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HomeMy Public PortalAbout08 August 28, 2017 Budget & ImplementationComments are welcomed by the Committee. If you wish to provide comments to the Committee, please complete and submit a Speaker Card to the Clerk of the Board. RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE MEETING AGENDA TIME: 9:30 a.m. DATE: Monday, August 28, 2017 LOCATION: BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor, Riverside  COMMITTEE MEMBERS  Jan Harnik, Chair / Susan Marie Weber, City of Palm Desert Rusty Bailey, Vice Chair / Andy Melendrez, City of Riverside Lloyd White / Nancy Carroll, City of Beaumont Jim Hyatt / Jeff Hewitt, City of Calimesa Randall Bonner / Jordan Ehrenkranz, 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 Linda Krupa / Michael Perciful, City of Hemet Dana Reed / To Be Appointed, City of Indian Wells Bob Magee / Natasha Johnson, City of Lake Elsinore Rick Gibbs / Jonathan Ingram, City of Murrieta Michael Naggar / Matt Rahn, City of Temecula John F. Tavaglione, County of Riverside, District II Chuck Washington, County of Riverside, District III  STAFF  Anne Mayer, Executive Director Theresia Trevino, Chief Financial Officer  AREAS OF RESPONSIBILITY  Annual Budget Development and Oversight Competitive Federal and State Grant Programs Countywide Communications and Outreach Programs Countywide Strategic Plan Legislation Public Communications and Outreach Programs Short Range Transit Plans COMM-BI-00042 Riverside County Transportation Commission TO: Riverside County Transportation Commission FROM: Jennifer Harmon, Clerk of the Board DATE: August 22, 2017 SUBJECT: Possible Conflicts of Interest Issues — Budget and Implementation Committee Agenda of August 28, 2017 The August 28 agenda of the Budget and Implementation Committee includes items which may raise possible conflicts of interest. A ROTC member may not participate in any discussion or action concerning a contract or amendment if a campaign contribution of more than $250 is received in the past 12 months or 3 months following the conclusion from any entity or individual listed. Agenda Item No. 8 —Extension of the Commercial Paper Program Standby Letter of Credit Consultant(s): State Street Bank and Trust Company Darren Carmon, Assistant Vice President 1 Lincoln Street Boston, MA 02111 Tara Bve rl From: Tara Byerly Sent: Tuesday, August 22, 2017 3:46 PM To: Tara Byerly Cc: Anne Mayer; STANDIFO Subject: RCTC: Budget and Implementation Committee Agenda - 08.28.2017 Importance: High Good afternoon 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, August 28. http://rctcdev.info/uploads/media items/budget-and-implementation-committee-august-28-2017.original.pdf Also attached for your review, is the Conflict of Interest memo and form. Let me know if you have any questions. Conflict of Interest Merno.p... Respectfully, Conflict of Interest Form.pdf Tara Byerly Deputy Clerk of the Board Riverside County Transportation Commission 951.787.7141 W 1951.787.7906 F 4080 Lemon St. 3rd FI. 1 P.O. Box 12008 Riverside, CA 92502 rctc. o rg f Wr in 1 RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE www.rctc.org AGENDA* *Actions may be taken on any item listed on the agenda 9:30 a.m. Monday, August 28, 2017 BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor Riverside, California In compliance with the Brown Act and Government Code Section 54957.5, agenda materials distributed 72 hours prior to the meeting, which are public records relating to open session agenda items, will be available for inspection by members of the public prior to the meeting at the Commission office, 4080 Lemon Street, Third Floor, Riverside, CA, and on the Commission’s website, www.rctc.org. In compliance with the Americans with Disabilities Act, Government Code Section 54954.2, and the Federal Transit Administration Title VI, please contact the Clerk of the Board at (951) 787-7141 if special assistance is needed to participate in a Commission meeting, including accessibility and translation services. Assistance is provided free of charge. Notification of at least 48 hours prior to the meeting time will assist staff in assuring reasonable arrangements can be made to provide assistance at the meeting. 1. CALL TO ORDER 2. ROLL CALL 3. PLEDGE OF ALLEGIANCE 4. PUBLIC COMMENTS – Each individual speaker is limited to speak three (3) continuous minutes or less. The Committee may, either at the direction of the Chair or by majority vote of the Committee, waive this three minute time limitation. Depending on the number of items on the Agenda and the number of speakers, the Chair may, at his/her discretion, reduce the time of each speaker to two (2) continuous minutes. Also, the Committee may terminate public comments if such comments become repetitious. In addition, the maximum time for public comment for any individual item or topic is thirty (30) minutes. Speakers may not yield their time to others without the consent of the Chair. Any written documents to be distributed or presented to the Committee shall be submitted to the Clerk of the Board. This policy applies to Public Comments and comments on Agenda Items. Under the Brown Act, the Board should not take action on or discuss matters raised during public comment portion of the agenda which are not listed on the agenda. Board members may refer such matters to staff for factual information or to be placed on the subsequent agenda for consideration. Budget and Implementation Committee August 28, 2017 Page 2 5. APPROVAL OF MINUTES – JUNE 26, 2017 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 FINANCIAL STATEMENTS Page 1 Overview This item is for the Committee to: 1) Receive and file the Quarterly Financial Statements for the year ended June 30, 2017; and 2) Forward to the Commission for final action. 7B. SINGLE SIGNATURE AUTHORITY REPORT Page 9 Overview This item is for the Committee to: 1) Receive and file the Single Signature Authority report for the fourth quarter ended June 30, 2017; and 2) Forward to the Commission for final action. 7C. QUARTERLY INVESTMENT REPORT Page 11 Overview This item is for the Committee to: 1) Receive and file the Quarterly Investment Report for the quarter ended June 30, 2017; and 2) Forward to the Commission for final action. Budget and Implementation Committee August 28, 2017 Page 3 8. EXTENSION OF THE COMMERCIAL PAPER PROGRAM STANDBY LETTER OF CREDIT Page 68 Overview This item is for the Committee to: 1) Ratify the Request for Extension of the Reimbursement Agreement, dated as of October 1, 2014, by and between the Commission and State Street Bank and Trust Company (State Street Bank), relating to the Commission’s Commercial Paper Notes, Series A 2) Ratify the draft Fee Agreement No. 14-19-150-01, Amendment No. 1 to Agreement No. 14-19-150-00, between the Commission and State Street Bank relating to the Commission’s Commercial Paper Notes, Series A in an amount not to exceed $800,000, and the authorization for the Executive Director and/or other authorized representative to approve and execute the final fee agreement amendment; and 3) Forward to the Commission for final action. 9. STATE AND FEDERAL LEGISLATIVE UPDATE Page 77 Overview This item is for the Committee to: 1) Receive and file an update on state and federal legislation; and 2) Forward to the Commission for final action. 10. 2018 STATE TRANSPORTATION IMPROVEMENT PROGRAM FINAL FUND ESTIMATE AND PROJECT RECOMMENDATIONS Page 83 Overview This item is for the Committee to: 1) Approve staff project recommendations for the Western Riverside County State Transportation Improvement Program (STIP) share as part of the 2018 STIP submittal due to the California Transportation Commission (CTC) by December 15, 2017; 2) Forward the recommended STIP projects to the Southern California Association of Governments (SCAG) to conduct performance analysis as required by the STIP guidelines; 3) Approve Agreement No. 07-71-028-03, Amendment No. 3 to Agreement No. 07-71-028-00, with the city of Blythe (Blythe) to trade $608,024 of Palo Verde Valley STIP funds with Measure A Western Riverside County Highway funds to facilitate delivery of local arterial projects; Budget and Implementation Committee August 28, 2017 Page 4 4) Authorize the Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission upon CTC adoption of the 2018 STIP in March 2018; and 5) Forward to the Commission for final action. 11. FISCAL YEAR 2017/18 ANNUAL LOCAL TRANSPORTATION FUND PLANNING ALLOCATIONS TO WESTERN RIVERSIDE COUNCIL OF GOVERNMENTS AND COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS Page 87 Overview This item is for the Committee to: 1) Approve an allocation of Local Transportation Funds (LTF) funds for planning in the amount of $726,000 for Western Riverside Council of Governments (WRCOG) and $396,000 for the Coachella Valley Association of Governments (CVAG) for efforts identified in each agency’s Fiscal Year 2017/18 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. 12. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA 13. 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. 14. ADJOURNMENT AND THE NEXT MEETING The next Budget and Implementation Committee meeting is scheduled to be held at 9:30 a.m., Monday, September 25, 2017, Board Chambers, First Floor, County Administrative Center, 4080 Lemon Street, Riverside. RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE SIGN -IN SHEET AUGUST 28, 2017 NAME AGENCY EMAIL ADDRESS . r�Xi--avb p d jr/1,- ,44.-i-ze,7 71/ 7 0r ��9dMo i HU efr- tS1na17?v /mil^�IJCe . �I,,,, K,� �jK �^i Al,Lss'Th-- A i� i�� 1`Ar6-4(,' for ,�A' ``��%% , (_._. �,� -ls, eve fri, e":41-- 5 .,(„Y----e yid— K i-� �! � c� n� ��,( F�Au� Ree6 .4. RIVERSIDE COUNTY TRANSPORTATION COMMISSION BUDGET AND IMPLEMENTATION COMMITTEE ROLL CALL AUGUST 28, 2017 Present Absent County of Riverside, District II O County of Riverside, District III f� CI „. City of Beaumont ,O City of Calimesa )1a- ;213:.,„ City of Canyon Lake O City of Cathedral City O )2, City of Coachella O .°-2.. City of Desert Hot Springs CI PX" City of Hemet %_,O City of Indian Wells ,O City of Lake Elsinore ,,A' O City of Murrieta 21- CI City of Palm Desert ,0'l O City of Riverside ,Of0 City of Temecula � O AGENDA ITEM 5 MINUTES RIVERSIDE COUNTY TRANSPORTATION COMMISSION    BUDGET AND IMPLEMENTATION COMMITTEE    Monday, June 26, 2017    MINUTES    1. CALL TO ORDER / ROLL CALL    The meeting of the Budget and Implementation Committee was called to order by  Chair Jan Harnik at 9:35 a.m., in the Board Room at the County of Riverside Administrative  Center, 4080 Lemon Street, First Floor, Riverside, California, 92501.    Members/Alternates Present Members Absent     Rick Gibbs Rusty Bailey  Dawn Haggerty Nancy Carroll  Jan Harnik Steven Hernandez  Jim Hyatt Michael Naggar  Shelley Kaplan   Linda Krupa   Bob Magee   Scott Matas   Dana Reed   John Tavaglione   Chuck Washington      2. PLEDGE OF ALLEGIANCE    At this time, Commissioner Bob Magee led the Budget and Implementation Committee in  a flag salute.    3. PUBLIC COMMENTS    There were no requests to speak from the public.     4. APPROVAL OF MINUTES – MAY 22, 2017    M/S/C (Haggerty/Kaplan) to approve the minutes of May 22, 2017 meeting as  submitted.    RCTC Budget and Implementation Committee Minutes  June 26, 2017  Page 2  5. ADDITIONS / REVISIONS    There were no additions or revisions to the agenda.    6. STATE AND FEDERAL LEGISLATIVE UPDATE    Jillian Guizado, Senior Legislative Affairs Analyst, provided an update on state and federal  legislative activities.    Anne Mayer discussed the concerns and impacts of the Fostering Advancements in Shipping  and Transportation for the Long‐term Achievement of National Efficiencies (FASTLANE)  grants that have not been acted upon by the federal government.  She then discussed the  Interstate 15 Express Lanes project status and financial close, as well as AB 115 and AB 132.   She expressed gratitude to California State Transportation Agency Undersecretary Brian  Annis for his very detailed work and collaboration, and to Commission Lobbyist Mark Watts,  External Affairs Director Aaron Hake, and Jillian Guizado for their hard work.    M/S/C (Gibbs/Reed) to:    1) Adopt the following bill position:  a) AB 1282 (Mullin) – Support;  2) Receive and file an update on state and federal legislation; and  3) Forward to the Commission for final action.    7. 2018 STATE TRANSPORTATION IMPROVEMENT PROGRAM DEVELOPMENT    Shirley Medina, Planning and Programming Director, provided the details for the  2018 State Transportation Improvement Program.    M/S/C (Magee/Tavaglione) to:    1) Approve the State Transportation Improvement Program (STIP)  Intracounty Formula percentage distribution among the three  geographic areas in Riverside County (Western County, Coachella Valley,  and Palo Verde Valley) based on taxable sales per the STIP Intracounty  Memorandum of Understanding (MOU) for purposes of preparing the  Commission’s 2018 STIP submittal as follows:   Western County 77.30 percent   Coachella Valley 22.11 percent   Palo Verde Valley 00.59 percent; and  2) Forward to the Commission for final action.    RCTC Budget and Implementation Committee Minutes  June 26, 2017  Page 3  8. FISCAL YEARS 2017/18 – 2021/22 MEASURE A FIVE‐YEAR CAPITAL IMPROVEMENT  PLANS FOR THE LOCAL STREETS AND ROADS PROGRAM    Lorelle Moe‐Luna, Senior Management Analyst, presented the Fiscal Years 2017/18 –  2021/22 Measure A Five‐Year Capital Improvement Plans (CIP) for Local Streets and Roads  (LSR), highlighting the following areas:     Measure A Ordinance – Allocated within three geographic areas:  Western County,  Coachella Valley, and Palo Verde Valley;   Distribution of Measure A LSR funds; and   LSR requirements.    M/S/C (Gibbs/Tavaglione) to:    1) Approve the Fiscal Years 2017/18 – 2021/22 Measure A Five‐Year Capital  Improvement Plan (CIP) for Local Streets and Roads (LSR) as submitted  by the participating agencies; and  2) Forward to the Commission for final action.    9. CALIFORNIA TRANSPORTATION COMMISSION ACTIVE TRANSPORTATION PROGRAM  CYCLE 3 – ADDITIONAL FUNDING OPPORTUNITIES UPDATE    Lorelle Moe‐Luna provided an update for the California Transportation Commission  Active Transportation Program (ATP) Cycle 3 additional funding opportunities.    Anne Mayer expressed this additional funding presents an excellent opportunity for  Riverside County to fund some significant projects.  She suggested the Commissioners  work with their staffs to prepare applications for ATP project funding and noted  Commission staff is available to assist.    M/S/C to:    1) Receive and file the update on Active Transportation Program (ATP)  Funding Opportunities Cycle 3; and  2) Forward to the Commission for final action.    10. FISCAL YEAR 2017/18 SB 821 BICYCLE AND PEDESTRIAN FACILITIES PROGRAM FUNDING  RECOMMENDATIONS    Martha Masters, Management Analyst, presented the details for the Fiscal Year 2017/18  SB 821 Bicycle and Pedestrian Facilities program funding recommendations.     RCTC Budget and Implementation Committee Minutes  June 26, 2017  Page 4  M/S/C (Matas/Haggerty) to:    1) Approve the Fiscal Year 2017/18 SB 821 Bicycle and Pedestrian Facilities  program funding recommendations in the amount of $3,599,364;  2) Direct staff to prepare memorandums of understanding (MOUs) with the  project sponsors to outline the project schedule and local funding  commitments;  3) Authorize the Chair or Executive Director, pursuant to legal counsel  review, to execute the agreements on behalf of the Commission; and  4) Forward to the Commission for final action.    11. RIVERSIDE COUNTY TRANSIT SERVICES FUNDING ALLOCATION FOR FISCAL YEAR  2017/18    Josefina Clemente, Transit Manager, presented the Fiscal Year 2017/18 funding allocation  for Riverside County transit services, highlighting the following areas:     Short Range Transit Plans (SRTPs) FYs 2017/18 – 2019/20 – Cities of Banning,  Beaumont, Corona, Riverside; the Commission’s Commuter Rail Program; Palo  Verde Valley Transit Agency; Riverside Transit Agency; and Sunline Transit Agency  (SunLine);   Riverside County FY 2017/18 transit funding request;   Operating and capital program funds – FY 2017/18 versus FY 2016/17; and   FY 2017/18 transit financial plan by revenue source.    M/S/C (Krupa/Kaplan) to:    1) Conduct a public hearing at its July Commission meeting on the proposed  Section 5307 Program of Projects (POP);  2) Approve the Fiscal Year 2017/18 Federal Transit Administration’s (FTA)  Section 5307 and 5311 POP for Riverside County;  3) Approve the FY 2017/18 Local Transportation Fund (LTF) and State  Transit Assistance (STA) fund allocations for transit;  4) Direct staff to add projects into the Federal Transportation Improvement  Program (FTIP);  5) Adopt Resolution No. 17‐012, “Resolution of the Riverside County  Transportation Commission to Allocate State Transit Assistance Funds”;  and  6) Forward to the Commission for final action.       RCTC Budget and Implementation Committee Minutes  June 26, 2017  Page 5  12. RIVERSIDE COUNTY PUBLIC TRANSPORTATION: ANNUAL COUNTYWIDE PERFORMANCE  REPORT FOR FISCAL YEAR 2015/16    Monica Morales, Management Analyst, welcomed and introduced Dennis Brooks,  AMMA Transit Planner, to present the Riverside County Public Transportation: Annual  Countywide Performance Report (Countywide Report) for Fiscal Year 2015/16.    Dennis Brooks presented the Countywide Report, highlighting the following areas:     History of the Countywide Report;   Public Transportation Themes; and   Measurements – 1) Farebox; 2) Utilization; 3) Coverage; 4) Connectivity; and   5) Resources.    In response to Commissioner Dana Reed’s question regarding the Americans with  Disabilities Act (ADA) and paratransit service, Dennis Brooks responded transit agencies  are required to provide paratransit service within ¾ of a mile of fixed‐route service or a  rail station and within the same operating hours as the fixed‐route service; however,  some operators choose to provide service beyond that requirement as a public service.    M/S/C to:    1) Receive and file the Riverside County Public Transportation: Annual  Countywide Performance Report (Countywide Report) for Fiscal Year  2015/16; and  2) Forward to the Commission for final action.    13. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA    There were no items pulled from the consent calendar.    14. COMMISSIONERS / EXECUTIVE DIRECTOR REPORT    There were no Commissioner or Executive Director comments.       RCTC Budget and Implementation Committee Minutes  June 26, 2017  Page 6  15. ADJOURNMENT    There being no further business for consideration by the Budget and Implementation  Committee, the meeting was adjourned at 10:23 a.m.    Respectfully submitted,    Jennifer Harmon  Clerk of the Board  AGENDA ITEM 7A Agenda Item 7A RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 28, 2017 TO: Budget and Implementation Committee FROM: Michele Cisneros, Deputy Director of Finance THROUGH: Theresia Trevino, Chief Financial Officer SUBJECT: Quarterly Financial Statements STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file the Quarterly Financial Statements for the year ended June 30, 2017; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: During the fiscal year, staff monitored the revenues and expenditures/expenses for the Commission. The attached financial statements present the revenues and expenditures/expenses for the Fiscal Year 2016/17. Many accrual adjustments for revenues and expenditures/expenses have been made for the year ended June 30, 2017, and are reflected in these financial statements; however, staff will continue to make year-end accrual adjustments depending upon materiality through the completion of the audit in October 2017. The operating statement shows the sales tax revenues for the fourth quarter at 96 percent of the budget. This is a result of the Governmental Accounting Standards Board (GASB) Statement No. 33. GASB 33 requires sales tax revenue to be accrued for the period in which it is collected at point of sale. The State Board of Equalization (SBOE) collects the Measure A funds and remits these funds to the Commission after the reporting period for the business. This creates a two-month lag in the receipt of revenues by the Commission. Accordingly, these financial statements reflect the revenues related to collections through June 2017 except for a quarterly adjustment or “clean up” payment expected in September that will be included as FY 2016/17 revenues. On a cash basis through June 30, 2017, the Measure A and Local Transportation Fund sales tax receipts are 3.60 and 3.43 percent higher, respectively than the same period last fiscal year. However, State Transit Assistance Fund revenues accrued through the fourth quarter are lower than what was projected by the SBOE. Staff will continue to monitor the trends in the sales tax receipts and report to the Commission any necessary adjustments. 1 Agenda Item 7A Federal, state, and local revenues are on a reimbursement basis. The Commission will receive these funds as eligible project costs are incurred and invoiced to the respective agencies. Significant federal and state reimbursements are related to the 71/91 connector project, Interstate 215 Central Widening project (I-215 Central), and Perris Valley Line (PVL). The following is an analysis of federal and state reimbursement revenues reflected in this quarterly report: Staff will continue to prepare year-end reimbursement accrual adjustments in connection with the year-end closing and audit process. During the FY 2016/17 budget process, the Commission took a conservative approach to estimate the Transportation Uniform Mitigation Fee (TUMF) revenues of $18.5 million passed through from Western Riverside Council of Governments (WRCOG). The Commission recorded TUMF receipts through April 2017 and revenue accrual estimates for May and June. The budgeted balance of $20,000 relates to the TUMF zone reimbursements from WRCOG for the I-215 Central project. Toll revenues budgeted at $3.8 million represent a half year of projected toll transactions for the RCTC 91 Express Lanes based on the Riverside County 91 Express Lanes Extension Investment Grade Traffic and Revenue Report and 2013 financing assumptions. Substantial completion and commencement of toll operations occurred in March 2017. Toll revenue transactions of $8,195,904 reflect 103 days of toll operations. Budget Actual Budget Actual Highways 71/91 Connector $ 1,992,113 $ 134,711 $ - $ - I-215 Central - - 2,250,000 1,951,324 Pachappa Underpass 13,439,840 - - - Other 4,183,500 2,477,514 1,250,000 - Total 19,615,453 2,612,225 3,500,000 1,951,324 Rail Perris Valley Line - 3,128,513 - 670,542 Other 9,484,000 2,587,963 748,000 432,171 Total 9,484,000 5,716,476 748,000 1,102,713 Other 8,088,500 309,306 7,341,241 4,236,941 Total $ 37,187,953 $ 8,638,007 $ 11,589,241 $ 7,290,978 Federal Reimbursement State Reimbursement Revenues 2 Agenda Item 7A Other revenues include $2.3 million of non-toll revenues not attributable directly to toll transactions and derived from the Commission’s share of 91 Express Lanes’ transaction-based fees and account-based fees, net of uncollectible tolls. The budgeted balance of $218,000 relates to property management revenues generated from various Commission-owned properties. The Commission took a conservative approach in estimating investment income for FY 2016/17, as a result of flat interest yields on investment balances. Investment income is higher in the fourth quarter primarily as a result of the investment of sales tax and toll revenue bond proceeds and rising investment yields. The expenditures/expenses and other financing sources/uses categories are in line overall with the expectations of the budget with the following exceptions: • Professional services include a swap termination payment of $10.3 million to Deutsche Bank (DB). Due to Moody’s Investor Service lowering DB’s long-term rating to Baa2, the downgrade resulted in the occurrence of a termination event under the swap agreement. At its September 2016 meeting, the Commission approved the termination of the forward interest rate swap with DB in the outstanding notional amount of $63.9 million and a termination cost of $10.3 million, resulting in the refunding of the 2009 Series A Sales Tax Revenue Variable Rate Demand Bonds (2009 A Bonds). Professional services are under budget due to unused budget authority for rail station operations and capital highway and rail projects; • Support costs are under budget due to unused budget authority for rail station and motorist assistance maintenance and repairs and toll operations support; • Program operations are under budget due to unused budget authority for the 91 Project activities, motorist and commuter assistance program operations, and highway and rail program management; • Capital project expenditures/expenses are generally affected by lags in invoices submitted by contractors and consultants, as well as other issues encountered during certain phases of the projects. The status of significant capital projects with a budget exceeding $5 million is discussed in the attachment; • Operating and capital disbursements disbursements are made as claims are submitted to the Commission by transit operators; • Special studies unused budget authority is related to feasibility studies; • Local streets and roads are related to the timing of Measure A sales tax revenue accrual adjustment for June and the clean-up payment, which will be determined in September. This will have a direct effect on the local streets and roads turn-back expenditures to local jurisdictions; • Regional arterial expenditures primarily represent expenditures for the highways and regional arterial program administered by the Coachella Valley Association of Governments (CVAG). CVAG requests reimbursements from the Commission based on available funds and sufficient budget authority; 3 Agenda Item 7A • Debt service principal payments are made annually on June 1, while interest payments are made semiannually on December 1 and June 1, except for the 2009 Sales Tax Revenue Bonds Series B and Series C (variable rate) as those interest payments are monthly. A portion of the proceeds from the issuance of the 2016 Series A Sales Tax Revenue Refunding Bonds (2016 Refunding Bonds) were used to retire all of the $20 million outstanding commercial paper notes; • Cost of issuance and payment to escrow agent relate to the 2016 Refunding Bonds resulting from the termination of the DB interest rate swap and refunding of the 2009 A Bonds. The financial closing of the issuance of the 2016 Refunding Bonds and payment of the cost of issuance and payment to escrow agent to refund the 2009 A Bonds occurred in October 2016; • Capital outlay expenditures/expenses are under budget due to unused budget authority for station security improvements, toll operations equipment, and Commission network, hardware, and software improvements; • The Commission entered into a loan agreement with the U.S. Department of Transportation in July 2013 for a $421,054,409 Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to pay eligible State Route 91 Corridor Improvement Project (91 Project) costs. The loan is a toll revenue bonds (TIFIA Bond) that is subordinate to the 2013 Toll Bonds. Proceeds of the TIFIA Bond may be drawn upon after certain conditions have been met. Through the fourth quarter, the Commission drew down the remaining balance of $143,400,000 in TIFIA loan proceeds. During construction and for a period of up to five years following substantial completion, interest is compounded and added to the initial TIFIA loan. TIFIA debt service payments are expected to commence on December 1, 2021, which is approximately five years after substantial completion of the 91 Project, through June 1, 2051; and • At its September 2016 meeting, the Commission approved the issuance of the 2016 Refunding Bonds of $76.1 million to refund all of the outstanding 2009 A Bonds, retire all of the outstanding commercial paper notes, which were applied to finance the termination payment in connection with an interest rate swap agreement with DB, and pay cost of issuance. In March 2017, $20 million of commercial paper notes were issued, representing half of the amount included in the FY 2016/17 budget. The 2016 Refunding Bonds were sold at a premium of $8.4 million. Attachments: 1) Quarterly Project Status – June 2017 2) Quarterly Financial Statements – June 2017 4 RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY PROJECT STATUS 4TH QUARTER FOR TWELVE MONTHS ENDED 6/30/2017 FY 2016/17 BUDGET 4TH QUARTER EXPENDITURES Project Description Project Status 91 Project (Design-Build) $ 186,176,400 $165,855,818 The Design-Build contract has an actual reported progress of 98 percent as of June 30, 2017, with substantial completion and opening of the express lanes occurring on March 20, 2017. The Commission acquired and delivered all 197 Caltrans Parcel Numbers to the Design-Builder. Construction is complete on all 32 bridges and 91 of 92 walls. All 90 utility relocations are complete. The under run of the FY 2016/17 budget at the fourth quarter is due to under runs in right of way (ROW) including anticipated goodwill and negotiated settlement costs ($38.2 million), the Systems Integration contract and associated pre-opening costs ($4.1 million), the project and construction management (PCM) contract ($1.7 million), and the Caltrans Cooperative Agreement ($0.8 million). The Design-Build costs exceeded the budget by $14.5 million, mostly due to several change orders. The project will connect with Orange County Transportation Authority’s tolled express lanes at the Orange County/Riverside County line and continue approximately eight miles to the Interstate (I)-15/State Route (SR)-91 interchange. The project involves widening pavement on the outside of the existing highway to reposition general purpose lanes and repurposing the existing High Occupancy Vehicle (HOV) lanes to accommodate two-tolled express lanes in the median in each direction. The SR-91 CIP also involves constructing one new general purpose lane in each direction from SR-71 to I-15, ultimately providing two-tolled express lanes and five general purpose lanes in each direction. SR-91 CIP development activities began in September 2007, construction work related to roadway and structures began in July 2014, and the express lanes are expected to open in early 2017. The total acquisition and construction cost of the SR-91 CIP is estimated at $1.4 billion, including capitalized interest, debt service reserves, contingency, and cost of issuance. I-15 Express Lanes Project 31,832,300 20,249,270 Staff completed the project report and environmental document phase of work in May 2016. Procurement shortlists for both toll services and Design-Build were announced in the first quarter of 2016. The tolling services contract was awarded in January 2017, and the Design-Build contract was awarded in April 2017. The under run of the FY 2016/17 budget at the fourth quarter is due to under runs in the Design-Build contract ($6.3 million), Caltrans support ($1.8 million), the PCM contract ($1.9 million) and special legal services for completion of the Toll Services Provider and Design-Build procurement documents ($1.4 million). The 2017 CAPEX forecast, which included the awards of the two major contracts, resulted in a decrease of the estimated project cost to $455 million, including $42 million of contingency. The project will generally add two tolled express lanes in each direction from SR-60 to Cajalco Road in Corona. Project development activities began in April 2008, and lanes are expected to open to traffic in 2020. The 2016 CAPEX forecast estimates the total project cost at $486 million, which includes $46 million of contingency. ATTACHMENT 1 5 Project Description FY 2016/17 BUDGET 4TH QUARTER EXPENDITURES Project Status I-215 Corridor Improvements/Scott Road to Nuevo Road 5,588,728 2,304,029 The notice to proceed for construction was issued in December 2012; construction started in January 2013 and was substantially completed in August 2016. Remedial shoulder paving is underway and is the last major work remaining. Project close-out continues. The project will add one mixed flow lane in each direction. Preliminary engineering began in 2007 and was completed in 2011. Final design began in 2011 and was completed in December 2012; construction began in 2013 and is expected to be completed in 2016. The estimated project cost is $120 million. Mid County Parkway 11,764,300 3,994,745 Staff completed the work on the Environmental Impact Report/ Environmental Impact Study. Major milestones have been met and the project’s Record of Decision was published in the Federal register in August 2015. The Commission approved the procurement for final design of the I-215 Placentia Interchange in November 2016. Staff secured approval with the Federal Highway Administration of the New Connection Report. Staff continues to work on the approval of the Compensatory Mitigation Plan with the U.S. Army Corps of Engineers. Staff started the work on the Cultural Landscape Study for cultural resources mitigation. The Commission acquired some of the mitigation land needed for the project. Staff continues to work on identifying the remaining mitigation land needed. The environmental document for a new corridor from I- 215 to SR-79 was approved in April 2015. The first design package is anticipated to be completed in FY 2018/2019. Construction of this new facility will be completed over many years as funding becomes available; the project cost is estimated at $1.3 to $1.6 billion. Pachappa Underpass Project 12,183,600 195,394 ROW acquisition continues and discussions with Union Pacific Railroad (UPRR) are underway for the construction and maintenance agreement. Design issues between Caltrans and UPRR appear to be resolved. The project will remove the Pachappa shoofly activities and construct the retaining wall, drainage, and track work for the permanent Pachappa underpass; the project cost is estimated at $12 million. Perris Valley Line and other rail projects 8,043,900 (4,474,646) The Federal Transit Administration (FTA) awarded Small Starts Grant Agreement funds. ROW acquisition activities for the station and layover facility at south Perris have been completed. Following the settlement of a lawsuit challenging elements of the California Environmental Quality Act document in July 2013, the construction contract was given limited notice to proceed in October 2013 and full notice following FTA approval of the Small Starts Grant Agreement. Active construction commenced in January 2014. Metrolink operations commenced in June 2016. Substantial completion was reached in September 2016. Final completion is expected in July 2017. The negative expenditures amounts through the fourth quarter represents the impact of an over accrual of expenditures in FY 2015/16. The project extends commuter rail services to the city of Perris. The project commenced in December 2007 when the Commission received approval from the Federal Transit Administration (FTA) to move into project development. Expected completion date is December 2015 for an estimated project cost of $248.3 million. Other rail projects include adding a fourth main track between the Riverside Downtown station to the connector to the San Jacinto Branch Line at Highgrove. This list discusses the significant capital projects (i.e., total budgeted costs in excess of $5 million) and related status. Capital project expenditures are generally affected by lags in invoices submitted by contractors and consultants, as well as issues encountered during certain phases of the projects. The capital projects budgets tend to be based on aggressive project schedules. 6 Revenues Sales tax 268,821,600$ 258,679,417$ (10,142,183)$ 96% Federal reimbursements 37,187,953 8,638,007 (28,549,946)23% State reimbursements 11,589,241 7,290,978 (4,298,263)63% Local reimbursements 10,496,100 8,998,234 (1,497,866)86% Transportation Uniform Mitigation Fee 18,520,000 16,530,337 (1,989,663)89% Toll revenues 3,798,000 8,195,904 4,397,904 216% Other revenues 2,518,000 2,597,475 79,475 103% Investment income 1,849,000 5,883,165 4,034,165 318% Total revenues 354,779,894 316,813,517 (37,966,377)89% Expenditures Salaries and benefits 9,505,100 8,639,606 865,494 91% Professional and support Professional services 44,296,100 23,890,159 20,405,941 54% Support costs 10,089,000 5,786,348 4,302,652 57% Total Professional and support costs 54,385,100 29,676,507 24,708,593 55% Projects and operations Program operations - general 20,408,900 15,519,519 4,889,381 76% Engineering 18,732,900 3,164,240 15,568,660 17% Construction 89,863,279 24,749,030 65,114,249 28% Design Build 145,010,600 155,175,700 (10,165,100)107% Right of way/land 74,289,713 33,808,416 40,481,297 46% Operating and capital disbursements 151,020,792 103,527,810 47,492,982 69% Special studies 2,965,000 213,810 2,751,190 7% Local streets and roads 51,358,000 49,901,724 1,456,276 97% Regional arterials 30,516,600 14,597,034 15,919,566 48% Total projects and operations 584,165,784 400,657,283 183,508,501 69% Debt service Principal 28,100,000 27,317,243 782,757 97% Interest 45,915,800 46,112,052 (196,252) 100% Cost of issuance 645,000 654,006 (9,006) 101% Payment to escrow agent 63,900,000 63,900,000 - 100% Total debt service 138,560,800 137,983,301 577,499 100% Capital outlay 3,801,000 5,810,310 (2,009,310) 153% Total Expenditures 790,417,784 582,767,007 207,650,777 74% Excess revenues over (under) expenditures (435,637,890) (265,953,490) 223,210,431 61% Other financing sources/(uses) Transfer in 241,966,700 195,894,540 (46,072,160) 81% Transfer out (241,966,700) (195,894,540) 46,072,160 81% TIFIA loan proceeds 100,269,200 143,358,088 43,088,888 143% Debt proceeds 103,225,000 96,140,000 (7,085,000) 93% Bond premium - 8,414,006 8,414,006 N/A Total financing sources/(uses)203,494,200 247,912,094 (44,417,894) 122% Net change in fund balances (232,143,690) (18,041,396) 178,792,537 8% Fund balance July 1, 2016 741,082,700 740,421,402 (661,298) 100% Fund balance June 30, 2017 508,939,010$ 722,380,006$ 178,131,239$ 142% QUARTERLY BUDGET TO ACTUAL RIVERSIDE COUNTY TRANSPORTATION COMMISSION 4TH QUARTER FOR TWELVE MONTHS ENDED 6/30/2017 FY 2016/17 BUDGET 4TH QUARTER ACTUAL PERCENT UTILIZATION REMAINING BALANCE ATTACHMENT 2 7 ENTERPRISE FUND TRANSPORTATION DEVELOPMENT ACT AGENCY FUND SB132 FUND TOLL OPERATIONS Revenues Sales tax 3,250,000$ -$ 127,972,163$ 36,614,502$ 973,229$ 83,436,879$ 6,432,644$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 258,679,417$ Federal reimbursements 68,637 - 5,634,740 - - - - - 158,283 - - - - - - 2,776,347 8,638,007 State reimbursements 497,023 3,739,918 3,054,037 - - - - - - - - - - - - - 7,290,978 Local reimbursements 135,335 563,820 8,299,079 - - - - - - - - - - - - - 8,998,234 Transportation Uniform Mitigation Fee - - - - - - - 16,530,337 - - - - - - - - 16,530,337 Toll revenues - - - - - - - - - - - 8,195,904 - - - - 8,195,904 Other revenues (23,623) - 681,507 - - - - 10,200 - - - 1,929,391 - - - - 2,597,475 Investment income 119,852 57,591 1,542,193 321,120 - 663,740 492,076 525,099 25,930 2,580 - 12,078 1,584,322 513,032 77,714 (54,162) 5,883,165 Total revenues 4,047,224 4,361,329 147,183,719 36,935,622 973,229 84,100,619 6,924,720 17,065,636 184,213 2,580 - 10,137,373 1,584,322 513,032 77,714 2,722,185 316,813,517 Expenditures Salaries and benefits 4,457,114 113,151 3,545,655 1,177 - - - 265,670 29,293 54,337 16,877 156,332 - - - - 8,639,606 Professional and support Professional services 2,129,968 405,576 9,257,345 9,056 - - 13,826 811,165 875,126 1,585 4,911 89,601 10,292,000 - - - 23,890,159 Support costs 3,716,707 388,647 743,749 74 - - - 19,416 - 1,267 12 916,476 - - - - 5,786,348 Total Professional and support costs 5,846,675 794,223 10,001,094 9,130 - - 13,826 830,581 875,126 2,852 4,923 1,006,077 10,292,000 - - - 29,676,507 Projects and operations Program operations - general 2,658,307 3,257,106 7,238,622 13,946 - - - 333,199 - 124,377 - 1,893,962 - - - - 15,519,519 Engineering - - 1,106,704 - - - - 2,057,536 - - - .- - - - 3,164,240 Construction (74,625) - 22,270,782 - - - - 2,552,873 - - - - - - - - 24,749,030 Design Build - - 155,175,700 - - - - - - - - - - - - - 155,175,700 Right of way/land - - 31,994,399 - - - - 1,763,230 - 50,787 - - - - - - 33,808,416 Operating and capital disbursements 18,627,776 - 8,643,668 5,835,696 - 67,739,458 2,681,212 - - - - - - - - - 103,527,810 Special studies 211,076 - 2,734 - - - - - - - - - - - - - 213,810 Local streets and roads - - 36,113,419 12,815,076 973,229 - - - - - - - - - - - 49,901,724 Regional arterials - - - 14,080,398 - - - 516,636 - - - - - - - - 14,597,034 Total projects and operations 21,422,534 3,257,106 262,546,028 32,745,116 973,229 67,739,458 2,681,212 7,223,474 - 175,164 - 1,893,962 - - - - 400,657,283 Debt service Principal 17,243 - - - - - - - - - - - 20,000,000 - - 7,300,000 27,317,243 Interest 7,614 - - - - - - - - - - - 73,357 13,199 - 46,017,882 46,112,052 Cost of issuance - - - - - - - - - - - - - 654,006 - - 654,006 Payment to escrow agent - - - - - - - - - - - - - 63,900,000 - - 63,900,000 Total debt service 24,857 - - - - - - - - - - - 20,073,357 64,567,205 - 53,317,882 137,983,301 Capital outlay 95,478 - 5,555,469 - - - - - - - - 159,363 - - - - 5,810,310 Total Expenditures 31,846,658 4,164,480 281,648,246 32,755,423 973,229 67,739,458 2,695,038 8,319,725 904,419 232,353 21,800 3,215,734 30,365,357 64,567,205 - 53,317,882 582,767,007 Excess revenues over (under) expenditures (27,799,434) 196,849 (134,464,527) 4,180,199 - 16,361,161 4,229,682 8,745,911 (720,206) (229,773) (21,800) 6,921,639 (28,781,035) (64,054,173) 77,714 (50,595,697) (265,953,490) Other financing sources/(uses) Transfer in 32,983,082 714,700 84,489,773 - - - - - 159,395 - - 4,265,220 20,000,000 29,515,117 2,525,642 21,241,611 195,894,540 Transfer out - (714,700) (68,941,694) - - (21,627,282) (159,395) - - - - (1,392,216) (16,514,717) (58,765,714) (22,463,634) (5,315,188) (195,894,540) TIFIA loan proceeds - - 143,358,088 - - - - - - - - - - - - - 143,358,088 Debt proceeds - - - - - - - - - - - - 20,000,000 76,140,000 - - 96,140,000 Bond premium - - - - - - - - - - - - - 8,414,006 - - 8,414,006 Total financing sources/(uses)32,983,082 - 158,906,167 - - (21,627,282) (159,395) - 159,395 - - 2,873,004 23,485,283 55,303,409 (19,937,992) 15,926,423 247,912,094 Net change in fund balances 5,183,648 196,849 24,441,640 4,180,199 - (5,266,121) 4,070,287 8,745,911 (560,811) (229,773) (21,800) 9,794,643 (5,295,752) (8,750,764) (19,860,278) (34,669,274) (18,041,396) Fund balance July 1, 2016 10,792,190 8,722,808 201,722,613 42,644,404 556 116,816,853 71,569,302 70,616,683 3,509,978 410,879 - - 42,033,114 72,278,136 20,987,831 78,316,055 740,421,402 Fund balance June 30, 2017 15,975,838$ 8,919,657$ 226,164,253$ 46,824,603$ 556$ 111,550,732$ 75,639,589$ 79,362,594$ 2,949,167$ 181,106$ (21,800)$ 9,794,643$ 36,737,362$ 63,527,372$ 1,127,553$ 43,646,781$ 722,380,006$ RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY BUDGET TO ACTUAL BY FUND 4TH QUARTER FOR TWELVE MONTHS ENDED 6/30/2017 SALES TAX BONDS DEBT SERVICE COMBINED TOTALCOMMERCIAL PAPER STATE TRANSIT ASSISTANCE TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) TOLL REVENUE BONDS COACHELLA VALLEY RAIL CAPITAL PROJECTS FUNDS GENERAL FUND FSP/ SAFE WESTERN COUNTY PALO VERDE VALLEY COACHELLA VALLEY LOCAL TRANSPORTATION FUND MEASURE A SALES TAX SPECIAL REVENUE FUNDS 8 AGENDA ITEM 7B Agenda item 7B RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 28, 2017 TO: Budget and Implementation Committee FROM: Matt Wallace, Procurement Manager THROUGH: Theresia Trevino, Chief Financial Officer SUBJECT: Single Signature Authority Report STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file the Single Signature Authority report for the fourth quarter ended June 30, 2017; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: Certain contracts are executed under single signature authority as permitted in the Commission’s Procurement Policy Manual adopted in September 2015. The Executive Director is authorized to sign services contracts that are less than $150,000 individually and in an aggregate amount not to exceed $1 million in any given fiscal year. Additionally, in accordance with Public Utilities Code Section 130323(c), the Executive Director is authorized to sign contracts for supplies, equipment, materials, and construction of all facilities and works under $50,000 individually. The attached report details all contracts that have been executed for the fourth quarter ended June 30, 2017 under the single signature authority granted to the Executive Director. The unused capacity of single signature authority for services at June 30, 2017, is $166,000. Attachment: Single Signature Authority Report as of June 30, 2017 9 CONSULTANT DESCRIPTION OF SERVICES ORIGINAL CONTRACT AMOUNT PAID AMOUNT REMAINING CONTRACT AMOUNT AMOUNT AVAILABLE July 1, 2016 $1,000,000.00 Smith, Watts & Hartman State Legislative Advocacy Services 18,000.00 18,000.00 0.00 Alvarado Smith Legal Services 16,000.00 14,370.03 1,629.97 S&P Global Ratings Rating evaluation service for indicative rating related to I-15 Express Lanes TIFIA loan and toll revenue bonds 100,000.00 75,000.00 25,000.00 Connected Consulting Public Engagement and Education Strategy Efforts 40,000.00 15,017.00 24,983.00 Exigent Information Technology Support Services 75,000.00 75,000.00 0.00 Revenue & Cost Specialists, LLC Cost allocation plan consultant 18,000.00 6,000.00 12,000.00 Regents of University of CA Customized Staff Training Programs 20,000.00 7,950.00 12,050.00 Kroll Bond Rating Agency Rating agency for I-15 ELP toll-supported debt 85,000.00 35,000.00 50,000.00 Super Sweepers, Inc.Sweeping services for Commuter Rail Station Parking Lots/Structures 150,000.00 6,525.00 143,475.00 Exigent Information Technology Support Services 75,000.00 60,787.32 14,212.68 Mathis Group Management Consulting 100,000.00 0.00 100,000.00 Stantec Consulting Services, Inc.Traffic and Revenue Study SR-91 50,000.00 0.00 50,000.00 Stantec Consulting Services, Inc.Traffic and Revenue Study I-15 87,000.00 0.00 87,000.00 AMOUNT USED 834,000.00 834,000.00 $166,000.00 None N/A $- $- $- Jose Mendoza Theresia Trevino Prepared by Reviewed by AMOUNT USED SINGLE SIGNATURE AUTHORITY AS OF June 30, 2017 Note: Shaded area represents new contracts listed in the fourth quarter. AMOUNT REMAINING through June 30, 2017 Agreements that fall under Public Utilities Code 130323 (C) 10 AGENDA ITEM 7C Agenda Item 7C RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 28, 2017 TO: Budget and Implementation Committee FROM: Megan Kavand, Senior Financial Analyst Michele Cisneros, Deputy Finance Director THROUGH: Theresia Trevino, Chief Financial Officer SUBJECT: Quarterly Investment Report STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file the Quarterly Investment Report for the quarter ended June 30, 2017; and 2) Forward to the Commission for final action. BACKGROUND INFORMATION: For many years and as a result of a low interest rate environment, 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. In connection with the issuance of sales tax revenue bonds and toll revenue bonds and the execution of Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for the State Route 91 Corridor Improvement Project (91 Project), the Commission anticipated the need 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. Accordingly, at its May 2013 meeting, the Commission awarded two investment management services agreements to Logan Circle Partners, L.P. (Logan) for 91 Project funds and to Payden & Rygel Investment Management (Payden & Rygel) for Commission operating funds. Logan invested the 91 Project debt proceeds during the first quarter of FY 2013/14 in the Short-Term Actively Managed Program (STAMP). Payden & Rygel was authorized to make specific investments for the Commission’s operating funds beginning with the third quarter of FY 2014/15. Since June 2015, the Commission funded its annual 91 Project equity contributions approximating $67.8 million; the funds were invested by Logan in a separate STAMP account. As of June 30, 2017, the 91 Project bond proceeds in the STAMP Portfolio Toll Revenue Project 11 Agenda Item 7C Senior Lien Fund and Toll Revenue Project Sales Tax Revenue Fund were expended, consistent with financing expectations. The quarterly investment report for the fourth quarter of FY 2016/17 as required by state law and Commission policy reflects the investment activities resulting from the 91 Project and available operating cash. The quarterly investment report includes the following information: • Investment Portfolio Report; • STAMP Portfolio by Investment Category; • STAMP Portfolio by Account; • STAMP Portfolio Transaction Report by Account; • STAMP Portfolio Summary of investments by credit rating, industry group, asset class, security type, and market sector; • 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; • STAMP Portfolio Toll Revenue Project Capitalized Interest Fund Summary of investments by credit rating, industry group, asset class, security type, and market sector; • STAMP Portfolio Sales Tax Revenue Capitalized Interest Fund Summary of investment by credit rating, industry group, asset class, security type, and market sector; • STAMP Portfolio Sales Tax Equity Fund Summary of investment by credit rating, industry group, asset class, security type, and market sector; • Logan Circle Partners, L.P. Short Duration Second Quarter 2017 Review; • Payden & Rygel Operating Portfolio by Investment Category; • Payden & Rygel Operating Portfolio Transaction Report; • Payden & Rygel Operating Portfolio Second Quarter 2017 Review; and • County of Riverside Investment Report for the Quarter Ended June 30, 2017. The Commission’s investments were in full compliance with the Commission’s investment policy adopted on April 13, 2016, 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) STAMP Portfolio by Investment Category 3) STAMP Portfolio by Account 4) STAMP Portfolio Transaction Report by Account 5) STAMP Portfolio Summary of Investments 6) STAMP Portfolio Toll Revenue Series A & Series B Reserve Fund Summary of Investments 7) STAMP Portfolio Toll Revenue Project Capitalized Interest Fund Summary of Investments 8) STAMP Portfolio Sales Tax Revenue Capitalized Interest Fund Summary of Investments 9) STAMP Portfolio Sales Tax Equity Fund Summary of Investments 10) Payden & Rygel Operating Portfolio by Investment Category 12 Agenda Item 7C 11) Payden & Rygel Operating Portfolio Transaction Report 12) Logan Circle Partners, L.P. Short Duration Quarterly Review 13) Payden & Rygel Operating Portfolio Quarterly Review 14) County of Riverside Investment Report 13 Riverside County Transportation Commission Investment Portfolio Report Period Ended: June 30, 2017 FAIR VALUE RATING MOODYS/FITCH/S&P COUPON RATE PAR VALUE PURCHASE DATE MATURITY DATE YIELD TO MATURITY PURCHASE COST MARKET VALUE UNREALIZED GAIN (LOSS) OPERATING FUNDS City National Bank Deposits 25,226,541 A3/BBB+N/A N/A County Treasurer's Pooled Investment Fund 397,652,662 Aaa-bf/AAA/V1 N/A 1.04% Local Agency Investment Fund (LAIF)3,672,966 Not Rated N/A N/A Subtotal Operating Funds 426,552,168 FUNDS HELD IN TRUST County Treasurer's Pooled Investment Fund: Local Transportation Fund 95,246,553 Aaa-bf/AAA/V1 N/A 1.04% Subtotal Funds Held in Trust 95,246,553 COMMISSION MANAGED PORTFOLIO US Bank Payden & Rygel Operating 50,823,053 First American Government Obligation Fund 33,865,164 Aaa-mf/-/AAAm N/A N/A Subtotal Commission Managed Portfolio 84,688,217 STAMP PORTFOLIO for 91 CIP Toll Revenue Project Senior Lien Fund - Toll Revenue Project Sales Tax Revenue Fund 4 Series A & Series B Reserve Fund 17,827,364 Toll Revenue Project Capitalized Interest Fund 3,569,585 Sales Tax Revenue Capitalized Interest Fund 12,724,843 Sales Tax Revenue Equity Fund 59,931,317 Subtotal STAMP Portfolio 94,053,113 TOTAL All Cash and Investments 700,540,051$ See attached report for details See attached report for details See attached report for details See attached report for details See attached report for details See attached report for details See attached report for details 2.54%2.33% 8.55% 12.09%13.60% 60.89% $- $50,000,000 $100,000,000 $150,000,000 $200,000,000 $250,000,000 $300,000,000 $350,000,000 $400,000,000 $450,000,000 STAMP Portfolio for 91 CIP Reserve STAMP Portfolio for 91 CIP Project Fund STAMP Portfolio for 91 CIP Capitalized Interest STAMP Portfolio for 91 CIP Equity Commission Managed Portfolio Trust Funds Operating Funds Nature of Investments 4.83% Mutual Funds 73.97% County Pool/Cash 0.52% LAIF 19.64% Fixed Income 1.04% Money Market Funds ATTACHMENT 1 14 Page 2 of 28 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 205091001 LC-2013 A Capitalized Interest 313385JS6 Agency FHLBanks Office of Finance 07/28/2017 06/27/2017 400,000.00 399,661.67 ---399,724.00 28.51 0.000 0.900 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 313385JZ0 Agency FHLBanks Office of Finance 08/04/2017 06/27/2017 150,000.00 149,844.29 ---149,863.50 6.59 0.000 0.950 AAA 256350023 LC-Sr Lien Reserve Fund-1 3137EADB2 Agency Federal Home Loan Mortgage Corporation 01/13/2022 ---950,000.00 942,921.50 ---969,940.50 20,296.96 2.375 1.890 AAA 256350023 LC-Sr Lien Reserve Fund-1 3137EADR7 Agency Federal Home Loan Mortgage Corporation 05/01/2020 05/15/2015 475,000.00 471,527.75 ---471,841.25 (1,140.67)1.375 1.616 AAA 256350023 LC-Sr Lien Reserve Fund-1 3135G0D75 Agency Federal National Mortgage Association, Inc.06/22/2020 05/06/2015 600,000.00 593,490.00 ---598,536.00 2,386.67 1.500 1.584 AAA 256350005 LC-Project Fund-Toll 2 313385JH0 Agency FHLBanks Office of Finance 07/19/2017 06/29/2017 1,400,000.00 1,399,261.11 ---1,399,384.00 84.01 0.000 0.846 AAA 256350005 LC-Project Fund-Toll 2 313385JA5 Agency FHLBanks Office of Finance 07/12/2017 06/29/2017 2,000,000.00 1,999,346.66 ---1,999,500.00 98.90 0.000 0.761 AAA 256350005 LC-Project Fund-Toll 2 313385HT6 Agency FHLBanks Office of Finance 07/05/2017 04/18/2017 1,000,000.00 998,212.50 ---999,940.00 31.74 0.000 0.438 AAA 205091001 LC-2013 A Capitalized Interest 31392HWL3 Agency CMO Federal National Mortgage Association, Inc.02/25/2018 07/12/2013 4,778.16 5,043.95 ---4,866.56 52.17 5.000 -2.737 AAA 205091001 LC-2013 A Capitalized Interest 31392F6C6 Agency CMO Federal National Mortgage Association, Inc.12/25/2017 07/09/2013 20,201.06 21,428.90 ---20,299.24 (19.72)5.000 0.791 AAA 205091001 LC-2013 A Capitalized Interest 31393EXC8 Agency CMO Federal National Mortgage Association, Inc.09/25/2018 07/24/2013 65,648.89 69,403.19 ---67,306.52 761.83 4.500 -1.507 AAA 205091001 LC-2013 A Capitalized Interest 31392FPP6 Agency CMO Federal National Mortgage Association, Inc.11/25/2017 07/15/2013 10,025.26 10,617.38 ---10,022.55 (49.60)5.000 3.141 AAA 205091001 LC-2013 A Capitalized Interest 31393V2T7 Agency CMO Federal Home Loan Mortgage Corp.06/15/2018 07/08/2013 122,122.58 129,163.71 ---124,660.29 1,244.29 4.500 -2.636 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 31393EXC8 Agency CMO Federal National Mortgage Association, Inc.09/25/2018 07/24/2013 7,294.32 7,711.47 ---7,478.50 84.65 4.500 -1.507 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 3137ASNH3 Agency CMO Federal Home Loan Mortgage Corp.09/25/2021 08/15/2013 258,081.95 251,307.29 ---256,244.40 1,703.16 1.459 1.786 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 31393V2T7 Agency CMO Federal Home Loan Mortgage Corp.06/15/2018 07/08/2013 37,091.74 39,230.31 ---37,862.51 377.92 4.500 -2.636 AAA 256350023 LC-Sr Lien Reserve Fund-1 31395EZP5 Agency CMO Federal Home Loan Mortgage Corp.08/15/2019 07/09/2013 31,507.05 33,333.47 ---32,224.78 18.95 4.500 0.272 AAA 256350023 LC-Sr Lien Reserve Fund-1 38377RVK8 Agency CMO The Government National Mortgage Association Guarante 04/20/2039 ---131,859.15 135,577.99 ---134,691.49 113.41 3.000 2.155 AAA 256350023 LC-Sr Lien Reserve Fund-1 3137AJMF8 Agency CMO Federal Home Loan Mortgage Corp.10/25/2021 08/05/2015 30,000.00 31,038.28 ---30,999.00 293.25 2.968 2.077 AAA 256350023 LC-Sr Lien Reserve Fund-1 38376GB33 Agency CMO The Government National Mortgage Association Guarante 10/16/2044 01/23/2015 246,360.19 252,880.19 ---248,917.41 (3,006.01)3.500 1.915 AAA 256350023 LC-Sr Lien Reserve Fund-1 3137ASNH3 Agency CMO Federal Home Loan Mortgage Corp.09/25/2021 07/03/2013 258,081.95 252,204.53 ---256,244.40 1,194.94 1.459 1.786 AAA 256350023 LC-Sr Lien Reserve Fund-1 3137ATRW4 Agency CMO Federal Home Loan Mortgage Corp.05/25/2022 12/21/2016 125,000.00 124,804.69 ---125,998.75 1,196.04 2.373 2.171 AAA 256350023 LC-Sr Lien Reserve Fund-1 3137AUPE3 Agency CMO Federal Home Loan Mortgage Corp.06/25/2022 ---379,000.00 366,344.03 ---382,157.07 10,144.63 2.396 2.190 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378BX20 Agency CMO Government National Mortgage Association 06/16/2051 03/17/2015 43,329.52 42,365.75 ---42,341.17 (27.93)1.240 2.436 AAA 256350023 LC-Sr Lien Reserve Fund-1 38377RSZ9 Agency CMO The Government National Mortgage Association Guarante 06/16/2039 01/21/2015 27,509.58 29,154.90 ---28,313.69 (238.83)4.500 1.704 AAA 256350023 LC-Sr Lien Reserve Fund-1 3136A72D3 Agency CMO Federal National Mortgage Association, Inc.04/25/2022 07/03/2013 381,663.86 362,580.66 ---386,041.54 15,638.04 2.482 2.183 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378B7F0 Agency CMO Government National Mortgage Association 12/16/2042 ---450,000.00 427,324.22 ---433,980.00 5,237.27 2.273 2.989 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378CRT6 Agency CMO The Government National Mortgage Association Guarante 10/20/2040 05/22/2014 75,207.25 72,622.00 ---74,695.84 1,587.29 2.000 2.220 AAA 256350023 LC-Sr Lien Reserve Fund-1 38377JZ89 Agency CMO The Government National Mortgage Association Guarante 10/20/2039 07/05/2013 83,357.76 85,907.34 ---86,069.39 936.18 3.500 1.915 AAA 256350023 LC-Sr Lien Reserve Fund-1 31392JJ83 Agency CMO Federal National Mortgage Association, Inc.03/25/2018 07/08/2013 3,634.85 3,834.77 ---3,694.28 30.75 5.000 -1.547 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378TAF7 Agency CMO The Government National Mortgage Association Guarante 07/20/2041 07/05/2013 175,505.85 175,532.31 ---177,710.20 2,329.24 2.500 2.109 AAA 256350023 LC-Sr Lien Reserve Fund-1 38376T5Z1 Agency CMO The Government National Mortgage Association Guarante 01/16/2039 01/26/2015 114,893.84 120,035.34 ---117,611.08 (1,553.12)3.000 2.185 AAA 256350023 LC-Sr Lien Reserve Fund-1 38376WA62 Agency CMO The Government National Mortgage Association Guarante 10/20/2039 01/21/2015 69,517.76 72,985.92 ---73,642.24 423.64 4.000 1.469 AAA 256350023 LC-Sr Lien Reserve Fund-1 38380AZ34 Agency CMO The Government National Mortgage Association Guarante 04/20/2046 11/28/2016 169,396.18 174,140.60 ---173,395.62 (427.71)3.000 2.553 AAA 256350005 LC-Project Fund-Toll 2 3137A85H7 Agency CMO Federal Home Loan Mortgage Corp.12/15/2039 07/13/2015 95,647.31 99,712.32 ---99,058.09 (467.10)3.500 1.983 AAA 256350005 LC-Project Fund-Toll 2 38378BR35 Agency CMO Government National Mortgage Association 11/16/2042 07/10/2015 307,929.42 301,001.01 ---300,166.52 (1,157.02)1.333 2.450 AAA 256350005 LC-Project Fund-Toll 2 3137A1LC5 Agency CMO Federal Home Loan Mortgage Corp.08/15/2020 08/31/2015 45,160.63 45,880.38 ---45,266.31 (335.85)2.000 1.701 AAA 205091001 LC-2013 A Capitalized Interest 3128MBTH0 Agency MBS Federal Home Loan Mortgage Corp.03/01/2019 07/26/2013 25,070.49 26,574.71 ---25,708.78 229.75 5.000 -0.497 AAA 205091001 LC-2013 A Capitalized Interest 31402RBG3 Agency MBS Federal National Mortgage Association, Inc.09/01/2019 ---28,730.38 30,814.61 ---29,389.45 (267.54)6.000 2.271 AAA 205091001 LC-2013 A Capitalized Interest 31402QT68 Agency MBS Federal National Mortgage Association, Inc.10/01/2019 07/11/2013 53,662.80 57,972.59 ---55,085.40 (471.60)6.000 2.116 AAA 205091001 LC-2013 A Capitalized Interest 31410GSQ7 Agency MBS Federal National Mortgage Association, Inc.12/01/2017 07/05/2013 4,277.59 4,593.06 ---4,283.54 (16.17)6.000 2.421 AAA 205091001 LC-2013 A Capitalized Interest 3128H4NR6 Agency MBS Federal Home Loan Mortgage Corp.05/01/2018 07/16/2013 12,375.45 13,110.24 ---12,690.53 168.21 5.000 -2.677 AAA 205091001 LC-2013 A Capitalized Interest 3128PHVS7 Agency MBS Federal Home Loan Mortgage Corp.11/01/2019 07/16/2013 6,424.04 6,769.33 ---6,587.60 84.20 5.000 -2.677 AAA 205091001 LC-2013 A Capitalized Interest 36200AFG9 Agency MBS Government National Mortgage Association 11/15/2017 07/09/2013 1,902.49 2,027.34 ---1,906.29 (9.60)5.500 2.962 AAA 205091001 LC-2013 A Capitalized Interest 31401MWC1 Agency MBS Federal National Mortgage Association, Inc.06/01/2018 07/12/2013 165,574.80 176,544.14 ---169,555.22 2,033.92 4.500 -1.882 AAA 205091001 LC-2013 A Capitalized Interest 3132FEAK7 Agency MBS Federal Home Loan Mortgage Corp.12/01/2017 07/03/2013 13,310.80 14,105.29 ---13,649.69 258.04 5.000 -11.289 AAA 205091001 LC-2013 A Capitalized Interest 36290WH47 Agency MBS Government National Mortgage Association 09/15/2018 07/18/2013 237,802.26 252,664.91 ---240,627.35 (1,001.76)4.500 1.772 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 31402RBG3 Agency MBS Federal National Mortgage Association, Inc.09/01/2019 ---8,401.05 9,011.37 ---8,593.77 (78.50)6.000 2.271 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 31385JLF3 Agency MBS Federal National Mortgage Association, Inc.08/01/2017 09/18/2013 440.75 470.50 ---440.01 (0.74)6.000 2.666 AAA 256350023 LC-Sr Lien Reserve Fund-1 31381PEB0 Agency MBS Federal National Mortgage Association, Inc.11/01/2020 09/26/2014 258,015.11 271,681.85 ---268,508.59 3,175.18 3.370 2.013 AAA 256350023 LC-Sr Lien Reserve Fund-1 31417YKF3 Agency MBS Federal National Mortgage Association, Inc.01/01/2030 07/10/2013 96,713.63 102,032.89 ---103,988.43 2,034.41 4.500 2.339 AAA 256350023 LC-Sr Lien Reserve Fund-1 36202F2H8 Agency MBS Ginnie Mae II 01/20/2027 11/14/2016 210,610.58 218,574.29 ---217,668.14 (739.30)3.000 1.945 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 ---100,411.00 572.94 2.010 1.822 AAA 256350023 LC-Sr Lien Reserve Fund-1 3137B1U75 Agency MBS Federal Home Loan Mortgage Corp.01/25/2023 08/29/2016 380,000.00 394,917.97 ---384,054.60 (8,699.11)2.522 2.267 AAA 256350023 LC-Sr Lien Reserve Fund-1 3136A4M48 Agency MBS Federal National Mortgage Association, Inc.01/25/2022 07/05/2013 277,263.16 278,042.96 ---277,493.29 44.45 2.098 2.011 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378KWU9 Agency MBS The Government National Mortgage Association Guarante 11/16/2041 ---75,559.64 73,785.29 ---72,579.57 (1,329.47)1.400 3.291 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378KXW4 Agency MBS The Government National Mortgage Association Guarante 02/16/2037 12/11/2014 184,102.90 183,211.15 ---180,706.20 (2,588.19)1.705 2.779 AAA 256350023 LC-Sr Lien Reserve Fund-1 31385XBG1 Agency MBS Federal National Mortgage Association, Inc.03/01/2018 09/13/2013 79.49 84.65 ---79.57 (0.29)6.000 2.596 AAA 256350023 LC-Sr Lien Reserve Fund-1 3138EKXL4 Agency MBS Federal National Mortgage Association, Inc.03/01/2023 12/21/2016 283,005.34 279,821.53 ---286,375.93 6,377.12 2.356 2.071 AAA 256350023 LC-Sr Lien Reserve Fund-1 3136AHAE0 Agency MBS Federal National Mortgage Association, Inc.04/25/2023 10/28/2016 214,907.06 219,541.00 ---216,155.67 (2,915.24)2.600 2.413 AAA 256350023 LC-Sr Lien Reserve Fund-1 3138L76A9 Agency MBS Federal National Mortgage Association, Inc.11/01/2021 10/04/2016 125,000.00 129,511.72 ---126,998.75 (1,816.21)2.590 2.157 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378B6A2 Agency MBS Government National Mortgage Association 11/16/2052 01/22/2015 128,072.50 124,035.21 ---123,276.19 (731.23)1.826 2.119 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 ---301,335.00 (5,969.19)2.349 2.228 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378KSL4 Agency MBS The Government National Mortgage Association Guarante 12/16/2046 ---425,000.00 415,829.11 ---407,298.75 (8,809.33)2.798 3.385 AAA 256350023 LC-Sr Lien Reserve Fund-1 31381Q6B7 Agency MBS Federal National Mortgage Association, Inc.06/01/2021 07/15/2016 188,666.55 209,243.00 ---202,652.40 (2,681.17)4.295 2.196 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378KRS0 Agency MBS The Government National Mortgage Association Guarante 07/16/2043 05/08/2015 450,000.00 434,460.94 ---436,563.00 1,100.45 2.389 3.006 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378XP62 Agency MBS The Government National Mortgage Association Guarante 05/16/2055 05/14/2015 370,075.03 374,643.14 ---365,734.05 (8,515.36)2.500 2.754 AAA 256350023 LC-Sr Lien Reserve Fund-1 38379KDN5 Agency MBS Government National Mortgage Association 09/16/2055 08/05/2015 177,323.55 172,793.48 ---171,170.42 (2,116.14)2.107 3.194 AAA 256350023 LC-Sr Lien Reserve Fund-1 31381T4E7 Agency MBS Federal National Mortgage Association, Inc.03/01/2022 10/25/2016 271,061.16 283,205.98 ---277,192.56 (4,521.37)2.670 2.104 AAA 256350023 LC-Sr Lien Reserve Fund-1 3138EJPZ5 Agency MBS Federal National Mortgage Association, Inc.07/01/2022 08/29/2016 310,556.60 329,857.21 ---318,926.10 (7,478.05)2.973 2.225 AAA STAMP Portfolio by Investment Category for quarter ended June 30, 2017 ATTACHMENT 2 15 Page 3 of 28 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating STAMP Portfolio by Investment Category for quarter ended June 30, 2017 256350005 LC-Project Fund-Toll 2 36225EUY6 Agency MBS Ginnie Mae II 09/20/2039 09/17/2015 67,400.30 69,317.00 ---69,720.89 547.24 2.125 1.525 AAA 256350005 LC-Project Fund-Toll 2 38378NNA7 Agency MBS The Government National Mortgage Association Guarante 05/16/2038 06/26/2015 410,171.96 412,975.87 ---409,261.38 (3,428.17)2.250 2.342 AAA 256350005 LC-Project Fund-Toll 2 3138ELY64 Agency MBS Federal National Mortgage Association, Inc.02/01/2023 07/07/2016 170,661.56 187,674.38 ---183,056.71 (1,889.42)6.000 1.394 AAA 256350005 LC-Project Fund-Toll 2 02582JGG9 Asset Backed American Express Credit Account Master Trust 05/17/2021 02/26/2016 300,000.00 300,468.75 ---301,221.00 (133.09)1.579 1.335 AAA 256350005 LC-Project Fund-Toll 2 477877AD6 Asset Backed John Deere Owner Trust 2014-B 11/15/2018 ---94,972.21 94,965.53 ---94,880.09 (89.26)1.070 1.416 AAA 256350005 LC-Project Fund-Toll 2 161571GQ1 Asset Backed Chase Issuance Trust 11/15/2019 10/28/2015 120,000.00 120,510.94 ---120,009.60 (84.71)1.380 1.362 AAA 256350005 LC-Project Fund-Toll 2 43814KAC5 Asset Backed Honda Auto Receivables 2015-1 Owner Trust 10/15/2018 06/02/2016 215,498.29 215,531.96 ---215,304.34 (206.60)1.050 1.337 AAA 256350005 LC-Project Fund-Toll 2 36159LCR5 Asset Backed GE Dealer Floorplan Master Not 01/20/2020 06/07/2016 110,000.00 109,759.38 ---110,196.90 66.39 1.712 1.429 AAA 256350005 LC-Project Fund-Toll 2 47787UAD5 Asset Backed John Deere Owner Trust 2015 06/17/2019 ---400,485.14 401,032.29 ---400,340.96 (305.32)1.320 1.432 AAA 256350005 LC-Project Fund-Toll 2 55315GAC2 Asset Backed MMAF Equipment Finance LLC 2015-A 10/16/2019 ---162,359.82 161,830.68 ---162,177.98 (35.56)1.390 1.622 AAA 256350005 LC-Project Fund-Toll 2 05581QAD0 Asset Backed BMW Vehicle Lease Trust 2015-2 02/20/2019 06/05/2017 84,612.27 84,625.49 ---84,619.04 (6.30)1.400 1.373 AAA 256350005 LC-Project Fund-Toll 2 58769AAD8 Asset Backed Mercedes-Benz Auto Lease Trust 2015-B 07/16/2018 ---475,627.26 476,346.04 ---475,536.89 (230.86)1.340 1.439 AAA 256350005 LC-Project Fund-Toll 2 58768FAB2 Asset Backed Mercedes-Benz Auto Lease Trust 2016-A 07/16/2018 06/05/2017 338,177.55 338,190.77 ---338,157.26 (33.29)1.340 1.383 AAA 256350005 LC-Project Fund-Toll 2 55315FAB6 Asset Backed Mmaf Equipment Finance Llc 2016-A 12/17/2018 05/03/2016 194,323.47 194,321.24 ---194,300.15 (22.64)1.390 1.426 AAA 256350005 LC-Project Fund-Toll 2 161571HB3 Asset Backed Chase Issuance Trust 05/17/2021 06/07/2016 500,000.00 500,878.91 ---502,690.00 516.21 1.569 1.352 AAA 256350005 LC-Project Fund-Toll 2 65478QAD0 Asset Backed Nissan Auto Lease Trust 2016-A 03/15/2019 05/17/2016 155,000.00 154,992.99 ---154,914.75 (82.20)1.490 1.562 AAA 256350005 LC-Project Fund-Toll 2 05582XAD4 Asset Backed Bmw Vehicle Lease Trust 2016-2 09/20/2019 10/04/2016 545,000.00 544,927.95 ---543,501.25 (1,454.56)1.430 1.680 AAA 256350005 LC-Project Fund-Toll 2 58768MAD3 Asset Backed Mercedes-Benz Auto Lease Trust 2016-B 06/15/2022 10/18/2016 190,000.00 189,983.00 ---189,521.20 (467.05)1.520 1.697 AAA 256350005 LC-Project Fund-Toll 2 62888YAA0 CMO NCUA Guaranteed Notes Trust 2011-R1 01/08/2020 07/14/2015 158,679.08 159,447.69 ---158,853.63 (257.73)1.442 1.620 AAA 256350005 LC-Project Fund-Toll 2 89233GU79 CP Toyota Motor Credit Corporation 07/07/2017 06/19/2017 975,000.00 974,473.50 ---974,863.50 39.00 0.000 0.842 AAA 256350005 LC-Project Fund-Toll 2 63873JUX6 CP Natixis 07/31/2017 06/27/2017 1,200,000.00 1,198,658.00 ---1,198,848.00 68.00 0.000 1.156 AAA 256350005 LC-Project Fund-Toll 2 06538BU68 CP The Bank of Tokyo-Mitsubishi UFJ, Ltd.07/06/2017 06/15/2017 1,500,000.00 1,498,976.25 ---1,499,850.00 93.75 0.000 0.721 AAA 256350005 LC-Project Fund-Toll 2 14912DU31 CP Caterpillar Financial Services Corporation 07/03/2017 06/22/2017 1,200,000.00 1,199,574.67 ---1,200,000.00 77.33 0.000 0.000 AA 256350005 LC-Project Fund-Toll 2 02360RUA6 CP Ameren Corporation 07/10/2017 06/06/2017 1,000,000.00 998,819.44 ---999,760.00 72.50 0.000 0.962 AA 256350005 LC-Project Fund-Toll 2 43357LU59 CP Hitachi Capital America Corp.07/05/2017 06/06/2017 1,000,000.00 998,968.89 ---999,930.00 72.22 0.000 0.631 AA 256350005 LC-Project Fund-Toll 2 30229AU56 CP EXXON MOBIL CORP 07/05/2017 06/22/2017 1,200,000.00 1,199,572.00 ---1,199,916.00 58.67 0.000 0.631 AAA 256350005 LC-Project Fund-Toll 2 22533TU38 CP Credit Agricole Corporate and Investment Bank 07/03/2017 06/07/2017 1,500,000.00 1,498,950.00 ---1,500,000.00 87.50 0.000 0.000 AAA 256350005 LC-Project Fund-Toll 2 92780JUQ2 CP Virginia Electric and Power Company 07/24/2017 06/26/2017 850,000.00 849,133.00 ---849,388.00 126.56 0.000 1.131 AAA 256350005 LC-Project Fund-Toll 2 34108AU54 CP Florida Power & Light Company 07/05/2017 06/15/2017 1,500,000.00 1,499,041.67 ---1,499,895.00 86.67 0.000 0.631 AAA 256350005 LC-Project Fund-Toll 2 09659BUJ7 CP BNP Paribas 07/18/2017 06/19/2017 1,200,000.00 1,198,859.33 ---1,199,376.00 44.67 0.000 1.105 AAA 256350005 LC-Project Fund-Toll 2 63743CUC5 CP National Rural Utilities Cooperative Finance Corporation 07/12/2017 06/19/2017 1,200,000.00 1,199,156.66 ---1,199,628.00 31.34 0.000 1.017 AAA 256350005 LC-Project Fund-Toll 2 61979JU54 CP Motiva Enterprises LLC 07/05/2017 06/26/2017 1,200,000.00 1,199,586.00 ---1,199,916.00 100.00 0.000 0.631 AA 256350005 LC-Project Fund-Toll 2 04056AU34 CP Arizona Public Service Company 07/03/2017 06/30/2017 1,200,000.00 1,199,879.00 ---1,200,000.00 80.67 0.000 0.000 AAA 256350005 LC-Project Fund-Toll 2 02361KU51 CP Ameren Illinois Company 07/05/2017 06/30/2017 450,000.00 449,915.00 ---449,968.50 36.50 0.000 0.631 AA 256350005 LC-Project Fund-Toll 2 74433GUD6 CP Prudential Funding LLC 07/13/2017 06/29/2017 1,200,000.00 1,199,523.33 ---1,199,592.00 32.00 0.000 1.023 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 38144LAB6 Corporate The Goldman Sachs Group, Inc.09/01/2017 07/03/2013 300,000.00 322,515.00 ---302,220.00 1,232.11 6.250 1.831 A 256350022 LC-Sr Lien Ob Fund-1 Interest 02580ECC5 Corporate American Express Bank, FSB 09/13/2017 07/08/2013 250,000.00 287,890.00 ---252,042.50 142.37 6.000 1.921 A 256350022 LC-Sr Lien Ob Fund-1 Interest 48121CYK6 Corporate JPMorgan Chase Bank, National Association 10/01/2017 07/03/2013 300,000.00 341,424.00 ---303,075.00 494.07 6.000 1.897 A 256350022 LC-Sr Lien Ob Fund-1 Interest 78011DAC8 Corporate Royal Bank of Canada 09/19/2017 05/21/2015 700,000.00 700,763.00 ---699,720.00 (352.79)1.200 1.378 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 05565QCC0 Corporate BP Capital Markets P.L.C.11/06/2017 07/03/2013 300,000.00 292,194.00 ---299,931.00 582.81 1.375 1.438 A 256350005 LC-Project Fund-Toll 2 48121CYK6 Corporate JPMorgan Chase Bank, National Association 10/01/2017 03/09/2016 250,000.00 265,022.50 ---252,562.50 95.46 6.000 1.897 A 256350005 LC-Project Fund-Toll 2 202795HU7 Corporate Commonwealth Edison Company 03/15/2018 08/05/2016 255,000.00 273,819.00 ---262,236.90 (1,126.58)5.800 1.747 A 256350005 LC-Project Fund-Toll 2 26442CAD6 Corporate Duke Energy Carolinas, LLC 04/15/2018 06/11/2015 116,000.00 127,422.52 ---119,127.36 (107.67)5.100 1.655 AA 256350005 LC-Project Fund-Toll 2 209111ET6 Corporate Consolidated Edison Company of New York, Inc.04/01/2018 06/22/2015 220,000.00 245,828.00 ---226,921.20 (196.39)5.850 1.624 A 256350005 LC-Project Fund-Toll 2 89837LAA3 Corporate The Trustees of Princeton University 03/01/2019 ---255,000.00 281,113.75 ---268,696.05 236.67 4.950 1.673 AAA 256350005 LC-Project Fund-Toll 2 59217GAY5 Corporate Metropolitan Life Global Funding I 01/10/2018 ---550,000.00 550,406.00 ---549,857.00 (322.23)1.500 1.549 AA 256350005 LC-Project Fund-Toll 2 46625HJF8 Corporate JPMorgan Chase & Co.01/25/2018 08/03/2016 265,000.00 266,831.15 ---266,380.65 668.73 2.056 1.279 A 256350005 LC-Project Fund-Toll 2 31677QAV1 Corporate Fifth Third Bank 02/28/2018 06/08/2016 400,000.00 400,544.00 01/28/2018 399,448.00 (747.24)1.450 1.660 A 256350005 LC-Project Fund-Toll 2 55279HAA8 Corporate Manufacturers and Traders Trust Company 03/07/2018 06/06/2016 400,000.00 400,012.00 02/05/2018 399,880.00 (125.31)1.450 1.493 A 256350005 LC-Project Fund-Toll 2 05531FAP8 Corporate BB&T Corporation 06/15/2018 ---380,000.00 381,823.60 05/15/2018 382,299.00 1,478.98 2.106 1.465 A 256350005 LC-Project Fund-Toll 2 55279HAH3 Corporate Manufacturers and Traders Trust Company 07/25/2017 ---550,000.00 549,163.10 ---550,066.00 97.91 1.456 1.280 A 256350005 LC-Project Fund-Toll 2 74153WCE7 Corporate Pricoa Global Funding I 08/18/2017 ---500,000.00 499,977.00 ---499,890.00 (140.58)1.350 1.508 AA 256350005 LC-Project Fund-Toll 2 89352HAP4 Corporate TransCanada PipeLines Limited 01/12/2018 02/03/2016 150,000.00 146,716.50 ---150,423.00 1,333.79 1.946 1.557 A 256350005 LC-Project Fund-Toll 2 46623EKD0 Corporate JPMorgan Chase & Co.03/01/2018 ---730,000.00 729,894.80 02/01/2018 730,255.50 210.28 1.700 1.639 A 256350005 LC-Project Fund-Toll 2 06050TLY6 Corporate Bank of America, National Association 03/26/2018 06/10/2015 300,000.00 298,968.00 ---300,198.00 475.35 1.650 1.559 A 256350005 LC-Project Fund-Toll 2 74256LAT6 Corporate Principal Life Global Funding II 12/01/2017 08/22/2016 360,000.00 361,533.60 ---360,597.60 90.82 1.702 1.383 A 256350005 LC-Project Fund-Toll 2 865622CB8 Corporate Sumitomo Mitsui Banking Corporation 01/18/2019 01/13/2016 250,000.00 250,000.00 ---252,067.50 2,067.50 2.098 1.699 A 256350005 LC-Project Fund-Toll 2 89114QBF4 Corporate The Toronto-Dominion Bank 01/22/2019 ---525,000.00 528,126.80 ---529,887.75 3,029.28 1.993 1.538 AA 256350005 LC-Project Fund-Toll 2 94988J5B9 Corporate Wells Fargo Bank, National Association 01/22/2018 ---500,000.00 501,314.25 ---501,810.00 1,346.83 1.893 1.393 AA 256350005 LC-Project Fund-Toll 2 037833BR0 Corporate Apple Inc.02/22/2019 ---450,000.00 454,432.50 ---455,679.00 2,988.16 2.006 1.346 AA 256350005 LC-Project Fund-Toll 2 94988J5E3 Corporate Wells Fargo Bank, National Association 05/24/2019 08/03/2016 255,000.00 255,731.85 ---257,129.25 1,628.58 1.792 1.451 AA 256350005 LC-Project Fund-Toll 2 17325FAD0 Corporate Citibank N.A 06/12/2020 06/06/2017 260,000.00 260,000.00 ---260,663.00 663.00 1.728 1.704 A 256350005 LC-Project Fund-Toll 2 CCYUSD Currency UNITED STATES OF AMERICA 06/30/2017 ---0.00 0.00 ---0.00 0.00 0.000 0.000 AAA 256350005 LC-Project Fund-Toll 2 62944BBC7 Non-US Gov N.V. Bank Nederlandse Gemeenten 07/14/2017 ---575,000.00 574,335.00 ---574,994.25 11.21 1.228 1.251 AAA 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 MM Fund U.S. Bank Money Market Account Fund 06/30/2017 06/26/2017 0.00 30,024.48 ---30,024.48 0.00 0.000 0.000 NA 256350022 LC-Sr Lien Ob Fund-1 Interest 9AMMF05B2 MM Fund U.S. Bank Money Market Account Fund 06/30/2017 ---0.00 28,867.11 ---28,867.11 0.00 0.000 0.000 NA 256350023 LC-Sr Lien Reserve Fund-1 9AMMF05B2 MM Fund U.S. Bank Money Market Account Fund 06/30/2017 ---0.00 905,724.17 ---905,724.17 0.00 0.000 0.000 NA 256350005 LC-Project Fund-Toll 2 9AMMF05B2 MM Fund U.S. Bank Money Market Account Fund 06/30/2017 06/30/2017 0.00 203,265.45 ---203,265.45 0.00 0.000 0.000 NA 256350004 LC-PF-2 Sales Tax Revenue Bond 9AMMF05B2 MM Fund U.S. Bank Money Market Account Fund 06/30/2017 ---0.00 3.57 ---3.57 0.00 0.000 0.000 NA 205091001 LC-2013 A Capitalized Interest 64966H4E7 Muni New York, City of 10/01/2017 07/12/2013 1,170,000.00 1,238,222.70 ---1,176,130.80 1,923.14 3.140 1.053 AA 16 Page 4 of 28 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating STAMP Portfolio by Investment Category for quarter ended June 30, 2017 256350005 LC-Project Fund-Toll 2 65819WAC7 Muni North Carolina Eastern Municipal Power Agency 07/01/2018 ---190,000.00 190,625.40 ---190,665.00 414.80 2.003 1.650 A 256350005 LC-Project Fund-Toll 2 955116AZ1 Muni West Palm Beach, City of 10/01/2017 06/09/2016 230,000.00 229,857.40 ---229,986.20 15.44 1.100 1.121 AA 256350023 LC-Sr Lien Reserve Fund-1 912828SA9 TIPS Treasury, United States Department of 01/15/2022 06/13/2017 270,065.00 271,328.93 ---269,659.90 (1,656.09)0.125 0.158 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828K33 TIPS Treasury, United States Department of 04/15/2020 02/13/2017 120,068.05 122,040.66 ---120,252.95 (1,555.43)0.125 0.070 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828V49 TIPS Treasury, United States Department of 01/15/2027 06/13/2017 227,738.25 225,872.65 ---223,670.84 (2,209.73)0.375 0.567 AAA 256350005 LC-Project Fund-Toll 2 912828K33 TIPS Treasury, United States Department of 04/15/2020 06/02/2016 991,866.50 1,004,285.36 ---993,393.97 (7,434.86)0.125 0.070 AAA 205091001 LC-2013 A Capitalized Interest 912828NW6 US Gov Treasury, United States Department of 08/31/2017 05/22/2017 1,200,000.00 1,203,046.88 ---1,201,728.00 (130.60)1.875 1.013 AAA 205091001 LC-2013 A Capitalized Interest 912828PF1 US Gov Treasury, United States Department of 10/31/2017 05/22/2017 1,000,000.00 1,003,750.00 ---1,002,510.00 (331.61)1.875 1.118 AAA 205091001 LC-2013 A Capitalized Interest 912828UA6 US Gov Treasury, United States Department of 11/30/2017 07/05/2013 1,750,000.00 1,700,507.81 ---1,746,395.00 1,188.03 0.625 1.120 AAA 205091001 LC-2013 A Capitalized Interest 912828UZ1 US Gov Treasury, United States Department of 04/30/2018 06/03/2015 2,100,000.00 2,075,554.69 ---2,088,849.00 (4,081.87)0.625 1.267 AAA 205091001 LC-2013 A Capitalized Interest 912828D98 US Gov Treasury, United States Department of 09/15/2017 05/22/2017 1,500,000.00 1,500,175.78 ---1,499,775.00 (341.17)1.000 1.069 AAA 205091001 LC-2013 A Capitalized Interest 912828J84 US Gov Treasury, United States Department of 03/31/2020 06/03/2015 2,000,000.00 1,973,390.62 ---1,992,580.00 8,018.03 1.375 1.513 AAA 205091001 LC-2013 A Capitalized Interest 912828M23 US Gov Treasury, United States Department of 10/31/2017 12/28/2015 800,000.00 798,262.41 ---800,488.00 793.82 1.171 1.013 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 912828NW6 US Gov Treasury, United States Department of 08/31/2017 05/22/2017 350,000.00 350,888.67 ---350,504.00 (38.09)1.875 1.013 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 912828UA6 US Gov Treasury, United States Department of 11/30/2017 07/05/2013 200,000.00 194,343.75 ---199,588.00 135.78 0.625 1.120 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 912828UZ1 US Gov Treasury, United States Department of 04/30/2018 07/14/2015 200,000.00 198,187.50 ---198,938.00 (517.71)0.625 1.267 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 912828D98 US Gov Treasury, United States Department of 09/15/2017 05/22/2017 275,000.00 275,032.23 ---274,958.75 (62.55)1.000 1.069 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 912828J84 US Gov Treasury, United States Department of 03/31/2020 06/17/2015 200,000.00 197,023.44 ---199,258.00 996.36 1.375 1.513 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828UF5 US Gov Treasury, United States Department of 12/31/2019 11/16/2015 75,000.00 73,839.84 ---74,382.00 93.69 1.125 1.462 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828VA5 US Gov Treasury, United States Department of 04/30/2020 02/28/2017 160,000.00 158,131.25 ---158,236.80 (88.50)1.125 1.524 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828VV9 US Gov Treasury, United States Department of 08/31/2020 ---235,000.00 241,525.78 ---238,781.15 (745.36)2.125 1.602 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828B58 US Gov Treasury, United States Department of 01/31/2021 ---1,640,000.00 1,677,556.65 ---1,665,239.60 (794.39)2.125 1.681 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 ---1,357,438.50 (11,141.85)2.250 2.169 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 ---1,192,452.00 (32,841.52)2.125 2.212 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828L57 US Gov Treasury, United States Department of 09/30/2022 05/05/2017 850,000.00 840,968.75 ---842,333.00 1,127.11 1.750 1.931 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828L99 US Gov Treasury, United States Department of 10/31/2020 05/05/2017 1,100,000.00 1,090,289.06 ---1,090,980.00 290.87 1.375 1.628 AAA 256350005 LC-Project Fund-Toll 2 912828QQ6 US Gov Treasury, United States Department of 05/31/2018 04/18/2017 3,235,000.00 3,281,250.39 ---3,266,088.35 (7,099.76)2.375 1.318 AAA 256350005 LC-Project Fund-Toll 2 912828TG5 US Gov Treasury, United States Department of 07/31/2017 ---1,600,000.00 1,592,193.36 ---1,599,536.00 (6.21)0.500 0.837 AAA 256350005 LC-Project Fund-Toll 2 912828TM2 US Gov Treasury, United States Department of 08/31/2017 04/20/2017 2,500,000.00 2,497,656.25 ---2,498,450.00 (466.90)0.625 0.992 AAA 256350005 LC-Project Fund-Toll 2 912828UA6 US Gov Treasury, United States Department of 11/30/2017 ---3,465,000.00 3,454,861.14 ---3,457,862.10 (4,684.34)0.625 1.120 AAA 256350005 LC-Project Fund-Toll 2 912828UR9 US Gov Treasury, United States Department of 02/28/2018 ---2,750,000.00 2,747,428.71 ---2,741,612.50 (7,280.09)0.750 1.209 AAA 256350005 LC-Project Fund-Toll 2 912828VK3 US Gov Treasury, United States Department of 06/30/2018 ---2,475,000.00 2,500,920.91 ---2,477,128.50 (9,479.88)1.375 1.288 AAA 256350005 LC-Project Fund-Toll 2 912828WT3 US Gov Treasury, United States Department of 07/15/2017 ---3,300,000.00 3,300,281.26 ---3,300,000.00 (20.27)0.875 0.872 AAA 256350005 LC-Project Fund-Toll 2 912828D49 US Gov Treasury, United States Department of 08/15/2017 04/20/2017 2,500,000.00 2,500,195.31 ---2,499,750.00 (325.77)0.875 0.951 AAA 92,752,498.00 94,299,450.81 94,053,114.27 (55,871.34) 17 Page 5 of 28 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating 205091001 LC-2013 A Capitalized Interest 313385JS6 Agency FHLBanks Office of Finance 07/28/2017 06/27/2017 400,000.00 399,661.67 ---399,724.00 28.51 0.000 0.900 AAA 205091001 LC-2013 A Capitalized Interest 31392HWL3 Agency CMO Federal National Mortgage Association, Inc.02/25/2018 07/12/2013 4,778.16 5,043.95 ---4,866.56 52.17 5.000 -2.737 AAA 205091001 LC-2013 A Capitalized Interest 31392F6C6 Agency CMO Federal National Mortgage Association, Inc.12/25/2017 07/09/2013 20,201.06 21,428.90 ---20,299.24 (19.72) 5.000 0.791 AAA 205091001 LC-2013 A Capitalized Interest 31393EXC8 Agency CMO Federal National Mortgage Association, Inc.09/25/2018 07/24/2013 65,648.89 69,403.19 ---67,306.52 761.83 4.500 -1.507 AAA 205091001 LC-2013 A Capitalized Interest 31392FPP6 Agency CMO Federal National Mortgage Association, Inc.11/25/2017 07/15/2013 10,025.26 10,617.38 ---10,022.55 (49.60) 5.000 3.141 AAA 205091001 LC-2013 A Capitalized Interest 31393V2T7 Agency CMO Federal Home Loan Mortgage Corp.06/15/2018 07/08/2013 122,122.58 129,163.71 ---124,660.29 1,244.29 4.500 -2.636 AAA 205091001 LC-2013 A Capitalized Interest 3128MBTH0 Agency MBS Federal Home Loan Mortgage Corp.03/01/2019 07/26/2013 25,070.49 26,574.71 ---25,708.78 229.75 5.000 -0.497 AAA 205091001 LC-2013 A Capitalized Interest 31402RBG3 Agency MBS Federal National Mortgage Association, Inc.09/01/2019 ---28,730.38 30,814.61 ---29,389.45 (267.54) 6.000 2.271 AAA 205091001 LC-2013 A Capitalized Interest 31402QT68 Agency MBS Federal National Mortgage Association, Inc.10/01/2019 07/11/2013 53,662.80 57,972.59 ---55,085.40 (471.60) 6.000 2.116 AAA 205091001 LC-2013 A Capitalized Interest 31410GSQ7 Agency MBS Federal National Mortgage Association, Inc.12/01/2017 07/05/2013 4,277.59 4,593.06 ---4,283.54 (16.17) 6.000 2.421 AAA 205091001 LC-2013 A Capitalized Interest 3128H4NR6 Agency MBS Federal Home Loan Mortgage Corp.05/01/2018 07/16/2013 12,375.45 13,110.24 ---12,690.53 168.21 5.000 -2.677 AAA 205091001 LC-2013 A Capitalized Interest 3128PHVS7 Agency MBS Federal Home Loan Mortgage Corp.11/01/2019 07/16/2013 6,424.04 6,769.33 ---6,587.60 84.20 5.000 -2.677 AAA 205091001 LC-2013 A Capitalized Interest 36200AFG9 Agency MBS Government National Mortgage Association 11/15/2017 07/09/2013 1,902.49 2,027.34 ---1,906.29 (9.60) 5.500 2.962 AAA 205091001 LC-2013 A Capitalized Interest 31401MWC1 Agency MBS Federal National Mortgage Association, Inc.06/01/2018 07/12/2013 165,574.80 176,544.14 ---169,555.22 2,033.92 4.500 -1.882 AAA 205091001 LC-2013 A Capitalized Interest 3132FEAK7 Agency MBS Federal Home Loan Mortgage Corp.12/01/2017 07/03/2013 13,310.80 14,105.29 ---13,649.69 258.04 5.000 -11.289 AAA 205091001 LC-2013 A Capitalized Interest 36290WH47 Agency MBS Government National Mortgage Association 09/15/2018 07/18/2013 237,802.26 252,664.91 ---240,627.35 (1,001.76) 4.500 1.772 AAA 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 MM Fund U.S. Bank Money Market Account Fund 06/30/2017 06/26/2017 0.00 30,024.48 ---30,024.48 - 0.000 0.000 NA 205091001 LC-2013 A Capitalized Interest 64966H4E7 Muni New York, City of 10/01/2017 07/12/2013 1,170,000.00 1,238,222.70 ---1,176,130.80 1,923.14 3.140 1.053 AA 205091001 LC-2013 A Capitalized Interest 912828NW6 US Gov Treasury, United States Department of 08/31/2017 05/22/2017 1,200,000.00 1,203,046.88 ---1,201,728.00 (130.60) 1.875 1.013 AAA 205091001 LC-2013 A Capitalized Interest 912828PF1 US Gov Treasury, United States Department of 10/31/2017 05/22/2017 1,000,000.00 1,003,750.00 ---1,002,510.00 (331.61) 1.875 1.118 AAA 205091001 LC-2013 A Capitalized Interest 912828UA6 US Gov Treasury, United States Department of 11/30/2017 07/05/2013 1,750,000.00 1,700,507.81 ---1,746,395.00 1,188.03 0.625 1.120 AAA 205091001 LC-2013 A Capitalized Interest 912828UZ1 US Gov Treasury, United States Department of 04/30/2018 06/03/2015 2,100,000.00 2,075,554.69 ---2,088,849.00 (4,081.87) 0.625 1.267 AAA 205091001 LC-2013 A Capitalized Interest 912828D98 US Gov Treasury, United States Department of 09/15/2017 05/22/2017 1,500,000.00 1,500,175.78 ---1,499,775.00 (341.17) 1.000 1.069 AAA 205091001 LC-2013 A Capitalized Interest 912828J84 US Gov Treasury, United States Department of 03/31/2020 06/03/2015 2,000,000.00 1,973,390.62 ---1,992,580.00 8,018.03 1.375 1.513 AAA 205091001 LC-2013 A Capitalized Interest 912828M23 US Gov Treasury, United States Department of 10/31/2017 12/28/2015 800,000.00 798,262.41 ---800,488.00 793.82 1.171 1.013 AAA 12,724,843.29 256350005 LC-Project Fund-Toll 2 313385JH0 Agency FHLBanks Office of Finance 07/19/2017 06/29/2017 1,400,000.00 1,399,261.11 ---1,399,384.00 84.01 0.000 0.846 AAA 256350005 LC-Project Fund-Toll 2 313385JA5 Agency FHLBanks Office of Finance 07/12/2017 06/29/2017 2,000,000.00 1,999,346.66 ---1,999,500.00 98.90 0.000 0.761 AAA 256350005 LC-Project Fund-Toll 2 313385HT6 Agency FHLBanks Office of Finance 07/05/2017 04/18/2017 1,000,000.00 998,212.50 ---999,940.00 31.74 0.000 0.438 AAA 256350005 LC-Project Fund-Toll 2 3137A85H7 Agency CMO Federal Home Loan Mortgage Corp.12/15/2039 07/13/2015 95,647.31 99,712.32 ---99,058.09 (467.10) 3.500 1.983 AAA 256350005 LC-Project Fund-Toll 2 38378BR35 Agency CMO Government National Mortgage Association 11/16/2042 07/10/2015 307,929.42 301,001.01 ---300,166.52 (1,157.02) 1.333 2.450 AAA 256350005 LC-Project Fund-Toll 2 3137A1LC5 Agency CMO Federal Home Loan Mortgage Corp.08/15/2020 08/31/2015 45,160.63 45,880.38 ---45,266.31 (335.85) 2.000 1.701 AAA 256350005 LC-Project Fund-Toll 2 36225EUY6 Agency MBS Ginnie Mae II 09/20/2039 09/17/2015 67,400.30 69,317.00 ---69,720.89 547.24 2.125 1.525 AAA 256350005 LC-Project Fund-Toll 2 38378NNA7 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-T 05/16/2038 06/26/2015 410,171.96 412,975.87 ---409,261.38 (3,428.17) 2.250 2.342 AAA 256350005 LC-Project Fund-Toll 2 3138ELY64 Agency MBS Federal National Mortgage Association, Inc.02/01/2023 07/07/2016 170,661.56 187,674.38 ---183,056.71 (1,889.42) 6.000 1.394 AAA 256350005 LC-Project Fund-Toll 2 02582JGG9 Asset Backed American Express Credit Account Master Trust 05/17/2021 02/26/2016 300,000.00 300,468.75 ---301,221.00 (133.09) 1.579 1.335 AAA 256350005 LC-Project Fund-Toll 2 477877AD6 Asset Backed John Deere Owner Trust 2014-B 11/15/2018 ---94,972.21 94,965.53 ---94,880.09 (89.26) 1.070 1.416 AAA 256350005 LC-Project Fund-Toll 2 161571GQ1 Asset Backed Chase Issuance Trust 11/15/2019 10/28/2015 120,000.00 120,510.94 ---120,009.60 (84.71) 1.380 1.362 AAA 256350005 LC-Project Fund-Toll 2 43814KAC5 Asset Backed Honda Auto Receivables 2015-1 Owner Trust 10/15/2018 06/02/2016 215,498.29 215,531.96 ---215,304.34 (206.60) 1.050 1.337 AAA 256350005 LC-Project Fund-Toll 2 36159LCR5 Asset Backed GE Dealer Floorplan Master Not 01/20/2020 06/07/2016 110,000.00 109,759.38 ---110,196.90 66.39 1.712 1.429 AAA 256350005 LC-Project Fund-Toll 2 47787UAD5 Asset Backed John Deere Owner Trust 2015 06/17/2019 ---400,485.14 401,032.29 ---400,340.96 (305.32) 1.320 1.432 AAA 256350005 LC-Project Fund-Toll 2 55315GAC2 Asset Backed MMAF Equipment Finance LLC 2015-A 10/16/2019 ---162,359.82 161,830.68 ---162,177.98 (35.56) 1.390 1.622 AAA 256350005 LC-Project Fund-Toll 2 05581QAD0 Asset Backed BMW Vehicle Lease Trust 2015-2 02/20/2019 06/05/2017 84,612.27 84,625.49 ---84,619.04 (6.30) 1.400 1.373 AAA 256350005 LC-Project Fund-Toll 2 58769AAD8 Asset Backed Mercedes-Benz Auto Lease Trust 2015-B 07/16/2018 ---475,627.26 476,346.04 ---475,536.89 (230.86) 1.340 1.439 AAA 256350005 LC-Project Fund-Toll 2 58768FAB2 Asset Backed Mercedes-Benz Auto Lease Trust 2016-A 07/16/2018 06/05/2017 338,177.55 338,190.77 ---338,157.26 (33.29) 1.340 1.383 AAA 256350005 LC-Project Fund-Toll 2 55315FAB6 Asset Backed Mmaf Equipment Finance Llc 2016-A 12/17/2018 05/03/2016 194,323.47 194,321.24 ---194,300.15 (22.64) 1.390 1.426 AAA 256350005 LC-Project Fund-Toll 2 161571HB3 Asset Backed Chase Issuance Trust 05/17/2021 06/07/2016 500,000.00 500,878.91 ---502,690.00 516.21 1.569 1.352 AAA 256350005 LC-Project Fund-Toll 2 65478QAD0 Asset Backed Nissan Auto Lease Trust 2016-A 03/15/2019 05/17/2016 155,000.00 154,992.99 ---154,914.75 (82.20) 1.490 1.562 AAA 256350005 LC-Project Fund-Toll 2 05582XAD4 Asset Backed Bmw Vehicle Lease Trust 2016-2 09/20/2019 10/04/2016 545,000.00 544,927.95 ---543,501.25 (1,454.56) 1.430 1.680 AAA 256350005 LC-Project Fund-Toll 2 58768MAD3 Asset Backed Mercedes-Benz Auto Lease Trust 2016-B 06/15/2022 10/18/2016 190,000.00 189,983.00 ---189,521.20 (467.05) 1.520 1.697 AAA 256350005 LC-Project Fund-Toll 2 62888YAA0 CMO NCUA Guaranteed Notes Trust 2011-R1 01/08/2020 07/14/2015 158,679.08 159,447.69 ---158,853.63 (257.73) 1.442 1.620 AAA 256350005 LC-Project Fund-Toll 2 48121CYK6 Corporate JPMorgan Chase Bank, National Association 10/01/2017 03/09/2016 250,000.00 265,022.50 ---252,562.50 95.46 6.000 1.897 A 256350005 LC-Project Fund-Toll 2 202795HU7 Corporate Commonwealth Edison Company 03/15/2018 08/05/2016 255,000.00 273,819.00 ---262,236.90 (1,126.58) 5.800 1.747 A 256350005 LC-Project Fund-Toll 2 26442CAD6 Corporate Duke Energy Carolinas, LLC 04/15/2018 06/11/2015 116,000.00 127,422.52 ---119,127.36 (107.67) 5.100 1.655 AA 256350005 LC-Project Fund-Toll 2 209111ET6 Corporate Consolidated Edison Company of New York, Inc.04/01/2018 06/22/2015 220,000.00 245,828.00 ---226,921.20 (196.39) 5.850 1.624 A 256350005 LC-Project Fund-Toll 2 89837LAA3 Corporate The Trustees of Princeton University 03/01/2019 ---255,000.00 281,113.75 ---268,696.05 236.67 4.950 1.673 AAA 256350005 LC-Project Fund-Toll 2 59217GAY5 Corporate Metropolitan Life Global Funding I 01/10/2018 ---550,000.00 550,406.00 ---549,857.00 (322.23) 1.500 1.549 AA 256350005 LC-Project Fund-Toll 2 46625HJF8 Corporate JPMorgan Chase & Co.01/25/2018 08/03/2016 265,000.00 266,831.15 ---266,380.65 668.73 2.056 1.279 A 256350005 LC-Project Fund-Toll 2 31677QAV1 Corporate Fifth Third Bank 02/28/2018 06/08/2016 400,000.00 400,544.00 01/28/2018 399,448.00 (747.24) 1.450 1.660 A 256350005 LC-Project Fund-Toll 2 55279HAA8 Corporate Manufacturers and Traders Trust Company 03/07/2018 06/06/2016 400,000.00 400,012.00 02/05/2018 399,880.00 (125.31) 1.450 1.493 A 256350005 LC-Project Fund-Toll 2 05531FAP8 Corporate BB&T Corporation 06/15/2018 ---380,000.00 381,823.60 05/15/2018 382,299.00 1,478.98 2.106 1.465 A 256350005 LC-Project Fund-Toll 2 55279HAH3 Corporate Manufacturers and Traders Trust Company 07/25/2017 ---550,000.00 549,163.10 ---550,066.00 97.91 1.456 1.280 A 256350005 LC-Project Fund-Toll 2 74153WCE7 Corporate Pricoa Global Funding I 08/18/2017 ---500,000.00 499,977.00 ---499,890.00 (140.58) 1.350 1.508 AA 256350005 LC-Project Fund-Toll 2 89352HAP4 Corporate TransCanada PipeLines Limited 01/12/2018 02/03/2016 150,000.00 146,716.50 ---150,423.00 1,333.79 1.946 1.557 A 256350005 LC-Project Fund-Toll 2 46623EKD0 Corporate JPMorgan Chase & Co.03/01/2018 ---730,000.00 729,894.80 02/01/2018 730,255.50 210.28 1.700 1.639 A 256350005 LC-Project Fund-Toll 2 06050TLY6 Corporate Bank of America, National Association 03/26/2018 06/10/2015 300,000.00 298,968.00 ---300,198.00 475.35 1.650 1.559 A 256350005 LC-Project Fund-Toll 2 74256LAT6 Corporate Principal Life Global Funding II 12/01/2017 08/22/2016 360,000.00 361,533.60 ---360,597.60 90.82 1.702 1.383 A 256350005 LC-Project Fund-Toll 2 865622CB8 Corporate Sumitomo Mitsui Banking Corporation 01/18/2019 01/13/2016 250,000.00 250,000.00 ---252,067.50 2,067.50 2.098 1.699 A 256350005 LC-Project Fund-Toll 2 89114QBF4 Corporate The Toronto-Dominion Bank 01/22/2019 ---525,000.00 528,126.80 ---529,887.75 3,029.28 1.993 1.538 AA 256350005 LC-Project Fund-Toll 2 94988J5B9 Corporate Wells Fargo Bank, National Association 01/22/2018 ---500,000.00 501,314.25 ---501,810.00 1,346.83 1.893 1.393 AA 256350005 LC-Project Fund-Toll 2 037833BR0 Corporate Apple Inc.02/22/2019 ---450,000.00 454,432.50 ---455,679.00 2,988.16 2.006 1.346 AA 256350005 LC-Project Fund-Toll 2 94988J5E3 Corporate Wells Fargo Bank, National Association 05/24/2019 08/03/2016 255,000.00 255,731.85 ---257,129.25 1,628.58 1.792 1.451 AA 256350005 LC-Project Fund-Toll 2 17325FAD0 Corporate Citibank N.A 06/12/2020 06/06/2017 260,000.00 260,000.00 ---260,663.00 663.00 1.728 1.704 A 256350005 LC-Project Fund-Toll 2 89233GU79 CP Toyota Motor Credit Corporation 07/07/2017 06/19/2017 975,000.00 974,473.50 ---974,863.50 39.00 0.000 0.842 AAA 256350005 LC-Project Fund-Toll 2 63873JUX6 CP Natixis 07/31/2017 06/27/2017 1,200,000.00 1,198,658.00 ---1,198,848.00 68.00 0.000 1.156 AAA 256350005 LC-Project Fund-Toll 2 06538BU68 CP The Bank of Tokyo-Mitsubishi UFJ, Ltd.07/06/2017 06/15/2017 1,500,000.00 1,498,976.25 ---1,499,850.00 93.75 0.000 0.721 AAA 256350005 LC-Project Fund-Toll 2 14912DU31 CP Caterpillar Financial Services Corporation 07/03/2017 06/22/2017 1,200,000.00 1,199,574.67 ---1,200,000.00 77.33 0.000 0.000 AA 256350005 LC-Project Fund-Toll 2 02360RUA6 CP Ameren Corporation 07/10/2017 06/06/2017 1,000,000.00 998,819.44 ---999,760.00 72.50 0.000 0.962 AA STAMP Portfolio by Account for quarter ended June 30, 2017 ATTACHMENT 3 18 Page 6 of 28 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating STAMP Portfolio by Account for quarter ended June 30, 2017 256350005 LC-Project Fund-Toll 2 43357LU59 CP Hitachi Capital America Corp.07/05/2017 06/06/2017 1,000,000.00 998,968.89 ---999,930.00 72.22 0.000 0.631 AA 256350005 LC-Project Fund-Toll 2 30229AU56 CP EXXON MOBIL CORP 07/05/2017 06/22/2017 1,200,000.00 1,199,572.00 ---1,199,916.00 58.67 0.000 0.631 AAA 256350005 LC-Project Fund-Toll 2 22533TU38 CP Credit Agricole Corporate and Investment Bank 07/03/2017 06/07/2017 1,500,000.00 1,498,950.00 ---1,500,000.00 87.50 0.000 0.000 AAA 256350005 LC-Project Fund-Toll 2 92780JUQ2 CP Virginia Electric and Power Company 07/24/2017 06/26/2017 850,000.00 849,133.00 ---849,388.00 126.56 0.000 1.131 AAA 256350005 LC-Project Fund-Toll 2 34108AU54 CP Florida Power & Light Company 07/05/2017 06/15/2017 1,500,000.00 1,499,041.67 ---1,499,895.00 86.67 0.000 0.631 AAA 256350005 LC-Project Fund-Toll 2 09659BUJ7 CP BNP Paribas 07/18/2017 06/19/2017 1,200,000.00 1,198,859.33 ---1,199,376.00 44.67 0.000 1.105 AAA 256350005 LC-Project Fund-Toll 2 63743CUC5 CP National Rural Utilities Cooperative Finance Corporation 07/12/2017 06/19/2017 1,200,000.00 1,199,156.66 ---1,199,628.00 31.34 0.000 1.017 AAA 256350005 LC-Project Fund-Toll 2 61979JU54 CP Motiva Enterprises LLC 07/05/2017 06/26/2017 1,200,000.00 1,199,586.00 ---1,199,916.00 100.00 0.000 0.631 AA 256350005 LC-Project Fund-Toll 2 04056AU34 CP Arizona Public Service Company 07/03/2017 06/30/2017 1,200,000.00 1,199,879.00 ---1,200,000.00 80.67 0.000 0.000 AAA 256350005 LC-Project Fund-Toll 2 02361KU51 CP Ameren Illinois Company 07/05/2017 06/30/2017 450,000.00 449,915.00 ---449,968.50 36.50 0.000 0.631 AA 256350005 LC-Project Fund-Toll 2 74433GUD6 CP Prudential Funding LLC 07/13/2017 06/29/2017 1,200,000.00 1,199,523.33 ---1,199,592.00 32.00 0.000 1.023 AAA 256350005 LC-Project Fund-Toll 2 CCYUSD Currency UNITED STATES OF AMERICA 06/30/2017 ---0.00 0.00 ---0.00 - 0.000 0.000 AAA 256350005 LC-Project Fund-Toll 2 9AMMF05B2 MM Fund U.S. Bank Money Market Account Fund 06/30/2017 06/30/2017 0.00 203,265.45 ---203,265.45 - 0.000 0.000 NA 256350005 LC-Project Fund-Toll 2 65819WAC7 Muni North Carolina Eastern Municipal Power Agency 07/01/2018 ---190,000.00 190,625.40 ---190,665.00 414.80 2.003 1.650 A 256350005 LC-Project Fund-Toll 2 955116AZ1 Muni West Palm Beach, City of 10/01/2017 06/09/2016 230,000.00 229,857.40 ---229,986.20 15.44 1.100 1.121 AA 256350005 LC-Project Fund-Toll 2 62944BBC7 Non-US Gov N.V. Bank Nederlandse Gemeenten 07/14/2017 ---575,000.00 574,335.00 ---574,994.25 11.21 1.228 1.251 AAA 256350005 LC-Project Fund-Toll 2 912828K33 TIPS Treasury, United States Department of 04/15/2020 06/02/2016 991,866.50 1,004,285.36 ---993,393.97 (7,434.86) 0.125 0.070 AAA 256350005 LC-Project Fund-Toll 2 912828QQ6 US Gov Treasury, United States Department of 05/31/2018 04/18/2017 3,235,000.00 3,281,250.39 ---3,266,088.35 (7,099.76) 2.375 1.318 AAA 256350005 LC-Project Fund-Toll 2 912828TG5 US Gov Treasury, United States Department of 07/31/2017 ---1,600,000.00 1,592,193.36 ---1,599,536.00 (6.21) 0.500 0.837 AAA 256350005 LC-Project Fund-Toll 2 912828TM2 US Gov Treasury, United States Department of 08/31/2017 04/20/2017 2,500,000.00 2,497,656.25 ---2,498,450.00 (466.90) 0.625 0.992 AAA 256350005 LC-Project Fund-Toll 2 912828UA6 US Gov Treasury, United States Department of 11/30/2017 ---3,465,000.00 3,454,861.14 ---3,457,862.10 (4,684.34) 0.625 1.120 AAA 256350005 LC-Project Fund-Toll 2 912828UR9 US Gov Treasury, United States Department of 02/28/2018 ---2,750,000.00 2,747,428.71 ---2,741,612.50 (7,280.09) 0.750 1.209 AAA 256350005 LC-Project Fund-Toll 2 912828VK3 US Gov Treasury, United States Department of 06/30/2018 ---2,475,000.00 2,500,920.91 ---2,477,128.50 (9,479.88) 1.375 1.288 AAA 256350005 LC-Project Fund-Toll 2 912828WT3 US Gov Treasury, United States Department of 07/15/2017 ---3,300,000.00 3,300,281.26 ---3,300,000.00 (20.27) 0.875 0.872 AAA 256350005 LC-Project Fund-Toll 2 912828D49 US Gov Treasury, United States Department of 08/15/2017 04/20/2017 2,500,000.00 2,500,195.31 ---2,499,750.00 (325.77) 0.875 0.951 AAA 59,931,317.51 256350022 LC-Sr Lien Ob Fund-1 Interest 313385JZ0 Agency FHLBanks Office of Finance 08/04/2017 06/27/2017 150,000.00 149,844.29 ---149,863.50 6.59 0.000 0.950 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 31393EXC8 Agency CMO Federal National Mortgage Association, Inc.09/25/2018 07/24/2013 7,294.32 7,711.47 ---7,478.50 84.65 4.500 -1.507 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 3137ASNH3 Agency CMO Federal Home Loan Mortgage Corp.09/25/2021 08/15/2013 258,081.95 251,307.29 ---256,244.40 1,703.16 1.459 1.786 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 31393V2T7 Agency CMO Federal Home Loan Mortgage Corp.06/15/2018 07/08/2013 37,091.74 39,230.31 ---37,862.51 377.92 4.500 -2.636 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 31402RBG3 Agency MBS Federal National Mortgage Association, Inc.09/01/2019 ---8,401.05 9,011.37 ---8,593.77 (78.50) 6.000 2.271 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 31385JLF3 Agency MBS Federal National Mortgage Association, Inc.08/01/2017 09/18/2013 440.75 470.50 ---440.01 (0.74) 6.000 2.666 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 38144LAB6 Corporate The Goldman Sachs Group, Inc.09/01/2017 07/03/2013 300,000.00 322,515.00 ---302,220.00 1,232.11 6.250 1.831 A 256350022 LC-Sr Lien Ob Fund-1 Interest 02580ECC5 Corporate American Express Bank, FSB 09/13/2017 07/08/2013 250,000.00 287,890.00 ---252,042.50 142.37 6.000 1.921 A 256350022 LC-Sr Lien Ob Fund-1 Interest 48121CYK6 Corporate JPMorgan Chase Bank, National Association 10/01/2017 07/03/2013 300,000.00 341,424.00 ---303,075.00 494.07 6.000 1.897 A 256350022 LC-Sr Lien Ob Fund-1 Interest 78011DAC8 Corporate Royal Bank of Canada 09/19/2017 05/21/2015 700,000.00 700,763.00 ---699,720.00 (352.79) 1.200 1.378 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 05565QCC0 Corporate BP Capital Markets P.L.C.11/06/2017 07/03/2013 300,000.00 292,194.00 ---299,931.00 582.81 1.375 1.438 A 256350022 LC-Sr Lien Ob Fund-1 Interest 9AMMF05B2 MM Fund U.S. Bank Money Market Account Fund 06/30/2017 ---0.00 28,867.11 ---28,867.11 - 0.000 0.000 NA 256350022 LC-Sr Lien Ob Fund-1 Interest 912828NW6 US Gov Treasury, United States Department of 08/31/2017 05/22/2017 350,000.00 350,888.67 ---350,504.00 (38.09) 1.875 1.013 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 912828UA6 US Gov Treasury, United States Department of 11/30/2017 07/05/2013 200,000.00 194,343.75 ---199,588.00 135.78 0.625 1.120 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 912828UZ1 US Gov Treasury, United States Department of 04/30/2018 07/14/2015 200,000.00 198,187.50 ---198,938.00 (517.71) 0.625 1.267 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 912828D98 US Gov Treasury, United States Department of 09/15/2017 05/22/2017 275,000.00 275,032.23 ---274,958.75 (62.55) 1.000 1.069 AAA 256350022 LC-Sr Lien Ob Fund-1 Interest 912828J84 US Gov Treasury, United States Department of 03/31/2020 06/17/2015 200,000.00 197,023.44 ---199,258.00 996.36 1.375 1.513 AAA 3,569,585.05 256350023 LC-Sr Lien Reserve Fund-1 3137EADB2 Agency Federal Home Loan Mortgage Corporation 01/13/2022 ---950,000.00 942,921.50 ---969,940.50 20,296.96 2.375 1.890 AAA 256350023 LC-Sr Lien Reserve Fund-1 3137EADR7 Agency Federal Home Loan Mortgage Corporation 05/01/2020 05/15/2015 475,000.00 471,527.75 ---471,841.25 (1,140.67) 1.375 1.616 AAA 256350023 LC-Sr Lien Reserve Fund-1 3135G0D75 Agency Federal National Mortgage Association, Inc.06/22/2020 05/06/2015 600,000.00 593,490.00 ---598,536.00 2,386.67 1.500 1.584 AAA 256350023 LC-Sr Lien Reserve Fund-1 31395EZP5 Agency CMO Federal Home Loan Mortgage Corp.08/15/2019 07/09/2013 31,507.05 33,333.47 ---32,224.78 18.95 4.500 0.272 AAA 256350023 LC-Sr Lien Reserve Fund-1 38377RVK8 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 04/20/2039 ---131,859.15 135,577.99 ---134,691.49 113.41 3.000 2.155 AAA 256350023 LC-Sr Lien Reserve Fund-1 3137AJMF8 Agency CMO Federal Home Loan Mortgage Corp.10/25/2021 08/05/2015 30,000.00 31,038.28 ---30,999.00 293.25 2.968 2.077 AAA 256350023 LC-Sr Lien Reserve Fund-1 38376GB33 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 10/16/2044 01/23/2015 246,360.19 252,880.19 ---248,917.41 (3,006.01) 3.500 1.915 AAA 256350023 LC-Sr Lien Reserve Fund-1 3137ASNH3 Agency CMO Federal Home Loan Mortgage Corp.09/25/2021 07/03/2013 258,081.95 252,204.53 ---256,244.40 1,194.94 1.459 1.786 AAA 256350023 LC-Sr Lien Reserve Fund-1 3137ATRW4 Agency CMO Federal Home Loan Mortgage Corp.05/25/2022 12/21/2016 125,000.00 124,804.69 ---125,998.75 1,196.04 2.373 2.171 AAA 256350023 LC-Sr Lien Reserve Fund-1 3137AUPE3 Agency CMO Federal Home Loan Mortgage Corp.06/25/2022 ---379,000.00 366,344.03 ---382,157.07 10,144.63 2.396 2.190 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378BX20 Agency CMO Government National Mortgage Association 06/16/2051 03/17/2015 43,329.52 42,365.75 ---42,341.17 (27.93) 1.240 2.436 AAA 256350023 LC-Sr Lien Reserve Fund-1 38377RSZ9 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 06/16/2039 01/21/2015 27,509.58 29,154.90 ---28,313.69 (238.83) 4.500 1.704 AAA 256350023 LC-Sr Lien Reserve Fund-1 3136A72D3 Agency CMO Federal National Mortgage Association, Inc.04/25/2022 07/03/2013 381,663.86 362,580.66 ---386,041.54 15,638.04 2.482 2.183 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378B7F0 Agency CMO Government National Mortgage Association 12/16/2042 ---450,000.00 427,324.22 ---433,980.00 5,237.27 2.273 2.989 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378CRT6 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 10/20/2040 05/22/2014 75,207.25 72,622.00 ---74,695.84 1,587.29 2.000 2.220 AAA 256350023 LC-Sr Lien Reserve Fund-1 38377JZ89 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 10/20/2039 07/05/2013 83,357.76 85,907.34 ---86,069.39 936.18 3.500 1.915 AAA 256350023 LC-Sr Lien Reserve Fund-1 31392JJ83 Agency CMO Federal National Mortgage Association, Inc.03/25/2018 07/08/2013 3,634.85 3,834.77 ---3,694.28 30.75 5.000 -1.547 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378TAF7 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 07/20/2041 07/05/2013 175,505.85 175,532.31 ---177,710.20 2,329.24 2.500 2.109 AAA 256350023 LC-Sr Lien Reserve Fund-1 38376T5Z1 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 01/16/2039 01/26/2015 114,893.84 120,035.34 ---117,611.08 (1,553.12) 3.000 2.185 AAA 256350023 LC-Sr Lien Reserve Fund-1 38376WA62 Agency CMO The Government National Mortgage Association Guaranteed REMIC Pass-T 10/20/2039 01/21/2015 69,517.76 72,985.92 ---73,642.24 423.64 4.000 1.469 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 169,396.18 174,140.60 ---173,395.62 (427.71) 3.000 2.553 AAA 256350023 LC-Sr Lien Reserve Fund-1 31381PEB0 Agency MBS Federal National Mortgage Association, Inc.11/01/2020 09/26/2014 258,015.11 271,681.85 ---268,508.59 3,175.18 3.370 2.013 AAA 256350023 LC-Sr Lien Reserve Fund-1 31417YKF3 Agency MBS Federal National Mortgage Association, Inc.01/01/2030 07/10/2013 96,713.63 102,032.89 ---103,988.43 2,034.41 4.500 2.339 AAA 256350023 LC-Sr Lien Reserve Fund-1 36202F2H8 Agency MBS Ginnie Mae II 01/20/2027 11/14/2016 210,610.58 218,574.29 ---217,668.14 (739.30) 3.000 1.945 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 ---100,411.00 572.94 2.010 1.822 AAA 256350023 LC-Sr Lien Reserve Fund-1 3137B1U75 Agency MBS Federal Home Loan Mortgage Corp.01/25/2023 08/29/2016 380,000.00 394,917.97 ---384,054.60 (8,699.11) 2.522 2.267 AAA 256350023 LC-Sr Lien Reserve Fund-1 3136A4M48 Agency MBS Federal National Mortgage Association, Inc.01/25/2022 07/05/2013 277,263.16 278,042.96 ---277,493.29 44.45 2.098 2.011 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378KWU9 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-T 11/16/2041 ---75,559.64 73,785.29 ---72,579.57 (1,329.47) 1.400 3.291 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 184,102.90 183,211.15 ---180,706.20 (2,588.19) 1.705 2.779 AAA 256350023 LC-Sr Lien Reserve Fund-1 31385XBG1 Agency MBS Federal National Mortgage Association, Inc.03/01/2018 09/13/2013 79.49 84.65 ---79.57 (0.29) 6.000 2.596 AAA 256350023 LC-Sr Lien Reserve Fund-1 3138EKXL4 Agency MBS Federal National Mortgage Association, Inc.03/01/2023 12/21/2016 283,005.34 279,821.53 ---286,375.93 6,377.12 2.356 2.071 AAA 256350023 LC-Sr Lien Reserve Fund-1 3136AHAE0 Agency MBS Federal National Mortgage Association, Inc.04/25/2023 10/28/2016 214,907.06 219,541.00 ---216,155.67 (2,915.24) 2.600 2.413 AAA 256350023 LC-Sr Lien Reserve Fund-1 3138L76A9 Agency MBS Federal National Mortgage Association, Inc.11/01/2021 10/04/2016 125,000.00 129,511.72 ---126,998.75 (1,816.21) 2.590 2.157 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378B6A2 Agency MBS Government National Mortgage Association 11/16/2052 01/22/2015 128,072.50 124,035.21 ---123,276.19 (731.23) 1.826 2.119 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 ---301,335.00 (5,969.19) 2.349 2.228 AAA 19 Page 7 of 28 Source Account Account Identifier Security Type Category Issuer Final Maturity Trade Date Current Face Value Original Cost Next Call Date Base Market Value Base Net Total Unrealized Gain/Loss Coupon Yield Summarized Credit Rating STAMP Portfolio by Account for quarter ended June 30, 2017 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 ---407,298.75 (8,809.33) 2.798 3.385 AAA 256350023 LC-Sr Lien Reserve Fund-1 31381Q6B7 Agency MBS Federal National Mortgage Association, Inc.06/01/2021 07/15/2016 188,666.55 209,243.00 ---202,652.40 (2,681.17) 4.295 2.196 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378KRS0 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-T 07/16/2043 05/08/2015 450,000.00 434,460.94 ---436,563.00 1,100.45 2.389 3.006 AAA 256350023 LC-Sr Lien Reserve Fund-1 38378XP62 Agency MBS The Government National Mortgage Association Guaranteed REMIC Pass-T 05/16/2055 05/14/2015 370,075.03 374,643.14 ---365,734.05 (8,515.36) 2.500 2.754 AAA 256350023 LC-Sr Lien Reserve Fund-1 38379KDN5 Agency MBS Government National Mortgage Association 09/16/2055 08/05/2015 177,323.55 172,793.48 ---171,170.42 (2,116.14) 2.107 3.194 AAA 256350023 LC-Sr Lien Reserve Fund-1 31381T4E7 Agency MBS Federal National Mortgage Association, Inc.03/01/2022 10/25/2016 271,061.16 283,205.98 ---277,192.56 (4,521.37) 2.670 2.104 AAA 256350023 LC-Sr Lien Reserve Fund-1 3138EJPZ5 Agency MBS Federal National Mortgage Association, Inc.07/01/2022 08/29/2016 310,556.60 329,857.21 ---318,926.10 (7,478.05) 2.973 2.225 AAA 256350023 LC-Sr Lien Reserve Fund-1 9AMMF05B2 MM Fund U.S. Bank Money Market Account Fund 06/30/2017 ---0.00 905,724.17 ---905,724.17 - 0.000 0.000 NA 256350023 LC-Sr Lien Reserve Fund-1 912828SA9 TIPS Treasury, United States Department of 01/15/2022 06/13/2017 270,065.00 271,328.93 ---269,659.90 (1,656.09) 0.125 0.158 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828K33 TIPS Treasury, United States Department of 04/15/2020 02/13/2017 120,068.05 122,040.66 ---120,252.95 (1,555.43) 0.125 0.070 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828V49 TIPS Treasury, United States Department of 01/15/2027 06/13/2017 227,738.25 225,872.65 ---223,670.84 (2,209.73) 0.375 0.567 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828UF5 US Gov Treasury, United States Department of 12/31/2019 11/16/2015 75,000.00 73,839.84 ---74,382.00 93.69 1.125 1.462 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828VA5 US Gov Treasury, United States Department of 04/30/2020 02/28/2017 160,000.00 158,131.25 ---158,236.80 (88.50) 1.125 1.524 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828VV9 US Gov Treasury, United States Department of 08/31/2020 ---235,000.00 241,525.78 ---238,781.15 (745.36) 2.125 1.602 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828B58 US Gov Treasury, United States Department of 01/31/2021 ---1,640,000.00 1,677,556.65 ---1,665,239.60 (794.39) 2.125 1.681 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 ---1,357,438.50 (11,141.85) 2.250 2.169 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 ---1,192,452.00 (32,841.52) 2.125 2.212 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828L57 US Gov Treasury, United States Department of 09/30/2022 05/05/2017 850,000.00 840,968.75 ---842,333.00 1,127.11 1.750 1.931 AAA 256350023 LC-Sr Lien Reserve Fund-1 912828L99 US Gov Treasury, United States Department of 10/31/2020 05/05/2017 1,100,000.00 1,090,289.06 ---1,090,980.00 290.87 1.375 1.628 AAA 17,827,364.84 256350004 LC-PF-2 Sales Tax Revenue Bond 9AMMF05B2 MM Fund U.S. Bank Money Market Account Fund 06/30/2017 ---0.00 3.57 ---3.57 0.00 0.000 0.000 NA 20 Page 8 of 28 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance 205091001 LC-2013 A Capitalized Interest 084664BE0 BERKSHIRE HATHAWAY FINANCE CORP 835,440.00 - (830,760.00) - - (81.89) (4,671.49) 73.37 - - 205091001 LC-2013 A Capitalized Interest 64966H4E7 NEW YORK N Y 1,181,723.40 - - - - - (4,161.92) (1,430.68) 1,176,130.80 9,184.50 205091001 LC-2013 A Capitalized Interest 912828NW6 UNITED STATES TREASURY - 1,203,046.88 - - - - (1,188.28) (130.60) 1,201,728.00 7,520.38 205091001 LC-2013 A Capitalized Interest 89236TAY1 TOYOTA MOTOR CREDIT CORP 2,009,880.00 - (2,013,080.00) - - 2,965.31 (1,044.15) 1,278.84 - - 205091001 LC-2013 A Capitalized Interest 36290WH47 GN 619551 312,902.02 - - - (71,310.04) (1,331.40) (1,027.78) 1,394.55 240,627.35 891.76 205091001 LC-2013 A Capitalized Interest 912828PF1 UNITED STATES TREASURY - 1,003,750.00 - - - - (908.39) (331.61) 1,002,510.00 3,158.97 205091001 LC-2013 A Capitalized Interest 31401MWC1 FN 712643 220,866.32 - - - (49,782.67) (709.49) (657.52) (161.41) 169,555.22 620.91 205091001 LC-2013 A Capitalized Interest 313385DP8 FEDERAL HOME LOAN BANKS - (1,099,480.71) - 1,100,000.00 - - (519.29) - - - 205091001 LC-2013 A Capitalized Interest 31393V2T7 FHR 2627E GY 166,375.02 - - - (40,757.04) (493.52) (330.53) (133.64) 124,660.29 457.96 205091001 LC-2013 A Capitalized Interest 912796QG7 UNITED STATES TREASURY - (1,234,670.67) - 1,235,000.00 - - (329.33) - - - 205091001 LC-2013 A Capitalized Interest 31402QT68 FN 735073 69,666.07 - - - (14,014.90) (505.70) (137.06) 76.99 55,085.40 268.31 205091001 LC-2013 A Capitalized Interest 3128MBTH0 FH G13052 33,962.07 - - - (7,932.52) (149.32) (102.78) (68.66) 25,708.78 104.46 205091001 LC-2013 A Capitalized Interest 31392F6C6 FNR 0277C CB 40,164.73 - - - (19,286.46) (163.44) (93.88) (321.71) 20,299.24 84.17 205091001 LC-2013 A Capitalized Interest 31393EXC8 FNR 0388E TH 91,037.36 - - - (23,239.15) (324.61) (92.75) (74.33) 67,306.52 246.18 205091001 LC-2013 A Capitalized Interest 313385EN2 FEDERAL HOME LOAN BANKS 999,690.00 (999,547.78) - - - - (82.21) (60.01) - - 205091001 LC-2013 A Capitalized Interest 3132FEAK7 FH Z50010 24,640.00 - - - (10,633.38) (95.81) (80.96) (180.16) 13,649.69 55.46 205091001 LC-2013 A Capitalized Interest 912796KT5 UNITED STATES TREASURY 924,685.50 (924,580.41) - - - - (72.97) (32.12) - - 205091001 LC-2013 A Capitalized Interest 912828D98 UNITED STATES TREASURY - 1,500,175.78 - - - - (59.61) (341.17) 1,499,775.00 4,402.17 205091001 LC-2013 A Capitalized Interest 3128H4NR6 FH E96700 20,723.16 - - - (7,762.50) (113.31) (57.67) (99.14) 12,690.53 51.56 205091001 LC-2013 A Capitalized Interest 912828WH9 UNITED STATES TREASURY - 1,300,050.78 - (1,300,000.00) - - (50.78) - - - 205091001 LC-2013 A Capitalized Interest 31392FPP6 FNR 0274C PE 22,867.43 - - - (12,483.38) (91.71) (50.72) (219.07) 10,022.55 41.77 205091001 LC-2013 A Capitalized Interest 313385EL6 FEDERAL HOME LOAN BANKS 399,892.00 (399,833.33) - - - - (33.33) (25.34) - - 205091001 LC-2013 A Capitalized Interest 31410GSQ7 FN 888927 13,169.62 - - - (8,835.90) (64.68) (31.66) 46.15 4,283.54 21.39 205091001 LC-2013 A Capitalized Interest 31402RBG3 FN 735439 37,819.19 - - - (11,352.01) (358.36) (28.91) 73.69 26,153.60 127.84 205091001 LC-2013 A Capitalized Interest 313385BS4 FEDERAL HOME LOAN BANKS - (199,971.11) - 200,000.00 - - (28.89) - - - 205091001 LC-2013 A Capitalized Interest 3128PHVS7 FH J06025 11,927.96 - - - (5,167.07) (71.16) (24.62) (77.51) 6,587.60 26.77 205091001 LC-2013 A Capitalized Interest 31392HWL3 FNR 033D BC 7,895.92 - - - (2,946.43) (26.52) (13.58) (42.83) 4,866.56 19.91 205091001 LC-2013 A Capitalized Interest 36200AFG9 GN 595167 4,823.56 - - - (2,896.17) (26.02) (11.65) 16.58 1,906.29 8.72 205091001 LC-2013 A Capitalized Interest 3128PGLY7 FH J04843 6,387.72 - - - (6,207.34) (3.80) (10.20) (166.39) - - 205091001 LC-2013 A Capitalized Interest 31402RBG3 FN 735439 2,916.07 - - - (875.30) (24.95) (2.04) 2.81 2,016.59 9.86 205091001 LC-2013 A Capitalized Interest 31402RBG3 FN 735439 1,763.10 - - - (529.22) (16.17) (1.31) 2.86 1,219.26 5.96 205091001 LC-2013 A Capitalized Interest 3135G0ZB2 FEDERAL NATIONAL MORTGAGE ASSOCIATION 574,988.50 (574,995.98) - - - - (0.70) 8.18 - - 205091001 LC-2013 A Capitalized Interest 9AMMF05B2 U.S. BANK MONEY MARKET ACCOUNT FUND 158,324.36 18,791,195.13 (18,919,495.01) - - - - - 30,024.48 - 205091001 LC-2013 A Capitalized Interest 3135G0ZB2 FEDERAL NATIONAL MORTGAGE ASSOCIATION - 574,995.98 - (575,000.00) - - 4.02 - - - 205091001 LC-2013 A Capitalized Interest 313385BS4 FEDERAL HOME LOAN BANKS - 199,971.11 - (200,000.00) - - 28.89 - - - 205091001 LC-2013 A Capitalized Interest 313385JS6 FEDERAL HOME LOAN BANKS - 399,661.67 - - - - 33.82 28.51 399,724.00 - 205091001 LC-2013 A Capitalized Interest 30231GAL6 EXXON MOBIL CORP 579,536.00 - (580,040.60) - - 230.27 35.41 238.91 - - 205091001 LC-2013 A Capitalized Interest 89153VAC3 TOTAL CAPITAL INTERNATIONAL SA 160,116.80 - - (160,000.00) - - 140.80 (257.60) - - 205091001 LC-2013 A Capitalized Interest 313385EL6 FEDERAL HOME LOAN BANKS - 399,833.33 - (400,000.00) - - 166.67 - - - 205091001 LC-2013 A Capitalized Interest 912796KU2 UNITED STATES TREASURY - 999,822.25 - (1,000,000.00) - - 177.75 - - - 205091001 LC-2013 A Capitalized Interest 912828M23 UNITED STATES TREASURY 800,832.00 - - - - - 239.50 (583.50) 800,488.00 1,527.22 205091001 LC-2013 A Capitalized Interest 184126YS3 CLAYTON CNTY & CLAYTON CNTY GA WTR AUTH WTR & SEW 770,392.70 - - (770,000.00) - - 316.51 (709.21) - - 205091001 LC-2013 A Capitalized Interest 912796QG7 UNITED STATES TREASURY - 1,234,670.67 - (1,235,000.00) - - 329.33 - - - 205091001 LC-2013 A Capitalized Interest 912828UB4 UNITED STATES TREASURY 1,236,425.00 - (1,240,771.48) - - 10,625.25 366.76 (6,645.53) - - 205091001 LC-2013 A Capitalized Interest 912796KT5 UNITED STATES TREASURY - 924,580.41 - (925,000.00) - - 419.59 - - - 205091001 LC-2013 A Capitalized Interest 313385EN2 FEDERAL HOME LOAN BANKS - 999,547.78 - (1,000,000.00) - - 452.22 - - - 205091001 LC-2013 A Capitalized Interest 912828J84 UNITED STATES TREASURY 696,962.00 - - - - - 473.49 (32.49) 697,403.00 2,419.40 205091001 LC-2013 A Capitalized Interest 45818LFZ8 INTER-AMERICAN DEVELOPMENT BANK - 799,484.45 - (800,000.00) - - 515.55 - - - 205091001 LC-2013 A Capitalized Interest 313385DP8 FEDERAL HOME LOAN BANKS - 1,099,480.71 - (1,100,000.00) - - 519.29 - - - 205091001 LC-2013 A Capitalized Interest 313385FZ4 FEDERAL HOME LOAN BANKS - 1,199,116.00 - (1,200,000.00) - - 884.00 - - - 205091001 LC-2013 A Capitalized Interest 912828J84 UNITED STATES TREASURY 1,294,358.00 - - - - - 891.66 (72.66) 1,295,177.00 4,493.17 205091001 LC-2013 A Capitalized Interest 037833AJ9 APPLE INC 2,990,940.00 - (2,992,050.00) - - 5,218.23 2,058.24 (6,166.47) - - 205091001 LC-2013 A Capitalized Interest 912828UZ1 UNITED STATES TREASURY 2,089,101.00 - - - - - 2,103.33 (2,355.33) 2,088,849.00 2,211.28 205091001 LC-2013 A Capitalized Interest 912796KU2 UNITED STATES TREASURY 4,097,581.00 - - (4,100,000.00) - - 2,202.38 216.62 - - 205091001 LC-2013 A Capitalized Interest 912828UA6 UNITED STATES TREASURY 1,745,905.00 - - - - - 2,867.73 (2,377.73) 1,746,395.00 926.40 24,636,680.58 27,196,302.94 (26,576,197.09) (12,230,000.00) (296,011.48) 14,387.21 (680.01) (19,638.85) 12,724,843.29 38,886.47 256350005 LC-Project Fund-Toll 2 912828QQ6 UNITED STATES TREASURY - 3,281,250.39 - - - - (8,062.28) (7,099.76) 3,266,088.35 6,507.56 256350005 LC-Project Fund-Toll 2 202795HU7 COMMONWEALTH EDISON CO 265,120.95 - - - - - (2,915.62) 31.57 262,236.90 4,354.83 256350005 LC-Project Fund-Toll 2 48121CYK6 JPMORGAN CHASE BANK NA 255,237.50 - - - - - (2,440.23) (234.77) 252,562.50 3,750.00 256350005 LC-Project Fund-Toll 2 209111ET6 CONSOLIDATED EDISON COMPANY OF NEW YORK INC 229,163.00 - - - - - (2,343.57) 101.77 226,921.20 3,217.50 256350005 LC-Project Fund-Toll 2 912828VK3 UNITED STATES TREASURY 1,955,635.50 - - - - - (2,193.01) (1,765.49) 1,951,677.00 72.86 256350005 LC-Project Fund-Toll 2 89837LAA3 TRUSTEES OF PRINCETON UNIVERSITY 185,722.25 - - - - - (1,294.73) (28.27) 184,399.25 2,887.50 256350005 LC-Project Fund-Toll 2 26442CAD6 DUKE ENERGY CAROLINAS LLC 120,065.80 - - - - - (1,013.39) 74.95 119,127.36 1,248.93 256350005 LC-Project Fund-Toll 2 3138ELY64 FN AL4332 201,076.52 - - - (15,686.04) (1,384.03) (954.79) 5.05 183,056.71 853.31 256350005 LC-Project Fund-Toll 2 89837LAA3 TRUSTEES OF PRINCETON UNIVERSITY 84,901.60 - - - - - (669.59) 64.79 84,296.80 1,320.00 256350005 LC-Project Fund-Toll 2 912828KD1 UNITED STATES TREASURY 719,607.00 - (720,015.63) - - (86.89) (542.25) 1,037.77 - - 256350005 LC-Project Fund-Toll 2 912828KD1 UNITED STATES TREASURY 642,506.25 - (642,871.09) - - (16.34) (482.48) 863.66 - - 256350005 LC-Project Fund-Toll 2 037833BR0 APPLE INC 304,545.00 - - - - - (407.43) (351.57) 303,786.00 652.09 256350005 LC-Project Fund-Toll 2 46625HJF8 JPMORGAN CHASE & CO 266,592.65 - - - - - (311.47) 99.47 266,380.65 1,014.12 256350005 LC-Project Fund-Toll 2 74256LAT6 PRINCIPAL LIFE GLOBAL FUNDING II 361,155.60 - - - - - (301.42) (256.58) 360,597.60 510.53 256350005 LC-Project Fund-Toll 2 80851QDA9 CHARLES SCHWAB CORPORATION (THE)66,291.55 - (66,059.50) - - (28.46) (299.19) 95.60 - - 256350005 LC-Project Fund-Toll 2 89114QBF4 TORONTO-DOMINION BANK 404,200.00 - - - - - (296.70) (179.30) 403,724.00 1,505.95 256350005 LC-Project Fund-Toll 2 891145W59 TORONTO-DOMINION BANK 453,078.00 - (454,482.00) - - (4,659.19) (253.67) 6,316.86 - - 256350005 LC-Project Fund-Toll 2 05531FAP8 BB&T CORP 261,942.20 - - - - - (234.26) (134.94) 261,573.00 243.31 256350005 LC-Project Fund-Toll 2 912828KD1 UNITED STATES TREASURY 318,683.10 - (318,864.06) - - 483.27 (225.90) (76.41) - - 256350005 LC-Project Fund-Toll 2 912828KD1 UNITED STATES TREASURY 308,403.00 - (308,578.13) - - 682.13 (212.76) (294.24) - - 256350005 LC-Project Fund-Toll 2 06416CAA6 BANK OF NOVA SCOTIA 426,989.00 - (428,064.25) - - (4,426.58) (211.21) 5,713.03 - - 256350005 LC-Project Fund-Toll 2 3133XY2H7 FEDERAL HOME LOAN BANKS 205,937.22 - - - (205,745.88) 0.01 (205.81) 14.46 - - 256350005 LC-Project Fund-Toll 2 94988J5B9 WELLS FARGO BANK NA 251,272.50 - - - - - (196.44) (171.06) 250,905.00 894.00 256350005 LC-Project Fund-Toll 2 912828WT3 UNITED STATES TREASURY - 1,200,234.38 - - - - (195.78) (38.60) 1,200,000.00 4,843.92 256350005 LC-Project Fund-Toll 2 912828VK3 UNITED STATES TREASURY 130,375.70 - - - - - (192.39) (71.51) 130,111.80 4.86 256350005 LC-Project Fund-Toll 2 912828VK3 UNITED STATES TREASURY 130,375.70 - - - - - (190.52) (73.38) 130,111.80 4.86 256350005 LC-Project Fund-Toll 2 912828VK3 UNITED STATES TREASURY 130,375.70 - - - - - (189.59) (74.31) 130,111.80 4.86 256350005 LC-Project Fund-Toll 2 780082AA1 ROYAL BANK OF CANADA 671,672.25 - (674,338.50) - - (7,578.02) (168.44) 10,412.71 - - 256350005 LC-Project Fund-Toll 2 912828WP1 UNITED STATES TREASURY - 4,000,156.25 - (4,000,000.00) - - (156.25) - - - STAMP Portfolio Transaction Report by Account Quarter ended June 30, 2017 ATTACHMENT 4 21 Page 9 of 28 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance STAMP Portfolio Transaction Report by Account Quarter ended June 30, 2017 256350005 LC-Project Fund-Toll 2 912828VK3 UNITED STATES TREASURY 135,390.15 - - - - - (140.62) (133.43) 135,116.10 5.04 256350005 LC-Project Fund-Toll 2 59217GAY5 METROPOLITAN LIFE GLOBAL FUNDING I 249,562.50 - - - - - (120.25) 492.75 249,935.00 1,781.25 256350005 LC-Project Fund-Toll 2 912828D49 UNITED STATES TREASURY - 2,500,195.31 - - - - (119.54) (325.77) 2,499,750.00 8,218.23 256350005 LC-Project Fund-Toll 2 74153WCE7 PRICOA GLOBAL FUNDING I 199,710.00 - - - - - (114.97) 360.97 199,956.00 997.50 256350005 LC-Project Fund-Toll 2 46623EKD0 JPMORGAN CHASE & CO 250,055.00 - - - - - (105.79) 138.29 250,087.50 1,416.67 256350005 LC-Project Fund-Toll 2 05531FAQ6 BB&T CORP 201,368.00 - (201,694.00) - - (1,485.89) (102.17) 1,914.06 - - 256350005 LC-Project Fund-Toll 2 31677QAV1 FIFTH THIRD BANK 399,580.00 - - - - - (85.12) (46.88) 399,448.00 1,981.67 256350005 LC-Project Fund-Toll 2 69353RET1 PNC BANK NA 300,306.00 - (300,624.00) - - (1,484.77) (78.89) 1,881.66 - - 256350005 LC-Project Fund-Toll 2 69353RET1 PNC BANK NA 300,306.00 - (300,624.00) - - (1,454.92) (77.76) 1,850.68 - - 256350005 LC-Project Fund-Toll 2 780082AA1 ROYAL BANK OF CANADA 313,447.05 - (314,691.30) - - (3,446.04) (76.40) 4,766.69 - - 256350005 LC-Project Fund-Toll 2 912828WT3 UNITED STATES TREASURY - 1,100,085.94 - - - - (72.11) (13.83) 1,100,000.00 4,440.26 256350005 LC-Project Fund-Toll 2 0258M0DZ9 AMERICAN EXPRESS CREDIT CORP 300,513.00 - (300,792.00) - - (1,116.54) (71.44) 1,466.99 - - 256350005 LC-Project Fund-Toll 2 91159HHD5 U.S. BANCORP 300,027.00 - - (300,000.00) - - (69.68) 42.68 - - 256350005 LC-Project Fund-Toll 2 55279HAH3 MANUFACTURERS AND TRADERS TRUST CO 300,222.00 - - - - - (67.21) (118.79) 300,036.00 813.06 256350005 LC-Project Fund-Toll 2 46849LSL6 JACKSON NATIONAL LIFE GLOBAL FUNDING 300,582.00 - (301,227.00) - - (583.84) (66.12) 1,294.97 - - 256350005 LC-Project Fund-Toll 2 161571GQ1 CHAIT 147 A 120,056.40 - - - - - (62.80) 16.00 120,009.60 73.60 256350005 LC-Project Fund-Toll 2 912828UR9 UNITED STATES TREASURY 563,412.35 - - - - - (61.55) (74.05) 563,276.75 1,416.34 256350005 LC-Project Fund-Toll 2 46849LSL6 JACKSON NATIONAL LIFE GLOBAL FUNDING 200,388.00 - (200,818.00) - - (819.18) (59.86) 1,309.03 - - 256350005 LC-Project Fund-Toll 2 91159HHD5 U.S. BANCORP 250,022.50 - - (250,000.00) - - (58.40) 35.90 - - 256350005 LC-Project Fund-Toll 2 912828UR9 UNITED STATES TREASURY 478,651.20 - - - - - (58.10) (57.10) 478,536.00 1,203.26 256350005 LC-Project Fund-Toll 2 47787UAD5 JDOT 15 A3 453,531.59 - - - (116,574.55) (67.73) (56.84) 121.18 336,953.64 197.75 256350005 LC-Project Fund-Toll 2 94988J5E3 WELLS FARGO BANK NA 256,680.45 - - - - - (56.70) 505.50 257,129.25 482.35 256350005 LC-Project Fund-Toll 2 58769AAD8 MBALT 15B A3 175,001.75 - - - (36,275.38) (21.35) (54.78) 48.02 138,698.26 82.62 256350005 LC-Project Fund-Toll 2 38147MAA3 GOLDMAN SACHS GROUP INC 101,295.00 - (101,331.00) - - 87.75 (54.51) 2.76 - - 256350005 LC-Project Fund-Toll 2 58769AAD8 MBALT 15B A3 170,001.70 - - - (35,238.94) (20.74) (53.22) 46.65 134,735.45 80.26 256350005 LC-Project Fund-Toll 2 36159LBW5 GEDFT 122 A 200,066.00 - - - (200,000.00) - (49.48) (16.52) - - 256350005 LC-Project Fund-Toll 2 62888YAA0 NGN 11R1 NTS 168,953.16 - - - (10,015.98) (29.01) (43.78) (10.76) 158,853.63 152.51 256350005 LC-Project Fund-Toll 2 912828UF5 UNITED STATES TREASURY 644,416.50 - (646,978.52) - - (5,386.65) (42.98) 7,991.64 - - 256350005 LC-Project Fund-Toll 2 65819WAC7 NORTH CAROLINA EASTN MUN PWR AGY REV 35,242.90 - - - - - (36.31) (84.09) 35,122.50 350.53 256350005 LC-Project Fund-Toll 2 38378NNA7 GNR 13194 AB 427,439.18 - - - (18,802.95) (116.64) (35.83) 777.61 409,261.38 769.07 256350005 LC-Project Fund-Toll 2 36159LBW5 GEDFT 122 A 300,099.00 - - - (300,000.00) - (35.73) (63.27) - - 256350005 LC-Project Fund-Toll 2 3133EECD0 FEDERAL FARM CREDIT BANKS FUNDING CORP 500,290.00 - - (500,000.00) - - (33.54) (256.46) - - 256350005 LC-Project Fund-Toll 2 65819WAC7 NORTH CAROLINA EASTN MUN PWR AGY REV 30,208.20 - - - - - (25.84) (77.36) 30,105.00 300.45 256350005 LC-Project Fund-Toll 2 36225EUY6 G2 082398 88,173.05 - - - (18,040.37) (477.89) (22.13) 88.22 69,720.89 119.35 256350005 LC-Project Fund-Toll 2 912828UF5 UNITED STATES TREASURY 768,342.75 - (771,397.46) - - (4,537.80) (16.97) 7,609.48 - - 256350005 LC-Project Fund-Toll 2 298785GK6 EUROPEAN INVESTMENT BANK 274,997.25 - - (275,000.00) - - (15.88) 18.63 - - 256350005 LC-Project Fund-Toll 2 06367XF30 BANK OF MONTREAL 487,930.00 - (491,710.00) - - (9,136.42) (13.54) 12,929.96 - - 256350005 LC-Project Fund-Toll 2 3137A1LC5 FHR 3710F AB 53,303.95 - - - (7,902.40) (77.42) (13.53) (44.29) 45,266.31 75.27 256350005 LC-Project Fund-Toll 2 298785GK6 EUROPEAN INVESTMENT BANK 299,997.00 - - (300,000.00) - - (9.12) 12.12 - - 256350005 LC-Project Fund-Toll 2 43814KAC5 HAROT 151 A3 323,118.13 - - - (107,914.14) (7.61) (4.62) 112.58 215,304.34 100.57 256350005 LC-Project Fund-Toll 2 55279HAA8 MANUFACTURERS AND TRADERS TRUST CO 399,424.00 - - - - - (2.71) 458.71 399,880.00 1,836.67 256350005 LC-Project Fund-Toll 2 05531FAP8 BB&T CORP 120,896.40 - - - - - (0.40) (170.00) 120,726.00 112.30 256350005 LC-Project Fund-Toll 2 05581QAD0 BMWLT 152 A3 - 100,015.63 - - (15,387.73) (2.50) (0.06) (6.30) 84,619.04 36.20 256350005 LC-Project Fund-Toll 2 9AMMF05B2 U.S. BANK MONEY MARKET ACCOUNT FUND 295,328.43 80,449,948.34 (80,542,011.32) - - - - - 203,265.45 - 256350005 LC-Project Fund-Toll 2 17325FAD0 CITIBANK NA - 260,000.00 - - - - - 663.00 260,663.00 237.14 256350005 LC-Project Fund-Toll 2 865622CB8 SUMITOMO MITSUI BANKING CORP 252,285.00 - - - - - - (217.50) 252,067.50 1,078.37 256350005 LC-Project Fund-Toll 2 037833BR0 APPLE INC 152,272.50 - - - - - - (379.50) 151,893.00 326.05 256350005 LC-Project Fund-Toll 2 89114QBF4 TORONTO-DOMINION BANK 126,312.50 - - - - - - (148.75) 126,163.75 470.61 256350005 LC-Project Fund-Toll 2 94988J5B9 WELLS FARGO BANK NA 251,272.50 - - - - - - (367.50) 250,905.00 894.00 256350005 LC-Project Fund-Toll 2 477877AD6 JDOT 14B A3 144,201.74 - - - (68,293.22) (0.00) - (4.45) 75,904.07 36.13 256350005 LC-Project Fund-Toll 2 937308AZ7 WBRP 3.2 WASHINGTON BIOMEDICAL RESH PPTYS WASH LEA 94,924.00 - (95,057.95) - - 57.95 - 76.00 - - 256350005 LC-Project Fund-Toll 2 65819WAC7 NORTH CAROLINA EASTN MUN PWR AGY REV 125,867.50 - - - - - - (430.00) 125,437.50 1,251.88 256350005 LC-Project Fund-Toll 2 58772PAC2 MBART 151 A2B 0.00 - - - - (0.00) - (0.00) - - 256350005 LC-Project Fund-Toll 2 912828C73 UNITED STATES TREASURY 525,042.00 - - (525,000.00) - - - (42.00) - - 256350005 LC-Project Fund-Toll 2 3136A2HB2 FNR 11111B PC 0.01 - - - - (0.01) 0.00 0.00 - - 256350005 LC-Project Fund-Toll 2 842434CN0 SOUTHERN CALIFORNIA GAS CO 250,002.50 - (250,080.00) - - 82.97 0.14 (5.61) - - 256350005 LC-Project Fund-Toll 2 58768FAB2 MBALT 16A A2A - 416,482.52 - - (78,288.69) (3.51) 0.23 (33.29) 338,157.26 201.40 256350005 LC-Project Fund-Toll 2 55315FAB6 MMAF 16A A2 237,650.44 - - - (43,250.95) 0.18 0.24 (99.76) 194,300.15 120.05 256350005 LC-Project Fund-Toll 2 0258M0DZ9 AMERICAN EXPRESS CREDIT CORP 150,256.50 - (150,396.00) - - 403.02 0.25 (263.77) - - 256350005 LC-Project Fund-Toll 2 58769AAD8 MBALT 15B A3 255,002.55 - - - (52,858.41) 0.28 0.71 (41.95) 202,103.18 120.39 256350005 LC-Project Fund-Toll 2 65478QAD0 NALT 16A A3 154,910.10 - - - - - 0.92 3.73 154,914.75 102.64 256350005 LC-Project Fund-Toll 2 477877AD6 JDOT 14B A3 36,050.43 - - - (17,073.30) 3.02 0.96 (5.10) 18,976.02 9.03 256350005 LC-Project Fund-Toll 2 46849LSL6 JACKSON NATIONAL LIFE GLOBAL FUNDING 150,291.00 - (150,613.50) - - 652.62 1.42 (331.55) - - 256350005 LC-Project Fund-Toll 2 58768MAD3 MBALT 16B A4 189,281.80 - - - - - 1.92 237.48 189,521.20 128.36 256350005 LC-Project Fund-Toll 2 47787UAD5 JDOT 15 A3 85,317.82 - - - (21,929.87) 3.25 2.69 (6.58) 63,387.32 37.20 256350005 LC-Project Fund-Toll 2 912828WT3 UNITED STATES TREASURY - 999,960.94 - - - - 6.89 32.17 1,000,000.00 4,036.60 256350005 LC-Project Fund-Toll 2 3135G0ZB2 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,399,972.00 - - (1,400,000.00) - - 8.10 19.90 - - 256350005 LC-Project Fund-Toll 2 05582XAD4 BMWLT 162 A3 543,179.70 - - - - - 9.43 312.12 543,501.25 238.13 256350005 LC-Project Fund-Toll 2 912828TG5 UNITED STATES TREASURY 24,976.50 - - - - - 9.84 6.41 24,992.75 52.14 256350005 LC-Project Fund-Toll 2 233851CF9 DAIMLER FINANCE NORTH AMERICA LLC 364,775.60 - (366,144.60) - - (3,446.99) 10.05 4,805.95 - - 256350005 LC-Project Fund-Toll 2 55315GAC2 MMAF 15A A3 27,370.62 - - - (7,250.81) 17.29 10.15 (18.77) 20,128.47 11.67 256350005 LC-Project Fund-Toll 2 90290KAD7 USAOT 141 A4 244,400.30 - - - (244,439.41) 124.96 12.10 (97.95) - - 256350005 LC-Project Fund-Toll 2 46623EKD0 JPMORGAN CHASE & CO 180,039.60 - - - - - 12.20 11.20 180,063.00 1,020.00 256350005 LC-Project Fund-Toll 2 62944BBC7 BANK NEDERLANDSE GEMEENTEN NV 300,003.00 - - - - - 16.01 (22.01) 299,997.00 757.54 256350005 LC-Project Fund-Toll 2 22546QAM9 CREDIT SUISSE AG (NEW YORK BRANCH)300,195.00 - (300,045.00) - - 49.11 16.43 (215.54) - - 256350005 LC-Project Fund-Toll 2 02361KU51 Ameren Illinois Company - 449,915.00 - - - - 17.00 36.50 449,968.50 - 256350005 LC-Project Fund-Toll 2 55315GAC2 MMAF 15A A3 193,158.36 - - - (51,170.02) 41.49 24.87 (5.19) 142,049.51 82.36 256350005 LC-Project Fund-Toll 2 955116AZ1 WEST PALM BEACH FLA SPL OBLIG 229,834.40 - - - - - 28.92 122.88 229,986.20 632.50 256350005 LC-Project Fund-Toll 2 161571FK5 CHAIT 124 A 149,413.50 - (149,578.13) - - 621.74 30.22 (487.33) - - 256350005 LC-Project Fund-Toll 2 59217GAY5 METROPOLITAN LIFE GLOBAL FUNDING I 299,475.00 - - - - - 34.90 412.10 299,922.00 2,137.50 256350005 LC-Project Fund-Toll 2 74433GUD6 Prudential Funding LLC - 1,199,523.33 - - - - 36.67 32.00 1,199,592.00 - 256350005 LC-Project Fund-Toll 2 313385JH0 FEDERAL HOME LOAN BANKS - 1,399,261.11 - - - - 38.88 84.01 1,399,384.00 - 256350005 LC-Project Fund-Toll 2 04056AU34 Arizona Public Service Company - 1,199,879.00 - - - - 40.33 80.67 1,200,000.00 - 256350005 LC-Project Fund-Toll 2 912828UF5 UNITED STATES TREASURY 2,329,813.50 - (2,339,076.17) - - (8,350.12) 46.66 17,566.14 - - 256350005 LC-Project Fund-Toll 2 313385JA5 FEDERAL HOME LOAN BANKS - 1,999,346.66 - - - - 54.44 98.90 1,999,500.00 - 256350005 LC-Project Fund-Toll 2 74153WCE7 PRICOA GLOBAL FUNDING I 299,565.00 - - - - - 57.00 312.00 299,934.00 1,496.25 22 Page 10 of 28 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance STAMP Portfolio Transaction Report by Account Quarter ended June 30, 2017 256350005 LC-Project Fund-Toll 2 912828UA6 UNITED STATES TREASURY 119,719.20 - - - - - 61.38 (27.78) 119,752.80 63.52 256350005 LC-Project Fund-Toll 2 46623EKD0 JPMORGAN CHASE & CO 300,066.00 - - - - - 63.36 (24.36) 300,105.00 1,700.00 256350005 LC-Project Fund-Toll 2 22546QAM9 CREDIT SUISSE AG (NEW YORK BRANCH)255,165.75 - (255,038.25) - - 54.10 63.41 (245.01) - - 256350005 LC-Project Fund-Toll 2 38378BR35 GNR 12142 AB 304,684.92 - - - (4,286.13) 92.59 69.82 (394.68) 300,166.52 342.06 256350005 LC-Project Fund-Toll 2 36159LCR5 GEDFT 151 A 110,140.80 - - - - - 79.57 (23.47) 110,196.90 57.55 256350005 LC-Project Fund-Toll 2 912828UA6 UNITED STATES TREASURY 798,128.00 - - - - - 83.80 140.20 798,352.00 423.50 256350005 LC-Project Fund-Toll 2 912828UA6 UNITED STATES TREASURY 169,602.20 - - - - - 84.15 (36.55) 169,649.80 89.99 256350005 LC-Project Fund-Toll 2 93884ER72 Washington Gas Light Company 599,934.00 - - (600,000.00) - - 90.00 (24.00) - - 256350005 LC-Project Fund-Toll 2 06050TLY6 BANK OF AMERICA NA 300,117.00 - - - - - 92.57 (11.57) 300,198.00 1,306.25 256350005 LC-Project Fund-Toll 2 62944BBC7 BANK NEDERLANDSE GEMEENTEN NV 275,002.75 - - - - - 104.86 (110.36) 274,997.25 694.41 256350005 LC-Project Fund-Toll 2 63873JUX6 Natixis - 1,198,658.00 - - - - 122.00 68.00 1,198,848.00 - 256350005 LC-Project Fund-Toll 2 92780JUQ2 Virginia Electric and Power Company - 849,133.00 - - - - 128.44 126.56 849,388.00 - 256350005 LC-Project Fund-Toll 2 06538BR70 The Bank of Tokyo-Mitsubishi UFJ, Ltd.1,099,879.00 - - (1,100,000.00) - - 161.33 (40.33) - - 256350005 LC-Project Fund-Toll 2 3137A85H7 FHR 3820F GJ 107,172.88 - - - (8,203.38) (316.08) 170.73 233.94 99,058.09 278.97 256350005 LC-Project Fund-Toll 2 912828UA6 UNITED STATES TREASURY 374,122.50 - - - - - 180.97 (75.97) 374,227.50 198.51 256350005 LC-Project Fund-Toll 2 313385FE1 FEDERAL HOME LOAN BANKS - 949,817.13 - (950,000.00) - - 182.87 - - - 256350005 LC-Project Fund-Toll 2 55279HAH3 MANUFACTURERS AND TRADERS TRUST CO 250,185.00 - - - - - 188.20 (343.20) 250,030.00 677.55 256350005 LC-Project Fund-Toll 2 71112JRH9 The Peoples Gas Light And Coke Company - 1,299,806.81 - (1,300,000.00) - - 193.19 - - - 256350005 LC-Project Fund-Toll 2 61979JU54 Motiva Enterprises LLC - 1,199,586.00 - - - - 230.00 100.00 1,199,916.00 - 256350005 LC-Project Fund-Toll 2 313385HC3 FEDERAL HOME LOAN BANKS - 1,499,767.50 - (1,500,000.00) - - 232.50 - - - 256350005 LC-Project Fund-Toll 2 46640PTD5 J.P. Morgan Securities LLC - 1,499,731.67 - (1,500,000.00) - - 268.33 - - - 256350005 LC-Project Fund-Toll 2 912796KU2 UNITED STATES TREASURY - 1,599,715.60 - (1,600,000.00) - - 284.40 - - - 256350005 LC-Project Fund-Toll 2 30229AU56 EXXON MOBIL CORP - 1,199,572.00 - - - - 285.33 58.67 1,199,916.00 - 256350005 LC-Project Fund-Toll 2 63873JRC6 Natixis 1,099,736.00 - - (1,100,000.00) - - 285.69 (21.69) - - 256350005 LC-Project Fund-Toll 2 04056ATD4 Arizona Public Service Company - 1,499,708.34 - (1,500,000.00) - - 291.66 - - - 256350005 LC-Project Fund-Toll 2 38480JTN7 W. W. Grainger, Inc.- 1,499,693.75 - (1,500,000.00) - - 306.25 - - - 256350005 LC-Project Fund-Toll 2 14912DU31 Caterpillar Financial Services Corporation - 1,199,574.67 - - - - 348.00 77.33 1,200,000.00 - 256350005 LC-Project Fund-Toll 2 89233GU79 Toyota Motor Credit Corporation - 974,473.50 - - - - 351.00 39.00 974,863.50 - 256350005 LC-Project Fund-Toll 2 912828XJ4 UNITED STATES TREASURY - 2,999,648.44 - (3,000,000.00) - - 351.56 - - - 256350005 LC-Project Fund-Toll 2 38480JTU1 W. W. Grainger, Inc.- 1,499,640.00 - (1,500,000.00) - - 360.00 - - - 256350005 LC-Project Fund-Toll 2 459053FH2 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM - 1,424,629.50 - (1,425,000.00) - - 370.50 - - - 256350005 LC-Project Fund-Toll 2 02582JGG9 AMXCA 132 A 301,302.00 - - - - - 373.21 (454.21) 301,221.00 210.52 256350005 LC-Project Fund-Toll 2 26055ATF3 The Dow Chemical Company - 1,499,606.25 - (1,500,000.00) - - 393.75 - - - 256350005 LC-Project Fund-Toll 2 23337SS21 DTE Gas Company - 1,199,588.00 - (1,200,000.00) - - 412.00 - - - 256350005 LC-Project Fund-Toll 2 89352HAP4 TRANSCANADA PIPELINES LTD 150,694.50 - - - - - 425.03 (696.53) 150,423.00 648.56 256350005 LC-Project Fund-Toll 2 63743CUC5 National Rural Utilities Cooperative Finance Corpo - 1,199,156.66 - - - - 440.00 31.34 1,199,628.00 - 256350005 LC-Project Fund-Toll 2 09659BUJ7 BNP Paribas - 1,198,859.33 - - - - 472.00 44.67 1,199,376.00 - 256350005 LC-Project Fund-Toll 2 43357LRC8 Hitachi Capital America Corp.1,299,688.00 - - (1,300,000.00) - - 476.67 (164.67) - - 256350005 LC-Project Fund-Toll 2 87030JRH4 Aktiebolaget Svensk Exportkredit 1,299,506.00 - - (1,300,000.00) - - 520.00 (26.00) - - 256350005 LC-Project Fund-Toll 2 912828UR9 UNITED STATES TREASURY 1,700,208.95 - - - - - 529.55 (938.75) 1,699,799.75 4,274.08 256350005 LC-Project Fund-Toll 2 97684GTK9 Wisconsin Public Service Corporation - 1,499,431.25 - (1,500,000.00) - - 568.75 - - - 256350005 LC-Project Fund-Toll 2 161571HB3 CHAIT 161 A 502,760.00 - - - - - 581.50 (651.50) 502,690.00 348.64 256350005 LC-Project Fund-Toll 2 26055ATT3 The Dow Chemical Company - 1,499,405.00 - (1,500,000.00) - - 595.00 - - - 256350005 LC-Project Fund-Toll 2 46640PSK0 J.P. Morgan Securities LLC - 699,390.22 - (700,000.00) - - 609.78 - - - 256350005 LC-Project Fund-Toll 2 22533TS98 Credit Agricole Corporate and Investment Bank - 1,199,386.67 - (1,200,000.00) - - 613.33 - - - 256350005 LC-Project Fund-Toll 2 912796LE7 UNITED STATES TREASURY - 3,999,385.78 - (4,000,000.00) - - 614.22 - - - 256350005 LC-Project Fund-Toll 2 74433GSC1 Prudential Funding LLC - 1,199,384.00 - (1,200,000.00) - - 616.00 - - - 256350005 LC-Project Fund-Toll 2 912828TG5 UNITED STATES TREASURY 874,177.50 - - - - - 616.51 (47.76) 874,746.25 1,824.93 256350005 LC-Project Fund-Toll 2 313385GY6 FEDERAL HOME LOAN BANKS - 3,499,265.98 - (3,500,000.00) - - 734.02 - - - 256350005 LC-Project Fund-Toll 2 57708LTS7 Mattel, Inc.- 1,199,253.34 - (1,200,000.00) - - 746.66 - - - 256350005 LC-Project Fund-Toll 2 34108ARR0 Florida Power & Light Company 1,099,351.00 - - (1,100,000.00) - - 748.00 (99.00) - - 256350005 LC-Project Fund-Toll 2 912796KT5 UNITED STATES TREASURY 1,999,320.00 - - (2,000,000.00) - - 749.44 (69.44) - - 256350005 LC-Project Fund-Toll 2 912828TG5 UNITED STATES TREASURY 699,342.00 - - - - - 762.29 (307.29) 699,797.00 1,459.94 256350005 LC-Project Fund-Toll 2 34108AU54 Florida Power & Light Company - 1,499,041.67 - - - - 766.66 86.67 1,499,895.00 - 256350005 LC-Project Fund-Toll 2 313385EN2 FEDERAL HOME LOAN BANKS 2,074,356.75 - - (2,075,000.00) - - 767.78 (124.53) - - 256350005 LC-Project Fund-Toll 2 06538BU68 The Bank of Tokyo-Mitsubishi UFJ, Ltd.- 1,498,976.25 - - - - 780.00 93.75 1,499,850.00 - 256350005 LC-Project Fund-Toll 2 23336GSP7 DTE Electric Company - 1,399,167.00 - (1,400,000.00) - - 833.00 - - - 256350005 LC-Project Fund-Toll 2 02360RUA6 Ameren Corporation - 998,819.44 - - - - 868.06 72.50 999,760.00 - 256350005 LC-Project Fund-Toll 2 313313HM3 FEDERAL FARM CREDIT BANKS - 559,115.20 - (560,000.00) - - 884.80 - - - 256350005 LC-Project Fund-Toll 2 43357LU59 Hitachi Capital America Corp.- 998,968.89 - - - - 888.89 72.22 999,930.00 - 256350005 LC-Project Fund-Toll 2 22533TU38 Credit Agricole Corporate and Investment Bank - 1,498,950.00 - - - - 962.50 87.50 1,500,000.00 - 256350005 LC-Project Fund-Toll 2 313385HN9 FEDERAL HOME LOAN BANKS - 2,398,999.99 - (2,400,000.00) - 0.00 1,000.01 - - - 256350005 LC-Project Fund-Toll 2 912828UA6 UNITED STATES TREASURY 1,995,320.00 - - - - - 1,059.94 (499.94) 1,995,880.00 1,058.74 256350005 LC-Project Fund-Toll 2 912828TM2 UNITED STATES TREASURY - 2,497,656.25 - - - - 1,260.65 (466.90) 2,498,450.00 5,222.49 256350005 LC-Project Fund-Toll 2 313385HT6 FEDERAL HOME LOAN BANKS - 998,212.50 - - - - 1,695.76 31.74 999,940.00 - 256350005 LC-Project Fund-Toll 2 912828K33 UNITED STATES TREASURY 999,626.47 - - - - - 6,125.13 (12,357.63) 993,393.97 260.84 52,315,683.21 157,189,430.38 (92,143,201.36) (55,760,000.00) (1,684,628.56) (57,111.41) 7,598.94 63,546.32 59,931,317.51 97,552.74 256350022 LC-Sr Lien Ob Fund-1 Interest 48121CYK6 JPMORGAN CHASE BANK NA 306,285.00 - - - - - (2,552.87) (657.13) 303,075.00 4,500.00 256350022 LC-Sr Lien Ob Fund-1 Interest 02580ECC5 AMERICAN EXPRESS BANK LTD.254,965.00 - - - - - (2,336.64) (585.86) 252,042.50 4,500.00 256350022 LC-Sr Lien Ob Fund-1 Interest 38144LAB6 GOLDMAN SACHS GROUP INC 305,772.00 - - - - - (1,449.97) (2,102.03) 302,220.00 6,250.00 256350022 LC-Sr Lien Ob Fund-1 Interest 912828NW6 UNITED STATES TREASURY - 350,888.67 - - - - (346.58) (38.09) 350,504.00 2,193.44 256350022 LC-Sr Lien Ob Fund-1 Interest 89236TAY1 TOYOTA MOTOR CREDIT CORP 502,470.00 - (503,270.00) - - 741.33 (261.04) 319.71 - - 256350022 LC-Sr Lien Ob Fund-1 Interest 31393V2T7 FHR 2627E GY 50,532.34 - - - (12,378.95) (149.90) (100.39) (40.59) 37,862.51 139.09 256350022 LC-Sr Lien Ob Fund-1 Interest 166764AE0 CHEVRON CORP 300,963.00 - (300,987.00) - - 345.32 (94.16) (227.16) - - 256350022 LC-Sr Lien Ob Fund-1 Interest 78011DAC8 ROYAL BANK OF CANADA 699,867.00 - - - - - (82.80) (64.20) 699,720.00 2,380.00 256350022 LC-Sr Lien Ob Fund-1 Interest 3136A4M89 FN 12M3B 2A1 89,884.93 - (38,025.37) - (51,841.10) (10.10) (15.86) 7.51 - - 256350022 LC-Sr Lien Ob Fund-1 Interest 31385JLF3 FN 545826 7,324.86 - - - (6,871.75) (23.67) (15.25) 25.82 440.01 2.20 256350022 LC-Sr Lien Ob Fund-1 Interest 912828D98 UNITED STATES TREASURY - 275,032.23 - - - - (10.93) (62.55) 274,958.75 807.07 256350022 LC-Sr Lien Ob Fund-1 Interest 31393EXC8 FNR 0388E TH 10,115.26 - - - (2,582.12) (36.08) (10.31) (8.26) 7,478.50 27.35 256350022 LC-Sr Lien Ob Fund-1 Interest 31402RBG3 FN 735439 11,529.69 - - - (3,460.82) (109.25) (8.82) 22.47 7,973.28 38.97 256350022 LC-Sr Lien Ob Fund-1 Interest 912828WH9 UNITED STATES TREASURY - 125,004.88 - (125,000.00) - - (4.88) - - - 256350022 LC-Sr Lien Ob Fund-1 Interest 31402RBG3 FN 735439 897.25 - - - (269.32) (7.68) (0.63) 0.86 620.49 3.03 256350022 LC-Sr Lien Ob Fund-1 Interest 912828K41 UNITED STATES TREASURY 200,014.00 - - (200,000.00) - - (0.08) (13.92) - - 256350022 LC-Sr Lien Ob Fund-1 Interest 9AMMF05B2 U.S. BANK MONEY MARKET ACCOUNT FUND 57,740.33 7,704,988.38 (7,733,861.60) - - - - - 28,867.11 - 256350022 LC-Sr Lien Ob Fund-1 Interest 3135G0ZB2 FEDERAL NATIONAL MORTGAGE ASSOCIATION 324,993.50 - - (325,000.00) - - 1.88 4.62 - - 23 Page 11 of 28 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance STAMP Portfolio Transaction Report by Account Quarter ended June 30, 2017 256350022 LC-Sr Lien Ob Fund-1 Interest 14912DR35 Caterpillar Financial Services Corporation 200,000.00 - - (200,000.00) - - 12.22 (12.22) - - 256350022 LC-Sr Lien Ob Fund-1 Interest 313385JZ0 FEDERAL HOME LOAN BANKS - 149,844.29 - - - - 12.62 6.59 149,863.50 - 256350022 LC-Sr Lien Ob Fund-1 Interest 61979JR33 Motiva Enterprises LLC 200,000.00 - - (200,000.00) - - 13.33 (13.33) - - 256350022 LC-Sr Lien Ob Fund-1 Interest 30231GAL6 EXXON MOBIL CORP 419,664.00 - (420,029.40) - - 166.75 25.64 173.01 - - 256350022 LC-Sr Lien Ob Fund-1 Interest 83700ER75 South Carolina Electric & Gas Company 199,978.00 - - (200,000.00) - - 41.00 (19.00) - - 256350022 LC-Sr Lien Ob Fund-1 Interest 313385FM3 FEDERAL HOME LOAN BANKS - 174,948.96 - (175,000.00) - - 51.04 - - - 256350022 LC-Sr Lien Ob Fund-1 Interest 63873JRC6 Natixis 199,952.00 - - (200,000.00) - - 51.94 (3.94) - - 256350022 LC-Sr Lien Ob Fund-1 Interest 313385EN2 FEDERAL HOME LOAN BANKS 149,953.50 - - (150,000.00) - - 55.50 (9.00) - - 256350022 LC-Sr Lien Ob Fund-1 Interest 23337SS21 DTE Gas Company - 199,931.33 - (200,000.00) - - 68.67 - - - 256350022 LC-Sr Lien Ob Fund-1 Interest 43357LRC8 Hitachi Capital America Corp.199,952.00 - - (200,000.00) - - 73.33 (25.33) - - 256350022 LC-Sr Lien Ob Fund-1 Interest 87030JRH4 Aktiebolaget Svensk Exportkredit 199,924.00 - - (200,000.00) - - 80.00 (4.00) - - 256350022 LC-Sr Lien Ob Fund-1 Interest 912796KT5 UNITED STATES TREASURY 299,898.00 - - (300,000.00) - - 112.41 (10.41) - - 256350022 LC-Sr Lien Ob Fund-1 Interest 22533TS98 Credit Agricole Corporate and Investment Bank - 224,885.00 - (225,000.00) - - 115.00 - - - 256350022 LC-Sr Lien Ob Fund-1 Interest 46625HJL5 JPMORGAN CHASE & CO 499,845.00 - (500,075.00) - - 900.28 124.67 (794.95) - - 256350022 LC-Sr Lien Ob Fund-1 Interest 34108ARR0 Florida Power & Light Company 199,882.00 - - (200,000.00) - - 136.00 (18.00) - - 256350022 LC-Sr Lien Ob Fund-1 Interest 912828J84 UNITED STATES TREASURY 199,132.00 - - - - - 153.64 (27.64) 199,258.00 691.26 256350022 LC-Sr Lien Ob Fund-1 Interest 94974BGF1 WELLS FARGO & CO 601,266.00 - (602,610.00) - - 5,603.20 161.10 (4,420.30) - - 256350022 LC-Sr Lien Ob Fund-1 Interest 45818LFZ8 INTER-AMERICAN DEVELOPMENT BANK - 249,838.89 - (250,000.00) - - 161.11 - - - 256350022 LC-Sr Lien Ob Fund-1 Interest 912828UZ1 UNITED STATES TREASURY 198,962.00 - - - - - 162.00 (186.00) 198,938.00 210.60 256350022 LC-Sr Lien Ob Fund-1 Interest 313397FZ9 FEDERAL HOME LOAN MORTGAGE CORP - 299,837.50 - (300,000.00) - - 162.50 - - - 256350022 LC-Sr Lien Ob Fund-1 Interest 87019RS98 Swedbank AB - 199,819.17 - (200,000.00) - - 180.83 - - - 256350022 LC-Sr Lien Ob Fund-1 Interest 14912DS42 Caterpillar Financial Services Corporation - 199,816.67 - (200,000.00) - - 183.33 - - - 256350022 LC-Sr Lien Ob Fund-1 Interest 313385FS0 FEDERAL HOME LOAN BANKS - 249,812.85 - (250,000.00) - - 187.15 - - - 256350022 LC-Sr Lien Ob Fund-1 Interest 3137ASNH3 FHMS K019 A1 269,673.55 - - - (15,318.05) 217.18 192.94 1,478.78 256,244.40 313.78 256350022 LC-Sr Lien Ob Fund-1 Interest 313385FL5 FEDERAL HOME LOAN BANKS - 399,751.89 - (400,000.00) - - 248.11 - - - 256350022 LC-Sr Lien Ob Fund-1 Interest 912796JP5 UNITED STATES TREASURY 474,767.25 - - (475,000.00) - - 255.57 (22.82) - - 256350022 LC-Sr Lien Ob Fund-1 Interest 313385FZ4 FEDERAL HOME LOAN BANKS - 399,705.33 - (400,000.00) - - 294.67 - - - 256350022 LC-Sr Lien Ob Fund-1 Interest 912828UA6 UNITED STATES TREASURY 199,532.00 - - - - - 327.74 (271.74) 199,588.00 105.87 256350022 LC-Sr Lien Ob Fund-1 Interest 05565QCC0 BP CAPITAL MARKETS PLC 299,724.00 - - - - - 464.55 (257.55) 299,931.00 630.21 8,135,459.46 11,204,106.04 (10,098,858.37) (5,575,000.00) (92,722.11) 7,637.39 (3,180.69) (7,856.67) 3,569,585.05 22,792.89 256350023 LC-Sr Lien Reserve Fund-1 3138EJPZ5 FN AL2239 343,551.81 - - - (24,733.65) (1,329.03) (1,248.57) 2,685.54 318,926.10 769.40 256350023 LC-Sr Lien Reserve Fund-1 31381Q6B7 FN 468066 202,822.73 - - - (763.48) (70.36) (1,059.77) 1,723.28 202,652.40 675.27 256350023 LC-Sr Lien Reserve Fund-1 912828XB1 UNITED STATES TREASURY 1,181,904.00 - - - - - (743.04) 11,291.04 1,192,452.00 3,256.79 256350023 LC-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 739,979.10 - - - - - (657.79) 1,913.39 741,234.70 6,470.68 256350023 LC-Sr Lien Reserve Fund-1 3137B1U75 FHMS KS01 A2 383,150.20 - - - - - (655.43) 1,559.83 384,054.60 798.63 256350023 LC-Sr Lien Reserve Fund-1 31413XVG5 FN 958815 202,682.00 - - - (200,000.00) (7,618.52) (642.07) 5,578.60 - - 256350023 LC-Sr Lien Reserve Fund-1 31381T4E7 FN 470721 277,575.17 - - - (1,522.99) (62.11) (581.93) 1,784.43 277,192.56 603.11 256350023 LC-Sr Lien Reserve Fund-1 31381PEB0 FN 466430 268,969.10 - - - (1,112.33) (33.26) (578.42) 1,263.50 268,508.59 724.59 256350023 LC-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 506,835.00 - - - - - (546.15) 1,406.15 507,695.00 4,431.98 256350023 LC-Sr Lien Reserve Fund-1 912828G38 UNITED STATES TREASURY - 1,369,037.11 - - - - (456.76) (11,141.85) 1,357,438.50 3,879.42 256350023 LC-Sr Lien Reserve Fund-1 3136A7MN9 FN 12M8 A2 295,332.00 - - - - - (384.18) 6,387.18 301,335.00 587.35 256350023 LC-Sr Lien Reserve Fund-1 3137EADB2 FEDERAL HOME LOAN MORTGAGE CORP 203,616.00 - - - - - (340.30) 922.30 204,198.00 2,216.67 256350023 LC-Sr Lien Reserve Fund-1 912828RC6 UNITED STATES TREASURY 480,605.00 - (481,549.81) - - (6,561.85) (304.11) 7,810.76 - - 256350023 LC-Sr Lien Reserve Fund-1 912828VV9 UNITED STATES TREASURY 152,361.00 - - - - - (263.21) 315.71 152,413.50 1,065.39 256350023 LC-Sr Lien Reserve Fund-1 3137EADB2 FEDERAL HOME LOAN MORTGAGE CORP 203,616.00 - - - - - (259.45) 841.45 204,198.00 2,216.67 256350023 LC-Sr Lien Reserve Fund-1 3138L76A9 FN AM7164 126,305.00 - - - - - (248.74) 942.49 126,998.75 269.79 256350023 LC-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 101,367.00 - - - - - (243.56) 415.56 101,539.00 886.40 256350023 LC-Sr Lien Reserve Fund-1 912828RC6 UNITED STATES TREASURY 1,315,340.00 - (1,317,925.78) - - 7,747.80 (233.70) (4,928.33) - - 256350023 LC-Sr Lien Reserve Fund-1 3136AHAE0 FN 13M14 APT 215,650.88 - - - (847.38) (16.90) (182.19) 1,551.26 216,155.67 465.61 256350023 LC-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 146,982.15 - - - - - (173.59) 422.99 147,231.55 1,285.27 256350023 LC-Sr Lien Reserve Fund-1 38377RSZ9 GNR 10162D PQ 31,886.24 - - - (3,346.68) (144.03) (164.87) 83.02 28,313.69 103.16 256350023 LC-Sr Lien Reserve Fund-1 38380AZ34 GNR 16147C DA 174,752.79 - - - (2,496.32) (66.31) (120.34) 1,325.81 173,395.62 423.49 256350023 LC-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 116,572.05 - - - - - (105.98) 303.78 116,769.85 1,019.35 256350023 LC-Sr Lien Reserve Fund-1 38376GB33 GNR 116 BA 315,115.30 - - - (64,616.01) (1,484.12) (98.51) 0.75 248,917.41 718.55 256350023 LC-Sr Lien Reserve Fund-1 3137AUPE3 FHMS K021 A2 144,442.08 - - - - - (97.59) 855.03 145,199.52 287.52 256350023 LC-Sr Lien Reserve Fund-1 38376WA62 GNR 1015C PD 84,001.11 - - - (9,776.44) (540.40) (94.31) 52.29 73,642.24 231.73 256350023 LC-Sr Lien Reserve Fund-1 38378B6A2 GNR 1312A AB 123,653.72 - - - (722.72) 22.41 (82.45) 405.22 123,276.19 194.88 256350023 LC-Sr Lien Reserve Fund-1 912828VV9 UNITED STATES TREASURY 86,337.90 - - - - - (81.91) 111.66 86,367.65 603.72 256350023 LC-Sr Lien Reserve Fund-1 38376T5Z1 GNR 104A PD 124,635.55 - - - (6,630.68) (249.27) (79.71) (64.82) 117,611.08 287.23 256350023 LC-Sr Lien Reserve Fund-1 36202F2H8 G2 005276 232,899.86 - - - (15,098.20) (559.85) (66.74) 493.06 217,668.14 526.53 256350023 LC-Sr Lien Reserve Fund-1 38378XP62 GNR 14166 PL 369,243.66 - - - (4,932.50) (55.98) (51.72) 1,530.58 365,734.05 770.99 256350023 LC-Sr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 53,769.80 - - - (3,067.00) (90.98) (44.88) (57.62) 50,509.31 123.62 256350023 LC-Sr Lien Reserve Fund-1 3137AJMF8 FHMS K016 A2 30,869.40 - - - - - (44.63) 174.23 30,999.00 74.19 256350023 LC-Sr Lien Reserve Fund-1 38377RVK8 GNR 10166F GP 89,616.33 - - - (5,111.67) (81.71) (43.60) (197.17) 84,182.18 206.03 256350023 LC-Sr Lien Reserve Fund-1 912828B58 UNITED STATES TREASURY 50,683.50 - - - - - (42.68) 128.68 50,769.50 443.20 256350023 LC-Sr Lien Reserve Fund-1 31417YKF3 FN MA0293 109,794.11 - - - (5,450.83) (296.69) (41.81) (16.34) 103,988.43 362.68 256350023 LC-Sr Lien Reserve Fund-1 912828RC6 UNITED STATES TREASURY 202,360.00 - (202,757.81) - - 1,172.42 (36.38) (738.22) - - 256350023 LC-Sr Lien Reserve Fund-1 3136A4M48 FN 12M3A 1A1 289,408.23 - - - (13,196.54) (9.79) (30.62) 1,322.01 277,493.29 484.75 256350023 LC-Sr Lien Reserve Fund-1 38378CRT6 GNR 1213E EG 79,191.31 - - - (4,822.78) 132.34 (24.02) 218.99 74,695.84 125.35 256350023 LC-Sr Lien Reserve Fund-1 31392JJ83 FNR 0317D HC 5,889.82 - - - (2,139.31) (18.88) (8.51) (28.84) 3,694.28 15.15 256350023 LC-Sr Lien Reserve Fund-1 3138L33G8 FN AM3498 99,736.00 - - - - - (7.64) 682.64 100,411.00 167.50 256350023 LC-Sr Lien Reserve Fund-1 38378TAF7 GNR 1371A GA 188,830.41 - - - (10,756.02) 7.52 (3.22) (368.49) 177,710.20 365.64 256350023 LC-Sr Lien Reserve Fund-1 3137ATRW4 FHMS K020 A2 125,465.00 - - - - - (1.11) 534.86 125,998.75 247.19 256350023 LC-Sr Lien Reserve Fund-1 31385XBG1 FN 555439 780.85 - - - (700.08) (2.40) (0.97) 2.18 79.57 0.40 256350023 LC-Sr Lien Reserve Fund-1 9AMMF05B2 U.S. BANK MONEY MARKET ACCOUNT FUND 95,400.29 2,106,702.95 (1,296,379.07) - - - - - 905,724.17 - 256350023 LC-Sr Lien Reserve Fund-1 912828TB6 UNITED STATES TREASURY - 600,000.00 - (600,000.00) - - - - - - 256350023 LC-Sr Lien Reserve Fund-1 38378KSL4 GNR 1374 AL 214,159.50 - - - - - 2.03 1,467.22 215,628.75 524.54 256350023 LC-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 15,367.26 - - - (123.99) 2.11 2.73 31.80 15,279.91 18.56 256350023 LC-Sr Lien Reserve Fund-1 38378KXW4 GNR 13105 A 182,676.30 - - - (1,923.75) 8.52 8.96 (63.83) 180,706.20 261.58 256350023 LC-Sr Lien Reserve Fund-1 38378BX20 GNR 12132 AB 50,929.37 - - - (8,837.25) 196.81 11.14 41.10 42,341.17 44.78 256350023 LC-Sr Lien Reserve Fund-1 38378KWU9 GNR 1396 A 57,627.23 - - - (464.94) 10.85 14.11 112.41 57,299.66 69.59 256350023 LC-Sr Lien Reserve Fund-1 912828VB3 UNITED STATES TREASURY 73,374.00 - (74,390.63) - - 1,415.46 15.60 (414.44) - - 256350023 LC-Sr Lien Reserve Fund-1 38378KSL4 GNR 1374 AL 190,364.00 - - - - - 27.95 1,278.05 191,670.00 466.26 256350023 LC-Sr Lien Reserve Fund-1 38377JZ89 GNR 10117A GK 92,619.16 - - - (6,864.19) (141.85) 35.19 421.09 86,069.39 243.13 256350023 LC-Sr Lien Reserve Fund-1 38378B7F0 GNR 1333 B 192,238.00 - - - - - 46.00 596.00 192,880.00 378.83 24 Page 12 of 28 Source Account Account Identifier Description Beginning Base Market Value Base Purchases Base Sales Base Maturities and Redemptions Base Paydowns Net Total Realized Gain/Loss Base Amortization/A ccretion Base Change In Net Unrealized Gain/Loss Ending Base Market Value Ending Accrued Income Balance STAMP Portfolio Transaction Report by Account Quarter ended June 30, 2017 256350023 LC-Sr Lien Reserve Fund-1 31395EZP5 FHR 2835G MD 40,355.94 - - - (7,875.75) (153.42) 62.63 (164.62) 32,224.78 118.15 256350023 LC-Sr Lien Reserve Fund-1 3138EKXL4 FN AL3382 289,564.70 - - - (7,413.20) 79.56 63.75 4,081.12 286,375.93 555.63 256350023 LC-Sr Lien Reserve Fund-1 38379KDN5 GNR 1529 AD 172,076.99 - - - (1,361.22) 31.26 65.64 357.74 171,170.42 311.37 256350023 LC-Sr Lien Reserve Fund-1 912828UF5 UNITED STATES TREASURY 74,355.75 - - - - - 70.03 (43.78) 74,382.00 2.29 256350023 LC-Sr Lien Reserve Fund-1 313385FJ0 FEDERAL HOME LOAN BANKS - 399,881.78 - (400,000.00) - - 118.22 - - - 256350023 LC-Sr Lien Reserve Fund-1 38378KRS0 GNR 1378 AG 434,866.50 - - - - - 120.74 1,575.76 436,563.00 895.72 256350023 LC-Sr Lien Reserve Fund-1 38378B7F0 GNR 1333 B 240,297.50 - - - - - 131.61 670.89 241,100.00 473.54 256350023 LC-Sr Lien Reserve Fund-1 912828VA5 UNITED STATES TREASURY 157,974.40 - - - - - 144.26 118.14 158,236.80 303.26 256350023 LC-Sr Lien Reserve Fund-1 3137ASNH3 FHMS K019 A1 269,673.55 - - - (15,318.05) 185.89 162.58 1,540.43 256,244.40 313.78 256350023 LC-Sr Lien Reserve Fund-1 3137EADR7 FEDERAL HOME LOAN MORTGAGE CORP 471,238.00 - - - - - 173.05 430.20 471,841.25 1,088.54 256350023 LC-Sr Lien Reserve Fund-1 912828L57 UNITED STATES TREASURY - 840,968.75 - - - - 237.14 1,127.11 842,333.00 3,739.07 256350023 LC-Sr Lien Reserve Fund-1 3135G0D75 FEDERAL NATIONAL MORTGAGE ASSOCIATION 597,372.00 - - - - - 313.98 850.02 598,536.00 225.00 256350023 LC-Sr Lien Reserve Fund-1 912828V49 UNITED STATES TREASURY - 225,559.90 - - - - 320.68 (2,209.73) 223,670.84 393.98 256350023 LC-Sr Lien Reserve Fund-1 3137AUPE3 FHMS K021 A2 235,721.45 - - - - - 394.50 841.60 236,957.55 469.22 256350023 LC-Sr Lien Reserve Fund-1 912828L99 UNITED STATES TREASURY - 1,090,289.06 - - - - 400.07 290.87 1,090,980.00 2,548.23 256350023 LC-Sr Lien Reserve Fund-1 912828SA9 UNITED STATES TREASURY - 270,901.43 - - - - 414.56 (1,656.09) 269,659.90 155.74 256350023 LC-Sr Lien Reserve Fund-1 3136A72D3 FN 12M9 A2 398,002.00 - - - (13,336.14) 404.74 530.54 440.40 386,041.54 789.41 256350023 LC-Sr Lien Reserve Fund-1 912828VB3 UNITED STATES TREASURY 1,565,312.00 - (1,587,000.00) - - 59,854.80 549.20 (38,715.99) - - 256350023 LC-Sr Lien Reserve Fund-1 3137EADB2 FEDERAL HOME LOAN MORTGAGE CORP 559,944.00 - - - - - 601.03 999.47 561,544.50 6,095.83 256350023 LC-Sr Lien Reserve Fund-1 912828WU0 UNITED STATES TREASURY 217,790.68 - (218,688.68) - - 2,558.62 1,334.61 (2,995.22) - - 256350023 LC-Sr Lien Reserve Fund-1 912828K33 UNITED STATES TREASURY 394,589.40 - (272,532.57) - - (2,496.95) 1,863.59 (1,170.51) 120,252.95 31.58 17,762,469.12 6,903,340.98 (5,451,224.35) (1,000,000.00) (445,362.09) 51,746.44 (2,941.00) 9,335.74 17,827,364.84 58,903.48 256350004 LC-PF-2 Sales Tax Revenue Bond 9AMMF05B2 U.S. Bank Money Market Account Fund 3.57 - - - - - - - 3.57 - 102,850,295.94 202,493,180.34 (134,269,481.17) (74,565,000.00) (2,518,724.24) 16,659.63 797.24 45,386.53 94,053,114.27 218,135.57 25 STAMP Portfolio Summary of Investments for quarter ended June 30, 2017 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 5 26 STAMP Portfolio Series A & Series B Reserve Fund Summary of Investments for quarter ended June 30, 2017 Asset Class Security Type Market Sector Credit Rating Industry Group ATTACHMENT 6 27 STAMP Portfolio Toll Revenue Project Capitalized Interest Fund Summary of Investments for quarter ended June 30, 2017 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 7 28 STAMP Portfolio Sales Tax Revenue Capitalized Interest Fund Summary of Investments for quarter ended June 30, 2017 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 8 29 STAMP Portfolio Sales Tax Equity Fund Summary of Investments for quarter ended June 30, 2017 Credit Rating Industry Group Asset Class Security Type Market Sector ATTACHMENT 9 30 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM CUSIP Security Type Category Issuer Final Maturity Trade Date Next Call Date Original Cost Base Market Value Unrealized Gain/Loss Accrued Income Coupon Yield Credit Rating 02582JHG8 Asset-Backed AMERICAN EXPRESS 1.640% 12/15/21 12/15/2021 5/30/2017 419,932.72 419,668.20 (264.52) 306.13 1.6400 1.6402 AAA 037833AG5 Credit APPLE INC 1.42233% 5/03/18 5/3/2018 5/3/2013 250,234.74 250,527.50 292.76 520.46 1.4200 1.4193 AA+ 037833BQ2 Credit APPLE INC 1.700% 2/22/19 2/22/2019 2/23/2016 39,993.20 40,110.00 116.80 241.78 1.7000 1.6956 AA+ 037833CB4 Credit APPLE INC 1.100% 8/02/19 8/2/2019 8/4/2016 59,940.00 59,359.20 (580.80) 269.50 1.1000 1.1087 AA+ 037833CE8 Credit APPLE INC 1.550% 2/08/19 2/8/2019 2/9/2017 139,893.60 139,959.40 65.80 855.94 1.5500 1.5485 AA+ 037833CS7 Credit APPLE INC 1.800% 5/11/20 5/11/2020 5/11/2017 484,505.30 484,718.70 213.40 1,212.50 1.8000 1.7982 AA+ 05582QAD9 Asset-Backed BMW VEHICLE OWNER 1.160% 11/25/20 11/25/2020 7/20/2016 454,997.95 451,992.45 (3,005.50) 87.97 1.1600 1.1666 N/A 06406HBM0 Credit BANK NY MELLON MTN 5.450% 5/15/19 5/15/2019 5/12/2009 258,243.04 257,829.22 (413.82) 1,685.26 5.4500 5.1279 A 06406HCK3 Credit BANK OF NY MTN 1.57422% 3/06/18 3/6/2018 3/6/2013 750,354.07 751,897.50 1,543.43 819.91 1.6600 1.5709 A 084664CD1 Credit BERKSHIRE HATHAWAY 1.45567% 1/12/18 1/12/2018 1/15/2015 250,176.42 250,347.50 171.08 723.01 1.4600 1.4538 AA 084664CK5 Credit BERKSHIRE HATHAWAY 1.300% 8/15/19 8/15/2019 8/15/2016 159,844.80 158,838.40 (1,006.40) 785.78 1.3000 1.3086 AA 13063C4V9 Taxable Muni CALIFORNIA ST 1.050% 11/01/18 11/1/2018 11/3/2016 149,887.50 149,748.00 (139.50) 262.50 1.0500 1.0509 AA- 13063DAB4 Taxable Muni CALIFORNIA ST HIGH 1.593% 4/01/19 4/1/2019 4/27/2017 350,036.90 349,678.00 (358.90) 991.20 1.5900 1.5920 AA- 161571HC1 Asset-Backed CHASE ISSUANCE TRUST 1.370% 6/15/21 6/15/2021 6/17/2016 750,189.22 745,162.50 (5,026.72) 456.67 1.3700 1.3769 AAA 166764AN0 Credit CHEVRON CORP 2.193% 11/15/19 11/15/2019 11/18/2014 504,602.27 504,930.00 327.73 1,401.08 2.1900 2.1647 AA- 166764AV2 Credit CHEVRON CORP 1.365% 3/02/18 3/2/2018 3/3/2015 349,979.00 349,909.00 (70.00) 1,579.23 1.3700 1.3651 AA- 166764BA7 Credit CHEVRON CORP 1.790% 11/16/18 11/16/2018 11/17/2015 251,817.22 250,765.00 (1,052.22) 546.94 1.7900 1.7834 AA- 17275RAE2 Credit CISCO SYSTEMS INC 4.950% 2/15/19 2/15/2019 2/17/2009 379,321.20 378,759.60 (561.60) 6,732.00 4.9500 4.7152 AA- 17275RAU6 Credit CISCO SYSTEMS INC 1.650% 6/15/18 6/15/2018 6/17/2015 399,932.00 400,796.00 864.00 293.33 1.6500 1.6470 AA- 17275RBG6 Credit CISCO SYSTEMS INC 1.400% 9/20/19 9/20/2019 9/20/2016 109,877.90 109,243.20 (634.70) 432.06 1.4000 1.4065 AA- 17305EGA7 Asset-Backed CITIBANK CREDIT CARD 1.740% 1/19/21 1/19/2021 1/26/2017 479,908.08 480,614.40 706.32 3,596.00 1.7400 1.7368 AAA 17305EGB5 Asset-Backed CITIBANK CREDIT 1.920% 4/07/22 4/7/2022 4/11/2017 229,933.74 230,255.30 321.56 981.33 1.9200 1.9136 AAA 191216BT6 Credit COCA COLA CO THE 1.875% 10/27/20 10/27/2020 10/27/2015 500,220.00 499,055.00 (1,165.00) 1,666.67 1.8800 1.8691 AA- 191216BV1 Credit COCA COLA CO 1.375% 5/30/19 5/30/2019 5/31/2016 249,825.00 249,015.00 (810.00) 296.01 1.3800 1.3775 AA- 30231GAD4 Credit EXXON MOBIL CORP 1.819% 3/15/19 3/15/2019 3/20/2014 2/15/2019 100,385.00 100,395.00 10.00 535.59 1.8200 1.8115 AA+ 30231GAL6 Credit EXXON MOBIL 1.305% 3/06/18 3/6/2018 3/6/2015 460,000.00 459,719.40 (280.60) 1,917.63 1.3100 1.3061 AA+ 30231GAP7 Credit EXXON MOBIL 1.708% 3/01/19 3/1/2019 3/3/2016 40,000.00 40,087.60 87.60 227.73 1.7100 1.7056 AA+ 30231GAU6 Credit EXXON MOBIL 1.439% 3/01/18 3/1/2018 3/3/2016 40,000.00 40,007.20 7.20 191.87 1.4400 1.4379 AA+ 3130A9AE1 Agencies F H L B 0.875% 10/01/18 10/1/2018 8/26/2016 509,653.20 506,919.60 (2,733.60) 1,115.63 0.8800 0.8795 AA+ 3130AAE46 Agencies F H L B 1.250% 1/16/19 1/16/2019 12/8/2016 1,009,959.60 1,007,949.70 (2,009.90) 5,786.46 1.2500 1.2515 AA+ 3130AAXX1 Agencies F H L B DEB 1.375% 3/18/19 3/18/2019 3/10/2017 518,793.60 519,771.20 977.60 2,204.58 1.3800 1.3749 AA+ 3130ABF92 Agencies F H L B 1.375% 5/28/19 5/28/2019 5/12/2017 728,620.30 729,218.90 598.60 1,366.22 1.3800 1.3751 AA+ 3130ABMP8 Agencies F H L B DEB 1.133% 6/27/19 6/27/2019 6/27/2017 1,399,841.11 1,400,014.00 172.89 176.24 1.1300 1.1330 AA+ 3135G0E58 Agencies F N M A DEB 1.125% 10/19/18 10/19/2018 9/1/2015 529,141.40 528,351.70 (789.70) 1,192.50 1.1300 1.1272 AA+ 3135G0J53 Agencies F N M A DEB 1.000% 2/26/19 2/26/2019 2/23/2016 498,820.00 496,665.00 (2,155.00) 1,736.11 1.0000 1.0053 AA+ 3135G0K77 Agencies F N M A DEB 1.250% 6/13/19 6/13/2019 6/13/2016 9/13/2017 490,000.00 486,589.60 (3,410.40) 306.25 1.2500 1.2569 AA+ 3135G0N33 Agencies F N M A 0.875% 8/02/19 8/2/2019 8/2/2016 529,109.60 523,629.40 (5,480.20) 1,919.41 0.8800 0.8844 AA+ 3135G0P49 Agencies F N M A 1.000% 8/28/19 8/28/2019 9/2/2016 509,204.40 505,017.30 (4,187.10) 1,714.17 1.0000 1.0083 AA+ 3135G0T29 Agencies F N M A DEB 1.500% 2/28/20 2/28/2020 2/28/2017 299,808.00 299,214.00 (594.00) 1,512.50 1.5000 1.5001 AA+ 3136AMTM1 Mortgage-Backed F N M A GTD REMIC 1.186% 9/25/18 9/25/2018 3/1/2015 373,514.80 373,513.39 (1.41) 77.50 1.2400 1.2141 N/A 3137BNN26 Mortgage-Backed F H L M C MLTCL MTG 1.780% 7/25/19 7/25/2019 4/1/2016 203,913.66 202,704.25 (1,209.41) 300.55 1.7800 1.7776 N/A 3137BPCF4 Mortgage-Backed F H L M C MLTCL MTG 1.376% 10/25/20 10/25/2020 5/1/2016 355,869.43 353,573.34 (2,296.09) 81.61 1.3800 1.3842 N/A 3137EAEB1 Agencies F H L M C M T N 0.875% 7/19/19 7/19/2019 7/20/2016 350,150.58 346,816.08 (3,334.50) 1,382.06 0.8800 0.8837 AA+ 3137EAED7 Agencies F H L M C M T N 0.875% 10/12/18 10/12/2018 9/16/2016 1,509,720.70 1,500,789.00 (8,931.70) 2,899.41 0.8800 0.8795 AA+ 31846V203 FIRST AM GOVT OB FD CL Y 552,153.29 552,153.29 - 168.08 0.5990 36962G3H5 Credit GEN ELEC CAP CRP MTN 5.625% 9/15/17 9/15/2017 9/24/2007 510,910.95 504,090.00 (6,820.95) 8,281.25 5.6300 5.6052 AA- 47787XAC1 Asset-Backed JOHN DEERE OWNER 1.780% 4/15/21 4/15/2021 3/2/2017 309,955.86 310,356.50 400.64 245.24 1.7800 1.7767 N/A 532457BF4 Credit ELI LILLY CO 1.950% 3/15/19 3/15/2019 2/25/2014 528,028.75 527,325.75 (703.00) 3,014.38 1.9500 1.9347 AA- 544445AY5 Taxable Muni LOS ANGELES CA DEPT 1.750% 5/15/19 5/15/2019 12/6/2016 100,000.00 99,745.00 (255.00) 223.61 1.7500 1.7524 AA 54465AGK2 Taxable Muni LOS ANGELES CA 1.125% 9/01/19 9/1/2019 8/25/2016 266,868.00 266,268.60 (599.40) 1,012.50 1.1300 1.1386 AA 54473ERP1 Taxable Muni LOS ANGELES CNTY CA 1.507% 12/01/17 12/1/2017 9/2/2015 25,000.00 25,010.00 10.00 31.40 1.5100 1.5062 AA 54473ERQ9 Taxable Muni LOS ANGELES CNTY CA 2.036% 12/01/18 12/1/2018 9/2/2015 50,000.00 50,234.00 234.00 84.83 2.0400 2.0257 AA 58769DAD2 Asset-Backed MERCEDES BENZ AUTO 1.790% 4/15/20 4/15/2020 4/26/2017 369,991.56 370,392.20 400.64 294.36 1.7900 1.7876 AAA 589331AN7 Credit MERCK CO INC 5.000% 6/30/19 6/30/2019 6/25/2009 532,372.66 531,250.00 (1,122.66) 69.44 5.0000 4.7065 AA 594918BF0 Credit MICROSOFT CORP 1.300% 11/03/18 11/3/2018 11/3/2015 250,476.84 249,602.50 (1,313.71) 523.61 1.3000 1.3024 AAA 594918BV5 Credit MICROSOFT CORP 1.850% 2/06/20 2/6/2020 2/6/2017 499,665.00 501,275.00 1,610.00 3,725.69 1.8500 1.8435 AAA 6055806F1 Taxable Muni MISSISSIPPI ST SER D 3.381% 11/01/18 11/1/2018 11/10/2010 102,806.50 102,602.00 (204.50) 563.50 3.3800 3.2994 AA 649791EJ5 Taxable Muni NEW YORK ST REF SER 3.600% 9/01/19 9/1/2019 3/30/2011 521,530.00 519,455.00 (2,075.00) 6,000.00 3.6000 3.4675 AA+ 650119AD2 Taxable Muni NEW YORK UNIVERSITY 0.898% 7/01/17 7/1/2017 4/16/2015 200,000.00 200,000.00 - 898.00 0.9000 0.8980 N/R 650119AE0 Taxable Muni NEW YORK UNIVERSITY 1.315% 7/01/18 7/1/2018 4/16/2015 120,000.00 119,461.20 (538.80) 789.00 1.3200 1.3203 AA- 66989HAD0 Credit NOVARTIS CAPITAL 4.400% 4/24/20 4/24/2020 3/16/2010 508,373.50 507,433.00 (940.50) 3,889.72 4.4000 4.1182 AA- Payden & Rygel Operating Portfolio by Investment Category for Quarter ended June 30, 2017 ATTACHMENT 10 31 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM CUSIP Security Type Category Issuer Final Maturity Trade Date Next Call Date Original Cost Base Market Value Unrealized Gain/Loss Accrued Income Coupon Yield Credit Rating Payden & Rygel Operating Portfolio by Investment Category for Quarter ended June 30, 2017 66989HAL2 Credit NOVARTIS CAPITAL 1.800% 2/14/20 2/14/2020 2/17/2017 129,491.70 130,091.00 599.30 871.00 1.8000 1.7929 AA- 68389XAQ8 Credit ORACLE CORP 2.375% 1/15/19 1/15/2019 7/16/2013 506,672.50 505,755.00 (917.50) 5,475.69 2.3800 2.3479 AA- 702282ND2 Taxable Muni PASADENA CA UNIF 1.861% 11/01/18 11/1/2018 3/20/2014 250,907.80 251,297.50 389.70 775.42 1.8600 1.8508 A+ 717081DL4 Credit PFIZER INC 2.100% 5/15/19 5/15/2019 5/15/2014 252,179.23 252,247.50 68.27 670.83 2.1000 2.0802 AA 717081DU4 Credit PFIZER INC 1.450% 6/03/19 6/3/2019 6/3/2016 249,715.00 249,012.50 (702.50) 281.94 1.4500 1.4515 AA 80284TAF2 Asset-Backed SANTANDER DRIVE 1.770% 9/15/20 9/15/2020 2/28/2017 109,999.24 110,029.70 30.46 86.53 1.7700 1.7701 AAA 89190BAD0 Asset-Backed TOYOTA AUTO 1.760% 7/15/21 7/15/2021 5/17/2017 519,960.12 520,322.40 362.28 406.76 1.7600 1.7566 AAA 89236TAY1 Credit TOYOTA MOTOR MTN 2.000% 10/24/18 10/24/2018 10/24/2013 344,128.56 341,846.20 (2,282.36) 1,265.56 2.0000 1.9889 AA- 89236TDU6 Credit TOYOTA MOTOR MTN 1.950% 4/17/20 4/17/2020 4/17/2017 254,882.70 254,920.95 38.25 1,022.12 1.9500 1.9419 AA- 89238MAD0 Asset-Backed TOYOTA AUTO 1.730% 2/16/21 2/16/2021 3/15/2017 375,955.74 376,481.28 525.54 289.10 1.7300 1.7270 AAA 90331HMY6 Credit US BANK NA MTN 1.400% 4/26/19 4/26/2019 4/26/2016 3/26/2019 750,413.40 750,349.20 (64.20) 1,908.47 1.4000 1.4056 AA- 91159HHE3 Credit US BANCORP MTN 1.950% 11/15/18 11/15/2018 11/7/2013 10/15/2018 252,721.85 251,285.00 (1,436.85) 622.92 1.9500 1.9400 A+ 912828L40 Treasuries U S TREASURY NT 1.000% 9/15/18 9/15/2018 9/15/2015 385,866.72 383,556.25 (2,244.17) 1,129.89 1.0000 1.0026 N/A 912828N63 Treasuries U S TREASURY NT 1.125% 1/15/19 1/15/2019 1/15/2016 251,188.77 249,102.50 (2,355.98) 1,297.48 1.1300 1.1276 N/A 912828P95 Treasuries U S TREASURY NT 1.000% 3/15/19 3/15/2019 3/15/2016 2,833,840.03 2,812,425.70 (21,532.04) 8,305.43 1.0000 1.0048 N/A 912828R85 Treasuries U S TREASURY NT 0.875% 6/15/19 6/15/2019 6/15/2016 1,278,195.09 1,271,455.32 (6,739.77) 491.15 0.8800 0.8823 N/A 912828S43 Treasuries U S TREASURY NT 0.750% 7/15/19 7/15/2019 7/15/2016 3,535,162.11 3,504,098.50 (31,063.61) 12,282.80 0.7500 0.7586 N/A 912828ST8 Treasuries U S TREASURY NT 1.250% 4/30/19 4/30/2019 4/30/2012 894,282.58 892,798.30 (1,484.28) 1,884.85 1.2500 1.2515 N/A 912828T83 Treasuries U S TREASURY NT 0.750% 10/31/18 10/31/2018 10/31/2016 1,293,348.31 1,294,912.35 1,564.04 1,648.98 0.7500 0.7547 N/A 912828U40 Treasuries U S TREASURY NT 1.000% 11/30/18 11/30/2018 11/30/2016 781,755.09 781,200.60 (554.49) 664.89 1.0000 1.0036 N/A 912828W22 Treasuries U S TREASURY NT 1.375% 2/15/20 2/15/2020 2/15/2017 795,911.61 797,472.00 1,560.39 4,132.60 1.3800 1.3763 N/A 912828W63 Treasuries U S TREASURY NT 1.625% 3/15/20 3/15/2020 3/15/2017 2,831,854.41 2,841,952.28 10,097.87 13,510.64 1.6300 1.6166 N/A 912828XS4 Treasuries U S TREASURY NT 1.250% 5/31/19 5/31/2019 5/31/2017 4,395,187.50 4,389,352.00 (5,835.50) 4,658.47 1.2500 1.2516 N/A 912828XU9 Treasuries U S TREASURY NT 1.500% 6/15/20 6/15/2020 6/15/2017 1,700,228.77 1,697,603.00 (2,625.77) 1,114.75 1.5000 1.4982 N/A 91412GD36 Taxable Muni UNIV OF CA 1.169% 5/15/19 5/15/2019 4/20/2016 140,000.00 138,866.00 (1,134.00) 209.12 1.1700 1.1768 AA 91412GPZ2 Taxable Muni UNIV OF CA 1.296% 5/15/18 5/15/2018 3/14/2013 250,658.41 249,700.00 (958.41) 414.00 1.3000 1.2968 AA 91412GS71 Taxable Muni UNIVERSITY OF CA 1.610% 5/15/19 5/15/2019 5/18/2017 25,000.00 24,982.50 (17.50) 48.08 1.6100 1.6086 AA 91412GSB2 Taxable Muni UNIV CALIFORNIA CA 1.796% 7/01/19 7/1/2019 3/14/2013 226,017.00 225,821.25 (195.75) 2,020.50 1.8000 1.7878 AA 91412GWU5 Taxable Muni UNIV CALIFORNIA CA 1.418% 5/15/18 5/15/2018 3/25/2015 250,000.00 249,965.00 (35.00) 452.97 1.4200 1.4175 AA 91412GWV3 Taxable Muni UNIV OF CA 2.003% 5/15/19 5/15/2019 3/25/2015 250,000.00 251,902.50 1,902.50 639.85 2.0000 1.9867 AA 949746SP7 Credit WELLS FARGO 2.112% 2/11/22 2/11/2022 2/13/2017 2/11/2021 125,000.00 126,057.50 1,057.50 347.74 2.1100 2.0998 A 94974BFK1 Credit WELLS FARGO MTN 1.78317% 4/23/18 4/23/2018 4/23/2013 320,592.64 321,392.00 799.36 1,025.01 1.7800 1.7769 A 94988J5D5 Credit WELLS FARGO BANK MTN 1.750% 5/24/19 5/24/2019 6/2/2016 503,793.05 504,020.30 227.25 908.30 1.7500 1.7502 AA- 50,943,194.09 50,823,052.85 (120,901.73) 154,065.73 32 Page 20 of 28 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount 4/3/2017 3130A9AE1 INTEREST EARNED ON F H L B 0.875% 10/01/18 $1 PV ON 510000.0000 SHARES DUE 4/1/2017 0.0000 0.000000 - - - 2,231.25 - - - 4/3/2017 4/3/2017 4/3/2017 31846V203 PURCHASED UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y 2,231.2500 1.000000 - - - (2,231.25) 2,231.25 - - 4/3/2017 31846V203 INTEREST EARNED ON FIRST AMERICAN GOVT OBLIG FUND CL Y UNIT ON 0.0000 SHARES DUE 3/31/2017 INTEREST FROM 3/1/17 TO 3/31/17 0.0000 0.000000 - - - 108.20 - - - 4/4/2017 4/4/2017 4/4/2017 31846V203 PURCHASED UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y 108.2000 1.000000 - - - (108.20) 108.20 - - 4/6/2017 4/6/2017 4/6/2017 31846V203 PURCHASED UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y 1,500.0000 1.000000 - - - (1,500.00) 1,500.00 - - 4/6/2017 89236TCX1 INTEREST EARNED ON TOYOTA MOTOR MTN 1.200% 4/06/18 $1 PV ON 250000.0000 SHARES DUE 4/6/2017 0.0000 0.000000 - - - 1,500.00 - - - 4/11/2017 4/4/2017 4/11/2017 17305EGB5 PURCHASED PAR VALUE OF CITIBANK CREDIT 0.00001% 4/07/22 /CITIGROUP GLOBAL MARKETS INC./230,000 PAR VALUE AT 99.9711913 %230,000.0000 0.999712 - - - (229,933.74) 229,933.74 - - 4/11/2017 4/11/2017 4/11/2017 31846V203 SOLD UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y -229,933.7400 1.000000 - - - 229,933.74 (229,933.74) - - 4/12/2017 084664CD1 AMORTIZED PREMIUM ON BERKSHIRE HATHAWAY 1.31789% 1/12/18 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (57.92) - - 4/12/2017 084664CD1 INTEREST EARNED ON BERKSHIRE HATHAWAY 1.31789% 1/12/18 $1 PV ON 250000.0000 SHARES DUE 4/12/2017 0.0000 0.000000 - - - 823.68 - - - 4/12/2017 3137EAED7 INTEREST EARNED ON F H L M C M T N 0.875% 10/12/18 $1 PV ON 1510000.0000 SHARES DUE 4/12/2017 0.0000 0.000000 - - - 7,560.49 - - - 4/12/2017 4/12/2017 4/12/2017 31846V203 PURCHASED UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y 255,182.9500 1.000000 - - - (255,182.95) 255,182.95 - - 4/12/2017 4/12/2017 4/12/2017 31846V203 PURCHASED UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y 7,560.4900 1.000000 - - - (7,560.49) 7,560.49 - - 4/12/2017 4/12/2017 912828W22 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.375% 2/15/20 0.0000 0.000000 - - - 542.40 - - - 4/12/2017 4/11/2017 4/12/2017 912828W22 SOLD PAR VALUE OF U S TREASURY NT 1.375% 2/15/20 /HSBC SECURITIES, INC./255,000 PAR VALUE AT 99.85904 %-255,000.0000 0.998590 - - - 254,640.55 (253,696.83) 943.72 - 4/13/2017 4/13/2017 4/13/2017 31846V203 PURCHASED UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y 823.6800 1.000000 - - - (823.68) 823.68 - - 4/17/2017 161571HC1 AMORTIZED PREMIUM ON CHASE ISSUANCE TRUST 1.370% 6/15/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (49.17) - - 4/17/2017 161571HC1 INTEREST EARNED ON CHASE ISSUANCE TRUST 1.370% 6/15/21 $1 PV ON 856.2500 SHARES DUE 4/15/2017 $0.00114/PV ON 750,000.00 PV DUE 4/15/17 0.0000 0.000000 - - - 856.25 - - - 4/17/2017 4/17/2017 4/17/2017 31846V203 PURCHASED UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y 1,210.0700 1.000000 - - - (1,210.07) 1,210.07 - - 4/17/2017 4/17/2017 4/17/2017 31846V203 SOLD UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y -214,680.5100 1.000000 - - - 214,680.51 (214,680.51) - - 4/17/2017 80284TAF2 INTEREST EARNED ON SANTANDER DRIVE 1.770% 9/15/20 $1 PV ON 162.2500 SHARES DUE 4/15/2017 $0.00148/PV ON 110,000.00 PV DUE 4/15/17 0.0000 0.000000 - - - 162.25 - - - 4/17/2017 4/11/2017 4/17/2017 89236TDU6 PURCHASED PAR VALUE OF TOYOTA MOTOR MTN 1.950% 4/17/20 /MLPFS INC/FIXED INCOME/255,000 PAR VALUE AT 99.954 %255,000.0000 0.999540 - - - (254,882.70) 254,882.70 - - 4/17/2017 4/15/2017 4/17/2017 89237CAD3 PAID DOWN PAR VALUE OF TOYOTA AUTO RECEIV 1.270% 5/15/19 -38,514.7000 2.615552 - - - 38,514.70 (38,512.62) - 2.08 4/17/2017 89237CAD3 INTEREST EARNED ON TOYOTA AUTO RECEIV 1.270% 5/15/19 $1 PV ON 460.6600 SHARES DUE 4/15/2017 $0.00106/PV ON 435,265.62 PV DUE 4/15/17 0.0000 0.000000 - - - 460.66 - - - 4/17/2017 89237KAD5 INTEREST EARNED ON TOYOTA AUTO 1.250% 3/16/20 $1 PV ON 208.3300 SHARES DUE 4/15/2017 $0.00104/PV ON 200,000.00 PV DUE 4/15/17 0.0000 0.000000 - - - 208.33 - - - 4/17/2017 89238MAD0 INTEREST EARNED ON TOYOTA AUTO 1.730% 2/16/21 $1 PV ON 376000.0000 SHARES DUE 4/15/2017 0.0000 0.000000 - - - 542.07 - - - 4/18/2017 4/18/2017 4/18/2017 31846V203 PURCHASED UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y 283.8800 1.000000 - - - (283.88) 283.88 - - 4/19/2017 3135G0E58 INTEREST EARNED ON F N M A DEB 1.125% 10/19/18 $1 PV ON 530000.0000 SHARES DUE 4/19/2017 0.0000 0.000000 - - - 2,981.25 - - - 4/19/2017 4/19/2017 4/19/2017 31846V203 PURCHASED UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y 2,981.2500 1.000000 - - - (2,981.25) 2,981.25 - - 4/20/2017 4/20/2017 4/20/2017 31846V203 PURCHASED UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y 584.2300 1.000000 - - - (584.23) 584.23 - - 4/20/2017 36159LCN4 INTEREST EARNED ON GE DEALER FLOORPLA 1.47594% 10/20/19 $1 PV ON 584.2300 SHARES DUE 4/20/2017 $0.00123/PV ON 475,000.00 PV DUE 4/20/17 0.0000 0.000000 - - - 584.23 - - - 4/20/2017 36159LCN4 AMORTIZED PREMIUM ON GE DEALER FLOORPLA 1.47594% 10/20/19 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (6.76) - - 4/21/2017 4/21/2017 4/21/2017 31846V203 PURCHASED UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y 2.5800 1.000000 - - - (2.58) 2.58 - - 4/21/2017 47788NAC2 INTEREST EARNED ON JOHN DEERE OWNER 1.250% 6/15/20 $1 PV ON 275000.0000 SHARES DUE 4/15/2017 0.0000 0.000000 - - - 286.46 - - - 4/24/2017 4/24/2017 4/24/2017 31846V203 PURCHASED UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y 4,751.8300 1.000000 - - - (4,751.83) 4,751.83 - - 4/24/2017 4/24/2017 4/24/2017 31846V203 SOLD UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y -8.9100 1.000000 - - - 8.91 (8.91) - - 4/24/2017 47787XAC1 INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV ON 310000.0000 SHARES DUE 4/15/2017 0.0000 0.000000 - - - 659.09 - - - 4/24/2017 89236TAY1 AMORTIZED PREMIUM ON TOYOTA MOTOR MTN 2.000% 10/24/18 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (852.41) - - 4/24/2017 89236TAY1 INTEREST EARNED ON TOYOTA MOTOR MTN 2.000% 10/24/18 $1 PV ON 340000.0000 SHARES DUE 4/24/2017 0.0000 0.000000 - - - 3,400.00 - - - 4/24/2017 94974BFK1 AMORTIZED PREMIUM ON WELLS FARGO MTN 1.67122% 4/23/18 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (118.70) - - Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2017 ATTACHMENT 11 33 Page 21 of 28 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2017 4/24/2017 94974BFK1 INTEREST EARNED ON WELLS FARGO MTN 1.67122% 4/23/18 $1 PV ON 320000.0000 SHARES DUE 4/23/2017 0.0000 0.000000 - - - 1,351.83 - - - 4/25/2017 TRUST FEES COLLECTED CHARGED FOR PERIOD 03/01/2017 THRU 03/31/2017 COLLECTED BY DISBURSEMENT 0.0000 0.000000 - - - (528.34) - - - 4/25/2017 05582QAD9 INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV ON 439.8300 SHARES DUE 4/25/2017 $0.00097/PV ON 455,000.00 PV DUE 4/25/17 0.0000 0.000000 - - - 439.83 - - - 4/25/2017 4/25/2017 4/25/2017 3136AMTM1 PAID DOWN PAR VALUE OF F N M A GTD REMIC 0.980% 9/25/18 -416.9200 179.183968 - - - 416.92 (416.81) - 0.11 4/25/2017 3136AMTM1 INTEREST EARNED ON F N M A GTD REMIC 0.980% 9/25/18 $1 PV ON 346.1400 SHARES DUE 4/25/2017 $0.00084/PV ON 410,171.99 PV DUE 4/25/17 0.0000 0.000000 - - - 346.14 - - - 4/25/2017 4/25/2017 4/25/2017 3137BNN26 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.780% 7/25/19 -11,764.8500 10.138969 - - - 11,764.85 (11,846.30) - (81.45) 4/25/2017 3137BNN26 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.780% 7/25/19 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (56.20) - - 4/25/2017 3137BNN26 INTEREST EARNED ON F H L M C MLTCL MTG 1.780% 7/25/19 $1 PV ON 318.9200 SHARES DUE 4/25/2017 $0.00148/PV ON 215,000.00 PV DUE 4/25/17 0.0000 0.000000 - - - 318.92 - - - 4/25/2017 4/25/2017 4/25/2017 3137BPCF4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.376% 10/25/20 -928.9700 128.403985 - - - 928.97 (928.96) 0.01 - 4/25/2017 3137BPCF4 INTEREST EARNED ON F H L M C MLTCL MTG 1.376% 10/25/20 $1 PV ON 411.3800 SHARES DUE 4/25/2017 $0.00115/PV ON 358,761.74 PV DUE 4/25/17 0.0000 0.000000 - - - 411.38 - - - 4/25/2017 4/25/2017 4/25/2017 31846V203 PURCHASED UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y 13,658.8400 1.000000 - - - (13,658.84) 13,658.84 - - 4/25/2017 4/25/2017 4/25/2017 31846V203 PURCHASED UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y 397,082.7400 1.000000 - - - (397,082.74) 397,082.74 - - 4/25/2017 4/25/2017 89237CAD3 RECEIVED ACCRUED INTEREST ON SALE OF TOYOTA AUTO RECEIV 1.270% 5/15/19 0.0000 0.000000 - - - 139.96 - - - 4/25/2017 4/20/2017 4/25/2017 89237CAD3 SOLD PAR VALUE OF TOYOTA AUTO RECEIV 1.270% 5/15/19 /CREDIT AGRICOLE SECURITIES (US/XOTC 396,750.92 PAR VALUE AT 99.9375 %-396,750.9200 0.999375 - - - 396,502.95 (396,729.45) - (226.50) 4/26/2017 4/26/2017 4/26/2017 31846V203 SOLD UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y -369,991.5600 1.000000 - - - 369,991.56 (369,991.56) - - 4/26/2017 4/19/2017 4/26/2017 58769DAD2 PURCHASED PAR VALUE OF MERCEDES BENZ AUTO 1.790% 4/15/20 /J.P. MORGAN SECURITIES LLC/370,000 PAR VALUE AT 99.99771892 %370,000.0000 0.999977 - - - (369,991.56) 369,991.56 - - 4/27/2017 4/21/2017 4/27/2017 13063DAB4 PURCHASED PAR VALUE OF CALIFORNIA ST HIGH 1.593% 4/01/19 /J.P. MORGAN SECURITIES LLC/260,000 PAR VALUE AT 100 %260,000.0000 1.000000 - - - (260,000.00) 260,000.00 - - 4/27/2017 191216BR0 INTEREST EARNED ON COCA COLA CO THE 0.875% 10/27/17 $1 PV ON 36000.0000 SHARES DUE 4/27/2017 0.0000 0.000000 - - - 157.50 - - - 4/27/2017 4/27/2017 4/27/2017 31846V203 SOLD UNITS OF FIRST AMERICAN GOVT OBLIG FUND CL Y -259,842.5000 1.000000 - - - 259,842.50 (259,842.50) - - 5/1/2017 13063C4V9 INTEREST EARNED ON CALIFORNIA ST 1.050% 11/01/18 $1 PV ON 150000.0000 SHARES DUE 5/1/2017 0.0000 0.000000 - - - 778.75 - - - 5/1/2017 19416QDU1 INTEREST EARNED ON COLGATE PALM MTN 2.625% 5/01/17 $1 PV ON 505000.0000 SHARES DUE 5/1/2017 INTEREST ON MATURITY 5/1/17 0.0000 0.000000 - - - 6,628.13 - - - 5/1/2017 5/1/2017 5/1/2017 19416QDU1 MATURED PAR VALUE OF COLGATE PALM MTN 2.625% 5/01/17 505,000 PAR VALUE AT 100 %-505,000.0000 1.000000 - - - 505,000.00 (505,000.00) - - 5/1/2017 19416QDU1 AMORTIZED PREMIUM ON COLGATE PALM MTN 2.625% 5/01/17 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (2,870.15) - - 5/1/2017 19416QDU1 ACCREDITED DISCOUNT ON COLGATE PALM MTN 2.625% 5/01/17 CURRENT YEAR ACQ. PREMIUM OID 0.0000 0.000000 - - - - (129.81) - - 5/1/2017 19416QDU1 ACCREDITED DISCOUNT ON COLGATE PALM MTN 2.625% 5/01/17 CURRENT YEAR OID 0.0000 0.000000 - - - - 129.81 - - 5/1/2017 5/1/2017 5/1/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 6,628.1300 1.000000 - - - (6,628.13) 6,628.13 - - 5/1/2017 5/1/2017 5/1/2017 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -86,570.6600 1.000000 - - - 86,570.66 (86,570.66) - - 5/1/2017 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 4/30/2017 INTEREST FROM 4/1/17 TO 4/30/17 0.0000 0.000000 - - - 127.60 - - - 5/1/2017 5/1/2017 459200JN2 PAID ACCRUED INTEREST ON PURCHASE OF IBM CORP 1.900% 1/27/20 0.0000 0.000000 - - - (1,190.67) - - - 5/1/2017 4/26/2017 5/1/2017 459200JN2 PURCHASED PAR VALUE OF IBM CORP 1.900% 1/27/20 /MERRILL LYNCH,PIERCE,FENNER &/240,000 PAR VALUE AT 100.401 %240,000.0000 1.004010 - - - (240,962.40) 240,962.40 - - 5/1/2017 6055806F1 AMORTIZED PREMIUM ON MISSISSIPPI ST SER D 3.381% 11/01/18 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (613.88) - - 5/1/2017 6055806F1 INTEREST EARNED ON MISSISSIPPI ST SER D 3.381% 11/01/18 $1 PV ON 100000.0000 SHARES DUE 5/1/2017 0.0000 0.000000 - - - 1,690.50 - - - 5/1/2017 5/1/2017 68389XAQ8 PAID ACCRUED INTEREST ON PURCHASE OF ORACLE CORP 2.375% 1/15/19 0.0000 0.000000 - - - (1,748.26) - - - 5/1/2017 4/26/2017 5/1/2017 68389XAQ8 PURCHASED PAR VALUE OF ORACLE CORP 2.375% 1/15/19 /BNP PARIBAS SEC CORP/250,000 PAR VALUE AT 101.43 %250,000.0000 1.014300 - - - (253,575.00) 253,575.00 - - 5/1/2017 702282ND2 AMORTIZED PREMIUM ON PASADENA CA UNIF 1.861% 11/01/18 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (196.25) - - 5/1/2017 702282ND2 INTEREST EARNED ON PASADENA CA UNIF 1.861% 11/01/18 $1 PV ON 250000.0000 SHARES DUE 5/1/2017 0.0000 0.000000 - - - 2,326.25 - - - 34 Page 22 of 28 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2017 5/1/2017 5/1/2017 717081DL4 PAID ACCRUED INTEREST ON PURCHASE OF PFIZER INC 2.100% 5/15/19 0.0000 0.000000 - - - (2,420.83) - - - 5/1/2017 4/26/2017 5/1/2017 717081DL4 PURCHASED PAR VALUE OF PFIZER INC 2.100% 5/15/19 /BAIRD, ROBERT W., & COMPANY IN/250,000 PAR VALUE AT 100.888 %250,000.0000 1.008880 - - - (252,220.00) 252,220.00 - - 5/1/2017 5/1/2017 912828ST8 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.250% 4/30/19 0.0000 0.000000 - - - (11.89) - - - 5/1/2017 4/25/2017 5/1/2017 912828ST8 PURCHASED PAR VALUE OF U S TREASURY NT 1.250% 4/30/19 /BMO CAPITAL MARKETS CORP/BONDS/350,000 PAR VALUE AT 99.94100571 %350,000.0000 0.999410 - - - (349,793.52) 349,793.52 - - 5/1/2017 912828T83 INTEREST EARNED ON U S TREASURY NT 0.750% 10/31/18 $1 PV ON 1305000.0000 SHARES DUE 4/30/2017 0.0000 0.000000 - - - 4,893.75 - - - 5/1/2017 5/1/2017 912828W22 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.375% 2/15/20 0.0000 0.000000 - - - 1,424.38 - - - 5/1/2017 4/26/2017 5/1/2017 912828W22 SOLD PAR VALUE OF U S TREASURY NT 1.375% 2/15/20 /GOLDMAN, SACHS & CO./XOTC 500,000 PAR VALUE AT 99.847656 %-500,000.0000 0.998477 - - - 499,238.28 (497,444.76) 1,793.52 - 5/2/2017 5/2/2017 5/2/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 127.6000 1.000000 - - - (127.60) 127.60 - - 5/3/2017 037833AG5 AMORTIZED PREMIUM ON APPLE INC 1.27029% 5/03/18 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (58.15) - - 5/3/2017 037833AG5 INTEREST EARNED ON APPLE INC 1.27029% 5/03/18 $1 PV ON 250000.0000 SHARES DUE 5/3/2017 0.0000 0.000000 - - - 793.93 - - - 5/3/2017 5/3/2017 5/3/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 219,603.4600 1.000000 - - - (219,603.46) 219,603.46 - - 5/3/2017 594918BF0 AMORTIZED PREMIUM ON MICROSOFT CORP 1.300% 11/03/18 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (151.91) - - 5/3/2017 594918BF0 INTEREST EARNED ON MICROSOFT CORP 1.300% 11/03/18 $1 PV ON 250000.0000 SHARES DUE 5/3/2017 0.0000 0.000000 - - - 1,625.00 - - - 5/3/2017 5/3/2017 912828R51 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 0.875% 5/31/18 0.0000 0.000000 - - - 803.32 - - - 5/3/2017 5/2/2017 5/3/2017 912828R51 SOLD PAR VALUE OF U S TREASURY NT 0.875% 5/31/18 /RBC CAPITAL MARKETS, LLC/217,000 PAR VALUE AT 99.714844 %-217,000.0000 0.997148 - - - 216,381.21 (216,806.93) (425.72) - 5/4/2017 5/4/2017 5/4/2017 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -252,193.5400 1.000000 - - - 252,193.54 (252,193.54) - - 5/4/2017 5/4/2017 532457BF4 PAID ACCRUED INTEREST ON PURCHASE OF ELI LILLY CO 1.950% 3/15/19 0.0000 0.000000 - - - (663.54) - - - 5/4/2017 5/1/2017 5/4/2017 532457BF4 PURCHASED PAR VALUE OF ELI LILLY CO 1.950% 3/15/19 /WELLS FARGO SECURITIES, LLC/250,000 PAR VALUE AT 100.612 %250,000.0000 1.006120 - - - (251,530.00) 251,530.00 - - 5/8/2017 5/8/2017 5/8/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 800,495.1900 1.000000 - - - (800,495.19) 800,495.19 - - 5/8/2017 5/8/2017 912828R51 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 0.875% 5/31/18 0.0000 0.000000 - - - 3,057.69 - - - 5/8/2017 5/5/2017 5/8/2017 912828R51 SOLD PAR VALUE OF U S TREASURY NT 0.875% 5/31/18 /MLPFS INC/FIXED INCOME/XOTC 800,000 PAR VALUE AT 99.679688 %-800,000.0000 0.996797 - - - 797,437.50 (799,288.21) (1,850.71) - 5/9/2017 5/9/2017 5/9/2017 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -724,476.5800 1.000000 - - - 724,476.58 (724,476.58) - - 5/9/2017 5/9/2017 90331HMY6 PAID ACCRUED INTEREST ON PURCHASE OF US BANK NA MTN 1.400% 4/26/19 0.0000 0.000000 - - - (252.78) - - - 5/9/2017 5/8/2017 5/9/2017 90331HMY6 PURCHASED PAR VALUE OF US BANK NA MTN 1.400% 4/26/19 /PERSHING LLC/500,000 PAR VALUE AT 99.354 %500,000.0000 0.993540 - - - (496,770.00) 496,770.00 - - 5/9/2017 5/9/2017 91412GSB2 PAID ACCRUED INTEREST ON PURCHASE OF UNIV CALIFORNIA CA 1.796% 7/01/19 0.0000 0.000000 - - - (1,436.80) - - - 5/9/2017 5/4/2017 5/9/2017 91412GSB2 PURCHASED PAR VALUE OF UNIV CALIFORNIA CA 1.796% 7/01/19 /JEFFERIES LLC/225,000 PAR VALUE AT 100.452 %225,000.0000 1.004520 - - - (226,017.00) 226,017.00 - - 5/11/2017 5/4/2017 5/11/2017 037833CS7 PURCHASED PAR VALUE OF APPLE INC 1.800% 5/11/20 /GOLDMAN, SACHS & CO./485,000 PAR VALUE AT 99.898 %485,000.0000 0.998980 - - - (484,505.30) 484,505.30 - - 5/11/2017 5/11/2017 166764AN0 PAID ACCRUED INTEREST ON PURCHASE OF CHEVRON CORP 2.193% 11/15/19 0.0000 0.000000 - - - (1,340.17) - - - 5/11/2017 5/8/2017 5/11/2017 166764AN0 PURCHASED PAR VALUE OF CHEVRON CORP 2.193% 11/15/19 /PERSHING LLC/125,000 PAR VALUE AT 100.811 %125,000.0000 1.008110 - - - (126,013.75) 126,013.75 - - 5/11/2017 5/11/2017 166764AV2 RECEIVED ACCRUED INTEREST ON SALE OF CHEVRON CORP 1.365% 3/02/18 0.0000 0.000000 - - - 392.44 - - - 5/11/2017 5/8/2017 5/11/2017 166764AV2 SOLD PAR VALUE OF CHEVRON CORP 1.365% 3/02/18 /BARCLAYS CAPITAL INC. FIXED IN/150,000 PAR VALUE AT 99.979 %-150,000.0000 0.999790 - - - 149,968.50 (149,991.00) - (22.50) 5/11/2017 5/11/2017 30231GAD4 PAID ACCRUED INTEREST ON PURCHASE OF EXXON MOBIL CORP 1.819% 3/15/19 0.0000 0.000000 - - - (282.96) - - - 5/11/2017 5/8/2017 5/11/2017 30231GAD4 PURCHASED PAR VALUE OF EXXON MOBIL CORP 1.819% 3/15/19 /GOLDMAN, SACHS & CO./100,000 PAR VALUE AT 100.385 %100,000.0000 1.003850 - - - (100,385.00) 100,385.00 - - 5/11/2017 5/11/2017 5/11/2017 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -103,317.0700 1.000000 - - - 103,317.07 (103,317.07) - - 5/11/2017 5/11/2017 459200JN2 RECEIVED ACCRUED INTEREST ON SALE OF IBM CORP 1.900% 1/27/20 0.0000 0.000000 - - - 1,317.33 - - - 5/11/2017 5/8/2017 5/11/2017 459200JN2 SOLD PAR VALUE OF IBM CORP 1.900% 1/27/20 /GOLDMAN, SACHS & CO./XOTC 240,000 PAR VALUE AT 100.252 %-240,000.0000 1.002520 - - - 240,604.80 (240,953.08) (348.28) - 5/11/2017 459200JN2 AMORTIZED PREMIUM ON IBM CORP 1.900% 1/27/20 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (9.32) - - 35 Page 23 of 28 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2017 5/11/2017 5/11/2017 90331HMQ3 RECEIVED ACCRUED INTEREST ON SALE OF US BANK NA MTN 1.350% 1/26/18 0.0000 0.000000 - - - 1,968.75 - - - 5/11/2017 5/8/2017 5/11/2017 90331HMQ3 SOLD PAR VALUE OF US BANK NA MTN 1.350% 1/26/18 /US BANCORP INVESTMENTS INC./XOTC 500,000 PAR VALUE AT 99.981 %-500,000.0000 0.999810 - - - 499,905.00 (500,216.98) - (311.98) 5/11/2017 90331HMQ3 AMORTIZED PREMIUM ON US BANK NA MTN 1.350% 1/26/18 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (103.36) - - 5/11/2017 949746SP7 INTEREST EARNED ON WELLS FARGO 1.96372% 2/11/22 $1 PV ON 125000.0000 SHARES DUE 5/11/2017 0.0000 0.000000 - - - 593.21 - - - 5/11/2017 5/11/2017 94988J5D5 PAID ACCRUED INTEREST ON PURCHASE OF WELLS FARGO BANK MTN 1.750% 5/24/19 0.0000 0.000000 - - - (4,099.62) - - - 5/11/2017 5/8/2017 5/11/2017 94988J5D5 PURCHASED PAR VALUE OF WELLS FARGO BANK MTN 1.750% 5/24/19 /BANK OF NEW YORK/505,000 PAR VALUE AT 99.761 %505,000.0000 0.997610 - - - (503,793.05) 503,793.05 - - 5/12/2017 5/12/2017 5/12/2017 037833BB5 MATURED PAR VALUE OF APPLE INC 0.900% 5/12/17 120,000 PAR VALUE AT 100 %-120,000.0000 1.000000 - - - 120,000.00 (119,917.20) - 82.80 5/12/2017 037833BB5 INTEREST EARNED ON APPLE INC 0.900% 5/12/17 $1 PV ON 120000.0000 SHARES DUE 5/12/2017 INTEREST ON MATURITY 5/12/17 0.0000 0.000000 - - - 537.00 - - - 5/12/2017 5/11/2017 5/12/2017 3130ABF92 PURCHASED PAR VALUE OF F H L B 1.375% 5/28/19 /MLPFS INC/FIXED INCOME/730,000 PAR VALUE AT 99.811 %730,000.0000 0.998110 - - - (728,620.30) 728,620.30 - - 5/12/2017 5/12/2017 5/12/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 382,424.2700 1.000000 - - - (382,424.27) 382,424.27 - - 5/12/2017 912828N63 AMORTIZED PREMIUM ON U S TREASURY NT 1.125% 1/15/19 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (875.62) - - 5/12/2017 5/12/2017 912828N63 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.125% 1/15/19 0.0000 0.000000 - - - 2,581.87 - - - 5/12/2017 5/11/2017 5/12/2017 912828N63 SOLD PAR VALUE OF U S TREASURY NT 1.125% 1/15/19 /GOLDMAN, SACHS & CO./710,000 PAR VALUE AT 99.687165 %-710,000.0000 0.996872 - - - 707,778.87 (714,142.10) (6,363.23) - 5/12/2017 5/11/2017 94974BFW5 RECEIVED ACCRUED INTEREST ON SALE OF WELLS FARGO COM MTN 1.150% 6/02/17 0.0000 0.000000 - - - 2,539.58 - - - 5/12/2017 5/8/2017 5/11/2017 94974BFW5 SOLD PAR VALUE OF WELLS FARGO COM MTN 1.150% 6/02/17 /BANK OF NEW YORK/500,000 PAR VALUE AT 99.992 %-500,000.0000 0.999920 - - - 499,960.00 (500,012.21) - (52.21) 5/12/2017 94974BFW5 AMORTIZED PREMIUM ON WELLS FARGO COM MTN 1.150% 6/02/17 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (84.61) - - 5/15/2017 161571HC1 AMORTIZED PREMIUM ON CHASE ISSUANCE TRUST 1.370% 6/15/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (40.34) - - 5/15/2017 161571HC1 INTEREST EARNED ON CHASE ISSUANCE TRUST 1.370% 6/15/21 $1 PV ON 856.2500 SHARES DUE 5/15/2017 $0.00114/PV ON 750,000.00 PV DUE 5/15/17 0.0000 0.000000 - - - 856.25 - - - 5/15/2017 166764AN0 AMORTIZED PREMIUM ON CHEVRON CORP 2.193% 11/15/19 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (3.98) - - 5/15/2017 166764AN0 INTEREST EARNED ON CHEVRON CORP 2.193% 11/15/19 $1 PV ON 125000.0000 SHARES DUE 5/15/2017 0.0000 0.000000 - - - 1,370.63 - - - 5/15/2017 5/15/2017 5/15/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 741,265.9600 1.000000 - - - (741,265.96) 741,265.96 - - 5/15/2017 5/15/2017 5/15/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,005.9100 1.000000 - - - (2,005.91) 2,005.91 - - 5/15/2017 5/15/2017 36159LCN4 RECEIVED ACCRUED INTEREST ON SALE OF GE DEALER FLOORPLA 1.47594% 10/20/19 0.0000 0.000000 - - - 475.92 - - - 5/15/2017 5/10/2017 5/15/2017 36159LCN4 SOLD PAR VALUE OF GE DEALER FLOORPLA 1.47594% 10/20/19 /BARCLAYS CAPITAL INC. FIXED IN/475,000 PAR VALUE AT 100.058594 %-475,000.0000 1.000586 - - - 475,278.32 (475,143.31) - 135.01 5/15/2017 36159LCN4 AMORTIZED PREMIUM ON GE DEALER FLOORPLA 1.47594% 10/20/19 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (5.34) - - 5/15/2017 47787XAC1 INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV ON 310000.0000 SHARES DUE 5/15/2017 0.0000 0.000000 - - - 459.83 - - - 5/15/2017 544445AY5 INTEREST EARNED ON LOS ANGELES CA DEPT 1.750% 5/15/19 $1 PV ON 100000.0000 SHARES DUE 5/15/2017 0.0000 0.000000 - - - 772.92 - - - 5/15/2017 58769DAD2 INTEREST EARNED ON MERCEDES BENZ AUTO 1.790% 4/15/20 $1 PV ON 349.5500 SHARES DUE 5/15/2017 $0.00094/PV ON 370,000.00 PV DUE 5/15/17 0.0000 0.000000 - - - 349.55 - - - 5/15/2017 717081DL4 AMORTIZED PREMIUM ON PFIZER INC 2.100% 5/15/19 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (40.77) - - 5/15/2017 717081DL4 INTEREST EARNED ON PFIZER INC 2.100% 5/15/19 $1 PV ON 250000.0000 SHARES DUE 5/15/2017 0.0000 0.000000 - - - 2,625.00 - - - 5/15/2017 717081DP5 INTEREST EARNED ON PFIZER INC 1.189% 5/15/17 $1 PV ON 250000.0000 SHARES DUE 5/15/2017 0.0000 0.000000 - - - 734.87 - - - 5/15/2017 5/15/2017 5/15/2017 717081DP5 MATURED PAR VALUE OF PFIZER INC 1.189% 5/15/17 250,000 PAR VALUE AT 100 %-250,000.0000 1.000000 - - - 250,000.00 (250,000.00) - - 5/15/2017 717081DP5 AMORTIZED PREMIUM ON PFIZER INC 1.189% 5/15/17 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (2.29) - - 5/15/2017 80284TAF2 INTEREST EARNED ON SANTANDER DRIVE 1.770% 9/15/20 $1 PV ON 110000.0000 SHARES DUE 5/15/2017 0.0000 0.000000 - - - 162.25 - - - 36 Page 24 of 28 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2017 5/15/2017 89237KAD5 INTEREST EARNED ON TOYOTA AUTO 1.250% 3/16/20 $1 PV ON 208.3300 SHARES DUE 5/15/2017 $0.00104/PV ON 200,000.00 PV DUE 5/15/17 0.0000 0.000000 - - - 208.33 - - - 5/15/2017 89238MAD0 INTEREST EARNED ON TOYOTA AUTO 1.730% 2/16/21 $1 PV ON 542.0700 SHARES DUE 5/15/2017 $0.00144/PV ON 376,000.00 PV DUE 5/15/17 0.0000 0.000000 - - - 542.07 - - - 5/15/2017 91159HHE3 AMORTIZED PREMIUM ON US BANCORP MTN 1.950% 11/15/18 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (706.09) - - 5/15/2017 91159HHE3 INTEREST EARNED ON US BANCORP MTN 1.950% 11/15/18 $1 PV ON 250000.0000 SHARES DUE 5/15/2017 0.0000 0.000000 - - - 2,437.50 - - - 5/15/2017 91412GD36 INTEREST EARNED ON UNIV OF CA 1.169% 5/15/19 $1 PV ON 140000.0000 SHARES DUE 5/15/2017 0.0000 0.000000 - - - 818.30 - - - 5/15/2017 91412GPZ2 AMORTIZED PREMIUM ON UNIV OF CA 1.296% 5/15/18 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (242.55) - - 5/15/2017 91412GPZ2 INTEREST EARNED ON UNIV OF CA 1.296% 5/15/18 $1 PV ON 250000.0000 SHARES DUE 5/15/2017 0.0000 0.000000 - - - 1,620.00 - - - 5/15/2017 91412GWU5 INTEREST EARNED ON UNIV CALIFORNIA CA 1.418% 5/15/18 $1 PV ON 250000.0000 SHARES DUE 5/15/2017 0.0000 0.000000 - - - 1,772.50 - - - 5/15/2017 91412GWV3 INTEREST EARNED ON UNIV OF CA 2.003% 5/15/19 $1 PV ON 250000.0000 SHARES DUE 5/15/2017 0.0000 0.000000 - - - 2,503.75 - - - 5/16/2017 5/16/2017 13063DAB4 PAID ACCRUED INTEREST ON PURCHASE OF CALIFORNIA ST HIGH 1.593% 4/01/19 0.0000 0.000000 - - - (75.67) - - - 5/16/2017 5/11/2017 5/16/2017 13063DAB4 PURCHASED PAR VALUE OF CALIFORNIA ST HIGH 1.593% 4/01/19 /JANNEY MONTGOMERY SCOTT INC./90,000 PAR VALUE AT 100.041 %90,000.0000 1.000410 - - - (90,036.90) 90,036.90 - - 5/16/2017 166764BA7 AMORTIZED PREMIUM ON CHEVRON CORP 1.790% 11/16/18 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (447.51) - - 5/16/2017 166764BA7 INTEREST EARNED ON CHEVRON CORP 1.790% 11/16/18 $1 PV ON 250000.0000 SHARES DUE 5/16/2017 0.0000 0.000000 - - - 2,237.50 - - - 5/16/2017 5/16/2017 5/16/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 548,100.0000 1.000000 - - - (548,100.00) 548,100.00 - - 5/16/2017 5/16/2017 5/16/2017 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -634,897.8300 1.000000 - - - 634,897.83 (634,897.83) - - 5/16/2017 5/16/2017 912828ST8 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.250% 4/30/19 0.0000 0.000000 - - - (296.20) - - - 5/16/2017 5/15/2017 5/16/2017 912828ST8 PURCHASED PAR VALUE OF U S TREASURY NT 1.250% 4/30/19 /MLPFS INC/FIXED INCOME/545,000 PAR VALUE AT 99.90624954 %545,000.0000 0.999063 - - - (544,489.06) 544,489.06 - - 5/16/2017 5/16/2017 912828W22 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.375% 2/15/20 0.0000 0.000000 - - - 1,863.09 - - - 5/16/2017 5/15/2017 5/16/2017 912828W22 SOLD PAR VALUE OF U S TREASURY NT 1.375% 2/15/20 /MLPFS INC/FIXED INCOME/XOTC 545,000 PAR VALUE AT 99.816406 %-545,000.0000 0.998164 - - - 543,999.41 (542,214.78) 1,784.63 - 5/17/2017 5/17/2017 5/17/2017 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -519,960.1200 1.000000 - - - 519,960.12 (519,960.12) - - 5/17/2017 5/9/2017 5/17/2017 89190BAD0 PURCHASED PAR VALUE OF TOYOTA AUTO 1.760% 7/15/21 /SG AMERICAS SECURITIES, LLC/520,000 PAR VALUE AT 99.99233077 %520,000.0000 0.999923 - - - (519,960.12) 519,960.12 - - 5/18/2017 5/18/2017 5/18/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2.5800 1.000000 - - - (2.58) 2.58 - - 5/18/2017 5/18/2017 5/18/2017 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -25,000.0000 1.000000 - - - 25,000.00 (25,000.00) - - 5/18/2017 47788NAC2 INTEREST EARNED ON JOHN DEERE OWNER 1.250% 6/15/20 $1 PV ON 275000.0000 SHARES DUE 5/15/2017 0.0000 0.000000 - - - 286.46 - - - 5/18/2017 5/5/2017 5/18/2017 91412GS71 PURCHASED PAR VALUE OF UNIVERSITY OF CA 1.610% 5/15/19 /JEFFERIES LLC/25,000 PAR VALUE AT 100 %25,000.0000 1.000000 - - - (25,000.00) 25,000.00 - - 5/24/2017 5/24/2017 5/24/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 4,418.7500 1.000000 - - - (4,418.75) 4,418.75 - - 5/24/2017 94988J5D5 INTEREST EARNED ON WELLS FARGO BANK MTN 1.750% 5/24/19 $1 PV ON 505000.0000 SHARES DUE 5/24/2017 0.0000 0.000000 - - - 4,418.75 - - - 5/25/2017 TRUST FEES COLLECTED CHARGED FOR PERIOD 04/01/2017 THRU 04/30/2017 COLLECTED BY DISBURSEMENT 0.0000 0.000000 - - - (528.80) - - - 5/25/2017 05582QAD9 INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV ON 439.8300 SHARES DUE 5/25/2017 $0.00097/PV ON 455,000.00 PV DUE 5/25/17 0.0000 0.000000 - - - 439.83 - - - 5/25/2017 5/25/2017 5/25/2017 3136AMTM1 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.186% 9/25/18 -35,770.8800 0.000000 - - - 35,770.88 (35,761.71) - 9.17 5/25/2017 3136AMTM1 INTEREST EARNED ON F N M A GTD REMIC 1.186% 9/25/18 $1 PV ON 405.0100 SHARES DUE 5/25/2017 $0.00099/PV ON 409,755.07 PV DUE 5/25/17 0.0000 0.000000 - - - 405.01 - - - 5/25/2017 5/25/2017 5/25/2017 3137BNN26 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.780% 7/25/19 -325.7100 677.718123 - - - 325.71 (327.88) - (2.17) 5/25/2017 3137BNN26 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.780% 7/25/19 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (51.42) - - 5/25/2017 3137BNN26 INTEREST EARNED ON F H L M C MLTCL MTG 1.780% 7/25/19 $1 PV ON 301.4700 SHARES DUE 5/25/2017 $0.00148/PV ON 203,235.15 PV DUE 5/25/17 0.0000 0.000000 - - - 301.47 - - - 5/25/2017 5/25/2017 5/25/2017 3137BPCF4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.376% 10/25/20 -1,023.7000 215.629159 - - - 1,023.70 (1,023.69) - 0.01 5/25/2017 3137BPCF4 INTEREST EARNED ON F H L M C MLTCL MTG 1.376% 10/25/20 $1 PV ON 410.3100 SHARES DUE 5/25/2017 $0.00115/PV ON 357,832.77 PV DUE 5/25/17 0.0000 0.000000 - - - 410.31 - - - 37 Page 25 of 28 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2017 5/25/2017 5/25/2017 5/25/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 38,676.9100 1.000000 - - - (38,676.91) 38,676.91 - - 5/25/2017 5/25/2017 5/25/2017 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -528.8000 1.000000 - - - 528.80 (528.80) - - 5/26/2017 5/26/2017 5/26/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 472,845.4900 1.000000 - - - (472,845.49) 472,845.49 - - 5/26/2017 5/26/2017 47788NAC2 RECEIVED ACCRUED INTEREST ON SALE OF JOHN DEERE OWNER 1.250% 6/15/20 0.0000 0.000000 - - - 105.03 - - - 5/26/2017 5/23/2017 5/26/2017 47788NAC2 SOLD PAR VALUE OF JOHN DEERE OWNER 1.250% 6/15/20 /CITIGROUP GLOBAL MARKETS INC./XOTC 275,000 PAR VALUE AT 99.3125 %-275,000.0000 0.993125 - - - 273,109.38 (274,978.11) (1,868.73) - 5/26/2017 5/26/2017 89237KAD5 RECEIVED ACCRUED INTEREST ON SALE OF TOYOTA AUTO 1.250% 3/16/20 0.0000 0.000000 - - - 76.39 - - - 5/26/2017 5/23/2017 5/26/2017 89237KAD5 SOLD PAR VALUE OF TOYOTA AUTO 1.250% 3/16/20 /TORONTO DOMINION SECURITIES (U/200,000 PAR VALUE AT 99.777345 %-200,000.0000 0.997773 - - - 199,554.69 (199,988.66) - (433.97) 5/30/2017 5/22/2017 5/30/2017 02582JHG8 PURCHASED PAR VALUE OF AMERICAN EXPRESS 1.650% 12/15/21 /RBC CAPITAL MARKETS, LLC/420,000 PAR VALUE AT 99.98398095 %420,000.0000 0.999840 - - - (419,932.72) 419,932.72 - - 5/30/2017 191216BV1 INTEREST EARNED ON COCA COLA CO 1.375% 5/30/19 $1 PV ON 250000.0000 SHARES DUE 5/30/2017 0.0000 0.000000 - - - 1,718.75 - - - 5/30/2017 5/30/2017 5/30/2017 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -418,213.9700 1.000000 - - - 418,213.97 (418,213.97) - - 5/31/2017 5/31/2017 5/31/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 15,737.5000 1.000000 - - - (15,737.50) 15,737.50 - - 5/31/2017 912828R51 INTEREST EARNED ON U S TREASURY NT 0.875% 5/31/18 $1 PV ON 2700000.0000 SHARES DUE 5/31/2017 0.0000 0.000000 - - - 11,812.50 - - - 5/31/2017 912828U40 INTEREST EARNED ON U S TREASURY NT 1.000% 11/30/18 $1 PV ON 785000.0000 SHARES DUE 5/31/2017 0.0000 0.000000 - - - 3,925.00 - - - 6/1/2017 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 5/31/2017 INTEREST FROM 5/1/17 TO 5/31/17 0.0000 0.000000 - - - 152.08 - - - 6/1/2017 6/1/2017 6/1/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 697.3800 1.000000 - - - (697.38) 697.38 - - 6/1/2017 54473ERP1 INTEREST EARNED ON LOS ANGELES CNTY CA 1.507% 12/01/17 $1 PV ON 25000.0000 SHARES DUE 6/1/2017 0.0000 0.000000 - - - 188.38 - - - 6/1/2017 54473ERQ9 INTEREST EARNED ON LOS ANGELES CNTY CA 2.036% 12/01/18 $1 PV ON 50000.0000 SHARES DUE 6/1/2017 0.0000 0.000000 - - - 509.00 - - - 6/2/2017 6/2/2017 6/2/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 152.0800 1.000000 - - - (152.08) 152.08 - - 6/5/2017 6/5/2017 6/5/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,812.5000 1.000000 - - - (1,812.50) 1,812.50 - - 6/5/2017 717081DU4 INTEREST EARNED ON PFIZER INC 1.450% 6/03/19 $1 PV ON 250000.0000 SHARES DUE 6/3/2017 0.0000 0.000000 - - - 1,812.50 - - - 6/6/2017 06406HCK3 AMORTIZED PREMIUM ON BANK OF NY MTN 1.57422% 3/06/18 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (116.71) - - 6/6/2017 06406HCK3 INTEREST EARNED ON BANK OF NY MTN 1.57422% 3/06/18 $1 PV ON 750000.0000 SHARES DUE 6/6/2017 0.0000 0.000000 - - - 2,951.67 - - - 6/6/2017 6/6/2017 6/6/2017 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -523,328.3300 1.000000 - - - 523,328.33 (523,328.33) - - 6/6/2017 6/6/2017 649791EJ5 PAID ACCRUED INTEREST ON PURCHASE OF NEW YORK ST REF SER 3.600% 9/01/19 0.0000 0.000000 - - - (4,750.00) - - - 6/6/2017 6/1/2017 6/6/2017 649791EJ5 PURCHASED PAR VALUE OF NEW YORK ST REF SER 3.600% 9/01/19 /HILLTOP SECURITIES INC./500,000 PAR VALUE AT 104.306 %500,000.0000 1.043060 - - - (521,530.00) 521,530.00 - - 6/9/2017 6/9/2017 6/9/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 35,299.2300 1.000000 - - - (35,299.23) 35,299.23 - - 6/9/2017 6/9/2017 912828N22 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.250% 12/15/18 0.0000 0.000000 - - - 7,434.07 - - - 6/9/2017 6/7/2017 6/9/2017 912828N22 SOLD PAR VALUE OF U S TREASURY NT 1.250% 12/15/18 /CITIGROUP GLOBAL MARKETS INC./XOTC 1,230,000 PAR VALUE AT 99.972656 %-1,230,000.0000 0.999727 - - - 1,229,663.67 (1,240,826.45) (11,162.78) - 6/9/2017 912828N22 AMORTIZED PREMIUM ON U S TREASURY NT 1.250% 12/15/18 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (3,097.74) - - 6/9/2017 6/9/2017 912828U99 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.250% 12/31/18 0.0000 0.000000 - - - 25,082.87 - - - 6/9/2017 6/7/2017 6/9/2017 912828U99 SOLD PAR VALUE OF U S TREASURY NT 1.250% 12/31/18 /CITIGROUP GLOBAL MARKETS INC./XOTC 4,540,000 PAR VALUE AT 99.96875 %-4,540,000.0000 0.999688 - - - 4,538,581.25 (4,542,389.47) (3,808.22) - 6/9/2017 912828U99 AMORTIZED PREMIUM ON U S TREASURY NT 1.250% 12/31/18 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (448.03) - - 6/9/2017 6/9/2017 912828XS4 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.250% 5/31/19 0.0000 0.000000 - - - (1,773.57) - - - 6/9/2017 6/7/2017 6/9/2017 912828XS4 PURCHASED PAR VALUE OF U S TREASURY NT 1.250% 5/31/19 /CITIGROUP GLOBAL MARKETS INC./5,770,000 PAR VALUE AT 99.89062496 %5,770,000.0000 0.998906 - - - (5,763,689.06) 5,763,689.06 - - 6/13/2017 3135G0K77 INTEREST EARNED ON F N M A DEB 1.250% 6/13/19 $1 PV ON 490000.0000 SHARES DUE 6/13/2017 0.0000 0.000000 - - - 3,062.50 - - - 6/13/2017 6/13/2017 6/13/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,062.5000 1.000000 - - - (3,062.50) 3,062.50 - - 6/14/2017 6/14/2017 6/14/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 750,000.0000 1.000000 - - - (750,000.00) 750,000.00 - - 6/14/2017 6/14/2017 6/14/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,915.6700 1.000000 - - - (2,915.67) 2,915.67 - - 6/14/2017 6/14/2017 6/14/2017 48125LRD6 MATURED PAR VALUE OF JP MORGAN CHASE MT 1.35872% 6/14/17 750,000 PAR VALUE AT 100 %-750,000.0000 1.000000 - - - 750,000.00 (750,000.00) - - 38 Page 26 of 28 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2017 6/14/2017 48125LRD6 INTEREST EARNED ON JP MORGAN CHASE MT 1.35872% 6/14/17 $1 PV ON 750000.0000 SHARES DUE 6/14/2017 INTEREST ON MATURITY 6/14/17 0.0000 0.000000 - - - 2,915.67 - - - 6/15/2017 02582JHG8 INTEREST EARNED ON AMERICAN EXPRESS 1.650% 12/15/21 $1 PV ON 287.0000 SHARES DUE 6/15/2017 $0.00068/PV ON 420,000.00 PV DUE 6/15/17 0.0000 0.000000 - - - 287.00 - - - 6/15/2017 161571HC1 AMORTIZED PREMIUM ON CHASE ISSUANCE TRUST 1.370% 6/15/21 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (35.34) - - 6/15/2017 161571HC1 INTEREST EARNED ON CHASE ISSUANCE TRUST 1.370% 6/15/21 $1 PV ON 856.2500 SHARES DUE 6/15/2017 $0.00114/PV ON 750,000.00 PV DUE 6/15/17 0.0000 0.000000 - - - 856.25 - - - 6/15/2017 17275RAU6 INTEREST EARNED ON CISCO SYSTEMS INC 1.650% 6/15/18 $1 PV ON 400000.0000 SHARES DUE 6/15/2017 0.0000 0.000000 - - - 3,300.00 - - - 6/15/2017 6/15/2017 6/15/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,713.7200 1.000000 - - - (1,713.72) 1,713.72 - - 6/15/2017 6/15/2017 6/15/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 10,774.9200 1.000000 - - - (10,774.92) 10,774.92 - - 6/15/2017 47787XAC1 INTEREST EARNED ON JOHN DEERE OWNER 1.780% 4/15/21 $1 PV ON 459.8300 SHARES DUE 6/15/2017 $0.00148/PV ON 310,000.00 PV DUE 6/15/17 0.0000 0.000000 - - - 459.83 - - - 6/15/2017 58769DAD2 INTEREST EARNED ON MERCEDES BENZ AUTO 1.790% 4/15/20 $1 PV ON 551.9200 SHARES DUE 6/15/2017 $0.00149/PV ON 370,000.00 PV DUE 6/15/17 0.0000 0.000000 - - - 551.92 - - - 6/15/2017 80284TAF2 INTEREST EARNED ON SANTANDER DRIVE 1.770% 9/15/20 $1 PV ON 162.2500 SHARES DUE 6/15/2017 $0.00148/PV ON 110,000.00 PV DUE 6/15/17 0.0000 0.000000 - - - 162.25 - - - 6/15/2017 89190BAD0 INTEREST EARNED ON TOYOTA AUTO 1.760% 7/15/21 $1 PV ON 520000.0000 SHARES DUE 6/15/2017 0.0000 0.000000 - - - 711.82 - - - 6/15/2017 89238MAD0 INTEREST EARNED ON TOYOTA AUTO 1.730% 2/16/21 $1 PV ON 542.0700 SHARES DUE 6/15/2017 $0.00144/PV ON 376,000.00 PV DUE 6/15/17 0.0000 0.000000 - - - 542.07 - - - 6/15/2017 912828R85 AMORTIZED PREMIUM ON U S TREASURY NT 0.875% 6/15/19 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (336.19) - - 6/15/2017 912828R85 INTEREST EARNED ON U S TREASURY NT 0.875% 6/15/19 $1 PV ON 1284000.0000 SHARES DUE 6/15/2017 0.0000 0.000000 - - - 5,617.50 - - - 6/19/2017 6/19/2017 3134GAJQ8 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C M T N 1.150% 9/14/18 0.0000 0.000000 - - - 1,547.71 - - - 6/19/2017 6/16/2017 6/19/2017 3134GAJQ8 SOLD PAR VALUE OF F H L M C M T N 1.150% 9/14/18 /STIFEL, NICOLAUS & CO.,INC./510,000 PAR VALUE AT 99.78 %-510,000.0000 0.997800 - - - 508,878.00 (510,000.00) (1,122.00) - 6/19/2017 6/16/2017 6/19/2017 3135G0L68 SOLD PAR VALUE OF F N M A DEB 0.750% 7/27/18 /NOMURA SECURITIES INTL., FIXED/510,000 PAR VALUE AT 99.385 %-510,000.0000 0.993850 - - - 506,863.50 (509,235.00) (2,371.50) - 6/19/2017 6/19/2017 3135G0L68 RECEIVED ACCRUED INTEREST ON SALE OF F N M A DEB 0.750% 7/27/18 0.0000 0.000000 - - - 1,508.75 - - - 6/19/2017 6/19/2017 6/19/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,018,797.9600 1.000000 - - - (1,018,797.96) 1,018,797.96 - - 6/20/2017 6/20/2017 6/20/2017 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -1,700,577.1300 1.000000 - - - 1,700,577.13 (1,700,577.13) - - 6/20/2017 6/20/2017 912828XU9 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.375% 6/15/20 0.0000 0.000000 - - - (348.36) - - - 6/20/2017 6/15/2017 6/20/2017 912828XU9 PURCHASED PAR VALUE OF U S TREASURY NT 1.375% 6/15/20 /CITIGROUP GLOBAL MARKETS INC./1,700,000 PAR VALUE AT 100.01345706 %1,700,000.0000 1.000135 - - - (1,700,228.77) 1,700,228.77 - - 6/23/2017 6/20/2017 6/23/2017 06406HBM0 PURCHASED PAR VALUE OF BANK NY MELLON MTN 5.450% 5/15/19 /J.P. MORGAN SECURITIES LLC/242,000 PAR VALUE AT 106.712 %242,000.0000 1.067120 - - - (258,243.04) 258,243.04 - - 6/23/2017 6/23/2017 06406HBM0 PAID ACCRUED INTEREST ON PURCHASE OF BANK NY MELLON MTN 5.450% 5/15/19 0.0000 0.000000 - - - (1,392.17) - - - 6/23/2017 6/20/2017 6/23/2017 166764AN0 PURCHASED PAR VALUE OF CHEVRON CORP 2.193% 11/15/19 /BONY/TORONTO DOMINION SECURITI/375,000 PAR VALUE AT 100.958 %375,000.0000 1.009580 - - - (378,592.50) 378,592.50 - - 6/23/2017 6/23/2017 166764AN0 PAID ACCRUED INTEREST ON PURCHASE OF CHEVRON CORP 2.193% 11/15/19 0.0000 0.000000 - - - (868.06) - - - 6/23/2017 6/20/2017 6/23/2017 17275RAE2 PURCHASED PAR VALUE OF CISCO SYSTEMS INC 4.950% 2/15/19 /BONY/TORONTO DOMINION SECURITI/XOTC 360,000 PAR VALUE AT 105.367 %360,000.0000 1.053670 - - - (379,321.20) 379,321.20 - - 6/23/2017 6/23/2017 17275RAE2 PAID ACCRUED INTEREST ON PURCHASE OF CISCO SYSTEMS INC 4.950% 2/15/19 0.0000 0.000000 - - - (6,336.00) - - - 6/23/2017 6/23/2017 6/23/2017 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -176,807.3900 1.000000 - - - 176,807.39 (176,807.39) - - 6/23/2017 6/20/2017 6/23/2017 532457BF4 PURCHASED PAR VALUE OF ELI LILLY CO 1.950% 3/15/19 /UBS SECURITIES LLC/275,000 PAR VALUE AT 100.545 %275,000.0000 1.005450 - - - (276,498.75) 276,498.75 - - 6/23/2017 6/23/2017 532457BF4 PAID ACCRUED INTEREST ON PURCHASE OF ELI LILLY CO 1.950% 3/15/19 0.0000 0.000000 - - - (1,459.79) - - - 6/23/2017 6/20/2017 6/23/2017 589331AN7 PURCHASED PAR VALUE OF MERCK CO INC 5.000% 6/30/19 /GOLDMAN, SACHS & CO./500,000 PAR VALUE AT 106.536 %500,000.0000 1.065360 - - - (532,680.00) 532,680.00 - - 39 Page 27 of 28 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2017 6/23/2017 6/23/2017 589331AN7 PAID ACCRUED INTEREST ON PURCHASE OF MERCK CO INC 5.000% 6/30/19 0.0000 0.000000 - - - (12,013.89) - - - 6/23/2017 6/20/2017 6/23/2017 66989HAD0 PURCHASED PAR VALUE OF NOVARTIS CAPITAL 4.400% 4/24/20 /CREDIT SUISSE SECURITIES (USA)/475,000 PAR VALUE AT 107.026 %475,000.0000 1.070260 - - - (508,373.50) 508,373.50 - - 6/23/2017 6/23/2017 66989HAD0 PAID ACCRUED INTEREST ON PURCHASE OF NOVARTIS CAPITAL 4.400% 4/24/20 0.0000 0.000000 - - - (3,425.28) - - - 6/23/2017 6/20/2017 6/23/2017 68389XAQ8 PURCHASED PAR VALUE OF ORACLE CORP 2.375% 1/15/19 /GOLDMAN, SACHS & CO./250,000 PAR VALUE AT 101.239 %250,000.0000 1.012390 - - - (253,097.50) 253,097.50 - - 6/23/2017 6/23/2017 68389XAQ8 PAID ACCRUED INTEREST ON PURCHASE OF ORACLE CORP 2.375% 1/15/19 0.0000 0.000000 - - - (2,605.90) - - - 6/23/2017 6/20/2017 6/23/2017 90331HMY6 PURCHASED PAR VALUE OF US BANK NA MTN 1.400% 4/26/19 /JP MORGAN CHASE BANK/HSBCSI/255,000 PAR VALUE AT 99.468 %255,000.0000 0.994680 - - - (253,643.40) 253,643.40 - - 6/23/2017 6/23/2017 90331HMY6 PAID ACCRUED INTEREST ON PURCHASE OF US BANK NA MTN 1.400% 4/26/19 0.0000 0.000000 - - - (565.25) - - - 6/23/2017 6/23/2017 912828R51 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 0.875% 5/31/18 0.0000 0.000000 - - - 1,484.63 - - - 6/23/2017 6/20/2017 6/23/2017 912828R51 SOLD PAR VALUE OF U S TREASURY NT 0.875% 5/31/18 /NOMURA SECURITIES INTL., FIXED/2,700,000 PAR VALUE AT 99.660156 %-2,700,000.0000 0.996602 - - - 2,690,824.21 (2,696,373.57) (4,721.48) (827.88) 6/26/2017 TRUST FEES COLLECTED CHARGED FOR PERIOD 05/01/2017 THRU 05/31/2017 COLLECTED BY DISBURSEMENT 0.0000 0.000000 - - - (529.71) - - - 6/26/2017 05582QAD9 INTEREST EARNED ON BMW VEHICLE OWNER 1.160% 11/25/20 $1 PV ON 439.8300 SHARES DUE 6/25/2017 $0.00097/PV ON 455,000.00 PV DUE 6/25/17 0.0000 0.000000 - - - 439.83 - - - 6/26/2017 6/25/2017 6/26/2017 3136AMTM1 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.186% 9/25/18 -373.6600 0.000000 - - - 373.66 (373.56) - 0.10 6/26/2017 3136AMTM1 INTEREST EARNED ON F N M A GTD REMIC 1.186% 9/25/18 $1 PV ON 387.8800 SHARES DUE 6/25/2017 $0.00104/PV ON 373,984.19 PV DUE 6/25/17 0.0000 0.000000 - - - 387.88 - - - 6/26/2017 6/25/2017 6/26/2017 3137BNN26 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.780% 7/25/19 -294.3400 738.561256 - - - 294.34 (296.23) - (1.89) 6/26/2017 3137BNN26 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.780% 7/25/19 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (53.04) - - 6/26/2017 3137BNN26 INTEREST EARNED ON F H L M C MLTCL MTG 1.780% 7/25/19 $1 PV ON 300.9800 SHARES DUE 6/25/2017 $0.00148/PV ON 202,909.44 PV DUE 6/25/17 0.0000 0.000000 - - - 300.98 - - - 6/26/2017 6/25/2017 6/26/2017 3137BPCF4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.376% 10/25/20 -936.8000 37.909532 - - - 936.80 (936.79) - 0.01 6/26/2017 3137BPCF4 INTEREST EARNED ON F H L M C MLTCL MTG 1.376% 10/25/20 $1 PV ON 409.1400 SHARES DUE 6/25/2017 $0.00115/PV ON 356,809.07 PV DUE 6/25/17 0.0000 0.000000 - - - 409.14 - - - 6/26/2017 6/26/2017 6/26/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 439.8300 1.000000 - - - (439.83) 439.83 - - 6/26/2017 6/26/2017 6/26/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 231.8300 1.000000 - - - (231.83) 231.83 - - 6/27/2017 6/26/2017 6/27/2017 3130ABMP8 PURCHASED PAR VALUE OF F H L B DEB 1.133% 6/27/19 /BARCLAYS CAPITAL INC. FIXED IN/1,400,000 PAR VALUE AT 99.98865071 %1,400,000.0000 0.999887 - - - (1,399,841.11) 1,399,841.11 - - 6/27/2017 6/26/2017 6/27/2017 3134G9UY1 SOLD PAR VALUE OF F H L M C M T N 1.000% 6/29/18 /PERSHING LLC/510,000 PAR VALUE AT 99.723 %-510,000.0000 0.997230 - - - 508,587.30 (510,000.00) - (1,412.70) 6/27/2017 6/27/2017 3134G9UY1 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C M T N 1.000% 6/29/18 0.0000 0.000000 - - - 2,521.67 - - - 6/27/2017 6/27/2017 6/27/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,941.2600 1.000000 - - - (1,941.26) 1,941.26 - - 6/27/2017 6/27/2017 6/27/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 480,122.9800 1.000000 - - - (480,122.98) 480,122.98 - - 6/27/2017 6/27/2017 912828XS4 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.250% 5/31/19 0.0000 0.000000 - - - 1,263.32 - - - 6/27/2017 6/26/2017 6/27/2017 912828XS4 SOLD PAR VALUE OF U S TREASURY NT 1.250% 5/31/19 /MLPFS INC/FIXED INCOME/XOTC 1,370,000 PAR VALUE AT 99.824219 %-1,370,000.0000 0.998242 - - - 1,367,591.80 (1,368,501.56) (909.76) - 6/28/2017 6/28/2017 037833BN9 RECEIVED ACCRUED INTEREST ON SALE OF APPLE INC 1.300% 2/23/18 0.0000 0.000000 - - - 135.42 - - - 6/28/2017 6/23/2017 6/28/2017 037833BN9 SOLD PAR VALUE OF APPLE INC 1.300% 2/23/18 /HSBC SECURITIES, INC./30,000 PAR VALUE AT 99.946 %-30,000.0000 0.999460 - - - 29,983.80 (29,987.10) - (3.30) 6/28/2017 6/28/2017 191216BR0 RECEIVED ACCRUED INTEREST ON SALE OF COCA COLA CO THE 0.875% 10/27/17 0.0000 0.000000 - - - 53.38 - - - 6/28/2017 6/23/2017 6/28/2017 191216BR0 SOLD PAR VALUE OF COCA COLA CO THE 0.875% 10/27/17 /MILLENNIUM ADVISORS, LLC/36,000 PAR VALUE AT 99.816 %-36,000.0000 0.998160 - - - 35,933.76 (35,984.16) - (50.40) 6/28/2017 6/28/2017 191216BT6 PAID ACCRUED INTEREST ON PURCHASE OF COCA COLA CO THE 1.875% 10/27/20 0.0000 0.000000 - - - (1,588.54) - - - 6/28/2017 6/23/2017 6/28/2017 191216BT6 PURCHASED PAR VALUE OF COCA COLA CO THE 1.875% 10/27/20 /GOLDMAN, SACHS & CO./500,000 PAR VALUE AT 100.044 %500,000.0000 1.000440 - - - (500,220.00) 500,220.00 - - 6/28/2017 6/28/2017 6/28/2017 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y -453,324.0400 1.000000 - - - 453,324.04 (453,324.04) - - 6/28/2017 6/28/2017 54465AGK2 PAID ACCRUED INTEREST ON PURCHASE OF LOS ANGELES CA 1.125% 9/01/19 0.0000 0.000000 - - - (987.19) - - - 6/28/2017 6/23/2017 6/28/2017 54465AGK2 PURCHASED PAR VALUE OF LOS ANGELES CA 1.125% 9/01/19 /WELLS FARGO BANK, N.A./SIG/270,000 PAR VALUE AT 98.84 %270,000.0000 0.988400 - - - (266,868.00) 266,868.00 - - 40 Page 28 of 28 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Commissions SEC Fees Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended June 30, 2017 6/28/2017 6/28/2017 89236TCX1 RECEIVED ACCRUED INTEREST ON SALE OF TOYOTA MOTOR MTN 1.200% 4/06/18 0.0000 0.000000 - - - 683.33 - - - 6/28/2017 6/23/2017 6/28/2017 89236TCX1 SOLD PAR VALUE OF TOYOTA MOTOR MTN 1.200% 4/06/18 /TORONTO DOMINION SECURITIES (U/250,000 PAR VALUE AT 99.82 %-250,000.0000 0.998200 - - - 249,550.00 (249,940.00) - (390.00) 6/30/2017 6/30/2017 6/30/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 8,851.6700 1.000000 - - - (8,851.67) 8,851.67 - - 6/30/2017 6/30/2017 6/30/2017 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 482,500.0000 1.000000 - - - (482,500.00) 482,500.00 - - 6/30/2017 589331AN7 AMORTIZED PREMIUM ON MERCK CO INC 5.000% 6/30/19 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (307.34) - - 6/30/2017 589331AN7 INTEREST EARNED ON MERCK CO INC 5.000% 6/30/19 $1 PV ON 500000.0000 SHARES DUE 6/30/2017 0.0000 0.000000 - - - 12,500.00 - - - 6/30/2017 68609BVE4 AMORTIZED PREMIUM ON OREGON ST TANS SER A 2.000% 6/30/17 CURRENT YEAR AMORTIZATION 0.0000 0.000000 - - - - (2,822.74) - - 6/30/2017 6/30/2017 6/30/2017 68609BVE4 MATURED PAR VALUE OF OREGON ST TANS SER A 2.000% 6/30/17 470,000 PAR VALUE AT 100 %-470,000.0000 1.000000 - - - 470,000.00 (470,000.00) - - 6/30/2017 68609BVE4 INTEREST EARNED ON OREGON ST TANS SER A 2.000% 6/30/17 $1 PV ON 470000.0000 SHARES DUE 6/30/2017 INTEREST ON MATURITY 6/30/17 0.0000 0.000000 - - - 8,851.67 - - - Total - - - 0.00 92,146.24 (30,430.53) (3,587.66) 41 ATTACHMENT 12 42 43 44 45 46 47 48 QUARTERLY PORTFOLIO REVIEWQUARTERLY PORTFOLIO REVIEW PAYDEN.COM LOS ANGELES | BOSTON | LONDON | PARIS 2nd Quarter 2017 ATTACHMENT 13 49 July 2017 Dear Client, As we enter the third quarter of 2017, equity markets are at or near all-time highs, and volatility measures are near all-time lows. What are the concerns of investors today? First, with the continuing expansion of the business cycle in the U.S., Europe and the U.K., the question arises will there be a shock to the markets? The second question to consider is to what extent will interest rates rise in the U.S. and globally – how much and how soon? These concerns have been mirrored in the financial markets over the past few months as yields globally have actually moved lower, and there has been somewhat more volatility in the equity markets. We do not think these cycles are over. We continue to look for positive economic growth in the U.S., and we are cautiously optimistic about moderate expansion in both Europe and the U.K. An aspect of financial markets that we continue to believe investors don’t focus enough on is the impact of globalization. “Globalization” is a very broad term, but we have seen a major shift in world GDP from the G7 countries to the developing markets. The latter now accounts for more than 50% of global output. Another component of this is that the growing issuance of sovereign and corporate debt in various currencies actually provides more opportunities for the investor on a global basis. Lastly, the growth of investable funds worldwide has expanded rapidly to over $110 trillion. What has not expanded as rapidly is the product to meet the demand. Against this background, we look to take advantage of this larger opportunity set in managing your portfolio. The second half of the year will undoubtedly have some challenges and surprises, but as we always state, flexibility and liquidity are foremost in our minds. Wishing you and your family a fun and relaxing summer. Sincerely, Joan A. Payden President & CEO LETTER FROM THE CEO 50 Riverside County Transportation Commission 2812 ABJ MW1 Portfolio Review and Market Update - 2nd Quarter 2017 PORTFOLIO CHARACTERISTICS (As of 6/30/2017) $51.0 millionPortfolio Market Value AA+Weighted Average Credit Quality 1.7 yearsWeighted Average Duration 1.5%Weighted Average Yield to Maturity DURATION DISTRIBUTION 0% 10% 20% 30% 40% 50% 60% 0 - 1 1 - 2 2 - 3 3+ Years SECTOR ALLOCATION 0% 5% 10% 15% 20% 25% 30% 35% 40% 45%TreasuriesCreditAgenciesAsset-BackedMunicipalMortgage-BackedCashPORTFOLIO RETURNS - Periods Ending 6/30/2017 Since Inception (3/1/15) 2017 YTD Trailing 1 Yr 2nd Quarter RCTC Operating Portfolio 0.26% 0.60% 0.40% 0.84% BofA Merrill Lynch 1-3 Year US Treasury Index 0.18% 0.44% -0.11% 0.67% Periods over one year annualized Payden & Rygel • 333 South Grand Avenue • Los Angeles, California 90071 • (213) 625-1900 • www.payden.com51 Portfolio Review and Market Update - 2nd Quarter 2017 MARKET THEMES Markets marched higher through most of the second quarter before taking a breather at the end of June. The Federal Reserve’s fourth interest rate hike since its tightening cycle began was met with a yawn, but plans for winding down the balance sheet piqued market participants’ interest. Inflation in the U.S. was benign, while unemployment dropped to 4.3%—the lowest rate since 2001, indicating a further strengthening of the economy. President Trump faced continued delays in implementing his plans for tax cuts, deregulation, and infrastructure spending. Prime Minister May’s snap parliamentary election in the U.K. backfired on her, and her party lost seats in Parliament, which weakened her plans for a quick Brexit. Increases in European consumer confidence and business expectations helped the euro reach a 52-week high. ECB President Draghi declared at the end of June that ‘deflationary forces’ had been mitigated, spiking tapering fears and driving yields on European sovereign debt higher. Despite the bear market in oil, risk markets remained well-bid and had positive total returns. STRATEGY The portfolio holds a diversified mix of credit sectors for income generation.n Corporate bond yield premiums remain attractive, and we expect to maintain our exposure through the purchase of bonds in the new issue market. n We have continued to participate selectively in high-quality asset-backed and mortgage-backed security (ABS/MBS) deals with short duration profiles. n INTEREST RATES The Federal Open Market Committee raised the Fed Funds rate by 0.25% in June to a range of 1.00% - 1.25%. The U.S. Treasury curve flattened with the front-end moving higher while yields five years and longer were lower. The slope between three- and five-year maturities fell from 0.43% to 0.34%. n As front-end yields rose, the defensive duration positioning enhanced performance. This was offset by the flattening of the Treasury curve. n Credit and securitized holdings with floating-rate coupons added to performance as Libor continued to trend higher, increasing 15 basis points to 1.30% over the quarter. n SECTORS The allocation to, and selection of, investment-grade corporate securities was additive to performance. Credit yield premiums fell as overall interest rates rose. n High-quality ABS continued to contribute to performance while providing flexible reinvestment opportunities. n The MBS allocation was additive to performance, as strong demand continues to outstrip supply.n Payden & Rygel • 333 South Grand Avenue • Los Angeles, California 90071 • (213) 625-1900 • www.payden.com52 MARKET PERSPECTIVE Historically, investor allocations to emerging markets have been much smaller than G7 countries. This made sense 20 years ago when developed markets were a larger share of global GDP and offered higher yields. Times have changed. Emerging market and developing economies now represent nearly two-thirds of world economic output. Investors should consider the role emerging markets play in their portfolio. An ever-changing composition of the global economy necessitates increasing allocations to global markets and leaving behind home country bias. Source: WorldBank, numbers in millions China 1,371 India 1,311 Indonesia 258 Pakistan 189 Bangladesh 161 Japan (G7) 127 Philippines 101 United States (G7) 321 Brazil 208 Nigeria 182 Russian Federation 144 Mexico 127 Asian Emerging Markets Represent the Majority of Countries with Populations Over 100 Million Interesting Fact: Over half the world’s population, 3.8 billion people, lives in Asia. Rest of the World Asia Source: WorldBank World GDP measured at purchaser prices Emerging Market Countries Represent A Majority of Global Output Canada G7 Countries France Germany Italy Japan United Kingdom United States 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 - 10 20 30 40 50 60 70 80 snoillirt ni $Emerging market and developing economies Major advanced economies (G7) 53 For more information about Payden & Rygel, contact us at a location listed below. 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 PARIS Representative Office 54, 56 Avenue Hoche 75008 Paris, France + 33-607-604-441 PAYDEN.COM LOS ANGELES |BOSTON |LONDON |PARIS OVER 30 YEARS OF INSPIRING CONFIDENCE WITH AN UNWAVERING COMMITMENT TO OUR CLIENTS’ NEEDS. U.S. DOMICILED MUTUAL FUNDS DUBLIN DOMICILED UCITS 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 FIXED INCOME Absolute Return 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 Bond Fund Global Short Bond Fund Sterling Corporate Bond Fund – Investment Grade U.S. Core Bond Fund USD Low Duration Credit Fund LIQUIDITY FUNDS Euro Liquidity Fund Sterling Reserve Fund U.S. Dollar Liquidity Fund 54 COUNTY OF RIVERSIDE TREASURER’S POOLED INVESTMENT FUND IS CURRENTLY RATED: Aaa-bf BY MOODY’S INVESTOR’S SERVICE AND AAA/V1 BY FITCH RATINGS The Treasurer's Pooled Investment Fund is comprised of the County, Schools, Special Districts, and other Discretionary Depositors. County of Riverside Treasurer’s Pooled Investment Capital Markets Team Don Kent Treasurer-Tax Collector Jon Christensen Asst. Treasurer-Tax Collector Giovane Pizano Investment Manager Isela Licea Asst. Investment Manager 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 achieve a return on the funds under his or her control. Investment Objectives 2017 June Month End Market Value ($)* Month End Book Value ($) Paper Gain or Loss ($) Paper Gain or Loss (%) Book Yield (%) Yrs to Maturity Modified Duration June 6,735,867,498.24 6,749,832,051.31 (13,964,553.07) (0.21) 1.12 1.13 1.10 May 7,612,527,848.46 7,618,718,525.29 (6,190,676.83) (0.08) 1.03 1.06 1.04 April 7,852,739,843.99 7,860,165,695.74 (7,425,851.75) (0.09) 0.99 1.05 1.02 March 6,833,805,197.25 6,846,497,352.55 (12,692,155.31) (0.19) 0.95 1.18 1.15 February 6,692,173,247.08 6,704,345,453.07 (12,172,205.99)(0.18) 0.90 1.26 1.23 January 6,807,339,004.02 6,820,287,408.45 (12,948,404.43) (0.19) 0.85 1.24 1.21 The June 14th rate hike was highly anticipated and well telegraphed by the Fed. As we saw after the FOMC announcement, the FED increased federal funds to the variable rate of 1-1.25%, for a 25 bps increase. This did not have much of an impact on financial markets, as it was really already baked into the cake, so to speak. Part of the committee’s decision to increase rates was based on their findings and expectations of strengthening labor markets and a decline in the unemployment rate, however, they still pulled the trigger despite inflation remaining below 2%. They have projected one more increase for the year but did temper expectations with the following statement. “Because we also anticipate the factors that are currently holding down the neutral rate will diminish somewhat over time, additional gradual rate hikes are likely to be appropriate over the next few years to sustain the economic expansion and return inflation to our 2 percent goal. Even so, the Committee continues to anticipate that the longer-run neutral level of the federal funds rate is likely to remain below levels that prevailed in previous decades.” Since our last commentary in March, we have had a few changes here in the County worth mentioning. In May, Governor Brown appointed former state assemblyman V. Manuel Perez to fill the remainder of the term through 2018 of 4th District Supervisor John Benoit, who passed away in December. We look forward to working with Supervisor Perez in the future, and are pleased to be back operating at full Board capacity. Also, the Board selected George Johnson as Riverside County’s new CEO, and we look forward to working with him as well. Lastly, as of August 2nd, after 20+ years with the office, I will no longer be the Treasurer Tax-Collector of Riverside County; that honor will pass to my Assistant Treasurer Tax-Collector, Jon Christensen to fill out the remainder of my term, and I know he will do a great job. I will, however, be moving just across the hall to the County Executive Office to serve as Assistant County Executive Officer - Finance. I approach this new post with the goal of continuing the work of strengthening our financial condition. I know that I will encounter many difficult decisions, some of which may be unpopular, but, essential nonetheless. Over the past two decades it has been an honor and a privilege to serve you. It has been a time filled with many challenges and accomplishments, but, without a doubt, it has been the most rewarding experience of my professional career. Through the worst of the economic turbulence dating back to November 2008 when I came into the position, I’m happy to report that the Treasurer’s Pooled Investment Fund has navigated through it all with zero losses to its depositors; preserving capital was always on the forefront of my mind and we have avoided the economic hazards that have beset cities, other counties as well as the state of California itself. I have complete confidence in the management and staff we have in place and I know that they are fully capable of meeting the challenges of the coming years. I know the office will continue to keep its conservative posture and adhere to its investment objectives that have served its depositors so well. Thank you for all of your trust and support you have given me over the years; it truly was the privilege of a lifetime! Don Kent Treasurer-Tax Collector “Across the Hall” ATTACHMENT 14 55 2     56 Value Change Nymex Crude 46.04$ (2.28)$ Gold (USD/OZ)1,241.55$ (27.39)$ Value Change Dow Jones (DJIA)21,349.63$ 340.98$ S&P 500 Index 2,423.41$ 11.61$ NASDAQ (NDX)5,646.91$ (141.89)$ Current Market Data Economic Indicators  Stock Indices Commodities  Fed Funds Target Rate COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 3 US Treasury Curve (M/M) FOMC Meeting Schedule Release %Risk Assessment 03-May 0.75 - 1% Roughly Balanced 14-Jun 1 - 1.25%Balanced Release Date Indicator Consensus Actual 06/02/2017 182,000 138,000 06/02/2017 4.4%4.3% 06/05/2017 -0.6%-0.8% 06/29/2017 1.2%1.4% 06/27/2017 116.0 118.9 06/05/2017 -0.2%-0.2% 06/14/2017 0.0%-0.1% 06/14/2017 0.2%0.1%CPI Ex Food and Energy - M/M change: CPI Ex Food and Energy excludes food and energy. Consumer Price Index - M/M change: The Consumer Price Index is a measure of the average price level of a fixed basket of goods and services purchased by consumers. Non-Farm Payrolls M/M change: Counts the number of paid employees working part- time or full-time in the nation's business and government establishments. Employment Situation: Measures the number of unemployed as a percentage of the labor force. Durable Goods Orders - M/M change: Reflects the new orders placed with domestic manufacturers for immediate and future delivery of factory hard goods. Real Gross Domestic Product - Q/Q change: The broadest measure of aggregate economic activity and encompasses every sector of the economy.  GDP is the country's most comprehensive economic scorecard. Consumer Confidence: Measures consumer attitudes on present economic conditions and expectations of future conditions. Factory Orders M/M change: Represents the dollar level of new orders for both durable and nondurable goods. Fed Move 07/26/2017 09/20/2017 Increase to 1- 1.25%99.9%83.8% Increase to 1.50%0.0%16.1% Increase to 1.75%0.0%0.0% Increase to 2.00%0.0% Current Fed Funds Rate: 0.75% - 1.00% Probability for FOMC Dates: 57 Fund Symbol 7 Da y Yield Fidelity Prime Institutional MMF FIPXX 1.20% Federated Prime Obligations Fund POIXX 1.14% Wells Fargo Advantage Heritage WFJXX 1.21% JP Morgan CJPXX 1.20% AAA Rated Prime Institutional Money-Market Funds 0.69%0.72%0.73%0.73%0.73%0.77%0.78%0.85%0.90%0.95% 0.99%1.03% 1.12% 0.42%0.40% 0.39% 0.47% 0.52% 0.55%0.72%0.75%0.81% 0.9… 0.99%1.00% 1.19% 0.00% 0.50% 1.00% 1.50% 2.00% Jun ‐16 Aug‐16 Oct‐16 Dec‐16 Feb ‐17 Apr ‐17 Jun ‐17 Pool Yield TIMMI The Pooled Investment Fund cash flow requirements are based upon a 12 month historical cash flow model. Based upon projected cash receipts and maturing investments, there are sufficient funds to meet future cash flow disbursements over the next 12 months. The Treasurer’s Institutional Money Market Index (TIMMI) is compiled and reported by the Riverside County Treasurer’s Capital Markets division. It is a composite index derived from four AAA rated prime institutional money market funds. Similar to the Treasurer’s Office, prime money market funds invest in a diversified portfolio of U.S. dollar denominated money market instruments including U.S. Treasuries, government agencies, commercial paper, certificates of deposits, repurchase agreements, etc. TIMMI is currently comprised of the four multi billion dollar funds listed below. TIMMI COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 4 Cash Flows Month Monthly Receipts Monthly Disbursements Difference Required Matured Investments Balance Actual Investments Maturing Available to Invest > 1 Year 07/2017 143.82 07/2017 1,256.11 1,450.00 (193.89) 50.07 (0.00) 1,983.87 08/2017 1,017.89 1,200.00 (182.11) 182.11 - 512.05 09/2017 1,004.10 1,110.00 (105.90) 105.90 - 522.10 10/2017 1,127.50 1,200.00 (72.50) 72.50 - 203.20 11/2017 1,165.00 1,050.00 115.00 115.00 254.48 12/2017 990.00 2,250.00 (1,260.00) 1,145.00 - 240.70 01/2018 1,050.00 1,710.00 (660.00) 660.00 - 190.00 02/2018 860.00 1,000.00 (140.00) 140.00 - 112.59 03/2018 1,200.00 1,000.00 200.00 200.00 25.00 04/2018 1,946.22 1,100.00 846.22 1,046.22 223.83 05/2018 912.13 1,500.00 (587.87) 458.35 169.19 06/2018 1,153.32 1,900.00 (746.68) 288.33 - 72.38 TOTALS 13,682.27 16,470.00 (2,787.73) 2,643.91 1,963.39 4,509.39 4,105.92 39.17% 66.81% 60.83% * All values reported in millions ($). 58 Asset Allocation COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 5 784,810.08 100.00% 1.04% .003 .003 250,000.00 100.00% 1.03% .003 .003 230.00 100.00% 1.53% 2.962 2.962 365,000.00 99.92% 1.00% .788 .788 1,336,700.00 99.27% 1.33% 2.436 2.883 275,000.00 98.82% 1.21% 2.447 2.738 292,700.00 100.27% 0.82% .170 .170 370,359.72 99.63% 1.12% 1.977 2.171 50,000.00 100.38% 0.83% .295 .295 478,260.00 100.01% 1.27% 1.775 2.100 253,850.00 100.03% 1.16% .712 .840 127,450.00 100.08% 1.00% .117 .117 382,090.00 99.39% 1.02% .914 .914 23,000.00 100.00% 1.25% .206 .206 1,436,500.00 100.13% 1.05% .142 .142 63,875.00 99.93% 1.27% .815 .815 210,000.00 100.00% 1.18% .236 .236 6,753,824.80 99.79% 1.12% .995 1.134 253,846.00 384,841.55 MUNIS CP NCDS 6,735,867.50Totals (000's): 1,432,169.00 1,433,983.96 MUNI BONDS 63,732.32 382,509.30 Mkt/ Sch Book YieldScheduled Book WAL (Yr) .003100.20% Mat (Yr)Scheduled Market .003 Assets (000's)Scheduled Par FNMA BONDS 1,336,542.25 1,326,735.46 MMKT 230.00LOCAL AGCY OBLIG 785,000.00 785,000.00 54,000.00 54,000.00 54,108.00 210,000.00 63,686.98 DDA/PASSBK 210,000.00 23,000.00 FFCB DISC NOTES 292,191.01 CALTRUST FND 1.09% 22,999.31 127,260.07 250,000.00 FARMER MAC 271,704.58 478,398.92 370,167.91 FHLMC BONDS 250,000.00 230.00 CORP BONDS 274,936.85 COMM PAPER MUNI ZER0 CPNS 127,154.89 368,786.40 49,649.90 49,836.50 6,749,832.05 FFCB BONDS US TREAS BONDS 364,817.38 364,517.35 FHLB BONDS 478,350.40 253,919.67 FHLB DISC NOTES 291,393.60 59 Maturity Distribution COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 6 Scheduled Par (000's) 0-1 Mos 1-3 Mos 3-12 Mos 1-2 Yr 2-3 Yr >3 Yr Totals (000's) MMKT 784,810.08 - - - - - 784,810.08 CALTRUST FND 54,000.00 - - - - - 54,000.00 DDA/PASSBK 250,000.00 - - - - - 250,000.00 LOCAL AGCY OBLIG - - - - 230.00 - 230.00 US TREAS BONDS - - 290,000.00 50,000.00 25,000.00 - 365,000.00 FHLMC BONDS 25,000.00 5,000.00 246,495.00 117,400.00 184,025.00 758,780.00 1,336,700.00 FNMA BONDS - - 10,000.00 22,500.00 117,500.00 125,000.00 275,000.00 FHLB DISC NOTES 45,000.00 162,000.00 85,700.00 - - - 292,700.00 FHLB BONDS - - 100,859.72 64,500.00 60,000.00 145,000.00 370,359.72 FFCB DISC NOTES 25,000.00 - 25,000.00 - - - 50,000.00 FFCB BONDS - 25,250.00 50,000.00 120,310.00 207,700.00 75,000.00 478,260.00 FARMER MAC - 8,850.00 215,000.00 15,000.00 15,000.00 - 253,850.00 MUNI ZER0 CPNS 47,450.00 80,000.00 - - - - 127,450.00 MUNI BONDS 6,110.00 35,050.00 199,430.00 110,880.00 21,545.00 9,075.00 382,090.00 MUNIS CP - 23,000.00 - - - - 23,000.00 COMM PAPER 746,500.00 500,000.00 190,000.00 - - - 1,436,500.00 CORP BONDS - - 63,875.00 - - - 63,875.00 NCDS - 160,000.00 50,000.00 - - - 210,000.00 Totals (000's): 1,983,870.08 999,150.00 1,526,359.72 500,590.00 631,000.00 1,112,855.00 6,753,824.80 %29.37% 14.79% 22.60% 7.41% 9.34%16.48% Cumulative %29.37% 44.17% 66.77% 74.18% 83.52%100.0% 60 Credit Quality Yield 1.14% 1.04% 1.05% 1.10% 1.10% 1.12% 444,642.23 MKT/Book Aaa 4,439,574.80 4,437,835.04 4,424,340.02 99.70% Moody (000's)Par Book Market 99.91% 100.06% Aa3 726,770.00 725,745.06 725,197.12 99.92% Aa1 445,225.00 445,028.12 Aa2 638,175.00 NR 504,080.00 504,076.00 504,149.67 637,147.83 637,538.46 100.01% Totals (000's):6,753,824.80 6,749,832.05 6,735,867.50 99.79% MOODY’S S & P AAA 1,073,450.08 1,075,242.24 99.97% 0.99% MKT/Book Yield AA+3,721,349.72 3,717,620.92 3,704,107.94 99.64% 1.17% ParS&P (000's) Book AA 758,175.00 756,853.67 756,845.08 Market 1,074,874.31 100.00% 1.07% AA-696,770.00 696,039.22 695,890.50 99.98% 1.08% NR 504,080.00 504,076.00 504,149.67 100.01% 1.10% Totals (000's):6,753,824.80 6,749,832.05 6,735,867.50 99.79%1.12% COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 7 61 8     62 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss FIDELITY GOV 07/01/2017 .797 75,000,000.00 75,000,000.00 100.000000 75,000,000.00 0.00 FEDERATED GOV 07/01/2017 .800 140,000,000.00 140,000,000.00 100.000000 140,000,000.00 0.00 GOLDMAN SACHS GOV 07/01/2017 .820 55,000,000.00 55,000,000.00 100.000000 55,000,000.00 0.00 JP MORGAN PRIME MMF 07/01/2017 1.108 174,940,021.00 175,000,000.00 100.034285 175,000,000.00 0.00 FIDELITY PRIME MMF 07/01/2017 1.102 99,957,518.25 100,000,000.00 100.042500 100,000,000.00 0.00 BLACKROCK 07/11/2017 1.101 124,932,536.74 125,000,000.00 100.054000 125,000,000.00 0.00 HERITAGE PRIME MMF 07/01/2017 1.186 49,980,008.00 50,000,000.00 100.040000 50,000,000.00 0.00 WELLS FARGO GOV 07/01/2017 .866 65,000,000.00 65,000,000.00 100.000000 65,000,000.00 0.00 .986 784,810,083.99 785,000,000.00 100.024199 785,000,000.00 0.00 CALTRUST SHT TERM 07/01/2017 1.144 54,000,000.00 54,000,000.00 100.200000 54,108,000.00 108,000.00 1.144 54,000,000.00 54,000,000.00 100.200000 54,108,000.00 108,000.00 BANK OF THE WEST 07/01/2017 1.060 200,000,000.00 200,000,000.00 100.000000 200,000,000.00 0.00 1.060 200,000,000.00 200,000,000.00 100.000000 200,000,000.00 0.00 UB MANAGED RATE 07/01/2017 .900 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 .900 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 US DIST COURTHOUSE 06/15/2020 1.531 230,000.00 230,000.00 100.000000 230,000.00 0.00 1.531 230,000.00 230,000.00 100.000000 230,000.00 0.00 U.S. TREASURY BOND 09/30/2017 .625 10,000,000.00 9,981,250.00 99.889000 9,988,900.00 7,650.00 U.S. TREASURY BOND 02/15/2018 1.000 10,000,000.00 10,017,968.75 99.860000 9,986,000.00 -31,968.75 U.S. TREASURY BOND 01/31/2018 .875 25,000,000.00 24,936,523.44 99.825000 24,956,250.00 19,726.56 U.S. TREASURY BOND 05/31/2019 1.500 25,000,000.00 25,110,351.56 100.223000 25,055,750.00 -54,601.56 U.S. TREASURY BOND 10/31/2019 1.500 25,000,000.00 25,028,320.31 100.133000 25,033,250.00 4,929.69 U.S. TREASURY BOND 11/15/2017 .875 25,000,000.00 25,006,835.94 99.910000 24,977,500.00 -29,335.94 U.S. TREASURY BOND 11/15/2017 .875 25,000,000.00 25,004,882.81 99.910000 24,977,500.00 -27,382.81 U.S. TREASURY BOND 11/30/2018 1.000 25,000,000.00 24,943,359.38 99.516000 24,879,000.00 -64,359.38 U.S. TREASURY BOND 11/30/2017 .875 20,000,000.00 20,004,687.50 99.896000 19,979,200.00 -25,487.50 U.S. TREASURY BOND 11/30/2017 .625 25,000,000.00 24,940,429.69 99.794000 24,948,500.00 8,070.31 U.S. TREASURY BOND 11/30/2017 .625 25,000,000.00 24,929,687.50 99.794000 24,948,500.00 18,812.50 U.S. TREASURY BOND 09/30/2017 .625 25,000,000.00 24,968,750.00 99.889000 24,972,250.00 3,500.00 U.S. TREASURY BOND 01/31/2018 .875 25,000,000.00 24,998,046.88 99.825000 24,956,250.00 -41,796.88 U.S. TREASURY BOND 01/15/2018 .875 25,000,000.00 24,998,046.88 99.844000 24,961,000.00 -37,046.88 U.S. TREASURY BOND 03/15/2018 1.000 25,000,000.00 24,989,257.81 99.832000 24,958,000.00 -31,257.81 U.S. TREASURY BOND 05/15/2018 1.000 25,000,000.00 24,958,984.38 99.758000 24,939,500.00 -19,484.38 .932 365,000,000.00 364,817,382.83 99.867767 364,517,350.00 -300,032.83 FHLMC 3YrNc1.5YrE 06/22/2018 1.200 15,000,000.00 14,986,800.00 99.816000 14,972,400.00 -14,400.00 FHLMC 3YrNc6MoE 06/22/2018 1.250 25,000,000.00 24,993,750.00 99.975000 24,993,750.00 0.00 FHLMC 2YrNc6MoB 10/27/2017 .750 10,000,000.00 10,000,000.00 99.932000 9,993,200.00 -6,800.00 FHLMC 3YrNc6MoB 10/29/2018 1.050 5,000,000.00 5,000,000.00 99.563000 4,978,150.00 -21,850.00 FHLMC 3YrNc6MoB 10/29/2018 1.050 10,000,000.00 10,000,000.00 99.563000 9,956,300.00 -43,700.00 FHLMC 2YrNc6MoE 11/16/2017 .750 15,000,000.00 15,000,000.00 99.883000 14,982,450.00 -17,550.00 FHLMC 2Yr 12/15/2017 1.000 20,000,000.00 19,979,400.00 99.924000 19,984,800.00 5,400.00 FHLMC 1.5YrNc3MoB 08/25/2017 .800 5,000,000.00 5,000,000.00 99.942000 4,997,100.00 -2,900.00 FHLMC 2.5YrNc1YrE 08/24/2018 1.000 5,000,000.00 5,000,000.00 99.522000 4,976,100.00 -23,900.00 FHLMC 3YrNc1YrE 03/29/2019 1.300 9,000,000.00 9,000,000.00 99.780000 8,980,200.00 -19,800.00 FHLMC 3YrNc1YrE 03/29/2019 1.270 4,000,000.00 4,000,000.00 99.653000 3,986,120.00 -13,880.00 FHLMC 3.5YrNc6MoE 10/11/2019 1.500 15,000,000.00 15,000,000.00 99.448000 14,917,200.00 -82,800.00 FHLMC 2.25YrNc6MoB 06/29/2018 1.125 5,850,000.00 5,850,000.00 99.702000 5,832,567.00 -17,433.00 FHLMC 1.5YrNc6MoB 10/13/2017 .850 15,000,000.00 15,000,000.00 99.992000 14,998,800.00 -1,200.00 FHLMC 1.5YrNc6MoB 10/13/2017 .850 10,000,000.00 10,000,000.00 99.992000 9,999,200.00 -800.00 FHLMC 1.5YrNc3MoB 10/27/2017 .825 25,000,000.00 25,000,000.00 99.991000 24,997,750.00 -2,250.00 FHLMC 2YrNc6MoE 07/20/2018 1.000 25,000,000.00 25,000,000.00 99.379000 24,844,750.00 -155,250.00 FHLMC 2YrNc6MoE 07/20/2018 .820 10,000,000.00 10,000,000.00 99.380000 9,938,000.00 -62,000.00 FHLMC 1.25YrNc3MoB 10/27/2017 .700 10,000,000.00 10,000,000.00 99.931000 9,993,100.00 -6,900.00 FHLMC 3YrNc3MoB 07/26/2019 1.250 10,000,000.00 10,000,000.00 99.407000 9,940,700.00 -59,300.00 FHLMC 2YrNc3MoB 07/27/2018 1.050 10,000,000.00 10,000,000.00 99.699000 9,969,900.00 -30,100.00 FHLMC 3.5YrNc1YrE 02/25/2020 1.250 10,000,000.00 10,000,000.00 98.571000 9,857,100.00 -142,900.00 FHLMC 1.5YrNc6MoB 12/28/2017 .800 25,000,000.00 24,997,500.00 99.802000 24,950,500.00 -47,000.00 FHLMC 1.5YrNc6MoB 12/28/2017 .800 14,595,000.00 14,592,081.00 99.802000 14,566,101.90 -25,979.10 FHLMC 3.5YrNc1YrE 05/08/2020 1.200 15,000,000.00 15,000,000.00 98.486000 14,772,900.00 -227,100.00 FHLMC 4YrNc6MoE 11/25/2020 1.370 25,000,000.00 25,000,000.00 98.876000 24,719,000.00 -281,000.00 FHLMC 4YrNc1YrE 11/30/2020 1.440 10,000,000.00 10,000,000.00 99.009000 9,900,900.00 -99,100.00 FHLMC 7Mo 07/28/2017 1.000 25,000,000.00 25,046,750.00 99.997000 24,999,250.00 -47,500.00 FHLMC 1YrNc3MoB 02/26/2018 1.050 21,050,000.00 21,050,000.00 99.814000 21,010,847.00 -39,153.00 FHLMC 1Yr 07/20/2018 1.000 9,400,000.00 9,371,800.00 99.636000 9,365,784.00 -6,016.00 FHLMC 1YrNc1MoB 05/11/2018 1.000 25,000,000.00 24,953,500.00 99.747000 24,936,750.00 -16,750.00 FHLMC 1.25Yr 09/28/2018 1.050 5,000,000.00 4,982,950.00 99.623000 4,981,150.00 -1,800.00 FHLMC 1YrNc1MoB 06/22/2018 1.060 10,000,000.00 9,978,000.00 99.747000 9,974,700.00 -3,300.00 FHLMC 1.5YrNc1MoB 01/25/2019 1.350 10,000,000.00 10,000,000.00 99.862000 9,986,200.00 -13,800.00 1.046 463,895,000.00 463,782,531.00 99.646196 462,253,719.90 -1,528,811.10 FHLMC 2YrNc1MoB 10/24/2019 1.000 15,000,000.00 14,973,750.00 99.797000 14,969,550.00 -4,200.00 1.000 15,000,000.00 14,973,750.00 99.797000 14,969,550.00 -4,200.00 FHLMC 5YrNc6MoB 10/29/2020 1.125 15,000,000.00 15,000,000.00 99.590000 14,938,500.00 -61,500.00 FHLMC 5YrNc6MoB 02/26/2021 1.250 10,000,000.00 10,000,000.00 99.192000 9,919,200.00 -80,800.00 FHLMC 5YrNc6MoB 02/26/2021 1.250 10,000,000.00 10,000,000.00 99.338000 9,933,800.00 -66,200.00 FHLMC 5YrNc3MoB 06/09/2021 1.600 15,000,000.00 15,000,000.00 98.614000 14,792,100.00 -207,900.00 FHLMC 5YrNc3MoB 05/25/2021 1.500 20,000,000.00 20,000,000.00 98.474000 19,694,800.00 -305,200.00 FHLMC 5YrNc3MoB 06/16/2021 1.625 15,000,000.00 14,997,000.00 99.214000 14,882,100.00 -114,900.00 FHLMC 3YrNc3MoB 06/20/2019 1.250 15,000,000.00 15,000,000.00 99.792000 14,968,800.00 -31,200.00 FHLMC 5YrNc3MoB 06/30/2021 1.500 15,000,000.00 15,000,000.00 98.592000 14,788,800.00 -211,200.00 FHLMC 5YrNc6MoB 06/30/2021 1.300 15,000,000.00 15,000,000.00 98.639000 14,795,850.00 -204,150.00 FHLMC 5YrNc3MoB 06/30/2021 1.500 10,000,000.00 10,000,000.00 98.593000 9,859,300.00 -140,700.00 FHLMC 3.5YrNc3MoB 12/30/2019 1.000 15,000,000.00 15,000,000.00 99.725000 14,958,750.00 -41,250.00 FHLMC 5YrNc6MoB 07/13/2021 1.250 15,000,000.00 15,000,000.00 99.427000 14,914,050.00 -85,950.00 FHLMC 4YrNc6MoB 07/27/2020 1.150 15,000,000.00 15,000,000.00 98.485000 14,772,750.00 -227,250.00 FHLMC 5YrNc3MoB 08/10/2021 1.250 15,000,000.00 15,000,000.00 98.494000 14,774,100.00 -225,900.00 FHLMC 4YrNc6MoB 08/10/2020 1.150 15,000,000.00 15,000,000.00 98.456000 14,768,400.00 -231,600.00 FHLMC 5YrNc3MoB 08/10/2021 1.250 10,000,000.00 10,000,000.00 98.542000 9,854,200.00 -145,800.00 FHLMC 5YrNc3MoB 08/25/2021 1.500 15,000,000.00 15,000,000.00 98.840000 14,826,000.00 -174,000.00 FHLMC 5YrNc3MoB 08/25/2021 1.500 10,000,000.00 10,000,000.00 97.990000 9,799,000.00 -201,000.00 3134G7S77 3134G8L31 3134G9JX6 912828TS9 912828H37 1425: FHLMC-Fxd-S 30/360 3134G8WC9 3134G9B55 3134G9Q67 3134G9WU7 3134G8YS2 GOFXX TMPXX 912828H94 912828U40 CUSIP Month End Portfolio Holdings Fund: 1 POOL FUND Yield To Maturity Modified Duration Years To Maturity FRGXX .797 .003 .003 1060: MMKT ACCTS-A/366 .800 .003 .003 FGTXX .820 .003 .003 CJPXX 1.103 .003 .003 1.096 .003 .003FIPXX .030 .030 1.184 .003 .003 .003 .003.866 1.095 .983 .007 .007 1.144 .003 .003 1.144 .003 .003 1.060 .003 .003 1.060 .003 .003 .900 .003 .003 .900 .003 .003 1.531 1.487 2.962 1.531 1.487 2.962 .723 .251 .252 .920 .620 .630 .990 .578 .589 1.370 1.882 1.918 1.470 2.280 2.337 .846 .376 .378 .855 .376 .378 1.115 1.401 1.419 .851 .417 .419 .868 .417 .419 912828M72 .919 .417 .419 912828UA6 .792 .251 .252 .883 .579 .589 .883 .537 .545 1.042 .702 .707 1.165 .867 .874 .996 .777 .789 1.230 .969 .9783134G7AE1 1.259 .969 .978 .750 .325 .326 3134G66M0 1.050 1.316 1.332 3134G7V24 1.050 1.316 1.332 3134G72T7 3134G72T7 .750 .379 .381 1.052 .458 .4603137EADX4 .800 .153 .153 1.000 1.137 1.151 3134G8L49 1.300 1.717 1.745 3134G8L64 1.270 1.717 1.745 1.500 2.227 2.282 .997 .850 .286 .288 .850 .286 .288 1.125 .989 .825 .324 .326 1.000 1.043 1.055 3134G9C70 .820 1.045 1.055 .700 .325 .3263134G9M38 1.250 2.029 2.071 1.050 1.062 1.074 3134GABZ6 1.250 2.590 2.658 .808 .494 .496 3134G9WU7 .817 .494 .496 3134GAVF8 1.200 2.794 2.858 3134GAXZ2 1.370 3.309 3.408 3134GAYK4 1.440 3.319 3.422 3137EADJ5 .710 .076 .077 3134G8L98 1.050 .650 .660 3134G9XZ5 1.238 1.042 1.055 3134G9JD0 1.181 .856 .863 3130A9C90 1.300 1.229 1.247 1.267 .969 .978 3134GAK78 1.350 1.539 1.573 1.057 1.100 1.120 1460: FHLMC-STEP%-Q30/360 1.071 2.289 2.318 1.071 2.289 2.318 1.125 3.254 3.334 1.250 3.547 3.663 1.250 3.547 3.663 1.600 3.802 3.945 1.500 3.772 3.904 3134G9NU7 1.630 3.827 3.964 1.250 1.945 1.973 1.500 3.868 4.003 3134G9VA2 1.300 3.885 4.003 3134G9UX3 1.500 3.868 4.003 3134G9UH8 1.000 2.463 2.501 3134G9XA0 1.250 3.902 4.038 3134G9S40 1.150 2.998 3.077 3134G9R66 1.250 3.976 4.115 3134G9S57 1.150 3.034 3.115 3134G9T23 1.250 3.976 4.115 3134G9U47 1.500 3.991 4.156 3134G95W3 1.500 3.991 4.156 912828XA3 912828J68 912828G20 3134G8TG4 912828UJ7 912828UA6 1065: CLTR-A/366 1080: MGD RATE-A/366 1170: MGD RATE-A/360 LAO 912828TS9 WFJXX WFFXX 1175: LAO-SINKING FND-A/360 3134G9Q75 3134G8V97 3134G8WC9 CLTR CASH CASH 1310: U.S. TREASURY BOND 912828F62 912828G20 912828UJ7 912828WL0 3134G73L3 3134G8QE2 3134G8QB8 1465: FHLMC-STEP%-S30/360 3134G8KU2 3134GAPS7 3134G9VF1 3134G9JW8 3134G9PC5 3134G9UM7 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 963 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss CUSIP Month End Portfolio Holdings Yield To Maturity Modified Duration Years To Maturity FHLMC 5YrNc3MoB 08/25/2021 1.375 15,000,000.00 15,000,000.00 98.260000 14,739,000.00 -261,000.00 FHLMC 4.25YrNc3MoB 12/08/2020 1.250 20,000,000.00 20,000,000.00 98.582000 19,716,400.00 -283,600.00 FHLMC 5YrNc6MoB 08/24/2021 1.250 20,000,000.00 20,000,000.00 98.739000 19,747,800.00 -252,200.00 FHLMC 5YrNc3MoB 09/13/2021 1.500 16,500,000.00 16,500,000.00 98.738000 16,291,770.00 -208,230.00 FHLMC 5YrNc3MoB 09/30/2021 1.500 20,000,000.00 20,000,000.00 98.593000 19,718,600.00 -281,400.00 FHLMC 5YrNc6MoB 09/30/2021 1.450 15,000,000.00 15,000,000.00 98.451000 14,767,650.00 -232,350.00 FHLMC 5YrNc6MoB 09/30/2021 1.350 15,000,000.00 15,000,000.00 98.233000 14,734,950.00 -265,050.00 FHLMC 5YrNc3MoB 10/25/2021 1.375 10,000,000.00 10,000,000.00 98.139000 9,813,900.00 -186,100.00 FHLMC 5YrNc3MoB 10/25/2021 1.375 6,705,000.00 6,705,000.00 98.139000 6,580,219.95 -124,780.05 FHLMC 5YrNc3MoB 10/27/2020 1.250 10,000,000.00 10,000,000.00 98.837000 9,883,700.00 -116,300.00 FHLMC 5YrNc6MoB 10/27/2021 1.400 15,000,000.00 15,000,000.00 97.755000 14,663,250.00 -336,750.00 FHLMC 5YrNc6MoB 10/27/2021 1.400 15,000,000.00 15,000,000.00 97.755000 14,663,250.00 -336,750.00 FHLMC 5YrNc6MoB 10/28/2021 1.250 10,000,000.00 10,000,000.00 99.305000 9,930,500.00 -69,500.00 FHLMC 5YrNc3MoB 10/27/2021 1.500 15,000,000.00 15,000,000.00 98.049000 14,707,350.00 -292,650.00 FHLMC 5YrNc3MoB 10/27/2021 1.500 15,000,000.00 15,000,000.00 98.049000 14,707,350.00 -292,650.00 FHLMC 5YrNc3MoB 10/27/2021 1.400 10,000,000.00 10,000,000.00 97.874000 9,787,400.00 -212,600.00 FHLMC 5YrNc3MoB 11/10/2021 1.550 17,000,000.00 17,000,000.00 98.245000 16,701,650.00 -298,350.00 FHLMC 5YrNc3MoB 10/27/2021 1.400 14,000,000.00 14,000,000.00 97.874000 13,702,360.00 -297,640.00 FHLMC 5YrNc3MoB 11/30/2021 1.500 4,500,000.00 4,500,000.00 98.667000 4,440,015.00 -59,985.00 FHLMC 5YrNc3MoB 11/26/2021 1.550 20,000,000.00 20,000,000.00 98.203000 19,640,600.00 -359,400.00 FHLMC 5YrNc3MoB 12/09/2021 1.500 10,000,000.00 10,000,000.00 99.135000 9,913,500.00 -86,500.00 FHLMC 5YrNc3MoB 12/09/2021 1.650 20,000,000.00 20,000,000.00 99.792000 19,958,400.00 -41,600.00 FHLMC 5YrNc3MoB 12/14/2021 1.850 20,000,000.00 20,000,000.00 99.758000 19,951,600.00 -48,400.00 FHLMC 5YrNc3MoB 12/16/2021 1.750 10,000,000.00 10,000,000.00 99.713000 9,971,300.00 -28,700.00 FHLMC 5YrNc3MoB 12/30/2021 1.900 10,000,000.00 10,000,000.00 99.960000 9,996,000.00 -4,000.00 FHLMC 5YrNc3MoB 12/30/2021 1.900 10,000,000.00 10,000,000.00 99.960000 9,996,000.00 -4,000.00 FHLMC 3YrNc6MoB 02/24/2020 1.250 20,000,000.00 20,000,000.00 99.975000 19,995,000.00 -5,000.00 FHLMC 3YrNc6MoB 02/10/2020 1.500 15,000,000.00 15,000,000.00 99.940000 14,991,000.00 -9,000.00 FHLMC 3YrNc6MoB 02/10/2020 1.500 9,025,000.00 9,025,000.00 99.940000 9,019,585.00 -5,415.00 FHLMC 3YrNc6MoB 08/28/2020 1.650 20,000,000.00 20,000,000.00 99.640000 19,928,000.00 -72,000.00 FHLMC 3YrNc6MoB 10/06/2020 1.375 15,000,000.00 15,000,000.00 99.980000 14,997,000.00 -3,000.00 FHLMC 3.5Yr 10/29/2020 1.125 7,125,000.00 7,108,968.75 99.590000 7,095,787.50 -13,181.25 FHLMC 3.5YrNc6MoB 10/27/2020 1.375 15,000,000.00 15,000,000.00 99.965000 14,994,750.00 -5,250.00 FHLMC 3YrNc3MoB 04/27/2020 1.500 10,000,000.00 10,000,000.00 99.776000 9,977,600.00 -22,400.00 FHLMC 3YrNc3MoB 04/27/2020 1.500 20,000,000.00 20,000,000.00 99.704000 19,940,800.00 -59,200.00 FHLMC 3YrNc3MoB 05/22/2020 1.500 10,000,000.00 10,000,000.00 99.717000 9,971,700.00 -28,300.00 FHLMC 5YrNc3MoB 05/25/2022 2.100 17,950,000.00 17,950,000.00 99.678000 17,892,201.00 -57,799.00 FHLMC 3YrNc6MoB 05/22/2020 1.600 20,000,000.00 20,000,000.00 99.759000 19,951,800.00 -48,200.00 FHLMC 4YrNc6MoB 02/24/2021 1.650 15,000,000.00 15,000,000.00 99.871000 14,980,650.00 -19,350.00 FHLMC 3YrNc6MoB 11/24/2020 1.600 15,000,000.00 15,000,000.00 99.832000 14,974,800.00 -25,200.00 FHLMC 5YrNc3MoB 06/29/2022 2.050 20,000,000.00 20,000,000.00 99.631000 19,926,200.00 -73,800.00 FHLMC 5YrNc6MoB 06/22/2022 2.000 15,000,000.00 15,000,000.00 99.402000 14,910,300.00 -89,700.00 1.476 857,805,000.00 857,785,968.75 99.033252 849,512,188.45 -8,273,780.30 FNMA 3.5YrNc6MoB 12/16/2019 1.500 5,000,000.00 5,000,000.00 99.161000 4,958,050.00 -41,950.00 FNMA 4YrNc6MoE 07/13/2020 1.350 10,000,000.00 10,000,000.00 97.808000 9,780,800.00 -219,200.00 FNMA 3.25YrNc6MoB 09/30/2019 1.250 7,500,000.00 7,500,000.00 98.978000 7,423,350.00 -76,650.00 FNMA 2YrNc6MoE 07/27/2018 .800 15,000,000.00 15,000,000.00 99.398000 14,909,700.00 -90,300.00 FNMA 3YrNc6MoE 07/26/2019 1.000 10,000,000.00 10,000,000.00 98.586000 9,858,600.00 -141,400.00 FNMA 3YrNc6MoE 07/26/2019 1.000 10,000,000.00 10,000,000.00 98.586000 9,858,600.00 -141,400.00 FNMA 2.5YrNc6MoE 01/25/2019 .875 7,500,000.00 7,495,350.00 98.995000 7,424,625.00 -70,725.00 FNMA 3YrNc1YrE 07/26/2019 1.050 15,000,000.00 15,000,000.00 98.606000 14,790,900.00 -209,100.00 FNMA 3.5YrNc1YrE 07/26/2019 1.125 25,000,000.00 25,000,000.00 99.100000 24,775,000.00 -225,000.00 FNMA 3Yr 10/24/2019 1.000 10,000,000.00 9,973,200.00 98.892000 9,889,200.00 -84,000.00 FNMA 3YrNc6MoB 11/25/2019 1.400 10,000,000.00 10,000,000.00 99.535000 9,953,500.00 -46,500.00 FNMA 1YR BULLET 05/21/2018 .875 10,000,000.00 9,968,300.00 99.658000 9,965,800.00 -2,500.00 1.078 135,000,000.00 134,936,850.00 98.954167 133,588,125.00 -1,348,725.00 FNMA 4.25YrNc6MoB 09/09/2020 1.400 15,000,000.00 15,000,000.00 98.450000 14,767,500.00 -232,500.00 1.400 15,000,000.00 15,000,000.00 98.450000 14,767,500.00 -232,500.00 FNMA 4YrNc6MoB 03/09/2020 1.300 15,000,000.00 15,000,000.00 99.669000 14,950,350.00 -49,650.00 FNMA 4YrNc6MoB 03/30/2020 1.250 10,000,000.00 10,000,000.00 99.950000 9,995,000.00 -5,000.00 FNMA 5YrNc6MoB 03/30/2021 1.500 15,000,000.00 15,000,000.00 98.822000 14,823,300.00 -176,700.00 FNMA 5YrNc6MoB 06/09/2021 1.550 15,000,000.00 15,000,000.00 98.907000 14,836,050.00 -163,950.00 FNMA 4YrNc6MoB 06/30/2020 1.150 20,000,000.00 20,000,000.00 98.792000 19,758,400.00 -241,600.00 FNMA 5YrNc6MoB 07/27/2021 1.250 15,000,000.00 15,000,000.00 97.820000 14,673,000.00 -327,000.00 FNMA 5YrNc6MoB 07/27/2021 1.250 20,000,000.00 20,000,000.00 97.921000 19,584,200.00 -415,800.00 FNMA 4YrNc6MoB 11/24/2020 1.125 15,000,000.00 15,000,000.00 98.191000 14,728,650.00 -271,350.00 1.291 125,000,000.00 125,000,000.00 98.679160 123,348,950.00 -1,651,050.00 FHLB DISC NOTE 11/14/2017 .810 10,000,000.00 9,919,111.11 99.603333 9,960,333.30 41,222.19 FHLB DISC NOTE 08/14/2017 .800 50,000,000.00 49,735,555.56 99.877778 49,938,889.00 203,333.44 FHLB DISC NOTE 07/07/2017 .630 25,000,000.00 24,920,375.00 99.983333 24,995,833.25 75,458.25 FHLB DISC NOTE 07/07/2017 .630 20,000,000.00 19,936,300.00 99.983333 19,996,666.60 60,366.60 FHLB DISC NOTE 08/09/2017 .640 25,000,000.00 24,919,111.11 99.891667 24,972,916.75 53,805.64 FHLB DISC NOTE 08/09/2017 .640 12,000,000.00 11,961,173.33 99.891667 11,987,000.04 25,826.71 FHLB DISC NOTE 09/06/2017 .902 25,000,000.00 24,887,513.89 99.810167 24,952,541.75 65,027.86 FHLB DISC NOTE 09/06/2017 .902 25,000,000.00 24,887,513.89 99.810167 24,952,541.75 65,027.86 FHLB DISC NOTE 09/08/2017 .930 25,000,000.00 24,883,848.61 99.804500 24,951,125.00 67,276.39 FHLB DISC NOTE 10/04/2017 .930 1,000,000.00 995,348.89 99.728194 997,281.94 1,933.05 FHLB DISC NOTE 10/04/2017 .930 1,000,000.00 995,348.89 99.728194 997,281.94 1,933.05 FHLB DISC NOTE 10/06/2017 .920 25,000,000.00 24,883,722.22 99.722472 24,930,618.00 46,895.78 FHLB DISC NOTE 10/06/2017 .940 8,700,000.00 8,659,095.50 99.722472 8,675,855.06 16,759.56 FHLB DISC NOTE 10/11/2017 .950 20,000,000.00 19,904,450.00 99.708167 19,941,633.40 37,183.40 FHLB DISC NOTE 10/13/2017 .970 20,000,000.00 19,905,130.00 99.702444 19,940,488.80 35,358.80 .820 292,700,000.00 291,393,598.00 99.826104 292,191,006.58 797,408.58 FHLB 5YrNc3MoB 06/20/2018 1.250 3,719,720.08 3,719,720.08 99.973000 3,718,715.76 -1,004.32 FHLB 2Yr 12/01/2017 1.020 10,000,000.00 10,000,000.00 99.944000 9,994,400.00 -5,600.00 FHLB 2.5YrNc1YrE 09/28/2018 1.100 5,000,000.00 5,000,000.00 99.675000 4,983,750.00 -16,250.00 FHLB 5Yr 04/05/2021 1.375 5,000,000.00 4,996,350.00 98.282000 4,914,100.00 -82,250.00 FHLB 4Yr 04/06/2020 1.200 10,000,000.00 9,996,000.00 98.873000 9,887,300.00 -108,700.00 FHLB 2Yr 08/07/2018 .625 5,000,000.00 4,989,600.00 99.225000 4,961,250.00 -28,350.00 FHLB 2Yr 08/07/2018 .625 25,000,000.00 24,948,000.00 99.225000 24,806,250.00 -141,750.00 FHLB 2Yr 08/07/2018 .625 10,000,000.00 9,979,200.00 99.225000 9,922,500.00 -56,700.00 FHLB 1.5Yr 01/08/2018 .650 15,000,000.00 15,007,200.00 99.743000 14,961,450.00 -45,750.00 FHLB 1.5Yr 01/08/2018 .650 10,000,000.00 10,006,200.00 99.743000 9,974,300.00 -31,900.00 FHLB 2YrNc1YrE 11/23/2018 1.000 9,500,000.00 9,500,000.00 99.323000 9,435,685.00 -64,315.00 FHLB 3Yr 08/05/2019 .875 15,000,000.00 14,971,200.00 98.778000 14,816,700.00 -154,500.00 313385KK1 313385HV1 1725: FHLB-Fxd-S 30/360 3136G3SG1 1565: FNMA-STEP%-S 30/360 3136G3BX2 3136G3EH4 1700: FHLB-DISC NOTE 1525: FNMA-Fxd-S 30/360 3136G3RL1 313385MV5 313385MX1 313385MQ6 313383EP2 3130A7H57 3134GBKC5 3135G0M26 3136G3XE0 3134GBPJ5 3134GBHN5 3135G0M26 3135G0R39 3130A6V95 3134G96A0 1.375 4.004 4.156 3134GAEB6 1.250 3.353 3.444 3134GAEG5 1.250 4.015 4.153 3134GADP6 1.500 4.041 4.208 3134GAET7 1.500 4.088 4.255 3134GAKY9 1.450 4.093 4.255 3134GANB6 1.350 4.103 4.255 1.375 4.170 4.3233134GAPM0 3134GAPM0 1.375 4.170 4.323 1.250 3.240 3.329 3134GAQV9 1.400 4.173 4.329 1.400 4.173 4.329 3134GARL0 1.250 4.191 4.332 1.500 4.162 4.329 1.500 4.162 4.329 1.400 4.173 4.329 1.550 4.193 4.367 3134GAUA0 1.400 4.173 4.329 3134GATB0 3134GATA2 1.500 4.253 4.422 1.550 4.237 4.411 3134GAYG3 1.500 4.278 4.447 3134GAYF5 3134GAYR9 1.650 4.262 4.447 1.850 4.255 4.460 1.750 4.271 4.466 3134GAZP2 3134GAA53 3134GAA87 1.900 4.293 4.504 1.900 4.293 4.504 1.250 2.588 2.655 1.500 2.537 2.616 3134GA2N3 1.500 2.537 2.616 3134GA2N3 3.051 3.164 1.375 3.174 3.271 1.190 3.253 3.334 1.650 1.375 3.232 3.329 3134G7S77 1.500 2.749 2.827 1.500 2.749 2.827 2.896 2.100 4.627 4.904 1.600 2.813 2.896 1.500 2.818 1.650 3.522 3.658 1.600 3.291 3.405 2.050 4.727 5.000 2.000 4.714 4.981 1.477 3.704 3.843 3134GBTE2 1.500 2.406 2.463 1.350 2.947 3.038 3136G3SY2 1.250 2.205 2.252 3136G3WC5 .800 1.065 1.074 1.000 2.037 2.071 1.000 2.037 2.071 3136G3XS9 .900 1.549 1.573 1.050 2.036 2.0713136G3A62 1.125 2.033 2.071 1.091 2.279 2.318 3136G3P25 3136G4GU1 1.400 2.352 2.405 1.181 .884 .8903135G0WJ8 1.109 1.946 1.983 1.400 3.114 3.197 1.400 3.114 3.197 1.300 2.627 2.693 1.250 2.687 2.751 1.500 3.628 3.751 1.550 3.806 3.945 3136G3XT7 3136G3TG0 1.150 2.941 3.003 1.250 3.940 4.077 1.250 3.940 4.077 1.291 3.392 3.494 3136G3Y74 1.125 3.323 3.405 3136G3ZW8 .807 .372 .375 .804 .122 .123 .632 .019 .019 313385HV1 .632 .019 .019 313385KE5 .642 .109 .110 313385KE5 .642 .109 .110 313385LJ3 .894 .185 .186 .894 .185 .186313385LJ3 .923 .190 .192313385LL8 .924 .260 .263 .260 .263 313385MN3 .914 .266 .268 313385MN3 .924 .934 .266 .268313385MQ6 .950 .279 .282 .959 .285 .288 .817 .169 .170 1.250 .963 .973 1.020 .419 .422 1.100 1.229 1.247 3130A7PV1 1.390 3.644 3.767 1.210 2.706 2.770 3130A8PK3 .726 1.094 1.104 3130A7PU3 .726 1.094 1.1043130A8PK3 .726 1.094 1.104 3130A8NZ2 .618 .519 .526 3130A8PK3 3130A8NZ2 .608 .519 .526 3130A8WS8 1.000 1.383 1.400 3130A8Y72 .940 2.066 2.099 3134GAPA6 3134GASF2 3134GBMP4 3134GATA2 3134GASF2 3134GAQV9 3134GA7E8 3134GBGB2 3134GBDG4 3134GAA87 3134GAZ49 3134GBSE3 3134GBLZ3 3134GBSD5 3134GBTD4 313385PF7 3136G3DV4 3136G3PB5 1560: FNMA-STEP%-Q 30/360 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 1064 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss CUSIP Month End Portfolio Holdings Yield To Maturity Modified Duration Years To Maturity FHLB 2Yr 10/01/2018 .875 10,000,000.00 9,993,200.00 99.396000 9,939,600.00 -53,600.00 FHLB 1Yr 11/17/2017 .750 25,000,000.00 24,971,000.00 99.846000 24,961,500.00 -9,500.00 FHLB 5Yr 12/08/2017 .750 6,100,000.00 6,090,086.65 99.798000 6,087,678.00 -2,408.65 FHLB 1Yr 02/23/2018 .875 21,540,000.00 21,530,307.00 99.797000 21,496,273.80 -34,033.20 FHLB 1.25YrNc6MoB 05/10/2018 1.000 9,500,000.00 9,483,850.00 99.791000 9,480,145.00 -3,705.00 FHLB 2.25YrNc2YrE 07/26/2019 1.375 10,000,000.00 9,986,000.00 99.755000 9,975,500.00 -10,500.00 .863 205,359,720.08 205,167,913.73 99.492295 204,317,097.56 -850,816.17 FHLB 3YrNcMoB 08/15/2019 1.125 25,000,000.00 25,000,000.00 99.757000 24,939,250.00 -60,750.00 1.125 25,000,000.00 25,000,000.00 99.757000 24,939,250.00 -60,750.00 FHLB 5YrNc3MoB 09/30/2021 1.350 15,000,000.00 15,000,000.00 98.588000 14,788,200.00 -211,800.00 FHLB 5YrNc3MoB 09/30/2021 1.350 15,000,000.00 15,000,000.00 98.547000 14,782,050.00 -217,950.00 FHLB 5YrNc6MoB 12/09/2021 1.600 10,000,000.00 10,000,000.00 98.653000 9,865,300.00 -134,700.00 FHLB 5YrNc6MoB 12/09/2021 1.600 10,000,000.00 10,000,000.00 98.653000 9,865,300.00 -134,700.00 FHLB 5YrNc1YrB 12/08/2021 1.700 15,000,000.00 15,000,000.00 99.628000 14,944,200.00 -55,800.00 1.508 65,000,000.00 65,000,000.00 98.838538 64,245,050.00 -754,950.00 FHLB 4Yr 09/22/2020 1.366 10,000,000.00 10,000,000.00 100.316000 10,031,600.00 31,600.00 FHLB 4Yr 09/22/2020 1.366 15,000,000.00 15,000,000.00 100.316000 15,047,400.00 47,400.00 FHLB 4Yr 09/28/2020 1.372 10,000,000.00 10,000,000.00 100.161000 10,016,100.00 16,100.00 FHLB 4Yr 09/28/2020 1.372 15,000,000.00 15,000,000.00 100.161000 15,024,150.00 24,150.00 1.369 50,000,000.00 50,000,000.00 100.238500 50,119,250.00 119,250.00 FHLB 3Yr 07/01/2020 1.273 25,000,000.00 25,000,000.00 100.663000 25,165,750.00 165,750.00 1.273 25,000,000.00 25,000,000.00 100.663000 25,165,750.00 165,750.00 FFCB DISC NOTE 07/07/2017 .610 25,000,000.00 24,866,562.50 99.989000 24,997,250.00 130,687.50 FFCB DISC NOTE 01/24/2018 1.062 25,000,000.00 24,783,333.33 99.357000 24,839,250.00 55,916.67 .836 50,000,000.00 49,649,895.83 99.673000 49,836,500.00 186,604.17 FFCB 3YrNc3MoA 10/15/2018 1.110 5,000,000.00 5,000,000.00 99.493000 4,974,650.00 -25,350.00 FFCB 2Yr 09/25/2017 .900 25,250,000.00 25,371,578.75 99.974000 25,243,435.00 -128,143.75 FFCB 3YrNc1YrA 03/29/2019 1.250 10,310,000.00 10,310,000.00 99.521000 10,260,615.10 -49,384.90 FFCB 4YrNc1YrA 04/27/2020 1.420 7,700,000.00 7,700,000.00 99.008000 7,623,616.00 -76,384.00 FFCB 2.5YrNc3MoA 01/28/2019 1.110 25,000,000.00 25,000,000.00 99.416000 24,854,000.00 -146,000.00 FFCB 4YrNc1YrA 08/24/2020 1.320 10,000,000.00 10,000,000.00 98.317000 9,831,700.00 -168,300.00 FFCB 1.25Yr 12/22/2017 .700 15,000,000.00 14,988,000.00 99.836000 14,975,400.00 -12,600.00 FFCB 4YrNc1YrA 09/21/2020 1.350 10,000,000.00 10,000,000.00 98.541000 9,854,100.00 -145,900.00 FFCB 4YrNc1YrA 10/13/2020 1.340 15,000,000.00 15,000,000.00 97.867000 14,680,050.00 -319,950.00 FFCB 4YrNc3MoA 11/02/2020 1.380 10,000,000.00 10,000,000.00 97.661000 9,766,100.00 -233,900.00 FFCB 4YrNc1YrA 12/07/2020 1.770 10,000,000.00 10,000,000.00 99.387000 9,938,700.00 -61,300.00 FFCB 3YrNc1YrE 02/27/2020 1.710 10,000,000.00 10,000,000.00 100.000000 10,000,000.00 0.00 FFCB 1.5Yr 11/21/2018 1.250 10,000,000.00 9,987,200.00 99.823000 9,982,300.00 -4,900.00 FFCB 1.5Yr 11/21/2018 1.250 10,000,000.00 9,990,000.00 99.823000 9,982,300.00 -7,700.00 1.216 173,260,000.00 173,346,778.75 99.253703 171,966,966.10 -1,379,812.65 FFCB 5Yr 10/10/2019 1.187 15,000,000.00 15,000,000.00 100.246000 15,036,900.00 36,900.00 FFCB 5Yr 10/10/2019 1.187 25,000,000.00 25,000,000.00 100.246000 25,061,500.00 61,500.00 FFCB 5Yr 10/10/2019 1.187 10,000,000.00 9,997,560.00 100.246000 10,024,600.00 27,040.00 FFCB 2Yr 02/09/2018 1.176 15,000,000.00 15,000,000.00 100.138000 15,020,700.00 20,700.00 FFCB 2Yr 02/09/2018 1.176 20,000,000.00 20,000,000.00 100.138000 20,027,600.00 27,600.00 FFCB 3Yr 11/23/2018 1.336 10,000,000.00 10,006,056.38 100.318000 10,031,800.00 25,743.62 FFCB 3Yr 02/25/2019 1.486 15,000,000.00 15,000,000.00 100.570000 15,085,500.00 85,500.00 FFCB 3Yr 02/25/2019 1.486 5,000,000.00 5,000,000.00 100.570000 5,028,500.00 28,500.00 FFCB 2.5Yr 09/17/2018 1.429 5,000,000.00 5,000,000.00 100.407000 5,020,350.00 20,350.00 FFCB 3 Yr 04/04/2019 1.276 25,000,000.00 25,000,000.00 100.452000 25,113,000.00 113,000.00 FFCB 4Yr 04/01/2020 1.286 25,000,000.00 25,000,000.00 100.670000 25,167,500.00 167,500.00 FFCB 4Yr 04/13/2020 1.372 50,000,000.00 50,000,000.00 100.696000 50,348,000.00 348,000.00 FFCB 5Yr 05/25/2021 1.486 10,000,000.00 10,000,000.00 100.711000 10,071,100.00 71,100.00 FFCB 5Yr 05/25/2021 1.486 10,000,000.00 10,000,000.00 100.711000 10,071,100.00 71,100.00 FFCB 3Yr 07/15/2019 1.349 5,000,000.00 5,000,000.00 100.482000 5,024,100.00 24,100.00 FFCB 3Yr 10/11/2019 1.297 15,000,000.00 15,000,000.00 100.493000 15,073,950.00 73,950.00 FFCB 3Yr 10/24/2019 1.396 15,000,000.00 15,000,000.00 100.501000 15,075,150.00 75,150.00 FFCB 3Yr 11/14/2019 1.309 15,000,000.00 15,000,000.00 100.502000 15,075,300.00 75,300.00 FFCB 3Yr 11/14/2019 1.309 15,000,000.00 15,000,000.00 100.502000 15,075,300.00 75,300.00 1.310 305,000,000.00 305,003,616.38 100.469492 306,431,950.00 1,428,333.62 FAMCA 3Yr 09/05/2017 1.120 8,850,000.00 8,850,000.00 100.024000 8,852,124.00 2,124.00 FAMCA 1Yr 12/27/2017 .945 25,000,000.00 25,000,000.00 99.946000 24,986,500.00 -13,500.00 FAMCA 1 Yr 05/15/2018 1.250 25,000,000.00 25,000,000.00 99.813000 24,953,250.00 -46,750.00 FAMCA 1Yr 05/10/2018 1.150 25,000,000.00 25,000,000.00 99.855000 24,963,750.00 -36,250.00 FAMCA 1YrNc6MoB 04/19/2018 1.250 25,000,000.00 25,000,000.00 99.893000 24,973,250.00 -26,750.00 FAMCA 1YrNc6MoB 04/19/2018 1.250 25,000,000.00 25,000,000.00 99.893000 24,973,250.00 -26,750.00 FAMCA 1YrNc6MoB 04/19/2018 1.250 15,000,000.00 15,000,000.00 99.893000 14,983,950.00 -16,050.00 FAMCA 2Yr 08/15/2018 1.250 5,000,000.00 4,996,000.00 99.879000 4,993,950.00 -2,050.00 1.177 153,850,000.00 153,846,000.00 99.889518 153,680,024.00 -165,976.00 FAMCA 1Yr 12/22/2017 1.226 25,000,000.00 25,000,000.00 100.075000 25,018,750.00 18,750.00 FAMCA 1 Yr 04/03/2018 1.006 50,000,000.00 50,000,000.00 100.151000 50,075,500.00 75,500.00 1.079 75,000,000.00 75,000,000.00 100.125667 75,094,250.00 94,250.00 FAMCA 3Yr 03/19/2019 1.337 10,000,000.00 10,000,000.00 100.476000 10,047,600.00 47,600.00 FAMCA 3Yr 07/26/2019 1.307 15,000,000.00 15,000,000.00 100.652000 15,097,800.00 97,800.00 1.319 25,000,000.00 25,000,000.00 100.581600 25,145,400.00 145,400.00 UC REGENTS 07/25/2017 .950 47,450,000.00 47,344,819.17 100.000000 47,450,000.00 105,180.83 UC REGENTS 08/10/2017 .950 55,000,000.00 54,878,083.33 99.778330 54,878,081.50 -1.83 UC REGENTS 09/19/2017 1.180 25,000,000.00 24,931,986.11 99.727940 24,931,985.00 -1.11 .995 127,450,000.00 127,154,888.61 99.850974 127,260,066.50 105,177.89 CALIFORNIA STATE 09/13/2017 1.250 15,000,000.00 15,000,000.00 99.997000 14,999,550.00 -450.00 CALIFORNIA STATE 09/14/2017 1.250 8,000,000.00 8,000,000.00 99.997000 7,999,760.00 -240.00 1.250 23,000,000.00 23,000,000.00 99.997000 22,999,310.00 -690.00 CONNECTICUT STATE 08/01/2018 2.250 25,000,000.00 25,613,250.00 100.392000 25,098,000.00 -515,250.00 WASHINGTON STATE 08/01/2017 .830 12,885,000.00 12,885,000.00 99.977000 12,882,036.45 -2,963.55 TEXAS STATE 10/01/2019 1.497 5,000,000.00 5,000,000.00 99.484000 4,974,200.00 -25,800.00 TEXAS STATE 10/01/2017 .723 7,500,000.00 7,500,000.00 99.937000 7,495,275.00 -4,725.00 OHIO STATE 05/01/2018 1.250 9,535,000.00 9,597,549.60 99.873000 9,522,890.55 -74,659.05 1975: FMAC-Var-Q A/360 2300: MUNIS-ZERO CPN-Mat 13068CBU8 1950: FMAC-Fxd-S 30/360 3132X0MC2 3132X0RB9 1965: FMAC-Var-M A/360 1770: FHLB-Var-Q A/360 313313SE9 1925: FFCB-Fxd-S 30/360 3133EGC94 3133EGR49 1760: FHLB-STEP%-Q 30/360 1765: FHLB-STEP%-S 30/360 1767: FHLB-Var-M A/360 3130A8XH1 3130ABB21 3133EFT56 3132X0LX7 3132X0ED9 2350: MUNIS-S 30/360 3132X0EV9 1900: FFCB-DISC NOTE 3133EHNY5 3133EDXQ0 3133EDXQ0 3133EFNK9 91411SWK2 1.380 3133EHNY5 1.342 3133EGNY7 1.320 1.350 1.198 3130AA2T4 .3843130AA4U9 .441 .920 .642 .652 3130A9AE1 .908 1.241 1.255 .871 .382 313381B20 1.154 .854 .860 1.444 2.041 2.071 .910 .439 .920 1.103 1.120 1.125 2.102 2.126 1.125 2.102 2.126 1.350 4.103 4.255 4.103 4.2553130A9DA6 1.600 4.267 4.4473130AA2T4 1.350 1.600 4.267 4.447 3.233 1.700 4.254 4.444 1.508 4.188 4.358 3.207 3.249 1.372 1.366 3.189 3130A9FR7 3130A9FM8 1.366 3.189 3.233 1.372 1.369 3.198 3.241 3.207 3.249 .613 .019 .019 3130A8NF6 1.273 2.955 3.005 1.273 2.955 3.005 1.049 .564 .570 .830 .291 .294 3133EFHH3 1.110 1.276 1.293 .650 .237 .238 1.250 1.718 1.745 1.420 2.753 2.827 1.110 1.553 1.581 3.062 3.153 3133EGVM4 .765 .477 .479 3133EGSA4 3.134 3.230 3133EGXX8 1.340 3.196 3.290 3133EGVK8 3.245 3.345 1.770 3.316 3.441 1.710 2.573 2.663 1.373 1.395 1.322 1.373 1.395 1.194 1.875 1.924 1.187 2.270 2.279 1.187 2.270 2.279 2.269 2.279 1.176 .607 .614 1.176 .607 .614 1.292 1.392 1.400 3133EFE52 1.486 1.641 1.658 1.486 1.641 1.658 1.429 1.208 1.216 1.276 1.749 1.762 1.286 2.723 2.756 1.372 2.755 2.789 3133EGCE3 1.486 3.844 3.904 3133EF2Z9 2.318 1.486 3.844 3.904 3133EGLV5 1.349 2.026 2.041 3133EGYA7 3133EGCE3 2.349 2.375 3133EGF67 3133EGF67 1.297 2.259 2.282 3133EGZS7 1.396 2.295 1.309 2.174 2.197 1.309 2.349 2.375 1.309 1.250 .795 .803 1.120 .182 .184 .945 .490 .493 1.250 .866 .874 1.150 .853 .860 1.250 .795 .803 1.250 .795 .803 1.320 1.113 1.126 1.179 .741 .748 1.226 .477 .479 2.071 1.006 .755 .759 1.079 .662 .666 1.930 1.337 1.706 1.718 1.307 2.048 .952 .068 .06891411SUR9 1.319 1.911 .111 .112 1.183 .219 .222 .997 .116 .117 .952 1.250 .205 .205 1.250 .207 .208 1.250 .206 .206 .830 .087 .088 1.398 1.062 1.088 1.497 2.199 2.255 .723 .254 .255 .940 .829 .836 91411SVA5 882723A33 93974DSZ2 13068CBV6 20772JL34 3132X0QY0 31315P2K4 3130A9FR7 3130A9FU0 3130AA5A2 3130AAUT3 3130A9DH1 3130A8UH4 313313HV3 3133EHAJ2 3133EF5D5 3133EFEM5 3133EFV38 1930: FFCB-Var-M A/360 3133EDXQ0 3133EFNK9 3133EFE52 3133EFQJ9 3133EFM61 3133EFP84 3132X0SB8 3132X0SB8 2301: MUNIS CP-Mat A/365-6 3132X0RW3 3132X0SU6 3132X0SB8 882723ZZ5 677522HW7 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 1165 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss CUSIP Month End Portfolio Holdings Yield To Maturity Modified Duration Years To Maturity HAWAII STATE 04/01/2019 1.380 4,990,000.00 4,990,000.00 99.438000 4,961,956.20 -28,043.80 HAWAII STATE 04/01/2020 1.660 5,055,000.00 5,055,000.00 99.238000 5,016,480.90 -38,519.10 HAWAII STATE 04/01/2018 1.250 4,925,000.00 4,933,569.50 99.851000 4,917,661.75 -15,907.75 RHODE ISLAND STATE 05/01/2018 1.250 2,595,000.00 2,607,144.60 99.841000 2,590,873.95 -16,270.65 RHODE ISLAND STATE 05/01/2020 1.625 2,660,000.00 2,670,719.80 98.839000 2,629,117.40 -41,602.40 RHODE ISLAND STATE 05/01/2019 1.375 2,625,000.00 2,636,838.75 99.521000 2,612,426.25 -24,412.50 CALIFORNIA STATE 04/01/2018 .900 41,290,000.00 41,120,711.00 99.552000 41,105,020.80 -15,690.20 GEORGIA STATE 07/01/2017 3.000 6,110,000.00 6,247,413.90 100.000000 6,110,000.00 -137,413.90 GEORGIA STATE 07/01/2020 3.000 6,825,000.00 7,254,770.25 106.297000 7,254,770.25 0.00 GEORGIA STATE 07/01/2018 3.000 6,345,000.00 6,602,480.10 104.058000 6,602,480.10 0.00 GEORGIA STATE 07/01/2019 3.000 6,580,000.00 6,943,874.00 105.530000 6,943,874.00 0.00 ARKANSAS STATE 06/01/2018 2.250 12,810,000.00 13,139,473.20 100.826000 12,915,810.60 -223,662.60 ARKANSAS STATE 06/01/2019 2.000 13,470,000.00 13,837,192.20 101.015000 13,606,720.50 -230,471.70 HAWAII STATE 10/01/2018 1.000 4,870,000.00 4,878,473.80 99.438000 4,842,630.60 -35,843.20 HAWAII STATE 10/01/2019 1.151 2,250,000.00 2,253,262.50 98.750000 2,221,875.00 -31,387.50 HAWAII STATE 10/01/2020 1.370 2,250,000.00 2,254,320.00 98.183000 2,209,117.50 -45,202.50 CALIFORNIA STATE 11/01/2017 1.750 9,480,000.00 9,569,301.60 100.141000 9,493,366.80 -75,934.80 CALIFORNIA STATE 11/01/2017 .850 75,000,000.00 75,036,750.00 99.855000 74,891,250.00 -145,500.00 CALIFORNIA STATE 11/01/2018 1.050 50,000,000.00 50,098,500.00 99.319000 49,659,500.00 -439,000.00 HAWAII STATE 08/01/2017 1.231 22,165,000.00 22,241,025.95 99.991000 22,163,005.15 -78,020.80 OREGON STATE 05/01/2019 1.450 1,830,000.00 1,829,981.70 99.601000 1,822,698.30 -7,283.40 OREGON STATE 04/01/2019 1.440 1,750,000.00 1,749,982.50 99.745000 1,745,537.50 -4,445.00 OREGON STATE 04/01/2018 1.020 1,735,000.00 1,734,982.65 99.713000 1,730,020.55 -4,962.10 OREGON STATE 05/01/2018 1.030 1,560,000.00 1,559,984.40 99.662000 1,554,727.20 -5,257.20 CALIFORNIA STATE 04/01/2018 1.248 33,000,000.00 33,000,000.00 99.806000 32,935,980.00 -64,020.00 1.349 382,090,000.00 384,841,552.00 100.109739 382,509,303.30 -2,332,248.70 NESTLE 07/06/2017 .770 35,000,000.00 34,888,456.94 99.983750 34,994,312.50 105,855.56 TOYOTA MOTOR CORP 07/14/2017 1.060 25,000,000.00 24,890,319.44 99.957750 24,989,437.50 99,118.06 TOYOTA MOTOR CORP 07/17/2017 1.070 40,000,000.00 39,826,422.22 99.948000 39,979,200.00 152,777.78 TOYOTA MOTOR CORP 09/26/2017 1.207 35,000,000.00 34,787,666.67 99.712417 34,899,345.95 111,679.28 NESTLE 07/03/2017 .910 50,000,000.00 49,884,986.11 99.993500 49,996,750.00 111,763.89 NESTLE 08/31/2017 .990 50,000,000.00 49,793,750.00 99.798361 49,899,180.50 105,430.50 APPLE 07/17/2017 .940 35,000,000.00 34,904,041.67 99.948000 34,981,800.00 77,758.33 APPLE 07/10/2017 .920 40,000,000.00 39,900,844.44 99.970750 39,988,300.00 87,455.56 NESTLE 09/01/2017 .970 20,000,000.00 19,919,166.67 99.795056 19,959,011.20 39,844.53 NESTLE 08/04/2017 .930 20,000,000.00 19,938,000.00 99.889500 19,977,900.00 39,900.00 APPLE 09/05/2017 1.000 15,000,000.00 14,936,666.67 99.781833 14,967,274.95 30,608.28 TOYOTA MOTOR CORP 07/06/2017 1.000 25,000,000.00 24,936,875.00 99.983750 24,995,937.50 59,062.50 NESTLE 08/10/2017 .980 15,000,000.00 14,951,000.00 99.870000 14,980,500.00 29,500.00 APPLE 08/21/2017 .980 50,000,000.00 49,821,250.00 99.834250 49,917,125.00 95,875.00 TOYOTA MOTOR CORP 07/12/2017 1.010 30,000,000.00 29,927,616.67 99.964250 29,989,275.00 61,658.33 TOYOTA MOTOR CORP 07/18/2017 1.000 50,000,000.00 49,876,555.56 99.944750 49,972,375.00 95,819.44 APPLE 09/12/2017 .994 35,000,000.00 34,866,212.50 99.758694 34,915,542.90 49,330.40 MICROSOFT CORP 07/20/2017 .890 25,000,000.00 24,948,083.33 99.938250 24,984,562.50 36,479.17 MICROSOFT CORP 08/01/2017 .900 50,000,000.00 49,886,250.00 99.899250 49,949,625.00 63,375.00 DEXIA (GUARANTEE)12/06/2017 1.320 25,000,000.00 24,807,888.89 99.447000 24,861,750.00 53,861.11 APPLE 09/18/2017 1.024 45,000,000.00 44,840,625.00 99.738861 44,882,487.45 41,862.45 NATL SEC CLEARING 08/21/2017 1.053 50,000,000.00 49,868,750.00 99.834250 49,917,125.00 48,375.00 NESTLE 07/25/2017 .900 50,000,000.00 49,925,000.00 99.922000 49,961,000.00 36,000.00 MICROSOFT CORP 07/24/2017 1.021 50,000,000.00 49,936,250.00 99.925250 49,962,625.00 26,375.00 NATL SEC CLEARING 12/07/2017 1.278 25,000,000.00 24,840,368.06 99.443500 24,860,875.00 20,506.94 MICROSOFT CORP 07/24/2017 1.020 45,000,000.00 44,946,450.00 99.925250 44,966,362.50 19,912.50 NATL SEC CLEARING 07/27/2017 1.030 50,000,000.00 49,935,625.00 99.915500 49,957,750.00 22,125.00 DEXIA (GUARANTEE)09/08/2017 1.140 50,000,000.00 49,862,250.00 99.771917 49,885,958.50 23,708.50 NATL SEC CLEARING 07/13/2017 1.100 46,500,000.00 46,460,216.67 99.961000 46,481,865.00 21,648.33 DEXIA (GUARANTEE)09/08/2017 1.160 25,000,000.00 24,932,333.33 99.771917 24,942,979.25 10,645.92 DEXIA (GUARANTEE)01/16/2018 1.300 25,000,000.00 24,808,291.67 99.242694 24,810,673.50 2,381.83 DEXIA (GUARANTEE) 10/17/2017 1.215 50,000,000.00 49,793,291.67 99.634000 49,817,000.00 23,708.33 PROCTER & GAMBLE 07/13/2017 1.080 50,000,000.00 49,968,500.00 99.961000 49,980,500.00 12,000.00 NATL SEC CLEARING 01/02/2018 1.300 40,000,000.00 39,721,222.22 99.295972 39,718,388.80 -2,833.42 DEXIA (GUARANTEE) 09/22/2017 1.140 40,000,000.00 39,888,533.33 99.725639 39,890,255.60 1,722.27 APPLE 02/12/2018 1.340 25,000,000.00 24,788,493.06 99.139944 24,784,986.00 -3,507.06 WAL-MART STORES INC 07/24/2017 1.100 15,000,000.00 14,988,541.67 99.925250 14,988,787.50 245.83 WAL-MART STORES INC 07/10/2017 1.070 85,000,000.00 84,972,209.72 99.970750 84,975,137.50 2,927.78 1.049 1,436,500,000.00 1,432,169,004.18 99.824849 1,433,983,962.10 1,814,957.92 APPLE 05/03/2018 1.000 20,000,000.00 19,940,200.00 99.638000 19,927,600.00 -12,600.00 WAL-MART 04/11/2018 1.125 21,875,000.00 21,846,781.25 99.793000 21,829,718.75 -17,062.50 APPLE 05/03/2018 1.000 6,000,000.00 5,983,560.00 99.638000 5,978,280.00 -5,280.00 WAL-MART 04/11/2018 1.125 6,000,000.00 5,991,780.00 99.793000 5,987,580.00 -4,200.00 APPLE 05/03/2018 1.000 10,000,000.00 9,970,000.00 99.638000 9,963,800.00 -6,200.00 1.055 63,875,000.00 63,732,321.25 99.705642 63,686,978.75 -45,342.50 TORONTO DOMINION 08/14/2017 1.120 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 TORONTO DOMINION 09/13/2017 1.170 40,000,000.00 40,000,000.00 100.000000 40,000,000.00 0.00 TORONTO DOMINION 08/15/2017 1.040 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 TORONTO DOMINION 08/14/2017 1.090 45,000,000.00 45,000,000.00 100.000000 45,000,000.00 0.00 TORONTO DOMINION 12/22/2017 1.350 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 TORONTO DOMINION 09/19/2017 1.250 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 1.184 210,000,000.00 210,000,000.00 100.000000 210,000,000.00 0.00 1.127 6,753,824,804.07 6,749,832,051.31 99.734116 6,735,867,498.24 -13,964,553.07 1.127 6,753,824,804.07 6,749,832,051.31 99.734116 6,735,867,498.24 -13,964,553.07 68609BYC5 3020: COMMERCIAL PAPER 63763PUT4 25214P7G2 3733845L6 041042ZS4 041042ZT2 13063C4U1 13063C4V9 68609BXK8 1.116 1.101 1.130Grand Total 1.116 1.101 1.130Total Fund 89113W3Z7 1.250 .219 .222 1.184 .233 .236 89113WV29 1.090 .122 .123 89113W3V6 1.350 .473 .479 89113WM37 1.170 .203 .205 89113WR40 1.040 .125 .126 89113WM52 1.120 .122 .123 4500: NCD-Mat A/360 037833AJ9 1.290 .834 .841 1.270 .807 .815 037833AJ9 1.261 .834 .841 931142DF7 1.264 .773 .781 037833AJ9 1.280 .834 .841 931142DF7 1.255 .773 .781 1.052 .140 .142 3130: CORP-Fxd-S 30/360 93114EUQ8 1.101 .065 .066 93114EUA3 1.070 .027 .027 25214PA52 1.143 .227 .230 03785EBC7 1.341 .613 .622 1.081 .035 .036 63763QA23 1.309 .503 .510 25214PA29 1.300 .541 .548 1.215 .295 .299 63763PUD9 1.101 .035 .036 25214P7L1 1.163 .189 .192 64105GU36 03785DUA2 1.031 .073 .074 1.143 .189 .192 64105GUR3 59515MUQ6 64105GVX9 64105GV43 89233GU61 03785DVM5 .065 .066 63763PZ77 1.278 .433 .438 59515MUQ6 1.021 .901 .068 .068 1.021 .065 .066 .436 03785DWJ1 1.024 .217 .219 63763PVM8 1.053 .141 .142 25214P6Z1 .430 .054 .902 .087 419792NE2 1.340 419792JG2 1.380 1.720 1.753 1.660 2.670 2.756 1.160 .745 .753 .746 .753 1.010 .829 .836 1.520 2.755 2.838 .003 .003 1.370 2.838 3.005 76222RUL4 1.220 1.805 1.836 13063CP79 1.922 2.003 .840 .910 .921 3733845J1 .930 .977 1.003 1.881 1.921 419792ND4 .911 1.240 1.255 2.213 2.255 1.319 3.163 3.258 .820 .338 1.836 .340 .800 .338 .340 .950 1.322 1.340 1.719 1.753 1.021 .746 .753 .771 .087 .088 1.450 1.802 .016 1.030 .829 .836 1.248 .745 .753 .046 .047 1.017 .899 .917 .772 4197915F1 .016 89233GUH7 1.075 1.065 1.024 1.110 .701 1.127 1.207 1.441 1.101 .912 .008 .008 .238 .241 .038 .038 .994 .168 .170 .943 .046 .047 .922 .027 .027 .974 .171 .173 .933 .095 .096 64105GW18 03785DW51 1.004 .182 .184 1.013 .016 .016 64105GVA9 .983 .111 .112 .994 .141 .142 89233GUC8 1.012 .033 .033 .088 .994 .201 .203 59515MUL7 .892 .055 03785DWC6 59515MV10 1.013 .049 .049 419792JH0 419792JF4 89233GUE4 68609BYB7 419792NF9 13063CFC9 3733845K8 76222RUK6 76222RUM2 3733845H5 68609BXJ1 13063DAA6 25214P7M9 74271TUD3 03785DUH7 89233GWS1 64105GU69 89233GUJ3 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 1266 1 Mutual Funds maturity may be interpreted as weighted average maturity not exceeding 60 days. 2 Or must have an investment advisor with not less than 5 years experience and with assets under management of $500,000,000. THIS COMPLETES THE REPORT REQUIREMENTS OF CALIFORNIA GOVERNMENT C0DE 53646 Investment Category Maximum Maturity Authorized % Limit S&P/ Moody's Maximum Maturity Authorized % Limit S&P/ Moody's Actual % MUNICIPAL BONDS (MUNI) 5 YEARS NO LIMIT NA 4 YEARS 15% AA-/Aa3/AA-7.93% U.S. TREASURIES 5 YEARS NO LIMIT NA 5 YEARS 100%NA 5.40% LOCAL AGENCY OBLIGATIONS (LAO) 5 YEARS NO LIMIT NA 3 YEARS 2.5% INVESTMENT GRADE 0.003% FEDERAL AGENCIES 5 YEARS NO LIMIT AAA 5 YEARS 100%NA 45.26% COMMERCIAL PAPER (CP)270 DAYS 40% A1/P1 270 DAYS 40%A1/P1/F1 21.22% CERTIFICATE & TIME DEPOSITS (NCD & TCD) 5 YEARS 30% NA 1 YEAR 25% Combined A1/P1/F1 3.11% REPURCHASE AGREEMENTS (REPO) 1 YEARS NO LIMIT NA 45 DAYS 40% max, 25% in term repo over 7 days A1/P1/F1 0.00% REVERSE REPOS 92 DAYS 20% NA 60 DAYS 10%NA 0.00% MEDIUM TERM NOTES (MTNO) 5 YEARS 30% A 3 YEARS 20%AA/Aa2/AA 0.94% CALTRUST SHORT TERM FUND NA NA NA DAILY LIQUIDITY 1.0% NA 0.80% MONEY MARKET MUTUAL FUNDS (MMF) 60 DAYS (1)20% AAA/Aaa (2) DAILY LIQUIDITY 20% AAA by 2 Of 3 RATINGS AGC. 11.63% LOCAL AGENCY INVESTMENT FUND (LAIF) NA NA NA DAILY LIQUIDITY Max $50 million NA 0.00% CASH/DEPOSIT ACCOUNT NA NA NA NA NA NA 3.70% GOVERNMENT CODE COUNTY INVESTMENT POLICY The Treasurer’s Pooled Investment Fund was in FULL COMPLIANCE with the Treasurer’s Statement of Investment Policy. The County’s Investment Policy is more restrictive than the California Government Code. This policy is reviewed annually by the County’s Investment Oversight Committee and approved by the County Board of Supervisors. Full Compliance COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 13 67 AGENDA ITEM 8 Agenda Item 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 28, 2017 TO: Budget and Implementation Committee FROM: Theresia Trevino, Chief Financial Officer THROUGH: John Standiford, Deputy Executive Director SUBJECT: Extension of the Commercial Paper Program Standby Letter of Credit STAFF RECOMMENDATION: This item is for the Commission to: 1) Ratify the Request for Extension of the Reimbursement Agreement, dated as of October 1, 2014, by and between the Commission and State Street Bank and Trust Company (State Street Bank), relating to the Commission’s Commercial Paper Notes, Series A; 2) Ratify the draft Fee Agreement No. 14-19-150-01, Amendment No. 1 to Agreement No. 14-19-150-00, between the Commission and State Street Bank relating to the Commission’s Commercial Paper Notes, Series A in an amount not to exceed $800,000, and the authorization for the Executive Director and/or other authorized representative to approve and execute the final fee agreement amendment; and 3) Forward to the Commission for final action. BACKGROUND INFORMATION: In March 2005, the Commission established a commercial paper program to advance right of way acquisition, environmental mitigation, and project development related to the 2009 Measure A. In October 2014, a three-year, $60 million direct pay letter of credit with State Street Bank was obtained as a liquidity facility for the commercial paper program; it functions as security for investors in the Commission’s commercial paper notes if the Commission were unable to refinance the notes at maturity. The letter of credit expires on October 6, 2017. Additionally, in March 2005, the Commission entered into an agreement with Barclays, as assigned by Lehman Brothers and as amended from time to time, to serve as the commercial paper dealer for the Series A Commercial Paper Notes. The recent plans of finance for the Interstate 15 Express Lanes Project and 91 Project completion included retiring all outstanding commercial paper notes and maintaining the $60 million commercial paper program primarily for the 91 Project completion costs; accordingly, the 68 Agenda Item 8 Measure A sales tax limitation of $975 million will not be exceeded. Future issuances of commercial paper notes will likely be retired at a later date through the issuance of long-term sales tax bonds. In June 2017, the Commission’s financial advisors, Fieldman Rolapp and Associates, Inc. (Fieldman), requested from State Street Bank an indication of interest to extend, and related fee proposal, the existing letter of credit and reimbursement agreement to support the commercial paper program. State Street Bank responded affirmatively with fee proposals for a one-year term, two-year term, and three-year term. The proposed fees were higher than the current fee, which was expected primarily as a result of recent international and national banking reforms, including changes to capital reserve requirements related to loans and contingent liabilities. Nonetheless, Fieldman negotiated with State Street Bank to obtain a lower fee for a three-year term through October 7, 2017, that is approximately 40 percent higher than the current fee however, less than the 105 basis points fee and 52.5 basis points fee obtained in 2010 and 2012, respectively. Staff and Fieldman believe the increased cost is consistent with the results obtained by other comparable local governments and that a competitive procurement and related professional costs for a new letter of credit and reimbursement agreement would not result in an improvement in the costs related to an extension. The estimated costs for professional services related to the amendment of the letter of credit are $25,000. The costs primarily include fees for the financial advisor, bond counsel, bank counsel, and disclosure counsel. The Fiscal Year 2017/18 budget includes sufficient amounts for the liquidity facility fees and for professional services costs, and a budget adjustment is not required. In connection with the authorizing Resolution No. 14-027 for the current letter of credit and reimbursement agreement related to the commercial paper program, the Commission authorized the Commission’s representatives to take any action necessary for the amendment of documents without further authorization by the Commission. On August 8, staff submitted to State Street Bank a request for extension, which is included as an attachment. Subsequently on August 17, State Street Bank submitted a draft notice of extension and draft fee agreement amendment, which are included as attachments. Although Commission approval of the request for extension and fee agreement amendment are not required, staff requests their ratification. Financial Information In Fiscal Year Budget: Yes N/A Year: FY 2017/18 FY 2018/19+ Amount: $ 212,000 $ 613,000 Source of Funds: 2009 Measure A Western County Bond Financing Budget Adjustment: No N/A GL/Project Accounting No.: 264 19 65XXX $25,000 (professional services) 264 19 65505 $800,000 (letter of credit bank fees) Fiscal Procedures Approved: Date: 08/17/2017 69 Agenda Item 8 Attachments: 1) Request for Extension dated August 8, 2017 2) Draft Notice of Extension 3) Draft Amendment to the Fee Agreement 70 Riverside County Transportation Commission 4080 Lemon St re et, 3rd Floor • Riverside, CA 92501 Mailing Address : P. 0 . Bo x 12008 • Riverside , CA 92502-2208 (951) 787-7141 • Fax (951) 787-7920 • www.rctc.org Irrevocable Direct Pay Letter of Credit SSBTC No . ILC 1714/BSN August 8, 2017 State Street Bank and Trust Company Loan Operations Department Attention: Standby Letter of Credit Unit Mailstop: CPH0453 100 Huntington Avenue, Tower 1, 4th Floor Boston, MA 02116 Ladies and Gentlemen: The undersigned, a duly authorized representative of the undersigned Riverside County Transportation Commission (the "Obligor''), hereby certifies to State Street Bank and Trust Company (the "Bank''), with reference to Irrevocable Letter of Credit SSBTC No . ILC 1714/BSN (the "Letter of Credit" the terms defined therein and not otherwise defined herein being used herein as therein defined) issued by the Bank in favor of the Issuing and Paying Agent, as follows: 1. Pursuant to Section 2.12(a) of the Reimbursement Agreement dated as of October 1, 2014 (the "Reimbursement Agreement" to which reference is made for the definition of capitalized terms not otherwise defined herein), by and between the Obligor and the Bank , the Obligor hereby requests an extension of the Stated Expiration Date to October 31, 2020 . 2. All representations and warranties contained in Section 4 of the Reimbursement Agreement are true and correct and will be true and correct as of the date of this Certificate as if made on and as of the date hereof and no Default, Event of Default or Rating Event has occurred and is continuing or will occur as a result of the extension of the Stated Expiration Date of the Letter of Credit . IN WITNESS WHEREOF, the undersigned has executed and delivered this certificate as of the 8th day of August, 2017. Very truly yours, RIVERSIDE COUNTY TRANSPORTATION COMMISSION By \~ Name: Theresia Trevino Title : Chief Financial Officer c: Judith Hyppolite, U.S . Bank as Issuing and Paying Agent ATTACHMENT 1 71 NOTICE OF EXTENSION IRREVOCABLE DIRECT PAY LETTER OF CREDIT (SSBTC NO. ILC-1714/BSN) Beneficiary: U.S. Bank National Association 100 Wall Street, 16th Floor New York, NY 10005 Attention: Global Corporate Trust Services Telephone: (212) 361-2892 Facsimile: (212) 514-5217 Re: Notice of Extension Ladies and Gentlemen: Reference is hereby made to that certain Irrevocable Direct-Pay Letter of Credit (SSBTC NO. ILC-1714/BSN) dated October 7, 2014 (the “Letter of Credit”), as established by us in your favor as Beneficiary. We hereby notify you that, in accordance with the terms of the Letter of Credit, the Stated Expiration Date (as defined in the Letter of Credit) has been extended to October 7, 2020. You are hereby authorized to attach this Notice of Extension to the Letter of Credit and to treat this Notice of Extension as an amendment to the Letter of Credit. ATTACHMENT 2 72 IN WITNESS WHEREOF, we have executed and delivered this certificate to the Issuing and Paying Agent as of the ____ day of ___________, 2017. Very truly yours, STATE STREET BANK AND TRUST COMPANY By: Name: Title: By: Name: Title: Acknowledged as of ______________, 2017 by U.S. Bank National Association, as Issuing and Paying Agent By Name: Title: 73 NP DRAFT 8/16 15096233.4 FIRST AMENDMENT TO FEE AGREEMENT August __, 2017 Riverside County Transportation Commission Riverside, California Ladies and Gentlemen: Reference is made to the Letter of Credit and Reimbursement Agreement, dated as of October 1, 2014 (as the same may be amended and supplemented from time to time, the “Agreement”), between the Riverside County Transportation Commission (the “Obligor”) and State Street Bank and Trust Company (the “Bank”). Reference is further made to that certain Irrevocable Direct- Pay Letter of Credit (SSBTC NO. ILC -1714/BSN) dated October 7, 2014, as extended pursuant to the terms thereof pursuant to that certain Notice of Extension of Letter of Credit dated the date hereof (the “Extension”). Any capitalized term herein that is defined in the Agreement shall have the same meaning when used herein. In order to induce the Bank to provide the Extension, the Obligor and the Bank hereby agree as follows: Section 1. The Bank and the Obligor agree to amend Section (A)(1) of the Fee Agreement, dated October 7, 2014 (the “Original Fee Agreement”), pursuant to this First Amendment to Fee Agreement, dated the date hereof (this “First Amendment”, and, the Original Fee Agreement, as amended by this First Amendment, the “Revised Fee Agreement”), by deleting Section (A)(1) in the Original Fee Agreement in its entirety and replacing it with the following: “(A) Commitment Fee. (1) The Obligor agrees to pay to the Bank a commitment fee (the “Commitment Fee”) at the rate of 0.__% per annum (the initial “Commitment Fee Rate”) of the daily average Stated Amount of the Letter of Credit in effect from time to time as may be adjusted from time to time pursuant to the table below: Level Senior Lien Bonds Rating (Moody’s/S&P/Fitch) Commitment Fee Rate I Aa3/AA-/AA- or above 0.__% II A1/A+/A+ 0.__% III A2/A/A 0.__% IV A3/A-/A- 0.__% ATTACHMENT 3 74 - 2 - V Baa1/BBB+/BBB+ 1.__% VI Baa2/BBB/BBB 1.__% VII Baa3/ BBB-/BBB- 1.__% VIII Below Baa3/ BBB-/BBB- or Rating Suspension, Withdrawal or Cancellation Event of Default” Section 2. The Bank and the Obligor hereby agree that all references to the “Fee Agreement” in the Agreement shall refer to the Revised Agreement, i.e., the Original Agreement as amended by this First Amendment. Furthermore, the Original Fee Agreement is amended to the extent provided in this First Amendment and, except as specifically provided herein, the Original Agreement shall remain in full force and effect in accordance with its terms. Section 3. On or before the date hereof, the Obligor will pay to the Bank’s counsel (Nixon Peabody LLP) its fees and expenses incurred in connection with the preparation and execution of this First Amendment and the Extension in an amount not to exceed $[5,000]. Section 4. This First Amendment may be executed in any number of counterparts, each of which shall be an original, and all of which, when taken together, shall constitute one agreement. Delivery of an executed signature page of this First Amendment by electronic transmission shall be effective as delivery of a manually executed counterpart hereof. Section 5. The Revised Fee Agreement shall be subject to Section 8.8 of the Agreement. Section 6. The Revised Fee Agreement is delivered to the Obligor on the understanding that, except as customarily submitted to Obligor members or as required by law, regulation or a court of competent jurisdiction or in connection with a dispute, including but not limited to legal proceedings, between the Obligor and the Bank, the Obligor will use its best efforts, without liability, to ensure that neither the Revised Fee Agreement nor any of its terms shall be disclosed directly by the Obligor to any other financial institution nor posted to the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access system. The Bank acknowledges that the Revised Fee Agreement is subject to open records requests received by the Obligor and will be submitted to Obligor members and discussed in open meetings as is customary practice and procedure for the Obligor. Should the Revised Fee Agreement be disclosed pursuant to such a request or procedures, the Obligor shall have no responsibility or liability for the further dissemination of the Revised Fee Agreement or any of the information contained therein to other persons. [Remainder of page intentionally left blank.] 75 NP DRAFT 8/16 S-1 Please confirm that the foregoing is the Obligor’s understanding by signing and returning to the Bank an executed counterpart of this First Amendment. This First Amendment shall become effective as of the date first above referenced upon the Bank’s receipt of an executed counterpart of this First Amendment from the Obligor. Very truly yours, STATE STREET BANK AND TRUST COMPANY By: Name:____________________________________ Title:_____________________________________ Accepted and agreed to as of the date first written above by: RIVERSIDE COUNTY TRANSPORTATION COMMISSION By: Name: Title: 76 AGENDA ITEM 9 Agenda Item 9 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 28, 2017 TO: Budget and Implementation Committee FROM: Jillian Guizado, Senior Legislative Affairs Analyst THROUGH: Aaron Hake, External Affairs Director SUBJECT: State and Federal Legislative Update STAFF RECOMMENDATION: This item is for the Committee to: 1) Receive and file an update on state and federal legislation; and 2) Forward to the Commission. BACKGROUND INFORMATION: State Update AB 1189 (E. Garcia) The Commission’s sponsored legislation has cleared all committees in the legislature and will next head to the Senate floor. In light of the Palm Springs City Council voting July 26, 2017, to put another half-cent sales tax measure on the ballot this fall, staff is in the process of seeking an amendment to AB 1189 that would authorize the Commission to exceed the two percent sales tax cap should a future measure be pursued and approved by Riverside County voters. Before pursuing AB 1189, staff completed an analysis to determine if a new Commission measure would put the agency over the existing two percent cap. At the time, it was not known that any of the nine cities that currently have sales tax measures were exploring any additional measures. Amendment language has been drafted and submitted to Legislative Counsel. The amendment will be presented on the Senate Floor after that the bill will go back to the Senate Rules Committee, which will determine where the bill goes from there. Cap-and-Trade Program AB 398 (E. Garcia) Extends the cap and trade program through 2030 with a number of changes, including: revenues for upgrading polluting farm equipment, suspension of the fire prevention fee, price caps on permits, and tax exemptions on equipment purchases for manufacturers and energy companies. 77 Agenda Item 9 AB 617 (C. Garcia) Requires the California Air Resources Board to increase monitoring of local air pollution, improve reporting for certain categories of stationary emissions sources, and increase the maximum penalties for air pollution violations. ACA 1 (Mayes) Creates a Greenhouse Gas Reduction Reserve Fund; an account that will hold cap and trade auction revenues until a spending plan is approved with a two-thirds vote. Constitutional amendments, like ACA 1, require voter approval, which will be sought in the November 2018 general election. SB 1 The Commission’s Planning and Programming Department has been providing the Technical Advisory Committee and the Commission with important updates related to SB 1 programs, including the Active Transportation Program and State Transportation Improvement Program. Most other SB 1 programs are currently in the guidelines development process either with Caltrans or the California Transportation Commission. Staff is closely monitoring and participating in workshops to develop these guidelines in an attempt to ensure the Commission will be well-positioned to receive its fair share of SB 1 formula funding and to maximize opportunities to receive competitive funding. Federal Update Executive Order President Trump signed another Executive Order on August 15, 2017, seeking to improve the federal environmental process. Primarily, the administration’s intent is to, “make timely decisions with the goal of completing all Federal environmental reviews and authorization decisions for major infrastructure projects within 2 years.” Based on the Executive Order, these improvements will be executed through federal agency accountability and process enhancements, specifically a process called “One Federal Decision.” While this Executive Order is a welcomed step in a positive direction toward delivering transportation infrastructure projects more quickly, it does not supersede existing law. Any changes to the law needing to be made in order for the directives in the Executive Order to be implemented will likely be taken up along with an infrastructure initiative anticipated to be proposed by Congress in fall 2017 or sometime in 2018. 78 Agenda Item 9 Other Competitive Grant Funds Over the past several months, staff has brought forward agenda items relating to an internal grants pursuit team that was formed as the result of the 2015 Strategic Assessment. Formation of this team was timely given the passage of SB 1 in April 2017 and the anticipated opportunities to compete for grant funding under SB 1 programs. Additionally, with the United States Department of Transportation (US DOT) recalling the last round of FASTLANE grant funding and releasing the revamped two-year INFRA program, opportunities to maximize project funding sources abound (which also means they will be extremely competitive). With several unfunded priority projects on the horizon, staff continues to meet internally to discuss descending on grant opportunities strategically. In addition to maximizing receipt of other sources, staff is focusing efforts on using its limited resources to put forward grant applications that The Commission believes will be most competitive. Staff will continue to provide updates as the strategy takes shape. Attachment: August 2017 Legislative Matrix 79 RIVERSIDE COUNTY TRANSPORTATION COMMISSION - POSITIONS ON STATE AND FEDERAL LEGISLATION – July 2017 Legislation/ Author Description Bill Status Position Date of Board Adoption AB 1189 (Garcia) Clarifying legislation that allows the Commission to implement a second self- help sales tax, subject to approval of two-thirds of the electorate in a future election. Passed Senate Governance and Finance Committee. (June 28, 2017) SPONSOR 1/26/217 AB 91 (Cervantes) Requires Caltrans to convert existing HOV lanes in Riverside County to operate only during hours of heavy commuter traffic; during all other times the lanes would be open to all vehicles, including those with a single occupant. Passed Senate Transportation and Housing Committee. Referred to Appropriations. (July 12, 2017) OPPOSE Opposition removed 5/30/17 as a result of amendments 3/8/17 AB 351 (Melendez) Proposes to bring truck weight fees back to transportation accounts. Referred to Committee on Transportation. May be heard in committee after March 10. (February 21, 2017) SUPPORT 3/8/17 AB 179 (Cervantes) Changes the membership of the California Transportation Commission. Passed Senate Transportation and Housing Committee. Referred to Appropriations. (July 13, 2017) OPPOSE 4/12/2017 AB 408 (Chen) Final offer of compensation in eminent domain cases. Died prior to going to committee pursuant to Joint Rule 62(a). (March 20, 2017) OPPOSE 4/12/2017 AB 697 (Fong) Exempts private ambulances from paying tolls when responding to emergency and urgent calls. Passed Senate Appropriations Committee. Ordered to third reading. (July 11, 2017) OPPOSE Opposition removed 6/14/2017 as a result of amendments 4/12/2017 SB 132 (Budget and Fiscal Review Committee) Amendment to the Budget Act of 2016. Creates the Riverside County Transportation Efficiency Corridor. Approved by the Governor. Chaptered by Secretary of State. (April 28, 2017) SUPPORT 4/12/2017 80 Legislation/ Author Description Bill Status Position Date of Board Adoption SB 268 (Mendoza) Changes the Los Angeles County Metropolitan Transportation Authority board of directors governance structure. Amended and re-referred to Assembly Committee on Local Government. (June 20, 2017) OPPOSE 5/9/2017 Staff action based on platform AB 1523 (Obernolte) Authorizes the San Bernardino County Transportation Authority (SBCTA) to use design-build for local agencies to reconstruct the Mt. Vernon Avenue Viaduct project in San Bernardino. Approved by the Governor. Chaptered by Secretary of State. (July 31, 2017) SUPPORT 5/10/2017 SB 150 (Allen) Requires the state board to update and revise greenhouse gas emission reduction targets while considering vehicle miles traveled (VMT) reductions. Requires the state board to assess current and historic VMT. Requires the state to prepare a report every four years that assesses metropolitan planning organization progress toward meeting metrics. Passed Assembly Transportation, Natural Resources Committees. Referred to Appropriations. (July 11, 2017) OPPOSE 5/10/2017 SB 264 (Nguyen) Requires net excess toll revenue from the Orange County Transportation Authority’s (OCTA) Interstate 405 Improvement Project to be allocated to OCTA and project corridor jurisdictions and requires the moneys to be spent on specified transportation improvement projects. Hearing in Transportation and Housing Committee scheduled for April 25; author cancelled hearing. (April 25, 2017) OPPOSE 5/10/2017 SB 477 (Cannella) Allows for the extension of an existing rail corridor to provide intercity rail service beyond the defined boundaries of the corridor, subject to approval by the joint powers authority board and Secretary of Transportation. Passed Assembly Local Government Committee. Referred to Appropriations. (July 13, 2017) SUPPORT 5/10/2017 AB 686 (Santiago) Requires agencies to “affirmatively further fair housing” opportunity with all governmental actions. Amended and re-referred to Senate Transportation and Housing Committee. (July 17, 2017) OPPOSE 6/14/2017 SB 768 (Allen, Wiener) Extends authority to Caltrans and regional transportation agencies to enter into public private partnership agreements for transportation projects. Held in Senate Appropriations Committee. (May 25, 2017) SUPPORT 6/14/2017 H.R. 100 (Brownley) Increases the sub-allocation for local communities under the Surface Transportation Block Grant Program (STBG). Referred to House T&I subcommittee on Highways and Transit. (January 3, 2017) SUPPORT 6/14/2017 81 Legislation/ Author Description Bill Status Position Date of Board Adoption AB 115 (Ting); SB 99 (Budget) Trailer bill containing elements that will streamline transportation project delivery. Approved by the Governor. Chaptered by Secretary of State. (June 27, 2017) SUPPORT 6/14/2017 Staff action based on platform AB 805 (Gonzalez Fletcher) Changes the San Diego Association of Governments board of directors governance and voting structure. Passed Senate Transportation and Housing Committee. Referred to Appropriations. (July 13, 2017) OPPOSE 6/15/2017 Staff action based on platform AB 1069 (Low) Requires ten countywide transportation agencies, including the Commission, to regulate taxicabs. Passed Senate Transportation and Housing Committee; referred to Appropriations. (July 12, 2017) OPPOSE 6/28/2017 Staff action based on platform AB 1282 (Mullin) Requires the California State Transportation Agency Secretary to establish a Transportation Permitting Task Force. With Assembly for concurrence; may be considered after August 18. (July 20, 2017) SUPPORT 7/12/2017 82 AGENDA ITEM 10 Agenda Item 10 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 28, 2017 TO: Budget and Implementation Committee FROM: Shirley Medina, Planning and Programming Director THROUGH: John Standiford, Deputy Executive Director SUBJECT: 2018 State Transportation Improvement Program Final Fund Estimate and Project Recommendations STAFF RECOMMENDATION: This item is for the Committee to: 1) Approve staff project recommendations for the Western Riverside County State Transportation Improvement Program (STIP) share as part of the 2018 STIP submittal due to the California Transportation Commission (CTC) by December 15, 2017; 2) Forward the recommended STIP projects to the Southern California Association of Governments (SCAG) to conduct performance analysis as required by the STIP guidelines; 3) Approve Agreement No. 07-71-028-03, Amendment No. 3 to Agreement No. 07-71-028-00, with the city of Blythe (Blythe) to trade $608,024 of Palo Verde Valley STIP funds with Measure A Western Riverside County Highway funds to facilitate delivery of local arterial projects; 4) Authorize the Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission upon CTC adoption of the 2018 STIP in March 2018; and 5) Forward to the Commission for final action. BACKGROUND INFORMATION: At the July 2017 Commission meeting, an agenda item was presented outlining the process for the development of the 2018 STIP. At the time, the draft STIP Fund Estimate (FE) was presented to the CTC in June, which indicated Riverside County’s Target Share for programming was $104,585,000. The STIP Final FE adopted at the CTC’s August 16, 2017 meeting, reflected a revised Target Share for Riverside County at $105,158,000. The 2018 STIP covers a five-year period from Fiscal Years 2018/19 – 2022/23; with the infusion of SB 1 STIP funds, programming capacity will be available in all five years rather than the latter years. In addition, for the first time in many years, regions are allowed to program Advance Project Development Element (APDE) funds. APDE is strictly for environmental and design work, which the CTC calculates separately from the county target shares. The amount of APDE funding available for Riverside County is $14,599,000. 83 Agenda Item 10 Past STIP programming cycles have generated less than desirable funding levels for programming. The significance of SB 1 STIP funds can be demonstrated when compared to past programming levels as follows: STIP Cycle Riverside Target Share (in Millions) 2008 $ 0 2010 $ 0 2012 $ 90 2014 $ 67 2016 $ (32) 2018 $105 Future STIP cycles are likely to be more promising than in the past since SB 1 provides additional STIP funding over the next 10 years and includes future inflation adjustments. Per the STIP Intracounty Memorandum of Understanding (MOU), the Commission is responsible for selecting Western County projects and the Coachella Valley Association of Governments (CVAG) selects the projects in the Coachella Valley region. The STIP funds are distributed to the three subregions as follows: 2018 STIP Fund Estimate for Riverside County Target Share Total Riverside County Share $105,158,000 Less: 2% Planning, Programming and Monitoring (PPM) 2,103,160 Total New Project Programming 103,054,840 Western County 77.30% 79,661,391 Coachella Valley 22.11% 22,785,425 Palo Verde Valley 00.59% 608,024 Per the STIP MOU with Blythe, Palo Verde Valley STIP funds have been traded with Measure A Western Riverside County highway funds to facilitate delivery of local arterial projects in the Palo Verde Valley. Given Blythe’s small staff, lower STIP funding levels, and focus on local arterials, it is more efficient to provide local funding to ensure project delivery and a less cumbersome allocation process. Upon CTC adoption of the 2018 STIP, staff recommends an amendment of the STIP MOU with Blythe for $608,024 of 2009 Measure A funds. Blythe will also be required to amend its Measure A Capital Improvement Program to include the funds and associated projects. As a result, project recommendations for Western Riverside County total $80,269,415. 84 Agenda Item 10 Western Riverside County Staff recommendations for Western Riverside County STIP funds are as follows: 1) Existing STIP project, Interstate 15 French Valley Parkway Interchange – Increase construction funds for the I-15 French Valley Parkway Interchange per the amount of funds that were reduced in the 2016 STIP due to reduced revenue projections at the state level; 2) New STIP project, I-15 Railroad Canyon Interchange – Add construction funds that were originally recommended as part of the 2016 STIP but disallowed as no new projects were allowed due to reduced revenue projections at the state level; 3) New STIP project, I-15 Express Lanes Southern Extension from Cajalco Road to State Route 74 – Add Project Approval & Environmental Document (PA&ED) funds for the I-15 Express lanes from Cajalco Road to SR-74. Recommended 2018 STIP Western Riverside County Project Programming Western County Project 2016 STIP 2018 STIP New Programming *2018 STIP APDE Total STIP Programming I-15 French Valley IC (Cons) $ 15,346,000 $ 32,254,000 - $ 47,600,000 I-15 Railroad Canyon IC (Cons) N/A 2,920,000 - 2,920,000 I-15 Express Lanes Extension (PA&ED) N/A 45,095,415 $ 4,904,585 50,000,000 Total $ 15,346,000 $ 80,269,415 $ 4,904,585 $ 100,520,000 *Total APDE for Riverside County is $14,599,000. Commission staff will review additional projects for APDE programming balance available of $9,694,415. Coachella Valley CVAG is responsible for STIP programming actions for the Coachella Valley region per the STIP Intracounty MOU. CVAG indicated it plans to present STIP project recommendations to its board in the near term and will provide the recommendations in September so that the project information can be included in the performance measures analysis. PPM PPM in the amount of $2,103,160 will be programmed over three fiscal years (FY’s 2019/20 – 2021/22) at approximately $700,000 per year. Commission staff will coordinate with CVAG on the use of PPM for planning, programming and monitoring activities. 85 Agenda Item 10 2018 STIP Submittal The 2018 STIP submittal is due to the CTC on December 15, 2017. The submittal requires various forms and reports that will involve input from Caltrans, project sponsors and consultants, and SCAG. The CTC is scheduled to adopt the 2018 STIP in March 2018. To accommodate the above schedule, staff will present its recommendations for 2018 STIP programming at the September 13, 2017 Commission meeting. The proposed STIP projects will need to be submitted to SCAG by the end of September in order for SCAG to conduct performance measures analyses in accordance with STIP guideline requirements. There is no fiscal impact to the Commission related to the STIP funding for the I-15 French Valley Parkway interchange or the I-15 Railroad Canyon Road interchange projects, as the STIP funds will not pass through the Commission. STIP funding for the I-15 Express Lanes extension and PPM will be included in future budgets upon the CTC’s 2018 STIP adoption. Financial Information In Fiscal Year Budget: N/A Year: FY 2019/20+ Amount: $52,103,160 Source of Funds: 2018 STIP Budget Adjustment: N/A GL/Project Accounting No.: 106-65-652040 $2,103,160 (PPM) 0030XX 81101 262 31 81101 $50,000,000 (I-15 Extension) Fiscal Procedures Approved: Date: 08/15/2017 86 2018 State Transportation Improvement ProgramWestern Riverside County Project RecommendationsPrepared byShirley MedinaPlanning and Programming Director Past STIP CyclesSTIP CycleRiverside Target Share(in Millions)2008 $ 02010 $ 02012 $ 902014 $ 672016 $ (32)2018 $105 2018 STIP Fund Estimate for Riverside County Palo Verde Valley/City ofBlythe MOUThe Commission – Blythe MOU STIP Trade:City of Blythe (Blythe) exchanges Palo Verde Valley (PVV)share for Measure A Western Riverside County highwayfundsThe Commission combines PVV share with WesternRiverside County shareBenefits:- Allows Blythe to program funds on local arterials,which are not California Transportation Commission(CTC) priorities- Blythe’s limited staff resources can implementprojects in a less cumbersome manner 2018 STIP Western RiversideCounty Proposed Projects*Total APDE for Riverside County is $14,599,000. Commission staff will review additional projects for APDE programming balance available of $9,694,415. PROPOSED 2018 STIP PROJECTSWESTERN RIVERSIDE COUNTYI-15 Railroad Canyon Interchange (Cons)I-15 French Valley Interchange (Cons)I-15 Express Lanes Southerly Extension from Caljalco Rd to SR74 (PA&ED) 2018 STIP Programming (Cont’d)•Coachella Valley Association of Governments (CVAG) will submitprogramming recommendations for Coachella Valley STIP share($22,785,425) once approved by its Board•2 percent PPM – $2,103,160 will be divided among FYs 2019/20-2021/22•2016 STIP carryover projects, 60 Truck Climbing/Descending lanesand CV Link, will continue as carryover projects in the 2018 STIPutilizing prior programming capacity Next Steps AGENDA ITEM 11 Agenda Item 11 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: August 28, 2017 TO: Budget and Implementation Committee FROM: Lorelle Moe-Luna, Senior Management Analyst THROUGH: Shirley Medina, Planning and Programming Director SUBJECT: Fiscal Year 2017/18 Annual Local Transportation Fund Planning Allocations to Western Riverside Council of Governments and Coachella Valley Association of Governments STAFF RECOMMENDATION: This item is for the Committee to: 1) Approve an allocation of Local Transportation Funds (LTF) funds for planning in the amount of $726,000 for Western Riverside Council of Governments (WRCOG) and $396,000 for the Coachella Valley Association of Governments (CVAG) for efforts identified in each agency’s Fiscal Year 2017/18 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. BACKGROUND INFORMATION: The LTF established in state law by the Transportation Development Act (TDA) is funded through a one-quarter of one cent of the state’s 7.25 percent sales tax (based on point of sale and returned to source). LTF are used to fund transportation planning, operations, and capital projects. The action requested at this time is specifically to allocate the planning funds to the two councils of governments, WRCOG, and CVAG. Other LTF allocations such as those for transit and rail operations and capital projects are part of the approvals of the annual Short Range Transit Plans. Bicycle and pedestrian facilities are also funded by LTF and are part of the biennial SB 821 Call for Projects countywide. The LTF funding is distributed by the State Board of Equalization to the counties on a pro rata basis, pursuant to Section 99233.2 of the TDA, providing up to 3 percent of annual revenues to fund transportation planning and programming efforts. The Commission, as the regional transportation planning agency, is legally responsible for apportioning the LTF funds. Based on the projected FY 2017/18 revenues of $88 million, 3 percent of the projected revenue, or $2.64 million, is for planning and programming. By statute, the TDA also requires one half of these LTF funds of $1.32 million be allocated for planning activities within the Western Riverside 87 Agenda Item 11 County and the Coachella Valley areas, as determined by the Commission. Distribution of the funding, as confirmed by the Commission in October 2014, is as follows: Planning Agency Percentage Apportionment/Allocation RCTC 15% $198,000 WRCOG 55% $726,000 CVAG 30% $396,000 Total 100% $1,320,000 WRCOG and CVAG submitted their respective FY 2017/18 Work Plans in accordance with existing guidelines. WRCOG’s Work Plan is divided into two program areas and includes the following activities: 1) Planning Programs and Energy/Environment Programs a. WRCOG Region-Wide Active Transportation Plan; b. Riverside County Traffic Analysis Model (RIVTAM) Update; c. WRCOG Region-Wide Commuting Study; d. Senate Bill (SB) 743 Implementation Study; e. Development of a Regional Streetlights Program; and f. Staff participation and outreach to the jurisdictions in Air Quality such as South Coast Air Quality Management District activities, Clean Cities, and assistance to jurisdictions in the purchase of alternative fuel vehicles and the supporting infrastructure. 2) Regional Transportation Plans a. Transportation Uniform Mitigation Fee (TUMF) Program; and b. Riverside County Transportation Commission Programs. CVAG’s Work Plan consists of nine main program areas: 1) Transportation Department Operations; 2) Project Management and Contract Administration; 3) CV Link Project Development; 4) Riverside County Transportation Commission Programs; 5) Planning, Programming, and Monitoring Programs; 6) Miscellaneous Programs including GIS Information Services, support for the RIVTAM model, and Regional Arterial Traffic Count Program; 7) Congestion Management/Air Quality Programs; 8) TUMF Program; and 9) Governmental and Special Projects. Staff reviewed the Work Plans and found them to be consistent with the Commission’s overall transportation programming and planning objectives and recommends approval. The Work Plans also benefit the respective geographic regions and are consistent with subregional and 88 Agenda Item 11 regional plans including the Southern California Association of Government’s (SCAG) Regional Transportation Plan/Sustainable Communities Strategy (RTP/SCS). WRCOG and CVAG, in conjunction with SCAG, are responsible for subregional planning efforts that implement and are in conformance with the RTP/SCS. Financial Information In Fiscal Year Budget: Yes Year: FY 2017/18 Amount: $1,122,000 Source of Funds: LTF Budget Adjustment: No GL/Project Accounting No.: 106 65 86205 Fiscal Procedures Approved: Date: 08/15/2017 Attachments: 1) CVAG FY 2017/18 LTF Program Objectives/Work Plan 2) WRCOG FY 2017/18 LTF Program Objectives/Work Plan 89 90ATTACHMENT 1 91 92 93 Western Riverside Council of Governments (WRCOG) Fiscal Year 2017/2018 Local Transportation Funds Program Objectives The Work Plan for FY 2017/2018 is divided into two program areas: 1.Planning Programs and Energy/Environment Programs California Air Resources Board Department of Energy (DOE) South Coast Air Quality Management District (SCAQMD) Southern California Associations of Governments (SCAG) California Association of Councils of Governments (CALCOG) Planning: This program includes the following activities: staff time to develop and work on four main projects: WRCOG Region-wide Active Transportation Plan (ATP); Riverside County Traffic Analysis Model (RIVTAM) Update; WRCOG Region-wide Commuting Study; and a Senate Bill (SB) 743 Implementation Study. The ATP will identify challenges to and opportunities for creating a safe, efficient, and complete active transportation network that will expand the availability of active modes of transportation for users both within the region and between neighboring regions. The RIVTAM Update will provide updates on socio-economic forecasts to reflect SCAG’s recently adopted growth forecasts, updates to the roadway network, utilize data from SCAG’s most recent Regional Travel Model to ensure consistency, and correct any significant structural issues related to RIVTAM. The WRCOG Region- wide Commuting Study will look into where residents in the WRCOG subregion are traveling to work in order to assist in determining travel patterns and economic development purposes for our local jurisdictions. The SB 743 Implementation Study will assist stakeholders with transitioning in the utilization of vehicle miles traveled for mitigation impacts. Air Quality, Energy Efficiency and Sustainability: These programs include the following activities: development of a regional Streetlights Program, which will assist WRCOG jurisdiction purchase streetlights to enable them to retrofitting and will save local jurisdictions millions in operating and utility costs; continued staff participation in SCAQMD activities and rule- making, review of the 2016 AQMP; provide outreach and to the jurisdictions regarding air quality issues and funding opportunities; support WRCOG Clean Cities and programs that WRCOG has developed to reduce emissions through energy efficiency and water conservation; continued participation to assist jurisdiction in the purchase of alternative fuel vehicles and the development of the supporting infrastructure. 94 ATTACHMENT 2 2. Regional Transportation Programs Riverside County Transportation Commission (RCTC) Riverside Transit Agency Caltrans SCAG CALCOG TUMF: This program includes staff time to administer the TUMF Program which includes but is not limited to: program contract/agreement administration; public outreach/information; the Annual Report; signage program; TUMF Zone Transportation Improvement Program development and amendments; prepare the annual audit; preparation of annual adjustment for construction costs; maintain TUMF data base of fee collections and disbursements; work with developers on credit and reimbursement agreements; review available data to determine how to address distribution center land use and how it applies to TUMF Program; research the land uses of a shopping center to determine how it affects and applies to TUMF Program; review how projects within Program are implemented and assist local jurisdictions to identify options and funding strategies for projects, and amend all program documents as necessary. Riverside County Transportation Commission Programs: These programs include staff time and project management to assist in transportation planning and air quality programs to include: participation in TUMF Program tasks as needed to assist RCTC in the implementation of the Regional TUMF Program; participate in evaluation committees as requested; and other planning related tasks as determined in consultation with the RCTC Executive Director. 95