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BCRUA-2025-014 - 6/25/2025 Illiirmimmirso BRUSHY CREEK RUA Quarterly Investment Reports ; AS OF MARCH 31, 2025 P j�% •'A,/ 4' �� MEEDER , '7( / ,/ (\ PUBLIC FUNDS WOO -2025 - 0I`f OBSERVATIONS AND EXPECTATIONS ,CC M E E D E R • Market participants are expecting about three Federal Reserve rate cuts for 2025 • Fed Chair Powell recently stated that the labor market is stable • The Fed's preferred inflation gauge remains above their target • Short-term and intermediate-term interest rates where slightly lower for March 2025 Fed Funds Rate Per Futures Market by Fed Meeting Months 4.50% 4.28% 4.33% • The Federal Reserve 4.25°ro expressed at their most 4.13% recent meeting (March) they plan to cut the Fed Funds rate 4.00% I 3.96% by.50%this year. I 3.80% 3.75% 3.70% • At the end of March, the 3.57% futures market was pricing in about .75%of cuts this year. 3.50% 3.25% May 25 Jun 25 Jul 25 Sep 25 Oct 25 Dec 25 Upcoming Fed Meeting Months 2 SOURCE:BLOOMBERG AS OF 3/31/25 ACC M EED E R U.S. Unemployment Rate 16% • The current rate of 4.1%is an extremely low rate of unemployment by historical 14°/° standards. 12% • Fed Chair Powell recently stated that the labor market remains solid,with their 10°r° estimate of the unemployment rate trending only slightly higher to 4.4%this 8% year. 6% 4°r° p \It 2% SOURCES BLOOMBERG,BUREAU OF LABOR STATISTICS 0% °0 O CO O CO n O N U) CO 0 0 0) N O CO CO ••- a t0 O N L7 C C) C) a) a co C)) c0 co f) a) r n Oat co 00 co O cr)a) O 00 O O O N 0 N N N 0 Cr) O W D7 Of O Q7 O D) O) O) O) O O) O Q) N N N Core PCE YoY • Core Personal Consumption Expenditure 6% YoY is the Fed's preferred inflation 5% gauge. Core excludes food and energy components. 4% s% Core PCE YoY is currently at 2.8%,not quite at the Fed's 2%target, but far 2% below the 5.6% peak in 2022. Fed's Target of 2% % • Economists surveyed by Bloomberg o% expect Core PCE YoY will stay above the 0 0 0 0 0 c, N N N NNNNCI CI g Y Fed's target and finish the full year of N N Ni N NNNNNNNNNNNNN c 'ag aai $ c h c a b c h m 2025 at 2.5%. 3 0 0) o 2 -' WO 2) cn o in 2 cB) o SOURCES:BLOOMBERG,BUREAU OF ECONOMIC ANALYSIS Treasury Rates Were Mixed for the Month of March A _ M�EYE,D E R Ptl•U.S.Treasury Yield Curve Change 4.80 t3/31/25 —0-2/28/25 4.60 • O 4.40 C 4.20 w a 4.00 3.80 3.60 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y Basis Point Change 15 10 8 9 to 5 0 0II I a 0 MINI y _5 II II IIIiME m -10 (5) (6) (7) (4) -15 (10) (9) -20 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y 4 SOURCE BLOOMBERG BRUSHY CREEK RUA I MARCH 31,2025 \ \` MEEDER PUBLIC FUNDS Compliance Certification 1111111111111111111111.11111111 The undersigned acknowledge they have reviewed this quarterly investment report for the period ending March 31, 2025.Officials designated as investment officers by this entity's Investment Policy attest that all investments comply with the Texas Public Funds Investment Act and this entity's Investment Policy. Sam Roberts,P.E.,General Manager BRUSHY CREEK RUA I MARCH 31,2025 /\ t MEEDER PUBLIC FUNDS Contents Portfolio Statistics 7 Quarterly Portfolio Summary 8 Quarterly Portfolio Summary By Fund 9 Portfolio Overview 10 Summary by Type 11 Position Statement 13 Cash Reconciliation Report 17 Transaction Statement 18 Amortization Schedule 19 Accrued Interest Schedule 20 Earnings by Fund 22 Projected Cashflows 24 Change in Value 25 6 BRUSHY CREEK RUA /n MARCH 31,2025 MEEDER PUBLIC FUNDS Portfolio Statistics Portfolio Position 3.60 Par Value $166,575,915 Weighted Average Yield to Maturity Principal Cost $165,769,936 Book Value $166,424,372 0.02 Market Value $166,424,372 Weighted Average Maturity(Years) Unrealized Gain/Loss $0 0.02 Accrued Interest $54,363 Portfolio Effective Duration(Years) Maturity Distribution Sector Allocation 0.02 100% 85.7% Weighted Average Life(Years) to% 60% • Money Market Funds 6743% 40% • BankDepoeits 1a24% AA 20% 14.3% ConrnerdeiPaper 14 %.33 0% Average Credit Rating 1 Day 0-1Yrs 7 BRUSHY CREEK RUA I MARCH 31,2025 A MEESDER Quarterly Portfolio Summary I This quarterly report is prepared in compliance with the Investment Policy and the Strategy of this entity and the Public Funds Investment Act(Chapter 2256,Texas Government Code). Portfolio as of December 31,2024 Portfolio as of March 31,2025 BEGINNING BOOK VALUE $168,577,160.08 ENDING BOOK VALUE $166,424,371.85 BEGINNING MARKET VALUE $168,577,334.53 ENDING MARKET VALUE $166,424,371.85 INVESTMENT INCOME FOR THE PERIOD $1,194,010.21 UNREALIZED GAIN/(LOSS) $174.46 UNREALIZED GAIN/(LOSS) $0.00 CHANGE IN UNREALIZED GAIN/(LOSS) ($174.46) III WEIGHTED AVERAGE MATURITY WEIGHTED AVERAGE MATURITY (YEARS) 0.06 (YEARS) 0.02 WEIGHTED AVERAGE YIELD 2.65 WEIGHTED AVERAGE YIELD 3.60 8 BRUSHY CREEK RUAI MARCH 31,2O25 / MEEDER PUBLIC FUNDS Quarterly Portfolio Summary By Fund PORTFOLIO MARKET VALUE BY FUND 12/3V2O24 03/31/2025 CHANGE INTEREST EARNED CONSTRUCTION FUNDS 4,556,252.84 5,494,166.42 937,913.58 60,225.19 CONSTRUCTION FUNDS 2021-CEDAR 29,832,998.34 29,096,043.04 -736,955.30 344,37319 PARK CONSTRUCTION FUNDS 2023-CEDAR 7,390,128.79 7,469,917.51 79,788.72 79,788.72 PARK CONSTRUCTION FUNDS 2023-ROUND 10,865,047.18 9,926,968.54 -938,078.64 114,499.02 ROCK CONSTRUCTION FUNDS 2024-LEAN- 0.00 21,335,989.70 21,335,989.70 55,585.70 DER CONSTRUCTION FUNDS 2024-ROUND 0.00 18,698,619.68 18,698,619.68 48,714.68 ROCK CONSTRUCTION FUNDS-2022 SWIFT 27,264,370.37 24,856,382.04 -2,407,988.33 287,505.24 ESCROW FUNDS 2021-CEDAR PARK 14,869,824.03 15,173,382.29 303,558.26 159,005.61 LEANDER-ESFD24 38,955,393.49 17,674,989.49 -21280,404.00 0.00 OPERATING FUNDS 3,505,803.49 4,010,302.14 504,498.65 44,312.86 ROUND ROCK-ESFD24 31,337,516.00 12,687,611.00 18,649,905.00 0.00 TOTAL 168,577,334.53 166,424,371.35 -2,152,96268 1,194,010.21 9 BRUSHY CREEKRUAIMARCH31,2025 E E D E R /` \ PUBLIC PLUS %OF DAYS TO Portfolio SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE PORTFOLIO MATURITY YIELD BenkDepoatts 30,362,600.49 30,362,600.49 30,362,600.49 18.24% 1 0.00 Overview Commercial Paper 24,000,000.00 23,848,456.94 23,848,456.94 �rm .33% 51 4.80 TOTAL 1116,578,914.91 1110,424471J36 1116,424,37L•• 100.00% • SA•0 CASH AND ACCRUED INTEREST PurcheeedAoauedYdereet 0.00 0.00 TOTAL CASH AND INVESTMENTS 160676,9 4.91 106,424,871.86 166,424,27L1111 S •&60 TOTAL EARNINGS CURRENT QUARTER 1,194,010.21 10 BRUSHY CREEK RUA I MARCH 31,2025 /\Q MEEDER PUBLIC FUNDS Summary by Type DAYS TO FINAL SECURITY TYPE SOP S[CURITIIS PAR VALUE BOOK VALUE %OPPORTFOUO YIELD MATURITY CONSTRUCTION FUNDS Money Market Ftnde 1 5.494,16642 5.49416842 3.30 436 1 TOTAL 1 5,494,166A2 5,494,16642 3.30 4.38 1 CONSTRUCTION FUNDS 2021-CEDAR PARK tFuda 2 5247.58610 5.247,58fi 10 315 4.36 1 ManyI.W$ Commercial Paper 4 24,000,000.00 23,8413.456.94 14.33 4,90 51 TOTAL 6 29247586.10 29,096,04304 17A6 4.72 42 CONSTRUCTIOI FUNDS 2023-CEDAR PARK Maley Market Fade 1 7,469,917.51 7,469,917.51 4.49 4.36 1 TOTAL 1 7,469,917.61 7,469,917d1 440 4.36 1 CONSTRUCTION FUNDS 2023-ROUND ROCK Money Market Fula 1 9.926,96654 9,926,96854 5.96 4.36 1 TOTAL 1 9,926,96854 9926,968.04 5.96 4.36 1 CONSTRUCTION FUNDS 2024-LEANDER Maly Market Funds 1 21,335.98970 21,335,989.70 12.82 4.36 1 TOTAL 1 21,335,989.70 21,335,98470 1252 4.36 1 CONSTRUCTION FUNDS 2024-ROUND ROCK -. ---- -.n -- -a--- _ - -.. ..... Money Market Funds 18.698.61968 18.698.61968 11.24 4.36 1 TOTAL I 10,698,619.F8 18,698,619.68 11.24 4.36 1 Many Marlae<Fude 1 .1--- _ -.. _ .. . TOTAL 1 2a,858,382.04 2a,856,3a204 ta.94 4.36 t BRUSHY CREEK RUA I MARCH 31,2025 / MEEDER PUBLIC FUNDS Summary by Type DAYS TO FINAL SECURITY TYPE 9OFSECURRIES PAR VALUE BOOK VALUE %OFPORTFOUO YIELD MATURITY ESCROW FUNDS 2021-CEDAR PARK Money Market Funds 1 15173,38229 15173,38229 9.12 4.23 1 TOTAL 1 14173,382.29 15,173,382.29 9.12 423 1 LEANDER-ESFD24 Bank Deposits I 17,674.98949 17,674,989.49 10.62 0.00 1 TOTAL 1 17,674,98849 17,874,989.49 I052 OAO 1 OPERATING FUNDS Money Market Fula 2 4,010.30214 4,010,30214 2.41 3.66 1 TOTAL 2 4,010,30214 4,010,30214 2A1 3.88 1 ROUND ROCK-ESFD24 Bank Deposits I 12,687,611.00 12,687,611.00 762 0.00 1 TOTAL 1 12887,81L00 12,887,61300 7.62 0.00 1 GRAND TOTAL 17 166,575,914.91 166,424,37386 100.00 3.60 B 12 BRUSHY CREEK RUA I MARCH 31,2025 / MEEDER PUBLIC FUNDS Position Statement PRINCIPAL COST UNREALIZED MOODY'S TRADE DATE PURCHASED YIELD TO MATURITY DAYS TO MARKET PRICE GAIN/LOSS BOOK % SAP CUSIP DESCRIPTION SETTLE DATE PAR VALUE INTEREST TOTAL COST MATURITY DATE MATURITY MARKET VALUE VALUE MV RATING MONEY MARKET FUNDS TexStar Master Corn 03/31/2025 5494,166.42 1.00 0.00 NA TEXSTAR-MC struction 03/31/2025 0.00 000 5,494,16642 4.36 1 5.494,16642 5,494,16642 330 NA MONEY MARKET 5,4114,16642 LOO 0.00 FUNDS TOTAL 5,404,10642 0.00 5' 4 1494,186.42 5,494,16642 8,494,166.42 3-30 NA CONSTRUCTION 5,494,186.42 5,494,166A2 5,494,166A2 4.36 1 0'� 3.30 NA FUNDS TOTAL 0.00 5,494,166.42 5,494,166.42 CONSTRUCTION FUNDS 2021-CEDAR PARK MONEY MARKET FUNDS 03/31/2025 5247,583.36 1.00 0.00 NA TEXSTAR-CP TexStar Cedar Perk 03/31/2025 5247,583.36 0.00 5,247.583.36 436 1 5247,583.36 5247,583.36 315 NA Wells Fargo Analyzed 03/31/20252.74 1.00 0.00 NA 1550578940CP Business Checking Plus 03/31/2025 0.00 0.00 2.74 0.00 1 2.74 2.74 0.00 NA PF-C MONEY MARKET 5,247,88610 t,00 0.00 FUNDS TOTAL 5,1147,08310 0.00 5r247,58610 4.36 1 5,247,51420 5,247,58610 SIN NA COMMERCIAL PAPER 08/13/2024 6289,878.47 99.80 0.00 0.1 05571BRG0 BPCE 04/16/25 08/14/2024 6,500,000.00 0.00 6289,878.47 4.89 04/162025 16 6,487,135.42 6,487,135.42 3'� A-1 8923A0S20 TOYO CRD PIJF RK; O8/13/2024 7,500.000.00 7,240,631.25 7,240.631.25 491 05/02/2025 32 99.59 0.00 4.49 05/02/25 08/14/2024 0.00 7,469,193.75 7.469.193.75 Mr CREDIT AGRI NY 08/13/2024 4.828,033.33 99.51 0.00 P4 225331S98 05/09/25 08/14/2024 0.00 000 4,828,033.33 4.76 05/09/2025 39 4975.616.67 4,975,616.67 2.99 A4 MUFG BANK NY 11/192024 4,835,477.78 98.33 0.00 P-I 62479LVF9 08/15/25 1V202024 5,000,000.00 0.00 4,835,477.78 4.55 08/15/2025 137 4,916,51111 4,916.511.t1 2.95 A-I COMMERCI00 PER TOTAL AL PA- 24,000,000.0023'1�'02083 23,194,020.830.00 4.80 5137 1699 AA- CONSTRUCTION FUNDS 2021-CEDAR 29,247.58610 28,441,608.93 28.441.606.93 4.72 42 0'� 77A8 AA- PARK TOTAL 0.00 29,096,043.04 29,096,043.04 CONSTRUCTION FUNDS 2023- CEDAR PARK MONEY MARKET FUNDS 13 BRUSHY CREEK RUAI MARCH 31,2O25 / Q MBLIC EDS D E R PUEFUN Position Statement PRINCIPAL COST UNREALIZED M00011 TRADE DATE PURCHASED YIELD TO MATURITY DAYS TO MARKET PRICE GAIN/LOSS BOOK SOP 59P CUSIP DESCRIPTION SETTLE DATE PAR VALUE INTEREST TOTAL COST MATURITY DATE MATURITY MARKET VALUE VALUE MV RATING 03/31/2025 7,469,917.51 1.00 000 NA TEXSTAR-CP TexStar Cedar Park 03/31/2025 0.00 0.00 7,469,917.51 4,36 1 7,469,9T/S1 7469,91751 4.49NA MONEY MARKET 7,469,917JR 1.00 0.00 7,465,917J91 0.007 7,4/5,917.61 4.36 1 4A9 NA FUNDS TOTAL A99,917.61 7,469,917.51 CONSTRUCTION 489 .51 0.00 FUNDS 2023-CEDAR 7,469,91751 7' '910700 7,469,917.51 4.36 1 7,469,91751 7,469,91751 4A9 NA PARK TOTAL CONSTRUCTION FUNDS 2023- ROUND ROCK MONEY MARKET FUNDS 03/31/2025 9.926,968.54 1.00 0.00 NA TEXSTAR-RR TexStar Round Rock 03/31/2025 9,926,968.E 0.00 9,926,968.54 4.36 9,926,968.54 9,926,968.54 5.96NA MONEY MARKET 968 9,926, .64 WO 0.00 FUNDS TOTAL 9.926.96664 0.00 9' ' 'S7 4"� 1 9,928,968.54 9,926,96854 6'96 NA .IRUCTION FUNDS 2023-ROUND 9,926,968.54 9'928' 0� 9,926,968.54 4.36 9,926,968.545,96 NA ROCK TOTAL CONSTRUCTION FUNDS2024- LEANDER MONEY MARKET .. FUNDS 03/31/2025 21,335,989.70 1.00 0.00 NA T6XSTAR-LD TexStar Leander 03/31/2025 21,�,989.70 0.0021,335,98970 4.36 1 21,335,98970 21,335,989.7012.82NA MONEY MARKET 21,335,9N.70 1.00 0.00 FUNDS TOTAL �" ' '� 0.00 Z096' '� 4.� 1 21,335,989.70 21,335,989.70 12.82 NA CONSTRUCTION 21335,989 70 0.00 FUNDS 2024- 21,335,989.70 21,335,989.70 21,335,989.70 4.36 21,335,989.70 21,335989.70 12.82 NA LEANDER TOTAL CONSTRUCTION FUNDS 2024- ROUND ROCK MONEY MARKET FUNDS 03/31/2025 18,698,619.68 1.00 0.00 NA TDLSTAR-RR TexStar Round Rock 03/31/2025 18,698,619.68 0.00 18,698,619.68 4.36 1 18,698,619.68 18,698,61968 11.24 NA MONEY MARKET 18,698,619.68 18,698,819.68 18,698,619.68 4.36 1 1.00 0.00 t124 NA FUNDS TOTAL 0.00 18,698,619.68 18,698,619.68 BRUSHY CREEK RUA I MARCH 31,2025 /� MEEDER PUBLIC FUNDS Position Statement PMN'PALCOET UNREALIZED MOODY'S TRADE DATE PURCHASED YIELD TO MATURITY DAVETO MARKET PRICE GAIN/LOSS BOOK %OF UP CUSP DESCRIPTION SETTLE DATE PAR VALUE PITHIEST TOTAL COST MATURITY DATE MATURITY MARKET VALUE VALUE MV RATING CONSTRUCTION FUNDS 2024-ROUND 18,698,819.68 18'898'8 N 18,698,619.66 4.36 1 18,8911,819.88 18,898,81988 11.24 NA ROCK TOTAL CONSTRUCTION FUNDS-2022 SWIFT MONEY MARKET FUNDS 03/31/2025 24,856,382.04 1.00 0.00 NA TEXSIAR-LD TexStar Leander 03/31/2025 24,856,382.04 000 24,856,382.04 4.36 1 24,856.382.04 24,856.382.04 14.94NA MONEY MARKET FUNDS TOTAL24,858,38204 2 0.00 24,856,38204 4.36 1 24.666.38204 24,866,382.0414.94 NA CONSTRUCTION FUNDS-2022 SWIFT 24,1356,38204 24,856,38UA0 2.04 24,856,38204 4.36 I 24,85fi,382 2 04 24,858,3804 0.00 14.94 NA TOTAL ESCROW FUNDS 2021-CEDAR PARK - MONEY MARKET FUNDS DREYFUSGVT 03/31/2025 15173,382.29 1.00 0.00 Aaa X9USDDGCM CM,INST 03/31/2025 15173.382.29 0.00 15,173.382.29 4.23 1 15173.382.29 15,173,38229 912 AAA MONEY MARKET 16,173,38229 1.00 0.00 FUNDS TOTAL 18473,382290.00 38229 423 1 15,173,382.29 15,173,38229 9.12 AAA ESCROW FUNDS 2021-CEDAR PARK 15,173,382.29 15,173,382290.00 00 15,173,382.29 423 1 0.00 9.12 ;..A.1 TOTAL 15,173,38229 15,173,38229 LEANDER-ESFD24 BANK DEPOSITS 03/31/2025 17,674,989.49 1.00 0.00 Aaa CCYUSD US DOLLAR 03/31/2025 17,674,989.49 0.00 17,674,989.49 0.00 1 17,674,989.49 17,674,989.49 10.62 AAA BAN POSITS TOTAL as74,9pA9 �� 0.00n'67 0'00 1 n,674,9M.4Y 0,674,99949 1022 AAA LEANDER-ESFD24 0.00 17,674,989A9 17,874,989A9 17,674,989A9 0.00 1 10.62 AAA TOTAL 0.00 17,674,989.49 17,674,989.49 OPERATING FUNDS MONEY MARKET FUNDS 15 BRUSHY CREEK RUAI MARCH 31,2025 /�C MEEDER PUBLIC FUNDS Position Statement PRINCIPAL COST UNREALIZED M000Y'S TRADE DATE PURCHASE, YIELD TO MATURITY DAYS TO MARKET PRICE GAIN/LOSS BOOK 16 OP UP CUSP DESCRIPTION 'STYLI DATE PAR VAWE INTERMIT TOTAL COST MATUNTY DATE MATURITY MARKET VAWE VALUE MV RATING Weis Fargo Analyzed 03/31/2025 761,85621 1.00 0.00 NA 2550665125 Business Checking 03/31/2025 761,85621 0.00 761,856.21 0.68 1 761,858.21 761,85621 0.46 NA PIuSPF TeoStar Master OP- 03/31/2025 3248,445.93 1.00 0.00 NA TT7fSfAR#A° orating 03/31/20253,248,445.93 0.00 3248,44593 4.38 1 3248,445,93 3248,445.93 1.95 NA PUN MON� 4TOTAL ,010,302.24 MARKET4'°7°'3 a� 4,010,30214 SAS 1 34 OAO 34 24 NA 4.010.301 OPERATING FUNDS 4,010,302.14 0.00 TOTAL 4,010,302.14 0.00 4,010,302.14 3.66 1 2A1 NA 4,010,302.14 4,010,302.14 ROUND ROCK- - - ESF024 BANK DEPOSITS CCYUSD US DOLLAR 03/31/20251268761100 12,687,611.00 12,687,611.00 0.00 1 1.00 0.00 7.62 Aee 03/31/2025 0.00 12687,611.00 12687,611.00AAA BANK DEPOSITS 12,887,811.00 1$687,611A0 12,887,811.00 0.00 1 L00 0'� 7b2 AAA TOTAL 0.00 126.7,61100 12,6117,61L00 ROUND ROCK- 12,687,611.00 MOO ESFD24 TOTAL 12,667,611.00 0.00 12,687,811,00 0.00 1 12,887,611.00 12,687,611.00 7.82 AAA GRAND TOTAL MS,•if,•IY1 14a76•,�t00 168,76•,•30.74 3A0 • 100A0 AA 16 BRUSHY CREEK RUA I MARCH 31,2025 / MEEDER ��-- PUBLIC FUNDS Cash Reconciliation Report ESCROW FUNDS 2021-CEDAR PARK POST DATE IDENTWIIII DESCRIPTION PARVAWE FINAL MATURITY PRINCIPAL AMOUNT COUPON 01/10/2025 3130AYKN5 FEDERAL HOME LOAN BANKS 4.8101/10/2025 0.00 01/10/2025 0.00 180,375.00 COUPON TOTAL 0.00 0.00 180,7/5.A0 POSTDATE IDENTIFIER DESCRIPTION PAR VALUE FINAL MATURITY PRINCIPAL AMOUNT MATURITY 01/10/2025 3130AYKN5 FEDERAL HOME LOAN BANKS 4.8101/10/2025 -7,500.000.00 01/10/2025 -7500,000.00 7,500,000.00 MATURITY TOTAL •7,500,000.00 •7,500,000.00 7,500,000.00 17 BRUSHY CREEK RUA I MARCH 31,2025 MEEDER PUBLIC FUNDS Transaction Statement ESCROW FUNDS 2021 -CEDAR PARK NET REALIZED TRADE DATE SETTLE DATE CUSIP DESCRIPTION _ PAR VALUE SOOK VALUE TOTAL OAEYLOEU MATURITY 01/10/2025 01/10/2025 3130AYKN5 FEDERAL HOME LOAN BANKS 4.8101/10/2025 (7,,600,O00.00) 7,500.00000 7,500,000.00 0.00 MATURITY TOTAL n60000O.001 7,500,000.00 7,500,000.00 0.00 18 BRUSHY CREEK RUA I MARCH 31,2025 / MEEDER PUBLIC FUNDS Amortization Schedule ORIGINAL PREMIUM OR BEGINNING CURRENT ENDING BOOK TOTAL UNAMORTIZED CUIIP DESCRIPTION PAR VALUE PRINCIPAL COST DISCOUNT BOOK VALUE PERIODAMORT VALUE AMORTIZATION BALANCE 055718600 BPCE 04/16/25 6,500,000.00 6289,878.47 (210,12153) 6,409,947.92 77,187.50 6,487.135,42 197256.95 (12,884,58) 22533TS98 CREDIT AGRI NY 05/09/25 5,000,000.00 4.928.033.33 (171,966.87) 4317,866.67 57.750.00 4,975,616.67 147,583.34 (24,383.33) 824791VF9 MUFG BANK NY 08/15/25 5,000,000.00 4,835,47.78 (164,52222) 4,86126111 55250.00 4,916,511.11 81,033,33 (83.488.89) 8923A0S20 TOYOCRDPUE RIC 05/02/25 7,500,000.00 7240,631.25 (259,388.75) 7,379,75625 89,437.50 7469,193.75 228,562.50 (30.806.25) TOTAL 24,000,000.00 23,194,020.83 (806,979.17) 23,585,831.94 279,625.00 23,848A5694 664,436.11 (151,543.06) ESCROW FUNDS 2021- CEDAR PARK 3130AYKN5 FEDERAL HOME LOAN BANKS 4.8101/10/2025 7,500,000.00 7,499,062.50 (937.50) 7,499,975.54 24.46 0.00 937.50 0.00 TOTAL 7,500,000.00 7,499,062.50 (997.50) 7,499,975.54 24A6 0.00 93780 0.00 GRAND TOTAL 31,500,000.00 30,693,083.33 (806,916b7) 31,068,807A9 279,54946 23,848,430.94 655,37361 (151,543.06) 19 BRUSHY CREEK RUAIMARCH31,2025 /\ MEEDER PUBLIC FUNDS Accrued Interest Schedule BEGINNING CURRENT ENDING PRINCIPAL ACCRUED PURCHASED PERIOD INTEREST ACCRUED IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE COST INTEREST INTEREST ACCRUAL RECEIVED INTEREST CONSTRUCTION FUNDS TEXSTAR-MC TexStar Master Construction 2025-03-31 5.494,166.42 5,494366.42 0.00 0.00 60225.19 60225.19 0.00 TOTAL 5,494,16642 5,404,160.42 0.00 GAO 50,225.19 60,220.19 0A0 CONSTRUCTION FUNDS 2021-CEDAR PARK 0657113890 BPCE 04/18/25 2024-08-14 6.500.000.00 6289,878.47 0.00 0.00 0.00 0.00 0.00 22533TS98 CREDIT AGRI NY 05/09/25 2024-08-14 5,000,000.00 4,828,033.33 0.00 0.00 0.00 0.00 0.00 62479LVF9 MUFG BANK NY 08/15/25 2024-11-20 5,000000.00 4,435,477.78 0.00 0.00 0.00 0.00 0.00 8923A0S20 TOYO CRDPUE RIC 05/0225 2024-08-14 7,500,000.00 7,240,63125 0.00 0.00 0.00 0.00 0.00 TEXSTAR-CP TexStar Ceder Park 2025-03-31 5247,583.36 5,247,583.36 0.00 0.00 64,74818 64,74818 0.00 1550578940CP Wells Fargo Analyzed Business Checking 2025-0331 2.74 2.74 0.00 0.00 0.01 0.01 0.00 Plus PF-C TOTAL 29,247,586.10 28,441,606.93 0.00 0.00 64,748.19 64,74830 000 CONSTRUCTION FUNDS 2023-CEDAR PARK 1tx81AR-CP TaxSterCedar Palk 2025-03-31 7,469,917.51 7,469,917.51 0.00 0.00 79,788.72 79,788.72 0.00 TOTAL 7,469,917.51 7469,917.51 0.00 0.00 79,780.72 79,788.72 0.00 CONSTRUCTION FUNDS 2023-ROUND ROCK ICAD!AR-RR TexStar Round Rock 2025-03-31 9,926,968.54 9,926,968.54 0.00 0.00 114,499.02 114,49902 0.00 TOTAL 9,926,968.54 9,926,965.54 OAO 0.00 114,489.02 914,49802 0A0 CONSTRUCTION FUNDS 2024-LEANDER TEXSTAR-LD TaxSter Leander 2025-03-31 21,335,989.70 21,335,989.70 0.00 0.00 55,585.70 55,585.70 0.00 TOTAL 21,995,989.70 21,995,989.70 0.00 OAO 55,586.70 56,585.70 0.00 CONSTRUCTION FUNDS 2024-ROUND ROCK 1 kASIAR-RR TexStar Round Rock 202503.31 18,698.619.68 18,698,619.68 0.00 0.00 48714.68 48714.68 0.00 20 BRUSHY CREEK RUA I MARCH 31,2025 /\ MEEDER PUBLIC FUNDS Accrued Interest Schedule BEGINNING CURRENT ENDING PRINCIPAL ACCRUED PURCHASED PERIOD INTEREST ACCRUED IDENTIFIER DESCRIPTION SMILE GATE PAR VALUE COST INTEREST INTEREST ACCRUAL RECEIVED INTEREST TOTAL 1S+SSS.SISS8 18,898,619A6 0.00 0.00 411,714.08 48,714.68 0.00 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexStar Leander 2025-03-31 24,856.382.04 24,856,382.04 0.00 0.00 287,505.24 287,50524 0.00 TOTAL 24,856,382.04 24,856,382A4 0.00 0.00 287,505.24 287,505.24 0.00 ESCROW FUNDS 2021- CEDAR PARK X9USODGCM 0REYFUSGVTCM;INST 2025-03-31 15173,38229 15373.38229 27,733.37 0.00 149,96240 123,33326 54,362,51 3130ATKN5 FEDERAL HOME LOAN BANKS4.81 2024-01-31 0.00 0.00 171.35625 000 9.018.75 180.375.00 000 01/10/2025 TOTAL 15,173,38229 15,173,382.29 199,089.62 0.00 158,981.15 303,708.26 64,3152.511 1111111011111111111 C(M1S0 US DOLLAR 2025-03-31 17,674,98949 17,674,98949 000 000 000 000 TOTAL 17,674,988.49 17,674,989.48 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS 1 SASIAR-MO TexStar Master Operating 2025-03-31 3,248,445.93 3248,445.93 0.00 0.00 43272.48 4327246 000 Wells Fargo Analyzed Bus 2550665125iness Checking 2025-03-31 761,856.21 761,85621 0.00 0.00 1,040.40 1.04040 000 Plus PF TOTAL 4,010,302.14 4,010,30224 0.00 0.00 4431236 44,312a6 0.00 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 2025-03-31 12,687,611.00 12,687,611.00 0.00 0.00 0.00 0.00 000 TOTAL 12,6117,61100 12,887,611.00 0.00 0.00 0.00 0.00 0A0 GRAND TOTAL 166,575,914.91 166,709935.74 199,069L2 0.00 914,360.75 1,069,067.86 54,362.61 21 BRUSHY CREEK RUA I MARCH 31,2025 MEEDER PUBLIC FUNDS Earnings by Fund NET AMORTIZATION/ ADJUSTED ENDING PAR BEGINNING ENDING BOOK FINAL COUPON INTEREST ACCRETION NET REALIZED INTEREST CUSP DESCRIPTION VALUE BOOK VALUE VALUE MATURITY RATE YIELD EARNED INCOME GAIN/LOSS EARNINGS CONSTRUCTION FUNDS S , -- la- ..Jall TE)OITT.A-MC TexStar Master Construction 5,49416642 4,55625284 5.494,16642 03/31/2025 0.00 4.36 60.225.19 _,._ 0.00 60.225.19 TOTAL 6,494,166A2 4„556,252.84 5,494,16842 0.00 4.36 60,225.19 0.00 0.00 0022639 CONSTRUCTION FUNDS 2021-CEDAR PARK 056718900 BPCE 04/16/25 6,500,000.00 8,409,94722 6,487135.42 04/16/2025 0.00 4.89 0.00 7718750 000 7718750 1.AG578940CP Wells Fargo AnaNZed Business 2.74 2.73 2.74 03/31/2025 0.00 0.00 001 000 0.00 0.01 Checking Plus PF-C 22533TS98 CREDIT AGRI NY 05/09/25 5,000,000.00 4,917,866.67 4,975,616.67 05/09/2025 0.00 4.76 0.00 57.75000 000 57,75000 82479LVF9 MUFG BANK NY08/15/25 5,000,000.00 4,86126111 4,916,511.11 08/15/2025 0.00 4.55 000 5525000 0.00 5525000 8923A0520 TOYOCRDPUE RIC05/02/25 7,500.000.00 7,379,75625 7,469,193.75 05/02/2025 000 4.91 000 89,437.50 000 89.43750 TEXSTAR-CP TexStar Cedar Park 5247,583.38 6264163.67 5247,583.36 03/312/325 0.00 4.36 64,748.18 0.00 000 64,74818 TOTAL 29,247586.10 29,632,99631 26,096,043.04 0.00 4.72 64,748.19 279,626A0 0.00 344373.19 CONSTRUCTION FUNDS 2023-CEDAR PARK TEXSTAR-CP TexStar Cedar Park 7,469917.51 7,390,12879 7,469,917.51 03/312025 0.00 4.36 79,788.72 0.00 000 79,788.72 TOTAL 7,498917.51 7,390329.79 7,469,917.51 OAO 436 79,76872 0.00 0.00 79,799.72 CONSTRUCTION FUN DS 2023-ROUND ROCK 7E)G3TAR-RR TexStar Round Rock 9.926,968.54 10,865,04718 9,928,96854 03/31/2025 0.00 4.36 114499.02 0.00 0.00 114.499.02 TOTAL 9,9211,96654 10,665,04736 9026,988.54 0.00 4.26 /14,499.02 0.00 0.00 114,499.02 CONSTRUCTION FUNDS 2024-LEANDER TEOTAR-LD TexStar Leander 21,335,9.59.70 0.00 21,335,989.70 03/31/2025 0.00 4.36 55,585.70 0.00 0.00 55.585.70 TOTAL 21026099.70 0.00 21,336,966.70 0.00 4a6 65,566.70 0.00 0.00 55,565.70 CONSTRUCTION FUNDS 2024-ROUND ROCK TEX3TAR-RR TexStar Round Rock 18898619.88 0.00 18,698,619.68 03/31/2025 0.00 4.36 48,714.68 0.00 0.00 48,714.68 22 BRUSHY CREEK RUA I MARCH 31,2025 �� MEEDER PUBLIC FUNDS Earnings by Fund NET AMORTIZATION/ ADJUSTED ENDING PAR BEGINNING ENDING BOOK FINAL COUPON INTEREST ACCRETION NET REALIZED INTEREST CUSP DESCRIPTION VALUE BOOK VALUE VALUE MATURITY RATE YIELD EARNED INCOME GAIN/LOSS EARNINGS TOTAL 16,696.619.88 0.00 18,698,619.68 0.00 4.36 48,714AS OAO OAO 48,714,68 CONSTRUCTION FUNDS-2022 SWIFT TEXSTAR-LD TexSM Leander 24,856.38204 27,264,37037 24,856,382.04 03/31/2025 0.00 4.36 287,50524 0.00 0.00 287,50524 TOTAL 24,856,382.04 27,284,370.37 24 64,1,189 04 0.00 4.36 927,506.24 OAO 0.00 287,506.24 ESCROW FUNDS 2021- CEDAR PARK 3130AYKN5 FEDERAL HOME LOAN BANKS 0.00 7,499,975.54 0.00 01/10/2025 4.81 4.82 9,018.75 24.46 0.00 9,04321 4.8101/10/2025 X9USDDGCM DREYFUSGVTCM,INST 15173,38229 7,369.674.03 15173,38229 03/31/2025 4.22 423 149,962.40 0.00 0.00 149,96240 TOTAL 15,173,382.29 14,809,84687 15,173,382.211 422 423 158,98196 24.46 0.00 159,00081 LEANDER-ESFD24 CCYUSD US DOLLAR 17,674,989.49 38,955,393.49 17,674,989.49 03/31/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 17,674,966A9 38,955,39349 17,674,989A9 0.00 0.00 0.00 0.00 0.00 0.00 OPERATING FUNDS V 2550665125 aVehFe�o Analyzed Business761,85621 757,026.15 761,856.21 03/31/2025 0.00 0.68 1,040.40 0.00 0.00 1,040.40 Plus PF TEXSTAR-MO TexStar Master Operating 3248,445,93 2,748,777.34 3248,445.93 03/31/2025 0.00 4.36 43,272.46 0.00 0.00 43272.46 TOTAL 4A10,30294 3,506,803A6 4,010,302.14 0.00 3.66 44,31286 0.00 CIAO 44,31286 ROUND ROCK-ESFD24 CCYUSD US DOLLAR 12,687,611.00 31,337,516.00 12,687,611.00 03/31/2025 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 12,687,611.00 31.337,51600 12,687,61.00 0.00 0.00 0.00 0.00 0.00 0.00 GRAND TOTAL 164575,914.91 16,577a6008 104424,371.E 0.38 360 914,360.75 279,849.46 0.00 1,104,01021 23 BRUSHY CREEKRUAIMARCH31,2025 /\ MEEDER PUBLIC FUNDS Projected Cashflows For the Period April 01,2025 to September 30,2025 TRANSACTION CUSP DESCRIPTION POSTDATE TYPE AMOUNT CONSTRUCTION FUNDS 2021-CEDAR PARK MAY2025 8923A0S20 TOYO CRD PUE RIC 06/02/25 05/02/2025 Mei Maturity 7,500,000.00 22533TS98 CREDIT AGRI NY 05/09/25 05/09/2025 Find Maturity 5,000,000.00 MAY 2025 TOTAL 12,500,000.00 AUO 2025 62479LVF9 MIFG BANK NY08/1525 08/15/2025 Fidel Maturity 5,000,000.00 AUG 2025 TOTAL 5,000,000.00 CONSTRUCTION FUNDS 2021-CEDAR 17,500,000.00 PARK TOTAL GRAND TOTAL 17,500,000.00 24 BRUSHY CREEK RUA I MARCH 31,2025 / MEEDER PUBLIC FUNDS Change in Value BEGINNING BOOK CHANGE IN ENDING BOOK VALUE BOOK VALUE VALUE ISSUER TRADE DATE INTEREST ACCRUAL BEGINNING MARKET PURCHASES/ CHANGE IN ENDING MARKET IDENTIFIER PAR VALUE YIELD MATURITY DATE INTEREST RECEIVED VALUE ADDITIONS REDEMPTIONS MARKET VALUE VALUE CONSTRUCTION _- „_ ' - FUNDS TE7G$TAR��4C TexStar Master Construction 4.3E 60,225.19 4,556,252.84 1,619131.70 (681218.12) 937,913.58 5.494,16642 5,494,166.42 03'31/2025 60,22519 4,556,252.84 937,913.58 5.494,16642 TOTAL 4.36 �' '� 4,666,262,64 1,619,13L70 (881,21212) 937,913.58 6,494,166.42 60,225.19 4,566,25284 937,913.58 5,494,186.42 CONSTRUCTION FUNDS 2021-CEDAR PARK Wells Fargo Analyzed Business 0.01 2.73 0.01 2.74 1550678940CP Checking Plus PF-C 0.00 03/31/2025 0.01 an 0.01 000 0.01 2.74 2.74 TexStar Cedar Park 64,748.18 6264,163.67 (L016680.31) 5247,583.36 TEXSTAR-CP 5247,583.36 4.36 03/31/2025 64,748.18 6264163.67 0.00 (1p16,580.31) (L016580.31) 5247,583.36 BPCE04/18/25 08/13/2024 0.00 6,409,94792 77187.50 6,487135.42 05571BRG0 6,500,000.00 489 04/16/2025 0.00 6,409,94792 0'� 0.00 77187.50 6,487135.42 TOV0 CRD RUE RIC 05/02/25 08/13/2024 0.00 7,379,75625 8943750 7,469,193.75 8923AOS20 7,500,000.00 4.91 05/02/2025 0.00 7,379,75625 0.00 0.00 89,43750 7,469193.75 CREDIT AGRI NY 05/09/25 08/13/2024 0.00 4917,866.67 57,750.00 4,975,616.67 22533T598 5,000,00000 4.76 05/09/2025 0.00 4917,866.67 0.00 0.00 5775000 4,975,616.67 MUFG BANK NY 08/15/25 11/19/2024 0.00 4661261.11 55250.00 4916,51111 62479LVF9 5,000,000.00 455 08/15/2025 0.00 4,86126111 0.00 0.00 55,250.00 4,916,51111 TOTAL 4.72 64,748.19 29,832,998.34 0.01 (1,018,580.31) (736,955.30) 29,096,043.04 64,748.19 29,832,998.34 (736,855.30) 29,096,043.04 CONSTRUCTION FUNDS 2023-CEDAR PARK TexStar Cedar Park 79,786.72 7,390,128.79 79,788.72 7,469,91751 TD(SiAR-0P 7,469917.51 4' 03/31/2025 79,788.72 7,390128.79 79.788.72 0.00 79,78872 7,469,91751 79,78672 7,390,128.79 79,79272 7p69,917.51 TOTAL la79,78672 7,390,Y28.79 �'78'� 0.00 79,79672 7,469,917.51 CONSTRUCTION FUNDS 2023-ROUND ROCK TexStar Round Rock 114499.02 10,865,04718 (938,078.641 9,926,968.54 TD�TAR-RR 9,926,968.54 4.36 03/31/2025 114499.02 10,865,04718 0.00 (938.078.64) (938,078.64) 9,926,968.54 TOTAL 4.6 T 02 10,866,04738 0.00 (938,078.64) (938,078.84) 1114,499.02 10,666,04739 (938,078.54) 9,926,968.54 25 BRUSHY CREEK RUA I MARCH 31,2025 / MEEDER PUBLIC FUNDS Change in Value BEGINNING BOOK CHANGE IN ENDING BOOK VALUE BOOK VALUE VALUE ISSUER TRADE DATE INTEREST ACCRUAL BEGINNING MARKET PURCHASES/ CHANGE IN ENDING MARKET IDENTIFIER PAR VALUE YIELD MATURITY DATE INTEREST RECEIVED VALUE ADDITIONS REDEMPTIONS MARKET VALUE VALUE CONSTRUCTION FUNDS 2024- LEANDER .". TexSter Leander 03/31/2025 55,585.70 0.00 21,335.98970 21,335,989.70 16.59 fAR-LD 21,335,98970 43" 03/31/2025 55,585.70 0.00 21.335,98970 0.00 21,335,98970 21,335,98970 55,585.70 0.0O 21,335,989.70 21,335,989.70 TOTAL 4.36 55,585.700.0021 '� 0.00 21,335,989.70 21,335,9811.70 CONSTRUCTION FUNDS 2024-ROUND ROCK TexStar Rand Rock 03/31/2025 48,714.68 0.00 18,698,619.68 18,698,619.68 TEXSTAR-RR 18,698.619738 4'36 03/31/2025 48,714.68 0.00 18,698,619.68 0.00 18,698,619.68 18,698,619.68 TOTAL 4.38 �' 0.00 Y.898A19AS 020 9I,698.619.08 16.096,1028 48,714.68 0.00 18,598,519.68 18,098,61928 CONSTRUCTION FUNDS-2O22SWIFT TexStar Leander 287,50524 27.264370.37 (2407,988.33) 24,856,382.04 TEXSTAR-LD 2g856,382.04 436' 03/31/2025 287.50524 27,264,37037 0.00 (' '33) (2,407, R33) 24.856382.04 TOTAL 4.36 287,+D538 27,264,370.37 0.00 (2,407,5)88.33) (2,407,988.33) 24,8.56,38204 287,505.24 27,264,370.37 (2,407,988.33) 24,856,38204 ESCROW FUNDS 2021- CEDAR PARK FEDERAL HOME LOAN BANKS 4.81 01/29/2024 9,018.75 7,499975.54 (7,499,97554) 0.00 01/10/2025 4.82 01/10/2025 180.375.00 7,500,150.00 0.00 p,500,000.00) (7.500,150.00) 0.00 0.00 DREYFUSGVTCMINST 149,962.40 7,369,674.03 7,803,708.26 15,173,38229 X9USDDGCM 15173,362.29 423 03/31/21325 123,33326 7,369,674.03 7,803,708.26 0.00 7,803,70826 15,173,382.29 TOTAL 423 786.96116 7,803,706.26 (7,500,000.00) '�-n 15,173,38229 302,70626 14,869,824.03 303,66626 15,173,382.29 LEANDER-ESFD24 26 BRUSHY CREEKRUAIMARCH31,2025 /\ MEEDER PUBLIC FUNDS Change in Value BEGINNING BOOK CHANGE IN ENDING BOOK VALUE BOOK VALUE VALUE ISSUER TRADE DATE INTEREST ACCRUAL BEGINNING MARKET PURCHASES/ CHANGE IN ENDING MARKET IDENTIFIER PAR VALUE YIELD MATURITY DATE INTEREST RECEIVED VALUE ADDITIONS REDEMPTIONS MARKET VALUE VALUE US DOLLAR 0.00 38,955,393.49 (21 280 404.00) 17,674,989.49 CCYUSD 17,674,989.49 0.00 03/31/2025 0.00 38,955,393.49 0.00 000 (21,280,404.00) 17,674,989.49 0.00 38,955,393A9 (21,280,404.00) T7,674,SSSAS TOTAL MOO 0.00 38,955,393.49 0.00 0.00 (21,280,404.00) 17,674,089AS OPERATING FUNDS TexStar Master Operating 43272.46 2,748,777.34 499.668.59 3248,445.93 TEXSTAR-MO 3248.445.93 4.36 03/31/2025 43272.46 2,748,777.34 922,08783 (422,41924) 499.668.59 3248,445.93 Welts Fargo Analyzed Business 1,040.40 757,026.15 4,83006 761,85621 2550665125 Checking Plea PF 0.68 259 03/31/2025 1,040.40 757,026.15 22, .37 (17,429.31) 4.830.06 761,85621 761,85621 TOTAL 3.88 44, 3,5 S44y{7.20 (439,848.55) 504,498.65 4, 14 ROUND ROCK-ESFD24 CCYl18D US DOLLAR 0.00 0.00 31,337,516.00 000 - 0.00 (18,649,905.00) 12,887611.00 12,687,61100 03/31/2025 000 31,337,516.00 (18,649,905 00) 12,687,61100 0.00 31,337,516.00 (18,649,905.00) 12,687,611.00 TOTAL 0.000,00 31,337,516.00 0'00 0.00 (18,649,905.00) 12,687,611,00 GRAND TOTAL sS0 1,059,067� 168,5T7 1,334.53 I 7 (12,963,713.96) (4,152,962E8) 166,424,371.85 27 Disclosure Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio.The information should not be used for audit or confirmation purposes Please review your custodial statements and t erx,a t any inaccuracies or discrepancies. 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