CONTRA COSTA COUNTY TREASURER S QUARTERLY INVESTMENT REPORT

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1 CONTRA COSTA COUNTY TREASURER S QUARTERLY INVESTMENT REPORT AS OF JUNE 30, 2012

2 TABLE OF CONTENTS Page I. Executive Summary 1 II. Contra Costa County Investment Pool Summary 2 III. Appendix A. Investment Portfolio Detail Managed by Treasurer s Office 1. Portfolio Summary 4 2. Portfolio Detail 6 3. Market Valuation Sources 20 B. Investment Portfolio Detail Managed by Outside Contracted Parties 1. State of California Local Agency Investment Fund a. Summary Asset Management Funds a. Wells Capital Management 22 b. BofA Global Capital Management 41 c. CalTrust East Bay Regional Communications System Authority (EBRCS) a. Summary Miscellaneous a. Statements 66

3 Page 1 EXECUTIVE SUMMARY The Treasurer's investment portfolio is in compliance with Government Code et. seq.. The Treasurer's investment portfolio is in compliance with the Treasurer's current investment policy. The Treasurer s investment portfolio has no securities lending, reverse repurchase agreements or derivatives. As of 6/30/12, the fair value of the Treasurer s investment portfolio was % of the cost. More than 83 percent of the portfolio or over $1.74 billion will mature in less than a year. Historical activities combined with future cash flow projections indicate that the County is able to meet its cash flow needs for the next six months. However, the State s deferral policies and budget deficit could have a significant impact on the County s cash flow during the next six months. Treasurer s Investment Portfolio Characteristics Par $2,088,184, Cost $2,094,911, Market Value $2,096,774, Weighted Yield to Maturity 0.57% Weighted Average Days to Maturity Weighted Duration 178 days 0.49 year

4 Page 2 CONTRA COSTA COUNTY INVESTMENT POOL As of June 30, 2012 PERCENT OF TYPE PAR VALUE COST FAIR VALUE TOTAL COST A. Investments Managed by Treasurer's Office 1. U.S. Treasuries (STRIPS, Bills, Notes) $27,767, $29,225, $29,117, % 2. U.S. Agencies Federal Agriculture Mortgage Corporation % Federal Home Loan Banks 72,170, ,026, ,411, % Federal National Mortgage Association 65,252, ,768, ,900, % Federal Farm Credit Banks 8,152, ,246, ,272, % Federal Home Loan Mortgage Corporation 100,703, ,092, ,590, % Municipal Bonds 4,595, ,169, ,168, % Subtotal 250,872, ,303, ,343, % 3. Money Market Instruments Bankers Acceptances % Repurchase Agreement 175,000, ,000, ,000, % Commercial Paper 549,673, ,609, ,146, % Negotiable Certificates of Deposit 427,145, ,152, ,362, % Medium Term Certificates of Deposit % Corporate Notes 101,515, ,278, ,683, % Money Market Accounts 565, , , % Time Deposit 3, , , % Subtotal 1,253,901, ,253,608, ,254,761, % TOTAL (Section A.) 1,532,540, ,538,137, ,540,221, % B. Investments Managed by Outside Contractors 1. Local Agency Investment Fund 327,097, ,097, ,097, % 2. Other a. EBRCS Bond 2,455, ,455, ,455, % b. Miscellaneous (BNY, Mechanics, CCFCU) 265, , , % c. Wells Capital Management 44,201, ,816, ,687, % d. BofA Global Capital Management 37,063, ,578, ,485, % e. CalTRUST (Short-Term Fund) 62,397, ,397, ,397, % Subtotal 146,382, ,512, ,291, % TOTAL (Section B.) 473,479, ,609, ,388, % C. Cash 82,164, ,164, ,164, % *GRAND TOTAL (FOR A, B, & C) $2,088,184, $2,094,911, $2,096,774, % * Does not include the Futuris Public Entity Trust of the Contra Costa Community College District Retirement Board of Authority

5 CONTRA COSTA COUNTY INVESTMENT POOL AT A GLANCE AS OF JUNE 30, 2012 Page 3 Money Market 59.84% PORTFOLIO BREAKDOWN BY INVESTMENT A % NR 13.29% PORTFOLIO CREDIT QUALITY AAA 0.73% AA % AA 19.07% U.S.Agencies- Federal, State and Local 12.19% Cash 3.92% U.S. Treasuries 1.40% Outside Contractors-LAIF 15.61% Outside Contractors-Other 7.04% A % AA A+ 1.34% 1.04% A A 0.03% 0.96% $2,000,000,000 $1,800,000,000 $1,600,000,000 $1,400,000,000 $1,200,000,000 $1,000,000,000 $800,000,000 $600,000,000 $400,000,000 $200,000,000 $0 MATURITY DISTRIBUTION 83.40% 7.54% 6.33% 2.45% 0.28% 1 yr & less 1 to 2 yrs 2 to 3 yrs 3 to 4 yrs 4+ yrs 0.70% 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% 0.00% YIELD TO MATURITY BY PORTFOLIO 0.642% 0.567% 0.440% 0.358% 0.356% 0.310% 0.250% Total Treasurer LAIF Wells BofA CalTRUST Cash Note: Total is 100% of the portfolio; Treasurer 73%; LAIF 16%; Wells Cap 2%; BofA 2%; CalTRUST 3% and Cash 4% 1.00% 0.90% 0.80% 0.70% 0.60% QUARTERLY WEIGHTED YIELD TO MATURITY Voluntary Participants 7.98% Community College Dist. 8.00% POOL BALANCE BY PARTICIPANTS County&Agencies 36.04% 0.50% 0.40% 0.30% 0.20% 0.10% 0.00% Sep 09 Dec 09 Mar 10 Jun 10 Sep 10 Dec 10 Mar 11 Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 YTM School Dist % NOTES TO INVESTMENT PORTFOLIO SUMMARY AND AT A GLANCE AS OF JUNE 30, All report information is unaudited but due diligence was utilized in its preparation. 2. There may be slight differences between the portfolio summary page and the attached exhibits and statements for investments managed by outside contractors or trustees. The variance is due to the timing difference in recording transactions associated with outside contracted parties during interim periods and later transmitted to the appropriate county agency and/or the Treasurer s Office. In general, the Treasurer s records reflect booked costs at the beginning of a period. 3. All securities and amounts included in the portfolio are denominated in United States Dollars. 4. The Contra Costa County investment portfolio maintains Standard & Poor's highest credit quality rating of AAAf and lowest volatility of S1+. The portfolio consists of a large portion of short-term investments with credit rating of A-1/P-1 or better. The majority of the long-term investments in the portfolio are rated AA or better. 5. In accordance with Contra Costa County's Investment Policy, the Treasurer's Office has constructed a portfolio that safeguard the principal, meet the liquidity and achieve a return. As a result, more than 83% of the portfolio will mature in less than a year with a weighted average maturity of 178 days.

6 SECTION III APPENDIX A. INVESTMENT PORTFOLIO DETAIL - MANAGED BY TREASURER S OFFICE

7 Page 4 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 1 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS SUBTOTAL (Inv Type) 12 TREASURY NOTES 1.89%(M) ,767, ,117, , , ,225, , SUBTOTAL (Inv Type) 18 FNMA FLTG RATE ACT/360.06%(M) , , , SUBTOTAL (Inv Type) 22 FEDERAL HOME LOAN BANKS 4.77%(M) ,170, ,411, , , ,026, , SUBTOTAL (Inv Type) 23 FNMA NOTES 4.10%(M) ,433, ,081, , , ,952, , SUBTOTAL (Inv Type) 27 FEDERAL FARM CREDIT BAN.54%(M) ,152, ,272, , , ,246, , SUBTOTAL (Inv Type) 28 FHLMC DISCOUNT NOTES.32%(M) ,869, ,862, , ,860, SUBTOTAL (Inv Type) 29 FHLMC NOTES 6.35%(M) ,834, ,727, , , ,232, , SUBTOTAL (Inv Type) 31 MUNICIPAL BONDS.34%(M) ,595, ,168, , ,169, SUBTOTAL (Inv Type) 41 FNMA DISCOUNT NOTES.19%(M) ,869, ,868, , ,864, SUBTOTAL (Inv Type) 61 REPURCHASE AGREEMENTS 11.36%(M) ,000, ,000, ,000, SUBTOTAL (Inv Type) 70 CP INTEREST BEARING 6.88%(M) ,975, ,931, , , ,952, , SUBTOTAL (Inv Type) 71 COMMERCIAL PAPER DISCOU 28.78%(M) ,698, ,215, , , ,656, , SUBTOTAL (Inv Type) 72 NEGOTIABLE CERT OF DEPO 27.75%(M) ,145, ,362, , , ,152, , SUBTOTAL (Inv Type) 73 CORP NOTE FLTG RT ACT-.75%(M) ,510, ,523, , , ,513, , SUBTOTAL (Inv Type) 75 CORPORATE NOTES 5.92%(M) ,005, ,159, , , ,764, ,185.14

8 Page 5 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 2 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS SUBTOTAL (Inv Type) 99 MONEY MARKET ACCOUNTS.04%(M) , , , SUBTOTAL (Inv Type) 1000 TD WITH CALC CODE OF.00%(M) , , , ======= =============== =============== =============== =============== GRAND TOTAL ,603, ,736, ,065, ======= =============== =============== =============== =============== * MARKET = BOOK LESS PURCHASE INTEREST NOTE: GRAND TOTAL EXCLUDES RETIREMENT INVESTMENTS

9 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 1 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# Page 6 INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS CCCCD GOV US TREASURY NOTES MR , , , , /02/10 02/28/ , SUNGARD CCCCD GOV US TREASURY NOTES MR , , , , /30/10 02/28/ , SUNGARD CCCCD GOV TREASURY NOTE NL , , , /14/10 06/30/ , SUNGARD CCCSIG GOV US TREAS PB ,025, ,027, , , /03/10 10/15/ ,025, SUNGARD CCCCD GOV US TREAS LK , , , , /07/11 08/31/ , SUNGARD CCCSIG GOV US TREASURY NOTES LC ,465, ,534, , /31/11 07/31/ ,551, SUNGARD -17, AUHSD GOVT TREASURY NOTE RL , , /03/12 10/15/ , SUNGARD AUHSD GOVT TREASURY NOTE NX ,295, ,295, , /03/12 09/30/ ,297, SUNGARD -1, AUHSD GOVT TREASURY NOTE PR ,400, ,403, , /03/12 01/31/ ,406, SUNGARD -3, AUHSD GOVT TREASURY NOTES NQ , , /03/12 07/31/ , SUNGARD AUHSD GOVT TREASURY NOTES PR , , /03/12 01/31/ , SUNGARD CCCSIG GOV TREASURY NOTE MH ,660, ,739, , /26/12 01/31/ ,751, SUNGARD -12, CCCSIG GOV US TREASURY NOTES MH ,455, ,572, , /27/12 01/31/ ,597, SUNGARD -25, CCCCD GOV US TREASURY NOTES MH ,720, ,802, , /27/12 01/31/ ,819, SUNGARD -17, CCCSIG GOV US TREASURY NOTES LS ,450, ,564, , /23/12 10/31/ ,577, SUNGARD -13, CCCCD GOV US TREASURY NOTES KZ , , /23/12 06/30/ , SUNGARD CCCCD GOV US TREASURY NOTES MR , , , /14/12 02/28/ , SUNGARD -1, CCCSIG GOV US TREASURY NOTES MR ,530, ,662, , /14/12 02/28/ ,666, SUNGARD -1, CCCCD GOV US TREASURY NOTES MR , , , /29/12 02/28/ , SUNGARD CCCSIG GOV US TREASURY NOTES DC , , , /24/12 11/15/ , SUNGARD -6, CCCSIG GOV US TREASURY NOTES DC ,995, ,268, , /22/12 11/15/ ,283, SUNGARD -12, CCCSIG GOV US TREASURY NOT MH ,255, ,458, , /29/12 01/31/ ,499, SUNGARD -1, CCCCD GOV US TREASURY NOTES MH , , , /29/12 01/31/ , SUNGARD SUBTOTAL (Inv Type) 12 TREASURY NOTES 1.89%(M) ,767, ,117, , , ,225, ,

10 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 2 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# Page 7 INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS AUHSD GOVT FNMA FLTG RATE 31398A3X , , /03/12 09/13/ , SUNGARD AUHSD GOVT FNMA FLTG RATE 31398A3X , , /03/12 09/13/ , SUNGARD SUBTOTAL (Inv Type) 18 FNMA FLTG RATE ACT/360.06%(M) , , , WT GOV FHLB NOTES 3133XML , , , , /22/07 10/10/ , SUNGARD RM GOV FHLB NOTES 3133XCTG ,895, ,937, , /20/08 09/14/ ,973, SUNGARD -35, RM GOV FHLB NOTES 3133XUCX ,500, ,502, , , /24/09 07/23/ ,496, SUNGARD RM GOV FHLB NOTES 3133XUUJ ,515, ,523, , , /11/09 09/26/ ,507, SUNGARD WT GOV FHLB NOTES 3133XUMR , , , , /28/09 09/12/ , SUNGARD RM GOV FHLB NOTES 3133XWX ,500, ,523, , , /12/10 03/08/ ,502, SUNGARD WT GOV FHLB NOTES 3133XWX , , , , /19/10 03/13/ , SUNGARD RM GOV FHLB NOTES 3133XWKV ,960, ,197, , , /12/10 03/14/ ,039, SUNGARD RM GOV FHLB NOTES 3133XYHD ,930, ,980, , , /11/10 06/14/ ,942, SUNGARD RM GOV FHLB NOTES 3133XWE ,900, ,018, , , /11/10 06/13/ ,957, SUNGARD RM GOV FHLB NOTE 3133XUE ,445, ,450, , /27/10 08/22/ ,497, SUNGARD -47, RM GOV FHLB NOTES W ,075, ,173, , , /10/10 12/12/ ,996, SUNGARD RM GOV FHLB NOTES 3133XVVH ,940, ,985, , /10/10 11/22/ ,993, SUNGARD -7, RM GOV FHLB NOTES 31339X2M ,870, ,933, , /22/10 06/14/ ,010, SUNGARD -77, RM GOV FHLB NOTES 3133XWE ,885, ,084, , , /21/10 06/13/ ,993, SUNGARD CCCSIG GOV FHLB TAP ISSUE 3133XSP ,820, ,893, , /29/11 12/13/ ,924, SUNGARD -31, RM GOV FHLB NOTES WG , , /13/11 10/05/ , SUNGARD CCCSIG GOV FHLB NOTES C ,365, ,366, , /15/11 11/27/ ,360, SUNGARD CCCSIG GOV FHLB NOTES C ,895, ,898, , , /30/11 11/27/ ,888, SUNGARD

11 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 3 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# Page 8 INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS AUHSD GOVT FHLB JR , , /03/12 05/28/ , SUNGARD CCCSIG GOV FHLB NOTES C ,400, ,401, /12/12 11/27/ ,401, SUNGARD CCCSIG GOV FHLB NOTES UF ,685, ,685, , /07/12 01/29/ ,687, SUNGARD -1, GOV FHLB NOTES DV ,000, ,996, , /09/12 05/09/ ,999, SUNGARD -2, RM GOV FHLB NOTES SZ ,895, ,992, , /11/12 06/10/ ,996, SUNGARD -3, RM GOV FHLB NOTES SZ ,840, ,986, , /20/12 06/10/ ,994, SUNGARD -6, SUBTOTAL (Inv Type) 22 FEDERAL HOME LOAN BANKS 4.77%(M) ,170, ,411, , , ,026, , WT GOV FNMA NOTES 31359MQV , , , /02/08 02/21/ , SUNGARD -4, WT GOV FNMA NOTES 31359MSL , , , , /14/08 07/17/ , SUNGARD CCCCD GOV FNMA NOTES 31398AU , , , , /07/10 07/28/ , SUNGARD RM GOV FNMA NOTES 31398AX ,479, ,505, , , /10/10 08/20/ ,498, SUNGARD RM GOV FNMA NOTES 3135G0AK ,895, ,900, , , /07/11 02/26/ ,888, SUNGARD RM GOV FNMA NOTES 31359MA ,406, ,952, , /16/11 04/15/ ,980, SUNGARD -27, CCCCD GOV FNMA NOTES 31398A5W , , /29/11 12/18/ , SUNGARD CCCSIG GOV FNMA NOTES 31398A5W ,130, ,143, , /29/11 12/18/ ,129, SUNGARD CCCSIG GOV FNMA NOTES 31398A5W , , , /03/11 12/18/ , SUNGARD CCCCD GOV FNMA NOTES 31398A5W , , /03/11 12/18/ , SUNGARD CCCCD GOV FNMA NOTES 31359MA , , , /29/11 04/15/ , SUNGARD -9, RM GOV FNMA NOTES 3136FPBB , , , /09/11 08/25/ , SUNGARD -2, RM GOV FNMA NOTES 3136FPBB ,692, ,829, , /09/11 08/25/ ,838, SUNGARD -8, CCCCD GOV FNMA NOTES 31398A4M , , , , /27/11 10/26/ , SUNGARD RM GOV FNMA NOTES 31398A3T ,605, ,766, , , /13/11 09/21/ ,724, SUNGARD

12 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 4 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# Page 9 INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS WT GOV FNMA NOTES 3135G0CM , , , /09/11 09/28/ , SUNGARD CCCSIG GOV FNMA NOTES 31398AXJ ,480, ,578, , /23/11 05/15/ ,590, SUNGARD -12, RM GOV FNMA NOTES 31398A4M ,000, ,215, , , /09/11 10/26/ ,167, SUNGARD GOV FNMA NOTES 3135G0GP ,000, ,012, , , /19/11 12/19/ ,000, SUNGARD AUHSD GOVT FNMA 3135G0AP , , /03/12 02/27/ , SUNGARD AUHSD GOVT FNMA 31398A2S , , /03/12 09/23/ , SUNGARD AUHSD GOVT FNMA 3135G0DE , , /03/12 09/19/ , SUNGARD AUHSD GOVT FNMA 31359MRG , , , /03/12 03/15/ , SUNGARD -1, RM GOV FNMA NOTES 3135G0AL ,035, ,258, , , /23/12 03/15/ ,239, SUNGARD CCCSIG GOV FNMA BENCHMARK NOTES 3135G0KM ,770, ,768, , /19/12 05/27/ ,764, SUNGARD CCCCD GOV FNMA BENCHMARK NOTES 3135G0KM , , , /19/12 05/27/ , SUNGARD GOV FNMA CALLABLE NOTES 3135G0KH ,000, ,000, , /30/12 04/30/ ,000, SUNGARD CCCSIG GOV FNMA NOTES 3135G0DW ,690, ,701, , , /29/12 10/30/ ,700, SUNGARD CCCCD GOV FNMA NOTES 3135G0DW ,315, ,320, , , /29/12 10/30/ ,320, SUNGARD CCCCD GOV FNMA NOTES 3135G0ES , , /07/12 11/15/ , SUNGARD SUBTOTAL (Inv Type) 23 FNMA NOTES 4.10%(M) ,433, ,081, , , ,952, , WT GOV FFCB NOTES 31331TWZ , , , /15/09 03/12/ , SUNGARD -2, RM GOV FFCB NOTES 3133EAJU ,040, ,095, , , /13/12 03/28/ ,079, SUNGARD RM GOV FFCB NOTES 3133EAJU ,957, ,011, , , /20/12 03/28/ ,999, SUNGARD SUBTOTAL (Inv Type) 27 FEDERAL FARM CREDIT BAN.54%(M) ,152, ,272, , , ,246, , RM GOV FHLMC DISC NOTES BW , , /16/12 02/14/ , SUNGARD

13 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 5 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# Page 10 INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS RM GOV FHLMC DISC NOTE DU ,995, ,992, /19/12 04/01/ ,991, SUNGARD PW GOV FHLMC DISC NOTE FA ,627, ,624, /02/12 05/01/ ,624, SUNGARD RM GOV FHLMC DISC FA , , /17/12 05/01/ , SUNGARD SUBTOTAL (Inv Type) 28 FHLMC DISCOUNT NOTES.32%(M) ,869, ,862, , ,860, RM GOV FHLMC NOTES 3137EACJ ,998, ,040, , , /20/10 04/15/ ,991, SUNGARD RM GOV FHLMC NOTES 3134A4UU ,765, ,929, , /28/10 07/15/ ,996, SUNGARD -66, RM GOV FHLMC NOTES 3134A4UU ,418, ,830, , /02/10 07/15/ ,034, SUNGARD -203, RM GOV FHLMC NOTES 3137EACD ,340, ,462, , /10/10 07/28/ ,487, SUNGARD -24, WT GOV FHLMC NOTES 3137EACM , , , /14/10 09/10/ , SUNGARD CCCCD GOV FHLMC NOTE 3137EACM , , , , /07/10 09/10/ , SUNGARD RM GOV FHLMC NOTES 3134G1P ,494, ,502, , /04/11 12/28/ ,498, SUNGARD CCCCD GOV FHLMC NOTES 3137EACD ,150, ,210, , , /04/11 07/28/ ,208, SUNGARD RM GOV FHLMC NOTE 3137EACR ,915, ,981, , , /07/11 02/25/ ,900, SUNGARD GOV FHLMC CALLABLE NO 3134G1C ,000, ,084, , , /14/11 12/23/ ,860, SUNGARD RM GOV FHLMC NOTES 3137EACH ,800, ,157, , , /18/11 02/09/ ,992, SUNGARD WT GOV FHLMC NOTES 3134A4ZT , , , , /25/11 01/19/ , SUNGARD RM GOV FHLMC NOTES 3137EACH ,006, ,314, , , /11/11 02/09/ ,200, SUNGARD MDUSD GOV FHLMC NOTES 3128X23A , , /21/11 04/02/ , SUNGARD -1, PW GOV FHLMC NOTES 3134G2CL ,610, ,638, , , /13/11 04/29/ ,623, SUNGARD CCCSIG GOV FHLMC 3137EACV , , , , /05/11 08/27/ , SUNGARD CCCSIG GOV FHLMC 3134G2WG ,000, ,028, , , /31/11 09/22/ ,020, SUNGARD CCCCD GOV FHLMC 3137EACV , , , , /15/11 08/27/ , SUNGARD

14 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 6 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# Page 11 INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS CCCSIG GOV FHLMC G 3134G2WG ,010, ,017, , , /30/11 09/22/ ,011, SUNGARD CCCCD GOV FHLMC NOTES 3137EACU , , , /14/11 07/30/ , SUNGARD GOV FHLMC STRUCTURED NOT 3134G3ES ,000, ,009, , , /19/11 12/19/ ,000, SUNGARD CCCCD GOV FHLMC NOTES 3134G3BF , , /21/11 12/23/ , SUNGARD CCCSIG GOV FHLMC NOTES 3134G3BF ,935, ,949, , /21/11 12/23/ ,946, SUNGARD GOV FHLMC CALLABLE NOTES 3134G3EN ,000, ,046, , /30/11 06/30/ ,000, SUNGARD AUHSD GOVT FHLMC NOTES 3134G2WG , , , , /03/12 09/22/ , SUNGARD AUHSD GOVT FHLMC NOTES 3134G2YJ , , , /03/12 09/19/ , SUNGARD AUHSD GOVT FHLMC NOTE 3137EACL ,570, ,581, , /03/12 10/28/ ,581, SUNGARD AUHSD GOVT FHLMC NOTES 3137EACZ ,010, ,010, , /03/12 11/27/ ,007, SUNGARD AUHSD GOVT FHLMC 3134G2YJ , , /03/12 09/19/ , SUNGARD AUHSD GOVT FHLMC NOTES 3137EACS , , /03/12 03/28/ , SUNGARD RM GOV FHLMC NOTES 3137EADA ,473, ,489, , /18/12 12/29/ ,486, SUNGARD GOV FHLMC CALLABLE NOTE 3134G3EU ,000, ,006, , /27/11 12/27/ ,000, SUNGARD WT GOV FHLMC NOT 3137EADC , , , /12/12 03/08/ , SUNGARD CCCSIG GOV FHLMC 3137EACZ ,505, ,506, /07/12 11/27/ ,507, SUNGARD SUBTOTAL (Inv Type) 29 FHLMC NOTES 6.35%(M) ,834, ,727, , , ,232, , CCCSIG MUNI SAN FRANCIS PU , ,329.10* 1, /30/11 06/15/ , BOOK CCCCD MUNI SAN FRANCISCO CA PV , ,084.00* /30/11 06/15/ , BOOK AUHSD MUNI COMPTON CA CNTY REDE FD , ,453.00* /03/12 08/01/ , BOOK AUHSD MUNI CHICAGO PREREF CALL JB , ,776.30* 4, /03/12 01/01/ , BOOK * MARKET = BOOK LESS PURCHASE INTEREST

15 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 7 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# Page 12 INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS AUHSD MUNI CHICAGO UNREF CALL JC , ,514.60* 9, /03/12 01/01/ , BOOK AUHSD MUNI WASHINGTON ST SER D 93974B3K , ,724.00* 15, /03/12 01/01/ , BOOK AUHSD MUNI FORT WORTH TX GEN F , ,270.00* 6, /03/12 03/01/ , BOOK AUHSD MUNI MECKLNBRG COUNTY CAL NF , ,881.50* 7, /03/12 03/01/ , BOOK AUHSD MUNI SOUTH BEND IN CMNTY NW , ,180.15* 11, /03/12 01/15/ , BOOK AUHSD MUNI PENNSYLVANIA ST FIRS 70914PHZ , ,846.75* 7, /03/12 03/15/ , BOOK AUHSD MUNI WICOMICO CNTY MD R , ,794.50* 1, /03/12 12/01/ , BOOK SUBTOTAL (Inv Type) 31 MUNICIPAL BONDS.34%(M) ,595, ,168, , ,169, CDD GOV FNMA DISC E ,245, ,245, , /14/11 09/07/ ,240, SUNGARD RM FNMA DISC NOTE T , , /28/11 12/14/ , SUNGARD CLT GOV FNMA DISC NOTE H , , /15/12 10/01/ , SUNGARD SUBTOTAL (Inv Type) 41 FNMA DISCOUNT NOTES.19%(M) ,869, ,868, , ,864, REPO BANK OF AMERICA ,000, ,000,000.00* /29/12 07/02/ ,000, BOOK SUBTOTAL (Inv Type) 61 REPURCHASE AGREEMENTS 11.36%(M) ,000, ,000, ,000, CP TOYOTA MOTOR CREDIT CORP 89236BMG ,000, ,995, , /06/12 07/25/ ,000, SUNGARD -4, CP TOYOTA MOTOR CREDIT CORP 89236BMH ,000, ,983, , /06/12 09/10/ ,000, SUNGARD -16, CP TOYOTA MOTOR CREDIT CORP 89236BMM ,000, ,980, , /11/12 09/25/ ,000, SUNGARD -19, PW CP BNP PARIBAS FIN 0556N0GG ,775, ,774, , , /15/12 07/16/ ,770, SUNGARD * MARKET = BOOK LESS PURCHASE INTEREST

16 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 8 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# Page 13 INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS PW CP BNP PARIBAS FIN 0556N0GG ,500, ,499, /15/12 07/16/ ,498, SUNGARD PW CP BNP PARIBAS FIN 0556N0GG ,000, , /15/12 07/16/ , SUNGARD PW CP BNP PARIBAS FIN 0556N0GG ,000, ,999, , , /15/12 07/16/ ,994, SUNGARD PW CP BNP PARIBAS FIN 0556N0GG ,850, ,849, , , /15/12 07/16/ ,847, SUNGARD PW CP BNP PARIBAS FIN 0556N0GG ,350, ,349, /15/12 07/16/ ,349, SUNGARD PW CP BNP PARIBAS FIN 0556N0GG ,025, ,024, /15/12 07/16/ ,024, SUNGARD PW CP BNP PARIBAS FIN 0556N0GG , , /15/12 07/16/ , SUNGARD PW CP BNP PARIBAS FIN 0556N0GG , , /15/12 07/16/ , SUNGARD PW CP BNP PARIBAS FIN 0556N0GG ,675, ,674, , , /15/12 07/16/ ,672, SUNGARD PW CP BNP PARIBAS FIN 0556N0GG , , /15/12 07/16/ , SUNGARD PW CP BNP PARIBAS FIN 0556N0GG , , /15/12 07/16/ , SUNGARD PW CP BNP PARIBAS FIN 0556N0GG , , /15/12 07/16/ , SUNGARD PW CP BNP PARIBAS FIN 0556N0GG , , /15/12 07/16/ , SUNGARD PW CP BNP PARIBAS FIN 0556N0GG , , /15/12 07/16/ , SUNGARD PW CP BNP PARIBAS FIN 0556N0GG , , /15/12 07/16/ , SUNGARD PW CP BNP PARIBAS FIN 0556N0GG , , /15/12 07/16/ , SUNGARD SUBTOTAL (Inv Type) 70 CP INTEREST BEARING 6.88%(M) ,975, ,931, , , ,952, , CP BNP PARIBAS 0556N0GA ,000, ,998, , , /07/12 07/10/ ,938, SUNGARD CP UNION BANK OF CALIF 90526MGB ,000, ,998, , /09/12 07/11/ ,972, SUNGARD CP BNP PARIBAS 0556N0GR ,000, ,996, , , /09/12 07/25/ ,945, SUNGARD CCCSD CP UBS FINANCE DELAWARE 90262CJM ,516, ,512, , , /21/12 09/21/ ,499, SUNGARD CP UBS FINANCE DELAWARE LLC 90262CGT ,000, ,995, , , /22/12 07/27/ ,955, SUNGARD

17 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 9 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# Page 14 INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS CP ABBEY NATIONAL N AMERICA 0027A0GR ,000, ,995, , , /27/12 07/25/ ,943, SUNGARD CP UBS FINANCE DELAWARE 90262CJT ,000, ,975, , , /16/12 09/27/ ,913, SUNGARD CP BNP PARIBAS 0556N0GW ,000, ,993, , , /17/12 07/30/ ,952, SUNGARD CCCSD CP RABOBANK USA FIN CORP 74977KKH ,000, ,995, , /18/12 10/17/ ,992, SUNGARD CP RABOBANK USA FIN CORP 74977KKR ,000, ,962, , , /18/12 10/25/ ,934, SUNGARD CP UNION BANK OF CALIFORNIA 90526MKB ,000, ,973, , /17/12 10/11/ ,954, SUNGARD CP TOYOTA MOTOR CREDIT CORP 89233GKA ,000, ,967, , /20/12 10/10/ ,965, SUNGARD -11, CP ABBEY NAT NA LLC 0027A0KW ,000, ,942, , , /23/12 10/30/ ,859, SUNGARD CP NORDEA NORTH AMERICA INC 6555P0L ,000, ,948, , /25/12 11/09/ ,957, SUNGARD -23, CP GE CAPITAL CORP 36959HKW ,000, ,942, , /26/12 10/30/ ,950, SUNGARD -25, CP BNP PARIBAS FINANCE INC 0556N0LD ,000, ,957, , , /04/12 11/13/ ,900, SUNGARD CP UNION BANK OF CALIFORNIA 90526MLM ,000, ,954, , /30/12 11/21/ ,956, SUNGARD -9, HR CP ABBEY NATL N AMERICA 0027A0GX ,090, ,089, , /01/12 07/31/ ,087, SUNGARD HR CP ABBEY NATL N AMERICA 0027A0GX ,844, ,843, , /01/12 07/31/ ,841, SUNGARD HR CP ABBEY NATL N AMERICA 0027A0GX ,878, ,877, , /01/12 07/31/ ,875, SUNGARD CP ABBEY NATL N AMERICA 0027A0GX ,188, ,185, , , /01/12 07/31/ ,179, SUNGARD PW CP UBS FINANCE DELAWARE 90262CHW ,515, ,506, , , /01/12 08/30/ ,499, SUNGARD PW CP UBS FINANCE DELAWARE 90262CHW ,504, ,501, , /01/12 08/30/ ,499, SUNGARD PW CP UBS FINANCE DELAWARE 90262CHW , , /01/12 08/30/ , SUNGARD PW CP UBS FINANCE DELAWARE 90262CHW , , /01/12 08/30/ , SUNGARD PW CP UBS FINANCE DELAWARE 90262CHW ,501, ,500, /01/12 08/30/ ,499, SUNGARD PW CP UNION BANK OF CALIFORNIA 90526MJA ,000, ,998, /08/12 09/10/ ,998, SUNGARD PW CP UBS FINANCE 90262CHD , , /11/12 08/13/ , SUNGARD RM CP BNP PARIBAS 0556N0Q ,005, , , /13/12 03/08/ , SUNGARD

18 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 10 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# Page 15 INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS CP UBS FINANCE DE 90262CMQ ,000, ,944, , , /26/12 12/24/ ,933, SUNGARD SUBTOTAL (Inv Type) 71 COMMERCIAL PAPER DISCOU 28.78%(M) ,698, ,215, , , ,656, , RM YCD BNP PARIBAS 05572NGE ,020, ,020, , /09/12 07/09/ ,020, SUNGARD PW YCD UBS AG STAMFORD 90267REQ ,000, ,000, , /02/12 07/03/ ,000, SUNGARD PW YCD UBS AG STAMFORD 90267REQ ,100, ,100, , /02/12 07/03/ ,100, SUNGARD PW YCD UBS AG STAMFORD 90267REQ ,900, ,900, , /02/12 07/03/ ,900, SUNGARD PW YCD UBS AG STAMFORD 90267REQ ,000, ,000, , /02/12 07/03/ ,000, SUNGARD PW YCD UBS AG STAMFORD 90267REQ ,900, ,900, , /02/12 07/03/ ,900, SUNGARD PW YCD UBS AG STAMFORD 90267REQ ,100, ,100, , /02/12 07/03/ ,100, SUNGARD PW YCD UBS AG STAMFORD 90267REQ ,000, ,000, , /02/12 07/03/ ,000, SUNGARD PW YCD UBS AG STAMFORD 90267REQ , , , /02/12 07/03/ , SUNGARD PW YCD UBS AG STAMFORD 90267REQ ,000, ,000, , /02/12 07/03/ ,000, SUNGARD PW YCD UBS AG STAMFORD 90267REQ ,800, ,800, , /02/12 07/03/ ,800, SUNGARD PW YCD UBS AG STAMFORD 90267REQ ,400, ,400, , /02/12 07/03/ ,400, SUNGARD PW YCD BNP PARIBAS 05572NGN ,000, ,012, , , /03/12 11/14/ ,000, SUNGARD PW YCD BNP PARIBAS 05572NGN ,000, ,003, , , /03/12 11/14/ ,000, SUNGARD PW YCD BNP PARIBAS 05572NGN ,000, ,006, , , /03/12 11/14/ ,000, SUNGARD CCCSIG YCD ROYAL BANK OF CANADA 78009NDY ,500, ,497, , /10/12 02/08/ ,500, SUNGARD -2, CCCSIG YCD BANK OF NOVA SCOTIA 06417EYU ,450, ,450,000.00* 3, /10/12 02/10/ ,450, BOOK PW YCD BNP PARIBAS 05572NGV , , , , /14/12 02/14/ , SUNGARD YCD BNP PARIBAS 05572NGV , , , , /14/12 02/14/ , SUNGARD * MARKET = BOOK LESS PURCHASE INTEREST

19 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 11 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# Page 16 INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS CCCFPD YCD RABOBANK NEDERLAND N 74977MM ,000, ,000, , /16/12 07/10/ ,002, SUNGARD CCCSIG YCD WESTPAC BNKNG FLTR 96121TLT ,250, ,250,000.00* 4, /16/12 02/14/ ,250, BOOK CCCSD YCD RABO BANK 74977MN ,000, ,001, , /05/12 08/01/ ,001, SUNGARD YCD RABOBANK NEDERLAND NY 74977MQ ,000, ,006, , , /13/12 07/27/ ,001, SUNGARD YCD BNP PARIBAS 05572NHH ,000, ,019, , , /20/12 08/10/ ,000, SUNGARD YCD UBS AG STAMFORD CT 90267RFU ,000, ,006, , , /22/12 07/27/ ,000, SUNGARD YCD BNP PARIBAS SF BRANCH 05572NHL ,000, ,012, , , /28/12 07/27/ ,000, SUNGARD NCD UNION BANK OF CALIFORNIA 90527MF ,000, ,006, , , /29/12 08/13/ ,000, SUNGARD YCD RABOBANK NEDERLAND NY 74977MT ,000, ,010, , , /30/12 08/24/ ,001, SUNGARD YCD UBS AG STAMFORD CT 90267RGP ,000, ,023, , , /10/12 09/11/ ,000, SUNGARD YCD SVENSKA HANDELSBANKEN NY 86959B6C ,000, ,000, , /10/12 07/10/ ,000, SUNGARD PW YCD RABOBANK NEDERLAND NV NY 74977MU ,200, ,200, , /11/12 10/10/ ,200, SUNGARD YCD RABOBANK NEDERLAND NV NY 74977MU , , /11/12 10/10/ , SUNGARD YCD RABOBANK NEDERLAND NV NY 74977MU ,000, ,010, , , /12/12 08/29/ ,000, SUNGARD PW NCD UNION BANK OF CALIFORNIA 90527MQ , , /04/12 08/03/ , SUNGARD PW NCD UNION BANK OF CALIFORNIA 90527MQ ,000, ,000, , /04/12 08/03/ ,000, SUNGARD PW NCD UNION BANK OF CALIFORNIA 90527MQ ,850, ,850, /04/12 08/03/ ,850, SUNGARD PW NCD UNION BANK OF CALIFORNIA 90527MQ , , /04/12 08/03/ , SUNGARD PW NCD UNION BANK OF CALIFORNIA 90527MQ ,350, ,350, /04/12 08/03/ ,350, SUNGARD PW NCD UNION BANK OF CALIFORNIA 90527MQ ,025, ,025, /04/12 08/03/ ,025, SUNGARD PW NCD UNION BANK OF CALIFORNIA 90527MQ , , /04/12 08/03/ , SUNGARD PW NCD UNION BANK OF CALIFORNIA 90527MQ ,675, ,675, /04/12 08/03/ ,675, SUNGARD PW NCD UNION BANK OF CALIFORNIA 90527MQ , , /04/12 08/03/ , SUNGARD * MARKET = BOOK LESS PURCHASE INTEREST

20 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 12 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# Page 17 INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS PW NCD UNION BANK OF CALIFORNIA 90527MQ , , /04/12 08/03/ , SUNGARD CCCSD YCD UBS FINANCE 90267RJB ,000, ,006, , /18/12 12/17/ ,000, SUNGARD CCCSIG YCD NATL AUSTRALIA BK-NY 63253TPX ,250, ,246, /19/12 06/19/ ,250, SUNGARD -3, YCD BNP PARIBAS 05572NJM ,000, ,001, , , /21/12 07/23/ ,000, SUNGARD NCD UNION BANK OF CALIFORNIA 90527MS ,000, ,000, , /22/12 08/01/ ,000, SUNGARD YCD BNP PARIBAS 05572NJN ,000, ,085, , , /26/12 12/27/ ,000, SUNGARD YCD NORDEA BK FINLAND NY 65557V7M ,000, ,999, , /27/12 12/10/ ,000, SUNGARD SUBTOTAL (Inv Type) 72 NEGOTIABLE CERT OF DEPO 27.75%(M) ,145, ,362, , , ,152, , CCCCD CORP WACHOVIA CORP FLTG 92976WBK , , , , /25/11 05/01/ , SUNGARD CORP GE CAPITAL CORP FLTG RATE 36962G4U ,000, ,993, , /06/10 02/06/ ,000, SUNGARD -6, CCCSIG CORP BERKSHIRE HATHAWAY BA ,200, ,215, , , /15/11 08/15/ ,200, SUNGARD SUBTOTAL (Inv Type) 73 CORP NOTE FLTG RT ACT-.75%(M) ,510, ,523, , , ,513, , CCCCD CORP US BANCORP 91159HGX , , , , /27/10 07/27/ , SUNGARD CCCCD CORP CREDIT SUISSE 22541LAH , , , /24/10 08/15/ , SUNGARD -35, CCCCD CORP GENERAL E 36962G4T , , , , /09/10 11/09/ , SUNGARD CCCCD CORP PROCTOR & GAM DS , , , /18/10 11/15/ , SUNGARD CORP BERKSHIRE HATHAWAY CALL BR ,000, ,143, , , /11/11 01/10/ ,999, SUNGARD CCCSIG CORP BERKSHIRE BR ,300, ,318, , , /11/11 01/10/ ,296, SUNGARD CORP MICROSOFT CORPORATION AF ,000, ,065, , , /14/11 09/27/ ,971, SUNGARD CORP GE CAPITAL CO 36962G4Q ,000, ,104, , , /09/11 09/16/ ,018, SUNGARD CCCCD CORP ABBOTT CA AX , , , /17/11 05/27/ , SUNGARD

21 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 13 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# Page 18 INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS CORP IBM CORPORATION GW ,000, ,106, , , /20/11 05/12/ ,018, SUNGARD CCCSIG CORP NOTES PROCTOR & GAM DU , , , , /15/11 08/15/ , SUNGARD CCCCD CORP WAL-MART DC , , , , /18/11 04/15/ , SUNGARD CCCCD CORP JOHNSON & AY , , , /20/11 05/15/ , SUNGARD CCCSIG CORP IBM GLOBAL GW ,000, ,031, , , /12/11 05/12/ ,997, SUNGARD CCCCD CORP IBM CORP GLO GW , , , /12/11 05/12/ , SUNGARD CORP BANK OF NEW YORK 06406HBZ , , , /23/11 11/24/ , SUNGARD CORP JP MORGAN CHASE AND CO 46625HHB ,000, ,309, , /13/11 05/01/ ,475, SUNGARD -165, AUHSD CORP CATERPILL 14912L4Q , , /03/12 12/20/ , SUNGARD AUHSD CORP GECC 36962G4Q , , , /03/12 09/16/ , SUNGARD AUHSD CORP JP MORGAN 46623EJE , , , , /03/12 01/24/ , SUNGARD AUHSD CORP JOHNSON & JOHNSON AX , , /03/12 05/15/ , SUNGARD CCCSIG CORP GECC 36962G5M ,370, ,393, , , /09/12 01/09/ ,368, SUNGARD CCCCD CORP JP MORGAN 46625HHN , , /09/12 06/01/ , SUNGARD CCCCD CORP JP MORGAN 46623EJE , , , , /11/12 01/24/ , SUNGARD CORP TOYOTA MOTOR CREDIT CORP 89233P5Z ,000, ,012, , /15/12 02/17/ ,057, SUNGARD -37, CORP WALMART STORES INC CX ,000, ,113, , , /23/12 10/25/ ,099, SUNGARD CORP ROYAL BANK OF 78008T2C ,000, ,023, , , /26/12 03/13/ ,000, SUNGARD CCCSIG CORP GECC GLOBAL NOTES 36962G5M ,650, ,677, , , /08/12 01/09/ ,685, SUNGARD CCCCD CORP WALT DISNEY CO 25468PCS , , /14/12 02/15/ , SUNGARD CCCCD CORP WALT DISNEY CO 25468PCS , , , /14/12 02/15/ , SUNGARD CCCCD CORP 3M COMPANY GLO 88579YAE , , /29/12 06/26/ , SUNGARD SUBTOTAL (Inv Type) 75 CORPORATE NOTES 5.92%(M) ,005, ,159, , , ,764, ,

22 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 14 (RPTMKT) RUN: 07/10/12 08:22:56 INVESTMENTS OUTSTANDING AS OF 06/30/12 MAJOR SORT KEY IS ICC# Page 19 INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS AUHSD MM DREYFUS TAX EXEMPT 26202K , ,226.12* /03/12 07/01/ , BOOK AUHSD MM DREYFUS TAX EXEMPT 26202K , ,092.20* /25/12 07/01/ , BOOK SUBTOTAL (Inv Type) 99 MONEY MARKET ACCOUNTS.04%(M) , , , CD CCCCD BERTA KAMM WESTAMERICA , ,200.00* /24/11 05/24/ , BOOK SUBTOTAL (Inv Type) 1000 TD WITH CALC CODE OF.00%(M) , , , ======= =============== =============== =============== =============== GRAND TOTAL ,603, ,736, ,065, ======= =============== =============== =============== =============== * MARKET = BOOK LESS PURCHASE INTEREST NOTE: GRAND TOTAL EXCLUDES RETIREMENT INVESTMENTS

23 Page 20

24 SECTION III APPENDIX B. INVESTMENT PORTFOLIO DETAIL MANAGED BY OUTSIDE CONTRACTED PARTIES B.1. STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND (LAIF)

25 Page 21 CONTRA COSTA COUNTY AS OF JUNE 30, 2012 CALIFORNIA STATE LOCAL STATE CONTROLLER ACCOUNT ESTIMATED AGENCY INVESTMENT ACCOUNTS ACCOUNT NUMBER BALANCE FAIR VALUE ACALANES UNION HIGH SCHOOL ,372, ,414, ANTIOCH UNIFIED SCHOOL DISTRICT ,387, ,407, BRENTWOOD UNION SCHOOL DISTRICT ,317, ,323, BYRON UNION SCHOOL DISTRICT , , CANYON ELEMENTARY SCHOOL DISTRICT , , CENTRAL CONTRA COSTA SANITARY DISTRICT ,000, ,050, CONTRA COSTA COMMUNITY COLLEGE , , CONTRA COSTA COMMUNITY COLLEGE (AB3107) ,739, ,767, CONTRA COSTA COUNTY ,000, ,060, CONTRA COSTA COUNTY OFFICE OF EDUCATION ,269, ,270, CONTRA COSTA COUNTY SCHOOL INSURANCE GROUP ,209, ,212, CROCKETT COMMUNITY SERVICES DISTRICT ,902, ,904, DELTA DIABLO SANITATION DISTRICT , , EAST CONTRA COSTA REG FEE & FINANCING AUTH ,000, ,001, JOHN SWETT UNIFIED SCHOOL DISTRICT ,073, ,094, KENSINGTON FIRE PROTECTION DISTRICT ,153, ,157, KENSINGTON POLICE PROTECTION & COMMUNITY ,664, ,666, SERVICES DISTRICT KNIGHTSEN SCHOOL DISTRICT LAFAYETTE SCHOOL DISTRICT ,092, ,100, MARTINEZ UNIFIED SCHOOL DISTRICT ,252, ,260, MORAGA ORINDA FIRE DISTRICT ,733, ,737, MT DIABLO UNIFIED SCHOOL DISTRICT ,495, ,512, MT VIEW SANITARY DISTRICT ,192, ,202, OAKLEY UNION SCHOOL DISTRICT , , ORINDA UNION SCHOOL DISTRICT ,347, ,350, PITTSBURG UNIFIED SCHOOL DISTRICT ,408, ,410, RECLAMATION DISTRICT ,304, ,309, REDEVELOPMENT AGENCY , , RODEO -HERCULES FIRE PROTECTION DISTRICT , , SAN RAMON VALLEY UNIFIED SCHOOL DISTRICT , , WALNUT CREEK SCHOOL DISTRICT ,641, ,643, WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT ,749, ,763, WEST CONTRA COSTA UNIFIED SD 2005 SERIES C ,248, ,298, WEST CONTRA COSTA UNIFIED SD 2005 SERIES C ,151, ,165, WEST CONTRA COSTA UNIFIED SD 2005 SERIES D ,105, ,121, TOTAL 327,097, ,496,393.69

26 SECTION III APPENDIX B. INVESTMENT PORTFOLIO DETAIL MANAGED BY OUTSIDE CONTRACTED PARTIES B.2. ASSET MANAGEMENT FUNDS a. WELLS CAPITAL MANAGEMENT b. BofA GLOBAL CAPITAL MANAGEMENT c. CalTRUST

27 Page 22 WC-Contra Costa County Begin Date 4/1/2012 End Date 6/30/2012 The information contained in this report represents estimated trade date investment calculations provided via Clearwater Analytics for Wells Capital Management clients. Certain calculations may not be available for all time periods. Please refer to your custody statement for official portfolio holdings and transactions. Note that certain accounting methods may cause differences between this investment report and your custody statement.

28 Table of Contents 4/1/2012-6/30/2012 Dated: 7/2/2012 Page 23 WC-Contra Costa County Risk Summary1 Perf Summary TotIdxExc GrossOfFees4 Perf Summary TotIdxExc NetOfFees5 Financials6 Income Detail7 Balance Sheet Classification9 Trading Activity11 Transaction Detail13 MMF Transaction Detail16

29 Risk Summary (WC-Contra Costa County) 6/30/2012 Dated: 7/2/2012 Page 24 Summary Cash 2,060, Fixed Income 42,627, Duration Convexity --- Weighted Avg Life Weighted Avg Maturity Weighted Avg Eff Maturity Yield 0.356% Purchase Yield 0.411% Security Type Agency (56.9%) Corporate (27.6%) Asset Backed (4.8%) MM Fund (4.6%) US Gov (4.5%) Muni (1.7%) Currency (0%) MMF Asset Allocation FRNS (30%) 1st Tier CP (e... (19%) ABCP (18%) Foreign Bank (13%) Repo (13%) Other (7%) Avg Credit Rating AA/Aa2/AA Issuer Concentration Federal Home Loan Banks Office of % Federal Home Loan Mortgage Corpor % Federal National Mortgage Associa % MMF - WFA HERITAGE MONEY MARK-I 4.6% Government of the United States 4.5% Country Currency Federal Farm Credit Banks Consoli % CME Group Inc. 1.8% U.S. Bancorp 1.8% Other 30.4% United States (100%) US Dollar (100%) 1

30 Risk Summary (WC-Contra Costa County) 6/30/2012 Dated: 7/2/2012 Page 25 Market Sectors Time to Maturity (Years) Duration Cash (4.6%) Government (4.5%) Agency (56.9%) Municipal (1.7%) Financial (17.6%) Industrial (10%) ABS (4.8%) Percent Effective Maturity Final Maturity Percent Credit Ratings Credit Duration Industry Sectors Percent A A A A a A AAA AA A BBB BB B CCC CC C Sovereign (61.4%) Diversified Fin... (9.5%) Banks (6.4%) Cash (4.6%) Credit Card ABS (4.3%) Insurance (1.7%) Beverages (1.7%) Computers (1.7%) Semiconductors (1.7%) Other (7%) 2

31 Risk Summary (WC-Contra Costa County) 6/30/2012 Dated: 7/2/2012 Page 26 Industry Subsectors Sovereign Agency (56.9%) Cash (4.6%) Sovereign (4.5%) Credit Card Bul... (4.3%) Finance-Other S... (3.5%) Fiduciary Banks (3%) Super-Regional... (1.8%) Reinsurance (1.7%) Beverages-Non-a... (1.7%) Other (17.9%) 3

32 Summary Performance (WC-Contra Costa County) 6/30/2012 Dated: 7/2/2012 Page 27 Total Index Excess CM CQ CY PM PQ PY TM TQ TY Curr Month Curr Quarter Curr Year Prev Month Prev Quarter Prev Year Trailing Month Trailing Quarter Trailing Year 6/1/12-6/30/12 4/1/12-6/30/12 1/1/12-6/30/12 5/1/12-5/31/12 1/1/12-3/31/12 1/1/11-12/31/11 5/31/12-6/30/12 3/31/12-6/30/12 7/1/11-6/30/12 Total Return 0.022% 0.072% 0.185% 0.014% 0.113% 0.412% 0.032% 0.073% 0.342% Index Return 0.010% 0.051% 0.056% 0.025% 0.005% 0.268% 0.010% 0.051% 0.166% Excess Return 0.012% 0.021% 0.129% % 0.108% 0.144% 0.022% 0.022% 0.176% Index: BofA Merrill Lynch 6 Month Treasury Bill Index (G0O2) (G0O2) Gross of Fees (includes trading expenses) Returns are actual and have not been annualized. 4

33 Summary Performance (WC-Contra Costa County) 6/30/2012 Dated: 7/2/2012 Page 28 Total Index Excess CM CQ CY PM PQ PY TM TQ TY Curr Month Curr Quarter Curr Year Prev Month Prev Quarter Prev Year Trailing Month Trailing Quarter Trailing Year 6/1/12-6/30/12 4/1/12-6/30/12 1/1/12-6/30/12 5/1/12-5/31/12 1/1/12-3/31/12 1/1/11-12/31/11 5/31/12-6/30/12 3/31/12-6/30/12 7/1/11-6/30/12 Total Return 0.013% 0.047% 0.124% 0.006% 0.078% 0.255% 0.023% 0.047% 0.204% Index Return 0.010% 0.051% 0.056% 0.025% 0.005% 0.268% 0.010% 0.051% 0.166% Excess Return 0.003% % 0.069% % 0.073% % 0.013% % 0.038% Index: BofA Merrill Lynch 6 Month Treasury Bill Index (G0O2) (G0O2) Net of Fees (includes management and trading) Returns are actual and have not been annualized. 5

34 Financials (WC-Contra Costa County) 4/1/2012-6/30/2012 Dated: 7/2/2012 Page 29 Balance Sheet WC-Contra Costa County As of: 3/31/2012 6/30/2012 Original Cost 44,856, ,816, Amortization/Accretion -237, , Realized Impairment Loss Amortized Cost 44,619, ,538, Accrued Interest 141, , Ending Book Value 44,760, ,681, Unrealized Gain 26, , Unrealized Loss -6, , Net Unrealized Gain/Loss 20, , Total Market Value 44,780, ,687, Income Statement Begin Date 4/1/2012 End Date 6/30/2012 Net Transfers In/Out -113, Amortization/Accretion -100, Interest Income 143, Dividend Income 0.00 Other Income 0.00 Income Subtotal 143, Realized Gain 2, Realized Loss Realized Impairment Loss 0.00 Net Gain/Loss 2, Expenses -11, Net Income 34, Statement of Cash Flows Begin Date 4/1/2012 End Date 6/30/2012 Net Income 34, Amortization/Accretion 100, Change in MV on CE Securities 0.00 Change in Accrued 32, Net Gain/Loss -2, Balance Sheet Reclassifications 0.00 Non Cash Adjustments 129, Purchases of Marketable Securities -8,559, Purchased Accrued of Marketable Securities -42, Sales of Marketable Securities 992, Sold Accrued of Marketable Securities 8, Maturities of Marketable Securities 3,300, Net Purchases/Sales -4,300, Transfers of Cash & Cash Equivalents -113, Net Change in Cash & Cash Equivalents -4,249, Beginning Cash & Cash Equivalents 6,310, Ending Cash & Cash Equivalents 2,060,

35 Income Detail (WC-Contra Costa County) 4/1/2012-6/30/2012 Dated: 7/2/2012 Page 30 Cusip/ISIN Curr Face Description Coupon Maturity Eff Maturity Net Transfers Net G/L Amortization/ Accretion Income Expenses Net Income Settle Date AA8 700, ABBOTT LABORATORIES /30/ /30/ , , , /18/ BA9 700, ARCHER-DANIELS-MIDLAND C /13/ /13/ , , /11/ HBK4 650, BANK OF NEW YORK MELLON /27/ /27/ , , , /17/ BG5 725, BERKSHIRE HATHAWAY FIN /15/ /15/ , , , /14/ XAG6 465, BLACKROCK INC /24/ /24/ /29/ QAD7 750, CME GROUP INC /15/ /15/ , , /20/ L4Q1 700, CATERPILLAR FINANCIAL SE /20/ /20/ , , /21/ AN4 700, CHAIT 2005-A6 A /15/ /16/ /21/ EDX0 700, CCCIT 2007-A7 A /20/ /20/ , /01/ AN0 570, COCA-COLA CO/THE /15/ /15/ /18/ AN0 200, COCA-COLA CO/THE /15/ /15/ /18/ AQ COCA-COLA CO/THE /15/ /15/ /18/ X1KG1 1,000, FREDDIE MAC /12/ /12/ , , /03/ WQ FED FARM CRD DISCOUNT NT /09/ /09/ /10/ G2R9 1,000, FEDERAL FARM CREDIT BANK /07/ /07/ , , /12/ GYP FEDERAL FARM CREDIT BANK /18/ /18/ , , /14/ K2J8 1,000, FEDERAL FARM CREDIT BANK /24/ /24/ /06/ K66 1,000, FEDERAL HOME LOAN BANK /06/ /06/ /07/ TP5 1,000, FEDERAL HOME LOAN BANK /18/ /18/ /18/ XE5 1,000, FEDERAL HOME LOAN BANK /20/ /20/ /20/ Y61 1,025, FEDERAL HOME LOAN BANK /28/ /28/ /05/ BC8 1,000, FEDERAL HOME LOAN BANK /14/ /14/ /07/ KA2 1,000, FEDERAL HOME LOAN BANK /09/ /09/ , /01/ L86 1,000, FEDERAL HOME LOAN BANK /30/ /30/ /05/ WY3 1,000, FEDERAL HOME LOAN BANK /16/ /16/ /22/ XQU34 1,000, FEDERAL HOME LOAN BANK /29/ /29/ , , /09/ XUUJ0 1,000, FEDERAL HOME LOAN BANK /26/ /26/ , , /30/ XW7L7 1,000, FEDERAL HOME LOAN BANK /16/ /16/ , , /19/ G1GQ1 1,500, FREDDIE MAC /28/ /28/ , , , /24/ G1VX9 1,500, FREDDIE MAC /19/ /19/ , , , /28/ G1WT7 1,500, FREDDIE MAC /26/ /26/ , , /30/ G2SL7 1,000, FREDDIE MAC /08/ /08/ , /15/ G3BF6 1,000, FREDDIE MAC /23/ /23/ /06/ G0CC5 750, FANNIE MAE /23/ /23/ , /09/ G0EU3 1,000, FANNIE MAE /25/ /25/ , , /14/ G0FG3 1,000, FANNIE MAE /14/ /14/ , /06/ EACP2 2,000, FREDDIE MAC /30/ /30/ , , /08/ JBM2 500, GEMNT A /15/ /15/ , , /20/ G4H GENERAL ELEC CAP CORP /08/ /08/ , , , , /24/ G4Q4 750, GENERAL ELEC CAP CORP /16/ /16/ , /18/2012 7

36 Income Detail (WC-Contra Costa County) 4/1/2012-6/30/2012 Dated: 7/2/2012 Page 31 Cusip/ISIN Curr Face Description Coupon Maturity Eff Maturity Net Transfers Net G/L Amortization/ Accretion Income Expenses Net Income Settle Date 44924EAB6 750, IBM INTL GROUP CAPITAL /22/ /22/ , , , /18/ EJA8 700, JPMORGAN CHASE & CO /26/ /26/ , , /14/ AB1 225, JDOT 2011-A A /16/ /23/ /20/ LM5 500, NATIONAL RURAL UTIL COOP /01/ /01/ , , /16/ LM5 200, NATIONAL RURAL UTIL COOP /01/ /01/ , , /18/ AH7 630, NORTHERN TRUST CORP /09/ /09/ , , , /15/ RJ98 700, PACCAR FINANCIAL CORP /17/ /17/ /27/ BF PEPSICO INC /15/ /15/ , , /15/ EAY2 750, TARGET CORP /11/ /11/ /12/ AP9 750, TEXAS INSTRUMENTS INC /15/ /15/ /18/ HGZ7 800, US BANCORP /30/ /30/ , , /15/ LB4 2,000, US TREASURY N/B /15/ /15/ , , , /14/ GFA8 750, CA UNI-FLTG-TXB-Y /01/ /01/ , , /16/ ,060, WFA HERITAGE MONEY MARK-I CCYUSD US Dollar , , , , , , , , ,

37 Balance Sheet Classification (WC-Contra Costa County) 6/30/2012 Dated: 7/2/2012 Page 32 Cash Equivalent (3) 4.61% 2,060, Cusip/ISIN Description Curr Face Sector Rating Coupon Maturity Eff Maturity Pur Yield Yield Orig Cost Amort Cost Unreal G/L Price Accr Int Fair Value Mkt Value WFA HERITAGE MONEY MARK-I 2,060, Cash AAAm/Aaa/NA ,060, ,060, ,060, ,060, CCYUSD US Dollar 2.98 Cash AAA/Aaa/AAA CCYUSD Net Receivables/Payables Cash AAA/Aaa/AAA ,060, ,060, ,060, ,060, ,060, Short Term (26) 60.10% 26,857, Cusip/ISIN Description Curr Face Sector Rating Coupon Maturity Eff Maturity Pur Yield Yield Orig Cost Amort Cost Unreal G/L Price Accr Int Fair Value Mkt Value AA8 ABBOTT LABORATORIES 700, Industrial AA/A1/A /30/ /30/ , , , , , BA9 ARCHER-DANIELS-MIDLAND C 700, Industrial A/A2/A /13/ /13/ , , , , XAG6 BLACKROCK INC 465, Financial A+/A1/NA /24/ /24/ , , , , X1KG1 FREDDIE MAC 1,000, Agency AA+/Aaa/AAA /12/ /12/ ,041, ,035, , ,035, ,037, G2R9 FEDERAL FARM CREDIT BANK 1,000, Agency AA+/Aaa/AAA /07/ /07/ ,021, ,006, , ,007, ,008, K2J8 FEDERAL FARM CREDIT BANK 1,000, Agency AA+/Aaa/AAA /24/ /24/ , , , , K66 FEDERAL HOME LOAN BANK 1,000, Agency AA+/Aaa/F1+* /06/ /06/ , , , ,000, ,001, TP5 FEDERAL HOME LOAN BANK 1,000, Agency AA+/Aaa/F1+* /18/ /18/ , , , ,000, ,001, XE5 FEDERAL HOME LOAN BANK 1,000, Agency AA+/Aaa/F1+* /20/ /20/ ,000, ,000, , ,000, ,001, BC8 FEDERAL HOME LOAN BANK 1,000, Agency AA+/Aaa/F1+* /14/ /14/ , , ,000, ,000, L86 FEDERAL HOME LOAN BANK 1,000, Agency AA+/Aaa/F1+* /30/ /30/ , , , , WY3 FEDERAL HOME LOAN BANK 1,000, Agency AA+/Aaa/F1+* /16/ /16/ ,000, ,000, , ,000, XQU34 FEDERAL HOME LOAN BANK 1,000, Agency AA+/Aaa/AAA /29/ /29/ ,041, ,030, , ,030, ,033, XUUJ0 FEDERAL HOME LOAN BANK 1,000, Agency AA+/Aaa/AAA /26/ /26/ ,015, ,003, , ,003, ,007, XW7L7 FEDERAL HOME LOAN BANK 1,000, Agency AA+/Aaa/AAA /16/ /16/ ,014, ,007, , ,006, ,013, G1GQ1 FREDDIE MAC 1,500, Agency AA+/Aaa/AAA /28/ /28/ ,510, ,501, , ,501, ,507, G1VX9 FREDDIE MAC 1,500, Agency AA+/Aaa/AAA /19/ /19/ ,509, ,505, , ,505, ,507, G1WT7 FREDDIE MAC 1,500, Agency AA+/Aaa/AAA /26/ /26/ ,504, ,502, ,502, ,502, EACP2 FREDDIE MAC 2,000, Agency AA+/Aaa/AAA /30/ /30/ ,003, ,001, ,002, ,002, EAB6 IBM INTL GROUP CAPITAL 750, Industrial AA-/Aa3/A /22/ /22/ , , , , , , EJA8 JPMORGAN CHASE & CO 700, Financial A/A2/A /26/ /26/ , , , , , AH7 NORTHERN TRUST CORP 630, Financial A+/A1/AA /09/ /09/ , , , , , RJ98 PACCAR FINANCIAL CORP 700, Financial A+/A1/NA /17/ /17/ , , , , EAY2 TARGET CORP 750, Industrial A+/A2/A /11/ /11/ , , , , AP9 TEXAS INSTRUMENTS INC 750, Industrial A+/A1/A /15/ /15/ , , , , LB4 US TREASURY N/B 2,000, Government AA+*/Aaa/AAA /15/ /15/ ,027, ,000, , ,000, ,014, ,645, ,992, ,786, , , ,793, ,857, Long Term (22) 35.29% 15,769, Cusip/ISIN Description Curr Face Sector Rating Coupon Maturity Eff Maturity Pur Yield Yield Orig Cost Amort Cost Unreal G/L Price Accr Int Fair Value Mkt Value 06406HBK4 BANK OF NEW YORK MELLON 650, Financial A+/Aa3/AA /27/ /27/ , , , , , BG5 BERKSHIRE HATHAWAY FIN 725, Financial AA+/Aa2/A /15/ /15/ , , , , , , QAD7 CME GROUP INC 750, Financial AA-/Aa3/NA /15/ /15/ , , , , , L4Q1 CATERPILLAR FINANCIAL SE 700, Financial A/A2/A /20/ /20/ , , , ,

38 Balance Sheet Classification (WC-Contra Costa County) 6/30/2012 Dated: 7/2/2012 Page 33 Cusip/ISIN Description Curr Face Sector Rating Coupon Maturity Eff Maturity Pur Yield Yield Orig Cost Amort Cost Unreal G/L Price Accr Int Fair Value Mkt Value AN4 CHAIT 2005-A6 A6 700, Asset Backed AAA/Aaa/AAA /15/ /16/ , , , , EDX0 CCCIT 2007-A7 A7 700, Asset Backed AAA/Aaa/AAA /20/ /20/ , , , , AN0 COCA-COLA CO/THE 200, Industrial A+/Aa3/A /15/ /15/ , , , , AN0 COCA-COLA CO/THE 570, Industrial A+/Aa3/A /15/ /15/ , , , , Y61 FEDERAL HOME LOAN BANK 1,025, Agency AA+/Aaa/AAA* /28/ /28/ ,027, ,027, , ,027, ,029, KA2 FEDERAL HOME LOAN BANK 1,000, Agency AA+/Aaa/AAA* /09/ /09/ ,000, ,000, , ,000, ,002, G2SL7 FREDDIE MAC 1,000, Agency AA+/Aaa/AAA /08/ /08/ ,002, ,000, , ,000, ,002, G3BF6 FREDDIE MAC 1,000, Agency AA+/Aaa/AAA /23/ /23/ ,004, ,004, ,003, ,003, G0CC5 FANNIE MAE 750, Agency AA+/Aaa/AAA /23/ /23/ , , , , , G0EU3 FANNIE MAE 1,000, Agency AA+/Aaa/AAA /25/ /25/ ,000, ,000, , ,000, ,001, G0FG3 FANNIE MAE 1,000, Agency AA+/Aaa/AAA /14/ /14/ ,001, ,000, ,000, ,001, JBM2 GEMNT A 500, Asset Backed AAA/Aaa/AAA /15/ /15/ , , , , G4Q4 GENERAL ELEC CAP CORP 750, Financial AA+/A1/NR /16/ /16/ , , , , , AB1 JDOT 2011-A A2 225, Asset Backed NA/Aaa/AAA /16/ /23/ , , , , LM5 NATIONAL RURAL UTIL COOP 500, Financial A+/A1/Withdra wn LM5 NATIONAL RURAL UTIL COOP 200, Financial A+/A1/Withdra wn /01/ /01/ , , , , , /01/ /01/ , , , , , HGZ7 US BANCORP 800, Financial A/Aa3/AA /30/ /30/ , , , , , GFA8 CA UNI-FLTG-TXB-Y-2 750, Municipal AA/Aa1/AA /01/ /01/ , , , , ,495, ,762, ,691, , ,690, ,769, Summary 44,687, Total Orig Face / Shares Total Curr Face / Shares Yield Purchase Yield Total Orig Cost Total Book Value Total Amort Cost Total Unreal G/L Total Accr Int Total Fair Value Total Mkt Value 44,575, ,201, ,816, ,681, ,538, , , ,545, ,687,

39 Trading Activity (WC-Contra Costa County) 4/1/2012-6/30/2012 Dated: 7/2/2012 Page 34 Purchases Sales Maturities Cash Equivalents (<= 90 days) -3,628, ,878, Marketable Securities Short Term -2,465, , ,300, Long Term -6,136, , Equities Funds Alternative Investments Totals -12,229, ,878, ,300, Trade Date Settle Date Type Cusip/ISIN Description Coupon Maturity Broker/Dealer Orig Face Notional Price Original Cost Principal Accr Int Real G/L Comm Proceeds Class 04/15/ /16/2012 PPD AB1 JDOT 2011-A A /16/ , , , , , LT 05/02/ /03/2012 BUY 3128X1KG1 FREDDIE MAC /12/2013 GX CLARKE & CO. 1,000, ,000, ,041, ,041, , ,057, LT 05/09/ /09/2012 MTY WQ9 FED FARM CRD DISCOUNT NT /09/ ,000, ,000, , ,000, ,000, ST 05/15/ /15/2012 MTY BF4 PEPSICO INC /15/ , , , , , ST 05/15/ /15/2012 MTY AQ3 COCA-COLA CO/THE /15/ , , , , , ST 05/15/ /15/2012 PPD AB1 JDOT 2011-A A /16/ , , , , , LT 05/15/ /18/2012 SELL 36962G4H4 GENERAL ELEC CAP /08/2013 US Bancorp 800, , , , , , , ST CORP Piper-DTC 05/15/ /18/2012 BUY AN0 COCA-COLA CO/THE /15/2013 KEYBANC CAPITAL MARKETS INC 570, , , , , LT 05/15/ /18/2012 BUY LM5 NATIONAL RURAL UTIL COOP 05/15/ /18/2012 BUY AP9 TEXAS INSTRUMENTS INC /01/2013 KEYBANC CAPITAL MARKETS INC /15/2013 BB & T CAPITAL MARKETS 200, , , , , , LT 750, , , , , ST 05/15/ /18/2012 BUY AN0 COCA-COLA CO/THE /15/2013 KEYBANC 200, , , , , LT CAPITAL MARKETS INC 05/15/ /18/2012 BUY 36962G4Q4 GENERAL ELEC CAP CORP /16/2013 Unknown 750, , , , , , LT 05/21/ /22/2012 BUY WY3 FEDERAL HOME LOAN BANK /16/2013 MIZUHO SECURITIES USA INC. 1,000, ,000, ,000, ,000, ,000, ST 05/23/ /29/2012 BUY 09247XAG6 BLACKROCK INC /24/2013 Dain Rauscher 465, , , , , LT 06/04/ /05/2012 BUY Y61 FEDERAL HOME LOAN /28/2013 Dain Rauscher 1,025, ,025, ,027, ,027, , ,029, LT BANK 06/05/ /06/2012 BUY 3134G3BF6 FREDDIE MAC /23/2013 First 1,000, ,000, ,004, ,004, , ,007, LT Tennessee Bank 06/15/ /15/2012 PPD AB1 JDOT 2011-A A /16/ , , , , , LT 06/15/ /20/2012 BUY 12572QAD7 CME GROUP INC /15/2014 Unknown 750, , , , , , LT 06/18/ /18/2012 MTY 31331GYP8 FEDERAL FARM CREDIT /18/ ,000, ,000, ,019, ,000, ,000, ST BANK 06/26/ /27/2012 BUY 69371RJ98 PACCAR FINANCIAL /17/2013 Cantor 700, , , , , ST CORP Fitzgerald NMMF_BUY WFA HERITAGE MONEY MARK-I Unknown 3,628, ,628, ,628, ,628, ,628, CE 11

40 Trading Activity (WC-Contra Costa County) 4/1/2012-6/30/2012 Dated: 7/2/2012 Page 35 Trade Date Settle Date Type Cusip/ISIN Description Coupon Maturity Broker/Dealer Orig Face Notional Price Original Cost Principal Accr Int Real G/L Comm Proceeds Class NMMF_SELL WFA HERITAGE MONEY MARK-I Unknown 7,878, ,878, ,878, ,878, ,878, CE ,197, ,416, ,358, , , ,

41 Transaction Detail (WC-Contra Costa County) 4/1/2012-6/30/2012 Dated: 7/2/2012 Page 36 Summary Cusip/ISIN Beginning Balance Ending Balance CCYUSD Cash Affecting Transactions Trade Date Settle Date Type Notional Cusip/ISIN Description Coupon Maturity Price Amount NMMF_BUY WFA HERITAGE MONEY MARK-I ,628, NMMF_SELL WFA HERITAGE MONEY MARK-I ,878, /31/ /01/2012 MMF WFA HERITAGE MONEY MARK-I /02/ /02/2012 CPN GFA8 CA UNI-FLTG-TXB-Y /01/ /11/ /11/2012 CPN EAY2 TARGET CORP /11/ , /13/ /13/2012 TRN --- CCYUSD US Dollar , /15/ /16/2012 CPN AB1 JDOT 2011-A A /16/ /15/ /16/2012 PPD AB1 JDOT 2011-A A /16/ , /15/ /16/2012 CPN JBM2 GEMNT A /15/ , /16/ /16/2012 CPN AN4 CHAIT 2005-A6 A /15/ /19/ /19/2012 CPN G1VX9 FREDDIE MAC /19/ , /20/ /20/2012 CPN EDX0 CCCIT 2007-A7 A /20/ /20/ /20/2012 MEXP --- CCYUSD US Dollar , /22/ /22/2012 CPN EAB6 IBM INTL GROUP CAPITAL /22/ , /25/ /25/2012 CPN G0EU3 FANNIE MAE /25/ , /30/ /30/2012 CPN HGZ7 US BANCORP /30/ , /30/ /01/2012 MMF WFA HERITAGE MONEY MARK-I /01/ /01/2012 CPN GFA8 CA UNI-FLTG-TXB-Y /01/ /02/ /03/2012 BUY 1,000, X1KG1 FREDDIE MAC /12/ ,057, /09/ /09/2012 MTY 1,000, WQ9 FED FARM CRD DISCOUNT NT /09/ ,000, /09/ /09/2012 CPN AH7 NORTHERN TRUST CORP /09/ , /13/ /14/2012 CPN BA9 ARCHER-DANIELS-MIDLAND C /13/ , /14/ /14/2012 CPN BC8 FEDERAL HOME LOAN BANK /14/ /14/ /14/2012 CPN G0FG3 FANNIE MAE /14/ , /15/ /15/2012 CPN AB1 JDOT 2011-A A /16/ /15/ /15/2012 MTY 600, BF4 PEPSICO INC /15/ , /15/ /15/2012 CPN AQ3 COCA-COLA CO/THE /15/ /15/ /15/2012 MTY 700, AQ3 COCA-COLA CO/THE /15/ , /15/ /15/2012 CPN BF4 PEPSICO INC /15/ , /15/ /15/2012 CPN AN4 CHAIT 2005-A6 A /15/ /15/ /15/2012 CPN JBM2 GEMNT A /15/ , /15/ /15/2012 PPD AB1 JDOT 2011-A A /16/ , /15/ /18/2012 SELL 800, G4H4 GENERAL ELEC CAP CORP /08/ , /15/ /18/2012 BUY 570, AN0 COCA-COLA CO/THE /15/ ,

42 Transaction Detail (WC-Contra Costa County) 4/1/2012-6/30/2012 Dated: 7/2/2012 Page 37 Trade Date Settle Date Type Notional Cusip/ISIN Description Coupon Maturity Price Amount 05/15/ /18/2012 BUY 200, LM5 NATIONAL RURAL UTIL COOP /01/ , /15/ /18/2012 BUY 750, AP9 TEXAS INSTRUMENTS INC /15/ , /15/ /18/2012 BUY 200, AN0 COCA-COLA CO/THE /15/ , /15/ /18/2012 BUY 750, G4Q4 GENERAL ELEC CAP CORP /16/ , /16/ /16/2012 TRN --- CCYUSD US Dollar , /21/ /21/2012 CPN EDX0 CCCIT 2007-A7 A /20/ /21/ /21/2012 MEXP --- CCYUSD US Dollar , /21/ /22/2012 BUY 1,000, WY3 FEDERAL HOME LOAN BANK /16/ ,000, /23/ /29/2012 BUY 465, XAG6 BLACKROCK INC /24/ , /24/ /24/2012 CPN K2J8 FEDERAL FARM CREDIT BANK /24/ , /26/ /29/2012 CPN G1WT7 FREDDIE MAC /26/ , /29/ /29/2012 CPN EJA8 JPMORGAN CHASE & CO /26/ , /29/ /29/2012 CPN XQU34 FEDERAL HOME LOAN BANK /29/ , /30/ /30/2012 CPN AA8 ABBOTT LABORATORIES /30/ , /30/ /30/2012 CPN L86 FEDERAL HOME LOAN BANK /30/ /30/ /30/2012 CPN EACP2 FREDDIE MAC /30/ , /31/ /01/2012 MMF WFA HERITAGE MONEY MARK-I /01/ /01/2012 CPN GFA8 CA UNI-FLTG-TXB-Y /01/ /04/ /05/2012 BUY 1,025, Y61 FEDERAL HOME LOAN BANK /28/ ,029, /05/ /06/2012 BUY 1,000, G3BF6 FREDDIE MAC /23/ ,007, /07/ /07/2012 CPN G2R9 FEDERAL FARM CREDIT BANK /07/ , /12/ /12/2012 CPN X1KG1 FREDDIE MAC /12/ , /12/ /12/2012 TRN --- CCYUSD US Dollar , /15/ /15/2012 CPN AB1 JDOT 2011-A A /16/ /15/ /15/2012 PPD AB1 JDOT 2011-A A /16/ , /15/ /15/2012 CPN AN4 CHAIT 2005-A6 A /15/ /15/ /15/2012 CPN JBM2 GEMNT A /15/ , /15/ /20/2012 BUY 750, QAD7 CME GROUP INC /15/ , /18/ /18/2012 MTY 1,000, GYP8 FEDERAL FARM CREDIT BANK /18/ ,000, /18/ /18/2012 CPN GYP8 FEDERAL FARM CREDIT BANK /18/ , /20/ /20/2012 CPN L4Q1 CATERPILLAR FINANCIAL SE /20/ , /20/ /20/2012 CPN EDX0 CCCIT 2007-A7 A /20/ /20/ /20/2012 MEXP --- CCYUSD US Dollar , /23/ /25/2012 CPN G3BF6 FREDDIE MAC /23/ , /26/ /27/2012 BUY 700, RJ98 PACCAR FINANCIAL CORP /17/ , Payable/Receivable Transactions 14

43 Transaction Detail (WC-Contra Costa County) 4/1/2012-6/30/2012 Dated: 7/2/2012 Page 38 Trade Date Settle Date Type Notional Cusip/ISIN Description Coupon Maturity Price Amount 06/30/ /02/2012 MMF WFA HERITAGE MONEY MARK-I

44 MMF Transaction Detail (WC-Contra Costa County) 4/1/2012-6/30/2012 Dated: 7/2/2012 Page 39 Cusip/ISIN Description Beginning Balance Ending Balance WFA HERITAGE MONEY MARK-I 6,310, ,060, Cash Affecting Transactions Trade Date Settle Date Type Notional Cusip/ISIN Ticker Description Real G/L Amount 04/02/ /02/2012 BUY SHIXX WFA HERITAGE MONEY MARK-I /11/ /11/2012 BUY 1, SHIXX WFA HERITAGE MONEY MARK-I , /13/ /13/2012 SELL 37, SHIXX WFA HERITAGE MONEY MARK-I , /16/ /16/2012 BUY 66, SHIXX WFA HERITAGE MONEY MARK-I , /16/ /16/2012 BUY 1, SHIXX WFA HERITAGE MONEY MARK-I , /19/ /19/2012 BUY 6, SHIXX WFA HERITAGE MONEY MARK-I , /20/ /20/2012 SELL 3, SHIXX WFA HERITAGE MONEY MARK-I , /23/ /23/2012 BUY 18, SHIXX WFA HERITAGE MONEY MARK-I , /25/ /25/2012 BUY 3, SHIXX WFA HERITAGE MONEY MARK-I , /30/ /30/2012 BUY 4, SHIXX WFA HERITAGE MONEY MARK-I , /30/ /01/2012 MMF SHIXX WFA HERITAGE MONEY MARK-I /01/ /01/2012 BUY SHIXX WFA HERITAGE MONEY MARK-I /01/ /01/2012 BUY SHIXX WFA HERITAGE MONEY MARK-I /03/ /03/2012 SELL 1,057, SHIXX WFA HERITAGE MONEY MARK-I ,057, /09/ /09/2012 BUY 1,016, SHIXX WFA HERITAGE MONEY MARK-I ,016, /14/ /14/2012 BUY 1, SHIXX WFA HERITAGE MONEY MARK-I , /14/ /14/2012 BUY 3, SHIXX WFA HERITAGE MONEY MARK-I , /15/ /15/2012 BUY 1,388, SHIXX WFA HERITAGE MONEY MARK-I ,388, /15/ /15/2012 BUY 1, SHIXX WFA HERITAGE MONEY MARK-I , /16/ /16/2012 SELL 47, SHIXX WFA HERITAGE MONEY MARK-I , /18/ /18/2012 SELL 1,685, SHIXX WFA HERITAGE MONEY MARK-I ,685, /21/ /21/2012 SELL 3, SHIXX WFA HERITAGE MONEY MARK-I , /22/ /22/2012 SELL 1,000, SHIXX WFA HERITAGE MONEY MARK-I ,000, /24/ /24/2012 BUY 1, SHIXX WFA HERITAGE MONEY MARK-I , /29/ /29/2012 SELL 444, SHIXX WFA HERITAGE MONEY MARK-I , /29/ /29/2012 BUY 2, SHIXX WFA HERITAGE MONEY MARK-I , /30/ /30/2012 BUY 22, SHIXX WFA HERITAGE MONEY MARK-I , /31/ /01/2012 MMF SHIXX WFA HERITAGE MONEY MARK-I /01/ /01/2012 BUY SHIXX WFA HERITAGE MONEY MARK-I /05/ /05/2012 SELL 1,029, SHIXX WFA HERITAGE MONEY MARK-I ,029, /06/ /06/2012 SELL 1,007, SHIXX WFA HERITAGE MONEY MARK-I ,007, /07/ /07/2012 BUY 9, SHIXX WFA HERITAGE MONEY MARK-I , /12/ /12/2012 BUY 20, SHIXX WFA HERITAGE MONEY MARK-I , /12/ /12/2012 SELL 28, SHIXX WFA HERITAGE MONEY MARK-I , /15/ /15/2012 BUY 43, SHIXX WFA HERITAGE MONEY MARK-I , /15/ /15/2012 BUY 1, SHIXX WFA HERITAGE MONEY MARK-I ,

45 MMF Transaction Detail (WC-Contra Costa County) 4/1/2012-6/30/2012 Dated: 7/2/2012 Page 40 Trade Date Settle Date Type Notional Cusip/ISIN Ticker Description Real G/L Amount 06/18/ /18/2012 BUY 1,010, SHIXX WFA HERITAGE MONEY MARK-I ,010, /20/ /20/2012 SELL 822, SHIXX WFA HERITAGE MONEY MARK-I , /25/ /25/2012 BUY 3, SHIXX WFA HERITAGE MONEY MARK-I , /27/ /27/2012 SELL 711, SHIXX WFA HERITAGE MONEY MARK-I , ,250, Payable/Receivable Transactions Trade Date Settle Date Type Notional Cusip/ISIN Ticker Description Real G/L Amount 06/30/ /02/2012 MMF SHIXX WFA HERITAGE MONEY MARK-I

46 Page 41 BACM-Contra Costa Co Begin Date 4/1/2012 End Date 6/30/2012

47 Risk Summary (BACM-Contra Costa Co) 6/30/2012 Page 42 Dated: 7/10/2012 Summary Cash 15,733, Fixed Income 21,752, Duration Convexity Weighted Avg Life Weighted Avg Maturity Weighted Avg Eff Maturity Yield 0.306% Purchase Yield 0.347% Security Type MM Fund (42%) Agency (27.1%) Corporate (25.9%) US Gov (5.1%) Currency (0%) MMF Asset Allocation 1st Tier CP (e... (25%) FRNS (18%) Foreign Bank (18%) Repo (18%) ABCP (11%) Time Deposits (8%) Other (2%) Avg Credit Rating CCC+/Caa1/CCC+ Issuer Concentration MMF - BOFA CASH RESERVES-CAPTL 42.0% Federal National Mortgage Associa % Federal Home Loan Banks Office of % Government of the United States 5.1% Federal Farm Credit Banks Consoli % Country Currency International Business Machines C % JPMorgan Chase & Co. 2.7% Federal Home Loan Mortgage Corpor % Other 20.0% United States (100%) US Dollar (100%) Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 1

48 Risk Summary (BACM-Contra Costa Co) 6/30/2012 Page 43 Dated: 7/10/2012 Market Sectors Time to Maturity (Years) Duration Cash (42%) Government (5.1%) Agency (27.1%) Financial (11.2%) Industrial (14.6%) Percent Effective Maturity Final Maturity Percent Credit Ratings Credit Duration Industry Sectors Percent A / a A A A A A A N R e AAA AA A BBB BB B CCC CC C NA Cash (42%) Sovereign (32.1%) Diversified Fin... (6.3%) Banks (4.9%) Computers (3.2%) Aerospace/Defen... (1.7%) Chemicals (1.7%) Telecommunicati... (1.4%) Media (1.4%) Other (5.3%) Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 2

49 Risk Summary (BACM-Contra Costa Co) 6/30/2012 Page 44 Dated: 7/10/2012 Industry Subsectors Cash (42%) Sovereign Agency (27.1%) Sovereign (5.1%) Computer Servic... (3.2%) Diversified Ban... (2.7%) Finance-Leasing... (2%) Finance-Consume... (1.9%) Aerospace/Defen... (1.7%) Commer Banks-So... (1.6%) Other (12.7%) Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 3

50 Disclosure (BACM-Contra Costa Co) 6/30/2012 Page 45 Dated: 7/10/2012 Disclosure BofA Global Capital Management is an asset management division of Bank of America Corporation. BofA Global Capital Management entities furnish investment management services and products for institutional and individual investors. BofA Advisors, LLC is an SEC-registered investment advisor and indirect, wholly owned subsidiary of Bank of America Corporation and is part of BofA Global Capital Management. Clearwater calculates the average credit ratings and BofA Global Capital Management assumes no responsibility for the validity or accuracy of such calculation. Average credit ratings do not reflect any investments by the accounts in shares of any money market fund that is not rated. For securities with a rating from more than one ratings agency, Clearwater applies a methodology for determining average credit ratings that may not reflect the actual rating on the security by a particular ratings agency. Please contact clientaccountinquires@clearwateranalytics.com for more information Bank of America Corporation. All rights reserved. BofA Advisors, LLC Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 4

51 Disclosure (BACM-Contra Costa Co) 6/30/2012 Page 46 Dated: 7/10/ Federal Street, Boston, MA Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 5

52 Account Summary (BACM-Contra Costa Co) 4/1/2012-6/30/2012 Page 47 Dated: 7/3/2012 Accounting Balance Sheet Classification Book Value Market Value Cash & Cash Equivalents 15,733, ,733, Short Term Investments 14,428, ,434, Long Term Investments 7,187, ,190, Equity Alternative Investments Accrued Interest Receivable 128, , Total 37,477, ,485, Interest Income Detail Tax Exempt Taxable Beginning Accrued , Purchased Accrued , Sold Accrued Coupons Received , Equity Dividends Received Interest Accrued In Period , Other Income Interest Income Total , Ending Accrued , Amortization/Accretion Tax Exempt Taxable Beginning Amortized Cost ,510, Purchases ,205, Sales ,274, Ending Amortized Cost ,349, Amortization/Accretion , Realized Gain/Loss Realized Gain 0.00 Realized Loss 0.00 Realized Impairment Loss 0.00 Net Realized Gain/Loss 0.00 Transactions Purchases/Sales/Maturities Purchases Sales Maturities Cash & Cash Equivalents -6,541, ,647, , Short Term Marketable Securities -561, ,127, Long Term Marketable Securities -4,126, Equities Funds Alternative Investments Total -11,228, ,647, ,627, Contributions/Distributions Contributions 0.00 Distributions -214, Total -214, Performance Summary 1 Month 3 Month YTD 5/31/12-6/30/12 3/31/12-6/30/12 12/31/11-6/30/12 Income Return 0.03% 0.06% 0.14% Price Return 0.00% -0.02% -0.04% Total Return 0.03% 0.04% 0.11% 1 Year 3 Year Since Inception 12/31/10-12/31/11 12/31/08-12/31/11 2/1/98-6/30/12 Income Return 0.31% ---% ---% Price Return 0.01% ---% ---% Total Return 0.32% 0.34% 3.09% Compliance Compliant Risk Summary Purchase Yield Duration (Years) Duration (Days) 177 WAM (Effective) Avg Credit Duration CCC+/Caa1/ CCC Days Days Days Years Over 2 Years 2.21 Credit Ratings AAA/Aaa/AAA AA/Aa/AA 5.95 A/A/A BBB/Baa/BBB 0.00 Non-Investment Grade 0.00 Not Rated Sectors Cash Government 5.07 Agency Municipal 0.00 Corporate Asset Backed 0.00 Mortgage Backed 0.00 Expenses -8, Net Income 23, Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 1

53 Financials (BACM-Contra Costa Co) 4/1/2012-6/30/2012 Page 48 Dated: 7/3/2012 Balance Sheet BACM-Contra Costa Co As of: 3/31/2012 6/30/2012 Original Cost 37,861, ,578, Amortization/Accretion -348, , Realized Impairment Loss Amortized Cost 37,512, ,349, Accrued Interest 156, , Ending Book Value 37,668, ,477, Unrealized Gain 22, , Unrealized Loss -5, , Net Unrealized Gain/Loss 17, , Total Market Value 37,686, ,485, Income Statement Begin Date 4/1/2012 End Date 6/30/2012 Net Transfers In/Out -214, Amortization/Accretion -91, Interest Income 124, Dividend Income 0.00 Other Income 0.00 Income Subtotal 124, Realized Gain 0.00 Realized Loss 0.00 Realized Impairment Loss 0.00 Net Gain/Loss 0.00 Expenses -8, Net Income 23, Statement of Cash Flows Begin Date 4/1/2012 End Date 6/30/2012 Net Income 23, Amortization/Accretion 91, Change in MV on CE Securities Change in Accrued 50, Net Gain/Loss 0.00 Balance Sheet Reclassifications 0.00 Non Cash Adjustments 142, Purchases of Marketable Securities -4,664, Purchased Accrued of Marketable Securities -22, Sales of Marketable Securities 0.00 Sold Accrued of Marketable Securities 0.00 Maturities of Marketable Securities 6,127, Net Purchases/Sales 1,439, Transfers of Cash & Cash Equivalents -214, Net Change in Cash & Cash Equivalents 1,391, Beginning Cash & Cash Equivalents 14,342, Ending Cash & Cash Equivalents 15,733, Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 2

54 Income Detail (BACM-Contra Costa Co) 4/1/2012-6/30/2012 Page 49 Dated: 7/3/2012 Cusip/ISIN Curr Face Description Coupon Maturity Eff Maturity Net Transfers Net G/L Amortization/ Accretion Income Expenses Net Income Settle Date 05531FAC7 600, BB&T CORPORATION /27/ /27/ , , , /02/ BA BANK OF NEW YORK MELLON /01/ /01/ /21/ BA BANK OF NEW YORK MELLON /01/ /01/ /21/ AH7 340, BOEING CAPITAL CORP /15/ /15/ , , /16/ AK0 350, BOEING CAPITAL CORP /27/ /27/ , , /01/ ,733, BOFA CASH RESERVES-CAPTL , , MAB1 213, BOTTLING GROUP LLC /15/ /15/ , , /19/ L4Q1 300, CATERPILLAR FINANCIAL SE /20/ /20/ , /25/ L4Q1 300, CATERPILLAR FINANCIAL SE /20/ /20/ /16/ RAJ1 500, CISCO SYSTEMS INC /14/ /14/ , , /23/ AL4 209, COCA-COLA CO/THE /15/ /15/ , , /07/ ERA9 700, JOHN DEERE CAPITAL CORP /03/ /03/ , , , /22/ DAA JOHN DEERE CAPITAL CORP TLGP /19/ /19/ , , /08/ AW6 340, WALT DISNEY COMPANY/THE /15/ /15/ , , /23/ PCQ7 150, WALT DISNEY COMPANY/THE /01/ /01/ /15/ BS7 316, E.I. DU PONT DE NEMOURS /15/ /15/ , , /13/ A6F FCAR OWNER TRUST /04/ /04/ /06/ JP FEDERAL HOME LOAN BANK /29/ /29/ /01/ EAQP6 500, FEDERAL FARM CREDIT BANK /16/ /16/ /16/ EATQ1 1,000, FEDERAL FARM CREDIT BANK /11/ /11/ /11/ XP2W3 500, FEDERAL HOME LOAN BANK /27/ /27/ , , /14/ XSAE8 300, FEDERAL HOME LOAN BANK /18/ /18/ /27/ XUE41 700, FEDERAL HOME LOAN BANK /22/ /22/ , , /15/ XUUJ0 500, FEDERAL HOME LOAN BANK /26/ /26/ , , /15/ XUUJ0 300, FEDERAL HOME LOAN BANK /26/ /26/ , /02/ G0BJ1 750, FANNIE MAE /27/ /27/ , , /13/ EACE7 750, FREDDIE MAC /21/ /21/ , , /29/ A3N0 2,000, FANNIE MAE /24/ /24/ , , , /01/ A4T6 2,000, FANNIE MAE /30/ /30/ , , /09/ ABX FANNIE MAE /18/ /18/ , , /30/ AKY7 750, FANNIE MAE /12/ /12/ , , , /01/ AWK FANNIE MAE /20/ /20/ /21/ AK4 314, GENERAL DYNAMICS CORP /15/ /15/ , , /12/ AN8 300, GENERAL DYNAMICS CORP /01/ /01/ /22/ G2L GENERAL ELEC CAP CORP /10/ /10/ /06/ AA5 200, GLAXOSMITHKLINE CAP INC /15/ /15/ /08/ FAA GOLDMAN SACHS GROUP INC TLGP /15/ /15/ , , , /29/ AY2 300, HONEYWELL INTERNATIONAL /15/ /15/ , , /17/2011 Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 3

55 Income Detail (BACM-Contra Costa Co) 4/1/2012-6/30/2012 Page 50 Dated: 7/3/2012 Cusip/ISIN Curr Face Description Coupon Maturity Eff Maturity Net Transfers Net G/L Amortization/ Accretion Income Expenses Net Income Settle Date GR6 200, IBM CORP /06/ /06/ , /23/ GR6 325, IBM CORP /06/ /06/ , , /17/ GT2 450, IBM CORP /05/ /05/ , /22/ GT2 200, IBM CORP /05/ /05/ /27/ HGT1 750, JPMORGAN CHASE & CO /01/ /01/ , , , /28/ HGT1 250, JPMORGAN CHASE & CO /01/ /01/ , , /15/ AB0 250, MICROSOFT CORP /01/ /01/ , , /27/ RK39 300, PACCAR FINANCIAL CORP /29/ /29/ , /08/ PAW4 300, PRAXAIR INC /15/ /15/ /09/ EAT3 350, TARGET CORP /15/ /15/ , , /19/ AG1 370, UNITED PARCEL SERVICE /15/ /15/ , , /30/ HGR5 203, US BANCORP /15/ /15/ , , /16/ KP US TREASURY N/B /15/ /15/ , , /18/ PD6 500, US TREASURY N/B /31/ /31/ /21/ PD6 1,000, US TREASURY N/B /31/ /31/ /16/ SR2 400, US TREASURY N/B /30/ /30/ /14/2012 CCYUSD US Dollar , , , , , , , , Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 4

56 Balance Sheet Classification (BACM-Contra Costa Co) 6/30/2012 Page 51 Dated: 7/3/2012 Cash Equivalent (2) 41.97% 15,733, Cusip/ISIN Description Curr Face Sector Rating Coupon Maturity Eff Maturity Pur Yield Yield Orig Cost Amort Cost Unreal G/L Price Accr Int Fair Value Mkt Value BOFA CASH RESERVES-CAPTL 15,733, Cash NA/NA/NA ,733, ,733, ,733, ,733, CCYUSD Net Receivables/Payables Cash AAA/Aaa/AAA ,733, ,733, ,733, ,733, ,733, Short Term (23) 38.76% 14,529, Cusip/ISIN Description Curr Face Sector Rating Coupon Maturity Eff Maturity Pur Yield Yield Orig Cost Amort Cost Unreal G/L Price Accr Int Fair Value Mkt Value 05531FAC7 BB&T CORPORATION 600, Financial A-/A2/A /27/ /27/ , , , , , AH7 BOEING CAPITAL CORP 340, Financial A/A2/A /15/ /15/ , , , , , MAB1 BOTTLING GROUP LLC 213, Industrial A/Aa3/A /15/ /15/ , , , , , BS7 E.I. DU PONT DE NEMOURS 316, Industrial A/A2/A /15/ /15/ , , , , , EATQ1 FEDERAL FARM CREDIT BANK 1,000, Agency AA+/Aaa/F1+* /11/ /11/ , , , , XP2W3 FEDERAL HOME LOAN BANK 500, Agency AA+/Aaa/AAA /27/ /27/ , , , , , XUE41 FEDERAL HOME LOAN BANK 700, Agency AA+/Aaa/AAA /22/ /22/ , , , , , XUUJ0 FEDERAL HOME LOAN BANK 500, Agency AA+/Aaa/AAA /26/ /26/ , , , , , XUUJ0 FEDERAL HOME LOAN BANK 300, Agency AA+/Aaa/AAA /26/ /26/ , , , , , EACE7 FREDDIE MAC 750, Agency AA+/Aaa/AAA /21/ /21/ , , , , , A3N0 FANNIE MAE 2,000, Agency AA+/Aaa/AAA /24/ /24/ ,008, ,001, , , ,002, ,005, A4T6 FANNIE MAE 2,000, Agency AA+/Aaa/AAA /30/ /30/ ,005, ,001, , ,002, ,003, AKY7 FANNIE MAE 750, Agency AA+/Aaa/AAA /12/ /12/ , , , , , , AK4 GENERAL DYNAMICS CORP 314, Industrial A/A2/A /15/ /15/ , , , , , GR6 IBM CORP 200, Industrial AA-/Aa3/A /06/ /06/ , , , , GR6 IBM CORP 325, Industrial AA-/Aa3/A /06/ /06/ , , , , , HGT1 JPMORGAN CHASE & CO 750, Financial A/A2/A /01/ /01/ , , , , , HGT1 JPMORGAN CHASE & CO 250, Financial A/A2/A /01/ /01/ , , , , , PAW4 PRAXAIR INC 300, Industrial A/A2/NA /15/ /15/ , , , , EAT3 TARGET CORP 350, Industrial A+/A2/A /15/ /15/ , , , , , AG1 UNITED PARCEL SERVICE 370, Industrial AA-/Aa3/NA /15/ /15/ , , , , , PD6 US TREASURY N/B 500, Government AA+*/Aaa/AAA /31/ /31/ , , , , PD6 US TREASURY N/B 1,000, Government AA+*/Aaa/AAA /31/ /31/ ,000, ,000, ,000, ,001, ,328, ,622, ,428, , , ,434, ,529, Long Term (20) 19.27% 7,222, Cusip/ISIN Description Curr Face Sector Rating Coupon Maturity Eff Maturity Pur Yield Yield Orig Cost Amort Cost Unreal G/L Price Accr Int Fair Value Mkt Value AK0 BOEING CAPITAL CORP 350, Financial A/A2/A /27/ /27/ , , , , , L4Q1 CATERPILLAR FINANCIAL SE 300, Financial A/A2/A /20/ /20/ , , , , L4Q1 CATERPILLAR FINANCIAL SE 300, Financial A/A2/A /20/ /20/ , , , , RAJ1 CISCO SYSTEMS INC 500, Industrial A+/A1/NA /14/ /14/ , , , , , AL4 COCA-COLA CO/THE 209, Industrial A+/Aa3/A /15/ /15/ , , , , , ERA9 JOHN DEERE CAPITAL CORP 700, Financial A/A2/NA /03/ /03/ , , , , , , AW6 WALT DISNEY COMPANY/THE 340, Industrial A/A2/A /15/ /15/ , , , , Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 5

57 Balance Sheet Classification (BACM-Contra Costa Co) 6/30/2012 Page 52 Dated: 7/3/2012 Cusip/ISIN Description Curr Face Sector Rating Coupon Maturity Eff Maturity Pur Yield Yield Orig Cost Amort Cost Unreal G/L Price Accr Int Fair Value Mkt Value 25468PCQ7 WALT DISNEY COMPANY/THE 150, Industrial A/A2/A /01/ /01/ , , , , EAQP6 FEDERAL FARM CREDIT BANK 500, Agency AA+/Aaa/AAA /16/ /16/ , , , , XSAE8 FEDERAL HOME LOAN BANK 300, Agency AA+/Aaa/AAA /18/ /18/ , , , , , G0BJ1 FANNIE MAE 750, Agency AA+/Aaa/AAA /27/ /27/ , , , , , AN8 GENERAL DYNAMICS CORP 300, Industrial A/A2/A /01/ /01/ , , , , , AA5 GLAXOSMITHKLINE CAP INC 200, Industrial A+/A1/A /15/ /15/ , , , , , AY2 HONEYWELL INTERNATIONAL 300, Industrial A/A2/A /15/ /15/ , , , , , , GT2 IBM CORP 450, Industrial AA-/Aa3/A /05/ /05/ , , , , , GT2 IBM CORP 200, Industrial AA-/Aa3/A /05/ /05/ , , , , AB0 MICROSOFT CORP 250, Industrial AAA/Aaa/AA /01/ /01/ , , , , RK39 PACCAR FINANCIAL CORP 300, Financial A+/A1/NA /29/ /29/ , , , , , HGR5 US BANCORP 203, Financial A/Aa3/AA /15/ /15/ , , , , , SR2 US TREASURY N/B 400, Government AA+*/Aaa/AAA * /30/ /30/ , , , , ,002, ,223, ,187, , , ,190, ,222, Summary 37,485, Total Orig Face / Shares Total Curr Face / Shares Yield Purchase Yield Total Orig Cost Total Book Value Total Amort Cost Total Unreal G/L Total Accr Int Total Fair Value Total Mkt Value 37,063, ,063, ,578, ,477, ,349, , , ,357, ,485, Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 6

58 Trading Activity (BACM-Contra Costa Co) 4/1/2012-6/30/2012 Page 53 Dated: 7/3/2012 Purchases Sales Maturities Cash Equivalents (<= 90 days) -6,541, ,647, , Marketable Securities Short Term -561, ,127, Long Term -4,126, Equities Funds Alternative Investments Totals -11,228, ,647, ,627, Trade Date Settle Date Type Cusip/ISIN Description Coupon Maturity Broker/Dealer Orig Face Notional Price Original Cost Principal Accr Int Real G/L Comm Proceeds Class 04/01/ /01/2012 MTY BA9 BANK OF NEW YORK MELLON 04/10/ /10/2012 MTY 36962G2L7 GENERAL ELEC CAP CORP /01/ , , , , , ST /10/ , , , , , ST 04/11/ /16/2012 BUY 91159HGR5 US BANCORP /15/2014 Unknown 203, , , , , , LT 04/11/ /16/2012 BUY 14912L4Q1 CATERPILLAR FINANCIAL SE /20/2013 Unknown 300, , , , , , LT 04/20/ /20/2012 MTY 31398AWK4 FANNIE MAE /20/ ,000, ,000, ,022, ,000, ,000, ST 04/24/ /27/2012 BUY GT2 IBM CORP /05/2013 Unknown 200, , , , , LT 04/24/ /27/2012 BUY AB0 MICROSOFT CORP /01/2014 Unknown 250, , , , , , LT 04/26/ /01/2012 BUY AK0 BOEING CAPITAL CORP /27/2014 Unknown 350, , , , , LT 05/04/ /09/2012 BUY 74005PAW4 PRAXAIR INC /15/2012 Unknown 300, , , , , , ST 05/10/ /16/2012 BUY 3133EAQP6 FEDERAL FARM CREDIT BANK /16/2014 Unknown 500, , , , , LT 05/10/ /15/2012 BUY 46625HGT1 JPMORGAN CHASE & CO /01/2012 Unknown 250, , , , , , ST 05/15/ /15/2012 MTY KP4 US TREASURY N/B /15/ , , , , , ST 05/18/ /18/2012 MTY 31398ABX9 FANNIE MAE /18/ ,279, ,279, ,331, ,279, ,279, ST 06/04/ /04/2012 MTY 3024A6F49 FCAR OWNER TRUST /04/ , , , , , CE 06/05/ /08/2012 BUY AA5 GLAXOSMITHKLINE CAP INC 06/05/ /11/2012 BUY 3133EATQ1 FEDERAL FARM CREDIT BANK /15/2014 Unknown 200, , , , , , LT /11/2013 Unknown 1,000, ,000, , , , LT 06/13/ /14/2012 BUY SR2 US TREASURY N/B /30/2014 Unknown 400, , , , , LT 06/15/ /15/2012 MTY 38146FAA9 GOLDMAN SACHS GROUP INC TLGP 06/19/ /19/2012 MTY 24424DAA7 JOHN DEERE CAPITAL CORP TLGP 06/19/ /22/2012 BUY AN8 GENERAL DYNAMICS CORP 06/26/ /27/2012 BUY 3133XSAE8 FEDERAL HOME LOAN BANK 06/29/ /29/2012 MTY JP6 FEDERAL HOME LOAN BANK NMMF_SELL BOFA CASH RESERVES- CAPTL /15/ ,000, ,000, ,046, ,000, ,000, ST /19/ , , , , , ST /01/2014 Unknown 300, , , , , , LT /18/2013 Unknown 300, , , , , , LT /29/ , , , , , ST Unknown 4,647, ,647, ,647, ,647, ,647, CE Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 7

59 Trading Activity (BACM-Contra Costa Co) 4/1/2012-6/30/2012 Page 54 Dated: 7/3/2012 Trade Date Settle Date Type Cusip/ISIN Description Coupon Maturity Broker/Dealer Orig Face Notional Price Original Cost Principal Accr Int Real G/L Comm Proceeds Class NMMF_BUY BOFA CASH RESERVES- CAPTL Unknown 6,541, ,541, ,541, ,541, ,541, CE ,369, ,692, ,480, , , Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 8

60 Transaction Detail (BACM-Contra Costa Co) 4/1/2012-6/30/2012 Page 55 Dated: 7/3/2012 Summary Cusip/ISIN Beginning Balance Ending Balance CCYUSD Cash Affecting Transactions Trade Date Settle Date Type Notional Cusip/ISIN Description Coupon Maturity Price Amount NMMF_BUY BOFA CASH RESERVES-CAPTL ,541, NMMF_SELL BOFA CASH RESERVES-CAPTL ,647, /31/ /02/2012 MMF BOFA CASH RESERVES-CAPTL , /01/ /02/2012 CPN BA9 BANK OF NEW YORK MELLON /01/ , /01/ /01/2012 MTY 500, BA9 BANK OF NEW YORK MELLON /01/ , /01/ /02/2012 CPN HGT1 JPMORGAN CHASE & CO /01/ , /04/ /04/2012 TRN --- CCYUSD US Dollar , /10/ /10/2012 MTY 600, G2L7 GENERAL ELEC CAP CORP /10/ , /10/ /10/2012 CPN G2L7 GENERAL ELEC CAP CORP /10/ , /11/ /16/2012 BUY 203, HGR5 US BANCORP /15/ , /11/ /16/2012 BUY 300, L4Q1 CATERPILLAR FINANCIAL SE /20/ , /20/ /20/2012 CPN AWK4 FANNIE MAE /20/ , /20/ /20/2012 MTY 1,000, AWK4 FANNIE MAE /20/ ,000, /24/ /27/2012 BUY 200, GT2 IBM CORP /05/ , /24/ /27/2012 BUY 250, AB0 MICROSOFT CORP /01/ , /26/ /01/2012 BUY 350, AK0 BOEING CAPITAL CORP /27/ , /30/ /30/2012 CPN A4T6 FANNIE MAE /30/ , /30/ /30/2012 CPN PD6 US TREASURY N/B /31/ , /30/ /01/2012 MMF BOFA CASH RESERVES-CAPTL , /04/ /09/2012 BUY 300, PAW4 PRAXAIR INC /15/ , /06/ /07/2012 CPN GR6 IBM CORP /06/ , /10/ /16/2012 BUY 500, EAQP6 FEDERAL FARM CREDIT BANK /16/ , /10/ /15/2012 BUY 250, HGT1 JPMORGAN CHASE & CO /01/ , /15/ /15/2012 MTY 750, KP4 US TREASURY N/B /15/ , /15/ /15/2012 CPN AK4 GENERAL DYNAMICS CORP /15/ , /15/ /15/2012 CPN KP4 US TREASURY N/B /15/ , /15/ /15/2012 CPN HGR5 US BANCORP /15/ , /15/ /15/2012 CPN PAW4 PRAXAIR INC /15/ , /15/ /15/2012 CPN MAB1 BOTTLING GROUP LLC /15/ , /16/ /16/2012 MEXP --- CCYUSD US Dollar , /18/ /18/2012 MTY 1,279, ABX9 FANNIE MAE /18/ ,279, /18/ /18/2012 CPN ABX9 FANNIE MAE /18/ , Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 9

61 Transaction Detail (BACM-Contra Costa Co) 4/1/2012-6/30/2012 Page 56 Dated: 7/3/2012 Trade Date Settle Date Type Notional Cusip/ISIN Description Coupon Maturity Price Amount 05/31/ /01/2012 MMF BOFA CASH RESERVES-CAPTL , /01/ /01/2012 CPN PCQ7 WALT DISNEY COMPANY/THE /01/ /01/ /01/2012 CPN AB0 MICROSOFT CORP /01/ , /04/ /04/2012 MTY 500, A6F49 FCAR OWNER TRUST /04/ , /05/ /08/2012 BUY 200, AA5 GLAXOSMITHKLINE CAP INC /15/ , /05/ /11/2012 BUY 1,000, EATQ1 FEDERAL FARM CREDIT BANK /11/ , /13/ /14/2012 BUY 400, SR2 US TREASURY N/B /30/ , /15/ /15/2012 MTY 1,000, FAA9 GOLDMAN SACHS GROUP INC TLGP /15/ ,000, /15/ /15/2012 CPN AW6 WALT DISNEY COMPANY/THE /15/ , /15/ /15/2012 CPN FAA9 GOLDMAN SACHS GROUP INC TLGP /15/ , /19/ /19/2012 MTY 248, DAA7 JOHN DEERE CAPITAL CORP TLGP /19/ , /19/ /19/2012 CPN DAA7 JOHN DEERE CAPITAL CORP TLGP /19/ , /19/ /22/2012 BUY 300, AN8 GENERAL DYNAMICS CORP /01/ , /20/ /20/2012 CPN L4Q1 CATERPILLAR FINANCIAL SE /20/ , /26/ /27/2012 BUY 300, XSAE8 FEDERAL HOME LOAN BANK /18/ , /27/ /27/2012 CPN G0BJ1 FANNIE MAE /27/ , /29/ /29/2012 CPN JP6 FEDERAL HOME LOAN BANK /29/ /29/ /29/2012 MTY 750, JP6 FEDERAL HOME LOAN BANK /29/ , Payable/Receivable Transactions Trade Date Settle Date Type Notional Cusip/ISIN Description Coupon Maturity Price Amount 06/30/ /02/2012 MMF BOFA CASH RESERVES-CAPTL Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 10

62 MMF Transaction Detail (BACM-Contra Costa Co) 4/1/2012-6/30/2012 Page 57 Dated: 7/3/2012 Cusip/ISIN Description Beginning Balance Ending Balance BOFA CASH RESERVES-CAPTL 13,839, ,733, Cash Affecting Transactions Trade Date Settle Date Type Notional Cusip/ISIN Ticker Description Real G/L Amount 04/02/ /02/2012 BUY 538, CPMXX BOFA CASH RESERVES-CAPTL , /04/ /04/2012 SELL 214, CPMXX BOFA CASH RESERVES-CAPTL , /10/ /10/2012 BUY 615, CPMXX BOFA CASH RESERVES-CAPTL , /16/ /16/2012 SELL 527, CPMXX BOFA CASH RESERVES-CAPTL , /20/ /20/2012 BUY 1,009, CPMXX BOFA CASH RESERVES-CAPTL ,009, /27/ /27/2012 SELL 467, CPMXX BOFA CASH RESERVES-CAPTL , /30/ /30/2012 BUY 7, CPMXX BOFA CASH RESERVES-CAPTL , /30/ /01/2012 MMF CPMXX BOFA CASH RESERVES-CAPTL , /01/ /01/2012 SELL 370, CPMXX BOFA CASH RESERVES-CAPTL , /07/ /07/2012 BUY 5, CPMXX BOFA CASH RESERVES-CAPTL , /09/ /09/2012 SELL 304, CPMXX BOFA CASH RESERVES-CAPTL , /15/ /15/2012 BUY 517, CPMXX BOFA CASH RESERVES-CAPTL , /15/ /15/2012 SELL CPMXX BOFA CASH RESERVES-CAPTL /16/ /16/2012 SELL 499, CPMXX BOFA CASH RESERVES-CAPTL , /16/ /16/2012 SELL 8, CPMXX BOFA CASH RESERVES-CAPTL , /18/ /18/2012 BUY 1,310, CPMXX BOFA CASH RESERVES-CAPTL ,310, /18/ /18/2012 SELL CPMXX BOFA CASH RESERVES-CAPTL /31/ /01/2012 MMF CPMXX BOFA CASH RESERVES-CAPTL , /01/ /01/2012 BUY 6, CPMXX BOFA CASH RESERVES-CAPTL , /04/ /04/2012 BUY 500, CPMXX BOFA CASH RESERVES-CAPTL , /08/ /08/2012 SELL 215, CPMXX BOFA CASH RESERVES-CAPTL , /11/ /11/2012 SELL 999, CPMXX BOFA CASH RESERVES-CAPTL , /14/ /14/2012 SELL 399, CPMXX BOFA CASH RESERVES-CAPTL , /15/ /15/2012 BUY 1,023, CPMXX BOFA CASH RESERVES-CAPTL ,023, /19/ /19/2012 BUY 251, CPMXX BOFA CASH RESERVES-CAPTL , /20/ /20/2012 BUY 4, CPMXX BOFA CASH RESERVES-CAPTL , /22/ /22/2012 SELL 328, CPMXX BOFA CASH RESERVES-CAPTL , /27/ /27/2012 SELL 310, CPMXX BOFA CASH RESERVES-CAPTL , /29/ /29/2012 BUY 750, CPMXX BOFA CASH RESERVES-CAPTL , ,888, Payable/Receivable Transactions Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 11

63 MMF Transaction Detail (BACM-Contra Costa Co) 4/1/2012-6/30/2012 Page 58 Dated: 7/3/2012 Trade Date Settle Date Type Notional Cusip/ISIN Ticker Description Real G/L Amount 06/30/ /02/2012 MMF CPMXX BOFA CASH RESERVES-CAPTL Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 12

64 Page 59 Disclosure BofA Global Capital Management is an asset management division of Bank of America Corporation. BofA Global Capital Management entities furnish investment management services and products for institutional and individual investors. BofA Advisors, LLC is an SEC-registered investment advisor and indirect, wholly owned subsidiary of Bank of America Corporation and is part of BofA Global Capital Management. Clearwater calculates the average credit ratings and BofA Global Capital Management assumes no responsibility for the validity or accuracy of such calculation. Average credit ratings do not reflect any investments by the accounts in shares of any money market fund that is not rated. For securities with a rating from more than one ratings agency, Clearwater applies a methodology for determining average credit ratings that may not reflect the actual rating on the security by a particular ratings agency. Please contact clientaccountinquires@clearwateranalytics.com for more information Bank of America Corporation. All rights reserved. BofA Advisors, LLC Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 13

65 Page Federal Street, Boston, MA Prepared for the exclusive use of the recipient. Distribution to any other is prohibited. This report is a snapshot appraisal that has not been audited and should not be relied on for decision making purposes without first comparing it to a statement from your custodian. 14

66 CONTRA COSTA COUNTY STATEMENT FOR PERIOD June 01, June 30, 2012 Page 61 CalTrust Short Term Fund Date Transaction Shares Price Per Share Amount Average Cost NAV Average Cost Amount Realized Gain/Loss* 05/31/2012 BALANCE FORWARD 6,225, ,375, ,207, /01/2012 INCOME DISTRIBUTION - MAY 2, , , /30/2012 UNREALIZED GAIN (LOSS) /30/2012 ENDING BALANCE 6,227, ,397, ,229, INCOME DISTRIBUTION PAID - MAY 0.00 INCOME ACCRUAL - JUNE 22, CUMULATIVE UNREALIZED GAIN (LOSS) 167, * Please note that this information should not be construed as tax advice and it is recommended that you consult with a tax professional regarding your account. For Inquiries About Your Account, Contact: Nottingham Investment Administration 116 South Franklin Street Rocky Mount, NC Attention: CalTRUST Shareholder Services Phone: Fax: caltrustsupport@ncfunds.com CONTRA COSTA COUNTY ATTN: BRICE BINS 625 COURT STREET ROOM 102 MARTINEZ CA Page 1 of 1

67 Page 62 CalTrust Short Term Fund MONTH END PORTFOLIO STATISTICS June 30, 2012 CalTrust Short Term LAIF Market Value $623,438, N/A NAV per Share $10.02 N/A Yield 0.44% 0.35% Period Total Return -0.00% N/A Period Yield Return 0.04% 0.03% Effective Duration 0.56 Yrs. Average Maturity 1.13 Yrs Yrs. Portfolio Sector Breakdown CalTrust Short Term Total Return CalTrust Short Term Yield Return LAIF Yield Return Barclay's Short-Term Index Return One Month -0.00% 0.04% 0.03% 0.02% Three Month 0.06% 0.11% 0.09% 0.07% Six Month 0.34% 0.23% 0.18% 0.16% Y-T-D 0.34% 0.23% 0.18% 0.16% One Year 0.37% 0.49% 0.38% 0.29% Two Year 0.56% 0.53% 0.42% 0.27% Three Year 0.69% 0.56% 0.49% 0.31% Five Year 1.62% 1.57% 1.62% 0.93% Since Inception 2.54% 2.50% 2.47% 0.00% Portfolio Quality Breakdown Inception date of the Portfolio - February 13, See disclosure below. Returns are Net of Fees. Rating Source - Standard & Poor's. Yield represents the 7 Day Net Distribution on investments for the period. Disclosure to Performance Information This performance information is based on an inception date of February 13, 2005, when the CalTrust Short-Term portfolio commenced investment operations according to its investment objective, and does not include any investment returns from temporary investments held before the commencement of those operations. First-month index returns, February 13-28, 2005, are intra-period and were calculated by calculating the average daily return during the month and multiplying the average daily return by number of days in the shortened period. Performance was calculated net of investment advisory and program administration fees. The Local Agency Investment Fund (LAIF) is a diversified portfolio managed by the State of California for local governments and special districts. Performance for the CalTRUST Short Term Account is on a trade date basis. LAIF?s monthly performance was calculated by taking the average monthly effective yield and dividing it by 365 then multiplying the result by the number of days in the month. Past performance is no guarantee of future results.