This statement is for the period fromAugust 1, 2023 toAugust 31, 2023 000003329 02 SP 000638546860013 S
CITY OF MENIFEE
ATTN: ROCHELLE CLAYTON
29844 HAUN ROAD
MENIFEE, CA 92586
If you have any questions regarding your account or this statement, please contact your Administrator.
SAMIR SOMERVILLE-POWEL
CN-OH-W5IT
CN-OH-W5IT
425 WALNUT STREET
CINCINNATI OH 45202
TS CIN RC #6 - MANUAL
CN-OH-W6TC
Phone 513-629-8204
E-mail [email protected]
Portfolio Manager:
7000
00- -M -UC-UU -244-04
0509316-00-04291-04
FTTDTATDDFFDADFATFTAFAFAFADTDTATTDDADDAADAAADTDTADTDDDFDAATAFDADF ACCOUNT NUMBER:
CITY OF MENIFEE
QUESTIONS?
10101010101010101010
10101010110100010011
10100001000110000000
10011111001010110111
11010010011001010010
11001100100001001101
10110011000100100100
10010111110101001001
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11001110011111110101
10000000111111110000
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10000011010110110000
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TABLE OF CONTENTS
........................................................................................ .................................................................................................... .................................................................................................. ..................................................................................................... ........................................................................................................... ................................................................................................. .....................................................................................................
Market Value Summary
Asset Summary
Income Summary
Cash Summary
Asset Detail
Transaction Detail
Bond Summary
1 2
3 4
5 8
9 7000
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Schedule
Page
10101010101010101010
10101010110011010011
10100001000110000000
10011111001000010111
11010010011001010010
11001100010001111001
10110011000101110000
10010111110010011101
11010000001011110110
11001110001111011101
10000000111010100000
10101001111101011011
10000010011011101100
10100000100101110011
10001011101111001100
10011111000001001001
10101110100001001010
11000010010100100101
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CITY OF MENIFEE
ACCOUNT NUMBER:August 1, 2023 toAugust 31, 2023
MARKET VALUE SUMMARY
Taxable Interest36,731.92389,722.87
Fees and Expenses-519.76-4,142.22
Change in Investment Value199,660.00801,870.00
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Current Period
08/01/23 to08/31/23
Year-to-Date
01/01/23 to08/31/23
Beginning Market Value$62,370,644.08$61,419,065.59
Ending Market Value$62,606,516.24$62,606,516.24
Current Period08/01/23 to08/31/23
1010101010101010101010101010110010010011
10100001000110000000
10011111001000001111
11010010011001011110
11001100000001110101
10110011000101001100
10010111110101101001
11010000001110000010
11001110010011101101
10000000111110110000
10101001000100001011
10000011101100001100
10100010101000000011
10001110111001000000
10011110000111010011
10100011100110010010
11011100110001101101
10111000011110100010
11111111111111111111
CITY OF MENIFEE
ACCOUNT NUMBER:August 1, 2023 toAugust 31, 2023
ASSET SUMMARY
Cash & Equivalents1,727,976.242.8085,391.38
Taxable Bonds60,878,540.0097.20595,250.00
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Assets
Current Period
Market Value
% of
Total
Estimated
Annual Income
Total Market Value$62,606,516.24100.00$680,641.38
CITY OF MENIFEE
ACCOUNT NUMBER:August 1, 2023 toAugust 31, 2023
INCOME SUMMARY
Taxable Interest36,731.92389,722.87
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0509316-00-04291-04
Income Received
Current Period
Income Received
YTD
Total Current Period Income$36,731.92$389,722.87
1010101010101010101010101010110001010011
10100001000110000000
10011111001000011111
11010010001001011110
11001101110000110101
10110011000101101000
10010111110000001101
11010000001110101010
11001110001010101101
10000000110001101000
10101001001101001011
10000011111010010100
10100101000000101111
10001010001001001100
10011110000001111101
10101101001011011010
11001111010001000101
10111010011110011010
11111111111111111111
CITY OF MENIFEE
ACCOUNT NUMBER:August 1, 2023 toAugust 31, 2023
CASH SUMMARY
Taxable Interest36,731.9236,731.92
Fees and Expenses-519.76-519.76
Net Money Market Activity-36,212.16-36,212.16
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Principal
Cash
Income
Cash
Total
Cash
Beginning Cash 08/01/2023-$1,185,029.53$1,185,029.53$0.00 Ending Cash 08/31/2023-$1,221,761.45$1,221,761.45$0.00
CITY OF MENIFEE
ACCOUNT NUMBER:August 1, 2023 toAugust 31, 2023
Cash/Money Market
Total Cash/Money Market
US Government Issues
ASSET DETAIL
First American Government -31846V203
Oblig Fd Cl Y
#3763
1,727,976.2401.00001,727,976.241,727,976.240.002.885,391.384.94 Principal Cash-1,221,761.45-1,221,761.45-2.0
Income Cash1,221,761.451,221,761.452.0
Federal Farm Credit Bks -3133EMF98
0.650 06/09/2025
4,000,000.00092.30503,692,200.004,000,000.00-307,800.005.926,000.000.70 Federal Farm Credit Bks -3133EML67
0.800 06/22/2026
5,000,000.00089.42304,471,150.004,977,500.00-506,350.007.140,000.000.89 Federal Home Loan Bks -3130AMXJ6
0.500 09/30/2024
5,000,000.00094.86704,743,350.005,000,000.00-256,650.007.625,000.000.53 Total Cash
$1,727,976.24$1,727,976.24$0.002.8$85,391.38
$0.00$0.00$0.000.0$0.00
$1,727,976.24$1,727,976.24$0.002.8$85,391.38
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Cash
Security Description
Shares/Face AmtPriceMarket ValueTax Cost
Unrealized
Gain/Loss
Percent
of Total
Portfolio
Estimated
Annual Income
Estimated
Current Yield
Cash & Equivalents
Total Cash & Equivalents
Taxable Bonds
1010101010101010101010101010110000010011
10100001000110000000
10011111001000000111
11010010001001010010
11001101100000111001
10110011000101010100
10010111110111111001
11010000001011011110
11001110010110011101
10000000110101111000
10101001110100011011
10000010001101110100
10100111001101011111
10001111011111000000
10011111000111100111
10100000001100000010
11010001110100001101
10111010011110100010
11111111111111111111
CITY OF MENIFEE
ACCOUNT NUMBER:August 1, 2023 toAugust 31, 2023
ASSET DETAIL (continued)
Federal Home Loan Bks -3130AMNZ1
0.500 12/16/2024
3,000,000.00094.13802,824,140.003,000,000.00-175,860.004.515,000.000.53 Federal Home Loan Bks -3130AMST0
0.625 03/24/2025
5,000,000.00093.01904,650,950.005,000,000.00-349,050.007.431,250.000.67 Federal Home Loan Bks -3130AMQ54
0.700 09/16/2025
4,000,000.00091.53603,661,440.004,000,000.00-338,560.005.828,000.000.76 Federal Home Loan Bks -3130AMX31
0.750 06/30/2025
5,000,000.00092.29204,614,600.005,000,000.00-385,400.007.437,500.000.81 Federal Home Loan Bks -3130AMM33
0.875 07/16/2026
5,000,000.00089.65904,482,950.005,000,000.00-517,050.007.243,750.000.98 Federal Home Loan Bks -3130AMT28
1.000 06/30/2026
5,000,000.00089.88704,494,350.005,000,000.00-505,650.007.250,000.001.11 Federal Home Loan Bks -3130AMWZ1
1.050 06/30/2026
5,000,000.00090.01704,500,850.005,000,000.00-499,150.007.252,500.001.17 U S Treasury Note -912828ZF0
0.500 03/31/2025
5,000,000.00093.14804,657,400.004,984,375.00-326,975.007.425,000.000.54 U S Treasury Note -91282CBT7
0.750 03/31/2026
4,000,000.00090.75803,630,320.003,998,750.00-368,430.005.830,000.000.83 U S Treasury Note -912828Z52
1.375 01/31/2025
3,000,000.00094.89502,846,850.003,091,875.00-245,025.004.541,250.001.45 7000
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Security Description
Shares/Face AmtPriceMarket ValueTax Cost
Unrealized
Gain/Loss
Percent
of Total
Portfolio
Estimated
Annual Income
Estimated
Current Yield
CITY OF MENIFEE
ACCOUNT NUMBER:August 1, 2023 toAugust 31, 2023
Total US Government Issues
ASSET DETAIL (continued)
ASSET DETAIL MESSAGES
Time of trade execution and trading party (if not disclosed) will be provided upon request.
Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be reflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued, at par value, or at a nominal value. Values shown do not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation.
U S Treasury Note -912828YM6
1.500 10/31/2024
3,000,000.00095.77702,873,310.003,111,562.50-238,252.504.645,000.001.57 U S Treasury Note -912828K74
2.000 08/15/2025
3,000,000.00094.66402,839,920.003,175,312.50-335,392.504.560,000.002.11 U S Treasury Note -912828M56
2.250 11/15/2025
2,000,000.00094.73801,894,760.002,140,625.00-245,865.003.045,000.002.38 $60,878,540.00$66,480,000.00-$5,601,460.0097.2$595,250.00 $60,878,540.00$66,480,000.00-$5,601,460.0097.2$595,250.00 $62,606,516.24$68,207,976.24-$5,601,460.00100.0$680,641.38
1.08 7000
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Security Description
Shares/Face AmtPriceMarket ValueTax Cost
Unrealized
Gain/Loss
Percent
of Total
Portfolio
Estimated
Annual Income
Estimated
Current Yield
Total Taxable Bonds
Total Assets
Estimated Current Yield
1010101010101010101010101010110111010011
10100001000110000000
10011111001000010111
11010010001001000110
11001101010000101101
10110011000101110100
10010111110001011101
11010000001111000100
11001110010011110101
10000000110001000000
10101001011011000011
10000011101001100000
10100100000110101011
10001101110011101000
10001001110100010001
10101100011100000010
11010001110100010101
10111001011010000010
11111111111111111111
CITY OF MENIFEE
ACCOUNT NUMBER:August 1, 2023 toAugust 31, 2023
TRANSACTION DETAIL
08/01/23Asset IncomeInterest Earned On
First Am Govt Ob Fd Cl Y
6,731.92
Interest From 7/1/23 To 7/31/23
08/15/23Asset IncomeInterest Earned On
U S Treasury Nt 2.000% 8/15/25
30,000.00
0.01 USD/$1 Pv On 3,000,000 Par Value Due 8/15/23
08/25/23FeeTrust Fees Collected
Charged For Period 07/01/2023 Thru 07/31/2023
-519.76
PurchaseCombined Purchases For The Period 8/ 1/23 - 8/31/23 Of First Am Govt Ob Fd Cl Y
-36,731.9236,731.92
SaleCombined Sales For The Period 8/ 1/23 - 8/31/23 Of First Am Govt Ob Fd Cl Y
519.76-519.76
$1,185,029.53-$1,185,029.53$68,171,764.08
$1,221,761.45-$1,221,761.45$68,207,976.24
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0509316-00-04291-04
Date
PostedActivityDescription
Income
Cash
Principal
CashTax Cost
Beginning Balance 08/01/2023
Ending Balance 08/31/2023
CITY OF MENIFEE
ACCOUNT NUMBER:August 1, 2023 toAugust 31, 2023
BOND SUMMARY
20230.000.000.00
202411,000,000.0010,440,800.0017.16
202531,000,000.0028,858,120.0047.40
202624,000,000.0021,579,620.0035.44
Aaa66,000,000.0060,878,540.00100.00
AA+46,000,000.0042,135,980.0069.21
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Par ValueMarket Value
Percentage of
Category
MATURITY
Total of Category$66,000,000.00$60,878,540.00100.00
MOODY'S RATING
Total of Category$66,000,000.00$60,878,540.00100.00
S&P RATING
1010101010101010101010101010110110010011
10100001000110000000
10011111001000001111
11010010001001001010
11001101000000100001
10110011000101001000
10010111110110101001
11010000001010110000
11001110001111000101
10000000110101010000
10101001100010010011
10000010011110000000
10100110001011011011
10001000100101100100
10001000110010001011
10100001011011011010
11001111010001011101
10111001011010111010
11111111111111111111
CITY OF MENIFEE
ACCOUNT NUMBER:August 1, 2023 toAugust 31, 2023
Data contained within this section excluded Mutual Funds, Exchange Traded Funds, and Closed-Ended Funds.
BOND SUMMARY (continued)
BOND SUMMARY MESSAGES
N/A20,000,000.0018,742,560.0030.79
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Par ValueMarket Value
Percentage of
Category
Total of Category$66,000,000.00$60,878,540.00100.00
Glossary
The accumulation of the value of a discounted bond until maturity.
The difference between the proceeds and the Prior
Market Value of the transaction.
The difference between the Market Value and the
Adjusted Prior Market Value.
A figure calculated using the beginning Market Value for the fiscal year, adjusted for all asset related transactions during the period, employing an average cost methodology.
The decrease in value of a premium bond until maturity. - Anything owned that has commercial exchange value. Assets may consist of specific property or of claims against others, in contrast to obligations due to others (liabilities).
A measurement of a bond's quality based upon the issuer's financial condition. Ratings are assigned by independent rating services, such as Moody's, or S&P, and reflect their opinion of the issuer's ability to meet the scheduled interest and principal repayments for the bond.
Cash activity that includes both income and principal cash categories. - Also reported as Gain/Loss in Period in the Asset Detail section.
This figure shows the market appreciation (depreciation) for the current period. - The original price of an asset, normally the purchase price or appraised value at the time of acquisition. Book Value method maintains an average cost for each asset. - The original price of an asset, normally the purchase price or appraised value at the time of acquisition. Tax Basis uses client determined methods such as Last-In-First-Out (LIFO), First-In-First-Out (FIFO), Average, Minimum Gain, and Maximum Gain. (Also reported as Accrued Income)
Income earned but not yet received, or expenses
incurred but not yet paid, as of the end of the reporting period.
The amount of income a particular asset is anticipated to earn over the next year. The shares multiplied by annual income rate. - The annual rate of return on an investment expressed as a percentage. For stocks, yield is calculated by taking the annual dividend payments divided by the stock's current share price. For bonds, yield is calculated by the coupon rate divided by the bond's market price. - (Also reported as Ex-Date) For stock trades, the person who owns the security on the ex-dividend date will earn the dividend, regardless of who currently owns the stock.
A category of cash comprised of ordinary earnings derived from investments, usually dividends and interest.
The price per unit multiplied by the number of units.
- The date on which an obligation or note matures.
- The date on which a dividend, mutual fund distribution, or interest on a bond will be made.
A category of cash comprised of cash, deposits, cash withdrawals and the cash flows generated from purchases or sales of investments.
- The Proceeds less the Cost Basis of a transaction.
- The date on which a trade settles and cash or securities are credited or debited to the account.
The date a trade is legally entered into.
- The difference between the Market Value and Cost Basis at the end of the current period.
- The annual rate of return on an investment expressed as a percentage. For stocks, yield is calculated by the annual dividend payments divided by the stock's current share price.
For bonds, yield is calculated by the coupon rate divided by the bond's market price.
The terms defined in this glossary are only for use when reviewing your account statement. Please contact your Relationship Manager with any questions.
Accretion -
Adjusted Prior Market Realized Gain/Loss -
Adjusted Prior Market Unrealized Gain/Loss -
Adjusted Prior Market Value -
Amortization -
Asset
Bond Rating -
Cash -
Change in Unrealized Gain/Loss
Cost Basis (Book Value)
Cost Basis (Tax Basis)
Ending Accrual -
Estimated Annual Income -
Estimated Current Yield
Ex-Dividend Date
Income Cash -
Market Value -
Maturity Date
Payable Date
Principal Cash -
Realized Gain/Loss Calculation
Settlement Date
Trade Date -
Unrealized Gain/Loss
Yield on/at Market