June 20, 2022
TO: The Honorable Mayor and City Council,
City Administrator, Deputy City Manager, Interim Finance Director FROM: Edward J. Carrillo - City Treasurer
REF
General Pooled Funds Investments + Cash Sweep Bank Account…………………………………………………………………………………………. 256,275,343.52
65%
A,G
Rialto Successor Agency (RSA) + Cash Sweep Bank Account…………………………………………………………………………………................................ 13,150,590.54
3%
B,H
Rialto Utility Authority (RUA) Pre-existing Investments + Cash Sweep Bank Account……………………………………………………………………………………………. 24,902,181.85
6%
C,I
Other Bank Accounts + Cash Sweep Bank Accounts……………………………………………………………………………………………………………………............. 1,973,747.71
1%
D,J
Escrow Accounts……………………………………………………………………………………………………………………………................................................. 14,161,667.84
4%
E
Cemetery Endowment Fund (Restricted Accounts)…………………………………………………………………........................................................................... 426,814.83
0%
F,K
Pepper Avenue Extension (Restricted Accounts)………………………………………………………………….......................................................... 163,923.96
0%
L
General Fund Economic Reserve (Restricted Funds)……………………………………………………………………............................................... 25,806,267.43
7%
M
Public Agency Retirement Services - OPEB (Restricted Funds)…………………………………………………………………….................................. 27,644,929.83
7%
N
Cash with Fiscal Agents - (Restricted Bond Issues)…………………………………………………………………………...................................................... 9,914,014.79
3%
O
Cash with Fiscal Agents - RUA (Concession Agreement)………………………………………………………………….......................................................... 22,197,848.11
6%
P
TREASURER'S PORTFOLIO
396,617,330.41
100%
TREASURER'S MONTHLY REPORT - MAY 2022
The City’s Treasurer expects to have sufficient cash for the next six months .
The City of Rialto’s Investments and funds management is in compliance with the City’s Investment Policy and S tate Mandates.
Pool
ed Investments have liquidity below 30 days, and therefore carry Market Value at Issued Value.
Wells Fargo Advisor
s,
J
P Morgan
Advisors
and
Clearwater Analytics
provided the Market Value of the investments held in custody.
US Bank (Corporate Trust Dept.)
provided Fiscal Agent information.
City of Rialto
TREASURER'S BANK
RECONCILIATION BALANCE SHEET
APRIL 2022
MAY 2022
ACTIVE ACCOUNTS
BALANCE
RECEIPTS
DISBURSEMENTS
BALANCE
REF
GENERAL BANK ACCOUNT **
(3,688,083.23)
29,697,874.50
28,540,758.76
(2,530,967.49)
A
RSA BANK ACCOUNT **
(538.57)
5,509,703.36
5,509,164.79
-
B
RUA BANK ACCOUNT **
(30,395.59)
304,400.35
293,569.74
(19,564.98)
C
SPORTS CENTER/POOL **
-
18,711.61
18,711.61
-
AMBULANCE LOCKBOX
102,277.39
242,740.12
307,636.68
37,380.83
FLEXIBLE BENEFIT**
-
5.16 5.16
-
ALARM LOCKBOX
38,759.10
17,209.86
-
55,968.96
BANK CARD
-
-
-
-
PAYROLL CLEARING
14,983.11
4,874,312.58
4,874,312.58
14,983.11
LIABILITY ACCT./CARL WARREN & CO.
22,741.01
-
-
22,741.01
LIABILITY ACCT./GEORGE HILLS
96,912.09
88,087.81
61,362.43
123,637.47
PEPPER AVENUE
-
-
-
-
WORKERS COMP/LWP CLAIMS SOLUTIONS
66,036.34
247,230.55
219,471.55
93,795.34
PROPERTY EVIDENCE MONIES
1,404,089.55
-
-
1,404,089.55
OTHER BANK ACCOUNTS
1,745,798.59
5,488,297.69
5,481,500.01
1,752,596.27
D
ENERGY CONSERVATION PROJECT
84,786.55
-
-
84,786.55
AYALA @ 210 PARTNERS LLC
310,717.72
10.55 -
310,728.27
LEWIS HILLWOOD
2,738,725.90
4,340.63
5,000.00
2,738,066.53
ALDER AVENUE
3,252,540.82
5,163.78
-
3,257,704.60
LAUREL/WALNUT/LOCUST
2,964,436.70
4,706.38
-
2,969,143.08
SUB ACCOUNT A
4,793,628.38
7,610.43
-
4,801,238.81
ESCROW ACCOUNTS
14,144,836.07
21,831.77
5,000.00
14,161,667.84
E
CEMETERY ENDOWMENT FUND
102,311.46
3.47 -
102,314.93
RESTRICTED ACCOUNTS
102,311.46
3.47 -
102,314.93
F
TOTAL - ACTIVE ACCOUNTS
12,273,928.73
13,466,046.57
(A-F)
Note (**) All cash is swept in Government Money Market Fund Sweep Accounts with Wells Fargo.
Accounts with negative balances are due to current month's outstanding checks.
PURCHASE
CALL
MATURITY
COUPON
DAYS
MONTHS
MONTHS
RATING
RATING
AMOUNT
PAR
MARKET
SOURCE
DATE
DATE
DATE
RATE
YIELD
OF INV.
OF INV.
REMAINING
MOODY'S
S&P
INVESTED
REF
VALUE
VALUE
WELLS FARGO CASH SWEEP ACCOUNT
POOLED FUNDS - GENERAL
05/01/22
---
05/01/22
---
---
0 1
---
---
---
16,877,692.84
16,877,692.84
16,877,692.84
SHARES PURCHASED
05/01/22
---
05/31/22
---
---
30 1
---
---
---
19,197,524.24
19,197,524.24
19,197,524.24
SHARES REDEEMED
05/01/22
---
05/31/22
---
---
30 1
---
---
---
(6,437,006.73)
(6,437,006.73)
(6,437,006.73)
INTEREST EARNED - GENERAL FUND ACCOUNT
05/01/22
---
05/31/22
---
0.60%
30 1
---
---
---
8,340.18
8,340.18
8,340.18
CASH SWEEP BALANCE / (FUNDS PENDING REDEMPTION)
05/01/22
---
05/31/22
---
---
30 1
---
---
---
467,671.41
467,671.41
467,671.41
SUBTOTAL
30,114,221.94
30,114,221.94
30,114,221.94
LAIF - CALIFORNIA STATE POOL
POOLED FUNDS - LAIF
05/01/22
---
05/31/22
---
0.75%
30 1
---
---
---
20,242,981.61
20,242,981.61
20,242,981.61
SUBTOTAL
20,242,981.61
20,242,981.61
20,242,981.61
JP MORGAN ADVISORS - GENERAL
02665WDM0 - AMERICAN HONDA FIN CORP
03/24/22
---
09/08/23
0.65%
0.67%
533
18 15
A3
A-
980,617.33
1,000,000.00
975,918.42
05724BAB5 - BAKER HUGHES HLDGS LLC
04/20/22
---
12/15/23
1.23%
1.26%
604
20 19
A3
A-
1,955,538.37
2,000,000.00
1,952,615.56
13607HVC3 - CANADIAN IMPERIAL BANK
03/24/22
---
06/22/23
0.45%
0.46%
455
15 13
A2
A-
1,472,347.45
1,500,000.00
1,466,083.70
3133ENLD0 - FEDERAL FARM CR BKS
01/11/22
01/26/24
01/26/26
1.53%
1.60%
1476
49 44
N/A
N/A
2,000,000.00
2,000,000.00
1,909,718.64
3133ENNE6 - FEDERAL FARM CREDIT BANK
02/03/22
---
02/09/24
1.23%
1.26%
736
24 20
AAA
AA+
745,000.00
745,000.00
730,146.38
3134GXSM7 - FEDERAL HOME LOAN BANK
04/22/22
06/17/22
05/17/27
4.00%
3.99%
1851
61 60
AAA
AA+
1,000,000.00
1,000,000.00
1,001,372.90
3130AQJK0 - FEDERAL HOME LOAN BANK
01/05/22
06/25/22
04/25/24
1.00%
1.03%
841
28 23
AAA
AA+
2,000,000.00
2,000,000.00
1,948,975.20
3130ARJ44 - FEDERAL HOME LOAN BANK
03/24/22
07/22/22
04/22/24
2.40%
2.41%
760
25 23
AAA
AA+
2,000,000.00
2,000,000.00
1,994,731.14
3130ARWC1 - FEDERAL HOME LOAN BANK
04/27/22
05/15/23
11/16/23
2.50%
2.50%
568
19 18
AAA
AA+
3,000,000.00
3,000,000.00
3,004,958.01
3130ARX55 - FEDERAL HOME LOAN BANK
04/27/22
08/26/22
11/26/24
3.13%
3.12%
944
31 30
AAA
AA+
5,000,000.00
5,000,000.00
5,012,075.75
3134GXGQ1 - FREDDIE MAC
12/07/21
06/15/22
12/15/22
0.20%
0.20%
373
12 7
AAA
N/A
1,248,601.53
1,250,000.00
1,240,746.89
606822BJ2 - MITSUBISHIA UFJ FINANICAL GROUP
04/22/22
---
07/18/24
2.80%
2.84%
818
27 26
A1
A-
3,950,977.23
4,000,000.00
3,949,306.84
78015K7L2 - ROYAL BANK OF CANADA
01/04/22
---
01/19/24
0.43%
0.44%
745
25 20
A1
A
2,008,678.05
2,026,000.00
1,949,632.89
83369NHL7 - SOCIETE GENERALE
01/18/22
07/20/22
01/20/27
1.95%
2.07%
1828
60 56
A1
A
2,000,000.00
2,000,000.00
1,885,269.82
89788JAB5 - TRUIST BK GLOBAL BK
03/22/22
02/09/23
03/09/23
1.25%
1.26%
352
12 9
A2
A
996,501.98
1,000,000.00
990,776.84
91282CBU4 - UNITED STATES TREASURY
03/22/22
---
03/31/23
0.13%
0.13%
374
12 10
AAA
N/A
1,976,913.16
2,000,000.00
1,969,375.00
91282CCD1 - UNITED STATES TREASURY
04/22/22
---
05/31/23
0.13%
0.13%
404
13 12
AAA
N/A
4,902,412.48
5,000,000.00
4,900,195.30
91282CCN9 - UNITED STATES TREASURY
03/24/22
---
07/31/23
0.13%
0.13%
494
16 14
AAA
N/A
1,960,558.70
2,000,000.00
1,952,187.50
91282CAR2 - UNITED STATES TREASURY
03/24/22
---
10/31/22
0.13%
0.13%
221
7 5
AAA
N/A
4,980,721.59
5,000,000.00
4,972,070.30
JP MORGAN ADVISORS ---TREASURY MONEY MARKET
05/01/22
---
05/31/22
---
0.23%
30 1
---
---
---
827,226.41
827,226.41
827,226.41
JP MORGAN ADVISORS --- CASH
05/01/22
---
05/31/22
---
---
30 1
---
---
---
0.00 0.00
0.00 SUBTOTAL
45,006,094.28
45,348,226.41
44,633,383.49
NOTE. G (CONTINUED TO NEXT PAGE)
City of Rialto
SCHEDULE OF INVESTMENTS
GENERAL POOLED FUNDS / INVESTMENTS - REF: G
MAY 2022
PURCHASE
CALL
MATURITY
COUPON
DAYS
MONTHS
MONTHS
RATING
RATING
AMOUNT
PAR
MARKET
SOURCE
DATE
DATE
DATE
RATE
YIELD
OF INV.
OF INV.
REMAINING
MOODY'S
S&P
INVESTED
REF
VALUE
VALUE
WELLS FARGO ADVISORS - CUSTODIAL
38150AEJ0 - GOLDMAN SACHS GRP INC MTN CALLABLE
11/20/20
08/24/22
11/25/22
0.40%
0.40%
735
24 6
A2
BBB+
7,497,500.00
7,500,000.00
7,398,900.00
94973VBA4 - WELLPOINT INC SR UNSECURED
07/13/21
---
01/15/23
3.30%
3.28%
551
18 8
BAA2
A
1,566,150.00
1,500,000.00
1,508,565.00
94974BFN5 -WELLS FARGO & CO SUBORDINATED
06/03/21
---
08/15/23
4.13%
4.05%
803
26 14
A3
BBB
5,519,832.00
5,100,000.00
5,183,334.00
38150AEF8 - GOLDMAN SACH GRP MTN CALLABLE
11/20/20
08/24/22
11/24/23
0.60%
0.62%
1099
36 18
A2
BBB+
3,000,000.00
3,000,000.00
2,864,820.00
17329F6E9 - CITIGROUP GLOBAL MARKETS MTN CALLABLE
03/30/21
06/30/22
03/31/24
0.70%
0.73%
1097
36 22
A3
BBB+
8,250,000.00
8,250,000.00
7,887,495.00
02665WDS7 - AMERICAN HONDA FINANCE MTN
02/25/21
---
07/12/24
0.55%
0.58%
1233
41 25
A3
A-
3,827,410.50
3,825,000.00
3,625,029.00
94974BGA2 - WELLS FARGO & CO. MTN
04/22/22
---
09/09/24
3.30%
3.28%
871
29 27
A1
BBB+
5,000,000.00
5,000,000.00
5,017,100.00
45950VQE9 - INTL FINANCE CORP MTN
09/08/21
---
09/10/24
0.43%
0.45%
1098
36 27
AAA
AAA
5,000,000.00
5,000,000.00
4,742,600.00
38150AFC4 - GOLDMAN SACHS GRP INC MTN CALLABLE
03/26/21
06/30/22
09/30/24
1.00%
1.05%
1284
42 28
A2
BBB+
4,500,000.00
4,500,000.00
4,252,005.00
61761JVL0 - MORGAN STANLEY MTN SR UNSECURED
07/15/21
---
10/23/24
3.70%
3.64%
1196
39 29
A1
A-
5,048,828.40
4,620,000.00
4,687,452.00
38150AFM2 - GOLDMAN SACHS GRP INC MTN CALLABLE
05/10/21
08/12/22
11/12/24
1.00%
1.06%
1282
42 29
A2
BBB+
10,000,000.00
10,000,000.00
9,381,300.00
037833AZ3 - APPLE INC SR UNSECURED
02/04/21
---
02/09/25
2.50%
2.52%
1466
48 32
AAA
AA+
2,157,500.00
2,000,000.00
1,982,440.00
06048WK66 - BANK OF AMERICA CORP MULTISTEP UP MTN CALLABLE 02/04/21
06/23/22
12/23/25
0.65%
0.73%
1783
59 43
A2
A-
1,994,000.00
2,000,000.00
1,757,600.00
17290AEA4 - CITIGROUP INC. MTN CALLABLE
10/15/21
10/19/24
10/19/26
1.45%
1.61%
1830
60 53
A3
BBB+
5,000,000.00
5,000,000.00
4,477,050.00
48128G5Y2 - JPMORGAN CHASE & CO MTN CALLABLE
01/27/22
01/31/24
01/29/27
2.10%
2.36%
1828
60 56
A2
A-
3,000,000.00
3,000,000.00
2,668,560.00
3815AL29 - GOLDMAN SACHS GRP INC MTN CALLABLE
02/28/22
03/02/23
03/02/27
3.00%
3.15%
1828
60 57
A2
BBB+
5,000,000.00
5,000,000.00
4,758,750.00
3135G05G4 - FEDERAL NATIONAL MTG ASSN NOTES
12/02/21
---
07/10/23
0.25%
0.25%
585
19 13
AAA
AA+
3,896,901.50
3,910,000.00
3,825,817.70
3130ANZ60 - FEDERAL HOME LOAN BANK MULTISTEP COUPON BONDS CALLABLE 09/08/21
06/27/22
06/27/25
0.40%
0.42%
1388
46 37
AAA
AA+
1,500,000.00
1,500,000.00
1,415,970.00
3130ALZA5 - FEDERAL HOME LOAN BANK MULTI STEP COUPON BONDS CALLABLE 04/13/21
07/29/22
04/29/26
0.50%
0.78%
1842
61 47
AAA
AA+
6,000,000.00
6,000,000.00
5,699,160.00
3130AMB76 - FEDERAL HOME LOAN BANK BONDS CALLABLE
05/18/21
08/18/22
05/18/26
1.25%
1.32%
1826
60 48
AAA
AA+
1,108,800.00
1,100,000.00
1,040,369.00
3130AMKN1 - FEDERAL HOME LOAN MULTISTEP UP COUPON BONDS CALLABLE 05/18/21
08/27/22
05/27/26
0.50%
0.78%
1835
60 48
AAA
AA+
8,900,000.00
8,900,000.00
8,454,021.00
3130ANUT5 - FEDERAL HOME LOAN BANK MULTI STEP COUPON BONDS CALLABLE 08/30/21
06/16/22
09/16/26
0.50%
0.53%
1843
61 52
AAA
AA+
10,000,000.00
10,000,000.00
9,422,500.00
3130ANZ52 - FEDERAL HOME LOAN BANK MULTISTEP COUPON BONDS CALLABLE 09/08/21
06/28/22
09/28/26
0.50%
0.53%
1846
61 52
AAA
AA+
2,500,000.00
2,500,000.00
2,358,300.00
3130ANXC9 - FEDERAL HOME LOAN BANK MULTISTEP COUPON BONDS CALLABLE 09/02/21
06/29/22
09/29/26
0.60%
0.67%
1853
61 52
AAA
AA+
5,000,000.00
5,000,000.00
4,643,400.00
78658RFR7 - SAFRA NATIONAL BANK CD
10/12/21
---
10/19/22
0.15%
0.15%
372
12 5
N.A.
N.A.
249,000.00
249,000.00
247,949.22
99000FGR3 - WORLD'S FOREMOST BANK CD
09/20/21
---
05/08/23
2.45%
2.44%
595
20 11
N.A.
N.A.
206,936.00
200,000.00
200,186.00
99000QMY7 - COMENITY BANK CD
09/23/21
---
08/15/23
2.15%
2.16%
691
23 14
N.A.
N.A.
206,372.00
200,000.00
198,922.00
05580AD92 - BMW BK N AMERICA CD
09/20/21
---
09/25/23
0.35%
0.35%
735
24 16
N.A.
N.A.
249,000.00
249,000.00
242,516.04
87165HD64 - SYNCHRONY BANK CD
09/20/21
---
09/25/23
0.40%
0.41%
735
24 16
N.A.
N.A.
249,000.00
249,000.00
242,675.40
38149MA52 - GOLDMAN SACHS BK USA CD
09/20/21
---
09/29/23
0.35%
0.35%
739
24 16
N.A.
N.A.
249,000.00
249,000.00
242,436.36
856285XP1 - STATE BANK OF INDIA CD
09/20/21
---
09/29/23
0.40%
0.41%
739
24 16
N.A.
N.A.
249,000.00
249,000.00
242,598.21
947547NE1 - WEBBANK CD
09/20/21
06/30/22
09/29/23
0.30%
0.30%
739
24 16
N.A.
N.A.
249,000.00
249,000.00
242,232.18
538036SD7 - LIVE OAK BANKING CO CD
09/21/21
---
10/02/23
0.25%
0.25%
741
24 16
N.A.
N.A.
249,000.00
249,000.00
242,045.43
649447UA5 - NEW YORK CMNTY BK CD
10/05/21
---
10/16/23
0.30%
0.30%
741
24 17
N.A.
N.A.
250,000.00
250,000.00
242,900.00
45581ECS8 - INDUSTRIAL & COM BK CD
09/21/21
---
10/18/23
0.35%
0.36%
757
25 17
N.A.
N.A.
249,000.00
249,000.00
242,055.39
06251A2J8 - BANK HAPOALIM BM NY CD
09/28/21
---
10/26/23
0.25%
0.25%
758
25 17
N.A.
N.A.
248,253.00
249,000.00
241,549.92
88241TFP6 - TEXAS EXCHANGE BK SSB CD
09/22/21
06/18/22
12/18/23
0.35%
0.36%
817
27 19
N.A.
N.A.
248,000.00
248,000.00
239,811.04
NOTE. G (CONTINUED TO NEXT PAGE)
SCHEDULE OF INVESTMENTS
GENERAL POOLED FUNDS / INVESTMENTS - REF: G (CONTINUED) MAY 2022
PURCHASE
CALL
MATURITY
COUPON
DAYS
MONTHS
MONTHS
RATING
RATING
AMOUNT
PAR
MARKET
SOURCE
DATE
DATE
DATE
RATE
YIELD
OF INV.
OF INV.
REMAINING
MOODY'S
S&P
INVESTED
REF
VALUE
VALUE
61765QQ28 - MORGAN STANLEY BK NA CD
10/01/21
---
01/08/24
0.25%
0.25%
829
27 19
N.A.
N.A.
250,000.00
250,000.00
241,467.50
47804GGX5 - JOHN MARSHALL BANK CD
09/29/21
---
06/17/24
0.25%
0.26%
992
33 25
N.A.
N.A.
243,020.40
245,000.00
232,299.20
29278TPT1 - ENERBANK USA CD
10/12/21
---
06/26/24
0.50%
0.52%
988
32 25
N.A.
N.A.
210,578.00
211,000.00
200,971.17
89235MLG4 - TOYOTA FINL SGS BK CD
09/23/21
---
08/12/24
0.60%
0.63%
1054
35 26
N.A.
N.A.
248,927.79
249,000.00
236,906.07
795451AW3 - SALLIE MAE BANK/SALT CD
09/20/21
---
09/23/24
0.70%
0.73%
1099
36 28
N.A.
N.A.
249,000.00
249,000.00
236,711.85
90348JT75 - UBS BANK USA CD
09/28/21
---
10/07/24
0.65%
0.68%
1105
36 28
N.A.
N.A.
249,000.00
249,000.00
236,144.13
59013KNU6 - MERRICK BANK CD
10/06/21
---
10/21/24
0.55%
0.58%
1111
37 29
N.A.
N.A.
249,000.00
249,000.00
235,319.94
48128WBQ7 - JP MORGAN CHASE BK NA CD
10/13/21
10/29/22
10/29/26
0.55%
0.54%
1842
61 53
N.A.
N.A.
125,000.00
125,000.00
114,437.50
53944VAS8 - LLOYDS BANK PLC SR NOTE
12/09/19
---
08/14/22
2.25%
2.24%
979
32 2
A1
A+
2,009,300.00
2,000,000.00
2,001,020.00
89114V4M6 - TORONTO-DOMINION BANK MTN
03/07/22
06/09/22
06/09/23
1.40%
1.41%
459
15 12
A1
A
5,000,000.00
5,000,000.00
4,947,200.00
22553PTV1 - CREDIT SUISSE AG LONDON MTN
04/27/22
10/29/22
10/29/23
3.00%
3.00%
550
18 17
A1
N.A.
5,000,000.00
5,000,000.00
5,000,800.00
13605WQ79 - CANADIAN IMPERIAL BK COMM MTN CALLABLE
12/28/20
12/22/22
06/22/24
0.55%
0.58%
1272
42 25
A2
A-
3,000,000.00
3,000,000.00
2,794,560.00
459056HV2 - INTL BK RECON & DEVELOP SR UNSECURED
09/07/21
---
08/28/24
1.50%
1.54%
1086
36 27
AAA
AAA
1,031,750.00
1,000,000.00
974,640.00
89114TDD1 - TORONTO DOMINION BANK MTN CALLABLE
03/09/21
06/11/22
09/11/24
0.70%
0.74%
1282
42 27
A1
A
7,000,000.00
7,000,000.00
6,650,490.00
89114TF49 - TORONTO DOMINION BANK MTN CALLABLE
03/20/21
07/01/22
04/01/25
1.00%
1.07%
1473
48 34
A1
A
5,000,000.00
5,000,000.00
4,696,400.00
06747PKV0 - BARCLAYS BANK PLC - MTN CALLABLE
06/08/20
04/08/23
04/08/25
3.25%
3.39%
1765
58 34
A1
A
5,136,480.00
4,920,000.00
4,784,109.60
22553PTR0 - CREDIT SUISSE AG LONDON - MTN CALLABLE
05/04/22
05/06/23
05/06/25
4.00%
3.99%
1098
36 35
A1
N.A.
5,000,000.00
5,000,000.00
5,007,800.00
89114VCS4 - TORONTO-DOMINION BANK MTN
04/26/22
10/31/23
10/31/25
3.50%
3.52%
A1
A
5,000,000.00
5,000,000.00
4,982,300.00
WFA ---TREASURY MONEY MARKET
05/01/22
---
05/31/22
---
0.01%
30 1
---
---
---
126.71
126.71
126.71
WFA --- CASH
05/01/22
---
05/31/22
---
---
30 1
---
---
---
22,346.88
22,346.88
22,346.88
SUBTOTAL
163,443,013.18
162,113,473.59
155,716,465.44
TOTAL - GENERAL POOLED FUNDS / INVESTMENTS
258,806,311.01
G
257,818,903.55
250,707,052.48
SCHEDULE OF INVESTMENTS
GENERAL POOLED FUNDS / INVESTMENTS - REF: G (CONTINUED) MAY 2022
PURCHASE
CALL
MATURITY
COUPON
DAYS
MONTHS
MONTHS
RATING
RATING
AMOUNT
PAR
MARKET
SOURCE
DATE
DATE
DATE
RATE
YIELD
OF INV.
OF INV.
REMAINING
MOODY'S
S&P
INVESTED
REF
VALUE
VALUE
WELLS FARGO CASH SWEEP ACCOUNT
RSA ACCOUNT **
05/01/22
---
05/01/22
---
---
0 0
---
---
---
7,641,268.72
7,641,268.72
7,641,268.72
SHARES PURCHASED
05/01/22
---
05/31/22
---
---
30 1
---
---
---
5,506,949.00
5,506,949.00
5,506,949.00
SHARES REDEEMED
05/01/22
---
05/31/22
---
---
30 1
---
---
---
(1,197.80)
(1,197.80)
(1,197.80)
INTEREST EARNED - WELLS FARGO
05/01/22
---
05/31/22
----
0.60%
30 1
---
---
---
3,570.62
3,570.62
3,570.62
TOTAL - RSA INVESTMENTS
13,150,590.54
H
13,150,590.54
13,150,590.54
PURCHASE
CALL
MATURITY
COUPON
DAYS
MONTHS
MONTHS
RATING
RATING
AMOUNT
PAR
MARKET
SOURCE
DATE
DATE
DATE
RATE
YIELD
OF INV.
OF INV.
REMAINING
MOODY'S
S&P
INVESTED
REF
VALUE
VALUE
WELLS FARGO CASH SWEEP ACCOUNT
POOLED FUNDS - RUA ACCOUNT **
05/01/22
---
05/01/22
---
---
0 0
---
---
---
7,001,675.92
7,001,675.92
7,001,675.92
SHARES REDEEMED
05/01/22
---
05/31/22
---
---
30 1
---
---
---
(303,200.20)
(303,200.20)
(303,200.20)
INTEREST EARNED - WELLS FARGO
05/01/22
---
05/31/22
---
0.17%
30 1
---
---
---
3,134.57
3,134.57
3,134.57
SUBTOTAL
6,701,610.29
6,701,610.29
6,701,610.29
LAIF - CALIFORNIA STATE POOL
POOLED FUNDS - LAIF
05/01/22
---
05/31/22
---
0.75%
30 1
---
---
---
100,821.73
100,821.73
100,821.73
SUBTOTAL
100,821.73
100,821.73
100,821.73
WELLS FARGO ADVISORS - RUA
94974BFN5 - WELLS FARGO & CO SUBORDINATED
06/03/21
---
08/15/23
3.93%
4.05%
803
26 14
A3
BBB
974,088.00
900,000.00
914,706.00
38150AJK2 - GOLDMAN SACHS GRP INC MTN
11/22/21
08/24/22
11/24/23
1.00%
1.04%
732
24 18
A2
BBB+
3,900,000.00
3,900,000.00
3,742,908.00
02665WDS7 - AMERICAN HONDA FINANCE MTN
02/04/21
---
07/12/24
0.56%
0.58%
1254
41 25
A3
A-
3,477,991.50
3,475,000.00
3,293,327.00
3815AJ48 - GOLDMAN SACHS GRP INC MTN
10/27/21
10/29/22
10/29/24
1.15%
1.21%
1098
36 29
A2
BBB+
413,000.00
413,000.00
390,421.29
3130AMRA2 - FEDERAL HOME LOAN BANK
06/02/21
06/24/22
06/24/26
0.63%
0.66%
1848
61 49
AAA
AA+
1,000,000.00
1,000,000.00
940,200.00
83369MM74 - SOCIETE GENERALE BANK MTN
10/14/20
07/19/22
10/19/22
0.40%
0.40%
735
24 5
A1
A
2,000,000.00
2,000,000.00
1,976,740.00
13605WQ79 - CANADIAN IMPERIAL BANK COMM MTN CALLABLE
12/18/20
12/22/22
06/22/24
0.56%
0.59%
1282
42 25
A2
A-
270,000.00
270,000.00
251,510.40
89114TDD1 - TORONTO DOMINION BANK MTN CALLABLE
03/09/21
06/11/22
09/11/24
0.71%
0.73%
1282
42 27
A1
A
3,000,000.00
3,000,000.00
2,850,210.00
89114TF49 - TORONTO DOMINION BANK MTN CALLABLE
03/30/21
07/01/22
04/01/25
1.01%
1.06%
1463
48 34
A1
A
3,000,000.00
3,000,000.00
2,817,840.00
WFA --- TREASURY MONEY MARKET
05/01/22
---
05/31/22
---
0.01%
30 1
---
---
---
858.48
858.48
858.48
WFA --- CASH
05/01/22
---
05/31/22
---
---
30 1
---
---
---
83,376.83
83,376.83
83,376.83
SUBTOTAL
18,119,314.81
18,042,235.31
17,262,098.00
TOTAL - RUA PRE-EXISTING INVESTMENTS
24,921,746.83
I
24,844,667.33
24,064,530.02
MAY 2022
SCHEDULE OF INVESTMENTS
RUA PRE-EXISTING / INVESTMENTS - REF: I
SCHEDULE OF INVESTMENTS
RSA STAGE COACH SWEEP ACCOUNT - REF: H
MAY 2022
PURCHASE
CALL
MATURITY
COUPON
DAYS
MONTHS
MONTHS
RATING
RATING
AMOUNT
PAR
MARKET
SOURCE
DATE
DATE
DATE
RATE
YIELD
OF INV.
OF INV.
REMAINING
MOODY'S
S&P
INVESTED
REF
VALUE
VALUE
WELLS FARGO CASH SWEEP ACCOUNT - SPORTS CENTER & POOL
SPORTS CENTER & POOL ACCOUNT **
05/01/22
---
05/01/22
---
---
0 0
---
---
---
168,297.78
168,297.78
168,297.78
SHARES PURCHASED
05/01/22
---
05/31/22
---
---
30 1
---
---
---
16,535.67
16,535.67
16,535.67
INTEREST EARNED - SPORTS CENTER &POOL ACCOUNT **
05/01/22
---
05/31/22
---
0.59%
30 1
---
---
---
82.25 82.25
82.25 CASH SWEEP BALANCE / (FUNDS PENDING REDEMPTION) ** 05/01/22
---
05/31/22
---
---
30 1
---
---
---
1,696.00
1,696.00
1,696.00
SUBTOTAL
186,611.70
186,611.70
186,611.70
WELLS FARGO CASH SWEEP ACCOUNT - FLEXIBLE BENEFIT
FLEXIBLE BENEFIT ACCOUNT**
05/01/22
---
05/01/22
---
---
0 0
---
---
---
34,524.20
34,524.20
34,524.20
INTEREST EARNED - FLEXIBLE BENEFIT ACCOUNT**
05/01/22
---
05/31/22
---
0.59%
30 1
---
---
---
15.54 15.54
15.54 SUBTOTAL
34,539.74
34,539.74
34,539.74
TOTAL - OTHER BANK ACCOUNTS INVESTMENTS
221,151.44
J
221,151.44
221,151.44
PURCHASE
CALL
MATURITY
COUPON
DAYS
MONTHS
MONTHS
RATING
RATING
AMOUNT
PAR
MARKET
SOURCE
DATE
DATE
DATE
RATE
YIELD
OF INV.
OF INV.
REMAINING
MOODY'S
S&P
INVESTED
REF
VALUE
VALUE
WELLS FARGO ADVISORS - CEMETERY ENDOWMENT FUND
38150AFG5 - GOLDMAN SACHS GRP INC MTN CALLABLE
04/28/21
07/30/22
04/30/26
1.35%
1.49%
1828
60 47
A2
BBB+
320,000.00
320,000.00
288,108.80
WFA --- TREASURY MONEY MARKET
05/01/22
---
05/31/22
---
0.19%
30 1
---
---
---
100.84
100.84
100.84
WFA --- CASH
05/01/22
---
05/31/22
---
---
30 1
---
---
---
4,399.06
4,399.06
4,399.06
TOTAL - CEMETERY ENDOWMENT FUND
324,499.90
K
324,499.90
292,608.70
PURCHASE
CALL
MATURITY
COUPON
DAYS
MONTHS
MONTHS
RATING
RATING
AMOUNT
PAR
MARKET
SOURCE
DATE
DATE
DATE
RATE
YIELD
OF INV.
OF INV.
REMAINING
MOODY'S
S&P
INVESTED
REF
VALUE
VALUE
PEPPER AVENUE EXTENSION - RESTRICTED FUNDS
COLLATERAL CERTIFICATE OF DEPOSIT - WELLS FARGO
07/12/21
---
07/12/22
---
0.01%
365
12 1
---
---
163,923.96
163,923.96
163,923.96
TOTAL - PEPPER AVENUE EXTENSION RESTRICTED ACCOUNTS
163,923.96
L
163,923.96
163,923.96
SCHEDULE OF INVESTMENTS
OTHER BANK ACCOUNTS - CASH SWEEP ACCOUNTS - REF: J
MAY 2022
MAY 2022
SCHEDULE OF INVESTMENTS
PEPPER AVENUE EXTENSION (RESTRICTED FUNDS) - REF: L
MAY 2022
SCHEDULE OF INVESTMENTS
CEMETERY ENDOWMENT FUND - REF: K
PURCHASE
CALL
MATURITY
COUPON
DAYS
MONTHS
MONTHS
RATING
RATING
AMOUNT
PAR
MARKET
SOURCE
DATE
DATE
DATE
RATE
YIELD
OF INV.
OF INV.
REMAINING
MOODY'S
S&P
INVESTED
REF
VALUE
VALUE
WELLS FARGO ADVISORS - ECONOMIC RESERVE
2254EBE31 - CREDIT SUISSE NEW YORK
02/03/22
---
05/03/22
---
0.29%
----
----
----
----
----
0.00 0.00
0.00 747525AE3 - QUALCOMM INC
02/22/22
---
05/20/22
---
2.99%
----
----
----
----
----
0.00 0.00
0.00 5006E3GC8 - KOREA DEVELOPMENT BANK CP
04/11/22
---
07/12/22
---
0.85%
92 3
1 P1
A1+
7,803,197.86
7,820,000.00
7,810,303.20
5148X1H48 - LANDESBANK BADEN-WURIT CP
05/04/22
---
08/04/22
---
1.33%
92 3
2 P1
N.A
14,948,940.00
15,000,000.00
14,962,950.00
2254EBHN4 - CREDIT SUISSE NEW YORK CP
05/20/22
---
08/22/22
---
1.50%
94 3
3 P1
A1
3,053,378.53
3,065,000.00
3,053,843.40
WFA --- TREASURY MONEY MARKET
05/01/22
---
05/31/22
---
0.19%
30 1
---
---
---
739.96
739.96
739.96
WFA --- CASH
05/01/22
---
05/31/22
---
---
30 1
---
---
---
11.08 11.08
11.08 SUBTOTAL
25,806,267.43
25,885,751.04
25,827,847.64
TOTAL - GENERAL FUND ECONOMIC RESERVE
25,806,267.43
M
25,885,751.04
25,827,847.64
PURCHASE
CALL
MATURITY
COUPON
DAYS
MONTHS
MONTHS
RATING
RATING
AMOUNT
PAR
MARKET
SOURCE
DATE
DATE
DATE
RATE
YIELD
OF INV.
OF INV.
REMAINING
MOODY'S
S&P
INVESTED
REF
VALUE
VALUE
HIGHMARK CAPITAL MANAGEMENT
PARS OPEB TRUST PROGRAM
05/01/22
---
05/01/22
---
---
0 0
---
---
---
27,628,845.39
27,628,845.39
27,793,242.62
TRUST FEES
05/01/22
---
05/31/22
---
---
30 1
---
---
---
(9,259.60)
(9,259.60)
(9,259.60)
INTEREST EARNED
05/01/22
---
05/31/22
---
---
30 1
---
---
---
25,344.04
25,344.04
25,344.04
UNREALIZED GAIN/LOSS
05/01/22
---
05/31/22
---
---
30 1
---
---
---
0.00 0.00
37,101.98
TOTAL - PUBLIC AGENCY RETIREMENT (RESTRICTED FUNDS)
27,644,929.83
N
27,644,929.83
27,846,429.04
PURCHASE
CALL
MATURITY
COUPON
DAYS
MONTHS
MONTHS
RATING
RATING
AMOUNT
PAR
MARKET
SOURCE
DATE
DATE
DATE
RATE
YIELD
OF INV.
OF INV.
REMAINING
MOODY'S
S&P
INVESTED
REF
VALUE
VALUE
CASH WITH FISCAL AGENT
2008 SERIES B
05/01/22
---
05/31/22
---
---
30 1
---
---
---
2,961,013.26
2,961,013.26
2,961,013.26
2008 SERIES C
05/01/22
---
05/31/22
---
---
30 1
---
---
---
1,859,011.68
1,859,011.68
1,859,011.68
2014 SERIES A
05/01/22
---
05/31/22
---
---
30 1
---
---
---
2.20 2.20
2.20 2015 SERIES A & B
05/01/22
---
05/31/22
---
---
30 1
---
---
---
5.81 5.81
5.81 2015 SERIES C
05/01/22
---
05/31/22
---
---
30 1
---
---
---
1.78 1.78
1.78 2018 REFUNDING 2008 SERIES A
05/01/22
---
05/31/22
---
---
30 1
---
---
---
4.64 4.64
4.64 2016 ELM PARK
05/01/22
---
05/31/22
---
---
30 1
---
---
---
453,510.40
453,510.40
453,510.40
2022 SERIES CFD 2019-2 FOOTHILL/SPRUCE
05/01/22
---
05/31/22
---
---
30 1
---
---
---
4,640,465.02
4,640,465.02
4,640,465.02
TOTAL - CASH W/FISCAL AGENTS (RESTRICTED BOND ISSUES)
9,914,014.79
O
9,914,014.79
9,914,014.79
PUBLIC AGENCY RETIREMENT - OPEB (RESTRICTED FUNDS) - REF: N CASH W/FISCAL AGENTS (RESTRICTED BOND ISSUES) - REF: O MAY 2022
SCHEDULE OF INVESTMENTS
GENERAL FUND ECONOMIC RESERVE (RESTRICTED FUNDS) - REF: M MAY 2022
SCHEDULE OF INVESTMENTS
MAY 2022
SCHEDULE OF INVESTMENTS
PURCHASE
CALL
MATURITY
COUPON
DAYS
MONTHS
MONTHS
RATING
RATING
AMOUNT
PAR
MARKET
SOURCE
DATE
DATE
DATE
RATE
YIELD
OF INV.
OF INV.
REMAINING
MOODY'S
S&P
INVESTED
REF
VALUE
VALUE
CASH WITH FISCAL AGENTS - RUA (CONCESSION AGREEMENT)
RIALTO TRUST AND RUA LOCKBOX ACCOUNTS
05/01/22
---
05/31/22
---
---
30 1
---
---
---
4,235,744.72
4,235,744.72
4,235,744.72
WASTEWATER ACCOUNTS
05/01/22
---
05/31/22
---
---
30 1
---
---
---
10,633,363.20
10,633,363.20
10,332,477.64
WATER ACCOUNTS
05/01/22
---
05/31/22
---
---
30 1
---
---
---
7,328,740.19
7,165,770.09
7,004,009.03
TOTAL - CASH W/FISCAL AGENTS - RUA (CONCESSION AGREEMENT) 22,197,848.11
P
22,034,878.01
21,572,231.39
NOTE. P2. CASH W/FISCAL AGENTS - RUA, WATER RESERVE ACCOUNT AS OF 05/31/2022, INCLUDES CASH AND INVESTMENTS OF $273,485.56 AND $6,144,000.00 RESPECTIVELY.
NOTE. P3. CASH W/FISCAL AGENTS - RUA, WATER RESERVE ACCOUNT AS OF 05/31/2022, INCLUDES CASH AND INVESTMENTS OF $327,766.04 AND $3,348,000.00 RESPECTIVELY.
REF
258,806,311.01
G
13,150,590.54
H
24,921,746.83
I
221,151.44
J
324,499.90
K
163,923.96
L
25,806,267.43
M
27,644,929.83
N
9,914,014.79
O
22,197,848.11
P
383,151,283.84
(G-P)
PUBLIC AGENCY RETIREMENT - OPEB (RESTRICTED FUNDS)
CASH W/FISCAL AGENTS (RESTRICTED BOND ISSUES)
SCHEDULE OF INVESTMENTS
CASH W/FISCAL AGENTS - RUA (CONCESSION AGREEMENT) - REF: P
OTHER BANK ACCOUNTS / STAGE COACH ACCOUNTS
CASH W/FISCAL AGENTS - RUA (CONCESSION AGREEMENT)
TOTAL - RECAP INVESTMENTS & CASH W/FISCAL AGENTS
PEPPER AVENUE EXTENSION - LINE OF CREDIT & CD (RESTRICTED FUNDS)
GENERAL FUND ECONOMIC RESERVE (RESTRICTED FUNDS)
CEMETERY ENDOWMENT FUND / INVESTMENTS
RECAP - INVESTMENTS & CASH W/FISCAL AGENTS
GENERAL POOLED FUNDS / INVESTMENTS
RUA / INVESTMENTS & STAGE COACH SWEEP ACCOUNT
RSA / STAGE COACH SWEEP ACCOUNT
MAY 2022
INTEREST & GAIN/(LOSS) SUMMARY
07/31/21 - 04/30/22
05/31/22
TOTAL
TO DATE
922,044.93
145,803.10
1,067,848.03
2,365.21
3,570.62
5,935.83
60,806.59
22,648.81
83,455.40
52.39 97.79
150.18
(86,157.58)
21,831.77
(64,325.81)
2,179.63
2,164.37
4,344.00
13.84 1.37
15.21 (980.49)
37,829.46
36,848.97
1,776,199.71
25,344.04
1,801,543.75
668.85
1,073.60
1,742.45
30,572.80
2,238.37
32,811.17
TOTAL
2,707,765.88
262,603.30
2,970,369.18
PUBLIC AGENCY RETIREMENT OPEB (RESTRICTED FUNDS)
MONTHLY DETAIL
UNREALIZED
GAIN(LOSS)
INTEREST
EXPENSES
TOTAL TO DATE
07/31/21
72,159.51
16,209.55
7,798.09
80,570.97
08/31/21
78,376.25
226,649.13
7,803.57
297,221.81
09/30/21
(701,832.17)
32,470.05
7,828.42
(677,190.54)
10/31/21
556,461.80
103,217.83
7,658.23
652,021.40
11/30/21
(444,017.37)
107,140.01
7,739.72
(344,617.08)
12/31/21
(505,952.98)
989,309.18
7,636.54
475,719.66
01/31/22
(803,834.52)
51,068.27
7,739.67
(760,505.92)
02/28/22
(486,312.38)
136,844.49
7,518.60
(356,986.49)
03/31/22
186,256.94
50,902.70
8,572.56
228,587.08
04/30/22
(1,854,684.93)
62,388.50
9,735.97
(1,802,032.40)
05/31/22
37,101.98
25,344.04
9,259.61
53,186.41
06/30/22
0.00 TOTAL- PUBLIC AGENCY RETIREMENT OPEB
(RESTRICTED FUNDS)
(3,866,277.87)
1,801,543.75
89,290.98
(2,154,025.10)
City of Rialto
INVESTMENT INTEREST & GAINS/(LOSS) SCHEDULE
MAY 2022
GENERAL POOLED FUNDS / INVESTMENTS
RSA BANK SWEEP ACCOUNT INTEREST
GENERAL FUND ECONOMIC RESERVE (RESTRICTED FUNDS)
PUBLIC AGENCY RETIREMENT OPEB (RESTRICTED FUNDS)
CASH W/FISCAL AGENTS - (RESTRICTED BOND ISSUES)
CASH W/FISCAL AGENTS - RUA (CONCESSION AGREEMENT)
RUA PRE-EXISTING / INVESTMENTS
OTHER BANK ACCOUNTS
ESCROW ACCOUNTS
CEMETERY ENDOWMENT (RESTRICTED ACCOUNTS)
PEPPER AVENUE EXTENSION (RESTRICTED ACCOUNTS)
City of Rialto
TREASURER’S REPORT
-
GLOSSARY OF TERMS
A
ccrue
d
I
n
terest
‐
T
h
e
i
n
ter
e
s
t
tha
t
ha
s
acc
u
m
u
lated
o
n
a
b
o
n
d
si
n
ce
th
e
last
i
n
te
r
e
st
pay
me
n
t
u
p
to
,
bu
t
n
o
t
i
n
cl
ud
i
n
g,
th
e
se
ttl
e
me
n
t
dat
e
.
A
c
crued
i
n
terest
occ
u
r
s
a
s
a r
e
s
u
lt
o
f
th
e
d
i
ff
e
r
e
n
ce
in
t
i
m
i
n
g
o
f cash
flo
w
s
an
d
th
e
me
a
s
u
r
em
e
n
t
o
f
th
es
e
cash
fl
o
ws.
Call Date
-
Th
e
call date
is the
date
on which a bond can be redeemed before maturity. If the issuer feels there is a benefit to refinancing the issue, the bond may be
redeemed on the
call date
at par or at a small premium to par.
Coupon Rate
-
A coupon rate is the yield paid by a
fixed
-
income
security; a fixed
-
income security's coupon rate is
simply just the annual coupon
payments paid by the issuer relative to the bond's face or par value.
Credit Rating
-
The
credit rating
is a financial indicator to potential
investors
of debt securities such as bonds. These are assigned by
credit
rating
age
ncies such as Moody's, Standard & Poor's, and Fitch, which publish code designations (such as AAA, B, CC) to express their as sessment of
the risk quality of a
bond.
O
r
igi
n
a
l
Cost
/Amount Invested
‐
T
h
e
origi
n
al
c
o
s
t
o
f
a
n
a
s
s
e
t
tak
e
s
i
n
to
co
n
s
i
d
eration
all
o
f
th
e
costs
tha
t
c
a
n
b
e
attribut
e
d
to
its
pur
c
h
a
s
e
an
d
to
putt
i
n
g
th
e
a
sse
t
to
u
se
.
Market Value
-
is the price an asset would fetch in the marketplace, or the value that the investment community gives to a particular equity
or
business.
Par
Val
u
e
‐
T
h
e
f
a
c
e
v
a
l
u
e
o
f a
bond
.
Par
v
a
l
u
e
is
im
p
orta
n
t
f
or
a
bon
d
o
r
fixe
d
‐
i
n
come
i
n
str
u
me
n
t
b
e
c
a
u
s
e
it
d
e
t
e
r
m
i
n
e
s
i
t
s
m
a
turity
v
a
l
u
e
a
s
w
e
ll
a
s
th
e
d
ollar
v
a
l
u
e
o
f
co
upon pay
me
n
t
s
.
Realized Gain/
(
Loss
)
-
Realized gain/loss
is the cumulative amount of
realized gains
and
losses
resulting from the sale of securities. A
realized
loss
is the monetary value of a
loss
that results from a trade
StageCoach Sweep Account
–
A sweep account automatically transfers
cash funds into a safe but higher interest
-
earning investment option at the
close of each business day, e.g. into a money market fund.
Sweep accounts try to minimize idle cash drag by capitalizing on the immediate availability of higher
-
interest accounts.
City of Rialto
TREASURER’S REPORT
-
GLOSSARY OF TERMS
U
nr
ealiz
e
d
Gai
n
s
/
(L
o
ss)
‐
a
p
rofita
b
le/(l
o
si
n
g)
pos
i
t
i
o
n
tha
t
ha
s
y
e
t
to
b
e
cas
h
e
d
i
n
.
T
h
e
a
ct
ua
l
gai
n
/(lo
s
s
)
is
no
t
reali
z
e
d
unt
il
th
e
po
s
i
t
i
o
n
is
close
d
.
A
po
s
i
t
i
o
n
with
a
n
un
re
a
lized gain
m
a
y
e
v
e
n
t
ua
lly
turn
i
n
to
a
po
s
i
t
i
o
n
with
a
n
un
re
a
lized
l
o
ss
,
a
s
th
e
m
a
r
k
et
fl
u
ct
ua
t
e
s
an
d
v
i
c
e
v
e
r
s
a.
Yield
‐
T
h
e
i
n
co
m
e
return
o
n
a
n
i
n
ves
t
me
n
t.
T
h
i
s
r
e
fe
r
s
to
th
e
i
n
ter
e
st
o
r
d
i
v
i
d
e
nd
s
r
e
c
e
i
ve
d
fr
o
m
a
s
e
c
u
rity
an
d
is
ex
p
r
e
s
se
d
a
s
a
p
e
r
c
e
nta
ge
bas
e
d
o
n
th
e
i
n
ves
t
me
n
t
'
s
cost
and
its
current
m
a
r
k
et
v
a
l
u
e.