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11 November 26, 2018 Budget & ImplementationTime: Date: Location: RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEETING AGENDA Budget and Implementation Committee 9:30 a.m. November 26, 2018 BOARD ROOM County of Riverside Administration Center 4080 Lemon St, First Floor, Riverside CA 92501 COMMITTEE MEMBERS Rusty Bailey, Chair/ Andy Melendrez, City of Riverside Linda Krupa, Vice Chair / Russ Brown, City of Hemet Lloyd White / Nancy Carroll, City of Beaumont Jim Hyatt / Linda Molina, City of Calimesa Randall Bonner / Vicki Warren, City of Canyon Lake Greg Pettis / Shelley Kaplan, City of Cathedral City Steven Hernandez / To Be Appointed, City of Coachella Scott Matas / Russell Betts, City of Desert Hot Springs STAFF Anne Mayer, Executive Director Theresia Trevino, Chief Financial Officer AREAS OF RESPONSIBILITY Annual Budget Development and Oversight Competitive Federal and State Grant Programs Countywide Communications and Outreach Programs Countywide Strategic Plan Legislation Public Communications and Outreach Programs Short Range Transit Plans Dana Reed / To Be Appointed, City of Indian Wells Bob Magee / Natasha Johnson, City of Lake Elsinore Rick Gibbs / Jonathan Ingram, City of Murrieta Jan Harnik / Kathleen Kelly, City of Palm Desert Michael Naggar / Matt Rahn, City of Temecula John F. Tavaglione, County of Riverside, District II Chuck Washington, County of Riverside, District III Commentsare welcomed by the Commission. If you wish to provide commentsto the Commission, please complete and submit BDeakerCard to the Clerk of the Board. Tara Bve rl From: Tara Byerly Sent: Wednesday, November 21, 2018 10:34 AM To: Tara Byerly Cc: Lisa Mobley; Anne Mayer; JOHN STANDIFORD Subject: RCTC: Budget and Implementation Committee Meeting Agenda - November 26, 2018 Importance: High Good morning Budget and Implementation Committee Members, Attached is the link to the Budget and Implementation Committee Agenda for the meeting scheduled @ 9:30 a.m. on Monday, November 26. https://www.rctc.org/wp-content/uploads/2018/11/Nov-Budget-and-Implementation-agenda.pdf Also attached for your review and use is the Conflict of Interest memo and form. Please let me know if you have any questions. Thank you. Conflict of Conflict of Interest Forrn.padf Interest Mem o.p... Respectfully, Tara Byerly Deputy Clerk of the Board Riverside County Transportation Commission 951.787.7141 W 1951.787.7906 F 4080 Lemon St. 3rd FI. I P.O. Box 12008 Riverside, CA 92502 rctc.org f tir in 0 i RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE www. rctc. orq AGENDA* *Actions may be taken on any item listed on the agenda 9:30 a.m. Monday, November 26, 2018 BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor Riverside, California In compliance with the Brown Act and Government Code Section 54957.5, agenda materials distributed 72 hours prior to the meeting, which are public records relating to open session agenda items, will be available for inspection by members of the public prior to the meeting at the Commission office, 4080 Lemon Street, Third Floor, Riverside, CA, and on the Commission's website, www.rctc.orq. In compliance with the Americans with Disabilities Act, Government Code Section 54954.2, and the Federal Transit Administration Title VI, please contact the Clerk of the Board at (951) 787-7141 if special assistance is needed to participate in a Commission meeting, including accessibility and translation services. Assistance is provided free of charge. Notification of at least 48 hours prior to the meeting time will assist staff in assuring reasonable arrangements can be made to provide assistance at the meeting. 1. CALL TO ORDER 2. ROLL CALL 3. PLEDGE OF ALLEGIANCE 4. PUBLIC COMMENTS — Each individual speaker is limited to speak three (3) continuous minutes or less. The Committee may, either at the direction of the Chair or by majority vote of the Committee, waive this three minute time limitation. Depending on the number of items on the Agenda and the number of speakers, the Chair may, at his/her discretion, reduce the time of each speaker to two (2) continuous minutes. Also, the Committee may terminate public comments if such comments become repetitious. In addition, the maximum time for public comment for any individual item or topic is thirty (30) minutes. Speakers may not yield their time to others without the consent of the Chair. Any written documents to be distributed or presented to the Committee shall be submitted to the Clerk of the Board. This policy applies to Public Comments and comments on Agenda Items. Under the Brown Act, the Board should not take action on or discuss matters raised during public comment portion of the agenda which are not listed on the agenda. Board members may refer such matters to staff for factual information or to be placed on the subsequent agenda for consideration. Budget and Implementation Committee November 26, 2018 Page 2 5. APPROVAL OF MINUTES — AUGUST 27, 2018 6. 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.) 7. CONSENT CALENDAR - All matters on the Consent Calendar will be approved in a single motion unless a Commissioner(s) requests separate action on specific item(s). Items pulled from the Consent Calendar will be placed for discussion at the end of the agenda. 7A. QUARTERLY INVESTMENT REPORT Overview This item is for the Committee to: Page 1 1) Receive and file the Quarterly Investment Report for the quarter ended September 30, 2018; and 2) Forward to the Commission for final action. 8. ANNUAL INVESTMENT POLICY REVIEW Overview This item is for the Committee to: Page 70 1) Adopt Resolution No. 18-018, "Resolution of the Riverside County Transportation Commission Regarding the Revised Investment Policy"; 2) Adopt the revised annual Investment Policy; and 3) Forward to the Commission for final action. Budget and Implementation Committee November 26, 2018 Page 3 9. AMENDMENT TO SUNLINE TRANSIT AGENCY'S FISCAL YEAR 2018/19 SHORT RANGE TRANSIT PLAN Overview This item is for the Committee to: Page 85 1) Approve a modification to SunLine Transit Agency's (SunLine) Fiscal Year 2018/19 operating assistance funding by amending the original amount of $38,900,991 to $39,654,404 to reflect additional operating expenses and revenues for the West Coast Center of Excellence funded with federal Section 5309 pass -through funds from the Center for Transportation and the Environment (CTE), the Buzz Service subsidized by the city of Palm Springs, and personnel costs for eight new full-time employees scheduled to start in January 2019 and funded with additional Local Transportation Funds (LTF); 2) Approve a modification to SunLine's FY 2018/19 capital improvement program to reflect an additional request of $2,982,000 in LTF to cover capital expenses related to various stations, facilities and building projects, and partial funding to purchase five trolleys for the new Buzz Service; 3) Approve a modification to SunLine's FY 2018/19 capital improvement program to reflect an increase of $178,239 in FY 2017/18 Federal Transit Administration (FTA) Section 5339 funds offset by a decrease of the same amount in State Transit Assistance (STA) funds for the fixed route bus replacement, information technology and transit enhancement projects; 4) Reprogram the STA capital amount of $418,000 originally identified in the FY 2014/15 Short Range Transit Plan (SRTP) for the operator breakroom project to the purchase of five trolleys for the Buzz Service; 5) Approve a $2,982,000 adjustment to the FY 2018/19 budget to increase LTF capital expenditures and a $178,239 adjustment to decrease STA expenditures; 6) Approve an amendment to SunLine's FY 2018/19 SRTP to reflect these changes; and 7) Forward to the Commission for final action. 10. AGREEMENT FOR AUDIT SERVICES FOR THE TRANSPORTATION DEVELOPMENT ACT TRIENNIAL AUDIT Overview This item is for the Committee to: Page 90 1) Award Agreement No. 19-62-009-00 to Michael Baker International, Inc. for audit services for the Transportation Development Act (TDA) Triennial Audit for a three-year term, plus one two-year option, in an amount not to exceed $220,815; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3) Forward to the Commission for final action. Budget and Implementation Committee November 26, 2018 Page 4 11. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA 12. COMMISSIONERS / STAFF REPORT Overview This item provides the opportunity for the Commissioners and staff to report on attended and upcoming meeting/conferences and issues related to Commission activities. 13. ADJOURNMENT The next Budget and Implementation Committee meeting is scheduled to be held at 9:30 a.m., Monday, January 28, 2019, Board Chambers, First Floor, County Administrative Center, 4080 Lemon Street, Riverside. RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE ROLL CALL NOVEMBER 26, 2018 Present County of Riverside, District II County of Riverside, District III City of Beaumont City of Calimesa City of Canyon Lake City of Cathedral City City of Coachella City of Desert Hot Springs City of Hemet City of Indian Wells City of Lake Elsinore City of Murrieta jACity of Palm Desert City of Riverside City of Temecula a Absent O O O O 21` AlA^1- :1 2rAi9v-A-t- O 1 467fPor* RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE SIGN -IN SHEET NOVEMBER 26, 2018 NAME AGENCY EMAIL ADDRESS iL 6 YP (69/4( AlCcrati" Dijocl< td,//W1i4-24-71---- /�'/(/c0 ��7 J''�'� (,/, lt"i GS/k • ____Y-;:›4 .;--77,11,:cv Ok 3 ri- k( -\<\) C--Ci -Q./.). 1 ' ( 4/ I 9111if(\ ij ' i( __ 4 / 4n ae___ �,/ / �-nlet_ a --Pet .--iNs 4AreAki (SU e il,_ AGENDA ITEM 5 MINUTES RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE Monday, August 27, 2018 MINUTES 1. CALL TO ORDER The meeting of the Budget and Implementation Committee was called to order by Vice Chair Linda Krupa at 9:31 a.m., in the Board Room at the County of Riverside Administrative Center, 4080 Lemon Street, First Floor, Riverside, California, 92501. 2. ROLL CALL Members/Alternates Present Rusty Bailey* Russell Betts Randall Bonner Rick Gibbs Jan Harnik Jim Hyatt Shelley Kaplan Linda Krupa Bob Magee Dana Reed Chuck Washington Lloyd White *Arrived after the meeting was called to order 3. PLEDGE OF ALLEGIANCE Members Absent Steven Hernandez Michael Naggar John F. Tavaglione Commissioner Russell Betts led the Budget and Implementation Committee in a flag salute. 4. PUBLIC COMMENTS There were no requests to speak from the public. RCTC Budget and Implementation Committee Minutes August 27, 2018 Page 2 5. APPROVAL OF MINUTES — JUNE 25, 2018 M/S/C (Bonner/Harnik) to approve the minutes of June 25, 2018 meeting as submitted. Abstain: Kaplan 6. ADDITIONS / REVISIONS There were no additions or revisions to the agenda. 7. CONSENT CALENDAR - All matters on the Consent Calendar will be approved in a single motion unless a Commissioner(s) requests separate action on specific item(s). Items pulled from the Consent Calendar will be placed for discussion at the end of the agenda. M/S/C (Reed/Kaplan) to approve the following Consent Calendar item(s): 7A. SINGLE SIGNATURE AUTHORITY REPORT 1) Receive and file the Single Signature Authority report for the fourth quarter ended June 30, 2018; and 2) Forward to the Commission for final action. 7B. QUARTERLY INVESTMENT REPORT 1) Receive and file the Quarterly Investment Report for the quarter ended June 30, 2018; and 2) Forward to the Commission for final action. At this time, Chair Rusty Bailey joined the meeting. 8. ENTERPRISE RESOURCE PLANNING SOFTWARE IMPLEMENTATION PROJECT MANAGEMENT OVERSIGHT Michele Cisneros, Deputy Director of Finance, provided details for the Enterprise Resource Planning (ERP) software implementation project management oversight services and the approval of the sole source agreement with SDI Presence, LLC (SDI). In response to Commissioner Lloyd White's inquiry as why this is a sense of urgency as far as the bid process goes, Michele Cisneros replied the finance staff needs to work with the back office toll system operator to develop an integration between their system and the Commission's financial system. This has to be done before the Interstate 15 Express Lanes open to ensure those financial transactions are coming over. She explained the RCTC Budget and Implementation Committee Minutes August 27, 2018 Page 3 Commission's toll operator Cofiroute USA is in the Commission's current year ERP system so instead of moving over two back system operations there would be only one toll system operator to move over into the new ERP system. She explained there are final contract negotiation issues with Tyler Technologies (Tyler) and staff believes in order to get this contract finalized is to move forward with the implementation to meet the 1-15 ELP opening deadline. In response to Commissioner White's clarification about recognizing the need for this type of consultant support was due to contract difficulties with Tyler, Michele Cisneros replied staff is having delays in finalizing the Tyler contract mainly due to data conversion, what Tyler is proposing to do, and the Commission needs. Therefore, staff needs that expert experience to identify what Tyler is affirming that not all the detailed data needs to be converted over and to be looking out for the Commissions best interest. Commissioner White expressed being reluctant to approve a sense of urgency contract without going to full bid unless there really is a need and a reason for the sense of urgency. M/S/C (Harnik/Reed) to: 1) Approve sole source Agreement No. 19-19-003-00 to SDI Presence, LLC (SDI) for Enterprise Resource Planning (ERP) software implementation project management oversight for a two-year period in the amount of $436,800, plus a 15 percent contingency amount of $65,500, for a total amount not to exceed $502,300; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; 3) Authorize the Executive Director, or designee, to approve contingency work pursuant to the agreement terms up to the total amount; 4) Approve a budget adjustment in the amount of $251,100; and 5) Forward to the Commission for final action. No: White 9. STATE AND FEDERAL LEGISLATIVE UPDATE Jillian Guizado, Legislative Affairs Manager, provided an update on state and federal legislation. Commissioner Betts noted he heard the mileage based user fee proposed and explained at the Southern California Association of Governments (SCAG) Transportation Committee about two years ago, there was a presentation regarding the collection fee on the excise tax is by far the most deficient method to collect the tax. He stated by contrast the estimates for cost of collection on vehicle miles traveled is about 20 percent and the 20 RCTC Budget and Implementation Committee Minutes August 27, 2018 Page 4 percent does not count the private sector cost to comply and asked if there is a proposal for the Commission to support some effort. Jillian Guizado replied this is just receive and file and this is Chairman Bill Shuster's draft. She explained Chairman Shuster is retiring this year and is hopeful to put something forward that might make a difference in transportation since it is constantly being faced with funding challenges. She stated if there are some details that come forward, staff will provide an update at a future Commission meeting. Commissioner Betts expressed it is very important that something needs to be done to catch up on the maintenance of the roads and bridges the concern is where to collect it. He stated the problem is the Excise Tax has not been raised in a long time and the representatives in Washington, D.C. do not want to do that for the ramifications they would receive for a vote such as that. Chair Bailey expressed appreciation for Commissioner Betts' comments and stated obviously Chairman Shuster wants a legacy and to go out trying to address the issues that he has seen for a lifetime. He inquired is the federal government going to take responsibility or will they push it down to the local governments again. Anne Mayer referred to the road charge pilot and stated Chairman Shuster's recommendation is to conduct a nationwide pilot similar to what California recently completed. She expressed the points raised by Commissioner Betts are accurate in that the cost to administer a new program such as that is significant. She discussed the California road charge pilot final report, the pros and cons, and how well done the effort was. Although she is uncertain where it is going to head due to the challenge with implementing new programs such as this. Commissioner Jan Harnik explained her questions and comments were addressed however, she inquired about receiving the results of the pilot programs as many of the Commissioners had participated in them. Anne Mayer replied staff will make sure that all Commissioners are provided a link to that final report. M/S/C to: 1) Receive and file an update on state and federal legislation; and 2) Forward to the Commission for final action. RCTC Budget and Implementation Committee Minutes August 27, 2018 Page 5 10. QUARTERLY PUBLIC ENGAGEMENT METRICS REPORT, APRIL — JUNE 2018 Cheryl Donahue Public Affairs Manager, provided details for the quarterly Public Engagement metrics report for April —June 2018. In response to Commissioner Reed's inquiry for the 4.6 million impressions and if those are the advertisements themselves, Cheryl Donahue replied it could be sponsored RCTC advertisements, the posts staff is doing, or just any type of comment but a large number of that was from advertisements for this past quarter. M/S/C to: 1) Receive and file the Quarterly Public Engagement Metrics Report for April — June, 2018; and 2) Forward to the Commission for final action. 11. SB 132 AGREEMENT FOR MCKINLEY GRADE SEPARATION PROJECT Martha Masters, Senior Management Analyst, presented the SB 132 McKinley Grade Separation project, highlighting the following: • SB 132 projects map • City of Corona McKinley Grade Separation map project location In response to Commissioner Betts inquiry if this will require an entire environmental impact report, Anne Mayer replied there are special exemptions for grade separations so some grade separations get exemptions from normal processes; although she is uncertain of which combination of documents the city is using. M/S/C (White/Reed) to: 1) Approve Agreement No. 19-31-005-00 with the city of Corona for the McKinley Grade Separation project that received an allocation of $84,450,000 of SB 132 funds; 2) Authorize the Executive Director, pursuant to legal counsel review, to execute the agreement and any future amendments considered minor, with the exception of changes to funding; and 3) Forward to the Commission for final action. RCTC Budget and Implementation Committee Minutes August 27, 2018 Page 6 12. FISCAL YEAR 2018/19 ANNUAL LOCAL TRANSPORTATION FUND PLANNING ALLOCATIONS TO WESTERN RIVERSIDE COUNCIL OF GOVERNMENTS AND COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS Martha Masters provided details for the Fiscal Year 2018/19 allocation of Local Transportation Fund (LTF) funds planning allocations to Western Riverside Council of Governments and Coachella Valley Association of Governments. M/S/C (Harnik/Hyatt) to: 1) Approve an allocation of Local Transportation Fund (LTF) funds for planning in the amount of $775,500 for Western Riverside Council of Governments (WRCOG) and $423,000 for the Coachella Valley Association of Governments (CVAG) for efforts identified in each agency's Fiscal Year 2018/19 LTF Program Objectives/Work Plan (Work Plan) that supports transportation planning programs and functions consistent with regional and subregional plans, programs, and requirements; and 2) Forward to the Commission for final action. 13. RIVERSIDE TRANSIT AGENCY FISCAL YEAR 2018/2019 SHORT RANGE TRANSIT PLAN AMENDMENT Monica Morales, Management Analyst, provided an overview for the Riverside Transit Agency (RTA) Fiscal Year 2018 Short Range Transit Plan (SRTP) amendment. Anne Mayer explained this bill, which was discussed previously and she is aware that for those cities, other agencies, and counties who are members of a joint powers authority (JPA) such as RTA were very concerned their individual cities could become responsible for the pension liabilities of the JPA service. She expressed it could also become a concern for the Commission for Metrolink so certainly the Commission would not be supportive of that bill. She suggested it is much more effective to pay it off now as opposed to paying it off over such an extended period of time. M/S/C (Krupa/Bonner) to: 1) Approve an amendment to the Riverside Transit Agency (RTA) Fiscal Year 2018/19 Short Range Transit Plan (SRTP) for $22.1 million related to the payment of RTA's current unfunded pension liability; 2) Approve an allocation of $22.1 million in Local Transportation Fund (LTF) Western County Bus Unallocated LTF fund balance to provide funding for RTA to pay its current unfunded pension liability; RCTC Budget and Implementation Committee Minutes August 27, 2018 Page 7 3) Approve an adjustment to the FY 2018/19 budget in the amount of $22.1 million to increase transit operating expenditures; and 4) Forward to the Commission for final action. 14. RIVERSIDE COUNTY PUBLIC TRANSPORTATION: ANNUAL COUNTYWIDE PERFORMANCE REPORT FOR FISCAL YEAR 2016/17 Monica Morales presented the Riverside County Public Transportation: Annual Countywide Performance report for FY 2016/17, highlighting the following areas: • Purpose — Policy and compliance, utilization, accessibility and coverage, connectivity, and resources • Revenue and expense for total passenger fares received and operating expense • Farebox recovery ratio are being met by the transit operators • Actual trips provided — Public Transit Trips Per Capita, FY 2016/17 • Coverage — Bus service areas in varying sizes and landscapes for both Western Riverside County and Blythe area • Themes — o Trend of declining farebox recovery for each operator o Further reduction in ridership for bus and rail service o Continued population growth, with fewer trips provided in consecutive years o Increases in service while ridership and farebox decline o Operators continue to refine services and launch new initiatives In response to Commissioner Jim Hyatt's inquiry about the historic farebox experience and asked how the city of Corona continues to be so consistent, Monica Morales replied in FY 2017/18 change as that city was a public demand response so it was slightly different. She asked Dennis Brooks from AMMA Transit Planning to come to the podium. Dennis Brooks clarified to Commissioner Hyatt about how the city of Corona continues to meet farebox. Commissioner Hyatt concurred and stated how the city of Corona can be so consistent. Mr. Brooks explained some of the cities are allowed to use city general funds to contribute to ensure they are meeting that farebox ratio. In response to Commissioner Shelley Kaplan's clarification SunLine Transit Agency (SunLine) made arrangements through grant funding to provide free bus service for COD students and if that was included as part of the farebox revenue, Monica Morales replied RCTC Budget and Implementation Committee Minutes August 27, 2018 Page 8 she believes SunLine is using Low Carbon Transit Operations Program (LCTOP) funds, which is considered a local fund and it does get counted as part of their farebox. Anne Mayer replied that LCTOP is a formula program as a result of the overall Cap -and - Trade program in the state so it is money that funnels down to the local level for programs such as that. Monica Morales stated many of the transit operators are using it as a fare subsidy option. Commissioner Dana Reed referred to the percentage of farebox recovery and stated he believes SunLine has a higher goal then RTA and wanted to know why there is not an equal goal. Dennis Brooks replied SunLine actually has a blended farebox recovery ratio and generally for urbanized areas, it is a 20 percent farebox recovery and for rural areas it is 10 percent, which is based on the population density and the service area they cover. In response to Commissioner Reed inquiry the city of Riverside, which is an urban area is at about 12 percent, Mr. Brooks replied correct and the city of Riverside's farebox recovery ratio requirement is 10 percent since it is a demand response system. Anne Mayer explained the issues for the Commission's transit providers both bus and rail is continued decreasing ridership and staff will bring updates and work with the transit agencies to ensure they have the tools needed to propose and implement service that is cost effective and meets the requirements. Chair Reed and Commission staff have been invited to attend a SunLine Financial Ad Hoc Committee meeting on September 17, they will be there to answer questions the SunLine Board has regarding transportation and transit funding as well as policies and programs. Chair Bailey referred to page 163 of the Annual Countywide Performance Report for FY 2016/17 and stated there is a report that UCLA provided great research on "Untapped Potential" this came through Southern California Association of Governments (SCAG). He stated this last year SCAG changed their model of focus on new riders and encourage those new riders to use transit for some trips. He explained one of the statistics in this research proposes that if just one in every four non -riders could be encouraged to take transit trip once every two weeks annual ridership would grow by 96,000,000. He suggested the Commissioners should provide this education piece to their constituents. Much of this research is based on car ownership that is increasing there are more car trips but how can students be connected to the public transportation in the University to provide them that free service and suggested to start discussing this. RCTC Budget and Implementation Committee Minutes August 27, 2018 Page 9 M/S/C to: 1) Receive and file the Riverside County Public Transportation: Annual Countywide Performance Report (Countywide Report) for Fiscal Year 2016/17; and 2) Forward to the Commission for final action. 15. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA 16. COMMISSIONERS / EXECUTIVE DIRECTOR REPORT Anne Mayer announced the September 12 Commission meeting will commence at 9:00 a.m. to accommodate the California League of Cities that is taking place the same day. 17. ADJOURNMENT There being no further business for consideration by the Budget and Implementation Committee, the meeting was adjourned at 10:21 a.m. Respectfully submitted, Lisa Mobley Clerk of the Board AGENDA ITEM 7A RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: November 26, 2018 TO: Budget and Implementation Committee FROM: Megan Kavand, Senior Financial Analyst Michele Cisneros, Deputy Finance Director THROUGH: Theresia Trevino, Chief Financial Officer SUBJECT: Quarterly Investment Report STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file the Quarterly Investment Report for the quarter ended September 30, 2018; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: Prior to Fiscal Year 2013/14, the Commission's quarterly investment reports reflected investments primarily concentrated in the Riverside County Pooled Investment Fund (RCPIF). Other investments included the state Local Agency Investment Fund and mutual funds. As a result of significant project financings such as the State Route 91 Corridor Improvement Project (91 Project or 91 CIP) and the Interstate 15 Express Lanes Project (1-15 ELP), the Commission determined it would be prudent to engage an investment manager for the bond proceeds and other required funds. Additionally, the Commission desired to engage an investment manager to provide investment advisory and management services related to the Commission's operating funds. In May 2013, following a competitive procurement, the Commission awarded two investment management services agreements to Logan Circle Partners, L.P. (Logan) for the 91 Project's proceeds generated from the issuance of sales tax revenue bonds and toll revenue bonds and to Payden & Rygel Investment Management (Payden & Rygel) for Commission operating funds. At its April 2017 meeting and based on a competitive procurement, the Commission awarded an investment management services agreement to Logan related to the issuance of the sales tax revenue bonds for the 1-15 ELP. Commencing in July 2013, Logan invested the 91 Project debt proceeds and subsequent 91 Project equity contributions in separate accounts of the Short -Term Actively Managed Program (STAMP). Consistent with financing expectations, the Commission expended substantially all of the 91 Project debt proceeds and equity contributions, except for the toll Agenda Item 7A 1 revenue bonds debt service reserve. The Commission authorized Payden & Rygel to make specific investments for the Commission's operating funds beginning with the third quarter of FY 2014/15. In July 2017, the 1-15 ELP project and 91 Project completion financing (2017 Financing) was completed and sales tax bond proceeds approximating $154.6 million were received. Logan invested the 2017 Financing debt proceeds in accounts of a separate STAMP portfolio during the first quarter of FY 2017/18. The quarterly investment report for the first quarter of FY 2018/19, as required by state law and Commission policy, reflects the investment activities resulting from the 91 Project, 2017 Financing, and available operating cash. The quarterly investment report includes the following information: • Investment Portfolio Report; • 91 CIP STAMP Portfolio by Investment Category; • 91 CIP STAMP Portfolio by Account; • 91 CIP STAMP Portfolio Transaction Report by Account; • 91 CIP STAMP Portfolio Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 91 CIP STAMP Portfolio Toll Revenue Series A & Series B Reserve Fund Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 91 CIP STAMP Portfolio Residual Fund Required Retained Balance Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 2017 Financing STAMP Portfolio by Investment Category; • 2017 Financing STAMP Portfolio by Account; • 2017 Financing STAMP Portfolio Transaction Report by Account; • 2017 Financing STAMP Portfolio Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 2017 Financing STAMP Portfolio Sales Tax Revenue Fund Summary of investment by credit rating, industry group, asset class, security type, and market sector; • 2017 Financing STAMP Portfolio 1-15 ELP Sales Tax Senior Lien TIFIA Project Fund Summary of investment by credit rating, industry group, asset class, security type, and market sector; • 2017 Financing STAMP Portfolio Ramp Up Fund Summary of investment by credit rating, industry group, asset class, security type, and market sector; • Logan Circle Partners, L.P. Short Duration Third Quarter 2018 Review; • Payden & Rygel Operating Portfolio by Investment Category; • Payden & Rygel Operating Portfolio Transaction Report; • Payden & Rygel Operating Portfolio Third Quarter 2018 Review; and • County of Riverside Investment Report for the Quarter Ended September 30, 2018. Agenda Item 7A 2 The Commission's investments were in full compliance with the Commission's investment policy adopted on December 13, 2017, and investments securities permitted under the indenture for the Commission's sales tax revenue bonds and the master indenture for the Commission's toll revenue bonds. Additionally, the Commission has adequate cash flows for the next six months. Attachments: 1) Investment Portfolio Report 2) 91 CIP STAMP Portfolio by Investment Category 3) 91 CIP STAMP Portfolio by Account 4) 91 CIP STAMP Portfolio Transaction Report by Account 5) 91 CIP STAMP Portfolio Summary of Investments 6) 91 CIP STAMP Portfolio Toll Revenue Series A & Series B Reserve Fund Summary of Investments 7) 91 CIP STAMP Portfolio Residual Fund Required Retained Balance Summary of investments 8) 2017 Financing STAMP Portfolio by Investment Category 9) 2017 Financing STAMP Portfolio by Account 10) 2017 Financing STAMP Portfolio Transaction Report by Account 11) 2017 Financing STAMP Portfolio Summary of Investments 12) 2017 Financing STAMP Portfolio Sales Tax Revenue Fund Summary of Investments 13) 2017 Financing STAMP Portfolio 1-15 ELP Sales Tax Senior Lien TIFIA Project Fund Summary of Investments 14) 2017 Financing STAMP Portfolio Ramp Up Fund Summary of Investments 15) Payden & Rygel Operating Portfolio by Investment Category 16) Payden & Rygel Operating Portfolio Transaction Report 17) Logan Circle Partners, L.P. Short Duration Quarterly Review 18) Payden & Rygel Operating Portfolio Quarterly Review 19) County of Riverside Investment Report Agenda Item 7A 3 ATTACHMENT 1 Riverside County Transportation Commission Investment Portfolio Report Period Ended: September 30, 2018 RATING COUPON PAR PURCHASE MATURITY YIELD TO PURCHASE MARKET UNREALIZED FAIR VALUE MOODYS / S&P RATE VALUE DATE DATE MATURITY COST VALUE GAIN (LOSS) OPERATING FUNDS City National Bank Deposits 13,301,488 A3/BBB+ N/A N/A County Treasurer's Pooled Investment Fund 466,126,803 Aaa-bf/AAA-V1 N/A 1.97% Local Agency Investment Fund (LAIF) 3,734,005 N/A N/A N/A Subtotal Operating Funds 483,162,297 FUNDS HELD IN TRUST County Treasurer's Pooled Investment Fund: Local Transportation Fund 61,814,404 Aaa-bf/AAA-V1 N/A 1.97% Subtotal Funds Held in Trust 61,814,404 COMMISSION MANAGED PORTFOLIO US Bank Payden & Rygel Operating 51,195,893 See attached report for details First American Government Obligation Fund 43,269,360 N/A N/A N/A Subtotal Commission Managed Portfolio 94,465,253 STAMP PORTFOLIO for 91 CIP Series A & Series B Reserve Fund Residual Fund Required Retained Balance Subtotal STAMP Portfolio - 91 CIP STAMP PORTFOLIO for 2017 Financing Sales Tax 115 ELP Project Revenue Fund Sales Tax Revenue Fund Ramp Up Fund Subtotal STAMP Portfolio - 2017 Financing TOTAL All Cash and Investments $500,000,000 $45o,000,000 $400,000,000 $350,000,000 $3o0,000,000 $250,00o,000 $200,000,000 $1s0,000,000 $100,000,000 $50,000,000 17,766,209 6,587,335 24,353,543 See attached report for details See attached report for details 75,534,875 961 7,971,389 83,507,224 See attached report for details See attached report for details See attached report for details $ 747,302,722 Nature of Investments ■ STAMP Portfolio for 91 CIP Reserve ■ STAMP Portfolio for 91 CIP Residual Fund ■ STAMP Portfolio for 2017 Financing 115 ELP Project Revenue Fund ■ STAMP Portfolio for 2017 Financing Revenue Fund ■ STAMP Portfolio for 2017 Financing Ramp Up Fund ■ Commission Managed Portfolio ■ Trust Funds ■ Operating Funds 1.00% Money Market Funds 20.28% Fixed Income 0.50% LAIF 5.79% Mutual Funds 72.43% County Pool/Cash 4 ATTACHMENT 2 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio by Investment Category for quarter ended September 30, 2018 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Summarized Yield Credit Rating 256350023 LC -Sr Lien Reserve Fund -I 3I37EADB2 Agency Federal Home Loan Mortgage Corporation O1/13/2022 -- 950,000.00 942,921.50 --- 933,593.50 (16,086.77) 2.375 2.929 AAA 256350023 LC -Sr Lien Reserve Fund-1 3135GOD75 Agency Federal National Mortgage Association, Inc. _ 06/22/2020 05/06/2015 600,000.00 593,490.00 --- 587,190.00 (10,555.51) 1.500 2.769 AAA 256350023 LC -Sr Lien Reserve Fund -I 3137EADR7 Agency Federal Home Loan Mortgage Corporation 05/O1/2020 05/15/2015 475,000.00 471,527.75 --- 464,654.50 (9,206.76) 1.375 2.783 AAA 256350023 LC -Sr Lien Reserve Fund-1 3134GSTKI Agency Federal Home Loan Mortgage Corporation 08/23/2021 08/27/2018 200,000.00 200,100.00 11/23/2018 200,002.00 (58.92) 3.000 2.989 AAA 256350023 LC -Sr Lien Reserve Fund -I 3I34G9V38 Agency Federal Home Loan Mortgage Corporation 07/27/2021 08/28/2018 250,000.00 245,225.00 10/27/2018 244,725.00 (648.24) 1.500 2.962 AAA 256350021 LC-RCTC 2013 Residual Fund 3134GSTKI Agency Federal Home Loan Mortgage Corporation 08/23/2021 08/27/2018 100,000.00 100,050.00 11/23/2018 100,001.00 (29.46) 3.000 2.989 AAA 256350023 LC -Sr Lien Reserve Fund -I 3I36A72D3 Agency CMO Federal National Mortgage Association, Inc. 04/25/2022 07/03/2013 331,344.00 314,776.80 -- 323,229.38 (1,982.71) 2.482 3.564 AAA 256350023 LC -Sr Lien Reserve Fund-1 3137ASNH3 Agency CMO Federal Home Loan Mortgage Corporation 09/25/2021 07/03/2013 98,568.97 96,324.21 --- 97,480.76 (506.49) 1.459 2.787 AAA 256350023 LC -Sr Lien Reserve Fund -I 3I37AUPE3 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2022 -- 379,000.00 366,344.03 -- 369,483.31 (4,059.11) 2.396 3.104 AAA 256350023 LC -Sr Lien Reserve Fund-1 31395EZP5 Agency CMO Federal Home Loan Mortgage Corporation 08/15/2019 07/09/2013 6,555.58 _ 6,935.59 --- 6,574.13 (27.18) 4.500 2.919 AAA 256350023 LC -Sr Lien Reserve Fund -I 38377JZ89 Agency CMO The Government National Mortgage Association Guarantt 10/20/2039 07/05/2013 55,512.01 57,209.90 -- 55,395.44 (1,233.94) 3.500 3.538 AAA 256350023 LC -Sr Lien Reserve Fund-1 38377RVK8 Agency CMO The Government National Mortgage Association Guarantt 04/20/2039 --- 121,075.07 123,490.63 --- 119,855.85 (2,633.47) 3.000 3.378 AAA 256350023 LC -Sr Lien Reserve Fund -I 38378TAF7 Agency CMO The Government National Mortgage Association Guarantt 07/20/2041 07/05/2013 137,146.93 137,167.60 -- 133,733.34 (3,289.57) 2.500 3.359 AAA 256350023 LC -Sr Lien Reserve Fund-1 38378CRT6 Agency CMO The Government National Mortgage Association Guarantt 10/20/2040 05/22/2014 54,766.86 52,884.25 --- 52,197.75 (1,035.61) 2.000 3.677 AAA 256350023 LC -Sr Lien Reserve Fund -I 38376GB33 Agency CMO The Government National Mortgage Association Guarantt 10/16/2044 01/23/2015 164,831.26 169,193.56 -- 164,872.47 (888.84) 3.500 3.206 AAA 256350023 LC -Sr Lien Reserve Fund-1 38376T5ZI Agency CMO The Government National Mortgage Association Guarantt O1/16/2039 01/26/2015 85,703.59 89,538.83 --- 84,586.02 (3,889.80) 3.000 3.475 AAA 256350023 LC -Sr Lien Reserve Fund -I 38376WA62 Agency CMO The Government National Mortgage Association Guarantt 10/20/2039 -- 81,028.25 84,352.17 -- 83,452.61 (1,485.28) 4.000 2.928 AAA 256350023 LC -Sr Lien Reserve Fund-1 38377RSZ9 Agency CMO The Government National Mortgage Association Guarantt 06/16/2039 --- 69,218.05 71,390.72 --- 70,258.40 (369.24) 4.500 2.606 AAA 256350023 LC -Sr Lien Reserve Fund -I 38378B7F0 Agency CMO Government National Mortgage Association 12/16/2042 -- 450,000.00 427,324.22 -- 417,663.00 (17,956.12) 2.273 3.879 AAA 256350023 LC -Sr Lien Reserve Fund-1 3137AJMF8 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2021 08/05/2015 30,000.00 31,038.28 --- 29,868.30 (610.70) 2.968 3.076 AAA 256350023 LC -Sr Lien Reserve Fund -I 3137ATRW4 Agency CMO Federal Home Loan Mortgage Corporation 05/25/2022 -- 282,110.00 278,085.13 -- 274,995.19 (3,382.26) 2.373 3.103 AAA 256350023 LC -Sr Lien Reserve Fund-1 38380AZ34 Agency CMO The Government National Mortgage Association Guarantt _ 04/20/2046 11/28/2016 _ 150,339.60 154,550.29 --- 146,781.06 (7,206.26) 3.000 3.462 AAA 256350023 LC -Sr Lien Reserve Fund -I 3137AXHPI Agency CMO Federal Home Loan Mortgage Corporation 09/25/2022 09/29/2017 140,000.00 142,089.06 -- 136,914.40 (4,717.48) 2.573 3.149 AAA 256350023 LC -Sr Lien Reserve Fund-1 3137A5FP4 Agency CMO Federal Home Loan Mortgage Corporation O1/15/2021 --- 115,078.11 _ 115,091.12 --- 114,159.78 (888.12) _2.500 3.006 AAA 256350023 LC -Sr Lien Reserve Fund -I 38378CDK0 Agency CMO The Government National Mortgage Association Guarantt 03/20/2035 03/16/2018 27,461.46 27,590.19 -- 27,429.88 (122.99) 3.000 2.968 AAA 256350023 LC -Sr Lien Reserve Fund-1 38377LQT8 Agency CMO The Government National Mortgage Association Guarantt 12/20/2037 --- 35,246.09 _ 35,258.69 --- 35,264.77 34.14 _3.000 2.567 AAA 256350023 LC -Sr Lien Reserve Fund -I 38378AWX5 Agency CMO The Government National Mortgage Association Guarantt O1/20/2036 03/28/2018 103,498.00 104,055.91 -- 103,181.29 (753.40) 3.000 3.149 AAA 256350023 LC -Sr Lien Reserve Fund-1 38378DDC6 Agency CMO The Government National Mortgage Association Guarantt 04/20/2038 06/20/2018 161,866.50 _ 162,960.36 --- 162,264.69 (564.51) _3.500 3.017 AAA 256350023 LC -Sr Lien Reserve Fund -I 31398QTP2 Agency CMO Federal Home Loan Mortgage Corporation 05/15/2038 06/26/2018 90,000.00 91,761.33 -- 91,680.30 372.22 4.500 2.071 AAA 256350023 LC -Sr Lien Reserve Fund-1 38377WL77 Agency CMO Government National Mortgage Association O1/20/2039 08/28/2018 45,487.87 45,288.86 --- 45,378.70 116.21 2.000 2.721 AAA 256350023 LC -Sr Lien Reserve Fund -I 38375KCX8 Agency CMO Government National Mortgage Association O1/20/2037 09/18/2018 59,872.05 60,311.74 -- 60,287.56 (47.44) 5.500 3.185 AAA 256350021 LC-RCTC 2013 Residual Fund 3137A1LC5 Agency CMO Federal Home Loan Mortgage Corporation _ 08/15/2020 01/17/2018 16,265.31 16,211.94 --- 16,162.02 (55.75) 2.000 2.916 _AAA 256350021 LC-RCTC 2013 Residual Fund 3I37A5FP4 Agency CMO Federal Home Loan Mortgage Corporation O1/15/2021 01/30/2018 41,138.17 41,241.01 -- 40,809.89 (401.29) 2.500 3.006 AAA 256350021 LC-RCTC 2013 Residual Fund 38378CDK0 Agency CMO The Government National Mortgage Association Guarantt 03/20/2035 01/30/2018 _ 49,430.63 49,886.31 --- 49,373.79 (375.52) 3.000 2.968 AAA 256350021 LC-RCTC 2013 Residual Fund 38378AWX5 Agency CMO The Government National Mortgage Association Guarantt O1/20/2036 01/30/2018 34,499.33 34,833.54 -- 34,393.76 (361.27) 3.000 3.149 AAA 256350021 LC-RCTC 2013 Residual Fund 3137APP53 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2020 05/18/2018 12,209.97 12,059.73 --- 12,076.27 (3.16) _1.781 2.972 AAA 256350021 LC-RCTC 2013 Residual Fund 3137A1N90 Agency CMO Federal Home Loan Mortgage Corporation 06/25/2020 06/26/2018 65,000.00 65,594.14 -- 65,455.65 (38.26) 3.531 2.956 AAA 256350023 LC -Sr Lien Reserve Fund-1 31417YKF3 Agency MBS Federal National Mortgage Association, Inc. O1/O1/2030 07/10/2013 75,149.97 79,283.22 --- 77,775.71 (1,245.79) _4.500 3.387 AAA 256350023 LC -Sr Lien Reserve Fund -I 3I36A4M48 Agency MBS Federal National Mortgage Association, Inc. O1/25/2022 07/05/2013 40,736.60 40,851.17 -- 40,582.62 (206.99) 2.098 7.257 AAA 256350023 LC -Sr Lien Reserve Fund-1 31381PEB0 Agency MBS Federal National Mortgage Association, Inc. 11/O1/2020 09/26/2014 252,179.85 265,537.50 --- 253,213.78 (2,905.65) 3.370 3.145 AAA 256350023 LC -Sr Lien Reserve Fund -I 38378KXW4 Agency MBS The Government National Mortgage Association Guarantt 02/16/2037 12/11/2014 121,082.63 120,496.13 -- 117,373.86 (3,441.36) 1.705 4.024 AAA 256350023 LC -Sr Lien Reserve Fund-1 38378B6A2 Agency MBS Government National Mortgage Association 11/16/2052 01/22/2015 115,089.39 111,461.37 --- 108,498.22 (4,438.63) 1.826 3.781 AAA 256350023 LC -Sr Lien Reserve Fund -I 38378KSL4 Agency MBS The Government National Mortgage Association Guarantt 12/16/2046 -- 425,000.00 415,829.11 -- 383,681.50 (34,572.31) 2.811 4.284 AAA 256350023 LC -Sr Lien Reserve Fund-1 38378KRS0 Agency MBS The Government National Mortgage Association Guarantt 07/16/2043 05/08/2015 450,000.00 434,460.94 --- 418,626.00 (21,917.61) 2.389 4.087 AAA 256350023 LC -Sr Lien Reserve Fund -I 38378XP62 Agency MBS The Government National Mortgage Association Guarantt 05/16/2055 05/14/2015 318,853.63 322,789.48 -- 301,661.04 (20,248.67) 2.500 3.841 AAA 256350023 LC -Sr Lien Reserve Fund-1 38378KWU9 Agency MBS The Government National Mortgage Association Guarantt 11/16/2041 --- 129,823.38 123,824.12 --- 121,523.77 (3,318.10) 1.400 4.550 AAA 256350023 LC -Sr Lien Reserve Fund -I 38379KDN5 Agency MBS Government National Mortgage Association 09/16/2055 08/05/2015 167,300.11 163,026.11 -- 155,804.92 (9,341.76) 2.116 4.059 AAA 256350023 LC -Sr Lien Reserve Fund-1 3138L33G8 Agency MBS Federal National Mortgage Association, Inc. 06/O1/2020 11/12/2015 100,000.00 99,875.00 --- 98,181.00 (1,654.83) 2.010 3.023 AAA 256350023 LC -Sr Lien Reserve Fund -I 31381Q6B7 Agency MBS Federal National Mortgage Association, Inc. 06/O1/2021 07/15/2016 184,602.41 204,735.61 -- 189,197.16 (6,575.70) 4.295 3.224 AAA 256350023 LC -Sr Lien Reserve Fund-1 3136A7MN9 Agency MBS Federal National Mortgage Association, Inc. 05/25/2022 08/29/2016 300,000.00 308,578.13 --- 290,592.00 (14,305.07) 2.349 3.605 AAA 256350023 LC -Sr Lien Reserve Fund -I 3137B1U75 Agency MBS Federal Home Loan Mortgage Corporation O1/25/2023 08/29/2016 380,000.00 394,917.97 -- 369,850.20 (19,609.80) 2.522 3.266 AAA 256350023 LC -Sr Lien Reserve Fund-1 3138EJPZ5 Agency MBS Federal National Mortgage Association, Inc. 07/O1/2022 08/29/2016 274,780.49 291,857.67 --- 270,897.84 (15,296.00) 2.973 3.553 AAA 256350023 LC -Sr Lien Reserve Fund -I 3I38L76A9 Agency MBS Federal National Mortgage Association, Inc. 11/O1/2021 10/04/2016 123,135.82 127,580.26 -- 122,706.08 (2,629.62) 2.590 2.703 AAA 256350023 LC -Sr Lien Reserve Fund-1 31381T4E7 Agency MBS Federal National Mortgage Association, Inc. 03/O1/2022 10/25/2016 263,117.86 274,906.78 --- 257,916.02 (12,039.45) 2.670 3.456 AAA 256350023 LC -Sr Lien Reserve Fund -I 36202F2H8 Agency MBS Ginnie Maell O1/20/2027 -- 186,569.19 192,299.18 -- 185,227.76 (6,632.51) 3.000 3.211 AAA 256350023 LC -Sr Lien Reserve Fund-1 3136AHAE0 Agency MBS Federal National Mortgage Association, Inc. 04/25/2023 10/28/2016 185,268.39 189,263.24 --- 180,379.16 (7,608.10) 2.603 4.094 AAA 256350023 LC -Sr Lien Reserve Fund -I 3138EKXL4 Agency MBS Federal National Mortgage Association, Inc. 03/O1/2023 -- 278,891.59 274,927.29 -- 269,886.18 (5,518.76) 2.350 3.405 AAA 256350023 LC -Sr Lien Reserve Fund-1 3136AC7J4 Agency MBS Federal National Mortgage Association, Inc. 03/25/2023 02/21/2018 56,437.66 55,509.53 --- 54,936.98 (682.66) 2.570 3.560 AAA 256350023 LC -Sr Lien Reserve Fund -I 31381R5T7 Agency MBS Federal National Mortgage Association, Inc. 09/O1/2021 08/29/2018 130,000.00 132,747.27 -- 131,596.40 (1,077.80) 3.770 3.272 AAA 256350023 LC -Sr Lien Reserve Fund-1 3138NJAE8 Agency MBS Federal National Mortgage Association, Inc. 12/O1/2020 09/13/2018 28,604.81 28,935.56 --- 28,878.56 (55.39) 3.619 3.101 AAA 256350023 LC -Sr Lien Reserve Fund -I 31381N7G2 Agency MBS Federal National Mortgage Association, Inc. 10/O1/2020 09/25/2018 45,271.88 45,438.12 -- 45,247.43 (196.53) 3.270 3.357 AAA 256350021 LC-RCTC 2013 Residual Fund 31416BVR6 Agency MBS Federal National Mortgage Association, Inc. 12/O1/2020 01/17/2018 49,043.38 50,146.86 --- 50,523.51 777.84 5.000 -0.144 AAA 256350021 LC-RCTC 2013 Residual Fund 3137B1UF7 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 01/25/2018 19,069.65 18,789.56 -- 18,612.17 (208.33) 1.785 3.026 AAA 256350021 LC-RCTC 2013 Residual Fund 3137AXHN6 Agency MBS Federal Home Loan Mortgage Corporation _ 02/25/2022 01/25/2018 33,904.53 33,438.35 --- 33,145.07 (349.73) 1.749 3.033 _AAA 256350021 LC-RCTC 2013 Residual Fund 3I294KUP8 Agency MBS Federal Home Loan Mortgage Corporation 11/O1/2018 02/O1/2018 1,120.64 1,131.85 -- 1,128.94 6.03 5.000 -5.593 AAA 256350021 LC-RCTC 2013 Residual Fund 3137AWQG3 Agency MBS Federal Home Loan Mortgage Corporation _ 04/25/2022 01/30/2018 39,500.65 38,667.43 --- 38,460.60 (318.29) 1.583 3.011 AAA 256350021 LC-RCTC 2013 Residual Fund 3I37B2GW4 Agency MBS Federal Home Loan Mortgage Corporation 03/25/2020 06/29/2018 98,064.40 97,428.51 -- 97,258.31 (243.29) 2.313 2.863 AAA 256350021 LC-RCTC 2013 Residual Fund 02582JGN4 Asset Backed American Express Credit Account Master Trust 05/15/2019 01/16/2018 100,000.00 100,351.56 --- 100,194.00 (61.37) 2.528 2.322 AAA 256350021 LC-RCTC 2013 Residual Fund 89236WAD0 Asset Backed Toyota Auto Receivables 2015-A Owner Trust 06/15/2020 01/19/2018 20,408.22 20,353.22 -- 20,376.59 (9.39) 1.520 2.156 AAA 256350021 LC-RCTC 2013 Residual Fund 161571FK5 Asset Backed Chase Issuance Trust 08/15/2019 01/25/2018 115,000.00 113,827.54 --- 113,817.80 (515.07) 1.580 2.779 AAA 5 Page 2 of 32 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio by Investment Category for quarter ended September 30, 2018 Source Account 256350021 Account LC-RCTC 2013 Residual Fund Identifier 65479AAD4 Secun ype Category Asset Backed Issuer Nissan Auto Lease Trust 2017-A ma Maturity 04/15/2020 Trade Date 01/25/2018 Current Face Value 50,000.00 Original Cost 49,771.48 'e: al Date --- Base Market Value 49,706.50 Base Net Total Unrealized Coupon 1.910 Summarized Yield Credit Rating 2.785 AAA 256350021 LC-RCTC 2013 Residual Fund 055657AC4 Asset Backed Bmw Vehicle Lease Trust 2017-1 05/20/2020 01/29/2018 100,000.00 99,703.13 --- 99,602.00 (273.75) 1.980 2.795 AAA 256350021 LC-RCTC 2013 Residual Fund 65477XAE4 Asset Backed Nissan Auto Lease Trust 2016-B O1/18/2022 04/13/2018 45,000.00 44,637.89 --- 44,864.10 13.46 1.610 2.558 AAA 256350021 LC-RCTC 2013 Residual Fund 05522RCV8 Asset Backed BA Credit Card Trust 05/15/2019 06/29/2018 100,000.00 100,214.84 100,198.00 30.22 2.548 2.336 AAA 256350021 LC-RCTC 2013 Residual Fund 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 85,000.00 84,561.72 -- 84,432.20 (173.68) 2.650 2.998 AAA 256350021 LC-RCTC 2013 Residual Fund 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 06/29/2018 100,000.00 98,515.63 --- 98,614.00 (120.58) 1.930 2.968 AAA 256350021 LC-RCTC 2013 Residual Fund 65478HAD0 Asset Backed NAROT 17-C 04/18/2022 09/25/2018 70,000.00 68,908.98 -- 68,980.80 65.86 2.120 2.899 AAA 256350021 LC-RCTC 2013 Residual Fund 14912L6M8 Corporate Caterpillar Financial Services Corporation 11/13/2018 01/19/2018 100,000.00 99,809.00 --- 99,922.00 (50.37) 1.800 2.410 A 256350021 LC-RCTC 2013 Residual Fund 13607RAB6 Corporate Canadian Imperial Bank of Commerce 09/06/2019 01/19/2018 100,000.00 98,888.00 -- 98,864.00 (492.45) 1.600 2.834 AA 256350021 LC-RCTC 2013 Residual Fund 89114QBF4 Corporate The Toronto -Dominion Bank O1/22/2019 01/19/2018 50,000.00 50,366.50 --- 50,127.50 13.72 3.187 2.448 AA 256350021 LC-RCTC 2013 Residual Fund 05531FAQ6 Corporate BB&T Corporation 02/O1/2019 01/25/2018 100,000.00 100,106.00 01/02/2019 99,889.00 (140.01) 2.250 2.569 A 256350021 LC-RCTC 2013 Residual Fund 9115911HE3 Corporate U.S. Bancorp 11/15/2018 01/25/2018 100,000.00 100,035.00 10/15/2018 99,939.00 (62.91) 1.950 2.401 A 256350021 LC-RCTC 2013 Residual Fund 24422ESF7 Corporate John Deere Capital Corporation 12/13/2018 01/25/2018 100,000.00 99,980.00 -- 99,897.00 (98.62) 1.950 2.433 A 256350021 LC-RCTC 2013 Residual Fund 466251-KA7 Corporate JPMorgan Chase & Co. O1/23/2020 01/25/2018 100,000.00 99,577.00 12/23/2019 98,977.00 (741.65) 2.250 3.045 A 256350021 LC-RCTC 2013 Residual Fund 38141EA58 Corporate The Goldman Sachs Group, Inc. 03/15/2020 01/25/2018 100,000.00 105,718.00 -- 103,079.00 (868.53) 5.375 3.204 A 256350021 LC-RCTC 2013 Residual Fund 06406HCU1 Corporate The Bank of New York Mellon Corporation 05/15/2019 01/25/2018 100,000.00 99,974.00 04/15/2019 99,736.00 (252.13) 2.200 2.623 A 256350021 LC-RCTC 2013 Residual Fund 06051GFN4 Corporate Bank of America Corporation 04/21/2020 01/25/2018 100,000.00 99,537.00 -- 98,722.00 (953.51) 2.250 3.093 A 256350021 LC-RCTC 2013 Residual Fund 86787EAS6 Corporate SunTrust Bank O1/31/2020 01/25/2018 100,000.00 100,644.00 12/31/2019 100,348.00 (70.92) 2.872 2.645 A 256350021 LC-RCTC 2013 Residual Fund 0258MODZ9 Corporate American Express Credit Corporation 11/05/2018 01/25/2018 100,000.00 99,905.00 10/15/2018 99,980.00 (8.33) 1.875 2.282 A 256350021 LC-RCTC 2013 Residual Fund 780082AC7 Corporate Royal Bank of Canada 10/14/2020 01/25/2018 100,000.00 98,862.00 --- 97,845.00 (1,293.80) 2.100 3.197 AAA 256350021 LC-RCTC 2013 Residual Fund 6I747WAF6 Corporate Morgan Stanley O1/25/2021 01/29/2018 100,000.00 108,369.00 -- 105,112.00 (1,441.03) 5.750 3.441 A 256350021 LC-RCTC 2013 Residual Fund 06416CAC2 Corporate The Bank of Nova Scotia 04/26/2021 01/29/2018 100,000.00 97,511.00 --- 96,687.00 (1,321.74) 1.875 3.224 AAA 256350021 LC-RCTC 2013 Residual Fund 254010AC5 Corporate Dignity Health 11/O1/2019 03/15/2018 24,000.00 23,897.52 -- 23,850.48 (80.57) 2.637 3.221 A 256350021 LC-RCTC 2013 Residual Fund 369550BA5 Corporate General Dynamics Corporation 05/11/2020 05/08/2018 25,000.00 24,911.50 --- 24,939.50 11.19 2.875 3.028 A 256350021 LC-RCTC 2013 Residual Fund 46849LTA9 Corporate Jackson National Life Global Funding 06/11/2021 06/06/2018 30,000.00 30,000.00 -- 30,140.40 140.40 2.811 2.688 AA 256350021 LC-RCTC 2013 Residual Fund 31677QBB4 Corporate Fifth Third Bank 04/25/2019 06/29/2018 200,000.00 199,518.00 03/25/2019 199,652.00 (12.80) 2.375 2.680 A 256350021 LC-RCTC 2013 Residual Fund 61746BDM5 Corporate Morgan Stanley O1/24/2019 06/29/2018 100,000.00 99,869.00 -- 99,943.00 15.89 2.500 2.667 A 256350021 LC-RCTC 2013 Residual Fund 17275RBG6 Corporate Cisco Systems, Inc. 09/20/2019 06/29/2018 150,000.00 147,883.50 --- 148,041.00 (264.76) 1.400 2.763 AA 256350021 LC-RCTC 2013 Residual Fund 40428HPN6 Corporate HSBC USA Inc. 11/13/2019 06/29/2018 100,000.00 99,140.00 -- 99,338.00 45.06 2.375 2.976 A 256350021 LC-RCTC 2013 Residual Fund 89114QAS7 Corporate The Toronto -Dominion Bank 07/02/2019 06/29/2018 100,000.00 99,429.00 --- 99,562.00 (6.09) 2.125 2.708 AA 256350021 LC-RCTC 2013 Residual Fund 06367TPX2 Corporate Bank of Montreal 12/12/2019 06/29/2018 100,000.00 98,847.00 -- 99,045.00 4.30 2.100 2.910 AA 256350021 LC-RCTC 2013 Residual Fund 36164QMS4 Corporate GE Capital International Funding Company Unlimited Company 11/15/2020 07/02/2018 200,000.00 195,482.00 --- 195,424.00 (502.36) 2.342 3.464 A 256350021 LC-RCTC 2013 Residual Fund 375558BB8 Corporate Gilead Sciences, Inc. 09/O1/2020 07/03/2018 35,000.00 34,582.10 -- 34,648.25 21.00 2.550 3.091 A 256350021 LC-RCTC 2013 Residual Fund 46625HHS2 Corporate JPMorgan Chase & Co. 07/22/2020 07/03/2018 40,000.00 40,970.00 --- 40,843.20 (17.41) 4.400 3.194 A 256350021 LC-RCTC 2013 Residual Fund 902674XF2 Corporate UBS AG 06/08/2020 07/02/2018 200,000.00 196,114.00 05/08/2020 196,390.00 (197.34) 2.200 3.303 AA 256350021 LC-RCTC 2013 Residual Fund 0258MOEE5 Corporate American Express Credit Corporation 03/03/2020 07/17/2018 60,000.00 59,195.40 02/O1/2020 59,328.00 34.68 2.200 3.005 A 256350021 LC-RCTC 2013 Residual Fund 46849LSP7 Corporate Jackson National Life Global Funding 04/29/2021 09/17/2018 10,000.00 9,718.95 -- 9,721.60 (0.84) 2.250 3.383 AA 256350023 LC -Sr Lien Reserve Fund-1 31846V401 MM Fund First American Funds, Inc. 09/30/2018 --- 0.00 5,063.65 --- 5,063.65 0.00 1.580 1.530 AAA 256350021 LC-RCTC 2013 Residual Fund 31846V401 MM Fund First American Funds, Inc. 09/30/2018 -- 0.00 15,422.18 -- 15,422.18 0.00 1.580 1.530 AAA 256350021 LC-RCTC 2013 Residual Fund 459058GK3 Non -US Gov International Bank for Reconstruction and Development 08/21/2020 --- 30,000.00 30,006.00 --- 30,005.40 (0.26) 2.380 2.406 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828SA9 TIPS Treasury, United States Department of O1/15/2022 -- 462,069.30 464,371.95 -- 450,628.46 (13,142.50) 0.125 0.887 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828V49 TIPS Treasury, United States Department of O1/15/2027 --- 292,110.00 290,767.15 --- 278,839.44 (12,116.29) 0.375 0.945 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828UH1 TIPS Treasury, United States Department of O1/15/2023 02/05/2018 191,059.75 188,561.67 -- 184,959.21 (3,927.87) 0.125 0.883 AAA 256350021 LC-RCTC 2013 Residual Fund 912828UH1 TIPS Treasury, United States Department of O1/15/2023 --- 98,259.30 96,388.98 --- 95,121.88 (1,403.16) 0.125 0.883 AAA 256350021 LC-RCTC 2013 Residual Fund 9I2828SA9 TIPS Treasury, United States Department of O1/15/2022 06/29/2018 200,415.60 197,069.62 -- 195,453.31 (1,855.93) 0.125 0.887 AAA 256350023 LC -Sr Lien Reserve Fund-1 9128281358 US Gov Treasury, United States Department of 44227 -- 1375000 1405890.241 -- 1352340 -36968.1906 2.125 2.85747 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828XB1 US Gov Treasury, United States Department of 05/15/2025 05/24/2016 1,200,000.00 1,228,546.88 -- 1,136,208.00 (85,308.15) 2.125 3.015 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828G38 US Gov Treasury, United States Department of 11/15/2024 04/18/2017 1,350,000.00 1,369,037.11 --- 1,293,732.00 (71,890.99) 2.250 2.999 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828L99 US Gov Treasury, United States Department of 10/31/2020 -- 1,250,000.00 1,239,802.73 -- 1,213,237.50 (30,564.89) 1.375 2.834 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828L57 US Gov Treasury, United States Department of 09/30/2022 --- 1,400,000.00 1,386,564.45 --- 1,337,826.00 (51,981.53) 1.750 2.933 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828VV9 US Gov Treasury, United States Department of 08/31/2020 07/14/2017 305,000.00 310,087.30 -- 301,031.95 (7,117.73) 2.125 2.824 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828UN8 US Gov Treasury, United States Department of 02/15/2023 07/27/2018 105,000.00 101,300.39 --- 100,955.40 (475.54) 2.000 2.943 AAA 256350021 LC-RCTC 2013 Residual Fund 912828UF5 US Gov Treasury, United States Department of 12/31/2019 -- 265,000.00 259,842.78 -- 259,856.35 (901.88) 1.125 2.707 AAA 256350021 LC-RCTC 2013 Residual Fund 912828576 US Gov Treasury, United States Department of 07/31/2021 06/29/2018 95,000.00 90,769.53 --- 90,483.70 (626.24) 1.125 2.880 AAA 256350021 LC-RCTC 2013 Residual Fund 912828B58 US Gov Treasury, United States Department of O1/31/2021 06/29/2018 265,000.00 261,853.13 -- 260,632.80 (1,526.55) 2.125 2.857 AAA 256350021 LC-RCTC 2013 Residual Fund 912828Q37 US Gov Treasury, United States Department of 03/31/2021 06/29/2018 270,000.00 260,286.33 --- 259,591.50 (1,574.20) 1.250 2.855 AAA 256350021 LC-RCTC 2013 Residual Fund 9I2828V V9 US Gov Treasury, United States Department of 08/31/2020 -- 510,000.00 505,133.20 -- 503,364.90 (2,265.36) 2.125 2.824 AAA 256350021 LC-RCTC 2013 Residual Fund 912828L57 US Gov Treasury, United States Department of 09/30/2022 06/29/2018 100,000.00 96,167.97 --- 95,559.00 (829.50) 1.750 2.933 AAA 256350021 LC-RCTC 2013 Residual Fund 912828VA5 US Gov Treasury, United States Department of 04/30/2020 -- 445,000.00 434,000.98 -- 433,665.85 (1,264.35) 1.125 2.774 AAA 256350021 LC-RCTC 2013 Residual Fund 56052FHZ1 VRDN Maine State Housing Authority 11/15/2052 06/29/2018 100,000.00 100,000.00 10/30/2018 100,000.00 0.00 2.200 2.200 AA 256350021 LC-RCTC 2013 Residual Fund 658886DZ6 VRDN North Dakota Housing Finance Agency 07/O1/2038 06/29/2018 100,000.00 100,000.00 10/31/2018 100,000.00 0.00 2.120 2.120 AA 24,960,174.73 24,993,507.41 24,353,54396 (626,358.56) 6 Page 3 of 32 OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio by Account for quarter ended September 30, 2018 ATTACHMENT 3 Source Security Ty pc Current ' . xt Call Base Net Total Unrealized Summarized 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 256350021 LC-RCTC 2013 Residual Fund 3134GSTK1 Agency Federal Home Loan Mortgage Corporation 3137A1LC5 Agency CMG Federal Home Loan Mortgage Corporation 3137A5FP4 Agency CMG Federal Home Loan Mortgage Corporation 38378CDK0 Agency CMG The Government National Mortgage Association Guaranteed REMIC Pass-T 38378AWX5 Agency CMG The Government National Mortgage Association Guaranteed REMIC Pass-T 3137APP53 Agency CMG Federal Home Loan Mortgage Corporation 3137A1N90 Agency CMG Federal Home Loan Mortgage Corporation 31416BVR6 Agency MBS Federal National Mortgage Association, Inc. 3137B1UF7 Agency MBS Federal Home Loan Mortgage Corporation 3137AXHN6 Agency MBS Federal Home Loan Mortgage Corporation 31294KUP8 Agency MBS Federal Home Loan Mortgage Corporation 3137AWQG3 Agency MBS Federal Home Loan Mortgage Corporation 3137B2GW4 Agency MBS Federal Home Loan Mortgage Corporation 02582JGN4 Asset Backed American Express Credit Account Master Trust 89236WAD0 Asset Backed Toyota Auto Receivables 2015-A Owner Trust 161571FK5 Asset Backed Chase Issuance Trust 65479AAD4 Asset Backed Nissan Auto Lease Trust 2017-A 055657AC4 Asset Backed Bmw Vehicle Lease Trust 2017-1 65477XAE4 Asset Backed Nissan Auto Lease Trust 2016-B 05522RCV8 Asset Backed BA Credit Card Trust 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 02587AAJ3 Asset Backed American Express Credit Account Master Trust 65478HAD0 Asset Backed 14912L6M8 Corporate 13607RAB6 Corporate NAROT 17-C Caterpillar Financial Services Corporation Canadian Imperial Bank of Commerce 89114QBF4 Corporate The Toronto -Dominion Bank 05531FAQ6 Corporate 91159HHE3 Corporate 24422ESF7 Corporate 46625HKA7 Corporate 38141E408 Corporate 06406HCU1 Corporate 06051GFN4 Corporate 86787EAS6 Corporate 0258MODZ9 Corporate BB&T Corporation U.S. Bancorp John Deere Capital Corporation JPMorgan Chase & Co. The Goldman Sachs Group, Inc. The Bank of New York Mellon Corporation Bank of America Corporation SunTmst Bank American Express Credit Corporation 780082AC7 Corporate Royal Bank of Canada 61747WAF6 Corporate 06416CAC2 Corporate 254010AC5 Corporate 369550BA5 Corporate 46849LTA9 Corporate 31677QBB4 Corporate 61746BDM5 Corporate 17275RBG6 Corporate 40428HPN6 Corporate 89114QAS7 Corporate 06367TPX2 Corporate 36164QMS4 Corporate 375558BB8 Corporate 46625HHS2 Corporate 902674XF2 Corporate Morgan Stanley The Bank of Nova Scotia Dignity Health General Dynamics Corporation Jackson National Life Global Funding Fifth Third Bank Morgan Stanley Cisco Systems, Inc. HSBC USA Inc. The Toronto -Dominion Bank Bank of Montreal GE Capital International Funding Company Unlimited Company Gilead Sciences, Inc. IPMorgan Chase Be Co. UBS AG 0258MOEE5 Corporate American Express Credit Corporation 46849LSP7 Corporate Jackson National Life Global Funding 31846V401 MM Fund First American Funds, Inc. 08/23/2021 08/27/2018 100,000.00 100,050.00 11/23/2018 100,001.00 (29.46) 3.000 2.989 O8/15/2020 01/17/2018 01/15/2021 01/30/2018 03/20/2035 01/30/2018 01/20/2036 01/30/2018 10/25/2020 05/18/2018 06/25/2020 06/26/2018 12/O1/2020 01/17/2018 09/25/2022 01/25/2018 02/25/2022 01/25/2018 11/O1/2018 02/O1/2018 04/25/2022 01/30/2018 03/25/2020 06/29/2018 05/15/2019 01/16/2018 06/15/2020 01/19/2018 O8/15/2019 01/25/2018 04/15/2020 01/25/2018 05/20/2020 01/29/2018 01/18/2022 04/13/2018 05/15/2019 06/29/2018 05/16/2022 06/29/2018 02/18/2020 06/29/2018 04/18/2022 09/25/2018 11/13/2018 01/19/2018 09/06/2019 01/19/2018 01/22/2019 01/19/2018 02/O1/2019 01/25/2018 11/15/2018 01/25/2018 12/13/2018 01/25/2018 01/23/2020 01/25/2018 03/15/2020 01/25/2018 05/15/2019 01/25/2018 04/21/2020 01/25/2018 01/31/2020 01/25/2018 11/05/2018 01/25/2018 10/14/2020 01/25/2018 01/25/2021 01/29/2018 04/26/2021 01/29/2018 11/O1/2019 03/15/2018 05/11/2020 05/08/2018 06/11/2021 06/06/2018 04/25/2019 06/29/2018 01/24/2019 06/29/2018 09/20/2019 06/29/2018 11/13/2019 06/29/2018 07/02/2019 06/29/2018 12/12/2019 06/29/2018 11/15/2020 07/02/2018 09/O1/2020 07/03/2018 07/22/2020 07/03/2018 06/08/2020 07/02/2018 03/03/2020 07/17/2018 04/29/2021 09/17/2018 09/30/2018 16,265.31 41,138.17 16,211.94 41,241.01 49,430.63 49,886.31 34,499.33 34,833.54 12,209.97 12,059.73 65,000.00 65,594.14 49,043.38 50,146.86 19,069.65 33,904.53 1,120.64 39,500.65 98,064.40 18,789.56 33,438.35 1,131.85 38,667.43 97,428.51 100,000.00 100,351.56 20,408.22 20,353.22 115,000.00 113,827.54 50,000.00 49,771.48 100,000.00 99,703.13 45,000.00 100,000.00 85,000.00 100,000.00 70,000.00 100,000.00 100,000.00 44,637.89 100,214.84 84,561.72 98,515.63 68,908.98 99,809.00 98,888.00 50,000.00 50,366.50 100,000.00 100,106.00 01/02/2019 100,000.00 100,035.00 10/15/2018 100,000.00 99,980.00 100,000.00 99,577.00 12/23/2019 100,000.00 100,000.00 100,000.00 105,718.00 99,974.00 04/15/2019 99,537.00 100,000.00 100,644.00 12/31/2019 100,000.00 99,905.00 10/15/2018 100,000.00 98,862.00 100,000.00 100,000.00 24 000.00 25,000.00 30,000.00 108,369.00 97,511.00 23 897.52 24,911.50 30,000.00 200,000.00 199,518.00 03/25/2019 100,000.00 150,000.00 100,000.00 100,000.00 100,000.00 200,000.00 35,000.00 40,000.00 200,000.00 60,000.00 10,000.00 99,869.00 147,883.50 99,140.00 99,429.00 98,847.00 195,482.00 34,582.10 40,970.00 196,114.00 05/08/2020 59,195.40 02/01/2020 9,718.95 15,422.18 16,162.02 40,809.89 49,37339 34,393.76 12,076.27 65,455.65 50,523.51 18,612.17 33,145.07 1,128.94 38,460.60 97,258.31 100,194.00 20,376.59 113,817.80 49,706.50 99,602.00 44,864.10 100,198.00 84,432.20 98,614.00 68,980.80 99,922.00 98,864.00 50,127.50 99,889.00 99,939.00 99,897.00 98,977.00 103,079.00 99,736.00 98,722.00 100,348.00 99,980.00 97,845.00 105,112.00 96,687.00 23 850.48 24,939.50 30,140.40 199,652.00 99,943.00 148,041.00 99,338.00 99,562.00 99,045.00 195,424.00 34,648.25 40,843.20 196,390.00 59,328.00 9,721.60 15,422.18 (55.75) 2.000 2.916 (401.29) 2.500 3.006 (375.52) 3.000 2.968 (361.27) 3.000 3.149 (3.16) 1.781 2.972 (38.26) 3.531 2.956 777.84 5.000 -0.144 (208.33) 1.785 3.026 (349.73) 1.749 3.033 6.03 5.000 -5.593 (318.29) 1.583 3.011 (243.29) 2.313 2.863 (61.37) 2.528 2.322 (9.39) 1.520 2.156 (515.07) 1.580 2.779 (177.51) 1.910 2.785 (273.75) 1.980 2.795 13.46 1.610 2.558 30.22 2.548 2.336 (173.68) 2.650 2.998 (120.58) 1.930 2.968 65.86 2.120 2.899 (50.37) 1.800 2.410 (492.45) 1.600 2.834 13.72 3.187 2.448 (140.01) 2.250 2.569 (62.91) 1.950 2.401 (98.62) 1.950 2.433 (741.65) 2.250 3.045 (868.53) 5.375 3.204 (252.13) 2.200 2.623 (953.51) 2.250 3.093 (70.92) 2.872 2.645 (8.33) 1.875 2.282 (1,293.80) 2.100 3.197 (1,441.03) 5.750 3.441 (1,321.74) 1.875 3.224 (80.57) 2.637 3.221 11.19 2.875 3.028 140.40 2.811 2.688 (12.80) 2.375 2.680 15.89 2.500 2.667 (264.76) 1.400 2.763 45.06 2.375 2.976 (6.09) 2.125 2.708 4.30 2.100 2.910 (502.36) 2.342 3.464 21.00 2.550 3.091 (17.41) 4.400 3.194 (197.34) 2.200 3.303 34.68 2.200 3.005 (0.84) 2.250 3.383 1.580 1.530 AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA A AA AA A A A A A A A AAA AAA AA AA AA AAA 256350021 LC-RCTC 2013 Residual Fund 459058GK3 Non -US Gov International Bank for Reconstruction and Development 08/21/2020 30,000.00 30,006.00 30,005.40 (0.26) 2.380 2.406 AAA 256350021 LC-RCTC 2013 Residual Fund 912828UH1 TIPS Treasury, United States Department of 01/15/2023 98,259.30 96,388.98 95,121.88 (1,403.16) 0.125 0.883 AAA 256350021 LC-RCTC 2013 Residual Fund 912828SA9 TIPS Treasury, United States Department of 01/15/2022 06/29/2018 200,415.60 197,069.62 195,453.31 AAA 256350021 LC-RCTC 2013 Residual Fund 912828UF5 US Gov Treasury, United States Department of 12/31/2019 259,856.35 AAA 256350021 LC-RCTC 2013 Residual Fund 912828576 US Gov Treasury, United States Department of 07/31/2021 06/29/2018 95,000.00 90,769.53 90,483.70 AAA 256350021 LC-RCTC 2013 Residual Fund 912828B58 US Gov Treasury, United States Department of 01/31/2021 06/29/2018 260,632.80 AAA 256350021 LC-RCTC 2013 Residual Fund 912828Q37 US Gov Treasury, United States Department of 03/31/2021 06/29/2018 270,000.00 260,286.33 259,591.50 AAA 256350021 LC-RCTC 2013 Residual Fund 912828VV9 US Gov Treasury, United States Department of 08/31/2020 510,000.00 505,133.20 503,364.90 AAA 256350021 LC-RCTC 2013 Residual Fund 912828L57 US Gov Treasury, United States Department of 09/30/2022 06/29/2018 100,000.00 96,167.97 95,559.00 AAA 256350021 LC-RCTC 2013 Residual Fund 912828VA5 US Gov Treasury, United States Department of 04/30/2020 445,000.00 434,000.98 433,665.85 AAA 256350021 LC-RCTC 2013 Residual Fund Maine State Housing AuthoritY 11/15/2052 06/29/2018 100,000.00 100,000.00 10/30/2018 100,000.00 0.00 2.200 2.200 256350021 LC-RCTC 2013 Residual Fund North Dakota Housing Finance Agency 07/01/2038 06/29/2018 100,000.00 100,000.00 10/31/2018 100,000.00 AA 6,587,334.76 256350023 LC -Sr Lien Reserve Fund-1 3137EADB2 Agency Federal Home Loan Mortgage Corporation 01/13/2022 950,000.00 942,921.50 933,593.50 AAA 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 3135GOD75 Agency 3137EADR7 Agency 3134GSTIC1 Agency 3134G9V38 Agency Federal National Mortgage Association, Inc. Federal Home Loan Mortgage Corporation Federal Home Loan Mortgage Corporation Federal Home Loan Mortgage Corporation 3136A72D3 Agency CMG Federal National Mortgage Association, Inc. 3137ASNH3 Agency CMG Federal Home Loan Mortgage Corporation 3137AUPE3 Agency CMG Federal Home Loan Mortgage Corporation 31395EZP5 Agency CMG Federal Home Loan Mortgage Corporation 38377JZ89 Agency CMG The Government National Mortgage Association Guaranteed REMIC Pass-T 38377RVIC8 Agency CMG 38378TAF7 Agency CMG 38378CRT6 Agency CMG The Government National Mortgage Association Guaranteed REMIC Pass-T 06/25/2022 04/20/2039 The Government National Mortgage Association Guaranteed REMIC Pass-T 07/20/2041 07/05/2013 The Government National Mortgage Association Guaranteed REMIC Pass-T 600,000.00 475,000.00 200,000.00 250,000.00 331,344.00 98,568.97 379,000.00 6,555.58 55,512.01 121,075.07 137,146.93 593,490.00 471,527.75 314,776.80 96,324.21 366,344.03 57,209.90 137,167.60 587,190.00 464,654.50 200,002.00 244,725.00 323,229.38 97,480.76 369,48331 6,574.13 55,395.44 119,855.85 133,73334 AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 38376GB33 Agency CMG The Government National Mortgage Association Guaranteed REMIC Pass-T 10/16/2044 01/23/2015 38376T5Z1 Agency CMG The Government National Mortgage Association Guaranteed REMIC Pass-T 164,831.26 169,193.56 89538.83 164,872.47 Page 4 of 32 INFRIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio by Account for quarter ended September 30, 2018 Sour c _ Account Account Identifier Seco Ott T,vpc Cateaory Issuer Final NI urity Trade Date Cu omit Value xt Call Original Cost Date Base Market Value Base Net Total Unrealized Gain/Lass Coupon Vield Summarized Credit Bating 256350023 LC -Sr Lien Reserve Fund-1 38376WA62 Agency CMG The Government National Mortgage Association Guaranteed REMIC Pass-T 10/20/2039 --- 81,028.25 84,352.17 --- 83,452.61 (1,485.28) 4.000 2.928 AAA 256350023 LC -Sr Lien Reserve Fund-1 38377RSZ9 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass- Through Securities 06/16/2039 - 69,218.05 71,390.72 - 70 258.40 (369.24) 4.500 2.606 AAA 256350023 LC -Sr Lien Reserve Fund-1 38378B7F0 Agency CMO Government National Mortgage Association 12/16/2042 -- 450,000.00 427,324.22 -- 417,663.00 (17,956.12) 2.273 3.879 AAA 256350023 LC-S Lien Reserve Fund-1 3137AJMF8 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2021 08/05/2015 30,000.00 31,038.28 - 29,868.30 (610.70) 2.968 3.076 AAA 256350023 LC -Sr Lien Reserve Fund-1 3137ATRW4 Agency CMO Federal Home Loan Mortgage Corporation 05/25/2022 - 282,110.00 278,085.13 - 274,995.19 (3,382.26) 2. 73 3.103 AAA 256350023 LC -Sr Lien Reserve Fund-1 38380AZ34 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 04/20/2046 11/28/2016 150,339.60 154,550.29 - 146,781.06 (7,206.26) 3.000 3.462 AAA 256350023 LC -Sr Lien Reserve Fund-1 3137AXEIPI Agency CMO Federal Home Loan Mortgage Corporation 09/25/2022 09/29/2017 140,000.00 142,089.06 - 136,914.40 (4,717.48) 2.573 3.149 AAA 256350023 LC -Sr Lien Reserve Fund-1 3137A5FP4 Agency CMO Federal Home Loan Mortgage Corporation 01/15/2021 - 115,078.11 115,091.12 - 114,159.78 (888.12) 2.500 3.006 AAA 256350023 LC -Sr Lien Reserve Fund-1 38378CDK0 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 03/20/2035 03/16/2018 27,461.46 27,590.19 - 27,429.88 (122.99) 3.000 2.968 AAA 256350023 LC-S Lien Reserve Fund-1 38377LQT8 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 12/20/2037 - 35,246.09 35,258.69 - 35,264.77 34.14 3.000 2.567 AAA 256350023 LC -Sr Lien Reserve Fund-1 38378AWX5 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 01/20/2036 03/28/2018 103,498.00 104,055.91 --- 103,181.29 (753.40) 3.000 3.149 AAA 256350023 LC-S Lien Reserve Fund-1 38378DDC6 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 04/20/2038 06/20/2018 161,866.50 162,960.36 - 162,264.69 (564.51) 3.500 3.017 AAA 256350023 LC -Sr Lien Reserve Fund-1 31398QTP2 Agency CMO Federal Home Loan Mortgage Corporation 05/15/2038 06/26/2018 90,000.00 91,761.33 - 91,680.30 372.22 4.500 2.071 AAA 256350023 LC -Sr Lien Reserve Fund-1 38377WL77 Agency CMO Government National Mortgage Association 01/20/2039 08/28/2018 45 487.87 45 288.86 - 45 378.70 116.21 2.000 2.721 AAA 256350023 LC -Sr Lien Reserve Fund-1 38375KCX8 Agency CMO Government National Mortgage Association 01/20/2037 09/18/2018 59,872.05 60,311.74 - 60,287.56 (47.44) 5.500 3.185 AAA 256350023 LC -Sr Lien Reserve Fund-1 31417YKF3 Agency MBS Federal National Mortgage Association, Inc. 01/0 /2030 07/10/2013 75,149.97 79,283.22 - 77,775.71 (1,245.79) 4.500 3.387 AAA 256350023 LC -Sr Lien Reserve Fund-1 3136A4M48 Agency MBS Federal National Mortgage Association,Inc. 01/25/2022 07/05/2013 40,736.60 40,851.17 - 40,582.62 (206.99) 2.098 7.257 AAA 256350023 LC-S Lien Reserve Fund-1 31381PEH0 Agency MBS Federal National Mortgage Association, Inc. II/0 /2020 09/26/2014 252,179.85 265,537.50 - 253,213.78 (2,905.65) 3.370 3.145 AAA 256350023 LC -Sr Lien Reserve Fund-1 38378KXW4 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-T 02/16/2037 12/11/2014 121,082.63 120,496.13 --- 117,373.86 (3,441.36) 1.705 4.024 AAA 256350023 LC-S Lien Reserve Fund-1 38378H6A2 Agency MBS Government National Mortgage Association II/16/2052 01/22/2015 115,089.39 111,461.37 - 108,498.22 (4,438.63) 1.826 3.781 AAA 256350023 LC -Sr Lien Reserve Fund-1 38378KSL4 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-T 12/16/2046 - 425,000.00 415,829.11 --- 383,681.50 (34,572.31) 2.811 4.284 AAA 256350023 LC -Sr Lien Reserve Fund-1 38378KRS0 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass- Through Securities 07/16/2043 05/08/2015 450,000.00 434,460.94 -- 418,626.00 (21,917.61) 2.389 4.087 AAA 256350023 LC -Sr Lien Reserve Fund-1 38378XP62 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass- Through Securities 05/16/2055 05/14/2015 318,853.63 322,789.48 --- 301,661.04 (20,248.67) 2.500 3.841 AAA 256350023 LC -Sr Lien Reserve Fund-1 38378KWU9 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass- Through Securities 11/16/2041 - 129,823.38 123,824.12 --- 121,523.77 (3,318.10) 1.400 4.550 AAA 256350023 LC -Sr Lien Reserve Fund-1 38379KDN5 Agency MBS Government National Mortgage Association 09/16/2055 08/05/2015 167,300.11 163,026.11 --- 155,804.92 (9,341.76) 2.116 4.059 AAA 256350023 LC -Sr Lien Reserve Fund-1 3138L33G8 Agency MBS Federal National Mortgage Association,Inc. 06/01/2020 11/12/2015 100,000.00 99,875.00 - 98,181.00 (1,654.83) 2.010 3.023 AAA 256350023 LC -Sr Lien Reserve Fund-1 31381Q6B7 Agency MBS Federal National Mortgage Association, Inc. 06/01/2021 07/15/2016 184,602.41 _ 204,735.61 -- 189,197.16 (6,575.70) 4.295 3.224 AAA 256350023 LC -Sr Lien Reserve Fund-1 3136A7MN9 Agency MBS Federal National Mortgage Association, Inc. 05/25/2022 08/29/2016 300,000.00 308,578.13 - 290,592.00 (14,305.07) 2.349 3.605 AAA 256350023 LC -Sr Lien Reserve Fund-1 3137B1U75 Agency MBS Federal Horne Loan Mortgage Corporation 01/25/2023 08/29/2016 380,000.00 394,917.97 - 369,850.20 (19,609.80) 2.522 3.266 AAA 256350023 LC -Sr Lien Reserve Fund-1 3138EIPZ5 Agency MBS Federal National Mortgage Association, Inc. 07/01/2022 08/29/2016 274,780.49 291,857.67 - 270,897.84 (15,296.00) 2.973 3.553 AAA 256350023 LC -Sr Lien Reserve Fund-1 3138L76A9 Agency MBS Federal National Mortgage Association, Inc. 11/01/2021 10/04/2016 123,135.82 127,580.26 -- 122,706.08 (2,629.62) 2.590 2.703 AAA 256350023 LC -Sr Lien Reserve Fund-1 31381T4E7 Agency MBS Federal National Mortgage Association,Inc. 03/01/2022 10/25/2016 263,117.86 274,906.78 - 257,916.02 (12,039.45) 2.670 3.456 AAA 256350023 LC -Sr Lien Reserve Fund-1 36202F2H8 Agency MBS Ginnie Mae II 01/20/2027 --- 186,569.19 192,299.18 - 185,227.76 (6,632.51) 3.000 3.211 AAA 256350023 LC -Sr Lien Reserve Fund-1 3136AHAE0 Agency MBS Federal National Mortgage Association, Inc. 04/25/2023 10/28/2016 185,268.39 189,263.24 - 180,379.16 (7,608.10) 2.603 4.094 AAA 256350023 LC -Sr Lien Reserve Fund-1 3138EKXL4 Agency MBS Federal National Mortgage Association, Inc. 03/01/2023 --- 278,891.59 274,927.29 - 269,886.18 (5,518.76) 2.350 3.405 AAA 256350023 LC -Sr Lien Reserve Fund-1 3136AC7J4 Agency MBS Federal National Mortgage Association, Inc. 03/25/2023 02/21/2018 56,437.66 55,509.53 - 54,936.98 (682.66) 2.570 3.560 AAA 256350023 LC -Sr Lien Reserve Fund-1 31381R5T7 Agency MBS Federal National Mortgage Association,Inc. 09/01/2021 08/29/2018 130,000.00 132,747.27 - 131,596.40 (1,077.80) 3.770 3.272 AAA 256350023 LC -Sr Lien Reserve Fund-1 3138NJAE8 Agency MBS Federal National Mortgage Association, Inc. 12/01/2020 09/13/2018 28,604.81 28,935.56 - 28,878.56 (55.39) 3.619 3.101 AAA 256350023 LC -Sr Lien Reserve Fund-1 31381N7G2 Agency MBS Federal National Mortgage Association ,Inc. 10/01/2020 09/25/2018 45,271.88 45,438.12 - 45,247.43 (196.53) 3.270 3.357 AAA 256350023 LC -Sr Lien Reserve Fund-1 31846V401 MM Fund First American Funds, Inc. 09/30/2018 - - 5,063.65 - 5,063.65 - 1.580 1.530 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828SA9 TIPS Treasury, United States Department of 01/15/2022 - 462,069.30 464,371.95 -- 450,628.46 (13,142.50) 0.125 0.887 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828V49 T1PS Treasury, United States Department of 01/15/2027 - 292,110.00 290,767.15 - 278,839.44 (12,116.29) 0.375 0.945 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828UH1 TIPS Treasury, United States Department of 01/15/2023 02/05/2018 191,059.75 188,561.67 -- 184,959.21 (3,927.87) 0.125 0.883 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828B58 US Gov Treasury, United States Department of 01/31/2021 - 1,375,000.00 1,405,890.24 - 1,352,340.00 (36,968.19) 2.125 2.857 AAA 256350023 LC -Sr Lien Reserve Fund-1 9128283(131 _ US Gov Treasury, United States Department of 05/15/2025 05/24/2016 1,200,000.00 1,228,546.88 - 1,136,208.00 (85,308.15) _2.125 3.015 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828G38 US Gov Treasury, United States Department of 45611 42843 1350000 1369037.11 -- 1293732 -71890.9895 2.25 2.99908 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828L99 US Gov Treasury, United States Department of 10/31/2020 - 1,250,000.00 1,239,802.73 --- 1,213,237.50 (30,564.89) 1.375 2.834 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828L57 US Gov Treasury, United States Department of 09/30/2022 - 1,400,000.00 1,386,564.45 - 1,337,826.00 (51,981.53) 1.750 2.933 AAA 256350023 LC -Sr Lien Reserve Fund-1 912828VV9 US Gov Treasury, United States Department of 08/31/2020 07/14/2017 305,000.00 310,087.30 - 301,031.95 (7,117.73) 2.125 2.824 AAA 256350023 LC-S Lien Reserve Fund-1 912828UN8 US Gov Treasury, United States Department of 02/15/2023 07/27/2018 105,000.00 101,300.39 - 100,955.40 (475.54) 2.000 2.943 AAA 18,312,844.94 18,387,402.02 17,766,209.20 (602,696.91) 8 Page 5 of 32 ri 15 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended September 30, 2018 ATTACHMENT 4 Source Beginning Base Base Maturities and Base Base Change In Net Total Realized Amortization/A Net Unrealized Ending Base Ending Accrued 256350021 L C-RCTC 20 3 Residual Fund 61747WAF6 MORGAN STANLEY 256350021 L C-RCTC 2013 Residual Fund 38141EA58 GOLDMAN SACHS GROUP INC 256350021 L C-RCTC 2013 Residual Fund 31416BVR6 FN 995324 256350021 L C-RCTC 2013 Residual Fund 46625HHS2 1PMORGAN CHASE & CO 105,725.00 103,574.00 62,007.15 40,970.00 (11,805.82) (213.97) (686.88) (663.77) (236.20) (109.39) 73.88 168.77 772.34 (17.41) 105,112.00 103,079.00 50,523.51 40,843.20 1,054.17 238.89 204.35 337.33 256350021 L C-RCTC 2013 Residual Fund 3137A1N90 FHMS K008 A2 65,711.75 (98.42) (157.68) 65,455.65 191.26 256350021 LC-RCTC 2013 Residual Fund 89114QBF4 TORONTO-DOMINION BANK 256350021 L C-RCTC 2013 Residual Fund 86787EAS6 SUNTRUST BANK 50,222.00 100,352.00 (92.63) (1.87) 50,127.50 309.85 (84.52) 80.52 100,348.00 494.69 256350021 L C-RCTC 2013 Residual Fund 02582JGN4 AMXCA 141 A 100,250.00 (56.86) 0.86 100,194.00 98.33 256350021 L C-RCTC 2013 Residual Fund 38378CDK0 GNR 111690 AK 58,206.06 (8,693.47) (61.16) (48.75) (28.89) 49,373.79 123.58 256350021 L C-RCTC 2013 Residual Fund 05522RCV8 BACCT 161 A 100,210.00 (47.06) 35.06 100,198.00 99.11 256350021 L C-RCTC 2013 Residual Fund 05531FAQ6 BB&T CORP 99,747.00 (28.86) 170.86 99,889.00 375.00 256350021 L C-RCTC 2013 Residual Fund 38378AWX5 GNR 11157E QA 39,160.45 (4,645.08) (36.61) (27.15) (57.85) 34,393.76 86.25 256350021 L C-RCTC 2013 Residual Fund 3134GSTK1 FEDERAL HOME LOAN MORTGAGE CORP 100,050.00 (19.54) (29.46) 100,001.00 316.67 256350021 LC-RCTC 2013 Residual Fund 3137A5FP4 FHA 3791E DA 44,858.33 (3,927.02) (7.98) (13.94) (99.51) 40,809.89 85.70 256350021 L C-RCTC 2013 Residual Fund 91159HHE3 U.S. BANCORP 99,788.00 (12.55) 163.55 99,939.00 736.67 256350021 LC-RCTC 2013 Residual Fund 31294KUP8 FH E01490 4,262.29 (3,090.23) (11.22) (7.05) (24.85) 1,128.94 4.67 256350021 L C-RCTC 2013 Residual Fund 375558BQ5 GILEAD SCIENCES INC 100,098.00 - (100,109.00) (24.09) (0.91) 36.00 256350021 LC-RCTC 2013 Residual Fund 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM - 15,006.00 (0.34) (2.96) 15,002.70 37.12 256350021 L C-RCTC 2013 Residual Fund 31846V401 1,684,762.14 558,947.33 (2,228,287.29) 15,422.18 256350021 LC-RCTC 2013 Residual Fund 97689P2K3 WISCONSIN HSG & ECONOMIC DEV AUTH HOME OWNERSHIP R 100,000.00 - (100,000.00) 256350021 L C-RCTC 2013 Residual Fund 136069XZ9 CANADIAN IMPERIAL BANK OF COMMERCE 44,987.85 - (45,065.25) - - 65.25 - 12.15 256350021 LC-RCTC 2013 Residual Fund 46849LTA9 JACKSON NATIONAL LIFE GLOBAL FUNDING 30,038.10 102.30 30,140.40 46.85 256350021 L C-RCTC 2013 Residual Fund 3137B2GW4 FBMS K713 A2 97,814.47 (97,955.03) 140.56 256350021 LC-RCTC 2013 Residual Fund 56052FHZ1 MAINE ST HSG AUTH MTG PUR 100,000.00 100,000.00 732.66 256350021 L C-RCTC 2013 Residual Fund 196479YN3 COLORADO HSG & FIN AUTH 100,000.00 - (100,000.00) 256350021 LC-RCTC 2013 Residual Fund 658886DZ6 NORTH DAKOTA ST HSG FIN AGY MTG REV 100,000.00 100,000.00 501.63 256350021 L C-RCTC 2013 Residual Fund 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM - 15,000.00 2.70 15,002.70 37.12 256350021 L C-RCTC 2013 Residual Fund 3136AC714 FNA 13M6 2A 19,236.50 - (19,135.71) - (120.39) (101.34) 2.63 118.31 256350021 L C-RCTC 2013 Residual Fund 46849LSP7 JACKSON NATIONAL LEE GLOBAL FUNDING 9,718.95 3.49 (0.84) 9,721.60 95.00 256350021 L C-RCTC 2013 Residual Fund 3137A1L.C5 FHA 3710F AB 21,818.62 (5,664.27) 16.94 3.72 (12.99) 16,162.02 27.11 256350021 L C-RCTC 2013 Residual Fund 912828V V9 UNITED STATES TREASURY 49,337.89 4.65 6.96 49,349.50 90.99 256350021 LC-RCTC 2013 Residual Fund 06406HCU1 BANK OF NEW YORK MELLON CORP 99,590.00 4.73 141.27 99,736.00 831.11 256350021 L C-RCTC 2013 Residual Fund 24422ESF7 JOHN DEERE CAPITAL CORP 99,691.00 5.52 200.48 99,897.00 585.00 256350021 L C-RCTC 2013 Residual Fund 65478HAD0 NAROT 17C A3 68,908.98 5.96 65.86 68,980.80 65.96 256350021 L C-RCTC 2013 Residual Fund 89236WAD0 TAOT 15A A4 36,835.17 (16,521.85) 17.25 7.28 38.74 20,376.59 13.79 256350021 LC-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 68,230.86 8.92 (22.68) 68,217.10 329.55 256350021 LC-RCTC 2013 Residual Fund 369550BA5 GENERAL DYNAMICS CORP 24,972.75 10.81 (44.06) 24,939.50 279.51 256350021 L C-RCTC 2013 Residual Fund 3137B1UF7 FHMS K027 Al 19,763.24 (1,152.22) 15.58 13.98 (28.41) 18,612.17 28.37 256350021 L C-RCTC 2013 Residual Fund 254010AC5 DIGNITY HEALTH 23,954.16 15.58 (119.26) 23,850.48 263.70 256350021 L C-RCTC 2013 Residual Fund 3137APP53 FHMS K018 Al 13,713.04 (1,654.19) 19.05 17.26 (18.89) 12,076.27 18.12 256350021 L C-RCTC 2013 Residual Fund 58769DAD2 MBALT 17A A3 14,909.25 - (14,937.89) - - (15.37) 23.18 20.84 256350021 L C-RCTC 2013 Residual Fund 3137AXHN6 FHMS K024 Al 35,431.42 (2,285.06) 28.69 25.80 (55.78) 33,145.07 49.42 256350021 L C-RCTC 2013 Residual Fund 0258MODZ9 AMERICAN EXPRESS CREDIT CORP 99,783.00 30.68 166.32 99,980.00 760.42 256350021 LC-RCTC 2013 Residual Fund 0258MOEE5 AMERICAN EXPRESS CREDIT CORP 19,733.40 32.45 10.15 19,776.00 34.22 256350021 L C-RCTC 2013 Residual Fund 0258MOEE5 AMERICAN EXPRESS CREDIT CORP 19,731.60 32.66 11.74 19,776.00 34.22 256350021 LC-RCTC 2013 Residual Fund 0258MOEE5 AMERICAN EXPRESS CREDIT CORP 19,730.40 32.81 12.79 19,776.00 34.22 256350021 L C-RCTC 2013 Residual Fund 58769DAD2 MEALT 17A A3 36,776.15 - (36,846.80) - - (79.58) 36.54 113.69 256350021 LC-RCTC 2013 Residual Fund 912828XK1 UNITED STATES TREASURY 294,902.65 (264,927.54) (30,000.00) (1.15) 39.83 (13.79) 256350021 L C-RCTC 2013 Residual Fund 65479AAD4 NALT 17A A3 49,586.00 41.88 78.62 49,706.50 42.44 256350021 LC-RCTC 2013 Residual Fund 65478DAD9 NAROT 18A A3 84,548.65 44.16 (160.61) 84,432.20 100.11 256350021 L C-RCTC 2013 Residual Fund 3137AWQG3 FHMS K023 Al 41,009.88 (2,517.24) 47.79 44.56 (124.39) 38,460.60 52.11 256350021 L C-RCTC 2013 Residual Fund 375558BB8 GILEAD SCIENCES INC 256350021 L C-RCTC 2013 Residual Fund 313385YZ3 FEDERAL HOME LOAN BANKS 34,582.10 45.15 21.00 34,648.25 74.38 229,951.70 - - (230,000.00) - - 45.74 2.56 256350021 LC-RCTC 2013 Residual Fund 06051GFN4 BANK OF AMERICA CORP 98,628.00 51.24 42.76 98,722.00 1,000.00 256350021 L C-RCTC 2013 Residual Fund 46625HKA7 JPMORGAN CHASE & CO 98,714.00 53.03 209.97 98,977.00 425.00 256350021 LC-RCTC 2013 Residual Fund 61746BDM5 MORGAN STANLEY 99,842.00 58.11 42.89 99,943.00 465.28 256350021 L C-RCTC 2013 Residual Fund 14912L6M8 CATERPILLAR FINANCIAL SERVICES CORP 99,727.00 59.12 135.88 99,922.00 690.00 256350021 LC-RCTC 2013 Residual Fund 055657AC4 BMWLT 171 A3 99,415.00 60.95 126.05 99,602.00 60.50 256350021 L C-RCTC 2013 Residual Fund 3137B2GW4 FBMS K713 A2 97,774.54 - - (348.29) 2.13 73.21 (243.29) 97,258.31 189.02 256350021 LC-RCTC 2013 Residual Fund 780082AC7 ROYAL BANK OF CANADA 97,910.00 256350021 L C-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 38,987.50 103.10 (168.10) 97,845.00 974.17 116.25 (122.55) 38,981.20 188.32 256350021 L C-RCTC 2013 Residual Fund 65477XAE4 NALT 16B A4 256350021 L C-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 44,725.05 131,735.74 118.40 20.65 44,864.10 32.20 127.17 (301.36) 131,561.55 635.56 256350021 LC-RCTC 2013 Residual Fund 89114QAS7 TORONTO-DOMINION BANK 99,407.00 139.09 15.91 99,562.00 525.35 256350021 L C-RCTC 2013 Residual Fund 31677QBB4 FIFTH THIRD BANK 199,212.00 146.80 293.20 199,652.00 2,058.33 256350021 LC-RCTC 2013 Residual Fund 40428HPN6 HSBC USA INC (NEW) 99,020.00 152.94 165.06 99,338.00 903.82 256350021 L C-RCTC 2013 Residual Fund 13607RAB6 CANADIAN IMPERIAL BANK OF COMMERCE 98,529.00 171.11 163.89 98,864.00 111.11 256350021 LC-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY 112,723.00 - (83,406.25) - - (573.10) 185.18 488.88 29,417.70 85.29 256350021 L C-RCTC 2013 Residual Fund 06416CAC2 BANK OF NOVA SCOTIA 96,773.00 187.42 (273.42) 96,687.00 807.29 256350021 L C-RCTC 2013 Residual Fund 161571FK5 CHAIT 124 A 113,553.30 188.81 75.69 113,817.80 80.76 256350021 L C-RCTC 2013 Residual Fund 06367TPX2 BANK OF MONTREAL 98,810.00 193.70 41.30 99,045.00 635.83 256350021 LC-RCTC 2013 Residual Fund 912828UH1 UNITED STATES TREASURY 31,828.67 215.38 (336.76) 31,707.29 8.68 256350021 L C-RCTC 2013 Residual Fund 912828L57 UNITED STATES TREASURY 96,184.00 215.84 (840.84) 95,559.00 4.81 256350021 L C-RCTC 2013 Residual Fund 02587AAJ3 AMXCA 171 A 98,525.00 218.95 (129.95) 98,614.00 85.78 256350021 L C-RCTC 2013 Residual Fund 912828B58 UNITED STATES TREASURY 261,843.85 299.56 (1,510.61) 260,632.80 948.74 256350021 LC-RCTC 2013 Residual Fund 912828576 UNITED STATES TREASURY 100,332.75 - (9,552.34) - - (25.66) 355.64 (626.70) 90,483.70 180.06 256350021 L C-RCTC 2013 Residual Fund 17275RBG6 CISCO SYSTEMS INC 147,888.00 422.26 (269.26) 148,041.00 64.17 256350021 LC-RCTC 2013 Residual Fund 36164QMS4 GE CAPITAL INTERNATIONAL FUNDING CO 195,482.00 444.36 (502.36) 195,424.00 1,769.51 256350021 L C-RCTC 2013 Residual Fund 912828UH1 UNITED STATES TREASURY 63,657.34 466.15 (708.90) 63,414.59 17.36 256350021 LC-RCTC 2013 Residual Fund 902674XF2 UBS AG (LONDON BRANCH) 196,114.00 473.34 (197.34) 196,390.00 1,381.11 256350021 L C-RCTC 2013 Residual Fund 912828V V9 UNITED STATES TREASURY 455,795.60 481.94 (2,262.14) 454,015.40 837.09 256350021 LC-RCTC 2013 Residual Fund 912828VA5 UNITED STATES TREASURY 195,024.00 662.47 (780.47) 194,906.00 941.58 256350021 L C-RCTC 2013 Residual Fund 912828UF5 UNITED STATES TREASURY 230,364.26 - - - - 729.64 (655.25) 230,438.65 668.12 256350021 LC-RCTC 2013 Residual Fund 912828Q37 UNITED STATES TREASURY 260,317.80 0.00 0.00 0.00 0.00 0.00 860.67 (1,586.97) 259,591.50 9.27 9 Page 6 of 32 r/15 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended September 30, 2018 Source Base Base Change In Beginning Base Base Maturities and Net Total Realized Amortization/A Net Unrealized Ending Base Ending Accrued 256350021 LGRCTC 2013 Residual Fund 912828SA9 UNITED STATES TREASURY 195,818.82 8,102,451.95 1,812,450.52 (3,002,268.07) (260,000.00) (62,425.13) 1,42146 (938.54) 7,799.47 (1,787.97) 195,453.31 53.10 (9,735.43) 6,587,334.76 26,758.82 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LGSr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LGSr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LGSr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LGSr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LGSr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LGSr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LGSr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LGSr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LGSr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LGSr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LGSr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LGSr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LGSr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 3138EJPZ5 FN AL2239 31381Q6B7 FN 468066 31381T4E7 FN 470721 31381PEB0 FN 466430 912828XB1 UNITED STATES TREASURY 912828E58 UNITED STATES TREASURY 3137B1U75 FHMS KS01 A2 912828G38 UNITED STATES TREASURY 912828VV9 UNITED STATES TREASURY 31398QTP2 FHR 3747C HW 3136A7MN9 FNA 12M8 A2 3137EADB2 FREDDIE MAC 912828E58 UNITED STATES TREASURY 3138L76A9 FN AM7164 3137EADB2 FREDDIE MAC 3136AHAE0 FNA 13M14 APT 912828E58 UNITED STATES TREASURY 38378DDC6 GNR 1216E GB 912828E58 UNITED STATES TREASURY 912828VV9 UNITED STATES TREASURY 38377RSZ9 GNR 10162D PQ 38376GB33 GNR 116 BA 3137AXHP1 FHMS K024 A2 38377RSZ9 GNR 10162D PQ 912828E58 UNITED STATES TREASURY 3137AUPE3 RIMS K021 A2 38378XP62 GNR 14166 PL 36202F2H8 G2005276 38376T5Z1 GNR 104A PD 31381R5T7 FN 468958 38378AWX5 GNR 11157E QA 912828VV9 UNITED STATES TREASURY 38380AZ34 GNR 16147C DA 3137AJMF8 FHMS K016 A2 274,044.46 - - - (1,618.89) (72.86) (1,233.12) (221.75) 270,897.84 680.77 191,380.60 - - - (818.75) (52.72) (1,037.89) (274.08) 189,197.16 660.72 260,366.79 - - - (1,603.60) (45.90) (873.61) 72.34 257,916.02 585.44 255,591.48 - - - (1,174.52) (21.10) (781.89) (400.18) 253,213.78 708.21 1,148,292.00 - - - - - (762.36) (11,321.64) 1,136,208.00 9,631.79 721,305.70 - - - - (673.12) (2,662.98) 717,969.60 2,613.52 371,754.00 - - - - - (666.06) (1,237.74) 369,850.20 798.63 1,306,233.00 - - - - - (597.48) (11,903.52) 1,293,732.00 11,473.17 346,801.00 - (44,527.15) - - (958.09) (445.88) 162.07 301,031.95 555.02 92,242.80 - - - - (442.66) (119.84) 91,680.30 337.50 291,933.00 - - - (440.24) (900.76) 290,592.00 587.35 197,374.00 - - - - - (347.20) (480.80) 196,546.00 1,029.17 296,427.00 - (64,131.64) - - (1,581.50) (309.01) 722.34 231,127.20 841.34 123,459.72 - - - (55120) (10.79) (267.75) 80.10 122,706.08 265.77 197,374.00 - - - - (265.35) (562.65) 196,546.00 1,029.17 182,657.84 - - - (1,700.97) (26.12) (254.71) (296.89) 180,379.16 401.91 98,809.00 - - - - - (247.16) (209.84) 98,352.00 358.02 192,655.36 - - - (29,459.15) (199.08) (190.15) (542.29) 162,264.69 472.11 143,273.05 - - - - - (177.34) (485.31) 142,610.40 519.12 148,629.00 - (148,428.90) - - (3,769.48) (176.34) 3,745.72 - 69,150.42 - - - (12,569.07) (255.09) (148.37) (135.20) 56,042.69 207.05 170,035.51 - - - (5,029.30) (29.42) (118.78) 14.45 164,872.47 480.76 137,296.60 - - - - - (115.80) (266.40) 136,914.40 300.18 17,540.60 - - - (3,188.25) (114.80) (109.06) 87.23 14,215.71 52.52 113,630.35 - - - - - (108.43) (417.12) 113,104.80 411.72 140,641.92 - - - - - (99.70) (158.06) 140,384.16 287.52 311,125.97 - - - (7,925.05) (78.38) (88.30) (1,373.20) 301,661.04 664.28 162,533.26 - - - (12,012.57) (421.67) (82.20) (454.02) 149,562.79 376.61 90,448.25 - - - (5,385.01) (177.42) (77.60) (222.20) 84,586.02 214.26 - 132,747.27 - - (73.07) (1,077.80) 131,596.40 408.42 117,481.36 - - (13935.22) (64.35) (62.61) (237.89) 103,181.29 258.75 84,223.10 - (84,113.48) - - (1,576.72) (54.02) 1,521.11 - - 153,578.57 - - - (5,424.34) (132.94) (49.62) (1,190.61) 146,781.06 375.85 29.877.60 - - - - (45.79) 36.49 29.868.30 74.19 256350023 LGSr Lien Reserve Fund-1 31417YKF3 FN MA0293 256350023 LC -Sr Lien Reserve Fund-1 82,165.28 (3,466.56) (179.74) (44.81) (698.45) 77,775.71 281.81 912828B58 UNITED STATES TREASURY 49,404.50 256350023 LGSr Lien Reserve Fund-1 3134GSTK1 FEDERAL HOME LOAN MORTGAGE CORP 256350023 LC -Sr Lien Reserve Fund-1 38377WL77 GNR 1194A AB (43.68) (184.82) 49,176.00 179.01 200,100.00 256350023 LGSr Lien Reserve Fund-1 38378CRT6 GNR 1213E EG 256350023 LC -Sr Lien Reserve Fund-1 38376WA62 GNR 1015C PD 256350023 LGSr Lien Reserve Fund-1 3137A5FP4 FHR 3791E DA 256350023 LC -Sr Lien Reserve Fund-1 38378CDK0 GNR 111690 AK 256350023 LGSr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 55,952.49 (39.08) (58.92) 200,002.00 633.33 58,278.62 - - (13,046.84) 65.33 (34.62) 116.21 45,378.70 75.81 (3,585.68) 97.57 (31.40) (235.24) 52,197.75 91.28 46,531.94 (3,839.26) (243.82) (25.88) (227.83) 42,195.14 136.56 75,038.61 (6,569.08) (13.36) (23.32) (166.45) 68,266.40 143.37 32,336.69 (4,829.71) (18.30) (19.48) (39.32) 27,429.88 68.65 39,204.65 (2,691.23) (68.22) (17.90) (66.54) 36,360.76 91.83 256350023 LC -Sr Lien Reserve Fund-1 38377LQT8 GNR 10128D KE 35,721.48 (8,748.73) (1.58) (17.07) (57.24) 26,896.86 67.21 256350023 LGSr Lien Reserve Fund-1 3136A4M48 FNA 12M3A 1A1 256350023 LC -Sr Lien Reserve Fund-1 31395EZP5 FHR 2835G MD 133,837.64 256350023 LGSr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP (94,433.82) (137.28) (15.15) 1,331.22 40,582.62 71.22 10,323.52 (3,710.56) (29.24) (14.82) 5.22 6,574.13 24.58 65,341.09 (4,485.38) (61.39) (14.11) (178.94) 60,601.27 153.04 256350023 LC -Sr Lien Reserve Fund-1 38377LQT8 GNR 10128D KE 11,113.35 (2,721.83) 1.57 (3.38) (21.81) 8,367.91 20.91 256350023 LGSr Lien Reserve Fund-1 38376WA62 GNR 1015C PD 256350023 LC -Sr Lien Reserve Fund-1 38378TAF7 GNR 1371A GA 256350023 LGSr Lien Reserve Fund-1 3138NJAE8 FN FN0004 45,497.89 (3,753.94) (125.21) (2.93) (358.34) 41,257.47 133.53 141,689.12 256350023 LC -Sr Lien Reserve Fund-1 3137ATRW4 FHMS K020 A2 256350023 LGSr Lien Reserve Fund-1 31846V401 FIRST AMER:GVT OBLG D 122,055.00 256350023 LC -Sr Lien Reserve Fund-1 36202F2H8 G2 005276 (7,049.78) 6.28 (2.60) (909.68) 133,733.34 285.72 28,935.56 (1.61) (55.39) 28,878.56 86.27 (0.31) (207.19) 121,847.50 247.19 1,201.86 744,448.99 (740,587.20) - - - - - 5,063.65 256350023 LGSr Lien Reserve Fund-1 3138L33G8 FN AM3498 256350023 LC -Sr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 256350023 LGSr Lien Reserve Fund-1 31381E762 FN 466295 98,249.00 36,876.43 - - (918.63) (0.90) 0.02 (291.96) 35,664.96 89.81 3.59 (71.59) 98,181.00 167.50 24,684.40 256350023 LC -Sr Lien Reserve Fund-1 3137A5FP4 FHR 3791E DA 256350023 LGSr Lien Reserve Fund-1 38377JZ89 GNR 10117A GK 256350023 LC -Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 50,446.12 (1,694.48) 25.22 4.99 (126.34) 22,893.81 57.82 45,438.12 5.84 (196.53) 45,247.43 123.37 (4,416.18) 14.84 6.09 (157.50) 45,893.38 96.38 60,414.03 256350023 LGSr Lien Reserve Fund-1 3138EKXI4 FN AL3382 256350023 LC -Sr Lien Reserve Fund-1 38378KXW4 GNR 13105 A 14,472.51 (4,662.51) (91.97) 7.36 (271.48) 55,395.44 161.91 (128.69) 1.40 8.21 (56.53) 14,296.92 17.82 239,788.65 256350023 LGSr Lien Reserve Fund-1 38375KCX8 GNR 0726C MA 165,848.54 256350023 LC -Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 256350023 LGSr Lien Reserve Fund-1 38378KSL4 GNR 1374 AL 256350023 LC -Sr Lien Reserve Fund-1 3138EKXL4 FN AL3382 54,271.92 (1,401.89) 13.13 13.76 (1,351.47) 237,062.19 479.74 (50,754.43) 117.28 15.43 2,147.05 117,373.86 172.04 60,311.74 23.26 (47.44) 60,287.56 274.41 (482.58) 6.27 28.32 (210.51) 53,613.43 66.82 205,726.50 256350023 LGSr Lien Reserve Fund-1 3138EKXI4 FN AL3382 256350023 LC -Sr Lien Reserve Fund-1 18,445.28 30.87 (2,631.87) 203,125.50 527.00 (107.84) 3.48 34.31 (139.68) 18,235.55 36.90 14,756.22 912828L99 UNITED STATES TREASURY 145,921.50 256350023 LGSr Lien Reserve Fund-1 3136AC714 FNA 13M6 2A 256350023 LC -Sr Lien Reserve Fund-1 38378B6A2 GNR 1312A AB 256350023 LGSr Lien Reserve Fund-1 3137ASNH3 FHMS K019 Al 256350023 LC -Sr Lien Reserve Fund-1 38378KSI4 GNR 1374 AL 256350023 LGSr Lien Reserve Fund-1 912828VA5 UNITED STATES TREASURY 256350023 LC -Sr Lien Reserve Fund-1 38378B7F0 GNR 1333 B 256350023 LGSr Lien Reserve Fund-1 383791IDN5 GNR 1529 AD 256350023 LC -Sr Lien Reserve Fund-1 912828UN8 UNITED STATES TREASURY (86.27) 3.38 35.17 (120.06) 14,588.44 29.52 37.96 (370.96) 145,588.50 863.11 69,251.43 (14,323.82) 211.76 54.39 (256.77) 54,936.98 120.87 109,718.71 (663.52) 12.68 67.06 (636.71) 108,498.22 175.13 113,065.50 (15,817.70) 101.42 79.79 51.76 97,480.76 119.84 182,868.00 91.80 (2,403.80) 180,556.00 468.44 156,019.20 - (156,095.11) - - (2,907.23) 93.61 2,889.54 187,136.00 106.65 (1,614.65) 185,628.00 378.83 157,721.62 (773.14) 10.34 124.80 (1,278.70) 155,804.92 295.00 101,300.39 130.55 (475.54) 100,955.40 268.21 256350023 LGSr Lien Reserve Fund-1 3134G9V38 FEDERAL HOME LOAN MORTGAGE CORP 245,225.00 148.24 (648.24) 244,725.00 666.67 256350023 LC -Sr Lien Reserve Fund-1 3137EADR7 FREDDIE MAC 465,224.50 177.12 (747.12) 464,654.50 2,721.35 256350023 LGSr Lien Reserve Fund-1 38378KWU9 GNR 1396 A - 53,277.35 - - (322.12) 24.71 196.84 436.64 53,613.42 66.82 256350023 LC -Sr Lien Reserve Fund-1 912828L57 UNITED STATES TREASURY 529,012.00 205.83 (3,643.33) 525,574.50 26.44 256350023 LGSr Lien Reserve Fund-1 3137ATRW4 FHMS K020 A2 153,408.49 219.81 (480.61) 153,147.69 310.69 10 Page 7 of 32 r/15 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio Transaction Report by Account Quarter ended Se•tember 30, 2018 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Base Change In Base Maturities and Net Total Realized Amortization/A Net Unrealized Ending Base Ending Accrued Redemptions Base Pavdowns Gain/Loss cerelion Gain/Loss Markel Value Income Balance 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 38378B7F0 GNR 1333 B 3135GOD75 FEDERAL NATIONAL MORTGAGE ASSOCIATION 912828V49 UNITED STATES TREASURY 233,920.00 587,838.00 55,418.95 316.65 323.83 326.02 (2,201.65) (971.83) (972.93) 232,035.00 587,190.00 54,772.03 473.54 2,475.00 45.61 256350023 LGSr Lien Reserve Fund-1 912828L57 UNITED STATES TREASURY 817,564.00 407.78 (5,720.28) 812,251.50 40.87 256350023 LC -Sr Lien Reserve Fund-1 3137AUPE3 FEMS K021 A2 229,519.80 412.54 (833.19) 229,099.15 469.22 256350023 LC -Sr Lien Reserve Fund-1 3136A72D3 FNA 12M9 A2 256350023 LC -Sr Lien Reserve Fund-1 38378KRS0 GNR 1378 AG 344,831.55 419,823.00 (20,499.80) 396.31 423.84 (1,922.52) 323,229.38 685.33 562.73 (1,759.73) 418,626.00 895.72 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 3137EADE2 FREDDIE MAC 912828L99 UNITED STATES TREASURY 542,778.50 1,070,091.00 624.06 692.00 (2,901.06) (3,134.00) 540,501.50 1,067,649.00 2,830.21 6,329.48 256350023 LC -Sr Lien Reserve Fund-1 912828SA9 UNITED STATES TREASURY 179.500.58 1028.13 (I 363.181 179.165.53 48.67 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 256350023 LC -Sr Lien Reserve Fund-1 912828UH1 UNITED STATES TREASURY 912828V49 UNITED STATES TREASURY 912828SA9 UNITED STATES TREASURY 185,667.24 226,713.87 271,970.58 1,256.40 1,438.51 1,580.94 (1,964.42) (4,084.97) (2,088.58) 184,959.21 224,067.41 271,462.93 50.62 186.57 73.75 17,767,669.62 1,706,939.47 (1,237,883.481 0.00 (382,385.88) (12,353.701 (429.75) (75,347.09) 17,766,209.20 63,839.17 11 Page 8 of 32 FirRIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio Summary of Investments for quarter ended September 30, 2018 ATTACHMENT 5 Credit Rating 25, 000.000 a to g20,000,000 Q y 15,000,000 7 y 10,000 000 ro fro � 5,000,000 m m 0 AAA AA+ AA AA- I A+ A A- NA Asset Class Money Market Funds 13,223%1 Cash 1.0.002°i1 Fixed Income 06.779%) Chart calculated by: Base Market Value + Accrued *Negative cash reflects securities in transit at month end Industry Group Other (9.655%) Agency Collet PAC CMO Cash (3.221%) Agency Collat CMO (3.4%) Banks (6.766%) FNMA Collateral (7.131%) Commercial MRS (18.340%) Sovereign (49.204%) Chan calculated 6y: Baae Market Value + Accrued Security Type 7thcr FkILMC CMO (4.993%) GNMA s (7.113%) GNMA CMO 17.358%) FNMA (9.379%i AGCY BOND (10.066%) US GOV (34.364%) CORP (i6.86654) Chart calculated 6y: Base Market Value + Accrued Market Sector Industrial (2.497% Asset BaCked (3.095%)Gorernment (39.257%) Other 0.797%I Cash (3.221%) Financial + (B.704'S%) Agency 1 (10.066%) Mortgage Backed 132.363%1 Chart calculated 6y: Base Market Value + Accrued 12 Pir RIVERSIDE COUNTY TRANSPORTATION COMMISSION 91 CIP STAMP Portfolio Series A & Series B Reserve Fund Summary of Investments for quarter ended September 30, 2018 20,000,000 e 15,000,000 Q t 7 10, 000.000 m M 5,000,000 m @rn m Credit Rating AAA Asset Class Money Madge) Funds - (0.0Z87 l Casl) (-0.0124E) Fixed Income (89"884%) Chart calculated by: Base Market Value + ACcnled *Negative cash reflects securities in transit at month end ATTACHMENT 6 Industry Group Cash {0 0 Vs GNMA2 Collateral 17 "o41 %1 Agency Collet PAC CMG (3.685%) ; Agency Collet CMG (4.022%) I FNMA r Collateral [9.608%) lj Commercial MBS {24.476%) Sovereign (56_732%) Chart ralculaied by: Base Market Value + Accrued Security Type TIPS F NLMC CMG (6.297%) GNMA CMG (9.905%F GNMA 0 0.067%) FNMA (72.06%) Omar (3.909%) ---- LIS GOV (37_84%1. 'AGCY SONh (7 3.604%) Chart calculated by: Base Market Value + Accrued Market Sector Government (43.06870 Cash (0.016%) - Mortgage Sacked (43.222%) Chart Calculated by: @BSI§ Market Value + AC -trued 13 IVRIVERSIDE COUNTY TRANSPORTATION COMMISSION ATTACHMENT 7 91 CIP STAMP Portfolio Residual Fund Required Retained Balance Summary of Investments for quarter ended September 30, 2018 Credit Rating 4,000,000 2 8 3,000,occi S k ku 7 2,000,000 77 M 1,000,000 m AAA AA+ AA AA- A+ ■ Asset Class Money Market Funds` {0.233%) Cash 0:92 %H Fixed Income (99.728%) Chart calculated lay: Base Market Value + ACM:led Industry Group Other (15.756%1 MISCellenoous M anufactur (2.98%) US Municipals (3.04 t!S) Commercial MBS 14.013%1 Credit Card ABS (6.245%) Diversified Fl nen Sery (9.229%) Sovereign (54.746%) Banks (23.99%) CM1art ralculaled by: Base Market Value + Accrued Security Type FNLMC CMG (2.038%) FNLMC (2.836%) VRCIN (3.041 %) r TIPS (4.393%) ABS (11A71%) Other (5.802%) —CORP (41.24%) us Gov ma.537ss) Chart calculated lay: Base Market Value + Accrued Market Sector Other (0.27 '6) Agency Municipal" � (3.041 %1 Mortgage Backed (6.929%) MduMrlal (9.52874 Asset Backed (17.51154 Financial (33-21a%) Government {33.685%) Chart calculated by: Bare Market Vacua + ACCrued 14 ATTACHMENT 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio by Investment Category for quarter ended September 30, 2018 Account Identifier Security Type Category Issuer Final Maturity Trade Date 07/03/2018 Current Face Value 350,000.00 Original Cost 350,150.50 eat Date --- Base Market Value 349,013.00 Base Net Total Unrealized Gain/Loss (1,122.07) Coupon 2.625 Summarized Yield Credit Ratin 2.798 AAA 240907020 240907020 RCTC I-15 Pri RAMP UP RESERVE 3130AECJ7 Agency Federal Home Loan Banks 05/28/2020 RCTC 1-15 Pri RAMP UP RESERVE 3134GSTK1 Agency Federal Home Loan Mortgage Corporation 08/23/2021 08/27/2018 150,000.00 150,075.00 11/23/2018 150,001.50 (44.19) 3.000 2.989 AAA 240907004 LC-RCTC Toll Revenue: - I-15 3137AL6V6 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2018 12/O1/2017 227,141.68 227,691.79 --- 226,760.08 (381.60) 2.323 2.511 AAA 240907004 LC-RCTC Toll Revenue: - I-15 3137ANMN2 Agency CMO Federal Home Loan Mortgage Corporation 12/25/2018 --- 666,568.64 666,115.76 --- 203,486.57 (206.76) 2.220 2.458 AAA 240907004 LC-RCTC Toll Revenue: - I-15 31398E2E3 Agency CMO Federal Home Loan Mortgage Corporation 01/25/2019 01/03/2018 52,629.26 53,681.85 --- 52,661.37 (146.80) 5.053 2.457 AAA 240907004 LC-RCTC Toll Revenue: -I-15 _ 31397Q4Q8 Agency CMO Federal National Mortgage Association, Inc. 03/25/2035 01/10/2018 141,656.53 142,851.76 --- 141,775.52 (112.41) 4.000 2.223 AAA 240907004 LC-RCTC Toll Revenue: - I-15 3137FBUW4 Agency CMO Federal Home Loan Mortgage Corporation 10/25/2019 01/23/2018 830,000.00 830,389.06 --- 830,091.30 (1,441.35) 2.281 2.490 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 3137ANMN2 Agency CMO Federal Home Loan Mortgage Corporation 12/25/2018 12/05/2017 1,164,877.24 1,167,269.89 --- 1,162,780.46 (1,037.94) 2.220 2.458 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 383742C76 Agency CMO Govemment National Mortgage Association 08/16/2037 01/31/2018 86,638.14 88,804.09 --- 88,032.15 (579.86) 4.000 3.203 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 38375JCJ2 Agency CMO Government National Mortgage Association 12/16/2037 01/31/2018 31,209.83 31,307.36 --- 31,345.90 90.13 5.305 3.346 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 3137ASR97 Agency CMO Federal Home Loan Mortgage Corporation 01/25/2022 02/27/2018 35,320.03 34,525.33 --- 34,428.55 (197.66) 1.573 2.993 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 38375KCX8 Agency CMO Government National Mortgage Association 01/20/2037 09/18/2018 196,722.45 198,167.13 --- 198,087.70 (155.85) 5.500 3.185 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 31392J6N4 Agency CMO Federal National Mortgage Association, Inc. 04/25/2023 12/05/2017 557,127.46 606,088.30 --- 581,390.36 (18,631.79) 5.500 2.831 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 3137B84S3 Agency CMO Federal Home Loan Mortgage Corporation 02/15/2029 01/31/2018 141,852.61 140,079.45 --- 138,777.24 (1,374.87) 2.000 3.155 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 31397SE83 Agency CMO Federal National Mortgage Association, Inc. 02/25/2039 01/30/2018 17,479.68 17,578.00 --- 17,475.31 (1.60) 4.000 2.121 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 3137A5FP4 Agency CMO Federal Home Loan Mortgage Corporation 01/15/2021 01/30/2018 70,550.40 70,726.78 --- 69,987.41 (688.20) 2.500 3.006 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 31398N2K9 Agency CMO Federal National Mortgage Association, Inc. 11/25/2025 01/31/2018 13,153.54 13,202.87 --- 13,130.92 (33.05) 3.500 3.245 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 38378CDK0 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass -Through Securities 03/20/2035 01/30/2018 115,338.14 116,401.41 --- 115,205.50 (876.23) 3.000 2.968 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 38378AWX5 Agency CMO The Government National Mortgage Association Guaranb O1/20/2036 01/30/2018 172,496.66 174,167.72 --- 171,968.82 (1,806.34) 3.000 3.149 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 38378DDC6 Agency CMO The Govemment National Mortgage Association Guaranty 04/20/2038 06/20/2018 97,119.90 97,776.22 --- 97,358.82 (338.71) 3.500 3.017 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 38377WL77 Agency CMO Government National Mortgage Association 01/20/2039 08/28/2018 20,341.17 20,252.18 --- 20,292.35 51.96 2.000 2.721 AAA 240907004 LC-RCTC Toll Revenue: -I-15 3137B2GW4 Agency MBS Federal Home Loan Mortgage Corporation 03/25/2020 06/29/2018 588,386.39 584,571.08 --- 583,549.86 (1,459.75) 2.313 2.863 AAA 240907004 LC-RCTC Toll Revenue: - I-15 3136AK2A0 Agency MBS Federal National Mortgage Association, Inc. 09/25/2019 01/08/2018 221,390.54 221,053.53 --- 219,889.51 (1,196.39) 2.171 2.955 AAA 240907004 LC-RCTC Toll Revenue: -I-15 3138155E8 Agency MBS Federal National Mortgage Association, Inc. 12/01/2018 12/01/2017 438,823.01 440,537.16 --- 438,134.06 (449.10) 2.640 2.568 AAA 240907004 LC-RCTC Toll Revenue: - I-15 36225B5Y0 Agency MBS Govemment National Mortgage Association 06/15/2019 12/21/2017 9,216.88 9,320.58 --- 9,216.42 (16.70) 5.500 3.864 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 31283K5N4 Agency MBS Federal Home Loan Mortgage Corporation 08/01/2020 12/05/2017 628,765.70 642,928.01 --- 640,177.79 (18,808.40) 5.000 1.875 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 3620A9WV9 Agency MBS Govemment National Mortgage Association 12/15/2024 05/23/2018 15,384.17 15,720.70 --- 15,697.69 (9.57) 4.000 3.052 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 3138NJAE8 Agency MBS Federal National Mortgage Association, Inc. 12/01/2020 09/13/2018 50,853.00 51,441.00 --- 51,339.66 (98.46) 3.619 3.101 AAA 240907020 RCTC 1-15 Pri RAMP UP RESERVE 31381N7G2 Agency MBS Federal National Mortgage Association, Inc. 10/O1/2020 09/25/2018 90,543.77 90,876.24 --- 90,494.88 (393.04) 3.270 3.357 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 3136AC7J4 Agency MBS Federal National Mortgage Association, Inc. 03/25/2023 02/21/2018 47,031.38 46,257.94 --- 45,780.82 (568.89) 2.570 3.560 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 3137B1U75 Agency MBS Federal Home Loan Mortgage Corporation O1/25/2023 02/27/2018 120,000.00 117,965.63 --- 116,794.80 (1,405.22) 2.522 3.266 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 3137B3NW4 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 09/26/2018 108,552.99 107,620.12 --- 107,839.80 230.55 2.778 3.038 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 3137AXIdN6 Agency MBS Federal Home Loan Mortgage Corporation 02/25/2022 01/25/2018 80,849.28 79,737.61 --- 79,038.26 (833.95) 1.749 3.033 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 31418ASD1 Agency MBS Federal National Mortgage Association, Inc. 04/01/2023 01/31/2018 83,196.56 82,388.57 --- 81,434.46 (981.36) 2.000 3.104 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 3137B1UF7 Agency MBS Federal Home Loan Mortgage Corporation 09/25/2022 01/25/2018 40,863.54 40,263.36 --- 39,883.23 (446.41) 1.785 3.026 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 3620ARB67 Agency MBS Government National Mortgage Association 05/15/2025 05/23/2018 31,685.85 32,438.40 --- 32,314.50 (100.06) _ 4.000 3.116 AAA 240907020 RCTC 1-15 Pri RAMP UP RESERVE 3136A96F0 Agency MBS Federal National Mortgage Association, Inc. 11/25/2022 02/27/2018 75,000.00 72,694.34 --- 72,251.25 (810.02) 2.184 3.550 AAA 240907004 LC-RCTC Toll Revenue: -I-15 05522RCQ9 Asset Backed BA Credit Card Trust 01/15/2019 03/21/2018 1,100,000.00 1,102,406.25 --- 1,101,100.00 (115.74) 2.538 2.300 AAA 240907004 LC-RCTC Toll Revenue: - I-15 02582JGN4 Asset Backed American Express Credit Account Master Trust 05/15/2019 01/16/2018 252,000.00 252,885.94 --- 252,488.88 (154.67) 2.528 2.322 AAA 240907004 LC-RCTC Toll Revenue: - I-15 89236WAD0 Asset Backed Toyota Auto Receivables 2015-A Owner Trust 06/15/2020 01/19/2018 223,674.14 223,071.26 --- 223,327.44 (102.96) 1.520 2.156 AAA 240907004 LC-RCTC Toll Revenue: - I-15 65478AAD5 Asset Backed Nissan Auto Receivables 2015-C Owner Trust 05/15/2020 12/21/2017 344,108.66 342,966.12 --- 342,904.28 (584.18) 1.370 2.416 AAA 240907004 LC-RCTC Toll Revenue: - I-15 43814LAC3 Asset Backed Honda Auto Receivables 2015-4 Owner Trust 09/23/2019 07/24/2017 0.02 0.02 --- 0.02 (0.00) 1.230 1.903 AAA 240907004 LC-RCTC Toll Revenue: - I-15 05522RCV8 Asset Backed BA Credit Card Trust 05/15/2019 06/29/2018 750,000.00 751,611.33 --- 751,485.00 226.59 2.548 2.336 AAA 240907004 LC-RCTC Toll Revenue: - I-15 161571HCI Asset Backed Chase Issuance Trust 06/17/2019 --- 763,000.00 758,373.05 --- 755,720.98 (5,455.83) 1.370 2.726 AAA 240907004 LC-RCTC Toll Revenue: - I-15 65477XAE4 Asset Backed Nissan Auto Lease Trust 2016-B O1/18/2022 04/13/2018 405,000.00 401,741.02 --- 403,776.90 121.16 1.610 2.558 AAA 240907004 LC-RCTC Toll Revenue: - I-15 05582XAD4 Asset Backed Bmw Vehicle Lease Trust 2016-2 09/20/2019 07/27/2017 579,883.03 578,682.49 --- 578,270.96 (1,407.20) 1.430 2.723 AAA 240907004 LC-RCTC Toll Revenue: - I-15 58768MAC5 Asset Backed Mercedes-Benz Auto Lease Trust 2016-B 08/15/2019 - 683,403.04 681,459.93 --- 682,220.75 (870.83) 1.350 2.653 AAA 240907004 LC-RCTC Toll Revenue: - I-15 90290XAD9 Asset Backed USAA Auto Owner Trust 2005-1 11/16/2020 03/22/2018 0.01 0.01 --- 0.01 (0.00) 1.540 1.664 AAA 240907004 LC-RCTC Toll Revenue: - I-15 161571HJ6 Asset Backed Chase Issuance Trust 01/15/2020 03/23/2018 500,000.00 501,347.66 --- 501,490.00 212.20 2.458 2.320 AAA 240907004 LC-RCTC Toll Revenue: - I-15 02587AAJ3 Asset Backed American Express Credit Account Master Trust 02/18/2020 06/29/2018 650,000.00 640,351.56 --- 640,991.00 (783.73) 1.930 2.968 AAA 240907004 LC-RCTC Toll Revenue: - I-15 58769DAD2 Asset Backed Mercedes-Benz Auto Lease Trust 2017-A 03/16/2020 07/27/2017 965,000.00 965,942.38 --- 961,043.50 (4,177.58) 1.790 2.713 AAA 240907004 LC-RCTC Toll Revenue: -I-15 65479AAD4 Asset Backed Nissan Auto Lease Trust 2017-A 04/15/2020 01/25/2018 850,000.00 846,115.23 --- 845,010.50 (3,017.77) 1.910 2.785 AAA 240907004 LC-RCTC Toll Revenue: - I-15 65478GAC4 Asset Backed Nissan Auto Receivables 2017-B Owner Trust 05/15/2020 06/29/2018 403,004.78 402,926.07 --- 403,004.78 0.28 2.258 2.394 AAA 240907004 LC-RCTC Toll Revenue: - I-15 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 05/16/2022 06/29/2018 600,000.00 596,906.25 --- 595,992.00 (1,225.98) 2.650 2.998 AAA 240907004 LC-RCTC Toll Revenue: - I-15 47788CAA0 Asset Backed John Deere Owner Trust 2018 03/15/2019 02/21/2018 472,280.81 472,280.81 --- 472,167.46 (113.35) 1.950 2.269 AAA 240907004 LC-RCTC Toll Revenue: - I-15 55379WKQ8 CD MUFG Bank, Ltd. 10/15/2018 09/26/2018 2,000,000.00 1,999,898.44 --- 1,999,900.00 (25.17) 2.110 2.216 AAA 240907020 RCTC I-15 Pri RAMP UP RESERVE 62888VAA6 CMO NCUA Guaranteed Notes Trust 2011-R1 10/07/2020 01/30/2018 44,836.65 44,976.77 --- 44,975.20 33.17 2.530 2.546 AAA 240907004 LC-RCTC Toll Revenue: - I-15 46625HHL7 Corporate JPMorgan Chase & Co. 04/23/2019 07/25/2017 1,000,000.00 1,075,520.00 --- 1,019,800.00 (5,254.32) 6.300 2.767 A 240907004 LC-RCTC Toll Revenue: - I-15 38141EA58 Corporate The Goldman Sachs Group, Inc. 03/15/2020 07/26/2017 500,000.00 540,800.00 --- 515,395.00 (7,729.73) 5.375 3.204 A 240907004 LC-RCTC Toll Revenue: - I-15 78011DAF1 Corporate Royal Bank of Canada 10/01/2018 08/08/2018 850,000.00 849,566.50 --- 850,000.00 - _ 2.000 1.981 AAA 240907004 LC-RCTC Toll Revenue: - I-15 718172BF5 Corporate Philip Morris International Inc. 01/15/2019 07/26/2017 1,000,000.00 1,003,040.00 --- 998,080.00 (2,536.54) 1.875 2.516 A 240907004 LC-RCTC Toll Revenue: - I-15 61746BDM5 _Corporate Morgan Stanley 01/24/2019 --- 1,500,000.00 1,508,405.00 --- 1,499,145.00 (2,450.26) _ 2.500 2.667 A 240907004 LC-RCTC Toll Revenue: - I-15 0258MODK2 Corporate American Express Credit Corporation 03/18/2019 07/25/2017 1,000,000.00 1,006,560.00 --- 997,820.00 (4,093.02) 2.125 2.591 A 240907004 LC-RCTC Toll Revenue: - I-15 172967HM6 Corporate Citigroup Inc. 04/08/2019 07/25/2017 1,000,000.00 1,010,110.00 --- 998,960.00 (4,232.72) 2.550 2.749 BBB 240907004 LC-RCTC Toll Revenue: - I-15 31677QBB4 Corporate Fifth Third Bank 04/25/2019 06/29/2018 1,000,000.00 997,590.00 03/25/2019 998,260.00 (63.99) 2.375 2.680 A 240907004 LC-RCTC Toll Revenue: - I-15 22546QAN7 Corporate Credit Suisse AG 05/28/2019 07/26/2017 1,000,000.00 1,009,340.00 --- 996,880.00 (6,563.42) 2.300 2.773 A 240907004 LC-RCTC Toll Revenue: - I-15 89114QAS7 Corporate The Toronto -Dominion Bank 07/02/2019 07/27/2017 1,000,000.00 1,007,670.00 --- 995,620.00 (7,453.57) 2.125 2.708 AA 240907004 LC-RCTC Toll Revenue: -I-15 90261XHE5 Corporate UBS AG 08/14/2019 07/25/2017 850,000.00 857,505.50 --- 846,515.00 (6,760.17) 2.375 2.849 AA 240907004 LC-RCTC Toll Revenue: - I-15 40428HPN6 Corporate HSBC USA Inc. 11/13/2019 07/26/2017 1,000,000.00 1,010,720.00 --- 993,380.00 (11,976.89) 2.375 2.976 A 240907004 LC-RCTC Toll Revenue: - I-15 17401QAB7 Corporate Citizens Bank, National Association 12/04/2019 07/26/2017 1,000,000.00 1,008,450.00 11/04/2019 993,160.00 (11,022.54) 2.450 3.041 A 240907004 LC-RCTC Toll Revenue: - I-15 46625HKA7 Corporate JPMorgan Chase & Co. O1/23/2020 07/25/2017 500,000.00 503,005.00 12/23/2019 494,885.00 (6,688.50) 2.250 3.045 A 240907004 LC-RCTC Toll Revenue: -I-15 61747YDW2 Corporate Morgan Stanley 01/27/2020 07/25/2017 500,000.00 506,130.00 --- 496,795.00 (6,526.61) 2.650 3.144 A 240907004 LC-RCTC Toll Revenue: - I-15 780082AA1 Corporate Royal Bank of Canada 02/05/2020 07/26/2017 1,500,000.00 1,497,390.00 --- 1,476,900.00 (21,675.17) 1.875 3.045 AAA 240907004 LC-RCTC Toll Revenue: - I-15 172967.A1 Corporate Citigroup Inc. 02/18/2020 07/25/2017 500,000.00 503,600.00 --- 495,260.00 (6,731.86) 2.400 3.101 BBB 15 Page 12 of 32 RIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio by Investment Category for quarter ended September 30, 2018 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Summarized Yield Credit Rating 240907004 LC-RCTC Toll Revenue: -I-15 06051GFN4 Corporate Bank of America Corporation 04/21/2020 12/04/2017 1,000,000.00 997,850.00 --- 987,220.00 (11,367.59) 2.250 3.093 A 240907004 LC-RCTC Toll Revenue: -I-15 064159HC3 Corporate The Bank of Nova Scotia 01/15/2019 01/23/2018 400,000.00 399,504.00 --- 399,308.00 (544.65) 1.950 2.526 AA 240907004 LC-RCTC Toll Revenue: -I-15 89114QBE7 Corporate The Toronto-Domirdon Bank O1/22/2019 01/23/2018 370,000.00 369,463.50 --- 369,345.10 (488.02) 1.950 2.504 AA 240907004 LC-RCTC Toll Revenue: - I-15 69353REV6 Corporate PNC Bank, National Association 03/04/2019 07/26/2017 1,000,000.00 1,003,210.00 02/02/2019 997,260.00 (3,479.05) 1.950 2.586 A 240907004 LC-RCTC Toll Revenue: - I-15 07330NAL9 Corporate Branch Banking and Trust Company 05/10/2019 07/27/2017 1,000,000.00 995,340.00 04/10/2019 993,080.00 (5,289.51) 1.450 2.587 A 240907004 LC-RCTC Toll Revenue: - I-15 49327M2P8 Corporate KeyBank National Association 08/22/2019 07/24/2017 1,000,000.00 995,550.00 --- 989,260.00 (8,773.69) 1.600 2.816 A 240907004 LC-RCTC Toll Revenue: - I-15 24422ETJ8 Corporate John Deere Capital Corporation 10/09/2019 07/26/2017 1,125,000.00 1,114,650.00 --- 1,106,887.50 (13,187.83) 1.250 2.846 A 240907004 LC-RCTC Toll Revenue: - I-15 17275RBG6 Corporate Cisco Systems, Inc. 09/20/2019 06/29/2018 1,050,000.00 1,035,184.50 --- 1,036,287.00 (1,853.33) 1.400 2.763 AA 240907004 LC-RCTC Toll Revenue: -I-15 06367TPX2 Corporate Bank of Montreal 12/12/2019 07/26/2017 1,000,000.00 1,005,160.00 --- 990,450.00 (12,219.43) 2.100 2.910 AA 240907004 LC-RCTC Toll Revenue: - I-15 14912L6Y2 Corporate Caterpillar Financial Services Corporation 01/10/2020 07/26/2017 1,000,000.00 1,008,020.00 --- 989,270.00 (14,998.44) 2.100 2.957 A 240907004 LC-RCTC Toll Revenue: - I-15 0258MOEE5 Corporate American Express Credit Corporation 03/03/2020 07/25/2017 500,000.00 503,990.00 02/O1/2020 494,400.00 (7,773.44) 2.200 3.005 A 240907004 LC-RCTC Toll Revenue: - I-15 375558BQ5 Corporate Gilead Sciences, Inc. 09/20/2019 --- 1,495,000.00 1,496,206.00 --- 1,496,779.05 817.51 2.588 2.508 A 240907004 LC-RCTC Toll Revenue: -I-15 87019SKV5 CP Swedbank AB 10/29/2018 09/17/2018 2,000,000.00 1,995,053.34 --- 1,996,460.00 (242.23) 0.000 2.137 AAA 240907004 LC-RCTC Toll Revenue: - I-15 64105SK15 CP Nestle Finance International Ltd. 10/01/2018 09/17/2018 1,900,000.00 1,898,544.39 --- 1,900,000.00 - 0.000 0.000 AAA 240907004 LC-RCTC Toll Revenue: - I-15 26055BK94 CP The Dow Chemical Company 10/09/2018 09/26/2018 1,350,000.00 1,348,893.38 --- 1,349,325.00 6.00 0.000 1.809 AA 240907004 LC-RCTC Toll Revenue: -I-15 07274MKK0 CP Bayerische Landesbank 10/19/2018 09/28/2018 1,000,000.00 998,658.33 --- 998,870.00 20.00 0.000 2.046 AAA 240907004 LC-RCTC Toll Revenue: - I-15 50000E1(29 CP Koch Industries, Inc. 10/02/2018 09/11/2018 1,025,000.00 1,023,786.23 --- 1,024,938.50 (3.70) 0.000 0.721 AAA 240907004 LC-RCTC Toll Revenue: - I-15 43357MKJ8 CP Hitachi Capital America Corp. 10/18/2018 09/17/2018 2,000,000.00 1,995,952.78 --- 1,997,860.00 79.44 0.000 2.039 AA 240907004 LC-RCTC Toll Revenue: - I-15 78355BKH4 CP Ryder System, Inc. 10/17/2018 09/17/2018 2,000,000.00 1,996,250.00 --- 1,997,980.00 (20.00) 0.000 2.031 AA 240907004 LC-RCTC Toll Revenue: - I-15 711121(1(42 CP The Peoples Gas Light And Coke Company 10/04/2018 --- 1,625,000.00 1,623,805.89 --- 1,624,691.25 (1.58) 0.000 1.373 AAA 240907004 LC-RCTC Toll Revenue: - I-15 63743DKH3 CP National Rural Utilities Cooperative Finance Corporation 10/17/2018 09/27/2018 2,000,000.00 1,997,611.12 --- 1,997,980.00 (108.90) 0.000 2.031 AAA 240907004 LC-RCTC Toll Revenue: - I-15 927801(10(5 CP Virginia Electric and Power Company 10/31/2018 09/28/2018 2,000,000.00 1,995,545.00 --- 1,996,220.00 270.00 0.000 2.140 AAA 240907004 LC-RCTC Toll Revenue: - I-15 CCYUSD Currency UNITED STATES OF AMERICA 09/30/2018 - - 5,000,000.00 --- 5,000,000.00 - 0.000 0.000 AAA 240907020 RCTC I-15 Pq RAMP UP RESERVE CCYUSD Currency UNITED STATES OF AMERICA 09/30/2018 --- - 300,000.00 --- 300,000.00 - 0.000 0.000 AAA 245490001 LC-RCTC 2017 PILE Sales Tax 9AMMFO5B2 MM Fund U.S. Bank Money Market Account Fund 09/30/2018 09/26/2018 - 960.73 --- 960.73 - 0.200 0.000 NA 240907004 LC-RCTC Toll Revenue: - I-15 31846V203 MM Fund First American Funds, Inc. 09/30/2018 09/26/2018 - 718,035.82 --- 718,035.82 - 1.730 1.680 AAA 240907020 RCTC 1-15 Prj RAMP UP RESERVE 31846V203 MM Fund First American Funds, Inc. 09/30/2018 - - 227,097.56 --- 227,097.56 - 1.730 1.680 AAA 240907004 LC-RCTC Toll Revenue: - I-15 70914PPD8 Muni Pennsylvania, Commonwealth of 07/15/2019 09/18/2018 305,000.00 308,080.50 --- 307,958.50 (10.45) 4.050 2.807 AA 240907004 LC-RCTC Toll Revenue: - I-15 392274A89 Muni Greater Orlando Aviation Authority. 10/O1/2019 07/26/2017 700,000.00 724,094.00 --- 702,968.00 (8,390.62) 3.483 3.053 AA 240907004 LC-RCTC Toll Revenue: -I-15 355185PF0 Muni Franklin, City of 03/01/2019 04/18/2018 375,000.00 375,000.00 12/O1/2018 374,917.50 (82.50) 2.500 2.515 AA 240907004 LC-RCTC Toll Revenue: - I-15 459058GK3 Non -US Gov International Bank for Reconstruction and Development 08/21/2020 - 1,210,000.00 1,210,259.00 --- 1,210,217.80 (34.15) 2.380 2.406 AAA 240907020 RCTC I-15 Pq RAMP UP RESERVE 912828SA9 TIPS Treasury, United States Department of 01/15/2022 --- 322,891.80 320,530.78 --- 314,897.00 (6,040.36) 0.125 0.887 AAA 240907020 RCTC 1-15 Prj RAMP UP RESERVE 912828UH1 TIPS Treasury, United States Department of O1/15/2023 02/05/2018 81,882.75 80,812.14 --- 79,268.23 (1,683.37) 0.125 0.883 AAA 240907004 LC-RCTC Toll Revenue: - I-15 912828UF5 US Gov Treasury, United States Department of 12/31/2019 06/29/2018 3,700,000.00 3,627,156.25 --- 3,628,183.00 (11,205.82) 1.125 2.707 AAA 240907004 LC-RCTC Toll Revenue: - I-15 912828P53 US Gov Treasury, United States Department of 02/15/2019 07/16/2018 2,440,000.00 2,419,221.88 --- 2,425,408.80 (1,249.51) 0.750 2.334 AAA 240907020 RCTC I-15 Pq RAMP UP RESERVE 912828UF5 US Gov Treasury, United States Department of 12/31/2019 --- 435,000.00 426,695.70 --- 426,556.65 (2,147.88) 1.125 2.707 AAA 240907020 RCTC 1-15 Prj RAMP UP RESERVE 912828VA5 US Gov Treasury, United States Department of 04/30/2020 - 665,000.00 648,627.54 --- 648,062.45 (2,412.70) 1.125 2.774 AAA 240907020 RCTC I-15 Pq RAMP UP RESERVE 912828V V9 US Gov Treasury, United States Department of 08/31/2020 --- 775,000.00 766,685.54 --- 764,917.25 (2,304.68) 2.125 2.824 AAA 240907020 RCTC 1-15 Prj RAMP UP RESERVE 912828B58 US Gov Treasury, United States Department of O1/31/2021 07/05/2018 320,000.00 316,212.50 --- 314,726.40 (1,829.26) 2.125 2.857 AAA 240907020 RCTC I-15 Pq RAMP UP RESERVE 912828P53 US Gov Treasury, United States Department of 02/15/2019 07/16/2018 240,000.00 237,956.25 --- 238,564.80 (122.90) 0.750 2.334 AAA 240907004 LC-RCTC Toll Revenue: - I-15 97689P2K3 VRDN Wisconsin Housing and Economic Development Authont 09/O1/2037 07/02/2018 1,400,000.00 1,400,000.00 10/30/2018 1,400,000.00 - 2.050 2.050 AA 240907004 LC-RCTC Toll Revenue: - I-15 _ 64986U4H7 VRDN New York State Housing Finance Agency 11/01/2048 07/02/2018 1,400,000.00 1,400,000.00 10/15/2018 1,400,000.00 - 2.000 2.000 AA 240907004 LC-RCTC Toll Revenue: - I-15 196479YN3 VRDN Colorado Housing and Finance Authority 10/O1/2038 07/02/2018 750,000.00 750,000.00 10/15/2018 750,000.00 - 2.020 2.020 AAA 78,014,732.10 84,348,115.95 83,507,224.36 (302,255.47) 16 Page 13 of 32 OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 3137AL6V6 3137ANMN2 31398E2E3 Agency CMO Agency CMO Agency CMO 31397Q4Q8 Agency CMO 3137FBUW4 Agency CMO 2017 Financing STAMP Portfolio by Account for quarter ended September 30, 2018 Federal Home Loan Mortgage Corporation Federal Home Loan Mortgage Corporation Federal Home Loan Mortgage Corporation Federal National Mortgage Association, Inc. Federal Home Joan Mortgage Corporation 3137B2GW4 Agency MBS Federal Home Loan Mortgage Corporation 3136AK2A0 Agency MBS Federal National Mortgage Association, Inc. 3138155E8 Agency MBS Federal National Mortgage Association, hrc. 36225B5Y0 Agency MBS Government National Mortgage Association 05522RCQ9 Asset Backed BA Credit Card Trust 02582JGN4 Asset Backed American Express Credit Account Master Trust ATTACHMENT 9 Base Net Total Unrealized 10/25/2018 12/O1/2017 227,141.68 227,691.79 - 226,760.08 (381.60) 2.323 2.511 AAA 12/25/2018 --- 666,568.64 666,115.76 --- 203,486.57 (206.76) 2.220 2.458 AAA 01/25/2019 01/03/2018 52,629.26 53,681.85 - 52,661.37 (146.80) 5.053 2.457 AAA 03/25/2035 01/10/2018 _ 141,656.53 _ 142,851.76 - 141,775.52 (112.41) 4.000 2.223 AAA 10/25/2019 01/23/2018 830,000.00 830,389.06 - 830,091.30 (1,441.35) 2.281 2.490 AAA 03/25/2020 06/29/2018 588,386.39 584,571.08 - 583,549.86 (1,459.75) 2.313 2.863 AAA 09/25/2019 01/08/2018 221,390.54 221,053.53 - 219,889.51 (1,196.39) 2.171 2.955 AAA 12/01/2018 12/01/2017 438,823.01 440,537.16 - 438,134.06 (449.10) 2.640 2.568 06/15/2019 12/21/2017 AAA 9,216.88 9,320.58 - 9,216.42 (16.70) 5.500 3.864 AAA 01/15/2019 03/21/2018 1,100,000.00 1,102,406.25 - 1,101,100.00 (115.74) 2.538 2.300 AAA 05/15/2019 01/16/2018 252,000.00 252,885.94 - 252,488.88 (154.67) 2.528 2.322 AAA 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 89236WAD0 Asset Backed Toyota Auto Receivables 2015-A Owner Trust 65478AAD5 Asset Backed Nissan Auto Receivables 2015-C Owner Trust 06/15/2020 01/19/2018 223,674.14 223,071.26 - 223,327.44 (102.96) 1.520 2.156 AAA 05/15/2020 12/21/2017 344,108.66 342,966.12 - 342,904.28 (584.18) 1.370 2.416 AAA 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 43814LAC3 Asset Backed Honda Auto Receivables 2015-4 Owner Trust 05522RCV8 Asset Backed BA Credit Card Trust 09/23/2019 07/24/2017 0.02 0.02 - 0.02 (0.00) 1.230 1.903 AAA 05/15/2019 06/29/2018 750,000.00 751,611.33 - 751,485.00 226.59 2.548 2.336 AAA 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 161571HC1 Asset Backed Chase Issuance Trust 65477XAE4 Asset Backed Nissan Auto Lease Trust 2016-B 05582XAD4 Asset Backed Bmw Vehicle Lease Trust 2016-2 58768MAC5 Asset Backed Mercedes-Benz Auto Lease Trust 2016-B 90290XAD9 Asset Backed USAA Auto Owner Trust 2005-1 161571E16 Asset Backed Chase Issuance Trust 02587AAJ3 Asset Backed American Express Credit Account Master Trust 58769DAD2 Asset Backed Mercedes-Benz Auto Lease Trust 2017-A 65479AAD4 Asset Backed Nissan Auto Lease Trust 2017-A 65478GAC4 Asset Backed Nissan Auto Receivables 2017-B Owner Trust 65478DAD9 Asset Backed Nissan Auto Receivables 2018-A Owner Trust 47788CAA0 Asset Backed John Deere Owner Trust 2018 55379WKQ8 CD MUFG Bank, Ltd. 46625HHL7 Corporate 1PMorgan Chase & Co. 38141EA58 Corporate The Goldman Sachs Group, Inc. 78011DAF1 Corporate Royal Bank of Canada 718172BF5 Corporate Philip Morris International Inc. 61746BDM5 Corporate Morgan Stanley 0258MODK2 Corporate American Express Credit Corporation 172967HM6 Corporate Citigroup Inc. 31677QBB4 Corporate Fifth Third Bank 22546QAN7 Corporate Credit Suisse AG 89114QAS7 Corporate The Toronto -Dominion Bank 90261XHE5 Corporate UBS AG 40428HPN6 Corporate HSBC USA Inc. 17401QAB7 Corporate Citizens Bank, National Association 46625HKA7 Corporate JPMorgan Chase & Co. 61747YDW2 Corporate Morgan Stanley 780082AA1 Corporate Royal Bank of Canada 172967711 Corporate Citigroup Inc. 06051GFN4 Corporate Bank of America Corporation 064159HC3 Corporate The Bank of Nova Scotia 89114QBE7 Corporate The Toronto -Dominion Bank 69353REV6 Corporate PNC Bank, National Association 07330NAL9 Corporate Branch Banking and Trust Company 49327M2P8 Corporate KeyBank National Association 24422E1'18 Corporate John Deere Capital Corporation 17275RBG6 Corporate Cisco Systems, Inc. 06367TPX2 Corporate Bank of Montreal 1491216Y2 Corporate Caterpillar Financial Services Corporation 0258MOEE5 Corporate American Express Credit Corporation 375558BQ5 Corporate Gilead Sciences, Inc. 87019SKV5 CP Swedbank AB 64105SK15 CP Nestle Finance International Ltd. 26055BK94 CP The Dow Chemical Company 07274MKK0 CP Bayerische Landesbank 50000E1(29 CP Koch Industries, Inc. 43357MKJ8 CP Hitachi Capital America Corp. 78355BKH4 CP Ryder System, Inc. 711121(1(.42 CP The Peoples Gas Light And Coke Company 63743DKH3 CP National Rural Utilities Cooperative Finance Corporation 92780KKX5 CP Virginia Electric and Power Company 06/17/2019 763,000.00 758,373.05 - 755,720.98 (5,455.83) 1.370 2.726 AAA 01/18/2022 04/13/2018 405,000.00 401,741.02 - 403,776.90 121.16 1.610 2.558 AAA 09/20/2019 07/27/2017 579,883.03 578,682.49 - 578,270.96 (1,407.20) 1.430 2.723 AAA 08/15/2019 - 683,403.04 681,459.93 - 682,220.75 (870.83) 1.350 2.653 AAA 11/16/2020 03/22/2018 0.01 0.01 - 0.01 (0.00) 1.540 1.664 AAA 01/15/2020 03/23/2018 500,000.00 501,347.66 - 501,490.00 212.20 2.458 2.320 AAA 02/18/2020 06/29/2018 650,000.00 640,351.56 - 640,991.00 (783.73) 1.930 2.968 AAA 03/16/2020 07/27/2017 965,000.00 965,942.38 - 961,043.50 (4,177.58) 1.790 2.713 AAA 04/15/2020 01/25/2018 850,000.00 846,115.23 - 845,010.50 (3,017.77) 1.910 2.785 AAA 05/15/2020 06/29/2018 403,004.78 402,926.07 - 403,004.78 0.28 2.258 2.394 AAA 05/16/2022 06/29/2018 600,000.00 596,906.25 - 595,992.00 (1,225.98) 2.650 2.998 AAA 03/15/2019 02/21/2018 472,280.81 472,280.81 - 472,167.46 (113.35) 1.950 2.269 AAA 10/15/2018 09/26/2018 2,000,000.00 1,999,898.44 - 1,999,900.00 (25.17) 2.110 2.216 AAA 04/23/2019 07/25/2017 1,000,000.00 1,075,520.00 - 1,019,800.00 (5,254.32) 6.300 2.767 A 03/15/2020 07/26/2017 500,000.00 540,800.00 - 515,395.00 (7,729.73) 5.375 3.204 A 10/O1/2018 08/08/2018 850,000.00 849,566.50 - 850,000.00 - 2.000 1.981 AAA 01/15/2019 07/26/2017 1,000,000.00 1,003,040.00 - 998,080.00 (2,536.54) 1.875 2.516 A 01/24/2019 - 1,500,000.00 1,508,405.00 - 1,499,145.00 (2,450.26) 2.500 2.667 A 03/18/2019 07/25/2017 1,000,000.00 1,006,560.00 - 997,820.00 (4,093.02) 2.125 2.591 A 04/08/2019 07/25/2017 1,000,000.00 1,010,110.00 - 998,960.00 (4,232.72) 2.550 2.749 BBB 04/25/2019 06/29/2018 1,000,000.00 997,590.00 03/25/2019 998,260.00 (63.99) 2.375 2.680 A 05/28/2019 07/26/2017 1,000,000.00 1,009,340.00 - 996,880.00 (6,563.42) 2.300 2.773 A 07/02/2019 07/27/2017 1,000,000.00 1,007,670.00 - 995,620.00 (7,453.57) 2.125 2.708 AA 08/14/2019 07/25/2017 850,000.00 857,505.50 - 846,515.00 (6,760.17) 2.375 2.849 AA 11/13/2019 07/26/2017 1,000,000.00 1,010,720.00 - 993,380.00 (11,976.89) 2.375 2.976 A 12/04/2019 07/26/2017 1,000,000.00 1,008,450.00 11/04/2019 993,160.00 (11,022.54) 2.450 3.041 A 01/23/2020 07/25/2017 500,000.00 503,005.00 12/23/2019 494,885.00 (6,688.50) 2.250 3.045 A 01/27/2020 07/25/2017 500,000.00 506,130.00 - 496,795.00 (6,526.61) 2.650 3.144 A 02/05/2020 07/26/2017 1,500,000.00 1,497,390.00 - 1476,900.00 (21,675.17) 1.875 3.045 AAA 02/18/2020 07/25/2017 500,000.00 503,600.00 - 495,260.00 (6,731.86) 2.400 3.101 BBB 04/21/2020 12/04/2017 1,000,000.00 997,850.00 - 987,220.00 (11,367.59) 2.250 3.093 A 01/15/2019 01/23/2018 400,000.00 399,504.00 - 399,308.00 (544.65) 1.950 2.526 AA 01/22/2019 01/23/2018 370,000.00 369,463.50 - 369,345.10 (488.02) 1.950 2.504 AA 03/04/2019 07/26/2017 1,000,000.00 1,003,210.00 02/02/2019 997,260.00 (3,479.05) 1.950 2.586 A 05/10/2019 07/27/2017 1,000,000.00 995,340.00 04/10/2019 993,080.00 (5,289.51 1.450 2.587 A 08/22/2019 07/24/2017 1,000,000.00 995,550.00 - 989,260.00 (8,773.69) 1.600 2.816 A 10/09/2019 07/26/2017 1,125,000.00 1,114,650.00 - 1,106,887.50 (13,187.83) 1.250 2.846 A 09/20/2019 06/29/2018 1,050,000.00 1,035,184.50 - 1,036,287.00 (1,853.33) 1.400 2.763 AA 12/12/2019 07/26/2017 1,000,000.00 1,005,160.00 - 990,450.00 (12,219.43) 2.100 2.910 AA 01/10/2020 07/26/2017 1,000,000.00 1,008,020.00 - 989,270.00 (14,998.44) 2.100 2.957 A 03/03/2020 07/25/2017 500,000.00 09/20/2019 - 1,495,000.00 503,990.00 02/O1/2020 494,400.00 (7,773. 2.200 3.005 A 1,496,206.00 - 1 496,779.05 817.51 2.588 2.508 A 10/29/2018 09/17/2018 2,000,000.00 1,995,053.34 - 1,996,460.00 (242.23) 0.000 2.137 AAA 10/01/2018 09/17/2018 1,900,000.00 1,898,544.39 - 1,900,000.00 - 0.000 0.000 AAA 10/09/2018 09/26/2018 1,350,000.00 1,348,893.38 - 1,349,325.00 6.00 0.000 1.809 AA 10/19/2018 09/28/2018 1,000,000.00 998,658.33 - 998,870.00 20.00 0.000 2.046 AAA 10/02/2018 09/11/2018 1,025,000.00 1,023,786.23 - 1,024,938.50 (3.70) 0.000 0.721 AAA 10/18/2018 09/17/2018 2,000,000.00 1,995,952.78 - 1,997,860.00 79.44 0.000 2.039 AA 10/17/2018 09/17/2018 2,000,000.00 1,996,250.00 - 1,997,980.00 (20.00) 0.000 2.031 AA 10/04/2018 - 1,625,000.00 10/17/2018 09/27/2018 2,000,000.00 1,623,805.89 - 1,624,691.25 (1.58) 0.000 1.373 AAA 1,997,611.12 - 1,997,980.00 (108.90) 0.000 2.031 AAA 10/31/2018 09/28/2018 2,000,000.00 1,995,545.00 - 1,996,220.00 270.00 0.000 2.140 AAA 240907004 LC-RCTC Toll Revenue: - I-15 CCYUSD Currency UNITED STATES OF AMERICA 09/30/2018 - - 5,000,000.00 - 5,000,000.00 - 0.000 0.000 AAA 240907004 LC-RCTC Toll Revenue: -1-15 31846V203 MM Fund First American Funds, Inc. 09/30/2018 09/26/2018 - 718,035.82 - 718,035.82 - 1.730 1.680 AAA 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 240907004 LC-RCTC Toll Revenue: -1-15 240907004 LC-RCTC Toll Revenue: - I-15 70914PPD8 Muni Pennsylvania, Commonwealth of 07/15/2019 09/18/2018 305,000.00 308,080.50 - 307,958.50 (10.45) 4.050 2.807 AA 392274A89 Muni Greater Orlando Aviation Authority. 355185PF0 Muni Franklin, City of 459058GK3 Non -US Gov International Bank for Reconstruction and Development 912828UF5 US Gov Treasury, United States Department of 912828P53 US Gov Treasury, United States Department of 97689P2K3 VRDN Wisconsin Housing and Economic Development Authority 64986U4H7 VRDN New York State Housing Finance Agency 196479YN3 VRDN Colorado Housing and Finance Authority 10/O1/2019 07/26/2017 700,000.00 724,094.00 - 702,968.00 (8,390.62) 3.483 3.053 AA 03/O1/2019 04/18/2018 375,000.00 08/21/2020 - 1,210,000.00 375,000.00 12/O1/2018 374,917.50 (82.50) 2.500 2.515 AA 1,210,259.00 - 1210,217.80 (34.15) 2.380 2.406 AAA 12/31/2019 06/29/2018 3,700,000.00 3,627,156.25 - 3 628,183.00 (11,205.82) 1.125 2.707 AAA 02/15/2019 07/16/2018 2,440,000.00 2,419,221.88 - 2,425,408.80 (1,249.51) 0.750 2.334 AAA 09/O1/2037 07/02/2018 1,400,000.00 1,400,000.00 10/30/2018 1,400,000.00 - 2.050 2.050 AA 11/O1/2048 07/02/2018 1,400,000.00 1,400,000.00 10/15/2018 1,400,000.00 - 2.000 2.000 AA 10/O1/2038 07/02/2018 750,000.00 750,000.00 10/15/2018 750,000.00 - 2.020 2.020 AAA 70,537,167.42 76,320,656.29 75,534,874.97 (234,776.39) 240907020 RCTC 1-15 Prj RAMP UP RESERVE 3130AECI7 Agency Federal Home Loan Banks 05/28/2020 07/03/2018 350,000.00 350,150.50 - 349,013.00 (1,122.07) 2.625 2.798 AAA 240907020 RCTC I-15 Prj RAMP UP RESERVE 3134GSTKI Agency Federal Home Loan Mortgage Corporation 08/23/2021 08/27/2018 150,000.00 150,075.00 I I/23/2018 150,001.50 (44.19) 3.000 2.989 AAA 240907020 RCTC 1-15 Prj RAMP UP RESERVE 3137ANMN2 Agency CMO Federal Home Loan Mortgage Corporation 12/25/2018 12/05/2017 1,164,877.24 1,167,269.89 - 1,162,780.46 (1,037.94) 2.220 2.458 AAA 17 Page 14 of 32 OFRIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio by Account for quarter ended September 30, 2018 240907020 240907020 240907020 240907020 240907020 RCTC I-15 Prj RAMP UP RESERVE RCTC I-15 Pp RAMP UP RESERVE RCTC I-15 Prj RAMP UP RESERVE RCTC I-15 Pp RAMP UP RESERVE RCTC I-15 Prj RAMP UP RESERVE 383742C76 38375702 3137ASR97 38375KCX8 31392J6N4 Agency CMO Agency CMO Agency CMO Agency CMO Agency CMO 240907020 RCTC I-15 Pp RAMP UP RESERVE 3137B84S3 Agency CMO 240907020 RCTC I-15 Ptj RAMP UP RESERVE 313975E83 Agency CMO 240907020 RCTC I-15 Prj RAMP UP RESERVE 3137A5FP4 Agency CMO 240907020 RCTC I-15 Ptj RAMP UP RESERVE 31398N2K9 Government National Mortgage Association Government National Mortgage Association Federal Home Loan Mortgage Corporation Government National Mortgage Association Federal National Mortgage Association, Inc. Federal Home Loan Mortgage Corporation Federal National Mortgage Association, Inc. Federal Home Loan Mortgage Corporation Agency CMO Federal National Mortgage Association, Inc. 240907020 RCTC I-15 Prj RAMP UP RESERVE 38378CDK0 Agency CMO 240907020 RCTC I -IS Prj RAMP UP RESERVE 38378AWX5 Agency CMO 240907020 RCTC I-15 Pp RAMP UP RESERVE 38378DDC6 Agency CMO 240907020 RCTC I -IS Prj RAMP UP RESERVE 38377WL77 Agency CMO 240907020 RCTC I-15 Pp RAMP UP RESERVE 31283K5N4 Agency MBS 240907020 RCTC I -IS Prj RAMP UP RESERVE 3620A9WV9 Agency MBS 240907020 RCTC I-15 Pp RAMP UP RESERVE 3138NJAE8 Agency MBS 240907020 RCTC I -IS Prj RAMP UP RESERVE 31381N7G2 Agency MBS 240907020 RCTC I-15 Pp RAMP UP RESERVE 3136AC7J4 Agency MBS 240907020 RCTC I -IS Prj RAMP UP RESERVE 3137B1U75 Agency MBS 240907020 RCTC I-15 Pp RAMP UP RESERVE 3137B3NW4 Agency MBS 240907020 RCTC I-1 S Prj RAMP UP RESERVE 3137AXHN6 Agency MBS 240907020 RCTC I-15 Pp RAMP UP RESERVE 31418ASD1 Agency MBS 240907020 RCTC I -IS Prj RAMP UP RESERVE 3137B1UF7 Agency MBS 240907020 RCTC I-15 Pp RAMP UP RESERVE 3620ARB67 Agency MBS 240907020 RCTC I-1 S Prj RAMP UP RESERVE 3136A96F0 Agency MBS 240907020 RCTC I-15 Pp RAMP UP RESERVE 62888VAA6 CMO 240907020 RCTC I-1 S Prj RAMP UP RESERVE CCYUSD Currency 240907020 RCTC I-15 Pp RAMP UP RESERVE 31846V203 MM Fund 240907020 RCTC I-1 S Prj RAMP UP RESERVE 912828SA9 TIPS 240907020 RCTC I-15 Pp RAMP UP RESERVE 912828UH1 TIPS 240907020 RCTC I-1 S Prj RAMP UP RESERVE 912828UF5 US Gov 240907020 RCTC I-15 Pp RAMP UP RESERVE 912828VA5 US Gov 240907020 RCTC I-1 S Prj RAMP UP RESERVE 912828V V9 US Gov 240907020 RCTC I-15 Pp RAMP UP RESERVE 912828B58 US Gov 240907020 RCTC I-15 Prj RAMP UP RESERVE 912828P53 US Gov 08/16/2037 01/31/2018 12/16/2037 01/31/2018 86,638.14 88,804.09 --- 88,032.15 (579.86) 4.000 3.203 31,209.83 31,307.36 - 31,345.90 90.13 5.305 3.346 AAA The Government National Mortgage Association Guaranteed REMIC Pass - The Government National Mortgage Association Guaranteed REMIC Pass-T The Government National Mortgage Association Guaranteed REMIC Pass-T Government National Mortgage Association Federal Home Loan Mortgage Corporation Government National Mortgage Association Federal National Mortgage Association, Inc. Federal National Mortgage Association, Inc. Federal National Mortgage Association, Inc. Federal Home Loan Mortgage Corporation Federal Home Loan Mortgage Corporation Federal Home Loan Mortgage Corporation Federal National Mortgage Association, Inc. Federal Home Loan Mortgage Corporation Government National Mortgage Association Federal National Mortgage Association, Inc. NCUA Guaranteed Notes Trust 2011-R1 UNITED STATES OF AMERICA First American Funds, Inc. Treasury, United States Department of Treasury, United States Department of Treasury, United States Department of Treasury, United States Department of Treasury, United States Department of Treasury, United States Department of Treasury, United States Department of 01/25/2022 02/27/2018 01/20/2037 09/18/2018 04/25/2023 12/05/2017 02/15/2029 01/31/2018 35,320.03 34,525.33 --- 34,428.55 (197.66) 1.573 2.993 AAA 196,722.45 198,167.13 - 198,087.70 (155.85) 5.500 3.185 AAA 557,127.46 606,088.30 - 581,390.36 08,631.79) 5.500 2.831 AAA 141,852.61 02/25/2039 01/30/2018 17,479.68 01/15/2021 01/30/2018 11/25/2025 01/31/2018 03/20/2035 01/30/2018 01/20/2036 01/30/2018 04/20/2038 06/20/2018 01/20/2039 08/28/2018 08/01/2020 12/05/2017 12/15/2024 05/23/2018 12/01/2020 09/13/2018 10/01/2020 09/25/2018 03/25/2023 02/21/2018 01/25/2023 02/27/2018 09/25/2022 09/26/2018 02/25/2022 01/25/2018 04/01/2023 01/31/2018 09/25/2022 01/25/2018 05/15/2025 05/23/2018 11/25/2022 02/27/2018 10/07/2020 01/30/2018 09/30/2018 09/30/2018 01/15/2022 01/15/2023 02/05/2018 12/31/2019 04/30/2020 08/31/2020 01/31/2021 07/05/2018 02/15/2019 07/16/2018 70,550.40 13,153.54 115,338.14 172,496.66 97,119.90 20,341.17 628,765.70 15,384.17 50,853.00 90,543.77 47,031.38 120,000.00 108,552.99 80,849.28 83,196.56 40,863.54 31,685.85 75,000.00 44,836.65 322,891.80 81,882.75 435,000.00 665,000.00 775,000.00 320,000.00 240,000.00 140,079.45 17,578.00 70,726.78 13,202.87 116,401.41 174,167.72 97,776.22 20,252.18 642,928.01 15,720.70 51,441.00 90,876.24 46,257.94 117,965.63 107,620.12 79,737.61 82,388.57 40,263.36 32,438.40 72,694.34 44,976.77 300,000.00 227,097.56 320,530.78 80,812.14 426,695.70 648,627.54 766,685.54 316,212.50 237,956.25 138,777.24 17,475.31 69,987.41 13,130.92 115,205.50 171,968.82 97,358.82 20,292.35 640,177.79 15,697.69 51,339.66 90,494.88 45,780.82 116,794.80 107,839.80 79,038.26 81,434.46 39,883.23 32,314.50 72,251.25 44,975.20 300,000.00 227,097.56 314,897.00 79,268.23 426,556.65 648,062.45 764,917.25 314,726.40 238,564.80 (1,374.87) 2.000 3.155 (1.60) 4.000 2.121 (688.20) 2.500 3.006 (33.05) 3.500 3.245 (876.23) 3.000 2.968 (1,806.34) 3.000 3.149 (338.71) 3.500 3.017 51.96 2.000 2.721 08,808.40) 5.000 1.875 (9.57) 4.000 3.052 (98.46) 3.619 3.101 (393.04) 3.270 3.357 (568.89) 2.570 3.560 (1,405.22) 2.522 3.266 230.55 2.778 3.038 (833.95) 1.749 3.033 (981.36) 2.000 3.104 (446.41) 1.785 3.026 (100.06) 4.000 3.116 (810.02) 2.184 3.550 33.17 2.530 2.546 0.000 0.000 1.730 1.680 (6,040.36) 0.125 0.887 (1,683.37) 0.125 0.883 (2,147.88) 1.125 2.707 (2,412.70) 1.125 2.774 (2,304.68) 2.125 2.824 (1,829.26) 2.125 2.857 (122.90) 0.750 2.334 AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA 7,477,564.68 8,026,498.93 7,971,388.66 (67,479.09) 245490001 LC-RCTC 2017 PR.!: Sales Tax 9AMMF05B2 MM Fund U.S. Bank Money Market Account Fund 09/30/2018 09/26/2018 - 960.73 960.73 - 0.200 0.000 NA 18 Page 15 of 32 illgRIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio Transaction Report by Account Quarter ended September 30, 2018 ATTACHMENT 10 Source Base Base Change In Net Beginning Base Base Maturities and Net Total Realized AmortizatioNAc Unrealized Ending Base Ending Accrued 240907004 LC-RCTC Toll Revenue:-I-15 38141EA25 GOLDMAN SACHS GROUP INC 027,620.00 (1,019,750.00) (1,805.86) (13,504.16) 7,440.02 240907004 LC-RCTC Toll Revenue:-I-15 46625HHL7 1PMORGAN CHASE &CO 240907004 LC-RCTC Toll Revenue:-I-15 38141EA58 GOLDMAN SACHS GROUP INC 1,028,130.00 517,870.00 (11,155.13) 2,825.13 (3,904.97) 1,429.97 1,019,800.00 515,395.00 27,650.00 1,194.44 240907004 LC-RCTC Toll Revenue:-I-15 392274A89 GREATER ORLANDO AVIATION AUTH ORLANDO FLA ARPT FAC 705,306.00 (2,816.23) 478.23 702,968.00 12,190.50 240907004 LC-RCTC Toll Revenue:-I-15 61746BDM5 MORGAN STANLEY 998,420.00 (1,570.57) 2,580.57 999,430.00 4,652.78 240907004 LC-RCTC Toll Revenue: - I-15 172967HM6 CITIGROUP INC 998,290.00 (1,531.72) 2,201.72 998,960.00 12254.17 240907004 LC-RCTC Toll Revenue:-I-15 74432QBW4 PRUDENTIAL FINANCIAL INC 1,499,580A0 (1,500,000.00) (1,340.89) 1,760.89 240907004 LC-RCTC Toll Revenue: - I-15 22546QAN7 CREDIT SUISSE AG (NEW YORK BRANCH) 995,190.00 (1,300.32) 2,990.32 996,880.00 7,858.33 240907004 LC-RCTC Toll Revenue:-I-15 40428HPN6 HSBC USA INC (NEW) 990,200.00 (1,184.05) 4,364.05 993,380.00 9,038.19 240907004 LC-RCTC Toll Revenue:-I-15 0258MODK2 AMERICAN EXPRESS CREDIT CORP 996,160.00 (1,025.44) 2,685.44 997,820.00 767.36 240907004 LC-RCTC Toll Revenue: - I-15 89114QAS7 TORONTO-DOMINION BANK 994,070.00 (1,015.14) 2,565.14 995,620.00 5,253.47 240907004 LC-RCTC Toll Revenue: - I-15 17401QAB7 CITIZENS BANK NA 990,820.00 (949.50) 3,289.50 993,160.00 7,962.50 240907004 LC-RCTC Toll Revenue:-I-15 90261XHE5 UBS AG(STAMFORD BRANCH) 844,687.50 (939.51) 2,767.01 846,515.00 2,635.59 240907004 LC-RCTC Toll Revenue:-I-15 14912L6Y2 CATERPILLAR FINANCIAL SERVICES CORP 989,510.00 (829.32) 589.32 989270.00 4,725.00 240907004 LC-RCTC Toll Revenue: - I-15 05522RCQ9 BACCT 141 A 1,101,760.00 (669.24) 9.24 1,101,100.00 1,085.89 240907004 LC-RCTC Toll Revenue:-I-15 61747YDW2 MORGAN STANLEY 496,370A0 (622.24) 1,047.24 496,795.00 2,355.56 240907004 LC-RCTC Toll Revenue:-I-15 06367TPX2 BANK OF MONTREAL 988,100.00 (554.18) 2,904.18 990,450.00 6,358.33 240907004 LC-RCTC Toll Revenue:-I-15 69353REV6 PNC BANK NA 994,510A0 (546.17) 3,296.17 997260.00 1,462.50 240907004 LC-RCTC Toll Revenue:-I-15 718172BF5 PHILIP MORRIS INTERNATIONAL INC 995,530.00 (535.78) 3,085.78 998,080.00 3,958.33 240907004 LC-RCTC Toll Revenue:-I-15 3138155E8 FN 469845 440,792.88 (2,570.16) (0.85) (528.35) 440.55 438,134.06 965.41 240907004 LC-RCTC Toll Revenue:-I-15 0258MOEE5 AMERICAN EXPRESS CREDIT CORP 493,440.00 (402.49) 1,362.49 494,400.00 855.56 240907004 LC-RCTC Toll Revenue:-I-15 31397Q4Q8 FNR 10155B JA 272,927.76 - - - (130,227.20) (413.29) (401.20) (110.54) 141,775.52 472.19 240907004 LC-RCTC Toll Revenue: - I-15 31398E2E3 FIIMS K003 A4 81,582.13 (30,297.55) 1,668.13 (384.70) 93.36 52,661.37 221.61 240907004 LC-RCTC Toll Revenue:-I-15 94973VBE6 ANTHEM INC 1,499,805.00 - - (1,500,000.00) - - (37895) 57395 240907004 LC-RCTC Toll Revenue:-I-15 172967JJ1 CITIGROUP INC 493,625.00 (357.75) 1,992.75 495260.00 1,433.33 240907004 LC-RCTC Toll Revenue:-I-15 05522RCV8 BACCT 161A 751,575A0 (352.92) 262.92 751,485.00 743.30 240907004 LC-RCTC Toll Revenue:-I-15 46625HKA7 1PMORGAN CHASE & CO 493,570.00 (317.11) 1,632.11 494,885.00 2,125.00 240907004 LC-RCTC Toll Revenue:-I-15 37555813Q5 GILEAD SCIENCES INC 900,882.00 (244.46) 433.46 901,071.00 711.56 240907004 LC-RCTC Toll Revenue: - I-15 3137ANMN2 FIIMS K707 A2 314,316.45 (111,146.49) 55.16 (187.17) 448.63 203,486.58 377.13 240907004 LC-RCTC Toll Revenue: - I-15 58769DAD2 MBALT 17A A3 959,161.75 (158.82) 2,040.57 961,043.50 767.71 240907004 LC-RCTC Toll Revenue: - I-15 025821GN4 AMXCA 141 A 252,630A0 (143.28) 2.16 252,488.88 247.79 240907004 LC-RCTC Toll Revenue:-I-15 70914PPD8 PENNSYLVANIA(COMMONWEALTH OF) 308,080.50 (111.55) (10.45) 307,958.50 2,607.75 240907004 LC-RCTC Toll Revenue:-I-15 3137AL6V6 FIIMS K706 A2 657,394.44 - - - (431,840.91) 230.78 (85.73) 1,061.50 226,760.08 439.71 240907004 LC-RCTC Toll Revenue:-I-15 36225B5Y0 GN 781763 32,820.38 (23,509.26) (102.94) (64.51) 72.74 9,216.42 42.24 240907004 LC-RCTC Toll Revenue:-I-15 16157111.16 CHAIT 171A 501,140.00 (33.47) 383A7 501,490.00 478.03 240907004 LC-RCTC Toll Revenue: - I-15 47787UAE3 MOT 15 A4 729,706.86 (729,962.35) (35.63) (796) 299.08 240907004 LC-RCTC Toll Revenue:-I-15 459058G1(3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM - 185,074.00 (4.15) (36.55) 185,033.30 457.77 240907004 LC-RCTC Toll Revenue: - I-15 3136AK2A0 FNA 14M10 AS2 220,945.19 (1,34994) 1.86 (396) 296.36 219,889.51 400.60 240907004 LC-RCTC Toll Revenue: - I-15 3137B6ZL8 FIIMS K714 Al 88,283.95 (88,574.47) 101.31 (3.74) 192.95 240907004 LC-RCTC Toll Revenue:-I-15 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM - 500,185.00 (2.90) (92.10) 500,090.00 1,237.22 240907004 LC-RCTC Toll Revenue:-I-15 31398NG99 FNR 10112H AE (0.00) 0.00 240907004 LC-RCTC Toll Revenue:-I-15 31846V203 FIRST AMER:GVT OBLG Y 4,977,553.72 138,976,450.27 (143,235,968.17) 718,035.82 240907004 LC-RCTC Toll Revenue:-I-15 CCYUSD Receivable 6,598,581.28 5,000,000.00 240907004 LC-RCTC Toll Revenue:-I-15 97689P2K3 WISCONSIN HSG& ECONOMIC DEV AUTH HOME OWNERSHIP R - 1,400,000.00 1,400,000.00 2,063.06 240907004 LC-RCTC Toll Revenue: - I-15 3137A7NT3 FIIMS K011 Al 2,630.39 - - - (2,634.47) (0.00) - 4.08 240907004 LC-RCTC Toll Revenue:-I-15 3137B2GW4 FHMS K713 A2 586,886.84 (587,730.19) 843.35 240907004 LC-RCTC Toll Revenue:-I-15 64986U4H7 NEW YORK ST HSG FIN AGY REV 1,400,000.00 1,400,000.00 1,962.30 240907004 LC-RCTC Toll Revenue: - I-15 196479YN3 COLORADO HSG & FIN AUTH 750,000.00 750,000.00 7,028.22 240907004 LC-RCTC Toll Revenue:-I-15 375558BQ5 GILEAD SCIENCES INC 595,583.10 124.95 595,708.05 470.42 240907004 LC-RCTC Toll Revenue:-I-15 54438CWT5 LOS ANGELES CALIF CMNTY COLLEGE DIST 544,809.25 - - (545,000.00) - - - 190.75 240907004 LC-RCTC Toll Revenue:-I-15 73358WT46 PORT AUTH NY&NJ 219,755.80 - - (220,000.00) - - - 244.20 240907004 LC-RCTC Toll Revenue: - I-15 47788CAA0 MOT 2018 Al 1,177,504A6 (705,930.20) 0.02 593.58 472,167.46 358.15 240907004 LC-RCTC Toll Revenue:-I-15 355185PF0 FRANKLINWIS 374,771.25 146.25 374,917.50 781.25 240907004 LC-RCTC Toll Revenue:-I-15 459058GK3 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM - 525,000.00 94.50 525,094.50 1,299.08 240907004 LC-RCTC Toll Revenue: - I-15 31398E2E3 FIIMS K003 A4 1,542.85 2.88 8.60 240907004 LC-RCTC Toll Revenue: - I-15 05581RAD8 BMWLT 161 A3 21,726.48 (21,739.51) (0.02) 5.61 7.44 240907004 LC-RCTC Toll Revenue:-I-15 65477UAC4 NAROT 15A A3 54,267.63 (54,327.93) 22.04 8.12 30.14 240907004 LC-RCTC Toll Revenue: - I-15 3137AKKC4 FHMS K705 A2 144,226.41 (144,500.96) 54.55 18.10 201.91 240907004 LC-RCTC Toll Revenue:-I-15 55379WKQ8 MUFG Bank, Ltd. - 1,999,898.44 - - - - 26.73 (25.17) 1,999,900.00 6,330.00 240907004 LC-RCTC Toll Revenue:-I-15 161571HC1 CHAIT 162A 12,837.76 38.71 (0.49) 12,875.98 7.92 240907004 LC-RCTC Toll Revenue:-I-15 22533UG23 Credit Agricole Corporate and Investment Bank 1,075,000.00 - - (1,075,000.00) - - 55.24 (55.24) 240907004 LC-RCTC Toll Revenue:-I-15 22533UH14 Credit Agrlcole Corporate and Investment Bank 1,399,927.28 - (1,400,000.00) - - 72.72 240907004 LC-RCTC Toll Revenue: - I-15 46640QG21 J.P. Morgan Securities LLC 1,400,000.00 - - (1,400,000.00) - - 73.89 (73.89) 240907004 LC-RCTC Toll Revenue: - I-15 14912EH18 Caterpillar Financial Services Corporation 1,399,926.11 - (1,400,000.00) - - 73.89 240907004 LC-RCTC Toll Revenue:-I-15 89236WAD0 TAOT 15A A4 403,713.43 - - - (181,079.52) 189.14 79.81 424.58 223,327.44 151.10 240907004 LC-RCTC Toll Revenue:-I-15 65478GAC4 NAROT 17B A2B 572,369.13 (0.00) - - (169,364.35) 30.84 80.66 (111.50) 403,004.78 353.95 240907004 LC-RCTC Toll Revenue:-I-15 04056BG20 Arizona Public Service Company 1,400,000.00 - - (1,400,000.00) - - 82.45 (82.45) 240907004 LC-RCTC Toll Revenue:-I-15 161571HA5 CHAIT 157A 1,499,535.00 - - - (1,500,000.00) - 101.10 36390 240907004 LC-RCTC Toll Revenue: - I-15 43814LAC3 HAROT 154 A3 520,310.66 - (261,948.86) - (259,950.98) 6.46 116.82 1,465.92 0.02 240907004 LC-RCTC Toll Revenue:-I-15 064159HC3 BANK OF NOVA SCOTIA 398,548.00 128.10 631.90 399,308A0 1,646.67 240907004 LC-RCTC Toll Revenue:-I-15 89114QBE7 TORONTO-DOMINION BANK 368,508.90 136.09 700.11 369,345.10 1,382.88 240907004 LC-RCTC Toll Revenue: - I-15 7111210K42 The Peoples Gas Light And Coke Company - 424,780.89 - - - - 136.94 1.42 424,919.25 240907004 LC-RCTC Toll Revenue: - I-15 90290XAD9 USAOT 151 A4 566223.91 - (456,178.61) - (110,554.64) 1,131.38 160.36 (782.40) 0.01 240907004 LC-RCTC Toll Revenue: - I-15 05582XAD4 BMWLT 162 A3 878,262.85 (301,827.31) 132.04 165.06 1,538.31 578270.96 253.38 240907004 LC-RCTC Toll Revenue: - I-15 58768MAC5 MBALT 16B A3 777,696.34 - - - (351,309.62) 137.57 172.07 1,296.58 427,992.94 257.24 240907004 LC-RCTC Toll Revenue: - I-15 07274MKK0 Bayerische Landesbank - 998,658.33 - - - - 191.67 20.00 998,870.00 240907004 LC-RCTC Toll Revenue: - I-15 58768MAC5 MBALT 16B A3 461,951.63 - - - (208,677.92) 227.24 215.99 510.86 254227.81 152.80 240907004 LC-RCTC Toll Revenue:-I-15 06051GFN4 BANK OF AMERICA CORP 986280.00 223.28 716.72 987220.00 10,000.00 240907004 LC-RCTC Toll Revenue: - I-15 65478AAD5 NAROT 15C A3 499,302.31 (157,632.10) 338.82 232.95 662.30 342,904.28 209.52 240907004 LC-RCTC Toll Revenue:-I-15 74456DGP4 Public Service Electric and Gas Company 1,399,755.00 - (1,400,000.00) - - 245.00 240907004 LC-RCTC Toll Revenue: - I-15 23336KGP1 DTE Electric Company 1,399,752.68 - (1,400,000.00) - - 247.32 240907004 LC-RCTC Toll Revenue:-I-15 04056BG53 Arizona Public Service Company 1,399,751.50 - (1,400,000.00) - - 248.50 240907004 LC-RCTC Toll Revenue:-I-15 780082AA1 ROYAL BANK OF CANADA 1,476,375.00 262.64 262.36 1,476,900.00 4,375.00 240907004 LC-RCTC Toll Revenue: - I-15 61746BDM5 MORGAN STANLEY 499,345.00 290.56 79.44 499,715.00 2,326.39 240907004 LC-RCTC Toll Revenue: - I-15 07274MGQ2 Bayerische Landesbank 1,399,688.89 - (1,400,000.00) - - 311.11 240907004 LC-RCTC Toll Revenue:-I-15 65478DAD9 NAROT 18A A3 596,814.00 - - - - - 311.73 (1,133.73) 595,992.00 706.67 240907004 LC-RCTC Toll Revenue: - I-15 313385B21 FEDERAL HOME LOAN BANKS 799,672.89 - (800,000.00) - - 327.11 240907004 LC-RCTC Toll Revenue: - I-15 9278010KX5 Virginia Electric and Power Company - 1,995,545.00 - - - - 405.00 270.00 1,996220.00 19 Page 16 of 32 illgRIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio Transaction Report by Account Quarter ended September 30, 2018 Source Beginning Base Base Maturities and Base Base Change In Net Net Total Realized AmortizatioNAc Unrealized Ending Bast) Ending Accrued 240907004 240907004 240907004 240907004 240907004 LC-RCTC Toll Revenue: - I-15 LC-RCTC Toll Revenue: - I-15 LC-RCTC Toll Revenue: - I-15 LC-RCTC Toll Revenue: - I-15 LC-RCTC Toll Revenue: - I-15 313385ZU3 26055BK94 78011DAF1 3137B2GW4 3137FBUW4 FEDERAL HONE LOAN BANKS The Dow Chemical Company ROYAL BANK OF CANADA FHMS K713 A2 FHMS 1004 AG2 830,000.00 3,999,593.32 1,348,893.38 849,566.50 586,647.28 (4,000,000.00) (2,089:75) 12.80 406.68 425.62 433.50 439.27 446.73 6.00 (1,459.75) (355.43) 1,349,325.00 850,000.00 583,549.86 830,091.30 8,500.00 1,134.11 315.59 240907004 LC-RCTC Toll Revenue:-I-15 78355BGA4 Ryder System, Inc. 799,632.00 (800,000.00) 450.00 (82.00) 240907004 LC-RCTC Toll Revenue:-I-15 14912EGP6 Caterpillar Financial Services Corporation 1,399,542.66 (1,400,000.00) 457.34 240907004 LC-RCTC Toll Revenue:-I-15 313385ZZ2 FEDERAL HOME LOAN BANKS 899,537.50 (900,000.00) 462.50 240907004 LC-RCTC Toll Revenue:-I-15 63743DKH3 National Rural Utilities Cooperative Finance Corpo 1,997,611.12 477.78 (108.90) 1,997,980.00 240907004 LC-RCTC Toll Revenue:-I-15 07274MH32 Bayerische Landesbank 1,449,450.20 (1,450,000.00) 549.80 240907004 LC-RCTC Toll Revenue:-I-15 49327M2P8 KEYBANK NA 985,260.00 551.01 3,448.99 989,260.00 1,733.33 240907004 LC-RCTC Toll Revenue:-I-15 04056BGQ7 Arizona Public Service Company 1,399,425.61 (1,400,000.00) 574.39 240907004 LC-RCTC Toll Revenue:-I-15 04056BGX2 Arizona Public Service Company 1,424,418.13 (1,425,000.00) 581.87 240907004 LC-RCTC Toll Revenue:-I-15 04056BGG9 Arizona Public Service Company 1,399,417.45 (1,400,000.00) 582.55 240907004 LC-RCTC Toll Revenue:-I-15 04056BH94 Arizona Public Service Company 1,449,413.56 (1,450,000.00) 586.44 240907004 LC-RCTC Toll Revenue:-I-15 313385ZN9 FEDERAL HOME LOAN BANKS 1,699,405.00 (1,700,000.00) 595.00 240907004 LC-RCTC Toll Revenue:-I-15 161571HC1 CHAIT 162A 740,640.00 596.96 1,608.04 742,845.00 456.67 240907004 LC-RCTC Toll Revenue:-I-15 63743DG96 National Rural Utilities Cooperative Finance Como 1,399,440.00 (1,400,000.00) 616.00 (56.00) 240907004 LC-RCTC Toll Revenue:-I-15 14912E.JR9 Caterpillar Financial Services Corporation 1,399,359.11 (1,400,000.00) 640.89 240907004 LC-RCTC Toll Revenue:-I-15 05916SH29 Baltimore Gas and Electric Company 1,499,358.33 (1,500,000.00) 641.67 240907004 LC-RCTC Toll Revenue:-I-15 23336KGL0 DTE Electric Company 1,399,346.66 (1,400,000.00) 653.34 240907004 LC-RCTC Toll Revenue:-I-15 07330NAL9 BRANCH BANKING AND TRUST CO 989,150.00 664.97 3,265.03 993,080.00 5,679.17 240907004 LC-RCTC Toll Revenue:-I-15 69372BGC8 PACCAR Financial Corp. 1,399,335.00 (1,400,000.00) 665.00 240907004 LC-RCTC Toll Revenue:-I-15 313385621 FEDERAL HOME LOAN BANKS 2,199,321.67 (2,200,000.00) 678.33 240907004 LC-RCTC Toll Revenue:-I-15 65479AAD4 NALT 17A A3 842,962.00 711.91 1,336.59 845,010.50 721.56 240907004 LC-RCTC Toll Revenue:-I-15 31677QBB4 FIFTH THIRD BANK 996,060.00 733.99 1,466.01 998,260.00 10,291.67 240907004 LC-RCTC Toll Revenue:-I-15 67021KGL7 NSTAR Electric Company 1,399,261.11 (1,400,000.00) 738.89 240907004 LC-RCTC Toll Revenue:-I-15 711121(1(42 The Peoples Gas Light And Coke Company 1,199,025.00 750.00 (3.00) 1,199,772.00 240907004 LC-RCTC Toll Revenue:-I-15 313385A97 FEDERAL HONE LOAN BANKS 2,999,229.18 (3,000,000.00) 770.82 240907004 LC-RCTC Toll Revenue:-I-15 43357MGB0 Hitachi Capital America Corp. 1,399,188.00 (1,400,000.00) 812.00 240907004 LC-RCTC Toll Revenue:-I-15 92780K1K5 Virginia Electric and Power Company 1,854,113.72 (1,855,000.00) 886.28 240907004 LC-RCTC Toll Revenue:-I-15 69372BGQ7 PACCAR Financial Corp. 1,399,099.34 (1,400,000.00) 900.66 240907004 LC-RCTC Toll Revenue:-I-15 87030KH17 Aktiebolaget Svensk Exportkredit 1,399,090.00 (1,400,000.00) 910.00 240907004 LC-RCTC Toll Revenue:-I-15 23336KH62 DTE Electric Company 1,424,085.62 (1,425,000.00) 914.38 240907004 LC-RCTC Toll Revenue:-I-15 14912EGD3 Caterpillar Financial Services Corporation 1,399,118.00 (1,400,000.00) 956.67 (74.67) 240907004 LC-RCTC Toll Revenue:-I-15 22533UHT3 Credit Agrlcole Corporate and Investment Bank 1,499,035.01 (1,500,000.00) 964.99 240907004 LC-RCTC Toll Revenue:-I-15 740051GG7 Praxah, Inc. 1,398,960.11 (1,400,000.00) 1,039.89 240907004 LC-RCTC Toll Revenue:-I-15 313385ZP4 FEDERAL HOME LOAN BANKS 6,998,958.75 (7,000,000.00) 1,041.25 240907004 LC-RCTC Toll Revenue:-I-15 64587BJS2 New Jersey Natural Gas Company 1,998,940.00 (2,000,000.00) 1,060.00 240907004 LC-RCTC Toll Revevue• I-15 87019SHP2 Swedbank AB 1 98.938.34 (1.400.000.001 1.061.66 240907004 LC-RCTC Toll Revenue:-I-15 67021KH36 NSTAR Electric Company 1,398,938.34 (1,400,000.00) 1,061.66 240907004 LC-RCTC Toll Revenue:-I-15 65477XAE4 NALT 16B A4 402,525.45 1,065.64 185.81 403,776.90 289.80 240907004 LC-RCTC Toll Revenue:-I-15 912796PZ6 UNITED STATES TREASURY 6,998,897.50 (7,000,000.00) 1,102.50 240907004 LC-RCTC Toll Revenue:-I-15 09659KHF0 BNP Paribas Fortis 1,398,862.50 (1,400,000.00) 1,137.50 240907004 LC-RCTC Toll Revenue:-I-15 50000E1(.29 Koch Industries, Inc. 1,023,786.23 1,155.97 (3.70) 1,024,938.50 240907004 LC-RCTC Toll Revenue:-I-15 63873KH26 Natixis 1,398,811.55 (1,400,000.00) 1,188.45 240907004 LC-RCTC Toll Revenue:-I-15 24422ET18 JOHN DEERE CAPITAL CORP 1,104,243.75 1,196.59 1,447.17 1,106,887.50 6,718.75 240907004 LC-RCTC Toll Revenue:-I-15 46640QH79 J.P. Morgan Securities LLC 848,801.74 (850,000.00) 1,198.26 240907004 LC-RCTC Toll Revenue:-I-15 912828L40 UNITED STATES TREASURY 1,998,671.88 (2,000,000.00) 1,328.12 240907004 LC-RCTC Toll Revenue:-I-15 21687BGW5 Cooperatieve Rabobank U.A. 1,398,663.00 (1,400,000.00) 1,337.00 240907004 LC-RCTC Toll Revenue:-I-15 29878SHA7 Banque europeenne dinvestissement(BEI) 1,398,635.00 (1,400,000.00) 1,365.00 240907004 LC-RCTC Toll Revenue:-I-15 02587AA13 AMXCA 171 A 640,412.50 1.423.17 (844.67) 640,991.00 557.56 240907004 LC-RCTC Toll Revenue:-I-15 64105SK15 Nestle Finance International Ltd. 1,898,544.39 1,455.61 1,900,000.00 240907004 LC-RCTC Toll Revenue:-I-15 14912EHU4 Caterpillar Financial Services Corporation 1,398,407.50 (1,400,000.00) 1,592.50 240907004 LC-RCTC Toll Revenue:-I-15 87019SKV5 Swedbank AB 1,995,053.34 1,648.89 (242.23) 1,996,460.00 240907004 LC-RCTC Toll Revenue:-I-15 912828L40 UNITED STATES TREASURY 3,198,250.00 (3,200,000.00) 1,750.00 240907004 LC-RCTC Toll Revenue:-I-15 78355BKH4 Ryder System, Inc. 1,996,250.00 1,750.00 (20.00) 1,997,980.00 240907004 LC-RCTC Toll Revenue:-I-15 43357MKJ8 Hitachi Capital America Corp. 1,995,952.78 1,827.78 79.44 1,997,860E0 240907004 LC-RCTC Toll Revenue:-I-15 912828L40 UNITED STATES TREASURY 2498,144.53 (2,500,000.00) 1,855.47 240907004 LC-RCTC Toll Revenue:-I-15 313385H25 FEDERAL HOME LOAN BANKS 7,033,133.77 (7,035,000.00) 1,866.23 240907004 LC-RCTC Toll Revenue:-I-15 912828XK1 UNITED STATES TREASURY 5,998,020.00 (6,000,000.00) 2,260.42 (280.42) 240907004 LC-RCTC Toll Revenue:-I-15 912796PQ6 UNITED STATES TREASURY 4,282,986.05 (4,285,000.00) 2,343.66 (329.71) 240907004 LC-RCTC Toll Revenue:-I-15 63743DH18 National Rural Utilities Cooperative Finance Corpo 1,397,588.89 (1,400,000.00) 2,411.11 240907004 LC-RCTC Toll Revenue:-I-15 97684HH95 Wisconsin Public Service Corporation 1,397,550.00 (1,400,000.00) 2,450.00 240907004 LC-RCTC Toll Revenue:-I-15 912828L40 UNITED STATES TREASURY 7,347,416.02 (7,350,000.00) 2,583.98 240907004 LC-RCTC Toll Revenue:-I-15 50000EJB1 Koch Industries, Inc. 1,397,277.78 (1,400,000.00) 2,722.22 240907004 LC-RCTC Toll Revenue:-I-15 912828RE2 UNITED STATES TREASURY 3,997280.00 (4,000,000.00) 2,723.21 (3.21) 240907004 LC-RCTC Toll Revenue:-I-15 26055BHM9 The Dow Chemical Company 1,397,228.00 (1,400,000.00) 2,772.00 240907004 LC-RCTC Toll Revenue:-I-15 69372BJA9 PACCAR Financial Corp. 1,997,197.78 (2,000,000.00) 2,802.22 240907004 LC-RCTC Toll Revenue:-I-15 43357MHX1 Hitachi Capital America Corp. 1,397,16695 (1,400,000.00) 2,833.05 240907004 LC-RCTC Toll Revenue:-I-15 62479MJ46 MUFG Bank, Ltd 1,997,111.12 (2,000,000.00) 2,888.88 240907004 LC-RCTC Toll Revenue:-I-15 17275RBG6 CISCO SYSTEMS INC 1,035,216.00 2,955.83 (1,884.83) 1,036287.00 449.17 240907004 LC-RCTC Toll Revenue:-I-15 26055B.JH8 The Dow Chemical Company 1,396,484.45 (1,400,000.00) 3,515.55 240907004 LC-RCTC Toll Revenue:-I-15 02665K1Q1 American Honda Finance Corporation 2,493,472.23 (2,500,000.00) 6,527.77 240907004 LC-RCTC Toll Revenue:-I-15 912828P53 UNITED STATES TREASURY 2,419,221.88 7,436.43 (1,249.51) 2,425,408.80 2,337.23 240907004 LC-RCTC Toll Revenue:-I-15 9128281'42 UNITED STATES TREASURY 4.991.210.94 (5.000.000.00) 8.789.06 240907004 LC-RCTC Toll Revenue: I-15 912828UF5 UNITED STATES TREASURY 3,626,740.00 86,599,976.00 282,248,058.34 (144,973,845.64) (141,165,000.00) (5,721,097.59) 11,970.30 1,981.56 80,801.52 (10,527.30) 3,628,183.00 64,136.39 75,534,87498 10,519.36 217,806.81 1240907020 RCTC 115 Pri RAMP UP RESERVE 240907020 RCTC I-15 Pj RAMP UP RESERVE 31283K5N4 FH C11753 3139216N4 FNR 0323B EQ 793.428.40 643,999.52 (143.773.25) (56,217.10) (7.548.461 (4.800.831 (4,440.66) (1,857.90) 2.871.93 (93.50) 640.177.79 581,390.36 2.619.86 2,553.50 240907020 RCTC 1-15 P j RAMP UP RESERVE 3137ANMN2 FHMS K707 A2 1,796,094.00 (635,122.77) 241.03 (1,19595) 2,764.15 1,162,780.46 2,155.02 240907020 RCTC I-15 Pj RAMP UP RESERVE 1240907020 RCTC I-15 Pn RAMP UP RESERVE 38378AWX5 GNR 11157E QA 38378DDC6 GNR 1216E GB 195,802.27 115.59322 (23,225.37) (17.675.49) (183.081 (119.451 (135.77) (114.09) (289.23) (325.37) 171,968.82 97.358.82 431.24 28327 240907020 RCTC I-15 Pj RAMP UP RESERVE 38378CDK0 GNR 11169G AK 135,814.13 (20,284.77) (142.70) (113.75) (67.41) 115,205.50 288.35 240907020 RCTC 1-15 Pj RAMP UP RESERVE 383742C76 GNR 0832B PA 94,712E3 (6,118.58) (143.06) (74.14) (344.10) 88,032.15 288.79 240907020 RCTC I-15 Pj RAMP UP RESERVE 31397SE83 FNR 1136C PA 37,582.62 (20,106.34) (16.46) (48.93) 64.41 17,475.31 58.27 240907020 RCTC 1-15 Pj RAMP UP RESERVE 3134GSTK1 FEDERAL HOME LOAN MORTGAGE CORP 150,075.00 (29.31) (44.19) 150,001.50 475.00 20 Page 17 of 32 illgRIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio Transaction Report by Account Quarter ended September 30, 2018 Source Beginning Base 1. Base Maturities and Base Base Change In Net Net Total Realized AmortizatloNAc Unrealized Ending Base Ending Accrued 240907020 RCTC I-15 Pj RAMP UP RESERVE 3620ARB67 GN 737261 240907020 RCTC I-15 P j RAMP UP RESERVE 240907020 RCTC I-15 Pj RAMP UP RESERVE 240907020 RCTC I-15 P j RAMP UP RESERVE 240907020 RCTC I-15 Pj RAMP UP RESERVE 3137A5FP4 FHA 3791 E DA 313788453 FHA 4305ACT 38375/02 GNR 0668 D 31398N2K9 FNR 10123B DL 34,966.49 76,930.34 153,308.28 35,454.88 33,497.25 240907020 RCTC I-15 P j RAMP UP RESERVE 240907020 RCTC I-15 Pj RAMP UP RESERVE 240907020 RCTC I-15 P j RAMP UP RESERVE 38377WL77 GNR 1194A AB 3130AEC17 FEDERAL HOME LOAN BANKS 3620A9WV9 GN 723460 16,784.70 26,060.92 350,150.50 (2,099.51) (6,734.68) (14,712.23) (4,053.23) (20,371.20) (5,834.26) (976.15) (49.65) (13.70) 172.51 (7.31) (26.22) 29.21 (21.17) (28.41) (23.91) (21.29) (18.62) (18.26) (15A8) (15.43) (15.33) (474.43) (170.65) 29.97 (29.81) 49.35 51.96 (1,122.07) (74.37) 32,314.50 69,987.41 138,777.24 31,345.90 13,130.92 20,292.35 349,013.00 15,697.69 05.62 14648 236.42 137.97 38.36 33.90 3,317.71 5128 240907020 RCTC I-15 Pj RAMP UP RESERVE 62888VAA6 NGN 10R1 IA 49,514.42 (4,511.97) (11.42) (13.72) (2.12) 44,975.20 78.78 240907020 RCTC I-15 Pj RAMP UP RESERVE 3137B3NW4 FHMS K031 Al 107,620.12 (10.87) 230.55 107,839.80 251.30 240907020 RCTC I-15 Pj RAMP UP RESERVE 3138NME8 FN FN0004 51,441.00 (2.87) (98.46) 51,339.66 153.36 240907020 RCTC I-15 Pj RAMP UP RESERVE 31846V203 - 34,894.31 4483,446.60 (4,291,243.35) 227,097.56 240907020 RCTC I-15 Pj RAMP UP RESERVE CCYUSD Receivable 712,293.75 300,000.00 240907020 RCTC I-15 Pj RAMP UP RESERVE 31418ASD1 FN MA1415 1,396.83 (121.25) 1.32 0.35 (4.85) 1272.41 2.17 240907020 RCTC I-15 Pj RAMP UP RESERVE 31381N7G2 FN 466295 90,876.24 11.68 (393.04) 90,494.88 246.73 240907020 RCTC I-15 Pj RAMP UP RESERVE 31418ASD1 FN MA1415 88,000.48 (7,638.50) 72.05 17.50 (289.48) 80,162.05 136.49 240907020 RCTC I-15 Pj RAMP UP RESERVE 912828VV9 UNITED STATES TREASURY 296,027.34 27.93 41.73 296,097.00 545.93 240907020 RCTC I-15 P j RAMP UP RESERVE 3137B IUF7 FHMS K027 Al 42,349.81 (2,469.05) 33.39 29.96 (60.88) 39,883.23 60.78 240907020 RCTC I-15 Pj RAMP UP RESERVE 3137ASR97 FHMS K020 Al 36,763.62 (2,326.01) 47.58 45.26 (10190) 34,428.55 46.30 240907020 RCTC I-15 P j RAMP UP RESERVE 3136AC714 FNA 13M6 2A 57,709.52 (11,936.51) 176.46 45.33 (213.98) 45,780.82 100.73 240907020 RCTC I-15 Pj RAMP UP RESERVE 3137AXHN6 FHMS K024 Al 84,490.33 (5,449.00) 68.43 61.51 (133.02) 79,038.26 117.84 240907020 RCTC I-15 P j RAMP UP RESERVE 912796PN3 UNITED STATES TREASURY 719,928.00 (720,000.00) 72.00 240907020 RCTC I-15 Pj RAMP UP RESERVE 38375KCX8 GNR 0726C MA 198,167.13 76A3 (155.85) 198,087.70 901.64 240907020 RCTC I-15 Pj RAMP UP RESERVE 3137B1U75 FHMS KS01 A2 117,396.00 240907020 RCTC I-15 Pj RAMP UP RESERVE 912828VA5 UNITED STATES TREASURY 240907020 RCTC I-15 Pj RAMP UP RESERVE 912828L40 UNITED STATES TREASURY 101.37 (702.57) 116,794.80 25220 161,010.35 155.43 (368.33) 160,797.45 776.80 374,838.87 (375,000.00) 161.13 240907020 RCTC I-15 Pj RAMP UP RESERVE 3136A96F0 FNA 12M17 A2 72,495.00 168.71 (412.46) 72,251.25 136.50 240907020 RCTC I-15 Pj RAMP UP RESERVE 912828L40 UNITED STATES TREASURY 474,777.34 (174,938.48) (300 000.00) (8.44) 169.58 240907020 RCTC I-15 Pj RAMP UP RESERVE 912828RE2 UNITED STATES TREASURY 394,783.98 (395,000.00) 216.02 240907020 RCTC I-15 P j RAMP UP RESERVE 313385C38 FEDERAL HOME LOAN BANKS 299,733.67 (300,000.00) 266.33 240907020 RCTC I-15 Pj RAMP UP RESERVE 912828XK1 UNITED STATES TREASURY 709,765.70 (710,000.00) 267A8 (33.18) 240907020 RCTC I-15 P j RAMP UP RESERVE 9128281358 UNITED STATES TREASURY 316,212.50 343.16 (1,829.26) 314,726.40 1,145.65 240907020 RCTC I-15 Pj RAMP UP RESERVE 912828T42 UNITED STATES TREASURY 299,554.69 (300,000.00) 445.31 240907020 RCTC I-15 P j RAMP UP RESERVE 912828UF5 UNITED STATES TREASURY 186,238.00 451.66 (377.56) 186,312.10 540.18 240907020 RCTC I-15 Pj RAMP UP RESERVE 912828VV9 UNITED STATES TREASURY 470,658.50 497.65 (2,335.90) 468,820.25 864.38 240907020 RCTC I-15 Pj RAMP UP RESERVE 912828SA9 UNITED STATES TREASURY 76,151.76 507.65 (649.80) 76,009.62 20.65 240907020 RCTC I-15 Pj RAMP UP RESERVE 912828SA9 UNITED STATES TREASURY 76,151.76 513.68 (655.82) 76,009.62 20.65 240907020 RCTC I-15 P j RAMP UP RESERVE 912828UHI UNITED STATES TREASURY 79,571.67 538.46 (841.90) 79,268.23 21.69 240907020 RCTC I-15 Pj RAMP UP RESERVE 912828P53 UNITED STATES TREASURY 237,956.25 731.45 (122.90) 238,564.80 229.89 240907020 RCTC I-15 P i RAMP UP RESERVE 912828UF5 UNITED STATES TREASURY 240907020 RCTC I-15 Pj RAMP UP RESERVE 912828SA9 UNITED STATES TREASURY 240907020 RCTC I-15 P j RAMP UP RESERVE 912828VA5 UNITED STATES TREASURY 240,149.00 163,182.35 487,560.00 792.63 1,040.80 1,656.17 (697.08) (1,345.39) (1,951.17) 240,244.55 162,877.76 487,265.00 696.55 4425 2,353.94 7,950,700.95 9,032,660.50 (4,466,181.83) 245490001 LC-RCTC 2017 PRI: Sales Tax 245490001 LC-RCTC 2017 PRJ: Sales Tax 9AMMF05B2 U.S. BANK MONEY MARKET ACCOUNT FUND CCYUSD Cash 17,568.39 0.03 14,617,398:53 (14,634,006:19) (3,100,000.00) (1,011,757.22) (11,889.79) 857.78 (10,70797) 7,971,388.66 22,966.94 960.73 245490001 LC-RCTC 2017 PRI: Sales Tax CCYUSD Receivable 778,093.18 245490001 LC-RCTC 2017 PRJ: Sales Tax 31398NG99 FNR 10112H AE 0.01 (0.01) 245490001 LC-RCTC 2017 PRI: Sales Tax 54438CWT5 LOS ANGELES CALIF CMNTY COLLEGE DIST 274,903.75 (275,000.00) 96.25 245490001 LC-RCTC 2017 PRJ: Sales Tax 41284CAD6 HDMOT 152 A3 874.44 (874.87) (0.00) 0.19 0.24 245490001 LC-RCTC 2017 PRI: Sales Tax 65477UAC4 NAROT 15A A3 18,089.21 (18,109.30) 7.33 2.71 10.05 245490001 LC-RCTC 2017 PRJ: Sales Tax 313589YV9 FEDERAL NATIONAL MORTGAGE ASSOCIATION 300,000.00 (300,000.00) 15.01 (15.01) 245490001 LC-RCTC 2017 PRI: Sales Tax 313589A45 FEDERAL NATIONAL MORTGAGE ASSOCIATION 324,983.93 (325,000.00) 16.07 245490001 LC-RCTC 2017 PRJ: Sales Tax 43814LAC3 HAROT 154 A3 52,724.81 (26,544.15) (26,341.69) 21.57 18.39 121.07 245490001 LC-RCTC 2017 PRI: Sales Tax 90290XAD9 USAOT 151 A4 166,536.45 (134,170.18) (32,516.07) 332.76 47.17 (230.12) 245490001 LC-RCTC 2017 PRJ: Sales Tax 313385ZE9 FEDERAL HOME LOAN BANKS 599,939.33 (600,000.00) 60.67 245490001 LC-RCTC 2017 PRI: Sales Tax 313385ZG4 FEDERAL HOME LOAN BANKS 399,939.00 (400,000.00) 61.00 245490001 LC-RCTC 2017 PRJ: Sales Tax 313385ZU3 FEDERAL HOME LOAN BANKS 599,939.00 (600,000.00) 61.00 245490001 LC-RCTC 2017 PRI: Sales Tax 245490001 LC-RCTC 2017 PRJ: Sales Tax 245490001 LC-RCTC 2017 PRI: Sales Tax 245490001 LC-RCTC 2017 PRJ: Sales Tax 313385ZG4 FEDERAL HOME LOAN BANKS 313385ZL3 FEDERAL HOME LOAN BANKS 313385ZM1 FEDERAL HOME LOAN BANKS 313385ZM1 FEDERAL HOME LOAN BANKS 299,938.67 349 930.78 249,924.79 299,922.92 (300,000.00) (350 000.00) (250,000.00) (300,000.00) 61.33 69.22 75.21 77.08 245490001 LC-RCTC 2017 PRI: Sales Tax 313385ZK5 FEDERAL HOME LOAN BANKS 299,910.00 (300.000.00) 90.00 245490001 LC-RCTC 2017 PRJ: Sales Tax 313385YZ3 FEDERAL HOME LOAN BANKS 599,907.50 (600,000.00) 92.50 245490001 LC-RCTC 2017 PRI: Sales Tax 313385ZL3 FEDERAL HOME LOAN BANKS 400,897.52 (401.000.00) 102.48 245490001 LC-RCTC 2017 PRJ: Sales Tax 313385ZP4 FEDERAL HOME LOAN BANKS 699,895.88 (700,000.00) 104.12 245490001 LC-RCTC 2017 PRI: Sales Tax 912796PN3 UNITED STATES TREASURY 649.909.00 (650.000.00) 128.05 (37.05) 245490001 LC-RCTC 2017 PRJ: Sales Tax 313385ZT6 FEDERAL HOME LOAN BANKS 699,858.83 (700,000.00) 141.17 245490001 LC-RCTC 2017 PRI: Sales Tax 313385ZD1 FEDERAL HOME LOAN BANKS 399.855.33 (400.000.00) 144.67 245490001 LC-RCTC 2017 PRJ: Sales Tax 313385ZS8 FEDERAL HOME LOAN BANKS 599,847.50 (600,000.00) 152.50 245490001 LC-RCTC 2017 PRI: Sales Tax 912828XK1 UNITED STATES TREASURY 544.820.15 (545.000.00) 204.91 (25.06) 245490001 LC-RCTC 2017 PRJ: Sales Tax 912796MK2 UNITED STATES TREASURY 849,704.15 (850,000.00) 295.85 245490001 LC-RCTC 2017 PRI: Sales Tax 313385A30 FEDERAL HOME LOAN BANKS 799,669.34 (800.000.00) 330.66 245490001 LC-RCTC 2017 PRJ: Sales Tax 912796PR4 UNITED STATES TREASURY 849,612.72 (850,000.00) 387.28 245490001 LC-RCTC 2017 PRI: Sales Tax 313385A48 FEDERAL HOME LOAN BANKS 1,149,584.08 (1.150.000.001 415.92 245490001 LC-RCTC 2017 PRJ: Sales Tax 912796PQ6 UNITED STATES TREASURY 839,605.20 - - (840,000.00) 245490001 LC-RCTC 2017 PRI: Sales Tax 912796PS2 UNITED STATES TREASURY 849A14.92 (850,000.00) 3,643,124.61 25,940,074.72 (14,794,720.521 (13,936,000.001 423.50 (28.70) 585.08 (77,84192) 361.65 4,163.73 (108.33) 960.73 98,193,801.56 317,220,793.56 (164,234,747.99) (158,201,000.00) (6,810,696.73) (9,54638) 85,823.03 53,320.09 83,507,22437 240,773.75 21 Page 18 of 32 FirRIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio Summary of Investments for quarter ended September 30, 2018 ATTACHMENT 11 • Base Market Value + Accrued Credit Rating 40, 000.000 30,000,000 20,000,000 10,000,000 _ ■■_ ■ I AAA AA, AA r AA- A+ A I A- BBB. r A-1+ r A-2 Other 1 Asset Class Money Market Funds Cash I5.ZSSLiS) Fired Income [93.683%] Chart calculated 6y: Base Market Value + Accrued Industry Group Other [30.52%] Credit Card ABS (4.783t6] Commercial M63 (5.335%) US _ Hun lclpalf [5.924%] casn (6.417%) Banks (25.OS6%) 'Sovereign (11.17a%] Diversified Fine se, [t 0.758%1 Chan calculated 6y: Baae Market Value + Accrued Security Type Other (14.267%) FHLMC CM° (3.918%) VRON (4.251rf.1 —� CASH (S.2t16%) US GOV p ri.197%] ABS (11.363%) �`CORP 00.051 %j \ CP [20.155%] Chart calculaled 6y: Base Market Value + Accrued Market Secto Other 14.92.170 Municipal [5.924Y � Casil [9.417%] Mortgage Backed (9.279%] I AYaet Backed (11.353%) GOVernnlsRS (12.028%) -Financial (35.843%) Industrial (14.225%1 Chart calculated 6y: Base Market Value + Accrued 22 RIFRIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio Sales Tax Revenue Fund Summary of Investments for quarter ended September 30, 2018 ATTACHMENT 12 1,250 'i 1.000 U U Q w 750 7 y 500 m m 250 N m 0 Credit Rating NA Asset Class • l Money Market Funds(100%) Chart calculated hy: Base Markel Value + Accrued Industry Group 410 Cash (100%) Chart calculated by: Base Markel Value. Accrued Security Type M ■1 FUND (100%) Chart calculated hy: Base Markel Value + Accrued Market Sector Cash [100%) Chart calculated by: Base Market Value + AGtrued 23 IVRIVERSIDE COUNTY TRANSPORTATION COMMISSION ATTACHMENT 13 2017 Financing STAMP Portfolio Sales Tax 115 ELP Project Revenue Fund Summary of Investments for quarter ended September 30, 2018 Credit Rating 30,000,000 25,000,000 Q 20,000.000 ,35 as 15,000,000 m @ 10,000,000 • 5,000,000 AAA 1 AA-1- AA AA- 1 A+ A A- 1 BBB+ A-7+ A-2 1 Asset Class Money Market Funus (0,940%) Cash (6.017%) Flied Income (93.035%) Chart calculated by: Base Market Value + ACcnied Industry Group Other (28.96311/ ] Auto Lease Loans 14.583%) Credit Card ARS(5288%)� VS �- Munleipels (6.54954a) Cash (6.995%) Banks (27,735%] 'Diversified Flnan Sere (11.591%) Sovereign (8.0(6%) Chart ralculaied by: Base Market Value + Accrued Security Type co (2140%) VRDN (4.7%) CASH (6.017%) LS GOV (6.696%) ABS (12.502%) Other (9.9%) \ 'CP (22.283%) -CORP 133.986%1 Chart calculated by: Base Market Value + Accrued Market Sector Other (4.1116%) uuuey (4.779%)-- Municipal_ (6.549%) Cash (6.96556] Government (9.607'.6) Asset Backed (12.562%) Financial (39.626%) Industrial (10.727%) Chart calculated by: Bate Market Valua + AC -Cued 24 rirRIVERSIDE COUNTY TRANSPORTATION COMMISSION 2017 Financing STAMP Portfolio Ramp Up Fund Summary of Investments for quarter ended September 30, 2018 Credit Rating 10,000,000 78 8,o0o,o00 U Q 6,000,000 ro 4,000,000 co m 2,000,000 @H m Asset Class Money Market Funds (2.84%) Cash 0.825%] Fused Income (96.785%) Chart calculated by: Base Market Value + ACcnied `Negative cash reflects securities in transit at month end ATTACHMENT 14 Industry Group Other (0.602%) Cash (1.215:6 Agency Collar PAC CMO (1.44%) FNMA Collateral (2.799%) FGLMC Collateral (6.039%) Agency Collar CMO (21.067%) Commercial MBS (23.011 %) 'Sovereign (41.2359,4 Chart ralculeled by: Base Market Value + Accrued Security Type Other (11.916%) FNMA (3.482%] AGCY BONO-- Ie.206%f FGLMC (8-039%I FNMA CMO (8.633%j 'US GOV (30.016%) FIILMC CMO (16.635%) GNMA CMO (11.079%) Chart calculated by: Base Market Value + Accrued Market Sector Agency (6.266%) Government (34.947%) Ceah 0.215W 1 —Mortgage Backed'.(57.55%) Chart calculated by: Bess Market Value + ACCrued 25 PirRIVERSIDE COUNTY TRANSPORTATION COMMISSION Payden & Rygel Operating Portfolio b Investment Cate • o for Quarter ended Se • tember 30, 2018 ATTACHMENT 15 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM CUSIP Security Type Category Issuer Next Call Base Market Unrealized Accrued Credit Final Maturity Trade Date Date Original Cost Value Gain/Loss Income Coupon Yield Rating 3133EH2J1 Agencies 3133EHRD7 Agencies FFCB 2.141%12/11/20 12/11/2020 12/11/2017 510,000.00 510,030.60 30.60 588.57 2.140 2.141 AA+ AA+ F F C B DEB 2.22794 % 7/13/22 07/13/2022 07/13/2017 310,000.00 310,387.50 387.50 332.83 2.230 2.227 3133EHRZ8 Agencies F F C B DEB 2.06475% 6/25/20 06/25/2020 07/25/2017 510,000.00 510,260.10 260.10 175.50 2.220 2.064 AA+ 3133EHTJ2 Agencies F F C B DEB 2.326% 8/01/22 08/01/2022 08/01/2017 230,000.00 230,200.10 200.10 416.64 2.170 2.326 AA+ 3133EHVR1 Agencies F F C B DEB 2.22219% 8/24/20 08/24/2020 08/24/2017 130,000.00 130,097.50 97.50 52.48 2.220 2.221 AA+ 3133EHXH1 Agencies F F C B 2.20031 % 9/06/22 09/06/2022 09/06/2017 260,000.00 260,135.20 135.20 390.03 2.200 2.199 AA+ 3133EJZD4 Agencies F F C B DEB 2.960% 9/13/21 09/13/2021 09/13/2018 12/13/2018 258,921.00 259,123.80 202.80 384.80 2.960 2.974 AA+ 3134GBTL6 Agencies F H L M C M T N 2.100% 6/29/22 06/29/2022 06/29/2017 12/29/2018 484,720.00 481,910.00 (2,810.00) 2,683.33 2.100 2.183 AA+ 3134GSWC5 Agencies F H L M C M T N 2.900% 8/27/21 08/27/2021 08/27/2018 11/27/2018 510,000.00 507,577.50 (2,422.50) 1,396.83 2.900 2.919 AA+ 3135GOT29 Agencies F N M A DEB 1.500 % 2/28/20 02/28/2020 02/28/2017 299,808.00 294,870.00 (4,938.00) 412.50 1.500 1.526 AA+ 3136G4SW4 Agencies F N M A M T N 2.900% 6/28/21 06/28/2021 06/28/2018 12/28/2018 259,870.00 258,125.40 (1,744.60) 1,947.83 2.900 2.916 AA+ 3137EAEL9 Agencies F H L M C M T N 2.375% 2/16/21 02/16/2021 02/16/2018 508,653.60 504,135.00 (4,518.60) 1,514.06 2.380 2.408 AA+ 02582JHG8 Asset -Backed AMERICAN EXPRESS 1.640% 12/15/21 12/15/2021 05/30/2017 419,932.72 417,337.20 (2,595.52) 306.13 1.640 1.650 AAA 05582QAD9 Asset -Backed BMW VEHICLE OWNER 1.160% 11/25/20 11/25/2020 07/20/2016 287,565.82 285,597.28 (1,968.54) 55.60 1.160 1.168 N/A 05584PAD9 Asset -Backed BMW VEHICLE LEASE 2.070% 10/20/20 10/20/2020 10/25/2017 99,999.92 99,107.00 (892.92) 63.25 2.070 2.089 N/A 161571HC1 Asset -Backed CHASE ISSUANCE TRUST 1.370% 6/15/21 06/15/2021 06/17/2016 750,013.80 742,845.00 (7,168.80) 456.67 1.370 1.383 AAA 17305EGA7 Asset -Backed CITIBANK CREDIT CARD 1.740% 1/19/21 01/19/2021 01/26/2017 379,927.23 379,164.00 (763.23) 1,359.13 1.740 1.743 AAA 17305EGB5 Asset -Backed CITIBANK CREDIT 1.920% 4/07/22 04/07/2022 04/11/2017 229,933.74 226,366.00 (3,567.74) 2,134.40 1.920 1.953 AAA 31846V203 Asset -Backed FIRST AM GOVT OB FD CL Y 1,234,510.52 1,234,510.52 - 435.01 1.790 1.778 45750TAG8 Asset -Backed INLAND VLY CA DEV 3.627% 3/01/20 03/01/2020 05/15/2014 232,268.07 232,219.50 (48.57) 695.18 1.780 3.596 AA 54473ERQ9 Asset -Backed LOS ANGELES CNTY CA 2.036% 12/01/18 12/01/2018 09/02/2015 i 50,000.00 49,961.50 (38.50) 339.33 1.790 2.037 AA 649791EV8 Asset -Backed NEW YORK ST SER B 3.600% 2/15/19 02/15/2019 03/30/2011 252,392.65 250,945.00 (1,447.65) 1,150.00 2.050 3.590 AA+ 79876CBQ0 Asset -Backed SAN MARCOS CA REDEV 2.000% 10/01/20 10/01/2020 12/14/2017= 109,256.40 107,449.10 (1,807.30) 1,100.00 1.770 2.048 AA- 88579YBA8 Asset -Backed 3M COMPANY MTN 3.000 % 9/14/21 09/14/2021 09/14/2018 08/14/2021 249,487.50 249,575.00 87.50 354.17 1.760 3.010 AA- 89190BAD0 Asset -Backed TOYOTA AUTO 1.760% 7/15/21 07/15/2021 05/17/2017= 519,960.12 514,217.60 (5,742.52) 406.76 1.730 1.782 AAA 89238MAD0 Asset -Backed TOYOTA AUTO 1.730% 2/16/21 02/16/2021 03/15/2017 375,955.74 373,337.92 (2,617.82) 289.10 1.700 1.743 AAA 037833BS8 Credit APPLE INC 2.250% 2/23/21 02/23/2021 02/23/2016 01/23/2021 495,675.00 491,090.00 (4,585.00) 1,187.50 2.250 2.299 AA+ 037833CS7 Credit APPLE INC 1.800% 5/11/20 05/11/2020 05/11/2017 484,505.30 476,881.10 (7,624.20) 3,395.00 1.800 1.832 AA+ 053015AD5 Credit AUTOMATIC DATA 2.250% 9/15/20 09/15/2020 09/15/2015 08/15/2020 453,997.38 444,262.50 (9,734.88) 450.00 2.250 2.284 AA 06050TMH2 Credit BANK OF AMERICA NA 25.6138 % 8/28/20 08/28/2020 08/28/2018 08/28/2019 410,000.00 410,188.60 188.60 2.560 25.596 A+ 06406FAA1 Credit BANK OF NY MTN 2.500% 4/15/21 04/15/2021 02/19/2016 03/15/2021 758,499.79 736,410.00 (22,089.79) 8,645.83 2.500 2.552 A 06406HBM0 Credit BANK NY MELLON MTN 5.450% 5/15/19 05/15/2019 05/12/2009 250,647.01 246,058.34 (4,588.67) 4,982.51 5.450 5.373 A 084664CK5 Credit BERKSHIRE HATHAWAY 1.300% 8/15/19 08/15/2019 08/15/2016 159,844.80 158,070.40 (1,774.40) 265.78 1.300 1.315 AA 084670BQ0 Credit BERKSHIREHATHAWAY 2.200% 3/15/21 03/15/2021 03/15/2016 02/15/2021 466,436.01 461,834.34 (4,601.67) 460.53 2.200 2.247 AA 166764AN0 Credit CHEVRON CORP 2.193% 11/15/19 11/15/2019 11/18/2014 502,883.11 496,440.00 (6,443.11) 4,142.33 2.190 2.211 AA- 166764AU4 Credit CHEVRON CORP 2.91461 % 3/03/22 03/03/2022 03/03/2015 504,383.40 505,785.00 1,401.60 1,133.46 2.850 2.882 AA- 17275RAE2 Credit CISCO SYSTEMS INC 4.950% 2/15/19 02/15/2019 02/17/2009 365,931.86 363,117.60 (2,814.26) 2,277.00 4.950 4.917 AA- 17275RAX0 Credit CISCO SYSTEMS INC 2.450% 6/15/20 06/15/2020 06/17/2015 599,952.00 595,242.00 (4,710.00) 4,328.33 2.450 2.473 AA- 17275RBG6 Credit CISCO SYSTEMS INC 1.400% 9/20/19 09/20/2019 09/20/2016 39,955.60 39,477.60 (478.00) 17.11 1.400 1.419 AA- 30231GAV4 Credit EXXON MOBIL 2.222% 3/01/21 03/01/2021 03/03/2016 02/01/2021 495,685.00 490,065.00 (5,620.00) 925.83 2.220 2.271 AA+ 47787XAC1 Credit JOHN DEERE OWNER 1.780% 4/15/21 04/15/2021 03/02/2017 309,955.86 307,594.40 (2,361.46) 245.24 1.950 1.794 N/A 478160CH5 Credit JOHNSON JOHNSON 1.950% 11/10/20 11/10/2020 11/10/2017 249,732.50 244,947.50 (4,785.00) 1,909.38 2.960 1.990 AAA 58769DAD2 Credit MERCEDES BENZ AUTO 1.790% 4/15/20 04/15/2020 04/26/2017 369,991.56 368,483.00 (1,508.56) 294.36 5.000 1.797 AAA 589331AN7 Credit MERCKCOINC 5.000% 6/30/19 06/30/2019 06/25/2009 516,323.34 509,025.00 (7,298.34) 6,319.44 1.850 4.930 AA 702282ND2 Credit PASADENA CA UNIF 1.861% 11/01/18 11/01/2018 03/20/2014 T 250,305.29 249,857.50 (447.79) 1,938.54 1.450 1.861 A+ 717081DU4 Credit PFIZER INC 1.450% 6/03/19 06/03/2019 06/03/2016 249,715.00 247,970.00 (1,745.00) 1,188.19 3.000 1.462 AA 717081EM1 Credit PFIZER INC 3.000% 9/15/21 09/15/2021 09/07/2018 249,662.50 249,945.00 282.50 500.00 1.750 3.011 AA 80284TAF2 Credit SANTANDER DRIVE 1.770% 9/15/20 09/15/2020 02/28/2017 50,146.82 50,106.05 (40.77) 39.45 2.550 1.771 AAA 882723UC1 Credit TEXAS ST REF WTR 2.036% 8/01/20 08/01/2020 02/05/2015 251,154.41 246,245.00 (4,909.41) 848.33 3.000 2.068 AAA 90290AAC1 Credit USAA AUTO OWNER 1.700% 5/17/21 05/17/2021 09/20/2017 139,985.24 138,776.40 (1,208.84) 105.78 2.050 1.715 AAA 90331 HNG4 Credit US BANK NA MTN 2.050% 10/23/20 10/23/2020 10/24/2017 09/23/2020 249,950.00 244,847.50 (5,102.50) 2,249.31 2.350 2.100 AA- 90331HNJ8 Credit US BANK NA MTN 2.350% 1/23/20 01/23/2020 01/23/2018 12/23/2019 254,885.25 252,896.25 (1,989.00) 1,131.92 2.980 2.372 AA- 931142DY6 Credit WALMART STORES INC 1.750% 10/09/19 10/09/2019 10/20/2017 . 294,994.10 292,339.10 (2,655.00) 2,466.53 1.750 1.767 AA 931142EA7 Credit WALMART STORES INC 1.900 % 12/15/20 12/15/2020 10/20/2017 489,760.00 489,360.00 (400.00) 2,797.22 1.900 1.947 AA 931142EJ8 Credit WALMART INC 3.125% 6/23/21 06/23/2021 06/27/2018 129,993.50 130,261.30 267.80 1,060.76 3.130 3.126 AA 94988J5D5 Credit WELLS FARGO BANK MTN 1.750% 5/24/19 05/24/2019 06/02/2016 503,793.05 501,879.10 (1,913.95) 3,117.67 1.750 1.762 A+ 94988J5Q6 Credit WELLS FARGO MTN 2.84706% 7/23/21 07/23/2021 07/23/2018 07/23/2020 500,000.00 501,205.00 1,205.00 2,767.98 2.850 2.845 A+ 3136131XP4 Mortgage -Backed F N M A GTD REMIC 3.560% 9/25/21 09/25/2021 04/01/2018 211,342.15 209,660.88 (1,681.27) 616.18 3.560 3.534 N/A 3137BNN26 Mortgage -Backed F H L M C MLTCL MTG 1.780% 7/25/19 07/25/2019 04/01/2016 31,156.74 30,846.43 (310.31) 46.10 1.780 1.793 N/A 3137BPCF4 Mortgage -Backed F H L M C MLTCL MTG 1.376 % 10/25/20 10/25/2020 05/01/2016 62,939.60 62,663.79 (275.81) 14.43 1.380 1.381 N/A 3137FGZN8 Mortgage -Backed F H L M C MLTCL 3.19393% 2/25/23 02/25/2023 08/14/2018 235,500.22 235,500.22 - 125.36 2.310 3.194 N/A 26 PirRIVERSIDE COUNTY TRANSPORTATION COMMISSION Payden & Rygel Operating Portfolio b Investment Cate • o for Quarter ended Se • tember 30, 2018 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Next Call Base Market Unrealized Accrued Credit CUS1P Security Type Category Issuer Final Maturity Trade Date Date Original Cost Value Gain/Loss Income Coupon Yield Rating 010831 DL6 Taxable Muni ALAMEDA CNTY CA JT 2.485 % 6/01/19 06/01/2019 04/24/2018 260,000.00 259,584.00 (416.00) 2,153.67 2.490 2.490 AA+ 010831DN2 Taxable Muni ALAMEDA CNTY CA JT 2.866% 6/01/21 06/01/2021 04/24/2018 255,000.00 253,059.45 (1,940.55) 2,436.10 2.870 2.895 AA+ 13063BFS6 Taxable Muni CALIFORNIA ST BUILD 6.650% 3/01/22 03/01/2022 04/01/2010 481,875.84 463,679.25 (18,196.59) 2,355.21 6.650 6.073 AA- 13063C4V9 Taxable Muni CALIFORNIA ST 1.050% 11/01/18 11/01/2018 11/03/2016 149,887.50 149,838.00 (49.50) 656.25 1.050 1.050 AA- 13063DAB4 Taxable Muni CALIFORNIA ST HIGH 1.593% 4/01/19 04/01/2019 04/27/2017 350,020.28 348,082.00 (1,938.28) 2,787.75 1.590 1.600 AA- 13063DGA0 Taxable Muni CALIFORNIA ST 2.800% 4/01/21 04/01/2021 04/25/2018 500,020.00 498,340.00 (1,680.00) 6,066.67 2.800 2.824 AA- 13066YTY5 Taxable Muni CALIFORNIA ST DEPT 1.713% 5/01/21 05/01/2021 09/28/2016 105,052.47 102,875.93 (2,176.54) 757.44 1.710 1.768 AA 13077CT38 Taxable Muni CALIFORNIA ST 1.982% 11/01/19 11/01/2019 08/05/2015 130,329.23 128,593.40 (1,735.83) 1,073.58 1.980 2.003 AA- 43814PAC4 Taxable Muni HONDA AUTO 1.790% 9/20/21 09/20/2021 09/29/2017 149,983.76 147,861.00 (2,122.76) 96.96 3.630 1.817 AAA 48125LRJ3 Taxable Muni JP MORGAN MTN 2.92506% 9/23/19 43731 42636 848,631.79 848,810.95 179.16 549.26 1.750 2.915 A+ 544445AY5 Taxable Muni LOS ANGELES CA DEPT 1.750% 5/15/19 05/15/2019 12/06/2016 100,000.00 99,507.00 (493.00) 661.11 2.090 1.758 AA 544445AZ2 Taxable Muni LOS ANGELES CA DEPT 2.092 % 5/15/20 05/15/2020 12/06/2016 98,788.00 98,647.00 (141.00) 790.31 1.130 2.121 AA 54465AGK2 Taxable Muni LOS ANGELES CA 1.125% 9/01/19 09/01/2019 08/25/2016 266,868.00 266,093.10 (774.90) 253.13 2.040 1.141 AA 594918BV5 Taxable Muni MICROSOFT CORP 1.850% 2/06/20 02/06/2020 02/06/2017 499,665.00 493,935.00 (5,730.00) 1,413.19 3.380 1.873 AAA 6055806F1 Taxable Muni MISSISSIPPI ST SER D 3.381% 11/01/18 11/01/2018 11/10/2010 100,942.57 100,079.00 (863.57) 1,408.75 3.600 3.381 AA 649791EJ5 Taxable Muni NEW YORK ST REF SER 3.600% 9/01/19 09/01/2019 03/30/2011 509,729.38 503,130.00 (6,599.38) 1,500.00 3.600 3.581 AA+ 65479BAD2 Taxable Muni NISSAN AUTO LEASE 2.050% 9/15/20 09/15/2020 10/10/2017 219,961.57 218,167.40 (1,794.17) 200.44 2.290 2.067 N/A 697379UD5 Taxable Muni PALO ALTO CA 2.291 % 8/01/20 08/01/2020 08/14/2012 321,873.50 321,243.00 (630.50) 1,240.96 1.860 2.319 AAA 742718EZ8 Taxable Muni PROCTER GAMBLE CO 1.750% 10/25/19 10/25/2019 10/25/2017 149,947.50 148,450.50 (1,497.00) 1,137.50 2.710 1.770 AA- 78607QAT2 Taxable Muni SACRAMENTO CA 2.712% 11/01/19 11/01/2019 05/30/2018 130,000.00 129,649.00 (351.00) 1,184.99 2.700 2.720 AA+ 797299LR3 Taxable Muni SAN DIEGO CA PUBLIC 2.698% 10/15/19 10/15/2019 06/21/2018 500,000.00 498,765.00 (1,235.00) 3,747.22 2.990 2.705 AA- 797299LT9 Taxable Muni SAN DIEGO CA PUBLIC 2.994% 10/15/21 10/15/2021 06/21/2018 200,000.00 198,044.00 (1,956.00) 1,663.33 2.170 3.028 AA- 797669XT0 Taxable Muni SAN FRANCISCO CA 2.169% 7/01/20 07/01/2020 12/28/2017 100,000.00 98,814.00 (1,186.00) 542.25 2.000 2.196 AA+ 79770GGM2 Taxable Muni SAN FRANCISCO CITY 2.000% 8/01/20 08/01/2020 11/30/2017 299,607.00 294,723.00 (4,884.00) 1,000.00 2.100 2.036 AA- 798170AB2 Taxable Muni SAN JOSE CA 2.098% 8/01/19 08/01/2019 12/21/2017 320,000.00 318,275.20 (1,724.80) 1,118.93 2.260 2.110 AA 798170AC0 Taxable Muni SAN JOSE CA REDEV 2.259% 8/01/20 08/01/2020 12/21/2017 190,000.00 187,695.30 (2,304.70) 715.35 2.000 2.288 AA 857477AS2 Taxable Muni STATE STREET CORP 2.550% 8/18/20 08/18/2020 08/18/2015 793,939.50 781,924.52 (12,014.98) 2,400.12 2.040 2.577 A 91412G2R5 Taxable Muni UNIV OF CALIFORNIA 1.877% 5/15/20 05/15/2020 09/28/2017 90,000.00 88,436.70 (1,563.30) 638.18 1.880 1.910 AA- 91412G2S3 Taxable Muni UNIV OF CALIFORNIA 2.112 % 5/15/21 05/15/2021 09/28/2017 140,000.00 136,325.00 (3,675.00) 1,117.01 2.110 2.171 AA- 91412GD36 Taxable Muni UNIV OF CA 1.169% 5/15/19 05/15/2019 04/20/2016 140,000.00 138,770.80 (1,229.20) 618.27 1.170 1.179 AA 91412GWV3 Taxable Muni UNIV OF CA 2.003% 5/15/19 05/15/2019 03/25/2015 250,000.00 249,077.50 (922.50) 1,891.72 2.000 2.010 AA 91159HHQ6 Treasuries US BANCORP MTN 2.98156% 1/24/22 01/24/2022 01/24/2017 12/23/2021 504,139.09 504,385.00 245.91 2,857.33 1.500 2.956 A+ 912828202 Treasuries U S TREASURY NT 1.500% 8/15/20 08/15/2020 08/15/2017 1,457,105.41 1,423,372.50 (33,732.91) 2,793.18 2.000 1.537 N/A 9128283S7 Treasuries U S TREASURY NT 2.000% 1/31/20 01/31/2020 01/31/2018 1,536,510.93 1,525,323.80 (11,187.14) 5,189.13 2.250 2.020 N/A 9128284C1 Treasuries U S TREASURY NT 2.250% 3/31/20 03/31/2020 04/02/2018 1,659,092.19 1,647,483.60 (11,608.59) 18,473.69 2.380 2.268 N/A 9128284J6 Treasuries U S TREASURY NT 2.375 % 4/30/20 04/30/2020 04/30/2018 2,287,937.69 2,280,564.45 (7,373.24) 22,809.68 2.380 2.391 N/A 9128284P2 Treasuries U S TREASURY NT 2.625% 5/15/21 05/15/2021 05/15/2018 1,277,916.02 1,271,948.80 (5,967.22) 12,691.30 2.630 2.645 N/A 912828400 Treasuries U S TREASURY NT 2.500% 5/31/20 05/31/2020 05/31/2018 509,741.02 507,567.30 (2,173.72) 4,284.84 2.500 2.514 N/A 9128284T4 Treasuries U S TREASURY NT 2.625% 6/15/21 06/15/2021 06/15/2018 639,675.00 635,750.40 (3,924.60) 4,957.38 2.630 2.646 N/A 9128284W7 Treasuries U S TREASURY NT 2.750% 8/15/21 08/15/2021 08/15/2018 1,937,973.44 1,927,821.15 (10,152.29) 6,796.16 2.750 2.765 N/A 9128284Y3 Treasuries U S TREASURY NT 2.625% 8/31/20 08/31/2020 08/31/2018 6,671,143.75 6,656,018.80 (15,124.95) 14,771.33 2.630 2.637 N/A 9128285A4 Treasuries U S TREASURY NT 2.750 % 9/15/21 09/15/2021 09/15/2018 507,948.05 508,067.10 119.05 619.89 2.750 2.765 N/A 912828XY1 Treasuries U S TREASURY NT 2.500% 6/30/20 06/30/2020 06/30/2018 769,187.89 766,026.80 (3,161.09) 4,864.81 2.500 2.515 N/A 912828Y20 Treasuries U S TREASURY NT 2.625% 7/15/21 07/15/2021 07/16/2018 249,619.14 248,272.50 (1,346.64) 1,373.13 2.630 2.647 N/A 912828Y46 Treasuries U S TREASURY NT 2.625% 7/31/20 07/31/2020 07/31/2018 1,828,355.86 1,823,997.60 (4,358.26) 8,093.27 2.630 2.636 N/A 51,541,328.59 51,195,893.02 (345,435.58) 236,184.28 15111Pr RIVERSIDE COUNTY TRANSPORTATION COMMISSION Payden & Rygel Operating Portfolio Transaction Report Quarter ended September 30, 2018 ATTACHMENT 16 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Settlement Date Trade Date Date CUSIP Description Units Miscellaneous Price Commissions SEC Fees Fees Net Cash Amount Amount Short Term Federal Tax Cost Gain/Loss Amount Long Term Gain/Loss Amount INTEREST EARNED ON F F C B DEB 2.05246% 8/01/22 $1 PV ON 230000.0000 7/2/2018 3133EHTJ2 SHARES DUE 7/1/2018 7/2/2018 7/2/2018 3134GBTL6 PAID ACCRUED INTEREST ON PURCHASE OF F H L M C M T N 2.100 % 6/29/22 PURCHASED PAR VALUE OF F H L M C M T N 2.100 % 6/29/22 /SUNTRUST 7/2/2018 6/29/2018 7/2/2018 3134GBTL6 ROBINSON HUMPHREY, IN/500,000 PAR VALUE AT 96.944 7/2/2018 7/2/2018 7/2/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 7/2/2018 7/2/2018 7/2/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 393.39 500,000.00 30,724.87 99,063.90 0.97 1.00 1.00 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 7/2/2018 31846V203 6/30/2018 INTEREST FROM 6/1/18 TO 6/30/18 (87.50) (484,720.00) 484,720.00 (30,724.87) 30,724.87 (99,063.90) 99,063.90 207.73 7/2/2018 AMORTIZED PREMIUM ON MERCK CO INC 5.000% 6/30/19 CURRENT YEAR 589331AN7 AMORTIZATION 8,014.13 7/2/2018 589331AN7 INTEREST EARNED ON MERCK CO INC 5.000 % 6/30/19 $1 PV ON 500000.0000 SHARES DUE 6/30/2018 12,500.00 7/2/2018 797669X1-0 INTEREST EARNED ON SAN FRANCISCO CA 2.169% 7/01/20 $1 PV ON 100000.0000 SHARES DUE 7/1/2018 - - - - - 1,102.58 - - - 7/2/2018 7/2/2018 9128282X7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.375% 9/30/19 - - - - - 349.39 - - - 7/2/2018 6/29/2018 7/2/2018 9128282X7 SOLD PAR VALUE OF U S TREASURY NT 1.375% 9/30/19 /HSBC SECURITIES, INC./100,000 PAR VALUE AT 98.71451 % (100,000.00) 0.99 - - - 98,714.51 (99,847.15) (1,132.64) - 7/2/2018 7/2/2018 9128283T5 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.67343% 1/31/20 - - - - - 1,657.27 - - - 7/2/2018 6/29/2018 7/2/2018 9128283T5 SOLD PAR VALUE OF U S TREASURY NT 1.67343% 1/31/20 /DEUTSCHE BANK SECURITIES, INC./500,000 PAR VALUE AT 99.975826 % (500,000.00) 1.00 - - - 499,879.13 (499,585.26) 293.87 - 7/3/2018 7/3/2018 7/3/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (324,809.53) 1.00 - - - 324,809.53 (324,809.53) - - 7/3/2018 7/3/2018 697379UD5 PAID ACCRUED INTEREST ON PURCHASE OF PALO ALTO CA 2.291 h 8/01/20 - - - - (3,143.76) - - - 7/3/2018 6/29/2018 7/3/2018 697379UD5 PURCHASED PAR VALUE OF PALO ALTO CA 2.291 % 8/01/20 /PERSHING LLC/325,000 PAR VALUE AT 99.038 % 325,000.00 0.99 - - 321,873.50) 321,873.50 - - 7/6/2018 3133EHXH1 INTEREST EARNED ON F F C B 2.0027 % 9/06/22 $1 PV ON 260000.0000 SHARES DUE 7/6/2018 i f - - - - 453.48 7/6/2018 7/6/2018 7/6/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 34,256.96 1.00 - - - (34,256.96) 34,256.96 - - 7/6/2018 7/6/2018 7/6/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y 7 (51,988.75) 1.00 - - - 51,988.75 (51,988.75) - - 7/6/2018 7/6/2018 9128282T6 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.250 % 8/31/19 - - - - - 17.39 - - - 7/6/2018 7/5/2018 7/6/2018 9128282T6 SOLD PAR VALUE OF U S TREASURY NT 1.250 % 8/31/19 /NATWEST MARKETS SECURITIES INC/4,000 PAR VALUE AT 98.672 % (4,000.00) 0.99 - - - 3,946.88 (3,993.44) (46.56) - 7/6/2018 7/6/2018 9128282X7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.375% 9/30/19 - - - - - 4,664.48 - - - 7/6/2018 7/5/2018 7/6/2018 9128282X7 SOLD PAR VALUE OF U S TREASURY NT 1.375% 9/30/19 /NOMURA SECURITIES INTL., FIXED/1,280,000 PAR VALUE AT 98.703125 % (1,280,000.00) 0.99 - - - 1,263,400.00 (1,278,043.55) (14,643.55) - 7/6/2018 7/6/2018 9128283X6 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.250 % 2/15/21 - - - - - 1,051.66 - - - 7/6/2018 7/5/2018 7/6/2018 9128283X6 SOLD PAR VALUE OF U S TREASURY NT 2.250 % 2/15/21 /CITIGROUP GLOBAL MARKETS INC./XOTC 120,000 PAR VALUE AT 99.0625 % = (120,000.00) 0.99 - - - 118,875.00 (119,446.88) (571.88) - 7/6/2018 7/6/2018 9128284T4 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.625 % 6/15/21 - - - - - (963.93) - - - 7/6/2018 7/5/2018 7/6/2018 9128284T4 PURCHASED PAR VALUE OF U S TREASURY NT 2.625 % 6/15/21 /MLPFS INC/FIXED INCOME/640,000 PAR VALUE AT 99.94921875 % 640,000.00 1.00 - - - (639,675.00) 639,675.00 - - 7/6/2018 7/6/2018 912828XY1 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.500% 6/30/20 - - - - - (313.86) - - - 7/6/2018 7/5/2018 7/6/2018 912828XY1 PURCHASED PAR VALUE OF U S TREASURY NT 2.500 % 6/30/20 /NOMURA SECURITIES/FIX INCOME/770,000 PAR VALUE AT 99.89453117 % 770,000.00 1.00 - - - (769,187.89) 769,187.89 - - 7/11/2018 3133EH2J1 INTEREST EARNED ON F F C B 2.05638 % 12/11/20 $1 PV ON 510000.0000 SHARES DUE 7/11/2018 - - - - - 873.96 - 7/11/2018 7/11/2018 7/11/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y = 1 873.96 1.00 - - - (873.96) 873.96 7/12/2018 7/12/2018 7/12/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 247,734.96 1.00 - - - (247,734.96) 247,734.96 7/12/2018 7/12/2018 9128282X7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.375% 9/30/19 i - - - - - 967.38 - - 7/12/2018 7/11/2018 7/12/2018 9128282X7 SOLD PAR VALUE OF U S TREASURY NT 1.375% 9/30/19 /NATWEST MARKETS SECURITIES INC/250,000 PAR VALUE AT 98.707032 % (250,000.00) 0.99 - - - 246,767.58 249,617.88 2,850.30 - 7/13/2018 INTEREST EARNED ON F F C B DEB 2.12738% 7/13/22 $1 PV ON 310000.0000 3 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 549.57 1.00 - - - (549.57) 549.57 7/16/2018 02582JHG8 INTEREST EARNED ON AMERICAN EXPRESS 1.640% 12/15/21 $1 PV ON 420000.0000 SHARES DUE 7/15/2018 - - - - - 574.00 - - 7/16/2018 161571HC1 AMORTIZED PREMIUM ON CHASE ISSUANCE TRUST 1.370% 6/15/21 CURRENT YEAR AMORTIZATION - - - - - - (3.79) 7/16/2018 , 161571HC1 INTEREST EARNED ON CHASE ISSUANCE TRUST 1.370 % 6/15/21 $1 PV ON 750000.0000 SHARES DUE 7/15/2018 _ - - - - - 856.25 - - - 7/16/2018 7/16/2018 7/16/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,430.25 1.00 - - - (1,430.25) 1,430.25 - - 7/16/2018 7/16/2018 7/16/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (226,782.98) 1.00 - - - 226,782.98 (226,782.98) - - 7/16/2018 47787XAC1 INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV ON 459.8300 SHARES DUE 7/15/2018 $0.00148/PV ON 310,000.00 PV DUE 7/15/18 - - - - - 459.83 - - - 7/16/2018 58769DAD2 INTEREST EARNED ON MERCEDES BENZ AUTO 1.790% 4/15/20 $1 PV ON 551.9200 SHARES DUE 7/15/2018 $0.00149/PV ON 370,000.00 PV DUE 7/15/18 - - - - - 551.92 - - - 28 Page 25 of 32 15111Pr RIVERSIDE COUNTY TRANSPORTATION COMMISSION Payden & Rygel Operating Portfolio Transaction Report Quarter ended September 30, 2018 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Settlement Date Trade Date Date CUSIP Description Units Short Term Long Term Miscellaneous Federal Tax Cost Gain/Loss Gain/Loss Price Commissions SEC Fees Fees Net Cash Amount Amount Amount Amount INTEREST EARNED ON NISSAN AUTO LEASE 2.050% 9/15/20 $1 PV ON 375.8300 7/16/2018 65479BAD2 SHARES DUE 7/15/2018 $0.00171/PV ON 220,000.00 PV DUE 7/15/18 AMORTIZED PREMIUM ON ORACLE CORP 2.375 % 1/15/19 CURRENT YEAR 7/16/2018 68389XAQ8 AMORTIZATION INTEREST EARNED ON ORACLE CORP 2.375% 1/15/19 $1 PV ON 500000.0000 7/16/2018 68389XAQ8 SHARES DUE 7/15/2018 - - 7/16/2018 7/15/2018 7/16/2018 80284TAF2 PAID DOWN PAR VALUE OF SANTANDER DRIVE 1.770% 9/15/20 j (13,863.59) 7.08 INTEREST EARNED ON SANTANDER DRIVE 1.770 % 9/15/20 $1 PV ON 162.2500 7/16/2018 80284TAF2 SHARES DUE 7/15/2018 $0.00148/PV ON 110,000.00 PV DUE 7/15/18 INTEREST EARNED ON TOYOTA AUTO 1.760 % 7/15/21 $1 PV ON 762.6700 T 7/16/2018 89190BAD0 SHARES DUE 7/15/2018 $0.00147/PV ON 520,000.00 PV DUE 7/15/18 INTEREST EARNED ON TOYOTA AUTO 1.730 % 2/16/21 $1 PV ON 542.0700 7/16/2018 89238MAD0 SHARES DUE 7/15/2018 $0.00144/PV ON 376,000.00 PV DUE 7/15/18 - INTEREST EARNED ON USAA AUTO OWNER 1.700% 5/17/21 $1 PV ON 198.3300 7/16/2018 90290AAC1 SHARES DUE 7/15/2018 $0.00142/PV ON 140,000.00 PV DUE 7/15/18 375.83 (2,043.45) 5,937.50 13,863.59 (13,863.49) 162.25 762.67 542.07 198.33 0.10 7/16/2018 7/16/2018 912828Y20 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.625 % 7/15/21 - - - - - (17.83) - - - 7/16/2018 7/11/2018 7/16/2018 PURCHASED PAR VALUE OF U S TREASURY NT 2.625% 7/15/21 /CITADEL 912828Y20 SECURITIES LLC/250,000 PAR VALUE AT 99.847656 % 250,000.00 1.00 - - - (249,619.14) 249,619.14 - - 7/17/2018 INTEREST EARNED ON CITIBANK CREDIT CARD 1.740 % 1/19/21 $1 PV ON 17305EGA7 380000.0000 SHARES DUE 7/17/2018 - - - - - 3,306.00 - - - 7/17/2018 7/17/2018 7/17/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,306.00 1.00 - - - (3,306.00) 3,306.00 - - 7/18/2018 7/18/2018 7/18/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 505,097.64 1.00 - - - (505,097.64) 505,097.64 - - 7/18/2018 INTEREST EARNED ON HONDA AUTO 1.790 % 9/20/21 $1 PV ON 223.7500 43814PAC4 SHARES DUE 7/18/2018 $0.00149/PV ON 150,000.00 PV DUE 7/18/18 - - - - - 223.75 - - - 7/18/2018 7/16/2018 7/18/2018 SOLD PAR VALUE OF WELLS FARGO MTN 2.67519% 12/06/19 /DAIWA CAPITAL 94988J5J2 MARKETS AMERICA/XOTC 500,000 PAR VALUE AT 100.629 % (500,000.00) 1.01 - - - 503,145.00 (503,280.56) (135.56) - 7/18/2018 AMORTIZED PREMIUM ON WELLS FARGO MTN 2.67519% 12/06/19 CURRENT 94988J5J2 YEAR AMORTIZATION ■ - - - - - - (268.21) - - 7/18/2018 7/18/2018 RECEIVED ACCRUED INTEREST ON SALE OF WELLS FARGO MTN 2.67519% 94988J5J2 12/06/19 - - - - - 1,728.89 - - - 7/20/2018 INTEREST EARNED ON BMW VEHICLE LEASE 2.070 % 10/20/20 $1 PV ON 172.5000 05584PAD9 SHARES DUE 7/20/2018 $0.00173/PV ON 100,000.00 PV DUE 7/20/18 - - - - - 172.50 - - - 7/20/2018 7/20/2018 7/20/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 172.50 1.00 - - - (172.50) 172.50 - - 7/23/2018 7/23/2018 7/23/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (497,003.75) 1.00 - - - 497,003.75 (497,003.75) - - 7/23/2018 INTEREST EARNED ON US BANK NA MTN 2.350 % 1/23/20 $1 PV ON 255000.0000 90331HNJ8 SHARES DUE 7/23/2018 - - - - - 2,996.25 - - - 7/23/2018 7/16/2018 7/23/2018 PURCHASED PAR VALUE OF WELLS FARGO MTN 2.84706% 7/23/21 /WELLS 94988J5Q6 FARGO SECURITIES, LLC/500,000 PAR VALUE AT 100 h 500,000.00 1.00 - - -r - (500,000.00) 500,000.00 - - 7/24/2018 INTEREST EARNED ON F F C B DEB 2.10113% 8/24/20 $1 PV ON 130000.0000 3133EHVR1 SHARES DUE 7/24/2018 - - - - - 227.62 - - - 7/24/2018 7/24/2018 7/24/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 227.62 1.00 - - - (227.62) 227.62 - - 7/24/2018 7/24/2018 7/24/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,790.69 1.00 - - - (3,790.69) 3,790.69 - - 7/24/2018 AMORTIZED PREMIUM ON US BANCORP MTN 3.000% 1/24/22 CURRENT YEAR 91159HHQ6 AMORTIZATION - - - - - - (286.61) - - 7/24/2018 INTEREST EARNED ON US BANCORP MTN 3.000% 1/24/22 $1 PV ON 91159HHQ6 500000.0000 SHARES DUE 7/24/2018 - - - - - 3,790.69 - - - 7/25/2018 7/25/2018 7/25/2018 7/25/2018 TRUST FEES COLLECTED CHARGED FOR PERIOD 06/01/2018 THRU 06/30/2018 COLLECTED BY DISBURSEMENT - - - - - (531.24) - - - 05582QAD9 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.160% 11/25/20 (32,796.59) - - - - 32,796.59 (32,796.44) - 0.15 7/25/2018 INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV ON 05582QAD9 371.0700 SHARES DUE 7/25/2018 $0.00097/PV ON 383,866.93 PV DUE 7/25/18 - - - - - 371.07 - - - 7/25/2018 INTEREST EARNED ON F F C B DEB 2.09113% 6/25/20 $1 PV ON 510000.0000 3133EHRZ8 SHARES DUE 7/25/2018 - - - - - 888.73 - - - 7/25/2018 7/25/2018 7/25/2018 3136AMTM1 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.858% 9/25/18 (30,346.23) - - - - 30,346.23 (30,338.46) - 7.77 7/25/2018 INTEREST EARNED ON F N M A GTD REMIC 1.858 % 9/25/18 $1 PV ON 77.5500 3136AMTM1 SHARES DUE 7/25/2018 $0.00180/PV ON 43,130.07 PV DUE 7/25/18 - - - 77.55 - - - 7/25/2018 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560 % 9/25/21 CURRENT YEAR 3136B1XP4 AMORTIZATION - - - - (105.53) - - 7/25/2018 INTEREST EARNED ON F N M A GTD REMIC 3.560 % 9/25/21 $1 PV ON 652.6700 3136B1XP4 SHARES DUE 7/25/2018 $0.00297/PV ON 220,000.00 PV DUE 7/25/18 - - - - - 652.67 - - - 7/25/2018 7/25/2018 7/25/2018 3137BNN26 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.780 % 7/25/19 (104.51) - - - - 104.51 (104.83) - (0.32) 7/25/2018 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.780 % 7/25/19 CURRENT YEAR 3137BNN26 AMORTIZATION - - - - - - (13.80) - - 7/25/2018 _ INTEREST EARNED ON F H L M C MLTCL MTG 1.780% 7/25/19 $1 PV ON 80.9100 3137BNN26 SHARES DUE 7/25/2018 $0.00148/PV ON 54,544.21 PV DUE 7/25/18 - - - - - 80.91 7/25/2018 7/25/2018 7/25/2018 3137BPCF4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.376 % 10/25/20 (36,610.47) - - - - 36,610.47 (36,610.18) - 0.29 7/25/2018 INTEREST EARNED ON F H L M C MLTCL MTG 1.376% 10/25/20 $1 PV ON 197.1500 3137BPCF4 SHARES DUE 7/25/2018 $0.00115/PV ON 171,932.94 PV DUE 7/25/18 - - - - - 197.15 - - 7/25/2018 7/25/2018 7/25/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 101,594.64 1.00 - - - (101,594.64) 101,594.64 - 7/26/2018 7/26/2018 7/26/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,814,096.48 1.00 - - - (1,814,096.48) 1,814,096.48 - - 7/26/2018 7/26/2018 9128282X7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.375% 9/30/19 - - - - - 8,043.75 - - 7/26/2018 7/25/2018 7/26/2018 SOLD PAR VALUE OF U S TREASURY NT 1.375 % 9/30/19 /CITIGROUP GLOBAL 9128282X7 MARKETS INC./XOTC 1,830,000 PAR VALUE AT 98.691406% (1,830,000.00) 0.99 - - - 1,806,052.73 (1,827,191.74) (21,139.01) 7/31/2018 7/31/2018 7/31/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (1,800,055.86) 1.00 - - - 1,800,055.86 (1,800,055.86) - - 29 Page 26 of 32 RIFRIVERSIDE COUNTY TRANSPORTATION COMMISSION Payden & Rygel Operating Portfolio Transaction Report Quarter ended September 30, 2018 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Settlement Date Trade Date Date CUSIP Description Units Price Miscellaneous Commissions SEC Fees Fees Net Cash Amount Amount Short Term Federal Tax Cost Gain/Loss Amount Long Term Gain/Loss Amount INTEREST EARNED ON U S TREASURY NT 2.000 % 1/31/20 $1 PV ON //31/LU16 7/31/2018 7/25/2018 7/31/2018 UIL6LOJJ/ • PURCHASED PAR VALUE OF U S TREASURY NT 2.625% 7/31/20 /CITIGROUP 912828Y46 GLOBAL MARKETS INC./1,830,000 PAR VALUE AT 99.91015628 % - 1,830,000.00 - - - 1.00 - LB,JUU.UU - (1,828,355.86) - 1,828,355.86 - - - - - - - - - - 8/1/2018 INTEREST EARNED ON F F C B DEB 2.16213% 8/01/22 $1 PV ON 230000.0000 3133EHTJ2 SHARES DUE 8/1/2018 - - - - - 428.22 L - - 8/1/2018 8/1/2018 8/1/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 15,198.95 1.00 - (15,198.95) 15,198.95 8/1/2018 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DU 31846V203 7/31/2018 INTEREST FROM 7/1/18 TO 7/31/18 638.60 8/1/2018 INTEREST EARNED ON PALO ALTO CA 2.291 % 8/01/20 $1 PV ON 325000.0000 697379UD5 SHARES DUE 8/1/2018 - 3,722.88 8/1/2018 INTEREST EARNED ON SAN FRANCISCO CITY 2.000 % 8/01/20 $1 PV ON 79770GGM2 300000.0000 SHARES DUE 8/1/2018 3,000.00 8/1/2018 INTEREST EARNED ON SAN JOSE CA 2.098% 8/01/19 $1 PV ON 320000.0000 798170AB2 SHARES DUE 8/1/2018 - - - - - 3,356.80 - - 8/1/2018 INTEREST EARNED ON SAN JOSE CA REDEV 2.259% 8/01/20 $1 PV ON 798170AC0 190000.0000 SHARES DUE 8/1/2018 - - - - - 2,146.05 8/1/2018 AMORTIZED PREMIUM ON TEXAS ST REF WTR 2.036 % 8/01/20 CURRENT YEAR 882723UC1 AMORTIZATION - - - - - - 59) - - 8/1/2018 INTEREST EARNED ON TEXAS ST REF WTR 2.036 % 8/01/20 $1 PV ON 882723UC1 250000.0000 SHARES DUE 8/1/2018 - - - - - 2,545.00 - - 8/2/2018 INTEREST EARNED ON F N M A 0.875 % 8/02/19 $1 PV ON 530000.0000 3135GON33 SHARES DUE 8/2/2018 - - - - - 2,318.75 - - - 8/2/2018 8/2/2018 8/2/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,957.35 1.00 - - - (2,957.35) 2,957.35 - - 8/6/2018 INTEREST EARNED ON F F C B 2.16725% 9/06/22 $1 PV ON 260000.0000 3133EHXH1 SHARES DUE 8/6/2018 - - - - - 485.22 - - - 8/6/2018 8/6/2018 8/6/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 5, 110.22 1.00 - - - (5, 110.22) 5, 110.22 - - 8/6/2018 INTEREST EARNED ON MICROSOFT CORP 1.850 % 2/06/20 $1 PV ON 594918BV5 500000.0000 SHARES DUE 8/6/2018 - - - - - 4,625.00 - - - 8/13/2018 INTEREST EARNED ON F H L B DEB 2.125% 2/11/20 $1 PV ON 800000.0000 3130ADN32 SHARES DUE 8/11/2018 - - - - - 8,594.44 - - - 8/13/2018 INTEREST EARNED ON F F C B 2.0875 % 12/11/20 $1 PV ON 510000.0000 3133EH2J1 SHARES DUE 8/11/2018 - - - - - 916.76 - - - 8/13/2018 INTEREST EARNED ON F F C B DEB 2.15425% 7/13/22 $1 PV ON 310000.0000 3133EHRD7 SHARES DUE 8/13/2018 - - - - - 575.07 - - - 8/13/2018 8/13/2018 8/13/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 916.76 1.00 - - - (916.76) 916.76 - - 8/13/2018 8/13/2018 8/13/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 128,220.20 1.00 - - - (128,220.20) 128,220.20 - - 8/13/2018 8/13/2018 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.500 % 912828F62 10/31/19 - - - - - 513.59 - - - 8/13/2018 8/10/2018 8/13/2018 SOLD PAR VALUE OF U S TREASURY NT 1.500 % 10/31/19 /HSBC SECURITIES, 912828F62 INC./120,000 PAR VALUE AT 98.780917 % _ (120,000.00) 0.99 - - - 118,537.10 (119,821.14) (1,284.04) - 8/14/2018 8/1/2018 8/14/2018 PURCHASED PAR VALUE OF F H L M C MLTCL 2.28138 % 2/25/23 /J.P. MORGAN 3137FGZN8 SECURITIES LLC/240,000 PAR VALUE AT 100 % 240,000.00 1.00 - - - (240,000.00) 240,000.00 - - 8/14/2018 8/14/2018 8/14/2018 _ 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y ` (240,000.00) 1.00 - - - 240,000.00 (240,000.00) - - 8/15/2018 INTEREST EARNED ON AMERICAN EXPRESS 1.640 % 12/15/21 $1 PV ON 02582JHG8 420000.0000 SHARES DUE 8/15/2018 - - - - - 574.00 - - - 8/15/2018 INTEREST EARNED ON BERKSHIRE HATHAWAY 1.300% 8/15/19 $1 PV ON 084664CK5 160000.0000 SHARES DUE 8/15/2018 _ _ - - - - - 1,040.00 - - - 8/15/2018 AMORTIZED PREMIUM ON CHASE ISSUANCE TRUST 1.370% 6/15/21 CURRENT 161571HC1 YEAR AMORTIZATION - - - - - - (3.29) - - 8/15/2018 INTEREST EARNED ON CHASE ISSUANCE TRUST 1.370% 6/15/21 $1 PV ON 161571HC1 750000.0000 SHARES DUE 8/15/2018 856.25 - - 8/15/2018 AMORTIZED PREMIUM ON CISCO SYSTEMS INC 4.950% 2/15/19 CURRENT YEAR 17275RAE2 AMORTIZATION - - - - - - 5,883.98) - - 8/15/2018 INTEREST EARNED ON CISCO SYSTEMS INC 4.950% 2/15/19 $1 PV ON I 17275RAE2 360000.0000 SHARES DUE 8/15/2018 8,910.00 - - 8/15/2018 8/15/2018 8/15/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,430.25 1.00 - - - (1,430.25) 1,430.25 - - 8/15/2018 8/15/2018 8/15/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 50,669.72 1.00 - - - (50,669.72) 50,669.72 - - 8/15/2018 INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV ON 459.8300 47787XAC1 SHARES DUE 8/15/2018 $0.00148/PV ON 310,000.00 PV DUE 8/15/18 - - - - - 459.83 - - 8/15/2018 r INTEREST EARNED ON MERCEDES BENZ AUTO 1.790% 4/15/20 $1 PV ON 58769DAD2 551.9200 SHARES DUE 8/15/2018 $0.00149/PV ON 370,000.00 PV DUE 8/15/18 - - - - - 551.92 - - 8/15/2018 AMORTIZED PREMIUM ON NEW YORK ST SER B 3.600% 2/15/19 CURRENT YEAR 649791EV8 AMORTIZATION - - - - - - 2,372.83 8/15/2018 INTEREST EARNED ON NEW YORK ST SER B 3.600% 2/15/19 $1 PV ON 649791EV8 250000.0000 SHARES DUE 8/15/2018 - - - - - 4,500.00 - 8/15/2018 INTEREST EARNED ON NISSAN AUTO LEASE 2.050% 9/15/20 $1 PV ON 375.8300 65479BAD2 SHARES DUE 8/15/2018 $0.00171/PV ON 220,000.00 PV DUE 8/15/18 375.83 8/15/2018 8/15/2018 8/15/2018 80284TAF2 PAID DOWN PAR VALUE OF SANTANDER DRIVE 1.770% 9/15/20 (22,252.27) - - - - 22,252.27 (22,252.12) - 0.15 8/15/2018 INTEREST EARNED ON SANTANDER DRIVE 1.770% 9/15/20 $1 PV ON 141.8000 80284TAF2 SHARES DUE 8/15/2018 $0.00148/PV ON 96,136.41 PV DUE 8/15/18 - - - - - 141.80 - - - 8/15/2018 INTEREST EARNED ON TOYOTA AUTO 1.760% 7/15/21 $1 PV ON 762.6700 89190BAD0 SHARES DUE 8/15/2018 $0.00147/PV ON 520,000.00 PV DUE 8/15/18 - - - - - 762.67 - - - 8/15/2018 INTEREST EARNED ON TOYOTA AUTO 1.730% 2/16/21 $1 PV ON 542.0700 89238MAD0 SHARES DUE 8/15/2018 $0.00144/PV ON 376,000.00 PV DUE 8/15/18 - - - - - 542.07 - - - 30 Page 27 of 32 RIFRIVERSIDE COUNTY TRANSPORTATION COMMISSION Payden & Rygel Operating Portfolio Transaction Report Quarter ended September 30, 2018 Account Number: 001050990415 Transaction Settlement Date Trade Date Date Name: RIVERSIDE COUNTY TRANS COMM CUSIP Description Units Miscellaneous Price Commissions SEC Fees Fees Net Cash Amount Amount Short Term Long Term Federal Tax Cost Gain/Loss Gain/Loss Amount Amount INTEREST EARNED ON USAA AUTO OWNER 1.700% 5/17/21 $1 PV ON 198.3300 6/IJ/LUI 8/15/2018 U UULUUfWLI 041U.UU IYL/ry V INTEREST EARNED ON U S TREASURY NT 1.500% 8/15/20 $1 PV ON 9128282Q2 1458000.0000 SHARES DUE 8/15/2018 - - - - - - - IVOd.3 - 10,935.00 - - - - - - - - - - - 8/16/2018 INTEREST EARNED ON F H L M C M T N 2.375% 2/16/21 $1 PV ON 510000.0000 3137EAEL9 SHARES DUE 8/16/2018 - - - - - 6,056.25 - 8/16/2018 8/16/2018 8/16/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 6,056.25 1.00 - - - (6,056.25) 6,056.25 - 8/20/2018 INTEREST EARNED ON BMW VEHICLE LEASE 2.070 % 10/20/20 $1 PV ON 172.5000 05584PAD9 SHARES DUE 8/20/2018 $0.00173/PV ON 100,000.00 PV DUE 8/20/18 - - - - - 172.50 - 8/20/2018 8/20/2018 8/20/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 10,443.25 1.00 - - - (10,443.25) 10,443.25 - 8/20/2018 INTEREST EARNED ON HONDA AUTO 1.790 % 9/20/21 $1 PV ON 223.7500 43814PAC4 SHARES DUE 8/18/2018 $0.00149/PV ON 150,000.00 PV DUE 8/18/18 - - - - - 223.75 - - 8/20/2018 AMORTIZED PREMIUM ON STATE STREET CORP 2.550% 8/18/20 CURRENT YEAR 857477AS2 AMORTIZATION - - - - - - 1,502.93 - - 8/20/2018 INTEREST EARNED ON STATE STREET CORP 2.550% 8/18/20 $1 PV ON 857477AS2 788000.0000 SHARES DUE 8/18/2018 - - - - - - - - - 10,047.00 - 472.22 - - - - - 8/21/2018 8/21/2018 3130ADN32 RECEIVED ACCRUED INTEREST ON SALE OF F H L B DEB 2.125% 2/11/20 8/21/2018 8/20/2018 8/21/2018 SOLD PAR VALUE OF F H L B DEB 2.125 % 2/11/20 /J.P. MORGAN SECURITIES 3130ADN32 LLC/800,000 PAR VALUE AT 99.34 % (800,000.00) 0.99 - - - 794,720.00 (798,536.00) (3,816.00) - 8/21/2018 8/21/2018 8/21/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (170,291.63) 1.00 - - - 170,291.63 (170,291.63) - - 8/21/2018 8/21/2018 8/21/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 162,937.65 1.00 - - - (162,937.65) 162,937.65 - - 8/21/2018 8/21/2018 9128284W7 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.750% 8/15/21 - - - - - (358.70) - - - 8/21/2018 8/20/2018 8/21/2018 PURCHASED PAR VALUE OF U S TREASURY NT 2.750% 8/15/21 /J.P. MORGAN 9128284W7 SECURITIES LLC/800,000 PAR VALUE AT 100.2734375 % 800,000.00 1.00 - - - (802,187.50) 802,187.50 - - 8/22/2018 8/22/2018 3130ACE26 RECEIVED ACCRUED INTEREST ON SALE OF F H L B 1.375 % 9/28/20 - - - - - 1,980.00 - - - 8/22/2018 8/21/2018 8/22/2018 SOLD PAR VALUE OF F H L B 1.375% 9/28/20 /DEUTSCHE BANK 3130ACE26 SECURITIES, INC./360,000 PAR VALUE AT 97.426003 % (360,000.00) 0.97 - - - 350,733.61 (358,844.40) (8,110.79) - 8/22/2018 8/22/2018 8/22/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 154,605.13 1.00 - - - (154,605.13) 154,605.13 - - 8/22/2018 8/22/2018 8/22/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (162,937.65) 1.00 - - - 162,937.65 (162,937.65) - - 8/22/2018 8/22/2018 9128284W7 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.750% 8/15/21 - - - - - (188.32) - - - 8/22/2018 8/21/2018 8/22/2018 PURCHASED PAR VALUE OF U S TREASURY NT 2.750% 8/15/21 /NATW EST 9128284W7 MKTS SECS/FIXED INCOME/360,000 PAR VALUE AT 100.23828056 % 360,000.00 1.00 - - - (360,857.81) 360,857.81 - - 8/23/2018 INTEREST EARNED ON APPLE INC 2.250% 2/23/21 $1 PV ON 500000.0000 037833BS8 SHARES DUE 8/23/2018 - - - - - 5,625.00 - - - 8/23/2018 8/23/2018 8/23/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 5,625.00 1.00 - - - (5,625.00) 5,625.00 - - 8/24/2018 INTEREST EARNED ON F F C B DEB 2.079% 8/24/20 $1 PV ON 130000.0000 3133EHVR1 SHARES DUE 8/24/2018 - - - - - 232.73 - - - 8/24/2018 8/24/2018 8/24/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 501,559.19 1.00 - - - (501,559.19) 501,559.19 - - 8/24/2018 8/24/2018 68389XAQ8 RECEIVED ACCRUED INTEREST ON SALE OF ORACLE CORP 2.375% 1/15/19 - - - - - 1,286.46 - - - 8/24/2018 8/22/2018 8/24/2018 SOLD PAR VALUE OF ORACLE CORP 2.375% 1/15/19 /MARKETAXESS 68389XAQ8 CORP/500,000 PAR VALUE AT 100.008 % (500,000.00) 1.00 - - - 500,040.00 (501,608.39) - (1,568.39) 8/24/2018 AMORTIZED PREMIUM ON ORACLE CORP 2.375% 1/15/19 CURRENT YEAR 68389XAQ8 AMORTIZATION - - - - - - (451.33) - - 8/27/2018 TRUST FEES COLLECTED CHARGED FOR PERIOD 07/01/2018 THRU 07/31/2018 COLLECTED BY DISBURSEMENT - - - - - (531.58) - - - 8/27/2018 8/25/2018 8/27/2018 05582QAD9 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.160% 11/25/20 (32,920.50) - - - - 32,920.50 (32,920.35) - 0.15 8/27/2018 INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV ON 05582QAD9 339.3700 SHARES DUE 8/25/2018 $0.00097/PV ON 351,070.34 PV DUE 8/25/18 - - - - - 339.37 - - 8/27/2018 8/27/2018 3130ADUJ9 RECEIVED ACCRUED INTEREST ON SALE OF F H L B DEB 2.375% 3/30/20 - - - - - 9,878.02 - - - 8/27/2018 8/23/2018 8/27/2018 SOLD PAR VALUE OF F H L B DEB 2.375% 3/30/20 /CITIGROUP GLOBAL 3130ADUJ9 MARKETS INC./930,000 PAR VALUE AT 99.653 % (930,000.00) 1.00 - - - 926,772.90 (929,832.60) (3,059.70) - 8/27/2018 INTEREST EARNED ON F F C B DEB 2.06363% 6/25/20 $1 PV ON 510000.0000 3133EHRZ8 SHARES DUE 8/25/2018 - - - - - 906.28 - - - 8/27/2018 8/22/2018 8/27/2018 PURCHASED PAR VALUE OF F H L M C M T N 2.900% 8/27/21 /CITIGROUP 3134GSWC5 GLOBAL MARKETS INC./510,000 PAR VALUE AT 100 % 510,000.00 1.00 - - - (510,000.00) 510,000.00 - - 8/27/2018 8/25/2018 8/27/2018 3136AMTM1 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.858% 9/25/18 (6,021.61) - - - - 6,021.61 (6,020.07) - 1.54 8/27/2018 INTEREST EARNED ON F N M A GTD REMIC 1.858% 9/25/18 $1 PV ON 25.2600 3136AMTM1 SHARES DUE 8/25/2018 $0.00198/PV ON 12,783.84 PV DUE 8/25/18 - - - - - 25.26 - 8/27/2018 8/25/2018 8/27/2018 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.560% 9/25/21 8/25/18 PRIN AND 3136B1XP4 INT PYMT (6,285.97 85.43 - - - 6,285.97 113.27 - 8/27/2018 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 652.6700 3136B1XP4 SHARES DUE 8/25/2018 $0.00297/PV ON 220,000.00 PV DUE 8/25/18 - - - - 652.67 199.24 - 8/27/2018 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560% 9/25/21 CURRENT YEAR 3136B1XP4 AMORTIZATION - - - - - - 109.05) - - 8/27/2018 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 3 3137BNN26 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.780% 7/25/19 - (3,083.93) - - - - - - - - 3,083.93 - (3,092.62) - - (8.69) 8/27/2018 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.780% 7/25/19 CURRENT YEAR 3137BNN26 AMORTIZATION - - - - - - (14.23) - - 8/27/2018 INTEREST EARNED ON F H L M C MLTCL MTG 1.780% 7/25/19 $1 PV ON 80.7500 3137BNN26 SHARES DUE 8/25/2018 $0.00148/PV ON 54,439.70 PV DUE 8/25/18 - - - - - 80.75 - - - 8/27/2018 INTEREST EARNED ON F H L M C MLTCL MTG 1.376% 10/25/20 $1 PV ON 155.1700 3137BPCF4 SHARES DUE 8/25/2018 $0.00115/PV ON 135,322.47 PV DUE 8/25/18 - - - - - 155.17 - - - 31 Page 28 of 32 15111Pr RIVERSIDE COUNTY TRANSPORTATION COMMISSION Payden & Rygel Operating Portfolio Transaction Report Quarter ended September 30, 2018 Account Number: 001050990415 Transaction Settlement Name: RIVERSIDE COUNTY TRANS COMM Miscellaneous Federal Tax Cost Short Term Gain/Loss Long Term Gain/Loss 8/27/2018 8/25/2018 8/27/2018 3137BPCF4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.376 % 10/25/20 (50,296.29) - - - - 50,296.29 (50,295.89) 60,577.04 - 0.40 8/27/2018 8/27/2018 8/27/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 60,577.04 1.00 - - - (60,577.04) - - 8/27/2018 8/27/2018 8/27/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 466,332.36 1.00 - - - (466,332.36) 466,332.36 - - 8/28/2018 8/22/2018 8/28/2018 06050TMH2 PURCHASED PAR VALUE OF BANK OF AMERICA NA 25.6138 % 8/28/20 /MLPFS INC/FIXED INCOME/410,000 PAR VALUE AT 100 % 410,000.00 1.00 - - - (410,000.00) 410,000.00 - - 8/28/2018 3135GOT29 INTEREST EARNED ON F N M A DEB 1.500 % 2/28/20 $1 PV ON 300000.0000 SHARES DUE 8/28/2018 - - - - - 2,250.00 - - - 8/28/2018 8/28/2018 8/28/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (407,750.00) 1.00 - - - 407,750.00 (407,750.00) - - 8/31/2018 8/31/2018 8/31/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (716,315.63) 1.00 - - 716,315.63 (716,315.63) - - 8/31/2018 9128283Y4 AMORTIZED PREMIUM ON U S TREASURY NT 2.250 % 2/29/20 CURRENT YEAR AMORTIZATION - - - - (4.56) - - 8/31/2018 9128283Y4 INTEREST EARNED ON U S TREASURY NT 2.250 % 2/29/20 $1 PV ON 265000.0000 SHARES DUE 8/31/2018 - - - - - 2,981.25 - - - 8/31/2018 8/29/2018 8/31/2018 9128284Y3 PURCHASED PAR VALUE OF U S TREASURY NT 2.625% 8/31/20 M.P. MORGAN SECURITIES LLC/720,000 PAR VALUE AT 99.90234444 % 720,000.00 1.00 - - - (719,296.88) 719,296.88 - - 9/4/2018 13063BFS6 AMORTIZED PREMIUM ON CALIFORNIA ST BUILD 6.650 % 3/01/22 CURRENT YEAR AMORTIZATION - - - - - - (7,709.84) - - 9/4/2018 13063BFS6 INTEREST EARNED ON CALIFORNIA ST BUILD 6.650% 3/01/22 $1 PV ON 425000.0000 SHARES DUE 9/1/2018 - - - - - 14,131.25 - - - 9/4/2018 166764AU4 AMORTIZED PREMIUM ON CHEVRON CORP 2.91461 % 3/03/22 CURRENT YEAR AMORTIZATION - - - - - - (296.74) - - 9/4/2018 166764AU4 INTEREST EARNED ON CHEVRON CORP 2.91461% 3/03/22 $1 PV ON 500000.0000 SHARES DUE 9/3/2018 - - - - - 3,643.26 - - - 9/4/2018 30231GAV4 INTEREST EARNED ON EXXON MOBIL 2.222 % 3/01/21 $1 PV ON 500000.0000 SHARES DUE 9/1/2018 - - - - - 5,555.00 - - - 9/4/2018 3133EHTJ2 INTEREST EARNED ON F F C B DEB 2.1515% 8/01/22 $1 PV ON 230000.0000 SHARES DUE 9/1/2018 - - - - - 426.12 - - - 9/4/2018 9/4/2018 9/4/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 38,445.43 1.00 - - - (38,445.43) 38,445.43 - - 9/4/2018 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 8/31/2018 INTEREST FROM 8/1/18 TO 8/31/18 - - - - - 416.20 - 9/4/2018 45750TAG8 • AMORTIZED PREMIUM ON INLAND VLY CA DEV 3.627% 3/01/20 CURRENT YEAR AMORTIZATION - - - - - 413.73 9/4/2018 45750TAG8 INTEREST EARNED ON INLAND VLY CA DEV 3.627 % 3/01/20 $1 PV ON 230000.0000 SHARES DUE 9/1/2018 - - - - - 4,171.05 9/4/2018 54465AGK2 INTEREST EARNED ON LOS ANGELES CA 1.125% 9/01/19 $1 PV ON 270000.0000 SHARES DUE 9/1/2018 - - - - - 1,518.75 - - - 9/4/2018 649791EJ5 AMORTIZED PREMIUM ON NEW YORK ST REF SER 3.600 % 9/01/19 CURRENT YEAR AMORTIZATION - - - - - - (4,805.76) - - 9/4/2018 649791EJ5 INTEREST EARNED ON NEW YORK ST REF SER 3.600% 9/01/19 $1 PV ON 500000.0000 SHARES DUE 9/1/2018 - - - - - 9,000.00 - - - 9/5/2018 9/5/2018 9/5/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y Me (103,078.52) 1.00 - - - 103,078.52 (103,078.52) - - 9/5/2018 9/5/2018 9/5/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 118,844.72 1.00 - - - (118,844.72) 118,844.72 - - 9/5/2018 9/5/2018 9128284W7 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.750 % 8/15/21 - - - - (816.03) ` - - - 9/5/2018 9/4/2018 9/5/2018 9128284W7 PURCHASED PAR VALUE OF U S TREASURY NT 2.750 % 8/15/21 /BMO CAPITAL MARKETS CORP/BONDS/520,000 PAR VALUE AT 100.078125 % 520,000.00 1.00 520,406.25 520,406.25 9/5/2018 9/5/2018 9128284Y3 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.625% 8/31/20 - - - - - (561.98) - 9/5/2018 9/4/2018 9/5/2018 9128284Y3 PURCHASED PAR VALUE OF U S TREASURY NT 2.625% 8/31/20 /CITIGROUP GLOBAL MARKETS INC./1,550,000 PAR VALUE AT 99.94921871 % 1,550,000.00 1.00 - - - (1,549,212.89) 1,549,212.89 - - 9/5/2018 9/5/2018 912828F62 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.500 % 10/31/19 - �- 10,956.52 9/5/2018 9/4/2018 9/5/2018 912828F62 SOLD PAR VALUE OF U S TREASURY NT 1.500 % 10/31/19 /BMO CAPITAL MARKETS CORP./2,100,000 PAR VALUE AT 98.828125 % 2,100,000.00) 0.99 - - - 2,075,390.63 2,095,532.58) 20,141.95 - 9/6/2018 3133EHXH1 INTEREST EARNED ON F F C B 2.16019% 9/06/22 $1 PV ON 260000.0000 SHARES DUE 9/6/2018 483.64 - 9/6/2018 9/6/2018 9/6/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 243,719.09 1.00 - - - (243,719.09) 243,719.09 9/6/2018 9/6/2018 9/4/2018 9/6/2018 9/6/2018 717081DL4 717081DL4 RECEIVED ACCRUED INTEREST ON SALE OF PFIZER INC 2.100% 5/15/19 =- - - - - 1,618.75 - - SOLD PAR VALUE OF PFIZER INC 2.100 % 5/15/19 /CREDIT SUISSE SECURITIES (USA)/250,000 PAR VALUE AT 99.719 % 250,000.00 1.00 - - - 249,297.50 250,759.75 - 1,462.25 9/6/2018 717081DL4 AMORTIZED PREMIUM ON PFIZER INC 2.100 % 5/15/19 CURRENT YEAR AMORTIZATION - - - - - - 339.34 - 9/6/2018 9/6/2018 9128283H1 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.750 % 11/30/19 - - - - - 7,239.55 - - 9/6/2018 9/5/2018 9/6/2018 9128283H1 SOLD PAR VALUE OF U S TREASURY NT 1.750% 11/30/19 /CITIGROUP GLOBAL MARKETS INC./XOTC 1,545,000 PAR VALUE AT 99.034821 % (1,545,000.00) 0.99 - - - 1,530,087.98 (1,542,887.70) (12,799.72) . 9/6/2018 9/6/2018 9128284Y3 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.625% 8/31/20 - - - - - (672.20) - - 9/6/2018 9/5/2018 9/6/2018 9128284Y3 PURCHASED PAR VALUE OF U S TREASURY NT 2.625% 8/31/20 /NATWEST MKTS SECS/FIXED INCOME/1,545,000 PAR VALUE AT 99.95703107 % 1,545,000.00 1.00 - - - (1,544,336.13) 1,544,336.13 - . 9/7/2018 9/7/2018 9/7/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (249,662.50) 1.00 - - - 249,662.50 (249,662.50) - 9/7/2018 9/4/2018 9/7/2018 717081EM1 PURCHASED PAR VALUE OF PFIZER INC 3.000% 9/15/21 /CREDIT SUISSE SECURITIES (USA)/250,000 PAR VALUE AT 99.865 % 250,000.00 1.00 - - - (249,662.50) 249,662.50 - 9/11/2018 9/11/2018 191216BT6 RECEIVED ACCRUED INTEREST ON SALE OF COCA COLA CO THE 1.875% 10/27/20 - - - - - 3,489.58 - - - 32 Page 29 of 32 15111Pr RIVERSIDE COUNTY TRANSPORTATION COMMISSION Payden & Rygel Operating Portfolio Transaction Report Quarter ended September 30, 2018 Account Number: 001050990415 Transaction Settlement Date Trade Date Date Name: RIVERSIDE COUNTY TRANS COMM CUSIP Description Units Price Miscellaneous Commissions SEC Fees Fees Net Cash Amount Amount Short Term Long Term Federal Tax Cost Gain/Loss Gain/Loss Amount Amount SOLD PAR VALUE OF COCA COLA CO THE 1.875 % 10/27/20 /GOLDMAN SACHS & 9/11/2018 9/7/2018 9/11/2018 191216BT6 CO. LLC/XOTC 500,000 PAR VALUE AT 97.882 % (500,000.00) 0.98 - - - 489,410.00 (500,143.32) - (10,733.32) 9/11/2018 AMORTIZED PREMIUM ON COCA COLA CO THE 1.875 % 10/27/20 CURRENT YEAR 191216BT6 AMORTIZATION - - - - - - (29.33) - - 9/11/2018 INTEREST EARNED ON F F C B 2.07731 % 12/11/20 $1 PV ON 510000.0000 3133EH2J1 SHARES DUE 9/11/2018 - - - - - 912.29 - - - 9/11/2018 9/11/2018 3135GON33 RECEIVED ACCRUED INTEREST ON SALE OF F N M A 0.875 % 8/02/19 - - - - - 502.40 - - - 9/11/2018 9/10/2018 9/11/2018 SOLD PAR VALUE OF F N M A 0.875 % 8/02/19 /MORGAN STANLEY & CO. 3135GON33 LLC/530,000 PAR VALUE AT 98.551 % (530,000.00) 0.99 - - - 522,320.30 (529,109.60) - (6,789.30) 9/11/2018 9/11/2018 9/11/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 442,731.48 1.00 - - - (442,731.48) 442,731.48 - - 9/11/2018 9/11/2018 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.750% 9128283H1 11/30/19 - - - - - 4,801.74 9/11/2018 9/7/2018 9/11/2018 SOLD PAR VALUE OF U S TREASURY NT 1.750% 11/30/19 /NATWEST MARKETS 9128283H1 SECURITIES INC/975,000 PAR VALUE AT 98.992188 % 975,000.00 0.99 965,173.83 973,666.99 8,493.16 9/11/2018 9/11/2018 9128284Y3 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.625% 8/31/20 (1,232.37) 9/11/2018 9/7/2018 9/11/2018 PURCHASED PAR VALUE OF U S TREASURY NT 2.625 % 8/31/20 /MLPFS 9128284Y3 INC/FIXED INCOME/1,545,000 PAR VALUE AT 99.84765631 % 1,545,000.00 1.00 - - - (1,542,646.29) 1,542,646.29 - - 9/12/2018 9/12/2018 191216BV1 RECEIVED ACCRUED INTEREST ON SALE OF COCA COLA CO 1.375 % 5/30/19 - - - - - 973.96 - 9/12/2018 9/10/2018 9/12/2018 SOLD PAR VALUE OF COCA COLA CO 1.375% 5/30/19 /MILLENNIUM 191216BV1 ADVISORS, LLC/250,000 PAR VALUE AT 99.215 % (250,000.00) 0.99 - - - 248,037.50 (249,825.00) - 1,787.50 9/12/2018 9/12/2018 9/12/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (243,044.37) 1.00 - - - 243,044.37 (243,044.37) - 9/12/2018 9/12/2018 PAID ACCRUED INTEREST ON PURCHASE OF WALMART STORES INC 1.900 % 931142EA7 12/15/20 - - - - - (2,295.83) - - 9/12/2018 9/10/2018 9/12/2018 PURCHASED PAR VALUE OF WALMART STORES INC 1.900 % 12/15/20 /US 931142EA7 BANCORP INVESTMENTS INC./500,000 PAR VALUE AT 97.952 % 500,000.00 0.98 - - - (489,760.00) 489,760.00 9/13/2018 INTEREST EARNED ON F F C B DEB 2.14731 % 7/13/22 $1 PV ON 310000.0000 3133EHRD7 SHARES DUE 9/13/2018 - - - - - 573.21 - - 9/13/2018 9/13/2018 9/13/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y M. (254,501.29) 1.00 - - - 254,501.29 (254,501.29) - 9/13/2018 9/13/2018 9128284W7 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.750% 8/15/21 - - - - - (552.62) - - 9/13/2018 9/11/2018 9/13/2018 PURCHASED PAR VALUE OF U S TREASURY NT 2.750% 8/15/21 /NATWEST 9128284W7 MKTS SECS/FIXED INCOME/255,000 PAR VALUE AT 99.81250196 % 255,000.00 1.00 - - - (254,521.88) 254,521.88 - 9/14/2018 9/14/2018 9/14/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 72,152.38 1.00 - - - (72,152.38) 72,152.38 9/14/2018 9/14/2018 9/14/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (58,087.13) 250,000.00 1.00 - - 1.00 - - - 58,087.13 (58,087.13) 9/14/2018 9/11/2018 9/14/2018 PURCHASED PAR VALUE OF 3M COMPANY MTN 3.000 % 9/14/21 /CITIGROUP 88579YBA8 GLOBAL MARKETS INC./250,000 PAR VALUE AT 99.795 % - (249,487.50) 249,487.50 9/14/2018 9/14/2018 9128283Y4 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.250% 2/29/20 - - - - - 230.59 - 9/14/2018 9/13/2018 9/14/2018 SOLD PAR VALUE OF U S TREASURY NT 2.250% 2/29/20 /BMO CAPITAL 9128283Y4 MARKETS CORP./265,000 PAR VALUE AT 99.366853 % 265,000.00 0.99 - - - 263,322.16 265,014.54 1,692.38 - 9/14/2018 AMORTIZED PREMIUM ON U S TREASURY NT 2.250% 2/29/20 CURRENT YEAR 9128283Y4 AMORTIZATION - 1.60 9/17/2018 INTEREST EARNED ON AMERICAN EXPRESS 1.640% 12/15/21 $1 PV ON 02582JHG8 420000.0000 SHARES DUE 9/15/2018 - - - - - - 574.00 - - - 1,019.89 - - - 9/17/2018 AMORTIZED PREMIUM ON AUTOMATIC DATA 2.250% 9/15/20 CURRENT YEAR 053015AD5 AMORTIZATION 9/17/2018 INTEREST EARNED ON AUTOMATIC DATA 2.250% 9/15/20 $1 PV ON 053015AD5 450000.0000 SHARES DUE 9/15/2018 - - - - - 5,062.50 - - 9/17/2018 INTEREST EARNED ON BERKSHIRE HATHAWAY 2.200% 3/15/21 $1 PV ON 084670BQ0 471000.0000 SHARES DUE 9/15/2018 - - - - - 5,181.00 - - - 9/17/2018 AMORTIZED PREMIUM ON CHASE ISSUANCE TRUST 1.370% 6/15/21 CURRENT 161571HC1 YEAR AMORTIZATION - - - - - - (2.76) - - 9/17/2018 INTEREST EARNED ON CHASE ISSUANCE TRUST 1.370% 6/15/21 $1 PV ON 161571HC1 750000.0000 SHARES DUE 9/15/2018 PP-- - - - - 856.25 - - - 9/17/2018 9/17/2018 9/17/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 36,980.10 1.00 - - - (36,980.10) 36,980.10 - - 9/17/2018 9/17/2018 9/17/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,430.25 1.00 - - - (1,430.25) 1,430.25 - - 9/17/2018 INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV ON 459.8300 47787XAC1 SHARES DUE 9/15/2018 $0.00148/PV ON 310,000.00 PV DUE 9/15/18 - - - - - 459.83 - - - 9/17/2018 r INTEREST EARNED ON MERCEDES BENZ AUTO 1.790% 4/15/20 $1 PV ON 58769DAD2 551.9200 SHARES DUE 9/15/2018 $0.00149/PV ON 370,000.00 PV DUE 9/15/18 - - - - - 551.92 - - - 9/17/2018 INTEREST EARNED ON NISSAN AUTO LEASE 2.050% 9/15/20 $1 PV ON 375.8300 65479BAD2 SHARES DUE 9/15/2018 $0.00171/PV ON 220,000.00 PV DUE 9/15/18 - - - - - 375.83 - - - 9/17/2018 9/15/2018 9/17/2018 80284TAF2 PAID DOWN PAR VALUE OF SANTANDER DRIVE 1.770% 9/15/20 (23,736.97) 42.73 - - - 23,736.97 (23,736.81) - 0.16 9/17/2018 INTEREST EARNED ON SANTANDER DRIVE 1.770% 9/15/20 $1 PV ON 108.9800 80284TAF2 SHARES DUE 9/15/2018 $0.00148/PV ON 73,884.14 PV DUE 9/15/18 - - - - - 108.98 - - - 9/17/2018 INTEREST EARNED ON TOYOTA AUTO 1.760% 7/15/21 $1 PV ON 762.6700 89190BAD0 SHARES DUE 9/15/2018 $0.00147/PV ON 520,000.00 PV DUE 9/15/18 - - - - - 762.67 - - - 9/17/2018 INTEREST EARNED ON TOYOTA AUTO 1.730% 2/16/21 $1 PV ON 542.0700 89238MAD0 SHARES DUE 9/15/2018 $0.00144/PV ON 376,000.00 PV DUE 9/15/18 - - - - - 542.07 - - - 9/17/2018 INTEREST EARNED ON USAA AUTO OWNER 1.700% 5/17/21 $1 PV ON 198.3300 90290AAC1 SHARES DUE 9/15/2018 $0.00142/PV ON 140,000.00 PV DUE 9/15/18 - - - - 198.33 - - - 9/18/2018 9/18/2018 9/18/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 223.75 1.00 - - (223.75) 223.75 - - 9/18/2018 INTEREST EARNED ON HONDA AUTO 1.790% 9/20/21 $1 PV ON 223.7500 43814PAC4 SHARES DUE 9/18/2018 $0.00149/PV ON 150,000.00 PV DUE 9/18/18 223.75 33 Page 30 of 32 15111Pr RIVERSIDE COUNTY TRANSPORTATION COMMISSION Payden & Rygel Operating Portfolio Transaction Report Quarter ended September 30, 2018 Account Number: 001050990415 Transaction Settlement Name: RIVERSIDE COUNTY TRANS COMM Miscellaneous Federal Tax Cost Short Term Gain/Loss Long Term Gain/Loss 9/19/2018 9/19/2018 3130ABMP8 - (769,912.61) - - RECEIVED ACCRUED INTEREST ON SALE OF F H L B DEB 2.132 % 6/27/19 - - - - - 3,911.34 9/19/2018 9/18/2018 9/19/2018 3130ABMP8 SOLD PAR VALUE OF F H L B DEB 2.132% 6/27/19 /MORGAN STANLEY & CO. LLC/770,000 PAR VALUE AT 100.0097 % (770,000.00) 1.00 - - - 770,074.69 - 162.08 09/19/2018 43362 43362 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -110,786.4800 1.000000 - - - 110,786.48 (110,786.48) - - 09/19/2018 43362 43362 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 116,147.9600 1.000000 - - - (116,147.96) 116,147.96 - - 09/19/2018 43362 9128284Y3 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.625% 8/31/20 0.0000 0.000000 - - - (1,060.88) - - - 09/19/2018 09/18/2018 09/19/2018 -r 9128284Y3 PURCHASED PAR VALUE OF U S TREASURY NT 2.625% 8/31/20 /MLPFS INC/FIXED INCOME/770,000 PAR VALUE AT 99.68359351 % 770,000.0000 0.996836 - - - (767,563.67) 767,563.67 - - 09/20/2018 05584PAD9 INTEREST EARNED ON BMW VEHICLE LEASE 2.070% 10/20/20 $1 PV ON 172.5000 SHARES DUE 9/20/2018 $0.00173/PV ON 100,000.00 PV DUE 9/20/18 0.0000 0.000000 - - - 172.50 - - - 09/20/2018 17275RBG6 INTEREST EARNED ON CISCO SYSTEMS INC 1.400 % 9/20/19 $1 PV ON 40000.0000 SHARES DUE 9/20/2018 0.0000 0.000000 - - - 280.00 - 09/20/2018 09/20/2018 09/20/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 452.5000 1.000000 - - - (452.50) 452.50 09/21/2018 09/21/2018 3133EJJD2 3133EJJD2 RECEIVED ACCRUED INTEREST ON SALE OF F F C B DEB 2.540% 4/05/21 0.0000 0.000000 - - 0.990930 - - - 5,973.23 - 505,374.30 - S10,001.40) 4,627.10 - 09/21/2018 09/20/2018 09/21/2018 SOLD PAR VALUE OF F F C B DEB 2.540% 4/05/21 /HSBC SECURTTIES (USA) FXD INC/510,000 PAR VALUE AT 99.093% -510,000.0000 09/21/2018 3133EJJD2 AMORTIZED PREMIUM ON F F C B DEB 2.540% 4/05/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - 1 (3.70) - 09/21/2018 09/21/2018 3137EAEK1 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C M T N 1.875% 11/17/20 0.0000 0.000000 - - - 3,552.08 - - - 09/21/2018 09/20/2018 09/21/2018 3137EAEK1 SOLD PAR VALUE OF F H L M C M T N 1.875% 1 I/17/20 /MORGAN STANLEY & CO. LLC/550,000 PAR VALUE AT 97.986 % -550,000.0000 0.979860 - - - 538,923.00 (549,472.00) (10,549.00) - 09/21/2018 09/21/2018 09/21/2018 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -3,283.3200 1.000000 - - - 3,283.32 (3,283.32) - - 09/21/2018 09/21/2018 9128284Y3 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.625% 8/31/20 0.0000 0.000000 - - - (837.53) - - - 09/21/2018 09/20/2018 09/21/2018 9128284Y3 PURCHASED PAR VALUE OF U S TREASURY NT 2.625% 8/31/20 /MLPFS INC/FIXED INCOME/550,000 PAR VALUE AT 99.65234364 % 550,000.0000 0.996523 - - - (548,087.89) 548,087.89 - - 09/21/2018 09/21/2018 9128285A4 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.750% 9/15/21 0.0000 0.000000 - - - (232.46) - - - 09/21/2018 09/20/2018 09/21/2018 9128285A4 PURCHASED PAR VALUE OF U S TREASURY NT 2.750% 9/15/21 /MLPFS INC/FIXED INCOME/510,000 PAR VALUE AT 99.59765686% 510,000.0000 0.995977 - - - (507,948.05) 507,948.05 - - 09/24/2018 3133EHVR1 INTEREST EARNED ON F F C B DEB 2.076% 8/24/20 $1 PV ON 130000.0000 SHARES DUE 9/24/2018 0.0000 0.000000 - - - 232.40 - - - 09/24/2018 09/24/2018 09/24/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 6,480.2500 1.000000 - - - (6,480.25) 6,480.25 - - 09/24/2018 48I25LRJ3 AMORTIZED PREMIUM ON JP MORGAN MTN 2.92506% 9/23/19 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (905.68) - - 09/24/2018 48I25LRJ3 INTEREST EARNED ON JP MORGAN MTN 2.92506% 9/23/19 $1 PV ON 845000.0000 SHARES DUE 9/24/2018 0.0000 0.000000 - - - 6,247.85 - - - 09/25/2018 TRUST FEES COLLECTED CHARGED FOR PERIOD 08/01/2018 THRU 08/31/2018 COLLECTED BY DISBURSEMENT 0.0000 0.000000 (533.28) 09/25/2018 09/25/2018 09/25/2018 05582QAD9 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.I60% 11/25/20 -30,582.7300 0.000000 30,582.73 (30,582.59) 0.14 09/25/2018 05582QAD9 INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV ON 307.5400 SHARES DUE 9/25/2018 $0.00097/PV ON 318,149.84 PV DUE 9/25/18 0.0000 0.000000 - - - 307.54 - 09/25/2018 3133EHRZ8 INTEREST EARNED ON F F C B DEB 2.06475% 6/25/20 $ l PV ON 510000.0000 SHARES DUE 9/25/2018 0.0000 0.000000 - - - 906.77 - - - 09/25/2018 09/25/2018 09/25/2018 3136AMTM1 PAID DOWN PAR VALUE OF F NM A GTD REMIC 1.858% 9/25/18 -6,762.2300 7,691.397842 - - - 6,762.23 (6,760.49) - 1.74 09/25/2018 INTEREST EARNED ON F N M A GTD REMIC 1.858 % 9/25/18 $1 PV ON 13.3500 SHARES 3136AMTM1 DUE 9/25/2018 $0.00197/PV ON 6,762.23 PV DUE 9/25/18 0.0000 0.000000 - - - 13.35 - - - 09/25/2018 09/25/2018 09/25/2018 3136E IXP4 PAID DOWN PAR VALUE OF F NM A GTD REMIC 3.560% 9/25/21 -6,011.7800 0.000000 - - - 6,011.78 (6, I17.13) (105.35) - 09/25/2018 3136B1XP4 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.560% 9/25/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (105.93) - - 09/25/2018 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 634.0200 SHARES DUE 9/25/2018 $0.00297/PV ON 213,714.03 PV DUE 9/25/18 0.0000 0.000000 - - - 634.02 - - - 09/25/2018 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 213714.0300 SHARES DUE 9/25/2018 0.0000 0.000000 - - - 11.45 - - - 09/25/2018 09/25/2018 09/25/2018 3137BNN26 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.780% 7/25/19 -20,278.4400 0.000000 - - - 20,278.44 (20,330.25) - (51.81) 09/25/2018 3137BNN26 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.780% 7/25/19 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (13.42) - - 09/25/2018 3137BNN26 INTEREST EARNED ON F H L M C MLTCL MTG 1.780% 7/25/19 $ I PV ON 76.1800 SHARES DUE 9/25/2018 $0.00148/PV ON 51,355.77 PV DUE 9/25/18 0.0000 0.000000 - - - 76.18 - - - 09/25/2018 09/25/2018 09/25/2018 3137BPCF4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.376% 10/25/20 -22,086.0800 0.000000 - - 22,086.08 (22,085.90) - 0.18 e 09/25/2018 3137BPCF4 INTEREST EARNED ON F H L M C MLTCL MTG 1.376% 10/25/20 $ I PV ON 97.5000 SHARES DUE 9/25/2018 $0.00115/PV ON 85,026.18 PV DUE 9/25/18 0.0000 0.000000 - - 97.50 - - - 09/25/2018 09/25/2018 09/25/2018 3137FGZN8 PAID DOWN PAR VALUE OF F H L M C MLTCL 3.19393% 2/25/23 -4,499.7800 0.000000 - - - 4,499.78 (4,499.78) - - 09/25/2018 3137FGZN8 INTEREST EARNED ON F H L M C MLTCL 3.19393% 2/25/23 $1 PV ON 638.7900 SHARES DUE 9/25/2018 $0.00266/PV ON 240,000.00 PV DUE 9/25/18 0.0000 0.000000 - - - 638.79 - - - 09/25/2018 09/25/2018 09/25/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 6,787.0300 1.000000 - - - (6,787.03) 6,787.03 - - 09/25/2018 09/25/2018 09/25/2018 31846V203 PURCHASED UNJJS OF FIRST AM GOVT OB FD CL Y 85,586.3300 1.000000 - - - (85,586.33) 85,586.33 - - 09/26/2018 09/26/2018 3133EJZD4 PAID ACCRUED INTEREST ON PURCHASE OF F F C B DEB 2.960% 9/13/21 0.0000 0.000000 - - - (277.91) - - - 09/26/2018 09/25/2018 09/26/2018 3133EJZD4 PURCHASED PAR VALUE OF F F C B DEB 2.960% 9/13/21 /NOMURA SECURTTIES/FIX INCOME/260,000 PAR VALUE AT 99.585 % 260,000.0000 0.995850 - - - (258,921.00) 258,921.00 - - 09/26/2018 09/26/2018 09/26/2018 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,022,339.7700 1.000000 - - - (1,022,339.77) 1,022,339.77 - 09/26/2018 09/26/2018 9128283S7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.000% 1/31/20 0.0000 0.000000 - - - 805.43 - - ea 09/26/2018 09/25/2018 09/26/2018 9128283$7 SOLD PAR VALUE OF U S TREASURY NT 2.000% 1/31/20 /RBC CAPITAL MARKETS, LLC/260,000 PAR VALUE AT 99.03091538 % -260,000.0000 0.990309 - - - 257,480.38 (259,410.94) (1,930.56) 09/26/2018 ; 09/26/2018 9128283S7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.000% 1/31/20 0.0000 0.000000 - - - 3,190.76 - - _ 09/26/2018 09/25/2018 09/26/2018 9128283S7 SOLD PAR VALUE OF U S TREASURY NT 2.000% 1/31/20 /BMO CAPITAL MARKETS CORP./1,030,000 PAR VALUE AT 99.035156 % -1,030,000.0000 0.990352 - - - 1,020,062.11 (1,027,666.40) (7,604.29) - 34 Page 31 of 32 RIFRIVERSIDE COUNTY TRANSPORTATION COMMISSION Payden & Rygel Operating Portfolio Transaction Report Quarter ended September 30, 2018 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Short Term Long Tenn I Transaction Settlement Miscellaneous Federal Tax Cost Gain/Loss Gain/Loss Date Trade Date Date CUSIP Description Units Price Commissions SEC Fees Fees Net Cash Amount Amount Amount Amount Total 106,963.15 (124,552.94) (22,226.73) 35 Page 32 of 32 ATTACHMENT 17 LoGANCIRCLE P A R T NERS A MetLife Affiliate Riverside County Transportation Commission SHORT DURATION FIXED INCOME November 5, 2018 Logan Circle Partners, L.P. ■ MetLife Investment Management One MetLife Way ■ Whippany, NJ 07981 36 GLOBAL PRESENCE ➢ Logan Circle Partners, L.P. ("Logan Circle" or "LCP") is a MetLife, Inc. company and is part of MetLife Investment Management ("MIM"), MetLife Inc.'s Institutional Investment Management Business. ➢ MetLife has 49,000 employees worldwide with offices in more than 40 countries. • • • Philadelphia • r� Whippany ltegional Investment Offices Additional Investment Offices LOGANCIRCLE P A R TNER S A MetLife Affiliate 37 FIRM HIGHLIGHTS Business Structure MetLife Insurance LCP Employees Investment Management (MIM) I Logan Circle Partners 107 Employees (as of 9/30/2018) Portfolio Management 10 Research 39 Trading 18 Risk Management / Portfolio Analytics 3 Client Services 16 Legal / Compliance 5 Administration / Operations 16 ➢ Logan Circle is dedicated solely to the institutional marketplace and have $38.8 billions in total assets under management. ➢ The senior members of our Investment team have worked together on fixed income portfolios for 20 years. ➢ Suite of fixed income investment strategies includes broad coverage of both the risk spectrum (Enhanced Cash to High Yield) and the term structure (Short - Term to Long Duration). LCP Institutional Clients Assets by Client Type' (Millions as of 9/30/2018) Corporate $16,431 Sub -Advisory $15,452 Public $3,616 Insurance $543 Other $2,777 TOTAL: $38,818 Based on unaudited estimates and are subject to change. Fee paying assets under management as of 9/30Y18 LOGANCIRCLE P A R TNERS A MetLife Affiliate 38 FIXED INCOME TEAM Fundamental RESEARCH Credit Brian Funk, CFA Park Benjamin, CFA Zach Bauer, CFA Kevin Bowles, CFA Ian Bowman RA . o.omberg, 0E5 David Caras, CFA Jack Chan, CFA Rick Corbit Richard Davis, CFA Joseph Di Carlo, CFA Stephen Driscoll Michael Frey Brent Garrels Elyse Goldschmidt Matthew Higgins, CFA John Jennings, CFA Leo Keiser, CFA Brian Kish, CFA Kevin Kloeblen, CFA Richard 1 ee Jack Maine Christopher Meyer Hcicnc Mochlmaa, CFA Scott O'Donnell Michael Recchiuti Thomas Sarkis, CFA Yahyin Shen, CFA Joel Trujilo Scott Wancier Susan young Short Term Credit David Wheeler, CFA Municipal Sharon Carroll Joseph Gan kiewicz, CFA Robert Moore, CFA Trevor O'Connell, CFA William Schramm, CFA' Kimberley Slough' Structured Products* Kevin Hendrickson, CFA John Palphreyrran, CFA Joseph Watkins Sovereign Neev Wanvan Risk Management PORTFOLIO MANAGEMENT Jude Driscoll, CIO Todd Howard, CFA Andy Kronschnabel, CFA Al Leone, CFA Josh Lofgren, CFA Peter Mahoney Scott Moses, CFA Stephen Mullin, CFA Scott Pavlak, CFA Timothy Rabe, CFA RISK MANAGEMENT 1 PORTFOLIO ANALYTICS Ryan Dougherty Jordan Marron, CFA OirstrucnrodprontrIssndrmrldpaissrialySsime0eVi naseerthsrmitradr.gnasccoartalties Technical TRADING High Grade Dana Cottrell Anthony DeMana Steve Kelly, CFA Lou Petriello, CFA High Yield Tom McClintic Robb Barrett Ameera Besspiaa James Grace Spencer Tull° Sovereign Carrie Biemer, CFA Mike DeFazio Chns Magnus Structured Products* Kevin Hendrickson, CFA John Palphreyman, CFA Joseph Watk ns Money Markets I Rates Phillip Tran Municipal Vino2,ntDel Vecchio Kimberley Slough' William Schramm, CFA' LOGANCIRCLE P A R TNERS A Met Life Affiliate 39 3 CREDIT RESEARCH TEAM Brian Funk, CFA Managing Director, Head of Credit Research 35 Professionals Covering Corporate and Municipal Credit Consumer& Enerav&Basic Financials Industrials Municipals Telecom, Media& Utilities & Healthcare Materials Scott O'Donnell John Jennings, CFA Joe Gankiewicz, CFA Technology Midstream Ian Bowman Brent Gerais Zech Bauer, CFA Leo Keiser, CFA Elyse Goldschmidt Brian Kish, CFA Kevin Kloeblen, CFA Yahyin Shen. CFA Park Benjamin, CFA Rick Corbit Stephen Driscoll Michael Recchiuti Joel Trujillo Joseph DI Carlo, CFA Jack Maine Helene Moeh!man, CFA Rich Davis, CFA Matthew Higgins, CFA Richard Lee Tom Sarkis. CFA Sharon Carroll RobertMoore, CFA Trevor O'Connell, CFA Kevin Bowles, CFA David Caras, CFA Jack Chan, CFA Chris Meyer Scott Wancier, CFA Marc Bromberg. CFA Michael Frey Susan Young Regional Credit Teams LONDON CEEMEA Credit Jean-Luo Eberlln 10 profeomionsle covering EMU. 16 evg_ years experience+ BONG KONG Axis Credit Bel Fu 16 proreealonela covering Pals 16 avg. pars assonance+ SANTIAGO Latin America Credit Marto Cartes 12 proreaalonsia covering Win Americo 12 eery. years experience+ LOGANCIRCLE P A R TNERS A Met Life Affiliate 40 MARKET REVIEW Outlook and Current Themes ➢ GDP - Global growth diverges with the U.S. economy's momentum continuing to be driven by the strong labor market and stimulative fiscal policy, whose impact is expected to slightly diminish over the next year. Pace of domestic growth will fade in 2019 but will remain in the 2.5% to 3% range, well above the post -crisis average. Business and government spending assume greater importance in sustaining higher real GDP growth while consumer spending component remains stable. Impact of tariffs, other trade -related issues and a slowdown in the housing market could weigh on the positive growth outlook. ➢ Employment - Unemployment rate expected to drift lower barring a substantial upward move in the labor force participation rate. U.S. labor market remains historically tight by most indicators. The number of job openings exceeds the amount of job seekers for the first time, which has translated into higher wages given the shallow job pool of qualified job applicants. The seasonally - adjusted U.S. Quits Rate has reached 17-year highs, further evidence of employee confidence. Average hourly earnings data understates strength in weekly earnings growth data for non -supervisory and production workers. ➢ Consumer - Strength of consumer spending sustained by the increased pace of wage growth and low unemployment. Consumer confidence, which is highly correlated with the stock market, continues to rise, reaching multi -decades highs. U.S. real medium household income has reached a record level. Should energy prices spike higher or tariffs begin to push prices of consumer goods up significantly, the pace of spending growth may ease. ➢ Business - Corporate fundamentals continue to benefit from solid economic growth, which has produced stronger revenue growth, expanded operating margins and generated higher pre-tax earnings. Readings from confidence measures like the NFIB Small Business Optimism Index and CEO Confidence signal business cycle is likely to extend further. Potential for adverse outcomes arising from the unfolding trade and tariff actions supports our preference for U.S.-centric issuers. Late -cycle corporate behavior evident in selected non -financial subsectors as companies ramp up M&A activity and seek to increase shareholder returns through share buybacks and increased dividend payouts, which supports our more defensive approach in underweighting or avoiding selected non -financial sub -sectors. Production bottlenecks and supply chain disruptions coupled with selected labor shortages could pressure operating margins in coming quarters. ➢ U.S. Monetary & Fiscal Policy - Strength in the economy and financial markets as well as firming inflation will enable the Fed to carry on with its normalization program. The rates market has become more closely aligned with the Fed's dot plot forecast for rate hikes through the end of 2019. Recent and prospective changes in the makeup of the Fed as well as among member regional bank presidents is not expected to tilt the hawk/dove balance over the near term. Continued gradual removal of monetary policy accommodation combined with stimulative fiscal policy remains positive for the U.S. dollar despite forthcoming growth in federal deficits and looming ramp -up in Treasury issuance. ➢ Inflation - Despite late -summer dip in core CPI, U.S. inflation is expected to remain on a gradual upward path due to mounting wage pressures, higher energy prices and eventual flow -through impact of tariffs on imported consumer goods. Year -over -year core PCE has reached the Fed's 2% target. University of Michigan one-year consumer inflation expectations have risen from 2016-2017 levels. Changing costs for shelter, medical and education remain key factors of core service inflation, components which are not expected to decline. ➢ Residential / Commercial Real Estate - With the inventory of existing homes available for sale remaining at low levels, housing prices should continue to move higher, albeit at a slower pace. Consumers continue to benefit from rising take home pay via higher wages and reduced tax rates, although tax law changes create affordability challenges for higher priced homeowners in those states with higher income and property tax rates. Overall housing starts have slowed, with notable weakness in the multi- family sector. We do not see this as a reversal of the trend toward rental housing, as current levels of starts are in line with longer -term averages and vacancies remain near historic lows. With new supply peaking, commercial property vacancy rates should remain stable for most subsectors although lower quality retail properties may face challenges. ➢ Central Banks / International - Central banks are moving in the direction of less accommodation. The ECB's plan to finally halt QE at year-end and potentially undertake its first rate hike next summer is a precursor of higher global interest rates. Uncertainty over Brexit is likely to persist and foster market volatility but its ultimate impact is expected to be minor. Favorable developments on the trade front in terms of their relationship with the U.S. for North America and South Korea contrast with others such as China and the E.U. which could lead to adverse outcomes impacting currency valuations or the willingness to hold U.S. Treasuries. Emerging market volatility experienced in particular by Argentina and Turkey has subsided, stalling contagion into the broader EM market. The views presented above are Logan Qrde's and are subject to change over titre. There can be no anti prance that the views expressed above will prone accurate and should not be relied upon as a reliable indicator of future events. LOGANCIRCLE P A R T NE R S A Met Life Affiliate 41 PORTFOLIO REVIEW — Debt Reserve Fund Portfolio Characteristics As of June 30, 2018 Actual Portfolio Yield to Maturity 2.93% Duration 3.51 Years Average Quality (Moodys) Aaa Portfolio Market Value $17,831,499 As of September 30, 2018 Actual Portfolio Yield to Maturity 3.14% Duration 3.39 Years Average Quality (Moodys) Aaa Portfolio Market Value $17,842,317 Asset Allocation RMBS 9% Portfolio Performance' 3Q 2018 YTD Since Inception (8/1/2013) Total Debt Service Fund (Gross of Fees) 0.06% -0.66% 1.71 Total Debt Service Fund (Net of Fees) 0.04% -0.73% 1.61 % ICE BofAML U.S. Troasury Index 3-7 Year -0.23% -1.17% 1.18% Excess Retum +29 +51 +53 Past Performance is not indicative of fixture results. R fort ante returns for periods greater than one year are annualized. The performance benchmark shown for the Rverside County Debt Reserve Fund is the ICE BofAINL US TraaRr try 3-7 Year, which is a broad -based index consisting of U.S. Trregglry securities with an outstanding par greater or equal to $25 trillion and a maturity range from three to seven years, inclusive, reflecting total retum. LOGANCIRCLE P A R TNERS A Met Life Affiliate 42 6 PORTFOLIO REVIEW — 2017 Toll Revenue 1-15 Project Fund Portfolio Characteristics As of June 30, 2018 Actual Portfolio Yield to Maturity 2.263/0 Duration 0.55 Years Average Quality (Mood's) Aa3 Portfolio Market value $80,762,416 As of September 30, 2018 Actual Portfolio Yield to Maturity 2.42% Duration 0.45 Years Average Quality (Moody's) Aa3 Portfolio Market Value $75,772,308 Asset Allocation cnBs oP 22% Portfolio Performance' Since 3Q2018 YTD Inception (8/1/2017) 2017 Toll Revenue I-15 Project Fund (Gross of Fees) 0.59% 1.31% 1.50% 2017 Toll Revenue 1-15 Project Fund (Net of Fees) 0.56% 1.24% 1.40% ICE BofAML U.S. Troasury Index 0-2 Year 0.39% 0.95% 0.93% FTSE 6-Month Treasury Bill2 0.52% Fxo ss Rletum vs 0-2 Year +20 +36 +57 'Past performance is not indicative of future results. The Since Inception performance retums of the portfolio is as of the first full month following the funding date. The performance benchmark shown for the Rversrde County 115 Express Lanes 2017 Toll Revenue Project Portfolio is the ICE BofAIYL 0-2 Year U.S. Trans toy Index, which is a broad -based index consisting of US. Treasury securities with an outstanding par greater than or equal to $250 Trillion and a rrdurity range from zero to two years, reflecting total retum. LOGANCIRCLE P A R TNERS A Met Life Affiliate 43 7 PORTFOLIO REVIEW — 2013 SR-91 Project Residual Portfolio Characteristics Asset Allocation CMPS RIVES4% As of June 30, 2018 Actual Portfolio 4% Yield to Maturity 2.54% Duration 1.25 Years Average Quality (Moodys) Aa2 Portfolio Market Value $6,585,837 CIVBS Agency RIVES 4% 2% 3% As of September 30, 2018 Municipal Actual Portfolio 3% Yield to Maturity 2.81% Duration 1.37 Years Average Quality (Moodys) Aa2 Portfolio Market Value $6,616,646 Money Markets 1% Portfolio Performance' 3Q2018 Since Inception (2/1/2018) Riverside County 2013 SR 91 Project Residual Fund (Gross of Fees) 0.47% 1.04% Riverside County 2013 SR 91 Project Residual Fund (Net of Fees) 0.44% 0.97% ICE BofAML U.S. Tronalry Index 1-3 Year 0.19% 0.58% Lxc:Pqs Retum +28 +46 'Past perforrrance is not indicative of future results. Inception date 1/4/18. Perfam ance returns are calculated as of the first full month following the funeting date. The performance benchmark shown for the Rverside Carly 2013 Residual Fund Patfolio is the ICE BofAIvL 1-3 Year US Treasury Index, which is a broad -based index insisting of US Treasury securities with an outstandng par greater than or equal to $250 million and a maturity range from one to three years, reflecting total retum. LOGANCIRCLE P A R TNERS A Met Life Affiliate 44 8 PORTFOLIO REVIEW — 2017 Toll Revenue 1-15 Ramp Up Reserve Portfolio Characteristics As of June 30, 2018 Actual Portfolio Yield to Maturity 2.26% Duration 1.10 Years Average Quality (Moodys) Aaa Portfolio Market Value $7,970,925 As of September 30, 2018 Actual Portfolio Yield to Maturity 2.73% Duration 1.41 Years Average Quality (Moodys) Aaa Portfolio Market Value $7,995,779 Asset Allocation CM3S 25% Agency 6% Portfolio Performance' 3Q2018 Since Inception (1/1/2018) 2017 Toll Revenue 1-15 Ramp Up Reserve (Gross of Fees) 0.31% 1.25% 2017 Toll Revenue 1-15 Ramp Up Reserve (Net of Fees) 0.29% 1.18% ICE BofAIVL U.S. Troa.,ury Index 1-3 Year 0.19% 0.29% Excess Retum +12 +96 'Past performance is not indicative of future results. Inception date 12/5117. Performance retums are calculated as of the first full month following the funding date. The perforance benchmark shown for the Riverside County 115 Express Lanes Toll Revenue Reserve Portfolio is the ICE BofANL 1-3 Year U.S Treasury Index, which is a broad -based index consisting of U.S Treasury securities with an outstanding par greater than or equal to $250 million and a nalurity range from one to three years, reflecting total retum. LOGANCIRCLE P A R TNERS A Met Life Affiliate 45 9 RCTC PORTFOLIOS 2013 SR 91 Reserve and Residual Funds Portfolio Beginning Market value Net Flows (7/3/2013) Market Value Change in (9/30/2018) Market Value Debt Service Reserve Fund $17,667,869 ($1,274,770) $17,842,317 +$1,449,218 Portfolio Beginning Market value Net Flows (1/16/2018) Market Value Change in (9/30/2018) Market Value 2013 SR 91 Project Residual Fund $3,292,782 $3,276,000 $6,616,646 +$47,864 2017 1-15 Project Portfolio Beginning Market Value Net Flows (7/24/2017) Market value Change in (9/30/2018) Market Value 2017 Toll Revenue 1-15 Project Fund $98,562,718 ($24,314,075) $75,772,308 +$1,523,665 1-15 Express 2017 Project Sales Tax Revenue $56 043,134 ($56,4.80,618) $961 +$438,445 Beginning Market Value (12/5/2017) 2017 Toll Revenue 1-15 Ramp Up Reserve $7,723,487 $166,500 $7,995,779 +$105,792 Total Project $162,329,339 ($80,628,193) $83,769,048 +$2,067,902 LOGANCIRCLE P A R TNERS A Met Life Affiliate 46 DISCLAIMERS In general. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." Logan Circle Partners, L.P., a MetLife, Inc. company, is referred to herein as "Logan Circle" and is part of MetLife, Inc.'s institutional investment management business. No offer to purchase or sell securities. This Presentation is being provided to you, at your specific request. 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. Projections. Projections contained in this Presentation are based on a variety of estimates and assumptions by Logan Circle, including, among others, estimates of future operating results, the value of assets and market conditions at the time of disposition, and the timing and manner of disposition or other realization events. These estimates and assumptions are inherently uncertain and are subject to numerous business, industry, market, regulatory, competitive and financial risks that are outside of Logan Circle's control. There can be no assurance that the assumptions made in connection with the projections will prove accurate, and actual results may differ materially, including the possibility that an investor may lose some or all of its invested capital. The inclusion of the projections herein should not be regarded as an indication that Logan Circle or any of its affiliates considers the projections to be a reliable prediction of future events and the projections should not be relied upon as such. Neither Logan Circle nor any of its affiliates or representatives has made or makes any representation to any person regarding the projections and none of them intends to update or otherwise revise the projections to reflect circumstances existing after the date when made or to reflect the occurrence of future events, if any or all of the assumptions underlying the projections are later shown to be in error. For purposes of this paragraph, the term "projections" includes "targeted returns". Past performance. Past performance is not a reliable indicator of future results and should not be relied upon as the basis for making an investment decision. The information presented is only available for institutional client use. No reliance, no update and use of information. You may not rely on this Presentation as the basis upon which to make an investment decision. To the extent that you rely on this Presentation in connection with any investment decision, you do so at your own risk. This Presentation is being provided in summary fashion and does not purport to be complete. The information in the Presentation is provided to you as of the dates indicated and Logan Circle 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 Logan Circle's strategies and any represented benchmarks, which may derive from calculations or figures that have been provided 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. Knowledge and experience. You acknowledge that you are knowledgeable and experienced with respect to the financial, tax and business aspects of this Presentation and that you will conduct your own independent financial, business, regulatory, accounting, legal and tax investigations with respect to the accuracy, completeness and suitability of this Presentation should you choose to use or rely on this Presentation, at your own risk, for any purpose. Risk of loss. An investment in the strategy will be highly 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. Distribution of this Presentation. Logan Circle expressly prohibits any reproduction, in hard -copy, electronic or any other form, or any redistribution to any third party of this Presentation without the prior written consent of Logan Circle. This Presentation is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use is contrary to local law or regulation. No tax, legal or accounting advice. This Presentation is not intended to provide, and should not be relied upon for (and you shall not construe it as) accounting, legal, regulatory, financial 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. Confidentiality. By accepting receipt or reading any portion of this Presentation, you agree that you will treat the Presentation confidentially. This reminder should not be read to limit, in any way, the terms of any confidentiality agreement you or your organization may have in place with Logan Circle. LOGANCIRCLE P A R T NE R S A MetLife Affiliate 47 L1018509623[exp0319][All States] 11 ATTACHMENT 18 Payden&Rygel QUARTERLY PORTFOLIO REVIEW Riverside County Transportation Commission 3rd Quarter 2018 I li PAYDEN.COM LOS ANGELES I BOSTON I LONDON 1 MILAN 48 LETTER FROM THE CEO October 2018 As we are now in the fourth quarter of the year, investors are focused on "what the future will bring." Will it be a continuation of the last 12 months? The future obviously won't resemble the past. However, there are some important trends today that we would like to explore in a positive vein. The U.S. economy shows great strength. We think the business cycle is far from over. The consumer is strong and corporate balance sheets look healthy. Meanwhile, inflation is still under control. The big question everyone is asking is: where are interest rates going? Higher interest rates are a good thing if they're rising for the right reasons. And we think the right reasons are driving both higher rates and higher equity prices: strong economic growth and corporate profits. Further abroad, we see more challenges. Global economic growth has slowed somewhat this year, and higher interest rates and a stronger U.S. dollar may prove challenging for some economies. Brexit still looms, unfinished and uncertain, and European politics are as vexing as ever. Challenges and risks remain. September was a reflective month for Payden & Rygel. We opened our doors 35 years ago on September 12, 1983. We've grown globally, opening an office in London 20 years ago, in September 1998. More recently we opened a new office in continental Europe in Milan. Despite the changes and expansion, our ownership, governance structure and culture remain the same —quite extraordinary. My best wishes to you and your family for the coming holiday season. Health and happiness, Joan A. Payden President & CEO 49 2812 Riverside County Transportation Commission Portfolio Review and Market Update - 3rd Quarter 2018 PORTFOLIO CHARACTERISTICS (As of 9/30/2018) Portfolio Market Value Weighted Average Credit Quality Weighted Average Duration Weighted Average Yield to Maturity $51.4 million AA+ 1.52 years 2.79% SECTOR ALLOCATION 45% 40% 35% 30% 25% 20% 15% 10% 5%■■■■■-� 0% a buoy ��� Go Syr G ���m Po'oe �-o�o C.) a° ,S(2' �o 5� P DURATION DISTRIBUTION 60% 50% 40% 30% 20% 10% 0% 0-1 1-2 2-3 3+ Years PORTFOLIO RETURNS - Periods Ending 9/30/2018 RCTC Operating Portfolio ICE BofAML 1-3 Year US Treasury Index Periods over one year are annualized Since 3rd 2018 Trailing Inception Quarter YTD 1 Yr (3/1/15) 0.40% 0.73% 0.60% 0.19% 0.29% 0.03% 0.80% 0.51 % pPayden & Rygel • 333 South Grand Avenue • Los Angeles, California goo71 • (213) 625-igoo • www.payden.com 50 Portfolio Review and Market Update - 3rd Quarter 2018 2812 MARKET THEMES The third quarter was a tug-of-war between robust economic data and persistent geopolitical risk across the globe. The U.S. economy remained the anchor for global growth, with tailwinds coming from strong employment figures and corporate profits. Consequently, the Federal Reserve continued to raise interest rates, notching its eighth hike since the end of 2015. Headwinds outside the U.S. included volatility in emerging markets, overhang regarding Italian politics and the forthcoming departure of the UK from the euro zone. All in all, the tone across risk assets was broadly positive despite volatility in select sectors. Yields moved higher, but corporate credit risk premiums declined and equity prices increased globally. We believe the front end of the yield curve is the most attractive it has been in a decade as yields move up and provide higher total return potential and low return volatility. ■ The portfolio holds a diversified mix of credit sectors for income generation. ■ Corporate and securitized bonds outperformed Treasuries over the quarter as yield premiums fell. We view short credit as attractive given strong fundamentals and yield levels that we have not seen since 2009. ■ We remain active in both secondary and primary markets when pricing is supportive. ■ We continue to utilize floating-rate coupon bonds across a range of sectors in anticipation of higher front-end rates driven by an active Fed. ■ Short U.S. Treasury yields moved higher by 20 to 30 basis points, with the two-year maturity rising 0.29% to 2.82%. The slope between two- and five-year maturities continued its flattening trend, falling 0.08% to end the quarter at 13 basis points. ■ Our underweight duration position was additive to performance as Treasury yields increased. ■ Floating-rate positions contributed positively to performance as Treasury yields rose and LIBOR remained range bound. One -month LIBOR rose 0.17% to 2.26% and 3-month LIBOR rose 0.06% to 2.40%. ■ Corporate securities outperformed Treasuries during the quarter, benefiting from spread compression and yield advantage. ■ High -quality asset -backed securities outperformed Treasuries while providing diversification and flexible reinvestment opportunities. pPayden & Rygel • 333 South Grand Avenue • Los Angeles, California goo71 • (213) 625-igoo • www.payden.com 51 MARKET PERSPECTIVE With three quarters of the year in the books, one theme has driven the global economy and financial markets in 2018: divergence. U.S. economic growth has accelerated in 2018, while Chinese growth has decelerated (see Chart 1). With the two largest economies in the world moving in different directions, ripple effects were felt around the world. Higher U.S. interest rates, justified by stronger U.S. economic growth, produced knock -on effects in emerging markets. Weaker economic activity out of China also exerted a drag on global activity, from the emerging world to European exports. As a result, the market implications of global divergence appeared most clearly in equity returns. While the U.S. has returned almost 10% year-to-date (see Chart 2), the rest of the world has registered declines (except for Japan). As the U.S. con- tinues to grow above trend for the rest of the year, we will closely watch whether the global divergence theme continues. Chart 1: Divergence in 2018 — U.S. Nominal GDP Growth Accelerates as China Slows % Change Year -Over -Year 8% 7% 6% 5% 4% 3% 2% 1% 0% -1 % -2% -3 % -4% '06 — U.S. Nominal GDP YoY (LHS) — China Nominal GDP YoY (RHS) '07 '08 '09 '10 '11 '1 2 '13 '14 '15 '16 '17 '18 26% 24% 22% 20% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% aeakian0-RaA a6ueu oh Source: Bureau of Economic Analysis, National Bureau of Statistics of China Chart 2: Stock Returns Reflect The Divergence Theme — Major Index Total Returns Year -to -Date* Total Returns Year -to -Date 12% 9% 6% 3% U.S. S&P 500 MSCI Japan Index Index EURO STOXX MSCI Emerging Shanghai Stock Markets Index Exchange Composite Index Source: Standard and Poor's, MSCI, STOXX, Shanghai Stock Exchange, Bloomberg "As of 9/28/2018 52 9 fq Payden&Rygel LOS ANGELES I BOSTON I LONDON I MILAN PAYDEN.COM US DOMICILED MUTUAL FUNDS CASH BALANCE Payden/Kravitz Cash Balance Plan Fund EQUITY Equity Income Fund GLOBAL FIXED INCOME Emerging Markets Bond Fund Emerging Markets Corporate Bond Fund Emerging Markets Local Bond Fund Global Fixed Income Fund Global Low Duration Fund TAX-EXEMPT FIXED INCOME California Municipal Income Fund U.S. FIXED INCOME Absolute Return Bond Fund Cash Reserves Money Market Fund Core Bond Fund Corporate Bond Fund Floating Rate Fund GNMA Fund High Income Fund Limited Maturity Fund Low Duration Fund Strategic Income Fund U.S. Government Fund DUBLIN DOMICILED UCITS FUNDS EQUITY Global Equity Income Fund US Equity Income Fund LIQUIDITY FUNDS Euro Liquidity Fund Sterling Reserve Fund U.S. Dollar Liquidity Fund FIXED INCOME Absolute Return Bond Fund Global Bond Fund Global Emerging Markets Bond Fund Global Emerging Markets Corporate Bond Fund Global Government Bond Index Fund Global High Yield Bond Fund Global Inflation -Linked Bond Fund Global Short Bond Fund Sterling Corporate Bond Fund U.S. Core Bond Fund USD Low Duration Credit Fund For more information about Payden & Rygel's funds, contact us at a location listed below. Payden&Rygel 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 United Kingdom + 44 (0) 20-7621-3000 MILAN Corso Matteotti, 1 20121 Milan, Italy +39 02 76067111 53 ATTACHMENT 19 County of Riverside Treasurer s Pooled Investment Fund Se•tember '018 Contents Treasurer's Pooled Investment Fund Economy Market Data Portfolio Data Compliance Report Month End Holdings Hot air balloons over Lake Skinner in Temecula, Southwest Riverside County, CA. Digital Image. NBC San Diego. http://www.nbcsandiepo.com/news/local/temecula-vallev-2014-balloon-wine-festival-north-san-dieao-9l,11429.51 html COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 55 1 Treasurer's Pooled Investment Fund Quarterly Commentary We are proud to announce that we are unveiling a new, more interactive way to read the monthly Treasurer's Pooled Investment Fund (TPIF) report. Follow the link on the Treasurer's website to see it for yourself. We hope you enjoy. This month, the stock market and the economy continued to show resilience in the face of the US -China trade war and some turbulence in domestic politics. The Federal Reserve (FED) hiked short-term interest rates as expected and the S&P 500 reached another record -high of 2,930. Fitch has once again affirmed the TPIF's AAA rating, Fitch's highest possible rating. On September 24, the U.S. implement- ed another round of tariffs on imports from China, a 10 percent tax on $200bn worth of Chinese imports; this is on top of the $50bn worth already taxed earlier this year. China immediately retaliated with 5 to 10 percent tariffs on $60bn worth of U.S. goods. Emerging market fears over Brazil, Ar- gentina, Turkey, and South Africa contin- ue this month; however, the U.S. equity market continues to strengthen. Treasurer's Statement Higher Rates Begin to Sting Despite the trade war between the world's two largest economies, the U.S. economy is coasting into its tenth consec- utive year of expansion. In recent months, job gains have been strong, the unem- ployment rate has remained low and measures of inflation have been in -line with the FED's long-term goal. Improving consumer confidence, strong retail sales and steady household spending are signs that the economy should continue on its path for at least the short-term. Citing a strong job market and stable inflation during their September 26 meet- ing, the Federal Open Market Committee (FOMC) raised the target range for the federal funds rate from 1.75-2.00% to 2.00 -2.25%. This rate hike marks the third of the calendar year, sixth since 2017, and brings FED funds within 75 basis points of its projected neutral FED funds rate of 3.00%. Reaching the FED's neutral rate increases the chances for the end of the FED's current rate hike cycle. The housing sector remains strong, evidenced by the annual growth in house prices remaining above 6 percent since October 2017. However, there have been 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. 6-Month Pool Performance some early signs of the housing market beginning to cool off, such as recent downward trends in house price indices, housing starts, construction permits for new houses, new home sales, and lumber prices. September saw steady increases in intermediate Treasury yields. The 2-year yield started the month at 2.63% and rose to finish at 2.82% and the 5-year yield started the month at 2.74% and rose to finish at 2.96%. The Treasury curve steep- ened slightly, with the 2-year-to-5-year spread starting the month at +11 and rising to finish the month at +14. General- ly, curve steepening is a sign of investors' confidence that the economy is strength- ening and that the risk of inflation is in- creasing. In the face of negative headlines, in- vestors continue to drive stock prices and bond yields higher. Thanks to these higher yields in the fixed income market, our TPIF yield now exceeds 2.00% for the first time since 2009! Jon Christensen Treasurer -Tax Collector Capital Markets Team Jon Christensen Treasurer -Tax Collector Giovane Pizano Chief Investment Manager Steve Faeth Sr. Investment Manager Isela Licea Assistant Investment Manager Jake Nieto Administrative Services Assistant Month End Market Month End Book Value ($)* Value ($) Paper Gain or Loss ($) Paper Gain or Book Yield Loss (%) (%) WAM (Yrs) 18-Sep 18-Aug 18-Jul 18-Jun 18-May 18-Apr 6,010,617,673.04 5,91 1,098,915.70 5,978,974,759.31 6,488,967,672.40 7,108,808,189.85 7,705,324,013.51 6,046,972,952.10 5,941,969,016.43 6,015,426,250.42 6,525,613,476.09 7,140,053,875.23 7,744,877,200.23 (36,355,279.06) (30,870,100.73) (36,451,491.11) (36,645,803.69) (31,245,685.38) (39,553,186.72) - 0.60% -0.52% - 0.61 % -0.56% - 0.44% -0.51 % 2.01 1.96 1.92 1.88 1.82 1.75 1.16 1.20 1.24 1.17 1.11 1.04 *Market values do not include accrued interest. COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 56 2 Economy National Economy The US housing market slows as rising prices continue to out- pace wage growth and interest rises. [NY Times; 10/02/2018] • U of M Consumer Sentiment Index nears highest in fourteen years in September. [FRED/Tradina Economics; 10/02/2018] • Real annual growth of advanced retail and food service sales exceeds 3.5% in last three of four months. (FRED. 10/02/2018] • The seasonally adjusted annualized rate (SAAR) of car sales is expected to fall four percent in September, owing to Hurricane Florence and rising interest rates. Reuters* 10/02/2018]. U of M: Consumer Sentiment Index 103.8 98.1 100.0 90.0 80.0 70.0 60.0 101.4 100.1 100.7 50.0 00 Ob 05 Ob O� 00 61 \O `\ \� \5 \� \5 \b \� \'b 55�� 5�� 5�� 5° 5° 5° 5° 5° 5° 5° 5° 5° 5° 5° 5° Case-Shiller Nat'l Home Price Index - Y/Y 7.0% 6.5% 6.0% 5.5% 5.0% 4.5% 4.0% \‘'D \<*) \b `, 4' p� \b \b ,J\ 0 a�\1 Key Economic Indicators \1 \� \O \`b State Economy Annual employment growth in California of 2.0% exceed- ed the national pace of 1.6% in July, led by gains in the construction sector (4.7%). [Bank of the West* 10/03/2018]. • 287k workers in California are exposed to China's initial round of $50bn in retaliatory tariffs. [Marketwatch/BLS. 10/03/2018] • Single family home (SFH) sales SAAR statewide and in River- side County fell 6.6% in August from the same month last year; SFH prices rose 5.5% statewide and 3.3% in Riverside County over the same period. [CAR* 10/03/2018] Adv. Real Retail and Food Service Sales - Y/Y 4.0% - 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% \5 G\`D POD Oe i 7.0% 6.0% 5.0% 4.0% 3.0% i b P i PJ0 OeG Q�` PJ`° OeG QQ` POD U3 Unemployment Rate - US - CA Riverside County NNNN 4 G P O P P O Q P O Q P 3.9% Release Date Indicator Actual Consensus Difference 09/27/2018 09/07/2018 09/07/2018 09/13/2018 09/13/2018 09/06/2018 09/26/2018 09/06/2018 09/27/2018 Real GDP - Q/Q Change - 2Q18 (3rd estimate) Unemployment Rate - Seasonally Adjusted Non -Farm Payrolls - M/M Change CPI - Y/Y Change CPI Ex Food and Energy - Y/Y Change Non -Manufacturing Index (> 50 indicates growth) New Home Sales - SAAR Factory Orders - M/M Change Durable Goods Orders - M/M Change 4.20% 3.90% 201,000 2.70% 2.20% 58.5 629,000 -0.80% 4.50% 4.30% 3.80% 195,000 2.80% 2.30% 56.8 630,000 -0.70% 2.20% - 0.10% 0.10% 6,000 - 0.10% - 0.10% 1.70 - 1,000 - 0.10% 2.30% COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 57 3 Market Data FOMC Meeting 09/26/2018 • The FOMC stated data received from their last meeting in August "indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate." • The Federal Reserve raised the Fed Funds Target Rate to 2.00-2.25% from 1.75-2.00%. • "Risks to the economic outlook appear roughly balanced", stated the FOMC in their August 1, 2018 press release. • The next FOMC policy statement meeting is scheduled for November 8, 2018. Fed Funds Target Rate (Upper Limit) 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 1 1 N� N$ N� N2 �$ N5b \� Nb ^ cpY OGv �oJ Qec ,d• Few �o� P9s0d� , J,� SJ� PJ� Se9,\9' US Treasury Curve 3.50 3.00 P 2.50 r 2.00 1.50 0 + 08/31/2018 t 09/28/2018 5 10 15 Years 20 25 30 Treasury Curve Differentials 3 Mo 6 Mo 1 Yr 2 Yr 3 Yr 5 Yr 10 Yr 30 Yr 09/28/2018 - 08/31/2018 09/28/2018 08/31 /2018 2.11 2.28 2.46 2.62 2.70 2.74 2.86 3.02 The US Treasury Curve and its forecasted values are subject to frequent change and will be updated monthly with each issued TPIF report. 0.08 0.08 0.13 0.19 0.18 0.20 0.19 0.17 2.19 2.36 2.59 2.81 2.88 2.94 3.05 3.19 COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 58 4 Market Data cont'd 79.00 74.00 69.00 64.00 59.00 54.00 49.00 Nymex Crude (left) Ethanol (right) Commodities Nymex Nat Gas (right) 44.00 .\1 �� �� S°e ÷o roc °� 28,000.00 26,000.00 24,000.00 22,000.00 Dow Jones �b \b S0q Industrial Metals (left) Precious Metals (left) Iron Ore (right) 95.00 210.00 4.00 90.00 190.00 3.50 85.00 170.00 *** 80.00 3.00 150.00 - 75.00 2.50 \ _ �� \ - 70.00 130.00 2.00 \ / 65.00 110.00 60.00 1.50 90.00 55.00 1.00 70.00 50.00 ,\1 �� \cb Ng) \``b S°e' �°�' �a� ' �a�' ��� Sep Stocks 8,000.00 NASDAQ 100 3,000.00 (Left) S&P 500 (right) 7,500.00 2,800.00 700000 6,50000 2,600.00 2,400.00 6,000.00 2,200.00 20,000.00 5,500.00 �1 11 \q' N`b 1b <b \c6 1 1 �0 �0 <b <b 509 Sep °'��� 2,000.00 *Values listed on this page are in US dollars and are based on the final business day of each month. COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 5 59 Portfolio Data The County of Riverside's Treasurer's Pooled Investment Fund is currently rated AAA-bf by Moody's Investor Service and AAAf/S1 by Fitch Ratings. Moody's Asset Rating (000's) Book MKT/Book % Book Yield Aaa Aal Aa2 Aa3 Al NR Totals: 3,651,716.24 98.90% 60.39% 1.88% 349,017.81 100.41 % 5.77% 2.23% 281,820.70 100.31 % 4.66% 2.41 % 774,253.70 100.28% 12.80% 2.27% 10,000.00 100.00% 0.17% 2.59% 980,164.50 99.95% 16.21 % 2.12% 6,046,972.95 99.40% 100.00% 2.01 % S&P Asset Rating (0OO's) Book MKT/Book % Book Yield AAA AA+ AA AA- A+ NR Totals: 331,168.90 100.21 % 5.48% 2.27% 3,667,565.02 98.96% 60.65% 1.87% 126,905.46 100.48% 2.10% 2.33% 866,169.07 100.1 1 % 14.32% 2.31 % 75,000.00 100.00% 1.24% 2.50% 980,164.50 99.95% 16.21 % 2.12% 6,046,972.95 99.40% 100.00% 2.01% 12-Month Projected Cash Flow AA AA_ A+ 2% 14% 1 % NR 16% AAA Al <1 % Required Monthly Monthly Matured Month Receipts Disbursements Difference Investments Balance Actual Investments Available to Maturing Invest> 1 Year 10/2018 10/2018 1,051 .06 1,100.00 (48.94) 1 1 /2018 1,125.00 1,100.00 25.00 12/2018 2,350.00 1,100.00 1,250.00 82.50 33.56 1,406.82 58.56 384.50 1,308.56 01 /2019 1,000.00 2,100.00 (1,100.00) 208.56 558.66 02/2019 850.00 1,050.00 (200.00) 8.56 255.34 03/2019 1,350.00 1,200.00 150.00 158.56 158.31 04/2019 2,000.00 1,300.00 700.00 858.56 16.10 05/2019 1,200.00 2,050.00 (850.00) 8.56 184.46 06/2019 1,050.00 1,850.00 (800.00) 791.44 154.09 07/2019 969.28 1,250.00 (280.72) 280.72 08/2019 900.00 1,200.00 (300.00) 300.00 09/2019 1,100.00 1,200.00 (100.00) 100.00 166.58 166.24 68.75 TOTALS 1 4,945.34 16,500.00 (1,554.66) 1,472.16 24.35% 2,725.98 3,519.85 58.21 % 4,574.81 75.65% * Values listed in Cash Flow Table are in millions of USD. Based on historic and current financial conditions within the County, the Pool is expected to maintain sufficient liquidity of funds to cover County expenses for the next twelve months. COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 60 6 Portfolio Data cont' d Asset Maturity Distribution (Par Value, 000's) 2,000,000 1,500,000 1,000,000 500,000 22.50% 1,364,819.04 0-1 Mos 7.37% 447,128.00 Asset Allocation (000's) 1-3 Mos 28.99% 1,758,518.00 3-12 Mos 16.19% 982,074.00 1-2 Yr 13.85% 840,254.00 2-3 Yr 11.09% 672,960.00 3-5 Yr Assets Scheduled Book Scheduled Market Mkt/ Sch Book Yield WAL (Yr.) Mat (Yr.) TREAS AGENCIES MMKT CASH CALTRUST FND COMM PAPER NCDS MEDIUM TERM NOTES MUNI LOCAL AGCY OBLIG 193,953.58 3,059,637.48 88,994.51 770,000.00 24,000.00 767,139.82 723,931.28 212,505.21 206,651.08 160.00 193,726.97 3,017,593.26 88,994.51 770,000.00 24,000.00 773,109.40 723,931.28 212,451.18 206, 651.08 160.00 99.88% 98.63% 100.00% 100.00% 100.00% 100.78% 100.00% 99.97% 100.00% 100.00% 1.84% 1.80% 2.05% 2.11% 2.19% 2.37% 2.39% 2.47% 1.73% 2.46% 0.47 1.93 0.00 0.00 0.00 0.26 0.28 1.27 1.16 1.71 0.47 1.99 0.00 0.00 0.00 0.26 0.28 1.29 1.16 1.71 Totals: 6,046,972.95 6,010,617.67 99.407. 2.017. 1.14 1.17 * For details on the Pool's composition see Month End Portfolio Holdings, pages 9 to 13. TIMMI 2.50% 2.00% - 1.50% - 1.00% 1.25% 1.22% Pool Yield TIMMI 1.27% 1.23% 1.39% 1.32% 1.45% 1.25% 1.88% 1.92% 1.47% 1.51 % 1.53% 1.54% 1.63% 1.75% 1.80% 1.88% 1.96% 2.01 % 1.82% 2.08% 2.07% 2.06% 2.17% 1.93% \1 �$ ��� of �� t,\� \� �� J\\$ ' \� �� SeP Oo\" �o 9eG�3 �a Fe � pQ OC' )�() PJ�Sep The Treasurer's Institutional Money Market Index (TIMMI) is a composite index of four AAA rated prime institutional money market funds. Their aggregate yield is compared to the yield of the Treasurer's Pooled Investment Fund in the above graph. COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 61 7 Compliance Report Compliance Status: Full Compliance The Treasurer's Pooled Investment Fund was in full compliance with the County of Riverside's Treasurer's State- ment of Investment Policy. The County's Statement of Investment Policy is more restrictive than California Gov- ernment Code 53646. The County's Investment Policy is reviewed annually by the County of Riverside's Over- sight Committee and approved by the Board of Supervisors. Investment Category MUNICIPAL BONDS U.S. TREASURIES LOCAL AGENCY OBLIGATIONS (LAO) FEDERAL AGENCIES COMMERCIAL PAPER (CP) CERTIFICATE & TIME DEPOSITS (NCD & TCD) REPURCHASE AGREEMENTS (REPO) REVERSE REPOS MEDIUM TERM NOTES (MTNO) CALTRUST SHORT TERM FUND MONEY MARKET MUTUAL FUNDS (MMF) LOCAL AGENCY INVESTMENT FUND (LAIF) CASH/DEPOSIT ACCOUNT GOVERNMENT CODE Maximum Authorized S&P/ Maturity % Limit Moody's 5 YEARS 5 YEARS 5 YEARS NO LIMIT NA NO LIMIT NA NO LIMIT NA 5 YEARS NO LIMIT AAA 270 DAYS 40% Al/P1 5 YEARS 30% NA 1 YEARS NO LIMIT NA 92 DAYS 20% NA COUNTY INVESTMENT POLICY Maximum Maturity Authorized % S&P/ Moody's Limit 4 YEARS 5 YEARS 3 YEARS 5 YEARS 270 DAYS 1 YEAR 45 DAYS 60 DAYS 5 YEARS 30% A 3 YEARS NA NA 60 DAYS (i) 20% NA NA NA NA NA NA NA AAA/Aaa (2) NA DAILY LIQUIDITY DAILY LIQUIDITY DAILY LIQUIDITY Actual % 15% AA-/Aa3/AA- 3.42% 100% 2.50% 100% 40% 25% Combined NA INVESTMENT GRADE NA Al/Pl/F1 Al/Pl/Fl 40% max, 25% in term repo Al/P1/F1 over 7 days 10% NA 3.21 <0.1 % 50.60% 12.69% 11.97% 0.00% 0.00% 20% AA/Aa2/AA 3.51% 1.00% NA 0.40% AAA by 2 Of 3 20% RATINGS 1.47% AGC. Max $50 million NA NA NA 1 Money Market Mutual Funds maturity may be interpreted as a weighted average maturity not exceeding 60 days. 2 0 r must have an investment advisor with no fewer than 5 years experience and with assets under management of $500,000,000 USD. 0.00% 12.73% THIS COMPLETES THE REPORT REQUIREMENTS OF CALIFORNIA GOVERNMENT CODE 53646. COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 8 62 CD Month End Portfolio Holdings Fund:1 POOL FUND O O O N h O G O C O � � [V O O O O O O O O 00000 N O_O_ 0 0 0 O O O 0 0 0 0 o m o 0 O O O O O M O O O O O O O O O O O O O C M N N O O O O O O O O O O O O O N N 8 tJ C tJ C tJ h N g O O O O O m m O O O O O O m m O O N N N 8 8 8 8 ESSS Nth M O O O O O O O O ggggign o i N N N MOOmNcr'!NN rnrnrnw0000 V E O n m OM m. m. N N N N ........ 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M^ M N N N N N M N N O r MNO W W V M r M NMM V V MM N� V V fpM �!� N!� rM 14 N � N N N N N N N N N N N N N N N N ONN NN�VNONO.00NNNNNN_NOO�NO m V N N- M M M M N M M N N M N 1� r M M M fV � � � - - N N M W m W W N N N W W W W m N N W N N W N N N N N W N N W N W N N W N O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N M N N 'GN N O:2 N N N:2 N N:2 � N O O W O o 7 011' 0 0 0 O O O O O O.-O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 N V V a W W a W Oi V V W i w m ”- LP 0 o o m N rn o M } } } M M Z Z N Yrl } W N} M }}M 2 MN Om� 2 r }}}}} N} }}}} N N} N N N M m N 0} O M r g W M M O N C N M N lV N lV M M N N N , N N , V N V N , N N W V , V V N Lt a �� N r N r �� M $k2I NiD945W,U1'gain-��"� g'iiM a'.‹°2aaaa�aa ”'I' aaaaa`Nealaa1g L¢' as N M M M M M N M N M M M M M N M tM M M M N M M M M M N M N M N M M M N M M M W Month End Po nfolio Holdings C USIP Description Maturity Date Coupon Yield To Mat Par Value Book Market Market Unrealized Modified Years To Value Price Value Gain/Loss Duration Maturity 1760: FHLB-SIEP°A-Q 30/360 3130A8UH4 FHLB 3YrNc M oB 08/15/2019 2.000 2.000 25,000,000.00 25,000,000.00 1765: FHLB-SlEP"k-S 30/360 3130A9DH1 FHLB SYrNc 3M oB 3130A9DA6 FHLB SYrNc 3M oB 3130AA2T4 FHLB SYrNc 6M oB 3130AA274 FHLB SYrNc 6M oB 3130AA5A2 FHLB SYrNc 1YrB 3130ABQV1 FHLB SYrNc 6M oB 3130ABVZ6 FHLB SYrNc 6M oB 3130ABZW9 FHLB SYrNc 3M oB 3130AC6H2 FHLB SYrNc 3M oB 3130AC418 FHLB SYrNc 3M oB 3130A9N3 FHLB 3.4YrNc 2M oB 3130AA5Y0 FHLB 4.16YrNc 2M oB 09/ 30/ 2021 09/ 30/ 2021 12/09/2021 12/09/2021 12/08/2021 07/ 26/ 2022 02/09/2022 08/24/2022 08/24/2022 05/24/2022 11/08/2021 11/25/2022 1.500 1.500 1.600 1.600 1.700 2.000 1.750 2.000 2.000 1.800 1.250 1.375 1.500 1.500 1.600 1.600 1.700 2.000 1.750 2.000 2.000 1.800 2.210 2.023 15,000,000.00 15,000,000.00 10,000,000.00 10,000,000.00 15,000,000.00 15,000,000.00 20,000,000.00 10,000,000.00 15,000,000.00 20,000,000.00 10,000,000.00 5,100,000.00 160,100,000.00 25,000,000.00 99.849000 24,962,250.00 25,000,000.00 99.849000 24,962,250.00 15,000,000.00 97.129000 14,569,350.00 15,000,000.00 97.103000 14,565,450.00 10,000,000.00 96.642000 9,664,200.00 10,000,000.00 96.642000 9,664,200.00 15,000,000.00 97.472000 14,620,800.00 15,000,000.00 97.460000 14,619,000.00 20,000,000.00 97.796000 19,559,200.00 10,000,000.00 96.724000 9,672,400.00 15,000,000.00 96.521000 14,478,150.00 20,000,000.00 97.581000 19,516,200.00 9,690,500.00 96.668000 9,666,800.00 4,967,400.00 97.266000 4,960,566.00 159,657,900.00 97.161971 155,556,316.00 -37,750.00 -37,750.00 -430,650.00 -434,550.00 -335,800.00 -335,800.00 -379,200.00 -381,000.00 -440,800.00 -327,600.00 -521,850.00 -483,800.00 -23,700.00 -6,834.00 -4,101,584.00 1767: FHL&Var--M A/360 3130A9FU0 FHLB 4Yr 09/22/2020 2.362 2.362 10,000,000.00 10,000,000.00 100.341000 10,034,100.00 34,100.00 3130A9FM8 FHLB 4Yr 09/22/2020 2.362 2.362 15,000,000.00 15,000,000.00 100.341000 15,051,150.00 51,150.00 3130A9FR7 FHLB 4Yr 09/28/2020 2.392 2.392 10,000,000.00 10,000,000.00 100.366000 10,036,600.00 36,600.00 3130A9FR7 FHLB 4Yr 09/28/2020 2.392 2.392 15,000,000.00 15,000,000.00 100.366000 15,054,900.00 54,900.00 2.377 50,000,000.00 50,000,000.00 100.353500 50,176,750.00 176,750.00 1770: FHLBVar-Q A/360 3130A8N F6 FHLB 3Yr 07/01/2020 2.462 2.462 25,000,000.00 25,000,000.00 100.448000 25,112,000.00 112,000.00 _ 2.462 25,000,000.00 25,000,000.00 100.448000 25,112,000.00 112,000.00 1900: FFC&DISC NOTE 313313L71 FFCB DISC NOTE 10/24/2018 1.620 1.644 20,000,000.00 20,000,000.00 19,705,700.00 99.865000 19,973,000.00 19,772,700.00 99.865000 19,973,000.00 267,300.00 2STa00.00 868 .874 .868 .874 2.928 3.003 2.928 3.003 3.085 3.195 3.085 3.195 3.075 3.192 3.650 3.822 3.240 3.364 3.727 3.901 3.727 3.901 3.496 3.649 3.006 3.110 3.987 4.156 1.961 1.981 1.961 1.981 1.983 1.997 1.983 1.997 Mir Al 1.728 1.753 1.728 1.753 .065 .066 O6 1925: FPO& Fxd-S 30/ 360 3133EFHH3 FFCB 3YrNc 3M oA 10/15/2018 1.110 1.110 5,000,000.00 5,000,000.00 99.952000 4,997,600.00-2,400.00 .041 .041 3133ER/38 FFCB 3YrNc 1YrA 03/29/2019 1.250 1.250 10,310,000.00 10,310,000.00 99.385000 10,246,593.50-63,406.50 .490 .493 3133EF5D5 FFCB 4YrNc 1YrA 04/27/2020 1.420 1.420 7,700,000.00 7,700,000.00 97.889000 7,537,453.00-162,547.00 1.543 1.575 3133EG NY7 FFCB 2.5YrNc 3M oA 01/28/2019 1.110 1.110 25,000,000.00 25,000,000.00 99.497000 24,874,250.00-125,750.00 .327 .329 3133EG SA4 FFCB 4YrNc 1YrA 08/24/2020 1.320 1.320 10,000,000.00 10,000,000.00 97.223000 9,722,300.00-277,700.00 1.868 1.901 3133EGVK8 FFCB 4YrNc 1YrA 09/21/2020 1.350 1.350 10,000,000.00 10,000,000.00 97.160000 9,716,000.00-284,000.00 1.942 1.978 3133EGXX8 FFCB 4YrNc 1YrA 10/13/2020 1.340 1.340 15,000,000.00 15,000,000.00 97.043000 14,556,450.00-443,550.00 1.990 2.038 3133EG C94 FFCB 4YrNc 3M oA 11/02/2020 1.380 1.380 10,000,000.00 10,000,000.00 97.038000 9,703,800.00-296,200.00 2.041 2.093 3133EG R49 FFCB 4YrNc 1YrA 12/07/2020 1.770 1.770 10,000,000.00 10,000,000.00 97.705000 9,770,500.00-229,500.00 2.124 2.189 3133EHAJ2 FFCB 3YrNc 1YrE 02/27/2020 1.710 1.710 10,000,000.00 10,000,000.00 98.557000 9,855,700.00-144,300.00 1.384 1.411 3133EHNY5 FFCB 1.5Yr 11/21/2018 1.250 1.342 10,000,000.00 9,987,200.00 99.874000 9,987,400.00 200.00 .141 .142 3133EHNY5 FFCB 1.5Yr 11/21/2018 1.250 1.322 10,000,000.00 9,990,000.00 99.874000 9,987,400.00-2,600.00 .141 .142 3133EHRX1 FFCB 2.5Yr 01/17/2020 1.520 1.520 10,000,000.00 10,000,000.00 98.484000 9,848,400.00-151,600.00 1.276 1.299 3133EHUL5 FFCB 3Yr 08/10/2020 1.550 1.550 5,000,000.00 5,000,000.00 97.699000 4,884,950.00-115,050.00 1.824 1.863 3133EHWN9 FFCB 2Yr 08/28/2019 1.400 1.400 5,000,000.00 5,000,000.00 98.936000 4,946,800.00-53,200.00 .907 .910 3133EE260 FFCB 2Yr 06/24/2019 1.520 1.400 5,000,000.00 5,010,640.00 99.276000 4,963,800.00-46,840.00 .724 .732 3133EHWN9 FFCB 2Yr 08/28/2019 1.400 1.410 10,000,000.00 9,998,000.00 98.936000 9,893,600.00-104,400.00 .907 .910 3133EHZN6 FFCB 3Yr 03/20/2020 1.450 1.511 20,000,000.00 19,970,400.00 98.088000 19,617,600.00-352,800.00 1.450 1.471 3133EHJ95 FFCB 3Yr 10/26/2020 1.750 1.760 20,000,000.00 19,994,000.00 97.804000 19,560,800.00-433,200.00 2.012 2.074 3133EHP98 FFCB 2Yr 11/06/2019 1.600 1.667 25,000,000.00 24,967,247.50 98.880000 24,720,000.00-247,247.50 1.079 1.101 3133EH6X6 FFCB 4Yr 01/12/2022 2.200 2.365 10,000,000.00 9,938,000.00 97.685000 9,768,500.00-169,500.00 3.134 3.288 3133EJEM7 FFCB 3Yr 03/01/2021 2.500 2.501 10,000,000.00 9,999,700.00 99.133000 9,913,300.00-86,400.00 2.329 2.419 3133EJCE7 FFCB 2.8Yr 02/12/2021 2.350 2.474 15,000,000.00 14,948,670.00 98.759000 14,813,850.00-134,820.00 2.281 2.373 3133EJKN8 FFCB 5Yr 04/11/2023 2.700 2.721 10,000,000.00 9,990,300.00 98.669000 9,866,900.00-123,400.00 4.184 4.532 3133EJNS4 FFCB 3Yr 05/10/2021 2.700 2.747 10,000,000.00 9,986,600.00 99.518000 9,951,800.00-34,800.00 2.479 2.611 3133EHFD0 FFCB 4.5Yr 04/11/2023 2.400 3.160 5,000,000.00 4,839,900.00 96.936000 4,846,800.00 6,900.00 4.200 4.532 1.684 293,010,000.00 292,630,657.50 98.47873A_ 288,552,546.50-4,078,111.00 1930: FFCBVar-M A/360 3133EDXQO FFCB 5Yr 10/10/2019 2.203 2.203 15,000,000.00 15,000,000.00 100.154000 15,023,100.00 23,100.00 1.025 1.027 3133EDXQ0 FFCB 5Yr 10/10/2019 2.203 2.203 25,000,000.00 25,000,000.00 100.154000 25,038,500.00 38,500.00 1.025 1.027 3133EDX00 FFCB 5Yr 10/10/2019 2.203 2.225 10,000,000.00 9,997,560.00 100.154000 10,015,400.00 17,840.00 1.025 1.027 3133EFI56 FFCB4Yr 04/01/2020 2.339 2.339 25,000,000.00 25,000,000.00 100.395000 25,098,750.00 98,750.00 1.492 1.504 3133EF229 FFCB 4Yr 04/13/2020 2.393 2.393 50,000,000.00 50,000,000.00 100.416000 50,208,000.00 208,000.00 1.525 1.537 3133EGCE3 FIB5Yr 05/25/2021 2.486 2.486 10,000,000.00 10,000,000.00 100.654000 10,065,400.00 65,400.00 2.622 2.652 3133EGCE3 FFCB 5Yr 05/25/2021 2.486 2.486 10,000,000.00 10,000,000.00 100.654000 10,065,400.00 65,400.00 2.622 2.652 3133EGYA7 FIB3Yr 10/11/2019 2.311 2.311 15,000,000.00 15,000,000.00 100.266000 15,039,900.00 39,900.00 1.025 1.030 3133EGZ37 FFCB 3Yr 10/24/2019 2.392 2.392 15,000,000.00 15,000,000.00 100.247000 15,037,050.00 37,050.00 1.061 1.066 3133EG F67 FFCB 3Yr 11/14/2019 2.304 2.304 15,000,000.00 15,000,000.00 100.241000 15,036,150.00 36,150.00 1.115 1.123 3133EG F67 FFCB 3Yr 11/14/2019 2.304 2.304 15,000,000.00 15,000,000.00 100.241000 15,036,150.00 36,150.00 1.115 1.123 3133EG4C6 FFCB3.9Yr 01/18/2022 2.405 2.116 15,000,000.00 15,139,095.00 100.680000 15,102,000.00-37,095.00 3.195 3.304 3133EJDG1 FFCB 5Yr 02/21/2023 2.252 2.252 15,000,000.00 15,000,000.00 99.948000 14,992,200.00-7,800.00 4.222 4.397 3133EIF53 FFCB 3Yr 03/12/2021 2.149 2.149 15,000,000.00 15,000,000.00 99.974000 14,996,100.00-3,900.00 2.392 2.449 3133EJJB3 FFCB 3.5Yr 10/04/2021 2.139 2.139 25,000,000.00 25,000,000.00 99.913000 24,978,250.00-21,750.00 2.917 3.014 3133EIFS3 FFCB 3Yr 03/12/2021 2.149 2.149 22,500,000.00 22,500,000.00 99.974000 22,494,150.00-5,850.00 2.392 2.449 3133EJ1G4 FFCB 3Yr 06/28/2021 2.252 2.252 5,000,000.00 5,000,000.00 99.994000 4,999,700.00-300.00 2.667 2.745 3133EI1G4 FFCB 3Yr 06/28/2021 2.252 2.252 5,000,000.00 5,000,000.00 99.994000 4,999,700.00-300.00 2.667 2.745 3133EJZP7 FFCB 3Yr 09/17/2021 2.178 2.178 5,000,000.00 5,000,000.00 99.914000 4,995,700.00-4,300.00 2.864 2.967 3133EJZP7 FFCB 3Yr 09/17/2021 2.178 2.178 5,000,000.00 5,000,000.00 99.914000 4,995,700.00 -4,300.00 2.864 2.967 3133EJZP7 FFCB 3Yr 09/17/2021 2.178 2.178 5,000,000.00 5,000,000.00 99.914000 4,995,700.00-4,300.00 2.864 2.967 3133EJZP7 FFCB 3Yr 09/17/2021 2.178 2.178 5,000,000.00 5,000,000.00 99.914000 4,995,700.00-4,300.00 2.864 2.967 2.271 327,500,000.00 327,636,655.00 100.216397R 328,208,700.00 572,045.00 1.953 1950: FMAC-Fxd-S 30/360 3132X0WK3 FAM CA 2Yr 3132XOWY3 FAM CA 2Yr 3132XOA50 FAM CA 1.4Yr 3132X0C41 FAM CA 1.5Yr 3132XOC74 FAM CA 2.08Yr 3132X0F97 FAM CA 1Yr 3132X02Y6 FAM CA 1.58Yr 3132X03B5 FAM CA 4.9Yr 3132X04F5 FAM CA 2.91Yr 08/20/2019 1.440 1.442 5,000,000.00 4,999,800.00 99.010000 4,950,500.00-49,300.00 09/26/2019 1.420 1.420 10,000,000.00 10,000,000.00 98.902000 9,890,200.00-109,800.00 05/15/2019 1.810 1.810 10,000,000.00 10,000,000.00 99.590000 9,959,000.00-41,000.00 O6/24/2019 1.860 1.860 20,000,000.00 20,000,000.00 99.526000 19,905,200.00-94,800.00 02/03/2020 1.970 1.970 15,000,000.00 15,000,000.00 99.143000 14,871,450.00-128,550.00 01/29/2019 1.900 1.900 25,000,000.00 25,000,000.00 99.816000 24,954,000.00-46,000.00 01/02/2020 2.530 2.530 20,000,000.00 20,000,000.00 99.904000 19,980,800.00-19,200.00 06/30/2023 2.850 2.964 10,000,000.00 9,947,900.00 99.111000 9,911,100.00-36,800.00 07/23/2021 2.840 2.864 10,000,000.00 9,993,300.00 99.889000 9,988,900.00-4,400.00 879 388 978 389 615 322 722 .732 1.314 1.345 328 .332 1.233 1.258 4.385 4.751 2.674 2.814 2.09 1965: FMAC-Var-M A/360 3132X0A18 FAMCA 2.5 Yr 3132X0577 FAM CA 3Yr 3132X0U90 FAM CA 3Yr 125,000,000.00 941,000.00 99.528920 124,411,150.00 -529,850.00 06/02/2020 2.244 2.096 25,000,000.00 25,063,500.00 100.269000 25,067,250.00 3,750.00 04/23/2021 2.266 2.266 25,000,000.00 25,000,000.00 100.091000 25,022,750.00 22,750.00 05/10/2021 2.153 2.153 10,000,000.00 10,000,000.00 100.008000 10,000,800.00 800.00 1.649 1.674 2.496 2.564 2.540 2.611 C O UNTY OF RIVERSIDE 1REASJRER TAX C O LLEC TO R 60,000,000.00 65 60,063,500.00 100.151333 60,090,800.00 27,300.00 11 N F ,g r Y 2 L 2 O 'o E O � E C A9 E n 7o d C pO � 20 Month End Portfolio Holdings 25,000,000.00 100.193600 25,000,000.00 O O O N M N N N O 0 0 N M O M O M O O O O 8 O 8 N M O'n m'n Mr r MOOOO otq. tnM 0M'n M m m N N N N N M N W m N N" m Q M O E N M N T N� N n N N n r M T N N O Q Q M N M r M O m Oi O N m M r Q, M th M V N r m N« N N N MN 88888888888888888888888888 66666666666666666666666666 0 oonmrM Q NMMO�O� r roMor o�M mm o tii N V V M M M Q N V M - - O O N N O Om1 V N N V NNN r t0 N V N fV O� � o> C r N lV N N E cG � Oi G 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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Digital Image. The Mission Inn. http://www.missioninn.com/about-en.html. COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR 68 COUNTY OF RIVERSIDE TREASURER -TAX COLLECTOR CAPITAL MARKETS COUNTY ADMINISTRATIVE CENTER 4080 LEMON STREET, 4TH FLOOR, RIVERSIDE, CA 92502-2205 WWW.COUNTYTREASURER.ORG AGENDA ITEM 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: December 12, 2018 TO: Budget and Implementation Committee FROM: Theresia Trevino, Chief Financial Officer THROUGH: John Standiford, Deputy Executive Director SUBJECT: Annual Investment Policy Review STAFF RECOMMENDATION: This item is for the Committee to: 1) Adopt Resolution No. 18-018, "Resolution of the Riverside County Transportation Commission Regarding the Revised Investment Policy"; 2) Adopt the revised annual Investment Policy; and 3) Forward to the Commission for final action. BACKGROUND INFORMATION: 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." Staff reviewed the Investment Policy approved by the Commission in December 2017, considered changes to the California Government Code as of September 2018, and consulted with the Commission's investment managers as well as the County Treasurer's Office in order to determine an appropriate level of changes primarily affecting the Commission's operating investment portfolio. Accordingly, staff recommends the following changes to the Commission's investment policy: • Add supranational obligations as an eligible investment with specified diversification, purchase restrictions, maturity, and credit quality criteria; • Change in minimum credit quality for municipal bonds and U.S. corporate debt from "Aa3/AA-/ or AA-" to "A1/A+/or A+"; • Change maximum percentage of holdings in U.S. corporate debt (from 25 percent to 30 percent); • Change in maximum maturity of negotiable certificates of deposit from 180 days to one year; and • Change in reference from "surplus funds" to "Commission's funds". Agenda Item8 70 Staff believes that these recommendations continue to adhere to the Commission's investment objectives, in priority order, of safety, liquidity, and return on investment. Attachments: 1) Resolution No. 18-018 2) Investment Policy (draft) Agenda Item8 71 ATTACHMENT 1 RESOLUTION NO. 18-018 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. 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 on December 12, 2018, and attached as Exhibit A. APPROVED AND ADOPTED this 12th day of December, 2018. Dana W. Reed, Chair Riverside County Transportation Commission ATTEST: Lisa Mobley Clerk of the Board 72 ATTACHMENT 2 Riverside [aunty iranspartniian Commis3inn 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. Investment activities may be classified between operating and bond/debt portfolios. III. Delegation of Authority Pursuant to the Commission's Administrative Code, the Board'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 Board may renew the delegation of authority pursuant to this section each year. The Executive Director may delegate these duties to his 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 security's credit risk or market price changes, provided deviations from expectations are reported in a timely fashion. Revised December -1-3-12, 204-72018 73 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 V1.1 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 Board 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 rate drop, prognosis for recovery or further rate drops, and the market price of the security. 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. Revised December -1-3-12, 204-72018 74 1 1 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. GD. 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 Nationally Recognized Statistical Rating Organization (NRSRO) as follows: at least "Aa3/AA /or M Al/A+/or A+"" which vncnvtes"Ao�_Ann�inester_s_ge y ta-R Jar€! & Dnnr`o� Da�`rc Ptch\• or as �ccr c�`TCrTccrT7+ 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 "Aa3/M /or M Al/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 as follows: at least "Aa3/M /or AA Al/A+/or A+"`° (the Revised December -1-3-12, 204-72018 75 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 surplus the Commission's funds. 1XE. 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. EF. 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 "Aa3/AA- Revised December -1-3-12, 204-72018 76 /or AA " or better by at least one NRSRO. Investments in U.S. Corporate Debt are further limited to 2530% of surplus 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 surplus the Commission's funds. GrH. 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 surplus the Commission's funds with no more than 30% of surplus the Commission's funds invested in the banker's acceptances of any one commercial bank. #1,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. Revised December -1-3-12, 204-72018 77 The Commission may invest in shares of beneficial interest issued by accompany shall have met either of the following criteria: (1) Attained 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 surplus the Commission's funds. l„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. J,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. Revised December -1-3-12, 204-72018 78 • 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. ICL. 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 180 daysone (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 credit worthiness 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 surplus 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 Revised December -1-3-12, 204-72018 79 Agency securities having maturities less than five years. The District must receive written confirmation that these securities have been pledged in 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,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 Revised December -1-3-12, 204-72018 80 As provided in California Government Code Section 53601.6, the Commission shall not invest any funds in inverse floaters, range notes, mortgage derived interest -only strips or in any security that could result in zero interest accrual if held to maturity. The purchase of any security not listed in Section V1.1 above, but permitted by the California Government Code, is prohibited unless the Board approves the investment either specifically or as a part of an investment program approved by the Board. 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 Chief Financial Officer shall prepare and provide to the Board 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 Revised December -1-3-12, 204-72018 81 • 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 Board'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. 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, or from a member of a federally regulated securities exchange, from a national or state -chartered bank, from a federal or state association 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 NASD 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 Revised December -1-3-12, 204-72018 82 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 credit worthiness. The Commission shall annually send a copy of the current investment policy to all dealers approved to do business with the Commission. Each broker/dealer or financial institution 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 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 Revised December -1-312, 241-72018 83 Commission. XIV. Investment Policy Review 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. Revised December -1-3-12 2-04-72018 84 AGENDA ITEM 9 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: November 26, 2018 TO: Budget and Implementation Committee FROM: Josefina Clemente, Transit Manager THROUGH: LoreIle Moe -Luna, Acting Multimodal Services Director SUBJECT: Amendment to SunLine Transit Agency's Fiscal Year 2018/19 Short Range Transit Plan STAFF RECOMMENDATION: This item is for the Committee to: 1) Approve a modification to SunLine Transit Agency's (SunLine) Fiscal Year 2018/19 operating assistance funding by amending the original amount of $38,900,991 to $39,654,404 to reflect additional operating expenses and revenues for the West Coast Center of Excellence funded with federal Section 5309 pass -through funds from the Center for Transportation and the Environment (CTE), the Buzz Service subsidized by the city of Palm Springs, and personnel costs for eight new full-time employees scheduled to start in January 2019 and funded with additional Local Transportation Funds (LTF); 2) Approve a modification to SunLine's FY 2018/19 capital improvement program to reflect an additional request of $2,982,000 in LTF to cover capital expenses related to various stations, facilities and building projects, and partial funding to purchase five trolleys for the new Buzz Service; 3) Approve a modification to SunLine's FY 2018/19 capital improvement program to reflect an increase of $178,239 in FY 2017/18 Federal Transit Administration (FTA) Section 5339 funds offset by a decrease of the same amount in State Transit Assistance (STA) funds for the fixed route bus replacement, information technology and transit enhancement projects; 4) Reprogram the STA capital amount of $418,000 originally identified in the FY 2014/15 Short Range Transit Plan (SRTP) for the operator breakroom project to the purchase of five trolleys for the Buzz Service; 5) Approve a $2,982,000 adjustment to the FY 2018/19 budget to increase LTF capital expenditures and a $178,239 adjustment to decrease STA expenditures; 6) Approve an amendment to SunLine's FY 2018/19 SRTP to reflect these changes; and 7) Forward to the Commission for final action. BACKGROUND INFORMATION: In June 2018, SunLine's Board of Directors adopted the FY 2018/19 operating and capital budget of $44,954,614 based on the agency's SRTP. Typically, the public operators' SRTPs for operating and capital needs are based on estimated amounts available, including projected revenues and Agenda Item 9 85 reserve balances. Subsequently, SunLine staff determined that modifications to the SRTP were necessary; the SunLine Board of Directors approved these modifications at its October 24, 2018 meeting. Operating Assistance Table 1a of Attachment 1 outlines the original funding structure for operating assistance while Table 1b shows the proposed modified funding distribution. SunLine requests approval to modify its operating funding as follows: • SunLine received FTA Section 5309 Federal Fiscal Year 2014/15 pass -through funds of $190,822 from the CTE to develop training programs for the West Coast Center of Excellence in Zero Emissions Technologies; • Beginning in mid -January 2019, SunLine will operate the city of Palm Springs Buzz Service on a 20-minute frequency on Fridays, Saturdays, and Sundays. An increase in other local revenues provided by the city of Palm Springs will subsidize the operating cost of $237,667 for the Buzz Service; and • Based on an analysis of the current number of employees per square mile of coverage for the Coachella Valley, SunLine staff determined that additional supervision will provide quicker response times to urgent situations and ensure more available personnel during the entire span of service. An increase in LTF operating funds of $324,924 will cover personnel expenses for the proposed additional four field supervisors to the Operations Department, two project manager assistants to the Performance Department, and two safety officers to the Safety Department. The combined increase in the operating funding plan for FY 2018/19 is $753,413, resulting in an increase of the original operating funding plan of $38,900,991 to $39,654,404. Capital Assistance Table 2a of Attachment 2 shows the original capital requests based on the currently approved SRTP capital funding plan and Table 2b outlines the modified capital funding plan. SunLine's modification requests are as follows: • An additional $2,982,000 in LTF capital funds will cover SunLine's capital expenses for the improvement of the Hydrogen Station, Thousand Palms Facilities, Indio Facility, and Phase 3 for the Operations Building and the partial cost for five trolleys for the Buzz Service; • SunLine received a grant award of $178,239 from FTA Section 5339 FFY 2017/18 funds for three fixed route buses, which were initially funded with STA and federal Section 5307 funds. As a result, FTA Section 5307 funds of $109,984 were available and reprogrammed to the transit enhancements and information technology projects that also were originally funded with STA funds. The net impact is an $178,239 increase in FTA Section 5339 funds and corresponding decrease in STA funds as well as no change in FTA Section 5307 funds; and Agenda Item 9 86 • SunLine reviewed its unexpended STA capital allocations and determined that $418,000 in STA unexpended FY 2014/15 funds from the operators' breakroom project can be reprogrammed to partially fund the five trolleys for the Buzz Service. Overall, these modifications increase SunLine's capital funding in the FY 2018/19 SRTP by $3,400,000. Financial Impact Commission staff reviewed SunLine's revised plans and recommends approval of its operating and capital funding modifications and related amendment to the FY 2018/19 SRTP. Since the FTA Sections 5309 and 5339 funds are directly allocated to SunLine, no Commission budget amendment is required to support these requests. The financial impact to the Commission is the allocation of LTF and STA funds. A budget adjustment to increase LTF operating expenditures by $324,924 and LTF capital expenditures by $2,982,000 is required. Additionally, a budget adjustment is required to decrease STA capital expenditures by $178,239. SunLine's operating cost increase of $753,413 will impact the agency's farebox recovery ratio slightly; however, SunLine's farebox recovery ratio remains compliant with the established farebox ratio target of 17.5 percent for FY 2018/19. Upon Commission approval, SunLine will initiate an update to the FY 2018 Federal Transportation Improvement Program to reflect the changes in FTA Sections 5339 and 5309 funding. Financial Information In Fiscal Year Budget: No Year: FY 2018/19 Amount: $3,128,685 (net) Source of Funds: Coachella Valley LTF and STA funds; Budget Adjustment: Yes FTA Sections 5309 and 5339 funds 002211 86101 601 62 86101 $ 324,924 Transit Operating GLA No.: 002211 86102 601 62 86102 $2,982,000 Transit Capital 002202 86102 241 62 86102 ($178,239) Transit Capital Fiscal Procedures Approved: \I-teitzdaviti Date: 11/15/2018 Attachments: 1) SunLine FY 2018/19 Operating Assistance by Funding Source 2) SunLine FY 2018/19 Capital Assistance by Funding Source Agenda Item 9 87 ATTACHMENT 1 SUNLINE TRANSIT AGENCY FY 2018/19 SRTP - TABLE 4 AMENDMENT # 1 OPERATING ASSISTANCE BY FUNDING SOURCE Table 1a: Currently Approved Operating Funding Plan Project Description Total (al Total Carryover Amount IN Total Without Carryover Funds lab) LTF STA (New) Measure A Section 5307 Indio/Cath C/Palm Springs(New) Carryover Section 5307 Indio/Cathedra I C/Palm Springs Section 5310 Section 5311 Section 5311 (f) LCTOP LCTOP Carryover Section 5309 CMAQ CMAQ Carryover State of Good Repair Other Revenue Fare Box Operating Assistance 36,201,539 935,963 35,265,576 20,621,864 6,000,000 3,437,436 935,963 352,874 250,000 250,000 1,709,574 2,643,828 Taxi Voucher 232 000 0 232 000 58 000 58 000 116 000 Commuter Link 220 296,170 0 296,170 91,449 204,721 Unplanned Maintenance Software 26 000 0 26 000 26 000 Vanpool Program 357,315 318,010 39,305 39,305 318,010 Line 80 81 95 400 467 400 467 0 400 467 Preventative Maintenance Revenue Veh 500,000 0 500,000 500,000 Quick Bus 490,000 0 490,000 53,900 436,100 SunRide Ride Share 397,500 0 397,500 39,392 358,108 Total: Operating $38,900,991 $1,654,440 $37,246,551 $ 20,903,910 $ - $ 6,000,000 $ 3,437,436 $ 935,963 $ 58,000 $ 352,874 $ 204,721 $ 250,000 $ 400,467 $ 250,000 $ 794,208 $ 318,010 $ 500,000 $ 1,851,574 $ 2,643,828 Table 1b: Modified Operating Fundina Plan Operating Assistance 36,526,463 935,963 35,590,500 20,946,788 6,000,000 3,437,436 935,963 352,874 250,000 250,000 1,709,574 2,643,828 Taxi Voucher 232,000 0 232,000 58,000 58,000 116,000 Commuter Link 220 296,170 0 296,170 91,449 204,721 Unplanned Maintenance Software 26 000 26 000 26 000 Vanpool Program 357,315 318,010 39,305 39,305 318,010 Line 80, 81, 95 400,467 400,467 0 400,467 Preventative Maintenance Revenue Veh 500,000 0 500,000 500,000 Quick Bus 490 000 0 490 000 53 900 436 100 SunRide Rideshare & Desert Recreation District Rec Route 397 500 0 397 500 39,392 358 108 The Buzz Service 237,667 237,667 237,667 Center of Excellence 190 822 190 822 190 822 Total: Operating $39,654,404 $1,654,440 $37,999,964 $ 21,228,834 $ • $ 6,000,000 $ 3,437,436 $ 935,963 $ 58,000 $ 352,874 $ 204,721 $ 250,000 $ 400,467 $ 440,822 $ 794,208 $ 318,010 $ 500,000 $2,089,241 $2,643,828 Net Change between Currently Approved and Modified Operating Plan $ 753,413 $ - $ 753,413 $ 324,924 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 190,822 $ - $ - $ - $ 237,667 $ - 11I14I2018 FY 2018119 SRTP Folder 88 ATTACHMENT 2 SUNLINE TRANSIT AGENCY FY 2018/19 SRTP - TABLE 4 AMENDMENT # 1 CAPITAL ASSISTANCE BY FUNDING SOURCE Table 1a: Currently Approved Capital Funding Plan Project Description oc i o a` Total (a) Total Carryover Amount 0:9 Total Without Carryover Funds (-b) LTF STA (New) Carryover STA Section 5307 Indio. Cathedral City- Palm Springs(New) Section 5339 State of Good Repair Replacement Fixed Route Buses(3) 19-1 2,100,000 0 2,100,000 488,255 1,145,812 465,933 Transit Enhancements 19-2 200,000 0 200,000 200,000 Information Technology (IT) Projects 19-3 350,000 0 350,000 123,863 226,137 Expansion of Inventory Warehouse 19-4 200,000 0 200,000 200,000 Radio System Replacement 19-5 1,000,000 0 1,000,000 1,000,000 Replacement of Paratransit Vans (10) 19-6 1,350,000 0 1,350,000 1,350,000 Roof Repair Division 1 and Division 2 19-7 125,000 0 125,000 125,000 Maintenance Tools and Equipment 19-8 50,000 0 50,000 50,000 Install Electric Charger for Buses in Division 2 19-9 78,623 0 78,623 78,623 Bus Simulator 19-10 600,000 0 600,000 600,000 Total: Capital $ 6,053,623 $ - $ 6,053,623 $ - $ 3,962,118 $ 1,371,949 $ 465,933 $ 253,623 Table 1b: Modified Capital Funding Plan Replacement Fixed Route Buses (3) 19-1 2,100,000 0 2,100,000 420,000 1,035,828 644,172 Transit Enhancements 19-2 200,000 0 200,000 143,879 56,121 Information Technology (IT) Projects 19-3 350,000 0 350,000 70,000 280,000 Expansion of Inventory Warehouse 19-4 200,000 0 200,000 200,000 Radio System Replacement 19-5 1,000,000 0 1,000,000 1,000,000 Replacement of Paratranslt Vans (10) 19-6 1,350,000 0 1,350,000 1,350,000 Roof Repair Division 1 and Division 2 19-7 125,000 0 125,000 125,000 Maintenance Tools and Equipment 19-8 50,000 0 50,000 50,000 Install Electric Charger for Buses in Division 2 19-9 78,623 0 78,623 78,623 Bus Simulator (2) 19-10 600,000 0 600,000 600,000 Hydrogen Station Program Improvements 19-11 1,000,000 0 1,000,000 r 1,000,000 Thousand Palms Facilities Improvements 19-12 500,000 0 500,000 500,000 Indio Facility Improvements 19-13 1,000,000 0 1,000,000 1.1 1,000,000 Operations Building Third Phase 19-14 450,000 0 450,000 450,000 Trolleys for Buzz Service (5) 19-15 450,000 418,000 32,000 32,000 418,000 Total: Capital $ 9,453,623 $ 418,000 $ 9,035,623 $ 2,982,000 $ 3,783,879 $ 418,000 $ 1,371,949 $ 644,172 $ 253,623 Net Change between Currently Approved and Modified Capital Plan $ 3,400,000 $ 418,000 $ 2,982,000 $ 2,982,000 $ (178,239) $ 418,000 $ - $ 178,239 $ - 11/142018 89 AGENDA ITEM 10 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: November 26, 2018 TO: Budget and Implementation Committee FROM: Monica Morales, Management Analyst Josefina Clemente, Transit Manager THROUGH: LoreIle Moe -Luna, Acting Multimodal Services Director SUBJECT: Agreement for Audit Services for the Transportation Development Act Triennial Audit STAFF RECOMMENDATION: This item is for the Committee to: 1) Award Agreement No. 19-62-009-00 to Michael Baker International, Inc. for audit services for the Transportation Development Act (TDA) Triennial Audit for a three-year term, plus one two-year option, in an amount not to exceed $220,815; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3) Forward to the Commission for final action. BACKGROUND INFORMATION: In accordance with California Public Utilities Code Section 99246, the Commission is required every three years (triennial) to arrange for performance audits of its activities as well as the activities of the transit operators to which it allocates TDA funds. The Commission must send a certificate of completion to the California Department of Transportation (Caltrans) in order for the Commission to receive and allocate TDA funds for Riverside County. The audits are required to evaluate the efficiency, effectiveness, and economy of the Commission and the seven public operators: cities of Banning, Beaumont, Corona, and Riverside; Riverside Transit Agency; SunLine Transit Agency; and Palo Verde Valley Transit Agency. The first triennial audit cycle will cover Fiscal Years 2015/16, 2016/17, and 2017/18, and must be conducted in compliance with relevant sections of the TDA. The second audit cycle, upon exercising the agreement's option period, will cover FYs 2018/19, 2019/20, and 2020/21. Procurement Process Staff determined the weighted factor method of source selection to be the most appropriate for this procurement, as it allows the Commission to identify the most advantageous proposal with price and other factors considered. Non -price factors include elements such as qualifications of Agenda Item 10 90 firm, qualifications of personnel, understanding and approach, and the ability to respond to the requirements set forth under the terms of the request for proposals (RFP) No. 19-62-009-00. RFP No. 19-62-009-00 was released on September 13, 2018. A public notice was advertised in the Press Enterprise, and the RFP was posted on the Commission's PlanetBids website, which is accessible through the Commission's website. Utilizing PlanetBids, emails were sent to 257 firms, 31 of which are located in Riverside County. Through the PlanetBids site, 14 firms downloaded the RFP; 1 of these firms is located in Riverside County. Staff responded to all questions submitted by potential proposers prior to the September 27 clarification deadline date. Two firms — Eadie + Payne LLP (Riverside) and Michael Baker International, Inc. (Rancho Cordova) — submitted proposals prior to the 2:00 p.m. submittal deadline on October 17. Both firms submitted responsive and responsible proposals. Utilizing the evaluation criteria set forth in the RFP, the two proposals were evaluated and scored by an evaluation committee comprised of the San Bernardino County Transportation Authority, Morongo Basin Transit Authority, and Commission staff. Based on the evaluation committee's assessment of the written proposals, the evaluation committee recommends contract award to Michael Baker International, Inc. to provide audit services for the TDA Triennial Audit for a three-year term, plus one two-year option, in an amount not to exceed $220,815, as this firm earned the highest total evaluation score. The overall evaluation ranking, based on highest to lowest total evaluation score, and the total price are presented in the following table. Firm Price Overall Ranking Michael Baker International, Inc. $220,815 1 Eadie + Payne LLP $200,000 2 The Commission's professional services agreement will be entered into with the consultant subject to any changes approved by the Executive Director and pursuant to legal counsel review. Staff oversight of the contract will maximize the effectiveness of the consultant and minimize costs to the Commission. Financial Information In Fiscal Year Budget: Yes N/A Year: FY 2018/19 FY 2019/20+ Amount: $100,000 $120,815 Source of Funds: Local Transportation Funds Budget Adjustment: No N/A GL/Project Accounting No.: 106 62 65401 Fiscal Procedures Approved: \I--t°it itii Date: 11/15/2018 Attachment: Draft Professional Services Agreement No. 19-62-009-00 Agenda Item 10 91 Agreement No. 19-62-009-00 RIVERSIDE COUNTY TRANSPORTATION COMMISSION AGREEMENT FOR AUDIT SERVICES FOR THE TRANSPORTATION DEVELOPMENT ACT (TDA) TRIENNIAL AUDIT WITH MICHAEL BAKER INTERNATIONAL, INC. 1. PARTIES AND DATE. This Agreement is made and entered into this _ day of , 2018, by and between the RIVERSIDE COUNTY TRANSPORTATION COMMISSION ("the Commission") and MICHAEL BAKER INTERNATIONAL, INC. ("Consultant"), a CORPORATION. 2. RECITALS. 2.1 Consultant desires to perform and assume responsibility for the provision of certain professional consulting services required by Commission on the terms and conditions set forth in this Agreement. Consultant represents that it is a professional consultant, experienced in providing j INSERT TYPE OF SERVICES 1 services to public clients, is licensed in the State of California, and is familiar with the plans of Commission. 2.2 Commission desires to engage Consultant to render certain consulting services for audit services for the TDA triennial audit ("Project") as set forth herein. 3. TERMS. 3.1 General Scope of Services. Consultant promises and agrees to furnish to Commission all labor materials, tools, equipment, services, and incidental and customary work necessary to fully and adequately provide professional consulting services and advice on various issues affecting the decisions of Commission regarding the Project and on other programs and matters affecting Commission, hereinafter referred to as "Services". The Services are more particularly described in Exhibit "A" attached hereto and incorporated herein by reference. All Services shall be subject to, and performed in accordance with, this Agreement, the exhibits attached hereto and incorporated herein by reference, and all applicable local, state, and federal laws, rules and regulations. 3.2 Term. The term of this Agreement shall be from the date first specified above to December 31, 2021, unless earlier terminated as provided herein. 17336.00000\8752982.2 APPENDIX B - 1 92 The Commission, at its sole discretion, may extend this Agreement for an additional two-year option. Consultant shall complete the Services within the term of this Agreement and shall meet any other established schedules and deadlines. 3.3 Schedule of Services. Consultant shall perform the Services expeditiously, within the term of this Agreement, and in accordance with the Schedule of Services set forth in Exhibit "B" attached hereto and incorporated herein by reference. Consultant represents that it has the professional and technical personnel required to perform the Services in conformance with such conditions. In order to facilitate Consultant's conformance with the Schedule, the Commission shall respond to Consultant's submittals in a timely manner. Upon request of the Commission, Consultant shall provide a more detailed schedule of anticipated performance to meet the Schedule of Services. 3.4 Independent Contractor; Control and Payment of Subordinates. The Services shall be performed by Consultant under its supervision. Consultant will determine the means, method and details of performing the Services subject to the requirements of this Agreement. Commission retains Consultant on an independent contractor basis and Consultant is not an employee of Commission. Consultant retains the right to perform similar or different services for others during the term of this Agreement. Any additional personnel performing the Services under this Agreement on behalf of Consultant shall not be employees of Commission and shall at all times be under Consultant's exclusive direction and control. Consultant shall pay all wages, salaries, and other amounts due such personnel in connection with their performance of Services under this Agreement and as required by law. Consultant shall be responsible for all reports and obligations respecting such additional personnel, including, but not limited to: social security taxes, income tax withholding, unemployment insurance, and workers' compensation insurance. 3.5 Conformance to Applicable Requirements. All work prepared by Consultant shall be subject to the approval of Commission. 3.6 Substitution of Key Personnel. Consultant has represented to Commission that certain key personnel will perform and coordinate the Services under this Agreement. Should one or more of such personnel become unavailable, Consultant may substitute other personnel of at least equal competence and experience upon written approval of Commission. In the event that Commission and Consultant cannot agree as to the substitution of key personnel, Commission shall be entitled to terminate this Agreement for cause, pursuant to provisions of Section 3.16 of this Agreement. The key personnel for performance of this Agreement are as follows: 3.7 Commission's Representative. Commission hereby designates Executive Director, or his or her designee, to act as its representative for the performance of this Agreement ("Commission's Representative"). Commission's representative shall have the power to act on behalf of Commission for all purposes APPENDIX B - 2 17336.00000\8752982.2 93 under this Agreement. Consultant shall not accept direction from any person other than Commission's Representative or his or her designee. 3.8 Consultant's Representative. Consultant hereby designates [ INSERT NAME OR TITLE ], or his or her designee, to act as its representative for the performance of this Agreement ("Consultant's Representative"). Consultant's Representative shall have full authority to represent and act on behalf of the Consultant for all purposes under this Agreement. The Consultant's Representative shall supervise and direct the Services, using his or her best skill and attention, and shall be responsible for all means, methods, techniques, sequences and procedures and for the satisfactory coordination of all portions of the Services under this Agreement. 3.9 Coordination of Services. Consultant agrees to work closely with Commission staff in the performance of Services and shall be available to Commission's staff, consultants and other staff at all reasonable times. 3.10 Standard of Care; Licenses. Consultant shall perform the Services under this Agreement in a skillful and competent manner, consistent with the standard generally recognized as being employed by professionals in the same discipline in the State of California. Consultant represents and maintains that it is skilled in the professional calling necessary to perform the Services. Consultant warrants that all employees and subcontractors shall have sufficient skill and experience to perform the Services assigned to them. Finally, Consultant represents that it, its employees and subcontractors have all licenses, permits, qualifications and approvals of whatever nature that are legally required to perform the Services and that such licenses and approvals shall be maintained throughout the term of this Agreement. Consultant shall perform, at its own cost and expense and without reimbursement from Commission, any Services necessary to correct errors or omissions which are caused by the Consultant's failure to comply with the standard of care provided for herein, and shall be fully responsible to the Commission for all damages and other liabilities provided for in the indemnification provisions of this Agreement arising from the Consultant's errors and omissions. 3.11 Laws and Requlations. Consultant shall keep itself fully informed of and in compliance with all local, state and federal laws, rules and regulations in any manner affecting the performance of the Project or the Services, including all Cal/OSHA requirements, and shall give all notices required by law. Consultant shall be liable for all violations of such laws and regulations in connection with Services. If the Consultant performs any work knowing it to be contrary to such laws, rules and regulations and without giving written notice to Commission, Consultant shall be solely responsible for all costs arising therefrom. Consultant shall defend, indemnify and hold Commission, its officials, directors, officers, employees and agents free and harmless, pursuant to the indemnification provisions of this Agreement, from any claim or liability arising out of any failure or alleged failure to comply with such laws, rules or regulations. APPENDIX B - 3 17336.00000\8752982.2 94 3.12 Insurance. 3.12.1 Time for Compliance. Consultant shall not commence work under this Agreement until it has provided evidence satisfactory to the Commission that it has secured all insurance required under this section, in a form and with insurance companies acceptable to the Commission. In addition, Consultant shall not allow any subcontractor to commence work on any subcontract until it has secured all insurance required under this section. 3.12.2 Minimum Requirements. Consultant shall, at its expense, procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Agreement by the Consultant, its agents, representatives, employees or subcontractors. Consultant shall also require all of its subcontractors to procure and maintain the same insurance for the duration of the Agreement. Such insurance shall meet at least the following minimum levels of coverage: (A) Minimum Scope of Insurance. Coverage shall be at least as broad as the latest version of the following: (1) General Liability: Insurance Services Office Commercial General Liability coverage (occurrence form CG 0001 or exact equivalent); (2) Automobile Liability: Insurance Services Office Business Auto Coverage (form CA 0001, code 1 (any auto) or exact equivalent); and (3) Workers' Compensation and Employer's Liability: Workers' Compensation insurance as required by the State of California and Employer's Liability Insurance. (B) Minimum Limits of Insurance. Consultant shall maintain limits no less than: (1) General Liability: $2,000,000 per occurrence for bodily injury, personal injury and property damage. If Commercial General Liability Insurance or other form with general aggregate limit is used, either the general aggregate limit shall apply separately to this Agreement/location or the general aggregate limit shall be twice the required occurrence limit; (2) Automobile Liability: $1,000,000 per accident for bodily injury and property damage; and (3) if Consultant has an employees, Workers' Compensation and Employer's Liability: Workers' Compensation limits as required by the Labor Code of the State of California. Employer's Practices Liability limits of $1,000,000 per accident. 3.12.3 Professional Liability. Consultant shall procure and maintain, and require its sub -consultants to procure and maintain, for a period of five (5) years following completion of the Project, errors and omissions liability insurance appropriate to their profession. Such insurance shall be in an amount not less than $1,000,000 per claim. This insurance shall be endorsed to include contractual liability applicable to this Agreement and shall be written on a policy form coverage specifically designed to protect against acts, errors or omissions of the Consultant. "Covered Professional Services" as designated in the policy must specifically include work performed under this Agreement. The policy must "pay on behalf of" the insured and must include a provision establishing the insurer's duty to defend. APPENDIX B - 4 17336.00000\8752982.2 95 3.12.4Insurance Endorsements. The insurance policies shall contain the following provisions, or Consultant shall provide endorsements on forms approved by the Commission to add the following provisions to the insurance policies: (A) General Liability. (0 Commercial General Liability Insurance must include coverage for (1) bodily Injury and property damage; (2) personal Injury/advertising Injury; (3) premises/operations liability; (4) products/completed operations liability; (5) aggregate limits that apply per Project; (6) explosion, collapse and underground (UCX) exclusion deleted; (7) contractual liability with respect to this Agreement; (8) broad form property damage; and (9) independent consultants coverage. (ii) The policy shall contain no endorsements or provisions limiting coverage for (1) contractual liability; (2) cross liability exclusion for claims or suits by one insured against another; or (3) contain any other exclusion contrary to this Agreement. (iii) The policy shall give the Commission, its directors, officials, officers, employees, and agents insured status using ISO endorsement forms 20 10 10 01 and 20 37 10 01, or endorsements providing the exact same coverage. (iv) The additional insured coverage under the policy shall be "primary and non-contributory" and will not seek contribution from the Commission's insurance or self-insurance and shall be at least as broad as CG 20 01 04 13, or endorsements providing the exact same coverage. (B) Automobile Liability. The automobile liability policy shall be endorsed to state that: (1) the Commission, its directors, officials, officers, employees and agents shall be covered as additional insureds with respect to the ownership, operation, maintenance, use, loading or unloading of any auto owned, leased, hired or borrowed by the Consultant or for which the Consultant is responsible; and (2) the insurance coverage shall be primary insurance as respects the Commission, its directors, officials, officers, employees and agents, or if excess, shall stand in an unbroken chain of coverage excess of the Consultant's scheduled underlying coverage. Any insurance or self-insurance maintained by the Commission, its directors, officials, officers, employees and agents shall be excess of the Consultant's insurance and shall not be called upon to contribute with it in any way. APPENDIX B - 5 17336.00000\8752982.2 96 (C) Workers' Compensation and Employers Liability Coverage. 0) Consultant certifies that he/she is aware of the provisions of Section 3700 of the California Labor Code which requires every employer to be insured against liability for workers' compensation or to undertake self-insurance in accordance with the provisions of that code, and he/she will comply with such provisions before commencing work under this Agreement. (ii) The insurer shall agree to waive all rights of subrogation against the Commission, its directors, officials, officers, employees and agents for losses paid under the terms of the insurance policy which arise from work performed by the Consultant. (D) All Coverages. 0) Defense costs shall be payable in addition to the limits set forth hereunder. (ii) Requirements of specific coverage or limits contained in this section are not intended as a limitation on coverage, limits, or other requirement, or a waiver of any coverage normally provided by any insurance. It shall be a requirement under this Agreement that any available insurance proceeds broader than or in excess of the specified minimum insurance coverage requirements and/or limits set forth herein shall be available to the Commission, its directors, officials, officers, employees and agents as additional insureds under said policies. Furthermore, the requirements for coverage and limits shall be (1) the minimum coverage and limits specified in this Agreement; or (2) the broader coverage and maximum limits of coverage of any insurance policy or proceeds available to the named insured; whichever is greater. (iii) The limits of insurance required in this Agreement may be satisfied by a combination of primary and umbrella or excess insurance. Any umbrella or excess insurance shall contain or be endorsed to contain a provision that such coverage shall also apply on a primary and non-contributory basis for the benefit of the Commission (if agreed to in a written contract or agreement) before the Commission's own insurance or self-insurance shall be called upon to protect it as a named insured. The umbrella/excess policy shall be provided on a "following form" basis with coverage at least as broad as provided on the underlying policy(ies). (iv) Consultant shall provide the Commission at least thirty (30) days prior written notice of cancellation of any policy required by this Agreement, except that the Consultant shall provide at least ten (10) days prior written notice of cancellation of any such policy due to non-payment of premium. If any of the required coverage is cancelled or expires during the term of this Agreement, the Consultant shall deliver renewal certificate(s) including the General Liability Additional APPENDIX B - 6 17336.00000\8752982.2 97 Insured Endorsement to the Commission at least ten (10) days prior to the effective date of cancellation or expiration. (v) The retroactive date (if any) of each policy is to be no later than the effective date of this Agreement. Consultant shall maintain such coverage continuously for a period of at least three years after the completion of the work under this Agreement. Consultant shall purchase a one (1) year extended reporting period A) if the retroactive date is advanced past the effective date of this Agreement; B) if the policy is cancelled or not renewed; or C) if the policy is replaced by another claims -made policy with a retroactive date subsequent to the effective date of this Agreement. (vi) The foregoing requirements as to the types and limits of insurance coverage to be maintained by Consultant, and any approval of said insurance by the Commission, is not intended to and shall not in any manner limit or qualify the liabilities and obligations otherwise assumed by the Consultant pursuant to this Agreement, including but not limited to, the provisions concerning indemnification. (vii) If at any time during the life of the Agreement, any policy of insurance required under this Agreement does not comply with these specifications or is canceled and not replaced, Commission has the right but not the duty to obtain the insurance it deems necessary and any premium paid by Commission will be promptly reimbursed by Consultant or Commission will withhold amounts sufficient to pay premium from Consultant payments. In the alternative, Commission may cancel this Agreement. The Commission may require the Consultant to provide complete copies of all insurance policies in effect for the duration of the Project. (viii) Neither the Commission nor any of its directors, officials, officers, employees or agents shall be personally responsible for any liability arising under or by virtue of this Agreement. Each insurance policy required by this Agreement shall be endorsed to state that: 3.12.5 Deductibles and Self -Insurance Retentions. Any deductibles or self -insured retentions must be declared to and approved by the Commission. If the Commission does not approve the deductibles or self -insured retentions as presented, Consultant shall guarantee that, at the option of the Commission, either: (1) the insurer shall reduce or eliminate such deductibles or self -insured retentions as respects the Commission, its directors, officials, officers, employees and agents; or, (2) the Consultant shall procure a bond guaranteeing payment of losses and related investigation costs, claims and administrative and defense expenses. APPENDIX B - 7 17336.00000\8752982.2 98 3.12.6 Acceptability of Insurers. Insurance is to be placed with insurers with a current A.M. Best's rating no less than A:VIII, licensed to do business in California, and satisfactory to the Commission. 3.12.7 Verification of Coverage. Consultant shall furnish Commission with original certificates of insurance and endorsements effecting coverage required by this Agreement on forms satisfactory to the Commission. The certificates and endorsements for each insurance policy shall be signed by a person authorized by that insurer to bind coverage on its behalf. All certificates and endorsements must be received and approved by the Commission before work commences. The Commission reserves the right to require complete, certified copies of all required insurance policies, at any time. 3.12.8 Subconsultant Insurance Requirements. Consultant shall not allow any subcontractors or subconsultants to commence work on any subcontract until they have provided evidence satisfactory to the Commission that they have secured all insurance required under this section. Policies of commercial general liability insurance provided by such subcontractors or subconsultants shall be endorsed to name the Commission as an additional insured using ISO form CG 20 38 04 13 or an endorsement providing the exact same coverage. If requested by Consultant, the Commission may approve different scopes or minimum limits of insurance for particular subcontractors or subconsultants. 3.13 Safety. Consultant shall execute and maintain its work so as to avoid injury or damage to any person or property. In carrying out its Services, the Consultant shall at all times be in compliance with all applicable local, state and federal laws, rules and regulations, and shall exercise all necessary precautions for the safety of employees appropriate to the nature of the work and the conditions under which the work is to be performed. Safety precautions as applicable shall include, but shall not be limited to: (A) adequate life protection and life saving equipment and procedures; (B) instructions in accident prevention for all employees and subcontractors, such as safe walkways, scaffolds, fall protection ladders, bridges, gang planks, confined space procedures, trenching and shoring, equipment and other safety devices, equipment and wearing apparel as are necessary or lawfully required to prevent accidents or injuries; and (C) adequate facilities for the proper inspection and maintenance of all safety measures. 3.14 Fees and Payment. 3.14.1 Compensation. Consultant shall receive compensation, including authorized reimbursements, for all Services rendered under this Agreement at the rates set forth in Exhibit "C" attached hereto. The total compensation shall not exceed [ INSERT WRITTEN DOLLAR AMOUNT ] ($j INSERT NUMERICAL DOLLAR AMOUNT ]) without written approval of Commission's Executive Director ("Total Compensation"). Extra Work may be authorized, as described below, and if authorized, will be compensated at the rates and manner set forth in this Agreement. APPENDIX B - 8 17336.00000\8752982.2 99 3.14.2 Payment of Compensation. Consultant shall submit to Commission a monthly statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. Commission shall, within 45 days of receiving such statement, review the statement and pay all approved charges thereon. 3.14.3 Reimbursement for Expenses. Consultant shall not be reimbursed for any expenses unless authorized in writing by Commission. 3.14.4 Extra Work. At any time during the term of this Agreement, Commission may request that Consultant perform Extra Work. As used herein, "Extra Work" means any work which is determined by Commission to be necessary for the proper completion of the Project, but which the parties did not reasonably anticipate would be necessary at the execution of this Agreement. Consultant shall not perform, nor be compensated for, Extra Work without written authorization from Commission's Executive Director. 3.15 Accounting Records. Consultant shall maintain complete and accurate records with respect to all costs and expenses incurred and fees charged under this Agreement. All such records shall be clearly identifiable. Consultant shall allow a representative of Commission during normal business hours to examine, audit, and make transcripts or copies of such records and any other documents created pursuant to this Agreement. Consultant shall allow inspection of all work, data, documents, proceedings, and activities related to the Agreement for a period of three (3) years from the date of final payment under this Agreement. 3.16 Termination of Agreement. 3.16.1 Grounds for Termination. Commission may, by written notice to Consultant, terminate the whole or any part of this Agreement at any time and without cause by giving written notice to Consultant of such termination, and specifying the effective date thereof. Upon termination, Consultant shall be compensated only for those services which have been fully and adequately rendered to Commission through the effective date of the termination, and Consultant shall be entitled to no further compensation. Consultant may not terminate this Agreement except for cause. 3.16.2 Effect of Termination. If this Agreement is terminated as provided herein, Commission may require Consultant to provide all finished or unfinished Documents and Data, as defined below, and other information of any kind prepared by Consultant in connection with the performance of Services under this Agreement. Consultant shall be required to provide such document and other information within fifteen (15) days of the request. APPENDIX B - 9 17336.00000\8752982.2 100 3.16.3 Additional Services. In the event this Agreement is terminated in whole or in part as provided herein, Commission may procure, upon such terms and in such manner as it may determine appropriate, services similar to those terminated. 3.17 Delivery of Notices. All notices permitted or required under this Agreement shall be given to the respective parties at the following address, or at such other address as the respective parties may provide in writing for this purpose: CONSULTANT: Attn : COMMISSION: Riverside County Transportation Commission 4080 Lemon Street, 3rd Floor Riverside, CA 92501 Attn: Executive Director Such notice shall be deemed made when personally delivered or when mailed, forty-eight (48) hours after deposit in the U.S. Mail, first class postage prepaid and addressed to the party at its applicable address. Actual notice shall be deemed adequate notice on the date actual notice occurred, regardless of the method of service. 3.18 Ownership of Materials/Confidentiality. 3.18.1 Documents & Data. This Agreement creates an exclusive and perpetual license for Commission to copy, use, modify, reuse, or sub -license any and all copyrights and designs embodied in plans, specifications, studies, drawings, estimates, materials, data and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings or data magnetically or otherwise recorded on computer diskettes, which are prepared or caused to be prepared by Consultant under this Agreement ("Documents & Data"). Consultant shall require all subcontractors to agree in writing that Commission is granted an exclusive and perpetual license for any Documents & Data the subcontractor prepares under this Agreement. Consultant represents and warrants that Consultant has the legal right to grant the exclusive and perpetual license for all such Documents & Data. Consultant makes no such representation and warranty in regard to Documents & Data which were prepared by design professionals other than Consultant or provided to Consultant by the Commission. Commission shall not be limited in any way in its use of the Documents & Data at any time, provided that any such use not within the purposes intended by this Agreement shall be at Commission's sole risk. APPENDIX B - 10 17336.00000\8752982.2 101 3.18.2Intellectual Property. In addition, Commission shall have and retain all right, title and interest (including copyright, patent, trade secret and other proprietary rights) in all plans, specifications, studies, drawings, estimates, materials, data, computer programs or software and source code, enhancements, documents, and any and all works of authorship fixed in any tangible medium or expression, including but not limited to, physical drawings or other data magnetically or otherwise recorded on computer media ("Intellectual Property") prepared or developed by or on behalf of Consultant under this Agreement as well as any other such Intellectual Property prepared or developed by or on behalf of Consultant under this Agreement. The Commission shall have and retain all right, title and interest in Intellectual Property developed or modified under this Agreement whether or not paid for wholly or in part by Commission, whether or not developed in conjunction with Consultant, and whether or not developed by Consultant. Consultant will execute separate written assignments of any and all rights to the above referenced Intellectual Property upon request of Commission. Consultant shall also be responsible to obtain in writing separate written assignments from any subcontractors or agents of Consultant of any and all right to the above referenced Intellectual Property. Should Consultant, either during or following termination of this Agreement, desire to use any of the above -referenced Intellectual Property, it shall first obtain the written approval of the Commission. All materials and documents which were developed or prepared by the Consultant for general use prior to the execution of this Agreement and which are not the copyright of any other party or publicly available and any other computer applications, shall continue to be the property of the Consultant. However, unless otherwise identified and stated prior to execution of this Agreement, Consultant represents and warrants that it has the right to grant the exclusive and perpetual license for all such Intellectual Property as provided herein. Commission further is granted by Consultant a non-exclusive and perpetual license to copy, use, modify or sub -license any and all Intellectual Property otherwise owned by Consultant which is the basis or foundation for any derivative, collective, insurrectional, or supplemental work created under this Agreement. 3.18.3 Confidentiality. All ideas, memoranda, specifications, plans, procedures, drawings, descriptions, computer program data, input record data, written information, and other Documents and Data either created by or provided to Consultant in connection with the performance of this Agreement shall be held confidential by Consultant. Such materials shall not, without the prior written consent of Commission, be used by Consultant for any purposes other than the performance of the Services. Nor shall such materials be disclosed to any person or entity not connected with the performance of the Services or the Project. Nothing furnished to Consultant which is otherwise known to Consultant or is generally known, or has become known, to the related industry shall be deemed confidential. Consultant shall not use Commission's APPENDIX B - 11 17336.00000\8752982.2 102 name or insignia, photographs of the Project, or any publicity pertaining to the Services or the Project in any magazine, trade paper, newspaper, television or radio production or other similar medium without the prior written consent of Commission. 3.18.4Infringement Indemnification. Consultant shall defend, indemnify and hold the Commission, its directors, officials, officers, employees, volunteers and agents free and harmless, pursuant to the indemnification provisions of this Agreement, for any alleged infringement of any patent, copyright, trade secret, trade name, trademark, or any other proprietary right of any person or entity in consequence of the use on the Project by Commission of the Documents & Data, including any method, process, product, or concept specified or depicted. 3.19 Cooperation; Further Acts. The Parties shall fully cooperate with one another, and shall take any additional acts or sign any additional documents as may be necessary, appropriate or convenient to attain the purposes of this Agreement. 3.20 Attorney's Fees. If either party commences an action against the other party, either legal, administrative or otherwise, arising out of or in connection with this Agreement, the prevailing party in such litigation shall be entitled to have and recover from the losing party reasonable attorney's fees and costs of such actions. 3.21 Indemnification. Consultant shall defend, indemnify and hold the Commission, its directors, officials, officers, agents, consultants, employees and volunteers free and harmless from any and all claims, demands, causes of action, costs, expenses, liabilities, losses, damages or injuries, in law or in equity, to property or persons, including wrongful death, in any manner arising out of or incident to any alleged negligent acts, omissions or willful misconduct of the Consultant, its officials, officers, employees, agents, consultants, and contractors arising out of or in connection with the performance of the Services, the Project or this Agreement, including without limitation, the payment of all consequential damages, attorneys fees and other related costs and expenses. Consultant shall defend, at Consultant's own cost, expense and risk, any and all such aforesaid suits, actions or other legal proceedings of every kind that may be brought or instituted against the Commission, its directors, officials, officers, agents, consultants, employees and volunteers. Consultant shall pay and satisfy any judgment, award or decree that may be rendered against the Commission or its directors, officials, officers, agents, consultants, employees and volunteers, in any such suit, action or other legal proceeding. Consultant shall reimburse the Commission and its directors, officials, officers, agents, consultants, employees and volunteers, for any and all legal expenses and costs, including reasonable attorney's fees, incurred by each of them in connection therewith or in enforcing the indemnity herein provided. Consultant's obligation to indemnity shall not be restricted to insurance proceeds, if any, received by the Commission or its directors, officials, officers, agents, consultants, employees and volunteers. Notwithstanding the foregoing, to the extent Consultant's Services are subject to Civil Code Section 2782.8, the above indemnity shall be limited, to the extent required by Civil Code Section 2782.8, to claims that arise out of, pertain APPENDIX B - 12 17336.00000\8752982.2 103 to, or relate to the negligence, recklessness, or willful misconduct of the Consultant. This Section 3.21 shall survive any expiration or termination of this Agreement. 3.22 Entire Agreement. This Agreement contains the entire Agreement of the parties with respect to the subject matter hereof, and supersedes all prior negotiations, understandings or agreements. This Agreement may only be supplemented, amended, or modified by a writing signed by both parties. 3.23 Governing Law. This Agreement shall be governed by the laws of the State of California. Venue shall be in Riverside County. 3.24 Time of Essence. Time is of the essence for each and every provision of this Agreement. 3.25 Commission's Right to Employ Other Consultants. The Commission reserves the right to employ other consultants in connection with this Project. 3.26 Successors and Assigns. This Agreement shall be binding on the successors and assigns of the parties, and shall not be assigned by Consultant without the prior written consent of Commission. 3.27 Prohibited Interests and Conflicts. 3.27.1 Solicitation. Consultant maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Consultant, to solicit or secure this Agreement. Further, Consultant warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for Consultant, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. For breach or violation of this warranty, Commission shall have the right to rescind this Agreement without liability. 3.27.2 Conflict of Interest. For the term of this Agreement, no member, officer or employee of Commission, during the term of his or her service with Commission, shall have any direct interest in this Agreement, or obtain any present or anticipated material benefit arising therefrom. 3.27.3 Conflict of Employment. Employment by the Consultant of personnel currently on the payroll of the Commission shall not be permitted in the performance of this Agreement, even though such employment may occur outside of the employee's regular working hours or on weekends, holidays or vacation time. Further, the employment by the Consultant of personnel who have been on the Commission payroll within one year prior to the date of execution of this Agreement, where this employment is caused by and or dependent upon the Consultant securing this or related Agreements with the Commission, is prohibited. APPENDIX B - 13 17336.00000\8752982.2 104 3.27.4 Employment Adverse to the Commission. Consultant shall notify the Commission, and shall obtain the Commission's written consent, prior to accepting work to assist with or participate in a third -party lawsuit or other legal or administrative proceeding against the Commission during the term of this Agreement. 3.28 Equal Opportunity Employment. Consultant represents that it is an equal opportunity employer and it shall not discriminate against any employee or applicant for employment because of race, religion, color, national origin, ancestry, sex or age. Such non-discrimination shall include, but not be limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff or termination. Consultant shall also comply with all relevant provi- sions of Commission's Disadvantaged Business Enterprise program, Affirmative Action Plan or other related Commission programs or guidelines currently in effect or hereinafter enacted. 3.29 Subcontracting. Consultant shall not subcontract any portion of the work or Services required by this Agreement, except as expressly stated herein, without prior written approval of the Commission. Subcontracts, if any, shall contain a provision making them subject to all provisions stipulated in this Agreement. 3.30 Prevailing Wages. By its execution of this Agreement, Consultant certified that it is aware of the requirements of California Labor Code Sections 1720 et seq. and 1770 et seq., as well as California Code of Regulations, Title 8, Section 16000 et seq. ("Prevailing Wage Laws"), which require the payment of prevailing wage rates and the performance of other requirements on certain "public works" and "maintenance" projects. If the Services are being performed as part of an applicable "public works" or "maintenance" project, as defined by the Prevailing Wage Laws, and if the total compensation is $1,000 or more, Consultant agrees to fully comply with such Prevailing Wage Laws. The Commission shall provide Consultant with a copy of the prevailing rate of per diem wages in effect at the commencement of this Agreement. Consultant shall make copies of the prevailing rates of per diem wages for each craft, classification or type of worker needed to execute the Services available to interested parties upon request, and shall post copies at the Consultant's principal place of business and at the project site. Consultant shall defend, indemnify and hold the Commission, its elected officials, officers, employees and agents free and harmless from any claims, liabilities, costs, penalties or interest arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. 3.30.1 DIR Registration. Effective March 1, 2015, if the Services are being performed as part of an applicable "public works" or "maintenance" project, then pursuant to Labor Code Sections 1725.5 and 1771.1, the Consultant and all subconsultants must be registered with the Department of Industrial Relations. If applicable, Consultant shall maintain registration for the duration of the Project and require the same of any subconsultants. This Project may also be subject to compliance monitoring and enforcement by the Department of Industrial Relations. It APPENDIX B - 14 17336.00000\8752982.2 105 shall be Consultant's sole responsibility to comply with all applicable registration and labor compliance requirements. 3.31 Employment of Apprentices. This Agreement shall not prevent the employment of properly indentured apprentices in accordance with the California Labor Code, and no employer or labor union shall refuse to accept otherwise qualified employees as indentured apprentices on the work performed hereunder solely on the ground of race, creed, national origin, ancestry, color or sex. Every qualified apprentice shall be paid the standard wage paid to apprentices under the regulations of the craft or trade in which he or she is employed and shall be employed only in the craft or trade to which he or she is registered. If California Labor Code Section 1777.5 applies to the Services, Consultant and any subcontractor hereunder who employs workers in any apprenticeable craft or trade shall apply to the joint apprenticeship council administering applicable standards for a certificate approving Consultant or any sub -consultant for the employment and training of apprentices. Upon issuance of this certificate, Consultant and any sub -consultant shall employ the number of apprentices provided for therein, as well as contribute to the fund to administer the apprenticeship program in each craft or trade in the area of the work hereunder. The parties expressly understand that the responsibility for compliance with provisions of this Section and with Sections 1777.5, 1777.6 and 1777.7 of the California Labor Code in regard to all apprenticeable occupations lies with Consultant. 3.32 No Waiver. Failure of Commission to insist on any one occasion upon strict compliance with any of the terms, covenants or conditions hereof shall not be deemed a waiver of such term, covenant or condition, nor shall any waiver or relinquishment of any rights or powers hereunder at any one time or more times be deemed a waiver or relinquishment of such other right or power at any other time or times. 3.33 Eight -Hour Law. Pursuant to the provisions of the California Labor Code, eight hours of labor shall constitute a legal day's work, and the time of service of any worker employed on the work shall be limited and restricted to eight hours during any one calendar day, and forty hours in any one calendar week, except when payment for overtime is made at not less than one and one-half the basic rate for all hours worked in excess of eight hours per day ("Eight -Hour Law"), unless Consultant or the Services are not subject to the Eight -Hour Law. Consultant shall forfeit to Commission as a penalty, $50.00 for each worker employed in the execution of this Agreement by him, or by any sub -consultant under him, for each calendar day during which such workman is required or permitted to work more than eight hours in any calendar day and forty hours in any one calendar week without such compensation for overtime violation of the provisions of the California Labor Code, unless Consultant or the Services are not subject to the Eight -Hour Law. APPENDIX B - 15 17336.00000\8752982.2 106 3.34 Subpoenas or Court Orders. Should Consultant receive a subpoena or court order related to this Agreement, the Services or the Project, Consultant shall immediately provide written notice of the subpoena or court order to the Commission. Consultant shall not respond to any such subpoena or court order until notice to the Commission is provided as required herein, and shall cooperate with the Commission in responding to the subpoena or court order. 3.35 Survival. All rights and obligations hereunder that by their nature are to continue after any expiration or termination of this Agreement, including, but not limited to, the indemnification and confidentiality obligations, and the obligations related to receipt of subpoenas or court orders, shall survive any such expiration or termination. 3.36 No Third Party Beneficiaries. There are no intended third party beneficiaries of any right or obligation assumed by the Parties. 3.37 Labor Certification. By its signature hereunder, Consultant certifies that it is aware of the provisions of Section 3700 of the California Labor Code which require every employer to be insured against liability for Workers' Compensation or to undertake self-insurance in accordance with the provisions of that Code, and agrees to comply with such provisions before commencing the performance of the Services. 3.38 Counterparts. This Agreement may be signed in counterparts, each of which shall constitute an original. 3.39 Incorporation of Recitals. The recitals set forth above are true and correct and are incorporated into this Agreement as though fully set forth herein. 3.40 Invalidity; Severability. If any portion of this Agreement is declared invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect. 3.41 Conflicting Provisions. In the event that provisions of any attached exhibits conflict in any way with the provisions set forth in this Agreement, the language, terms and conditions contained in this Agreement shall control the actions and obligations of the Parties and the interpretation of the Parties' understanding concerning the performance of the Services. 3.42 Headings. Article and Section Headings, paragraph captions or marginal headings contained in this Agreement are for convenience only and shall have no effect in the construction or interpretation of any provision herein. 3.43 Assignment or Transfer. Consultant shall not assign, hypothecate, or transfer, either directly or by operation of law, this Agreement or any interest herein, without the prior written consent of the Commission. Any attempt to do so shall be null and void, and any assignees, hypothecates or transferees shall acquire no right or interest by reason of such attempted assignment, hypothecation or transfer. APPENDIX B - 16 17336.00000\8752982.2 107 3.44 Authority to Enter Agreement. Consultant has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each Party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to make this Agreement and bind each respective Party. [SIGNATURES ON FOLLOWING PAGE] APPENDIX B - 17 17336.00000\8752982.2 108 SIGNATURE PAGE TO RIVERSIDE COUNTY TRANSPORTATION COMMISSION AGREEMENT FOR AUDIT SERVICES FOR THE TRANSPORTATION DEVELOPMENT ACT (TDA) TRIENNIAL AUDIT WITH [ CONSULTANT ] IN WITNESS WHEREOF, this Agreement was executed on the date first written above. RIVERSIDE COUNTY CONSULTANT TRANSPORTATION COMMISSION [INSERT NAME OF CONSULTANT] By: By: [INSERT NAME] Signature Chairman [NOT NEEDED IF APPROVED BY COMMISSION] By: Anne Mayer Executive Director Name Title Approved as to Form: Attest: By: By: Best Best & Krieger LLP Its: Secretary General Counsel APPENDIX B - 18 17336.00000\8752982.2 109 EXHIBIT "A" - SCOPE OF SERVICES [ TO BE INSERTED] EXHIBIT "B" - SCHEDULE OF SERVICES [ TO BE INSERTED] EXHIBIT "C" - COMPENSATION [ TO BE INSERTED] APPENDIX B - 19 17336.00000\8752982.2