 10,000,000.00 9,717,187.50 9,895,622.70 (178,435.20) 912828XT2 UNITED STATES TREASURY 2.567 96.3281 05/31/2024 10,000,000.00 9,632,812.50 9,908,630.19 (275,817.69) 91282CBH3 UNITED STATES TREASURY 0.593 88.0938 01/31/2026 10,000,000.00 8,809,375.00 9,928,444.96 (1,119,069.96) 91282CBH3 UNITED STATES TREASURY 0.586 88.0938 01/31/2026 10,000,000.00 8,809,375.00 9,930,749.33 (1,121,374.33) 912828R69 UNITED STATES TREASURY 2.082 98.3906 05/31/2023 10,000,000.00 9,839,062.50 9,970,148.03 (131,085.53) 91282CEG2 UNITED STATES TREASURY 2.358 97.0000 03/31/2024 10,000,000.00 9,700,000.00 9,984,302.33 (284,302.33) 91282CEH0 UNITED STATES TREASURY 2.647 96.0625 04/15/2025 10,000,000.00 9,606,250.00 9,994,699.22 (388,449.22) 9128284U1 UNITED STATES TREASURY 2.336 98.9219 06/30/2023 10,000,000.00 9,892,187.50 10,021,085.70 (128,898.20) 9128285K2 UNITED STATES TREASURY 2.300 98.5156 10/31/2023 10,000,000.00 9,851,562.50 10,060,616.63 (209,054.13) 912828ZC7 UNITED STATES TREASURY 0.540 92.8750 02/28/2025 10,000,000.00 9,287,500.00 10,139,646.32 (852,146.32) 912828P46 UNITED STATES TREASURY 0.799 91.8750 02/15/2026 10,000,000.00 9,187,500.00 10,272,956.82 (1,085,456.82) 912828P46 UNITED STATES TREASURY 0.670 91.8750 02/15/2026 10,000,000.00 9,187,500.00 10,316,769.96 (1,129,269.96) 91282CBH3 UNITED STATES TREASURY 2.447 88.0938 01/31/2026 15,000,000.00 13,214,062.50 14,017,056.19 (802,993.69) 91282CCZ2 UNITED STATES TREASURY 2.540 88.0313 09/30/2026 15,000,000.00 13,204,687.50 14,062,364.65 (857,677.15) 91282CDM0 UNITED STATES TREASURY 2.495 95.7188 11/30/2023 15,000,000.00 14,357,812.50 14,660,769.09 (302,956.59) 912828ZL7 UNITED STATES TREASURY 0.445 90.5625 04/30/2025 15,000,000.00 13,584,375.00 14,973,215.11 (1,388,840.11) 91282CEW7 UNITED STATES TREASURY 3.213 96.4219 06/30/2027 15,000,000.00 14,463,281.25 15,024,094.95 (560,813.70) 9128284R8 UNITED STATES TREASURY 2.799 96.4844 05/31/2025 15,000,000.00 14,472,656.25 15,028,809.12 (556,152.87) 9128284S6 UNITED STATES TREASURY 2.070 99.1250 05/31/2023 15,000,000.00 14,868,750.00 15,066,456.18 (197,706.18) 91282CEW7 UNITED STATES TREASURY 3.109 96.4219 06/30/2027 15,000,000.00 14,463,281.25 15,092,207.66 (628,926.41) 912810FA1 UNITED STATES TREASURY 3.483 109.6406 08/15/2027 15,000,000.00 16,446,093.75 16,925,640.82 (479,547.07) 912810FA1 UNITED STATES TREASURY 3.247 109.6406 08/15/2027 15,000,000.00 16,446,093.75 17,095,120.43 (649,026.68) 912810EZ7 UNITED STATES TREASURY 3.048 109.6563 02/15/2027 15,000,000.00 16,448,437.50 17,175,319.22 (726,881.72) 912828ZS2 UNITED STATES TREASURY 2.845 84.8750 05/31/2027 20,000,000.00 16,975,000.00 17,975,151.89 (1,000,151.89) 91282CCZ2 UNITED STATES TREASURY 0.982 88.0313 09/30/2026 20,000,000.00 17,606,250.00 19,916,712.52 (2,310,462.52) 91282CBQ3 UNITED STATES TREASURY 0.591 88.2500 02/28/2026 20,000,000.00 17,650,000.00 19,938,864.77 (2,288,864.77) 91282CER8 UNITED STATES TREASURY 2.563 97.1250 05/31/2024 20,000,000.00 19,425,000.00 19,979,828.77 (554,828.77) 91282CCJ8 UNITED STATES TREASURY 0.882 88.5625 06/30/2026 20,000,000.00 17,712,500.00 19,994,877.91 (2,282,377.91) 91282CER8 UNITED STATES TREASURY 2.502 97.1250 05/31/2024 20,000,000.00 19,425,000.00 19,999,350.21 (574,350.21) 912828T91 UNITED STATES TREASURY 0.319 97.1719 10/31/2023 20,000,000.00 19,434,375.00 20,281,545.69 (847,170.69) 91282CAM3 UNITED STATES TREASURY 0.950 88.8750 09/30/2025 25,000,000.00 22,218,750.00 24,486,095.84 (2,267,345.84) 91282CDA6 UNITED STATES TREASURY 2.185 96.0781 09/30/2023 25,000,000.00 24,019,531.25 24,528,420.11 (508,888.86) 91282CAM3 UNITED STATES TREASURY 0.815 88.8750 09/30/2025 25,000,000.00 22,218,750.00 24,584,269.12 (2,365,519.12) 91282CAB7 UNITED STATES TREASURY 0.675 89.3750 07/31/2025 25,000,000.00 22,343,750.00 24,703,619.97 (2,359,869.97) 91282CBC4 UNITED STATES TREASURY 0.700 88.4375 12/31/2025 25,000,000.00 22,109,375.00 24,740,297.06 (2,630,922.06) 912828XX3 UNITED STATES TREASURY 2.558 96.1719 06/30/2024 25,000,000.00 24,042,968.75 24,763,898.03 (720,929.28) 91282CCW9 UNITED STATES TREASURY 0.902 87.7344 08/31/2026 25,000,000.00 21,933,593.75 24,855,081.81 (2,921,488.06) 912828YV6 UNITED STATES TREASURY 1.747 94.3438 11/30/2024 25,000,000.00 23,585,937.50 24,870,510.11 (1,284,572.61) 912828ZF0 UNITED STATES TREASURY 0.647 91.2188 03/31/2025 25,000,000.00 22,804,687.50 24,909,713.31 (2,105,025.81) 91282CBG5 UNITED STATES TREASURY 1.088 98.8125 01/31/2023 25,000,000.00 24,703,125.00 24,920,208.57 (217,083.57) 91282CCW9 UNITED STATES TREASURY 0.832 87.7344 08/31/2026 25,000,000.00 21,933,593.75 24,922,012.73 (2,988,418.98) 912828ZF0 UNITED STATES TREASURY 0.619 91.2188 03/31/2025 25,000,000.00 22,804,687.50 24,926,442.14 (2,121,754.64) 91282CCD1 UNITED STATES TREASURY 0.551 97.4219 05/31/2023 25,000,000.00 24,355,468.75 24,929,740.29 (574,271.54) 91282CDB4 UNITED STATES TREASURY 0.754 92.9688 10/15/2024 25,000,000.00 23,242,187.50 24,935,255.70 (1,693,068.20) 91282CCN9 UNITED STATES TREASURY 0.384 96.6875 07/31/2023 25,000,000.00 24,171,875.00 24,946,491.32 (774,616.32) 91282CAR2 UNITED STATES TREASURY 2.413 99.7500 10/31/2022 25,000,000.00 24,937,500.00 24,953,640.11 (16,140.11) 91282CCD1 UNITED STATES TREASURY 0.330 97.4219 05/31/2023 25,000,000.00 24,355,468.75 24,966,181.32 (610,712.57) 91282CBM2 UNITED STATES TREASURY 0.219 94.4531 02/15/2024 25,000,000.00 23,613,281.25 24,967,916.23 (1,354,634.98) 91282CCX7 UNITED STATES TREASURY 0.439 92.7656 09/15/2024 25,000,000.00 23,191,406.25 24,968,782.97 (1,777,376.72) 91282CCX7 UNITED STATES TREASURY 0.438 92.7656 09/15/2024 25,000,000.00 23,191,406.25 24,969,392.12 (1,777,985.87) 91282CBX8 UNITED STATES TREASURY 0.307 97.7500 04/30/2023 25,000,000.00 24,437,500.00 24,973,687.26 (536,187.26) 91282CBU4 UNITED STATES TREASURY 0.288 98.1563 03/31/2023 25,000,000.00 24,539,062.50 24,979,837.51 (440,775.01) 91282CBD2 UNITED STATES TREASURY 0.448 99.1875 12/31/2022 25,000,000.00 24,796,875.00 24,979,949.19 (183,074.19) 91282CBD2 UNITED STATES TREASURY 0.415 99.1875 12/31/2022 25,000,000.00 24,796,875.00 24,981,979.71 (185,104.71) 91282CEF4 UNITED STATES TREASURY 2.503 93.4531 03/31/2027 25,000,000.00 23,363,281.25 24,996,487.37 (1,633,206.12) 912828ZH6 UNITED STATES TREASURY 0.266 98.0469 04/15/2023 25,000,000.00 24,511,718.75 24,997,885.02 (486,166.27) 91282CEF4 UNITED STATES TREASURY 2.502 93.4531 03/31/2027 25,000,000.00 23,363,281.25 24,998,243.69 (1,634,962.44) 91282CFN6 UNITED STATES TREASURY 4.215 100.0781 09/30/2024 25,000,000.00 25,019,531.25 25,016,578.85 2,952.40 91282CBT7 UNITED STATES TREASURY 0.715 88.8125 03/31/2026 25,000,000.00 22,203,125.00 25,030,104.29 (2,826,979.29) 9128284S6 UNITED STATES TREASURY 2.083 99.1250 05/31/2023 25,000,000.00 24,781,250.00 25,108,535.88 (327,285.88) 9128284S6 UNITED STATES TREASURY 2.060 99.1250 05/31/2023 25,000,000.00 24,781,250.00 25,112,343.17 (331,093.17) 9128284A5 UNITED STATES TREASURY 0.254 99.5156 02/28/2023 25,000,000.00 24,878,906.25 25,243,548.77 (364,642.52) 912828W71 UNITED STATES TREASURY 2.395 96.8281 03/31/2024 30,000,000.00 29,048,437.50 29,882,495.08 (834,057.58) 91282CCJ8 UNITED STATES TREASURY 0.906 88.5625 06/30/2026 35,000,000.00 30,996,875.00 34,960,031.67 (3,963,156.67) 91282CDA6 UNITED STATES TREASURY 2.157 96.0781 09/30/2023 50,000,000.00 48,039,062.50 49,070,212.89 (1,031,150.39) 912828VB3 UNITED STATES TREASURY 2.080 98.5938 05/15/2023 50,000,000.00 49,296,875.00 49,899,349.68 (602,474.68) 912828ZU7 UNITED STATES TREASURY 0.469 97.3125 06/15/2023 50,000,000.00 48,656,250.00 49,923,116.34 (1,266,866.34) 91282CBG5 UNITED STATES TREASURY 0.506 98.8125 01/31/2023 50,000,000.00 49,406,250.00 49,936,541.29 (530,291.29) 91282CBG5 UNITED STATES TREASURY 0.475 98.8125 01/31/2023 50,000,000.00 49,406,250.00 49,941,807.92 (535,557.92) 912828ZP8 UNITED STATES TREASURY 0.293 97.6094 05/15/2023 50,000,000.00 48,804,687.50 49,947,979.85 (1,143,292.35) 91282CBN0 UNITED STATES TREASURY 0.301 98.5000 02/28/2023 50,000,000.00 49,250,000.00 49,963,905.29 (713,905.29) 91282CBR1 UNITED STATES TREASURY 0.287 94.2969 03/15/2024 50,000,000.00 47,148,437.50 49,973,233.44 (2,824,795.94) 91282CBG5 UNITED STATES TREASURY 0.259 98.8125 01/31/2023 50,000,000.00 49,406,250.00 49,977,725.88 (571,475.88) 91282CAX9 UNITED STATES TREASURY 0.318 99.4688 11/30/2022 50,000,000.00 49,734,375.00 49,984,199.44 (249,824.44) 91282CBU4 UNITED STATES TREASURY 0.159 98.1563 03/31/2023 50,000,000.00 49,078,125.00 49,991,674.69 (913,549.69) 91282CBU4 UNITED STATES TREASURY 0.147 98.1563 03/31/2023 50,000,000.00 49,078,125.00 49,994,605.57 (916,480.57) 912828TY6 UNITED STATES TREASURY 1.482 99.7969 11/15/2022 50,000,000.00 49,898,437.50 50,008,692.48 (110,254.98) 912828S92 UNITED STATES TREASURY 0.334 97.5781 07/31/2023 50,000,000.00 48,789,062.50 50,379,148.15 (1,590,085.65) 912828Z29 UNITED STATES TREASURY 0.581 99.4063 01/15/2023 100,000,000.00 99,406,250.00 100,265,690.10 (859,440.10) 265 ---UNITED STATES TREASURY 1.160 96.0388 05/03/2024 2,130,000,000.00 2,044,201,562.50 2,127,853,590.60 (83,652,028.10) Summary Cusip Description Yield Market Price Final Maturity Par Value Market Value Book Value Net Unrealized Gain/Loss ------1.758 91.2002 01/07/2024 11,437,321,971.56 11,069,505,584.53 11,402,435,638.04 (332,930,053.51) 266 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR CAPITAL MARKETS COUNTY ADMINISTRATIVE CENTER 4080 LEMON STREET, 4TH FLOOR, RIVERSIDE, CA 92502-2205 267 AGENDA ITEM 6D Agenda Item 6D RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: November 28, 2022 TO: Budget and Implementation Committee FROM: Ariel Alcon Tapia, Senior Management Analyst THROUGH: David Knudsen, External Affairs Director SUBJECT: Quarterly Public Engagement Metrics Report, July-September 2022 STAFF RECOMMENDATION: This item is for the Committee to recommend the Commission take the following action(s): 1) Receive and file the Quarterly Public Engagement Metrics Report for July-September 2022. BACKGROUND INFORMATION: The Commission’s digital communication efforts continue to provide information about vital transportation projects, programs, and initiatives affecting Riverside County residents and other stakeholders. The digital communication also outlines Measure A investments across Riverside County. The External Affairs staff monitors and measures these efforts to understand how audiences respond to the digital information presented across RCTC’s social media platforms. This report covers the third quarter of 2022, from July to September. Public engagement activities are summarized in this report and in the attached Public Engagement Metrics. This quarter paid digital advertisements focused on informing the public about the Interim 15 Corridor Operations Project and eastbound 91 weekend closures. While there were increases in followers across all three platforms, advertising drives reach and engagement. Staff strategically boosts and places digital advertising based on the need to increase visibility for specific projects and advocacy efforts. It is important to note that the metrics show comparisons to the previous quarter, which featured a robust public awareness effort with paid advertisements about three proposed assembly bills that would have affected the future of transportation funding. That second quarter public awareness effort drew heavy public engagement and reach that did not continue into this quarter, causing some metrics to show a decline. This quarter’s report includes three sets of data: 1) Metrics for RCTC’s overall public engagement activities including public sentiment on social media; social media followers, engagement, and reach; email notifications; website use and access; and website top pages visited 268 Agenda Item 6D 2) Metrics for the I-215 Placentia Avenue Interchange Project including email activity, website sessions, and social media 3) Metrics for RCTC’s 15/91 Express Lanes Connector Project including email activity, text messages, website sessions, and social media RCTC Overall Public Engagement 1) Social Media a. Public sentiment was positive with some minor negative dips. Sentiment was mixed on a post related to the opening of the I-15 Interim Corridor Operations Project in July. Comments relating to widened freeways and need to do more in the area were recorded as negative. Other posts relating to Metrolink offers, IE Commuter information, and the I-215 Placentia Interchange construction garnered positive reactions. b. Facebook: Followers continue to increase steadily. This quarter, followers grew by 2%, from 12,544 to 12,759. The page had 81,175 forms of engagement, such as likes, comments, and video viewing and shares, a 35% decrease from last quarter’s 125,814 forms of engagement. The page reached 1,123,157 unique users for the quarter (followers and non-followers), a decrease of 35% from last quarter’s 1,521,409. c. Twitter: The page showed an 8% increase in followers, from 1,469 to 1,594. Engagement increased 3%, from 6,176 to 6,363 while impressions decreased by 80%, from 260,770 to 52,000. While there were fewer paid advertisements on Twitter this past quarter, engagement continued to be strong as more followers and non-followers engaged with organic tweets. d. Instagram: Followers grew by 3%, from 2,480 to 2,550. Engagement increased 972% from 3,702 forms of engagement to 39,696. This significant increase in engagement is attributed to IG stories. In previous reports, engagement with Instagram stories were not captured accurately by Meta, Instagram’s parent company. This quarter’s reach was 481,085 unique users, a 36% decrease from last quarter’s 747,547. 2) The Point E-Newsletter: RCTC continues to produce content for its online blog, The Point, and distributes the publication via email to subscribers. Subscribers increased 1% from 6,021 to 6,057. Approximately 37% of the e-newsletter subscribers opened The Point, a 1% decrease from the previous quarter, and 5% clicked on links to learn more. 3) Website a. There were 49,238 website visits this quarter, a 21% decrease from last quarter’s 62,660 visits. There also were 34,552 unique users, an increase of 30% compared to the previous quarter’s 46,082 unique users. b. Most visitors (39%) reached the website via directly (keying in rctc.org) this past quarter. Visitors who accessed through a search engine totaled 38%. This reflects a change from previous quarter that showed most users accessing the website via 269 Agenda Item 6D social media. Users who reached the website via social media dropped to 13%. Others reached the website via other website referrals (9%) and email links (1%). c. Website access by device continues to fluctuate. Visits were 37% via desktop and 63% via mobile device this quarter, compared to 26% via desktop and 74% via mobile last quarter. d. The homepage continues to be the most frequently visited page, followed by the 91 Refresh Project, 15/91 Express Lanes Connector Project page, and employment page. The Meetings and Agendas page was knocked out of the top four pages. I-215 Placentia Avenue Interchange Public Engagement 1) Emails: Total email sign-ups since the start of the project grew to 5,892. This is a 18% increase over the 1,484 sign-ups received through the end of last quarter and may be related due to increased attention to photos showing construction is almost complete and increased interest in the Mid County Parkway as a whole. There was a total of 47 email inquiries, an increase of 15% over the 41 inquiries through the end of last quarter. 2) Webpage: Visits to the project webpage grew to 5,892, a 18% increase from the 4,998 visits through the end of last quarter. 3) Social Media: This project does not have designated social media accounts. RCTC’s social media accounts, @theRCTC, are being used for this project. Total social media post engagements totaled 8,026 for this quarter, an 88% increase from the 4,270 engagements through the end of the previous quarter. 15/91 Express Lanes Connector Public Engagement 1) Emails: Email sign-ups during the last quarter totaled 3,059, an increase of 11%. The project team received 19 email inquiries to date. 2) Texts: A total of 327 people have registered to receive texts, a 23% increase over the 266 sign-ups through the end of last quarter. 3) Webpage: Visits to the project webpage grew 18% during the quarter, from 22,038 visits last quarter to 26,063 visits this quarter. 1) Social Media: Facebook page likes increased to 3,239 compared to 3,221 last quarter, a 1% increase. Twitter grew by 6% from 359 to 381 followers. Instagram followers increased 5% from 805 to 849 followers. FISCAL IMPACT: This is an informational item. There is no fiscal impact. Attachments: 1) RCTC Overall Public Engagement Metrics 2) I-215 Placentia Interchange Construction Public Engagement Metrics 3) 15/91 Express Lanes Connector Construction Public Engagement Metrics 270 Top Pages Visited 2 3 4 Desktop vs Mobile Users 37%63%Desktop Mobile Facebook Twitter Instagram Top Channels +1% *Significant increase in Instagram engagement is due to metrics accurately counting IG Stories Overall Social Media Sentiment Eblasts Web Public Engagement Metrics: Q3 July - September 2022 Social Media Differences Social media referrals decreased, while direct and organic increased. Subscribers 6,057 Average Open 37% Average Click 5% 49,238 Number of Sessions -21%34,552 Number of Unique Users -25% Reach 1,123,157 Followers 12,759 Engagement 81,175 Impressions 52,000 Followers 1,594 Engagement 6,363 Reach 481,085 Followers 2,550 Engagement 39,696 -80% +9% +3% -36% +3% +972% -26% +2% -35% 91 Refresh Project 15/91 Express Lanes Connector Project Employment The Homepage was the most visited page, followed by: 7/23 (+/-) Mixed sentiment and engagement relating to I-15 ICOP opening 8/14 (-) Negative trend due to 91 Refresh full closure announcements 9/15 (+) Sustained positive sentiment from CV Rail support campaign Direct (39%) Organic (38) Social (13%) Referral (9%) Email (1%) 7/1 7/8 7/15 7/22 7/29 8/6 8/13 8/20 8/27 9/3 9/10 9/17 9/30 1.00 .50 0 -.50 -1.00 Organic 38% Direct 39% Social 13% 9% 1% ATTACHMENT 1 271 July - September 2022 I-215 Placentia Interchange ProjectQuarterly “At-a-Glance” Metrics Report Jul - S e p t 2 0 2 0 Nu m b e r o f P o s t E n g a g e m e n t s 0 2000 4000 6000 8000 10000 To t a l W e b s i t e v i s i t s t o D a t e 0 10 20 30 40 50 Nu m b e r o f S i g n - U p s Nu m b e r o f E m a i l s 0 1000 2000 3000 4000 5000 6000 Jul - S e p t 2 0 2 0 Jul - S e p t 2 0 2 0 155 1 2,016 Email Sign-Ups Website Sessions Emails to Project Team Social Media Post Engagements Jul - S e p t 2 0 2 0 0 500 1000 1500 2000 327 3 488 1,243 2,623 Oc t - D e c 2 0 2 0 Oc t - D e c 2 0 2 0 Oc t - D e c 2 0 2 0 Oc t - D e c 2 0 2 0 499 Jan - M a r 2 0 2 1 7 Jan - M a r 2 0 2 1 1,757 Jan - M a r 2 0 2 1 2,827 Jan - M a r 2 0 2 1 677 11 2,321 2,915 Ap r – J u n 2 0 2 1 Ap r – J u n 2 0 2 1 Ap r - J u n 2 0 2 1 Ap r - J u n 2 0 2 1 868 16 3,387 3,811 4,446 3,088 3,390 3,514 Jul – S e p t 2 0 2 1 Oc t – D e c 2 0 2 1 Jan - M a r 2 0 2 2 Jul – S e p t 2 0 2 1 Oc t – D e c 2 0 2 1 Jan - M a r 2 0 2 2 Jul – S e p t 2 0 2 1 Oc t – D e c 2 0 2 1 Jan - M a r 2 0 2 2 Jul – S e p t 2 0 2 1 Oc t – D e c 2 0 2 1 Jan - M a r 2 0 2 2 1,067 1,273 23 34 1,484 Ap r - J u n 2 0 2 2 41 Ap r - J u n 2 0 2 2 4,998 Ap r - J u n 2 0 2 2 4,270 Ap r - J u n 2 0 2 2 1,625 5,892 Jul - S e p 2 0 2 2 47 Jul - S e p 2 0 2 2 8,026 Jul - S e p 2 0 2 2 Jul - S e p 2 0 2 2 ATTACHMENT 2 272 July - September 2022 15/91 Express Lanes Connector Project Quarterly “At-a-Glance” Metrics Report Ap r - J u n 2 0 2 1 Nu m b e r o f F o l l o w e r s 0 500 1000 1500 2000 2500 3000 3500 To t a l W e b s i t e v i s i t s t o D a t e 0 5 10 15 20 Nu m b e r o f S i g n - U p s Nu m b e r o f E m a i l s a n d C a l l s 0 5000 10000 15000 20000 25000 30000 Ap r - J u n 2 0 2 1 Ap r - J u n 2 0 2 1 155 3 Email & Text Alert Sign-Ups Website Sessions Emails to Project Team Social Media Followers Ap r - J u n 2 0 2 1 0 500 1000 1500 2000 2500 3000 3500 2,825 5,714 68 2,778 293 600 Facebook Followers Twitter FollowersInstagram Followers Email Sign-Ups Text Sign-Ups 161 173 230 2,809 7 14 8,834 2,798 301 628 2,736 3,006 323 689 340 761 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 Jan - M a r 2 0 2 2 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 Jan - M a r 2 0 2 2 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 Jan - M a r 2 0 2 2 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 Jan - M a r 2 0 2 2 2,489 12,418 2,538 18 17,526 2,767 266 19 Ap r - J u n 2 0 2 2 22,038 3,221 359 805 Ap r - J u n 2 0 2 2 3,059 327 Ap r - J u n 2 0 2 2 Jul - S e p 2 0 2 2 19 Jul - S e p 2 0 2 2 26,063 Ap r - J u n 2 0 2 2 Jul - S e p 2 0 2 2 3,239 381 846 Jul - S e p 2 0 2 2 ATTACHMENT 3 273 AGENDA ITEM 6E Agenda Item 6E RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: November 28, 2022 TO: Budget and Implementation Committee FROM: Bryce Johnston, Senior Capital Projects Manager THROUGH: Erik Galloway, Project Delivery Director SUBJECT: Quarterly Reporting of Contract Change Orders for Construction Contracts STAFF RECOMMENDATION: This item is for the Committee to recommend the Commission take the following action(s): 1) Receive and file the Quarterly Report of Contract Change Orders for Construction Contracts for the three months ended September 30, 2022. BACKGROUND INFORMATION: During the past quarter, July through September 2022, the Commission has had the following projects under construction: 1. Mid County Parkway (MCP) Placentia project 2. I-15 Railroad Canyon Interchange project 3. SR-60 Truck Lanes project 4. MVMF Platform and Track Expansion 5. I-15 Express Lanes project 6. SR-91 Corridor Operations project (91 COP) 7. 15/91 Express Lanes Connector 8. I-15 Interim Corridor Operations project DISCUSSION: At the direction of the Executive Committee at its March 2021 meeting, a report will be filed each quarter listing the construction contract change orders that were issued in the previous quarter. The following table summarizes the Contract Change Orders that occurred in the last quarter (1st quarter of Fiscal Year 2022/23). 274 Agenda Item 6E FISCAL IMPACT: The Contract Change Orders were executed using available contingency authorized with the construction contract for each project. 275 AGENDA ITEM 7 Agenda Item 7 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: November 28, 2022 TO: Budget and Implementation Committee FROM: Sergio Vidal, Chief Financial Officer THROUGH: Anne Mayer, Executive Director SUBJECT: Annual Investment Policy STAFF RECOMMENDATION: This item is for the Committee to recommend the Commission take the following action(s): 1) Approve the revised annual Investment Policy; and 2) Adopt Resolution No. 22-020, “Resolution of the Riverside County Transportation Commission Regarding the Revised Investment Policy”. BACKGROUND INFORMATION: In accordance with state law, staff annually submits a resolution to the Commission recommending approval of the Commission’s Investment Policy. The Investment Policy outlines the following primary objectives in priority order: • To provide safety of principal; • To provide sufficient liquidity; and • To maximize return on investments. DISCUSSION: Section XIV of the Investment Policy requires an annual investment policy review and specifically states that the “Chief Financial Officer shall annually render to the Board a statement of investment policy, which the Board must consider at a public meeting. Any changes to the policy shall also be considered by the Board at a public meeting.” Therefore, staff reviewed the Investment Policy approved by the Commission in December 2021 and consulted with legal counsel to consider changes to the policy. Additionally, throughout the year staff consulted with the Commission’s investment managers and County Treasurer’s Office to determine an appropriate level of changes primarily affecting the Commission’s operating investment portfolio. 276 Agenda Item 7 The following is an overview of the recommended changes to the Investment Policy: Section IX - Reporting • The frequency of the dissemination and contents of the investment report to Commissioners has been updated. Staff will provide Commissioners with a monthly investment report within 30 days following the end of the month. Previously, a report was submitted to the Commission for review on a quarterly basis. Section XI – Authorized Broker-Dealers and Financial Institutions • This section has been updated to expand the due diligence provisions to cover all securities professionals providing investment advice, not only broker-dealers. Other changes to this section include references to specific Government Code sections for clarification, and minor language updates and changes. SUMMARY AND FISCAL IMPACT: Staff recommends approval of the Investment Policy and adoption of Resolution No. 22-020 related to the Investment Policy. There is no fiscal impact related to the approval and adoption of this policy; the approval by the Commission, as provided in the Investment Policy results in a direct fiscal impact. Attachments: 1) Resolution No. 22-020 2) Investment Policy (red-line draft) 3) Investment Policy (clean) 277 RESOLUTION NO. 22-020 RESOLUTION OF THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION REGARDING THE REVISED INVESTMENT POLICY WHEREAS, the Riverside County Transportation Commission (the “Commission”) currently retains the authority to add, delete or otherwise modify the Commission’s policies and procedures; WHEREAS, the Commission desires to modify the Investment Policy. NOW, THEREFORE, the Riverside County Transportation Commission does hereby resolve as follows: Section 1. The Riverside County Transportation Commission hereby adopts the Investment Policy, as revised, and attached as Exhibit A. APPROVED AND ADOPTED this 14th day of December, 2022. _____________________________________ V. Manuel Perez, Chair Riverside County Transportation Commission ATTEST: _________________________________ Lisa Mobley Clerk of the Board ATTACHMENT 1 278 Revised December 148, 20221 INVESTMENT POLICY I.Introduction The purpose of this document is to identify policies and procedures that enhance opportunities for a prudent investment program and to organize and formalize investment‐related activities. II.Scope It is intended that this Policy cover all funds (except retirement funds) and investment activities under the direction of the Commission serving as the Riverside County Transportation Commission’s governing board. Investment activities may be classified between operating and bond/debt portfolios. III.Delegation of Authority Pursuant to the Commission’s Administrative Code, tThe Commission’s management responsibility for the investment program is hereby delegated for a one‐year period to the Executive Director who shall monitor and review all investments for consistency with this investment policy. Subject to review, the Commission may renew the delegation of authority pursuant to this section each year. The Executive Director may delegate these duties to a designee (“Chief Financial Officer”). The Commission may delegate its investment decision making and execution authority to an investment advisor. The advisor shall follow this Policy and such other written instructions as are provided. IV.Prudence All persons authorized to make investment decisions on behalf of the Commission are subject to the prudent investor standard. Investments shall be made with care, skill, prudence and diligence under circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the Commission that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the Commission. Authorized individuals acting in accordance with this Policy and written procedures and exercising due diligence shall be relieved of personal responsibility for an individual ATTACHMENT 2 279 Revised December 148, 20221 security’s credit risk or market price changes, provided deviations from expectations are reported in a timely fashion. V. Objective The Commission’s primary investment objectives, in priority order, shall be: 1. Safety. Safety of principal is the foremost objective of the investment program. Investments of the Commission shall be undertaken in a manner that seeks to ensure preservation of capital in the portfolio. 2. Liquidity. The investment portfolio of the Commission will remain sufficiently liquid to enable the Commission to meet its cash flow requirements. 3. Return on Investment. The investment portfolio of the Commission shall be designed with the objective of maximizing return on its investments, but only after ensuring safety and liquidity. The Commission may from time to time sell securities that it owns in order to better reposition its portfolio assets in accordance with updated cash flow schedules, yield opportunities existing between market sectors, or simply market timing. VI. Investments California Government Code Section 53601 governs the investments permitted for purchase by the Commission. Within the investments permitted by Code, the Commission seeks to further restrict eligible investments to the investments listed in Section VI.1 below. Percentage limitations, where indicated, apply at the time of purchase. Percentage holdings with any one non‐U.S. Government issuer or non‐Federal Agency issuer are further restricted to a maximum of 10% (direct and indirect commitments), except as otherwise noted. Rating requirements where indicated, apply at the time of purchase. In the event a security held by the Commission is subject to a rating change that brings it below the minimum specified rating requirement, the Chief Financial Officer shall be authorized to act immediately and to notify the Commission of any actions taken in regards to the security. The course of action to be followed will then be decided on a case‐by‐case basis, considering such factors as the reason for the rating drop, prognosis for recovery or further rating drops, and the market price of the security. 280 Revised December 148, 20221 1. Eligible Investments A. U.S. Government Issues. United States Treasury notes, bonds, bills, or certificates of indebtedness, or those for which the faith and credit of the United States are pledged for the payment of principal and interest. B. Federal Agency Securities. Federal agency or United States government‐ sponsored enterprise obligations, participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or United States government‐sponsored enterprises. C. Supranational Obligations. Obligations issued, or unconditionally guaranteed, by the following supranational institutions: 1. International Bank for Reconstruction and Development; and 2. International Finance Corporation. Such securities must have a maximum maturity of four (4) years and ratings from at least one Nationally Recognized Statistical Rating Organization (NRSRO) as follows: at least “Aa/AA/or AA” which denotes “Aa2” by Moody’s Investors Service (Moody’s), or “AA” by S&P Global Ratings (S&P), or “AA” by Fitch Ratings (Fitch); or as otherwise approved by the Commission. Investments in supranational obligations are limited to a maximum of 20% of Commission funds with no more than 10% of funds invested in any one supranational institution. D. Municipal Bonds. Registered treasury notes or bonds of any of the other 49 United States, in addition to California, payable solely out of the revenues from a revenue‐ producing property owned, controlled, or operated by a state or by a department, board, agency or authority of any of the other 49 United States, in addition to California. Such securities must have a maximum maturity of five (5) years and ratings from at least one NRSRO as follows: at least “A1/A+/or A+”; or as otherwise approved by the Commission. Registered general obligation treasury notes or bonds of any of the 50 United States. Such securities must have a maximum maturity of five (5) years and ratings from at least one NRSRO as follows: at least “A1/A+/or A+” or as otherwise approved by the Commission. Taxable or tax‐exempt bonds, notes, warrants, or other evidences of indebtedness of any local agency within the State of California with a maximum maturity of five (5) years and ratings from at least one NRSRO 281 Revised December 148, 20221 as follows: at least “A1/A+/or A+” (the minimum rating shall apply to the local agency, irrespective of any credit enhancement), including bonds, notes, warrants, or other evidences of indebtedness payable solely out of the revenues from a revenue‐producing property owned, controlled, or operated by either the local agency, a department, board, agency, or authority of the local agency, or of any local agency within this state. Investments in municipal bonds are further limited to 25% of the Commission’s funds. E. Tri‐Party Repurchase Agreements. Tri‐party repurchase agreements are to be used solely as short‐term investments not to exceed 30 days. The Commission may enter into tri‐party repurchase agreements with primary government securities dealers rated “A” or better by two NRSROs. Counterparties should also have (i) a short‐term credit rating of at least P‐ 1/A‐1/ or F‐1; (ii) minimum assets and capital size of $25 billion in assets and $350 million in capital; (iii) five years of acceptable audited financial results; and (iv) a strong reputation among market participants. The following collateral restrictions will be observed: Only U.S. Treasury securities or Federal Agency securities, as described in V.1 A and B, will be acceptable collateral. All securities underlying tri‐party repurchase agreements must be delivered to the Commission's custodian or fiscal agent bank versus payment or be handled under a properly executed tri‐ party repurchase agreement. The total market value of all collateral for each tri‐party repurchase agreement must equal or exceed 102% of the total dollar value of the money invested by the Commission for the term of the investment. For any tri‐party repurchase agreement with a term of more than one day, the value of the underlying securities must be reviewed on an on‐going basis according to market conditions. Market value must be calculated each time there is a substitution of collateral. The Commission or its trustee shall have a perfected first security interest under the Uniform Commercial Code in all securities subject to tri‐party repurchase agreement. The Commission shall have properly executed a PSA agreement with each counterparty with which it enters into tri‐party repurchase agreements. F. U.S. Corporate Debt. Medium‐term notes, defined as all corporate and depository institution securities with a maximum remaining maturity of five (5) years or less, issued by corporations organized and operating within the United States or depository institutions licensed by the United States or any state and operating within the United States. Eligible investment shall be rated at least “A1/A+/ or A+” by at least one NRSRO. 282 Revised December 148, 20221 Investments in U.S. Corporate Debt are further limited to 25% of the Commission’s funds. G. Commercial Paper. Commercial paper rated in the highest category by one or more nationally recognized statistical rating organization (NRSRO). The entity that issues the commercial paper shall meet all of the following conditions in either paragraph (1) or paragraph (2): (1) The entity meets the following criteria: (A) Is organized and operating in the United States as a general corporation. (B) Has total assets in excess of five hundred million dollars ($500,000,000). (C) Has debt other than commercial paper, if any, that is rated “A” or higher by at least one NRSRO. (2) The entity meets the following criteria: (A) Is organized within the United States as a special purpose corporation, trust, or limited liability company. (B) Has program‐wide credit enhancements, including, but not limited to, over collateralization, letters of credit, or surety bond. (C) Has commercial paper that is rated at least “P‐1/A‐1/or F‐1”, or the equivalent, by at least one NRSRO. Purchases of eligible commercial paper may not exceed 270 days maturity nor represent more than 10% of the outstanding paper of an issuing corporation. Investments in commercial paper are limited to a maximum of 25% of the Commission’s funds. H. Banker’s Acceptances. Banker's acceptances issued by domestic or foreign banks, which are eligible for purchase by the Federal Reserve System. Purchases of banker’s acceptances may not exceed 180 days maturity. Eligible banker’s acceptances are restricted to issuing financial institutions with short‐term paper rated in the highest category by one or more nationally recognized rating service. Investments in banker’s acceptances are further limited to 40% of the Commission’s funds with no more than 30% of the Commission’s funds invested in the banker’s acceptances of any one commercial bank. I. Money Market Mutual Funds. Shares of beneficial interest issued by diversified management companies that are money market funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940 (15 U.S.C. Sec. 80a‐1, et seq.) and that invest solely in U.S. treasuries, obligations of the U.S. Treasury, and repurchase agreements relating to such treasury obligations. The Commission may invest in shares of beneficial interest issued by a company that shall have met either of the following criteria: (1) Attained 283 Revised December 148, 20221 the highest ranking or the highest letter and numerical rating provided by not less than two nationally recognized rating services. (2) Retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience managing money market mutual funds with assets under management in excess of five hundred million dollars ($500,000,000). The purchase price of shares of beneficial interest purchased pursuant to this subdivision shall not include any commission that the companies may charge. Investments in Money Market Mutual Funds are further limited to 20% of the Commission’s funds. J. Riverside County Pooled Investment Fund (“RCPIF”). The Commission may invest in the Riverside County Pooled Investment Fund. As on‐going due diligence, the Chief Financial Officer shall obtain the information listed below:  A description of eligible investment securities and a written statement of investment policy.  A description of the interest calculation, the frequency of interest distributions, and the treatment of gains and losses in the portfolio.  A description of how often the securities are priced, how the securities are safeguarded, and the audit arrangements.  A description of who may invest in the program, how often they may invest, and what size deposits and withdrawals are allowed.  A schedule for receiving statements and portfolio listings.  A fee schedule, and when and how fees are assessed.  The composition of the investment fund for each reporting period. K. State of California Local Agency Investment Fund (“LAIF”). The Commission may invest in LAIF. As on‐going due diligence, the Chief Financial Officer shall obtain the information listed below:  A description of eligible investment securities and a written statement of investment policy.  A description of the interest calculation, the frequency of interest distributions, and the treatment of gains and losses in the portfolio.  A description of how often the securities are priced, how the securities are safeguarded, and the audit arrangements.  A description of who may invest in the program, how often they may invest, and what size deposits and withdrawals are allowed. 284 Revised December 148, 20221  A schedule for receiving statements and portfolio listings.  A fee schedule, and when and how fees are assessed.  The composition of the investment fund for each reporting period. L. Certificates of Deposit. Negotiable Certificates of Deposit (NCD’s): NCDs are money market instruments issued by a bank. They specify that a sum of money has been deposited, payable with interest to the bearer of the certificates on a certain date. NCDs are issued by nationally or state chartered bank or state or federal savings and loan association. All purchases must be from institutions rated the highest letter and number rating (e.g., P‐1/A‐1/or F‐ 1) as provided for by at least one NRSRO, as designated by the U.S. Securities and Exchange Commission. The maturity of NCDs shall not exceed one (1) year to maturity, and purchases of NCDs shall not exceed 30% of the Commission’s investment portfolio. NCDs shall be evaluated in terms of the creditworthiness of the issuing institution, as these deposits are uninsured and uncollateralized promissory notes. FDIC‐insured Certificates of Deposit: The principal amount of the investment must be federally insured through the Federal Deposit Insurance Corporation (FDIC). No more than the prevailing FDIC insured coverage amount may be invested with any one deposit. Certificates of Deposit placed through the Certificate of Deposit Account Registry Service (CDARS) shall be considered fully insured, assuming that the total amount invested with any participating bank is limited to the prevailing FDIC insured coverage amount. Interest on the principal must be paid to the Commission at least annually. The placement of Certificates of Deposit with local banks that qualify in accordance with Government Code section 53601(h) is encouraged. The Commission, at its discretion, may invest a portion of its funds in certificates of deposit at a commercial bank, savings bank, savings and loan association, or credit union using a private sector entity to assist in the placement of such certificates, provided that it complies with Government Code Section 53601.8. Such investments may not exceed in total 20% of the Commission’s funds invested pursuant to Government Code Sections 53601.8, 53635.8 and 53601, and shall have a maximum maturity of one (1) year from the date of the deposit. Collateralized Certificates of Deposit: For investments exceeding $100,000, there will be a waiver of collateral for the first $100,000 deposited and protected by FDIC insurance. The remainder of the deposit shall be fully collateralized by U.S. Treasury and Federal Agency securities having maturities less than five years. The Commission must receive written confirmation that these securities have been pledged in 285 Revised December 148, 20221 repayment of the time deposit. The securities pledged as collateral must have a current market value greater than the dollar amount of the deposit in keeping with the ratio requirements specified in Section 53652 of the Government Code. Additionally, a statement of the collateral shall be provided to the Commission on a monthly basis. Such investments may not exceed in total 15% of the Commission’s funds invested pursuant to Government Code Sections 53601.8, 53635.8 and 53601, and shall have a maximum maturity of one (1) year from the date of the deposit. M. Time Deposits. Federal Deposit Insurance Corporation insured money market savings accounts or time deposits which are deposited through depository institutions which are participants of the Money Market Insured Deposit Account Service (“MMIDAS”). N. Mortgage and Asset‐backed Securities. Any mortgage pass‐through security, collateralized mortgage obligation, mortgage‐backed or other pay‐through bond, equipment lease‐backed certificate, consumer receivable‐backed bond of a maximum maturity of five (5) years. Securities eligible for investment under this subdivision shall be issued by an issuer and rated at least “A3/A‐/or A‐” for the issuer’s debt as provided by at least one NRSRO and rated in the rating category of “AAA” or its equivalent (excluding U.S. Government/Agency‐backed structured products which will be permitted with their prevailing ratings even if those ratings are below the rating category of “AAA”) by at least one NRSRO. Purchase of these securities may not exceed 10% of the Commission’s operating investment portfolio. 2. Eligible Investments for Bond Proceeds Bond proceeds shall be invested in securities permitted by the applicable bond documents. If the bond documents are silent as to permitted investments, bond proceeds will be invested in securities permitted by this Policy. With respect to maximum maturities, the Policy authorizes investing bond reserve fund proceeds beyond the five (5) years if prudent in the opinion of the Chief Financial Officer. 3. Ineligible Investments The Commission shall not invest any funds in the types of securities as provided in California Government Code Section 53601.6. 286 Revised December 148, 20221 The purchase of any security not listed in Section VI.1 above, but permitted by the California Government Code, is prohibited unless the Commission approves the investment either specifically or as a part of an investment program approved by the Commission. VII. Maximum Maturities Maturities of investments will be selected to provide necessary liquidity, minimize interest rate risk, and maximize earnings. Current and expected yield curve analysis will be monitored and the portfolio will be invested accordingly. Because of inherent difficulties in accurately forecasting cash flow requirements, a portion of the portfolio should be continuously invested in readily available funds. Where this Policy does not specify a maximum remaining maturity at the time of the investment, no investment shall be made in any security, other than a security underlying a repurchase or reverse repurchase agreement authorized by this section, that at the time of the investment has a term remaining to maturity in excess of five (5) years. VIII. Performance Standards The Chief Financial Officer shall continually monitor and evaluate the portfolio’s performance. IX. Reporting The Executive Director or designee shall prepare and provide to the Commission a monthly report, within 30 days following the end of the month, which includes the following information:  Type of investment;  Issuer name;  Date of maturity;  Dollar amount invested in all securities, and investments and monies held by the local agency;  A description of the funds, investments, and programs (including lending programs) managed by contracted parties;  Current market value of securities;  A statement of compliance with the investment policy or an explanation for non‐compliance; and • A statement denoting the ability of the Commission to meet its liquidity requirements for the next six months, or provide an explanation as to why sufficient money, shall or may not be available. 287 Revised December 148, 20221 The Chief Financial Officer shall prepare and provide to the Commission and the Executive Director, within 60 days following the end of the quarter, a portfolio report, which includes the following information:  Type of investment  Name of issuer  Date of maturity  Date of purchase  Par value  Original purchase cost  Call date (if applicable)  Current market value of securities  Unrealized market value gain/loss  Coupon rate, if applicable  Yield to maturity  Credit quality, as determined by one or more NRSROs, of each investment  Average duration of portfolio  Listing of all investment transactions during the quarter  A statement that the portfolio complies with the investment policy, or the manner in which the portfolio is not in compliance  A statement denoting the ability of the Commission to meet its liquidity requirements for the next six months, or provide an explanation as to why sufficient money shall, or may not be, available. X. Investment Procedures The Chief Financial Officer, as the Commission’s designee, is responsible for ensuring compliance with the Commission’s investment policies and establishing written procedures and internal controls for the operation of the investment program. No person may engage in investment transactions except as provided under the terms of this Policy and the written procedures established by the Chief Financial Officer. The written procedures should address: delegation of authority to subordinate staff members, control of collusion, separation of transaction authority from accounting and record keeping, written confirmations of transactions, reconciliation of custody statements, and wire transfer procedures and agreements. An independent analysis by an external auditor shall be conducted annually to review internal control, account activity, and compliance with policies and procedures. XI. Authorized Broker‐ Dealers and Financial Institutions The Chief Financial Officer shall maintain a list of authorized broker‐/dealers and financial institutions which are approved for investment purposes. It shall be the Commission’s 288 Revised December 148, 20221 policy to purchase securities only from those authorized institutions and firms (unless purchased directly from the issuer). Separate lists shall be maintained for broker‐/dealers and financial institutions approved for repurchase agreements and those approved for the purchase of other securities. If an investment advisor is used, they may use their own list of approved broker‐/dealers and financial institutions for investment purposes. To be eligible, a firm must meet the following minimum criteria: (i) an institution licensed by the state as a broker‐dealer (as defined in Section 25004 of the Corporations Code), or from a member of a federally regulated securities exchange, from a national or state‐ chartered bank, from a savings association or federal federal or state association (as defined by Section 5102 of the Financial Code), or from a brokerage firm designated as a primary government dealer by the Federal Reserve bank; and (ii) all broker‐/dealer firms and individuals must be properly registered with the FINRANASD and/or SEC to transact business in the relevant geographic locations and product sectors. In addition, counterparties for Repurchase Agreements shall be limited to primary government securities dealers rated “A” or better by two NRSROs. Counterparties shall also have (i) a short‐term credit rating of at least P‐1/A‐1/or F‐1; (ii) minimum assets and capital size of $25 billion in assets and $350 million in capital; (iii) five years of acceptable audited financial results; and (iv) a strong reputation among market participants. The Chief Financial Officer shall select broker‐/dealers and other financial institutions on the basis of the firm’s expertise and creditworthiness. The Commission shall annually send a copy of the current investment policy to all securities professionalsdealers approved to do business with the Commission. Each broker/dealersecurities professional, or financial institution, or any other consultant providing investment advice, as determined in the sole discretion of the Executive Director or designee, that has been authorized by the Commission shall be required to submit and annually update a Broker/Dealer Questionnaire which includes the firm’s most recent financial statements. The Chief Financial Officer shall maintain a file for each firm approved for investment purposes, which includes the most recent Broker/Dealer Questionnaire. XII. Safekeeping and Custody To protect the Commission’s assets, all securities owned by the Commission shall be held in safekeeping in the Commission’s name by a third party bank trust department, acting as agent for the Commission under the terms of a custody agreement executed by the bank and the Commission. All securities will be received and delivered using standard delivery versus payment (DVP) procedures; the Commission's safekeeping agent will only release payment for a security after the security has been properly delivered. Physical delivery securities shall be avoided whenever possible, as book entry securities are much easier to transfer and account for since actual delivery of a document never takes 289 Revised December 148, 20221 place. In addition, delivered securities must be properly safeguarded against loss or destruction. The potential for fraud and loss increases with physically delivered securities. XIII. Ethics and Conflicts of Interest The Commission adopts the following policy concerning conflicts of interest: 1. Officers and employees involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program or which could impair their ability to make impartial investment decisions. 2. Officers and employees involved in the investment process shall disclose any material financial interest in any financial institution that conducts business with the Commission, and they shall further disclose any large personal financial/investment positions that could be related to the performance of the Commission’s portfolio. 3. Officers shall refrain from undertaking personal investment transactions with the same individual with whom business is conducted on behalf of the Commission. XIV. Investment Policy Review The Chief Financial Officer shall annually render to the Commission a statement of investment policy, which the Commission must consider at a public meeting. Any changes to the policy shall also be considered by the Commission at a public meeting. 290 Revised December 14, 2022 INVESTMENT POLICY I. Introduction The purpose of this document is to identify policies and procedures that enhance opportunities for a prudent investment program and to organize and formalize investment-related activities. II.Scope It is intended that this Policy cover all funds (except retirement funds) and investment activities under the direction of the Commission serving as the Riverside County Transportation Commission’s governing board. Investment activities may be classified between operating and bond/debt portfolios. III.Delegation of Authority The Commission’s management responsibility for the investment program is hereby delegated for a one-year period to the Executive Director who shall monitor and review all investments for consistency with this investment policy. Subject to review, the Commission may renew the delegation of authority pursuant to this section each year. The Executive Director may delegate these duties to a designee (“Chief Financial Officer”). The Commission may delegate its investment decision making and execution authority to an investment advisor. The advisor shall follow this Policy and such other written instructions as are provided. IV.Prudence All persons authorized to make investment decisions on behalf of the Commission are subject to the prudent investor standard. Investments shall be made with care, skill, prudence and diligence under circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the Commission that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the Commission. Authorized individuals acting in accordance with this Policy and written procedures and exercising due diligence shall be relieved of personal responsibility for an individual ATTACHMENT 3 291 Revised December 14, 2022 security’s credit risk or market price changes, provided deviations from expectations are reported in a timely fashion. V.Objective The Commission’s primary investment objectives, in priority order, shall be: 1.Safety. Safety of principal is the foremost objective of the investment program. Investments of the Commission shall be undertaken in a manner that seeks to ensure preservation of capital in the portfolio. 2. Liquidity. The investment portfolio of the Commission will remain sufficiently liquid to enable the Commission to meet its cash flow requirements. 3.Return on Investment. The investment portfolio of the Commission shall be designed with the objective of maximizing return on its investments, but only after ensuring safety and liquidity. The Commission may from time to time sell securities that it owns in order to better reposition its portfolio assets in accordance with updated cash flow schedules, yield opportunities existing between market sectors, or simply market timing. VI.Investments California Government Code Section 53601 governs the investments permitted for purchase by the Commission. Within the investments permitted by Code, the Commission seeks to further restrict eligible investments to the investments listed in Section VI.1 below. Percentage limitations, where indicated, apply at the time of purchase. Percentage holdings with any one non-U.S. Government issuer or non-Federal Agency issuer are further restricted to a maximum of 10% (direct and indirect commitments), except as otherwise noted. Rating requirements where indicated, apply at the time of purchase. In the event a security held by the Commission is subject to a rating change that brings it below the minimum specified rating requirement, the Chief Financial Officer shall be authorized to act immediately and to notify the Commission of any actions taken in regards to the security. The course of action to be followed will then be decided on a case-by-case basis, considering such factors as the reason for the rating drop, prognosis for recovery or further rating drops, and the market price of the security. 292 Revised December 14, 2022 1.Eligible Investments A. U.S. Government Issues. United States Treasury notes, bonds, bills, or certificates of indebtedness, or those for which the faith and credit of the United States are pledged for the payment of principal and interest. B.Federal Agency Securities. Federal agency or United States government- sponsored enterprise obligations, participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or United States government-sponsored enterprises. C.Supranational Obligations. Obligations issued, or unconditionally guaranteed, by the following supranational institutions: 1.International Bank for Reconstruction and Development; and 2.International Finance Corporation. Such securities must have a maximum maturity of four (4) years and ratings from at least one Nationally Recognized Statistical Rating Organization (NRSRO) as follows: at least “Aa/AA/or AA” which denotes “Aa2” by Moody’s Investors Service (Moody’s), or “AA” by S&P Global Ratings (S&P), or “AA” by Fitch Ratings (Fitch); or as otherwise approved by the Commission. Investments in supranational obligations are limited to a maximum of 20% of Commission funds with no more than 10% of funds invested in any one supranational institution. D.Municipal Bonds. Registered treasury notes or bonds of any of the other 49 United States, in addition to California, payable solely out of the revenues from a revenue- producing property owned, controlled, or operated by a state or by a department, board, agency or authority of any of the other 49 United States, in addition to California. Such securities must have a maximum maturity of five (5) years and ratings from at least one NRSRO as follows: at least “A1/A+/or A+”; or as otherwise approved by the Commission. Registered general obligation treasury notes or bonds of any of the 50 United States. Such securities must have a maximum maturity of five (5) years and ratings from at least one NRSRO as follows: at least “A1/A+/or A+” or as otherwise approved by the Commission. Taxable or tax-exempt bonds, notes, warrants, or other evidences of indebtedness of any local agency within the State of California with a maximum maturity of five (5) years and ratings from at least one NRSRO 293 Revised December 14, 2022 as follows: at least “A1/A+/or A+” (the minimum rating shall apply to the local agency, irrespective of any credit enhancement), including bonds, notes, warrants, or other evidences of indebtedness payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by either the local agency, a department, board, agency, or authority of the local agency, or of any local agency within this state. Investments in municipal bonds are further limited to 25% of the Commission’s funds. E.Tri-Party Repurchase Agreements. Tri-party repurchase agreements are to be used solely as short-term investments not to exceed 30 days. The Commission may enter into tri-party repurchase agreements with primary government securities dealers rated “A” or better by two NRSROs. Counterparties should also have (i) a short-term credit rating of at least P- 1/A-1/ or F-1; (ii) minimum assets and capital size of $25 billion in assets and $350 million in capital; (iii) five years of acceptable audited financial results; and (iv) a strong reputation among market participants. The following collateral restrictions will be observed: Only U.S. Treasury securities or Federal Agency securities, as described in V.1 A and B, will be acceptable collateral. All securities underlying tri-party repurchase agreements must be delivered to the Commission's custodian or fiscal agent bank versus payment or be handled under a properly executed tri- party repurchase agreement. The total market value of all collateral for each tri-party repurchase agreement must equal or exceed 102% of the total dollar value of the money invested by the Commission for the term of the investment. For any tri-party repurchase agreement with a term of more than one day, the value of the underlying securities must be reviewed on an on-going basis according to market conditions. Market value must be calculated each time there is a substitution of collateral. The Commission or its trustee shall have a perfected first security interest under the Uniform Commercial Code in all securities subject to tri-party repurchase agreement. The Commission shall have properly executed a PSA agreement with each counterparty with which it enters into tri-party repurchase agreements. F. U.S. Corporate Debt. Medium-term notes, defined as all corporate and depository institution securities with a maximum remaining maturity of five (5) years or less, issued by corporations organized and operating within the United States or depository institutions licensed by the United States or any state and operating within the United States. Eligible investment shall be rated at least “A1/A+/ or A+” by at least one NRSRO. 294 Revised December 14, 2022 Investments in U.S. Corporate Debt are further limited to 25% of the Commission’s funds. G.Commercial Paper. Commercial paper rated in the highest category by one or more nationally recognized statistical rating organization (NRSRO). The entity that issues the commercial paper shall meet all of the following conditions in either paragraph (1) or paragraph (2): (1)The entity meets the following criteria: (A) Is organized and operating in the United States as a general corporation. (B) Has total assets in excess of five hundred million dollars ($500,000,000). (C) Has debt other than commercial paper, if any, that is rated “A” or higher by at least one NRSRO. (2)The entity meets the following criteria: (A) Is organized within the United States as a special purpose corporation, trust, or limited liability company. (B) Has program-wide credit enhancements, including, but not limited to, over collateralization, letters of credit, or surety bond. (C) Has commercial paper that is rated at least “P-1/A-1/or F-1”, or the equivalent, by at least one NRSRO. Purchases of eligible commercial paper may not exceed 270 days maturity nor represent more than 10% of the outstanding paper of an issuing corporation. Investments in commercial paper are limited to a maximum of 25% of the Commission’s funds. H.Banker’s Acceptances. Banker's acceptances issued by domestic or foreign banks, which are eligible for purchase by the Federal Reserve System. Purchases of banker’s acceptances may not exceed 180 days maturity. Eligible banker’s acceptances are restricted to issuing financial institutions with short-term paper rated in the highest category by one or more nationally recognized rating service. Investments in banker’s acceptances are further limited to 40% of the Commission’s funds with no more than 30% of the Commission’s funds invested in the banker’s acceptances of any one commercial bank. I.Money Market Mutual Funds. Shares of beneficial interest issued by diversified management companies that are money market funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940 (15 U.S.C. Sec. 80a-1, et seq.) and that invest solely in U.S. treasuries, obligations of the U.S. Treasury, and repurchase agreements relating to such treasury obligations. The Commission may invest in shares of beneficial interest issued by a company that shall have met either of the following criteria: (1) Attained 295 Revised December 14, 2022 the highest ranking or the highest letter and numerical rating provided by not less than two nationally recognized rating services. (2) Retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience managing money market mutual funds with assets under management in excess of five hundred million dollars ($500,000,000). The purchase price of shares of beneficial interest purchased pursuant to this subdivision shall not include any commission that the companies may charge. Investments in Money Market Mutual Funds are further limited to 20% of the Commission’s funds. J.Riverside County Pooled Investment Fund (“RCPIF”). The Commission may invest in the Riverside County Pooled Investment Fund. As on-going due diligence, the Chief Financial Officer shall obtain the information listed below: •A description of eligible investment securities and a written statement of investment policy. •A description of the interest calculation, the frequency of interest distributions, and the treatment of gains and losses in the portfolio. •A description of how often the securities are priced, how the securities are safeguarded, and the audit arrangements. •A description of who may invest in the program, how often they may invest, and what size deposits and withdrawals are allowed. •A schedule for receiving statements and portfolio listings. •A fee schedule, and when and how fees are assessed. •The composition of the investment fund for each reporting period. K.State of California Local Agency Investment Fund (“LAIF”). The Commission may invest in LAIF. As on-going due diligence, the Chief Financial Officer shall obtain the information listed below: •A description of eligible investment securities and a written statement of investment policy. •A description of the interest calculation, the frequency of interest distributions, and the treatment of gains and losses in the portfolio. •A description of how often the securities are priced, how the securities are safeguarded, and the audit arrangements. •A description of who may invest in the program, how often they may invest, and what size deposits and withdrawals are allowed. 296 Revised December 14, 2022 •A schedule for receiving statements and portfolio listings. •A fee schedule, and when and how fees are assessed. •The composition of the investment fund for each reporting period. L.Certificates of Deposit. Negotiable Certificates of Deposit (NCD’s): NCDs are money market instruments issued by a bank. They specify that a sum of money has been deposited, payable with interest to the bearer of the certificates on a certain date. NCDs are issued by nationally or state chartered bank or state or federal savings and loan association. All purchases must be from institutions rated the highest letter and number rating (e.g., P-1/A-1/or F- 1)as provided for by at least one NRSRO, as designated by the U.S. Securities and Exchange Commission. The maturity of NCDs shall not exceed one (1) year to maturity, and purchases of NCDs shall not exceed 30% of the Commission’s investment portfolio. NCDs shall be evaluated in terms of the creditworthiness of the issuing institution, as these deposits are uninsured and uncollateralized promissory notes. FDIC-insured Certificates of Deposit: The principal amount of the investment must be federally insured through the Federal Deposit Insurance Corporation (FDIC). No more than the prevailing FDIC insured coverage amount may be invested with any one deposit. Certificates of Deposit placed through the Certificate of Deposit Account Registry Service (CDARS) shall be considered fully insured, assuming that the total amount invested with any participating bank is limited to the prevailing FDIC insured coverage amount. Interest on the principal must be paid to the Commission at least annually. The placement of Certificates of Deposit with local banks that qualify in accordance with Government Code section 53601(h) is encouraged. The Commission, at its discretion, may invest a portion of its funds in certificates of deposit at a commercial bank, savings bank, savings and loan association, or credit union using a private sector entity to assist in the placement of such certificates, provided that it complies with Government Code Section 53601.8. Such investments may not exceed in total 20% of the Commission’s funds invested pursuant to Government Code Sections 53601.8, 53635.8 and 53601, and shall have a maximum maturity of one (1) year from the date of the deposit. Collateralized Certificates of Deposit: For investments exceeding $100,000, there will be a waiver of collateral for the first $100,000 deposited and protected by FDIC insurance. The remainder of the deposit shall be fully collateralized by U.S. Treasury and Federal Agency securities having maturities less than five years. The Commission must receive written confirmation that these securities have been pledged in 297 Revised December 14, 2022 repayment of the time deposit. The securities pledged as collateral must have a current market value greater than the dollar amount of the deposit in keeping with the ratio requirements specified in Section 53652 of the Government Code. Additionally, a statement of the collateral shall be provided to the Commission on a monthly basis. Such investments may not exceed in total 15% of the Commission’s funds invested pursuant to Government Code Sections 53601.8, 53635.8 and 53601, and shall have a maximum maturity of one (1) year from the date of the deposit. M.Time Deposits. Federal Deposit Insurance Corporation insured money market savings accounts or time deposits which are deposited through depository institutions which are participants of the Money Market Insured Deposit Account Service (“MMIDAS”). N.Mortgage and Asset-backed Securities. Any mortgage pass-through security, collateralized mortgage obligation, mortgage-backed or other pay-through bond, equipment lease-backed certificate, consumer receivable-backed bond of a maximum maturity of five (5) years. Securities eligible for investment under this subdivision shall be issued by an issuer and rated at least “A3/A-/or A-” for the issuer’s debt as provided by at least one NRSRO and rated in the rating category of “AAA” or its equivalent (excluding U.S. Government/Agency-backed structured products which will be permitted with their prevailing ratings even if those ratings are below the rating category of “AAA”) by at least one NRSRO. Purchase of these securities may not exceed 10% of the Commission’s operating investment portfolio. 2.Eligible Investments for Bond Proceeds Bond proceeds shall be invested in securities permitted by the applicable bond documents. If the bond documents are silent as to permitted investments, bond proceeds will be invested in securities permitted by this Policy. With respect to maximum maturities, the Policy authorizes investing bond reserve fund proceeds beyond the five (5) years if prudent in the opinion of the Chief Financial Officer. 3. Ineligible Investments The Commission shall not invest any funds in the types of securities as provided in California Government Code Section 53601.6. 298 Revised December 14, 2022 The purchase of any security not listed in Section VI.1 above, but permitted by the California Government Code, is prohibited unless the Commission approves the investment either specifically or as a part of an investment program approved by the Commission. VII.Maximum Maturities Maturities of investments will be selected to provide necessary liquidity, minimize interest rate risk, and maximize earnings. Current and expected yield curve analysis will be monitored and the portfolio will be invested accordingly. Because of inherent difficulties in accurately forecasting cash flow requirements, a portion of the portfolio should be continuously invested in readily available funds. Where this Policy does not specify a maximum remaining maturity at the time of the investment, no investment shall be made in any security, other than a security underlying a repurchase or reverse repurchase agreement authorized by this section, that at the time of the investment has a term remaining to maturity in excess of five (5) years. VIII.Performance Standards The Chief Financial Officer shall continually monitor and evaluate the portfolio’s performance. IX.Reporting The Executive Director or designee shall prepare and provide to the Commission a monthly report, within 30 days following the end of the month, which includes the following information: •Type of investment; •Issuer name; •Date of maturity; •Dollar amount invested in all securities, and investments and monies held by the local agency; •A description of the funds, investments, and programs (including lending programs) managed by contracted parties; •Current market value of securities; •A statement of compliance with the investment policy or an explanation for non-compliance; and•A statement denoting the ability of the Commission to meet its liquidity requirements for the next six months, or provide an explanation as to why sufficient money, shall or may not be available. 299 Revised December 14, 2022 X.Investment Procedures The Chief Financial Officer, as the Commission’s designee, is responsible for ensuring compliance with the Commission’s investment policies and establishing written procedures and internal controls for the operation of the investment program. No person may engage in investment transactions except as provided under the terms of this Policy and the written procedures established by the Chief Financial Officer. The written procedures should address: delegation of authority to subordinate staff members, control of collusion, separation of transaction authority from accounting and record keeping, written confirmations of transactions, reconciliation of custody statements, and wire transfer procedures and agreements. An independent analysis by an external auditor shall be conducted annually to review internal control, account activity, and compliance with policies and procedures. XI.Authorized Broker-Dealers and Financial Institutions The Chief Financial Officer shall maintain a list of authorized broker-dealers and financial institutions which are approved for investment purposes. It shall be the Commission’s policy to purchase securities only from those authorized institutions and firms (unless purchased directly from the issuer). Separate lists shall be maintained for broker-dealers and financial institutions approved for repurchase agreements and those approved for the purchase of other securities. If an investment advisor is used, they may use their own list of approved broker-dealers and financial institutions for investment purposes. To be eligible, a firm must meet the following minimum criteria: (i) an institution licensed by the state as a broker-dealer (as defined in Section 25004 of the Corporations Code), or from a member of a federally regulated securities exchange, from a national or state- chartered bank, from a savings association or federal association (as defined by Section 5102 of the Financial Code), or from a brokerage firm designated as a primary government dealer by the Federal Reserve bank; and (ii) all broker-dealer firms and individuals must be properly registered with the FINRA and/or SEC to transact business in the relevant geographic locations and product sectors. In addition, counterparties for Repurchase Agreements shall be limited to primary government securities dealers rated “A” or better by two NRSROs. Counterparties shall also have (i) a short-term credit rating of at least P-1/A-1/or F-1; (ii) minimum assets and capital size of $25 billion in assets and $350 million in capital; (iii) five years of acceptable audited financial results; and (iv) a strong reputation among market participants. The Chief Financial Officer shall select broker-dealers and other financial institutions on the basis of the firm’s expertise and creditworthiness. The Commission shall annually send a copy of the current investment policy to all securities professionals approved to do business with the Commission. Each securities professional, financial institution, or 300 Revised December 14, 2022 any other consultant providing investment advice, as determined in the sole discretion of the Executive Director or designee, that has been authorized by the Commission shall be required to submit and annually update a Questionnaire which includes the firm’s most recent financial statements. The Chief Financial Officer shall maintain a file for each firm approved for investment purposes, which includes the most recent Questionnaire. XII.Safekeeping and Custody To protect the Commission’s assets, all securities owned by the Commission shall be held in safekeeping in the Commission’s name by a third party bank trust department, acting as agent for the Commission under the terms of a custody agreement executed by the bank and the Commission. All securities will be received and delivered using standard delivery versus payment (DVP) procedures; the Commission's safekeeping agent will only release payment for a security after the security has been properly delivered. Physical delivery securities shall be avoided whenever possible, as book entry securities are much easier to transfer and account for since actual delivery of a document never takes place. In addition, delivered securities must be properly safeguarded against loss or destruction. The potential for fraud and loss increases with physically delivered securities. XIII.Ethics and Conflicts of Interest The Commission adopts the following policy concerning conflicts of interest: 1.Officers and employees involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program or which could impair their ability to make impartial investment decisions. 2.Officers and employees involved in the investment process shall disclose any material financial interest in any financial institution that conducts business with the Commission, and they shall further disclose any large personal financial/investment positions that could be related to the performance of the Commission’s portfolio. 3.Officers shall refrain from undertaking personal investment transactions with the same individual with whom business is conducted on behalf of the Commission. XIV.Investment Policy Review The Chief Financial Officer shall annually render to the Commission a statement of investment policy, which the Commission must consider at a public meeting. Any changes to the policy shall also be considered by the Commission at a public meeting. 301 ANNUAL INVESTMENT POLICY Sergio Vidal, Chief Financial Officer Budget and Implementation Committee November 28, 2022 1 ANNUAL INVESTMENT POLICY Primary Objectives: •Safety of Principal •Sufficient Liquidity •Maximize Return on Investments 2 ANNUAL INVESTMENT POLICY Background: •Reviewed relevant Government Code SectionsrelatedtoInvestments •Received feedback from Securities Professionals whomanageCommissionFunds •Consulted with Legal Counsel 3 ANNUAL INVESTMENT POLICY Proposed changes to the policy: •Administrative changes: •In accordance with the government code section •Expansion of third-parties who are subject to due diligence provisions •Minor language updates •Reporting: •Provide a monthly staff report to the Commission 4 NEXT STEPS Items for Consideration: •Approve the revised annual Investment Policy •Adopt Resolution No. 22-020 “Resolution of the Riverside County Transportation Commission Regarding the Revised Investment Policy” Submission of Reports •December 2022 investment report submitted for the January / February Commission cycle 5 THANK YOU QUESTIONS 6 AGENDA ITEM 8 Agenda Item 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: November 28, 2022 TO: Budget and Implementation Committee FROM: David Knudsen, External Affairs Director THROUGH: Aaron Hake, Deputy Executive Director SUBJECT: 2023 State and Federal Legislative Platform and Legislative Update STAFF RECOMMENDATION: This item is for the Committee to recommend the Commission take the following action(s): 1) Adopt the Commission’s 2023 State and Federal Legislative Platform; and 2) Receive and file a state and federal legislative update. BACKGROUND INFORMATION: Draft 2023 State and Federal Legislative Platform The Commission annually adopts a legislative platform that serves as the framework for policy positions the Commission will take on various pieces of legislation, administrative policies, and regulations. The platform addresses broad themes that are critical in both Sacramento and Washington, D.C. These platform points allow staff, Commissioners, and the Commission’s lobbyists to communicate in a timely, effective manner with state and federal agencies and elected representatives as issues arise. The proposed 2023 State and Federal Legislative Platform builds on previously adopted Commission platforms. Recommended adjustments to the 2022 Commission-adopted platform are based on lessons learned from the 2021-2022 state legislative session, including the introduction of Assembly Bill (AB) 1778 (Cristina Garcia), AB 2237 (Friedman), AB 2438 (Friedman), and transportation policies like the California Action Plan for Transportation Infrastructure (CAPTI) and California Transportation Assessment Report pursuant to AB 285 (Friedman). Adjustments include: • Ensuring that regions like Riverside County with growing diverse populations priced out from coastal urban centers receive their fair share of state and federal funding resources, as well as due flexibility and variance in policy implementation; • Opposing implementation measures associated with climate action goals if they hinder a just transition to multimodal transportation systems in Riverside County; • Supporting multimodal transit projects that promote equitable access through geographic reach and service frequency, commuter and mobility choice, and 303 Agenda Item 8 environmental sustainability, as well as maximizes regional competitiveness for state and federal funding; • Supporting environmental streamlining of multimodal transit projects and safety improvements on road and highways; and • Recognizing work already being done to incorporate active transportation improvements into other projects, such as interchange improvements. In addition, it is necessary for the Commission to underscore its support for environmental sustainability, wildlife connectivity, and air quality improvement measures consistent with RCTC’s mission. Staff also spent time reorganizing the platform format for a more readable document. Clarifying edits included moving provisions in the platform to more appropriate sections, updating wording to better reflect current policy, and removing duplicative issue areas. These changes are not intended to alter RCTC’s core policy goals, initiatives, or values, including: • Opposing any mandates that could nullify RCTC priorities; • Supporting the Commission’s independent authority and decision-making; and • Ensuring the project delivery of the voter-approved Measure A expenditure plan. The proposed 2023 State and Federal Legislative Platform is attached, with track changes, to highlight additions and deletions from the adopted 2022 version. Coachella Valley Rail Following the successful Coachella Valley Rail (CV Rail) advocacy trip to Washington, D.C. this past September, RCTC requested a meeting with California State Transportation Secretary Toks Omishakin to outline the Commission’s efforts and future vision for passenger rail service to the Coachella Valley. Secretary Omishakin and CalSTA’s Chief Deputy Secretary for Rail and Transit, Chad Edison, met with RCTC Chair V. Manuel Perez, Commissioner Lisa Middleton, and staff on November 2, 2022. Both officials offered strong support for CV Rail and RCTC’s project goals. RCTC is seeking $20 million in funding from the federal Consolidated Rail Infrastructure and Safety Improvements (CRISI) grant program to help fund and complete the Tier 2 project-level environmental studies for CV Rail. After the Commission unanimously certified the Tier 1 program-level environmental document in July, RCTC and Caltrans immediately began seeking the necessary funding to complete the Tier 2 studies, including an analysis of detailed engineering and environmental topics, helping to move the project closer to construction. Tier 2 will cost approximately $60 million to complete. RCTC and Caltrans will submit the CV Rail CRISI application by the December 1, 2022 deadline. 304 Agenda Item 8 Federal Update Congress continues to work on appropriations bills to fund federal programs for Federal Fiscal Year 2023. There is a Continuing Resolution (CR) in place that provides funding for the federal government through December 16th. To date, Congress has not yet passed any of the 12 appropriations bills and will be unable to do so until there is a budget agreement that sets spending levels for defense and non-defense discretionary programs. It is unclear at this time if such a budget agreement can be reached prior to December 16 or if another CR will be needed to avoid a federal government shutdown. Congress may also try and address several other items before adjourning for the year, including. authorization of defense programs, additional disaster relief and aid to Ukraine, and raising the debt ceiling. The midterm elections have resulted in a change of control in the House of Representatives. This change will mean new leaders on House Committees that handle transportation issues. It is expected that both the House and Senate will continue to conduct oversight hearings on the Infrastructure Investment and Jobs Act during the next Session of Congress. FISCAL IMPACT: This is a policy and information item. There is no fiscal impact. Attachments: 1) Draft 2023 Legislative Platform – Redline version 2) Draft 2023 Legislative Platform – Edits accepted version 3) State and Federal Update Legislative Matrix - November 2022 305 OBJECTIVE: The 20232 State and Federal Legislative Platform serves as the framework that will guide Riverside County Transportation Commission’s (RCTC or Commission)’s advocacy efforts for state and federal policy and funding decisions that enable Riverside County Transportationthe Commission (RCTC) to: implement Measure A, the Regional Transportation Plan (RTP), and adopted plans and programs; comply with state and federal requirements; and provide greater mobility, equitable access, improved quality of life, operational excellence, and economic vitality in Riverside County. RCTC’s State and Federal Legislative Platform offers positions on key policy issues which are likely to be the focus in the next legislative and congressional sessions. Equity and Fairness Ensure that rural, low‐ income, and disadvantaged communities in Riverside County benefit from equity‐based transportation planning and implementation policies. State and federal funding should be distributed equitably to Riverside County. This includes core formula funding as well as supplemental distributions. Governance structures should ensure equitable representation and decision‐making authority is provided to Riverside County. Policies should be implemented recognizing regional variance by distinguishing high‐growth regions for their impact on the economy, environment, and should be dynamic in order to address current and future population growth, including low‐income and disadvantaged communities priced out of coastal urban centers. Engage in policy discussions regarding the way public outreach and public meetings are conducted by public agencies. Regional Control Project selection and planning authority for state/federal funds should be as local as possible, preferably in the hands of the Commission. State and federal rulemakings, administrative processes, program guidelines, and policy development activities should include meaningful collaboration from regional transportation agencies. Oppose efforts by non‐transportation interests to assert control over transportation funding and decision‐making. Policies should be sensitive to each region’s unique needs and avoid “one size fits all” assumptions, over‐reliance on one single modes of transportation that would disadvantage regional mobility, and lack of distinction between urban, suburban, and rural needs. State and federal policies should align authority to select projects, manage performance, and should recognize mandates and responsibilities placed upon regional and local governments. Protect Our Authority and Revenue Existing statutory authorities for the Commission should be preserved and protected. Oppose efforts to infringe on the Commission’s discretion in collecting and administering its revenue sources including, but not limited to: Measure A, tolls, and TUMF. ATTACHMENT 1 ϯϬϲ  Oppose efforts to place mandates on agencies which could nullify RCTC priorities bywould drivinge up operating costs and thereby reducinge the amount of funds available to deliver mobility improvements which could nullify RCTC priorities.  Oppose efforts to remove or reduce tax exemption on municipal bond interest to avoid increased costs to financed projects.  Reinstate advanced Support the ability to issue tax‐exempt refunding of municipal bond authoritys.  Oppose legislation that restructures or interferes with governance of the Commission or other local and regional transportation agencies without the support and consent of the entity affected.  Oppose legislation that amends procurement law in a manner that increases the Commission’s exposure to litigation, costs, decreased private sector competition, conflicts of interest, or deviation from best practices.  Support legislation that facilitates collection and remittance of sales taxes on e‐commerce.  Support efforts to preserve, stabilize, leverage and/or increase funding for transportation.  Ensure the Commission receives maximum sales tax collections resulting from implementation of the Wayfair Supreme Court Decision relative to state sales taxes on internet sales or any other change in policy. Innovation  Support implementation and expansion of U.S. Department of Transportationstate and federal initiatives to expedite and advance innovative transportation policies, programs, and technologies. Project Delivery Streamlining  Support all efforts to reduce project delivery timelines and provide flexibility to meet planning requirements due to changing circumstances, while maintaining important environmental protections.  Support the availability of project delivery tools such as the design‐build project delivery method, construction manager/general contractor (CM/GC, or construction manager at‐risk) project delivery method, and public‐private partnerships to the Commission, the State, federal agencies, and other infrastructure agencies. Oppose efforts to add barriers to effective implementation of such tools.  Support the simplification of SB 743 Steinberg (Chapter 386, Statutes of 2013) VMT modeling and analysis for highway projects.   Support reciprocity of the California Environmental Quality Act (CEQA) for the National Environmental Protection Act (NEPA).  Support removing the statutory sunset on the NEPA Assignment program California participates in with the Federal Highway Administration which continues to benefit Commission projects.  Support reforms to accelerate project delivery in future surface transportation legislation .  Engage with the California Department of Transportation (Caltrans) and U.S. Department of Transportation to allow the State and the Commission to participate in the NEPA reciprocity pilot program.Support further efforts to streamline the federal environmental project approval processes and provide flexibility to meet planning requirements due to changing circumstances.  Support creation of a low‐interest loan program to support habitat conservation plans that mitigate the impacts of transportation infrastructure and make project approvals more efficient.  Support efforts to modernize the CEQA, including but not limited to: o Reduce the Commission’s exposure to litigation; o Increase accountability and disclosure for plaintiffs in CEQA cases; o Limit courts’ ability to invalidate an entire CEQA document when a writ of mandate can resolve discreet issues; o Exempt illegal actions from CEQA review; and ϯϬϳ o Prohibit “document dumping.”. o  Support categorical exclusions for multimodal transit projects and for safety improvements on roads and highways. Accountability  Revenue derived from transportation sources should be spent exclusively on planning, development, and implementation of transportation projects. Support measures to strengthen the relationship between transportation revenue and expenditures; oppose measures that weaken them.  Support efforts to ensure that all projects in a voter‐approved sales tax measure expenditure plan are delivered to the public.  Encourage the adoption of on‐ time, balanced state budgets, and federal appropriation and authorization legislation to ensure transportation projects are delivered without delay or costly stoppages, and that adequate planning for future projects can take place.  Promote policies that ensure state and federal agencies have adequate funding in order to be responsive and accountable to Commission concerns when working on Commission projects.  Oppose efforts by non‐elected, regulatory bodies to dilute, reduce, or withhold transportation funds.  Support maximum transparency by of funding agencies in through the clearrevealing scoring and evaluation of funding requests. Alignment of Responsibilities  Support strong collaborative partnerships with state and federal agencies.  Support local control and policies that reflect and recognizeincentivize self‐help counties’ continued funding contribution to transportation projects in California. Oppose policies that give outsized weight to minority funding partners.  Advocate that Cap‐and‐Trade revenues be expended in a manner that enables regions to meet greenhouse gas reduction goals in SB 375, AB 32, and SB 32.  Support policies that provide decision‐making authority and flexibility to agencies bearing financial risk for projects. Oppose policies that place unfunded mandates and other undue burdens and restrictions on agencies that bear financial risk for projects.  Support efforts by the state and federal governmentss to improve maintenance and operations of the state highway and interstate systems. Oppose efforts to realign maintenance and operations costs and responsibilities to local or regional agencies.  Oppose efforts by state and federal governments to negate their obligation to maintain the state and federal highway systems, or otherwise realign those costs and responsibilities to local and regional agencies.  Oppose efforts by the state legislature to deflect responsibility for voting on revenue for statewide transportation to local voters. Environment  Encourage efforts to limit impacts to the climate, air quality, and habitats in a manner that promotes improved quality of life and equitable outcomes for residents of Riverside County, provided that these efforts are sufficiently funded and do not negatively impact the mission of RCTC. Climate Action and Air Quality ϯϬϴ  Support a greater share of state greenhouse gas (GHG) reduction funds toward transportation investments to address the transportation sector’s share of GHG emissions.  Ensure criteria for defining disadvantaged communities and environmental justice areas of concern accurately represent Riverside County and enable the region to compete for funding.  Oppose efforts to place new environmental criteria (such as GHG reduction or vehicle miles traveled reduction) on transportation projects and programs without commensurate funding for alternatives or mitigations.  Oppose legislative proposals or implementation measures (programming, funding, environmental review, etc.) associated with the Climate Action Plan for Transportation Infrastructure (CAPTI), Caltrans System Investment Strategy (CSIS), Executive Order N‐19‐19, Executive Order N‐79‐20, AB 32 Nunez (Chapter 488, Statutes of 2006), SB 375 Steinberg (Chapter 728, Statutes of 2008), SB 743 Steinberg (Chapter 386, Statutes of 2013), SB 32 Pavley (Chapter 249, Statutes of 2016), AB 1278 Muratsuchi (Chapter 337, Statutes of 2022), or other climate action goals that hinder a just transition to multimodal transportation systems in Riverside County.  Support alternative metrics to Vehicle Miles Traveled (VMT) that more accurately account for environmental impacts. Support use of per capita measurements when mitigating transportation sector impacts in growing regions.  Support efforts that allow transportation agencies to receive retroactive credit for VMT‐reducing projects that have been recently delivered or are included in future delivery plans.  Oppose legislation to authorize a multicounty revenue measure for environmental programs if the measure is not required to: (1) provide equitable funding to Riverside County, and (2) be developed through formal consultation with the Commission before and after passage, and (3) involve the Commission in expenditure of funds within Riverside County related to transportation projects, programs, and services; or if such a measure would negatively impact the Commission’s ability to achieve voter approval of local transportation revenue. Habitat Conservation  Support efforts or initiatives that expedite the approval of Habitat Conservation Plans or Special Area Management Plans, or support existing plans for transportation projects.  Support funding for projects and programs that promote wildlife connectivity, if resources are not redirected from other transportation funding programs.  Oppose legislation that limits the streamlining benefit of the Western Riverside County Multiple Species Habitat Conservation Plan or Coachella Valley Multiple Species Habitat Conservation Plan by impugning or duplicating requirements for analysis and remediation of impacts. Alternatives to Driving  Support the continued development of a multimodal transit system in Riverside County that promotes equitable access through geographic reach and service frequency, commuter and mobility choice, and environmental sustainability, as well as maximizes regional competitiveness for state and federal funding.  Support integration of public transportation systems in southern California.  Ridesharing  Support incentives to employers that enhance or create transit reimbursement or ridesharing programs.  Oppose new mandates on employers or transportation agencies that would result in disruption of ϯϬϵ the Commission’s ridesharing program.  Support programs and policies that invest in and foster new technologies that promote ridesharing, traffic information, and commuter assistance.  Support regional cooperation toward establishing transportation data standards and technological integrations.  Support rideshare and vanpool program eligibility for state and federal transit funding, such as the Transportation Development Act. Active Transportation  Support maximum regional control of project selection for funding of active transportation projects.  Support policies and programs that recognize when active transportation improvements are incorporated into other modal projects. Transit and Rail  Support all transit operators in Riverside County with legislative concerns impacting the operators’ funding and operations.  Support efforts to provide flexibility of funding between capital and operating budgets from state/federal programs for transit agencies.  Support efforts to reevaluate transit performance measures in state and federal law.  Support policies and funding programs that promote the establishment or expansion of express bus service that utilizes the Riverside Express Lanes.  Support incentives for transit agencies that utilize alternative fuels and/or zero‐emission buses.  Advocate for expeditious reviews and approvals for greenhouse‐gas‐reducing rail and transit projects.  Support efforts to provide for streamlined project delivery for transit projects in Riverside County that fulfill the goals of AB 32 and SB 375, as well as other state and federal air quality mandates and mobility performance measures.  Support additional funding for specialized transit programs within state and federal programs.  Support funding for vanpool and micro‐transit programs, as well as efforts to classify these programs as transit operations/transit operators within state and federal programs.  Oppose additional zero‐emission bus transit unfunded mandates that would negatively impact the operating budgets of transit agencies.  Advocate for additional and more flexible state funding sources from the Cap‐and‐Trade Program. Passenger Rail  Support inclusion and prioritization of Coachella Valley‐San Gorgonio Pass Rail service in the California State Rail Plan, Federal Corridor ID Program, and other state and federal planning and funding effortss and program pipelines.  Support legislation to better enable the Coachella Valley‐San Gorgonio Pass Rail service to become part of California’s intercity rail network, such as legislation to allow intercity rail joint powers authorities to expand their service areas.  Support efforts to secure state and federal funding for the Coachella Valley‐San Gorgonio Pass Rail service project.  Support LOSSAN Rail Corridor Agency and Metrolink with legislative and regulatory concerns impacting funding and operations.  Support efforts to provide an equitable share of funding to Wwest Ccoast intercity rail systems as compared to the Northeast Corridor. ϯϭϬ  Support Metrolink’s policy and funding needs with regard to implementation of positive train control and other rail safety items.  Support Metrolink’s SCORE implementation and encourage early SCORE investments in Riverside County.  Support efforts to prioritize high‐speed rail funding for connectivity improvements to existing transit systems and infrastructure in California’s urban areas. In particular, support all efforts to ensure that funding is provided as soon as possible to projects included in the Memorandum of Understanding (MOU) between the California High Speed Rail Authority (CHSRA), the Southern California Association of Governments (SCAG), and the Commission.  Ensure that the Commission’s rights and interests in passenger rail in southern California are properly respected in state, federal, and regional plans and policies. Teleworking/Remote Working  Engage in policy discussions that utilize teleworking as a method to reduce traffic congestion and improve local economic and public health by permanently increasing the number of Riverside County residents who telecommute or work remotely. Tolling and Managed Lanes  Support legislation that ensures the full and accurate capture of toll revenues, to protect the Commission’s debt and congestion management obligations.  Support legislation that authorizes toll agencies to pilot or deploy new technology to improve toll operations and mobility.  Support legislation and policies that strengthen existing statutory authority for connecting toll segments to be implemented in an adjacent county with approvals by both authorized counties.  Engage in legislation regarding privacy laws to ensure an appropriate balance between customer privacy, public safety, financial obligation, and practical operations is reasonably met.  Oppose legislation increasing the type and/or number of vehicles subject to free or reduced toll rates, to protect the Commission’s debt and congestion management obligations, and to reduce operational costs and complexity.  Oppose state and federal policies which would dictate how tolling policy and rates are implemented on the Commission’s tolled facilities.  Engage in policy discussions that may involve legislation or regulatory efforts that add statutory barriers to expanding the use of tolling.  Oppose policies that would dictate, limit use of, or create onerous requirements for utilizing surplus toll revenue.  Engage in legislation and monitor administrative policies relating to interoperability of business practices of tolled facilities statewide, regionally, and nationally, in order to ensure technical feasibility, efficient and effective operations, cost reasonableness, and customer satisfaction.  Support increased enforcement of managed lanes for improved travel time reliability and effective operation of express bus service.  Support policies that recognize the role of pricing and managed lanes as an integral part of multi‐ modal corridor mobility and achieving environmental goals.  Support initiatives and research that demonstrate the air quality improvements, VMT reduction, and economic benefits from the use of toll and managed lanes.  Support additional Transportation Infrastructure Financing and Innovation Act (TIFIA) program flexibilities. Goods Movement ϯϭϭ  Policies should recognize the impact of goods movement from the Ports of Los Angeles and Long Beach and the U.S.‐Mexico border on Riverside County.  Support Congressional state and federal legislative action to continue dedicated funding for goods movement projects, inasmuch as the funding source: o Has a nexus to the user; o Does not reduce funding to existing highway and transit programs; o Provides funding to California, and southern California in particular, commensurate with this region and state’s significance to interstate goods movement; and o Can be spent on grade separation projects.  Provide input to the National Freight Advisory Committee and California State Freight Advisory Committee.  Advocate for accurate representation of Riverside County in the Primary Freight Network or other national or statewide freight route designations.  Advocate for freight funding from state and federal sources to be distributed based on a regional consensus, in consultation with state and federal agency’s freight plans.  Oppose increasing the capacity or intensity of freight movement in and near Riverside County without commensurate mitigation of impacts.  Support legislation to ensure that the Commission is eligible to seek federal goods movement and freight program discretionary grant funding.  Oppose policies that restrict the ability to deliver goods movement enhancements due to application of SB 743. Support efforts or initiatives that limit the liability of transportation projects for long‐term conservation or mitigation. Support efforts to increase the number of highway‐related improvements that qualify for Categorical Exclusions and Exemptions while remaining sensitive to environmental impacts. Projects  Support programs and policies that advantage transportation projects in Riverside County., including, but not limited to:  Measure A‐funded projects  Grade separations  Transit capital projects and operations by regional and municipal transit agencies  Commuter rail capital projects and operations  Intercity Rail Service to the Coachella Valley and San Gorgonio Pass  Local streets and road projects sponsored by the county and municipalities  Active transportation projects  Expansion and rehabilitation of the state highway system  Interchanges  Safety enhancements  Mitigation of the impacts of goods movement  Connectivity to high‐speed rail  Connectivity to commercial airports  Tolled express lanes, tolled highways, and related infrastructure and technology  Projects included in the Traffic Relief Plan adopted in May 2020  Technology projects that manage freeway operations  Electric Vehicle charging infrastructure  Locally led bridge projects  Animal corssings  Oppose policies that inhibit the efficient, timely delivery of such projects. ϯϭϮ Funding  Support continued testing and analysis of California’s road charge pilot program as a potential replacement of the state motor fuels excise tax as the primary funding mechanism for transportation and ensure that both urban, suburban, and rural communities are treated in an equitable manner.  Monitor the federal government’s pilot program to explore potential replacement mechanisms for the federal gasoline excise tax.  Support all efforts to maintain, at the very least, level state/federal funding for transportation programs.  Support re‐dedication of California truck weight fees to transportation accounts.  Monitor legislation relating to tax collection for impacts on Measure A revenues or administration fees.  Support maximizing Commission flexibility and discretion over funding decisions.  Policies should be sensitive to each region’s unique needs and avoid “one size fits all” assumptions, over‐reliance on one mode of transportation, and lack of distinction between urban, suburban, and rural needs.  Funding sources should be discretionary and distributed by population share to facilitate expeditious project delivery and expenditure of funds.  Support maintaining the legislative intent behind Senate Bill 1 (Statutes 2017) and historic base program funding, by: o Opposing efforts to tie distribution of transportation funding to ancillary policy matters, such as housing. o Opposing efforts to deviate from legislative intent and existing statute. o Supporting efforts to adjust formula allocations to maximize funding decisions being made as locally as possible. o Ensuring program guidelines are as broad as possible with respect to mode, to the extent appropriate while adhering to legislative intent. Regional Partnerships  Collaborate with regional transportation agencies to impact transportation funding and regulatory policies to bring equity and fairness to the Inland Empire region.  Collaborate with public and private sector stakeholders on policy and funding matters that enhance economic development and quality of life in the Inland Empire region.  Engage in legislative efforts impacting regional transportation agencies, particularly when the efforts have a nexus to the Commission.  Support implementation of projects in other counties that are contained in the Southern California Association of Governments RTP/Sustainable Communities Strategy when requested by other counties and not in conflict with the Commission’s interests. ϯϭϯ OBJECTIVE: The 2023 State and Federal Legislative Platform serves as the framework that will guide Riverside County Transportation Commission’s (RCTC or Commission) advocacy efforts for state and federal policy and funding decisions that enable the Commission to: implement Measure A, the Regional Transportation Plan (RTP), and adopted plans and programs; comply with state and federal requirements; and provide greater mobility, equitable access, improved quality of life, operational excellence, and economic vitality in Riverside County. RCTC’s State and Federal Legislative Platform offers positions on key policy issues which are likely to be the focus in the next legislative and congressional sessions. Equity and Fairness •Ensure that rural, low-income, and disadvantaged communities in Riverside County benefit from equity-based transportation planning and implementation policies. •State and federal funding should be distributed equitably to Riverside County. This includes core formula funding as well as supplemental distributions. •Governance structures should ensure equitable representation and decision-making authority is provided to Riverside County. •Policies should be implemented recognizing regional variance by distinguishing high-growth regions for their impact on the economy, environment, and should be dynamic to address current and future population growth, including low-income and disadvantaged communities priced out of coastal urban centers. •Engage in policy discussions regarding the way public outreach and public meetings are conducted by public agencies. Regional Control •Project selection and planning authority for state/federal funds should be as local as possible, preferably in the hands of the Commission. •State and federal rulemakings, administrative processes, program guidelines, and policy development activities should include meaningful collaboration from regional transportation agencies. •Oppose efforts by non-transportation interests to assert control over transportation funding and decision-making. •Policies should be sensitive to each region’s unique needs and avoid “one size fits all” assumptions, over-reliance on single modes of transportation that would disadvantage regional mobility, and lack of distinction between urban, suburban, and rural needs. •State and federal policies should align authority to select projects, manage performance, and should recognize mandates and responsibilities placed upon regional and local governments. Protect Our Authority and Revenue •Existing statutory authorities for the Commission should be preserved and protected. •Oppose efforts to infringe on the Commission’s discretion in collecting and administering its revenue sources including, but not limited to: Measure A, tolls, and TUMF. ATTACHMENT 2 314 • Oppose efforts to place mandates on agencies which could nullify RCTC priorities by driving up operating costs and thereby reducing the amount of funds available to deliver mobility improvements. • Oppose efforts to remove or reduce tax exemption on municipal bond interest to avoid increased costs to financed projects. • Reinstate advanced refunding of municipal bond authority. • Oppose legislation that restructures or interferes with governance of the Commission or other local and regional transportation agencies without the support and consent of the entity affected. • Oppose legislation that amends procurement law in a manner that increases the Commission’s exposure to litigation, costs, decreased private sector competition, conflicts of interest, or deviation from best practices. • Support efforts to preserve, stabilize, leverage and/or increase funding for transportation. • Ensure the Commission receives maximum sales tax collections resulting from implementation of the Wayfair Supreme Court Decision relative to state sales taxes on internet sales or any other change in policy. Innovation • Support implementation and expansion of state and federal initiatives to expedite and advance innovative transportation policies, programs, and technologies. Project Delivery Streamlining • Support all efforts to reduce project delivery timelines and provide flexibility to meet planning requirements due to changing circumstances, while maintaining important environmental protections. • Support the availability of project delivery tools such as the design-build project delivery method, construction manager/general contractor (CM/GC, or construction manager at-risk) project delivery method, and public-private partnerships to the Commission, the State, federal agencies, and other infrastructure agencies. Oppose efforts to add barriers to effective implementation of such tools. • Support the simplification of SB 743 Steinberg (Chapter 386, Statutes of 2013) VMT modeling and analysis for highway projects. • Support reciprocity of the California Environmental Quality Act (CEQA) for the National Environmental Protection Act (NEPA). • Support removing the statutory sunset on the NEPA Assignment program California participates in with the Federal Highway Administration which continues to benefit Commission projects. Engage with the California Department of Transportation (Caltrans) and U.S. Department of Transportation to allow the State and the Commission to participate in the NEPA reciprocity pilot program. • Support creation of a low-interest loan program to support habitat conservation plans that mitigate the impacts of transportation infrastructure and make project approvals more efficient. • Support efforts to modernize the CEQA, including but not limited to: o Reduce the Commission’s exposure to litigation; o Increase accountability and disclosure for plaintiffs in CEQA cases; o Limit courts’ ability to invalidate an entire CEQA document when a writ of mandate can resolve discreet issues; o Exempt illegal actions from CEQA review; and o Prohibit “document dumping.” • Support categorical exclusions for multimodal transit projects and for safety improvements on roads and highways. 315 Accountability • Revenue derived from transportation sources should be spent exclusively on planning, development, and implementation of transportation projects. Support measures to strengthen the relationship between transportation revenue and expenditures; oppose measures that weaken them. • Support efforts to ensure that all projects in a voter-approved sales tax measure expenditure plan are delivered to the public. • Encourage the adoption of on-time, balanced state budgets, and federal appropriation and authorization legislation to ensure transportation projects are delivered without delay or costly stoppages, and that adequate planning for future projects can take place. • Promote policies that ensure state and federal agencies have adequate funding in order to be responsive and accountable to Commission concerns when working on Commission projects. • Oppose efforts by non-elected, regulatory bodies to dilute, reduce, or withhold transportation funds. • Support maximum transparency of funding agencies through the clear scoring and evaluation of funding requests. Alignment of Responsibilities • Support strong collaborative partnerships with state and federal agencies. • Support local control and policies that incentivize self-help counties’ continued funding contribution to transportation projects in California. • Support policies that provide decision-making authority and flexibility to agencies bearing financial risk for projects. Oppose policies that place unfunded mandates and other undue burdens and restrictions on agencies that bear financial risk for projects. • Support efforts by the state governments to improve maintenance and operations of the state highway and interstate systems. • Oppose efforts by state government to negate their obligation to maintain the state and federal highway systems, or otherwise realign those costs and responsibilities to local and regional agencies. • Oppose efforts by the state legislature to deflect responsibility for voting on revenue for statewide transportation to local voters. Environment • Encourage efforts to limit impacts to the climate, air quality, and habitats in a manner that promotes improved quality of life and equitable outcomes for residents of Riverside County, provided that these efforts are sufficiently funded and do not negatively impact the mission of RCTC. Climate Action and Air Quality • Support a greater share of state greenhouse gas (GHG) reduction funds toward transportation investments to address the transportation sector’s share of GHG emissions. • Ensure criteria for defining disadvantaged communities and environmental justice areas of concern accurately represent Riverside County and enable the region to compete for funding. • Oppose efforts to place new environmental criteria (such as GHG reduction or vehicle miles traveled reduction) on transportation projects and programs without commensurate funding for alternatives or mitigation. • Oppose legislative proposals or implementation measures (programming, funding, environmental 316 review, etc.) associated with the Climate Action Plan for Transportation Infrastructure (CAPTI), Caltrans System Investment Strategy (CSIS), Executive Order N-19-19, Executive Order N-79-20, AB 32 Nunez (Chapter 488, Statutes of 2006), SB 375 Steinberg (Chapter 728, Statutes of 2008), SB 743 Steinberg (Chapter 386, Statutes of 2013), SB 32 Pavley (Chapter 249, Statutes of 2016), AB 1278 Muratsuchi (Chapter 337, Statutes of 2022), or other climate action goals that hinder a just transition to multimodal transportation systems in Riverside County. • Support alternative metrics to Vehicle Miles Traveled (VMT) that more accurately account for environmental impacts. Support use of per capita measurements when mitigating transportation sector impacts in growing regions. • Support efforts that allow transportation agencies to receive credit for VMT-reducing projects that have been recently delivered or are included in future delivery plans. • Oppose legislation to authorize a multicounty revenue measure for environmental programs if the measure is not required to: (1) provide equitable funding to Riverside County, and (2) be developed through formal consultation with the Commission before and after passage, and (3) involve the Commission in expenditure of funds within Riverside County related to transportation projects, programs, and services; or if such a measure would negatively impact the Commission’s ability to achieve voter approval of local transportation revenue. Habitat Conservation • Support efforts or initiatives that expedite the approval of Habitat Conservation Plans or Special Area Management Plans, or support existing plans. • Support funding for projects and programs that promote wildlife connectivity, if resources are not redirected from other transportation funding programs. • Oppose legislation that limits the streamlining benefit of the Western Riverside County Multiple Species Habitat Conservation Plan or Coachella Valley Multiple Species Habitat Conservation Plan by impugning or duplicating requirements for analysis and remediation of impacts. Alternatives to Driving • Support the continued development of a multimodal transit system in Riverside County that promotes equitable access through geographic reach and service frequency, commuter and mobility choice, and environmental sustainability, as well as maximizes regional competitiveness for state and federal funding. • Support integration of public transportation systems in southern California. Ridesharing • Support incentives to employers that enhance or create transit reimbursement or ridesharing programs. • Oppose new mandates on employers or transportation agencies that would result in disruption of the Commission’s ridesharing program. • Support programs and policies that invest in and foster new technologies that promote ridesharing, traffic information, and commuter assistance. • Support regional cooperation toward establishing transportation data standards and technological integrations. • Support rideshare and vanpool program eligibility for state and federal transit funding, such as the Transportation Development Act. 317 Active Transportation • Support maximum regional control of project selection for funding of active transportation projects. • Support policies and programs that recognize when active transportation improvements are incorporated into other modal projects. Transit • Support all transit operators in Riverside County with legislative concerns impacting the operators’ funding and operations. • Support efforts to provide flexibility of funding between capital and operating budgets from state/federal programs for transit agencies. • Support efforts to reevaluate transit performance measures in state and federal law. • Support policies and funding programs that promote the establishment or expansion of express bus service that utilizes the Riverside Express Lanes. • Support incentives for transit agencies that utilize alternative fuels and/or zero-emission buses. • Support additional funding for specialized transit programs within state and federal programs. • Support funding for micro-transit programs, as well as efforts to classify these programs as transit operations/transit operators within state and federal programs. • Oppose unfunded mandates that would negatively impact the operating budgets of transit agencies. Passenger Rail • Support inclusion and prioritization of Coachella Valley-San Gorgonio Pass Rail service in the California State Rail Plan, Federal Corridor ID Program, and other state and federal plans and program pipelines. • Support legislation to better enable the Coachella Valley-San Gorgonio Pass Rail service to become part of California’s intercity rail network, such as legislation to allow intercity rail joint powers authorities to expand their service areas. • Support efforts to secure state and federal funding for the Coachella Valley-San Gorgonio Pass Rail service project. • Support LOSSAN Rail Corridor Agency and Metrolink with legislative and regulatory concerns impacting funding and operations. • Support efforts to provide an equitable share of funding to west coast intercity rail systems as compared to the Northeast Corridor. • Support Metrolink’s policy and funding needs with regard to implementation of positive train control and other rail safety items. • Support Metrolink’s SCORE implementation and encourage early SCORE investments in Riverside County. • Support efforts to prioritize high-speed rail funding for connectivity improvements to existing transit systems and infrastructure in California’s urban areas. In particular, support all efforts to ensure that funding is provided as soon as possible to projects included in the Memorandum of Understanding (MOU) between the California High Speed Rail Authority (CHSRA), the Southern California Association of Governments (SCAG), and the Commission. • Ensure that the Commission’s rights and interests in passenger rail in southern California are properly respected in state, federal, and regional plans and policies. 318 Teleworking/Remote Working • Engage in policy discussions that utilize teleworking as a method to reduce traffic congestion and improve local economic and public health by permanently increasing the number of Riverside County residents who telecommute or work remotely. Tolling and Managed Lanes • Support legislation that ensures the full and accurate capture of toll revenues, to protect the Commission’s debt and congestion management obligations. • Support legislation that authorizes toll agencies to pilot or deploy new technology to improve toll operations and mobility. • Support legislation and policies that strengthen existing statutory authority for connecting toll segments to be implemented in an adjacent county with approvals by both authorized counties. • Engage in legislation regarding privacy laws to ensure an appropriate balance between customer privacy, public safety, financial obligation, and practical operations is reasonably met. • Oppose legislation increasing the type and/or number of vehicles subject to free or reduced toll rates, to protect the Commission’s debt and congestion management obligations, and to reduce operational costs and complexity. • Oppose state and federal policies which would dictate how tolling policy and rates are implemented on the Commission’s tolled facilities. • Engage in policy discussions that may involve legislation or regulatory efforts that add statutory barriers to expanding the use of tolling. • Oppose policies that would dictate, limit use of, or create onerous requirements for utilizing surplus toll revenue. • Engage in legislation and monitor administrative policies relating to interoperability of business practices of tolled facilities statewide, regionally, and nationally, in order to ensure technical feasibility, efficient and effective operations, cost reasonableness, and customer satisfaction. • Support increased enforcement of managed lanes for improved travel time reliability and effective operation of express bus service. • Support policies that recognize the role of pricing and managed lanes as an integral part of multi- modal corridor mobility and achieving environmental goals. • Support initiatives and research that demonstrate the air quality improvements, VMT reduction, and economic benefits from the use of toll and managed lanes. Goods Movement • Policies should recognize the impact of goods movement from the Ports of Los Angeles and Long Beach and the U.S.-Mexico border on Riverside County. • Support state and federal legislative action to continue dedicated funding for goods movement projects, inasmuch as the funding source: o Has a nexus to the user; o Does not reduce funding to existing highway and transit programs; o Provides funding to California, and southern California in particular, commensurate with this region and state’s significance to interstate goods movement; and o Can be spent on grade separation projects. • Provide input to the National Freight Advisory Committee and California State Freight Advisory Committee. • Advocate for accurate representation of Riverside County in the Primary Freight Network or other national or statewide freight route designations. • Advocate for freight funding from state and federal sources to be distributed based on a regional 319 consensus, in consultation with state and federal agency’s freight plans. • Oppose increasing the capacity or intensity of freight movement in and near Riverside County without commensurate mitigation of impacts. • Support legislation to ensure that the Commission is eligible to seek federal goods movement and freight program discretionary grant funding. • Oppose policies that restrict the ability to deliver goods movement enhancements due to application of SB 743. Projects • Support programs and policies that advantage transportation projects in Riverside County. • Oppose policies that inhibit the efficient, timely delivery of such projects. Funding • Support continued testing and analysis of California’s road charge pilot program as a potential replacement of the state motor fuels excise tax as the primary funding mechanism for transportation and ensure that both urban, suburban, and rural communities are treated in an equitable manner. • Monitor the federal government’s pilot program to explore potential replacement mechanisms for the federal gasoline excise tax. • Support all efforts to maintain, at the very least, level state/federal funding for transportation programs. • Support re-dedication of California truck weight fees to transportation accounts. • Monitor legislation relating to tax collection for impacts on Measure A revenues or administration fees. • Support maximizing Commission flexibility and discretion over funding decisions. • Funding sources should be discretionary and distributed by population share to facilitate expeditious project delivery and expenditure of funds. • Support maintaining the legislative intent behind Senate Bill 1 (Statutes 2017) and historic base program funding, by: o Opposing efforts to tie distribution of transportation funding to ancillary policy matters, such as housing. o Opposing efforts to deviate from legislative intent and existing statute. o Supporting efforts to adjust formula allocations to maximize funding decisions being made as locally as possible. o Ensuring program guidelines are as broad as possible with respect to mode, to the extent appropriate while adhering to legislative intent. Regional Partnerships • Collaborate with regional transportation agencies to impact transportation funding and regulatory policies to bring equity and fairness to the Inland Empire region. • Collaborate with public and private sector stakeholders on policy and funding matters that enhance economic development and quality of life in the Inland Empire region. • Engage in legislative efforts impacting regional transportation agencies, particularly when the efforts have a nexus to the Commission. • Support implementation of projects in other counties that are contained in the Southern California Association of Governments RTP/Sustainable Communities Strategy when requested by other counties and not in conflict with the Commission’s interests. 320 RIVERSIDE COUNTY TRANSPORTATION COMMISSION - POSITIONS ON STATE AND FEDERAL LEGISLATION – NOVEMBER 2022 Legislation/ Author Description Bill Status Position Date of Board Adoption FederalHR 972 (Calvert) This bill establishes the Western Riverside County Wildlife Refuge which would provide certainty for development of the transportation infrastructure required to meet the future needs of southern California. Ordered Reported by the House Committee on Natural Resources July 14, 2021 SUPPORT Staff action based on platform June 11, 2021 ATTACHMENT 3 321 RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE ROLL CALL NOVEMBER 28, 2022 Present Absent County of Riverside, District III X  City of Banning  X City of Beaumont X  City of Calimesa X  City of Canyon Lake X  City of Cathedral City X  City of Coachella  X City of Desert Hot Springs X  City of Lake Elsinore X  City of Murrieta  X City of Palm Desert X  City of Palm Springs X  City of San Jacinto  X City of Riverside X  City of Wildomar X  From:Tara Byerly To:Tara Byerly Cc:Lisa Mobley Subject:CTC Meeting Agenda for December 7-8, 2022 in Riverside Date:Monday, November 28, 2022 2:26:00 PM Attachments:000-ETA.pdf image001.png image002.png image003.png image004.png image005.png Good Afternoon Commissioners, Please see the attached or click on the link below to view the meeting materials for the upcoming California Transportation Commission meeting on Wednesday and Thursday, December 7-8, 2022 in Riverside. Estimated Timed Agenda with book Items linked: https://catc.ca.gov/-/media/ctc- media/documents/ctc-meetings/2022/2022-12/000-ETA.pdf (To access individual files, hover over the item on the agenda and click) Respectfully, Tara Tara Byerly Deputy Clerk of the Board Riverside County Transportation Commission 951.787.7141 W |951.787.7906 F 4080 Lemon St. 3rd Fl.| P.O. Box 12008 Riverside, CA 92502 rctc.org NEXT REGULARLY SCHEDULED CTC MEETING (Subject to Change): CTC Meeting – January 25-26, 2023 in Roseville, CA AGENDA CALIFORNIA TRANSPORTATION COMMISSION www.catc.ca.gov December 7-8, 2022 Riverside, CA Wednesday, December 7, 2022 1:00 PM Commission Meeting Riverside County Administration Building Board Chambers, 1st Floor 4080 Lemon Street Riverside, CA 92501 5:30 PM Mobility 21 Reception Riverside County Administration Building Atrium 4080 Lemon Street Riverside, CA 92501 7:00 PM Commission Dinner Mission Inn 3649 Mission Inn Avenue Riverside, CA 92501 Thursday, December 8, 2022 9:00 AM Commission Meeting Riverside County Administration Building Board Chambers, 1st Floor 4080 Lemon Street Riverside, CA 92501 To participate on Day 1 of the meeting via computer: Please visit: https://attendee.gotowebinar.com/register/1913125370551896589 There, you will be provided dial in information, instructions for participation, an access code, and audio pin to join the meeting. If you wish to only listen to day 1 of the meeting: Phone Number: 415-655-0052, Access Code: 821-194-465 To participate on Day 2 of the meeting via computer: Please visit: https://attendee.gotowebinar.com/register/3125656898058608912 There, you will be provided dial in information, instructions for participation, an access code, and audio pin to join the meeting. If you wish to only listen to day 2 of the meeting: Phone Number: 631-992-3221, Access Code: 493-732-579 CTC MEETING AGENDA December 7-8, 2022 Page 2 NOTICE: Times identified on the following agenda are estimates only. The Commission has the discretion to take up agenda items out of sequence and on either day of the two-day meeting, except for those agenda items bearing the notation “TIMED ITEM.” TIMED ITEMS which may not be heard prior to the time scheduled but may be heard at, or any time after the time scheduled. The Commission may adjourn earlier than estimated on either day. Unless otherwise noticed in the specified book item, a copy of this meeting notice, agenda, and related book items will be posted 10 calendar days prior to the meeting on the California Transportation Commission (Commission) Website: www.catc.ca.gov. Questions or inquiries about this meeting may be directed to the Commission staff at (916) 654-4245, 1120 N Street (MS-52), Sacramento, CA 95814. The Commission will provide assistive services including translation and interpretation in multiple languages, large print, digital recordings, as well as Commission meeting materials in an accessible format for the visually impaired. To obtain services or copies in one of these alternate formats or languages, please contact us at (916) 654-4245 or ctc@catc.ca.gov. Arrangements should be made as soon as possible but no later than at least five working days prior to the scheduled meeting.” (Las solicitudes de acomodación especial o servicios de interpretación deben hacerse tan pronto como sea posible o por lo menos cinco días antes de la reunión programada) Improper comments and disorderly conduct are not permitted. In the event that the meeting conducted by the Commission is willfully interrupted or disrupted by a person or by a group so as to render the orderly conduct of the meeting infeasible, the Chair may order the removal of those individuals who are willfully disrupting the meeting. *“A” denotes an “Action” item; “I” denotes an “Information” item; “C” denotes a “Commission” item; “D” denotes a “Department” item; “F” denotes a “U.S. Department of Transportation” item; “R” denotes a Regional or other Agency item; and “T” denotes a California State Transportation Agency (CalSTA) item. For a glossary of frequently used terms and acronyms please visit the Commission website at: https://catc.ca.gov/-/media/ctc-media/documents/about_ctc/acronyms-11-04-21-a11y.pdf CTC MEETING AGENDA December 7-8, 2022 Page 3 GENERAL BUSINESS Tab Item Description Ref# Presenter Type* Agency* 1 Roll Call 1.1 Doug Remedios I C 2 Welcome to the Region 1.12 Anne Mayer Robert Magee I R 3 Approval of Commission Meeting Minutes: • October 3, 2022 • October 17-18, 2022 1.2 Doug Remedios A C 4 Commissioner Meetings for Compensation 1.5 Doug Remedios A C REPORTS Tab Item Description Ref# Presenter Type* Agency* 5 Commission Executive Director 1.3 Mitch Weiss A C 6 Commissioner Reports 1.4 Lee Ann Eager A C 7 CalSTA Secretary 1.6 Toks Omishakin I T 8 Caltrans Director 1.7 Tony Tavares I D 9 High Speed Rail Update 1.15 Brian Kelly I R 10 FHWA California Division Administrator 1.11 Vincent Mammano I F 11 Regional Agencies Moderator 1.8 Ryan Niblock I R 12 Rural Counties Task Force Chair 1.9 Nephele Barrett I R 13 Self-Help Counties Coalition Executive Director 1.10 Keith Dunn I R 14 Transit Operators Update 1.14 Michael Pimentel I R POLICY MATTERS Tab Item Description Ref# Presenter Type* Agency* 15 State and Federal Legislative Matters • 2022 Annual Report to the Legislature 4.1 Paul Golaszewski A C 16 Budget and Allocation Capacity 4.2 Paul Golaszewski Keith Duncan I D 17 TIMED ITEM: 2:30PM Hearing on the 2023 Active Transportation Program – Statewide and Small Urban and Rural Components 4.5 Laurie Waters I C 18 Adoption of the 2023 Active Transportation Program – Statewide and Small Urban and Rural Components Resolution G-22-70 4.6 Laurie Waters A C 19 Update on the State Bicycle and Pedestrian Plan Draft Progress Report 3.12 Brigitte Driller Marlon Flournoy I D 20 Update from California Governor’s Office of Emergency Services – Evacuation Planning and the Transportation System 4.14 Hannah Walter Ron Quigley I C 21 Overview of National Electric Vehicle Infrastructure Program Implementation 4.10 Hannah Walter Jimmy O’Dea I D 22 Implementing a Micro-mobility Ecosystem: South Bay Local Travel Network 4.3 Brigitte Driller Jacki Bacharach I C INFORMATION CALENDAR Tab Item Description Ref# Presenter Type* Agency* 23 STIP Amendment for Notice: The Department and the Plumas County Transportation Commission proposes to program $150,000 increase in construction capital and an increase in the post miles to the STIP Arlington Left Turn Lane project, in Plumas County. (PPNO 3561) STIP Amendment 22S-05 2.1b.(1) I D CTC MEETING AGENDA December 7-8, 2022 Page 4 Tab Item Description Ref# Presenter Type* Agency* 24 STIP Amendment for Notice: The Kern Council of Government proposes to rescind $25,593,000 of Regional Improvement Program (RIP) funding from the Construction phase of the Extend Hageman Road Easterly Across SR 99 and connect to SR 204 in Bakersfield project (PPNO 3525) and program $24,093,000 of the RIP funds to the Construction phase of the new Centennial Corridor EB 58 to NB 99 Loop Connector project (PPNO 8029), in Kern County. STIP Amendment 22S-06 2.1b.(2) I D 25 Informational Reports on Allocations Under Delegated Authority: -- Emergency G-11 Allocations (2.5f.(1)): $54,474,000 for 16 projects. --SHOPP Safety Sub-Allocations (2.5f.(3)):$11,100,000 for four projects. -- Minor G-19-05a Allocations (2.5f.(4)): $3,283,000 for four projects. 2.5f. I D Monthly Reports on the Status of Contract Award for: Tab Item Description Ref# Presenter Type* Agency* 26 State Highway Projects, per Resolution G-06-08 3.2a. I D 27 Local Assistance STIP Projects, per Resolution G-13-07 3.2b. I D 28 Local Assistance ATP Projects, per Resolution G-15-04 3.2c. I D 29 Pre-Construction SHOPP Support Allocations, per Resolution G-06-08 3.3 I D Quarterly Reports – FY 2022-23 – First Quarter Tab Item Description Ref# Presenter Type* Agency* 30 Aeronautics – Acquisition and Development and Airport Improvement Program 3.4 I D 31 Caltrans Finance Report 3.5 I D 32 Report on Fiscal Year 2022-23 Right of Way Annual Allocation 3.6 I D 33 Quarterly Report – Local Assistance Annual Allocation for the Period Ending September 30, 2022 3.9 I D Other Reports Tab Item Description Ref# Presenter Type* Agency* 34 Update on the Minor B project list under the 2022-23 SHOPP Minor Construction Program. 3.1 I D 35 Fourth Quarter - Balance Report on AB 1012 “Use It or Lose It” Provision for Federal Fiscal Year 2020 Unobligated Regional Surface Transportation Program (RSTP) and Congestion Mitigation and Air Quality (CMAQ) Funds 3.10 I D 36 Notification of AB 1012 “Use It or Lose It” Provision for FFY 2021 Unobligated CMAQ and RSTP Funds 3.11 I D 37 Status of the 2020 SHOPP Complete Streets Reservation 4.18 I D 38 Transit and Intercity Rail Capital Program (TIRCP) – Program Update 4.30 I D CTC MEETING AGENDA December 7-8, 2022 Page 5 BEGIN CONSENT CALENDAR Tab Item Description Ref# Presenter Type* Agency* 39 STIP Amendment for Action: The Department proposes to program $5,000,000 of Infrastructure Investment and Jobs Act Surface Transportation Block Grant Program – Coordinated Border Infrastructure Program funds to the new Interstate 5/State Route 15/Harbor Drive 2.0 project in San Diego County. (PPNO 1447) STIP Amendment 22S-03 2.1a.(2) A D 40 STIP Amendment for Action: Request to add the STIP Bus Chargers/Infrastructure (x100 ZEBs-Proj#2-Tier II) project with COVID funds, in Los Angeles County. (PPNO 5962) STIP Amendment 22S-04 2.1a.(3) A D 41 Approval of Projects for Future Consideration of Funding: 04-Mrn-37, PM R11.2/14.6 Marin County State Route 37 Capital Preventive Maintenance (CAPM) Pavement Project Resurfacing and repairing the existing asphalt-concrete pavement on State Route 37 in Marin County. (ND) (PPNO 1452B) (SHOPP) Resolution E-22-90 (Related Item under Ref. 2.5b.(2)) 04-SM-1, PM 27.5/34.8 04-SM-92, PM 0.2 State Route 1 Multi-asset Roadway Rehabilitation Project Repaving and improving existing traffic facilities and installing complete street elements on State Routes 1 and 92. (ND) (PPNO 2022C) (SHOPP) Resolution E-22-91 (Related Item under Ref. 2.5b.(2)) 04-SM-84, PM 7.8 State Route 84 Storm Damage Permanent Restoration Project Build a new soldier pile and timber lagging wall, reconstruct and repave, along San Gregoria Creek on State Route 84. (MND) (PPNO 2032A) (SHOPP) Resolution E-22-92 05-SLO-101, PM 7.8/16.5 San Luis Obispo County U.S. Route 101 (US 101) SLO County Asset Management Improvements Project Improve assets in poor condition to ensure long-term serviceability of U.S. 101 in San Luis Obispo County. (MND) (PPNO 2778)(SHOPP) Resolution E-22-93 (Related Item under Ref. 2.5b.(2)) 06-Ker-166, PM 0.0/10.2 Maricopa 166 Culvert and Roadway Rehabilitation Project Repair failing drainage systems by replacing and extending 26 deteriorated culverts at 22 locations on State Route166 in Kern County. (MND) (PPNO 6896) (SHOPP) Resolution E-22-95 (Related Item under Ref. 2.5b.(2)) 2.2c.(1) A D CTC MEETING AGENDA December 7-8, 2022 Page 6 Tab Item Description Ref# Presenter Type* Agency* 06-Ker-43, PM 15.6/16.0 Santa Fe Roundabout Project Construct a single-lane roundabout to improve safety and reduce accidents at the intersection of Los Angeles Avenue, Santa Fe Way and Beech Avenue, in the City of Shafter, on State Route 43 in Kern County. (MND) (PPNO 7044) (SHOPP) Resolution E-22-96 (Related Item under Ref. 2.5b.(2)) 10-Alp-4, PM Var 10-Alp-88, PM Var 10-Alp-89, PM Var State Route 4 Culvert Replacement Project Rehabilitate or replace deteriorated culverts on State Routes 4, 88, and 89, at various post miles, in Alpine County. (MND) (PPNO 3488) (SHOPP) Resolution E-22-97 10-Cal-12, PM 9.9/10.3 Valley Oaks Intersection Project Adding intersection control improvements on State Route 12, at the Valley Oaks Shopping Center entrance/exit in Calaveras County. (MND) (PPNO 3476) (SHOPP) Resolution E-22-98 (Related Item under Ref. 2.5b.(2)) 10-Cal-Var, PM Var 10-Tou-Var, PM Var State Route 120 Tuolumne Drainage System Project Install or rehabilitate existing culverts and storm drains on State Routes 26 and 12 in Calaveras County, and on State Routes 108 and 120 in Tuolumne County. (MND) (PPNO 3411) (SHOPP) Resolution E-22-99 (Related Item under Ref. 2.5b.(2)) 10-Mer-59, PM 13.4/13.8 Valley Oaks Intersection Project Safety intersection improvements from 0.2 mile south (post mile 13.4) to 0.2 mile north (post mile 13.8) of the intersection of State Route 59 and Gerard Avenue in Merced County. (ND) (PPNO 3466) (SHOPP) Resolution E-22-100 (Related Item under Ref. 2.5b.(2)) 11-SD-75, PM R20.1/R22.3 11-SD-5, PM R13.8/R14.3 San Diego-Coronado Bay Bridge Suicide Deterrent Project Install a physical suicide deterrent on the San Diego- Coronado Bay Bridge and install minor improvements at the Interstate 5/State Route 75 interchange, in San Diego County. (MND) (PPNO 1352) (SHOPP) Resolution E-22-101 42 Approval of Project for Future Consideration of Funding: 12– Orange County Western Extension of Tracks – Brea Rail Trail Project Construct a Class I multi-use path. (MND) (PPNO 1303) (ATP) Resolution E-22-103 2.2c.(3) A C CTC MEETING AGENDA December 7-8, 2022 Page 7 Tab Item Description Ref# Presenter Type* Agency* 43 Approval of Project for Future Consideration of Funding: 05– Santa Barbara County San Jose Creek Multipurpose Path Project Construct a multipurpose path and other improvements. (MND) (PPNO 2995) (ATP) Resolution E-22-102 (Related Item under Ref. 2.5w.(1)) 2.2c.(2) A C 44 Approval of Project for Future Consideration of Funding: 01-Men-162, PM 8.2 South Eel River Bridge Seismic Project Replace the existing bridge with a new bridge to the south on State Route 162 in Mendocino County. (MND Addendum) (PPNO 4692) (SHOPP) Resolution E-22-107 (Related Item under Ref. 2.5d.(1)) 04-Ala-680, PM R10.6/R21.9 04-CC-680, PM R0.0/1.1 Interstate 680 Express Lanes from State Route 84 to Alcosta Boulevard Project Construct High Occupancy Vehicle lanes on northbound and southbound Interstate 680 in Alameda and Contra Costa Counties. (ND Addendum) (PPNO 2905F) (STIP) (LPP) Resolution E-22-108 (Related Items under Ref. 2.5s.(11)/2.5v.(3) and 2.5s.(12)) 04-SCl-9, PM 4.75/4.9 Saratoga Creek Bridge Project Road deck will be widened eight feet to meet design standards of bridge safety on State Route 9 in Santa Clara County. (FEIR Addendum) (PPNO 0386F) (SHOPP) Resolution E-22-109 (Related Item under Ref. 2.5b.(2)) 04-SM-1, PM 14.0 Pescadero Creek Bridge Railing Project Replace bridge railing and approach slabs on Pescadero Creek Bridge on State Route 1 in San Mateo County. (ND Addendum) (PPNO 1494G) (SHOPP) Resolution E-22-110 (Related Item under Ref. 2.5b.(1)) 05-SLO-46, PM 32.2/56.3 Route 46 Corridor Improvement Project – Wye Section Realign and widen from two lanes to four lanes on State Route 46 in San Luis Obispo County. (FEIR Addendum) (PPNO 0226K) (STIP) Resolution E-22-111 (Related Item under Ref. 2.5d.(2)) 2.2c.(8) A D 45 Two Relinquishment Resolutions: 04-Son-101-PM 12.6 Right of way along United States Highway 101 on Saint Joseph Way, in the city of Cotati. Resolution R-4094 06-Kin-198-PM 10.04 Right of way along State Route 198 on Vine Street, in the city of Lemoore. Resolution R-4095 2.3c. A D CTC MEETING AGENDA December 7-8, 2022 Page 8 Tab Item Description Ref# Presenter Type* Agency* 46 Four Resolutions of Necessity Resolutions C-22216 through C-22219 2.4b. A D 47 Director’s Deeds Items 1 through 5 Excess Lands - Return to State $11,100 2.4d. A D 48 Multi-Funded LPP (Formulaic and Competitive) STIP – Allocation Amendment Request to amend the State-Administered multi-funded LPP (Formulaic and Competitive)/STIP Interstate 680 Southbound Express Lane from State Route 84 to Alcosta Blvd project, in Alameda County, to shift funds from Construction Engineering to Construction, split out the Landscape project and revise the contributions from other sources. There is no change to the original allocation amount. (PPNO 2905F) Resolution LPP-A-2223-14, Amending Resolution LPP-A-2122-14 Resolution FP-22-27, Amending Resolution FP-21-45 (Related Items under Ref. 2.2c.(8) and 2.5s.(12)) 2.5s.(11) / 2.5v.(3) A D 49 LPP (Formulaic) – Allocation Amendment Request to amend the State-Administered LPP (Formulaic) Santa Monica Road and Via Real Intersection Improvements project, in Santa Barbara County, to de-allocate $531,000 to reflect project cost savings. (PPNO 2985) Resolution LPP-A-2223-15 Amending Resolution LPP-A-1819-27 (Related Items under Ref. 4.16) 2.5s.(10) A D 50 LPP (Formulaic) – Allocation Amendment Request to amend the State-Administered LPP (Formulaic) Interstate 680 Southbound Express Lane from State Route 84 to Alcosta Blvd project, in Alameda County to update the implementing agency. There is no change to the original allocation amount. (PPNO 2905F) Resolution LPP-A-2223-16 Amending Resolution LPP-A-2223-03 (Related Items under Ref. 2.2c.(8) and 2.5s.(11)/2.5v.(3)) 2.5s.(12) A D 51 LPP (Formulaic) – Allocation Amendment Request to rescind $305,000 for the locally- administered LPP (Formulaic) Scaroni Road Improvements project, in Imperial County. (PPNO 1376) Resolution LPP-A-2223-17 Amending Resolution LPP-A-1920-16 2.5s.(15) A D 52 SCCP – Allocation Amendment Request to amend three locally-administered SCCP Central Corridor Improvement projects, in Orange County, to include the original request to extend the period of project completion beyond 36 months to 48 months which was inadvertently omitted at the time of the original allocations. There is no change to the original allocation amounts. Resolution SCCP-A-2223-04, Amending Resolution SCCP-A-1920-04 2.5s.(9) A D CTC MEETING AGENDA December 7-8, 2022 Page 9 53 TIRCP – Allocation Amendment Request to amend the TIRCP (2018:19) Valley Rail (Natomas Station and Layover Facility) component, in Sacramento County, to correct the Greenhouse Gas Relief Fund programmed amount. There is no change to the original allocation amount. (PPNO CP035B) Resolution TIRCP-2223-31, Amending Resolution TIRCP-2223-17 2.6g.(2) A D 54 TIRCP – Allocation Amendment Request to amend the TIRCP (2018:19) Valley Rail (Pollock to South Sacramento Year Extension) component, in Sacramento County, to correct the Public Transportation Account programmed amount. There is no change to the original allocation amount. (PPNO CP035I) Resolution TIRCP-2223-32, Amending Resolution TIRCP-2223-21 2.6g.(3) A D 55 TIRCP – Allocation Amendment Request to amend the TIRCP (2018:19) Valley Rail (BNSF Track Improvements) component, in San Joaquin County, to change the component name to (2nd Main Track, CP Escalon to CP Merced) and the PPNO to CP035V. There is no change to the original allocation amount. Resolution TIRCP-2223-34, Amending Resolution TIRCP-2021-24 2.6g.(5) A D 56 LPP (Formulaic) Transit – Allocation Amendment Request to amend the LPP (Formulaic) Purchase of Zero-Emission Forklifts Transit project, in Alameda County, to approve a minor scope change that amends the project description and outputs. There is no change to the original allocation amount. (PPNO 0090A) Resolution LPP-A-2223-23 Amending Resolution LPP-A-2122-28 (Related Item under Ref. 2.8b.(11)) 2.6s.(3) A D 57 Approval of eight State Highway Operation and Protection Program (SHOPP) Baseline Agreements Resolution SHOPP-P-2223-03B 4.11 A C 58 SB 1 Baseline Agreements: Approval of the 2019 Active Transportation Program Baseline Agreement for the City of Goleta’s San Jose Creek Multipurpose Path Project. Resolution ATP-P-2223-01B (Related Item under Ref. 2.5w.(1)) 4.12 A C END OF CONSENT CALENDAR ENVIRONMENTAL MATTERS Tab Item Description Ref# Presenter Type* Agency* 59 Approval of Project for Future Consideration of Funding: 03– El Dorado County Latrobe Road/El Dorado Hills Boulevard Interchange Improvement Phase 2B Project Construct on-ramp and auxiliary lane improvements. (FEIR) (PPNO 5606) (STIP) Resolution E-22-104 (Related Item under Ref. 2.5c.(2)/2.5v.(1)) 2.2c.(4) Jose Oseguera A C CTC MEETING AGENDA December 7-8, 2022 Page 10 60 Approval of Project for Future Consideration of Funding: 03– Sacramento County Railyards Specific Plan Construct street improvements to provide efficient bus circulation. (FEIR) (PPNO CP094) (TIRCP) Resolution E-22-105 (Related Item under Ref. 2.6g.(1)) 2.2c.(5) Jose Oseguera A C 61 Approval of Project for Future Consideration of Funding: 03– Sacramento County Two Rivers Trail Phase II Project Construct a Class I Path and other improvements. (FEIR) (PPNO 1768) (ATP) Resolution E-22-106 (Related Item under Ref. 2.5w.(2)) 2.2c.(6) Jose Oseguera A C 62 Approval of Project for Future Consideration of Funding: 05-SLO-101, PM 16.0/R22.5 San Luis Obispo County U.S. Route 101 (US 101) Pismo Congestion Relief Pilot Project Widen the inside shoulder of U.S. 101 through Pismo Beach to provide a part-time travel lane in San Luis Obispo County. (FEIR) (PPNO 2653)(STIP) Resolution E-22-94 2.2c.(7) Jose Oseguera Jeremiah Ketchum A D POLICY MATTERS Tab Item Description Ref# Presenter Type* Agency* 63 Justice40 in California 4.13 C. Sequoia Erasmus Avital Barnea I C 64 Update on Applications Received for SB 1 Programs 4.9 Matthew Yosgott I C 65 Senate Bill 1 Semi-Annual Report 3.7 Matthew Yosgott Angel Pyle I D 66 Amendment to Resolution G-19-12 Delegation of Authority to Adjust Project Allocations and Modify Project Descriptions Resolution G-22-12, Amending Resolution G-19-12 4.15 Jon Pray A C PROGRAM UPDATES Tab Item Description Ref# Presenter Type* Agency* 67 Fourth Quarter – Project Delivery Report – Fiscal Year 2021-22 3.8 Tim Sobelman Jeffrey N. Wiley I D ALLOCATIONS AND SUPPLEMENTAL FUNDS REQUEST Projects with costs that exceed the Programmed Amount by More than 20 Percent Tab Item Description Ref# Presenter Type* Agency* 68 Request for $155,870,000 (59.4 percent increase) allocation in Construction Capital and $15,550,000 (16.0 percent increase) allocation in Construction Support, for the STIP Roadway Widening project on State Route 46, in San Luis Obispo County. (EA 3307C, PPNO 0226K) Resolution FP-22-29 (Related Item under Ref. 2.2c.(8)) 2.5d.(2) Teresa Favila Tim Gubbins A D 69 Request for $16,920,000 (112.2 percent increase) allocation in Construction Capital and $4,158,000 (4.5 percent increase) for the SHOPP Bridge Seismic Restoration project on State Route 162, in Mendocino County. (EA 0A131, PPNO 4692) Resolution FP-22-28 (Related Item under Ref. 2.2c.(8)) 2.5d.(1) Tim Sobelman Matthew Brady A D CTC MEETING AGENDA December 7-8, 2022 Page 11 Tab Item Description Ref# Presenter Type* Agency* 70 Request for $8,235,000 (115.4 percent increase) allocation in Construction Capital and $1,600,000 (136.0 percent increase) allocation in Construction Support, for the SHOPP Sustainability and Complete Streets project on Interstate 5, in San Diego County. (EA 42650, PPNO 1218) Resolution FP-22-30 2.5d.(3) Tim Sobelman Gustavo Dallarda A D Capital Outlay Support (COS) Supplemental Funds Allocations Tab Item Description Ref# Presenter Type* Agency* 71 Request for an additional $67,000 (1.6 percent increase) in Pre-Construction Support, Plans, Specifications, and Estimate (PS&E) phase, for the SHOPP Bridge Rehabilitation project on U.S. 101, in Del Norte County. (EA 43640, PPNO 0100V) Resolution FA-22-28 2.5e.(2) Tim Sobelman Matthew Brady A D 72 Request for an additional $500,000 (19.1 percent increase) in Pre-Construction Support, Plans, Specifications, and Estimate phase, for the SHOPP Roadway Rehabilitation project on State Route 70, in Plumas County. (EA 1H580, PPNO 3619) Resolution FA-22-29 2.5e.(3) Tim Sobelman Dave Moore A D 73 Request for an additional $1,800,000 (45.0 percent increase) in Pre-Construction Support, Project Approval and Environmental Document (PA&ED) phase, for the SHOPP Roadway Rehabilitation project on Interstate 80, in Placer County. (EA 3H590, PPNO 5131) Resolution FA-22-30 2.5e.(5) Tim Sobelman Amarjeet Benipal A D 74 Request for an additional $5,800,000 (29.0 percent increase) in Pre-Construction Support, Project Approval and Environmental Document phase, for the SHOPP Roadway Rehabilitation project on State Route 99, in Fresno County. (EA 0W800, PPNO 6949) Resolution FA-22-31 2.5e.(9) Tim Sobelman Diana Gomez A D 75 Request for an additional $130,000 (21.1 percent increase) in Pre-Construction Support, Plans, Specifications, and Estimate phase, for the SHOPP Roadside Safety Improvements project on Interstate 8 and State Route 111, in Imperial County. (EA 41200, PPNO 1252) Resolution FA-22-32 2.5e.(11) Tim Sobelman Gustavo Dallarda A D Capital – Supplemental Funds Allocations (Re-Advertise) Tab Item Description Ref# Presenter Type* Agency* 76 Request for an additional $1,560,000 (60.6 percent increase) in Construction Capital for the SHOPP Americans with Disability Act Curb Ramps project on Interstate 8, in San Diego County. (EA 42710, PPNO 1227) Resolution FA-22-33 (Related Item under Ref. 2.8b.(1)) 2.5e.(12) Tim Sobelman Gustavo Dallarda A D Capital – Supplemental Funds Allocations (Award) Tab Item Description Ref# Presenter Type* Agency* 77 Request for an additional $531,000 (25.9 percent increase) in Construction Capital for the SHOPP Safety Improvements project on U.S. 50, Interstate 80, and State Route 20, in Sacramento and Sutter Counties. (EA 0J923, PPNO 6257C) Resolution FA-22-34 2.5e.(4) Tim Sobelman Amarjeet Benipal A D CTC MEETING AGENDA December 7-8, 2022 Page 12 Tab Item Description Ref# Presenter Type* Agency* 78 Request for an additional $1,875,000 (34.2 percent increase) in Construction Capital for the SHOPP Collision Severity Reduction project on various locations, in Santa Clara County. (EA 2J950, PPNO 1486A) Resolution FA-22-35 (Related Item under Ref. 2.8b.(1)) 2.5e.(7) Tim Sobelman Dina El-Tawansy A D Capital – Supplemental Funds Allocations (Complete Construction) Tab Item Description Ref# Presenter Type* Agency* 79 Request for an additional $300,000 (4.8 percent increase) in Construction Support for the SHOPP Pavement Rehabilitation project on U.S. 101, in Monterey County. (EA 1C890, PPNO 2474) Resolution FA-22-37 2.5e.(8) Tim Sobelman Tim Gubbins A D 80 Request for an additional $1,200,000 (9.4 percent increase) in Construction Capital for the STIP Bicycle/Pedestrian Facility project on Interstate 80, in Alameda County. (EA 0A771, PPNO 2323A) Resolution FA-22-36 2.5e.(6) Teresa Favila Dina El-Tawansy A D Transit and Intercity Rail Capital Program Supplemental Tab Item Description Ref# Presenter Type* Agency* 81 Request for an additional $8,267,000 (56.6 percent increase) for the Construction phase of the (2018:27) Southern California Optimized Rail Expansion (SCORE) Project (Supplemental Fleet Refurbishment) component, in Los Angeles County. (PPNO CP033) Resolution TIRCP-2223-35S 2.6g.(6) Monica Torres Kyle Gradinger A D PROGRAM UPDATES State Highway Operation and Protection Program (SHOPP) Tab Item Description Ref# Presenter Type* Agency* 82 SHOPP Amendments for Approval: Request to: --Add 15 new projects into the 2022 SHOPP. (2.1a.(1a)) --Develop 1 Long Lead project (2.1a.(1c)) --Revise 34 projects currently programmed in the 2022 SHOPP. (2.1a.(1d)) SHOPP Amendment 22H-005 (Related Items under Ref. 2.5b.(1) and 2.5b.(2)) 2.1a.(1) Jon Pray James R. Anderson A D Local Partnership Program (LPP) Tab Item Description Ref# Presenter Type* Agency* 83 Local Partnership Formulaic Program Amendment: • Add the Yerba Buena Island West Side Bridges Project in San Francisco County and program $9,056,000 in fiscal year 2022-23. • Deprogram project cost savings of $531,000 from the Route 101 Santa Monica Road/Via Real Intersection Improvements project in Santa Barbara County, leaving the funding available for programming and allocation until December 30, 2023. Resolution LPP-P-2223-05, Amending Resolution LPP-P-2223-04 (Related Items under Ref. 2.5s.(3) and 2.5s.(10)) 4.16 Leishara Ward A C CTC MEETING AGENDA December 7-8, 2022 Page 13 Traffic Congestion Relief Program (TCRP) Tab Item Description Ref# Presenter Type* Agency* 84 Transportation Agency for Monterey County Request to Transfer Property Purchased with Traffic Congestion Relief Program Funds to the City of Salinas. Resolution G-22-72 4.4 Beverley Newman- Burckhard A C Proposition 116 Tab Item Description Ref# Presenter Type* Agency* 85 Retention of proceeds from the disposition of light rail vehicles purchased with Proposition 116 funds. Resolution G-22-71 4.8 Kacey Ruggiero A C ALLOCATIONS Coronavirus Response and Relief Supplemental Appropriation Act (CRRSAA) Allocations Tab Item Description Ref# Presenter Type* Agency* 86 Allocation of Project List for CRRSAA Program Funds. Resolution CRSA-A-2223-03 2.5k. Kacey Ruggiero Dee Lam A D STIP Allocations Tab Item Description Ref# Presenter Type* Agency* 87 Request of $874,000 for the locally-administered STIP Latrobe Road/El Dorado Hills Blvd Interchange Improvements Phase 2B project, on the State Highway System, in El Dorado County. (PPNO 5606) Resolution FP-22-34 (Related Item under Ref. 2.2c.(4)) 2.5c.(2) / 2.5v.(1) Kacey Ruggiero James R. Anderson A D 88 Request of $4,451,000 for seven locally-administered STIP and Planning, Programming, and Monitoring (PPM) projects, off the State Highway System. Resolution FP-22-35 2.5c.(3) Kacey Ruggiero Dee Lam A D 89 Request of 335,000 for one locally-administered STIP PPM project, off the State Highway System, in Stanislaus County. (PPNO 9953) Resolution FP-22-36 2.5c.(4) / 2.5v.(4) Kacey Ruggiero Dee Lam A D Proposition 1B Local Bridge Seismic Retrofit Program (LBSRP) Annual Allocation Tab Item Description Ref# Presenter Type* Agency* 90 Request of $13,906,000 in Proposition 1B Local Bridge Seismic Retrofit Program Bond Program funds for the annual allocation for Fiscal Year 2022-23. Resolution LSB1B-A-2223-01 2.5g.(4) Jaeden Gales Dee Lam A D SHOPP Minor Program Allocations Tab Item Description Ref# Presenter Type* Agency* 91 Request of $1,240,000 for one District Minor project, in Tuolumne County. Resolution FP-22-31 2.5a. Gurtej Bhattal James R. Anderson A D SHOPP Allocations Tab Item Description Ref# Presenter Type* Agency* 92 Request $57,752,000 for nine SHOPP projects. Resolution FP-22-32 (Related Items under Ref. 2.1a.(1) and 2.2c.(8)) 2.5b.(1) Jon Pray James R. Anderson A D 93 Request of $38,088,000 for 41 2022 SHOPP preconstruction project phases for environmental, design and R/W support. Resolution FP-22-33 (Related Items under Ref. 2.1a.(1), 2.2c.(1) and 2.2c.(8)) 2.5b.(2) Jon Pray James R. Anderson A D CTC MEETING AGENDA December 7-8, 2022 Page 14 Tab Item Description Ref# Presenter Type* Agency* 94 Request of $4,615,000 for the SHOPP Rehabilitation Pavement project Near Lost Hills, from 1.0 mile west of Brown Material Road to 0.2 miles east of Pavilion Way, in Kern County. (PPNO 8012) Resolution FP-22-39 (Related Item under Ref. 2.5s.(6)) 2.5b.(3) Jon Pray James R. Anderson A D Local Partnership Program (LPP) Allocations Tab Item Description Ref# Presenter Type* Agency* 95 Request of $2,302,000 for the locally-administered LPP (Formulaic) University Avenue/Highway 101 Interchange Improvements Project, on the State Highway System, in San Mateo County. (PPNO 0090L) Resolution LPP-A-2223-18 2.5s.(2) Kayla Giese James R. Anderson A D 96 Request of $9,056,000 for the locally-administered LPP (Formulaic) Yerba Buena Island West Side Bridges Seismic Retrofit Project, off the State Highway System, in San Francisco County. (PPNO 2351A) Resolution LPP-A-2223-19 (Related Items under Ref. 4.16) 2.5s.(3) Kayla Giese Dee Lam A D Multi-Funded LPP/STIP Allocations Tab Item Description Ref# Presenter Type* Agency* 97 Request of $762,000 for the locally-administered multi-funded LPP (Formulaic)/STIP Fort Bragg – Street Rehabilitation 2022, Various Streets project, off the State Highway System, in Mendocino County. (PPNO 4758) Resolution LPP-A-2223-21 Resolution FP-22-37 2.5s.(7) / 2.5v.(2) Kayla Giese Dee Lam A D Multi-Funded LPP/ATP Allocations Tab Item Description Ref# Presenter Type* Agency* 98 Request of $10,554,000 for the locally-administered multi-funded LPP (Formulaic)/ATP Inland Rail Trail-City of Vista Segment project, off the State Highway System, in San Diego County. (PPNO 1328) Resolution LPP-A-2223-22 Resolution FATP-2223-13 2.5s.(4) Kayla Giese Dee Lam A D LPP Transit Allocations Tab Item Description Ref# Presenter Type* Agency* 99 Request of $1,928,000 for the locally-administered LPP (Formulaic) BART Clipper C2 Upgrade Program Integration Transit Project, in Alameda County. (PPNO 0090M) Resolution LPP-A-2223-20 2.6s.(2) Kayla Giese Kyle Gradinger A D Solutions for Congested Corridors (SCCP) Allocations Tab Item Description Ref# Presenter Type* Agency* 100 Request of $16,463,000 for the locally-administered SCCP Soquel Drive Buffered Bike Lane and Congestion Mitigation Project (SCCP/LPP Cycle 2, Contract #3) project, off the State Highway System, in Santa Cruz County. (PPNO 3046) Resolution SCCP-A-2223-05 2.5s.(5) Naveen Habib Dee Lam A D CTC MEETING AGENDA December 7-8, 2022 Page 15 Trade Corridor Enhancement Program (TCEP) Allocations Tab Item Description Ref# Presenter Type* Agency* 101 Request of $175,000,000 for the locally-administered TCEP 7th Street Grade Separation (East) project, off the State Highway System, in Alameda County. (PPNO 2103D) Resolution TCEP-A-2223-06 2.5s.(8) Kenneth Lopez Dee Lam A D Multi-Funded TCEP/STIP Allocations Tab Item Description Ref# Presenter Type* Agency* 102 Request of $18,545,000 for the State-Administered multi-funded TCEP/STIP Route 46 Expressway Segment 4C project, on the State Highway System, in Kern County. (PPNO 3386E) Resolution TCEP-A-2223-07 Resolution FP-22-38 (Related Item under Ref. 2.5b.(3)) 2.5s.(6) Kenneth Lopez James R. Anderson A D Multi-Funded TCEP/TCIF Rail Project Tab Item Description Ref# Presenter Type* Agency* 103 Request of $67,851,000 for the locally-administered multi-funded TCEP/Proposition 1B TCIF Montebello Boulevard Grade Separation Rail project, in Los Angeles County. (PPNO T0008) Resolution TCEP-A-2223-08 Resolution TCIF-A-2223-01 2.6s.(1) / 2.5g.(5) Kenneth Lopez Kyle Gradinger A D Active Transportation Program (ATP) Allocations Tab Item Description Ref# Presenter Type* Agency* 104 Request of $9,261,000 for eight locally-administered ATP projects, off the State Highway System. Resolution FATP-2223-10 (Related Items under Ref. 2.2c.(2) and 4.12) 2.5w.(1) Beverley Newman- Burckhard Dee Lam A D 105 Request of $3,554,000 for two locally-administered ATP projects, off the State Highway System. Resolution FATP-2223-11 (Related Item under Ref. 2.2c.(6)) 2.5w.(2) Beverley Newman- Burckhard Dee Lam A D 106 Request of $2,103,000 for the locally-administered ATP Pedestrian and Bike Safety Improvements: Ojai Avenue (State Route 150) and Maricopa Highway (State Route 33) project, on the State Highway System, in Ventura County. (PPNO 5144) Resolution FATP-2223-12 2.5w.(3) Beverley Newman- Burckhard Dee Lam A D Transit and Intercity Rail Capital Projects (TIRCP) Allocations Tab Item Description Ref# Presenter Type* Agency* 107 Request of $11,411,000 for 11 TIRCP projects. Resolution TIRCP-2223-36 (Related Item under Ref. 2.2c.(5)) 2.6g.(1) Monica Torres Kyle Gradinger A D 108 Request of $152,000,000 for the TIRCP San Dieguito to Sorrento Valley Double Track and Realignment project, in San Diego County. (PPNO CP084) Resolution TIRCP-2223-37 2.6g.(7) Monica Torres Kyle Gradinger A D TIME EXTENSION REQUESTS SHOPP Time Extensions Tab Item Description Ref# Presenter Type* Agency* 109 Request to extend the period of contract award for 12 SHOPP projects, per SHOPP Guidelines. Waiver 22-168 (Related Items under Ref. 2.8d.(2), 2.5e(12),and 2.5e.(7)) 2.8b.(1) Jaeden Gales James R. Anderson A D CTC MEETING AGENDA December 7-8, 2022 Page 16 Tab Item Description Ref# Presenter Type* Agency* 110 Request to extend the period of project completion for the nine SHOPP projects, per SHOPP Guidelines. Waiver 22-169 2.8c.(1) Jaeden Gales James R. Anderson A D 111 Request to extend the period of project development expenditure for six SHOPP projects, per SHOPP Guidelines. Waiver 22-170 2.8d.(1) Jaeden Gales James R. Anderson A D 112 Request to amend the period of project development expenditure for three SHOPP projects as an exception to the SHOPP Guidelines. Waiver 22-171, Amending Waivers 21-84 and 21-125 (Related Items under Ref. 2.8b.(1) and 2.8a.(1)) 2.8d.(2) Jaeden Gales James R. Anderson A D 113 Request to amend the period of project allocation for the SHOPP Bridge Rail Upgrade project, in Mendocino County, as an exception to the SHOPP Guidelines. (PPNO 4588B). Waiver 22-172, Amending Waiver 21-59 (Related Item under Ref. 2.8d.(2)) 2.8a.(1) Jaeden Gales James R. Anderson A D STIP Time Extensions Tab Item Description Ref# Presenter Type* Agency* 114 Request to extend the period of contract award for the locally-administer STIP Bollinger Canyon Road Iron Horse Trail Bike and Pedestrian Overcrossing Project, in Contra Costa County, per STIP Guidelines. (PPNO 0242M) Waiver 22-173 2.8b.(2) Kacey Ruggiero Dee Lam A D ATP Time Extensions Tab Item Description Ref# Presenter Type* Agency* 115 Request to extend the period of contract award for ten locally-administered ATP projects, per ATP Guidelines. Waiver 22-175 2.8b.(3) Elika Changizi Dee Lam A D 116 Request to extend the period of project completion for three locally-administered ATP projects, per ATP Guidelines. Waiver 22-176 2.8c.(3) Elika Changizi Dee Lam A D LPP Time Extensions Tab Item Description Ref# Presenter Type* Agency* 117 Request to extend the period of contract award for the LPP (Formulaic) Purchase of Zero-Emission Forklifts Transit project, in Alameda County, per LPP Guidelines. (PPNO 0090A) Waiver 22-184 (Related Item under Ref. 2.6s.(3)) 2.8b.(11) Kayla Giese Kyle Gradinger A D SCCP Time Extensions Tab Item Description Ref# Presenter Type* Agency* 118 Request to extend the period of contract award for the State-Administered SCCP PSGC Phase 1 I-80 Transit Reliability project, in Placer County, per SCCP Guidelines. (PPNO 5101) Waiver 22-177 (Related Item under Ref. 2.8b.(7)) 2.8b.(4) Naveen Habib James R. Anderson A D CTC MEETING AGENDA December 7-8, 2022 Page 17 TCEP Time Extensions Tab Item Description Ref# Presenter Type* Agency* 119 Request to extend the period of contract award for two locally-administered TCEP projects, per TCEP Guidelines. Waiver 22-178 2.8b.(5) Cherry Zamora James R. Anderson A D 120 Request to extend the period of contract award for the State-Administered TCEP Capital Region Freight - I-5 project, in Sacramento County, per TCEP Guidelines. (PPNO 5876) Waiver 22-179 2.8b.(6) Cherry Zamora James R. Anderson A D 121 Request to extend the period of contract award for the State-Administered multi-funded SB 1 TCEP/STIP Capital Region Freight I-80 project, in Placer County, per TCEP and STIP Guidelines. (PPNO 5101A) Waiver 22-180 (Related Item under Ref. 2.8b.(4)) 2.8b.(7) Cherry Zamora James R. Anderson A D TIRCP Time Extensions Tab Item Description Ref# Presenter Type* Agency* 122 Request to extend the period of contract award for two TIRCP projects, in San Diego County, per TIRCP Allocation Policy. Waiver 22-181 2.8b.(8) Monica Torres Kyle Gradinger A D OTHER MATTERS Tab Item Description Ref# Presenter Type* Agency* Public Comment 6 Lee Ann Eager I C ADJOURN Highway and Mass Transportation Financial Matters Program Current Meeting Proposed Allocations (December 7-8, 2022) FY 2022-2023 Year to Date Total (Through November 30, 2022) SHOPP Allocations $386,648,000 $3,112,824,000 STIP Allocations $14,367,000 $79,080,000 Senate Bill 1 Allocations $269,800,000 $40,964,000 Proposition 1B Allocations $32,757,000 ATP Allocations $20,021,000 $49,836,000 TIRCP Allocations $171,678,000 $27,489,000 Aeronautics Allocations $2,500,000 Local Assistance Annual Allocation $2,326,284,000 Waterborne Ferry Program Allocation $3,446,000 Grand Total: $895,271,000 $5,642,423,000 Total Jobs Created: 9,848 62,067 Total De-Allocations: $836,000