CITY OF
LONG
March 15, 2022
HONORABLE MAYOR AND CITY COUNCIL
City of Long Beach
California
RECOMMENDATION:
Department of Financial Management
411 West Ocean Boulevard, 6th Floor
Long Beach, CA 90802
562 570-6425
C-4
Receive and file the Investment Report for Quarter Ending December 31, 2021. (Citywide)
DISCUSSION
The City of Long Beach (City) Treasurer's Office in the Financial Management Department invests the funds in compliance with the California Government Code, Section 53600 et. seq., and the City's Investment Policy. As of December 31, 2021, these funds had a book value of approximately $1.932 billion.
Statutory Compliance
All investment transactions have been executed in conformance with the City's Investment Policy and the California Government Code. The Investment Advisory Committee, composed of the Assistant City Auditor, Deputy City Attorney, City Treasurer, City Controller, and designated representatives from the Harbor and Water Departments, meets quarterly, or as needed, to review investment policies, strategies, and performance. All portfolio transactions as of December 31, 2021, can be found in the Investment Trading Activity (Attachment A).
Investment Strategies
The Investment Policy divides the City's investment portfolio into short-maturity, intermediate maturity, and long-maturity portfolios. Their respective benchmarks are the Three-Month Treasury Bill Index, the ICE Bank of America Merrill Lynch (BAML) One-to-Three Year US Treasury/Agency, and the ICE Bank of America Merrill Lynch (BAML) One-to-Five Year US Treasury/ Agency.
The short-maturity portfolio maintains a weighted average maturity of three to six months and provides sufficient liquidity to satisfy the City's short-term cash needs. The intermediate maturity portfolio maintains a weighted average maturity of approximately one to three years and provides for the cash needs with maturities greater than six months. The long-maturity portfolio maintains a weighted average maturity of one to five years to satisfy the City's longer term cash needs.
The City's cash management goals are to maintain and preserve the safety of funds in custody and provide adequate liquidity for anticipated expenditure needs. Approximately $821. 71 million of the total investment pool, or approximately 42.58 percent of the funds, will mature in the next six months, ensuring that sufficient funds are available to meet the City's liquidity needs.
HONORABLE MAYOR AND CITY COUNCIL
March 15, 2022
Investment Position and Performance
The following table summarizes the City's investment pool position and performance for the quarter ending December 31, 2021:
INVESTMENT VALUE INVESTMENT PERFORMANCE 4
As of December 31, 2021 As of December 31, 2021
Portfolio Book Market Unrealized
Value 1 Value 1 Gain/(Loss) 2
Quarterly Portfolio Quarterly Last 12 Months
Benchmark Portfolio Total Return3
Total Return Total Return5
Short- Maturity $446,765,713 $446,711,292 ($54,420) 0.03% 0.01% 0.24% Intermediate- $792,867,295 $788,302,350 Maturity ($4,564,945) -0.42% -0.53% -0.49% Long- Maturity $469,503,755 $472,305,986 $2,802,230 -0.62% -0.68% -1.01% Total $1,709,136,763 $1,707,319,628 ($1,817,135) Investments -0.36% -0.43% -0.50% Total Cash $222,542,186 $222,542,186
Total Cash
and $1,931,678,949 $1,929,861,814
Investments
1) Book value is the initial value/outlay for an investment at the time of purchase (as much as five years ago) and still held in the portfolios, while market value represents the value at a point in time based on current market conditions. 2) Unrealized Gain/(Loss) is the difference between book and market value. It is inversely related to the change in interest rates. As interest rates rise or fall, the value of fixed-income assets moves in the opposite direction. Typically, investments are held to maturity, and therefore, gains/losses are rarely realized.
3) Total return is a performance measurement metric that reflects the portfolio's overall value for this three-month period, if liquidated, including income and realized and unrealized gains and losses. 4) Investment Performance - Portfolio Total Return numbers are calculated as a weighted average. 5) Last 12 months Portfolio Total Return is a performance measurement metric that reflects a rolling 12-month return, which includes income and both realized and unrealized gains/(losses)
The quarter ending December 31, 2021 experienced rising market interest rates after a prolonged period of stable and historically low levels which caused the investment value to decline on a mark-to-market basis, resulting in an unrealized loss of $1.82 million from the prior quarter's unrealized gains of $8.14 million for securities purchased in the last five years and still held, with quarterly total return of -0.36 percent for the three months ended December 31, 2021, which was seven basis points (0.07 percent) better than the benchmark. Generally, there will be no actual realized loss since securities are typically held to maturity. Over the preceding 12 months, the investment portfolio generated an annualized total return of -0.50 percent.
Investment portfolio holdings as of December 31, 2021, are included in Attachment B.
This matter was reviewed by Deputy City Attorney Taylor M. Anderson and Revenue Management Officer Geraldine Alejo on February 17, 2022.
TIMING CONSIDERATIONS
City Council action on this item is not time critical.
HONORABLE MAYOR AND CITY COUNCIL
March 15, 2022
FISCAL IMPACT
This recommendation has no staffing impact beyond the normal budgeted scope of duties and is consistent with existing City Council priorities. There is no fiscal or local job impact associated with this recommendation.
SUGGESTED ACTION:
Approve Recommendation.
Respectfully submitted,
/~~
KEVIN RIPER
DIRECTOR OF FINANCIAL MANAGEMENT
ATTACHMENTS: A - CITY OF LONG BEACH INVESTMENT TRADING ACTIVITY
B - CITY OF LONG BEACH INVESTMENT PORTFOLIO HOLDINGS
APPROVED:
THOMAS B. MODICA
CITY MANAGER
CITY OF LONG BEACH INVESTMENT TRADING ACTIVITY
OCTOBER 1, 2021- DECEMBER 31, 2021
Fund Inv# Cusip Number Issuer Coupon(%) Par Value($)
SECURITY PURCHASES
97 15828 912796J59 USTR 0.050 45,000,000
98 15827 89114TZG0 TORBNK 1.250 5,000,000
98 15829 24422EVW6 JDEERE 1.300 3,500,000
97 15836 912796P86 USTR 0.060 60,000,000
97 15837 912796028 USTR 0.086 25,000,000
97 15838 91282CAX9 USTR 0.125 25,000,000
97 15839 912796R76 USTR 0.003 45,000,000
98 15830 74153WCQ0 PRICOA 1.150 3,000,000
98 15840 91282CDQ1 USTR 1.250 10,000,000
TOTAL SECURITY PURCHASES 221,500,000
SECURITY MATURITIES
99 15413 3135G0Q89 FNMA 1.375 10,000,000
97 15820 912796G78 USTR 0.045 25,000,000
97 15825 912796G78 USTR 0.053 30,000,000
98 15428 912828T67 USTR 1.250 8,400,000
99 15721 912828YP9 USTR 1.500 5,000,000
99 15732 912828YP9 USTR 1.500 10,000,000
97 15821 9127964W6 USTR 0.050 25,000,000
99 15567 9128285L0 USTR 2.875 10,000,000
99 15637 912828G53 USTR 1.875 10,000,000
97 15828 912796J59 USTR 0.050 45,000,000
97 15836 912796P86 USTR 0.060 60,000,000
98 15434 912828U81 USTR 2.000 9,000,000
99 15639 912828U81 USTR 2.000 10,000,000
TOTAL SECURITY MATURITIES .. 257,400,000
SECURITY SALES AND CALLS
- . - - - - - - . . . -
TOTAL SECURITY SALES AND CALLS -
ATTACHMENT A
Purchase Date Maturity Date Redemption Date
11/17/2021 12/09/2021 . -
11/03/2021 09/10/2026 - .
11/29/2021 10/13/2026 - .
12/08/2021 12/28/2021 - .
12/13/2021 05/12/2022 - -
12/14/2021 11/30/2022 - -
12/30/2021 02/08/2022 - .
12/08/2021 12/06/2024 - -
12/31/2021 12/31/2026 - .
. '. · .. ..
10/11/2016 10/07/2021 - .
08/23/2021 10/28/2021 - .
09/30/2021 10/28/2021 - .
12/13/2016 10/31/2021 - -
05/29/2020 10/31/2021 - -
06/09/2020 10/31/2021 . -
08/23/2021 11/04/2021 - -
12/13/2018 11/15/2021 - .
08/26/2019 11/30/2021 - .
11/17/2021 12/09/2021 . .
12/08/2021 12/28/2021 - -
01/26/2017 12/31/2021 . -
08/26/2019 12/31/2021 - -
. - - . - -
Inv# Security CUSIP
Description Number
SHORT MATURITY (97)
8083 CALIF LAIFGF
8084 CALIF LAIFHD
8086 CALIF LAIFWD
15791 USTR 912828W55
15792 USTR 9128282G8
15793 USTR 912828X47
15838 USTR 91282CAX9
15815 USTR 912796H44
15816 USTR 912796J42
15817 USTR 912796K57
15837 USTR 912796028
15839 USTR 912796R76
TOTAL SHORT MATURITY
INTERMEDIATE MATURITY (99)
15640 FHLB 313379069
15655 FHLB 313380GJ0
15656 FHLB 313380GJ0
15713 FHLMC 3137EAER6
15632 USTR 912828V72
15634 USTR 912828XR6
15638 USTR 9128287C8
15648 USTR 9128286M7
15654 USTR 912828W55
15671 USTR 912828W89
15672 USTR 912828YA2
15675 USTR 912828X47
15680 USTR 912828XR6
15686 USTR 912828YF1
15690 USTR 912828YK0
15698 USTR 912828YK0
15699 USTR 912828286
15705 USTR 9128287C8
15706 USTR 9128286U9
15712 USTR 912828229
15730 USTR 912828229
15731 USTR 9128282R4
15757 USTR 91282CBD2
15758 USTR 91282CBE0
15759 USTR 912828YE4
15760 USTR 9128282F0
15761 USTR 91282CAB7
15765 USTR 91282CBA8
15766 USTR 912828XT2
15767 USTR 9128282TO
15770 USTR 912828S35
15771 USTR 91282CAP6
15772 USTR 91282CBM2
15773 USTR 91282CAZ4
15777 USTR 91282CBR1
15778 USTR 91282CAM3
15782 USTR 91282CBV2
15783 USTR 912828YM6
15784 USTR 9128282T0
15785 USTR 91282CAZ4
15794 USTR 91282CBN0
15795 USTR 91282CBX8
15796 USTR 9128282P8
15797 USTR 9128286R6
15798 USTR 91282CAM3
15799 USTR 91282CBH3
15800 USTR 91282CBW0
15804 USTR 91282CAX9
15805 USTR 912828286
15806 USTR 91282CBU4
15807 USTR 91282CAF8
15808 USTR 91282CAK7
15809 USTR 91282CCG4
15779 USTR 912796C31
TOTAL INTERMEDIATE MATURITY
LONG MATURITY (98)
CITY OF LONG BEACH INVESTMENT PORTFOLIO HOLDINGS
AS OF DECEMBER 31, 2021
S&P Coupon Par Value($) Book Value ($) Market Value Trade Date Rating• Rate(%) ($) A - - 73,877,524 73,877,524 73,877,524 -
A - - 73,881,272 73,881,272 73,881,272 -
A - - 73,878,497 73,878,497 73,878,497 -
AAA 1.875 20,000,000 20,057,933 20,056,000 5/5/2021
AAA 0.375 20,000,000 20,015,639 20,014,000 5/5/2021
AAA 1.875 20,000,000 20,118,088 20,114,000 5/5/2021
AAA 0.125 25,000,000 24,964,143 24,942,500 12/13/2021
AAA 0.053 25,000,000 24,994,878 24,990,000 7/20/2021
AAA 0.060 25,000,000 24,993,063 24,985,000 7/20/2021
AAA 0.068 20,000,000 19,992,617 19,980,000 7/20/2021
AAA 0.086 25,000,000 24,992,176 24,992,500 12/10/2021
AAA 0.003 45,000,000 44,999,881 45,000,000 12/29/2021
446,637,292 446,765,713 446,711,292
AA+ 2.125 10,000,000 10,026,659 10,082,000 8/23/2019
AA+ 2.000 7,500,000 7,519,320 7,590,000 9/27/2019
AA+ 2.000 5,000,000 5,012,880 5,060,000 9/27/2019
AA+ 0.375 10,000,000 10,011,302 9,978,000 5/8/2020
AAA 1.875 20,000,000 20,000,512 20,028,000 7/30/2019
AAA 1.750 10,000,000 9,996,943 10,065,000 7/30/2019
AAA 1.750 10,000,000 10,015,972 10,080,000 8/23/2019
AAA 2.250 12,500,000 12,520,204 12,575,000 9/20/2019
AAA 1.875 15,000,000 15,006,165 15,042,000 9/27/2019
AAA 1.875 20,000,000 20,011,465 20,086,000 12/6/2019
AAA 1.500 20,000,000 19,983,965 20,154,000 12/6/2019
AAA 1.875 15,000,000 15,009,915 15,085,500 12/23/2019
AAA 1.750 15,000,000 15,009,766 15,097,500 12/30/2019
AAA 1.500 7,500,000 7,499,143 7,564,500 1/22/2020
AAA 1.375 7,500,000 7,501,702 7,560,750 1/30/2020
AAA 1.375 7,500,000 7,516,641 7,560,750 2/27/2020
AAA 1.375 10,000,000 10,030,759 10,104,000 2/27/2020
AAA 1.750 15,000,000 15,122,799 15,120,000 4/17/2020
AAA 2.125 10,000,000 10,069,884 10,072,000 4/17/2020
AAA 1.500 10,000,000 10,137,159 10,109,000 5/8/2020
AAA 1.500 7,500,000 7,596,192 7,581,750 6/8/2020
AAA 0.125 15,000,000 14,994,027 14,997,000 6/8/2020
AAA 0.125 10,000,000 10,000,609 9,969,000 1/28/2021
AAA 0.125 15,000,000 14,982,256 14,811,000 1/28/2021
AAA 1.250 15,000,000 15,396,906 15,138,000 1/28/2021
AAA 0.500 15,000,000 15,085,766 14,751,000 1/28/2021
AAA 0.250 15,000,000 14,939,908 14,550,000 1/28/2021
AAA 0.125 10,000,000 9,991,935 9,885,000 2/11/2021
AAA 2.000 12,500,000 13,035,933 12,843,750 2/11/2021
AAA 0.250 12,500,000 12,455,795 12,158,750 2/11/2021
AAA 1.375 10,000,000 10,174,937 10,119,000 3/4/2021
AAA 0.125 12,000,000 11,974,894 11,880,000 3/4/2021
AAA 0.125 12,000,000 11,955,475 11,844,000 3/4/2021
AAA 0.375 12,000,000 11,838,634 11,637,600 3/4/2021
AAA 0.250 15,000,000 14,978,210 14,821,500 3/29/2021
AAA 0.250 15,000,000 14,715,920 14,526,000 3/29/2021
AAA 0.375 10,000,000 10,007,845 9,900,000 4/29/2021
AAA 1.500 10,000,000 10,287,152 10,157,000 4/29/2021
AAA 0.250 5,000,000 4,933,288 4,863,500 4/29/2021
AAA 0.375 5,000,000 4,923,018 4,849,000 4/29/2021
AAA 0.125 25,000,000 24,995,016 24,897,500 5/5/2021
AAA 0.125 30,000,000 29,987,465 29,841,000 5/5/2021
AAA 0.125 30,000,000 29,985,757 29,829,000 5/5/2021
AAA 2.250 25,000,000 26,120,986 25,817,500 5/5/2021
AAA 0.250 20,000,000 19,693,598 19,368,000 5/5/2021
AAA 0.375 20,000,000 19,699,873 19,348,000 5/5/2021
AAA 0.750 20,000,000 19,962,697 19,604,000 5/5/2021
AAA 0.125 30,000,000 30,006,577 29,931,000 6/11/2021
AAA 1.375 15,000,000 15,211,139 15,156,000 6/11/2021
AAA 0.125 30,000,000 29,995,126 29,862,000 6/11/2021
AAA 0.125 30,000,000 29,979,013 29,754,000 6/11/2021
AAA 0.125 20,000,000 19,980,515 19,818,000 6/11/2021
AAA 0.250 15,000,000 14,977,965 14,779,500 6/11/2021
AAA 0.040 10,000,000 9,999,711 10,000,000 3/30/2021
791,000,000 792,867,295 788,302,350
ATTACHMENT B
Settlement Maturity Date Date
-
- - -- - - -
5/6/2021 2/28/2022
5/6/2021 3/31/2022
5/6/2021 4/30/2022
12/14/2021 11/30/2022
7/21/2021 5/19/2022
7/21/2021 6/16/2022
7/21/2021 7/14/2022
12/13/2021 5/12/2022
12/30/2021 2/8/2022
8/26/2019 6/10/2022
9/30/2019 9/9/2022
9/30/2019 9/9/2022
5/11/2020 5/5/2023
7/31/2019 1/31/2022
7/31/2019 5/31/2022
8/26/2019 7/15/2022
9/23/2019 4/15/2022
9/30/2019 2/28/2022
12/9/2019 3/31/2022
12/9/2019 8/15/2022
12/24/2019 4/30/2022
12/31/2019 5/31/2022
1/23/2020 9/15/2022
1/31/2020 10/15/2022
2/28/2020 10/15/2022
2/28/2020 2/15/2023
4/20/2020 7/15/2022
4/20/2020 5/15/2022
5/11/2020 1/15/2023
6/9/2020 1/15/2023
6/9/2020 5/31/2022
1/29/2021 12/31/2022
1/29/2021 1/15/2024
1/29/2021 8/31/2024
1/29/2021 3/31/2025
1/29/2021 7/31/2025
2/12/2021 12/15/2023
2/12/2021 5/31/2024
2/12/2021 5/31/2025
3/5/2021 6/30/2023
3/5/2021 10/15/2023
3/5/2021 2/15/2024
3/5/2021 11/30/2025
3/30/2021 3/15/2024
3/30/2021 9/30/2025
4/30/2021 4/15/2024
4/30/2021 10/31/2024
4/30/2021 5/31/2025
4/30/2021 11/30/2025
5/6/2021 2/28/2023
5/6/2021 4/30/2023
5/6/2021 5/15/2023
5/6/2021 4/30/2024
5/6/2021 9/30/2025
5/6/2021 1/31/2026
5/6/2021 4/30/2026
6/14/2021 11/30/2022
6/14/2021 2/15/2023
6/14/2021 3/31/2023
6/14/2021 8/15/2023
6/14/2021 9/15/2023
6/15/2021 6/15/2024
3/31/2021 1/27/2022
Inv# Security CUSIP
Description Number
15430 FEDER VP6000104
15642 FFCB 3133EKWV4
15443 FHLB 313378CR0
15446 FHLB 313379069
15518 FHLB 3130ADRG9
15530 FHLB 313383QR5
15548 FHLB 313383YJ4
15577 FHLB 3130A0F70
15612 FHLB 3130A1XJ2
15616 FHLB 3130A1XJ2
15651 FHLB 3130A2UW4
15659 FHLB 3130A2UW4
15534 FHLMC 3137EAEN5
15693 FHLMC 3137EAEP0
15714 FHLMC 3137EAER6
15739 FHLMC 3137EAEU9
15744 FHLMC 3137EAEX3
15750 FHLMC 3137EAEX3
15433 FNMA 3135G0S38
15442 FNMA 3135G0T45
15496 FNMA 3135G0T78
15501 FNMA 3135G0T94
15512 FNMA 3135G0T94
15539 FNMA 3135G0U43
15585 FNMA 3135G0V34
15682 FNMA 3135G0X24
15708 FNMA 3135G03U5
15724 FNMA 3135G03U5
15734 FNMA 3135G04Z3
15740 FNMA 3135G05X7
15754 FNMA 3135G06G3
15438 USTR 912828J43
15469 USTR 9128282P4
15478 USTR 912828L57
15497 USTR 912828M80
15498 USTR 912828L57
15519 USTR 912828409
15560 USTR 9128285K2
15591 USTR 912828W48
15593 USTR 912828W71
15610 USTR 912828WJ5
15615 USTR 912828X70
15660 USTR 912828YH7
15663 USTR 9128282N9
15677 USTR 912828YV6
15702 USTR 912828ZC7
15725 USTR 912828ZT0
15756 USTR 91282CBC4
15763 USTR 91282CBC4
15769 USTR 91282CBH3
15776 USTR 91282CBQ3
15787 USTR 91282CBT7
15811 USTR 91282CCF6
15819 USTR 91282CCP4
15824 USTR 91282CCW9
15826 USTR 91282CCX7
15840 USTR 91282CDQ1
15823 APPLE 037833DT4
CITY OF LONG BEACH INVESTMENT PORTFOLIO HOLDINGS
AS OF DECEMBER 31, 2021
S&P Coupon Par Value ($) Book Value ($) Market Value Trade Date Rating• Rate(%) ($) M+ - - 4,111,855 4,111,855 4,111,855 - -
M+ 1.850 7,000,000 7,070,173 7,204,400 8/28/2019
M+ 2.250 5,000,000 5,004,037 5,020,500 6/5/2017
M+ 2.125 7,500,000 7,507,997 7,561,500 6/21/2017
M+ 2.750 5,000,000 4,998,040 5,132,000 4/17/2018
M+ 3.250 4,000,000 4,018,819 4,154,000 6/7/2018
M+ 3.375 5,950,000 5,969,344 6,221,320 10/22/2018
M+ 3.375 10,000,000 10,109,852 10,506,000 1/22/2019
M+ 2.875 5,400,000 5,515,670 5,661,900 6/18/2019
M+ 2.875 5,000,000 5,110,001 5,242,500 7/11/2019
M+ 2.875 6,600,000 6,801,969 6,935,940 9/25/2019
M+ 2.875 3,400,000 3,503,761 3,573,060 10/21/2019
M+ 2.750 8,000,000 7,988,647 8,251,200 7/17/2018
M+ 1.500 10,220,000 10,215,094 10,367,168 2/13/2020
M+ 0.375 7,470,000 7,468,591 7,453,566 5/5/2020
M+ 0.375 6,170,000 6,148,126 6,013,282 7/21/2020
M+ 0.375 9,780,000 9,758,028 9,514,962 9/23/2020
M+ 0.375 6,000,000 5,980,302 5,837,400 10/27/2020
M+ 2.000 11,500,000 11,499,970 11,501,150 1/11/2017
M+ 1.875 10,000,000 9,997,170 10,040,000 5/5/2017
M+ 2.000 12,000,000 11,972,479 12,152,400 12/20/2017
M+ 2.375 6,000,000 5,979,795 6,123,000 3/8/2018
M+ 2.375 5,000,000 4,981,241 5,102,500 3/19/2018
M+ 2.875 7,200,000 7,190,800 7,465,680 9/13/2018
M+ 2.500 11,200,000 11,174,614 11,596,480 2/21/2019
M+ 1.625 11,300,000 11,282,455 11,504,530 1/17/2020
M+ 0.625 5,570,000 5,562,399 5,493,134 4/22/2020
M+ 0.625 5,000,000 5,012,947 4,931,000 6/4/2020
M+ 0.500 10,120,000 10,105,483 9,918,612 6/17/2020
M+ 0.375 9,745,000 9,711,670 9,478,962 8/25/2020
M+ 0.500 10,530,000 10,500,892 10,274,121 11/9/2020
MA 1.750 6,000,000 5,996,441 6,015,600 3/15/2017
MA 1.875 9,700,000 9,709,420 9,791,180 9/11/2017
MA 1.750 6,200,000 6,188,881 6,266,340 10/18/2017
MA 2.000 9,000,000 8,974,387 9,130,500 1/16/2018
MA 1.750 2,800,000 2,788,738 2,829,960 1/16/2018
MA 2.500 5,000,000 4,980,034 5,123,500 5/23/2018
MA 2.875 8,800,000 8,802,301 9,146,720 11/29/2018
MA 2.125 11,300,000 11,253,162 11,624,310 4/3/2019
MA 2.125 11,000,000 10,936,309 11,321,200 4/17/2019
MA 2.500 10,000,000 10,134,030 10,388,000 6/10/2019
MA 2.000 5,750,000 5,769,484 5,905,825 7/11/2019
MA 1.500 7,250,000 7,234,735 7,364,550 10/21/2019'
MA 2.125 10,500,000 10,595,582 10,833,900 11/12/2019
MA 1.500 10,000,000 9,937,450 10,157,000 12/12/2019
MA 1.125 6,000,000 6,114,285 6,021,000 3/24/2020
MA 0.250 5,000,000 4,975,811 4,863,500 6/4/2020
MA 0.375 6,000,000 5,999,438 5,815,800 12/30/2020
MA 0.375 8,000,000 7,988,067 7,754,400 1/28/2021
MA 0.375 10,000,000 9,927,519 9,674,000 2/16/2021
MA 0.500 11700000 11,546,969 11,367,720 3/24/2021
MA 0.750 10,000,000 9,955,188 9,810,000 4/28/2021
MA 0.750 5,000,000 4,969,719 4,897,500 6/17/2021
MA 0.625 10,000,000 9,914,668 9,724,000 8/12/2021
MA 0.750 5,000,000 4,975,367 4,888,000 9/17/2021
MA 0.375 5,000,000 4,978,642 4,929,500 9/29/2021
MA 1.250 10,000,000 9,987,116 9,989,000 12/30/2021
M+ 1.125 3,120,000 3,150,524 3,110,328 9/16/2021
ATTACHMENT B
Settlement Maturity Date Date
- - - -
8/29/2019 7/26/2024
6/6/2017 3/11/2022
6/22/2017 6/10/2022
4/18/2018 3/10/2023
6/11/2018 6/9/2023
10/23/2018 9/8/2023
1/23/2019 12/8/2023
6/20/2019 6/14/2024
7/12/2019 6/14/2024
9/26/2019 9/13/2024
10/22/2019 9/13/2024
7/18/2018 6/19/2023
2/14/2020 2/12/2025
5/7/2020 5/5/2023
7/23/2020 7/21/2025
9/25/2020 9/23/2025
10/28/2020 9/23/2025
1/12/2017 1/5/2022
5/8/2017 4/5/2022
12/21/2017 10/5/2022
3/9/2018 1/19/2023
3/20/2018 1/19/2023
9/14/2018 9/12/2023
2/22/2019 2/5/2024
1/21/2020 1/7/2025
4/24/2020 4/22/2025
6/5/2020 4/22/2025
6/19/2020 6/17/2025
8/27/2020 8/25/2025
11/12/2020 11/7/2025
3/16/2017 2/28/2022
9/12/2017 7/31/2022
10/19/2017 9/30/2022
1/17/2018 11/30/2022
1/17/2018 9/30/2022
5/24/2018 3/31/2023
11/30/2018 10/31/2023
4/4/2019 2/29/2024
4/18/2019 3/31/2024
6/11/2019 5/15/2024
7/12/2019 4/30/2024
10/22/2019 9/30/2024
11/13/2019 7/31/2024
12/13/2019 11/30/2024
3/25/2020 2/28/2025
6/5/2020 5/31/2025
12/31/2020 12/31/2025
1/29/2021 12/31/2025
2/18/2021 1/31/2026
3/25/2021 2/28/2026
4/29/2021 3/31/2026
6/18/2021 5/31/2026
8/13/2021 7/31/2026
9/20/2021 8/31/2026
9/30/2021 9/15/2024
12/31/2021 12/31/2026
9/20/2021 5/11/2025
Inv# Security CUSIP
Description Number
15803 BOA 06051GJG5
15829 JDEERE 24422EVW6
15802 JPM 46647PBK1
15818 MICRSF 594918BJ2
15830 PRICOA 74153WCQ0
15813 SFORCE 79466LAG9
15827 TORBNK 89114TZG0
15812 TOYOTA 89236TJK2
15822 WMART 931142ER0
TOTAL LONG MATURITY*
IToTAL INVESTMENTS
CASH
CASHBO CASHBA CASHBOA
CASHUB CASHUB CASHUBOC
TOTAL CASH
IToT AL CASH AND INVESTMENTS
CITY OF LONG BEACH INVESTMENT PORTFOLIO HOLDINGS
AS OF DECEMBER 31, 2021
S&P Coupon Par Value($) Book Value ($) Market Value Trade Date Rating• Rate(%) ($) A-1 0.981 3,500,000 3,508,211 3,457,650 5/19/2021
A 1.300 3,500,000 3,447,812 3,464,650 11/24/2021
A-1 2.083 3,500,000 3,611,421 3,559,710 5/19/2021
AAA 3.125 3,500,000 3,794,571 3,733,450 7/27/2021
AA- 1.150 3,000,000 2,996,976 2,994,600 12/1/2021
A+ 0.625 945,000 944,593 936,212 6/29/2021
A 1.250 5,000,000 4,917,790 4,912,500 11/1/2021
A+ 1.125 5,060,000 5,058,012 4,983,088 6/15/2021
AA 1.050 1,190,000 1,187,881 1,176,672 9/8/2021
469,081,855 469,503,755 472,305,986
1,706,719,147 I 1,709,136,7631 1,101,319,628 I
319,666 319,666 319,666
222,222,520 222,222,520 222,222,520
222,542,186 222,542,186 222,542,186
1,929,261,333 I 1,931,678,949 I 1,929,861,814 I
Settlement
Date
5/21/2021
11/29/2021
5/21/2021
7/29/2021
12/8/2021
7/12/2021
11/3/2021
6/18/2021
9/17/2021
Note *: Per California Government Code and industry practice, ratings modifiers(+/-) are not utilized to determine investment eligibility, only the rating category (i.e. MA/ AA/ A /BBB) are used, The 2021 California Debt and Investment Advisory Commission (CD/AC} clarified the interpretation issue based on SB 974 that passed in 2016 which amended California Government Code that modifiers(+/-) were not to be considered when determining investment eligibility in Cade Sections 53601{h}(1}{C)Commercia/ Paper, 53601{k) Medium Term Notes, 53601(0) Mortgage Passthrough Securities, and 53601{q) Supranationals.
ATTACHMENT B
Maturity Date
9/25/2025
10/13/2026
4/22/2026
11/3/2025
12/6/2024
7/15/2024
9/10/2026
6/18/2026
9/17/2026