City of Manhattan Beach
Finance Department
\I.Iii ) \ ."I
'NiNC
Investment Portfolio
July 2024
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.
Onyx
o
Jon \
�
(Aug 6,
,Jom
2024
r
13:52 PDT)
Onyx Jones, Interim Finance Director
CITY OF MANHATTAN BEACH
Portfolio Management
July 1, 2024 through July 31, 2024
Portfolio Summary
% of
Portfolio
Book
ValueInvestments
Market
Value
Par
Value
Days to
Maturity
Term
YTM
360 Equiv.
YTM
365 Equiv.
LAIF 27,517,532.23 121.57 4.454127,517,532.2327,517,532.23 4.516 Medium Term Notes 25,103,632.94 1,66719.68 3.6701,03825,054,410.0026,000,000.00 3.721 Federal Agency Issues - Coupon 27,841,021.57 1,57821.82 3.04974727,722,200.0028,000,000.00 3.091 Treasury Securities - Coupon 47,128,679.51 1,61236.94 2.34483746,065,520.0048,000,000.00 2.376 127,590,866.25 100.00%
Investments
126,359,662.23129,517,532.23 1,268 677 3.214 3.258
Cash
(not included in yield calculations)
Passbook/Checking 4,261,264.95 1 0.00014,261,264.954,261,264.95 0.000 131,852,131.20Total Cash and Investments 130,620,927.18133,778,797.18 1,268 677 3.214 3.258 Current Year
July 31
304,505.26
Fiscal Year To Date
304,505.26
Total Earnings Month Ending
__________________________________________________ ____________________
CITY OF MANHATTAN BEACH,
Portfolio CITY
CP
Reporting period 07/01/2024-07/31/2024
Run Date: 09/03/2024 - 22:04 PM (PRF_PM1) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
July 31, 2024
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
LAIF
4.516Local Agency Invest. Fund3000 27,517,532.23 27,517,532.23 4.51627,517,532.23SYS3000 1 27,517,532.2327,517,532.2327,517,532.23Subtotal and Average 4.516 1 Medium Term Notes
4.905APPLE INCMTN0112 1,000,000.00 943,931.65 09/12/20272.90010/25/2022 959,460.00 AA+037833DB3 1,137
4.171APPLE INCMTN0121 1,000,000.00 992,446.00 05/10/20284.00006/12/2023 993,980.00 AA+037833ET3 1,378
1.963AMAZON.COM LLCMTN0111 1,000,000.00 981,907.34 05/12/20261.00002/24/2022 941,400.00 AA023135BX3 649
4.282AMAZON.COM LLCMTN0116 1,000,000.00 966,354.70 08/22/20273.15002/09/2023 964,100.00 AA023135BC9 1,116
4.342AMAZON.COM LLCMTN0129 1,000,000.00 962,290.00 04/13/20293.45007/12/2024 965,780.00023135CG9 1,716
1.850BANK OF NY MELLOMTN0109 1,000,000.00 1,011,205.00 10/24/20242.10002/10/2020 992,220.00 A06406RAL1 84
4.410BANK OF NY MELLOMTN0118 1,000,000.00 967,997.71 01/29/20283.40004/14/2023 962,490.00 A06406RAF4 1,276
4.690COLGATE-PALM COMTN0123 2,000,000.00 1,992,460.00 03/01/20284.60007/10/2023 2,022,260.00 AA-194162AR4 1,308
3.743COSTCO COMPANIESMTN0117 1,000,000.00 931,869.54 06/20/20271.37504/14/2023 920,280.00 A+22160KAN5 1,053
3.765COSTCO COMPANIESMTN0119 1,000,000.00 931,086.17 06/20/20271.37504/18/2023 920,280.00 A+22160KAN5 1,053
1.977Walt DisneyMTN0107 2,000,000.00 1,999,271.68 08/30/20241.75012/12/2019 1,993,480.00 A-254687FK7 29
4.593Johnson & JohnsonMTN0113 1,000,000.00 896,074.87 09/01/20270.95010/25/2022 904,870.00 AAA478160CP7 1,126
3.880Johnson & JohnsonMTN0114 1,000,000.00 911,850.46 09/01/20270.95012/22/2022 904,870.00 AAA478160CP7 1,126
1.890COCA-COLA COMTN0108 1,000,000.00 993,679.00 09/06/20241.75012/12/2019 996,170.00 A+191216CL2 36
4.374COCA-COLA COMTN0124 1,000,000.00 882,607.15 03/15/20281.00007/10/2023 893,310.00 A+191216DD9 1,322
3.556COCA-COLA COMTN0126 1,000,000.00 896,438.27 03/15/20281.00002/05/2024 893,310.00 A+191216DD9 1,322
4.163MICROSOFT CORPMTN0115 1,000,000.00 978,929.29 02/06/20273.30012/22/2022 976,940.00 AAA594918BY9 919
0.950MERCK & CO INCMTN0110 1,000,000.00 991,420.00 02/24/20260.75010/05/2021 944,230.00 A+58933YAY1 572
4.210MERCK & CO INCMTN0120 1,000,000.00 992,917.00 05/17/20284.05006/12/2023 993,140.00 A+58933YBH7 1,385
5.044PepsicoMTN0125 1,000,000.00 980,093.27 05/15/20284.45011/02/2023 1,007,480.00 A+713448FR4 1,383
4.493TOYOTA MOTOR CREDITMTN0127 1,000,000.00 1,008,418.76 01/05/20294.65002/05/2024 1,004,970.0089236TLL7 1,618
4.650TOYOTA MOTOR CREDITMTN0130 1,000,000.00 1,000,000.00 01/05/20294.65007/12/2024 1,004,970.0089236TLL7 1,618
4.183WALMART INCMTN0122 1,000,000.00 937,273.08 09/17/20261.05006/12/2023 933,260.00 AA931142ER0 777
4.349WALMART INCMTN0128 1,000,000.00 953,112.00 07/08/20293.25007/12/2024 961,160.00931142EN9 1,802 25,103,632.9425,054,410.0026,000,000.00Subtotal and Average 3.721 1,038 Federal Agency Issues - Coupon
3.850FARMER MACFAC0304 1,000,000.00 1,000,000.00 02/14/20283.85002/14/2023 993,120.0031422XW99 1,292
1.870FED FARM CR BKFAC0294 1,000,000.00 997,642.00 08/22/20251.80002/24/2022 968,000.00 AA+3133ENPX2 386
2.747FED FARM CR BKFAC0296 2,000,000.00 2,021,594.07 03/22/20273.15004/11/2022 1,948,620.00 AA+3133EJDV8 963
3.250FED FARM CR BKFAC0301 1,000,000.00 991,127.44 11/18/20240.87506/17/2022 986,870.003133ENEJ5 109
4.550FED FARM CR BKFAC0303 1,000,000.00 998,356.00 07/27/20264.50010/27/2022 1,003,420.003133ENV72 725 Portfolio CITY
CP
Run Date: 09/03/2024 - 22:04 PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
July 31, 2024
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Federal Agency Issues - Coupon
4.860FED FARM CR BKFAC0309 1,000,000.00 1,000,600.00 11/01/20284.87511/02/2023 1,033,530.00 AA+3133EPA47 1,553
4.527FED FARM CR BKFAC0311 2,000,000.00 2,023,573.04 04/30/20294.75005/08/2024 2,064,600.003133ERDH1 1,733
1.771Federal Home Loan BankFAC0285 2,000,000.00 2,004,515.18 09/13/20242.87512/11/2019 1,994,120.003130A2UW4 43
1.470Federal Home Loan BankFAC0289 1,000,000.00 1,001,306.00 08/15/20241.50002/07/2020 998,510.00 AA+3130AGWK7 14
1.871Federal Home Loan BankFAC0293 1,000,000.00 995,852.00 09/12/20251.75002/24/2022 969,020.00 AA+3130A8ZQ9 407
4.343Federal Home Loan BankFAC0302 1,000,000.00 934,623.29 06/12/20260.87510/24/2022 938,210.003130AN4T4 680
4.048Federal Home Loan BankFAC0306 1,000,000.00 975,013.99 03/12/20273.00006/12/2023 971,380.00 AA+3130A3DU5 953
4.483Federal Home Loan BankFAC0307 1,000,000.00 984,533.05 06/09/20284.00007/10/2023 999,050.00 AA+3130AWC24 1,408
4.861Federal Home Loan BankFAC0308 1,000,000.00 995,280.00 09/08/20284.75011/02/2023 1,028,110.00 AA+3130AXEL8 1,499
4.514Federal Home Loan BankFAC0310 2,000,000.00 2,013,840.13 03/09/20294.62505/09/2024 2,054,180.003130B13J4 1,681
2.722Federal Home Loan MortgageFAC0298 2,000,000.00 1,943,414.62 09/23/20250.37505/13/2022 1,905,340.00 AA+3137EAEX3 418
1.700Fannie MaeFAC0286 2,000,000.00 1,993,020.00 10/15/20241.62512/11/2019 1,985,540.00 AA+3135G0W66 75
1.500Fannie MaeFAC0287 2,000,000.00 2,011,260.00 10/15/20241.62502/07/2020 1,985,540.00 AA+3135G0W66 75
3.597Fannie MaeFAC0305 1,000,000.00 915,277.45 10/08/20270.75004/14/2023 901,090.003135G05Y5 1,163
1.763Tennessee Valley AuthorityFAC0295 1,000,000.00 990,779.81 05/15/20250.75002/24/2022 968,100.00 AA+880591EW8 287
2.894Tennessee Valley AuthorityFAC0299 1,000,000.00 1,049,413.50 11/01/20256.75005/13/2022 1,025,850.00 AA+880591CJ9 457 27,841,021.5727,722,200.0028,000,000.00Subtotal and Average 3.091 747 Treasury Securities - Coupon
1.493US TREASURYUST0035 2,000,000.00 2,001,379.86 08/31/20241.87502/07/2020 1,994,420.009128282U3 30
0.561US TREASURYUST0036 1,000,000.00 996,637.25 06/30/20250.25005/28/2021 959,840.00912828ZW3 333
0.591US TREASURYUST0039 1,000,000.00 996,542.18 06/30/20250.25008/11/2021 959,840.00912828ZW3 333
1.058US TREASURYUST0047 1,000,000.00 992,734.35 05/31/20250.25012/08/2021 962,590.00912828ZT0 303
1.001US TREASURYUST0051 1,000,000.00 1,003,906.25 02/28/20251.12512/09/2021 977,880.00912828ZC7 211
2.665US TREASURYUST0054 2,000,000.00 1,942,665.19 01/31/20271.50004/08/2022 1,875,700.00912828Z78 913
3.287US TREASURYUST0057 1,000,000.00 962,656.44 08/15/20261.50006/17/2022 946,520.009128282A7 744
3.285US TREASURYUST0059 1,000,000.00 975,290.12 05/15/20272.37509/01/2022 954,810.00912828X88 1,017
3.295US TREASURYUST0060 1,000,000.00 975,011.88 05/15/20272.37509/01/2022 954,810.00912828X88 1,017
3.241US TREASURYUST0062 1,000,000.00 922,684.54 06/30/20270.50009/01/2022 902,730.00912828ZV5 1,063
4.180US TREASURYUST0064 1,000,000.00 940,644.20 10/31/20261.62510/25/2022 945,040.00912828YQ7 821
3.747US TREASURYUST0066 1,000,000.00 954,216.88 08/15/20272.25002/09/2023 948,360.009128282R0 1,109
0.576US TREASURYUST0037 2,000,000.00 1,992,499.32 07/31/20250.25005/28/2021 1,913,620.0091282CAB7 364
0.620US TREASURYUST0038 1,000,000.00 995,505.14 08/31/20250.25005/28/2021 953,360.0091282CAJ0 395
0.601US TREASURYUST0040 1,000,000.00 996,228.70 07/31/20250.25008/11/2021 956,810.0091282CAB7 364
0.586US TREASURYUST0041 1,000,000.00 995,729.88 08/31/20250.25008/11/2021 953,360.0091282CAJ0 395
0.658US TREASURYUST0042 1,000,000.00 995,884.44 11/30/20250.37508/09/2021 946,450.0091282CAZ4 486 Portfolio CITY
CP
Run Date: 09/03/2024 - 22:04 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
July 31, 2024
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Treasury Securities - Coupon
0.681US TREASURYUST0043 1,000,000.00 995,194.98 07/31/20250.25010/05/2021 956,810.0091282CAB7 364
0.707US TREASURYUST0044 2,000,000.00 1,986,800.82 10/31/20250.25010/05/2021 1,895,620.0091282CAT8 456
0.907US TREASURYUST0045 1,000,000.00 992,500.00 08/31/20260.75010/05/2021 930,940.0091282CCW9 760
0.892US TREASURYUST0046 1,000,000.00 994,414.00 07/31/20260.62510/05/2021 930,860.0091282CCP4 729
1.191US TREASURYUST0048 1,000,000.00 991,815.34 05/31/20260.75012/09/2021 937,420.0091282CCF6 668
1.176US TREASURYUST0049 1,000,000.00 993,675.72 06/30/20260.87512/09/2021 937,810.0091282CCJ8 698
1.210US TREASURYUST0050 1,000,000.00 992,487.39 09/30/20260.87512/09/2021 931,800.0091282CCZ2 790
1.678US TREASURYUST0052 2,000,000.00 1,961,979.95 09/30/20250.25002/24/2022 1,901,260.0091282CAM3 425
2.581US TREASURYUST0053 1,000,000.00 965,661.46 10/31/20261.12504/08/2022 934,490.0091282CDG3 821
2.750US TREASURYUST0055 1,000,000.00 996,500.00 04/15/20252.62505/16/2022 984,200.0091282CEH0 257
3.187US TREASURYUST0056 1,000,000.00 946,618.08 07/31/20260.62506/17/2022 930,860.0091282CCP4 729
3.302US TREASURYUST0058 1,000,000.00 947,668.91 09/30/20260.87506/17/2022 931,800.0091282CCZ2 790
3.300US TREASURYUST0061 1,000,000.00 997,755.04 06/30/20273.25009/01/2022 977,890.0091282CEW7 1,063
3.309US TREASURYUST0063 1,000,000.00 984,738.49 07/31/20272.75009/01/2022 963,010.0091282CFB2 1,094
3.787US TREASURYUST0065 1,000,000.00 969,708.53 07/31/20272.75012/22/2022 963,010.0091282CFB2 1,094
3.804US TREASURYUST0067 2,000,000.00 1,982,503.95 01/31/20283.50002/09/2023 1,966,480.0091282CGH8 1,278
4.816US TREASURYUST0068 1,000,000.00 985,413.83 08/31/20284.37511/01/2023 1,014,920.0091282CHX2 1,491
3.750US TREASURYUST0069 2,000,000.00 2,020,691.46 01/31/20294.00002/02/2024 2,004,140.0091282CJW2 1,644
4.430US TREASURYUST0070 1,000,000.00 992,220.00 02/28/20294.25005/08/2024 1,013,090.0091282CKD2 1,672
4.474US TREASURYUST0071 1,000,000.00 987,053.69 03/31/20294.12505/08/2024 1,007,580.0091282CKG5 1,703
4.421US TREASURYUST0072 1,000,000.00 1,009,000.00 04/30/20294.62505/08/2024 1,029,380.0091282CKP5 1,733
4.123US TREASURYUST0073 1,000,000.00 940,330.00 05/31/20292.75007/12/2024 947,500.0091282CES6 1,764
4.147US TREASURYUST0074 1,000,000.00 961,700.00 06/30/20293.25007/12/2024 968,980.0091282CEV9 1,794
4.062US TREASURYUST0075 1,000,000.00 892,031.25 10/31/20281.37507/12/2024 899,530.0091282CDF5 1,552 47,128,679.5146,065,520.0048,000,000.00Subtotal and Average 2.376 837 Total and Average 129,517,532.23 3.258 677126,359,662.23 127,590,866.25 Portfolio CITY
CP
Run Date: 09/03/2024 - 22:04 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Stated
RateMarket Value
July 31, 2024
Portfolio Details - Cash
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Money Market Fund
0.000UNION BANK39901 4,261,264.95 4,261,264.954,261,264.95SYS39903-39902 1 Subtotal and Average
Total Cash and Investments 133,778,797.18 3.258 677
1 130,620,927.18 131,852,131.20
Portfolio CITY
CP
Run Date: 09/03/2024 - 22:04 PM (PRF_PM2) 7.3.11
City of Manhattan Beach
Investment Portfolio Summary
As of July 31, 202
4 PORTFOLIO PROFILE Jul 31, 2024 Jun 30, 2024 May 31, 2024 Apr 30, 2024 Mar 31, 2024 Total Book Value (Excluding Trust Funds) $127,590,866 $133,526,549 $135,224,288 $127,197,886 $116,944,095 Increase/(Decrease) from Prior Period (5,935,682) (1,697,740) 8,026,402 10,253,791 (2,994,830) Percentage Change (4.4%) (1.3%) 6.3% 8.8% (2.5%)
Average Yield to Maturity (365 Days) 3.258% 3.238% 3.179% 3.055% 2.940% Increase/(Decrease) from Prior Period 0.021% 0.059% 0.124% 0.115% (0.021%)
PORTFOLIO ALLOCATIONS
By Security Value (Par) Percent Par YTM Time Horizon Percent LAIF* $27,517,532 21.25% 4.516% Next 12 months 40%
Medium Term Notes 26,000,000 20.1% 3.721% Months 13-24 15% Federal Agencies 28,000,000 21.6% 3.091% Months 25-36 16% U.S. Treasuries 48,000,000 37.1% 2.376% Months 37-48 14% Total $129,517,532 100.0% 3.255% Months 49-60 15%
*LAIF YTM as of July 31, 2024 BAD Total 100.0%
RECENT ACTIVITY
Security Date of Activity Maturity Date Purchase (Par) Maturing/Call YTM WMT - 3.25% Coupon 7/12/2024 7/8/2029 1,000,000 4.349%
AMZN - 3.45% Coupon 7/12/2024 4/13/2029 1,000,000 4.342% TOYOTA - 4.65% Coupon 7/12/2024 1/5/2029 1,000,000 4.650% T - 4.11% Coupon 7/12/2024 5/31/2029 1,000,000 4.123%
T - 4.11% Coupon 7/12/2024 6/30/2029 1,000,000 4.147%
T - 4.14% Coupon 7/12/2024 10/31/2028 1,000,000 4.062%
Total Purchases $6,000,00 0 4.279%
Matured: FHLB - 2.875% Coupon 6/14/2024 6/14/2024 1,000,000 0.312% Matured: FHLB - 2.75% Coupon 6/28/2024 6/28/2024 1,000,000 3.230% Matured: FNMA - 1.75% Coupon 7/2/2024 7/2/2024 2,000,000 1.526% Matured: FNMA - 1.75% Coupon 7/2/2024 7/2/2024 1,000,000 0.259% Total Maturing/Calls $5,000,000 1.370%
City of Manhattan Beach
Investment Portfolio Summary
As of July 31, 202
4 3‐Month 6 ‐Month 2 ‐Year 5 ‐Year 10 ‐Year
May 2024 5.46% 5.42% 4.86% 4.50% 4.48%
June 2024 5.51% 5.37% 4.74% 4.32% 4.31%
July 2024 5.43% 5.25% 4.50% 4.16% 4.25%
Portfolio 3.258% 3.258% 3.258% 3.258% 3.258%
LAIF 4 516% 4 516% 4 516% 4 516% 4 516%
Portfolio, 3.258%
LAIF, 4.516%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
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
August 2024 through July 2029
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 Aug 24 8/15/24 1.5% 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 Aug 28 8/31/28 4.82% T nc $1.0M 8/30/24 2.0% DIS 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% AMZN nc $1.0M 8/31/24 1.5% T nc $2.0M 8/22/25 1.87% FFCB nc $1.0M
Sep 24 9/6/24 1.9% KO 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% AAPL nc $1.0M Sep 28 9/8/28 4.86% FHLB nc $1.0M 9/13/24 1.8% 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% JNJ nc $1.0M 9/30/25 1.68% T nc $2.0M 9/17/26 4.18% WMT nc $1.0M 9/1/27 3.88% JNJ nc $1.0M Oct 24 10/15/24 1.7% 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 Oct 28 10/31/28 4.06% T nc $1.0M 10/15/24 1.5% FNMA nc $2.0M 10/31/26 4.18% T nc $1.0M
10/24/24 1.9% BK 9/6/24 $1.0M
Nov 24 11/18/24 3.3% FFCB nc $1.0M Nov 25 11/30/25 0.66% T nc $1.0M Nov 26 Nov 27 Nov 28 11/1/28 4.86% FFCB nc $1.0M 11/1/25 2.89% TVA nc $1.0M
Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Jan 25 Jan 26 Jan 27 1/31/27 2.67% T
nc $2.0M Jan 28 1/29/28 4.41% BK nc $1.0M Jan 29 1/5/29 4.49% TOYOT A nc $1.0M 1/31/28 3.80% T nc $2.0M 1/31/29 3.75% T nc $2.0M
Feb 25 2/28/25 1.0% T nc $1.0M Feb 26 2/24/26 0.95% MRK MW: 10 $1.0M Feb 27 2/6/27 4.16% MSFT nc $1.0M Feb 28 2/14/28 3.85% FAMC A nc $1.0M Feb 29 2/28/29 4.43% T nc $1.0M Mar 25 Mar 26 Mar 27 3/22/27 2.75% FFCB nc $2.0M Mar 28 3/1/28 4.69% CL nc $2.0M Mar 29 3/31/29 4.47% T nc $1.0M 3/12/27 4.05% FHLB nc $1.0M 3/15/28 4.37% KO nc $1.0M 3/9/29 4.51% FHLB nc $2.0M 3/15/28 3.56% KO nc $1.0M
Apr 25 4/15/25 2.8% T nc $1.0M Apr 26 Apr 27 Apr 28 Apr 29 4/13/29 4.34% AMZN nc $1.0M 4/30/29 4.42% T nc $1.0M
4/30/29 4.53% FFCB nc $2.0M
May 25 5/15/25 1.8% 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 5/10/28 4.17% AAPL nc $1.0M May 29 5/31/29 4.12% T nc $1.0M 5/31/25 1.1% T nc $1.0M 5/12/26 1.96% AMZN nc $1.0M 5/15/27 3.29% T nc $1.0M 5/17/28 4.21% MRK nc $1.0M 5/15/28 5.04% PEP nc $1.0M
Jun 25 6/30/25 0.6% T nc $1.0M Jun 26 6/30/26 1.18% T nc $1.0M Jun 27 6/20/27 3.74% COST nc $1.0M Jun 28 6/9/28 4.48% FHLB nc $1.0M Jun 29 6/30/29 4.15% T nc $1.0M 6/30/25 0.6% 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% COST nc $1.0M
Jul 25 7/31/25 0.6% 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 Jul 28 Jul 29 7/8/29 4.35% WMT nc $1.0M 7/31/25 0.6% 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 0.7% T nc $1.0M 7/27/26 4.55% FFCB nc $1.0M
Total By Year (excl LAIF) $24.0m $20.0m $21.0m $18.0m $19.0m Average YTM 1.5% 1.9% 3.2% 4.2% 4.4%
% of Total Securities (excl LAIF) 24% 20% 21% 18% 19%
% of Total Investments (incl LAIF) 40% 15% 16% 14% 15%
Total Securities 79%
$102.0M
LAIF 21% $27.5M
Total Investments 100% $129.5M
Shaded rows indicate months with significant cash inflows.
City of Manhattan Beach
Investment Policy Compliance Chart
As of July 31, 202
4 Instrument % of Total Limit Compliant? Limit Compliant? Limit Compliant? Local Agency Investment Fund (LAIF) $27,517,532 21.2% $75,000,000 Yes Treasury Securities
US Treasury $48,000,000 37.1% 5 Years Yes
Total U.S. Treasuries (41) TRUE $48,000,000 37.1%
Medium Term (Corporate) Notes
Coca-Cola 3,000,000 2.3% 5.0% Yes 5 Years Yes
Amazon 3,000,000 2.3% 5.0% Yes 5 Years Yes
Costco 2,000,000 1.5% 5.0% Yes 5 Years Yes
Walmart 2,000,000 1.5% 5.0% Yes 5 Years Yes
Colgate-Palmolive 2,000,000 1.5% 5.0% Yes 5 Years Yes
Pepsi Cola 1,000,000 0.8% 5.0% Yes 5 Years Yes
Total Consumer Goods Sector $13,000,000 10.0% 10.0% Yes Bank of NY 2,000,000 1.5% 5.0% Yes 5 Years Yes
Toyota Motor Credit Corp 2,000,000 1.5% 5.0% Yes 5 Years Yes Total Financial Sector $4,000,000 3.1% 10.0% Yes
Johnson & Johnson 2,000,000 1.5% 5.0% Yes 5 Years Yes
Merck 2,000,000 1.5% 5.0% Yes 5 Years Yes
Total Pharmaceuticals Sector $4,000,000 3.1% 10.0% Yes
Apple Inc 2,000,000 1.5% 5.0% Yes 5 Years Yes
Microsoft Corp 1,000,000 0.8% 5.0% Yes 5 Years Yes
Total Technology Sector $3,000,000 2.3% 10.0% Yes
Walt Disney Co 2,000,000 1.5% 5.0% Yes 5 Years Yes
Total Communication Services Sector $2,000,000
Total Medium Term Notes (24) TRUE $26,000,000 20.0% 20.0% Yes Federal Agencies
Federal Home Loan Bank (FHLB) $10,000,000 7.7% 33.3% Yes 5 Years Yes Federal Farm Credit (FFCB) 8,000,000 6.2% 33.3% Yes 5 Years Yes Fannie Mae (FNMA) 5,000,000 3.9% 33.3% Yes 5 Years Yes
Freddie Mac (FHLMC) 2,000,000 1.5% 33.3% Yes 5 Years Yes Frarmer Mac (FAMCA) 1,000,000 0.8% 33.3% Yes 5 Years Yes Tennessee Valley Authority (TVA) 2,000,000 1.5% 33.3% Yes 5 Years Yes Total Federal Agencies (21) TRUE $28,000,000 21.6% 60.0% Yes Total Portfolio $129,517,532 100.0%
Dollar Compliance Percentage Compliance Term Compliance Temporary Suspension
Investments Book Value
LAIF $27,517,532.23
Treasury Securities 47,128,679.51
Federal Agency Issues-Coupon 27,841,021.57
Medium Term Notes 25,103,632.94
Subtotal Investments $127,590,866.25
Demand Deposit/Petty Cash
Cash in Bank $4,261,264.95
Petty Cash 2,280.41
$4,263,545.36
Subtotal City Cash & Investments $131,854,411.61
Bond Funds Held in Trust
Police Fire Refunding 1,837.29
Fire Station 2 COPs 307.57
Marine Ave Park Refunding 0.14
Metlox & Water/Wastewater Refunding 277.42
Utility Assessment Districts 1,172,132.27
Pension Obligation Bonds 2,398.87
Subtotal Bonds Held in Trust $1,176,953.56
Investment Trust Funds
PARS Pension Rate Stabilization Trust 3,679,403.66
Treasurer's Balance $136,710,768.83
CITY OF MANHATTAN BEACH
TREASURER'S REPORT
July 31, 2024
Subtotal Demand Deposit
July 4.516
June 4.480
May 4.332
April 4.272
March 4.232
February 4.122
LAIF Apportionment Rate(2): 4.55
LAIF Earnings Ratio(2): 0.00012419067099490
LAIF Administrative Cost(1)*: 0.16
PMIA Average Life(1): 217
LAIF Fair Value Factor(1): 0.996316042
PMIA Daily(1): 4.52
PMIA Quarter to Date(1): 4.36
Treasuries
59.17%Agencies
22.68%
Certificates of
Deposit/Bank Notes
8.31%
Time
Deposits
3.09%
Commercial
Paper
6.07%
Corporate
Bonds
0.44%
Loans
0.24%
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). *The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administrative costs are not to exceed 5% of quarterly EARNINGS of the fund. However, if the 13-week Daily Treasury Bill Rate on the last day of the fiscal year is below 1%, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year.
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 8/22/24
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 06/30/24
Chart does not include $1,394,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
7/31/24
$170.8 billion