To:
FROM:
DATE:
SUBJECT:
CITY OF LAGUNA NIGUEL
CITY COUNCIL AGENDA ITEM
Honorable Mayor and Council Members
Tamara S. Letourneau, City Manager
November 18, 2025
Investment Report as of September 30, 2025
RECOMMENDATION
Staff recommends that the City Council receive and file the City of Laguna Niguel Investment Report as of September 30, 2025.
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 Goal #2, fiscal sustainability, in the City's Strategic Plan.
ANALYSIS
The City successfully transitioned the investment portfolio to Wells Fargo Bank in the month of September as part of the recently issued banking services agreement. Those transactions can be seen in both the US Bank and Wells Fargo Bank statements included in attachment A to this report.
The Federal Open Market Committee (FOMC) concluded its latest meeting on October 29th and elected to reduce the federal funds rate by 25 basis points (0.25%) to a new range of 3.75-4.00%. The decision was not unanimous, as two committee members dissented. One preferred to reduce the federal funds rate by 50 basis points, while another member preferred rates to remain unchanged. The last FOMC meeting is scheduled to conclude on December 10th , and at this time, the CME Fed Watch tool is predicting a nearly 66% probability that the federal funds rate is reduced by another 25 basis points. Additionally, the tool projects rates to be 75 basis points lower by the end of 2026, signaling three additional cuts between now and that time. Beyond 2026, the rates in the fed dot plot appears to mostly flatten out in subsequent years.
Figure 2. FO~IC pnrti d pun ts· n~t·ss 1ncnL..; of upproprinlc muuct~u)· policy: :\li dpuint ur larg_l)l ra ng,t~ or tnrgcl '""cl rur tlu, fodern l fomL, rntc
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. ... , .. .. •• •• .. • • ......... . ..... •• .. • . .. •• •• • • . .... .. ..... . .... •• • . .. . .. . ... • • .. .. •• ... .. .
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,,o
5 5
50 -U
HI
:; 5
30 1 ~
~u
I 5
Io
05 Cl(I
NEETINO DATE COHTllACt ,,_, MU>PRICE PRIOR VOLUME ....... EASE ..,OWN!£ t0Dee20 2S ZQZS 31 Oe-c2025 ,.,, .. ,., .. , ,94130 635 % ,., ..
Target Rate Probabilities for 10 Dec 2025 Fed Mee~ng
Current target rate Is 375-400
""
110:<li
63.59'
'°" ~
.
"" 36.5"
20S
O:<li
350 - 37S 37 5- 400
Ta1get Rate {m bpsl
Pt1:0IBA$ll.n,,.1
TARGET RATE \BPS) , .. , OWEEK 1 " 11)W01 NOW" 1NOV20Z5 J "IO'# ffl) 100CT2~ 350-375
'"" " "' " '"
31S--400(Ql rre nt)
,. '" ""'
'3 2%
400-425
'"' '"' ....
Page2
-....
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Page3
Regardless of where the federal funds rate goes, the City's portfolio continues to be in a great position, with the average weighted yield at 3.744%, and an average duration of 1,385 days, or nearly 4 years. The City's average weighted yield currently exceeds the five-year Treasury yield. With the current selection of investments, the City has locked in $11.5 million in guaranteed interest revenue in the portfolio, and that number does not factor in future reinvestment opportunities when securities mature. Lastly, there is still $6. 7 million invested in securities earning under 1.10% that will mature in calendar year 2026. Based on the FOMC dot plot, those funds will be able to be reinvested at a yield at least 300% higher at that time, further increasing the City's weighted average yield.
The following table compares the portfolio balance as of September 2025 to August 2025.
Portfolio Balance August2025 September 2025 Difference
6.00%
5.()()%
4.00%
3.00%
2.00%
1.00%
0.00%
Balance $58,510,701 $56,256,604 ($2,254,097)
• Over the past month, the City's total cash and investments experienced a net decrease of $2,254,097. This decrease is not unusual this time of year as the City does not receive any property taxes during the month of September.
Property taxes represent more than 50% of total General Fund revenues. • The percentage of pooled investments in the Local Agency Investment Fund (LAIF) remained at 0.19%.
• The average weighted maturity of City investments, including investment pools and money market funds, increased to 1,385 days. The average weighted maturity of City investments, including investment pools and money market, 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 decreased from 4.251% to 4.212%. This represents the thirteenth consecutive month the LAIF yield has decreased. The net yield for the money market funds in the City's safekeeping account decreased to
4.010%. The Fed Funds rate and the LAIF/PMIA rate are nearly even, and on a downward trend.
Average Monthly Yield Comparison - 09/2020 through 09/2025 -
- PMIA
- S&P
---•Fed Funds
September Yields
0 ~ N .... .... .... ~ ~ ~
N C"l C"l (") C"l '<t '<t '<t '<t U') I() I()
N
~
N N N N N N N N
~
N N N
~
N
~
~ ~
0 0 0 0 0 0
~ ~ 0 ~ ~
0 ~ ~
0 ~
N
~ ~ N
~ ~ ~ ~
N
N a; M io io N co oi
PMIA 4.212%
S&P GIP 4.280%
Fed Funds 4.211%
Page4
• The average weighted yield of City investments, including investment pools and money market funds, decreased from 3.770% to 3.744%. This decrease is mostly due to the $2.3M reduction in the overall portfolio. The money market funds earn over 4% yield, and since those are intended as short term investments, the money market funds are used first, when needed. The City's average weighted yield of City investments, including investment pools and money market funds, is calculated by taking the total investment earnings divided by the total portfolio at cost.
• A comparison of the City's average weighted yield to short-term and long-term benchmarks is presented below:
City Portfolio Benchmark Comparisons
Average Weighted 5-Year 1-Year 6-Month
Yield Treasury Treasury Treasury
3.744% 3.740% 3.680% 3.830%
The monthly Investment Report as of September 30, 2025, is attached.
ALTERNATIVES CONSIDERED
LAIF
4.212%
The City Council can choose not to receive and file the City of Laguna Niguel Investment Report as of September 30, 2025.
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. ~Jfea~
City Manager
Attachment:
Trevor Agrelius
Finance Director
A Monthly Investment Report as of September 30, 2025
ATTACHMENT A
Investment Report as of September 30, 2025
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
as of
September 30, 2025
Tamara S. Letourneau
CITY MANAGER
Trevor Agrelius
FINANCE DIRECTOR
November 18, 2025
CITY OF LAGUNA NIGUEL
INVEST!\IBNT REPORT
TABLE OF CONTENTS
Statement of Compliance/Non-Compliance
Report of Cash and Investments
LAIF Investment Reports
US Bank Statement
Wells Fargo Statement
PARS Statement
1 2
3-5
6-17
18-24
25 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 September 30, 2025, the City was in compliance with the Investment Policy adopted at the June 3, 2025, 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.
~ rn(J,/1#~ T::-~, ~
City Manager Finance Director
City of Laguna Niguel
Summary of Cash and Investments
9/30/25
Settlement Maturity Coupon Purchased Percent of Max Allowed Per Market Anticipated total Description Date Date Rate Yield Cost Portfolio Investment Policy Value Interest earned Petty Cash/Change Drawers s 2,500 .00 0~00% N/A s 2.500 .00 Checking & Investment Accounts 3.805% 2,094,168 96 3.72% N/A 2,094,168 96 Safekeeping Money Market 4.010% 4,461,478.33 7~3% 1000% 4,461,478 33 Local Agency Investment Fund 4.212% 108,981 .11 0.19% >$40 million or 55% 108,981 .11 US Treasurv Note: 46.05% N/A
91282OK8 11/30/2023 11/15/2026 4,625% 4.310% 1,008,640.00 1,009,804 .69 128,749.72 91282OA0 11/10/2023 9/30/2028 4,625% 4.500% 1,005,380.00 1,028,203 .13 221,376.41 91282ON2 12/8/2023 11/30/2028 4.375% 4.020% 2,031,720 .00 2,043,593.76 407,033 .11 91282CKG5 4/12/2024 3/31/2029 4.250% 4,500% 1,475,175.00 1,523,085.93 329,913.80 91282CFJ5 10/24/2024 8/31/2029 3.125% 4.000% 961,730 .00 979,726.56 186,760 ,06 91282CLN9 11/6/2024 9/30/2029 3.500% 4.310% 970,990 .00 993,125.00 205,120 ,71 91282CMA6 12/20/2024 11/30/2029 4.125% 4.330% 990,940.00 1,016,171.88 212,304 ,96 91282CMD0 1/13/2025 12/31/2029 4.375% 4.470% 995,790 ,00 1,026,093.75 221,095 .66 91282CGZ8 5/13/2025 4/30/2030 3,500% 4,000% 1,466,505.00 1,485,937-50 291,372 .45 91282CMC2 4/24/2025 12/31/2031 4.500% 4.075% 1,024,620 .00 1,034,882 81 279,346.50 91282CFV8 4/11/2025 11/15/2032 4,125% 4.126% 1,999,870.00 2,023,437 .50 627,306 89 91282OJl 1/7/2025 11/15/2033 4,500% 4530% 1,496,655.00 1,551,035 .16 600,713.03 91282CKQ3 1/13/2025 5/15/2034 4.375% 4.660% 978,560 .00 1,023,359.38 425,899 .88 91282CLF6 10/9/2024 8/15/2034 3.875% 4.079% 1,955,400.00 1,969,843 .76 786,025.96 91282CLW9 12/20/2024 11/30/2034 4.250% 4.349% 3,968,200 ,00 4,046,562.52 1,717,119 .88 91282CMM0 3/25/2025 2/15/2035 4.625% 4,275% 3,083,550.00 3,118,359 .39 1,305,216.03 91282CNC1 5/15/2025 5/15/2035 4.125% 4.375% 495,000 .00 504,726.57 216,681.16 Certificates of Deposit: 7.11% 30,00%
15140RCY3 7/25/2023 7/26/2027 4.700% 4.700% 250,000.00 254,384 ,75 47,064.38 85628340 7/31/2023 8/2/2027 4.600% 4,600% 250,000.00 254,002 .83 46,094.52 15118RM38 12/8/2023 12/8/2027 4.600% 4,600% 250,000.00 254,988 80 46,031 .51 33610RVD2 12/12/2023 12/10/2027 4.550% 4.550% 250,000 ,00 254,689.65 45,468 84 05580AY24 7/18/2023 4/14/2028 4.400% 4.408% 249,875.00 254,412 .13 52,266 02 2546733V6 7/18/2023 4/17/2028 4.400% 4.408% 249,875.00 254,508 45 52,356 .55 20033A4J2 7/26/2023 7/26/2028 4.450% 4.450% 250,000.00 255,355.58 55,685 .96 062119CD2 7/28/2023 7/28/2028 4.500% 4.500% 250,000.00 255,701 .00 56,311 ,64 02589AF64 11/1/2023 11/1/2028 5.000% 5.000% 250,000.00 259,560 63 62,568.49 87165E3V7 11/3/2023 11/3/2028 5.000% 5.000% 250,000.00 259,572.65 62,568.49 795451DH3 12/13/2023 12/13/2028 4.400% 4400% 250,000.00 255,364 .00 55,060 27 58404D1](9 12/22/2023 12/22/2028 4.300% 4.300% 250,000 ,00 254,763.93 53,808 90 32110YK46 12/28/2023 12/28/2028 4.300% 4300% 250,000 .00 254,774 .55 53,808 90 848608FB6 1/31/2024 1/31/2029 3.950% 3 950% 250,000.00 252,083 .20 49,429 .11 903572GQ2 2/14/2024 2/14/2029 3.950% 3,950% 250,000.00 252,075.18 49,429.11 89235MPR6 6/28/2024 6/28/2029 4.500% 4.500% 250,000.00 256,615 .70 56,280 .82 Federal Farm Credit Banks: 19.57% 25,00%
3133EPYW9 10/20/2023 10/20/2025 5.125% 5.178% 999,000 .00 1,000,413.04 103,598 .16 3133ENVD9 4/26/2022 4/26/2027 2.875% 2.900% 3,995,360.00 3,951,635 52 579,644 .64 3133EPH81 12/8/2023 10/4/2027 4.500% 4.150% 2,024,580 .00 2,034,164 .08 321,347 99 3133EPW84 1/30/2024 1/18/2029 3.875% 3.930% 2,493,800.00 2,520,091.40 487,370.28 3133EP3B9 2/26/2024 2/13/2029 4.125% 4.200% 1,494,975 .00 1,521,616 ,02 312,052 48 Federal Home Loan Banks: 15.42% 2500%
3130AMF56 8/12/2021 6/12/2026 0.750% 0.735% 2,001,415 .36 1,959,706 .26 71,133 87 3130A8XY4 10/18/2021 9/11/2026 1.875% 1.100% 4,665,690 .00 4,424,629 .77 251,551 ,00 3130AWC24 6/23/2023 6/9/2028 4.000% 3.930% 2,006,180.00 2,018,661.48 391,622 .28
34.98% 60.00%
Total City Investments Including Investment Pools $ 56,256,603.76 100.00% s 56,558,848.29 s 11,524 .590.43 Restricted for Specific Use
PARS 115 Pension Trust $ 2,000,000 .00 3.43% 20.00% $ 2,526,736.20 Average weighted maturity of Investments, excluding Investment Pools: 1,571 days Average weighted maturity of Investments, including Investment Pools and Money Market: 1,385 days Average weighted yield of Investments, excluding Investment Pools: 3.716% Average weighted yield of Investments, including Investment Pools and Money Market: 3.744% • Market value of City investments is provided by Wells Fargo Bank 2 11/10/25, 3:34 PM
California State Treasurer
Fiona Ma., CPA
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-000 I
(916) 653-300 I
CITY OF LAGUNA NIGUEL
TREASURER
30111 CROWN VALLEY PARKWAY
LAGUNA NIGUEL, CA 92677
Account Number: 98-30-408
September 2025 Statement
Account Summary:
Total Deposit:
Total Withdrawal:
https://laifms.treasurer .ca.gov/RegularStatement.aspx
LAIF Regular Monthly Statement
November 10, 2025
LAIF Horne
PMTA Average Monthly:
Yields
Tran Ty:P-e Defi nitions
0.00 Beginning Balance :
0.00 Ending Balance:
3 108,981.11
108,981.11
1/1
PMIA/LAIF Performance Report
as of 11/05/25
Quarterly Performance
Quarter Ended 9/30/25
PMIA Average Monthly
Effective Vieldsl11
LAIF Apportionment Rate121:
LAIF Earnings Ratio121:
LAIF Administrative Cost1110:
LAIF Fair Value Factor 111:
PMIA Daily111:
PMIA Quarter to Date111:
PMIA Average Life111:
4.34 0.00011893333163814
0.26 1.001929581
4.19 4.24
254
October
September
August
July
June
May
Pooled Money Investment Account
Monthly Portfolio Composition 11>
9/30/25
Certificates of
Deposit/Bank Notes
9.74%
$161. 7 billion
Corporate
Bonds
0.58%
4.150
4.212
4.251
4.258
4.269
4.272
Treasuries
51.39%
Agencies
29.08%
Chart does not include $987,000.00 in mortgages, which equates to 0 001%. Percentages may not total 100% due to rounding.
Daily rates are now available here. View PMIA Daily Rates Notes: The apportionment rote ln<:ludes interest earned on the Co/PERS supplemental Pension Payment pursuant to Government Code Z08Z5 {c){l).
'The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. 71,e law provides that administrative costs ar<> not to exceed 5% of quarterly EARNINGS of the fund. However, I/the 13-week Daily Treasury 8111 Rare on the lost day of the fiscal year ,s below l¼ then admlnlstrorlve costs shall not '!Meed 8'¼ of quarte rly EARNINGS of the fund for the subsequent F/$COI year.
Source:
111 State of california, Office of the Treasurer
l>I State of california, Office of the Controller
4 ~~ ,~vfsr41~ State of California
~ ~ ',> ~n . ... Pooled Money Investment Account {fJ ~
_, - c::,
i 1 ~~ ~ Market Valuation ~~ ,.,~~
>' L1ou10"1 •
9/30/2025
Carrying Cost Plus
Description Accrued Interest Purch. Amortized Cost Fair Value United States Treasurv:
Bills $ 39,599.745, 147.02 $ 39,973,471 ,901.90 $ 39,985,802,450.00 Notes $ 43,494,437,239.54 $ 43.477.478,895.29 $ 43,720.178,000.00 Federal Agency:
SBA $ 262,881,870.42 $ 262,768,178.80 $ 260,243,125.97
MBS-REMICs $ 986,577.07 $ 986,577.07 $ 996,338.26
Debentures $ 5,820,766,716.29 $ 5.820,766,716.29 $ 5,837.507 ,030.00 Debentures FR $ - $ - $ -
Debentures CL $ 3, 150,000,000.00 $ 3,150,000,000.00 $ 3, 162.895.050 .00 Discount Notes $ 34,045,057,208.42 $ 34,430,751,569.55 $ 34.435.696,650 .00 Supranationa l Debentures $ 3,735,297,997 .63 $ 3.734,838,622.61 $ 3,752. 739,630.00 Supranationa l Debentures FR $ - $ - $ -
CDs and YCDs FR $ - $ - $ -
Bank Notes $ 200,000,000 .00 $ 200.000.000.00 $ 199,956,589 .25 CDs and YCDs $ 15,550,000,000.00 $ 15.550,000,000.00 $ 15,553,645.102 .15 Commercial Paper $ 9,375,972,041.62 $ 9,473.396.736.20 $ 9,476,638,541.63 Corporate:
Bonds FR $ - $ - $ -
Bonds $ 943.615.108.85 $ 943,498,546 .35 $ 945,273,378.00 Repurchase AQreements $ - $ - $ -
Reverse Repurchase $ - $ - $ -
Time Deposits $ 5.249.000,000.00 $ 5,249,000,000.00 $ 5,249,000,000 .00 PMIA & GF Loans $ 262. 742,740 .00 $ 262.742.740.00 $ 262,742 ,740.00 TOTAL $ 161,690,502,646.86 $ 162,529. 700.484.06 $ 162,843,314,625.26 Fair Value Including Accrued Interest $ 163,559,355,755.38 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 ( 1.001929581) 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 $20,038,591 .61 or $20,000,000 .00 x1 .001929581 5 Accrued Interest
NA
$ 396,089,830.50
$ 1.048, 765.00
$ 4,303.86
$ 42,941,193 .90
$ -
$ 39,916,907.00
NA
$ 27,482,975.50
$ -
$ -
$ 1,148,416.67
$ 198,281,555.54
NA
$ -
$ 9.127. 182.15
$ -
$ -
NA
NA
$ 716,041,130.12
[!!1bank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: 6736304200
Beginning Market Value
Taxable Interest
Paid To/For Beneficiaries
Cash Disbursements
Change in Investment Value
Assets Delivered
Ending Market Value
MARKET VALUE SUMMARY
Current Period
09/01/25 to 09/30/25
$55,623,580.96 $70,000, 000
67,283.07 $60,000,000
-1,500,838.70 $50,000,0001
-4,385,377 .83 $40,000,000
298,480.00 $30,000,000
-50,103,127.50 $20,000,000
$0.00 $10,000,000
-- $0
6 f
25572
00- -M -UC-UU -274-04
0220657-00-04007-04
September 1, 2025 to September 30, 2025
Change: -55,623,580.96
Beginning
MV
$55,623,580.96
1 Ending
MV
$0.00
~ bank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: 6736304200
Assets
Cash & Equivalents
No reportable securities for this statement period
Current Period
Market Value
0.00 % of
Total
0.00 ASSET SUMMARY
Estimated
Annual Income
0.00 ASSET SUMMARY MESSAGES
7 25572
00- -M -UC-UU -274-04
0220657-00-04007-04
~ - .
September 1, 2025 to September 30, 2025
[!!3bank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: 6736304200
Taxable Interest
Total Current Period Income
INCOME SUMMARY
Income Received
Current Period
67,283.07
$67,283.07
8 25572
00- -M -UC-UU -27 4-04
0220657-00-04007-04
September 1, 2025 to September 30, 2025
[!I3bank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: 6736304200
Beginning Cash 09/01/2025
Taxable Interest
Paid To/For Beneficiaries
Cash Disbursements
Net Money Market Activity
Ending Cash 09/30/2025
CASH SUMMARY
Cash
$0.00
67,283.07
-1,500,838.70
-4,385,377 .83
5,818,933.46
$0.00
9 25572
00- -M -UC-UU -274-04
0220657-00-04007-04
~
. .
September 1, 2025 to September 30, 2025
[!Ijbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: 6736304200
No reportable securities for this statement period
ASSET DETAIL MESSAGES
10 25572
00- -M -UC-UU -274-04
0220657-00-04007-04
September 1, 2025 to September 30, 2025
[!!3bank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: 6736304200
TRANSACTION DETAIL
Date
Posted Activity
Beginning Balance 09/01/2025
09/02/25 Asset Income
09/02/25 Asset Income
09/02/25 Asset Income
09/08/25 Asset Income
09/09/25 Cash Disbursement
09/11/25 Asset Income
09/15/25 Asset Income
09/18/25 Cash Disbursement
09/18/25 Free Deliver
Description
Interest Earned On
Spiritbank Tulsa CD 3.950% 1/31/29
0.003355 USD/$1 Pv On 250,000 Par Value Due 8/30/25
Interest Earned On
US Treasury Nt 3.125% 8/31/29
0.015625 USD/$1 Pv On 1,000,000 Par Value Due 8/31/25
Interest Earned On
First Am Treas Ob Fd Cl Z
Interest From 8/1/25 To 8/31/25
Interest Earned On
Celtic Bk C D 4.600% 12/08/27
0.003907 USD/$1 Pv On 250,000 Par Value Due 9/8/25
Cash Disbursement
Paid To City Of Laguna Niguel
Deposit To Checking Acct
To Fund ODA 09/09/2025
Interest Earned On
F H L B Deb 1.875% 9/11/26
0.009375 USD/$1 Pv On 4,500,000 Par Value Due 9/11/25
Interest Earned On
Uinta Bk Min CD 3.950% 2/14/29
0.003355 USD/$1 Pv On 250,000 Par Value Due 9/14/25
Cash Disbursement
Paid To 2072
Transfer To Another Account
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 4,500,000 Par Value Of
F H LB Deb 1.875% 9/11/26
Transfer To Another Account
Market Value Of 4,422,240.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
11 25572
00- -M -UC-UU -274-04
0220657-00-04007-04
~~
~
September 1, 2025 to September 30, 2025
Cash
$0.00
838.70
15,625.00
6,816.46
976.71
-1,500,000.00
42,187.50
838.70
-4,385,377.83
Tax Cost
$55,408,408.82
-4,665,690.00
[!Ijbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: 6736304200
TRANSACTION DETAIL (continued)
Date
Posted Activity
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
Description
Distributed 2,000,000 Par Value Of
F H LB Deb 0.750% 6/12/26
Transfer To Another Account
Market Value Of 1,955,100.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 2,000,000 Par Value Of
F H L B Deb 4.000% 6/09/28
Transfer To Another Account
Market Value Of 2,024,480.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 4,000,000 Par Value Of
F F C B 2.875% 4/26/27
Transfer To Another Account
Market Value Of 3,951,840.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 1,500,000 Par Value Of
FF CB Deb 4.125% 2/13/29
Transfer To Another Account
Market Value Of 1,522,635.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 2,000,000 Par Value Of
FF CB Deb 4.500% 10/04/27
Transfer To Another Account
Market Value Of 2,035,020.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 2,500,000 Par Value Of
FF CB Deb 3.875% 1/18/29
Transfer To Another Account
Market Value Of 2,529,025.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 1,000,000 Par Value Of
FF CB Deb 5.125% 10/20/25
Transfer To Another Account
Market Value Of 1,000,960.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
12 25572
00- -M -UC-UU -274-04
0220657-00-04007-04
September 1, 2025 to September 30, 2025
Cash Tax Cost
-2,001,415.36
-2,006, 180.00
-3,995,360.00
-1,494,975.00
-2,024,580.00
-2,493,800.00
-999,000 .00
[!E3bank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: 6736304200
TRANSACTION DETAIL (conti nued
Date
Posted Activity
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
Description
Distributed 1,000,000 Par Value Of
US Treasury NI 3.125% 8/31/29
Transfer To Another Account
Market Value Of 984,180.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 2,000,000 Par Value Of
US Treasury Nt4.125% 11/15/32
Transfer To Another Account
Market Value Of 2,042,500.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 1,500,000 Par Value Of
U S Treasury NI 3.500% 4/30/30
Transfer To Another Account
Market Value Of 1,494,555.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 1,000,000 Par Value Of
U S Treasury NI 4.625% 9/30/28
Transfer To Another Account
Market Value Of 1,031,990.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 1,500,000 Par Value Of
US Treasury NI 4.500% 11/15/33
Transfer To Another Account
Market Value Of 1,566,615.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 1,000,000 Par Value Of
U S Treasury NI 4.625% 11 /15/26
Transfer To Another Account
Market Value Of 1,010,430.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 2,000,000 Par Value Of
US Treasury NI 4.375% 11/30/28
Transfer To Another Account
Market Value Of 2,051,400.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
13 25572
00- -M -UC-UU -274-04
0220657-00-04007-04
m.~
~
September 1, 2025 to September 30, 2025
Cash Tax Cost
-961,730.00
-1,999,870.00
-1,466,505.00
-1,005,380.00
-1,496,655.00
-1,008,640 .00
-2,031,720.00
~ bank,,
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: 6736304200
TRANSACTION DETAIL (continued)
Date
Posted Activity
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
Description
Distributed 1,500,000 Par Value Of
US Treasury Nt 4.125% 3/31/29
Transfer To Another Account
Market Value Of 1,529,295.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 1,000,000 Par Value Of
US Treasury Nt 4.375% 5/15/34
Transfer To Another Account
Market Value Of 1,033,910.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 2,000,000 Par Value Of
US Treasury NI 3.875% 8/15/34
Transfer To Another Account
Market Value Of 1,989,920.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 1,000,000 Par Value Of
U S Treasury Nt 3.500% 9/30/29
Transfer To Another Account
Market Value Of 997,730.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 4,000,000 Par Value Of
U S Treasury NI 4.250% 11 /15/34
Transfer To Another Account
Market Value Of 4,087,800 .00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 1,000,000 Par Value Of
U S Treasury NI 4.125% 11 /30/29
Transfer To Another Account
Market Value Of 1,021,640.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 1,000,000 Par Value Of
US Treasury NI 4.500% 12/31/31
Transfer To Another Account
Market Value Of 1,043,520.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
14 25572
00- -M -UC-U U -27 4-04
0220657 -00-04007-04
September 1, 2025 to September 30, 2025
Cash Tax Cost
-1,475, 175.00
-978,560.00
-1 ,955,400.00
-970,990.00
-3,968,200 .00
-990,940 .00
-1,024,620.00
[!I9bank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: 6736304200
TRANSACTION DETAIL (continued)
Date
Posted Activity
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
Description
Distributed 1,000,000 Par Value Of
U S Treasury NI 4.375% 12/31/29
Transfer To Another Account
Market Value Of 1,031,680.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 3,000,000 Par Value Of
US Treasury NI 4.625% 2/15/35
Transfer To Another Account
Market Value Of 3,150,480.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 500,000 Par Value Of
U S Treasury NI 4.250% 5/15/35
Transfer To Another Account
Market Value Of 509,765.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 250,000 Par Value Of
American Express CD 5.000% 11/01/28
Transfer To Another Account
Market Value Of 259,772.50 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 250,000 Par Value Of
Bmw Bk North CD 4.400% 4/14/28
Transfer To Another Account
Market Value Of 254,570.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 250,000 Par Value Of
Bank Five Nine C D 4.500% 7/28/28
Transfer To Another Account
Market Value Of 255,892.50 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 250,000 Par Value Of
Celtic Bk C D 4.600% 12/08/27
Transfer To Another Account
Market Value Of 255,130.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
15 25572
00- -M -UC-UU -274-04
0220657-00-04007-04
~
)'If;
- .
September 1, 2025 to September 30, 2025
Cash Tax Cost
-995,790 .00
-3,083,550.00
-495,000 .00
-250,000.00
-249,875.00
-250,000 .00
-250,000.00
[!Ljbank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: 6736304200
TRANSACTION DETAIL (continued)
Date
Posted Activity
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
Description
Distributed 250,000 Par Value Of
Centier Bk CD 4.700% 7/26/27
Transfer To Another Account
Market Value Of 254,472.50 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 250,000 Par Value Of
Comenity Cap Bk C D 4.450% 7/26/28
Transfer To Another Account
Market Value Of 255,540.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 250,000 Par Value Of
Discover Bk CD 4.400% 4/17/28
Transfer To Another Account
Market Value Of 254,670.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 250,000 Par Value Of
First Natl Bk CD 4.300% 12/28/28
Transfer To Another Account
Market Value Of 254,817.50 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 250,000 Par Value Of
First Premier Bk CD 4.550% 12/10/27
Transfer To Another Account
Market Value Of 254,825.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 250,000 Par Value Of
Medallion Bk C D 4.300% 12/22/28
Transfer To Another Account
Market Value Of 254,812.50 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 250,000 Par Value Of
Sallie Mae Bk CD 4.400% 12/13/28
Transfer To Another Account
Market Value Of 255,462.50 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
16 25572
00- -M -UC-UU -274-04
0220657 -00-04007 -04
September 1, 2025 to September 30, 2025
Cash Tax Cost
-250,000.00
-250,000.00
-249,875.00
-250,000.00
-250,000.00
-250,000.00
-250,000.00
[$3bank.
CITY OF LAGUNA NIGUEL
ACCOUNT NUMBER: 6736304200
TRANSACTION DETAIL (continued)
Date
Posted Activity
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/18/25 Free Deliver
09/24/25 Cash Disbursement
Purchase
Sale
Ending Balance 09/30/2025
Description
Distributed 250,000 Par Value Of
Spiritbank Tulsa CD 3.950% 1/31/29
Transfer To Another Account
Market Value Of 252,075.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 250,000 Par Value Of
State Bk India C D 4.600% 8/02/27
Transfer To Another Account
Market Value Of 254,090.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 250,000 Par Value Of
Synchrony Bank C D 5.000% 11/03/28
Transfer To Another Account
Market Value Of 259,782.50 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 250,000 Par Value Of
Toyota Finl C D 4.500% 6/28/29
Transfer To Another Account
Market Value Of 256,480.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Distributed 250,000 Par Value Of
Uinta Bk Min CD 3.950% 2/14/29
Transfer To Another Account
Market Value Of 252,025.00 USO
308 Delivered To Wells Fargo Bank A/C Xxxx3672
Cash Disbursement
Paid To City Of Laguna Niguel
Deposit To Checking Acct
To Fund DOA 09/24/2025
Combined Purchases For The Period 9/ 1/25 - 9/30/25 Of
First Am Treas Ob Fd Cl Z
Combined Sales For The Period 9/ 1 /25 - 9/30/25 Of
First Am Treas Ob Fd Cl Z
17 25572
00- -M -UC-UU -274-04
0220657-00-04007-04
~
. .
September 1, 2025 to September 30, 2025
Cash Tax Cost
-250,000.00
-250,000.00
-250,000.00
-250,000.00
-250,000.00
-838.70
-67,283.07 67,283.07
5,886,216.53 -5,886,216.53
$0.00 $0.00
■ Wells Fargo Bank, N.A.
550 S Tryon St.
Charlotte, NC 28202
Wells Fargo Bank, N.A.
333 MARKET ST
SAN FRANCISCO CA 94105
WILLIAMS/LEWIS
1-415-644-9152
031440104389900101S117UNN414889600009689748B700102062310/02/25P Wells Fargo Bank, N.A.
Account Statement
CITY OF LAGUNA NIGUEL
30111 CROWN VALLEY PARKWAY
Statement Period
09/01/2025 - 09/30/2025
Account Number
Account Value Summary uso This summary does not reflect the -------------------------------------value of unpriced securities.
Amount Last Amount This % Repurchase agreements are reflected Statement Period Statement Period Portfolio at par value.
Cash $ 0.00 $ 72,374.14 0%
Money Market Mutual Funds 0.00 4,389,104.19 8%
Bonds 0.00 49,891,719.89 92%
Stocks 0.00 0.00 0%
Total Account Value $ 0.00 $ 54,353,198.22 100%
Value Change Since Last Statement Period
Percent Increase Since Last Statement Period
Value Last Year-End
Percent Increase Since Last Year-End
Income Summary uso
Interest
Dividends/Capital Gains
Money Market Mutual Funds Dividends
Other
Income Total
Interest Charged uso
Description
Debit Interest For September 2025
Total Interest Charged
$
$
$ 54,353,198.22
$
This Period
76,100.50 $
0.00 0.00
0.00 76,100.50 $
$
N/A
N/A
N/A
Year-To-Date
76,100.50
0.00 0.00
0.00 76,100.50
This Period
0.00 0.00
Money Market Mutual Funds Summary uso
Description
Opening Balance
Deposits and Other Additions
Distributions and Other Subtractions
Dividends Reinvested
Change in Value
Closing Balance
18 $
$
Amount
0.00 4,389,104.19
0.00 0.00
0.00 4,389,104.19
CITY OF LAGUNA NIGUEL Statement Ending: September 30, 2025 Account Number:
Portfolio Holdings Security positions held with Wells Fargo Bank N.A.
Current Par/ Market Market Original Par
Security ID Description Maturity Date Coupon Original Par Price• Value Pledged** Callable Bonds USO
3133EPYW9 FEDERAL FARM CREDIT BANK 10/20/25 5.125% 1,000,000.000 100.0413 1,000,413.04 N 3130AMFS6 FEDERAL HOME LOAN BANK 06/12/26 0.750% 2,000,000.000 97.9853 1,959,706.26 N 3130A8XY4 FEDERAL HOME LOAN BANK 09/11/26 1.875% 4,500,000.000 98.3251 4,424,629.77 N 91282CJK8 UNITED STATES TREASURY NOTE 11/15/26 4.625% 1,000,000.000 100.9805 1,009,804.69 3133ENVD9 FEDERAL FARM CREDIT BANK 04/26/27 2.875% 4,000,000.000 98.7909 3,951,635.52 N 15140RCY3 CENTIER BANK INTEREST BEARING 07/26/27 4.700% 250,000.000 101.7539 254,384.75 N
CERTIFICATE OF DEPOSIT
8562834C7 STATE BANK INDIA INTEREST 08/02/27 4.600% 250,000.000 101.6011 254,002.83 N
BEARING CERTIFICATE OF DEPOSIT
3133EPH81 FEDERAL FARM CREDIT BANK 10/04/27 4.500% 2,000,000.000 101.7082 2,034,164 .08 N 15118RM38 GEL TIC BANK INTEREST BEARING 12/08/27 4.600% 250,000.000 101.9955 254,988.80 N
CERTIFICATE OF DEPOSIT
33610RVD2 FIRST PREMIER BANK INTEREST 12/10/27 4.550% 250,000.000 101 .8759 254,689 .65 N
BEARING CERTIFICATE OF DEPOSIT
05580AY24 BMW BANK NORTH AMERICA 04/14/28 4.400% 250,000.000 101.7649 254,412.13 N
INTEREST BEARING CERTIFICATE
OF DEPOSIT
2546733V6 CAPITAL ONE NA INTEREST 04/17/28 4.400% 250,000.000 101.8034 254,508.45 N
BEARING CERTIFICATE OF DEPOSIT
3130AWC24 FEDERAL HOME LOAN BANK 06/09/28 4.000% 2,000,000.000 100.9331 2,018,661.48 N 20033A4J2 COMENITY CAPITAL BANK INTEREST 07/26/28 4.450% 250,000.000 102.1422 255,355 .58 N
BEARING CERTIFICATE OF DEPOSIT
062119CD2 BANK FIVE NINE INTEREST 07/28/28 4.500% 250,000.000 102.2804 255,701.00 N
BEARING CERTIFICATE OF DEPOSIT
91282CJA0 UNITED STATES TREASURY NOTE 09/30/28 4.625% 1 ,000,000.000 102.8203 1,028,203.13 02589AF64 AMERICAN EXPR NATL BK INTEREST 11/01/28 5.000% 250,000.000 103.8243 259,560 .63 N
BEARING CERTIFICATE OF DEPOSIT
87165E3V7 SYNCHRONY BANK INTEREST 11/03/28 5.000% 250,000.000 103.8291 259,572.65 N
BEARING CERTIFICATE OF DEPOSIT
91282CJN2 UNITED STATES TREASURY NOTE 11/30/28 4.375% 2,000,000.000 102.1797 2,043,593.76 795451DH3 SALLIE MAE BANK/SALT LKE 12/13/28 4.400% 250,000.000 102.1456 255,364.00 N
INTEREST BEARING CERTIFICATE
OF DEPOSIT
58404DTX9 MEDALLION BANK UTAH INTEREST 12/22/28 4.300% 250,000.000 101.9056 254,763.93 N
BEARING CERTIFICATE OF DEPOSIT
19 031441 1043899 0010 1S11 7 UNl.<1 148896 00009689 74887 0010 20623 10/02125 P
CITY OF LAGUNA NIGUEL Statement Ending: September 30, 2025 Account Number:
Portfolio Holdings (Continued) Security positions held with Wells Fargo Bank N.A.
Current Par/ Market Market Original Par
Security ID Description Maturity Date Coupon Original Par Price* Value Pledged** Callable Bonds USO
32110YK46 FIRST NATL BK OF AMERICA 12/28/28 4.300% 250,000.000 101.9098 254,774.55 N
INTEREST BEARING CERTIFICATE
OF DEPOSIT
3133EPW84 FEDERAL FARM CREDIT BANK 01 /18/29 3.875% 2,500,000.000 100.8037 2,520,091.40 N 848608FB6 SPIRITBANK NA INTEREST BEARING 01 /31/29 3.950% 250,000.000 100.8333 252,083.20 N
CERTIFICATE OF DEPOSIT
3133EP3B9 FEDERAL FARM CREDIT BANK 02/13/29 4.125% 1,500,000.000 101.4411 1,521,616.02 N 903572GQ2 UINTA BANK INTEREST BEARING 02/14/29 3.950% 250,000.000 100.8301 252,075.18 N
CERTIFICATE OF DEPOSIT
91282CKG5 UNITED STATES TREASURY NOTE 03/31/29 4.125% 1,500,000.000 101.5391 1,523,085.93 89235MPR6 TOYOTA FINANCIAL SGS BK 06/28/29 4.500% 250,000.000 102.6463 256,615.70 N
INTEREST BEARING CERTIFICATE
OF DEPOSIT
91282CFJ5 UNITED STATES TREASURY NOTE 08/31/29 3.125% 1,000,000.000 97.9727 979,726.56 91282CLN9 UNITED STATES TREASURY NOTE 09/30/29 3.500% 1,000,000.000 99.3125 993,125.00 91282CMA6 UNITED STATES TREASURY NOTE 11 /30/29 4.125% 1,000,000.000 101.6172 1 ,01 6, 171 .88 91282CMD0 UNITED STATES TREASURY NOTE 12/31/29 4.375% 1,000,000.000 102.6094 1,026,093.75 91282CGZ8 UNITED STATES TREASURY NOTE 04/30/30 3.500% 1,500,000.000 99.0625 1,485,937.50 91282CMC2 UNITED STATES TREASURY NOTE 12/31/31 4.500% 1,000,000.000 103.4883 1,034,882.81 91282CFV8 UNITED STATES TREASURY NOTE 11/15/32 4.125% 2,000,000.000 101.1719 2,023,437.50 91282CJJ1 UNITED STATES TREASURY NOTE 11/15/33 4.500% 1,500,000.000 103.4023 1,551,035.16 91282CKQ3 UNITED STATES TREASURY NOTE 05/15/34 4.375% 1,000,000.000 102.3359 1,023,359.38 91282CLF6 UNITED STATES TREASURY NOTE 08/15/34 3.875% 2,000,000.000 98.4922 1,969,843.76 91282CLW9 UNITED STATES TREASURY NOTE 11/15/34 4.250% 4,000,000.000 101.1641 4,046,562.52 91282CMM0 UNITED STATES TREASURY NOTE 02/15/35 4.625% 3,000,000.000 103.9453 3,118,359.39 91282CNC1 UNITED STATES TREASURY NOTE 05/15/35 4.250% 500,000.000 100.9453 504,726.57 49,500,000.000 49,891,719.89 0.00
*See important information regarding security pricing on Page 2. **Total amount that is pledged to or held for another party or parties. Refer to the Pledge Detail Report for more information. 20
CITY OF LAGUNA NIGUEL Statement Ending: September 30, 2025 Account Number:
Daily Account Activity
Your investment transactions during this statement period.
Settlement/
Transaction / Effective Principal Income Debit/ Credit
Trade Date Date Activit~ Security ID Description Par/ Quanti!l Price Amount Amount Amount Transaction Activity USO
09/18/25 09/18/25 ACATS 02589AF64 AMERICAN EXPR NATL BK INTEREST 250,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 05580AY24 BMW BANK NORTH AMERICA 250,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 062119CD2 BANK FIVE NINE INTEREST 250,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 15118RM38 GEL TIC BANK INTEREST BEARING 250,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 15140RCY3 CENTIER BANK INTEREST BEARING 250,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 20033A4J2 COMENITY CAPITAL BANK INTEREST 250,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 2546733V6 CAPITAL ONE NA INTEREST 250,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 3130AMFS6 FEDERAL HOME LOAN BANK 2,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 3130AWC24 FEDERAL HOME LOAN BANK 2,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 3130A8XY4 FEDERAL HOME LOAN BANK 4,500,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 3133ENVD9 FEDERAL FARM CREDIT BANK 4,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 3133EPH81 FEDERAL FARM CREDIT BANK 2,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 3133EPW84 FEDERAL FARM CREDIT BANK 2,500,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 3133EPYW9 FEDERAL FARM CREDIT BANK 1,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 3133EP3B9 FEDERAL FARM CREDIT BANK 1,500,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 32110YK46 FIRST NATL BK OF AMERICA 250,000 ,00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 33610RVD2 FIRST PREMIER BANK INTEREST 250,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 58404DTX9 MEDALLION BANK UTAH INTEREST 250,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 795451DH3 SALLIE MAE BANK/SALT LKE 250,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 848608FB6 SPIRITBANK NA INTEREST BEARING 250,000 .00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 8562834C7 STATE BANK INDIA INTEREST 250,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 87165E3V7 SYNCHRONY BANK INTEREST 250,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 89235MPR6 TOYOTA FINANCIAL SGS BK 250,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 903572GQ2 UINTA BANK INTEREST BEARING 250,000 .00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CFJ5 UNITED STATES TREASURY NOTE 1,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CFV8 UNITED STATES TREASURY NOTE 2,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CGZ8 UNITED STATES TREASURY NOTE 1,500,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CJA0 UNITED STATES TREASURY NOTE 1,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CJJ1 UNITED STATES TREASURY NOTE 1,500,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CJK8 UNITED STATES TREASURY NOTE 1,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CJN2 UNITED STATES TREASURY NOTE 2,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CKG5 UNITED STATES TREASURY NOTE 1,500,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CKQ3 UNITED STATES TREASURY NOTE 1 ,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CLF6 UNITED STATES TREASURY NOTE 2,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CLN9 UNITED STATES TREASURY NOTE 1,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CLW9 UNITED STATES TREASURY NOTE 4,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CMA6 UNITED STATES TREASURY NOTE 1,000,000.00 0.00 0.00 0.00 21 031442 1043899 0010 15117 UN#414BB96 00009689 74887 0010 20623 10/02/25 P
CITY OF LAGUNA NIGUEL Statement Ending: September 30, 2025 Account Number:
Daily Account Activity (Continued)
Your investment transactions during this statement period.
Settlement/
Transaction / Effective Principal Income Debit/ Credit
Trade Date Date Activity Security ID Description Par/ Quantity Price Amount Amount Amount Transaction Activity USO
09/18/25 09/18/25 ACATS 91282CMC2 UNITED STATES TREASURY NOTE 1,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CMD0 UNITED STATES TREASURY NOTE 1,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CMM0 UNITED STATES TREASURY NOTE 3,000,000 .00 0.00 0.00 0.00 09/18/25 09/18/25 ACATS 91282CNC1 UNITED STATES TREASURY NOTE 500,000.00 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 3130AMFS6 FEDERAL HOME LOAN BANK (2,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 3130AWC24 FEDERAL HOME LOAN BANK (2,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 3130A8XY4 FEDERAL HOME LOAN BANK (4,500,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 3133ENVD9 FEDERAL FARM CREDIT BANK (4,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 3133EPH81 FEDERAL FARM CREDIT BANK (2,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 3133EPW84 FEDERAL FARM CREDIT BANK (2,500,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 3133EPYW9 FEDERAL FARM CREDIT BANK (1,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 3133EP3B9 FEDERAL FARM CREDIT BANK (1,500,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CFJ5 UNITED STATES TREASURY NOTE (1,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CFV8 UNITED STATES TREASURY NOTE (2,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CGZ8 UNITED STATES TREASURY NOTE (1,500,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CJA0 UNITED STATES TREASURY NOTE (1,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CJJ1 UNITED STATES TREASURY NOTE (1,500,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CJK8 UNITED STATES TREASURY NOTE (1,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CJN2 UNITED STATES TREASURY NOTE (2,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CKG5 UNITED STATES TREASURY NOTE (1,500,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CKQ3 UNITED STATES TREASURY NOTE (1,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CLF6 UNITED STATES TREASURY NOTE (2,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CLN9 UNITED STATES TREASURY NOTE (1,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CLW9 UNITED STATES TREASURY NOTE (4,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CMA6 UNITED STATES TREASURY NOTE (1,000,000 .00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CMC2 UNITED STATES TREASURY NOTE (1,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CMD0 UNITED STATES TREASURY NOTE (1,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CMM0 UNITED STATES TREASURY NOTE (3,000,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Deliver 91282CNC1 UNITED STATES TREASURY NOTE (500,000.00) 0.00 0.00 0.00 09/18/25 09/18/25 Receive 3130AMFS6 FEDERAL HOME LOAN BANK 2,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 Receive 3130AWC24 FEDERAL HOME LOAN BANK 2,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 Receive 3130A8XY4 FEDERAL HOME LOAN BANK 4,500,000.00 0.00 0.00 0.00 09/18/25 09/18/25 Receive 3133ENVD9 FEDERAL FARM CREDIT BANK 4,000,000 .00 0.00 0.00 0.00 09/18/25 09/18/25 Receive 3133EPH81 FEDERAL FARM CREDIT BANK 2,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 Receive 3133EPW84 FEDERAL FARM CREDIT BANK 2,500,000.00 0.00 0.00 0.00 09/18/25 09/18/25 Receive 3133EPYW9 FEDERAL FARM CREDIT BANK 1,000,000.00 0.00 0.00 0.00 09/18/25 09/18/25 Receive 3133EP3B9 FEDERAL FARM CREDIT BANK 1,500,000.00 0.00 0.00 0.00 22 CITY OF LAGUNA NIGUEL
Account Number:
Daily Account Activity (Continued)
Your investment transactions during this statement period.
Settlement/
Transaction/ Effective
Trade Date Date Activity Security ID Descrietion
Transaction Activity USO
09/18/25 09/18/25 Receive 91282CFJ5 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CFV8 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CGZ8 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CJA0 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CJJ1 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CJK8 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CJN2 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CKG5 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CKQ3 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CLF6 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CLN9 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CLW9 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CMA6 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CMC2 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CMD0 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CMM0 UNITED STATES TREASURY NOTE 09/18/25 09/18/25 Receive 91282CNC1 UNITED STATES TREASURY NOTE Income / Payment Activity USO
09/22/25 09/22/25 Interest 58404DTX9 MEDALLION BANK UTAH INTEREST 09/26/25 09/26/25 Interest 20033A4J2 COMENITY CAPITAL BANK INTEREST 09/29/25 09/29/25 Interest 062119CD2 BANK FIVE NINE INTEREST 09/29/25 09/29/25 Interest 32110YK46 FIRST NATL BK OF AMERICA 09/30/25 09/30/25 Interest 848608FB6 SPIRITBANK NA INTEREST BEARING 09/30/25 09/30/25 Interest 91282CJA0 UNITED STATES TREASURY NOTE 09/30/25 09/30/25 Interest 91282CKG5 UNITED STATES TREASURY NOTE 09/30/25 09/30/25 Interest 91282CLN9 UNITED STATES TREASURY NOTE Cash Activity USO
Transaction / Settlement /
Trade Date Et!. Date Activity_ Desc(i_etion
09/18/25 09/18/25 ACATS TRANSFER FROM U.S. BANK N.A
031443104389900101S117UN1114148B960000968974887 00102062310/02/25P Par/ Quantit~ Price
1,000,000.00
2,000,000.00
1,500,000.00
1,000,000.00
1,500,000.00
1,000,000.00
2,000,000 .00
1,500,000.00
1 ,000,000.00
2,000,000.00
1,000,000.00
4,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
3,000,000.00
500,000.00
23
Statement Ending: September 30, 2025
Principal Income Debit / Credit
Amount Amount Amount
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
913.01 913.01
944.86 944.86
955.48 955.48
913.01 913.01
811.64 811.64
23,125.00 23,125.00
30,937.50 30,937.50
17,500.00 17,500.00
Debit Amount / Credit Amount /
Disbursements Receiets
4,385,377.83
CITY OF LAGUNA NIGUEL
Account Number: -
Money Market Fund Activity
JPMorgan 100% UST C 3163
*As of September 30, 2025
USO
Transaction
Date Activi~
Beginning Balance
09/18/25 Purchase
09/22/25 Purchase
09/26/25 Purchase
09/29/25 Purchase
Ending Balance
Shares
4,385,377.83000
913.01000
944.86000
1 ,868.49000
Dividend paid
this period
0.00 Price
1.0000
24 7 day•
simple yield
4.010%
Market Value ($)
4,385,377.83
913.01
944.86
1,868.49
4,389,104.19
Statement Ending: September 30, 2025
30 day•
simple yield
4.060%
Dividend Amount Share Balance
0.00000
4,385,377 .83000
4,386,290.84000
4,387,235. 70000
4,389, 104.19000
4,389, 104.19000
CITY OF LAGUNA NIGUEL
PUBLIC AGENCY
RETIREMENT SERVICES
PARS Post-Employment Benefits Trust
Tamara Letourneau
City Manager
City of Laguna Niguel
301ll Crown Valley Parkway
Laguna Niguel. CA 92677
Account Summary
Source
PENSION
Totals
Investment Selection
Source
PENSION Moderate - Index
Investment Objective
Source
Balance as of
9/1/2025
$2,475.401 71
52.475.401 .71
Contributions
$0 00
S0.00
Earnings
$52,536 66
552,536 66
Expenses
$1,20217
S1,202 17
Account Report for the Period
9/1/2025 to 9/30/2025
Distributions Transfers
S000 S000
Balance as of
9/30/2025
$2,526 .736 20
$2,526,736 20
PENSION
The dual goals oF the Moderate Strategy are growth oF principal and income It is expected that dividend and interest income will comprise a significant portion oF total return. although growth through capital appreciation is equally important The portfolio Investment Return
Source 1-Month 3-Months
PENSION 212% 4 60%
will be allocated between equity and Fixed income investments 1-Year 3-Yeors
9 72% 1179%
AnnuahzecJ Retum
5-Years
5 51%
10-Years
Information as provided by US Bank. Trustee for PARS. Not FDIC Insured, No 13ank Guarantee May Lose Value Plan's Inception Date
5/26/2020
Past performance does not guarantee future results Performance returns may not reflect lhe deduction of applicable fees, which could reduce returns lnFormation is deemed reliable but may be subject to change Investment Return 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 return Account balances are •t~ of frust Administration I rustee and Investment MnnaoCKnc01 fees Headquarters - 4350 Von Karman Ave. Suite JOO. Newport Beach. CA 92660 800 540 6369 Fax 949 250 1250 www pars org 25