CITY OF LAGUNA NIGUEL
CITY COUNCIL AGENDA ITEM
To:
FROM:
DATE:
SUBJECT:
Honorable Mayor and Council Members
Tamara S. Letourneau, City Manager
May 5, 2026
Investment Report as of March 31, 2026
RECOMMENDATION
Staff recommends that the City Council receive and file the City of Laguna Niguel Investment Report as of March 31, 2026.
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 Federal Open Market Committee (FOMC) concluded their most recent meeting on April 29, 2026, and elected to leave the federal funds rate unchanged at a target of 3.50-
3. 75%. The next meeting will be held on June 17, 2026. Both the five-year and ten-year treasury rates rose on the announcement. The five-year treasury rate now stands at
4.03%, near year-to-date highs in 2026 (Figure 1 ). The Treasury rates experienced a large increase in March and have largely maintained those levels in April. That period has been highlighted in the red box on Figure 1 for convenience.
After the conclusion of the meeting, the CME Fed Watch Tool is predicting a nearly 90% chance that the Fed Funds rate is at or above current levels (Figure 2).
It is also worth noting that the term for the current FOMC Chair, Jerome Powell, ends on May 15, 2026, and the April meeting was likely the last meeting he would participate in that capacity. Chair Powell did indicate he intends to stay on the Committee as a voting member when his term as Chair expires. Kevin Warsh has been nominated to succeed Jermoe Powell as the next Chair to the Committee.
Figure 1
FRED r;:.,d - Market Yield on U.S. Treasury Securities at s-voar Constant Maturity, Quoted on an Investment Basis
4.2 4.1
4.0 3.9
C
<lJ
:::'.
l 3.a
3.7 3.6
3.5 2025-05 2025-09
Source: Board of Governors of the Federal Reserve System (US) via FRED® Figure 2
CME Tool Projections
17Jun26 29Jul26 16Sep26 230 ct26 9Dec26 27Jan27 17Ma127 28Ap127 9Jun17 2SJul27 15Sep27 270 ct?7 8Dec27
MEETING INFORMATION
MEETING DATE
9Dec2026
2025-06
CONTRACT
ZOZ6
2025-07 2025-08
31 Dec2026 963775
2025-10 2025-11 2025-12
PRIOR VOLUME PRIOR 01
8.699 101.512
2026-01 2026-02 2026-03 2026-04
PROBADIUTIES
10 4 % 838 % 58 %
Target Rate Probabilities for 9 Dec 2026 Fed Meeting
Current target rate is .350-375
100~ I
83.8%
Q
so"'
60"
20~
10.0%
- 5.8%
0.4%
300- 32 5 325-350 350-37S
'rarqer Rate (in bps)
City staff actively monitor the interest rate environment and utilize the City's investment policy and long-term predictions to provide the strongest return possible while maintaining safety and liquidity in the portfolio. In March, the City moved $4.1 million from money market funds to the state Local Agency Investment Fund (LAIF) to take advantage of the additional yield offered with LAIF. Both the money market funds and LAIF are considered short-term investments, and the City utilizes them in nearly the same way. However, the yield with LAIF at the end of April was 3.826%, while the money market yield was 3.560%.
That change will generate nearly $1,000 per month in additional interest income.
Page3
As of the end of March, the City's average weighted yield of the portfolio exceeded each of the benchmark indexes the City has historically used (US Treasury Rates of 6-months, 1-year and 5-years and LAIF).
Benchmark Comparison:
City Portfolio 5-Year 1-Year 6-Month LAIF
Treasury Treasury Treasury
4.040% 3.920% 3.680% 3.720% 3.826%
The City's portfolio continues to be in a strong position. City staff is actively evaluating potential investment options now that treasury rates have started to increase.
The City's section 115 Trust balance was $2.55 million at the end of March 2026.
The following table compares the portfolio balance for the prior two months:
Portfolio Balance Last Month Current Month Difference
Balance $57,413,239 $57,169,087 ($244,152)
• Over the past month, total cash and investments declined by $244,152, which was anticipated by City staff. The County does has not historically allocated large portions of property taxes in March. Because property taxes account for over 50% of General Fund revenues annually, months without significant tax distributions typically result in temporary decreases in the City's total cash and investment balances.
• Although LAIF yields continue to be on a downward trend, the LAIF yield is higher than money market options available to the City. To capture additional yield without sacrificing safety or liquidity, City staff transferred an additional $4.1 million into LAIF during the month of March. As a result, the percentage of pooled investments in LAIF increased to 7.37%, representing the highest portion of the portfolio since April 2023.
• The average weighted maturity of City investments, including investment pools and money market funds, decreased to 1,449 days. The average weighted maturity for the portfolio, excluding money market funds, is 1,705 days.
Average weighted maturity is calculated by multiplying the days remaining to maturity of each investment by its cost and dividing by the total portfolio cost. • The net LAIF yield declined from 3.871 % to 3.826%, marking the nineteenth consecutive monthly decline. The net yield of money market funds in the City's safekeeping account increased from 3.550% to 3.560%. The LAIF/PMIA rate now slightly exceeds the federal funds rate, with both displaying a downward trend based on the most recent State Controller data (Figure 3)
Figure 3
Average Monthly Yield Comparison - 03/2021 through 03/20.26
6.00% ..--- - - - - - - - - - ----~-'::'":.-':"::.-~--=-.,,,.-~-;~- - - - - ------
5.00% t=======::2:~:==::::;;~~~~~~;;::1 4.00% ~-
3.00% +- - - - - - - -r-- - ~ - - - - - - - - - - - -;
2.00% +- - - - - - ---#---.-:._- - - - - - - - - - - - - ~ 10 0% +- - - - - -,,,.(ll=-- - - - - - - - - - - - - - - --1
0.00% .jlii!iljial . .. .. ~ --,. ---, .--- ..- ...--~ --,.---.- --.- ......... --. - .....-....-....--""T"""~ - PMlA
- - S&P
- - - • Fed Funds
March Ylelds
PMIII\ 3.826%
S&P GIP 3.840%
Fed Funds 3.640%
• The City's average weighted yield, including investment pools and money market funds, increased from 4.016% to 4.040%, driven primarily by the reallocation of funds from money market accounts into LAIF, which currently offers a higher return. The City's weighted-average yield is calculated by dividing total portfolio investment earnings by the total portfolio cost, inclusive of investment pools and money market funds.
The monthly Investment Report as of March 31, 2026, is attached.
ALTERNATIVES CONSIDERED
The City Council can choose not to receive and file the City of Laguna Niguel Investment Report as of March 31, 2026.
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. ~ UV:.~ City Manager
~
\..,/\_/'
Trevor Agrelius
Finance Director
Attachment:
A. Monthly Investment Report as of March 31, 2026
ATTACHMENT A
Investment Report as of March 31, 2026
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
as of
March 31, 2026
Tamara S. Letourneau
CITY MANAGER
Trevor Agrelius
FINANCE DIRECTOR
May 5, 2026
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
TABLE OF CONTENTS
Statement of Compliance/N on-Compliance 1
Report of Cash and Investments 2
LAIF Investment Reports 3-5
Wells Fargo Statement 6-11
PARS Statement 12
City of Laguna Niguel
Statement of Compliance/Non-Compliance with the City's Investment Policy The undersigned officers of the City of Laguna Niguel hereby certify that:
As of March 31, 2026, 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.
~ ¥~ Tamara S. Letourneau
City Manager
1~ 1~ Trevor Agrelius
Finance Director
City of Laguna Niguel
Summary of Cash and Investments
3/31/26
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 3.496% 2,303,865.46 4.03¾ N/A 2,303,865.46 Safekeeping Money Market 3.560¾ 2,069,462.67 3.62% 10.00% 2,069,462.67 local Agency Investment Fund 3.826% 4,211,336.51 7.37% >$40 million or 55¾ 4,211,336.51 us Treasury Note: 52.47% N/A
912820 K8 11/30/2023 11/15/2026 4.625% 4.310% 1,008,640.00 1,005,101.56 128,749.72 91282OA0 11/10/2023 9/30/2028 4.625% 4.500% 1,005,380.00 1,019,257.81 221,376.41 91282ON2 12/8/2023 11/30/2028 4.375% 4.020% 2,031,720.00 2,027,421.88 407,033.11 91282CKG5 4/12/2024 3/31/2029 4.250% 4.500% 1,475,175.00 1,512,363.29 329,913.80 91282CFJ5 10/24/2024 8/31/2029 3.125% 4.000% 961,730.00 976,484.38 186,760.06 91282CLN9 11/6/2024 9/30/2029 3.500% 4.310% 970,990.00 988,046.88 205,120.71 91282CMA6 12/20/2024 11/30/2029 4.125% 4.330% 990,940.00 1,008,398.44 212,304.96 91282CMDO 1/13/2025 12/31/2029 4.375% 4.470% 995,790.00 1,017,070.31 221,095.66 91282CGZ8 5/13/2025 4/30/2030 3.500% 4.000% 1,466,505.00 1,477,207.04 291,372.45 91282CHW4 11/21/2025 8/31/2030 4.125% 3.619¾ 4,087,812.50 4,031,093.76 706,859.61 91282CMC2 4/24/2025 12/31/2031 4.500% 4.075% 1,024,620.00 1,024,101.56 279,346.50 91282CFV8 4/11/2025 11/15/2032 4.125% 4.126% 1,999,870.00 2,001,250.00 627,306.89 91282OJl 1/7/2025 11/15/2033 4.500¾ 4.530¾ 1,496,655.00 1,531,757.82 600,713.03 91282CKQ3 1/13/2025 5/15/2034 4.375% 4.660% 978,560.00 1,010,625.00 425,899.88 91282CLF6 10/9/2024 8/15/2034 3.875% 4.079% 1,955,400.00 1,949,375.00 786,025.96 91282CLW9 12/20/2024 11/30/2034 4.250% 4.349% 3,968,200.00 3,999,375.00 1,717,119.88 91282CMMO 3/25/2025 2/15/2035 4.625% 4.275% 3,083,550.00 3,078,281.25 1,305,216.03 91282CNC1 5/15/2025 5/15/2035 4.125% 4.375% 495,000.00 498,710.94 216,681.16 Certificates of Deposit: 7.00¾ 30%
15140RCY3 7/25/2023 7/26/2027 4.700¾ 4.700% 250,000.00 252,591.90 47,064.38 8562834C7 7/31/2023 8/2/2027 4.600¾ 4.600% 250,000.00 252,304.90 46,094.52 15118RM38 12/8/2023 12/8/2027 4.600% 4.600% 250,000.00 252,859.93 46,031.51 336!0RVD2 12/12/2023 12/10/2027 4.550% 4.550¾ 250,000.00 252,691.83 45,468.84 05580AY24 7/18/2023 4/14/2028 4.400% 4.408% 249,875.00 252,372.15 52,266.02 2546733V6 7/18/2023 4/17/2028 4.400¾ 4.408¾ 249,875.00 252,463.10 52,356.55 20033A4J2 7/26/2023 7/26/2028 4.450% 4.450% 250,000.00 252,957.70 55,685.96 062119CD2 7/28/2023 7/28/2028 4.500% 4.500% 250,000.00 253,240.55 56,311.64 02589AF64 11/1/2023 11/1/2028 5.000¾ 5.000% 250,000.00 256,519.43 62,568.49 87165E3V7 11/3/2023 11/3/2028 5.000% 5.000% 250,000.00 256,530.90 62,568.49 795451DH3 12/13/2023 12/13/2028 4.400% 4.400% 250,000.00 252,928.20 55,060.27 58404DD<9 12/22/2023 12/22/2028 4.300% 4.300% 250,000.00 252,366.00 53,808.90 32110YK46 12/28/2023 12/28/2028 4.300% 4.300% 250,000.00 252,375.25 53,808.90 848608F86 1/31/2024 1/31/2029 3.950% 3.950% 250,000.00 250,108.43 49,429.11 903572GQ2 2/14/2024 2/14/2029 3.950% 3.950% 250,000.00 250,070.48 49,429.11 89235MPR6 6/28/2024 6/28/2029 4.500% 4.500% 250,000.00 254,052.93 56,280.82 Federal Farm Credit Banks: 10.52% 25.00%
3133EPH81 12/8/2023 10/4/2027 4.500% 4.150% 2,024,580.00 2,021,065.08 321,347.99 3133EPW84 1/30/2024 1/18/2029 3.875% 3.930% 2,493,800.00 2,501,374.98 487,370.28 3133EP3B9 2/26/2024 2/13/2029 4.125% 4.200% 1,494,975.00 1,511,119.77 312,052.48 Federal National Mortgage Association: 7.94% 25.00%
31359MGK3 11/21/2025 11/15/2030 6.625% 3.649¾ 4,537,880.00 4,446,217.76 825,667.89 Federal Home loan Banks: 7.06% 25.00%
3130AWC24 6/23/2023 6/9/2028 4.000% 3.930% 2,006,180.00 2,006,960.98 391,622.28 3130A0FR6 11/21/2025 12/8/2028 4.000% 3.507% 2,028,220.00 2,009,531.86 216,896.79
25.51% 60.00%
Total City Investments Including Investment Pools 57,169,087.14 100.00% 57,285,790.67 12,268,087.06 Restricted for Specific Use
PARS 115 Pension Trust 2,000,000.00 3.38% 20.00% 2,549,762.06 Average weighted maturity of Investments, excluding Investment Pools: 1,705 days Average weighted maturity of Investments, including Investment Pools and Money Market: 1,449 days Average weighted yield of Investments, excluding Investment Pools: 4.104% Average weighted yield of Investments, including Investment Pools and Money Market: 4.040% • Market value of City investments is provided by Wells Fargo Bank 2 4/27/26, 1 :23 PM LAIF Regular Monthly Statement
Local Agency Investment
Fund
P.O. Box 942809 April 27, 2026 Sacramento, CA 94209-000 I (916) 653-300 I LAIF Home
PMIA Average MonthlY. Yields
CITY OF LAGUNA NIGUEL
TREASURER
30111 CROWN VALLEY PARKWAY
LAGUNA NIGUEL, CA 92677
Tran TY.Re Definitions
Account Number: 98-30-408
March 2026 Statement
Effective Transaction i ran Confirm
Date Date ype Number
3/11/2026 3/10/2026 RD 1795419
3/12/2026 3/11/2026 RD 1795465
Account Summary:
Total Deposit:
Total Withdrawal:
Web
Confirm
Number Authorized Caller
1756076 TREVOR AGRELIUS
1756131 TREVOR AGRELIUS
4,100,000.00 Beginning Balance:
0.00 Ending Balance:
Amount
100,000.00
4,000,000.00
111,336.51
4,211,336.51
3 https: //la ifms. Ire asurer. ca.gov/Regula rStatement. as px 1 /1
PMIA/ LAIF Performance Report
as of 04/ 22/ 26
Quarterly Performance
Quarter Ended 03/ 31/ 26
PMIA Average Monthly
Effective Yieldslll
LAIF Apportionment Rate12l:
LAIF Earnings Ratio12l:
LAIF Administrative CostI1i•:
LAIF Fair Value FactorI1l:
PMIA DailyI1l:
PMIA Quarter to DateI1l:
PMIA Average LifeI1l:
3.98 0.00010906180047888
0.24 0.999980831
3.82 3.92
261
March 3.826
February 3.871
January 3.931
December 4.025
November 4.096
October 4.150
Pooled Money Investment Account
Monthly Portfolio Composition 111
03/ 31/ 26
$165.3 billion
Commercial
Paper
6.52%
Corporate
Bonds
0.59%
Certificates of
Deposit/Bank Notes
10.77%
Agencies
21.79%
Treasuries
56.86%
Chart does not include $829,000.00 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 ta Government Code 20825 (c}{l}.
'The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administrative costs are 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 fiscal 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 California, Office of the Treasurer
c,, State of California, Office of the Controller •
~'I. \~VES14,,<: State of California ~~~ ~ ' ' ~ Pooled Money Investment Account s ~ g ..., - 0 g~~ ~ Market Valuation Q- ...,
u' ~
"'-"£,- .. ~ ...
3/31/2026 >--£1oum1,~ ·
Carrying Cost Plus
Description Accrued Interest Purch. Amortized Cost Fair Value Accrued Interest United States Treasury:
Bills $ 44,722,522,982.34 $ 45,041,222,236.88 $ 45,033,151,400.00 NA Notes $ 49,292,258,674.55 $ 49,271,989,419.91 $ 49,320,696,150.00 $ 406,254,298.00 Federal Agency:
SBA $ 284,735,106.47 $ 284,670,977.29 $ 282,270,088.95 $ 954,910.41 MBS-REMICs $ 828,976.21 $ 828,976.21 $ 834,536.98 $ 3,616.34 Debentures $ 4,170,836,653.34 $ 4,170,836,653.34 $ 4,169,747,640.00 $ 33,432,528.40 Debentures FR $ - $ - $ - $ -
Debentures CL $ 2,450,000,000.00 $ 2,450,000,000.00 $ 2,447,226,000.00 $ 31,675,185.50 Discount Notes $ 18,589,440,826.53 $ 18,748,772,124.99 $ 18,737,614,500.00 NA Supranational:
Debentures $ 4,234,413,202.81 $ 4,234,289,244.48 $ 4,225,099,790.00 $ 34,129,170.50 Debentures FR $ - $ - $ - $ -
Debentures CL $ 300,000,000.00 $ 300,000,000.00 $ 300,916,000.00 $ 2,155,555.00 Discount Notes $ 5,996,263,597.22 $ 6,051,445,319.44 $ 6,048,424,000.00 NA CDs and YCDs FR $ - $ - $ - $ -
Bank Notes $ 400,000,000.00 $ 400,000,000.00 $ 399,517,809.83 $ 3,603,472.22 CDs and YCDs $ 17,400,000,000.00 $ 17,400,000,000.00 $ 17,390,638,342.15 $ 180,555,958.37 Commercial Paper $ 10,784,921,083.25 $ 10,855,911,297.17 $ 10,853,096,291.64 NA Corporate:
Bonds FR $ - $ - $ - $ -
Bonds $ 973,660,364.24 $ 973,256,676.74 $ 970,809,904.00 $ 9,472,413.81 Repurchase Agreements $ - $ - $ - $ -
Reverse Repurchase $ - $ - $ - $ -
Time Deposits $ 5,472,000,000.00 $ 5,472,000,000.00 $ 5,472,000,000.00 NA PMIA & GF Loans $ 266,015,740.00 $ 266,015,740.00 $ 266,015,740.00 NA TOTAL $ 165,337,897,206.96 $ 165,921,238,666.45 $ 165,918,058,193.55 $ 702,237,108.55 Fair Value Including Accrued Interest
Repurchase Agreements, Time Deposits, PMIA & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). $ 166,620,295,302.10
The value of each participating dollar equals the fair value divided by the amortized cost (0.999980831) As an example: if an agency has an account balance of $20,000,000.M , then the agency would report its participation in the LAIF valued at $19,999,616.63 or $20,000,000.00 x0.999980831
Wells Fargo Bank, N.A. Account Statement for March 2026 March 01, 2026-March 31, 2026
CITY OF LAGUNA NIGUEL Account 1 BO83672
Account Summary uso
Multi-currency Account Net Equity
Currency Net Cash Balance Long Market Value Short Market Value CCV Net Equity CCV Rate USO Net Equity
USO US Dollar 0.00 50,768,088.70 0.00 50,768,088.70
1.00000000 50,768,088.70
Total 50,768,088.70
Portfolio Value
Classification Previous Period This Period
Fixed Income Long 49,511,927.39 48,698,626.03
Money Market Mutual Funds 5,275,232.77 2,069,462.67
Total 54,787,160.16 50,768,088.70
Income Summary
Classification Previous Period This Period Year-To-Date Interest 149,371.74 178,157.69 387,431.99
Money Market Mutual Fund Dividends 26,235.34 16,072.21 51,385.12 Total 175,607.08 194,229.90 438,817.11
Cash Activity Summary
Classification Previous Period This Period
Funds Received 0.00 1,000,000.00
Funds Issued (2,500,000.00) (4,400,000.00)
Total (2,500,000.00) (3,400,000.00)
Money Market Mutual Funds Summary
Classification This Period
Opening Balance 5,275,232.77
Deposits and Other Additions 1,178,157.69
Distributions and Other Subtractions (4,400,000.00)
Dividends Reinvested 16,072.21
Change in Value 0.00
Closing Balance 2,069,462.67
PAGE 3 OF 8
6 Wells Fargo Bank, N.A. Account Statement for March 2026 March 01, 2026-March 31, 2026
CITY OF LAGUNA NIGUEL Account 1 B083672
Holdings uso
Money Market Mutual Funds
Security ID Description Account Type Beginning Share Balance End Share Balance
Beginning Market Val
End Market Value
CJTXX JPMorgan 100% UST C 3163 CASH 5,275,232.77000
2,069,462.67000
Total
5,275,232.77
2,069,462.67
5,275,232.77
2,069,462.67
Fixed Income - Long Positions
Security ID Description
91282CJK8 UNITED STATES TREASURY NOTE
15140RCY3 CENTIER BANK INTEREST BEARING
8562834C7 STATE BANK INDIA INTEREST
3133EPH81 FEDERAL FARM CREDIT BANK
15118RM38 CELTIC BANK INTEREST BEARING
33610RVD2 FIRST PREMIER BANK INTEREST
05580AY24 BMW BANK NORTH AMERICA
2546733V6 CAPITAL ONE NA INTEREST
3130AWC24 FEDERAL HOME LOAN BANK
20033A4J2 COMENITY CAPITAL BANK INTEREST
062119CD2 BANK FIVE NINE INTEREST
91282CJA0 UNITED STATES TREASURY NOTE
02589AF64 AMERICAN EXPR NATL BK INTEREST
87165E3V7 SYNCHRONY BANK INTEREST
91282CJN2 UNITED STATES TREASURY NOTE
PAGE 4 OF 8
Account Type Maturity Date Quantity Market Price Quantity Pledged Coupon Rate Current Face Market Value CASH 11/15/2026 1.000.000.00 100.5102 0.00
4.625000000000 1,005,101.56
CASH 07/26/2027 250,000.00 101.0368 0.00
4. 700000000000 252,591.90
CASH 08/02/2027 250,000.00 100.9220 0.00
4.600000000000 252,304.90
CASH 10/04/2027 2,000,000.00 101.0533 0.00
4.500000000000 2,021,065.08
CASH 12/08/2027 250,000.00 101.1440 0.00
4.600000000000 252,859.93
CASH 12/10/2027 250,000.00 101.0767 0.00
4.550000000000 252,691.83
CASH 04/14/2028 250,000.00 100.9489 0.00
4.400000000000 252,372.15
CASH 04/17/2028 250,000.00 100.9852 0.00
4.400000000000 252,463.10
CASH 06/09/2028 2,000,000.00 100.3480 0.00
4.000000000000 2,006,960.98
CASH 07/26/2028 250,000.00 101.1831 0.00
4.450000000000 252,957.70
CASH 07/28/2028 250,000.00 101.2962 0.00
4.500000000000 253,240.55
CASH 09/30/2028 1,000,000.00 101.9258 0.00
4.625000000000 1,019,257.81
CASH 11/01/2028 250,000.00 102.6078 000
5.000000000000 256,519.43
CASH 11/03/2028 250,000.00 102.6124 0.00
5.000000000000 256,530.90
CASH 11/30/2028 2,000,000.00 101.3711 0.00
4.375000000000 2,027,421.88
Holdings continued on next page ➔
7 Wells Fargo Bank, N.A. Account Statement for March 2026 March 01, 2026-March 31, 2026
CITY OF LAGUNA NIGUEL Account 18 D83672
Holdings USD Continued
Fixed Income - Long Positions Continued
Security ID Description Account Type
3130A0FR6 FEDERAL HOME LOAN BANK CASH
795451DH3 SALLIE MAE BANK/SALT LKE CASH
58404DTX9 MEDALLION BANK UTAH INTEREST CASH
32110YK46 FIRST NATL BK OF AMERICA CASH
3133EPW84 FEDERAL FARM CREDIT BANK CASH
848608FB6 SPIRITBANK NA INTEREST BEARING CASH
3133EP3B9 FEDERAL FARM CREDIT BANK CASH
903572GQ2 UINTA BANK INTEREST BEARING CASH
91282CKG5 UNITED STATES TREASURY NOTE CASH
89235MPR6 TOYOTA FINANCIAL SGS BK CASH
91282CFJ5 UNITED STATES TREASURY NOTE CASH
91282CLN9 UNITED STATES TREASURY NOTE CASH
91282CMA6 UNITED STATES TREASURY NOTE CASH
91282CMD0 UNITED STATES TREASURY NOTE CASH
91282CGZ8 UNITED STATES TREASURY NOTE CASH
91282CHW4 UNITED STATES TREASURY NOTE CASH
31359MGK3 FANNIE MAE CASH
91282CMC2 UNITED STATES TREASURY NOTE CASH
91282CFV8 UNITED STATES TREASURY NOTE CASH
PAGE 5 OF 8
Maturity Date Quantity Market Price Quantity Pledged Coupon Rate Current Face Market Value 12/08/2028 2,000,000.00 100.4766 0.00
4.000000000000 2,009,531.86
12/13/2028 250,000.00 101.1713 0.00
4.400000000000 252,928.20
12/22/2028 250,000.00 100.9464 0.00
4.300000000000 252,366.00
12/28/2028 250,000.00 100.9501 0.00
4.300000000000 252,375.25
01/18/2029 2,500,000.00 100.0550 0.00
3.875000000000 2,501,374.98
01/31/2029 250,000.00 100.0434 0.00
3.950000000000 250,108.43
02/13/2029 1,500,000.00 100.7413 0.00
4.125000000000 1,511,119.77
02/14/2029 250,000.00 100.0282 0.00
3.950000000000 250,070.48
03/31/2029 1,500,000.00 100.8242 0.00
4.125000000000 1,512,363.29
06/28/2029 250,000.00 101.6212 0.00
4.500000000000 254,052.93
08/31/2029 1,000,000.00 97.6484 0.00
3.125000000000 976,484.38
09/30/2029 1,000,000 00 98.8047 0.00
3.500000000000 988,046.88
11/30/2029 1,000,000.00 100.8398 0.00
4.125000000000 1,008,398.44
12/31/2029 1,000,000.00 101.7070 0.00
4.375000000000 1,017,070.31
04/30/2030 1,500,000.00 98.4805 0.00
3.500000000000 1,477,207.04
08/31/2030 4,000,000.00 100.7773 0.00
4.125000000000 4,031,093.76
11/15/2030 4,000,000.00 111.1554 0.00
6.625000000000 4,446,217.76
12/31/2031 1,000,000.00 102.4102 0.00
4.500000000000 1,024,101.56
11/15/2032 2,000,000.00 100.0625 0.00
4.125000000000 2,001,250.00
Holdings continued on next page ➔
8 Wells Fargo Bank, N.A. Account Statement for March 2026 March 01, 2026-March 31, 2026
CITY OF LAGUNA NIGUEL Account 1 BO83672
Holdings USD Continued
Fixed Income - Long Positions Continued
Security ID Description Account Type Maturity Date Quantity Market Price Quantity Pledged Coupon Rate Current Face Market Value 91282CJJ1 UNITED STATES TREASURY NOTE CASH 11/15/2033 1,500,000.00 102.1172 0.00
4.500000000000 1,531,757.82
91282CKQ3 UNITED STATES TREASURY NOTE CASH 05/15/2034 1,000,000.00 101.0625 0.00
4.375000000000 1,010,625.00
91282CLF6 UNITED STATES TREASURY NOTE CASH 08/15/2034 2,000,000.00 97.4688 0.00
3.875000000000 1,949,375.00
91282CLW9 UNITED STATES TREASURY NOTE CASH 11/15/2034 4,000,000.00 99.9844 0.00
4.250000000000 3,999,375.00
91282CMM0 UNITED STATES TREASURY NOTE CASH 02/15/2035 3,000,000.00 102.6094 0.00
4.625000000000 3,078,281.25
91282CNC1 UNITED STATES TREASURY NOTE CASH 05/15/2035 500,000.00 99.7422 0.00
4.250000000000 498,710.94
Total 48,000,000.00 48,698,626.03 0.00
tt Limited security description available, please contact Customer Service at [email protected] or 1-800-645-3751, option 5 for any questions. ttt There is not an active market for this investment; a market price, and therefore a market value, is not available (N/A).
Transactions uso
Interest
Transaction Transaction Date
03/02/2026 Interest
03/02/2026 Interest
03/02/2026 Interest
03/02/2026 Interest
03/02/2026 Interest
03/09/2026 Interest
03/16/2026 Interest
03/23/2026 Interest
03/26/2026 Interest
Description Security ID Quantity Credit Debit
UNITED STATES TREASURY NOTE 91282CHW4 0.00 82,500.00
UNITED STATES TREASURY NOTE 91282CFJ5 0.00 15,625.00
FIRST NATL BK OF AMERICA 32110YK46 000 913.01
BANK FIVE NINE INTEREST 062119CD2 0.00 955.48
SPIRITBANK NA INTEREST BEARING 848608FB6 0.00 757.53
CELTIC BANK INTEREST BEARING 15118RM38 0.00 882.19
UINTA BANK INTEREST BEARING 903572GQ2 0.00 757.53
MEDALLION BANK UTAH INTEREST 58404DTX9 0.00 824.66
COMENITY CAPITAL BANK INTEREST 20033A4J2 0.00 853.42
Transactions continued on next page ➔
PAGE 6 OF 8 9
Wells Fargo Bank, N.A. Account Statement for March 2026 March 01, 2026-March 31, 2026
CITY OF LAGUNA NIGUEL Account 18 D83672
Transactions USD Continued
Interest Continued
Transaction Transaction Date
03/30/2026 Interest
03/30/2026 Interest
03/31/2026 Interest
03/31/2026 Interest
03/31/2026 Interest
03/31/2026 Interest
Total
Description Security ID Debit
BANK FIVE NINE INTEREST 062119CD2
FIRST NATL BK OF AMERICA 32110YK46
UNITED STATES TREASURY NOTE 91282CJA0
UNITED STATES TREASURY NOTE 91282CLN9
UNITED STATES TREASURY NOTE 91282CKG5
SPIRITBANK NA INTEREST BEARING 848608FB6
Quantity Credit
0.00 863.01
0.00 824.66
0.00 23,125.00
0.00 17,500.00
0.00 30,937.50
0.00 838.70
178,157.69 0.00
Funds Paid and Received
Transaction
Date Transaction Description Credit Debit
03/10/2026 DESIGNATED DOA DESIGNATED DOA (3,300,000.00) 03/12/2026 DESIGNATED DOA DESIGNATED DOA (1,100,000.00) 03/13/2026 DESIGNATED DOA DESIGNATED DOA 1,000,000.00
Total 1,000,000.00 (4,400,000.00)
Money Market Mutual Fund Activity
Fund Ticker
JPMorgan 100% UST C 3163 CJTXX
Transaction Activity Shares Date
Beginning
Balance
03/02/2026 Purchase 100,751.02000
03/02/2026 Reinvest Dividend 16,072.21000
03/02/2026 Dividend
03/09/2026 Purchase 882.19000
03/10/2026 Redemption (3,300,000.00000)
03/12/2026 Redemption (1, 100,000.00000)
03/13/2026 Purchase 1,000,000.00000
03/16/2026 Purchase 757.53000
03/23/2026 Purchase 824.66000
03/27/2026 Purchase 853.42000
7 day simple
yield
3.56 Dividend Amount
16,072.21
Beginning Price Ending Price
1.0000 1.0000
Market Value Share Balance
5,275,232.77 5,275,232. 77000
100,751.02 5,375,983.79000
16,072.21 5,392,056.00000
5,392,056.00000
882.19 5,392,938.19000
(3,300,000.00) 2,092,938.19000
(1,100,000.00) 992,938.19000
1,000,000.00 1,992,938.19000
757.53 1,993,695.72000
824.66 1,994,520.38000
853.42 1,995,373.80000
Transactions continued on next page ➔
PAGE 7 OF 8 10
Wells Fargo Bank, N.A. Account Statement for March 2026 March 01, 2026-March 31, 2026
CITY OF LAGUNA NIGUEL Account 1 BO83672
Transactions USD Continued
Money Market Mutual Fund Activity Continued
Transaction
Date Activity
03/30/2026 Purchase
03/31/2026 Purchase
03/31/2026 Purchase
Ending
Balance
Shares Dividend Amount Market Value Share Balance
1,687.67000 1,687.67 1,997,061.47000
71,562.50000 71,562.50 2,068,623.97000
838.70000 838.70 2,069,462.67000
16,072.21 2,069,462.67 2,069,462.67000
tt Limited security description available, please contact Customer Service at [email protected] or 1-800-645-3751, option 5 for any questions. ttt There is not an active market for this investment; a market price, and therefore a market value, is not available (N/A).
PAGE 8 OF 8
11 P A ~ S . PUBLIC AGENCY
RETIREMENT SERVICES
CITY OF LAGUNA NIGUEL
PARS Post-Employment Benefits Trust
Tamara Letourneau
City Manager
City of Laguna Niguel
30111 Crown Valley Parkway
Laguna Niguel, CA 92677
Account Report for the Period
3/1/2026 to 3/31/2026
Account Summary
Source
Balance as of
3/1/2026 Contributions Earnings Expenses Distributions Transfers Balance as of
3/31/2026
PENSION $2,652,795.42 $0.00 -$101,736.08 $1,297 28 $0.00 $0.00 $2,549,762.06 Totals $2,652,795.42 S0.00 -S101, 736.08 Sl,297 28 S0.00 S0.00 $2,549,762.06 Investment Selection
Source
PENSION Moderate - Index
Investment Objective
Source
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 will be allocated between equity and fixed income investments.
Investment Return
Source I-Month 3-Months 1-Ycar 3-Years
Annualized Return
5-Years JO-Years Plan's Inception Date
PENSION -3.84% -0.67% 1213% 9.57% 4.46% 5/26/2020
Information as provided by US Bank, I rustoc for PARS; Not FDIC Insured: No Bank Guarantee: May Lose Value Past performance docs not guarantee fulure results. Performance returns may not reflect the dcduc1ion 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 on an investment over a period other than one year mulliplied or divided to give a comparable one-year return.
Account balances arc inclusive of Trust Administration. trustee and Investment Management fees Heacquaners . 4350 Von Karman Ave. Suite 10 0. Newport Beach. CA 92660 800.540.6369 Fax 9492 50.1250 www.pars.org 12