City of Manhattan Beach
Finance Department
Investment Portfolio
May 2023
As Finance Director for the City of Manhattan Beach, I hereby certify that these investments are in compliance with the City’s investment policy (unless otherwise noted). Sufficient liquidity has been maintained to meet budget expenditure requirements for the current six month period.
CITY OF MANHATTAN BEACH
Portfolio Management
May 1, 2023 through May 31, 2023
Portfolio Summary
% of
Portfolio
Book
ValueInvestments
Market
Value
Par
Value
Days to
Maturity
Term
YTM
360 Equiv.
YTM
365 Equiv.
LAIF 45,000,000.00 133.09 2.952145,000,000.0045,000,000.00 2.993 Medium Term Notes 17,278,355.77 1,64912.71 2.93989616,998,690.0018,000,000.00 2.979 Federal Agency Issues - Coupon 31,819,790.65 1,43523.40 2.28262330,896,810.0032,000,000.00 2.313 Treasury Securities - Coupon 41,880,289.09 1,58730.80 1.95898840,065,240.0043,000,000.00 1.985 135,978,435.51 100.00%
Investments
132,960,740.00138,000,000.00 1,034 564 2.487 2.522
Cash
(not included in yield calculations)
Passbook/Checking 17,533,402.88 1 0.000117,533,402.8817,533,402.88 0.000 153,511,838.39Total Cash and Investments 150,494,142.88155,533,402.88 1,034 564 2.487 2.522 Current Year
May 31
248,440.47
Fiscal Year To Date
2,119,205.31
Total Earnings Month Ending
__________________________________________________ ____________________ STEVE S. CHARELIAN, FINANCE DIRECTOR
Portfolio CITY
CP
Reporting period 05/01/2023-05/31/2023
Run Date: 06/16/2023 - 16:35 PM (PRF_PM1) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
May 31, 2023
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
LAIF
2.993Local Agency Invest. Fund3000 45,000,000.00 45,000,000.00 2.99307/01/2018 45,000,000.00SYS3000 1 45,000,000.0045,000,000.0045,000,000.00Subtotal and Average 2.993 1 Medium Term Notes
4.905APPLE INCMTN0112 1,000,000.00 917,649.61 09/12/20272.90010/25/2022 951,260.00037833DB3 1,564
1.963AMAZON.COM LLCMTN0111 1,000,000.00 967,368.59 05/12/20261.00002/24/2022 906,830.00 AA023135BX3 1,076
4.282AMAZON.COM LLCMTN0116 1,000,000.00 951,464.00 08/22/20273.15002/09/2023 954,020.00023135BC9 1,543
1.951BANK OF NY MELLOMTN0106 1,000,000.00 1,009,011.00 08/16/20232.20009/09/2019 992,070.00 A06406FAD5 76
1.850BANK OF NY MELLOMTN0109 1,000,000.00 1,011,205.00 10/24/20242.10002/10/2020 957,370.00 A06406RAL1 511
4.410BANK OF NY MELLOMTN0118 1,000,000.00 957,173.00 01/29/20283.40004/14/2023 941,760.0006406RAF4 1,703
3.743COSTCO COMPANIESMTN0117 1,000,000.00 904,108.00 06/20/20271.37504/14/2023 893,940.0022160KAN5 1,480
3.765COSTCO COMPANIESMTN0119 1,000,000.00 903,263.00 06/20/20271.37504/18/2023 893,940.0022160KAN5 1,480
1.977Walt DisneyMTN0107 2,000,000.00 1,992,716.62 08/30/20241.75012/12/2019 1,919,240.00 A-254687FK7 456
4.593Johnson & JohnsonMTN0113 1,000,000.00 846,890.32 09/01/20270.95010/25/2022 879,100.00 AAA478160CP7 1,553
3.880Johnson & JohnsonMTN0114 1,000,000.00 870,132.01 09/01/20270.95012/22/2022 879,100.00 AAA478160CP7 1,553
1.890COCA-COLA COMTN0108 1,000,000.00 993,679.00 09/06/20241.75012/12/2019 966,140.00 A+191216CL2 463
2.025MICROSOFT CORPMTN0104 1,000,000.00 999,000.00 08/08/20232.00007/01/2019 995,160.00 AAA594918BQ6 68
4.163MICROSOFT CORPMTN0115 1,000,000.00 966,773.11 02/06/20273.30012/22/2022 977,810.00 AAA594918BY9 1,346
0.950MERCK & CO INCMTN0110 1,000,000.00 991,420.00 02/24/20260.75010/05/2021 910,320.00 A+58933YAY1 999
3.461TOYOTA MOTOR CREDITMTN0099 1,000,000.00 999,500.00 09/20/20233.45009/21/2018 993,610.00 A+89236TFN0 111
2.634TOYOTA MOTOR CREDITMTN0101 1,000,000.00 997,002.51 10/18/20232.25003/26/2019 987,020.00 A+89236TDK8 139 17,278,355.7716,998,690.0018,000,000.00Subtotal and Average 2.979 896 Federal Agency Issues - Coupon
3.850FARMER MACFAC0304 1,000,000.00 1,000,000.00 02/14/20283.85002/14/2023 996,580.0031422XW99 1,719
3.000FED FARM CR BKFAC0276 2,000,000.00 1,990,360.00 06/19/20232.89010/02/2018 1,997,700.00 AA+3133EJSD2 18
2.840FED FARM CR BKFAC0278 2,000,000.00 2,002,956.33 07/24/20233.08012/12/2018 1,992,980.00 AA+3133EJK57 53
1.870FED FARM CR BKFAC0294 1,000,000.00 997,642.00 08/22/20251.80002/24/2022 941,530.00 AA+3133ENPX2 813
2.747FED FARM CR BKFAC0296 2,000,000.00 2,033,468.61 03/22/20273.15004/11/2022 1,934,900.00 AA+3133EJDV8 1,390
2.625FED FARM CR BKFAC0297 2,000,000.00 2,000,000.00 05/16/20242.62505/16/2022 1,952,780.00 AA+3133ENWP1 350
3.250FED FARM CR BKFAC0301 1,000,000.00 956,408.74 11/18/20240.87506/17/2022 943,200.003133ENEJ5 536
4.550FED FARM CR BKFAC0303 1,000,000.00 998,356.00 07/27/20264.50010/27/2022 1,007,800.003133ENV72 1,152
1.771Federal Home Loan BankFAC0285 2,000,000.00 2,037,915.11 09/13/20242.87512/11/2019 1,951,860.003130A2UW4 470
1.470Federal Home Loan BankFAC0289 1,000,000.00 1,001,306.00 08/15/20241.50002/07/2020 959,590.00 AA+3130AGWK7 441
0.312Federal Home Loan BankFAC0291 1,000,000.00 1,038,617.51 06/14/20242.87502/04/2021 977,320.00 AA+3130A1XJ2 379
1.871Federal Home Loan BankFAC0293 1,000,000.00 995,852.00 09/12/20251.75002/24/2022 943,060.00 AA+3130A8ZQ9 834 Portfolio CITY
CP
Run Date: 06/16/2023 - 16:35 PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
May 31, 2023
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Federal Agency Issues - Coupon
3.230Federal Home Loan BankFAC0300 1,000,000.00 990,620.00 06/28/20242.75006/17/2022 975,970.003130ASDS5 393
4.343Federal Home Loan BankFAC0302 1,000,000.00 884,333.51 06/12/20260.87510/24/2022 905,560.003130AN4T4 1,107
2.722Federal Home Loan MortgageFAC0298 2,000,000.00 1,874,439.22 09/23/20250.37505/13/2022 1,825,280.00 AA+3137EAEX3 845
1.700Fannie MaeFAC0286 2,000,000.00 1,993,020.00 10/15/20241.62512/11/2019 1,916,100.00 AA+3135G0W66 502
1.500Fannie MaeFAC0287 2,000,000.00 2,011,260.00 10/15/20241.62502/07/2020 1,916,100.00 AA+3135G0W66 502
1.526Fannie MaeFAC0288 2,000,000.00 2,007,546.98 07/02/20241.75002/07/2020 1,935,380.00 AA+3135G0V75 397
0.259Fannie MaeFAC0290 1,000,000.00 1,022,920.24 07/02/20241.75002/04/2021 967,690.00 AA+3135G0V75 397
0.499Fannie MaeFAC0292 1,000,000.00 1,018,986.51 09/12/20232.87502/04/2021 993,200.00 AA+3135G0U43 103
3.597Fannie MaeFAC0305 1,000,000.00 883,920.00 10/08/20270.75004/14/2023 876,060.003135G05Y5 1,590
1.763Tennessee Valley AuthorityFAC0295 1,000,000.00 974,973.77 05/15/20250.75002/24/2022 927,990.00 AA+880591EW8 714
2.894Tennessee Valley AuthorityFAC0299 1,000,000.00 1,104,888.12 11/01/20256.75005/13/2022 1,058,180.00 AA+880591CJ9 884 31,819,790.6530,896,810.0032,000,000.00Subtotal and Average 2.313 623 Treasury Securities - Coupon
2.525US TREASURYUST0029 1,000,000.00 993,037.29 07/31/20231.25002/14/2019 993,290.00912828S92 60
2.432US TREASURYUST0030 1,000,000.00 992,841.36 08/31/20231.37502/14/2019 990,040.009128282D1 91
2.234US TREASURYUST0033 1,000,000.00 995,039.06 02/29/20242.12505/13/2019 976,840.00912828W48 273
2.240US TREASURYUST0034 1,000,000.00 994,687.50 03/31/20242.12505/13/2019 974,650.00912828W71 304
1.493US TREASURYUST0035 2,000,000.00 2,013,594.72 08/31/20241.87502/07/2020 1,925,320.009128282U3 457
0.561US TREASURYUST0036 1,000,000.00 991,593.08 06/30/20250.25005/28/2021 919,650.00912828ZW3 760
0.591US TREASURYUST0039 1,000,000.00 991,355.45 06/30/20250.25008/11/2021 919,650.00912828ZW3 760
1.058US TREASURYUST0047 1,000,000.00 980,845.11 05/31/20250.25012/08/2021 920,940.00912828ZT0 730
1.001US TREASURYUST0051 1,000,000.00 1,003,906.25 02/28/20251.12512/09/2021 942,500.00912828ZC7 638
2.665US TREASURYUST0054 2,000,000.00 1,909,374.01 01/31/20271.50004/08/2022 1,834,220.00912828Z78 1,340
3.287US TREASURYUST0057 1,000,000.00 936,296.28 08/15/20261.50006/17/2022 924,810.009128282A7 1,171
3.285US TREASURYUST0059 1,000,000.00 962,398.01 05/15/20272.37509/01/2022 944,530.00912828X88 1,444
3.295US TREASURYUST0060 1,000,000.00 961,974.60 05/15/20272.37509/01/2022 944,530.00912828X88 1,444
3.241US TREASURYUST0062 1,000,000.00 884,026.81 06/30/20270.50009/01/2022 872,890.00912828ZV5 1,490
4.180US TREASURYUST0064 1,000,000.00 902,486.90 10/31/20261.62510/25/2022 925,510.00912828YQ7 1,248
3.747US TREASURYUST0066 1,000,000.00 933,828.13 08/15/20272.25002/09/2023 937,540.009128282R0 1,536
0.576US TREASURYUST0037 2,000,000.00 1,982,140.38 07/31/20250.25005/28/2021 1,833,280.0091282CAB7 791
0.620US TREASURYUST0038 1,000,000.00 989,739.80 08/31/20250.25005/28/2021 914,180.0091282CAJ0 822
0.601US TREASURYUST0040 1,000,000.00 991,006.90 07/31/20250.25008/11/2021 916,640.0091282CAB7 791
0.586US TREASURYUST0041 1,000,000.00 990,239.73 08/31/20250.25008/11/2021 914,180.0091282CAJ0 822
0.658US TREASURYUST0042 1,000,000.00 991,526.79 11/30/20250.37508/09/2021 910,590.0091282CAZ4 913
0.681US TREASURYUST0043 1,000,000.00 988,541.88 07/31/20250.25010/05/2021 916,640.0091282CAB7 791 Portfolio CITY
CP
Run Date: 06/16/2023 - 16:35 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
May 31, 2023
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Treasury Securities - Coupon
0.707US TREASURYUST0044 2,000,000.00 1,971,951.75 10/31/20250.25010/05/2021 1,819,760.0091282CAT8 883
0.907US TREASURYUST0045 1,000,000.00 992,500.00 08/31/20260.75010/05/2021 901,600.0091282CCW9 1,187
0.892US TREASURYUST0046 1,000,000.00 990,392.08 07/31/20260.62510/05/2021 900,120.0091282CCP4 1,156
1.191US TREASURYUST0048 1,000,000.00 985,409.95 05/31/20260.75012/09/2021 907,810.0091282CCF6 1,095
1.176US TREASURYUST0049 1,000,000.00 988,932.51 06/30/20260.87512/09/2021 910,660.0091282CCJ8 1,125
1.210US TREASURYUST0050 1,000,000.00 987,478.98 09/30/20260.87512/09/2021 904,260.0091282CCZ2 1,217
1.678US TREASURYUST0052 2,000,000.00 1,916,355.89 09/30/20250.25002/24/2022 1,826,640.0091282CAM3 852
2.581US TREASURYUST0053 1,000,000.00 943,586.68 10/31/20261.12504/08/2022 909,730.0091282CDG3 1,248
2.750US TREASURYUST0055 1,000,000.00 996,500.00 04/15/20252.62505/16/2022 966,480.0091282CEH0 684
3.187US TREASURYUST0056 1,000,000.00 908,183.10 07/31/20260.62506/17/2022 900,120.0091282CCP4 1,156
3.302US TREASURYUST0058 1,000,000.00 912,781.52 09/30/20260.87506/17/2022 904,260.0091282CCZ2 1,217
3.300US TREASURYUST0061 1,000,000.00 997,755.04 06/30/20273.25009/01/2022 975,740.0091282CEW7 1,490
3.309US TREASURYUST0063 1,000,000.00 977,313.97 07/31/20272.75009/01/2022 956,410.0091282CFB2 1,521
3.787US TREASURYUST0065 1,000,000.00 954,972.14 07/31/20272.75012/22/2022 956,410.0091282CFB2 1,521
3.804US TREASURYUST0067 2,000,000.00 1,975,695.44 01/31/20283.50002/09/2023 1,972,820.0091282CGH8 1,705 41,880,289.0940,065,240.0043,000,000.00Subtotal and Average 1.985 988 Total and Average 138,000,000.00 2.522 564132,960,740.00 135,978,435.51 Portfolio CITY
CP
Run Date: 06/16/2023 - 16:35 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Stated
RateMarket Value
May 31, 2023
Portfolio Details - Cash
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Money Market Fund
0.000UNION BANK39901 17,533,402.88 17,533,402.8807/01/2018 17,533,402.88SYS39903-39902 1 Subtotal and Average
Total Cash and Investments 155,533,402.88 2.522 564
1 150,494,142.88 153,511,838.39
Portfolio CITY
CP
Run Date: 06/16/2023 - 16:35 PM (PRF_PM2) 7.3.11
City of Manhattan Beach
Investment Portfolio Summary
As of May 31, 202
3 PORTFOLIO PROFILE May 31, 2023 Apr 30, 2023 Mar 31, 2023 Feb 28, 2023 Jan 31, 2023 Total Book Value (Excluding Trust Funds) $135,978,436 $137,238,776 $127,327,216 $127,327,216 $124,465,943 Increase/(Decrease) from Prior Period (1,260,341) 9,911,560 - 2,861,273 6,000,000 Percentage Change (0.9%) 7.8% 0.0% 2.3% 5.1%
Average Yield to Maturity (365 Days) 2.522% 2.488% 2.417% 2.353% 2.237% Increase/(Decrease) from Prior Period 0.034% 0.071% 0.063% 0.117% 0.080%
PORTFOLIO ALLOCATIONS
By Security Value (Par) Percent Par YTM Time Horizon Percent LAIF* $45,000,000 32.61% 2.993% Next 12 months 43%
Medium Term Notes 18,000,000 13.0% 2.979% Months 13-24 17% Federal Agencies 32,000,000 23.2% 2.313% Months 25-36 15% U.S. Treasuries 43,000,000 31.2% 1.985% Months 37-48 13% Total $138,000,000 100.0% 2.519% Months 49-60 12%
*LAIF YTM as of May 31, 2023 BAD Total 100.0%
RECENT ACTIVITY
Security Date of Activity Maturity Date Purchase (Par) Maturing/Call YTM FNMA - 0.75% Coupon 4/14/2023 10/8/2027 1,000,000 3.597% MTN - 1.375% Coupon 4/14/2023 6/20/2027 1,000,000 3.743% MTN - 3.4% Coupon 4/14/2023 1/29/2028 1,000,000 4.410%
MTN - 1.375% Coupon 4/18/2023 6/20/2027 1,000,000 3.765% Total Purchases $4,000,00 0 3.879%
Matured: FHLB - 2.5% Coupon 12/9/2022 12/9/2022 1,000,000 2.357% Matured: FFCB - 2.57% Coupon 2/16/2023 2/16/2023 2,000,000 2.708% Matured: MTN - 2.4% Coupon 5/3/2023 5/3/2023 1,000,000 3.298% Total Maturing/Calls $4,000,000 2.768%
City of Manhattan Beach
Investment Portfolio Summary
As of May 31, 202
3 FUNDS HELD IN TRUST Value
Police/Fire Refunding Bonds $1,308.08
Fire Station 2 COPs 536.87
Marine Avenue Refunding Bonds 1.11
Pension Obligation Bonds 11,215.07
Metlox & Water/Wastewater Refunding Bonds 1,513.01
UUAD Assessment Refunding Bonds 512,323.66
UUAD Assessment District 12 & 14 403,578.84
UUAD Assessment District 4 204,036.73
PARS Investment Trust 2,809,110.62
Total Funds Held in Trust $3,943,623.99
As of May 31, 2023
3‐Month 6 ‐Month 2 ‐Year 5 ‐Year 10 ‐Year
March 2023 4.86% 4.99% 4.30% 3.82% 3.66%
April 2023 5.07% 4.99% 4.02% 3.54% 3.46%
May 2023 5.31% 5.27% 4.13% 3.59% 3.57%
Portfolio 2.522% 2.522% 2.522% 2.522% 2.522%
LAIF 2 993% 2 993% 2 993% 2 993% 2 993%
Portfolio, 2.522%
LAIF, 2.993%
‐0.50%
0.50%
1.50%
2.50%
3.50%
4.50%
5.50%
US Treasuries Yield Curve
www.treas.gov
Monthly yields are interpolated by the Treasury from the daily yield curve.
CITY OF MANHATTAN BEACH HELD TO MATURITY
Portfolio Maturity Structure Rolling 60 Months
June 2023 through May 2028
Mth Mat. YTM Inv Call Amt Mth Mat. YTM Inv Call Amt Mth Mat. YTM Inv Call Amt Mth Mat. YTM Inv Call Amt Mth Mat. YTM Inv Call Amt Jun 23 6/19/23 3.0% FFCB nc $2.0M Jun 24 6/14/24 0.31% FHLB nc $1.0M Jun 25 6/30/25 0.56% T nc $1.0M Jun 26 6/30/26 1.18% T nc $1.0M Jun 27 6/20/27 3.74% MTN nc $1.0M 6/28/24 3.23% FHLB nc $1.0M 6/30/25 0.59% T nc $1.0M 6/12/26 4.34% FHLB nc $1.0M 6/30/27 3.24% T nc $1.0M 6/30/27 3.30% T nc $1.0M
6/20/27 3.76% MTN nc $1.0M
Jul 23 7/24/23 2.8% FFCB nc $2.0M Jul 24 7/2/24 1.53% FNMA nc $2.0M Jul 25 7/31/25 0.58% T nc $2.0M Jul 26 7/31/26 0.89% T nc $1.0M Jul 27 7/31/27 3.31% T nc $1.0M 7/31/23 2.5% T nc $1.0M 7/2/24 0.26% FNMA nc $1.0M 7/31/25 0.60% T nc $1.0M 7/31/26 3.19% T nc $1.0M 7/31/27 3.79% T nc $1.0M 7/31/25 0.68% T nc $1.0M 7/27/26 4.55% FFCB nc $1.0M
Aug 23 8/31/23 2.4% T nc $1.0M Aug 24 8/15/24 1.47% FHLB nc $1.0M Aug 25 8/31/25 0.62% T nc $1.0M Aug 26 8/31/26 0.91% T nc $1.0M Aug 27 8/15/27 3.75% T nc $1.0M 8/8/23 2.0% MTN MW:12.5 $1.0M 8/30/24 1.98% MTN 7/30/24 $2.0M 8/31/25 0.59% T nc $1.0M 8/15/26 3.29% T nc $1.0M 8/22/27 4.28% MTN nc $1.0M 8/16/23 2.0% MTN 6/16/23 $1.0M 8/31/24 1.49% T nc $2.0M 8/22/25 1.87% FFCB nc $1.0M Sep 23 9/20/23 3.5% MTN nc $1.0M Sep 24 9/6/24 1.89% MTN 9/6/24 $1.0M Sep 25 9/12/25 1.87% FHLB nc $1.0M Sep 26 9/30/26 1.21% T nc $1.0M Sep 27 9/12/27 4.91% MTN nc $1.0M 9/12/23 0.5% FNMA nc $1.0M 9/13/24 1.77% FHLB nc $2.0M 9/23/25 2.72% FHLM C nc $2.0M 9/30/26 3.30% T nc $1.0M 9/1/27 4.59% MTN nc $1.0M 9/30/25 1.68% T nc $2.0M 9/1/27 3.88% MTN nc $1.0M
Oct 23 10/18/23 2.6% MTN nc $1.0M Oct 24 10/15/24 1.70% FNMA nc $2.0M Oct 25 10/31/25 0.71% T nc $2.0M Oct 26 10/31/26 2.58% T nc $1.0M Oct 27 10/8/27 3.60% FNMA nc $1.0M 10/15/24 1.50% FNMA nc $2.0M 10/31/26 4.18% T nc $1.0M
10/24/24 1.85% MTN 9/6/24 $1.0M
Nov 23 Nov 24 11/18/24 3.25% FFCB nc $1.0M Nov 25 11/30/25 0.66% T nc $1.0M Nov 26 Nov 27 11/1/25 2.89% TVA nc $1.0M
Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Jan 24 Jan 25 Jan 26 Jan 27 1/31/27 2.67% T
nc $2.0M Jan 28 1/29/28 4.41% MTN nc $1.0M
1/31/28 3.80% T nc $2.0M
Feb 24 2/29/24 2.2% T nc $1.0M Feb 25 2/28/25 1.00% T nc $1.0M Feb 26 2/24/26 0.95% MTN MW: 10 $1.0M Feb 27 2/6/27 4.16% MTN nc $1.0M Feb 28 2/14/28 3.85% FAMCA nc $1.0M Mar 24 3/31/24 2.2% T nc $1.0M Mar 25 Mar 26 Mar 27 3/22/27 2.75% FFCB nc $2.0M Mar 28 Apr 24 Apr 25 4/15/25 2.75% T nc $1.0M Apr 26 Apr 27 Apr 28 May 24 5/16/24 2.6% FFCB nc $2.0M May 25 5/15/25 1.76% TVA nc $1.0M May 26 5/31/26 1.19% T nc $1.0M May 27 5/15/27 3.28% T nc $1.0M May 28 5/31/25 1.06% T nc $1.0M 5/12/26 1.96% MTN nc $1.0M 5/15/27 3.29% T nc $1.0M Total By Year (excl LAIF) $15.0m $23.0m $21.0m $18.0m $16.0m % of Total Securities (excl LAIF) 16% 25% 23% 19% 17%
% of Total Investments (incl LAIF) 43% 17% 15% 13% 12%
Total Securities 67% $93.0M
LAIF 33% $45.0M
Total Investments 100%
$138.0M
Shaded rows indicate months with significant cash inflows.
City of Manhattan Beach
Investment Policy Compliance Chart
As of May 31, 202
3 Instrument % of Total Limit Compliant? Limit Compliant? Limit Compliant? Local Agency Investment Fund (LAIF) $45,000,000 32.6% $75,000,000 Yes Treasury Securities
US Treasury $43,000,000 31.2% 5 Years Yes
Total U.S. Treasuries (37) TRUE $43,000,000 31.2%
Medium Term (Corporate) Notes
Coca-Cola 1,000,000 0.7% 5.0% Yes 5 Years Yes
Amazon 2,000,000 1.4% 5.0% Yes 5 Years Yes
Costco 2,000,000 1.4% 5.0% Yes 5 Years Yes
Total Consumer Goods Sector $5,000,000 3.6% 10.0% Yes
Toyota Motor Credit 2,000,000 1.4% 5.0% Yes 5 Years Yes Bank of NY 3,000,000 2.2% 5.0% Yes 5 Years Yes
Total Financial Sector $5,000,000 3.6% 10.0% Yes
Johnson & Johnson 2,000,000 1.4% 5.0% Yes 5 Years Yes
Merck 1,000,000 0.7% 5.0% Yes 5 Years Yes
Total Pharmaceuticals Sector $3,000,000 2.2% 10.0% Yes
Apple Inc 1,000,000 0.7% 5.0% Yes 5 Years Yes
Microsoft Corp 2,000,000 1.4% 5.0% Yes 5 Years Yes
Total Technology Sector $3,000,000 2.2% 10.0% Yes
Walt Disney Co 2,000,000 1.4% 5.0% Yes 5 Years Yes
Total Communication Services Sector $2,000,000
Total Medium Term Notes (17) TRUE $18,000,000 13.0% 20.0% Yes Federal Agencies
Federal Home Loan Bank (FHLB) $7,000,000 5.1% 33.3% Yes 5 Years Yes Federal Farm Credit (FFCB) 11,000,000 8.0% 33.3% Yes 5 Years Yes Fannie Mae (FNMA) 9,000,000 6.5% 33.3% Yes 5 Years Yes
Freddie Mac (FHLMC) 2,000,000 1.4% 33.3% Yes 5 Years Yes Frarmer Mac (FAMCA) 1,000,000 0.7% 33.3% Yes 5 Years Yes Tennessee Valley Authority (TVA) 2,000,000 1.4% 33.3% Yes 5 Years Yes Total Federal Agencies (23) TRUE $32,000,000 23.2% 60.0% Yes Total Portfolio $138,000,000 100.0%
Dollar Compliance Percentage Compliance Term Compliance Temporary Suspension
Investments Book Value
LAIF $45,000,000.00
Treasury Securities 41,880,289.09
Federal Agency Issues-Coupon 31,819,790.65
Medium Term Notes 17,278,355.77
Subtotal Investments $135,978,435.51
Demand Deposit/Petty Cash
Cash in Bank $17,533,402.88
Petty Cash 2,771.41
$17,536,174.29
Subtotal City Cash & Investments $153,514,609.80
Bond Funds Held in Trust
Police Fire Refunding $1,308.08
Fire Station 2 COPs 536.87
Marine Ave Park Refunding 1.11
Metlox & Water/Wastewater Refunding 1,513.01
Utility Assessment Districts 1,119,939.23
Pension Obligation Bonds 11,215.07
Subtotal Bonds Held in Trust $1,134,513.37
Investment Trust Funds
PARS Pension Rate Stabilization Trust 2,809,110.62
Treasurer's Balance $157,458,233.79
CITY OF MANHATTAN BEACH
TREASURER'S REPORT
May 31, 2023
Subtotal Demand Deposit
May 2.993
April 2.870
March 2.831
PMIA Quarter to Date(1): 2.63
275PMIA Average Life(1):
2.74LAIF Apportionment Rate(2):
0.00007493902135155
0.986510329
LAIF Earnings Ratio(2):
LAIF Fair Value Factor(1):
PMIA Daily(1): 2.87
Treasuries
66.66%
Agencies
20.56%
Certificates of
Deposit/Bank Notes
5.59%
Time
Deposits
2.84%
Commercial
Paper
3.94%
Corporate
Bonds
0.23%
Loans
0.18%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a).
Source:
(1) State of California, Office of the Treasurer
(2) State of Calfiornia, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 06/07/23
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 03/31/23
Chart does not include $3,011,000.00 in mortgages, which equates to 0.002%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
04/30/23
$185.4 billion