CITY OF LAGUNA NIGUEL
CITY COUNCIL AGENDA ITEM
To: Honorable Mayor and Council Members
FROM: Tamara S. Letourneau, City Manager
DATE: June 7, 2022
SUBJECT: Investment Report as of April 30, 2022
RECOMMENDATION
Staff recommends that the City Council receive and file the City of Laguna Niguel Investment Report as of April 30, 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 April 2022 to April 2021.
Portfolio Balance April 2022 April 2021 Difference
Balance $60,920,941.97 $54,895,764.38 $6,025,177.59
• From March 2022 to April 2022, the City's total cash and investments had a net increase of $3,286,231.65 going from $57,634,710.32 to $60,920,941.97.
Expenditures for the month increased by $164,488.60 from prior month, but the contributing factor for the increase derives from property tax revenue received for the month, which was $4,481,295.76 higher than the prior month. • The percentage of pooled investments decreased from 56.87% to 52.18%.
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, increased from 521 days to 608 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 0.365% to 0.523%. The net yield of OCIP increased from 0.404% to 0.489%.
• The average weighted yield of City investments, including investment pools, increased from 0.646% to 0.662%. 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
0.662% 2.920% 2.100% 1.410% 0.489% 0.523%
The monthly Investment Report as of April 30, 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 April 30, 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 & toumean ru tendrickson
Tamara S. Letourneau Eric Hendrickson
City Manager Finance Director
Attachments:
A. Monthly Investment Report as of April 30, 2022
ATTACHMENT A
Investment Report as of April 30, 2022
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
as of
April 30, 2022
Tamara S. Letourneau
CITY MANAGER
Eric Hendrickson
FINANCE DIRECTOR
June 7, 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
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 April 30, 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 8 Betoused z Tie Petitem
Tamara S. Letourneau Eric Hendrickson
City Manager Finance Director
City of Laguna Niguel
Summary of Cash and Investments
4/30/22
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 $ 2,980,275.89 4.89% $ 2,980,275.89 US Bank Money Market Variable $ 24,392.31 0.04% $ 24,392.31 Local Agency Investment Fund 0.523% 1,713,104.20 2.81% $ 1,693,837.84 Orange County Investment Pool 0.489% $ 30,074,429.21 49.37% $ 30,074,429.21 Federal Home Loan Mortgage Corporation: 8.52%
3134GV5R5 7/15/2020 7/15/2024 0.570% 0.600% 1,000,000.00 953,640.00 3137EAEPO 1/29/2021 2/12/2025 1.500% 1.560% 4,188,112.71 3,852,160.00 Federal National Mortgage Association: 14.19%
3135G05X7 1/29/2021 8/25/2025 0.375% 0.410% 8,645,922.29 8,001,999.00 Federal Home Loan Banks: 20.18%
3133ENVD9 4/26/2022 4/26/2027 2.875% 2.890% 4,000,000.00 3,981,840.00 3130AJTF6 7/14/2020 7/14/2025 0.740% 0.790% 1,000,000.00 931,210.00 3130AJTX7 7/21/2020 7/21/2025 0.720% 0.770% 625,000.00 586,081.25 3130AMFS6 8/12/2021 6/12/2026 0.750% 0.820% 2,001,415.36 1,823,820.00 3130A8XY4 • 10/18/2021 9/11/2026 1.875% 1.960% 4,665,690.00 4,308,615.00 Total City Investments Including Investment Pools 3 60.920.941.97 100.00% 3 59.214,900.50 Restricted for Specific Use
PARS 115 Pension Trust -4.610% $ 1,000,000.00 $ 951,606.36 Average weighted maturity of Investments, excluding Investment Pools: 1,348 days Average weighted maturity of Investments, including Investment Pools: 608 days Average weighted yield of Investments, excluding Investment Pools 0.870% Average weighted yield of Investments, including Investment Pools 0.662% * 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 05/11/22
PMIA Average Monthly Quarterly Performance
Effective Yields(1) Quarter Ended 03/31/22
Apr 0.523 LAIF Apportionment Rate").
Mar 0.365 LAIF Earnings Ratio?) 0.00000875657176851
Feb 0.278 LAIF Fair Value Factor (2) 0.988753538
PMIA Quarter to Date
PMIA Average Life (4). 310
Pooled Money Investment Account
Monthly Portfolio Composition (1)
04/30/22
$225.5 billion
Corporate
Commercia Bonds
0.19%
Paper
Time Loans
5.30%_
Deposits 0.34%
Certificates of 1.88%
Deposit/Bank Notes.
5.91%
Agencies
17.93%
Treasuries
68.45%
Chart does not include $5,303,000.00 in mortgages, which equates to 0.002%. 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 Paymer ursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Publ Utility Code 3288 (a).
Source:
i state of calfami, fice of the Consulter
3 State of California
Pooled Money Investment Account
Market Valuation
4/30/2022
Carrying Cost Plus
Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury:
Bills 53,275,095,471.58 $ 53,201,486,000.00 NA
Notes 101,092,401,017.47 $ 98,748,241,000.00 $ 184,438,357.50 Federal Agency:
SBA 325,136,045.55 $ 325,633,741.49 $ 137,267.38
MBS-REMICs $ 5,302,655.98 $ 5,408,333.67 $ 24,107.44
Debentures $ 9,067.824.774.36 $ 8,927,129,350.00 $ 9,385,293.80 Debentures FR $ - $
Debentures CL 1,000,000,000.00 $ 971,224,000.00 1,453,916.00 Discount Notes $ 27,920,384,110.92 27,879,681,000.00 NA Supranational Debentures $ 2,115,238,528.33 2,044,573,000.00 $ 4,051,723.00 Supranational Debentures FR $ - $
CDs and YCDs FR $ -
Bank Notes -
CDs and YCDs 13,335,000,000.00 13,315,141,876.03 $ 13,016,183.34 Commercial Paper $ 11,958,500,472.11 11,954,531,525.06 NA Corporate:
Bonds FR $ $
Bonds $ 424.349.911.03 405,100,890.00 $ 2.127,189.33
Repurchase Agreements $ $
$ : $ :
Reverse Repurchase
Time Deposits $ 4,229,000,000.00 4,229,000,000.00 NA
PMIA & GF Loans $ 756,896,000.00 $ 756,896,000.00 NA
TOTAL $ 225,505.128,987.33 $ 222,764,046,716.25$ 214,634,037.79 Fair Value Including Accrued Interest $ 222,978,680,754.04 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 May 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 PARK WAY
LAGUNA NIGUEL, CA 92677
Tran Type Definitions
Account Number:
April 2022 Statement
Web
Effective Transaction Tran Confirm Confirm
Date Type Number Number Authorized Caller Amount
Date
4/6/2022 4/6/2022 RW 1700183 N/A KRISTIN FORIER -500,000.00 4/15/2022 4/14/2022 QRD 1702629 N/A SYSTEM 2,193.27
4/20/2022 4/20/2022 RW 1703237 N/A KRISTIN FORIER -500,000.00 Account Summary
Total Deposit: 2,193.27 Beginning Balance: 2,710,910.93 Total Withdrawal: -1,000,000.00 Ending Balance: 1,713,104.20 5 COUNTY OF ORANGE
OFFICE OF THE TREASURER-TAX COLLECTOR CALICE COUNT
Shari L. Freidenrich, CPA, CCT, CPFA, ACPFIM
P. O. BOX 4515
SALIFOR SANTA ANA, CA 92702-4515
ocgov.com/ocinvestments
April 30, 2022
CITY OF LAGUNA NIGUEL
Attn: Eric Hendrickson, Finance Director
30111 Crown Valley Parkway
Laguna Niguel, CA 92677
Fund Number
APRIL 2022 STATEMENT
INVESTMENT BALANCE IN OCIP
Transactions
Transaction Transaction Description Authorized Signer Amount Date
04/01/2022 March 2022 Investment Admin Fee $ (1,482.05) 04/27/2022 January 2022 Interest Paid $ 10,263.95
Summary
Total Deposit: $ 10,263.95 Beginning Balance: $ 30,065,647.31 Total Withdrawal: $ (1,482.05) Ending Balance: $ 30,074,429.21
ACCRUED INVESTMENT INCOME
Description Amount
February 2022 Interest Accrued $ 10,120.41
March 2022 Interest Accrued $ 11,812.45
Total 21.932.86
April 2022 Interest to be accrued in May 2022 $ 13,528.23 OF
ORAN, OFFICE OF THE TREASURER-TAX COLLECTOR
AT
SHARI L. FREIDENRICH, CPA, CCMT, CPFA, ACPFIM
P.O. Box 4515
CALIFORNIY 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
YIELDR October 2021 0.514% 0.456% 5.8
0.496% 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 0.547% 0.489% 5.8
0.438% May 2022
June 2022
Date Monthly Apportionment Monthly Apportionment Charged Basis Actual Basis FY 20/21 Year 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% 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
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% 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 R 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 April 30, 2022
100%
90%
60%
20%
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 3,562,503 55.82% U.S. TREASURIES 3,584,849 54,25% U.S. TREASURIES 47.464 88.93% u.S. GOVERNMENT AGENCIES 1,854,425 29.06% LU.S. GOVERNMENT AGENCIES 2.031,145 30,73% •U. S. GOVERNMENT AGENCIES 4,991 9.35% MONEY MARKET MUTUAL FUNDS 674,298 10.57% MONEY MARKET MUTUAL FUNDS 686,771 10.39% MONEY MARKET MUTUAL FUNDS 920 1,72% MUNICIPAL DEBT 254,080 3.98% MUNICIPAL DEBT 267,704 4.05% -LOCAL AGENCY INVESTMENT FUND 36,256 0.57% •LOCAL AGENCY INVESTMENT FUND 38,200 0.58% $ 6,381.562 100.00% 6.608,669 100.00% 53,375 100.00%
18768
00--M -UC-UU -120-04
0220657-00-04007-04
usbank
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: April 1, 2022 to April 30, 2022
MARKET VALUE SUMMARY
Current Period
04/01/22 to 04/30/22
Beginning Market Value Change: 3,618,327.02
$20,845,430.54 $30,000,000,
Taxable Interest 7.77 $25,000,000
Cash Receipts 3,900,000.00
Change in Investment Value -281,680.75 $20,000,000
$15,000,000
Ending Market Value $24,463,757.56 $10,000,000
$5,000,000
$0L
Beginning Ending
MV MV
$20,845,430.54 $24,463,757.56
10 $324,644.24 100.00 $24,463,757.56 Total Market Value 324,600.00 99.90 24,439,365.25 Taxable Bonds
44.24 0.10 24,392.31 Cash & Equivalents
Annual Income Total Market Value Assets
Estimated % of Current Period
ASSET SUMMARY
April 1, 2022 to April 30, 2022 ACCOUNT NUMBER:
CITY OF LAGUNA NIGUEL
usbank
0220657-00-04007-04
00--M -UC-UU - 120-04
18768
11 $7.77 Total Current Period Income
7.77 Taxable Interest
Current Period
Income Received
INCOME SUMMARY
April 1, 2022 to April 30, 2022 ACCOUNT NUMBER:
CITY OF LAGUNA NIGUEL
usbank
0220657-00-04007-04
00- -M -UC-UU -120-04
18768
$0.00 Ending Cash 04/30/2022
95,352.23 Net Money Market Activity
-3,995,360.00 Purchases
3,900,000.00 Cash Receipts
7.77 Taxable Interest
$0.00 Beginning Cash 04/01/2022
Cash
CASH SUMMARY
April 1, 2022 to April 30, 2022 ACCOUNT NUMBER:
CITY OF LAGUNA NIGUEL
usbank.
0220657-00-04007-04
00--M -UC-UU -120-04
18768
18768
00--M -UC-UU -120-04
0220657-00-04007-04
usbank
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: April 1, 2022 to April 30, 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
24,392.310 1.0000 24,392.31 24,392.31 0.00 0.1 44.24 0.18 Total Cash/Money Market $24,392.31 $24,392.31 $0.00 0.1 $44.24 Total Cash & Equivalents $24,392.31 $24,392.31 $0.00 0.1 $44.24 Taxable Bonds
US Government Issues
FHLMC - 3137EAEPO
1.500 02/12/2025
4,000,000.000 96.3040 3,852,160.00 4,188,112.71 -335,952.71 15.7 60,000.00 1.56 FHLMC MTN - 3134GV5R5
0.570 07/15/2024
1,000,000.000 95.3640 953,640.00 1,000,000.00 -46,360.00 3.9 5,700.00 0.60 FN MA - 3135G05X7
0.375 08/25/2025
8,700,000.000 91.9770 8,001,999.00 8,645,922.29 -643,923.29 32.7 32,625.00 0.41 Federal Farm Credit Bks - 3133ENVD9
2.875 04/26/2027
4,000,000.000 99.5460 3,981,840.00 3,995,360.00 -13,520.00 16.3 115,000.00 2.89 Federal Home Loan Bks - 3130AJTX7
0.720 07/21/2025
625,000.000 93.7730 586,081.25 625,000.00 -38,918.75 2.4 4,500.00 0.77 18768
00--M -UC-UU -120-04
0220657-00-04007-04
usbank
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: April 1, 2022 to April 30, 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 - 3130AJTF6
0.740 07/14/2025
1,000,000.000 93.1210 931,210.00 1,000,000.00 -68,790.00 3.8 7,400.00 0.79 Federal Home Loan Bks - 3130AMFS6
0.750 06/12/2026
2,000,000.000 91.1910 1,823,820.00 2,001.415.36 -177,595.36 7.5 15,000.00 0.82 187509112026 BKs - 3130A8X4
4,500,000.000 95.7470 4,308,615.00 4,665,690.00 -357,075.00 17.6 84,375.00 1.96 Total US Government Issues $24,439,365.25 $26,121,500.36 -$1,682,135.11 99.9 $324,600.00 Total Taxable Bonds $24,439,365.25 $26,121,500.36 -$1,682, 135.11 99.9 $324,600.00 Total Assets $24,463,757.56 $26,145,892.67 -$1,682,135.11 100.0 $324,644.24 Estimated Current Yield 1.32
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 necessarly reet prices at which assets could be bought or sold. Vatues are updated based on internal policy and may be updated less frequenty than statemen 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 your investments may earn in the future. 18768
00- -M -UC-UU - 120-04
0220657-00-04007-04
usbank
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: April 1, 2022 to April 30, 2022
TRANSACTION DETAIL
Date
Posted Activity Description Cash Tax Cost
Beginning Balance 04/01/2022 $0.00 $22,245,884.90
04/01/22 Asset Income First Am Gov OB Fa CIZ 7.77
Interest From 3/1/22 To 3/31/22
04/22/22 Cash Receipt 3,900,000.00
Recd From City Of Laguna Niguel
04/26/22 Purchase -3,995,360.00 3,995,360.00
Trade Date 4/22/22
Purchased Through Cantor Fitzgerald & Co.
4,000,000 Par Value At 99.8849
Purchase Combined Purchases For The Period 4/ 1/22 - 4/30/22 Of -3,900,007.77 3,900,007.77 First Am Govt Ob Fd CI Z
Sale Combined Sales For The Period 4/1/22 - 4/30/22 Of 3,995,360.00 -3,995,360.00 First Am Govt Ob Fd CI Z
Ending Balance 04/30/2022 $0.00 $26,145,892.67
18768
00--M - UC-UU -120-04
0220657-00-04007-04
usbank
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: April 1, 2022 to April 30, 2022
BOND SUMMARY
70%1
60%
50%
40%
30%
20%
10%
0%
2023 T
2022 2024 2025 2026 2027
Percentage of
Par Value Market Value Category
MATURITY
2022 0.00 0.00 0.00
2023 0.00 0.00
0.00 2024 1,000,000.00 953,640.00 3.91
2025 14,325,000.00 13,371,450.25 54.71
2026 6,500,000.00 6,132,435.00 25.09
2027 4,000,000.00 3,981,840.00 16.29
Total of Category $25,825,000.00 $24,439,365.25 100.00
MOODY'S RATING
Aaa 24,825,000.00 23,485,725.25 96.10
N/A 1,000,000.00 953,640.00 3.90
Total of Category $25,825,000.00 $24,439,365.25 100.00
18768
00- -M -UC-UU -120-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: April 1, 2022 to April 30, 2022
BOND SUMMARY (continued)
Percentage of
Par Value Market Value Category
S&P RATING
AA+ 24,825,000.00 23,485,725.25 96.10
N/A 1,000,000.00 953,640.00 3.90
Total of Category $25,825,000.00 $24,439,365.25 100.00
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 Period
04/01/2022 to 04/30/2022
CITY OF LAGUNA NIGUEL
City of Laguna Niguel PARS PAPEBT
Plan Summary
Beginning Plan Value as of 04/01/2022 $998,152.26
Change in Plan Value $(46,545.90)
Ending Plan Value as of 04/30/2022 $951,606.36
Activity Summary by Source
Balance on Balance on
Source 04/01/2022 Contributions Earnings Expenses Distributions Transfers 04/30/2022 PENSION $998,152.26 $0.00 S(46,051.41) S(494.49) $0.00 $0.00 5951,606.36 Totals $998,152.26 $0.00 $(46,051.41) $(494.49) $0.00 $0.00 $951,606.36 Transactions for the Period
Source Date Description Amount
PENSION 04/21/2022 ASSET MOMT FEES $(286.54)
PENSION 04/28/2022 INTER-ACCOUNT TRANSFER IN $207.95
PENSION 04/28/2022 INTER-ACCOUNT TRANSFER OUT $(207.95) PENSION 04/28/2022 TRUST ADMINISTRATOR FEES $(207.95)
PENSION 04/30/2022 ACCOUNT GAINS/(LOSSES) $(46,051.41)
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 appreciatior The major portion of the assets is committed to income-producing securities. Market fluctuations should be Conservative
expected.
Investment Performance
Annualized Return Inception
Source 1-Month 3-Month 1-Year 3-Years 5-Years 10-Years Date PENSION -4.61% -6.92% -6.72% 05/26/2020
4350 Von Karman Ave., Ste. 100, Newport Beach, CA 92660-2043 phone 800.540.6369 fax 949.250.1250 www.pars.org 18