CITY OF LAGUNA NIGUEL
CITY COUNCIL AGENDA ITEM
To: Honorable Mayor and Council Members
FROM: Tamara S. Letourneau, City Manager
DATE: May 3, 2022
SUBJECT: Investment Report as of March 31, 2022
RECOMMENDATION
Staff recommends that the City Council receive and file the City of Laguna Niguel Investment Report as of March 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
The following table compares the portfolio balance as of March 2022 to March 2021.
Portfolio Balance March 2022 March 2021 Difference
Balance $57,634,710.32 $51,605,565.85 $6,029,144.47
• From February 2022 to March 2022, the City's total cash and investments had a net decrease • of $514,402.20, going from $58,149,112.52 to $57,634,710.32. While the cash received from property tax revenue was $1,233,692.19 higher than the previous month, the total cash outlay was higher than receipts in March 2022. The largest payment was for the Sheriffs contract for February law enforcement services totaling $1,334,440. • The percentage of pooled investments decreased from 57.21% to 56.87%.
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 528 days to 521 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 0.278% to 0.365%. The net yield of OCIP increased from 0.381% to 0.404%.
• The average weighted yield of City investments, including investment pools, increased from 0.606% to 0.646%. 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
0.646% 2.420% 1.630% 1.060% 0.404% 0.365%
The monthly Investment Report as of March 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 March 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.
Samara Betonsean Pandarbos
Tamara S. Letourneau
City Manager Finance Director
Attachments:
A. Monthly Investment Report as of March 31, 2022
ATTACHMENT A
Investment Report as of March 31, 2022
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
as of
March 31, 2022
Tamara S. Letourneau
CITY MANAGER
Eric Hendrickson
FINANCE DIRECTOR
MAY 3, 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 March 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.
Jamass Struman, Ere Hendacbon
Tamara S. Letourneau Eric Hendrickson
City Manager Finance Director
1 City of Laguna Niguel
Summary of Cash and Investments
3/31/22
Settlement Maturity Coupon Percent of Market
Description Date Date Rate Yield Cost Portfolio Value
Petty Cash/Change Drawers $ 2,600.00 0.00% 2,600.00
US Bank Checking Account $ 2,609,667.18 4.53% $ 2,609,667.18 US Bank Money Market Variable 119,744.54 0.21% $ 119,744.54 Local Agency Investment Fund 0.365% $ 2,710,910.93 4.70% $ 2,680,422.77 Orange County Investment Pool 0.404% $ 30,065,647.31 52.17% $ 30,065,647.31 Federal Home Loan Mortgage Corporation: 9.00%
3134GV5R5 7/15/2020 7/15/2024 0.570% 0.590% 1,000,000.00 963,210.00 3137EAEPO 1/29/2021 2/12/2025 1.500% 1.540% 4,188,112.71 3,888,280.00 Federal National Mortgage Association: 15.00%
3135G05X7 1/29/2021 8/25/2025 0.375% 0.400% 8,645,922.29 8,096,481.00 Federal Home Loan Banks: 14.39%
3130AJTF6 7/14/2020 7/14/2025 0.740% 0.790% 1,000,000.00 941,810.00 3130AJTX7 7/21/2020 7/21/2025 0.720% 0.760% 625,000.00 592,475.00 3130AMFS6 8/12/2021 6/12/2026 0.750% 0.810% 2,001,415.36 1,858,540.00 3130A8XY4 10/18/2021 9/11/2026 1.875% 1.920% 4,665,690.00 4,384,890.00 Total City Investments Including Investment Pools $ 57,634,710.32 100.00% $ 56,203,767.80 Restricted for Specific Use
PARS 115 Pension Trust -1.020% $ 1,000,000.00 $ 998,152.26 Average weighted maturity of Investments, excluding Investment Pools: 1,292 days Average weighted maturity of Investments, including Investment Pools: 521 days Average weighted yield of Investments, excluding Investment Pools 1.010% Average weighted yield of Investments, including Investment Pools 0.646% * 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 04/15/22
PMIA Average Monthly Quarterly Performance
Effective Yields(1) Quarter Ended 03/31/22
Mar 0.365 LAIF Apportionment Rate (2). 0.32
Feb 0.278 LAIF Earnings Ratio (2). 0.00000875657176851
Jan 0.234 LAIF Fair Value Factor: 0.988753538
PMIA Daily(1). 0.42%
PMIA Quarter to Date(): 0.29%
PMIA Average Life' 310
Pooled Money Investment Account
Monthly Portfolio Composition (1)
03/31/22
$207.9 billion
Corporate
Commercial Bonds
Paper 0.20%
Time Loans
6.11%_
Deposits 0.36%
1.99%
Certificates of
Deposit/Bank Notes
7.38%
Agencies
17.78%
Treasuries
66.18%
Chart does not include $5,704,000.00 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 otes: The apportionment rate includes interest earned on the CaPERS Supplemental Pension Payme ursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Pub 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
3/31/2022
Carrying Cost Plus
Description Accrued Interest Purch. Amortized Cost Fair Value Accrued Interest United States Treasury:
Bills $ 46,438,364,881.91| $ 46,462,802,161.83 46,366,792,000.00 NA Notes $ 91,137.412,378.62 $ 91.123.228,383.84 $ 89,180,593,000.00 $ 117,562,034.00 Federal Agency:
SBA $ 329,037,520.12 $ 329,037,520.12 $ 329,497,596.82 $ 138,923.93 MBS-REMICs $ 5,703,902.13 $ 5,703,902.13 $ 5,844,529.41 $ 25,924.77 Debentures $ 8,923,276,985.63 $ 8,922,590,857.86 $ 8,805, 155,700.00 8,519,115.80 Debentures FR $ - $
Debentures CL $ 700,000,000.00 $ 700,000,000.00 672,254,000.00 $ 905,027.00 Discount Notes $ 24.949.939,687.37 $ 24,960,712,979.03 $ 24,906,670,000.00 NA Supranational Debentures $ 2,065,258,478.33 $ 2,065,258,478.33 $ 2,004,805,500.00 $ 5,592,972.00 Supranational Debentures FR $ $ - $ - $ -
CDs and YCDs FR $ $ $ -
Bank Notes $ - $
CDs and YCDs $ 15,335,000,000.00 $ 15,335,000,000.00 $ 15,320,961,230.66 $ 9,972,225.03 Commercial Paper $ 12,697,608,013.77 $ 12,705,537.708.34 $ 12,693,180,684.70 NA Corporate:
Bonds FR $ $ $ $
Bonds $ 424,349,911.03 $ 424,107,855.47 $ 409,797,860.00 $ 1,877,396.95 Repurchase Agreements $ - $ - $ $
Reverse Repurchase $ - $ $ $
Time Deposits $ 4,135,000,000.00 4,135,000,000.00 $ 4,135,000,000.00 NA PMIA & GF Loans $ 756,663,000.00 $ 756,663,000.00 $ 756,663,000.00 NA (TOTAL $ 207,897,614,758.91 | $ 207,925,642,846.95 1$ 205,587,215,101.59 I$ 144,593,619.48 Fair Value Including Accrued Interest $ 205,731,808,721.07 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 (0.988753538).
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 $19,775,070.77 or $20,000,000.00 × 0.988753538. 4 California State Treasurer
Fiona Ma, CPA
Local Agency Investment Fund April 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 PARKWAY
LAGUNA NIGUEL, CA 92677
Tran Type Definitions
Account Number: 98-30-408
March 2022 Statement
Web
Effective Transaction Tran Confirm Confirm
Date Type Number Number Authorized Caller Amount
Date
3/1/2022 3/1/2022 RW 1698382 N/A KRISTIN FORIER -500,000.00 Account Summary
Total Deposit: 0.00 Beginning Balance: 3,210,910.93
Total Withdrawal: -500,000.00 Ending Balance: 2,710,910.93
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
(FOK
ocgov.com/ocinvestments
March 31, 2022
CITY OF LAGUNA NIGUEL
Attn: Eric Hendrickson, Finance Director
30111 Crown Valley Parkway
Laguna Niguel, CA 92677
Fund Number
MARCH 2022 STATEMENT
INVESTMENT BALANCE IN OCIP
Transactions
Transaction Transaction Description Authorized Signer Amount Date
03/01/2022 February 2022 Investment Admin Fee (1,338.23) 03/30/2022 December 2021 Interest Paid 8,545.47
Summary
Total Deposit: $ 8,545.47 Beginning Balance: $ 30,058,440.07 Total Withdrawal: $ (1,338.23) Ending Balance: $ 30,065,647.31
ACCRUED INVESTMENT INCOME
Description Amount
January 2022 Interest Accrued $ 10,263.95
February 2022 Interest Accrued $ 10,120.41
Total 20,384.36
March 2022 Interest to be accrued in April 2022 $ 11,812.45 6 OF
SATY ORAN OFFICE OF THE TREASURER-TAX COLLECTOR
SHARI L. FREIDENRICH, CPA, CCT, CPFA, ACPFIM
P.O. Box 4515
CALIFORN SANTA AnA, CA 92702-4515
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
0.489% November 2021 0.515% 0.457% 5.8
December 2021 0.396% 0.338% 5.8 Not Yet
January 2022 0.402% 0.344% 5.8 Available
February 2022 0.439% 0.381% 5.8
YTD NET March 2022 0.462% 0.404% 5.8
YIELD April 2022
0.431% May 2022
June 2022
Monthly Apportionment Monthly Apportionment Charged Basis Actual Basis FY 20/21 Date Year Gross Yield Net Yield Point Fees 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% 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% 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% 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% 5.9
1.810% May 2020 1.276% 1.217% 5.9
June 2020 1.261% 1.216% 4.5
Mission: Ensure safe and timely receipt, deposit, collection and investment of public funds.
ORANGE COUNTY TREASURER - TAX COLLECTOR
BY INVESTMENT TYPE AT MARKET VALUE - By Percentage Holdings March 31, 2022
100%
80%
70%
60%
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 3,175,806 50.75% U.S. TREASURIES 2,848,212 48.25% U.S. TREASURIES 43.471 81.46% U.S. GOVERNMENT AGENCIES 1,808,250 28.89% U.S. GOVERNMENT AGENCIES 1,856,797 31.46% U.S. GOVERNMENT AGENCIES 8,999 16.86% MONEY MARKET MUTUAL FUNDS 906,789 14.49% MONEY MARKET MUTUAL FUNDS 847,973 14.37% MONEY MARKET MUTUAL FUNDS 894 1.68% MUNICIPAL DEBT 329,341 5.26% MUNICIPAL DEBT 313,644 5.31% •LOCAL AGENCY INVESTMENT FUND 38.107 0.61% I LOCAL AGENCY INVESTMENT FUND 36.291 0.61% $ 6,258,293 100.00% 5.902.917 100.00% 53,364 100.00%
22534
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0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: March 1, 2022 to March 31, 2022
MARKET VALUE SUMMARY
Current Period
03/01/22 to 03/31/22
Change: -483,743.99
Beginning Market Value $21,329,174.53 $24,000,000
Taxable Interest 42,188.26 $20,000,000
Change in Investment Value -525,932.25
$16,000,000
Ending Market Value $20,845,430.54 $12,000,000
$8,000,000
$4,000,000
Beginning Ending
MV MV
$21,329,174.53 $20,845,430.54
10 $209,780.77 100.00 $20,845,430.54 Total Market Value 209,600.00 99.40 20,725,686.00 Taxable Bonds
180.77 0.60 119,744.54 Cash & Equivalents
Annual Income Total Assets
Estimated % of
ASSET SUMMARY
March 1, 2022 to March 31, 2022 ACCOUNT NUMBER:
CITY OF LAGUNA NIGUEL
usbank.
0220657-00-04007-04
00--M -UC-UU -091-04
22534
11 $42,188.26 Total Current Period Income
42,188.26 Taxable Interest
Current Period
Income Received
INCOME SUMMARY
March 1, 2022 to March 31, 2022 ACCOUNT NUMBER:
CITY OF LAGUNA NIGUEL
usbank
0220657-00-04007-04
00- -M -UC-UU -091-04
22534
12 $0.00 Ending Cash 03/31/2022
-42,188.26 Net Money Market Activity
42,188.26 Taxable Interest
$0.00 Beginning Cash 03/01/2022
Cash
CASH SUMMARY
March 1, 2022 to March 31, 2022 ACCOUNT NUMBER:
CITY OF LAGUNA NIGUEL
usbank
0220657-00-04007-04
00--M -UC-UU -091-04
22534
22534
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usbank
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: March 1, 2022 to March 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
Oblia Fd CI Z
#3676
119,744.540 1.0000 119,744.54 119,744.54 0.00 0.6 180.77 0.15 Total Cash/Money Market $119,744.54 $119,744.54 $0.00 0.6 $180.77 Total Cash & Equivalents $119,744.54 $119,744.54 $0.00 0.6 $180.77 Taxable Bonds
US Government Issues
1.500 02/22025EAEPO
4,000,000.000 97.2070 3,888,280.00 4,188,112.71 -299,832.71 18.7 60,000.00 1.54 FHLMC MTN - 3134GV5R5
0.570 07/15/2024
1,000,000.000 96.3210 963,210.00 1,000,000.00 -36,790.00 4.6 5,700.00 0.59 FNMA - 3135G05X7
0.375 08/25/2025
8,700,000.000 93.0630 8,096,481.00 8,645,922.29 -549,441.29 38.8 32,625.00 0.40 Federal Home Loan Bks - 3130AJTX7
0.720 07/21/2025
625,000.000 94.7960 592,475.00 625,000.00 -32,525.00 2.8 4,500.00 0.76 Federal Home Loan Bks - 3130AJTF6
0.740 07/14/2025
1,000,000.000 94.1810 941,810.00 1,000,000.00 -58,190.00 4.5 7,400.00 0.79 22534
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CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: March 1, 2022 to March 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 92.9270 1,858,540.00 2,001,415.36 -142,875.36 8.9 15,000.00 0.81 Federal Home Loan Bks - 3130A8XY4
1.875 09/11/2026
4,500,000.000 97.4420 4,384,890.00 4,665,690.00 -280,800.00 21.0 84,375.00 1.92 Total US Government Issues $20,725,686.00 $22,126,140.36 -$1,400,454.36 99.4 $209,600.00 E Total Taxable Bonds $20,725,686.00 $22,126,140.36 -$1,400,454.36 99.4 $209,600.00 Total Assets $20,845,430.54 $22,245,884.90 -$1,400,454.36 100.0 $209,780.77 Estimated Current Yield 1.00
ASSET DETAIL MESSAGES
Time of trade execution and trading party (if not disclosed) will be provided upon request. not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation. may no represent the dand value are by your vestments and hey rider graine pot your vent merls ay am in the fur making investmen, rading, or tax decisions. The estimates 22534
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usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: March 1, 2022 to March 31, 2022
TRANSACTION DETAIL
Date
Posted Activity Description Cash Tax Cost
Beginning Balance 03/01/2022 $0.00 $22,203,696.64
03/01/22 Asset Income Interest Earned On 0.76
First Am Govt Ob Fd CIZ
Interest From 2/1/22 To 2/28/22
03/11/22 Asset Income Interest Earned On 42,187.50
F HL B Deb 1.875% 9/11/26
0.009375 USD/$1 Pv On 4,500,000 Par Value Due 3/11/22
Purchase Combined Purchases For The Period 3/1/22 - 3/31/22 Of -42,188.26 42,188.26 First Am Govt Ob Fd CI Z
ü Ending Balance 03/31/2022 $0.00 $22,245,884.90
22534
0220657-00-04097-04
usbank
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: March 1, 2022 to March 31, 2022
BOND SUMMARY
80% |
70%
60%
50%
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 0.00
2024 1432500000 963,210.00 4.65
2025 13,519,046.00 65.23
2026 6,500,000.00 6,243,430.00 30.12
Total of Category $21,825,000.00 $20,725,686.00 100.00
MOODY'S RATING
Aaa 20,825,000.00 19,762,476.00 95.35
N/A 1,000,000.00 963,210.00 4.65
Total of Category $21,825,000.00 $20,725,686.00 100.00
22534
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CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: March 1, 2022 to March 31, 2022
BOND SUMMARY (continued)
Percentage of
Par Value Market Value Category
S&P RATING
AA+ 20,825,000.00 19,762,476.00 95.35
N/A 1,000,000.00 963,210.00 4.65
Total of Category $21,825,000.00 $20,725,686.00 100.00
BOND SUMMARY MESSAGES
Data contained within this section excluded Mutual Funds, Exchange Traded Funds, and Closed-Ended Funds.
RETIREMENT PARS
SERVICES
TRUSTED SOLUTIONS. LASTING RESULTS.
Monthly Account Report for the Perioc
03/01/2022 to 03/31/2022
CITY OF LAGUNA NIGUEL
City of Laguna Niguel PARS PAPEBT
Plan Summary
Beginning Plan Value as o $1,008,941.82
3/01/202:
Change in Plan Value $(10,789.56)
Ending Plan Value as of 03/31/2022 $998,152.26
Activity Summary by Source
Balance on Balance on
Source 03/01/2022 Contributions Earnings Expenses Distributions Transfers 03/31/2022 PENSION $1,008,941.82 $0.00 $(10,285.50) $(504.06) $0.00 $0.00 5998,15226 Totals $1,008,941.82 $0.00 $(10,285.50) $(504.06) $0.00 $0.00 $998,152.26 Transactions for the Period
Source Date Description Amount
PENSION 03/29/2022 ASSET MGMT FEES $(293.86)
PENSION 03/30/2022 INTER-ACCOUNT TRANSFER IN $210.20
PENSION 03/30/2022 INTER-ACCOUNT TRANSFER OUT $(210.20) PENSION 03/30/2022 TRUST ADMINISTRATOR FEES $(210.20)
PENSION 03/31/2022 ACCOUNT GAINS/(LOSSES) $(10,285.50)
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 PARS
SERVICES
TRUSTED SOLUTIONS. LASTING RESULTS.
Monthly Account Report for the Perio
03/01/2022 to 03/31/202:
CITY OF LAGUNA NIGUEL
City of Laguna Niguel PARS PAPEBT
Investment Performance
Annualized Return Inception
Source 1-Month 3-Month -Yea 3-Years 5-Years 10-Years Date PENSION - 1.02% -5.00% -0.22% 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 Retum 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 19