To:
FROM:
DATE :
SUBJECT:
CITY OF LAGUNA NIGUEL
CITY COUNCIL AGENDA ITEM
Honorable Mayor and Council Members
Tamara S. Letourneau, City Manager
August 4, 2026
Investment Report as of June 30, 2026
RECOMMENDATION
Staff recommends that the City Council receive and file the City of Laguna Niguel Investment Report as of June 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
The most recent Federal Open Market Committee (FOMC) meeting concluded on July 29, 2026. The Federal Reserve left the federal funds rate unchanged again, at a target of
3.50 to 3. 75%. The vote in favor of keeping the rates as is was 9-3, with the three dissenting votes in favor of a 0.25% rate increase.
The CME FedWatch tool is predicting a 62% chance the Federal Funds rate is increased by 0.25% at the next FOMC meeting (Figure 1 ), and just a 16% chance the Federal Funds rate stays at its current level through 2026 (Figure 2).
Figure 1
CME Tool Projections - September Meeting
16 Sep26 28 Oct26 9 Oec26 "27 Jan27 17 M.1r?7 :?8 Apr.n 9 Jun27 26 Jul27 15 Sep27 27 Oc12i
MEETING DATE
16 Sep2026 ZOU6
MEETING INFORMATION
EXPIRES
30 Sep 2026
Target Rate ProbabI1it1es for 16 Sep 2026 Fed Meeting
MIO PRICE
96 2900
PRIOR VOLUME
Cu1 rent ta1get rate 1s 350-375
37.6%
20 ..
o"
350-37 5
Targe t Rate 1111 bps l
Figure 2
CME Tool Projections - Year-End Projection
16 Sep26 :'8 Oct26 9 Dec26 27 J;m27 17 Mar2"7 28 Aor27 9 Jun27 28 Jul~7 15 Sep.2 - 27 Oct27
MEETING CATE
9 Dec 2026
CONTRACT
ZQZ6
MEETING INFORMATION
EXPIRES
31 Dec 2026
Target Rate ProbabIhties for 9 Dec 2026 Fed Meeting
MIO PRICE
96.0500
PRIOR VOLUME
Current ta1get rate is 350 -37 5
80'1,
60'1,
>
D
.D
~
43.9%
40'1,
20'I. 16.<m
0'1;
350 - 375 375-400
Targe t Rate ( 111 bps)
PRJOROI EASE
56.7S4 2 14 024 00 %
62 .4%
375-400
PRIOROI EASE
9.570 0.0%
33.1%
400 -425
PROBABILITIES
NO CHANGE
3 6 %
PROBABllmES
NO CHANGE
7.0%
160%
-
425 - 450
HIKE
62.4 %
Q
HIKE
64.0%
Q
Page3
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. The City just has one security maturing in Fiscal Year 2026-27, however, as property taxes are received, the composition of the portfolio will allow the City to look for securities in the five to ten-year maturity period, which could provide substantial yield based on current projections. The 10-year yield is above 4.60% at the time of this report. It was below 4.00% as recently as March 2026.
The City's average weighted yield of 4.038% exceeded the yields of LAIF, the 1-year Treasury, and the 6-month Treasury benchmark while remaining near the 5-year Treasury yield.
Benchmark Comparison:
City Portfolio 5-Year ·1-Year 6-Month LAIF
Treasury Treasury Treasury
4.038% 4.190% 3.980% 4.01% 3.816%
The City's section 115 Trust balance was $2. 73 million at the end of June 2026, increasing nearly 37% since the original investment of $2.0 million.
The following table compares the portfolio balance for the prior two months:
• Over the past month, total cash and investments decreased by $1,551,907, which was anticipated by City staff. The County historically does not receive large allotments of property taxes in the month of June. Because property taxes account for over 50% of General Fund revenues annually, months that do not include significant tax distributions typically result in overall decreases in the City's total cash and investment balances.
• LAIF yields continue to exceed the money market alternatives available to the City. To capture additional yield without sacrificing safety or liquidity, City staff has deposited the majority of the funds intended for short-term cash flows with LAIF. As a result, the percentage of pooled investments in LAIF stands at
16.91 % of the overall portfolio.
• The average weighted maturity of City investments, including investment pools and money market funds, decreased to 1,236 days. The average weighted maturity for the portfolio, excluding money market funds, is 1,550 days.
Average weighted maturity is calculated by multiplying the days remaining to • maturity of each investment by its cost and dividing by the tot~I portfolio cost.
• The net LAIF yield increased for the first time in nearly two years, from 3.810% to 3.816%. As the five-year yield has increased and remained elevated since March, staff anticipates the LAIF yield to gradually increase as well. The net yield of money market funds in the City's safekeeping account decreased from
3.530% to 3.490%. The LAIF/PMIA rate now slightly exceeds the federal funds rate based on the most recent State Controller data (Figure 3).
Figure 3
Average Monthly Yield Comparison - 06/2021 through 06/2026
6.00% - -------------
5.00% -1--------- ~ ~ .:;.._----~ ~ ------ ~
4.00% +------- ~::_ __ -:::a-.... :!:!!~::~ ~~~~ ... ~ ... lllillla=:sJ
3.00% -+------- -,.- ---=-~~----------- ---i
2.,00% ...... ----~ ~ ----------------~
1.00% -+-----~ p:;;- ---------------- ,
0.00% - ----- ~ ---------------------___..J
'Cf' '(f 1/) II) 1/) 1/)
~ <O N
~ ~
N
~
N
0 ~ 0 ~ ~ N N
s
N
0, - ~ a, N ~ ca N .... ....
- PMIA
--S&P
- - - - Fed f::"uoos
June Yields
PMIA 3.816%
S&P GIP 3.810%
Fed Funds 3.610%
• The City's average weighted yield, including investment pools and money market funds, increased from 4.023% to 4.038%, mostly due to a decrease in the overall portfolio. Any short-term decreases come from either LAIF or the money market accounts, which are among the lowest yielding investments of the portfolio. The weighted yield, excluding money markets and LAIF remained
4.106%. The City's average weighted 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 June 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 June 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:
"IA/'--'
Trevor Agrelius
Finance Director
A. Monthly Investment Report as of June 30, 2026
------
ATTACHMENT A
Investment Report as of June 30, 2026
CITY OF LAGUNA NIGUEL
)
INVESTMENT REPORT
as of
June 30,-2026
Tamara S. Letourneau
CITY MANAGER
Trevor Agrelius
FINANCE DIRECTOR ;
August 4, 2026
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
TABLE OF CONTENTS
Statement of Compliance/Non-Compliance 1
Report of Cash and Investments 2
LAIF Investment Reports 3-5
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 June 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.
~~&#~ 2~ ~
City Manager Finance Director
City of Laguna Niguel
Summary of Cash and Investments
6/30/2026
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 3.550% 1,181,108.63 1.86% N/A 1,181,108.63 Safekeeping Money Market 3.490% 939,475.39 1.48% 10.00% 939,475.39 Local Agency Investment Fund 3.816% 10,721,381.54 16.91% >$40 million or 55% 10,709,291.92 US Treasury Note: 47.30% N/A
91282CJK8 11/30/2023 11/15/2026 4.625% 4.310% 1,008,640.00 1,002,542.97 128,749.72 91282CJAO 11/10/2023 9/30/2028 4.625% 4.500% 1,005,380.00 1,009,765.63 221,376.41 91282CJN2 12/8/2023 11/30/2028 4.375% 4.020% 2,031,720.00 2,009,843.76 407,033.11 91282CKG5 4/12/2024 3/31/2029 4.250% 4.500% 1,475,175.00 1,498,828.13 329,913.80 91282CFJ5 10/24/2024 8/31/2029 3.125% 4.000% 961,730.00 969,531.25 186,760.06 91282CLN9 11/6/2024 9/30/2029 3.500% 4.310% 970,990.00 980,117.19 205,120.71 91282CMA6 12/20/2024 11/30/2029 4.125% 4.330% 990,940.00 998,867.19 212,304.96 91282CMDO 1/13/2025 12/31/2029 4.375% 4.470% 995,790.00 1,006,523.44 221,095.66 91282CGZ8 5/13/2025 4/30/2030 3.500% 4.000% 1,466,505.00 1,464,550.79 291,372.45 91282CHW4 11/21/2025 8/31/2030 4.125% 3.619% 4,087,812.50 3,991,093.76 706,859.61 91282CMC2 4/24/2025 12/31/2031 4.500% 4.075% 1,024,620.00 1,013,710.94 279,346.50 91282CFV8 4/11/2025 11/15/2032 4.125% 4.126% 1,999,870.00 1,982,500.00 627,306.89 91282CJJ1 1/7/2025 11/15/2033 4.500% 4.530% 1,496,655.00 1,516,992.18 600,713.03 91282CKQ3 1/13/2025 5/15/2034 4.375% 4.660% 978,560.00 1,000,468.75 425,899.88 91282CLF6 10/9/2024 8/15/2034 3.875% 4.079% 1,955,400.00 1,932,187.50 786,025.96 91282CLW9 12/20/2024 11/30/2034 4.250% 4.349% 3,968,200.00 3,961,875.00 1,717,119.88 91282CMMO 3/25/2025 2/15/2035 4.625% 4.275% 3,083,550.00 3,048,281.25 1,305,216.03 91282CNC1 5/15/2025 5/15/2035 4.250% 4.375% 495,000.00 494,218.75 216,681.16 Municipal Bonds: 3.14% 25%
13063ETP1 5/4/2026 4/1/2031 4.050% 4.150% 1,991,100.00 1,967,871.20 405,908.92 Certificates of Deposit: 6.31% 30%
15140RCY3 7/25/2023 7/26/2027 4.700% 4.700% 250,000.00 251,452.80 47,064.38 85628340 7/31/2023 8/2/2027 4.600% 4.600% 250,000.00 251,208.53 46,094.52 15118RM38 12/8/2023 12/8/2027 4.600% 4.600% 250,000.00 251,484.10 46,031.51 33610RVD2 12/12/2023 12/10/2027 4.550% 4.550% 250,000.00 251,299.20 45,468.84 05580AV24 7/lB/2023 4/14/2028 4.400% 4.408% 249,875.00 250,710.75 52,266.02 2546733V6 7/18/2023 4/17/2028 4.400% 4.408% 249,875.00 250,795.90 52,356.55 20033A4J2 7/26/2023 7/26/2028 4.450% 4.450% 250,000.00 251,070.80 55,685.96 062119CD2 7/28/2023 7/28/2028 4.500% 4.500% 250,000.00 251,320.50 56,311.64 02589AF64 11/1/2023 11/1/2028 5.000% 5.000% 250,000.00 254,005.35 62,568.49 87165E3V7 11/3/2023 11/3/2028 5.000% 5.000% 250,000.00 254,013.45 62,568.49 795451DH3 12/13/2023 12/13/2028 4.400% 4.400% 250,000.00 250,755.08 55,060.27 58404DTX9 12/22/2023 12/22/2028 4.300% 4.300% 250,000.00 250,269.03 53,808.90 32110YK46 12/28/2023 12/28/2028 4.300% 4.300% 250,000.00 250,266.13 53,808.90 848608FB6 1/31/2024 1/31/2029 3.950% 3.950% 250,000.00 248,109.83 49,429.11 903572GQ2 2/14/2024 2/14/2029 3.950% 3.950% 250,000.00 248,070.73 49,429.11 89235MPR6 6/28/2024 6/28/2029 4.500% 4.500% 250,000.00 251,442.03 56,280.82 Federal Farm Credit Banks: 9.48% 25.00%
3133EPH81 12/8/2023 10/4/2027 4.500% 4.150% 2,024,580.00 2,010,421.34 321,347.99 3133EPW84 1/30/2024 1/18/2029 3.875% 3.930% 2,493,800.00 2,481,909.23 487,370.28 3133EP3B9 2/26/2024 2/13/2029 4.125% 4.200% 1,494,975.00 1,498,944.78 312,052.48 Federal National Mortgage Association: 7.16% 25.00%
31359MGK3 11/21/2025 11/15/2030 6.625% 3.649% 4,537,880.00 4,385,115.96 825,667.89 Federal Home Loan Banks: 6.36% 25.00%
3130AWC24 6/23/2023 6/9/2028 4.000% 3.930% 2,006,180.00 1,994,348.06 391,622.28 3130AOFR6 11/21/2025 12/8/2028 4.000% 3.507% 2,028,220.00 1,992,192.52 216,896.79
23.00% 60.00%
Total City Investments Including Investment Pools 63,417,488.06 100.00% 63,061,351.72 12,673,995.98 Restricted for Specific Use
PARS 115 Pension Trust 2,000,000.00 3.06% 20.00% 2,726,879.08 Average weighted maturity of Investments, excluding Investment Pools: 1,550 days Average weighted maturity of Investments, including Investment Pools and Money Market: 1,236 days Average weighted yield of Investments, excluding Investment Pools: 4.106% Average weighted yield of Investments, including Investment Pools and Money Market: 4.038% • Market value of City investments is provided by Wells Fargo Bank 2 7/20/26 , 3:45 PM
....,, ..
Local Agency Investment Fund
PO Box 942809
Sacramento , CA 94209-000 I
(916) 653-3001
CITY OF LAGUNA NIGUEL
TREASURER
30 111 CROWN VALLEY PARKWAY
LAGUNA NIGUEL , CA 92677
Account Number: 98-30-408
June 2026 Statement
Account Summan
Total Deposit
Total Withdrawal
LAIF Regular Monthly Statement
July 20, 2026
LAIF Horne
PMIA A, erage Monthl: Yields
Tran Type Definitions
0 00 Beginning Balance :
0.00 Ending Balance
3 10,72 1,381.54
I 0,72 1,38 1.54
https://laifms.treasurer .ca.gov/RegularStatement.aspx 1/1 PMIA/LAIF Performance Report
as of 07 /15/26
Quarterly Performance
Quarter Ended 06/30/26
PMIA Average Monthly
Effective Yields(ll
LAIF Apportionment Rate(2):
LAIF Earnings Ratio(2):
LAIF Administrative Cost(lJ*:
LAIF Fair Value Factor(1):
PMIA Daily(1l:
PMIA Quarter to Date(1):
PMIA Average Life(1):
3.92 0.0001 074323 8142967
TBD
0.998872382
3.83 3.81
269
June
May
April
March
February
January
Pooled Money Investment Account
Monthly Portfolio Composition 111
06/30/26
Certificates of
Deposit/Bank Notes
10.82%
$193.1 billion
Commercial
Paper
6.72%
Corporate
Bonds
0.60%
Loans
3.816
3.810
3.811
3.826
3.871
3.931
Treasuries
57.20%
Agencies
21.76 %
Chart does not include $749,000.00 in mortgages, which equates to 0.0004%. Percentages may not total 100"/o due to rounding.
Daily rates are now available here. View PMIA Daily Rates Notes: The apportionment rate includes interest earned on the Ca/PERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(l} .
* The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings . The law provides that administrative costs are not to exceed 5% of quarterly EARNINGS of the fund . However, if the 13-week Daily Treasury Bill Rate on the last day of the fiscal year is below 1 %, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year.
Source :
Il l State of California , Office of the Treasurer
12i State of California , Office of the Controller
~.._ ,~vEs141. State of California
~ • ' ? ~ ~ :t.,.
§> L - g Pooled Money Investment Account
~ ~ ~~ Market Valuation 0-- .....,
~ :$> ~)' ,~ 6/30/2026 >--uoum,~ •
Carrying Cost Plus '
Description Accrued Interest Purch. Amortized Cost Fair Value .
United States Treasury:
Bills $ 53,956,293,642.15 $ 54,370,981 ,183.64 $ 54,354,702,900.00 Notes $ 56,514,737,009.67 $ 56,445,352,276.91 $ 56,275,628,050.00 Federal Agency:
SBA $ 294,424 ,579.31 $ 294,362,735.60 $ 291 ,947,378.89 MBS-REMICs $ 749,201 .29 $ 749,201 .29 $ 752,079.72
Debentures $ 4,821 ,250,477.12 $ 4,820,475 ,477.12 $ 4,797,156,290.00 Debentures FR $ - $ - $ -
Debentures CL $ 2,250,000,000.00 $ 2,250,000,000.00 $ 2,235,928,900.00 Discount Notes $ 24,126,368,402.78 $ 24,332,766,631.97 $ 24,316,144,700.00 Supranational:
Debentures $ 4,287,351 ,449.84 $ 4,285,202,838.72 $ 4,255,518,350.00 Debentures FR $ - $ - $ -
Debentures CL $ 500,000,000.00 $ 500,000,000.00 $ 499,001 ,700.00 Discount Notes $ 5,749,777,055.58 $ 5,806,344,388.88 $ 5,803,113,000.00 CDs and YCDs FR $ - $ - $ -
Bank Notes $ 600,000,000.00 $ 600,000,000.00 $ 599,120,644.11 CDs and YCDs $ 20,300,000,000.00 $ 20,300,000,000.00 $ 20,290,310,776.13 Commercia l Paper $ 12,984,894,069.41 $ 13,095,711,486.04 $ 13,094,430 ,652.78 Corporate :
Bonds FR $ - $ - $ -
Bonds $ 1,148,300,783.15 $ 1,072,418,454.44 $ 1,142,091,653.00 Repurchase Agreements $ - $ - $ -
Reverse Repurchase $ - $ - $ -
Time Deposits $ 5,377,000,000.00 $ 5,377,000,000.00 $ 5,377,000,000.00 PMIA & GF Loans $ 235,475 ,543.00 $ 235,475 ,543.00 $ 235,475 ,543.00 TOTAL $ 193,146,622,213.30 $ 193,786,840,217.61 $ 193,568,322,617.63 Fair Value Including Accrued Interest $ 194,482 ,118,015.96 Repurchase Agreements , Time Deposits, PMIA & General Fund loans, and Reverse Repurchase agreemen ts are carried at portfolio book value (carrying cost).
The value of each participating dollar equals the fair value divided by the amortized cost (0.998872382) As an example: if an agency has an account balance of $20,000,000.M , then the agency would report its participat ion in the LAIF valued at $19,977,447 .63 or $20,000,000.00 x 0.998872382 Accrued Interest
NA
$ 561 ,918,976.00
$ 986,566.00
$ 3,268.33
$ 32,773,460.10
$ -
$ 20,607,532.50
NA
$ 52,039,494.00
$ -
$ 3,950,555.00
NA
$ -
$ 8,827,916.67
$ 221 ,811 ,819.47
NA
$ -
$ 10,875,810.26
$ -
$ -
NA
NA
$ 913,795,398.33
Account Summary uso
Multi-currency Account Net Equity
Wells Fargo Bank, N.A. Account Statement for June 2026
June 01, 2026-June 30, 2026
CITY OF LAGUNA NIGUEL Account 1 BO83672
Currency Net Cash Balance Long Market Value Short Market Value USD US Dollar
Total .. ·:
Portfolio Value
Classification
Net Cash Balance
Fixed Income Long
Money Market Mutual Funds
Totc11·
Income Summary
Classification
Interest
Money Market Mutual Fund Dividends
Total
Cash Activity-summary
Classification
Funds Received
Other Debit
Total
Money Market Mutual Funds Summary
Classification
Opening Balance
Deposits and Other Additions
Distributions and Other Subtractions
Dividends Reinvested
Change in Value
Closing.Balance· •
PAGE 3 OF 8
45,186.64 51,389,163.41 0.00
Previous Period
365,885.27
2,690.83
'\368,576.1 0
6 CCV Net Equity
CCV Rate
51,434,350.05
1.00000000
Previous Period
0.00 50,334,862.07
989,921.57
This Period
212,708.55
2,744.15
Previous Period
1,550,000.00
(1,995,600.00)
(445,600:00) ".
USD Net Equity
51,434,350.05
51,434,350.05
This Period
45,186.64
50,228,975.78
1,160,187.63
• 51 ;43,4,3~0.05
1,054,599.08
65,729.63
1, 120;328 .. 71'
This Period
0.00 0.00
: .0.0Q
This Period
989,921.57
1,017,521.91
(850,000.00)
2,744.15
0.00 1;150,1~7.63
Wells Fargo Bank, N.A. Account Statement for June 2026
June 01, 2026-June 30, 2026
Holdings use
Money Market Mutual Funds
Security ID Description
CJTXX JPMorgan 100% UST C 3163
Total ...
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
PAGE4OF 8
CITY OF LAGUNA NIGUEL Account 18083672
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
7 989,921.57000
1,160, 187.63000
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
1,000,000.00
250,000.00
250,000.00
250,000.00
250,000.00
2,000,000.00
2,000,000.00
250,000.00
250,000.00
250,000.00
250,000.00
250,000.00
250,000.00
250,000.00
250,000.00
2,000,000.00
2,000,000.00
250,000.00
250,000.00
250,000.00
250,000.00
1,000,000.00
1,000,000.00
250,000.00
250,000.00
250,000.00
250,000.00
2,000,000.00
2,000,000.00
Beginning Market Val
End Market Value
989,921.57
1,160,187.63
•• 9.89,921~57 C •
1;160,187.63
Market Price
Market Value
100.2543
1,002,542.97
100.5811
251,452.80
100.4834
251,208.53
100.5211
2,010,421.34
100.5936
251,484.10
100.5197
251,299.20
100.2843
250,710.75
100.3184
250,795.90
99.7174
1,994,348.06
100.4283
251,070.80
100.5282
251,320.50
100.9766
1,009,765.63
101.6021
254,005.35
101.6054
254,013.45
100.4922
2,009,843.76
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 June 2026
June 01, 2026-June 30, 2026
CITY OF LAGUNA NIGUEL Account 18D83672
Holdings USO Continued
Fixed Income - Long Positions Continued
Security ID Description Account Type Maturity Date Quantity Coupon Rate Current Face
3130A0FR6 FEDERAL HOME LOAN BANK CASH 12/08/2028 2,000,000.00
4.000000000000 2,000,000.00
795451DH3 SALLIE MAE BANK/SALT LKE CASH 12/13/2028 250,000.00
4.400000000000 250,000.00
58404DTX9 MEDALLION BANK UTAH INTEREST ' CASH 12/22/2028 250,000.00
4.300000000000 250,000.00
32110YK46 FIRST NATL BK OF AMERICA CASH 12/28/2028 250,000.00
4.300000000000 250,000.00
3133EPW84 FEDERAL FARM CREDIT BANK CASH 01/18/2029 2,500,000.00
3.875000000000 2,500,000.00
848608FB6 SPIRITBANK NA INTEREST BEARING CASH 01/31/2029 250,000.00
3.950000000000 250,000.00
3133EP3B9 FEDERAL FARM CREDIT BANK CASH 02/13/2029 1,500,000.00
4.125000000000 1,500,000.00
903572GQ2 UINTA BANK INTEREST BEARING CASH 02/14/2029 250,000.00
3.950000000000 250,000.00
91282CKG5 UNITED STATES TREASURY NOTE CASH 03/31/2029 1,500,000.00
4.125000000000 1,500,000.00
89235MPR6 TOYOTA FINANCIAL SGS BK CASH 06/28/2029 250,000.00
4.500000000000 250,000.00
91282CFJ5 UNITED STATES TREASURY NOTE CASH 08/31/2029 1,000,000.00
3.125000000000 1,000,000.00
91282CLN9 UNITED STATES TREASURY NOTE CASH 09/30/2029 1,000,000.00
3.500000000000 1,000,000.00
·91282CMA6 UNITED STATES TREASURY NOTE CASH 11/30/2029 1,000,000.00
4.125000000000 1,000,000.00
91282CMD0 UNITED STATES TREASURY NOTE CASH 12/31/2029 1,000,000.00
4.375000000000 1,000,000.00
91282CGZ8 UNITED STATES TREASURY NOTE CASH 04/30/2030 1,500,000.00
3.500000000000 1,500,000.00
91282CHW4 UNITED STATES TREASURY NOTE CASH 08/31/2030 4,000,000.00
4.125000000000 4,000,000.00
31359MGK3 FANNIE MAE CASH 11/15/2030 4,000,000.00
6.625000000000 4,000,000.00
13063ETP1 CALIFORNIA ST TXBL-BID GROUP A CASH 04/01/2031 2,000,000.00
4.050000000000 2,000,000.00
91282CMC2 UNITED STATES TREASURY NOTE CASH 12/31/2031 1,000,000.00
4.500000000000 1,000,000.00
PAGE 5 OF 8 8
Market Price Quantity Pledged Market Value
99.6096 0.00
1,992, 192.52
100.3020 0.00
250,755.08
100.1076 0.00
250,269.03
100.1064 0.00
250,266.13
99.2764 0.00
2,481,909.23
99.2439 0.00
248,109.83
99.9297 0.00
1,498,944.78
99.2283 0.00
248,070.73
99.9219 0.00
1,498,828.13
100.5768 0.00
251,442.03
96.9531 0.00
969,531.25
98.0117 0.00
980,117.19
99.8867 0.00
998,867.19
100.6523' 0.00
1,006,523.44
97.6367 0.00
1,464,550.79
99.7773 0.00
3,991,093.76
109.6279 0.00
4,385, 115.96
98.3936 0.00
1,967,871.20
101.3711 0.00
1,013,710.94
Holdings continued on next page ➔
Wells Fargo Bank, N.A. Account Statement for June 2026
June 01, 2026QJune 30, 2026
CITY OF LAGUNA NIGUEL Account 18083672
Holdings USD Continued
Fixed Income - Long Positions Continued
Security ID Description Account Type Maturity Date Quantity Coupon Rate Current Face
91282CFV8 UNITED STATES TREASURY NOTE CASH 11/15/2032 2,000,000.00
4.125000000000 2,000,000.00
91282CJJ1 UNITED STATES TREASURY NOTE CASH 11/15/2033 1,500,000.00
4.500000000000 1,500,000.00
91282CKQ3 UNITED STATES TREASURY NOTE CASH 05/15/2034 1,000,000.00
4.375000000000 1,000,000.00
91282CLF6 UNITED STATES TREASURY NOTE CASH 08/15/2034 2,000,000.00
3.875000000000 2,000,000.00
91282CLW9 UNITED STATES TREASURY NOTE CASH 11/15/2034 4,000,000.00
4.250000000000 4,000,000.00
91282CMM0 UNITED STATES TREASURY NOTE CASH 02/15/2035 3,000,000.00
4.625000000000 3,000,000.00
91282CNC1 UNITED STATES TREASURY NOTE CASH 05/15/2035 500,000.00
4.250000000000 500,000.00
Total· ~0,099,o0,0i00 •
,, '~ ),
• 50;000i000.00
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
06/01/2026 Interest
06/01/2026 Interest
06/01/2026 Interest
06/08/2026 Interest
06/08/2026 Interest
06/09/2026 Interest
Description
UNITED STATES TREASURY NOTE
UNITED STATES TREASURY NOTE
SPIRITBANK NA INTEREST BEARING
CELTIC BANK INTEREST BEARING
FEDERAL HOME LOAN BANK
FEDERAL HOME LOAN BANK
Security ID Quantity
91282CMA6 0.00
91282CJN2 0.00
848608FB6 0.00
15118RM38 0.00
3130A0FR6 0.00
3130AWC24 0.00
Market Price Quantity Pledged Market Value
99.1250 0.00
1,982,500.00
101.1328 0.00
1,516,992.18
100.0469 0.00
1,000,468.75
96.6094 0.00
1,932,187.50
99.0469 0.00
3,961,875.00
101.6094 0.00
3,048,281.25
98.8438 0.00
494,218.75
so,i2a,91s.7a , ': ',,, 0.00
Credit Debit
20,625.00
43,750.00
838.70
976.71
40,000.00
40,000.00
Transactions continued on next page ➔
PAGE 6 OF 8 9
Transactions uso Continued
Interest Continued
Transaction Transaction Date
06/12/2026 Interest
06/15/2026 Interest
06/15/2026 Interest
06/22/2026 Interest
06/26/2026 Interest
06/29/2026 Interest
06/29/2026 Interest
06/29/2026 Interest
06/30/2026 Interest
06/30/2026 Interest
06/30/2026 Interest
TotaL:
Money Market Mutual Fund Activity
Transaction
Date
Beginning:'
Balance'
06/01/2026
06/01/2026
06/01/2026
06/08/2026
06/09/2026
06/12/2026
06/15/2026
06/16/2026
06/23/2026
06/29/2026
PAGE 7 OF 8
Wells Fargo Bank, N.A. Account Statement for June 2026
June 01, 2026-June 30, 2026
CITY OF LAGUNA NIGUEL Account 18083672
Description Security ID
FIRST PREMIER BANK INTEREST 33610RVD2
SALLIE MAE BANK/SALT LKE 795451DH3
UINTA BANK INTEREST BEARING 903572GQ2
MEDALLION BANK UTAH INTEREST 58404DTX9
COMENITY CAPITAL BANK INTEREST 20033A4J2
FIRST NATL BK OF AMERICA 32110YK46
BANK FIVE NINE INTEREST 062119CD2
TOYOTA FINANCIAL SGS BK 89235MPR6
UNITED STATES TREASURY NOTE 91282CMD0
SPIRITBANK NA INTEREST BEARING 848608FB6
UNITED STATES TREASURY NOTE 91282CMC2
Fund Ticker
JPMorgan 100% UST C 3163 CJTXX
Activity Shares
\-;"•', .. -
'
Purchase 65,213.70000
Dividend
Reinvest Dividend 2,744.15000
Purchase 40,976.71000
Purchase 40,000.00000
Purchase 5,671.92000
Purchase 838.70000
Purchase 5,484.93000
Purchase 913.01000
Redemption (850,000.00000)
10 Quantity
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 7 day simple
yield
3.55 Dividend Amount
2,744.15
Credit Debit
5,671.92
5,484.93
838.70
913.01
944.86
913.01
955.48
5,609.59
21,875.00
811.64
22,500.00
212, 708.~55 .
Beginning Price Ending Price
1.0000 1.0000
Market Value Share Balance
'989,92:1:57 •. 989~92u10~0
65,213.70 1,055, 135.27000
1,055, 135.27000
2,744.15 1,057,879.42000
40,976.71 1,098,856.13000
40,000.00 1,138,856.13000
5,671.92 1, 144,528.05000
838.70 1,145,366.75000
5,484.93 1, 150,851.68000
913.01 1 J 151 J 764.69000
(850,000.00) 301,764.69000
Transactions continued on next page ➔
Transactions uso Continued
Wells Fargo Bank, N.A. Account Statement for June 2026
June 01, 2026-June 30, 2026
CITY OF LAGUNA NIGUEL Account 18083672
Money Market Mutual Fund Activity Continued
Transaction
Date
06/29/2026
06/30/2026
Endii,g:
Balance,.
Activity
Purchase
Purchase
Shares Dividend Amount
944.86000
857,4 78.08000
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
944.86 302, 709.55000
857,478.08 1, 160, 187 .63000
• 1,160,187.63 1,1_60,187.63~00
CITY OF LAGUNA NIGUEL
PUBLIC AGENCY
RETIREMENT SERVICES
PARS Post -Employm ent Benefits Trust
Tamara Letourneau
City Manager
City of Laguna Niguel
30111 Crown Valley Parkway
Laguna Niguel, CA 92677
Account Summary
Source
PENSION
Tota ls
Investment Selection
Source
PENSION Moderate - Ind ex
Inve stment Objective
Source
Balance as of
6/1/2026
$2,725,870. 17
$2,725,870. 17
Contri butions
$0.00
$0.00
Earnings
$2,335.77
$2,335.77
Expenses
$1 ,326.86
$1,326.86
Account Report for the Period
6/1/ 2026 to 6/ 30/ 2026
Distributions Transfers
$0.00 $0.00
$0.00 $0.00
Balance as of
6/3 0 /2 026
$2,726,879.08
$2,726,879 08
PENSION
The dual goa ls of the Moderate Strategy are growth of principal and income. It is expected that dividend and interest income w ill comprise a sign ifica nt portion of total return , althoug h grow th throug h capital apprecia tion is equa lly impo rtant The portfolio Investment Return
Source 1-Month 3-Months
PENSION 0.09% 7.11 %
will be alloca ted between equity and fixed income investment s. 1-Year 3-Years
13.40% 11 .45%
Annu alized Return
5-Years
5.15%
10-Years
Information as provided by US Bank, Trustee For PARS; Not FDIC Insured; No Bank Guarantee; May Lose Value Plan·s Incept ion Date
5/26/2020
Past performan ce 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 on an investment over a period other than one year multiplied or d1v1ded to give a comparable one•year return Account balances are 1nclus1ve 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 12