To:
FROM:
DATE:
SUBJECT:
CITY OF LAGUNA NIGUEL
CITY COUNCIL AGENDA ITEM
Honorable Mayor and Council Members
Tamara S. Letourneau, City Manager
September 15, 2026
Investment Report as of July 31 , 2026
RECOMMENDATION
Staff recommends that the City Council receive and file the City of Laguna Niguel Investment Report as of July 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
There were no Federal Open Market Committee (FOMC) meetings during August. The next FOMC meeting is scheduled for September 15-16, 2026, with the Committee's policy decision expected on September 16. In anticipation of a potential rate increase, U.S.
Treasury yields have continued to rise. Since the end of February 2026, the five-year Treasury yield has increased from 3.51 % to 4.55% as of September 1, 2026 (Figure 1 ).
While changes in market interest rates are difficult to predict, the recent increase in U.S.
Treasury yields has created new investment opportunities for the City's portfolio. As securities mature and proceeds become available for reinvestment, the City is well positioned to take advantage of the higher rate environment. By thoughtfully extending maturities where appropriate and consistent with the City's Investment Policy, the City can lock in higher yields for longer periods, enhancing future investment earnings while maintaining the safety and liquidity objectives of the portfolio. The City will continue to monitor market conditions and evaluate opportuniti~s to strategically position the portfolio to maximize returns within its prudent investment framework.
The CME FedWatch Tool indicates a 50.4% probability that the Federal Funds Rate will be increased by 25 basis points at the September meeting (Figure 2), and just a 17% chance the Federal Funds rate stays at its current level through 2026.
Figure 1
CME Tool Projections - September Meeting
FRED x!t - Market Yield on U.S. Treasury Securities at 5-Vear Constant Maturity, Quoted on an Investment Basis
4.6 4.4
4.2 c
~ 4.0
(II
a..
3.4 Figure 2
2025-10 2025-11 2025-12 2026-01 2026-02 2026-03
CME Tool Projections - Year-End Projection
16 Sep26 28 Ocl26 9 Dec26 27 Jan27 17 Mar27 28 Ap,27 9 Jun27 28 Jul27 15 Sep27 27 Ocl27 2026-04
MEETING INFORMATION
EXPIRES MIO PRICE PRIOR VOLUME PRIOR 01
Page2
2026-05 2026-06 2026-07 2026-08
EASE NO CHANGE MEETUIGDATE
16 Sep2026
CONTRACT
ZOU6 30 Sep 2026 96 3138 50,046 234,144 00 % 49.6% 504% ---------------Target Rate Probabilities for 16 Sep 2026 Fed Meeting Current target rate Is 350-375
10°"
Q
6°"
f 49.69' 50.49'
~
~
40%
°"
350-375 375- 400
Target Rate (in bps)
The City's investment portfolio continues to be well positioned. Higher interest rates have increased yields available through the Local Agency Investment Fund (LAIF), as the State is able to purchase new securities at more attractive rates. Elevated rates also provide opportunities for the City to lock in higher yields for longer investment horizons. Currently, only one security in the portfolio is scheduled to mature during Fiscal Year 2026-27, 2026-
Page3
representing approximately $1.0 million, or 1.7% of the portfolio. As property tax revenues are received and additional funds become available for investment, the City's portfolio structure provides flexibility to pursue securities with maturities in the five- to ten-year range. Based on current market conditions and yield projections, these longer-term investments could provide meaningful future earnings while maintaining compliance with the City's investment objectives and liquidity needs.
The City's average weighted yield of 4.067% exceeded the yields of LAIF and the 6-month Treasury, while trailing the 1-year and 5-year Treasury yields.
Benchmark Comparison:
City Portfolio 5-Year 1-Year 6-Month LAIF
Treasury Treasury Treasury
4.067% 4.450% 4.080% 3.980% 3.840%
The City's section 115 Trust balance was $2. 70 million at the end of July 2026, a slight decrease from the $2.73 million balance at the end of June 2026.
The following table compares the portfolio balance for the prior two months:
• Over the past month, total cash and investments decreased by $5.6 million, a change that was anticipated by City staff. The City contracts with the Orange County Sheriff's Department (OCSD) for police services. Each June, OCSD billing is temporarily held pending completion of an annual reconciliation process performed by the OCSD Finance Department that compares actual amounts spent versus budgeted billings.
Once finalized in early to mid-July, both the reconciled June invoice and the July invoice are issued. While the City historically receives a favorable true up adjustment, the timing of these invoices results in nearly two full OCSD monthly payments being made in July, totaling approximately $3 million. Additionally, several large full year invoices are paid in advance in July, such as the CalPERs annual unfunded liability payment, and the City's General and Property liability insurance, accounting for an additional $1.5 million in total. Furthermore, the City typically does not receive significant property tax distributions during the month of July. Because property taxes account for more than 50% of annual General Fund revenues, months without major tax receipts generally result in a decline in the City's overall cash and investment balances. •
• LAIF yields continue to exceed the money market alternatives available to the City and have started to rise again with the overall Treasury yields on the rise. The percentage of pooled investments in LAIF stands at 10.90% of the portfolio, decreasing from 16.91 % last month. This is the result of the overall decrease in cash discussed earlier.
• The average weighted maturity of City investments, including investment pools and money market funds, increased to 1,329 days, predominantly due to the decreased balance in LAIF. The average weighted maturity for the portfolio, excluding money market funds, is 1,521 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 increased for the second consecutive month, from 3.816% to
3.840%. As the five-year yield has increased and remained elevated since March 2026, staff anticipates the LAIF yield to gradually increase as well. The net yield of money market funds in the City's safekeeping account increased from 3.530% to
3.590%. 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 - 07/2021 through 07/2026
6.00% -----------------------
5.00% +-------- -=.,,;=,---a::.----- ~--==-- ----- --,
.00% +------;F-~ - --:-:;a .... ~~~~~~~---~
3.00% +------ ----- --.::11-- ----------------<
2.00% +--- - - -,.:ii"-=,,__ ______________ _
1.00% +-----: ~ .:;;.._ _______________ ____
0.00% -lMl!:ll!l•e.------------....----....------------------4 0 .... ....
ti)
~
~
ti)
N
~ r-
ti)
~ c-.,
0 ....
<O <O <O
0 0 0
-.... .....
- PMIA
- ·- S&P
- - - • F d Funds
July Yields
PMIA 3.840%
s&P GIP 3.830•;<.
Fed Funds 3.620%
• The City's average weighted yield, including investment pools and money market funds, increased from 4.038% to 4.067%, primarily because cash outflows reduced balances held in lower-yielding investments such as LAIF and money market accounts. As a result, higher-yielding fixed-income securities comprised a larger percentage of the overall portfolio. The average weighted yield, excluding money markets and LAIF, remained at 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 July 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 July 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. ~ o~ ~ Tr:r~ ~
City Manager Finance Director
Attachment:
A. Monthly Investment Report as of July 31 , 2026
ATTACHMENT A
Investment Report as of July 31, 2026
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
as of
July 31, 2026
Tamara S. Letourneau
CITY MANAGER
Trevor Agrelius
FINANCE DIRECTOR
September 15, 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 July 31 , 2026 , the City was in compliance with the Investment Policy adopted at the June 2, 2026, 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.
City Manager
Trev~r Agrelius
Finance Director
City of Laguna Niguel
Summary of Cash and Investments
7/31/2026
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 3.490% 959,614.20 1.66% N/A 959,614.20 Safekeeping Money Market 3.590% 8,549.31 0.01% 10.00% 8,549.31 Local Agency Investment Fund 3.840% 6,307,972.59 10.90% >$40 million or 55% 6,300,859.61 US Treasury Note: 51.85% N/A
91282CJK8 11/30/2023 11/15/2026 4.625% 4.310% 1,008,640.00 1,001,938.48 128,749.72 91282CJAO 11/10/2023 9/30/2028 4.625% 4.500% 1,005,380.00 1,006,718.75 221,376.41 91282CJN2 12/8/2023 11/30/2028 4.375% 4.020% 2,031,720.00 2,001,640.62 407,033.11 91282CKG5 4/12/2024 3/31/2029 4.250% 4.500% 1,475,175.00 1,491,445.32 329,913.80 91282CFJ5 10/24/2024 8/31/2029 3.125% 4.000% 961,730.00 964,531.25 186,760.06 91282CLN9 11/6/2024 9/30/2029 3.500% 4.310% 970,990.00 974,375.00 205,120.71 91282CMA6 12/20/2024 11/30/2029 4.125% 4.330% 990,940.00 991,835.94 212,304.96 91282CMDO 1/13/2025 12/31/2029 4.375% 4.470% 995,790.00 1,000,507.81 221,095.66 91282CGZ8 5/13/2025 4/30/2030 3.500% 4.000% 1,466,505.00 1,453,007.82 291,372.45 91282CHW4 11/21/2025 8/31/2030 4.125% 3.619% 4,087,812.50 3,953,906.24 706,859.61 91282CMC2 4/24/2025 12/31/2031 4.500% 4.075% 1,024,620.00 1,000,195.31 279,346.50 91282CFV8 4/11/2025 11/15/2032 4.125% 4.126% 1,999,870.00 1,957,421.88 627,306.89 91282CJJ1 1/7/2025 11/15/2033 4.500% 4.530% 1,496,655.00 1,489,042.97 600,713.03 91282CKQ3 1/13/2025 5/15/2034 4.375% 4.660% 978,560.00 984,453.13 425,899.88 91282CLF6 10/9/2024 8/15/2034 3.875% 4.079% 1,955,400.00 1,899,843.76 786,025.96 91282CLW9 12/20/2024 11/30/2034 4.250% 4.349% 3,968,200.00 3,892,812.52 1,717,119.88 91282CMMO 3/25/2025 2/15/2035 4.625% 4.275% 3,083,550.00 2,993,671.89 1,305,216.03 91282CNC1 5/15/2025 5/15/2035 4.250% 4.375% 495,000.00 485,039.07 216,681.16 Municipal Bonds: 3.44% 25%
13063ETP1 5/4/2026 4/1/2031 4.050% 4.150% 1,991,100.00 1,951,710.20 405,908.92 Certificates of Deposit: 6.91% 30%
15140RCY3 7/25/2023 7/26/2027 4.700% 4.700% 250,000.00 251,242.90 47,064.38 8562834C7 7/31/2023 8/2/2027 4.600% 4.600% 250,000.00 251,126.75 46,094.52 15118RM38 12/8/2023 12/8/2027 4.600% 4.600% 250,000.00 251,330.63 46,031.51 33610RVD2 12/12/2023 12/10/2027 4.550% 4.550% 250,000.00 251,179.40 45,468.84 05580AY24 7/18/2023 4/14/2028 4.400% 4.408% 249,875.00 250,625.83 52,266.02 2546733V6 7/18/2023 4/17/2028 4.400% 4.408% 249,875.00 250,710.65 52,356.55 20033A4J2 7/26/2023 7/26/2028 4.450% 4.450% 250,000.00 250,926.13 55,685.96 062119CD2 7/28/2023 7/28/2028 4.500% 4.500% 250,000.00 251,164.43 56,311.64 02589AF64 11/1/2023 11/1/2028 5.000% 5.000% 250,000.00 253,772.53 62,568.49 87165E3V7 11/3/2023 11/3/2028 5.000% 5.000% 250,000.00 253,780.33 62,568.49 795451DH3 12/13/2023 12/13/2028 4.400% 4.400% 250,000.00 250,631.83 55,060.27 58404DTX9 12/22/2023 12/22/2028 4.300% 4.300% 250,000.00 250,141.05 53,808.90 32110YK46 12/28/2023 12/28/2028 4.300% 4.300% 250,000.00 250,137.70 53,808.90 848608FB6 1/31/2024 1/31/2029 3.950% 3.950% 250,000.00 248,074.78 49,429.11 903572GQ2 2/14/2024 2/14/2029 3.950% 3.950% 250,000.00 248,007.15 49,429.11 89235MPR6 6/28/2024 6/28/2029 4.500% 4.500% 250,000.00 251,284.73 56,280.82 Federal Farm Credit Banks: 10.39% 25.00%
3133EPH81 12/8/2023 10/4/2027 4.500% 4.150% 2,024,580.00 2,006,423.32 321,347.99 3133EPW84 1/30/2024 1/18/2029 3.875% 3.930% 2,493,800.00 2,472,209.43 487,370.28 3133EP3B9 2/26/2024 2/13/2029 4.125% 4.200% 1,494,975.00 1,492,484.82 312,052.48 Federal National Mortgage Association: 7.84% 25.00%
31359MGK3 11/21/2025 11/15/2030 6.625% 3.649% 4,537,880.00 4,334,105.12 825,667.89 Federal Home Loan Banks: 6.97% 25.00%
3130AWC24 6/23/2023 6/9/2028 4.000% 3.930% 2,006,180.00 1,989,921.64 391,622.28 3130AOFR6 11/21/2025 12/8/2028 4.000% 3.507% 2,028,220.00 1,984,829.38 216,896.79
25.21% 60.00%
Total City Investments Including Investment Pools 57,851,658.60 100.00% $ 57,059,731.61 12,673,995.98 Restricted for Specific Use
PARS 115 Pension Trust 2,000,000.00 3.34% 20.00% 2,703,647.60 Average weighted maturity of Investments, excluding Investment Pools: 1,521 days Average weighted maturity of Investments, including Investment Pools and Money Market: 1,329 days Average weighted yield of Investments, excluding Investment Pools: 4.106% Average weighted yield of Investments, including Investment Pools and Money Market: 4.067% • Market value of City investments is provided by Wells Fargo Bank 2 8/3/26 , 2:32 PM LAIF Regular Monthly Statement
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
Aug ust 03, 2026
I Air llome
P\tll A \\ crage \.fonthl\ Ytdds
Tran T) µe Definitions
Account Number : 98-30-408
July 2026 Statement
Ef,. . T . Tran C fi ,echve ransact1on T on irm
Date Date ype Number
7/9/2026 7/8/2026 RW 1802058
7/15/2026 7/1 4/2026
7/20/2026 7/1 4/2026
7/28/2026 7/27/2026
QRD 1804247
RW 1804537
RW 1805176
Web
Confirm
Number Authorized Caller
1762760 TREVOR AGRELIUS
NIA SYSTEM
1763000 TREVOR AGRELIUS
1765883 TREVOR AGRELIUS
Account Summa[Y.
Total Deposit 86,59 1.05 Beginning Balance :
Total Withdrawal : -4,500,000 .00 Ending Balance :
https://laifms.treasurer .ca.gov/RegularStatement.aspx
3 Amount
-1 ,500,000 00
86,59 1.05
-1 ,500,000 .00
-1 ,500,000 .00
I 0,721 ,381.54
6,307,972.59
1 /1
PMIA/LAIF Performance Report
as of 08/19/26
Quarterly Performance
Quarter Ended 06/30/26
PMIA Average Monthly
Effective Yields(1l
LAIF Apportionment Rate'
2 l:
LAIF Earnings Ratio!2l:
LAIF Administrative Cost'1l*:
LAIF Fair Value Factor'
1 l:
PMIA Daily!1l:
PMIA Quarter to Date'1l:
PMIA Average Life(1l:
3.92 0.00010743238142967
.22
0.998872382
3.83 3.81
269
July
June
May
April
March
February
Pooled Money Investment Account
Monthly Portfolio Composition (ll
07/31/26
Time
Deposits
$179.8 billion
Corporate
Bonds
0.62%
Loans
Certificates of
Deposit/Bank Notes
10.37%
3.84 3.816
3.810
3.811
3.826
3.871
Treasuries
59.41%
Agencies
20.35%
Chart does not include $722,000.00 in mortgages , wh ich equates to 0.0004%. Percentages may not total 100% due to round ing.
Daily rates are now available here. View PMIA Daily Rates Notes: The apportionment rate includes interest earned on the Co/PERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(l ) .
*The percentage of admin istrative cost equals the total administrative cost divided by the quarterly interest earnings . The Jaw provides that admin istrative 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 f iscal year is below 1 %, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year.
Source:
(l l State of California, Office of the Treasurer
(21 State of California, Office of the Controller
State of California ~~~'\ \NVES1'41~+.,.
~ . ?
Pooled Money Investment Account c:) ~ (") ""' e, .... ... 0 g ~- g Market Valuation
~ ....,
u' ~
~ .... (",, "~',;
r .ltaum\~'(· 7/31/2026
Carrying Cost Plus
Description Accrued Interest Purch.
United States Treasury:
Bills $ 51 ,944,353,052.66
Notes $ 54,889,377,252.10
Federal Agency:
SBA $ 290,811 ,186.01
MBS-REMICs $ 721 ,898.91
Debentures $ 4,521 ,184,405.12
Debentures FR $ -
Debentures CL $ 2 I 450 I 000 I 000 • 00
Discount Notes $ 19,294,884,930.55
Supranational :
Debentures $ 4,087,457,219.68
Debentures FR $ -
Debentures CL $ 300,000,000.00
Discount Notes $ 5,648,485, 180.57
CDs and YCDs FR $ -
Bank Notes $ 500 I 000 I 000 , 00
CDs and YCDs $ 18,150,000,000.00
Commercial Paper $ 10,959,677,300.04
Corporate :
Bonds FR $ -
Bonds $ 1,118,607,227.91
Time Deposits $ 5,422 I 000 I 000 . 00
PMIA & GF Loans $ 235,475 ,543.00
TOTAL $ 179,813,035,196.55
Fair Value Including Accrued Interest
Time Deposits and PMIA & General Fund loans
are carried at portfolio book value (carrying cost).
Amortized Cost
$ 52,445,137,655.53
$ 54,841 ,608,180.01
$ 290,811 ,186.01
$ 721 ,898.91
$ 4,520,409,405.12
$ -
$ 2,450,000,000.00
$ 19,460,190,708.22
$ 4,085,308,608.56
$ -
$ 300 I 000 I 000 • 00
$ 5,697,241 ,180.53
$ -
$ 500 I 000 I 000 , 00
$ 18,150,000,000.00
$ 11 ,054,712,024.98
$ -
$ 1,118,163,832.07
$ 5,422,000,000.00
$ 235,475,543.00
$ 180,571 ,780,222.94
Fair Value
$ 52,446,224,550.00
$ 54,588,013,700.00
$ 288,399,175.48
$ 724,463.82
$ 4,486,472,810.00
$ -
$ 2,428,360,700.00
$ 19,453,432,500.00
$ 4,037,571 ,360.00
$ -
$ 296,197,800.00
$ 5,696,279,100.00
$ -
$ 499,470 ,879.16
$ 18,140,951 ,351 .27
$ 11 ,054,633,750.02
$ -
$ 1,109,931 ,954.00
$ 5,422 I 000 I 000 . 00
$ 235,475 ,543.00
$ 180,184,139,636.75
$ 181 ,077,510,575.03
The value of each participating dollar equals the fair value divided by the amortized cost (0.997853260) As an example : if an agency has an account balance of $20,000,000.00, then the agency would report its participation in the LAIF valued at $19,957,065.21 or $20,000,000.00 x 0.997853260 5 Accrued Interest
NA
$ 563,144,840.50
$ 974,675.51
$ 3,149.22
$ 40,816,141 .60
$ -
$ 23,539,747.50
NA
$ 48,644,740.30
$ -
$ 3,074,500.00
NA
$ -
$ 7,365,361 .12
$ 194,381 ,625.01
NA
$ -
$ 11 ,426,157.52
NA
NA
$ 893,370,938.28
Account Summary uso
Multi-currency Account Net Equity
Wells Fargo Bank, N.A. Account Statement for July 2026
July 01, 2026-July 31, 2026
CITY OF LAGUNA NIGUEL Account 18D83672
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
Income Summary
Classification
Interest
Money Market Mutual Fund Dividends
Cash Activity Summary
Classification
Funds Issued
Money Market Mutual Funds Summary
Classification
Opening Balance
Deposits and Other Additions
Distributions and Other Subtractions
Dividends Reinvested
Change in Value
PAGE 3 OF 8
6,541.44 49,796,757.80 0.00
', ~
A',~-,,:-:~\ ,.,,, ~i
Previous Period
212,708.55
6 CCV Net Equity
CCV Rate
49,803,299.24
1.00000000
Previous Period
45,186.64
50,228,975.78
1,160,187.63
This Period
66,168.66
3,192.74
Previous Period
0.00 USD Net Equity
49,803,299.24
. ~'~9,8,03,299,24
This Period
6,541.44
49,788,208.49
8,549.31
Year-To-Date
1,120,767.74
68,922.37
This Period
(1,259,644.92)
This Period
1,160,187.63
104,813.86
(1,259,644.92)
3,192.74
0.00 Wells Fargo Bank, N.A. Account Statement for July 2026 July 01, 2026-July 31, 2026
Holdings uso
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
PAGE 4 OF 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 1,160, 187.63000
8,549.31000
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
1,160,187.63
8,549.31
•.1;16(), 187.~3:
• :s:~49 .. ~1
Market Price
Market Value
100.1938
1,001,938.48
100.4972
251,242.90
100.4507
251,126.75
100.3212
2,006,423.32
100.5323
251,330.63
100.4718
251,179.40
100.2503
250,625.83
100.2843
250,710.65
99.4961
1,989,921.64
100.3705
250,926.13
100.4658
251,164.43
100.6719
1,006,718.75
101.5090
253,772.53
101.5121
253,780.33
100.0820
2,001,640.62
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 July 2026
July 01, 2026-July 31, 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
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
99.2415 0.00
1,984,829.38
100.2527 0.00
250,631.83
100.0564 0.00
250,141.05
100.0551 0.00
250,137.70
98.8884 0.00
2,472,209.43
99.2299 0.00
248,074.78
99.4990 0.00
1,492,484.82
99.2029 0.00
248,007.15
99.4297 0.00
1,491,445.32
100.5139 0.00
251,284.73
96.4531 0.00
964,531.25
97.4375 0.00
974,375.00
99.1836 0.00
991,835.94
100.0508 0.00
1,000,507.81
96.8672 0.00
1,453,007.82
98.8477 0.00
3,953,906.24
108.3526 0.00
4,334,105.12
97.5855 0.00
1,951,710.20
100.0195 0.00
1,000,195.31
Holdings continued on next page ➔
Wells Fargo Bank, N.A. Account Statement for July 2026
July 01, 2026-July 31, 2026
Holdings USD Continued
Fixed Income - Long Positions Continued
Security ID Description
91282CFV8 UNITED STATES TREASURY NOTE
91282CJJ1 UNITED STATES TREASURY NOTE
91282CKQ3 UNITED STATES TREASURY NOTE
91282CLF6 UNITED STATES TREASURY NOTE
91282CLW9 UNITED STATES TREASURY NOTE
91282CMM0 UNITED STATES TREASURY NOTE
91282CNC1 UNITED STATES TREASURY NOTE
CITY OF LAGUNA NIGUEL Account 18D83672
Account Type
CASH
CASH
CASH
CASH
CASH
CASH
CASH
Maturity Date
Coupon Rate
11/15/2032
4.125000000000
11/15/2033
4.500000000000
05/15/2034
4.375000000000
08/15/2034
3.875000000000
11/15/2034
4.250000000000
02/15/2035
4.625000000000
05/15/2035
4.250000000000
Quantity
Current Face
2,000,000.00
2,000,000.00
1,500,000.00
1,500,000.00
1,000,000.00
1,000,000.00
2,000,000.00
2,000,000.00
4,000,000.00
4,000,000.00
3,000,000.00
3,000,000.00
500,000.00
500,000.00
:r,s:0;000,000;00 . z, .. ,.,
'.\so;ooo~ooo~oo\·,, •n,. ,,; "
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
07/08/2026 Interest
07/17/2026 Interest
07/20/2026 Interest
07/22/2026 Interest
07/27/2026 Interest
07/27/2026 Interest
Description Security ID Quantity
CELTIC BANK INTEREST BEARING 15118RM38 0.00
UINTA BANK INTEREST BEARING 903572GQ2 0.00
FEDERAL FARM CREDIT BANK 3133EPW84 0.00
MEDALLION BANK UTAH INTEREST 58404DTX9 0.00
COMENITY CAPITAL BANK INTEREST 20033A4J2 0.00
CENTIER BANK INTEREST BEARING 15140RCY3 0.00
Market Price
Market Value
97.8711
1,957,421.88
99.2695
1,489,042.97
98.4453
984,453.13
94.9922
1,899,843.76
97.3203
3,892,812.52
99.7891
2,993,671.89
97.0078
485,039.07
Credit
945.21
811.64
48,437.50
883.56
914.38
5,826.71
Quantity Pledged
0.00 0.00
0.00 0.00
0.00 0.00
0.00 Debit
Transactions continued on next page ➔
PAGE 6 OF 8 9
Transactions uso Continued
Interest Continued
Transaction
Date
07/28/2026
07/29/2026
07/31/2026
07/31/2026
Tota.,
Transaction
Interest
Interest
Interest
Interest
Funds Paid and Received
Transaction
Date
07/02/2026
07/28/2026
Total·,·.
Transaction
DESIGNATED DDA
DESIGNATED DDA
Money Market Mutual Fund Activity
Transaction
Date
Bf!ginni.n·g.
Balan~e/·
07/01/2026
07/01/2026
07/01/2026
07/02/2026
07/09/2026
07/20/2026
07/21/2026
07/23/2026
07/28/2026
07/28/2026
PAGE 7 OF 8
Wells Fargo Bank, N.A. Account Statement for July 2026
July 01, 2026-July 31, 2026
CITY OF LAGUNA NIGUEL Account 18D83672
Description Security ID
BANK FIVE NINE INTEREST 062119CD2
FIRST NATL BK OF AMERICA 32110YK46
SPIRITBANK NA INTEREST BEARING 848608FB6
STATE BANK INDIA INTEREST 8562834C7
Description
DESIGNATED DDA
DESIGNATED DDA
Fund Ticker
JPMorgan 100% UST C 3163 CJTXX
Activity Shares
45, 186.64000
Reinvest Dividend 3, 192.74000
Redemption (700,000.00000)
Purchase 945.21000
Purchase 811.64000
Purchase 48,437.50000
Purchase 883.56000
Redemptions (559,644.92000)
Purchase 6,741.09000
10 Quantity
0.00 0.00
0.00 0.00
7 day simple
yield
3.59 Dividend Amount
3,192.74
Credit Debit
924.66
883.56
838.70
5,702.74
Credit Debit
(700,000.00)
(559,644.92)
Beginning Price Ending Price
1.0000 1.0000
Market Value Share Balance
• • ~1;160;~87\63, • ?· :1!,s~'.~·sz •. ~~~~o
'"~::·:: > -, ,. -,:,.__. /.<~ >)', > \' • ' /;",~ . .:-::;', 1,160, 187.63000
45,186.64 1,205,374.27000
3,192.74 1,208,567.01000
(700,000.00) 508,567.01000
945.21 509,512.22000
811.64 510,323.86000
48,437.50 558,761.36000
883.56 559,644.92000
(559,644.92) 0.00
6,741.09 6, 7 41.09000
Transactions continued on next page ➔
Transactions uso Continued
Wells Fargo Bank, N.A. Account Statement for July 2026
July 01, 2026~July 31, 2026
CITY OF LAGUNA NIGUEL Account 18D83672
Money Market Mutual Fund Activity Continued
Transaction
Date
07/29/2026
07/30/2026
Ending ,
Balance':··.·
Activity
Purchase
Purchase
Shares Dividend Amount
924.66000
883.56000
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
924.66 7,665.75000
883.56 8,549.31000
CITY OF LAGUNA NIGUEL
PUBLIC AGENC Y
RETI REMEN T SERV ICES
PARS Post-Employm ent Benefit s Trust
Tamara Letourneau
City Manager
City of Laguna Niguel
30111 Crow n Valley Parkway
Laguna Niguel, CA 92677
Account Summ ary
Source
PENSION
Tota ls
Inve stment Selection
Source
PENSION Mode rate - Index
Investment Obje ctive
Source
Balance as of
7/1/2026
$2,726,879.08
$2,726,879 0 8
Contrib utions
$0.00
$0.00
Earnings
-$21,889.66
-$21,889.66
Expenses
$1,341.82
$1 ,341 .82
Acco unt Report for the Period
7/ 1/ 2026 to 7/ 31 / 2026
Distrib utions Transfers
$0.00 $0.00
$0 .00 $0.00
Balance as of
7/ 31/2026
$2,703,647.60
$2,703 ,647.60
PENSION
The dua l goa ls of the Modera te Strategy are growth of prin cipal and income. It is expec ted that dividend and interest income w ill compri se a significan t port ion of total return, althoug h growth through capi tal apprecia tion is equa lly import ant. The portfo lio Investment Return
Source 1-Month 3-Months
PENSION -0.80% 1.48%
will be allocated between equ ity and fixed income investments. 1-Year 3-Years
12.02% 10.67%
Annu alized Return
5-Years
4.85%
10 -Years
Information as provided by US Bank. Trustee for P/\RS Not FDIC Insured: No Bank Guarantee : May Lose Value Plan's Inception Date
5/26/2020
Past performance does not guarantee futur e results. Performance returns may not reflect the deduction of applicable fees, which could reduce returns Information 1s deemed reliable but may be subject to change Investment Return· Annual17ed rate of return 1s the return on an investment over a penod other than one year multtplted or divided to give a comparable one-year return /\ccount balances are 1nclus1ve of Trust Adm1rnstrat1on, Trustee and Investment Management fees Headquarters• 4350 Von Karman Ave. Su,te 100. Newport Beach. CA 92660 800 540 .6369 Fax 949 .250 .1250 www pars.org 12