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