HomeMy WebLinkAbout4.3 - 3474 Q1 FY 20-21 Investment Report
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STAFF REPORT
CITY COUNCIL
DATE: November 17, 2020
TO: Honorable Mayor and City Councilmembers
FROM:
Linda Smith, City Manager
SUBJECT:
City Treasurer's Informational Report of Investments for the Quarter
Ending September 30, 2020
Prepared by: Chris Rhoades, Financial Analyst
EXECUTIVE SUMMARY:
The City Council will receive an informational report of the City’s investments through
the quarter ending September 30, 2020 including a monthly transaction ledger. The
City’s investment portfolio for this period totaled $296,195,245 (book value) with an
average market yield of 0.34%. As required by the Policy, the City Treasurer
(Administrative Services Director) affirms that the City is able to meet its expenditure
requirements for the next six months.
STAFF RECOMMENDATION:
Receive the report.
FINANCIAL IMPACT:
There is no financial impact resulting from this report. Investments are made in
accordance with the City Investment Policy and State Law. Interest earned is
apportioned between funds (i.e. General Fund, Gas Tax Fund, etc.) based upon their
proportionate share of the total cash balance. Based on the financial needs of the City
including the timing of revenues and expenditures, the quarterly cash balance can vary
from quarter to quarter.
DESCRIPTION:
The total investment portfolio (book value) consists of $208,235,469 managed by
Chandler Asset Management (Chandler), and $87,959,776 invested by the City in local
government pools. The average market yield of the Chandler portfolio and the local
pools was 0.30% and 0.48% respectively. The total investment portfolio balance
fluctuates throughout the year due to normal cash flow needs and includes both
discretionary and restricted funds.
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Economic Update Highlights
The following are some highlights from the Economic Update included in the attached
Investment Report prepared by Chandler (Attachment 1).
The economy experienced a strong rebound in the third quarter, following a steep
decline in activity in the second quarter, but Chandler believes GDP remains well below
its pre-pandemic peak. Economic data has recently softened, and Chandler anticipates
the path to a full economic recovery may be uneven. In Chandler’s view, the outlook for
the economy hinges largely on the course of the pandemic, the timing and amount of
additional fiscal relief, and the timeline for a vaccine. With jobless claims remaining
elevated and the prospect of additional fiscal relief waning in the near-term, Chandler
believes the underlying fundamentals of the economy remain vulnerable and economic
data may soften. Chandler thinks additional fiscal stimulus is likely, but the timeline has
been pushed out. Nevertheless, Chandler remains optimistic about the progress toward
a vaccine and therapeutic treatments for the virus, which will help propel the economic
recovery next year. Chandler also expects the Fed’s highly accommodative monetary
policy framework will continue to provide support for the financial markets.
The Federal Open Market Committee (FOMC) kept monetary policy unchanged in
September with the fed funds target rate in a range of 0.0% to 0.25%. Monetary policy
remains highly accommodative and Fed Chair Powell maintained a dovish tone during
his press conference. The Fed will continue to use its balance sheet to support smooth
financial market functioning by purchasing Treasury and agency mortgage-backed
securities and will continue to use its lending facilities to support the flow of credit to
businesses and municipalities, as needed. In the September policy statement, the
FOMC noted that inflation continues to run below its 2.0% target, as weaker demand
and lower oil prices are holding down consumer prices. Longer-term, the FOMC will
allow inflation to run above 2.0% for some period of time before it looks to tighten policy,
which implies the fed funds target rate will remain anchored near zero for years. The
Fed’s updated summary of economic projections signals that the target fed funds rate
will remain unchanged through at least 2023, as policymakers do not expect inflation to
exceed 2.0% during that timeframe.
On a year-to-date basis, the yield on 2-year Treasuries was down 144 basis points to
0.13% and the yield on 10-year Treasuries was down about 123 basis points to 0.68%
at the end of September. In September, the Treasury yield curve was little changed on a
month-over-month basis, following moderate curve steepening in August. The yield
curve has steepened further in October, driven by a moderate increase in longer-term
rates as the front end of the curve remains anchored near 0.0%.
City of Dublin Portfolio
The City's portfolio managed by Chandler has maintained a healthy balance of
investment types with minimal change from the prior quarter as shown below in Chart 1.
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Chart 1: Investments by Type
September 30, 2020 vs June 30, 2020
The market value of the City's portfolio decreased by $13,953,154 from the June 30,
2020 quarter. The quarterly decrease was due to normal fluctuations in the timing of
incoming revenues, in addition to the City prepaying a portion of the annual retirement
contribution and the purchase of replacement fire vehicles. The City’s portfolio
increased $16.3 million from the same quarter the prior year due to the excess of
revenues over expenditures trending on an annual basis (see Table 1 below). Overall
market yield-to-maturity decreased from 0.50% to 0.34% (shown in Table 2) due to the
factors discussed in the Economic Update Highlights. For detailed monthly transactions,
see Attachment 2. It should be noted that the City is no longer required to differentiate
between foreign and United States (US) based corporations for reporting purposes.
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Table 1: Portfolio Values and Yield to Maturity
Table 2: Quarterly Holdings (Market Value) by Type, and YTM, 5 Quarters
Holdings (Market Value)9/30/19 12/31/19 3/31/20 6/30/20 9/30/20
LAIF/CAMP 81,046,713 91,985,684 86,625,886 102,457,734 87,959,776
ABS 14,786,753 15,224,454 13,963,788 10,752,557 10,967,071
Agency 67,588,201 67,108,075 73,363,097 78,621,769 86,962,937
Commercial Paper 4,128,054 4,115,091 4,134,975 - -
Foreign Corporate 6,448,272 6,463,483 - - -
Money Market 2,638,645 337,867 1,416,205 2,018,086 287,330
Negotiable CD - - - - -
Supranational 4,523,166 4,520,176 4,626,095 6,913,320 6,901,940
Corporate 46,208,933 43,978,777 49,536,671 51,557,374 48,948,015
US Treasury 60,001,424 65,485,135 65,660,509 65,288,940 61,909,753
Accrued Interest 1,186,163 1,259,749 1,091,397 1,203,899 923,702
TOTAL 288,556,322 300,478,490 300,418,622 318,813,679 304,860,526
YIELD TO MATURITY 1.94%1.80%1.11%0.50%0.34%
Funds Managed by the City
The City participates in two local agency investment pools managed by government
finance professionals and treasurers: the Local Agency Investment Fund (LAIF) and the
California Asset Management Program (CAMP). The City has typically carried close to
the $50 million maximum contribution allowable in LAIF with any excesses deposited
into CAMP.
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Table 3: Quarterly LAIF Yields, Recent Eight Years and 1 Quarter
March June Sept Dec
2012 0.38 0.36 0.35 0.32
2013 0.28 0.24 0.26 0.26
2014 0.23 0.22 0.24 0.25
2015 0.26 0.28 0.32 0.37
2016 0.46 0.55 0.60 0.68
2017 0.78 0.92 1.07 1.20
2018 1.51 1.90 2.16 2.40
2019 2.55 2.57 2.45 2.29
2020 2.03 1.47 0.84
STRATEGIC PLAN INITIATIVE:
Strategy 2D: Continue to maintain strong fiscal policies.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
None.
ATTACHMENTS:
1. City of Dublin Investment Report for Period Ending September 30, 2020
2. Transaction Ledger - July - September 2020
CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com
INVESTMENT REPORT
Period Ending September 30, 2020
City of Dublin
SECTION 1 Economic Update
SECTION 2 Account Profile
SECTION 3 Consolidated Information
SECTION 4 Portfolio Holdings
SECTION 5 Transactions
Table of Contents As of September 30, 2020
1
SECTION |Section 1 |Economic Update
2
Economic Update
The economy experienced a strong rebound in the third quarter,following a steep decline in activity in the second quarter,
but we believe GDP remains well below its pre-pandemic peak.Economic datahas recentlysoftened and we anticipate the
path to a full economic recovery may be uneven.In our view,the outlook for the economy hinges largely on the course of
the pandemic,the timing and amount of additional fiscal relief,and the timeline for a vaccine. With jobless claims
remaining elevated and the prospect of additional fiscal relief waning in the near-term,we believe the underlying
fundamentals of the economy remain vulnerable and economic data may soften.We think additional fiscal stimulus is
likely but the timeline has been pushed out.Nevertheless,we remain optimistic about the progress toward a vaccine and
therapeutic treatments for the virus,which we will believe will help propel the economic recovery next year.We also
expect the Fed’s highly accommodative monetary policy framework will continue to provide support for the financial
markets.
The Federal Open Market Committee (FOMC)kept monetary policy unchanged in September with the fed funds target rate
in a range of 0.0%to 0.25%.Monetary policy remains highly accommodative and Fed Chair Powell maintained a dovish tone
during his press conference.The Fed will continue to use its balance sheet to support smooth financial market functioning
by purchasing Treasury and agency mortgage-backed securities and will continue to use its lending facilities to support the
flow of credit to businesses and municipalities,as needed.In the September policy statement, the FOMC noted that
inflation continues to run below its 2.0%target,as weaker demand and loweroil prices are holding down consumer prices.
Longer-term,the FOMC will allow inflation to run above 2.0%for some period of time before it looks to tighten policy,
which implies the fed funds target rate will remain anchored near zero for years.The Fed’s updated summary of economic
projections signals that the target fed funds rate will remain unchanged through at least 2023,as policymakers do not
expect inflation to exceed 2.0% during that timeframe. The next FOMC meeting is scheduled for November 4th-5th.
On a year-to-date basis,the yield on 2-year Treasuries was down 144 basis points to 0.13%and the yield on 10-year
Treasuries was down about 123 basis points to 0.68%at the end of September.In September,the Treasury yield curve was
little changed on a month-over-month basis,following moderate curve steepening in August.The yield curve has
steepened further in October,driven by a moderate increase in longer-term rates as the front end of the curve remains
anchored near 0.0%.
3
Source: US Department of Labor Source: US Department of Labor
Employment
U.S.nonfarm payrolls were l ower than expected,up 661,000 in September versus expectations of 859,000.The unemployment rate declined to
7.9%in September from 8.4%in August.The decline in the unemployment rate was better than expected,however,it was partially driven by a
decline in the labor participation rate to 61.4%in September from 61.7%in August.The labor participation rate improved modestly after
plunging to 60.2%in April,but remains near the lowest levels since the 1970’s.Nearly 4.5 million people have dropped out of the labor force
since January, and 12.6 million people in the labor force were unemployed in September,according to the U.S.Bureau of Labor Statistics
household survey. Workers who classified themselves as employed but absent from work in the September survey understated the
unemployment rate by about 0.4%.The U-6 underemployment rate,which includes those who are marginally attached to the labor force and
employed part time for economic reasons, remained high but eased to 12.8% in September from 14.2% in August.
-22,000
-18,000
-14,000
-10,000
-6,000
-2,000
2,000
6,000
10,000
MOM Change In (000's)Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3 month average (000's)
0.0%
4.0%
8.0%
12.0%
16.0%
20.0%
24.0%
28.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)Rate (%)4
Initial Claims for Unemployment
898 845 849 873 866 893 884 1,011 1,104 971 1,191 1,435 1,422 1,308
10,018
11,183 11,979 12,747 12,747 13,544 13,292 14,492 14,759 15,480 16,090 16,951 16,151
-
5,000
10,000
15,000
20,000
25,000
In thousandsInitial Jobless Claims
Continuing Claims
Initial Claims For Unemployment July 10, 2020 -October 09, 2020
In the most recent week,the number of initial jobless claims increased to 898,000 compared to 845,000 in the prior week.The level of
continuing unemployment claims (where the data is lagged by one week)declined to about 10.0 million from roughly 11.2 millionin the prior
week.Continuing jobless claims have declined from the peak of nearly 25 millionin early May,but they remain well above the 2019 average of
1.7 million.
Source: US Department of Labor
5
Source: US Department of Labor Source: US Department of Commerce
Inflation
The Consumer Price Index (CPI)was up 1.4%year-over-year in September,versus up 1.3%in August.Core CPI (CPI less food and energy)was
up 1.7%year-over-year in September,unchanged from August.The Personal Consumption Expenditures (PCE)index was up 1.4%year-over-
year in August,versus up 1.1%year-over-year in July.Core PCE,which is the Fed's primary inflation gauge,was up 1.6%year-over-year in
August, versus up 1.4% year-over-year in July. Pricing pressures are increasing but remain below the Fed's inflation target.
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % ChangeYOY( %) Change0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % ChangeYOY( %) Change6
Consumer spending trends were unexpectedly strong in September. Retail sales increased 1.9% in September and were up 5.4% on a year-over-
year basis.Excluding vehicles and gas,retail sales were up 1.5%in the month,well ahead of expectations for a 0.4%increase.On an adjusted
basis,sales picked up in every major category in September on a month-over-month basis,with the exception of electronics &appliances.The
Consumer Confidence index jumped to 101.8 in September from 86.3 in August.The improvement in consumer confidence was much better
than expected in September but the index remains well below pre-pandemic levels at the start of this year.
Source: US Department of Commerce Source: The Conference Board
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
Retail Sales YOY % Change
YOY (%) Change80
90
100
110
120
130
140
150
Index LevelConsumer Confidence
Consumer
7
Source: The Conference Board Source: Federal Reserve Bank of Chicago
Economic Activity
The Conference Board’s Leading Economic Index (LEI)rose 1.2%in August,following a 2.0%increase in July.On a year-over-year basis,the LEI
was down 4.7%in August versus down 6.1%in July.According to the Conference Board,the recovery islosing steam and the US economy will
likely head into 2021 under substantially weakened economic conditions.The Chicago Fed National Activity Index (CFNAI)declined to 0.79 in
August from 2.54 in July.On a 3-month moving average basis,the CFNAI declined to 3.05 in August from 4.23 in July. Although the CFNAI
declined in August on a 3-month moving basis, it is above the -0.7 recessionary level.
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
Chicago Fed National Activity Index (CFNAI)3 Month Average-8.0%
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
Leading Economic Indicators (LEI)MOM ( %) Change8
Source: US Department of Commerce Source: S&P
Housing
0
200
400
600
800
1000
1200
1400
1600
1800
2000
MOM Change (In Thousands of Units)Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
S&P/Case -Shiller 20 City Composite Home Price Index YOY( %) ChangeTotal housing starts fell 5.1%in August to an annual pace of 1,416,000.Single family starts rose 4.1%to an annualized rate of 1,021,000,while
multi-family starts declined 22.7%to an annualized rate of 395,000.On a year-over-year basis,total housing starts were up 2.8%in August.
Meanwhile,permits declined 0.9%in August on a month-over-month basis,to an annualized rate of 1,470,000 (flat on a year-over-year basis).
According to the Case-Shiller 20-City home price index, home prices were up 3.9% year-over-year in July versus up 3.5% year-over-year in June.
The housing market has remained strong during the pandemic.Very low mortgage rates,solid stock market performance,and a meaningful
shift toward working from home are providing strong tailwinds for the housing sector, despite an otherwise challenging economic backdrop.
9
Source: Institute for Supply Management Source: Federal Reserve
Manufacturing
The Institute for Supply Management (ISM)manufacturing index slipped to 55.4 in September from 56.0 in August.New orders remained
strong butdeclined to 60.2 in September from 67.6 in August. Readings above 50.0 are indicative of expansion in the manufacturing sector.The
Industrial Production index was down 7.3%year-over-year in September,versus down 7.0%in August.On a month-over-month basis,the
Industrial Production index declined 0.6%in September,versus expectations for a 0.6%increase,following a 0.4%increase in August.Capacity
Utilization declined to 71.5% in September from 72.0% in August, but remains well below the long-run average of 79.8%. Overall manufacturing
conditions have improved, following a deep contraction earlier this year, but that improvement reversed slightly in September.
40
42
44
46
48
50
52
54
56
58
60
62
Institute of Supply Management Purchasing Manager
Index
EXPANDING
CONTRACTING
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%
0.0%
4.0%
8.0%
Industrial Production
YOY( %) Change10
Source: US Department of Commerce Source: US Department of Commerce
9/19 12/19 3/20 6/20
1.8% 1.1% -4.8% -24.0%
0.3% -0.6% -1.6% -8.8%
0.0% 1.5% 1.1% 0.6%
0.3% 0.3% 0.1% 1.2%
0.1% 0.2% 0.1% -0.4%
2.6% 2.4% -5.0% -31.4%
Components of GDP
Federal Government Expenditures
State and Local (Consumption and
Gross Investment)
Net Exports and Imports
Total
Gross Private Domestic Investment
Personal Consumption Expenditures
-35.0%
-30.0%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Gross Domestic Product (GDP)
According to the third e stimate,US gross domestic product (GDP)declined at an annual rate of 31.4%in the second quarter,just slightly less
negative than the initial and second estimates but still the largest decline on record.This follows a 5.0%annualized decline in first quarter
GDP.Personal consumption expenditures plunged 33.2%in the second quarter,following a 6.9%decline in the first quarter.The consensus
forecast calls for a strong rebound in consumerspending and overall economic activity in the third quarter,and a slower pace of improvement
in activity thereafter.
11
Federal Reserve
Source: Federal Reserve Source: Bloomberg
The Fed has taken a wide range of aggressive actions to help stabilize and provide liquidity to the financial markets.The Fed has lowered the
fed funds target rate to a range of 0.0%-0.25%and continues to purchase Treasury and agency mortgage-backed securities to support smooth
market functioning.Policymakers reinstated the Commercial Paper Funding Facility and Money Market Mutual Fund Liquidity Facility in order
to provide liquidity to the commercial paper,money markets,and the municipal bond markets.The Fed has established the Primary Market
Corporate Credit Facility and Secondary Market Corporate Credit Facility to support the corporate bond market.The Term Asset-Backed
Securities Loan Facility has been established to enable the issuance of asset-backed securities backed by student loans, auto loans,credit card
loans, and loans guaranteed by the Small Business Administration.The Fed has established the Paycheck Protection Program Liquidity Facility
and Fed’s Main Street Lending Facility to support the flow of credit to businesses.The Fed established the Municipal Liquidity Facility to
purchase short-term debt directly from US states,counties,and cities.The Fed has also provided short-term fundingthrough large-scale repo
operations and lowered the reserve requirement for depository institutions.
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
Effective Federal Funds Rate
Yield (%)3,500,000
4,000,000
4,500,000
5,000,000
5,500,000
6,000,000
6,500,000
7,000,000
7,500,000
Federal Reserve Balance Sheet Assets
In$ millions12
Source: Bloomberg Source: Bloomberg
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
US Treasury Yield Curve
Sep-20
Jun-20
Sep-19
Yield (%)Bond Yields
At September month-end,Treasury yields were much loweron a year-over-year basis.The 3-month T-bill yield was down 172 basis points,the
2-year Treasury yield was down 150 basis points,and the 10-Year Treasury yield was down 98 basis points,year-over-year.Yields declined
precipitously in March 2020,with the Fed cutting rates by a total of 150 basis points and a flight to safe-haven assets driving down yields across
the curve. The Fed has signaled plans to keep the front end of the Treasury yield curve anchored near zero for at least the next few years.
13
Section 2|SECTION |Section 2 |Account Profile
14
Objectives
Chandler Asset Management Performance Objective
The performance objective of the City of Dublin is to earn a return that equals or exceeds the return on of
the ICE BAML 1-5 Year Treasury and Agency Index.
Investment Objectives
The investment objectives of the City of Dublin are first,to provide safety of principal;second,to provide
adequate liquidity to meet all requirements which might be reasonably anticipated;third,to attain a
market average rate of return on its investments throughout economic cycles;and fourth,to be diversified
to avoid incurring unreasonable and avoidable risks regarding specific security types or individual financial
institutions.
Strategy
In order to achieve this objective,the portfolio invests in high quality fixed income instruments consistent
with the City's investment policy and California Government Code.
As of September 30, 2020
15
Compliance As of September 30, 2020
Category Standard Comment
U.S. Treasury Issues No limitations; Full faith and credit of the U.S. are pledged for payment of principal and interest.Complies
Federal Agencies 35% max per agency issuer; 25% max callables for agency securities; Federal Agencies or U.S. Government Sponsored Enterprises (GSE), participations, or other instruments, including
those issued by or fully guaranteed as to principal and interest by federal agencies or U.S. GSEs.Complies
Municipal Securities "A" rated or higher by a NRSRO; 5% max per issuer; Obligations of the State of California, any of the other 49 states, or any local agency within the state of California; Complies
Supranational Securities
"AA" rating category or better by a Nationally Recognized Statistical Rating Organization ("NRSRO"); 30% maximum; 10% max per issuer; U.S. dollar denominated senior unsecured
unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development ("IBRD"), the International Finance Corporation ("IFC")
or the Inter-American Development Bank ("IADB")
Complies
Asset-Backed Securities/Mortgage-Backed
Securities/ Collateralized Mortgage
Obligations
"AA" rated or higher by a NRSRO; 20% maximum (combined); 5% max per issuer Complies
Corporate Medium Term Notes "A" rated or higher by a NRSRO; 30% maximum; 5% max per issuer; Issued by corporations organized and operating within the U.S. or by depository institutions licensed by the U.S. or
any state and operating within the U.S.Complies
Negotiable Certificates of Deposit
"A" long-term debt rated and/or "A-1" short-term rated or higher by a NRSRO; 30% maximum; 5% max per issuer; 20% max amount invested in NCDs with any one financial institution
in combination with any other debt from that financial institution; Issued by a nationally or state-chartered bank, a savings association or a federal association, a state or federal credit
union, or by a state-licensed branch of a foreign bank.
Complies
Time Deposits/ Certificates of Deposit 10% maximum; Collateralized/FDIC Insured; 1 year max maturity Complies
Commercial Paper
"A-1" rated or higher by a NRSRO; 25% maximum; 5% max per issuer; 10% max of the outstanding commercial paper of an issuing corporation; 20% max amount invested in CP of any
one issuer in combination with any other debt from that issuer; 270 days max maturity; Issuer of the commercial paper shall meet all conditions in either A) (1) Organized and
operating in the U.S. as a general corp, (2) Has AUM > $500 million, (3) "A" rated issuer debt (if any) or higher by a NRSRO; or B) (1) Organized in the U.S. as a special purpose corp,
trust, LLC, (2) Has program wide credit enhancements including, but not limited to, over collateralization, LOC, or surety bond, (3) "A-1" rated or higher by a NRSRO
Complies
Banker’s Acceptances "A-1" short-term rated or higher by a NRSRO; 40% maximum; 5% max per issuer; 20% max amount invested in BA with any one financial institution in combination with any other debt
from that financial institution; 180 days max maturity Complies
Money Market Mutual Funds and Mutual
Funds
Highest rating or "AAA" rated by two NRSROs; SEC registered adviser with AUM >$500 million and experience > 5 years; 20% maximum in Mutual Funds and Money Market Mutual
Funds; 20% max in Money Market Mutual Fund; 10% max per one Mutual Fund Complies
Local Agency Investment Fund (LAIF) Maximum permitted by LAIF; Not used by investment adviser Complies
California Asset Management Program
(CAMP)Issued by joint powers authority organized pursuant to California Government Code; Not used by investment adviser Complies
Prohibited Securities Inverse floaters; Ranges notes, Mortgage-derived, Interest-only strips; Any investment in a security not specifically listed as an Authorized and Suitable Investment in the policy.Complies
Max Per Issuer 5% max per issuer, except US Government, its Agencies and instrumentalities (including agency backed-mortgage pools), Supranational securities, or Money Market Mutual Funds Complies
Maximum Maturity 5 years, unless otherwise stated in the policy Complies
City of Dublin
Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy.
16
Portfolio Characteristics
City of Dublin
9/30/2020 6/30/2020
Benchmark*Portfolio Portfolio
Average Maturity (yrs)2.65 2.70 2.75
Average Modified Duration 2.57 2.50 2.55
Average Purchase Yield n/a 1.92%1.99%
Average Market Yield 0.17%0.29%0.36%
Average Quality**AAA AA/Aa1 AA/Aa1
Total Market Value 216,799,869 216,182,298
*ICE BAML 1-5 Year US Treasury/Agency Index
**Benchmark is a blended rating of S&P, Moody’s, and Fitch. Portfolio is S&P and Moody’s respectively.
As of September 30, 2020
17
City of Dublin
Sector Distribution
ABS
5.1%
Agency
40.3%
Corporate
22.7%
Money Market
Fund FI
0.1%
Supranational
3.2%
US Treasury
28.6%
September 30, 2020 June 30, 2020
ABS
5.0%
Agency
36.5%
Corporate
24.0%
Money Market
Fund FI
0.9%
Supranational
3.2%
US Treasury
30.3%
As of September 30, 2020
18
Issue Name Investment Type % Portfolio
Government of United States US Treasury 28.65%
Federal National Mortgage Association Agency 16.74%
Federal Home Loan Bank Agency 13.93%
Federal Home Loan Mortgage Corp Agency 6.45%
Federal Farm Credit Bank Agency 3.15%
Intl Bank Recon and Development Supranational 2.00%
US Bancorp Corporate 1.75%
Honda ABS ABS 1.56%
Apple Inc Corporate 1.51%
JP Morgan Chase & Co Corporate 1.50%
Toyota ABS ABS 1.25%
Royal Bank of Canada Corporate 1.24%
Honda Motor Corporation Corporate 1.24%
Nissan ABS ABS 1.21%
Honeywell Corp Corporate 1.19%
Inter-American Dev Bank Supranational 1.19%
Bank of America Corp Corporate 1.18%
Toronto Dominion Holdings Corporate 1.15%
PNC Financial Services Group Corporate 1.11%
John Deere ABS ABS 1.05%
IBM Corp Corporate 0.98%
Charles Schwab Corp/The Corporate 0.97%
ChevronTexaco Corp Corporate 0.97%
Chubb Corporation Corporate 0.93%
Berkshire Hathaway Corporate 0.91%
Microsoft Corporate 0.86%
Deere & Company Corporate 0.85%
State Street Bank Corporate 0.85%
Exxon Mobil Corp Corporate 0.84%
Wal-Mart Stores Corporate 0.69%
Bank of New York Corporate 0.60%
General Dynamics Corp Corporate 0.54%
Oracle Corp Corporate 0.47%
Merck & Company Corporate 0.37%
First American Govt Oblig Fund Money Market Fund FI 0.13%
TOTAL 100.00%
Issuers
City of Dublin –Account #10198
As of September 30, 2020
19
AAA AA A <A NR
09/30/20 6.9%73.4%15.3%0.0%4.4%
06/30/20 8.4%70.4%16.6%0.0%4.7%
Source: S&P Ratings
September 30, 2020 vs. June 30, 2020
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
AAA AA A <A NR
9/30/2020 6/30/2020
Quality Distribution
City of Dublin
As of September 30, 2020
20
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+
City of Dublin ICE BAML 1-5 Year US Treasury/Agency Index
Portfolio Compared to the Benchmark as of September 30, 2020
0 -0.25 0.25 -0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+
Portfolio 2.3% 8.0% 9.4% 18.0% 21.6% 23.9% 16.9% 0.0%
Benchmark*0.4% 0.1% 1.7% 33.6% 29.1% 19.1% 15.9% 0.0%
*ICE BAML 1-5 Year US Treasury/Agency Index
Duration Distribution
City of Dublin
As of September 30, 2020
21
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
12 months 2 years 3 years 5 years 10 years Since Inception
City of Dublin ICE BAML 1-5 Yr US Treasury/Agency Index
Total Rate of Return Annualized Since Inception 10/31/2013
Annualized
TOTAL RATE OF RETURN 3 months 12 months 2 years 3 years 5 years 10 years Since
Inception
City of Dublin 0.29%4.62%5.06%3.29%2.41%N/A 2.06%
ICE BAML 1-5 Year US Treasury/Agency Index 0.13%4.56%5.08%3.17%2.19%N/A 1.90%
*ICE BAML 1-3 Yr US Treasury/Agency Index to 12/31/2014
Total rate of return: A measure of a portfolio’s performance over time.It is the internal rate of return,which equates the beginning value of the portfolio with the
ending value;it includes interest earnings,realized and unrealized gains and losses in the portfolio.
Investment Performance
City of Dublin
As of September 30, 2020
22
Portfolio Characteristics
City of Dublin Reporting Account
9/30/2020
Portfolio
6/30/2020
Portfolio
Average Maturity (yrs)0.00 0.00
Modified Duration 0.00 0.00
Average Purchase Yield 0.48%0.81%
Average Market Yield 0.48%0.81%
Average Quality*AAA/NR AAA/NR
Total Market Value 88,060,656 102,631,381
*Portfolio is S&P and Moody’s, respectively.
As of September 30, 2020
23
City of Dublin Reporting Account
Sector Distribution
LAIF
57.0%
Local Gov
Investment Pool
43.0%
September 30, 2020 June 30, 2020
LAIF
48.8%
Local Gov
Investment Pool
51.2%
As of September 30, 2020
24
Issue Name Investment Type % Portfolio
Local Agency Investment Fund LAIF 56.97%
CAMP Local Gov Investment Pool 43.03%
TOTAL 100.00%
Issuers
City of Dublin Reporting Account –Account #10219
As of September 30, 2020
25
SECTION |Section 3 |Consolidated Information
26
Portfolio Characteristics
City of Dublin Consolidated
9/30/2020 6/30/2020
Portfolio Portfolio
Average Maturity (yrs)1.92 1.86
Modified Duration 1.78 1.73
Average Purchase Yield 1.50%1.60%
Average Market Yield 0.35%0.50%
Average Quality*AA+/Aa1 AA+/Aa1
Total Market Value 304,860,526 318,813,679
* Portfolio is S&P and Moody’s respectively.
As of September 30, 2020
27
City of Dublin Consolidated
Sector Distribution
ABS
3.6%
Agency
28.6%
Corporate
16.1%
LAIF
16.5%
Local Gov
Investment Pool
12.4%
Money Market
Fund FI
0.1%
Supranational
2.3%
US Treasury
20.4%
September 30, 2020 June 30, 2020
ABS
3.4%
Agency
24.8%
Corporate
16.3%LAIF
15.7%
Local Gov
Investment Pool
16.5%
Money Market
Fund FI
0.6%
Supranational
2.2%
US Treasury
20.6%
As of September 30, 2020
28
SECTION |Section 4 |Portfolio Holdings
29
Holdings Report
City of Dublin -Account #10198
CUSIP Security Description Par Value/Units Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
43814WAB1 Honda Auto Receivables Trust 2019-1 A2
2.750% Due 09/20/2021
261,358.52 02/19/2019
2.77%
261,341.69
261,352.15
100.25
0.10%
262,004.19
259.54
0.12%
652.04
NR / AAA
AAA
0.97
0.09
47788BAD6 John Deere Owner Trust 2017-B A3
1.820% Due 10/15/2021
9,149.74 07/11/2017
1.64%
9,149.07
9,149.58
100.05
0.15%
9,154.75
7.40
0.00%
5.17
Aaa / NR
AAA
1.04
0.03
89239AAB9 Toyota Auto Receivables Trust 2019-A A2A
2.830% Due 10/15/2021
159,144.12 02/05/2019
2.85%
159,129.67
159,138.50
100.22
0.12%
159,495.61
200.17
0.07%
357.11
Aaa / AAA
NR
1.04
0.08
47789JAB2 John Deere Owner Trust 2019-A A2
2.850% Due 12/15/2021
154,980.48 03/05/2019
2.87%
154,973.41
154,977.39
100.19
0.10%
155,279.59
196.31
0.07%
302.20
Aaa / NR
AAA
1.21
0.07
43815NAB0 Honda Auto Receivables Trust 2019-3 A2
1.900% Due 04/15/2022
803,627.88 08/20/2019
1.91%
803,571.62
803,609.41
100.57
0.24%
808,172.33
678.62
0.37%
4,562.92
Aaa / AAA
NR
1.54
0.34
47788CAC6 John Deere Owner Trust 2018-A A3
2.660% Due 04/18/2022
150,531.12 02/21/2018
2.68%
150,520.30
150,527.08
100.55
0.35%
151,354.60
177.96
0.07%
827.52
Aaa / NR
AAA
1.55
0.24
477870AB5 John Deere Owner Trust 2019-B A2
2.280% Due 05/16/2022
423,791.66 07/16/2019
2.29%
423,790.05
423,790.73
100.49
0.22%
425,849.05
429.44
0.20%
2,058.32
Aaa / NR
AAA
1.62
0.24
43814UAG4 Honda Auto Receivables Trust 2018-2 A3
3.010% Due 05/18/2022
334,485.66 05/22/2018
2.20%
334,478.37
334,482.67
101.14
0.28%
338,301.12
363.57
0.16%
3,818.45
NR / AAA
AAA
1.63
0.42
43815HAC1 Honda Auto Receivables Trust 2018-3 A3
2.950% Due 08/22/2022
837,836.00 08/21/2018
2.54%
837,721.05
837,781.49
101.31
0.39%
848,830.78
686.56
0.39%
11,049.29
Aaa / NR
AAA
1.89
0.51
47788EAC2 John Deere Owner Trust 2018-B A3
3.080% Due 11/15/2022
993,333.29 07/18/2018
3.10%
993,258.01
993,296.22
101.39
0.10%
1,007,182.30
1,359.76
0.47%
13,886.08
Aaa / NR
AAA
2.13
0.47
65479GAD1 Nissan Auto Receivables Trust 2018-B A3
3.060% Due 03/15/2023
975,149.07 07/17/2018
3.08%
975,117.47
975,136.88
101.68
0.40%
991,568.58
1,326.20
0.46%
16,431.70
Aaa / AAA
NR
2.45
0.63
89231PAD0 Toyota Auto Receivables Trust 2018-D A3
3.180% Due 03/15/2023
1,500,000.00 08/29/2019
2.25%
1,532,050.78
1,522,185.19
101.80
0.41%
1,527,066.00
2,120.00
0.71%
4,880.81
Aaa / AAA
NR
2.45
0.65
65479JAD5 Nissan Auto Receivables Owner 2019-C A3
1.930% Due 07/15/2024
1,580,000.00 10/16/2019
1.94%
1,579,916.58
1,579,933.20
102.47
0.43%
1,619,021.26
1,355.29
0.75%
39,088.06
Aaa / AAA
NR
3.79
1.62
89237VAB5 Toyota Auto Receivables Trust 2020-C A3
0.440% Due 10/15/2024
1,025,000.00 07/21/2020
0.44%
1,024,921.08
1,024,924.46
100.23
0.32%
1,027,338.03
200.44
0.47%
2,413.57
Aaa / AAA
NR
4.04
1.89
43813KAC6 Honda Auto Receivables Trust 2020-3 A3
0.370% Due 10/18/2024
1,120,000.00 09/22/2020
0.38%
1,119,835.47
1,119,835.76
100.01
0.37%
1,120,116.48
23.02
0.52%
280.72
NR / AAA
AAA
4.05
2.17
47787NAC3 John Deere Owner Trust 2020-B A3
0.510% Due 11/15/2024
515,000.00 07/14/2020
0.52%
514,921.51
514,925.89
100.26
0.39%
516,336.43
116.73
0.24%
1,410.54
Aaa / NR
AAA
4.13
2.16
TOTAL ABS 10,843,387.54 1.95%
10,874,696.13
10,865,046.60 0.33%
10,967,071.10
9,501.01
5.06%
102,024.50
Aaa / AAA
Aaa
2.76
1.02
As of September 30, 2020
30
Holdings Report
City of Dublin -Account #10198
CUSIP Security Description Par Value/Units Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
Agency
3135G0F73 FNMA Note
1.500% Due 11/30/2020
1,500,000.00 12/04/2015
1.87%
1,473,450.00
1,499,124.73
100.23
0.13%
1,503,429.00
7,562.50
0.70%
4,304.27
Aaa / AA+
AAA
0.17
0.17
3130A7CV5 FHLB Note
1.375% Due 02/18/2021
3,470,000.00 Various
1.45%
3,457,221.20
3,469,015.73
100.47
0.15%
3,486,277.77
5,698.99
1.61%
17,262.04
Aaa / AA+
AAA
0.39
0.38
3135G0J20 FNMA Note
1.375% Due 02/26/2021
5,000,000.00 Various
1.29%
5,018,675.00
5,001,644.91
100.50
0.14%
5,024,980.00
6,684.02
2.32%
23,335.09
Aaa / AA+
AAA
0.41
0.41
313379RB7 FHLB Note
1.875% Due 06/11/2021
3,000,000.00 08/30/2017
1.67%
3,022,620.00
3,004,147.00
101.21
0.13%
3,036,417.00
17,187.50
1.41%
32,270.00
Aaa / AA+
AAA
0.70
0.69
3130A8QS5 FHLB Note
1.125% Due 07/14/2021
2,500,000.00 07/25/2016
1.28%
2,481,475.00
2,497,079.30
100.79
0.12%
2,519,750.00
6,015.63
1.17%
22,670.70
Aaa / AA+
AAA
0.79
0.79
3137EAEC9 FHLMC Note
1.125% Due 08/12/2021
3,000,000.00 Various
1.33%
2,971,215.00
2,994,962.55
100.85
0.15%
3,025,404.00
4,593.76
1.40%
30,441.45
Aaa / AA+
AAA
0.87
0.86
3135G0Q89 FNMA Note
1.375% Due 10/07/2021
2,000,000.00 10/06/2016
1.45%
1,992,924.00
1,998,562.32
101.24
0.16%
2,024,736.00
13,291.67
0.94%
26,173.68
Aaa / AA+
AAA
1.02
1.01
3135G0S38 FNMA Note
2.000% Due 01/05/2022
2,500,000.00 01/30/2017
2.04%
2,495,475.00
2,498,841.10
102.38
0.11%
2,559,597.50
11,944.44
1.19%
60,756.40
Aaa / AA+
AAA
1.27
1.25
313378CR0 FHLB Note
2.250% Due 03/11/2022
2,000,000.00 06/19/2017
1.86%
2,035,280.00
2,010,757.84
103.03
0.16%
2,060,516.00
2,500.00
0.95%
49,758.16
Aaa / AA+
NR
1.44
1.43
3135G0T45 FNMA Note
1.875% Due 04/05/2022
3,250,000.00 05/05/2017
1.99%
3,232,125.00
3,244,506.90
102.63
0.13%
3,335,585.50
29,791.67
1.55%
91,078.60
Aaa / AA+
AAA
1.51
1.49
3135G0T94 FNMA Note
2.375% Due 01/19/2023
2,500,000.00 03/28/2018
2.70%
2,463,675.00
2,482,633.47
104.91
0.24%
2,622,632.50
11,875.00
1.22%
139,999.03
Aaa / AA+
AAA
2.30
2.24
313383QR5 FHLB Note
3.250% Due 06/09/2023
1,500,000.00 08/28/2018
2.87%
1,525,005.00
1,514,057.25
108.05
0.25%
1,620,678.00
15,166.67
0.75%
106,620.75
Aaa / AA+
NR
2.69
2.58
3137EAEN5 FHLMC Note
2.750% Due 06/19/2023
2,000,000.00 07/16/2018
2.88%
1,988,360.00
1,993,584.40
106.76
0.25%
2,135,202.00
15,583.33
0.99%
141,617.60
Aaa / AA+
AAA
2.72
2.62
3135G05G4 FNMA Note
0.250% Due 07/10/2023
2,350,000.00 07/08/2020
0.32%
2,344,947.50
2,345,330.47
99.98
0.26%
2,349,515.90
1,321.88
1.08%
4,185.43
Aaa / AA+
AAA
2.78
2.76
3133EKZK5 FFCB Note
1.600% Due 08/14/2023
4,000,000.00 08/26/2019
1.54%
4,009,000.00
4,006,507.60
103.93
0.23%
4,157,040.00
8,355.56
1.92%
150,532.40
Aaa / AA+
AAA
2.87
2.81
313383YJ4 FHLB Note
3.375% Due 09/08/2023
5,000,000.00 Various
2.90%
5,102,615.00
5,064,108.00
109.15
0.25%
5,457,480.00
10,781.25
2.52%
393,372.00
Aaa / AA+
NR
2.94
2.82
3130A0F70 FHLB Note
3.375% Due 12/08/2023
5,000,000.00 Various
2.73%
5,147,870.00
5,095,739.92
109.84
0.27%
5,492,000.00
52,968.75
2.56%
396,260.08
Aaa / AA+
AAA
3.19
3.03
As of September 30, 2020
31
Holdings Report
City of Dublin -Account #10198
CUSIP Security Description Par Value/Units Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
3135G0V34 FNMA Note
2.500% Due 02/05/2024
2,000,000.00 02/27/2019
2.58%
1,992,340.00
1,994,808.36
107.50
0.25%
2,150,086.00
7,777.78
1.00%
155,277.64
Aaa / AA+
AAA
3.35
3.22
3130A1XJ2 FHLB Note
2.875% Due 06/14/2024
3,795,000.00 Various
1.96%
3,958,639.85
3,916,361.11
109.68
0.25%
4,162,204.20
32,428.80
1.93%
245,843.09
Aaa / AA+
NR
3.71
3.52
3133EKWV4 FFCB Note
1.850% Due 07/26/2024
2,500,000.00 08/13/2019
1.65%
2,524,140.00
2,518,612.37
105.97
0.28%
2,649,250.00
8,350.69
1.23%
130,637.63
Aaa / AA+
AAA
3.82
3.70
3130A2UW4 FHLB Note
2.875% Due 09/13/2024
2,000,000.00 10/10/2019
1.58%
2,122,020.00
2,097,873.74
110.56
0.19%
2,211,176.00
2,875.00
1.02%
113,302.26
Aaa / AA+
AAA
3.96
3.77
3135G0W66 FNMA Note
1.625% Due 10/15/2024
2,000,000.00 11/08/2019
1.80%
1,983,400.00
1,986,389.66
105.32
0.30%
2,106,494.00
14,986.11
0.98%
120,104.34
Aaa / AA+
AAA
4.04
3.90
3135G0X24 FNMA Note
1.625% Due 01/07/2025
4,200,000.00 Various
1.18%
4,287,898.80
4,277,596.48
105.38
0.35%
4,425,846.60
15,925.00
2.05%
148,250.12
Aaa / AA+
AAA
4.27
4.12
3137EAEP0 FHLMC Note
1.500% Due 02/12/2025
4,200,000.00 Various
1.23%
4,254,786.30
4,248,429.53
104.96
0.35%
4,408,223.41
8,575.00
2.04%
159,793.88
Aaa / NR
AAA
4.37
4.23
3135G03U5 FNMA Note
0.625% Due 04/22/2025
1,825,000.00 04/22/2020
0.67%
1,821,240.50
1,821,570.28
101.35
0.33%
1,849,725.10
4,974.39
0.86%
28,154.82
Aaa / AA+
AAA
4.56
4.48
3135G04Z3 FNMA Note
0.500% Due 06/17/2025
3,435,000.00 06/17/2020
0.54%
3,427,889.55
3,428,294.97
100.46
0.40%
3,450,838.79
4,866.25
1.59%
22,543.82
Aaa / AA+
AAA
4.72
4.65
3137EAEU9 FHLMC Note
0.375% Due 07/21/2025
1,745,000.00 07/21/2020
0.48%
1,736,309.90
1,736,643.40
100.02
0.37%
1,745,286.18
1,236.04
0.81%
8,642.78
Aaa / AA+
AAA
4.81
4.76
3135G05X7 FNMA Note
0.375% Due 08/25/2025
2,755,000.00 08/25/2020
0.47%
2,742,106.60
2,742,354.01
99.68
0.44%
2,746,319.00
975.73
1.27%
3,964.99
Aaa / AA+
AAA
4.90
4.85
3137EAEX3 FHLMC Note
0.375% Due 09/23/2025
2,655,000.00 09/23/2020
0.44%
2,647,008.45
2,647,034.74
99.67
0.44%
2,646,246.47
165.94
1.22%
(788.27)
Aaa / AA+
AAA
4.98
4.93
TOTAL Agency 83,680,000.00 1.65%
84,259,712.65
84,136,572.14 0.25%
86,962,936.92
324,459.35
40.26%
2,826,364.78
Aaa / AA+
Aaa
2.76
2.68
Corporate
00440EAT4 Chubb INA Holdings Inc Callable Note Cont 10/3/2020
2.300% Due 11/03/2020
2,000,000.00 Various
2.25%
2,003,489.00
2,000,005.36
100.14
0.54%
2,002,826.00
18,911.11
0.93%
2,820.64
A3 / A
A
0.09
0.01
24422ETF6 John Deere Capital Corp Note
2.550% Due 01/08/2021
750,000.00 Various
2.42%
753,733.15
750,249.97
100.61
0.31%
754,572.00
4,409.38
0.35%
4,322.03
A2 / A
A
0.27
0.27
30231GAV4 Exxon Mobil Corp Callable Note Cont 2/1/2021
2.222% Due 03/01/2021
1,800,000.00 Various
2.06%
1,813,024.00
1,801,130.24
100.66
0.64%
1,811,899.80
3,333.00
0.84%
10,769.56
Aa1 / AA
NR
0.42
0.42
As of September 30, 2020
32
Holdings Report
City of Dublin -Account #10198
CUSIP Security Description Par Value/Units Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
369550BE7 General Dynamics Corp Note
3.000% Due 05/11/2021
1,130,000.00 05/08/2018
3.24%
1,122,146.50
1,128,409.24
101.67
0.27%
1,148,877.78
13,183.33
0.54%
20,468.54
A2 / A
NR
0.61
0.61
166764BG4 Chevron Corp Callable Note Cont 4/15/2021
2.100% Due 05/16/2021
1,000,000.00 04/20/2017
2.09%
1,000,190.00
1,000,029.10
101.02
0.22%
1,010,175.00
7,875.00
0.47%
10,145.90
Aa2 / AA
NR
0.62
0.54
857477AV5 State Street Bank Note
1.950% Due 05/19/2021
1,800,000.00 Various
1.91%
1,802,989.00
1,800,419.62
101.09
0.23%
1,819,699.20
12,870.00
0.85%
19,279.58
A1 / A
AA-
0.63
0.63
594918BP8 Microsoft Callable Note Cont 7/8/2021
1.550% Due 08/08/2021
1,850,000.00 Various
1.59%
1,846,471.85
1,849,391.01
101.08
0.15%
1,869,976.30
4,221.60
0.86%
20,585.29
Aaa / AAA
AA+
0.85
0.77
68389XBK0 Oracle Corp Callable Note Cont 8/15/2021
1.900% Due 09/15/2021
1,000,000.00 06/28/2018
3.08%
964,080.00
989,321.91
101.42
0.27%
1,014,249.00
844.44
0.47%
24,927.09
A3 / A
A-
0.96
0.87
91159HHP8 US Bancorp Callable Note Cont 12/23/2021
2.625% Due 01/24/2022
1,000,000.00 05/23/2017
2.35%
1,011,640.00
1,003,118.85
102.83
0.32%
1,028,293.00
4,885.42
0.48%
25,174.15
A1 / A+
A+
1.32
1.21
808513AT2 Charles Schwab Corp Callable Note Cont 12/25/2022
2.650% Due 01/25/2023
2,000,000.00 05/21/2019
2.74%
1,993,920.00
1,996,170.01
104.85
0.47%
2,096,972.00
9,716.67
0.97%
100,801.99
A2 / A
A
2.32
2.17
44932HAH6 IBM Credit Corp Note
3.000% Due 02/06/2023
2,000,000.00 02/26/2018
3.09%
1,991,340.00
1,995,881.22
106.28
0.31%
2,125,662.00
9,166.67
0.98%
129,780.78
A2 / A
NR
2.35
2.28
084670BR8 Berkshire Hathaway Callable Note Cont 1/15/2023
2.750% Due 03/15/2023
1,865,000.00 Various
3.35%
1,818,500.75
1,839,927.01
105.34
0.41%
1,964,576.08
2,279.44
0.91%
124,649.07
Aa2 / AA
A+
2.45
2.23
58933YAF2 Merck & Co Note
2.800% Due 05/18/2023
740,000.00 10/26/2018
3.41%
720,996.80
729,028.25
106.62
0.27%
789,007.24
7,654.89
0.37%
59,978.99
A1 / AA-
A+
2.63
2.53
46625HRL6 JP Morgan Chase Callable Note Cont 3/18/2023
2.700% Due 05/18/2023
500,000.00 12/20/2018
3.74%
479,055.00
487,492.99
105.60
0.41%
528,012.50
4,987.50
0.25%
40,519.51
A2 / A-
AA-
2.63
2.38
69353RFL7 PNC Bank Callable Note Cont 5/9/2023
3.500% Due 06/08/2023
2,210,000.00 Various
3.53%
2,206,955.80
2,208,363.28
107.48
0.61%
2,375,263.80
24,279.30
1.11%
166,900.52
A2 / A
NR
2.69
2.49
166764AH3 Chevron Corp Callable Note Cont 3/24/2023
3.191% Due 06/24/2023
1,000,000.00 11/08/2018
3.59%
983,170.00
990,045.91
106.86
0.41%
1,068,646.00
8,597.97
0.50%
78,600.09
Aa2 / AA
NR
2.73
2.39
931142EK5 Wal-Mart Stores Callable Note Cont 5/26/2023
3.400% Due 06/26/2023
1,380,000.00 Various
3.41%
1,379,641.30
1,379,803.84
108.04
0.36%
1,490,918.88
12,381.66
0.69%
111,115.04
Aa2 / AA
AA
2.74
2.54
02665WCJ8 American Honda Finance Note
3.450% Due 07/14/2023
1,000,000.00 Various
3.54%
996,275.00
997,758.09
107.81
0.62%
1,078,110.00
7,379.17
0.50%
80,351.91
A3 / A-
NR
2.79
2.66
06406RAJ6 Bank of NY Mellon Corp Note
3.450% Due 08/11/2023
1,200,000.00 08/24/2018
3.42%
1,201,836.00
1,201,059.58
108.63
0.42%
1,303,503.60
5,750.00
0.60%
102,444.02
A1 / A
AA-
2.86
2.74
06051GHF9 Bank of America Corp Callable Note 1X 3/5/2023
3.550% Due 03/05/2024
2,400,000.00 Various
2.77%
2,434,650.00
2,424,151.12
106.50
0.84%
2,555,904.00
6,153.33
1.18%
131,752.88
A2 / A-
A+
3.43
2.34
As of September 30, 2020
33
Holdings Report
City of Dublin -Account #10198
CUSIP Security Description Par Value/Units Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
89114QCB2 Toronto Dominion Bank Note
3.250% Due 03/11/2024
2,300,000.00 03/26/2019
2.95%
2,331,234.00
2,321,691.24
108.41
0.77%
2,493,349.50
4,152.78
1.15%
171,658.26
Aa3 / A
AA-
3.45
3.28
037833CU2 Apple Inc Callable Note Cont 3/11/2024
2.850% Due 05/11/2024
3,000,000.00 Various
2.56%
3,038,334.00
3,028,472.51
107.90
0.53%
3,237,093.00
33,250.00
1.51%
208,620.49
Aa1 / AA+
NR
3.61
3.27
24422ETT6 John Deere Capital Corp Note
2.650% Due 06/24/2024
1,000,000.00 08/26/2019
2.00%
1,029,680.00
1,022,942.20
107.63
0.58%
1,076,325.00
7,140.28
0.50%
53,382.80
A2 / A
A
3.73
3.55
02665WCZ2 American Honda Finance Note
2.400% Due 06/27/2024
1,500,000.00 07/10/2019
2.49%
1,493,742.00
1,495,285.78
105.82
0.82%
1,587,337.50
9,400.00
0.74%
92,051.72
A3 / A-
NR
3.74
3.57
78013XZU5 Royal Bank of Canada Note
2.550% Due 07/16/2024
2,500,000.00 09/10/2019
2.28%
2,531,325.00
2,524,507.52
106.98
0.68%
2,674,435.00
13,281.25
1.24%
149,927.48
A2 / A
AA
3.79
3.62
46647PAU0 JP Morgan Chase & Co Callable Note 1X 7/23/2023
3.797% Due 07/23/2024
2,500,000.00 09/12/2019
2.11%
2,632,175.00
2,603,755.88
108.33
0.80%
2,708,202.50
17,930.28
1.26%
104,446.62
A2 / A-
AA-
3.81
2.91
90331HPL1 US Bank NA Callable Note Cont 12/21/2024
2.050% Due 01/21/2025
2,610,000.00 01/16/2020
2.10%
2,604,440.70
2,605,213.59
105.61
0.70%
2,756,543.67
10,403.75
1.28%
151,330.08
A1 / AA-
AA-
4.31
4.04
438516CB0 Honeywell Intl Callable Note Cont 5/1/2025
1.350% Due 06/01/2025
2,500,000.00 06/23/2020
0.85%
2,559,500.00
2,556,207.51
103.10
0.66%
2,577,585.00
12,468.75
1.19%
21,377.49
A2 / A
A
4.67
4.43
TOTAL Corporate 46,535,000.00 2.57%
46,744,534.85
46,729,832.83 0.53%
48,948,015.35
276,906.97
22.71%
2,218,182.52
A1 / A+
A+
2.64
2.39
Money Market Fund FI
31846V203 First American Govt Obligation Fund Class Y 287,330.07 Various
0.01%
287,330.07
287,330.07
1.00
0.01%
287,330.07
0.00
0.13%
0.00
Aaa / AAA
AAA
0.00
0.00
TOTAL Money Market Fund FI 287,330.07 0.01%
287,330.07
287,330.07 0.01%
287,330.07
0.00
0.13%
0.00
Aaa / AAA
Aaa
0.00
0.00
Supranational
459058FY4 Intl. Bank Recon & Development Note
2.000% Due 01/26/2022
2,000,000.00 10/26/2017
2.12%
1,990,320.00
1,996,987.89
102.34
0.22%
2,046,860.00
7,222.22
0.95%
49,872.11
Aaa / NR
AAA
1.32
1.31
4581X0CZ9 Inter-American Dev Bank Note
1.750% Due 09/14/2022
2,500,000.00 11/28/2017
2.18%
2,451,675.00
2,480,299.76
102.96
0.23%
2,574,037.50
2,065.97
1.19%
93,737.74
Aaa / AAA
AAA
1.96
1.93
459058JB0 Intl. Bank Recon & Development Note
0.625% Due 04/22/2025
2,260,000.00 04/15/2020
0.70%
2,251,253.80
2,252,029.75
100.93
0.42%
2,281,042.86
6,238.54
1.06%
29,013.11
Aaa / AAA
NR
4.56
4.48
TOTAL Supranational 6,760,000.00 1.67%
6,693,248.80
6,729,317.40 0.29%
6,901,940.36
15,526.73
3.19%
172,622.96
Aaa / AAA
Aaa
2.63
2.59
As of September 30, 2020
34
Holdings Report
City of Dublin -Account #10198
CUSIP Security Description Par Value/Units Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
US Treasury
912828N89 US Treasury Note
1.375% Due 01/31/2021
1,000,000.00 03/15/2016
1.49%
994,417.41
999,617.80
100.41
0.15%
1,004,102.00
2,316.58
0.46%
4,484.20
Aaa / AA+
AAA
0.34
0.33
912828P87 US Treasury Note
1.125% Due 02/28/2021
3,000,000.00 12/28/2018
2.54%
2,911,171.88
2,983,133.90
100.42
0.11%
3,012,657.00
2,890.19
1.39%
29,523.10
Aaa / AA+
AAA
0.41
0.42
912828T34 US Treasury Note
1.125% Due 09/30/2021
1,500,000.00 Various
1.66%
1,463,144.24
1,492,406.23
100.98
0.15%
1,514,649.00
46.36
0.70%
22,242.77
Aaa / AA+
AAA
1.00
1.00
912828U65 US Treasury Note
1.750% Due 11/30/2021
2,500,000.00 12/28/2016
2.06%
2,464,461.50
2,491,594.96
101.88
0.13%
2,547,070.00
14,702.87
1.18%
55,475.04
Aaa / AA+
AAA
1.17
1.15
912828V72 US Treasury Note
1.875% Due 01/31/2022
1,500,000.00 02/27/2017
1.84%
1,502,407.37
1,500,652.05
102.33
0.13%
1,534,921.50
4,738.45
0.71%
34,269.45
Aaa / AA+
AAA
1.34
1.32
912828J76 US Treasury Note
1.750% Due 03/31/2022
3,000,000.00 04/25/2017
1.85%
2,985,830.37
2,995,701.88
102.43
0.13%
3,072,891.00
144.23
1.42%
77,189.12
Aaa / AA+
AAA
1.50
1.49
912828WZ9 US Treasury Note
1.750% Due 04/30/2022
2,750,000.00 05/23/2017
1.84%
2,738,944.75
2,746,466.25
102.56
0.13%
2,820,361.50
20,249.32
1.31%
73,895.25
Aaa / AA+
AAA
1.58
1.56
912828XR6 US Treasury Note
1.750% Due 05/31/2022
1,500,000.00 06/28/2017
1.81%
1,496,020.65
1,498,655.83
102.70
0.13%
1,540,488.00
8,821.72
0.71%
41,832.17
Aaa / AA+
AAA
1.67
1.64
912828XW5 US Treasury Note
1.750% Due 06/30/2022
3,000,000.00 07/25/2017
1.86%
2,984,072.55
2,994,363.45
102.83
0.13%
3,084,960.00
13,267.66
1.43%
90,596.55
Aaa / AA+
AAA
1.75
1.72
912828L24 US Treasury Note
1.875% Due 08/31/2022
2,000,000.00 09/27/2017
1.92%
1,995,944.20
1,998,423.25
103.33
0.13%
2,066,640.00
3,211.33
0.95%
68,216.75
Aaa / AA+
AAA
1.92
1.89
912828L57 US Treasury Note
1.750% Due 09/30/2022
3,750,000.00 Various
2.02%
3,702,841.80
3,730,776.81
103.23
0.13%
3,871,290.00
180.29
1.79%
140,513.19
Aaa / AA+
AAA
2.00
1.97
912828M49 US Treasury Note
1.875% Due 10/31/2022
1,000,000.00 01/30/2018
2.47%
973,359.38
988,323.60
103.62
0.14%
1,036,172.00
7,846.47
0.48%
47,848.40
Aaa / AA+
AAA
2.08
2.04
9128284D9 US Treasury Note
2.500% Due 03/31/2023
3,750,000.00 Various
2.75%
3,706,123.05
3,727,832.40
105.89
0.14%
3,970,897.50
257.55
1.83%
243,065.10
Aaa / AA+
AAA
2.50
2.44
912828R69 US Treasury Note
1.625% Due 05/31/2023
1,500,000.00 05/30/2018
2.67%
1,427,167.97
1,461,230.70
103.95
0.14%
1,559,179.50
8,191.60
0.72%
97,948.80
Aaa / AA+
AAA
2.67
2.61
912828U57 US Treasury Note
2.125% Due 11/30/2023
5,000,000.00 Various
2.53%
4,908,242.19
4,940,069.26
106.18
0.17%
5,309,180.00
35,706.97
2.47%
369,110.74
Aaa / AA+
AAA
3.17
3.06
912828V80 US Treasury Note
2.250% Due 01/31/2024
5,000,000.00 Various
2.32%
4,983,691.41
4,988,713.45
106.89
0.18%
5,344,725.00
18,953.80
2.47%
356,011.55
Aaa / AA+
AAA
3.34
3.22
912828WJ5 US Treasury Note
2.500% Due 05/15/2024
1,750,000.00 06/10/2019
1.91%
1,798,261.72
1,785,445.55
108.33
0.19%
1,895,741.75
16,525.14
0.88%
110,296.20
Aaa / AA+
AAA
3.62
3.46
As of September 30, 2020
35
Holdings Report
City of Dublin -Account #10198
CUSIP Security Description Par Value/Units Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
9128282N9 US Treasury Note
2.125% Due 07/31/2024
2,000,000.00 08/30/2019
1.44%
2,064,531.25
2,050,238.85
107.35
0.20%
2,146,954.00
7,160.33
0.99%
96,715.15
Aaa / AA+
AAA
3.84
3.69
912828YH7 US Treasury Note
1.500% Due 09/30/2024
3,500,000.00 Various
1.65%
3,474,941.41
3,479,337.54
105.14
0.21%
3,679,784.50
144.23
1.70%
200,446.96
Aaa / AA+
AAA
4.00
3.90
9128283J7 US Treasury Note
2.125% Due 11/30/2024
3,000,000.00 Various
1.76%
3,051,650.40
3,043,373.69
107.88
0.22%
3,236,367.00
21,424.19
1.50%
192,993.31
Aaa / AA+
AAA
4.17
3.99
912828ZC7 US Treasury Note
1.125% Due 02/28/2025
3,500,000.00 03/24/2020
0.52%
3,603,222.66
3,592,332.98
103.92
0.23%
3,637,130.00
3,371.89
1.68%
44,797.02
Aaa / AA+
AAA
4.42
4.31
912828ZL7 US Treasury Note
0.375% Due 04/30/2025
4,000,000.00 Various
0.38%
3,998,593.75
3,998,679.07
100.59
0.25%
4,023,592.00
6,277.18
1.86%
24,912.93
Aaa / AA+
AAA
4.58
4.54
TOTAL US Treasury 59,500,000.00 1.88%
59,229,041.91
59,487,369.50 0.17%
61,909,753.25
196,428.35
28.65%
2,422,383.75
Aaa / AA+
Aaa
2.67
2.61
TOTAL PORTFOLIO 207,605,717.61 1.94%
208,088,564.41
208,235,468.54 0.29%
215,977,047.05
822,822.41
100.00%
7,741,578.51
Aa1 / AA
Aaa
2.70
2.50
TOTAL MARKET VALUE PLUS ACCRUALS 216,799,869.46
As of September 30, 2020
36
Holdings Report
City of Dublin Reporting Account -Account #10219
CUSIP Security Description Par Value/Units Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
LAIF
90LAIF$00 Local Agency Investment Fund State Pool 50,069,344.69 Various
0.66%
50,069,344.69
50,069,344.69
1.00
0.66%
50,069,344.69
100,879.68
56.97%
0.00
NR / NR
NR
0.00
0.00
TOTAL LAIF 50,069,344.69 0.66%
50,069,344.69
50,069,344.69 0.66%
50,069,344.69
100,879.68
56.97%
0.00
NR / NR
NR
0.00
0.00
Local Gov Investment Pool
90CAMP$00 California Asset Mgmt Program CAMP 37,890,431.78 Various
0.25%
37,890,431.78
37,890,431.78
1.00
0.25%
37,890,431.78
0.00
43.03%
0.00
NR / AAA
NR
0.00
0.00
TOTAL Local Gov Investment Pool 37,890,431.78 0.25%
37,890,431.78
37,890,431.78 0.25%
37,890,431.78
0.00
43.03%
0.00
NR / AAA
NR
0.00
0.00
TOTAL PORTFOLIO 87,959,776.47 0.48%
87,959,776.47
87,959,776.47 0.48%
87,959,776.47
100,879.68
100.00%
0.00
NR / AAA
NR
0.00
0.00
TOTAL MARKET VALUE PLUS ACCRUALS 88,060,656.15
As of September 30, 2020
37
SECTION |Section 5 |Transactions
38
Transaction Ledger
City of Dublin -Account #10198
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 07/10/2020 3135G05G4 2,350,000.00 FNMA Note
0.25% Due: 07/10/2023
99.785 0.32%2,344,947.50 0.00 2,344,947.50 0.00
Purchase 07/22/2020 47787NAC3 515,000.00 John Deere Owner Trust 2020-B A3
0.51% Due: 11/15/2024
99.985 0.52%514,921.51 0.00 514,921.51 0.00
Purchase 07/23/2020 3137EAEU9 1,745,000.00 FHLMC Note
0.375% Due: 07/21/2025
99.502 0.48%1,736,309.90 0.00 1,736,309.90 0.00
Purchase 07/27/2020 89237VAB5 1,025,000.00 Toyota Auto Receivables Trust 2020-C A3
0.44% Due: 10/15/2024
99.992 0.44%1,024,921.08 0.00 1,024,921.08 0.00
Purchase 08/27/2020 3135G05X7 2,755,000.00 FNMA Note
0.375% Due: 08/25/2025
99.532 0.47%2,742,106.60 0.00 2,742,106.60 0.00
Purchase 09/25/2020 3137EAEX3 2,655,000.00 FHLMC Note
0.375% Due: 09/23/2025
99.699 0.44%2,647,008.45 0.00 2,647,008.45 0.00
Purchase 09/29/2020 43813KAC6 1,120,000.00 Honda Auto Receivables Trust 2020-3 A3
0.37% Due: 10/18/2024
99.985 0.38%1,119,835.47 0.00 1,119,835.47 0.00
Subtotal 12,165,000.00 12,130,050.51 0.00 12,130,050.51 0.00
TOTAL ACQUISITIONS 12,165,000.00 12,130,050.51 0.00 12,130,050.51 0.00
DISPOSITIONS
Sale 07/09/2020 3135G0F73 1,000,000.00 FNMA Note
1.5% Due: 11/30/2020
100.521 1.87%1,005,210.00 1,625.00 1,006,835.00 6,610.44
Sale 07/22/2020 9127963Q0 900,000.00 US Treasury Bill
0.141% Due: 08/25/2020
99.992 0.14%899,923.50 0.00 899,923.50 42.92
Sale 09/24/2020 912828N89 1,000,000.00 US Treasury Note
1.375% Due: 01/31/2021
100.445 1.49%1,004,453.13 2,055.03 1,006,508.16 4,857.26
Subtotal 2,900,000.00 2,909,586.63 3,680.03 2,913,266.66 11,510.62
June 30, 2020 through September 30, 2020
As of September 30, 2020
39
Transaction Ledger
City of Dublin -Account #10198
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Redemption 08/21/2020 404280BF5 1,500,000.00 HSBC Holdings PLC Note
2.65% Due: 01/05/2022
103.140 2.89%1,547,100.00 5,079.17 1,552,179.17 0.00
Subtotal 1,500,000.00 1,547,100.00 5,079.17 1,552,179.17 0.00
Maturity 07/14/2020 24422ESY6 1,000,000.00 John Deere Capital Corp Note
2.375% Due: 07/14/2020
100.000 1,000,000.00 0.00 1,000,000.00 0.00
Maturity 08/25/2020 9127963Q0 1,300,000.00 US Treasury Bill
0.141% Due: 08/25/2020
100.000 1,300,000.00 0.00 1,300,000.00 0.00
Subtotal 2,300,000.00 2,300,000.00 0.00 2,300,000.00 0.00
TOTAL DISPOSITIONS 6,700,000.00 6,756,686.63 8,759.20 6,765,445.83 11,510.62
June 30, 2020 through September 30, 2020
As of September 30, 2020
40
Transaction Ledger
City of Dublin Reporting Account -Account #10219
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 07/15/2020 90LAIF$00 168,371.21 Local Agency Investment Fund State Pool 1.000 1.15%168,371.21 0.00 168,371.21 0.00
Purchase 07/31/2020 90CAMP$00 14,987.14 California Asset Mgmt Program CAMP 1.000 0.30%14,987.14 0.00 14,987.14 0.00
Purchase 08/31/2020 90CAMP$00 10,392.83 California Asset Mgmt Program CAMP 1.000 0.30%10,392.83 0.00 10,392.83 0.00
Purchase 09/30/2020 90CAMP$00 8,291.55 California Asset Mgmt Program CAMP 1.000 0.25%8,291.55 0.00 8,291.55 0.00
Subtotal 202,042.73 202,042.73 0.00 202,042.73 0.00
Security
Contribution
09/22/2020 90CAMP$00 1,500,000.00 California Asset Mgmt Program CAMP 1.000 1,500,000.00 0.00 1,500,000.00 0.00
Security
Contribution
09/28/2020 90CAMP$00 1,200,000.00 California Asset Mgmt Program CAMP 1.000 1,200,000.00 0.00 1,200,000.00 0.00
Subtotal 2,700,000.00 2,700,000.00 0.00 2,700,000.00 0.00
TOTAL ACQUISITIONS 2,902,042.73 2,902,042.73 0.00 2,902,042.73 0.00
DISPOSITIONS
Security
Withdrawal
07/02/2020 90CAMP$00 5,000,000.00 California Asset Mgmt Program CAMP 1.000 5,000,000.00 0.00 5,000,000.00 0.00
Security
Withdrawal
07/24/2020 90CAMP$00 4,400,000.00 California Asset Mgmt Program CAMP 1.000 4,400,000.00 0.00 4,400,000.00 0.00
Security
Withdrawal
08/10/2020 90CAMP$00 3,000,000.00 California Asset Mgmt Program CAMP 1.000 3,000,000.00 0.00 3,000,000.00 0.00
Security
Withdrawal
08/28/2020 90CAMP$00 2,000,000.00 California Asset Mgmt Program CAMP 1.000 2,000,000.00 0.00 2,000,000.00 0.00
Security
Withdrawal
09/11/2020 90CAMP$00 1,000,000.00 California Asset Mgmt Program CAMP 1.000 1,000,000.00 0.00 1,000,000.00 0.00
June 30, 2020 through September 30, 2020
As of September 30, 2020
41
Transaction Ledger
City of Dublin Reporting Account -Account #10219
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Security
Withdrawal
09/14/2020 90CAMP$00 2,000,000.00 California Asset Mgmt Program CAMP 1.000 2,000,000.00 0.00 2,000,000.00 0.00
Subtotal 17,400,000.00 17,400,000.00 0.00 17,400,000.00 0.00
TOTAL DISPOSITIONS 17,400,000.00 17,400,000.00 0.00 17,400,000.00 0.00
June 30, 2020 through September 30, 2020
As of September 30, 2020
42
Important Disclosures
2020 Chandler Asset Management,Inc, An Independent Registered Investment Adviser.
Information contained herein is confidential.Prices are provided by IDC,an independent pricing source.In the event IDC does not provide a price or if the price provided is not reflective of fair market
value,Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures.Our valuation procedures are also disclosed in
Item 5 of our Form ADV Part 2A.
Performance results are presented gross-of-advisory fees and represent the client’s Total Return.The deduction of advisory fees lowers performance results.These results include the reinvestment of
dividends and other earnings.Past performance may not be indicative of future results.Therefore,clients should not assume that future performance of any specific investment or investment strategy
will be profitable or equal to past performance levels.All investment strategies have the potential for profit or loss.Economic factors,market conditions or changes in investment strategies,
contributions or withdrawals may materially alter the performance and results of your portfolio.
Index returns assume reinvestment of all distributions.Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the
deduction of an investment management fee,the incurrence of which would have the effect of decreasing historical performance results.It is not possible to invest directly in an index.
Source ice Data Indices,LLC ("ICE"),used with permission. ICE permits use of the ICE indices and related data on an "as is"basis; ICE,its affiliates and their respective third party suppliers disclaim any and
all warranties and representations, express and/or implied,including any warranties of merchantability or fitness for a particular purpose or use,including the indices,index data and any data included
in,related to,or derived therefrom.Neither ICE data,its affiliates or their respective third party providers guarantee the quality,adequacy,accuracy,timeliness or completeness of the indices or the
index data or any component thereof,and the indices and index data and all components thereof are provided on an "as is"basis and licensee's use it at licensee's own risk. ICE data,its affiliates and their
respective third party do not sponsor,endorse,or recommend chandler asset management,or any of its products or services.
This report is provided for informational purposes only and should not be construed as a specific investment or legal advice.The information contained herein was obtained from sources believed to be
reliable as of the date of publication,but may become outdated or superseded at any time without notice.Any opinions or views expressed are based on current market conditions and are subject to
change.This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results.Past performance is not indicative of
future results.This report is not intended to constitute an offer,solicitation,recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a
substitute for the exercise of their own judgment.
Fixed income investments are subject to interest, credit and market risk.Interest rate risk:the value of fixed income investments will decline as interest rates rise.Credit risk:the possibility that the
borrower may not be able to repay interest and principal.Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk.Market risk:the bond market in
general could decline due to economic conditions,especially during periods of rising interest rates.
Ratings information have been provided by Moody’s,S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.
Security level ratings for U.S.Agency issued mortgage-backed securities (“MBS”)reflect the issuer rating because the securities themselves are not rated.The issuing U.S.Agency guarantees the full and
timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P,Moody’s and Fitch respectively.
As of September 30, 2020
43
Benchmark Disclosures
ICE BAML 1-5 Yr US Treasury/Agency Index
The ICE BAML 1-5 Year US Treasury &Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market.Qualifying
securities must have an investment grade rating (based on an average of Moody’s,S&P and Fitch).Qualifying securities must have at least one year remaining term to final maturity and less than five
years remaining term to final maturity,at least 18 months to maturity at time of issuance,a fixed coupon schedule and a minimum amount outstanding of $1 billion for sovereigns and $250 million for
agencies.(Index:GVA0.Please visit www.mlindex.ml.com for more information)
The ICE BAML 1-3 Year US Treasury &Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market.Qualifying
securities must have an investment grade rating (based on an average of Moody’s,S&P and Fitch).Qualifying securities must have at least one year remaining term to final maturity and less than three
years remaining term to final maturity,at least 18 months to maturity at time of issuance,a fixed coupon schedule and a minimum amount outstanding of $1 billion for sovereigns and $250 million for
agencies.(Index:G1A0.Please visit www.mlindex.ml.com for more information)
As of September 30, 2020
44
Transaction Ledger
As of July 31, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 07/01/2020 31846V203 15.21 First American Govt Obligation Fund
Class Y
1.000 0.01%15.21 0.00 15.21 0.00
Purchase 07/05/2020 31846V203 44,875.00 First American Govt Obligation Fund
Class Y
1.000 0.01%44,875.00 0.00 44,875.00 0.00
Purchase 07/07/2020 31846V203 33,556.25 First American Govt Obligation Fund
Class Y
1.000 0.01%33,556.25 0.00 33,556.25 0.00
Purchase 07/08/2020 31846V203 9,562.50 First American Govt Obligation Fund
Class Y
1.000 0.01%9,562.50 0.00 9,562.50 0.00
Purchase 07/09/2020 31846V203 1,006,835.00 First American Govt Obligation Fund
Class Y
1.000 0.01%1,006,835.00 0.00 1,006,835.00 0.00
Purchase 07/10/2020 3135G05G4 2,350,000.00 FNMA Note
0.25% Due 7/10/2023
99.785 0.32%2,344,947.50 0.00 2,344,947.50 0.00
Purchase 07/14/2020 31846V203 1,000,000.00 First American Govt Obligation Fund
Class Y
1.000 0.01%1,000,000.00 0.00 1,000,000.00 0.00
Purchase 07/14/2020 31846V203 43,187.50 First American Govt Obligation Fund
Class Y
1.000 0.01%43,187.50 0.00 43,187.50 0.00
Purchase 07/15/2020 31846V203 2,541.17 First American Govt Obligation Fund
Class Y
1.000 0.01%2,541.17 0.00 2,541.17 0.00
Purchase 07/15/2020 31846V203 3,975.00 First American Govt Obligation Fund
Class Y
1.000 0.01%3,975.00 0.00 3,975.00 0.00
Purchase 07/15/2020 31846V203 110,401.30 First American Govt Obligation Fund
Class Y
1.000 0.01%110,401.30 0.00 110,401.30 0.00
Purchase 07/15/2020 31846V203 61,510.14 First American Govt Obligation Fund
Class Y
1.000 0.01%61,510.14 0.00 61,510.14 0.00
Purchase 07/15/2020 31846V203 9,096.50 First American Govt Obligation Fund
Class Y
1.000 0.01%9,096.50 0.00 9,096.50 0.00
Purchase 07/15/2020 31846V203 24,223.46 First American Govt Obligation Fund
Class Y
1.000 0.01%24,223.46 0.00 24,223.46 0.00
Purchase 07/15/2020 31846V203 74,509.90 First American Govt Obligation Fund
Class Y
1.000 0.01%74,509.90 0.00 74,509.90 0.00
Purchase 07/15/2020 31846V203 83,751.60 First American Govt Obligation Fund
Class Y
1.000 0.01%83,751.60 0.00 83,751.60 0.00
Execution Time: 8/28/2020 10:20:01 AMChandler Asset Management - CONFIDENTIAL Page 10
Transaction Ledger
As of July 31, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 07/15/2020 31846V203 82,133.68 First American Govt Obligation Fund
Class Y
1.000 0.01%82,133.68 0.00 82,133.68 0.00
Purchase 07/15/2020 31846V203 95,772.90 First American Govt Obligation Fund
Class Y
1.000 0.01%95,772.90 0.00 95,772.90 0.00
Purchase 07/15/2020 90LAIF$00 168,371.21 Local Agency Investment Fund State
Pool
1.000 1.15%168,371.21 0.00 168,371.21 0.00
Purchase 07/16/2020 31846V203 31,875.00 First American Govt Obligation Fund
Class Y
1.000 0.01%31,875.00 0.00 31,875.00 0.00
Purchase 07/19/2020 31846V203 29,687.50 First American Govt Obligation Fund
Class Y
1.000 0.01%29,687.50 0.00 29,687.50 0.00
Purchase 07/20/2020 31846V203 43,326.43 First American Govt Obligation Fund
Class Y
1.000 0.01%43,326.43 0.00 43,326.43 0.00
Purchase 07/20/2020 31846V203 131,444.63 First American Govt Obligation Fund
Class Y
1.000 0.01%131,444.63 0.00 131,444.63 0.00
Purchase 07/21/2020 31846V203 26,752.50 First American Govt Obligation Fund
Class Y
1.000 0.01%26,752.50 0.00 26,752.50 0.00
Purchase 07/21/2020 31846V203 88,702.29 First American Govt Obligation Fund
Class Y
1.000 0.01%88,702.29 0.00 88,702.29 0.00
Purchase 07/22/2020 31846V203 899,923.50 First American Govt Obligation Fund
Class Y
1.000 0.01%899,923.50 0.00 899,923.50 0.00
Purchase 07/22/2020 47787NAC3 515,000.00 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
99.985 0.52%514,921.51 0.00 514,921.51 0.00
Purchase 07/23/2020 3137EAEU9 1,745,000.00 FHLMC Note
0.375% Due 7/21/2025
99.502 0.48%1,736,309.90 0.00 1,736,309.90 0.00
Purchase 07/23/2020 31846V203 47,462.50 First American Govt Obligation Fund
Class Y
1.000 0.01%47,462.50 0.00 47,462.50 0.00
Purchase 07/24/2020 31846V203 13,125.00 First American Govt Obligation Fund
Class Y
1.000 0.01%13,125.00 0.00 13,125.00 0.00
Purchase 07/25/2020 31846V203 26,500.00 First American Govt Obligation Fund
Class Y
1.000 0.01%26,500.00 0.00 26,500.00 0.00
Execution Time: 8/28/2020 10:20:01 AMChandler Asset Management - CONFIDENTIAL Page 11
Transaction Ledger
As of July 31, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 07/26/2020 31846V203 43,125.00 First American Govt Obligation Fund
Class Y
1.000 0.01%43,125.00 0.00 43,125.00 0.00
Purchase 07/27/2020 89237VAB5 1,025,000.00 Toyota Auto Receivables Trust 2020-C
A3
0.44% Due 10/15/2024
99.992 0.44%1,024,921.08 0.00 1,024,921.08 0.00
Purchase 07/31/2020 31846V203 105,312.50 First American Govt Obligation Fund
Class Y
1.000 0.01%105,312.50 0.00 105,312.50 0.00
Purchase 07/31/2020 90CAMP$00 14,987.14 California Asset Mgmt Program CAMP 1.000 0.30%14,987.14 0.00 14,987.14 0.00
Subtotal 9,991,542.31 9,977,642.30 0.00 9,977,642.30 0.00
TOTAL ACQUISITIONS 9,991,542.31 9,977,642.30 0.00 9,977,642.30 0.00
DISPOSITIONS
Sale 07/09/2020 3135G0F73 1,000,000.00 FNMA Note
1.5% Due 11/30/2020
100.521 1.87%1,005,210.00 1,625.00 1,006,835.00 6,610.44
Sale 07/10/2020 31846V203 2,344,947.50 First American Govt Obligation Fund
Class Y
1.000 0.01%2,344,947.50 0.00 2,344,947.50 0.00
Sale 07/22/2020 31846V203 514,921.51 First American Govt Obligation Fund
Class Y
1.000 0.01%514,921.51 0.00 514,921.51 0.00
Sale 07/22/2020 9127963Q0 900,000.00 US Treasury Bill
0.141% Due 8/25/2020
99.992 0.14%899,923.50 0.00 899,923.50 42.92
Sale 07/23/2020 31846V203 1,736,309.90 First American Govt Obligation Fund
Class Y
1.000 0.01%1,736,309.90 0.00 1,736,309.90 0.00
Sale 07/27/2020 31846V203 1,024,921.08 First American Govt Obligation Fund
Class Y
1.000 0.01%1,024,921.08 0.00 1,024,921.08 0.00
Subtotal 7,521,099.99 7,526,233.49 1,625.00 7,527,858.49 6,653.36
Paydown 07/15/2020 43815NAB0 108,611.92 Honda Auto Receivables Trust 2019-3
A2
1.9% Due 4/15/2022
100.000 108,611.92 1,789.38 110,401.30 0.00
Execution Time: 8/28/2020 10:20:01 AMChandler Asset Management - CONFIDENTIAL Page 12
Transaction Ledger
As of July 31, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 07/15/2020 477870AB5 60,336.83 John Deere Owner Trust 2019-B A2
2.28% Due 5/16/2022
100.000 60,336.83 1,173.31 61,510.14 0.00
Paydown 07/15/2020 47788BAD6 9,037.88 John Deere Owner Trust 2017-B A3
1.82% Due 10/15/2021
100.000 9,037.88 58.62 9,096.50 0.00
Paydown 07/15/2020 47788CAC6 23,714.60 John Deere Owner Trust 2018-A A3
2.66% Due 4/18/2022
100.000 23,714.60 508.86 24,223.46 0.00
Paydown 07/15/2020 47788EAC2 71,359.25 John Deere Owner Trust 2018-B A3
3.08% Due 11/15/2022
100.000 71,359.25 3,150.65 74,509.90 0.00
Paydown 07/15/2020 47789JAB2 82,764.83 John Deere Owner Trust 2019-A A2
2.85% Due 12/15/2021
100.000 82,764.83 986.77 83,751.60 0.00
Paydown 07/15/2020 65479GAD1 79,057.71 Nissan Auto Receivables Trust 2018-B
A3
3.06% Due 3/15/2023
100.000 79,057.71 3,075.97 82,133.68 0.00
Paydown 07/15/2020 65479JAD5 0.00 Nissan Auto Receivables Owner 2019-C
A3
1.93% Due 7/15/2024
100.000 0.00 2,541.17 2,541.17 0.00
Paydown 07/15/2020 89231PAD0 0.00 Toyota Auto Receivables Trust 2018-D
A3
3.18% Due 3/15/2023
100.000 0.00 3,975.00 3,975.00 0.00
Paydown 07/15/2020 89239AAB9 94,731.91 Toyota Auto Receivables Trust 2019-A
A2A
2.83% Due 10/15/2021
100.000 94,731.91 1,040.99 95,772.90 0.00
Paydown 07/20/2020 43814UAG4 42,179.77 Honda Auto Receivables Trust 2018-2
A3
3.01% Due 5/18/2022
100.000 42,179.77 1,146.66 43,326.43 0.00
Paydown 07/20/2020 43814WAB1 129,967.22 Honda Auto Receivables Trust 2019-1
A2
2.75% Due 9/20/2021
100.000 129,967.22 1,477.41 131,444.63 0.00
Paydown 07/21/2020 43815HAC1 86,020.45 Honda Auto Receivables Trust 2018-3
A3
2.95% Due 8/22/2022
100.000 86,020.45 2,681.84 88,702.29 0.00
Subtotal 787,782.37 787,782.37 23,606.63 811,389.00 0.00
Execution Time: 8/28/2020 10:20:01 AMChandler Asset Management - CONFIDENTIAL Page 13
Transaction Ledger
As of July 31, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Maturity 07/14/2020 24422ESY6 1,000,000.00 John Deere Capital Corp Note
2.375% Due 7/14/2020
100.000 1,000,000.00 0.00 1,000,000.00 0.00
Subtotal 1,000,000.00 1,000,000.00 0.00 1,000,000.00 0.00
Security
Withdrawal
07/02/2020 90CAMP$00 5,000,000.00 California Asset Mgmt Program CAMP 1.000 5,000,000.00 0.00 5,000,000.00 0.00
Security
Withdrawal
07/24/2020 90CAMP$00 4,400,000.00 California Asset Mgmt Program CAMP 1.000 4,400,000.00 0.00 4,400,000.00 0.00
Security
Withdrawal
07/27/2020 31846V203 104.17 First American Govt Obligation Fund
Class Y
1.000 104.17 0.00 104.17 0.00
Subtotal 9,400,104.17 9,400,104.17 0.00 9,400,104.17 0.00
TOTAL DISPOSITIONS 18,708,986.53 18,714,120.03 25,231.63 18,739,351.66 6,653.36
OTHER TRANSACTIONS
Interest 07/05/2020 3135G0S38 2,500,000.00 FNMA Note
2% Due 1/5/2022
0.000 25,000.00 0.00 25,000.00 0.00
Interest 07/05/2020 404280BF5 1,500,000.00 HSBC Holdings PLC Note
2.65% Due 1/5/2022
0.000 19,875.00 0.00 19,875.00 0.00
Interest 07/07/2020 3135G0X24 4,200,000.00 FNMA Note
1.625% Due 1/7/2025
0.000 33,556.25 0.00 33,556.25 0.00
Interest 07/08/2020 24422ETF6 750,000.00 John Deere Capital Corp Note
2.55% Due 1/8/2021
0.000 9,562.50 0.00 9,562.50 0.00
Interest 07/14/2020 02665WCJ8 1,000,000.00 American Honda Finance Note
3.45% Due 7/14/2023
0.000 17,250.00 0.00 17,250.00 0.00
Interest 07/14/2020 24422ESY6 1,000,000.00 John Deere Capital Corp Note
2.375% Due 7/14/2020
0.000 11,875.00 0.00 11,875.00 0.00
Interest 07/14/2020 3130A8QS5 2,500,000.00 FHLB Note
1.125% Due 7/14/2021
0.000 14,062.50 0.00 14,062.50 0.00
Interest 07/16/2020 78013XZU5 2,500,000.00 Royal Bank of Canada Note
2.55% Due 7/16/2024
0.000 31,875.00 0.00 31,875.00 0.00
Execution Time: 8/28/2020 10:20:01 AMChandler Asset Management - CONFIDENTIAL Page 14
Transaction Ledger
As of July 31, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
OTHER TRANSACTIONS
Interest 07/19/2020 3135G0T94 2,500,000.00 FNMA Note
2.375% Due 1/19/2023
0.000 29,687.50 0.00 29,687.50 0.00
Interest 07/21/2020 90331HPL1 2,610,000.00 US Bank NA Callable Note Cont
12/21/2024
2.05% Due 1/21/2025
0.000 26,752.50 0.00 26,752.50 0.00
Interest 07/23/2020 46647PAU0 2,500,000.00 JP Morgan Chase & Co Callable Note 1X
7/23/2023
3.797% Due 7/23/2024
0.000 47,462.50 0.00 47,462.50 0.00
Interest 07/24/2020 91159HHP8 1,000,000.00 US Bancorp Callable Note Cont
12/23/2021
2.625% Due 1/24/2022
0.000 13,125.00 0.00 13,125.00 0.00
Interest 07/25/2020 808513AT2 2,000,000.00 Charles Schwab Corp Callable Note
Cont 12/25/2022
2.65% Due 1/25/2023
0.000 26,500.00 0.00 26,500.00 0.00
Interest 07/26/2020 3133EKWV4 2,500,000.00 FFCB Note
1.85% Due 7/26/2024
0.000 23,125.00 0.00 23,125.00 0.00
Interest 07/26/2020 459058FY4 2,000,000.00 Intl. Bank Recon & Development Note
2% Due 1/26/2022
0.000 20,000.00 0.00 20,000.00 0.00
Interest 07/31/2020 9128282N9 2,000,000.00 US Treasury Note
2.125% Due 7/31/2024
0.000 21,250.00 0.00 21,250.00 0.00
Interest 07/31/2020 912828N89 2,000,000.00 US Treasury Note
1.375% Due 1/31/2021
0.000 13,750.00 0.00 13,750.00 0.00
Interest 07/31/2020 912828V72 1,500,000.00 US Treasury Note
1.875% Due 1/31/2022
0.000 14,062.50 0.00 14,062.50 0.00
Interest 07/31/2020 912828V80 5,000,000.00 US Treasury Note
2.25% Due 1/31/2024
0.000 56,250.00 0.00 56,250.00 0.00
Subtotal 41,560,000.00 455,021.25 0.00 455,021.25 0.00
Dividend 07/01/2020 31846V203 2,018,086.07 First American Govt Obligation Fund
Class Y
0.000 15.21 0.00 15.21 0.00
Dividend 07/15/2020 90LAIF$00 4,537,490,192.20 Local Agency Investment Fund State
Pool
0.000 168,371.21 0.00 168,371.21 0.00
Execution Time: 8/28/2020 10:20:01 AMChandler Asset Management - CONFIDENTIAL Page 15
Transaction Ledger
As of July 31, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
OTHER TRANSACTIONS
Dividend 07/31/2020 90CAMP$00 43,156,760.26 California Asset Mgmt Program CAMP 0.000 14,987.14 0.00 14,987.14 0.00
Subtotal 4,582,665,038.53 183,373.56 0.00 183,373.56 0.00
TOTAL OTHER TRANSACTIONS 4,624,225,038.53 638,394.81 0.00 638,394.81 0.00
Execution Time: 8/28/2020 10:20:01 AMChandler Asset Management - CONFIDENTIAL Page 16
Transaction Ledger
As of August 31, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 08/03/2020 31846V203 8.69 First American Govt Obligation Fund
Class Y
1.000 0.01%8.69 0.00 8.69 0.00
Purchase 08/05/2020 31846V203 25,000.00 First American Govt Obligation Fund
Class Y
1.000 0.01%25,000.00 0.00 25,000.00 0.00
Purchase 08/06/2020 31846V203 30,000.00 First American Govt Obligation Fund
Class Y
1.000 0.01%30,000.00 0.00 30,000.00 0.00
Purchase 08/08/2020 31846V203 14,337.50 First American Govt Obligation Fund
Class Y
1.000 0.01%14,337.50 0.00 14,337.50 0.00
Purchase 08/11/2020 31846V203 20,700.00 First American Govt Obligation Fund
Class Y
1.000 0.01%20,700.00 0.00 20,700.00 0.00
Purchase 08/12/2020 31846V203 48,025.00 First American Govt Obligation Fund
Class Y
1.000 0.01%48,025.00 0.00 48,025.00 0.00
Purchase 08/14/2020 31846V203 32,000.00 First American Govt Obligation Fund
Class Y
1.000 0.01%32,000.00 0.00 32,000.00 0.00
Purchase 08/17/2020 31846V203 225.50 First American Govt Obligation Fund
Class Y
1.000 0.01%225.50 0.00 225.50 0.00
Purchase 08/17/2020 31846V203 3,975.00 First American Govt Obligation Fund
Class Y
1.000 0.01%3,975.00 0.00 3,975.00 0.00
Purchase 08/17/2020 31846V203 2,541.17 First American Govt Obligation Fund
Class Y
1.000 0.01%2,541.17 0.00 2,541.17 0.00
Purchase 08/17/2020 31846V203 114,072.82 First American Govt Obligation Fund
Class Y
1.000 0.01%114,072.82 0.00 114,072.82 0.00
Purchase 08/17/2020 31846V203 80,922.97 First American Govt Obligation Fund
Class Y
1.000 0.01%80,922.97 0.00 80,922.97 0.00
Purchase 08/17/2020 31846V203 11,556.28 First American Govt Obligation Fund
Class Y
1.000 0.01%11,556.28 0.00 11,556.28 0.00
Purchase 08/17/2020 31846V203 30,359.38 First American Govt Obligation Fund
Class Y
1.000 0.01%30,359.38 0.00 30,359.38 0.00
Purchase 08/17/2020 31846V203 88,275.03 First American Govt Obligation Fund
Class Y
1.000 0.01%88,275.03 0.00 88,275.03 0.00
Purchase 08/17/2020 31846V203 101,167.82 First American Govt Obligation Fund
Class Y
1.000 0.01%101,167.82 0.00 101,167.82 0.00
Execution Time: 9/10/2020 9:13:00 AMChandler Asset Management - CONFIDENTIAL Page 10
Transaction Ledger
As of August 31, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 08/17/2020 31846V203 81,102.66 First American Govt Obligation Fund
Class Y
1.000 0.01%81,102.66 0.00 81,102.66 0.00
Purchase 08/17/2020 31846V203 97,205.93 First American Govt Obligation Fund
Class Y
1.000 0.01%97,205.93 0.00 97,205.93 0.00
Purchase 08/18/2020 31846V203 23,856.25 First American Govt Obligation Fund
Class Y
1.000 0.01%23,856.25 0.00 23,856.25 0.00
Purchase 08/18/2020 31846V203 43,234.50 First American Govt Obligation Fund
Class Y
1.000 0.01%43,234.50 0.00 43,234.50 0.00
Purchase 08/18/2020 31846V203 133,311.73 First American Govt Obligation Fund
Class Y
1.000 0.01%133,311.73 0.00 133,311.73 0.00
Purchase 08/21/2020 31846V203 88,260.51 First American Govt Obligation Fund
Class Y
1.000 0.01%88,260.51 0.00 88,260.51 0.00
Purchase 08/21/2020 31846V203 1,552,179.17 First American Govt Obligation Fund
Class Y
1.000 0.01%1,552,179.17 0.00 1,552,179.17 0.00
Purchase 08/25/2020 31846V203 1,300,000.00 First American Govt Obligation Fund
Class Y
1.000 0.01%1,300,000.00 0.00 1,300,000.00 0.00
Purchase 08/26/2020 31846V203 34,375.00 First American Govt Obligation Fund
Class Y
1.000 0.01%34,375.00 0.00 34,375.00 0.00
Purchase 08/27/2020 3135G05X7 2,755,000.00 FNMA Note
0.375% Due 8/25/2025
99.532 0.47%2,742,106.60 0.00 2,742,106.60 0.00
Purchase 08/31/2020 31846V203 55,312.50 First American Govt Obligation Fund
Class Y
1.000 0.01%55,312.50 0.00 55,312.50 0.00
Purchase 08/31/2020 90CAMP$00 10,392.83 California Asset Mgmt Program CAMP 1.000 0.30%10,392.83 0.00 10,392.83 0.00
Subtotal 6,777,398.24 6,764,504.84 0.00 6,764,504.84 0.00
TOTAL ACQUISITIONS 6,777,398.24 6,764,504.84 0.00 6,764,504.84 0.00
Execution Time: 9/10/2020 9:13:00 AMChandler Asset Management - CONFIDENTIAL Page 11
Transaction Ledger
As of August 31, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Sale 08/27/2020 31846V203 2,742,106.60 First American Govt Obligation Fund
Class Y
1.000 0.01%2,742,106.60 0.00 2,742,106.60 0.00
Subtotal 2,742,106.60 2,742,106.60 0.00 2,742,106.60 0.00
Paydown 08/17/2020 43815NAB0 112,455.41 Honda Auto Receivables Trust 2019-3
A2
1.9% Due 4/15/2022
100.000 112,455.41 1,617.41 114,072.82 0.00
Paydown 08/17/2020 477870AB5 79,864.30 John Deere Owner Trust 2019-B A2
2.28% Due 5/16/2022
100.000 79,864.30 1,058.67 80,922.97 0.00
Paydown 08/17/2020 47788BAD6 11,511.37 John Deere Owner Trust 2017-B A3
1.82% Due 10/15/2021
100.000 11,511.37 44.91 11,556.28 0.00
Paydown 08/17/2020 47788CAC6 29,903.09 John Deere Owner Trust 2018-A A3
2.66% Due 4/18/2022
100.000 29,903.09 456.29 30,359.38 0.00
Paydown 08/17/2020 47788EAC2 85,307.54 John Deere Owner Trust 2018-B A3
3.08% Due 11/15/2022
100.000 85,307.54 2,967.49 88,275.03 0.00
Paydown 08/17/2020 47789JAB2 100,377.61 John Deere Owner Trust 2019-A A2
2.85% Due 12/15/2021
100.000 100,377.61 790.21 101,167.82 0.00
Paydown 08/17/2020 65479GAD1 78,228.28 Nissan Auto Receivables Trust 2018-B
A3
3.06% Due 3/15/2023
100.000 78,228.28 2,874.38 81,102.66 0.00
Paydown 08/17/2020 65479JAD5 0.00 Nissan Auto Receivables Owner 2019-C
A3
1.93% Due 7/15/2024
100.000 0.00 2,541.17 2,541.17 0.00
Paydown 08/17/2020 89231PAD0 0.00 Toyota Auto Receivables Trust 2018-D
A3
3.18% Due 3/15/2023
100.000 0.00 3,975.00 3,975.00 0.00
Paydown 08/17/2020 89237VAB5 0.00 Toyota Auto Receivables Trust 2020-C
A3
0.44% Due 10/15/2024
100.000 0.00 225.50 225.50 0.00
Paydown 08/17/2020 89239AAB9 96,388.35 Toyota Auto Receivables Trust 2019-A
A2A
2.83% Due 10/15/2021
100.000 96,388.35 817.58 97,205.93 0.00
Execution Time: 9/10/2020 9:13:00 AMChandler Asset Management - CONFIDENTIAL Page 12
Transaction Ledger
As of August 31, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 08/18/2020 43814UAG4 42,193.64 Honda Auto Receivables Trust 2018-2
A3
3.01% Due 5/18/2022
100.000 42,193.64 1,040.86 43,234.50 0.00
Paydown 08/18/2020 43814WAB1 132,132.16 Honda Auto Receivables Trust 2019-1
A2
2.75% Due 9/20/2021
100.000 132,132.16 1,179.57 133,311.73 0.00
Paydown 08/21/2020 43815HAC1 85,790.13 Honda Auto Receivables Trust 2018-3
A3
2.95% Due 8/22/2022
100.000 85,790.13 2,470.38 88,260.51 0.00
Subtotal 854,151.88 854,151.88 22,059.42 876,211.30 0.00
Redemption 08/21/2020 404280BF5 1,500,000.00 HSBC Holdings PLC Note
2.65% Due 1/5/2022
103.140 2.89%1,547,100.00 5,079.17 1,552,179.17 0.00
Subtotal 1,500,000.00 1,547,100.00 5,079.17 1,552,179.17 0.00
Maturity 08/25/2020 9127963Q0 1,300,000.00 US Treasury Bill
0.141% Due 8/25/2020
100.000 1,300,000.00 0.00 1,300,000.00 0.00
Subtotal 1,300,000.00 1,300,000.00 0.00 1,300,000.00 0.00
Security
Withdrawal
08/10/2020 90CAMP$00 3,000,000.00 California Asset Mgmt Program CAMP 1.000 3,000,000.00 0.00 3,000,000.00 0.00
Security
Withdrawal
08/25/2020 31846V203 104.17 First American Govt Obligation Fund
Class Y
1.000 104.17 0.00 104.17 0.00
Security
Withdrawal
08/28/2020 90CAMP$00 2,000,000.00 California Asset Mgmt Program CAMP 1.000 2,000,000.00 0.00 2,000,000.00 0.00
Subtotal 5,000,104.17 5,000,104.17 0.00 5,000,104.17 0.00
TOTAL DISPOSITIONS 11,396,362.65 11,443,462.65 27,138.59 11,470,601.24 0.00
OTHER TRANSACTIONS
Interest 08/05/2020 3135G0V34 2,000,000.00 FNMA Note
2.5% Due 2/5/2024
0.000 25,000.00 0.00 25,000.00 0.00
Interest 08/06/2020 44932HAH6 2,000,000.00 IBM Credit Corp Note
3% Due 2/6/2023
0.000 30,000.00 0.00 30,000.00 0.00
Execution Time: 9/10/2020 9:13:00 AMChandler Asset Management - CONFIDENTIAL Page 13
Transaction Ledger
As of August 31, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
OTHER TRANSACTIONS
Interest 08/08/2020 594918BP8 1,850,000.00 Microsoft Callable Note Cont 7/8/2021
1.55% Due 8/8/2021
0.000 14,337.50 0.00 14,337.50 0.00
Interest 08/11/2020 06406RAJ6 1,200,000.00 Bank of NY Mellon Corp Note
3.45% Due 8/11/2023
0.000 20,700.00 0.00 20,700.00 0.00
Interest 08/12/2020 3137EAEC9 3,000,000.00 FHLMC Note
1.125% Due 8/12/2021
0.000 16,875.00 0.00 16,875.00 0.00
Interest 08/12/2020 3137EAEP0 4,200,000.00 FHLMC Note
1.5% Due 2/12/2025
0.000 31,150.00 0.00 31,150.00 0.00
Interest 08/14/2020 3133EKZK5 4,000,000.00 FFCB Note
1.6% Due 8/14/2023
0.000 32,000.00 0.00 32,000.00 0.00
Interest 08/18/2020 3130A7CV5 3,470,000.00 FHLB Note
1.375% Due 2/18/2021
0.000 23,856.25 0.00 23,856.25 0.00
Interest 08/26/2020 3135G0J20 5,000,000.00 FNMA Note
1.375% Due 2/26/2021
0.000 34,375.00 0.00 34,375.00 0.00
Interest 08/31/2020 912828L24 2,000,000.00 US Treasury Note
1.875% Due 8/31/2022
0.000 18,750.00 0.00 18,750.00 0.00
Interest 08/31/2020 912828P87 3,000,000.00 US Treasury Note
1.125% Due 2/28/2021
0.000 16,875.00 0.00 16,875.00 0.00
Interest 08/31/2020 912828ZC7 3,500,000.00 US Treasury Note
1.125% Due 2/28/2025
0.000 19,687.50 0.00 19,687.50 0.00
Subtotal 35,220,000.00 283,606.25 0.00 283,606.25 0.00
Dividend 08/03/2020 31846V203 570,065.87 First American Govt Obligation Fund
Class Y
0.000 8.69 0.00 8.69 0.00
Dividend 08/31/2020 90CAMP$00 38,171,747.40 California Asset Mgmt Program CAMP 0.000 10,392.83 0.00 10,392.83 0.00
Subtotal 38,741,813.27 10,401.52 0.00 10,401.52 0.00
TOTAL OTHER TRANSACTIONS 73,961,813.27 294,007.77 0.00 294,007.77 0.00
Execution Time: 9/10/2020 9:13:00 AMChandler Asset Management - CONFIDENTIAL Page 14
Transaction Ledger
As of September 30, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 09/01/2020 31846V203 19,998.00 First American Govt Obligation Fund
Class Y
1.000 0.01%19,998.00 0.00 19,998.00 0.00
Purchase 09/01/2020 31846V203 7.76 First American Govt Obligation Fund
Class Y
1.000 0.01%7.76 0.00 7.76 0.00
Purchase 09/05/2020 31846V203 42,600.00 First American Govt Obligation Fund
Class Y
1.000 0.01%42,600.00 0.00 42,600.00 0.00
Purchase 09/08/2020 31846V203 84,375.00 First American Govt Obligation Fund
Class Y
1.000 0.01%84,375.00 0.00 84,375.00 0.00
Purchase 09/11/2020 31846V203 59,875.00 First American Govt Obligation Fund
Class Y
1.000 0.01%59,875.00 0.00 59,875.00 0.00
Purchase 09/13/2020 31846V203 28,750.00 First American Govt Obligation Fund
Class Y
1.000 0.01%28,750.00 0.00 28,750.00 0.00
Purchase 09/14/2020 31846V203 21,875.00 First American Govt Obligation Fund
Class Y
1.000 0.01%21,875.00 0.00 21,875.00 0.00
Purchase 09/15/2020 31846V203 35,143.75 First American Govt Obligation Fund
Class Y
1.000 0.01%35,143.75 0.00 35,143.75 0.00
Purchase 09/15/2020 31846V203 2,541.17 First American Govt Obligation Fund
Class Y
1.000 0.01%2,541.17 0.00 2,541.17 0.00
Purchase 09/15/2020 31846V203 3,975.00 First American Govt Obligation Fund
Class Y
1.000 0.01%3,975.00 0.00 3,975.00 0.00
Purchase 09/15/2020 31846V203 375.83 First American Govt Obligation Fund
Class Y
1.000 0.01%375.83 0.00 375.83 0.00
Purchase 09/15/2020 31846V203 386.68 First American Govt Obligation Fund
Class Y
1.000 0.01%386.68 0.00 386.68 0.00
Purchase 09/15/2020 31846V203 106,876.81 First American Govt Obligation Fund
Class Y
1.000 0.01%106,876.81 0.00 106,876.81 0.00
Purchase 09/15/2020 31846V203 54,444.95 First American Govt Obligation Fund
Class Y
1.000 0.01%54,444.95 0.00 54,444.95 0.00
Purchase 09/15/2020 31846V203 8,976.28 First American Govt Obligation Fund
Class Y
1.000 0.01%8,976.28 0.00 8,976.28 0.00
Purchase 09/15/2020 31846V203 25,802.27 First American Govt Obligation Fund
Class Y
1.000 0.01%25,802.27 0.00 25,802.27 0.00
Execution Time: 10/20/2020 12:56:43 PMChandler Asset Management - CONFIDENTIAL Page 11
Transaction Ledger
As of September 30, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 09/15/2020 31846V203 80,273.27 First American Govt Obligation Fund
Class Y
1.000 0.01%80,273.27 0.00 80,273.27 0.00
Purchase 09/15/2020 31846V203 77,912.28 First American Govt Obligation Fund
Class Y
1.000 0.01%77,912.28 0.00 77,912.28 0.00
Purchase 09/15/2020 31846V203 76,504.17 First American Govt Obligation Fund
Class Y
1.000 0.01%76,504.17 0.00 76,504.17 0.00
Purchase 09/15/2020 31846V203 91,733.58 First American Govt Obligation Fund
Class Y
1.000 0.01%91,733.58 0.00 91,733.58 0.00
Purchase 09/18/2020 31846V203 39,216.14 First American Govt Obligation Fund
Class Y
1.000 0.01%39,216.14 0.00 39,216.14 0.00
Purchase 09/18/2020 31846V203 122,108.89 First American Govt Obligation Fund
Class Y
1.000 0.01%122,108.89 0.00 122,108.89 0.00
Purchase 09/21/2020 31846V203 83,532.66 First American Govt Obligation Fund
Class Y
1.000 0.01%83,532.66 0.00 83,532.66 0.00
Purchase 09/24/2020 31846V203 1,006,508.16 First American Govt Obligation Fund
Class Y
1.000 0.01%1,006,508.16 0.00 1,006,508.16 0.00
Purchase 09/25/2020 3137EAEX3 2,655,000.00 FHLMC Note
0.375% Due 9/23/2025
99.699 0.44%2,647,008.45 0.00 2,647,008.45 0.00
Purchase 09/29/2020 43813KAC6 1,120,000.00 Honda Auto Receivables Trust 2020-3
A3
0.37% Due 10/18/2024
99.985 0.38%1,119,835.47 0.00 1,119,835.47 0.00
Purchase 09/30/2020 31846V203 140,625.00 First American Govt Obligation Fund
Class Y
1.000 0.01%140,625.00 0.00 140,625.00 0.00
Purchase 09/30/2020 90CAMP$00 8,291.55 California Asset Mgmt Program CAMP 1.000 0.25%8,291.55 0.00 8,291.55 0.00
Subtotal 5,997,709.20 5,989,553.12 0.00 5,989,553.12 0.00
Security
Contribution
09/22/2020 90CAMP$00 1,500,000.00 California Asset Mgmt Program CAMP 1.000 1,500,000.00 0.00 1,500,000.00 0.00
Execution Time: 10/20/2020 12:56:43 PMChandler Asset Management - CONFIDENTIAL Page 12
Transaction Ledger
As of September 30, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Security
Contribution
09/28/2020 90CAMP$00 1,200,000.00 California Asset Mgmt Program CAMP 1.000 1,200,000.00 0.00 1,200,000.00 0.00
Subtotal 2,700,000.00 2,700,000.00 0.00 2,700,000.00 0.00
TOTAL ACQUISITIONS 8,697,709.20 8,689,553.12 0.00 8,689,553.12 0.00
DISPOSITIONS
Sale 09/24/2020 912828N89 1,000,000.00 US Treasury Note
1.375% Due 1/31/2021
100.445 1.49%1,004,453.13 2,055.03 1,006,508.16 4,857.26
Sale 09/25/2020 31846V203 2,647,008.45 First American Govt Obligation Fund
Class Y
1.000 0.01%2,647,008.45 0.00 2,647,008.45 0.00
Sale 09/29/2020 31846V203 1,119,835.47 First American Govt Obligation Fund
Class Y
1.000 0.01%1,119,835.47 0.00 1,119,835.47 0.00
Subtotal 4,766,843.92 4,771,297.05 2,055.03 4,773,352.08 4,857.26
Paydown 09/15/2020 43815NAB0 105,437.46 Honda Auto Receivables Trust 2019-3
A2
1.9% Due 4/15/2022
100.000 105,437.46 1,439.35 106,876.81 0.00
Paydown 09/15/2020 477870AB5 53,538.02 John Deere Owner Trust 2019-B A2
2.28% Due 5/16/2022
100.000 53,538.02 906.93 54,444.95 0.00
Paydown 09/15/2020 47787NAC3 0.00 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
100.000 0.00 386.68 386.68 0.00
Paydown 09/15/2020 47788BAD6 8,948.83 John Deere Owner Trust 2017-B A3
1.82% Due 10/15/2021
100.000 8,948.83 27.45 8,976.28 0.00
Paydown 09/15/2020 47788CAC6 25,412.26 John Deere Owner Trust 2018-A A3
2.66% Due 4/18/2022
100.000 25,412.26 390.01 25,802.27 0.00
Paydown 09/15/2020 47788EAC2 77,524.74 John Deere Owner Trust 2018-B A3
3.08% Due 11/15/2022
100.000 77,524.74 2,748.53 80,273.27 0.00
Execution Time: 10/20/2020 12:56:43 PMChandler Asset Management - CONFIDENTIAL Page 13
Transaction Ledger
As of September 30, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 09/15/2020 47789JAB2 77,360.47 John Deere Owner Trust 2019-A A2
2.85% Due 12/15/2021
100.000 77,360.47 551.81 77,912.28 0.00
Paydown 09/15/2020 65479GAD1 73,829.28 Nissan Auto Receivables Trust 2018-B
A3
3.06% Due 3/15/2023
100.000 73,829.28 2,674.89 76,504.17 0.00
Paydown 09/15/2020 65479JAD5 0.00 Nissan Auto Receivables Owner 2019-C
A3
1.93% Due 7/15/2024
100.000 0.00 2,541.17 2,541.17 0.00
Paydown 09/15/2020 89231PAD0 0.00 Toyota Auto Receivables Trust 2018-D
A3
3.18% Due 3/15/2023
100.000 0.00 3,975.00 3,975.00 0.00
Paydown 09/15/2020 89237VAB5 0.00 Toyota Auto Receivables Trust 2020-C
A3
0.44% Due 10/15/2024
100.000 0.00 375.83 375.83 0.00
Paydown 09/15/2020 89239AAB9 91,143.32 Toyota Auto Receivables Trust 2019-A
A2A
2.83% Due 10/15/2021
100.000 91,143.32 590.26 91,733.58 0.00
Paydown 09/18/2020 43814UAG4 38,281.12 Honda Auto Receivables Trust 2018-2
A3
3.01% Due 5/18/2022
100.000 38,281.12 935.02 39,216.14 0.00
Paydown 09/18/2020 43814WAB1 121,232.12 Honda Auto Receivables Trust 2019-1
A2
2.75% Due 9/20/2021
100.000 121,232.12 876.77 122,108.89 0.00
Paydown 09/21/2020 43815HAC1 81,273.18 Honda Auto Receivables Trust 2018-3
A3
2.95% Due 8/22/2022
100.000 81,273.18 2,259.48 83,532.66 0.00
Subtotal 753,980.80 753,980.80 20,679.18 774,659.98 0.00
Security
Withdrawal
09/11/2020 90CAMP$00 1,000,000.00 California Asset Mgmt Program CAMP 1.000 1,000,000.00 0.00 1,000,000.00 0.00
Security
Withdrawal
09/14/2020 90CAMP$00 2,000,000.00 California Asset Mgmt Program CAMP 1.000 2,000,000.00 0.00 2,000,000.00 0.00
Execution Time: 10/20/2020 12:56:43 PMChandler Asset Management - CONFIDENTIAL Page 14
Transaction Ledger
As of September 30, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Security
Withdrawal
09/25/2020 31846V203 104.17 First American Govt Obligation Fund
Class Y
1.000 104.17 0.00 104.17 0.00
Subtotal 3,000,104.17 3,000,104.17 0.00 3,000,104.17 0.00
TOTAL DISPOSITIONS 8,520,928.89 8,525,382.02 22,734.21 8,548,116.23 4,857.26
OTHER TRANSACTIONS
Interest 09/01/2020 30231GAV4 1,800,000.00 Exxon Mobil Corp Callable Note Cont
2/1/2021
2.222% Due 3/1/2021
0.000 19,998.00 0.00 19,998.00 0.00
Interest 09/05/2020 06051GHF9 2,400,000.00 Bank of America Corp Callable Note 1X
3/5/2023
3.55% Due 3/5/2024
0.000 42,600.00 0.00 42,600.00 0.00
Interest 09/08/2020 313383YJ4 5,000,000.00 FHLB Note
3.375% Due 9/8/2023
0.000 84,375.00 0.00 84,375.00 0.00
Interest 09/11/2020 313378CR0 2,000,000.00 FHLB Note
2.25% Due 3/11/2022
0.000 22,500.00 0.00 22,500.00 0.00
Interest 09/11/2020 89114QCB2 2,300,000.00 Toronto Dominion Bank Note
3.25% Due 3/11/2024
0.000 37,375.00 0.00 37,375.00 0.00
Interest 09/13/2020 3130A2UW4 2,000,000.00 FHLB Note
2.875% Due 9/13/2024
0.000 28,750.00 0.00 28,750.00 0.00
Interest 09/14/2020 4581X0CZ9 2,500,000.00 Inter-American Dev Bank Note
1.75% Due 9/14/2022
0.000 21,875.00 0.00 21,875.00 0.00
Interest 09/15/2020 084670BR8 1,865,000.00 Berkshire Hathaway Callable Note Cont
1/15/2023
2.75% Due 3/15/2023
0.000 25,643.75 0.00 25,643.75 0.00
Interest 09/15/2020 68389XBK0 1,000,000.00 Oracle Corp Callable Note Cont
8/15/2021
1.9% Due 9/15/2021
0.000 9,500.00 0.00 9,500.00 0.00
Execution Time: 10/20/2020 12:56:43 PMChandler Asset Management - CONFIDENTIAL Page 15
Transaction Ledger
As of September 30, 2020
City of Dublin Consolidated
Account #10221
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
OTHER TRANSACTIONS
Interest 09/30/2020 9128284D9 3,750,000.00 US Treasury Note
2.5% Due 3/31/2023
0.000 46,875.00 0.00 46,875.00 0.00
Interest 09/30/2020 912828J76 3,000,000.00 US Treasury Note
1.75% Due 3/31/2022
0.000 26,250.00 0.00 26,250.00 0.00
Interest 09/30/2020 912828L57 3,750,000.00 US Treasury Note
1.75% Due 9/30/2022
0.000 32,812.50 0.00 32,812.50 0.00
Interest 09/30/2020 912828T34 1,500,000.00 US Treasury Note
1.125% Due 9/30/2021
0.000 8,437.50 0.00 8,437.50 0.00
Interest 09/30/2020 912828YH7 3,500,000.00 US Treasury Note
1.5% Due 9/30/2024
0.000 26,250.00 0.00 26,250.00 0.00
Subtotal 36,365,000.00 433,241.75 0.00 433,241.75 0.00
Dividend 09/01/2020 31846V203 1,859,858.51 First American Govt Obligation Fund
Class Y
0.000 7.76 0.00 7.76 0.00
Dividend 09/30/2020 90CAMP$00 37,882,140.23 California Asset Mgmt Program CAMP 0.000 8,291.55 0.00 8,291.55 0.00
Subtotal 39,741,998.74 8,299.31 0.00 8,299.31 0.00
TOTAL OTHER TRANSACTIONS 76,106,998.74 441,541.06 0.00 441,541.06 0.00
Execution Time: 10/20/2020 12:56:43 PMChandler Asset Management - CONFIDENTIAL Page 16