Murrieta Liquidity - Account
MONTHLY ACCOUNT STATEMENT
SEPTEMBER 1, 2023 THROUGH SEPTEMBER 30, 2023
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.
CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:
Custodian
ACCOUNT SUMMARY
Beg. Values
as of 8/31/23
End Values
as of 9/30/23
Market Value 10,994,963
Accrued Interest 0 25,719
Total Market Value 11,020,682
Income Earned 23,425
Cont/WD 0
Par 11,171,489
Book Value 10,997,706
Cost Value 10,997,706
TOP ISSUERS
Government of United States 44.5%
First American Govt Obligation 19.7%
Cooperatieve Rabobank UA 18.2%
MUFG Bank Ltd/NY 17.6%
Total 100.0%
PORTFOLIO CHARACTERISTICS
Average Modified Duration 0.41
Average Coupon 5.45%
Average Purchase YTM 5.58%
Average Market YTM 5.61%
Average S&P/Moody Rating AAA/Aaa
Average Final Maturity 0.42 yrs
Average Life 0.17 yrs
CREDIT QUALITY (S&P)
MATURITY DISTRIBUTION
SECTOR ALLOCATION
Portfolio Summary
As of September 30, 2023
Murrieta Liquidity
Account
PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Execution Time: 10/11/2023 11:05:59 AMChandler Asset Management - CONFIDENTIAL Page 1
BOOK VALUE RECONCILIATION
BEGINNING BOOK VALUE $0.00
Acquisition
+ Security Purchases $8,826,216.11
+ Money Market Fund Purchases $0.00
+ Money Market Contributions $11,000,000.00
+ Security Contributions $0.00
+ Security Transfers $0.00
Total Acquisitions $19,826,216.11
Dispositions
- Security Sales $0.00
- Money Market Fund Sales $8,828,510.55
- MMF Withdrawals $0.00
- Security Withdrawals $0.00
- Security Transfers $0.00
- Other Dispositions $0.00
- Maturities $0.00
- Calls $0.00
- Principal Paydowns $0.00
Total Dispositions $8,828,510.55
Amortization/Accretion
+/- Net Accretion $0.00
$0.00
Gain/Loss on Dispositions
+/- Realized Gain/Loss $0.00
$0.00
ENDING BOOK VALUE $10,997,705.56
CASH TRANSACTION SUMMARY
BEGINNING BALANCE $0.00
Acquisition
Contributions $11,000,000.00
Security Sale Proceeds $0.00
Accrued Interest Received $0.00
Interest Received $0.00
Dividend Received $0.00
Principal on Maturities $0.00
Interest on Maturities $0.00
Calls/Redemption (Principal) $0.00
Interest from Calls/Redemption $0.00
Principal Paydown $0.00
Total Acquisitions $11,000,000.00
Dispositions
Withdrawals $0.00
Security Purchase $8,826,216.11
Accrued Interest Paid $2,294.44
Total Dispositions $8,828,510.55
ENDING BOOK VALUE $2,171,489.45
Reconciliation Summary
As of September 30, 2023
Murrieta Liquidity
Account
Execution Time: 10/11/2023 11:05:59 AMChandler Asset Management - CONFIDENTIAL Page 2 Holdings Report
As of September 30, 2023
Murrieta Liquidity
Account
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
COMMERCIAL PAPER
62479LDC6 MUFG Bank Ltd Discount CP
5.64% Due 4/12/2024
2,000,000.00 09/13/2023
5.89%
1,933,886.67
1,933,886.67
96.69 5.89%
1,933,886.67
5,326.67
17.60%
0.00 P-1 / A-1
NR
0.53 0.52
Total Commercial Paper 2,000,000.00 5.89%
1,933,886.67
1,933,886.67 5.89%
1,933,886.67
5,326.67
17.60%
0.00 P-1 / A-1
NR
0.53 0.52
MONEY MARKET FUND
31846V567 First American Govt Obligation MMKT
Class-Z
2,171,489.45 09/13/2023
5.21%
2,171,489.45
2,171,489.45
1.00 5.21%
2,171,489.45
0.00 19.70%
0.00 Aaa / AAA
AAA
0.00 0.00
Total Money Market Fund 2,171,489.45 5.21%
2,171,489.45
2,171,489.45 5.21%
2,171,489.45
0.00 19.70%
0.00 Aaa / AAA
AAA
0.00 0.00
NEGOTIABLE CD
21684XH82 Cooperative Rabobank UA Yankee CD
5.9% Due 9/6/2024
2,000,000.00 09/13/2023
5.90%
1,999,872.84
1,999,872.84
99.86 6.04%
1,997,130.00
7,866.67
18.19%
(2,742.84)
P-1 / A-1
F-1+
0.94 0.91
Total Negotiable CD 2,000,000.00 5.90%
1,999,872.84
1,999,872.84 6.04%
1,997,130.00
7,866.67
18.19%
(2,742.84)
P-1 / A-1
F-1+
0.94 0.91
US TREASURY
912797HY6 US Treasury Bill
5.313% Due 1/9/2024
2,500,000.00 09/13/2023
5.48%
2,456,835.94
2,456,835.94
98.27 5.48%
2,456,835.94
6,271.70
22.35%
0.00 P-1 / A-1+
F-1+
0.28 0.27
912797GQ4 US Treasury Bill
5.298% Due 3/7/2024
2,500,000.00 09/13/2023
5.51%
2,435,620.66
2,435,620.66
97.42 5.51%
2,435,620.66
6,253.99
22.16%
0.00 P-1 / A-1+
F-1+
0.44 0.42
Total US Treasury 5,000,000.00 5.50%
4,892,456.60
4,892,456.60 5.50%
4,892,456.60
12,525.69
44.51%
0.00 P-1 / A-1+
F-1+
0.36 0.35
TOTAL PORTFOLIO 11,171,489.45 5.58%
10,997,705.56
10,997,705.56 5.61%
10,994,962.72
25,719.03
100.00%
(2,742.84)
Aaa / AAA
AAA
0.42 0.41
TOTAL MARKET VALUE PLUS ACCRUED 11,020,681.75
Execution Time: 10/11/2023 11:05:59 AMChandler Asset Management - CONFIDENTIAL Page 3 Transaction Ledger
As of September 30, 2023
Murrieta Liquidity
Account
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 09/14/2023 21684XH82 2,000,000.00 Cooperative Rabobank UA Yankee CD
5.9% Due 9/6/2024
99.994 5.90% 1,999,872.84 2,294.44 2,002,167.28 0.00
Purchase 09/14/2023 62479LDC6 2,000,000.00 MUFG Bank Ltd Discount CP
5.64% Due 4/12/2024
96.694 5.89% 1,933,886.67 0.00 1,933,886.67 0.00
Purchase 09/14/2023 912797GQ4 2,500,000.00 US Treasury Bill
5.298% Due 3/7/2024
97.425 5.51% 2,435,620.66 0.00 2,435,620.66 0.00
Purchase 09/14/2023 912797HY6 2,500,000.00 US Treasury Bill
5.313% Due 1/9/2024
98.273 5.48% 2,456,835.94 0.00 2,456,835.94 0.00
Subtotal 9,000,000.00 8,826,216.11 2,294.44 8,828,510.55 0.00 Security
Contribution
09/13/2023 31846V567 11,000,000.00 First American Govt Obligation MMKT Class-Z
1.000 11,000,000.00 0.00 11,000,000.00 0.00
Subtotal 11,000,000.00 11,000,000.00 0.00 11,000,000.00 0.00 TOTAL ACQUISITIONS 20,000,000.00 19,826,216.11 2,294.44 19,828,510.55 0.00
DISPOSITIONS
Sale 09/14/2023 31846V567 8,828,510.55 First American Govt Obligation MMKT Class-Z
1.000 5.21% 8,828,510.55 0.00 8,828,510.55 0.00
Subtotal 8,828,510.55 8,828,510.55 0.00 8,828,510.55 0.00 TOTAL DISPOSITIONS 8,828,510.55 8,828,510.55 0.00 8,828,510.55 0.00 Execution Time: 10/11/2023 11:05:59 AMChandler Asset Management - CONFIDENTIAL Page 4 Income Earned
As of September 30, 2023
Murrieta Liquidity
Account
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
CASH & EQUIVALENT
21684XH82 Cooperative Rabobank UA
Yankee CD
5.9% Due 09/06/2024
09/13/2023
09/14/2023
2,000,000.00
0.00 1,999,872.84
0.00 1,999,872.84
0.00 (2,294.44)
7,866.67
5,572.23
0.00 0.00
0.00 5,572.23
5,572.23
31846V567 First American
Govt Obligation MMKT Class-Z
09/13/2023
09/13/2023
2,171,489.45
0.00 11,000,000.00
8,828,510.55
2,171,489.45
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 62479LDC6 MUFG Bank Ltd
Discount CP
5.64% Due 04/12/2024
09/13/2023
09/14/2023
2,000,000.00
0.00 1,933,886.67
0.00 1,933,886.67
0.00 0.00
5,326.67
5,326.67
0.00 0.00
0.00 5,326.67
5,326.67
912797GQ4 US Treasury
Bill
5.298% Due 03/07/2024
09/13/2023
09/14/2023
2,500,000.00
0.00 2,435,620.66
0.00 2,435,620.66
0.00 0.00
6,253.99
6,253.99
0.00 0.00
0.00 6,253.99
6,253.99
912797HY6 US Treasury
Bill
5.313% Due 01/09/2024
09/13/2023
09/14/2023
2,500,000.00
0.00 2,456,835.94
0.00 2,456,835.94
0.00 0.00
6,271.70
6,271.70
0.00 0.00
0.00 6,271.70
6,271.70
Total Cash & Equivalent 11,171,489.45
0.00 19,826,216.11
8,828,510.55
10,997,705.56
0.00 (2,294.44)
25,719.03
23,424.59
0.00 0.00
0.00 23,424.59
23,424.59
TOTAL PORTFOLIO 11,171,489.45
0.00 19,826,216.11
8,828,510.55
10,997,705.56
0.00 (2,294.44)
25,719.03
23,424.59
0.00 0.00
0.00 23,424.59
23,424.59
Execution Time: 10/11/2023 11:05:59 AMChandler Asset Management - CONFIDENTIAL Page 5 Cash Flow Report
As of September 30, 2023
Murrieta Liquidity
Account
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/09/2024 Maturity 912797HY6 2,500,000.00 US Treasury Bill
5.313% Due 1/9/2024
2,456,835.94 43,164.06 2,500,000.00
JAN 2024 2,456,835.94 43,164.06 2,500,000.00
03/07/2024 Maturity 912797GQ4 2,500,000.00 US Treasury Bill
5.298% Due 3/7/2024
2,435,620.66 64,379.34 2,500,000.00
MAR 2024 2,435,620.66 64,379.34 2,500,000.00
04/12/2024 Maturity 62479LDC6 2,000,000.00 MUFG Bank Ltd Discount CP
5.64% Due 4/12/2024
1,933,886.67 66,113.33 2,000,000.00
APR 2024 1,933,886.67 66,113.33 2,000,000.00
09/06/2024 Maturity 21684XH82 2,000,000.00 Cooperative Rabobank UA Yankee CD
5.9% Due 9/6/2024
2,000,000.00 119,638.89 2,119,638.89
SEP 2024 2,000,000.00 119,638.89 2,119,638.89
TOTAL 8,826,343.27 293,295.62 9,119,638.89
Execution Time: 10/11/2023 11:05:59 AMChandler Asset Management - CONFIDENTIAL Page 6 Important Disclosures
Murrieta Liquidity
Account
Chandler Asset Management, Inc. ;͞Chandler͟Ϳis an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV). To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.
Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.
Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.
Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.
Performance: Performance results are presented gross-of-advisory fees and represent the client͛s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.
Source ice Data Indices, LLC ("ICE"), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN "AS IS" BASIS; ICE, ITS AFFILIATES AND THEIR RESPECTIVE
THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES OR
THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN "AS IS" BASIS AND LICENSEE'S USE IS AT LICENSEE'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.
Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.
Ratings: Ratings information have been provided by Moody͛s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.
Security level ratings for U.S. Agency issued mortgage-backed securities ;͞MBS͟Ϳreflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody͛s and Fitch respectively.
Execution Time: 10/11/2023 11:05:59 AMChandler Asset Management - CONFIDENTIAL Page 7