10/01/2023 to 12/31/2023
City of Fullerton - Aggregate
Investment Report
Public Trust Advisors
3 10/01/2023 to 12/31/2023
City of Fullerton - Aggregate
Portfolio Overview
09/30/23 12/31/23
Duration 1.760 1.927
Years to Effective Maturity 1.083 1.113
Years to Final Maturity 1.083 1.114
Coupon Rate 2.411 2.937
Book Yield 3.426 3.900
Market Yield 4.510 4.343
Benchmark Yield 5.110 4.321
Portfolio Summary
Asset Allocation
Portfolio Characteristics
Summary 09/30/23 12/31/23
Historical Cost $206,533,483.03 $210,981,128.24
Book Value 206,985,912.07 211,430,767.89
Accrued Interest 670,660.52 768,508.69
Net Pending Transactions 86,220.65 47,381.47
Book Value Plus Accrued $207,742,793.24 $212,246,658.05 Net Unrealized Gain/Loss (3,626,634.32) (1,127,190.96) Market Value Plus Accrued $204,116,158.92 $211,119,467.09 Period Income Income
Interest Income $1,878,431.85
Net Amortization/Accretion Income 166,761.58
Net Realized Gain/Loss (540,438.56)
Net Income $1,504,754.87
Income Summary
Detail may not add to total due to rounding.
Executive Summary
Public Trust Advisors
4 10/01/2023 to 12/31/2023
City of Fullerton - Aggregate
Maturity Distribution by Security Type
Portfolio Overview
Issuer Value
United States 41.79%
(CACLASS) California CLASS 16.83%
(LAIFUND) State of California City 13.51%
(LAIFCRE) State of California Covid Relief
Emergency 12.89%
U.S. Bancorp 2.99%
(LAIFRDA) State of California Successor Agency 2.14%
The Depository Trust and Clearing Corporation 1.48%
Caterpillar Inc. 1.30%
Toyota Motor Corporation 1.25%
PACCAR Inc 0.89%
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 $47,381.47 -- -- -- -- -- -- -- -- $47,381.47
CORP 1,043,666.67 5,260,519.14 4,088,984.28 3,623,661.05 3,512,876.36 17,529,707.48 FED INST (GSE) 1,478,749.78 1,478,749.78
LGIP 95,773,049.37 95,773,049.37
MMFUND 6,311,724.74 6,311,724.74
MUNI 572,781.72 547,529.44 544,556.26 82,645.33 1,747,512.75 US GOV 34,302,341.46 40,181,612.25 7,498,721.17 6,248,666.62 88,231,341.50 TOTAL $103,175,822.25 -- $5,260,519.14 $4,088,984.28 $39,977,534.01 $44,242,018.04 $8,043,277.43 $6,331,311.95 -- $211,119,467.09 • Maturity Distribution
Public Trust Advisors
6 10/01/2023 to 12/31/2023
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 Dec 31, 2023
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 $6,640,498.74 3.15%
AA $98,837,083.35 46.82%
A $9,868,835.64 4.67%
Below A
Not Rated $95,773,049.37 45.36%
T otal Long T erm Ratings $211,119,467.09 100.00%
Portfolio T otal $211,119,467.09 100.00%
Moody's Rating Distribution Dec 31, 2023
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 $100,080,171.18 47.40%
Aa $4,175,418.67 1.98%
A $10,809,435.35 5.12%
Below A
Not Rated $96,054,441.90 45.50%
T otal Long T erm Ratings $211,119,467.09 100.00%
Portfolio T otal $211,119,467.09 100.00%
• Rating Distribution
Public Trust Advisors
7 10/01/2023 to 12/31/2023
City of Fullerton - Aggregate
Market Value Basis Security Distribution
Asset Balance by Security Type
Security Distribution Sep 30, 2023
Ending Balance
Sep 30, 2023
Portfolio Allocation
Dec 31, 2023
Ending Balance
Dec 31, 2023
Portfolio Allocation
Change in
Allocation Book Yield
Cash $86,220.65 0.04% $47,381.47 0.02% (0.02%) 0.00%
U.S. Treasury Notes $88,294,686.94 43.26% $88,231,341.50 41.79% (1.46%) 3.64% Federal Instrumentality (GSE) 2,521,086.24 1.24% 1,478,749.78 0.70% (0.53%) 0.51% Money Market Funds $6,369,234.88 3.12% $6,311,724.74 2.99% (0.13%) 4.99% Corporate Notes 20,228,761.70 9.91% 17,529,707.48 8.30% (1.61%) 2.91% Local Government Investment Pool 85,543,721.50 41.91% 95,773,049.37 45.36% 3.46% 4.30% Municipal Bonds 1,072,447.02 0.53% 1,747,512.75 0.83% 0.30% 4.71% Portfolio T otal $204,116,158.92 100.00% $211,119,467.09 100.00% 3.90% Portfolio Overview
• Security Distribution – Market Value
Public Trust Advisors
8 10/01/2023 to 12/31/2023
City of Fullerton - Aggregate
Historic Cost Basis Security Distribution
Asset Balance by Security Type
Portfolio Overview
Security Distribution Sep 30, 2023
Ending Balance
Sep 30, 2023
Portfolio Allocation
Dec 31, 2023
Ending Balance
Dec 31, 2023
Portfolio Allocation
Change in
Allocation Book Yield
Cash $86,220.65 0.04% $47,381.47 0.02% (0.02%) 0.00%
U.S. Treasury Notes $90,206,033.60 43.66% $87,989,047.93 41.70% (1.96%) 3.64% Federal Instrumentality (GSE) 2,705,050.15 1.31% 1,564,518.40 0.74% (0.57%) 0.51% Money Market Funds $6,369,234.88 3.08% $6,311,724.74 2.99% (0.09%) 4.99% Corporate Notes 20,632,290.00 9.99% 17,618,581.35 8.35% (1.64%) 2.91% Local Government Investment Pool 85,543,721.50 41.40% 95,773,049.37 45.38% 3.98% 4.30% Municipal Bonds 1,077,152.90 0.52% 1,724,206.45 0.82% 0.30% 4.71% Portfolio T otal $206,619,703.68 100.00% $211,028,509.71 100.00% 3.90% • Security Distribution – Historical Cost
Public Trust Advisors
9 10/01/2023 to 12/31/2023
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%
12/31/23
12/31/23
0.00 --
-- 47,381.47 $47,381.47
$47,381.47
$47,381.47
1.00 $47,381.47
$0.00 $0.00 0.02% N
--
0.00%
0.00%
0.00%
AAA
Aaa
CASH TOTAL
12/31/23
12/31/23
0.00 --
-- 47,381.47 $47,381.47
$47,381.47
$47,381.47
1.00 $47,381.47
$0.00 $0.00 0.02% N
--
0.00%
0.00%
0.00%
AAA
Aaa
MMFUND 0.00%
FIRST AMER:GVT OBLG Y
31846V203
4.97%
12/31/23
12/31/23
0.00 --
-- 6,311,724.74 $6,311,724.74
$6,311,724.74
$6,311,724.74
1.00 $6,311,724.74
$0.00 $0.00 2.99% N
--
4.99%
--
--
AAAm
Aaa
MMFUND TOTAL
12/31/23
12/31/23
0.00 --
-- 6,311,724.74 $6,311,724.74
$6,311,724.74
$6,311,724.74
1.00 $6,311,724.74
$0.00 $0.00 2.99% N
--
4.99%
--
--
AAAm
Aaa
US GOV 0.00%
UNITED STATES TREASURY
91282CDZ1
1.50%
02/15/25
02/15/25
1.09 03/09/22
03/11/22 975,000.00 $965,668.95
$971,374.04
$940,913.08
96.50 $946,437.20
$5,524.12 ($30,460.96) 0.45% N
--
1.84%
4.71%
--
AA+
Aaa
UNITED STATES TREASURY
9128283Z1
2.75%
02/28/25
02/28/25
1.12 04/27/22
04/28/22 2,355,000.00 2,358,679.69
2,356,558.44
2,304,496.30
97.86 2,326,380.33
21,884.03 (52,062.15) 1.10% N
--
2.69%
4.65%
--
AA+
Aaa
UNITED STATES TREASURY
9128284F4
2.62%
03/31/25
03/31/25
1.21 04/27/22
04/28/22 2,355,000.00 2,350,216.41
2,352,928.53
2,299,252.72
97.63 2,314,960.77
15,708.04 (53,675.81) 1.10% N
--
2.70%
4.59%
--
AA+
Aaa
UNITED STATES TREASURY
91282CEH0
2.62%
04/15/25
04/15/25
1.25 11/28/22
11/29/22 1,890,000.00 1,816,171.88
1,849,147.69
1,843,709.76
97.55 1,854,282.92
10,573.16 (5,437.93) 0.88% N
--
4.37%
4.59%
--
AA+
Aaa
UNITED STATES TREASURY
912828ZL7
0.38%
04/30/25
04/30/25
1.31 02/24/21
02/26/21 290,000.00 288,991.80
289,676.81
274,435.15
94.63 274,620.39
185.23 (15,241.65) 0.13% N
--
0.46%
4.56%
--
AA+
Aaa
UNITED STATES TREASURY
91282CEQ0
2.75%
05/15/25
05/15/25
1.33 06/09/22
06/10/22 2,450,000.00 2,434,017.57
2,442,366.12
2,392,003.89
97.63 2,400,703.41
8,699.52 (50,362.23) 1.14% N
--
2.98%
4.54%
--
AA+
Aaa
UNITED STATES TREASURY
9128284R8
2.88%
05/31/25
05/31/25
1.37 07/07/22
07/08/22 3,400,000.00 3,381,273.44
3,390,693.73
3,322,570.30
97.72 3,331,116.75
8,546.45 (68,123.42) 1.58% N
--
3.07%
4.55%
--
AA+
Aaa
UNITED STATES TREASURY
91282CHD6
4.25%
05/31/25
05/31/25
1.36 10/11/23
10/12/23 575,000.00 566,891.60
567,984.11
572,888.67
99.63 575,025.28
2,136.61 4,904.56 0.27% N
--
5.16%
4.52%
--
AA+
Aaa
Portfolio Holdings
Supporting Reports
Public Trust Advisors
10 10/01/2023 to 12/31/2023
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
912828ZT0
0.25%
05/31/25
05/31/25
1.39 --
-- 515,000.00 512,649.23
514,248.11
485,005.27
94.18 485,117.84
112.57 (29,242.84) 0.23% N
--
0.35%
4.53%
--
AA+
Aaa
UNITED STATES TREASURY
91282CEY3
3.00%
07/15/25
07/15/25
1.47 03/08/23
03/10/23 2,710,000.00 2,595,142.58
2,633,465.12
2,650,824.60
97.82 2,688,381.67
37,557.07 17,359.48 1.27% N
--
4.93%
4.48%
--
AA+
Aaa
UNITED STATES TREASURY
912828Y79
2.88%
07/31/25
07/31/25
1.51 08/29/22
08/30/22 3,400,000.00 3,346,609.38
3,370,450.24
3,318,851.55
97.61 3,359,757.80
40,906.25 (51,598.68) 1.59% N
--
3.44%
4.45%
--
AA+
Aaa
UNITED STATES TREASURY
91282CAB7
0.25%
07/31/25
07/31/25
1.55 05/25/21
05/27/21 635,000.00 625,847.07
631,509.94
594,692.38
93.65 595,356.72
664.33 (36,817.56) 0.28% N
--
0.60%
4.43%
--
AA+
Aaa
UNITED STATES TREASURY
91282CFE6
3.12%
08/15/25
08/15/25
1.55 08/29/22
08/30/22 2,265,000.00 2,244,650.39
2,253,607.82
2,219,876.94
98.01 2,246,612.25
26,735.31 (33,730.88) 1.06% N
--
3.45%
4.40%
--
AA+
Aaa
UNITED STATES TREASURY
91282CAM3
0.25%
09/30/25
09/30/25
1.71 05/25/21
05/27/21 635,000.00 624,458.01
630,728.81
591,343.75
93.12 591,747.13
403.38 (39,385.06) 0.28% N
--
0.64%
4.36%
--
AA+
Aaa
UNITED STATES TREASURY
9128285J5
3.00%
10/31/25
10/31/25
1.76 06/22/23
06/26/23 1,700,000.00 1,640,101.56
1,652,805.10
1,660,421.88
97.67 1,669,108.69
8,686.81 7,616.78 0.79% N
--
4.60%
4.33%
--
AA+
Aaa
UNITED STATES TREASURY
91282CAT8
0.25%
10/31/25
10/31/25
1.80 01/06/21
01/08/21 475,000.00 471,418.95
473,629.49
441,211.92
92.89 441,414.18
202.27 (32,417.57) 0.21% N
--
0.41%
4.32%
--
AA+
Aaa
UNITED STATES TREASURY
91282CFW6
4.50%
11/15/25
11/15/25
1.78 11/28/22
11/29/22 2,675,000.00 2,695,689.45
2,688,388.79
2,683,986.34
100.34
2,699,529.27
15,542.93 (4,402.45) 1.28% N
--
4.22%
4.31%
--
AA+
Aaa
UNITED STATES TREASURY
912828M56
2.25%
11/15/25
11/15/25
1.81 11/28/22
11/29/22 2,675,000.00 2,530,278.32
2,581,565.55
2,576,359.38
96.31 2,584,130.84
7,771.46 (5,206.17) 1.22% N
--
4.21%
4.31%
--
AA+
Aaa
UNITED STATES TREASURY
91282CAZ4
0.38%
11/30/25
11/30/25
1.87 02/04/21
02/05/21 400,000.00 398,781.25
399,513.01
371,453.12
92.86 371,584.27
131.15 (28,059.88) 0.18% N
--
0.44%
4.29%
--
AA+
Aaa
UNITED STATES TREASURY
91282CGA3
4.00%
12/15/25
12/15/25
1.86 01/26/23
01/30/23 2,555,000.00 2,562,385.55
2,560,172.45
2,541,326.76
99.46 2,546,073.76
4,746.99 (18,845.68) 1.21% N
--
3.89%
4.29%
--
AA+
Aaa
UNITED STATES TREASURY
91282CBC4
0.38%
12/31/25
12/31/25
1.95 --
-- 950,000.00 936,994.14
944,353.18
880,419.92
92.68 880,429.71
9.79 (63,933.26) 0.42% N
--
0.68%
4.22%
--
AA+
Aaa
Portfolio Holdings
Supporting Reports
Public Trust Advisors
11 10/01/2023 to 12/31/2023
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
91282CGE5
3.88%
01/15/26
01/15/26
1.91 01/26/23
01/30/23 2,555,000.00 2,554,401.17
2,554,605.59
2,535,538.08
99.24 2,581,274.66
45,736.58 (19,067.51) 1.22% N
--
3.88%
4.27%
--
AA+
Aaa
UNITED STATES TREASURY
91282CBH3
0.38%
01/31/26
01/31/26
2.04 03/29/21
03/31/21 230,000.00 224,914.84
227,786.56
212,498.44
92.39 212,859.38
360.94 (15,288.13) 0.10% N
--
0.84%
4.22%
--
AA+
Aaa
UNITED STATES TREASURY
912810EW4
6.00%
02/15/26
02/15/26
1.95 12/06/23
12/08/23 1,725,000.00 1,781,197.27
1,779,636.40
1,785,711.91
103.52
1,824,805.66
39,093.75 6,075.51 0.86% N
--
4.42%
4.25%
--
AA+
Aaa
UNITED STATES TREASURY
9128286F2
2.50%
02/28/26
02/28/26
2.06 03/08/23
03/10/23 2,215,000.00 2,078,639.06
2,114,031.50
2,137,648.04
96.51 2,156,359.92
18,711.88 23,616.53 1.02% N
--
4.74%
4.20%
--
AA+
Aaa
UNITED STATES TREASURY
91282CBQ3
0.50%
02/28/26
02/28/26
2.11 --
-- 1,565,000.00 1,535,120.32
1,550,296.51
1,446,218.94
92.41 1,448,863.10
2,644.16 (104,077.56) 0.69% N
--
0.94%
4.19%
--
AA+
Aaa
UNITED STATES TREASURY
91282CGR6
4.62%
03/15/26
03/15/26
2.06 --
-- 2,975,000.00 3,025,486.92
3,013,978.83
3,000,798.84
100.87
3,041,623.36
40,824.52 (13,179.98) 1.44% N
--
4.00%
4.21%
--
AA+
Aaa
UNITED STATES TREASURY
91282CBT7
0.75%
03/31/26
03/31/26
2.19 05/06/21
05/10/21 650,000.00 649,060.55
649,564.57
603,052.74
92.78 604,291.47
1,238.73 (46,511.83) 0.29% N
--
0.78%
4.14%
--
AA+
Aaa
UNITED STATES TREASURY
9128286S4
2.38%
04/30/26
04/30/26
2.23 05/01/23
05/03/23 3,130,000.00 3,001,498.83
3,028,741.87
3,008,101.18
96.11 3,020,763.06
12,661.88 (20,640.69) 1.43% N
--
3.84%
4.14%
--
AA+
Aaa
UNITED STATES TREASURY
91282CBW0
0.75%
04/30/26
04/30/26
2.27 07/01/21
07/06/21 375,000.00 372,802.74
373,926.46
346,933.59
92.52 347,412.65
479.05 (26,992.86) 0.16% N
--
0.87%
4.14%
--
AA+
Aaa
UNITED STATES TREASURY
91282CHB0
3.62%
05/15/26
05/15/26
2.24 06/22/23
06/26/23 2,575,000.00 2,520,683.59
2,529,975.34
2,545,125.98
98.84 2,557,178.61
12,052.63 15,150.64 1.21% N
--
4.41%
4.14%
--
AA+
Aaa
UNITED STATES TREASURY
91282CCF6
0.75%
05/31/26
05/31/26
2.35 08/05/21
08/09/21 675,000.00 676,555.67
675,787.52
623,083.01
92.31 623,525.63
442.62 (52,704.51) 0.30% N
--
0.70%
4.12%
--
AA+
Aaa
UNITED STATES TREASURY
91282CHH7
4.12%
06/15/26
06/15/26
2.31 06/22/23
06/26/23 3,000,000.00 2,979,492.19
2,982,905.91
2,999,296.86
99.98 3,005,044.81
5,747.95 16,390.95 1.42% N
--
4.37%
4.13%
--
AA+
Aaa
UNITED STATES TREASURY
91282CHM6
4.50%
07/15/26
07/15/26
2.34 08/02/23
08/04/23 2,275,000.00 2,271,534.18
2,272,030.83
2,296,150.40
100.93
2,343,443.20
47,292.80 24,119.57 1.11% N
--
4.55%
4.11%
--
AA+
Aaa
Portfolio Holdings
Supporting Reports
Public Trust Advisors
12 10/01/2023 to 12/31/2023
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
91282CCP4
0.62%
07/31/26
07/31/26
2.51 09/01/21
09/03/21 700,000.00 694,941.41
697,315.59
641,183.59
91.60 643,014.43
1,830.84 (56,132.00) 0.30% N
--
0.78%
4.08%
--
AA+
Aaa
UNITED STATES TREASURY
91282CHU8
4.38%
08/15/26
08/15/26
2.43 08/29/23
08/30/23 3,005,000.00 2,987,979.49
2,989,844.32
3,025,189.84
100.67
3,074,847.88
49,658.03 35,345.53 1.46% N
--
4.58%
4.10%
--
AA+
Aaa
UNITED STATES TREASURY
91282CHY0
4.62%
09/15/26
09/15/26
2.50 10/03/23
10/05/23 2,400,000.00 2,378,718.75
2,380,391.57
2,433,468.74
101.39
2,466,402.81
32,934.07 53,077.18 1.17% N
--
4.95%
4.07%
--
AA+
Aaa
UNITED STATES TREASURY
91282CCZ2
0.88%
09/30/26
09/30/26
2.67 10/28/21
10/29/21 1,200,000.00 1,182,796.88
1,190,279.64
1,102,171.87
91.85 1,104,839.90
2,668.03 (88,107.76) 0.52% N
--
1.18%
4.03%
--
AA+
Aaa
UNITED STATES TREASURY
91282CJC6
4.62%
10/15/26
10/15/26
2.58 11/02/23
11/03/23 3,000,000.00 2,987,343.75
2,988,019.03
3,044,531.25
101.48
3,074,100.92
29,569.67 56,512.22 1.46% N
--
4.78%
4.06%
--
AA+
Aaa
UNITED STATES TREASURY
91282CJK8
4.62%
11/15/26
11/15/26
2.66 12/06/23
12/08/23 2,625,000.00 2,645,712.89
2,645,281.72
2,666,425.78
101.58
2,682,101.86
15,676.08 21,144.06 1.27% N
--
4.33%
4.04%
--
AA+
Aaa
UNITED STATES TREASURY
912828U24
2.00%
11/15/26
11/15/26
2.75 12/06/23
12/08/23 2,625,000.00 2,458,886.72
2,462,423.97
2,481,650.38
94.54 2,488,429.22
6,778.85 19,226.41 1.18% N
--
4.32%
4.03%
--
AA+
Aaa
UNITED STATES TREASURY
912828YX2
1.75%
12/31/26
12/31/26
2.85 04/27/22
04/28/22 680,000.00 649,267.19
659,844.16
637,101.56
93.69 637,134.25
32.69 (22,742.60) 0.30% N
--
2.79%
4.00%
--
AA+
Aaa
UNITED STATES TREASURY
912828V98
2.25%
02/15/27
02/15/27
2.95 11/28/22
11/29/22 550,000.00 512,380.86
521,534.65
522,113.28
94.93 526,787.54
4,674.25 578.64 0.25% N
--
4.03%
3.99%
--
AA+
Aaa
UNITED STATES TREASURY
91282CEC1
1.88%
02/28/27
02/28/27
3.01 03/09/22
03/11/22 875,000.00 875,410.16
875,266.65
820,244.14
93.74 825,788.02
5,543.87 (55,022.51) 0.39% N
--
1.87%
4.00%
--
AA+
Aaa
UNITED STATES TREASURY
91282CEF4
2.50%
03/31/27
03/31/27
3.06 04/27/22
04/28/22 210,000.00 207,301.17
208,181.89
200,705.86
95.57 202,039.88
1,334.02 (7,476.03) 0.10% N
--
2.78%
3.96%
--
AA+
Aaa
UNITED STATES TREASURY
91282CEN7
2.75%
04/30/27
04/30/27
3.13 05/01/23
05/03/23 375,000.00 361,289.06
363,429.39
360,717.77
96.19 362,474.30
1,756.52 (2,711.62) 0.17% N
--
3.74%
3.98%
--
AA+
Aaa
UNITED STATES TREASURY
91282CET4
2.62%
05/31/27
05/31/27
3.22 06/09/22
06/10/22 710,000.00 696,105.08
700,245.35
679,547.66
95.71 681,177.17
1,629.51 (20,697.69) 0.32% N
--
3.05%
3.98%
--
AA+
Aaa
Portfolio Holdings
Supporting Reports
Public Trust Advisors
13 10/01/2023 to 12/31/2023
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
91282CEW7
3.25%
06/30/27
06/30/27
3.22 07/07/22
07/08/22 325,000.00 327,843.75
327,043.37
317,598.63
97.72 317,627.65
29.02 (9,444.73) 0.15% N
--
3.06%
3.95%
--
AA+
Aaa
UNITED STATES TREASURY
9128282R0
2.25%
08/15/27
08/15/27
3.40 08/29/22
08/30/22 1,275,000.00 1,214,288.09
1,229,713.43
1,202,484.38
94.31 1,213,320.14
10,835.77 (27,229.06) 0.57% N
--
3.30%
3.95%
--
AA+
Aaa
UNITED STATES TREASURY
91282CAL5
0.38%
09/30/27
09/30/27
3.65 11/28/22
11/29/22 1,250,000.00 1,056,347.66
1,096,904.81
1,096,337.89
87.71 1,097,528.97
1,191.09 (566.92) 0.52% N
--
3.92%
3.93%
--
AA+
Aaa
UNITED STATES TREASURY
91282CFM8
4.12%
09/30/27
09/30/27
3.42 06/22/23
06/26/23 500,000.00 499,140.63
499,260.67
503,164.06
100.63
508,404.84
5,240.78 3,903.39 0.24% N
--
4.17%
3.94%
--
AA+
Aaa
UNITED STATES TREASURY
91282CFZ9
3.88%
11/30/27
11/30/27
3.59 01/26/23
01/30/23 1,125,000.00 1,139,414.06
1,136,891.13
1,122,626.95
99.79 1,126,438.42
3,811.48 (14,264.19) 0.53% N
--
3.58%
3.93%
--
AA+
Aaa
UNITED STATES TREASURY
91282CBB6
0.62%
12/31/27
12/31/27
3.87 03/09/23
03/13/23 900,000.00 760,464.84
781,925.41
791,296.88
87.92 791,312.33
15.45 9,371.47 0.37% N
--
4.23%
3.91%
--
AA+
Aaa
UNITED STATES TREASURY
91282CBS9
1.25%
03/31/28
03/31/28
4.06 05/01/23
05/03/23 725,000.00 646,722.66
656,530.11
650,121.09
89.67 652,423.86
2,302.77 (6,409.01) 0.31% N
--
3.67%
3.91%
--
AA+
Aaa
UNITED STATES TREASURY
91282CHA2
3.50%
04/30/28
04/30/28
3.96 08/29/23
08/30/23 350,000.00 337,791.02
338,613.81
344,435.55
98.41 346,522.08
2,086.54 5,821.73 0.16% N
--
4.33%
3.90%
--
AA+
Aaa
UNITED STATES TREASURY
91282CHE4
3.62%
05/31/28
05/31/28
4.03 06/22/23
06/26/23 850,000.00 834,527.34
836,028.24
841,001.95
98.94 843,695.94
2,693.99 4,973.71 0.40% N
--
4.04%
3.89%
--
AA+
Aaa
UNITED STATES TREASURY
91282CCE9
1.25%
05/31/28
05/31/28
4.22 --
-- 930,000.00 809,348.24
819,058.05
830,787.89
89.33 831,804.28
1,016.39 11,729.84 0.39% N
--
4.24%
3.90%
--
AA+
Aaa
UNITED STATES TREASURY
91282CCH2
1.25%
06/30/28
06/30/28
4.27 08/29/23
08/30/23 650,000.00 563,722.66
569,185.43
579,667.97
89.18 579,690.29
22.32 10,482.54 0.27% N
--
4.32%
3.89%
--
AA+
Aaa
UNITED STATES TREASURY
91282CCV1
1.12%
08/31/28
08/31/28
4.45 --
-- 825,000.00 695,806.64
700,723.13
728,384.76
88.29 731,521.01
3,136.25 27,661.63 0.35% N
--
4.77%
3.89%
--
AA+
Aaa
UNITED STATES TREASURY
91282CCY5
1.25%
09/30/28
09/30/28
4.52 12/06/23
12/08/23 575,000.00 502,473.63
503,374.66
509,593.75
88.62 511,420.08
1,826.33 6,219.09 0.24% N
--
4.17%
3.89%
--
AA+
Aaa
Portfolio Holdings
Supporting Reports
Public Trust Advisors
14 10/01/2023 to 12/31/2023
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
912810FF0
5.25%
11/15/28
11/15/28
4.28 12/06/23
12/08/23 900,000.00 944,718.75
944,178.55
954,175.78
106.02
960,276.74
6,100.96 9,997.23 0.45% N
--
4.13%
3.88%
--
AA+
Aaa
US GOV TOTAL
05/04/26
05/04/26
2.21 --
-- 89,960,000.00 $87,989,047.93
$88,429,923.70
$87,592,930.98
97.52 $88,231,341.50
$638,410.53 ($836,992.72) 41.79% N
--
3.64%
4.23%
--
AA+
Aaa
GSE 0.00%
FEDERAL HOME LOAN BANKS
3130AJHU6
0.50%
04/14/25
04/14/25
1.26 04/15/20
04/16/20 450,000.00 $447,768.00
$449,419.79
$427,411.22
94.98 $427,892.47
$481.25 ($22,008.57) 0.20% N
--
0.60%
4.54%
--
AA+
Aaa
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
3135G04Z3
0.50%
06/17/25
06/17/25
1.43 06/29/20
06/30/20 300,000.00 300,588.00
300,174.23
283,090.62
94.36 283,148.96
58.33 (17,083.61) 0.13% N
--
0.46%
4.51%
--
AA+
Aaa
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
3135G05X7
0.38%
08/25/25
08/25/25
1.61 08/25/20
08/27/20 820,000.00 816,162.40
818,722.73
766,632.10
93.49 767,708.35
1,076.25 (52,090.63) 0.36% N
--
0.47%
4.50%
--
AA+
Aaa
GSE TOTAL
07/04/25
07/04/25
1.48 --
-- 1,570,000.00 $1,564,518.40
$1,568,316.75
$1,477,133.94
94.09 $1,478,749.78
$1,615.83 ($91,182.80) 0.70% N
--
0.51%
4.51%
--
AA+
Aaa
MUNI 0.00%
TEXAS ST
882724T49
4.90%
10/01/25
10/01/25
1.64 08/10/23
08/29/23 275,000.00 $275,000.00
$275,000.00
$276,826.00
100.66
$281,392.53
$4,566.53 $1,826.00 0.13% N
--
4.90%
4.50%
--
AAA
NA
HAWAII ST
419792L87
4.80%
10/01/25
10/01/25
1.67 12/07/23
12/19/23 290,000.00 290,000.00
290,000.00
290,925.10
100.32
291,389.20
464.10 925.10 0.14% N
--
4.81%
4.61%
--
AA+
Aa2
CONNECTICUT ST
20772KTH2
5.05%
05/15/26
05/15/26
2.21 06/01/23
06/22/23 290,000.00 293,888.90
293,207.21
293,993.30
101.38
295,864.61
1,871.31 786.09 0.14% N
--
4.55%
4.43%
--
AA-
Aa3
HAWAII ST
419792L95
4.59%
10/01/26
10/01/26
2.56 12/07/23
12/19/23 250,000.00 250,000.00
250,000.00
251,282.50
100.51
251,664.83
382.33 1,282.50 0.12% N
--
4.59%
4.39%
--
AA+
Aa2
CALIFORNIA ST
13063D3N6
4.85%
03/01/27
03/01/27
2.87 03/09/23
03/15/23 335,000.00 335,000.00
335,000.00
338,500.75
101.04
343,912.12
5,411.37 3,500.75 0.16% N
--
4.85%
4.49%
--
AA-
Aa2
CONNECTICUT ST
20772KTJ8
5.05%
05/15/27
05/15/27
3.07 06/01/23
06/22/23 170,000.00 173,264.00
172,848.02
173,876.00
102.28
174,972.97
1,096.97 1,027.98 0.08% N
--
4.51%
4.32%
--
AA-
Aa3
Portfolio Holdings
Supporting Reports
Public Trust Advisors
15 10/01/2023 to 12/31/2023
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
HAWAII ST
419792M29
5.00%
10/01/27
10/01/27
3.40 12/07/23
12/19/23 25,000.00 25,420.75
25,416.91
25,629.50
102.52
25,671.17
41.67 212.59 0.01% N
--
4.51%
4.26%
--
AA+
Aa2
HAWAII ST
419792M37
5.00%
10/01/28
10/01/28
4.21 12/07/23
12/19/23 80,000.00 81,632.80
81,621.25
82,512.00
103.14
82,645.33
133.33 890.75 0.04% N
--
4.52%
4.26%
--
AA+
Aa2
MUNI TOTAL
08/11/26
08/11/26
2.41 --
-- 1,715,000.00 $1,724,206.45
$1,723,093.40
$1,733,545.15
101.09
$1,747,512.75
$13,967.60 $10,451.75 0.83% N
--
4.71%
4.45%
--
AA
Aa2
CORP 0.00%
CATERPILLAR FINANCIAL
SERVICES CORP
14913R2S5
0.95%
01/10/24
01/10/24
0.03 01/03/22
01/10/22 1,040,000.00 $1,039,833.60
$1,039,997.95
$1,038,973.67
99.90 $1,043,666.67
$4,693.00 ($1,024.28) 0.49% N
--
0.96%
4.17%
--
A
A2
PACCAR FINANCIAL CORP
69371RR40
0.50%
08/09/24
08/09/24
0.59 08/03/21
08/09/21 945,000.00 944,489.70
944,896.31
917,230.75
97.06 919,094.50
1,863.75 (27,665.56) 0.44% N
--
0.52%
5.45%
--
A+
A1
TOYOTA MOTOR CREDIT
CORP
89236TJN6
0.62%
09/13/24
09/13/24
0.69 09/08/21
09/13/21 2,720,000.00 2,718,721.60
2,719,700.53
2,634,168.99
96.84 2,639,268.99
5,100.00 (85,531.55) 1.25% N
--
0.64%
5.24%
--
A+
A1
CATERPILLAR FINANCIAL
SERVICES CORP
14913R2P1
0.60%
09/13/24
09/13/24
0.69 09/08/21
09/14/21 1,755,000.00 1,752,613.20
1,754,440.33
1,698,996.65
96.81 1,702,155.65
3,159.00 (55,443.68) 0.81% N
--
0.65%
5.27%
--
A
A2
PACCAR FINANCIAL CORP
69371RR57
0.90%
11/08/24
11/08/24
0.83 11/02/21
11/08/21 1,000,000.00 999,940.00
999,982.81
963,722.43
96.37 965,047.43
1,325.00 (36,260.38) 0.46% N
--
0.90%
5.28%
--
A+
A1
NATIONAL SECURITIES
CLEARING CORP
637639AG0
5.05%
11/21/24
11/21/24
0.86 11/14/22
11/21/22 3,110,000.00 3,109,284.70
3,109,674.19
3,106,486.29
99.89 3,123,936.85
17,450.56 (3,187.90) 1.48% N
--
5.06%
5.17%
--
AA+
Aaa
AMAZON.COM INC
023135CE4
3.00%
04/13/25
04/13/25
1.24 04/11/22
04/13/22 955,000.00 953,481.55
954,334.95
934,392.21
97.84 940,599.71
6,207.50 (19,942.74) 0.45% N
--
3.06%
4.74%
--
AA
A1
HOME DEPOT INC
437076CM2
2.70%
04/15/25
04/15/25
1.24 03/24/22
03/28/22 590,000.00 588,967.50
589,556.11
575,438.50
97.53 578,801.50
3,363.00 (14,117.61) 0.27% Y
03/15/25
2.76%
4.68%
4.82%
A
A2
Portfolio Holdings
Supporting Reports
Public Trust Advisors
16 10/01/2023 to 12/31/2023
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
COLGATE-PALMOLIVE CO
194162AM5
3.10%
08/15/25
08/15/25
1.55 08/01/22
08/09/22 435,000.00 434,599.80
434,781.20
425,452.81
97.81 430,547.14
5,094.33 (9,328.39) 0.20% N
--
3.13%
4.51%
--
AA-
Aa3
WALMART INC
931142EW9
3.90%
09/09/25
09/09/25
1.60 09/06/22
09/09/22 1,525,000.00 1,523,932.50
1,524,384.90
1,509,844.61
99.01 1,528,347.94
18,503.33 (14,540.29) 0.72% N
--
3.92%
4.51%
--
AA
Aa2
HOME DEPOT INC
437076CR1
4.00%
09/15/25
09/15/25
1.57 09/12/22
09/19/22 145,000.00 144,947.80
144,969.16
143,656.97
99.07 145,364.75
1,707.78 (1,312.19) 0.07% Y
08/15/25
4.01%
4.57%
4.60%
A
A2
METROPOLITAN LIFE GLOBAL
FUNDING I
592179KD6
5.00%
01/06/26
01/06/26
1.86 01/03/23
01/06/23 460,000.00 460,000.00
460,000.00
461,532.95
100.33
472,713.51
11,180.56 1,532.95 0.22% N
--
5.00%
4.82%
--
AA-
Aa3
COLGATE-PALMOLIVE CO
194162AQ6
4.80%
03/02/26
03/02/26
2.02 02/27/23
03/01/23 270,000.00 269,686.80
269,769.89
273,405.86
101.26
277,689.86
4,284.00 3,635.97 0.13% N
--
4.84%
4.18%
--
AA-
Aa3
JOHN DEERE CAPITAL CORP
24422EXD6
5.15%
09/08/26
09/08/26
2.46 09/05/23
09/08/23 665,000.00 664,527.85
664,574.45
676,977.55
101.80
687,727.46
10,749.91 12,403.10 0.33% N
--
5.18%
4.43%
--
A
A2
NEW YORK LIFE GLOBAL
FUNDING
64953BBF4
5.45%
09/18/26
09/18/26
2.47 09/12/23
09/19/23 855,000.00 854,837.55
854,851.19
873,834.21
102.20
887,036.84
13,202.62 18,983.02 0.42% N
--
5.46%
4.58%
--
AA+
Aaa
HOME DEPOT INC
437076CV2
4.95%
08/30/26
09/30/26
2.47 11/27/23
12/04/23 505,000.00 503,894.05
503,914.93
512,233.57
101.43
514,108.38
1,874.81 8,318.64 0.24% Y
08/30/26
5.04%
4.39%
4.38%
A
A2
PEPSICO INC
713448FW3
5.12%
10/10/26
11/10/26
2.55 11/08/23
11/10/23 655,000.00 654,823.15
654,831.05
668,844.74
102.11
673,600.31
4,755.57 14,013.69 0.32% Y
10/10/26
5.13%
4.33%
4.31%
A+
A1
CORP TOTAL
03/29/25
03/31/25
1.17 --
-- 17,630,000.00 $17,618,581.35
$17,624,659.94
$17,415,192.76
98.82 $17,529,707.48
$114,514.73 ($209,467.19) 8.30% --
2.91%
4.89%
4.50%
A+
A1
LGIP 0.00%
POOLED MONEY INVESTMENT
ACCOUNT
LAIFRDA
0.00%
12/31/23
12/31/23 --
-- 4,516,735.69 $4,516,735.69
$4,516,735.69
$4,516,735.69
1.00 $4,516,735.69
$0.00 ($0.00) 2.14% N
--
3.59%
--
--
NA
NA
Portfolio Holdings
Supporting Reports
Public Trust Advisors
17 10/01/2023 to 12/31/2023
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
POOLED MONEY INVESTMENT
ACCOUNT
LAIFUND
2.32%
12/31/23
12/31/23 --
-- 28,523,594.23 28,523,594.23
28,523,594.23
28,523,594.23
1.00 28,523,594.23
0.00 (0.00) 13.51% N
--
3.59%
--
--
NA
NA
POOLED MONEY INVESTMENT
ACCOUNT
LAIFCRE
0.00%
12/31/23
12/31/23 --
-- 27,206,745.88 27,206,745.88
27,206,745.88
27,206,745.88
1.00 27,206,745.88
0.00 0.00 12.89% N
--
3.59%
--
--
NA
NA
CALIFORNIA CLASS
CACLASS
5.48%
12/31/23
12/31/23 --
-- 35,525,973.57 35,525,973.57
35,525,973.57
35,525,973.57
1.00 35,525,973.57
0.00 0.00 16.83% N
--
5.51%
--
--
NA
NA
LGIP TOTAL
12/31/23
12/31/23 --
-- 95,773,049.37 $95,773,049.37
$95,773,049.37
$95,773,049.37
1.00 $95,773,049.37
$0.00 ($0.00) 45.36% N
--
4.30%
--
--
NA
NA
PORTFOLIO TOTAL
02/10/25
02/10/25
1.93 --
-- 213,007,155.58 $211,028,509.71
$211,478,149.36
$210,350,958.40
50.94 $211,119,467.09
$768,508.69 ($1,127,190.96) 100.00% --
3.90%
4.34%
4.40%
AA
Aa1
Portfolio Holdings
Supporting Reports
Public Trust Advisors
52 10/01/2023 to 12/31/2023
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