CITY OF LAGUNA NIGUEL
CITY COUNCIL AGENDA ITEM
To: Honorable Mayor and Council Members
FROM: Tamara S. Letourneau, City Manager
DATE: August 2, 2022
SUBJECT: Investment Report as of June 30, 2022
RECOMMENDATION
Staff recommends that the City Council receive and file the City of Laguna Niguel Investment Report as of June 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 June 2022 to June 2021.
Portfolio Balance June 2022 June 2021 Difference
Balance $68,522,135.42 $58,626,786.12 $9,895,349.30
• From May 2022 to June 2022, the City's total cash and investments had a net increase of $2,119,977.52 going from $66,402,157.90 to $68,522,135.42.
Receipts were higher than disbursements for the month. The main reason for this increase is receipt of the second tranche of American Rescue Plan funds from the US Treasury.
• The percentage of pooled investments increased from 57.07% to 58.54%.
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 537 days to 507 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 0.684% to 0.861%. The net yield of OCIP increased from 0.618% to 0.742%.
• The average weighted yield of City investments, including investment pools, increased from 0.906% to 1.025%. 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
1.025% 3.010% 2.800% 2.510% 0.742% 0.861%
The monthly Investment Report as of June 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 June 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.
Jamaras Betowneau Eric Hendrickon
Tamara S. Letourneau Eric Hendrickson
City Manager Finance Director
Attachments:
A. Monthly Investment Report as of June 30, 2022
ATTACHMENT A
Investment Report as of June 30, 2022
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
as of
June 30, 2022
Tamara S. Letourneau
CITY MANAGER
Eric Hendrickson
FINANCE DIRECTOR
August 2, 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
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 June 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.
Jamara Stornam. Eir Hendrickson
Tamara S. Letourneau Eric Hendrickson
City Manager Finance Director
City of Laguna Niguel
Summary of Cash and Investments
6/30/22
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
$ 2,255,981.33 3.29% $ 2,25,980.38
US Bank Checking Account
US Bank Money Market Variable $ 31,993.17 0.05% $ 31,993.17 Local Agency Investment Fund 0.861% $ 31,013,104.20 45.26% $ 30,564,316.50 Orange County Investment Pool 0.742% $ 9,096,956.36 13.28% $ 9,096,956.36 Federal Home Loan Mortgage Corporation: 7.57%
3134GV5R5 7/15/2020 7/15/2024 0.570% 0.600% 1,000,000.00 951,040.00 3137EAEPO • 1/29/2021 2/12/2025 1.500% 1.560% 4,188,112.71 3,845,000.00 Federal National Mortgage Association: 12.62%
3135G05X7 1/29/2021 8/25/2025 0.375% 0.410% 8,645,922.29 7,990,254.00 Federal Home Loan Banks: 17.93%
3133ENVD9 4/26/2022 4/26/2027 2.875% 2.910% 3,995,360.00 3,957,920.00 3130AJTF6 7/14/2020 7/14/2025 0.740% 0.800% 1,000,000.00 929,990.00 3130AJTX7 7/21/2020 7/21/2025 0.720% 0.770% 625,000.00 585,375.00 3130AMFS6 8/12/2021 6/12/2026 0.750% 0.820% 2,001,415.36 1,820,540.00 3130A8XY4 10/18/2021 9/11/2026 1.875% 1.980% 4,665,690.00 4,261,500.00 Total City Investments Including Investment Pools $ 68,522,135.42 100.00% 3 66,393,466.36 Restricted for Specific Use
PARS 115 Pension Trust -3.840% $ 1,000,000.00 916,958.35 Average weighted maturity of Investments, excluding Investment Pools: 1,287 days Average weighted maturity of Investments, including Investment Pools: 507 days Average weighted yield of Investments, excluding Investment Pools 1.319% Average weighted yield of Investments, including Investment Pools 1.025% * 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 07/18/22
PMIA Average Monthly Quarterly Performance
Effective Yields(1) Quarter Ended 06/30/22
June 0.861 0.75
May 0.684 0.00002057622201151
Apr 0.523 0.987125414
MIA Average Life'):
Pooled Money Investment Account
Monthly Portfolio Composition (1)
06/30/22
$234.5 billion
Corporate
Commercial Bonds
0.21%
Time Loans
Deposits .0.35%
Certificates of 1.90%
Deposit/Bank Notes.
5.71%
Agencies
18.90%
Treasuries
68.02%
Chart does not include $4,693,000.00 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 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
6/30/2022
Carrying Cost Plus
Description Accrued Interest Purch. Amortized Cost Fair Value Accrued Interest United States Treasury:
Bills $ 54,848,665,577.86 $ 54,942,932,200.87 $ 54,781,856,500.00 NA Notes $ 104,643,095,916.36 I$ 104,593,661,357.83 $ 102,160,461,000.00 $ 245,265,780.00 Federal Agency:
SBA $ 307,350,707.85 $ 307,350,707.85 $ 308,985,118.38 $ 193,926.96 MBS-REMICs $ 4,692,696.64 $ 4,692,696.64 4,761,517.29 21,218.19 Debentures $ 9,362.179,022.09 $ 9,361,738,008.20 $ 9,198,083,200.00 10,102,007.55 Debentures FR $ $ $
Debentures CL $ 2,350,000,000.00 2,350,000,000.00 $ 2,333,288,000.00 $ 4,963,026.00 Discount Notes $ 30,059,675,770.69 $ 30,110,253,965.21 30,001,238,500.00 NA Supranational Debentures $ 2,211,832,920.27 $ 2,211,832,920.27 $ 2,141,709,500.00 $ 5,074,333.50 Supranational Debentures FR - $
CDs and YCDs FR $ $ $
Bank Notes $ 100,000,000.00 $ 100,000,000.00 100,127,240.39 $ 8,333.33 CDs and YCDs $ 13,285,000,000.00 $ 13,285,000,000.00 13,259,760,785.79 $ 28,932,798.53 Commercial Paper $ 11,523,629,687.36 $ 11,549,363,979.09 11,525,497,727.72 NA Corporate:
Bonds FR $ $ $ $ -
Bonds $ 492,674,729.32 1$ 492,342, 145.99| $ 473,145,680.00 I$ 3,245,257.95 Repurchase Agreements $ - $ $ $
Reverse Repurchase $ - $ $ $
Time Deposits $ 4,453,000,000.00 $ 4,453,000,000.00 1$ 4,453,000,000.00 NA PMIA & GF Loans $ 828,153,000.00 $ 828,153,000.00 $ 828,153,000.00 NA [TOTAL $ 234,469,950,028.44 $ 234,590,320,981.95 $ 231,570,067,769.57 $ 297,806,682.01 Fair Value Including Accrued Interest : 231,867,874,451.58 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 (0.987125414).
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 $19,742,508.28 or $20,000,000.00 x 0.987125414. 4 7/1/22, 9:45 AM LAIF Regular Monthly Statement
California State Treasurer
Fiona Ma, CPA
Local Agency Investment Fund July 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:
June 2022 Statement
Web
Effective Transaction Type Tran Confirm Confirm
Date Date Number Number Authorized Caller Amount
6/8/2022 6/8/2022 1705798 KRISTIN FORIER 3,200,000.00
6/15/2022 6/15/2022 RD 1706131 N/A KRISTIN FORIER 20,000,000.00 Account Summary
Total Deposit: 23,200,000.00 Beginning Balance: 7,813,104.20 Total Withdrawal: 0.00 Ending Balance: 31,013,104.20
5 1/1
COUNTY OF ORANGE
OFFICE OF THE TREASURER-TAX COLLECTOR DANCE COUNT
Shari L. Freidenrich, CPA, CCMT, CPFA, ACPFIM
P. O. BOX 4515
SANTA ANA, CA 92702-4515 HERETA COME
octreasurer.com/publicfunds
June 30, 2022
CITY OF LAGUNA NIGUEL
Attn: Eric Hendrickson, Finance Director
30111 Crown Valley Parkway
Laguna Niguel, CA 92677
Fund Number
JUNE 2022 STATEMENT
INVESTMENT BALANCE IN OCIP
Transactions
Transaction Transaction Description Authorized Signer Amount Date
06/01/2022 May 2022 Investment Admin Fee $ (511.42)
06/01/2022 FY 2017/2018 Investment Admin Fee Refund $ 388.82 06/01/2022 FY 2018/2019 Investment Admin Fee Refund $ 1,235.04 06/01/2022 FY 2019/2020 Investment Admin Fee Refund $ 370.75 06/01/2022 FY 2020/2021 Investment Admin Fee Refund $ 458.16 06/14/2022 Withdrawal Eric Hendrickson $ (20,000,000.00) 06/16/2022 FY 2017/2018 Interest on Refund $ 22.88
06/16/2022 FY 2018/2019 Interest on Refund $ 51.91
06/17/2022 FY 2019/2020 Interest on Refund $ 8.54
06/17/2022 FY 2020/2021 Interest on Refund $ 4.34
06/23/2022 Withdrawal Eric Hendrickson $ (1,000,000.00) 06/27/2022 March 2022 Interest Paid $ 11,812.45
Summary
Total Deposit: $ 14,352.89 Beginning Balance: $ 30,083,114.89 Total Withdrawal: $ (21,000,511.42) Ending Balance: $ 9,096,956.36
ACCRUED INVESTMENT INCOME
Description Amount
April 2022 Interest Accrued $ 13,528.23
May 2022 Interest Accrued $ 16,316.13
Total $ 29,844.36
June 2022 Interest to be accrued in July 2022 $ 11,602.40 6 OF
OFFICE OF THE TREASURER-TAX COLLECTOR DANCE COUNT
SHARI L. FREIDENRICH, CPA, CCMT, 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 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
0.532% 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 R 2022 0.462% 0.404% 5.8
YIELD April 2022 0.547% 0.489% 5.8
0.480% May 2022 0.638% 0.618% 2.0
June 2022 0.762% 0.742% 2.0
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 5.0
YTD August 2020 1.144% 1.085% 5.9 5.0
GROSS September 2020 1.060% 1.001% 5.9 5.0
YIELD October 2020 0.956% 0.897% 5.9 5.0
0.802% November 2020 0.899% 0.840% 5.9 5.0
December 2020 0.767% 0.708% 5.9 5.0
January 2021 0.694% 0.635% 5.9 5.0
February 2021 0.803% 0.744% 5.9 5.0
YTD NET March 2021 0.624% 0.565% 5.9 5.0
YIELD April 2021 0.539% 0.480% 5.9 5.0
0.752% May 2021 0.562% 0.503% 5.9 5.0
June 2021 0.598% 0.588% 1.0 5.0
Year Monthly Apportionment Monthly Apportionment Charged Basis Actual Basis FY 19/20 Date Net Yield Point Fees
Gross Yield Point Fees
July 2019 2.335% 2.276% 5.9 5.5
YTD August 2019 2.283% 2.224% 5.9 5.5
GROSS September 2019 2.295% 2.236% 5.9 5.5
YIELD October 2019 2.177% 2.118% 5.9 5.5
1.868% November 2019 2.073% 2.014% 5.9 5.5
December 2019 1.940% 1.881% 5.9 5.5
January 2020 1.968% 1.909% 5.9 5.5
February 2020 2.003% 1.944% 5.9 5.5
YTD NET March 2020 1.800% 1.741% 5.9 5.5
YIELD April 2020 1.479% 1.420% 5.9 5.5
1.813% May 2020 1.276% 1.217% 5.9 5.5
June 2020 1.261% 1.216% 4.5 5.5
Mission: Ensure safe and timely receipt, déposit, collection and investment of public funds.
ORANGE COUNTY TREASURER - TAX COLLECTOR
BY INVESTMENT TYPE AT MARKET VALUE - By Percentage Holdings June 30, 2022
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 2,935,784 50.70% U.S. TREASURIES 3,336,386 50.62% U.S. TREASURIES 23,966 44.85% U.S. GOVERNMENT AGENCIES 1,815.729 31.36% •U.S. GOVERNMENT AGENCIES 2,098,188 31.83% •U. S. GOVERNMENT AGENCIES 19,984 37.40% MONEY MARKET MUTUAL FUNDS 765,222 13.22% MONEY MARKET MUTUAL FUNDS 837,702 12.71% MONEY MARKET MUTUAL FUNDS 9,480 17.75% MUNICIPAL DEBT 239,140 4.13% MUNICIPAL DEBT 278,509 4.23% LOCAL AGENCY INVESTMENT FUND 34,397 0.59%* •LOCAL AGENCY INVESTMENT FUND 40.060 0.61% $ 5,790,272 100.00% 6,590,845 100.00% 53,430 100.00%
22897
00- -M -UC-UU -182-04
0220657-00-04007-04
usbank
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: June 1, 2022 to June 30, 2022
MARKET VALUE SUMMARY
Current Period
06/01/22 to 06/30/22
Beginning Market Value Change: -206,813.34
$24,580,425.51 $30,000,000
Taxable Interest 7,511.41 $25,000,000
Change in Investment Value -214,324.75
$20,000,000
Ending Market Value $24,373,612.17 $15,000,000
$10,000,000
$5,000,000
6 $0
Beginning Ending
MV MV
$24,580,425.51 $24,373,612.17
10 $325,003.34 100.00 $24,373,612.17 Total Market Value 324,600.00 99.90 24,341,619.00 Taxable Bonds
403.34 0.10 31,993.17 Cash & Equivalents
Annual Income Total Market Value Assets
Estimated % of Current Period
ASSET SUMMARY
June 1, 2022 to June 30, 2022 ACCOUNT NUMBER:
CITY OF LAGUNA NIGUEL
usbank.
0220657-00-04007-04
00- -M -UC-UU -182-04
22897
11 $7,511.41 Total Current Period Income
7,511.41 Taxable Interest
Current Period
Income Received
INCOME SUMMARY
June 1, 2022 to June 30, 2022 ACCOUNT NUMBER:
CITY OF LAGUNA NIGUEL
usbank
0220657-00-0-007-04
22897
12 $0.00 Ending Cash 06/30/2022
-7,511.41 Net Money Market Activity
7,511.41 Taxable Interest
$0.00 Beginning Cash 06/01/2022
Cash
CASH SUMMARY
June 1, 2022 to June 30, 2022 ACCOUNT NUMBER:
CITY OF LAGUNA NIGUEL
usbank.
0220650-0-0400-04
22897
22897
00--M -UC-UU -182-04
0220657-00-04007-04
usbank
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: June 1, 2022 to June 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
#3676
31,993.170 1.0000 31,993.17 31,993.17 0.00 0.1 403.34 1.26 Total Cash/Money Market $31,993.17 $31,993.17 $0.00 0.1 $403.34 Total Cash & Equivalents $31,993.17 $31,993.17 $0.00 0.1 $403.34 Taxable Bonds
US Government Issues
1.500 02 2 3035EAEPO
4,000,000.000 96.1250 3,845,000.00 4,188,112.71 -343,112.71 15.8 60,000.00 1.56 FHLMC MTN - 3134GV5R5
0.570 07/15/2024
1,000,000.000 95.1040 951,040.00 1,000,000.00 -48,960.00 3.9 5,700.00 0.60 FNMA - 3135G05X7
0.375 08/25/2025
8,700,000.000 91.8420 7,990,254.00 8,645,922.29 -655,668.29 32.8 32,625.00 0.41 Federal Farm Credit Bks - 3133ENVD9
2.875 04/26/2027
4,000,000.000 98.9480 3,957,920.00 3,995,360.00 -37,440.00 16.2 115,000.00 2.91 Federal Home Loan Bks - 3130AJTX7
0.720 07/21/2025
625,000.000 93.6600 585,375.00 625,000.00 -39,625.00 2.4 4,500.00 0.77 22897
00--M -UC-UU -182-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: June 1, 2022 to June 30, 2022
ASSET DETAIL (continued)
Security Description Percent
Unrealized of Total Estimated Estimated
Shares/Face Amt 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 92.9990 929,990.00 1,000,000.00 -70,010.00 3.8 7,400.00 0.80 Federal Home Loan Bks - 3130AMFS6
0.750 06/12/2026
2,000,000.000 91.0270 1,820,540.00 2,001,415.36 - 180,875.36 7.5 15,000.00 0.82 Federal Home Loan Bks - 3130A8YY4
1.875 09/11/2026
4,500,000.000 94.7000 4,261,500.00 4,665,690.00 -404,190.00 17.5 84,375.00 1.98 5 Total US Government Issues $24,341,619.00 $26,121,500.36 -$1,779,881.36 99.9 $324,600.00 Total Taxable Bonds $24,341,619.00 $26,121,500.36 -$1,779,881.36 99.9 $324,600.00 Total Assets $24,373,612.17 $26,153,493.53 -$1,779,881.36 100.0 $325,003.34 Estimated Current Yield 1.33
ASSET DETAIL MESSAGES
Time of trade execution and trading party (if not disclosed) will be provided upon request.
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. 22897
00- -M -UC-UU -182-04
0220657-00-04007-04
usbank
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: June 1, 2022 to June 30, 2022
TRANSACTION DETAIL
Date
Posted Activity Description Cash Tax Cost
Beginning Balance 06/01/2022 $0.00 $26,145,982.12
06/01/22 Asset Income Interest Earned On 11.41
First Am Govt Ob Fa CIZ
Interest From 5/1/22 To 5/31/22
06/13/22 Asset Income Interest Earned On 7,500.00
F HL B Deb 0.750% 6/12/26
0.00375 USD/$1 Pv On 2,000,000 Par Value Due 6/12/22
Purchase Combined Purchases For The Period 6/1/22 - 6/30/22 OF -7,511.41 7,511.41 First Am Govt Ob Fd CIZ
G Ending Balance 06/30/2022 $0.00 $26,153,493.53
22897
00--M -UC-UU -182-04
0220657-00-04007-04
usbank
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: June 1, 2022 to June 30, 2022
BOND SUMMARY
70%1
60%
50%
40%
30%
20%
10%
0% T
2022 2023 2024 2025 2026 2027
Par Value Market Value
MATURITY
2022 0.00 0.00
2023 0.00 0.00
2024 1,000,000.00 951,040.00 3.91
2025 14,325,000.00 13,350,619.00
2026 54.85
6,500,000.00 6,082,040.00 24.99
2027 4,000,000.00 3,957,920.00 16.25
Total of Category $25,825,000.00 $24,341,619.00 100.00
MOODY'S RATING
Aaa 24,825,000.00 23,390,579.00 96.09
N/A 1,000,000.00 951,040.00 3.91
Total of Category $25,825,000.00 $24,341,619.00 100.00
22897
00--M -UC-UU -182-04
0220657-00-04007-04
usbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: June 1, 2022 to June 30, 2022
BOND SUMMARY (continued)
Percentage of
Par Value Market Value Category
S&P RATING
AA+ 24,825,000.00 23,390,579.00 96.09
N/A 1,000,000.00 951,040.00 3.91
Total of Category $25,825,000.00 $24,341,619.00 100.00
BOND SUMMARY MESSAGES
Data contained within this section excluded Mutual Funds, Exchange Traded Funds, and Closed-Ended Funds.
PUBLIC
AGENCY
RETIREMENT PARS
SERVICES
CITY OF LAGUNA NIGUEL Account Report for the Period
PARS Post-Employment Benefits Trust 6/1/2022 to 6/30/2022 City of Laguna Niguel
30111 Crown Valley Parkway
Laguna Niguel, CA 92677
Account Summary
Balance as of Balance as o
Source 6/1/2022 Contributions Earnings Expenses Distributions Transfers 6/30/2022 PENSION $954,074.00 $0.00 -$36,647.42 $468.23 $0.00 $0.00 $916,958,35 Totals $954,074.00 50.00 -$36,647.42 $468.23 $0.00 $0.00 5916,958.35 Investment Selection
Source
PENSION Moderately Conservative HighMark PLUS
Investment Objective
Source
PENSION The dual goals of the Moderately Conservative Strategy are current income and moderate capital appreciation. The major portion of the assets is committed to income-producing securities. Market fluctuations should be expected.
Investment Return
Annualized Return
Source 1-Month 3-Months 1-Year 3-Years 5-Years 10-Years Plan's Inception Date PENSION -3.84% -7.99% -11.42% 5/26/2020
Information as provided by US Bank, Trustee for PARS; Not FDIC Insured; No Bank Guarantee; May Lose Value 'ast performance does not guarantee future results. Performance returns may not reflect the deduction of applicable fees, which could reduce returns. Information is deemed reliable but may be subject to chang nvestment Retum: Annualized rate of return is the return on an investment over a period other than one year multiplied or divided to give a comparable one-year retur Account balances are inclusive of Trust Administration, Trustee and Investment Management fees Headquarters - 4350 Von Karman Ave., Suite 100, Newport Beach, CA 92660 800.540.6369 Fax 949.250.1250| www.pars.org 18