County of San Diego Treasurer Investment Report. MONTH ENDING July 31, 2013

County of San Diego Treasurer Investment Report MONTH ENDING July 31, 2013

Table of Contents 3 Summary Portfolio Statistics as of July 31, 2013 4 Investment Inventory with Market Value 12 Purchases/Sales/Maturities 17 Cash Flow Analysis 18 Participant Cash Balances 19 Pooled Money Fund Participants 20 Pooled Money Fund Asset Allocation 21 Pooled Money Fund Assets Credit Quality 22 Investment Policy Compliance Standards DISCLAIMER: The information provided, including all charts, tables, graphs and numerical representations, are provided to readers solely as a general overview of the economic and market conditions which the Treasurer utilizes in making investment decisions. Note: All Investments held during the month of July 2013 were in compliance with the Investment Policy dated January 1, 2013. The projected cash flows indicate sufficient liquidity to meet all scheduled expenditures for the next 6 months. 2

Summary Portfolio Statistics County of San Diego Pooled Money Fund as of July 31, 2013 Percent of Current Par/ Current Market Market Current Yield to Unrealized Portfolio WAM WAC YTM Share Book Price Value Accr Int Worst Gain/Loss Certificates of Deposit 0.93 177 177 0.22 64,613,000 64,613,000 1.000 64,613,000 2,067 0.22 0 Commercial Paper 13.31 22 22 0.12 925,000,000 924,924,902 1.000 924,844,730 0 0.12 (80,171) Fannie Mae 18.07 922 651 0.72 1,250,497,000 1,255,663,003 0.999 1,248,885,180 4,124,153 0.71 (6,777,823) Fannie Mae Discount Notes 0.86 146 146 0.14 60,000,000 59,966,288 0.999 59,951,460 0 0.14 (14,828) Federal Farm Credit Bank Discount Notes 2.16 170 170 0.18 150,000,000 149,881,111 0.998 149,721,800 0 0.18 (159,311) Federal Farm Credit Bank Notes 4.43 118 118 0.23 307,689,000 307,702,867 1.000 307,741,145 179,252 0.23 38,278 Federal Home Loan Bank Discount Notes 1.77 195 195 0.14 122,700,000 122,601,764 0.999 122,583,423 0 0.14 (18,341) Federal Home Loan Bank Notes 23.19 304 229 0.41 1,607,015,000 1,611,208,942 1.004 1,613,056,199 2,991,653 0.41 1,847,256 Federal Home Loan Mortgage Corp Discount Notes 0.72 317 317 0.16 50,000,000 49,929,778 0.998 49,920,650 0 0.16 (9,128) Federal Home Loan Mortgage Corp Notes 11.89 729 348 0.81 821,645,000 826,315,656 1.008 828,017,139 2,823,947 0.59 1,701,483 Money Market Funds 1.25 1 1 0.14 86,725,000 86,725,000 1.001 86,830,105 10,946 0.14 105,105 Negotiable CD 17.71 46 46 0.15 1,230,315,000 1,230,316,921 1.000 1,230,316,900 140,816 0.15 (21) Repurchase Agreements 0.18 1 0 0.02 12,452,893 12,452,893 1.000 12,452,893 7 0.02 0 U.S. Treasury Notes 3.53 1,037 1,037 1.18 242,000,000 245,465,914 1.017 246,030,340 1,023,749 1.18 564,426 Totals for July 2013 100.00 389 275 0.43 6,930,651,893 6,947,768,039 1.002 6,944,964,964 11,296,590 0.40 (2,803,075) Totals for June 2013 100.00 393 276 0.44 6,651,927,009 6,669,616,233 1.002 6,663,275,681 10,784,548 0.40 (6,340,552) Change From Prior Month (4) (1) (0.01) 278,724,884 278,151,806 0.000 281,689,283 512,042 0.00 3,537,477 Portfolio Effective Duration 0.840 years Fiscal Year Calendar Year July To Date To Date Return Annualized Return Annualized Return Annualized Book Value 0.035% 0.407% 0.035% 0.407% 0.247% 0.425% Market Value 0.035% 0.407% 0.035% 0.407% 0.247% 0.425% Note Yield to maturity (YTM) is the estimated rate of return on a bond given its purchase price, assuming all coupon payments are made on a timely basis and reinvested at this same rate of return to the maturity date. Yield to call (YTC) is the estimated rate of return on a bond given its purchase price, assuming all coupon payments are made on a timely basis and reinvested at this same rate of return to the call date. Yield to worst (YTW) is the lesser of yield to maturity or yield to call, reflecting the optionality of the bond issuer. Yields for the portfolio are aggregated based on the book value of each security. 3

Investment Inventory with Market Value San Diego Pooled Money Fund as of July 31, 2013 Issuer Purchase Maturity Coupon YTM Par Value Current Book Market Value Current Unrealized Date Date Accr Int Gain/Loss Certificates of Deposit CDARS Regent Bank 3/21/2013 9/19/2013 0.25 0.25 2,813,500.00 2,813,500.00 2,813,500.00 211.98 0.00 Vibra Bank 6/27/2013 12/26/2013 0.50 0.50 5,000,000.00 5,000,000.00 5,000,000.00 68.49 0.00 Ca Bank and Trust 5/20/2013 11/18/2013 0.08 0.08 10,000,000.00 10,000,000.00 10,000,000.00 244.45 0.00 Ca Bank and Trust 7/22/2013 1/21/2014 0.07 0.07 10,000,000.00 10,000,000.00 10,000,000.00 175.00 0.00 Comerica Bank 7/24/2013 1/24/2014 0.20 0.20 15,000,000.00 15,000,000.00 15,000,000.00 657.54 0.00 Torrey Pines Bank 3/29/2013 3/29/2014 0.30 0.30 20,000,000.00 20,000,000.00 20,000,000.00 493.15 0.00 Ca Bank and Trust 5/8/2013 5/8/2014 0.15 0.15 100,000.00 100,000.00 100,000.00 9.58 0.00 Vibra Bank 2/12/2013 8/12/2013 0.65 0.65 250,000.00 250,000.00 250,000.00 90.28 0.00 First California Bank 5/12/2013 5/12/2014 0.54 0.54 100,000.00 100,000.00 100,000.00 30.00 0.00 Metro United Bank 5/22/2013 8/22/2013 0.40 0.40 250,000.00 250,000.00 250,000.00 0.00 0.00 Coronado First Bank 10/24/2012 10/24/2013 0.30 0.30 250,000.00 250,000.00 250,000.00 18.49 0.00 American West Bank 3/15/2013 9/11/2013 0.20 0.20 250,000.00 250,000.00 250,000.00 23.29 0.00 Regents Bank 5/30/2013 11/28/2013 0.25 0.25 250,000.00 250,000.00 250,000.00 6.85 0.00 Pacific Trust Bank 6/20/2013 6/20/2014 0.25 0.25 250,000.00 250,000.00 250,000.00 20.55 0.00 Torrey Pines Bank 9/7/2012 9/6/2013 0.25 0.25 99,500.00 99,500.00 99,500.00 17.04 0.00 Certificates of Deposit Subtotal 0.22 0.22 64,613,000.00 64,613,000.00 64,613,000.00 2,066.69 0.00 Commercial Paper Bank of Nova Scotia 5/30/2013 8/1/2013 0.13 0.13 50,000,000.00 50,000,000.00 49,988,650.00 0.00-11,350.00 Bank of Nova Scotia 5/30/2013 8/2/2013 0.13 0.13 25,000,000.00 24,999,909.72 24,994,225.00 0.00-5,684.72 Toronto Domin Ny 6/14/2013 8/16/2013 0.15 0.15 25,000,000.00 24,998,437.50 24,993,450.00 0.00-4,987.50 Toronto Domin Ny 6/14/2013 8/30/2013 0.15 0.15 25,000,000.00 24,996,979.17 24,991,975.00 0.00-5,004.17 Bank of Nova Scotia 6/24/2013 9/18/2013 0.17 0.17 50,000,000.00 49,988,666.66 49,979,700.00 0.00-8,966.66 Toyota Motor Credit Corp. 6/25/2013 8/26/2013 0.13 0.13 50,000,000.00 49,995,486.11 49,988,800.00 0.00-6,686.11 Toronto Domin Ny 6/27/2013 9/3/2013 0.14 0.14 50,000,000.00 49,993,812.50 49,987,400.00 0.00-6,412.50 Toyota Motor Credit Corp. 6/27/2013 8/29/2013 0.13 0.13 75,000,000.00 74,992,416.67 74,982,975.00 0.00-9,441.67 Toyota Motor Credit Corp. 6/27/2013 8/30/2013 0.13 0.13 15,000,000.00 14,998,429.17 14,996,535.00 0.00-1,894.17 Union Bank of California 6/27/2013 9/3/2013 0.16 0.16 50,000,000.00 49,992,666.67 49,984,900.00 0.00-7,766.67 Toronto Domin Ny 6/27/2013 9/3/2013 0.13 0.13 25,000,000.00 24,997,020.83 24,993,700.00 0.00-3,320.83 Toronto Domin Ny 6/27/2013 9/4/2013 0.13 0.13 25,000,000.00 24,996,930.55 24,993,775.00 0.00-3,155.55 Toronto Domin Ny 6/27/2013 9/5/2013 0.13 0.13 25,000,000.00 24,996,840.28 24,993,675.00 0.00-3,165.28 4

Investment Inventory with Market Value Issuer Purchase Maturity Coupon YTM Par Value Current Book Market Value Current Unrealized Date Date Accr Int Gain/Loss Fortis/BNP Paribas Bank 7/29/2013 8/29/2013 0.14 0.14 50,000,000.00 49,994,555.55 49,993,950.00 0.00-605.55 Fortis/BNP Paribas Bank 7/30/2013 8/30/2013 0.14 0.14 150,000,000.00 149,983,083.34 149,981,850.00 0.00-1,233.34 Union Bank of California 7/30/2013 8/5/2013 0.05 0.05 60,000,000.00 59,999,666.67 59,999,520.00 0.00-146.67 Societe Generale N.A. 7/31/2013 8/1/2013 0.07 0.07 175,000,000.00 175,000,000.00 174,999,650.00 0.00-350.00 Commercial Paper Subtotal 0.12 0.12 925,000,000.00 924,924,901.39 924,844,730.00 0.00-80,171.39 FFCB Federal Farm Credit Bank 3/5/2012 8/28/2013 0.30 0.28 47,684,000.00 47,684,756.06 47,659,204.32 60,797.10-25,551.74 Federal Farm Credit Bank 7/30/2012 11/19/2013 0.25 0.27 71,855,000.00 71,850,697.89 71,889,490.40 35,927.50 38,792.51 Federal Farm Credit Bank 8/1/2012 8/1/2013 0.21 0.21 63,150,000.00 63,150,000.00 63,150,000.00 0.00 0.00 Federal Farm Credit Bank 10/10/2012 10/9/2013 0.17 0.21 50,000,000.00 49,995,955.99 49,995,950.00 26,444.44-5.99 Federal Farm Credit Bank 3/28/2013 4/30/2014 0.18 0.19 50,000,000.00 49,997,116.48 50,015,000.00 22,750.00 17,883.52 Federal Farm Credit Bank 7/9/2013 8/21/2014 0.30 0.21 25,000,000.00 25,024,340.80 25,031,500.00 33,333.33 7,159.20 FFCB Subtotal 0.23 0.23 307,689,000.00 307,702,867.22 307,741,144.72 179,252.37 38,277.50 FFCB Discount Notes Federal Farm Credit Bank 11/1/2012 11/1/2013 0.20 0.20 50,000,000.00 49,974,444.44 49,898,600.00 0.00-75,844.44 Federal Farm Credit Bank 11/5/2012 11/5/2013 0.20 0.20 50,000,000.00 49,973,333.33 49,898,600.00 0.00-74,733.33 Federal Farm Credit Bank 6/20/2013 6/17/2014 0.15 0.15 50,000,000.00 49,933,333.33 49,924,600.00 0.00-8,733.33 FFCB Discount Notes Subtotal 0.18 0.18 150,000,000.00 149,881,111.10 149,721,800.00 0.00-159,311.10 FHLB Federal Home Loan Bank 6/13/2011 3/11/2016 3.13 1.72 25,000,000.00 25,878,177.66 26,626,000.00 303,819.44 747,822.34 Federal Home Loan Bank 11/24/2008 10/18/2013 3.63 3.63 25,000,000.00 24,999,825.40 25,187,750.00 259,288.19 187,924.60 Federal Home Loan Bank 7/13/2010 6/12/2015 2.88 2.09 22,685,000.00 22,997,176.89 23,739,398.80 88,770.82 742,221.91 Federal Home Loan Bank 10/8/2010 9/11/2015 1.75 1.40 15,000,000.00 15,105,705.58 15,412,800.00 102,083.33 307,094.42 Federal Home Loan Bank 10/8/2010 9/28/2015 1.63 1.40 15,000,000.00 15,069,179.13 15,376,650.00 83,281.25 307,470.87 Federal Home Loan Bank 12/13/2010 9/13/2013 1.00 1.08 34,000,000.00 33,996,898.79 34,036,040.00 130,333.33 39,141.21 Federal Home Loan Bank 8/10/2011 6/10/2016 2.13 1.48 15,000,000.00 15,264,080.43 15,603,750.00 45,156.25 339,669.57 Federal Home Loan Bank 3/19/2012 8/20/2013 0.21 0.31 25,000,000.00 24,998,624.27 25,001,500.00 23,479.17 2,875.73 Federal Home Loan Bank 3/6/2012 8/20/2013 0.21 0.28 50,000,000.00 49,998,187.02 50,003,000.00 46,958.33 4,812.98 Federal Home Loan Bank 7/30/2012 8/14/2013 0.24 0.25 75,000,000.00 74,999,835.76 75,003,750.00 83,500.00 3,914.24 Federal Home Loan Bank 8/9/2012 8/28/2013 0.50 0.24 100,000,000.00 100,019,341.69 100,031,000.00 212,500.00 11,658.31 5

Investment Inventory with Market Value Issuer Purchase Maturity Coupon YTM Par Value Current Book Market Value Current Unrealized Date Date Accr Int Gain/Loss Federal Home Loan Bank 8/15/2012 9/6/2013 0.25 0.24 50,000,000.00 50,000,702.76 50,008,000.00 18,750.00 7,297.24 Federal Home Loan Bank 8/15/2012 8/13/2013 0.28 0.23 24,650,000.00 24,650,426.35 24,651,479.00 32,209.33 1,052.65 Federal Home Loan Bank 8/15/2012 8/15/2013 0.29 0.23 25,000,000.00 25,000,621.25 25,002,000.00 33,430.56 1,378.75 Federal Home Loan Bank 8/29/2012 8/13/2013 0.28 0.21 14,160,000.00 14,160,316.13 14,160,849.60 18,502.40 533.47 Federal Home Loan Bank 8/29/2012 8/20/2013 0.13 0.21 50,000,000.00 49,997,672.36 49,997,700.00 27,951.39 27.64 Federal Home Loan Bank 8/29/2012 8/28/2013 0.50 0.22 50,000,000.00 50,010,465.32 50,015,500.00 106,250.00 5,034.68 Federal Home Loan Bank 9/20/2012 9/8/2017 0.75 0.86 35,000,000.00 34,847,054.50 34,290,550.00 104,270.83-556,504.50 Federal Home Loan Bank 9/26/2012 9/25/2013 0.13 0.21 100,000,000.00 99,987,605.57 99,987,600.00 43,750.00-5.57 Federal Home Loan Bank 10/4/2012 10/4/2013 0.13 0.20 25,000,000.00 24,996,723.65 24,996,425.00 10,156.25-298.65 Federal Home Loan Bank 10/4/2012 9/6/2013 0.25 0.20 25,000,000.00 25,001,265.06 25,003,750.00 25,173.61 2,484.94 Federal Home Loan Bank 10/4/2012 10/4/2013 0.13 0.21 25,000,000.00 24,996,150.00 24,996,425.00 10,156.25 275.00 Federal Home Loan Bank 10/4/2012 9/12/2013 0.28 0.20 25,000,000.00 25,002,335.06 25,005,500.00 27,027.78 3,164.94 Federal Home Loan Bank 10/4/2012 10/4/2013 0.20 0.21 11,000,000.00 10,999,749.75 10,999,747.00 7,150.00-2.75 Federal Home Loan Bank 10/18/2012 10/18/2013 0.19 0.21 50,000,000.00 49,998,075.00 49,998,100.00 27,180.56 25.00 Federal Home Loan Bank 11/26/2012 12/18/2013 0.32 0.21 20,000,000.00 20,008,155.45 20,017,400.00 7,644.44 9,244.55 Federal Home Loan Bank 11/26/2012 12/18/2013 0.30 0.21 80,000,000.00 80,026,567.96 80,064,000.00 28,666.67 37,432.04 Federal Home Loan Bank 2/7/2013 1/29/2014 0.38 0.17 10,000,000.00 10,009,926.53 10,012,100.00 208.33 2,173.47 Federal Home Loan Bank 3/28/2013 6/20/2014 1.13 0.20 20,000,000.00 20,163,108.60 20,169,600.00 25,625.00 6,491.40 Federal Home Loan Bank 3/28/2013 6/18/2014 5.25 0.20 18,195,000.00 19,002,110.54 19,015,230.60 114,097.81 13,120.06 Federal Home Loan Bank 4/12/2013 9/12/2014 0.21 0.21 25,000,000.00 24,999,980.34 25,001,250.00 20,270.83 1,269.66 Federal Home Loan Bank 4/12/2013 9/26/2014 0.24 0.22 25,000,000.00 25,007,127.86 25,007,500.00 20,833.33 372.14 Federal Home Loan Bank 4/12/2013 7/2/2014 0.40 0.19 50,000,000.00 50,096,290.91 50,105,500.00 16,111.11 9,209.09 Federal Home Loan Bank 4/16/2013 8/13/2014 5.50 0.21 30,000,000.00 31,638,203.77 31,670,100.00 770,000.00 31,896.23 Federal Home Loan Bank 6/21/2013 6/13/2014 0.16 0.16 24,975,000.00 24,975,000.00 24,975,000.00 5,328.00 0.00 Federal Home Loan Bank 6/28/2013 6/26/2014 0.13 0.21 25,000,000.00 24,981,351.08 24,981,375.00 2,864.58 23.92 Federal Home Loan Bank 7/10/2013 7/10/2014 0.19 0.19 50,000,000.00 49,998,822.92 49,998,850.00 5,541.67 27.08 Federal Home Loan Bank 7/11/2013 7/11/2014 0.19 0.20 75,000,000.00 74,994,333.33 74,994,375.00 7,916.67 41.67 Federal Home Loan Bank 7/17/2013 7/17/2014 0.19 0.20 50,000,000.00 49,996,347.78 49,996,350.00 3,694.44 2.22 Federal Home Loan Bank 7/31/2013 7/25/2014 0.13 0.17 50,000,000.00 49,976,750.00 49,976,800.00 1,041.67 50.00 Federal Home Loan Bank 7/31/2013 7/25/2014 0.19 0.17 51,000,000.00 51,008,670.00 51,008,670.00 1,615.00 0.00 Federal Home Loan Bank 5/2/2013 5/2/2016 0.50 0.50 16,350,000.00 16,350,000.00 16,255,333.50 20,210.42-94,666.50 Federal Home Loan Bank 6/19/2013 12/19/2016 0.75 0.75 25,000,000.00 25,000,000.00 24,786,500.00 21,875.00-213,500.00 Federal Home Loan Bank 6/20/2013 6/20/2018 0.83 0.83 50,000,000.00 50,000,000.00 49,885,000.00 46,979.17-115,000.00 6

Investment Inventory with Market Value Issuer Purchase Maturity Coupon YTM Par Value Current Book Market Value Current Unrealized Date Date Accr Int Gain/Loss FHLB Subtotal 0.66 0.41 1,607,015,000.00 1,611,208,942.46 1,613,056,198.51 2,991,653.20 1,847,256.05 FHLB Discount Notes Federal Home Loan Bank 6/20/2013 6/17/2014 0.16 0.16 40,000,000.00 39,943,111.11 39,935,640.00 0.00-7,471.11 Federal Home Loan Bank 6/27/2013 12/11/2013 0.14 0.14 75,000,000.00 74,962,875.00 74,953,050.00 0.00-9,825.00 Federal Home Loan Bank 6/27/2013 12/20/2013 0.14 0.14 7,700,000.00 7,695,777.84 7,694,733.20 0.00-1,044.64 FHLB Discount Notes Subtotal 0.14 0.14 122,700,000.00 122,601,763.95 122,583,423.20 0.00-18,340.75 FHLMC Fed Home Loan Mortg Corp. 9/15/2010 7/28/2014 3.00 1.29 15,000,000.00 15,247,836.93 15,412,950.00 3,750.00 165,113.07 Fed Home Loan Mortg Corp. 9/4/2009 7/28/2014 3.00 2.60 20,000,000.00 20,074,597.62 20,550,600.00 5,000.00 476,002.38 Fed Home Loan Mortg Corp. 8/13/2010 2/9/2015 2.88 1.51 20,000,000.00 20,400,351.98 20,788,600.00 274,722.22 388,248.02 Fed Home Loan Mortg Corp. 10/6/2011 11/25/2014 0.75 0.76 50,000,000.00 49,992,862.71 50,352,000.00 68,750.00 359,137.29 Fed Home Loan Mortg Corp. 12/16/2011 1/19/2016 4.75 0.95 15,000,000.00 16,376,490.43 16,556,700.00 23,750.00 180,209.57 Fed Home Loan Mortg Corp. 9/26/2012 10/28/2013 0.88 0.22 50,000,000.00 50,079,287.63 50,095,000.00 113,020.83 15,712.37 Fed Home Loan Mortg Corp. 9/26/2012 10/28/2013 0.88 0.22 61,307,000.00 61,404,217.73 61,423,483.29 138,579.37 19,265.56 Fed Home Loan Mortg Corp. 10/4/2012 9/27/2013 4.13 0.20 12,565,000.00 12,641,543.27 12,644,285.15 178,527.71 2,741.88 Fed Home Loan Mortg Corp. 10/18/2012 11/1/2016 0.63 0.64 50,000,000.00 49,981,479.70 49,668,000.00 78,125.00-313,479.70 Fed Home Loan Mortg Corp. 4/12/2013 11/6/2014 2.65 0.24 25,000,000.00 25,759,543.44 25,765,250.00 156,423.61 5,706.56 Fed Home Loan Mortg Corp. 6/28/2013 7/15/2014 5.00 0.21 13,102,000.00 13,701,012.32 13,706,657.30 29,115.56 5,644.98 Fed Home Loan Mortg Corp. 7/9/2013 8/20/2014 1.00 0.20 22,816,000.00 23,007,197.69 23,007,654.40 102,038.22 456.71 Fed Home Loan Mortg Corp. 7/9/2013 7/28/2014 3.00 0.19 23,000,000.00 23,639,331.42 23,633,190.00 5,750.00-6,141.42 Fed Home Loan Mortg Corp. 2/24/2012 8/21/2015 0.63 0.69 30,945,000.00 30,903,099.93 31,014,626.24 85,958.34 111,526.31 Fed Home Loan Mortg Corp. 7/25/2012 7/25/2017 1.00 1.00 20,000,000.00 19,998,406.67 19,818,600.00 3,333.33-179,806.67 Fed Home Loan Mortg Corp. 2/13/2012 2/13/2015 0.55 0.55 50,000,000.00 50,000,000.00 50,104,000.00 128,333.33 104,000.00 Fed Home Loan Mortg Corp. 5/17/2012 3/6/2017 1.20 1.14 20,000,000.00 20,018,220.34 20,080,200.00 96,666.67 61,979.66 Fed Home Loan Mortg Corp. 12/5/2012 2/13/2015 0.55 0.42 40,000,000.00 40,051,140.19 40,083,200.00 102,666.67 32,059.81 Fed Home Loan Mortg Corp. 1/16/2013 1/23/2017 2.25 1.74 8,500,000.00 8,578,995.80 8,586,020.00 4,250.00 7,024.20 Fed Home Loan Mortg Corp. 2/11/2013 8/14/2017 2.00 1.79 40,500,000.00 40,526,149.50 40,525,920.00 375,750.00-229.50 Fed Home Loan Mortg Corp. 5/15/2013 8/8/2017 2.00 1.89 50,000,000.00 50,017,921.69 50,018,000.00 480,555.56 78.31 Fed Home Loan Mortg Corp. 5/23/2013 8/14/2017 2.00 1.90 8,910,000.00 8,915,968.82 8,915,702.40 82,665.00-266.42 Fed Home Loan Mortg Corp. 7/25/2013 10/25/2016 1.00 1.00 50,000,000.00 50,000,000.00 50,169,000.00 8,333.33 169,000.00 Fed Home Loan Mortg Corp. 3/12/2012 3/12/2015 0.65 0.65 50,000,000.00 50,000,000.00 50,145,500.00 125,486.11 145,500.00 7

Investment Inventory with Market Value Issuer Purchase Maturity Coupon YTM Par Value Current Book Market Value Current Unrealized Date Date Accr Int Gain/Loss Fed Home Loan Mortg Corp. 3/12/2012 3/12/2015 0.65 0.65 50,000,000.00 50,000,000.00 50,145,500.00 125,486.11 145,500.00 Fed Home Loan Mortg Corp. 5/29/2013 11/25/2016 0.63 0.63 25,000,000.00 25,000,000.00 24,806,500.00 26,909.72-193,500.00 FHLMC Subtotal 1.40 0.81 821,645,000.00 826,315,655.80 828,017,138.77 2,823,946.70 1,701,482.97 FHLMC Discount Notes Fed Home Loan Mortg Corp. 6/21/2013 6/13/2014 0.16 0.16 50,000,000.00 49,929,777.78 49,920,650.00 0.00-9,127.78 FHLMC Discount Notes Subtotal 0.16 0.16 50,000,000.00 49,929,777.78 49,920,650.00 0.00-9,127.78 FNMA Fed National Mortg Assoc 3/10/2011 9/23/2013 1.00 1.12 25,000,000.00 24,995,884.99 25,032,000.00 88,888.89 36,115.01 Fed National Mortg Assoc 3/10/2011 8/20/2013 1.25 1.04 60,000,000.00 60,006,671.59 60,036,000.00 335,416.67 29,328.41 Fed National Mortg Assoc 8/13/2010 4/15/2015 5.00 1.57 20,000,000.00 21,124,766.23 21,589,400.00 294,444.44 464,633.77 Fed National Mortg Assoc 11/18/2010 11/20/2014 2.63 1.23 20,000,000.00 20,352,563.11 20,633,000.00 103,541.67 280,436.89 Fed National Mortg Assoc 4/27/2011 10/8/2013 1.13 1.01 50,000,000.00 50,010,905.56 50,096,000.00 176,562.50 85,094.44 Fed National Mortg Assoc 10/6/2011 9/28/2016 1.25 1.28 20,000,000.00 19,979,188.84 20,308,600.00 85,416.67 329,411.16 Fed National Mortg Assoc 11/15/2011 11/15/2016 1.38 1.29 15,000,000.00 15,041,015.73 15,237,600.00 43,541.67 196,584.27 Fed National Mortg Assoc 1/17/2012 11/15/2016 1.38 1.10 20,000,000.00 20,174,261.91 20,316,800.00 58,055.56 142,538.09 Fed National Mortg Assoc 8/27/2012 8/20/2013 1.25 0.21 83,729,000.00 83,774,760.63 83,779,237.40 468,068.37 4,476.77 Fed National Mortg Assoc 9/20/2012 5/27/2014 1.10 0.27 25,000,000.00 25,169,270.90 25,185,000.00 48,888.89 15,729.10 Fed National Mortg Assoc 10/4/2012 10/15/2013 4.63 0.21 25,000,000.00 25,226,388.14 25,233,500.00 340,451.39 7,111.86 Fed National Mortg Assoc 11/7/2012 10/30/2014 0.63 0.30 25,000,000.00 25,101,544.53 25,126,000.00 39,496.53 24,455.47 Fed National Mortg Assoc 11/26/2012 12/18/2013 0.75 0.21 25,000,000.00 25,051,106.02 25,065,500.00 22,395.83 14,393.98 Fed National Mortg Assoc 2/7/2013 3/17/2014 1.30 0.19 25,000,000.00 25,173,723.37 25,170,000.00 120,972.22-3,723.37 Fed National Mortg Assoc 4/12/2013 10/15/2014 4.63 0.22 50,000,000.00 52,647,799.63 52,655,500.00 680,902.78 7,700.37 Fed National Mortg Assoc 6/10/2013 7/5/2016 0.38 0.63 50,000,000.00 49,630,861.54 49,478,000.00 13,541.67-152,861.54 Fed National Mortg Assoc 6/21/2013 6/27/2014 1.13 0.18 25,000,000.00 25,214,661.20 25,223,000.00 26,562.50 8,338.80 Fed National Mortg Assoc 6/28/2013 6/27/2014 1.13 0.21 50,000,000.00 50,414,628.41 50,446,000.00 53,125.00 31,371.59 Fed National Mortg Assoc 3/12/2012 3/6/2017 1.20 1.23 15,000,000.00 14,986,465.30 14,992,650.00 72,500.00 6,184.70 Fed National Mortg Assoc 5/14/2013 11/14/2016 0.55 0.56 25,000,000.00 24,995,305.56 24,729,750.00 29,409.72-265,555.56 Fed National Mortg Assoc 5/28/2013 11/14/2016 0.55 0.57 3,500,000.00 3,497,507.72 3,462,165.00 4,117.36-35,342.72 Fed National Mortg Assoc 5/28/2013 11/14/2016 0.55 0.57 7,513,000.00 7,507,650.15 7,431,784.47 8,838.21-75,865.68 Fed National Mortg Assoc 12/5/2012 6/5/2015 0.42 0.42 10,000,000.00 10,000,000.00 9,997,400.00 6,533.33-2,600.00 Fed National Mortg Assoc 3/14/2013 3/14/2017 0.75 0.75 25,000,000.00 25,000,000.00 24,812,250.00 71,354.17-187,750.00 8

Investment Inventory with Market Value Issuer Purchase Maturity Coupon YTM Par Value Current Book Market Value Current Unrealized Date Date Accr Int Gain/Loss Fed National Mortg Assoc 7/17/2012 7/17/2017 0.50 0.51 20,000,000.00 19,991,919.33 19,841,000.00 3,888.89-150,919.33 Fed National Mortg Assoc 12/27/2012 12/27/2017 0.88 0.91 35,000,000.00 34,946,031.94 34,083,000.00 28,923.61-863,031.94 Fed National Mortg Assoc 3/28/2013 3/28/2018 0.80 0.81 50,000,000.00 49,976,708.33 49,281,500.00 136,666.67-695,208.33 Fed National Mortg Assoc 4/30/2013 4/30/2018 1.00 1.01 50,000,000.00 49,983,384.72 48,585,500.00 126,388.89-1,397,884.72 Fed National Mortg Assoc 4/30/2013 4/30/2018 1.00 1.00 50,000,000.00 50,000,000.00 48,585,500.00 126,388.89-1,414,500.00 Fed National Mortg Assoc 5/16/2013 4/30/2018 1.00 1.07 25,000,000.00 24,924,560.68 24,292,750.00 63,194.44-631,810.68 Fed National Mortg Assoc 5/28/2013 4/29/2016 0.50 0.51 25,000,000.00 24,996,474.79 24,841,000.00 31,944.44-155,474.79 Fed National Mortg Assoc 7/24/2013 10/24/2016 1.00 1.00 29,000,000.00 28,997,117.35 29,049,880.00 5,638.89 52,762.65 Fed National Mortg Assoc 11/29/2012 11/29/2017 1.00 1.00 31,755,000.00 31,755,000.00 31,220,563.35 54,689.17-534,436.65 Fed National Mortg Assoc 12/18/2012 12/18/2017 0.75 0.75 60,000,000.00 60,000,000.00 59,493,600.00 53,750.00-506,400.00 Fed National Mortg Assoc 12/27/2012 12/27/2017 0.75 0.75 25,000,000.00 25,000,000.00 24,657,750.00 17,708.33-342,250.00 Fed National Mortg Assoc 2/21/2013 2/21/2018 0.83 0.83 50,000,000.00 50,000,000.00 49,196,500.00 183,333.33-803,500.00 Fed National Mortg Assoc 5/1/2013 9/13/2016 0.75 0.69 25,000,000.00 25,014,875.00 24,881,000.00 71,875.00-133,875.00 Fed National Mortg Assoc 5/22/2013 8/22/2016 0.50 0.50 25,000,000.00 25,000,000.00 24,760,000.00 23,958.33-240,000.00 Fed National Mortg Assoc 7/29/2013 7/29/2016 1.00 1.00 25,000,000.00 25,000,000.00 25,039,250.00 1,388.89 39,250.00 Fed National Mortg Assoc 7/29/2013 7/29/2016 1.00 1.00 25,000,000.00 25,000,000.00 25,039,250.00 1,388.89 39,250.00 FNMA Subtotal 1.26 0.72 1,250,497,000.00 1,255,663,003.20 1,248,885,180.22 4,124,152.70-6,777,822.98 FNMA Discount Notes Fed National Mortg Assoc 3/11/2013 1/31/2014 0.15 0.15 15,000,000.00 14,988,562.50 14,979,630.00 0.00-8,932.50 Fed National Mortg Assoc 6/27/2013 12/11/2013 0.14 0.14 45,000,000.00 44,977,725.00 44,971,830.00 0.00-5,895.00 FNMA Discount Notes Subtotal 0.14 0.14 60,000,000.00 59,966,287.50 59,951,460.00 0.00-14,827.50 Money Market Funds Caltrust 7/31/2013 8/1/2013 0.31 0.31 35,000,000.00 35,000,000.00 35,105,105.00 9,285.15 105,105.00 Black Rock 7/31/2013 8/1/2013 0.01 0.01 23,600,000.00 23,600,000.00 23,600,000.00 432.70 0.00 Morgan Stanley 7/31/2013 8/1/2013 0.04 0.04 28,125,000.00 28,125,000.00 28,125,000.00 1,228.19 0.00 Money Market Funds Subtotal 0.14 0.14 86,725,000.00 86,725,000.00 86,830,105.00 10,946.04 105,105.00 Negotiable CD Svenska Hndl NY 5/16/2013 8/8/2013 0.19 0.18 50,000,000.00 50,000,097.11 50,000,100.00 22,430.56 2.89 Bank of Montreal 6/12/2013 8/12/2013 0.14 0.14 25,000,000.00 25,000,000.00 25,000,000.00 4,861.11 0.00 Bank of Montreal 6/12/2013 8/16/2013 0.14 0.14 25,000,000.00 25,000,000.00 25,000,000.00 4,861.11 0.00 9

Investment Inventory with Market Value Issuer Purchase Maturity Coupon YTM Par Value Current Book Market Value Current Unrealized Date Date Accr Int Gain/Loss Svenska Hndl NY 6/24/2013 9/19/2013 0.19 0.18 75,000,000.00 75,001,019.94 75,000,900.01 16,572.91-119.93 Bank of Montreal 6/24/2013 9/11/2013 0.17 0.17 25,000,000.00 25,000,000.00 25,000,000.00 4,486.11 0.00 Bank of Montreal 6/24/2013 9/10/2013 0.17 0.17 25,000,000.00 25,000,000.00 25,000,000.00 4,486.11 0.00 Svenska Hndl NY 6/26/2013 9/19/2013 0.19 0.18 25,000,000.00 25,000,169.85 25,000,299.99 5,524.31 130.14 Svenska Hndl NY 6/26/2013 9/23/2013 0.18 0.18 75,000,000.00 75,000,000.00 75,000,000.00 13,500.00 0.00 BB&T Capital Markets 6/28/2013 10/1/2013 0.19 0.19 25,000,000.00 25,000,000.00 25,000,000.00 4,486.11 0.00 Union Bank of California 7/3/2013 8/2/2013 0.15 0.15 145,315,000.00 145,315,000.00 145,315,000.00 17,558.90 0.00 Bank of Montreal 7/8/2013 9/16/2013 0.14 0.14 50,000,000.00 50,000,000.00 50,000,000.00 4,666.67 0.00 Bank of Montreal 7/8/2013 9/3/2013 0.14 0.14 50,000,000.00 50,000,000.00 50,000,000.00 4,666.67 0.00 Svenska Hndl NY 7/8/2013 10/1/2013 0.19 0.18 75,000,000.00 75,000,634.32 75,000,600.00 11,947.92-34.32 Bank of Montreal 7/8/2013 8/7/2013 0.15 0.15 55,000,000.00 55,000,000.00 55,000,000.00 5,500.00 0.00 Bank of Nova Scotia 7/9/2013 10/7/2013 0.17 0.17 75,000,000.00 75,000,000.00 75,000,000.00 8,145.83 0.00 Union Bank of California 7/18/2013 10/11/2013 0.17 0.17 25,000,000.00 25,000,000.00 25,000,000.00 1,652.78 0.00 Union Bank of California 7/18/2013 10/2/2013 0.17 0.17 50,000,000.00 50,000,000.00 50,000,000.00 3,305.55 0.00 Bank of Nova Scotia 7/29/2013 9/30/2013 0.11 0.11 80,000,000.00 80,000,000.00 80,000,000.00 733.33 0.00 BB&T Capital Markets 7/30/2013 10/11/2013 0.11 0.11 100,000,000.00 100,000,000.00 100,000,000.00 611.11 0.00 Bank of Montreal 7/30/2013 9/30/2013 0.12 0.12 50,000,000.00 50,000,000.00 50,000,000.00 333.33 0.00 Bank of America 7/31/2013 8/30/2013 0.17 0.17 50,000,000.00 50,000,000.00 50,000,000.00 236.11 0.00 BB&T Capital Markets 7/31/2013 10/25/2013 0.12 0.12 75,000,000.00 75,000,000.00 75,000,000.00 250.00 0.00 Negotiable CD Subtotal 0.15 0.15 1,230,315,000.00 1,230,316,921.22 1,230,316,900.00 140,816.53-21.22 Repurchase Agreements Wells Fargo Bank NA 7/31/2013 8/1/2013 0.02 0.02 12,452,893.10 12,452,893.10 12,452,893.10 6.92 0.00 Repurchase Agreements Subtotal 0.02 0.02 12,452,893.10 12,452,893.10 12,452,893.10 6.92 0.00 US Treasury Notes U.S. Treasury Securities 10/12/2010 1/31/2015 2.25 0.90 10,000,000.00 10,197,585.68 10,303,100.00 611.41 105,514.32 U.S. Treasury Securities 4/12/2011 11/30/2015 1.38 2.17 10,000,000.00 9,824,855.10 10,224,200.00 23,292.35 399,344.90 U.S. Treasury Securities 4/3/2009 3/31/2014 1.75 1.74 15,000,000.00 15,001,088.95 15,162,900.00 88,217.21 161,811.05 U.S. Treasury Securities 4/3/2009 12/31/2013 1.50 1.63 10,000,000.00 9,994,792.27 10,058,600.00 13,043.48 63,807.73 U.S. Treasury Securities 5/27/2009 8/31/2013 3.13 1.99 10,000,000.00 10,008,851.16 10,025,000.00 130,774.46 16,148.84 U.S. Treasury Securities 9/3/2009 8/31/2014 2.38 2.26 20,000,000.00 20,023,021.80 20,477,400.00 198,777.17 454,378.20 U.S. Treasury Securities 7/14/2010 6/30/2015 1.88 1.90 15,000,000.00 14,993,228.74 15,451,800.00 24,456.52 458,571.26 10

Investment Inventory with Market Value Issuer Purchase Maturity Coupon YTM Par Value Current Book Market Value Current Unrealized Date Date Accr Int Gain/Loss U.S. Treasury Securities 12/12/2011 11/30/2016 0.88 0.87 12,000,000.00 12,000,942.94 12,044,040.00 17,786.89 43,097.06 U.S. Treasury Securities 3/12/2012 2/28/2017 0.88 0.90 15,000,000.00 14,984,801.80 15,004,650.00 54,925.27 19,848.20 U.S. Treasury Securities 6/8/2012 5/15/2017 4.50 0.73 15,000,000.00 17,097,830.21 16,978,200.00 143,070.65-119,630.21 U.S. Treasury Securities 1/7/2013 12/31/2017 0.75 0.81 15,000,000.00 14,959,472.64 14,708,250.00 9,782.61-251,222.64 U.S. Treasury Securities 4/5/2013 5/31/2016 1.75 0.35 15,000,000.00 15,588,504.03 15,500,400.00 44,467.21-88,104.03 U.S. Treasury Securities 6/7/2013 2/28/2018 0.75 0.96 15,000,000.00 14,859,882.57 14,662,499.99 47,078.81-197,382.58 U.S. Treasury Securities 9/22/2011 8/31/2016 1.00 0.86 10,000,000.00 10,042,887.81 10,103,900.00 41,847.83 61,012.19 U.S. Treasury Securities 9/22/2011 2/29/2016 2.13 0.71 10,000,000.00 10,359,569.71 10,425,000.00 88,926.63 65,430.29 U.S. Treasury Securities 10/12/2012 7/31/2017 0.50 0.66 15,000,000.00 14,907,279.49 14,681,250.00 203.80-226,029.49 U.S. Treasury Securities 6/7/2013 5/31/2018 1.00 1.01 15,000,000.00 14,994,886.01 14,760,900.01 25,409.83-233,986.00 U.S. Treasury Securities 6/7/2013 10/31/2017 1.88 0.87 15,000,000.00 15,626,433.18 15,458,250.00 71,076.77-168,183.18 U.S. Treasury Notes Subtotal 1.71 1.18 242,000,000.00 245,465,914.09 246,030,340.00 1,023,748.90 564,425.91 Grand Total 0.67 0.43 6,930,651,893.10 6,947,768,038.81 6,944,964,963.52 11,296,590.05-2,803,075.29 Note: Market Value source is Bank of New York Mellon 11

Purchases/Sales/Maturities Deal Instrument Issuer Coupon Transaction Settlement Settlement Number Type Type Amount Date 56 Money Market Funds Black Rock 0.01 Sell 75,000,000.00 7/1/2013 57 Money Market Funds Morgan Stanley 0.01 Sell 52,325,000.00 7/1/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 20,508,840.91 7/1/2013 1437 FNMA DN Fed National Mortg Assoc 0.10 Maturity 50,000,000.00 7/1/2013 1438 FNMA DN Fed National Mortg Assoc 0.10 Maturity 50,000,000.00 7/1/2013 1629 Negotiable CD BB&T Capital Markets 0.15 Maturity 50,000,000.00 7/1/2013 1757 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (99,999,722.22) 7/1/2013 1758 Money Market Funds Black Rock 0.01 Purchase (145,000,000.00) 7/1/2013 1759 Money Market Funds Morgan Stanley 0.01 Purchase (102,325,000.00) 7/1/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (1,583,015.60) 7/2/2013 1622 Commercial Paper Bank of Nova Scotia 0.15 Maturity 50,000,000.00 7/2/2013 1757 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 100,000,000.00 7/2/2013 1758 Money Market Funds Black Rock 0.01 Maturity 113,500,000.00 7/2/2013 1759 Money Market Funds Morgan Stanley 0.01 Maturity 75,000,000.00 7/2/2013 1761 Commercial Paper Deutsche Bank Securities Inc. 0.11 Purchase (309,999,052.78) 7/2/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 925,535.18 7/3/2013 1455 FHLMC CALL EURO PREM Fed Home Loan Mortg Corp. 2.25 Call 8,550,000.00 7/3/2013 1606 Commercial Paper Toronto Domin Ny 0.16 Maturity 65,000,000.00 7/3/2013 1611 Commercial Paper Toyota Motor Credit Corp. 0.15 Maturity 95,000,000.00 7/3/2013 1614 Negotiable CD BB&T Capital Markets 0.14 Maturity 45,000,000.00 7/3/2013 1619 Commercial Paper Union Bank of California 0.12 Maturity 145,000,000.00 7/3/2013 1620 Commercial Paper Bank of Nova Scotia 0.15 Maturity 50,000,000.00 7/3/2013 1630 Negotiable CD Bank of Montreal 0.15 Maturity 100,000,000.00 7/3/2013 1758 Money Market Funds Black Rock 0.01 Purchase (50,000,000.00) 7/3/2013 1759 Money Market Funds Morgan Stanley 0.01 Purchase (49,000,000.00) 7/3/2013 1761 Commercial Paper Deutsche Bank Securities Inc. 0.11 Maturity 310,000,000.00 7/3/2013 1762 Commercial Paper Deutsche Bank Securities Inc. 0.11 Purchase (99,999,388.89) 7/3/2013 1763 Commercial Paper Deutsche Bank Securities Inc. 0.11 Purchase (74,999,541.67) 7/3/2013 1764 Negotiable CD Union Bank of California 0.15 Purchase (145,315,000.00) 7/3/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 1,211,192.66 7/5/2013 1623 Commercial Paper Bank of Nova Scotia 0.15 Maturity 50,000,000.00 7/5/2013 1758 Money Market Funds Black Rock 0.01 Maturity 50,000,000.00 7/5/2013 1759 Money Market Funds Morgan Stanley 0.01 Maturity 12,800,000.00 7/5/2013 12

Purchases/Sales/Maturities Deal Instrument Issuer Coupon Transaction Settlement Settlement Number Type Type Amount Date 1762 Commercial Paper Deutsche Bank Securities Inc. 0.11 Maturity 100,000,000.00 7/5/2013 1763 Commercial Paper Deutsche Bank Securities Inc. 0.11 Maturity 75,000,000.00 7/5/2013 1765 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (284,997,625.00) 7/5/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (704,961.53) 7/8/2013 1699 Commercial Paper Union Bank of California 0.15 Maturity 55,000,000.00 7/8/2013 1753 Negotiable CD Fortis/BNP Paribas Bank 0.10 Maturity 50,000,000.00 7/8/2013 1758 Money Market Funds Black Rock 0.01 Maturity 16,400,000.00 7/8/2013 1759 Money Market Funds Morgan Stanley 0.01 Maturity 45,000,000.00 7/8/2013 1765 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 285,000,000.00 7/8/2013 1766 Negotiable CD Bank of Montreal 0.14 Purchase (50,000,000.00) 7/8/2013 1767 Negotiable CD Bank of Montreal 0.14 Purchase (50,000,000.00) 7/8/2013 1768 Negotiable CD Svenska Hndl NY 0.19 Purchase (75,003,581.81) 7/8/2013 1769 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (249,999,305.56) 7/8/2013 1770 Negotiable CD Bank of Montreal 0.15 Purchase (55,000,000.00) 7/8/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (5,293,704.47) 7/9/2013 1632 Negotiable CD Bank of Montreal 0.15 Maturity 50,000,000.00 7/9/2013 1741 Negotiable CD Fortis/BNP Paribas Bank 0.11 Maturity 100,000,000.00 7/9/2013 1758 Money Market Funds Black Rock 0.01 Purchase (45,300,000.00) 7/9/2013 1769 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 250,000,000.00 7/9/2013 1771 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (199,999,444.44) 7/9/2013 1772 Negotiable CD Bank of Nova Scotia 0.17 Purchase (75,000,000.00) 7/9/2013 1773 FHLMC Fed Home Loan Mortg Corp. 1.00 Purchase (23,106,391.35) 7/9/2013 1774 FHLMC Fed Home Loan Mortg Corp. 3.00 Purchase (23,987,313.33) 7/9/2013 1775 FFCB Federal Farm Credit Bank 0.30 Purchase (25,054,500.00) 7/9/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 3,875,672.26 7/10/2013 1650 Negotiable CD BB&T Capital Markets 0.14 Maturity 50,000,000.00 7/10/2013 1758 Money Market Funds Black Rock 0.01 Maturity 2,800,000.00 7/10/2013 1771 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 200,000,000.00 7/10/2013 1776 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (199,999,444.44) 7/10/2013 1777 FHLB Federal Home Loan Bank 0.19 Purchase (49,998,750.00) 7/10/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 1,371,262.03 7/11/2013 1758 Money Market Funds Black Rock 0.01 Maturity 16,200,000.00 7/11/2013 1776 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 200,000,000.00 7/11/2013 13

Purchases/Sales/Maturities Deal Instrument Issuer Coupon Transaction Settlement Settlement Number Type Type Amount Date 1778 FHLB Federal Home Loan Bank 0.19 Purchase (74,994,000.00) 7/11/2013 1779 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (134,999,625.00) 7/11/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 1,848,187.17 7/12/2013 1163 FNMA Fed National Mortg Assoc 3.88 Maturity 25,000,000.00 7/12/2013 1759 Money Market Funds Morgan Stanley 0.01 Maturity 13,800,000.00 7/12/2013 1779 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 135,000,000.00 7/12/2013 1780 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (214,998,208.33) 7/12/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (10,995,275.50) 7/15/2013 1758 Money Market Funds Black Rock 0.01 Maturity 200,000.00 7/15/2013 1780 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 215,000,000.00 7/15/2013 1781 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (214,999,402.78) 7/15/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 10,603,176.44 7/16/2013 1758 Money Market Funds Black Rock 0.01 Purchase (4,800,000.00) 7/16/2013 1759 Money Market Funds Morgan Stanley 0.01 Maturity 100,000.00 7/16/2013 1781 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 215,000,000.00 7/16/2013 1782 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (209,999,416.67) 7/16/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (1,678,879.25) 7/17/2013 1443 FHLMC CALL EURO PREM Fed Home Loan Mortg Corp. 2.00 Call 11,500,000.00 7/17/2013 1655 FHLMC CALL EURO PREM Fed Home Loan Mortg Corp. 2.00 Call 32,000,000.00 7/17/2013 1758 Money Market Funds Black Rock 0.01 Maturity 8,700,000.00 7/17/2013 1782 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 210,000,000.00 7/17/2013 1783 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (184,999,486.11) 7/17/2013 1784 FHLB Federal Home Loan Bank 0.19 Purchase (49,996,200.00) 7/17/2013 1785 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (19,999,944.44) 7/17/2013 1067 FFCB DN Federal Farm Credit Bank 0.20 Maturity 10,000,000.00 7/18/2013 1068 FFCB DN Federal Farm Credit Bank 0.20 Maturity 10,000,000.00 7/18/2013 1091 FHLB Federal Home Loan Bank 0.25 Maturity 50,000,000.00 7/18/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 1,043,478.71 7/18/2013 1759 Money Market Funds Morgan Stanley 0.01 Purchase (3,800,000.00) 7/18/2013 1783 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 185,000,000.00 7/18/2013 1785 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 20,000,000.00 7/18/2013 1786 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (229,999,361.11) 7/18/2013 1787 Negotiable CD Union Bank of California 0.17 Purchase (25,000,000.00) 7/18/2013 14

Purchases/Sales/Maturities Deal Instrument Issuer Coupon Transaction Settlement Settlement Number Type Type Amount Date 1788 Negotiable CD Union Bank of California 0.17 Purchase (50,000,000.00) 7/18/2013 1084 FFCB DN Federal Farm Credit Bank 0.20 Maturity 10,000,000.00 7/19/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (2,241,184.68) 7/19/2013 1759 Money Market Funds Morgan Stanley 0.01 Purchase (5,000,000.00) 7/19/2013 1786 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 230,000,000.00 7/19/2013 1789 Commercial Paper Societe Generale N.A. 0.10 Purchase (159,998,666.67) 7/19/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (1,694,058.06) 7/22/2013 1460 Coll CD 30-360 Ca Bank and Trust 0.11 Maturity 10,000,000.00 7/22/2013 1758 Money Market Funds Black Rock 0.01 Purchase (18,100,000.00) 7/22/2013 1789 Commercial Paper Societe Generale N.A. 0.10 Maturity 160,000,000.00 7/22/2013 1790 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (149,999,583.33) 7/22/2013 1814 Coll CD 30-360 Ca Bank and Trust 0.07 Purchase (10,000,000.00) 7/22/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (1,929,146.90) 7/23/2013 1758 Money Market Funds Black Rock 0.01 Maturity 13,600,000.00 7/23/2013 1790 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 150,000,000.00 7/23/2013 1791 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (139,999,611.11) 7/23/2013 1064 Coll CD ACT-365 Comerica Bank 0.50 Maturity 15,000,000.00 7/24/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 1,595,532.98 7/24/2013 1791 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 140,000,000.00 7/24/2013 1792 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (109,999,694.44) 7/24/2013 1793 FNMA CALLABLE DISC Fed National Mortg Assoc 1.00 Purchase (28,997,100.00) 7/24/2013 1808 Coll CD ACT-365 Comerica Bank 0.20 Purchase (15,000,000.00) 7/24/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 3,878,279.09 7/25/2013 1742 Negotiable CD Fortis/BNP Paribas Bank 0.15 Maturity 50,000,000.00 7/25/2013 1759 Money Market Funds Morgan Stanley 0.01 Purchase (11,100,000.00) 7/25/2013 1792 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 110,000,000.00 7/25/2013 1794 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (99,999,722.22) 7/25/2013 1795 FHLMC CALL EURO PREM Fed Home Loan Mortg Corp. 1.00 Purchase (50,000,000.00) 7/25/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 364,192.48 7/26/2013 1743 Negotiable CD Fortis/BNP Paribas Bank 0.15 Maturity 50,000,000.00 7/26/2013 1758 Money Market Funds Black Rock 0.01 Purchase (46,000,000.00) 7/26/2013 1759 Money Market Funds Morgan Stanley 0.01 Purchase (40,000,000.00) 7/26/2013 1794 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 100,000,000.00 7/26/2013 15

Purchases/Sales/Maturities Deal Instrument Issuer Coupon Transaction Settlement Settlement Number Type Type Amount Date 1796 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (99,999,166.67) 7/26/2013 73 FHLB Federal Home Loan Bank 1.00 Maturity 40,050,000.00 7/29/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 958,993.87 7/29/2013 1758 Money Market Funds Black Rock 0.01 Maturity 36,000,000.00 7/29/2013 1759 Money Market Funds Morgan Stanley 0.01 Maturity 25,000,000.00 7/29/2013 1796 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 100,000,000.00 7/29/2013 1797 Negotiable CD Bank of Nova Scotia 0.11 Purchase (80,000,000.00) 7/29/2013 1798 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (99,999,722.22) 7/29/2013 1799 Commercial Paper Fortis/BNP Paribas Bank 0.14 Purchase (49,993,972.22) 7/29/2013 1800 FNMA CALLABLE PREM Fed National Mortg Assoc 1.00 Purchase (25,000,000.00) 7/29/2013 1801 FNMA CALLABLE PREM Fed National Mortg Assoc 1.00 Purchase (25,000,000.00) 7/29/2013 1802 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (49,999,861.11) 7/29/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (5,149,241.36) 7/30/2013 1759 Money Market Funds Morgan Stanley 0.01 Maturity 11,400,000.00 7/30/2013 1798 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 100,000,000.00 7/30/2013 1802 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 50,000,000.00 7/30/2013 1803 Negotiable CD BB&T Capital Markets 0.11 Purchase (100,000,000.00) 7/30/2013 1804 Commercial Paper Deutsche Bank Securities Inc. 0.10 Purchase (199,999,444.44) 7/30/2013 1805 Commercial Paper Fortis/BNP Paribas Bank 0.14 Purchase (149,981,916.67) 7/30/2013 1806 Commercial Paper Union Bank of California 0.05 Purchase (59,999,500.00) 7/30/2013 1807 Negotiable CD Bank of Montreal 0.12 Purchase (50,000,000.00) 7/30/2013 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (7,208,760.91) 7/31/2013 1661 Negotiable CD BB&T Capital Markets 0.13 Maturity 50,000,000.00 7/31/2013 1682 Commercial Paper Bank of Nova Scotia 0.13 Maturity 25,000,000.00 7/31/2013 1758 Money Market Funds Black Rock 0.01 Maturity 28,200,000.00 7/31/2013 1804 Commercial Paper Deutsche Bank Securities Inc. 0.10 Maturity 200,000,000.00 7/31/2013 1809 Commercial Paper Societe Generale N.A. 0.07 Purchase (174,999,659.72) 7/31/2013 1810 Negotiable CD Bank of America 0.17 Purchase (50,000,000.00) 7/31/2013 1811 Negotiable CD BB&T Capital Markets 0.12 Purchase (75,000,000.00) 7/31/2013 1812 FHLB Federal Home Loan Bank 0.13 Purchase (49,977,791.67) 7/31/2013 1813 FHLB Federal Home Loan Bank 0.19 Purchase (51,010,285.00) 7/31/2013 Grand Total (279,994,287.90) 16

Cash Flow Analysis San Diego Pooled Money Fund as of July 31, 2013 ($000) Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Beginning Pool Book Balance 6,669,616 6,930,652 6,309,232 5,893,863 5,621,254 5,797,331 6,558,418 MAIN CASH FLOW ITEMS INFLOWS: Reverse Repos 0 0 0 0 0 0 0 Interest Income On Pool 2,645 2,595 2,800 4,500 2,325 3,000 3,000 Taxes Collected 51,231 60,000 30,000 320,000 645,000 1,550,000 140,000 School Deposits 1,532,706 213,170 259,000 117,839 245,000 240,000 280,000 County Deposits 289,128 250,800 172,500 235,000 221,782 192,457 225,000 Retirement 81,403 0 0 0 0 0 0 Voluntaries 103,971 0 0 1,800 0 0 0 Maturities/Sales Outside Pool 32,839 0 0 0 0 0 0 2,093,923 526,565 464,300 679,139 1,114,107 1,985,457 648,000 OUTFLOWS: Schools 922,573 794,162 570,890 618,813 568,000 665,000 715,000 County 483,528 296,260 257,600 273,500 309,000 249,195 313,000 Retirement 388,669 7,500 7,000 7,500 7,000 7,000 7,000 Voluntaries 9,839 36,063 33,679 39,435 14,030 18,175 15,000 Tax Apportionment 7,774 14,000 10,500 12,500 40,000 285,000 440,000 Reverse Repos 0 0 0 0 0 0 0 Purchases/ Purchases Outside of Pool 30,000 0 0 0 0 0 0 1,842,383 1,147,985 879,669 951,748 938,030 1,224,370 1,490,000 TOTAL 251,540 (621,420) (415,369) (272,609) 176,077 761,087 (842,000) PROJECTED/ACTUAL MONTH END POOL BALANCE 6,930,652 6,309,232 5,893,863 5,621,254 5,797,331 6,558,418 5,716,418 LIQUIDITY PROJECTIONS INCREASE / DECREASE DUE TO INVESTMENT ACTIVITY Maturities 2,633,000 1,061,555 647,557 206,885 257,700 50,000 Sales/Calls 0 0 0 0 0 0 Investments Purchased 325,000 110,500 25,250 0 0 25,000 2,958,000 1,172,055 672,807 206,885 257,700 75,000 Net Main Cash Flow (see above) 251,540 (621,420) (415,369) (272,609) 176,077 761,087 (842,000) PROJECTED/ACTUAL MONTH END LIQUIDITY 99,177 2,435,757 3,192,443 3,592,641 3,975,603 4,994,390 4,227,390 Note: The above is not meant to be a complete Cash Flow Statement. The data represents a subset of the main cash flow items and does not include accrued interest or other adjustment items. 17

Participant Cash Balances San Diego Pooled Money Fund as of July 31, 2013 ($000) FMV FMV FMV % of FMV FMV FMV % of PARTICIPANT 05/31/13 06/30/13 07/31/13 Total PARTICIPANT 05/31/13 06/30/13 07/31/13 Total COUNTY $ 889,082 $ 618,878 $ 685,863 9.88% Metropolitan Transit System 5,180 4,644 4,505 COUNTY - SPECIAL TRUST FUNDS 1,694,218 1,775,882 1,339,232 19.28% Majestic Pines CSD 9 9 0 0.00% NON-COUNTY INVESTMENT FUNDS 328,818 268,393 256,445 3.69% Mission Resource Conservation District 413 414 416 0.01% SCHOOLS - (K THRU 12) 2,686,316 2,864,716 3,091,793 44.52% North County Cemetery District 1,367 1,397 1,424 0.02% North County Cemetry Perpetual 1,442 1,445 1,460 0.02% COMMUNITY COLLEGES North County Cemetery 1,297 1,531 1,485 0.02% San Diego 157,701 156,549 554,235 7.98% North County Dispatch 2,449 2,161 1,587 0.02% Grossmont 27,418 36,488 45,376 0.65% North County Fire 3,625 2,217 2,206 0.03% Mira Costa 38,460 27,982 28,098 0.41% Otay Water District Investment 20,092 19,983 20,102 0.29% Palomar 154,923 164,320 156,887 2.26% Palomar Resource Conservation District 0 0 0 0.00% Southwestern 158,846 165,597 180,743 2.60% Pine Valley FPD 395 415 393 0.01% Total Community Colleges 537,348 550,935 965,338 13.90% Pomerado Cem Perpetual 5 7 12 0.00% Pomerado Cemetery District 1,502 1,574 1,539 0.02% SDCERA 3,991 4,167 4,383 0.06% Ramona Cemetery District 621 616 619 0.01% SANCAL 55,341 53,147 72,687 1.05% Ramona Cemetery Perpetual 340 338 346 0.00% MTDB 700 696 701 0.01% Rancho Santa Fe FPD 12,302 11,723 11,041 0.16% SANDAG 105,973 105,400 106,031 1.53% San Diego Housing Commission 2,378 2,365 2,379 0.03% San Diego Rural Fire 0 0 8 0.00% CITIES San Dieguito River -123-189 0 0.00% Chula Vista 39,031 38,820 39,052 0.56% San Marcos FPD 1 1 1 0.00% Del Mar 3,011 2,995 3,012 0.04% San Miguel FPD 7,918 5,527 6,036 0.09% Encinitas 2 2 2 0.00% San Ysidro Sanitation 13 13 13 0.00% National City 4,995 4,968 4,998 0.07% Santa Fe Irrigation District 3,994 3,973 4,892 0.07% SDC Regional Airport Authority 262,236 254,778 256,309 3.69% INDEPENDENT AGENCIES 0.02% So County OPS Center 0 0 0 0.00% Alpine FPD 1,617 1,439 1,118 0.06% Spring Valley/Casa de Oro 2,534 0 0 0.00% Bonita Sunnyside FPD 4,730 4,441 4,159 0.02% Upper San Luis Rey Reservoir 12 13 13 0.00% Borrego Springs FPD 1,434 1,465 1,346 0.10% Vallecitos Water District 5,048 5,021 5,051 0.07% Deer Springs FPD 7,302 6,655 6,657 0.00% Valley Center FPD 4,264 3,980 3,996 0.06% Fallbrook Public Utl 14 14 14 0.01% Valley Cntr Cemetery 81 75 65 0.00% Public Agency Self Insurance System 446 443 446 0.00% Valley Ctr Cem Perpetual 223 223 225 0.00% Julian-Cuyamaca FPD 174 202 205 0.01% Valley Ctr Water District 11,062 12,414 13,051 0.19% Lake Cuyamaca Rec & Park 372 358 350 0.12% Vista FPD 2,092 2,081 2,095 0.03% Lakeside Fire 9,052 8,873 8,149 0.16% Total Independent Agencies 602,627 584,472 606,293 8.73% Leucadia Water District 11,288 11,227 11,294 0.01% Lower Sweetwater FPD 383 414 416 0.06% Pooled Money Fund Total $ 6,738,408 $ 6,663,276 $ 6,944,964 100.00% 18

Pooled Money Fund Participants San Diego Pooled Money Fund as of July 31, 2013 Community Colleges 13.90% County Funds 29.16% Non County Funds 3.69% Schools 44.52% Voluntary Depositors 8.73% County Funds Non County Funds Voluntary Depositors Schools Community Colleges 19

Pooled Money Fund - Asset Allocation San Diego Pooled Money Fund as of July 31, 2013 Money Market Funds 1.25% Negotiable CD 17.71% Repurchase Agreements 0.18% U.S. Treasury Notes 3.53% FDIC CDs 0.93% Commercial Paper 13.31% Federal Agency 63.09% FDIC CDs Commercial Paper Federal Agency Money Market Funds Negotiable CD Repurchase Agreements U.S. Treasury Notes 20

Pooled Money Fund Assets - Credit Quality San Diego Pooled Money Fund as of July 31, 2013 A- 1, 18.36% AAA, 1.34% AA+, 51.69% AAA AA+ AA A- 1+ A- 1 A- 1+, 28.10% AA, 0.51% 21

Investment Policy Compliance Standards San Diego Pooled Money Fund as of July 31, 2013 Category Standard Comment Treasury Issues No Limit; 5% per issue Complies - 3.5% Agency Issues 5% per issue, 35% per issuer Complies - 63.1% Local Agency Obligations 5% per issue, 10% per issuer; 15% max.; SP-1/A or MIG1/A or F1/A minimum rating Complies Banker s Acceptances 2.5% per issue, 5% per issuer; 40% max.; A-1 or P-1 or F1 minimum rating Complies Commercial Paper 2.5% per issue>5 days; 5% per issue <5 days; 5% per issuer maximum; 40% max.; A-1 or P-1 or F1 Complies - 13.4% minimum rating Medium Term Notes 2.5% per issue, 5% per issuer; 30% max.; A-1/A or P-1/A or F1/ A minimum rating Complies Negotiable Certificates of Deposit 2.5% per issue, 5% per issuer; 30% max.; A-1/A or P-1/A or F1/ A minimum rating Complies - 17.7% Repurchase Agreements 1-year maximum maturity; 10% per issue>5 days; 15% per issue <5 days; 10% per issuer>6 days; 15% Complies - 0.2% per issuer <6 days; 40% maximum Reverse Repurchase Agreements 92-day maximum maturity; 5% per issue; 10% per issuer; 20% maximum combined with Securities N/A Lending Collateralized Certificates of Deposit 1-year maximum maturity; 10% max.; 110% collateral required Complies - 0.9% Covered Call Option/ Put Option 90-day maximum maturity;10% maximum N/A Money Market Mutual Funds 10% per fund; 15% maximum; AAAm, or Aaa-mf, or AAAmmf minimum rating Complies - 0.7% Investment Trust of California - Cal Trust 2.5% maximum Complies - 0.5% Pass-Through Securities Non-mortgaged backed; 2.5% per issue, 5% per issuer; 20% max.; A-rated issuer; A-1/AA or P-1/Aa or Complies F1/AA minimum issue rating Maximum maturity 5 years Complies Illiquidity Limitations 20% maximum for combined categories for Local Agency Obligations and Collateralized CDs Complies Maximum Issuer Exposure 10% per issuer combined (5%per any asset category, exclusive of Treasury, Agency, and Repurchase Complies Agreements) Maturity Policy - Portfolio Structure Minimum 25% 90 days; and minimum 50% 1 year; maximum effective duration for portfolio 1.5 years Complies Prohibited Securities Inverse floaters; Ranges notes, Interest-only strips from mortgaged backed securities; Zero interest accrual Complies securities Credit Rating Policy - monitoring ratings Overall credit rating of AAAf / S1, by Standard & Poors Complies Securities Lending 92-day maximum maturity; 5% per loan; 10% per counterparty; 20% maximum combined with Reverse Repurchase Agreements N/A 22