CITY OF LAGUNA NIGUEL
CITY COUNCIL AGENDA ITEM
1989
To: Honorable Mayor and Council Members
FROM: Tamara S. Letourneau, City Manager
DATE: January 18, 2022
SUBJECT: Investment Report as of November 30, 2021
RECOMMENDATION
Staff recommends that the City Council receive and file the City of Laguna Niguel Investment Report as of November 30, 2021.
BACKGROUND
The City Investment Policy requires the City Manager to submit an Investment Report monthly to the City Council that contains a summary of investment transactions, including investment types, percent of portfolio, yield, purchase date, maturity date, issuer or institution, par and dollar amount invested, market value, source of market valuation, the portfolio's average weighted yield and maturity, and a description of any local agency funds or investments under the management of contracted parties.
Submission of, and the City Council's action of receiving and filing this Report, addresses the City Council's goal of fiscal sustainability.
ANALYSIS
Comparing the October 2021 Investment Report to the November 2021 Investment Report, the following highlights are noted:
• Total cash and investments had a net increase of $1,684,816.45 from $50,663,466.09 to $52,348,282.54. The primary reason for this increase is that receipts were higher than disbursements for this month. This is due to the receipt of the first two installments of secured property tax payments totaling $3,001,111.01. As a point of comparison, the portfolio balance as of November 2020 was $46,997,588.79.
• The percentage of pooled investments decreased from 53.93% to 50.69%.
Pooled investments include the Local Agency Investment Fund (LAIF) and the Orange County Investment Pool (OCIP). The decrease is due to the City reducing the amount invested in LAIF, and increasing the amount invested in OCIP and individual bond purchases to earn a higher return.
• The average weighted maturity of City investments, including investment pools, decreased from 746 days to 642 days. The average weighted maturity of City investments, including investment pools, is calculated as follows: Sum of days left until maturity of each individual investment multiplied by the cost of each individual investment divided by the total portfolio at cost, excluding cash in bank.
• The net yield of LAIF remained at 0.203%. The net yield of OCIP increased from 0.456% to 0.457%.
• The average weighted yield of City investments, including investment pools, increased from 0.639% to 0.678%. The City's average weighted yield of City investments, including investment pools, is calculated by taking the total investment earnings divided by the total portfolio at cost, excluding cash in bank. A comparison of the City's average weighted yield to short-term and long-term benchmarks is presented below.
City Portfolio Benchmark Comparisons
Average 5-Year 1-Year 6-Month OCIP LAIF
Weighted Treasury Treasury Treasury
Yield
0.678% 1.140% .240% .010% 0.457% 0.203%
The monthly Investment Report as of November 30, 2021, is attached.
ALTERNATIVES CONSIDERED
1. The City Council can choose not to receive and file the City of Laguna Niguel Investment Report as of November 30, 2021.
FISCAL REVIEW
There is no fiscal impact as a result of this action.
CONCLUSION
The City Investment Policy requires the submittal of a monthly Investment Report. Staff recommends that the City Council receive and file this Report.
Jamar SOttonseau Tri Pandaba
Tamara S. Letourneau Eric Hendrickson
City Manager Finance Director
Attachments:
A. Monthly Investment Report as of November 30, 2021
ATTACHMENT A
Investment Report as of November 30, 2021
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
as of
November 30, 2021
Tamara S. Letourneau
CITY MANAGER
Eric Hendrickson
FINANCE DIRECTOR
January 18, 2022
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
TABLE OF CONTENTS
Statement of Compliance/Non-Compliance 1
Report of Cash and Investments 2
LAIF Investment Reports 3-5
OCIP Investment Reports 6-8
US Bank Statement 9-17
PARS Statement 18-19
City of Laguna Niguel
Statement of Compliance/Non-Compliance with the City's Investment Policy The undersigned officers of the City of Laguna Niguel hereby certify that:
As of November 30, 2021, the City was in compliance with the Investment Policy adopted at the July 20, 2021 Regular City Council Meeting.
Sufficient investment liquidity from cash and cash equivalents and anticipated revenues are available to meet the City's budgeted expenditure requirements for the next six months.
Jamara Setsumean Erie Penderber
Tamara S. Letourneau Eric Hendrickson
City Manager Finance Director
City of Laguna Niguel
Summary of Cash and Investments
11/30/21
Settlement Maturity Coupon Percent of Market
Description Date Date Rate Yield Cost Portfolio Value
Petty Cash/Change Drawers $ 2,800.00 0.01% § 3,670,52000 2,800.00 US Bank Checking Account $ 3,670,522.18 7.01%
US Bank Money Market Variable $ 12,827.51 0.02% $ 12,827.51 Local Agency Investment Fund 0.203% $ 1,510,082.09 2.88% $ 1,509,891.31 Orange County Investment Pool 0.457% $ 25,025,910.40 47.81% $ 25,025,910.40 Federal Home Loan Mortgage Corporation: 9.91%
3134GV5R5 7/15/2020 7/15/2024 0.570% 0.570% 1,000,000.00 1,000,720.00 3137EAEPO 1/29/2021 2/12/2025 1.500% 1.470% 4,188,112.71 4,071,000.00 Federal National Mortgage Association: 16.52%
3135G05X7 1/29/2021 8/25/2025 0.375% 0.380% 8,645,922.29 8,486,763.00 Federal Home Loan Banks: 15.84%
3130AJTF6 7/14/2020 7/14/2025 0.740% 0.750% 1,000,000.00 988,970.00 3130AJTX7 7/21/2020 7/21/2025 0.720% 0.730% 625,000.00 619,062.50 3130AMFS6 8/12/2021 6/12/2026 0.750% 0.760% 2,001,415.36 1,964,100.00 3130A8XY4 10/18/2021 9/11/2026 1.875% 1.82% 4,665,690.00 4,642,470.00 Total City Investments Including Investment Pools 52,348,282.54 100.00% $ 51,99,036.90 Restricted for Specific Use
PARS 115 Pension Trust -0.730% $ 1,000,000.00 $ 1,040,529.41 Average weighted maturity of Investments, excluding Investment Pools: 1,413 days Average weighted maturity of Investments, including Investment Pools: 642 days Average weighted yield of Investments, excluding Investment Pools 0.960% Average weighted yield of Investments, including Investment Pools 0.678% * Market value of City investments is provided by US Bank NOTE: Market value disclosure is for informational purposes only. City policy is to hold all investments to maturity; therefore, any unrealized gain or loss reflected between the cost and market value of an investment will not be realized. 2 PMIA/LAIF Performance Report
as of 12/10/21 PHTY LIBIT THAT
PMIA Average Monthly Quarterly Performance
Effective Yields(1) Quarter Ended 09/30/21
Nov 0.203 LAIF Apportionment Rate(2). 0.24
Oct 0.203 LAIF Earnings Ratio(2): 0.00000661958813242
Sep 0.206 LAIF Fair Value Factor (1). 0.999873661
PMIA Daily (2): 0.20%
PMIA Quarter to Date (): 0.22%
PMIA Average Life(): 321
Pooled Money Investment Account
Monthly Portfolio Composition (1)
11/30/21
$178.6 billion
Corporate
Commercial Bonds
Paper 0.16%
Loans
Time 6.35%
0.41%
Deposits
2.21%
Certificates of
Deposit/Bank Notes
7.90%
Agencies.
16.58%
Treasuries
66.39%
Chart does not include $7,037,000.00 in mortgages, which equates to 0.003941%. Percentages may not total 100% due to rounding.
Daily rates are now available here. View PMIA Daily Rates otes: The apportionment rate includes interest earned on the CaPERS Supplemental Pension Paymen ursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Publ Utility Code 3288 (a).
Source:
(4) State of California, Office of the Treasurer
(2) State of Calfiornia, Office of the Controller
3 State of California
Pooled Money Investment Account
Market Valuation
PHETY LAUDIT HAD 11/30/2021
Carrying Cost Plus
Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury:
Bills $ 48,726,449,678.61 $ 48,730,719,000.00 NA
Notes 69,830,483,002.41 $ 69,566,332,000.00 $ 100,381,839.50 Federal Agency:
SBA 368,147,080.16 $ 368,757,247.51 $ 155.956.38
MBS-REMICs 7,037,163.75 7.342,045.11 $ 32,233.50
Debentures CA CA CACA 10,290,758,847.05 10,273.071,200.00 9,225,900.85 Debentures FR $ - $
Debentures CL 800,000,000.00 792,328,000.00 $ 681,362.00 Discount Notes 15,920,475,698.53 $ 15,918,872,000.00 NA Supranational Debentures 2,123,861.085.45 2,110,398,500.00 $ 5,249,155.50 Supranational Debentures FR $ 100,005,722.97 100.010,723.20 $ 28,113.89 CDs and YCDs FR $ $
Bank Notes cA cA 50,000,000.00 49.994,496.07 $ 25,000.00 CDs and YCDs 14,050,000,416.66 14,047,931,055.49 $ 5,075,180.49 Commercial Paper $ 11,343,047,430.48 11,344,338,881.89 NA Corporate:
Bonds FR - $
Bonds 286,148,538.89 282,462,680.00 $ 1,525,203.13
Repurchase Agreements $ $
$ :
Reverse Repurchase $
Time Deposits $ 3,946,500,000.00 3,946,500,000.00 NA
PMIA & GF Loans 732,356,000.00 S 732,356,000.00 NA
TOTAL $ 178,575,270,664.96 I$ 178,271.413,829.27 $ 122,379,945.24 Fair Value Including Accrued Interest $ 178,393,793,774.51 Repurchase Agreements, Time Deposits, PMIA & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). 4 California State Treasurer
Fiona Ma, CPA
Local Agency Investment Fund December 01, 2021
P.O. Box 942809
Sacramento, CA 94209-0001 LAIF Home
(916) 653-3001 PMIA Average Monthly.
Yields
CITY OF LAGUNA NIGUEL
TREASURER
30111 CROWN VALLEY PARKWAY
LAGUNA NIGUEL, CA 92677
Tran Type Definitions
Account Number:
November 2021 Statement
Web
Effective Transaction Tran Confirm Confirm
Type Authorized Caller Amount
Date Date Number Number
11/3/2021 11/3/2021 RW 1689881 N/A KRISTIN FORIER -2,100,000.00 11/9/2021 11/9/2021 RW 1690155 N/A KRISTIN FORIER -200,000.00 11/17/2021 11/17/2021 RD 1690633 N/A KRISTIN FORIER 1,500,000.00 Account Summary
Total Deposit: 1,500,000.00 Beginning Balance: 2,310,082.09 Total Withdrawal: -2,300,000.00 Ending Balance: 1,510,082.09
COUNTY OF ORANGE
OFFICE OF THE TREASURER-TAX COLLECTOR
Shari L. Freidenrich, CPA, CCMT, CPFA, ACPFIM
P. O. BOX 4515
SANTA ANA, CA 92702-4515
IFO
ocqov.com/ocinvestments
November 30, 2021
CITY OF LAGUNA NIGUEL
Attn: Eric Hendrickson, Finance Director
30111 Crown Valley Parkway
Laguna Niguel, CA 92677
Fund Number
NOVEMBER 2021 STATEMENT
INVESTMENT BALANCE IN OCIP
Transactions
Transaction Transaction Description Authorized Signer Amount Date
11/01/2021 October 2021 Investment Admin Fee $ (1,274.88) 11/29/2021 August 2021 Interest Paid $ 15,039.30
Summary
Total Deposit: $ 15,039.30 Beginning Balance: $ 25,012,145.98 Total Withdrawal: $ (1,274.88) Ending Balance: $ 25,025,910.40
ACCRUED INVESTMENT INCOME
Description Amount
September 2021 Interest Accrued $ 14,559.88
October 2021 Interest Accrued $ 11,298.81
Total 25,858.69
November 2021 Interest to be accrued in December 2021 $ 10,596.80 6 OFFICE OF THE TREASURER-TAX COLLECTOR CANNOT COUN
MANGE SHARI L. FREIDENRICH, CPA, CCT, CPFA, ACPFIM
P.O. BOx 4515
SALIFORNYE SANTA ANA, CA 92702-4515
ocgov.com/ocinvestments
ORANGE COUNTY INVESTMENT POOL
APPORTIONMENT YIELDS & BASIS POINT FEES
Monthly Apportionment Monthly Apportionment Charged Basis Actual Basis FY 21/22 Date Year Point Fees
Gross Yield Net Yield Point Fees
July 2021 0.593% 0.535% 5.8
YTD August 2021 0.575% 0.517% 5.8
GROSS September 2021 0.562% 0.504% 5.8
YIELD October 2021 0.514% 0.456% 5.8
0.551% November 2021 0.515% 0.457% 5.8
December 2021 Not Yet
January 2022 Available
February 2022
YTD NET March 2022
YIELD April 2022
0.493% May 2022
June 2022
Year Monthly Apportionment Monthly Apportionment Charged Basis Actual Basis FY 20/21 Date Net Yield Point Fees Point Fees
Gross Yield
July 2020 1.223% 1.164% 5.9
YTD August 2020 1.144% 1.085% 5.9
GROSS September 2020 1.060% 1.001%
YIELD October 2020 0.956% 0.897%
0.802% November 2020 0.899% 0.840%
December 2020 0.767% 0.708% Not Yet
January 2021 0.694% 0.635% Available
February 2021 0.803% 0.744%
YTD NET March 2021 0.624% 0.565%
YIELD April 2021 0.539% 0.480% 5.9
0.747% May 2021 0.562% 0.503% 5.9
June 2021 0.598% 0.588% 1.0
Monthly Apportionment Monthly Apportionment Charged Basis Actual Basis FY 19/20 Date Year Net Yield Point Fees Point Fees
Gross Yield
July 2019 2.335% 2.276% 5.9
YTD August 2019 2.283% 2.224% 5.9
GROSS September 2019 2.295% 2.236%
YIELD October 2019 2.177% 2.118%
1.868% November 2019 2.073% 2.014%
December 2019 1.940% 1.881% Not Yet
January 2020 1.968% 1.909% Available
February 2020 2.003% 1.944%
YTD NET March 2020 1.800% 1.741%
YIELD, April 2020 1.479% 1.420%
1.810% May 2020 1.276% 1.217% 5.9
June 2020 1.261% 1.216% 4.5
Mission: Ensure safe and timely receipt, deppsit, collection and investment of public funds.
ORANGE COUNTY TREASURER - TAX COLLECTOR
BY INVESTMENT TYPE AT MARKET VALUE - By Percentage Holdings November 30, 2021
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0% - T
Orange County Investment Pool Orange County Educational Investment Pool John Wayne Airport Investment Fund Orange County Investment Pool Orange County Educational Investment Pool John Wayne Airport Investment Fund In Thousands In Thousands in Thousands
U.S. TREASURIES $ 2,745,358 47.49% U.S. TREASURIES 2,302,162 46.70% U.S. TREASURIES 47,491 89.00% U.S. GOVERNMENT AGENCIES 2,125,836 36.77% U.S. GOVERNMENT AGENCIES 1,870,945 37.95% LU.S. GOVERNMENT AGENCIES 5,000 9.37% MONEY MARKET MUTUAL FUNDS 741,725 12.83% MONEY MARKET MUTUAL FUNDS 608,350 12.34% MONEY MARKET MUTUAL FUNDS 867 1.63% MUNICIPAL DEBT 128,929 2.23% 113.471 2.30%
LOCAL AGENCY INVESTMENT FUND 39,460 0.68% LOCAL AGENCY INVESTMENT FUND 34,729 0.71% $ 5.781,308 100.00% 4.929.657 100.00% 53,358 100.00%
18176
00--M-UC-UU -335-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: November 1, 2021 to November 30, 2021
MARKET VALUE SUMMARY
Current Period
11/01/21 to 11/30/21
Change: -29,964.42
Beginning Market Value $21,815,877.43 $24,000,000
Taxable Interest 13.58 $20,000,000
Change in Investment Value -29,978.00
$16,000,000
Ending Market Value $21,785,913.01 $12,000,000
$8,000,000
$4,000,000
$O
Beginning Ending
MV MV
$21,815,877.43 $21,785,913.01
10 $209,602.57 100.00 Total Market Value
209,600.00 99.90 21,773,085.50 Taxable Bonds
2.57 0.10 12,827.51 Cash & Equivalents
Annual Income Total Market Value Assets
Estimated % of Current Period
ASSET SUMMARY
November 1, 2021 to November 30, 2021 ACCOUNT NUMBER:
CITY OF LAGUNA NIGUEL
usbank.
020857-000-33-04
18176
11 $13.58 Total Current Period Income
13.58 Taxable Interest
Current Period
Income Received
INCOME SUMMARY
November 1, 2021 to November 30, 2021 ACCOUNT NUMBER:
CITY OF LAGUNA NIGUEL
usbank.
0220657-00-04007-04
00- -M -UC-UU -335-04
18176
12 $0.00 Ending Cash 11/30/2021
-13.58 Net Money Market Activity
13.58 Taxable Interest
$0.00 Beginning Cash 11/01/2021
Cash
CASH SUMMARY
November 1, 2021 to November 30, 2021 ACCOUNT NUMBER:
CITY OF LAGUNA NIGUEL
usbank.
0220657-00-04007-04
00--M -UC-UU -335-04
18176
18176
00--M -UC-UU -335-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: November 1, 2021 to November 30, 2021
ASSET DETAIL
Security Description Percent
Unrealized of Total Estimated Estimated
Shares/Face Amt Price Market Value Tax Cost Gain/Loss Portfolio Annual Income Current Yield Cash & Equivalents
Cash/Money Market
First American Government - 31846V567
Oblig Fd CIZ
#3676
12,827.510 1.0000 12,827.51 12,827.51 0.00 0.1 2.57 0.02 Total Cash/Money Market $12,827.51 $12,827.51 $0.00 0.1 $2.57 Total Cash & Equivalents $12,827.51 $12,827.51 $0.00 0.1 $2.57 Taxable Bonds
US Government Issues
FHLMC - 3137EAEPO
1.500 02/12/2025
4,000,000.000 101.7750 4,071,000.00 4,188,112.71 -117,112.71 18.7 60,000.00 1.47 FHLMC MTN - 3134GV5R5
0.570 07/15/2024
1,000,000.000 100.0720 1,000,720.00 1,000,000.00 720.00 4.6 5,700.00 0.57
0.375 08125125605X7
8,700,000.000 97.5490 8,486,763.00 8,645,922.29 -159,159.29 39.0 32,625.00 0.38 Federal Home Loan Bks - 3130AJTX7
0.720 07/21/2025
625,000.000 99.0500 619,062.50 625,000.00 -5,937.50 2.8 4,500.00 0.73 Federal Home Loan Bks - 3130AJTF6
0.740 07/14/2025
1,000,000.000 98.8970 988,970.00 1,000,000.00 -11,030.00 4.5 7,400.00 0.75 18176
00--M -UC-UU -335-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: November 1, 2021 to November 30, 2021
ASSET DETAIL (continued)
Security Description Percent
Unrealized of Total Estimated Estimated
Shares/Face Amt Price Market Value Tax Cost Gain/Loss Portfolio Annual Income Current Yield Federal Home Loan Bks - 3130AMFS6
0.750 06/12/2026
2,000,000.000 98.2050 1,964,100.00 2,001,415.36 -37,315.36 9.0 15,000.00 0.76
1.895 09 12022 BKs - 3130A8X74
4,500,000.000 103.1660 4,642,470.00 4,665,690.00 -23,220.00 21.3 84,375.00 1.82 Total US Government Issues $21,773,085.50 $22,126,140.36 -$353,054.86 99.9 $209,600.00 Total Taxable Bonds $21,773,085.50 $22,126,140.36 -$353,054.86 99.9 $209,600.00 Total Assets $21,785,913.01 $22,138,967.87 -$353,054.86 100.0 $209,602.57 Estimated Current Yield 0.96
ASSET DETAIL MESSAGES
Time of trade execution and trading party (if not disclosed) will be provided upon request. may note resent Yed and valie are by your mesmeris and they prede no guarante of what your twentments may bar in the furmaking investment, rating, or tax decisions. The estimates 18176
00- -M -UC-UU -335-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: November 1, 2021 to November 30, 2021
TRANSACTION DETAIL
Date
Posted Activity Description Cash Tax Cost
Beginning Balance 11/01/2021 $0.00 $22,138,954.29
11/01/21 Asset Income Interest Earned On 13.58
First Am Govt Ob Fd CIZ
Interest From 10/1/21 To 10/31/21
Purchase First An our 0b ra Co The Period 1 121-1302101 -13.58 13.58 Ending Balance 11/30/2021 $0.00 $22,138,967.87
18176
00- -M -UC-UU -335-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: November 1, 2021 to November 30, 2021
BOND SUMMARY
80% l
70%
40%
30%
20%
10%
0%
2021 2022 2023 2024 2025 2026
Percentage of
Par Value Market Value Category
MATURITY
2021 0.00 0.00 0.00
2022 0.00 0.00 0.00
2023 0.00 0.00 0.00
2024 1,000,000.00 1,000,720.00 4.60
2025 14,325,000.00 14,165,795.50 65.06
2026 6,500,000.00 6,606,570.00 30.34
Total of Category $21,825,000.00 $21,773,085.50 100.00
MOODY'S RATING
Aaa 20,825,000.00 20,772,365.50 95.40
N/A 1,000,000.00 1,000,720.00 4.60
Total of Category $21,825,000.00 $21,773,085.50 100.00
18176
00- -M -UC-UU-335-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: November 1, 2021 to November 30, 2021
BOND SUMMARY (continued)
Percentage of
Par Value Market Value Category
S&P RATING
AA+ 20,825,000.00 20,772,365.50 95.40
N/A 1,000,000.00 1,000,720.00 4.60
Total of Category $21,825,000.00 $21,773,085.50 100.00
BOND SUMMARY MESSAGES
Data contained within this section excluded Mutual Funds, Exchange Traded Funds, and Closed-Ended Funds. 2 PARS
TRUSTED SOLUTIONS. LASTING RESULTS.
Monthly Account Report for the Perio
11/01/2021 to 11/30/202
CITY OF LAGUNA NIGUEL
City of Laguna Niguel PARS PAPEBT
Plan Summary
Beginning Plan Value as of $1,048,721.32
11/01/2021
Change in Plan Value $(8,191.91)
Ending Plan Value as of 11/30/2021 $1,040,529.41
Activity Summary by Source
Balance on Balance on
Source 11/01/2021 Contributions Earnings Expenses Distributions Transfers 11/30/2021 PENSION $1,048,721.32 $0.00 S(7,675.47) S(516.44) $0.00 $0.00 $1,040,529.41 Totals $1,048,721.32 $0.00 $(7,675.47) $(516.44) $0.00 $0.00 $1,040,529.41 Transactions for the Period
Source Date Description Amount
PENSION 11/23/2021 ASSET MGMT FEES $(297.96)
PENSION 11/26/2021 INTER-ACCOUNT TRANSFER IN $218.48
PENSION 11/26/2021 INTER-ACCOUNT TRANSFER OUT $(218.48) PENSION 11/26/2021 TRUST ADMINISTRATOR FEES $(218.48)
PENSION 11/30/2021 ACCOUNT GAINS/(LOSSES) $(7,675.47)
Investment Selection
Source Selected Investment
PENSION HighMark PLUS Moderately Conservative
Investment Objective
Selected Investment Description
The dual goals of the Moderately Conservative Strategy are current income and moderate capital appreciation.
HighMark PLUS Moderately The major portion of the assets is committed to income-producing securities. Market fluctuations should be Conservative
expected.
4350 Von Karman Ave., Ste. 100, Newport Beach, CA 92660-2043 phone 800.540.6369 fax 949.250.1250 www.pars.org 18 2 PARS
TRUSTED SOLUTIONS. LASTING RESULTS.
Monthly Account Report for the Period
11/01/2021 to 11/30/2021
CITY OF LAGUNA NIGUEL
City of Laguna Niguel PARS PAPEBT
Investment Performance
Annualized Return Inception
Source 1-Month 3-Month 1-Year 3-Years 5-Years 10-Years Date PENSION -0.73% -1.16% 6.11% 05/26/2020
Information as provided by US Bank, Trustee for PARS. Investments are NOT insured by the FDIC or by any other Federal Government Agency, are NOT Bank deposits, are NOT guaranteed by the Bank or any Bank affiliate, and MAY lose value, including possible loss of principal. Past performance does not guarantee future results. Account balances are inclusive of Trust Administration, Trustee and Investment Management fees if applicable. Performance returns may not reflect the deduction of applicable fees, which could reduce returns. Annualized Return is the return on an investment over a period other than one year multiplied or divided to give a comparable one-year return. Information is deemed reliable but may be subject to change. The plan's Rate of Return may differ from the rate of return in the above linked document. Reasons for the difference may include the timing of transactions into and out of the plan, the duration of time the plan's funds reside in the sweep account and differences in the methodology used to calculate performance.
4350 Von Karman Ave., Ste. 100, Newport Beach, CA 92660-2043 phone 800.540.6369 fax 949.250.1250 www.pars.org