COUNTY OF ORANGE - Orange County, California

COUNTY OF ORANGE

TREASURER'S INVESTMENT REPORT For May 31, 2012

Table of Contents

I. Memo to Board of Supervisors 3

II. Investment Pool Summary, Statistics and Charts 5

III. Investment Objectives 8 - Safety - Investment Type/Credit Quality/Issuer Concentration/Issuer List - Liquidity - Maturities Distribution - Yield - Interest Rate Yield

IV. Cash Availability Projection per California Government Code Section 53646(b)(3) 18

V. Statement of Accountability 19

VI. Investment Policy Compliance Summary 20

- Investment Policy Compliance Summary - Noncompliance Detail

VII. Portfolio Investment Inventory with Market Values 22 - Extended Fund, County and Educational Money Market Funds - John Wayne Airport Investment Pool/Non-pooled Investments - Investments with Trustees - CEO/Public Finance - Investments with Trustees - John Wayne Airport - Portfolio Holdings of Debt Issued by Pool Participants -Temporary and Bridge Transfers to School Districts

VIII. Detailed Transaction Reports 58 - Transaction Report by Fund for all Funds - Money Market Mutual Fund Transactions

IX. Distribution List 98

2

3

http://bos.ocgov.com/ocinvestments�

4

MAY 2012 APRIL 2012 NET CHANGE % MAY 2011

NET CHANGE

%

Orange County Investment Pool

End Of Month Market Value*** 3,313,364,977$ 3,574,489,407$ $ (261,124,430) -7.88% 3,228,748,784$ $ 84,616,193 2.55%

End Of Month Book Value 3,309,038,367$ 3,569,098,877$ $ (260,060,510) -7.86% 3,222,108,642$ $ 86,929,725 2.63%

Monthly Average Balance 3,451,142,030$ 4,262,927,210$ $ (811,785,180) -23.52% 3,325,433,286$ $ 125,708,744 3.64%

Year-To-Date Average Balance 3,353,964,089$ 3,344,246,295$ $ 9,717,794 0.29% 3,329,492,288$ $ 24,471,801 0.73%

Monthly Accrued Earnings 1,538,888$ 1,443,488$ $ 95,400 6.20% 2,025,021$ $ (486,133) -31.59%

Monthly Net Yield** 0.45% 0.33% 0.12% 26.07% 0.60% -0.16% -35.73%

Annual Estimated Gross Yield * 0.50% 0.50% 0.00% 0.00% 0.62% -0.12% -24.00%

Weighted Average Maturity (WAM) **** 344 290 54 15.7% 344 0 0.0%

Orange County Educational Investment Pool

End Of Month Market Value 2,815,110,341$ 3,347,995,484$ $ (532,885,143) -18.93% 3,175,022,493$ $ (359,912,152) -12.79%

End Of Month Book Value 2,811,603,331$ 3,343,524,087$ $ (531,920,756) -18.92% 3,169,510,492$ $ (357,907,161) -12.73%

Monthly Average Balance 3,088,104,771$ 2,939,742,925$ $ 148,361,846 4.80% 3,420,499,121$ $ (332,394,350) -10.76%

Year-To-Date Average Balance 3,007,766,608$ 2,999,732,792$ $ 8,033,816 0.27% 2,940,633,237$ $ 67,133,371 2.23%

Monthly Accrued Earnings 1,285,326$ 1,070,131$ $ 215,195 16.74% 1,701,870$ $ (416,544) -32.41%

Monthly Net Yield** 0.39% 0.37% 0.03% 6.38% 0.49% -0.09% -23.72%

Annual Estimated Gross Yield * 0.50% 0.50% 0.00% 0.00% 0.60% -0.10% -20.00%

Weighted Average Maturity (WAM) **** 332 256 76 22.9% 286 46 13.9%

*** Yields increased primarily due to one-time realized gains from sales of U.S Government bullet securities. Proceeds were invested in U.S Government callables with higher yields due to spreads widening.*** Market values provided by Bloomberg and Northern Trust**** The WAM increased primarily due to investing in U.S Government callable securities with longer maturities.

CHANGE

Forecasted Annual Gross Yield was originally budgeted at 0.75%

ORANGE COUNTY TREASURER-TAX COLLECTOR

SUMMARY OF INVESTMENT DATA

INVESTMENT TRENDS

INCREASE (DECREASE)

5

ORANGE COUNTY TREASURER-TAX COLLECTORINVESTMENT POOL STATISTICS

FOR THE MONTH ENDED: May 31, 2012

INVESTMENT STATISTICS - By Investment Pool***

COMBINED POOL BALANCES (includes the Extended Fund)

MARKET Value 3,313,364,977$ 344 0.45% 1.00

COST (Capital) 3,312,452,860$ 0.53%

MONTHLY AVG Balance 3,451,142,030$

BOOK Value 3,309,038,367$

MARKET Value 2,815,110,341$ 332 0.42% 1.00

COST (Capital) 2,814,877,313$ 0.49%


BOOK Value 2,811,603,331$

INVESTMENT STATISTICS - Non Pooled Investments **

DESCRIPTION CURRENT BALANCE BOOK BALANCE BY INVESTMENT TYPE

Specific Investment

Funds: MARKET Value 56,914,304$ Money Market Mutual Funds 6,012,256$

112, 283, 497, 505 COST (Capital) 57,002,488$ Repurchase Agreement 1,081,500

510, 514, 15B MONTHLY AVG Balance 56,977,442$ John Wayne Airport Investment Pool 49,791,191

117,540

57,002,488$

MONTH END TOTALSINVESTMENTS & CASH FUND ACCOUNTING & SPECIFIC INVESTMENTS

COUNTY MONEY MARKET FUND

County Money Market Fund 1,660,129,026$ County Funds 3,298,062,582$

County Cash ***** (10,458,373) Educational Funds 2,992,363,343

County Pool - Bridge Transfer Receivable 23,832,056 Specific Investment Funds 57,002,488

EXTENDED FUND 3,002,323,834

EDUCATIONAL MONEY MARKET FUND

Educational Money Market Fund 1,464,877,313

Educational Cash 2,722,068

Educational Pool - Temporary Transfer Receivable 147,000,000

NON-POOLED INVESTMENT

Non Pooled Investments @ Cost 57,002,488

6,347,428,413$ 6,347,428,413$

KEY POOL STATISTICSINTEREST RATE YIELD WEIGHTED AVERAGE MATURITY (WAM)

0.17% COUNTY MONEY MARKET FUND 59

0.17% EDUCATIONAL MONEY MARKET FUND 59

0.19% JOHN WAYNE AIRPORT WAM 54

0.45% LGIP WAM (Standard & Poors) 45

0.43% I-MONEY NET PRIME MMF WAM 41

0.07%

0.08%


GNMA Mortgage-Backed Securities

COUNTY MONEY MARKET FUND - MONTHLY GROSS YIELD

EDUCATIONAL MONEY MARKET FUND - MONTHLY GROSS YIELD

CURRENT BALANCESDESCRIPTION


Current NAVMONTHLY Gross Yield

Average Days to Maturity

Daily Yieldas of 5/31/12

JOHN WAYNE AIRPORT - MONTHLY GROSS YIELD

COUNTY INVESTMENT POOL - YTD NET YIELD****

EDUCATIONAL INVESTMENT POOL - YTD NET YIELD****

I-MONEY NET PRIME MONEY MARKET FUND - MONTHLY AVERAGE NET YIELD

90-DAY T-BILL YIELD MONTHLY AVERAGE

6

ORANGE COUNTY TREASURER-TAX COLLECTORINVESTMENT POOL STATISTICS

FOR THE MONTH ENDED: May 31, 2012

INVESTMENT STATISTICS - By Investment Fund*

DESCRIPTION CURRENT BALANCES

MARKET Value 1,658,832,465$ 59 0.16% 1.00

COST (Capital) 1,660,129,026$ 0.17%


BOOK Value 1,658,762,766$

MARKET Value 1,463,305,781$ 59 0.16% 1.00

COST (Capital) 1,464,877,313$ 0.17%


BOOK Value 1,463,276,801$

MARKET Value 3,006,337,072$ 629 0.75% 1.00

COST (Capital) 3,002,323,834$ 0.91%


BOOK Value 2,998,602,131$

ALLOCATION OF EXTENDED FUND

Extended FundCounty Share MARKET Value 1,654,532,513$ 629 0.75% 1.00

COST (Capital) 1,652,323,834$ 0.91%


BOOK Value 1,650,275,601$

Educational Share MARKET Value 1,351,804,559$ 629 0.75% 1.00

COST (Capital) 1,350,000,000$ 0.91%


BOOK Value 1,348,326,530$

Duration 1.71

* Book Value is computed as Cost reduced by amortization of premium and increased by the accretion

of discount of the Investment Portfolio. Net Asset Value (NAV) is equal to Market Value divided by Book Value.

** Specific non pooled investments are reported in compliance with Government Code Section 53646 (b)(1). Detailed

descriptions are included in the inventory listing in Section VII of this report.

*** The Combined Pool Balances include the County and Educational Money Market Funds and their respective portions of the Extended Fund.

**** This is the OCIP-Net Yield which differs from the monthly average yield above due to the Treasury administrative fees.

***** The negative accounting book balance is due to cash received by the County from the State in late May and booked in June. The cash bank balance on May 31 was $3,579,213.17.

Educational Money Market Fund

Extended Fund

Current NAVAverage Days to Maturity

Daily Yieldas of 5/31/12

MONTHLY Gross Yield

County Money Market Fund

7

ORANGE COUNTY TREASURER - TAX COLLECTORBY INVESTMENT TYPE - By Percentage Holdings

May 31, 2012

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

In Thousands % In Thousands % In Thousands %

CERTIFICATES OF DEPOSIT 130,044$ 3.92% CERTIFICATES OF DEPOSIT 102,210$ 3.63% CERTIFICATES OF DEPOSIT 3,250$ 6.54%

COMMERCIAL PAPER 100,496 3.05% COMMERCIAL PAPER - 0.00% COMMERCIAL PAPER 2,250 4.53%

U.S. GOVERNMENT AGENCIES 2,085,201 62.93% U.S. GOVERNMENT AGENCIES 1,851,188 65.76% U.S. GOVERNMENT AGENCIES 30,300 60.98%

MONEY MARKET FUNDS 297,262 8.97% MONEY MARKET FUNDS 258,006 9.17% MONEY MARKET FUNDS 237 0.48%

MEDIUM - TERM NOTES 198,895 6.00% MEDIUM - TERM NOTES 148,383 5.27% MEDIUM - TERM NOTES 1,016 2.04%MEDIUM - TERM NOTES - FDIC 239,716 7.23% MEDIUM - TERM NOTES - FDIC 197,150 7.00% MEDIUM - TERM NOTES - FDIC 8,135 16.37%

MUNICIPAL DEBT 98,693 2.98% MUNICIPAL DEBT 83,832 2.98% MUNICIPAL DEBT 1,500 3.02%

U.S. TREASURIES 163,058 4.92% U.S. TREASURIES 174,341 6.19% U.S. TREASURIES 3,000 6.04%

3,313,365$ 100.00% 2,815,110$ 100.00% 49,688$ 100.00%

Investment Composition Is In Compliance With The Orange County Treasurer's Investment Policy Statement

Calculated Using Market Value at 05/31/2012

Orange County Investment Pool Orange County Educational Investment Pool John Wayne Airport Investment Pool

0%Orange County Investment Pool Orange County Educational Investment Pool John Wayne Airport Investment Pool

8

US GOV Includes Agency & Treasury Debt

AA Includes AA+, AA- & AA

A Includes A+,A- & A

A-1 Includes A-1+, F-1+, P-1, A-1 & F-1

ORANGE COUNTY TREASURER - TAX COLLECTORCREDIT QUALITY BY MARKET VALUE

May 31, 2012

US GOV Total 60%

AAA Total 18%

AA Total 19%

A-1 Total 0.3%

A Total 3%


US GOV Total 69%

AAA Total 9%

AA Total 14%

A-1 Total 0.3%

A Total 8%


9

US GOV Includes Agency & Treasury Debt

AA Includes AA+, AA- & AA

A Includes A+,A- & A

A-1 Includes A-1+, F-1+, P-1, A-1 & F-1

ORANGE COUNTY TREASURER - TAX COLLECTORCREDIT QUALITY BY MARKET VALUE

May 31, 2012

US GOV Total 69%

AAA Total 0.5%

AA Total 22%

A-1 Total 4%

A Total 5%

John Wayne Airport

US GOV Total 52%

AAA Total 18%

AA Total 26%

A-1 Total 0.3%

A Total 4%

County Money Market Fund

US GOV Total 60%

AAA Total 18%

AA Total 19%

A-1 Total 0.3%

A Total 3%

Educational Money Market Fund

US GOV Total 86%

AAA Total 2%

AA Total 0.4%

A-1 Total 12%

Extended Fund

10

ORANGE COUNTY TREASURER - TAX COLLECTORISSUER CONCENTRATION-By Investment Pool

May 31, 2012

0.59%

1.68%

1.96%

1.96%

1.76%

0.03%

0.66%

1.61%

1.68%

1.95%

0.08%

0.49%

MORGAN STANLEY

OC TRANSPORTATION AUTHORITY

ROYAL BANK OF CANADA

TORONTO DOMINION BANK NY

WAL-MART STORES INC

WELLS FARGO BANK

er

3.12%

1.36%

1.30%

4.24%

2.19%

2.26%

0.70%

2.50%

1.37%

4.59%

1.54%

1.74%

0.68%

0.00% 1.00% 2.00% 3.00% 4.00% 5.00%

BERKSHIRE HATHAWAY INC

CHEVRON CORP

COUNTY OF ORANGE

GENERAL ELEC CAP CORP

GOLDMAN SACHS GROUP INC

JP MORGAN CHASE & CO

MICROSOFT CORP

Percent of Investment Pool

Issu

e

ORANGE COUNTY EDUCATIONAL INVESTMENT POOL ORANGE COUNTY INVESTMENT POOL11

ORANGE COUNTY TREASURER - TAX COLLECTORISSUER CONCENTRATION - JOHN WAYNE AIRPORT INVESTMENT POOL

May 31, 2012

2.52%

2.24%

2.18%

1.51%

1.01%

ROYAL BANK OF CANADA

MORGAN STANLEY

GOLDMAN SACHS GROUP INC

NESTLE CAPITAL CORP

WAL-MART STORES INC

r

4.06%

4.05%

4.03%

4.03%

3.88%

3.02%

0.00% 1.00% 2.00% 3.00% 4.00% 5.00%

BERKSHIRE HATHAWAY INC

GENERAL ELEC CAP CORP

WELLS FARGO BANK

TORONTO DOMINION BANK NY

JP MORGAN CHASE & CO

COUNTY OF ORANGE

Percent of Investment Pool

Issu

er

12

S/T RATINGS L/T RATINGS

S&P MDY FI S&P MDY FI

AUTOMATIC DATA PROCESSNG A-1+ P-1 NR AAA Aaa NR

BERKSHIRE HATHAWAY INC A-1+ P-1 NR AA+ Aa2 AA-

BERKSHIRE HATHAWAY FINANCE A-1+ P-1 NR AA+ Aa2 AA-

NETJETS INC A-1+ P-1 NR NR NR NR

CHEVRON CORPORATION A-1+ P-1 F1+ AA Aa1 AA

JOHNSON & JOHNSON A-1+ P-1 F1+ AAA Aaa AAA

MICROSOFT CORP NR P-1 F1+ AAA Aaa AA+

NESTLE CAPITAL CORP A-1+ P-1 F1+ AA Aa2 AA+

WAL-MART STORES INC A-1+ P-1 F1+ AA Aa2 AA

S/T RATING L/T RATING


ROYAL BANK OF CANADA NY A-1+ P-1 F1+ AA- Aa1 *- AA

TORONTO DOMINION BANK NY A-1+ P-1 F1+ AA- Aaa AA-

May 31, 2012

ORANGE COUNTY TREASURER-TAX COLLECTORAPPROVED ISSUER LIST

COMMERCIAL PAPER / MEDIUM TERM NOTES

ISSUER (Shared Structure)

MUNICIPAL BONDS

NAME

STATE OR NATIONALLY CHARTERED BANKS



ORANGE CNTY CA PENSION OBLG 2012 A NR NR NR A+ Aa2 NR



GENERAL ELEC CAP CORP A-1+ P-1 NR AA+ A1 NR

GOLDMAN SACHS GROUP INC A-2 P-1 *- F1 A- A1 *- A

HSBC USA INC A-1 P-1 *- F1+ A+ A1 *- AA

JP MORGAN CHASE & CO A-1 P-1 F1 A Aa3 *- A+ *-

MORGAN STANLEY A-2 P-1 *- F1 A- A2 *- A

US BANCORP A-1 P-1 F1+ A Aa3 AA-

WELLS FARGO & COMPANY A-1 P-1 F1+ A+ A2 AA-



GENERAL ELECTRIC CO A-1+ P-1 NR AA+ Aa3 NR

* Issuers whose debt is held by the Investment Pools, but are no longer on the Approved Issuer List. The Credit Investment Committee reviewed the issuer as per the investment policy and made the decision not to sell at this time.

NAME

NAME

ISSUERS ON HOLD *

FDIC - TLGP

NAME

13

Orange County Treasurer-Tax Collector Changes in Approved Issuer’s List For the Month Ended May 31, 2012

During May, there were no changes to the Treasurer’s Approved Issuer List.

14

ORANGE COUNTY TREASURER - TAX COLLECTORMATURITIES DISTRIBUTION

May 31, 2012

0%

5%

10%

15%

20%

25%

30%

35%

1 to 7 days 8 to 30 days 31 to 60 days 61 to 90 days 91 to 180 days 181 to 395 days 14 to 18 mos 19 to 24 mos 25 to 30 mos 31 to 36 mos 37 to 60 mos

In Thousands % In Thousands % In Thousands %

1 TO 7 DAYS 746,586$ 22.60% 1 TO 7 DAYS 486,600$ 17.34% 1 TO 7 DAYS 16,662$ 33.55%8 TO 30 DAYS 605,512 18.33% 8 TO 30 DAYS 613,054 21.85% 8 TO 30 DAYS 16,293 32.82%31 TO 60 DAYS 44,373 1.34% 31 TO 60 DAYS 94,564 3.37% 31 TO 60 DAYS 6,270 12.63%61 TO 90 DAYS 33,212 1.02% 61 TO 90 DAYS 36,111 1.29% 61 TO 90 DAYS 3,500 7.06%91 TO 180 DAYS 22,490 0.68% 91 TO 180 DAYS 71,453 2.55% 91 TO 180 DAYS 1,000 2.01%181 TO 395 DAYS 712,816 21.58% 181 TO 395 DAYS 574,278 20.47% 181 TO 395 DAYS 5,921 11.93%14 TO 18 MONTHS 418,933 12.68% 14 TO 18 MONTHS 342,282 12.20%19 TO 24 MONTHS 235,731 7.14% 19 TO 24 MONTHS 192,599 6.86%25 TO 30 MONTHS 197,486 5.98% 25 TO 30 MONTHS 161,353 5.75%31 TO 36 MONTHS 113,988 3.45% 31 TO 36 MONTHS 93,132 3.32%37 TO 60 MONTHS 171,628 5.20% 37 TO 60 MONTHS 140,226 5.00%

TOTAL 3,302,755$ 100.00% TOTAL 2,805,652$ 100.00% TOTAL 49,646$ 100.00%

Floating Rate Notes are deemed to have a maturity date equal to their next interest reset date. At 05/31/2012, Floating Rate Notes comprise 19.10%, 19.60%, and 35.60% of the Orange County Investment Pool, Orange County Educational Investment Pool, and JWA

Investment Pool respectively.

Maturity Limits Are In Compliance With The Orange County Treasurer's Investment Policy Statement

ORANGE COUNTY EDUCATIONAL INVESTMENT POOL

ORANGE COUNTY INVESTMENT POOL

JOHN WAYNE AIRPORT INVESTMENT POOL

15

ORANGE COUNTY PORTFOLIOS vs SELECTED MONEY MARKET YIELDS(INTEREST RATE YIELD)

For The Period May 2002 to May 2012

4.00

5.00

6.00

1 00

2.00

3.00

0.00

1.00

SCHOOLS COUNTY 90-DAY T-BILL Prime MMF* OCIP-NET

90

100

ORANGE COUNTY MONEY MARKET POOLS vs SELECTED AVERAGES WEIGHTED AVERAGE MATURITY (WAM)

For The Period May 2002 to May 2012

50

60

70

80

10

20

30

40

•Prime MMF: Rated Money Fund Report Average-Prime Institutional from I-Money Net

•As of May 31, 2012 Prime MMF Yield – 0.17; WAM-41; LGIP WAM -45; 90-Day T-Bill – 0.08; OCIP – Net – 0.46

10

SCHOOLS COUNTY LGIP Prime MMF*

16

ORANGE COUNTY TREASURER-TAX COLLECTORINVESTMENT POOL YIELDSJune 1, 2011 - May 31, 2012

PERIOD ENDING - MONTH / YEAR MONTH END MARKET VALUE

EARNINGS FOR MONTH

GROSS AVERAGE YIELD FOR

MONTHMONTH

END WAMCurrent Month - May 2012

County Pool - Money Market Fund 1,658,832,465$ 267,038$ 0.17% 59 Educational Pool - Money Market Fund 1,463,305,781$ 243,666$ 0.17% 59 Extended Fund 3,006,337,072$ 2,313,510$ 0.91% 629

April 2012County Pool - Money Market Fund 1,919,574,506$ 392,642$ 0.18% 60 Educational Pool - Money Market Fund 1,995,855,292$ 210,488$ 0.16% 51 Extended Fund 3,007,055,094$ 1,910,490$ 0.77% 559

March 2012County Pool - Money Market Fund 1,937,115,182$ 230,083$ 0.17% 52 Educational Pool - Money Market Fund 1,473,651,276$ 230,552$ 0.16% 57 Extended Fund 2,992,257,094$ 1,966,895$ 0.77% 518

February 2012County Pool - Money Market Fund 1,618,895,973$ 215,304$ 0.17% 56 Educational Pool - Money Market Fund 1,702,918,932$ 231,002$ 0.15% 58 Extended Fund 3,002,982,508$ 2,328,546$ 0.98% 551

January 2012County Pool - Money Market Fund 1,580,753,259$ 274,588$ 0.20% 59 Educational Pool - Money Market Fund 2,013,633,120$ 260,880$ 0.16% 57 Extended Fund 3,001,297,668$ 2,488,620$ 0.98% 535

December 2011County Pool - Money Market Fund 1,843,592,007$ 224,769$ 0.12% 59 Educational Pool - Money Market Fund 2,096,783,911$ 272,903$ 0.19% 58 Extended Fund 2,998,955,293$ 2,198,356$ 0.87% 528

November 2011County Pool - Money Market Fund 1,955,838,383$ 262,403$ 0.19% 56 Educational Pool - Money Market Fund 1,296,945,638$ 327,269$ 0.29% 60 Extended Fund 2,989,749,491$ 2,259,196$ 0.92% 563

October 2011County Pool - Money Market Fund 1,513,583,810$ 239,620$ 0.21% 52 Educational Pool - Money Market Fund 1,400,458,868$ 313,014$ 0.23% 54 Extended Fund 2,994,884,099$ 2,199,341$ 0.87% 537

September 2011County Pool - Money Market Fund 1,288,981,027$ 229,126$ 0.19% 56 Educational Pool - Money Market Fund 1,705,474,505$ 306,342$ 0.23% 59 Extended Fund 2,991,003,008$ 2,035,827$ 0.86% 525

August 2011County Pool - Money Market Fund 1,571,688,190$ 268,415$ 0.23% 48 Educational Pool - Money Market Fund 1,626,604,271$ 330,393$ 0.25% 53 Extended Fund 2,894,577,747$ 2,287,480$ 0.91% 496

July 2011County Pool - Money Market Fund 1,215,261,283$ 283,741$ 0.23% 60 Educational Pool - Money Market Fund 1,552,917,241$ 346,909$ 0.25% 56 Extended Fund 3,087,390,117$ 2,549,200$ 0.97% 559

June 2011County Pool - Money Market Fund 1,380,569,718$ 305,351$ 0.26% 59 Educational Pool - Money Market Fund 1,637,794,658$ 391,562$ 0.26% 59 Extended Fund 3,084,704,556$ 4,693,709$ 1.85% 568

Average Market Value Balance

Interest Income: YTD

YTD Gross Yield YTD Average

Orange County Investment Pool 3,290,281,198$ 16,355,965$ 0.54% 302 Orange County Educational Investment Pool 3,018,732,812$ 14,142,642$ 0.51% 277

Fiscal Year July 1, 2011 - June 30, 2012

17

Government Code Section 53646 (b) (3), effective on January 1, 1996, requires the Treasurer-TaxCollector to include a statement in the investment report, denoting the ability of the Orange County Investment Pool (OCIP) and the Orange County Educational Investment Pool (OCEIP) to meet their expenditure requirements for the next six months.

The OCIP and OCEIP consist of funds in the treasury deposited by various entities required to do so by statute, as well as those entities voluntarily depositing monies in accordance with GovernmentCode Section 53684.

The Treasurer-Tax Collector is required to disburse monies placed in the treasury as directed by theAuditor-Controller and the Department of Education, except for the making of legal investments, tothe extent funds are transferred to one or more clearing funds in accordance with Government CodeSection 29808.

The Treasurer-Tax Collector, in his projection of cash availability to disburse funds as directed by theAuditor-Controller and the Department of Education, is relying exclusively on historical activity involving deposits and disbursements and future cash flow projections. No representation is made asto an individual depositor's ability to meet their anticipated expenditures with anticipated revenues.

The Cash Availability Projection for the six months ending November 30, 2012, indicates the ability of thepools to meet projected cash flow requirements. However, there will usually be differences betweenprojected and actual results because events and circumstances frequently do not occur as expectedand those differences may be material.

ORANGE COUNTY INVESTMENT POOL Investment Projected Projected Cumulative

Month Maturities Deposits Disbursements Available CashMay 2012 - Ending Cash * (10,458,373)$ June 870,886,310$ 272,468,869$ 548,642,083$ 584,254,722 July 166,735,744 470,598,911 545,243,034 676,346,344 August 143,263,156 457,056,077 439,452,411 837,213,166 September 61,719,385 352,496,354 407,682,357 843,746,548 October 28,187,310 548,976,542 351,184,257 1,069,726,143 November 129,989,864 1,029,743,090 495,928,619 1,733,530,476

ORANGE COUNTY EDUCATIONAL INVESTMENT POOL Investment Projected Projected Cumulative

Month Maturities Deposits Disbursements Available CashApril 2012 - Ending Cash 2,722,068$ June 679,327,315$ 283,532,116$ 547,906,145$ 417,675,354 July 163,032,243 375,631,922 399,826,681 556,512,837 August 84,191,555 357,390,317 347,467,941 650,626,768 September 69,900,452 224,253,567 440,767,693 504,013,094 October 42,053,584 336,269,084 545,466,242 336,869,521 November 64,086,759 384,933,436 507,972,821 277,916,895

* The negative accounting book balance is due to cash received by the County from the State in late May and booked in June. The cash bank balance on May 31, was $3,579,213.17.

ORANGE COUNTY TREASURER-TAX COLLECTORCASH AVAILABILITY PROJECTION

FOR THE SIX MONTHS ENDING NOVEMBER 30, 2012

18

ORANGE COUNTY TREASURER-TAX COLLECTORSTATEMENT OF ACCOUNTABILITYFOR THE MONTH ENDED: MAY 31, 2012

Treasurer's Accountability at the Beginning of the Month $7,158,513,914.74

Cash Receipts:County $371,035,230.76Schools 210,927,637.06

Total Cash Receipts 581,962,867.82

Cash Disbursements:County 673,211,214.60Schools 719,848,228.83 Total Cash Disbursements 1,393,059,443.43

Net Change in Book Value of Pooled Assets (811,096,575.61)

Net Increase in Specific Investments 11,073.91

Treasurer's Accountability at the End of the Month $6,347,428,413.04

Assets in the Treasury at the end of the period:

O.C. Investment Pool $3,284,688,898.55 O.C. Educational Investment Pool 2,842,641,275.47 Non Pooled Investments 57,002,488.15 County Pool - Bridge Transfer Receivable 23,832,056.00 Educational Pool - Temporary Transfer Receivable 147,000,000.00 Cash in banks - County * (10,554,552.32) Cash in banks - School 2,722,067.70 Cash in vault 96,179.49

$6,347,428,413.04

* The negative accounting book balance is due to cash received by the County from the State in late May and booked in June. The cash bank balance on May 31 was $3,579,213.17.

19

ORANGE COUNTY TREASURER-TAX COLLECTORINVESTMENT POLICY COMPLIANCE SUMMARY

May 31, 2012

Investment Type

U.S. Treasuries 60,004,234$ 3.62% 187,251,563$ 6.23% 90,142,727$ 6.16% 2,999,997$ 6.04%Negotiable Certificates of Deposit 130,043,596 7.84% -$ 0.00% 102,210,150 6.99% 3,249,875 6.54%Commercial Paper 100,495,986 6.06% -$ 0.00% - 0.00% 2,249,692 4.53%U.S. Government Agencies 767,315,713 46.25% 2,394,639,602$ 79.65% 774,434,654 52.92% 30,299,696 60.98%Money Market Funds 297,261,559 17.92% -$ 0.00% 258,005,707 17.63% 237,498 0.48%Medium-Term Notes and MTN-FDIC 286,241,722 17.26% 276,860,010$ 9.21% 221,042,888 15.11% 9,150,932 18.41%Municipal Debt 17,469,655 1.05% 147,585,897$ 4.91% 17,469,655 1.19% 1,500,210 3.02%

1,658,832,465$ 100.00% 3,006,337,072$ 100.00% 1,463,305,781$ 100.00% 49,687,900$ 100.00%

Compliance Category

(Yes/No)Percentage Limits Issuer Limit Money Market Mutual Fund Issuer Government Agencies Issuer Diversification LimitMaturity/Duration Limits Weighted Average Maturity

Duration Final Maturity - Money Market Fund Final Maturity - Extended FundQuality Limits MMF Short Term/Long Term Short Term Debt/No Split Ratings Extended Fund Short Term/Long TermAuthorized Issuer Yes YesAuthorized Financial Dealer/Institution Yes YesNet Asset Value - Money Market Fund Yes/1.0000 Yes/0.9999

Performance Evaluation-Cal Govt. Code 27134Performance Evaluation-Cal Govt. Code 26920(a), 53646Compensation Agreement-Cal Govt. Code 27013Authorized Financial Dealers and Qualified InstitutionsSubmit TOC Bylaw Changes to BOS for approvalTOC Review and BOS Annual ApprovalInvestment/Diversification/Maturity Restrictions

(1) All investments are marked to market in compliance with the narrow valuation range prescribed by the IPS and market values are provided by Bloomberg Professional Services and Northern Trust(2) Excludes US Government Debt per IPS policy approved by the Board of Supervisors on September 13, 2011.NA Not applicable

> A-1/P-1/F2

Yes0.995 - 1.005

A-1/ > AA (2)Approved Issuer List

OTHER COMPLIANCE CATEGORIESAnnual Compliance Audit

Yes/1.0000

N/A

Broker/Dealer ListN/A

Calendar Year 2010 completed. Calendar Year 2011 not yet started.

YesYesYes

Yes/1818

YesYesYes

N/A

Yes/386

Yes/59

N/A

Extended Fund

Yes

Extended Fund

Yes

Yes

YesYes

John Wayne AirportInvestment Pool

EducationalMoney Market Fund

John Wayne Airport Investment Pool

EducationalMoney Market Fund

InvestmentPolicy (IPS)

CountyMoney Market Fund

DiversificationGuidelines

Limit

N/A

Percent of Portfolio

YesYes

N/A

Yes/1.71

Yes

Investment Policy Guidelines

Yes

CountyMoney Market Fund

Market Value of Investments (1)

30%

100%


Yes

Yes

Yes/386N/A

20%

60 Days Yes/59

30%

30%Yes

Yes


Yes

Yes/54


Yes

Yes


Yes

40%

Yes/386N/A

See Above

5%10%

N/A13 Months/397 days

Treasury Administrative Fee FY 2006-2009 review completed. FY 2009/10 & FY 2010/11 expected to be completed by 06-30-12.

N/A


>Merrill 1-3 Year Index+25% (2.38)

5 Years/1826 days

A-1/ > A


100%30%

Quarterly Audit Quarterly audit of Statement of Assets as of 12/31/11 in final review.

Yes

N/A

N/A N/A

N/A

N/A

Yes

Compliance Deficiencies October 2011-one compliance incident. November 2011-one compliance incident. Dec 2011-two compliance incidents.

Annual Broker/Dealer Review Completed December 2011, Current Year expected to be completed by July, 31, 2012TOC Bylaw Changes October 26, 2011 changes approved by Board of Supervisors January 10, 2012Annual IPS Approval BOS approved IPS changes January 10, 2012

20

Orange County Treasurer-Tax Collector Noncompliance Detail

For the Month Ended May 31, 2012 During May, the Orange County Money Market Fund, the Orange County Educational Money Market Fund, the John Wayne Airport Investment Pool and the Extended Fund were all free of noncompliance incidents.

21

01-Jun-2012 10:07 amRun Date:

User: uphan

01-Jun-2012Print Date: Page 1 of 24


01-Jun-2012As of 31-May-2012

As at date:

Investment Inventory with Market Value by Entity & Instrument

Extended Fund, County and Educational Money Market Funds

CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P

UNITED STATES DOLLAR

County Money Mkt Fnd

FUNDS

0.00 0.00

INVESCO STIC GOVERNMENT & AGENCY

7,483.19 7,483.19 0.00 7,483.19 0.02206/1/12 7,483.19 AAAmmfAAAm AAA-mf

0.00 0.00

MORGAN STANLEY GOVT 8302-COUNTY MMF

151,281,261.23 151,281,261.23 0.00 151,281,261.23 0.05006/1/12 151,281,261.23 AAAm Aaa

0.00 0.00

GOLDMAN SACHS - COUNTY MMF

145,972,814.27 145,972,814.27 0.00 145,972,814.27 0.05006/1/12 145,972,814.27 AAAm AAA-mf

Subtotal for FUNDS: 0.00 0.00 0.0500 297,261,558.69 297,261,558.69 0.00 297,261,558.69 297,261,558.69

CERTIFICATES OF DEPOSIT

YANKEE CD

0.00 2,138.89 5/4/12588991 0.110078009NFN1

ROYAL BANK OF CANADA / RBC

25,000,000.00 24,999,930.00 (70.00) 25,000,000.00 0.11006/4/12 25,000,000.00 F1+A-1+ P-1

0.00 1,088.89 5/4/12588992 0.140089112XVV4

TORONTO DOMINION BANK NY / TDSI

10,000,000.00 10,000,050.00 50.00 10,000,000.00 0.14006/8/12 10,000,000.00 F1+A-1+ P-1

0.00 4,479.17 4/19/12585550 0.150089112XTQ8

TORONTO DOMINION BANK NY / CRED SUIS SECURITIES

25,000,000.00 25,000,425.00 425.00 25,000,000.00 0.15006/19/12 25,000,000.00 F1+A-1+ P-1

0.00 320.83 5/25/12592971 0.110089112XYD1


15,000,000.00 14,999,904.00 (96.00) 15,000,000.00 0.11006/22/12 15,000,000.00 F1+A-1+ P-1

0.00 2,750.00 5/21/12591620 0.600078009NFW1


15,000,000.00 15,044,355.00 44,355.00 15,000,000.00 0.60005/21/13 15,000,000.00 AAAA- Aa1

90,000,000.00 90,044,664.00 0.00 10,777.78 90,000,000.00 44,664.00 0.2061 0.2061Subtotal for YANKEE CD: 90,000,000.00

YANKEE CD FLOATER

(2,717.46) 17,302.64 10/31/11554218 0.479178009J6M2


25,000,482.54 24,994,507.50 (5,975.04) 25,000,000.00 0.46077/9/12 25,003,200.00 N.A.AA- Aa1

0.00 1,419.69 9/21/11546952 0.309889112Y7C1


15,000,000.00 15,004,425.00 4,425.00 15,000,000.00 0.30989/21/12 15,000,000.00 AA-AA- Aaa

40,000,000.00 39,998,932.50 (2,717.46) 18,722.33 40,000,482.54 (1,550.04)0.4156 0.4041Subtotal for YANKEE CD FLOATER: 40,003,200.00

Subtotal for CERTIFICATES OF DEPOSIT: (2,717.46) 29,500.11 0.2706 0.2670 130,000,482.54 130,043,596.50 43,113.96 130,000,000.00 130,003,200.00

COMMERCIAL PAPER HOLDINGS

COMMERCIAL PAPER

0.00 1,283.33 5/4/12588985 93114EF77

WAL-MART STORES INC / CRED SUIS SECURITIES

14,999,725.00 14,999,670.00 (55.00) 15,000,000.00 0.11006/7/12 14,998,441.67 F1+A-1+ P-1

0.00 87.50 5/31/12593756 16677JF76

CHEVRON CORP / BARCLAYS CAPITAL

44,999,475.00 44,999,010.00 (465.00) 45,000,000.00 0.07006/7/12 44,999,387.50 F1+A-1+ P-1 22


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P




COMMERCIAL PAPER

0.00 2,426.66 5/4/12588986 93114EFE2

WAL-MART STORES INC / CITIGROUP GLOBAL MARKETS

25,998,873.33 25,998,596.00 (277.33) 26,000,000.00 0.12006/14/12 25,996,446.67 F1+A-1+ P-1

0.00 36.25 5/31/12593528 93114EFM4

WAL-MART STORES INC / BARCLAYS CAPITAL

14,499,275.00 14,498,709.50 (565.50) 14,500,000.00 0.09006/21/12 14,499,238.75 F1+A-1+ P-1

100,500,000.00 100,495,985.50 0.00 3,833.74 100,497,348.33 (1,362.83)0.0000 0.0918Subtotal for COMMERCIAL PAPER: 100,493,514.59

Subtotal for COMMERCIAL PAPER

HOLDINGS:

0.00 3,833.74 0.0918 100,497,348.33 100,495,985.50 (1,362.83) 100,500,000.00 100,493,514.59

GOVERNMENT AGENCY

DISCOUNT NOTES

0.00 270.83 5/29/12593022 313384XP9

FHLB DISC CORP / GOLDMAN SACHS GROUP INC

50,000,000.00 50,000,000.00 0.00 50,000,000.00 0.06506/1/12 49,999,729.17 AAAAA+ Aaa

0.00 111.11 5/30/12593244 313588XZ3

FNMA DISCOUNT / BARCLAYS CAPITAL

49,999,444.44 49,998,650.00 (794.44) 50,000,000.00 0.04006/11/12 49,999,333.33 AAAAA+ Aaa

100,000,000.00 99,998,650.00 0.00 381.94 99,999,444.44 (794.44)0.0000 0.0525Subtotal for DISCOUNT NOTES: 99,999,062.50

GOVT AGENCY-FIX-30/360

1,193.01 5,674.67 2/9/12572660 0.1600313376T96

FED HM LN BK BD / RBC

11,397,443.55 11,393,331.00 (4,112.55) 11,400,000.00 0.19372/1/13 11,396,250.54 AAAAA+ Aaa

256.68 5,666.67 2/1/12570854 0.1700313376XA8

FED HM LN BK BD / JP MORGAN CHASE & CO

9,999,456.68 9,994,070.00 (5,386.68) 10,000,000.00 0.34292/15/13 9,999,200.00 N.AAA+ Aaa

237.24 1,042.36 3/12/12578478 0.1900313378BT7

FED HM LN BK BD / BNP PARIBAS

2,499,237.24 2,498,827.50 (409.74) 2,500,000.00 0.23332/15/13 2,499,000.00 AAAAA+ Aaa

(15,644.38) 23,750.00 3/15/12579253 0.75003135G0AK9

FANNIE MAE / RBC

15,054,549.47 15,051,600.00 (2,949.47) 15,000,000.00 0.25502/26/13 15,070,193.85 AAAAA+ Aaa

13.84 1,344.44 5/9/12589782 0.220031331K2H2

FED FARM CR BK / UBS FINANCIAL SERVICES

9,999,813.84 10,002,230.00 2,416.16 10,000,000.00 0.22233/27/13 9,999,800.00 AAAAA+ Aaa

343.40 3,434.03 4/18/12585298 0.2300313378ZU8

FED HM LN BK BD / JEFFERIES & COMPANY

12,497,468.40 12,494,250.00 (3,218.40) 12,500,000.00 0.25304/18/13 12,497,125.00 AAAAA+ Aaa

427.13 861.11 4/3/12582610 0.2000313376XG5

FED HM LN BK BD / CITIGROUP GLOBAL MARKETS

4,997,577.13 4,996,020.00 (1,557.13) 5,000,000.00 0.25314/30/13 4,997,150.00 N.AAA+ Aaa

476.54 805.56 4/2/12582356 0.2000313376XM2

FED HM LN BK BD / DEUTSCHE

4,997,326.54 4,995,955.00 (1,371.54) 5,000,000.00 0.25835/2/13 4,996,850.00 N.AAA+ Aaa

47.25 1,341.67 5/10/12589852 0.2300313379FJ3


9,999,237.25 9,994,180.00 (5,057.25) 10,000,000.00 0.23815/10/13 9,999,190.00 N.AAA+ Aaa23


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P



GOVERNMENT AGENCY

81,400,000.00 81,420,463.50 (12,649.29) 43,920.51 81,442,110.10 (21,646.60)0.3025 0.2502Subtotal for GOVT AGENCY-FIX-30/360: 81,454,759.39

GOVT AGENCY-FIX-INT@MAT

212.05 1,385.42 2/16/12574061 0.1900313378BT7

FED HM LN BK BD / CRED SUIS SECURITIES

2,499,487.05 2,498,827.50 (659.55) 2,500,000.00 0.21912/15/13 2,499,275.00 AAAAA+ Aaa

2,500,000.00 2,498,827.50 212.05 1,385.42 2,499,487.05 (659.55)0.1900 0.2191Subtotal for GOVT AGENCY-FIX-

INT@MAT:

2,499,275.00

GOVT AGENCY-FLOAT-ACT/360

(526.08) 3,008.33 3/30/12582103 0.190031331KQY9

FED FARM CR BK / CRED SUIS SECURITIES

10,000,283.92 10,000,500.00 216.08 10,000,000.00 0.12967/5/12 10,000,810.00 AAAAA+ Aaa

(2,139.85) 3,008.33 3/12/12578475 0.2850313372GF5

FED HM LN BK BD / CASTLE OAK SECURITIES

10,001,400.15 10,001,500.00 99.85 10,000,000.00 0.14727/24/12 10,003,540.00 AAAAA+ Aaa

(3,977.07) 953.13 8/23/11541738 0.228831398A2C5

FANNIE MAE / DEUTSCHE

25,000,772.93 25,003,750.00 2,977.07 25,000,000.00 0.20827/26/12 25,004,750.00 AAAAA+ Aaa

(32,475.00) 1,906.25 12/19/11562952 0.228831398A2C5

FANNIE MAE / MORGAN STANLEY

50,010,825.00 50,007,500.00 (3,325.00) 50,000,000.00 0.08517/26/12 50,043,300.00 AAAAA+ Aaa

(3,187.93) 3,018.23 4/19/12585557 0.228831331JYA5

FED FARM CR BK / CASTLE OAK SECURITIES

25,005,412.07 25,005,000.00 (412.07) 25,000,000.00 0.12018/13/12 25,008,600.00 AAAAA+ Aaa

(22,062.50) 1,986.11 1/13/12567774 0.17883134G15R1

FREDDIE MAC / JP MORGAN CHASE & CO

50,013,237.50 50,005,150.00 (8,087.50) 50,000,000.00 0.06388/24/12 50,035,300.00 AAAAA+ Aaa

(21,559.67) 1,444.44 12/29/11564989 0.2600313375H83


50,012,240.33 50,007,500.00 (4,740.33) 50,000,000.00 0.15908/28/12 50,033,800.00 AAAAA+ Aaa

(13,510.84) 22,468.33 2/14/12573281 0.390031398A3X8

FANNIE MAE / JEFFERIES & COMPANY

25,938,010.44 25,943,147.50 5,137.06 25,925,000.00 0.20299/13/12 25,951,521.28 AAAAA+ Aaa

(4,370.91) 2,066.04 8/18/11540950 0.495931398A4E9

FANNIE MAE / CASTLE OAK SECURITIES

10,001,639.09 9,998,600.00 (3,039.09) 10,000,000.00 0.44049/17/12 10,006,010.00 AAAAA+ Aaa

(6,094.12) 1,312.84 12/9/11561385 0.248831331JD83


10,005,745.88 10,000,000.00 (5,745.88) 10,000,000.00 0.121211/13/12 10,011,840.00 AAAAA+ Aaa

(4,625.10) 1,705.50 4/3/12582619 0.360031398A6R8

FANNIE MAE / GOLDMAN SACHS GROUP INC

18,963,718.50 18,964,781.00 1,062.50 18,950,000.00 0.168911/23/12 18,968,343.60 AAAAA+ Aaa

(467.72) 13,845.34 12/29/11564999 0.236031331KZ45

FED FARM CR BK / MORGAN STANLEY

24,000,564.28 24,016,800.00 16,235.72 24,000,000.00 0.153812/5/12 24,001,032.00 AAAAA+ Aaa

308,875,000.00 308,954,228.50 (114,996.79) 56,722.87 308,953,850.09 378.41 0.2577 0.1429Subtotal for GOVT AGENCY-FLOAT-

ACT/360:

309,068,846.88

GOVT AGENCY-FLOAT-ACT/ACT


24


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P



GOVERNMENT AGENCY


586.18 1,813.37 3/28/12581529 0.16603133EAJB5 33,498,448.88 33,511,055.00 12,606.12 33,500,000.00 0.175111/20/12 33,497,862.70 AAAN.A. Aaa

21,087.44 8,219.78 12/29/11564996 0.176031331KQJ2

FED FARM CR BK / BARCLAY CAPITAL

49,967,212.44 50,020,500.00 53,287.56 50,000,000.00 0.20401/28/13 49,946,125.00 AAAAA+ Aaa

2,108.74 821.98 12/29/11564998 0.176031331KQJ2


4,996,721.24 5,002,050.00 5,328.76 5,000,000.00 0.20401/28/13 4,994,612.50 AAAAA+ Aaa

(1,399.09) 8,523.10 4/11/12584191 0.24603135G0BE2


25,007,845.91 24,937,500.00 (70,345.91) 25,000,000.00 0.20633/14/13 25,009,245.00 AAAAA+ Aaa

(890.76) 5,414.67 4/17/12585246 0.24603135G0BE2


18,005,661.24 17,955,000.00 (50,661.24) 18,000,000.00 0.20623/14/13 18,006,552.00 AAAAA+ Aaa

123.59 4,487.68 4/27/12587244 0.18603133EALE6


24,998,873.59 24,997,750.00 (1,123.59) 25,000,000.00 0.18594/16/13 24,998,750.00 AAAAA+ Aaa

156,500,000.00 156,423,855.00 21,616.10 29,280.58 156,474,763.30 (50,908.30)0.1947 0.1956Subtotal for GOVT AGENCY-FLOAT-

ACT/ACT:

156,453,147.20

GOV'T AGY - CALLABLE

0.00 602.78 5/17/12591096 0.3100313376HW8


5,000,000.00 5,000,055.00 55.00 5,000,000.00 0.31006/7/12 5,000,000.00 N.AAA+ Aaa

0.00 5,555.56 12/27/11564351 0.2500313376MJ1


12,500,000.00 12,500,125.00 125.00 12,500,000.00 0.25001/8/13 12,500,000.00 AAAAA+ Aaa

0.00 16,625.00 1/18/12568305 0.3000313376QN8


15,000,000.00 15,003,735.00 3,735.00 15,000,000.00 0.30001/18/13 15,000,000.00 N.AAA+ Aaa

0.00 6,333.33 3/15/12579251 0.3000313378GU9


10,000,000.00 9,999,670.00 (330.00) 10,000,000.00 0.30013/27/13 10,000,000.00 AAAAA+ Aaa

2,934.10 2,676.33 3/30/12582101 0.2000313376VP7

FED HM LN BK BD / MORGAN STANLEY

15,532,833.10 15,527,583.54 (5,249.56) 15,540,000.00 0.26014/30/13 15,529,899.00 AAAAA+ Aaa

0.00 6,458.33 4/30/12587737 0.3000313378Z79


25,000,000.00 25,000,250.00 250.00 25,000,000.00 0.30015/8/13 25,000,000.00 AAAAA+ Aaa

0.00 725.00 5/25/12592756 0.2900313379HF9


15,000,000.00 14,996,775.00 (3,225.00) 15,000,000.00 0.29006/10/13 15,000,000.00 N.AAA+ Aaa

0.00 1,125.00 5/21/12591845 0.2700313379GC7

FED HM LN BK BD / UBS FINANCIAL SERVICES

15,000,000.00 14,992,650.00 (7,350.00) 15,000,000.00 0.27006/21/13 15,000,000.00 N.AAA+ Aaa

0.00 333.33 5/23/12592167 0.3000313379HA0

FED HM LN BK BD / FTN

5,000,000.00 4,998,845.00 (1,155.00) 5,000,000.00 0.30006/21/13 5,000,000.00 N.AAA+ Aaa

118,040,000.00 118,019,688.54 2,934.10 40,434.66 118,032,833.10 (13,144.56)0.2769 0.2848Subtotal for GOV'T AGY - CALLABLE: 118,029,899.00 25


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P



Subtotal for GOVERNMENT AGENCY: (102,883.83) 172,125.98 0.2188 0.1753 767,402,488.08 767,315,713.04 (86,775.04) 767,315,000.00 767,504,989.97

MEDIUM TERM NOTES

MED TERM NOTE FLOAT FDIC

(25,588.15) 0.00 9/16/11546246 0.657536967HAK3

GENERAL ELEC CAP CORP / CASTLE OAK SECURITIES

12,605,000.00 12,609,411.75 4,411.75 12,605,000.00 0.21006/1/12 12,630,588.15 NRAA+ Aaa

(3,117.48) 3,771.20 5/25/12592757 0.774536967HAJ6


25,043,117.48 25,046,260.00 3,142.52 25,040,000.00 0.13406/8/12 25,046,234.96 N.AAA+ Aaa

(11,189.19) 13,486.63 5/9/12589784 0.7036481247AJ3

JP MORGAN CHASE & CO / CASTLE OAK SECURITIES

30,006,810.81 30,007,200.00 389.19 30,000,000.00 0.11976/15/12 30,018,000.00 AAAAA+ Aaa

(1,431.74) 1,713.65 5/25/12592909 0.823661757UAJ9

MORGAN STANLEY / CASTLE OAK SECURITIES

10,703,886.16 10,705,243.00 1,356.84 10,700,000.00 0.13526/20/12 10,705,317.90 AAAAA+ Aaa

78,345,000.00 78,368,114.75 (41,326.56) 18,971.48 78,358,814.45 9,300.30 0.7353 0.1409Subtotal for MED TERM NOTE FLOAT

FDIC:

78,400,141.01

MEDIUM TERM NOTE

(135,355.94) 148,125.00 3/12/12578476 4.5000084664AZ4

BERKSHIRE HATHAWAY INC / BARCLAYS CAPITAL

15,383,794.06 15,452,850.00 69,055.94 15,000,000.00 0.37701/15/13 15,519,150.00 A+AA+ Aa2

(29,491.44) 32,465.28 1/27/12570204 2.1250084670AU2

BERKSHIRE HATHAWAY INC / CASTLE OAK SECURITIES

5,059,458.56 5,061,550.00 2,091.44 5,000,000.00 0.40722/11/13 5,088,950.00 A+AA+ Aa2

(54,202.45) 67,291.66 3/15/12579258 2.1250084670AU2


15,178,297.55 15,184,650.00 6,352.45 15,000,000.00 0.40822/11/13 15,232,500.00 A+AA+ Aa2

(14,985.08) 19,184.03 3/26/12581030 2.1250084670AU2

BERKSHIRE HATHAWAY INC / JP MORGAN CHASE & CO

5,057,634.92 5,061,550.00 3,915.08 5,000,000.00 0.45962/11/13 5,072,620.00 A+AA+ Aa2

(33,597.39) 41,694.27 4/10/12583752 2.1250084670AU2


14,014,693.06 14,020,493.50 5,800.44 13,850,000.00 0.40772/11/13 14,048,290.45 A+AA+ Aa2

53,850,000.00 54,781,093.50 (267,632.30) 308,760.24 54,693,878.15 87,215.35 2.7866 0.4041Subtotal for MEDIUM TERM NOTE: 54,961,510.45

MEDIUM TERM NOTE-FDIC

(81,219.41) 86,498.50 3/1/12576296 2.200036967HAH0

GENERAL ELEC CAP CORP / BNP PARIBAS

15,733,317.07 15,733,762.61 445.54 15,727,000.00 0.13026/8/12 15,814,536.48 N.AAA+ Aaa

(60.23) 64.29 5/30/12593243 2.200036967HAH0


1,052,421.59 1,052,452.36 30.77 1,052,000.00 0.12226/8/12 1,052,481.82 N.AAA+ Aaa

(292,547.18) 224,791.67 10/7/11559771 3.250038146FAA9

GOLDMAN SACHS GROUP INC / CANTOR FITZGERALD

15,017,502.82 15,018,150.00 647.18 15,000,000.00 0.24486/15/12 15,310,050.00 AAAAA+ Aaa

(252,050.19) 262,941.25 3/1/12576294 3.250038146FAA9

GOLDMAN SACHS GROUP INC / BNP PARIBAS

32,401,207.81 32,401,158.02 (49.79) 32,362,000.00 0.13006/15/12 32,653,258.00 AAAAA+ Aaa

GOLDMAN SACHS GROUP INC / JP MORGAN CHASE & CO26


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P



MEDIUM TERM NOTES


(114,758.16) 120,520.84 3/2/12576834 3.250038146FAA9 15,018,051.84 15,018,150.00 98.16 15,000,000.00 0.15016/15/12 15,132,810.00 AAAAA+ Aaa

(76,211.65) 81,583.34 3/2/12576835 2.2000481247AK0


15,011,988.35 15,012,900.00 911.65 15,000,000.00 0.14066/15/12 15,088,200.00 AAAAA+ Aaa

(101,131.65) 108,777.78 3/2/12576836 2.2000481247AK0

JP MORGAN CHASE & CO / JP MORGAN CHASE & CO

20,015,908.35 20,017,200.00 1,291.65 20,000,000.00 0.15016/15/12 20,117,040.00 AAAAA+ Aaa

(17,352.94) 18,055.55 5/11/12590300 3.250038146FAA9

GOLDMAN SACHS GROUP INC / JP MORGAN CHASE & CO

10,012,147.06 10,012,100.00 (47.06) 10,000,000.00 0.12096/15/12 10,029,500.00 AAAAA+ Aaa

(11,529.41) 12,222.22 5/11/12590301 2.2000481247AK0

JP MORGAN CHASE & CO / JP MORGAN CHASE & CO

10,008,070.59 10,008,600.00 529.41 10,000,000.00 0.11986/15/12 10,019,600.00 AAAAA+ Aaa

(62.10) 66.17 5/30/12593245 2.1250949744AC0

WELLS FARGO BANK / BNP PARIBAS

1,121,869.45 1,121,874.38 4.93 1,121,000.00 0.12126/15/12 1,121,931.55 AAAAA+ Aaa

(84.33) 90.19 5/30/12593242 1.950061757UAH3

MORGAN STANLEY / BNP PARIBAS

1,666,602.32 1,666,714.95 112.63 1,665,000.00 0.11946/20/12 1,666,686.65 N.AAA+ Aaa

0.00 0.00 5/31/12593681 1.950061757UAH3

MORGAN STANLEY / JP MORGAN CHASE & CO

7,342,055.17 7,342,555.05 499.88 7,335,000.00 0.12006/20/12 7,342,055.17 N.AAA+ Aaa

(8,752.24) 9,594.44 5/11/12590299 2.000036967HBB2

GENERAL ELECTRIC CO / CASTLE OAK SECURITIES

8,686,200.57 8,686,896.35 695.78 8,635,000.00 0.17029/28/12 8,694,952.81 AA+ Aaa

152,897,000.00 153,092,513.72 (955,759.49) 925,206.24 153,087,342.99 5,170.73 2.6704 0.1472Subtotal for MEDIUM TERM NOTE-FDIC: 154,043,102.48

Subtotal for MEDIUM TERM NOTES: (1,264,718.35) 1,252,937.96 2.1605 0.1940 286,140,035.59 286,241,721.97 101,686.38 285,092,000.00 287,404,753.94

MUNICIPAL DEBT

ORANGE COUNTY POB 2011A

0.00 250.59 5/31/12559248 1.820068428LCP7

COUNTY OF ORANGE / COUNTY OF ORANGE

4,956,654.73 4,956,654.73 0.00 4,956,654.73 1.82006/13/12 4,956,654.73 A-1+

4,956,654.73 4,956,654.73 0.00 250.59 4,956,654.73 0.00 1.8200 1.8200Subtotal for ORANGE COUNTY POB

2011A:

4,956,654.73


0.00 39,253.48 1/18/12569229 0.850068428LCS1

COUNTY OF ORANGE / MORGAN STANLEY

12,500,000.00 12,513,000.00 13,000.00 12,500,000.00 0.84992/1/13 12,500,000.00 A+ Aa2

12,500,000.00 12,513,000.00 0.00 39,253.48 12,500,000.00 13,000.00 0.8500 0.8499Subtotal for ORANGE COUNTY POB

2012A:

12,500,000.00

Subtotal for MUNICIPAL DEBT: 0.00 39,504.07 1.1254 1.1254 17,456,654.73 17,469,654.73 13,000.00 17,456,654.73 17,456,654.73

TREASURIES 27


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P



TREASURIES

TREASURY BILL

0.00 83.33 5/30/12593246 9127955R8

US TREASURY N/B / BNP PARIBAS

49,999,666.67 49,999,937.50 270.83 50,000,000.00 0.03006/7/12 49,999,666.67 AAAAA+ Aaa

50,000,000.00 49,999,937.50 0.00 83.33 49,999,666.67 270.83 0.0000 0.0300Subtotal for TREASURY BILL: 49,999,666.67

TREASURY BOND

(156.25) 171.70 5/31/12593530 0.6250912828NS5


10,004,531.25 10,004,296.90 (234.35) 10,000,000.00 0.05626/30/12 10,004,687.50 AAAAA+ Aaa

10,000,000.00 10,004,296.90 (156.25) 171.70 10,004,531.25 (234.35)0.6250 0.0562Subtotal for TREASURY BOND: 10,004,687.50

Subtotal for TREASURIES: (156.25) 255.03 0.1042 0.0344 60,004,197.92 60,004,234.40 36.48 60,000,000.00 60,004,354.17

(1,370,475.89) 1,498,156.89 Total County Money Mkt Fnd : 0.5097 0.1631 1,658,762,765.88 1,658,832,464.83 69,698.95 1,657,625,213.42 1,660,129,026.09

Net Asset Value (NAV): 1.000042

Educational Money Mkt Fnd

FUNDS

0.00 0.00

GOLDMAN SACHS - EDUCATIONAL MMF

125,188,278.29 125,188,278.29 0.00 125,188,278.29 0.05006/1/12 125,188,278.29 AAAm AAA-mf

0.00 0.00

MORGAN STANLEY GOVT 8302-EDUCATIONAL MMF

132,098,634.31 132,098,634.31 0.00 132,098,634.31 0.05006/1/12 132,098,634.31 AAAm Aaa

0.00 0.00





YANKEE CD

0.00 3,583.33 4/19/12585551 0.150089112XTQ8

TORONTO DOMINION BANK NY / CRED SUIS SECURITIES

20,000,000.00 20,000,340.00 340.00 20,000,000.00 0.15006/19/12 20,000,000.00 F1+A-1+ P-1

(6,911.47) 13,337.85 2/15/12573801 0.500078009J7L3


8,980,425.83 8,982,485.15 2,059.32 8,975,000.00 0.24008/24/12 8,987,337.30 AAAA- Aa1

28,975,000.00 28,982,825.15 (6,911.47) 16,921.18 28,980,425.83 2,399.32 0.2584 0.1779Subtotal for YANKEE CD: 28,987,337.30

YANKEE CD FLOATER

0.00 2,366.15 9/21/11546951 0.309889112Y7C1


25,000,000.00 25,007,375.00 7,375.00 25,000,000.00 0.30989/21/12 25,000,000.00 AA-AA- Aaa

0.00 5,800.82 10/19/11552098 0.485689112XBQ7


10,000,000.00 10,008,470.00 8,470.00 10,000,000.00 0.582310/19/12 10,000,000.00 AA-AA- Aaa28


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P




YANKEE CD FLOATER

0.00 7,645.84 11/2/11554776 0.458878009NBL9


20,000,000.00 20,009,520.00 9,520.00 20,000,000.00 0.458811/2/12 20,000,000.00 AAAAA+ Aaa

55,000,000.00 55,025,365.00 0.00 15,812.81 55,000,000.00 25,365.00 0.3959 0.4135Subtotal for YANKEE CD FLOATER: 55,000,000.00

YANKEE CD-30/360

(22,217.14) 27,000.00 5/7/12589250 2.250078009JVK8

ROYAL BANK OF CANADA / BARCLAYS CAPITAL

18,262,902.86 18,201,960.00 (60,942.86) 18,000,000.00 0.39343/15/13 18,285,120.00 AAAA- Aa1

18,000,000.00 18,201,960.00 (22,217.14) 27,000.00 18,262,902.86 (60,942.86)2.2500 0.3934Subtotal for YANKEE CD-30/360: 18,285,120.00

Subtotal for CERTIFICATES OF DEPOSIT: (29,128.61) 59,733.99 0.6841 0.3430 102,243,328.69 102,210,150.15 (33,178.54) 101,975,000.00 102,272,457.30

GOVERNMENT AGENCY

DISCOUNT NOTES

0.00 4,783.34 12/20/11563250 313396YG2

FREDDIE DISCOUNT / CRED SUIS SECURITIES

14,999,504.17 14,999,310.00 (194.17) 15,000,000.00 0.07006/18/12 14,994,720.83 AAAAA+ Aaa

0.00 1,695.83 4/25/12586856 313384YR4

FHLB DISC CORP / RBC

14,998,808.33 14,998,935.00 126.67 15,000,000.00 0.11006/27/12 14,997,112.50 AAAAA+ Aaa

0.00 625.00 5/2/12588334 313384M63

FHLB DISC CORP / JEFFERIES & COMPANY

4,996,854.17 4,997,420.00 565.83 5,000,000.00 0.150010/30/12 4,996,229.17 AAAAA+ Aaa

35,000,000.00 34,995,665.00 0.00 7,104.17 34,995,166.67 498.33 0.0000 0.0986Subtotal for DISCOUNT NOTES: 34,988,062.50


(15,689.19) 17,187.50 5/1/12588016 1.37503133XWKU2


15,003,660.81 15,001,995.00 (1,665.81) 15,000,000.00 0.11596/8/12 15,019,350.00 AAAAA+ Aaa

(111,172.41) 116,666.67 12/21/11563541 1.75003137EACC1

FREDDIE MAC / RBC

15,009,727.59 15,009,600.00 (127.59) 15,000,000.00 0.08036/15/12 15,120,900.00 AAAAA+ Aaa

(4,721.20) 7,451.39 4/24/12586547 0.2500313374K25

FED HM LN BK BD / GOLDMAN SACHS GROUP INC

29,003,572.80 29,001,421.00 (2,151.80) 29,000,000.00 0.09016/29/12 29,008,294.00 N.AAA+ Aaa

(5,122.50) 7,439.25 12/6/11560544 0.2600313374UA6


7,631,317.22 7,630,709.59 (607.63) 7,630,000.00 0.12187/16/12 7,636,439.72 AAAAA+ Aaa

(3,898.02) 5,367.38 12/20/11563264 0.2600313374UA6


5,506,089.51 5,505,511.97 (577.55) 5,505,000.00 0.10167/16/12 5,509,987.53 AAAAA+ Aaa

(48,492.61) 41,075.00 12/20/11563263 1.12503137EACK3

FREDDIE MAC / CASTLE OAK SECURITIES

10,616,866.99 10,616,536.00 (330.99) 10,600,000.00 0.10157/27/12 10,665,359.60 AAAAA+ Aaa

(10,575.34) 12,604.17 12/21/11563542 0.25003133754N4


15,003,899.66 15,001,635.00 (2,264.66) 15,000,000.00 0.09137/30/12 15,014,475.00 AAAAA+ Aaa 29


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P



GOVERNMENT AGENCY


(269,905.70) 121,916.67 12/6/11560541 4.375031359MPF4


13,360,401.10 13,403,346.00 42,944.90 13,200,000.00 0.16409/15/12 13,630,306.80 AAAAA+ Aaa

(7,067.11) 9,375.00 4/25/12586851 0.625031398A3N0


15,022,182.89 15,019,920.00 (2,262.89) 15,000,000.00 0.15049/24/12 15,029,250.00 AAAAA+ Aaa

(4,382.34) 5,138.25 4/24/12586541 0.500031398A4T6

FANNIE MAE / CRED SUIS SECURITIES

11,951,647.82 11,950,767.27 (880.55) 11,934,000.00 0.142410/30/12 11,956,030.16 AAAAA+ Aaa

(5,055.57) 6,458.33 4/25/12586860 0.500031398A4T6


15,020,924.43 15,021,075.00 150.57 15,000,000.00 0.162710/30/12 15,025,980.00 AAAAA+ Aaa

(5,310.19) 260.42 4/24/12586549 0.37503137EACP2

FREDDIE MAC / CRED SUIS SECURITIES

25,025,689.81 25,024,625.00 (1,064.81) 25,000,000.00 0.168111/30/12 25,031,000.00 AAAAA+ Aaa

(66,736.04) 69,657.00 2/14/12573246 4.50003134A4SA3

FREDDIE MAC / CANTOR FITZGERALD

5,347,709.08 5,346,975.48 (733.60) 5,208,000.00 0.18301/15/13 5,414,445.12 AAAAA+ Aaa

(10,429.58) 15,833.33 3/15/12579254 0.75003135G0AK9

FANNIE MAE / RBC

10,036,366.32 10,034,400.00 (1,966.32) 10,000,000.00 0.25502/26/13 10,046,795.90 AAAAA+ Aaa

47.25 1,341.67 5/10/12589853 0.2300313379FJ3


9,999,237.25 9,994,180.00 (5,057.25) 10,000,000.00 0.23815/10/13 9,999,190.00 N.AAA+ Aaa

33.61 305.86 5/24/12592691 0.2600313379J42

FED HM LN BK BD / FTN FINANCIAL

6,048,218.61 6,046,757.20 (1,461.41) 6,050,000.00 0.28866/12/13 6,048,185.00 N.AAA+ Aaa

209,127,000.00 209,609,454.51 (568,476.94) 438,077.89 209,587,511.89 21,942.62 0.9468 0.1429Subtotal for GOVT AGENCY-FIX-30/360: 210,155,988.83

GOVT AGENCY-FIX-INT@MAT

(2,466.67) 7,194.44 4/24/12586548 0.1400313375C96

FED HM LN BK BD / GOLDMAN SACHS

50,001,133.33 49,999,250.00 (1,883.33) 50,000,000.00 0.09196/18/12 50,003,600.00 AAAAA+ Aaa

50,000,000.00 49,999,250.00 (2,466.67) 7,194.44 50,001,133.33 (1,883.33)0.1400 0.0919Subtotal for GOVT AGENCY-FIX-

INT@MAT:

50,003,600.00


(196.41) 3,225.00 12/22/11563830 0.2150313374KX7


9,000,037.59 9,000,810.00 772.41 9,000,000.00 0.12007/2/12 9,000,234.00 AAAAA+ Aaa

(5,164.71) 4,602.75 12/22/11563831 0.2850313372GF5


15,301,689.69 15,302,295.00 605.31 15,300,000.00 0.11637/24/12 15,306,854.40 AAAAA+ Aaa

(3,977.07) 953.13 8/23/11541739 0.228831398A2C5


25,000,772.93 25,003,750.00 2,977.07 25,000,000.00 0.20827/26/12 25,004,750.00 AAAAA+ Aaa

(4,868.91) 354.56 11/9/11556066 0.228831398A2C5


9,301,306.29 9,301,395.00 88.71 9,300,000.00 0.13587/26/12 9,306,175.20 AAAAA+ Aaa 30


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P



GOVERNMENT AGENCY


(32,475.00) 1,906.25 12/19/11562959 0.228831398A2C5


50,010,825.00 50,007,500.00 (3,325.00) 50,000,000.00 0.08517/26/12 50,043,300.00 AAAAA+ Aaa

(1,912.76) 1,810.94 4/19/12585556 0.228831331JYA5


15,003,247.24 15,003,000.00 (247.24) 15,000,000.00 0.12018/13/12 15,005,160.00 AAAAA+ Aaa

(6,264.76) 632.82 11/15/11556892 0.259831398A3F7


9,747,612.94 9,747,338.80 (274.14) 9,745,000.00 0.14188/23/12 9,753,877.70 AAAAA+ Aaa

(21,559.67) 1,444.44 12/29/11564990 0.2600313375H83


50,012,240.33 50,007,500.00 (4,740.33) 50,000,000.00 0.15908/28/12 50,033,800.00 AAAAA+ Aaa

(1,725.20) 907.12 8/31/11543327 0.261331331JB28

FED FARM CR BK / BNP PARIBAS

5,000,614.80 5,001,545.00 930.20 5,000,000.00 0.21539/7/12 5,002,340.00 AAAAA+ Aaa

(4,836.41) 2,286.08 8/18/11540951 0.495931398A4E9


11,066,813.66 11,063,450.90 (3,362.76) 11,065,000.00 0.44049/17/12 11,071,650.07 AAAAA+ Aaa

(4,625.10) 1,705.50 4/3/12582620 0.360031398A6R8


18,963,718.50 18,964,781.00 1,062.50 18,950,000.00 0.168911/23/12 18,968,343.60 AAAAA+ Aaa

(467.72) 13,845.34 12/29/11564997 0.236031331KZ45


24,000,564.28 24,016,800.00 16,235.72 24,000,000.00 0.153812/5/12 24,001,032.00 AAAAA+ Aaa

547.95 5,833.34 4/12/12584494 0.2100313378VV0


19,996,547.95 19,996,000.00 (547.95) 20,000,000.00 0.20014/12/13 19,996,000.00 AAAAA+ Aaa

262,360,000.00 262,416,165.70 (87,525.77) 39,507.27 262,405,991.20 10,174.50 0.2593 0.1584Subtotal for GOVT AGENCY-FLOAT-

ACT/360:

262,493,516.97


(2,571.43) 3,873.63 5/7/12589255 0.376031331JUR2


15,003,188.57 15,005,100.00 1,911.43 15,000,000.00 0.12307/2/12 15,005,760.00 AAAAA+ Aaa

2,108.74 821.98 12/29/11564987 0.176031331KQJ2


4,996,721.24 5,002,050.00 5,328.76 5,000,000.00 0.20401/28/13 4,994,612.50 AAAAA+ Aaa

21,087.44 8,219.78 12/29/11564995 0.176031331KQJ2


49,967,212.44 50,020,500.00 53,287.56 50,000,000.00 0.20401/28/13 49,946,125.00 AAAAA+ Aaa

(1,399.09) 8,523.10 4/11/12584190 0.24603135G0BE2


25,007,845.91 24,937,500.00 (70,345.91) 25,000,000.00 0.20633/14/13 25,009,245.00 AAAAA+ Aaa

(890.76) 5,414.67 4/17/12585245 0.24603135G0BE2


18,005,661.24 17,955,000.00 (50,661.24) 18,000,000.00 0.20623/14/13 18,006,552.00 AAAAA+ Aaa

240.21 2,908.93 4/23/12586230 0.18103133EALE6


14,998,035.21 14,998,650.00 614.79 15,000,000.00 0.19574/16/13 14,997,795.00 AAAAA+ Aaa 31


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P



GOVERNMENT AGENCY

128,000,000.00 127,918,800.00 18,575.11 29,762.09 127,978,664.61 (59,864.61)0.2235 0.1943Subtotal for GOVT AGENCY-FLOAT-

ACT/ACT:

127,960,089.50


(33.83) 41.67 5/30/12593249 0.75003135G0GG2

FANNIE MAE / JP MORGAN CHASE & CO

2,000,169.17 2,000,064.00 (105.17) 2,000,000.00 0.14056/6/12 2,000,203.00 AAAAA+ Aaa

0.00 602.78 5/17/12591095 0.3100313376HW8


5,000,000.00 5,000,055.00 55.00 5,000,000.00 0.31006/7/12 5,000,000.00 N.AAA+ Aaa

0.00 5,555.56 12/27/11564352 0.2500313376MJ1


12,500,000.00 12,500,125.00 125.00 12,500,000.00 0.25001/8/13 12,500,000.00 AAAAA+ Aaa

0.00 16,625.00 1/18/12568304 0.3000313376QN8


15,000,000.00 15,003,735.00 3,735.00 15,000,000.00 0.30001/18/13 15,000,000.00 N.AAA+ Aaa

0.00 6,333.33 3/15/12579252 0.3000313378GU9


10,000,000.00 9,999,670.00 (330.00) 10,000,000.00 0.30013/27/13 10,000,000.00 AAAAA+ Aaa

0.00 725.00 5/25/12592961 0.2900313379HF9


15,000,000.00 14,996,775.00 (3,225.00) 15,000,000.00 0.29006/10/13 15,000,000.00 N.AAA+ Aaa

0.00 1,125.00 5/21/12591843 0.2700313379GC7


15,000,000.00 14,992,650.00 (7,350.00) 15,000,000.00 0.27006/21/13 15,000,000.00 N.AAA+ Aaa

0.00 333.33 5/23/12592165 0.3000313379HA0


5,000,000.00 4,998,845.00 (1,155.00) 5,000,000.00 0.30006/21/13 5,000,000.00 N.AAA+ Aaa

79,500,000.00 79,491,919.00 (33.83) 31,341.67 79,500,169.17 (8,250.17)0.2965 0.2812Subtotal for GOV'T AGY - CALLABLE: 79,500,203.00

GOV'T AGY - STEP UP

(3,760.00) 3,958.33 5/25/12592963 2.37503134G3AT7


10,000,000.00 10,003,400.00 3,400.00 10,000,000.00 0.11766/1/12 10,003,760.00 AAAAA+ Aaa

10,000,000.00 10,003,400.00 (3,760.00) 3,958.33 10,000,000.00 3,400.00 2.3750 0.1176Subtotal for GOV'T AGY - STEP UP: 10,003,760.00


MEDIUM TERM NOTES


(3,670.55) 4,554.78 4/4/12582833 0.774536967HAJ6

GENERAL ELEC CAP CORP / JP MORGAN CHASE & CO

3,650,443.00 3,650,912.50 469.50 3,650,000.00 0.15016/8/12 3,654,113.55 N.AAA+ Aaa

(3,112.50) 3,765.18 5/25/12592962 0.774536967HAJ6


25,003,112.50 25,006,250.00 3,137.50 25,000,000.00 0.13406/8/12 25,006,225.00 N.AAA+ Aaa

(3,401.70) 2,329.50 10/18/11551843 0.6936949744AD8

WELLS FARGO BANK / BANK OF AMERICA

1,550,209.80 1,550,682.00 472.20 1,550,000.00 0.34126/15/12 1,553,611.50 AA+AAA Aaa

MORGAN STANLEY / CASTLE OAK SECURITIES32


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P



MEDIUM TERM NOTES


(28,035.56) 14,129.71 9/16/11546243 0.823661757UAJ9 8,462,056.66 8,464,145.40 2,088.74 8,460,000.00 0.35666/20/12 8,490,092.22 AAAAA+ Aaa

(1,683.39) 2,059.12 5/23/12592162 0.823661757UAJ9

MORGAN STANLEY / RBC

10,003,553.81 10,004,900.00 1,346.19 10,000,000.00 0.15006/20/12 10,005,237.20 AAAAA+ Aaa

(9,816.02) 11,744.56 3/27/12581263 0.8542481247AF1

JP MORGAN CHASE & CO / JEFFERIES & COMPANY

7,503,123.28 7,503,300.00 176.72 7,500,000.00 0.14006/22/12 7,512,939.30 AAAAA+ Aaa

(13,710.87) 9,473.00 2/2/12571391 0.473736967HAU1

GENERAL ELEC CAP CORP / RBC

10,023,194.23 10,015,100.00 (8,094.23) 10,000,000.00 0.056512/21/12 10,036,905.10 N.AAA+ Aaa

66,160,000.00 66,195,289.90 (63,430.59) 48,055.85 66,195,693.28 (403.38)0.7499 0.1596Subtotal for MED TERM NOTE FLOAT

FDIC:

66,259,123.87

MEDIUM TERM NOTE

(135,355.94) 148,125.00 3/12/12578477 4.5000084664AZ4

BERKSHIRE HATHAWAY INC / BARCLAYS CAPITAL

15,383,794.06 15,452,850.00 69,055.94 15,000,000.00 0.37701/15/13 15,519,150.00 A+AA+ Aa2

(36,134.97) 44,861.11 3/15/12579257 2.1250084670AU2


10,118,865.03 10,123,100.00 4,234.97 10,000,000.00 0.40822/11/13 10,155,000.00 A+AA+ Aa2

(14,985.08) 19,184.03 3/26/12581029 2.1250084670AU2


5,057,634.92 5,061,550.00 3,915.08 5,000,000.00 0.45962/11/13 5,072,620.00 A+AA+ Aa2



(16,592.52) 17,600.00 5/7/12589251 2.200036967HAH0

GENERAL ELEC CAP CORP / JP MORGAN CHASE & CO

12,004,839.48 12,005,160.00 320.52 12,000,000.00 0.12076/8/12 12,021,432.00 AA+ Aaa

(49,351.58) 52,640.97 2/23/12574908 2.1250949744AC0

WELLS FARGO BANK / CASTLE OAK SECURITIES

9,107,050.22 9,107,098.00 47.78 9,100,000.00 0.13036/15/12 9,156,401.80 AAAAA+ Aaa

(15,430.85) 16,468.75 3/1/12576290 2.1250949744AC0


3,102,400.35 3,102,418.00 17.65 3,100,000.00 0.13016/15/12 3,117,831.20 AAAAA+ Aaa

(30,103.97) 32,056.81 3/2/12576837 2.2000481247AK0

JP MORGAN CHASE & CO / BNP PARIBAS

5,898,735.46 5,899,068.84 333.38 5,894,000.00 0.13016/15/12 5,928,839.43 AAAAA+ Aaa

(110,888.40) 116,458.34 3/5/12577067 3.250038146FAA9

GOLDMAN SACHS GROUP INC / JP MORGAN CHASE BANK, NA

15,018,051.60 15,018,150.00 98.40 15,000,000.00 0.15006/15/12 15,128,940.00 AAAAA+ Aaa

(122,765.00) 131,388.89 3/5/12577068 2.2000481247AK0


25,019,985.00 25,021,500.00 1,515.00 25,000,000.00 0.14016/15/12 25,142,750.00 AAAAA+ Aaa

(35,880.00) 37,555.55 4/11/12584193 3.250038146FAA9

GOLDMAN SACHS GROUP INC / DEUTSCHE

8,330,046.40 8,330,067.20 20.80 8,320,000.00 0.14056/15/12 8,365,926.40 AAAAA+ Aaa

GOLDMAN SACHS GROUP INC / OPPENHEIMER & CO., INC 33


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P



MEDIUM TERM NOTES


(59,032.50) 61,388.89 4/27/12587243 3.250038146FAA9 20,024,307.50 20,024,200.00 (107.50) 20,000,000.00 0.12036/15/12 20,083,340.00 AAAAA+ Aaa

(58,366.07) 56,312.50 12/6/11560548 2.1250481247AE4

JP MORGAN CHASE & CO / JP MORGAN CHASE & CO.

6,007,003.93 6,006,060.00 (943.93) 6,000,000.00 0.12256/22/12 6,065,370.00 AAAAA+ Aaa

(22,553.36) 24,070.94 3/1/12576295 2.1250481247AE4

JP MORGAN CHASE & CO / BNP PARIBAS

4,536,262.45 4,535,576.31 (686.14) 4,531,000.00 0.13036/22/12 4,558,815.81 AAAAA+ Aaa

(62,365.59) 69,062.50 3/13/12578533 2.125036967HAV9


15,159,911.76 15,160,800.00 888.24 15,000,000.00 0.203412/21/12 15,222,277.35 NAAA+ Aaa


Subtotal for MEDIUM TERM NOTES: (833,236.42) 875,230.13 2.1096 0.1822 220,964,581.44 221,042,888.25 78,306.81 220,105,000.00 221,797,817.86

MUNICIPAL DEBT


0.00 250.59 5/31/12511019 1.820068428LCP7


4,956,654.73 4,956,654.73 0.00 4,956,654.73 1.82006/13/12 4,956,654.73 A-1+


2011A:

4,956,654.73


0.00 39,253.48 1/18/12569225 0.850068428LCS1


12,500,000.00 12,513,000.00 13,000.00 12,500,000.00 0.84992/1/13 12,500,000.00 A+ Aa2


2012A:

12,500,000.00


TREASURIES

TREASURY BILL

0.00 1,728.47 4/24/12586543 9127955T4

US TREASURY N/B / RBC

24,997,361.81 24,999,687.50 2,325.69 25,000,000.00 0.06556/21/12 24,997,361.81 AAAAA+ Aaa

0.00 1,768.06 4/24/12586544 9127953W9

US TREASURY N/B / DEUTSCHE

24,996,975.69 24,999,484.25 2,508.56 25,000,000.00 0.06706/28/12 24,996,975.69 AAAAA+ Aaa

50,000,000.00 49,999,171.75 0.00 3,496.53 49,994,337.50 4,834.25 0.0000 0.0663Subtotal for TREASURY BILL: 49,994,337.50

TREASURY BOND

(46,386.72) 48,668.03 4/24/12586530 1.8750912828KX7

US TREASURY N/B / CRED SUIS SECURITIES

25,017,089.84 25,017,578.25 488.41 25,000,000.00 0.08686/15/12 25,063,476.56 AAAAA+ Aaa

US TREASURY N/B / RBC 34


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P



TREASURIES

TREASURY BOND

(55,175.78) 60,628.43 2/9/12572664 1.3750912828MN7 15,126,464.85 15,125,976.60 (488.25) 15,000,000.00 0.18182/15/13 15,181,640.63 AAAAA+ Aaa

40,000,000.00 40,143,554.85 (101,562.50) 109,296.46 40,143,554.69 0.16 1.6875 0.1225Subtotal for TREASURY BOND: 40,245,117.19

Subtotal for TREASURIES: (101,562.50) 112,792.99 0.7500 0.0912 90,137,892.19 90,142,726.60 4,834.41 90,000,000.00 90,239,454.69

(1,607,615.63) 1,644,207.04 Total Educational Money Mkt Fnd : 0.6638 0.1631 1,463,276,801.44 1,463,305,781.46 28,980.02 1,461,529,362.25 1,464,877,312.90


Extended Fund

GOVERNMENT AGENCY


14,628.94 39,843.75 6/29/11531472 0.375031398A6F4

FANNIE MAE / CANTOR FITZGERALD

24,990,878.94 25,022,125.00 31,246.06 25,000,000.00 0.438712/28/12 24,976,250.00 AAAAA+ Aaa

5,816.41 17,531.25 7/28/11536702 0.375031398A6F4


10,996,026.41 11,009,735.00 13,708.59 11,000,000.00 0.438112/28/12 10,990,210.00 AAAAA+ Aaa

0.00 40,000.00 7/7/11532769 0.400031331KQU7

FED FARM CR BK / JEFFERIES & COMPANY

25,000,000.00 25,033,525.00 33,525.00 25,000,000.00 0.40001/7/13 25,000,000.00 AAAAA+ Aaa

(114,127.86) 121,527.78 2/8/10437312 1.750031331JBV4


25,035,622.14 25,279,200.00 243,577.86 25,000,000.00 1.54732/21/13 25,149,750.00 AAAAA+ Aaa

(133,535.08) 120,312.50 2/8/10437310 1.750031398AE24

FANNIE MAE / RBC

25,041,839.92 25,265,000.00 223,160.08 25,000,000.00 1.51302/22/13 25,175,375.00 AAAAA+ Aaa

(123,351.01) 120,312.50 2/8/10437311 1.750031398AE24


25,038,648.99 25,265,000.00 226,351.01 25,000,000.00 1.53102/22/13 25,162,000.00 AAAAA+ Aaa

(140,351.29) 72,187.50 9/30/11548832 1.750031398AE24

FANNIE MAE / UBS FINANCIAL SERVICES

15,151,998.71 15,159,000.00 7,001.29 15,000,000.00 0.34762/22/13 15,292,350.00 AAAAA+ Aaa

(88,027.96) 40,347.22 10/7/11550131 1.75003133XWX87


10,104,204.04 10,112,820.00 8,615.96 10,000,000.00 0.39063/8/13 10,192,232.00 AAAAA+ Aaa

(85,140.83) 40,347.22 10/11/11550400 1.75003133XWX87

FED HM LN BK BD / BANK OF AMERICA

10,102,539.17 10,112,820.00 10,280.83 10,000,000.00 0.41203/8/13 10,187,680.00 AAAAA+ Aaa

14,254.58 15,000.00 10/5/11549643 0.3000313375NC7

FED HM LN BK BD / OPPENHEIMER & CO., INC

24,982,604.58 25,005,925.00 23,320.42 25,000,000.00 0.38733/19/13 24,968,350.00 AAAAA+ Aaa

928.87 9,777.78 12/6/11560524 0.220031331K2H2

FED FARM CR BK / BARCLAYS CAPITAL

24,998,428.87 25,005,575.00 7,146.13 25,000,000.00 0.22773/27/13 24,997,500.00 AAAAA+ Aaa

FREDDIE MAC / DEUTSCHE 35


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P


Extended Fund

GOVERNMENT AGENCY


74,569.77 65,625.00 2/4/11504054 0.75003137EACS6 49,953,569.77 50,168,500.00 214,930.23 50,000,000.00 0.86393/28/13 49,879,000.00 AAAAA+ Aaa

74,569.77 65,625.00 2/4/11504055 0.75003137EACS6

FREDDIE MAC / DEUTSCHE

49,953,569.77 50,168,500.00 214,930.23 50,000,000.00 0.86393/28/13 49,879,000.00 AAAAA+ Aaa

1,397.23 6,533.33 1/12/12567449 0.2400313376RH0


19,996,873.83 19,993,140.00 (3,733.83) 20,000,000.00 0.25814/12/13 19,995,476.60 N.AAA+ Aaa

50,392.51 103,819.44 3/4/10441606 1.62503137EACJ6


49,980,392.51 50,604,000.00 623,607.49 50,000,000.00 1.67104/15/13 49,930,000.00 AAAAA+ Aaa

(31,132.59) 10,266.67 9/28/11548264 0.80003134G1VX9

FREDDIE MAC / OPPENHEIMER & CO., INC

11,040,741.41 11,049,643.00 8,901.59 11,000,000.00 0.37904/19/13 11,071,874.00 AAAAA+ Aaa

(1,998.10) 2,877.78 11/16/11557237 0.3700313376A96

FED HM LN BK BD / CANTOR FITZGERALD

10,003,401.90 10,007,360.00 3,958.10 10,000,000.00 0.33305/3/13 10,005,400.00 N.AAA+ Aaa

(2,553.13) 4,316.67 11/16/11557238 0.3700313376A96


15,004,346.87 15,011,040.00 6,693.13 15,000,000.00 0.33855/3/13 15,006,900.00 N.AAA+ Aaa

0.00 972.22 12/6/11560525 0.250031331K2J8


20,000,000.00 20,008,440.00 8,440.00 20,000,000.00 0.25005/24/13 20,000,000.00 AAAAA+ Aaa

165.72 243.06 12/6/11560535 0.250031331K2J8

FED FARM CR BK / MESIROW FINANCIAL

4,999,665.72 5,002,110.00 2,444.28 5,000,000.00 0.25685/24/13 4,999,500.00 AAAAA+ Aaa

720.76 486.11 12/9/11561384 0.250031331K2J8

FED FARM CR BK / OPPENHEIMER & CO., INC

9,998,520.76 10,004,220.00 5,699.24 10,000,000.00 0.26515/24/13 9,997,800.00 AAAAA+ Aaa

(549.52) 9,605.56 12/21/11563538 0.3500313376LQ6


6,176,253.58 6,177,871.38 1,617.80 6,175,000.00 0.32996/6/13 6,176,803.10 AAAAA+ Aaa

(26,017.90) 30,604.17 2/8/12572407 1.62503133XYHD0


6,085,882.10 6,063,690.00 (22,192.10) 6,000,000.00 0.24046/14/13 6,111,900.00 AAAAA+ Aaa

(138,251.85) 166,666.67 12/21/11563539 1.87503133XXYX9


20,328,348.15 20,342,100.00 13,751.85 20,000,000.00 0.31486/21/13 20,466,600.00 AAAAA+ Aaa

(172,800.00) 208,333.33 12/21/11563540 1.87503133XXYX9


25,410,400.00 25,427,625.00 17,225.00 25,000,000.00 0.31496/21/13 25,583,200.00 AAAAA+ Aaa

(8,778.81) 29,444.44 2/15/12573794 0.4000313376KS3


25,031,471.19 25,023,950.00 (7,521.19) 25,000,000.00 0.28046/21/13 25,040,250.00 AAAAA+ Aaa

5,055.34 78,888.89 11/28/11558905 0.4000313376KA2


49,989,005.34 50,047,050.00 58,044.66 50,000,000.00 0.42007/9/13 49,983,950.00 N.AAA+ Aaa

2,674.34 20,486.11 2/3/12571664 0.2500313376VB8


24,990,503.84 24,979,650.00 (10,853.84) 25,000,000.00 0.28277/30/13 24,987,829.50 AAAAA+ Aaa 36


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P


Extended Fund

GOVERNMENT AGENCY


509.77 7,847.23 2/8/12572408 0.2500313376VB8


9,998,109.77 9,991,860.00 (6,249.77) 10,000,000.00 0.26637/30/13 9,997,600.00 AAAAA+ Aaa

(12,575.72) 19,375.00 9/26/11547752 0.5000313374Y61


15,022,944.28 15,042,450.00 19,505.72 15,000,000.00 0.37628/28/13 15,035,520.00 AAAAA+ Aaa

(8,320.47) 28,933.33 10/5/11549642 0.5000313374Y61


22,415,759.53 22,463,392.00 47,632.47 22,400,000.00 0.44308/28/13 22,424,080.00 AAAAA+ Aaa

128.36 25,833.33 10/13/11550967 0.5000313374Y61


19,999,748.36 20,056,600.00 56,851.64 20,000,000.00 0.50108/28/13 19,999,620.00 AAAAA+ Aaa

(5,454.81) 12,916.67 2/17/12574305 0.5000313374Y61

FED HM LN BK BD / STERNE AGEE & LEACH

10,023,445.19 10,028,300.00 4,854.81 10,000,000.00 0.31068/28/13 10,028,900.00 AAAAA+ Aaa

2,378.64 19,444.45 4/11/12584192 0.2800313378LH2


49,977,878.64 49,964,800.00 (13,078.64) 50,000,000.00 0.31439/16/13 49,975,500.00 AAAAA+ Aaa

4,339.61 6,611.11 9/26/11547753 0.350031331KZJ2

FED FARM CR BK / CANTOR FITZGERALD

9,991,639.61 10,014,910.00 23,270.39 10,000,000.00 0.41419/23/13 9,987,300.00 AAAAA+ Aaa

(32,553.15) 14,296.88 10/5/11549639 1.125031398A2M3

FANNIE MAE / RBC

7,566,071.85 7,577,685.00 11,613.15 7,500,000.00 0.45919/30/13 7,598,625.00 AAAAA+ Aaa

13,908.08 7,187.50 10/14/11551228 0.37503134G2U42


14,969,733.08 15,006,300.00 36,566.92 15,000,000.00 0.523010/15/13 14,955,825.00 AAAAA+ Aaa

1,140.58 2,236.11 11/18/11557821 0.50003134G23H3


3,497,080.58 3,509,922.50 12,841.92 3,500,000.00 0.561210/15/13 3,495,940.00 AAAAA+ Aaa

(47,421.11) 15,925.00 11/10/11556339 1.050031398A4S8

FANNIE MAE / OPPENHEIMER & CO., INC

14,118,198.89 14,135,884.00 17,685.11 14,000,000.00 0.440010/22/13 14,165,620.00 AAAAA+ Aaa

(9,199.46) 3,753.75 11/16/11557239 1.050031398A4S8


3,323,635.54 3,332,029.80 8,394.26 3,300,000.00 0.532010/22/13 3,332,835.00 AAAAA+ Aaa

(1,145.29) 1,137.50 3/29/12581788 1.050031398A4S8


1,009,254.71 1,009,706.00 451.29 1,000,000.00 0.382310/22/13 1,010,400.00 AAAAA+ Aaa

0.00 3,966.67 4/27/12587240 0.28003133794Z9

FED HM LN BK BD / DREXEL HAMILTON LLC

15,000,000.00 14,986,005.00 (13,995.00) 15,000,000.00 0.280010/25/13 15,000,000.00 AAAAA+ Aaa

8,492.96 8,072.92 11/10/11556340 0.37503137EACX5


24,978,492.96 25,027,250.00 48,757.04 25,000,000.00 0.436210/30/13 24,970,000.00 AAAAA+ Aaa

31,060.03 1,666.67 10/14/11551227 0.37503133762C8


39,926,660.03 40,033,400.00 106,739.97 40,000,000.00 0.499011/27/13 39,895,600.00 AAAAA+ Aaa

FED HM LN BK BD / CASTLE OAK SECURITIES 37


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P


Extended Fund

GOVERNMENT AGENCY


(51,410.86) 59,445.31 3/28/12581531 3.12503133XSP93 11,320,457.04 11,337,192.60 16,735.56 10,870,000.00 0.409912/13/13 11,371,867.90 N.AAA+ Aaa

(226,590.53) 248,430.00 3/28/12581532 4.87503133XHW57

FED HM LN BK BD / BARCLAY CAPITAL

31,105,364.67 31,117,486.40 12,121.73 29,120,000.00 0.408212/13/13 31,331,955.20 N.AAA+ Aaa

(30,358.71) 32,617.81 4/30/12587739 4.87503133XHW57


8,310,580.89 8,302,983.15 (7,597.74) 7,770,000.00 0.321912/13/13 8,340,939.60 AAAAA+ Aaa

(40,621.72) 43,219.58 9/28/11548263 1.300031331J6A6


7,668,948.16 7,697,381.70 28,433.54 7,575,000.00 0.500012/23/13 7,709,569.88 AAAAA+ Aaa

(15,551.08) 38,628.47 3/2/12576844 0.62503134G3BF6


25,098,198.92 25,115,125.00 16,926.08 25,000,000.00 0.372312/23/13 25,113,750.00 AAAAA+ Aaa

(6,123.42) 14,756.95 3/6/12577118 0.62503134G3BF6

FREDDIE MAC / DREXEL HAMILTON LLC

10,040,486.58 10,046,050.00 5,563.42 10,000,000.00 0.364512/23/13 10,046,610.00 AAAAA+ Aaa

(3,140.60) 12,326.39 3/20/12580025 0.62503134G3BF6


10,024,859.40 10,046,050.00 21,190.60 10,000,000.00 0.464912/23/13 10,028,000.00 AAAAA+ Aaa

(11,371.06) 20,416.66 4/5/12583125 0.8750313371UC8


15,114,928.94 15,130,500.00 15,571.06 15,000,000.00 0.385512/27/13 15,126,300.00 AAAAA+ Aaa

1,479.17 44,375.00 1/9/12566675 0.45003134G3JR2

FREDDIE MAC / UBS FINANCIAL SERVICES

24,993,979.17 25,031,625.00 37,645.83 25,000,000.00 0.46511/9/14 24,992,500.00 N.AAA+ Aaa

5,824.36 18,541.67 3/2/12576840 0.30003133783D1


24,959,949.36 24,965,800.00 5,850.64 25,000,000.00 0.39472/13/14 24,954,125.00 AAAAA+ Aaa

1,613.99 8,387.17 4/12/12584495 0.30003133783D1


20,519,841.59 20,511,901.28 (7,940.31) 20,540,000.00 0.35802/13/14 20,518,227.60 AAAAA+ Aaa

(14,683.20) 22,760.42 4/4/12582829 1.250031398A3K6

FANNIE MAE / STERNE AGEE & LEACH

11,665,636.80 11,674,961.00 9,324.20 11,500,000.00 0.43923/14/14 11,680,320.00 AAAAA+ Aaa

(45,641.20) 55,416.67 4/5/12583124 2.37503133XWKV0

FED HM LN BK BD / CANTOR FITZGERALD

15,524,058.80 15,558,600.00 34,541.20 15,000,000.00 0.40913/14/14 15,569,700.00 AAAAA+ Aaa

3,020.69 5,833.33 2/17/12574304 0.30003134G3NS5

FREDDIE MAC / BNP PARIBAS

9,981,120.69 9,983,330.00 2,209.31 10,000,000.00 0.40513/21/14 9,978,100.00 AAAAA+ Aaa

2,440.78 5,833.33 2/28/12575957 0.30003134G3NS5

FREDDIE MAC / STERNE AGEE & LEACH

9,982,940.78 9,983,330.00 389.22 10,000,000.00 0.39503/21/14 9,980,500.00 AAAAA+ Aaa

2,484.53 5,833.33 3/2/12576846 0.30003134G3NS5

FREDDIE MAC / BNP PARIBAS

9,981,854.53 9,983,330.00 1,475.47 10,000,000.00 0.40103/21/14 9,979,370.00 AAAAA+ Aaa

2,023.81 5,833.33 3/6/12577117 0.30003134G3NS5


9,984,523.81 9,983,330.00 (1,193.81) 10,000,000.00 0.38613/21/14 9,982,500.00 N.AAA+ Aaa 38


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P


Extended Fund

GOVERNMENT AGENCY


(2,052.52) 12,500.00 4/16/12585001 0.40003133EAJD1

FED FARM CR BK / JEFFERIES & COMPANY

25,029,647.48 25,054,500.00 24,852.52 25,000,000.00 0.33403/21/14 25,031,700.00 AAAAA+ Aaa

3,709.23 11,093.75 3/20/12580024 0.37503134G3SB7

FREDDIE MAC / BARCLAYS CAPITAL

14,964,109.23 14,991,555.00 27,445.77 15,000,000.00 0.50114/28/14 14,960,400.00 AAAAA+ Aaa

(13,389.80) 1,145.83 4/13/12584829 1.3750313373JR4


10,200,010.20 10,197,000.00 (3,010.20) 10,000,000.00 0.36595/28/14 10,213,400.00 AAAAA+ Aaa

(5,731.48) 6,944.45 5/21/12591841 2.50003133XWE70


10,419,544.02 10,425,250.00 5,705.98 10,000,000.00 0.42536/13/14 10,425,275.50 N.AAA+ Aaa

(5,731.81) 6,944.45 5/21/12591842 2.50003133XWE70


10,419,568.19 10,425,250.00 5,681.81 10,000,000.00 0.42526/13/14 10,425,300.00 N.AAA+ Aaa

(17,603.30) 26,875.00 4/18/12585299 1.12503135G0BJ1

FANNIE MAE / RBC

20,305,396.70 20,300,500.00 (4,896.70) 20,000,000.00 0.38426/27/14 20,323,000.00 AAAAA+ Aaa

10,242.54 10,000.00 9/27/11547992 0.50003134G2YJ5


9,965,242.54 10,006,710.00 41,467.46 10,000,000.00 0.65289/19/14 9,955,000.00 AAAAA+ Aaa

(1,600.47) 5,381.94 4/3/12582607 0.62503135G0DW0

FANNIE MAE / BNP PARIBAS

10,023,979.53 10,038,050.00 14,070.47 10,000,000.00 0.524810/30/14 10,025,580.00 AAAAA+ Aaa

(5,447.64) 38,628.47 3/2/12576839 0.62503137EADA4


25,056,802.36 25,081,000.00 24,197.64 25,000,000.00 0.536012/29/14 25,062,250.00 AAAAA+ Aaa

1,268,250,000.00 1,277,518,899.81 (1,340,363.97) 2,383,355.38 1,274,866,421.91 2,652,477.90 0.9046 0.5434Subtotal for GOVT AGENCY-FIX-30/360: 1,276,206,785.88


76,300.00 20,346.67 2/25/11507911 0.80003134G1VX9


21,800,000.00 21,898,383.40 98,383.40 21,800,000.00 0.96484/19/13 21,723,700.00 AAAAA+ Aaa

47,500.00 7,250.00 4/3/12582606 0.18003133EACJ5

FED FARM CR BK / OPPENHEIMER & CO., INC

25,000,000.00 24,984,275.00 (15,725.00) 25,000,000.00 0.32178/7/13 24,952,500.00 AAAAA+ Aaa

0.00 40,833.33 11/29/11559201 0.60003134G2VW9


25,000,000.00 25,023,025.00 23,025.00 25,000,000.00 0.59998/23/13 25,000,000.00 AAAAA+ Aaa

(5,030.04) 14,930.56 1/5/12565858 0.50003134G2W73


25,004,719.96 25,020,975.00 16,255.04 25,000,000.00 0.478010/18/13 25,009,750.00 AAAAA+ Aaa

91,250.00 28,437.50 1/18/11500503 1.050031398A4S8


25,000,000.00 25,242,650.00 242,650.00 25,000,000.00 1.184610/22/13 24,908,750.00 AAAAA+ Aaa

169,000.00 28,437.50 2/28/11507981 1.050031398A4S8


25,000,000.00 25,242,650.00 242,650.00 25,000,000.00 1.310210/22/13 24,831,000.00 AAAAA+ Aaa

FANNIE MAE / RBC39


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P


Extended Fund

GOVERNMENT AGENCY


(1,641.67) 2,833.33 11/14/11556631 0.60003135G0FG3 10,001,358.33 10,015,230.00 13,871.67 10,000,000.00 0.584911/14/13 10,003,000.00 N.AAA+ Aaa

(5,472.22) 7,083.33 11/14/11556632 0.60003135G0FG3


25,004,527.78 25,038,075.00 33,547.22 25,000,000.00 0.579911/14/13 25,010,000.00 N.AAA+ Aaa

0.00 6,111.11 11/15/11556891 0.55003135G0FP3

FANNIE MAE / BANK OF AMERICA

25,000,000.00 25,031,300.00 31,300.00 25,000,000.00 0.550011/15/13 25,000,000.00 AAAAA+ Aaa

6,333.33 2,291.67 11/21/11558036 0.55003135G0FN8


14,994,333.33 15,017,910.00 23,576.67 15,000,000.00 0.590311/21/13 14,988,000.00 N.AAA+ Aaa

37,916.67 694.44 11/29/11559202 0.50003134G26U1

FREDDIE MAC / RBC

24,962,916.67 25,022,925.00 60,008.33 25,000,000.00 0.651211/29/13 24,925,000.00 N.AAA+ Aaa

16,041.67 58,333.33 12/6/11560567 0.60003134G3AC4


19,983,041.67 20,032,780.00 49,738.33 20,000,000.00 0.683212/6/13 19,967,000.00 AAAAA+ Aaa

8,993.06 29,166.67 12/6/11560568 0.60003134G3AC4


9,990,493.06 10,016,390.00 25,896.94 10,000,000.00 0.693312/6/13 9,981,500.00 AAAAA+ Aaa

0.00 54,236.11 1/9/12567241 0.55003134G3GF1

FREDDIE MAC / BARCLAY CAPITAL

25,000,000.00 25,032,475.00 32,475.00 25,000,000.00 0.55001/9/14 25,000,000.00 N.AAA+ Aaa

0.00 11,641.67 4/11/12584196 0.4000313378H87

FANNIE MAE / RBC

20,955,000.00 20,948,776.37 (6,223.63) 20,955,000.00 0.40002/28/14 20,955,000.00 AAAAA+ Aaa

0.00 54,687.50 1/25/12569662 0.62503134G3JA9


25,000,000.00 25,033,375.00 33,375.00 25,000,000.00 0.62507/25/14 25,000,000.00 N.AAA+ Aaa

0.00 13,750.00 10/17/11551503 0.75003134G2X98

FREDDIE MAC / BANK OF AMERICA

15,000,000.00 15,024,360.00 24,360.00 15,000,000.00 0.750010/17/14 15,000,000.00 AAAAA+ Aaa

18,750.00 14,666.67 10/17/11551505 0.80003135G0DT7


15,000,000.00 15,005,355.00 5,355.00 15,000,000.00 0.842310/17/14 14,981,250.00 AAAAA+ Aaa

6,305.87 13,104.17 10/26/11553429 0.85003135G0EJ8


14,995,805.87 15,035,085.00 39,279.13 15,000,000.00 0.873710/24/14 14,989,500.00 AAAAA+ Aaa

(49,077.19) 43,680.56 1/9/12566677 0.85003135G0EJ8

FANNIE MAE / BARCLAYS CAPITAL

50,049,422.81 50,116,950.00 67,527.19 50,000,000.00 0.778510/24/14 50,098,500.00 AAAAA+ Aaa

566.67 6,666.67 11/7/11555542 1.00003135G0EQ2

FANNIE MAE / GREENWICH CAPITAL

9,999,566.67 10,031,170.00 31,603.33 10,000,000.00 1.003411/7/14 9,999,000.00 AAAeAA+ Aaa

2,125.00 10,000.00 11/7/11555543 1.00003135G0EQ2

FANNIE MAE / GREENWICH CAPITAL

14,998,375.00 15,046,755.00 48,380.00 15,000,000.00 1.008511/7/14 14,996,250.00 AAAeAA+ Aaa

850.69 2,430.56 5/24/12592693 0.50003135G0LF8


24,957,100.69 24,972,475.00 15,374.31 25,000,000.00 0.570611/24/14 24,956,250.00 N.AAA+ Aaa 40


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P


Extended Fund

GOVERNMENT AGENCY


1,701.39 4,861.11 5/24/12592695 0.50003135G0LF8


49,914,201.39 49,944,950.00 30,748.61 50,000,000.00 0.570611/24/14 49,912,500.00 N.AAA+ Aaa

1,139.93 3,256.94 5/24/12592696 0.50003135G0LF8


33,442,514.93 33,463,116.50 20,601.57 33,500,000.00 0.570611/24/14 33,441,375.00 N.AAA+ Aaa

146.24 416.67 5/25/12592755 0.50003135G0LF8


4,991,396.24 4,994,495.00 3,098.76 5,000,000.00 0.570711/24/14 4,991,250.00 N.AAA+ Aaa

(41,561.61) 91,484.80 1/19/12568614 0.92003134G3CM0


27,180,138.39 27,207,814.56 27,676.17 27,120,000.00 0.788812/12/14 27,221,700.00 N.AAA+ Aaa

(9,814.64) 62,500.00 2/21/12574603 0.90003134G3HJ2


25,093,435.36 25,076,250.00 (17,185.36) 25,000,000.00 0.75681/23/15 25,103,250.00 AAAAA+ Aaa

0.00 67,222.22 1/30/12570281 0.80003134G3HS2

FREDDIE MAC / JEFFERIES & COMPANY

25,000,000.00 25,052,350.00 52,350.00 25,000,000.00 0.80001/30/15 25,000,000.00 N.AAA+ Aaa

0.00 24,520.83 2/14/12573492 0.55003134G3MR8


15,000,000.00 14,985,600.00 (14,400.00) 15,000,000.00 0.55002/13/15 15,000,000.00 AAAAA+ Aaa

(13,828.75) 19,270.83 4/24/12586532 1.25003135G0KE2


15,120,721.25 15,118,590.00 (2,131.25) 15,000,000.00 0.94584/23/15 15,134,550.00 AAAAA+ Aaa

0.00 19,270.83 4/24/12586531 0.75003135G0KD4


25,000,000.00 25,039,600.00 39,600.00 25,000,000.00 0.75004/24/15 25,000,000.00 AAAAA+ Aaa

0.00 583.33 5/29/12593039 0.70003135G0LC5


15,000,000.00 14,989,380.00 (10,620.00) 15,000,000.00 0.70005/29/15 15,000,000.00 N.AAA+ Aaa

0.00 388.89 5/29/12593040 0.70003135G0LC5


10,000,000.00 9,992,920.00 (7,080.00) 10,000,000.00 0.70005/29/15 10,000,000.00 N.AAA+ Aaa

0.00 972.22 5/29/12593041 0.70003135G0LC5


25,000,000.00 24,982,300.00 (17,700.00) 25,000,000.00 0.70005/29/15 25,000,000.00 N.AAA+ Aaa

0.00 51,021.06 9/26/11547754 1.00003136FRT29


23,854,000.00 23,892,882.02 38,882.02 23,854,000.00 1.00009/14/15 23,854,000.00 AAAAA+ Aaa

(31,030.30) 44,916.67 1/23/12568923 1.05003135G0CV3


20,024,969.70 20,038,820.00 13,850.30 20,000,000.00 0.97159/14/15 20,056,000.00 AAAAA+ Aaa

0.00 4,166.67 5/23/12592168 0.75003134G3UV0

FED HM LN BK BD / BARCLAY CAPITAL

25,000,000.00 24,972,850.00 (27,150.00) 25,000,000.00 0.750011/23/15 25,000,000.00 N.AAA+ Aaa

(10,355.11) 66,562.50 9/28/11548270 1.35003136FR3N1

FANNIE MAE / FTN FINANCIAL

25,004,644.89 25,066,200.00 61,555.11 25,000,000.00 1.33759/20/16 25,015,000.00 AAAAA+ Aaa

FREDDIE MAC / RBC 41


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P


Extended Fund

GOVERNMENT AGENCY


(20,677.97) 43,750.00 9/27/11547990 1.50003134G2F64 15,009,322.03 15,053,235.00 43,912.97 15,000,000.00 1.45829/21/16 15,030,000.00 AAAAA+ Aaa

(10,016.01) 43,750.00 9/28/11548269 1.50003134G2F64


15,004,533.99 15,053,235.00 48,701.01 15,000,000.00 1.47979/21/16 15,014,550.00 AAAAA+ Aaa

(7,955.06) 11,666.67 5/7/12589253 1.75003135G0KP7


10,110,044.94 10,105,940.00 (4,104.94) 10,000,000.00 1.50365/3/17 10,118,000.00 AAAAA+ Aaa

(19,904.49) 29,166.67 5/7/12589254 1.75003135G0KP7


25,275,345.51 25,264,850.00 (10,495.51) 25,000,000.00 1.50345/3/17 25,295,250.00 AAAAA+ Aaa

922,229,000.00 924,128,722.85 258,555.46 1,061,362.26 922,721,930.46 1,406,792.39 0.7864 0.7921Subtotal for GOV'T AGY - CALLABLE: 922,463,375.00

GOV'T AGY - STEP UP

0.00 46,875.00 7/26/11536327 0.45003134G2TR3

FREDDIE MAC / RBC

30,000,000.00 30,011,790.00 11,790.00 30,000,000.00 0.45007/26/13 30,000,000.00 AAAAA+ Aaa

(1,281.05) 12,250.00 2/23/12574902 0.45003134G2TR3


10,000,718.95 10,003,930.00 3,211.05 10,000,000.00 0.43597/26/13 10,002,000.00 AAAAA+ Aaa

3,203.34 15,972.22 2/6/12571903 0.50003136FTE70


9,993,203.34 9,925,000.00 (68,203.34) 10,000,000.00 0.52258/5/16 9,990,000.00 AAAAA+ Aaa

27,000.00 29,000.00 10/5/11549641 1.00003134G2S60


18,000,000.00 17,989,200.00 (10,800.00) 18,000,000.00 1.030910/3/16 17,973,000.00 AAAAA+ Aaa

(3,451.09) 28,906.25 2/10/12572969 0.62503136FTWM7

FANNIE MAE / RBC

15,006,808.91 15,032,295.00 25,486.09 15,000,000.00 0.61081/10/17 15,010,260.00 AAAAA+ Aaa

0.00 35,312.50 2/8/12572409 0.75003136FTL31


15,000,000.00 15,025,920.00 25,920.00 15,000,000.00 0.75002/7/17 15,000,000.00 AAAAA+ Aaa

528.41 10,763.89 4/30/12587753 0.62503136G0FT3


19,997,528.41 19,981,820.00 (15,708.41) 20,000,000.00 0.62814/26/17 19,997,000.00 AAAAA+ Aaa

(1,650.00) 9,444.44 5/23/12592169 0.85003136G0GW5

FANNIE MAE / RBC

50,146,850.00 50,064,850.00 (82,000.00) 50,000,000.00 0.78935/23/17 50,148,500.00 AAAAA+ Aaa

0.00 4,444.44 5/23/12592170 0.8000313379CL1


25,000,000.00 24,957,175.00 (42,825.00) 25,000,000.00 0.80005/23/17 25,000,000.00 AAAAA+ Aaa

193,000,000.00 192,991,980.00 24,349.61 192,968.74 193,145,109.61 (153,129.61)0.7079 0.6947Subtotal for GOV'T AGY - STEP UP: 193,120,760.00

Subtotal for GOVERNMENT AGENCY: (1,057,458.90) 3,637,686.38 0.8429 0.6519 2,390,733,461.98 2,394,639,602.65 3,906,140.67 2,383,479,000.00 2,391,790,920.88

MEDIUM TERM NOTES

MEDIUM TERM NOTE

GENERAL ELEC CAP CORP / CANTOR FITZGERALD 42


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P


Extended Fund

MEDIUM TERM NOTES

MEDIUM TERM NOTE

(307,625.81) 105,000.00 1/25/11501981 3.500036962G4E1 10,045,574.19 10,090,700.00 45,125.81 10,000,000.00 1.19318/13/12 10,353,200.00 NRAA+ Aa2

(319,100.68) 30,625.00 9/29/10480423 5.250036962G3K8

GENERAL ELEC CAP CORP / CANTOR FITZGERALD

5,073,149.32 5,100,700.00 27,550.68 5,000,000.00 1.366210/19/12 5,392,250.00 NRAA+ Aa2

(958,400.27) 91,875.00 9/29/10480424 5.250036962G3K8


15,219,699.73 15,302,100.00 82,400.27 15,000,000.00 1.362010/19/12 16,178,100.00 NRAA+ Aa2

(332,320.28) 31,684.63 10/20/10484309 5.250036962G3K8

GENERAL ELEC CAP CORP / BANK OF AMERICA

5,251,933.22 5,277,184.22 25,251.00 5,173,000.00 1.209210/19/12 5,584,253.50 NRAA+ Aa2

(240,915.47) 127,293.83 11/17/10489532 2.800036962G4H4

GENERAL ELEC CAP CORP / JEFFERIES & COMPANY

11,539,365.81 11,594,700.60 55,334.79 11,445,000.00 1.40621/8/13 11,780,281.28 NRAA+ Aa2

13,449.07 324,652.78 2/11/10438125 2.1250084670AU2


49,995,949.07 50,615,500.00 619,550.93 50,000,000.00 2.13712/11/13 49,982,500.00 AA-AA+ Aa2

5,379.63 129,861.11 2/11/10438126 2.1250084670AU2


19,998,379.63 20,246,200.00 247,820.37 20,000,000.00 2.13712/11/13 19,993,000.00 AA-AA+ Aa2

(245,500.78) 27,842.46 4/9/10448521 4.2500931142CL5

WAL-MART STORES INC / WELLS FARGO BANK

5,226,853.94 5,307,572.94 80,719.00 5,127,000.00 1.94024/15/13 5,472,354.72 AAAA Aa2

(576,099.42) 101,334.75 8/26/10474363 5.400036962G3F9


9,940,497.06 10,083,330.95 142,833.89 9,515,000.00 1.85279/20/13 10,516,596.48 NRAA+ Aa2

(155,040.74) 0.00 5/13/10455034 2.9500594918AB0

MICROSOFT CORP / WELLS FARGO BANK

10,151,259.26 10,507,200.00 355,940.74 10,000,000.00 2.15606/1/14 10,306,300.00 AA+AAA Aaa

(272,591.02) 0.00 6/1/10458212 2.9500594918AB0

MICROSOFT CORP / WELLS FARGO BANK

15,272,591.02 15,760,800.00 488,208.98 15,000,000.00 2.00006/1/14 15,545,182.04 AA+AAA Aaa

(29,553.41) 0.00 5/3/12588559 2.9500594918AB0

MICROSOFT CORP / CRED SUIS SECURITIES

16,098,944.92 16,116,994.08 18,049.16 15,339,000.00 0.45816/1/14 16,128,498.33 AAAAA+ Aaa

171,599,000.00 176,002,982.79 (3,418,319.18) 970,169.56 173,814,197.17 2,188,785.62 3.1476 1.7325Subtotal for MEDIUM TERM NOTE: 177,232,516.35

MEDIUM TERM NOTE FLOATER

203,192.97 15,465.20 9/1/10475449 0.635936962GR89

GENERAL ELEC CAP CORP / STIFFEL NICOLAUS, LLC

24,999,192.79 25,038,514.62 39,321.83 25,017,000.00 1.19377/27/12 24,795,999.82 NRAA+ Aa2

66,361.73 6,296.24 11/2/10486851 0.635936962GR89


10,178,559.35 10,193,759.10 15,199.75 10,185,000.00 1.14037/27/12 10,112,197.62 NRAA+ Aa2

33,196.41 2,180.81 10/21/10484570 0.595936962GX58


4,388,505.64 4,395,733.20 7,227.56 4,392,000.00 1.06728/2/12 4,355,309.23 NRAA+ Aa2

647,101.93 14,600.58 5/19/10456075 0.595936962GZ49

GENERAL ELEC CAP CORP / BARCLAYS CAPITAL

28,322,926.62 28,491,570.00 168,643.38 28,456,000.00 1.812111/1/12 27,675,824.69 NRAA+ Aa243


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P


Extended Fund

MEDIUM TERM NOTES

MEDIUM TERM NOTE FLOATER

(10,805.42) 9,011.71 7/7/10465043 0.8828084670AY4

BERKSHIRE HATHAWAY INC / RBC

17,503,964.58 17,576,650.00 72,685.42 17,500,000.00 0.85002/11/13 17,514,770.00 AA-AA+ Aa2

85,550,000.00 85,696,226.92 939,047.62 47,554.54 85,393,148.98 303,077.94 0.6710 1.3162Subtotal for MEDIUM TERM NOTE

FLOATER:

84,454,101.36


(181,715.18) 141,666.67 9/28/11548265 2.125036967HAV9


15,149,559.82 15,160,800.00 11,240.18 15,000,000.00 0.325112/21/12 15,331,275.00 NRAA+ Aa2


Subtotal for MEDIUM TERM NOTES: (2,660,986.74) 1,159,390.77 2.3127 1.5241 274,356,905.97 276,860,009.71 2,503,103.74 272,149,000.00 277,017,892.71

MUNICIPAL DEBT

MUNI BOND CALLABLE

0.00 341,723.90 12/19/10495288 1.550068441MAF2

OC TRANSPORTATION AUTHORITY / OCTA

75,000,000.00 75,691,500.00 691,500.00 75,000,000.00 1.55028/15/13 75,000,000.00 AA A1

0.00 113,907.97 12/19/10495289 1.550068441MAG0

OC TRANSPORTATION AUTHORITY / OCTA

25,000,000.00 25,196,750.00 196,750.00 25,000,000.00 1.55028/15/13 25,000,000.00 AA A1

100,000,000.00 100,888,250.00 0.00 455,631.87 100,000,000.00 888,250.00 1.5500 1.5502Subtotal for MUNI BOND CALLABLE: 100,000,000.00


0.00 587.67 5/31/12511021 1.820068428LCP7


11,624,317.00 11,624,317.00 0.00 11,624,317.00 1.82006/13/12 11,624,317.00 A-1+


2011A:

11,624,317.00


0.00 59,850.00 1/18/12569228 0.900068428LCT9


18,000,000.00 18,031,680.00 31,680.00 18,000,000.00 0.64885/1/13 18,000,000.00 A+ Aa2

0.00 59,665.27 1/18/12569226 0.950068428LCU6


17,000,000.00 17,041,650.00 41,650.00 17,000,000.00 0.70636/28/13 17,000,000.00 A+ Aa2


2012A:

35,000,000.00


TREASURIES

TREASURY BOND

US TREASURY N/B / BNP PARIBAS 44


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P


Extended Fund

TREASURIES

TREASURY BOND

(68,905.41) 505.46 5/26/11525210 0.5000912828PV6 37,033,711.78 37,065,038.97 31,327.19 37,000,000.00 0.316211/30/12 37,102,617.19 AAAAA+ Aaa

42,063.57 63,871.69 4/6/11515585 0.7541912828QL7

US TREASURY N/B / BARCLAY CAPITAL

49,969,797.95 50,232,422.00 262,624.05 50,000,000.00 0.82773/31/13 49,927,734.38 AAAAA+ Aaa

4,201.25 10,928.96 4/3/12582621 0.2500912828RN2

US TREASURY N/B / JP MORGAN CHASE & CO

49,963,185.63 50,007,812.50 44,626.87 50,000,000.00 0.302210/31/13 49,958,984.38 AAAAA+ Aaa

16,902.04 12,807.38 1/3/12565531 0.1250912828RW2


24,934,870.79 24,948,242.25 13,371.46 25,000,000.00 0.290312/31/13 24,917,968.75 AAAAA+ Aaa

2,480.96 18,372.25 2/15/12573778 0.2500912828SB7

US TREASURY N/B / UBS FINANCIAL SERVICES

24,985,879.40 24,998,047.00 12,167.60 25,000,000.00 0.28401/31/14 24,983,398.44 AAAAA+ Aaa

187,000,000.00 187,251,562.72 (3,257.59) 106,485.74 186,887,445.55 364,117.17 0.4175 0.4415Subtotal for TREASURY BOND: 186,890,703.14

Subtotal for TREASURIES: (3,257.59) 106,485.74 0.4175 0.4415 186,887,445.55 187,251,562.72 364,117.17 187,000,000.00 186,890,703.14

(3,721,703.23) 5,479,297.70 Total Extended Fund : 0.9785 0.7530 2,998,602,130.50 3,006,337,072.08 7,734,941.58 2,989,252,317.00 3,002,323,833.73


0.45630.7760 8,621,661.63 (6,699,794.75)Total Investments: 6,120,641,697.82 6,128,475,318.37 7,833,620.55 6,108,406,892.67 6,127,330,172.72

Deals [Settlement Date] <= 31-May-2012

Deals [Entity Name] include list County Money Mkt Fnd, Educational Money Mkt Fnd, Extended Fund, OC Extended Fund B

* Market values provided by Bloomberg and Northern Trust

Report Parameters

45


User: uphan



01-Jun-2012As of 31-May-2012

As at date:


John Wayne Airport Investment Pool/Non-Pooled Investments

CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P


112-County Infrastructure

FUNDS

0.00 0.00


5,030,954.12 5,030,954.12 0.00 5,030,954.12 0.02216/1/12 5,030,954.12 AAAmmfAAAm AAA-mf


0.00 0.00 Total 112-County Infrastructure : 0.0221 5,030,954.12 5,030,954.12 0.00 5,030,954.12 5,030,954.12


15B-Housing 99A & 99B

GOVERNMENT AGENCY

MBS PASSTHROUGH

0.00 224.47 4/20/12383458 6.250036210RYF1

GINNIE MAE /

117,540.31 132,647.77 15,107.46 117,540.31 6.25009/20/29 117,540.31 AAAAA+ Aaa

117,540.31 132,647.77 0.00 224.47 117,540.31 15,107.46 6.2500 6.2500Subtotal for MBS PASSTHROUGH: 117,540.31

Subtotal for GOVERNMENT AGENCY: 0.00 224.47 6.2500 6.2500 117,540.31 132,647.77 15,107.46 117,540.31 117,540.31

0.00 224.47 Total 15B-Housing 99A & 99B : 6.2500 6.2500 117,540.31 132,647.77 15,107.46 117,540.31 117,540.31


283-John Wayne Airport

FUNDS

0.00 0.00


711.28 711.28 0.00 711.28 0.02206/1/12 711.28 AAAmmfAAAm AAA-mf

0.00 0.00

GOLDMAN SACHS - JWA MMF

15,524.10 15,524.10 0.00 15,524.10 0.05006/1/12 15,524.10 AAAm AAA-mf

0.00 0.00

MORGAN STANLEY GOVT 8302-JWA MMF

221,262.18 221,262.18 0.00 221,262.18 0.05006/1/12 221,262.18 AAAm Aaa

Subtotal for FUNDS: 0.00 0.00 0.0499 237,497.56 237,497.56 0.00 237,497.56 237,497.56


YANKEE CD

0.00 88.89 5/24/12592682 0.200089112XYC3


2,000,000.00 2,000,150.00 150.00 2,000,000.00 0.20008/28/12 2,000,000.00 F1+A-1+ P-1

2,000,000.00 2,000,150.00 0.00 88.89 2,000,000.00 150.00 0.2000 0.2000Subtotal for YANKEE CD: 2,000,000.00

YANKEE CD FLOATER

(135.87) 865.13 10/31/11554216 0.479178009J6M2


1,250,024.13 1,249,725.38 (298.75) 1,250,000.00 0.46077/9/12 1,250,160.00 N.A.AA- Aa146


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P




1,250,000.00 1,249,725.38 (135.87) 865.13 1,250,024.13 (298.75)0.4791 0.4607Subtotal for YANKEE CD FLOATER: 1,250,160.00

Subtotal for CERTIFICATES OF DEPOSIT: (135.87) 954.02 0.3074 0.3003 3,250,024.13 3,249,875.38 (148.75) 3,250,000.00 3,250,160.00


COMMERCIAL PAPER

0.00 11.11 5/24/12592678 93114EFB8

WAL-MART STORES INC / MORGAN STANLEY

499,986.11 499,980.50 (5.61) 500,000.00 0.10006/11/12 499,975.00 F1+A-1+ P-1

0.00 124.44 4/30/12587539 6411M2G24

NETJETS INC. / GOLDMAN SACHS GROUP INC

999,879.44 999,854.00 (25.44) 1,000,000.00 0.14007/2/12 999,755.00 F1+A-1+ P-1

0.00 2.08 5/31/12593529 64105GG99

NESTLE CAPITAL CORP / BANK OF AMERICA

749,920.83 749,857.50 (63.33) 750,000.00 0.10007/9/12 749,918.75 F1+A-1+ P-1

2,250,000.00 2,249,692.00 0.00 137.63 2,249,786.38 (94.38)0.0000 0.1178Subtotal for COMMERCIAL PAPER: 2,249,648.75

Subtotal for COMMERCIAL PAPER

HOLDINGS:

0.00 137.63 0.1178 2,249,786.38 2,249,692.00 (94.38) 2,250,000.00 2,249,648.75

GOVERNMENT AGENCY

DISCOUNT NOTES

0.00 35.56 5/24/12592679 313384XP9

FHLB DISC CORP / GOLDMAN SACHS GROUP INC

2,000,000.00 2,000,000.00 0.00 2,000,000.00 0.08006/1/12 1,999,964.44 AAAAA+ Aaa

0.00 268.88 3/5/12577063 313396XZ1

FREDDIE DISCOUNT / CITIGROUP GLOBAL MARKETS

1,099,969.44 1,099,970.30 0.86 1,100,000.00 0.10006/11/12 1,099,700.56 AAAAA+ Aaa

0.00 10.55 5/24/12592688 313384YJ2

FHLB DISC CORP / JEFFERIES & COMPANY

499,974.93 499,974.00 (0.93) 500,000.00 0.09506/20/12 499,964.38 AAAAA+ Aaa

3,600,000.00 3,599,944.30 0.00 314.99 3,599,944.37 (0.07)0.0000 0.0882Subtotal for DISCOUNT NOTES: 3,599,629.38


(22,164.28) 22,694.44 12/29/11564988 5.37503133XLEA7


1,001,020.72 1,000,577.00 (443.72) 1,000,000.00 0.12016/8/12 1,023,185.00 N.AAA+ Aaa

(10,143.42) 10,486.32 4/3/12582608 5.12503134A4QD9


1,277,695.00 1,277,759.70 64.70 1,270,000.00 0.16197/15/12 1,287,838.42 AAAAA+ Aaa

(1,027.75) 2,328.34 1/24/12569414 0.3300313374G38


2,000,372.25 2,000,358.00 (14.25) 2,000,000.00 0.18217/17/12 2,001,400.00 N.AAA+ Aaa

68.29 559.45 2/15/12573788 0.1900313378BD2

FED HM LN BK BD / GOLDMAN SACHS

999,838.29 999,561.00 (277.29) 1,000,000.00 0.21322/12/13 999,770.00 AAAAA+ Aaa

1.38 134.44 5/9/12589783 0.220031331K2H2


999,981.38 1,000,223.00 241.62 1,000,000.00 0.22233/27/13 999,980.00 AAAAA+ Aaa

FED HM LN BK BD / CITIGROUP GLOBAL MARKETS

47


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P



GOVERNMENT AGENCY


42.71 86.11 4/3/12582609 0.2000313376XG5 499,757.71 499,602.00 (155.71) 500,000.00 0.25314/30/13 499,715.00 N.AAA+ Aaa

6,770,000.00 6,778,080.70 (33,223.07) 36,289.10 6,778,665.35 (584.65)1.9282 0.1849Subtotal for GOVT AGENCY-FIX-30/360: 6,811,888.42


(710.86) 740.00 12/13/11561939 0.370031331JSX2


1,000,083.14 1,000,090.00 6.86 1,000,000.00 0.20796/21/12 1,000,794.00 AAAAA+ Aaa

(50.84) 716.66 12/12/11561661 0.2150313374KR0

FED HM LN BK BD / BANK OF AMERICA

2,000,009.16 2,000,240.00 230.84 2,000,000.00 0.12607/2/12 2,000,060.00 AAAAA+ Aaa

(69.40) 110.07 11/17/11557497 0.260031331JZ22

FED FARM CR BK / JP MORGAN CHASE & CO

635,023.95 635,120.65 96.70 635,000.00 0.16108/8/12 635,093.35 AAAAA+ Aaa

(65.72) 55.03 11/28/11558901 0.260031331JU27

FED FARM CR BK / JP MORGAN CHASE & CO

635,028.26 635,133.35 105.09 635,000.00 0.16358/20/12 635,093.98 AAAAA+ Aaa

(424.55) 209.81 4/4/12582830 0.269831398A5A6


2,001,017.45 2,000,880.00 (137.45) 2,000,000.00 0.136010/18/12 2,001,442.00 AAAAA+ Aaa

198.56 1,075.55 12/5/11560268 0.220031331KZ60

FED FARM CR BK / BNP PARIBAS

1,999,792.56 2,000,600.00 807.44 2,000,000.00 0.160312/5/12 1,999,594.00 N.AAA+ Aaa

(67.98) 408.23 3/20/12580026 0.240031331JCG6


1,655,221.65 1,655,324.38 102.73 1,655,000.00 0.20941/25/13 1,655,289.63 AAAAA+ Aaa

(9.86) 91.55 5/17/12591080 0.19983134G2BL5


1,500,192.64 1,500,255.00 62.36 1,500,000.00 0.18383/21/13 1,500,202.50 AAAAA+ Aaa

11,425,000.00 11,427,643.38 (1,200.65) 3,406.90 11,426,368.81 1,274.57 0.2456 0.1646Subtotal for GOVT AGENCY-FLOAT-

ACT/360:

11,427,569.46


26.25 81.20 3/28/12581525 0.16603133EAJB5


1,499,930.55 1,500,495.00 564.45 1,500,000.00 0.175111/20/12 1,499,904.30 AAAN.A. Aaa

(123.72) 752.04 4/17/12585244 0.24603135G0BE2


2,500,786.28 2,493,750.00 (7,036.28) 2,500,000.00 0.20623/14/13 2,500,910.00 AAAAA+ Aaa

4,000,000.00 3,994,245.00 (97.47) 833.24 4,000,716.83 (6,471.83)0.2160 0.1946Subtotal for GOVT AGENCY-FLOAT-

ACT/ACT:

4,000,814.30


(42.29) 52.08 5/30/12593250 0.75003135G0GG2


2,500,211.46 2,500,080.00 (131.46) 2,500,000.00 0.14056/6/12 2,500,253.75 AAAAA+ Aaa

(65.97) 166.67 4/10/12583744 0.40003133765Y7


500,194.03 500,308.00 113.97 500,000.00 0.35075/1/13 500,260.00 AAAAA+ Aaa48


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P



GOVERNMENT AGENCY


0.00 75.00 5/21/12591844 0.2700313379GC7


1,000,000.00 999,510.00 (490.00) 1,000,000.00 0.27006/21/13 1,000,000.00 N.AAA+ Aaa

0.00 33.33 5/23/12592163 0.3000313379HA0


500,000.00 499,884.50 (115.50) 500,000.00 0.30006/21/13 500,000.00 N.AAA+ Aaa

4,500,000.00 4,499,782.50 (108.26) 327.08 4,500,405.49 (622.99)0.5544 0.2104Subtotal for GOV'T AGY - CALLABLE: 4,500,513.75


MEDIUM TERM NOTES


(3,290.45) 1,670.18 12/21/11563544 0.823661757UAJ9

MORGAN STANLEY / BARCLAY CAPITAL

1,000,383.55 1,000,490.00 106.45 1,000,000.00 0.08896/20/12 1,003,674.00 AAAAA+ Aaa

1,000,000.00 1,000,490.00 (3,290.45) 1,670.18 1,000,383.55 106.45 0.8236 0.0889Subtotal for MED TERM NOTE FLOAT

FDIC:

1,003,674.00

MEDIUM TERM NOTE

(5,616.33) 6,121.53 4/18/12585295 5.1250084664AY7


1,013,583.67 1,015,900.00 2,316.33 1,000,000.00 0.40489/15/12 1,019,200.00 A+AA+ Aa2



(3,594.60) 3,850.00 3/28/12581523 2.200036967HAH0


1,000,399.40 1,000,430.00 30.60 1,000,000.00 0.14046/8/12 1,003,994.00 N.AAA+ Aaa

(15,099.59) 15,545.56 12/22/11563788 3.250038146FAA9

GOLDMAN SACHS GROUP INC / BARCLAYS CAPITAL

1,084,329.52 1,084,310.43 (19.09) 1,083,000.00 0.09026/15/12 1,099,429.11 AAAAA+ Aaa

(12,443.02) 12,925.00 1/10/12566945 2.2000481247AK0


1,501,235.48 1,501,290.00 54.52 1,500,000.00 0.08016/15/12 1,513,678.50 AAAAA+ Aaa

(5,423.25) 5,784.72 2/23/12574909 2.1250949744AC0

WELLS FARGO BANK / CASTLE OAK SECURITIES

1,000,774.75 1,000,780.00 5.25 1,000,000.00 0.13036/15/12 1,006,198.00 AAAAA+ Aaa

(4,977.69) 5,312.50 3/1/12576289 2.1250949744AC0


1,000,774.31 1,000,780.00 5.69 1,000,000.00 0.13016/15/12 1,005,752.00 AAAAA+ Aaa

(307.73) 339.62 4/4/12582831 1.950061757UAH3

MORGAN STANLEY / UBS FINANCIAL SERVICES

110,102.57 110,113.30 10.73 110,000.00 0.17916/20/12 110,410.30 AAAAA+ Aaa

(10,595.39) 11,705.56 12/9/11561395 2.450036967HAZ0

GENERAL ELEC CAP CORP / GOLDMAN SACHS GROUP INC

1,011,334.61 1,011,304.00 (30.61) 1,000,000.00 0.228612/5/12 1,021,930.00 N.AAA+ Aa2

JP MORGAN CHASE & CO / WELLS FARGO BANK 49


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P



MEDIUM TERM NOTES


(3,766.72) 3,851.86 12/14/11562191 2.1250481247AM6 425,623.81 425,534.17 (89.64) 421,000.00 0.193412/26/12 429,390.53 AAAAA+ Aaa

7,114,000.00 7,134,541.90 (56,207.99) 59,314.82 7,134,574.45 (32.55)2.3656 0.1333Subtotal for MEDIUM TERM NOTE-FDIC: 7,190,782.44

Subtotal for MEDIUM TERM NOTES: (65,114.77) 67,106.53 2.4992 0.1582 9,148,541.67 9,150,931.90 2,390.23 9,114,000.00 9,213,656.44

MUNICIPAL DEBT


0.00 4,156.25 1/18/12569227 0.750068428LCQ5


1,500,000.00 1,500,210.00 210.00 1,500,000.00 0.75008/1/12 1,500,000.00 A+ Aa2

1,500,000.00 1,500,210.00 0.00 4,156.25 1,500,000.00 210.00 0.7500 0.7500Subtotal for ORANGE COUNTY POB

2012A:

1,500,000.00

Subtotal for MUNICIPAL DEBT: 0.00 4,156.25 0.7500 0.7500 1,500,000.00 1,500,210.00 210.00 1,500,000.00 1,500,000.00

TREASURIES

TREASURY BILL

0.00 100.00 5/17/12591081 9127955S6


2,999,813.33 2,999,997.30 183.97 3,000,000.00 0.08006/14/12 2,999,813.33 AAAAA+ Aaa

3,000,000.00 2,999,997.30 0.00 100.00 2,999,813.33 183.97 0.0000 0.0800Subtotal for TREASURY BILL: 2,999,813.33

Subtotal for TREASURIES: 0.00 100.00 0.0800 2,999,813.33 2,999,997.30 183.97 3,000,000.00 2,999,813.33

(99,880.09) 113,625.74 Total 283-John Wayne Airport : 0.8887 0.1860 49,691,763.92 49,687,900.02 (3,863.90) 49,646,497.56 49,791,191.39


497-Lomas Laguna 88-2 C

FUNDS

0.00 0.00




0.00 0.00 Total 497-Lomas Laguna 88-2 C : 0.0220 392,490.88 392,490.88 0.00 392,490.88 392,490.88


505-Foothill Rnch 87-4 DS

REPURCHASE AGREEMENTS

BAYERISCHE LANDESBK-REPO

BAYERISCHE LANDESBK GIRO / 50


User: uphan



01-Jun-2012As of 31-May-2012

As at date:



CouponPurchase

Yield

Maturity

Date

Settle

Date CUSIPMarket

Value *

Unrealized

Gain/(Loss)

Capital

AccrualCapital

Interest

Accrual Book Value

Face

Value

Issuer / Broker

Deal

No.FitchMoodysS&P


505-Foothill Rnch 87-4 DS

REPURCHASE AGREEMENTS

BAYERISCHE LANDESBK-REPO

0.00 19,743.38 7/24/9726091 6.2000 1,081,500.00 1,081,500.00 0.00 1,081,500.00 0.00008/15/19 1,081,500.00

1,081,500.00 1,081,500.00 0.00 19,743.38 1,081,500.00 0.00 6.2000 0.0000Subtotal for BAYERISCHE LANDESBK-

REPO:

1,081,500.00

Subtotal for REPURCHASE AGREEMENTS: 0.00 19,743.38 6.2000 0.0000 1,081,500.00 1,081,500.00 0.00 1,081,500.00 1,081,500.00

0.00 19,743.38 Total 505-Foothill Rnch 87-4 DS : 6.2000 0.0000 1,081,500.00 1,081,500.00 0.00 1,081,500.00 1,081,500.00


510-Baker Rnch 87-6 Const

FUNDS

0.00 0.00




0.00 0.00 Total 510-Baker Rnch 87-6 Const : 0.0220 525,766.52 525,766.52 0.00 525,766.52 525,766.52


514-Sta Teresita 87-9 Con

FUNDS

0.00 0.00




0.00 0.00 Total 514-Sta Teresita 87-9 Con : 0.0220 63,044.93 63,044.93 0.00 63,044.93 63,044.93


0.17770.9068 133,593.59 (99,880.09)Total Investments: 56,903,060.68 56,914,304.23 11,243.55 56,857,794.32 57,002,488.15

Deals [Settlement Date] <= 31-May-2012

Deals [Entity Name] include list 100-County General, 112-County Infrastructure, 118-Sheriff RNSP, 145-Revenue Neutrality Fd

, 15B-Housing 99A & 99B, 225-Children & Families, 283-John Wayne Airport, 479-Ladera CF...

* Market values provided by Bloomberg and Northern Trust

Report Parameters

51

PURCHASE MATURITY INTEREST ACCRUEDTRUSTEE INVESTMENT TYPE DATE DATE DESCRIPTION CUSIP # RATE BOOK VALUE MARKET VALUE INTEREST

CERTIFICATES OF PARTICIPATION

1991 CIVIC CENTER PARKING U.S. BANK MONEY MARKET FEDERATED US TREASURY CASH VARIABLE 101,206.54$ 101,206.54$ 0.15$ 1991 CIVIC CENTER PARKING U.S. BANK US TR STRPD BOND 11/15/96 11/15/18 U.S. TREASURY STRIPPED 912803AP8 0.00% 10,458.00 66,104.50 - 1991 CIVIC CENTER PARKING U.S. BANK US TR STRPD BOND 06/01/95 11/15/18 U.S. TREASURY STRIPPED 912833KT6 0.00% 43,923.12 276,639.30 - 1991 CIVIC CENTER PARKING U.S. BANK US TREASURY BOND 06/01/95 11/15/18 US TREASURY BOND 912810EB0 9.00% 2,558,237.10 3,403,726.56 8,433.75

REDEVELOPMENT AGENCIES

2001 NDAPP SERIES A U.S. BANK MONEY MARKET FIRST AMERICAN TREAS OBLIGATION VARIABLE - - -

2003 SANTA ANA HEIGHTS U.S. BANK MONEY MARKET FIRST AMERICAN PRIME OBLIGATION VARIABLE 2,995,602.50 2,995,602.50 -

COMMUNITY FACILITIES DISTRICTS

1994 SOCPFA SERIES A U.S. BANK MONEY MARKET FIRST AMERICAN PRIME OBLIGATION VARIABLE 1,702,798.75 1,702,798.75 -

1994C/2004A SOCPFA U.S. BANK MONEY MARKET FIRST AMERICAN PRIME OBLIGATION VARIABLE 16,450,559.34 16,450,559.34 -

1998 SOCPFA SERIES A U.S. BANK MONEY MARKET FIRST AMERICAN GOVT OBLIGATION VARIABLE 2,539,303.03 2,539,303.03 34.55

1999 SOCPFA SERIES A U.S. BANK MONEY MARKET FIRST AMERICAN GOVT OBLIGATION VARIABLE 4,097,863.41 4,097,863.41 55.78

1999 SOCPFA SERIES B U.S. BANK MONEY MARKET FIRST AMERICAN GOVT OBLIGATION VARIABLE 247,267.86 247,267.86 3.36

2003 SOCPFA SERIES A U.S. BANK MONEY MARKET FIRST AMERICAN PRIME OBLIGATION VARIABLE 3,489,150.00 3,489,150.00 -

2005 SOCPFA SERIES A U S BANK MONEY MARKET FIRST AMERICAN GOVT OBLIGATION VARIABLE 0 01 0 01

COUNTY OF ORANGECEO / PUBLIC FINANCE DEPARTMENT

INVENTORY OF INVESTMENTS WITH TRUSTEESMay 31, 2012

2005 SOCPFA SERIES A U.S. BANK MONEY MARKET FIRST AMERICAN GOVT OBLIGATION VARIABLE 0.01 0.01 -

ASSESSMENT DISTRICTS

IRVINE COAST U.S. BANK MONEY MARKET FIRST AMERICAN GOVT OBLIGATION VARIABLE 2,473,145.62 2,473,145.62 36.41 IRVINE COAST U.S. BANK MONEY MARKET INVESCO STIT TREASURY PORTFOLIO VARIABLE 620,529.79 620,529.79 10.54 IRVINE COAST U.S. BANK COMMERCIAL PAPER 05/04/12 01/29/13 US BANK NA COMMERCIAL PAPER 0.33% 1,716,500.00 1,716,500.00 441.66

NEWPORT COAST - 2003B U.S. BANK MONEY MARKET FIRST AMERICAN GOVT OBLIGATION VARIABLE 476,919.06 476,919.06 6.49 NEWPORT COAST - Group 1 U.S. BANK MONEY MARKET FIRST AMERICAN GOVT OBLIGATION VARIABLE 1,244,950.51 1,244,950.51 16.94 NEWPORT COAST - Group 2 U.S. BANK MONEY MARKET FIRST AMERICAN GOVT OBLIGATION VARIABLE 794,302.30 794,302.30 10.81 NEWPORT COAST - Group 3 U.S. BANK MONEY MARKET FIRST AMERICAN GOVT OBLIGATION VARIABLE 972,046.85 972,046.85 13.23 NEWPORT COAST - Group 4 U.S. BANK MONEY MARKET FIRST AMERICAN TREAS OBLIGATION VARIABLE 451,121.43 451,121.43 -

1999 REASSESSMENT BONDS (RAD 99-1R) U.S. BANK MONEY MARKET FIRST AMERICAN PRIME OBLIGATION VARIABLE 129,856.49 129,856.49 - 1999 REASSESSMENT BONDS (RAD 99-1R) U.S. BANK MONEY MARKET FIRST AMERICAN GOVT OBLIGATION VARIABLE 529,357.15 529,357.15 0.05

2001 REASSESSMENT BONDS (RAD 01-1R) U.S. BANK MONEY MARKET FIRST AMERICAN PRIME OBLIGATION VARIABLE 21,231.72 21,231.72 - 2001 REASSESSMENT BONDS (RAD 01-1R) U.S. BANK MONEY MARKET FIRST AMERICAN GOVT OBLIGATION VARIABLE 270,710.78 270,710.78 -

REVENUE BONDS

2002 JUVENILE JUSTICE CENTER U.S. BANK MONEY MARKET US BANK MONEY MARKET ACCOUNT VARIABLE 46,404,793.15 46,404,793.15 1,572.18

2012 JUVENILE JUSTICE CENTER U.S. BANK MONEY MARKET US BANK MONEY MARKET ACCOUNT VARIABLE 9,659.29 9,659.29 53.29 2012 JUVENILE JUSTICE CENTER U.S. BANK COMMERCIAL PAPER 05/14/12 02/08/13 US BANK NA DISCOUNT CP 0.00% 3,728,187.75 3,715,758.90 552.70

1997 SOLID WASTE MANAGEMENT U.S. BANK MONEY MARKET FIRST AMERICAN GOV'T OBLIGATION VARIABLE 11,101,533.49 11,101,533.49 52.12

2005 LEASE REVENUE REFUNDING BONDS BNY MELLON MONEY MARKET WELLS FARGO ADV TREASURY VARIABLE 23,724,665.14 23,724,665.14 172.77 2005 LEASE REVENUE REFUNDING BONDS BNY MELLON INVEST AGRMNT 11/22/05 01/17/17 NATIXIS FUNDING CORP. 5.005% 15,145,099.23 15,145,099.23 317,944.01

2006 LEASE REVENUE BONDS (COGEN) DEUTSCHE BANK MUTUAL FUND GS FIN SQ MM FUND ADMIN VARIABLE 2,935,358.40 2,935,358.40 15.19 2006 LEASE REVENUE BONDS (COGEN) DEUTSCHE BANK CASH US DOLLAR CURRENCY VARIABLE 2,414,943.94 2,414,943.94

Note: Investment balances with trustee provided by County Executive Office - Public Finance Accounting

Page 1 of 26/14/2012

23 VII.c Investment Trustee-CEO

52

PURCHASE MATURITY INTEREST ACCRUEDTRUSTEE INVESTMENT TYPE DATE DATE DESCRIPTION CUSIP # RATE BOOK VALUE MARKET VALUE INTEREST


INVENTORY OF INVESTMENTS WITH TRUSTEESMay 31, 2012

PENSION OBLIGATION BONDS (POBs)

1996A TAXABLE REFUNDING POBs BNY MELLON MONEY MARKET FEDERATED AUTO GOVT CSH VARIABLE 2,280.02 2,280.02 - 1996A TAXABLE REFUNDING POBs BNY MELLON GOVT SECURITY 06/22/00 09/01/16 FED NATL MTG ASSN DISC NTS 31364KQG8 0.00% 55,272,549.30 93,505,686.84 9,005,868.63

1997A TAXABLE REFUNDING POBs BNY MELLON MONEY MARKET FEDERATED AUTO GOVT CSH VARIABLE 2,324.81 2,324.81 - 1997A TAXABLE REFUNDING POBs BNY MELLON GOVT SECURITY 06/22/00 09/01/21 FED NATL MTG ASSN DISC NTS 31364KQH6 0.00% 51,455,110.59 92,839,345.01 4,647,349.62

2012 PREPAID POBs BNY MELLON MUTUAL FUND GS FIN SQ MM FUND ADMIN VARIABLE 7,497.56 7,497.56

RECOVERY BONDS

2005A REFUNDING RECOVERY BONDS BNY MELLON MONEY MARKET WELLS FARGO ADVANTAGE TREASURY VARIABLE 11,054.87 11,054.87 0.84 2005A REFUNDING RECOVERY BONDS BNY MELLON INVEST AGRMNT 10/25/05 06/01/15 NATIXIS FUNDING CORP. VARIABLE 16,799,000.39 16,799,000.39 77.45

COMMERICAL PAPER

TEETER PLAN COMMERCIAL PAPER U.S. BANK MONEY MARKET US BANK MMKT 4 - CT VARIABLE 1,583.86 1,583.86 0.05 TEETER PLAN COMMERCIAL PAPER U.S. BANK MONEY MARKET FIRST AMERICAN GOVT OBLIGATION VARIABLE 40,381.88 40,381.88 0.58

TAX AND REVENUE ANTICIPATION NOTES (TRANs)

11-12 COUNTY OF ORANGE TRANs DEUTSCHE BANK CASH US DOLLAR CURRENCY VARIABLE 62,841,900.34 62,841,900.34 -

TOTAL OF INVESTMENTS WITH TRUSTEES 335,834,965.37$ 416,573,760.62$ 13,982,723.15$

Note: Investment balances with trustee provided by County Executive Office - Public Finance Accounting

Page 2 of 26/14/2012

23 VII.c Investment Trustee-CEO

53


INVENTORY OF INVESTMENTS WITH TRUSTEESSUMMARY BY INVESTMENT TYPE

May 31, 2012

PURCHASE MATURITY INTEREST ACCRUED DESCRIPTION DATE DATE CUSIP # RATE BOOK VALUE MARKET VALUE INTEREST

CASH 65,256,844$ 65,256,844$ -$ US DOLLAR CURRENCY 65,256,844 65,256,844 - SUB-TOTAL CASH

MONEY MARKET FUNDS INVESCO STIT TREAS PORTFOLIO VARIABLE 620,530 620,530 11 FEDERATED AUTOMATED GOV CSH VARIABLE 4,605 4,605 - FEDERATED US TREASURY CASH VARIABLE 101,207 101,207 0 FIRST AMERICAN GOV'T OBLIGATION VARIABLE 24,787,782 24,787,782 230 FIRST AMERICAN PRIME OBLIGATION VARIABLE 24,789,199 24,789,199 - FIRST AMERICAN TREAS OBLIGATION VARIABLE 451,121 451,121 - GS FIN SQ MM FUND ADMIN VARIABLE 2,942,856 2,942,856 15 US BANK MMKT 4 -CT VARIABLE 1,584 1,584 0 US BANK MONEY MARKET ACCOUNT VARIABLE 46,414,452 46,414,452 1,625 WELLS FARGO ADVANTAGE TREASURY VARIABLE 23,735,720 23,735,720 174 SUB-TOTAL MONEY MARKET FUNDS 123,849,056 123,849,056 2,055

COMMERCIAL PAPER US BANK NA DISCOUNT CP 05/04/12 01/29/13 1,716,500 1,716,500 442 US BANK NA DISCOUNT CP 05/14/12 02/08/13 3,728,188 3,715,759 553

5,444,688 5,432,259 994

INVESTMENT AGREEMENTS NATIXIS FUNDING CORP. 10/25/05 06/01/15 VARIABLE 16,799,000 16,799,000 77 NATIXIS FUNDING CORP. 11/22/05 01/17/17 5.005% 15,145,099 15,145,099 317,944 SUB-TOTAL INVESTMENT AGREEMENTS 31,944,100 31,944,100 318,021

US TREASURIES U.S. TREASURY BOND 06/01/95 11/15/18 912810EB0 9.00% 2,558,237 3,403,727 8,434 U.S. TREASURY STRIPPED 11/15/96 11/15/18 912803AP8 0.00% 10,458 66,105 - U.S. TREASURY STRIPPED 06/01/95 11/15/18 912833KT6 0.00% 43,923 276,639 - SUB-TOTAL US TREASURIES 2,612,618 3,746,470 8,434

GOVERNMENT SECURITIES FED NATL MTG ASSN DISC NTS 06/22/00 09/01/16 31364KQG8 55,272,549 93,505,687 9,005,869 FED NATL MTG ASSN DISC NTS 06/22/00 09/01/21 31364KQH6 51,455,111 92,839,345 4,647,350 SUB-TOTAL US GOVERNMENT SECURITIES 106,727,660 186,345,032 13,653,218

TOTAL OF INVESTMENTS WITH TRUSTEES 335,834,965$ 416,573,761$ 13,982,723$

Note: Investment balances with trustee provided by County Executive Office - Public Finance Accounting6/14/2012

23 VII.c Investment Trustee-CEO54

JOHN WAYNE AIRPORT Prepared by: Adam StecklerINVESTMENT WITH TRUSTEE Date: 6/11/2012FOR THE MONTH ENDED MAY 2012

Trust Officer: Linda VerstuyftPhone No. (213) 533-8747

Type of Investment / Interest Rate Maturity Market Cost Market Cost Market Cost Market Cost

2003 AIRPORT REVENUE REFUNDING BONDSIncome Cash N/A 0.00 0.00 0.00 0.00 0.00 0.00

1st American Treas. Oblig (Note 1) N/A 0.00 0.00 0.00 0.00 0.00 0.00

Investment Agreement - Rate: 4.47% 4,629,952.80 4,629,952.80Dated: 10/8/2003 7/1/2013

Par Value: $4,629,952.80Accrued Int: $86,807.76

Investment Agreement - Rate: 4.27% 3,325,000.00 3,325,000.00 666,087.50 666,087.50Dated: 10/8/2003 7/1/2013

Par Value: $3,991,087.50Accrued Int: $64,813.59

$4,629,952.80 $4,629,952.80 $3,325,000.00 $3,325,000.00 $666,087.50 $666,087.50

2009A AIRPORT REVENUE BONDSPrincipal Cash N/A 0.00 0.00 0.00 0.00

US Bk Mmkt 4 - Ct (Note 2) 0.00 0.00 1,292,622.64 1,292,622.64 1,366,311.72 1,366,311.72 0.00 0.00991071010

First American Gov't Obligation Fund - Y (Note 3) 35,287.98 35,287.9831846V203

U.S. Treasury Note - Rate: 0.375% - Yield: 0.145% 4,336,418.64 4,342,249.90Dated: 10/20/2011 10/31/2012

Par Value: $4,332,000.00Premium: $10,249.90

Accrued Int: $1,383.53

CUSIP: 912828PD6$4,371,706.62 $4,377,537.88 $1,292,622.64 $1,292,622.64 $1,366,311.72 $1,366,311.72 $0.00 $0.00

2009B AIRPORT REVENUE BONDSUS Bk Mmkt 4 - Ct (Note 2) 0.00 0.00 4,139,142.72 4,139,142.72 3,254,536.39 3,254,536.39 0.00 0.00991071010

First American Gov't Obligation Fund - Y (Note 3) 97,650.64 97,650.6431846V203

U.S. Treasury Notes - Rate: 0.75% - Yield: 0.285% 9,398,147.15 9,399,768.62Dated: 4/14/2011 5/31/2012

Par Value: $9,384,000.00Premium: $49,150.95

Accrued Int: $0.00CUSIP: 912828NE6 $9,495,797.79 $9,497,419.26 $4,139,142.72 $4,139,142.72 $3,254,536.39 $3,254,536.39 $0.00 $0.00

WELLS FARGO BANKCash - Market Rate and Checking Account N/A $7,283,510.47 $7,283,510.47(Interest rate is variable)

(Note 1): 1st American Treas. Oblig - Interest rate is variable. Investment purchases are made throughout the month to keep cash balances at minimum. Interest is payable monthly.(Note 2): US Bank money market deposit account - Interest rate is variable.(Note 3): 1st American Government Obligation Fund - Y - Interest rate is variable.

Reserve Fund Principal Acct. Interest Acct. Cost of Issuance Acct.

55

Orange County Treasurer-Tax CollectorPortfolio Holdings of Debt Issued by Pool Participants

For the Month Ended May 31, 2012

Purchase Date Maturity Yield

S&P Rating Purchase Amount Account Held In

Current Outstanding Market Value***

COUNTY OF ORANGETaxable Pension Obligation Bonds, 2011 Series A 3/15/2011 6/27/2012 1.82% A-1+ 63,500,000$ County Money Market Fund 4,956,655$ 4,956,655$ Taxable Pension Obligation Bonds, 2011 Series A 3/15/2011 6/27/2012 1.82% A-1+ 63,500,000 Educational Money Market Fund 4,956,655 4,956,655 Taxable Pension Obligation Bonds, 2011 Series A 3/15/2011 6/27/2012 1.82% A-1+ 148,919,820 Extended Fund ** 11,624,317 11,624,317

275,919,820$ 21,537,627$ 21,537,627$ COUNTY OF ORANGETaxable Pension Obligation Bonds, 2012 Series A 1/18/2012 8/1/2012 0.75% A+ 1,500,000 John Wayne Airport 1,500,000 1,500,180 Taxable Pension Obligation Bonds, 2012 Series A 1/18/2012 2/1/2013 0.85% A+ 12,500,000 County Money Market Fund 12,500,000 12,513,000 Taxable Pension Obligation Bonds, 2012 Series A 1/18/2012 2/1/2013 0.85% A+ 12,500,000 Educational Money Market Fund 12,500,000 12,513,000 Taxable Pension Obligation Bonds, 2012 Series A 1/18/2012 5/1/2013 0.90% A+ 18,000,000 Extended Fund ** 18,000,000 18,031,680 Taxable Pension Obligation Bonds, 2012 Series A 1/18/2012 6/28/2013 0.95% A+ 17,000,000 Extended Fund ** 17,000,000 17,041,650

61,500,000$ 61,500,000$ 61,599,510$ ORANGE COUNTY TRANSPORTATION AUTHORITYORANGE CNTY TRANSPRTN AUTH TOLL ROAD REVENUE 12/19/2010 8/15/2013 1.55% A 75,000,000 Extended Fund ** 75,000,000 75,691,500 ORANGE CNTY TRANSPRTN AUTH TOLL ROAD REVENUE 12/19/2010 8/15/2013 1.55% A 25,000,000 Extended Fund ** 25,000,000 25,196,750

100,000,000$ 100,000,000$ 100,888,250$

183,037,627$ 184,025,387$

** Percentage breakdown of Extended Fund ownership: Orange County Investment Pool - 55.03% Orange County Educational Investment Pool - 44.97%***Market values provided by Bloomberg and Northern Trust

56

Orange County Treasurer-Tax CollectorTemporary and Bridge Transfers to School Districts**

For the Month Ended May 31, 2012

Bridge Transfer-from OCIP Transfer Date Maturity Int Rate* Original Amount Principal Paydown Principal OutstandingAnaheim City School 4/30/2012 10/31/2012 0.52% 2,778,905$ County Money Market Fund 405,720$ 2,373,185$ Buena Park 4/30/2012 10/31/2012 0.52% 436,838$ County Money Market Fund 63,779 373,059 Capistrano Unified 4/30/2012 10/31/2012 0.52% 12,660,000$ County Money Market Fund 1,848,360 10,811,640 Fullerton Joint Union High 4/30/2012 10/31/2012 0.52% 2,100,000$ County Money Market Fund 306,600 1,793,400 La Habra City 4/30/2012 10/31/2012 0.52% 564,444$ County Money Market Fund 82,408 482,036 Ocean View 4/30/2012 10/31/2012 0.52% 1,429,721$ County Money Market Fund 208,740 1,220,981 Placentia - Yorba Linda Unified 4/30/2012 10/31/2012 0.52% 3,913,060$ County Money Market Fund 571,307 3,341,753 Santa Ana Unified 4/30/2012 10/31/2012 0.52% 4,023,422$ County Money Market Fund 587,420 3,436,002

Total 4,074,334$ 23,832,056$

Temporary Transfer-from OCEIP Transfer Date Maturity Int Rate* Original Amount Principal Paydown Principal OutstandingAnaheim Union High 4/30/2012 10/31/2012 0.52% 55,000,000$ Educational Money Market Fund - 55,000,000$ Brea Olinda Unified 4/30/2012 10/31/2012 0.52% 3,000,000$ Educational Money Market Fund - 3,000,000 Fullerton Joint Union High 4/30/2012 10/31/2012 0.52% 15,000,000$ Educational Money Market Fund - 15,000,000 La Habra City 4/30/2012 10/31/2012 0.52% 4,000,000$ Educational Money Market Fund - 4,000,000 Santa Ana Unified 4/30/2012 10/31/2012 0.52% 70,000,000$ Educational Money Market Fund - 70,000,000

Total 0 147,000,000$

Total Bridge & Temporary Transfers 170,832,056$

* Int Rate equals the prior month gross pool apportionment rate of return plus 5 basis points.** Temporary & Bridge Transfers are authorized by California Constitution Article XVI, and OC Board of Supervisors Resolutions 11-195 and 12-010

57

(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type

CostPar ValueCoupon/

Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal

Run Date: 01-Jun-2012 10:42 amCounty of Orange

Treasurer-Tax Collector's Office

Detail Transaction ReportPrint Date: 6/1/2012

Transaction Date From 01-May-2012 To 31-May-2012

uphanUser:

Page 1 of 37

Trans

Date

Purchased

Interest

Settlement

Fund: County Money Mkt Fnd

576847 FREDDIE MAC /CASTLE OAK

SECURITIES

AGN FLOAT1 0.1840 0.1030 /

INT5/1/2012 0.00 (7,552.08) 0.00 0.00 7,552.08 5/1/2012

MAT5/1/2012 (50,000,000.00) 7,005.56 (50,007,005.56) 0.00 50,000,000.00 5/1/2012


SECURITIES

AGN FLOAT1 0.1840 0.1030 /

INT5/1/2012 0.00 (7,552.08) 0.00 0.00 7,552.08 5/1/2012

MAT5/1/2012 (50,000,000.00) 7,005.56 (50,007,005.56) 0.00 50,000,000.00 5/1/2012

578247 FREDDIE MAC /JP MORGAN

CHASE & CO

AGN FLOAT1 0.1840 0.0971 /

INT5/1/2012 0.00 (7,552.08) 0.00 0.00 7,552.08 5/1/2012

MAT5/1/2012 (50,000,000.00) 8,444.44 (50,008,444.44) 0.00 50,000,000.00 5/1/2012


CHASE & CO

AGN FLOAT1 0.1840 0.0832 /

INT5/1/2012 0.00 (4,984.38) 0.00 0.00 4,984.38 5/1/2012

MAT5/1/2012 (33,000,000.00) 7,619.33 (33,007,619.33) 0.00 33,000,000.00 5/1/2012

581783 WAL-MART

STORES INC

/CRED SUIS

SECURITIES

CP 0.0800 0.0800 /

MAT5/1/2012 (50,000,000.00) (3,666.67)(49,996,333.33) 0.00 50,000,000.00 5/1/2012

587799 FED FARM CR BK /BNP PARIBAS AGDN 0.0500 0.0500 /

PURC5/1/2012 25,000,000.00 0.00 24,999,687.50 0.00 (24,999,687.50)5/10/2012

587800 FNMA DISCOUNT /BNP PARIBAS AGDN 0.0800 0.0800 /

PURC5/1/2012 34,000,000.00 0.00 33,998,488.90 0.00 (33,998,488.89)5/21/2012

587801 TORONTO

DOMINION BANK

NY

/TDSI YCD 0.1100 0.1100 /

PURC5/1/2012 25,000,000.00 0.00 25,000,000.00 0.00 (25,000,000.00)5/22/2012

587802 FREDDIE

DISCOUNT

/DEUTSCHE AGDN 0.0800 0.0800 /

PURC5/1/2012 19,060,000.00 0.00 19,059,745.87 0.00 (19,059,745.87)5/7/2012

587805 FNMA DISCOUNT /UBS

FINANCIAL

SERVICES

AGDN 0.0500 0.0500 /

PURC5/1/2012 50,000,000.00 0.00 49,999,930.55 0.00 (49,999,930.56)5/2/2012

588015 US TREASURY N/B /GOLDMAN

SACHS

TBILL 0.0550 0.0550 /

PURC5/1/2012 50,000,000.00 0.00 49,999,312.50 0.00 (49,999,312.50)5/10/2012

588019 FED HM LN BK BD / AGYMAT 0.1900 0.2039 /

Deals [Transaction Type] = SE58

(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 2 of 37

Trans

Date

Purchased

Interest

Settlement


PURC5/1/2012 7,500,000.00 0.00 7,502,143.75 0.00 (7,502,143.75)2/15/2013

559248 COUNTY OF

ORANGE

/COUNTY OF

ORANGE

OCPOB2011A 1.8200 0.1106 /

SALE5/2/2012 (63,500,000.00) 0.00 (63,500,000.00) 0.00 2,470,066.64 6/27/2012

INT5/2/2012 0.00 (8,756.43) 0.00 0.00 8,756.43 6/27/2012

582354 CHEVRON CORP /BARCLAY

CAPITAL

CP 0.0800 0.0800 /

MAT5/2/2012 (25,000,000.00) (1,666.67)(24,998,333.33) 0.00 25,000,000.00 5/2/2012

582356 FED HM LN BK BD /DEUTSCHE AGNF1 0.2000 0.2583 /

INT5/2/2012 0.00 (10,000.00) 0.00 0.00 10,000.00 5/2/2013


FINANCIAL

SERVICES

AGDN 0.0500 0.0500 /

MAT5/2/2012 (50,000,000.00) (69.44)(49,999,930.56) 0.00 50,000,000.00 5/2/2012

588332 WAL-MART

STORES INC

/CRED SUIS

SECURITIES

CP 0.1000 0.1000 /

PURC5/2/2012 25,000,000.00 0.00 24,998,055.55 0.00 (24,998,055.56)5/30/2012

588337 AUTOMATIC

DATA

PROCESSING, INC

/BARCLAYS

CAPITAL

CP 0.0900 0.0900 /

PURC5/2/2012 50,000,000.00 0.00 49,999,125.00 0.00 (49,999,125.00)5/9/2012

588560 NESTLE CAPITAL

CORP

/CRED SUIS

SECURITIES

CP 0.0300 0.0300 /

PURC5/3/2012 40,000,000.00 0.00 39,999,966.68 0.00 (39,999,966.67)5/4/2012


CAPITAL

CP 0.0700 0.0700 /

PURC5/3/2012 25,000,000.00 0.00 24,999,659.73 0.00 (24,999,659.72)5/10/2012


CAPITAL

CP 0.0600 0.0600 /

PURC5/3/2012 15,000,000.00 0.00 14,999,975.00 0.00 (14,999,975.00)5/4/2012

554222 TORONTO

DOMINION BANK

NY

/TDSI YCDF 0.2594 0.2884 /

INT5/4/2012 0.00 (1,741.67) 0.00 0.00 1,741.67 5/4/2012

MAT5/4/2012 (8,000,000.00) 372.64 (8,000,372.64) 0.00 8,000,000.00 5/4/2012

583417 FHLB DISC CORP /CRED SUIS

SECURITIES

AGDN 0.0950 0.0950 /

MAT5/4/2012 (22,410,000.00) (1,478.44)(22,408,521.56) 0.00 22,410,000.00 5/4/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 3 of 37

Trans

Date

Purchased

Interest

Settlement


583721 FHLB DISC CORP /JP MORGAN

CHASE & CO

AGDN 0.0900 0.0900 /

MAT5/4/2012 (50,000,000.00) (3,000.00)(49,997,000.00) 0.00 50,000,000.00 5/4/2012


CHASE & CO

AGDN 0.0900 0.0900 /

MAT5/4/2012 (24,600,000.00) (1,476.00)(24,598,524.00) 0.00 24,600,000.00 5/4/2012


CORP

/CRED SUIS

SECURITIES

CP 0.0300 0.0300 /

MAT5/4/2012 (40,000,000.00) (33.33)(39,999,966.67) 0.00 40,000,000.00 5/4/2012


CAPITAL

CP 0.0600 0.0600 /

MAT5/4/2012 (15,000,000.00) (25.00)(14,999,975.00) 0.00 15,000,000.00 5/4/2012


SECURITIES

AGDN 0.1000 0.1000 /

PURC5/4/2012 50,000,000.00 0.00 49,996,388.90 0.00 (49,996,388.89)5/30/2012

588985 WAL-MART

STORES INC

/CRED SUIS

SECURITIES

CP 0.1100 0.1100 /

PURC5/4/2012 15,000,000.00 0.00 14,998,441.67 0.00 (14,998,441.67)6/7/2012

588986 WAL-MART

STORES INC

/CITIGROUP

GLOBAL

MARKETS

CP 0.1200 0.1200 /

PURC5/4/2012 26,000,000.00 0.00 25,996,446.66 0.00 (25,996,446.67)6/14/2012

588991 ROYAL BANK OF

CANADA

/RBC YCD 0.1100 0.1100 /

PURC5/4/2012 25,000,000.00 0.00 25,000,000.00 0.00 (25,000,000.00)6/4/2012

588992 TORONTO

DOMINION BANK

NY

/TDSI YCD 0.1400 0.1400 /

PURC5/4/2012 10,000,000.00 0.00 10,000,000.00 0.00 (10,000,000.00)6/8/2012

588997 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.0800 0.0800 /

PURC5/4/2012 10,000,000.00 0.00 9,999,933.33 0.00 (9,999,933.33)5/7/2012

588998 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.0900 0.0900 /

PURC5/4/2012 30,000,000.00 0.00 29,999,550.00 0.00 (29,999,550.00)5/10/2012

572396 FREDDIE

DISCOUNT

/JEFFERIES &

COMPANY

AGDN 0.0900 0.0900 /


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 4 of 37

Trans

Date

Purchased

Interest

Settlement


MAT5/7/2012 (15,000,000.00) (3,337.50)(14,996,662.50) 0.00 15,000,000.00 5/7/2012

587802 FREDDIE

DISCOUNT


MAT5/7/2012 (19,060,000.00) (254.13)(19,059,745.87) 0.00 19,060,000.00 5/7/2012

588997 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.0800 0.0800 /

MAT5/7/2012 (10,000,000.00) (66.67)(9,999,933.33) 0.00 10,000,000.00 5/7/2012

589247 NETJETS INC. /GOLDMAN

SACHS

CP 0.1000 0.1000 /

PURC5/7/2012 7,000,000.00 0.00 6,999,669.44 0.00 (6,999,669.44)5/24/2012

589248 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.1400 0.1400 /

PURC5/7/2012 13,000,000.00 0.00 12,999,949.44 0.00 (12,999,949.44)5/8/2012

589249 US TREASURY N/B /BARCLAYS

CAPITAL

TBILL 0.0660 0.0660 /

PURC5/7/2012 25,000,000.00 0.00 24,999,862.50 0.00 (24,999,862.50)5/10/2012

589248 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.1400 0.1400 /

MAT5/8/2012 (13,000,000.00) (50.56)(12,999,949.44) 0.00 13,000,000.00 5/8/2012

589303 FED HM LN BK BD /RBC CALLGOVAGY 0.8750 0.8735 /

PURC5/8/2012 25,000,000.00 0.00 25,018,131.90 0.00 (25,018,131.89)4/10/2015

581522 FHLB DISC CORP /CASTLE OAK

SECURITIES

AGDN 0.0800 0.0800 /

MAT5/9/2012 (25,000,000.00) (2,333.33)(24,997,666.67) 0.00 25,000,000.00 5/9/2012


FINANCIAL

SERVICES

AGDN 0.0950 0.0950 /

MAT5/9/2012 (50,000,000.00) (3,958.33)(49,996,041.67) 0.00 50,000,000.00 5/9/2012


FINANCIAL

SERVICES

AGDN 0.0950 0.0950 /

MAT5/9/2012 (2,500,000.00) (197.92)(2,499,802.08) 0.00 2,500,000.00 5/9/2012

584175 FHLB DISC CORP /JEFFERIES &

COMPANY

AGDN 0.0900 0.0900 /

MAT5/9/2012 (50,000,000.00) (3,500.00)(49,996,500.00) 0.00 50,000,000.00 5/9/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 5 of 37

Trans

Date

Purchased

Interest

Settlement


588337 AUTOMATIC

DATA

PROCESSING, INC

/BARCLAYS

CAPITAL

CP 0.0900 0.0900 /

MAT5/9/2012 (50,000,000.00) (875.00)(49,999,125.00) 0.00 50,000,000.00 5/9/2012

589565 WAL-MART

STORES INC

/CRED SUIS

SECURITIES

CP 0.0700 0.0700 /

PURC5/9/2012 15,000,000.00 0.00 14,999,620.83 0.00 (14,999,620.83)5/22/2012


FINANCIAL

SERVICES

AGDN 0.0700 0.0700 /

PURC5/9/2012 50,000,000.00 0.00 49,998,833.35 0.00 (49,998,833.33)5/21/2012

589576 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.1400 0.1400 /

PURC5/9/2012 50,000,000.00 0.00 49,999,805.55 0.00 (49,999,805.56)5/10/2012

589578 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.1400 0.1400 /

PURC5/9/2012 14,130,000.00 0.00 14,129,945.05 0.00 (14,129,945.05)5/10/2012

589579 CHEVRON CORP /BARCLAYS

CAPITAL

CP 0.0800 0.0800 /

PURC5/9/2012 15,000,000.00 0.00 14,999,500.01 0.00 (14,999,500.00)5/24/2012

589782 FED FARM CR BK /UBS

FINANCIAL

SERVICES

AGNF1 0.2200 0.2223 /

PURC5/9/2012 10,000,000.00 0.00 10,002,366.67 0.00 (10,002,366.67)3/27/2013

589784 JP MORGAN

CHASE & CO

/CASTLE OAK

SECURITIES

MTNFFDIC 0.7036 0.1197 /

PURC5/9/2012 30,000,000.00 0.00 30,050,250.63 0.00 (30,050,250.62)6/15/2012


CANADA

/RBC YCD 0.1300 0.1300 /

INT5/10/2012 0.00 (2,708.33) 0.00 0.00 2,708.33 5/10/2012

MAT5/10/2012 (25,000,000.00) 0.00 (25,000,000.00) 0.00 25,000,000.00 5/10/2012

583740 CHEVRON CORP /MORGAN

STANLEY

CP 0.1000 0.1000 /

MAT5/10/2012 (50,000,000.00) (4,166.67)(49,995,833.33) 0.00 50,000,000.00 5/10/2012

587799 FED FARM CR BK /BNP PARIBAS AGDN 0.0500 0.0500 /

MAT5/10/2012 (25,000,000.00) (312.50)(24,999,687.50) 0.00 25,000,000.00 5/10/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 6 of 37

Trans

Date

Purchased

Interest

Settlement


588015 US TREASURY N/B /GOLDMAN

SACHS

TBILL 0.0550 0.0550 /

MAT5/10/2012 (50,000,000.00) (687.50)(49,999,312.50) 0.00 50,000,000.00 5/10/2012


CAPITAL

CP 0.0700 0.0700 /

MAT5/10/2012 (25,000,000.00) (340.28)(24,999,659.72) 0.00 25,000,000.00 5/10/2012

588998 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.0900 0.0900 /

MAT5/10/2012 (30,000,000.00) (450.00)(29,999,550.00) 0.00 30,000,000.00 5/10/2012

589249 US TREASURY N/B /BARCLAYS

CAPITAL

TBILL 0.0660 0.0660 /

MAT5/10/2012 (25,000,000.00) (137.50)(24,999,862.50) 0.00 25,000,000.00 5/10/2012

589303 FED HM LN BK BD /RBC CALLGOVAGY 0.8750 0.8735 /

CALL REPAY PRINCIPAL5/10/2012 (25,000,000.00) 0.00 (25,018,131.89) 0.00 25,018,131.89 4/10/2015

INT5/10/2012 0.00 (18,229.17) 0.00 0.00 18,229.17 4/10/2015

589576 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.1400 0.1400 /

MAT5/10/2012 (50,000,000.00) (194.44)(49,999,805.56) 0.00 50,000,000.00 5/10/2012

589578 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.1400 0.1400 /

MAT5/10/2012 (14,130,000.00) (54.95)(14,129,945.05) 0.00 14,130,000.00 5/10/2012

589842 FNMA DISCOUNT /BARCLAYS

CAPITAL

AGDN 0.0500 0.0500 /

PURC5/10/2012 20,000,000.00 0.00 19,999,694.44 0.00 (19,999,694.44)5/21/2012

589848 AUTOMATIC

DATA

PROCESSING, INC

/BARCLAYS

CAPITAL

CP 0.1400 0.1400 /

PURC5/10/2012 50,000,000.00 0.00 49,998,638.90 0.00 (49,998,638.89)5/17/2012

589849 FED HM LN BK BD / CALLGOVAGY 0.2000 0.1948 /

PURC5/10/2012 10,000,000.00 0.00 10,004,555.68 0.00 (10,004,555.68)11/23/2012


PURC5/10/2012 25,000,000.00 0.00 25,030,243.05 0.00 (25,030,243.06)11/23/2012

589851 FED HM LN BK BD /JP MORGAN

CHASE & CO

STEPGOVAGY 0.2500 0.2489 /

PURC5/10/2012 11,510,000.00 0.00 11,512,195.21 0.00 (11,512,195.21)4/17/2015

589852 FED HM LN BK BD /BNP PARIBAS AGNF1 0.2300 0.2381 /


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 7 of 37

Trans

Date

Purchased

Interest

Settlement


PURC5/10/2012 10,000,000.00 0.00 9,999,190.00 0.00 (9,999,190.00)5/10/2013


PURC5/10/2012 50,000,000.00 0.00 50,074,594.45 0.00 (50,074,594.44)5/11/2012


SALE5/11/2012 (15,000,000.00) 2,492,325.69 (14,996,058.33) 0.00 12,503,732.64 2/15/2013


INT5/11/2012 0.00 (74,722.22) 0.00 0.00 74,722.22 5/11/2012

MAT5/11/2012 (50,000,000.00) 74,594.44 (50,074,594.44) 0.00 50,000,000.00 5/11/2012

590073 FREDDIE

DISCOUNT

/CITIGROUP

GLOBAL

MARKETS

AGDN 0.0600 0.0600 /

PURC5/11/2012 25,000,000.00 0.00 24,999,791.68 0.00 (24,999,791.67)5/16/2012

590299 GENERAL

ELECTRIC CO

/CASTLE OAK

SECURITIES

MTNFDIC 2.0000 0.1702 /

PURC5/11/2012 8,635,000.00 0.00 8,715,580.87 0.00 (8,715,580.87)9/28/2012

590300 GOLDMAN SACHS

GROUP INC

/JP MORGAN

CHASE & CO

MTNFDIC 3.2500 0.1209 /

PURC5/11/2012 10,000,000.00 0.00 10,161,305.56 0.00 (10,161,305.56)6/15/2012

590301 JP MORGAN

CHASE & CO

/JP MORGAN

CHASE & CO

MTNFDIC 2.2000 0.1198 /

PURC5/11/2012 10,000,000.00 0.00 10,108,822.22 0.00 (10,108,822.22)6/15/2012

561385 FED FARM CR BK /CASTLE OAK

SECURITIES

AGN FLOAT1 0.2579 0.1303 /

INT5/13/2012 0.00 (2,085.42) 0.00 0.00 2,085.42 11/13/2012


SECURITIES

AGN FLOAT1 0.2302 0.1216 /

INT5/13/2012 0.00 (4,796.88) 0.00 0.00 4,796.88 8/13/2012

583741 FHLB DISC CORP /BANK OF

AMERICA

AGDN 0.0900 0.0900 /

MAT5/14/2012 (5,800,000.00) (493.00)(5,799,507.00) 0.00 5,800,000.00 5/14/2012


CANADA

/JEFFERIES &

COMPANY

YCD 0.5450 0.4000 /

INT5/15/2012 0.00 (17,909.31) 0.00 0.00 17,909.31 5/15/2012

INT5/15/2012 0.00 (53,826.32) 0.00 0.00 53,826.32 5/15/2012

MAT5/15/2012 (6,500,000.00) 10,256.99 (6,510,256.99) 0.00 6,500,000.00 5/15/2012


CANADA

/JEFFERIES &

COMPANY

YCD 0.5450 0.3500 /

INT5/15/2012 0.00 (15,154.03) 0.00 0.00 15,154.03 5/15/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 8 of 37

Trans

Date

Purchased

Interest

Settlement


INT5/15/2012 0.00 (45,545.35) 0.00 0.00 45,545.35 5/15/2012

MAT5/15/2012 (5,500,000.00) 10,990.06 (5,510,990.06) 0.00 5,500,000.00 5/15/2012

590586 FHLB DISC CORP /GOLDMAN

SACHS GROUP

INC

AGDN 0.1000 0.1000 /

PURC5/15/2012 50,000,000.00 0.00 49,999,861.10 0.00 (49,999,861.11)5/16/2012


SACHS GROUP

INC

AGDN 0.1000 0.1000 /

PURC5/15/2012 50,000,000.00 0.00 49,999,861.10 0.00 (49,999,861.11)5/16/2012

590777 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.1500 0.1500 /

PURC5/15/2012 25,000,000.00 0.00 24,999,895.83 0.00 (24,999,895.83)5/16/2012

559248 COUNTY OF

ORANGE

/COUNTY OF

ORANGE

OCPOB2011A 1.8200 0.1106 /

SALE5/16/2012 (63,500,000.00) 0.00 (63,500,000.00) 0.00 2,471,814.90 6/27/2012

INT5/16/2012 0.00 (7,008.17) 0.00 0.00 7,008.17 6/27/2012

574057 FED HM LN BK BD /BNP PARIBAS CALLGOVAGY 0.1500 0.1500 /


INT5/16/2012 0.00 (7,500.00) 0.00 0.00 7,500.00 8/30/2012

587230 FREDDIE

DISCOUNT

/JP MORGAN

CHASE & CO

AGDN 0.0600 0.0600 /

MAT5/16/2012 (21,727,000.00) (688.02)(21,726,311.98) 0.00 21,727,000.00 5/16/2012

590073 FREDDIE

DISCOUNT

/CITIGROUP

GLOBAL

MARKETS

AGDN 0.0600 0.0600 /

MAT5/16/2012 (25,000,000.00) (208.33)(24,999,791.67) 0.00 25,000,000.00 5/16/2012


SACHS GROUP

INC

AGDN 0.1000 0.1000 /

MAT5/16/2012 (50,000,000.00) (138.89)(49,999,861.11) 0.00 50,000,000.00 5/16/2012


SACHS GROUP

INC

AGDN 0.1000 0.1000 /

MAT5/16/2012 (50,000,000.00) (138.89)(49,999,861.11) 0.00 50,000,000.00 5/16/2012

590777 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.1500 0.1500 /


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 9 of 37

Trans

Date

Purchased

Interest

Settlement


MAT5/16/2012 (25,000,000.00) (104.17)(24,999,895.83) 0.00 25,000,000.00 5/16/2012


AMERICA

AGDN 0.0800 0.0800 /

PURC5/16/2012 50,000,000.00 0.00 49,999,888.90 0.00 (49,999,888.89)5/17/2012


AMERICA

AGDN 0.0800 0.0800 /

PURC5/16/2012 50,000,000.00 0.00 49,999,888.90 0.00 (49,999,888.89)5/17/2012

540950 FANNIE MAE /CASTLE OAK

SECURITIES

AGN FLOAT1 0.2402 0.1847 /

INT5/17/2012 0.00 (2,247.92) 0.00 0.00 2,247.92 9/17/2012

589848 AUTOMATIC

DATA

PROCESSING, INC

/BARCLAYS

CAPITAL

CP 0.1400 0.1400 /

MAT5/17/2012 (50,000,000.00) (1,361.11)(49,998,638.89) 0.00 50,000,000.00 5/17/2012


CHASE & CO

STEPGOVAGY 0.2500 0.2489 /


INT5/17/2012 0.00 (2,397.92) 0.00 0.00 2,397.92 4/17/2015


AMERICA

AGDN 0.0800 0.0800 /

MAT5/17/2012 (50,000,000.00) (111.11)(49,999,888.89) 0.00 50,000,000.00 5/17/2012


AMERICA

AGDN 0.0800 0.0800 /

MAT5/17/2012 (50,000,000.00) (111.11)(49,999,888.89) 0.00 50,000,000.00 5/17/2012


CHASE & CO

CALLGOVAGY 0.2500 0.2458 /

PURC5/17/2012 24,000,000.00 0.00 24,029,518.39 0.00 (24,029,518.40)11/23/2012

591092 FNMA DISCOUNT /CITIGROUP

GLOBAL

MARKETS

AGDN 0.0700 0.0700 /

PURC5/17/2012 48,538,000.00 0.00 48,537,622.47 0.00 (48,537,622.48)5/21/2012


PURC5/17/2012 22,100,000.00 0.00 22,099,828.11 0.00 (22,099,828.11)5/21/2012

591096 FED HM LN BK BD /CRED SUIS

SECURITIES

CALLGOVAGY 0.3100 0.3100 /

PURC5/17/2012 5,000,000.00 0.00 5,003,013.89 0.00 (5,003,013.89)12/17/2012


CAPITAL

CP 0.0700 0.0700 /

PURC5/17/2012 49,800,000.00 0.00 49,799,322.17 0.00 (49,799,322.17)5/24/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





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Page 10 of 37

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581528 FED HM LN BK BD /CASTLE OAK

SECURITIES

AGNF1 1.1250 0.0804 /

INT5/18/2012 0.00 (132,356.25) 0.00 0.00 132,356.25 5/18/2012

MAT5/18/2012 (23,530,000.00) 129,662.07 (23,659,662.07) 0.00 23,530,000.00 5/18/2012

591565 AUTOMATIC

DATA

PROCESSING, INC

/BARCLAYS

CAPITAL

CP 0.1600 0.1600 /

PURC5/18/2012 50,000,000.00 0.00 49,998,666.65 0.00 (49,998,666.67)5/24/2012

581529 FED FARM CR BK /MORGAN

STANLEY

AGN FLOAT3 0.1660 0.1751 /

INT5/20/2012 0.00 (9,422.81) 0.00 0.00 9,422.81 11/20/2012

546952 TORONTO

DOMINION BANK

NY

/TDSI YCDF 0.3007 0.3007 /

INT5/21/2012 0.00 (3,613.75) 0.00 0.00 3,613.75 9/21/2012


STANLEY

AGN FLOAT3 0.1660 0.1751 /

INT5/21/2012 0.00 (76.68) 0.00 0.00 76.68 11/20/2012


FINANCIAL

SERVICES

AGDN 0.0900 0.0900 /

MAT5/21/2012 (50,000,000.00) (5,250.00)(49,994,750.00) 0.00 50,000,000.00 5/21/2012


MAT5/21/2012 (34,000,000.00) (1,511.11)(33,998,488.89) 0.00 34,000,000.00 5/21/2012


FINANCIAL

SERVICES

AGDN 0.0700 0.0700 /

MAT5/21/2012 (50,000,000.00) (1,166.67)(49,998,833.33) 0.00 50,000,000.00 5/21/2012


CAPITAL

AGDN 0.0500 0.0500 /

MAT5/21/2012 (20,000,000.00) (305.56)(19,999,694.44) 0.00 20,000,000.00 5/21/2012


GLOBAL

MARKETS

AGDN 0.0700 0.0700 /

MAT5/21/2012 (48,538,000.00) (377.52)(48,537,622.48) 0.00 48,538,000.00 5/21/2012


MAT5/21/2012 (22,100,000.00) (171.89)(22,099,828.11) 0.00 22,100,000.00 5/21/2012


CANADA

/RBC YCD 0.6000 0.6000 /


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





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Page 11 of 37

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Interest

Settlement


PURC5/21/2012 15,000,000.00 0.00 15,000,000.00 0.00 (15,000,000.00)5/21/2013

591835 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.1500 0.1500 /

PURC5/21/2012 25,000,000.00 0.00 24,999,895.83 0.00 (24,999,895.83)5/22/2012

591837 FED HM LN BK BD /MORGAN

STANLEY

CALLGOVAGY 0.5500 0.5487 /

PURC5/21/2012 26,250,000.00 0.00 26,285,830.91 0.00 (26,285,830.91)2/24/2015


PURC5/21/2012 50,000,000.00 0.00 50,020,330.00 0.00 (50,020,330.00)4/24/2014

591845 FED HM LN BK BD /UBS

FINANCIAL

SERVICES

CALLGOVAGY 0.2700 0.2700 /

PURC5/21/2012 15,000,000.00 0.00 15,000,000.00 0.00 (15,000,000.00)6/21/2013

585298 FED HM LN BK BD /JEFFERIES &

COMPANY

AGNF1 0.2300 0.2530 /

SALE5/22/2012 (25,000,000.00) 12,491,934.72 (24,994,250.00) 0.00 12,502,315.28 4/18/2013

587801 TORONTO

DOMINION BANK

NY

/TDSI YCD 0.1100 0.1100 /

INT5/22/2012 0.00 (1,604.17) 0.00 0.00 1,604.17 5/22/2012

MAT5/22/2012 (25,000,000.00) 0.00 (25,000,000.00) 0.00 25,000,000.00 5/22/2012

589565 WAL-MART

STORES INC

/CRED SUIS

SECURITIES

CP 0.0700 0.0700 /

MAT5/22/2012 (15,000,000.00) (379.17)(14,999,620.83) 0.00 15,000,000.00 5/22/2012

591835 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.1500 0.1500 /

MAT5/22/2012 (25,000,000.00) (104.17)(24,999,895.83) 0.00 25,000,000.00 5/22/2012

591888 FHLB DISC CORP /DEUTSCHE AGDN 0.0800 0.0800 /

PURC5/22/2012 50,000,000.00 0.00 49,999,888.90 0.00 (49,999,888.89)5/23/2012


CAPITAL

CP 0.0700 0.0700 /

PURC5/22/2012 15,000,000.00 0.00 14,999,795.84 0.00 (14,999,795.83)5/29/2012

592116 US TREASURY N/B /JP MORGAN

CHASE & CO

TBILL 0.0550 0.0550 /

PURC5/22/2012 50,000,000.00 0.00 49,999,312.50 0.00 (49,999,312.50)5/31/2012


CHASE & CO

CALLGOVAGY 0.5000 0.4995 /


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





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Page 12 of 37

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Date

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Interest

Settlement


PURC5/22/2012 6,000,000.00 0.00 6,002,474.99 0.00 (6,002,474.99)4/23/2014



INT5/23/2012 0.00 (2,500.00) 0.00 0.00 2,500.00 11/23/2012

582619 FANNIE MAE /GOLDMAN

SACHS GROUP

INC

AGN FLOAT1 0.3205 0.1689 /

INT5/23/2012 0.00 (1,152.79) 0.00 0.00 1,152.79 11/23/2012

INT5/23/2012 0.00 (17,055.00) 0.00 0.00 17,055.00 11/23/2012


CHASE & CO

CALLGOVAGY 0.2500 0.2458 /


INT5/23/2012 0.00 (30,000.00) 0.00 0.00 30,000.00 11/23/2012


MAT5/23/2012 (50,000,000.00) (111.11)(49,999,888.89) 0.00 50,000,000.00 5/23/2012


CHASE & CO

CALLGOVAGY 0.5000 0.4995 /


INT5/23/2012 0.00 (2,500.00) 0.00 0.00 2,500.00 4/23/2014

592153 WAL-MART

STORES INC

/BARCLAYS

CAPITAL

CP 0.1000 0.1000 /

PURC5/23/2012 10,000,000.00 0.00 9,999,777.78 0.00 (9,999,777.78)5/31/2012


PURC5/23/2012 50,000,000.00 0.00 49,999,777.80 0.00 (49,999,777.78)5/25/2012

592167 FED HM LN BK BD /FTN CALLGOVAGY 0.3000 0.3000 /

PURC5/23/2012 5,000,000.00 0.00 5,000,000.00 0.00 (5,000,000.00)6/21/2013


CHASE & CO

AGN FLOAT1 0.2336 0.1187 /

INT5/24/2012 0.00 (7,489.58) 0.00 0.00 7,489.58 8/24/2012

589247 NETJETS INC. /GOLDMAN

SACHS

CP 0.1000 0.1000 /

MAT5/24/2012 (7,000,000.00) (330.56)(6,999,669.44) 0.00 7,000,000.00 5/24/2012


CAPITAL

CP 0.0800 0.0800 /

MAT5/24/2012 (15,000,000.00) (500.00)(14,999,500.00) 0.00 15,000,000.00 5/24/2012


CAPITAL

CP 0.0700 0.0700 /

MAT5/24/2012 (49,800,000.00) (677.83)(49,799,322.17) 0.00 49,800,000.00 5/24/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 13 of 37

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Date

Purchased

Interest

Settlement


591565 AUTOMATIC

DATA

PROCESSING, INC

/BARCLAYS

CAPITAL

CP 0.1600 0.1600 /

MAT5/24/2012 (50,000,000.00) (1,333.33)(49,998,666.67) 0.00 50,000,000.00 5/24/2012


STANLEY

CALLGOVAGY 0.5500 0.5487 /


INT5/24/2012 0.00 (36,093.75) 0.00 0.00 36,093.75 2/24/2015



INT5/24/2012 0.00 (20,833.33) 0.00 0.00 20,833.33 4/24/2014

592677 FHLB DISC CORP /RBC AGDN 0.0600 0.0600 /

PURC5/24/2012 40,000,000.00 0.00 39,999,933.32 0.00 (39,999,933.33)5/25/2012

592680 FHLB DISC CORP /UBS

FINANCIAL

SERVICES

AGDN 0.0800 0.0800 /

PURC5/24/2012 38,520,000.00 0.00 38,519,914.41 0.00 (38,519,914.40)5/25/2012

592681 FHLB DISC CORP /BNP PARIBAS AGDN 0.0600 0.0600 /

PURC5/24/2012 50,000,000.00 0.00 49,999,916.65 0.00 (49,999,916.67)5/25/2012

582356 FED HM LN BK BD /DEUTSCHE AGNF1 0.2000 0.2583 /

SALE5/25/2012 (20,000,000.00) 4,998,813.90 (19,994,066.67) 0.00 14,995,252.77 5/2/2013


COMPANY

AGDN 0.2200 0.2205 /

SALE5/25/2012 (15,000,000.00) 9,976,130.00 (14,967,550.00) 0.00 4,991,420.00 4/2/2013


MAT5/25/2012 (50,000,000.00) (222.22)(49,999,777.78) 0.00 50,000,000.00 5/25/2012


MAT5/25/2012 (40,000,000.00) (66.67)(39,999,933.33) 0.00 40,000,000.00 5/25/2012


FINANCIAL

SERVICES

AGDN 0.0800 0.0800 /

MAT5/25/2012 (38,520,000.00) (85.60)(38,519,914.40) 0.00 38,520,000.00 5/25/2012


MAT5/25/2012 (50,000,000.00) (83.33)(49,999,916.67) 0.00 50,000,000.00 5/25/2012


PURC5/25/2012 15,000,000.00 0.00 15,000,000.00 0.00 (15,000,000.00)6/10/2013

592757 GENERAL ELEC

CAP CORP

/CASTLE OAK

SECURITIES

MTNFFDIC 0.7745 0.1340 /


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





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Page 14 of 37

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Date

Purchased

Interest

Settlement


PURC5/25/2012 25,040,000.00 0.00 25,088,256.89 0.00 (25,088,256.88)6/8/2012

592909 MORGAN

STANLEY

/CASTLE OAK

SECURITIES

MTNFFDIC 0.8236 0.1352 /

PURC5/25/2012 10,700,000.00 0.00 10,721,475.17 0.00 (10,721,475.17)6/20/2012


PURC5/25/2012 50,000,000.00 0.00 49,999,555.55 0.00 (49,999,555.56)5/29/2012


PURC5/25/2012 50,000,000.00 0.00 49,999,555.55 0.00 (49,999,555.56)5/29/2012


PURC5/25/2012 50,000,000.00 0.00 49,999,555.55 0.00 (49,999,555.56)5/29/2012


CORP

/MORGAN

STANLEY

CP 0.0600 0.0600 /

PURC5/25/2012 20,000,000.00 0.00 19,999,866.66 0.00 (19,999,866.67)5/29/2012

592970 FREDDIE

DISCOUNT


PURC5/25/2012 14,120,000.00 0.00 14,119,823.50 0.00 (14,119,823.50)5/30/2012

592971 TORONTO

DOMINION BANK

NY

/TDSI YCD 0.1100 0.1100 /

PURC5/25/2012 15,000,000.00 0.00 15,000,000.00 0.00 (15,000,000.00)6/22/2012

541738 FANNIE MAE /DEUTSCHE AGN FLOAT1 0.1773 0.1567 /

INT5/26/2012 0.00 (4,765.63) 0.00 0.00 4,765.63 7/26/2012

562952 FANNIE MAE /MORGAN

STANLEY

AGN FLOAT1 0.2472 0.1036 /

INT5/26/2012 0.00 (9,531.25) 0.00 0.00 9,531.25 7/26/2012


CHASE & CO

AGN FLOAT1 0.2600 0.1590 /

INT5/28/2012 0.00 (32,500.00) 0.00 0.00 32,500.00 8/28/2012


CORP

/BANK OF

AMERICA

CP 0.1000 0.1000 /

MAT5/29/2012 (50,000,000.00) (8,750.00)(49,991,250.00) 0.00 50,000,000.00 5/29/2012


CAPITAL

CP 0.0700 0.0700 /

MAT5/29/2012 (15,000,000.00) (204.17)(14,999,795.83) 0.00 15,000,000.00 5/29/2012


MAT5/29/2012 (50,000,000.00) (444.44)(49,999,555.56) 0.00 50,000,000.00 5/29/2012


MAT5/29/2012 (50,000,000.00) (444.44)(49,999,555.56) 0.00 50,000,000.00 5/29/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





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Page 15 of 37

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Settlement



MAT5/29/2012 (50,000,000.00) (444.44)(49,999,555.56) 0.00 50,000,000.00 5/29/2012


CORP

/MORGAN

STANLEY

CP 0.0600 0.0600 /

MAT5/29/2012 (20,000,000.00) (133.33)(19,999,866.67) 0.00 20,000,000.00 5/29/2012


CORP

/MORGAN

STANLEY

CP 0.0700 0.0700 /

PURC5/29/2012 50,000,000.00 0.00 49,999,902.80 0.00 (49,999,902.78)5/30/2012


SACHS GROUP

INC

AGDN 0.0650 0.0650 /

PURC5/29/2012 50,000,000.00 0.00 49,999,729.15 0.00 (49,999,729.17)6/1/2012


CORP

/CITIGROUP

GLOBAL

MARKETS

CP 0.1000 0.1000 /

PURC5/29/2012 20,000,000.00 0.00 19,999,944.44 0.00 (19,999,944.44)5/30/2012

593037 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.1400 0.1400 /

PURC5/29/2012 50,000,000.00 0.00 49,999,805.55 0.00 (49,999,805.56)5/30/2012

593038 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.1400 0.1400 /

PURC5/29/2012 15,000,000.00 0.00 14,999,941.67 0.00 (14,999,941.67)5/30/2012


FINANCIAL

SERVICES

AGDN 0.0700 0.0700 /

MAT5/30/2012 (8,255,000.00) (2,776.89)(8,252,223.11) 0.00 8,255,000.00 5/30/2012


GLOBAL

MARKETS

AGDN 0.0650 0.0650 /

MAT5/30/2012 (42,000,000.00) 39,986,880.83 (41,986,880.83) 0.00 2,000,000.00 5/30/2012

588332 WAL-MART

STORES INC

/CRED SUIS

SECURITIES

CP 0.1000 0.1000 /

MAT5/30/2012 (25,000,000.00) (1,944.44)(24,998,055.56) 0.00 25,000,000.00 5/30/2012


SECURITIES

AGDN 0.1000 0.1000 /

MAT5/30/2012 (50,000,000.00) (3,611.11)(49,996,388.89) 0.00 50,000,000.00 5/30/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 16 of 37

Trans

Date

Purchased

Interest

Settlement


592970 FREDDIE

DISCOUNT


MAT5/30/2012 (14,120,000.00) (176.50)(14,119,823.50) 0.00 14,120,000.00 5/30/2012


CORP

/MORGAN

STANLEY

CP 0.0700 0.0700 /

MAT5/30/2012 (50,000,000.00) (97.22)(49,999,902.78) 0.00 50,000,000.00 5/30/2012


CORP

/CITIGROUP

GLOBAL

MARKETS

CP 0.1000 0.1000 /

MAT5/30/2012 (20,000,000.00) (55.56)(19,999,944.44) 0.00 20,000,000.00 5/30/2012

593037 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.1400 0.1400 /

MAT5/30/2012 (50,000,000.00) (194.44)(49,999,805.56) 0.00 50,000,000.00 5/30/2012

593038 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.1400 0.1400 /

MAT5/30/2012 (15,000,000.00) (58.33)(14,999,941.67) 0.00 15,000,000.00 5/30/2012

593242 MORGAN

STANLEY

/BNP PARIBAS MTNFDIC 1.9500 0.1194 /

PURC5/30/2012 1,665,000.00 0.00 1,681,116.65 0.00 (1,681,116.65)6/20/2012

593243 GENERAL ELEC

CAP CORP


PURC5/30/2012 1,052,000.00 0.00 1,063,539.51 0.00 (1,063,539.51)6/8/2012


CAPITAL

AGDN 0.0400 0.0400 /

PURC5/30/2012 50,000,000.00 0.00 49,999,333.35 0.00 (49,999,333.33)6/11/2012

593245 WELLS FARGO

BANK


PURC5/30/2012 1,121,000.00 0.00 1,132,849.62 0.00 (1,132,849.62)6/15/2012

593246 US TREASURY N/B /BNP PARIBAS TBILL 0.0300 0.0300 /

PURC5/30/2012 50,000,000.00 0.00 49,999,666.65 0.00 (49,999,666.67)6/7/2012

593248 US TREASURY N/B /UBS

FINANCIAL

SERVICES

TBILL 0.0525 0.0525 /

PURC5/30/2012 25,000,000.00 0.00 24,999,963.55 0.00 (24,999,963.54)5/31/2012

559248 COUNTY OF

ORANGE

/COUNTY OF

ORANGE

OCPOB2011A 1.8200 0.1106 /

SALE5/31/2012 (63,500,000.00) 0.00 (63,500,000.00) 0.00 2,473,188.77 6/27/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 17 of 37

Trans

Date

Purchased

Interest

Settlement


INT5/31/2012 0.00 (5,634.30) 0.00 0.00 5,634.30 6/27/2012


CHASE & CO

TBILL 0.0550 0.0550 /

MAT5/31/2012 (50,000,000.00) (687.50)(49,999,312.50) 0.00 50,000,000.00 5/31/2012

592153 WAL-MART

STORES INC

/BARCLAYS

CAPITAL

CP 0.1000 0.1000 /

MAT5/31/2012 (10,000,000.00) (222.22)(9,999,777.78) 0.00 10,000,000.00 5/31/2012


FINANCIAL

SERVICES

TBILL 0.0525 0.0525 /

MAT5/31/2012 (25,000,000.00) (36.46)(24,999,963.54) 0.00 25,000,000.00 5/31/2012

593528 WAL-MART

STORES INC

/BARCLAYS

CAPITAL

CP 0.0900 0.0900 /

PURC5/31/2012 14,500,000.00 0.00 14,499,238.75 0.00 (14,499,238.75)6/21/2012

593530 US TREASURY N/B /BNP PARIBAS TRBD 0.6250 0.0562 /

PURC5/31/2012 10,000,000.00 0.00 10,004,687.50 26,098.90 (10,030,786.40)6/30/2012

593681 MORGAN

STANLEY

/JP MORGAN

CHASE & CO

MTNFDIC 1.9500 0.1200 /

PURC5/31/2012 7,335,000.00 0.00 7,406,022.48 0.00 (7,406,022.48)6/20/2012


CAPITAL

CP 0.0700 0.0700 /

PURC5/31/2012 45,000,000.00 0.00 44,999,387.51 0.00 (44,999,387.50)6/7/2012

307,602,739.07 69,513,991.49 (560,227,759.17)(560,774,000.00) Sub Total: 26,098.90

Fund: Extended Fund

456075 GENERAL ELEC

CAP CORP

/BARCLAYS

CAPITAL

MTNF 0.4744 1.6096 /

INT5/1/2012 0.00 (48,151.11) 0.00 0.00 48,151.11 11/1/2012

484570 GENERAL ELEC

CAP CORP

/JEFFERIES &

COMPANY

MTNF 0.5956 1.0670 /

INT5/2/2012 0.00 (7,382.40) 0.00 0.00 7,382.40 8/2/2012

511021 COUNTY OF

ORANGE

/COUNTY OF

ORANGE

OCPOB2011A 1.8200 0.1106 /

SALE5/2/2012 (148,919,820.00) 0.00 (148,919,820.00) 0.00 5,792,785.50 6/27/2012

INT5/2/2012 0.00 (20,535.53) 0.00 0.00 20,535.53 6/27/2012

557237 FED HM LN BK BD /CANTOR

FITZGERALD

AGNF1 0.3700 0.3330 /

INT5/3/2012 0.00 (18,500.00) 0.00 0.00 18,500.00 5/3/2013



(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 18 of 37

Trans

Date

Purchased

Interest

Settlement

Fund: Extended Fund

INT5/3/2012 0.00 (27,750.00) 0.00 0.00 27,750.00 5/3/2013

573793 FREDDIE MAC /UBS

FINANCIAL

SERVICES

AGNF1 0.3000 0.3962 /

SALE5/3/2012 (10,000,000.00) (17,220.00)(9,980,650.00) 0.00 9,997,870.00 3/21/2014

588559 MICROSOFT CORP /CRED SUIS

SECURITIES

MTN 2.9500 0.4581 /

PURC5/3/2012 15,339,000.00 0.00 16,128,498.33 191,055.77 (16,319,554.10)6/1/2014

555542 FANNIE MAE /GREENWICH

CAPITAL

CALLGOVAGY 1.0000 1.0034 /

INT5/7/2012 0.00 (50,000.00) 0.00 0.00 50,000.00 11/7/2014

555543 FANNIE MAE /GREENWICH

CAPITAL

CALLGOVAGY 1.0000 1.0085 /

INT5/7/2012 0.00 (75,000.00) 0.00 0.00 75,000.00 11/7/2014

589253 FANNIE MAE /DEUTSCHE CALLGOVAGY 1.7500 1.5036 /

PURC5/7/2012 10,000,000.00 0.00 10,119,944.44 0.00 (10,119,944.44)5/3/2017

589254 FANNIE MAE /OPPENHEIMER

& CO., INC

CALLGOVAGY 1.7500 1.5034 /

PURC5/7/2012 25,000,000.00 0.00 25,300,111.10 0.00 (25,300,111.11)5/3/2017


PURC5/7/2012 25,000,000.00 0.00 25,018,125.00 0.00 (25,018,125.00)4/10/2015

452468 FED FARM CR BK /RBC AGNF1 3.8750 1.2458 /

SALE5/9/2012 (25,000,000.00) 21,650,871.35 (26,747,381.94) 0.00 5,096,510.59 6/4/2012


CHASE & CO

TRBD 0.7500 0.3900 /

SALE5/9/2012 (50,000,000.00) 47,099,499.10 (50,210,937.50) 0.00 3,111,438.40 5/31/2012

519315 FED HM LN BK BD /CANTOR

FITZGERALD

AGNF1 1.3750 0.3151 /

SALE5/9/2012 (25,000,000.00) 23,413,516.81 (25,427,100.69) 0.00 2,013,583.88 6/8/2012

465043 BERKSHIRE

HATHAWAY INC

/RBC MTNF 0.8581 0.8254 /

INT5/11/2012 0.00 (2,447.75) 0.00 0.00 2,447.75 2/11/2013

INT5/11/2012 0.00 (37,763.37) 0.00 0.00 37,763.37 2/11/2013

556631 FANNIE MAE /RBC CALLGOVAGY 0.6000 0.5849 /

INT5/14/2012 0.00 (30,000.00) 0.00 0.00 30,000.00 11/14/2013

556632 FANNIE MAE /BNP PARIBAS CALLGOVAGY 0.6000 0.5799 /

INT5/14/2012 0.00 (75,000.00) 0.00 0.00 75,000.00 11/14/2013


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

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Page 19 of 37

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Date

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Interest

Settlement

Fund: Extended Fund

556891 FANNIE MAE /BANK OF

AMERICA

CALLGOVAGY 0.5500 0.5500 /

INT5/15/2012 0.00 (68,750.00) 0.00 0.00 68,750.00 11/15/2013

511021 COUNTY OF

ORANGE

/COUNTY OF

ORANGE

OCPOB2011A 1.8200 0.1106 /

SALE5/16/2012 (148,919,820.00) 0.00 (148,919,820.00) 0.00 5,796,885.50 6/27/2012

INT5/16/2012 0.00 (16,435.53) 0.00 0.00 16,435.53 6/27/2012


SALE5/21/2012 (25,000,000.00) 11,457,376.52 (26,747,381.94) 0.00 15,290,005.42 6/4/2012

558036 FANNIE MAE /CANTOR

FITZGERALD

CALLGOVAGY 0.5500 0.5903 /

INT5/21/2012 0.00 (41,250.00) 0.00 0.00 41,250.00 11/21/2013

591841 FED HM LN BK BD /JEFFERIES &

COMPANY

AGNF1 2.5000 0.4253 /

PURC5/21/2012 10,000,000.00 0.00 10,534,997.72 0.00 (10,534,997.72)6/13/2014

591842 FED HM LN BK BD /OPPENHEIMER

& CO., INC

AGNF1 2.5000 0.4252 /

PURC5/21/2012 10,000,000.00 0.00 10,535,022.22 0.00 (10,535,022.22)6/13/2014

406412 JP MORGAN

CHASE & CO

/JP MORGAN

CHASE & CO

MTNFDIC 2.2000 2.2200 /

SALE5/23/2012 (25,000,000.00) (288,336.39)(24,984,500.00) 0.00 25,272,836.39 6/15/2012


CHASE & CO

AGNF1 0.2000 0.2034 /

SALE5/23/2012 (25,000,000.00) (27,939.55)(25,000,841.67) 0.00 25,028,781.22 11/29/2012


CHASE & CO

AGNF1 0.2000 0.2034 /

SALE5/23/2012 (25,000,000.00) (27,939.55)(25,000,841.67) 0.00 25,028,781.22 11/29/2012

560856 FED HM LN BK BD /OPPENHEIMER

& CO., INC

AGNF1 0.2200 0.1474 /

SALE5/23/2012 (25,000,000.00) 9,588.39 (25,028,686.11) 0.00 25,019,097.72 8/24/2012

569415 FREDDIE MAC /CRED SUIS

SECURITIES

AGNF1 0.3750 0.4182 /

SALE5/23/2012 (50,000,000.00) (121,829.17)(49,955,520.83) 0.00 50,077,350.00 2/27/2014

592168 FED HM LN BK BD /BARCLAY

CAPITAL

CALLGOVAGY 0.7500 0.7500 /

PURC5/23/2012 25,000,000.00 0.00 25,000,000.00 0.00 (25,000,000.00)11/23/2015

592169 FANNIE MAE /RBC STEPGOVAGY 0.8500 0.7893 /

PURC5/23/2012 50,000,000.00 0.00 50,148,500.00 0.00 (50,148,500.00)5/23/2017


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





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Page 20 of 37

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Date

Purchased

Interest

Settlement

Fund: Extended Fund


CHASE & CO

STEPGOVAGY 0.8000 0.8000 /

PURC5/23/2012 25,000,000.00 0.00 25,000,000.00 0.00 (25,000,000.00)5/23/2017


SALE5/24/2012 (25,000,000.00) 21,650,688.88 (26,747,381.94) 0.00 5,096,693.06 6/4/2012

531472 FANNIE MAE /CANTOR

FITZGERALD

AGNF1 0.3750 0.4387 /

SALE5/24/2012 (50,000,000.00) 24,888,133.50 (49,953,020.83) 0.00 25,064,887.33 12/28/2012


FINANCIAL

SERVICES

AGNF1 0.2500 0.2500 /

INT5/24/2012 0.00 (23,333.33) 0.00 0.00 23,333.33 5/24/2013

560535 FED FARM CR BK /MESIROW

FINANCIAL

AGNF1 0.2500 0.2568 /

INT5/24/2012 0.00 (5,833.33) 0.00 0.00 5,833.33 5/24/2013

561384 FED FARM CR BK /OPPENHEIMER

& CO., INC

AGNF1 0.2500 0.2651 /

INT5/24/2012 0.00 (11,666.67) 0.00 0.00 11,666.67 5/24/2013

592692 FANNIE MAE / CALLGOVAGY 1.1250 0.3288 /

PURC5/24/2012 10,000,000.00 0.00 10,123,290.00 0.00 (10,123,290.00)10/8/2013

592693 FANNIE MAE /UBS

FINANCIAL

SERVICES

CALLGOVAGY 0.5000 0.5706 /

PURC5/24/2012 25,000,000.00 0.00 24,956,250.00 0.00 (24,956,250.00)11/24/2014

592694 FANNIE MAE / CALLGOVAGY 1.1250 0.3288 /

PURC5/24/2012 15,000,000.00 0.00 15,184,935.00 0.00 (15,184,935.00)10/8/2013

592695 FANNIE MAE /CRED SUIS

SECURITIES

CALLGOVAGY 0.5000 0.5706 /

PURC5/24/2012 50,000,000.00 0.00 49,912,500.00 0.00 (49,912,500.00)11/24/2014


SECURITIES

CALLGOVAGY 0.5000 0.5706 /

PURC5/24/2012 33,500,000.00 0.00 33,441,375.00 0.00 (33,441,375.00)11/24/2014


SECURITIES

CALLGOVAGY 0.5000 0.5707 /

PURC5/25/2012 5,000,000.00 0.00 4,991,319.44 0.00 (4,991,319.44)11/24/2014


STANLEY

AGNF1 0.3750 0.4990 /

INT5/27/2012 0.00 (75,000.00) 0.00 0.00 75,000.00 11/27/2013


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





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Page 21 of 37

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Date

Purchased

Interest

Settlement

Fund: Extended Fund

584829 FED HM LN BK BD /STERNE AGEE

& LEACH

AGNF1 1.3750 0.3659 /

INT5/28/2012 0.00 (68,750.00) 0.00 0.00 68,750.00 5/28/2014


STANLEY

AGNF1 0.3750 0.4068 /

SALE5/29/2012 (6,000,000.00) (16,811.00)(5,999,112.50) 0.00 6,015,923.50 12/28/2012


SECURITIES

AGNF1 1.1250 0.5306 /

SALE5/29/2012 (15,000,000.00) (9,157.50)(15,178,248.75) 0.00 15,187,406.25 10/8/2013

557815 FANNIE MAE /BANK OF

AMERICA

AGNF1 1.5000 0.3861 /

SALE5/29/2012 (30,000,000.00) 122,450.00 (30,711,800.00) 0.00 30,589,350.00 6/26/2013

559202 FREDDIE MAC /RBC CALLGOVAGY 0.5000 0.6512 /

INT5/29/2012 0.00 (62,500.00) 0.00 0.00 62,500.00 11/29/2013


FINANCIAL

SERVICES

CALLGOVAGY 0.7000 0.7000 /

PURC5/29/2012 15,000,000.00 0.00 15,000,000.00 0.00 (15,000,000.00)5/29/2015


SECURITIES

CALLGOVAGY 0.7000 0.7000 /

PURC5/29/2012 10,000,000.00 0.00 10,000,000.00 0.00 (10,000,000.00)5/29/2015


STANLEY

CALLGOVAGY 0.7000 0.7000 /

PURC5/29/2012 25,000,000.00 0.00 25,000,000.00 0.00 (25,000,000.00)5/29/2015

511021 COUNTY OF

ORANGE

/COUNTY OF

ORANGE

OCPOB2011A 1.8200 0.1106 /

SALE5/31/2012 (148,919,820.00) 0.00 (148,919,820.00) 0.00 5,800,107.51 6/27/2012

INT5/31/2012 0.00 (13,213.52) 0.00 0.00 13,213.52 6/27/2012

525210 US TREASURY N/B /BNP PARIBAS TRBD 0.5000 0.3162 /

INT5/31/2012 0.00 (92,500.00) 0.00 0.00 92,500.00 11/30/2012

(100,433,868.00) 148,911,128.85 (478,037,998.12)(473,920,460.00) Sub Total: 191,055.77

Fund: Educational Money Mkt Fnd


CHASE & CO

AGN FLOAT1 0.1840 0.0971 /

INT5/1/2012 0.00 (2,265.63) 0.00 0.00 2,265.63 5/1/2012

MAT5/1/2012 (15,000,000.00) 2,533.33 (15,002,533.33) 0.00 15,000,000.00 5/1/2012


SECURITIES

AGNF1 1.3750 0.1159 /


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





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Page 22 of 37

Trans

Date

Purchased

Interest

Settlement


PURC5/1/2012 15,000,000.00 0.00 15,101,277.08 0.00 (15,101,277.08)6/8/2012

588017 FANNIE MAE /BNP PARIBAS AGNF1 4.8750 0.1015 /

PURC5/1/2012 20,000,000.00 0.00 20,486,518.32 0.00 (20,486,518.33)5/18/2012

511019 COUNTY OF

ORANGE

/COUNTY OF

ORANGE

OCPOB2011A 1.8200 0.1106 /

SALE5/2/2012 (63,500,000.00) 0.00 (63,500,000.00) 0.00 2,470,066.64 6/27/2012

INT5/2/2012 0.00 (8,756.43) 0.00 0.00 8,756.43 6/27/2012


CANADA

/RBC YCDF 0.4653 0.4653 /

INT5/2/2012 0.00 (7,687.50) 0.00 0.00 7,687.50 11/2/2012


CORP

/CRED SUIS

SECURITIES

CP 0.0600 0.0600 /

MAT5/2/2012 (22,000,000.00) (440.00)(21,999,560.00) 0.00 22,000,000.00 5/2/2012

586852 WAL-MART

STORES INC

/CRED SUIS

SECURITIES

CP 0.0600 0.0600 /

MAT5/2/2012 (50,000,000.00) (583.33)(49,999,416.67) 0.00 50,000,000.00 5/2/2012


COMPANY

AGDN 0.1500 0.1500 /

PURC5/2/2012 15,000,000.00 0.00 14,998,250.00 0.00 (14,998,250.00)5/30/2012


COMPANY

AGDN 0.1500 0.1501 /

PURC5/2/2012 15,000,000.00 0.00 14,988,687.50 0.00 (14,988,687.50)10/30/2012

588336 WAL-MART

STORES INC

/CRED SUIS

SECURITIES

CP 0.0900 0.0900 /

PURC5/2/2012 19,500,000.00 0.00 19,498,635.00 0.00 (19,498,635.00)5/30/2012


CHASE & CO

AGNF1 1.2500 0.1010 /

PURC5/2/2012 20,000,000.00 0.00 20,124,943.56 0.00 (20,124,943.56)5/3/2012

586545 US TREASURY N/B /BARCLAY

CAPITAL

TBILL 0.0600 0.0600 /

MAT5/3/2012 (50,000,000.00) (750.00)(49,999,250.00) 0.00 50,000,000.00 5/3/2012


SECURITIES

CALLGOVAGY 1.4000 1.3948 /


INT5/3/2012 0.00 (16,030.00) 0.00 0.00 16,030.00 4/3/2017


CHASE & CO

AGNF1 1.2500 0.1010 /

INT5/3/2012 0.00 (156,250.00) 0.00 0.00 156,250.00 5/3/2012

MAT5/3/2012 (25,000,000.00) 156,038.33 (25,156,038.33) 0.00 25,000,000.00 5/3/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





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Page 23 of 37

Trans

Date

Purchased

Interest

Settlement



CHASE & CO

AGNF1 1.2500 0.1010 /

INT5/3/2012 0.00 (125,000.00) 0.00 0.00 125,000.00 5/3/2012

MAT5/3/2012 (20,000,000.00) 124,943.56 (20,124,943.56) 0.00 20,000,000.00 5/3/2012

588564 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.0900 0.0900 /

PURC5/3/2012 50,000,000.00 0.00 49,999,125.00 0.00 (49,999,125.00)5/10/2012


CHASE & CO

AGDN 0.0950 0.0950 /

MAT5/4/2012 (15,000,000.00) (831.25)(14,999,168.75) 0.00 15,000,000.00 5/4/2012



INT5/4/2012 0.00 (9,326.67) 0.00 0.00 9,326.67 4/4/2017

543327 FED FARM CR BK /BNP PARIBAS AGN FLOAT1 0.2251 0.1792 /

INT5/7/2012 0.00 (1,088.54) 0.00 0.00 1,088.54 9/7/2012


CAPITAL

CP 0.0700 0.0700 /

MAT5/7/2012 (25,000,000.00) (680.56)(24,999,319.44) 0.00 25,000,000.00 5/7/2012


SALE5/7/2012 (25,000,000.00) (1,111.11)(24,998,055.56) 0.00 24,999,166.67 5/23/2012


CANADA

/BARCLAYS

CAPITAL

YCDSA 2.2500 0.3934 /

PURC5/7/2012 18,000,000.00 0.00 18,343,620.00 0.00 (18,343,620.00)3/15/2013

589251 GENERAL ELEC

CAP CORP

/JP MORGAN

CHASE & CO

MTNFDIC 2.2000 0.1207 /

PURC5/7/2012 12,000,000.00 0.00 12,130,698.67 0.00 (12,130,698.67)6/8/2012


SECURITIES

AGN FLOAT3 0.3760 0.1230 /

INT5/7/2012 0.00 (190.00) 0.00 0.00 190.00 7/2/2012

PURC5/7/2012 15,000,000.00 0.00 15,011,183.09 0.00 (15,011,183.08)7/2/2012


FINANCIAL

SERVICES

STEPGOVAGY 0.1000 0.1328 /


INT5/9/2012 0.00 (1,250.00) 0.00 0.00 1,250.00 2/8/2013

586508 FNMA DISCOUNT /GREENWICH

CAPITAL

MARKETS

AGDN 0.0600 0.0600 /


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 24 of 37

Trans

Date

Purchased

Interest

Settlement


MAT5/9/2012 (9,500,000.00) (237.50)(9,499,762.50) 0.00 9,500,000.00 5/9/2012

586521 FREDDIE

DISCOUNT

/UBS

FINANCIAL

SERVICES

AGDN 0.0600 0.0600 /

MAT5/10/2012 (50,000,000.00) (1,333.33)(49,998,666.67) 0.00 50,000,000.00 5/10/2012

586529 FREDDIE

DISCOUNT

/UBS

FINANCIAL

SERVICES

AGDN 0.0800 0.0800 /

MAT5/10/2012 (25,000,000.00) (888.89)(24,999,111.11) 0.00 25,000,000.00 5/10/2012

588564 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.0900 0.0900 /

MAT5/10/2012 (50,000,000.00) (875.00)(49,999,125.00) 0.00 50,000,000.00 5/10/2012


PURC5/10/2012 10,000,000.00 0.00 9,999,190.00 0.00 (9,999,190.00)5/10/2013


CHASE & CO

STEPGOVAGY 0.2500 0.2489 /

PURC5/10/2012 10,000,000.00 0.00 10,001,907.22 0.00 (10,001,907.22)4/17/2015

585243 FREDDIE MAC /DEUTSCHE AGN FLOAT1 0.2213 0.1162 /

INT5/11/2012 0.00 (2,876.25) 0.00 0.00 2,876.25 5/11/2012

MAT5/11/2012 (15,600,000.00) 1,667.25 (15,601,667.25) 0.00 15,600,000.00 5/11/2012


SECURITIES

AGN FLOAT1 0.2302 0.1216 /

INT5/13/2012 0.00 (2,878.13) 0.00 0.00 2,878.13 8/13/2012

581781 FREDDIE

DISCOUNT

/UBS

FINANCIAL

SERVICES

AGDN 0.0700 0.0700 /

MAT5/14/2012 (6,000,000.00) (536.67)(5,999,463.33) 0.00 6,000,000.00 5/14/2012

586975 FNMA DISCOUNT /FTN FINANCIAL AGDN 0.0800 0.0800 /

MAT5/14/2012 (37,000,000.00) (1,480.00)(36,998,520.00) 0.00 37,000,000.00 5/14/2012


SECURITIES

AGNF1 5.7500 0.0602 /

INT5/15/2012 0.00 (325,018.75) 0.00 0.00 325,018.75 5/15/2012

MAT5/15/2012 (11,305,000.00) 322,161.73 (11,627,161.73) 0.00 11,305,000.00 5/15/2012

590588 FHLB DISC CORP /FTN FINANCIAL AGDN 0.1000 0.1000 /

PURC5/15/2012 25,000,000.00 0.00 24,999,930.55 0.00 (24,999,930.56)5/16/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 25 of 37

Trans

Date

Purchased

Interest

Settlement


590779 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.1500 0.1500 /

PURC5/15/2012 50,000,000.00 0.00 49,999,791.65 0.00 (49,999,791.67)5/16/2012

590780 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.1500 0.1500 /

PURC5/15/2012 20,000,000.00 0.00 19,999,916.66 0.00 (19,999,916.67)5/16/2012

511019 COUNTY OF

ORANGE

/COUNTY OF

ORANGE

OCPOB2011A 1.8200 0.1106 /

SALE5/16/2012 (63,500,000.00) 0.00 (63,500,000.00) 0.00 2,471,814.90 6/27/2012

INT5/16/2012 0.00 (7,008.17) 0.00 0.00 7,008.17 6/27/2012



INT5/16/2012 0.00 (5,625.00) 0.00 0.00 5,625.00 8/30/2012

585286 FHLB DISC CORP /GREENWICH

CAPITAL

AGDN 0.0900 0.0900 /

MAT5/16/2012 (15,000,000.00) (1,050.00)(14,998,950.00) 0.00 15,000,000.00 5/16/2012

585297 FREDDIE

DISCOUNT

/CITIGROUP

GLOBAL

MARKETS

AGDN 0.0650 0.0650 /

MAT5/16/2012 (15,000,000.00) (758.33)(14,999,241.67) 0.00 15,000,000.00 5/16/2012

590588 FHLB DISC CORP /FTN FINANCIAL AGDN 0.1000 0.1000 /

MAT5/16/2012 (25,000,000.00) (69.44)(24,999,930.56) 0.00 25,000,000.00 5/16/2012

590779 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.1500 0.1500 /

MAT5/16/2012 (50,000,000.00) (208.33)(49,999,791.67) 0.00 50,000,000.00 5/16/2012

590780 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.1500 0.1500 /

MAT5/16/2012 (20,000,000.00) (83.33)(19,999,916.67) 0.00 20,000,000.00 5/16/2012


STANLEY

AGDN 0.0800 0.0800 /

PURC5/16/2012 50,000,000.00 0.00 49,999,888.90 0.00 (49,999,888.89)5/17/2012


SECURITIES

AGN FLOAT1 0.2402 0.1847 /

INT5/17/2012 0.00 (2,487.32) 0.00 0.00 2,487.32 9/17/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 26 of 37

Trans

Date

Purchased

Interest

Settlement



CHASE & CO

STEPGOVAGY 0.2500 0.2489 /


INT5/17/2012 0.00 (2,083.33) 0.00 0.00 2,083.33 4/17/2015


STANLEY

AGDN 0.0800 0.0800 /

MAT5/17/2012 (50,000,000.00) (111.11)(49,999,888.89) 0.00 50,000,000.00 5/17/2012


CHASE & CO

AGNF1 1.1250 0.0805 /

PURC5/17/2012 27,855,000.00 0.00 28,011,621.70 0.00 (28,011,621.71)5/18/2012


STANLEY

AGDN 0.0700 0.0700 /

PURC5/17/2012 20,000,000.00 0.00 19,999,961.10 0.00 (19,999,961.11)5/18/2012


SECURITIES

CALLGOVAGY 0.3100 0.3100 /

PURC5/17/2012 5,000,000.00 0.00 5,003,013.89 0.00 (5,003,013.89)12/17/2012


FINANCIAL

SERVICES

AGNF1 4.8750 0.0904 /

INT5/18/2012 0.00 (455,081.25) 0.00 0.00 455,081.25 5/18/2012

MAT5/18/2012 (18,670,000.00) 452,728.83 (19,122,728.83) 0.00 18,670,000.00 5/18/2012


INT5/18/2012 0.00 (487,500.00) 0.00 0.00 487,500.00 5/18/2012

MAT5/18/2012 (20,000,000.00) 486,518.33 (20,486,518.33) 0.00 20,000,000.00 5/18/2012


CHASE & CO

AGNF1 1.1250 0.0805 /

INT5/18/2012 0.00 (156,684.38) 0.00 0.00 156,684.38 5/18/2012

MAT5/18/2012 (27,855,000.00) 156,621.71 (28,011,621.71) 0.00 27,855,000.00 5/18/2012


STANLEY

AGDN 0.0700 0.0700 /

MAT5/18/2012 (20,000,000.00) (38.89)(19,999,961.11) 0.00 20,000,000.00 5/18/2012

591566 AUTOMATIC

DATA

PROCESSING, INC

/BARCLAYS

CAPITAL

CP 0.1600 0.1600 /

PURC5/18/2012 50,000,000.00 0.00 49,998,666.65 0.00 (49,998,666.67)5/24/2012

591567 AUTOMATIC

DATA

PROCESSING, INC

/BARCLAYS

CAPITAL

CP 0.1600 0.1600 /

PURC5/18/2012 20,000,000.00 0.00 19,999,466.66 0.00 (19,999,466.67)5/24/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





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Page 27 of 37

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Date

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Settlement


546951 TORONTO

DOMINION BANK

NY

/TDSI YCDF 0.3007 0.3007 /

INT5/21/2012 0.00 (6,022.92) 0.00 0.00 6,022.92 9/21/2012

586972 FREDDIE

DISCOUNT

/BANK OF

AMERICA

AGDN 0.0900 0.0900 /

MAT5/21/2012 (14,758,000.00) (922.37)(14,757,077.63) 0.00 14,758,000.00 5/21/2012

586974 FREDDIE

DISCOUNT

/BNP PARIBAS AGDN 0.0800 0.0800 /

MAT5/21/2012 (7,200,000.00) (400.00)(7,199,600.00) 0.00 7,200,000.00 5/21/2012

591836 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.1500 0.1500 /

PURC5/21/2012 10,000,000.00 0.00 9,999,958.33 0.00 (9,999,958.33)5/22/2012

591838 FANNIE MAE /JP MORGAN

CHASE & CO

STEPGOVAGY 2.0000 1.9992 /

PURC5/21/2012 17,875,000.00 0.00 18,053,630.04 0.00 (18,053,630.04)11/23/2026


PURC5/21/2012 40,000,000.00 0.00 40,016,264.00 0.00 (40,016,264.00)4/24/2014


FINANCIAL

SERVICES

CALLGOVAGY 0.2700 0.2700 /

PURC5/21/2012 15,000,000.00 0.00 15,000,000.00 0.00 (15,000,000.00)6/21/2013

585047 FREDDIE

DISCOUNT

/JEFFERIES &

COMPANY

AGDN 0.1200 0.1200 /

MAT5/22/2012 (6,000,000.00) (700.00)(5,999,300.00) 0.00 6,000,000.00 5/22/2012


SALE5/22/2012 (25,000,000.00) (1,401.39)(24,998,522.22) 0.00 24,999,923.61 5/24/2012

591836 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.1500 0.1500 /

MAT5/22/2012 (10,000,000.00) (41.67)(9,999,958.33) 0.00 10,000,000.00 5/22/2012


FINANCIAL

SERVICES

AGDN 0.0700 0.0700 /

PURC5/22/2012 50,000,000.00 0.00 49,999,902.80 0.00 (49,999,902.78)5/23/2012


SECURITIES

AGN FLOAT1 0.2647 0.1468 /

INT5/23/2012 0.00 (2,109.39) 0.00 0.00 2,109.39 8/23/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





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Page 28 of 37

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Settlement


563251 FNMA DISCOUNT /CRED SUIS

SECURITIES

AGDN 0.0600 0.0600 /

MAT5/23/2012 (8,450,000.00) (2,182.92)(8,447,817.08) 0.00 8,450,000.00 5/23/2012

582620 FANNIE MAE /GOLDMAN

SACHS GROUP

INC

AGN FLOAT1 0.3205 0.1689 /

INT5/23/2012 0.00 (1,152.79) 0.00 0.00 1,152.79 11/23/2012

INT5/23/2012 0.00 (17,055.00) 0.00 0.00 17,055.00 11/23/2012


MAT5/23/2012 (25,000,000.00) (1,968.75)(24,998,031.25) 0.00 25,000,000.00 5/23/2012


CHASE & CO

STEPGOVAGY 2.0000 1.9992 /


INT5/23/2012 0.00 (178,750.00) 0.00 0.00 178,750.00 11/23/2026


FINANCIAL

SERVICES

AGDN 0.0700 0.0700 /

MAT5/23/2012 (50,000,000.00) (97.22)(49,999,902.78) 0.00 50,000,000.00 5/23/2012

592151 WAL-MART

STORES INC

/BARCLAYS

CAPITAL

CP 0.1000 0.1000 /

PURC5/23/2012 20,000,000.00 0.00 19,999,555.56 0.00 (19,999,555.56)5/31/2012

592162 MORGAN

STANLEY

/RBC MTNFFDIC 0.8236 0.1500 /

PURC5/23/2012 10,000,000.00 0.00 10,019,879.87 0.00 (10,019,879.87)6/20/2012


PURC5/23/2012 5,000,000.00 0.00 5,000,000.00 0.00 (5,000,000.00)6/21/2013

591566 AUTOMATIC

DATA

PROCESSING, INC

/BARCLAYS

CAPITAL

CP 0.1600 0.1600 /

MAT5/24/2012 (50,000,000.00) (1,333.33)(49,998,666.67) 0.00 50,000,000.00 5/24/2012

591567 AUTOMATIC

DATA

PROCESSING, INC

/BARCLAYS

CAPITAL

CP 0.1600 0.1600 /

MAT5/24/2012 (20,000,000.00) (533.33)(19,999,466.67) 0.00 20,000,000.00 5/24/2012



INT5/24/2012 0.00 (16,666.67) 0.00 0.00 16,666.67 4/24/2014



(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





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Page 29 of 37

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Date

Purchased

Interest

Settlement


PURC5/24/2012 50,000,000.00 0.00 49,999,916.65 0.00 (49,999,916.67)5/25/2012

592691 FED HM LN BK BD /FTN FINANCIAL AGNF1 0.2600 0.2886 /

PURC5/24/2012 6,050,000.00 0.00 6,048,228.69 0.00 (6,048,228.69)6/12/2013


COMPANY

AGDN 0.1500 0.1501 /

SALE5/25/2012 (15,000,000.00) 4,994,831.94 (14,988,687.50) 0.00 9,993,855.56 10/30/2012


MAT5/25/2012 (50,000,000.00) (83.33)(49,999,916.67) 0.00 50,000,000.00 5/25/2012


PURC5/25/2012 15,000,000.00 0.00 15,000,000.00 0.00 (15,000,000.00)6/10/2013

592962 GENERAL ELEC

CAP CORP

/CASTLE OAK

SECURITIES

MTNFFDIC 0.7745 0.1340 /

PURC5/25/2012 25,000,000.00 0.00 25,048,179.80 0.00 (25,048,179.79)6/8/2012


SECURITIES

STEPGOVAGY 2.3750 2.3705 /

PURC5/25/2012 10,000,000.00 0.00 10,118,551.67 0.00 (10,118,551.67)12/1/2021


CORP

/CRED SUIS

SECURITIES

CP 0.0800 0.0800 /

PURC5/25/2012 50,000,000.00 0.00 49,999,555.55 0.00 (49,999,555.56)5/29/2012

592973 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.1400 0.1400 /

PURC5/25/2012 50,000,000.00 0.00 49,999,222.20 0.00 (49,999,222.22)5/29/2012

541739 FANNIE MAE /DEUTSCHE AGN FLOAT1 0.1773 0.1567 /

INT5/26/2012 0.00 (4,765.63) 0.00 0.00 4,765.63 7/26/2012


SECURITIES

AGN FLOAT1 0.2347 0.1417 /

INT5/26/2012 0.00 (1,772.81) 0.00 0.00 1,772.81 7/26/2012


STANLEY

AGN FLOAT1 0.2472 0.1036 /

INT5/26/2012 0.00 (9,531.25) 0.00 0.00 9,531.25 7/26/2012


CHASE & CO

AGN FLOAT1 0.2600 0.1590 /

INT5/28/2012 0.00 (32,500.00) 0.00 0.00 32,500.00 8/28/2012


CORP

/CRED SUIS

SECURITIES

CP 0.0800 0.0800 /

MAT5/29/2012 (50,000,000.00) (444.44)(49,999,555.56) 0.00 50,000,000.00 5/29/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





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Page 30 of 37

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Date

Purchased

Interest

Settlement


592973 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.1400 0.1400 /

MAT5/29/2012 (50,000,000.00) (777.78)(49,999,222.22) 0.00 50,000,000.00 5/29/2012


CORP

/CITIGROUP

GLOBAL

MARKETS

CP 0.1000 0.1000 /

PURC5/29/2012 50,000,000.00 0.00 49,999,861.10 0.00 (49,999,861.11)5/30/2012

593036 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.1400 0.1400 /

PURC5/29/2012 6,899,000.00 0.00 6,898,973.17 0.00 (6,898,973.17)5/30/2012

563252 FNMA DISCOUNT /CRED SUIS

SECURITIES

AGDN 0.0600 0.0600 /

MAT5/30/2012 (11,713,000.00) (3,162.51)(11,709,837.49) 0.00 11,713,000.00 5/30/2012


SALE5/30/2012 (15,000,000.00) (9,951.10)(14,996,058.33) 0.00 15,006,009.43 2/15/2013

586549 FREDDIE MAC /CRED SUIS

SECURITIES

AGNF1 0.3750 0.1681 /

INT5/30/2012 0.00 (46,875.00) 0.00 0.00 46,875.00 11/30/2012

587231 FREDDIE

DISCOUNT

/GOLDMAN

SACHS

AGDN 0.1000 0.1000 /

MAT5/30/2012 (24,272,000.00) (2,224.93)(24,269,775.07) 0.00 24,272,000.00 5/30/2012


COMPANY

AGDN 0.1500 0.1500 /

MAT5/30/2012 (15,000,000.00) (1,750.00)(14,998,250.00) 0.00 15,000,000.00 5/30/2012

588336 WAL-MART

STORES INC

/CRED SUIS

SECURITIES

CP 0.0900 0.0900 /

MAT5/30/2012 (19,500,000.00) (1,365.00)(19,498,635.00) 0.00 19,500,000.00 5/30/2012


CORP

/CITIGROUP

GLOBAL

MARKETS

CP 0.1000 0.1000 /

MAT5/30/2012 (50,000,000.00) (138.89)(49,999,861.11) 0.00 50,000,000.00 5/30/2012

593036 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.1400 0.1400 /

MAT5/30/2012 (6,899,000.00) (26.83)(6,898,973.17) 0.00 6,899,000.00 5/30/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 31 of 37

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Settlement



FINANCIAL

SERVICES

TBILL 0.0400 0.0400 /

PURC5/30/2012 50,000,000.00 0.00 49,999,944.45 0.00 (49,999,944.44)5/31/2012


CHASE & CO

CALLGOVAGY 0.7500 0.7432 /

PURC5/30/2012 2,000,000.00 0.00 2,007,453.00 0.00 (2,007,453.00)12/6/2013

511019 COUNTY OF

ORANGE

/COUNTY OF

ORANGE

OCPOB2011A 1.8200 0.1106 /

SALE5/31/2012 (63,500,000.00) 0.00 (63,500,000.00) 0.00 2,473,188.77 6/27/2012

INT5/31/2012 0.00 (5,634.30) 0.00 0.00 5,634.30 6/27/2012


CHASE & CO

AGNF1 0.1700 0.2135 /

SALE5/31/2012 (15,000,000.00) (9,582.50)(14,994,567.50) 0.00 15,004,150.00 2/15/2013

586499 JOHNSON &

JOHNSON

/CITIGROUP

GLOBAL

MARKETS

CP 0.0700 0.0700 /

MAT5/31/2012 (43,000,000.00) (3,093.61)(42,996,906.39) 0.00 43,000,000.00 5/31/2012

586542 TORONTO

DOMINION BANK

NY

/TDSI YCD 0.1200 0.1200 /

INT5/31/2012 0.00 (1,850.00) 0.00 0.00 1,850.00 5/31/2012

MAT5/31/2012 (15,000,000.00) 0.00 (15,000,000.00) 0.00 15,000,000.00 5/31/2012


CANADA

/RBC YCD 0.1100 0.1100 /

INT5/31/2012 0.00 (2,826.39) 0.00 0.00 2,826.39 5/31/2012

MAT5/31/2012 (25,000,000.00) 0.00 (25,000,000.00) 0.00 25,000,000.00 5/31/2012

586550 US TREASURY N/B /JEFFERIES &

COMPANY

TBILL 0.0650 0.0650 /

MAT5/31/2012 (25,000,000.00) (1,670.14)(24,998,329.86) 0.00 25,000,000.00 5/31/2012

587538 US TREASURY N/B /DEUTSCHE TRBD 0.7500 0.1075 /

INT5/31/2012 0.00 (509.51) 0.00 0.00 509.51 5/31/2012

INT5/31/2012 0.00 (94,259.51) 0.00 0.00 94,259.51 5/31/2012

MAT5/31/2012 (25,000,000.00) 13,671.88 (25,013,671.88) 0.00 25,000,000.00 5/31/2012

592151 WAL-MART

STORES INC

/BARCLAYS

CAPITAL

CP 0.1000 0.1000 /

MAT5/31/2012 (20,000,000.00) (444.44)(19,999,555.56) 0.00 20,000,000.00 5/31/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 32 of 37

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Date

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Interest

Settlement



FINANCIAL

SERVICES

TBILL 0.0400 0.0400 /

MAT5/31/2012 (50,000,000.00) (55.56)(49,999,944.44) 0.00 50,000,000.00 5/31/2012

596,262,718.67 4,457,929.26 (783,805,577.73)(783,653,000.00) Sub Total: 0.00

Fund: 283-John Wayne Airport


CHASE & CO

AGN FLOAT1 0.1840 0.0971 /

INT5/1/2012 0.00 (302.08) 0.00 0.00 302.08 5/1/2012

MAT5/1/2012 (2,000,000.00) 337.78 (2,000,337.78) 0.00 2,000,000.00 5/1/2012


CHASE & CO

CALLGOVAGY 0.4000 0.3507 /

INT5/1/2012 0.00 (1,000.00) 0.00 0.00 1,000.00 5/1/2013

584259 FNMA DISCOUNT /JEFFERIES &

COMPANY

AGDN 0.1000 0.1000 /

MAT5/1/2012 (1,500,000.00) 499,920.83 (1,499,920.83) 0.00 1,000,000.00 5/1/2012


PURC5/1/2012 2,000,000.00 0.00 2,048,651.83 0.00 (2,048,651.83)5/18/2012


SECURITIES

AGDN 0.0900 0.0900 /

MAT5/2/2012 (1,000,000.00) 499,952.50 (999,952.50) 0.00 500,000.00 5/2/2012


STANLEY

CALLGOVAGY 1.3400 1.3295 /

CALL REPAY PRINCIPAL5/2/2012 (100,000.00) 0.00 (100,668.33) 0.00 100,668.33 5/2/2014

INT5/2/2012 0.00 (670.00) 0.00 0.00 670.00 5/2/2014

588335 WAL-MART

STORES INC

/CRED SUIS

SECURITIES

CP 0.0900 0.0900 /

PURC5/2/2012 1,500,000.00 0.00 1,499,895.00 0.00 (1,499,895.00)5/30/2012

587241 FREDDIE MAC /MORGAN

STANLEY

CALLGOVAGY 1.0000 0.9939 /

CALL REPAY PRINCIPAL5/3/2012 (105,000.00) 0.00 (105,523.24) 0.00 105,523.24 11/3/2014

INT5/3/2012 0.00 (525.00) 0.00 0.00 525.00 11/3/2014

588563 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.0900 0.0900 /

PURC5/3/2012 500,000.00 0.00 499,991.25 0.00 (499,991.25)5/10/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 33 of 37

Trans

Date

Purchased

Interest

Settlement


554221 TORONTO

DOMINION BANK

NY

/TDSI YCDF 0.2594 0.2884 /

INT5/4/2012 0.00 (435.42) 0.00 0.00 435.42 5/4/2012

MAT5/4/2012 (2,000,000.00) 93.16 (2,000,093.16) 0.00 2,000,000.00 5/4/2012


SECURITIES

AGDN 0.1000 0.1000 /

PURC5/4/2012 1,000,000.00 0.00 999,927.78 0.00 (999,927.78)5/30/2012

588996 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.0900 0.0900 /

PURC5/4/2012 1,000,000.00 0.00 999,985.00 0.00 (999,985.00)5/10/2012

557497 FED FARM CR BK /JP MORGAN

CHASE & CO

AGN FLOAT1 0.1811 0.1610 /

INT5/8/2012 0.00 (52.56) 0.00 0.00 52.56 8/8/2012

INT5/8/2012 0.00 (412.75) 0.00 0.00 412.75 8/8/2012

576282 FREDDIE

DISCOUNT


SALE5/9/2012 (975,000.00) 474,751.52 (974,734.85) 0.00 499,983.33 5/29/2012


SALE5/9/2012 (1,500,000.00) 999,893.55 (1,499,881.88) 0.00 499,988.33 5/23/2012


FINANCIAL

SERVICES

AGNF1 0.2200 0.2223 /

PURC5/9/2012 1,000,000.00 0.00 1,000,236.67 0.00 (1,000,236.67)3/27/2013

588563 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.0900 0.0900 /

MAT5/10/2012 (500,000.00) (8.75)(499,991.25) 0.00 500,000.00 5/10/2012

588996 AUTOMATIC

DATA

PROCESSING, INC

/DEUTSCHE CP 0.0900 0.0900 /

MAT5/10/2012 (1,000,000.00) (15.00)(999,985.00) 0.00 1,000,000.00 5/10/2012


CHASE & CO

STEPGOVAGY 0.2500 0.2489 /

PURC5/10/2012 1,500,000.00 0.00 1,500,286.08 0.00 (1,500,286.08)4/17/2015

542259 US BANCORP /UBS

FINANCIAL

SERVICES

MTNFDIC 1.8000 0.2138 /


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 34 of 37

Trans

Date

Purchased

Interest

Settlement


INT5/15/2012 0.00 (9,000.00) 0.00 0.00 9,000.00 5/15/2012

MAT5/15/2012 (1,000,000.00) 16,440.00 (1,016,440.00) 0.00 1,000,000.00 5/15/2012

583131 US BANCORP /JP MORGAN

CHASE & CO

MTNFDIC 1.8000 0.1401 /

INT5/15/2012 0.00 (9,000.00) 0.00 0.00 9,000.00 5/15/2012

MAT5/15/2012 (1,000,000.00) 8,843.00 (1,008,843.00) 0.00 1,000,000.00 5/15/2012

590778 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.1500 0.1500 /

PURC5/15/2012 2,000,000.00 0.00 1,999,991.67 0.00 (1,999,991.67)5/16/2012


CANADA

/JP MORGAN

CHASE & CO

YCDF 0.5076 0.2361 /

INT5/16/2012 0.00 (1,269.00) 0.00 0.00 1,269.00 5/16/2012

MAT5/16/2012 (1,000,000.00) 901.40 (1,000,901.40) 0.00 1,000,000.00 5/16/2012

590778 AUTOMATIC

DATA

PROCESSING, INC

/BANK OF

AMERICA

CP 0.1500 0.1500 /

MAT5/16/2012 (2,000,000.00) (8.33)(1,999,991.67) 0.00 2,000,000.00 5/16/2012

591043 FNMA DISCOUNT /JP MORGAN

CHASE & CO

AGDN 0.0800 0.0800 /

PURC5/16/2012 3,000,000.00 0.00 2,999,953.33 0.00 (2,999,953.33)5/23/2012


CHASE & CO

STEPGOVAGY 0.2500 0.2489 /


INT5/17/2012 0.00 (312.50) 0.00 0.00 312.50 4/17/2015

591043 FNMA DISCOUNT /JP MORGAN

CHASE & CO

AGDN 0.0800 0.0800 /

SALE5/17/2012 (3,000,000.00) (16.67)(2,999,953.33) 0.00 2,999,970.00 5/23/2012


SECURITIES

AGN FLOAT1 0.1998 0.1838 /

PURC5/17/2012 1,500,000.00 0.00 1,500,418.90 0.00 (1,500,418.90)3/21/2013


PURC5/17/2012 3,000,000.00 0.00 2,999,813.33 0.00 (2,999,813.33)6/14/2012


CHASE & CO

AGN FLOAT1 0.2718 0.1380 /

INT5/18/2012 0.00 (449.58) 0.00 0.00 449.58 10/18/2012


CHASE & CO

AGNF1 1.1250 0.1100 /

INT5/18/2012 0.00 (11,250.00) 0.00 0.00 11,250.00 5/18/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 35 of 37

Trans

Date

Purchased

Interest

Settlement


MAT5/18/2012 (2,000,000.00) 11,016.40 (2,011,016.40) 0.00 2,000,000.00 5/18/2012


INT5/18/2012 0.00 (48,750.00) 0.00 0.00 48,750.00 5/18/2012

MAT5/18/2012 (2,000,000.00) 48,651.83 (2,048,651.83) 0.00 2,000,000.00 5/18/2012

591399 FNMA DISCOUNT /BANK OF

AMERICA

AGDN 0.1000 0.1000 /

PURC5/18/2012 2,000,000.00 0.00 1,999,983.33 0.00 (1,999,983.33)5/21/2012

591568 AUTOMATIC

DATA

PROCESSING, INC

/BARCLAYS

CAPITAL

CP 0.1600 0.1600 /

PURC5/18/2012 2,000,000.00 0.00 1,999,946.67 0.00 (1,999,946.67)5/24/2012


CHASE & CO

AGN FLOAT1 0.1837 0.1635 /

INT5/20/2012 0.00 (396.88) 0.00 0.00 396.88 8/20/2012


STANLEY

AGN FLOAT3 0.1660 0.1751 /

INT5/20/2012 0.00 (434.63) 0.00 0.00 434.63 11/20/2012


CHASE & CO

AGN FLOAT1 0.1837 0.1635 /

INT5/21/2012 0.00 (26.46) 0.00 0.00 26.46 8/20/2012


STANLEY

AGN FLOAT3 0.1660 0.1751 /

INT5/21/2012 0.00 (16.15) 0.00 0.00 16.15 11/20/2012

583723 WAL-MART

STORES INC

/BARCLAYS

CAPITAL

CP 0.1000 0.1000 /

MAT5/21/2012 (550,000.00) (62.64)(549,937.36) 0.00 550,000.00 5/21/2012


SECURITIES

AGN FLOAT1 0.1998 0.1838 /

INT5/21/2012 0.00 (249.69) 0.00 0.00 249.69 3/21/2013

591399 FNMA DISCOUNT /BANK OF

AMERICA

AGDN 0.1000 0.1000 /

MAT5/21/2012 (2,000,000.00) (16.67)(1,999,983.33) 0.00 2,000,000.00 5/21/2012


FINANCIAL

SERVICES

CALLGOVAGY 0.2700 0.2700 /

PURC5/21/2012 1,000,000.00 0.00 1,000,000.00 0.00 (1,000,000.00)6/21/2013



INT5/23/2012 0.00 (500.00) 0.00 0.00 500.00 11/23/2012


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 36 of 37

Trans

Date

Purchased

Interest

Settlement



MAT5/23/2012 (1,500,000.00) 499,881.88 (1,499,881.88) 0.00 1,000,000.00 5/23/2012


PURC5/23/2012 500,000.00 0.00 500,000.00 0.00 (500,000.00)6/21/2013

591568 AUTOMATIC

DATA

PROCESSING, INC

/BARCLAYS

CAPITAL

CP 0.1600 0.1600 /

MAT5/24/2012 (2,000,000.00) (53.33)(1,999,946.67) 0.00 2,000,000.00 5/24/2012

592678 WAL-MART

STORES INC

/MORGAN

STANLEY

CP 0.1000 0.1000 /

PURC5/24/2012 500,000.00 0.00 499,975.00 0.00 (499,975.00)6/11/2012


SACHS GROUP

INC

AGDN 0.0800 0.0800 /

PURC5/24/2012 2,000,000.00 0.00 1,999,964.44 0.00 (1,999,964.44)6/1/2012

592682 TORONTO

DOMINION BANK

NY

/TDSI YCD 0.2000 0.2000 /

PURC5/24/2012 2,000,000.00 0.00 2,000,000.00 0.00 (2,000,000.00)8/28/2012


COMPANY

AGDN 0.0950 0.0950 /

PURC5/24/2012 500,000.00 0.00 499,964.38 0.00 (499,964.38)6/20/2012

576282 FREDDIE

DISCOUNT


MAT5/29/2012 (975,000.00) 499,734.85 (974,734.85) 0.00 475,000.00 5/29/2012

588335 WAL-MART

STORES INC

/CRED SUIS

SECURITIES

CP 0.0900 0.0900 /

MAT5/30/2012 (1,500,000.00) (105.00)(1,499,895.00) 0.00 1,500,000.00 5/30/2012


SECURITIES

AGDN 0.1000 0.1000 /

MAT5/30/2012 (1,000,000.00) (72.22)(999,927.78) 0.00 1,000,000.00 5/30/2012


CHASE & CO

CALLGOVAGY 0.7500 0.7432 /

PURC5/30/2012 2,500,000.00 0.00 2,509,316.25 0.00 (2,509,316.25)12/6/2013


CORP

/BANK OF

AMERICA

CP 0.1000 0.1000 /

PURC5/31/2012 750,000.00 0.00 749,918.75 0.00 (749,918.75)7/9/2012

(491,747.65) 3,475,007.39 (2,983,259.74)(2,955,000.00) Sub Total: 0.00


(Interest)

Amort / (Accret)

(Gain) / Loss

Inst

Type


Yield(%)

Trans

Type

Maturity

Date

BrokerIssuerDeal





uphanUser:

Page 37 of 37

Trans

Date

Purchased

Interest

Settlement

Fund: 15B-Housing 99A & 99B

383458 GINNIE MAE / MBS 6.2500 1,356.3858 /

INT5/20/2012 0.00 (614.24) 0.00 0.00 614.24 9/20/2029

383458 GINNIE MAE / MBS 6.2500 1,356.3858 /

INT5/21/2012 0.00 (39.64) 0.00 0.00 39.64 9/20/2029

SALE5/21/2012 (134,943.41) 0.00 (135,060.55) 0.00 393.85 9/20/2029

1,047.73 (653.88)(135,060.55)(134,943.41) Sub Total: 0.00

Grand Total: (1,821,437,403.41) (1,825,189,655.32) 226,357,403.10 802,940,889.82 217,154.67


6/1/2012

10:32:57AMCounty of Orange


MONEY MARKET MUTUAL FUNDS TRANSACTIONS REPORT

Cashflow

Date

For 01-May-2012 to 31-May-2012

Deal

NoTransaction Description AmountD.O. No. InstrumentDeposit Slip

CodeCounterparty

INVESCO STIC GOVERNMENT & AGENCYAIM#51102-692

INVESCO STIC PRIME PORTFOLIO 587864ACTUAL CASHFLOW5/1/2012 Money Market Mutual Fund 18,030,408.00 7866

INVESCO STIC PRIME PORTFOLIO 588086ACTUAL CASHFLOW5/2/2012 Money Market Mutual Fund (505,572.00) 8087

INVESCO STIC PRIME PORTFOLIO 588529ACTUAL CASHFLOW5/3/2012 Money Market Mutual Fund (17,680,000.00) 8531

(155,164.00)Sub Total Amount Per Account:

INVESCO STIC GOVERNMENT & AGENCYAIM#51103-694

INVESCO STIC PRIME PORTFOLIO 587860ACTUAL CASHFLOW5/1/2012 Money Market Mutual Fund (11,000,000.00) 7862


(11,057,393.00)Sub Total Amount Per Account:

INVESCO STIC GOVERNMENT & AGENCYAIM#51104-JWA




GOLDMAN SACHS - COUNTY MMFGS692

WELLS FARGO BANK 588356BANK TRANSFER5/2/2012 MONEY MARKET 2,966,316.00


WELLS FARGO BANK 588755BANK TRANSFER5/4/2012 MONEY MARKET (9,249,310.00)











145,953,924.00 Sub Total Amount Per Account:

GOLDMAN SACHS - EDUCATIONAL MMFGS694








Page 1 of 395

6/1/2012




Cashflow

Date

For 01-May-2012 to 31-May-2012

Deal


CodeCounterparty

124,782,952.00 Sub Total Amount Per Account:

MORGAN STANLEY GOVT 8302-JWA MMFMORGAN 283

MORGAN STANLEY INST LIQUIDITY FUND 587871ACTUAL CASHFLOW5/1/2012 Money Market Mutual Fund 952,650.25 7872

MORGAN STANLEY INST LIQUIDITY FUND 588088ACTUAL CASHFLOW5/2/2012 Money Market Mutual Fund (899,223.60) 8089


MORGAN STANLEY INST LIQUIDITY FUND 588629ACTUAL CASHFLOW5/4/2012 Money Market Mutual Fund 522.64 8630


MORGAN STANLEY INST LIQUIDITY FUND 589569ACTUAL CASHFLOW5/9/2012 Money Market Mutual Fund (265.01) 9570

MORGAN STANLEY INST LIQUIDITY FUND 589845ACTUAL CASHFLOW5/10/2012 Money Market Mutual Fund (286.09) 9846





MORGAN STANLEY INST LIQUIDITY FUND 591829ACTUAL CASHFLOW5/21/2012 Money Market Mutual Fund 1,551,038.17 1830


MORGAN STANLEY INST LIQUIDITY FUND 592683ACTUAL CASHFLOW5/24/2012 Money Market Mutual Fund (2,999,903.82) 2684




MORGAN STANLEY GOVT 8302-COUNTY MMFMORGAN 692














MORGAN STANLEY GOVT 8302-EDUCATIONAL MMFMORGAN 694




Page 2 of 396

6/1/2012




Cashflow

Date

For 01-May-2012 to 31-May-2012

Deal


CodeCounterparty



















Total Amount : 185,059,468.76

Page 3 of 397

MONTHLY TREASURER’S INVESTMENT REPORT Distribution List

Orange County Elected Officials Honorable Tom Daly, Clerk-Recorder Honorable Webster J. Guillory, Assessor Honorable Sandra Hutchens, Sheriff-Coroner Honorable Anthony J. Rackauckas, District Attorney Treasury Oversight Committee Honorable Bill Habermehl Thomas G. Mauk Jan Grimes William "Andy" Dunn County of Orange Departments Assessor Auditor-Controller Child Support Services Clerk of the Board Clerk-Recorder County Counsel County Executive Office District Attorney Health Care Agency Human Resources Internal Audit John Wayne Airport OC Community Resources OC Dana Point Harbor OC Public Works OC Waste & Recycling Office of Independent Review Performance Audit Probation Public Guardian/Administrator Public Defender Registrar of Voters Sheriff-Coroner Social Services Agency County Agencies Children & Families Commission Civic Center Commission Law Library Orange County Employees Retirement System Orange County Cemetery District Orange County Fire Authority Orange County Transportation Authority Superior Court Transportation Corridor Agencies State of California Officials Mark Campbell, CDIAC

Orange County School Districts Orange County Department of Education Anaheim City School District Anaheim Union High School District Brea-Olinda Unified School District Buena Park School District Capistrano Unified School District Centralia School District Cypress School District Fountain Valley School District Fullerton School District Fullerton Joint Union High School District Garden Grove Unified School District Huntington Beach City School District Huntington Beach Union High School District Irvine Unified School District Laguna Beach Unified School District La Habra City School District Los Alamitos Unified School District Lowell Joint School District Magnolia School District Newport-Mesa Unified School District Ocean View School District Orange Unified School District Placentia-Yorba Linda Unified School District Saddleback Valley Unified School District Santa Ana Unified School District Savanna School District Tustin Unified School District Westminster School District North Orange County CCD Rancho-Santiago CCD South Orange County CCD Coast Community CCD Voluntary Pool Participants (date approved) Serrano County Water District (6-22-99) City of Villa Park (10-2-01) City of Tustin (5-21-02) Orange County Water District (3-30-04) Municipal Water District of OC (7-27-04) Orange County Vector Control District (11-14-06) Local Agency Formation Commission (10-5-10) Villa Park Community Services Foundation (4-5-11) Mesa Consolidated Water District (9-30-11)

Documents

COUNTY OF ORANGE - Orange County, California