Department of Financial Management
411 West Ocean Boulevard, 6th Floor
Long Beach, CA 90802
(562) 570-6425
September 12, 2023
HONORABLE MAYOR AND CITY COUNCIL
City of Long Beach
California
RECOMMENDATION:
Receive and file the Investment Report for Quarter Ending June 30, 2023. (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 June 30, 202 3, these funds had a book value of approximately $2.264 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, me ets quarterly, or as needed, to review investment policies, strategies, and performance. All portfolio transactions as of June 30, 2023, 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 $534.8 million of the total investment pool, or approximately 24.32 percent of the funds, will mature in the next six months, ensuring that sufficient funds are available to meet the City's liquidity needs.
C-9
HONORABLE MAYOR AND CITY COUNCIL
September 12, 2023
Investment Position and Performance
The following table summarizes the City's investment pool position and performance for the quarter ending June 30, 2023:
Portfolio Book
Value 1
Market
Value 1
Unrealized
Gain/(Loss) 2
Last 12 Months
Portfolio
Total Return5
Last 12 Months
Benchmark
Total Return
Short-Maturity $257,055,539 $256,998,173 ($57,366) 3.30% 3.59% Long-Maturity $510,951,010 $484,223,410 ($26,727,600) 0.36% -0.43% Total Investments $2,258,127,232 $2,192,062,143 ($66,065,089) 1.03% 0.42% Total Cash $6,689,724 $6,689,724
Total Cash and
Investments $2,264,816,956 $2,198,751,867
1.27% 1.17%
Intermediate-
Maturity $1,490,120,683 $1,450,840,560 0.08%($39,280,123) Quarterly
Portfolio
Total Return3
Quarterly
Benchmark
Total Return
As of June 30, 2023 As of June 30, 2023
0.14%
QUARTERLY INTEREST EARNINGS 6
As of June 30, 2023
$10,918,242Total Interest
Earnings
0.85%
-0.38% -0.86%
0.13% -0.42%
-0.56%
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 he ld 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)
6) Interest Earnings is the amount of interest earned from investments over a 3-month period, net of investment-related expenses.
The quarter ending June 30, 2023, continued to experience rising market interest rates after a prolonged period of stable and historically low levels , which caused the investment value to remain negative on a mark-to-market basis. This resulted in an unrealized loss of approximately $66.1 million, up from the prior quarter's unrealized loss of approximately $53.5 million.
Generally, there will be minimal actual realized loss since most securities are held to maturity.
For the three months ended June 30, 2023, the quarterly total return was 0.13 percent, which was 55 basis points (0.55 percent) above the benchmark. Over the preceding 12 months, the investment portfolio generated an annualized total return of 1.03 percent, which was 61 basis points (0.61 percent) above the benchmark.
Another view of investment performance considers actual interest earnings, irrespective of changes in market value of the portfolio that are unlikely to be realized. As shown in the bottom- right portion of the table above, i nterest earnings totaled $10.92 million for the quarter ending June 30, 2023. Using average cash balances for each of the three months of the quarter, the actual interest earned yielded an annualized interest earnings rate of 1.97 percent over the full quarter.
Investment portfolio holdings as of June 30, 2023, are included in Attachment B.
HONORABLE MAYOR AND CITY COUNCIL
September 12, 2023
This matter was reviewed by Principal Deputy City Attorney Richard F. Anthony on August 7, 2023 and by Revenue Management Officer Geraldine Alejo on August 14, 2023.
TIMING CONSIDERATIONS
City Council action on this item is not time critical.
FISCAL IMPACT
This recommendation has no staffing impact beyond the normal budgeted scope of duties and is consistent with existing City Council priorities. There is no fiscal or local job impact associated with this recommendation.
SUGGESTED ACTION:
Approve recommendation.
Respectfully submitted,
KEVIN RIPER
DIRECTOR OF FINANCIAL MANAGEMENT
ATTACHMENTS: A - CITY OF LONG BEACH INVESTMENT TRADING ACTIVITY
B - CITY OF LONG BEACH INVESTMENT PORTFOLIO HOLDINGS
APPROVED:
THOMAS B. MODICA
CITY MANAGER
ATTACHMENT A
Fund Inv # Cusip Number Issuer Coupon (%) Par Value ($) Purchase Date Maturity Date Redemption Date SECURITY PURCHASES
99 16024 91282CFB2 USTR 2.750 15,000,000.00 4/28/2023 7/31/2027 - - 99 16025 3134GYQP0 FHLMC 5.375 15,000,000.00 5/1/2023 5/1/2025 - - 98 16037 438516CJ3 HONEYW 4.950 1,750,000.00 5/17/2023 2/15/2028 - - 98 16038 91282CGT2 USTR 3.625 5,000,000.00 5/16/2023 3/31/2028 - - 99 16041 891941AD8 TAOT 4.710 7,500,000.00 5/23/2023 2/15/2028 - - 99 16042 891941AB2 TAOT 5.280 4,000,000.00 5/23/2023 5/15/2026 - - 99 16044 3130AW6F2 FHLMC 5.000 15,000,000.00 5/22/2023 11/22/2027 - - 99 16047 3133EPLD5 FFCB 3.875 15,000,000.00 5/30/2023 5/30/2028 - - 99 16049 437927AB2 HAROT 5.410 8,000,000.00 5/30/2023 4/15/2026 - - 99 16050 437927AC0 HAROT 4.930 5,500,000.00 5/30/2023 11/15/2027 - - 98 16053 91282CGT2 USTR 3.625 2,750,000.00 5/26/2023 3/31/2028 - - 99 16057 3133EPME2 FFCB 3.875 10,000,000.00 6/8/2023 6/8/2028 - - 99 16058 31338PME2 FFCB 3.891 10,000,000.00 6/8/2023 6/8/2028 - - 99 16060 02582JJZ4 AMXCA 4.870 7,500,000.00 6/14/2023 5/15/2028 - - 99 16061 3130AWF39 FHLMC 5.375 10,000,000.00 6/26/2023 6/26/2028 99 16063 9128284N7 USTR 2.875 25,000,000.00 6/16/2023 5/15/2028 98 16066 91282CHE4 USTR 3.625 9,000,000.00 6/20/2023 5/31/2028 98 16067 91324PEP3 JPM 5.250 2,000,000.00 6/21/2023 2/15/2028 98 16068 89236TKQ7 TOYOTA 4.625 1,500,000.00 6/21/2023 1/12/2028 99 16071 477920AC6 JDOT 5.180 6,250,000.00 6/28/2023 3/15/2028 99 16072 477920AB8 JDOT 5.590 9,750,000.00 6/28/2023 6/15/2026 - - 99 16075 3130AWGR5 FHLMC 4.375 20,000,000.00 6/28/2023 6/12/2026 - - TOTAL SECURITY PURCHASES 205,500,00 0
SECURITY MATURITIES
99 15795 91282CBX8 USTR 0.125 30,000,000.00 5/6/2021 4/30/2023 - - 99 15713 3137EAER6 FHLMC 0.375 10,000,000.00 5/11/2020 5/5/2023 - - 98 15714 3137EAER6 FHLMC 0.375 7,470,000.00 5/7/2020 5/5/2023 - - 99 15796 912828ZP8 USTR 0.125 30,000,000.00 5/6/2021 5/15/2023 - - 99 15893 912828ZP8 USTR 0.125 17,600,000.00 5/26/2022 5/15/2023 - - 99 15946 313384GF0 FHLB 4.570 20,000,000.00 12/1/2022 5/30/2023 - - 99 15947 313384GF0 FHLB 4.570 20,000,000.00 12/1/2022 5/30/2023 - - 97 15921 912828R69 USTR 1.625 15,000,000.00 8/4/2022 5/31/2023 - - 98 15530 313383QR5 FHLB 3.250 4,000,000.00 6/11/2018 6/9/2023 - - 98 15534 3137EAEN5 FHLMC 2.750 8,000,000.00 7/18/2018 6/19/2023 - - 99 15770 912828S35 USTR 1.375 10,000,000.00 3/5/2021 6/30/2023 - - 99 15894 91282CCK5 USTR 0.125 17,600,000.00 5/26/2022 6/30/2023 - - TOTAL SECURITY MATURITIES 189,670,00 0
SECURITY SALES AND CALLS
- - - - - - - - - - - - - - - - - - TOTAL SECURITY SALES AND CALLS ‐
CITY OF LONG BEACH INVESTMENT TRADING ACTIVITY
APRIL 1, 2023 ‐ JUNE 30, 2023
CITY OF LONG BEACH INVESTMENT PORTFOLIO HOLDINGS ATTACHMENT B AS OF JUNE 30, 2023
Inv # Security
Description
CUSIP
Number
S&P
Rating *
Coupon
Rate (%) Par Value ($) Book Value ($) Market Value ($) Trade Date Settlement Date Maturity Date
SHORT MATURITY (97)
8083 CALIF LAIFGF - - - - 112,415 112,415 112,415 - - - - - - 8084 CALIF LAIFHD - - - - 116,234 116,234 116,234 - - - - - - 8086 CALIF LAIFWD - - - - 113,407 113,407 113,407 - - - - - - 15958 FEDER 31607A885 AAA - - 202,400,817 202,400,817 202,400,817 - - 11/30/2022 - - 15943 FHLB 313384PG8 AA+ 4.665 5,000,000 4,911,235 4,906,550 11/21/2022 11/22/2022 11/15/2023 15979 FHLB 313384PP8 AA+ 4.650 25,000,000 24,535,000 24,508,750 2/2/2023 2/3/2023 11/22/2023 15920 USTR 912828ZY9 AA+ 0.125 15,000,000 14,983,071 14,975,100 8/3/2022 8/4/2022 7/15/2023 15940 USTR 912796YJ2 AA+ 4.374 10,000,000 9,883,360 9,864,900 10/19/2022 10/20/2022 10/5/2023 TOTAL SHORT MATURITY 257,742,873 257,055,539 256,998,173 INTERMEDIATE MATURITY (99)
15950 FFCB 3133ENJ84 AA+ 3.375 10,000,000 9,874,818 9,774,700 12/2/2002 12/5/2022 8/26/2024 15971 FFCB 3133EN7A2 AA+ 3.625 10,000,000 9,979,021 9,731,600 1/19/2023 1/26/2023 10/26/2026 15968 FHLB 313384JV2 AA+ 4.660 10,000,000 9,961,167 9,962,500 1/11/2023 1/12/2023 7/31/2023 15988 FFCB 3133EPBM6 AA+ 4.125 25,000,000 24,952,109 24,876,750 2/16/2023 2/23/2023 8/23/2027 16047 FFCB 3133EPLD5 AA+ 3.875 15,000,000 14,976,708 14,828,850 5/23/2023 5/30/2023 5/30/2028 16057 FFCB 3133EPME2 AA+ 3.875 10,000,000 9,989,338 9,887,500 6/2/2023 6/8/2023 6/8/2028 16058 FFCB 31338PME2 AA+ 3.891 10,000,000 9,989,713 9,989,713 6/2/2023 6/8/2023 6/8/2028 15942 FHLB 3130ATUQ8 AA+ 4.750 30,000,000 30,006,971 29,853,900 11/14/2022 11/15/2022 3/8/2024 15949 FHLB 3130ATVC8 AA+ 4.875 20,000,000 20,051,574 19,884,400 12/1/2022 12/2/2022 6/14/2024 15953 FHLB 3130ATVD6 AA+ 4.875 15,000,000 15,067,576 14,892,600 12/21/2022 12/22/2022 9/13/2024 15981 FHLB 3130AUU93 AA+ 5.100 25,000,000 25,000,000 24,724,500 2/6/2023 2/8/2023 2/8/2028 15998 FHLB 3130AV5W8 AA+ 5.400 25,000,000 25,000,000 24,865,000 2/28/2023 3/3/2023 6/3/2027 15954 FHLMC 3137EAEU9 AA+ 0.375 15,000,000 13,915,354 13,685,850 12/21/2022 12/22/2022 7/21/2025 15964 FHLMC 3134GYCN0 AA+ 5.030 20,930,000 20,915,987 20,773,025 1/5/2023 1/6/2023 12/29/2025 15970 FHLMC 3134GW6C5 AA+ 0.800 25,000,000 22,562,809 22,148,500 1/19/2023 1/20/2023 10/28/2026 15973 FHLMC 3134GYFV9 AA+ 4.900 25,000,000 25,000,000 24,816,500 1/24/2023 1/30/2023 7/27/2026 15990 FHLMC 3134GYKJ0 AA+ 5.300 15,000,000 15,000,000 14,903,100 2/21/2023 2/28/2023 2/28/2028 16003 FHLMC 3134GYNB4 AA+ 5.710 25,000,000 25,000,000 24,950,500 3/8/2023 3/13/2023 3/13/2028 16025 FHLMC 3134GYQP0 AA+ 5.375 15,000,000 15,000,000 14,894,250 4/27/2023 5/1/2023 5/1/2025 16044 FHLMC 3130AW6F2 AA+ 5.000 15,000,000 15,000,000 14,898,000 5/18/2023 5/22/2023 11/22/2027 16061 FHLMC 3130AWF39 AA+ 5.375 10,000,000 10,000,000 9,948,300 6/8/2023 6/26/2023 6/26/2028 16075 FHLMC 3130AWGR5 AA+ 4.375 20,000,000 20,010,433 19,922,614 6/26/2023 6/28/2023 6/12/2026 15951 FNMA 3135G04Z3 AA+ 0.500 14,693,000 13,677,423 13,489,349 12/5/2022 12/6/2022 6/17/2025 15925 FHLB 313384LA5 AA+ 3.440 30,000,000 29,830,867 29,769,300 8/31/2022 9/1/2022 8/29/2023 15928 FHLB 313384LB3 AA+ 3.505 10,000,000 9,941,583 9,921,700 9/7/2022 9/8/2022 8/30/2023 15929 FHLB 313384LB3 AA+ 3.505 10,000,000 9,941,583 9,921,700 9/7/2022 9/8/2022 8/30/2023 15930 FHLB 313384LB3 AA+ 3.505 10,000,000 9,941,583 9,921,700 9/7/2022 9/8/2022 8/30/2023 15934 FHLB 313384LQ0 AA+ 3.880 17,500,000 17,362,314 17,330,425 9/14/2022 9/15/2022 9/12/2023 15935 FHLB 313384LL1 AA+ 3.854 17,500,000 17,368,849 17,340,050 9/14/2022 9/15/2022 9/9/2023 15948 FHLB 313384PJ2 AA+ 4.625 30,000,000 29,464,271 29,431,200 12/1/2022 12/2/2022 11/17/2023 15758 USTR 91282CBE0 AA+ 0.125 15,000,000 14,995,278 14,589,900 1/28/2021 1/29/2021 1/15/2024 15759 USTR 912828YE4 AA+ 1.250 15,000,000 15,174,182 14,306,850 1/28/2021 1/29/2021 8/31/2024 15760 USTR 912828ZF0 AA+ 0.500 15,000,000 15,046,248 13,875,000 1/28/2021 1/29/2021 3/31/2025 15761 USTR 91282CAB7 AA+ 0.250 15,000,000 14,965,012 13,649,400 1/28/2021 1/29/2021 7/31/2025 15765 USTR 91282CBA8 AA+ 0.125 10,000,000 9,998,111 9,772,700 2/11/2021 2/12/2021 12/15/2023 15766 USTR 912828XT2 AA+ 2.000 12,500,000 12,703,788 12,117,250 2/11/2021 2/12/2021 5/31/2024 15767 USTR 912828ZT0 AA+ 0.250 12,500,000 12,475,166 11,439,000 2/11/2021 2/12/2021 5/31/2025 15771 USTR 91282CAP6 AA+ 0.125 12,000,000 11,995,918 11,826,600 3/4/2021 3/5/2021 10/15/2023 15772 USTR 91282CBM2 AA+ 0.125 12,000,000 11,986,844 11,616,120 3/4/2021 3/5/2021 2/15/2024 15773 USTR 91282CAZ4 AA+ 0.375 12,000,000 11,900,289 10,831,920 3/4/2021 3/5/2021 11/30/2025 15777 USTR 91282CBR1 AA+ 0.250 15,000,000 14,993,008 14,470,350 3/29/2021 3/30/2021 3/15/2024 15778 USTR 91282CAM3 AA+ 0.250 15,000,000 14,829,303 13,586,100 3/29/2021 3/30/2021 9/30/2025 15782 USTR 91282CBV2 AA+ 0.375 10,000,000 10,002,715 9,613,700 4/29/2021 4/30/2021 4/15/2024 15783 USTR 912828YM6 AA+ 1.500 10,000,000 10,135,522 9,514,800 4/29/2021 4/30/2021 10/31/2024 15784 USTR 912828ZT0 AA+ 0.250 5,000,000 4,962,521 4,575,600 4/29/2021 4/30/2021 5/31/2025 15785 USTR 91282CAZ4 AA+ 0.375 5,000,000 4,952,432 4,513,300 4/29/2021 4/30/2021 11/30/2025 15797 USTR 9128286R6 AA+ 2.250 25,000,000 25,400,917 24,354,500 5/5/2021 5/6/2021 4/30/2024 15798 USTR 91282CAM3 AA+ 0.250 20,000,000 19,815,890 18,114,800 5/5/2021 5/6/2021 9/30/2025 15799 USTR 91282CBH3 AA+ 0.375 20,000,000 19,809,778 17,956,200 5/5/2021 5/6/2021 1/31/2026 15800 USTR 91282CBW0 AA+ 0.750 20,000,000 19,975,588 18,009,400 5/5/2021 5/6/2021 4/30/2026 15807 USTR 91282CAF8 AA+ 0.125 30,000,000 29,998,402 29,818,500 6/11/2021 6/14/2021 8/15/2023 15808 USTR 91282CAK7 AA+ 0.125 20,000,000 19,997,619 19,796,000 6/11/2021 6/14/2021 9/15/2023 15809 USTR 91282CCG4 AA+ 0.250 15,000,000 14,991,393 14,282,250 6/11/2021 6/15/2021 6/15/2024 15844 USTR 91282CDS7 AA+ 1.125 25,000,000 24,974,804 23,509,750 1/13/2022 1/18/2022 1/15/2025 15848 USTR 91282CDV0 AA+ 0.875 25,000,000 24,898,850 24,354,500 2/10/2022 2/11/2022 1/31/2024 15850 USTR 91282CBR1 AA+ 0.250 10,000,000 9,905,327 9,646,900 2/14/2022 2/15/2022 3/15/2024 15851 USTR 912828ZF0 AA+ 0.500 10,000,000 9,776,665 9,250,000 2/14/2022 2/15/2022 3/31/2025 15852 USTR 912828ZW3 AA+ 0.250 15,000,000 14,531,959 13,699,200 2/14/2022 2/15/2022 6/30/2025 15858 USTR 91282CDD0 AA+ 0.375 10,000,000 9,958,021 9,843,000 3/11/2022 3/14/2022 10/31/2023 15859 USTR 91282CDH1 AA+ 0.750 20,000,000 19,695,117 18,811,000 3/11/2022 3/14/2022 11/15/2024 15860 USTR 91282CED9 AA+ 1.750 20,000,000 19,943,601 18,918,800 3/11/2022 3/15/2022 3/15/2025
CITY OF LONG BEACH INVESTMENT PORTFOLIO HOLDINGS ATTACHMENT B AS OF JUNE 30, 2023
Inv # Security
Description
CUSIP
Number
S&P
Rating *
Coupon
Rate (%) Par Value ($) Book Value ($) Market Value ($) Trade Date Settlement Date Maturity Date
15861 USTR 91282CCF6 AA+ 0.750 10,000,000 9,656,429 8,982,400 3/11/2022 3/14/2022 5/31/2026 15865 USTR 912828W48 AA+ 2.125 25,000,000 24,969,828 24,471,750 3/30/2022 3/31/2022 2/29/2024 15866 USTR 91282CDZ1 AA+ 1.500 25,000,000 24,612,262 23,595,750 3/30/2022 3/31/2022 2/15/2025 15867 USTR 912828ZW3 AA+ 0.250 10,000,000 9,565,179 9,132,800 3/30/2022 3/31/2022 6/30/2025 15868 USTR 91282CDZ1 AA+ 1.500 5,000,000 4,903,473 4,719,150 4/6/2022 4/7/2022 2/15/2025 15869 USTR 91282CAZ4 AA+ 0.375 5,000,000 4,726,236 4,513,300 4/6/2022 4/7/2022 11/30/2025 15879 USTR 912828XT2 AA+ 2.000 12,500,000 12,418,967 12,117,250 5/2/2022 5/3/2022 5/31/2024 15880 USTR 91282CED9 AA+ 1.750 10,000,000 9,809,868 9,459,400 5/2/2022 5/3/2022 3/15/2025 15881 USTR 9128284M9 AA+ 2.875 15,000,000 14,984,220 14,444,550 5/2/2022 5/3/2022 4/30/2025 15882 USTR 91282CAB7 AA+ 0.250 7,500,000 7,097,186 6,824,700 5/2/2022 5/3/2022 7/31/2025 15895 USTR 91282CDM0 AA+ 0.500 17,600,000 17,472,972 17,253,456 5/26/2022 5/27/2022 11/30/2023 15896 USTR 91282CCC3 AA+ 0.250 17,600,000 17,271,794 16,829,296 5/26/2022 5/27/2022 5/15/2024 15897 USTR 91282CCL3 AA+ 0.375 17,600,000 17,213,687 16,715,248 5/31/2022 6/1/2022 7/15/2024 15898 USTR 912828G38 AA+ 2.250 17,600,000 17,504,882 16,901,456 5/31/2022 6/1/2022 11/15/2024 15899 USTR 91282CEQ0 AA+ 2.750 17,600,000 17,609,588 16,904,976 5/31/2022 6/1/2022 5/15/2025 15900 USTR 912828ZW3 AA+ 0.250 17,600,000 16,763,988 16,073,728 5/31/2022 6/1/2022 6/30/2025 15901 USTR 912828M56 AA+ 2.250 17,600,000 17,431,902 16,627,952 5/31/2022 5/31/2022 11/15/2024 15906 USTR 912828T91 AA+ 1.625 12,000,000 11,964,272 11,858,400 6/8/2022 6/9/2022 10/31/2023 15907 USTR 91282CDH1 AA+ 0.750 12,000,000 11,663,813 11,286,600 6/8/2022 6/9/2022 11/15/2024 15908 USTR 912828ZW3 AA+ 0.250 15,000,000 14,227,627 13,699,200 6/8/2022 6/9/2022 6/30/2025 15923 USTR 91282CFA4 AA+ 3.000 20,000,000 19,956,731 19,493,000 8/15/2022 8/16/2022 7/31/2024 15924 USTR 91282CEX5 AA+ 3.000 10,000,000 9,980,823 9,764,100 8/15/2022 8/16/2022 6/30/2024 15926 USTR 91282CDV0 AA+ 0.875 15,000,000 14,778,808 14,612,700 8/31/2022 9/1/2022 1/31/2024 15927 USTR 91282CDV0 AA+ 0.875 15,000,000 14,778,808 14,612,700 8/31/2022 9/1/2022 1/31/2024 15944 USTR 912828B66 AA+ 2.750 15,000,000 14,815,428 14,753,850 11/21/2022 11/22/2022 2/15/2024 15945 USTR 91282CEG2 AA+ 2.250 20,000,000 19,636,742 19,532,000 11/21/2022 11/22/2022 3/31/2024 15959 USTR 91282CFP1 AA+ 4.250 10,000,000 10,002,880 9,888,300 12/27/2022 12/28/2022 10/15/2025 15960 USTR 91282CCP4 AA+ 0.625 10,000,000 9,005,733 8,909,000 12/27/2022 12/28/2022 7/31/2026 15965 USTR 91282CFE6 AA+ 3.125 9,000,000 8,789,373 8,692,380 1/5/2023 1/6/2023 8/15/2025 16024 USTR 91282CFB2 AA+ 2.750 15,000,000 14,595,744 14,240,687 4/27/2023 4/28/2023 7/31/2027 16063 USTR 9128284N7 AA+ 2.875 25,000,000 23,843,282 23,651,500 6/15/2023 6/16/2023 5/15/2028 16060 AMXCA 02582JJZ4 AAA 4.870 7,500,000 7,499,335 7,455,750 6/7/2023 6/14/2023 5/15/2028 16049 HAROT 437927AB2 AAA 5.410 8,000,000 7,999,521 7,975,840 5/23/2023 5/30/2023 4/15/2026 16050 HAROT 437927AC0 AAA 4.930 5,500,000 5,499,109 5,465,075 5/23/2023 5/30/2023 11/15/2027 16071 JDOT 477920AC6 AA+ 5.180 6,250,000 6,248,958 6,239,313 6/21/2023 6/28/2023 3/15/2028 16072 JDOT 477920AB8 AA+ 5.590 9,750,000 9,749,424 9,738,593 6/21/2023 6/28/2023 6/15/2026 16041 TAOT 891941AD8 AA+ 4.710 7,500,000 7,499,581 7,419,825 5/16/2023 5/23/2023 2/15/2028 16042 TAOT 891941AB2 AA+ 5.280 4,000,000 3,999,908 3,983,120 5/16/2023 5/23/2023 5/15/2026 TOTAL INTERMEDIATE MATURITY 1,506,323,000 1,490,120,683 1,450,840,560 LONG MATURITY (98)
15430 FEDER VP6000104 AA+ - - 990,630 990,630 990,630 - - - - - - 15642 FFCB 3133EKWV4 AA+ 1.850 7,000,000 7,029,207 6,737,080 8/28/2019 8/29/2019 7/26/2024 15548 FHLB 313383YJ4 AA+ 3.375 5,950,000 5,952,135 5,927,212 10/22/2018 10/23/2018 9/8/2023 15577 FHLB 3130A0F70 AA+ 3.375 10,000,000 10,024,744 9,917,400 1/22/2019 1/23/2019 12/8/2023 15612 FHLB 3130A1XJ2 AA+ 2.875 5,400,000 5,444,932 5,268,780 6/18/2019 6/20/2019 6/14/2024 15616 FHLB 3130A1XJ2 AA+ 2.875 5,000,000 5,042,730 4,878,500 7/11/2019 7/12/2019 6/14/2024 15651 FHLB 3130A2UW4 AA+ 2.875 6,600,000 6,689,764 6,412,956 9/25/2019 9/26/2019 9/13/2024 15659 FHLB 3130A2UW4 AA+ 2.875 3,400,000 3,446,116 3,303,644 10/21/2019 10/22/2019 9/13/2024 15975 FHLB 3130ATUC9 AA+ 4.500 5,000,000 5,056,222 4,957,150 1/26/2023 1/27/2023 12/12/2025 16008 FHLB 3130ATS57 AA+ 4.500 5,000,000 5,102,216 5,056,325 3/22/2023 3/23/2023 3/10/2028 15693 FHLMC 3137EAEP0 AA+ 1.500 10,220,000 10,217,457 9,647,373 2/13/2020 2/14/2020 2/12/2025 15739 FHLMC 3137EAEU9 AA+ 0.375 6,170,000 6,157,354 5,629,446 7/21/2020 7/23/2020 7/21/2025 15744 FHLMC 3137EAEX3 AA+ 0.375 9,780,000 9,766,869 8,874,079 9/23/2020 9/25/2020 9/23/2025 15750 FHLMC 3137EAEX3 AA+ 0.375 6,000,000 5,986,995 5,444,220 10/27/2020 10/28/2020 9/23/2025 15539 FNMA 3135G0U43 AA+ 2.875 7,200,000 7,198,931 7,163,064 9/13/2018 9/14/2018 9/12/2023 15585 FNMA 3135G0V34 AA+ 2.500 11,200,000 11,192,795 11,001,648 2/21/2019 2/22/2019 2/5/2024 15682 FNMA 3135G0X24 AA+ 1.625 11,300,000 11,288,358 10,714,321 1/17/2020 1/21/2020 1/7/2025 15708 FNMA 3135G03U5 AA+ 0.625 5,570,000 5,565,846 5,151,247 4/22/2020 4/24/2020 4/22/2025 15724 FNMA 3135G03U5 AA+ 0.625 5,000,000 5,007,077 4,624,100 6/4/2020 6/5/2020 4/22/2025 15734 FNMA 3135G04Z3 AA+ 0.500 10,120,000 10,111,774 9,290,970 6/17/2020 6/19/2020 6/17/2025 15740 FNMA 3135G05X7 AA+ 0.375 9,745,000 9,725,367 8,867,463 8/25/2020 8/27/2020 8/25/2025 15754 FNMA 3135G06G3 AA+ 0.500 10,530,000 10,512,233 9,543,550 11/9/2020 11/12/2020 11/7/2025 15992 JPM 91324PEP3 A+ 5.250 3,000,000 3,042,277 3,062,090 2/21/2023 2/23/2023 2/15/2028 16067 JPM 91324PEP3 A+ 5.250 2,000,000 2,082,893 2,075,810 6/16/2023 6/21/2023 2/15/2028 15560 USTR 9128285K2 AA+ 2.875 3,350,000 3,350,160 3,323,435 11/29/2018 11/30/2018 10/31/2023 15591 USTR 912828W48 AA+ 2.125 11,300,000 11,285,575 11,061,231 4/3/2019 4/4/2019 2/29/2024 15593 USTR 912828W71 AA+ 2.125 11,000,000 10,978,718 10,736,990 4/17/2019 4/18/2019 3/31/2024 15610 USTR 912828WJ5 AA+ 2.500 10,000,000 10,049,428 9,749,200 6/10/2019 6/11/2019 5/15/2024 15615 USTR 912828X70 AA+ 2.000 5,750,000 5,756,968 5,590,323 7/11/2019 7/12/2019 4/30/2024 15660 USTR 912828YH7 AA+ 1.500 7,250,000 7,243,045 6,917,515 10/21/2019 10/22/2019 9/30/2024 15663 USTR 9128282N9 AA+ 2.125 10,500,000 10,540,181 10,139,850 11/12/2019 11/13/2019 7/31/2024 15677 USTR 912828YV6 AA+ 1.500 10,000,000 9,969,548 9,494,500 12/12/2019 12/13/2019 11/30/2024 15702 USTR 912828ZC7 AA+ 1.125 6,000,000 6,060,212 5,623,860 3/24/2020 3/25/2020 2/28/2025 15725 USTR 912828ZT0 AA+ 0.250 5,000,000 4,986,411 4,575,600 6/4/2020 6/5/2020 5/31/2025
CITY OF LONG BEACH INVESTMENT PORTFOLIO HOLDINGS ATTACHMENT B AS OF JUNE 30, 2023
Inv # Security
Description
CUSIP
Number
S&P
Rating *
Coupon
Rate (%) Par Value ($) Book Value ($) Market Value ($) Trade Date Settlement Date Maturity Date
15756 USTR 91282CBC4 AA+ 0.375 6,000,000 5,999,648 5,408,220 12/30/2020 12/31/2020 12/31/2025 15763 USTR 91282CBC4 AA+ 0.375 8,000,000 7,992,530 7,210,960 1/28/2021 1/29/2021 12/31/2025 15769 USTR 91282CBH3 AA+ 0.375 10,000,000 9,954,062 8,978,100 2/16/2021 2/18/2021 1/31/2026 15776 USTR 91282CBQ3 AA+ 0.500 11,700,000 11,601,975 10,509,876 3/24/2021 3/25/2021 2/28/2026 15787 USTR 91282CBT7 AA+ 0.750 10,000,000 9,970,973 9,038,300 4/28/2021 4/29/2021 3/31/2026 15811 USTR 91282CCF6 AA+ 0.750 5,000,000 4,979,982 4,491,200 6/17/2021 6/18/2021 5/31/2026 15819 USTR 91282CCP4 AA+ 0.625 10,000,000 9,941,047 8,909,000 8/12/2021 8/13/2021 7/31/2026 15824 USTR 91282CCW9 AA+ 0.750 5,000,000 4,981,857 4,459,400 9/17/2021 9/20/2021 8/31/2026 15826 USTR 91282CCX7 AA+ 0.375 5,000,000 4,990,097 4,712,700 9/29/2021 9/30/2021 9/15/2024 15840 USTR 91282CDQ1 AA+ 1.250 10,000,000 9,990,971 9,000,000 12/30/2021 12/31/2021 12/31/2026 15870 USTR 912828Z78 AA+ 1.500 5,000,000 4,797,669 4,529,100 4/7/2022 4/8/2022 1/31/2027 15871 USTR 912828ZC7 AA+ 1.125 5,000,000 4,877,655 4,686,550 4/7/2022 4/8/2022 2/28/2025 15902 USTR 91282CEN7 AA+ 2.750 7,500,000 7,437,684 7,084,875 6/3/2022 6/6/2022 4/30/2027 15903 USTR 91282CEQ0 AA+ 2.750 7,500,000 7,482,461 7,203,825 6/3/2022 6/6/2022 5/15/2025 15914 USTR 91282CEN7 AA+ 2.750 2,500,000 2,470,354 2,361,625 6/30/2022 6/30/2022 4/30/2027 15915 USTR 91282CEQ0 AA+ 2.750 2,500,000 2,486,831 2,401,275 6/30/2022 6/30/2022 5/15/2025 15922 USTR 91282CEW7 AA+ 3.250 7,000,000 7,067,767 6,732,040 8/9/2022 8/10/2022 6/30/2027 15932 USTR 91282CEY3 AA+ 3.000 3,000,000 2,965,398 2,891,370 9/9/2022 9/12/2022 7/15/2025 15933 USTR 91282CEW7 AA+ 3.250 3,000,000 2,977,344 2,885,160 9/9/2022 9/12/2022 6/30/2027 15937 USTR 91282CEN7 AA+ 2.750 5,000,000 4,736,872 4,723,250 9/27/2022 9/28/2022 4/30/2027 15938 USTR 91282CEW7 AA+ 3.250 5,000,000 4,818,328 4,808,600 9/27/2022 9/28/2022 6/30/2027 15941 USTR 91282CFP1 AA+ 4.250 7,500,000 7,453,699 7,416,225 10/19/2022 10/20/2022 10/15/2025 15952 USTR 91282CFM8 AA+ 4.125 7,000,000 7,076,407 6,960,870 12/20/2022 12/21/2022 9/30/2027 15974 USTR 91282CGC9 AA+ 3.875 4,750,000 4,799,851 4,683,405 1/26/2023 1/27/2023 12/31/2027 15984 USTR 91282CGC9 AA+ 3.875 5,250,000 5,256,230 5,176,395 2/8/2023 2/9/2023 12/31/2027 16038 USTR 91282CGT2 AA+ 3.625 5,000,000 5,053,033 4,906,380 5/15/2023 5/16/2023 3/31/2028 16053 USTR 91282CGT2 AA+ 3.625 2,750,000 2,730,945 2,701,233 5/25/2023 5/26/2023 3/31/2028 16066 USTR 91282CHE4 AA+ 3.625 9,000,000 8,871,769 8,820,998 6/16/2023 6/20/2023 5/31/2028 15875 AMAZON 023135CF1 AA 3.300 3,235,000 3,229,958 3,080,788 4/11/2022 4/13/2022 4/13/2027 15886 AMAZON 023135CF1 AA 3.300 1,765,000 1,753,286 1,680,862 5/10/2022 5/12/2022 4/13/2027 15904 AMAZON 023135CF1 AA 3.300 2,000,000 1,989,301 1,904,660 6/7/2022 6/9/2022 4/13/2027 15823 APPLE 037833DT4 AA+ 1.125 3,120,000 3,136,902 2,906,873 9/16/2021 9/20/2021 5/11/2025 15803 BOA 06051GJG5 A- 0.981 3,500,000 3,504,912 3,288,320 5/19/2021 5/21/2021 9/25/2025 15872 BOA 06051GJQ3 A- 1.658 2,000,000 1,888,115 1,799,760 4/7/2022 4/11/2022 3/11/2027 15856 BRKHAT 084664CZ2 AA 2.300 5,500,000 5,499,226 5,143,050 3/7/2022 3/15/2022 3/15/2027 15887 CATPLR 14913R2V8 A 3.400 2,225,000 2,223,242 2,154,156 5/10/2022 5/13/2022 5/13/2025 15855 CSCHWB 808513BY0 A- 2.450 1,860,000 1,858,525 1,666,132 3/1/2022 3/3/2022 3/3/2027 15862 GUARD 40139LBF9 AA+ 3.246 1,465,000 1,465,000 1,364,691 3/24/2022 3/29/2022 3/29/2027 15842 HONDA 02665WEA5 A- 1.500 3,640,000 3,638,530 3,430,154 1/11/2022 1/13/2022 1/13/2025 15846 HONDA 02665WEA5 A- 1.500 1,360,000 1,351,681 1,281,596 2/7/2022 2/9/2022 1/13/2025 16037 HONEYW 438516CJ3 A 4.950 1,750,000 1,831,179 1,795,605 5/15/2023 5/17/2023 2/15/2028 15829 JDEERE 24422EVW6 A 1.300 3,500,000 3,460,187 3,106,705 11/24/2021 11/29/2021 10/13/2026 15982 JDEERE 24422EWR6 A 4.750 3,000,000 3,045,391 3,009,385 2/7/2023 2/9/2023 1/20/2028 15802 JPM 46647PBK1 A- 2.083 3,500,000 3,572,628 3,277,750 5/19/2021 5/21/2021 4/22/2026 15905 JPM 46647PCB0 A- 1.578 3,000,000 2,788,649 2,694,630 6/7/2022 6/9/2022 4/22/2027 16001 JPM 57636QAW4 A+ 4.875 3,080,000 3,077,198 3,114,835 3/6/2023 3/9/2023 3/9/2028 15910 MERCK& 58933YBC8 A+ 1.700 5,000,000 4,564,334 4,479,150 6/14/2022 6/16/2022 6/10/2027 15841 METLFE 59217GER6 AA- 1.875 3,780,000 3,776,960 3,367,489 1/3/2022 1/11/2022 1/11/2027 15853 METLFE 59217GER6 AA- 1.875 1,220,000 1,193,115 1,086,861 2/23/2022 2/25/2022 1/11/2027 15818 MICRSF 594918BJ2 AAA 3.125 3,500,000 3,679,471 3,369,065 7/27/2021 7/29/2021 11/3/2025 15884 NORTHT 665859AW4 A+ 4.000 2,050,000 2,047,437 1,974,909 5/5/2022 5/10/2022 5/10/2027 15911 NORTHT 665859AW4 A+ 4.000 2,950,000 2,923,667 2,841,942 6/15/2022 6/17/2022 5/10/2027 15830 PRICOA 74153WCQ0 AA- 1.150 3,000,000 2,998,524 2,807,190 12/1/2021 12/8/2021 12/6/2024 15873 RBC 78016EZ59 A 3.375 2,420,000 2,419,467 2,329,686 4/7/2022 4/14/2022 4/14/2025 15874 RBC 78016EZ59 A 3.375 1,080,000 1,078,020 1,039,694 4/8/2022 4/14/2022 4/14/2025 15813 SFORCE 79466LAG9 A+ 0.625 945,000 944,834 899,546 6/29/2021 7/12/2021 7/15/2024 15845 STSTRT 857477BR3 A 1.746 1,570,000 1,570,000 1,470,980 2/2/2022 2/7/2022 2/6/2026 15854 STSTRT 857477BM4 A 2.901 3,250,000 3,285,237 3,099,330 2/23/2022 2/25/2022 3/30/2026 15827 TORBNK 89114TZG0 A 1.250 5,000,000 4,937,815 4,419,900 11/1/2021 11/3/2021 9/10/2026 15931 TORBNK 89115A2H4 A 4.693 1,830,000 1,830,000 1,791,039 9/8/2022 9/15/2022 9/15/2027 15812 TOYOTA 89236TJK2 A+ 1.125 5,060,000 5,058,680 4,524,247 6/15/2021 6/18/2021 6/18/2026 16068 TOYOTA 89236TKQ7 A+ 4.625 1,500,000 1,522,381 1,517,471 6/16/2023 6/21/2023 1/12/2028 15822 WMART 931142ER0 AA 1.050 1,190,000 1,188,556 1,062,468 9/8/2021 9/17/2021 9/17/2026 TOTAL LONG MATURITY * 512,120,630 510,951,010 484,223,410 TOTAL INVESTMENTS 2, 276,186,504 2,258,127,232 2,192,062,143
CITY OF LONG BEACH INVESTMENT PORTFOLIO HOLDINGS ATTACHMENT B AS OF JUNE 30, 2023
Inv # Security
Description
CUSIP
Number
S&P
Rating *
Coupon
Rate (%) Par Value ($) Book Value ($) Market Value ($) Trade Date Settlement Date Maturity Date
CASH
CASHBO CASHBA CASHBOA 295,349 295,349 295,349 ‐ ‐ ‐ ‐ ‐ ‐ CASHUS CASHUS CASHUS 6,394,374 6,394,374 6,394,374 ‐ ‐ ‐ ‐ ‐ ‐ TOTAL CASH 6,689,724 6,689,724 6,689,724 TOTAL CASH AND INVESTMENTS 2, 282,876,227 2,264,816,956 2,198,751,867 Note *: Per California Government Code and industry practice, ratings modifiers (+/‐) are not utilized to determine investment eligibility, only the rating category (i.e. AAA / AA / A /BBB ) are used. The 2021 California Debt and Investment Advisory Commission (CDIAC) 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 53601(h)(1)(C)Commercial Paper , 53601(k) Medium Term Notes, 53601(o) Mortgage Passthrough Securities, and 53601(q) Supranationals.