Loading...
R-2026-040 - 2/12/2026 RESOLUTION NO. R-2026-040 WHEREAS, Chapter 2256, Texas Government Code, Section 2256.023 of the Public Funds Investment Act states that a written report of investments be submitted to the governing body at least quarterly; and WHEREAS, a Quarterly Investment Report for the quarter ending December 31, 2025 for the City of Round Rock has been submitted to the City Council; and WHEREAS,the City Council desires to acknowledge the receipt and acceptance of the attached Quarterly Investment Report, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,TEXAS, That the Quarterly Investment Report, attached hereto as Exhibit"A"and incorporated herein,is hereby received and accepted. The City Council hereby finds and declares that written notice of the date,hour,place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 12th day of February, 2026. 1'f Al C OR AN, Mayor City o RoungrRock, Texas ATTEST: a4'�Jdu�' AN&FRANKLIN, City Clerk 0112.20262 r EXHIBIT A ROUND ROCK TEXAS FINANCE QUARTERLY INVESTMENT REPORT For the Quarter Ended December 31, 2025 Prepared by Valley View Consulting, L.L.C. The investment portfolio of the City of Round Rock. Texas is in compliance with the Public Funds Investment Act and the Investment Policy and Strategies. Signature withheld for security purposes Signature withheld for security purposes Chief Financial Officer Deputy Chief Financial Officer Signature withheld for security purposes Signature withheld for security purposes Controller Treasury Accountant Valley Vie C nsulting. LLC Dated Disclaimer:These reports were compiled using information provided by the City. No procedures were performed to test the accuracy or completeness of this information. The market values included in these reports were obtained by Valley View Consulting,L.L.C.from sources believed to be accurate and represent proprietary valuation. Due to market fluctuations these levels are not necessarily reflective of current liquidation values. Yield calculations are not determined using standard performance formulas,are not representative of total return yields and do not account for investment advisor fees. y Summary Holdings by Investment Category (Security Sector) December 31, 2025 YTM Description Cost Book Value Market Value Cash 0.00% $ 6,422,703 $ 6,422,703 Certificates of Deposit 4.02% 160,684,794 160,684,794 Local Government Investment Pool 3.89% 120,233,887 120,233,887 Money Market Accounts 3.90% 1 64,315,086 64,315,086 US Agency 4.52% 157,982,099 158,442,453 US Treasury 4.25% 4,899,221 4,915,933 Total/Average 4.08% $ 514,537,791 $ 515,014,856 September 30, 2025 YTM @ Description Cost Book Value Market Value Cash 0.08% $ 26,576,839 $ 26,576,839 Certificates of Deposit 4.14% 159,118,068 159,118,068 Local Government Investment Pool 4.35% 111,949,545 111,949,545 Money Market Accounts 4.30% 1 63,687,443 1 63,687,443 US Agency 4.62% 177,896,942 178,546,851 US Treasury 4.65% 9,855,258 9,875,531 Total/Average 4.17% $ 549,084,095f$-549,754,277 Average Yield Current Fiscal Year- Quarter(1) to-Date(2) Total Portfolio 4.08% 4.08% TexPool Yield 3.83% 3.83% Rolling Three Mo. Treas. Yield 3.85% 3.85% Rolling Six Mo. Treas. Yield 3.89% 3.89% Rolling 1 Yr. Treas. Yield 3.93% 3.93% Rolling 2 Yr. Treas. Yield 4.09% 4.09% Investment Income(3) Interest Income(Approximate) $ 5,511,419 $ 5,511,419 WAM at 12/31/2025 Policy WAM Max Total Portfolio 149 days 540 days Pooled Funds 168 days 540 days (1)Average Yield calculated using quarter end report yields and adjusted book values and does not reflect a total return analysis or account for advisory fees. (2)Fiscal Year-to-Date Average Yields calculated using quarter end report yields and adjusted book values and does not reflect a total return analysis or account for advisory fees. (3)Investment Income includes coupon interest,accrued interest,and discount and premium amortization. 1 City of Round Rock Valley View Consulting, L.L.C. Valley View Cnnsulbnw,L.L.C. Economic Overview 12/31/2025 The Federal Open Market Committee(FOMC)cut the Fed Funds target again 12/10 to 3.50%-3.75%(Effective Fed Funds trade+/-3.64%). Additional rate cuts during 2026 are uncertain, but could include one spring and one fall. December Non-Farm Payroll only added 50k(slightly below 60k expectation). 2025 averaged 49k per month. The S&P 500 Stock Index almost reached 7,000. The yield curve dips between 1 and 2 years rising thereafter. Crude Oil held steady below$60. Inflation continues above the FOMC 2%target(Core PCE+/-2.8%September). The Markets have had muted reactions to uncertain economic and political events. 5.00 Treasury Yield Curves 6,000 S&P 500 4.50 4.00 - 7,000 3.50 s ��f •�'�� 6,000 3.00 - 5,000 2.50 --- 4,000 2.00 1.50 3,000 1.00 -- 2,000 0.50 1,000 0.00 O.�h \'fl' \�'S \1,h S\ �� '3 SJ SJ 'SJ December 31,2024 September 30,2025 •December 31,2025 6.00 US Treasury Historical Yields- Since 2006 6.00 US Treasury Historical Yields-Since Nov 2018 5.50 w 5.50 5.00 - i 5.00 4.50 IF VAM - 4.50 4.004.00 3.50 s.A - - 3.50 - -- 3.00 - 3.00 - 2.50 - 2.50 do - 2.00 2.00 i - 1.50 n WJ IT V. lkbli 1.50 1.00 1.00 0.50 • 0.50 - M 0.00 0.00 1 0 " ti 9 A 5 'o 1 'b 9 0 � A �a �� °b °' ti0 ti0 til ti^ titi titi 13 ti� tia tia tis by tib �Sf°9cA SIP � . � Y 4" 14"11 L'' ryU'` L� �a� ��X �a� ��� �a� S�� �a� ��� �a� ��� �a� ���- bac ��� bac. ��� bac. �� •Six Month T-BIII Two Year T-Nota - Ten Year T-Note I -Six Month T-Bill Two Year T-Note Ten Year T-Note= All numbers estimated and subject to change. Valley View Consulting,L.L.C. 2 Holdings by Investment Category December 31,2025 Pooled Debt Service Debt Service Reserve Capital Project&Special Total Funds Funds Funds Purpose Funds Portfolio DescrlpHon Book Value %of Portfolio Book Value %of Portfolio Book Value %of Portfolio Book Value %of Portfolio Book Value %of Portfolio Cash $ 6,422,703 1% $ - 0% $ - 0% $ - 0% $ 6,422,703 1% Certificates of Deposit 16Q684,794 31% - 0% - 0% - 0% 160,684,794 31% Investment Pools 60,923,299 12% 3,162,241 1% 2,369,433 0% 53,778,914 10% 120,233,887 23% Money Market Accounts 64,315,086 12% - 0% - 1 0% - 1 0% 64,315,086 12% Municipal - 0% - 0% - 0% - 0% - 0% US Agency 157,982,099 31% - 0% - 0% - 0% 157,982,099 31% US Treasury 4,899,221 1% - 0% - 0% - 0% 4,899,221 1% Total/Avera $455,227,202 5% $ 3162,241 1% $ 2,369,433 0% $ 53,778,914 100/0 $514,537,791 100% Portfolio Balances (Millions) Order of Liquidity $600 -- - - ■Cash $500 - - _ ■Local Government Investment Pool $400 - -- -- --- -- - - - - - -- ■Money Market Account $300 -- 0 U Treasury $200 ■US Agency o Municipal $100 - - _ --- - ■Certificates of Deposit $0 Pooled Funds DS Funds DSR Funds CP&SP Funds Total Portfolio 12/3112025 12/3112025 12131/2025 12/31/2025 12/3112025 City of Round Rock Valley View Consulting,L.L.C. 3 lam\ Investment Holdings by Investment Category Quarterly Transactions By Investment Category December 31,2025 December 31.2025 of Portfolio Net Cash Equivalent Description Book Value Portfolio Limitation Description Buys Sells Maturities Calls Interest Deposit/(Withdrawal) Cash $ 6,422,703 1.2% 100% Cash $ — $ — $ — $ — $ 71,263 $ (20,154,136) Investment Pools 120,233,887 23.4% 100% Investment Pools — — 1,092,760 8,284,342 Mone Market Accounts 64,315,086 12.5% 75% Mone Markets Accounts — — — 667,384 627,643 Certificates of Deposit 160,684,794 31.2% 85% Certificates of Deposit 17,981,331 16,414,605 — 1,553,648 — Commercial Paper — 0.0% 10%/5% Commercial Paper — — — —Municipal — 0.0% 350o/5% Municipal — — — — US Agency 157,982,099 30.7% 85% US Agency 19,998,444 — 40,000,000 — 2,147,250 — US Treasury4,899,221 1.0% 85% US Treasury5,000,000 — 125,000 — Total/Average $ 514,537,791 100% PASSED Totals $ 37,979,775 1 S — $ 61,414,605 $ — $ 6,667,305 $ 11,242,151 Portfolio Balances(Millions) Portfolio Composition Order of Liquidity December 31,2025 Money Market Accounts $600 12.5% ■Cash Investment Pools $500 23.4% Certificates of ■Local Government Deposit Investment Pool 31.2% $400 ■Money Market Account $300 •US Treasury Cash 1.2% $200 ■US Agency US Treasury 1.0% $100 ❑Municipal $0 ■Certificates of Deposit a ,yy tih ,yh h e' °� ^ U Agency � 4 City of Round Rock Valley View Consulting, L.L.C. City of Round Rock Pooled Funds Performance 5.50 5.00 - 4.50 4.00 — 3.50 - - - ca � 3.00 - -- - -- - a 2.50 2.00 1.50 1.00 ' Ilk♦` ' 0.50 dM�rnow '-- --� 0.00 ',o Nb N6 NA N1 N1 N1 �o ,�� ,�� �o No No No �o 0 0 ti ti `L 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0`�o`�o`�o`�o`�oti o`� o`�o`�o`� o`� oti ��� o ���� o��� ��6 �o��� o�o���6 a0oN\ti Round Rock TexPool Rolling 1.5 yr Treasury (Policy WAM max) Rolling 9 mo Treasury 5 City of Round Rock Valley View Consulting, L.L.C. =nlfz�:: VAi &AV.L.Lk. Portfolio Balances By Fund (Millions) $600 $500 ■Capital Project&Special Purpose Funds S400 ❑Debt Service Reserve Funds $300 ❑Debt Service Funds $200 5100 ■Pooled Funds SO 0^6 0^1 0�1 0,�1 0,�1 0^0 0,�0 O^0 0,�0 o,�a o^a o^A o^a o,�o oho oryo o,�o ory� o,�� O,�. ory�. oryry oryry oryry oryry ory'S o,�'S o,�'S Or�'� oryb o,�a oryP o1b ooh oryh oryh oyh ^���\ry\���ry\�o�ry rho s\���ry\h^pry\hoary\�o^����ry\h^pry\hoary\hog�h��ry\h^pry\�o�ry\ryo^�h��ry\ry^pry\�o�ry\hog�h��ry\ry^pry\hoary\hod^h��ry\h��ry\hoary\hog�h^pry\h��ry\hoary\�o��\h^dry\h ^pry\ryo�ry\ryo� �ry 6 City of Round Rock Valley View Consulting. L.L.C. y Holdings by Allocation and Portfolio Fund December 31, 2025 Coupon Settlement Face Amount/ Market Days to YTM Issuer Rate Credit Rating Date Shares Book Value Price Market Value Maturity Date Maturity Book Fund 000-Pooled Investments JPMor an Chase 0.00% 9/30/2015 $ 6,422,703 $ 6,422,703 100.00 $ 6,422,703 N/A 1 0.00% InterBank 3.90% 5/13/2025 20,553,395 20,553,395 100.00 20,553,395 N/A 1 3.90% InterBank 4.05% 5/14/2025 240,811 240,811 100.00 240,811 N/A 1 4.05% NexBank 3.90% 11/29/2016 38,126,011 38,126,011 100.00 38,126,011 N/A 1 3.90% NexBank 3.90% 1/13/2023 5,393,913 5,393,913 100.00 5,393,913 N/A 1 3.90% TexasDAILY Select 3.98% AAAm 12/3/2021 5,895,979 5,895,979 100.00 5,895,979 N/A 1 3.98% TexasDAILY 3.82% AAAm 9/30/2015 2,654,580 2,654,580 100.00 2,654,580 N/A 1 3.82% TexasDAILY 3.82% AAAm 6/1/2021 2,842 2,842 100.00 2,842 N/A 1 3.82% TexPool 3.89% AAAm 9/30/2015 52,134,868 52,134,868 100.00 52,134,868 N/A 1 3.89% TexSTAR 3.83% AAAm 9/30/2015 235,030 235,030 100.00 235,030 N/A 1 3.83% American Nat'l Bank&Trust 0.36% 10/1/2025 956 956 100.00 956 N/A 1 0.36% FHLB 4.50% Aa1/AA+ 2/14/2024 13,000,000 13,000,000 99.99 12,998,968 1/2/2026 2 4.50% Independent Financial Bank 3.40% 12/31/2024 11,260,476 11,260,476 100.00 11,260,476 1/12/2026 12 3.40% FHLB 4.70% Aal/AA+ 2/26/2024 15,000,000 15,000,000 100.10 15,015,236 2/13/2026 44 4.70% FFCB 4.63% Aa1/AA+ 3/6/2024 20,000,000 20,001,693 100.18 20,035,316 3/5/2026 64 4.57% Cornerstone Capital Bank 4.50% 9/5/2024 12,735,836 12,735,836 100.00 12,735,836 3/5/2026 64 4.50% Cornerstone Capital Bank 4.40% 9/26/2024 12,687,553 12,687,553 100.00 12,687,553 3/26/2026 85 4.40% FAMCA 4.65% 4/22/2024 10,000,000 9,990,908 100.24 10,023,655 4/8/2026 98 5.01% FFCB 4.88% Aa1/AA+ 4/25/2024 10,000,000 9,997,405 100.31 1 10,031,385 4/15/2026 105 4.97% FAMCA 4.95% 5/6/2024 10,000,000 10,000,000 100.41 10,041,366 5/6/2026 126 4.95% FFCB 4.75% Aa1/AA+ 5/9/2024 2,000,000 1,999,266 100.36 2,007,196 5/8/2026 128 4.86% FFCB 4.88% Aa1/AA+ 5/16/2024 3,000,000 3,001,155 100.42 3,012,720 5/15/2026 135 4.77% FHLB 4.88% Aa1/AA+ 6/6/2024 5,000,000 5,001,598 100.58 5,029,017 6/12/2026 163 4.79% FAMCA 4.75% 6/21/2024 20,000,000 20,000,000 100.47 20,093,324 6/18/2026 169 4.75% American Nat'l Bank&Trust 4.30% 7/9/2025 10,181,551 10,181,551 100.00 10,181,551 7/9/2026 190 4.30% American Nat'l Bank&Trust 4.25% 4/28/2025 11,296,230 11,296,230 100.00 11,296,230 7/28/2026 209 4.25% Treasury 0.63% Aa1/AA+ 12/18/2024 5,000,000 4,899,221 98.32 4,915,933 7/31/2026 212 4.25% FAMCA 4.27% 2/6/2025 15,000,000 15,000,000 100.33 15,048,899 8/6/2026 218 4.27% East West Bank 3.91% 9/2/2025 10.130,456 10,130,456 100.00 10,130,456 9/1/2026 244 3.91% American Nat'l Bank&Trust 4.20% 2/10/2025 11,328,759 11,328,759 100.00 11,328,759 9/10/2026 253 4.20% Third Coast Bank 3.75% 10/3/2024 20,893,329 20,893,329 100.00 20,893,329 10/3/2026 276 3.75% American Nat'l Bank&Trust 4.25% 7/9/2025 5,089,712 5,089,712 100.00 5,089,712 10/9/2026 282 4.25% FAMCA 4.33% 11/20/2024 15,000,000 15,000,000 100.59 15,088,833 11/20/2026 324 4.33% American Nat'l Bank&Trust 4.10% 7/9/2025 5,086,524 5,086,524 100.00 5,086,524 1/9/2027 374 4.10% American Nat'l Bank&Trust 4.00% 5/15/2025 11,264,070 11,264,070 100.00 11,264,070 2/15/2027 411 4.00% Wallis Bank 3.65% 9/15/2025 6,649,282 6,649,282 100.00 6,649,282 3/15/2027 439 3.65% American Nat'l Bank&Trust 3.90% 10/2/2025 5,513,183 5,513,183 100.00 5,513,183 4/2/2027 457 3.90% American Nat'l Bank&Trust 3.71% 10/24/2025 5,540,784 5,540,784 100.00 5,540,784 4/27/2027 482 3.71% American Nat'l Bank&Trust 4.00% 9/8/2025 11,078,189 11,078,189 100.00 11,078,189 6/8/2027 524 4.00% American Nat'l Bank&Trust 3.80% 10/15/2025 5,501,614 5,501,614 100.00 5,501,614 7/15/2027 561 3.80% FAMCA 3.62% 11/6/2025 15,000,000 15,000,000 100.15 15,022,292 8/6/2027 56:31 3.62% American Nat'l Bank&Trust 1 4.02% 1 9/9/2025 1 4,447,248 1 4,447,248 100.00 4,447,248 9/9/2027 6171 4.02% FFCB 3.50% 1 Aa1/AA+ 1 11/4/2025 5,000,000 4,990,074 1 99.88 4,994,247 10/15/2027 6531 3.61% Sub Total/Average 4.06% 1 455,345,882 455,227,202 1 100.08 455,704,267 1681 4.110/6 7 City of Round Rock Valley View Consulting, L.L.C. Holdings by Allocation and Portfolio (Fund December 31, 2025 Coupon Settlement Face Amount/ Market Days to YTM @ Issuer Rate Credit Rating Date Shares Book Value price Market Value Maturity Date Maturity Book Fund 170-Interest&Sinking GO Bonds TexasDAILY 3.82% AAAm 4/30/2016 32,409 32,409 100.00 32,409 N/A 1 3.82% TexPool 3.89% AAAm 9/30/2015 2,678,510 2,678,510 100.00 2,678,510 N/A 1 3.89% Sub Total/Average 3.89% 2,710,918 2,710,918 100.00 2,710,918 1 3.89% Fund 463-2024 GO TexPool 3.89% AAAm 5/17/2024 36,836,643 36,836,643 100.00 36,836,643 N/A 1 3.89% Sub Total/Average 3.89% 36,836,643 36,836,643 100.00 36,836,643 1 3.89% Fund 466&467-2024 CO TexPool 3.89% AAAm 5/17/2024 10,809,821 10,809,821 100.00 10,809,821 N/A 1 3.89% Sub Total/Average 3.89% 10,809,821 10,809,821 100.00 10,809,821 1 3.89% Fund 551 -2024 LTN TexPool 3.89% AAAm 5/17/2024 1,666,619 1,666,619 100.00 1,666,619 N/A 1 3.89% Sub Total/Average 3.89% 1,666,619 1,666,619 100.00 1,666,619 1 3.89% Fund 602-Interest&Sinking Revenue Bonds TexPool r 3.89% AAAm 9/30/2015 451,323 451,323 100.00 451,323 N/A 11 3.89% Sub Total/Average 1 3.89% 451,323 451,323 100.00 451,323 1 3.89% Fund 604-2022 SIB Loan TexPool 3.89% AAAm 9/29/2022 4,465,831 4,465,831 100.00 4,465,831 N/A 1 3.89% Sub Total/Average 3.89% 1 4,465,831 1 4,465,831 1 100.00 4,465,831 1 3.89% Fund 605-Kalahari Debt Service Reserve TexPool 3.89% AAAm 8/30/2019 1 2,369,433 1 2,369,433 100.00 2,369,433 N/A 11 3.890/. Sub Total/Avera a 3.89% 2,369,433 2,369,433 100.00 2,369,433 11 3.89% Total/Average 4.04% $ 514,656,471 $ 514,537,791 100.07 $ 515,014,856 1491 4.080/6 8 City of Round Rock Valley View Consulting,L.L.C. Book Value Comparison December 31, 2025 Coupon Settlement Maturity Date Beginning Book Total Buys/ Total Sells/ Ending Book Change in Book Issuer Rate Date Value Increases Decreases Value Value Fund 000-Pooled Investments JPMor an Chase N/A 9/30/2015 N/A $ 26,576,839 $ 3,008,953 $ 23,163,089 $ 6,422,703 $ 20,154,136 InterBank N/A 5/13/2025 N/A 20,115,158 438,236 - 20 553,395 438,236 InterBank N/A 5/14/2025 N/A 240,896 2,524 2,608 240,811 85 NexBank N/A 11/29/2016 N/A 35 787,977 2,338,034 38 126,011 2,338,034 NexBank N/A 1/13/2023 N/A 7,283,956 62,105 1,952,147 5,393,913 1,890,042 Ventex Community Bank N/A 9/1/2020 N/A 219,715 1,061 220,775 - 219,715 TexasDAILY Select N/A 12/3/2021 N/A 5,834,942 61,037 5,895,979 61,037 TexasDAILY N/A 9/30/2015 N/A 2,628,133 26,447 - 2,654,580 26,447 TexasDAILY N/A 6/1/2021 N/A 2,813 28 2,842 28 TexPool N/A 9/30/2015 N/A 22,415,480 29 719,388 - 52 134,868 29,719 388 TexSTAR N/A 9/30/2015 N/A 232,692 2,338 - 235,030 2,338 American Nat'l Bank&Trust N/A 10/1/2025 N/A - 40,697 39,741 956 956 American Nat'l Bank&Trust 5.00% 12/7/2023 10/2/2025 5,476,654 - 5,476,654 - 5,476,654 American Nat'l Bank&Trust 4.90% 12/14/2023 10/9/2025 5,460 975 - 5,460,975 - (5,460,975) American Nat'l Bank&Trust 5.00% 9/25/2025 10/23/2025 5,476,976 - 5,476,976 - 5,476,976 Treasury 5.00% 4/25/2024 10/31/2025 4,999,770 - 5,000,000 - 4,999,770 TVA 0.00% 1/30/2024 11/1/2025 9,961,684 - 10,000,000 9,961,684 TVA 0.00% 1/19/2024 11/1/2025 4,980,845 - 5,000,000 - 4,980,845 FNMA 0.50% 1/4/2024 11/7/2025 9,960,952 - 10,000,000 - 9,960,952 FHLB 4.75% 2/5/2024 12/12/2025 15,008,651 - 15,000,000 - 15,008,651 FHLB 4.50% 2/14/2024 1/2/2026 13,000,000 - - 13,000,000 - Inde ndent Financial Bank 3.40% 12/31/2024 1/12/2026 11,165,826 94,650 - 11,260,476 94,650 FHLB 4.70% 2/26/2024 2/13/2026 15,000,000 15,000,000 - FFCB 4.63% 3/6/2024 3/5/2026 20,004,126 20,001,693 2433 Cornerstone Capital Bank 4.50% 9/5/2024 3/5/2026 12,592,280 143,556 - 12,735,836 143,556 Cornerstone Capital Bank 4.40% 9/26/2024 3/26/2026 12,547,566 139,987 - 12,687,553 139,987 TAMC 4.65% 4/22/2024 4/8/2026 9,982,373 - - 9,990,908 8,535 FFCB 4.88% 4/25/2024 4/15/2026 9,995,131 - 9,997,405 2,274 TAMC 4.95% 5/6/2024 5/6/2026 10,000,000 10,000,000 - FFCB 4.75% 5/9/2024 5/8/2026 1,998,738 - - 1,999,266 528 FFCB 4.88% 5/16/2024 5/15/2026 3,001,941 3,001,155 787 FHLB 4.88% 6/6/2024 6/12/2026 5,002,500 - - 5001,598 902 FAMC 4.75% 6/21/2024 6/18/2026 20,000,000 - - 20,000,000 - American Nat'l Bank&Trust 4.30% 7/9/2025 7/9/2026 10,073,174 108,376 - 10,181 551 108,376 American Nat'l Bank&Trust 4.25% 4/28/2025 7/28/2026 11,177,377 118,853 11,296,230 118,853 Treasury 0.63% 12/18/2024 7/31/2026 4,855,487 - - 4,899,221 43,734 FAMCA 4.27% 2/6/2025 8/6/2026 15,000,000 - 15,000,000 440,315, East West Bank 3.91% 9/2/2025 9/1/2026 10 031,112 99,343 - 10 130,456 American Nat'l Bank&Trust 4.20% 2/10/2025 9/10/2026 11,210,956 117,803 - 11,328,759 Third Coast Bank 3.75% 10/3/2024 10/3/2026 20 699,202 194,127 20,893 329 American Nat'l Bank&Trust 4.25% 7/9/2025 10/9/2026 5,036,161 53,551 - 5,089,712 FAMCA 4.33% 11/20/2024 11/20/2026 15,000,000 15,000,000 American Nat'l Bank&Trust 4.10% 7/9/2025 1/9/2027 5,034,883 51,642 - 5,086,524 American Nat'l Bank&Trust 4.00% 5/15/2025 2/15/2027 11,152,480 111,589 - 11,264,070 Wallis Bank 3.65% 9/15/2025 3/15/2027 6,608,967 40,315 - 6,649,282 American Nat'l Bank&Trust 3.90% 10/2/2025 4/2/2027 - 5,513,183 - 5,513,183 5,513,183 American Nat'l Bank&Trust 3.71% 10/24/2025 4/27/2027 - 5,540,784 - 5,540,784 5,540,784 American Nat'l Bank&Trust 4.00% 9/8/2025 6/8/2027 10,969,741 108,448 - 11 078,189 108,448 American Nat'l Bank&Trust 3.80% 10/15/2025 7/15/2027 - 5,501,614 - 5,501,614 5,501,614 FAMCA 3.62% 11/6/2025 8/6/2027 - 15,000,000 - 15,000,000 15,000,000 American Nat'I Bank&Trust 4.02% 9/9/2025 9/9/2027 4,403,738 43,510 - 4,447,248 43,510 FFCB 3.50% 11/4/2025 10/15/2027 - 4,998,444 - 4,990,074 4,990,074 City of Round Rock Valley View Consulting, L.L.C. 9 Book Value Comparison December 31, 2025 Coupon Settlement MaturitBeginning Book Total Buys/ Total Sells/ Ending Book Change in Book Issuer Rate Date y Date Value Increases Decreases Value Value Sub Total/Average Fund 000-Pooled Investments 468 208,869 73,680,623 86,792,966 455,227,202 12,981,667 Fund 170-Interest&Sinking GO Bonds TexPool N/A 1 9/30/2015 N/A 378,671 2,299,839 - 2,678,510 2,299,839 TexasDAILY N/A 1 4/30/2016 N/A 32,086 323 32,409 1 323 Sub Total/Average Fund 170-Interest&Sinking GO Bonds 410,756 2,300,162 - 2,710,918 2,300,162 Fund 463-2024 GO TexPool N/A 5/17/2024 N/A 52,977,639 408,797 16,549,792 36,836,643 16,140,996 Sub Total/Average Fund 463-2024 GO 52,977,639 408,797 16,549,792 36,836,643 16,140,996 Fund 466&467-2024 CO TexPool N/A 5/17/2024 N/A 10,701,946 107,875 - 10,809,821 107,875 Sub Total/Average Fund 466&467-2024 CO 10,701,946 107,875 10,809,821 107,875 Fund 551 -2024 LTN TexPool N/A 5/17/2024 N/A 4,093,491 22,729 2,449,601 1,666,619 2,426,873 Sub Total/Average Fund 551-2024 LTN 4,093,491 22,729 2,449,601 1,666,619 2,426,873 Fund 602-Interest&Sinking Revenue Bonds TexPool N/A 9/30/2015 N/A 872,832 6,841 428,350 451,323 421,509 Sub Total/Average Fund 602-Interest&Sinking Revenue Bonds 872,832 6,841 428,350 451,323 421,509 Fund 604-2022 SIB Loan TexPool N/A 9/29/2022 N/A 11,068,739 61,173 6,664,081 4,465,831 6,602,908 American Nat'l Bank&Trust N/A 9/19/2023 N/A 39,741 39,741 39,741 Sub Total/Average Fund 604-2022 SIB Loan 11,108,480 61,173 6,703,822 4,465 831 6,642,649 Fund 605-Kalahari Debt Service Reserve TexPool N/A 8/30/2019 N/A 710,081 1,659,351 - 2,369,433 1,659,351 Sub Total/Average Fund 605-Kalahari Debt Service Reserve 710,081 1,659,351 - 2,369,433 1,659,351 Total/Average $ 549,084,095 1$ 78,247,551 $ 112,924,532 $ 514,537,791 1 $ 34,546,304 10 City of Round Rock Valley View Consulting, L.L.C. Market Value Comparison December 31, 2025 Issuer Coupon Settlement Maturity Date Beginning Total Buys/ Total Sells/ Ending Market Change in Rate Date Market Value Increases Decreases Value Market Value Fund 000-Pooled Investments JPMor an Chase N/A 9/30/2015 N/A $ 26,576,839 $ 3,008,953 $ 23,163,089 $ 6,422,703 $ — InterBank N/A 5/13/2025 N/A 20,115,158 438,236 — 20,553,395 InterBank N/A 5/14/2025 N/A 240,896 2,524 2,608 240,811 NexBank N/A 11/29/2016 N/A 35 787,977 2,338,034 38,126,011 — NexBank N/A 1/13/2023 N/A 7,283,956 62,105 1,952147 5,393,913 Veritex Community Bank N/A 9/1/2020 N/A 219,715 1,061 220,775 — TexasDAILY Select N/A 12/3/2021 N/A 5,834,942 61,037 — 5,895,979 — TexasDAILY N/A 9/30/2015 N/A 2,628,133 26,447 — 2,654,580 TexasDAILY N/A 6/1/2021 N/A 2,813 28 2,842 TexPool N/A 9/30/2015 N/A 22,415,480 29,719,388 — 52,134,868 TexSTAR N/A 9/30/2015 N/A 232,692 2,338 — 235,030 — American Nat'l Bank&Trust N/A 10/1/2025 N/A 40,697 39,741 956 — Amencan Nat'l Bank&Trust 5.00% 12/7/2023 10/2/2025 51476,654 — 5,476,654 — — American Nat'l Bank&Trust 4.90% 12/14/2023 10/9/2025 5,460,975 — 5,460,975 — — American Nat'l Bank&Trust 5.00% 9/25/2025 10/23/2025 5,476,976 5,476,976 — Treasury 5.00% 4/25/2024 10/31/2025 5,003,216 — 5,000,000 — 3,216 TVA 0.00% 1/30/2024 11/1/2025 9,965,700 — 10,000,000 — 34,300 TVA 0.00% 1/19/2024 11/1/2025 4,982,850 — 5,000,000 — 17,150 FNMA 0.50% 1/4/2024 11/7/2025 9,963,469 — 10,000,000 — 36,531 FHLB 4.75% 2/5/2024 12/12/2025 15,022,845 — 15,000,000 — 22,845 FHLB 4.50% 2/14/2024 1/2/2026 13,015,451 — — 12,998,968 16,483 Independent Financial Bank 3.40% 12/31/2024 1/12/2026 11,165,826 94,650 11,260,476 FHLB 4.70% 2/26/2024 2/13/2026 15,036,675 — — 15,015,236 21,440 FFCB 4.63% 3/6/2024 3/5/2026 20,060,106 — — 20 035,316 24,790 Cornerstone Capital Bank 4.50% 9/5/2024 3/5/2026 12,592,280 143,556 — 12,735 836 — Cornerstone Capital Bank 4.40% 9/26/2024 3/26/2026 12,547,566 139,987 12 687,553 FAMC 4.65% 4/22/2024 4/8/2026 10,035,884 — — 10,023,655 12,229 FFCB 4.88% 4/25/2024 4/15/2026 10,048,707 — — 10,031,385 17,322 FAMC 4.95% 5/6/2024 5/6/2026 10,061,155 — — 10,041,366 19,789 FFCB 4.75% 5/9/2024 5/8/2026 2,010,734 — 2 007,196 3,538 FFCB 4.88% 5/16/2024 5/15/2026 3,018,154 — — 3 012,720 5,434 FHLB 4.88% 6/6/2024 6/12/2026 5,035,243 — — 5,029,017 6,226 FAMC 4.75% 6/21/2024 6/18/2026 20,124,578 — — 20,093,324 31,254 American Nat'l Bank&Trust 4.30% 7/9/2025 7/9/2026 10,073,174 108,376 — 10,181,551 American Nat'l Bank&Trust 4.25% 4/28/2025 7/28/2026 11,177,377 118,853 — 11,296,230 — Treasury 0.63% 12/18/2024 7/31/2026 4,872,315 — — 4,915,933 43,618 FAMCA 4.27% 2/6/2025 8/6/2026 15,059,117 — — 15,048,899 10,218 East West Bank 3.91% 9/2/2025 9/1/2026 10,031 112 99,343 10 130,456 American Nat'l Bank&Trust 4.20% 2/10/2025 9/10/2026 11,210,956 117,803 — 11,328,759 — Third Coast Bank 3.75% 10/3/2024 10/3/2026 20,699,202 194,127 — 20 893,329 — American Nat'l Bank&Trust 4.25% 7/9/2025 10/9/2026 5,036,161 53,551 — 5,089,712 — FAMCA 4.33% 11/20/2024 11/20/2026 15,106,184 — — 15,088,833 17,351 American Nat'l Bank&Trust 4.10% 7/9/2025 1/9/2027 5,034,883 51,642 — 5,086,524 — American Nat'l Bank&Trust 4.00% 5/15/2025 2/15/2027 11,152,480 111,589 11,264,070 Wallis Bank 3.65% 9/15/2025 3/15/2027 6,608,967 40,315 — 6,649,282 American Nat'l Bank&Trust 3.90% 10/2/2025 4/2/2027 — 5,513,183 5,513,183 American Nat'l Bank&Trust 3.71% 10/24/2025 4/27/2027 — 5,540,784 5,540,784 American Nat'l Bank&Trust 4.00% 9/8/2025 6/8/2027 10,969,741 108,448 11,078,189 — American Nat'l Bank&Trust 3.80% 10/15/2025 7/15/2027 — 5,501,614 — 5,501,614 — FAMCA 3.62% 11/6/2025 8/6/2027 — 15,000,000 — 15,022,292 22,292 American Nat'l Bank&Trust 4.02% 9/9/2025 9/9/2027 4,403,738 43,510 — 4,447,248 — FFCB 3.50% 11/4/2025 10/15/2027 — 4,998,444 — 4,994,247 5,039 11 City of Round Rock Valley View Consulting, L.L.C. Market Value Comparison December 31, 2025 Coupon Settlement Beginning Total Buys/ Total Sells/ Ending Market Change in Issuer Rate Date Maturity Date Market Value Increases Decreases Value Market Value Sub TotallAvera a Fund 000-Pooled Investments 468,879,051 73 680,623 86,792,966 455,704 267 (53,204) Fund 170-Interest&Sinking GO Bonds TexPool N/A 9/30/2015 N/A 378,671 2,299 839 2,678,510 TexasDAILY N/A 4/30/2016 N/A 32,086 323 - 32,409 1 - Sub Total/Average Fund 170-Interest&Sinking GO Bonds 410,756 2,300,162 - 2,710,918 - Fund 463-2024 GO TexPool N/A 5/17/2024 N/A 52,977,639 408,797 16,549,792 36,836,643 - Sub Total/Average Fund 463-2024 GO 52,977,639 408,797 16 549,792 36,836,643 Fund 466&467-2024 CO TexPool N/A 5/17/2024 N/A 10,701,946 107,875 10,809,821 - Sub Total/Average Fund 466&467-2024 CO 10,701 946 107,875 - 10 809,821 - Fund 551 -2024 LTN TexPool N/A 5/17/2024 N/A 4,093,491 22,729 2,449,601 1,666,619 - Sub Total/Average Fund 551 -2024 LTN 4,093,491 22,729 2,449,601 1,666 619 - Fund 602-Interest&Sinking Revenue Bonds TexPool N/A 9/30/2015 N/A 872,832 6,841 428,350 451,323 - Sub Total/Average Fund 602-Interest&Sinking Revenue Bonds 872,832 6,841 428,350 451,323 - Fund 604-2022 SIB Loan TexPool N/A 9/29/2022 N/A 11,068,739 61,173 6,664,081 4,465,831 - American Nat'l Bank&Trust N/A 9/19/2023 N/A 39,741 39,741 - Sub Total/Avera a Fund 604-2022 SIB Loan 11,108,480 61,173 6,703,822 4,465 831 - Fund 605-Kalahari Debt Service Reserve TexPool N/A 8/30/2019 N/A 710,081 1,659,351 2,369,433 - Sub Total/Average Fund 605-Kalahari Debt Service Reserve 710,081 1,659,351 - 2,369,433 - Total/Average $ 549,754,277 1$ 78,247,551 $ 112,924,532 $ 515,014,856 $ 53,204 12 City of Round Rock Valley View Consulting,L.L.C. Holdings by Allocation and Portfolio Fund September 30, 2025 Coupon Settlement Face AmounU Market Days to YTM @ Issuer Credit Rating Book Value Market Value Maturity Date Rate Date Shares Price Maturity Book Fund 000-Pooled Investments JPMor an Chase 0.08% 9/30/2015 $ 26,576,839 $ 26,576,839 100.00 $ 26,576,839 N/A 1 0.08% InterBank 4.40% 5/13/2025 20,115,158 20,115,158 100.00 20,115,158 N/A 1 4.40% InterBank 4.64% 5/14/2025 240,896 240,896 100.00 240,896 N/A 1 4.64% NexBank 4.25% 11/29/2016 35,787,977 35,787,977 100.00 35,787,977 N/A 1 4.25% NexBank 4.25% 1/13/2023 7,283,956 7,283,956 100.00 7,283,956 N/A 1 4.25% Veritex Community Bank 4.22% 9/1/2020 219,715 219,715 100.00 219,715 N/A 1 4.22% TexasDAILY Select 4.29% AAAm 12/3/2021 5,834,942 5,834,942 100.00 5,834,942 N/A 1 4.29% TexasDAILY 4.14% AAAm 9/30/2015 2,628,133 2,628,133 100.00 2,628,133 N/A 1 4.14% TexasDAILY 4.14% AAAm 6/1/2021 2,813 2,813 100.00 2,813 N/A 1 4.14% TexPool 4.36% AAAm 9/30/2015 22,415,480 22,415,480 100.00 22,415,480 N/A 1 4.36% TexSTAR 4.21% AAAm 9/30/2015 232,692 232,692 100.00 232,692 N/A 1 4.21% American Nat'l Bank&Trust 5.00% 12/7/2023 5,476,654 5,476,654 100.00 5,476,654 10/2/2025 2 5.00% American Nat'l Bank&Trust 4.90% 12/14/2023 5,460,975 5,460,975 100.00 5,460,975 10/9/2025 9 4.90% American Nat'l Bank&Trust 5.00% 9/25/2025 5,476,976 5,476,976 100.00 5,476,976 10/23/2025 23 5.00% Treasury 5.00% Aal/AA+ 4/25/2024 5,000,000 4,999,770 100.06 5,003,216 10/31/2025 31 5.06% TVA 0.00% Aal/AA+ 1/19/2024 5,000,000 4,980,845 99.66 4,982,850 11/1/2025 32 4.61% TVA 0.00% Aal/AA+ 1/30/2024 10,000,000 9,961,684 99.66 9,965,700 11/1/2025 32 4.61% FNMA 0.50% Tal/AA+ 1/4/2024 10,000,000 9,960,952 99.63 9,963,469 11/7/2025 38 4.45% FHLB 4.75% Aal/AA+ 2/5/2024 15,000,000 15,008,651 100.15 15,022,845 12/12/2025 73 4.44% Independent Financial Bank 3.40% 12/31/2024 11,165,826 11,165,826 100.00 11,165,826 12/31/2025 92 3.40% FHLB 4.50% Aal/AA+ 2/14/2024 13,000,000 13,000,000 100.12 13,015,451 1/2/2026 94 4.50% FHLB 4.70% Aal/AA+ 2/26/2024 15,000,000 15,000,000 100.24 15,036,675 2/13/2026 136 4.70% FFCB 4.63% Aal/AA+ 3/6/2024 20,000,000 20,004,126 100.30 20,060,106 3/5/2026 156 4.57% Cornerstone Capital Bank 4.50% 9/5/2024 12,592,280 12,592,280 100.00 12,592,280 3/5/2026 156 4.50% Cornerstone Capital Bank 4.40% 9/26/2024 12,547,566 12,547,566 100.00 12,547,566 3/26/2026 177 4.40% FAMCA 4.65% 4/22/2024 10,000,000 9,982,373 100.36 10,035,884 4/8/2026 190 5.01% FFCB 4.88% Aal/AA+ 4/25/2024 10,000,000 9,995,131 100.49 10,048,707 4/15/2026 197 4.97% FAMCA 4.95% 5/6/2024 10,000,000 10,000,000 100.61 10,061,155 5/6/2026 218 4.95% FFCB 4.75% Aal/AA+ 5/9/2024 2,000,000 1,998,738 100.54 2,010,734 5/8/2026 220 4.86% FFCB 4.88% Aal/AA+ 5/16/2024 3,000,000 3,001,941 100.61 3,018,154 5/15/2026 227 4.77% FHLB 4.88% Aa1/AA+ 6/6/2024 5,000,000 5,002,500 100.70 5,035,243 6/12/2026 255 4.79% FAMCA 4.75% 6/21/2024 20,000,000 20,000,000 100.62 20,124,578 6/18/2026 261 4.75% American Nat'l Bank&Trust 4.30% 7/9/2025 10,073,174 10,073,174 100.00 10,073,174 7/9/2026 282 4.30% American Nat'l Bank&Trust 4.25% 4/28/2025 11,177,377 11,177,377 100.00 11,177,377 7/28/2026 301 4.25% Treasury 0.63% Aal/AA+ 12/18/2024 5,000,000 4,855,487 97.45 4,872,315 7/31/2026 304 4.25% FAMCA 4.27% 2/6/2025 15,000,000 15,000,000 100.39 15,059,117 8/6/2026 310 4.27% East West Bank 3.91% 9/2/2025 10,031,112 10,031,112 100.00 10,031,112 9/1/2026 336 3.91% American Nat'l Bank&Trust 4.20% 2/10/2025 11,210,956 11,210,956 100.00 11,210,956 9/10/2026 345 4.20% Third Coast Bank 3.75% 10/3/2024 20,699,202 20,699,202 100.00 20,699,202 10/3/2026 368 3.75% American Nat'l Bank&Trust 4.25% 7/9/2025 5,036,161 5,036,161 100.00 5,036,161 10/9/2026 374 4.25% FAMCA 4.33% 11/20/2024 15,000,000 15,000,000 100.71 15,106,184 11/20/2026 416 4.33% American Nat'l Bank&Trust 4.10% 7/9/2025 5,034,883 5,034,883 100.00 5,034,883 1/9/2027 466 4.10% American Nat'l Bank&Trust 1 4.00% 1 1 5/15/2025 11,152,480 11,152,480 100.00 1 11,152,480 1 2/15/2U71- 503 4.00% Wallis Bank 3.65% 1 9/15/2025 6,608,967 6,608,967 100.00 6,608,967 3/15/2027 531 3.65% American Nat'l Bank&Trust 1 4.00% 1 1 9/8/2025 10,969,741 10,969,741 100.00 10,969,741 6/8/2027 616 4.00% American Nat'l Bank&Trust 4.02% 9/9/2025 4,403,738 4,403,738 100.00 4,403,738 9/9/2027 709 13 City of Round Rock Valley View Consulting,L.L.C. Holdings by Allocation and Portfolio Fund September 30, 2025 Coupon Settlement Face AmounU Market Days to YTM @ Issuer Rate Credit Rating Date Shares Book Value Price Market Value Maturity Date Maturity Book Sub Total/Average 3.87% 468,456,6701 466,M,869 1 100.09 468,879,051 1 1801 4.14% Fund 170-Interest&Sinking GO Bonds TexasDAILY 4.14% AAArn 1 4/30/2016 1 32,086 1 32,086 1 100.00 32,086 1 N/A 1 4.14% TexPool 4.36% AAAm 9/30/2015 378,671 378,671 100.00 378,671 1 N/A 1 4.36% Sub Total/Average 4.34% 410,756 410,756 100.00 410,756 1 11 4.34% Fund 463-2024 GO TexPool 4.36% AAAm 5/17/2024 52,977,639 52,977,639 100.00 52,977,639 1 N/A 1 4.36% Sub Total/Average 4.36% 52,977,639 52,977,639 100.00 52,977,639 1 1 4.36% Fund 466&467-2024 CO TexPool 4.36% AAAm 5/17/2024 10,701,946 10,701,946 100.00 10,701,946 N/A 1 4.36% Sub Total/Average 4.36% 10,701,946 10,701,946 100.00 10,701,946 1 4.36% Fund 551 -2024 LTN TexPool 4.36% AAAm 5/17/2024 4,093,491 4,093,491 100.00 4,093,491 N/A 1 4.36% Sub Total/Average 4.36% 4,093,491 4,093,491 100.00 4,093,491 1 4.36% Fund 602-Interest&Sinking Revenue Bonds TexPool 14.36% AAAm 9/30/2015 872,832 872,832 100.00 872,832 N/A 1 4.36% Sub Total/Average 1 4.36% 872,832 872,832 1 100.00 872,832 1 4.36% Fund 604-2022 SIB Loan TexPool 4.36% AAAm 9/29/2022 11,068,739 11,068,739 1 100.00 11,068,739 N/A 1 4.36% American Nat'l Bank&Trust 0.45% 9/19/2023 39,741 39,741 100.00 39,741 N/A 1 0.45% Sub Total/Average 4.34% 1 11,108,480 1 11,108,480 100.00 1 11,108,480 1 11 4.34% Fund 605-Kalahari Debt Service Reserve TexPool 4.36% AAAm 8/30/2019 710,081 710,081 100.00 710,081 N/A 11 4.36% Sub Total/Average 4.36% 710,081 710,081 100.00 710,081 1 4.36% Total/Average 3.94% 1$ 549,331,896 1$ 549,084,095 100.08 $ 549,754,277 154 4.1701 14 City of Round Rock Valley View Consulting, L.L.C.