CITY OF MANHATTAN BEACHPortfolio ManagementDecember 1, 2025 through December 31, 2025Portfolio Summary% ofPortfolioBookValueInvestmentsMarketValueParValueDays toMaturityTermYTM360 Equiv.YTM365 Equiv.LAIF 30,913,867.82 129.43 3.970130,913,867.8230,913,867.82 4.025Medium Term Notes 21,507,516.57 1,65520.48 4.00770721,748,530.0022,000,000.00 4.063Federal Agency Issues - Coupon 18,970,069.79 1,72518.06 4.0331,01419,154,110.0019,000,000.00 4.089Treasury Securities - Coupon 33,646,169.52 1,69432.03 3.21972133,703,180.0034,000,000.00 3.263105,037,623.70 100.00%Investments105,519,687.82105,913,867.821,193 559 3.748 3.800Cash(not included in yield calculations)Passbook/Checking25,156,781.07 1 0.000125,156,781.0725,156,781.07 0.000130,194,404.77Total Cash and Investments130,676,468.89131,070,648.891,193 559 3.748 3.800Current YearDecember 31287,861.55Fiscal Year To Date1,701,190.64Total Earnings Month Ending__________________________________________________ ____________________CITY OF MANHATTAN BEACH,Portfolio CITYCPReporting period 12/01/2025-12/31/2025Run Date: 02/10/2026 - 22:10PM (PRF_PM1) 7.3.11Report Ver. 7.3.11
3-Month 6-Month 2-Year 5-Year 10-YearOctober 20253.98% 3.79% 3.52% 3.65% 4.06%November 20253.94% 3.78% 3.55% 3.67% 4.09%December 20253.63% 3.68% 3.50% 3.70% 4.14%Portfolio3.800% 3.800% 3.800% 3.800% 3.800%LAIF4 025%4 025%4 025%4 025%4 025%Portfolio, 3.800%LAIF, 4.025%0.00%1.00%2.00%3.00%4.00%5.00%6.00%US Treasuries Yield Curvewww.treas.govMonthly yields are interpolated by the Treasury from the daily yield curve.
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 AmtJan 26 Jan 271/31/27 2.67% Tnc$2.0MJan 281/29/28 4.41% BKnc$1.0MJan 291/5/29 4.49% TOYOTAnc$1.0MJan 301/31/30 3.57% Tnc$1.0M1/31/28 3.80% Tnc$2.0M 1/31/29 3.79% Tnc$2.0M1/5/29 4.65% TOYOTAnc$1.0MFeb 262/24/26 1.0% MRKMW: 10$1.0MFeb 272/6/27 4.16% MSFTnc$1.0MFeb 282/14/28 3.85% FAMCAnc$1.0MFeb 292/28/29 4.43% Tnc$1.0MFeb 30Mar 26 Mar 273/22/27 2.75% FFCBnc$2.0MMar 283/1/28 4.69% CLnc$2.0MMar 293/31/29 4.47% Tnc$1.0MMar 303/12/27 4.05% FHLBnc$1.0M 3/15/28 4.37% KOnc$1.0M 3/9/29 4.51% FHLBnc$2.0M3/15/28 3.56% KOnc$1.0MApr 26 Apr 27 Apr 28 Apr 294/13/29 4.34% AMZNnc$1.0MApr 304/30/29 4.42% Tnc$1.0M4/30/29 4.53% FFCBnc$2.0MMay 265/31/26 1.2% Tnc$1.0MMay 275/15/27 3.28% Tnc$1.0MMay 285/10/28 4.17% AAPLnc$1.0MMay 295/31/29 4.12% Tnc$1.0MMay 305/12/26 2.0% AMZNnc$1.0M 5/15/27 3.29% Tnc$1.0M 5/17/28 4.21% MRKnc$1.0M5/15/28 5.04% PEPnc$1.0MJun 266/30/26 1.2% Tnc$1.0MJun 276/20/27 3.74% COSTnc$1.0MJun 286/9/28 4.48% FHLBnc$1.0MJun 296/30/29 4.15% Tnc$1.0MJun 306/12/26 4.3% FHLBnc$1.0M 6/30/27 3.24% Tnc$1.0M6/30/27 3.30% Tnc$1.0M6/20/27 3.76% COSTnc$1.0MJul 267/31/26 0.9% Tnc$1.0MJul 277/31/27 3.31% Tnc$1.0MJul 28 Jul 297/8/29 4.35% WMTnc$1.0MJul 307/31/26 3.2% Tnc$1.0M 7/31/27 3.79% Tnc$1.0M7/27/26 4.6% FFCBnc$1.0MAug 268/31/26 0.9% Tnc$1.0MAug 278/15/27 3.75% Tnc$1.0MAug 288/31/28 4.82% Tnc$1.0MAug 298/31/29 3.54% Tnc$1.0MAug 308/28/30 4.20% FHLMC8/28/26$1.0M8/15/26 3.3% Tnc$1.0M 8/22/27 4.28% AMZNnc$1.0M 8/28/30 4.00% FNMA8/28/26$2.0M8/1/30 3.66% TVAnc$2.0MSep 269/30/26 1.2% Tnc$1.0MSep 279/12/27 4.91% AAPLnc$1.0MSep 289/8/28 4.86% FHLBnc$1.0MSep 299/30/29 3.51% Tnc$1.0MSep 309/30/26 3.3% Tnc$1.0M 9/1/27 4.59% JNJnc$1.0M9/17/26 4.2% WMTnc$1.0M 9/1/27 3.88% JNJnc$1.0MOct 2610/31/26 2.6% Tnc$1.0MOct 2710/8/27 3.60% FNMAnc$1.0MOct 2810/31/28 4.06% Tnc$1.0MOct 29 Oct 3010/31/26 4.2% T nc $1.0MNov 26 Nov 27 Nov 2811/1/28 4.86% FFCBnc$1.0MNov 2911/30/29 3.58% Tnc$1.0MNov 30Dec 26 Dec 27 Dec 28 Dec 29 Dec 30Total By Year (excl LAIF) $15.0m $20.0m $16.0m $18.0m $6.0mAverage YTM 2.5% 3.7% 4.4% 4.2% 3.9%% of Total Securities (excl LAIF) 20% 27% 21% 24% 8%% of Total Investments (incl LAIF) 43% 19% 15% 17% 6%Total Securities 71%$75.0MLAIF 29%$30.9MTotal Investments 100%$105.9MShaded rows indicate months with significant cash inflows.
Instrument % of Total Limit Compliant? Limit Compliant? Limit Compliant?Local Agency Investment Fund (LAIF)$30,913,86829.2% $75,000,000 YesTreasury SecuritiesUS Treasury$34,000,00032.1% 5 Years YesTotal U.S. Treasuries (31)TRUE$34,000,000 32.1%Medium Term (Corporate) NotesCoca-Cola 2,000,000 1.9% 5.0% Yes 5 Years YesAmazon 3,000,000 2.8% 5.0% Yes 5 Years YesCostco 2,000,000 1.9% 5.0% Yes 5 Years YesWalmart 2,000,000 1.9% 5.0% Yes 5 Years YesColgate-Palmolive 2,000,000 1.9% 5.0% Yes 5 Years YesPepsi Cola 1,000,000 0.9% 5.0% Yes 5 Years YesTotal Consumer Goods Sector $12,000,000 11.0% 10.0% NoBank of NY 1,000,000 0.9% 5.0% Yes 5 Years YesToyota Motor Credit Corp 2,000,000 1.9% 5.0% Yes 5 Years YesTotal Financial Sector$3,000,0002.8%10.0%YesJohnson & Johnson 2,000,000 1.9% 5.0% Yes 5 Years YesMerck 2,000,000 1.9% 5.0% Yes 5 Years YesTotal Pharmaceuticals Sector$4,000,0003.8%10.0%YesApple Inc 2,000,000 1.9% 5.0% Yes 5 Years YesMicrosoft Corp 1,000,000 0.9% 5.0% Yes 5 Years YesTotal Technology Sector$3,000,0002.8%10.0%YesTotal Medium Term Notes (21)TRUE$22,000,000 20.8% 20.0% No*Federal AgenciesFederal Home Loan Bank (FHLB)$6,000,0005.7% 33.3% Yes 5 Years YesFederal Farm Credit (FFCB)6,000,0005.7% 33.3% Yes 5 Years YesFannie Mae (FNMA)3,000,0002.8% 33.3% Yes 5 Years YesFreddie Mac (FHLMC)1,000,0000.9% 33.3% Yes 5 Years YesFrarmer Mac (FAMCA)1,000,0000.9% 33.3% Yes 5 Years YesTennessee Valley Authority (TVA)2,000,0001.9% 33.3% Yes 5 Years YesTotal Federal Agencies (14)TRUE$19,000,000 17.9% 60.0% YesTotal Portfolio$105,913,868100.0% Dollar Compliance Percentage Compliance Term ComplianceTemporary Suspension *Per the City's Investment Policy, the percentage of Medium Term Notes (MTN) was in compliance when all securities were purchased. A temporary decrease in LAIF, US Treasury Securities and Federal Agency investments has caused the percentage of MTNs to be over 20% of the total portfolio.
December4.025November4.096October4.150September4.212August4.251July4.258LAIF Apportionment Rate(2):4.20 LAIF Earnings Ratio(2):0.00011512010685708 LAIF Administrative Cost(1)*:0.27PMIA Average Life(1):244 LAIF Fair Value Factor(1):1.002181483PMIA Daily(1):3.97PMIA Quarter to Date(1):4.09Treasuries56.48%Agencies24.93%Certificates of Deposit/Bank Notes9.22%Time Deposits3.25%CommercialPaper5.38%Corporate Bonds0.58%Loans0.16%Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) .*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 California, Office of the Controller PMIA Average Monthly Effective Yields(1)PMIA/LAIF Performance Reportas of 01/21/26 Daily rates are now available here. View PMIA Daily Rates Quarterly PerformanceQuarter Ended 12/31/25
Chart does not include $910,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment AccountMonthly Portfolio Composition (1)12/31/25$162.6 billion