Monthly Investment Report
City of Redondo Beach
December 2023
10655 Park Run Drive, Suite 120 | Las Vegas, NV 89144 | Phone 702.575.6600 | www.meederpublicfunds.com Run Date: 1/9/2024 - 10:52 AM
Amortizing Page 2
Portfolio Summary
City of Redondo Beach 12/31/2023
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)
ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 12/31/23 11/30/23 Issuer % Portfolio
Market Value $97,871,441 $84,468,225 U.S. Treasury 28.7% Book Value $100,429,570 $87,785,308 Allspring Money Market Fund 19.5% Variance -$2,558,129 -$3,317,083 FHLB 18.9%
FHLMC 14.5%
Par Value $101,205,183 $88,592,792 FFCB 9.4%
FNMA 5.0%
Net Asset Value $97.45 $96.22 National Securities Clearing 1.9% Toyota 1.0%
Book Yield 2.96% 2.57% Comenity Capital Bank 0.2%
Morgan Stanley Private Bank 0.2%
Market Yield 4.51% 4.74% Wells Fargo 0.2%
Morgan Stanley Bank 0.2%
Years to Maturity 1.73 2.06 LAIF 0.1%
Effective Duration 1.42 1.75
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
1.00%
1.25%
1.50%
1.75%
2.00%
2.25%
2.50%
2.75%
3.00%
3.25%
3.50%
0.1%
1.0%
2.9%
19.5%
28.7%
47.8%
LAIF
CD
CORP
MMF
TSY
AGY
0% 25% 50% 75% 100%
37.1%
25.6%
12.5%
19.9%
5.0%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+
0%
10%
20%
30%
40%
50%
60%
70%
1.1%
1.0%
97.9%
NR
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
0% 25% 50% 75% 100%
2 Run Date: 1/9/2024 - 10:52 AM
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Investment Policy Compliance
City of Redondo Beach 12/31/2023
Category Book Value % of Portfolio % Allowed by Policy In Compliance Reserved row US Treasuries 28,785,151.95 28.66% 100% Yes
US Federal Agencies 48,017,977.66 47.81% 100% Yes
Supranational Obligations 0.00 0.00% 15% Yes
LAIF 100,842.48 0.10% 65,000,000 Yes
Commercial Paper 0.00 0.00% 25% Yes
Money Market Funds 19,612,340.37 19.53% 20% Yes
Negotiable Certificates of Deposit 991,855.94 0.99% 30% Yes Corporate Obligations 2,921,401.96 2.91% 30% Yes
Total 100,429,570.36 100.00%
Other Metrics Portfolio Metric In Compliance
Weighted Average Maturity 1.73 Less than 2.5 Years Yes
Liquidity 37.05% 25% Under 365 Days Yes
Ratings Yes
3 Run Date: 1/9/2024 - 10:52 AM
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Historical Book Values
City of Redondo Beach 12/31/2023
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fiscal Year 2020 $94.9 $87.7 $85.2 $82.2 $79.6 $81.1 $87.0 $92.1 $92.5 $86.9 $93.0 $95.5 FY20 Fiscal Year 2021 $91.4 $77.1 $75.4 $72.7 $71.4 $69.7 $76.3 $79.2 $81.5 $79.7 $84.9 $87.1 FY21 Fiscal Year 2022 $87.4 $89.1 $88.6 $82.6 $81.1 $82.8 $92.8 $98.8 $98.1 $96.2 $97.2 $99.8 FY22 Fiscal Year 2023 $108.7 $111.6 $113.9 $110.5 $110.4 $106.5 $101.8 $99.4 $104.8 $101.3 $101.0 $105.6 FY23 Fiscal Year 2024 $100.5 $93.7 $91.1 $89.3 $84.6 $82.1 FY24 Average Daily BalanceJul-09
Nov-09
Mar-10
Jul-10
Nov-10
Mar-11
Jul-11
Nov-11
Mar-12
Jul-12
Nov-12
Mar-13
Jul-13
Nov-13
Mar-14
Jul-14
Nov-14
Mar-15
Jul-15
Nov-15
Mar-16
Jul-16
Nov-16
Mar-17
Jul-17
Nov-17
Mar-18
Jul-18
Nov-18
Mar-19
Jul-19
Nov-19
Mar-20
Jul-20
Nov-20
Mar-21
Jul-21
Nov-21
Mar-22
Jul-22
Nov-22
Mar-23
Jul-23
Nov-23
$40
$50
$60
$70
$80
$90
$100
$110
$120
Millions
4 Run Date: 1/9/2024 - 10:52 AM
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Historical Book Values Per Fiscal Year
City of Redondo Beach 12/31/2023
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fiscal Year 2020 $94.9 $87.7 $85.2 $82.2 $79.6 $81.1 $87.0 $92.1 $92.5 $86.9 $93.0 $95.5 FY20 Fiscal Year 2021 $91.4 $77.1 $75.4 $72.7 $71.4 $69.7 $76.3 $79.2 $81.5 $79.7 $84.9 $87.1 FY21 Fiscal Year 2022 $87.4 $89.1 $88.6 $82.6 $81.1 $82.8 $92.8 $98.8 $98.1 $96.2 $97.2 $99.8 FY22 Fiscal Year 2023 $108.7 $111.6 $113.9 $110.5 $110.4 $106.5 $101.8 $99.4 $104.8 $101.3 $101.0 $105.6 FY23 Fiscal Year 2024 $100.5 $93.7 $91.1 $89.3 $84.6 $82.1 FY24 Figures in Millions, Average Daily Balance
Chart Title
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
$60
$70
$80
$90
$100
$110
$120
Millions
Fiscal Year 2020 Fiscal Year 2021 Fiscal Year 2022 Fiscal Year 2023 Fiscal Year 2024 5 Run Date: 1/9/2024 - 10:52 AM
Amortizing Page 6
Historical Weighted Average Maturity
City of Redondo Beach 12/31/2023 Don
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fiscal Year 2020 1.90 2.12 2.10 2.13 2.17 1.89 2.04 2.03 2.02 2.06 1.74 1.72 Fiscal Year 2021 2.01 1.99 1.97 1.92 2.01 1.68 1.61 1.74 1.69 1.58 1.43 1.64 Fiscal Year 2022 1.59 1.78 2.06 2.04 2.01 1.81 2.07 2.07 2.03 1.97 2.06 1.92 Fiscal Year 2023 1.85 1.96 1.99 1.96 1.90 1.72 1.65 2.05 1.98 2.20 1.92 1.91 Fiscal Year 2024 1.99 2.04 1.96 2.03 2.06 1.73 Jul-09 Nov-09 Mar-10 Jul-10 Nov-10 Mar-11 Jul-11 Nov-11 Mar-12 Jul-12 Nov-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-15 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16 Mar-17
Jul-17
Nov-17
Mar-18
Jul-18
Nov-18
Mar-19
Jul-19
Nov-19
Mar-20
Jul-20
Nov-20
Mar-21
Jul-21
Nov-21
Mar-22
Jul-22
Nov-22
Mar-23
Jul-23
Nov-23
0.00 0.50
1.00 1.50
2.00 2.50
3.00 3.50
Average Years To Maturity
6 Run Date: 1/9/2024 - 10:52 AM
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Next Twelve Months Cash Flow
City of Redondo Beach 12/31/2023
Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Maturities $19.7 $0.0 $1.0 $0.0 $0.5 $1.7 $1.0 $7.0 $0.0 $2.2 $2.0 $2.0 1 Par Value in Millions; Assumes Securities Are Held To Maturity $19.7
$0.0
$1.0
$0.0 $0.5
$1.7 $1.0
$7.0
$0.0
$2.2 $2.0 $2.0
Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 $0
$5
$10
$15
$20
$25
$30
$35
$40
Millions
7 Run Date: 1/9/2024 - 10:52 AM
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Yield At Cost Per 6-Month Maturity Intervals
City of Redondo Beach 12/31/2023
Years Yield At Cost % of Portfolio
0 to .5 4.74% 22.86%
.5 to 1.0 2.02% 14.19%
1.0 to 1.5 2.82% 4.90%
1.5 to 2.0 2.34% 20.70%
2.0 to 2.5 0.89% 0.99%
2.5 to 3.0 2.50% 9.49%
3.0 to 3.5 1.93% 16.93%
3.5 to 4.0 3.95% 4.98%
4.0 to 4.5 3.94% 4.97%
4.5 to 5.0 0.00% 0.00%
5.0+ 0.00% 0.00%
Total 2.96% 100.0%
4.74%
2.02%
2.82%
2.34%
0.89%
2.50%
1.93%
3.95% 3.94%
-0.5 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
5.5%
6.0%
Maturity Intervals
Yield At Cost
Bubble Size = Maturity's % of Portfolio
8 Run Date: 1/9/2024 - 10:52 AM
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Historical Sector Allocation
City of Redondo Beach 12/31/2023
Sector Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 AGY 40.3% 48.2% 48.1% 55.7% 48.1% 49.7% 50.0% 53.4% 50.2% 54.0% 57.0% 47.8% TSY 23.7% 27.8% 27.8% 32.1% 31.9% 32.9% 30.9% 33.0% 32.9% 35.4% 32.8% 28.7% MMF 23.2% 11.2% 11.3% 1.5% 10.8% 7.8% 11.6% 5.6% 8.8% 6.3% 5.7% 19.5% CORP 7.5% 7.5% 7.5% 8.7% 7.5% 7.8% 6.5% 7.0% 6.9% 3.1% 3.3% 2.9% CD 0.8% 0.8% 0.8% 1.0% 0.8% 0.9% 0.9% 1.0% 1.0% 1.1% 1.1% 1.0% LAIF 4.4% 4.4% 4.4% 1.1% 0.9% 0.9% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
60%
AGY
TSY
MMF
CORP
CD
LAIF
9 Run Date: 1/9/2024 - 10:52 AM
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Issuer Allocation
City of Redondo Beach 12/31/2023
0.1%
0.2%
0.2%
0.2%
0.2%
1.0%
1.9%
5.0%
9.4%
14.5%
18.9%
19.5%
28.7%
LAIF
Wells Fargo
Morgan Stanley Bank
Comenity Capital Bank
Morgan Stanley Private Bank
Toyota
National Securities Clearing
FNMA
FFCB
FHLMC
FHLB
Allspring Money Market Fund
U.S. Treasury
0% 5% 10% 15% 20% 25% 30% 35%
10 Run Date: 1/9/2024 - 10:52 AM
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Historical Earnings & Book Return Performance
City of Redondo Beach 12/31/2023
Fiscal YTD ($K) Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun FY 2022 $112.499 $217.986 $382.727 $489.647 $593.726 $696.012 $806.551 $913.900 $1,021.840 $1,124.589 $1,230.356 $1,342.113 FY 2023 $132.884 $272.892 $425.012 $645.396 $798.263 $952.194 $1,226.478 $1,453.296 $1,757.809 $1,966.545 $2,184.041 $2,435.724 FY 2024 $248.302 $467.129 $675.178 $875.773 $1,068.390 $1,260.353 Fiscal YTD Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Book Return 2.91% 2.83% 2.82% 2.78% 2.78% 2.77%
Fiscal Year-To-Date Earnings
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
Thousands
FY 2022
FY 2023
FY 2024
Fiscal Year-To-Date Book Return
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
2.00%
2.25%
2.50%
2.75%
3.00%
3.25%
3.50%
3.75%
11 Run Date: 1/9/2024 - 10:52 AM
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Historical Yield At Cost vs Benchmark
City of Redondo Beach 12/31/2023
Month-End Yield At Cost vs Benchmark
Jun-12
Oct-12
Feb-13
Jun-13
Oct-13
Feb-14
Jun-14
Oct-14
Feb-15
Jun-15
Oct-15
Feb-16
Jun-16
Oct-16
Feb-17
Jun-17
Oct-17
Feb-18
Jun-18
Oct-18
Feb-19
Jun-19
Oct-19
Feb-20
Jun-20
Oct-20
Feb-21
Jun-21
Oct-21
Feb-22
Jun-22
Oct-22
Feb-23
Jun-23
Oct-23
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5% Portfolio
Benchmark
Trailing 12 Months: Month End Yield At Cost vs Benchmark Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
Portfolio
Benchmark
Benchmark: Custom Benchmark (see disclosure)
12 Run Date: 1/9/2024 - 10:52 AM
Amortizing Page 13
Total Return Performance
City of Redondo Beach 12/31/2023
*Index: ICE BofA 0-5Yr Treasury Index
**Inception: July 2012
1 Month 3 Month FYTD 1 Year 3 Year 5 Year Inception
Portfolio 1.145% 2.650% 3.251% 4.812% 0.240% 1.742% 1.329% Benchmark 1.257% 2.716% 3.225% 4.489% -0.155% 1.376% 1.073% Variance -0.112% -0.067% 0.026% 0.323% 0.395% 0.366% 0.256% 1 Month 3 Month FYTD 1 Year 3 Year 5 Year Inception**
-1.000%
0.000%
1.000%
2.000%
3.000%
4.000%
5.000%
6.000%
Portfolio
Benchmark
13 Run Date: 1/9/2024 - 10:52 AM
Amortizing Page 14
Investment Activity
City of Redondo Beach 12/31/2023
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Positions 37 40 40 40 41 41 38 38 37 35 34 33
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Purchases 0 3 0 0 1 1 0 0 0 0 0 0
Redemptions 0 0 0 0 0 1 3 0 1 2 1 1
Total 0 3 0 0 1 2 3 0 1 2 1 1
Number of Positions at Month End
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 20 30
40 50
60 Positions
Purchases and Redemptions* (Excluding MMF/LGIP)
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 0 2
4 6
8 10
Number of Transactions
Purchases
Redemptions
*Redemptions include maturities, calls, and sells
14 Portfolio Summary
City of Redondo Beach December 31, 2023
Investments Par Value Book Value
% of
Portfolio Maturity YTM
Days to
Market Value
Book
Certificates of Deposit 992,000.00 978,868.40 991,855.94 0.99 179 2.57 Corporate Bonds 3,000,000.00 2,905,930.00 2,921,401.96 2.91 344 3.33 LAIF 100,842.48 100,842.48 100,842.48 0.10 1 3.93
Money Market Funds 19,612,340.37 19,612,340.37 19,612,340.37 19.53 1 5.24 U.S. Agencies 48,500,000.00 46,769,490.00 48,017,977.66 47.81 895 2.64 U.S. Treasuries 29,000,000.00 27,503,970.00 28,785,151.95 28.66 671 1.89 101,205,182.85 97,871,441.25 100,429,570.36 100.00 632 2.96 Investments
Total Earnings December 31 Month Ending Fiscal Year To Date Current Year 191,962.76 1,260,352.75
Average Daily Balance 82,092,071.80 90,215,339.99
Book Rate of Return 2.75% 2.77%
Run Date: 1/9/2024 - 10:52 AM
Amortizing
15 Holdings Report
City of Redondo Beach December 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
Certificates of Deposit
61760AZZ5 Morgan Stanley Private Bank 05/09/2024 248,000.00 05/09/2019 248,000.00 99.08 245,728.32 0.25% NR/NR 0.36
2.650% 2.65% 248,000.00 5.24% 954.29 -2,271.68 NR 0.36
20033AW51 Comenity Capital Bank 05/15/2024 248,000.00 05/15/2019 248,000.00 99.09 245,750.64 0.25% NR/NR 0.37
2.750% 2.75% 248,000.00 5.21% 317.64 -2,249.36 NR 0.37
61690UHB9 Morgan Stanley Bank 06/06/2024 248,000.00 06/07/2019 247,422.16 98.94 245,363.76 0.25% NR/NR 0.43
2.700% 2.75% 247,950.00 5.21% 476.98 -2,586.24 NR 0.43
949763L95 Wells Fargo Bank NA 10/17/2024 248,000.00 10/18/2019 247,409.76 97.59 242,025.68 0.25% NR/NR 0.80
2.050% 2.10% 247,905.94 5.16% 208.93 -5,880.26 NR 0.79
990,831.92 978,868.40 0.99% 0.49
Total Certificates of Deposit 992,000.00 2.57% 991,855.94 5.21% 1,957.84 -12,987.54 0.49 Corporate Bonds
892331AL3 Toyota Motor 03/25/2024 1,000,000.00 03/25/2021 1,000,000.00 98.91 989,070.00 1.00% A1/A+ 0.23
0.681% 02/25/2024 0.68% 1,000,000.00 5.35% 1,816.00 -10,930.00 A+ 0.22 637639AB1 National Securities Clearing 04/23/2025 2,000,000.00 10/06/2022 1,847,300.00 95.84 1,916,860.00 1.91% Aaa/AA+ 1.31
1.500% 4.72% 1,921,401.96 4.81% 5,666.67 -4,541.96 NR 1.26 2,847,300.00 2,905,930.00 2.91% 0.94
Total Corporate Bonds 3,000,000.00 3.33% 2,921,401.96 4.99% 7,482.67 -15,471.96 0.90 LAIF
9819716 LAIF 01/01/2024 100,842.48 10/13/2023 100,842.48 1.00 100,842.48 0.10% NR/NR 0.00
3.930% 3.93% 100,842.48 3.93% 0.00 0.00 NR 0.00
100,842.48 100,842.48 0.10% 0.00
Total LAIF 100,842.48 3.93% 100,842.48 3.93% 0.00 0.00 0.00 Money Market Funds
FUZXX Allspring Money Market Fund 01/01/2024 19,612,340.37 19,612,340.37 100.00 19,612,340.37 19.53% Aaa/AAA 0.00
5.238% 5.24% 19,612,340.37 5.24% 39,238.69 0.00 NR 0.00 19,612,340.37 19,612,340.37 19.53% 0.00
Total Money Market Funds 19,612,340.37 5.24% 19,612,340.37 5.24% 39,238.69 0.00 0.00 U.S. Agencies
Run Date: 1/9/2024 - 10:52 AM
Amortizing
16 Holdings Report
City of Redondo Beach December 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
U.S. Agencies
3133EKNX0 FFCB 06/03/2024 1,500,000.00 06/05/2019 1,511,640.00 98.75 1,481,250.00 1.49% Aaa/AA+ 0.42
2.160% 2.00% 1,500,984.03 5.14% 2,520.00 -19,734.03 AAA 0.41 3133EKWV4 FFCB 07/26/2024 1,000,000.00 08/07/2019 1,010,120.00 98.21 982,060.00 1.00% Aaa/AA+ 0.57
1.850% 1.64% 1,001,159.64 5.08% 7,965.28 -19,099.64 AAA 0.54 3133EKA63 FFCB 08/16/2024 2,000,000.00 08/16/2019 1,995,911.08 97.91 1,958,200.00 1.99% Aaa/AA+ 0.63
1.600% 1.64% 1,999,488.89 5.04% 12,000.00 -41,288.89 AAA 0.60 3130AQZ48 FHLB 08/28/2024 5,000,000.00 08/08/2022 4,872,185.00 98.02 4,900,800.00 4.94% Aaa/AA+ 0.66
2.000% 01/28/2024 3.30% 4,959,064.66 5.10% 34,166.67 -58,264.66 AAA 0.63 3135G0W66 FNMA 10/15/2024 2,000,000.00 02/06/2020 2,013,560.00 97.45 1,949,040.00 1.99% Aaa/AA+ 0.79
1.625% 1.47% 2,002,280.07 4.96% 6,861.11 -53,240.07 AAA 0.76 3130A3GE8 FHLB 12/13/2024 2,000,000.00 01/30/2020 2,113,320.00 98.09 1,961,820.00 2.01% Aaa/AA+ 0.95
2.750% 1.54% 2,022,172.71 4.83% 2,750.00 -60,352.71 AAA 0.92 3135G0X24 FNMA 01/07/2025 3,000,000.00 01/27/2020 3,003,150.00 96.90 2,907,030.00 2.99% Aaa/AA+ 1.02
1.625% 1.60% 3,000,647.70 4.78% 23,562.50 -93,617.70 AAA 0.98 3134GW6C5 FHLMC 10/28/2026 5,000,000.00 02/10/2023 4,401,050.00 90.67 4,533,350.00 4.53% Aaa/AA+ 2.83
0.800% 01/28/2024 4.32% 4,544,744.28 4.35% 7,000.00 -11,394.28 AAA 2.72 3130AQEC3 FHLB 12/30/2026 2,000,000.00 12/30/2021 2,000,000.00 91.70 1,833,940.00 1.99% Aaa/AA+ 3.00
1.370% 03/30/2024 1.37% 2,000,000.00 4.35% 76.11 -166,060.00 AAA 2.86 3130AQLX9 FHLB 01/27/2027 10,000,000.00 01/27/2022 10,000,000.00 94.57 9,456,500.00 9.96% Aaa/AA+ 3.08
1.250% 01/27/2024 1.25% 10,000,000.00 3.12% 53,472.22 -543,500.00 AAA 2.58 3134GXTS3 FHLMC 05/25/2027 5,000,000.00 05/25/2022 5,000,000.00 98.17 4,908,350.00 4.98% Aaa/AA+ 3.40
3.500% 05/25/2024 3.50% 5,000,000.00 4.08% 17,500.00 -91,650.00 AAA 1.52 3134GXR48 FHLMC 08/25/2027 5,000,000.00 08/25/2022 5,000,000.00 98.52 4,925,850.00 4.98% Aaa/AA+ 3.65
3.950% 08/25/2024 3.95% 5,000,000.00 4.39% 69,125.00 -74,150.00 AAA 1.48 3133EPAV7 FFCB 02/14/2028 5,000,000.00 02/14/2023 4,984,750.00 99.43 4,971,300.00 4.97% Aaa/AA+ 4.13
3.875% 3.94% 4,987,435.69 4.03% 73,732.64 -16,135.69 AAA 3.69 47,905,686.08 46,769,490.00 47.81% 2.45
Total U.S. Agencies 48,500,000.00 2.64% 48,017,977.66 4.25% 310,731.53 -1,248,487.67 1.86 U.S. Treasuries
912828YV6 U.S. Treasury 11/30/2024 2,000,000.00 08/09/2021 2,069,609.38 96.99 1,939,840.00 2.01% Aaa/AA+ 0.92
1.500% 0.44% 2,019,287.96 4.90% 2,622.95 -79,447.96 AAA 0.89 91282CEY3 U.S. Treasury 07/15/2025 5,000,000.00 05/30/2023 4,872,070.30 97.82 4,890,800.00 4.89% Aaa/AA+ 1.54
3.000% 4.27% 4,907,469.12 4.48% 69,293.48 -16,669.12 AAA 1.45 91282CAB7 U.S. Treasury 07/31/2025 2,000,000.00 08/09/2021 1,974,609.38 93.65 1,873,040.00 1.98% Aaa/AA+ 1.58
0.250% 0.57% 1,989,892.71 4.44% 2,092.39 -116,852.71 AAA 1.54 Run Date: 1/9/2024 - 10:52 AM
Amortizing
17 Holdings Report
City of Redondo Beach December 31, 2023
Call Date
Maturity Date
Par Value
Settle Date
Book Value
Original Value
Mkt YTM
Mkt Price
Gain/Loss
% of Port
Fitch
Moody/S&P
Eff. Dur.
WAM
Accrued Int.
Market Value
CUSIP Coupon Rate
Issuer
Book Yield
Remaining
U.S. Treasuries
91282CAJ0 U.S. Treasury 08/31/2025 2,000,000.00 06/28/2021 1,958,437.50 93.36 1,867,120.00 1.97% Aaa/AA+ 1.67
0.250% 0.76% 1,983,402.25 4.43% 1,689.56 -116,282.25 AAA 1.62 91282CFK2 U.S. Treasury 09/15/2025 5,000,000.00 02/10/2023 4,908,007.80 98.53 4,926,350.00 4.92% Aaa/AA+ 1.71
3.500% 4.26% 4,939,448.17 4.40% 51,923.08 -13,098.17 AAA 1.61 91282CAT8 U.S. Treasury 10/31/2025 2,000,000.00 02/03/2021 1,985,156.26 92.89 1,857,740.00 1.99% Aaa/AA+ 1.84
0.250% 0.41% 1,994,254.59 4.33% 851.65 -136,514.59 AAA 1.78 91282CAT8 U.S. Treasury 10/31/2025 2,000,000.00 02/17/2021 1,976,953.14 92.89 1,857,740.00 1.98% Aaa/AA+ 1.84
0.250% 0.50% 1,991,006.75 4.33% 851.65 -133,266.75 AAA 1.78 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 02/23/2021 991,250.00 92.86 928,630.00 0.99% Aaa/AA+ 1.92
0.375% 0.56% 996,481.91 4.30% 327.87 -67,851.91 AAA 1.86 91282CAZ4 U.S. Treasury 11/30/2025 2,000,000.00 06/28/2021 1,962,734.38 92.86 1,857,260.00 1.98% Aaa/AA+ 1.92
0.375% 0.80% 1,983,857.71 4.30% 655.74 -126,597.71 AAA 1.86 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 06/28/2021 993,437.50 92.31 923,090.00 0.99% Aaa/AA+ 2.42
0.750% 0.89% 996,780.80 4.13% 655.74 -73,690.80 AAA 2.33 91282CCP4 U.S. Treasury 07/31/2026 2,000,000.00 08/09/2021 1,990,625.00 91.60 1,831,960.00 1.99% Aaa/AA+ 2.58
0.625% 0.72% 1,995,134.49 4.08% 5,230.98 -163,174.49 AAA 2.49 91282CCW9 U.S. Treasury 08/31/2026 3,000,000.00 09/27/2021 2,978,085.93 91.68 2,750,400.00 2.98% Aaa/AA+ 2.67
0.750% 0.90% 2,988,135.47 4.08% 7,603.02 -237,735.47 AAA 2.57 28,660,976.57 27,503,970.00 28.66% 1.84
Total U.S. Treasuries 29,000,000.00 1.89% 28,785,151.95 4.37% 143,798.11 -1,281,181.93 1.76 100,117,977.42 97,871,441.25 100.00% 1.73
TOTAL PORTFOLIO 101,205,182.85 2.96% 100,429,570.36 4.51% 503,208.84 -2,558,129.10 1.42 TOTAL MARKET VALUE PLUS ACCRUED INTEREST 98,374,650.09
Run Date: 1/9/2024 - 10:52 AM
Amortizing
18 Maturity Report
City of Redondo Beach December 31, 2023
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
Issuer YTM
Days to
Maturity
Book
FUZXX Allspring Money Market Fund 19,612,340.37 5.238% 01/01/2024 19,612,340.37 1 19,612,340.37 5.24% 1 9819716 LAIF 01/12/2023 100,842.48 3.930% 01/01/2024 100,842.48 1 100,842.48 3.93% 1 892331AL3 Toyota Motor 03/25/2021 1,000,000.00 0.681% 03/25/2024 1,000,000.00 1,011 989,070.00 0.68% 85 61760AZZ5 Morgan Stanley Private Bank 05/09/2019 248,000.00 2.650% 05/09/2024 248,000.00 1,697 245,728.32 2.65% 130 20033AW51 Comenity Capital Bank 05/15/2019 248,000.00 2.750% 05/15/2024 248,000.00 1,691 245,750.64 2.75% 136 3133EKNX0 FFCB 06/05/2019 1,500,984.03 2.160% 06/03/2024 1,500,000.00 1,670 1,481,250.00 2.00% 155 61690UHB9 Morgan Stanley Bank 06/07/2019 247,950.00 2.700% 06/06/2024 248,000.00 1,668 245,363.76 2.75% 158 3133EKWV4 FFCB 08/07/2019 1,001,159.64 1.850% 07/26/2024 1,000,000.00 1,607 982,060.00 1.64% 208 3133EKA63 FFCB 08/16/2019 1,999,488.89 1.600% 08/16/2024 2,000,000.00 1,598 1,958,200.00 1.64% 229 3130AQZ48 FHLB 08/08/2022 4,959,064.66 2.000% 08/28/2024 5,000,000.00 510 4,900,800.00 3.30% 241 3135G0W66 FNMA 02/06/2020 2,002,280.07 1.625% 10/15/2024 2,000,000.00 1,424 1,949,040.00 1.47% 289 949763L95 Wells Fargo Bank NA 10/18/2019 247,905.94 2.050% 10/17/2024 248,000.00 1,535 242,025.68 2.10% 291 912828YV6 U.S. Treasury 08/09/2021 2,019,287.96 1.500% 11/30/2024 2,000,000.00 874 1,939,840.00 0.44% 335 3130A3GE8 FHLB 01/30/2020 2,022,172.71 2.750% 12/13/2024 2,000,000.00 1,431 1,961,820.00 1.54% 348 3135G0X24 FNMA 01/27/2020 3,000,647.70 1.625% 01/07/2025 3,000,000.00 1,434 2,907,030.00 1.60% 373 637639AB1 National Securities Clearing 10/06/2022 1,921,401.96 1.500% 04/23/2025 2,000,000.00 451 1,916,860.00 4.72% 479 91282CEY3 U.S. Treasury 05/30/2023 4,907,469.12 3.000% 07/15/2025 5,000,000.00 215 4,890,800.00 4.27% 562 91282CAB7 U.S. Treasury 08/09/2021 1,989,892.71 0.250% 07/31/2025 2,000,000.00 874 1,873,040.00 0.57% 578 91282CAJ0 U.S. Treasury 06/28/2021 1,983,402.25 0.250% 08/31/2025 2,000,000.00 916 1,867,120.00 0.76% 609 91282CFK2 U.S. Treasury 02/10/2023 4,939,448.17 3.500% 09/15/2025 5,000,000.00 324 4,926,350.00 4.26% 624 91282CAT8 U.S. Treasury 02/03/2021 1,994,254.59 0.250% 10/31/2025 2,000,000.00 1,061 1,857,740.00 0.41% 670 91282CAT8 U.S. Treasury 02/03/2021 1,991,006.75 0.250% 10/31/2025 2,000,000.00 1,061 1,857,740.00 0.50% 670 91282CAZ4 U.S. Treasury 02/23/2021 996,481.91 0.375% 11/30/2025 1,000,000.00 1,041 928,630.00 0.56% 700 91282CAZ4 U.S. Treasury 02/23/2021 1,983,857.71 0.375% 11/30/2025 2,000,000.00 1,041 1,857,260.00 0.80% 700 91282CCF6 U.S. Treasury 06/28/2021 996,780.80 0.750% 05/31/2026 1,000,000.00 916 923,090.00 0.89% 882 91282CCP4 U.S. Treasury 08/09/2021 1,995,134.49 0.625% 07/31/2026 2,000,000.00 874 1,831,960.00 0.72% 943 91282CCW9 U.S. Treasury 09/27/2021 2,988,135.47 0.750% 08/31/2026 3,000,000.00 825 2,750,400.00 0.90% 974 3134GW6C5 FHLMC 02/10/2023 4,544,744.28 0.800% 10/28/2026 5,000,000.00 324 4,533,350.00 4.32% 1,032 3130AQEC3 FHLB 12/30/2021 2,000,000.00 1.370% 12/30/2026 2,000,000.00 731 1,833,940.00 1.37% 1,095 3130AQLX9 FHLB 01/27/2022 10,000,000.00 1.250% 01/27/2027 10,000,000.00 703 9,456,500.00 1.25% 1,123 3134GXTS3 FHLMC 05/25/2022 5,000,000.00 3.500% 05/25/2027 5,000,000.00 585 4,908,350.00 3.50% 1,241 3134GXR48 FHLMC 08/25/2022 5,000,000.00 3.950% 08/25/2027 5,000,000.00 493 4,925,850.00 3.95% 1,333 3133EPAV7 FFCB 02/14/2023 4,987,435.69 3.875% 02/14/2028 5,000,000.00 320 4,971,300.00 3.94% 1,506 Net Maturities and Averages 100,429,570.36 101,205,182.85 97,871,441.25 2.96% 632 Run Date: 1/9/2024 - 10:52 AM
Amortizing
19 Summary by Issuer
City of Redondo Beach December 31, 2023
Issuer Investments
Number of Par
Value
Book
Value
% of
Portfolio YTM Maturity
Book Days to
U.S. Treasury 12 29,000,000.00 28,785,151.95 28.66 1.89 671 Allspring Money Market Fund 1 19,612,340.37 19,612,340.37 19.53 5.24 1 FHLB 4 19,000,000.00 18,981,237.37 18.90 1.83 807
FHLMC 3 15,000,000.00 14,544,744.28 14.48 3.91 1,207
FFCB 4 9,500,000.00 9,489,068.25 9.45 2.91 886
FNMA 2 5,000,000.00 5,002,927.77 4.98 1.55 339
National Securities Clearing 1 2,000,000.00 1,921,401.96 1.91 4.72 479 Toyota 1 1,000,000.00 1,000,000.00 1.00 0.68 85
Morgan Stanley Private Bank 1 248,000.00 248,000.00 0.25 2.65 130 Comenity Capital Bank 1 248,000.00 248,000.00 0.25 2.75 136 Morgan Stanley Bank 1 248,000.00 247,950.00 0.25 2.75 158 Wells Fargo 1 248,000.00 247,905.94 0.25 2.10 291
LAIF 1 100,842.48 100,842.48 0.10 3.93 1
Total and Average 33 101,205,182.85 100,429,570.36 100.00% 2.96 632 Run Date: 1/9/2024 - 10:52 AM
Amortizing
20 Income Earned Summary
City of Redondo Beach December 31, 2023
December 31 Month End Fiscal Year To Date
Interest
Interest Received/Purchased
Plus Accrued Interest at End of Period
Less Accrued Interest at Beginning of Period
Interest Earned During Period
Total Adjustments for Amortization/Accretion
Total Capital Gains or Losses
Total Earnings During Period
104,153.72 1,185,289.73
503,208.84 503,208.84
-447,270.71 -634,660.15
160,091.85 1,053,838.42
31,870.91 206,514.33
0.00 0.00
191,962.76 1,260,352.75
Run Date: 1/9/2024 - 10:52 AM
Amortizing
21 Income Earned
City of Redondo Beach December 01, 2023 - December 31, 2023 CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest Amortization/
Accretion Earned
Net Income
Certificates of Deposit
61760AZZ5 Morgan Stanley Private Bank 05/09/2024 248,000.00 248,000.00 248,000.00 396.12 0.00 954.29 558.17 0.00 558.17 20033AW51 Comenity Capital Bank 05/15/2024 248,000.00 248,000.00 248,000.00 298.96 560.55 317.64 579.23 0.00 579.23 61690UHB9 Morgan Stanley Bank 06/06/2024 248,000.00 247,940.19 247,950.00 3,265.45 3,357.17 476.98 568.70 9.81 578.51 949763L95 Wells Fargo Bank NA 10/17/2024 248,000.00 247,895.92 247,905.94 195.00 417.86 208.93 431.79 10.02 441.81 Certificates of Deposit - Sub Total 992,000.00 991,836.11 991,855.94 4,155.53 4,335.58 1,957.84 2,137.89 19.83 2,157.72 Corporate Bonds
892331AL3 Toyota Motor 03/25/2024 1,000,000.00 1,000,000.00 1,000,000.00 1,248.50 0.00 1,816.00 567.50 0.00 567.50 637639AB1 National Securities Clearing 04/23/2025 2,000,000.00 1,916,239.80 1,921,401.96 3,166.67 0.00 5,666.67 2,500.00 5,162.16 7,662.16 Corporate Bonds - Sub Total 3,000,000.00 2,916,239.80 2,921,401.96 4,415.17 0.00 7,482.67 3,067.50 5,162.16 8,229.66 LAIF
9819716 LAIF 01/01/2024 100,842.48 100,842.48 100,842.48 0.00 0.00 0.00 0.00 0.00 0.00 LAIF - Sub Total 100,842.48 100,842.48 100,842.48 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds
FIGXX Fidelity Govt MMF 01/01/2024 19,612,340.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 FUZXX Allspring Money Market Fund 01/01/2024 19,612,340.37 4,999,949.14 19,612,340.37 27,368.14 27,368.14 39,238.69 39,238.69 0.00 39,238.69 Money Market Funds - Sub Total 39,224,680.74 4,999,949.14 19,612,340.37 27,368.14 27,368.14 39,238.69 39,238.69 0.00 39,238.69 U.S. Agencies
3133EJ3Q0 FFCB 12/21/2023 0.00 2,000,174.11 0.00 25,555.56 28,750.00 0.00 3,194.44 -174.11 3,020.33 3133EKNX0 FFCB 06/03/2024 1,500,000.00 1,501,184.72 1,500,984.03 16,020.00 16,200.00 2,520.00 2,700.00 -200.69 2,499.31 3133EKWV4 FFCB 07/26/2024 1,000,000.00 1,001,335.00 1,001,159.64 6,423.61 0.00 7,965.28 1,541.67 -175.36 1,366.31 3133EKA63 FFCB 08/16/2024 2,000,000.00 1,999,418.46 1,999,488.89 9,333.33 0.00 12,000.00 2,666.67 70.42 2,737.09 3130AQZ48 FHLB 08/28/2024 5,000,000.00 4,953,710.24 4,959,064.66 25,833.33 0.00 34,166.67 8,333.34 5,354.41 13,687.75 3135G0W66 FNMA 10/15/2024 2,000,000.00 2,002,528.95 2,002,280.07 4,152.78 0.00 6,861.11 2,708.33 -248.88 2,459.45 3130A3GE8 FHLB 12/13/2024 2,000,000.00 2,024,112.01 2,022,172.71 25,666.67 27,500.00 2,750.00 4,583.33 -1,939.30 2,644.03 3135G0X24 FNMA 01/07/2025 3,000,000.00 3,000,702.56 3,000,647.70 19,500.00 0.00 23,562.50 4,062.50 -54.86 4,007.64 3134GW6C5 FHLMC 10/28/2026 5,000,000.00 4,530,867.26 4,544,744.28 3,666.67 0.00 7,000.00 3,333.33 13,877.02 17,210.35 3130AQEC3 FHLB 12/30/2026 2,000,000.00 2,000,000.00 2,000,000.00 11,492.78 0.00 76.11 -11,416.67 0.00 -11,416.67 3130AQLX9 FHLB 01/27/2027 10,000,000.00 10,000,000.00 10,000,000.00 43,055.56 0.00 53,472.22 10,416.66 0.00 10,416.66 3134GXTS3 FHLMC 05/25/2027 5,000,000.00 5,000,000.00 5,000,000.00 2,916.67 0.00 17,500.00 14,583.33 0.00 14,583.33 Run Date: 1/9/2024 - 10:53 AM
Amortizing
22 Income Earned
City of Redondo Beach December 01, 2023 - December 31, 2023 CUSIP Value
Ending Par
Date
Maturity
Book Value
Beginning
Value
Ending Book
Accrued
Beginning
/Purchased
Int.Received
Accrued
Ending
Issuer Earned
Interest Amortization/
Accretion Earned
Net Income
U.S. Agencies
3134GXR48 FHLMC 08/25/2027 5,000,000.00 5,000,000.00 5,000,000.00 52,666.67 0.00 69,125.00 16,458.33 0.00 16,458.33 3133EPAV7 FFCB 02/14/2028 5,000,000.00 4,987,173.06 4,987,435.69 57,586.81 0.00 73,732.64 16,145.83 262.64 16,408.47 U.S. Agencies - Sub Total 48,500,000.00 50,001,206.37 48,017,977.66 303,870.44 72,450.00 310,731.53 79,311.09 16,771.29 96,082.38 U.S. Treasuries
912828YV6 U.S. Treasury 11/30/2024 2,000,000.00 2,021,072.81 2,019,287.96 81.97 0.00 2,622.95 2,540.98 -1,784.86 756.12 91282CEY3 U.S. Treasury 07/15/2025 5,000,000.00 4,902,365.11 4,907,469.12 56,657.61 0.00 69,293.48 12,635.87 5,104.02 17,739.89 91282CAB7 U.S. Treasury 07/31/2025 2,000,000.00 1,989,350.63 1,989,892.71 1,671.20 0.00 2,092.39 421.19 542.09 963.28 91282CAJ0 U.S. Treasury 08/31/2025 2,000,000.00 1,982,557.38 1,983,402.25 1,263.74 0.00 1,689.56 425.82 844.88 1,270.70 91282CFK2 U.S. Treasury 09/15/2025 5,000,000.00 4,936,439.99 4,939,448.17 37,019.23 0.00 51,923.08 14,903.85 3,008.18 17,912.03 91282CAT8 U.S. Treasury 10/31/2025 4,000,000.00 3,984,579.41 3,985,261.34 851.65 0.00 1,703.30 851.65 681.94 1,533.59 91282CAZ4 U.S. Treasury 11/30/2025 3,000,000.00 2,979,468.95 2,980,339.62 30.74 0.00 983.61 952.87 870.67 1,823.54 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 996,667.65 996,780.80 20.49 0.00 655.74 635.25 113.15 748.40 91282CCP4 U.S. Treasury 07/31/2026 2,000,000.00 1,994,974.55 1,995,134.49 4,177.99 0.00 5,230.98 1,052.99 159.95 1,212.94 91282CCW9 U.S. Treasury 08/31/2026 3,000,000.00 2,987,757.85 2,988,135.47 5,686.81 0.00 7,603.02 1,916.21 377.62 2,293.83 U.S. Treasuries - Sub Total 29,000,000.00 28,775,234.31 28,785,151.95 107,461.43 0.00 143,798.11 36,336.68 9,917.63 46,254.31 Grand Total 120,817,523.22 87,785,308.22 100,429,570.36 447,270.71 104,153.72 503,208.84 160,091.85 31,870.91 191,962.76 Run Date: 1/9/2024 - 10:53 AM
Amortizing
23 Realized Gains and Losses
City of Redondo Beach December 01, 2023 - December 31, 2023 CUSIP Par Value Sale Date Days Held Maturity/Sales Realized Issuer Purchase Date Coupon Rate Maturity Date Term Book Value Proceeds Gain/Loss U.S. Agencies
3133EJ3Q0 01/31/2019 2,000,000.00 12/21/2023 1,785 2,000,000.00 2,000,000.00 0.00 FFCB 2.875% 12/21/2023 1,785
Total U.S. Agencies 2,000,000.00 2,000,000.00 0.00
Grand Total 2,000,000.00 2,000,000.00 0.00
Run Date: 1/9/2024 - 10:53 AM
Amortizing
24 Transaction Report
City of Redondo Beach December 01, 2023 - December 31, 2023 Transaction Transaction Security Security Maturity
Date Type ID Description Date Purchases Redemptions Interest Deposits Withdrawals 12/04/2023 Interest FUZXX First American Tsy MMF - - 27,368.14 - - 12/04/2023 Interest 3133EKNX0 FFCB 2.16 06/03/24 06/03/2024 - - 16,200.00 - - 12/06/2023 Interest 61690UHB9 MS 2.7 06/06/24 06/06/2024 - - 3,357.17 - - 12/12/2023 Withdrawal FIGXX FIGXX - - - - -4,800,000.00 12/13/2023 Interest 3130A3GE8 FHLB 2 3/4 12/13/24 12/13/2024 - - 27,500.00 - - 12/15/2023 Interest 20033AW51 ADS 2 3/4 05/15/24 05/15/2024 - - 560.55 - - 12/18/2023 Interest 949763L95 WFC 2.05 10/17/24 10/17/2024 - - 417.86 - - 12/21/2023 Interest 3133EJ3Q0 FFCB 2 7/8 12/21/23 12/21/2023 - - 28,750.00 - - 12/21/2023 Maturity 3133EJ3Q0 FFCB 2 7/8 12/21/23 12/21/2023 - 2,000,000.00 - - - 12/21/2023 Deposit FUZXX FUZXX - - - 17,308,237.51 -
Grand Total: 0.00 2,000,000.00 104,153.72 17,308,237.51 -4,800,000.00 Run Date: 1/9/2024 - 10:53 AM
Amortizing
25 Bank of America & LAIF Accounts
Account
General Fund 001
General Fund 002
Parking Authority Fund 003
Housing Authority Fund 004
Redevelopment Agency Fund 005
Public Finance Authority Fund 006
Workmens-Comp Fund 007
Measure-R-Local-Return Fund 008
City of Redondo Beach-FSA Fund 009
Trust Account Fund 011
TOTAL 26,128,930.78
City of Redondo Beach 12/31/2023
Bank of America Accounts & LAIF Accounts
Total
13,256,219.46
7,614.40
LAIF
-
5,336.22
-
6,331.60
2,321,074.24
2,346,875.46
4,685,992.20
1,554,240.93
1,720,681.79
129,058.22
7,614.40
4,502,172.55
100,842.48 100,842.48
1,554,240.93
1,720,681.79
129,058.22
1,926,444.57
183,819.65
Checking
13,256,219.46
995.38
2,321,074.24
420,430.89
26 Credit Ratings Information
Sector Parameters
0.0%
Corporate Bonds
Commercial Paper
Bankers Acceptances Sector limit 40%, issuer limit 5%, maximum maturity 180 days, A-1/P-1 by two. Yes 25% limit, 5% per issuer, maximum maturity 270 days, A-1 (S&P)/P-1 (Moody's), issued by a domestic corporation w/ at least $500 million of assets and A- (S&P)/A3 (Moody's) long term debt.
0.0%
City of Redondo Beach 12/31/2023
In Compliance
Sector limit 30%, issuer limit 5%, max maturity 5 years, rated A (S&P/Fitch)/A2 (Moody's) by one, issued by domestic corporation/depositories.
Yes/No Percent
Yes
Yes
2.9%
27 Disclosure
Discolure
Custom Benchmark: 30 Month Moving Average of the ICE BofA 0-5Yr Treasury Index Meeder Public Funds, Inc., is a registered investment adviser with the Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940. Registration with the SEC does not imply a certain level of skill or training. The opinions expressed in this presentation are those of Meeder Public Funds, Inc. The material presented has been derived from sources considered to be reliable, but the accuracy and completeness cannot be guaranteed.
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Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by the investment adviser. This information is provided as a client convenience and the investment adviser assumes no responsibility for performance of these accounts or the accuracy of the data reported.
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Run Date: 1/9/2024 - 10:53 AM
Amortizing
28