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INVESTMENT REPORT
Period Ending March 31, 2024
Town of Danville
SECTION 1 Economic Update
SECTION 2 Account Profile
SECTION 3 Portfolio Holdings
SECTION 4 Transactions
Table of Contents As of March 31, 2024
1
SECTION |Section 1 |Economic Update
2
Economic Update
▪
▪
▪
Recent economic data has shown above trend growth fueled by a rise in consumer spending and a continuing healthy US job market.
Inflationary trends are subsiding,but core levels remain above the Fed’s target. Given the cumulative effects of restrictive monetary policy
and tighter financial conditions, we believe the economy will gradually soften and the Fed will loosen monetary policy in 2024.
As expected at the March meeting, the Federal Open Market Committee voted unanimously to leave the Federal Funds rate unchanged at a
target range of 5.25 - 5.50%. The March Summary of Economic Projections (SEP) projected minimal material changes with median Fed Funds
rate unchanged at year-end, despite an increase in real GDP growth outlook.We continue to believe the FOMC will loosen monetary policy
in mid-2024 as inflation and economic growth continue to moderate.
The US Treasury yield curve stabilized in March as the FOMC left the Federal Funds rate unchanged. The 2-year Treasury yield was
unchanged at 4.62%, the 5-year Treasury fell 4 basis points to 4.21%, and the 10-year Treasury yield dropped 5 basis points to 4.20%. The
inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -42 basis points at March month-end versus -37 basis
points at February month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -56 basis points. The
inversion between 3-month and 10-year Treasuries widened to -117 basis points in March from -113 basis points in February.
3
Employment
-400
-200
0
200
400
600
800
1,000
MO
M
C
h
a
n
g
e
I
n
T
h
o
u
s
a
n
d
s
(
0
0
0
'
s
)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Ra
t
e
(
%
)
The U.S. economy added a better-than-expected 303,000 jobs in March, and the prior two months were revised up by 22,000. Leading
sectors included healthcare and government. Job creation remains healthy, with the three-month moving average payrolls at 276,000 and
the six-month moving average at 244,000. The unemployment rate edged down to 3.8%in March. The labor participation rate ticked up to
62.7%but remained below the pre-pandemic level of 63.3%. The U-6 underemployment rate, which includes those who are marginally
attached to the labor force and employed part time for economic reasons was unchanged at 7.3%. Average hourly earnings rose 4.1% year-
over-year in March, down from 4.3% last month. Employment remains strong by historical standards.
Source: US Department of Labor Source: US Department of Labor
4
Job Openings & Labor Turnover Survey
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In
T
h
o
u
s
a
n
d
s
(
0
0
0
'
s
)
The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) edged up to 8.756 million in February compared to a
downwardly revised 8.748 million in January. Job openings still represent a healthy ratio of around 1.4 jobs for each unemployed
individual. While the current level of job openings remains elevated from a historical perspective, the trend is decelerating.
Source: US Department of Labor
5
Inflation
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YO
Y
(
%
)
C
h
a
n
g
e
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
Fed Target
YO
Y
(
%
)
C
h
a
n
g
e
The Consumer Price Index (CPI) came in higher than expected in February, increasing 0.4% month-over-month and 3.2% year-over-year.
The Core CPI, which excludes volatile food and energy components, was up 0.4% month-over-month and 3.8% year-over-year in February,
falling from 3.9% last month. Shelter costs remain elevated, accounting for about two-thirds of the year-over-year increase. The Personal
Consumption Expenditures (PCE) Index headline inflation increased 0.3% month-over-month and rose 2.5% year-over-year in February,in
line with expectations. Core PCE, the Federal Reserve’s preferred inflation gauge, increased 0.3% month-over-month and rose 2.8% year-
over-year. While the trend is moderating, the path to the Fed's 2% inflation target remains uneven.
Source: US Department of Labor Source: US Department of Commerce
6
Consumer
-30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
Retail Sales YOY % Change
YO
Y
(
%
)
C
h
a
n
g
e
February Retail Sales fell short of expectations but rebounded 0.6% month-over-month from a downwardly revised 1.1% decline last
month.On a year-over-year basis, Retail Sales growth increased just 1.5% for February. Sales got a boost in the month from building
materials and garden equipment stores, motor vehicles, and higher prices at the pump. Control-group sales, which are used to calculate
gross domestic product, were unchanged in February after falling in the prior month, suggesting weaker economic activity in the first
quarter. The Conference Board’s Consumer Confidence Index edged down to 104.7 in March after a sizeable downward revision to 104.8
in February. The lower reading was largely due to a deteriorating view of the labor market and future business conditions, along with
concerns about the highly polarized political environment. While the consumer has been resilient, dwindling excess savings, rising credit
card balances, and the resumption of student loan payments pose potential headwinds to future economic growth.
0
20
40
60
80
100
120
140
160
In
d
e
x
L
e
v
e
l
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board
All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09)
7
Leading Indicators of Economic Activity
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
Leading Economic Indicators (LEI)
Recession
YO
Y
(%
)
C
h
a
n
g
e
-1.00
-0.75
-0.50
-0.25
0.00
0.25
0.50
0.75
1.00
Chicago Fed National Activity Index (CFNAI)
Recession
3
M
o
n
t
h
A
v
e
r
a
g
e
The Conference Board’s Leading Economic Index (LEI) rose to 0.1% month-over-month in February ending its 2-year uninterrupted
contraction since February 2022.The index declined 6.3% year-over-year. The Conference Board is no longer calling for recession but
expects GDP growth to slow to near zero this year. The Chicago Fed National Activity Index (CFNAI) increased +0.05 in February from a
downwardly revised -0.54 in January.On a 3-month moving average basis, the CFNAI decreased to -0.18 in February from-0.11 in January,
indicating moderating economic growth.
Source: The Conference Board Source: Federal Reserve Bank of Chicago
8
Housing
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
In
T
h
o
u
s
a
n
d
s
o
f
U
n
i
t
s
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing Starts increased 10.7% month-over-month in February to 1.521 million units,due to milder weather than seen in January and
some rising confidence among homebuilders as mortgage rates fell below 7%. Starts for multi-family homes increased 8.6%, while single
family homes increased 11.6% for the month. Total starts of new single-family homes are up 35.2% year-over-year. According to Freddie
Mac, 30-year fixed mortgage rates averaged 6.79%as of March 31st. According to the Case-Shiller 20-City Home Price Index, housing
prices rose 6.59% year-over-year in January, accelerating from a 6.15% year-over-year gain in December. Tight inventories and higher
mortgage rates continue to impact affordability.
Source: US Department of Commerce Source: S&P
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%
0.0%
4.0%
8.0%
12.0%
16.0%
20.0%
24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YO
Y
(
%
)
C
h
a
n
g
e
9
Survey Based Measures
40
45
50
55
60
65
70
Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services
EXPANDING
CONTRACTING
The Institute for Supply Management (ISM) Manufacturing index unexpectedly expanded to 50.3 in March from 47.8 in February, marking
the first month of expansion in factory activity above a reading of 50 since 2022.Production and new orders surged, while employment
improved and prices paid increased. The ISM Services Index fell to 51.4 in March from 52.6 in February but remained in expansion
territory for the 15th consecutive month. The survey reflected slower growth in new orders, a contraction in employment, faster supplier
deliveries, and declining price pressures.
Source: Institute for Supply Management
10
Gross Domestic Product (GDP)
Components of GDP 3/23 6/23 9/23 12/23
2.5% 0.6% 2.1% 2.2%
-1.7% 0.9% 1.7% 0.2%
0.6% 0.0% 0.0% 0.3%
0.3% 0.1% 0.5% 0.2%
0.5% 0.5% 0.5% 0.6%
2.3% 2.1% 4.9% 3.4%
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
State and Local (Consumption and Gross
Investment)
-40.0%
-30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce
According to the third estimate, fourth quarter GDP increased at an annualized rate of 3.4%, revised up from the second estimate of 3.2%.
The upward revision was due mainly to stronger personal consumption expenditures and nonresidential investment. GDP growth for the
full year 2023 is estimated at 2.5%. The consensus projection calls for 2.0% growth in the first quarter and 2.2% growth for the full year
2024.
11
Federal Reserve
Source: Federal Reserve Source: Bloomberg
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In
$
m
i
l
l
i
o
n
s
As expected at the March meeting, the Federal Open Market Committee voted unanimously to leave the federal funds rate unchanged at
a target range of 5.25-5.50%. The FOMC Statement and Summary of Economic Projections (SEP) was minimally changed from January. The
Fed assesses the progress to achieving its employment and inflation goals are moving into better balance, yet changes to monetary policy
remain data dependent. For 2024, the March SEP showed stronger real GDP growth outlook of 2.1% from 1.4% in December as labor
market and consumer data have been resilient. Core inflation projections nudged up from 2.4% to 2.6%. The median projection for the
Federal Funds rate by the end of the year remained the same at 4.625%, implying three 0.25% cuts in 2024, three cuts in 2025 and three
cuts in 2026. We believe the FOMC will loosen monetary policy in mid-2024 as inflation and economic growth continue to moderate. Since
the Fed began its Quantitative Tightening campaign in June 2022, securities holdings have declined by over $1.5T to approximately $7.5T.
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
Effective Federal Funds Rate
Recession
Yi
e
l
d
(
%
)
12
Bond Yields
Source: Bloomberg Source: Bloomberg
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yi
e
l
d
(
%
)
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
US Treasury Yield Curve
Mar-24
Dec-23
Mar-23
Yi
e
l
d
(
%
)
At the end of March, the 2-year Treasury yield was 59 basis point higher, and the 10-Year Treasury yield was 73 basis points higher, year-
over-year. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -42 basis points at March month-end
versus -37 basis points at February month-end. The average historical spread (since 2003)is about +130 basis points. The inversion
between 3-month and 10-year Treasuries widened to -117 basis points in March from -113 basis points in February.
13
Section 2|SECTION |Section 2 |Account Profile
14
Objectives
Chandler Asset Management Performance Objective
The performance objective is to achieve a return that equals the return on an unmanaged index of one-to-
three year Treasury securities (a “market rate of return”).
Investment Objectives
The primary investment objectives of the Town of Danville are to preserve principal and to maintain
adequate liquidity to meet the Town’s cash flow requirements. The Town expects to achieve a rate of
return which is consistent with its primary objectives.
Strategy
In order to meet its objectives, the Town invests in securities permitted under California Government
Code Section 53600 et seq. and under its Investment Policy. The maximum maturity of the Town’s
investments is five years, unless specifically authorized by the Town Council.
As of March 31, 2024
15
Compliance As of March 31, 2024
Category Standard Comment
U.S. Treasuries No Limitation; Obligations of the U.S. Treasury or securities guaranteed by the full faith and credit of the U.S.
("Treasury obligations") excluding securities which have been stripped of their coupon; 5 years max maturity Complies
Federal Agencies 30% max per Agency issuer; 20% max agency callable securities; 5 years max maturity Complies
Supranational Obligations "AA" rating category or higher by a NRSRO; 30% max; 5% max per issuer; 5 years max maturity; USD denominated
senior unsecured unsubordinated obligations; Issued or unconditionally guaranteed by IBRD, IFC, or IADB Complies
Municipal Securities (CA, Local Agency)"A" rating category or better by a NRSRO; 30% max; 5% max per issuer; 5 years max maturity Complies
Municipal Securities (CA, Other States)"A" rating category or better by a NRSRO; 30% max; 5% max per issuer; 5 years max maturity Complies
Corporate Medium Term Notes
"A" rating category or higher by a NRSRO; 30% max (Town Council Directive as of 7/21/16: 20% maximum. Of the
20% total permitted, up to 10% rated "A", and the balance rated "AA" or better); 5% max per issuer; 5 years max
maturity
Complies
Asset-Backed Securities, Collateralized
Mortgage Obligations AAA rated by a NRSRO; 15% max(combination of ABS and CMOs); 5% max per issuer; 5 years max maturity Complies
Agency Mortgage Pass-Through
Securities 15% max; 5 years max maturity; Issued by Agencies of the U.S. government only Complies
Negotiable Certificates of Deposit
(NCD)
"A-1" short-term rated or higher by a NRSRO; and "A" long-term rating category or higher by a NRSRO; 30% max; 5%
max per issuer; 2 years max maturity Complies
Bank/Time Deposits Funds on deposit in banks must be FDIC insured or collateralized in accordance with California Government Code Complies
Banker’s Acceptances "A-1" short-term rated or higher by a NRSRO; and "A" long-term rating category or higher by a NRSRO; 40% max; 5%
max per issuer; 180 days max maturity Complies
Commercial Paper
"A-1" short-term rated or higher by a NRSRO; and "A" long-term rating category or higher by a NRSRO, if any; 25% max;
5% max per issuer; 270 days max maturity; Issued by corporations organized and operating within the U.S. and
having total assets in excess of $500 million; or organized within the U.S. as special purpose corporation, trust, or
LLC, provided it has program wide-credit enhancements including, but not limited, to overcollateralization, LOC, or
surety bond.
Complies
Money Market Mutual Funds Highest rating by two NRSROs; or SEC registered adviser with AUM >$500 million and experience greater than 5 years;
20% max in Money Market Mutual Funds; 20% max combined Money Market Mutual Funds and Mutual Funds Complies
Town of Danville - All Accounts
Assets managed by Chandler Asset Management are in full compliance with state law and the Client’s investment policy.
16
Compliance As of March 31, 2024
Category Standard Comment
Mutual Funds Highest rating by two NRSROs; or SEC registered adviser with AUM >$500 million and experience greater than 5 years;
10% max per one Mutual Fund; 20% max combined Money Market Mutual Funds and Mutual Funds Complies
Local Agency Investment Fund (LAIF)
30% max or $10 million, whichever is higher; The amount invested in LAIF should be based upon the Town's cash flow
needs and the difference in yield paid upon funds invested in LAIF compared to other investment options authorized
by the policy.
Complies
Repurchase Agreements 15% max; 30 days max maturity; 102% collateralized by Treasuries or Agencies; Not used by Investment Adviser Complies
Max Per Issuer 5% max per issuer, with the exception of LAIF, Treasuries, Agencies, Money Market Mutual Funds; or unless otherwise
stated in the investment policy Complies
Maximum Maturity 5 years, unless specified as shorter than five years Complies
Town of Danville - All Accounts
Assets managed by Chandler Asset Management are in full compliance with state law and the Client’s investment policy.
17
Portfolio Characteristics
Danville Short Term Treasury Pool
03/31/24 12/31/23
Benchmark*Portfolio Portfolio
Average Maturity (yrs)1.85 1.94 2.00
Average Modified Duration 1.76 1.72 1.76
Average Purchase Yield n/a 2.88%2.64%
Average Market Yield 4.72%5.38%4.61%
Average Quality**AA+AA+AA+/Aa1
Total Market Value 93,387,652 92,988,157
*ICE BofA 1-3 Yr US Treasury Index
**Benchmark is a blended rating of S&P, Moody’s, and Fitch. Portfolio is S&P and Moody’s respectively.
As of March 31, 2024
18
Danville Short Term Treasury Pool
Sector Distribution
ABS
4.5%
Agency
20.2%
Agency CMBS
7.1%
Corporate
17.0%
Money Market
Fund
0.8%
Supranational
6.0%
US Treasury
44.4%
Cash
0.1%
March 31, 2024
As of March 31, 2024
ABS
5.5%
Agency
23.8%
CMO
7.2%
Corporate
15.5%
LAIF
0.1%
Money Market
Fund
0.2%
Supranational
3.4%
US Treasury
44.4%
December 31, 2023
19
Issue Name Investment Type % Portfolio
Government of United States US Treasury 44.35%
Federal Farm Credit Bank Agency 12.88%
Federal Home Loan Mortgage Corp CMO 7.10%
Federal Home Loan Bank Agency 6.27%
Inter-American Dev Bank Supranational 2.39%
International Finance Corp Supranational 2.05%
Deere & Company Corporate 1.64%
Intl Bank Recon and Development Supranational 1.56%
State Street Bank Corporate 1.42%
Apple Inc Corporate 1.30%
JP Morgan Chase & Co Corporate 1.24%
Bank of America Corp Corporate 1.09%
Cisco Systems Corporate 1.08%
JP Morgan ABS ABS 1.07%
Amazon.com Inc Corporate 1.07%
Microsoft Corporate 1.06%
MasterCard Inc Corporate 1.04%
Honeywell Corp Corporate 1.02%
Federal National Mortgage Association Agency 1.01%
Toyota Motor Corp Corporate 0.99%
Caterpillar Inc Corporate 0.96%
Paccar Financial Corporate 0.96%
Toyota ABS ABS 0.78%
Wal-Mart Stores Corporate 0.74%
Wells Fargo Adv Tsy Plus Money Market Fund Money Market Fund 0.55%
Honda ABS ABS 0.54%
Hyundai Auto Receivables ABS 0.53%
GM Financial Automobile Leasing Trust ABS 0.52%
Colgate-Palmolive Co.Corporate 0.49%
Morgan Stanley Corporate 0.49%
John Deere ABS ABS 0.47%
BMW ABS ABS 0.46%
Pepsico Inc Corporate 0.40%
GM Financial Securitized Term Auto Trust ABS 0.39%
Local Agency Investment Fund LAIF 0.08%
BMW Vehicle Lease Trust ABS 0.02%
TOTAL 100.00%
Issuers
Danville Short Term Treasury Pool – Account #21
As of March 31, 2024
20
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+
Danville Short Term Treasury Pool ICE BofA 1-3 Yr US Treasury Index
Portfolio Compared to the Benchmark
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+
Portfolio 8.6% 6.2% 18.8% 24.6% 22.3% 19.5% 0.0% 0.0%
Benchmark*0.0% 0.0% 3.8% 57.4% 38.8% 0.0% 0.0% 0.0%
*ICE BofA 1-3 Yr US Treasury Index
Duration Distribution
Danville Short Term Treasury Pool
As of March 31, 2024
21
AAA AA A <A NR
03/31/24 12.9%69.2%11.3%0.0%6.6%
12/31/23 10.5%71.9%10.9%0.0%6.8%
Source: S&P Ratings
March 31, 2024 vs. December 31, 2023
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
AAA AA A <A NR
03/31/24 12/31/23
Quality Distribution
Danville Short Term Treasury Pool
As of March 31, 2024
22
Purchase Yield as of 03/31/24 = 2.88%
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
Pe
r
c
e
n
t
(
%
)
Historical Average Purchase Yield
Danville Short Term Treasury Pool
As of March 31, 2024
23
Growth Over Time As of March 31, 2024
Growth of $1 Million
As of 03/31/2024 Dollar Value Return
Danville Total Return $2,585,596 3.33%
Danville Realized Return $2,592,558 3.34%
LAIF $2,097,425 2.59%
Historical Return of $1 Million Invested on March 31, 1995
24
Total and Realized Rate of Return Annualized Since Inception March 31, 1995
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 market value; it includes
interest earnings, realized and unrealized gains and losses in the portfolio. Realized rate of return: A measure of a portfolio’s return over time. It is the internal rate which equates the beginning book
value of the portfolio with the ending book value; it includes interest earnings, realized gains and losses in the portfolio.
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
12 months 2 years 3 years 5 years 10 years Since Inception
Danville Short Term Treasury Pool ICE BofA 1-3 Yr US Treasury Index
Annualized
TOTAL RATE OF RETURN 3 months 12 months 2 years 3 years 5 years 10 years Since
Inception
Danville Short Term Treasury Pool 0.50%3.66%2.05%0.49%1.43%1.30%3.36%
ICE BofA 1-3 Yr US Treasury Index 0.30%2.97%1.57%0.08%1.16%1.07%3.11%
REALIZED RATE OF RETURN
Danville Short Term Treasury Pool 0.65%2.22%1.80%1.68%1.80%1.52%3.34%
Investment Performance
Danville Short Term Treasury Pool
As of March 31, 2024
25
Portfolio Characteristics
Danville NERIAD Improvement Fund (89-1 90A)
03/31/24 12/31/23
Benchmark*Portfolio Portfolio
Average Maturity (yrs)0.16 0.36 0.41
Average Modified Duration 0.17 0.36 0.40
Average Purchase Yield n/a 5.29%5.33%
Average Market Yield 5.06%5.19%5.26%
Average Quality**AA+AAA AAA/Aaa
Total Market Value 928,464 916,667
*ICE BofA 3-Month US Treasury Bill Index
**Benchmark is a blended rating of S&P, Moody’s, and Fitch. Portfolio is S&P and Moody’s respectively.
As of March 31, 2024
26
Issue Name Investment Type % Portfolio
Government of United States US Treasury 95.29%
Wells Fargo Adv Tsy Plus Money Market Fund Money Market Fund 4.69%
TOTAL 100.00%
Issuers
Danville NERIAD Improvement Fund (89-1 90A) – Account #24
As of March 31, 2024
27
SECTION |Section 3 |Portfolio Holdings
28
HOLDINGS REPORT
Danville Short Term Treasury Pool |Account #21 |As of March 31,2024
Cusip SecurityDescription Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
%of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
ABS
36266FAC3 GMALT 2022-2 A3 3.42 06/20/2025 208,374.98 05/03/2022 208,353.24 99.65 207,650.31 0.22%NA/AAA 1.22
3.45%208,367.89 6.29%217.75 (717.58)AAA 0.17
47788UAC6 JDOT 2021 A3 0.3609/15/2025 46,129.99 03/02/2021 46,121.12 98.74 45,550.51 0.05%Aaa/NA 1.46
0.37%46,127.74 6.00%7.38 (577.23)AAA 0.28
89190GAC1 TAOT 2021-B A3 0.26 11/17/2025 288,808.71 06/08/2021 288,777.61 98.39 284,146.16 0.31%NA/AAA 1.63
0.27%288,800.37 4.73%33.37 (4,654.21)AAA 0.44
43815GAC3 HAROT 2021-4A3 0.88 01/21/2026 141,270.59 11/16/2021 141,240.81 97.56 137,827.79 0.15%Aaa/NA 1.81
0.89%141,259.40 4.99%34.53 (3,431.62)AAA 0.67
47789QAC4 JDOT 2021-B A3 0.52 03/16/2026 138,865.72 07/13/2021 138,853.33 97.64 135,595.12 0.15%Aaa/NA 1.96
0.53%138,861.33 5.45%32.09 (3,266.21)AAA 0.53
89238JAC9 TAOT 2021-D A3 0.71 04/15/2026 136,922.66 11/09/2021 136,919.74 97.44 133,417.44 0.14%NA/AAA 2.04
0.71%136,921.53 4.51%43.21 (3,504.09)AAA 0.72
43815BAC4 HAROT 2022-1A3 1.88 05/15/2026 337,267.01 02/15/2022 337,216.28 97.68 329,428.85 0.35%Aaa/AAA 2.12
1.89%337,244.33 4.97%281.81 (7,815.48)NA 0.81
05602RAD3 BMWOT 2022-A A3 3.21 238,276.57 05/10/2022 238,264.18 98.48 234,664.06 0.25%Aaa/AAA 2.40
08/25/2026 3.23%238,270.28 4.87%127.48 (3,606.22)NA 0.93
47787JAC2 JDOT 2022 A3 0.3609/15/2026 229,135.40 03/10/2022 229,084.72 97.90 224,324.16 0.24%Aaa/NA 2.46
2.34%229,110.13 5.26%236.26 (4,785.97)AAA 0.77
448977AD0 HART 2022-A A3 2.22 10/15/2026 476,548.82 03/09/2022 476,530.47 97.85 466,304.97 0.50%NA/AAA 2.54
2.23%476,539.88 4.81%470.19 (10,234.91)AAA 0.91
380146AC4 GMCAR 2022-1 A3 1.23 11/16/2026 116,725.80 01/11/2022 116,715.66 97.54 113,856.28 0.12%NA/AAA 2.63
1.27%116,721.10 4.53%61.28 (2,864.82)AAA 0.90
379929AD4 GMALT 2023-3 A3 5.38 11/20/2026 210,000.00 08/08/2023 209,974.82 100.09 210,193.96 0.23%NA/AAA 2.64
5.38%209,979.66 5.38%345.22 214.30 AAA 1.47
362585AC5 GMCAR 2022-2 A3 3.1 02/16/2027 236,658.79 04/05/2022 236,609.33 98.21 232,417.65 0.25%Aaa/AAA 2.88
3.13%236,632.45 4.82%305.68 (4,214.80)NA 1.12
05592XAD2 BMWOT 2023-A A3 5.47 175,000.00 07/11/2023 174,968.99 100.41 175,717.83 0.19%NA/AAA 3.91
02/25/2028 5.47%174,973.74 5.34%159.54 744.09 AAA 2.26
89239FAD4 TAOT 2023-D A3 5.54 08/15/2028 255,000.00 11/07/2023 254,972.51 101.06 257,710.06 0.28%NA/AAA 4.38
6.30%254,974.71 5.24%627.87 2,735.35 AAA 2.78
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 995,000.00 09/07/2023 994,724.19 100.51 1,000,071.42 1.08%NR/AAA 4.46
5.17%994,754.23 5.00%2,281.87 5,317.18 AAA 2.26
4,229,327.00 99.04 4,188,876.57 4.51%Aaa/AAA 2.95
Total ABS 4,229,985.03 3.29%4,229,538.78 5.06%5,265.54 (40,662.21)AAA 1.33
29
HOLDINGS REPORT
Danville Short Term Treasury Pool |Account #21 |As of March 31,2024
Cusip SecurityDescription Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
MktYTM
Market Value
Accrued Int.
%of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
AGENCY
3130APQ81 FEDERALHOME LOANBANKS1.0 900,000.00 08/01/2022 858,798.00 97.47 877,217.33 0.94%Aaa/AA+0.61
11/08/2024 3.09%889,016.11 5.78%3,575.00 (11,798.78)AA+0.59
3130AQF40 FEDERALHOME LOANBANKS1.0 1,000,000.00 07/27/2022 950,740.00 97.04 970,366.29 1.04%Aaa/AA+0.72
12/20/2024 3.13%985,210.75 5.69%2,805.56 (14,844.46)AA+0.70
3133ENKS8 FEDERALFARM CREDIT BANKS 595,000.00 01/06/2022 593,661.25 96.99 577,074.42 0.62%Aaa/AA+0.77
FUNDING CORP 1.125 01/06/2025 1.20%594,656.41 5.63%1,580.47 (17,582.00)AA+0.75
3133ENPG9 FEDERALFARM CREDIT BANKS 1,500,000.00 --1,496,422.50 97.17 1,457,532.72 1.57%Aaa/AA+0.88
FUNDING CORP 1.75 02/14/2025 1.83%1,498,950.12 5.52%3,427.08 (41,417.40)AA+0.85
3133ENPY0 FEDERALFARM CREDIT BANKS 750,000.00 03/14/2022 743,440.50 97.09 728,166.76 0.78%Aaa/AA+0.91
FUNDING CORP 1.75 02/25/2025 2.05%747,991.99 5.42%1,312.50 (19,825.22)AA+0.88
3133ENWH9 FEDERALFARM CREDIT BANKS 1,000,000.00 05/03/2022 998,050.00 97.89 978,917.84 1.05%Aaa/AA+1.11
FUNDING CORP2.9 05/09/2025 2.97%999,282.98 4.98%11,438.89 (20,365.14)AA+1.06
3135G05X7 FEDERAL NATIONAL MORTGAGE 1,000,000.00 12/09/2021 971,060.00 93.93 939,330.00 1.01%Aaa/AA+1.40
ASSOCIATION 0.375 08/25/2025 1.17%989,078.04 5.17%375.00 (49,748.04)AA+1.37
3133EPNG6 FEDERALFARM CREDIT BANKS 2,000,000.00 06/22/2023 1,997,620.00 99.45 1,988,958.26 2.14%Aaa/AA+2.23
FUNDING CORP 4.375 06/23/2026 4.42%1,998,229.70 4.52%23,819.44 (9,271.44)AA+2.08
3133EPSW6 FEDERALFARM CREDIT BANKS 1,500,000.00 08/09/2023 1,496,550.00 99.94 1,499,056.05 1.61%Aaa/AA+2.37
FUNDING CORP4.5 08/14/2026 4.58%1,497,277.14 4.53%8,812.50 1,778.91 AA+2.22
3130AXU63 FEDERALHOME LOANBANKS4.625 1,000,000.00 11/30/2023 1,002,530.00 100.26 1,002,571.66 1.08%Aaa/AA+2.63
11/17/2026 4.53%1,002,244.73 4.42%17,215.28 326.93 AA+2.42
3133EPH81 FEDERALFARM CREDIT BANKS 1,500,000.00 12/08/2023 1,504,500.00 100.12 1,501,869.50 1.62%Aaa/AA+3.51
FUNDING CORP4.5 10/04/2027 4.41%1,504,138.19 4.37%21,937.50 (2,268.70)AA+3.17
3133EPC60 FEDERALFARM CREDIT BANKS 1,750,000.00 11/09/2023 1,743,507.50 100.55 1,759,558.52 1.89%Aaa/AA+3.63
FUNDING CORP 4.625 11/15/2027 4.73%1,744,120.75 4.39%30,576.39 15,437.76 AA+3.26
3130ATUS4 FEDERALHOME LOANBANKS4.25 1,500,000.00 05/15/2023 1,536,930.00 99.46 1,491,931.50 1.61%Aaa/AA+3.70
12/10/2027 3.66%1,529,827.23 4.32%19,656.25 (37,895.73)AA+3.35
3133EPGW9 FEDERALFARM CREDIT BANKS 1,500,000.00 04/27/2023 1,507,905.00 98.21 1,473,190.62 1.59%Aaa/AA+4.07
FUNDING CORP 3.875 04/25/2028 3.76%1,506,446.42 4.43%25,187.50 (33,255.80)AA+3.66
3130AWC24 FEDERALHOME LOANBANKS4.0 1,500,000.00 07/06/2023 1,467,705.00 98.77 1,481,604.80 1.59%Aaa/AA+4.19
06/09/2028 4.49%1,472,488.11 4.34%18,666.67 9,116.68 AA+3.77
18,869,419.75 98.62 18,727,346.26 20.15%Aaa/AA+2.46
Total Agency 18,995,000.00 3.60%18,958,958.68 4.78%190,386.02 (231,612.42)AA+2.25
AGENCY CMBS
30
HOLDINGS REPORT
Danville Short Term Treasury Pool |Account #21 |As of March 31,2024
Cusip SecurityDescription Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
MktYTM
Market Value
Accrued Int.
%of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 1,000,000.00 06/06/2023 965,625.00 96.65 966,516.90 1.04%Aaa/AA+2.82
4.47%973,466.30 4.87%2,858.33 (6,949.40)AAA 2.50
3137F2LJ3 FHMS K-066 A2 3.117 06/25/2027 1,000,000.00 05/18/2023 958,984.38 95.51 955,057.80 1.03%Aaa/AA+3.24
4.23%967,745.54 4.82%2,597.50 (12,687.74)AAA 2.88
3137FBBX3 FHMS K-068 A2 3.244 08/25/2027 1,000,000.00 05/12/2023 970,820.31 95.60 955,961.00 1.03%Aaa/AA+3.40
3.98%976,895.46 4.80%2,703.33 (20,934.46)AA+3.08
3137FBU79 FHMS K-069 A2 3.187 09/25/2027 1,140,000.00 12/27/2023 1,097,561.72 95.40 1,087,525.34 1.17%Aaa/AAA 3.49
4.27%1,100,534.30 4.81%3,027.65 (13,008.95)AA+3.11
3137FETN0 FHMS K-073 A2 3.35 01/25/2028 720,000.00 05/24/2023 691,987.50 95.63 688,516.34 0.74%Aaa/AA+3.82
4.27%697,115.61 4.80%2,010.00 (8,599.26)AAA 3.42
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 1,000,000.00 09/05/2023 957,968.75 97.02 970,165.50 1.04%Aaa/AA+4.40
4.85%962,808.57 4.78%3,250.00 7,356.93 AAA 3.92
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 1,000,000.00 10/30/2023 940,742.19 97.05 970,487.30 1.04%Aaa/AA+4.49
5.31%945,811.84 4.77%3,266.67 24,675.46 AAA 3.95
Total Agency 6,583,689.85 96.13 6,594,230.19 7.10%Aaa/AA+3.66
CMBS 6,860,000.00 4.49%6,624,377.61 4.81%19,713.48 (30,147.42)AAA 3.26
CASH
CCYUSD Receivable 109,804.75 --109,804.75 1.00 109,804.75 0.12%Aaa/AAA 0.00
0.00%109,804.75 0.00%0.00 0.00 AAA 0.00
109,804.75 1.00 109,804.75 0.12%Aaa/AAA 0.00
Total Cash 109,804.75 0.00%109,804.75 0.00%0.00 0.00 AAA 0.00
CORPORATE
023135BW5 AMAZON.COM INC 0.45 05/12/2024 1,000,000.00 --994,141.10 99.41 994,091.43 1.07%A1/AA 0.11
0.69%999,736.78 9.22%1,737.50 (5,645.35)AA-0.12
14913R2L0 CATERPILLAR FINANCIAL SERVICES 905,000.00 05/10/2021 903,787.30 99.35 899,106.08 0.97%A2/A 0.13
CORP 0.45 05/17/2024 0.49%904,949.10 8.86%1,515.88 (5,843.02)A+0.13
24422EVQ9 JOHN DEERE CAPITAL CORP 0.45 540,000.00 06/07/2021 539,325.00 99.08 535,045.18 0.58%A1/A 0.19
06/07/2024 0.49%539,958.62 7.81%769.50 (4,913.44)A+0.19
69371RR40 PACCAR FINANCIAL CORP 0.5 385,000.00 08/03/2021 384,792.10 98.22 378,132.65 0.41%A1/A+0.36
08/09/2024 0.52%384,975.34 6.77%278.06 (6,842.68)NA 0.35
57636QAN4 MASTERCARD INC 2.0 03/03/2025 1,000,000.00 02/25/2022 999,010.00 97.11 971,086.03 1.05%Aa3/A+0.92
2.03%999,697.05 5.35%1,555.56 (28,611.02)NA 0.90
037833DT4 APPLE INC 1.125 05/11/2025 500,000.00 02/25/2022 485,870.00 95.75 478,743.24 0.52%Aaa/AA+1.11
2.03%495,096.27 5.36%2,187.50 (16,353.03)NA 1.08
31
HOLDINGS REPORT
Danville Short Term Treasury Pool |Account #21 |As of March 31,2024
Cusip SecurityDescription Par Value/
Units
Purchase Date
Purchase Yield
CostValue
BookValue
Mkt Price
MktYTM
Market Value
Accrued Int.
%of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
46647PCH7 JPMORGAN CHASE &CO0.824 750,000.00 05/24/2021 750,972.00 99.13 743,509.15 0.80%A1/A-1.17
06/01/2025 0.76%750,075.27 6.36%2,060.00 (6,566.13)AA-0.17
194162AM5 COLGATE-PALMOLIVE CO 3.1 470,000.00 08/01/2022 469,567.60 97.63 458,862.09 0.49%Aa3/AA-1.38
08/15/2025 3.13%469,803.42 5.04%1,861.72 (10,941.33)NA 1.32
931142EW9 WALMART INC 3.9 09/09/2025 700,000.00 09/26/2022 685,776.00 98.56 689,946.78 0.74%Aa2/AA 1.44
4.64%693,053.09 4.97%1,668.33 (3,106.31)AA 1.38
594918BJ2 MICROSOFT CORP 3.125 1,000,000.00 01/20/2023 970,060.00 97.40 974,008.16 1.05%Aaa/AAA 1.59
11/03/2025 4.28%982,845.03 4.97%12,847.22 (8,836.87)WR 1.51
857477BR3 STATESTREETCORP1.746 265,000.00 02/02/2022 265,000.00 96.66 256,143.29 0.28%A1/A 1.85
02/06/2026 1.75%265,000.00 5.98%706.89 (8,856.71)AA-0.82
037833BY5 APPLE INC 3.2502/23/2026 750,000.00 02/01/2023 728,265.00 97.20 728,995.45 0.78%Aaa/AA+1.90
4.27%736,503.27 4.87%2,572.92 (7,507.82)NA 1.81
89236TJK2 TOYOTA MOTOR CREDIT CORP 1.125 1,000,000.00 02/08/2024 921,800.00 92.04 920,427.90 0.99%A1/A+2.22
06/18/2026 4.68%926,271.18 5.09%3,218.75 (5,843.28)A+2.14
69371RS56 PACCAR FINANCIAL CORP 5.05 515,000.00 08/03/2023 514,742.50 100.36 516,835.27 0.56%A1/A+2.36
08/10/2026 5.07%514,797.71 4.87%3,684.40 2,037.56 NA 2.19
06428CAA2 BANK OF AMERICA NA 5.526 1,000,000.00 08/24/2023 1,001,360.00 101.01 1,010,144.34 1.09%Aa1/A+2.38
08/18/2026 5.48%1,001,080.27 4.96%6,600.50 9,064.07 AA 2.13
61690U7W4 MORGAN STANLEY BANK NA 5.882 440,000.00 10/30/2023 440,000.00 101.93 448,482.50 0.48%Aa3/A+2.58
10/30/2026 5.88%440,000.00 5.08%10,783.67 8,482.50 AA-2.25
438516BL9 HONEYWELLINTERNATIONAL INC 1,000,000.00 01/11/2023 933,280.00 94.49 944,882.66 1.02%A2/A 2.59
2.5 11/01/2026 4.42%954,622.71 4.87%10,416.67 (9,740.05)A 2.43
713448FW3 PEPSICO INC 5.125 11/10/2026 360,000.00 11/08/2023 359,902.80 100.79 362,854.85 0.39%A1/A+2.61
5.13%359,915.48 4.84%7,226.25 2,939.37 NA 2.30
48125LRU8 JPMORGAN CHASE BANKNA 5.11 405,000.00 12/05/2023 405,000.00 100.29 406,162.83 0.44%Aa2/A+2.69
12/08/2026 5.11%405,000.00 4.97%6,496.09 1,162.83 AA 2.38
24422EXF1 JOHN DEERE CAPITAL CORP 4.5 1,000,000.00 01/10/2024 999,220.00 99.24 992,354.03 1.07%A1/A 2.77
01/08/2027 4.53%999,277.14 4.79%10,375.00 (6,923.11)A+2.55
17275RBQ4 CISCOSYSTEMS INC4.802/26/2027 1,000,000.00 --999,620.00 100.16 1,001,608.52 1.08%A1/AA-2.91
4.81%999,633.61 4.80%4,666.67 1,974.91 NA 2.67
857477CL5 STATESTREETCORP4.993 1,065,000.00 03/13/2024 1,065,000.00 100.19 1,067,062.98 1.15%NA/A 2.96
03/18/2027 4.99%1,065,000.00 4.99%1,920.22 2,062.98 AA-2.72
15,816,491.40 98.37 15,778,485.40 16.98%Aa3/A+1.77
Total Corporate 16,050,000.00 3.51%15,887,291.34 5.69%95,149.28 (108,805.94)AA-1.59
32
HOLDINGS REPORT
Danville Short Term Treasury Pool |Account #21 |As of March 31,2024
Cusip SecurityDescription Par Value/
Units
Purchase Date
Purchase Yield
CostValue
BookValue
Mkt Price
Mkt YTM
Market Value
Accrued Int.
%of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
MONEY MARKET
FUND
VP4530003 ALLSPRING:TRS+MM I 739,916.21 --
5.10%
739,916.21
739,916.21
1.00
5.10%
739,916.21
0.00
0.80%
0.00
Aaa/
AAAm
NA
0.00
0.00
Total Money
Market Fund 739,916.21 5.10%
739,916.21
739,916.21
1.00
5.10%
739,916.21
0.00
0.80%
0.00
Aaa/
AAAm
NA
0.00
0.00
SUPRANATIONAL
4581X0DZ8 INTER-AMERICAN DEVELOPMENT
BANK 0.5 09/23/2024 1,250,000.00 09/15/2021
0.52%
1,249,075.00
1,249,852.30
97.71
6.32%
1,221,342.94
138.89
1.31%
(28,509.37)
Aaa/AAA
NA
0.48
0.47
45950KCR9 INTERNATIONAL FINANCE CORP
1.375 10/16/2024 1,000,000.00 07/29/2021
0.47%
1,028,980.00
1,004,900.12
97.93
6.04%
979,272.05
6,302.08
1.05%
(25,628.07)
Aaa/AAA
NA
0.54
0.53
45950KDF4 INTERNATIONAL FINANCE CORP
4.375 01/15/2027 925,000.00 11/29/2023
4.49%
921,984.50
922,295.08
99.59
4.57%
921,222.62
8,543.40
0.99%
(1,072.45)
Aaa/AAA
NA
2.79
2.58
4581X0EM6 INTER-AMERICAN DEVELOPMENT
BANK 4.37502/01/2027 1,000,000.00 01/30/2024
4.23%
1,004,020.00
1,003,799.93
99.56
4.56%
995,648.50
7,291.67
1.07%
(8,151.43)
Aaa/AAA
NA
2.84
2.62
459058KT9
INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPM
3.5 07/12/2028
1,500,000.00 03/11/2024
4.23%
1,456,965.00
1,457,481.86
96.64
4.46%
1,449,543.33
11,520.83
1.56%
(7,938.53)
Aaa/AAA
NA
4.28
3.89
Total
Supranational 5,675,000.00 2.80%
5,661,024.50
5,638,329.28
98.11
5.18%
5,567,029.44
33,796.88
5.99%
(71,299.84)
Aaa/AAA
NA
2.29
2.10
US TREASURY
91282CBV2 UNITEDSTATES TREASURY0.375
04/15/2024 1,000,000.00 04/14/2021
0.36%
1,000,351.56
1,000,004.49
99.81
14.84%
998,094.94
1,731.56
1.07%
(1,909.55)
Aaa/AA+
AA+
0.04
0.05
912828X70 UNITEDSTATES TREASURY2.0
04/30/2024 1,000,000.00 07/27/2022
3.05%
981,914.06
999,183.03
99.73
8.69%
997,301.39
8,406.59
1.07%
(1,881.64)
Aaa/AA+
AA+
0.08
0.09
91282CCC3 UNITEDSTATES TREASURY0.25
05/15/2024 1,250,000.00 05/12/2021
0.35%
1,246,093.75
1,249,842.89
99.39
8.87%
1,242,353.52
1,184.75
1.34%
(7,489.37)
Aaa/AA+
AA+
0.12
0.13
91282CCG4 UNITEDSTATES TREASURY0.25
06/15/2024 1,500,000.00 06/10/2021
0.33%
1,496,542.97
1,499,763.43
98.95
7.51%
1,484,267.58
1,106.56
1.60%
(15,495.85)
Aaa/AA+
AA+
0.21
0.21
91282CCL3 UNITEDSTATES TREASURY0.375
07/15/2024 1,500,000.00 07/28/2021
0.38%
1,499,648.44
1,499,965.88
98.58
6.80%
1,478,774.42
1,189.90
1.59%
(21,191.47)
Aaa/AA+
AA+
0.29
0.29
33
HOLDINGS REPORT
Danville Short Term Treasury Pool |Account #21 |As of March 31,2024
Cusip SecurityDescription Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
%of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
912828YE4 UNITEDSTATES TREASURY1.25
08/31/2024 1,000,000.00 02/09/2021
0.26%
1,034,804.69
1,004,075.74
98.34
6.20%
983,447.27
1,086.96
1.06%
(20,628.47)
Aaa/AA+
AA+
0.42
0.41
91282CCX7 UNITEDSTATES TREASURY0.375
09/15/2024 1,400,000.00 09/13/2021
0.44%
1,397,265.63
1,399,583.36
97.83
6.27%
1,369,566.41
242.53
1.47%
(30,016.95)
Aaa/AA+
AA+
0.46
0.45
912828YM6 UNITEDSTATES TREASURY1.5
10/31/2024 1,350,000.00 08/06/2021
0.45%
1,395,246.09
1,358,174.23
97.86
5.79%
1,321,101.56
8,511.68
1.42%
(37,072.67)
Aaa/AA+
AA+
0.59
0.57
91282CDH1 UNITEDSTATES TREASURY0.75
11/15/2024 1,500,000.00 11/10/2021
0.80%
1,497,832.03
1,499,549.00
97.29
5.81%
1,459,292.00
4,265.11
1.57%
(40,257.00)
Aaa/AA+
AA+
0.63
0.61
91282CDN8 UNITEDSTATES TREASURY1.0
12/15/2024 850,000.00 01/26/2022
1.39%
840,636.72
847,705.86
97.12
5.65%
825,537.60
2,508.20
0.89%
(22,168.27)
Aaa/AA+
AA+
0.71
0.69
912828YY0 UNITEDSTATES TREASURY1.75
12/31/2024 1,500,000.00 03/15/2022
2.03%
1,488,632.81
1,496,949.45
97.51
5.53%
1,462,617.18
6,634.62
1.57%
(34,332.27)
Aaa/AA+
AA+
0.75
0.73
912828Z52 UNITEDSTATES TREASURY1.375
01/31/2025 1,500,000.00 02/24/2021
0.40%
1,557,011.72
1,512,109.04
96.97
5.47%
1,454,531.25
3,456.39
1.57%
(57,577.79)
Aaa/AA+
AA+
0.84
0.81
912828ZC7 UNITEDSTATES TREASURY1.125
02/28/2025 1,000,000.00 02/03/2022
1.43%
990,820.31
997,270.68
96.49
5.41%
964,931.64
978.26
1.04%
(32,339.04)
Aaa/AA+
AA+
0.91
0.89
912828ZF0 UNITEDSTATES TREASURY0.5
03/31/2025 1,350,000.00 --
0.66%
1,342,150.39
1,347,899.94
95.64
5.37%
1,291,088.12
18.44
1.39%
(56,811.82)
Aaa/AA+
AA+
1.00
0.98
912828ZL7 UNITEDSTATES TREASURY0.375
04/30/2025 2,000,000.00 --
1.52%
1,934,296.88
1,976,217.82
95.18
5.33%
1,903,593.76
3,152.47
2.05%
(72,624.06)
Aaa/AA+
AA+
1.08
1.06
912828ZT0 UNITEDSTATES TREASURY0.25
05/31/2025 1,500,000.00 06/11/2021
0.53%
1,483,359.38
1,495,112.46
94.71
5.29%
1,420,664.07
1,260.25
1.53%
(74,448.39)
Aaa/AA+
AA+
1.17
1.14
912828ZW3 UNITEDSTATES TREASURY0.25
06/30/2025 1,500,000.00 07/29/2021
0.55%
1,482,246.09
1,494,354.97
94.41
5.21%
1,416,093.75
947.80
1.52%
(78,261.22)
Aaa/AA+
AA+
1.25
1.22
91282CAB7 UNITEDSTATES TREASURY0.25
07/31/2025 1,350,000.00 12/02/2021
1.05%
1,310,871.09
1,335,765.98
94.08
5.17%
1,270,054.69
565.59
1.37%
(65,711.29)
Aaa/AA+
AA+
1.33
1.31
912828K74 UNITEDSTATES TREASURY2.0
08/15/2025 1,500,000.00 04/21/2022
2.94%
1,454,882.81
1,481,334.67
96.25
5.02%
1,443,750.00
3,791.21
1.55%
(37,584.67)
Aaa/AA+
AA+
1.38
1.33
9128285C0 UNITEDSTATES TREASURY3.0
09/30/2025 1,500,000.00 04/21/2022
2.96%
1,502,109.38
1,500,917.92
97.40
4.93%
1,460,976.57
122.95
1.57%
(39,941.35)
Aaa/AA+
AA+
1.50
1.43
9128285J5 UNITEDSTATES TREASURY3.0
10/31/2025 1,600,000.00 06/02/2022
2.87%
1,606,562.50
1,603,044.24
97.29
4.89%
1,556,562.50
20,175.82
1.68%
(46,481.75)
Aaa/AA+
AA+
1.59
1.51
912828M56 UNITEDSTATES TREASURY2.25
11/15/2025 1,700,000.00 06/09/2022
3.04%
1,655,839.84
1,679,117.24
96.06
4.90%
1,632,996.10
14,501.37
1.76%
(46,121.14)
Aaa/AA+
AA+
1.63
1.56
9128285T3 UNITEDSTATES TREASURY2.625
12/31/2025 1,100,000.00 07/13/2022
3.20%
1,079,031.25
1,089,416.25
96.50
4.82%
1,061,542.97
7,298.08
1.14%
(27,873.28)
Aaa/AA+
AA+
1.75
1.68
34
HOLDINGS REPORT
Danville Short Term Treasury Pool |Account #21 |As of March 31,2024
Cusip SecurityDescription Par Value/
Units
Purchase Date
Purchase Yield
CostValue
BookValue
Mkt Price
Mkt YTM
Market Value
Accrued Int.
%of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
9128286L9 UNITEDSTATES TREASURY2.25
03/31/2026 1,800,000.00 08/03/2022
2.99%
1,753,523.44
1,774,620.67
95.50
4.74%
1,718,929.69
110.66
1.85%
(55,690.98)
Aaa/AA+
AA+
2.00
1.90
9128286S4 UNITEDSTATES TREASURY2.375
04/30/2026 1,600,000.00 09/08/2022
3.42%
1,542,500.00
1,567,161.40
95.57
4.72%
1,529,124.99
15,972.53
1.65%
(38,036.41)
Aaa/AA+
AA+
2.08
1.98
912828YG9 UNITEDSTATES TREASURY1.625
09/30/2026 2,000,000.00 06/07/2023
4.09%
1,848,984.38
1,886,082.51
93.28
4.59%
1,865,546.88
88.80
2.01%
(20,535.63)
Aaa/AA+
AA+
2.50
2.39
91282CEF4 UNITEDSTATES TREASURY2.5
03/31/2027 1,450,000.00 11/28/2022
4.00%
1,363,566.41
1,390,228.61
94.68
4.49%
1,372,855.48
99.04
1.48%
(17,373.13)
Aaa/AA+
AA+
3.00
2.81
91282CEW7 UNITEDSTATES TREASURY3.25
06/30/2027 1,500,000.00 10/05/2022
4.00%
1,451,308.59
1,466,512.29
96.57
4.44%
1,448,554.68
12,321.43
1.56%
(17,957.61)
Aaa/AA+
AA+
3.25
3.02
91282CFH9 UNITEDSTATES TREASURY3.125
08/31/2027 1,600,000.00 01/20/2023
3.59%
1,568,437.50
1,576,586.30
96.06
4.44%
1,537,000.00
4,347.83
1.65%
(39,586.30)
Aaa/AA+
AA+
3.42
3.19
91282CFM8 UNITEDSTATES TREASURY4.125
09/30/2027 1,250,000.00 03/08/2023
4.44%
1,234,130.86
1,237,828.89
99.22
4.40%
1,240,283.20
140.88
1.33%
2,454.31
Aaa/AA+
AA+
3.50
3.16
Total US Treasury 42,650,000.00 1.99%
42,040,601.57
42,266,379.25
96.66
5.70%
41,211,434.19
126,218.24
44.35%
(1,054,945.07)
Aaa/AA+
AA+
1.38
1.31
Total Portfolio 95,309,705.99 2.88%
94,050,275.03
94,454,595.91
96.63
5.38%
92,917,123.00
470,529.44
100.00%
(1,537,472.90)
Aa1/AA
AA+
1.94
1.72
Total Market
Value + Accrued 93,387,652.45
35
HOLDINGS REPORT
Danville NERIAD Improvement Fund (89-1 90A)|Account #24 |As of March 31,2024
Cusip SecurityDescription Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
MktYTM
Market Value
Accrued Int.
%of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 177.67 --
0.00%
177.67
177.67
1.00
0.00%
177.67
0.00
0.02%
0.00
Aaa/AAA
AAA
0.00
0.00
Total Cash 177.67 0.00%
177.67
177.67
1.00
0.00%
177.67
0.00
0.02%
0.00
Aaa/AAA
AAA
0.00
0.00
MONEY MARKET
FUND
VP4530003 ALLSPRING:TRS+MM I 43,495.14 --
5.10%
43,495.14
43,495.14
1.00
5.10%
43,495.14
0.00
4.69%
0.00
Aaa/
AAAm
NA
0.00
0.00
Total Money
Market Fund 43,495.14 5.10%
43,495.14
43,495.14
1.00
5.10%
43,495.14
0.00
4.69%
0.00
Aaa/
AAAm
NA
0.00
0.00
US TREASURY
912797HG5 UNITEDSTATES TREASURY
04/25/2024 150,000.00 10/30/2023
5.55%
146,082.03
149,468.75
99.65
5.24%
149,474.31
0.00
16.11%
5.56
P-1/A-1+
F1+
0.07
0.07
912797FS1 UNITEDSTATES TREASURY
06/13/2024 250,000.00 10/02/2023
5.48%
240,766.04
247,346.15
98.94
5.02%
247,356.03
0.00
26.66%
9.88
P-1/A-1+
F1+
0.20
0.21
912797GL5 UNITEDSTATES TREASURY
09/05/2024 250,000.00 12/15/2023
5.05%
241,205.26
244,729.87
97.77
4.91%
244,418.87
0.00
26.35%
(311.00)
P-1/A-1+
F1+
0.43
0.43
91282CDN8 UNITEDSTATES TREASURY1.0
12/15/2024 250,000.00 03/14/2024
5.21%
242,343.75
242,817.05
97.12
5.65%
242,805.18
737.70
26.17%
(11.87)
Aaa/AA+
AA+
0.71
0.69
Total US Treasury 900,000.00 5.30%
870,397.08
884,361.81
98.24
5.20%
884,054.39
737.70
95.29%
(307.42)
Aaa/AAA
AAA
0.38
0.38
Total Portfolio 943,672.81 5.29%
914,069.89
928,034.62
93.66
5.19%
927,727.20
737.70
100.00%
(307.42)
Aaa/AAA
AAA
0.36
0.36
Total Market
Value + Accrued 928,464.90
36
SECTION |Section 4 |Transactions
37
Transaction Ledger
As of January 31,2024
Danville Short Term Treasury Pool
Account #21
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 01/04/2024 94975H296 4,614.40 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%4,614.40 0.00 4,614.40 0.00
Purchase 01/06/2024 94975H296 3,346.88 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%3,346.88 0.00 3,346.88 0.00
Purchase 01/12/2024 24422EXF1 1,000,000.00 John DeereCapitalCorp
4.5%Due 1/8/2027
99.922 4.53%999,220.00 500.00 999,720.00 0.00
Purchase 01/12/2024 94975H296 16,862.50 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%16,862.50 0.00 16,862.50 0.00
Purchase 01/12/2024 94975H296 950,000.00 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%950,000.00 0.00 950,000.00 0.00
Purchase 01/15/2024 94975H296 7,197.00 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%7,197.00 0.00 7,197.00 0.00
Purchase 01/16/2024 94975H296 1,177.25 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%1,177.25 0.00 1,177.25 0.00
Purchase 01/16/2024 94975H296 671.67 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%671.67 0.00 671.67 0.00
Purchase 01/16/2024 94975H296 4,278.50 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%4,278.50 0.00 4,278.50 0.00
Purchase 01/16/2024 94975H296 8,577.46 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%8,577.46 0.00 8,577.46 0.00
Purchase 01/16/2024 94975H296 26,680.26 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%26,680.26 0.00 26,680.26 0.00
Purchase 01/16/2024 94975H296 35,696.46 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%35,696.46 0.00 35,696.46 0.00
Purchase 01/16/2024 94975H296 18,420.87 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%18,420.87 0.00 18,420.87 0.00
Purchase 01/16/2024 94975H296 10,619.58 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%10,619.58 0.00 10,619.58 0.00
Purchase 01/16/2024 94975H296 16,079.89 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%16,079.89 0.00 16,079.89 0.00
Purchase 01/16/2024 94975H296 32,462.93 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%32,462.93 0.00 32,462.93 0.00
Purchase 01/16/2024 94975H296 43,004.52 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%43,004.52 0.00 43,004.52 0.00
Purchase 01/16/2024 94975H296 11,950.69 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%11,950.69 0.00 11,950.69 0.00
Purchase 01/17/2024 94975H296 1,383.75 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%1,383.75 0.00 1,383.75 0.00
Purchase 01/17/2024 94975H296 615,000.00 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%615,000.00 0.00 615,000.00 0.00
Purchase 01/22/2024 94975H296 941.50 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%941.50 0.00 941.50 0.00
Purchase 01/22/2024 94975H296 54,704.43 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%54,704.43 0.00 54,704.43 0.00
Purchase 01/22/2024 94975H296 13,643.25 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%13,643.25 0.00 13,643.25 0.00
Purchase 01/25/2024 94975H296 2,597.50 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%2,597.50 0.00 2,597.50 0.00
Purchase 01/25/2024 94975H296 2,703.33 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%2,703.33 0.00 2,703.33 0.00
Purchase 01/25/2024 94975H296 3,027.65 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%3,027.65 0.00 3,027.65 0.0038
Transaction Ledger
As of January 31,2024
Danville Short Term Treasury Pool
Account #21
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 01/25/2024 94975H296 2,010.00 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%2,010.00 0.00 2,010.00 0.00
Purchase 01/25/2024 94975H296 3,250.00 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%3,250.00 0.00 3,250.00 0.00
Purchase 01/25/2024 94975H296 3,266.67 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%3,266.67 0.00 3,266.67 0.00
Purchase 01/25/2024 94975H296 2,858.33 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%2,858.33 0.00 2,858.33 0.00
Purchase 01/25/2024 94975H296 797.71 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%797.71 0.00 797.71 0.00
Purchase 01/25/2024 94975H296 26,273.70 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%26,273.70 0.00 26,273.70 0.00
Purchase 01/25/2024 94975H296 19,321.38 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%19,321.38 0.00 19,321.38 0.00
Purchase 01/31/2024 94975H296 12,000.00 Wells Fargo Treasury Plus MMFD 453 1.000 5.21%12,000.00 0.00 12,000.00 0.00
Subtotal 2,955,420.06 2,954,640.06 500.00 2,955,140.06 0.00
Short Sale 01/12/2024 94975H296 -999,720.00 Wells Fargo Treasury Plus MMFD 453 1.000 -999,720.00 0.00 -999,720.00 0.00
Subtotal -999,720.00 -999,720.00 0.00 -999,720.00 0.00
TOTAL ACQUISITIONS 1,955,700.06 1,954,920.06 500.00 1,955,420.06 0.00
DISPOSITIONS
Closing
Purchase
01/12/2024 94975H296 -999,720.00 WellsFargo Treasury Plus MMFD453 1.000 -999,720.00 0.00 -999,720.00 0.00
Subtotal -999,720.00 -999,720.00 0.00 -999,720.00 0.00
Sale 01/12/2024 94975H296 999,720.00 WellsFargo Treasury Plus MMFD453 1.000 5.21%999,720.00 0.00 999,720.00 0.00
Subtotal 999,720.00 999,720.00 0.00 999,720.00 0.00
Paydown 01/16/2024 161571HT4 0.00 Chase Issuance Trust 23-A1 A
5.16%Due 9/15/2028
100.000 0.00 4,278.50 4,278.50 0.00
Paydown 01/16/2024 362585AC5 0.00 GM Financial Securitized ART 2022-2 A3
3.1%Due 2/16/2027
100.000 0.00 671.67 671.67 0.00
Paydown 01/16/2024 380146AC4 8,428.60 GM Financial Auto Receivables 2022-1
A3
1.26%Due 11/16/2026
100.000 8,428.60 148.86 8,577.46 0.00
39
Transaction Ledger
As of January 31,2024
Danville Short Term Treasury Pool
Account #21
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 01/16/2024 43815BAC4 26,030.47 Honda Auto Receivables Trust 2022-1 100.000 26,030.47 649.79 26,680.26 0.00
A3
1.88%Due 5/15/2026
Paydown 01/16/2024 448977AD0 34,627.53 Hyundai Auto Receivables Trust 2022-A 100.000 34,627.53 1,068.93 35,696.46 0.00
A3
2.22%Due 10/15/2026
Paydown 01/16/2024 47787JAC2 17,881.73 John DeereOwner Trust 2022-A A3 100.000 17,881.73 539.14 18,420.87 0.00
2.32%Due 9/16/2026
Paydown 01/16/2024 47788UAC6 10,597.79 John DeereOwner Trust 2021-A A3 100.000 10,597.79 21.79 10,619.58 0.00
0.36%Due 9/15/2025
Paydown 01/16/2024 47789QAC4 15,998.04 John DeereOwner Trust 2021-B A3 100.000 15,998.04 81.85 16,079.89 0.00
0.52%Due 3/16/2026
Paydown 01/16/2024 58769KAD6 32,452.13 Mercedes-Benz Auto LeaseTrust 2021-100.000 32,452.13 10.80 32,462.93 0.00
B A3
0.4%Due 11/15/2024
Paydown 01/16/2024 89190GAC1 42,914.06 Toyota Auto Receivables Trust 2021-B 100.000 42,914.06 90.46 43,004.52 0.00
A3
0.26%Due 11/17/2025
Paydown 01/16/2024 89238JAC9 11,848.14 Toyota Auto Receivables Trust 2021-D 100.000 11,848.14 102.55 11,950.69 0.00
A3
0.71%Due 4/15/2026
Paydown 01/16/2024 89239FAD4 0.00 Toyota Auto Receivables Owner 2023-D 100.000 0.00 1,177.25 1,177.25 0.00
A3
5.54%Due 8/15/2028
Paydown 01/22/2024 36266FAC3 53,604.81 GM Financial Auto Lease Trust 2022-2 100.000 53,604.81 1,099.62 54,704.43 0.00
A3
3.42%Due 6/20/2025
Paydown 01/22/2024 379929AD4 0.00 GM Financial Auto Leasing 2023-3 A3 100.000 0.00 941.50 941.50 0.00
5.38%Due 11/20/2026
Paydown 01/22/2024 43815GAC3 13,510.44 Honda Auto Receivables Trust 2021-4 100.000 13,510.44 132.81 13,643.25 0.00
A3
0.88%Due 1/21/2026
Paydown 01/25/2024 05592XAD2 0.00 BMW Vehicle Owner Trust 2023-A A3 100.000 0.00 797.71 797.71 0.00
5.47%Due 2/25/2028 40
Transaction Ledger
As of January 31,2024
Danville Short Term Treasury Pool
Account #21
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 01/25/2024 05601XAC3 26,212.92 BMW Vehicle Lease Trust 2022-1 A3
1.1%Due 3/25/2025
100.000 26,212.92 60.78 26,273.70 0.00
Paydown 01/25/2024 05602RAD3 18,537.91 BMW Vehicle Owner Trust 2022-A A3
3.21%Due 8/25/2026
100.000 18,537.91 783.47 19,321.38 0.00
Paydown 01/25/2024 3137BVZ82 0.00 FHLMCK063
3.43%Due 1/25/2027
100.000 0.00 2,858.33 2,858.33 0.00
Paydown 01/25/2024 3137F2LJ3 0.00 FHLMC K066 A2
3.117%Due 6/25/2027
100.000 0.00 2,597.50 2,597.50 0.00
Paydown 01/25/2024 3137FBBX3 0.00 FHLMC K068 A2
3.244%Due 8/25/2027
100.000 0.00 2,703.33 2,703.33 0.00
Paydown 01/25/2024 3137FBU79 0.00 FHLMC K069 A2
3.187%Due 9/25/2027
100.000 0.00 3,027.65 3,027.65 0.00
Paydown 01/25/2024 3137FETN0 0.00 FHLMC K073 A2
3.35%Due 1/25/2028
100.000 0.00 2,010.00 2,010.00 0.00
Paydown 01/25/2024 3137FJEH8 0.00 FHLMC K081 A2
3.9%Due 8/25/2028
100.000 0.00 3,250.00 3,250.00 0.00
Paydown 01/25/2024 3137FJKE8 0.00 FHLMC K082 A2
3.92%Due 9/25/2028
100.000 0.00 3,266.67 3,266.67 0.00
Subtotal 312,644.57 312,644.57 32,370.96 345,015.53 0.00
Maturity 01/12/2024 02665WCT6 950,000.00 American Honda Finance Note
3.55%Due 1/12/2024
100.000 950,000.00 0.00 950,000.00 0.00
Maturity 01/17/2024 24422EVN6 615,000.00 JohnDeere CapitalCorpNote
0.45%Due 1/17/2024
100.000 615,000.00 0.00 615,000.00 0.00
Subtotal 1,565,000.00 1,565,000.00 0.00 1,565,000.00 0.00
TOTAL DISPOSITIONS 1,877,644.57 1,877,644.57 32,370.96 1,910,015.53 0.00
OTHER TRANSACTIONS
Interest 01/06/2024 3133ENKS8 595,000.00 FFCBNote
1.125%Due 1/6/2025
0.000 3,346.88 0.00 3,346.88 0.00
Interest 01/12/2024 02665WCT6 950,000.00 American Honda Finance Note
3.55%Due 1/12/2024
0.000 16,862.50 0.00 16,862.50 0.0041
Transaction Ledger
As of January 31,2024
Danville Short Term Treasury Pool
Account #21
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
OTHER TRANSACTIONS
Interest 01/15/2024 45950KDF4 925,000.00 International Finance Corp Note
4.375%Due 1/15/2027
0.000 4,384.50 0.00 4,384.50 0.00
Interest 01/15/2024 91282CCL3 1,500,000.00 USTreasury Note
0.375%Due 7/15/2024
0.000 2,812.50 0.00 2,812.50 0.00
Interest 01/17/2024 24422EVN6 615,000.00 JohnDeere CapitalCorpNote
0.45%Due 1/17/2024
0.000 1,383.75 0.00 1,383.75 0.00
Interest 01/31/2024 912828Z52 1,500,000.00 USTreasury Note
1.375%Due 1/31/2025
0.000 10,312.50 0.00 10,312.50 0.00
Interest 01/31/2024 91282CAB7 1,350,000.00 USTreasury Note
0.25%Due 7/31/2025
0.000 1,687.50 0.00 1,687.50 0.00
Subtotal 7,435,000.00 40,790.13 0.00 40,790.13 0.00
Dividend 01/04/2024 94975H296 156,851.70 Wells Fargo Treasury Plus MMFD453 0.000 4,614.40 0.00 4,614.40 0.00
Dividend 01/15/2024 90LAIF$00 6,969,368.92 LocalAgency Investment Fund State
Pool
0.000 726.39 0.00 726.39 0.00
Subtotal 7,126,220.62 5,340.79 0.00 5,340.79 0.00
TOTAL OTHER TRANSACTIONS 14,561,220.62 46,130.92 0.00 46,130.92 0.00
42
TRANSACTION LEDGER
Danville Short Term Treasury Pool |Account #21 |As of February 29,2024
Transaction Type Settlement
Date CUSIP Quantity SecurityDescription Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 02/02/2024 94975H296 2,409.01 ALLSPRING:TRS+MM I 1.000 5.20%(2,409.01)0.00 (2,409.01)0.00
Purchase 02/05/2024 94975H296 21,250.00 ALLSPRING:TRS+MM I 1.000 5.18%(21,250.00)0.00 (21,250.00)0.00
Purchase 02/05/2024 94975H296 1,700,000.00 ALLSPRING:TRS+MM I 1.000 5.18%(1,700,000.00)0.00 (1,700,000.00)0.00
Purchase 02/06/2024 94975H296 2,313.45 ALLSPRING:TRS+MM I 1.000 5.16%(2,313.45)0.00 (2,313.45)0.00
Purchase 02/09/2024 94975H296 962.50 ALLSPRING:TRS+MM I 1.000 5.18%(962.50)0.00 (962.50)0.00
Purchase 02/12/2024 89236TJK2 1,000,000.00 TOYOTA MOTOR CREDIT CORP
1.125 06/18/2026 92.180 4.68%(921,800.00)(1,687.50)(923,487.50)0.00
Purchase 02/12/2024 94975H296 13,003.75 ALLSPRING:TRS+MM I 1.000 5.18%(13,003.75)0.00 (13,003.75)0.00
Purchase 02/14/2024 94975H296 46,875.00 ALLSPRING:TRS+MM I 1.000 5.18%(46,875.00)0.00 (46,875.00)0.00
Purchase 02/15/2024 94975H296 166,522.83 ALLSPRING:TRS+MM I 1.000 5.19%(166,522.83)0.00 (166,522.83)0.00
Purchase 02/15/2024 94975H296 29,029.03 ALLSPRING:TRS+MM I 1.000 5.19%(29,029.03)0.00 (29,029.03)0.00
Purchase 02/16/2024 94975H296 17,872.05 ALLSPRING:TRS+MM I 1.000 5.18%(17,872.05)0.00 (17,872.05)0.00
Purchase 02/16/2024 94975H296 1,912.09 ALLSPRING:TRS+MM I 1.000 5.18%(1,912.09)0.00 (1,912.09)0.00
Purchase 02/20/2024 94975H296 29,518.34 ALLSPRING:TRS+MM I 1.000 5.18%(29,518.34)0.00 (29,518.34)0.00
Purchase 02/20/2024 94975H296 59,228.74 ALLSPRING:TRS+MM I 1.000 5.18%(59,228.74)0.00 (59,228.74)0.00
Purchase 02/21/2024 94975H296 122.90 ALLSPRING:TRS+MM I 1.000 5.17%(122.90)0.00 (122.90)0.00
Purchase 02/21/2024 94975H296 13,447.60 ALLSPRING:TRS+MM I 1.000 5.17%(13,447.60)0.00 (13,447.60)0.00
Purchase 02/23/2024 94975H296 12,187.50 ALLSPRING:TRS+MM I 1.000 5.18%(12,187.50)0.00 (12,187.50)0.00
Purchase 02/26/2024 17275RBQ4 500,000.00 CISCO SYSTEMS INC 4.8
02/26/2027 99.870 4.85%(499,350.00)0.00 (499,350.00)0.00
Purchase 02/26/2024 94975H296 29,719.32 ALLSPRING:TRS+MM I 1.000 5.18%(29,719.32)0.00 (29,719.32)0.00
Purchase 02/29/2024 94975H296 36,875.00 ALLSPRING:TRS+MM I 1.000 5.19%(36,875.00)0.00 (36,875.00)0.00
Purchase 03/04/2024 17275RBQ4 500,000.00 CISCO SYSTEMS INC 4.8
02/26/2027 100.054 4.78%(500,270.00)(533.33)(500,803.33)0.00
Total Purchase 4,183,249.11 (4,104,669.11)(2,220.83)(4,106,889.94)0.00
TOTALACQUISITIONS 4,183,249.11 (4,104,669.11)(2,220.83)(4,106,889.94)0.00
DISPOSITIONS
Sale 02/01/2024 94975H296 (76,375.45)ALLSPRING:TRS+MM I 1.000 5.21%76,375.45 0.00 76,375.45 0.00
Sale 02/01/2024 94975H296 (927,644.55)ALLSPRING:TRS+MM I 1.000 5.21%927,644.55 0.00 927,644.55 0.00
Sale 02/12/2024 94975H296 (923,487.50)ALLSPRING:TRS+MM I 1.000 5.18%923,487.50 0.00 923,487.50 0.00
43
TRANSACTION LEDGER
Danville Short Term Treasury Pool |Account #21 |As of February 29,2024
Transaction Type Settlement
Date CUSIP Quantity SecurityDescription Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Sale 02/26/2024 94975H296 (456,838.86)ALLSPRING:TRS+MM I 1.000 5.18%456,838.86 0.00 456,838.86 0.00
Total Sale (2,384,346.36)2,384,346.36 0.00 2,384,346.36 0.00
TOTALDISPOSITIONS (2,384,346.36)2,384,346.36 0.00 2,384,346.36 0.00
OTHER
TRANSACTIONS
Coupon 02/01/2024 3137BVZ82 0.00 FHMS K-063 A2 3.43
01/25/2027 4.44%2,858.33 0.00 2,858.33 0.00
Coupon 02/01/2024 3137F2LJ3 0.00 FHMS K-066 A2 3.117
06/25/2027 4.20%2,597.50 0.00 2,597.50 0.00
Coupon 02/01/2024 3137FBBX3 0.00 FHMS K-068 A2 3.244
08/25/2027 3.95%2,703.33 0.00 2,703.33 0.00
Coupon 02/01/2024 3137FBU79 0.00 FHMS K-069 A2 3.187
09/25/2027 4.27%3,027.65 0.00 3,027.65 0.00
Coupon 02/01/2024 3137FETN0 0.00 FHMS K-073 A2 3.35
01/25/2028 4.25%2,010.00 0.00 2,010.00 0.00
Coupon 02/01/2024 3137FJEH8 0.00 FHMS K-081 A2 3.908/25/2028 4.83%3,250.00 0.00 3,250.00 0.00
Coupon 02/01/2024 3137FJKE8 0.00 FHMS K-082 A2 3.92
09/25/2028 5.30%3,266.67 0.00 3,266.67 0.00
Coupon 02/05/2024 3135G0V34 0.00
FEDERALNATIONAL
MORTGAGE ASSOCIATION 2.5
02/05/2024
2.50%21,250.00 0.00 21,250.00 0.00
Coupon 02/06/2024 857477BR3 0.00 STATESTREETCORP1.746
02/06/2026 1.75%2,313.45 0.00 2,313.45 0.00
Coupon 02/09/2024 69371RR40 0.00 PACCAR FINANCIAL CORP 0.5
08/09/2024 0.52%962.50 0.00 962.50 0.00
Coupon 02/10/2024 69371RS56 0.00 PACCAR FINANCIAL CORP 5.05
08/10/2026 5.07%13,003.75 0.00 13,003.75 0.00
Coupon 02/14/2024 3133ENPG9 0.00
FEDERALFARM CREDIT
BANKS FUNDING CORP 1.75
02/14/2025
1.83%13,125.00 0.00 13,125.00 0.00
Coupon 02/14/2024 3133EPSW6 0.00
FEDERALFARM CREDIT
BANKS FUNDING CORP 4.5
08/14/2026
4.58%33,750.00 0.00 33,750.00 0.00
44
TRANSACTION LEDGER
Danville Short Term Treasury Pool |Account #21 |As of February 29,2024
Transaction Type Settlement
Date CUSIP Quantity SecurityDescription Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 02/15/2024 47788UAC6 0.00 JDOT 2021 A3 0.36 09/15/2025 0.37%18.62 0.00 18.62 0.00
Coupon 02/15/2024 89190GAC1 0.00 TAOT 2021-B A3 0.26
11/17/2025 0.27%81.16 0.00 81.16 0.00
Coupon 02/15/2024 47789QAC4 0.00 JDOT 2021-B A3 0.52
03/16/2026 0.53%74.92 0.00 74.92 0.00
Coupon 02/15/2024 89238JAC9 0.00 TAOT 2021-D A3 0.71
04/15/2026 0.71%95.54 0.00 95.54 0.00
Coupon 02/15/2024 43815BAC4 0.00 HAROT 2022-1 A3 1.88
05/15/2026 1.90%609.01 0.00 609.01 0.00
Coupon 02/15/2024 448977AD0 0.00 HART 2022-AA3 2.22
10/15/2026 2.23%1,004.87 0.00 1,004.87 0.00
Coupon 02/15/2024 47787JAC2 0.00 JDOT 2022 A3 0.36 09/15/2026 2.35%504.57 0.00 504.57 0.00
Coupon 02/15/2024 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23%4,278.50 0.00 4,278.50 0.00
Coupon 02/15/2024 89239FAD4 0.00 TAOT 2023-D A3 5.54
08/15/2028 5.61%1,177.25 0.00 1,177.25 0.00
Coupon 02/15/2024 912828K74 0.00 UNITEDSTATES TREASURY 2.0
08/15/2025 2.94%15,000.00 0.00 15,000.00 0.00
Coupon 02/15/2024 194162AM5 0.00 COLGATE-PALMOLIVE CO 3.1
08/15/2025 3.13%7,285.00 0.00 7,285.00 0.00
Coupon 02/16/2024 380146AC4 0.00 GMCAR 2022-1 A3 1.23
11/16/2026 1.27%140.01 0.00 140.01 0.00
Coupon 02/16/2024 362585AC5 0.00 GMCAR 2022-2 A3 3.1
02/16/2027 3.13%671.67 0.00 671.67 0.00
Coupon 02/18/2024 06428CAA2 0.00 BANK OF AMERICA NA 5.526
08/18/2026 5.48%27,630.00 0.00 27,630.00 0.00
Coupon 02/20/2024 36266FAC3 0.00 GMALT 2022-2 A3 3.42
06/20/2025 3.46%946.84 0.00 946.84 0.00
Coupon 02/20/2024 379929AD4 0.00 GMALT 2023-3 A3 5.38
11/20/2026 5.45%941.50 0.00 941.50 0.00
Coupon 02/21/2024 43815GAC3 0.00 HAROT 2021-4 A3 0.88
01/21/2026 0.90%122.90 0.00 122.90 0.00
Coupon 02/23/2024 037833BY5 0.00 APPLE INC 3.2502/23/2026 4.27%12,187.50 0.00 12,187.50 0.00
45
TRANSACTION LEDGER
Danville Short Term Treasury Pool |Account #21 |As of February 29,2024
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 02/25/2024 05601XAC3 0.00 BMWLT 2022-1 A3 1.03
03/25/2025 1.15%36.75 0.00 36.75 0.00
Coupon 02/25/2024 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.24%733.88 0.00 733.88 0.00
Coupon 02/25/2024 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.54%797.71 0.00 797.71 0.00
Coupon 02/25/2024 3135G05X7 0.00
FEDERALNATIONAL
MORTGAGE ASSOCIATION
0.375 08/25/2025
1.17%1,875.00 0.00 1,875.00 0.00
Coupon 02/25/2024 3133ENPY0 0.00
FEDERALFARM CREDIT
BANKS FUNDINGCORP 1.75
02/25/2025
2.05%6,562.50 0.00 6,562.50 0.00
Coupon 02/29/2024 912828YE4 0.00 UNITEDSTATES TREASURY1.25
08/31/2024 0.26%6,250.00 0.00 6,250.00 0.00
Coupon 02/29/2024 912828ZC7 0.00 UNITEDSTATES TREASURY
1.125 02/28/2025 1.43%5,625.00 0.00 5,625.00 0.00
Coupon 02/29/2024 91282CFH9 0.00 UNITEDSTATES TREASURY
3.125 08/31/2027 3.59%25,000.00 0.00 25,000.00 0.00
Total Coupon 0.00 223,768.88 0.00 223,768.88 0.00
Dividend 02/29/2024 94975H296 0.00 ALLSPRING:TRS+MM I 5.19%(241.12)0.00 (241.12)0.00
Total Dividend 0.00 (241.12)0.00 (241.12)0.00
Maturity 02/05/2024 3135G0V34 (1,700,000.00)
FEDERALNATIONAL
MORTGAGE ASSOCIATION 2.5
02/05/2024
100.000 2.50%1,700,000.00 0.00 1,700,000.00 0.00
Total Maturity (1,700,000.00)1,700,000.00 0.00 1,700,000.00 0.00
Principal Paydown 02/15/2024 89190GAC1 44,961.39 TAOT 2021-B A3 0.26
11/17/2025 0.27%44,961.39 --44,961.39 (0.00)
Principal Paydown 02/15/2024 47788UAC6 9,250.39 JDOT 2021 A3 0.3609/15/2025 0.37%9,250.39 --9,250.39 (0.00)
Principal Paydown 02/15/2024 47789QAC4 20,153.20 JDOT 2021-BA3 0.52
03/16/2026 0.53%20,153.20 --20,153.20 0.00
Principal Paydown 02/15/2024 89238JAC9 12,644.34 TAOT 2021-D A3 0.71
04/15/2026 0.71%12,644.34 --12,644.34 0.00
Principal Paydown 02/15/2024 43815BAC4 25,936.62 HAROT 2022-1A3 1.88
05/15/2026 1.90%25,936.62 --25,936.62 (0.00)
46
TRANSACTION LEDGER
Danville Short Term Treasury Pool |Account #21 |As of February 29,2024
Transaction Type Settlement
Date CUSIP Quantity SecurityDescription Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Principal Paydown 02/15/2024 448977AD0 33,773.81 HART2022-AA3 2.22
10/15/2026 2.23%33,773.81 --33,773.81 0.00
Principal Paydown 02/15/2024 47787JAC2 19,803.08 JDOT 2022 A3 0.3609/15/2026 2.35%19,803.08 --19,803.08 (0.00)
Principal Paydown 02/16/2024 380146AC4 8,327.47 GMCAR 2022-1 A3 1.23
11/16/2026 1.27%8,327.47 --8,327.47 0.00
Principal Paydown 02/16/2024 362585AC5 9,544.58 GMCAR 2022-2 A3 3.1
02/16/2027 3.13%9,544.58 --9,544.58 (0.00)
Principal Paydown 02/20/2024 36266FAC3 59,228.74 GMALT 2022-2 A3 3.42
06/20/2025 3.46%59,228.74 --59,228.74 (0.00)
Principal Paydown 02/21/2024 43815GAC3 13,447.60 HAROT 2021-4A3 0.88
01/21/2026 0.90%13,447.60 --13,447.60 0.00
Principal Paydown 02/25/2024 05601XAC3 23,771.13 BMWLT 2022-1 A3 1.03
03/25/2025 1.15%23,771.13 --23,771.13 (0.00)
Principal Paydown 02/25/2024 05602RAD3 18,740.01 BMWOT 2022-A A3 3.21
08/25/2026 3.24%18,740.01 --18,740.01 (0.00)
Total Principal
Paydown 299,582.36 299,582.36 --299,582.36 (0.00)
TOTALOTHER
TRANSACTIONS (1,400,417.64)2,223,110.12 0.00 2,223,110.12 (0.00)
47
TRANSACTION LEDGER
Danville Short Term Treasury Pool |Account #21 |As of March 31,2024
Transaction Type Settlement
Date CUSIP Quantity SecurityDescription Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 03/04/2024 94975H296 14,383.53 ALLSPRING:TRS+MM I 1.000 5.19%(14,383.53)0.00 (14,383.53)0.00
Purchase 03/08/2024 94975H296 14,062.50 ALLSPRING:TRS+MM I 1.000 5.17%(14,062.50)0.00 (14,062.50)0.00
Purchase 03/08/2024 94975H296 1,500,000.00 ALLSPRING:TRS+MM I 1.000 5.17%(1,500,000.00)0.00 (1,500,000.00)0.00
Purchase 03/11/2024 94975H296 13,650.00 ALLSPRING:TRS+MM I 1.000 5.17%(13,650.00)0.00 (13,650.00)0.00
Purchase 03/13/2024 459058KT9 1,500,000.00
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
97.131 4.23%(1,456,965.00)(8,895.83)(1,465,860.83)0.00
Purchase 03/15/2024 94975H296 153,964.93 ALLSPRING:TRS+MM I 1.000 5.17%(153,964.93)0.00 (153,964.93)0.00
Purchase 03/18/2024 857477CL5 1,065,000.00 STATESTREETCORP4.993
03/18/2027 100.000 4.99%(1,065,000.00)0.00 (1,065,000.00)0.00
Purchase 03/18/2024 94975H296 4,528.28 ALLSPRING:TRS+MM I 1.000 5.17%(4,528.28)0.00 (4,528.28)0.00
Purchase 03/20/2024 94975H296 1,719.54 ALLSPRING:TRS+MM I 1.000 5.17%(1,719.54)0.00 (1,719.54)0.00
Purchase 03/20/2024 94975H296 64,621.61 ALLSPRING:TRS+MM I 1.000 5.17%(64,621.61)0.00 (64,621.61)0.00
Purchase 03/21/2024 94975H296 12,874.95 ALLSPRING:TRS+MM I 1.000 5.17%(12,874.95)0.00 (12,874.95)0.00
Purchase 03/21/2024 94975H296 113.04 ALLSPRING:TRS+MM I 1.000 5.17%(113.04)0.00 (113.04)0.00
Purchase 03/25/2024 94975H296 24,334.90 ALLSPRING:TRS+MM I 1.000 5.17%(24,334.90)0.00 (24,334.90)0.00
Purchase 03/25/2024 94975H296 33,648.27 ALLSPRING:TRS+MM I 1.000 5.17%(33,648.27)0.00 (33,648.27)0.00
Total Purchase 4,402,901.55 (4,359,866.55)(8,895.83)(4,368,762.38)0.00
TOTALACQUISITIONS 4,402,901.55 (4,359,866.55)(8,895.83)(4,368,762.38)0.00
DISPOSITIONS
Maturity 03/08/2024 3130A7PH2 (1,500,000.00)FEDERALHOME LOAN BANKS
1.875 03/08/2024 100.000 1.88%1,500,000.00 0.00 1,500,000.00 0.00
Maturity 03/18/2024 808513BN4 (1,000,000.00)CHARLES SCHWAB CORP 0.75
03/18/2024 100.000 0.75%1,000,000.00 0.00 1,000,000.00 0.00
Total Maturity (2,500,000.00)2,500,000.00 0.00 2,500,000.00 0.00
Sale 03/04/2024 94975H296 (500,803.33)ALLSPRING:TRS+MM I 1.000 5.19%500,803.33 0.00 500,803.33 0.00
Sale 03/13/2024 94975H296 (1,465,860.83)ALLSPRING:TRS+MM I 1.000 5.17%1,465,860.83 0.00 1,465,860.83 0.00
Sale 03/18/2024 94975H296 (42,913.27)ALLSPRING:TRS+MM I 1.000 5.17%42,913.27 0.00 42,913.27 0.00
Total Sale (2,009,577.43)2,009,577.43 0.00 2,009,577.43 0.00
TOTALDISPOSITIONS (4,509,577.43)4,509,577.43 0.00 4,509,577.43 0.00
48
TRANSACTION LEDGER
Danville Short Term Treasury Pool |Account #21 |As of March 31,2024
Transaction Type Settlement
Date CUSIP Quantity SecurityDescription Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
OTHER
TRANSACTIONS
Coupon 03/01/2024 3137BVZ82 0.00 FHMS K-063 A2 3.43
01/25/2027 4.44%2,858.33 0.00 2,858.33 0.00
Coupon 03/01/2024 3137F2LJ3 0.00 FHMS K-066 A2 3.117
06/25/2027 4.20%2,597.50 0.00 2,597.50 0.00
Coupon 03/01/2024 3137FBBX3 0.00 FHMS K-068 A2 3.244
08/25/2027 3.95%2,703.33 0.00 2,703.33 0.00
Coupon 03/01/2024 3137FBU79 0.00 FHMS K-069 A2 3.187
09/25/2027 4.27%3,027.65 0.00 3,027.65 0.00
Coupon 03/01/2024 3137FETN0 0.00 FHMS K-073 A2 3.35
01/25/2028 4.25%2,010.00 0.00 2,010.00 0.00
Coupon 03/01/2024 3137FJEH8 0.00 FHMS K-081 A2 3.908/25/2028 4.83%3,250.00 0.00 3,250.00 0.00
Coupon 03/01/2024 3137FJKE8 0.00 FHMS K-082 A2 3.92
09/25/2028 5.30%3,266.67 0.00 3,266.67 0.00
Coupon 03/03/2024 57636QAN4 0.00 MASTERCARD INC 2.0
03/03/2025 2.03%10,000.00 0.00 10,000.00 0.00
Coupon 03/08/2024 3130A7PH2 0.00 FEDERALHOME LOANBANKS
1.875 03/08/2024 1.88%14,062.50 0.00 14,062.50 0.00
Coupon 03/09/2024 931142EW9 0.00 WALMART INC 3.9 09/09/2025 4.64%13,650.00 0.00 13,650.00 0.00
Coupon 03/15/2024 47788UAC6 0.00 JDOT 2021 A3 0.36 09/15/2025 0.38%15.84 0.00 15.84 0.00
Coupon 03/15/2024 89190GAC1 0.00 TAOT 2021-B A3 0.26
11/17/2025 0.27%71.42 0.00 71.42 0.00
Coupon 03/15/2024 47789QAC4 0.00 JDOT 2021-B A3 0.52
03/16/2026 0.53%66.18 0.00 66.18 0.00
Coupon 03/15/2024 91282CCX7 0.00 UNITEDSTATES TREASURY
0.375 09/15/2024 0.44%2,625.00 0.00 2,625.00 0.00
Coupon 03/15/2024 89238JAC9 0.00 TAOT 2021-D A3 0.71
04/15/2026 0.71%88.05 0.00 88.05 0.00
Coupon 03/15/2024 43815BAC4 0.00 HAROT 2022-1 A3 1.88
05/15/2026 1.90%568.37 0.00 568.37 0.00
Coupon 03/15/2024 448977AD0 0.00 HART 2022-AA3 2.22
10/15/2026 2.23%942.39 0.00 942.39 0.00
49
TRANSACTION LEDGER
Danville Short Term Treasury Pool |Account #21 |As of March 31,2024
Transaction Type Settlement
Date CUSIP Quantity SecurityDescription Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/15/2024 47787JAC2 0.00 JDOT 2022 A3 0.3609/15/2026 2.35%466.28 0.00 466.28 0.00
Coupon 03/15/2024 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23%4,278.50 0.00 4,278.50 0.00
Coupon 03/15/2024 89239FAD4 0.00 TAOT 2023-D A3 5.54
08/15/2028 5.61%1,177.25 0.00 1,177.25 0.00
Coupon 03/16/2024 380146AC4 0.00 GMCAR 2022-1 A3 1.23
11/16/2026 1.27%131.27 0.00 131.27 0.00
Coupon 03/16/2024 362585AC5 0.00 GMCAR 2022-2 A3 3.1
02/16/2027 3.13%647.01 0.00 647.01 0.00
Coupon 03/18/2024 808513BN4 0.00 CHARLES SCHWAB CORP 0.75
03/18/2024 0.75%3,750.00 0.00 3,750.00 0.00
Coupon 03/20/2024 36266FAC3 0.00 GMALT 2022-2 A3 3.42
06/20/2025 3.47%778.04 0.00 778.04 0.00
Coupon 03/20/2024 379929AD4 0.00 GMALT 2023-3 A3 5.38
11/20/2026 5.45%941.50 0.00 941.50 0.00
Coupon 03/21/2024 43815GAC3 0.00 HAROT 2021-4A3 0.88
01/21/2026 0.90%113.04 0.00 113.04 0.00
Coupon 03/23/2024 4581X0DZ8 0.00
INTER-AMERICAN
DEVELOPMENT BANK 0.5
09/23/2024
0.52%3,125.00 0.00 3,125.00 0.00
Coupon 03/25/2024 05601XAC3 0.00 BMWLT 2022-1 A3 1.03
03/25/2025 0.00%14.96 0.00 14.96 0.00
Coupon 03/25/2024 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.24%683.75 0.00 683.75 0.00
Coupon 03/25/2024 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.54%797.71 0.00 797.71 0.00
Coupon 03/31/2024 9128285C0 0.00 UNITEDSTATES TREASURY 3.0
09/30/2025 2.96%22,500.00 0.00 22,500.00 0.00
Coupon 03/31/2024 9128286L9 0.00 UNITEDSTATES TREASURY 2.25
03/31/2026 2.99%20,250.00 0.00 20,250.00 0.00
Coupon 03/31/2024 912828YG9 0.00 UNITEDSTATES TREASURY
1.625 09/30/2026 4.09%16,250.00 0.00 16,250.00 0.00
Coupon 03/31/2024 912828ZF0 0.00 UNITEDSTATES TREASURY 0.5
03/31/2025 0.66%3,375.00 0.00 3,375.00 0.00
50
TRANSACTION LEDGER
Danville Short Term Treasury Pool |Account #21 |As of March 31,2024
Transaction Type Settlement
Date CUSIP Quantity SecurityDescription Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/31/2024 91282CEF4 0.00 UNITEDSTATES TREASURY 2.5
03/31/2027 4.00%18,125.00 0.00 18,125.00 0.00
Coupon 03/31/2024 91282CFM8 0.00 UNITEDSTATES TREASURY
4.125 09/30/2027 4.44%25,781.25 0.00 25,781.25 0.00
Total Coupon 0.00 184,988.79 0.00 184,988.79 0.00
Dividend 03/31/2024 94975H296 0.00 ALLSPRING:TRS+MM I 5.18%(200.49)0.00 3,523.50 0.00
Total Dividend 0.00 (200.49)0.00 3,523.50 0.00
Principal Paydown 03/15/2024 89190GAC1 40,808.93 TAOT 2021-B A3 0.26
11/17/2025 0.27%40,808.93 --40,808.93 0.00
Principal Paydown 03/15/2024 47788UAC6 6,669.53 JDOT 2021 A3 0.3609/15/2025 0.38%6,669.53 --6,669.53 (0.00)
Principal Paydown 03/15/2024 47789QAC4 13,867.82 JDOT 2021-B A3 0.52
03/16/2026 0.53%13,867.82 --13,867.82 0.00
Principal Paydown 03/15/2024 89238JAC9 11,900.90 TAOT 2021-D A3 0.71
04/15/2026 0.71%11,900.90 --11,900.90 (0.00)
Principal Paydown 03/15/2024 43815BAC4 25,524.94 HAROT 2022-1A3 1.88
05/15/2026 1.90%25,524.94 --25,524.94 (0.00)
Principal Paydown 03/15/2024 448977AD0 32,850.01 HART2022-AA3 2.22
10/15/2026 2.23%32,850.01 --32,850.01 (0.00)
Principal Paydown 03/15/2024 47787JAC2 12,043.52 JDOT 2022 A3 0.3609/15/2026 2.35%12,043.52 --12,043.52 (0.00)
Principal Paydown 03/16/2024 380146AC4 8,290.10 GMCAR 2022-1 A3 1.23
11/16/2026 1.27%8,290.10 --8,290.10 (0.00)
Principal Paydown 03/16/2024 362585AC5 13,796.63 GMCAR 2022-2 A3 3.1
02/16/2027 3.13%13,796.63 --13,796.63 0.00
Principal Paydown 03/20/2024 36266FAC3 64,621.61 GMALT 2022-2 A3 3.42
06/20/2025 3.47%64,621.61 --64,621.61 (0.00)
Principal Paydown 03/21/2024 43815GAC3 12,874.95 HAROT 2021-4A3 0.88
01/21/2026 0.90%12,874.95 --12,874.95 (0.00)
Principal Paydown 03/25/2024 05601XAC3 16,316.74 BMWLT 2022-1 A3 1.03
03/25/2025 0.00%16,316.74 --16,316.74 0.00
Principal Paydown 03/25/2024 05602RAD3 17,331.53 BMWOT 2022-A A3 3.21
08/25/2026 3.24%17,331.53 --17,331.53 0.00
Total Principal
Paydown 276,897.21 276,897.21 --276,897.21 (0.02)
51
TRANSACTION LEDGER
Danville Short Term Treasury Pool |Account #21 |As of March 31,2024
Transaction Type Settlement
Date CUSIP Quantity SecurityDescription Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
TOTALOTHER
TRANSACTIONS 276,897.21 461,685.51 0.00 465,409.50 (0.02)
52
Transaction Ledger
As of January 31,2024
Danville NERIAD Improvement Fund (89-1 90A)
Account #24
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 01/04/2024 94975H296 197.02 Wells Fargo Treasury Plus MMFD453 1.000 5.21%197.02 0.00 197.02 0.00
Subtotal 197.02 197.02 0.00 197.02 0.00
TOTAL ACQUISITIONS 197.02 197.02 0.00 197.02 0.00
OTHER TRANSACTIONS
Dividend 01/04/2024 94975H296 35,804.48 Wells Fargo Treasury Plus MMFD453 0.000 197.02 0.00 197.02 0.00
Subtotal 35,804.48 197.02 0.00 197.02 0.00
TOTAL OTHER TRANSACTIONS 35,804.48 197.02 0.00 197.02 0.00
53
TRANSACTION LEDGER
Danville NERIAD Improvement Fund (89-1 90A) |Account #24 |As of February 29,2024
Transaction Type Settlement
Date CUSIP Quantity SecurityDescription Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 02/02/2024 94975H296 146.68 ALLSPRING:TRS+MM I 1.000 5.20%(146.68)0.00 (146.68)0.00
Total Purchase 146.68 (146.68)0.00 (146.68)0.00
TOTALACQUISITIONS 146.68 (146.68)0.00 (146.68)0.00
OTHER
TRANSACTIONS
Dividend 02/29/2024 94975H296 0.00 ALLSPRING:TRS+MM I 5.19%(6.49)0.00 (6.49)0.00
Total Dividend 0.00 (6.49)0.00 (6.49)0.00
TOTALOTHER
TRANSACTIONS 0.00 (6.49)0.00 (6.49)0.00
54
TRANSACTION LEDGER
Danville NERIAD Improvement Fund (89-1 90A)|Account #24 |As of March 31,2024
Transaction Type Settlement
Date CUSIP Quantity SecurityDescription Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 03/04/2024 94975H296 137.37 ALLSPRING:TRS+MM I 1.000 5.19%(137.37)0.00 (137.37)0.00
Purchase 03/15/2024 94975H296 7,347.17 ALLSPRING:TRS+MM I 1.000 5.17%(7,347.17)0.00 (7,347.17)0.00
Purchase 03/15/2024 91282CDN8 250,000.00 UNITEDSTATES TREASURY 1.0
12/15/2024 96.938 5.21%(242,343.75)(621.58)(242,965.33)0.00
Total Purchase 257,484.54 (249,828.29)(621.58)(250,449.87)0.00
TOTALACQUISITIONS 257,484.54 (249,828.29)(621.58)(250,449.87)0.00
DISPOSITIONS
Maturity 03/15/2024 91282CBR1 (250,000.00)UNITEDSTATES TREASURY 0.25
03/15/2024 100.000 0.25%250,000.00 0.00 250,000.00 0.00
Total Maturity (250,000.00)250,000.00 0.00 250,000.00 0.00
TOTALDISPOSITIONS (250,000.00)250,000.00 0.00 250,000.00 0.00
OTHER
TRANSACTIONS
Coupon 03/15/2024 91282CBR1 0.00 UNITEDSTATES TREASURY 0.25
03/15/2024 0.25%312.50 0.00 312.50 0.00
Total Coupon 0.00 312.50 0.00 312.50 0.00
TOTALOTHER
TRANSACTIONS 0.00 318.71 0.00 312.50 0.00
55
Important Disclosures
2024 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.
Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS 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.
Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does
not have any authority to withdraw or deposit funds from/to the custodian account.
As of March 31, 2024
56
Benchmark Disclosures
ICE BofA 1-3 Yr US Treasury Index
The ICE BofA 1-3 Year US Treasury Index tracks the performance of US dollar-denominated sovereign debt publicly issued by the US government in its domestic market. Qualifying securities must have at
least one year remaining term to final maturity and less than three years remaining term to final maturity, a fixed coupon schedule, and a minimum amount outstanding of $1 billion. Qualifying securities
must have at least 18 months to final maturity at the time of issuance.
ICE BofA 3-Month US Treasury Bill Index
The ICE BofA US 3-Month Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. At the end of the month that issue is sold and rolled into a
newly selected issue. The issue selected at each month-end rebalancing is the outstanding Treasury Bill that matures closest to, but not beyond, three months from the rebalancing date.
ICE BofA 1-3 Yr AAA-A US Corp & Govt Index
The ICE BofA 1-3 AAA-A Year US Corporate & Government Index tracks the performance of US dollar denominated investment grade debt publicly issued in the US domestic market, including US Treasury,
US agency, foreign government, supranational, and corporate securities. Qualifying securities must be rated AAA through A3 (based on an average of Moody’s, S&P and Fitch). In addition, 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 final maturity at point of issuance, a fixed coupon
schedule, and a minimum amount outstanding of $1 billion for US Treasuries and $250 million for all other securities.
As of March 31, 2024
57
Supplement to Quarterly Investment Report
Town Managed Cash Account
Average Average
Maturity Yield Cost
Town Funds 0 4.122%11,184,320
Trust Fund 0 4.122%1,811,773
.
Community Development Agency DS/Successor Agency 0 4.122%361,986
NERIAD 0 4.122%178,591
Total LAIF Funds Managed by the Town 13,536,670$
LAIF Funds Managed by the Town
(Local Agency Investment Fund)
February 2024
8.1