06. DECEMBER 31, 2016CITY OF EASTVALE
CITY COUNCIL STAFF REPORT
Return to Agenda
ITEM 7.8
DATE: FEBRUARY 22, 2017
TO: HONORABLE MAYOR AND COUNCIL MEMBERS
FROM: JAMES R. RILEY, INTERIM FINANCE DIRECTOR
SUBJECT: TREASURER’S REPORT – QUARTER ENDED DECEMBER 31,
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:
I. 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 December 31, 2016 is $57,618,514 (book value). Net
investment income received through December 31, 2016 is $160,032, which is 178.408% of the
2016-17 budgeted amount for interest of $89,700.
CITY OF EASTVALE
CITY COUNCIL STAFF REPORT
Return to Agenda
ITEM 7.8
FISCAL IMPACT
Not Applicable.
STRATEGIC PLAN IMPACT
Goal 1: Establish a solid fiscal foundation for the City
ATTACHMENT(S)
1. Schedule of Investments – December 31, 2016
2. Dash Board Report Card – December 31, 2016
3. PFM Managed Investment Portfolio – December 31, 2016
Prepared by: James R. Riley, Interim Finance Director
Reviewed by: Michele Nissen, City Manager
Reviewed by: John Cavanaugh, City Attorney
Book Value (Fair Value)
Par Price @ Market
Institution Value Cost Value Yield
ACTIVE DEPOSITS
Money Market Accounts:
Citizens Business Bank - Money Market 1,177,644.23$ 1,177,644.23$ 1,177,644.23$ 0.350%
First American Govt Oblig Fund CI Y 37,103.00 37,103.00 37,103.00 0.090%
Total Money Market 1,214,747.23$ 1,214,747.23$ 1,214,747.23$ 0.342%
Pooled Investment Accounts:
Local Agency Investment Fund 12,858,825.77$ 12,858,825.77$ 12,851,416.81$ 0.719%
Total Pooled Investment 12,858,825.77$ 12,858,825.77$ 12,851,416.81$ 0.719%
PFM Managed Investment Portfolio:
U.S. Treasury Bond/ Note 10,780,000.00$ 10,962,295.12$ 10,829,837.98$ 1.330%
Asset-Back Security/ Collateralized 145,000.00$ 144,980.48$ 143,831.65$ 1.300%
Certificate of Deposit-FDIC Insured 2,233,000.00$ 2,233,000.00$ 2,236,899.91$ 1.160%
Certificate of Deposit 560,000.00$ 559,563.20$ 564,519.20$ 1.780%
Federal Agency Bond/ Note 16,175,000.00$ 16,186,583.20$ 16,053,743.41$ 1.010%
Corporate Note 4,530,000.00$ 4,674,976.40$ 4,589,912.36$ 1.900%
Total PFM Managed Investments 34,423,000.00$ 34,761,398.40$ 34,418,744.51$ 1.080%
ACTIVE DEPOSITS TOTAL 48,496,573.00$ 48,834,971.40$ 48,484,908.55$ 1.090%
INACTIVE DEPOSITS
Checking Account:
Citizens Business Bank - Checking 8,783,542.13$ 8,783,542.13$ 0.000%
Total 8,783,542.13$ 8,783,542.13$ 0.000%
INACTIVE DEPOSITS TOTAL 8,783,542.13$ 8,783,542.13$
GRAND TOTAL CASH 57,618,513.53$ 57,268,450.68$
James R. Riley
Interim Finance Director
2/1/2017
City of Eastvale
Schedule of Investments
As of December 31, 2016
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.
Attachment 1
I. PORTFOLIO DIVERSIFICATION
DIVERSIFICATION BY INSTRUMENT
Money Market 2.49%
LAIF 26.33%
Certificates of Deposit-FDIC Insured 4.57%
Certificates of Deposit 1.15%
U.S. Treasury Bond/ Note 22.45%
Asset-Backed Security/ Collateralized 0.30%
Federal Agency Bond/ Note 33.15%
Corporate Note 9.57%
100.00%
DIVERSIFICATION BY MATURITY
Less Than 90 Days 30.34%
Six Months (26 Weeks)1.02%
One Year (52 Weeks)0.51%
Two Years (104 Weeks)20.29%
Three Years (156 Weeks)22.30%
Four Years (208 Weeks)13.33%
Five Years +12.22%
100.00%
II. PORTFOLIO PERFORMANCE MEASURES
Yield at Cost -December 31, 2016 1.090%
Annual Investment Income Budget 89,700.00$
Investment Income Received:
Money Market 2,104.88$
LAIF 41,409.06
Certificate of Deposits 28,754.95
U.S. Treasury Bond/ Note (4,441.60)
Federal Agency Discount Note 2,077.51
Federal Agency Bond/ Note 46,664.16
Asset-Backed Security/ Collateralized 311.76
Corporate Note 61,066.52
Total Investment Income Received-YTD 12/31/2016 177,947.24
Less Investment Fees Paid:
Trust Fees-U.S. Bank (1,993.62)
Mgmt Fee-PFM (15,921.99)
Total Investment Fees Paid-YTD 12/31/2016 (17,915.61)
Net Investment Income Received-YTD 12/31/2016 160,031.63$
Over/(Under) Annual Budget 70,331.63$
% of Annual Budget 178.408%
Net Yield at Cost - December 31, 2016 1.017%
City of Eastvale
Dash Board Report Card
As of December 31, 2016
Attachment 2
CITY OF EASTVALE
ACCOUNT STATEMENT
For the Month Ending
December 31, 2016
Customer Service
PO Box 11813
Harrisburg, PA 17108-1813
Contents
Cover/Disclosures
Summary Statement
Individual Accounts
CITY OF EASTVALE
JAMES RILEY
12363 LIMONITE AVENUE, SUITE 910
EASTVALE, CA 91752
Client Management Team
Accounts included in Statement
20240100 CITY OF EASTVALE - INVESTMENT PORTFOLIO
www.pfm.comOnline Access 1-717-232-2723Customer Service
Monique Spyke
Director
50 California Street, Suite 2300
San Francisco, CA 94111
415-982-5544
spykem@pfm.com
Sarah Meacham
Director
601 South Figueroa, Suite 4500
Los Angeles, CA 90017
213-489-4075
meachams@pfm.com
Joseph Creason
Portfolio Manager
One Keystone Plaza, Suite 300
Harrisburg, PA 17101
717-231-6217
creasonj@pfm.com
Rachael Camacci
Client Consultant
One Keyston Plaza, Suite 300
N. Front & Market Streets
866-839-8376
camaccir@pfm.com
Attachment 3
For the Month Ending December 31, 2016
Account Statement
Important Disclosures
Important Disclosures
Average maturity represents the average maturity of all securities and
investments of a portfolio, determined by multiplying the par or
principal value of each security or investment by its maturity (days or
years), summing the products, and dividing the sum by the total
principal value of the portfolio. The stated maturity date of mortgage
backed or callable securities are used in this statement. However the
actual maturity of these securities could vary depending on the level or
prepayments on the underlying mortgages or whether a callable
security has or is still able to be called.
Monthly distribution yield represents the net change in the value of one
share (normally $1.00 per share) resulting from all dividends declared
during the month by a fund expressed as a percentage of the value of
one share at the beginning of the month. This resulting net change is
then annualized by multiplying it by 365 and dividing it by the number of
calendar days in the month.
YTM at Cost The yield to maturity at cost is the expected rate of return,
based on the original cost, the annual interest receipts, maturity value
and the time period from purchase date to maturity, stated as a
percentage, on an annualized basis.
YTM at Market The yield to maturity at market is the rate of return,
based on the current market value, the annual interest receipts,
maturity value and the time period remaining until maturity, stated as a
percentage, on an annualized basis.
Managed Account A portfolio of investments managed discretely by
PFM according to the client’s specific investment policy and
requirements. The investments are directly owned by the client and
held by the client’s custodian.
Unsettled Trade A trade which has been executed however the final
consummation of the security transaction and payment has not yet
taken place.
Please review the detail pages of this statement carefully. If you think
your statement is wrong, missing account information, or if you need
more information about a transaction, please contact PFM within 60
days of receipt. If you have other concerns or questions regarding your
account you should contact a member of your client management team
or PFM Service Operations at the address below.
PFM Asset Management LLC
Attn: Service Operations
One Keystone Plaza, Suite 300
N. Front & Market Sts
Harrisburg, PA 17101
This statement is for general information purposes only and is not
intended to provide specific advice or recommendations. PFM Asset
Management LLC (“PFM”) is an investment advisor registered with the
Securities and Exchange Commission, and is required to maintain a
written disclosure statement of our background and business experience.
If you would like to receive a copy of our current disclosure statement,
please contact Service Operations at the address below.
Proxy Voting PFM does not normally receive proxies to vote on behalf of
its clients. However, it does on occasion receive consent requests. In the
event a consent request is received the portfolio manager contacts the
client and then proceeds according to their instructions. PFM’s Proxy
Voting Policy is available upon request by contacting Service Operations
at the address below.
Questions About an Account PFM’s monthly statement is intended to
detail our investment advisory activity as well as the activity of any
accounts held by clients in pools that are managed by PFM. The custodian
bank maintains the control of assets and executes (i.e., settles) all
investment transactions. The custodian statement is the official record of
security and cash holdings and transactions. PFM recognizes that clients
may use these reports to facilitate record keeping and that the custodian
bank statement and the PFM statement should be reconciled and
differences resolved. Many custodians use a settlement date basis which
may result in the need to reconcile due to a timing difference.
Account Control PFM does not have the authority to withdraw funds from
or deposit funds to the custodian. Our clients retain responsibility for their
internal accounting policies; implementing and enforcing internal controls
and generating ledger entries or otherwise recording transactions.
Market Value Generally, PFM’s market prices are derived from closing bid
prices as of the last business day of the month as supplied by Interactive
Data, Bloomberg or Telerate. Where prices are not available from
generally recognized sources the securities are priced using a yield-based
matrix system to arrive at an estimated market value. Prices that fall
between data points are interpolated. Non-negotiable FDIC-insured bank
certificates of deposit are priced at par. Although PFM believes the prices
to be reliable, the values of the securities do not always represent the
prices at which the securities could have been bought or sold. Explanation
of the valuation methods for money market and TERM funds is contained
in the appropriate fund information statement.
Amortized Cost The original cost of the principal of the security is
adjusted for the amount of the periodic reduction of any discount or
premium from the purchase date until the date of the report. Discount or
premium with respect to short term securities (those with less than one
year to maturity at time of issuance) is amortized on a straightline basis.
Such discount or premium with respect to longer term securities is
amortized using the constant yield basis.
Tax Reporting Cost data and realized gains / losses are provided for
informational purposes only. Please review for accuracy and consult your
tax advisor to determine the tax consequences of your security transactions.
PFM does not report such information to the IRS or other taxing authorities
and is not responsible for the accuracy of such information that may be
required to be reported to federal, state or other taxing authorities.
Financial Situation In order to better serve you, PFM should be promptly
notified of any material change in your investment objective or financial
situation.
Callable Securities Securities subject to redemption prior to maturity may
be redeemed in whole or in part before maturity, which could affect the yield
represented.
Portfolio The securities in this portfolio, including shares of mutual funds,
are not guaranteed or otherwise protected by PFM, the FDIC (except for
certain non-negotiable certificates of deposit) or any government agency.
Investment in securities involves risks, including the possible loss of the
amount invested.
Rating Information provided for ratings is based upon a good faith inquiry of
selected sources, but its accuracy and completeness cannot be guaranteed.
Shares of some money market and TERM funds are marketed through
representatives of PFM's wholly owned subsidiary, PFM Fund Distributors,
Inc. PFM Fund Distributors, Inc. is registered with the SEC as a
broker/dealer and is a member of the Financial Industry Regulatory
Authority (“FINRA”) and the Municipal Securities Rulemaking Board
(“MSRB”). You may reach the FINRA by calling the FINRA Regulator Public
Disclosure Hotline at 1-888-289-9999 or at the FINRA Regulation Internet
website address www.nasd.com. A brochure describing the FINRA
Regulation Public Disclosure Program is also available from the FINRA
upon request.
Key Terms and Definitions
Dividends on money market funds consist of interest earned, plus any
discount ratably amortized to the date of maturity, plus all realized gains and
losses on the sale of securities prior to maturity, less ratable amortization of
any premium and all accrued expenses to the fund. Dividends are accrued
daily and may be paid either monthly or quarterly. The monthly earnings on
this statement represent the estimated dividend accrued for the month for
any program that distributes earnings on a quarterly basis. There is no
guarantee that the estimated amount will be paid on the actual distribution
date.
Current Yield is the net change, exclusive of capital changes and income
other than investment income, in the value of a hypothetical fund account
with a balance of one share over the seven-day base period including the
statement date, expressed as a percentage of the value of one share
(normally $1.00 per share) at the beginning of the seven-day period. This
resulting net change in account value is then annualized by multiplying it by
365 and dividing the result by 7. The yields quoted should not be considered
a representation of the yield of the fund in the future, since the yield is not
fixed.
For the Month Ending December 31, 2016Managed Account Summary Statement
CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
$34,408,277.70
(248,000.00)
(4,189,541.50)
4,474,874.35
0.00
(26,866.04)
$34,418,744.51
73,436.51
(12,481.97)
(11,178.10)
$49,776.44
Total
34,717,871.56
108,100.98
4,206,034.54
248,000.00
56,943.47
(4,487,356.32)
(34,696,197.71)
(125,043.85)
Total Accrual Basis Earnings $28,352.67
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Transaction Summary - Managed Account
_________________
_________________
______________________________________________________________________________________________Reconciling Transactions
Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary - Managed Account
248,000.00
4,206,034.54
56,943.47
0.00
(4,487,356.32)
(328.97)
0.00
Cash Balance
$51,103.30 Closing Cash Balance
Account 20240100 Page 1
For the Month Ending December 31, 2016Portfolio Summary and Statistics
CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Account Summary
Percent Par Value Market ValueDescription
U.S. Treasury Bond / Note 10,780,000.00 10,829,837.98 31.46
Federal Agency Bond / Note 16,175,000.00 16,053,743.41 46.64
Corporate Note 4,530,000.00 4,589,912.36 13.34
Certificate of Deposit - FDIC Insured 2,233,000.00 2,236,899.91 6.50
Certificate of Deposit 560,000.00 564,519.20 1.64
Asset-Backed Security / Collateralized
Mortgage Obligation
145,000.00 143,831.65 0.42
Managed Account Sub-Total 34,423,000.00 34,418,744.51 100.00%
Accrued Interest 108,100.98
Total Portfolio 34,423,000.00 34,526,845.49
Unsettled Trades 0.00 0.00
Sector Allocation
0.42%
ABS / CMO
1.64%
Cert of Deposit
6.50%
Cert of Deposit -
FDIC
13.34%
Corporate Note
46.64%
Fed Agy Bond /
Note
31.46%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years
3.61%
0.72%
28.68%
31.33%
13.85%
21.81%
0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Duration to Worst
Weighted Average Days to Maturity
2.65
1005
1.25%
1.53%
Account 20240100 Page 2
For the Month Ending December 31, 2016Managed Account Issuer Summary
CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Credit Quality (S&P Ratings)
7.59%
A
1.64%
A+
5.27%
A-
1.19%
AA
78.10%
AA+
0.73%
AA-
0.42%
AAA
0.72%
BBB+
4.34%
NR
Issuer Summary
Percentof HoldingsIssuer
Market Value
248,524.02 0.72 ALLY BANK
1,038,672.54 3.02 AMERICAN EXPRESS CO
248,045.38 0.72 BANK OF BARODA
780,642.78 2.27 BANK OF NEW YORK CO INC
248,373.74 0.72 BARCLAYS PLC
133,360.56 0.39 BERKSHIRE HATHAWAY INC
564,519.20 1.64 CANADIAN IMPERIAL BANK OF COMMERCE
249,767.74 0.73 CAPTIAL ONE FINANCIAL CORP
3,875,202.13 11.26 FANNIE MAE
9,742,146.83 28.30 FEDERAL HOME LOAN BANKS
2,436,394.45 7.08 FREDDIE MAC
248,229.15 0.72 GOLDMAN SACHS GROUP INC
249,277.14 0.72 HOMEBANK
797,047.13 2.32 HSBC HOLDINGS PLC
143,831.65 0.42 HYUNDAI AUTO RECEIVABLES
775,843.27 2.25 JP MORGAN CHASE & CO
274,740.68 0.80 PFIZER INC
248,333.06 0.72 PRIVATEBANK & TRUST CO
248,144.34 0.72 SYNCHRONY BANK
251,913.48 0.73 TOYOTA MOTOR CORP
10,829,837.98 31.47 UNITED STATES TREASURY
785,897.26 2.28 WELLS FARGO & COMPANY
$34,418,744.51 Total 100.00%
Account 20240100 Page 3
For the Month Ending December 31, 2016Managed Account Detail of Securities Held
CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value
Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTradeSettle
Par
U.S. Treasury Bond / Note
US TREASURY NOTES
DTD 09/30/2011 1.375% 09/30/2018
2,022,556.25 2,033,106.45 7,078.79 2,035,228.71 10/18/1610/17/16AaaAA+ 2,015,000.00 912828RH5 0.85
US TREASURY NOTES
DTD 02/02/2015 1.250% 01/31/2020
436,768.64 443,969.04 2,301.63 444,657.81 06/15/1606/14/16AaaAA+ 440,000.00 912828H52 0.95
UNITED STATES TREASURY NOTES
DTD 03/02/2015 1.375% 02/29/2020
298,570.20 298,742.42 1,401.59 298,722.66 12/14/1612/13/16AaaAA+ 300,000.00 912828J50 1.51
US TREASURY NOTES
DTD 07/31/2015 1.625% 07/31/2020
1,454,033.88 1,484,636.43 9,894.40 1,489,044.73 06/15/1606/14/16AaaAA+ 1,455,000.00 912828XM7 1.04
US TREASURY NOTE
DTD 12/02/2013 2.000% 11/30/2020
1,010,352.00 1,034,646.54 1,758.24 1,037,695.31 08/25/1608/24/16AaaAA+ 1,000,000.00 912828A42 1.09
US TREASURY N/B
DTD 12/31/2015 1.750% 12/31/2020
1,599,500.80 1,633,549.33 77.35 1,638,187.50 06/06/1606/03/16AaaAA+ 1,600,000.00 912828N48 1.21
US TREASURY NOTES
DTD 01/31/2016 1.375% 01/31/2021
295,206.90 297,246.82 1,726.22 297,164.06 11/16/1611/15/16AaaAA+ 300,000.00 912828N89 1.61
US TREASURY NOTES
DTD 04/30/2014 2.250% 04/30/2021
1,500,870.03 1,502,846.55 5,684.05 1,503,290.04 12/06/1612/05/16AaaAA+ 1,475,000.00 912828WG1 1.79
US TREASURY N/B
DTD 07/31/2014 2.250% 07/31/2021
716,043.12 719,660.31 6,638.11 719,981.25 11/23/1611/22/16AaaAA+ 705,000.00 912828WY2 1.78
US TREASURY NOTES
DTD 09/02/2014 2.000% 08/31/2021
1,495,936.16 1,498,207.07 10,125.41 1,498,323.05 12/06/1612/05/16AaaAA+ 1,490,000.00 912828D72 1.88
46,685.79 10,829,837.98 10,946,610.96 1.33 10,962,295.12 10,780,000.00 Security Type Sub-Total
Federal Agency Bond / Note
FHLB NOTES
DTD 02/18/2016 0.875% 03/19/2018
309,499.97 310,178.23 768.54 310,260.40 06/06/1606/03/16AaaAA+ 310,000.00 3130A7CX1 0.83
FEDERAL HOME LOAN BANKS AGCY
DTD 05/27/2016 0.875% 06/29/2018
2,989,569.00 2,999,736.63 145.83 2,999,640.00 06/06/1606/03/16AaaAA+ 3,000,000.00 3130A8BD4 0.88
FHLMC REFERENCE NOTE
DTD 09/16/2016 0.875% 10/12/2018
745,923.75 749,103.04 1,914.06 748,965.00 09/22/1609/21/16AaaAA+ 750,000.00 3137EAED7 0.94
Account 20240100 Page 4
For the Month Ending December 31, 2016Managed Account Detail of Securities Held
CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value
Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTradeSettle
Par
Federal Agency Bond / Note
FHLMC REFERENCE NOTE
DTD 09/16/2016 0.875% 10/12/2018
994,565.00 1,000,351.36 2,552.08 1,000,400.00 09/30/1609/30/16AaaAA+ 1,000,000.00 3137EAED7 0.86
FNMA BENCHMARK NOTE
DTD 09/01/2015 1.125% 10/19/2018
1,498,155.00 1,506,262.11 3,375.00 1,508,220.00 06/06/1606/03/16AaaAA+ 1,500,000.00 3135G0E58 0.89
FHLB NOTES
DTD 12/08/2016 1.250% 01/16/2019
614,785.37 614,975.40 491.15 614,975.40 12/08/1612/07/16AaaAA+ 615,000.00 3130AAE46 1.25
FNMA BENCHMARK NOTE
DTD 02/23/2016 1.000% 02/26/2019
695,648.10 700,473.42 2,430.56 700,595.00 06/06/1606/03/16AaaAA+ 700,000.00 3135G0J53 0.97
FHLB GLOBAL NOTE
DTD 06/03/2016 1.125% 06/21/2019
2,848,692.42 2,872,190.26 895.31 2,873,824.20 06/06/1606/03/16AaaAA+ 2,865,000.00 3130A8DB6 1.02
FNMA BENCHMARK NOTE
DTD 08/02/2016 0.875% 08/02/2019
714,929.03 723,156.28 2,625.61 722,977.25 09/30/1609/30/16AaaAA+ 725,000.00 3135G0N33 0.97
FHLB GLOBAL NOTE
DTD 08/04/2016 0.875% 08/05/2019
1,207,662.58 1,222,964.15 4,376.82 1,222,648.00 08/04/1608/03/16AaaAA+ 1,225,000.00 3130A8Y72 0.94
FHLB GLOBAL NOTES
DTD 09/09/2016 1.000% 09/26/2019
741,063.00 748,143.60 1,979.17 747,960.00 09/22/1609/21/16AaaAA+ 750,000.00 3130A9EP2 1.09
FREDDIE MAC GLOBAL NOTES
DTD 10/02/2012 1.250% 10/02/2019
695,905.70 703,306.35 2,163.19 703,976.00 06/06/1606/03/16AaaAA+ 700,000.00 3137EADM8 1.08
FHLB NOTES
DTD 11/17/2016 1.375% 11/15/2019
1,030,874.49 1,034,771.44 1,739.38 1,034,761.95 11/17/1611/16/16AaaAA+ 1,035,000.00 3130AA3R7 1.38
FNMA NOTES
DTD 08/19/2016 1.250% 08/17/2021
966,470.00 997,559.16 4,583.33 997,380.00 08/25/1608/24/16AaaAA+ 1,000,000.00 3135G0N82 1.30
30,040.03 16,053,743.41 16,183,171.43 1.01 16,186,583.20 16,175,000.00 Security Type Sub-Total
Corporate Note
JP MORGAN SECURITIES
DTD 04/23/2009 6.300% 04/23/2019
775,843.27 781,397.88 8,449.00 798,366.60 06/08/1606/03/16A3A- 710,000.00 46625HHL7 1.84
Account 20240100 Page 5
For the Month Ending December 31, 2016Managed Account Detail of Securities Held
CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value
Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTradeSettle
Par
Corporate Note
BERKSHIRE HATHAWAY INC CORPORATE
NOTES
DTD 08/15/2016 1.300% 08/15/2019
133,360.56 134,885.27 663.00 134,869.05 08/15/1608/08/16Aa2AA 135,000.00 084664CK5 1.33
TOYOTA MOTOR CORP NOTES
DTD 10/18/2016 1.550% 10/18/2019
251,913.48 254,880.95 801.48 254,872.50 10/18/1610/13/16Aa3AA- 255,000.00 89236TDH5 1.57
HSBC USA INC CORPORATE NOTES
DTD 11/13/2014 2.375% 11/13/2019
797,047.13 803,573.69 2,517.50 805,199.85 06/08/1606/03/16A2A 795,000.00 40428HPN6 1.99
PFIZER INC CORP NOTE
DTD 11/21/2016 1.700% 12/15/2019
274,740.68 274,809.26 519.44 274,802.00 11/21/1611/14/16A1AA 275,000.00 717081EB5 1.72
BNY MELLON CORP NOTE (CALLABLE)
DTD 08/17/2015 2.600% 08/17/2020
780,642.78 796,014.02 7,500.28 799,226.50 06/08/1606/03/16A1A 775,000.00 06406HDD8 1.82
WELLS FARGO & COMPANY NOTES
DTD 12/07/2015 2.550% 12/07/2020
785,897.26 800,837.05 1,334.50 803,007.90 06/08/1606/03/16A2A 785,000.00 94974BGR5 2.01
AMERICAN EXPRESS CREDIT CORP NOTES
DTD 05/05/2016 2.250% 05/05/2021
790,467.20 804,129.78 2,800.00 804,632.00 06/08/1606/03/16A2A- 800,000.00 0258M0EB1 2.13
24,585.20 4,589,912.36 4,650,527.90 1.90 4,674,976.40 4,530,000.00 Security Type Sub-Total
Certificate of Deposit - FDIC Insured
BANK OF BARODA
DTD 01/17/2014 1.000% 01/17/2017
248,045.38 248,000.00 1,141.48 248,000.00 01/17/1401/14/14NRNR 248,000.00 06062AFB0 0.99
SYNCHRONY BANK
DTD 02/14/2014 1.050% 02/14/2017
248,144.34 248,000.00 998.79 248,000.00 02/14/1402/10/14NRNR 248,000.00 36157QVR5 1.03
GOLDMAN SACHS BANK USA
DTD 03/19/2014 1.050% 03/20/2017
248,229.15 248,000.00 734.83 248,000.00 03/19/1403/11/14A3A- 248,000.00 38147JVW9 1.04
PRIVATEBANK & TRUST CO
DTD 04/16/2014 1.000% 04/17/2017
248,333.06 248,000.00 516.38 248,000.00 04/16/1404/02/14NRNR 248,000.00 74267GUJ4 0.99
BARCLAYS BANK/DELAWARE
DTD 05/13/2014 1.100% 05/15/2017
248,373.74 248,000.00 351.28 248,000.00 05/13/1405/06/14Baa3A 248,000.00 06740KGW1 1.09
Account 20240100 Page 6
For the Month Ending December 31, 2016Managed Account Detail of Securities Held
CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value
Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTradeSettle
Par
Certificate of Deposit - FDIC Insured
ALLY BANK
DTD 03/26/2015 1.050% 09/26/2017
248,524.02 248,000.00 692.02 248,000.00 03/26/1503/17/15NRNR 248,000.00 02006LPR8 1.04
HOMEBANC NA
DTD 03/30/2015 1.200% 03/29/2018
249,277.14 249,000.00 253.78 249,000.00 03/30/1503/10/15NRNR 249,000.00 43738AFT8 1.15
AMERICAN EXPR CENTURION
DTD 06/17/2015 1.550% 06/18/2018
248,205.34 248,000.00 157.97 248,000.00 06/17/1506/06/15A2BBB+ 248,000.00 02587DYT9 1.52
CAPITAL ONE NA
DTD 09/23/2015 1.650% 09/24/2018
249,767.74 248,000.00 1,121.10 248,000.00 09/23/1509/16/15NRNR 248,000.00 14042RAA9 1.62
5,967.63 2,236,899.91 2,233,000.00 1.16 2,233,000.00 2,233,000.00 Security Type Sub-Total
Certificate of Deposit
CANADIAN IMPERIAL BANK NY CD
DTD 12/05/2016 1.760% 11/30/2018
564,519.20 559,579.47 739.20 559,563.20 12/05/1612/01/16Aa3A+ 560,000.00 13606A5Z7 1.78
739.20 564,519.20 559,579.47 1.78 559,563.20 560,000.00 Security Type Sub-Total
Asset-Backed Security / Collateralized Mortgage Obligation
HYUNDAI AUTO RECEIVABLES TRUST
DTD 09/21/2016 1.290% 04/15/2021
143,831.65 144,981.80 83.13 144,980.48 09/21/1609/14/16AaaAAA 145,000.00 44891EAC3 1.30
83.13 143,831.65 144,981.80 1.30 144,980.48 145,000.00 Security Type Sub-Total
34,423,000.00 34,761,398.40 1.25 108,100.98 34,717,871.56 34,418,744.51 Managed Account Sub-Total
$34,423,000.00 $34,761,398.40 $108,100.98 $34,717,871.56 $34,418,744.51 1.25%
$34,526,845.49
$108,100.98
Total Investments
Accrued Interest
Securities Sub-Total
Account 20240100 Page 7
For the Month Ending December 31, 2016Managed Account Fair Market Value & Analytics
CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Value On Cost Amort Cost to WorstCUSIPBrokerDatePriceDated Date/Coupon/Maturity Par at Mkt
Market Unreal G/L Unreal G/L DurationNext Call MarketSecurity Type/Description YTMEffective
Duration
U.S. Treasury Bond / Note
1.72 (10,550.20)(12,672.46) 2,022,556.25 100.38 WELLSFAR 2,015,000.00 912828RH5US TREASURY NOTES
DTD 09/30/2011 1.375% 09/30/2018
1.16 1.72
3.00 (7,200.40)(7,889.17) 436,768.64 99.27 MORGANST 440,000.00 912828H52US TREASURY NOTES
DTD 02/02/2015 1.250% 01/31/2020
1.49 3.00
3.07 (172.22)(152.46) 298,570.20 99.52 MS 300,000.00 912828J50UNITED STATES TREASURY NOTES
DTD 03/02/2015 1.375% 02/29/2020
1.53 3.07
3.44 (30,602.55)(35,010.85) 1,454,033.88 99.93 HSBC 1,455,000.00 912828XM7US TREASURY NOTES
DTD 07/31/2015 1.625% 07/31/2020
1.64 3.44
3.75 (24,294.54)(27,343.31) 1,010,352.00 101.04 MORGANST 1,000,000.00 912828A42US TREASURY NOTE
DTD 12/02/2013 2.000% 11/30/2020
1.73 3.75
3.85 (34,048.53)(38,686.70) 1,599,500.80 99.97 HSBC 1,600,000.00 912828N48US TREASURY N/B
DTD 12/31/2015 1.750% 12/31/2020
1.76 3.85
3.93 (2,039.92)(1,957.16) 295,206.90 98.40 HSBC 300,000.00 912828N89US TREASURY NOTES
DTD 01/31/2016 1.375% 01/31/2021
1.78 3.93
4.10 (1,976.52)(2,420.01) 1,500,870.03 101.75 BNP PARI 1,475,000.00 912828WG1US TREASURY NOTES
DTD 04/30/2014 2.250% 04/30/2021
1.83 4.10
4.30 (3,617.19)(3,938.13) 716,043.12 101.57 BNP PARI 705,000.00 912828WY2US TREASURY N/B
DTD 07/31/2014 2.250% 07/31/2021
1.89 4.30
4.40 (2,270.91)(2,386.89) 1,495,936.16 100.40 MERRILL 1,490,000.00 912828D72US TREASURY NOTES
DTD 09/02/2014 2.000% 08/31/2021
1.91 4.40
(132,457.14) 1.65 3.47 (116,772.98) 10,829,837.98 10,780,000.00 Security Type Sub-Total 3.47
Federal Agency Bond / Note
1.20 (678.26)(760.43) 309,499.97 99.84 MORGANST 310,000.00 3130A7CX1FHLB NOTES
DTD 02/18/2016 0.875% 03/19/2018
1.01 1.20
1.48 (10,167.63)(10,071.00) 2,989,569.00 99.65 MORGANST 3,000,000.00 3130A8BD4FEDERAL HOME LOAN BANKS AGCY
DTD 05/27/2016 0.875% 06/29/2018
1.11 1.48
1.76 (3,179.29)(3,041.25) 745,923.75 99.46 BARCLAYS 750,000.00 3137EAED7FHLMC REFERENCE NOTE
DTD 09/16/2016 0.875% 10/12/2018
1.18 1.76
1.76 (5,786.36)(5,835.00) 994,565.00 99.46 JEFFERIE 1,000,000.00 3137EAED7FHLMC REFERENCE NOTE
DTD 09/16/2016 0.875% 10/12/2018
1.18 1.76
1.77 (8,107.11)(10,065.00) 1,498,155.00 99.88 KEYBAN 1,500,000.00 3135G0E58FNMA BENCHMARK NOTE
DTD 09/01/2015 1.125% 10/19/2018
1.19 1.77
Account 20240100 Page 8
For the Month Ending December 31, 2016Managed Account Fair Market Value & Analytics
CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Value On Cost Amort Cost to WorstCUSIPBrokerDatePriceDated Date/Coupon/Maturity Par at Mkt
Market Unreal G/L Unreal G/L DurationNext Call MarketSecurity Type/Description YTMEffective
Duration
Federal Agency Bond / Note
2.01 (190.03)(190.03) 614,785.37 99.97 BAML 615,000.00 3130AAE46FHLB NOTES
DTD 12/08/2016 1.250% 01/16/2019
1.27 2.01
2.11 (4,825.32)(4,946.90) 695,648.10 99.38 MORGANST 700,000.00 3135G0J53FNMA BENCHMARK NOTE
DTD 02/23/2016 1.000% 02/26/2019
1.29 2.11
2.43 (23,497.84)(25,131.78) 2,848,692.42 99.43 KEYBAN 2,865,000.00 3130A8DB6FHLB GLOBAL NOTE
DTD 06/03/2016 1.125% 06/21/2019
1.36 2.43
2.54 (8,227.25)(8,048.22) 714,929.03 98.61 BMO 725,000.00 3135G0N33FNMA BENCHMARK NOTE
DTD 08/02/2016 0.875% 08/02/2019
1.42 2.54
2.54 (15,301.57)(14,985.42) 1,207,662.58 98.58 WELLSFAR 1,225,000.00 3130A8Y72FHLB GLOBAL NOTE
DTD 08/04/2016 0.875% 08/05/2019
1.43 2.54
2.68 (7,080.60)(6,897.00) 741,063.00 98.81 MORGANST 750,000.00 3130A9EP2FHLB GLOBAL NOTES
DTD 09/09/2016 1.000% 09/26/2019
1.45 2.68
2.69 (7,400.65)(8,070.30) 695,905.70 99.42 WELLSFAR 700,000.00 3137EADM8FREDDIE MAC GLOBAL NOTES
DTD 10/02/2012 1.250% 10/02/2019
1.47 2.69
2.80 (3,896.95)(3,887.46) 1,030,874.49 99.60 MERRILL 1,035,000.00 3130AA3R7FHLB NOTES
DTD 11/17/2016 1.375% 11/15/2019
1.52 2.80
4.44 (31,089.16)(30,910.00) 966,470.00 96.65 BMO 1,000,000.00 3135G0N82FNMA NOTES
DTD 08/19/2016 1.250% 08/17/2021
2.01 4.44
(132,839.79) 1.33 2.25 (129,428.02) 16,053,743.41 16,175,000.00 Security Type Sub-Total 2.25
Corporate Note
2.15 (5,554.61)(22,523.33) 775,843.27 109.27 BARCLAYS 710,000.00 46625HHL7JP MORGAN SECURITIES
DTD 04/23/2009 6.300% 04/23/2019
2.16 2.15
2.55 (1,524.71)(1,508.49) 133,360.56 98.79 MERRILL 135,000.00 084664CK5BERKSHIRE HATHAWAY INC CORPORATE
NOTES
DTD 08/15/2016 1.300% 08/15/2019
1.78 2.55
2.71 (2,967.47)(2,959.02) 251,913.48 98.79 MERRILL 255,000.00 89236TDH5TOYOTA MOTOR CORP NOTES
DTD 10/18/2016 1.550% 10/18/2019
2.00 2.71
2.75 (6,526.56)(8,152.72) 797,047.13 100.26 WELLSFAR 795,000.00 40428HPN6HSBC USA INC CORPORATE NOTES
DTD 11/13/2014 2.375% 11/13/2019
2.28 2.75
2.87 (68.58)(61.32) 274,740.68 99.91 MERRILL 275,000.00 717081EB5PFIZER INC CORP NOTE
DTD 11/21/2016 1.700% 12/15/2019
1.73 2.87
Account 20240100 Page 9
For the Month Ending December 31, 2016Managed Account Fair Market Value & Analytics
CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Value On Cost Amort Cost to WorstCUSIPBrokerDatePriceDated Date/Coupon/Maturity Par at Mkt
Market Unreal G/L Unreal G/L DurationNext Call MarketSecurity Type/Description YTMEffective
Duration
Corporate Note
3.34 (15,371.24)(18,583.72) 780,642.78 100.73 07/17/20BARCLAYS 775,000.00 06406HDD8BNY MELLON CORP NOTE (CALLABLE)
DTD 08/17/2015 2.600% 08/17/2020
2.39 3.40
3.71 (14,939.79)(17,110.64) 785,897.26 100.11 WELLSFAR 785,000.00 94974BGR5WELLS FARGO & COMPANY NOTES
DTD 12/07/2015 2.550% 12/07/2020
2.52 3.71
4.10 (13,662.58)(14,164.80) 790,467.20 98.81 CSFB 800,000.00 0258M0EB1AMERICAN EXPRESS CREDIT CORP NOTES
DTD 05/05/2016 2.250% 05/05/2021
2.54 4.10
(85,064.04) 2.30 3.14 (60,615.54) 4,589,912.36 4,530,000.00 Security Type Sub-Total 3.15
Certificate of Deposit - FDIC Insured
0.05 45.38 45.38 248,045.38 100.02 NEW ACCT 248,000.00 06062AFB0BANK OF BARODA
DTD 01/17/2014 1.000% 01/17/2017
0.76 0.05
0.12 144.34 144.34 248,144.34 100.06 NEW ACCT 248,000.00 36157QVR5SYNCHRONY BANK
DTD 02/14/2014 1.050% 02/14/2017
0.77 0.12
0.22 229.15 229.15 248,229.15 100.09 NEW ACCT 248,000.00 38147JVW9GOLDMAN SACHS BANK USA
DTD 03/19/2014 1.050% 03/20/2017
0.79 0.22
0.29 333.06 333.06 248,333.06 100.13 NEW ACCT 248,000.00 74267GUJ4PRIVATEBANK & TRUST CO
DTD 04/16/2014 1.000% 04/17/2017
0.73 0.29
0.37 373.74 373.74 248,373.74 100.15 NEW ACCT 248,000.00 06740KGW1BARCLAYS BANK/DELAWARE
DTD 05/13/2014 1.100% 05/15/2017
0.85 0.37
0.73 524.02 524.02 248,524.02 100.21 NEW ACCT 248,000.00 02006LPR8ALLY BANK
DTD 03/26/2015 1.050% 09/26/2017
0.75 0.73
1.23 277.14 277.14 249,277.14 100.11 NEW ACCT 249,000.00 43738AFT8HOMEBANC NA
DTD 03/30/2015 1.200% 03/29/2018
1.08 1.23
1.45 205.34 205.34 248,205.34 100.08 NEW ACCT 248,000.00 02587DYT9AMERICAN EXPR CENTURION
DTD 06/17/2015 1.550% 06/18/2018
1.45 1.45
1.72 1,767.74 1,767.74 249,767.74 100.71 NEW ACCT 248,000.00 14042RAA9CAPITAL ONE NA
DTD 09/23/2015 1.650% 09/24/2018
1.20 1.72
3,899.91 0.93 0.69 3,899.91 2,236,899.91 2,233,000.00 Security Type Sub-Total 0.69
Certificate of Deposit
1.90 4,939.73 4,956.00 564,519.20 100.81 GOLDMAN 560,000.00 13606A5Z7CANADIAN IMPERIAL BANK NY CD
DTD 12/05/2016 1.760% 11/30/2018
1.25 1.90
Account 20240100 Page 10
For the Month Ending December 31, 2016Managed Account Fair Market Value & Analytics
CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Value On Cost Amort Cost to WorstCUSIPBrokerDatePriceDated Date/Coupon/Maturity Par at Mkt
Market Unreal G/L Unreal G/L DurationNext Call MarketSecurity Type/Description YTMEffective
Duration
4,956.00 1.25 1.90 4,939.73 564,519.20 560,000.00 Security Type Sub-Total 1.90
Asset-Backed Security / Collateralized Mortgage Obligation
3.67 (1,150.15)(1,148.83) 143,831.65 99.19 JPMCHASE 145,000.00 44891EAC3HYUNDAI AUTO RECEIVABLES TRUST
DTD 09/21/2016 1.290% 04/15/2021
1.51 2.22
(1,148.83) 1.51 3.67 (1,150.15) 143,831.65 145,000.00 Security Type Sub-Total 2.22
34,423,000.00 34,418,744.51 (342,653.89)(299,127.05) 2.65 1.53 Managed Account Sub-Total 2.65
Total Investments $34,526,845.49
$108,100.98
$34,418,744.51
Accrued Interest
Securities Sub-Total $34,423,000.00 ($342,653.89)($299,127.05) 2.65 1.53% 2.65
Account 20240100 Page 11
For the Month Ending December 31, 2016Managed Account Security Transactions & Interest
CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
12/05/16 CANADIAN IMPERIAL BANK NY CD
DTD 12/05/2016 1.760% 11/30/2018
13606A5Z7 (559,563.20) 0.00 (559,563.20) 560,000.00 12/01/16
12/06/16 US TREASURY NOTES
DTD 04/30/2014 2.250% 04/30/2021
912828WG1 (1,503,290.04)(3,300.41)(1,506,590.45) 1,475,000.00 12/05/16
12/06/16 US TREASURY NOTES
DTD 09/02/2014 2.000% 08/31/2021
912828D72 (1,498,323.05)(7,985.08)(1,506,308.13) 1,490,000.00 12/05/16
12/08/16 FHLB NOTES
DTD 12/08/2016 1.250% 01/16/2019
3130AAE46 (614,975.40) 0.00 (614,975.40) 615,000.00 12/07/16
12/14/16 UNITED STATES TREASURY NOTES
DTD 03/02/2015 1.375% 02/29/2020
912828J50 (298,722.66)(1,196.48)(299,919.14) 300,000.00 12/13/16
(12,481.97)(4,487,356.32)(4,474,874.35) 4,440,000.00 Transaction Type Sub-Total
INTEREST
12/01/16 HOMEBANC NA
DTD 03/30/2015 1.200% 03/29/2018
43738AFT8 0.00 245.59 245.59 249,000.00 12/01/16
12/01/16 MONEY MARKET FUND MONEY0002 0.00 0.21 0.21 0.00 12/01/16
12/02/16 HSBC USA INC CORPORATE NOTES
DTD 11/13/2014 2.375% 11/13/2019
40428HPN6 0.00 52.44 52.44 0.00 12/02/16
12/07/16 WELLS FARGO & COMPANY NOTES
DTD 12/07/2015 2.550% 12/07/2020
94974BGR5 0.00 10,008.75 10,008.75 785,000.00 12/07/16
12/11/16 SALLIE MAE BANK/SALT LKE
DTD 12/11/2013 1.050% 12/12/2016
795450RV9 0.00 1,305.57 1,305.57 248,000.00 12/11/16
12/12/16 SALLIE MAE BANK/SALT LKE
DTD 12/11/2013 1.050% 12/12/2016
795450RV9 0.00 7.13 7.13 248,000.00 12/12/16
12/15/16 HYUNDAI AUTO RECEIVABLES TRUST
DTD 09/21/2016 1.290% 04/15/2021
44891EAC3 0.00 155.88 155.88 145,000.00 12/15/16
12/17/16 AMERICAN EXPR CENTURION
DTD 06/17/2015 1.550% 06/18/2018
02587DYT9 0.00 1,927.27 1,927.27 248,000.00 12/17/16
12/21/16 FHLB GLOBAL NOTE
DTD 06/03/2016 1.125% 06/21/2019
3130A8DB6 0.00 16,115.63 16,115.63 2,865,000.00 12/21/16
12/29/16 FEDERAL HOME LOAN BANKS AGCY
DTD 05/27/2016 0.875% 06/29/2018
3130A8BD4 0.00 13,125.00 13,125.00 3,000,000.00 12/29/16
12/31/16 US TREASURY N/B
DTD 12/31/2015 1.750% 12/31/2020
912828N48 0.00 14,000.00 14,000.00 1,600,000.00 12/31/16
Account 20240100 Page 12
For the Month Ending December 31, 2016Managed Account Security Transactions & Interest
CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
56,943.47 56,943.47 0.00 9,388,000.00 Transaction Type Sub-Total
MATURITY
12/12/16 SALLIE MAE BANK/SALT LKE
DTD 12/11/2013 1.050% 12/12/2016
795450RV9 248,000.00 0.00 248,000.00 0.00 0.00 248,000.00 12/12/16
0.00 0.00 0.00 248,000.00 248,000.00 248,000.00 Transaction Type Sub-Total
SELL
12/05/16 FHLB NOTES
DTD 02/18/2016 0.875% 03/19/2018
3130A7CX1 573,643.00 1,062.15 574,705.15 (1,840.00)(1,707.11)SPEC LOT 575,000.00 12/05/16
12/06/16 FHLMC NOTES
DTD 12/11/2015 1.000% 12/15/2017
3137EADX4 3,002,190.00 14,250.00 3,016,440.00 (7,530.00)(4,356.57)SPEC LOT 3,000,000.00 12/05/16
12/08/16 FHLB NOTES
DTD 02/18/2016 0.875% 03/19/2018
3130A7CX1 613,708.50 1,180.89 614,889.39 (1,808.10)(1,663.55)FIFO 615,000.00 12/07/16
16,493.04 (7,727.23)(11,178.10) 4,206,034.54 4,189,541.50 4,190,000.00 Transaction Type Sub-Total
(37,332.85) 60,954.54 23,621.69 (11,178.10)(7,727.23)Managed Account Sub-Total
Total Security Transactions ($11,178.10)$23,621.69 $60,954.54 ($37,332.85)($7,727.23)
Account 20240100 Page 13