To:
FROM:
DATE:
SUBJECT:
CITY OF LAGUNA NIGUEL
CITY COUNCIL AGENDA ITEM
Honorable Mayor and Council Members
Tamara S. Letourneau, City Manager
June 2, 2026
Investment Report as of April 30, 2026
RECOMMENDATION
Staff recommends that the City Council receive and file the City of Laguna Niguel Investment Report as of April 30, 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
There have been no additional Federal Open Market Committee (FOMC) meetings since the last investment report, however, economic news has had a large impact on projected FOMC interest rate decisions and interest rates. The CME Fed Watch tool is now predicting a 0% chance rates are lower than the current target of 3.50-3. 75% by the end of the calendar year (Figure 1 ). This represents a dramatic shift since March 2026, when the tool was predicting a 0% chance the Fed Funds rate would be higher than current levels. The five-year treasury rate now stands at 4.27%, near year-to-date highs in 2026 (Figure 2). In March 2026, the five-year treasury rate was 3.51 %, a 22% increase over that time period.
Figure 1
CME Tool Projections
I i Jun26 29 Jut% 16 Sep26 28 Oct16 9 Dec26 2i Jan:!7 1"! Marr 28,l,prT 9 Jun17 28 Jul27
MEETING OATE
9 Dec 2026
CONTRACT
2026
MEETI NG INFORMATIO N
EXPIRES
11 Dec2026
Target Rate Probab1lit1es for 9 Dec 2026 Fed Meeting
100\,
49 .596
38. 7"
20'<
350-375 375-400
Figure 2
Five-Year Treasury Rates
MIO PRICE
96 2275
PRIOR VOLUME
Cur rent ta rget rate 1s 350 - 3 75
10.6%
-
400-425
T,uget Rate (in bps )
10 718
FRE.D r/:' - Market Yield on U.S. Treasury Securit ies at S•Year Constant Maturity , Quoted on an Investment Sasis d.d
4 3
42 d.1
I ~ c 40
~ QJ 3.9
\J
a..
3.8 3.7
3.6 3.5
202:,-06 2025-07 2025-08
PRIOR OI
131328
l. 29fi
◄ 2S- 4 50
EASE
., ..
PROBABILmEs
NO CHANGE
495 ""
0. 1'6
450-475
The City's portfolio continues to be in a strong position. Upward pressure on interest rates will increase the yield offered by LAIF, as the state will be able to purchase securities at a higher yield. Additionally , higher rates will allow the City to continue to evaluate the portfolio and capture higher yields for longer time periods.
HIKE
505'
Page3
As of the end of April, 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
4.031% 4.020% 3.720% 3.710% 3.811%
The City's section 115 Trust balance was $2.67 million at the end of April 2026.
The following table compares the portfolio balance for the prior two months:
Portfolio Balance Last Month Current Month Difference
Balance $57,169,087 $61,074,378 $3,905,291
• Over the past month, total cash and investments increased by $3,905,291, which was anticipated by City staff. The County historically allocates large portions of property taxes in the month of April. Because property taxes account for over 50% of General Fund revenues annually, months that include significant tax distributions typically result in overall increases 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 another $5.5 million of property tax proceeds into LAIF during the month of April. As a result, the percentage of pooled investments in LAIF increased to 15.92%. • The average weighted maturity of City investments, including investment pools and money market funds, decreased to 1,332 days. The average weighted maturity for the portfolio, excluding money market funds, is 1,675 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 3.826% to 3.811 %, marking the twenteeth consecutive monthly decline. The net yield of money market funds in the City's safekeeping account decreased from 3.560% to 3.540%. 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 - 04/2021 through 04/2026 6 00%
5.00% --PMIA
400% --S&.P
300% -- - •Fed Funds
2 00%
1.00%
0.00% .,....
N
~
~ § ~ ~
C") C") C") C") 'or 'or ~ 'or U') .n
~
N N N N N N N N N N
~ ~
0 ¢
~ ~ ~ @ § ~ ~ ~ ~ ~ ~ £:! ~ ~ 'or ,.._ 2; .,.... ,.._ c; .,.... 'or ,.._ 2; ~ ;::: 2; ....
April Yields
PMIA 3.61 1¾
S&P GIP 3.820%
Fed Funds 3.640%
.,....
• The City's average weighted yield, including investment pools and money market funds, decreased from 4.040% to 4.031 %, mostly due to a higher portion of the portfolio invested in LAIF, which is earning less than the City's average yield. 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 April 30, 2026, is attached .
ALTERNATIVES CONSIDERED
The City Council can choose not to receive and file the City of Laguna Niguel Investment Report as of April 30, 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.
Tamara S. Letourneau
City Manager
Attachment:
Trevor Agrelius
Finance Director
A. Monthly Investment Report as of April 30, 2026
ATTACHMENT A
Investment Report as of April 30, 2026
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
as of
April 30, 2026
Tamara S. Letourneau
CITY MANAGER
Trevor Agrelius
FINANCE DIRECTOR
June 2, 2026
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
TABLE OF CONTENTS
Statement of Compliance/N" on-Compliance
Report of Cash and Investments
LAIF Investment Reports
Wells Fargo Statement
PARS Statement
I
2 3-5
6-11
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 April 30, 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
Trevor Agrelius
Finance Director
City of Laguna Niguel
Summary of cash and Investments
4/30/26
Settlement Maturity Coupon Purchased Percent of Max Allowed Per Market Anticipated total Description Date Date Rate Yield Cost Portfolio Investment Polley Value Interest earned Petty Cash/Change Drawers $ 2,500.00 0,00% N/A $ 2,500.00 Checking & Investment Accounts 3.490% 1,701,628.14 2.79% N/A 1,701,628.14 Safekeeping Money Market 3.540% 1,066,945.47 1.75% 10.00% 1,066,945.47 local Agency Investment Fund 3.811% 9,721,381.54 15.92% >$40 million or 55% 9,721,381.54 US Treasury Note: 49.11% N/A
912820KB 11/30/2023 11/15/2026 4.625% 4.310% 1,008,640.00 1,004,713.54 128,749.72 91282□A0 11/10/2023 9/30/2028 4.625% 4.500% 1,005,380.00 1,016,757.81 221,376.41 91282 □ N2 12/8/2023 11/30/2028 4.375% 4.020% 2,031,720.00 2,022,656.24 407,033.11 91282CKG5 4/12/2024 3/31/2029 4.250% 4.500% 1,475,175.00 1,510,429.69 329,913.80 91282CFJ5 10/24/2024 8/31/2029 3.125% 4.000% 961,730.00 974,648.44 186,760.06 91282CLN9 11/6/2024 9/30/2029 3.500% 4.310% 970,990.00 985,898.44 205,120.71 91282CMA6 12/20/2024 11/30/2029 4.125% 4.330% 990,940.00 1,005,703.12 212,304.96 91282CMD0 1/13/2025 12/31/2029 4.375% 4.470% 995,790,00 1,014,179.69 221,095,66 91282CGZB 5/13/2025 4/30/2030 3,500% 4.000% 1,466,505.00 1,473,515.63 291,372.45 91282CHW4 11/21/2025 8/31/2030 4.125% 3.619% 4,087,812.50 4,019,062.48 706,859.61 91282CMC2 4/24/2025 12/31/2031 4.500% 4.075% 1,024,620.00 1,020,117.19 279,346.50 91282CFV8 4/11/2025 11/15/2032 4.125% 4.126% 1,999,870.00 1,993,828.12 627,306.89 91282 □Jl 1/7/2025 11/15/2033 4.500% 4.530% 1,496,655.00 1,524,609.38 600,713.03 91282CKQ3 1/13/2025 5/15/2034 4.375% 4.660% 978,560.00 1,006,367.19 425,899.88 91282CLF6 10/9/2024 8/15/2034 3.875% 4.079% 1,955,400.00 1,941,093.76 786,025.96 91282CLW9 12/20/2024 11/30/2034 4.250% 4.349% 3,968,200.00 3,980,468.76 1,717,119.88 91282CMM0 3/25/2025 2/15/2035 4.625% 4.275% 3,083,550.00 3,063,750.00 1,305,216.03 91282CNC1 5/15/2025 5/15/2035 4.125% 4.375% 495,000.00 496,289.07 216,681.16 Certificates of Deposit: 6.55% 30%
15140RCY3 7/25/2023 7/26/2027 4.700% 4.700% 250,000,00 252,349.90 47,064.38 8562834C7 7/31/2023 8/2/2027 4.600% 4.600% 250,000.00 252,078.95 46,094.52 15118RM38 12/8/2023 12/8/2027 4.600% 4.600% 250,000.00 252,600.18 46,031.51 33610RVD2 12/12/2023 12/10/2027 4.550% 4.550% 250,000.00 252,413.90 45,468.84 05580AY24 7/18/2023 4/14/2028 4.400% 4.408% 249,875.00 252,020.30 52,266.02 2546733V6 7/18/2023 4/17/2028 4.400% 4.408% 249,875.00 252,112.90 52,356.55 20033A4J2 7/26/2023 7/26/2028 4.450% 4.450% 250,000,00 252,674.05 55,685.96 062119CD2 7/28/2023 7/28/2028 4.500% 4.500% 250,000.00 252,948.53 56,311.64 02589AF64 11/1/2023 11/1/2028 5.000% 5.000% 250,000.00 256,162.40 62,568.49 87165E3V7 11/3/2023 11/3/2028 5.000% 5.000% 250,000.00 256,174.83 62,568.49 795451DH3 12/13/2023 12/13/2028 4.400% 4.400% 250,000.00 252,705.38 55,060.27 58404DTX9 12/22/2023 12/22/2028 4.300% 4.300% 250,000.00 252,193.43 53,808.90 32110YK46 12/28/2023 12/28/2028 4.300% 4.300% 250,000.00 252,206.75 53,808.90 848608FB6 1/31/2024 1/31/2029 3.950% 3.950% 250,000.00 250,000.00 49,429.11 903572GQ2 2/14/2024 2/14/2029 3.950% 3.950% 250,000.00 249,999.68 49,429.11 89235MPR6 6/28/2024 6/28/2029 4.500% 4.500% 250,000.00 253,855.10 56,280.82 Federal Farm Credit Sanks: 9.85% 25.00%
3133EPH81 12/8/2023 10/4/2027 4.500% 4.150% 2,024,580.00 2,018,241.76 321,347.99 3133EPW84 1/30/2024 1/18/2029 3.875% 3.930% 2,493,800.00 2,495,818.68 487,370.28 3133EP389 2/26/2024 2/13/2029 4.125% 4.200% 1,494,975.00 1,507,630.26 312,052.48 Federal National Mortgage Association: 7.43% 25.00%
31359MGK3 11/21/2025 11/15/2030 6.625% 3.649% 4,537,880.00 4,426,251.96 825,667.89 Federal Home Loan Banks: 6.61% 25.00%
3130AWC24 6/23/2023 6/9/2028 4.000% 3.930% 2,006,180.00 2,003,270.44 391,622.28 3130A0FR6 11/21/2025 12/8/2028 4.000% 3.507% 2,028,220.00 2,005,028.78 216,896.79
23.88% 60,00%
Total City Investments lndudlng Investment Pools $ 61,074,377.65 100.00% $ 61,045,281.86 $ 12,268,087.06 Restricted for Specific Use
PARS 115 Pension Trust $ 2,000,000.00 3.17% 20.00% $ 2,668,261.00 Average weighted maturity of Investments, excluding Investment Pools: 1,675 days Average weighted maturity of Investments, Including Investment Pools and Money Market: 1,332 days Average weighted yield of Investments, excluding Investment Pools: 4.104% Average weighted yield of Investments, including Investment Pools and Money Market: 4.031% • Market value of City investments Is provided by Wells Fargo Bank 2 5/11/26 , 11 :55 AM
Local Agency Investment
Fund
LAIF Regular Monthly Statement
P.O. Box 942809 May 11 , 2026 Sacramento, CA 94209-000 I (916) 653-300 I LA IF Home
PM IA Average Mo nth ly Yields
CITY OF LAGUNA NIGUEL
TREASURER
30111 CROWN VALLEY PARKWAY
LAGUNA NIGUEL , CA 92677
Account Number: 98-30-408
April 2026 Statement
Effective
Date
4/15/2026
. Tran Transaction T Confirm
Date ype Number
4/ 14/2026 QRD 1798565
RD 1799255
Web
Confirm
Number
NIA
1759944
Tran TY.P.e Definitions
Authorized Caller
SYSTEM
TREVOR AGRELIUS 4/24/2026 4/23/2026
Account Summa[Y.
Total Deposit: 5,510,045.03 Beginning Balance:
Total Withdrawal: 0.00 Ending Balance:
3 https://laifms .treasurer.ca.gov/RegularStatement.aspx Amount
10,045.03
5,500,000.00
4,211,336.51
9,721 ,381.54
1/1
PMIA/LAIF Performance Report
as of 05/06/26
Quarterly Performance
Quarter Ended 03/31/26
PMIA Average Monthly
Effective Yieldsl1l
LAIF Appo rt ionment Rate12l:
LAIF Earnings Ratio12l:
LAIF Adm inistrat ive Cost11l*:
LAIF Fair Value Factor11l:
PMIA Daily11l:
PMIA Quarter to Date11l:
PMIA Average Life11l:
3.98 0.00010906180047888
0.24 0.99998083 1
3.82 3.92
261
April
Marc h
February
January
Decembe r
Novemb er
Pooled Money Investment Account
Monthly Portfolio Composition 111
03/31/26
Certificates of
Deposit/ Bank Notes
10.77%
$165.3 billion
Corporate
Bonds
0.59%
3.811
3.826
3.871
3.931
4.025
4.096
Treasuries
56.86%
Agencies
21.79%
Chart does not include $829,000.00 in mortgages, which equates to 0.001%. Percentages may not total 1000/4 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)/1).
'The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administra tive costs are not ta exceed 5% of quarterly EARNINGS of the fund . However, if the 13-week Daily Treasury Bill Rate on the last day af the fisc al year is below 1%, then admin istrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year.
Source:
111 State of Califo rnia, Office of the Treasurer
121 State of Califo rnia, Office of the Contro ller
~"\ \~VES1"4r. State of California
~
.c-+,..
~ • -?
Pooled Money Investment Account <:) C"> .., C">
..... - 0
g ~~ Market Valuation .... .....,
.r c:,
'f,,.<?- ... ~ ...
4/30/2026
l'.1,auio1~~ •
Carrying Cost Plus
Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury :
Bills $ 51,407,569,603.13 $ 51 ,752,178,750.00 NA
Notes $ 54,710,857,046.97 $ 54,674,454,800.00 $ 518,830,690.00 Federal Aqencv:
SBA $ 280,468 ,604.80 $ 278,439 ,340.46 $ 940,231 .29
MBS-REMICs $ 802,783.25 $ 807,703.51 $ 3,502.08
Debentures $ 3,821 ,156,431.06 $ 3,814,727,340.00 $ 26,769,036.60 Debentures FR $ - $ - $ -
Debentures CL $ 2,600,000,000.00 $ 2,596,319,200.00 $ 23,608,204.50 Discount Notes $ 22,235,454,541.81 $ 22,402,312,100.00 NA Supranational:
Debentures $ 4,186,747,796.43 $ 4,173,731 ,640.00 $ 35,082,439.80 Debentures FR $ - $ - $ -
Debentures CL $ 500,000,000.00 $ 500,575,900.00 $ 1,180,556.00 Discount Notes $ 5,706,931 ,375.01 $ 5,748,474,200.00 NA CDs and YCDs FR $ - $ - $ -
Bank Notes $ 500,000,000.00 $ 499,456 ,500.83 $ 5,036,472.22 CDs and YCDs $ 18,200,000,000.00 $ 18,1 93,235,234.66 $ 168,365,986.17 Commercial Paper $ 12,556,285,472.25 $ 12,633,889,138.93 NA Corporate :
Bonds FR $ - $ - $ -
Bonds $ 1,022,843,183.61 $ 1,019,740,322.00 $ 7,354,956.37 Repurchase Agreements $ - $ - $ -
Reverse Repurchase $ - $ - $ -
Time Deposits $ 5,462,000,000.00 $ 5,462,000,000.00 NA
PMIA & GF Loans $ 228,365,740.00 $ 228,365,740.00 NA
TOTAL $ 183,419,482 ,578.32 $ 183,978,707,910.39 $ 787,172,075.03 Fair Value Including Accrued Interest $ 184,765,879,985.42 Repurchase Agreements , Time Deposits, PMIA & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). 5 Account Summary uso
Multi-currency Account Net Equity
Wells Fargo Bank, N.A. Account Statement for April 2026 April 01, 2026-April 30, 2026
CITY OF LAGUNA NIGUEL Account 18D83672
Currency Net Cash Balance Long Market Value Short Market Value USD US Dollar
trqtal •
Portfolio Value
Classification
Fixed Income Long
Money Market Mutual Funds
ifotal
Income Summary
Classification
Interest
Money Market Mutual Fund Dividends
jTotal
Cash Activity Summary
Classification
Funds Received
Funds Issued
;rotal
Money Market Mutual Funds Summary
Classification
Opening Balance
Deposits and Other Additions
Distributions and other Subtractions
Dividends Reinvested
Change in Value
,Closln9. Balance
PAGE 30F 8
0.00 49,619,772.18 0.00
Previous Period
178,157.69
16,072.21
194,229,90
6 CCV Net Equity
CCYRate
49,619,772.18
1.00000000
Previous Period
48,698,626.03
2,069,462.67
5Q, 768,088, 70
This Period
88,573.27
8,909.53
97,482.80
Previous Period
1,000,000.00
(4,400,000.00)
(3,400;000.00) •
USD Net Equity
49,619,772.18
49,619,77,2, 18
This Period
48,552,826.71
1,066,945.47
49,619,772, 11!
Year-To-Date
476,005.26
60,294.65
536,299.91
This Period
500,000.00
(1,600,000.00)
(1, 100',000,00)'
This Period
2,069,462.67
588,573.27
(1,600,000.00)
8,909.53
0.00 . 1,066,945.4'7t
Wells Fargo Bank, N.A. Account Statement for April 2026 April 01, 2026-April 30, 2026
Holdings uso
Money Market Mutual Funds
Security ID
CJTXX
!"otal
' le
Description
JPMorgan 100% UST C 3163
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
PAGE40F 8
CITY OF LAGUNA NIGUEL Account 18D83672
Account Type
CASH
Account Type
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
CASH
Beginning Share Balance
End Share Balance
7 2,069,462.67000
1,066,945.47000
Maturity Date
Coupon Rate
11/15/2026
4.625000000000
07/26/2027
4. 700000000000
08/02/2027
4.600000000000
10/04/2027
4.500000000000
12/08/2027
4.600000000000
12/10/2027
4.550000000000
04/14/2028
4.400000000000
04/17/2028
4.400000000000
06/09/2028
4.000000000000
07/26/2028
4.450000000000
07/28/2028
4.500000000000
09/30/2028
4.625000000000
11/01/2028
5.000000000000
11/03/2028
5.000000000000
11/30/2028
4.375000000000
Beginning Price
End Price
1.0000
1.0000
Quantity
Current Face
1,000,000.00
250,000.00
250,000.00
2,000,000.00
250,000.00
250,000.00
250,000.00
250,000.00
2,000,000.00
250,000.00
250,000.00
1,000,000.00
250,000.00
250,000.00
2,000,000.00
Beginning Market Val
End Market Value
2,069,462.67
1,066,945.47
2,069,462.67
1,066,945.47
Market Price
Market Value
100.4714
1,004,713.54
100.9400
252,349.90
100.8316
252,078.95
100.9121
2,018,241.76
101.0401
252,600.18
100.9656
252,413.90
100.8081
252,020.30
100.8452
252,112.90
100.1635
2,003,270.44
101.0696
252,674.05
101.1794
252,948.53
101.6758
1,016,757.81
102.4650
256,162.40
102.4699
256,174.83
101.1328
2,022,656.24
i
l
Quantity Pledged
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 Holdings continued on next page ➔
Wells Fargo Bank, N.A. Account Statement for April 2026 April 01, 2026-April 30, 2026
CITY OF LAGUNA NIGUEL Account 1 B083672
Holdings USD Continued
Fixed Income - Long Positions Continued
Security ID Description Account Type Maturitll Date Quantity Coupon Rate Current Face
3130A0FR6 FEDERAL HOME LOAN BANK CASH 12/08/2028 2,000,000.00
4.000000000000
795451DH3 SALLIE MAE BANK/SALT LKE CASH 12/13/2028 250,000.00
4.400000000000
58404DTX9 MEDALLION BANK UTAH INTEREST CASH 12/22/2028 250,000.00
4.300000000000
32110YK46 FIRST NATL BK OF AMERICA CASH 12/28/2028 250,000.00
4.300000000000
3133EPW84 FEDERAL FARM CREDIT BANK CASH 01/18/2029 2,500,000.00
3.875000000000
848608FB6 SPIRITBANK NA INTEREST BEARING CASH 01/31/2029 250,000.00
3.950000000000
3133EP3B9 FEDERAL FARM CREDIT BANK CASH 02/13/2029 1,500,000.00
4.125000000000
903572GQ2 UINTA BANK INTEREST BEARING CASH 02/14/2029 250,000.00
3.950000000000
91282CKG5 UNITED STATES TREASURY NOTE CASH 03/31/2029 1,500,000.00
4.125000000000
89235MPR6 TOYOTA FINANCIAL SGS BK CASH 06/28/2029 250,000.00
4.500000000000
91282CFJ5 UNITED STATES TREASURY NOTE CASH 08/31/2029 1,000,000.00
3.125000000000
91282CLN9 UNITED STATES TREASURY NOTE CASH 09/30/2029 1,000,000.00
3.500000000000
91282CMA6 UNITED STATES TREASU~Y NOTE CASH 11/30/2029 1,000,000.00
4.125000000000
91282CMD0 UNITED STATES TREASURY NOTE CASH 12/31/2029 1,000,000.00
4.375000000000
91282CGZ8 UNITED STATES TREASURY NOTE CASH 04/30/2030 1,500,000.00
3.500000000000
91282CHW4 UNITED STATES TREASURY NOTE CASH 08/31/2030 4,000,000.00
4.125000000000
31359MGK3 FANNIE MAE CASH 11/15/2030 4,000,000.00
6.625000000000
91282CMC2 UNITED STATES TREASURY NOTE CASH 12/31/2031 1,000,000.00
4.500000000000
91282CFV8 UNITED STATES TREASURY NOTE CASH 11/15/2032 2,000,000.00
4.125000000000
PAGE 50F 8 8
Market Price Quantity Pledged Market Value
100.2514 0.00
2,005,028.78
101.0821 0.00
252,705.38
100.8774 0.00
252,193.43
100.8827 0.00
252,206.75
99.8327 0.00
2,495,818.68
100.0000 0.00
250,000.00
100.5087 0.00
1,507,630.26
99.9999 0.00
249,999.68
100.6953 0.00
1,510,429.69
101.5420 0.00
253,855.10
97.4648 0.00
974,648.44
98.5898 0.00
985,898.44
100.5703 0.00
1,005,703.12
101.4180 0.00
1,014,179.69
98.2344 0.00
1,473,515.63
100.4766 0.00
4,019,062.48
110.6563 0.00
4,426,251.96
102.0117 0.00
1,020,117.19
99.6914 0.00
1,993,828.12
Holdings continued on next page ➔
Wells Fargo Bank, N.A. Account Statement for April 2026 April 01, 2026-April 30, 2026
CITY OF LAGUNA NIGUEL Account 18D83672
Holdings USD Continued
Fixed Income - Long Positions Continued
Security ID Description Account Type Maturity Date Quantity Coupon Rate Current Face
91282CJJ1 UNITED STATES TREASURY NOTE CASH 11/15/2033 1,500,000.00
4.500000000000
91282CKQ3 UNITED STATES TREASURY NOTE CASH 05/15/2034 1,000,000.00
4.375000000000
91282CLF6 UNITED STATES TREASURY NOTE CASH 08/15/2034 2,000,000.00
3.875000000000
91282CLW9 UNITED STATES TREASURY NOTE CASH 11/15/2034 4,000,000.00
4.250000000000
91282CMM0 UNITED STATES TREASURY NOTE CASH 02/15/2035 3,000,000.00
4.625000000000
91282CNC1 UNITED STATES TREASURY NOTE CASH 05/15/2035 500,000.00
4.250000000000
il"otal • 4~,!)00,000.00
tt Limited security description available, please contact Customer Service at WFSCustomerService@weUsfargo,com 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
04/06/2026 Interest
04/08/2026 Interest
04/14/2026 Interest
04/14/2026 Interest
04/20/2026 Interest
04/22/2026 Interest
04/27/2026 Interest
04/28/2026 Interest
04/29/2026 Interest
Description
FEDERAL FARM CREDIT BANK
GEL TIC BANK INTEREST BEARING
BMW BANK NORTH AMERICA
UINTA BANK INTEREST BEARING
CAPITAL ONE NA INTEREST
MEDALLION BANK UTAH INTEREST
COMENITY CAPITAL BANK INTEREST
BANK FIVE NINE INTEREST
FIRST NATL BK OF AMERICA
Security ID Quantity
3133EPH81 0.00
15118RM38 0.00
05580AY24 0.00
903572GQ2 0.00
2546733V6 0.00
58404DTX9 0.00
20033A4J2 0.00
062119CD2 0.00
32110YK46 0.00
Market Price Quantity Pledged Market Value
101.6406 0.00
1,524,609.38
100.6367 0.00
1,006,367.19
97.0547 0.00
1,941,093.76
99.5117 0.00
3,980,468.76
102.1250 0.00
3,063,750.00
99.2578 0.00
496,289.07
48,552,826.71 O.OQ
Credit Debit
45,000.00
976.71
5,484.93
838.70
5,484.93
913.01
944.86
955.48
913.01
Transactions continued on next page ➔
PAGE 60F 8 9
Transactions uso continued
Interest Continued
Transaction
Date
04/30/2026
04/30/2026
Wotal •
Transaction
Interest
Interest
Funds Paid and Received
Transaction
Date
04/06/2026
04/23/2026
[l'otal
Transaction
DESIGNATED DOA
DESIGNATED DOA
Money Market Mutual Fund Activity
Transaction
Date
Begino!ng
J:jalance .
04/01/2026
04/01/2026
04/06/2026
04/06/2026
04/08/2026
04/14/2026
04/14/2026
04/20/2026
04/22/2026
04/23/2026
04/27/2026
04/28/2026
PAGE 7 OF 8
Wells Fargo Bank, N.A. Account Statement for April 2026 April 01, 2026-April 30, 2026
CITY OF LAGUNA NIGUEL Account 18D83672
Description Security ID
SPIRITBANK NA INTEREST BEARING 848608FB6
UNITED STATES TREASURY NOTE 91282CGZ8
Description
DESIGNATED DOA
DESIGNATED DOA
Fund Ticker
JPMorgan 100% UST C 3163 CJTXX
Activity Shares
Reinvest Dividend 8,909.53000
Dividend
Purchase 45,000.00000
Redemption (1,600,000.00000)
Purchase 976.71000
Purchase 838.70000
Purchase 5,484.93000
Purchase 5,484.93000
Purchase 913.01000
Purchase 500,000.00000
Purchase 944.86000
Purchase 955.48000
10 Quantity
0.00 0.00
7 day sjmp(e
_y_ield
3.54 Dividend Amount
8,909.53
Credit
811.64
26,250.00
88,573.27.'
Credit
500,000.00
500,000.00
Beginning Price
1.0000
Market Value
2,069,46;2.67.'
8,909.53
45,000.00
(1,600,000.00)
976.71
838.70
5,484.93
5,484.93
913.01
500,000.00
944.86
955.48
Debit
O.OQ
Debit
(1,600,000.00)
(1,600,()00.00i
Ending Price
1.0000
Share Balance
• 2,069,462.6700i
2,078,372.20000
2,078,372.20000
2, 123,372.20000
523,372.20000
524,348.91000
525,187.61000
530,672.54000
536,157.47000
537,070.48000
1,037,070.48000
1,038,015.34000
1,038,970.82000
Transactions continued on next page ➔
Transactions USO Continued
Wells Fargo Bank, N.A. Account Statement for April 2026 April 01, 2026-April 30, 2026
CITY OF LAGUNA NIGUEL Account 18D83672
Money Market Mutual Fund Activity Continued
Transaction Activity Shares Dividend Amount Date
04/29/2026 Purchase 913.01000
04/30/2026 Purchase 27,061.64000
i:nalng ~ 8,909.53
,Balarwe
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
Market Value Share Balance
913.01 1,039,883.83000
27,061.64 1,066,945.47000
1,066,945.47 • 1,066,945.47000
i
.J
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
4/1/2026
S2,549, 762.06
$2,549,762.06
Contributions
S0.00
$0.00
Earnings
$119,789.09
$119,789.09
Expenses
$1,290.15
$1,290.15
Account Report for the Period
4/1/2026 to 4/30/2026
Distributions Transfers
S0.00 $0.00
$0.00 $0.00
Balance as of
4/30/2026
$2,668,261.00
$2,668,261.00
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 4.70% 2.34%
will be allocated between equity and fixed income investments. 1-Year 3-Years
17.12% 11.00%
Annualized Return
5-Years
5.00%
JO-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 renect 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 on an investment over a period other than one year multiplied or divided to give a comparable one-year return.
Account balances are inclusive or 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 12