CITY OF LAGUNA NIGUEL
CITY COUNCIL AGENDA ITEM
To: Honorable Mayor and Council Members
FROM: Tamara S. Letourneau, City Manager
DATE: February 1, 2022
SUBJECT: Investment Report as of December 31, 2021
RECOMMENDATION
Staff recommends that the City Council receive and file the City of Laguna Niguel Investment Report as of December 31, 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 November 2021 Investment Report to the December 2021 Investment Report, the following highlights are noted:
• Total cash and investments had a net increase of $2,732,906.85 from 552,348,282.54 to $55,081
shat receipts 5ere sir than disture erior is or these
the receipt of the third installment of secured property tax payments totaling $5,957,655.90. As a point of comparison, the portfolio balance as of December 2020 was $51,862,797.56.
• The percentage of pooled investments increased from 50.69% to 54.92%.
Pooled investments include the Local Agency Investment Fund (LAIF) and the Orange County Investment Pool (OCIP).
• The average weighted maturity of City investments, including investment pools, decreased from 642 days to 584 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 increased from 0.203% to 0.212%. The net yield of OCIP decreased from 0.457% to 0.338%.
• The average weighted yield of City investments, including investment pools, decreased from 0.678% to 0.600%. 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
0.600% 1.260% .390% .019% 0.338% 0.212%
The monthly Investment Report as of December 31, 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 December 31, 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.
Ere Pardiabon
Tamara S. Letourneau Eric Hendrickson
City Manager Finance Director
Attachments:
A. Monthly Investment Report as of December 31, 2021
ATTACHMENT A
Investment Report as of December 31, 2021
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
as of
December 31, 2021
Tamara S. Letourneau
CITY MANAGER
Eric Hendrickson
FINANCE DIRECTOR
February 1, 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 9-18
PARS Statement 19-20
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 December 31, 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.
Tamara S. Letourneau Eric Hendrickson
City Manager Finance Director
City of Laguna Niguel
Summary of Cash and Investments
12/31/21
Settlement Maturity Coupon Percent of Market
Description Date Date Rate Yield Cost Portfolio Value
Petty Cash/Change Drawers $ 2,800.00 0.01% $ 2,680,40.00 2,800.00 US Bank Checking Account $ 2,680,447.90 4.87%
US Bank Money Market Variable $ 22,443.01 0.04% $ 22,443.01 Local Agency Investment Fund 0.212% $ 210,082.09 0.38% 5 30209516.09 209,544.09 Orange County Investment Pool 0.338% $ 30,039,276.03 54.54% Federal Home Loan Mortgage Corporation: 9.42%
3134GVSR5 7/15/2020 7/15/2024 0.570% 0.570% 1,000,000.00 1,000,110.00 3137EAEPO 1/29/2021 2/12/2025 1.500% 1.470% 4,188,112.71 4,057,760.00 Federal National Mortgage Association: 15.70%
3135G05X7 1/29/2021 8/25/2025 0.375% 0.380% 8,645,922.29 8,462,142.00 Federal Home Loan Banks: 15.05%
3130AJTF6 7/14/2020 7/14/2025 0.740% 0.750% 1,000,000.00 983,400.00 3130AJTX7 7/21/2020 7/21/2025 0.720% 0.730% 625,000.00 618,200.00 3130AMFS6 8/12/2021 6/12/2026 0.750% 0.760% 2,001,415.36 1,959,580.00 3130A8XY4 10/18/2021 9/11/2026 1.875% 1.82% 4,665,690.00 4,624,245.00 Total City Investments including Investment Pools 5 55,081,189.39 100.00% $ 54,659,948.03 Restricted for Specific Use
PARS 115 Pension Trust 1.170% $ 1,000,000.00 $ 1,052,196.50 Average weighted maturity of Investments, excluding Investment Pools: 1,382 days Average weighted maturity of Investments, including Investment Pools: 584 days Average weighted yield of Investments, excluding Investment Pools 0.960% Average weighted yield of Investments, including Investment Pools 0.600% * 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 01/13/22 SAT LIBUDITY HAD
PMIA Average Monthly Quarterly Performance
Effective Yields(1) Quarter Ended 12/31/21
Dec 0.212 LAIF Apportionment Rate(?). 0.23
Nov 0.203 LAIF Earnings Ratio(2) 0.00000625812849570
Oct 0.203 LAIF Fair Value Factor'). 0.997439120
PMIA Daily!" 0.22%
PMIA Quarter to Date'"). 0.21%
PMIA Average Life": 340
Pooled Money Investment Account
Monthly Portfolio Composition (1)
12/31/21
$181.4 billion
Corporate
Bonds
Commercial
Paper 0.17%
Loans
Time 6.33%_
.0.41%
Deposits
2.10%
Certificates of
Deposit/Bank Notes.
7,39%
Agencies -
18.20%
Treasuries
65.40%
Chart does not include $6,716,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Daily rates are now available here. View PMIA Daily Rates Notes: The apportionment rate includes interest earned on the CaPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a).
Source:
(1) State of California, Office of the Treasurer
(2) State of Calfiornia, Office of the Controller
3 State of California
PMIA Pooled Money Investment Account
Market Valuation
12/31/2021
Carrying Cost Plus
Description Accrued Interest Purch. Amortized Cost Fair Value Accrued Interest United States Treasury:
Bills $ 43,569,286,927.30 $ 43,578,148,587.65 $ 43,566,910,500.00 NA Notes $ 75,086,412,242.60| $ 75,080.652,906.63 74,687,028,500.00 $ 109,370,054.00 Federal Agency:
SBA $ 350,740,581.41 $ 350,740,581.41 $ 351,306,665.72 $ 148,390.75 MBS-REMICS $ 6,715,516.12 $ 6,715,516.12 $ 6,985,051.69 $ 30,724.20 Debentures $ 10,439,956,592.62 $ 10,439,204,370.45 $ 10,416,451,600.00 $ 9,420,765.50 Debentures FR $ $ $ $
Debentures CL $ 800,000,000.00 $ 800,000,000.00 $ 790,694,000.00 $ 762,194.00 Discount Notes $ 19,162,958,897.16 $ 19,165,010,905.46 $ 19,157,738,000.00 NA Supranational Debentures $ 2,219,658,716.35 $ 2,218,983,369.12 $ 2,204,343,500.00 $ 6,007,849.50 Supranational Debentures FR $ 50,000,000.00 $ 50,000,000.00 $ 50,001,500.00 $ 5,495.49 CDs and YCDs FR $ $ $ - $
Bank Notes $ 50,000,000.00 $ 50,000,000.00 49,999,510.67 $ 29,305.56 CDs and YCDs $ 13,350,000,416.66 $ 13,350,000,000.00 $ 13,346,930,419.28 $ 6,017,777.79 Commercial Paper $ 11,491,501,972.14 11,495,349,152.68 $ 11,494,513,733.35 NA Corporate:
Bonds FR $ $ - $ - $
Bonds $ 310,090,245.37 $ 309,862,368.98 $ 307,103,440.00 1,913,014.98 Repurchase Agreements $ $ $ $
$ : $
Reverse Repurchase
Time Deposits $ 3,807,500,000.00 $ 3,807,500,000.00 $ 3,807,500,000.00 NA PMIA & GF Loans $ 743,769,000.00 $ 743,769,000.00 $ 743,769,000.00 NA [TOTAL $ 181,438,591, 107.73 $ 181,445,936,758.50$ 180,981,275,420.71 $ 133,705,571.77 Fair Value Including Accrued Interest $ 181,114,980,992.48 Repurchase Agreements, Time Deposits, PMIA & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost).
The value of each participating dollar equals the fair value divided by the amortized cost (0.99743912).
As an example: if an agency has an account balance of $20,000,000.00, then the agency would report its participation in the LAIF valued at $19,948,782.39 or $20,000,000.00 x 0.99743912 4 California State Treasurer
Fiona Ma, CPA
Local Agency Investment Fund January 06, 2022
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
December 2021 Statement
* Mative Tramation yar Number Number
Number Authorized Caller Amount
12/22/2021 12/22/2021 RW 1692429 N/A KRISTIN FORIER -1,300,000.00 Account Summary
Total Deposit: 0.00 Beginning Balance: 1,510,082.09
Total Withdrawal: -1,300,000.00 Ending Balance: 210,082.09
COUNTY OF ORANGE
OFFICE OF THE TREASURER-TAX COLLECTOR
Shari L. Freidenrich, CPA, CCT, CPFA, ACPFIM
P. O. BOX 4515
SANTA ANA, CA 92702-4515
LIFOR
ocgov.com/ocinvestments
December 31, 2021
CITY OF LAGUNA NIGUEL
Attr: Eric Hendrickson, Finance Director
30111 Crown Valley Parkway
Laguna Niguel, CA 92677
Fund Number
DECEMBER 2021 STATEMENT
INVESTMENT BALANCE IN OCIP
Transactions
Transaction Transaction Description Authorized Signer
Amount
Date
12/01/2021 November 2021 Investment Admin Fee (1,194.25) 12/29/2021 September 2021 Interest Paid 14,559.88
12/30/2021 Deposit Eric Hendrickson $ 5,000,000.00
Summary
Total Deposit: $ 5,014,559.88 Beginning Balance: $ 25,025,910.40 Total Withdrawal: $ (1,194.25) Ending Balance: $ 30,039,276.03
ACCRUED INVESTMENT INCOME
Description Amount
October 2021 Interest Accrued $ 11,298.81
November 2021 Interest Accrued 10,596.80
Total 21,895.61
December 2021 Interest to be accrued in January 2022 $ 8,545.47 6 OFFICE OF THE TREASURER-TAX COLLECTOR
SHARI L. FREIDENRICH, CPA, CCMT, CPFA, ACPFIM
P.O. Box 4515
ALIFORN 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
Gross Yield Net Yield Point Fees 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
0.518% November 2021 0.515% 0.457% 5.8
December 2021 0.396% 0.338% 5.8 Not Yet
January 2022 Available
February 2022
YTD NET March 2022
YIELD April 2022
0.460% May 2022
June 2022
Year Monthly Apportionment Monthly Apportionment Charged Basis Actual Basis FY 20/21 Date
Gross Yield Net Yield Point Fees Point Fees
July 2020 1.223% 1.164% 5.9
YTD August 2020 1.144% 1.085%
GROSS September 2020 1.060% 1.001% 5.9
YIELD October 2020 0.956% 0.897% 5.9
0.802% November 2020 0.899% 0.840% 5.9
December 2020 0.767% 0.708% 5.9 Not Yet
January 2021 0.694% 0.635% 5.9 Available
February 2021 0.803% 0.744% 5.9
YTD NET March 2021 0.624% 0.565% 5.9
YIELD April 2021 0.539% 0.480% 5.9
0.747% May 2021 0.562% 0.503%
June 2021 0.598% 0.588% 1.0
Date Year Monthly Apportionment Monthly Apportionment Charged Basis Actual Basis FY 19/20 Gross Yield Net Yield Point Fees Point Fees
July 2019 2.335% 2.276% 5.9
YTD August 2019 2.283% 2.224% 5.9
GROSS September 2019 2.295% 2.236% 5.9
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%
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 December 31, 2021
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0% +
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 $ 2,998,183 48.45% U.S. TREASURIES 3,011,923 46.73% U.S. TREASURIES 47,489 88.99% U.S. GOVERNMENT AGENCIES 2,377,689 38.42% U.S. GOVERNMENT AGENCIES 2,569,491 39.87% U.S. GOVERNMENT AGENCIES 5,000 9.37% MONEY MARKET MUTUAL FUNDS 657,217 10.62% MONEY MARKET MUTUAL FUNDS 701,873 10.89% MONEY MARKET MUTUAL FUNDS 872 1.64% MUNICIPAL DEBT 118,698 1.92% LOCAL GENEY INVESTENT FUND 123,702 1.92% LOCAL AGENCY INVESTMENT FUND 36.329 0.59% 37,860 0.59%
$ 6,188,116 100.00% 6,444,849 100.00% 53,361 100.00%
11 23923
00- -M -UC-UU -001-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER December 1, 2021 to December 31, 2021
MARKET VALUE SUMMARY
Current Period
12/01/21 to 12/31/21
Change: -58,033.00
Beginning Market Value $21,785,913.01 $24,000,000
Taxable Interest 8,958.54 $20,000,000
Cash Receipts 656.88
Long Term Gains/Losses $16,000,000
0.08 Change in Investment Value -67,648.50 $12,000,000
$8,000,000
Ending Market Value $21,727,880.01
$4,000,000
Beginning Ending
MV MV
$21,785,913.01 $21,727,880.01
10 $209,604.49 100.00 $21,727,880.01 Total Market Value 209,600.00 99.90 21,705,437.00 Taxable Bonds
4.49 0.10 22,443.01 Cash & Equivalents
Annual Income Total Market Value Assets
Estimated % of Current Period
ASSET SUMMARY
December 1, 2021 to December 31, 2021 ACCOUNT NUMBER.
CITY OF LAGUNA NIGUEL
usbank.
0220657-00-04007-04
00- -M -UC-UU -001-04
23923
11 $8,958.54 Total Current Period Income
8,958.54 Taxable Interest
Current Period
Income Received
INCOME SUMMARY
December 1, 2021 to December 31, 2021 ACCOUNT NUMBER
CITY OF LAGUNA NIGUEL
usbank.
0220657-00-04007-04
00--M -UC-UU -001-04
23923
$0.00 Ending Cash 1231/2021
-9,615.50 Net Money Market Activity
0.08 Capital Gain Distributions
656.88 Cash Receipts
8,958.54 Taxable Interest
$0.00 Beginning Cash 12/01/2021
Cash
CASH SUMMARY
December 1, 2021 to December 31, 2021 ACCOUNT NUMBER
CITY OF LAGUNA NIGUEL
usbank.
0220657-00-04007-04
00- -M -UC-UU -001-04
23923
23923
00- -M -UC-UU -001-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER December 1, 2021 to December 31, 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
22,443.010 1.0000 22,443.01 22,443.01 0.00 0.1 4.49 0.02 Total Cash/Money Market $22,443.01 $22,443.01 $0.00 0.1 $4.49 Total Cash & Equivalents $22,443.01 $22,443.01 $0.00 0.1 $4.49 Taxable Bonds
US Government Issues
FHLMC - 3137EAEP0
1.500 02/12/2025
4,000,000.000 101.4440 4,057,760.00 4,188,112.71 - 130,352.71 18.7 60,000.00 1.48 FHLMC MTN - 3134GV5R5
0.570 07/15/2024
1,000,000.000 100.0110 1,000,110.00 1,000,000.00 110.00 4.6 5,700.00 0.57 FNMA - 3135G05X7
0.375 08/25/2025
8,700,000.000 97.2660 8,462,142.00 8,645,922.29 -183,780.29 38.9 32,625.00 0.39 Federal Home Loan Bks - 3130AJTX7
0.720 07/21/2025
625,000.000 98.9120 618,200.00 625,000.00 -6,800.00 2.8 4,500.00 0.73 Federal Home Loan Bks - 3130AJTF6
0.740 07/14/2025
1,000,000.000 98.3400 983,400.00 1,000,000.00 -16,600.00 4.5 7,400.00 0.75 23923
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usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER December 1, 2021 to December 31, 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
5.10 0122026i BKS - 3130AMFS6
2,000,000.000 97.9790 1,959,580.00 2,001,415.36 -41,835.36 9.0 15,000.00 0.76 Federal Home Loan Bks - 3130A8XY4
1.875 09/11/2026
4,500,000.000 102.7610 4,624,245.00 4,665,690.00 -41,445.00 21.3 84,375.00 1.82 Total US Government Issues $21,705,437.00 $22,126,140.36 -$420,703.36 99.9 $209,600.00 Total Taxable Bonds $21,705,437.00 $22,126,140.36 -$420,703.36 99.9 $209,600.00 Total Assets $21,727,880.01 $22,148,583.37 -$420,703.36 100.0 $209,604.49 Estimated Current Yield 0.96
ASSET DETAIL MESSAGES
Time of trade execution and trading party (if not disclosed) will be provided upon request. may not represent The a and value armed by your vestments and they provide no guaraite of what your livestments may dam in the for making investment, tracing, or tax decisions. The estimates 23923
00--M -UC-UU -001-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER December 1, 2021 to December 31, 2021
TRANSACTION DETAIL
Date
Posted Activity Description Cash Tax Cost
Beginning Balance 12/01/2021 $0.00 $22,138,967.87
12/01/21 Asset Income Interest Earned On 0.21
First Am Govt Ob Fd CIZ
Interest From 11/1/21 To 11/30/21
12/13/21 Asset Income Interest Earned On 8,958.33
FHL B Deb 0.750% 6/12/26
0.004479 USD/$1 Pv On 2,000,000 Par Value Due 12/12/21
12/16/21 Cash Receipt Cash Receipt 656.88
Class Action Receipt
Gse Bonds Antitrust Litigation
Proceeds From Securities Litigation
11/24/2021
Payment Id 644039
12/29/21 Cash Receipt Cash Receipt 0.08
Short-Term Capital Gain Div
First Am Govt Ob Fd CIZ
Short Term Cap Gain Payable 12/29/21
Purchase Combined Purchases For The Period 12/ 1/21 - 12/31/21 Of -9,615.50 9,615.50 First Am Govt Ob Fd CIZ
Ending Balance 12/31/2021 $0.00 $22,148,583.37
23923
00- -M -UC-UU -001-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER December 1, 2021 to December 31, 2021
SALE/MATURITY SUMMARY
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Cash and Equivalents
First American Government
Oblig Fa CIZ
#3676
FGZXX
12/29/21 Cash Receipt 0.08 0.08
Short-Term Capital Gain Div
Short Term Cap Gain Payable 12/29/21
Total Cash and Equivalents $0.00 $0.08 $0.08
Total Sales & Maturities $0.00 $0.08 $0.08
SALE/MATURITY SUMMARY MESSAGES
Estimates should not be used for tax purposes
23923
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usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER December 1, 2021 to December 31, 2021
BOND SUMMARY
80%/
70%
60%
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 1,000,110.00 4.61
2025 14,325,000.00 14,121,502.00 65.06
2026 6,500,000.00 6,583,825.00 30.33
Total of Category $21,825,000.00 $21,705,437.00 100.00
MOODY'S RATING
Aaa 20,825,000.00 20,705,327.00 95.39
N/A 1,000,000.00 1,000,110.00 4.61
Total of Category $21,825,000.00 $21,705,437.00 100.00
23923
00--M -UC-UU -001-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER December 1, 2021 to December 31, 2021
BOND SUMMARY (continued)
Percentage of
Par Value Market Value Category
S&P RATING
AA+ 20,825,000.00 20,705,327.00 95.39
N/A 1,000,000.00 1,000,110.00 4.61
Total of Category $21,825,000.00 $21,705,437.00 100.00
BOND SUMMARY MESSAGES
Data contained within this section excluded Mutual Funds, Exchange Traded Funds, and Closed-Ended Funds.
PUBLIC
PARS
SERVICES
TRUSTED SOLUTIONS. LASTING RESULTS.
Monthly Account Report for the Period
12/01/2021 to 12/31/2021
CITY OF LAGUNA NIGUEL
City of Laguna Niguel PARS PAPEBT
Plan Summary
Beginning Plan Value as of $1,040,529.41
12/01/2021
Change in Plan Value $11,667.09
Ending Plan Value as of 12/31/2021 $1,052,196.50
Activity Summary by Source
Balance on Balance on
Source 12/01/2021 Contributions Earnings Expenses Distributions Transfers 12/31/2021 PENSION $1,040,529.41 $0.00 $12,187.33 $(520.24) $0.00 $0.00 $1,052,196.50 Totals $1,040,529.41 $0.00 $12,187.33 $(520.24) $0.00 $0.00 $1,052, 196.50 Transactions for the Period
Source Date Description Amount
PENSION 12/27/2021 INTER-ACCOUNT TRANSFER IN $216.78
PENSION 12/27/2021 INTER-ACCOUNT TRANSFER OUT $(216.78) PENSION 12/28/2021 ASSET MGMT FEES $(303.46)
PENSION 12/31/2021 ACCOUNT GAINS/(LOSSES) $12,187.33
PENSION 12/31/2021 TRUST ADMINISTRATOR FEES $(216.78)
Investment Selection
Source Selected Investment
PENSION HighMark PLUS Moderately Conservative
Investment Objective
Selected Investment Description
HighMark PLUS Moderately The dual goals of the Moderately Conservative Strategy are current income and moderate capital appreciation Conservative The major portion of the assets is committed to income-producing securities. Market fluctuations should be expected.
4350 Von Karman Ave., Ste. 100, Newport Beach, CA 92660-2043 phone 800.540.6369 fax 949.250.1250 www.pars.org 19 - PARS
TRUSTED SOLUTIONS. LASTING RESULTS.
Monthly Account Report for the Period
12/01/2021 to 12/31/2021
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 1.17% 1.95% 5.37% 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