12. JUNE 30, 2016CITY OF EASTVALE ITEM 6.:33:]
CITY COUNCIL STAFF REPORT
MEETING DATE: AUGUST 24, 2016
TO: HONORABLE MAYOR AND COUNCILMEMBERS
FROM: JAMES R. RILEY, INTERIM FINANCE DIRECTOR
SUBJECT: TREASURER'S REPORT — QUARTER ENDED JUNE 30, 2016
RECOMMENDATION: RECEIVE AND FILE THE CITY TREASURER'S REPORT
BACKGROUND
In accordance with the City of Eastvale's Investment Policy, adopted May 11, 2016, the City
Treasurer is required to submit a quarterly treasurer's report to the City Council. The report shall
include types of investments, credit ratings, institutions involved, dates of purchases, dates of
maturity, amount of deposits or cost of the security, current market value of the securities,
interest rates, investment fund balances and a statement as to whether investments are in
compliance with the Investment Policy and whether there are sufficient funds to meet the City's
cash obligations for the next six months.
DISCUSSION
The Schedule of Investments, includes a breakdown of the City's investments by "Active" or
"Inactive" Deposits. "Active Deposits" are those accounts which receive revenues, whereas
"Inactive Deposits" are available for use but are not earning revenues. Detail reports for the
Morgan Stanley Investment Portfolio and the PFM Managed Investment Portfolio, with all
supplemental information required by the City's investment policy, are included in the report.
The Dash Board Report Card, consists of two sections:
L Portfolio Diversification — This section reflects the diversification of the City of
Eastvale's portfolio by both type of instrument and length of maturity.
II. Portfolio Performance Measures — This section compares budget to actuals in the area of
interest earned.
The City of Eastvale's Schedule of Investments is in compliance with the City's Investment
Policy. The City has sufficient funds to meet its expenditure requirements for the next six
months. Total cash and investments at June 30, 2016 is $54,456,481 (book value). Interest
income earned through June 30, 2016 is $223,129, which surpasses the 2015-16 budgeted
amount for interest of $48,070.
FISCAL IMPACT - None
CITY OF EASTVALE ITEM 6.:33:]
CITY COUNCIL STAFF REPORT
STRATEGIC PLAN IMPACT
Goal 1: Establish a solid fiscal foundation for the City
ATTACHMENTS
1. Schedule of Investments — June 30, 2016
2. Dash Board Report Card — June 30, 2016
3. Morgan Stanley Investment Portfolio — June 30, 2016
4. PFM Managed Investment Portfolio — June 30, 2016
Prepared by: James R. Riley, Interim Finance Director
Reviewed by: Michele Nissen, City Manager
Reviewed by: John Cavanaugh, City Attorney
City of Eastvale
Schedule of Investments
ek As of June 30, 2016
Book Value (Fair Value)
Par Price @ Market
Institution Value Cost Value Yield
ACTIVE DEPOSITS
Money Market Accounts:
Citizens Business Bank - Money Market $ 1,175,579.82 $ 1,175,579.82 $ 1,175,579.82 0.350%
First American Govt Oblig Fund - US Bank $ 1,818,660.03 $ 1,818,660.03 $ 1,818,660.03 0.001%
Total Money Market $ 2,994,239.85 $ 2,994,239.85 $ 2,994,239.85 0.138%
Pooled Investment Accounts:
Local Agency Investment Fund $ 12,811,396.12 $ 12,811,396.12 $ 12,814,228.21 0.576%
Total Pooled Investment $ 12,811,396.12 $ 12,811,396.12 $ 12,814,228.21 0.576%
Morgan Stanley Investment Portfolio
Certificates of Deposit $ 3,227,000.00 $ 3,227,000.00 $ 3,239,545.09 0.950%
Total Morgan Stanely Investments $ 3,227,000.00 $ 3,227,000.00 $ 3,239,545.09 0.950%
PFM Managed Investment Portfolio:
U.S. Treasury Bond/ Note
Federal Agency Discount Note
Federal Agency Bond/ Note
Corporate Note
Total PFM Managed Investments
ACTIVE DEPOSITS TOTAL
INACTIVE DEPOSITS
$ 4,530,000.00
$
4,617,846.49
$
4,647,816.28 0.910%
$ 6,030,000.00
$
6,028,690.16
$
6,028,767.23 0.290%
$ 15,400,000.00
$
15,483,091.00
$
15,537,703.00 0.720%
$ 3,865,000.00
$
4,010,432.85
$
4,025,271.88 1.860%
$ 29,825,000.00 $ 30,140,060.50 $ 30,239,558.39 0.810%
$ 48,857,635.97 $ 49,172,696.47 $ 49,287,571.54 0.499%
Checking Account.
Citizens Business Bank - Checking $ 5,283,784.33 $ 5,283,784.33 0.000%
Total $ 5,283,784.33 $ 5,283,784.33 0.000%
INACTIVE DEPOSITS TOTAL
GRAND TOTAL CASH
$ 5,283,784.33 $ 5,283,784.33
$ 54,456,480.80 $ 54,571,355.87
Per Government Code requirements, the Investment Report is in compliance with the City of
Eastvale's Investment Policy, and there are adequate funds available to meet
budgeted and actual expenditures for the next six months.
James R. Riley
Interim Finance Director
8/3/2016
City of Eastvale
Dash Board Report Card
As of June 30, 2016
I. PORTFOLIO DIVERSIFICATION
DIVERSIFICATION BY INSTRUMENT
Money Market
6.09%
LAIF
26.05%
Certificates of Deposit
6.56%
U.S. Treasury Bond/ Note
9.39%
Federal Agency Discount Note
12.26%
Federal Agency Bond/ Note
31.49%
Corporate Note
8.16%
100.00%
DIVERSIFICATION BY MATURITY
Less Than 90 Days
44.91 %
Six Months (26 Weeks)
1.52%
One Year (52 Weeks)
2.52%
Two Years (104 Weeks)
16.79%
Three Years (156 Weeks)
18.34%
Four Years (208 Weeks)
4.67%
Five Years +
11.25%
100.00%
II. PORTFOLIO PERFORMANCE MEASURES
Yield at Cost Month
0.499%
Annual Interest Budget
$
48,070.00
Money Market
$
15,384.14
LAIF
$
102,246.40
LAIF Mark to Market
$
-
Certificate of Deposits
$
44,519.52
U.S. Treasury Bond/ Note
$
41,625.00
Federal Agency Discount Note
$
-
Federal Agency Bond/ Note
$
19,354.16
Corporate Note
$
-
Total YTD Interest Earned
$
223,129.22
Over/(Under) Annual Budget
$
175,059.22
% of Annual Budget
464.176%
MORGAN STANLEY INVESTMENT PORTFOLIO
CLIENT STATEMENT I For the Period June 1-30, 2016 Morgan Stanley Page 4 of 10
Account Summary
Active Assets Account CITY OF EASTVALE
CIO JAMES R RILEY
CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest)
This Period This Year
_ (6/1116-6/30/16) (1/l/16-6130/16)
TOTAL BEGINNING VALUE $3,496,621.38 $4,726,440.43
Credits ._ T
Debits (252,721.98) (1,515,299.01)
Security Transfers
Net Credits/Debits/Transfers $(252,721.98) $(1,515,299.01)
Change in Value 2,959.31 35,717.29
TOTAL ENDING VALUE $3,246,858.71 $3,246,858.71
ASSET ALLOCATION lincludes accrued interest)
_ Market Value Percentage
Fixed income & Preferreds $3,246,858.71 100.00
TOTAL VALUE S3,246,858.71 100.00%
FDiC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash
and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures.
Values may include assets externally held, which are provided to you as a courtesy, and may not be
covered by SIPC. For additional information, refer to the corresponding section of this statement.
CHANGE iN VALUE OVER TIME
The display of market value (total account value) and net invested capital (total amount invested mires
total withd(awn), demonstrates the impact of deposits and withdrawals.
5.00
4.18
N
3.36
.;, 2.54
1.72
0.90
SEP 2013 DEC 2013 DEC 2014 DEC 2015 JUN 2016
— Total Market Value --- Net invested Capital Since 09/30/13
This graph does not reflect corrections to Net Invested Capital or Market Value made subsequent to the
dates depicted. It may exclude transactions in Annuities or positrons where we are not the custodian,
which could delay the reporting of Market Value or affect the Net invested Capital.
Fixed Income & Preferreds
This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and
MMF balances. These classifications do not constitute a recommendation and may differ from the
classification of instruments for regulatory or tax purposes.
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0
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CLIENT STATEMENT I For the Period June 1-30, 2016
Account Summary
BALANCE SHEET (^ includes accrued interest)
Active Assets Account
Last Period Ti1is Period
(as of 5/31/16) (as of 6/30/16)
Certificates of Deposit ^ $3,496,621.38 $3,246,858.71
Total Assets $3,496,621.38 $3,246,858.71
Total Liabilities (outstanding balance) — —
TOTAL VALUE $3,496,621.38 $3,246,858.71
INCOME AND DISTRIBUTION SUMMARY
This Period This Year
(6/1/16.6/30/16) _ (1/1/16-6f30/16)
Interest $3,721.98 $22,298.93
Total Taxable Income And Distributions $3,721.98 $22,298.93
Total Tax -Exempt Income —
TOTAL INCOME AND DISTRIBUTIONS $3,721.98 $22,298.93
Taxable and tax exempt income classifications are based on the characteristics of the underlying
securities and not the taxable status of the account.
PERSONAE RETIREMENT EDUCATION TRUST BUSINESS
ACCOUNTS ACCOUNTS ACCOUNTS ACCOUNTS ACCOUNTS
CASH FLOW
Morgan Stan [ey
CITY OF EASiVALE
CIO JAMES R RILEY
Page 5 of 10
This Period
This Year
(6/1/16-6130/16)
(1/1116-6/30/16)
OPENING CASH, BDP, MMFs
—
$0.08
Sales and Redemptions
249,000.00
1,493,000.00
Income and Distributions
3,721.98
22,298.93
Total Investment Related Activity
$252,721.98
$1,515,298.93
Electronic Transfers -Debits
(252,721.98)
(1,515,299.01)
Total Cash Related Activity
$(252,721,98)
$(1,515,299.01)
Total Card/Check Activity _
CLOSING CASH, BDP, MMF3 —
GAINALOSS) SUMMARY
Unrealized
Realized This Period Realized This Year Inception to Date
(6/1/16-6f30116) (1/1116-6/30/16) (as of 6/30/16)
Short -Term Gain — — $3,491.84
Long -Term Gain -- -- 9,053.25
TOTAL GAINALOSS) — — $12,545.09
The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational
purposes and should not be used for tax preparation. Refer to Gainl(Loss) in the Expanded Disclosures.
a
CLIENT STATEMENT I For the Period June 1-30, 2016 Morgan Stanley Page 6 of 10
Active Assets Account CITY OF F-ASTVALE
Account Detail C/O JAMES R RILEY
Investment Objectivesl: Income, Aggressive Income Brokerage Account
t Inform us if your investment objectives, as defined in the Expanded Disclosures, change.
HOLDINGS
This section reflects positions purchasedlsold on a trade date basis. "Market Value" and 'Unrealized Gain/(Loss), may not reflect the value that could be obtained in the market. Fixed Income securities are sorted
by maturity or pre -refunding date, and alphabetically within date. Estimated Annual Income a) is calculated on a pre-tax basis, b) does not include any reduction for applicable non -US withholding taxes, c) may
include return of principal or capital gains which could overstate such estimates, and d) for securities that have a defined maturity date within the next 12 months, is reflected only through maturity date. Actual
income or yield may be lower or higher than the estimates. Current yield reflects the income generated by an investment, and does not reflect changes in its price. Structured Investments, identified on the
Position Description Details line as "Asset Class: Struct Inv," may appear in various statement product categories. When displayed, the accrued interest, annual income and current yield for those with a
contingent income feature (e.g., Range Accrual Notes or Contingent Income Notes) are estimates and assume specified accrual conditions are met during the relevant period and payment in full of all contingent
interest. For Floating Rate Securities, the accrued interest, annual income and current yield are estimates based on the current floating coupon rate and may not reflect historic rates within the accrual period.
CERTIFICATES OF DEPOSIT
Wig Unit Cost
Socuri Description Trade Dale Face Value Ad' Unit Cost Unit Price
Orig Total Cost
Ad' Total Cost
Unrealized
Market Value Gain/(Loss)
Est Ann Income
Accrued Interest
Current
Yield %
DISCOVER BK GREENWOOD DE CD 9/18/13 248,000.000 $100.000 $100.158
$248.000.00
$1.488.00
0.59
Coupon Rate 1.200%; Matures 09/26/2016; CUSIP 25467IWR7 $100,000
$248,090.00
$248,391.84 $391.84 LT
$784A3
!nt_Semi-Annually Mar/Sep 25,_Yieid to Maturity _539%; Issued 09125113; Maturity Value = $248,000.00; Asset Class: Fl & Pref
- - --------------------------------------------------------------------------------------------------------------
KEY BANK CD CLEVELAND OH CD 4/2/14 249,000.000 100.000 100.028
249.000.00
747.00
0.29
Coupon Rate 0.600%. Matures 10/17/2016; CUSIP 49306STUO 100.000
249,000.00
249,069.72 69.72 LT
306.14
fit Semi-Annualy Apr/0ct 16,• Yield to Mafurrty .5069 ; issued 04116114_ Maturity Value : $249,000.00,;Asset Class_FI& Pref
----------------------------------- --- - - -----------------------------------------------------------------------------
SYNOVUS BANK CD COLUMBUS GA CO 5/6/14 249,000.000 100,000 100.162
249,000.90
934.00
0.37
Coupon Rate 0.750%; Matures 11/15/2016; CUSIP 87164DELD 100.000
249,000,00
249,403.38 403.38 LT
233.43
Int. Semi -Annually MaylNov 15;_Issued 05115114, Maturity Value = $249,000.00; Asset Class: Fl &_Pref _
SALLIE MAE Bit CO SALT LAKE CiTY UT CD 12/4/13 248,000.000 100.000 100.291
248,000.00
1,302.00
0.52
Coupon Rate 1,050%; Matures 12112/2016; CUSIP 79545ORV9 100,000
248,000.00
248,721.68 721.68 LT
135.18
/at Semt-AnnuallylunlNc 11; issued 12111113; Maturity Value = $248,000.00; Asset Class: FI & Prof
----------------------------------------- ---------------------------------------------------------------------------------•-----------------------------------------------
BANK BARODA NEW YORK NY CD 1/14/14 248,000.000 100.000 100.316
248,000.00
2.480.00
0.99
Coupon Rate 1.000%; Matures 01/17/20I7; CUSIP 06062AFBO 100-000
248,000.00
248,703.68 783.68 LT
1,124.17
Int. Semi -Annually lan/1uI I7; issued 01117114; Maturity Value = $248, 000.0Q• Asset Class: FI & Prof
GE-
AP RET SK DRAPER LIT CD 2/10/14 248,000.000 100.000 100.284
248,000.00
-----------------
---------------
2.604.00
1.04
Coupon Rate 1,050%; Matures 02/14/2017; CUSIP 361570VR5 100.000
248,000.00
248,704.32 7D4.32 LT
980.07
Int. Semi -Annually FehlAug 14; Yield to Maturity _5939q_Issued 02114/14; Maturity Value = $248, 000.00_ Asset Class; FI & Pref
---------------------
goldman sachs NEW YORK NY CD 3/11/14 248,000.000 100.000 100.320
248,000,00
-------------------------
2,604.00
I-04
Coupon Rate 1.050%, Matures 03/20/2017, CUSIP 38147JVW9 100,000
248,000.00
24B,793.60 793.60 LT
728.83
Inc Semi -Annually MarlSep 19,;Yield to Maturity .606% Issued 03119114, Maturity Value = $248,000.00, Asset Class. Fi & Pref
------------------- ------------- ------------ -----_-__-_ -------------------------------
PRIVATEBANK &TC CHICAGO ILL CD 4/2114 248.000.000 100,000 100.383
248,000.00
--------
---------------
2,480.00
0.99
Coupon Rate 1.000%; Matures 84/17/2017; CUSIP 74267GU14 100-000
248,000.00
248,949.84 949.84 LT
508.19
Searcy Mek
at Fth t
Ln
Ln
Ln
m
e
0
CLIENT STATEMENT I For the Period June 1-30, 2016
Account Detail
Morgan Stanley
Active Assets Account CITY OF EASTVALE
CIO JAMES R RILEY
Ong Unit Cost Orin Total Cost
Securi -Asq lion Trade Date Face Value Ad' Unit Cost Unit Price Ad' Total Cost
In' . Semi Annualy Apr/Oct 16_ YreM to Mahrrrty -.519% Issued 04/16I14_Mahlrity Value = $248,000.00. sset Class: FI re
----
--------------- - ---------------------
BARCLAYS BANK CD WILMINGTON DE CD 5/6/14 24800.000 100.000 100.365 248,000.00
CaupOn Rale 1.100%; Matures 05115/2017; CUSIP 06740KGWI 100.000 248,000.00
Int. Semi Annualy May/Nov 13_ --d to Maturity. _ 682% Issued 05113114, Maturity Value-= $248,00000;_Asset Class. Ff & Prof
ALLY BK MIDVALE UT CD 3/17/15 248,000 000 100.000 100.436 248,000.00
Coupon Rate 1.050%; Matures 09/26/2017; CUSIP 02OD6LPR8 100.000 248,000.00
lnt._Semi_Annualy MarlSep 26,-Yield to Maturdy .696% Issued 03/26115,_Maturrty Value = $248,000.00; Asset Class: FI & Pref----
Value
bi -
Page 7 of 10
Unrealized Est Ann Income Current
ain/(Loss) Accrued Interest Yield %
----------------------------
2,728.00 1.09
248.905.20 905,20 LT 355.82
249,081.28
HOMEBANK CD LAKE MARY FL CD 3/10/15 249,000.000 100.090 100.431 - 249,000.00 -----------------
Coupon Rate 1.200%; Matures 93/29/2018; CUSIP 43738AFT8 100.000 249,D00.00 25D,073.19
Interest Paid MOnlhly May 01; Yield to Maturity- 951 % Issued 03130115,• Maturity Value = ,$249,000_00, Asset Class: Fig Pref _---- -
- ------------------
AMEX CENTUMON SALT LAKE CITY UT CD 6/9/15 248,000.000 100.000 100.474 248,000.00
Coupon Rate 1.550%, Matures 06/18/2018, CUSIP 02587DYTS 100.000 248,000.00
lot. Semi-AnnuallyJun/f ec 17, Yield to Maturity I.305%; Issued 06/17115,• Maturity Value = $248,000.00; Asset Class: FI & Prot
CAPITAL ONE NA MCLEAN VA CD 9/16/15 248,000,000 100.000 101.408 248,000.00
Coupon Rate 1.650%; Matures 09/24/2018; CUSIP 14042RAA9 100.000 248,000.00
lot Semi -Annually MarlSep 23;-Yield to Maturity L011 X. Issued 09123115_ Maturity Value = $248 000.00, Asset Class: FI & Pref
2,604.00 1.04
1,08I.28 LT 679.30
2,988.00 1.19
1,073.19 LT 240.70
---- ----------------
3,844.00 1,54
249,175.52 1,175.52 LT 136.53
---------------0---------
1.62
251,491.84 3,491.84 ST 1.100.83
Percentage
of Holdings Face Value
Orig Total Cost
Adi Total Cost
Market Value
Unrealized
Gain (Loss)
Est Ann Income
Accrued Interest
Current
Yield %
CERTIFICATES OF DEPOSIT
3,227,000.000
$3,227,00D.00
$30,895.00
0.95%
$3,227,000.00
$3,239,545.09
$9,053.25 LT
$7,313.62
$3,491.14 ST
TOTAL CERTIFICATES OF DEPOSIT
100.00%
$3,246.858.71
(includes accrued interest)
Percentage
of Holdings
Unrealized
Est Ann Income
Current
Total Cost
Market Value
Gain ss
Accrued Interest
Yeld %
TOTAL MARKET VALUE
$3.227,000.00
$3,239,545,09
$9.053.25 LT
$30,895.0D
0.95%
$3,491.84 ST
$7,313.62
TOTAL VALUE (includes accrued interest) 1D0.00%
$3.246,85811
Unrealized Gainl(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' are not included.
CLIENT STATEMENT
Account Detail
For the Period June 1-30, 2016
ALLOCATION OF ASSETS i^includes aeerued interest)
Morgan Stanley
Active Assets Account CITY OF EASTVALE
CIO JAMES R RILEY
Page 8 of 10
Fred Income & Annuities & Structured
Cash Equities Preferred Securities Altemahves insurance Investments Other
Certificates of Deposit ^ — — $3.246,858.11 -- - -
TOTALALLOCATION OF ASSETS ^ - - $3,246.858.71 - - - -
ACTIVITY
CASH FLOW ACTIVITY BY DATE
Activity Settlement
Date
6/1
Date Activity Type
Interest Income
Description
HOMEBANK CD 1200 18MH29
Comments
CUSIP: 43738AFTS
Quantity Price Credits/(Debits)
6/2
Withdrawal
BRANCH CHECK
PAID TO CITY OF EASTVALE
$253.78
6/13
Interest Income
SALLIE MAE BK CD 1050 16DE12
CUSIP: 79545ORV9
(253.78)
6/14
Withdrawal
BRANCH CHECK
PAID TO CITY OF EASTVALE
1,305.57
6/15
Interest Income
FLUSHING BK NY CD 0750 16JN30
CUSIP: 34387AA85
(1,305.57)
6/16
Withdrawal
BRANCH CHECK
PAID TO CITY OF EASTVALE
158.61
6/17
Interest Income
AMEX CENTURION 1550 18JN18
CUSIP: 02587DYT9
(158.61)
6120
Withdrawal
BRANCH CHECK
PAID TO CITY OF EASTVALE
1,927.27
6/30
Interest Income
FLUSHING BK NY CD 0750 16JN30
CUSIP: 34387AA85
(1,927.27)
6/30
6/30 Redemption
FLUSHING BK NY CD 0750 16JN30
REDEMPTION OF MATURED BOND
76.75
249,000.000 100.0000 249,000.00
CUSIP: 34387AA85
6/30
Withdrawal
BRANCH CHECK
PAID TO CITY OF EASTVALE
(249 076,75)
NET CREDITS/(DEBITS)
S0 00
MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY
Activity
Date
Activity Type
Descri tion
6/1
Automatic Investment
BANK DEPOSIT PROGRAM
Credits/(Debits)
6/2
Automatic Redemption
BANK DEPOSIT PROGRAM
$253.78
6/13
Automatic investment
BANK DEPOSIT PROGRAM
.78
(253253. 78 )
6/14
Automatic Redemption
BANK DEPOSIT PROGRAM
1 57
6/15
Automatic Investment
BANK DEPOSIT PROGRAM
.57
(1,3050557 )
6/16
Automatic Redemption
BANK DEPOSIT PROGRAM
158.61
6/17
Automatic Investment
BANK DEPOSIT PROGRAM
(158 61}
6/20
Automatic Redemption
BANK DEPOSIT PROGRAM
1,927.2761
{1,927.27}
NET ACTIVITY FOR PERIOD
$0.00
i
CLIENT STATEMENT I For the Period June 1-30, 2016
Account Detail
REALIZED GAIN/(LOSS) DETAIL
LONG-TERM GAINALOSS)
Dale Date
Morgan Stanley
Active Assets Account CITY OF EASTVALE
C/O JAMES R RILEY
Sales OrigfAdj Realized
Page 9 of 10
Long -Term This Period $249,000.00 5249,000.00 $0.00
Long -Term Year to Date $1,493,000.00 $1,493,000.00 $0.00
Net Realized GaiN(Loss) This Period $249,000.00 $249,000.00 $0.00
Net Realized Gain/(Loss) Year to Date $1.493.000.00 $1,493,000.00 SO.00
Treasury regulations require that we report on Form 1099-B a) adjusted cost basis on the safe of covered securities acquired on or after ]till] (or the applicable date for the type of security), b) the gain or loss as
either long-term or short -tern, and c) basis adjustments on covered securities due to wash sales, certain corporate actions and transfers by gift or inheritance. This section may not reflect all the basis adjustments
required when filing your tax return. Refer to the Expanded Disclosures.
MESSAGES
Important Changes to the Bank Deposit Program
t' As previously communicated, Morgan Stanley Smith Barney LLC (Morgan Stanley) will be making important changes to the Bank Deposit Program (BDP). Effective August 10, 2016 (instead of July 8, 2016 as
in communicated earlier), deposits made into BOP will be subject to a maximum deposit limit of $2,000,000 (Deposit Maximum). Any amount over $2,000,000 will be swept to the Morgan Stanley Institutional
e Liquidity Fund Government Securities Portfolio (Sweep Fund), which seeks to provide preservation of capital, daily liquidity and maximum current income. A copy of the prospectus of the Sweep Fund can be found on
the Morgan Stanley public website at: www.morganstanley.com/funds/MGPXX. These changes will apply to any account in your Morgan Stanley relationship that is eligible for BDP. As a reminder, the Deposit
o Maximum and the Sweep Fund are subject to change with prior notice to you from Morgan Stanley.
o As a reminder, through the BDP program, available cash balances held in account(s) at Morgan Stanley are automatically deposited or "swept" into an interest -hearing FDIC -insured deposit account (Deposit
U) Accounts) at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, each a national bank, Member FDIC, and an affiliate of Morgan Stanley.
If you have any questions, please contact your Financial Advisor or Private Wealth Advisor.
An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is
c possible to lose money by investing in a money market fund.
An investor should consider the investment objectives, risks, and charges and expenses of a money market fund(s) carefully before investing. A prospectus which contains this and other important information about the
money market fund(s) may be obtained from your Financial Advisor, Private Wealth Advisor or from Morgan Stanley Investment Management at
www.morganstanley.com/wealth-investmentstrategies/ratemonitor.html. Please read the prospectus carefully before investing or sending money.
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to assist in offering certain banking related products and services.
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PFM MANAGED INVESTMENT PORTFOLIO
Managed Account Summary Statement
CITY OF EASTVALE - INVESTMENT PORTFOLIO
Opening Market Value
Maturities/Calls
Principal Dispositions
Principal Acquisitions
Unsettled Trades
Change in Current Value
Closing Market Value
Interest/Dividends/Coupons Received
Less Purchased Interest Related to Interest/Coupons
Plus Net Realized Gains/Losses
Total Cash Basis Earninas
Ending Amortized Value of Securities
Ending Accrued Interest
Plus Proceeds from Sales
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Coupons/Dividends Received
Less Cost of New Purchases
Less Beginning Amortized Value of Securities
Less Beginning Accrued Interest
Total Accrual Basis Earnings
$31,998,817.92
(51,145,000.00)
0.00
49,285,105.29
0.00
100,286.64
$30,239,209.85
61,005.56
(103,515.96)
1,288.54
($41,221.86)
30,135,135.43
65,083.09
0.00
51,145,000.00
61,005.56
(49,388,621.25)
(31,998,888.96)
0.00
$18,713.87
For the Month Ending June 30, 2016
Maturities/Calls
51,145,000.00
Sale Proceeds
0.00
Coupon/Interest/Dividend Income
61,005.56
Principal Payments
0.00
Security Purchases
(49,388,621.25)
Net Cash Contribution
(57.61)
Reconciling Transactions
0.00
Closing Cash Balance $1,818,660.03
Page 1
PFM Asset Management LLC
Portfolio Summary and Statistics
CITY OF EASTVALE - INVESTMENT PORTFOLIO
Description
Par Value
Market Value
Percent
U.S. Treasury Bond / Note
4,530,000.00
4,647,816.28
15.37
Federal Agency Discount Note
6,030,000.00
6,028,418.69
19.94
Federal Agency Bond / Note
15,400,000.00
15,537,703.00
51.38
Corporate Note
3,865,000.00
4,025,271.88
13.31
Managed Account Sub -Total
29,825,000.00
30,239,209.85
100.00%
Accrued Interest
65,083.09
Total Portfolio
29,825,000.00
30,304,292.94
Unsettled Trades
26.77%
0.00 0.00
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years
US TSY Bond / Ni
15.1
Fed Agy
19.94%
For the Month Ending June 30, 2016
Corporate Note
13.31%
Fed Agy Bond /
Note
51.38%
Yield to Maturity at Cost 0.92%
Yield to Maturity at Market 0.81%
Duration to Worst 2.22
Weighted Average Days to Maturity 839
Zi Page 2 PF
quPFM Asset Management LLC
� PFM'
Managed Account Issuer Summary
CITY OF EASTVALE - INVESTMENT PORTFOLIO
Market Value
Issuer
of Holdings
Percent
AMERICAN EXPRESS CO
814,192.00
2.69
BANK OF NEW YORK CO INC
803,712.20
2.66
FANNIE MAE
4,268,330.00
14.12
FEDERAL HOME LOAN BANKS
13,573,534.19
44.88
FREDDIE MAC
3,724,257.50
12.32
HSBC HOLDINGS PLC
801,371.13
2.65
3P MORGAN CHASE & CO
798,121.65
2.64
UNITED STATES TREASURY
4,647,816.28
15.37
WELLS FARGO & COMPANY
807,874.90
2.67
Total
=PFNI
WF PFM Asset Management LLC
$ 30, 239, 209.85 100.000/0
AA+
66.75%
For the Month Ending June 30, 2016
.98%
.33%
-1+
9.94%
Page 3
Managed Account Detail of Securities Held For the Month Ending 3une 30, 2016
CITY OF EASTVALE - INVESTMENT PORTFOLIO
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market
Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value
U.S. Treasury Bond / Note
US TREASURY NOTES 912828H52 1,475,000.00 AA+ Aaa 06/14/16 06/15/16 1,490,614.26 0.95 7,699.18 1,490,429.52 1,496,548.28
DTD 02/02/2015 1.250% 01/31/2020
US TREASURY NOTES 912828XM7 1,455,000.00 AA+ Aaa 06/14/16 06/15/16 1,489,044.73 1.04 9,873.21 1,488,691.53 1,496,205.60
DTD 07/31/2015 1.625% 07/31/2020
US TREASURY N/B 912828N48 1,600,000.00 AA+ Aaa 06/03/16 06/06/16 1,638,187.50 1.21 76.09 1,637,633.49 1,655,062.40
DTD 12/31/2015 1.750% 12/31/2020
Security Type Sub -Total 4,530,000.00 4,617,846.49 1.07 17,648.48 4,616,754.54 4,647,816.28
Federal Agency Discount Note
FHLB DISC NOTE 313384A58 6,030,000.00 A-1+ P-1 06/29/16 06/29/16 6,028,690.16 0.23 0.00 6,028,767.23 6,028,418.69
-- 0.000% 08/02/2016
Security Type Sub -Total 6,030,000.00 6,028,690.16 0.23 0.00 6,028,767.23 6,028,418.69
Federal Agency Bond / Note
FHLMC NOTES 3137EADX4 3,000,000.00 AA+ Aaa 06/03/16 06/06/16 3,009,720.00 0.79 1,333.33 3,009,280.80 3,015,945.00
DTD 12/11/2015 1.000% 12/15/2017
FHLB NOTES 313OA7CX1 1,500,000.00 AA+ Aaa 06/03/16 06/06/16 1,501,260.00 0.83 3,718.75 1,501,211.99 1,505,275.50
DTD 02/18/2016 0.875% 03/19/2018
FEDERAL HOME LOAN BANKS AGCY 313OA8BD4 3,000,000.00 AA+ Aaa 06/03/16 06/06/16 2,999,640.00 0.88 145.83 2,999,649.30 3,012,009.00
DTD 05/27/2016 0.875% 06/29/2018
FANNIE MAE GLOBAL NOTES 3135GOYM9 2,000,000.00 AA+ Aaa 06/29/16 06/29/16 2,050,440.00 0.73 10.729.17 2,050,314.84 2,051,104.00
DTD 08/23/2013 1.875% 09/18/2018
FNMA BENCHMARK NOTE 3135GOE58 1,500,000.00 AA+ Aaa 06/03/16 06/06/16 1,508,220.00 0.89 3,375.00 1,507,981.80 1,513,782.00
DTD 09/01/2015 1.125% 10/19/2018
FNMA BENCHMARK NOTE 3135GOJ53 700,000.00 AA+ Aaa 06/03/16 06/06/16 700,595.00 0.97 2,430.56 700,580.60 703,444.00
DTD 02/23/2016 1.000% 02/26/2019
FHLB GLOBAL NOTE 313OA8DB6 3,000,000.00 AA+ Aaa 06/03/16 06/06/16 3,009,240.00 1.02 937.50 3,009,028.92 3,027,831.00
DTD 06/03/2016 1.125% 06/21/2019
I}t. Page 4
PFM Asset Management LLC
Managed Account Detail of Securities Held For the Month Ending June 30, 2016
Security Type/Description
S&P
Moody's
Trade
Settle
Original
YTM
Accrued
Amortized
Market
Dated Date/Coupon/Maturity
Federal Agency Bond / Note
CUSIP
Par
Rating
Rating
Date
Date
Cost
at Cost
Interest
Cost
Value
FREDDIE MAC GLOBAL NOTES
3137EADM8
700,000.00
AA+
Aaa
06/03/16
06/06/16
703,976.00
1.08
2,163.19
703,894.74
708,312.50
DTD 10/02/2012 1.250% 10/02/2019
Security Type Sub -Total
Corporate
15,400,000.00
15,483,091.00
0.88
24,833.33
15,481,942.99
15,537,703.00
3P MORGAN SECURITIES
46625HHL7
710,000.00
A-
A3
06/03/16
06/08/16
798,366.60
1.84
8,449.00
796,450.29
798,121.65
DTD 04/23/2009 6.300% 04/23/2019
HSBC USA INC CORPORATE NOTES
40428HPN6
795,000.00
A
A2
06/03/16
06/08/16
805,199.85
1.99
2,517.50
805,016.21
801,371.13
DTD 11/13/2014 2.375% 11/13/2019
BNY MELLON CORP NOTE (CALLABLE)
06406HDD8
775,000.00
A
Al
06/03/16
06/08/16
799,226.50
1.82
7,500.28
798,866.38
803,712.20
DTD 08/17/2015 2.600% 08/17/2020
WELLS FARGO & COMPANY NOTES
94974BGR5
785,000.00
A
A2
06/03/16
06/08/16
803,007.90
2.01
1,334.50
802,762.23
807,874.90
DTD 12/07/2015 2.550% 12/07/2020
AMERICAN EXPRESS CREDIT CORP NOTES
0258MOEB1
800,000.00
A-
A2
06/03/16
06/08/16
804,632.00
2.13
2,800.00
804,575.56
814,192.00
DTD 05/05/2016 2.250% 05/05/2021
Security Type Sub -Total
3,865,000.00
4,010,432.85
1.96
22,601.28
4,007,670.67
4,025,271.88
Managed Account Sub -Total
29,825,000.00
30,140,060.50
0.92
65,083.09
30,135,135.43
30,239,209.85
Securities Sub -Total
$29,825,000.00
$30,140,060.50
0.92%
$65,083.09
$30,135,135.43
$30,239,209.85
Accrued Interest
$65,083.09
Total Investments
$30,304,292.94
}t. Page 5
WF PFM Asset Management LLC
a:
Managed Account Fair Market Value & Analytics For the Month Ending June 30, 2016
CITY OF EASTVALE - INVESTMENT PORTFOLIO
Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective Duration YTM
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost Duration to Worst at Mkt
US TREASURY NOTES 912828H52 1,475,000.00 MORGANST 101.46 1,496,548.28 5,934.02 6,118.76 3.49 3.49 0.84
DTD 02/02/2015 1.250% 01/31/2020
US TREASURY NOTES 912828XM7 1,455,000.00 HSBC 102.83 1,496,205.60 7,160.87 7,514.07 3.93 3.93 0.92
DTD 07/31/2015 1.625% 07/31/2020
US TREASURY N/B 912828N48 1,600,000.00 HSBC 103.44 1,655,062.40 16,874.90 17,428.91 4.33 4.33 0.97
DTD 12/31/2015 1.750% 12/31/2020
Security Type Sub -Total 4,530,000.00 4,647,816.28 29,969.79 31,061.74 3.93 3.93 0.91
FHLB DISC NOTE 313384A58 6,030,000.00 UBS AG 99.97 6,028,418.69 (271.47) (348.54) 0.09 0.09 0.29
-- 0.000% 08/02/2016
Security Type Sub -Total 6,030,000.00 6,028,418.69 (271.47) (348.54) 0.09 0.09 0.29
FHLMC NOTES
3137EADX4
3.000.000.00 RBS_SEC
100.53
3,015,945.00
6.225.00
6,664.20
1.45
1.45
0.63
DTD 12/11/2015 1.000% 12/15/2017
FHLB NOTES
3130A7CX1
1.500.000.00 MORGANST
100.35
1,505,275.50
4.015.50
4,063.51
1.70
1.70
0.67
DTD 02/18/2016 0.875% 03/19/2018
FEDERAL HOME LOAN BANKS AGCY
313OA8BD4
3.000.000.00 MORGANST
100.40
3,012,009.00
12,369.00
12,359.70
1.98
1.98
0.67
DTD 05/27/2016 0.875% 06/29/2018
FANNIE MAE GLOBAL NOTES
3135GOYM9
2.000.000.00 GOLDMAN
102.56
2,051,104.00
664.00
789.16
2.16
2.16
0.71
DTD 08/23/2013 1.875% 09/18/2018
FNMA BENCHMARK NOTE
3135GOE58
1.500.000.00 KEYBAN
100.92
1,513,782.00
5.562.00
5,800.20
2.27
2.27
0.72
DTD 09/01/2015 1.125% 10/19/2018
FNMA BENCHMARK NOTE
3135GO153
700.000.00 MORGANST
100.49
703,444.00
2.849.00
2,863.40
2.61
2.61
0.81
DTD 02/23/2016 1.000% 02/26/2019
FHLB GLOBAL NOTE
313OA8DB6
3.000.000.00 KEYBAN
100.93
3,027,831.00
18.591.00
18,802.08
2.92
2.92
0.81
DTD 06/03/2016 1.125% 06/21/2019
FREDDIE MAC GLOBAL NOTES
3137EADM8
700.000.00 WELLSFAR
101.19
708,312.50
4.336.50
4,417.76
3.18
3.18
0.88
DTD 10/02/2012 1.250% 10/02/2019
Security Type Sub -Total 15,400,000.00 15,537,703.00 54,612.00 55,760.01 2.17 2.17 0.72
Page 6
PFM Asset Management LLC
Managed Account Fair Market Value & Analytics For the Month Ending June 30, 2016
CITY OF EASTVALE - INVESTMENT PORTFOLIO
Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective Duration YTM
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost Duration to Worst at Mkt
]P MORGAN SECURITIES
46625HHL7
710,000.00 BARCLAYS
112.41
798,121.65
(244.95)
1,671.36
2.59
2.59
1.76
DTD 04/23/2009 6.300% 04/23/2019
HSBC USA INC CORPORATE NOTES
40428HPN6
795,000.00 WELLSFAR
100.80
801,371.13
(3,828.72)
(3,645.08)
3.22
3.22
2.13
DTD 11/13/2014 2.375% 11/13/2019
BNY MELLON CORP NOTE (CALLABLE)
06406HDD8
775,000.00 BARCLAYS
07/17/20 103.70
803,712.20
4,485.70
4,845.82
3.82
3.81
1.67
DTD 08/17/2015 2.600% 08/17/2020
WELLS FARGO & COMPANY NOTES
94974BGR5
785,000.00 WELLSFAR
102.91
807,874.90
4,867.00
5,112.67
4.18
4.18
1.86
DTD 12/07/2015 2.550% 12/07/2020
AMERICAN EXPRESS CREDIT CORP NOTES
0258MOEB1
800,000.00 CSFB
101.77
814,192.00
9,560.00
9,616.44
4.56
4.56
1.87
DTD 05/05/2016 2.250% 05/05/2021
Security Type Sub -Total
3,865,000.00
4,025,271.88
14,839.03
17,601.21
3.68
3.68
1.86
Managed Account Sub -Total 29,825,000.00 30,239,209.85 99,149.35 104,074.42 2.23 2.22 0.81
Securities Sub -Total
$29,825,000.00 $30,239,209.85 $99,149.35 $104,074.42 2.23 2.22 0.81%
Accrued Interest $65,083.09
Total Investments $30,304,292.94
�PFNI WF Page 7
PFM Asset Management LLC
Managed Account Security Transactions & Interest
CITY OF EASTVALE - INVESTMENT PORTFOLIO
Transaction Type Principal Accrued
Trade Settle Securitv Description CUSIP Par Proceeds Interest
06/03/16 06/06/16
FNMA BENCHMARK NOTE
DTD 02/23/2016 1.000% 02/26/2019
06/03/16 06/06/16
FNMA BENCHMARK NOTE
DTD 09/01/2015 1.125% 10/19/2018
06/03/16 06/06/16
FEDERAL HOME LOAN BANKS AGCY
DTD 05/27/2016 0.875% 06/29/2018
06/03/16 06/06/16
FHLB GLOBAL NOTE
DTD 06/03/2016 1.125% 06/21/2019
06/03/16 06/06/16
FREDDIE MAC GLOBAL NOTES
DTD 10/02/2012 1.250% 10/02/2019
06/03/16 06/06/16
FHLB NOTES
DTD 02/18/2016 0.875% 03/19/2018
06/03/16 06/06/16
US TREASURY N/B
DTD 12/31/2015 1.750% 12/31/2020
06/03/16 06/06/16
FHLMC NOTES
DTD 12/11/2015 1.000% 12/15/2017
06/03/16 06/08/16
WELLS FARGO & COMPANY NOTES
DTD 12/07/2015 2.550% 12/07/2020
06/03/16 06/08/16
HSBC USA INC CORPORATE NOTES
DTD 11/13/2014 2.375% 11/13/2019
06/03/16 06/08/16
AMERICAN EXPRESS CREDIT CORP
NOTES
DTD 05/05/2016 2.250% 05/05/2021
06/03/16 06/08/16
BNY MELLON CORP NOTE (CALLABLE)
DTD 08/17/2015 2.600% 08/17/2020
06/03/16 06/08/16
JP MORGAN SECURITIES
DTD 04/23/2009 6.300% 04/23/2019
06/06/16 06/06/16
US TREASURY NOTES
DTD 06/17/2013 0.500% 06/15/2016
06/14/16 06/15/16
US TREASURY NOTES
DTD 07/31/2015 1.625% 07/31/2020
06/14/16 06/15/16
US TREASURY NOTES
DTD 02/02/2015 1.250% 01/31/2020
For the Month Ending June 30, 2016
Realized GIL Realized GIL Sale
Total Cost Amort Cost Method
3135GOJ53
700,000.00
(700,595.00)
(1,944.44)
(702,539.44)
3135GOE58
1,500,000.00
(1,508,220.00)
(2,203.13)
(1,510,423.13)
313OA8BD4
3,000,000.00
(2,999,640.00)
(656.25)
(3,000,296.25)
313OA8DB6
3,000,000.00
(3,009,240.00)
(281.25)
(3,009,521.25)
3137EADM8
700,000.00
(703,976.00)
(1,555.56)
(705,531.56)
3130A7CX1
1,500,000.00
(1,501,260.00)
(2,807.29)
(1,504,067.29)
912828N48
1,600,000.00
(1,638,187.50)
(12,153.85)
(1,650,341.35)
3137EADX4
3,000,000.00
(3,009,720.00)
(14,583.33)
(3,024,303.33)
94974BGR5
785,000.00
(803,007.90)
(55.60)
(803,063.50)
40428HPN6
795,000.00
(805,199.85)
(1,311.20)
(806,511.05)
0258MOEB1
800,000.00
(804,632.00)
(1,650.00)
(806,282.00)
06406HDD8
775,000.00
(799,226.50)
(6,212.92)
(805,439.42)
46625HHL7
710,000.00
(798,366.60)
(5,591.25)
(803,957.85)
912828VG2
11,050,000.00
(11,050,863.28)
(26,266.39)
(11,077,129.67)
912828XM7
1,455,000.00
(1,489,044.73)
(8,833.93)
(1,497,878.66)
912828H52
1,475,000.00
(1,490,614.26)
(6,888.74)
(1,497,503.00)
Page 8
PFM Asset Management LLC
Managed Account Security Transactions & Interest For the Month Ending June 30, 2016
CITY OF EASTVALE - INVESTMENT PORTFOLIO
Transaction Type Principal Accrued Realized GIL Realized GIL Sale
Trade Settle Security Description CUSIP Par Proceeds Interest Total Cost Amort Cost Method
06/15/16 06/15/16 FEDERAL HOME LOAN BANKS DISC 313384YTO 8,095,000.00 (8,094,181.51) 0.00 (8,094,181.51)
NOTE
-- 0.000% 06/29/2016
06/29/16 06/29/16 FANNIE MAE GLOBAL NOTES 3135GOYM9 2,000,000.00 (2,050,440.00) (10,520.83) (2,060,960.83)
DTD 08/23/2013 1.875% 09/18/2018
06/29/16 06/29/16 FHLB DISC NOTE 313384A58 6,030,000.00 (6,028,690.16) 0.00 (6,028,690.16)
-- 0.000% 08/02/2016
Transaction Type Sub -Total 48,970,000.00 (49,285,105.29) (103,515.96) (49,388,621.25)
06/01/16 06/01/16 MONEY MARKET FUND MONEY0002 0.00 0.00 26.40 26.40
06/15/16 06/15/16 FHLMC NOTES 3137EADX4 3,000,000.00 0.00 15,333.33 15,333.33
DTD 12/11/2015 1.000% 12/15/2017
06/15/16 06/15/16 US TREASURY NOTES 912828VG2 11,050,000.00 0.00 27,625.00 27,625.00
DTD 06/17/2013 0.500% 06/15/2016
06/21/16 06/21/16 FHLB GLOBAL NOTE 313OA8DB6 3,000,000.00 0.00 1,687.50 1,687.50
DTD 06/03/2016 1.125% 06/21/2019
06/29/16 06/29/16 FEDERAL HOME LOAN BANKS AGCY 313OA8BD4 3,000,000.00 0.00 2,333.33 2,333.33
DTD 05/27/2016 0.875% 06/29/2018
06/30/16 06/30/16 US TREASURY N/B 912828N48 1,600,000.00 0.00 14,000.00 14,000.00
DTD 12/31/2015 1.750% 12/31/2020
Transaction Type Sub -Total 21,650,000.00 0.00 61,005.56 61,005.56
06/06/16 06/06/16 FEDERAL HOME LOAN BANKS DISC 313384XU8 32,000,000.00 32,000,000.00 0.00 32,000,000.00 1,333.33 0.00
NOTE
DTD 06/06/2015 0.000% 06/06/2016
06/15/16 06/15/16 US TREASURY NOTES 912828VG2 11,050,000.00 11,050,000.00 0.00 11,050,000.00 (863.28) 0.00
DTD 06/17/2013 0.500% 06/15/2016
06/29/16 06/29/16 FEDERAL HOME LOAN BANKS DISC 313384YTO 8,095,000.00 8,095,000.00 0.00 8,095,000.00 818.49 0.00
NOTE
-- 0.000% 06/29/2016
Page 9
PFM Asset Management LLC
� PFM'
Managed Account Security Transactions & Interest
CITY OF EASTVALE - INVESTMENT PORTFOLIO
Transaction Type Principal Accrued
Trade Settle Security Description CUSIP Par Proceeds Interest
Transaction Type Sub -Total 51,145,000.00 51,145,000.00 0.00
For the Month Ending June 30, 2016
Realized G/L Realized G/L Sale
Total Cost Amort Cost Method
51,145,000.00 1,288.54 0.00
Managed Account Sub -Total 1,859,894.71 (42,510.40) 1,817,384.31 1,288.54 0.00
Total Security Transactions
$1,859,894.71 ($42,510.40) $1,817,384.31 $1,288.54 $0.00
=PFNI Page 10
WF PFM Asset Management LLC