Monthly Investment Report
City of Redondo Beach
September 2024
10655 Park Run Drive, Suite 120 | Las Vegas, NV 89144 | Phone 702.575.6600 | www.meederpublicfunds.com Run Date: 10/3/2024 - 5:49 PM
Amortizing Page 2
Portfolio Summary
City of Redondo Beach 9/30/2024
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)
ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS 9/30/24 8/31/24 Issuer % Portfolio
Market Value $92,559,242 $97,825,383 U.S. Treasury 41.2% Book Value $93,391,237 $99,095,821 FHLB 15.0%
Variance -$831,995 -$1,270,438 FHLMC 10.3%
FFCB 7.5%
Par Value $94,362,632 $99,954,151 First American Tsy FUZXX 6.9% FNMA 5.4%
Net Asset Value $99.11 $98.72 Caterpillar 4.3%
UnitedHealth 2.7%
Book Yield 3.03% 3.27% Toyota 2.1%
National Securities Clearing 2.1%
Market Yield 3.94% 4.33% John Deere 2.1%
Wells Fargo 0.3%
Years to Maturity 1.45 1.35 LAIF 0.1%
Effective Duration 1.25 1.17
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
Jul-24
Aug-24
Sep-24
2.00%
2.25%
2.50%
2.75%
3.00%
3.25%
3.50%
0.1%
0.3%
6.9%
13.3%
38.2%
41.2%
LAIF
CD
MMF
CORP
AGY
TSY
0% 25% 50% 75% 100%
42.1%
22.9%
29.7%
5.3%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y+
0%
10%
20%
30%
40%
50%
60%
70%
0.4%
7.0%
4.2%
80.1%
8.3%
NR
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
0% 25% 50% 75% 100%
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Investment Policy Compliance
City of Redondo Beach 9/30/2024
Category Book Value % of Portfolio % Allowed by Policy In Compliance Reserved row US Treasuries 38,496,825.30 41.22% 100% Yes
US Federal Agencies 35,668,724.46 38.19% 100% Yes
Supranational Obligations 0.00 0.00% 15% Yes
LAIF 104,102.92 0.11% 65,000,000 Yes
Commercial Paper 0.00 0.00% 25% Yes
Money Market Funds 6,410,528.77 6.86% 20% Yes
Negotiable Certificates of Deposit 247,994.50 0.27% 30% Yes Corporate Obligations 12,463,061.15 13.35% 30% Yes
Total 93,391,237.11 100.00%
Other Metrics Portfolio Metric In Compliance
Weighted Average Maturity 1.45 Less than 2.5 Years Yes
Liquidity 42.14% 25% Under 365 Days Yes
Ratings Yes
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Historical Book Values
City of Redondo Beach 9/30/2024
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
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 $111.2 $102.4 $99.4 $95.0 $91.0 $90.9 $100.6 $100.8 $101.5 $98.9 $101.1 $102.7 FY24 Fiscal Year 2025 $106.7 $99.1 $97.9 FY25
Average Daily BalanceJul-09
Dec-09
May-10
Oct-10
Mar-11
Aug-11
Jan-12
Jun-12
Nov-12
Apr-13
Sep-13Feb-14
Jul-14
Dec-14
May-15
Oct-15
Mar-16
Aug-16
Jan-17
Jun-17
Nov-17
Apr-18
Sep-18Feb-19
Jul-19
Dec-19
May-20
Oct-20
Mar-21
Aug-21
Jan-22
Jun-22
Nov-22
Apr-23
Sep-23Feb-24
Jul-24
$40
$50
$60
$70
$80
$90
$100
$110
$120
Millions
4 Run Date: 10/3/2024 - 5:49 PM
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Historical Book Values Per Fiscal Year
City of Redondo Beach 9/30/2024
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
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 $111.2 $102.4 $99.4 $95.0 $91.0 $90.9 $100.6 $100.8 $101.5 $98.9 $101.1 $102.7 FY24 Fiscal Year 2025 $106.7 $99.1 $97.9 FY25
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 2021 Fiscal Year 2022 Fiscal Year 2023 Fiscal Year 2024 Fiscal Year 2025 5 Run Date: 10/3/2024 - 5:49 PM
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Historical Weighted Average Maturity
City of Redondo Beach 9/30/2024 Don
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
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 1.71 1.65 1.54 1.56 1.51 1.39 Fiscal Year 2025 1.38 1.35 1.45 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
Mar-24
Jul-24
0.00 0.50
1.00 1.50
2.00 2.50
3.00 3.50
Average Years To Maturity
6 Run Date: 10/3/2024 - 5:49 PM
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Next Twelve Months Cash Flow
City of Redondo Beach 9/30/2024
Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Maturities $8.8 $2.0 $2.0 $3.0 $0.0 $0.0 $2.0 $0.0 $0.0 $10.0 $2.0 $10.0 1 Par Value in Millions; Assumes Securities Are Held To Maturity $8.8
$2.0 $2.0
$3.0
$0.0 $0.0
$2.0
$0.0 $0.0
$10.0
$2.0
$10.0
Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 $0
$5
$10
$15
$20
$25
$30
$35
$40
Millions
7 Run Date: 10/3/2024 - 5:49 PM
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Yield At Cost Per 6-Month Maturity Intervals
City of Redondo Beach 9/30/2024
Years Yield At Cost % of Portfolio
0 to .5 2.74% 16.89%
.5 to 1.0 3.71% 25.25%
1.0 to 1.5 1.62% 10.20%
1.5 to 2.0 2.51% 12.67%
2.0 to 2.5 2.95% 24.30%
2.5 to 3.0 4.00% 5.35%
3.0 to 3.5 3.94% 5.34%
3.5 to 4.0 0.00% 0.00%
4.0 to 4.5 0.00% 0.00%
4.5 to 5.0 0.00% 0.00%
5.0+ 0.00% 0.00%
Total 3.03% 100.0%
2.74%
3.71%
1.62%
2.51%
2.95%
4.00% 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: 10/3/2024 - 5:49 PM
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Historical Sector Allocation
City of Redondo Beach 9/30/2024
Sector Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 TSY 35.4% 32.8% 28.7% 28.6% 33.4% 32.7% 28.5% 33.4% 31.5% 35.0% 39.0% 41.2% AGY 54.0% 57.0% 47.8% 47.7% 47.5% 46.5% 47.6% 47.5% 43.4% 43.6% 34.0% 38.2% CORP 3.1% 3.3% 2.9% 5.4% 5.4% 4.3% 6.4% 6.4% 7.8% 8.0% 12.6% 13.3% MMF 6.3% 5.7% 19.5% 17.2% 12.5% 15.4% 16.3% 12.1% 17.0% 13.0% 14.1% 6.9% CD 1.1% 1.1% 1.0% 1.0% 1.0% 1.0% 1.0% 0.5% 0.2% 0.2% 0.3% 0.3% LAIF 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 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% Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
60%
TSY
AGY
CORP
MMF
CD
LAIF
9 Run Date: 10/3/2024 - 5:49 PM
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Issuer Allocation
City of Redondo Beach 9/30/2024
0.1%
0.3%
2.1%
2.1%
2.1%
2.7%
4.3%
5.4%
6.9%
7.5%
10.3%
15.0%
41.2%
LAIF
Wells Fargo
John Deere
National Securities Clearing
Toyota
UnitedHealth
Caterpillar
FNMA
First American Tsy FUZXX
FFCB
FHLMC
FHLB
U.S. Treasury
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
10 Run Date: 10/3/2024 - 5:49 PM
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Historical Earnings & Book Return Performance
City of Redondo Beach 9/30/2024
Fiscal YTD ($K) Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 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 $677.915 $875.773 $1,068.390 $1,261.363 $1,524.931 $1,766.046 $2,023.050 $2,266.041 $2,522.154 $2,773.041 FY 2025 $302.646 $564.084 $819.846
Fiscal YTD Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Book Return 3.34% 3.23% 3.21%
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 2023
FY 2024
FY 2025
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: 10/3/2024 - 5:49 PM
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Historical Yield At Cost vs Benchmark
City of Redondo Beach 9/30/2024
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
Feb-24
Jun-24
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5% Portfolio
Benchmark
Trailing 12 Months: Month End Yield At Cost vs Benchmark Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
Portfolio
Benchmark
Benchmark: Custom Benchmark (see disclosure)
12 Run Date: 10/3/2024 - 5:49 PM
Amortizing Page 13
Total Return Performance
City of Redondo Beach 9/30/2024
*Index: ICE BofA 0-5Yr Treasury Index
**Inception: July 2012
1 Month 3 Month FYTD 1 Year 3 Year 5 Year Inception
Portfolio 0.709% 2.283% 2.283% 6.899% 1.628% 1.738% 1.584% Benchmark 0.800% 2.989% 2.989% 7.039% 1.329% 1.524% 1.349% Variance -0.091% -0.706% -0.706% -0.139% 0.299% 0.215% 0.235% 1 Month 3 Month FYTD 1 Year 3 Year 5 Year Inception**
0.000%
1.000%
2.000%
3.000%
4.000%
5.000%
6.000%
7.000%
8.000%
Portfolio
Benchmark
13 Run Date: 10/3/2024 - 5:49 PM
Amortizing Page 14
Investment Activity
City of Redondo Beach 9/30/2024
Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Positions 35 34 33 34 35 34 34 33 32 32 31 32
Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Purchases 0 0 0 1 1 0 1 1 1 1 2 2
Redemptions 2 1 1 0 0 1 1 2 2 1 3 1
Total 2 1 1 1 1 1 2 3 3 2 5 3
Number of Positions at Month End
Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 20 30
40 50
60 Positions
Purchases and Redemptions* (Excluding MMF/LGIP)
Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 0 2
4 6
8 10
Number of Transactions
Purchases
Redemptions
*Redemptions include maturities, calls, and sells
14 Portfolio Summary
City of Redondo Beach September 30, 2024
Investments Par Value Book Value
% of
Portfolio Maturity YTM
Days to
Market Value
Book
Certificates of Deposit 248,000.00 247,692.48 247,994.50 0.27 17 2.10 Corporate Bonds 12,600,000.00 12,585,878.00 12,463,061.15 13.35 622 4.59 LAIF 104,102.92 104,102.92 104,102.92 0.11 1 4.58
Money Market Funds 6,410,528.77 6,410,528.77 6,410,528.77 6.86 1 4.76 U.S. Agencies 36,000,000.00 35,354,150.00 35,668,724.46 38.19 744 2.75 U.S. Treasuries 39,000,000.00 37,856,890.00 38,496,825.30 41.22 395 2.48 94,362,631.69 92,559,242.17 93,391,237.11 100.00 530 3.03 Investments
Total Earnings September 30 Month Ending Fiscal Year To Date Current Year 255,762.76 819,846.38
Average Daily Balance 97,861,811.93 101,204,491.01
Book Rate of Return 3.18% 3.21%
Run Date: 10/3/2024 - 5:50 PM
Amortizing
15 Holdings Report
City of Redondo Beach September 30, 2024
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
949763L95 Wells Fargo Bank NA 10/17/2024 248,000.00 10/18/2019 247,409.76 99.88 247,692.48 0.27% NR/NR 0.05
2.050% 2.10% 247,994.50 4.72% 195.00 -302.02 NR 0.05
247,409.76 247,692.48 0.27% 0.05
Total Certificates of Deposit 248,000.00 2.10% 247,994.50 4.72% 195.00 -302.02 0.05 Corporate Bonds
637639AB1 National Securities Clearing 04/23/2025 2,000,000.00 10/06/2022 1,847,300.00 98.29 1,965,740.00 2.11% Aaa/AA+ 0.56
1.500% 4.72% 1,966,196.18 4.61% 13,166.67 -456.18 NR 0.54 91324PCV2 UnitedHealth Group Inc 03/15/2026 2,600,000.00 01/31/2024 2,526,498.00 98.74 2,567,318.00 2.73% A2/A+ 1.45
3.100% 4.51% 2,549,557.45 4.00% 3,582.22 17,760.55 A 1.40 24422ETH2 John Deere 06/10/2026 2,000,000.00 06/12/2024 1,906,540.00 97.82 1,956,400.00 2.06% A1/A 1.69
2.650% 5.15% 1,920,598.05 3.99% 16,341.67 35,801.95 A+ 1.62 14913UAN0 Caterpillar 10/16/2026 4,000,000.00 08/28/2024 4,023,755.60 101.17 4,046,800.00 4.31% A2/A 2.04
4.450% 4.16% 4,022,765.78 3.85% 22,250.00 24,034.22 A+ 1.92 89236TLY9 Toyota Motor Credit 03/19/2027 2,000,000.00 04/05/2024 2,004,720.00 102.48 2,049,620.00 2.15% A1/A+ 2.47
5.000% 4.91% 2,003,943.68 3.94% 3,333.33 45,676.32 A+ 2.30 12,308,813.60 12,585,878.00 13.34% 1.70
Total Corporate Bonds 12,600,000.00 4.59% 12,463,061.15 4.03% 58,673.89 122,816.86 1.61 LAIF
9819716 LAIF 10/01/2024 104,102.92 07/15/2024 104,102.92 1.00 104,102.92 0.11% NR/NR 0.00
4.580% 4.58% 104,102.92 4.58% 0.00 0.00 NR 0.00
104,102.92 104,102.92 0.11% 0.00
Total LAIF 104,102.92 4.58% 104,102.92 4.58% 0.00 0.00 0.00 Money Market Funds
FUZXX First American Tsy FUZXX 10/01/2024 6,410,528.77 6,410,528.77 100.00 6,410,528.77 6.86% Aaa/AAA 0.00
4.756% 4.76% 6,410,528.77 4.76% 47,917.35 0.00 NR 0.00
6,410,528.77 6,410,528.77 6.86% 0.00
Total Money Market Funds 6,410,528.77 4.76% 6,410,528.77 4.76% 47,917.35 0.00 0.00 U.S. Agencies
Run Date: 10/3/2024 - 5:50 PM
Amortizing
16 Holdings Report
City of Redondo Beach September 30, 2024
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
3135G0W66 FNMA 10/15/2024 2,000,000.00 02/06/2020 2,013,560.00 99.87 1,997,400.00 2.14% Aaa/AA+ 0.04
1.625% 1.47% 2,000,120.43 4.72% 14,986.11 -2,720.43 AA+ 0.04 3130A3GE8 FHLB 12/13/2024 2,000,000.00 01/30/2020 2,113,320.00 99.62 1,992,400.00 2.15% Aaa/AA+ 0.20
2.750% 1.54% 2,004,718.97 4.60% 16,500.00 -12,318.97 AA+ 0.19 3135G0X24 FNMA 01/07/2025 3,000,000.00 01/27/2020 3,003,150.00 99.19 2,975,790.00 3.21% Aaa/AA+ 0.27
1.625% 1.60% 3,000,171.66 4.64% 11,375.00 -24,381.66 AA+ 0.26 3133ERRW3 FFCB 09/03/2026 2,000,000.00 09/11/2024 2,009,080.00 100.24 2,004,720.00 2.15% Aaa/AA+ 1.93
3.875% 3.63% 2,008,837.70 3.75% 6,027.78 -4,117.70 AA+ 1.83 3134GW6C5 FHLMC 10/28/2026 5,000,000.00 02/10/2023 4,401,050.00 94.17 4,708,700.00 5.00% Aaa/AA+ 2.08
0.800% 10/28/2024 4.32% 4,665,160.99 3.74% 17,000.00 43,539.01 AA+ 2.01 3130AQEC3 FHLB 12/30/2026 2,000,000.00 12/30/2021 2,000,000.00 94.81 1,896,240.00 2.14% Aaa/AA+ 2.25
1.370% 12/30/2024 1.37% 2,000,000.00 3.80% 6,926.11 -103,760.00 AA+ 2.16 3130AQLX9 FHLB 01/27/2027 10,000,000.00 01/27/2022 10,000,000.00 97.47 9,746,500.00 10.71% Aaa/AA+ 2.33
1.750% 01/27/2025 1.75% 10,000,000.00 2.88% 31,111.11 -253,500.00 AA+ 1.85 3134GXTS3 FHLMC 05/25/2027 5,000,000.00 05/25/2022 5,000,000.00 99.88 4,993,950.00 5.35% Aaa/AA+ 2.65
4.000% 11/25/2024 4.00% 5,000,000.00 4.05% 70,000.00 -6,050.00 AA+ 0.68 3133EPAV7 FFCB 02/14/2028 5,000,000.00 02/14/2023 4,984,750.00 100.77 5,038,450.00 5.34% Aaa/AA+ 3.38
3.875% 3.94% 4,989,714.72 3.63% 25,295.14 48,735.28 AA+ 3.11 35,524,910.00 35,354,150.00 38.19% 2.04
Total U.S. Agencies 36,000,000.00 2.75% 35,668,724.46 3.71% 199,221.25 -314,574.47 1.57 U.S. Treasuries
912828YV6 U.S. Treasury 11/30/2024 2,000,000.00 08/09/2021 2,069,609.38 99.46 1,989,160.00 2.15% Aaa/AA+ 0.17
1.500% 0.44% 2,003,512.14 4.75% 10,081.97 -14,352.14 AA+ 0.16 912797LW5 U.S. Treasury 07/10/2025 3,000,000.00 07/18/2024 2,862,391.38 96.95 2,908,470.00 3.10% P-1/A-1+ 0.78
0.000% 4.86% 2,890,538.59 4.06% 0.00 17,931.41 F1+ 0.78 91282CEY3 U.S. Treasury 07/15/2025 5,000,000.00 05/30/2023 4,872,070.30 99.19 4,959,300.00 5.30% Aaa/AA+ 0.79
3.000% 4.27% 4,952,582.04 4.05% 31,793.48 6,717.96 AA+ 0.76 91282CAB7 U.S. Treasury 07/31/2025 2,000,000.00 08/09/2021 1,974,609.38 96.90 1,938,020.00 2.14% Aaa/AA+ 0.83
0.250% 0.57% 1,994,684.06 4.07% 842.39 -56,664.06 AA+ 0.81 91282CAJ0 U.S. Treasury 08/31/2025 2,000,000.00 06/28/2021 1,958,437.50 96.61 1,932,260.00 2.13% Aaa/AA+ 0.92
0.250% 0.76% 1,990,869.88 4.05% 428.18 -58,609.88 AA+ 0.90 912797MH7 U.S. Treasury 09/04/2025 5,000,000.00 09/18/2024 4,813,482.50 96.38 4,819,100.00 5.16% P-1/A-1+ 0.93
0.000% 3.99% 4,819,951.32 4.04% 0.00 -851.32 F1+ 0.93
91282CFK2 U.S. Treasury 09/15/2025 5,000,000.00 02/10/2023 4,908,007.80 99.55 4,977,250.00 5.32% Aaa/AA+ 0.96
3.500% 4.26% 4,966,036.64 3.99% 7,734.81 11,213.36 AA+ 0.93 Run Date: 10/3/2024 - 5:50 PM
Amortizing
17 Holdings Report
City of Redondo Beach September 30, 2024
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
91282CAT8 U.S. Treasury 10/31/2025 2,000,000.00 02/03/2021 1,985,156.26 96.13 1,922,580.00 2.14% Aaa/AA+ 1.08
0.250% 0.41% 1,996,604.21 3.93% 2,092.39 -74,024.21 AA+ 1.06 91282CAT8 U.S. Treasury 10/31/2025 2,000,000.00 02/17/2021 1,976,953.14 96.13 1,922,580.00 2.14% Aaa/AA+ 1.08
0.250% 0.50% 1,994,684.59 3.93% 2,092.39 -72,104.59 AA+ 1.06 91282CAZ4 U.S. Treasury 11/30/2025 1,000,000.00 02/23/2021 991,250.00 96.05 960,510.00 1.07% Aaa/AA+ 1.17
0.375% 0.56% 997,858.99 3.87% 1,260.25 -37,348.99 AA+ 1.14 91282CAZ4 U.S. Treasury 11/30/2025 2,000,000.00 06/28/2021 1,962,734.38 96.05 1,921,020.00 2.13% Aaa/AA+ 1.17
0.375% 0.80% 1,990,176.27 3.87% 2,520.49 -69,156.27 AA+ 1.14 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 06/28/2021 993,437.50 95.25 952,460.00 1.07% Aaa/AA+ 1.67
0.750% 0.89% 997,780.87 3.72% 2,520.49 -45,320.87 AA+ 1.62 91282CCP4 U.S. Treasury 07/31/2026 2,000,000.00 08/09/2021 1,990,625.00 94.63 1,892,580.00 2.14% Aaa/AA+ 1.83
0.625% 0.72% 1,996,548.23 3.68% 2,105.98 -103,968.23 AA+ 1.78 9128282A7 U.S. Treasury 08/15/2026 2,000,000.00 08/22/2024 1,908,593.76 96.10 1,922,040.00 2.05% Aaa/AA+ 1.87
1.500% 3.92% 1,913,524.38 3.67% 3,831.52 8,515.62 AA+ 1.81 91282CCW9 U.S. Treasury 08/31/2026 3,000,000.00 09/27/2021 2,978,085.93 94.65 2,839,560.00 3.20% Aaa/AA+ 1.92
0.750% 0.90% 2,991,473.13 3.66% 1,926.80 -151,913.13 AA+ 1.86 38,245,444.21 37,856,890.00 41.22% 1.08
Total U.S. Treasuries 39,000,000.00 2.48% 38,496,825.30 3.98% 69,231.14 -639,935.34 1.06 92,841,209.26 92,559,242.17 100.00% 1.45
TOTAL PORTFOLIO 94,362,631.69 3.03% 93,391,237.11 3.94% 375,238.63 -831,994.97 1.25 TOTAL MARKET VALUE PLUS ACCRUED INTEREST 92,934,480.80
Run Date: 10/3/2024 - 5:50 PM
Amortizing
18 Maturity Report
City of Redondo Beach September 30, 2024
CUSIP Date
Purchase
Value
Book
Rate
Coupon
Date
Maturity
Par
Remaining
Term Value
Market
Issuer YTM
Days to
Maturity
Book
FUZXX First American Tsy FUZXX 6,410,528.77 4.756% 10/01/2024 6,410,528.77 1 6,410,528.77 4.76% 1 9819716 LAIF 01/12/2023 104,102.92 4.580% 10/01/2024 104,102.92 1 104,102.92 4.58% 1 3135G0W66 FNMA 02/06/2020 2,000,120.43 1.625% 10/15/2024 2,000,000.00 1,698 1,997,400.00 1.47% 15 949763L95 Wells Fargo Bank NA 10/18/2019 247,994.50 2.050% 10/17/2024 248,000.00 1,809 247,692.48 2.10% 17 912828YV6 U.S. Treasury 08/09/2021 2,003,512.14 1.500% 11/30/2024 2,000,000.00 1,148 1,989,160.00 0.44% 61 3130A3GE8 FHLB 01/30/2020 2,004,718.97 2.750% 12/13/2024 2,000,000.00 1,705 1,992,400.00 1.54% 74 3135G0X24 FNMA 01/27/2020 3,000,171.66 1.625% 01/07/2025 3,000,000.00 1,708 2,975,790.00 1.60% 99 637639AB1 National Securities Clearing 10/06/2022 1,966,196.18 1.500% 04/23/2025 2,000,000.00 725 1,965,740.00 4.72% 205 912797LW5 U.S. Treasury 07/18/2024 2,890,538.59 0.000% 07/10/2025 3,000,000.00 74 2,908,470.00 4.86% 283 91282CEY3 U.S. Treasury 05/30/2023 4,952,582.04 3.000% 07/15/2025 5,000,000.00 489 4,959,300.00 4.27% 288 91282CAB7 U.S. Treasury 08/09/2021 1,994,684.06 0.250% 07/31/2025 2,000,000.00 1,148 1,938,020.00 0.57% 304 91282CAJ0 U.S. Treasury 06/28/2021 1,990,869.88 0.250% 08/31/2025 2,000,000.00 1,190 1,932,260.00 0.76% 335 912797MH7 U.S. Treasury 09/18/2024 4,819,951.32 0.000% 09/04/2025 5,000,000.00 12 4,819,100.00 3.99% 339 91282CFK2 U.S. Treasury 02/10/2023 4,966,036.64 3.500% 09/15/2025 5,000,000.00 598 4,977,250.00 4.26% 350 91282CAT8 U.S. Treasury 02/03/2021 1,994,684.59 0.250% 10/31/2025 2,000,000.00 1,335 1,922,580.00 0.50% 396 91282CAT8 U.S. Treasury 02/03/2021 1,996,604.21 0.250% 10/31/2025 2,000,000.00 1,335 1,922,580.00 0.41% 396 91282CAZ4 U.S. Treasury 02/23/2021 997,858.99 0.375% 11/30/2025 1,000,000.00 1,315 960,510.00 0.56% 426 91282CAZ4 U.S. Treasury 02/23/2021 1,990,176.27 0.375% 11/30/2025 2,000,000.00 1,315 1,921,020.00 0.80% 426 91324PCV2 UnitedHealth Group Inc 01/31/2024 2,549,557.45 3.100% 03/15/2026 2,600,000.00 243 2,567,318.00 4.51% 531 91282CCF6 U.S. Treasury 06/28/2021 997,780.87 0.750% 05/31/2026 1,000,000.00 1,190 952,460.00 0.89% 608 24422ETH2 John Deere 06/12/2024 1,920,598.05 2.650% 06/10/2026 2,000,000.00 110 1,956,400.00 5.15% 618 91282CCP4 U.S. Treasury 08/09/2021 1,996,548.23 0.625% 07/31/2026 2,000,000.00 1,148 1,892,580.00 0.72% 669 9128282A7 U.S. Treasury 08/22/2024 1,913,524.38 1.500% 08/15/2026 2,000,000.00 39 1,922,040.00 3.92% 684 91282CCW9 U.S. Treasury 09/27/2021 2,991,473.13 0.750% 08/31/2026 3,000,000.00 1,099 2,839,560.00 0.90% 700 3133ERRW3 FFCB 09/11/2024 2,008,837.70 3.875% 09/03/2026 2,000,000.00 19 2,004,720.00 3.63% 703 14913UAN0 Caterpillar 08/28/2024 4,022,765.78 4.450% 10/16/2026 4,000,000.00 33 4,046,800.00 4.16% 746 3134GW6C5 FHLMC 02/10/2023 4,665,160.99 0.800% 10/28/2026 5,000,000.00 598 4,708,700.00 4.32% 758 3130AQEC3 FHLB 12/30/2021 2,000,000.00 1.370% 12/30/2026 2,000,000.00 1,005 1,896,240.00 1.37% 821 3130AQLX9 FHLB 01/27/2022 10,000,000.00 1.750% 01/27/2027 10,000,000.00 977 9,746,500.00 1.75% 849 89236TLY9 Toyota Motor Credit 04/05/2024 2,003,943.68 5.000% 03/19/2027 2,000,000.00 178 2,049,620.00 4.91% 900 3134GXTS3 FHLMC 05/25/2022 5,000,000.00 4.000% 05/25/2027 5,000,000.00 859 4,993,950.00 4.00% 967 3133EPAV7 FFCB 02/14/2023 4,989,714.72 3.875% 02/14/2028 5,000,000.00 594 5,038,450.00 3.94% 1,232 Net Maturities and Averages 93,391,237.11 94,362,631.69 92,559,242.17 3.03% 530 Run Date: 10/3/2024 - 5:50 PM
Amortizing
19 Summary by Issuer
City of Redondo Beach September 30, 2024
Issuer Investments
Number of Par
Value
Book
Value
% of
Portfolio YTM Maturity
Book Days to
U.S. Treasury 15 39,000,000.00 38,496,825.30 41.22 2.48 395 FHLB 3 14,000,000.00 14,004,718.97 15.00 1.67 734
FHLMC 2 10,000,000.00 9,665,160.99 10.35 4.16 866
FFCB 2 7,000,000.00 6,998,552.42 7.49 3.85 1,080
First American Tsy FUZXX 1 6,410,528.77 6,410,528.77 6.86 4.76 1 FNMA 2 5,000,000.00 5,000,292.08 5.35 1.55 65
Caterpillar 1 4,000,000.00 4,022,765.78 4.31 4.16 746
UnitedHealth 1 2,600,000.00 2,549,557.45 2.73 4.51 531
Toyota 1 2,000,000.00 2,003,943.68 2.15 4.91 900
National Securities Clearing 1 2,000,000.00 1,966,196.18 2.11 4.72 205 John Deere 1 2,000,000.00 1,920,598.05 2.06 5.15 618
Wells Fargo 1 248,000.00 247,994.50 0.27 2.10 17
LAIF 1 104,102.92 104,102.92 0.11 4.58 1
Total and Average 32 94,362,631.69 93,391,237.11 100.00% 3.03 530 Run Date: 10/3/2024 - 5:50 PM
Amortizing
20 Income Earned Summary
City of Redondo Beach September 30, 2024
September 30 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
231,043.38 826,066.37
375,238.63 375,238.63
-414,891.51 -585,991.54
191,390.50 615,313.46
64,372.26 204,532.92
0.00 0.00
255,762.76 819,846.38
Run Date: 10/3/2024 - 5:50 PM
Amortizing
21 Income Earned
City of Redondo Beach September 01, 2024 - September 30, 2024 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
949763L95 Wells Fargo Bank NA 10/17/2024 248,000.00 247,984.81 247,994.50 208.93 431.79 195.00 417.86 9.70 427.56 Certificates of Deposit - Sub Total 248,000.00 247,984.81 247,994.50 208.93 431.79 195.00 417.86 9.70 427.56 Corporate Bonds
637639AB1 National Securities Clearing 04/23/2025 2,000,000.00 1,961,367.07 1,966,196.18 10,666.67 0.00 13,166.67 2,500.00 4,829.12 7,329.12 91324PCV2 UnitedHealth Group Inc 03/15/2026 2,600,000.00 2,546,675.02 2,549,557.45 37,165.56 40,300.00 3,582.22 6,716.66 2,882.43 9,599.09 24422ETH2 John Deere 06/10/2026 2,000,000.00 1,916,823.20 1,920,598.05 11,925.00 0.00 16,341.67 4,416.67 3,774.85 8,191.52 14913UAN0 Caterpillar 10/16/2026 4,000,000.00 4,023,662.80 4,022,765.78 7,416.67 0.00 22,250.00 14,833.33 -897.02 13,936.31 89236TLY9 Toyota Motor Credit 03/19/2027 2,000,000.00 2,004,072.33 2,003,943.68 44,444.44 49,444.44 3,333.33 8,333.33 -128.65 8,204.68 Corporate Bonds - Sub Total 12,600,000.00 12,452,600.42 12,463,061.15 111,618.34 89,744.44 58,673.89 36,799.99 10,460.73 47,260.72 LAIF
9819716 LAIF 10/01/2024 104,102.92 104,102.92 104,102.92 0.00 0.00 0.00 0.00 0.00 0.00 LAIF - Sub Total 104,102.92 104,102.92 104,102.92 0.00 0.00 0.00 0.00 0.00 0.00 Money Market Funds
FUZXX First American Tsy FUZXX 10/01/2024 6,410,528.77 14,002,047.89 6,410,528.77 41,339.37 41,339.37 47,917.35 47,917.35 0.00 47,917.35 Money Market Funds - Sub Total 6,410,528.77 14,002,047.89 6,410,528.77 41,339.37 41,339.37 47,917.35 47,917.35 0.00 47,917.35 U.S. Agencies
3135G0W66 FNMA 10/15/2024 2,000,000.00 2,000,353.25 2,000,120.43 12,277.78 0.00 14,986.11 2,708.33 -232.82 2,475.51 3130A3GE8 FHLB 12/13/2024 2,000,000.00 2,006,658.28 2,004,718.97 11,916.67 0.00 16,500.00 4,583.33 -1,939.30 2,644.03 3135G0X24 FNMA 01/07/2025 3,000,000.00 3,000,222.98 3,000,171.66 7,312.50 0.00 11,375.00 4,062.50 -51.32 4,011.18 3133ERRW3 FFCB 09/03/2026 2,000,000.00 0.00 2,008,837.70 0.00 -1,722.22 6,027.78 4,305.56 -242.30 4,063.26 3134GW6C5 FHLMC 10/28/2026 5,000,000.00 4,652,179.26 4,665,160.99 13,666.67 0.00 17,000.00 3,333.33 12,981.73 16,315.06 3130AQEC3 FHLB 12/30/2026 2,000,000.00 2,000,000.00 2,000,000.00 4,642.78 0.00 6,926.11 2,283.33 0.00 2,283.33 3130AQLX9 FHLB 01/27/2027 10,000,000.00 10,000,000.00 10,000,000.00 16,527.78 0.00 31,111.11 14,583.33 0.00 14,583.33 3134GXTS3 FHLMC 05/25/2027 5,000,000.00 5,000,000.00 5,000,000.00 53,333.33 0.00 70,000.00 16,666.67 0.00 16,666.67 3133EPAV7 FFCB 02/14/2028 5,000,000.00 4,989,469.03 4,989,714.72 9,149.31 0.00 25,295.14 16,145.83 245.69 16,391.52 U.S. Agencies - Sub Total 36,000,000.00 33,648,882.79 35,668,724.46 128,826.82 -1,722.22 199,221.25 68,672.21 10,761.67 79,433.88 U.S. Treasuries
912797LH8 U.S. Treasury 09/17/2024 0.00 4,988,056.22 0.00 0.00 0.00 0.00 0.00 11,943.78 11,943.78 Run Date: 10/3/2024 - 5:50 PM
Amortizing
22 Income Earned
City of Redondo Beach September 01, 2024 - September 30, 2024 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. Treasuries
912828YV6 U.S. Treasury 11/30/2024 2,000,000.00 2,005,239.42 2,003,512.14 7,622.95 0.00 10,081.97 2,459.02 -1,727.28 731.74 912797LW5 U.S. Treasury 07/10/2025 3,000,000.00 2,879,201.52 2,890,538.59 0.00 0.00 0.00 0.00 11,337.07 11,337.07 91282CEY3 U.S. Treasury 07/15/2025 5,000,000.00 4,947,642.67 4,952,582.04 19,565.22 0.00 31,793.48 12,228.26 4,939.37 17,167.63 91282CAB7 U.S. Treasury 07/31/2025 2,000,000.00 1,994,159.46 1,994,684.06 434.78 0.00 842.39 407.61 524.60 932.21 91282CAJ0 U.S. Treasury 08/31/2025 2,000,000.00 1,990,052.25 1,990,869.88 2,513.81 2,500.00 428.18 414.37 817.62 1,231.99 912797MH7 U.S. Treasury 09/04/2025 5,000,000.00 0.00 4,819,951.32 0.00 0.00 0.00 0.00 6,468.82 6,468.82 91282CFK2 U.S. Treasury 09/15/2025 5,000,000.00 4,963,125.49 4,966,036.64 80,842.39 87,500.00 7,734.81 14,392.42 2,911.15 17,303.57 91282CAT8 U.S. Treasury 10/31/2025 4,000,000.00 3,990,628.85 3,991,288.79 3,369.57 0.00 4,184.78 815.21 659.94 1,475.15 91282CAZ4 U.S. Treasury 11/30/2025 3,000,000.00 2,987,192.67 2,988,035.26 2,858.61 0.00 3,780.74 922.13 842.59 1,764.72 91282CCF6 U.S. Treasury 05/31/2026 1,000,000.00 997,671.37 997,780.87 1,905.74 0.00 2,520.49 614.75 109.50 724.25 91282CCP4 U.S. Treasury 07/31/2026 2,000,000.00 1,996,393.44 1,996,548.23 1,086.96 0.00 2,105.98 1,019.02 154.79 1,173.81 9128282A7 U.S. Treasury 08/15/2026 2,000,000.00 1,909,731.59 1,913,524.38 1,385.87 0.00 3,831.52 2,445.65 3,792.79 6,238.44 91282CCW9 U.S. Treasury 08/31/2026 3,000,000.00 2,991,107.69 2,991,473.13 11,312.15 11,250.00 1,926.80 1,864.65 365.44 2,230.09 U.S. Treasuries - Sub Total 39,000,000.00 38,640,202.64 38,496,825.30 132,898.05 101,250.00 69,231.14 37,583.09 43,140.17 80,723.26 Grand Total 94,362,631.69 99,095,821.47 93,391,237.11 414,891.51 231,043.38 375,238.63 191,390.50 64,372.26 255,762.76 Run Date: 10/3/2024 - 5:50 PM
Amortizing
23 Realized Gains and Losses
City of Redondo Beach September 01, 2024 - September 30, 2024 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. Treasuries
912797LH8 05/24/2024 5,000,000.00 09/17/2024 116 5,000,000.00 5,000,000.00 0.00 U.S. Treasury 0.000% 09/17/2024 116
Total U.S. Treasuries 5,000,000.00 5,000,000.00 0.00
Grand Total 5,000,000.00 5,000,000.00 0.00
Run Date: 10/3/2024 - 5:50 PM
Amortizing
24 Transaction Report
City of Redondo Beach September 01, 2024 - September 30, 2024 Transaction Transaction Security Security Maturity
Date Type ID Description Date Purchases Redemptions Interest Deposits Withdrawals 09/03/2024 Interest 91282CAJ0 T 0 1/4 08/31/25 08/31/2025 - - 2,500.00 - - 09/03/2024 Interest 91282CCW9 T 0 3/4 08/31/26 08/31/2026 - - 11,250.00 - - 09/04/2024 Interest FUZXX First American Tsy MMF - - 41,339.37 - - 09/11/2024 Purchase 3133ERRW3 FFCB 3 7/8 09/03/26 09/03/2026 -2,009,080.00 - -1,722.22 - - 09/16/2024 Interest 91282CFK2 T 3 1/2 09/15/25 09/15/2025 - - 87,500.00 - - 09/16/2024 Interest 91324PCV2 UNH 3.1 03/15/26 03/15/2026 - - 40,300.00 - - 09/17/2024 Maturity 912797LH8 TREASURY BILL 09/17/2024 - 5,000,000.00 - - - 09/17/2024 Interest 949763L95 WFC 2.05 10/17/24 10/17/2024 - - 431.79 - - 09/18/2024 Purchase 912797MH7 TREASURY BILL 09/04/2025 -4,813,482.50 - - - - 09/19/2024 Interest 89236TLY9 TOYOTA 5 03/19/27 03/19/2027 - - 49,444.44 - - 09/24/2024 Withdrawal FUZXX FUZXX - - - - -6,000,000.00 Grand Total: -6,822,562.50 5,000,000.00 231,043.38 0.00 -6,000,000.00 Run Date: 10/3/2024 - 5:50 PM
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
Checking
7,621,788.55
1,023.56
3,183,494.64
1,755,190.15
1,362,907.60
1,769,364.03
132,961.13
7,614.40
4,452,346.62
104,102.92 104,102.92
1,362,907.60
1,769,364.03
132,961.13
1,988,777.26
189,767.38
22,574,847.12
City of Redondo Beach 9/30/2024
Bank of America Accounts & LAIF Accounts
Total
7,621,788.55
7,614.40
LAIF
-
5,508.88
-
6,532.44
3,183,494.64
3,743,967.41
4,642,114.00
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 9/30/2024
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
13.4%
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.
Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies.
Certain information and data have been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold.
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.
Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Investment advisory services are provided through Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy.
Source: ICE Data Indices, LLC ("ICE"), is used with permission. 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
SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO 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 SUBSCRIBER'S USE IS AT SUBSCRIBER'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND MEEDER PUBLIC FUNDS, INC., OR ANY OF ITS PRODUCTS OR SERVICES.
Run Date: 10/3/2024 - 5:50 PM
Amortizing
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