To:
FROM:
DATE:
SUBJECT:
CITY OF LAGUNA NIGUEL
CITY COUNCIL AGENDA ITEM
Honorable Mayor and Council Members
Tamara S. Letourneau, City Manager
December 2, 2025
Investment Report as of October 31 , 2025
RECOMMENDATION
Staff recommends that the City Council receive and file the City of Laguna Niguel Investment Report as of October 31 , 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
There were no additional Federal Open Market Committee meetings in the month of November. The next and last meeting of the year will conclude on December 10, 2025.
However, with recent comments made by some of the Committee members, along with additional data on the economy, the CME Fed Watch tool has switched from a 66% probability of a rate cut to just a 43% chance rates will be reduced at the December meeting. Rates are still projected to be 75 basis points lower at the end of 2026.
MEET1NG CATE
10 Dec 2025
CONTRACT
ZOZ5
MEETING INFORMATION
E:llPIRES
31 Dec 2025
Page2
PROBABIUTIE!i
M.10 PRICE PRIOR VOLUME PRIOR 01 EAS£ NO CHANGE HIKE
961875 3918 1 205231 -4 29% 57 1 % 00 %
Target Rate Probab,tmes for 10 Dec 2025 Fed Meeting
Current target rate 1s 375- 400
so,
60'1 57. 19'
42.9%
""'
"'"
o,
350-375 375- 400
Target Rate Im bps )
The City's portfolio continues to be in a strong position and is structured in a way to remain strong for years to come. The City currently has a $0.7 million unrealized gain on all investments held. This means that the City is holding investments that are earning stronger returns than what the market is currently offering. And, with rates projected to decrease even further, those investments will become even more valuable. The City strategically purchased longer-term, higher-yielding investments over the past few years to lock in the historically high rates. That strategy has proved to be very effective, with the current weighted average maturity of the entire portfolio at more than 4 years! As the lower earning investments have matured, the City's gains in yield have greatly outpaced the market. For example, over the past year, the LAIF yield has decreased each month by 37 basis points for the year, while the City's portfolio has increased by 84 basis points! Additionally , the City's Section 115 Trust balance is now approaching $2.6 million. Total returns now represent over 25% of the original investment. City staff elected to restructure the portfolio in January 2024, when the balance was $2.1 million. Since that time, the Section 115 Trust has earned $0.5 million at an annualized 11.7% yield.
The following table compares the portfolio balance for the prior two months:
Portfolio Balance September 2025 October 2026 Difference Balance $56,256,604 $52,154,384 ($4,102,220)
6.()() %
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
Page3
• Over the past month, the City's total cash and investments experienced a net decrease of $4,102,220. Historically, the month of October represents the lowest balance each year in the City's investment portfolio. This is because the City receives large allotments of property tax allocations in the months of November, December, and January each year. Property taxes represent more than 50% of total General Fund revenues, so the portfolio is depressed while waiting for those funds to come in.
• The percentage of pooled investments in the Local Agency Investment Fund (LAIF) increased to 0.21 %, due to the reduction in the size of the portfolio. • The average weighted maturity of City investments, including investment pools and money market funds, increased to 1,465 days, or just over 4 years. 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 4.212% to 4.150%. This represents the fourteenth consecutive month the LAIF yield has decreased. The net yield for the money market funds in the City's safekeeping account decreased to
3.940%. The Fed Funds rate and the LAIF/PMIA rate are nearly even, and on a downward trend, based on the most recent graphic provided by the State Controller.
Average Monthly Yield Comparison - 09/2020 through 09/2025 --PMIA
--S&P
- - - - Fed Funds
September Yields
0 0 - - - N
N N N N C") C") M C") .., .., .., .., .,, '° '° N N N N N N N N N N N N N N N N N N N N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
I:'.! N N
~ I:'.! ~ ~
N
~
N N
~ ~
N N
~ I:'.! N N N N
Ol
"'
C'S Cl co "'
;;a; <'I ;;a; Cl <'I ..; ~ o;
PMIA 4.212%
S&P GIP 4.280%
Fed Funds 4.211%
- - -
• The average weighted yield of City investments, including investment pools and money market funds, decreased from 3.744% to 3.702%. This decrease is mostly due to the $4.1 M reduction in the overall portfolio. The money market funds yield close to 4%, 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.
Page4
• 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
3.702% 3.710% 3.700% 3.790%
The monthly Investment Report as of October 31 , 2025, is attached .
ALTERNATIVES CONSIDERED
LAIF
4.150%
The City Council can choose not to receive and file the City of Laguna Niguel Investment Report as of October 31 , 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. ~t ~e~
City Manager
Attachment:
--f/"-- ~
Trevor Agrelius
Finance Director
A. Monthly Investment Report as of October 31 , 2025
ATTACHMENT A
Investment Report as of October 31, 2025
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
as of
October 31, 2025
Tamara S. Letourneau
CITY MANAGER
Trevor Agrelius
FINANCE DIRECTOR
December 2, 2025
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
TABLE OF CONTENTS
Statement of Compliance/Non-Compliance
Report of Cash and Investments
LAIF Investment Reports
Wells Fargo Statement
PARS Statement
1 2
3-5
6-10
11 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 October 31, 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.
~ u~/Ritt@A~
City Manager
/\~~
Trevor Agrelius
Finance Director
City of Laguna Niguel
Summary of Cash and Investments
10/31/25
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 $ 2,500.00 0.00% N/A $ 2,500.00 Checking & Investment Accounts 3.699% 558,951.33 1.07% N/A 558,951.33 Safekeeping Money Market 3.940% 2,892,285.53 5.55% 10.00% 2,892,285.53 Local Agency Investment Fund 4.150% 110,171.60 0.21% >$40 million or 55% 110,171.60 US Treasury Note: 49.68% N/A
91282CJK8 11/30/2023 11/15/2026 4.625% 4.310% 1,008,640.00 1,008,800.53 128,749.72 91282CJA0 11/10/2023 9/30/2028 4.625% 4.500% 1,005,380.00 1,028,242.19 221,376.41 91282CJN2 12/8/2023 11/30/2028 4.375% 4.020% 2,031,720.00 2,043,359.38 407,033.11 91282CKG5 4/12/2024 3/31/2029 4.250% 4.500% 1,475,175.00 1,523,144.54 329,913.80 91282CFJ5 10/24/2024 8/31/2029 3.125% 4.000% 961,730.00 980,703.12 186,760.06 91282CLN9 11/6/2024 9/30/2029 3.500% 4.310% 970,990.00 993,867.19 205,120.71 91282CMA6 12/20/2024 11/30/2029 4.125% 4.330% 990,940.00 1,017,187.50 212,304.96 91282CMD0 1/13/2025 12/31/2029 4.375% 4.470% 995,790.00 1,027,031.25 221,095.66 91282CGZ8 5/13/2025 4/30/2030 3.500% 4.000% 1,466,505.00 1,487,753.91 291,372.45 91282CMC2 4/24/2025 12/31/2031 4.500% 4.075% 1,024,620.00 1,036,289.06 279,346.50 91282CFV8 4/11/2025 11/15/2032 4.125% 4.126% 1,999,870.00 2,029,218.76 627,306.89 91282CJJ1 1/7/2025 11/15/2033 4.500% 4.530% 1,496,655.00 1,554,375.00 600,713.03 91282CKQ3 1/13/2025 5/15/2034 4.375% 4.660% 978,560.00 1,026,640.63 425,899.88 91282CLF6 10/9/2024 8/15/2034 3.875% 4.079% 1,955,400.00 1,977,343.76 786,025.96 91282CLW9 12/20/2024 11/30/2034 4.250% 4.349% 3,968,200.00 4,061,562.52 1,717,119.88 91282CMM0 3/25/2025 2/15/2035 4.625% 4.275% 3,083,550.00 3,130,078.14 1,305,216.03 91282CNC1 5/15/2025 5/15/2035 4.125% 4.375% 495,000.00 506,835.94 216,681.16 Certificates of Deposit: 7.67% 30%
15140RCY3 7/25/2023 7/26/2027 4.700% 4.700% 250,000.00 254,200.25 47,064.38 8562834(7 7/31/2023 8/2/2027 4.600% 4.600% 250,000.00 253,824.85 46,094.52 15118RM38 12/8/2023 12/8/2027 4.600% 4.600% 250,000.00 254,633.08 46,031.51 33610RVD2 12/12/2023 12/10/2027 4.550% 4.550% 250,000.00 254,374.15 45,468.84 05580AY24 7/18/2023 4/14/2028 4.400% 4.408% 249,875.00 254,091.58 52,266.02 2546733V6 7/18/2023 4/17/2028 4.400% 4.408% 249,875.00 254,188.50 52,356.55 20033A4J2 7/26/2023 7/26/2028 4.450% 4.450% 250,000.00 254,888.80 55,685.96 062119CD2 7/28/2023 7/28/2028 4.500% 4.500% 250,000.00 255,222.85 56,311.64 02589AF64 11/1/2023 11/1/2028 5.000% 5.000% 250,000.00 259,015.45 62,568.49 87165E3V7 11/3/2023 11/3/2028 5.000% 5.000% 250,000.00 259,028.83 62,568.49 795451DH3 12/13/2023 12/13/2028 4.400% 4.400% 250,000.00 254,965.88 55,060.27 58404DTX9 12/22/2023 12/22/2028 4.300% 4.300% 250,000.00 254,361.73 53,808.90 32110YK46 12/28/2023 12/28/2028 4.300% 4.300% 250,000.00 254,377.70 53,808.90 848608FB6 1/31/2024 1/31/2029 3.950% 3.950% 250,000.00 251,813.33 49,429.11 903572GQ2 2/14/2024 2/14/2029 3.950% 3.950% 250,000.00 251,791.10 49,429.11 89235MPR6 6/28/2024 6/28/2029 4.500% 4.500% 250,000.00 256,399.90 56,280.82 Federal Farm Credit Banks: 19.19% 25.00%
3133ENVD9 4/26/2022 4/26/2027 2.875% 2.900% 3,995,360.00 3,952,333.88 579,644.64 3133EPH81 12/8/2023 10/4/2027 4.500% 4.150% 2,024,580.00 2,031,561.02 321,347.99 3133EPW84 1/30/2024 1/18/2029 3.875% 3.930% 2,493,800.00 2,520,538.85 487,370.28 3133EP3B9 2/26/2024 2/13/2029 4.125% 4.200% 1,494,975.00 1,521,672.54 312,052.48 Federal Home Loan Banks: 16.63% 25.00%
3130AMFS6 8/12/2021 6/12/2026 0.750% 0.735% 2,001,415.36 1,964,129.84 71,133.87 3130A8XY4 10/18/2021 9/11/2026 1.875% 1.100% 4,665,690.00 4,428,542.52 251,551.00 3130AWC24 6/23/2023 6/9/2028 4.000% 3.930% 2,006,180.00 2,016,894.70 391,622.28
35.82% 60.00%
Total City Investments Including Investment Pools $ 52,154,383.82 100.00% $ 52,509,193.21 $ 11,420,992.27 Restricted for Specific Use
PARS 115 Pension Trust $ 2,000,000.00 3.69% 20.00% $ 2,554,224.99 Average weighted maturity of Investments, excluding Investment Pools: 1,572 days Average weighted maturity of Investments, including Investment Pools and Money Market: 1,465 days Average weighted yield of Investments, excluding Investment Pools: 3.686% Average weighted yield of Investments, including Investment Pools and Money Market: 3.702% * Market value of City investments is provided by Wells Fargo Bank 2 11/10/25, 3:35 PM
California State Treasurer
Fiona MaJ CPA
Loca l 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
October 2025 Statement
Effective
Date
10/1 5/2025
. Tran Transact10n T Confirm
Date ype Number
10/14/2025 QRD 1785465
Account Summary:
LAIF Regular Monthly Statement
Web
Confirm
Number
NIA
November I 0, 2025
LAIF Home
PMIA Average Monthly_
Yields
Tran T)'.pe Definitions
Authorized Caller
SYSTEM
Total Deposit:
Total Withdrawal:
I, 190.49 Beginning Balance:
0.00 Ending Balance :
3 https://laifms .treasurer.ca.gov/RegularStatement.aspx Amount
1,190.49
108,981.11
110,171.60
1/1
m
~"', \~VES141<"+.,.. State of California
~ • ' ?_
Pooled Money Investment Account <::t c:") .., c:")
... 0
C) C:
Market Valuation
c::> .,! .,. ....
,J> <:,
-+",....£)' , ~ .....
10/31/2025 >' 11au101-fl •
1, Carrying Cost Plus
Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury:
Bills $ 41,523,613,290.93 $ 41 ,904,093,150.00 NA
Notes $ 40,392,306,433.96 $ 40,609,619,500.00 $ 393,827,549.00 Federal Aoencv:
SBA $ 258,513,226.50 $ 255,437,749.35 $ 1,030,891 .23
MBS-REMICs $ 961 ,240.33 $ 969,445.48 $ 4,193.33
Debentures $ 4,971,428,119.07 $ 4,986,463,990.00 $ 38,822,875.40 Debentures FR $ - $ - $ -
Debentures CL $ 3,000,000,000.00 $ 3,011 ,739,350.00 $ 27,987,892.00 Discount Notes $ 31 ,616,451,513.99 $ 31,987,343,900.00 NA Supranational Debentures $ 3,884,532,539.29 $ 3,900,557,970.00 $ 31 ,581 ,393.30 Supranational Debentures FR $ - $ - $ -
CDs and YCDs FR $ - $ - $ -
Bank Notes $ 200,000,000.00 $ 199,962,141.27 $ 1,868,305.56 CDs and YCDs $ 15,000,000,000.00 $ 15,002,927,154.21 $ 161 ,152,277.77 Commercial Paper $ 8,842,127,972.16 $ 8,927,815,763.87 NA Corporate:
Bonds FR $ - $ - $ -
Bonds $ 911 ,651 ,238.87 $ 913,382,924.00 $ 6,994,976.97 Repurchase Agreements $ - $ - $ -
Reverse Repurchase $ - $ - $ -
Time Deposits $ 5,295,000,000.00 $ 5,295,000,000.00 NA
PMIA & GF Loans $ 262,742,740.00 $ 262,742,740.00 NA
TOTAL $ 156,159,328,315.1 0 $ 157,258,055,778.18 $ 663,270,354.56 Fair Value Including Accrued Interest $ 157,921,326,1 32.74 Repurchase Agreements , Time Deposits, PMIA & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). 4 PMIA/LAIF Performance Report
as of 11/05/25
Quarterly Performance
Quarter Ended 9/30/25
PMIA Average Monthly
Effective Yieldsl1l
LAIF Apportio nment Rate121:
LAIF Earnings Ratio121:
LAIF Adm inistrative Cost111·:
LAIF Fair Value Factor111:
PMIA Daily111:
PMIA Quarte r to Date111:
PMIA Average Life111:
4.34 0.000118933331638 14
0.26 1.001929581
4.19 4.24
254
October
Septembe r
August
July
June
May
Pooled Money Investment Account
Monthly Portfolio Composition 111
9/30/25
Time
Deposits
3.25%
$161.7 billion
Corporate
Bonds
0.58%
Certific ates of
Deposit/ Bank Notes
9.74%
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 rate includes interest earned on the Ca/PERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(l/ .
*The percentage of administrative cost equals the total administrative cost divided by the quarterly interes t earnings . The law provides that admi nistrative costs ore not to exceed 5% of quarterly EARNINGS of the fund . However, if the 13-week Daily Treasury Bill Rate on the last day of the fis cal year is below 1%, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year.
Source:
111 State of Californi a, Offic e of t he Treasurer
121 Stat e of Californi a, Office of the Controller
5 ■ 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
0322621043174 00081S117 UN#4153532-00009967 74888-0010 23317 11/04/25 P Wells Fargo Bank, N.A.
Account Statement
CITY OF LAGUNA NIGUEL
30111 CROWN VALLEY PARKWAY
Statement Period
10/01/2025 - 10/31/2025
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 $ 72,374.14 $ 27,088.70 0%
Money Market Mutual Funds 4,389,104.19 2,892,285.53 6%
Bonds 49,891,719.89 48,945,284.75 94%
Stocks o.oo o.oo 0%
Total Account Value $ 54,353,198.22 $ 51,864,658.98 100% Value Change Since Last Statement Period
Percent Decrease Since Last Statement Period
$ {2,488,539.24)
Value Last Vear-End
Percent Increase Since Last Vear-End
Income Summary uso
Interest
Dividends/Capital Gains
Money Market Mutual Funds Dividends
Other
Income Total
Interest Charged uso
Description
Debit Interest For October 2025
$
$
$
This Period
171,606.85 $
0.00 6,289.05
0.00 177,895.90 $
Total Interest Charged $
Money Market Mutual Funds Summary uso
Description
Opening Balance $
Deposits and Other Additions
Distributions and Other Subtractions
Dividends Reinvested
Change in Value
Closing Balance $
6 5%
N/A
N/A
Year-To-Date
247,707.35
0.00 6,289.05
0.00 253,996.40
This Period
0.00 0.00
Amount
4,389,104.19
2,416,892.29
(3,920,000.00)
6,289.05
0.00 2,892,285.53
CITY OF LAGUNA NIGUEL Statement Ending: October 31, 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
3130AMFS6 FEDERAL HOME LOAN BANK 06/12/26 0.750% 2,000,000.000 98.2065 1,964,129.84 N 3130A8XY4 FEDERAL HOME LOAN BANK 09/11/26 1.875% 4,500,000.000 98.4121 4,428,542.52 N 91282CJK8 UNITED STATES TREASURY NOTE 11/15/26 4.625% 1 ,000,000.000 100.8801 1,008,800.53 3133ENVD9 FEDERAL FARM CREDIT BANK 04/26/27 2.875% 4,000,000.000 98.8083 3,952,333.88 N 15140RCY3 CENTIER BANK INTEREST BEARING 07/26/27 4.700% 250,000.000 101.6801 254,200.25 N
CERTIFICATE OF DEPOSIT
8562834C7 STATE BANK INDIA INTEREST 08/02/27 4.600% 250,000.000 101.5299 253,824.85 N
BEARING CERTIFICATE OF DEPOSIT
3133EPH81 FEDERAL FARM CREDIT BANK 10/04/27 4.500% 2,000,000.000 101.5781 2,031,561.02 N 15118RM38 GEL TIC BANK INTEREST BEARING 12/08/27 4.600% 250,000.000 101.8532 254,633.08 N
CERTIFICATE OF DEPOSIT
33610RVD2 FIRST PREMIER BANK INTEREST 12/10/27 4.550% 250,000.000 101.7497 254,374.15 N
BEARING CERTIFICATE OF DEPOSIT
05580AY24 BMW BANK NORTH AMERICA 04/14/28 4.400% 250,000.000 101.6366 254,091.58 N
INTEREST BEARING CERTIFICATE
OF DEPOSIT
2546733V6 CAPITAL ONE NA INTEREST 04/17/28 4.400% 250,000.000 101.6754 254,188.50 N
BEARING CERTIFICATE OF DEPOSIT
3130AWC24 FEDERAL HOME LOAN BANK 06/09/28 4.000% 2,000,000.000 100.8447 2,016,894.70 N 20033A4J2 COMENITY CAPITAL BANK INTEREST 07/26/28 4.450% 250,000.000 101.9555 254,888.80 N
BEARING CERTIFICATE OF DEPOSIT
062119CD2 BANK FIVE NINE INTEREST 07/28/28 4.500% 250,000.000 102.0891 255,222.85 N
BEARING CERTIFICATE OF DEPOSIT
91282CJA0 UNITED STATES TREASURY NOTE 09/30/28 4.625% 1,000,000.000 102.8242 1,028,242.19 02589AF64 AMERICAN EXPR NATL BK INTEREST 11/01/28 5.000% 250,000.000 103.6062 259,015.45 N
BEARING CERTIFICATE OF DEPOSIT
87165E3V7 SYNCHRONY BANK INTEREST 11/03/28 5.000% 250,000.000 103.6115 259,028.83 N
BEARING CERTIFICATE OF DEPOSIT
91282CJN2 UNITED STATES TREASURY NOTE 11/30/28 4.375% 2,000,000.000 102.1680 2,043,359.38 795451DH3 SALLIE MAE BANK/SALT LKE 12/13/28 4.400% 250,000.000 101.9864 254,965.88 N
INTEREST BEARING CERTIFICATE
OF DEPOSIT
58404DTX9 MEDALLION BANK UTAH INTEREST 12/22/28 4.300% 250,000.000 101.7447 254,361.73 N
BEARING CERTIFICATE OF DEPOSIT
7 0322631043174 0008 1S117 UN#4153532-00009967 74888-0010 23317 11/04/25 P
CITY OF LAGUNA NIGUEL Statement Ending: October 31, 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% 250,000.000 101.7511 254,377.70 N
INTEREST BEARING CERTIFICATE
OF DEPOSIT
3133EPW84 FEDERAL FARM CREDIT BANK 01/18/29 3.875% 2,500,000.000 100.8216 2,520,538.85 N 848608FB6 SPIRITBANK NA INTEREST BEARING 01/31/29 3.950% 250,000.000 100.7253 251,813.33 N
CERTIFICATE OF DEPOSIT
3133EP3B9 FEDERAL FARM CREDIT BANK 02/13/29 4.125% 1 ,500,000.000 101.4448 1,521,672.54 N 903572GQ2 UINTA BANK INTEREST BEARING 02/14/29 3.950% 250,000.000 100.7164 251,791.10 N
CERTIFICATE OF DEPOSIT
91282CKG5 UNITED STATES TREASURY NOTE 03/31/29 4.125% 1 ,500,000.000 101.5430 1,523,144.54 89235MPR6 TOYOTA FINANCIAL SGS BK 06/28/29 4.500% 250,000.000 102.5600 256,399.90 N
INTEREST BEARING CERTIFICATE
OF DEPOSIT
91282CFJ5 UNITED STATES TREASURY NOTE 08/31/29 3.125% 1,000,000.000 98.0703 980,703.12 91282CLN9 UNITED STATES TREASURY NOTE 09/30/29 3.500% 1,000,000.000 99.3867 993,867.19 91282CMA6 UNITED STATES TREASURY NOTE 11/30/29 4.125% 1 ,000,000.000 101.7188 1 ,017, 187 .50 91282CMD0 UNITED STATES TREASURY NOTE 12/31/29 4.375% 1,000,000.000 102.7031 1,027,031.25 91282CGZ8 UNITED STATES TREASURY NOTE 04/30/30 3.500% 1,500,000.000 99.1836 1,487,753.91 91282CMC2 UNITED STATES TREASURY NOTE 12/31/31 4.500% 1,000,000.000 103.6289 1,036,289.06 91282CFV8 UNITED STATES TREASURY NOTE 11/15/32 4.125% 2,000,000.000 101.4609 2,029,218.76 91282CJJ1 UNITED STATES TREASURY NOTE 11/15/33 4.500% 1,500,000.000 103.6250 1,554,375.00 91282CKQ3 UNITED STATES TREASURY NOTE 05/15/34 4.375% 1 ,000,000.000 102.6641 1,026,640.63 91282CLF6 UNITED STATES TREASURY NOTE 08/15/34 3.875% 2,000,000.000 98.8672 1,977,343.76 91282CLW9 UNITED STATES TREASURY NOTE 11/15/34 4.250% 4,000,000.000 101.5391 4,061,562.52 91282CMM0 UNITED STATES TREASURY NOTE 02/15/35 4.625% 3,000,000.000 104.3359 3,130,078.14 91282CNC1 UNITED STATES TREASURY NOTE 05/15/35 4.250% 500,000.000 101.3672 506,835.94 48,500,000.000 48,945,284.75 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. 8 CITY OF LAGUNA NIGUEL
Account Number: -
Daily Account Activity
Your investment transactions during this statement period.
Settlement/
Transaction / Effective
Trade Date Date Activity
Income/ Payment Activity
10/06/25 10/06/25 Interest
10/08/25 10/08/25 Interest
10/14/25 10/14/25 Interest
10/14/25 10/14/25 Interest
10/20/25 10/20/25 Interest
10/20/25 10/20/25 Matured
10/20/25 10/20/25 Matured
10/20/25 10/20/25 Interest
10/22/25 10/22/25 Interest
10/27/25 10/27/25 Interest
10/27/25 10/27/25 Interest
10/28/25 10/28/25 Interest
10/28/25 10/28/25 Interest
10/31/25 10/31/25 Interest
10/31/25 10/31/25 Interest
Cash Activity USO
Transaction / Settlement /
Trade Date Eff. Date Activil_l
USO
10/07/25 10/07/25 ACH/DDA Transaction
10/20/25
10/21/25
10/24/25
10/20/25 ACH/DDA Transaction
10/21/25 ACH/DDA Transaction
10/24/25 ACH/DDA Transaction
Money Market Fund Activity
JPMorgan 100% UST C 3163
*As of October 31, 2025
USO
Transaction
Date Activitl
Beginning Balance
10/01/25 Purchase
10/01/25 Reinvest
10/07/25 Purchase
10/07/25 Redemption
032264104317400081S117 UN#4153532-00009967 74888-0010 23317 11/04/25 P Security ID Description
3133EPH81 FEDERAL FARM CREDIT BANK
15118RM38 CELTIC BANK INTEREST BEARING
05580AY24 BMW BANK NORTH AMERICA
903572GQ2 UINTA BANK INTEREST BEARING
2546733V6 CAPITAL ONE NA INTEREST
3133EPYW9 FEDERAL FARM CREDIT BANK
3133EPYW9 FEDERAL FARM CREDIT BANK
3133EPYW9 FEDERAL FARM CREDIT BANK
58404DTX9 MEDALLION BANK UTAH INTEREST
3133ENVD9 FEDERAL FARM CREDIT BANK
20033A4J2 COMENITY CAPITAL BANK INTEREST
062119CD2 BANK FIVE NINE INTEREST
32110YK46 FIRST NATL BK OF AMERICA
848608FB6 SPIRITBANK NA INTEREST BEARING
91282CGZ8 UNITED STATES TREASURY NOTE
Descrie_tion
DESIGNATED DDA
DESIGNATED DDA
DESIGNATED DDA
DESIGNATED DDA
Dividend paid
this period
6,289.05
Shares Price
1.0000
72,37 4.14000
6,289.05000
45,000.00000
(3,200,000.00000)
9 Par/ Quantity Price
(1,000,000.00)
7day•
simple yield
3.900%
Market Value ($)
4,389,104.19
72,374.14
45,000.00
(3,200,000.00)
Statement Ending:
October 31, 2025
Principal
Amount
1,000,000.00
30 day•
simple yield
3.940%
Dividend Amount
6,289.05
Income Debit/ Credit
Amount Amount
45,000.00 45,000.00
945.21 945.21
5,515.07 5,515.07
811.64 811.64
5,515.07 5,515.07
1,000,000.00
25,625.00 25,625.00
883.56 883.56
57,500.00 57,500.00
914.38 914.38
924.66 924.66
883.56 883.56
838.70 838.70
26,250.00 26,250.00
Debit Amount/ Credit Amount/
Disbursements Receiets
3,200,000.00
635,000.00
85,000.00
1,200,000.00
Share Balance
4,389, 104.19000
4,461,478.33000
4,467,767.38000
4,512,767.38000
1,312,767.38000
CITY OF LAGUNA NIGUEL
Account Number:
Money Market Fund Activity (Continued)
Transaction
Date Activitl Shares
10/09/25 Purchase 945.21000
10/14/25 Purchase 6,326.71000
10/20/25 Redemption {635,000.00000)
10/21/25 Purchase 1,031, 140.07000
10/21/25 Redemption (85,000.00000)
10/23/25 Purchase 883.56000
10/24/25 Purchase 1,200,000.00000
10/27/25 Purchase 58,414.38000
10/28/25 Purchase 1 ,808.22000
Ending Balance
/
Price
1.0000
Market Value ($)
945.21
6,326.71
(635,000.00)
1,031,140.07
(85,000.00)
883.56
1,200,000.00
58,414.38
1,808.22
2,892,285.53
10 Statement Ending:
Dividend Amount
October 31, 2025
Share Balance
1,313,712.59000
1,320,039.30000
685,039.30000
1,716, 179.37000
1,631, 179.37000
1,632,062.93000
2,832,062.93000
2,890,477.31000
2,892,285.53000
2,892,285.53000
CITY OF LAGUNA NIGUEL
PUBLIC AGENCY
RETIREMENT SERVICES
PARS Post-Employment Benefits Trust
Tamara Letourneau
City Manager
City of Laguna Niguel
30111 Crown Valley Parkway
Laguna Niguel, CA 92677
Account Summary
Source
PENSION
Totals
Investment Selection
Source
PENSION Moderate - Index
Investment Objective
Source
Balance as of
10/1/2025
$2,526,736.20
$2,526,736.20
Contributions
$000
$0.00
Earnings
$28,720 00
$28,720.00
Expenses
$1,231 21
$1,231.21
Account Report for the Period
10/1/2025 to 10/31/2025
Distributions Transfers
$0 00 $0 00
$0.00 $0.00
Balance as of
10/31/2025
$2,554,224 99
$2,554,224.99
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 114% 5 35%
will be allocated between equity and fixed income investments. 1-Year 3-Years
12 93% 11.75%
Annualized Return
5-Years
590%
10-Years
Information as provided by US Bank, Trustee for PARS; Not FDIC Insured: No Bank Guarantee: May Lose Value Plan's Inception Date
5/26/2020
Past 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 change.
Investment Return: Annualized rate of return is the return an an investment over a period other than one year multiplied or divided to give a comparable one-year return.
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 11