07/01/2022 to 09/30/2022
City of Fullerton - Aggregate
Investment Report
John Grady | Managing Director
Direct: (407) 588-0525
Mobile: (407) 701-8002
[email protected]
Mark Creger | Director, Portfolio Management
Direct: (213) 545-7452
Mobile: (323) 573-9529
[email protected]
T om Tight | Managing Director
Direct: (407) 588-9391
Mobile: (407) 765-0761
[email protected]
Manuel N. San Luis | Vice President, Portfolio Manage-
ment
Direct: (213) 545-8605
Mobile: (213) 509-3758
[email protected]
Relationship Managers Portfolio Manager
Relationship Management T eam
T able of Contents
Executive Summary
• Portfolio Overview 3
• Maturity Distribution 4
• Rating Distribution 5
• Security Distribution – Market Value 6
• Security Distribution – Historical Cost 7
Supporting Reports
• Portfolio Holdings 8
• Transactions 16
• Income 19
• GASB 40 27
• Portfolio Activity Summary 38
Disclaimers
Public Trust Advisors
3 07/01/2022 to 09/30/2022
City of Fullerton - Aggregate
Portfolio Overview
06/30/22 09/30/22
Duration 1.823 1.814
Years to Effective Maturity 0.985 1.171
Years to Final Maturity 0.986 1.172
Coupon Rate 1.237 1.371
Book Yield 0.685 1.210
Market Yield 1.623 2.834
Benchmark Yield 2.988 4.309
Portfolio Summary
Asset Allocation
Portfolio Characteristics
Summary 06/30/22 09/30/22
Historical Cost $223,842,052.14 $188,850,996.17
Book Value 223,833,234.04 188,836,094.65
Accrued Interest 193,552.94 306,882.99
Net Pending Transactions 202.02 12,182.47
Book Value Plus Accrued $224,026,989.00 $189,155,160.10 Net Unrealized Gain/Loss (4,053,042.68) (5,758,712.06) Market Value Plus Accrued $219,973,946.32 $183,396,448.04 Period Income Income
Interest Income $480,763.64
Net Amortization/Accretion Income 48,056.78
Net Realized Gain/Loss (398,576.70)
Net Income $130,243.72
Income Summary
Detail may not add to total due to rounding.
Executive Summary
Public Trust Advisors
4 07/01/2022 to 09/30/2022
City of Fullerton - Aggregate
Maturity Distribution by Security Type
Portfolio Overview
Issuer Value
United States 40.95%
(LAIFUND) State of California City 21.26%
(LAIFCRE) State of California Covid Relief
Emergency 14.37%
U.S. Bancorp 5.92%
Federal Home Loan Mortgage Corporation 2.98%
(LAIFRDA) State of California Successor Agency 2.38%
Federal National Mortgage Association 1.92%
Amazon.com, Inc. 1.82%
PACCAR Inc 1.50%
Caterpillar Inc. 1.43%
T op T en Holdings Maturity Distribution by Type
Security Distribution 0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Y ears 2-3 Y ears 3-4 Y ears 4-5 Y ears 5+ Y ears Portfolio T otal CASH $12,182.47 -- -- -- -- -- -- -- -- $12,182.47
CORP 1,128,048.59 10,059,575.60 4,499,051.66 15,686,675.86 FED INST (GSE) 933,955.86 496,148.55 1,530,602.59 5,835,390.74 2,475,685.03 11,271,782.76 LGIP 69,702,529.81 69,702,529.81
MMFUND 10,865,014.01 10,865,014.01
MUNI 752,767.01 752,767.01
US GOV 1,072,893.23 31,586,425.17 31,201,627.82 6,406,648.58 4,837,901.31 75,105,496.12 TOTAL $81,513,682.15 -- $2,376,964.16 $2,603,495.82 $47,481,391.51 $38,176,364.52 $6,406,648.58 $4,837,901.31 -- $183,396,448.04 • Maturity Distribution
Public Trust Advisors
5 07/01/2022 to 09/30/2022
City of Fullerton - Aggregate
Portfolio Overview
S&P Rating Distribution Moody’s Rating Distribution
Allocation by Standard and Poor’s Rating Allocation by Moody’s Rating S&P Rating Distribution Sep 30, 2022
Ending Balance
Portfolio
Allocation
Short T erm Rating Distribution
A-1+ $0.00 0.00%
A-1
A-2
T otal Short T erm Ratings $0.00 0.00%
Long T erm Rating Distribution
AAA $11,341,952.74 6.18%
AA $93,048,926.96 50.74%
A $9,303,038.53 5.07%
Below A
Not Rated $69,702,529.81 38.01%
T otal Long T erm Ratings $183,396,448.04 100.00%
Portfolio T otal $183,396,448.04 100.00%
Moody's Rating Distribution Sep 30, 2022
Ending Balance
Portfolio
Allocation
Short T erm Rating Distribution
P-1 $0.00 0.00%
P-2
T otal Short T erm Ratings $0.00 0.00%
Long T erm Rating Distribution
Aaa $98,382,523.96 53.64%
Aa $2,676,350.71 1.46%
A $12,635,043.56 6.89%
Below A
Not Rated $69,702,529.81 38.01%
T otal Long T erm Ratings $183,396,448.04 100.00%
Portfolio T otal $183,396,448.04 100.00%
• Rating Distribution
Public Trust Advisors
6 07/01/2022 to 09/30/2022
City of Fullerton - Aggregate
Market Value Basis Security Distribution
Asset Balance by Security Type
Security Distribution Jun 30, 2022
Ending Balance
Jun 30, 2022
Portfolio Allocation
Sep 30, 2022
Ending Balance
Sep 30, 2022
Portfolio Allocation
Change in
Allocation Book Yield
Cash $202.02 0.00% $12,182.47 0.01% 0.01% 0.00%
U.S. Treasury Notes $84,023,751.76 38.20% $75,105,496.12 40.95% 2.76% 1.46% Federal Instrumentality (GSE) 16,045,735.50 7.29% 11,271,782.76 6.15% (1.15%) 0.64% Money Market Funds $783,255.40 0.36% $10,865,014.01 5.92% 5.57% 2.46% Corporate Notes 13,819,540.14 6.28% 15,686,675.86 8.55% 2.27% 1.57% Local Government Investment Pool 104,549,381.08 47.53% 69,702,529.81 38.01% (9.52%) 0.75% Municipal Bonds 752,080.42 0.34% 752,767.01 0.41% 0.07% 0.66% Portfolio T otal $219,973,946.32 100.00% $183,396,448.04 100.00% 1.21% Portfolio Overview
• Security Distribution – Market Value
Public Trust Advisors
7 07/01/2022 to 09/30/2022
City of Fullerton - Aggregate
Historic Cost Basis Security Distribution
Asset Balance by Security Type
Portfolio Overview
Security Distribution Jun 30, 2022
Ending Balance
Jun 30, 2022
Portfolio Allocation
Sep 30, 2022
Ending Balance
Sep 30, 2022
Portfolio Allocation
Change in
Allocation Book Yield
Cash $202.02 0.00% $12,182.47 0.01% 0.01% 0.00%
U.S. Treasury Notes $86,864,682.35 38.81% $79,223,598.13 41.95% 3.14% 1.46% Federal Instrumentality (GSE) 16,548,371.76 7.39% 11,860,012.57 6.28% (1.11%) 0.64% Money Market Funds $783,255.40 0.35% $10,865,014.01 5.75% 5.40% 2.46% Corporate Notes 14,331,361.55 6.40% 16,434,841.65 8.70% 2.30% 1.57% Local Government Investment Pool 104,549,381.08 46.71% 69,702,529.81 36.91% (9.80%) 0.75% Municipal Bonds 765,000.00 0.34% 765,000.00 0.41% 0.06% 0.66% Portfolio T otal $223,842,254.16 100.00% $188,863,178.64 100.00% 1.21% • Security Distribution – Historical Cost
Public Trust Advisors
8 07/01/2022 to 09/30/2022
City of Fullerton - Aggregate
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
CASH 0.00%
Receivable
CCYUSD
0.00%
09/30/22
09/30/22
0.00 --
-- 12,182.47 $12,182.47
$12,182.47
$12,182.47
1.00 $12,182.47
$0.00 $0.00 0.01% N
--
0.00%
0.00%
0.00%
AAA
Aaa
CASH TOTAL
09/30/22
09/30/22
0.00 --
-- 12,182.47 $12,182.47
$12,182.47
$12,182.47
1.00 $12,182.47
$0.00 $0.00 0.01% N
--
0.00%
0.00%
0.00%
AAA
Aaa
MMFUND 0.00%
FIRST AMER:GVT OBLG Y
31846V203
2.47%
09/30/22
09/30/22
0.00 --
-- 10,865,014.01 $10,865,014.01
$10,865,014.01
$10,865,014.01
1.00 $10,865,014.01
$0.00 $0.00 5.92% N
--
2.46%
--
--
AAAm
Aaa
MMFUND TOTAL
09/30/22
09/30/22
0.00 --
-- 10,865,014.01 $10,865,014.01
$10,865,014.01
$10,865,014.01
1.00 $10,865,014.01
$0.00 $0.00 5.92% N
--
2.46%
--
--
AAAm
Aaa
US GOV 0.00%
UNITED STATES TREASURY
9128282D1
1.38%
08/31/23
08/31/23
0.89 01/06/21
01/08/21 1,100,000.00 $1,134,761.72
$1,112,053.71
$1,071,598.00
97.42 $1,072,893.23
$1,295.23 ($40,455.71) 0.59% N
--
0.18%
4.27%
--
AA+
Aaa
UNITED STATES TREASURY
912828T91
1.62%
10/31/23
10/31/23
1.05 10/29/19
10/30/19 155,000.00 154,812.30
154,948.08
150,628.54
97.18 151,682.58
1,054.04 (4,319.54) 0.08% N
--
1.66%
4.31%
--
AA+
Aaa
UNITED STATES TREASURY
91282CAW1
0.25%
11/15/23
11/15/23
1.10 02/04/21
02/05/21 2,650,000.00 2,655,693.36
2,652,307.14
2,533,026.35
95.59 2,535,528.73
2,502.38 (119,280.79) 1.38% N
--
0.17%
4.31%
--
AA+
Aaa
UNITED STATES TREASURY
91282CBA8
0.12%
12/15/23
12/15/23
1.18 --
-- 2,290,000.00 2,284,884.96
2,287,569.29
2,179,525.82
95.18 2,180,370.49
844.67 (108,043.47) 1.19% N
--
0.21%
4.27%
--
AA+
Aaa
UNITED STATES TREASURY
912828V23
2.25%
12/31/23
12/31/23
1.21 02/13/19
02/15/19 240,000.00 236,887.50
239,167.97
234,140.64
97.56 235,505.31
1,364.67 (5,027.33) 0.13% N
--
2.53%
4.27%
--
AA+
Aaa
UNITED STATES TREASURY
91282CDR9
0.75%
12/31/23
12/31/23
1.22 01/27/22
01/28/22 1,280,000.00 1,270,400.00
1,273,751.14
1,225,600.00
95.75 1,228,026.09
2,426.09 (48,151.14) 0.67% N
--
1.15%
4.28%
--
AA+
Aaa
UNITED STATES TREASURY
91282CBE0
0.12%
01/15/24
01/15/24
1.26 06/03/21
06/07/21 1,925,000.00 1,918,458.01
1,921,760.09
1,824,840.32
94.80 1,825,350.35
510.02 (96,919.76) 1.00% N
--
0.26%
4.31%
--
AA+
Aaa
UNITED STATES TREASURY
912828V80
2.25%
01/31/24
01/31/24
1.29 03/26/19
03/28/19 525,000.00 525,430.66
525,124.94
511,116.38
97.36 513,106.52
1,990.15 (14,008.57) 0.28% N
--
2.23%
4.31%
--
AA+
Aaa
Portfolio Holdings
Supporting Reports
Public Trust Advisors
9 07/01/2022 to 09/30/2022
City of Fullerton - Aggregate
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
UNITED STATES TREASURY
91282CBM2
0.12%
02/15/24
02/15/24
1.35 --
-- 4,950,000.00 4,915,702.14
4,930,713.74
4,676,977.80
94.48 4,677,768.05
790.25 (253,735.94) 2.55% N
--
0.41%
4.30%
--
AA+
Aaa
UNITED STATES TREASURY
912828W71
2.12%
03/31/24
03/31/24
1.45 06/09/22
06/10/22 1,770,000.00 1,750,640.63
1,753,908.61
1,714,135.26
96.84 1,714,238.59
103.33 (39,773.35) 0.93% N
--
2.75%
4.32%
--
AA+
Aaa
UNITED STATES TREASURY
91282CBV2
0.38%
04/15/24
04/15/24
1.50 05/25/21
05/27/21 1,120,000.00 1,122,887.50
1,121,542.52
1,054,856.32
94.18 1,056,795.66
1,939.34 (66,686.20) 0.58% N
--
0.29%
4.32%
--
AA+
Aaa
UNITED STATES TREASURY
91282CEK3
2.50%
04/30/24
04/30/24
1.51 07/07/22
07/08/22 1,960,000.00 1,940,246.88
1,942,733.79
1,905,947.12
97.24 1,926,452.55
20,505.43 (36,786.67) 1.05% N
--
3.07%
4.32%
--
AA+
Aaa
UNITED STATES TREASURY
91282CCC3
0.25%
05/15/24
05/15/24
1.59 06/03/21
06/07/21 3,250,000.00 3,242,763.68
3,245,995.44
3,045,477.50
93.71 3,048,546.45
3,068.95 (200,517.94) 1.66% N
--
0.33%
4.30%
--
AA+
Aaa
UNITED STATES TREASURY
912828XT2
2.00%
05/31/24
05/31/24
1.60 07/09/19
07/11/19 200,000.00 201,195.31
200,419.62
192,671.80
96.34 194,016.06
1,344.26 (7,747.82) 0.11% N
--
1.87%
4.30%
--
AA+
Aaa
UNITED STATES TREASURY
91282CCG4
0.25%
06/15/24
06/15/24
1.67 10/04/21
10/06/21 3,050,000.00 3,034,750.00
3,040,319.67
2,849,249.00
93.42 2,851,499.00
2,250.00 (191,070.67) 1.55% N
--
0.44%
4.29%
--
AA+
Aaa
UNITED STATES TREASURY
9128286Z8
1.75%
06/30/24
06/30/24
1.69 --
-- 4,025,000.00 4,129,534.17
4,090,770.91
3,854,565.40
95.77 3,872,366.18
17,800.78 (236,205.51) 2.11% N
--
0.81%
4.29%
--
AA+
Aaa
UNITED STATES TREASURY
91282CCL3
0.38%
07/15/24
07/15/24
1.75 08/05/21
08/09/21 1,235,000.00 1,234,855.27
1,234,911.71
1,153,422.08
93.39 1,154,403.70
981.62 (81,489.64) 0.63% N
--
0.38%
4.24%
--
AA+
Aaa
UNITED STATES TREASURY
91282CCT6
0.38%
08/15/24
08/15/24
1.83 --
-- 2,600,000.00 2,589,589.86
2,593,068.69
2,419,523.60
93.06 2,420,768.84
1,245.24 (173,545.09) 1.32% N
--
0.52%
4.27%
--
AA+
Aaa
UNITED STATES TREASURY
91282CDB4
0.62%
10/15/24
10/15/24
1.98 10/28/21
10/29/21 2,725,000.00 2,713,291.02
2,716,913.85
2,534,037.45
92.99 2,541,901.61
7,864.16 (182,876.40) 1.39% N
--
0.77%
4.25%
--
AA+
Aaa
UNITED STATES TREASURY
912828YM6
1.50%
10/31/24
10/31/24
2.00 07/01/21
07/06/21 350,000.00 360,978.52
356,910.78
331,064.30
94.59 333,261.31
2,197.01 (25,846.48) 0.18% N
--
0.54%
4.24%
--
AA+
Aaa
UNITED STATES TREASURY
91282CDH1
0.75%
11/15/24
11/15/24
2.06 01/27/22
01/28/22 3,125,000.00 3,072,631.84
3,085,076.34
2,904,540.62
92.95 2,913,393.38
8,852.75 (180,535.71) 1.59% N
--
1.36%
4.26%
--
AA+
Aaa
Portfolio Holdings
Supporting Reports
Public Trust Advisors
10 07/01/2022 to 09/30/2022
City of Fullerton - Aggregate
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
UNITED STATES TREASURY
912828YY0
1.75%
12/31/24
12/31/24
2.16 --
-- 4,405,000.00 4,426,862.69
4,417,459.03
4,175,631.65
94.79 4,195,113.00
19,481.35 (241,827.38) 2.29% N
--
1.62%
4.20%
--
AA+
Aaa
UNITED STATES TREASURY
91282CDZ1
1.50%
02/15/25
02/15/25
2.29 03/09/22
03/11/22 3,775,000.00 3,738,872.08
3,745,654.11
3,539,062.50
93.75 3,546,294.50
7,232.00 (206,591.61) 1.93% N
--
1.84%
4.30%
--
AA+
Aaa
UNITED STATES TREASURY
9128283Z1
2.75%
02/28/25
02/28/25
2.30 04/27/22
04/28/22 2,355,000.00 2,358,679.69
2,358,185.87
2,273,309.76
96.53 2,278,855.72
5,545.96 (84,876.11) 1.24% N
--
2.69%
4.27%
--
AA+
Aaa
UNITED STATES TREASURY
912828ZC7
1.12%
02/28/25
02/28/25
2.34 --
-- 425,000.00 435,241.21
430,990.88
394,801.62
92.89 395,211.07
409.44 (36,189.26) 0.22% N
--
0.54%
4.25%
--
AA+
Aaa
UNITED STATES TREASURY
9128284F4
2.62%
03/31/25
03/31/25
2.38 04/27/22
04/28/22 2,355,000.00 2,350,216.41
2,350,913.78
2,265,307.47
96.19 2,265,477.30
169.83 (85,606.31) 1.24% N
--
2.70%
4.25%
--
AA+
Aaa
UNITED STATES TREASURY
912828ZF0
0.50%
03/31/25
03/31/25
2.44 10/13/20
10/14/20 265,000.00 267,712.11
266,522.07
241,812.50
91.25 241,816.14
3.64 (24,709.57) 0.13% N
--
0.27%
4.22%
--
AA+
Aaa
UNITED STATES TREASURY
912828ZL7
0.38%
04/30/25
04/30/25
2.52 02/24/21
02/26/21 290,000.00 288,991.80
289,374.29
262,744.64
90.60 263,199.74
455.10 (26,629.65) 0.14% N
--
0.46%
4.25%
--
AA+
Aaa
UNITED STATES TREASURY
91282CEQ0
2.75%
05/15/25
05/15/25
2.47 06/09/22
06/10/22 2,450,000.00 2,434,017.57
2,435,650.08
2,358,029.45
96.25 2,383,478.16
25,448.71 (77,620.63) 1.30% N
--
2.98%
4.28%
--
AA+
Aaa
UNITED STATES TREASURY
9128284R8
2.88%
05/31/25
05/31/25
2.51 07/07/22
07/08/22 3,400,000.00 3,381,273.44
3,382,749.62
3,281,132.60
96.50 3,313,983.01
32,850.41 (101,617.02) 1.81% N
--
3.07%
4.27%
--
AA+
Aaa
UNITED STATES TREASURY
912828ZT0
0.25%
05/31/25
05/31/25
2.60 --
-- 515,000.00 512,649.23
513,585.15
463,339.32
89.97 463,772.00
432.68 (50,245.83) 0.25% N
--
0.35%
4.27%
--
AA+
Aaa
UNITED STATES TREASURY
912828Y79
2.88%
07/31/25
07/31/25
2.67 08/29/22
08/30/22 3,400,000.00 3,346,609.38
3,348,143.25
3,276,352.20
96.36 3,292,820.95
16,468.75 (71,791.05) 1.80% N
--
3.44%
4.25%
--
AA+
Aaa
UNITED STATES TREASURY
91282CAB7
0.25%
07/31/25
07/31/25
2.77 05/25/21
05/27/21 635,000.00 625,847.07
628,774.73
567,754.77
89.41 568,022.23
267.46 (61,019.96) 0.31% N
--
0.60%
4.26%
--
AA+
Aaa
UNITED STATES TREASURY
91282CFE6
3.12%
08/15/25
08/15/25
2.70 08/29/22
08/30/22 2,265,000.00 2,244,650.39
2,245,226.76
2,195,987.72
96.95 2,205,027.71
9,040.00 (49,239.05) 1.20% N
--
3.45%
4.26%
--
AA+
Aaa
Portfolio Holdings
Supporting Reports
Public Trust Advisors
11 07/01/2022 to 09/30/2022
City of Fullerton - Aggregate
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
UNITED STATES TREASURY
91282CAM3
0.25%
09/30/25
09/30/25
2.93 05/25/21
05/27/21 635,000.00 624,458.01
627,695.77
564,430.54
88.89 564,434.91
4.36 (63,265.23) 0.31% N
--
0.64%
4.23%
--
AA+
Aaa
UNITED STATES TREASURY
91282CAT8
0.25%
10/31/25
10/31/25
3.01 01/06/21
01/08/21 475,000.00 471,418.95
472,697.58
420,727.45
88.57 421,224.39
496.94 (51,970.13) 0.23% N
--
0.41%
4.24%
--
AA+
Aaa
UNITED STATES TREASURY
91282CAZ4
0.38%
11/30/25
11/30/25
3.08 02/04/21
02/05/21 400,000.00 398,781.25
399,196.57
354,703.20
88.68 355,207.30
504.10 (44,493.37) 0.19% N
--
0.44%
4.23%
--
AA+
Aaa
UNITED STATES TREASURY
91282CBC4
0.38%
12/31/25
12/31/25
3.16 --
-- 950,000.00 936,994.14
940,858.50
840,193.30
88.44 841,093.61
900.31 (100,665.20) 0.46% N
--
0.68%
4.22%
--
AA+
Aaa
UNITED STATES TREASURY
91282CBH3
0.38%
01/31/26
01/31/26
3.24 03/29/21
03/31/21 230,000.00 224,914.84
226,475.85
202,615.74
88.09 202,761.05
145.31 (23,860.11) 0.11% N
--
0.84%
4.24%
--
AA+
Aaa
UNITED STATES TREASURY
91282CBQ3
0.50%
02/28/26
02/28/26
3.32 --
-- 1,565,000.00 1,535,120.32
1,541,923.97
1,381,173.54
88.25 1,381,843.63
670.10 (160,750.43) 0.75% N
--
0.94%
4.23%
--
AA+
Aaa
UNITED STATES TREASURY
91282CBT7
0.75%
03/31/26
03/31/26
3.39 05/06/21
05/10/21 650,000.00 649,060.55
649,325.17
577,255.90
88.81 577,269.29
13.39 (72,069.27) 0.31% N
--
0.78%
4.22%
--
AA+
Aaa
UNITED STATES TREASURY
91282CBW0
0.75%
04/30/26
04/30/26
3.45 07/01/21
07/06/21 375,000.00 372,802.74
373,358.43
332,211.75
88.59 333,388.72
1,176.97 (41,146.68) 0.18% N
--
0.87%
4.21%
--
AA+
Aaa
UNITED STATES TREASURY
91282CCF6
0.75%
05/31/26
05/31/26
3.54 08/05/21
08/09/21 675,000.00 676,555.67
676,190.79
596,293.65
88.34 597,994.98
1,701.33 (79,897.14) 0.33% N
--
0.70%
4.22%
--
AA+
Aaa
UNITED STATES TREASURY
91282CCJ8
0.88%
06/30/26
06/30/26
3.61 10/04/21
10/06/21 485,000.00 484,242.19
484,398.43
429,547.04
88.57 430,619.51
1,072.47 (54,851.39) 0.23% N
--
0.91%
4.20%
--
AA+
Aaa
UNITED STATES TREASURY
91282CCP4
0.62%
07/31/26
07/31/26
3.71 09/01/21
09/03/21 800,000.00 794,218.75
795,468.50
699,968.80
87.50 700,811.19
842.39 (95,499.70) 0.38% N
--
0.78%
4.19%
--
AA+
Aaa
UNITED STATES TREASURY
91282CCZ2
0.88%
09/30/26
09/30/26
3.85 10/28/21
10/29/21 1,200,000.00 1,182,796.88
1,185,950.82
1,056,140.40
88.01 1,056,169.25
28.85 (129,810.42) 0.58% N
--
1.18%
4.16%
--
AA+
Aaa
UNITED STATES TREASURY
912828YX2
1.75%
12/31/26
12/31/26
4.00 04/27/22
04/28/22 680,000.00 649,267.19
651,925.06
617,923.48
90.87 620,930.82
3,007.34 (34,001.58) 0.34% N
--
2.79%
4.11%
--
AA+
Aaa
Portfolio Holdings
Supporting Reports
Public Trust Advisors
12 07/01/2022 to 09/30/2022
City of Fullerton - Aggregate
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
UNITED STATES TREASURY
91282CEC1
1.88%
02/28/27
02/28/27
4.16 03/09/22
03/11/22 875,000.00 875,410.16
875,368.03
797,309.62
91.12 798,714.58
1,404.96 (78,058.41) 0.44% N
--
1.87%
4.09%
--
AA+
Aaa
UNITED STATES TREASURY
91282CEF4
2.50%
03/31/27
03/31/27
4.19 04/27/22
04/28/22 210,000.00 207,301.17
207,522.75
196,292.67
93.47 196,307.09
14.42 (11,230.08) 0.11% N
--
2.78%
4.10%
--
AA+
Aaa
UNITED STATES TREASURY
91282CET4
2.62%
05/31/27
05/31/27
4.29 06/09/22
06/10/22 710,000.00 696,105.08
696,912.36
666,873.18
93.93 673,136.60
6,263.42 (30,039.18) 0.37% N
--
3.05%
4.07%
--
AA+
Aaa
UNITED STATES TREASURY
91282CEW7
3.25%
06/30/27
06/30/27
4.31 07/07/22
07/08/22 325,000.00 327,843.75
327,721.37
313,409.20
96.43 316,078.53
2,669.33 (14,312.17) 0.17% N
--
3.06%
4.08%
--
AA+
Aaa
UNITED STATES TREASURY
9128282R0
2.25%
08/15/27
08/15/27
4.53 08/29/22
08/30/22 1,275,000.00 1,214,288.09
1,215,277.52
1,172,900.55
91.99 1,176,564.44
3,663.89 (42,376.97) 0.64% N
--
3.30%
4.08%
--
AA+
Aaa
US GOV TOTAL
12/31/24
12/31/24
2.16 --
-- 79,575,000.00 $79,223,598.13
$79,241,465.13
$74,882,180.51
94.18 $75,105,496.12
$223,315.61 ($4,359,284.62) 40.95% N
--
1.46%
4.26%
--
AA+
Aaa
GSE 0.00%
FEDERAL HOME LOAN
MORTGAGE CORP
3137EAEV7
0.25%
08/24/23
08/24/23
0.88 08/19/20
08/21/20 1,585,000.00 $1,583,383.30
$1,584,516.68
$1,530,195.33
96.54 $1,530,602.59
$407.26 ($54,321.35) 0.83% N
--
0.28%
4.21%
--
AA+
Aaa
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
3135G06H1
0.25%
11/27/23
11/27/23
1.13 11/23/20
11/25/20 2,340,000.00 2,337,332.40
2,338,972.31
2,235,937.39
95.55 2,237,952.39
2,015.00 (103,034.92) 1.22% N
--
0.29%
4.22%
--
AA+
Aaa
FEDERAL HOME LOAN
MORTGAGE CORP
3137EAFA2
0.25%
12/04/23
12/04/23
1.15 12/02/20
12/04/20 1,810,000.00 1,808,208.10
1,809,296.49
1,727,222.02
95.43 1,728,692.65
1,470.62 (82,074.47) 0.94% N
--
0.28%
4.27%
--
AA+
Aaa
FEDERAL FARM CREDIT BANKS
FUNDING CORP
3133EMRZ7
0.25%
02/26/24
02/26/24
1.37 02/22/21
02/26/21 1,975,000.00 1,974,289.00
1,974,667.00
1,868,265.67
94.60 1,868,745.70
480.03 (106,401.33) 1.02% N
--
0.26%
4.25%
--
AA+
Aaa
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
3135G0X24
1.62%
01/07/25
01/07/25
2.18 06/29/20
06/30/20 300,000.00 316,167.00
308,144.94
283,073.16
94.36 284,210.66
1,137.50 (25,071.78) 0.15% N
--
0.42%
4.26%
--
AA+
Aaa
Portfolio Holdings
Supporting Reports
Public Trust Advisors
13 07/01/2022 to 09/30/2022
City of Fullerton - Aggregate
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
FEDERAL HOME LOAN
MORTGAGE CORP
3137EAEP0
1.50%
02/12/25
02/12/25
2.28 02/13/20
02/14/20 825,000.00 824,364.75
824,693.25
774,974.47
93.94 776,658.84
1,684.38 (49,718.78) 0.42% N
--
1.52%
4.22%
--
AA+
Aaa
FEDERAL HOME LOAN BANKS
3130AJHU6
0.50%
04/14/25
04/14/25
2.46 04/15/20
04/16/20 450,000.00 447,768.00
448,858.54
408,525.62
90.78 409,569.36
1,043.75 (40,332.92) 0.22% N
--
0.60%
4.37%
--
AA+
Aaa
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
3135G04Z3
0.50%
06/17/25
06/17/25
2.64 06/29/20
06/30/20 300,000.00 300,588.00
300,322.73
271,182.90
90.39 271,616.24
433.33 (29,139.82) 0.15% N
--
0.46%
4.29%
--
AA+
Aaa
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
3135G05X7
0.38%
08/25/25
08/25/25
2.83 08/25/20
08/27/20 820,000.00 816,162.40
817,761.25
733,322.42
89.43 733,629.92
307.50 (84,438.82) 0.40% N
--
0.47%
4.29%
--
AA+
Aaa
GSE TOTAL
04/10/24
04/10/24
1.49 --
-- 10,405,000.00 $10,408,262.95
$10,407,233.19
$9,832,698.98
94.54 $9,841,678.36
$8,979.37 ($574,534.21) 5.37% N
--
0.42%
4.25%
--
AA+
Aaa
GSE MBS 0.00%
FHMS K-026 A2
3137B1BS0
2.51%
11/01/22
11/25/22
0.09 05/21/19
05/24/19 934,112.44 $934,659.78
$932,650.19
$932,002.00
99.77 $933,955.86
$1,953.85 ($648.18) 0.51% Y
--
2.45%
--
--
AA+
Aaa
FHMS K-033 A2
3137B4WB8
3.06%
06/08/23
07/25/23
0.67 12/12/19
12/17/19 500,000.00 517,089.84
502,668.00
494,873.55
98.97 496,148.55
1,275.00 (7,794.45) 0.27% Y
--
1.99%
--
--
AA+
Aaa
GSE MBS TOTAL
01/16/23
02/17/23
0.29 --
-- 1,434,112.44 $1,451,749.62
$1,435,318.19
$1,426,875.55
99.50 $1,430,104.41
$3,228.85 ($8,442.64) 0.78% Y
--
2.29%
--
--
AA+
Aaa
MUNI 0.00%
OREGON
68609TUS5
0.66%
05/01/23
05/01/23
0.57 --
06/17/20 255,000.00 $255,000.00
$255,000.00
$250,226.40
98.13 $250,922.34
$695.94 ($4,773.60) 0.14% N
--
0.66%
3.92%
--
AA+
Aa1
OREGON
68609TWB0
0.66%
05/01/23
05/01/23
0.57 --
06/17/20 510,000.00 510,000.00
510,000.00
500,452.80
98.13 501,844.68
1,391.88 (9,547.20) 0.27% N
--
0.66%
3.92%
--
AA+
Aa1
MUNI TOTAL
05/01/23
05/01/23
0.57 --
06/17/20 765,000.00 $765,000.00
$765,000.00
$750,679.20
98.13 $752,767.01
$2,087.81 ($14,320.80) 0.41% N
--
0.66%
3.92%
--
AA+
Aa1
CORP 0.00%
Portfolio Holdings
Supporting Reports
Public Trust Advisors
14 07/01/2022 to 09/30/2022
City of Fullerton - Aggregate
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
MICROSOFT CORP
594918AT1
2.38%
05/01/23
05/01/23
0.57 04/28/20
04/30/20 465,000.00 $487,724.55
$467,779.16
$460,154.70
98.96 $464,756.26
$4,601.56 ($7,624.46) 0.25% Y
02/01/23
0.58%
4.19%
5.55%
AAA
Aaa
APPLE INC
037833DV9
0.75%
05/11/23
05/11/23
0.60 05/04/20
05/11/20 675,000.00 673,164.00
674,622.16
661,323.58
97.97 663,292.33
1,968.75 (13,298.58) 0.36% N
--
0.84%
4.13%
--
AA+
Aaa
PEPSICO INC
713448FB9
0.40%
10/07/23
10/07/23
1.00 --
10/07/20 720,000.00 719,589.60
719,860.38
692,812.80
96.22 694,204.80
1,392.00 (27,047.58) 0.38% N
--
0.42%
4.22%
--
A+
A1
CATERPILLAR FINANCIAL
SERVICES CORP
14913R2S5
0.95%
01/10/24
01/10/24
1.24 01/03/22
01/10/22 1,040,000.00 1,039,833.60
1,039,893.62
996,221.61
95.79 998,444.61
2,223.00 (43,672.02) 0.54% N
--
0.96%
4.37%
--
A
A2
AMAZON.COM INC
023135CD6
2.73%
04/13/24
04/13/24
1.46 04/11/22
04/13/22 1,160,000.00 1,160,000.00
1,160,000.00
1,132,277.19
97.61 1,147,055.59
14,778.40 (27,722.81) 0.63% N
--
2.73%
4.35%
--
AA
A1
AMAZON.COM INC
023135BW5
0.45%
05/12/24
05/12/24
1.57 05/11/21
05/12/21 1,330,000.00 1,328,058.20
1,328,951.69
1,247,074.26
93.76 1,249,385.14
2,310.88 (81,877.43) 0.68% N
--
0.50%
4.49%
--
AA
A1
PACCAR FINANCIAL CORP
69371RR81
3.15%
06/13/24
06/13/24
1.62 06/06/22
06/13/22 965,000.00 964,778.05
964,810.62
941,706.13
97.59 950,825.38
9,119.25 (23,104.50) 0.52% N
--
3.16%
4.64%
--
A+
A1
PACCAR FINANCIAL CORP
69371RR40
0.50%
08/09/24
08/09/24
1.81 08/03/21
08/09/21 945,000.00 944,489.70
944,683.44
876,066.61
92.71 876,749.11
682.50 (68,616.83) 0.48% N
--
0.52%
4.64%
--
A+
A1
TOYOTA MOTOR CREDIT
CORP
89236TJN6
0.62%
09/13/24
09/13/24
1.90 09/08/21
09/13/21 2,720,000.00 2,718,721.60
2,719,166.16
2,516,370.63
92.51 2,517,220.63
850.00 (202,795.54) 1.37% N
--
0.64%
4.68%
--
A+
A1
CATERPILLAR FINANCIAL
SERVICES CORP
14913R2P1
0.60%
09/13/24
09/13/24
1.90 09/08/21
09/14/21 1,755,000.00 1,752,613.20
1,753,441.71
1,625,163.85
92.60 1,625,690.35
526.50 (128,277.86) 0.89% N
--
0.65%
4.60%
--
A
A2
PACCAR FINANCIAL CORP
69371RR57
0.90%
11/08/24
11/08/24
2.03 11/02/21
11/08/21 1,000,000.00 999,940.00
999,957.77
922,458.42
92.25 926,033.42
3,575.00 (77,499.35) 0.50% N
--
0.90%
4.82%
--
A+
A1
AMAZON.COM INC
023135CE4
3.00%
04/13/25
04/13/25
2.37 04/11/22
04/13/22 955,000.00 953,481.55
953,709.16
922,194.30
96.56 935,564.30
13,370.00 (31,514.86) 0.51% N
--
3.06%
4.45%
--
AA
A1
Portfolio Holdings
Supporting Reports
Public Trust Advisors
15 07/01/2022 to 09/30/2022
City of Fullerton - Aggregate
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
HOME DEPOT INC
437076CM2
2.70%
04/15/25
04/15/25
2.38 03/24/22
03/28/22 590,000.00 588,967.50
589,138.43
562,862.33
95.40 570,960.08
8,097.75 (26,276.10) 0.31% Y
03/15/25
2.76%
4.64%
4.70%
A
A2
COLGATE-PALMOLIVE CO
194162AM5
3.10%
08/15/25
08/15/25
2.70 08/01/22
08/09/22 435,000.00 434,599.80
434,618.60
420,231.03
96.60 422,178.86
1,947.83 (14,387.57) 0.23% N
--
3.13%
4.37%
--
AA-
Aa3
WALMART INC
931142EW9
3.90%
09/09/25
09/09/25
2.74 09/06/22
09/09/22 1,525,000.00 1,523,932.50
1,523,953.09
1,497,770.26
98.21 1,501,404.84
3,634.58 (26,182.83) 0.82% N
--
3.92%
4.55%
--
AA
Aa2
HOME DEPOT INC
437076CR1
4.00%
09/15/25
09/15/25
2.74 09/12/22
09/19/22 145,000.00 144,947.80
144,948.32
142,716.83
98.43 142,910.16
193.33 (2,231.48) 0.08% Y
08/15/25
4.01%
4.57%
4.59%
A
A2
CORP TOTAL
08/20/24
08/20/24
1.81 --
-- 16,425,000.00 $16,434,841.65
$16,419,534.32
$15,617,404.52
95.15 $15,686,675.86
$69,271.34 ($802,129.80) 8.55% --
1.57%
4.52%
5.02%
A+
A1
LGIP 0.00%
POOLED MONEY INVESTMENT
ACCOUNT
LAIFRDA
0.00%
09/30/22
09/30/22 --
-- 4,371,264.36 $4,371,264.36
$4,371,264.36
$4,371,264.36
1.00 $4,371,264.36
$0.00 ($0.00) 2.38% N
--
0.75%
--
--
NA
NA
POOLED MONEY INVESTMENT
ACCOUNT
LAIFUND
2.32%
09/30/22
09/30/22 --
-- 38,984,595.18 38,984,595.18
38,984,595.18
38,984,595.18
1.00 38,984,595.18
0.00 0.00 21.26% N
--
0.75%
--
--
NA
NA
POOLED MONEY INVESTMENT
ACCOUNT
LAIFCRE
0.00%
09/30/22
09/30/22 --
-- 26,346,670.27 26,346,670.27
26,346,670.27
26,346,670.27
1.00 26,346,670.27
0.00 0.00 14.37% N
--
0.75%
--
--
NA
NA
LGIP TOTAL
09/30/22
09/30/22 --
-- 69,702,529.81 $69,702,529.81
$69,702,529.81
$69,702,529.81
1.00 $69,702,529.81
$0.00 ($0.00) 38.01% N
--
0.75%
--
--
NA
NA
PORTFOLIO TOTAL
12/02/23
12/02/23
1.81 --
-- 189,183,838.73 $188,863,178.64
$188,848,277.12
$183,089,565.06
53.40 $183,396,448.04
$306,882.99 ($5,758,712.06) 100.00% --
1.21%
4.30%
4.97%
AA
Aa1
Portfolio Holdings
Supporting Reports
Public Trust Advisors
49 07/01/2022 to 09/30/2022
City of Fullerton - Aggregate
This information is for the sole purposes of the client and is not intended to provide specific advice or recommendations. Please review the contents of this information carefully. Should you have any questions regarding the information presented, calculation methodology, investment portfolio, security detail, or any other facet of this information, please feel free to contact us.
Public Trust Advisors, LLC (Public Trust) statements and reports are intended to detail our investment advisory activity as well as the activity of any client accounts managed by Public Trust. The custodian bank maintains the control of assets and executes and settles all investment transactions. The custodian statement is the official record of security and cash holdings transactions. Public Trust recognizes that clients may use these reports to facilitate record keeping; therefore, it is recommended that the client reconcile this information with their custodian bank statement. Many custodians use a settlement date basis that may result in the need to reconcile due to a timing difference. The underlying market value, amortized cost, and accrued interest may differ between the custodian and this statement or report. This can be attributable to differences in calculation methodologies and pricing sources used. Please contact your relationship manager or call us at (855) 395-3954 with questions regarding your account.
Public Trust does not have the authority to withdraw funds from or deposit funds to the custodian. Our clients retain responsibility for their internal accounting policies, implementing and enforcing internal controls, and generating ledger entries or otherwise recording transactions. The total market value represents prices obtained from various sources; it may be impacted by the frequency at which prices are reported, and such prices are not guaranteed. Prices received from pricing vendors are generally based on current market quotes but when such quotes are not available, the pricing vendors use a variety of techniques to estimate value. These estimates, particularly for fixed-income securities, may be based on certain minimum principal amounts (e.g. $1 million) and may not reflect all the factors that affect the value of the security including liquidity risk. The prices provided are not firm bids or offers. Certain securities may reflect N/A or unavailable where the price for such security is generally not available from a pricing source. The market value of a security, including those priced at par value, may differ from its purchase price and may not closely reflect the value at which the security may be sold or purchased based on various market factors. The securities in this investment portfolio, including shares of mutual funds, are not guaranteed or otherwise protected by Public Trust, the FDIC (except for certain non-negotiable certificates of deposit), or any government agency unless specifically stated otherwise.
Clients may be permitted to establish one or more unmanaged accounts for the purposes of client reporting. Public Trust defines an unmanaged account as one where the investment direction remains the sole responsibility of the client rather than the Investment Manager. These accounts do not receive ongoing supervision and monitoring services. The Investment Manager does not make any investment recommendations and may not charge a fee for reporting on these accounts. The primary purpose for this service is to include unmanaged accounts owned by the client in the performance reports provided by the Investment Manager. The Investment Manager assumes no liability for the underlying performance of any unmanaged accounts or assets, and it is the client’s sole responsibility for the accuracy or correctness of any such performance.
Beginning and ending balances are based on market value plus accrued interest on a trade date basis. Statements and reports made available to the end user either from Public Trust or through the online reporting platform may present information and portfolio analytics using various optional methods including, but not limited to, historical cost, amortized cost, and market value. All information is assumed to be correct, but the accuracy has not been confirmed and therefore is not guaranteed to be correct. Information is obtained from third party sources that may or may not be verified. The data in this report is unaudited and is only applicable for the date denoted on the report. Market values may change day-to-day based on numerous circumstances such as trading volume, news released about the underlying issuer, issuer performance, etc. Underlying market values may be priced via numerous aspects as certain securities are short term in nature and not readily traded. Performance results are shown net of all fees and expenses and reflect the reinvestment of dividends and other earnings.
Many factors affect performance including changes in market conditions and interest rates and in response to other economic, political, or financial developments. Investment involves risk including the possible loss of principal.
No assurance can be given that the performance objectives of a given strategy will be achieved. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses.
The investment advisor providing these services is Public Trust Advisors, LLC, an investment adviser registered with the U.S. Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940, as amended.
Registration with the SEC does not imply a certain level of skill or training. Public Trust is required to maintain a written disclosure brochure of our background and business experience. If you would like to receive a copy of our current disclosure brochure, Privacy Policy, or Code of Ethics, please contact us.
Disclaimers
Disclaimers
Contact
Regional Office
550 S. Hope Street, Suite 560
Los Angeles, CA 90071
Headquarters
717 17th Street, Suite 1850
Denver, CO 80202