Investment Report for the Quarter Ending September 30, 2024

Investment Performance Review
For the Quarter Ended September 30, 2024
Client Management Team
PFM Asset Management LLC
Luke Schneider, CFA, Managing Director 
Annette Gaston, Director
213 Market Street
Harrisburg, PA 17101-2141
717-232-2723
1101 W. Washington Street
Tempe, AZ 85288
480-271-0432
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public
CITY OF CHANDLER
WORKERS COMP & EMPLOYER TRUST

© PFM Asset Management LLC     pfmam.com
|
•
Account Summary
•
Portfolio Review
1

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Account Summary
|
Account Summary
Yield at market, yield on cost, and portfolio duration only include investments held within the separately managed account(s), excludes balances invested in overnight funds.
1.
CHANDLER WORKERS COMP & EMPLOYER TRUST
Portfolio Values
September 30, 2024
PFMAM Managed Account
$20,138,685
Amortized Cost
$19,967,814
Market Value
$20,138,685
Accrued Interest
$161,543
Cash
$20,885
Analytics¹
September 30, 2024
Yield at Market
3.96%
Yield on Cost
3.82%
Portfolio Duration
1.70
2

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Account Summary
|
Sector Allocation Analytics
1.2%
6.5%
0.3%
4.8%
87.2%
0.0%
40.0%
60.0%
80.0%
100.0%
**First American Funds - $236,849
Corporate - $1,340,672
Municipal - $53,667
Federal Agency - $993,951
U.S. Treasury - $17,911,939
20.0%
Sector Limit for Analysis*
Portfolio Allocation
For informational/analytical purposes only and is not provided for compliance assurance. Included accrued interest. 
*Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided.
**First American Funds Balance as of 9/30/2024.
3

© PFM Asset Management LLC     pfmam.com
|
Portfolio Review:
CHANDLER WORKERS COMP & EMPLOYER TRUST
4

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Portfolio Snapshot
|
Portfolio Snapshot - CHANDLER WORKERS COMP & EMPLOYER TRUST¹
30%
17%
53%
0%
7%
57%
35%
0%
20%
40%
60%
0-1 Yr
1-2 Yrs
2-3 Yrs
3-4 Yrs
Duration Distribution
U.S. Treasury | 88%
Corporate | 7%
Federal Agency | 5%
Municipal | <1%
Sector Allocation
AAA | <1%
AA+ | 93%
AA | <1%
AA- | 1%
A+ | 2%
A | 2%
A- | 2%
Portfolio Statistics
Portfolio Effective Duration
1.70 years
Benchmark Effective Duration
1.76 years
Portfolio Credit Quality
AA
Yield At Market
3.96%
Yield At Cost
3.82%
Total Market Value
$20,321,113.12
$20,138,685.09
Securities Sub-Total
$20,884.61
Cash
$161,543.42
Accrued Interest
1. Total market value includes accrued interest and balances invested in PFMAM, as of September 30 2024.Yield and duration calculations exclude balances invested in PFMAM.
2. An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio.
3. The portfolio’s benchmark is currently the ICE BofA 1-3 Year U.S Treasury Index. Prior to 3/31/17 it was the ICE BofA 0-3 Year U.S Treasury Index. Source: Bloomberg Finance LP.
Credit Quality - S&P2
Portfolio
Benchmark3
5

Liquidity Vehicle
Quarter-End Yield
Allspring Treasury Plus Money 
Market A Fund1
First American Funds2
1.
Allspring Treasury Plus Money Market A Fund ticker symbol PISXX. Account yield is the 30-day current yield from Fund website as of 9/302024.
2.
First American Funds ticker symbol FGZXX; Account yield is the Net Annualized Monthly Average Yield as of  September 30, 2024. For U.S. Treasury, Treasury Obligations and Government 
Obligations – You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the 
Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and 
you should not expect that the sponsor will provide financial support to the Fund at any time.
CITY OF CHANDLER
© PFM Asset Management LLC  |   pfmam.com
For the Quarter Ended September 30, 2024 
Portfolio Snapshot
5.01%
4.97%
6

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Portfolio Characteristics
|
$0.0
$4.2
$8.4
$12.6
$16.8
$21.0
Millions
September 2024
$0.0
$4.2
$8.4
$12.6
$16.8
$21.0
Millions
June 2024
$0.0
$4.2
$8.4
$12.6
$16.8
$21.0
Millions
March 2024
$0.0
$4.2
$8.4
$12.6
$16.8
$21.0
Millions
December 2023
Sector Allocation Review - CHANDLER WORKERS COMP & EMPLOYER TRUST
U.S. Treasury
Federal Agency
Municipal
Corporate
Market values, excluding accrued interest. Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. Detail may not add to total due to rounding.
Dec-23
% of Total
Security Type
Mar-24
% of Total
Jun-24
% of Total
% of Total
Sep-24
U.S. Treasury
$13.7
79.0%
$14.6
81.9%
$15.5
83.7%
$17.8
88.2%
Federal Agency
$2.9
16.5%
$2.5
14.0%
$2.5
13.5%
$1.0
4.9%
Municipal
$0.1
0.3%
$0.1
0.3%
$0.1
0.3%
$0.1
0.3%
Corporate
$0.7
4.2%
$0.7
3.8%
$0.5
2.5%
$1.3
6.6%
Total
$17.3
100.0%
$17.9
100.0%
$18.5
100.0%
$20.1
100.0%
7

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Portfolio Activity
|
Portfolio Activity - CHANDLER WORKERS COMP & EMPLOYER TRUST
Net Activity by Sector
($ millions)
Federal Agency
Corporate
U.S. Treasury
Federal Agency
Corporate
U.S. Treasury
($2.0)
$0.0
$2.0
$4.0
Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding.
Sector
Net Activity
U.S. Treasury
$1,951,252
Corporate
$842,215
Federal Agency
($1,529,895)
$1,263,572
Total Net Activity
Sales/Maturities                       Purchases
8

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Portfolio Performance
|
The lesser of 10 years or since inception is shown. Performance inception date is March 31, 2013.
1.
Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.
2.
Realized gains / (losses) are shown on an amortized cost basis.
3.
Accrual Basis Earnings - CHANDLER WORKERS COMP & EMPLOYER TRUST
Accrual Basis Earnings
Interest Earned²
Realized Gains / (Losses)³
Change in Amortized Cost
Total Earnings
3 Months
$162,560
($2,055)
$32,059
$192,563
1 Year
$502,772
($6,388)
$163,216
$659,600
3 Years
$850,052
($74,737)
$198,757
$974,071
5 Year
$1,120,943
$89,299
$207,509
$1,417,751
10 Year¹
$1,696,437
$62,923
$113,366
$1,872,726
9

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Portfolio Holdings
|
Managed Account Detail of Securities Held
Security Type/Description
Dated Date/Coupon/Maturity
CUSIP
Par
S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY N/B
DTD 11/15/2021 0.750% 11/15/2024
91282CDH1
280,000.00
AA+
Aaa
1/4/2022
1/6/2022
277,976.56
1.01
793.21
278,600.00
279,912.78
US TREASURY N/B
DTD 11/15/2021 0.750% 11/15/2024
91282CDH1
415,000.00
AA+
Aaa
12/3/2021
12/7/2021
413,200.59
0.90
1,175.65
412,925.00
414,924.61
US TREASURY N/B
DTD 12/02/2019 1.500% 11/30/2024
912828YV6
260,000.00
AA+
Aaa
6/2/2021
6/4/2021
269,638.28
0.43
1,310.66
258,590.80
260,453.57
US TREASURY N/B
DTD 12/15/2021 1.000% 12/15/2024
91282CDN8
185,000.00
AA+
Aaa
12/9/2021
12/15/2021
185,028.91
0.99
545.90
183,641.36
185,001.98
US TREASURY N/B
DTD 01/18/2022 1.125% 01/15/2025
91282CDS7
110,000.00
AA+
Aaa
10/16/2023 10/17/2023
104,469.92
5.35
262.30
108,912.87
108,714.50
US TREASURY N/B
DTD 01/31/2020 1.375% 01/31/2025
912828Z52
270,000.00
AA+
Aaa
7/2/2021
7/7/2021
277,519.92
0.58
625.48
267,199.83
270,703.55
US TREASURY N/B
DTD 02/15/2022 1.500% 02/15/2025
91282CDZ1
575,000.00
AA+
Aaa
4/5/2022
4/7/2022
555,391.60
2.75
1,101.56
568,643.37
572,429.33
US TREASURY N/B
DTD 02/15/2022 1.500% 02/15/2025
91282CDZ1
310,000.00
AA+
Aaa
2/17/2022
2/25/2022
307,832.42
1.74
593.89
306,572.95
309,726.56
US TREASURY N/B
DTD 02/15/2022 1.500% 02/15/2025
91282CDZ1
255,000.00
AA+
Aaa
5/3/2022
5/4/2022
245,397.66
2.92
488.52
252,180.97
253,707.74
US TREASURY N/B
DTD 04/30/2020 0.375% 04/30/2025
912828ZL7
1,480,000.00
AA+
Aaa
6/6/2022
6/8/2022
1,376,689.06
2.91
2,322.55
1,446,781.40
1,459,376.91
US TREASURY N/B
DTD 06/15/2022 2.875% 06/15/2025
91282CEU1
140,000.00
AA+
Aaa
8/2/2022
8/4/2022
139,704.69
2.95
1,187.70
138,732.30
139,927.44
US TREASURY N/B
DTD 07/15/2022 3.000% 07/15/2025
91282CEY3
150,000.00
AA+
Aaa
8/15/2022
8/16/2022
149,390.63
3.15
953.80
148,778.85
149,835.63
US TREASURY N/B
DTD 08/15/2022 3.125% 08/15/2025
91282CFE6
505,000.00
AA+
Aaa
9/1/2022
9/6/2022
499,476.56
3.52
2,015.54
500,955.96
503,364.57
US TREASURY N/B
DTD 01/17/2023 3.875% 01/15/2026
91282CGE5
2,410,000.00
AA+
Aaa
2/7/2023
2/8/2023
2,395,219.92
4.10
19,794.09
2,411,130.29
2,403,506.14
US TREASURY N/B
DTD 10/16/2023 4.625% 10/15/2026
91282CJC6
565,000.00
AA+
Aaa
11/3/2023
11/6/2023
564,779.30
4.64
12,066.07
575,571.72
564,844.61
10

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Portfolio Holdings
|
Security Type/Description
Dated Date/Coupon/Maturity
CUSIP
Par
S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY N/B
DTD 12/15/2023 4.375% 12/15/2026
91282CJP7
580,000.00
AA+
Aaa
1/3/2024
1/4/2024
584,032.81
4.12
7,487.70
589,062.50
583,063.57
US TREASURY N/B
DTD 01/16/2024 4.000% 01/15/2027
91282CJT9
360,000.00
AA+
Aaa
1/26/2024
1/29/2024
358,396.88
4.16
3,052.17
362,868.84
358,745.73
US TREASURY N/B
DTD 02/15/2024 4.125% 02/15/2027
91282CKA8
930,000.00
AA+
Aaa
2/13/2024
2/15/2024
921,499.22
4.45
4,899.56
940,498.77
923,190.53
US TREASURY N/B
DTD 05/15/2017 2.375% 05/15/2027
912828X88
1,160,000.00
AA+
Aaa
3/14/2024
3/15/2024
1,089,221.88
4.46
10,406.11
1,124,475.00
1,101,467.23
US TREASURY N/B
DTD 05/15/2024 4.500% 05/15/2027
91282CKR1
450,000.00
AA+
Aaa
5/9/2024
5/15/2024
448,488.28
4.62
7,648.78
460,037.25
448,667.99
US TREASURY N/B
DTD 05/15/2024 4.500% 05/15/2027
91282CKR1
1,795,000.00
AA+
Aaa
6/5/2024
6/6/2024
1,793,667.77
4.53
30,510.12
1,835,037.48
1,793,805.90
US TREASURY N/B
DTD 07/15/2024 4.375% 07/15/2027
91282CKZ3
1,350,000.00
AA+
Aaa
8/1/2024
8/2/2024
1,363,763.67
4.00
12,518.68
1,377,843.75
1,363,041.32
US TREASURY N/B
DTD 07/15/2024 4.375% 07/15/2027
91282CKZ3
1,370,000.00
AA+
Aaa
7/18/2024
7/19/2024
1,376,421.88
4.21
12,704.14
1,398,256.25
1,376,014.57
US TREASURY N/B
DTD 08/15/2024 3.750% 08/15/2027
91282CLG4
650,000.00
AA+
Aaa
9/4/2024
9/5/2024
651,701.17
3.65
3,113.11
652,894.45
651,663.53
US TREASURY N/B
DTD 08/31/2022 3.125% 08/31/2027
91282CFH9
540,000.00
AA+
Aaa
4/1/2024
4/1/2024
517,028.91
4.48
1,445.10
533,102.58
520,399.97
US TREASURY N/B
DTD 11/15/2017 2.250% 11/15/2027
9128283F5
660,000.00
AA+
Aaa
4/12/2024
4/15/2024
607,870.31
4.67
5,609.10
634,012.50
614,600.58
17,755,000.00
17,473,808.80
144,631.49
17,767,307.04
Security Type Sub-Total
3.75
17,611,090.84
Municipal
SCOTTSDALE-REF
DTD 12/30/2020 0.608% 07/01/2025
810454BL1
55,000.00
AAA
Aaa
12/10/2020 12/30/2020
55,000.00
0.61
83.60
53,582.87
55,000.00
55,000.00
55,000.00
83.60
53,582.87
Security Type Sub-Total
0.61
55,000.00
11

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Portfolio Holdings
|
Security Type/Description
Dated Date/Coupon/Maturity
CUSIP
Par
S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Federal Agency
FEDERAL HOME LOAN BANK
(CALLABLE)
DTD 08/08/2022 4.100% 08/08/2025
3130ASRJ0
860,000.00
AA+
Aaa
8/5/2022
8/8/2022
859,570.00
4.12
5,191.06
858,659.26
859,877.77
FANNIE MAE  (CALLABLE)
DTD 08/30/2022 4.000% 08/28/2025
3135GACV1
130,000.00
AA+
Aaa
8/25/2022
8/30/2022
129,993.50
4.00
476.67
129,624.17
129,998.03
990,000.00
989,563.50
5,667.73
988,283.43
Security Type Sub-Total
4.10
989,875.80
Corporate
WALMART INC
DTD 09/09/2022 3.900% 09/09/2025
931142EW9
80,000.00
AA
Aa2
9/6/2022
9/9/2022
79,944.00
3.92
190.67
79,821.36
79,982.47
STATE STREET CORP  (CALLABLE)
DTD 02/07/2022 1.746% 02/06/2026
857477BR3
20,000.00
A
A1
2/2/2022
2/7/2022
20,000.00
1.75
53.35
19,764.48
20,000.00
CHARLES SCHWAB CORP
(CALLABLE)
DTD 05/13/2021 1.150% 05/13/2026
808513BR5
110,000.00
A-
A2
7/25/2024
7/26/2024
102,473.80
5.19
484.92
104,845.62
103,198.08
BANK OF AMERICA NA  (CALLABLE)
DTD 08/18/2023 5.526% 08/18/2026
06428CAA2
100,000.00
A+
Aa1
10/23/2023 10/24/2023
99,158.00
5.85
660.05
102,668.20
99,437.84
JP MORGAN CHASE BANK NA
(CALLABLE)
DTD 12/08/2023 5.110% 12/08/2026
48125LRU8
160,000.00
A+
Aa2
8/8/2024
8/9/2024
162,137.60
4.50
2,566.36
163,581.76
162,006.49
BANK OF AMERICA CORP
(CALLABLE)
DTD 01/20/2023 5.080% 01/20/2027
06051GLE7
100,000.00
A-
A1
2/1/2024
2/5/2024
100,027.00
5.07
1,001.89
100,806.60
100,021.02
BLACKROCK FUNDING INC
(CALLABLE)
DTD 07/26/2024 4.600% 07/26/2027
09290DAH4
100,000.00
AA-
Aa3
7/17/2024
7/26/2024
99,997.00
4.60
830.56
101,918.00
99,997.38
CATERPILLAR FINL SERVICE
DTD 08/16/2024 4.400% 10/15/2027
14913UAR1
150,000.00
A
A2
8/12/2024
8/16/2024
149,925.00
4.42
825.00
151,931.85
149,927.80
MASTERCARD INC  (CALLABLE)
DTD 09/05/2024 4.100% 01/15/2028
57636QBA1
90,000.00
A+
Aa3
9/3/2024
9/5/2024
89,950.50
4.12
266.50
90,642.06
89,951.73
BANK OF NY MELLON CORP
(CALLABLE)
DTD 02/07/2017 3.442% 02/07/2028
06406RAB3
305,000.00
A
A1
8/6/2024
8/7/2024
296,319.70
4.33
1,574.72
300,147.45
296,668.42
12

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Portfolio Holdings
|
Security Type/Description
Dated Date/Coupon/Maturity
CUSIP
Par
S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
JPMORGAN CHASE & CO
(CALLABLE)
DTD 04/22/2024 5.571% 04/22/2028
46647PEE2
110,000.00
A-
A1
6/3/2024
6/4/2024
110,733.70
5.38
2,706.58
113,384.37
110,656.61
1,325,000.00
1,310,666.30
11,160.60
1,329,511.75
Security Type Sub-Total
4.63
1,311,847.84
20,125,000.00
19,829,038.60
161,543.42
20,138,685.09
Managed Account Sub Total
Securities Sub Total
Accrued Interest
$20,125,000.00
$19,829,038.60
$161,543.42
$20,138,685.09
$161,543.42
19,967,814.48
$19,967,814.48
3.82
3.82%
Total Investments
$20,300,228.51
13

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Par ($)
CUSIP
Maturity
Date
Transact
Amount ($)
Coupon
Yield
at Market
Realized
G/L (BV)
Security Description
BUY
7/17/2024
7/26/2024
100,000.00
09290DAH4
BLACKROCK FUNDING INC  (CALLABLE)
4.60%
7/26/2027
99,997.00
4.60%
7/18/2024
7/19/2024
1,520,000.00
91282CKZ3
US TREASURY N/B
4.37%
7/15/2027
1,527,847.83
4.21%
7/25/2024
7/26/2024
110,000.00
808513BR5
CHARLES SCHWAB CORP  (CALLABLE)
1.15%
5/13/2026
102,730.31
5.19%
8/1/2024
8/2/2024
1,350,000.00
91282CKZ3
US TREASURY N/B
4.37%
7/15/2027
1,366,652.60
4.01%
8/6/2024
8/7/2024
305,000.00
06406RAB3
BANK OF NY MELLON CORP  (CALLABLE)
3.44%
2/7/2028
296,319.70
4.33%
8/8/2024
8/9/2024
160,000.00
48125LRU8
JP MORGAN CHASE BANK NA  (CALLABLE)
5.11%
12/8/2026
163,522.98
4.50%
8/12/2024
8/16/2024
150,000.00
14913UAR1
CATERPILLAR FINL SERVICE
4.40%
10/15/2027
149,925.00
4.42%
9/3/2024
9/5/2024
90,000.00
57636QBA1
MASTERCARD INC  (CALLABLE)
4.10%
1/15/2028
89,950.50
4.12%
9/4/2024
9/5/2024
650,000.00
91282CLG4
US TREASURY N/B
3.75%
8/15/2027
653,092.13
3.65%
Total  BUY
4,435,000.00
4,450,038.05
0.00
INTEREST
7/1/2024
7/1/2024
55,000.00
810454BL1
SCOTTSDALE-REF
0.60%
7/1/2025
167.20
7/1/2024
7/1/2024
MONEY0002
MONEY MARKET FUND
0.00%
2,352.90
7/15/2024
7/15/2024
150,000.00
91282CEY3
US TREASURY N/B
3.00%
7/15/2025
2,250.00
7/15/2024
7/15/2024
360,000.00
91282CJT9
US TREASURY N/B
4.00%
1/15/2027
7,200.00
7/15/2024
7/15/2024
2,410,000.00
91282CGE5
US TREASURY N/B
3.87%
1/15/2026
46,693.75
7/15/2024
7/15/2024
110,000.00
91282CDS7
US TREASURY N/B
1.12%
1/15/2025
618.75
14

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Par ($)
CUSIP
Maturity
Date
Transact
Amount ($)
Coupon
Yield
at Market
Realized
G/L (BV)
Security Description
INTEREST
7/20/2024
7/20/2024
100,000.00
06051GLE7
BANK OF AMERICA CORP  (CALLABLE)
5.08%
1/20/2027
2,540.00
7/31/2024
7/31/2024
270,000.00
912828Z52
US TREASURY N/B
1.37%
1/31/2025
1,856.25
8/1/2024
8/1/2024
MONEY0002
MONEY MARKET FUND
0.00%
4,826.50
8/6/2024
8/6/2024
20,000.00
857477BR3
STATE STREET CORP  (CALLABLE)
1.74%
2/6/2026
174.60
8/8/2024
8/8/2024
860,000.00
3130ASRJ0
FEDERAL HOME LOAN BANK  (CALLABLE)
4.10%
8/8/2025
17,630.00
8/15/2024
8/15/2024
505,000.00
91282CFE6
US TREASURY N/B
3.12%
8/15/2025
7,890.63
8/15/2024
8/15/2024
930,000.00
91282CKA8
US TREASURY N/B
4.12%
2/15/2027
19,181.25
8/15/2024
8/15/2024
1,140,000.00
91282CDZ1
US TREASURY N/B
1.50%
2/15/2025
8,550.00
8/18/2024
8/18/2024
100,000.00
06428CAA2
BANK OF AMERICA NA  (CALLABLE)
5.52%
8/18/2026
2,763.00
8/28/2024
8/28/2024
3135GACV1
FANNIE MAE  (CALLABLE)
4.00%
8/28/2025
2,600.00
8/31/2024
8/31/2024
91282CFH9
US TREASURY N/B
3.12%
8/31/2027
8,437.50
9/3/2024
9/3/2024
MONEY0002
MONEY MARKET FUND
0.00%
504.37
9/9/2024
9/9/2024
931142EW9
WALMART INC
3.90%
9/9/2025
1,560.00
Total  INTEREST
7,010,000.00
137,796.70
0.00
MATURITY
7/19/2024
7/19/2024
1,520,000.00
3133EPK38
FEDERAL FARM CREDIT BANK NOTES (CALLED,O
5.58%
7/19/2024
1,529,895.20
15

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Par ($)
CUSIP
Maturity
Date
Transact
Amount ($)
Coupon
Yield
at Market
Realized
G/L (BV)
Security Description
MATURITY
8/9/2024
8/9/2024
60,000.00
46647PCM6
JPMORGAN CHASE & CO CORP NOTES (CALLED,
0.76%
8/9/2024
60,230.40
Total  MATURITY
1,580,000.00
1,590,125.60
0.00
SELL
7/17/2024
7/18/2024
100,000.00
91282CCX7
US TREASURY N/B
0.37%
9/15/2024
99,338.32
-760.33
8/1/2024
8/2/2024
235,000.00
91282CCX7
US TREASURY N/B
0.37%
9/15/2024
233,939.95
-1,359.62
8/1/2024
8/2/2024
55,000.00
91282CCX7
US TREASURY N/B
0.37%
9/15/2024
54,751.90
-314.78
8/6/2024
8/7/2024
105,000.00
91282CDB4
US TREASURY N/B
0.62%
10/15/2024
104,306.17
-879.06
8/6/2024
8/7/2024
195,000.00
91282CDB4
US TREASURY N/B
0.62%
10/15/2024
193,711.44
25.54
8/8/2024
8/9/2024
105,000.00
91282CDB4
US TREASURY N/B
0.62%
10/15/2024
104,334.36
11.94
8/12/2024
8/13/2024
150,000.00
91282CKZ3
US TREASURY N/B
4.37%
7/15/2027
152,726.13
1,520.88
9/4/2024
9/5/2024
605,000.00
91282CDB4
US TREASURY N/B
0.62%
10/15/2024
603,523.27
92.20
9/5/2024
9/5/2024
50,000.00
91282CDH1
US TREASURY N/B
0.75%
11/15/2024
49,708.90
-391.92
Total  SELL
1,600,000.00
1,596,340.44
-2,055.15
16

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Par ($)
CUSIP
Maturity
Date
Transact
Amount ($)
Coupon
Yield
at Market
Realized
G/L (BV)
Security Description
Tran.
Type
7/17/2024
7/26/2024
100,000.00
09290DAH4
BLACKROCK FUNDING INC
4.60%
7/26/2027
99,997.00
4.60%
BUY
7/18/2024
7/19/2024
1,520,000.00
91282CKZ3
US TREASURY N/B
4.37%
7/15/2027
1,527,847.83
4.21%
BUY
7/25/2024
7/26/2024
110,000.00
808513BR5
CHARLES SCHWAB CORP  (CALLABLE)
1.15%
5/13/2026
102,730.31
5.19%
BUY
8/1/2024
8/2/2024
1,350,000.00
91282CKZ3
US TREASURY N/B
4.37%
7/15/2027
1,366,652.60
4.01%
BUY
8/6/2024
8/7/2024
305,000.00
06406RAB3
BANK OF NY MELLON CORP
3.44%
2/7/2028
296,319.70
4.33%
BUY
8/8/2024
8/9/2024
160,000.00
48125LRU8
JP MORGAN CHASE BANK NA
5.11%
12/8/2026
163,522.98
4.50%
BUY
8/12/2024
8/16/2024
150,000.00
14913UAR1
CATERPILLAR FINL SERVICE
4.40%
10/15/2027
149,925.00
4.42%
BUY
9/3/2024
9/5/2024
90,000.00
57636QBA1
MASTERCARD INC  (CALLABLE)
4.10%
1/15/2028
89,950.50
4.12%
BUY
9/4/2024
9/5/2024
650,000.00
91282CLG4
US TREASURY N/B
3.75%
8/15/2027
653,092.13
3.65%
BUY
7/1/2024
7/1/2024
55,000.00
810454BL1
SCOTTSDALE-REF
0.60%
7/1/2025
167.20
INTEREST
7/1/2024
7/1/2024
MONEY0002
MONEY MARKET FUND
0.00%
2,352.90
INTEREST
7/15/2024
7/15/2024
150,000.00
91282CEY3
US TREASURY N/B
3.00%
7/15/2025
2,250.00
INTEREST
7/15/2024
7/15/2024
360,000.00
91282CJT9
US TREASURY N/B
4.00%
1/15/2027
7,200.00
INTEREST
7/15/2024
7/15/2024
2,410,000.00
91282CGE5
US TREASURY N/B
3.87%
1/15/2026
46,693.75
INTEREST
7/15/2024
7/15/2024
110,000.00
91282CDS7
US TREASURY N/B
1.12%
1/15/2025
618.75
INTEREST
7/20/2024
7/20/2024
100,000.00
06051GLE7
BANK OF AMERICA CORP  (CALLABLE)
5.08%
1/20/2027
2,540.00
INTEREST
7/31/2024
7/31/2024
270,000.00
912828Z52
US TREASURY N/B
1.37%
1/31/2025
1,856.25
INTEREST
8/1/2024
8/1/2024
MONEY0002
MONEY MARKET FUND
0.00%
4,826.50
INTEREST
17

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Par ($)
CUSIP
Maturity
Date
Transact
Amount ($)
Coupon
Yield
at Market
Realized
G/L (BV)
Security Description
Tran.
Type
8/6/2024
8/6/2024
20,000.00
857477BR3
STATE STREET CORP  (CALLABLE)
1.74%
2/6/2026
174.60
INTEREST
8/8/2024
8/8/2024
860,000.00
3130ASRJ0
FEDERAL HOME LOAN BANK
4.10%
8/8/2025
17,630.00
INTEREST
8/15/2024
8/15/2024
505,000.00
91282CFE6
US TREASURY N/B
3.12%
8/15/2025
7,890.63
INTEREST
8/15/2024
8/15/2024
930,000.00
91282CKA8
US TREASURY N/B
4.12%
2/15/2027
19,181.25
INTEREST
8/15/2024
8/15/2024
1,140,000.00
91282CDZ1
US TREASURY N/B
1.50%
2/15/2025
8,550.00
INTEREST
8/18/2024
8/18/2024
100,000.00
06428CAA2
BANK OF AMERICA NA  (CALLABLE)
5.52%
8/18/2026
2,763.00
INTEREST
8/28/2024
8/28/2024
3135GACV1
FANNIE MAE  (CALLABLE)
4.00%
8/28/2025
2,600.00
INTEREST
8/31/2024
8/31/2024
91282CFH9
US TREASURY N/B
3.12%
8/31/2027
8,437.50
INTEREST
9/3/2024
9/3/2024
MONEY0002
MONEY MARKET FUND
0.00%
504.37
INTEREST
9/9/2024
9/9/2024
931142EW9
WALMART INC
3.90%
9/9/2025
1,560.00
INTEREST
7/19/2024
7/19/2024
1,520,000.00
3133EPK38
FEDERAL FARM CREDIT BANK NOTES
5.58%
7/19/2024
1,529,895.20
MATURITY
8/9/2024
8/9/2024
60,000.00
46647PCM6
JPMORGAN CHASE & CO CORP NOTES
0.76%
8/9/2024
60,230.40
MATURITY
7/17/2024
7/18/2024
100,000.00
91282CCX7
US TREASURY N/B
0.37%
9/15/2024
99,338.32
-760.33
SELL
8/1/2024
8/2/2024
235,000.00
91282CCX7
US TREASURY N/B
0.37%
9/15/2024
233,939.95
-1,359.62
SELL
8/1/2024
8/2/2024
55,000.00
91282CCX7
US TREASURY N/B
0.37%
9/15/2024
54,751.90
-314.78
SELL
8/6/2024
8/7/2024
105,000.00
91282CDB4
US TREASURY N/B
0.62%
10/15/2024
104,306.17
-879.06
SELL
8/6/2024
8/7/2024
195,000.00
91282CDB4
US TREASURY N/B
0.62%
10/15/2024
193,711.44
25.54
SELL
8/8/2024
8/9/2024
105,000.00
91282CDB4
US TREASURY N/B
0.62%
10/15/2024
104,334.36
11.94
SELL
18

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Par ($)
CUSIP
Maturity
Date
Transact
Amount ($)
Coupon
Yield
at Market
Realized
G/L (BV)
Security Description
Tran.
Type
8/12/2024
8/13/2024
150,000.00
91282CKZ3
US TREASURY N/B
4.37%
7/15/2027
152,726.13
1,520.88
SELL
9/4/2024
9/5/2024
605,000.00
91282CDB4
US TREASURY N/B
0.62%
10/15/2024
603,523.27
92.20
SELL
9/5/2024
9/5/2024
50,000.00
91282CDH1
US TREASURY N/B
0.75%
11/15/2024
49,708.90
-391.92
SELL
TOTALS
7,774,300.79
-2,055.15
14,625,000.00
19

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Appendix
|
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to
any specific objectives or financial circumstances.
Investment advisory services are provided by PFM Asset Management LLC ("PFMAM"), an investment adviser registered with the U.S. Securities and Exchange
Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM"). USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank").  U.S. Bank
is a separate entity and subsidiary of U.S. Bancorp.  U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM.  The
information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.
PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sources
external to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely
on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements. While efforts
are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References to particular issuers are
for illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and index characteristics are
gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion of
the strategy rated by a NRSRO.
It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets.
Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of any sales
charges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investment performance to be
lower than the performance shown.
The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast,
projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinion as
of the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct as actual
events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions and data
presented are not necessarily indicative of future events or expected performance.
For more information regarding PFMAM's services or entities, please visit www.pfmam.com.
© 2023 PFM Asset Management LLC. Further distribution is not permitted without prior written consent.
20

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Appendix
|
Important Disclosures
Market values that include accrued interest are derived from closing bid prices as of the last business day of the month as supplied by Refinitiv, Bloomberg, or 
Telerate. Where prices are not available from generally recognized sources, the securities are priced using a yield-based matrix system to arrive at an estimated 
market value.
In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly 
balances, and forward settling sales are excluded.
Performance is presented in accordance with the CFA Institute's Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is shown 
gross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past 
performance is not indicative of future returns.
Bank of America/Merrill Lynch Indices provided by Bloomberg Financial Markets.
Money market fund/cash balances are included in performance and duration computations.
Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings.
Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity.
MBS maturities are represented by expected average life.
21

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Appendix
|
Glossary
Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made.
Agencies: Federal agency securities and/or Government-sponsored enterprises.
Amortized Cost: The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase
date until the date of the report. Discount or premium with respect to short-term securities (those with less than one year to maturity at time of issuance) is amortized
on a straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis.
Asset-Backed Security: A financial instrument collateralized by an underlying pool of assets – usually ones that generate a cash flow from debt, such as loans,
leases, credit card balances, and receivables.
Bankers’ Acceptance: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer.
Commercial Paper: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory.
Contribution to Total Return: The weight of each individual security multiplied by its return, then summed for each sector to determine how much each sector added
or subtracted from the overall portfolio performance.
Effective Duration: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years.
Effective Yield: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compounding
on investment returns, while nominal yield does not.
FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount.
Interest Rate: Interest per year divided by principal amount and expressed as a percentage.
Market Value: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date.
Maturity: The date upon which the principal or stated value of an investment becomes due and payable.
Negotiable Certificates of Deposit: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets.
Par Value: The nominal dollar face amount of a security.
Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is the
mortgage-backed security.
22

© PFM Asset Management LLC     pfmam.com
CITY OF CHANDLER
For the Quarter Ended September 30, 2024
Appendix
|
Glossary
Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.
Settle Date: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments and
maturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day.
Supranational: A multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whose
decisions are binding on its members.
Trade Date: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place.
Unsettled Trade: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place.
U.S. Treasury: The department of the U.S. government that issues Treasury securities.
Yield: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a
percentage on an annualized basis.
YTM at Cost: The yield to maturity at cost is the expected rate of return based on the original cost, the annual interest receipts, maturity value, and the time period
from purchase date to maturity, stated as a percentage on an annualized basis.
YTM at Market: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the time
period remaining until maturity, stated as a percentage on an annualized basis.
23