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HomeMy WebLinkAbout04.19.2024 March 31, 2024 Investment Report and Transaction Reporting for Butte CountyFrom:Patterson, Kiley To:Alya Singleterry; Angie Cote; "Bangor Cemetery District - Theresa Phillips, Trustee"; Sandoval, Maritza; "BCOE, Leslie Romero Arana"; "Bruffett, Jim"; BUSD Analyn Dyer; "Butte Co Resource Conservation"; "Butte County Resource Conservation District"; "Butte Creek Drainage, Drainage District #2"; "Cahn, Jeff"; "CARD"; "Christy Patterson, Executive Director, Butte Schools Self-Funded Programs"; "Compton, Vickie"; Cyr, Kirsten; "Dehart, Denise"; "Drainage District #1"; "Drainage District #100"; "Drainage District #200"; "Durham Recreation & Park"; Hobbs, Debbie; "Christy Patterson, Butte County Schools JPA"; Clerk of the Board; Zepeda, Elizabeth; Gutierrez, Graciela; "Heather Naylor, Gridley Unified School District"; Cook, Holly; Kidd, Troy; Honea, Kory; Marie Hartman; "Mary Sakuma"; Merrifield, Catherine; Ramsey, Michael; Michaelis, Matt; Moss, Kathy; Patterson, Kiley; Ritter, Tami; Bennett, Robin; Sanyakul, Soulyphorn; Connelly, Bill; Durfee, Peter; Kimmelshue, Tod; Teeter, Doug; "Susan Watts, TOC Member (OUHSD rep)"; Travis Haskill; "William (Jim) Nicholas, Director of Business Services"; John Glaspie; Knight, Jay; Minasian, Paul; "Quigley, Cindy"; Ravert, Rochelle; "Richardson Springs, Carlos Penning"; Parsley, Joanne; Spreen, Misty; Lucas, Steve; Travis Haskill; Weinreich, Anita Subject:March 31, 2024 Investment Report and Transaction Reporting for Butte County Date:Friday, April 19, 2024 4:56:36 PM Attachments:Investment Report March 2024.pdf Transaction Reporting March 2024.pdf Happy Friday! The Treasurer’s Investment Report for the month ending March 31, 2024 is attached for your reference. Additionally, the information provided in the attached “Transaction Reporting March 2024” consists of statements detailing transaction activity for the month. The Butte County investment portfolio yield to maturity for March 2024 was 3.36% with a 647 Average-Days-to-Maturity. If you have any questions or concerns, please feel free to contact myself or Troy Kidd. Kiley PattersonButte County Assistant Treasurer-Tax Collector Treasurer-Tax Collector’s Department 25 County Center Drive, Suite 125, Oroville, CA 95965 T: 530.552.3731| F: 530.538.6450 Twitter | Facebook | YouTube | Pinterest Treasurer – Tax Collector Troy Kidd, Treasurer-Tax Collector Treasury Division 25 County Center Drive, Suite 125 T: 530.552.3730 Oroville, California 95965-3384 F: 530.538.6450 Treasurer - Tax Collector | Butte County, CA April 15, 2024 Butte County Board of Supervisors Butte County Chief Administrative Officer Investment Pool Oversight Committee The attached investment report for March 29, 2024 is submitted in accordance with the Butte County Statement of Investment Policy dated July 1, 2023. In compliance with Government Code, Section 53646, the Investment Report demonstrates that sufficient liquidity is available to meet anticipated expenditures during the next six months. All investments are in compliance with this policy. The Butte County investment portfolio yield to maturity for March 2024 was 3.36% with a 647 Average- Days-to-Maturity. For the quarter ending March 29, 2024, the Butte County investment portfolio distributed earnings of $11,190,071.16 proportionally to all participants in the investment pool. This investment program generates millions of dollars of additional operating revenue for the County, schools, and special districts. Average daily balance was $1,137,280,140.81 equating to a quarterly return of 3.9465%. Earnings, net of Treasury and Auditors costs, are apportioned quarterly on a cash basis causing returns to fluctuate each quarter. For fiscal year 22/23 net annualized yield was 1.77% based on a $1,124,281,504 average daily balance for all money in the County Treasury with $20,186,421 of distributed earnings. NOTE: Fair values are trending lower than cost carried due to an increasing yield environment. Investments are marked to market monthly based on a current market price determined by U.S. Bancorp Investments. Copies of statements reflecting investment and cash management transactions are provided to the Board of Supervisors monthly and are available upon request. Quarterly Investment Reports are made available on the Treasurer-Tax Collector website at Treasurer's Investment Reports | Butte County, CA Respectfully, Troy Kidd Troy Kidd Butte County Treasurer-Tax Collector cc: Butte County Auditor-Controller Butte County Special Districts (Quarterly) Butte County Board of Supervisors Butte-Glenn Community College Butte County District Attorney Chico Unified and Gridley Unified School Districts Butte County Schools-JPA Michaelis, Matt – Butte County Deputy Administrative Officer Butte County Sheriff Sanyakul, Soulyphorn – Butte County Internal Auditor Butte County Superintendent of Schools Fund Name Face Amount/Shares Market Value Book Value % of Portfolio YTM @ Cost Days To Maturity CAMP Short Term 155,375,140.67 155,375,140.67 155,375,140.67 10.20 5.48 1 CAMP TERM 60,000,000.00 60,000,000.00 60,000,000.00 3.94 5.71 84 CD Negotiable 997,000.00 987,754.57 997,000.00 0.07 2.29 102 Corporate - Supranationals 160,190,000.00 153,082,132.92 156,925,454.79 10.31 3.30 1,273 Corporate Notes 151,008,000.00 144,483,218.69 148,036,912.43 9.72 2.88 833 LAIF 12,191,436.91 12,191,436.91 12,191,436.91 0.80 4.23 1 LAIF / School Bonds 114,156,723.15 114,156,723.15 114,156,723.15 7.50 4.23 1 Municipal Bonds 166,010,000.00 157,604,664.90 161,407,535.93 10.60 2.44 732 Operating Accounts 25,940,234.83 25,940,234.83 25,940,234.83 1.70 0.00 1 US Agency 475,045,000.00 460,709,031.30 472,724,240.19 31.05 2.85 872 US Treasury 219,750,000.00 211,910,491.62 214,832,867.60 14.11 3.29 589 Total / Average 1,540,663,535.56 1,496,440,829.56 1,522,587,546.50 100.00 3.36 647 Troy Kidd, Treasurer-Tax Collector Investment Policy Compliance The attached investment report is submitted in accordance with the Butte County Statement of Investment Policy dated July 1, 2023. All investments are in compliance with this policy. Investments are marked to market monthly based on a current market price determined by U.S. Bancorp Investments. Sufficient liquidity is available to meet anticipated expenditures during the next six months. BUTTE COUNTY Treasurer's Investment Repor t March 29, 2024 Troy Kidd USD Butte-Glenn 2016 C GO Bond LAIF4001 LAIF 4001 Butte CC LGIP 51,614,609.51 6/17/2022 4.23 51,614,609.51 51,614,609.51 100.00 4.23 51,614,609.51 0.00 45.21% NR NR 0 1 1 0 45.21% 0.00 51,614,609.51 4.23 51,614,609.51 51,614,609.514.2351,614,609.51Sub Total USD Butte-Glenn 2016 C GO Bond USD Butte-Glenn 2016B Go Bond LAIF4001 LAIF 4001 Butte CC LGIP 14,217,556.02 8/12/2019 4.23 14,217,556.02 14,217,556.02 100.00 4.23 14,217,556.02 0.00 12.45% NR NR 0 1 1 0 12.45% 0.00 14,217,556.02 4.23 14,217,556.02 14,217,556.024.2314,217,556.02Sub Total USD Butte-Glenn 2016B Go Bond USD Chico 2012A GO Bond LAIF4006 LAIF 4006 Chico USD LGIP 10,721.62 5/30/2013 4.23 10,721.62 10,721.62 100.00 4.23 10,721.62 0.00 0.01% NR NR 0 1 1 0 0.01% 0.00 10,721.62 4.23 10,721.62 10,721.624.2310,721.62Sub Total USD Chico 2012A GO Bond USD Chico 2016 C Bond LAIF4006 LAIF 4006 Chico USD LGIP 35,979,928.84 8/17/2021 4.23 35,979,928.84 35,979,928.84 100.00 4.23 35,979,928.84 0.00 31.52% NR NR 0 1 1 0 31.52% 0.00 35,979,928.84 4.23 35,979,928.84 35,979,928.844.2335,979,928.84Sub Total USD Chico 2016 C Bond USD Durham 2021 Series B Bond LAIF4007 LAIF 4007 Butte Office of Education LGIP 5,891,266.53 1/20/2021 4.23 5,891,266.53 5,891,266.53 100.00 4.23 5,891,266.53 0.00 5.16% NR NR 0 1 1 0 5.16% 0.00 5,891,266.53 4.23 5,891,266.53 5,891,266.534.235,891,266.53Sub Total USD Durham 2021 Series B Bond USD Durham 2022 C Bond CUSIP Face Amount / Shares Settlement DateDescription YTM @ Cost Cost Value Book Value YTM @ Market Market Price Market Value Accrued Interest Unre. Gain/Loss % Portfolio Credit Rating Credit Rating Duration To Maturity Days To Call/Maturity Date: 3/29/2024School Bond Proceeds Portfolio Holdings by Portfolio Name Butte County LAIF4007 LAIF 4007 Butte Office of Education LGIP 3,719,011.01 3/30/2022 4.23 3,719,011.01 3,719,011.01 100.00 4.23 3,719,011.01 0.00 3.26% NR NR 0 1 1 0 3.26% 0.00 3,719,011.01 4.23 3,719,011.01 3,719,011.014.233,719,011.01Sub Total USD Durham 2022 C Bond USD Gridley 2022A Bond LAIF4007 LAIF 4007 Butte Office of Education LGIP 468,394.34 2/22/2023 4.23 468,394.34 468,394.34 100.00 4.23 468,394.34 0.00 0.41% NR NR 0 1 1 0 0.41% 0.00 468,394.34 4.23 468,394.34 468,394.344.23468,394.34Sub Total USD Gridley 2022A Bond USD Paradise 2021 Series A Bond LAIF4003 LAIF 4003 Paradise USD LGIP 139,708.05 2/3/2021 4.23 139,708.05 139,708.05 100.00 4.23 139,708.05 0.00 0.12% NR NR 0 1 1 0 0.12% 0.00 139,708.05 4.23 139,708.05 139,708.054.23139,708.05Sub Total USD Paradise 2021 Series A Bond USD Paradise 2021 Series B Bond LAIF4003 LAIF 4003 Paradise USD LGIP 106,250.15 3/31/2022 4.23 106,250.15 106,250.15 100.00 4.23 106,250.15 0.00 0.09% NR NR 0 1 1 0 0.09% 0.00 106,250.15 4.23 106,250.15 106,250.154.23106,250.15Sub Total USD Paradise 2021 Series B Bond USD Paradise 2022 Series C Bond LAIF4003 LAIF 4003 Paradise USD LGIP 2,009,277.08 1/10/2023 4.23 2,009,277.08 2,009,277.08 100.00 4.23 2,009,277.08 0.00 1.76% NR NR 0 1 1 0 1.76% 0.00 2,009,277.08 4.23 2,009,277.08 2,009,277.084.232,009,277.08Sub Total USD Paradise 2022 Series C Bond CUSIP Face Amount / Shares Settlement DateDescription YTM @ Cost Cost Value Book Value YTM @ Market Market Price Market Value Accrued Interest Unre. Gain/Loss % Portfolio Credit Rating Credit Rating Duration To Maturity Days To Call/Maturity Date: 3/29/2024School Bond Proceeds Portfolio Holdings by Portfolio Name Butte County TOTAL PORTFOLIO 114,156,723.15 4.23 114,156,723.15 114,156,723.15 4.23 114,156,723.15 0.00 100.00% 0 1 CUSIP Face Amount / Shares Settlement DateDescription YTM @ Cost Cost Value Book Value YTM @ Market Market Price Market Value Accrued Interest Unre. Gain/Loss % Portfolio Credit Rating Credit Rating Duration To Maturity Days To Call/Maturity Date: 3/29/2024School Bond Proceeds Portfolio Holdings by Portfolio Name Butte County Main Fund Allocation Main Fund Market Value 3/31/2023 % of Portfolio 3/31/2023 Market Value 3/29/2024 % of Portfolio 3/29/2024 CD Negotiable 2,202,408.03 0.19 987,754.57 0.07 Corporate - Supranationals 74,713,615.00 6.53 153,082,132.92 11.29 Corporate Notes 102,284,368.19 8.94 144,483,218.69 10.65 LAIF 19,105,483.20 1.67 12,191,436.91 0.90 Municipal Bonds 145,336,868.00 12.70 157,604,664.90 11.62 US Agency 479,867,724.65 41.93 460,709,031.30 33.97 US Treasury 320,944,709.00 28.04 211,910,491.62 15.62 CAMP Short Term 0.00 0.00 155,375,140.67 11.46 CAMP TERM 0.00 0.00 60,000,000.00 4.42 Total / Average 1,144,455,176.07 100.00 1,356,343,871.58 100.00 Portfolio Holdings as of 3/31/2023 Portfolio Holdings as of 3/29/2024 Market Value Source: US Bank Safekeeping Begin Date: 3/31/2023, End Date: 3/29/2024Actively Managed Portfolio Distribution by Main Fund - Market Value Butte County Maturity Range Allocation Maturity Range Market Value 3/31/2023 % of Portfolio 3/31/2023 Market Value 3/29/2024 % of Portfolio 3/29/2024 0-1 Month 34,315,426.20 3.00 194,813,780.17 14.36 1-3 Months 63,641,537.60 5.56 91,460,306.75 6.74 3-6 Months 147,930,997.40 12.93 118,201,006.42 8.71 6-9 Months 83,676,283.14 7.31 31,184,978.20 2.30 9-12 Months 146,738,821.90 12.82 58,488,689.20 4.31 1-2 Years 231,749,903.53 20.25 261,260,532.72 19.26 2-3 Years 221,407,090.85 19.35 178,404,751.18 13.15 3-4 Years 133,348,334.05 11.65 201,629,459.11 14.87 4-5 Years 81,646,781.40 7.13 220,900,367.83 16.29 Total / Average 1,144,455,176.07 100.00 1,356,343,871.58 100.00 Portfolio Holdings as of 3/31/2023 Portfolio Holdings as of 3/29/2024 Market Value Source: US Bank Safekeeping Begin Date: 3/31/2023, End Date: 3/29/2024Actively Managed Portfolio Distribution by Maturity Range - Market Value Butte County CUSIP/Ticker Description Credit Rating 1 Credit Rating 2 Settlement Date Maturity Date YTM @ Cost Face Amount/Shares Market Value Book Value 7954502D6 Sallie Mae 2.75 4/10/2024 NR FDIC Insured 4/10/2019 4/10/2024 2.750 250,000.00 249,716.87 250,000.00 29367RKT2 Enterprise Bank/PA 2.6 5/16/2024 NR FDIC Insured 5/16/2019 5/16/2024 2.600 250,000.00 249,055.55 250,000.00 75472RAE1 Raymond James2 8/23/2024 NR FDIC Insured 8/23/2019 8/23/2024 2.000 250,000.00 246,638.10 250,000.00 46256YBC2 Iowa State Bank 1.8 10/16/2024 NR FDIC Insured 10/16/2019 10/16/2024 1.800 247,000.00 242,344.05 247,000.00 CD Negotiable 2.292 997,000.00 987,754.57 997,000.00 45950VQD1 IFC 0.47 9/3/2024 Moodys-Aaa S&P-AAA 9/3/2021 9/3/2024 0.480 5,000,000.00 4,895,446.60 4,999,752.50 45818WDN3 IADB 3 4/29/2025 Moodys-Aaa S&P-AAA 11/7/2022 4/29/2025 4.725 4,000,000.00 3,916,626.52 3,903,383.59 459058JL8 IBRD 0.5 10/28/2025 Moodys-Aaa S&P-AAA 2/2/2021 10/28/2025 0.475 10,000,000.00 9,355,194.70 10,004,853.46 45950VPJ9 IFC 0.58 1/15/2026 Moodys-Aaa S&P-AAA 1/15/2021 1/15/2026 0.580 5,000,000.00 4,635,310.05 5,000,000.00 45905U5Y6 IBRD 0.6 2/18/2026-22 Moodys-Aaa S&P-AAA 2/18/2021 2/18/2026 0.600 5,000,000.00 4,628,436.40 5,000,000.00 45818WDA1 IADB 0.8 3/4/2026 Moodys-Aaa S&P-AAA 3/11/2021 3/4/2026 0.837 5,000,000.00 4,642,168.55 4,996,383.94 45818WDH6 IADB 0.8 6/17/2026 Moodys-Aaa S&P-AAA 12/8/2021 6/17/2026 1.208 5,000,000.00 4,571,166.40 4,950,513.81 45818WDJ2 IADB 0.8 8/19/2026 Moodys-Aaa S&P-AAA 8/19/2021 8/19/2026 0.805 5,000,000.00 4,526,299.05 4,999,387.50 459058KB8 IBRD Step 11/6/2026-23 Moodys-Aaa S&P-AAA 11/8/2021 11/6/2026 1.616 5,000,000.00 4,704,410.30 5,000,000.00 4581X0EB0 IADB 1.5 1/13/2027 Moodys-Aaa S&P-AAA 1/13/2022 1/13/2027 1.535 5,000,000.00 4,608,259.65 4,994,966.00 45818WED4 IADB 2.98 6/10/2027 Moodys-Aaa S&P-AAA 11/7/2022 6/10/2027 4.590 6,000,000.00 5,710,300.86 5,698,135.10 45950VSR8 IFC 4.5 1/12/2028-26 Moodys-Aaa S&P-AAA 1/12/2024 1/12/2028 4.527 10,000,000.00 9,894,392.60 9,990,000.00 45818WEK8 IADB 4.375 2/24/2028-26 Moodys-Aaa S&P-AAA 6/9/2023 2/24/2028 4.480 7,000,000.00 6,929,688.71 6,973,357.88 45906M4E8 IBRD 4.5 6/26/2028-26 Moodys-Aaa S&P-AAA 6/26/2023 6/26/2028 4.500 10,000,000.00 9,793,164.80 10,000,000.00 459058KT9 IBRD 3.5 7/12/2028 Moodys-Aaa S&P-AAA 8/18/2023 7/12/2028 4.470 10,000,000.00 9,668,119.40 9,611,530.61 45950KDD9 IFC 4.5 7/13/2028 Moodys-Aaa S&P-AAA 10/6/2023 7/13/2028 4.775 10,000,000.00 10,058,095.00 9,889,798.49 4581X0DX3 IADB 1.125 7/20/2028 Moodys-Aaa S&P-AAA 1/11/2024 7/20/2028 4.081 9,643,000.00 8,428,605.23 8,482,451.63 459058JZ7 IBRD 1.125 9/13/2028 Moodys-Aaa S&P-AAA 1/2/2024 9/13/2028 3.929 8,547,000.00 7,440,434.70 7,570,810.28 45906M4H1 IBRD 5.75 9/29/2028-24 Moodys-Aaa S&P-AAA 10/2/2023 9/29/2028 5.750 5,000,000.00 5,007,159.90 5,000,000.00 45950VSQ0 IFC 4 1/8/2029 Moodys-Aaa S&P-AAA 1/8/2024 1/8/2029 4.030 10,000,000.00 9,860,729.20 9,986,540.00 45818WEZ5 IADB 4.125 1/29/2029 Moodys-Aaa S&P-AAA 1/29/2024 1/29/2029 4.172 10,000,000.00 9,899,407.00 9,978,990.00 4581X0EN4 IADB 4.125 2/15/2029 Moodys-Aaa S&P-AAA 2/15/2024 2/15/2029 4.361 10,000,000.00 9,908,717.30 9,894,600.00 Corporate - Supranationals 3.348 160,190,000.00 153,082,132.92 156,925,454.79 931142DP5 Walmart 3.3 4/22/2024-24 Moodys-Aa2 S&P-AA 8/19/2019 4/22/2024 1.943 2,000,000.00 1,997,485.72 2,012,904.81 037833CU2 Apple Inc 2.85 5/11/2024-24 Moodys-Aa1 S&P-AA+5/29/2019 5/11/2024 2.661 5,000,000.00 4,983,962.20 5,004,393.94 023135BW5 Amazon 0.45 5/12/2024-21 Moodys-A1 S&P-AA 10/27/2021 5/12/2024 0.675 5,000,000.00 4,970,347.35 4,994,431.80 931142EL3 Walmart 2.85 7/8/2024-24 Moodys-Aa2 S&P-AA 8/19/2019 7/8/2024 1.886 2,000,000.00 1,985,159.10 2,009,158.61 30231GBC5 Exxon 2.019 8/16/2024-19 Moodys-Aa2 S&P-AA-5/20/2022 8/16/2024 2.830 5,000,000.00 4,939,317.05 4,980,467.99 023135CM6 Amazon 4.7 11/29/2024 Moodys-A1 S&P-AA 11/30/2023 11/29/2024 5.268 5,000,000.00 4,984,972.50 4,972,750.00 24422EVC0 John Deere Capital 2.05 1/5/2025 Moodys-A2 S&P-A 12/9/2020 1/5/2025 0.585 5,000,000.00 4,879,627.25 5,071,464.69 037833DF4 APPLE 2.75 1/13/2025-20 Moodys-Aa1 S&P-AA+2/3/2020 1/13/2025 1.754 5,000,000.00 4,905,466.50 5,047,488.65 037833DT4 Apple 1.125 5/11/2025-20 Moodys-Aa1 S&P-AA+8/21/2020 5/11/2025 0.580 5,000,000.00 4,787,247.20 5,040,261.76 037833DX5 Apple 0.55 8/20/2025-20 Moodys-Aa1 S&P-AA+2/23/2021 8/20/2025 0.664 5,000,000.00 4,708,771.55 4,991,584.42 478160CN2 Johnson & Johnson 0.55 9/1/2025-20 Moodys-Aaa S&P-AAA 1/14/2021 9/1/2025 0.608 5,000,000.00 4,702,363.40 4,995,707.86 478160CN2 Johnson & Johnson 0.55 9/1/2025-20 Moodys-Aaa S&P-AAA 9/8/2021 9/1/2025 0.694 5,000,000.00 4,702,363.40 4,989,354.50 64952WDW0 New York Life Global 0.85 1/15/2026 Moodys-Aaa S&P-AA+1/20/2021 1/15/2026 0.777 5,000,000.00 4,644,976.35 5,007,139.83 64952WDW0 New York Life Global 0.85 1/15/2026 Moodys-Aaa S&P-AA+9/27/2021 1/15/2026 1.119 5,300,000.00 4,923,674.93 5,272,218.14 24422EVK2 John Deere Capital 0.7 1/15/2026 Moodys-A2 S&P-A 1/22/2021 1/15/2026 0.722 5,000,000.00 4,643,795.85 4,997,831.57 037833EB2 Apple Inc 0.7 2/8/2026-21 Moodys-Aa1 S&P-AA+2/8/2021 2/8/2026 0.712 5,000,000.00 4,639,169.55 4,998,824.00 57636QAG9 Mastercard Inc 2.95 11/21/2026-23 Moodys-Aa3 S&P-A+10/2/2023 11/21/2026 5.129 5,695,000.00 5,439,038.68 5,354,891.98 87612EBM7 TARGET 1.95 1/15/2027 Moodys-A2 S&P-A 4/4/2023 1/15/2027 4.110 5,500,000.00 5,111,825.73 5,172,885.38 742718FV6 PROCTER & GAMBLE1.9 2/1/2027-24 Moodys-Aa3 S&P-AA-2/1/2024 2/1/2027 4.312 7,000,000.00 6,511,879.29 6,529,530.00 594918BY9 Microsoft Corp 3.3 2/6/2027-22 Moodys-Aaa S&P-AAA 12/2/2022 2/6/2027 4.265 8,000,000.00 7,755,623.68 7,789,687.23 CD Negotiable BUTTE COUNTY Treasurer's Investment Report Fixed Portfolio Holdings Detail March 29, 2024 Corporate - Supranationals Corporate Notes CUSIP/Ticker Description Credit Rating 1 Credit Rating 2 Settlement Date Maturity Date YTM @ Cost Face Amount/Shares Market Value Book Value 037833CR9 Apple 3.2 5/11/2027-27 Moodys-Aaa S&P-AA+5/8/2023 5/11/2027 3.618 5,000,000.00 4,790,030.05 4,932,459.46 742718EV7 PROCTER & GAMBLE2.85 8/11/2027 Moodys-Aa3 S&P-AA-8/18/2023 8/11/2027 4.760 5,000,000.00 4,741,179.70 4,698,716.68 023135BC9 Amazon 3.15 8/22/2027-27 Moodys-A1 S&P-AA 4/25/2023 8/22/2027 4.100 10,000,000.00 9,533,906.00 9,697,745.66 64952WEY5 NYLIFE 4.85 1/9/2028 Moodys-Aaa S&P-AA+1/17/2023 1/9/2028 4.423 5,000,000.00 4,984,507.95 5,075,857.14 742718FZ7 Procter & Gamble 3.95 1/26/2028-23 Moodys-Aa3 S&P-AA-5/25/2023 1/26/2028 4.062 5,513,000.00 5,437,651.51 5,490,567.57 037833EC0 Apple 1.2 2/8/2028-27 Moodys-Aaa S&P-AA+5/8/2023 2/8/2028 3.694 5,000,000.00 4,418,959.80 4,546,273.68 931142ES8 Walmart 1.5 9/22/2028-23 Moodys-Aa2 S&P-AA 10/2/2023 9/22/2028 4.978 5,000,000.00 4,419,037.65 4,314,215.08 66815L2Q1 Northwestern Mutal Life 4.71 1/10/2029 Moodys-Aaa S&P-AA+1/10/2024 1/10/2029 4.594 5,000,000.00 4,947,935.75 5,025,600.00 6944PL2Z1 Pacific Life 4.9 1/11/2029 Moodys-Aa3 S&P-AA-1/11/2024 1/11/2029 4.798 5,000,000.00 4,992,943.00 5,022,500.00 Corporate Notes 2.920 151,008,000.00 144,483,218.69 148,036,912.43 13063DLZ9 CA State3 4/1/2024 Moodys-Aa3 S&P-AA-4/4/2019 4/1/2024 2.510 5,000,000.00 5,000,000.00 5,011,444.07 919259BM2 City of Vallejo CA Water1.523 5/1/2024 NR S&P-AA 3/31/2020 5/1/2024 1.523 1,500,000.00 1,495,575.00 1,500,000.00 34153QUC8 State of Florida 0.39 6/1/2024 Moodys-Aaa S&P-AAA 10/22/2020 6/1/2024 0.390 5,000,000.00 4,959,300.00 5,000,000.00 238848EK7 Davis Joint USD 5 8/1/2024 Moodys-A1 S&P-AA-5/19/2020 8/1/2024 1.124 1,390,000.00 1,396,449.60 1,416,227.98 801546QU9 County of Stata Clara 2 8/1/2024 Moodys-Aaa S&P-AAA 7/28/2021 8/1/2024 0.450 5,000,000.00 4,944,750.00 5,038,443.21 373385FP3 State of Georgia 0.42 8/1/2024-20 Moodys-Aaa S&P-AAA 8/27/2020 8/1/2024 0.420 5,000,000.00 4,918,050.00 5,000,000.00 798170AG1 SJSDEV 2.958 8/1/2024 NR S&P-AA 1/8/2020 8/1/2024 1.861 2,000,000.00 1,983,220.00 2,010,466.95 419792ZK5 State of Hawaii 0.802 10/1/2024 Moodys-Aa2 S&P-AA+10/29/2020 10/1/2024 0.802 1,000,000.00 977,000.00 1,000,000.00 672240WT1 City of Oakland 1.63 1/15/2025 Moodys-Aa1 S&P-AA 2/27/2020 1/15/2025 1.630 4,890,000.00 4,760,170.50 4,890,000.00 76913CAZ2 County of Riverside 2.667 2/15/2025-20 Moodys-A2 S&P-AA 5/6/2020 2/15/2025 2.667 2,500,000.00 2,446,450.00 2,500,000.00 20772KGP8 STATE OF CONNECTICUT 3.136 4/15/2025 Moodys-A1 S&P-A 4/15/2020 4/15/2025 2.150 3,000,000.00 2,940,120.00 3,041,850.00 68609TMM7 State of Oregon 1.867 5/1/2025-19 Moodys-Aa1 S&P-AA+5/11/2020 5/1/2025 1.000 4,800,000.00 4,640,064.00 4,860,745.48 88213AEL5 Texas A&M University 2.666 5/15/2025 Moodys-Aaa S&P-AAA 10/13/2020 5/15/2025 0.589 2,000,000.00 1,948,320.00 2,061,387.41 88213AKC8 Texas ST A&M University 2.686 5/15/2025 Moodys-Aaa S&P-AAA 5/15/2020 5/15/2025 1.104 3,000,000.00 2,923,140.00 3,069,075.00 34153QUD6 State of Florida 0.55 6/1/2025 Moodys-Aaa S&P-AAA 10/26/2020 6/1/2025 0.620 5,000,000.00 4,746,700.00 4,994,828.40 341271AD6 Florida State Board of Admin Finance Corp 1.258 7/Moodys-Aa3 S&P-AA+2/25/2021 7/1/2025 0.729 8,000,000.00 7,626,960.00 8,062,344.83 373385FQ1 State of Georgia 0.52 8/1/2025-20 Moodys-Aaa S&P-AAA 8/27/2020 8/1/2025 0.520 5,000,000.00 4,722,900.00 5,000,000.00 574193TR9 State of Maryland 0.66 8/1/2025 Moodys-Aaa S&P-AAA 8/5/2020 8/1/2025 0.643 10,000,000.00 9,445,300.00 10,002,495.55 574193TR9 State of Maryland 0.66 8/1/2025 Moodys-Aaa S&P-AAA 11/20/2020 8/1/2025 0.549 5,000,000.00 4,722,650.00 5,008,191.01 882724RA7 State of Texas 5 10/1/2025 Moodys-Aaa S&P-AAA 11/2/2020 10/1/2025 0.560 3,750,000.00 3,754,725.00 4,077,998.87 13063DYW2 State of California 3 11/1/2025 Moodys-Aa2 S&P-AA-11/3/2020 11/1/2025 0.700 5,000,000.00 4,855,750.00 5,225,630.70 56781RJK4 Marin CA Community College 3.245 8/1/2026 Moodys-Aaa S&P-AAA 8/16/2021 8/1/2026 0.873 1,545,000.00 1,497,259.50 1,634,467.18 798170AJ5 San Jose Redevelopment Bond3.176 8/1/2026 None S&P-AA 2/1/2024 8/1/2026 4.365 5,000,000.00 4,816,600.00 4,860,600.00 797272QR5 San Diego CA Community College 2.299 8/2/2026 Moodys-Aaa S&P-AAA 8/16/2021 8/2/2026 0.874 1,735,000.00 1,645,543.40 1,795,428.75 13063DRD2 State of California 2.375 10/1/2026 Moodys-Aa2 S&P-AA-4/25/2023 10/1/2026 4.134 1,000,000.00 948,070.00 951,251.46 13063DRD2 State of California 2.375 10/1/2026 Moodys-Aa2 S&P-AA-3/20/2024 10/1/2026 4.682 10,000,000.00 9,480,700.00 9,455,300.00 649791PS3 State of New York 2.36 2/15/2027-19 Moodys-Aa1 S&P-AA+6/8/2022 2/15/2027 3.335 5,000,000.00 4,697,300.00 4,865,560.17 91412HFP3 Univ. of California 1.366 5/15/2027 Moodys-Aa2 S&P-AA 10/5/2023 5/15/2027 5.174 7,420,000.00 6,729,569.00 6,528,230.15 91412HGF4 University of California 1.316 5/15/2027-20 Moodys-Aa2 S&P-AA 4/11/2023 5/15/2027 3.896 5,835,000.00 5,286,801.75 5,352,225.40 91412HJN4 University of California 1.272 5/15/2027-23 Moodys-Aa2 S&P-AA 6/13/2023 5/15/2027 4.383 3,155,000.00 2,852,877.20 2,842,494.12 12082SDP6 Burbank Unified School Dist. 1.567 8/1/2027 Moodys-Aa2 None 12/6/2022 8/1/2027 4.520 2,555,000.00 2,317,640.50 2,319,193.48 762223MK8 State of Rhode Island 1.35 8/1/2027 Moodys-Aa2 S&P-AA 11/30/2023 8/1/2027 4.605 4,095,000.00 3,694,509.00 3,670,154.75 13063DK49 State of California 1.45 10/1/2027 Moodys-Aa2 S&P-AA-4/25/2023 10/1/2027 4.013 2,000,000.00 1,801,780.00 1,813,846.62 13063DC48 State of California 1.7 2/1/2028 Moodys-Aa2 S&P-AA-2/7/2023 2/1/2028 3.950 10,175,000.00 9,210,104.75 9,351,008.76 13063DC48 State of California 1.7 2/1/2028 Moodys-Aa2 S&P-AA-10/6/2023 2/1/2028 5.079 5,000,000.00 4,525,850.00 4,399,830.22 64990FS96 NY State Dorm Authority 2.657 2/15/2028 Moodys-Aa1 Fitch-AA+5/18/2023 2/15/2028 4.294 3,015,000.00 2,815,648.20 2,837,978.70 9281094F1 Virginia CMWLTH 1.06 6/1/2028 Moodys-Aaa S&P-AAA 12/4/2023 6/1/2028 4.525 2,500,000.00 2,171,850.00 2,151,425.00 762223ML6 State of Rhode Island 1.5 8/1/2028 Moodys-Aa2 S&P-AA 11/30/2023 8/1/2028 4.655 3,150,000.00 2,786,017.50 2,752,111.71 882724XP7 State of Texas 5 10/1/2028 Moodys-Aaa S&P-AAA 11/27/2023 10/1/2028 4.740 5,000,000.00 5,118,950.00 5,055,300.00 Municipal Bonds 2.479 166,010,000.00 157,604,664.90 161,407,535.93 3134GXDY7 FHLMC 0.36 5/24/2024-22 Moodys-Aaa S&P-AA+11/24/2020 5/24/2024 0.360 10,000,000.00 9,925,688.20 10,000,000.00 3133EKNX0 FFCB 2.16 6/3/2024 Moodys-Aaa S&P-AA+6/3/2019 6/3/2024 2.189 5,000,000.00 4,973,261.30 4,999,314.00 3130AWEY2 FHLB 5.14 6/14/2024 Moodys-Aaa S&P-AA+6/14/2023 6/14/2024 5.140 10,000,000.00 9,994,943.00 10,000,000.00 3130ATVC8 FHLB 4.875 6/14/2024 Moodys-Aaa S&P-AA+11/28/2022 6/14/2024 4.822 5,000,000.00 4,994,912.40 5,001,099.10 3135G0V75 FNMA 1.75 7/2/2024 Moodys-Aaa S&P-AA+11/30/2022 7/2/2024 4.632 7,500,000.00 7,431,606.68 7,396,909.09 3130AGPY5 FHLB 1.875 7/3/2024 Moodys-Aaa S&P-AA+7/3/2019 7/3/2024 1.904 5,000,000.00 4,957,202.80 4,999,306.50 3134GV4S4 FHLMC 0.45 7/8/2024-22 Moodys-Aaa S&P-AA+7/8/2020 7/8/2024 0.450 10,000,000.00 9,866,861.50 10,000,000.00 Municipal Bonds US Agency CUSIP/Ticker Description Credit Rating 1 Credit Rating 2 Settlement Date Maturity Date YTM @ Cost Face Amount/Shares Market Value Book Value 3134GV5R5 FHLMC 0.57 7/15/2024-21 Moodys-Aaa S&P-AA+7/15/2020 7/15/2024 0.570 3,545,000.00 3,495,606.59 3,545,000.00 3133EKA63 FFCB 1.6 8/16/2024 Moodys-Aaa S&P-AA+8/16/2019 8/16/2024 1.600 5,000,000.00 4,932,985.40 5,000,000.00 31422BKC3 FAMC 1.65 8/20/2024 NR NR 8/20/2019 8/20/2024 1.650 5,000,000.00 4,932,020.20 5,000,000.00 3130AFBC0 FHLB 3.25 9/13/2024 Moodys-Aaa S&P-AA+11/7/2022 9/13/2024 4.787 8,000,000.00 7,927,418.00 7,941,729.73 3130ATT31 FHLB 4.5 10/3/2024 Moodys-Aaa S&P-AA+11/7/2022 10/3/2024 4.810 5,000,000.00 4,980,661.65 4,985,411.08 3135G0X24 FNMA 1.625 1/7/2025 Moodys-Aaa S&P-AA+1/27/2020 1/7/2025 1.598 5,000,000.00 4,868,017.55 5,001,271.12 3135G0X24 FNMA 1.625 1/7/2025 Moodys-Aaa S&P-AA+12/21/2020 1/7/2025 0.297 5,000,000.00 4,868,017.55 5,065,929.94 3133ENZ37 FFCB 4.875 1/10/2025 Moodys-Aaa S&P-AA+12/14/2022 1/10/2025 4.470 5,500,000.00 5,487,555.10 5,521,097.88 3137EAEP0 FHLMC 1.5 2/12/2025 Moodys-Aaa S&P-AA+6/8/2021 2/12/2025 0.481 5,000,000.00 4,847,130.25 5,050,439.43 3137EAEP0 FHLMC 1.5 2/12/2025 Moodys-Aaa S&P-AA+12/14/2022 2/12/2025 4.300 2,000,000.00 1,938,852.10 1,947,047.61 3134GVSY5 FHLMC 0.7 5/13/2025-21 Moodys-Aaa S&P-AA+5/18/2020 5/13/2025 0.700 10,000,000.00 9,537,028.00 10,000,000.00 880591EW8 TVA 0.75 5/15/2025 Moodys-Aaa S&P-AA+6/8/2020 5/15/2025 0.567 5,000,000.00 4,770,878.75 5,013,522.79 880591EW8 TVA 0.75 5/15/2025 Moodys-Aaa S&P-AA+7/27/2021 5/15/2025 0.494 5,000,000.00 4,770,878.75 5,018,927.63 3134GVB56 FHLMC 0.7 6/10/2025-21 Moodys-Aaa S&P-AA+6/10/2020 6/10/2025 0.700 7,500,000.00 7,125,550.20 7,500,000.00 3134GYES7 FHLMC 4.875 7/18/2025-23 Moodys-Aaa S&P-AA+5/19/2023 7/18/2025 4.941 5,000,000.00 5,000,658.70 4,995,155.93 3134GWAU0 FHLMC 0.5 7/23/2025-21 Moodys-Aaa S&P-AA+7/23/2020 7/23/2025 0.530 10,000,000.00 9,449,335.30 9,995,500.00 3134GXJ62 FHLMC 3.55 7/28/2025-23 Moodys-Aaa S&P-AA+7/28/2022 7/28/2025 3.550 10,000,000.00 9,827,237.70 10,000,000.00 3134GW7B6 FHLMC 0.5 7/29/2025-21 Moodys-Aaa S&P-AA+10/30/2020 7/29/2025 0.500 10,000,000.00 9,431,511.50 10,000,000.00 3136G4H63 FNMA 0.55 8/19/2025-22 Moodys-Aaa S&P-AA+8/19/2020 8/19/2025 0.550 10,000,000.00 9,421,237.30 10,000,000.00 3135G05X7 FNMA 0.375 8/25/2025 Moodys-Aaa S&P-AAA 2/12/2021 8/25/2025 0.433 5,000,000.00 4,699,554.65 4,995,696.20 3130A8ZQ9 FHLB 1.75 9/12/2025 Moodys-Aaa S&P-AA+11/23/2022 9/12/2025 4.363 6,000,000.00 5,742,216.66 5,780,778.20 3134GXGW8 FHLMC 0.5 9/15/2025-21 Moodys-Aaa S&P-AA+12/15/2020 9/15/2025 0.500 5,000,000.00 4,696,725.60 5,000,000.00 31422B6K1 FAMC 0.48 1/15/2026 NR NR 1/15/2021 1/15/2026 0.496 10,000,000.00 9,274,502.70 9,996,840.00 3130AKNG7 FHLB 0.55 1/28/2026-21 Moodys-Aaa S&P-AA+1/28/2021 1/28/2026 0.591 7,750,000.00 7,173,589.26 7,743,800.00 3133EMPU0 FFCB 0.5 2/4/2026-21 Moodys-Aaa S&P-AA+2/4/2021 2/4/2026 0.530 10,000,000.00 9,238,360.50 9,994,000.00 3130AKXX9 FHLB 0.5 2/25/2026-22 Moodys-Aaa S&P-AA+2/25/2021 2/25/2026 0.500 5,000,000.00 4,626,570.90 5,000,000.00 3135G0K36 FNMA 2.125 4/24/2026 Moodys-Aaa S&P-AA+12/28/2022 4/24/2026 4.110 5,000,000.00 4,753,719.20 4,770,168.90 3130AMBE1 FHLB 1.02 5/12/2026-21 Moodys-Aaa S&P-AA+5/12/2021 5/12/2026 1.020 10,000,000.00 9,263,545.50 10,000,000.00 3130AMEJ7 FHLB Step 5/26/2026-22 Moodys-Aaa S&P-AA+5/26/2021 5/26/2026 0.997 10,000,000.00 9,290,977.20 10,000,000.00 3130ANSA9 FHLB 0.875 8/26/2026-22 Moodys-Aaa S&P-AA+8/26/2021 8/26/2026 0.878 2,750,000.00 2,507,337.75 2,749,793.75 3130ANVG2 FHLB Step 8/28/2026-23 Moodys-Aaa S&P-AA+8/30/2021 8/28/2026 0.887 5,000,000.00 4,610,070.35 5,000,000.00 31422XNB4 FAMC 0.86 9/30/2026 NR NR 9/30/2021 9/30/2026 0.860 5,000,000.00 4,565,464.80 5,000,000.00 3130APDK8 FHLB 1.1 9/30/2026-22 Moodys-Aaa S&P-AA+10/14/2021 9/30/2026 1.121 5,000,000.00 4,583,684.25 4,996,976.48 31424WAN2 FAMC 5 10/13/2026 NR NR 10/13/2023 10/13/2026 5.000 5,000,000.00 5,044,818.20 5,000,000.00 3133EMEF5 FFCB 0.5 10/22/2026 Moodys-Aaa S&P-AA+6/9/2023 10/22/2026 4.127 2,000,000.00 1,805,038.16 1,798,779.88 3133EN4X5 FFCB 3.875 12/23/2026 Moodys-Aaa S&P-AA+12/27/2022 12/23/2026 4.011 10,000,000.00 9,840,503.30 9,962,545.96 3133EN5V8 FFCB 4.125 1/11/2027 Moodys-Aaa S&P-AA+1/11/2023 1/11/2027 4.135 10,000,000.00 9,911,967.70 9,997,375.00 3133ENNS5 FFCB 1.8 2/16/2027 Moodys-Aaa S&P-AA+2/16/2022 2/16/2027 1.807 10,000,000.00 9,288,922.60 9,998,020.00 3133EPJP1 FFCB 3.625 5/12/2027 Moodys-Aaa S&P-AA+5/12/2023 5/12/2027 3.671 5,000,000.00 4,880,171.90 4,992,562.50 3130AVQS4 FHLB 3.71 7/9/2027 Moodys-Aaa S&P-AA+4/20/2023 7/9/2027 3.710 10,000,000.00 9,792,340.40 10,000,000.00 31424WCM2 FAMC 4.48 7/15/2027 NR NR 11/30/2023 7/15/2027 4.480 5,000,000.00 5,003,823.55 5,000,000.00 31424WCL4 FAMC 4.46 12/1/2027 NR NR 12/1/2023 12/1/2027 4.460 5,000,000.00 5,002,416.45 5,000,000.00 3133EN4S6 FFCB 3.75 12/22/2027 Moodys-Aaa S&P-AA+12/23/2022 12/22/2027 3.880 10,000,000.00 9,764,140.00 9,953,125.96 3135GA6Q9 FNMA 1 12/29/2027-23 Moodys-Aaa S&P-AA+11/29/2023 12/29/2027 4.757 5,000,000.00 4,402,685.85 4,324,179.59 3133EN5N6 FFCB 4 1/6/2028 Moodys-Aaa S&P-AA+1/6/2023 1/6/2028 4.017 10,000,000.00 9,874,524.70 9,993,840.00 880591EZ1 TVA 3.875 3/15/2028 Moodys-Aaa S&P-AA+12/8/2023 3/15/2028 4.216 5,000,000.00 4,915,101.30 4,937,931.03 3133EPJD8 FFCB 3.6 5/9/2028 Moodys-Aaa S&P-AA+5/9/2023 5/9/2028 3.612 10,000,000.00 9,722,690.10 9,995,140.00 3134GYT28 FHLMC 4.55 5/30/2028-25 Moodys-Aaa S&P-AA+5/30/2023 5/30/2028 4.550 20,000,000.00 19,700,746.40 20,000,000.00 3130AMQ39 FHLB 1.45 6/14/2028-23 Moodys-Aaa S&P-AA+11/29/2023 6/14/2028 4.762 5,000,000.00 4,419,705.85 4,336,889.91 3133EPSK2 FFCB 4.25 8/7/2028 Moodys-Aaa S&P-AA+8/7/2023 8/7/2028 4.325 5,000,000.00 4,991,963.85 4,984,970.00 31422X5V0 FAMC 4.43 8/7/2028 NR NR 8/7/2023 8/7/2028 4.430 5,000,000.00 5,027,310.65 5,000,000.00 31422X6F4 FAMC 4.475 8/18/2028 NR NR 8/18/2023 8/18/2028 4.475 15,000,000.00 15,109,550.85 15,000,000.00 3130AX5Y0 FHLB 5.62 9/11/2028-24 Moodys-Aaa S&P-AA+9/11/2023 9/11/2028 5.620 5,000,000.00 5,006,046.65 5,000,000.00 3133EPWK7 FFCB 4.5 9/22/2028 Moodys-Aaa S&P-AA+9/22/2023 9/22/2028 4.503 5,000,000.00 5,042,777.05 4,999,415.00 31424WAP7 FAMC 4.83 10/13/2028 NR NR 10/13/2023 10/13/2028 4.830 5,000,000.00 5,110,833.55 5,000,000.00 3134H1EZ2 FHLMC 5 10/18/2028-24 Moodys-Aaa S&P-AA+10/18/2023 10/18/2028 5.172 7,500,000.00 7,498,286.70 7,443,750.00 3130AXVE5 FHLB 5.35 11/28/2028 Moodys-Aaa S&P-AA+11/28/2023 11/28/2028 5.350 5,000,000.00 5,012,495.65 5,000,000.00 31424WEM0 FAMC 4 1/8/2029 NR NR 1/8/2024 1/8/2029 4.000 5,000,000.00 4,941,891.40 5,000,000.00 3130AYCG9 FHLB 4.625 1/18/2029-25 Moodys-Aaa S&P-AA+1/18/2024 1/18/2029 4.625 15,000,000.00 14,886,614.40 15,000,000.00 CUSIP/Ticker Description Credit Rating 1 Credit Rating 2 Settlement Date Maturity Date YTM @ Cost Face Amount/Shares Market Value Book Value 3130AYRG3 FHLB 4.4 2/5/2029-26 Moodys-Aaa S&P-AA+2/5/2024 2/5/2029 4.400 10,000,000.00 9,928,288.30 10,000,000.00 US Agency 2.891 475,045,000.00 460,709,031.30 472,724,240.19 912828WJ5 T-Note 2.5 5/15/2024 Moodys-Aaa S&P-AA+7/12/2022 5/15/2024 3.086 25,000,000.00 24,913,261.75 24,929,487.25 9128286Z8 T-Note 1.75 6/30/2024 Moodys-Aaa S&P-AA+4/21/2022 6/30/2024 2.635 10,000,000.00 9,910,677.10 9,957,397.00 912828Y87 T-Note 1.75 7/31/2024 Moodys-Aaa S&P-AA+3/1/2021 7/31/2024 0.420 10,000,000.00 9,882,421.90 10,065,785.42 912828Y87 T-Note 1.75 7/31/2024 Moodys-Aaa S&P-AA+7/1/2022 7/31/2024 3.060 10,000,000.00 9,882,421.90 9,937,220.76 912828D56 T-Note 2.375 8/15/2024 Moodys-Aaa S&P-AA+7/12/2022 8/15/2024 3.110 10,000,000.00 9,890,136.70 9,964,778.39 91282CCX7 T-Note 0.375 9/15/2024 Moodys-Aaa S&P-AA+4/21/2022 9/15/2024 2.704 10,000,000.00 9,782,617.20 9,887,357.63 91282CDS7 T-Note 1.125 1/15/2025 Moodys-Aaa S&P-AA+2/5/2024 1/15/2025 4.677 10,000,000.00 9,693,554.70 9,676,171.88 9128283Z1 T-Note 2.75 2/28/2025 Moodys-Aaa S&P-AA+4/21/2022 2/28/2025 2.767 10,000,000.00 9,793,847.70 9,998,361.17 912828XB1 T-Note 2.125 5/15/2025 Moodys-Aaa S&P-AA+2/5/2024 5/15/2025 4.452 10,000,000.00 9,692,187.50 9,714,453.13 91282CEU1 T-Note 2.875 6/15/2025 Moodys-Aaa S&P-AA+2/5/2024 6/15/2025 4.412 10,000,000.00 9,758,984.40 9,799,218.75 91282CEY3 T-Note 3 7/15/2025 Moodys-Aaa S&P-AA+2/5/2024 7/15/2025 4.366 10,000,000.00 9,766,796.90 9,810,937.50 91282CCP4 T-Note 0.625 7/31/2026 Moodys-Aaa S&P-AA+3/22/2022 7/31/2026 2.353 10,000,000.00 9,141,015.60 9,591,834.17 91282CCP4 T-Note 0.625 7/31/2026 Moodys-Aaa S&P-AA+3/23/2022 7/31/2026 2.398 10,000,000.00 9,141,015.60 9,581,725.33 91282CCP4 T-Note 0.625 7/31/2026 Moodys-Aaa S&P-AA+4/21/2022 7/31/2026 2.885 10,000,000.00 9,141,015.60 9,472,467.19 9128282A7 T-Note 1.5 8/15/2026 Moodys-Aaa S&P-AA+6/23/2023 8/15/2026 4.254 2,000,000.00 1,864,375.00 1,872,506.53 91282CCZ2 T-Note 0.875 9/30/2026 Moodys-Aaa S&P-AA+9/30/2021 9/30/2026 0.921 5,000,000.00 4,577,343.75 4,993,317.88 91282CDG3 T-Note 1.125 10/31/2026 Moodys-Aaa S&P-AA+6/23/2023 10/31/2026 4.218 2,000,000.00 1,837,500.00 1,828,750.00 912828Z78 T-Note 1.5 1/31/2027 Moodys-Aaa S&P-AA+6/26/2023 1/31/2027 4.178 1,000,000.00 922,460.94 926,160.65 912828X88 T-Note 2.375 5/15/2027 Moodys-Aaa S&P-AA+12/29/2022 5/15/2027 4.028 10,000,000.00 9,414,062.50 9,474,326.31 91282CET4 T-Note 2.625 5/31/2027 Moodys-Aaa S&P-AA+6/23/2023 5/31/2027 4.126 1,000,000.00 948,007.81 951,952.80 91282CFB2 T-Note 2.75 7/31/2027 Moodys-Aaa S&P-AA+12/29/2022 7/31/2027 4.004 10,000,000.00 9,500,781.20 9,602,724.35 91282CFB2 T-Note 2.75 7/31/2027 Moodys-Aaa S&P-AA+6/23/2023 7/31/2027 4.111 7,500,000.00 7,125,585.90 7,174,547.09 91282CAH4 T-Note 0.5 8/31/2027 Moodys-Aaa S&P-AA+12/29/2022 8/31/2027 3.999 5,000,000.00 4,394,335.95 4,446,505.44 91282CFM8 T-Note 4.125 9/30/2027 Moodys-Aaa S&P-AA+12/28/2022 9/30/2027 3.960 8,000,000.00 7,941,250.00 8,047,312.18 91282CFU0 T-Note 4.125 10/31/2027 Moodys-Aaa S&P-AA+6/23/2023 10/31/2027 4.077 1,000,000.00 992,500.00 1,001,721.79 91282CGC9 T-Note 3.875 12/31/2027 Moodys-Aaa S&P-AA+1/3/2023 12/31/2027 4.020 8,000,000.00 7,874,687.52 7,958,426.02 91282CGH8 T-Note 3.5 1/31/2028 Moodys-Aaa S&P-AA+6/23/2023 1/31/2028 4.037 4,250,000.00 4,127,646.50 4,167,420.99 US Treasury 3.303 219,750,000.00 211,910,491.62 214,832,867.60 Total / Average 2.976 1,173,000,000.00 1,128,777,294.00 1,154,924,010.94 Duration To Maturity 2.21 Market Value Source: US Bank Safekeeping* Duration To Maturity Source: Tracker FAMC Securities: US Government Agency/Not Rated US Treasury Treasurer – Tax Collector Troy Kidd, Treasurer-Tax Collector Treasury Division 25 County Center Drive, Suite 125 T: 530.552.3730 Oroville, California 95965-3384 F: 530.538.6450 buttecounty.net/ttc April 15,2024 Butte County Board of Supervisors Butte County Chief Administrative Officer Investment Pool Oversight Committee The attached statements showing investment transactions for the month ending March 29,2024 are submitted in accordance with Government Code, and with Local Agency Investment Guidelines as provided by the California Debt and Investment Advisory Commission. The Investment Policy effective July 1, 2023 includes a provision for monthly reporting of investment transactions to the Board of Supervisors. In addition to the above, Investment Reports are submitted on a monthly basis. Quarterly Investment Reports are also made available on the Treasurer-Tax Collector website at http://www.buttecounty.net/ttc. If you have any questions regarding investment reporting, please feel free to contact me, or Kiley Patterson, at 530.552.3730. Yours truly, Troy Kidd Troy Kidd Butte County Treasurer-Tax Collector Monthly Investment Transaction Reporting Table of Contents Local Agency Investment Fund  Butte County Treasurer  Butte Community College District  Paradise Unified School District  Oroville Union School District  Chico Unified School District  Butte County Office of Education CAMP US Bank Safekeeping Acct Name:BUTTE COUNTY TREASURER SUMMARY - USD Page 1 Acct Number:XXXXXXX638 For period 03/01/2024 - 03/31/2024 ACTIVITY - Settled/Cleared Cash Activity Transaction Type Amount Your Sales Representative is:SAFEKEEPING OPERATIONS Purchases 0.00 (800) 236-4221 Purchase Reversals 0.00 Sales 0.00 Statement Contents Sale Reversals 0.00 *Summary Withdrawals 0.00 *Activity - Settled/Cleared Cash Activity Receipts (9,566,793.06) *Activity - Projected Activity for Next Statement Period Deliveries 0.00 *Holdings Principal Reversals 0.00 *Cash Flow Projections Interest 1,639,082.11 Interest Reversals 0.00 Interest Adjustments 0.00 Maturities 49,450,000.00 Calls 0.00 Puts 0.00 Paydowns 0.00 Paydown Adjustments 0.00 Payups 0.00 Payup Adjustments 0.00 Cash Dividends 0.00 Balance Changes 0.00 Stock Dividends 0.00 Closeouts 0.00 Closeout Dividends 0.00 Net Activity 41,522,289.05 HOLDINGS - Custody Category Par/Shares Original Face Principal Cost Market Value Domestic Time Deposits 997,000.00000 997,000.00000 997,000.00 987,754.57 Treasury Obligations 219,750,000.00000 219,750,000.00000 212,561,129.32 211,910,491.62 US Government Agency Securities 475,045,000.00000 475,045,000.00000 472,288,146.00 460,709,031.30 Non US Government Agency Securities 160,190,000.00000 160,190,000.00000 156,629,211.80 153,082,132.92 Corporate Securities 151,008,000.00000 151,008,000.00000 148,152,668.40 144,483,218.69 Account Name:BUTTE COUNTY TREASURER SUMMARY - USD Page 2 Account Number:XXXXXXX638 For period 03/01/2024 - 03/31/2024 HOLDINGS - Custody Category Par/Shares Original Face Principal Cost Market Value Municipal Securities 166,010,000.00 166,010,000.00 162,954,971.65 157,604,664.90 Total Custody Holdings 1,173,000,000.00000 1,173,000,000.00 1,153,583,127.17 1,128,777,294.00 Acct Name:BUTTE COUNTY TREASURER ACTIVITY - USD Page 3 Acct Number:XXXXXXX638 Settled/Cleared Cash Activity For period 03/01/2024 - 03/31/2024 Date Activity Description Rate Par/Shares Security ID Amount Ticket Maturity Price/NAV 03/01/2024 Interest JOHNSON & JOHNSON .550 478160CN2 13,750.00 751008143 09/01/2025 03/01/2024 Interest JOHNSON & JOHNSON .550 478160CN2 13,750.00 819020678 09/01/2025 03/04/2024 Interest INTER-AMERICAN DEV BANK .800 45818WDA1 20,000.00 392215600 03/04/2026 03/04/2024 Interest INTL FINANCE CORP .470 45950VQD1 11,750.00 819020663 09/03/2024 03/08/2024 Interest FEDERAL HOME LOAN BANK 3.250 3130A0XE5 81,250.00 392201324 03/08/24 03/08/2024 03/08/2024 Maturity FEDERAL HOME LOAN BANK 3.250 3130A0XE5 5,000,000.00 392201324 03/08/24 03/08/2024 03/11/2024 Interest FEDERAL HOME LOAN BANKS 5.620 3130AX5Y0 140,500.00 392230265 CONS BD 5.62%28 09/11/2028 03/12/2024 Interest FEDERAL HOME LOAN BANK 1.750 3130A8ZQ9 52,500.00 751016063 1.75%25 09/12/2025 03/13/2024 Interest FEDERAL HOME LOAN BANKS 3.250 3130AFBC0 130,000.00 392225428 CONS BD 3.25%24 09/13/2024 03/13/2024 Interest FEDERAL HOME LOAN BANKS 5.375 3130AVCN0 403,125.00 392227505 CONS BD 5.375%24 03/13/2024 03/13/2024 Maturity FEDERAL HOME LOAN BANKS 5.375 3130AVCN0 15,000,000.00 392227505 CONS BD 5.375%24 03/13/2024 03/13/2024 Interest INTERNATIONAL BK FOR RECON&DEV 1.125 459058JZ7 48,119.61 931000876 GLBL 101399 NT28 09/13/2028 03/15/2024 Interest EXXON MOBIL CORPORATION 3.176 30231GAC6 39,700.00 392205903 SR UNSECURED 03/15/2024 03/15/2024 Maturity EXXON MOBIL CORPORATION 3.176 30231GAC6 2,500,000.00 392205903 SR UNSECURED 03/15/2024 Acct Name:BUTTE COUNTY TREASURER ACTIVITY - USD Page 4 Acct Number:XXXXXXX638 Settled/Cleared Cash Activity For period 03/01/2024 - 03/31/2024 Date Activity Description Rate Par/Shares Security ID Amount Ticket Maturity Price/NAV 03/15/2024 Interest MARYLAND ST GO TXBL SER B .970 574193SP4 12,125.00 392210565 03/15/2024 03/15/2024 Maturity MARYLAND ST GO TXBL SER B .970 574193SP4 2,500,000.00 392210565 03/15/2024 03/15/2024 Interest PFIZER INC 2.950 717081ES8 65,637.50 392222370 SR GLBL NT 24 03/15/2024 03/15/2024 Maturity PFIZER INC 2.950 717081ES8 4,450,000.00 392222370 SR GLBL NT 24 03/15/2024 03/15/2024 Interest U S TREASURY NOTE .375 91282CCX7 18,750.00 392223454 .375 NOTE 9/15/2024 09/15/2024 03/15/2024 Interest TENNESSEE VALLEY AUTH FED BE 3.875 880591EZ1 96,875.00 931000411 GLBL -A BD 28 03/15/2028 03/19/2024 Interest INTL BK RECON & DEVELOP 2.500 459058GQ0 62,500.00 392202150 03/19/24 03/19/2024 03/19/2024 Maturity INTL BK RECON & DEVELOP 2.500 459058GQ0 5,000,000.00 392202150 03/19/24 03/19/2024 03/20/2024 Receipt CALIFORNIA ST GO UNLTD TXBL 2.375 10,000,000.00000 13063DRD2 (9,566,793.06) 819031170 BID GROUP A 10/01/2026 94.553000 03/22/2024 Interest FEDERAL FARM CR BKS 4.500 3133EPWK7 112,500.00 819029468 CONS BD 4.5%28 09/22/2028 03/22/2024 Interest WALMART INC 1.500 931142ES8 37,500.00 819029830 SR GLBL NT1.5%28 09/22/2028 03/28/2024 Interest FEDERAL HOME LN MTG CORP 1.800 3134GXMZ4 135,000.00 392222903 CALL 1.8%032824 03/28/2024 03/28/2024 Maturity FEDERAL HOME LN MTG CORP 1.800 3134GXMZ4 15,000,000.00 392222903 CALL 1.8%032824 03/28/2024 03/29/2024 Interest INTERNATIONAL BK FOR RECON&DEV 5.750 45906M4H1 143,750.00 819029824 092928 09/29/2028 Net Activity 41,522,289.05 Acct Name:BUTTE COUNTY TREASURER ACTIVITY - USD Page 5 Acct Number:XXXXXXX638 Projected Activity for Next Statement Period Date Activity Description Rate Par/Shares Security ID Amount Ticket Maturity Price/NAV 04/01/2024 Interest CALIFORNIA ST GO UNLTD TXBL 3.000 13063DLZ9 75,000.00 392202134 VARIOUS PURPOSE BID GROUP B 04/01/2024 04/01/2024 Maturity CALIFORNIA ST GO UNLTD TXBL 3.000 13063DLZ9 5,000,000.00 392202134 VARIOUS PURPOSE BID GROUP B 04/01/2024 04/01/2024 Interest FARMER MAC .860 31422XNB4 21,500.00 392218862 09/30/26 09/30/2026 04/01/2024 Interest U S TREASURY NOTE .875 91282CCZ2 21,875.00 392218954 .875 NOTE 2026 09/30/2026 04/01/2024 Interest FEDERAL HOME LOAN BANK 1.100 3130APDK8 27,500.00 392219713 09/30/26 09/30/2026 04/01/2024 Interest US TREASURY NOTE 4.125 91282CFM8 165,000.00 392225799 09/30/2027 04/01/2024 Interest HAWAII ST GO TXBL SER GB .802 419792ZK5 4,010.00 799014822 10/01/2024 04/01/2024 Interest TEXAS ST GO TXBL REF 5.000 882724RA7 93,750.00 799014953 10/01/2025 04/01/2024 Interest CALIFORNIA ST GO TXBL BID 1.450 13063DK49 14,500.00 819027533 GROUP A 10/01/2027 04/01/2024 Interest CALIFORNIA ST GO UNLTD TXBL 2.375 13063DRD2 11,875.00 819027534 BID GROUP A 10/01/2026 04/01/2024 Interest CALIFORNIA ST GO UNLTD TXBL 2.375 13063DRD2 118,750.00 819031170 BID GROUP A 10/01/2026 04/01/2024 Interest TEXAS ST GO N/C 5.000 882724XP7 125,000.00 931000167 REF TAXABLE PUB FIN AUTH 2021 10/01/2028 04/03/2024 Interest FEDERAL HOME LOAN BANKS 4.500 3130ATT31 112,500.00 392225430 10/03/2024 04/10/2024 Interest SALLIE MAE BANK/SALT LAKE 2.750 7954502D6 3,446.92 392202225 CERTIFICATE OF DEPOSIT 04/10/2024 Acct Name:BUTTE COUNTY TREASURER ACTIVITY - USD Page 6 Acct Number:XXXXXXX638 Projected Activity for Next Statement Period Date Activity Description Rate Par/Shares Security ID Amount Ticket Maturity Price/NAV 04/10/2024 Maturity SALLIE MAE BANK/SALT LAKE 2.750 7954502D6 250,000.00 392202225 CERTIFICATE OF DEPOSIT 04/10/2024 04/15/2024 Interest CONNECTICUT ST SER A GO UNLTD 3.136 20772KGP8 47,040.00 799012733 04/15/2025 04/15/2024 Interest FARMER MAC 5.000 31424WAN2 125,000.00 819029889 SNR NTS USD (SEC REGD) 10/13/2026 04/15/2024 Interest FARMER MAC 4.830 31424WAP7 120,750.00 819029890 SNR NTS USD (SEC REGD) 10/13/2028 04/16/2024 Interest IOWA STATE BANK CLARKSVILLE 1.800 46256YBC2 2,229.09 392206680 CERTIFICATE OF DEPOSIT 10/16/2024 04/18/2024 Interest FEDERAL HOME LN MTG CORP 5.000 3134H1EZ2 187,500.00 819029964 CALL 5%101828 10/18/2028 04/22/2024 Interest WALMART INC 3.300 931142DP5 33,000.00 392205204 04/22/2024 04/22/2024 Maturity WALMART INC 3.300 931142DP5 2,000,000.00 392205204 04/22/2024 04/22/2024 Interest FEDERAL FARM CR BKS .500 3133EMEF5 5,000.00 392228508 CONS BD 0.5%26 10/22/2026 04/24/2024 Interest FEDERAL NATL MORTGAGE ASSN 2.125 3135G0K36 53,125.00 392225800 04/24/26 04/24/2026 04/29/2024 Interest INTER-AMERICAN DEV BK 3.000 45818WDN3 60,000.00 392225431 GLBL -830 NT3%25 04/29/2025 04/29/2024 Interest FEDERAL HOME LOAN MTG CORP .500 3134GW7B6 25,000.00 799014887 07/29/25 07/29/2025 04/29/2024 Interest INTL BANK RECON & DEVELOP .500 459058JL8 25,000.00 799015973 10/28/2025 10/28/2025 04/30/2024 Interest U.S. TREASURY NOTES 1.125 91282CDG3 11,250.00 392228693 1.125 NOTE 2026 10/31/2026 Acct Name:BUTTE COUNTY TREASURER ACTIVITY - USD Page 7 Acct Number:XXXXXXX638 Projected Activity for Next Statement Period Date Activity Description Rate Par/Shares Security ID Amount Ticket Maturity Price/NAV 04/30/2024 Interest US TREASURY NOTE 4.125 91282CFU0 20,625.00 392228696 4.125 NOTE 2027 10/31/2027 Net Projected Activity 8,760,226.01