CITY OF LAGUNA NIGUEL
CITY COUNCIL AGENDA ITEM
To: Honorable Mayor and Council Members
FROM: Tamara S. Letourneau, City Manager
DATE: March 1, 2022
SUBJECT: Investment Report as of January 31, 2022
RECOMMENDATION
Staff recommends that the City Council receive and file the City of Laguna Niguel Investment Report as of January 31, 2022.
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 December 2021 Investment Report to the January 2022 Investment Report, the following highlights are noted:
• Total cash and investments had a net increase of $4,032,038.64 from $55,081,189.39 to $59,113,228.03. The primary reason for this increase is that receipts were higher than disbursements for this month, which included the first installment of property tax in lieu of vehicle license fees totaling $3,483,167.50. In addition, the disbursements were approximately $2.9 million lower than the prior month as two months' of law enforcement services to the County of Orange were paid in December 2021. As a point of comparison, the portfolio balance as of January 2021 was $54, 191,785.95. • The percentage of pooled investments increased from 54.92% to 57.95%.
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 584 days to 530 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 0.212% to 0.234%. The net yield of OCIP increased from 0.338% to 0.344%.
• The average weighted yield of City investments, including investment pools, decreased from 0.600% to 0.577%. 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
0.577% 1.620% .780% 490% 0.344% 0.234%
The monthly Investment Report as of January 31, 2022, is attached.
ALTERNATIVES CONSIDERED
1. The City Council can choose not to receive and file the City of Laguna Niguel Investment Report as of January 31, 2022.
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.
Jamasa Seousean Eric Pendilen
Tamara S. Letourneau Eric Hendrickson
City Manager Finance Director
Attachments:
A. Monthly Investment Report as of January 31, 2022
ATTACHMENT A
Investment Report as of January 31, 2022
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
as of
January 31, 2022
amara s. Letourne
ITY MANAGE
Eric Hendrickson
FINANCE DIRECTOR
March 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 9-17
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 January 31, 2022, 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.
Samara Setsusan
Tamara S. Letourneau Eric Hendrickson
City Manager Finance Director
City of Laguna Niguel
Summary of Cash and Investments
1/31/22
Settlement Maturity Coupon Percent of Market
Description Date Date Rate Yield Cost Portfolio Value
Petty Cash/Change Drawers $ 2,800.00 0.00% $ 2,800.00
US Bank Checking Account $ 2,692,808.98 4.56% $ 2,692,808.98 US Bank Money Market Variable $ 31,243.33 0.05% 31,243.33 Local Agency Investment Fund 0.234% $ 4,210,910.93 7.12% $ 4,200,127.29 Orange County Investment Pool 0.344% $ 30,049,324.43 50.83% $ 30,049,324.43 Federal Home Loan Mortgage Corporation: 8.78%
3134GV5R5 7/15/2020 7/15/2024 0.570% 0.570% 1,000,000.00 979,770.00 3137EAEPO 1/29/2021 2/12/2025 1.500% 1.470% 4,188,112.71 4,011,440.00 Federal National Mortgage Association: 14.63%
3135G05X7 1/29/2021 8/25/2025 0.375% 0.380% 8,645,922.29 8,355,741.00 Federal Home Loan Banks: 14.03%
3130AJTF6 7/14/2020 7/14/2025 0.740% 0.750% 1,000,000.00 971,840.00 3130AJTX7 7/21/2020 7/21/2025 0.720% 0.730% 625,000.00 611,600.00 3130AMFS6 8/12/2021 6/12/2026 0.750% 0.760% 2,001,415.36 1,930,580.00 3130A8XY4 10/18/2021 9/11/2026 1.875% 1.82% 4,665,690.00 4,549,545.00 Total City Investments Including Investment Pools S 59,113,228.03 100.00% > 53,386,820.03 Restricted for Specific Use
PARS 115 Pension Trust -2.640% $ 1,000,000.00 $ 1,023,995.57 Average weighted maturity of Investments, excluding Investment Pools: 1,351 days Average weighted maturity of Investments, including Investment Pools: 530 days Average weighted yield of Investments, excluding Investment Pools 0.960% Average weighted yield of Investments, including Investment Pools 0.577% * 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 02/10/22
PMIA Average Monthly Quarterly Performance
Effective Yields(1) Quarter Ended 12/31/21
Jan 0.234 LAIF Apportionment Rate(?). 0.23
Dec 0.212 LAIF Earnings Ratio (2). 0.00000625812849570
Nov 0.203 LAIF Fair Value Factor): 0.997439120
PMIA Daily (1). 0.22%
PMIA Quarter to Date("* 0.21%
PMIA Average Lifel). 340
Pooled Money Investment Account
Monthly Portfolio Composition (1)
01/31/22
$202.8 billion
Corporate
Commercial Bonds
Paper 0.16%
Loans
Time 6.22%.
0.37%
Deposits
1.92%
Certificates of
Deposit/Bank Notes
7.36%
Agencies.
17.81%
Treasuries
66.16%
Chart does not include $6,159,000.00 in mortgages, which equates to 0.003%. 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 CalPERS 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
Pooled Money Investment Account
Market Valuation
SHEY-LIUDITY HOND 1/31/2022
Carrying Cost Plus
Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury:
Bills $ 48,500,254,535.59 $ 48,460,414,000.00 NA
Notes $ 85,696,415,143.41 $ 84,813,187,000.00 147,054,459.50 Federal Agency:
SBA 345,829,327.41 346,364,913.87 146,293.30
MBS-REMICs $ 6,159,422.37 $ 6,391,641.14 I$ 28,137.60
Debentures $ 10,404,956,466.49 10,349,010,050.00 $ 8,594,390.00 Debentures FR $ $
Debentures CL 900,000,000.00 882,711,000.00 $ 773,360.00 Discount Notes $ 22,357,095,147.12 22,333,152,750.00 NA Supranational Debentures $ 2,069,293.683.95 2,040,256,500.00 6.507,100.50 Supranational Debentures FR $ 50,000,000.00 50,005,500.00 $ 15,516.67 CDs and YCDs FR - $ $
Bank Notes $ - $
CDs and YCDs 14,925,000,416.66 14,919,734,588.32 $ 7,131,118.02 Commercial Paper 12,613,539,263.83 12,614,873,270.77 NA Corporate:
Bonds FR $ $ $
Bonds $ 329,900,428.70 322,95.970.00 $ 1.541,557.55
Repurchase Agreements $ $
Reverse Repurchase $ $ : $
Time Deposits 3,903,500,000.00 3,903,500,000.00 NA
PMIA & GF Loans 743,769,000.00 $ 743,769,000.00 NA
TOTAL $ 202,845,712,835.53 $ 201,786,366,184.10 $ 171,791,933.14 Fair Value Including Accrued Interest $ 201,958,158,117.24 Repurchase Agreements, Time Deposits, PMIA & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost).
California State Treasurer
Fiona Ma, cPA
Local Agency Investment Fund February 01, 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 PARK WAY
LAGUNA NIGUEL, CA 92677
Tran Type Definitions
Account Number
January 2022 Statement
Web
Effective Transaction Type Tran Confirm Confirm
Date Date Number Number Authorized Caller Amount
1/14/2022 1/13/2022 QRD 1695578 N/A SYSTEM 828.84
1/18/2022 1/18/2022 RD • 1696073 N/A KRISTIN FORIER 4,000,000.00 Account Summary
Total Deposit: 4,000,828.84 Beginning Balance: 210,082.09 Total Withdrawal: 0.00 Ending Balance: 4,210,910.93
COUNTY OF ORANGE
OFFICE OF THE TREASURER-TAX COLLECTOR
Shari L. Freidenrich, CPA, CCT, CPFA, ACPFIM
P. O. BOX 4515
CALIFOR SANTA ANA, CA 92702-4515
ocgov.com/ocinvestments
January 31, 2022
CITY OF LAGUNA NIGUEL
Attn: Eric Hendrickson, Finance Director
30111 Crown Valley Parkway
Laguna Niguel, CA 92677
Fund Number
JANUARY 2022 STATEMENT
INVESTMENT BALANCE IN OCIP
Transactions
Transaction Transaction Description Authorized Signer Amount Date
01/03/2022 December 2021 Investment Admin Fee $ (1,250.41) 01/31/2022 October 2021 Interest Paid $ 11,298.81
Summary
Total Deposit: $ 11,298.81 Beginning Balance: 30,039,276.03 Total Withdrawal: $ (1,250.41) Ending Balance: $ 30,049,324.43
ACCRUED INVESTMENT INCOME
Description Amount
November 2021 Interest Accrued $ 10,596.80
December 2021 Interest Accrued 8,545.47
Total 19,142.27
January 2022 Interest to be accrued in February 2022 $ 10,263.95 6 OF
OFFICE OF THE TREASURER-TAX COLLECTOR CANCE COUN
SHARI L. FREIDENRICH, CPA, CCT, CPFA, ACPFIM
P.O. Box 4515
C SANTA AnA, CA 92702-4515
ALIFORNI
octreasurer.com/publicfunds
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
0.500% November 2021 0.515% 0.457% 5.8
December 2021 0.396% 0.338% 5.8 Not Yet
January 2022 0.402% 0.344% Available
February 2022
YTD NET March R 2022
YIELD April 2022
0.442% May 2022
June 2022
Year Monthly Apportionment Monthly Apportionment Charged Basis Actual Basis FY 20/21 Date Net Yield Point Fees
Gross Yield Point Fees
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%
0.747% May 2021 0.562% 0.503% 5.9
June 2021 0.598% 0.588% 1.0
Year Monthly Apportionment Monthly Apportionment Charged Basis Actual Basis FY 19/20 Date 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% 5.9
YIELD October 2019 2.177% 2.118% 5.9
1.868% November 2019 2.073% 2.014% 5.9
December 2019 1.940% 1.881% 5.9 Not Yet
January 2020 1.968% 1.909% 5.9 Available
February 2020 2.003% 1.944% 5.9
YTD NET March 2020 1.800% 1.741% 5.9
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 January 31, 2022
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
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 2,748,368 47.78% U.S. TREASURIES 3,109,353 50.55% TU. S. TREASURIES 42,477 79.62% U.S. GOVERNMENT AGENCIES 1,935,837 33.66% U.S. GOVERNMENT AGENCIES 1,955,168 31.78% U.S. GOVERNMENT AGENCIES 10,000 18.74% MONEY MARKET MUTUAL FUNDS 726,012 12.62% MONEY MARKET MUTUAL FUNDS 711,336 11.56% MONEY MARKET MUTUAL FUNDS 873 1.64% MUNICIPAL DEBT 306,118 5.32% MUNICIPAL DEBT 336,866 5.48% LOCAL AGENCY INVESTMENT FUND 35,341 0.62% LOCAL AGENCY INVESTMENT FUND 38,890 0.63% $ 5,751.676 100.00%. 6,151,613 100.00% 53,350 100.00%
17545
00- -M -UC-UU -032-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: January 1, 2022 to January 31, 2022
MARKET VALUE SUMMARY
Current Period
01/01/22 to 01/31/22
Change: -286,120.68
Beginning Market Value $21,727,880.01 $24,000,000
Taxable Interest 8,800.32 $20,000,000
Change in Investment Value -294,921.00
$16,000,000
Ending Market Value $21,441,759.33 $12,000,000
$8,000,000
$4,000,000
$0
9 Beginning
Ending
MV MV
$21,727,880.01 $21,441,759.33
10 $209,606.25 100.00 $21,441,759.33 Total Market Value 209,600.00 99.90 21,410,516.00 Taxable Bonds
6.25 0.10 31,243.33 Cash & Equivalents
Annual Income Total Market Value Assets
Estimated % of Current Period
ASSET SUMMARY
January 1, 2022 to January 31, 2022 ACCOUNT NUMBER
CITY OF LAGUNA NIGUEL
usbank.
0220657-00-04007-04
00--M -UC-UU -032-04
17545
11 $8,800.32 Total Current Period Income
8,800.32 Taxable Interest
Current Period
Income Received
INCOME SUMMARY
January 1, 2022 to January 31, 2022 ACCOUNT NUMBER
CITY OF LAGUNA NIGUEL
usbank.
0220657-00-0-037-04
17545
12 $0.00 Ending Cash 01/31/2022
-8,800.32 Net Money Market Activity
8,800.32 Taxable Interest
$0.00 Beginning Cash 01/01/2022
Cash
CASH SUMMARY
January 1, 2022 to January 31, 2022 ACCOUNT NUMBER
CITY OF LAGUNA NIGUEL
usbank.
0220-57-0-04037-04
17545
17545
00--M -UC-UU -032-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER January 1, 2022 to January 31, 2022
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
31,243.330 1.0000 31,243.33 31,243.33 0.00 6.25 0.02
Total Cash/Money Market $31,243.33 $31,243.33 $0.00 $6.25 Total Cash & Equivalents $31,243.33 $31,243.33 $0.00 0.1 $6.25 Taxable Bonds
US Government Issues
FHLMO - 3137EAEPO
1.500 02/12/2025
4,000,000.000 100.2860 4,011,440.00 4, 188,112.71 -176,672.71 18.7 60,000.00 1.50 FHLMC MTN - 3134GV5R5
0.570 07/15/2024
1,000,000.000 97.9770 979,770.00 1,000,000.00 -20,230.00 4.6 5,700.00 0.58 F NMA - 3135G05X7
0.375 08/25/2025
8,700,000.000 96.0430 8,355,741.00 8,645,922.29 -290,181.29 39.0 32,625.00 0.39 Federal Home Loan Bks - 3130AJTX7
0.720 07/21/2025
625,000.000 97.8560 611,600.00 625,000.00 -13,400.00 2.9 4,500.00 0.74 Federal Home Loan Bks - 3130AJTF6
0.740 07/14/2025
1,000,000.000 97.1840 971,840.00 1,000,000.00 -28,160.00 4.5 7,400.00 0.76 17545
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0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER January 1, 2022 to January 31, 2022
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 96.5290 1,930,580.00 2,001,415.36 -70,835.36 9.0 15,000.00 0.78 Federal Home Loan Bks - 3130A8XY4
1.875 09/11/2026
4,500,000.000 101.1010 4,549,545.00 4,665,690.00 -116,145.00 21.2 84,375.00 1.85 Total US Government Issues $21,410,516.00 $22,126,140.36 -$715,624.36 99.9 $209,600.00 Total Taxable Bonds $21,410,516.00 $22,126,140.36 -$715,624.36 99.9 $209,600.00 Total Assets $21,441,759.33 $22,157,383.69 -$715,624,36 100.0 $209,606.25 Estimated Current Yield 0.97
ASSET DETAIL MESSAGES
Time of trade execution and trading party (if not disclosed) will be provided upon request.
Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be not necessarily reset prices at which asset could be bourght or sol. Values are updated based on hermal policy and meay be updater les frequent, than statement generation, value. Values shown do Estimated Current Yield and Estimated Annual Income are estimates provided for informational purposes only and should not be relied on for making investment, trading, or tax decisions. The estimates may not represent the actual value earned by your investments and they provide no guarantee of what vour investments may earn in the future. 17545
00--M -UC-UU -032-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER January 1, 2022 to January 31, 2022
TRANSACTION DETAIL
Date
Posted Activity Description Cash Tax Cost
Beginning Balance 01/01/2022 $0.00 $22,148,583.37
01/03/22 Asset Income Interest Earned On 0.32
terest From 021/2 TO 12/3/21
01/14/22 Asset Income Interest Earned On 3,700.00
F HL B Deb 0.740% 7/14/25
0.0037 USD/$1 Pv On 1,000,000 Par Value Due 1/14/22
01/18/22 Asset Income 2,850.00
001/21/22 Asset Income Interest Earned On 2,250.00
FHL B Deb 0.720% 7/21/25
0.0036 USD/$1 Pv On 625,000 Par Value Due 1/21/21
Purchase Combined Purchases For The Period 1/1/22 - 1/31/22 Of -8,800.32 8,800.32 First Am Govt Ob Fd CI Z
Ending Balance 01/31/2022 $0.00 $22,157,383.69
17545
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0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER January 1, 2022 to January 31, 2022
BOND SUMMARY
80% /
70%
60%
40%
30%
20%
0%
2022 2023 2024 2025 2026
Percentage of
Par Value Market Value Category
MATURITY
2022 0.00 0.00 0.00
2023 0.00
2024 1,000,000.00 979,770.00 4.58
2025 14,325,000.00 13,950,621.00 65.16
2026 6,500,000.00 6,480,125.00 30.26
Total of Category $21,825,000.00 $21,410,516.00 100.00
MOODY'S RATING
Aaa 20,825,000.00 20,430,746.00 95.42
N/A 1,000,000.00 979,770.00 4.58
Total of Category $21,825,000.00 $21,410,516.00 100.00
17545
00--M -UC-UU -032-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER January 1, 2022 to January 31, 2022
BOND SUMMARY (continued)
Percentage of
Par Value Market Value Category
S&P RATING
AA+ 20,825,000.00 20,430,746.00 95.42
N/A 1,000,000.00 979,770.00 4.58
Total of Category $21,825,000.00 $21,410,516.00 100.00
BOND SUMMARY MESSAGES
Data contained within this section excluded Mutual Funds, Exchange Traded Funds, and Closed-Ended Funds.
PUBLIC
- PARS
TRUSTED SOLUTIONS. LASTING RESULTS.
Monthly Account Report for the Perioc
01/01/2022 to 01/31/2022
CITY OF LAGUNA NIGUEL
City of Laguna Niguel PARS PAPEBT
Plan Summary
Beginning Plan Value as of $1,052, 196.50
01/01/2022
Change in Plan Value $(28,200.93)
Ending Plan Value as of 01/31/2022 $1,023,995.57
Activity Summary by Source
Balance on Balance on
Source 01/01/2022 Contributions Earnings Expenses Distributions Transfers 01/31/2022 PENSION $1,052,196.50 $0.00 $(27,746.88) $(454.05) $0.00 $0.00 $1,023,995.57 Totals $1,052,196.50 $0.00 $(27,746.88) $(454.05) $0.00 $0.00 $1,023,995.57 Transactions for the Period
Source Date Description Amount
PENSION 01/28/2022 INTER-ACCOUNT TRANSFER IN $219.21
PENSION 01/28/2022 INTER-ACCOUNT TRANSFER OUT $(219.21) PENSION 01/31/2022 ACCOUNT GAINS/(LOSSES) $(27,746.88)
PENSION 01/31/2022 ASSET MGMT FEES $(234.84)
PENSION 01/31/2022 TRUST ADMINISTRATOR FEES $(219.21)
Investment Selection
Source Selected Investment
PENSION HighMark PLUS Moderately Conservative
Investment Objective
Selected Investment
HighMark PLUS Moderately The made porton a he sea comit one producing secte lane retains house ation.
Conservative
4350 Von Karman Ave., Ste. 100, Newport Beach, CA 92660-2043 phone 800.540.6369 fax 949.250. 1250 www.pars.org 18 PuBLIC
PARS
SERVICES
TRUSTED SOLUTIONS. LASTING RESULTS.
Monthly Account Report for the Period
01/01/2022 to 01/31/2022
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 -2.64% -2.22% 2.84% - 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