City of Murrieta - Account
MONTHLY ACCOUNT STATEMENT
JUNE 1, 2023 THROUGH JUNE 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
US Bank
ACCOUNT SUMMARY
Beg. Values
as of 5/31/23
End Values
as of 6/30/23
Market Value 118,963,926 118,756,914
Accrued Interest 517,365 493,143
Total Market Value 119,481,291 119,250,057
Income Earned 186,035 195,939
Cont/WD -292
Par 123,197,690 123,565,885
Book Value 122,759,279 122,910,006
Cost Value 122,759,279 122,910,006
TOP ISSUERS
Government of United States 42.3%
Federal Home Loan Mortgage Corp 11.6%
Federal Farm Credit Bank 4.9%
Federal National Mortgage Assoc 4.8%
Federal Home Loan Bank 3.7%
Procter & Gamble Company 1.6%
Microsoft 1.5%
Caterpillar Inc 1.5%
Total 72.0%
PORTFOLIO CHARACTERISTICS
Average Modified Duration 1.61
Average Coupon 1.95%
Average Purchase YTM 2.08%
Average Market YTM 5.12%
Average S&P/Moody Rating AA/Aa1
Average Final Maturity 1.84 yrs
Average Life 1.72 yrs
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (S&P) Portfolio Summary
As of June 30, 2023
City of Murrieta
PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS 1/31/2020 City of Murrieta -0.19% 0.04% 1.48% 1.01% -1.10% -0.62% N/A N/A 0.12% ICE BofA 1-3 Yr US Treasury Index -0.48% -0.57% 0.97% 0.13% -1.60% -1.04% N/A N/A -0.23% Chandler Asset Management - CONFIDENTIAL Page 1 Execution Time: 7/8/2023 11:41:30 AM Category Standard Comment
U.S. Treasuries No limit; 5 years max maturity Complies Federal Agencies 30% max per Agency/GSE issuer; 20% max agency callable securities; 5 years max maturity Complies Municipal Securities (CA, Other States) "A" rating category or better by a NRSRO; 30% max; 5% max per issuer; 5 years max maturity Complies Supranational Obligations "AA" rating category or higher by a NRSRO; 30% max; 10% max per issuer; 5 years max maturity; USD denominated senior unsecured unsubordinated obligations; Issued or unconditionally guaranteed by IBRD, IFC, or IADB Complies Corporate Medium Term Notes
"A" rating category or higher by a NRSRO; 30% max; 5% max per issuer in Medium Term Notes and Commercial Paper; 5 years max maturity; Issued by corporations organized and operating within the U.S. or by depository institutions licensed by the U.S. or any state and operating within the U.S.
Complies
Asset-Backed Securities, Mortgage-Backed
Securities, Collateralized Mortgage
Obligations, Pass-Through Securities
"AA" rating category or higher by a NRSRO; 20% max (total aggregate in mortgage-backed and asset-backed securities); 5% max per issuer that is not a U.S. government agency; Mortgage-Backed Securities, Collateralized Mortgage Obligations and Asset-Backed Securities limited to mortgage-backed pass-through securities issued by a U.S. government agency or consumer receivable pass-through certificates or bonds; 5 years max maturity Complies
Negotiable Certificates of Deposit (NCD)
The amount of NCD insured up to the FDIC limit does not require any credit ratings; Any amount above FDIC insured limit must be issued by institutions with "A-1" short-term debt rating or better by a NRSRO; or "A" long-term rating category or better by a NRSRO; 30% max (combined with CDARS); 5% max per issuer; 5 years max maturity Complies
Certificate of Deposit Placement Service
(CDARS) 30% max (combination of Certificates of Deposit, including CDARS); 5 years max maturity Complies Time Deposits (Non-negotiable CD/TD) 20% max combined FDIC & Collateralized CD/TD; 5 years max maturity Complies Collateralized Bank Deposits Deposits with financial institutions will be collateralized with pledged securities per California Government Code Complies Banker’s Acceptances
"A-1" rated or higher by a NRSRO; "A" rating category or higher by a NRSRO, if issuers have senior debt outstanding; 30% max; 5% max in bankers acceptance of any one commercial bank; 180 days max maturity; Issued by FDIC insured commercial banks.
Complies
Commercial Paper
25% max; 40% max if the Agency’s investment assets under management are greater than $100 million, under a provision sunsetting on January 1, 2026; 5% max per issuer in Commercial Paper and Medium Term Notes; 270 days maturity; Prime Commercial Paper with the highest rating by a NRSRO; The entity that issues the commercial paper shall meet all of the conditions in either 1) or 2): 1) (a) be organized and operating in the U.S. as a general corporation, (b) have total assets in excess of $500 million, and (c) have debt other than commercial paper, if any, that has "A" rating category or higher by a NRSRO; 2) (a) be organized within the U.S. as a special purpose corporation, trust, or limited liability company; (b) have program-wide credit enhancements including, but not limited to, overcollateralization, letters of credit, or surety bond; and (c) have commercial paper that has "A-1" rating category or higher by a NRSRO.
Complies
Money Market Funds
"AAA" rating category by two NRSROs; 20% max (aggregate investment in combination of Money Market Funds and Mutual Funds); Investment in any individual fund may not exceed 10% of the fund; Registered under the Investment Company Act of 1940; "no load"; constant net asset value per share $1; invest only in securities authorized by California statute.
Complies
Statement of Compliance
As of June 30, 2023
City of Murrieta
Assets managed by Chandler Asset Management are in full compliance with state law and the Client's investment policy.
Mutual Funds
"AAA" rating category by two NRSROs; 20% max (aggregate investment in combination of Mutual Funds and Money Market Funds); Investment in any individual Mutual Fund shall not exceed 10% of the portfolio; Investment in any individual fund may not exceed 10% of the fund; Registered under the Investment Company Act of 1940; "no load"; invest only in securities authorized by California statute.
Complies
Local Agency Investment Fund (LAIF) Maximum amount permitted by LAIF, pursuant to California Government Code; Not used by investment adviser Complies Repurchase Agreements 20% max; 1 year max maturity; 102% collateralized; Not used by investment adviser Complies Max Per Issuer
5% max per issuer for all non-federal government securities, with the exception of Money Market Funds, Mutual Funds, Supranationals, LAIF, or unless otherwise specified in the investment policy Complies Maximum Maturity
5 years max maturity, unless the City Council has by resolution granted authority to make such an investment at least 3 months prior to the date of the investment Complies
BOOK VALUE RECONCILIATION
BEGINNING BOOK VALUE $122,759,279.12
Acquisition
+ Security Purchases $4,121,625.70
+ Money Market Fund Purchases $3,999,090.05
+ Money Market Contributions $0.00
+ Security Contributions $0.00
+ Security Transfers $0.00
Total Acquisitions $8,120,715.75
Dispositions
- Security Sales $0.00
- Money Market Fund Sales $4,132,205.23
- MMF Withdrawals $291.67
- Security Withdrawals $0.00
- Security Transfers $0.00
- Other Dispositions $0.00
- Maturities $3,350,000.00
- Calls $0.00
- Principal Paydowns $418,398.44
Total Dispositions $7,900,895.34
Amortization/Accretion
+/- Net Accretion $50.02
$50.02
Gain/Loss on Dispositions
+/- Realized Gain/Loss ($69,143.50)
($69,143.50)
ENDING BOOK VALUE $122,910,006.05
CASH TRANSACTION SUMMARY
BEGINNING BALANCE $403,657.96
Acquisition
Contributions $0.00
Security Sale Proceeds $0.00
Accrued Interest Received $0.00
Interest Received $227,714.22
Dividend Received $2,977.39
Principal on Maturities $3,350,000.00
Interest on Maturities $0.00
Calls/Redemption (Principal) $0.00
Interest from Calls/Redemption $0.00
Principal Paydown $418,398.44
Total Acquisitions $3,999,090.05
Dispositions
Withdrawals $291.67
Security Purchase $4,121,625.70
Accrued Interest Paid $10,579.53
Total Dispositions $4,132,496.90
ENDING BOOK VALUE $270,251.11
Reconciliation Summary
As of June 30, 2023
City of Murrieta
Chandler Asset Management - CONFIDENTIAL Page 3 Execution Time: 7/8/2023 11:41:30 AM Holdings Report
As of June 30, 2023
City of Murrieta
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
ABS
43813RAC1 Honda Auto Receivables 2020-1 A3
1.61% Due 4/22/2024
7,301.88 02/19/2020
1.62%
7,300.45
7,300.45
99.78 6.62%
7,285.97
3.27 0.01%
(14.48)
Aaa / NR
AAA
0.81 0.04
47789KAC7 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
3,683.93 03/04/2020
1.11%
3,683.71
3,683.71
99.83 7.52%
3,677.51
1.80 0.00%
(6.20)
Aaa / NR
AAA
1.13 0.03
89237VAB5 Toyota Auto Receivables Trust 2020-C
A3
0.44% Due 10/15/2024
57,901.09 07/21/2020
0.44%
57,896.64
57,896.64
99.31 6.03%
57,503.71
11.32 0.05%
(392.93)
Aaa / AAA
NR
1.30 0.12
36262XAC8 GM Financial Auto Lease Trust 2021-3
A2
0.39% Due 10/21/2024
433,120.97 08/10/2021
0.39%
433,115.08
433,115.08
98.59 5.86%
427,028.69
51.61 0.36%
(6,086.39)
NR / AAA
AAA
1.31 0.25
47787NAC3 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
22,165.67 07/14/2020
0.52%
22,162.29
22,162.29
99.28 5.17%
22,006.41
5.02 0.02%
(155.88)
Aaa / NR
AAA
1.38 0.15
58769KAD6 Mercedes-Benz Auto Lease Trust 2021-
B A3
0.4% Due 11/15/2024
329,307.48 06/22/2021
0.40%
329,282.63
329,282.63
98.41 6.13%
324,083.35
58.54 0.27%
(5,199.28)
NR / AAA
AAA
1.38 0.27
09690AAC7 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
136,899.40 09/08/2021
0.34%
136,885.27
136,885.27
98.70 6.39%
135,126.28
7.53 0.11%
(1,758.99)
Aaa / NR
AAA
1.49 0.21
89236XAC0 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
83,058.66 10/06/2020
0.36%
83,043.19
83,043.19
98.94 6.01%
82,176.74
12.92 0.07%
(866.45)
NR / AAA
AAA
1.55 0.19
05601XAC3 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
265,553.83 01/11/2022
1.11%
265,514.12
265,514.12
98.29 5.84%
261,012.86
48.68 0.22%
(4,501.26)
NR / AAA
AAA
1.74 0.36
43813GAC5 Honda Auto Receivables Trust 2021-1
A3
0.27% Due 4/21/2025
101,080.36 02/17/2021
0.27%
101,078.51
101,078.51
97.65 6.18%
98,707.70
7.58 0.08%
(2,370.81)
Aaa / NR
AAA
1.81 0.39
89240BAC2 Toyota Auto Receivables Owners 2021-
A A3
0.26% Due 5/15/2025
367,224.86 02/02/2021
0.27%
367,156.70
367,156.70
97.82 5.87%
359,209.81
42.43 0.30%
(7,946.89)
Aaa / NR
AAA
1.88 0.39
47788UAC6 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
200,613.66 03/02/2021
0.37%
200,575.11
200,575.11
97.07 6.12%
194,741.30
32.10 0.16%
(5,833.81)
Aaa / NR
AAA
2.21 0.50
44933LAC7 Hyundai Auto Receivables Trust 2021-A
A3
0.38% Due 9/15/2025
254,513.15 04/20/2021
0.38%
254,486.37
254,486.37
97.38 6.00%
247,838.80
42.98 0.21%
(6,647.57)
NR / AAA
AAA
2.21 0.46
05593AAC3 BMW Vehicle Lease Trust 2023-1 A3
5.16% Due 11/25/2025
155,000.00 02/07/2023
5.22%
154,996.31
154,996.31
99.33 5.75%
153,958.09
133.30
0.13%
(1,038.22)
Aaa / AAA
NR
2.41 1.26
Chandler Asset Management - CONFIDENTIAL Page 4 Execution Time: 7/8/2023 11:41:30 AM Holdings Report
As of June 30, 2023
City of Murrieta
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
ABS
44934KAC8 Hyundai Auto Receivables Trust 2021-B
A3
0.38% Due 1/15/2026
699,076.79 07/20/2021
0.39%
698,922.50
698,922.50
96.75 5.98%
676,338.62
118.07
0.57%
(22,583.88)
NR / AAA
AAA
2.55 0.58
43815GAC3 Honda Auto Receivables Trust 2021-4
A3
0.88% Due 1/21/2026
330,000.00 11/16/2021
0.89%
329,930.44
329,930.44
95.98 5.92%
316,727.73
80.67 0.27%
(13,202.71)
Aaa / NR
AAA
2.56 0.80
47789QAC4 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
359,131.75 07/13/2021
0.52%
359,099.72
359,099.72
95.80 6.12%
344,043.55
83.00 0.29%
(15,056.17)
Aaa / NR
AAA
2.71 0.75
43815PAC3 Honda Auto Receivables 2022-2 A3
3.73% Due 7/20/2026
365,000.00 08/15/2022
3.76%
364,978.25
364,978.25
97.37 5.56%
355,406.74
491.63
0.30%
(9,571.51)
NR / AAA
AAA
3.06 1.47
05602RAD3 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
350,000.00 05/10/2022
3.23%
349,981.80
349,981.80
97.22 5.76%
340,275.25
187.25
0.29%
(9,706.55)
Aaa / AAA
NR
3.16 1.10
362554AC1 GM Financial Securitized Term 2021-4
A3
0.68% Due 9/16/2026
250,000.00 10/13/2021
0.68%
249,993.63
249,993.63
95.50 6.14%
238,762.25
70.83 0.20%
(11,231.38)
Aaa / AAA
NR
3.22 0.82
47787JAC2 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
410,000.00 03/10/2022
2.34%
409,909.31
409,909.31
96.32 5.88%
394,925.53
422.76
0.33%
(14,983.78)
Aaa / NR
AAA
3.22 1.04
380146AC4 GM Financial Auto Receivables 2022-1
A3
1.26% Due 11/16/2026
215,000.00 01/11/2022
1.27%
214,981.32
214,981.32
95.52 5.90%
205,369.94
112.88
0.17%
(9,611.38)
NR / AAA
AAA
3.38 0.97
36265WAD5 GM Financial Securitized Auto 2022-3
A3
3.64% Due 4/16/2027
320,000.00 07/06/2022
3.67%
319,997.79
319,997.79
97.11 5.59%
310,749.44
485.33
0.26%
(9,248.35)
Aaa / NR
AAA
3.80 1.51
02582JJT8 American Express Credit Trust 2022-2 A
3.39% Due 5/17/2027
905,000.00 05/17/2022
3.42%
904,799.81
904,799.81
96.51 5.43%
873,378.40
1,363.53
0.73%
(31,421.41)
NR / AAA
AAA
3.88 1.75
92348KAV5 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
415,000.00 08/02/2022
3.75%
414,981.74
414,981.74
98.78 5.25%
409,942.81
471.72
0.34%
(5,038.93)
NR / AAA
AAA
4.06 1.09
Total ABS 7,035,633.48 1.75%
7,034,752.69
7,034,752.69 5.81%
6,840,277.48
4,346.75
5.74%
(194,475.21)
Aaa / AAA
AAA
2.73 0.88
AGENCY
3135G05G4 FNMA Note
0.25% Due 7/10/2023
1,755,000.00 07/08/2020
0.32%
1,751,226.75
1,751,226.75
99.91 3.51%
1,753,411.73
2,084.06
1.47%
2,184.98
Aaa / AA+
AAA
0.03 0.03
Chandler Asset Management - CONFIDENTIAL Page 5 Execution Time: 7/8/2023 11:41:30 AM Holdings Report
As of June 30, 2023
City of Murrieta
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
AGENCY
3137EAEW5 FHLMC Note
0.25% Due 9/8/2023
2,005,000.00 Various
0.26%
2,004,240.85
2,004,240.85
99.09 5.10%
1,986,794.60
1,573.37
1.67%
(17,446.25)
Aaa / AA+
AAA
0.19 0.19
3135G0U43 FNMA Note
2.875% Due 9/12/2023
1,000,000.00 06/26/2019
1.86%
1,040,880.00
1,040,880.00
99.49 5.42%
994,866.00
8,704.86
0.84%
(46,014.00)
Aaa / AA+
AAA
0.20 0.20
3137EAEY1 FHLMC Note
0.125% Due 10/16/2023
1,575,000.00 10/14/2020
0.25%
1,569,125.25
1,569,125.25
98.46 5.43%
1,550,787.53
410.16
1.30%
(18,337.72)
Aaa / AA+
AAA
0.30 0.29
3133EHN25 FFCB Note
2.2% Due 11/1/2023
2,000,000.00 06/20/2019
1.83%
2,031,280.00
2,031,280.00
98.89 5.53%
1,977,894.00
7,333.33
1.66%
(53,386.00)
Aaa / AA+
AAA
0.34 0.33
3137EAEZ8 FHLMC Note
0.25% Due 11/6/2023
2,050,000.00 11/03/2020
0.28%
2,048,155.00
2,048,155.00
98.27 5.28%
2,014,547.30
782.99
1.69%
(33,607.70)
Aaa / AA+
AAA
0.35 0.34
3135G06H1 FNMA Note
0.25% Due 11/27/2023
1,045,000.00 11/23/2020
0.29%
1,043,808.70
1,043,808.70
97.95 5.37%
1,023,623.48
246.74
0.86%
(20,185.22)
Aaa / AA+
AAA
0.41 0.40
3137EAFA2 FHLMC Note
0.25% Due 12/4/2023
1,465,000.00 12/02/2020
0.28%
1,463,549.65
1,463,549.65
97.84 5.41%
1,433,360.40
274.69
1.20%
(30,189.25)
Aaa / AA+
AAA
0.43 0.42
3133EKMX1 FFCB Note
2.23% Due 2/23/2024
2,000,000.00 07/16/2019
1.97%
2,022,820.00
2,022,820.00
98.00 5.42%
1,959,942.00
15,857.78
1.66%
(62,878.00)
Aaa / AA+
AAA
0.65 0.62
3130A1XJ2 FHLB Note
2.875% Due 6/14/2024
2,000,000.00 09/13/2019
1.76%
2,101,140.00
2,101,140.00
97.57 5.52%
1,951,392.00
2,715.28
1.64%
(149,748.00)
Aaa / AA+
NR
0.96 0.92
3135G0V75 FNMA Note
1.75% Due 7/2/2024
2,000,000.00 10/21/2019
1.66%
2,007,660.00
2,007,660.00
96.43 5.44%
1,928,640.00
17,402.78
1.63%
(79,020.00)
Aaa / AA+
AAA
1.01 0.97
3130AQF40 FHLB Note
1% Due 12/20/2024
1,400,000.00 12/21/2021
1.03%
1,398,768.00
1,398,768.00
94.00 5.29%
1,316,046.20
427.78
1.10%
(82,721.80)
Aaa / AA+
AAA
1.48 1.43
3133ENKS8 FFCB Note
1.125% Due 1/6/2025
755,000.00 01/06/2022
1.20%
753,301.25
753,301.25
94.13 5.20%
710,682.26
4,128.91
0.60%
(42,618.99)
Aaa / AA+
AAA
1.52 1.46
3133ENPG9 FFCB Note
1.75% Due 2/14/2025
1,200,000.00 02/25/2022
1.82%
1,197,456.00
1,197,456.00
94.82 5.12%
1,137,828.00
7,991.67
0.96%
(59,628.00)
Aaa / AA+
AAA
1.63 1.56
3130AVVX7 FHLB Note
3.75% Due 6/9/2028
1,120,000.00 06/07/2023
4.00%
1,107,243.20
1,107,243.20
99.30 3.90%
1,112,210.40
6,766.67
0.94%
4,967.20
Aaa / AA+
NR
4.95 4.44
Total Agency 23,370,000.00 1.21%
23,540,654.65
23,540,654.65 5.15%
22,852,025.90
76,701.07
19.23%
(688,628.75)
Aaa / AA+
AAA
0.83 0.79
Chandler Asset Management - CONFIDENTIAL Page 6 Execution Time: 7/8/2023 11:41:30 AM Holdings Report
As of June 30, 2023
City of Murrieta
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
CMO
3137BM7C4 FHLMC K051 A2
3.308% Due 9/25/2025
1,223,000.00 06/23/2022
3.33%
1,220,420.23
1,220,420.23
96.15 5.21%
1,175,916.95
3,371.40
0.99%
(44,503.28)
NR / NR
AAA
2.24 1.96
3137BSP72 FHLMC K058 A2
2.653% Due 8/25/2026
2,000,000.00 02/09/2023
4.35%
1,890,546.88
1,890,546.88
93.62 4.87%
1,872,376.00
4,421.67
1.57%
(18,170.88)
NR / NR
AAA
3.16 2.90
3137BTUM1 FHLMC K061 A2
3.347% Due 11/25/2026
900,000.00 09/22/2022
4.37%
867,691.41
867,691.41
95.07 4.99%
855,641.70
2,510.25
0.72%
(12,049.71)
NR / NR
AAA
3.41 2.97
3137BVZ82 FHLMC K063
3.43% Due 1/25/2027
862,000.00 Various
4.09%
839,600.51
839,600.51
95.56 4.82%
823,691.86
2,463.89
0.69%
(15,908.65)
NR / NR
AAA
3.58 3.14
3137F1G44 FHLMC K065 A2
3.243% Due 4/25/2027
1,000,000.00 09/19/2022
4.08%
965,468.75
965,468.75
95.00 4.70%
949,992.00
2,702.50
0.80%
(15,476.75)
NR / NR
AAA
3.82 3.42
3137FBU79 FHLMC K069 A2
3.187% Due 9/25/2027
1,250,000.00 05/18/2023
4.65%
1,200,732.43
1,200,732.43
94.32 4.70%
1,178,988.75
3,319.79
0.99%
(21,743.68)
NR / AAA
NR
4.24 3.75
Total CMO 7,235,000.00 4.16%
6,984,460.21
6,984,460.21 4.88%
6,856,607.26
18,789.50
5.77%
(127,852.95)
NR / AAA
AAA
3.36 3.00
CORPORATE
742718EB1 Procter & Gamble Co Note
3.1% Due 8/15/2023
1,880,000.00 06/27/2019
2.06%
1,957,305.60
1,957,305.60
99.83 4.44%
1,876,745.72
22,016.89
1.59%
(80,559.88)
Aa3 / AANR0.13
0.12 717081EN9 Pfizer Inc. Callable Note Cont 8/15/2023
3.2% Due 9/15/2023
1,250,000.00 06/26/2019
2.24%
1,298,250.00
1,298,250.00
99.49 5.64%
1,243,583.75
11,777.78
1.05%
(54,666.25)
A1 / A+
A
0.21 0.21
24422EVN6 John Deere Capital Corp Note
0.45% Due 1/17/2024
865,000.00 03/01/2021
0.47%
864,385.85
864,385.85
97.30 5.54%
841,603.48
1,773.25
0.71%
(22,782.37)
A2 / A
A+
0.55 0.53
69371RR24 Paccar Financial Corp Note
0.35% Due 2/2/2024
795,000.00 01/28/2021
0.39%
794,077.80
794,077.80
97.01 5.58%
771,239.84
1,151.65
0.65%
(22,837.96)
A1 / A+
NR
0.59 0.57
594918BX1 Microsoft Callable Note Cont 12/6/2023
2.875% Due 2/6/2024
1,850,000.00 07/18/2019
2.07%
1,914,361.50
1,914,361.50
98.49 5.47%
1,822,022.45
21,422.74
1.55%
(92,339.05)
Aaa / AAA
NR
0.61 0.58
166764BT6 Chevron Corp Callable Note Cont
1/3/2024
2.895% Due 3/3/2024
900,000.00 11/04/2019
1.94%
935,334.00
935,334.00
98.26 5.56%
884,308.50
8,540.25
0.75%
(51,025.50)
Aa2 / AANR0.68
0.65 808513BN4 Charles Schwab Corp Callable Note
Cont 2/18/2024
0.75% Due 3/18/2024
575,000.00 03/16/2021
0.77%
574,712.50
574,712.50
96.47 5.84%
554,730.68
1,233.85
0.47%
(19,981.82)
A2 / AA0.72
0.69 Chandler Asset Management - CONFIDENTIAL Page 7 Execution Time: 7/8/2023 11:41:30 AM Holdings Report
As of June 30, 2023
City of Murrieta
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
CORPORATE
023135BW5 Amazon.com Inc Note
0.45% Due 5/12/2024
805,000.00 05/10/2021
0.50%
803,824.70
803,824.70
95.87 5.39%
771,776.85
493.06
0.65%
(32,047.85)
A1 / AA
AA0.870.84
91324PEB4 United Health Group Inc Callable Note
Cont 5/15/2022
0.55% Due 5/15/2024
425,000.00 11/08/2021
0.78%
422,560.50
422,560.50
95.83 5.49%
407,283.88
298.68
0.34%
(15,276.62)
A3 / A+
A
0.88 0.85
24422EVQ9 John Deere Capital Corp Note
0.45% Due 6/7/2024
760,000.00 06/07/2021
0.49%
759,050.00
759,050.00
95.45 5.50%
725,428.36
228.00
0.61%
(33,621.64)
A2 / A
A+
0.94 0.91
06051GJY6 Bank of America Corp Callable Note
Cont 6/14/2023
5.47% Due 6/14/2024
960,000.00 06/07/2021
2.14%
960,064.00
960,064.00
99.85 5.67%
958,562.88
2,479.73
0.81%
(1,501.12)
A1 / AAA0.96
0.21 89236TJH9 Toyota Motor Credit Corp Note
0.5% Due 6/18/2024
1,140,000.00 06/15/2021
0.54%
1,138,643.40
1,138,643.40
95.28 5.58%
1,086,182.88
205.83
0.91%
(52,460.52)
A1 / A+
A+
0.97 0.94
79466LAG9 Salesforce.com Inc Callable Note Cont
7/15/2022
0.625% Due 7/15/2024
200,000.00 06/29/2021
0.64%
199,898.00
199,898.00
95.19 5.44%
190,379.60
576.39
0.16%
(9,518.40)
A2 / A+
NR
1.04 1.01
91159HHX1 US Bancorp Callable Note Cont
6/28/2024
2.4% Due 7/30/2024
1,000,000.00 11/09/2021
0.85%
1,041,550.00
1,041,550.00
96.46 5.82%
964,551.00
10,066.67
0.82%
(76,999.00)
A3 / A
A
1.08 1.03
69371RR40 Paccar Financial Corp Note
0.5% Due 8/9/2024
245,000.00 08/03/2021
0.52%
244,867.70
244,867.70
94.67 5.52%
231,937.83
483.19
0.19%
(12,929.87)
A1 / A+
NR
1.11 1.07
78016EYM3 Royal Bank of Canada Note
1.6% Due 1/21/2025
1,000,000.00 01/12/2022
1.60%
1,000,000.00
1,000,000.00
94.00 5.67%
940,037.00
7,111.11
0.79%
(59,963.00)
A1 / A
AA1.561.49
06406RBC0 Bank of NY Mellon Corp Callable Note
Cont 3/25/2025
3.35% Due 4/25/2025
900,000.00 04/19/2022
3.35%
899,874.00
899,874.00
96.16 5.60%
865,409.40
5,527.50
0.73%
(34,464.60)
A1 / A
AA1.821.72
14913R2V8 Caterpillar Financial Service Note
3.4% Due 5/13/2025
480,000.00 05/10/2022
3.44%
479,390.40
479,390.40
96.82 5.21%
464,718.72
2,176.00
0.39%
(14,671.68)
A2 / A
A+
1.87 1.77
438516CB0 Honeywell Intl Callable Note Cont
5/1/2025
1.35% Due 6/1/2025
1,000,000.00 03/09/2022
2.31%
970,280.00
970,280.00
93.29 5.06%
932,931.00
1,125.00
0.78%
(37,349.00)
A2 / A
A
1.92 1.85
89115A2A9 Toronto-Dominion Bank Note
3.766% Due 6/6/2025
1,000,000.00 06/02/2022
3.70%
1,001,830.00
1,001,830.00
96.95 5.45%
969,521.00
2,615.28
0.82%
(32,309.00)
A1 / A
NR
1.94 1.83
63743HFE7 National Rural Utilities Note
3.45% Due 6/15/2025
1,105,000.00 Various
3.61%
1,099,973.65
1,099,973.65
96.20 5.52%
1,062,987.90
1,694.34
0.89%
(36,985.75)
A2 / AA1.96
1.86 Chandler Asset Management - CONFIDENTIAL Page 8 Execution Time: 7/8/2023 11:41:30 AM Holdings Report
As of June 30, 2023
City of Murrieta
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
CORPORATE
14913R2Z9 Caterpillar Financial Service Note
3.65% Due 8/12/2025
1,375,000.00 08/08/2022
3.69%
1,373,336.25
1,373,336.25
97.06 5.13%
1,334,531.00
19,377.95
1.14%
(38,805.25)
A2 / A
A+
2.12 1.98
26442UAA2 Duke Energy Progress LLC Callable Note
Cont 5/15/25
3.25% Due 8/15/2025
1,000,000.00 06/23/2022
3.57%
990,710.00
990,710.00
95.92 5.30%
959,241.00
12,277.78
0.81%
(31,469.00)
Aa3 / A
NR
2.13 1.99
437076CR1 Home Depot Callable Note Cont
8/15/2025
4% Due 9/15/2025
1,000,000.00 09/14/2022
4.13%
996,380.00
996,380.00
98.06 4.94%
980,555.00
11,777.78
0.83%
(15,825.00)
A2 / A
A
2.21 2.06
023135CN4 Amazon.com Inc Note
4.6% Due 12/1/2025
425,000.00 11/29/2022
4.60%
424,974.50
424,974.50
99.22 4.95%
421,676.50
1,629.17
0.35%
(3,298.00)
A1 / AA
AA2.422.25
857477BR3 State Street Bank Callable Note Cont
2/6/2025
1.746% Due 2/6/2026
335,000.00 02/02/2022
2.99%
335,000.00
335,000.00
93.69 5.93%
313,871.55
2,355.89
0.27%
(21,128.45)
A1 / A
AA2.611.53
037833BY5 Apple Inc Callable Note Cont
11/23/2025
3.25% Due 2/23/2026
1,000,000.00 02/22/2023
4.72%
959,390.00
959,390.00
96.30 4.75%
963,030.00
11,555.56
0.82%
3,640.00
Aaa / AA+
NR
2.65 2.47
57629W6F2 Mass Mutual Global funding Note
4.5% Due 4/10/2026
750,000.00 04/04/2023
4.52%
749,482.50
749,482.50
97.75 5.38%
733,157.25
7,406.25
0.62%
(16,325.25)
Aa3 / AA+
AA+
2.78 2.55
58989V2F0 Met Tower Global Funding Note
5.4% Due 6/20/2026
1,000,000.00 06/12/2023
5.38%
1,000,440.00
1,000,440.00
99.54 5.57%
995,387.00
1,650.00
0.84%
(5,053.00)
Aa3 / AAAA2.98
2.71 61747YET8 Morgan Stanley Callable Note Cont
7/17/2025
4.679% Due 7/17/2026
1,000,000.00 09/14/2022
5.39%
994,030.00
994,030.00
98.13 5.66%
981,288.00
21,315.44
0.84%
(12,742.00)
A1 / AA+3.05
1.88 665859AW4 Northern Trust Company Callable Note
Cont 4/10/2027
4% Due 5/10/2027
1,000,000.00 09/14/2022
4.23%
990,460.00
990,460.00
96.34 5.05%
963,373.00
5,666.67
0.81%
(27,087.00)
A2 / A+
A+
3.86 3.50
74456QBU9 Public Service El & Gas Callable Note
Cont 02/01/28
3.7% Due 5/1/2028
750,000.00 06/22/2023
4.79%
715,005.00
715,005.00
95.13 4.84%
713,467.50
4,625.00
0.60%
(1,537.50)
A1 / A
NR
4.84 4.33
341081GN1 Florida Power and Light Callable Note
Cont 3/15/2028
4.4% Due 5/15/2028
1,500,000.00 05/22/2023
4.64%
1,484,025.00
1,484,025.00
98.12 4.84%
1,471,818.00
7,883.33
1.24%
(12,207.00)
Aa2 / A+
AA4.884.31
Total Corporate 30,270,000.00 2.76%
30,373,466.85
30,373,466.85 5.32%
29,397,338.52
210,518.01
24.83%
(976,128.33)
A1 / A+
A+
1.78 1.58
Chandler Asset Management - CONFIDENTIAL Page 9 Execution Time: 7/8/2023 11:41:30 AM Holdings Report
As of June 30, 2023
City of Murrieta
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
MONEY MARKET FUND
60934N104 Federated Investors Government
Obligations Fund
270,251.11 Various
4.90%
270,251.11
270,251.11
1.00 4.90%
270,251.11
0.00 0.23%
0.00 Aaa / AAA
AAA
0.00 0.00
Total Money Market Fund 270,251.11 4.90%
270,251.11
270,251.11 4.90%
270,251.11
0.00 0.23%
0.00 Aaa / AAA
AAA
0.00 0.00
SUPRANATIONAL
459058JM6 Intl. Bank Recon & Development Note
0.25% Due 11/24/2023
750,000.00 11/17/2020
0.32%
748,387.50
748,387.50
98.02 5.31%
735,120.75
192.71
0.62%
(13,266.75)
Aaa / AAA
AAA
0.40 0.39
4581X0DZ8 Inter-American Dev Bank Note
0.5% Due 9/23/2024
1,585,000.00 09/15/2021
0.52%
1,583,827.10
1,583,827.10
94.22 5.42%
1,493,307.75
2,157.36
1.25%
(90,519.35)
Aaa / AAA
NR
1.24 1.19
Total Supranational 2,335,000.00 0.46%
2,332,214.60
2,332,214.60 5.39%
2,228,428.50
2,350.07
1.87%
(103,786.10)
Aaa / AAA
AAA
0.96 0.93
US TREASURY
91282CBA8 US Treasury Note
0.125% Due 12/15/2023
2,000,000.00 01/06/2021
0.20%
1,995,781.25
1,995,781.25
97.73 5.20%
1,954,532.00
109.29
1.64%
(41,249.25)
Aaa / AA+
AAA
0.46 0.45
91282CBE0 US Treasury Note
0.125% Due 1/15/2024
2,000,000.00 01/12/2021
0.24%
1,992,890.63
1,992,890.63
97.27 5.31%
1,945,312.00
1,153.31
1.63%
(47,578.63)
Aaa / AA+
AAA
0.55 0.53
9128285Z9 US Treasury Note
2.5% Due 1/31/2024
2,000,000.00 09/13/2019
1.72%
2,065,631.70
2,065,631.70
98.34 5.41%
1,966,796.00
20,856.35
1.67%
(98,835.70)
Aaa / AA+
AAA
0.59 0.56
91282CBR1 US Treasury Note
0.25% Due 3/15/2024
2,000,000.00 06/28/2021
0.40%
1,991,875.00
1,991,875.00
96.47 5.39%
1,929,376.00
1,467.39
1.62%
(62,499.00)
Aaa / AA+
AAA
0.71 0.69
91282CBV2 US Treasury Note
0.375% Due 4/15/2024
1,100,000.00 04/28/2021
0.36%
1,100,644.53
1,100,644.53
96.14 5.42%
1,057,503.70
867.83
0.89%
(43,140.83)
Aaa / AA+
AAA
0.79 0.77
91282CCC3 US Treasury Note
0.25% Due 5/15/2024
1,000,000.00 05/12/2021
0.36%
996,875.00
996,875.00
95.62 5.44%
956,211.00
319.29
0.80%
(40,664.00)
Aaa / AA+
AAA
0.88 0.85
91282CCT6 US Treasury Note
0.375% Due 8/15/2024
2,000,000.00 08/26/2021
0.46%
1,995,234.38
1,995,234.38
94.61 5.37%
1,892,188.00
2,817.68
1.59%
(103,046.38)
Aaa / AA+
AAA
1.13 1.09
Chandler Asset Management - CONFIDENTIAL Page 10 Execution Time: 7/8/2023 11:41:30 AM Holdings Report
As of June 30, 2023
City of Murrieta
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
US TREASURY
91282CCX7 US Treasury Note
0.375% Due 9/15/2024
1,800,000.00 09/10/2021
0.44%
1,796,484.38
1,796,484.38
94.25 5.34%
1,696,570.20
1,980.98
1.42%
(99,914.18)
Aaa / AA+
AAA
1.21 1.17
912828YM6 US Treasury Note
1.5% Due 10/31/2024
1,700,000.00 09/24/2021
0.55%
1,749,273.44
1,749,273.44
95.15 5.31%
1,617,522.80
4,296.20
1.36%
(131,750.64)
Aaa / AA+
AAA
1.34 1.29
91282CDH1 US Treasury Note
0.75% Due 11/15/2024
2,000,000.00 11/29/2021
0.81%
1,996,328.13
1,996,328.13
94.05 5.29%
1,881,094.00
1,915.76
1.58%
(115,234.13)
Aaa / AA+
AAA
1.38 1.33
91282CDN8 US Treasury Note
1% Due 12/15/2024
900,000.00 12/29/2021
0.99%
900,386.72
900,386.72
94.11 5.24%
847,019.70
393.44
0.71%
(53,367.02)
Aaa / AA+
AAA
1.46 1.41
912828Z52 US Treasury Note
1.375% Due 1/31/2025
2,000,000.00 06/04/2021
0.51%
2,062,500.00
2,062,500.00
94.31 5.16%
1,886,172.00
11,470.99
1.59%
(176,328.00)
Aaa / AA+
AAA
1.59 1.52
912828ZC7 US Treasury Note
1.125% Due 2/28/2025
1,200,000.00 02/09/2022
1.59%
1,183,359.38
1,183,359.38
93.73 5.09%
1,124,766.00
4,512.23
0.95%
(58,593.38)
Aaa / AA+
AAA
1.67 1.61
912828ZF0 US Treasury Note
0.5% Due 3/31/2025
2,000,000.00 03/03/2021
0.54%
1,997,031.25
1,997,031.25
92.50 5.03%
1,850,000.00
2,513.66
1.55%
(147,031.25)
Aaa / AA+
AAA
1.75 1.70
912828ZL7 US Treasury Note
0.375% Due 4/30/2025
2,000,000.00 04/12/2021
0.66%
1,977,343.75
1,977,343.75
92.01 4.99%
1,840,156.00
1,263.59
1.54%
(137,187.75)
Aaa / AA+
AAA
1.84 1.78
912828ZT0 US Treasury Note
0.25% Due 5/31/2025
1,800,000.00 10/14/2021
0.78%
1,765,757.81
1,765,757.81
91.51 4.94%
1,647,210.60
381.15
1.38%
(118,547.21)
Aaa / AA+
AAA
1.92 1.87
91282CAB7 US Treasury Note
0.25% Due 7/31/2025
2,000,000.00 12/02/2021
1.06%
1,942,031.25
1,942,031.25
91.00 4.84%
1,819,922.00
2,085.64
1.53%
(122,109.25)
Aaa / AA+
AAA
2.09 2.03
91282CAJ0 US Treasury Note
0.25% Due 8/31/2025
1,000,000.00 03/22/2022
2.42%
928,828.13
928,828.13
90.73 4.80%
907,266.00
835.60
0.76%
(21,562.13)
Aaa / AA+
AAA
2.17 2.11
9128285C0 US Treasury Note
3% Due 9/30/2025
3,250,000.00 Various
2.90%
3,259,882.81
3,259,882.81
96.25 4.78%
3,127,998.25
24,508.20
2.64%
(131,884.56)
Aaa / AA+
AAA
2.25 2.13
9128285J5 US Treasury Note
3% Due 10/31/2025
2,500,000.00 06/23/2022
3.02%
2,498,632.81
2,498,632.81
96.18 4.75%
2,404,492.50
12,635.87
2.03%
(94,140.31)
Aaa / AA+
AAA
2.34 2.21
912828M56 US Treasury Note
2.25% Due 11/15/2025
2,500,000.00 06/23/2022
3.11%
2,431,152.34
2,431,152.34
94.48 4.74%
2,361,915.00
7,184.10
1.99%
(69,237.34)
Aaa / AA+
AAA
2.38 2.26
9128285T3 US Treasury Note
2.625% Due 12/31/2025
2,500,000.00 09/14/2022
3.76%
2,412,792.97
2,412,792.97
95.24 4.67%
2,380,957.50
178.33
2.00%
(31,835.47)
Aaa / AA+
AAA
2.51 2.38
9128286L9 US Treasury Note
2.25% Due 3/31/2026
2,500,000.00 09/14/2022
3.74%
2,377,832.03
2,377,832.03
94.10 4.56%
2,352,442.50
14,139.34
1.98%
(25,389.53)
Aaa / AA+
AAA
2.75 2.61
Chandler Asset Management - CONFIDENTIAL Page 11 Execution Time: 7/8/2023 11:41:30 AM Holdings Report
As of June 30, 2023
City of Murrieta
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
US TREASURY
91282CEF4 US Treasury Note
2.5% Due 3/31/2027
2,500,000.00 11/17/2022
4.02%
2,349,414.06
2,349,414.06
93.71 4.33%
2,342,870.00
15,710.38
1.98%
(6,544.06)
Aaa / AA+
AAA
3.75 3.50
91282CEW7 US Treasury Note
3.25% Due 6/30/2027
1,300,000.00 12/12/2022
3.87%
1,266,687.50
1,266,687.50
96.17 4.30%
1,250,234.70
114.81
1.05%
(16,452.80)
Aaa / AA+
AAA
4.00 3.70
91282CFH9 US Treasury Note
3.125% Due 8/31/2027
2,500,000.00 01/24/2023
3.65%
2,445,117.19
2,445,117.19
95.64 4.28%
2,390,917.50
26,112.43
2.03%
(54,199.69)
Aaa / AA+
AAA
4.17 3.81
91282CFM8 US Treasury Note
4.125% Due 9/30/2027
1,600,000.00 02/22/2023
4.19%
1,595,500.00
1,595,500.00
99.44 4.27%
1,591,062.40
16,590.16
1.35%
(4,437.60)
Aaa / AA+
AAA
4.25 3.82
9128283F5 US Treasury Note
2.25% Due 11/15/2027
1,400,000.00 06/07/2023
4.05%
1,298,937.50
1,298,937.50
92.11 4.25%
1,289,477.00
4,023.10
1.08%
(9,460.50)
Aaa / AA+
AAA
4.38 4.08
Total US Treasury 53,050,000.00 1.91%
52,374,205.94
52,374,205.94 4.92%
50,311,985.35
180,437.10
42.34%
(2,062,220.59)
Aaa / AA+
AAA
2.06 1.95
TOTAL PORTFOLIO 123,565,884.59 2.08%
122,910,006.05
122,910,006.05 5.12%
118,756,914.12
493,142.50
100.00%
(4,153,091.93)
Aa1 / AA
AAA
1.84 1.61
TOTAL MARKET VALUE PLUS ACCRUED 119,250,056.62
Chandler Asset Management - CONFIDENTIAL Page 12 Execution Time: 7/8/2023 11:41:30 AM