County of San Diego Treasurer Investment Report. MONTH ENDING August 31, 2015

County of San Diego Treasurer Investment Report MONTH ENDING August 31, 2015

Table of Contents 3 Summary Portfolio Statistics as of August 31, 2015 4 Investment Inventory with Market Value 11 Purchases/Sales/Maturities 15 Cash Flow Analysis 16 Participant Cash Balances 17 Pooled Money Fund Participants 18 Pooled Money Fund Asset Allocation 19 Pooled Money Fund Assets Credit Quality 20 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 August 2015 were in compliance with the Investment Policy dated January 1, 2015. 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 August 31, 2015 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 1.31 130 130 0.23 84,363,000 84,363,000 1.000 84,363,000 3,062 0.23 0 Commercial Paper 28.02 57 57 0.26 1,806,000,000 1,804,879,845 0.999 1,803,943,300 0 0.26 (936,545) Fannie Mae 11.67 748 671 0.94 750,668,000 751,815,952 1.003 752,647,602 2,299,989 0.94 831,650 Federal Farm Credit Bank Notes 3.80 372 286 0.50 245,000,000 244,813,369 0.999 244,729,500 251,415 0.50 (83,869) Federal Home Loan Bank Notes 16.60 423 317 0.64 1,068,050,000 1,069,316,393 1.001 1,069,605,165 2,065,865 0.59 288,772 Federal Home Loan Mortgage Corp 7.03 859 508 1.07 451,000,000 452,771,429 1.006 453,575,700 1,362,135 1.07 804,271 Money Market Funds 1.99 1 1 0.16 128,422,000 128,422,000 1.001 128,527,000 17,739 0.16 105,000 Negotiable CD 20.34 81 81 0.34 1,310,000,000 1,310,005,438 1.000 1,310,000,000 1,094,239 0.34 (5,438) Repurchase Agreements 0.01 1 0.01 639,084 639,084 1.000 639,084 0 0.01 0 Supranational 2.72 902 693 1.08 175,000,000 174,917,478 1.000 174,995,000 529,097 1.08 77,522 U.S. Treasury Notes 6.51 953 953 1.15 417,000,000 419,394,380 1.010 421,091,400 1,258,610 1.15 1,697,020 Totals for August 2015 100.00 353 288 0.56 6,436,142,084 6,441,338,368 1.001 6,444,116,751 8,882,151 0.56 2,778,383 Totals for July 2015 100.00 356 280 0.53 7,039,349,962 7,044,833,901 1.001 7,049,685,826 7,529,438 0.52 4,851,925 Change From Prior Month (3) 8 0.03 (603,207,878) (603,495,533) (0.000) (605,569,075) 1,352,713 0.04 (2,073,542) Portfolio Effective Duration 0.80 years Fiscal Year Calendar Year August To Date To Date Return Annualized Return Annualized Return Annualized Book Value 0.051% 0.597% 0.100% 0.589% 0.350% 0.526% Market Value 0.051% 0.596% 0.100% 0.589% 0.348% 0.523% 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 August 31, 2015 Issuer Purchase Maturity Coupon YTM Par Value Current Book Market Value Current Unrealized Date Date Accr Int Gain/Loss Certificates of Deposit Torrey Pines Bank 9/5/2014 9/4/2015 0.30 0.30 99,500.00 99,500.00 99,500.00 22.09 0.00 CDARS Regent Bank 3/19/2015 9/17/2015 0.12 0.12 2,813,500.00 2,813,500.00 2,813,500.00 120.25 0.00 CDARS SD Private Bank 10/23/2014 10/22/2015 0.25 0.25 5,000,000.00 5,000,000.00 5,000,000.00 34.25 0.00 Comerica Bank 1/26/2015 10/23/2015 0.20 0.20 15,000,000.00 15,000,000.00 15,000,000.00 739.73 0.00 SD Private Bank 10/24/2014 10/24/2015 0.30 0.30 250,000.00 250,000.00 250,000.00 16.44 0.00 CA Bank and Trust 5/18/2015 11/16/2015 0.16 0.16 10,000,000.00 10,000,000.00 10,000,000.00 577.78 0.00 Regents Bank 5/28/2015 11/24/2015 0.20 0.20 250,000.00 250,000.00 250,000.00 10.96 0.00 Pacific Western Bank SD 5/12/2015 12/14/2015 0.50 0.50 100,000.00 100,000.00 100,000.00 27.78 0.00 American West Bank 6/20/2015 12/23/2015 0.20 0.20 250,000.00 250,000.00 250,000.00 16.44 0.00 Pacific Commerce Bank 6/25/2015 12/24/2015 0.25 0.25 5,000,000.00 5,000,000.00 5,000,000.00 34.25 0.00 CA Bank and Trust 7/20/2015 1/19/2016 0.16 0.16 10,000,000.00 10,000,000.00 10,000,000.00 488.89 0.00 East West Bank 8/14/2015 2/10/2016 0.29 0.29 250,000.00 250,000.00 250,000.00 36.25 0.00 Pacific Commerce Bank 8/12/2015 2/12/2016 0.25 0.25 250,000.00 250,000.00 250,000.00 34.72 0.00 Bank of California 8/28/2015 2/29/2016 0.24 0.24 15,000,000.00 15,000,000.00 15,000,000.00 394.52 0.00 Torrey Pines Bank 3/29/2015 3/26/2016 0.30 0.30 20,000,000.00 20,000,000.00 20,000,000.00 493.15 0.00 CA Bank and Trust 5/8/2015 5/9/2016 0.23 0.23 100,000.00 100,000.00 100,000.00 14.70 0.00 Certificates of Deposit Subtotal 0.23 0.23 84,363,000.00 84,363,000.00 84,363,000.00 3,062.20 0.00 Commercial Paper Natixis US Finance Co. 8/31/2015 9/1/2015 0.07 0.07 255,000,000.00 255,000,000.00 254,992,562.72 0.00-7,437.28 UBS Finance 12/12/2014 9/4/2015 0.35 0.35 75,000,000.00 74,997,812.50 74,991,237.47 0.00-6,575.03 Mitsubishi UFJ Financial Group, Inc. 8/11/2015 9/11/2015 0.12 0.12 55,000,000.00 54,998,166.67 54,994,500.00 0.00-3,666.67 Fortis/BNP Paribas Bank 8/11/2015 9/11/2015 0.15 0.15 80,000,000.00 79,996,666.67 79,989,600.00 0.00-7,066.67 Fortis/BNP Paribas Bank 8/19/2015 9/16/2015 0.15 0.15 30,000,000.00 29,998,125.00 29,997,000.00 0.00-1,125.00 Mitsubishi UFJ Financial Group, Inc. 8/19/2015 9/18/2015 0.15 0.15 25,000,000.00 24,998,229.17 24,997,500.00 0.00-729.17 Fortis/BNP Paribas Bank 8/20/2015 9/18/2015 0.17 0.17 181,000,000.00 180,985,469.72 180,981,900.00 0.00-3,569.72 General Elec Capital Corp. 3/24/2015 9/21/2015 0.27 0.27 25,000,000.00 24,996,250.00 24,965,000.00 0.00-31,250.00 Toyota Motor Credit Corp. 4/6/2015 9/29/2015 0.23 0.23 40,000,000.00 39,992,844.44 39,956,000.00 0.00-36,844.44 General Elec Capital Corp. 5/27/2015 9/30/2015 0.18 0.18 75,000,000.00 74,989,125.00 74,955,000.00 0.00-34,125.00 General Elec Capital Corp. 6/2/2015 9/30/2015 0.20 0.20 75,000,000.00 74,987,916.67 74,955,000.00 0.00-32,916.67 Rabobank Nederland 4/9/2015 10/9/2015 0.26 0.26 50,000,000.00 49,986,277.78 49,935,000.00 0.00-51,277.78 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 Mitsubishi UFJ Financial Group, Inc. 4/10/2015 10/13/2015 0.27 0.27 25,000,000.00 24,992,125.00 24,965,000.00 0.00-27,125.00 Mitsubishi UFJ Financial Group, Inc. 4/10/2015 10/14/2015 0.27 0.27 25,000,000.00 24,991,937.50 24,965,000.00 0.00-26,937.50 Mitsubishi UFJ Financial Group, Inc. 4/10/2015 10/15/2015 0.27 0.27 25,000,000.00 24,991,750.00 24,965,000.00 0.00-26,750.00 Rabobank Nederland 4/10/2015 10/19/2015 0.27 0.27 35,000,000.00 34,987,400.00 34,951,000.00 0.00-36,400.00 General Elec Capital Corp. 4/8/2015 10/26/2015 0.27 0.27 50,000,000.00 49,979,375.00 49,925,000.00 0.00-54,375.00 Rabobank Nederland 4/8/2015 10/30/2015 0.28 0.28 100,000,000.00 99,954,111.11 99,840,000.00 0.00-114,111.11 Rabobank Nederland 4/16/2015 10/30/2015 0.30 0.30 40,000,000.00 39,980,661.11 39,936,000.00 0.00-44,661.11 Mitsubishi UFJ Financial Group, Inc. 5/5/2015 11/5/2015 0.32 0.32 45,000,000.00 44,974,000.00 44,928,000.00 0.00-46,000.00 Toyota Motor Credit Corp. 4/10/2015 11/6/2015 0.28 0.28 45,000,000.00 44,976,900.00 44,928,000.00 0.00-48,900.00 General Elec Capital Corp. 7/29/2015 12/18/2015 0.25 0.25 75,000,000.00 74,943,750.00 74,925,000.00 0.00-18,750.00 HSBC Finance Corp. 6/23/2015 1/4/2016 0.40 0.40 50,000,000.00 49,931,423.61 49,895,000.00 0.00-36,423.61 JP Morgan 6/10/2015 1/6/2016 0.48 0.48 50,000,000.00 49,915,333.33 49,860,000.00 0.00-55,333.33 Credit Suisse Securities (USA) LLC 6/26/2015 1/15/2016 0.48 0.48 50,000,000.00 49,909,333.34 49,865,000.00 0.00-44,333.34 Credit Suisse Securities (USA) LLC 6/26/2015 1/29/2016 0.48 0.48 50,000,000.00 49,900,000.00 49,855,000.00 0.00-45,000.00 JP Morgan 6/30/2015 2/2/2016 0.48 0.48 50,000,000.00 49,897,333.33 49,855,000.00 0.00-42,333.33 Credit Suisse Securities (USA) LLC 6/26/2015 2/12/2016 0.53 0.53 50,000,000.00 49,879,277.78 49,830,000.00 0.00-49,277.78 JP Morgan 8/28/2015 3/31/2016 0.57 0.57 75,000,000.00 74,748,250.00 74,745,000.00 0.00-3,250.00 Commercial Paper Subtotal 0.26 0.26 1,806,000,000.00 1,804,879,844.73 1,803,943,300.19 0.00-936,544.54 FNMA Fed National Mortg Assoc 6/10/2013 7/5/2016 0.38 0.63 50,000,000.00 49,893,531.22 49,970,000.00 29,166.67 76,468.78 Fed National Mortg Assoc 2/26/2014 7/5/2016 0.38 0.45 15,000,000.00 14,990,654.42 14,991,000.00 8,750.00 345.58 Fed National Mortg Assoc 5/5/2015 7/15/2016 5.38 0.42 32,900,000.00 34,315,484.40 34,317,990.00 225,959.03 2,505.60 Fed National Mortg Assoc 5/22/2013 8/22/2016 0.50 0.50 25,000,000.00 25,000,000.00 24,957,500.00 34,375.00-42,500.00 Fed National Mortg Assoc 10/6/2011 9/28/2016 1.25 1.28 20,000,000.00 19,992,916.52 20,146,000.00 106,250.00 153,083.48 Fed National Mortg Assoc 5/14/2013 11/14/2016 0.55 0.56 25,000,000.00 24,998,281.75 24,995,000.00 40,868.06-3,281.75 Fed National Mortg Assoc 5/28/2013 11/14/2016 0.55 0.57 3,500,000.00 3,499,087.78 3,499,300.00 5,721.53 212.22 Fed National Mortg Assoc 5/28/2013 11/14/2016 0.55 0.57 7,513,000.00 7,511,041.86 7,511,497.40 12,281.67 455.54 Fed National Mortg Assoc 11/15/2011 11/15/2016 1.38 1.29 15,000,000.00 15,015,034.48 15,141,000.00 60,729.17 125,965.52 Fed National Mortg Assoc 1/17/2012 11/15/2016 1.38 1.10 20,000,000.00 20,063,876.41 20,188,000.00 80,972.22 124,123.59 Fed National Mortg Assoc 3/14/2013 3/14/2017 0.75 0.75 25,000,000.00 25,000,000.00 24,992,500.00 86,979.17-7,500.00 Fed National Mortg Assoc 3/10/2014 4/20/2017 0.75 0.86 50,000,000.00 49,908,231.70 50,045,000.00 136,458.33 136,768.30 Fed National Mortg Assoc 11/27/2013 10/26/2017 0.88 1.07 40,000,000.00 39,834,989.35 40,040,000.00 121,527.78 205,010.65 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 Fed National Mortg Assoc 11/29/2012 11/29/2017 1.00 1.00 31,755,000.00 31,755,000.00 31,688,314.50 81,151.67-66,685.50 Fed National Mortg Assoc 12/18/2014 12/18/2017 0.85 0.85 60,000,000.00 60,000,000.00 60,018,000.00 103,416.67 18,000.00 Fed National Mortg Assoc 12/27/2012 12/27/2017 0.88 0.91 35,000,000.00 34,971,552.78 34,937,000.00 54,444.44-34,552.78 Fed National Mortg Assoc 12/27/2012 12/27/2017 0.75 0.75 25,000,000.00 25,000,000.00 25,012,500.00 33,333.33 12,500.00 Fed National Mortg Assoc 3/28/2013 3/28/2018 0.80 0.81 50,000,000.00 49,987,125.00 49,865,000.00 170,000.00-122,125.00 Fed National Mortg Assoc 4/30/2013 4/30/2018 1.00 1.01 50,000,000.00 49,990,676.39 49,680,000.00 168,055.56-310,676.39 Fed National Mortg Assoc 4/30/2013 4/30/2018 1.00 1.00 50,000,000.00 50,000,000.00 49,680,000.00 168,055.56-320,000.00 Fed National Mortg Assoc 5/16/2013 4/30/2018 1.00 1.07 25,000,000.00 24,957,667.46 24,840,000.00 84,027.78-117,667.46 Fed National Mortg Assoc 1/22/2014 5/21/2018 0.88 1.53 15,000,000.00 14,742,113.53 14,907,000.00 36,458.33 164,886.47 Fed National Mortg Assoc 1/21/2014 9/18/2018 1.88 1.65 30,000,000.00 30,194,477.10 30,615,000.00 254,687.50 420,522.90 Fed National Mortg Assoc 1/21/2014 11/27/2018 1.63 1.73 30,000,000.00 29,904,235.74 30,378,000.00 127,291.67 473,764.26 Fed National Mortg Assoc 7/8/2015 6/20/2019 1.75 1.36 20,000,000.00 20,289,973.84 20,232,000.00 69,027.78-57,973.84 FNMA Subtotal 1.14 0.94 750,668,000.00 751,815,951.73 752,647,601.90 2,299,988.92 831,650.17 FFCB Federal Farm Credit Bank 3/4/2015 3/4/2016 0.28 0.32 50,000,000.00 49,991,104.17 49,985,000.00 68,833.33-6,104.17 Federal Farm Credit Bank 3/26/2015 3/24/2016 0.32 0.32 100,000,000.00 99,822,264.74 99,850,000.00 0.00 27,735.26 Federal Farm Credit Bank 4/24/2015 6/24/2016 0.35 0.35 50,000,000.00 50,000,000.00 49,980,000.00 32,569.44-20,000.00 Federal Farm Credit Bank 2/20/2015 2/20/2018 1.11 1.11 20,000,000.00 20,000,000.00 20,042,000.00 6,783.33 42,000.00 Federal Farm Credit Bank 4/10/2015 10/1/2018 1.38 1.37 25,000,000.00 25,000,000.00 24,872,500.00 143,229.17-127,500.00 FFCB Subtotal 0.49 0.50 245,000,000.00 244,813,368.91 244,729,500.00 251,415.27-83,868.91 FHLB Federal Home Loan Bank 10/8/2010 9/11/2015 1.75 1.40 15,000,000.00 15,001,390.86 15,007,500.00 123,958.33 6,109.14 Federal Home Loan Bank 10/8/2010 9/28/2015 1.63 1.40 15,000,000.00 15,002,403.91 15,010,500.00 103,593.75 8,096.09 Federal Home Loan Bank 11/28/2014 11/27/2015 0.20 0.20 100,000,000.00 100,000,000.00 100,020,000.00 52,222.22 20,000.00 Federal Home Loan Bank 12/1/2014 12/1/2015 0.13 0.22 50,000,000.00 49,988,400.00 50,000,000.00 15,625.00 11,600.00 Federal Home Loan Bank 12/9/2014 12/9/2015 0.21 0.21 25,000,000.00 25,000,000.00 25,002,500.00 11,958.33 2,500.00 Federal Home Loan Bank 2/26/2014 12/11/2015 1.38 0.30 25,000,000.00 25,074,457.36 25,082,500.00 76,388.89 8,042.64 Federal Home Loan Bank 6/13/2011 3/11/2016 3.13 1.72 25,000,000.00 25,177,504.00 25,367,500.00 368,923.61 189,996.00 Federal Home Loan Bank 3/23/2015 3/11/2016 0.25 0.34 50,000,000.00 49,977,505.75 49,985,000.00 59,027.78 7,494.25 Federal Home Loan Bank 3/27/2015 3/23/2016 0.25 0.33 25,050,000.00 25,039,339.68 25,032,465.00 27,485.42-6,874.68 Federal Home Loan Bank 4/1/2015 4/1/2016 0.32 0.32 50,000,000.00 50,000,000.00 50,000,000.00 66,666.67 0.00 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 Federal Home Loan Bank 5/6/2015 5/24/2016 0.35 0.35 25,000,000.00 25,000,000.00 24,987,500.00 27,951.39-12,500.00 Federal Home Loan Bank 5/6/2015 5/24/2016 0.35 0.35 25,000,000.00 25,000,000.00 24,987,500.00 27,951.39-12,500.00 Federal Home Loan Bank 8/10/2011 6/10/2016 2.13 1.48 15,000,000.00 15,071,601.98 15,201,000.00 71,718.75 129,398.02 Federal Home Loan Bank 4/9/2015 6/10/2016 2.13 0.35 25,000,000.00 25,343,779.69 25,335,000.00 119,531.25-8,779.69 Federal Home Loan Bank 6/17/2015 6/17/2016 0.35 0.35 50,000,000.00 50,000,000.00 49,960,000.00 35,972.22-40,000.00 Federal Home Loan Bank 6/17/2015 6/17/2016 0.35 0.35 25,000,000.00 25,000,000.00 24,980,000.00 17,986.11-20,000.00 Federal Home Loan Bank 6/3/2015 6/20/2016 0.34 0.36 25,000,000.00 24,995,975.46 24,980,000.00 16,763.89-15,975.46 Federal Home Loan Bank 6/22/2015 6/20/2016 0.38 0.39 50,000,000.00 49,993,541.90 49,950,000.00 35,937.50-43,541.90 Federal Home Loan Bank 6/29/2015 6/29/2016 0.38 0.41 22,000,000.00 21,994,172.44 21,993,400.00 14,208.33-772.44 Federal Home Loan Bank 6/3/2015 6/30/2016 0.32 0.36 50,000,000.00 49,985,320.41 49,955,000.00 27,111.11-30,320.41 Federal Home Loan Bank 6/3/2015 7/18/2016 0.75 0.41 38,000,000.00 38,114,808.79 38,072,200.00 34,041.67-42,608.79 Federal Home Loan Bank 11/15/2013 12/28/2016 0.63 0.72 50,000,000.00 49,939,260.02 50,020,000.00 54,687.50 80,739.98 Federal Home Loan Bank 12/29/2014 6/29/2017 1.00 1.00 15,000,000.00 15,000,000.00 15,010,500.00 25,833.33 10,500.00 Federal Home Loan Bank 9/20/2012 9/8/2017 0.75 0.86 35,000,000.00 34,924,718.09 34,916,000.00 126,145.83-8,718.09 Federal Home Loan Bank 12/29/2014 12/29/2017 1.25 1.25 25,000,000.00 25,000,000.00 25,070,000.00 53,819.44 70,000.00 Federal Home Loan Bank 1/12/2015 1/12/2018 1.30 1.30 25,000,000.00 25,000,000.00 25,082,500.00 44,236.11 82,500.00 Federal Home Loan Bank 1/12/2015 1/12/2018 1.30 1.30 25,000,000.00 25,000,000.00 25,082,500.00 44,236.11 82,500.00 Federal Home Loan Bank 7/29/2015 1/29/2018 1.00 1.00 25,000,000.00 25,000,000.00 24,937,500.00 22,222.22-62,500.00 Federal Home Loan Bank 4/9/2015 4/9/2018 1.30 1.30 18,000,000.00 18,000,000.00 17,958,600.00 92,300.00-41,400.00 Federal Home Loan Bank 6/20/2015 6/20/2018 1.00 1.00 50,000,000.00 50,000,000.00 50,025,000.00 98,611.11 25,000.00 Federal Home Loan Bank 6/29/2015 6/29/2018 1.20 1.20 25,000,000.00 25,000,000.00 24,910,000.00 51,666.67-90,000.00 Federal Home Loan Bank 8/14/2015 8/14/2018 1.20 1.12 25,000,000.00 25,060,531.94 25,015,000.00 14,166.67-45,531.94 Federal Home Loan Bank 1/9/2015 12/13/2019 2.38 1.61 20,000,000.00 20,631,681.08 20,668,000.00 102,916.67 36,318.92 FHLB Subtotal 0.76 0.64 1,068,050,000.00 1,069,316,393.36 1,069,605,165.00 2,065,865.27 288,771.64 FHLMC Fed Home Loan Mortg Corp. 8/30/2013 9/18/2015 0.42 0.50 26,000,000.00 25,999,023.77 26,005,200.00 49,443.33 6,176.23 Fed Home Loan Mortg Corp. 12/16/2011 1/19/2016 4.75 0.95 15,000,000.00 15,213,914.05 15,256,500.00 83,125.00 42,585.95 Fed Home Loan Mortg Corp. 4/9/2015 5/13/2016 0.50 0.33 25,000,000.00 25,030,540.61 25,032,500.00 37,500.00 1,959.39 Fed Home Loan Mortg Corp. 10/18/2012 11/1/2016 0.63 0.64 50,000,000.00 49,993,351.69 50,060,000.00 104,166.67 66,648.31 Fed Home Loan Mortg Corp. 5/29/2013 11/25/2016 0.63 0.63 25,000,000.00 25,000,000.00 24,915,000.00 41,666.67-85,000.00 Fed Home Loan Mortg Corp. 2/26/2014 2/22/2017 0.88 0.73 25,000,000.00 25,053,050.65 25,080,000.00 5,468.75 26,949.35 Fed Home Loan Mortg Corp. 1/9/2015 5/12/2017 1.25 0.81 10,000,000.00 10,073,130.83 10,089,000.00 37,847.22 15,869.17 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. 2/26/2014 6/29/2017 1.00 0.91 30,000,000.00 30,047,750.12 30,174,000.00 51,666.67 126,249.88 Fed Home Loan Mortg Corp. 7/25/2012 7/25/2017 1.00 1.00 20,000,000.00 19,999,240.00 20,040,000.00 20,000.00 40,760.00 Fed Home Loan Mortg Corp. 5/22/2015 2/22/2018 1.00 1.00 25,000,000.00 25,000,000.00 24,930,000.00 6,250.00-70,000.00 Fed Home Loan Mortg Corp. 2/26/2014 3/7/2018 0.88 1.27 30,000,000.00 29,708,718.81 29,895,000.00 126,875.00 186,281.19 Fed Home Loan Mortg Corp. 4/20/2015 4/20/2018 1.25 1.25 25,000,000.00 25,000,000.00 24,935,000.00 113,715.28-65,000.00 Fed Home Loan Mortg Corp. 2/27/2014 6/13/2018 4.88 1.30 25,000,000.00 27,410,859.96 27,570,000.00 264,062.50 159,140.04 Fed Home Loan Mortg Corp. 3/18/2014 2/19/2019 1.75 1.72 20,000,000.00 20,007,293.78 20,066,000.00 11,666.67 58,706.22 Fed Home Loan Mortg Corp. 11/21/2014 10/2/2019 1.25 1.79 25,000,000.00 24,478,258.65 24,762,500.00 129,340.28 284,241.35 Fed Home Loan Mortg Corp. 5/19/2015 5/1/2020 1.38 1.59 25,000,000.00 24,756,296.30 24,730,000.00 114,583.33-26,296.30 Fed Home Loan Mortg Corp. 6/18/2015 6/18/2020 1.63 1.63 50,000,000.00 50,000,000.00 50,035,000.00 164,756.94 35,000.00 FHLMC Subtotal 1.38 1.07 451,000,000.00 452,771,429.22 453,575,700.00 1,362,134.31 804,270.78 Money Market Funds Black Rock 8/31/2015 9/1/2015 0.01 0.01 72,917,000.00 72,917,000.00 72,917,000.00 561.00 0.00 Morgan Stanley 8/31/2015 9/1/2015 0.07 0.07 125,000.00 125,000.00 125,000.00 7.71 0.00 Morgan Stanley -Prime 8/31/2015 9/1/2015 0.07 0.07 330,000.00 330,000.00 330,000.00 20.34 0.00 Caltrust 8/31/2015 9/1/2015 0.51 0.51 35,000,000.00 35,000,000.00 35,105,000.00 14,912.56 105,000.00 Fidelity 8/31/2015 9/1/2015 0.13 0.13 20,050,000.00 20,050,000.00 20,050,000.00 2,237.40 0.00 Money Market Funds Subtotal 0.16 0.16 128,422,000.00 128,422,000.00 128,527,000.00 17,739.01 105,000.00 Negotiable CD Bank of Nova Scotia 12/8/2014 9/1/2015 0.29 0.29 60,000,000.00 60,000,000.00 60,000,000.00 0.00 0.00 Svenska Hndl NY 4/9/2015 9/8/2015 0.25 0.25 50,000,000.00 50,000,000.00 50,000,000.00 49,340.28 0.00 Bank of America 4/9/2015 9/10/2015 0.28 0.28 50,000,000.00 50,000,000.00 50,000,000.00 56,388.89 0.00 Bank of Nova Scotia 4/7/2015 9/11/2015 0.20 0.20 50,000,000.00 50,000,000.00 50,000,000.00 40,833.33 0.00 Bank of America 4/9/2015 9/17/2015 0.28 0.28 50,000,000.00 50,000,000.00 50,000,000.00 56,388.89 0.00 Bank of America 4/9/2015 9/25/2015 0.28 0.28 50,000,000.00 50,000,000.00 50,000,000.00 56,388.89 0.00 Bank of America 3/26/2015 10/1/2015 0.32 0.32 100,000,000.00 100,000,000.00 100,000,000.00 141,333.33 0.00 Toronto Domin NY 4/6/2015 10/5/2015 0.27 0.27 50,000,000.00 50,000,000.00 50,000,000.00 54,472.22 0.00 Bank of America 4/6/2015 10/8/2015 0.31 0.31 50,000,000.00 50,000,000.00 50,000,000.00 63,722.22 0.00 Bank of America 4/14/2015 10/30/2015 0.31 0.31 60,000,000.00 60,000,000.00 60,000,000.00 72,333.34 0.00 Bank of America 4/6/2015 11/2/2015 0.32 0.32 50,000,000.00 50,000,000.00 50,000,000.00 65,777.78 0.00 Swedbank NY 5/8/2015 11/3/2015 0.32 0.32 50,000,000.00 50,000,000.00 50,000,000.00 51,555.56 0.00 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 Bank of Nova Scotia 5/1/2015 11/4/2015 0.28 0.28 40,000,000.00 40,000,000.00 40,000,000.00 38,266.67 0.00 Bank of Nova Scotia 5/1/2015 11/9/2015 0.28 0.28 50,000,000.00 50,000,000.00 50,000,000.00 47,833.34 0.00 Swedbank NY 6/12/2015 11/16/2015 0.30 0.30 50,000,000.00 50,000,000.00 50,000,000.00 33,187.50 0.00 Svenska Hndl NY 6/29/2015 12/30/2015 0.39 0.38 100,000,000.00 100,001,663.43 100,000,000.00 68,444.45-1,663.43 Mitsubishi UFJ Financial Group, Inc. 6/8/2015 1/8/2016 0.40 0.40 75,000,000.00 75,000,000.00 75,000,000.00 70,833.33 0.00 Swedbank NY 6/9/2015 1/12/2016 0.38 0.38 50,000,000.00 50,000,000.00 50,000,000.00 44,333.33 0.00 Credit Suisse Securities (USA) LLC 8/27/2015 1/13/2016 0.46 0.46 50,000,000.00 50,000,000.00 50,000,000.00 3,194.44 0.00 Swedbank NY 7/10/2015 1/15/2016 0.35 0.35 50,000,000.00 50,000,000.00 50,000,000.00 25,763.89 0.00 Credit Suisse Securities (USA) LLC 8/27/2015 1/22/2016 0.47 0.47 50,000,000.00 50,000,000.00 50,000,000.00 3,263.89 0.00 Bank of Nova Scotia 6/30/2015 2/8/2016 0.42 0.42 25,000,000.00 25,000,000.00 25,000,000.00 18,375.00 0.00 Swedbank NY 7/10/2015 2/12/2016 0.38 0.38 50,000,000.00 50,000,000.00 50,000,000.00 27,972.22 0.00 Toronto Domin NY 8/27/2015 5/31/2016 0.61 0.60 50,000,000.00 50,003,774.18 50,000,000.00 4,236.11-3,774.18 Negotiable CD Subtotal 0.34 0.34 1,310,000,000.00 1,310,005,437.61 1,310,000,000.00 1,094,238.90-5,437.61 Repurchase Agreements Wells Fargo Bank NA 8/31/2015 9/1/2015 0.01 0.01 639,084.05 639,084.05 639,084.05 0.00 0.00 Repurchase Agreements Subtotal 0.01 0.01 639,084.05 639,084.05 639,084.05 0.00 0.00 Supranational Intl Bank for Reconst & Development 6/23/2015 11/15/2017 1.00 1.00 25,000,000.00 24,997,927.49 25,025,000.00 47,222.22 27,072.51 Intl Bank for Reconst & Development 6/23/2015 11/15/2017 1.00 1.00 25,000,000.00 24,997,927.49 25,025,000.00 47,222.22 27,072.51 Intl Bank for Reconst & Development 6/23/2015 11/15/2017 1.00 1.00 25,000,000.00 24,997,927.49 25,025,000.00 47,222.22 27,072.51 Intl Bank for Reconst & Development 3/16/2015 3/16/2018 1.23 1.23 25,000,000.00 25,000,000.00 25,000,000.00 140,937.50 0.00 Intl Bank for Reconst & Development 3/16/2015 3/16/2018 1.23 1.23 25,000,000.00 25,000,000.00 25,000,000.00 140,937.50 0.00 Intl Bank for Reconst & Development 4/30/2015 6/15/2018 1.00 1.06 50,000,000.00 49,923,696.00 49,920,000.00 105,555.56-3,696.00 Supranational Subtotal 1.07 1.08 175,000,000.00 174,917,478.47 174,995,000.00 529,097.22 77,521.53 US Treasury Notes U.S. Treasury Securities 4/12/2011 11/30/2015 1.38 2.17 10,000,000.00 9,981,477.04 10,031,000.00 34,938.52 49,522.96 U.S. Treasury Securities 2/12/2014 11/30/2015 1.38 0.30 10,000,000.00 10,026,474.37 10,031,000.00 34,938.52 4,525.63 U.S. Treasury Securities 9/22/2011 2/29/2016 2.13 0.71 10,000,000.00 10,069,089.30 10,094,000.00 583.79 24,910.70 U.S. Treasury Securities 4/5/2013 5/31/2016 1.75 0.35 15,000,000.00 15,155,378.72 15,156,000.00 66,700.82 621.28 U.S. Treasury Securities 9/22/2011 8/31/2016 1.00 0.86 10,000,000.00 10,013,902.35 10,055,000.00 274.73 41,097.65 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 U.S. Treasury Securities 12/12/2011 11/30/2016 0.88 0.87 12,000,000.00 12,000,353.31 12,050,400.00 26,680.33 50,046.69 U.S. Treasury Securities 12/24/2014 1/31/2017 0.88 0.79 15,000,000.00 15,017,366.30 15,058,500.00 11,413.04 41,133.70 U.S. Treasury Securities 3/12/2012 2/28/2017 0.88 0.90 15,000,000.00 14,993,650.94 15,058,500.00 360.58 64,849.06 U.S. Treasury Securities 6/8/2012 5/15/2017 4.50 0.73 15,000,000.00 15,943,492.69 15,978,000.00 199,932.07 34,507.31 U.S. Treasury Securities 6/5/2015 5/31/2017 2.75 0.65 10,000,000.00 10,363,186.55 10,356,000.00 69,877.05-7,186.55 U.S. Treasury Securities 10/12/2012 7/31/2017 0.50 0.66 15,000,000.00 14,955,608.47 14,932,500.00 6,521.74-23,108.47 U.S. Treasury Securities 12/24/2014 8/31/2017 1.88 1.05 15,000,000.00 15,241,554.38 15,322,500.00 772.66 80,945.62 U.S. Treasury Securities 6/7/2013 10/31/2017 1.88 0.87 15,000,000.00 15,319,271.03 15,328,500.00 94,769.02 9,228.97 U.S. Treasury Securities 5/20/2015 11/30/2017 2.25 0.84 10,000,000.00 10,312,382.18 10,307,000.00 57,172.13-5,382.18 U.S. Treasury Securities 1/7/2013 12/31/2017 0.75 0.81 15,000,000.00 14,978,593.11 14,950,500.00 19,259.51-28,093.11 U.S. Treasury Securities 12/24/2014 1/31/2018 2.63 1.22 15,000,000.00 15,497,764.24 15,612,000.00 34,239.13 114,235.76 U.S. Treasury Securities 6/7/2013 2/28/2018 0.75 0.96 15,000,000.00 14,923,656.11 14,926,500.00 309.07 2,843.89 U.S. Treasury Securities 6/7/2013 5/31/2018 1.00 1.01 15,000,000.00 14,997,092.22 14,992,500.00 38,114.75-4,592.22 U.S. Treasury Securities 2/12/2014 7/31/2018 1.38 1.36 15,000,000.00 15,006,502.11 15,132,000.00 17,934.78 125,497.89 U.S. Treasury Securities 11/13/2013 8/31/2018 1.50 1.38 15,000,000.00 15,050,170.90 15,178,500.00 618.13 128,329.10 U.S. Treasury Securities 12/5/2013 11/30/2018 1.25 1.45 10,000,000.00 9,937,923.87 10,023,000.00 31,762.30 85,076.13 U.S. Treasury Securities 2/20/2014 1/31/2019 1.25 1.52 15,000,000.00 14,869,217.19 15,013,500.00 16,304.35 144,282.81 U.S. Treasury Securities 4/17/2014 3/31/2019 1.63 1.65 15,000,000.00 14,985,606.48 15,183,000.00 102,561.48 197,393.52 U.S. Treasury Securities 6/16/2014 5/31/2019 1.50 1.70 15,000,000.00 14,891,501.21 15,097,500.00 57,172.13 205,998.79 U.S. Treasury Securities 8/21/2014 7/31/2019 1.63 1.63 15,000,000.00 14,994,433.43 15,150,000.00 21,195.65 155,566.57 U.S. Treasury Securities 10/24/2014 9/30/2019 1.75 1.50 15,000,000.00 15,146,315.30 15,205,500.00 110,450.82 59,184.70 U.S. Treasury Securities 12/8/2014 11/30/2019 1.50 1.68 15,000,000.00 14,887,526.10 15,042,000.00 57,172.13 154,473.90 U.S. Treasury Securities 1/9/2015 12/31/2019 1.63 1.50 15,000,000.00 15,076,523.38 15,108,000.00 41,728.94 31,476.62 U.S. Treasury Securities 4/9/2015 2/29/2020 1.25 1.35 10,000,000.00 9,957,646.37 9,893,000.00 343.41-64,646.37 U.S. Treasury Securities 4/9/2015 3/31/2020 1.13 1.36 10,000,000.00 9,897,191.71 9,831,000.00 47,336.07-66,191.71 U.S. Treasury Securities 6/5/2015 5/31/2020 1.50 1.64 15,000,000.00 14,903,528.70 14,994,000.00 57,172.13 90,471.30 U.S. Treasury Notes Subtotal 1.56 1.15 417,000,000.00 419,394,380.06 421,091,400.00 1,258,609.78 1,697,019.94 Grand Total 0.65 0.56 6,436,142,084.05 6,441,338,368.14 6,444,116,751.14 8,882,150.70 2,778,383.00 10

Purchases/Sales/Maturities Deal Instrument Issuer Coupon Transaction Settlement Settlement Number Type Type Amount Date 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 13,994,493.08 8/3/2015 2693 Negotiable CD Wells Fargo Bank NA 0.26 Maturity 50,000,000.00 8/3/2015 2714 Commercial Paper Toyota Motor Credit Corp. 0.25 Maturity 35,000,000.00 8/3/2015 2717 Commercial Paper Toyota Motor Credit Corp. 0.24 Maturity 25,000,000.00 8/3/2015 2732 Commercial Paper Toyota Motor Credit Corp. 0.23 Maturity 50,000,000.00 8/3/2015 2955 Money Market Funds BlackRock 0.01 Purchase (34,500,000.00) 8/3/2015 2996 Commercial Paper Natixis US Finance Co. 0.08 Maturity 325,000,000.00 8/3/2015 2997 Commercial Paper Natixis US Finance Co. 0.13 Purchase (209,999,241.67) 8/3/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (371,153.25) 8/4/2015 2955 Money Market Funds BlackRock 0.01 Maturity 28,000,000.00 8/4/2015 2997 Commercial Paper Natixis US Finance Co. 0.13 Maturity 210,000,000.00 8/4/2015 2998 Commercial Paper Natixis US Finance Co. 0.13 Purchase (219,999,205.56) 8/4/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (179,680.79) 8/5/2015 2955 Money Market Funds BlackRock 0.01 Maturity 3,300,000.00 8/5/2015 2998 Commercial Paper Natixis US Finance Co. 0.13 Maturity 220,000,000.00 8/5/2015 2999 Commercial Paper Natixis US Finance Co. 0.13 Purchase (199,999,277.78) 8/5/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (14,332,424.75) 8/6/2015 2999 Commercial Paper Natixis US Finance Co. 0.13 Maturity 200,000,000.00 8/6/2015 3000 Commercial Paper Natixis US Finance Co. 0.13 Purchase (184,999,331.94) 8/6/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (557,105.61) 8/7/2015 2033 FFCB CALL EURO PREM Federal Farm Credit Bank 1.20 Call 50,000,000.00 8/7/2015 3000 Commercial Paper Natixis US Finance Co. 0.13 Maturity 185,000,000.00 8/7/2015 3001 Commercial Paper Natixis US Finance Co. 0.13 Purchase (199,997,833.33) 8/7/2015 3002 U.S. Treasury Notes U.S. Treasury Securities 1.63 Purchase (24,963,782.27) 8/7/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 15,892,833.28 8/10/2015 2719 Negotiable CD Wells Fargo Bank NA 0.25 Maturity 25,000,000.00 8/10/2015 2777 Commercial Paper Mitsubishi UFJ Financial Group, Inc. 0.23 Maturity 25,000,000.00 8/10/2015 2955 Money Market Funds BlackRock 0.01 Maturity 10,000,000.00 8/10/2015 2965 Commercial Paper Fortis/BNP Paribas Bank 0.15 Maturity 70,000,000.00 8/10/2015 3001 Commercial Paper Natixis US Finance Co. 0.13 Maturity 200,000,000.00 8/10/2015 3002 U.S. Treasury Notes U.S. Treasury Securities 1.63 Sell 25,026,664.40 8/10/2015 3003 Commercial Paper Credit Agricole CIB 0.12 Purchase (24,999,916.67) 8/10/2015 3004 Commercial Paper Natixis US Finance Co. 0.13 Purchase (299,998,916.67) 8/10/2015 11

Purchases/Sales/Maturities Deal Instrument Issuer Coupon Transaction Settlement Settlement Number Type Type Amount Date 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (10,526,016.06) 8/11/2015 2993 Commercial Paper Mitsubishi UFJ Financial Group, Inc. 0.13 Maturity 50,000,000.00 8/11/2015 3003 Commercial Paper Credit Agricole CIB 0.12 Maturity 25,000,000.00 8/11/2015 3004 Commercial Paper Natixis US Finance Co. 0.13 Maturity 300,000,000.00 8/11/2015 3005 Commercial Paper Natixis US Finance Co. 0.13 Purchase (199,999,277.78) 8/11/2015 3006 Commercial Paper Natixis US Finance Co. 0.13 Purchase (19,999,927.78) 8/11/2015 3007 Commercial Paper MUFG Union Bank NA 0.12 Purchase (54,994,316.67) 8/11/2015 3008 Commercial Paper Fortis/BNP Paribas Bank 0.15 Purchase (79,989,666.67) 8/11/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (344,588.83) 8/12/2015 2751 FDIC CD ACT-360 Pacific Commerce Bank 0.40 Maturity 250,000.00 8/12/2015 2980 Negotiable CD Canadian Imp BK Comm NY 0.12 Maturity 50,000,000.00 8/12/2015 3005 Commercial Paper Natixis US Finance Co. 0.13 Maturity 200,000,000.00 8/12/2015 3006 Commercial Paper Natixis US Finance Co. 0.13 Maturity 20,000,000.00 8/12/2015 3009 Commercial Paper Natixis US Finance Co. 0.13 Purchase (249,999,097.22) 8/12/2015 3039 FDIC CD ACT-360 Pacific Commerce Bank 0.25 Purchase (250,000.00) 8/12/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (3,517,939.50) 8/13/2015 3009 Commercial Paper Natixis US Finance Co. 0.13 Maturity 250,000,000.00 8/13/2015 3010 Commercial Paper Natixis US Finance Co. 0.13 Purchase (239,999,133.33) 8/13/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 11,574,942.53 8/14/2015 2588 Commercial Paper Toyota Motor Credit Corp. 0.26 Maturity 50,000,000.00 8/14/2015 2740 Commercial Paper Toyota Motor Credit Corp. 0.23 Maturity 45,000,000.00 8/14/2015 2752 FDIC CD ACT-360 East West Bank 0.30 Maturity 250,000.00 8/14/2015 2955 Money Market Funds BlackRock 0.01 Purchase (21,000,000.00) 8/14/2015 2979 Negotiable CD Canadian Imp BK Comm NY 0.13 Maturity 75,000,000.00 8/14/2015 3010 Commercial Paper Natixis US Finance Co. 0.13 Maturity 240,000,000.00 8/14/2015 3011 Commercial Paper Natixis US Finance Co. 0.13 Purchase (269,997,075.00) 8/14/2015 3012 FHLB Federal Home Loan Bank 1.20 Purchase (25,061,500.00) 8/14/2015 3048 FDIC CD ACT-360 East West Bank 0.29 Purchase (250,000.00) 8/14/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (14,047,200.34) 8/17/2015 2922 Commercial Paper Fortis/BNP Paribas Bank 0.20 Maturity 55,000,000.00 8/17/2015 3011 Commercial Paper Natixis US Finance Co. 0.13 Maturity 270,000,000.00 8/17/2015 3013 Commercial Paper Natixis US Finance Co. 0.14 Purchase (289,998,872.22) 8/17/2015 3014 Commercial Paper Fortis/BNP Paribas Bank 0.12 Purchase (14,999,950.00) 8/17/2015 12

Purchases/Sales/Maturities Deal Instrument Issuer Coupon Transaction Settlement Settlement Number Type Type Amount Date 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 13,527,017.14 8/18/2015 3013 Commercial Paper Natixis US Finance Co. 0.14 Maturity 290,000,000.00 8/18/2015 3014 Commercial Paper Fortis/BNP Paribas Bank 0.12 Maturity 15,000,000.00 8/18/2015 3015 Commercial Paper Natixis US Finance Co. 0.14 Purchase (309,998,794.44) 8/18/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 539,316.80 8/19/2015 2955 Money Market Funds BlackRock 0.01 Maturity 3,600,000.00 8/19/2015 3015 Commercial Paper Natixis US Finance Co. 0.14 Maturity 310,000,000.00 8/19/2015 3016 Commercial Paper MUFG Union Bank NA 0.15 Purchase (24,996,875.00) 8/19/2015 3017 Commercial Paper Fortis/BNP Paribas Bank 0.15 Purchase (29,996,500.00) 8/19/2015 3018 Commercial Paper Natixis US Finance Co. 0.14 Purchase (269,998,950.00) 8/19/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (7,400,466.23) 8/20/2015 2989 Commercial Paper Fortis/BNP Paribas Bank 0.15 Maturity 181,000,000.00 8/20/2015 3018 Commercial Paper Natixis US Finance Co. 0.14 Maturity 270,000,000.00 8/20/2015 3019 Commercial Paper Natixis US Finance Co. 0.14 Purchase (244,999,047.22) 8/20/2015 3020 Commercial Paper Fortis/BNP Paribas Bank 0.17 Purchase (180,975,213.06) 8/20/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 10,194,934.49 8/21/2015 2955 Money Market Funds BlackRock 0.01 Purchase (20,000,000.00) 8/21/2015 3019 Commercial Paper Natixis US Finance Co. 0.14 Maturity 245,000,000.00 8/21/2015 3021 Commercial Paper Natixis US Finance Co. 0.14 Purchase (234,997,258.33) 8/21/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (711,255.39) 8/24/2015 2955 Money Market Funds BlackRock 0.01 Maturity 2,800,000.00 8/24/2015 3021 Commercial Paper Natixis US Finance Co. 0.14 Maturity 235,000,000.00 8/24/2015 3022 Commercial Paper Natixis US Finance Co. 0.14 Purchase (219,999,144.44) 8/24/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (5,998,403.20) 8/25/2015 2785 Negotiable CD Toronto Domin NY 0.22 Maturity 35,000,000.00 8/25/2015 2794 Negotiable CD Svenska Hndl NY 0.24 Maturity 11,700,000.00 8/25/2015 3022 Commercial Paper Natixis US Finance Co. 0.14 Maturity 220,000,000.00 8/25/2015 3025 Commercial Paper Natixis US Finance Co. 0.14 Purchase (229,999,105.56) 8/25/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 6,350,898.86 8/26/2015 2955 Money Market Funds BlackRock 0.01 Maturity 8,500,000.00 8/26/2015 3025 Commercial Paper Natixis US Finance Co. 0.14 Maturity 230,000,000.00 8/26/2015 3026 Commercial Paper Natixis US Finance Co. 0.14 Purchase (219,999,144.44) 8/26/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Purchase (13,660,183.01) 8/27/2015 13

Purchases/Sales/Maturities Deal Instrument Issuer Coupon Transaction Settlement Settlement Number Type Type Amount Date 3026 Commercial Paper Natixis US Finance Co. 0.14 Maturity 220,000,000.00 8/27/2015 3027 Commercial Paper Natixis US Finance Co. 0.14 Purchase (249,999,027.78) 8/27/2015 3028 Negotiable CD Toronto Domin NY 0.61 Purchase (50,003,843.30) 8/27/2015 3029 Negotiable CD Credit Suisse Securities (USA) LLC 0.46 Purchase (50,000,000.00) 8/27/2015 3030 Negotiable CD Credit Suisse Securities (USA) LLC 0.47 Purchase (50,000,000.00) 8/27/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 5,669,155.59 8/28/2015 2839 Negotiable CD Swedbank NY 0.23 Maturity 50,000,000.00 8/28/2015 2854 Negotiable CD Toronto Domin NY 0.17 Maturity 50,000,000.00 8/28/2015 2893 FHLMC CALLABLE PREM Fed Home Loan Mortg Corp. 1.00 Call 50,000,000.00 8/28/2015 3027 Commercial Paper Natixis US Finance Co. 0.14 Maturity 250,000,000.00 8/28/2015 3033 Commercial Paper JP Morgan 0.57 Purchase (74,743,500.00) 8/28/2015 3034 Commercial Paper Natixis US Finance Co. 0.14 Purchase (299,996,500.00) 8/28/2015 3050 Coll CD ACT-365 BANC OF CALIFORNIA 0.24 Purchase (15,000,000.00) 8/28/2015 1106 Repurchase Agreements Wells Fargo Bank NA 0.02 Maturity 7,710,703.11 8/31/2015 1959 U.S. Treasury Notes EOM U.S. Treasury Securities 1.25 Maturity 10,000,000.00 8/31/2015 2745 Commercial Paper Rabobank Nederland 0.29 Maturity 100,000,000.00 8/31/2015 2845 Negotiable CD Toronto Domin NY 0.15 Maturity 32,000,000.00 8/31/2015 3034 Commercial Paper Natixis US Finance Co. 0.14 Maturity 300,000,000.00 8/31/2015 3035 Commercial Paper Natixis US Finance Co. 0.07 Purchase (254,999,504.17) 8/31/2015 Grand Total 603,535,812.02 14

Cash Flow Analysis San Diego Pooled Money Fund as of August 31, 2015 ($000) Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Beginning Pool Book Balance 7,044,834 6,441,338 6,235,338 6,915,826 7,146,915 8,384,532 7,742,135 MAIN CASH FLOW ITEMS INFLOWS: Reverse Repos 0 0 0 0 0 0 0 Interest Income On Pool 2,007 3,500 2,350 3,000 3,000 1,500 3,000 Taxes Collected 50,687 45,000 370,000 630,000 1,800,000 140,000 150,000 School Deposits 416,768 518,000 870,000 300,000 465,000 315,000 325,000 County Deposits 231,025 225,000 310,941 345,089 299,117 258,103 280,439 Retirement 0 0 0 0 0 0 0 Voluntaries 26,000 10,000 0 5,000 0 5,000 2,000 Maturities/Sales Outside Pool 25,483 0 0 0 0 0 10,000 751,970 801,500 1,553,291 1,283,089 2,567,117 719,603 770,439 OUTFLOWS: Schools 959,390 660,000 555,000 690,000 665,000 490,000 680,000 County 317,278 296,000 282,803 285,000 312,500 345,000 315,000 Retirement 6,847 7,000 7,500 7,000 7,000 7,000 8,000 Voluntaries 24,197 34,000 15,000 25,000 50,000 30,000 30,000 Tax Apportionment 14,904 10,500 12,500 45,000 295,000 490,000 31,000 Reverse Repos 0 0 0 0 0 0 0 Purchases/ Purchases Outside of Pool 25,000 0 0 0 0 0 0 1,347,616 1,007,500 872,803 1,052,000 1,329,500 1,362,000 1,064,000 TOTAL (595,646) (206,000) 680,488 231,089 1,237,617 (642,397) (293,561) PROJECTED/ACTUAL MONTH END POOL BALANCE 6,441,338 6,235,338 6,915,826 7,146,915 8,384,532 7,742,135 7,448,574 LIQUIDITY PROJECTIONS INCREASE / DECREASE DUE TO INVESTMENT ACTIVITY Maturities 984,000 630,250 450,000 275,100 565,000 185,000 Sales/Calls 0 0 0 0 0 0 Investments Purchased 618,000 0 20,000 25,000 15,000 10,000 366,000 630,250 430,000 250,100 550,000 175,000 Net Main Cash Flow (see above) (206,000) 680,488 231,089 1,237,617 (642,397) (293,561) PROJECTED/ACTUAL MONTH END LIQUIDITY 129,061 289,061 1,599,799 2,260,888 3,748,605 3,656,208 3,537,647 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. 15

Participant Cash Balances San Diego Pooled Money Fund as of August 31, 2015 ($000) FMV FMV FMV % of FMV FMV FMV % of PARTICIPANT 06/30/15 07/31/15 08/31/15 Total PARTICIPANT 06/30/15 07/31/15 08/31/15 Total COUNTY $ 643,469 $ 707,514 $ 681,430 10.57% Lakeside Fire 8,295 6,089 5,955 0.09% COUNTY - SPECIAL TRUST FUNDS 2,334,062 1,763,957 1,653,394 25.66% Leucadia Water District 11,405 11,422 11,404 0.18% NON-COUNTY INVESTMENT FUNDS 195,774 191,272 185,639 2.88% Lower Sweetwater FPD 470 469 472 0.01% SCHOOLS - (K THRU 12) 2,938,305 2,902,779 2,535,503 39.35% Metropolitan Transit System 5,068 5,228 4,813 0.07% Mission Resource Conservation District 439 440 440 0.01% COMMUNITY COLLEGES North County Cemetery District 1,421 1,422 1,417 0.02% San Diego 268,357 261,473 213,167 3.31% North County Cemetry Perpetual 1,513 1,526 1,537 0.02% Grossmont 122,063 115,920 92,336 1.43% North County Cemetery 1,239 1,128 1,090 0.02% Mira Costa 41,804 36,387 31,526 0.49% North County Dispatch 3,282 2,577 2,661 0.04% Palomar 348,200 341,351 323,622 5.02% North County Fire 2,623 1,522 2,550 0.04% Southwestern 115,202 240,860 221,822 3.44% Otay Water District Investment 13,584 15,600 15,574 0.24% Total Community Colleges 895,626 995,994 882,472 13.69% Pine Valley FPD 544 495 488 0.01% Pomerado Cemetery District 1,772 1,777 1,739 0.03% SDCERA 612 3,974 3,981 0.06% Ramona Cemetery District 582 544 523 0.01% SANCAL 13,551 23,518 21,733 0.34% Ramona Cemetery Perpetual 361 361 360 0.01% MTDB 712 714 713 0.01% Rancho Santa Fe FPD 11,754 10,189 9,511 0.15% SANDAG 63,165 63,514 62,964 0.98% Rincon del Diablo Municipal Water District 3,004 3,009 3,004 0.05% San Diego Housing Commission 7,039 7,051 7,040 0.11% CITIES San Diego Rural Fire 277 160 160 0.00% Chula Vista 39,434 39,495 39,430 0.61% San Dieguito River -65 53 43 0.00% Del Mar 3,042 3,047 3,042 0.05% San Marcos FPD 1 1 1 0.00% Encinitas 2 2 2 0.00% San Miguel FPD 8,202 8,222 8,041 0.12% Lemon Grove 0 2 2 0.00% San Ysidro Sanitation 13 13 13 0.00% National City 5,047 5,055 5,047 0.08% Santa Fe Irrigation District 4,940 4,948 4,939 0.08% SDC Regional Airport Authority 248,494 216,895 238,266 3.70% INDEPENDENT AGENCIES Upper San Luis Rey Reservoir 27 27 27 0.00% Alpine FPD 1,852 1,360 1,091 0.02% Vallecitos Water District 5,100 5,108 5,099 0.08% Bonita Sunnyside FPD 5,002 4,580 4,614 0.07% Valley Center FPD 4,017 3,648 3,394 0.05% Borrego Springs FPD 1,584 1,392 1,361 0.02% Valley Cntr Cemetery 49 49 49 0.00% Deer Springs FPD 8,542 7,888 7,832 0.12% Valley Ctr Cem Perpetual 239 240 241 0.00% Fallbrook Public UTL 14 14 14 0.00% Valley Ctr Water District 18,008 16,329 16,029 0.25% Grossmont Healthcare District 1,002 1,003 1,002 0.02% Vista FPD 2,168 2,178 2,174 0.03% Public Agency Self Insurance System 3,743 3,372 3,366 0.05% Total Independent Agencies 513,869 488,170 505,680 7.85% Julian-Cuyamaca FPD 314 151 154 0.00% Lake Cuyamaca Rec & Park 389 372 279 0.00% Pooled Money Fund Total $ 7,521,105 $ 7,049,686 $ 6,444,117 100.00% 16

Pooled Money Fund Participants San Diego Pooled Money Fund as of August 31, 2015 17

Pooled Money Fund - Asset Allocation San Diego Pooled Money Fund as of August 31, 2015 18

Pooled Money Fund Assets - Credit Quality San Diego Pooled Money Fund as of August 31, 2015 19

Investment Policy Compliance Standards San Diego Pooled Money Fund as of August 31, 2015 Category Standard Comment Treasury Issues No Limit Complies - 6.5% Agency Issues 35% per issuer Complies - 39.2% Local Agency Obligations SP-1/A or MIG1/A or F-1/A minimum rating; 15% maximum; 10% per issuer Complies Banker s Acceptances A-1 or P-1 or F-1 minimum rating; 40% maximum; 5% per issuer; 180 days max maturity Complies Commercial Paper A-1/A or P-1/A or F-1/A minimum rating; 40% maximum; 5% per issuer; 270 days max maturity Complies - 28.0% Medium Term Notes A-1/A or P-1/A or F-1/ A minimum rating; 30% maximum; 5% per issuer Complies Negotiable Certificates of Deposit A-1/A or P-1/A or F-1/ A minimum rating; 30% maximum; 5% per issuer Complies - 20.3%* Repurchase Agreements 40% maximum; 10% per issuer>5 days; 15% per issuer <5 days; 1-year maximum maturity; Complies - 0.0% Reverse Repurchase Agreements 20% maximum combined with Securities Lending; 10% per issuer; 92-day maximum maturity N/A Collateralized Certificates of Deposit 10% maximum; 110% collateral required; 13 months maximum maturity Complies - 1.3% Covered Call Option/ Put Option 10% maximum; 90-day maximum maturity N/A Money Market Mutual Funds AAAm, or Aaa-mf, or AAAmmf minimum rating; 15% maximum; 10% per fund Complies - 1.4% Investment Trust of California - Cal Trust 2.5% maximum Complies - 0.5% Supranationals A-1/AA by S&P or P-1/Aa by Moody's, or F-1/ AA by Fitch; 30% maximum; 10% per issuer Complies - 2.7% Pass-Through Securities Non-mortgaged backed; A-rated issuer; A-1/AA or P-1/Aa or F-1/AA minimum issue rating 20% Complies maximum; 5% per issuer Maximum Maturity 5 years Complies Illiquidity Limitations 20% maximum for combined categories for Local Agency Obligations and Collateralized CDs Complies Maximum Issuer Exposure 5% per any single issuer involved in more than one of the above categories (does not include US Complies* Government, repurchase agreements, supranationals) 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 Complies accrual 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 20