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CM2019-034 May 2019 Investment Report CM2019-034 C16 • 6/t'(azqje' ii City of MEMORANDUM Chino Hills DATE: JUNE 26, 2019 TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: BENJAMIN MONTGOMERY, CITY MANAGER RE: INVESTMENT REPORT FOR MAY 2019 Attached is the Investment Report for May 2019. The City Treasurer is required to forward the monthly Investment Report to the City Council within 30 days following the end of the month for which the Investment Report is prepared. The Investment Report will be presented to the City Council at a regular council meeting for formal approval. This presentation generally occurs at the first council meeting of the second month following the month for which the Investment Report is being prepared. BM:CB:EC:TH:rb Attachment cc: Robin Butler, Administrative Assistant II Attachment No. 1 City of Chino Hills Investment Report For the Month Ended May 31,2019 Interest/ Book %of Description Cost Value Market Value Yield Maturity Date Portfolio Cash and Cash Equivalents Citizens Business Bank-Checking $ 2,030,947 $ 2,030,947 0.00% n/a 0.85% Citizens Business Bank-Payroll - - 0.00% n/a 0.00% Citizens Business Bank-Certificate of Deposit 456,218 456,218 0.66% 4/29/2020 0.19% Citizens Business Bank-Credit Card - - 0.00% n/a 0.00% State of California Local Agency Investment Fund(LAIF) 18,017,265 18,019,913 2.45% n/a 7.56% Los Angeles County Investment Pool(LACIP)* 8,329 8,329 2.23% n/a 0.02% Investments-US Bank/Chandler Asset Management Asset-Backed Securities 11,515,519 11,615,142 2.66% See attached 4.87% Federal Agencies 67,344,388 67,584,544 1.92% See attached 28.36% Collateralized Mortgage Obligation 11,712,435 11,989,454 2.98% See attached 5.03% Foreign Corporate 2,329,118 2,360,856 2.97% See attached 0.99% Money Market Funds 829,612 829,612 1.86% n/a 0.35% Supranational 5,340,925 5,485,163 2.83% See attached 2.30% US Corporate 56,728,613 57,223,133 2.68% See attached 24.01% US Treasury 44,955,866 45,041,591 1.81% See attached 18.90% Market Yield to %of Description Cost Value Market Value Maturity Maturity Date Portfolio Restricted Funds-Pension Stabilization Fund US Bank Money Markets 238,940 238,940 2.25% n/a 0.10% Cash 2,290 2,290 0.00% n/a 0.00% Mutual Funds-Equity 3,176,874 3,457,804 2.11% n/a 1.45% Mutual Funds-Fixed Income 3,227,792 3,306,133 2.76% n/a 1,39% Funds Held by Fiscal Agents US Bank First AmericanTreasury Obligations Fund Class D 1,529,596 1,529,596 1.29% n/a 0.63% US Bank N.A.Certificate of Deposit 7,161,890 7,161,890 2.30% 6/3/2019 3.00% (See Attached Supplemental) Total Investment Portfolio $ 236,606,617 $ 238,341,555 100.00% I Blended Yield of Cash and Investments* 2.26%I Benchmarks: LAIF 2.45% LACIP* 2.23% 6mo U.S.Treasury 2.35% 2yr U.S.Treasury 1.95% 5yr U.S.Treasury 1.93% *To ensure timely submission of the Investment Report,the prior month's LACIP percentage yield is used. I hereby certify that the investments are in compliance with the investment policy adopted by the City Council. The investment portfolio provides sufficient funds to meet the budgeted expenditures over the next six months. This report meets the requirements of Government Code Section 53646. PREPARED BY: REVIEWED BY: \IITAA•s 403(9, niAlrOM Toni Holle,Sbnior Accoune echnician Nicole Lugotoff,Accowiting 5Op'ervisor APPROVED Y: Chita Buhagiar, Finance Director Attachment No.1 City of Chino Hills Funds Held by Fiscal Agents Supplemental For the Month Ended May 31, 2019 Interest/ Yield to %of Description Cost Value Market Value Maturity Maturity Date Portfolio Funds Held by Fiscal Agents US Bank CHFA Water Revenue Bonds Series 2012 Reserve Fund U.S Bank N.A.Certificate of Deposit 1,120,375 1,120,375 2.30% 6/3/2019 0.47% CHFA Water Revenue Bonds Series 2012 Interest Account First American Treasury Obligations Fund Class D 152,375 152,375 1.84% n/a 0.06% CHFA Water Revenue Bonds Series 2012 Principal Account First American Treasury Obligations Fund Class D 905,000 905,000 1.84% n/a 0.38% CHFA Revenue Bonds CFD#1 Rolling Ridge Bond Fund First American Treasury Obligations Fund Class D 2 2 1.96% n/a 0.00% CHFA Revenue Bonds CFD#1 Rolling Ridge Reserve First American Treasury Obligations Fund Class D 9,600 9,600 1.84% n/a 0.00% CHFA Revenue Bonds CFD#1 Rolling Ridge Reserve U.S Bank N.A.Certificate of Deposit 721,303 721,303 2.30% 6/3/2019 0.30% CHFA Revenue Bonds CFD#2 Los Ranchos Bond Fund First American Treasury Obligations Fund Class D 8 8 1.85% n/a 0.00% CHFA Revenue Bonds CFD#2 Los Ranchos Reserve First American Treasury Obligations Fund Class D 22,307 22,307 1.84% n/a 0.01% CHFA Revenue Bonds CFD#2 Los Ranchos Reserve Fund U.S Bank N.A.Certificate of Deposit 1,676,080 1,676,080 2.30% 6/3/2019 0.70% CHFA Revenue Bonds CFD#5 Soquel Canyon Bond Fund First American Treasury Obligations Fund Class D 32 32 1.84% n/a 0.00% CHFA Revenue Bonds CFD#5 Soquel Canyon Reserve First American Treasury Obligations Fund Class D 26,607 26,607 1.84% n/a 0.01% CHFA Revenue Bonds CFD#5 Soquel Canyon Reserve U.S Bank N.A.Certificate of Deposit 1,999,156 1,999,156 2.30% 6/3/2019 0.84% CFD#6(Carbon Canyon Area)Special Tax Series 2006 Bond Fund First American Treasury Obligations Fund Class D 1 1 1.90% n/a 0.00% CFD#6(Carbon Canyon Area)Special Tax Series 2006 Reserve First American Treasury Obligations Fund Class D 16,166 16,166 1.84% n/a 0.01% CFD#6(Carbon Canyon Area)Special Tax Series 2006 Reserve U.S Bank N.A.Certificate of Deposit 171,726 171,726 2.30% 6/3/2019 0.07% Reassessment District 10-1 LOIB Redemption First American Treasury Obligations Fund Class D 4 4 1.89% n/a 0.00% Reassessment District 10-1 LOIB Reserve First American Treasury Obligations Fund Class D 248,939 248,939 1.84% n/a 0.10% CFD#9(Rincon Village Area)Special Tax Refunding Series 2011 Bond First American Treasury Obligations Fund Class D 8 8 1.80% n/a 0.00% CFD#9(Rincon Village Area)Special Tax Refunding Series 2011 Reserve U.S Bank N.A.Certificate of Deposit 491,500 491,500 2.30% 6/3/2019 0.21% CFD#9(Rincon Village Area)Special Tax Refunding Series 2011 Interest First American Treasury Obligations Fund Class D 5 5 1.89% n/a 0.00% CFD#9(Rincon Village Area)Special Tax Refunding Series 2011 Principal First American Treasury Obligations Fund Class D 168 168 1.84% n/a 0.00% CFD#10(Fairfield Ranch)Special Tax Refunding Series 2010 Improvement First American Treasury Obligations Fund Class D 148,173 148,173 1.84% n/a 0.06% CFD#10(Fairfield Ranch)Special Tax Refunding Series 2010 Interest First American Treasury Obligations Fund Class D 30 30 1.83% n/a 0.00% CFD#10(Fairfield Ranch)Special Tax Refunding Series 2010 Principal First American Treasury Obligations Fund Class D 171 171 1.84% n/a 0.00% CFD#10(Fairfield Ranch)Special Tax Refunding Series 2010 Reserve U.S Bank N.A.Certificate of Deposit 981,750 981,750 2.30% 6/3/2019 0.41% Total Funds Held by Fiscal Agents $ 8,691,486 $ 8,691,486 3.63% City of Chino Hills Portfolio Summary CM Account#10150 As of May 31, 2019 PORTFOLIO CHARACTERISTICS ACCOUNT SUMMARY TOP ISSUERS Average Modified Duration 2.34 Beg.Values End Values Government of United States 22.3% as of 4/30/19 as of 5/31/19 Federal National Mortgage Assoc 15.9% Average Coupon 2.13% Market Value 200,436,274 202,129,494 Federal Home Loan Mortgage Corp 12.3% Average Purchase YTM 2.25% Accrued Interest 980,650 1,016,152 o Total Market Value 201,416,923 203,145,646 Federal Home Loan Bank 11.2/0 Average Market YTM 2.21% Income Earned 367,641 378,690 John Deere ABS 1.8% Average S&P/Moody Rating AA/Aa1 Cont/WD -11,832 Honda ABS 1.7% Par 201,296,130 201,529,497 State Street Bank 1.6% Average Final Maturity 2.61 yrs Book Value 200,764,708 201,082,138 Inter-American Dev Bank 1.5% Average Life 2.46 yrs Cost Value 200,453,511 200,756,475 Total 68.1% SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY(S&P) 29.5% Agency 33.5% 30% 24.1% us Corp 28.4% 25% AA(63.3%) 21.2% us Treasury 22.3% 20% 17.7% CMo- 5.9% 15% ABS. 5.7% 10% 6.0% AAA(6.4%) Supras 12.7% 5% 1.5% Foreign Corp I 1.2% % NR(9.5%) 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5+ Money Mkt Fd 10.4% Maturity(Yrs) A(20.8%) PERFORMANCE REVIEW Annualized TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS SYRS 10YRS 2/28/2011 City of Chino Hills 0.86% 1.85% 2.52% 4.21% 2.00% 1.64% 1.57% N/A 1.40% ICE BAML 1-5 Yr US Treasury/Agency Index* 0.99% 2.01% 2.38% 4.19% 1.83% 1.42% 1.39% N/A 1.18% *ICE BAML 1-3 Yr US Treasury/Agency Index to 7/31/12 Chandler Asset Management-CONFIDENTIAL Page 1 Execution Time:6/3/2019 10:24:42 PM Statement of Compliance As of May 31, 2019 A City of Chino Hills Assets managed by Chandler Asset Management are in full compliance with state law and the Client's investment policy. Category Standard Comment Treasury Issues No Limitation Complies Agency Issues 25%max per Agency/GSE issuer; 20%max agency callable securities Complies "AA"rated or better by a NRSRO;30%maximum; 10%max per issuer; U.S.dollar denominated senior unsecured Supranationals unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Complies Development("IBRD"),the International Finance Corporation("IFC")or the Inter-American Development Bank("IADB") Municipal Issues "A"rated or better by a NRSRO;30%maximum; 5%max per issuer Complies "Al"short-term rated or better by a NRSRO;or"A" long-term debt rated or better by a NRSRO;40%maximum;5%max per Banker's Acceptances issuer; 180 days max maturity Complies "A-1"rated or better by a NRSRO;"A"long-term issuer rated or better by a NRSRO; 25%maximum;5%max per issuer;270 Commercial Paper Complies days max maturity;Issuer is a corporation organized and operating in the U.S.and have$500 million total assets No rating required if amount of the NCD is insured up to the FDIC limit; If above FDIC insured limit,requires"A-1"short- Negotiable Certificates of Deposit Complies term or"A"long-term rated issuer or higher by a NRSRO;30%maximum; (inclusive of CDARS);5%max per issuer Time Deposits(TD)/Certificates of Deposit 20%maximum(combination of FDIC and Collateralized TDs/CDs); For federally insured time deposits,amount per (CD) institution is limited to maximum covered under FDIC; Collateralized if in excess of insured amounts Complies "A"rated or better by a NRSRO;30%maximum;5%max per issuer; Issued by corporations organized and operating within Corporate Medium Term Notes Complies the U.S.or by depository institutions licensed by the U.S.or any state and operating within the U.S. Asset-Backed(ABS),Mortgage-Backed "AA"rated or better by a NRSRO; "A"long-term debt issuer rated or better by a NRSRO; 20%maximum(combined ABS, Complies Securities;Pass-Throughs;CMOs MBS,MPTs,CMOs); 5%max per issuer;No issuer limitation where the issuer is the US Treasury or Federal Agency/GSE. Highest rating or"AAA"rated by two NRSROs;SEC registered adviser with AUM>$500 million and experience>5 years;20% Mutual Fund&Money Market Mutual Fund maximum in Mutual Funds and Money Market Mutual Funds; 10%max per one Mutual Fund; 20%max per one Money Complies Market Mutual Fund LAIF Maximum amount permitted by LAIF Complies LGIP Los Angles County Investment Pool(LACIP) Complies Repurchase Agreements 102%collateralized; 1 year max maturity Complies Inverse floaters,Range notes,Mortgage-derived,Interest-only strips;Zero interest accrual securities; Reverse Repurchase Prohibited Complies Agreements; Foreign currency denominated securities Max Callables 20%maximum callable securities(does not include"make whole call"securities) Complies 5%of portfolio(except U.S.Government,U.S.Agencies,Supranationals,Mutual Funds or Money Market Funds,LAIF,LACIP, Max Per Issuer Complies or unless otherwise specified in the investment policy) Maximum maturity 5 years Complies City of Chino Hills Reconciliation Summary Ci11 Account#10150 As of May 31, 2019 III BOOK VALUE RECONCILIATION I' CASH TRANSACTION SUMMARY BEGINNING BOOK VALUE $200,764,707.83 BEGINNING BALANCE $239,859.87 Acquisition Acquisition +Security Purchases $2,463,120.00 Contributions $0.00 +Money Market Fund Purchases $1,313,528.77 Security Sale Proceeds $2,110,513.75 +Money Market Contributions $0.00 Accrued Interest Received $13,125.00 +Security Contributions $0.00 Interest Received $330,410.23 +Security Transfers $0.00 Dividend Received $2,040.64 Total Acquisitions $3,776,648.77 Principal on Maturities $0.00 Dispositions Interest on Maturities $0.00 -Security Sales $2,110,513.75 Calls/Redemption (Principal) $0.00 - Money Market Fund Sales $711,945.00 Interest from Calls/Redemption $0.00 - MMF Withdrawals $11,832.14 Principal Paydown $631,384.15 -Security Withdrawals $0.00 Total Acquisitions $3,087,473.77 -Security Transfers $0.00 Dispositions -Other Dispositions $0.00 Withdrawals $11,832.14 -Maturites $0.00 Security Purchase $2,463,120.00 -Calls $0.00 Accrued Interest Paid $22,770.00 -Principal Paydowns $631,384.15 Total Dispositions $2,497,722.14 Total Dispositions $3,465,675.04 ENDING BOOK VALUE $829,611.50 Amortization/Accretion +/-Net Accretion $20,382.15 $20,382.15 Gain/Loss on Dispositions +/-Realized Gain/Loss ($13,926.04) ($13,926.04) ENDING BOOK VALUE $201,082,137.67 Chandler Asset Management-CONFIDENTIAL Paee 3 Execution Time:6/3/2019 10:24:42 PM City of Chino Hills Holdings Report CM Account#10150 As of May 31, 2019 CUSIP Security Description Par Value/Units Purchase Date Cost Value Mkt Price Market Value %of Port. Moody/S&P Maturity Book Yield Book Value Mkt YTM Accrued Int. Gain/Loss Fitch Duration ABS 89237RAB4 Toyota Auto Receivable 2017-C A2A 281,767.24 07/25/2017 281,764.56 99.89 281,452.48 0.14% Aaa/AAA 1.13 1.58%Due 7/15/2020 1.59% 281,766.22 2.65% 197.86 (313.74) NR 0.10 89238BAB8 Toyota Auto Receivables Owner 2018-A 963,685.84 01/23/2018 963,587.35 99.89 962,639.07 0.47% Aaa/AAA 1.38 A2A 2.12% 963,635.80 2.60% 899.44 (996.73) NR 0.22 2.1%Due 10/15/2020 65478VAD9 NAROT 2016-B A3 684,577.06 12/06/2017 680,233.99 99.66 682,250.15 0.34% Aaa/NR 1.63 1.32%Due 1/15/2021 1.73% 682,302.12 2.58% 100.40 (51.97) AAA 0.27 161571HF4 Chase CHAIT 2016-A5 1,000,000.00 09/27/2018 988,320.31 99.86 998,598.00 0.49% NR/AAA 2.13 1.27%Due 7/15/2021 2.11% 991,134.42 2.55% 564.44 7,463.58 AAA 0.11 43811BAC8 Honda Auto Receivables 2017-2 A3 1,726,146.71 04/27/2018 1,699,310.53 99.52 1,717,898.96 0.85% Aaa/AAA 2.21 1.68%Due 8/16/2021 2.62% 1,708,159.34 2.46% 1,288.86 9,739.62 NR 0.62 47788BAD6 John Deere Owner Trust 2017-B A3 1,003,709.03 Various 993,134.80 99.57 999,433.03 0.49% Aaa/NR 2.38 1.82%Due 10/15/2021 2.73% 996,246.59 2.51% 811.89 3,186.44 AAA 0.62 47788CAC6 John Deere Owner Trust 2016-B A4 620,000.00 02/21/2018 619,955.42 100.23 621,419.17 0.31% Aaa/NR 2.88 2.66%Due 4/18/2022 2.68% 619,968.94 2.68% 732.98 1,450.23 AAA 0.20 43815HAC1 Honda Auto Receivables Owner 2018-3 1,680,000.00 08/21/2018 1,679,769.50 101.17 1,699,711.42 0.84% Aaa/NR 3.23 A3 2.98% 1,679,813.38 2.19% 1,376.67 19,898.04 AAA 1.50 2.95%Due 8/22/2022 02587AAJ3 American Express Credit 2017-1 1,725,000.00 Various 1,699,587.14 99.62 1,718,498.44 0.85% Aaa/NR 3.30 1.93%Due 9/15/2022 3.01% 1,704,222.94 2.49% 1,479.66 14,275.50 AAA 0.68 47788EAC2 John Deere Owner Trust 2018-B A3 1,910,000.00 07/18/2018 1,909,855.22 101.22 1,933,240.88 0.95% Aaa/NR 3.46 3.08%Due 11/15/2022 3.10% 1,909,883.83 2.28% 2,614.58 23,357.05 AAA 1.48 11,515,518.82 11,615,141.60 5.72% Aaa/AAA 2.64 Total ABS 11,594,885.88 2.66% 11,537,133.58 2.44% 10,066.78 78,008.02 AAA 0.77 AGENCY 3135G0A78 FNMA Note 3,500,000.00 12/08/2017 3,481,485.00 99.57 3,484,834.50 1.73% Aaa/AA+ 0.64 1.625%Due 1/21/2020 1.88% 3,494,380.66 2.31% 20,538.19 (9,546.16) AAA 0.63 3137EADR7 FHLMC Note 2,550,000.00 Various 2,525,807.60 99.18 2,529,186.90 1.25% Aaa/AA+ 0.92 1.375%Due 5/1/2020 1.59% 2,545,212.05 2.28% 2,921.88 (16,025.15) AAA 0.90 313383HU8 FHLB Note 2,500,000.00 09/15/2015 2,510,425.00 99.53 2,488,130.00 1.23% Aaa/AA+ 1.04 1.75%Due 6/12/2020 1.66% 2,502,270.49 2.22% 20,538.19 (14,140.49) NR 1.01 Chandler Asset Management-CONFIDENTIAL Page 4 Execution Time:6/3/2019 10:24:42 PM City of Chino Hills Holdings Report CM Account#10150 As of May 31, 2019 CUSIP Security Description Par Value/Units Purchase Date Cost Value Mkt Price Market Value %of Port. Moody/S&P Maturity Book Yield Book Value Mkt YTM Accrued Int. Gain/Loss Fitch Duration AGENCY 3135G0D75 FNMA Note 2,625,000.00 09/29/2015 2,626,417.50 99.21 2,604,131.25 1.29% Aaa/AA+ 1.06 1.5%Due 6/22/2020 1.49% 2,625,317.64 2.26% 17,390.63 (21,186.39) AAA 1.04 3137EAEK1 FHLMC Note 3,350,000.00 11/21/2017 3,341,319.58 99.76 3,342,057.15 1.65% Aaa/AA+ 1.47 1.875%Due 11/17/2020 1.96% 3,345,743.33 2.04% 2,442.71 (3,686.18) AAA 1.43 3135G0F73 FNMA Note 2,700,000.00 12/16/2015 2,648,970.00 99.17 2,677,541.40 1.32% Aaa/AA+ 1.50 1.5%Due 11/30/2020 1.90% 2,684,550.03 2.07% 112.50 (7,008.63) AAA 1.47 3130A7CV5 FHLB Note 2,235,000.00 02/17/2016 2,225,970.60 98.89 2,210,209.38 1.09% Aaa/AA+ 1.72 1.375%Due 2/18/2021 1.46% 2,231,896.30 2.04% 8,792.55 (21,686.92) AAA 1.68 3135G0J20 FNMA Note 3,500,000.00 Various 3,472,861.80 98.91 3,461,755.50 1.71% Aaa/AA+ 1.75 1.375%Due 2/26/2021 1.59% 3,487,400.68 2.02% 12,699.66 (25,645.18) AAA 1.70 3135G0K69 FNMA Note 2,875,000.00 Various 2,869,786.50 98.64 2,835,805.13 1.40% Aaa/AA+ 1.93 1.25%Due 5/6/2021 1.29% 2,872,958.79 1.97% 2,495.66 (37,153.66) AAA 1.89 313379RB7 FHLB Note 1,695,000.00 08/30/2017 1,707,780.30 99.72 1,690,335.36 0.84% Aaa/AA+ 2.03 1.875%Due 6/11/2021 1.67% 1,701,862.47 2.01% 15,007.81 (11,527.11) AAA 1.96 3130A8QS5 FHLB Note 2,800,000.00 07/22/2016 2,778,272.00 98.29 2,752,136.80 1.36% Aaa/AA+ 2.12 1.125%Due 7/14/2021 1.29% 2,790,734.18 1.95% 11,987.50 (38,597.38) AAA 2.07 3137EAEC9 FHLMC Note 3,200,000.00 09/26/2016 3,176,448.00 98.14 3,140,361.60 1.55% Aaa/AA+ 2.20 1.125%Due 8/12/2021 1.28% 3,189,375.14 2.00% 10,900.00 (49,013.54) AAA 2.15 3135G0N82 FNMA Note 3,200,000.00 09/28/2016 3,195,072.00 98.44 3,150,134.40 1.56% Aaa/AA+ 2.22 1.25%Due 8/17/2021 1.28% 3,197,766.78 1.97% 11,555.56 (47,632.38) AAA 2.16 3130AABG2 FHLB Note 3,375,000.00 02/27/2017 3,373,110.00 99.76 3,366,822.38 1.66% Aaa/AA+ 2.50 1.875%Due 11/29/2021 1.89% 3,374,006.52 1.98% 351.56 (7,184.14) AAA 2.42 3135G0S38 FNMA Note 3,400,000.00 Various 3,396,588.25 100.10 3,403,478.20 1.69% Aaa/AA+ 2.60 2%Due 1/5/2022 2.02% 3,398,207.31 1.96% 27,577.78 5,270.89 AAA 2.50 3135G0T45 FNMA Note 3,485,000.00 06/19/2017 3,484,473.77 99.78 3,477,193.60 1.72% Aaa/AA+ 2.85 1.875%Due 4/5/2022 1.88% 3,484,687.57 1.96% 10,164.58 (7,493.97) AAA 2.75 3135G0178 FNMA Note 3,500,000.00 12/08/2017 3,465,595.00 100.14 3,504,732.00 1.73% Aaa/AA+ 3.35 2%Due 10/5/2022 2.22% 3,476,098.40 1.96% 10,888.89 28,633.60 AAA 3.21 3130A3KM5 FHLB Note 2,750,000.00 12/15/2017 2,782,010.00 101.70 2,796,876.50 1.39% Aaa/AA+ 3.53 2.5%Due 12/9/2022 2.25% 2,772,673.02 2.00% 32,847.22 24,203.48 NR 3.32 3135G0194 FNMA Note 3,500,000.00 04/11/2018 3,448,410.00 101.35 3,547,082.00 1.76% Aaa/AA+ 3.64 2.375%Due 1/19/2023 2.71% 3,460,693.33 1.99% 30,479.17 86,388.67 AAA 3.44 Chandler Asset Management-CONFIDENTIAL Page 5 Execution Time:6/3/2019 10:24:42 PM City of Chino Hills Holdings Report CM Account#10150 As of May 31, 2019 CUSIP Security Description Par Value/Units Purchase Date Cost Value Mkt Price Market Value %of Port. Moody/S&P Maturity Book Yield Book Value Mkt YTM Accrued Int. Gain/Loss Fitch Duration AGENCY 3137EAEN5 FHLMC Note 3,750,000.00 07/20/2018 3,731,175.00 102.92 3,859,477.50 1.92% Aaa/AA+ 4.05 2.75%Due 6/19/2023 2.86% 3,734,463.07 2.00% 46,406.25 125,014.43 AAA 3.78 3130A0F70 FHLB Note 3,500,000.00 01/16/2019 3,602,165.00 106.00 3,709,965.00 1.85% Aaa/AA+ 4.53 3.375%Due 12/8/2023 2.73% 3,594,442.56 1.98% 56,765.63 115,522.44 AAA 4.14 3130AB3H7 FHLB Note 3,500,000.00 04/29/2019 3,500,245.00 101.49 3,552,297.00 1.76% Aaa/AA+ 4.78 2.375%Due 3/8/2024 2.37% 3,500,240.58 2.04% 19,164.93 52,056.42 NR 4.47 67,344,387.90 67,584,543.55 33.45% Aaa/AA+ 2.50 Total Agency 67,490,000.00 1.92% 67,464,980.90 2.04% 372,028.85 119,562.65 AAA 2.38 CMO 3137BFDQ1 FHLMC K717 A2 2,500,000.00 12/28/2018 2,501,562.50 101.38 2,534,390.00 1.25% NR/NR 2.32 2.991%Due 9/25/2021 2.89% 2,501,324.76 2.54% 6,231.25 33,065.24 AAA 2.03 3137B5JM6 FHLMC K034 A2 3,100,000.00 08/28/2018 3,165,753.91 104.68 3,245,145.10 1.60% NR/NR 4.15 3.531%Due 7/25/2023 3.03% 3,155,683.16 2.27% 9,121.75 89,461.94 AAA 3.75 3137B7MZ9 FHLMC K036 A2 2,695,000.00 10/29/2018 2,721,528.91 104.97 2,829,065.47 1.39% Aaa/NR 4.41 3.527%Due 10/25/2023 3.32% 2,718,424.15 2.25% 1,584.21 110,641.32 AAA 3.39 3137BYPQ7 FHLMC K726 A2 3,300,000.00 04/22/2019 3,323,589.84 102.45 3,380,853.17 1.67% NR/AAA 4.91 2.905%Due 4/25/2024 2.72% 3,323,112.10 2.32% 7,988.75 57,741.07 NR 4.36 11,712,435.16 11,989,453.74 5.91% Aaa/AAA 4.04 Total CMO 11,595,000.00 2.98% 11,698,544.17 2.34% 24,925.96 290,909.57 AAA 3.47 FOREIGN CORPORATE 89114QCB2 Toronto Dominion Bank Note 2,300,000.00 03/26/2019 2,329,118.00 102.65 2,360,855.70 1.17% Aa3/A 4.78 3.25%Due 3/11/2024 2.97% 2,328,072.33 2.66% 16,611.11 32,783.37 AA- 4.38 2,329,118.00 2,360,855.70 1.17% Aa3/A 4.78 Total Foreign Corporate 2,300,000.00 2.97% 2,328,072.33 2.66% 16,611.11 32,783.37 AA- 4.38 Chandler Asset Management-CONFIDENTIAL Page 6 Execution Time:6/3/2019 10:24:42 PM City of Chino Hills Holdings Report CM Account#10150 As of May 31, 2019 11 Security Description Par Value/Units Purchase Date Cost Value Mkt Price Market Value %of Port. Moody/S&P Maturity Book Yield Book Value Mkt YTM Accrued Int. Gain/Loss Fitch Duration MONEY MARKET FUND Fl 31846V401 First American Govt Obligation MMKT 829,611.50 Various 829,611.50 1.00 829,611.50 0.41% Aaa/AAA 0.00 Class-D 1.86% 829,611.50 1.86% 0.00 0.00 AAA 0.00 829,611.50 829,611.50 0.41% Aaa/AAA 0.00 Total Money Market Fund Fl 829,611.50 1.86% 829,611.50 1.86% 0.00 0.00 AAA 0.00 SUPRANATIONAL 45950KCM0 International Finance Corp Note 2,500,000.00 08/27/2018 2,468,725.00 100.30 2,507,570.00 1.24% Aaa/AAA 1.66 2.25%Due 1/25/2021 2.79% 2,478,533.98 2.06% 19,687.50 29,036.02 NR 1.60 4581XOCZ9 Inter-American Dev Bank Note 3,000,000.00 08/21/2018 2,872,200.00 99.25 2,977,593.00 1.47% NR/NR 3.29 1.75%Due 9/14/2022 2.87% 2,896,501.82 1.99% 11,229.17 81,091.18 AAA 3.16 5,340,925.00 5,485,163.00 2.72% Aaa/AAA 2.54 Total Supranational 5,500,000.00 2.83% 5,375,035.80 2.02% 30,916.67 110,127.20 AAA 2.45 US CORPORATE 40434CAC9 HSBC USA Inc Note 2,200,000.00 06/20/2017 2,211,242.00 99.98 2,199,465.40 1.09% A2/A 0.06 2.25%Due 6/23/2019 1.99% 2,200,338.80 2.62% 21,725.00 (873.40) AA- 0.06 94974BGF1 Wells Fargo Corp Note 2,025,000.00 Various 2,024,153.60 99.78 2,020,453.88 1.00% A2/A- 0.67 2.15%Due 1/30/2020 2.15% 2,025,010.72 2.49% 14,633.44 (4,556.84) A+ 0.65 747525AD5 Qualcomm Inc Note 1,930,000.00 Various 1,918,856.25 99.68 1,923,876.10 0.95% A2/A- 0.97 2.25%Due 5/20/2020 2.36% 1,928,173.94 2.58% 1,326.88 (4,297.84) NR 0.95 857477AS2 State Street Bank Note 1,750,000.00 01/21/2016 1,778,420.00 100.17 1,752,901.50 0.87% Al/A 1.22 2.55%Due 8/18/2020 2.17% 1,757,574.12 2.41% 12,767.71 (4,672.62) AA- 1.18 594918BG8 Microsoft Callable Note Cont. 10/03/20 1,025,000.00 Various 1,025,086.50 99.73 1,022,281.70 0.50% Aaa/AAA 1.43 2%Due 11/3/2020 1.99% 1,025,062.81 2.19% 1,594.44 (2,781.11) AA+ 1.39 00440EAT4 Chubb INA Holdings Inc Callable Note 2,475,000.00 Various 2,484,922.25 99.93 2,473,331.85 1.22% A3/A 1.43 Cont 10/3/2020 2.18% 2,478,718.39 2.34% 4,427.50 (5,386.54) A 1.39 2.3%Due 11/3/2020 92826CAB8 Visa Inc Note 1,800,000.00 Various 1,845,865.00 99.82 1,796,733.00 0.89% Aa3/AA- 1.54 2.2%Due 12/14/2020 1.60% 1,815,864.45 2.32% 18,370.00 (19,131.45) NR 1.49 Chandler Asset Management-CONFIDENTIAL Page 7 Execution Time:6/3/2019 10:24:42 PM City of Chino Hills Holdings Report CM Account#10150 As of May 31, 2019 CUSIP Security Description Par Value/Units Purchase Date Cost Value Mkt Price Market Value %of Port. Moody/S&P Maturity Book Yield Book Value Mkt YTM Accrued Int. Gain/Loss Fitch Duration US CORPORATE 78012KKU0 Royal Bank of Canada Note 2,525,000.00 12/11/2017 2,534,569.75 100.29 2,532,319.98 1.26% Aa2/AA- 1.64 2.5%Due 1/19/2021 2.37% 2,530,050.94 2.32% 23,145.83 2,269.04 AA 1.58 30231GAV4 Exxon Mobil Corp Callable Note Cont 1,795,000.00 Various 1,815,422.45 99.93 1,793,659.13 0.89% Aaa/AA+ 1.75 2/1/2021 1.97% 1,802,469.92 2.26% 9,971.23 (8,810.79) NR 1.70 2.222%Due 3/1/2021 369550BE7 General Dynamics Corp Note 2,390,000.00 Various 2,373,224.70 101.24 2,419,621.66 1.19% A2/A+ 1.95 3%Due 5/11/2021 3.25% 2,379,080.27 2.34% 3,983.34 40,541.39 NR 1.88 22160KAJ4 Costco Wholesale Corp Note 1,000,000.00 08/14/2017 1,005,170.00 100.01 1,000,102.00 0.49% Aa3/A+ 1.97 2.15%Due 5/18/2021 2.01% 1,002,705.76 2.14% 776.39 (2,603.76) NR 1.91 857477AV5 State Street Bank Note 1,420,000.00 Various 1,403,476.60 99.23 1,409,036.18 0.69% Al/A 1.97 1.95%Due 5/19/2021 2.33% 1,409,785.51 2.35% 923.00 (749.33) AA- 1.92 594918BP8 Microsoft Callable Note Cont 7/8/21 1,225,000.00 Various 1,223,545.75 98.54 1,207,106.43 0.60% Aaa/AAA 2.19 1.55%Due 8/8/2021 1.57% 1,224,363.66 2.24% 5,959.97 (17,257.23) AA+ 2.12 68389XBK0 Oracle Corp Callable Note Cont 8/01/21 2,565,000.00 Various 2,507,672.07 98.73 2,532,409.11 1.25% Al/AA- 2.30 1.9%Due 9/15/2021 2.40% 2,537,270.65 2.47% 10,288.50 (4,861.54) A 2.21 24422ETL3 John Deere Capital Corp Note 1,750,000.00 09/21/2017 1,777,457.50 100.52 1,759,133.25 0.88% A2/A 2.61 2.65%Due 1/6/2022 2.26% 1,766,678.15 2.44% 18,678.82 (7,544.90) A 2.47 89236TDP7 Toyota Motor Credit Corp Note 2,500,000.00 Various 2,464,204.46 100.31 2,507,722.50 1.25% Aa3/AA- 2.62 2.6%Due 1/11/2022 3.01% 2,474,646.38 2.48% 25,277.78 33,076.12 A+ 2.49 91159HHP8 US Bancorp Callable Cont 12/23/2021 1,000,000.00 01/19/2017 998,280.00 100.48 1,004,758.00 0.50% Al/A+ 2.65 2.625%Due 1/24/2022 2.66% 999,088.19 2.43% 9,260.42 5,669.81 AA- 2.44 674599CK9 Occidental Petroleum Callable Note 2,350,000.00 06/18/2018 2,293,929.00 99.16 2,330,227.10 1.15% A3/A 2.88 Cont 3/15/2022 3.27% 2,307,836.22 2.90% 7,807.22 22,390.88 A 2.74 2.6%Due 4/15/2022 69353RFE3 PNC Bank Callable Note Cont 6/28/2022 2,365,000.00 07/25/2017 2,364,787.15 100.20 2,369,789.13 1.18% A2/A 3.16 2.45%Due 7/28/2022 2.45% 2,364,865.60 2.38% 19,797.02 4,923.53 A+ 2.92 44932HAC7 IBM Credit Corp Note 2,400,000.00 Various 2,354,504.00 98.63 2,367,134.40 1.17% Al/A 3.28 2.2%Due 9/8/2022 2.63% 2,368,385.23 2.64% 12,173.33 (1,250.83) A 3.12 48128BAB7 JP Morgan Chase&Co Callable Note 1X 2,400,000.00 Various 2,372,445.00 100.65 2,415,686.40 1.20% A2/A- 3.63 1/15/2022 3.23% 2,379,569.39 2.71% 26,946.14 36,117.01 AA- 3.06 2.972%Due 1/15/2023 24422ETG4 John Deere Capital Corp Note 1,000,000.00 02/19/2019 992,320.00 100.85 1,008,482.00 0.50% A2/A 3.77 2.8%Due 3/6/2023 3.00% 992,841.03 2.56% 6,611.11 15,640.97 A 3.53 Chandler Asset Management-CONFIDENTIAL Paee 8 Execution Time:6/3/2019 10:24:42 PM City of Chino Hills Holdings Report CM Account#10150 As of May 31, 2019 CUSIP Security Description Par Value/Units Purchase Date Cost Value Mkt Price Market Value %of Port. Moody/S&P Maturity Book Yield Book Value Mkt YTM Accrued Int. Gain/Loss Fitch Duration US CORPORATE 084670BR8 Berkshire Hathaway Callable Note Cont 2,400,000.00 11/26/2018 2,328,216.00 100.92 2,422,149.60 1.20% Aa2/AA 3.79 1/15/2023 3.51% 2,336,685.41 2.48% 13,933.33 85,464.19 A+ 3.41 2.75%Due 3/15/2023 037833AK6 Apple Inc Note 1,785,000.00 11/28/2018 1,702,515.15 99.80 1,781,363.96 0.88% Aa1/AA+ 3.93 2.4%Due 5/3/2023 3.54% 1,711,861.73 2.45% 3,332.00 69,502.23 NR 3.71 097023BQ7 Boeing Co Callable Note Cont 1,700,000.00 02/13/2019 1,624,469.00 96.86 1,646,667.60 0.82% A2/A 4.04 4/15/2023 2.98% 1,629,533.06 2.70% 14,697.92 17,134.54 A 3.82 1.875%Due 6/15/2023 02665WCJ8 American Honda Finance Note 755,000.00 07/11/2018 753,693.85 103.80 783,662.07 0.39% A2/A 4.12 3.45%Due 7/14/2023 3.49% 753,923.00 2.47% 9,912.52 29,739.07 NR 3.79 69371RP59 Paccar Financial Corp Note 1,910,000.00 08/06/2018 1,909,216.90 102.99 1,967,078.44 0.98% Al/A+ 4.19 3.4%Due 8/9/2023 3.41% 1,909,343.84 2.64% 20,203.56 57,734.60 NR 3.85 06406RAJ6 Bank of NY Mellon Corp Note 2,400,000.00 05/16/2019 2,463,120.00 103.10 2,474,292.00 1.23% Al/A 4.20 3.45%Due 8/11/2023 2.79% 2,462,629.43 2.66% 25,300.00 11,662.57 AA- 3.86 02665WCQ2 American Honda Finance Note 1,870,000.00 10/03/2018 1,868,466.60 104.34 1,951,217.84 0.97% A2/A 4.36 3.625%Due 10/10/2023 3.64% 1,868,663.10 2.56% 9,603.23 82,554.74 NR 4.01 06051GHF9 Bank of America Corp Callable Note 1X 2,300,000.00 03/06/2019 2,309,361.00 102.19 2,350,471.20 1.17% A2/A- 4.77 3/5/2023 3.44% 2,308,815.26 2.93% 19,505.28 41,655.94 A+ 3.48 3.55%Due 3/5/2024 56,728,612.53 57,223,133.41 28.35% Al/A+ 2.64 Total US Corporate 57,010,000.00 2.68% 56,751,834.96 2.51% 372,932.91 471,298.45 A+ 2.43 US TREASURY 912828J84 US Treasury Note 2,250,000.00 10/23/2015 2,252,204.80 99.25 2,233,125.00 1.10% Aaa/AA+ 0.84 1.375%Due 3/31/2020 1.35% 2,250,414.25 2.29% 5,240.78 (17,289.25) AAA 0.82 912828VF4 US Treasury Note 2,350,000.00 07/10/2015 2,323,478.58 99.15 2,329,987.40 1.15% Aaa/AA+ 1.00 1.375%Due 5/31/2020 1.62% 2,344,573.81 2.24% 88.29 (14,586.41) AAA 0.99 912828XM7 US Treasury Note 2,500,000.00 02/27/2017 2,504,695.88 99.36 2,483,887.50 1.23% Aaa/AA+ 1.17 1.625%Due 7/31/2020 1.57% 2,501,601.64 2.19% 13,579.07 (17,714.14) AAA 1.14 912828L32 US Treasury Note 3,500,000.00 12/11/2017 3,451,054.69 99.07 3,467,460.50 1.71% Aaa/AA+ 1.25 1.375%Due 8/31/2020 1.91% 3,477,474.31 2.13% 12,162.02 (10,013.81) AAA 1.23 912828L99 US Treasury Note 2,650,000.00 11/23/2015 2,608,499.12 99.04 2,624,432.80 1.29% Aaa/AA+ 1.42 1.375%Due 10/31/2020 1.71% 2,638,076.84 2.07% 3,168.48 (13,644.04) AAA 1.39 Chandler Asset Management-CONFIDENTIAL Page 9 Execution Time:6/3/2019 10:24:42 PM City of Chino Hills Holdings Report CM Account#10150 As of May 31, 2019 CUSIP Security Description Par Value/Units Purchase Date Cost Value Mkt Price Market Value %of Port. Moody/S&P Maturity Book Yield Book Value Mkt YTM Accrued Int. Gain/Loss Fitch Duration US TREASURY 912828N89 US Treasury Note 3,200,000.00 Various 3,186,303.70 98.94 3,166,124.80 1.57% Aaa/AA+ 1.67 1.375%Due 1/31/2021 1.48% 3,194,616.40 2.02% 14,707.19 (28,491.60) AAA 1.63 912828B90 US Treasury Note 2,150,000.00 Various 2,194,878.31 99.99 2,149,748.45 1.06% Aaa/AA+ 1.75 2%Due 2/28/2021 1.55% 2,166,363.45 2.01% 10,866.85 (16,615.00) AAA 1.70 912828Q37 US Treasury Note 3,200,000.00 Various 3,155,350.56 98.68 3,157,875.20 1.56% Aaa/AA+ 1.84 1.25%Due 3/31/2021 1.59% 3,180,692.41 1.98% 6,775.95 (22,817.21) AAA 1.80 912828T34 US Treasury Note 3,200,000.00 11/09/2016 3,145,885.73 98.24 3,143,750.40 1.55% Aaa/AA+ 2.34 1.125%Due 9/30/2021 1.48% 3,174,170.67 1.90% 6,098.36 (30,420.27) AAA 2.28 912828F96 US Treasury Note 2,800,000.00 01/27/2017 2,807,337.51 100.18 2,804,922.40 1.38% Aaa/AA+ 2.42 2%Due 10/31/2021 1.94% 2,803,734.31 1.92% 4,869.57 1,188.09 AAA 2.34 912828J43 US Treasury Note 3,610,000.00 03/13/2017 3,544,721.85 99.54 3,593,502.30 1.78% Aaa/AA+ 2.75 1.75%Due 2/28/2022 2.14% 3,573,846.50 1.92% 15,965.42 19,655.80 AAA 2.66 912828XG0 US Treasury Note 3,600,000.00 08/15/2017 3,651,058.94 100.66 3,623,623.20 1.80% Aaa/AA+ 3.08 2.125%Due 6/30/2022 1.82% 3,632,306.70 1.90% 32,121.55 (8,683.50) AAA 2.95 912828L24 US Treasury Note 1,250,000.00 09/26/2017 1,250,541.30 99.89 1,248,632.50 0.62% Aaa/AA+ 3.25 1.875%Due 8/31/2022 1.87% 1,250,357.16 1.91% 5,923.06 (1,724.66) AAA 3.12 912828L57 US Treasury Note 3,600,000.00 10/17/2017 3,560,062.50 99.49 3,581,719.20 1.77% Aaa/AA+ 3.34 1.75%Due 9/30/2022 1.99% 3,573,117.29 1.91% 10,672.13 8,601.91 AAA 3.21 912828N30 US Treasury Note 3,850,000.00 01/25/2018 3,790,144.53 100.74 3,878,424.55 1.93% Aaa/AA+ 3.59 2.125%Due 12/31/2022 2.46% 3,806,471.77 1.91% 34,352.21 71,952.78 AAA 3.41 912828B66 US Treasury Note 1,500,000.00 04/29/2019 1,529,648.44 103.63 1,554,375.00 0.77% Aaa/AA+ 4.72 2.75%Due 2/15/2024 2.31% 1,529,106.92 1.94% 12,078.73 25,268.08 AAA 4.38 44,955,866.44 45,041,591.20 22.26% Aaa/AA+ 2.28 Total US Treasury 45,210,000.00 1.81% 45,096,924.43 2.01% 188,669.66 (55,333.23) AAA 2.19 200,756,475.35 202,129,493.70 100.00% Aa1/AA 2.61 TOTAL PORTFOLIO 201,529,497.38 2.25% 201,082,137.67 2.21% 1,016,151.94 1,047,356.03 AAA 2.34 TOTAL MARKET VALUE PLUS ACCRUED 203,145,645.64 Chandler Asset Management-CONFIDENTIAL Paee 10 Execution Time:6/3/2019 10:24:42 PM City of Chino Hills Transaction Ledger CM Account#10150 As of May 31, 2019 Transaction Settlement Acq/Disp Interest Type Date CUSIP Quantity Security Description Price Yield Amount Pur/Sold Total Amount Gain/Loss ACQUISITIONS Purchase 05/01/2019 31846V401 17,531.25 First American Govt Obligation MMKT 1.000 1.89% 17,531.25 0.00 17,531.25 0.00 Class-D Purchase 05/01/2019 31846V401 2,040.64 First American Govt Obligation MMKT 1.000 1.89% 2,040.64 0.00 2,040.64 0.00 Class-D Purchase 05/03/2019 31846V401 60,132.50 First American Govt Obligation MMKT 1.000 1.89% 60,132.50 0.00 60,132.50 0.00 Class-D Purchase 05/06/2019 31846V401 17,968.75 First American Govt Obligation MMKT 1.000 1.89% 17,968.75 0.00 17,968.75 0.00 Class-D Purchase 05/11/2019 31846V401 35,850.00 First American Govt Obligation MMKT 1.000 1.89% 35,850.00 0.00 35,850.00 0.00 Class-D Purchase 05/15/2019 31846V401 2,774.38 First American Govt Obligation MMKT 1.000 1.89% 2,774.38 0.00 2,774.38 0.00 Class-D Purchase 05/15/2019 31846V401 1,058.33 First American Govt Obligation MMKT 1.000 1.89% 1,058.33 0.00 1,058.33 0.00 Class-D Purchase 05/15/2019 31846V401 136,471.78 First American Govt Obligation MMKT 1.000 1.89% 136,471.78 0.00 136,471.78 0.00 Class-D Purchase 05/15/2019 31846V401 114,101.51 First American Govt Obligation MMKT 1.000 1.89% 114,101.51 0.00 114,101.51 0.00 Class-D Purchase 05/15/2019 31846V401 1,374.34 First American Govt Obligation MMKT 1.000 1.89% 1,374.34 0.00 1,374.34 0.00 Class-D Purchase 05/15/2019 31846V401 4,902.34 First American Govt Obligation MMKT 1.000 1.89% 4,902.34 0.00 4,902.34 0.00 Class-D Purchase 05/15/2019 31846V401 3,771.63 First American Govt Obligation MMKT 1.000 1.89% 3,771.63 0.00 3,771.63 0.00 Class-D Purchase 05/15/2019 31846V401 108,565.07 First American Govt Obligation MMKT 1.000 1.89% 108,565.07 0.00 108,565.07 0.00 Class-D Purchase 05/15/2019 31846V401 101,999.61 First American Govt Obligation MMKT 1.000 1.89% 101,999.61 0.00 101,999.61 0.00 Class-D Purchase 05/15/2019 31846V401 174,139.47 First American Govt Obligation MMKT 1.000 1.89% 174,139.47 0.00 174,139.47 0.00 Class-D Purchase 05/17/2019 31846V401 349,693.75 First American Govt Obligation MMKT 1.000 1.89% 349,693.75 0.00 349,693.75 0.00 Class-D Chandler Asset Management-CONFIDENTIAL Page 11 Execution Time:6/3/2019 10:24:42 PM City of Chino Hills Transaction Ledger CM Account#10150 As of May 31, 2019 Transaction Settlement Acq/Disp Interest Type Date CUSIP Quantity Security Description Price Yield Amount Pur/Sold Total Amount Gain/Loss ACQUISITIONS Purchase 05/17/2019 31846V401 31,406.25 First American Govt Obligation MMKT 1.000 1.89% 31,406.25 0.00 31,406.25 0.00 Class-D Purchase 05/18/2019 31846V401 10,750.00 First American Govt Obligation MMKT 1.000 1.89% 10,750.00 0.00 10,750.00 0.00 Class-D Purchase 05/19/2019 31846V401 13,845.00 First American Govt Obligation MMKT 1.000 1.89% 13,845.00 0.00 13,845.00 0.00 Class-D Purchase 05/20/2019 06406RAJ6 2,400,000.00 Bank of NY Mellon Corp Note 102.630 2.79% 2,463,120.00 22,770.00 2,485,890.00 0.00 3.45%Due 8/11/2023 Purchase 05/20/2019 31846V401 21,712.50 First American Govt Obligation MMKT 1.000 1.89% 21,712.50 0.00 21,712.50 0.00 Class-D Purchase 05/21/2019 31846V401 4,129.99 First American Govt Obligation MMKT 1.000 1.89% 4,129.99 0.00 4,129.99 0.00 Class-D Purchase 05/28/2019 31846V401 9,121.75 First American Govt Obligation MMKT 1.000 1.89% 9,121.75 0.00 9,121.75 0.00 Class-D Purchase 05/28/2019 31846V401 7,921.06 First American Govt Obligation MMKT 1.000 1.89% 7,921.06 0.00 7,921.06 0.00 Class-D Purchase 05/28/2019 31846V401 6,231.25 First American Govt Obligation MMKT 1.000 1.89% 6,231.25 0.00 6,231.25 0.00 Class-D Purchase 05/28/2019 31846V401 7,988.74 First American Govt Obligation MMKT 1.000 1.89% 7,988.74 0.00 7,988.74 0.00 Class-D Purchase 05/29/2019 31846V401 31,640.63 First American Govt Obligation MMKT 1.000 1.89% 31,640.63 0.00 31,640.63 0.00 Class-D Purchase 05/30/2019 31846V401 20,250.00 First American Govt Obligation MMKT 1.000 1.89% 20,250.00 0.00 20,250.00 0.00 Class-D Purchase 05/31/2019 31846V401 16,156.25 First American Govt Obligation MMKT 1.000 1.86% 16,156.25 0.00 16,156.25 0.00 Class-D Subtotal 3,713,528.77 3,776,648.77 22,770.00 3,799,418.77 0.00 TOTAL ACQUISITIONS 3,713,528.77 3,776,648.77 22,770.00 3,799,418.77 0.00 Chandler Asset Management-CONFIDENTIAL Page 12 Execution Time:6/3/2019 10:24:42 PM City of Chino Hills Transaction Ledger CM Account#10150 As of May 31, 2019 Transaction Settlement Acq/Disp Interest Type Date CUSIP Quantity Security Description Price Yield Amount Pur/Sold Total Amount Gain/Loss DISPOSITIONS Sale 05/17/2019 3137EAEE5 350,000.00 FHLMC Note 99.413 2.39% 347,943.75 1,750.00 349,693.75 -1,813.32 1.5%Due 1/17/2020 Sale 05/20/2019 22160KAG0 900,000.00 Costco Wholesale Corp Note 99.385 2.60% 894,465.00 4,156.25 898,621.25 -5,394.60 1.75%Due 2/15/2020 Sale 05/20/2019 31846V401 711,945.00 First American Govt Obligation MMKT 1.000 1.89% 711,945.00 0.00 711,945.00 0.00 Class-D Sale 05/20/2019 437076BQ4 875,000.00 Home Depot Note 99.212 2.57% 868,105.00 7,218.75 875,323.75 -6,718.12 1.8%Due 6/5/2020 Subtotal 2,836,945.00 2,822,458.75 13,125.00 2,835,583.75 -13,926.04 Paydown 05/15/2019 02587AAJ3 0.00 American Express Credit 2017-1 100.000 0.00 2,774.38 2,774.38 0.00 1.93%Due 9/15/2022 Paydown 05/15/2019 161571HF4 0.00 Chase CHAIT 2016-A5 100.000 0.00 1,058.33 1,058.33 0.00 1.27%Due 7/15/2021 Paydown 05/15/2019 43811BAC8 133,867.76 Honda Auto Receivables 2017-2 A3 100.000 133,867.76 2,604.02 136,471.78 0.00 1.68%Due 8/16/2021 Paydown 05/15/2019 47788BAD6 112,408.73 John Deere Owner Trust 2017-B A3 100.000 112,408.73 1,692.78 114,101.51 0.00 1.82%Due 10/15/2021 Paydown 05/15/2019 47788CAC6 0.00 John Deere Owner Trust 2016-B A4 100.000 0.00 1,374.34 1,374.34 0.00 2.66%Due 4/18/2022 Paydown 05/15/2019 47788EAC2 0.00 John Deere Owner Trust 2018-B A3 100.000 0.00 4,902.34 4,902.34 0.00 3.08%Due 11/15/2022 Paydown 05/15/2019 47788MAC4 3,767.36 John Deere Owner Trust 2016-A A3 100.000 3,767.36 4.27 3,771.63 0.00 1.36%Due 4/15/2020 Paydown 05/15/2019 65478VAD9 107,693.57 NAROT 2016-B A3 100.000 107,693.57 871.50 108,565.07 0.00 1.32%Due 1/15/2021 Paydown 05/15/2019 89237RAB4 101,494.98 Toyota Auto Receivable 2017-C A2A 100.000 101,494.98 504.63 101,999.61 0.00 1.58%Due 7/15/2020 Paydown 05/15/2019 89238BAB8 172,151.75 Toyota Auto Receivables Owner 2018-A 100.000 172,151.75 1,987.72 174,139.47 0.00 A2A 2.1%Due 10/15/2020 Chandler Asset Management-CONFIDENTIAL Page 13 Execution Time:6/3/2019 10:24:42 PM City of Chino Hills Transaction Ledger CM Account#10150 As of May 31, 2019 Transaction Settlement Acq/Disp Interest Type Date CUSIP Quantity Security Description Price yield Amount pur/Sold Total Amount Gain/Loss DISPOSITIONS Paydown 05/21/2019 43815HAC1 0.00 Honda Auto Receivables Owner 2018-3 100.000 0.00 4,129.99 4,129.99 0.00 A3 2.95%Due 8/22/2022 Paydown 05/28/2019 3137B5JM6 0.00 FHLMC K034 A2 100.000 0.00 9,121.75 9,121.75 0.00 3.531%Due 7/25/2023 Paydown 05/28/2019 3137B7MZ9 0.00 FHLMC K036 A2Due 10/25/2023 100.000 0.00 7,921.06 7,921.06 0.00 Paydown 05/28/2019 3137BFDQ1 0.00 FHLMC K717 A2 100.000 0.00 6,231.25 6,231.25 0.00 2.991%Due 9/25/2021 Paydown 05/28/2019 3137BYPQ7 0.00 FHLMC K726 A2 100.000 0.00 7,988.74 7,988.74 0.00 2.905%Due 4/25/2024 Subtotal 631,384.15 631,384.15 53,167.10 684,551.25 0.00 Security 05/03/2019 31846V401 11,727.97 First American Govt Obligation MMKT 1.000 11,727.97 0.00 11,727.97 0.00 Withdrawal Class-D Security 05/24/2019 31846V401 104.17 First American Govt Obligation MMKT 1.000 104.17 0.00 104.17 0.00 Withdrawal Class-D Subtotal 11,832.14 11,832.14 0.00 11,832.14 0.00 TOTAL DISPOSITIONS 3,480,161.29 3,465,675.04 66,292.10 3,531,967.14 -13,926.04 OTHER TRANSACTIONS Interest 05/01/2019 3137EADR7 2,550,000.00 FHLMC Note 0.000 17,531.25 0.00 17,531.25 0.00 1.375%Due 5/1/2020 Interest 05/03/2019 00440EAT4 2,475,000.00 Chubb INA Holdings Inc Callable Note 0.000 28,462.50 0.00 28,462.50 0.00 Cont 10/3/2020 2.3%Due 11/3/2020 Interest 05/03/2019 037833AK6 1,785,000.00 Apple Inc Note 0.000 21,420.00 0.00 21,420.00 0.00 2.4%Due 5/3/2023 Interest 05/03/2019 594918BG8 1,025,000.00 Microsoft Callable Note Cont. 10/03/20 0.000 10,250.00 0.00 10,250.00 0.00 2%Due 11/3/2020 Interest 05/06/2019 3135G0K69 2,875,000.00 FNMA Note 0.000 17,968.75 0.00 17,968.75 0.00 1.25%Due 5/6/2021 Chandler Asset Management-CONFIDENTIAL Page 14 Execution Time:6/3/2019 10:24:42 PM City of Chino Hills Transaction Ledger CM Account#10150 As of May 31, 2019 Transaction Settlement Acq/Disp Interest Type Date CUSIP Quantity Security Description Price yield Amount pur/Sold Total Amount Gain/Loss OTHER TRANSACTIONS Interest 05/11/2019 3695506E7 2,390,000.00 General Dynamics Corp Note 0.000 35,850.00 0.00 35,850.00 0.00 3%Due 5/11/2021 Interest 05/17/2019 3137EAEK1 3,350,000.00 FHLMC Note 0.000 31,406.25 0.00 31,406.25 0.00 1.875%Due 11/17/2020 Interest 05/18/2019 22160KAJ4 1,000,000.00 Costco Wholesale Corp Note 0.000 10,750.00 0.00 10,750.00 0.00 2.15%Due 5/18/2021 Interest 05/19/2019 857477AV5 1,420,000.00 State Street Bank Note 0.000 13,845.00 0.00 13,845.00 0.00 1.95%Due 5/19/2021 Interest 05/20/2019 747525AD5 1,930,000.00 Qualcomm Inc Note 0.000 21,712.50 0.00 21,712.50 0.00 2.25%Due 5/20/2020 Interest 05/29/2019 3130AABG2 3,375,000.00 FHLB Note 0.000 31,640.63 0.00 31,640.63 0.00 1.875%Due 11/29/2021 Interest 05/30/2019 3135G0F73 2,700,000.00 FNMA Note 0.000 20,250.00 0.00 20,250.00 0.00 1.5%Due 11/30/2020 Interest 05/31/2019 912828VF4 2,350,000.00 US Treasury Note 0.000 16,156.25 0.00 16,156.25 0.00 1.375%Due 5/31/2020 Subtotal 29,225,000.00 277,243.13 0.00 277,243.13 0.00 Dividend 05/01/2019 31846V401 257,391.12 First American Govt Obligation MMKT 0.000 2,040.64 0.00 2,040.64 0.00 Class-D Subtotal 257,391.12 2,040.64 0.00 2,040.64 0.00 TOTAL OTHER TRANSACTIONS 29,482,391.12 279,283.77 0.00 279,283.77 0.00 Chandler Asset Management-CONFIDENTIAL Page 15 Execution Time:6/3/2019 10:24:42 PM 00276901 40--01-B-62-157-01 ®bank. 0102 -19-02877-01 PARS/CITY OF CHINO HILLS 115P Page 5 of 14 ACCOUNT 6746053100 Period from May 1, 2019 to May 31, 2019 . ASSET SUMMARY 05/31/2019 05/31/2019 %OF ASSETS MARKET BOOK VALUE MARKET Cash And Equivalents 241,229.93 241,229.93 3.44 Mutual Funds-Equity 3,457,804.46 3,176,874.02 49.36 Mutual Funds-Fixed Income 3,306,132.71 3,227,792.11 47.19 Total Assets 7,005,167.10 6,645,896.06 99.99 MUTUAL FUNDS .............. ............. CASH EQUIV&ACCR Accrued Income 466.71 466.71 0.01 � Grand Total 7,005,633.81 6,646,362.77 100.00 Estimated Annual Income 170,116.79 ASSET SUMMARY'MESSAGES Estimated Annual Income is an estimate provided for informational purposes only and should not be relied on for making investment,trading, or tax decisions. The estimates may not represent the actual value earned by your investments and they provide no guarantee of what your investments may earn in the future. 00276901 Y� 40 -01-B-62-157-01 ®bank 0102 -19-02877-01 PARS/CITY OF CHINO HILLS 115P Page 6 of 14 ACCOUNT 6746053100 Period from May 1, 2019 to May 31,2019 ASSET DETAIL UNREALIZED GAIN (LOSS) ADJ PRIOR MARKET/ SHARES/ MARKET SINCE INCEPTION/ ADJ PRIOR MARKET ENDING ACCRUAL DESCRIPTION FACE AMOUNT PRICE/UNIT BOOK VALUE CURRENT PERIOD UNREALIZED GAIN/LOSS YIELD ON MARKET Cash And Equivalents Money Markets First Am Govt 238,939.500 238,939.50 238,939.50 .00 238,939.50 466.70 Ob Fd CI Z 1.0000 .00 .00 2.26 31846V567 Asset Minor Code 1 Total Money Markets 238,939.500 238,939.50 238,939.50 .00 238,939.50 466.70 .00 .00 2.25 Cash Cash 2,290.43 2,290.43 2,290.43 Total Cash .000 2,290.43 2,290.43 .00 2,290.43 .00 .00 .00 0.00 Total Cash And 238,939.500 241,229.93 241,229.93 .00 241,229.93 466.70 Equivalents .00 .00 2.23 Mutual Funds Mutual Funds-Equity (shares Core 3,719.000 1,031,278.70 894,318.98 136,959.72 1,013,541.48 .00 S P 500 Etf 277.3000 -69,322.16 17,737.22 1.97 464287200 Asset Minor Code 94 (shares S P 2,098.000 356,093.54 285,140.76 70,952.78 340,775.95 .00 500 Growth Etf 169.7300 - 19,784.14 15,317.59 1.20 464287309 Asset Minor Code 94 (shares S P 4,227.000 458,629.50 450,540.16 8,089.34 464,443.90 .00 500 Value Etf 108.5000 -37,451.22 -5,814.40 2.56 464287408 Asset Minor Code 94 00276901 40--01-B- 2 1 ®bank.0102 19 02877 77-01 01 PARS/CITY OF CHINO HILLS 115P Page 7 of 14 ACCOUNT 6746053100 Period from May 1, 2019 to May 31,2019 ASSET'DETAIL (continued) UNREALIZED GAIN (LOSS) ADJ PRIOR MARKET/ SHARES/ MARKET SINCE INCEPTION/ ADJ PRIOR MARKET ENDING ACCRUAL DESCRIPTION FACE AMOUNT PRICE/UNIT BOOK VALUE CURRENT PERIOD UNREALIZED GAIN/LOSS YIELD ON MARKET (shares Msci 7,182.000 455,338.80 437,496.58 17,842.22 478,236.67 .00 Eafe Etf 63.4000 -24,131.52 -22,897.87 3.14 464287465 Asset Minor Code 94 (shares 5,228.000 274,626.84 250,153.97 24,472.87 275,533.77 .00 Russell Mid Cap Etf 52.5300 - 17,932.04 -906.93 1.77 464287499 Asset Minor Code 94 (shares 2,749.000 313,770.86 331,899.90 - 18,129.04 356,311.54 .00 Russell 2000 Value Etf 114.1400 -28,012.31 -42,540.68 1.96 464287630 Asset Minor Code 94 (shares 1,314.000 246,466.98 221,345.74 25,121.24 262,018.18 .00 Russell 2000 Growth Etf 187.5700 - 19,578.60 - 15,551.20 0.68 464287648 Asset Minor Code 94 Vanguard Ftse 5,476.000 222,544.64 214,868.31 7,676.33 230,195.97 .00 Emerging Markets Etf 40.6400 - 15,168.52 -7,651.33 2.68 922042858 Asset Minor Code 94 Vanguard Real 1,140.000 99,054.60 91,109.62 7,944.98 92,693.30 .00 Estate Etf 86.8900 136.80 6,361.30 3.96 922908553 Asset Minor Code 94 Total Mutual Funds-Equity 33,133.000 3,457,804.46 3,176,874.02 280,930.44 3,513,750.76 .00 -231,243.71 -55,946.30 2.11 Mutual Funds-Fixed Income (shares Core 22,104.000 2,440,281.60 2,372,985.86 67,295.74 2,350,027.09 .00 U.S.Aggregate Bond Etf 110.4000 40,008.24 90,254.51 2.72 464287226 Asset Minor Code 95 Vanguard 81,300.574 865,851.11 854,806.25 11,044.86 848,677.75 .01 Short Term Invt Grade#539 10.6500 4,065.03 17,173.36 2.90 922031836 Asset Minor Code 99 Total Mutual Funds-Fixed 103,404.574 3,306,132.71 3,227,792.11 78,340.60 3,198,704.84 .01 Income 44,073.27 107,427.87 2.76 00276901 Y 40 01 B 62 157 01 ®bank ,fi• x 0102 -19-02877-01 PARS/CITY OF CHINO HILLS 115P Page 8 of 14 ACCOUNT 6746053100 Period from May 1, 2019 to May 31,2019 ASSET'DETAIL (continued) UNREALIZED GAIN (LOSS) ADJ PRIOR MARKET/ SHARES/ MARKET SINCE INCEPTION/ ADJ PRIOR MARKET ENDING ACCRUAL DESCRIPTION FACE AMOUNT PRICE/UNIT BOOK VALUE CURRENT PERIOD UNREALIZED GAIN/LOSS YIELD ON MARKET Total Mutual Funds 136,537.574 6,763,937.17 6,404,666.13 359,271.04 6,712,455.60 .01 -187,170.44 51,481.57 2.43 Total Assets 375,477.074 7,005,167.10 6,645,896.06 359,271.04 6,953,685.53 466.71 -187,170.44 51,481.57 2.42 Accrued Income .000 466.71 466.71 Grand Total 375,477.074 7,005,633.81 6,646,362.77 ASSET DETAIL MESSAGES Time of trade execution and trading party(if not disclosed)will be provided upon request. Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be reflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued,at par value, or at a nominal value. Values shown do not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation. For further information,please contact your account manager or relationship manager. Yield on Market and Accrued Income are estimates provided for informational purposes only and should not be relied on for making investment,trading, or tax decisions.The estimates may not represent the actual value earned by your investments and they provide no guarantee of what your investments may earn in the future. 00276901 40--01 B 62 1 ®bank: 0102 -19-02877-0177-01 PARS/CITY OF CHINO HILLS 115P Page 9 of 14 ACCOUNT 6746053100 Period from May 1, 2019 to May 31, 2019 INCOME ACCRUAL DETAIL SHARES/ EX PAY ANN BEGINNING INCOME INCOME ENDING FACE AMOUNT DESCRIPTION DATE DATE RATE ACCRUAL EARNED RECEIVED ACCRUAL Cash And Equivalents 238,939.500 First Am Govt Ob Fd CI Z 0.02 447.51 466.70 447.51 466.70 31846V567 06/03/19 Total Cash And Equivalents 447.51 466.70 447.51 466.70 Mutual Funds-Fixed Income 22,104.000 !shares Core U.S.Aggregate Bond Etf 3.00 .00 5,754.02 5,754.02 .00 464287226 05/01/19 05/07/19 81,300.574 Vanguard Short Term Invt Grade#539 0.31 .00 2,290.44 2,290.43 .01 922031836 05/31/19 06/03/19 Total Mutual Funds-Fixed Income .00 8,044.46 8,044.45 .01 Grand Total 447.51 8,511.16 8,491.96 466.71 00276901 -1 bank: 40--01-B 62-157-01 0102 -19-02877-01 PARS/CITY OF CHINO HILLS 115P Page 10 of 14 ACCOUNT 6746053100 Period from May 1, 2019 to May 31, 2019 INVESTMENT ACTIVITY' DATE DESCRIPTION CASH Interest First Am Govt Ob Fd CI Z 31846V567 05/01/2019 Interest From 4/1/19 To 4/30/19 447.51 Total Interest 447.51 Dividends (shares Core U.S.Aggregate Bond Etf 464287226 05/07/2019 0.260316 USD/Share On 22,104 Shares Due 5/7/19 5,754.02 Vanguard Short Term Invt Grade#539 922031836 05/31/2019 Dividend From 5/1/19 To 5/31/19 2,290.43 Total Dividends 8,044.45 00276901 40--01 B 62 1 bank:. 0102 -19-02877-0177-01 PARS/CITY OF CHINO HILLS 115P Page 11 of 14 ACCOUNT 6746053100 Period from May 1, 2019 to May 31, 2019 PLAN EXPENSES DATE DESCRIPTION CASH Trust Fees Trust Fees 05/28/2019 Collected - 1,864.81 Charged For Period 04/01/2019 Thru 04/30/2019 Total Trust Fees -1,864.81 Total Trust Fees -1,864.81 Total Plan Expenses -1,864.81 00276901 Ubaflk; 0102 19 02877 77-01 01 PARS/CITY OF CHINO HILLS 115P Page 12 of 14 ACCOUNT 6746053100 Period from May 1, 2019 to May 31, 2019 OTHER ACTI /IT`Yr DATE DESCRIPTION CASH Transfers Out Transfer To Another Account 05/30/2019 Paid To #6746050100 - 1,497.43 Per Dir Dtd 05/29/19 Total Transfer To Another Account -1,497.43 Total Transfers Out -1,497.43 -1,497.43 Total Other Activity 00276901 40--01 B 62 1 ®bank:. 0102 -19-02877-0177-01 PARS/CITY OF CHINO HILLS 115P Page 13 of 14 ACCOUNT 6746053100 Period from May 1, 2019 to May 31, 2019 PURCHASES' SHARES/ DATE DESCRIPTION FACE AMOUNT COMMISSION CASH BOOK VALUE Cash And Equivalents 05/02/2019 Purchased 2,654.530 .00 -2,654.53 2,654.53 2,654.53 Units Of First Am Govt Ob Fd CI Z Trade Date 5/2/19 31846V567 05/07/2019 Purchased 5,754.020 .00 -5,754.02 5,754.02 5,754.02 Units Of First Am Govt Ob Fd CI Z Trade Date 5/7/19 31846V567 Total First Am Govt Ob Fd CI Z 8,408.550 .00 -8,408.55 8,408.55 Total Cash And Equivalents 8,408.550 .00 -8,408.55 8,408.55 Total Purchases 8,408.550 .00 -8,408.55 8,408.55 00276901 r�c v 40--01-B-62-157-01 � .:. 0102 19 02877 01 bank. PARS/CITY OF CHINO HILLS 115P Page 14 of 14 ACCOUNT 6746053100 Period from May 1, 2019 to May 31, 2019 SALES AND MATURITIES PRIOR MARKET/ SHARES/ TRANSACTION REALIZED PRIOR MARKET DATE DESCRIPTION FACE AMOUNT COMMISSION PROCEEDS BOOK VALUE GAIN/LOSS REALIZED GAIN/LOSS Cash And Equivalents 05/28/2019 Sold - 1,864.810 .00 1,864.81 - 1,864.81 .00 - 1,864.81 1,864.81 Units Of .00 First Am Govt Ob Fd CI Z Trade Date 5/28/19 31846V567 05/30/2019 Sold - 1,497.430 .00 1,497.43 - 1,497.43 .00 - 1,497.43 1,497.43 Units Of .00 First Am Govt Ob Fd CI Z Trade Date 5/30/19 31846V567 Total First Am Govt Ob Fd -3,362.240 .00 3,362.24 -3,362.24 .00 -3,362.24 CI Z .00 Total Cash And -3,362.240 .00 3,362.24 -3,362.24 .00 -3,362.24 Equivalents .00 Total Sales And -3,362.240 .00 3,362.24 -3,362.24 .00 -3,362.24 Maturities .00 SALES AND MATURITIES MESSAGES Realized gain/loss should not be used for tax purposes.