CITY OF
LONG
March 14, 2023
HONORABLE MAYOR AND CITY COUNCIL
City of Long Beach
California
RECOMMENDATION:
Department of Financial Management
411 West Ocean Bouleva1-d, 6th Floor
Long Beach, CA 90802
562 570-6425
C-7
Receive and file the Investment Report for Quarter Ending December 31, 2022. (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, 2022, these funds had a book value of approximately $2.101 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, 2022, 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 $514.8 million of the total investment pool, or approximately 25.15 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 14, 2023
Investment Position and Performance
The following table summarizes the City's investment pool position and performance for the quarter ending December 31, 2022:
Portfolio
Short-Maturity
Intermediate-
Maturity
Long-Maturity
Total Investments
JTotal Cash
Total Cash and
Investments
INVESTMENT VALUE
As of December 31, 2022
Book Market Unrealized
Value 1 Value 1 Gain/(Loss) 2
$221,055,776 $220,814,277 ($241,500)
$1,342,567,945 $1,300,062,738 ($42,505,207)
$506,272,090 $477,962,313 ($28,309,777)
$2,069,895,812 $1,998,839,328 ($71,056,484)
$31,461,626 $31,461,626
$2,101,357,438 $2,030,300,954
Quarterly
Portfolio
Total Retum
3 0.69%
0.68%
1.06%
0.88%
!
Total Interest
Earnings
INVESTMENT PERFORMANCE 4
As of December 31, 2022
Quarterly Last 12 Months Last 12 Months
Benchmark Portfolio Benchmark
Total Return Total Return
5 Total Return
0.84% 1.16% 1.45%
0.73% -3.06% -3.65%
0.94% -4.67% -5.25%
0.79% -2.43% -3.47%
QUARTERLY INTEREST EARNINGS 6
As of December 31, 2022
$5,516,729
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 Gainl(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 gainsl(losses)
6) Interest Earnings is the amount of interest earned from investments over a 3-month period, net of investment-related expenses.
The quarter ending December 31, 2022, continued to experience 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. This resulted in an unrealized loss of approximately $71.1 million from the prior quarter's unrealized loss of approximately $77.8 million, for securities purchased in the last five years and still held. Generally, there will be minimal actual realized loss since most securities are held to maturity. Due to rising market interest rates, the City took advantage and transferred the majority of funds invested in Local Agency Investment Fund (LAIF), to a higher interest-earning money market fund. As of December 31, 2022, the money market fund outperformed LAIF by approximately 203 basis points (2.03 percent). For the three months ended December 31, 2022, the quarterly total return was 0.88 percent, which was 9 basis points (0.09 percent) better than the benchmark. Over the preceding 12 months, the investment portfolio generated an annualized total return of -2.43 percent, which was 104 basis points (1.04 percent) better than the benchmark.
Another view of investment performance considers actual interest earnings, irrespective of changes in market value of the portfolio that are unlikely ever to be realized. As shown in the bottom-right portion of the table above, interest earnings totaled $5.52 million for the quarter ending December 31, 2022. Using average cash balances for each of the three months of the
HONORABLE MAYOR AND CITY COUNCIL
March 14, 2023
quarter, the actual interest earned yielded an annualized interest earnings rate of 1.09 percent over the full quarter.
Investment portfolio holdings as of December 31, 2022, are included in Attachment B.
This matter was reviewed by Principal Deputy City Attorney Richard F. Anthony on February 14, 2023 and by Revenue Management Officer Geraldine Alejo on February 27, 2023.
TIMING CONSIDERATIONS
City Council action on this item is not time critical.
FISCAL IMPACT
This recommendation has no staffing impact beyond the normal budgeted scope of duties and is consistent with existing City Council priorities. There is no fiscal or local job impact associated with this recommendation.
SUGGESTED ACTION:
Approve recommendation.
Respectfully submitted,
J<~,vL ~t4
KEVIN RIPER
DIRECTOR OF FINANCIAL MANAGEMENT
ATTACHMENTS: A- CITY OF LONG BEACH INVESTMENT TRADING ACTIVITY
B - CITY OF LONG BEACH INVESTMENT PORTFOLIO HOLDINGS
APPROVED:
THOMAS B. MODICA
CITY MANAGER
CITY OF LONG BEACH INVESTMENT TRADING ACTIVITY
OCTOBER 1, 2022 • DECEMBER 31, 2022
Fund Inv# Cusip Number Issuer Coupon(%) Par Value ($)
SECURITY PURCHASES
97 15939 313397N64 FHLMC - - 15,000,000.00
97 15940 912796YJ2 USTR - - 10,000,000.00
97 15941 91282CFP1 USTR 4.250 7,500,000.00
97 15942 3130ATUQ8 FHLB 4.750 30,000,000.00
97 15943 313384PG8 FHLB - - 5,000,000.00
97 15944 912828B66 USTR 2.750 15,000,000.00
98 15945 91282CEG2 USTR 2.250 20,000,000.00
99 15946 313384GFO FHLB - - 20,000,000.00
99 15947 313384GFO FHLB - - 20,000,000.00
99 15948 313384PJ2 FHLB - - 30,000,000.00
99 15949 3130ATVC8 FHLB 4.875 20,000,000.00
99 15950 3133ENJ84 FFCB 3.375 10,000,000.00
99 15951 3135G04Z3 FNMA 0.500 14,693,000.00
99 15952 91282CFM8 USTR 4.125 7,000,000.00
99 15953 3130ATVD6 FHLB 4.875 15,000,000.00
98 15954 3137EAEU9 FHLMC 0.375 15,000,000.00
98 15959 91282CFP1 USTR 4.250 10,000,000.00
99 15960 91282CCP4 USTR 0.625 10,000,000.00
TOTAL SECURITY PURCHASES 274,193,000
SECURITY MATURITIES
98 15496 3135GOT78 FNMA 2.000 12,000,000.00
99 15690 912828YKO USTR 1.375 7,500,000.00
99 15698 912828YKO USTR 1.375 7,500,000.00
99 15757 91282CBD2 USTR 0.125 10,000,000.00
99 15804 91282CAX9 USTR 0.125 30,000,000.00
97 15838 91282CAX9 USTR 0.125 25,000,000.00
97 15847 91282CAR2 USTR 0.125 15,000,000.00
97 15864 91282CAX9 USTR 0.125 10,000,000.00
97 15891 912796W54 USTR - - 30,000,000.00
97 15909 912796YD5 USTR - - 11,000,000.00
97 15916 912796W54 USTR - - 25,000,000.00
97 15919 912796X61 USTR - - 13,000,000.00
97 15936 912796YP8 USTR - - 10,000,000.00
97 15939 313397N64 FHLMC - - 15,000,000.00
TOTAL SECURITY MATURITIES 221,000,000
SECURITY SALES AND CALLS
- - - - - - - - - - - -
TOTAL SECURITY SALES AND CALLS .
ATTACHMENT A
Purchase Date Maturity Date Redemption Date
10/6/2022 11/8/2022 - -
10/20/2022 10/5/2023 - -
10/20/2022 10/15/2025 - -
11/15/2022 3/8/2024 - -
11/22/2022 11/15/2023 - -
11/22/2022 2/15/2024 - -
11/22/2022 3/31/2024 - -
12/1/2022 5/30/2023 - -
12/1/2022 5/30/2023 - -
12/2/2022 11/17/2023 - -
12/2/2022 6/14/2024 - -
12/5/2022 8/26/2024 - -
12/6/2022 6/17/2025 - -
12/21/2022 9/30/2027 - -
12/22/2022 9/13/2024 - -
12/22/2022 7/21/2025 - -
12/28/2022 10/15/2025 - -
12/28/2022 7/31/2026 - -
12/21/2017 10/5/2022 - -
1/31/2020 10/15/2022 - -
2/28/2020 10/15/2022 - -
1/29/2021 12/31/2022 - -
6/14/2021 11/30/2022 - -
12/14/2021 11/30/2022 - -
2/11/2022 10/31/2022 - -
3/29/2022 11/30/2022 - -
5/26/2022 11/10/2022 - -
6/14/2022 10/11/2022 - -
7/20/2022 11/10/2022 - -
7/20/2022 12/8/2022 - -
9/29/2022 11/8/2022 - -
10/6/2022 11/8/2022 - -
- - - - - -
Inv# Security CUSIP
Description Number
SHORT MATURITY (97)
8083 CALIF LAIFGF
8084 CALIF LAIFHD
8086 CALIF LAIFWD
15958 FEDER 31607A885
15943 FHLB 313384PG8
15878 USTR 91282CBG5
15892 USTR 91282CBG5
15920 USTR 912828ZY9
15921 USTR 912828R69
15917 USTR 912796XS3
15940 USTR 912796YJ2
TOTAL SHORT MATURITY
INTERMEDIATE MATURITY (99)
15950 FFCB 3133ENJ84
15942 FHLB 3130ATUQ8
15949 FHLB 3130ATVC8
15953 FHLB 3130ATVD6
15713 FHLMC 3137EAER6
15954 FHLMC 3137EAEU9
15951 FNMA 3135G04Z3
15925 FHLB 313384LA5
15928 FHLB 313384LB3
15929 FHLB 313384LB3
15930 FHLB 313384LB3
15934 FHLB 313384LQO
15935 FHLB 313384LL1
15946 FHLB 313384GFO
15947 FHLB 313384GFO
15948 FHLB 313384PJ2
15699 USTR 912828Z86
15712 USTR 912828Z29
15730 USTR 912828Z29
15758 USTR 91282CBEO
15759 USTR 912828YE4
15760 USTR 912828ZFO
15761 USTR 91282CAB7
15765 USTR 91282CBA8
15766 USTR 912828XT2
15767 USTR 912828ZTO
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 912828ZTO
15785 USTR 91282CAZ4
15794 USTR 91282CBNO
15795 USTR 91282CBX8
15796 USTR 912828ZP8
15797 USTR 9128286R6
15798 USTR 91282CAM3
15799 USTR 91282CBH3
15800 USTR 91282CBWO
15805 USTR 912828Z86
15806 USTR 91282CBU4
15807 USTR 91282CAF8
15808 USTR 91282CAK7
15809 USTR 91282CCG4
15844 USTR 91282CDS7
15848 USTR 91282CDVO
15850 USTR 91282CBR1
15851 USTR 912828ZFO
15852 USTR 912828ZW3
15858 USTR 91282CDDO
15859 USTR 91282CDH1
15860 USTR 91282CED9
15861 USTR 91282CCF6
15865 USTR 912828W48
CITY OF LONG BEACH INVESTMENT PORTFOLIO HOLDINGS
AS OF DECEMBER 31, 2022
S&P Coupon Par Value ($) Book Value($) Market Value ($) Rating* Rate(%) - - - - 645 645 645
- - - - 4,418 4,418 4,418
- - - - 1,624 1,624 1,624
AAA - 141,163,679 141,163,679 141,163,679
AA+ 4.665 5,000,000 4,793,963 4,808,450
AA+ 0.125 10,000,000 9,986,221 9,969,900
AA+ 0.125 10,800,000 10,786,281 10,767,492
AA+ 0.125 15,000,000 14,765,217 14,636,519
AA+ 1.625 15,000,000 14,912,109 14,823,600
AA+ 2.910 15,000,000 14,978,175 14,975,850
AA+ 4.374 10,000,000 9,663,445 9,662,100
221,970,366 221,055,776 220,814,277
AA+ 3.375 10,000,000 9,913,335 9,884,913
AA+ 4.750 30,000,000 30,055,593 29,988,942
AA+ 4.875 20,000,000 20,146,348 20,091,908
AA+ 4.875 15,000,000 15,187,138 15,125,606
AA+ 0.375 10,000,000 10,002,896 9,861,700
AA+ 0.375 15,000,000 13,675,115 13,597,844
AA+ 0.500 14,693,000 13,452,981 13,403,795
AA+ 3.440 30,000,000 29,312,000 29,125,800
AA+ 3.505 10,000,000 9,765,360 9,707,400
AA+ 3.505 10,000,000 9,765,360 9,707,400
AA+ 3.505 10,000,000 9,765,360 9,707,400
AA+ 3.880 17,500,000 17,020,928 16,960,825
AA+ 3.854 17,500,000 17,029,730 16,969,050
AA+ 4.570 20,000,000 19,621,706 19,639,200
AA+ 4.570 20,000,000 19,621,706 19,639,200
AA+ 4.625 30,000,000 28,766,667 28,843,500
AA+ 1.375 10,000,000 10,003,376 9,965,800
AA+ 1.500 10,000,000 10,005,067 9,992,700
AA+ 1.500 7,500,000 7,503,553 7,494,525
AA+ 0.125 15,000,000 14,990,961 14,302,350
AA+ 1.250 15,000,000 15,248,015 14,200,200
AA+ 0.500 15,000,000 15,059,348 13,776,600
AA+ 0.250 15,000,000 14,956,690 13,535,700
AA+ 0.125 10,000,000 9,996,064 9,579,300
AA+ 2.000 12,500,000 12,813,895 12,043,500
AA+ 0.250 12,500,000 12,468,744 11,347,625
AA+ 1.375 10,000,000 10,057,777 9,842,600
AA+ 0.125 12,000,000 11,988,949 11,576,760
AA+ 0.125 12,000,000 11,976,445 11,401,440
AA+ 0.375 12,000,000 11,879,851 10,733,400
AA+ 0.250 15,000,000 14,988,102 14,220,150
AA+ 0.250 15,000,000 14,791,717 13,468,350
AA+ 0.375 10,000,000 10,004,416 9,462,500
AA+ 1.500 10,000,000 10,185,788 9,474,600
AA+ 0.250 5,000,000 4,952,831 4,539,050
AA+ 0.375 5,000,000 4,942,681 4,472,250
AA+ 0.125 25,000,000 24,999,317 24,833,250
AA+ 0.125 30,000,000 29,996,918 29,587,500
AA+ 0.125 30,000,000 29,996,175 29,505,600
AA+ 2.250 25,000,000 25,639,622 24,207,000
AA+ 0.250 20,000,000 19,775,350 17,957,800
AA+ 0.375 20,000,000 19,773,345 17,794,600
AA+ 0.750 20,000,000 19,971,315 17,879,000
AA+ 1.375 15,000,000 15,023,174 14,948,700
AA+ 0.125 30,000,000 29,999,045 29,692,800
AA+ 0.125 30,000,000 29,991,974 29,169,300
AA+ 0.125 20,000,000 19,991,949 19,372,600
AA+ 0.250 15,000,000 14,986,942 14,077,800
AA+ 1.125 25,000,000 24,966,718 23,395,500
AA+ 0.875 25,000,000 24,813,299 23,987,250
AA+ 0.250 10,000,000 9,838,909 9,480,100
AA+ 0.500 10,000,000 9,713,405 9,184,400
AA+ 0.250 15,000,000 14,415,911 13,588,500
AA+ 0.375 10,000,000 9,895,740 9,643,400
AA+ 0.750 20,000,000 19,585,408 18,667,200
AA+ 1.750 20,000,000 19,927,215 18,898,400
AA+ 0.750 10,000,000 9,598,038 8,918,400
AA+ 2.125 25,000,000 24,947,355 24,270,500
ATTACHMENT B
Trade Date Settlement Maturity Date Date
- - - - - -
- - - - - -
- - - - - -
- - - - - -
11/21/2022 11/22/2022 11/15/2023
5/2/2022 5/3/2022 1/31/2023
5/25/2022 5/26/2022 1/31/2023
8/3/2022 8/4/2022 7/15/2023
8/3/2022 8/4/2022 5/31/2023
7/19/2022 7/21/2022 1/19/2023
10/19/2022 10/20/2022 10/5/2023
12/2/2002 12/5/2022 8/26/2024
11/14/2022 11/15/2022 3/8/2024
12/1/2022 12/2/2022 6/14/2024
12/21/2022 12/22/2022 9/13/2024
5/8/2020 5/11/2020 5/5/2023
12/21/2022 12/22/2022 7/21/2025
12/5/2022 12/6/2022 6/17/2025
8/31/2022 9/1/2022 8/29/2023
917/2022 9/8/2022 8/30/2023
917/2022 9/8/2022 8/30/2023
917/2022 9/8/2022 8/30/2023
9/14/2022 9/15/2022 9/12/2023
9/14/2022 9/15/2022 9/9/2023
11/30/2022 12/1/2022 5/30/2023
11/30/2022 12/1/2022 5/30/2023
12/1/2022 12/2/2022 11/17/2023
2/27/2020 2/28/2020 2/15/2023
5/8/2020 5/11/2020 1/15/2023
6/8/2020 6/9/2020 1/15/2023
1/28/2021 1/29/2021 1/15/2024
1/28/2021 1/29/2021 8/31/2024
1/28/2021 1/29/2021 3/31/2025
1/28/2021 1/29/2021 7/31/2025
2/11/2021 2/12/2021 12/15/2023
2/11/2021 2/12/2021 5/31/2024
2/11/2021 2/12/2021 5/31/2025
3/4/2021 3/5/2021 6/30/2023
3/4/2021 3/5/2021 10/15/2023
3/4/2021 3/5/2021 2/15/2024
3/4/2021 3/5/2021 11/30/2025
3/29/2021 3/30/2021 3/15/2024
3/29/2021 3/30/2021 9/30/2025
4/29/2021 4/30/2021 4/15/2024
4/29/2021 4/30/2021 10/31/2024
4/29/2021 4/30/2021 5/31/2025
4/29/2021 4/30/2021 11/30/2025
5/5/2021 5/6/2021 2/28/2023
5/5/2021 5/6/2021 4/30/2023
5/5/2021 5/6/2021 5/15/2023
5/5/2021 5/6/2021 4/30/2024
5/5/2021 5/6/2021 9/30/2025
5/5/2021 5/6/2021 1/31/2026
5/5/2021 5/6/2021 4/30/2026
6/11/2021 6/14/2021 2/15/2023
6/11/2021 6/14/2021 3/31/2023
6/11/2021 6/14/2021 8/15/2023
6/11/2021 6/14/2021 9/15/2023
6/11/2021 6/15/2021 6/15/2024
1/13/2022 1/18/2022 1/15/2025
2/10/2022 2/11/2022 1/31/2024
2/14/2022 2/15/2022 3/15/2024
2/14/2022 2/15/2022 3/31/2025
2/14/2022 2/15/2022 6/30/2025
3/11/2022 3/14/2022 10/31/2023
3/11/2022 3/14/2022 11/15/2024
3/11/2022 3/15/2022 3/15/2025
3/11/2022 3/14/2022 5/31/2026
3/30/2022 3/31/2022 2/29/2024
Inv# Security CUSIP
Description Number
15866 USTR 91282CDZ1
15867 USTR 912828ZW3
15868 USTR 91282CDZ1
15869 USTR 91282CAZ4
15879 USTR 912828XT2
15880 USTR 91282CED9
15881 USTR 9128284M9
15882 USTR 91282CAB7
15893 USTR 912828ZP8
15894 USTR 91282CCK5
15895 USTR 91282CDMO
15896 USTR 91282CCC3
15897 USTR 91282CCL3
15898 USTR 912828G38
15899 USTR 91282CEQO
15900 USTR 912828ZW3
15901 USTR 912828M56
15906 USTR 912828191
15907 USTR 91282CDH1
15908 USTR 912828ZW3
15923 USTR 91282CFA4
15924 USTR 91282CEX5
15926 USTR 91282CDVO
15927 USTR 91282CDVO
15944 USTR 912828B66
15945 USTR 91282CEG2
15959 USTR 91282CFP1
15960 USTR 91282CCP4
TOTAL INTERMEDIATE MATURITY
LONG MATURITY (98)
15430 FEDER VP6000104
15642 FFCB 3133EKWV4
15518 FHLB 3130ADRG9
15530 FHLB 313383QR5
15548 FHLB 313383YJ4
15577 FHLB 3130AOF70
15612 FHLB 3130A1XJ2
15616 FHLB 3130A1XJ2
15651 FHLB 3130A2UW4
15659 FHLB 3130A2UW4
15534 FHLMC 3137EAEN5
15693 FHLMC 3137EAEPO
15714 FHLMC 3137EAER6
15739 FHLMC 3137EAEU9
15744 FHLMC 3137EAEX3
15750 FHLMC 3137EAEX3
15501 FNMA 3135GOT94
15512 FNMA 3135GOT94
15539 FNMA 3135GOU43
15585 FNMA 3135GOV34
15682 FNMA 3135GOX24
15708 FNMA 3135G03U5
15724 FNMA 3135G03U5
15734 FNMA 3135G04Z3
15740 FNMA 3135G05X7
15754 FNMA 3135G06G3
15519 USTR 9128284D9
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 912828ZTO
15756 USTR 91282CBC4
15763 USTR 91282CBC4
15769 USTR 91282CBH3
15776 USTR 91282CBQ3
15787 USTR 91282CBT7
15811 USTR 91282CCF6
15819 USTR 91282CCP4
CITY OF LONG BEACH INVESTMENT PORTFOLIO HOLDINGS
AS OF DECEMBER 31, 2022
S&P Coupon Par Value ($) Book Value ($) Market Value ($) Rating* Rate(%) AA+ 1.500 25,000,000 24,494,311 23,533,250
AA+ 0.250 10,000,000 9,457,367 9,059,000
AA+ 1.500 5,000,000 4,874,109 4,706,650
AA+ 0.375 5,000,000 4,670,119 4,472,250
AA+ 2.000 12,500,000 12,375,185 12,043,500
AA+ 1.750 10,000,000 9,754,629 9,449,200
AA+ 2.875 15,000,000 14,979,951 14,515,500
AA+ 0.250 7,500,000 7,001,379 6,767,850
AA+ 0.125 17,600,000 17,480,290 17,309,952
AA+ 0.125 17,600,000 17,434,175 17,209,456
AA+ 0,500 17,600,000 17,321,708 16,933,136
AA+ 0.250 17,600,000 17,085,570 16,565,296
AA+ 0.375 17,600,000 17,029,680 16,486,976
AA+ 2.250 17,600,000 17,470,655 16,903,568
AA+ 2.750 17,600,000 17,612,125 16,971,680
AA+ 0.250 17,600,000 16,556,703 15,943,840
AA+ 2.250 17,600,000 17,371,414 16,658,048
AA+ 1.625 12,000,000 11,911,265 11,702,400
AA+ 0.750 12,000,000 11,542,839 11,200,320
AA+ 0.250 15,000,000 14,036,121 13,588,500
AA+ 3.000 20,000,000 19,963,041 19,533,887
AA+ 3.000 10,000,000 9,971,313 9,760,600
AA+ 0.875 15,000,000 14,603,138 14,403,763
AA+ 0.875 15,000,000 14,603,138 14,403,763
AA+ 2.750 15,000,000 14,780,516 14,786,371
AA+ 2.250 20,000,000 19,462,302 19,470,122
AA+ 4.250 10,000,000 10,089,904 10,078,601
AA+ 0.625 10,000,000 8,871,384 8,861,776
1 360 593 000 1342567 945 1300062 738
AA+ - - 1,901,111 1,901,111 1,901,111
AA+ 1.850 7,000,000 7,042,863 6,695,430
AA+ 2.750 5,000,000 4,999,685 4,984,800
AA+ 3,250 4,000,000 4,005,740 3,978,560
AA+ 3,375 5,950,000 5,957,872 5,890,084
AA+ 3,375 10,000,000 10,053,114 9,856,100
AA+ 2.875 5,400,000 5,468,511 5,275,260
AA+ 2.875 5,000,000 5,065,154 4,884,500
AA+ 2.875 6,600,000 6,727,166 6,407,082
AA+ 2.875 3,400,000 3,465,331 3,300,618
AA+ 2.750 8,000,000 7,996,388 7,932,480
AA+ 1.500 10,220,000 10,216,669 9,630,102
AA+ 0.375 7,470,000 7,469,639 7,366,690
AA+ 0.375 6,170,000 6,154,278 5,583,542
AA+ 0.375 9,780,000 9,763,922 8,800,826
AA+ 0.375 6,000,000 5,984,077 5,399,280
AA+ 2.375 6,000,000 5,999,038 5,994,900
AA+ 2.375 5,000,000 4,999,107 4,995,750
AA+ 2.875 7,200,000 7,196,221 7,107,480
AA+ 2.500 11,200,000 11,186,734 10,931,200
AA+ 1.625 11,300,000 11,284,520 10,674,432
AA+ 0.625 5,570,000 5,564,697 5,117,382
AA+ 0.625 5,000,000 5,009,034 4,593,700
AA+ 0,500 10,120,000 10,109,677 9,208,289
AA+ 0.375 9,745,000 9,720,802 8,788,918
AA+ 0.500 10,530,000 10,508,453 9,469,103
AA+ 2.500 5,000,000 4,996,086 4,976,550
AA+ 2.875 8,800,000 8,801,044 8,668,352
AA+ 2.125 11,300,000 11,274,830 10,970,266
AA+ 2.125 11,000,000 10,964,659 10,656,250
AA+ 2.500 10,000,000 10,077,474 9,706,300
AA+ 2.000 5,750,000 5,761,117 5,547,830
AA+ 1.500 7,250,000 7,240,290 6,884,383
AA+ 2.125 10,500,000 10,558,547 10,099,320
AA+ 1.500 10,000,000 9,958,908 9,462,500
AA+ 1.125 6,000,000 6,078,137 5,600,880
AA+ 0.250 5,000,000 4,982,897 4,539,050
AA+ 0.375 6,000,000 5,999,578 5,362,260
AA+ 0.375 8,000,000 7,991,050 7,149,680
AA+ 0.375 10,000,000 9,945,263 8,897,300
AA+ 0.500 11,700,000 11,583,740 10,425,402
AA+ 0,750 10,000,000 9,965,740 8,962,900
AA+ 0.750 5,000,000 4,976,579 4,459,200
AA+ 0.625 10,000,000 9,931,570 8,836,300
ATTACHMENT B
Trade Date Settlement Maturity Date Date
3/30/2022 3/31/2022 2/15/2025
3/30/2022 3/31/2022 6/30/2025
4/6/2022 4/7/2022 2/15/2025
4/6/2022 4/7/2022 11/30/2025
5/2/2022 5/3/2022 5/31/2024
5/2/2022 5/3/2022 3/15/2025
5/2/2022 5/3/2022 4/30/2025
5/2/2022 5/3/2022 7/31/2025
5/25/2022 5/26/2022 5/15/2023
5/25/2022 5/26/2022 6/30/2023
5/26/2022 5/27/2022 11/30/2023
5/26/2022 5/27/2022 5/15/2024
5/31/2022 6/1/2022 7/15/2024
5/31/2022 6/1/2022 11/15/2024
5/31/2022 6/1/2022 5/15/2025
5/31/2022 6/1/2022 6/30/2025
5/31/2022 5/31/2022 11/15/2024
6/8/2022 6/9/2022 10/31/2023
6/8/2022 6/9/2022 11/15/2024
6/8/2022 6/9/2022 6/30/2025
8/15/2022 8/16/2022 7/31/2024
8/15/2022 8/16/2022 6/30/2024
8/31/2022 9/1/2022 1/31/2024
8/31/2022 9/1/2022 1/31/2024
11/21/2022 11/22/2022 2/15/2024
11/21/2022 11/22/2022 3/31/2024
12/27/2022 12/28/2022 10/15/2025
12/27/2022 12/28/2022 7/31/2026
- - - - - -
8/28/2019 8/29/2019 7/26/2024
4/17/2018 4/18/2018 3/10/2023
617/2018 6/11/2018 6/9/2023
10/22/2018 10/23/2018 9/8/2023
1/22/2019 1/23/2019 12/8/2023
6/18/2019 6/20/2019 6/14/2024
7/11/2019 7/12/2019 6/14/2024
9/25/2019 9/26/2019 9/13/2024
10/21/2019 10/22/2019 9/13/2024
7/17/2018 7/18/2018 6/19/2023
2/13/2020 2/14/2020 2/12/2025
5/5/2020 5/7/2020 5/5/2023
7/21/2020 7/23/2020 7/21/2025
9/23/2020 9/25/2020 9/23/2025
10/27/2020 10/28/2020 9/23/2025
3/8/2018 3/9/2018 1/19/2023
3/19/2018 3/20/2018 1/19/2023
9/13/2018 9/14/2018 9/12/2023
2/21/2019 2/22/2019 2/5/2024
1/17/2020 1/21/2020 1/7/2025
4/22/2020 4/24/2020 4/22/2025
6/4/2020 6/5/2020 4/22/2025
6/17/2020 6/19/2020 6/17/2025
8/25/2020 8/27/2020 8/25/2025
11/9/2020 11/12/2020 11/7/2025
5/23/2018 5/24/2018 3/31/2023
11/29/2018 11/30/2018 10/31/2023
4/3/2019 4/4/2019 2/29/2024
4/17/2019 4/18/2019 3/31/2024
6/10/2019 6/11/2019 5/15/2024
7/11/2019 7/12/2019 4/30/2024
10/21/2019 10/22/2019 9/30/2024
11/12/2019 11/13/2019 7/31/2024
12/12/2019 12/13/2019 11/30/2024
3/24/2020 3/25/2020 2/28/2025
6/4/2020 6/5/2020 5/31/2025
12/30/2020 12/31/2020 12/31/2025
1/28/2021 1/29/2021 12/31/2025
2/16/2021 2/18/2021 1/31/2026
3/24/2021 3/25/2021 2/28/2026
4/28/2021 4/29/2021 3/31/2026
6/17/2021 6/18/2021 5/31/2026
8/12/2021 8/13/2021 7/31/2026
Inv# Security CUSIP
Description Number
15824 USTR 91282CCW9
15826 USTR 91282CCX7
15840 USTR 91282CDQ1
15870 USTR 912828278
15871 USTR 912828ZC7
15902 USTR 91282CEN7
15903 USTR 91282CEQ0
15914 USTR 91282CEN7
15915 USTR 91282CEQ0
15922 USTR 91282CEW7
15932 USTR 91282CEY3
15933 USTR 91282CEW7
15937 USTR 91282CEN7
15938 USTR 91282CEW7
15941 USTR 91282CFP1
15952 USTR 91282CFM8
15875 AMAZON 023135CF1
15886 AMAZON 023135CF1
15904 AMAZON 023135CF1
15823 APPLE 037833DT4
15803 BOA 06051GJG5
15872 BOA 06051GJQ3
15856 BRKHAT 084664CZ2
15887 CATPLR 14913R2V8
15855 CSCHWB 808513BY0
15862 GUARD 40139LBF9
15842 HONDA 02665WEA5
15846 HONDA 02665WEA5
15829 JDEERE 24422EVW6
15802 JPM 46647PBK1
15905 JPM 46647PCB0
15910 MERCK& 58933YBC8
15841 METLFE 59217GER6
15853 METLFE 59217GER6
15818 MICRSF 594918BJ2
15884 NORTHT 665859AW4
15911 NORTHT 665859AW4
15830 PRICOA 74153WCQ0
15873 RBC 78016EZ59
15874 RBC 78016EZ59
15813 SFORCE 79466LAG9
15845 STSTRT 857477BR3
15854 STSTRT 857477BM4
15827 TORBNK 89114TZG0
15931 TORBNK 89115A2H4
15812 TOYOTA 89236TJK2
15822 WMART 931142ER0
TOTAL LONG MATURITY*
!TOTAL INVESTMENTS
CASH
CASHBO CASHBA CASHBOA
CASHUB CASHUB CASHUBOC
TOTAL CASH
!TOTAL CASH AND INVESTMENTS
CITY OF LONG BEACH INVESTMENT PORTFOLIO HOLDINGS
AS OF DECEMBER 31, 2022
S&P Coupon Par Value ($) Book Value ($) Market Value ($) Rating* Rate(%) AA+ 0.750 5,000,000 4,979,019 4,427,150
AA+ 0.375 5,000,000 4,986,042 4,659,950
AA+ 1.250 10,000,000 9,989,693 8,955,100
AA+ 1.500 5,000,000 4,769,713 4,514,250
AA+ 1.125 5,000,000 4,841,233 4,667,400
AA+ 2.750 7,500,000 7,429,622 7,107,450
AA+ 2.750 7,500,000 7,477,820 7,232,250
AA+ 2.750 2,500,000 2,466,518 2,369,150
AA+ 2.750 2,500,000 2,483,347 2,410,750
AA+ 3.250 7,000,000 7,076,168 6,768,370
AA+ 3.000 3,000,000 2,971,421 2,920,199
AA+ 3.250 3,000,000 2,974,535 2,900,730
AA+ 2.750 5,000,000 4,702,829 4,738,300
AA+ 3.250 5,000,000 4,795,806 4,834,550
AA+ 4.250 7,500,000 7,448,065 7,498,528
AA+ 4.125 7,000,000 7,150,366 7,091,298
AA 3.300 3,235,000 3,229,291 3,070,015
AA 3,300 1,765,000 1,751,738 1,674,985
AA 3,300 2,000,000 1,987,887 1,898,000
AA+ 1.125 3,120,000 3,141,443 2,872,428
A- 0.981 3,500,000 3,506,012 3,221,330
A- 1.658 2,000,000 1,872,972 1,769,400
AA 2.300 5,500,000 5,499,121 5,077,545
A 3.400 2,225,000 2,222,771 2,161,654
A 2.450 1,860,000 1,858,324 1,695,632
AA+ 3.246 1,465,000 1,465,000 1,370,815
A- 1.500 3,640,000 3,638,051 3,405,548
A- 1.500 1,360,000 1,350,441 1,273,876
A 1.300 3,500,000 3,454,124 3,094,175
A- 2.083 3,500,000 3,585,559 3,249,050
A- 1.578 3,000,000 2,760,900 2,635,980
A+ 1.700 5,000,000 4,509,070 4,432,600
AA- 1.875 3,780,000 3,776,529 3,343,675
AA- 1.875 1,220,000 1,192,100 1,081,971
AAA 3.125 3,500,000 3,717,838 3,381,070
A+ 4.000 2,050,000 2,047,105 2,002,358
A+ 4.000 2,950,000 2,920,254 2,881,442
AA- 1.150 3,000,000 2,998,008 2,775,240
A 3.375 2,420,000 2,419,318 2,338,494
A 3,375 1,080,000 1,077,465 1,043,626
A+ 0.625 945,000 944,753 886,429
A 1.746 1,570,000 1,570,000 1,461,073
A 2.901 3,250,000 3,291,650 3,090,880
A 1.250 5,000,000 4,928,073 4,372,050
A 4.693 1,830,000 1,830,000 1,809,083
A+ 1.125 5,060,000 5,058,458 4,470,308
AA 1.050 1,190,000 1,188,331 1,053,816
507,871,111 506,272,090 477,962,313
2,090,434,4761 2,069,895,8121 1,998,839,3281
355,689 355,689 355,689
31,105,937 31,105,937 31,105,937
31,461,626 31,461,626 31,461,626
2,121,896,1021 2,101,357,438 1 2,030,300,9541
Trade Date Settlement
Date
9/17/2021 9/20/2021
9/29/2021 9/30/2021
12/30/2021 12/31/2021
41712022 4/8/2022
41712022 4/8/2022
6/3/2022 6/6/2022
6/3/2022 6/6/2022
6/30/2022 6/30/2022
6/30/2022 6/30/2022
8/9/2022 8/10/2022
9/9/2022 9/12/2022
9/9/2022 9/12/2022
9/27/2022 9/28/2022
9/27/2022 9/28/2022
10/19/2022 10/20/2022
12/20/2022 12/21/2022
4/11/2022 4/13/2022
5/10/2022 5/12/2022
61712022 6/9/2022
9/16/2021 9/20/2021
5/19/2021 5/21/2021
41712022 4/11/2022
31712022 3/15/2022
5/10/2022 5/13/2022
3/1/2022 3/3/2022
3/24/2022 3/29/2022
1/11/2022 1/13/2022
21712022 2/9/2022
11/24/2021 11/29/2021
5/19/2021 5/21/2021
61712022 6/9/2022
6/14/2022 6/16/2022
1/3/2022 1/11/2022
2/23/2022 2/25/2022
7/27/2021 7/29/2021
5/5/2022 5/10/2022
6/15/2022 6/17/2022
12/1/2021 12/8/2021
41712022 4/14/2022
4/8/2022 4/14/2022
6/29/2021 7/12/2021
2/2/2022 2/7/2022
2/23/2022 2/25/2022
11/1/2021 11/3/2021
918/2022 9/15/2022
6/15/2021 6/18/2021
9/8/2021 9/17/2021
Note •: Per California Government Code and industry practice, ratings modifiers (+/-) are not utillzed to determine investment eligibility, only the roting category /i.e. AAA/ 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 Code Sections S3601/h)(1}(C}Commercial Paper, 53601/k) Medium Term Notes, 53601/o) Mortgage Passthrough Securities, and 53601/q) Supranatlona/s.
ATTACHMENT B
Maturity Date
8/31/2026
9/15/2024
12/31/2026
1/31/2027
2/28/2025
4/30/2027
5/15/2025
4/30/2027
5/15/2025
6/30/2027
7/15/2025
6/30/2027
4/30/2027
6/30/2027
10/15/2025
9/30/2027
4/13/2027
4/13/2027
4/13/2027
5/11/2025
9/25/2025
3/11/2027
3/15/2027
5/13/2025
3/3/2027
3/29/2027
1/13/2025
1/13/2025
10/13/2026
4/22/2026
4/22/2027
6/10/2027
1/11/2027
1/11/2027
11/3/2025
5/10/2027
5/10/2027
12/6/2024
4/14/2025
4/14/2025
7/15/2024
2/6/2026
3/30/2026
9/10/2026
9/15/2027
6/18/2026
9/17/2026