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A009 - Resolution approving Quarterly Investment Report for period ending December 31, 2025
Caring People Quality Programs Exceptional Service 515.239.5119 main 515.239-5320 fax 515 Clark Ave. P.O. Box 811 Ames, IA 50010 www.CityofAmes.org City Treasurer MEMO To: Mayor and City Council From: Roger Wisecup, CPA City Treasurer Date: January 9, 2025 Subject: Investment Report for Quarter Ending December 30, 2025 Introduction The purpose of this memorandum is to present a report summarizing the performance of the City of Ames investment portfolio for the quarter ending December 30, 2025. Discussion This report covers the period ending December 30, 2025, and presents a summary of the investments on hand at the end of December 2025. The investments are valued at amortized cost; this reflects the same basis that the assets are carried on the financial records of the City. All investments are in compliance with the current Investment Policy. Comments The Federal Reserve lowered the federal fund rate from 4.25-4.00 percent to 3.75-3.50 percent in the last quarter. The yield curve is currently inverted, making shorter maturities pay higher interest rates than longer maturities. Future investments will be made at current interest rates and future interest income will decrease. We will continue to evaluate our current investment strategy, remaining flexible to future investments while the Federal Reserve evaluates the target rate. Item No. 11 BOOK MARKET UN-REALIZED DESCRIPTION VALUE VALUE GAIN/(LOSS) CERTIFICATES OF DEPOSIT 0 FEDERAL AGENCY DISCOUNTS 5,481,113 5,490,904 9,792 FEDERAL AGENCY SECURITIES 99,728,482 99,891,076 162,594 INVESTMENT POOLS 0 COMMERCIAL PAPER 9,392,257 9,392,528 271 MISC COUPON SECURITIES 0 PASS THRU SECURITIES PAC/CMO 3,412,459 3,622,562 210,103 MONEY FUND SAVINGS ACCOUNTS 314,038 314,038 0 CORPORATE BONDS 0 US TREASURY DISCOUNTS 0 US TREASURY SECURITIES 114,812,963 115,102,690 289,727 INVESTMENTS 233,141,311 233,813,797 672,486 CASH ACCOUNTS 31,028,350 31,028,350 TOTAL FUNDS AVAILABLE 264,169,661 264,842,147 672,486 ACCRUAL BASIS INVESTMENT EARNINGS YR-TO-DATE GROSS EARNINGS ON INVESTMENTS:4,536,574 INTEREST EARNED ON CASH:659,793 TOTAL INTEREST EARNED:5,196,367 AND THE ACCUMULATED YEAR-TO-DATE CITY OF AMES, IOWA CASH AND INVESTMENTS SUMMARY AND SUMMARY OF INVESTMENT EARNINGS FOR THE QUARTER ENDING DECEMBER 31, 2025 A CITY OF City ol Ameslnvestments FY 2025 -2O2C Portfolio Management Portfolio Summary December 31, 2025 lnvsstmonts Ma*Et Vrluo Book Dayr to lraurrity YTi' 360 Equlv. YTII 366 Equiv.Monrt ilqrtot CommcrEi€ Pepor Dba +no.li:ing F6d6ral Agcnc, Coupon Socurlth8 F6dlral Ag$cy Oiac. -Amortizim Taestuay Cru9on SccufiUa6 Pasr lhroueh S6curili!5 /PACr'CMO 314,037.53 9,500,000_00 100.814.000.00 5.500,000.00 I r 6.000.000.00 3,60't ,860.08 314.037.53 0.392,527.50 99,891,075.79 5,490,904.20 1't5,102.590.09 3,622.561_96 3t4.037.53 9,3S2,256.E0 99,728,442.13 5.461.112.50 114,812.963.15 3,412,459.09 0.296 3.913 3.U7 3.964 3.6t 1 5.290 0.300 3.967 3.900 4.019 3.661 5.3A3 0.13 4.03 42.74 2.35 49.25 1.46 1 186 881 179 s31 1.743 1 107 475 32 495 't.031 235,729,897.61 233,8,t3,797.07 233,111,311.20 t00.00%872 467 3.752 3.804lnvsstments Total Eamlngs Oecombor 3l Month End tng Fiscal Yoar To D.te Cunent Year Average Dally Balrnco Efirctlw Rato ot Retum 7ffi.279.12 23a,971 ,202.91 4.7 4,536,573.60 that lhese are in @nformance t{jth the lowa Public lnvestment Act. bq ^2o26[, city Roportlng poriod 12/0112025.12131 12025 Ruo Dat6: 01/142026 . 11 :n6 Portfolio 2026 AC R MCS" YTM 365 Page 1 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2025 Portfolio Details - Investments Average BalanceIssuer Portfolio Management Investments FY 2025-2026 Days to Maturity YTM 360CUSIPInvestment # Purchase Date Money Market 0.300First Interstate Bank4531558874 314,037.53 314,037.53 0.300314,037.53 0.296SYS4531558874B 1 314,037.53 0.296314,037.53314,037.53313,975.18Subtotal and Average 0.300 1 Commercial Paper Disc. -Amortizing 3.837Angelsea1321-25 1,500,000.00 1,489,531.25 03/09/20263.75012/12/2025 1,489,261.50 3.7840347M3C93 67 3.983Credit Agricole1295-25 1,000,000.00 984,377.78 05/29/20263.80009/19/2025 984,479.00 3.92922533UEV1 148 3.957Credit Agricole1304-25 3,000,000.00 2,976,320.00 03/16/20263.84010/15/2025 2,976,249.00 3.90322533UCG6 74 3.934Jackson National Life1312-25 2,000,000.00 1,956,249.99 07/30/20263.75011/10/2025 1,956,260.00 3.88046850CGW1 210 4.104MountCliff Funding1313-25 2,000,000.00 1,985,777.78 03/06/20264.00011/19/2025 1,986,278.00 4.04862455GC69 64 9,392,256.80 3.9139,392,527.509,500,000.009,043,440.31Subtotal and Average 3.967 107 Federal Agency Coupon Securities 4.701Farmer Mac1160-24A 1,500,000.00 1,497,670.69 01/15/20260.48002/20/2024 1,498,136.70 4.63631422B6K1 14 4.701Farmer Mac1160-24B 1,000,000.00 998,447.12 01/15/20260.48002/20/2024 998,757.80 4.63631422B6K1 14 4.070Farmer Mac1253-25A 1,500,000.00 1,477,045.81 04/12/20283.35003/05/2025 1,487,035.95 4.01431422XXC1 832 4.070Farmer Mac1253-25B 1,000,000.00 984,697.21 04/12/20283.35003/05/2025 991,357.30 4.01431422XXC1 832 3.749Farmer Mac1287-25A 1,500,000.00 1,500,104.96 08/13/20273.74008/15/2025 1,500,838.46 3.69731424WP63 589 3.749Farmer Mac1287-25B 1,000,000.00 1,000,069.98 08/13/20273.74008/15/2025 1,000,558.98 3.69731424WP63 589 4.710Federal Farm Credit1069-22 2,500,000.00 2,462,645.63 05/27/20260.66010/14/2022 2,467,682.00 4.6463133EMHH8 146 4.675Federal Farm Credit1179-24 1,000,000.00 892,949.00 06/01/20291.12505/31/2024 913,128.30 4.6113133EMHZ8 1,247 4.540Federal Farm Credit1184-24A 1,500,000.00 1,465,608.31 03/15/20272.50007/10/2024 1,481,580.00 4.4783133ENRK8 438 4.540Federal Farm Credit1184-24B 1,000,000.00 977,072.21 03/15/20272.50007/10/2024 987,720.00 4.4783133ENRK8 438 3.606Federal Farm Credit1199-24A 1,500,000.00 1,511,622.90 07/30/20265.00009/20/2024 1,510,391.10 3.5563133EPZY4 210 3.606Federal Farm Credit1199-24B 1,000,000.00 1,007,748.60 07/30/20265.00009/20/2024 1,006,927.40 3.5563133EPZY4 210 3.431Federal Farm Credit1212-24 1,000,000.00 1,000,872.44 04/13/20263.75009/30/2024 999,639.40 3.3843133EPFT7 102 4.130Federal Farm Credit1224-24 1,000,000.00 998,276.20 01/28/20261.75010/28/2024 998,464.20 4.0733133ELKA1 27 4.130Federal Farm Credit1230-24 1,000,000.00 1,002,171.60 08/14/20264.50012/03/2024 1,004,414.10 4.0733133EPSW6 225 3.766Federal Farm Credit1268-25 4,000,000.00 4,009,787.10 05/30/20283.87505/09/2025 4,020,250.00 3.7143133EPLD5 880 4.025Federal Farm Credit1276-25 1,500,000.00 1,496,511.38 08/27/20273.87506/09/2025 1,505,252.25 3.9703133ETJT5 603 4.138Federal Farm Credit1285-25A 1,500,000.00 1,500,110.08 07/14/20274.12007/17/2025 1,503,164.45 4.0823133ETPU5 559 4.138Federal Farm Credit1285-25B 1,000,000.00 1,000,073.39 07/14/20274.12007/17/2025 1,002,109.63 4.0823133ETPU5 559 3.600Federal Farm Credit1290-25 1,500,000.00 1,510,857.77 11/29/20274.00009/03/2025 1,509,823.80 3.5513133EN3H1 697 3.483Federal Farm Credit1291-25A 1,500,000.00 1,516,411.85 10/14/20274.12509/10/2025 1,512,224.55 3.4353133ENS50 651 3.483Federal Farm Credit1291-25B 1,000,000.00 1,010,941.23 10/14/20274.12509/10/2025 1,008,149.70 3.4353133ENS50 651 3.521Federal Farm Credit1292-25 1,000,000.00 1,008,422.02 06/15/20274.12509/11/2025 1,006,477.90 3.4723133EPMV4 530 3.500Federal Farm Credit1293-25 1,000,000.00 1,008,330.79 09/29/20274.00009/11/2025 1,005,841.00 3.4523133ENQ29 636 Portfolio 2026 AC Run Date: 01/14/2026 - 11:46 PM (PRF_PM2) 7.3.12 Report Ver. 7.3.11 YTM 365 Page 2 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2025 Portfolio Details - Investments Average BalanceIssuer Portfolio Management Investments FY 2025-2026 Days to Maturity YTM 360CUSIPInvestment # Purchase Date Federal Agency Coupon Securities 3.975Federal Farm Credit1308-25 1,500,000.00 1,500,097.47 01/14/20283.97010/15/2025 1,499,845.02 3.9203133ETE86 743 3.538Federal Farm Credit1314-25A 1,000,000.00 999,205.42 10/27/20273.37511/19/2025 998,710.30 3.4893133ETM95 664 3.538Federal Farm Credit1314-25B 1,000,000.00 999,205.42 10/27/20273.37511/19/2025 998,710.30 3.4893133ETM95 664 3.550Federal Farm Credit1320-25 2,000,000.00 1,895,945.10 06/29/20281.35012/08/2025 1,886,424.00 3.5013133EMN73 910 0.581Federal Home Loan Bank0975-21 1,000,000.00 999,910.31 02/17/20260.65002/22/2021 995,939.00 0.5733130AL4V3 47 0.841Federal Home Loan Bank0978-21 1,000,000.00 999,716.87 02/11/20260.58003/15/2021 996,380.60 0.8293130AKXB7 41 1.116Federal Home Loan Bank0980-21 2,650,000.00 2,649,833.20 04/14/20261.50004/14/2021 2,632,665.03 1.1013130ALVT8 103 2.496Federal Home Loan Bank1178-24 600,000.00 592,898.64 05/26/20262.00004/19/2024 595,410.36 2.4613130AMFN7 145 4.750Federal Home Loan Bank1181-24 1,500,000.00 1,467,812.88 08/13/20261.05006/21/2024 1,475,684.70 4.6853130ANGM6 224 4.741Federal Home Loan Bank1182-24 1,000,000.00 994,148.97 03/30/20262.25007/10/2024 996,207.40 4.6763130ARCU3 88 4.550Federal Home Loan Bank1183-24A 1,500,000.00 1,442,744.48 02/26/20271.00007/10/2024 1,455,703.50 4.4883130ALDA9 421 4.550Federal Home Loan Bank1183-24B 1,000,000.00 961,829.65 02/26/20271.00007/10/2024 970,469.00 4.4883130ALDA9 421 4.510Federal Home Loan Bank1185-24A 1,410,000.00 1,352,505.09 03/30/20271.00007/10/2024 1,365,388.87 4.4493130ANZB9 453 4.510Federal Home Loan Bank1185-24B 1,000,000.00 959,223.47 03/30/20271.00007/10/2024 968,360.90 4.4493130ANZB9 453 4.560Federal Home Loan Bank1186-24A 1,500,000.00 1,491,818.42 02/24/20260.68007/31/2024 1,493,032.50 4.4983130ALCB8 54 4.560Federal Home Loan Bank1186-24B 1,000,000.00 994,545.61 02/24/20260.68007/31/2024 995,355.00 4.4983130ALCB8 54 3.670Federal Home Loan Bank1190-24A 1,500,000.00 1,472,140.24 10/28/20261.31009/13/2024 1,469,578.80 3.6203130APL29 300 3.670Federal Home Loan Bank1190-24B 1,000,000.00 981,426.82 10/28/20261.31009/13/2024 979,719.20 3.6203130APL29 300 3.690Federal Home Loan Bank1191-24 500,000.00 490,556.68 11/27/20261.50009/13/2024 490,436.90 3.6393130APXV2 330 3.530Federal Home Loan Bank1195-24 1,335,000.00 1,310,065.06 01/27/20271.70009/17/2024 1,308,043.28 3.4823130AQM26 391 3.530Federal Home Loan Bank1196-24 1,250,000.00 1,229,093.71 02/25/20272.00009/17/2024 1,227,074.13 3.4823130AQRQ8 420 3.820Federal Home Loan Bank1214-24 1,500,000.00 1,465,784.16 12/28/20261.40010/07/2024 1,467,599.40 3.7683130AQEV1 361 4.340Federal Home Loan Bank1229-24A 1,500,000.00 1,476,530.77 06/30/20261.05011/25/2024 1,480,203.90 4.2813130AN2H2 180 4.340Federal Home Loan Bank1229-24B 1,000,000.00 984,353.84 06/30/20261.05011/25/2024 986,802.60 4.2813130AN2H2 180 4.120Federal Home Loan Bank1235-24A 1,500,000.00 1,449,873.64 01/29/20270.85012/12/2024 1,456,379.55 4.0643130AKRE8 393 4.120Federal Home Loan Bank1235-24B 1,000,000.00 966,582.42 01/29/20270.85012/12/2024 970,919.70 4.0643130AKRE8 393 3.764Federal Home Loan Bank1255-25 500,000.00 499,013.96 03/13/20262.75003/14/2025 498,994.90 3.7123130AAUF3 71 4.064Federal Home Loan Bank1256-25 1,200,000.00 1,201,015.38 03/13/20264.50003/14/2025 1,201,652.52 4.0083130AV6J6 71 4.020Federal Home Loan Bank1257-25 1,000,000.00 1,000,930.34 03/13/20264.50003/17/2025 1,001,377.10 3.9653130AV6J6 71 4.250Federal Home Loan Bank1260-25 1,500,000.00 1,500,000.00 03/28/20304.25003/28/2025 1,513,353.45 4.1923130B5Q50 1,547 3.874Federal Home Loan Bank1274-25 1,000,000.00 1,002,483.59 01/15/20274.12506/09/2025 1,005,767.70 3.8213130AYPN0 379 4.163Federal Home Loan Bank1275-25 1,500,000.00 1,499,731.84 05/28/20274.15006/09/2025 1,501,077.90 4.1063130B6LC8 512 4.081Federal Home Loan Bank1277-25 500,000.00 471,706.00 10/29/20270.80006/09/2025 475,329.60 4.0253130AKML7 666 4.146Federal Home Loan Bank1284-25A 1,500,000.00 1,500,057.50 06/30/20274.15007/17/2025 1,502,271.15 4.0903130B6SZ0 545 4.146Federal Home Loan Bank1284-25B 1,000,000.00 1,000,038.34 06/30/20274.15007/17/2025 1,001,514.10 4.0903130B6SZ0 545 3.500Federal Home Loan Bank1300-25 1,500,000.00 1,458,631.14 04/28/20282.25010/06/2025 1,453,596.75 3.4523130AM4Q2 848 Portfolio 2026 AC Run Date: 01/14/2026 - 11:46 PM (PRF_PM2) 7.3.12 YTM 365 Page 3 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2025 Portfolio Details - Investments Average BalanceIssuer Portfolio Management Investments FY 2025-2026 Days to Maturity YTM 360CUSIPInvestment # Purchase Date Federal Agency Coupon Securities 4.180Federal Home Loan Mortgage Co.1225-24 1,500,000.00 1,472,335.92 07/15/20260.60011/05/2024 1,474,643.85 4.1233134GXKD5 195 4.130Federal Home Loan Mortgage Co.1234-24 1,000,000.00 967,996.46 12/30/20260.75012/12/2024 971,721.90 4.0743134GW6P6 363 4.108Federal Home Loan Mortgage Co.1264-25 2,000,000.00 1,999,806.82 04/14/20274.10004/15/2025 2,001,429.00 4.0523134HBJN2 468 4.222Federal Home Loan Mortgage Co.1273-25 1,595,000.00 1,572,429.01 05/27/20260.62506/09/2025 1,575,484.86 4.1653134GXCD4 146 3.450Federal Home Loan Mortgage Co.1294-25 1,375,000.00 1,281,608.70 01/12/20291.00009/12/2025 1,272,496.32 3.4033134GXKE3 1,107 3.871Federal Home Loan Mortgage Co.1309-25 5,000,000.00 5,000,000.00 06/01/20283.87010/15/2025 5,000,398.50 3.8183134HBY70 882 4.938Federal Nat'l Mtg. Assoc.1174-24 3,850,000.00 3,787,463.64 05/28/20260.70004/15/2024 3,802,008.98 4.8713135GA4Q1 147 3.820Federal Nat'l Mtg. Assoc.1213-24A 1,500,000.00 1,495,234.96 09/30/20263.37510/07/2024 1,496,077.80 3.7683135GAVJ7 272 3.820Federal Nat'l Mtg. Assoc.1213-24B 1,000,000.00 996,823.31 09/30/20263.37510/07/2024 997,385.20 3.7683135GAVJ7 272 3.750Federal Nat'l Mtg. Assoc.1316-25 1,150,000.00 1,153,593.75 10/21/20303.75011/24/2025 1,138,804.75 3.6983136GAYY9 1,754 4.003Tennessee Valley Authority1272-25 1,399,000.00 1,395,251.58 03/15/20283.87505/23/2025 1,407,846.30 3.948880591EZ1 804 3.899U.S. Treasury1282-25A 1,500,000.00 1,503,619.97 02/15/20274.12507/11/2025 1,510,124.55 3.84591282CKA8 410 3.899U.S. Treasury1282-25B 1,000,000.00 1,002,413.31 02/15/20274.12507/11/2025 1,006,749.70 3.84591282CKA8 410 99,728,482.13 3.84799,891,075.79100,814,000.00102,759,487.52Subtotal and Average 3.900 475 Federal Agency Disc. -Amortizing 4.261Federal Home Discoun t Note1247-25 1,500,000.00 1,492,797.50 02/13/20264.02002/18/2025 1,493,111.90 4.203313385TA4 43 3.949Federal Home Discoun t Note1301-25 2,000,000.00 1,998,731.67 01/07/20263.80510/10/2025 1,998,960.00 3.894313385RM0 6 3.909Federal Home Discoun t Note1302-25 2,000,000.00 1,989,583.33 02/20/20263.75010/10/2025 1,998,832.30 3.855313385TH9 50 5,481,112.50 3.9645,490,904.205,500,000.005,472,304.17Subtotal and Average 4.019 32 Treasury Coupon Securities 4.021Federal Nat'l Mtg. Assoc.1310-25 8,000,000.00 8,000,000.00 06/01/20294.02010/15/2025 8,002,280.00 3.9663136GAXW4 1,247 1.005U.S. Treasury1012-21 3,500,000.00 3,496,430.26 05/31/20260.75010/15/2021 3,459,885.80 0.99191282CCF6 150 2.641U.S. Treasury1032-22 9,000,000.00 8,934,186.94 05/31/20260.75004/14/2022 8,896,849.20 2.60591282CCF6 150 2.756U.S. Treasury1037-22 4,500,000.00 4,367,284.69 05/31/20270.50004/18/2022 4,316,382.90 2.719912828ZS2 515 4.320U.S. Treasury1070-22 5,000,000.00 4,880,531.75 05/15/20272.37510/14/2022 4,925,109.00 4.260912828X88 499 4.301U.S. Treasury1071-22 1,000,000.00 951,852.07 05/31/20270.50010/14/2022 959,196.20 4.242912828ZS2 515 4.609U.S. Treasury1177-24 4,000,000.00 3,707,880.10 05/31/20281.25004/15/2024 3,792,831.20 4.54691282CCE9 881 3.686U.S. Treasury1192-24A 1,500,000.00 1,505,592.28 04/30/20264.87509/16/2024 1,506,264.45 3.63691282CKK6 119 3.686U.S. Treasury1192-24B 1,000,000.00 1,003,728.19 04/30/20264.87509/16/2024 1,004,176.30 3.63691282CKK6 119 3.779U.S. Treasury1193-24 1,000,000.00 997,303.75 01/31/20260.37509/16/2024 997,213.00 3.72891282CBH3 30 3.708U.S. Treasury1194-24 1,500,000.00 1,502,788.69 03/31/20264.50009/16/2024 1,503,107.70 3.65791282CKH3 89 4.000U.S. Treasury1215-24A 1,500,000.00 1,500,795.06 06/15/20264.12510/15/2024 1,504,186.50 3.94591282CHH7 165 4.000U.S. Treasury1215-24B 1,000,000.00 1,000,530.04 06/15/20264.12510/15/2024 1,002,791.00 3.94591282CHH7 165 4.009U.S. Treasury1216-24A 1,500,000.00 1,497,958.87 05/15/20263.62510/15/2024 1,500,396.75 3.95491282CHB0 134 Portfolio 2026 AC Run Date: 01/14/2026 - 11:46 PM (PRF_PM2) 7.3.12 YTM 365 Page 4 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2025 Portfolio Details - Investments Average BalanceIssuer Portfolio Management Investments FY 2025-2026 Days to Maturity YTM 360CUSIPInvestment # Purchase Date Treasury Coupon Securities 4.009U.S. Treasury1216-24B 1,000,000.00 998,639.24 05/15/20263.62510/15/2024 1,000,264.50 3.95491282CHB0 134 4.120U.S. Treasury1223-24 500,000.00 500,049.57 01/31/20264.25010/28/2024 500,091.30 4.06491282CJV4 30 4.230U.S. Treasury1244-25A 1,500,000.00 1,504,874.34 11/15/20264.62502/13/2025 1,513,395.60 4.17291282CJK8 318 4.230U.S. Treasury1244-25B 1,000,000.00 1,003,249.56 11/15/20264.62502/13/2025 1,008,930.40 4.17291282CJK8 318 4.240U.S. Treasury1245-25 2,000,000.00 1,956,956.32 05/31/20272.62502/12/2025 1,976,310.20 4.18291282CET4 515 4.280U.S. Treasury1246-25 2,000,000.00 1,970,745.53 05/31/20283.62502/12/2025 2,005,423.40 4.22191282CHE4 881 4.061U.S. Treasury1251-25A 1,500,000.00 1,503,373.66 07/15/20264.50002/28/2025 1,507,733.85 4.00591282CHM6 195 4.061U.S. Treasury1251-25B 1,000,000.00 1,002,249.10 07/15/20264.50002/28/2025 1,005,155.90 4.00591282CHM6 195 3.978U.S. Treasury1254-25 3,000,000.00 2,976,153.25 05/31/20283.62503/13/2025 3,008,135.10 3.92391282CHE4 881 3.966U.S. Treasury1261-25A 1,500,000.00 1,497,907.16 08/31/20263.75004/15/2025 1,501,604.70 3.91291282CLH2 242 3.966U.S. Treasury1261-25B 1,000,000.00 998,604.77 08/31/20263.75004/15/2025 1,001,069.80 3.91291282CLH2 242 3.961U.S. Treasury1262-25A 1,500,000.00 1,506,715.32 09/15/20264.62504/15/2025 1,510,980.75 3.90791282CHY0 257 3.961U.S. Treasury1262-25B 1,000,000.00 1,004,476.88 09/15/20264.62504/15/2025 1,007,320.50 3.90791282CHY0 257 3.967U.S. Treasury1263-25 1,500,000.00 1,507,456.91 10/15/20264.62504/15/2025 1,511,837.25 3.91391282CJC6 287 3.932U.S. Treasury1265-25 8,000,000.00 7,517,359.35 05/31/20281.25004/15/2025 7,585,662.40 3.87991282CCE9 881 4.040U.S. Treasury1269-25 2,000,000.00 2,008,812.59 10/15/20264.62505/23/2025 2,015,783.00 3.98491282CJC6 287 3.997U.S. Treasury1270-25 2,000,000.00 2,000,000.00 01/15/20274.00005/23/2025 2,009,641.00 3.94391282CJT9 379 3.921U.S. Treasury1278-25 1,500,000.00 1,469,777.92 11/30/20261.62506/13/2025 1,474,185.15 3.867912828YU8 333 3.830U.S. Treasury1279-25 2,000,000.00 2,022,010.93 06/15/20274.62506/13/2025 2,032,046.40 3.77891282CKV2 530 3.891U.S. Treasury1280-25 1,000,000.00 1,003,139.82 11/30/20264.25006/26/2025 1,006,062.80 3.83791282CLY5 333 3.910U.S. Treasury1281-25 1,000,000.00 1,005,393.50 10/15/20264.62506/26/2025 1,007,891.50 3.85791282CJC6 287 3.960U.S. Treasury1283-25A 1,500,000.00 1,509,906.75 04/15/20274.50007/16/2025 1,518,596.70 3.90691282CKJ9 469 3.960U.S. Treasury1283-25B 1,000,000.00 1,006,604.51 04/15/20274.50007/16/2025 1,012,397.80 3.90691282CKJ9 469 3.720U.S. Treasury1286-25 1,000,000.00 1,010,204.38 05/15/20274.50008/15/2025 1,013,257.30 3.66991282CKR1 499 3.600U.S. Treasury1288-25 1,500,000.00 1,494,498.82 09/15/20273.37509/03/2025 1,497,445.65 3.55091282CLL3 622 3.621U.S. Treasury1289-25 1,500,000.00 1,512,572.89 09/30/20274.12509/03/2025 1,515,983.85 3.57191282CFM8 637 3.600U.S. Treasury1296-25A 1,500,000.00 1,509,345.00 12/31/20264.25009/19/2025 1,510,251.30 3.55191282CME8 364 3.600U.S. Treasury1296-25B 1,000,000.00 1,006,230.00 12/31/20264.25009/19/2025 1,006,834.20 3.55191282CME8 364 3.550U.S. Treasury1297-25 1,000,000.00 1,004,381.96 05/31/20273.87510/02/2025 1,005,138.60 3.50291282CNE7 515 3.510U.S. Treasury1298-25 1,500,000.00 1,516,442.13 11/15/20274.12510/02/2025 1,517,075.55 3.46291282CLX7 683 3.510U.S. Treasury1299-25 1,500,000.00 1,516,445.22 11/15/20274.12510/06/2025 1,517,075.55 3.46291282CLX7 683 3.683U.S. Treasury1305-25 3,000,000.00 3,013,571.95 06/30/20264.62510/15/2025 3,015,473.70 3.63291282CKY6 180 3.524U.S. Treasury1306-25 1,500,000.00 1,471,671.23 09/30/20260.87510/15/2025 1,470,856.92 3.47691282CCZ2 272 3.570U.S. Treasury1307-25 3,000,000.00 3,019,590.99 12/31/20264.25010/15/2025 3,020,502.60 3.52191282CME8 364 3.600U.S. Treasury1311-25 1,500,000.00 1,503,813.01 04/30/20273.75011/06/2025 1,505,666.32 3.55191282CMY4 484 3.539U.S. Treasury1315-25A 1,500,000.00 1,416,617.53 12/31/20270.62511/19/2025 1,417,944.00 3.49191282CBB6 729 Portfolio 2026 AC Run Date: 01/14/2026 - 11:46 PM (PRF_PM2) 7.3.12 YTM 365 Page 5 Par Value Book Value Maturity Date Stated RateMarket Value December 31, 2025 Portfolio Details - Investments Average BalanceIssuer Portfolio Management Investments FY 2025-2026 Days to Maturity YTM 360CUSIPInvestment # Purchase Date Treasury Coupon Securities 3.539U.S. Treasury1315-25B 1,000,000.00 944,411.68 12/31/20270.62511/19/2025 945,296.00 3.49191282CBB6 729 3.500U.S. Treasury1317-25 5,000,000.00 5,025,563.41 05/31/20273.87511/25/2025 5,025,693.00 3.45291282CNE7 515 3.511U.S. Treasury1318-25 4,000,000.00 4,019,861.62 05/31/20273.87511/26/2025 4,020,554.40 3.46391282CNE7 515 3.482U.S. Treasury1319-25 1,000,000.00 1,006,421.66 09/30/20273.50012/03/2025 1,006,451.15 3.43491282CPB1 637 114,812,963.15 3.611115,102,690.09116,000,000.00117,919,813.18Subtotal and Average 3.661 495 Pass Through Securities /PAC/CMO 6.003Federal Nat'l Mtg. Assoc.1137-23A 1,320,111.37 1,268,627.03 07/25/20284.50010/31/2023 1,332,947.87 5.9203136BQCS6 936 6.003Federal Nat'l Mtg. Assoc.1137-23B 880,074.28 845,751.38 07/25/20284.50010/31/2023 888,631.95 5.9203136BQCS6 936 4.323Federal Nat'l Mtg. Assoc.1180-24 1,401,674.43 1,298,080.68 04/01/20293.00005/31/2024 1,400,982.14 4.2633140XP6F1 1,186 3,412,459.09 5.2903,622,561.963,601,860.083,462,182.57Subtotal and Average 5.363 1,031 3.752238,971,202.91 235,729,897.61 3.804 467233,813,797.07 233,141,311.20Total and Average Portfolio 2026 AC Run Date: 01/14/2026 - 11:46 PM (PRF_PM2) 7.3.12 YTM 365 Page 6 Par Value Book Value Stated RateMarket Value December 31, 2025 Portfolio Details - Cash Average BalanceIssuer Portfolio Management Investments FY 2025-2026 Days to Maturity YTM 360CUSIPInvestment # Purchase Date 0.00 3.752238,971,202.91 235,729,897.61 3.804 467 0Average Balance 233,813,797.07 233,141,311.20Total Cash and Investments Portfolio 2026 AC Run Date: 01/14/2026 - 11:46 PM (PRF_PM2) 7.3.12 Page 1 Par Value Stated Rate December 31, 2025 Investment Status Report - Investments Portfolio Management Book Value Maturity Date Current Principal Investments FY 2025-2026 YTM 365 YTM 360 Payment DatesCUSIPInvestment #Issuer Purchase Date Accrued Interest At Purchase Money Market FIB4531558874 314,037.53 314,037.530.300SYS4531558874B 03/01 - Monthly 314,037.530.3000.296 314,037.53Money Market Totals 314,037.530.000.296314,037.53 0.300 Commercial Paper Disc. -Amortizing ANGLES1321-25 1,500,000.00 1,489,531.253.750 03/09/20260347M3C93 03/09 - At Maturity12/12/2025 1,486,406.253.8373.784 CACPNY1295-25 1,000,000.00 984,377.783.800 05/29/202622533UEV1 05/29 - At Maturity09/19/2025 973,400.003.9833.929 CACPNY1304-25 3,000,000.00 2,976,320.003.840 03/16/202622533UCG6 03/16 - At Maturity10/15/2025 2,951,360.003.9573.903 JNLSTF1312-25 2,000,000.00 1,956,249.993.750 07/30/202646850CGW1 07/30 - At Maturity11/10/2025 1,945,416.663.9343.880 MCFUND1313-25 2,000,000.00 1,985,777.784.000 03/06/202662455GC69 03/06 - At Maturity11/19/2025 1,976,222.224.1044.048 9,392,256.80Commercial Paper Disc. -Amortizing Totals 9,332,805.130.003.9139,500,000.00 3.967 Federal Agency Coupon Securities FAMCA1160-24A 1,500,000.00 1,497,670.690.480 01/15/202631422B6K1 07/15 - 01/15 Received02/20/2024 1,386,030.004.7014.636 FAMCA1160-24B 1,000,000.00 998,447.120.480 01/15/202631422B6K1 07/15 - 01/15 Received02/20/2024 924,020.004.7014.636 FAMCA1253-25A 1,500,000.00 1,477,045.813.350 04/12/202831422XXC1 04/12 - 10/12 Received03/05/2025 1,468,770.004.0704.014 FAMCA1253-25B 1,000,000.00 984,697.213.350 04/12/202831422XXC1 04/12 - 10/12 Received03/05/2025 979,180.004.0704.014 FAMCA1287-25A 1,500,000.00 1,500,104.963.740 08/13/202731424WP63 02/13 - 08/13 311.6608/15/2025 1,499,745.003.7493.697 FAMCA1287-25B 1,000,000.00 1,000,069.983.740 08/13/202731424WP63 02/13 - 08/13 207.7808/15/2025 999,830.003.7493.697 FFCB1069-22 2,500,000.00 2,462,645.630.660 05/27/20263133EMHH8 11/27 - 05/27 Received10/14/2022 2,166,625.004.7104.646 FFCB1179-24 1,000,000.00 892,949.001.125 06/01/20293133EMHZ8 06/01 - 12/01 Received05/31/2024 843,340.004.6754.611 FFCB1184-24A 1,500,000.00 1,465,608.312.500 03/15/20273133ENRK8 09/15 - 03/15 Received07/10/2024 1,423,530.004.5404.478 FFCB1184-24B 1,000,000.00 977,072.212.500 03/15/20273133ENRK8 09/15 - 03/15 Received07/10/2024 949,020.004.5404.478 FFCB1199-24A 1,500,000.00 1,511,622.905.000 07/30/20263133EPZY4 01/30 - 07/30 Received09/20/2024 1,537,260.003.6063.556 FFCB1199-24B 1,000,000.00 1,007,748.605.000 07/30/20263133EPZY4 01/30 - 07/30 Received09/20/2024 1,024,840.003.6063.556 FFCB1212-24 1,000,000.00 1,000,872.443.750 04/13/20263133EPFT7 10/13 - 04/13 Received09/30/2024 1,004,730.003.4313.384 FFCB1224-24 1,000,000.00 998,276.201.750 01/28/20263133ELKA1 01/28 - 07/28 Received10/28/2024 971,270.004.1304.073 FFCB1230-24 1,000,000.00 1,002,171.604.500 08/14/20263133EPSW6 02/14 - 08/14 Received12/03/2024 1,005,950.004.1304.073 FFCB1268-25 4,000,000.00 4,009,787.103.875 05/30/20283133EPLD5 05/30 - 11/30 Received05/09/2025 4,012,400.003.7663.714 FFCB1276-25 1,500,000.00 1,496,511.383.875 08/27/20273133ETJT5 08/27 - 02/27 Received06/09/2025 1,495,329.004.0253.970 FFCB1285-25A 1,500,000.00 1,500,110.084.120 07/14/20273133ETPU5 01/14 - 07/14 515.0007/17/2025 1,499,475.004.1384.082 FFCB1285-25B 1,000,000.00 1,000,073.394.120 07/14/20273133ETPU5 01/14 - 07/14 343.3307/17/2025 999,650.004.1384.082 FFCB1290-25 1,500,000.00 1,510,857.774.000 11/29/20273133EN3H1 11/29 - 05/29 Received09/03/2025 1,512,720.003.6003.551 FFCB1291-25A 1,500,000.00 1,516,411.854.125 10/14/20273133ENS50 10/14 - 04/14 Received09/10/2025 1,519,245.003.4833.435 FFCB1291-25B 1,000,000.00 1,010,941.234.125 10/14/20273133ENS50 10/14 - 04/14 Received09/10/2025 1,012,830.003.4833.435 FFCB1292-25 1,000,000.00 1,008,422.024.125 06/15/20273133EPMV4 12/15 - 06/15 Received09/11/2025 1,010,190.003.5213.472 Portfolio 2026 AC Run Date: 01/14/2026 - 11:46 PM (PRF_PMS) 7.3.12 Report Ver. 7.3.11 Page 2 Par Value Stated Rate December 31, 2025 Investment Status Report - Investments Portfolio Management Book Value Maturity Date Current Principal Investments FY 2025-2026 YTM 365 YTM 360 Payment DatesCUSIPInvestment #Issuer Purchase Date Accrued Interest At Purchase Federal Agency Coupon Securities FFCB1293-25 1,000,000.00 1,008,330.794.000 09/29/20273133ENQ29 09/29 - 03/29 Received09/11/2025 1,009,790.003.5003.452 FFCB1308-25 1,500,000.00 1,500,097.473.970 01/14/20283133ETE86 01/14 - Final Pmt.165.4210/15/2025 1,499,925.003.9753.920 FFCB1314-25A 1,000,000.00 999,205.423.375 10/27/20273133ETM95 04/27 - 10/27 2,062.5011/19/2025 996,960.003.5383.489 FFCB1314-25B 1,000,000.00 999,205.423.375 10/27/20273133ETM95 04/27 - 10/27 2,062.5011/19/2025 996,960.003.5383.489 FFCB1320-25 2,000,000.00 1,895,945.101.350 06/29/20283133EMN73 12/29 - 06/29 Received12/08/2025 1,893,280.003.5503.501 FHLB0975-21 1,000,000.00 999,910.310.650 02/17/20263130AL4V3 08/17 - 02/17 Received02/22/2021 996,500.000.5810.573 FHLB0978-21 1,000,000.00 999,716.870.580 02/11/20263130AKXB7 08/11 - 02/11 Received03/15/2021 987,500.000.8410.829 FHLB0980-21 2,650,000.00 2,649,833.201.500 04/14/20263130ALVT8 10/14 - 04/1404/14/2021 2,647,085.001.1161.101 FHLB1178-24 600,000.00 592,898.642.000 05/26/20263130AMFN7 05/26 - 11/26 Received04/19/2024 562,926.002.4962.461 FHLB1181-24 1,500,000.00 1,467,812.881.050 08/13/20263130ANGM6 08/13 - 02/13 Received06/21/2024 1,388,070.004.7504.685 FHLB1182-24 1,000,000.00 994,148.972.250 03/30/20263130ARCU3 09/30 - 03/30 Received07/10/2024 959,240.004.7414.676 FHLB1183-24A 1,500,000.00 1,442,744.481.000 02/26/20273130ALDA9 08/26 - 02/26 Received07/10/2024 1,369,485.004.5504.488 FHLB1183-24B 1,000,000.00 961,829.651.000 02/26/20273130ALDA9 08/26 - 02/26 Received07/10/2024 912,990.004.5504.488 FHLB1185-24A 1,410,000.00 1,352,505.091.000 03/30/20273130ANZB9 09/30 - 03/30 Received07/10/2024 1,284,510.004.5104.449 FHLB1185-24B 1,000,000.00 959,223.471.000 03/30/20273130ANZB9 09/30 - 03/30 Received07/10/2024 911,000.004.5104.449 FHLB1186-24A 1,500,000.00 1,491,818.420.680 02/24/20263130ALCB8 08/24 - 02/24 Received07/31/2024 1,413,090.004.5604.498 FHLB1186-24B 1,000,000.00 994,545.610.680 02/24/20263130ALCB8 08/24 - 02/24 Received07/31/2024 942,060.004.5604.498 FHLB1190-24A 1,500,000.00 1,472,140.241.310 10/28/20263130APL29 10/28 - 04/28 Received09/13/2024 1,428,240.003.6703.620 FHLB1190-24B 1,000,000.00 981,426.821.310 10/28/20263130APL29 10/28 - 04/28 Received09/13/2024 952,160.003.6703.620 FHLB1191-24 500,000.00 490,556.681.500 11/27/20263130APXV2 11/27 - 05/27 Received09/13/2024 477,000.003.6903.639 FHLB1195-24 1,335,000.00 1,310,065.061.700 01/27/20273130AQM26 01/27 - 07/27 Received09/17/2024 1,280,091.453.5303.482 FHLB1196-24 1,250,000.00 1,229,093.712.000 02/25/20273130AQRQ8 02/25 - 08/25 Received09/17/2024 1,205,662.503.5303.482 FHLB1214-24 1,500,000.00 1,465,784.161.400 12/28/20263130AQEV1 12/28 - 06/28 Received10/07/2024 1,423,230.003.8203.768 FHLB1229-24A 1,500,000.00 1,476,530.771.050 06/30/20263130AN2H2 12/30 - 06/30 Received11/25/2024 1,424,610.004.3404.281 FHLB1229-24B 1,000,000.00 984,353.841.050 06/30/20263130AN2H2 12/30 - 06/30 Received11/25/2024 949,740.004.3404.281 FHLB1235-24A 1,500,000.00 1,449,873.640.850 01/29/20273130AKRE8 01/29 - 07/29 Received12/12/2024 1,400,910.004.1204.064 FHLB1235-24B 1,000,000.00 966,582.420.850 01/29/20273130AKRE8 01/29 - 07/29 Received12/12/2024 933,939.994.1204.064 FHLB1255-25 500,000.00 499,013.962.750 03/13/20263130AAUF3 09/13 - 03/13 Received03/14/2025 495,083.503.7643.712 FHLB1256-25 1,200,000.00 1,201,015.384.500 03/13/20263130AV6J6 09/13 - 03/13 Received03/14/2025 1,205,062.804.0644.008 FHLB1257-25 1,000,000.00 1,000,930.344.500 03/13/20263130AV6J6 09/13 - 03/13 Received03/17/2025 1,004,600.004.0203.965 FHLB1260-25 1,500,000.00 1,500,000.004.250 03/28/20303130B5Q50 09/28 - 03/2803/28/2025 1,500,000.004.2504.192 FHLB1274-25 1,000,000.00 1,002,483.594.125 01/15/20273130AYPN0 07/15 - 01/15 Received06/09/2025 1,003,825.003.8743.821 FHLB1275-25 1,500,000.00 1,499,731.844.150 05/28/20273130B6LC8 11/28 - 05/28 Received06/09/2025 1,499,625.004.1634.106 FHLB1277-25 500,000.00 471,706.000.800 10/29/20273130AKML7 07/29 - 01/29 Received06/09/2025 463,020.004.0814.025 FHLB1284-25A 1,500,000.00 1,500,057.504.150 06/30/20273130B6SZ0 12/30 - 06/30 Received07/17/2025 1,500,075.004.1464.090 Portfolio 2026 AC Run Date: 01/14/2026 - 11:46 PM (PRF_PMS) 7.3.12 Page 3 Par Value Stated Rate December 31, 2025 Investment Status Report - Investments Portfolio Management Book Value Maturity Date Current Principal Investments FY 2025-2026 YTM 365 YTM 360 Payment DatesCUSIPInvestment #Issuer Purchase Date Accrued Interest At Purchase Federal Agency Coupon Securities FHLB1284-25B 1,000,000.00 1,000,038.344.150 06/30/20273130B6SZ0 12/30 - 06/30 Received07/17/2025 1,000,050.004.1464.090 FHLB1300-25 1,500,000.00 1,458,631.142.250 04/28/20283130AM4Q2 10/28 - 04/28 Received10/06/2025 1,454,430.003.5003.452 FHLMC1225-24 1,500,000.00 1,472,335.920.600 07/15/20263134GXKD5 01/15 - 07/15 Received11/05/2024 1,413,015.004.1804.123 FHLMC1234-24 1,000,000.00 967,996.460.750 12/30/20263134GW6P6 04/30 - 10/30 Received12/12/2024 934,210.004.1304.074 FHLMC1264-25 2,000,000.00 1,999,806.824.100 04/14/20273134HBJN2 10/14 - 04/14 Received04/15/2025 1,999,700.004.1084.052 FHLMC1273-25 1,595,000.00 1,572,429.010.625 05/27/20263134GXCD4 11/27 - 05/27 Received06/09/2025 1,541,200.654.2224.165 FHLMC1294-25 1,375,000.00 1,281,608.701.000 01/12/20293134GXKE3 01/12 - 07/12 2,291.6709/12/2025 1,269,757.503.4503.403 FHLMC1309-25 5,000,000.00 5,000,000.003.870 06/01/20283134HBY70 04/15 - 10/1510/15/2025 5,000,000.003.8713.818 FNMA1174-24 3,850,000.00 3,787,463.640.700 05/28/20263135GA4Q1 05/28 - 11/28 Received04/15/2024 3,525,406.504.9384.871 FNMA1213-24A 1,500,000.00 1,495,234.963.375 09/30/20263135GAVJ7 03/30 - 09/30 Received10/07/2024 1,487,370.003.8203.768 FNMA1213-24B 1,000,000.00 996,823.313.375 09/30/20263135GAVJ7 03/30 - 09/30 Received10/07/2024 991,580.003.8203.768 FNMA1316-25 1,150,000.00 1,153,593.753.750 10/21/20303136GAYY9 04/21 - 10/21 3,593.7511/24/2025 1,150,000.003.7503.698 TVA1272-25 1,399,000.00 1,395,251.583.875 03/15/2028880591EZ1 09/15 - 03/15 Received05/23/2025 1,394,222.424.0033.948 US TRE1282-25A 1,500,000.00 1,503,619.974.125 02/15/202791282CKA8 08/15 - 02/15 Received07/11/2025 1,505,156.253.8993.845 US TRE1282-25B 1,000,000.00 1,002,413.314.125 02/15/202791282CKA8 08/15 - 02/15 Received07/11/2025 1,003,437.503.8993.845 99,728,482.13Federal Agency Coupon Securities Totals 97,833,761.0611,553.613.847100,814,000.00 3.900 Federal Agency Disc. -Amortizing FHDN1247-25 1,500,000.00 1,492,797.504.020 02/13/2026313385TA4 02/13 - At Maturity02/18/2025 1,439,700.004.2614.203 FHDN1301-25 2,000,000.00 1,998,731.673.805 01/07/2026313385RM0 01/07 - At Maturity10/10/2025 1,981,186.393.9493.894 FHDN1302-25 2,000,000.00 1,989,583.333.750 02/20/2026313385TH9 02/20 - At Maturity10/10/2025 1,972,291.673.9093.855 5,481,112.50Federal Agency Disc. -Amortizing Totals 5,393,178.060.003.9645,500,000.00 4.019 Treasury Coupon Securities FNMA1310-25 8,000,000.00 8,000,000.004.020 06/01/20293136GAXW4 04/15 - 10/1510/15/2025 8,000,000.004.0213.966 US TRE1012-21 3,500,000.00 3,496,430.260.750 05/31/202691282CCF6 11/30 - 05/31 Received10/15/2021 3,459,804.691.0050.991 US TRE1032-22 9,000,000.00 8,934,186.940.750 05/31/202691282CCF6 05/31 - 11/30 Received04/14/2022 8,338,359.382.6412.605 US TRE1037-22 4,500,000.00 4,367,284.690.500 05/31/2027912828ZS2 05/31 - 11/30 Received04/18/2022 4,018,359.382.7562.719 US TRE1070-22 5,000,000.00 4,880,531.752.375 05/15/2027912828X88 11/15 - 05/15 Received10/14/2022 4,599,218.754.3204.260 US TRE1071-22 1,000,000.00 951,852.070.500 05/31/2027912828ZS2 11/30 - 05/31 Received10/14/2022 842,000.004.3014.242 US TRE1177-24 4,000,000.00 3,707,880.101.250 05/31/202891282CCE9 05/31 - 11/30 Received04/15/2024 3,500,312.504.6094.546 US TRE1192-24A 1,500,000.00 1,505,592.284.875 04/30/202691282CKK6 10/31 - 04/30 Received09/16/2024 1,527,773.443.6863.636 US TRE1192-24B 1,000,000.00 1,003,728.194.875 04/30/202691282CKK6 10/31 - 04/30 Received09/16/2024 1,018,515.633.6863.636 US TRE1193-24 1,000,000.00 997,303.750.375 01/31/202691282CBH3 01/31 - 07/31 Received09/16/2024 954,882.813.7793.728 US TRE1194-24 1,500,000.00 1,502,788.694.500 03/31/202691282CKH3 09/30 - 03/31 Received09/16/2024 1,517,578.133.7083.657 Portfolio 2026 AC Run Date: 01/14/2026 - 11:46 PM (PRF_PMS) 7.3.12 Page 4 Par Value Stated Rate December 31, 2025 Investment Status Report - Investments Portfolio Management Book Value Maturity Date Current Principal Investments FY 2025-2026 YTM 365 YTM 360 Payment DatesCUSIPInvestment #Issuer Purchase Date Accrued Interest At Purchase Treasury Coupon Securities US TRE1215-24A 1,500,000.00 1,500,795.064.125 06/15/202691282CHH7 12/15 - 06/15 Received10/15/2024 1,502,929.694.0003.945 US TRE1215-24B 1,000,000.00 1,000,530.044.125 06/15/202691282CHH7 12/15 - 06/15 Received10/15/2024 1,001,953.124.0003.945 US TRE1216-24A 1,500,000.00 1,497,958.873.625 05/15/202691282CHB0 11/15 - 05/15 Received10/15/2024 1,491,210.944.0093.954 US TRE1216-24B 1,000,000.00 998,639.243.625 05/15/202691282CHB0 11/15 - 05/15 Received10/15/2024 994,140.624.0093.954 US TRE1223-24 500,000.00 500,049.574.250 01/31/202691282CJV4 01/31 - 07/31 Received10/28/2024 500,760.004.1204.064 US TRE1244-25A 1,500,000.00 1,504,874.344.625 11/15/202691282CJK8 05/15 - 11/15 Received02/13/2025 1,509,810.004.2304.172 US TRE1244-25B 1,000,000.00 1,003,249.564.625 11/15/202691282CJK8 05/15 - 11/15 Received02/13/2025 1,006,540.004.2304.172 US TRE1245-25 2,000,000.00 1,956,956.322.625 05/31/202791282CET4 05/31 - 11/30 Received02/12/2025 1,929,960.004.2404.182 US TRE1246-25 2,000,000.00 1,970,745.533.625 05/31/202891282CHE4 05/31 - 11/30 Received02/12/2025 1,960,020.004.2804.221 US TRE1251-25A 1,500,000.00 1,503,373.664.500 07/15/202691282CHM6 07/15 - 01/15 Received02/28/2025 1,508,685.004.0614.005 US TRE1251-25B 1,000,000.00 1,002,249.104.500 07/15/202691282CHM6 07/15 - 01/15 Received02/28/2025 1,005,790.004.0614.005 US TRE1254-25 3,000,000.00 2,976,153.253.625 05/31/202891282CHE4 05/31 - 11/30 Received03/13/2025 2,968,195.313.9783.923 US TRE1261-25A 1,500,000.00 1,497,907.163.750 08/31/202691282CLH2 08/31 - 02/28 Received04/15/2025 1,495,650.003.9663.912 US TRE1261-25B 1,000,000.00 998,604.773.750 08/31/202691282CLH2 08/31 - 02/28 Received04/15/2025 997,100.003.9663.912 US TRE1262-25A 1,500,000.00 1,506,715.324.625 09/15/202691282CHY0 09/15 - 03/15 Received04/15/2025 1,513,535.153.9613.907 US TRE1262-25B 1,000,000.00 1,004,476.884.625 09/15/202691282CHY0 09/15 - 03/15 Received04/15/2025 1,009,023.443.9613.907 US TRE1263-25 1,500,000.00 1,507,456.914.625 10/15/202691282CJC6 10/15 - 04/1504/15/2025 1,514,238.283.9673.913 US TRE1265-25 8,000,000.00 7,517,359.351.250 05/31/202891282CCE9 05/31 - 11/30 Received04/15/2025 7,374,375.003.9323.879 US TRE1269-25 2,000,000.00 2,008,812.594.625 10/15/202691282CJC6 10/15 - 04/15 Received05/23/2025 2,015,660.004.0403.984 US TRE1270-25 2,000,000.00 2,000,000.004.000 01/15/202791282CJT9 07/15 - 01/15 Received05/23/2025 2,000,000.003.9973.943 US TRE1278-25 1,500,000.00 1,469,777.921.625 11/30/2026912828YU8 11/30 - 05/31 Received06/13/2025 1,451,445.003.9213.867 US TRE1279-25 2,000,000.00 2,022,010.934.625 06/15/202791282CKV2 06/15 - 12/15 Received06/13/2025 2,030,400.003.8303.778 US TRE1280-25 1,000,000.00 1,003,139.824.250 11/30/202691282CLY5 11/30 - 05/31 Received06/26/2025 1,004,921.883.8913.837 US TRE1281-25 1,000,000.00 1,005,393.504.625 10/15/202691282CJC6 10/15 - 04/15 Received06/26/2025 1,008,945.313.9103.857 US TRE1283-25A 1,500,000.00 1,509,906.754.500 04/15/202791282CKJ9 10/15 - 04/15 Received07/16/2025 1,513,476.563.9603.906 US TRE1283-25B 1,000,000.00 1,006,604.514.500 04/15/202791282CKJ9 10/15 - 04/15 Received07/16/2025 1,008,984.383.9603.906 US TRE1286-25 1,000,000.00 1,010,204.384.500 05/15/202791282CKR1 11/15 - 05/15 Received08/15/2025 1,013,046.883.7203.669 US TRE1288-25 1,500,000.00 1,494,498.823.375 09/15/202791282CLL3 09/15 - 03/15 Received09/03/2025 1,493,437.503.6003.550 US TRE1289-25 1,500,000.00 1,512,572.894.125 09/30/202791282CFM8 09/30 - 03/31 Received09/03/2025 1,514,941.413.6213.571 US TRE1296-25A 1,500,000.00 1,509,345.004.250 12/31/202691282CME8 12/31 - 06/30 Received09/19/2025 1,512,015.003.6003.551 US TRE1296-25B 1,000,000.00 1,006,230.004.250 12/31/202691282CME8 12/31 - 06/30 Received09/19/2025 1,008,010.003.6003.551 US TRE1297-25 1,000,000.00 1,004,381.963.875 05/31/202791282CNE7 11/30 - 05/31 Received10/02/2025 1,005,156.253.5503.502 US TRE1298-25 1,500,000.00 1,516,442.134.125 11/15/202791282CLX7 11/15 - 05/15 Received10/02/2025 1,518,632.813.5103.462 US TRE1299-25 1,500,000.00 1,516,445.224.125 11/15/202791282CLX7 11/15 - 05/15 Received10/06/2025 1,518,540.003.5103.462 US TRE1305-25 3,000,000.00 3,013,571.954.625 06/30/202691282CKY6 12/31 - 06/30 Received10/15/2025 3,019,453.133.6833.632 Portfolio 2026 AC Run Date: 01/14/2026 - 11:46 PM (PRF_PMS) 7.3.12 Page 5 Par Value Stated Rate December 31, 2025 Investment Status Report - Investments Portfolio Management Book Value Maturity Date Current Principal Investments FY 2025-2026 YTM 365 YTM 360 Payment DatesCUSIPInvestment #Issuer Purchase Date Accrued Interest At Purchase Treasury Coupon Securities US TRE1306-25 1,500,000.00 1,471,671.230.875 09/30/202691282CCZ2 03/31 - 09/30 540.8710/15/2025 1,462,851.563.5243.476 US TRE1307-25 3,000,000.00 3,019,590.994.250 12/31/202691282CME8 12/31 - 06/30 Received10/15/2025 3,023,789.063.5703.521 US TRE1311-25 1,500,000.00 1,503,813.013.750 04/30/202791282CMY4 04/30 - 10/31 932.3211/06/2025 1,503,213.993.6003.551 US TRE1315-25A 1,500,000.00 1,416,617.530.625 12/31/202791282CBB6 12/31 - 06/30 Received11/19/2025 1,411,699.223.5393.491 US TRE1315-25B 1,000,000.00 944,411.680.625 12/31/202791282CBB6 12/31 - 06/30 Received11/19/2025 941,132.813.5393.491 US TRE1317-25 5,000,000.00 5,025,563.413.875 05/31/202791282CNE7 11/30 - 05/31 Received11/25/2025 5,027,400.003.5003.452 US TRE1318-25 4,000,000.00 4,019,861.623.875 05/31/202791282CNE7 11/30 - 05/31 Received11/26/2025 4,021,250.003.5113.463 US TRE1319-25 1,000,000.00 1,006,421.663.500 09/30/202791282CPB1 03/31 - 09/30 6,153.8512/03/2025 1,000,280.003.4823.434 114,812,963.15Treasury Coupon Securities Totals 113,089,404.017,627.043.611116,000,000.00 3.661 Pass Through Securities /PAC/CMO FNMA1137-23A 1,320,111.37 1,268,627.034.500 07/25/20283136BQCS6 11/25 - Monthly Received10/31/2023 1,268,627.036.0035.920 FNMA1137-23B 880,074.28 845,751.384.500 07/25/20283136BQCS6 11/25 - Monthly Received10/31/2023 845,751.386.0035.920 FNMA1180-24 1,401,674.43 1,298,080.683.000 04/01/20293140XP6F1 06/25 - Monthly Received05/31/2024 1,353,272.864.3234.263 3,412,459.09Pass Through Securities /PAC/CMO Totals 3,467,651.270.005.2903,601,860.08 5.363 233,141,311.20Investment Totals 229,430,837.0619,180.65235,729,897.61 3.752 3.804 Portfolio 2026 AC Run Date: 01/14/2026 - 11:46 PM (PRF_PMS) 7.3.12 For Quarter Ending December 31, 2025 0.13% 54.38% 45.49% Portfolio by Asset Class Cash and Equivalents Long Term Short Term For Quarter Ending December 31, 2025 3.26%13.46% 2.39% 16.70% 5.42% 0.14%8.30% 0.87%0.87% 0.61% 48.00% Par Value by Issuer Graph FAMCA FFCB FHDN FHLB FHLMC FIB FNMA JNLSTF MCFUND TVA UST For Quarter Ending December 31, 2025 0.13% 4.03% 42.78% 2.35% 49.25% 1.46% Book Value By Investment Type Money Market Commercial Paper Federal Agency Coupon Securities Federal Agency Discounts Treasury Coupon Securities Pass through Securities For Quarter Ending December 31, 2025 0.00 1.00 2.00 3.00 4.00 5.00 6.00 Investment Yield by Type