Agenda packet, regular meeting, first session — Santa Fe Springs City Council, November 7, 2023 (part 2 of 2)

The current purchasing ordinance contains provisions that are not otherwise legally required that create issues of inefficiency or impossibility for staff in the procurement of supplies, equipment, and services. Such provisions include requiring individual vehicle purchases costing $25,000 or more be approved by the City Council, which has caused staff to be unable to meet dealer purchasing windows; requiring an RFP process for professional services agreements, when such agreements are expressly exempt from bidding requirements by state law; and requiring at least three written proposals for procurement of services of an estimated value of $25,000 or more, when the city cannot control responses to an RFP.

The current purchasing ordinance also contains dollar threshold amounts that are inconsistent with current costs and create administrative inefficiencies and hamper City staff’s ability to respond quickly to meet the City’s needs. These include a bidding process for purchases over $1,000 and a requirement for City Council approval of contracts over $25,000.

The current purchasing ordinance also contains provisions inconsistent with state law or not legally supported.

ENVIRONMENTAL
None.

DISCUSSION
Ordinance No. 1133 (attached hereto as Attachment A) revises the purchasing procedures and includes the following noteworthy changes:
• Authorizes the City Manager to procure supplies, equipment, and services up to $50,000. The current ordinance provides the Purchasing Officer authority to procure supplies and equipment up to $25,000 and the City Manager authority to procure professional and consultant services up to $25,000. • Authorizes department heads as well as the Purchasing Officer to procure supplies, equipment, and services up to $25,000.
• Provides that vehicle purchases that have been approved by the City Council as part of the budget process do not need to be submitted to the City Council for approval.
• Removes requirement that contracts with a term longer than one year must be approved by the City Council.
• Allows procurement up to $50,000 to be by purchase order or negotiated contract without bidding but with efforts to obtain at least three quotations or proposals. The current ordinance allows for the Purchasing Officer to procure supplies and equipment up to $25,000 in the open market based on at least three bids wherever possible.
• Provides for a formal competitive bidding process for procurement over $50,000.

CITY COUNCIL AGENDA REPORT – MEETING OF OCTOBER 17, 2023 Amendment of Chapter 34 of the Code of Santa Fe Springs Relating to Purchasing

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• Sets forth requirements for public works and construction projects consistent with the current requirements of the Public Contract Code, including the Uniform Public Construction Cost Accounting Act. Includes authority for the City Manager to approve informally bid construction projects per the thresholds contained in the Uniform Public Construction Cost Accounting Act. These thresholds get periodically updated and the current threshold for informal bidding is $200,000.

The current ordinance provides the City Manager authority to award construction contracts up to $100,000.
• Exempts from bidding procedures professional services, cooperative or piggyback purchasing, sole source purchases, and other specified circumstances where competitive bidding is not required by state law. Expands on cooperative or piggyback purchasing situations.
• Removes local preference provisions that have not been effective and may not be supported by law, with the intent that the issue of local preference will be studied for potential future inclusion.
• Provides clear authority for the City Manager to adopt administrative regulations consistent with the purchasing ordinance, and removes administrative provisions that are outdated and may be addressed by adoption of administrative regulations. • Reorganizes requirements for clarity and removes language duplicative of state law.

The attached ordinance contains the following additional clean-up changes:
1) Section 34.21(B) and (C) have been amended to provide that the City Manager, department heads, and the Purchasing Officer may delegate their respective approval authority to a “designee.” This is to cover situations where those individuals may not be available to issue approvals, in order to avoid unnecessary or undesired delays.
2) Section 34.22 has been reorganized so that Subsection (B)(3) is now Subsection (D)(2) and the reference to the Public Contract Code has been revised to correctly refer to Section 22034(d) rather than Section 22032(d).

SUMMARY/NEXT STEPS
Ordinance No. 1133 will go into effect 30 days after adoption.

ATTACHMENT(S):

Attachment A – Ordinance No. 1133: AN ORDINANCE OF THE CITY OF SANTA FE SPRINGS AMENDING CHAPTER 34 (FINANCE AND REVENUE) OF TITLE III OF THE

CODE OF SANTA FE SPRINGS RELATING TO PURCHASING
CITY COUNCIL AGENDA REPORT – MEETING OF OCTOBER 17, 2023 Amendment of Chapter 34 of the Code of Santa Fe Springs Relating to Purchasing

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ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

ATTACHMENT A APPROVED:

ITEM NO.:
1 ST READING:
2 ND READING:

ORDINANCE NO. 1133
AN ORDINANCE OF THE CITY OF SANTA FE SPRINGS AMENDING CHAPTER 34 (FINANCE AND REVENUE) OF TITLE III OF THE CODE OF SANTA FE SPRINGS

RELATING TO PURCHASING

THE CITY COUNCIL OF THE CITY OF SANTA FE SPRINGS DOES ORDAIN AS FOLLOWS:

SECTION 1. Sections 34.15 through 34.38 of Chapter 34 of Title III of the Code of Santa Fe Springs are hereby deleted in their entirety and replaced with the following:

PURCHASING
§ 34.15 ESTABLISHMENT OF PURCHASING SYSTEM.

There is hereby established a purchasing system to set efficient procedures for the purchase of supplies, equipment, and services; to secure for the city supplies, equipment, and services at the lowest competitive cost commensurate with the quality needed; to exercise positive financial control over purchases; and to clearly define authority for the purchasing functions.
§ 34.16 PURCHASING OFFICER; POWERS AND DUTIES.
(A) There is hereby created the position of Purchasing Officer, who shall be appointed by the City Manager. The duties of the Purchasing Officer may be combined with those of any other office or position.
(B) The Purchasing Officer of the city, or designee(s), shall have the authority and duty to do the following:
(1) Purchase or contract for supplies, equipment, and services required by any department in accordance with purchasing procedures prescribed by this subchapter, such administrative regulations as the Purchasing Officer shall adopt, and such other rules and regulations as may be prescribed by the City Council or City Manager. (2) Request quotations, negotiate, and recommend execution of contracts for the purchase of supplies and equipment.
(3) Act to procure for the city the needed quality and quantity of supplies and equipment at least cost to the city.
(4) Discourage uniform bidding and endeavor to obtain as full and open competition as possible on all purchases.
(5) Prepare and recommend to the City Manager rules governing the purchase of supplies and equipment for the city.
2 (6) Prepare and recommend to the City Manager revisions and amendments to the purchasing rules.
(7) Keep informed of current developments in the field of purchasing, prices, market conditions, and new products.
(8) Prescribe and maintain such forms as are reasonably necessary to the operation of the purchasing system.
(9) Supervise the inspection of all supplies and equipment purchased, to ensure conformance with specifications.
(10) Recommend the transfer of surplus or unused supplies and equipment between departments as needed and the sale of all supplies and equipment which cannot be used by any department, or which have become unsuitable for city use. (11) Maintain a bidders' list, vendors’ catalog file, and records needed for efficient operation of the city’s purchasing system.
(12) Establish and maintain inventory, storage, and distribution systems. (13) Support the various departments to enable them to provide their services to the community in a timely manner.
§ 34.17 ADMINISTRATIVE REGULATION.

The City Manager or designee is authorized to adopt written administrative regulations and instructions that are consistent with and that further the terms and requirements set forth within this subchapter. The City Manager or designee from time to time may amend any or all such rules and regulations necessary for the operation of this subchapter.
§ 34.18 PURCHASE BY BIDDING REQUIRED GENERALLY; EXCEPTIONS.

Purchases of supplies, equipment, and services shall be made pursuant to the procedures set forth in this subchapter, except for the following:
(A)Professional and special services, including, but not limited to, financial, economic, accounting, engineering, legal, administrative, technology, education and instruction, medical, and entertainment.
(1) Professional services of private architectural, landscape architectural, engineering, environmental, land surveying, or construction project management firms are required to be on the basis of demonstrated competence and on the professional qualifications necessary for the satisfactory performance of the services required and 3 need not be competitively bid for the lowest price, but shall be procured through a fair competitive selection process.
(B) Cooperative or piggyback purchasing, which may consist of the following:
(1) Cooperative purchasing with other public agencies, and with nonprofit groups or organizations established by public entities, provided that a competitive bidding process is used.
(2) Contracts with suppliers who have been awarded contracts by the state or other local agencies for the purchase of supplies, equipment, and services under a competitive bidding process.
(3) Purchasing supplies, equipment, or services through bid award lists of others, provided that competitive purchasing procedures similar to those required in the city were employed to create such bid award lists.
(C)Sole source, where the supplies, equipment, or services are unique and available only from one source, or where it would be undesirable or impossible for the city to solicit bids. Sole source procurements may include proprietary items sold directly from the manufacturer, items that have only one distributor authorized to sell in the area, or a specified product determined to be the only acceptable product for the city’s needs. (D)Except where competitive bidding is required by federal or state law or funding regulations, equipment, supplies, and services may be procured by negotiated contract and without competition, when bidding is not likely to serve the best interests of the city or to result in the lowest price.
(E)Any procurement for goods that are procured from a bidder who offers the same or better price, terms, and conditions as the bidder previously offered as the lowest responsive bidder under a competitive procurement conducted by the city or another public agency under competitive purchasing procedures similar to those required in the city.
(F) Where the City Council by a four-fifths vote determines to dispense with bidding or other requirements with respect to a particular purchase of supplies, equipment, or services, upon a finding by the City Council that it would be impractical, useless, or uneconomical in such instance to follow bidding or other requirements, and that the welfare of the public would be promoted by dispensing with such bidding or other requirements.
4 (G) Where competitive bidding is not required by state law in specified circumstances, including, but not limited to, emergency purchases and design-build projects.
§ 34.19 PROCUREMENTS $50,000 OR LESS.

Supplies, equipment, and services less than or equal to $50,000 may be procured by purchase order or negotiated contract and need not be publicly bid but shall be procured at a reasonable price in a manner that best meets the needs of the city. Where possible, efforts shall be made to seek at least three quotations or proposals for the supplies, equipment, or services.
§ 34.20 PROCUREMENTS EXCEEDING $50,000.

Except as otherwise provided in this subchapter, procurement of supplies, equipment, and services greater than $50,000 shall be by formal competitive bidding process as set forth herein and awarded to the responsive, responsible bidder who best meets the city’s needs based on the criteria specified in the formal solicitation. (A) Solicitation Notice. Notices inviting bids, requesting proposals, or requesting qualifications and experience shall include a general description of the supplies, equipment, or services to be procured, describe how to obtain more detailed information, state where bid forms and specifications may be obtained and state the time and place for submission of bids, proposals, or statements of qualifications and experience.
(B) Review. All responses shall be reviewed and evaluated as set forth in the criteria in the notice inviting bids, requesting proposals, or requesting qualifications and experience. The proposer with the highest evaluated score shall be recommended for award to the City Council.
(C) Rejection of Bids/Responses. Any and all bids or responses may be rejected at the discretion of the city. After rejecting all bids or responses, the city may:
(1) Abandon the project;
(2) Re-advertise the project; or
(3) Perform the work with city forces.
(D)Tie bids. If two or more bids received are for the same total amount or unit price, quality, and service being equal, and if the public interest will not permit the delay of a new solicitation for bids, the City Council may accept the one it chooses or accept the lowest bid made by negotiation with the tie bidders.
5 § 34.21 APPROVAL OF PURCHASE ORDERS, CONTRACTS, CONTRACT AMENDMENTS AND CHANGE ORDERS.

The approval authority for all purchase orders, contracts, contract amendments and change orders, except for emergencies and public works and construction projects, shall be as follows:
(A)All purchase orders or contracts in excess of $50,000 or change orders or amendments that cause the total contract or purchase order to exceed $50,000 shall be submitted to the City Council for approval. However, vehicle purchases that have been approved by the City Council as part of the budget process do not need to be submitted to the City Council for approval.
(B) The City Manager or designee shall have the authority to execute, on behalf of the city, all purchase orders or contracts for supplies, equipment, and services in an amount not exceeding $50,000 per purchase order or contract, so long as the proper procurement procedures set forth in this subchapter have been followed. The City Manager shall have the authority to approve in writing any change order or amendment to such purchase order or contract so long as the total purchase order or contract amount does not exceed $50,000.
(C)Department heads and the Purchasing Officer or their respective designees shall have the authority to execute, on behalf of the city, all purchase orders or contracts for supplies, equipment, and services in an amount not exceeding $25,000 per purchase order or contract, so long as the proper procurement procedures set forth in this subchapter have been followed. Department heads and the Purchasing Officer shall have the authority to approve in writing any change order or amendment to such purchase order or contract so long as the total purchase order or contract amount does not exceed $25,000.
(D) After the effective date of any contract approved by the City Council for the procurement of supplies, equipment, or services, the City Manager shall have authority to approve in writing any amendment or change order directing an addition, deletion or revision in such contract, including, without limitation, plans, specifications, and the nature or quantity of services, equipment, supplies or work, so long as the cumulative dollar value of all such amendments or change orders relating to any one contract shall not exceed ten (10) percent of the contract price, unless City Council has authorized a different amount for a specific contract.
§ 34.22 PUBLIC WORKS AND CONSTRUCTION PROJECTS.

Contracts for public works and construction projects in the city shall be governed by applicable state laws including the California Public Contract Code, Division 2, Part 1 and Division 2, Part 3, the Local Agency Public Construction Act, including the Alternate Provisions of the Uniform Public Construction Cost Accounting Act. 6 (A)Bidding Thresholds.
(1) Construction projects less than the amount specified in Section 22032(a) of the California Public Contract Code may be performed by city forces, by negotiated contract or by purchase order.
(2) Construction projects less than the amount specified in Section 22032(b) of the California Public Contract Code may be let to contract by informal bidding procedures, set forth in subsection (B) below, to the lowest responsible bidder. (3) Construction projects of more than the amount specified in Section 22032(c) of the California Public Contract Code shall be let by formal bidding procedure, set forth in subsection (C) below, to the lowest responsible bidder. (4) It shall be unlawful to split projects into smaller work orders or projects for the purpose of evading the provisions of this subchapter or applicable state laws. (B) Notice Inviting Bids, Informal Bidding. The notice inviting bids shall describe the project in general terms and how to obtain more detailed information about the project, and state the time and place for the submission of bids. Notice shall be provided in accordance with either subsection (1) or (2) below, or both. (1) The city shall maintain a list of qualified contractors, identified according to categories of work. All contractors on the list for the category of work being bid shall be mailed, faxed, or emailed a notice inviting informal bids unless the product or service is proprietary. All mailing of notices to contractors pursuant to this subdivision shall be completed not less than ten (10) calendar days before bids are due. (2) The city may elect to mail, fax, or email a notice inviting informal bids to all construction trade journals specified in Section 22036 of the California Public Contract Code.
(C)Notice Inviting Bids, Formal Bidding. Notices inviting formal bids shall state the time and place for the receiving and opening of sealed bids and distinctly describe the project. The notice shall be published at least 14 calendar days before the date of opening the bids in a newspaper of general circulation, printed and published in the city; or, if there is no newspaper printed and published within the city, in a newspaper of general circulation which is circulated within the city, or, if there is no newspaper which is circulated within the city, publication shall be by posting the notice in at least three places within the city as have been designated by ordinance or regulation of the city as places for the posting of its notices. The notice inviting formal bids shall also be sent electronically, if available, by either facsimile or electronic mail and mailed to all construction trade journals specified in Section 22036 of the Public Contract Code. The notice shall be sent at least 15 calendar days before the date of opening the bids. In addition, the City may also give such other notice as it deems proper, including mailing or e-mailing the notice to prospective vendors and contractors. 7 (D) Award of Bid.
(1) The City Manager, or designee, has the authority to award informal bids up to the amount specified in Section 22032(b) of the California Public Contract Code. All formal bids shall be awarded by the City Council. A bid shall be awarded to the lowest responsible bidder. If two or more bids are the same and the lowest, the city may accept the one it chooses.
(2) Pursuant to Section 22034(d) of the California Public Contract Code, the City Council may, by adoption of a resolution by a four-fifths vote, award the contract to the lowest responsible bidder at an amount within the limit set forth in Section 22034(d), if all the bids received are in excess of the amount set forth in Section 22034(d), if it determines the cost estimate of the public agency was reasonable. (E) Rejection of Bids. Any and all bids may be rejected at the discretion of the city. If the city intends to reject all bids, notice of the City’s intent to reject the bid must be given to the apparent low bidder at least two business days prior to the City Council meeting at which the bids will be considered. After rejecting all bids, the City may:
(1) Abandon the project;
(2) Re-advertise the project; or
(3) By a passage of a resolution by a four-fifths vote of the City Council, perform the work with city forces.
(F) No Bids. If no bids are received through the formal or informal procedure, the project may be performed by the employees of the city by force account, or by negotiated contract.
(G) Change Orders. Change orders are authorized as follows:
(1) The Director of Public Works or designee is authorized to approve one or more change orders not exceeding in aggregate 10 percent of the contract award amount.
(2) The City Manager is authorized to approve one or more change orders not exceeding in aggregate 15 percent of the contract award amount. (3) City Council approval is required for change orders that increase the cost of the project beyond 15 percent of the contract award amount. § 34.23 EMERGENCY PROCUREMENT.

Pursuant to Section 22050 of the Public Contract Code, in the case of an emergency, the City Manager is authorized to repair or replace a public facility, take any directly related and immediate action required by that emergency, and procure the necessary 8 equipment, services, and supplies for those purposes, without giving notice for bids to let contracts, so long as the requirements of Section 22050 are met. § 34.24 SALE OF SURPLUS CITY PROPERTY.

All departments shall submit to the Purchasing Officer, at such times and in such forms as prescribed, reports showing all supplies and equipment which are no longer used or which have become obsolete or worn out. The Purchasing Officer shall have authority to sell all supplies and equipment which cannot be used by any department or which have become unsuitable for city use, or to exchange the same for, or trade in the same on, new supplies and equipment.

SECTION 2. Any provision of the Code of Santa Fe Springs inconsistent with the provisions of this Ordinance, to the extent of such inconsistencies and no further, is hereby repealed or modified to that extent necessary to effect the provisions of this Ordinance.

SECTION 3. If any section, subsection, phrase, or clause of this Ordinance is for any reason held to be unconstitutional, such decision will not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have passed this Ordinance and each section, subsection, phrase or clause thereof irrespective of the fact that any one or more sections, subsections, phrases, or clauses may be declared unconstitutional.

SECTION 4. The City Clerk shall certify to the adoption of this Ordinance, including the vote for and against and shall post a certified copy of this ordinance, within 15 days after its passage to be posted in at least three (3) public places within the City as established by ordinance, and, in compliance with Section 36933 of the Government Code.

PASSED and ADOPTED this ___ day of _______, 2023, by the following roll call vote:

AYES:

NOES:

ABSENT:
___________________________
ATTEST: Juanita Martin, Mayor
_____________________________
Fernando Munoz, Deputy City Clerk
ITEM # 15

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members
FROM: René Bobadilla, P.E., City Manager
BY: Maricela Balderas, Director of Community Services
Deborah Raia, Library Services Manager
SUBJECT: PACKARD STAY AND PLAY GRANT PAYMENT ACCEPTANCE FOR

SANTA FE SPRINGS (SFS) CITY LIBRARY
DATE: November 7, 2023
RECOMMENDATION(S):

It is recommended that the City Council:
1) Approve and authorize the Director of Community Services to request and accept payment of Packard Stay & Play grant funds for the SFS City Library, issued by the Califa Group.

FISCAL IMPACT
The SFS Library will receive $4,500 in Califa Group grant funds to implement the 2024 Stay & Play library program. There is no impact to the General Fund.

BACKGROUND
The Califa Group is a nonprofit library membership consortium of more than 200 libraries and is the largest library network in California. One of their functions is to provide and administer grants to local libraries, including the Packard Foundation’s Stay & Play grant.

The Stay & Play grant program provides funding to implement a library service model that supports and engages informal caregivers and the children in their care. More specifically, Stay & Play includes programming designed for informal caregivers, helping them learn, develop relationships, and build connections to their library and community resources.

SFS Library staff applied for the Stay & Play grant in mid-2023, and were notified of grant award in September 2023.

CITY COUNCIL AGENDA REPORT – MEETING OF NOVEMBER 7, 2023 Packard Stay & Play Grant Payment Acceptance for SFS City Library

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ANALYSIS
The Stay & Play program will benefit the community by offering programs for and support to the local network of child caregivers. These programs would provide the community’s children and caregivers a dedicated space for enhanced socialization, learning, and literacy experiences. In addition, children and caregivers will be given opportunities to meet others who share their interest in activities that center on socioemotional well-being.

Stay & Play programming will similarly further educational experiences and information sharing that benefit children by nurturing a love of literacy and life-long learning. Through play, children will engage in activities that build school-readiness skills, while caregivers are provided with mentorship, guidance, and tools to foster the growth and development of children under their care.

Introduction of Stay & Play at the SFS library would also increase awareness of community organizations that provide family and child services. Community partners will be given opportunities to promote information about their resources to participating caregivers.

ENVIRONMENTAL
N/A

DISCUSSION
N/A

SUMMARY/NEXT STEPS
If approved, the SFS Library will receive $4,500 in grant funds to implement Stay & Play programs in early 2024.

ATTACHMENT(S):

A. Attachment A – Email dated September 15, 2023 from Califa re: Stay & Play B. Attachment B – Stay & Play Payment Claim Form – 2023-2024 CITY COUNCIL AGENDA REPORT – MEETING OF NOVEMBER 7, 2023 Packard Stay & Play Grant Payment Acceptance for SFS City Library

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ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

Attachment A
Attachment B
califa CLAIM FORM 2023-24
Packard Stay & Play Grt,mt #2022-74249
Library: Santa Fe Springs City Library
I tlerel>y request payment as a participant in t.f'\e Packard Foundation funded Stay & Play pro;ecL These funds w:11 be used for expenses, incurred by June 30, 2024, Q implement,ng my library jurisdiction's Stay & Play program(s). S 4,500.0 Signature J¼·u4,_ ~
Name 1-1 A:fA Ge-(,,, A- mt.--0 £;~
Payable to: N/A
(If different than above)
Tille
Date
{)1 /e,c,,fp V 8£ /4wzwul n <fy 5er0~
/D/31/4.;3
'1 1700 Telegraph Rd, Santa Fe Springs, CA 90670
Address:
---------------------------- Approved by Paula MacKinnon Paula
Signature MacKinnon
D .,.---i.t, 111r.,•MJ L-. P•~
,.t.u-.1,,U't
c.. :t!.j ;u _ ,s.:J:.1:-'".1
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----------
EMAIL one scanned. signed copy for review
to: [email protected]
Then MAIL one original signature to:

Gal1fa Group
Attn: Paula MacKinnon
330 T 0Y1nsend St Suite 133
San Francisco CA, 94107
Date 10/30/23
ITEM # 16

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members
FROM: René Bobadilla, P.E., City Manager
BY: Lana Dich, City Treasurer
SUBJECT: TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED SEPTEMBER 30, 2023
DATE: November 7, 2023
RECOMMENDATION(S):

It is recommended that the City Council:
1) Receive and file the report.

FISCAL IMPACT
Investment earnings for the quarter ended September 30, 2023 amounted to $1,462,564.09.

BACKGROUND/DISCUSSION
Beginning January 2016, the City retained PFM Asset Management LLC (“PFMAM”) to manage $20.8 million of the City’s reserve funds (“managed portfolio”).

Based on a cash flow analysis and discussion with PFMAM and the City Council Audit Subcommittee, an additional $10.0 million of the City’s reserve funds were added to the portfolio in May 2017, and $35.0 million in January 2023 bringing the total principal invested to $65.8 million.

At the end of each calendar quarter, PFMAM provides a detailed written report covering general market conditions as well as the balances and transactions of the City’s portfolio for the previous quarter. PFMAM’s detailed report is attached to this Treasurer’s Report.

CITY COUNCIL AGENDA REPORT – MEETING OF NOVEMBER 7, 2023 Treasurer’s Report of Investments for the Quarter Ended September 30, 2023

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Ms. Sarah Meacham, Director with PFMAM, along with her staff, have also regularly provided an update, including a detailed review of the results of the portfolio for the quarter, a discussion of the investment strategies and policies which govern the City’s portfolio, and general market conditions. While this update is typically made to City staff, PFMAM also provided an update the City Council Audit Subcommittee, currently consisting of Mayor Pro Tem Sarno and Councilmember Rounds.

ANALYSIS
The City’s managed portfolio generated interest income in the amount of $399,050 for the most recent quarter. The interest income represents actual cash receipts received by the City, plus the amortization of any discounts or premiums, as well as realized gains and losses. The figure does not include unrealized gains or losses (i.e. changes in market value).

The overall performance of the City’s managed portfolio account is expressed in a “yield” and “total return”. The yield is a forward-looking measurement which shows the income and dividends on the investments to be expected in the future based on current holdings, expressed as an annual rate of return. The City’s yield (at cost value) at September 30, 2023 was 3.53%, increase from 3.30% the previous quarter.

Total return on the other hand, is a backward-looking measurement focused on not only interest earned, but also realized and unrealized gains/losses. Realized gains/losses result from selling a security at a price higher or lower than was actually paid to purchase it. Unrealized gains/losses result from market value increases and decreases in security values for securities which are still held in the portfolio.

Of particular importance to the City’s portfolio is the inverse relationship between yield and market value. In general, when yields go up, market values go down, and vice versa.

For example, if the City is holding a bond which pays 1.0% and the market yield increases to 1.1% the market value of the City’s 1.0% security will decline so that an investor purchasing the security would pay a price below face value which would cause the security to yield 1.1% even though it only pays 1.0%. If held until maturity, the security would pay the full face value along with the 1.0% stated interest throughout the term. In other words, “unrealized” gains/losses are not “realized” unless the security is actually sold prior to maturity.

The yield at June 30, 2016 was 1.25% and rose to 3.53% as of September 30, 2023. This has resulted in unrealized losses, however, it is important to point out that the investments continue to pay the stated interest on the security. The unrealized losses simply represent the amount that the City would lose, if the security was sold in the current market conditions. It is not an actual loss of the City’s principal value invested. It is also important to remember that rising yield markets are good in the sense that as securities mature, they are replaced with higher rate securities, increasing the overall interest income of the portfolio.

CITY COUNCIL AGENDA REPORT – MEETING OF NOVEMBER 7, 2023 Treasurer’s Report of Investments for the Quarter Ended September 30, 2023

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Because the total return (as opposed to the yield) takes into account realized and unrealized gains/losses, it is generally compared against a target benchmark to evaluate portfolio performance. The City’s benchmark is the 1-5 Year U.S. Treasury Index. The total return for the City’s portfolio for the quarter ended September 30, 2023 was 0.33% vs. the benchmark’s total return of 0.23%; the City’s portfolio outperformed the benchmark by 0.10%. Since inception of the managed portfolio (January 2016) the total return for the City’s portfolio was 0.94% vs. the benchmark total return of 0.62% through September 30, 2023.

Aside from the PFMAM managed portfolio, the City’s other investments are the Local Agency Investment Fund (“LAIF”), a pooled investment fund managed by the California State Treasurer; the California Asset Management Program (“CAMP”), a pooled investment fund managed by PFMAM; and the First American Treasury Obligations Fund, a U.S. Treasury money market fund (“MMF”) used by the City’s bond trustee. LAIF returned an annualized rate of 3.59% for the quarter while CAMP returned 5.55% and the MMF returned 4.81%. Interest earnings for the quarter amounted to $214,363, $664,396, and $184,755, respectively, for the LAIF, CAMP, and the MMF accounts.

ENVIRONMENTAL
None.

SUMMARY/NEXT STEPS
The attached Treasurer’s Report contains all investments under the control of the City.

The investments, at market value, are summarized as follows:

Pooled Cash and Investments $ 138.7 million
Successor Agency Bond Funds 18.5 million
Bonds Reserves and Debt Service 3.3 million
Total Investments $ 160.5 million
Pooled cash and investments consist of the PFMAM managed account, LAIF, and CAMP.

The Successor Agency bond funds are held in LAIF and are the source of funds for ongoing capital improvement projects. Spending on multiple capital projects has occurred and these funds will be drawn down for deposit into the City’s pooled cash and investments.

The bond reserves and debt service funds consist of the MMF accounts held, as required, by the City’s third party trustee, U.S. Bank. These funds are held for debt service payments and reserves for bond issuances of the Water Utility Authority, the Successor Agency, and the Heritage Springs Assessment District.

The investments, at market value, are summarized by type as follows:

CITY COUNCIL AGENDA REPORT – MEETING OF NOVEMBER 7, 2023 Treasurer’s Report of Investments for the Quarter Ended September 30, 2023

Page 4 of 4 ends

PFMAM Managed Portfolio $ 67.8 million
LAIF 23.5 million
CAMP 65.9 million
MMF 3.3 million
Total Investments $160.5 million
PFMAM and Staff will continue to work with the City Council Audit Subcommittee to review any proposed changes to the portfolio make-up.

ATTACHMENT(S):

A. Attachment A – Treasurer’s Report of Investments (Quarter Ended September 30, 2023)
B. Attachment B – PFMAM Investment Performance Review (Quarter Ended September 30, 2023)
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

QUARTERLY

BEGINNING DEPOSITS/ WITHDRAWALS/ ENDING MARKET INVESTMENT ANNUAL

DESCRIPTION BALANCE PURCHASES SALES BALANCE VALUE EARNING YIELD POOLED INVESTMENTS:

PFM MANAGED PORTFOLIO (1) $ 69,867,627.80 $ 8,603,232.37 $ 8,257,178.58 $ 70,213,681.59 $ 67,785,274.30 $ 399,050.00 3.53% CALIFORNIA ASSET MANAGEMENT PROGRAM 67,182,162.18 46,664,395.87 47,900,000.00 65,946,558.05 65,946,558.05 664,395.87 5.55% LOCAL AGENCY INVESTMENT FUND 5,000,050.47 60,494.06 - 5,060,544.53 4,991,254.23 45,607.08 3.59% SUBTOTAL POOLED INVESTMENTS 142,049,840.45 55,328,122.30 56,157,178.58 141,220,784.17 138,723,086.58 1,109,052.95 SUCCESSOR AGENCY BOND FUNDS (2):

LOCAL AGENCY INVESTMENT FUND 18,568,318.81 145,787.32 - 18,714,106.13 18,457,867.70 168,756.28 3.59% SUCCESSOR AGENCY FUNDS:

LOCAL AGENCY INVESTMENT FUND 0.96 - - 0.96 0.95 - 3.59% INVESTMENTS HELD BY FISCAL AGENT (3):

U.S. BANK CORPORATE TRUST MONEY MARKET FUNDS:

First American Treasury Obligations Fund Class D:

City of Santa Fe Springs 570,672.70 6,718.03 - 577,390.73 577,390.73 6,718.03 4.81% Successor Agency
14,988,660.70 175,918.80 12,556,190.63 2,608,388.87 2,608,388.87 175,918.80 4.81% Heritage Springs Assessment District 173,970.73 135,109.10 135,730.00 173,349.83 173,349.83 2,118.03 4.81% Subtotal First American Treasury Obligations Fund Class D 15,733,304.13 317,745.93 12,691,920.63 3,359,129.43 3,359,129.43 184,754.86 SUBTOTAL INVESTMENTS HELD BY FISCAL AGENT (U.S. BANK) 15,733,304.13 317,745.93 12,691,920.63 3,359,129.43 3,359,129.43 184,754.86 TOTAL INVESTMENTS $176,351,464.35 $ 55,791,655.55 $ 68,849,099.21 $ 163,294,020.69 $160,540,084.66 $1,462,564.09 Notes:
(1) See attached report prepared by PFM, the City's investment manager, for detailed analysis of the managed portfolio. All information except for the market value is reported on the amortized cost basis. Investment earnings on the amortized cost basis do not include unrealized gains and losses. (2) Unspent bond proceeds of the former redevelopment agency to be used for ongoing capital improvement projects. (3) Fiscal agent accounts are held by U.S. Bank as Trustee for debt service reserves and payment of bond principal and interest.

CERTIFICATION:

The investment transactions are in compliance with the investment policy approved by the City Council.

There is sufficient liquidity within the portfolio to meet all anticipated expenditures for the next six months.

LANA DICH, CITY TREASURER

CITY OF SANTA FE SPRINGS

TREASURER'S REPORT OF INVESTMENTS
QUARTER ENDED SEPTEMBER 30, 2023
Investment Performance Review
For the Quarter Ended September 30, 2023
Client Management Team PFM Asset Management LLC
Sarah Meacham, Managing DirectorJames Sims, CFA, Managing DirectorRichard Babbe, CCM, Senior Managing Consultant 213 Market Street
Harrisburg, PA 17101-2141
717-232-2723
633 W 5th St., 25th Floor
Los Angeles, CA 90071
213-415-1699
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public City of Santa Fe Springs
© PFM Asset Management LLC pfmam.com |
Market Update
PFM Asset Management LLC
For the Quarter Ended March 31, 2022
Market Update
▸ The U.S. economy is characterized by:
▹ Stronger than expected growth, supported by a resilient consumer ▹ Inflation that remains stubbornly above the Federal Reserve’s (“Fed”) target range ▹ Continued creation of new jobs by the labor market, albeit at a moderating pace ▸ Fed pauses again in rate hike campaign
▹ After hiking in July, the Federal Reserve held rates steady at the September FOMC meeting as expected
▹ The Fed’s most recent “dot plot” indicated one more rate hike for 2023 and set the stage for interest rates to remain “higher-for-longer”
▹ Updated FOMC economic projections point to stronger GDP growth expectations, higher inflation, and slightly lower unemployment for the remainder of 2023 and into 2024 ▸ Interest rates reached their highest levels since 2006-7 ▹ The U.S. government rating downgrade by Fitch had little impact, although it highlighted growing worry about the erosion of governance standards and fiscal irresponsibility ▹ Treasury yields across the curve rose during Q3. Sticky inflation, a “higher for longer” market consensus, increased Treasury borrowing, and reduced Treasury holdings byChina and Japan weighed especially on the long end of the curve ▹ The next concern is the annual federal budget process and potential for a government shutdown
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC | pfmam.com
Current Market Themes
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
1 City of Santa Fe Springs
Source: Bloomberg, as of August 2023.

For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC | pfmam.com
-2%
0%2%4%6%8%
10%
Aug-20 Nov-20 Feb-21 May-21 Aug-21 Nov-21 Feb-22 May-22 Aug-22 Nov-22 Feb-23 May-23 Aug-23 Factors Contributing to the Consumer Price Index
(CPI YoY)
Services (Ex Food & Energy) Goods (Ex Food & Energy) Food Energy Headline YoY% Inflation Gradually Falling, But Sensitive to
Recently Rising Energy Prices
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
2 Wages Have Caught Up to Inflation Once Again
Source: As of September 2023. St. Louis Federal Reserve Economic Data. Excess job openings refers to the difference in job openings, as reported by JOLTS, and the total number of unemployed workers as reported by the Bureau of Labor Statistics.
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
0%2%4%6%8%
10%12%
2016 2017 2018 2019 2020 2021 2022 2023
Wage Growth vs. Inflation
Year-over-year
Atlanta Fed Wage Growth Tracker Consumer Price Index
Wage growth
exceeds inflation
Inflation exceeds
wage growth
Unemployment Rate (Sept.) 3.8%
Peaked during COVID at 14.7%
Excess Job Openings (Sept.) 3 mil.

For each unemployed worker, there are
approximately 1.5 job openings
Nonfarm Payrolls (Sept.) 336,000
Although the pace has declined, the
economy continues to create jobs at
a healthy pace
Labor Market Stats
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
3 Personal Savings and Consumer Debt Have Returned to Pre-Pandemic Levels Source: Bloomberg and New York Fed Household Debt and Credit Report. Data as of June 30, 2023. (Left chart) Source: Federal Reserve Bank of St. Louis. Data as of April 1, 2023. (Right chart) © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
$0$1$2$3$4$5$6$7$8
2016 2017 2018 2019 2020 2021 2022 2023
Trillions
Personal Savings
Accumulated Excess Savings Drawdowns of Excess Savings
Prepandemic
trend

9.85%

8.31%

9.83%
8%9%
10%11%
Jan-16
May-16
Sep-16
Jan-17
May-17
Sep-17
Jan-18
May-18
Sep-18
Jan-19
May-19
Sep-19
Jan-20
May-20
Sep-20
Jan-21
May-21
Sep-21
Jan-22
May-22
Sep-22
Jan-23
Household Debt Service Payments as a Percent
of Disposable Personal Income
Consumer debt levels have returned to longer-term
historical averages after declining during the pandemic 43-year low
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
4 GDP Remains Surprisingly Robust
Source: St. Louis Federal Reserve Economic Data, Bureau of Economic Analysis. Average economist forecast sourced from Bloomberg. © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
-2.0%
-0.6%

2.7% 2.6%

2.2% 2.1%

3.0%
-3%-2%-1%
0%1%2%3%4%
1Q '22 2Q '22 3Q '22 4Q '22 1Q '23 2Q '23 3Q '23
U.S. Real GDP
GDP Contributors 1Q ‘22 2Q ‘22 3Q ‘22 4Q ‘22 1Q ‘23 2Q ‘23 Real GDP -2.0% -0.6% 2.7% 2.6% 2.2% 2.1%
Personal Consumption 0.0% 1.3% 1.1% 0.8% 2.5% 0.6%
Private Investment 1.2% -2.1% -1.5% 0.6% -1.7% 0.9%Net Exports -2.6% 0.6% 2.6% 0.3% 0.6% 0.0% Gov’t Expenditures -0.5% -0.3% 0.6% 0.9% 0.8% 0.6%
The U.S. Consumer has
been the backbone of
economic growth; historically being the largest contributor Average
economist
forecast
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
5 3.8% 4.1% 4.1% 4.0% 4.0%
0%1%
2%3%4%5%6%
2023 2024 2025 2026 Longer
Run
Unemployment Rate
June Projections September Projections

2.1%

1.5%

1.8% 1.8% 1.8%
0%1%
2%3%
2023 2024 2025 2026 Longer
Run
Change in Real GDP
June Projections September Projections
The Fed’s Protections for Growth and Employment Were More Upbeat © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
Source: Federal Reserve, latest economic projections as of September 2023.

5.6%

5.1%

3.9%

2.9% 2.5%
0%2%
4%6%8%
2023 2024 2025 2026 Longer
Run
Federal Funds Rate
June Projections September Projections

3.3%

2.5%

2.2% 2.0% 2.0%
0%1%
2%3%4%5%
2023 2024 2025 2026 Longer
Run
PCE Inflation
June Projections September Projections
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
6 Interest Rates Are At Their Highest Levels Since 2006-07 PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
Source: Bloomberg, as of September 30, 2023.

5.45%

5.04%

4.61% 4.57% 4.70%

0.0%1.0%

2.0%3.0%4.0%5.0%6.0%
Yield
Maturity
U.S. Treasury Yield Curve
15 Year RangeSeptember 30, 2023June 30, 2023
3-Month 2-Year 5-Year 10-Year 30-Year
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
7 Sector Yield Spreads
PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
Source: ICE BofAML 1-5 year Indices via Bloomberg, MarketAxess and PFMAM as of September 30, 2023. Spreads on ABS and MBS are option-adjusted spreads of 0-5 year indices based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries.

CMBS is Commercial Mortgage-Backed Securities and represented by the ICE BofA Agency CMBS Index.

0.0%0.2%0.4%0.6%0.8%
Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Federal Agency Yield Spreads
Bullet Callable

0.0%0.2%0.4%0.6%0.8%1.0%1.2%
Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Corporate Notes A-AAA Yield Spreads

0.0%0.2%0.4%0.6%0.8%1.0%
Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Mortgage-Backed Securities Yield Spreads
Agency MBS Agency CMBS Index

0.0%0.5%1.0%1.5%
Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Asset-Backed Securities AAA Yield Spreads
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
8 Fixed-Income Markets in Q3 2023
1-5 Year Indices
PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
Source: ICE BofAML Indices. ABS indices are 0-5 year, based on weighted average life. As of September 30, 2023.

0.23%

0.52%

1.07%

0.30%

0.57%

0.0%0.5%1.0%1.5%2.0%2.5%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
1-5 Year Indices Quarterly Returns

0.83% 0.87%

1.41%

1.67%

2.17%

0.0%0.5%1.0%1.5%2.0%2.5%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
10-Year Average
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
9 © PFM Asset Management LLC pfmam.com |
Portfolio Review
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Snapshot
|
Total market value includes accrued interest and balances invested in CAMP, as of September 30, 2023.Yield and duration calculations exclude balances invested in CAMP.The portfolio’s benchmark is the ICE BofA 1-5 Year U.S. Treasury Index. Source: Bloomberg.

An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio.

1. Portfolio Snapshot¹
Credit Quality - S&P
5%
31%
25%
29%
10%
4%
35%
27%
21%
13%
0%5%
10%15%20%25%30%35%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 50%Corporate | 21%
ABS | 12%Agency CMBS | 11%
Federal Agency | 2%Negotiable CD | 2%Municipal | 1%Supranational | 1%Joint Powers Authority | <1% Sector Allocation
AAA | 10%AAAm | <1%AA+ | 64%AA | 1%AA- | 3%A+ | 4%A | 8%A- | 6%A-1 | <1% BBB+ | 1%Not Rated | 3%
Portfolio Statistics
Portfolio Effective Duration 2.48 years
Benchmark Effective Duration 2.50 yearsPortfolio Credit Quality AA Yield At Market 5.06%
Yield At Cost 3.53%
Total Market Value $68,176,756.95
Managed Account Sub-Total $67,781,509.08Pool $3,765.22
Accrued Interest $391,482.65
10 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Account Summary
|

0.0%

12.0%

20.5%

2.1%

1.3%

0.8%

10.6%

2.4%

50.3%

0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Joint Powers Authority - $3,765
ABS - $8,156,735
Corporate - $13,986,254
Negotiable CD - $1,422,188
Municipal - $885,781
Supranational - $575,793
Agency CMBS - $7,201,092
Federal Agency - $1,629,830
U.S. Treasury - $34,315,318
Portfolio Allocation Sector Limit for Analysis*
Sector Allocation Analytics
For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest.*Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 11 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Compliance
|
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Asset and Investment Management ("AIM").

Certificate of Compliance
During the reporting period for the quarter ended September 30, 2023, the account(s) managed by PFM Asset Management("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

Acknowledged : PFM Asset Management LLC
12 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Characteristics
|
Historical Sector Allocation
Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. 60%
2%6%
1%1%2%
19%
9%
Jun-23
50%
2%
11%
1%
2%
21%12%
Sep-23
13 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
|
Portfolio Activity
Net Activity by Sector
($ millions)
U.S. TreasuryMunicipalNegotiable CD
Corporate
ABS
Agency CMBS
U.S. Treasury
Municipal
Negotiable CD
Corporate
ABS
Agency CMBS
($8.0) ($6.0) ($4.0) ($2.0) $0.0 $2.0 $4.0
Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding.

Sector Net Activity
Agency CMBS $3,186,890ABS $2,289,666
Corporate $1,195,549Negotiable CD $500,000Municipal ($125,312)U.S. Treasury ($6,503,874)Total Net Activity $542,918 Sales/Maturities Purchases
14 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Performance
|

1. The lesser of 10 years or since inception is shown. Since inception returns for periods one year or less are not shown. Performance inception date is March 31, 2016.2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.3. Returns for periods one year or less are presented on a periodic basis. Returns for periods greater than one year are presented on an annualized basis.4. The portfolio’s benchmark is the ICE BofA 1-5 Year U.S. Treasury Index. Source: Bloomberg. -2.0%-1.0%

0.0%1.0%2.0%3.0%
Return
Portfolio Benchmark
Portfolio Performance
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years Since Inception¹ Interest Earned² $528,643 $1,635,116 $2,571,773 $4,017,730 $5,235,373 Change in Market Value ($302,106) ($506,509) ($3,608,204) ($268,853) $9,831,302 Total Dollar Return $226,537 $1,128,607 ($1,036,431) $3,748,877 $15,066,675 Total Return³
Portfolio 0.33% 2.37% -1.42% 1.21% 0.94%Benchmark⁴ 0.23% 2.12% -1.76% 0.93% 0.62% 3 Months 1 Year 3 Years 5 Years Since Inception
Difference 0.10% 0.24% 0.34% 0.28% 0.33%
15 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Performance
|

1. Performance on trade-date basis, gross (i.e., before fees), in accordance with the CFA Institute’s Global Investment Performance Standards (GIPS).2. Income returns calculated as interest earned on investments during the period.3. Price returns calculated as the change in market value of each security for the period.4. Returns are presented on a periodic basis.

Quarterly Sector Performance
Total Return by Sector Contribution to Total Return
Cash
ABS
Corporate
Negotiable CD
Municipal
Supranational
Agency CMBS
Federal Agency
U.S. Treasury
-0.10%

0.99%

0.85%

1.28%

0.53%

0.45%

0.81%

0.11%

0.72%

0.00%
-0.10%
-0.40%
-0.10%

0.17%

0.04%
-0.96%

0.58%
-0.50%
-3.0% -1.8% -0.6% 0.6% 1.8% 3.0%
Return
16 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Performance
|

1. The lesser of 10 years or since inception is shown. Performance inception date is March 31, 2016.2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.3. Realized gains / (losses) are shown on an amortized cost basis.

Accrual Basis Earnings
Accrual Basis EarningsInterest Earned²Realized Gains / (Losses)³Change in Amortized CostTotal Earnings 3 Months
$528,643
($195,497)
$65,904
$399,050
1 Year
$1,635,116
($434,637)
$173,276
$1,373,755
3 Years
$2,571,773
($260,972)
$639,492
$2,950,293
5 Year
$4,017,730
($80,961)
$4,863,598$8,800,366
Since Inception¹
$5,235,373
($258,372)
$16,319,708
$21,296,709
17 Fixed-Income Sector Outlook – 4Q 2023
Negative Slightly Negative Neutral Slightly Positive Current outlook Outlook one quarter ago Positive Sector Our Investment Preferences

C O M M E R C I A L PA P E R
/ C D

T R E A S U R I E S
T-Bill
T-Note

F E D E R A L A G E N C I E S
Bullets
Callables

S U P R A N AT I O N A L S

C O R P O R AT E S
Financials
Industrials

S E C U R I T I Z E D
Asset-Backed
Agency Mortgage-Backed
Agency CMBS

M U N I C I PA L S
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
City of Santa Fe Springs Market Update
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
18 © PFM Asset Management LLC | pfmam.com
Issuer Distribution
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Summary
|
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings,excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balancesinvested in overnight funds.

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchU.S. Treasury 50.3% UNITED STATES TREASURY 50.3% AA / Aaa / AA
Federal Agency 2.4%
FANNIE MAE 1.5% AA / Aaa / AAFREDDIE MAC 0.9% AA / Aaa / AA Agency CMBS 10.6%
FANNIE MAE 1.9% AA / Aaa / AAFREDDIE MAC 8.7% AA / Aaa / AA Supranational 0.8%
INTER-AMERICAN DEVELOPMENT BANK 0.5% AAA / Aaa / AAAINTL BANK OF RECONSTRUCTION AND DEV 0.4% AAA / Aaa / AAA Municipal 1.3%
FLORIDA STATE BOARD OF ADMIN FIN CORP 0.3% AA / Aa / AANEW JERSEY TURNPIKE AUTHORITY 0.1% AA / A / ANEW YORK ST URBAN DEVELOPMENT CORP 0.5% NR / NR / AASTATE OF CALIFORNIA 0.4% AA / Aa / AA Negotiable CD 2.1%
CREDIT AGRICOLE SA 0.4% A / Aa / AANATIXIS NY BRANCH 0.7% A / A / ANORDEA BANK ABP 0.5% AA / Aa / AATORONTO-DOMINION BANK 0.5% A / A / NR Corporate 20.5%
ADOBE INC 0.2% A / A / NRAMAZON.COM INC 0.1% AA / A / AAAMERICAN EXPRESS CO 0.1% BBB / A / AAMERICAN HONDA FINANCE 0.6% A / A / A Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 20.5% APPLE INC 0.3% AA / Aaa / NRASTRAZENECA PLC 0.2% A / A / A BANK OF AMERICA CO 1.4% A / Aa / AABMW FINANCIAL SERVICES NA LLC 0.7% A / A / NR BURLINGTON NORTHERN SANTA FE 0.2% AA / A / NRCHARLES SCHWAB 0.2% A / A / ACINTAS CORPORATION NO. 2 0.1% A / A / NRCITIGROUP INC 0.6% BBB / A / ACOLGATE-PALMOLIVE COMPANY 0.0% AA / Aa / NRCOMMONWEALTH BANK OF AUSTRALIA 0.7% AA / Aa / ADEERE & COMPANY 0.6% A / A / AGENERAL DYNAMICS CORP 0.4% A / A / NR GOLDMAN SACHS GROUP INC 0.2% BBB / A / AHERSHEY COMPANY 0.9% A / A / NRHOME DEPOT INC 0.4% A / A / AHONEYWELL INTERNATIONAL 0.3% A / A / AHSBC HOLDINGS PLC 0.8% A / A / AIBM CORP 0.3% A / A / NRINTEL CORPORATION 0.3% A / A / AJP MORGAN CHASE & CO 0.9% A / A / AALOCKHEED MARTIN CORP 0.1% A / A / AMercedes-Benz Group AG 0.7% A / A / AMORGAN STANLEY 0.5% A / A / ANATIONAL AUSTRALIA BANK LTD 0.4% AA / Aa / NR

NATIONAL RURAL UTILITIES CO FINANCECORP

0.3% A / A / A
NESTLE SA 0.6% AA / Aa / A
19 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Summary
|
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings,excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balancesinvested in overnight funds.

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 20.5% NORTHERN TRUST 0.2% A / A / APACCAR FINANCIAL CORP 0.6% A / A / NRPEPSICO INC 0.4% A / A / NRPNC FINANCIAL SERVICES GROUP 0.2% A / A / APRAXAIR INC 0.3% A / A / NRROCHE HOLDINGS INC 0.6% AA / Aa / AASTATE STREET CORPORATION 0.8% A / A / AATARGET CORP 0.3% A / A / ATEXAS INSTRUMENTS INC 0.2% A / Aa / NRTHE BANK OF NEW YORK MELLONCORPORATION

0.8% A / A / AA
THE WALT DISNEY CORPORATION 0.5% A / A / ATOYOTA MOTOR CORP 0.5% A / A / ATRUIST FIN CORP 0.3% A / A / AUNITEDHEALTH GROUP INC 0.3% A / A / A USAA CAPITAL CORP 0.2% AA / Aa / NRWAL-MART STORES INC 0.2% AA / Aa / AAWELLS FARGO & COMPANY 0.7% A / Aa / AA ABS 12.0%
ALLY AUTO RECEIVABLES TRUST 0.4% NR / Aaa / AAA
AMERICAN EXPRESS CO 0.4% AAA / NR / AAA
BANK OF AMERICA CO 0.3% AAA / NR / AAABank of America Corp 0.3% NR / Aaa / AAA BMW VEHICLE OWNER TRUST 0.2% AAA / NR / AAACAPITAL ONE FINANCIAL CORP 1.2% AAA / Aaa / AAACARMAX AUTO OWNER TRUST 0.6% AAA / Aaa / AAA Security Type / Issuer Market Value (%) S&P / Moody's / FitchABS 12.0% DISCOVER FINANCIAL SERVICES 1.1% AAA / Aaa / AAAFIFTH THIRD AUTO TRUST 0.7% AAA / Aaa / NRFORD CREDIT AUTO OWNER TRUST 0.6% AAA / NR / AAAGM FINANCIAL CONSUMER AUTOMOBILETRUST

0.7% AAA / Aaa / AAA
HARLEY-DAVIDSON MOTORCYCLE TRUST 1.3% AAA / Aaa / AAAHONDA AUTO RECEIVABLES 0.0% AAA / NR / AAAHYUNDAI AUTO RECEIVABLES 1.2% AAA / NR / AAAKUBOTA CREDIT OWNER TRUST 1.0% NR / Aaa / AAAMERCEDES-BENZ AUTO RECEIVABLES 0.6% AAA / Aaa / AAATOYOTA MOTOR CORP 0.5% AAA / Aaa / AAAUSAA AUTO OWNER TRUST 0.8% AAA / Aaa / NRVERIZON OWNER TRUST 0.0% NR / Aaa / AAAVOLKSWAGEN OF AMERICA 0.1% AAA / Aaa / NRWORLD OMNI AUTO REC TRUST 0.1% AAA / NR / AAA Total 100.0%
20 © PFM Asset Management LLC | pfmam.com
Portfolio Transactions
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
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Quarterly Portfolio Transactions
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Date
Settle
Date Par ($) CUSIP
Maturity
Date
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Coupon Amount ($)
Yield
at Market
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Security Description G/L (BV)
BUY7/5/2023 7/7/2023 155,000.00 02665WEK3 AMERICAN HONDA FINANCE CORPORATE NOTES 5.25% 7/7/2026 154,809.35 5.29%7/11/2023 7/18/2023 115,000.00 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 114,979.62 5.47%7/11/2023 7/19/2023 140,000.00 44933XAD9 HART 2023-B A3 5.48% 4/17/2028 139,993.92 5.48%7/11/2023 7/19/2023 140,000.00 36267KAD9 GMCAR 2023-3 A3 5.45% 6/16/2028 139,994.60 5.45%7/11/2023 7/19/2023 250,000.00 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 249,957.38 5.46%7/13/2023 7/20/2023 700,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 708,771.95 4.59%7/18/2023 7/26/2023 175,000.00 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 174,955.80 5.29%7/25/2023 7/31/2023 235,000.00 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 234,991.09 5.53%7/31/2023 8/3/2023 195,000.00 857477CD3 STATE STREET CORP NOTES (CALLABLE) 5.27% 8/3/2026 195,000.00 5.27%8/3/2023 8/9/2023 250,000.00 94988J6D4 WELLS FARGO BANK NA BANK NOTES (CALLABLE 5.45% 8/7/2026 249,782.50 5.48%8/9/2023 8/14/2023 275,000.00 89236TKX2 TOYOTA MOTOR CREDIT CORP CORPORATE NOTES 5.00% 8/14/2026 274,667.25 5.04%8/10/2023 8/15/2023 500,000.00 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 437,961.36 4.73%8/11/2023 8/15/2023 300,000.00 05565ECE3 BMW US CAPITAL LLC CORP NOTES (CALLABLE) 5.05% 8/11/2028 297,732.33 5.24%8/14/2023 8/18/2023 450,000.00 06428CAA2 BANK OF AMERICA NA CORPORATE NOTES 5.52% 8/18/2026 450,000.00 5.53%8/15/2023 8/23/2023 475,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 474,970.55 5.53%8/21/2023 8/23/2023 475,000.00 58769JAL1 MERCEDES-BENZ FIN NA CORPORATE NOTES 5.10% 8/3/2028 470,360.83 5.39%8/22/2023 8/25/2023 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 530,739.46 5.07% 21 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
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Quarterly Portfolio Transactions
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Date Par ($) CUSIP
Maturity
Date
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Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY8/24/2023 8/29/2023 262,831.57 3136AX7E9 FNA 2017-M12 A2 3.16% 6/1/2027 246,384.14 5.07%8/24/2023 8/29/2023 369,528.04 3136AY6X6 FNA 2017-M15 A2 3.06% 9/1/2027 344,987.90 3.29%9/5/2023 9/8/2023 300,000.00 24422EXD6 JOHN DEERE CAPITAL CORP CORPORATE NOTES 5.15% 9/8/2026 299,787.00 5.18%9/7/2023 9/14/2023 650,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 641,476.01 4.99%9/7/2023 9/15/2023 520,000.00 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 519,909.00 5.58%9/18/2023 9/20/2023 500,000.00 63873QP65 NATIXIS NY BRANCH CERT DEPOS 5.61% 9/18/2026 500,000.00 5.58%9/19/2023 9/28/2023 285,000.00 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 286,125.47 5.27%9/20/2023 9/27/2023 465,000.00 41285YAC9 HDMOT 2023-B A3 5.69% 8/15/2028 464,894.86 5.70% Total BUY 8,732,359.61 8,603,232.37 0.00
INTEREST7/1/2023 7/1/2023 255,000.00 341271AD6 FL ST BOARD OF ADMIN TXBL REV BONDS 1.25% 7/1/2025 1,603.957/1/2023 7/1/2023 70,000.00 646140DN0 NJ TURNPIKE AUTHORITY TXBL REV BONDS 0.89% 1/1/2025 313.957/1/2023 7/25/2023 600,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,621.507/1/2023 7/25/2023 700,000.00 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 2,000.837/1/2023 7/25/2023 325,000.00 3137BLMZ8 FHLMC SERIES K049 A2 3.01% 7/1/2025 815.217/1/2023 7/25/2023 300,000.00 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 832.257/1/2023 7/25/2023 182,131.49 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 410.10 22 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
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Quarterly Portfolio Transactions
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Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
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at Market
Realized
Security Description G/L (BV)
INTEREST7/1/2023 7/25/2023 150,000.00 3137BM7C4 FHMS K052 A1 3.30% 9/1/2025 413.507/1/2023 7/25/2023 450,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 994.877/1/2023 7/25/2023 250,000.00 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 623.967/1/2023 7/25/2023 240,000.00 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 669.407/1/2023 7/25/2023 300,000.00 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 642.507/1/2023 7/25/2023 250,000.00 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 656.467/1/2023 7/25/2023 525,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,200.947/8/2023 7/8/2023 150,000.00 89236TFS9 TOYOTA MOTOR CREDIT CORP CORP NOTES 3.35% 1/8/2024 2,512.507/8/2023 7/8/2023 250,000.00 02665WDJ7 AMERICAN HONDA FINANCE CORPORATE NOTES 2.35% 1/8/2027 2,937.507/10/2023 7/10/2023 175,000.00 172967LD1 CITIGROUP INC CORP (CALLABLE) NOTES 3.88% 1/10/2028 3,401.137/12/2023 7/12/2023 305,000.00 63253QAA2 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES 4.96% 1/12/2026 7,573.157/15/2023 7/15/2023 180,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 697.507/15/2023 7/15/2023 95,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 45.927/15/2023 7/15/2023 225,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 808.137/15/2023 7/15/2023 415,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 2,598.597/15/2023 7/15/2023 185,000.00 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 830.967/15/2023 7/15/2023 265,000.00 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 1,150.54 23 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
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Quarterly Portfolio Transactions
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Date Par ($) CUSIP
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Date
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Coupon Amount ($)
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Security Description G/L (BV)
INTEREST7/15/2023 7/15/2023 2,750,000.00 91282CGE5 US TREASURY N/B NOTES 3.87% 1/15/2026 53,281.257/15/2023 7/15/2023 455,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,059.277/15/2023 7/15/2023 255,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,069.377/15/2023 7/15/2023 75,000.00 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 46.257/15/2023 7/15/2023 120,000.00 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 81.007/15/2023 7/15/2023 34,605.67 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 14.427/15/2023 7/15/2023 41,432.38 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 13.127/15/2023 7/15/2023 175,000.00 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 446.257/15/2023 7/15/2023 200,000.00 87612EBM7 TARGET CORP CORP NOTES (CALLABLE) 1.95% 1/15/2027 1,950.007/15/2023 7/15/2023 135,000.00 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 507.377/15/2023 7/15/2023 100,000.00 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 59.177/15/2023 7/15/2023 72,749.48 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 31.527/15/2023 7/15/2023 195,000.00 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 867.757/15/2023 7/15/2023 17,220.51 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 4.887/15/2023 7/15/2023 230,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 967.927/15/2023 7/15/2023 270,000.00 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,059.757/15/2023 7/15/2023 240,000.00 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,004.00 24 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
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Quarterly Portfolio Transactions
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Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST7/15/2023 7/15/2023 130,184.19 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 59.677/15/2023 7/15/2023 325,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 758.337/15/2023 7/15/2023 200,000.00 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 552.067/15/2023 7/15/2023 123,684.03 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 57.727/15/2023 7/15/2023 220,000.00 448979AD6 HART 2023-A A3 4.58% 4/15/2027 839.677/15/2023 7/15/2023 95,000.00 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 60.967/15/2023 7/15/2023 185,000.00 448977AD0 HART 2022-A A3 2.22% 10/15/2026 342.257/15/2023 7/15/2023 170,000.00 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 378.257/16/2023 7/16/2023 180,000.00 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 670.507/16/2023 7/16/2023 75,000.00 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 78.757/16/2023 7/16/2023 80,000.00 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 45.337/18/2023 7/18/2023 28,892.40 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 8.917/20/2023 7/20/2023 13,776.74 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 5.407/20/2023 7/20/2023 11,721.60 89238EAC0 TLOT 2021-A A3 0.39% 4/22/2024 3.817/20/2023 7/20/2023 124,399.67 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 105.747/20/2023 7/20/2023 14,579.06 380144AC9 GMALT 2021-2 A3 0.34% 5/20/2024 4.137/21/2023 7/21/2023 395,000.00 3137EAEU9 FREDDIE MAC NOTES 0.37% 7/21/2025 740.63 25 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
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Quarterly Portfolio Transactions
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Date Par ($) CUSIP
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Security Description G/L (BV)
INTEREST7/25/2023 7/25/2023 60,000.00 17327CAN3 CITIGROUP INC CORP NOTES (CALLABLE) 2.01% 1/25/2026 604.207/26/2023 7/26/2023 50,000.00 857477BZ5 STATE STREET CORP NOTES (CALLABLE) 4.85% 1/26/2026 1,214.257/26/2023 7/26/2023 40,000.00 693475BL8 PNC FINANCIAL SERVICES CORP NOTES (CALLA 4.75% 1/26/2027 962.177/27/2023 7/27/2023 175,000.00 61761J3R8 MORGAN STANLEY CORP NOTES 3.12% 7/27/2026 2,734.387/27/2023 7/27/2023 240,000.00 459200KS9 IBM CORP CORPORATE NOTES 4.00% 7/27/2025 4,800.007/28/2023 7/28/2023 105,000.00 89788MAH5 TRUIST FIN CORP NOTES (CALLABLE) 4.26% 7/28/2026 2,236.507/28/2023 7/28/2023 200,000.00 61747YEZ4 MORGAN STANLEY CORPORATE NOTES (CALLABLE 5.05% 1/28/2027 5,302.507/31/2023 7/31/2023 2,000,000.00 91282CGG0 US TREASURY N/B NOTES 4.12% 1/31/2025 41,250.007/31/2023 7/31/2023 100,000.00 912828Z52 US TREASURY NOTES 1.37% 1/31/2025 687.507/31/2023 7/31/2023 2,000,000.00 91282CGH8 US TREASURY N/B NOTES 3.50% 1/31/2028 35,000.007/31/2023 7/31/2023 400,000.00 91282CAB7 US TREASURY NOTES 0.25% 7/31/2025 500.007/31/2023 7/31/2023 200,000.00 91282CBH3 US TREASURY NOTES 0.37% 1/31/2026 375.008/1/2023 8/25/2023 181,869.64 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 409.518/1/2023 8/25/2023 700,000.00 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 2,000.838/1/2023 8/25/2023 300,000.00 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 642.508/1/2023 8/25/2023 250,000.00 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 656.468/1/2023 8/25/2023 250,000.00 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 623.96 26 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
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Quarterly Portfolio Transactions
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Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
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at Market
Realized
Security Description G/L (BV)
INTEREST8/1/2023 8/25/2023 300,000.00 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 832.258/1/2023 8/25/2023 325,000.00 3137BLMZ8 FHLMC SERIES K049 A2 3.01% 7/1/2025 815.218/1/2023 8/25/2023 600,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,621.508/1/2023 8/25/2023 240,000.00 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 669.408/1/2023 8/25/2023 150,000.00 3137BM7C4 FHMS K052 A1 3.30% 9/1/2025 413.508/1/2023 8/25/2023 525,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,200.948/1/2023 8/25/2023 700,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,811.088/1/2023 8/25/2023 450,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 994.878/1/2023 8/1/2023 175,000.00 00724PAB5 ADOBE INC (CALLABLE) CORP NOTE 1.90% 2/1/2025 1,662.508/5/2023 8/5/2023 225,000.00 458140BY5 INTEL CORP NOTES (CALLABLE) 3.75% 8/5/2027 4,218.758/6/2023 8/6/2023 80,000.00 69371RQ66 PACCAR FINANCIAL CORP CORPORATE NOTES 1.80% 2/6/2025 720.008/6/2023 8/6/2023 75,000.00 857477BR3 STATE STREET CORP (CALLABLE) CORPORATE N 1.74% 2/6/2026 654.758/7/2023 8/7/2023 45,000.00 63743HFC1 NATIONAL RURAL UTIL COOP CORPORATE NOTES 1.87% 2/7/2025 421.888/8/2023 8/8/2023 65,000.00 63743HEU2 NATIONAL RURAL UTIL COOP CORPORATE NOTES 0.35% 2/8/2024 113.758/12/2023 8/12/2023 70,000.00 05565EBU8 BMW US CAPITAL LLC CORPORATE NOTES 0.75% 8/12/2024 262.508/12/2023 8/12/2023 140,000.00 38141GXS8 GOLDMAN SACHS GROUP INC CORP NOTES (CALL 0.85% 2/12/2026 598.508/13/2023 8/13/2023 70,000.00 89236TGT6 TOYOTA MOTOR CREDIT CORP CORP NOTES 1.80% 2/13/2025 630.00 27 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
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Quarterly Portfolio Transactions
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Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
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Security Description G/L (BV)
INTEREST8/13/2023 8/13/2023 295,000.00 713448FQ6 PEPSICO INC CORP NOTES (CALLABLE) 4.55% 2/13/2026 6,636.688/15/2023 8/15/2023 265,000.00 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 1,150.548/15/2023 8/15/2023 350,000.00 427866AX6 HERSHEY COMPANY CORP NOTES (CALLABLE) 2.30% 8/15/2026 4,025.008/15/2023 8/15/2023 93,436.17 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 59.958/15/2023 8/15/2023 6,000,000.00 912828V98 US TREASURY NOTES 2.25% 2/15/2027 67,500.008/15/2023 8/15/2023 455,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,869.298/15/2023 8/15/2023 200,000.00 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 871.678/15/2023 8/15/2023 37,610.39 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 11.918/15/2023 8/15/2023 30,919.89 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 12.888/15/2023 8/15/2023 175,000.00 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 487.678/15/2023 8/15/2023 135,000.00 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 507.378/15/2023 8/15/2023 170,000.00 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 378.258/15/2023 8/15/2023 122,978.56 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 56.378/15/2023 8/15/2023 180,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 697.508/15/2023 8/15/2023 255,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,034.878/15/2023 8/15/2023 225,000.00 438516CJ3 HONEYWELL INTL CORP NOTES (CALLABLE) 4.95% 2/15/2028 5,568.758/15/2023 8/15/2023 67,628.11 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 29.31 28 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
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Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
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Realized
Security Description G/L (BV)
INTEREST8/15/2023 8/15/2023 185,000.00 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 830.968/15/2023 8/15/2023 415,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,528.588/15/2023 8/15/2023 195,000.00 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 867.758/15/2023 8/15/2023 270,000.00 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,059.758/15/2023 8/15/2023 95,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 45.928/15/2023 8/15/2023 230,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 1,805.568/15/2023 8/15/2023 185,000.00 448977AD0 HART 2022-A A3 2.22% 10/15/2026 342.258/15/2023 8/15/2023 115,000.00 882508BV5 TEXAS INSTRUMENTS INC CORP NOTE (CALLABL 4.60% 2/15/2028 2,645.008/15/2023 8/15/2023 97,705.93 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 57.818/15/2023 8/15/2023 240,000.00 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,004.008/15/2023 8/15/2023 250,000.00 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 985.838/15/2023 8/15/2023 113,529.51 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 76.638/15/2023 8/15/2023 220,000.00 448979AD6 HART 2023-A A3 4.58% 4/15/2027 839.678/15/2023 8/15/2023 73,338.27 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 45.238/15/2023 8/15/2023 325,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 758.338/15/2023 8/15/2023 175,000.00 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 446.258/15/2023 8/15/2023 235,000.00 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 541.48 29 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST8/15/2023 8/15/2023 15,852.00 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 4.498/15/2023 8/15/2023 225,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 808.128/15/2023 8/15/2023 25,000.00 194162AM5 COLGATE-PALMOLIVE CO CORPORATE NOTES 3.10% 8/15/2025 387.508/15/2023 8/15/2023 230,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 967.928/15/2023 8/15/2023 116,345.20 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 54.298/15/2023 8/15/2023 140,000.00 44933XAD9 HART 2023-B A3 5.48% 4/17/2028 554.098/15/2023 8/15/2023 200,000.00 9128282A7 US TREASURY NOTES 1.50% 8/15/2026 1,500.008/16/2023 8/16/2023 250,000.00 22536AZR8 CREDIT AGRICOLE CIB NY CERT DEPOS 4.10% 8/16/2024 10,306.948/16/2023 8/16/2023 60,000.00 46647PBY1 JPMORGAN CHASE & CO CORP NOTES (CALLABLE 0.56% 2/16/2025 168.908/16/2023 8/16/2023 140,000.00 36267KAD9 GMCAR 2023-3 A3 5.45% 6/16/2028 572.258/16/2023 8/16/2023 75,000.00 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 78.758/16/2023 8/16/2023 77,296.24 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 43.808/16/2023 8/16/2023 180,000.00 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 670.508/18/2023 8/18/2023 23,954.16 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 7.398/20/2023 8/20/2023 8,734.03 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 3.428/20/2023 8/20/2023 1,630.19 89238EAC0 TLOT 2021-A A3 0.39% 4/22/2024 0.538/20/2023 8/20/2023 116,739.34 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 99.23 30 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST8/20/2023 8/20/2023 570.12 380144AC9 GMALT 2021-2 A3 0.34% 5/20/2024 0.168/24/2023 8/24/2023 100,000.00 46647PCV6 JPMORGAN CHASE & CO CORP NOTES (CALLABLE 2.59% 2/24/2026 1,297.508/25/2023 8/25/2023 795,000.00 3135G05X7 FANNIE MAE NOTES 0.37% 8/25/2025 1,490.638/25/2023 8/25/2023 115,000.00 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 646.528/30/2023 8/30/2023 325,000.00 254687FK7 WALT DISNEY COMPANY/THE (CALLABLE) 1.75% 8/30/2024 2,843.758/31/2023 8/31/2023 700,000.00 91282CAJ0 US TREASURY NOTES 0.25% 8/31/2025 875.008/31/2023 8/31/2023 1,025,000.00 91282CBQ3 US TREASURY NOTES 0.50% 2/28/2026 2,562.508/31/2023 8/31/2023 775,000.00 912828ZC7 US TREASURY NOTES 1.12% 2/28/2025 4,359.389/1/2023 9/1/2023 265,000.00 13063D3N6 CA ST MUNICIPAL BONDS 4.84% 3/1/2027 5,921.549/1/2023 9/25/2023 262,831.57 3136AX7E9 FNA 2017-M12 A2 3.16% 6/1/2027 693.109/1/2023 9/25/2023 325,000.00 3137BLMZ8 FHLMC SERIES K049 A2 3.01% 7/1/2025 815.219/1/2023 9/25/2023 700,000.00 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 2,000.839/1/2023 9/25/2023 600,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,621.509/1/2023 9/25/2023 250,000.00 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 656.469/1/2023 9/25/2023 250,000.00 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 623.969/1/2023 9/25/2023 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 1,920.429/1/2023 9/25/2023 300,000.00 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 642.50 31 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST9/1/2023 9/25/2023 369,528.04 3136AY6X6 FNA 2017-M15 A2 3.06% 9/1/2027 942.169/1/2023 9/25/2023 181,625.73 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 408.969/1/2023 9/25/2023 150,000.00 3137BM7C4 FHMS K052 A1 3.30% 9/1/2025 413.509/1/2023 9/25/2023 500,000.00 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 737.509/1/2023 9/25/2023 240,000.00 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 669.409/1/2023 9/25/2023 450,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 994.879/1/2023 9/25/2023 300,000.00 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 832.259/1/2023 9/25/2023 525,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,200.949/1/2023 9/25/2023 700,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,811.089/4/2023 9/4/2023 85,000.00 025816CQ0 AMERICAN EXPRESS CO CORP NOTES (CALLABLE 2.25% 3/4/2025 956.259/7/2023 9/7/2023 130,000.00 24422EUX5 JOHN DEERE CAPITAL CORP CORP NOTES 2.60% 3/7/2024 1,690.009/8/2023 9/8/2023 125,000.00 24422EWD7 JOHN DEERE CAPITAL CORP CORPORATE NOTES 2.35% 3/8/2027 1,468.759/9/2023 9/9/2023 125,000.00 931142EW9 WALMART INC CORPORATE NOTES 3.90% 9/9/2025 2,437.509/10/2023 9/10/2023 425,000.00 771196BT8 ROCHE HOLDINGS INC (CALLABLE) CORPORATE 2.13% 3/10/2025 4,530.509/12/2023 9/12/2023 150,000.00 641062BA1 NESTLE HOLDINGS INC CORP NOTE 4.00% 9/12/2025 3,000.009/13/2023 9/13/2023 500,000.00 20271RAR1 COMMONWEALTH BK AUSTR NY CORPORATE 5.31% 3/13/2026 13,290.009/13/2023 9/13/2023 65,000.00 63743HFH0 NATIONAL RURAL UTIL COOP CORP NOTES (CAL 4.45% 3/13/2026 1,719.43 32 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST9/14/2023 9/14/2023 250,000.00 437076BT8 HOME DEPOT INC CORP NOTES (CALLABLE) 2.80% 9/14/2027 3,500.009/14/2023 9/14/2023 245,000.00 641062AU8 NESTLE HOLDINGS INC CORP NOTES (CALLABLE 0.60% 9/14/2024 742.359/15/2023 9/15/2023 325,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 758.339/15/2023 9/15/2023 340,000.00 650036DT0 NY ST URBAN DEV CORP TXBL REV BONDS 0.87% 3/15/2025 1,479.009/15/2023 9/15/2023 225,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 808.129/15/2023 9/15/2023 92,204.98 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 54.559/15/2023 9/15/2023 180,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 697.509/15/2023 9/15/2023 230,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 967.929/15/2023 9/15/2023 140,000.00 44933XAD9 HART 2023-B A3 5.48% 4/17/2028 639.339/15/2023 9/15/2023 185,000.00 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 830.969/15/2023 9/15/2023 88,473.16 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 56.779/15/2023 9/15/2023 27,592.81 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 11.509/15/2023 9/15/2023 265,000.00 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 1,150.549/15/2023 9/15/2023 240,000.00 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,004.009/15/2023 9/15/2023 250,000.00 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,137.509/15/2023 9/15/2023 135,000.00 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 507.379/15/2023 9/15/2023 185,000.00 448977AD0 HART 2022-A A3 2.22% 10/15/2026 342.25 33 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST9/15/2023 9/15/2023 475,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 1,605.249/15/2023 9/15/2023 116,363.42 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 53.339/15/2023 9/15/2023 200,000.00 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 871.679/15/2023 9/15/2023 455,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,869.299/15/2023 9/15/2023 170,000.00 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 378.259/15/2023 9/15/2023 62,788.50 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 27.219/15/2023 9/15/2023 235,000.00 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,082.969/15/2023 9/15/2023 220,000.00 448979AD6 HART 2023-A A3 4.58% 4/15/2027 839.679/15/2023 9/15/2023 230,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 918.089/15/2023 9/15/2023 270,000.00 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,059.759/15/2023 9/15/2023 109,336.18 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 51.029/15/2023 9/15/2023 195,000.00 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 867.759/15/2023 9/15/2023 33,989.09 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 10.769/15/2023 9/15/2023 95,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 45.929/15/2023 9/15/2023 14,576.29 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 4.139/15/2023 9/15/2023 255,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,034.879/15/2023 9/15/2023 415,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,528.58 34 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST9/15/2023 9/15/2023 35,000.00 437076CR1 HOME DEPOT INC NOTES (CALLABLE) 4.00% 9/15/2025 700.009/15/2023 9/15/2023 68,788.91 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 42.429/15/2023 9/15/2023 107,689.44 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 72.699/15/2023 9/15/2023 175,000.00 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 770.009/15/2023 9/15/2023 175,000.00 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 446.259/16/2023 9/16/2023 73,175.98 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 41.479/16/2023 9/16/2023 140,000.00 36267KAD9 GMCAR 2023-3 A3 5.45% 6/16/2028 635.839/16/2023 9/16/2023 180,000.00 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 670.509/16/2023 9/16/2023 75,000.00 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 78.759/17/2023 9/17/2023 65,000.00 172967NL1 CITIGROUP INC CORP NOTES (CALLABLE) 3.29% 3/17/2026 1,069.259/17/2023 9/17/2023 275,000.00 40428HVL3 HSBC USA INC CORPORATE NOTES 5.62% 3/17/2025 7,734.389/18/2023 9/18/2023 105,000.00 808513BN4 CHARLES SCHWAB CORP NOTES (CALLABLE) 0.75% 3/18/2024 393.759/18/2023 9/18/2023 19,397.45 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 5.989/20/2023 9/20/2023 109,927.94 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 93.449/20/2023 9/20/2023 4,369.97 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 1.719/23/2023 9/23/2023 295,000.00 3137EAEX3 FREDDIE MAC NOTES 0.37% 9/23/2025 553.139/23/2023 9/23/2023 330,000.00 4581X0DZ8 INTER-AMERICAN DEVEL BK NOTES 0.50% 9/23/2024 825.00 35 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST9/24/2023 9/24/2023 250,000.00 95000U2V4 WELLS FARGO CORP NOTES (CALLABLE) 3.52% 3/24/2028 4,407.509/25/2023 9/25/2023 115,000.00 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 524.219/30/2023 9/30/2023 350,000.00 69371RS49 PACCAR FINANCIAL CORP CORPORATE NOTES 4.45% 3/30/2026 7,787.509/30/2023 9/30/2023 600,000.00 91282CEF4 US TREASURY N/B NOTES 2.50% 3/31/2027 7,500.009/30/2023 9/30/2023 200,000.00 857477BM4 STATE STREET CORP NOTES (CALLABLE) 2.90% 3/30/2026 2,901.009/30/2023 9/30/2023 225,000.00 91282CCZ2 US TREASURY N/B NOTES 0.87% 9/30/2026 984.38 Total INTEREST 63,718,174.43 474,428.67 0.00
MATURITY8/1/2023 8/1/2023 125,000.00 798306WM4 SAN JUAN USD, CA TXBL GO BONDS 0.49% 8/1/2023 125,311.888/11/2023 8/11/2023 35,000.00 166756AJ5 CHEVRON USA INC CORPORATE NOTES 0.42% 8/11/2023 35,074.55 Total MATURITY 160,000.00 160,386.43 0.00
PAYDOWNS7/1/2023 7/25/2023 261.85 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 261.857/15/2023 7/15/2023 7,338.83 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 7,338.837/15/2023 7/15/2023 7,205.63 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 7,205.637/15/2023 7/15/2023 1,563.83 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 1,563.837/15/2023 7/15/2023 5,121.37 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 5,121.37 36 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS7/15/2023 7/15/2023 1,368.51 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 1,368.517/15/2023 7/15/2023 2,294.07 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 2,294.077/15/2023 7/15/2023 3,685.78 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 3,685.787/15/2023 7/15/2023 6,470.49 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 6,470.497/15/2023 7/15/2023 3,821.99 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3,821.997/15/2023 7/15/2023 1,661.73 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 1,661.737/16/2023 7/16/2023 2,703.76 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 2,703.767/18/2023 7/18/2023 4,938.24 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 4,938.247/20/2023 7/20/2023 5,042.71 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 5,042.717/20/2023 7/20/2023 7,660.33 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 7,660.337/20/2023 7/20/2023 14,008.94 380144AC9 GMALT 2021-2 A3 0.34% 5/20/2024 14,008.947/20/2023 7/20/2023 10,091.41 89238EAC0 TLOT 2021-A A3 0.39% 4/22/2024 10,091.418/1/2023 8/25/2023 243.91 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 243.918/15/2023 8/15/2023 4,963.01 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 4,963.018/15/2023 8/15/2023 3,621.30 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3,621.308/15/2023 8/15/2023 4,839.61 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 4,839.618/15/2023 8/15/2023 3,327.08 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 3,327.08 37 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS8/15/2023 8/15/2023 4,549.36 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 4,549.368/15/2023 8/15/2023 5,500.95 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 5,500.958/15/2023 8/15/2023 7,009.02 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 7,009.028/15/2023 8/15/2023 6,615.14 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 6,615.148/15/2023 8/15/2023 1,275.71 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 1,275.718/15/2023 8/15/2023 5,840.07 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 5,840.078/16/2023 8/16/2023 4,120.26 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 4,120.268/18/2023 8/18/2023 4,556.71 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 4,556.718/20/2023 8/20/2023 570.12 380144AC9 GMALT 2021-2 A3 0.34% 5/20/2024 570.128/20/2023 8/20/2023 1,630.19 89238EAC0 TLOT 2021-A A3 0.39% 4/22/2024 1,630.198/20/2023 8/20/2023 6,811.40 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 6,811.408/20/2023 8/20/2023 4,364.06 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 4,364.069/1/2023 9/25/2023 244.88 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 244.889/1/2023 9/25/2023 8,561.40 3136AY6X6 FNA 2017-M15 A2 3.06% 9/1/2027 8,561.409/1/2023 9/25/2023 244.22 3136AX7E9 FNA 2017-M12 A2 3.16% 6/1/2027 244.229/15/2023 9/15/2023 5,154.12 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 5,154.129/15/2023 9/15/2023 3,628.62 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 3,628.62 38 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS9/15/2023 9/15/2023 4,523.86 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 4,523.869/15/2023 9/15/2023 7,520.41 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 7,520.419/15/2023 9/15/2023 1,431.66 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 1,431.669/15/2023 9/15/2023 7,290.36 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 7,290.369/15/2023 9/15/2023 5,078.00 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 5,078.009/15/2023 9/15/2023 3,577.87 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3,577.879/15/2023 9/15/2023 5,708.32 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 5,708.329/15/2023 9/15/2023 6,261.00 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 6,261.009/16/2023 9/16/2023 685.37 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 685.379/16/2023 9/16/2023 4,195.58 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 4,195.589/18/2023 9/18/2023 4,543.34 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 4,543.349/20/2023 9/20/2023 3,693.32 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 3,693.329/20/2023 9/20/2023 7,117.49 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 7,117.49 Total PAYDOWNS 234,537.19 234,537.19 0.00
SELL7/5/2023 7/7/2023 110,000.00 02665WDY4 AMERICAN HONDA FINANCE CORPORATE NOTES 0.75% 8/9/2024 104,774.27 -5,537.707/13/2023 7/18/2023 500,000.00 91282CHE4 US TREASURY N/B NOTES 3.62% 5/31/2028 494,466.89 3,149.80 39 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
SELL7/18/2023 7/20/2023 700,000.00 91282CGD7 US TREASURY N/B NOTES 4.25% 12/31/2024 693,741.85 -7,605.477/19/2023 7/21/2023 125,000.00 91282CGD7 US TREASURY N/B NOTES 4.25% 12/31/2024 123,818.79 -1,436.337/26/2023 7/31/2023 250,000.00 58933YAU9 MERCK & CO INC (CALLABLE) CORP NOTES 2.90% 3/7/2024 248,940.00 -4,066.978/3/2023 8/7/2023 245,000.00 023135BW5 AMAZON.COM INC CORPORATE NOTES 0.45% 5/12/2024 235,857.21 -9,312.048/10/2023 8/14/2023 75,000.00 912828YY0 US TREASURY NOTES 1.75% 12/31/2024 71,797.22 -351.548/10/2023 8/14/2023 150,000.00 89236TFS9 TOYOTA MOTOR CREDIT CORP CORP NOTES 3.35% 1/8/2024 149,086.50 -1,406.548/10/2023 8/15/2023 425,000.00 91282CGD7 US TREASURY N/B NOTES 4.25% 12/31/2024 422,011.72 -5,090.488/14/2023 8/15/2023 175,000.00 91282CGD7 US TREASURY N/B NOTES 4.25% 12/31/2024 173,612.31 -2,253.308/15/2023 8/16/2023 75,000.00 91282CGD7 US TREASURY N/B NOTES 4.25% 12/31/2024 74,437.37 -942.328/15/2023 8/18/2023 375,000.00 91282CGD7 US TREASURY N/B NOTES 4.25% 12/31/2024 372,258.83 -4,726.798/16/2023 8/23/2023 475,000.00 91282CGD7 US TREASURY N/B NOTES 4.25% 12/31/2024 471,894.92 -5,896.228/22/2023 8/23/2023 400,000.00 91282CGD7 US TREASURY N/B NOTES 4.25% 12/31/2024 397,072.70 -5,277.748/23/2023 8/25/2023 600,000.00 91282CCF6 US TREASURY N/B NOTES 0.75% 5/31/2026 540,002.69 -59,609.378/24/2023 8/29/2023 475,000.00 91282CAT8 US TREASURY NOTES 0.25% 10/31/2025 430,395.34 -40,415.738/24/2023 8/29/2023 75,000.00 91282CAT8 US TREASURY NOTES 0.25% 10/31/2025 67,957.16 -6,349.948/28/2023 8/29/2023 75,000.00 91282CGD7 US TREASURY N/B NOTES 4.25% 12/31/2024 74,465.01 -1,027.999/6/2023 9/8/2023 150,000.00 91282CGD7 US TREASURY N/B NOTES 4.25% 12/31/2024 149,132.56 -2,027.77 40 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
SELL9/6/2023 9/8/2023 130,000.00 24422EUX5 JOHN DEERE CAPITAL CORP CORP NOTES 2.60% 3/7/2024 128,085.39 -1,900.819/11/2023 9/11/2023 300,000.00 06406RBC0 BANK OF NY MELLON CORP (CALLABLE) CORP N 3.35% 4/25/2025 294,772.42 -9,085.299/14/2023 9/14/2023 610,000.00 91282CGD7 US TREASURY N/B NOTES 4.25% 12/31/2024 607,276.35 -7,867.689/15/2023 9/15/2023 500,000.00 91282CGD7 US TREASURY N/B NOTES 4.25% 12/31/2024 497,727.58 -6,546.939/19/2023 9/20/2023 125,000.00 912828YY0 US TREASURY NOTES 1.75% 12/31/2024 119,940.56 -895.079/20/2023 9/20/2023 25,000.00 912828YY0 US TREASURY NOTES 1.75% 12/31/2024 23,992.02 -175.119/21/2023 9/27/2023 125,000.00 912828YY0 US TREASURY NOTES 1.75% 12/31/2024 120,021.23 -925.589/21/2023 9/27/2023 575,000.00 91282CGD7 US TREASURY N/B NOTES 4.25% 12/31/2024 572,869.14 -7,848.459/28/2023 9/28/2023 5,000.00 91282CGD7 US TREASURY N/B NOTES 4.25% 12/31/2024 4,982.24 -68.06 Total SELL 7,850,000.00 7,665,390.27 -195,497.42
41 © PFM Asset Management LLC | pfmam.com
Portfolio Holdings
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Managed Account Detail of Securities Held
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY N/B NOTESDTD 12/31/2022 4.250% 12/31/2024
91282CGD7 4,585,000.00 AA+ Aaa 1/31/2023 2/1/2023 4,582,671.69 4.28 49,245.14 4,583,477.77 4,521,956.25 US TREASURY NOTESDTD 01/31/2020 1.375% 01/31/2025
912828Z52 100,000.00 AA+ Aaa 2/19/2020 2/20/2020 99,859.38 1.40 231.66 99,962.02 94,937.50 US TREASURY N/B NOTESDTD 01/31/2023 4.125% 01/31/2025
91282CGG0 2,000,000.00 AA+ Aaa 2/6/2023 2/7/2023 1,987,890.63 4.45 13,899.46 1,991,837.88 1,968,750.00 US TREASURY NOTESDTD 02/29/2020 1.125% 02/28/2025
912828ZC7 775,000.00 AA+ Aaa 3/2/2020 3/4/2020 785,837.89 0.84 742.53 778,069.35 731,285.20 US TREASURY N/B NOTESDTD 04/15/2022 2.625% 04/15/2025
91282CEH0 200,000.00 AA+ Aaa 6/30/2023 6/30/2023 191,843.75 5.03 2,424.18 193,001.81 192,312.50 US TREASURY NOTESDTD 04/30/2020 0.375% 04/30/2025
912828ZL7 300,000.00 AA+ Aaa 10/4/2021 10/6/2021 296,988.28 0.66 470.79 298,665.31 278,062.50 US TREASURY NOTESDTD 04/30/2020 0.375% 04/30/2025
912828ZL7 400,000.00 AA+ Aaa 6/3/2020 6/5/2020 399,875.00 0.38 627.72 399,959.71 370,750.00 US TREASURY NOTESDTD 05/31/2020 0.250% 05/31/2025
912828ZT0 325,000.00 AA+ Aaa 6/30/2020 6/30/2020 324,873.05 0.26 273.05 324,957.02 299,609.38 US TREASURY NOTESDTD 05/31/2020 0.250% 05/31/2025
912828ZT0 425,000.00 AA+ Aaa 5/4/2021 5/6/2021 418,824.22 0.61 357.07 422,473.17 391,796.88 US TREASURY NOTESDTD 05/31/2020 0.250% 05/31/2025
912828ZT0 325,000.00 AA+ Aaa 6/10/2021 6/10/2021 321,039.06 0.56 273.05 323,340.28 299,609.37 US TREASURY NOTESDTD 06/30/2020 0.250% 06/30/2025
912828ZW3 725,000.00 AA+ Aaa 6/28/2021 6/29/2021 711,774.41 0.71 458.05 719,228.50 666,207.00 US TREASURY NOTESDTD 07/31/2020 0.250% 07/31/2025
91282CAB7 400,000.00 AA+ Aaa 7/1/2021 7/7/2021 392,281.25 0.73 168.48 396,522.66 366,187.52 US TREASURY NOTESDTD 08/31/2020 0.250% 08/31/2025
91282CAJ0 700,000.00 AA+ Aaa 8/4/2021 8/9/2021 691,824.22 0.54 149.04 696,140.90 638,531.25 US TREASURY NOTESDTD 10/31/2020 0.250% 10/31/2025
91282CAT8 25,000.00 AA+ Aaa 8/26/2021 8/27/2021 24,516.60 0.72 26.15 24,758.93 22,660.16 US TREASURY NOTESDTD 11/30/2020 0.375% 11/30/2025
91282CAZ4 300,000.00 AA+ Aaa 10/4/2021 10/6/2021 294,796.88 0.80 378.08 297,285.18 271,734.36 42 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY NOTESDTD 11/30/2020 0.375% 11/30/2025
91282CAZ4 300,000.00 AA+ Aaa 12/1/2020 12/3/2020 299,343.75 0.42 378.08 299,715.25 271,734.36 US TREASURY NOTESDTD 12/31/2020 0.375% 12/31/2025
91282CBC4 300,000.00 AA+ Aaa 1/7/2021 1/11/2021 298,804.69 0.46 284.31 299,458.65 271,125.00 US TREASURY N/B NOTESDTD 01/15/2023 3.875% 01/15/2026
91282CGE5 750,000.00 AA+ Aaa 1/26/2023 1/27/2023 749,794.92 3.88 6,159.99 749,841.65 732,187.50 US TREASURY N/B NOTESDTD 01/15/2023 3.875% 01/15/2026
91282CGE5 2,000,000.00 AA+ Aaa 2/6/2023 2/7/2023 1,986,562.50 4.12 16,426.63 1,989,518.00 1,952,500.00 US TREASURY NOTESDTD 01/31/2021 0.375% 01/31/2026
91282CBH3 200,000.00 AA+ Aaa 2/25/2021 2/26/2021 196,812.50 0.70 126.36 198,489.48 180,000.00 US TREASURY NOTESDTD 02/28/2021 0.500% 02/28/2026
91282CBQ3 725,000.00 AA+ Aaa 9/2/2021 9/7/2021 718,542.97 0.70 308.72 721,520.71 652,613.25 US TREASURY NOTESDTD 02/28/2021 0.500% 02/28/2026
91282CBQ3 300,000.00 AA+ Aaa 3/1/2021 3/3/2021 296,800.78 0.72 127.75 298,453.92 270,046.86 US TREASURY N/B NOTESDTD 04/15/2023 3.750% 04/15/2026
91282CGV7 250,000.00 AA+ Aaa 4/21/2023 4/24/2023 249,023.44 3.89 4,328.89 249,167.18 243,125.00 US TREASURY N/B NOTESDTD 05/31/2021 0.750% 05/31/2026
91282CCF6 100,000.00 AA+ Aaa 6/3/2021 6/8/2021 99,566.41 0.84 252.05 99,767.94 89,781.25 US TREASURY NOTESDTD 08/15/2016 1.500% 08/15/2026
9128282A7 200,000.00 AA+ Aaa 9/8/2022 9/13/2022 185,492.19 3.50 383.15 189,372.42 182,312.50 US TREASURY N/B NOTESDTD 09/30/2021 0.875% 09/30/2026
91282CCZ2 225,000.00 AA+ Aaa 10/7/2021 10/12/2021 223,444.34 1.02 5.38 224,060.94 200,777.36 US TREASURY N/B NOTESDTD 10/31/2021 1.125% 10/31/2026
91282CDG3 225,000.00 AA+ Aaa 11/15/2021 11/17/2021 223,611.33 1.25 1,059.27 224,135.63 201,585.94 US TREASURY N/B NOTESDTD 10/31/2021 1.125% 10/31/2026
91282CDG3 275,000.00 AA+ Aaa 11/3/2021 11/4/2021 274,108.40 1.19 1,294.67 274,448.99 246,382.81 US TREASURY NOTESDTD 11/15/2016 2.000% 11/15/2026
912828U24 3,000,000.00 AA+ Aaa 1/31/2023 2/1/2023 2,811,445.31 3.80 22,663.04 2,844,438.97 2,759,062.50 US TREASURY N/B NOTESDTD 11/30/2021 1.250% 11/30/2026
91282CDK4 300,000.00 AA+ Aaa 12/2/2021 12/7/2021 300,386.72 1.22 1,260.25 300,245.77 269,156.25 US TREASURY N/B NOTESDTD 12/31/2021 1.250% 12/31/2026
91282CDQ1 325,000.00 AA+ Aaa 1/3/2022 1/6/2022 323,273.44 1.36 1,026.66 323,873.94 291,128.89 US TREASURY NOTESDTD 02/15/2017 2.250% 02/15/2027
912828V98 5,000,000.00 AA+ Aaa 1/26/2023 1/27/2023 4,731,445.31 3.69 14,368.21 4,776,264.91 4,614,062.50 43 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY NOTESDTD 02/15/2017 2.250% 02/15/2027
912828V98 1,000,000.00 AA+ Aaa 2/6/2023 2/7/2023 938,828.13 3.91 2,873.64 948,655.61 922,812.50 US TREASURY N/B NOTESDTD 03/31/2022 2.500% 03/31/2027
91282CEF4 600,000.00 AA+ Aaa 4/14/2022 4/18/2022 592,851.56 2.76 40.98 594,951.02 557,250.00 US TREASURY N/B NOTESDTD 04/30/2022 2.750% 04/30/2027
91282CEN7 325,000.00 AA+ Aaa 5/4/2022 5/6/2022 320,886.72 3.03 3,740.15 322,046.12 303,925.77 US TREASURY N/B NOTESDTD 05/31/2022 2.625% 05/31/2027
91282CET4 350,000.00 AA+ Aaa 6/1/2022 6/6/2022 344,818.36 2.95 3,087.60 346,190.64 325,390.63 US TREASURY N/B NOTESDTD 05/31/2022 2.625% 05/31/2027
91282CET4 375,000.00 AA+ Aaa 6/9/2022 6/10/2022 367,309.57 3.07 3,308.15 369,333.81 348,632.81 US TREASURY N/B NOTESDTD 06/30/2022 3.250% 06/30/2027
91282CEW7 750,000.00 AA+ Aaa 6/1/2023 6/5/2023 733,623.05 3.83 6,159.99 734,923.51 712,500.00 US TREASURY N/B NOTESDTD 11/30/2022 3.875% 11/30/2027
91282CFZ9 625,000.00 AA+ Aaa 12/28/2022 12/29/2022 622,265.63 3.97 8,139.09 622,685.60 605,859.38 US TREASURY N/B NOTESDTD 12/31/2022 3.875% 12/31/2027
91282CGC9 3,000,000.00 AA+ Aaa 1/26/2023 1/27/2023 3,035,507.81 3.61 29,378.40 3,030,632.64 2,908,125.00 US TREASURY N/B NOTESDTD 01/31/2023 3.500% 01/31/2028
91282CGH8 2,000,000.00 AA+ Aaa 1/31/2023 2/1/2023 1,987,109.38 3.64 11,793.48 1,988,818.71 1,909,375.00 US TREASURY N/B NOTESDTD 05/31/2023 3.625% 05/31/2028
91282CHE4 1,000,000.00 AA+ Aaa 6/29/2023 6/30/2023 977,656.25 4.13 12,182.38 978,812.60 958,593.80 Security Type Sub-Total 36,085,000.00 35,414,211.77 3.20 220,881.72 35,549,505.10 34,094,436.73 Supranational
INTER-AMERICAN DEVEL BK NOTESDTD 09/23/2021 0.500% 09/23/2024 4581X0DZ8 330,000.00 AAA Aaa 9/15/2021 9/23/2021 329,755.80 0.52 36.67 329,920.23 314,080.14 INTL BK RECON & DEVELOP NOTESDTD 07/19/2022 3.125% 06/15/2027 459058KJ1 275,000.00 AAA Aaa 7/12/2022 7/19/2022 274,857.00 3.14 2,530.38 274,892.03 259,146.25 Security Type Sub-Total 605,000.00 604,612.80 1.71 2,567.05 604,812.26 573,226.39 44 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Negotiable CD
CREDIT AGRICOLE CIB NY CERTDEPOSDTD 08/19/2022 4.100% 08/16/2024 22536AZR8 250,000.00 A-1 P-1 8/17/2022 8/19/2022 250,000.00 4.07 1,309.72 250,000.00 249,975.00 TORONTO DOMINION BANK NY CERTDEPOSDTD 10/31/2022 5.600% 10/27/2025 89115B6K1 325,000.00 A A1 10/27/2022 10/31/2022 325,000.00 5.58 16,936.11 325,000.00 324,891.74 NORDEA BANK ABP NEW YORK CERTDEPOSDTD 11/03/2022 5.530% 11/03/2025 65558UYF3 325,000.00 AA- Aa3 11/2/2022 11/3/2022 325,000.00 5.53 7,388.69 325,000.00 322,439.98 NATIXIS NY BRANCH CERT DEPOSDTD 09/20/2023 5.610% 09/18/2026 63873QP65 500,000.00 A A1 9/18/2023 9/20/2023 500,000.00 5.58 857.08 500,000.00 498,390.00 Security Type Sub-Total 1,400,000.00 1,400,000.00 5.30 26,491.60 1,400,000.00 1,395,696.72 Municipal
NJ TURNPIKE AUTHORITY TXBL REVBONDSDTD 02/04/2021 0.897% 01/01/2025 646140DN0 70,000.00 AA- A1 1/22/2021 2/4/2021 70,000.00 0.90 156.98 70,000.00 66,224.20 NY ST URBAN DEV CORP TXBL REVBONDSDTD 12/23/2020 0.870% 03/15/2025 650036DT0 340,000.00 NR NR 12/16/2020 12/23/2020 340,000.00 0.87 131.47 340,000.00 316,448.20 FL ST BOARD OF ADMIN TXBL REVBONDSDTD 09/16/2020 1.258% 07/01/2025 341271AD6 255,000.00 AA Aa3 9/3/2020 9/16/2020 255,000.00 1.26 801.98 255,000.00 236,994.45 CA ST MUNICIPAL BONDSDTD 03/15/2023 4.846% 03/01/2027
13063D3N6 265,000.00 AA- Aa2 3/9/2023 3/15/2023 265,000.00 4.85 1,070.16 265,000.00 263,953.25 Security Type Sub-Total 930,000.00 930,000.00 2.16 2,160.59 930,000.00 883,620.10 Joint Powers Authority
CAMP Pool 3,765.22 AAAm NR 3,765.22 0.00 3,765.22 3,765.22 Security Type Sub-Total 3,765.22 3,765.22 0.00 3,765.22 3,765.22 45 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Federal Agency
FANNIE MAE NOTESDTD 04/24/2020 0.625% 04/22/2025
3135G03U5 290,000.00 AA+ Aaa 4/22/2020 4/24/2020 289,402.60 0.67 800.52 289,813.64 270,049.74 FREDDIE MAC NOTESDTD 07/23/2020 0.375% 07/21/2025
3137EAEU9 395,000.00 AA+ Aaa 7/21/2020 7/23/2020 393,032.90 0.48 288.02 394,289.30 362,538.11 FANNIE MAE NOTESDTD 08/27/2020 0.375% 08/25/2025
3135G05X7 795,000.00 AA+ Aaa 8/25/2020 8/27/2020 791,279.40 0.47 298.13 793,584.38 726,809.67 FREDDIE MAC NOTESDTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 295,000.00 AA+ Aaa 9/23/2020 9/25/2020 294,112.05 0.44 24.58 294,648.03 269,021.42 Security Type Sub-Total 1,775,000.00 1,767,826.95 0.50 1,411.25 1,772,335.35 1,628,418.94 Corporate
NATIONAL RURAL UTIL COOPCORPORATE NOTESDTD 02/08/2021 0.350% 02/08/2024 63743HEU2 65,000.00 A- A2 2/1/2021 2/8/2021 64,955.15 0.37 33.49 63,776.31 64,994.68 CHARLES SCHWAB CORP NOTES(CALLABLE)DTD 03/18/2021 0.750% 03/18/2024 808513BN4 105,000.00 A- A2 3/16/2021 3/18/2021 104,947.50 0.77 28.44 104,991.90 102,519.48 HSBC USA INC CORPORATE NOTESDTD 05/24/2022 3.750% 05/24/2024 40428HTA0 240,000.00 A- A1 5/17/2022 5/24/2022 239,990.40 3.75 3,175.00 239,996.90 236,091.36

ASTRAZENECA FINANCE LLC
(CALLABLE) CORPDTD 05/28/2021 0.700% 05/28/2024
04636NAC7 155,000.00 A A2 5/25/2021 5/28/2021 154,986.05 0.70 370.71 154,996.95 149,964.52 BMW US CAPITAL LLC CORPORATENOTESDTD 08/12/2021 0.750% 08/12/2024 05565EBU8 70,000.00 A A2 8/9/2021 8/12/2021 69,993.70 0.75 71.46 69,998.18 67,029.20 WALT DISNEY COMPANY/THE(CALLABLE)DTD 09/06/2019 1.750% 08/30/2024 254687FK7 325,000.00 A- A2 9/3/2019 9/6/2019 323,674.00 1.84 489.76 324,756.66 313,809.28 NESTLE HOLDINGS INC CORP NOTES(CALLABLEDTD 09/14/2021 0.606% 09/14/2024 641062AU8 245,000.00 AA- Aa3 9/7/2021 9/14/2021 245,000.00 0.61 70.11 245,000.00 233,827.76 BANK OF AMERICA CORP(CALLABLE) CORPORATDTD 10/21/2020 0.810% 10/24/2024 06051GJH3 300,000.00 A- A1 10/16/2020 10/21/2020 300,000.00 0.81 1,059.75 300,000.00 298,138.50 46 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
BANK OF NY MELLON CORPDTD 10/24/2019 2.100% 10/24/2024
06406RAL1 110,000.00 A A1 1/21/2020 1/28/2020 110,484.00 2.00 1,007.42 110,108.77 105,740.91

ADOBE INC (CALLABLE) CORP NOTE
DTD 02/03/2020 1.900% 02/01/2025
00724PAB5 175,000.00 A+ A2 1/26/2022 1/28/2022 177,077.25 1.50 554.17 175,889.97 166,928.13 PACCAR FINANCIAL CORPCORPORATE NOTESDTD 02/06/2020 1.800% 02/06/2025 69371RQ66 80,000.00 A+ A1 10/22/2020 10/29/2020 83,608.80 0.73 220.00 81,142.05 76,075.60 NATIONAL RURAL UTIL COOPCORPORATE NOTESDTD 02/07/2022 1.875% 02/07/2025 63743HFC1 45,000.00 A- A2 1/31/2022 2/7/2022 44,998.65 1.88 126.56 44,999.39 42,725.25 TOYOTA MOTOR CREDIT CORP CORPNOTESDTD 02/13/2020 1.800% 02/13/2025 89236TGT6 20,000.00 A+ A1 5/20/2020 5/26/2020 20,195.40 1.58 48.00 20,056.78 18,997.18 TOYOTA MOTOR CREDIT CORP CORPNOTESDTD 02/13/2020 1.800% 02/13/2025 89236TGT6 50,000.00 A+ A1 5/20/2020 5/26/2020 50,488.50 1.58 120.00 50,141.96 47,492.95 JPMORGAN CHASE & CO CORPNOTES (CALLABLEDTD 02/16/2021 0.563% 02/16/2025 46647PBY1 60,000.00 A- A1 2/9/2021 2/16/2021 60,000.00 0.56 42.23 60,000.00 58,582.62

AMERICAN EXPRESS CO CORP
NOTES (CALLABLEDTD 03/04/2022 2.250% 03/04/2025
025816CQ0 85,000.00 BBB+ A2 3/1/2022 3/4/2022 84,914.15 2.29 143.44 84,959.27 80,760.37 ROCHE HOLDINGS INC (CALLABLE)CORPORATEDTD 03/10/2022 2.132% 03/10/2025 771196BT8 425,000.00 AA Aa2 3/3/2022 3/10/2022 425,000.00 2.13 528.56 425,000.00 405,345.03 HSBC USA INC CORPORATE NOTESDTD 03/17/2023 5.625% 03/17/2025 40428HVL3 275,000.00 A- A1 3/9/2023 3/17/2023 274,532.50 5.72 601.56 274,659.13 273,306.00 BURLINGTN NORTH SANTA FE CORPNOTES (CALDTD 03/09/2015 3.000% 04/01/2025 12189LAV3 110,000.00 AA- A3 3/5/2021 3/9/2021 118,429.30 1.07 1,650.00 112,769.45 106,309.72 AMAZON.COM INC CORPORATE
NOTESDTD 04/13/2022 3.000% 04/13/2025
023135CE4 95,000.00 AA A1 4/11/2022 4/13/2022 94,848.95 3.06 1,330.00 94,922.82 91,736.09 HOME DEPOT INC (CALLABLE)CORPORATE NOTEDTD 03/28/2022 2.700% 04/15/2025 437076CM2 25,000.00 A A2 3/24/2022 3/28/2022 24,956.25 2.76 311.25 24,977.93 24,018.83 47 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
BANK OF NY MELLON (CALLABLE)CORP NOTESDTD 04/24/2020 1.600% 04/24/2025 06406RAN7 115,000.00 A A1 3/11/2021 3/15/2021 117,725.50 1.01 802.44 116,001.20 107,801.46 USAA CAPITAL CORP CORPORATENOTESDTD 05/26/2022 3.375% 05/01/2025 90327QD89 150,000.00 AA Aa1 5/23/2022 5/26/2022 149,509.50 3.49 2,109.38 149,735.29 144,230.55 CINTAS CORPORATION NO. 2 CORPNOTE (CALLDTD 05/03/2022 3.450% 05/01/2025 17252MAP5 70,000.00 A- A3 4/26/2022 5/3/2022 69,984.60 3.46 1,006.25 69,991.86 67,690.56 CITIGROUP INC (CALLABLE)CORPORATE NOTESDTD 05/04/2021 0.981% 05/01/2025 172967MX6 125,000.00 BBB+ A3 4/27/2021 5/4/2021 125,000.00 0.98 510.94 125,000.00 120,721.13 JPMORGAN CHASE & CO (CALLABLE)CORP NOTEDTD 06/01/2021 0.824% 06/01/2025 46647PCH7 135,000.00 A- A1 5/24/2021 6/1/2021 135,000.00 0.82 370.80 135,000.00 130,502.07 NATIONAL RURAL UTIL COOPCORPORATE NOTESDTD 05/04/2022 3.450% 06/15/2025 63743HFE7 30,000.00 A- A2 4/27/2022 5/4/2022 29,991.90 3.46 304.75 29,995.57 28,896.60 IBM CORP CORPORATE NOTESDTD 07/27/2022 4.000% 07/27/2025 459200KS9 240,000.00 A- A3 7/20/2022 7/27/2022 240,000.00 4.00 1,706.67 240,000.00 233,444.64 COLGATE-PALMOLIVE COCORPORATE NOTESDTD 08/09/2022 3.100% 08/15/2025 194162AM5 25,000.00 AA- Aa3 8/1/2022 8/9/2022 24,977.00 3.13 99.03 24,985.72 24,016.53 WALMART INC CORPORATE NOTESDTD 09/09/2022 3.900% 09/09/2025 931142EW9 125,000.00 AA Aa2 9/6/2022 9/9/2022 124,912.50 3.93 297.92 124,943.40 121,765.00 NESTLE HOLDINGS INC CORP NOTEDTD 09/13/2022 4.000% 09/12/2025 641062BA1 150,000.00 AA- Aa3 9/6/2022 9/13/2022 149,950.50 4.01 316.67 149,967.81 146,260.20 HOME DEPOT INC NOTES (CALLABLE)DTD 09/19/2022 4.000% 09/15/2025 437076CR1 35,000.00 A A2 9/12/2022 9/19/2022 34,987.40 4.01 62.22 34,991.75 34,161.75 LOCKHEED MARTIN CORP NOTES(CALLABLE)DTD 10/24/2022 4.950% 10/15/2025 539830BU2 55,000.00 A- A2 10/19/2022 10/24/2022 54,843.25 5.05 1,255.38 54,892.57 54,559.45 PNC FINANCIAL SERVICES CORPNOTE (CALLABDTD 10/28/2022 5.671% 10/28/2025 693475BH7 105,000.00 A- A3 10/25/2022 10/28/2022 105,000.00 5.67 2,530.68 105,000.00 103,915.88 48 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
NATIONAL RURAL UTIL COOPCORPORATE NOTESDTD 10/31/2022 5.450% 10/30/2025 63743HFF4 30,000.00 A- A2 10/20/2022 10/31/2022 29,959.80 5.50 685.79 29,972.10 29,992.50 LINDE INC/CT CORPORATE NOTES(CALLABLE)DTD 12/05/2022 4.700% 12/05/2025 53522KAB9 225,000.00 A A2 11/28/2022 12/5/2022 224,757.00 4.74 3,407.50 224,823.51 222,045.08 NATIONAL AUSTRALIA BK/NYCORPORATE NOTESDTD 01/12/2023 4.966% 01/12/2026 63253QAA2 305,000.00 AA- Aa3 1/4/2023 1/12/2023 305,000.00 4.97 3,323.77 305,000.00 301,209.77 CITIGROUP INC CORP NOTES(CALLABLE)DTD 01/25/2022 2.014% 01/25/2026 17327CAN3 60,000.00 BBB+ A3 1/18/2022 1/25/2022 60,000.00 2.01 221.54 60,000.00 56,617.14 STATE STREET CORP NOTES(CALLABLE)DTD 01/26/2023 4.857% 01/26/2026 857477BZ5 50,000.00 A A1 1/23/2023 1/26/2023 50,000.00 4.86 438.48 50,000.00 49,224.00 STATE STREET CORP (CALLABLE)CORPORATE NDTD 02/07/2022 1.746% 02/06/2026 857477BR3 75,000.00 A A1 2/2/2022 2/7/2022 75,000.00 1.75 200.06 75,000.00 70,563.38 GOLDMAN SACHS GROUP INC CORPNOTES (CALLDTD 02/12/2021 0.855% 02/12/2026 38141GXS8 140,000.00 BBB+ A2 2/12/2021 2/17/2021 140,285.60 0.81 162.93 140,098.08 129,494.96 PEPSICO INC CORP NOTES(CALLABLE)DTD 02/15/2023 4.550% 02/13/2026 713448FQ6 295,000.00 A+ A1 2/13/2023 2/15/2023 294,828.90 4.57 1,789.67 294,864.56 291,949.70 JPMORGAN CHASE & CO CORPNOTES (CALLABLEDTD 02/24/2022 2.595% 02/24/2026 46647PCV6 100,000.00 A- A1 2/16/2022 2/24/2022 100,000.00 2.60 266.71 100,000.00 95,239.20 COMMONWEALTH BK AUSTR NYCORPORATE NOTESDTD 03/13/2023 5.316% 03/13/2026 20271RAR1 500,000.00 AA- Aa3 3/6/2023 3/13/2023 500,000.00 5.32 1,329.00 500,000.00 497,947.00 NATIONAL RURAL UTIL COOP CORPNOTES (CALDTD 02/09/2023 4.450% 03/13/2026 63743HFH0 65,000.00 A- A2 2/2/2023 2/9/2023 64,953.85 4.47 144.63 64,963.42 63,375.00 CITIGROUP INC CORP NOTES(CALLABLE)DTD 03/17/2022 3.290% 03/17/2026 172967NL1 65,000.00 BBB+ A3 3/10/2022 3/17/2022 65,000.00 3.29 83.16 65,000.00 62,205.13 49 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
PACCAR FINANCIAL CORPCORPORATE NOTESDTD 03/30/2023 4.450% 03/30/2026 69371RS49 350,000.00 A+ A1 3/27/2023 3/30/2023 349,765.50 4.47 43.26 349,805.08 343,503.30 STATE STREET CORP NOTES(CALLABLE)DTD 10/29/2020 2.901% 03/30/2026 857477BM4 200,000.00 A A1 2/17/2022 2/22/2022 204,026.00 2.38 16.12 201,941.87 191,179.80 JPMORGAN CHASE & CO (CALLABLE)CORPORATEDTD 04/26/2022 4.080% 04/26/2026 46647PCZ7 100,000.00 A- A1 4/19/2022 4/26/2022 100,000.00 4.08 1,756.67 100,000.00 97,011.10 UNITEDHEALTH GROUP INC(CALLABLE) CORPORDTD 05/19/2021 1.150% 05/15/2026 91324PEC2 250,000.00 A+ A2 5/17/2021 5/19/2021 249,565.00 1.19 1,086.11 249,771.52 224,916.25

AMERICAN HONDA FINANCE
CORPORATE NOTESDTD 07/07/2023 5.250% 07/07/2026
02665WEK3 155,000.00 A- A3 7/5/2023 7/7/2023 154,809.35 5.29 1,898.75 154,824.31 154,028.31 MORGAN STANLEY CORP NOTESDTD 07/25/2016 3.125% 07/27/2026 61761J3R8 175,000.00 A- A1 12/2/2021 12/6/2021 184,782.50 1.86 972.22 180,948.04 162,289.58 TRUIST FIN CORP NOTES (CALLABLE)DTD 07/28/2022 4.260% 07/28/2026 89788MAH5 105,000.00 A- A3 7/25/2022 7/28/2022 105,000.00 4.26 782.78 105,000.00 100,931.99 STATE STREET CORP NOTES(CALLABLE)DTD 08/03/2023 5.272% 08/03/2026 857477CD3 195,000.00 A A1 7/31/2023 8/3/2023 195,000.00 5.27 1,656.29 195,000.00 192,688.08 WELLS FARGO BANK NA BANKNOTES (CALLABLEDTD 08/09/2023 5.450% 08/07/2026 94988J6D4 250,000.00 A+ Aa2 8/3/2023 8/9/2023 249,782.50 5.48 1,968.06 249,793.04 248,456.25 TOYOTA MOTOR CREDIT CORPCORPORATE NOTESDTD 08/14/2023 5.000% 08/14/2026 89236TKX2 275,000.00 A+ A1 8/9/2023 8/14/2023 274,667.25 5.04 1,795.14 274,681.82 272,168.05 HERSHEY COMPANY CORP NOTES(CALLABLE)DTD 08/09/2016 2.300% 08/15/2026 427866AX6 350,000.00 A A1 1/26/2023 1/30/2023 326,788.00 4.34 1,028.61 331,168.30 324,438.45 BANK OF AMERICA NA CORPORATENOTESDTD 08/18/2023 5.526% 08/18/2026 06428CAA2 450,000.00 A+ Aa1 8/14/2023 8/18/2023 450,000.00 5.53 2,970.23 450,000.00 447,711.75 50 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
JOHN DEERE CAPITAL CORPCORPORATE NOTESDTD 09/08/2023 5.150% 09/08/2026 24422EXD6 300,000.00 A A2 9/5/2023 9/8/2023 299,787.00 5.18 987.08 299,780.24 298,761.00 BANK OF AMERICA CORP(CALLABLE) CORPORATDTD 10/21/2020 1.197% 10/24/2026 06051GJK6 225,000.00 A- A1 12/2/2021 12/6/2021 219,908.25 1.68 1,174.56 221,804.45 203,478.75 TRUIST FINANCIAL CORP NOTES(CALLABLE)DTD 10/28/2022 5.900% 10/28/2026 89788MAJ1 110,000.00 A- A3 10/26/2022 10/28/2022 110,000.00 5.90 2,758.25 110,000.00 108,919.47 STATE STREET CORP NOTES(CALLABLE)DTD 11/04/2022 5.751% 11/04/2026 857477BX0 45,000.00 A A1 11/1/2022 11/4/2022 45,000.00 5.75 1,056.75 45,000.00 44,907.71

AMERICAN HONDA FINANCE
CORPORATE NOTESDTD 01/10/2020 2.350% 01/08/2027
02665WDJ7 250,000.00 A- A3 2/6/2023 2/8/2023 230,772.50 4.51 1,354.51 233,932.26 226,624.00 TARGET CORP CORP NOTES(CALLABLE)DTD 01/24/2022 1.950% 01/15/2027 87612EBM7 45,000.00 A A2 1/19/2022 1/24/2022 44,923.50 1.99 185.25 44,949.39 40,602.51 TARGET CORP CORP NOTES(CALLABLE)DTD 01/24/2022 1.950% 01/15/2027 87612EBM7 155,000.00 A A2 1/28/2022 2/1/2022 154,446.65 2.03 638.08 154,632.32 139,853.09 PNC FINANCIAL SERVICES CORPNOTES (CALLADTD 01/24/2023 4.758% 01/26/2027 693475BL8 40,000.00 A- A3 1/19/2023 1/24/2023 40,000.00 4.76 343.63 40,000.00 38,907.08 MORGAN STANLEY CORPORATENOTES (CALLABLEDTD 01/19/2023 5.050% 01/28/2027 61747YEZ4 200,000.00 A- A1 1/17/2023 1/19/2023 199,996.00 5.05 1,767.50 199,996.69 196,173.00 JOHN DEERE CAPITAL CORPCORPORATE NOTESDTD 03/07/2022 2.350% 03/08/2027 24422EWD7 125,000.00 A A2 3/8/2022 3/10/2022 124,690.00 2.40 187.67 124,786.88 113,383.13 BMW US CAPITAL LLC (CALLABLE)CORP NOTESDTD 04/01/2022 3.450% 04/01/2027 05565ECA1 150,000.00 A A2 4/1/2022 4/5/2022 150,480.00 3.38 2,587.50 150,334.20 140,667.15 BANK OF NY MELLON CORP NOTES(CALLABLE)DTD 04/26/2023 4.947% 04/26/2027 06406RBQ9 325,000.00 A A1 4/19/2023 4/26/2023 325,000.00 4.95 6,922.36 325,000.00 315,958.18 51 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
NORTHERN TRUST CORP NOTE(CALLABLE)DTD 05/10/2022 4.000% 05/10/2027 665859AW4 150,000.00 A+ A2 5/11/2022 5/13/2022 151,750.50 3.74 2,350.00 151,256.49 141,916.95

APPLE INC CORP NOTES (CALLABLE)
DTD 05/11/2017 3.200% 05/11/2027
037833CR9 250,000.00 AA+ Aaa 5/23/2022 5/25/2022 247,552.50 3.42 3,111.11 248,219.75 234,721.50 INTEL CORP NOTES (CALLABLE)DTD 08/05/2022 3.750% 08/05/2027 458140BY5 225,000.00 A A2 8/5/2022 8/9/2022 224,340.75 3.82 1,312.50 224,491.99 212,314.05 HOME DEPOT INC CORP NOTES(CALLABLE)DTD 09/14/2017 2.800% 09/14/2027 437076BT8 250,000.00 A A2 2/6/2023 2/8/2023 234,095.00 4.34 330.56 236,321.13 228,950.50 CITIGROUP INC CORP (CALLABLE)NOTESDTD 01/10/2017 3.887% 01/10/2028 172967LD1 175,000.00 BBB+ A3 6/12/2023 6/14/2023 165,800.25 5.19 1,530.51 166,400.35 163,292.15 HONEYWELL INTL CORP NOTES(CALLABLE)DTD 11/02/2022 4.950% 02/15/2028 438516CJ3 225,000.00 A A2 6/1/2023 6/5/2023 231,572.25 4.26 1,423.13 231,112.00 223,817.40 TEXAS INSTRUMENTS INC CORPNOTE (CALLABLDTD 11/18/2022 4.600% 02/15/2028 882508BV5 115,000.00 A+ Aa3 5/11/2023 5/18/2023 117,764.60 4.04 675.94 117,543.82 112,617.55 WELLS FARGO CORP NOTES(CALLABLE)DTD 03/24/2022 3.526% 03/24/2028 95000U2V4 250,000.00 BBB+ A1 6/1/2023 6/5/2023 235,302.50 4.91 171.40 236,291.27 228,704.25 JPMORGAN CHASE & CORP NOTES(CALLABLE)DTD 04/25/2017 3.540% 05/01/2028 46647PAF3 250,000.00 A- A1 6/12/2023 6/14/2023 234,055.00 5.03 3,687.50 235,029.76 229,901.50 HERSHEY COMPANY CORP NOTESCALLABLEDTD 05/04/2023 4.250% 05/04/2028 427866BH0 325,000.00 A A1 5/8/2023 5/10/2023 326,979.25 4.11 5,640.10 326,820.11 314,158.98 GENERAL DYNAMICS CORP NOTES(CALLABLE)DTD 05/11/2018 3.750% 05/15/2028 369550BC1 275,000.00 A- A3 6/1/2023 6/5/2023 266,582.25 4.45 3,895.83 267,132.25 258,467.83 MERCEDES-BENZ FIN NACORPORATE NOTESDTD 08/03/2023 5.100% 08/03/2028 58769JAL1 475,000.00 A A2 8/21/2023 8/23/2023 469,015.00 5.39 3,902.92 469,144.17 464,299.68 52 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
BMW US CAPITAL LLC CORP NOTES(CALLABLE)DTD 08/11/2023 5.050% 08/11/2028 05565ECE3 300,000.00 A A2 8/11/2023 8/15/2023 297,564.00 5.24 2,104.17 297,626.80 293,048.10 Security Type Sub-Total 14,420,000.00 14,336,311.70 3.73 101,481.33 14,335,129.93 13,884,772.19 Agency CMBS
FHMS K047 A2DTD 07/30/2015 3.329% 05/01/2025
3137BKRJ1 300,000.00 AA+ Aaa 5/19/2022 5/24/2022 301,921.88 3.10 832.25 301,035.27 289,821.94 FHLMC SERIES K049 A2DTD 10/01/2015 3.010% 07/01/2025
3137BLMZ8 325,000.00 AA+ Aaa 8/11/2022 8/16/2022 320,416.99 3.53 815.21 322,210.91 311,513.65 FHMS K052 A1DTD 12/01/2015 3.308% 09/01/2025
3137BM7C4 150,000.00 AA+ Aaa 8/5/2022 8/10/2022 148,910.16 3.56 413.50 149,316.66 144,198.64 FHMS K052 A2DTD 02/10/2016 3.151% 11/01/2025
3137BMTX4 250,000.00 AA+ Aaa 7/21/2022 7/26/2022 247,109.38 3.53 656.46 248,155.23 240,135.61 FHMS K053 A2DTD 03/29/2016 2.995% 12/01/2025
3137BN6G4 250,000.00 AA+ Aaa 8/4/2022 8/9/2022 247,119.14 3.36 623.96 248,114.35 238,005.39 FHMS K054 A2DTD 04/20/2016 2.745% 01/01/2026
3137BNGT5 275,000.00 AA+ Aaa 4/11/2023 4/14/2023 263,613.28 4.37 629.06 265,562.67 259,884.21 FHMS K054 A2DTD 04/20/2016 2.745% 01/01/2026
3137BNGT5 250,000.00 AA+ Aaa 3/1/2023 3/6/2023 235,429.69 4.96 571.88 238,380.46 236,258.37 FNA 2016-M3 A2DTD 03/31/2016 2.702% 02/01/2026
3136ARTE8 181,380.85 AA+ Aaa 10/6/2022 10/12/2022 171,121.51 4.55 408.41 174,127.97 170,871.61 FHMS K057 A2DTD 09/28/2016 2.570% 07/01/2026
3137BRQJ7 300,000.00 AA+ Aaa 5/18/2023 5/23/2023 285,257.81 4.26 642.50 286,959.33 279,847.19 FHMS K058 A2DTD 11/09/2016 2.653% 08/01/2026
3137BSP72 450,000.00 AA+ Aaa 4/12/2023 4/17/2023 429,521.48 4.14 994.88 432,366.67 418,884.15 FHMS K061 A2DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 240,000.00 AA+ Aaa 5/19/2023 5/24/2023 232,612.50 4.31 669.40 233,376.52 227,307.03 FHMS K063 A2DTD 03/01/2017 3.430% 01/01/2027
3137BVZ82 700,000.00 AA+ Aaa 5/18/2023 5/23/2023 679,765.63 4.30 2,000.83 681,775.26 662,538.54 FHLMC MULTIFAMILY STRUCTURED PDTD 07/01/2017 3.243% 04/01/2027 3137F1G44 600,000.00 AA+ Aaa 6/12/2023 6/15/2023 573,585.94 4.51 1,621.50 575,644.18 561,878.66 53 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Agency CMBS
FNA 2017-M12 A2DTD 10/30/2017 3.164% 06/01/2027
3136AX7E9 262,587.35 AA+ Aaa 8/24/2023 8/29/2023 245,508.91 5.07 692.45 245,919.69 244,557.03 FNA 2017-M15 A2DTD 12/29/2017 3.060% 09/01/2027
3136AY6X6 360,966.64 AA+ Aaa 8/24/2023 8/29/2023 336,136.08 4.96 920.34 336,695.79 334,765.89 FHMS K743 A2DTD 06/30/2021 1.770% 05/01/2028
3137H14B9 500,000.00 AA+ Aaa 8/10/2023 8/15/2023 437,617.19 4.73 737.50 439,320.85 430,496.56 FHMS K505 A2DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 700,000.00 AA+ Aaa 7/13/2023 7/20/2023 706,991.60 4.59 2,811.08 706,704.54 687,123.14 FNA 2023-M6 A2DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 550,000.00 AA+ Aaa 8/22/2023 8/25/2023 529,203.13 5.07 1,920.42 529,637.38 525,507.52 FHMS K506 A2DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 650,000.00 AA+ Aaa 9/7/2023 9/14/2023 640,384.55 4.99 2,518.75 640,468.10 631,520.77 FHMS KJ47 A1DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 285,000.00 AA+ Aaa 9/19/2023 9/28/2023 284,998.58 5.27 1,252.10 284,998.83 284,244.01 Security Type Sub-Total 7,579,934.84 7,317,225.43 4.45 21,732.48 7,340,770.66 7,179,359.91 ABS
HAROT 2020-3 A3DTD 09/29/2020 0.370% 10/18/2024
43813KAC6 14,854.11 AAA NR 9/22/2020 9/29/2020 14,851.93 0.37 1.98 14,853.55 14,732.92 VZOT 2020-B ADTD 08/12/2020 0.470% 02/20/2025
92290BAA9 676.65 NR Aaa 8/4/2020 8/12/2020 676.51 0.47 0.10 676.61 674.61 CARMX 2020-4 A3DTD 10/21/2020 0.500% 08/15/2025
14316HAC6 23,964.19 AAA NR 10/14/2020 10/21/2020 23,958.92 0.50 5.33 23,962.14 23,576.12 HART 2021-A A3DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 30,411.22 AAA NR 4/20/2021 4/28/2021 30,408.02 0.38 5.14 30,409.79 29,811.09 KCOT 2021-2A A3DTD 07/28/2021 0.560% 11/17/2025
50117XAE2 101,815.77 NR Aaa 7/20/2021 7/28/2021 101,811.93 0.56 25.34 101,813.87 98,103.23 CARMX 2021-1 A3DTD 01/27/2021 0.340% 12/15/2025
14316NAC3 13,144.63 AAA NR 1/20/2021 1/27/2021 13,142.02 0.34 1.99 13,143.45 12,817.39 CARMX 2021-2 A3DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 57,634.38 AAA NR 4/13/2021 4/21/2021 57,621.95 0.52 13.32 57,628.25 55,915.79 TAOT 2021-D A3DTD 11/15/2021 0.710% 04/15/2026
89238JAC9 86,496.66 AAA NR 11/9/2021 11/15/2021 86,494.82 0.71 27.29 86,495.60 83,261.71 54 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
HART 2021-C A3DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 64,265.05 AAA NR 11/9/2021 11/17/2021 64,250.71 0.75 21.14 64,256.68 62,103.69 CARMX 2021-3 A3DTD 07/28/2021 0.550% 06/15/2026
14317DAC4 109,073.06 AAA Aaa 7/21/2021 7/28/2021 109,055.12 0.55 26.66 109,063.12 104,770.01 VALET 2021-1 A3DTD 12/13/2021 1.020% 06/22/2026
92868KAC7 102,810.45 AAA Aaa 12/7/2021 12/13/2021 102,806.42 1.02 32.04 102,808.02 99,261.49 DCENT 2021-A1 A1DTD 09/27/2021 0.580% 09/15/2026
254683CP8 95,000.00 AAA Aaa 9/20/2021 9/27/2021 94,979.66 0.58 24.49 94,987.89 90,369.64 COPAR 2021-1 A3DTD 10/27/2021 0.770% 09/15/2026
14044CAC6 83,395.16 AAA Aaa 10/19/2021 10/27/2021 83,393.58 0.77 28.54 83,394.20 80,035.25 GMCAR 2021-4 A3DTD 10/21/2021 0.680% 09/16/2026
362554AC1 68,980.40 AAA Aaa 10/13/2021 10/21/2021 68,978.65 0.68 19.54 68,979.34 66,232.18 WOART 2021-D A3DTD 11/03/2021 0.810% 10/15/2026
98163KAC6 101,428.44 AAA NR 10/26/2021 11/3/2021 101,414.63 0.81 36.51 101,419.96 97,664.73 KCOT 2022-1A A3DTD 03/23/2022 2.670% 10/15/2026
50117EAC8 170,000.00 NR Aaa 3/15/2022 3/23/2022 169,975.69 2.67 201.73 169,983.81 161,938.24 HART 2022-A A3DTD 03/16/2022 2.220% 10/15/2026
448977AD0 185,000.00 AAA NR 3/9/2022 3/16/2022 184,992.88 2.22 182.53 184,995.28 178,689.96 GMCAR 2022-1 A3DTD 01/19/2022 1.260% 11/16/2026
380146AC4 74,314.63 AAA NR 1/11/2022 1/19/2022 74,308.17 1.26 39.02 74,310.44 71,512.86 HDMOT 2022-A A3DTD 04/20/2022 3.060% 02/15/2027
41284YAD8 175,000.00 AAA Aaa 4/12/2022 4/20/2022 174,970.86 3.06 238.00 174,979.61 171,096.47 COMET 2022-A1 A1DTD 03/30/2022 2.800% 03/15/2027
14041NFZ9 325,000.00 AAA NR 3/23/2022 3/30/2022 324,975.50 2.80 404.44 324,982.94 311,780.17 HART 2023-A A3DTD 04/12/2023 4.580% 04/15/2027
448979AD6 220,000.00 AAA NR 4/4/2023 4/12/2023 219,978.53 4.58 447.82 219,981.05 216,364.24 HART 2022-C A3DTD 11/09/2022 5.390% 06/15/2027
44933DAD3 185,000.00 AAA NR 11/1/2022 11/9/2022 184,999.11 5.39 443.18 184,999.28 183,844.47 KCOT 2023-1A A3DTD 03/31/2023 5.020% 06/15/2027
50117KAC4 240,000.00 NR Aaa 3/28/2023 3/31/2023 239,962.44 5.02 535.47 239,966.94 235,751.98 MBART 2022-1 A3DTD 11/22/2022 5.210% 08/16/2027
58768PAC8 265,000.00 AAA Aaa 11/15/2022 11/22/2022 264,947.58 5.21 613.62 264,957.08 263,240.64 CARMX 2022-4 A3DTD 10/31/2022 5.340% 08/16/2027
14318UAD3 195,000.00 AAA NR 10/26/2022 10/31/2022 194,954.27 5.35 462.80 194,963.02 193,234.43 55 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
MBART 2023-1 A3DTD 01/25/2023 4.510% 11/15/2027
58770AAC7 135,000.00 AAA NR 1/18/2023 1/25/2023 134,983.80 4.51 270.60 134,986.10 132,440.10 HDMOT 2023-A A3DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 230,000.00 NR Aaa 2/13/2023 2/23/2023 229,976.84 5.05 516.22 229,979.74 227,046.50 KCOT 2023-2A A3DTD 07/26/2023 5.280% 01/18/2028
500945AC4 175,000.00 NR Aaa 7/18/2023 7/26/2023 174,955.80 5.29 410.67 174,957.61 173,177.74 BAAT 2023-1A A3DTD 07/31/2023 5.530% 02/15/2028
06428AAC2 235,000.00 NR Aaa 7/25/2023 7/31/2023 234,991.09 5.53 577.58 234,991.42 234,407.94 FORDO 2023-A A3DTD 03/31/2023 4.650% 02/15/2028
344928AD8 180,000.00 AAA NR 3/28/2023 3/31/2023 179,981.23 4.65 372.00 179,983.17 176,750.51 TAOT 2023-B A3DTD 05/23/2023 4.710% 02/15/2028
891941AD8 270,000.00 NR Aaa 5/16/2023 5/23/2023 269,984.91 4.71 565.20 269,986.05 264,609.37 GMCAR 2023-2 A3DTD 04/12/2023 4.470% 02/16/2028
362583AD8 180,000.00 AAA Aaa 4/4/2023 4/12/2023 179,995.05 4.47 335.25 179,995.53 176,008.63 BMWOT 2023-A A3DTD 07/18/2023 5.470% 02/25/2028
05592XAD2 115,000.00 AAA NR 7/11/2023 7/18/2023 114,979.62 5.47 104.84 114,980.53 114,583.34 DCENT 2023-A1 ADTD 04/11/2023 4.310% 03/15/2028
254683CY9 225,000.00 NR Aaa 4/4/2023 4/11/2023 224,986.95 4.31 431.00 224,988.20 219,077.64 HART 2023-B A3DTD 07/19/2023 5.480% 04/17/2028
44933XAD9 140,000.00 AAA NR 7/11/2023 7/19/2023 139,993.92 5.48 340.98 139,994.18 139,779.15 BACCT 2023-A1 A1DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 230,000.00 AAA NR 6/8/2023 6/16/2023 229,947.93 4.79 489.64 229,951.03 226,794.84 COMET 2023-A1 ADTD 05/24/2023 4.420% 05/15/2028
14041NGD7 415,000.00 AAA NR 5/17/2023 5/24/2023 414,904.84 4.43 815.24 414,911.64 404,792.95 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
02007WAC2 250,000.00 NR Aaa 7/11/2023 7/19/2023 249,957.38 5.46 606.67 249,959.17 249,598.30 USAOT 2023-A A3DTD 09/15/2023 5.580% 05/15/2028
90291VAC4 520,000.00 AAA Aaa 9/7/2023 9/15/2023 519,909.00 5.58 1,289.60 519,908.36 518,852.93 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 255,000.00 AAA NR 6/7/2023 6/14/2023 254,977.38 4.87 551.93 254,978.75 251,622.37 FORDO 2023-B A3DTD 06/26/2023 5.230% 05/15/2028
344930AD4 200,000.00 AAA NR 6/21/2023 6/26/2023 199,997.30 5.23 464.89 199,997.45 198,572.00 DCENT 2023-A2 ADTD 06/28/2023 4.930% 06/15/2028
254683CZ6 455,000.00 AAA Aaa 6/21/2023 6/28/2023 454,938.53 4.93 996.96 454,941.75 449,517.89 56 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
GMCAR 2023-3 A3DTD 07/19/2023 5.450% 06/16/2028
36267KAD9 140,000.00 AAA Aaa 7/11/2023 7/19/2023 139,994.60 5.45 317.92 139,994.82 139,699.76 HDMOT 2023-B A3DTD 09/27/2023 5.690% 08/15/2028
41285YAC9 465,000.00 AAA Aaa 9/20/2023 9/27/2023 464,894.86 5.70 293.98 464,894.47 464,496.92 FITAT 2023-1 A3DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 475,000.00 AAA Aaa 8/15/2023 8/23/2023 474,970.55 5.53 1,167.44 474,971.18 473,365.91 Security Type Sub-Total 8,278,264.80 8,277,231.48 4.34 14,756.63 8,277,363.07 8,141,978.10 Managed Account Sub Total 71,073,199.64 70,047,420.13 391,482.65 67,781,509.08Securities Sub TotalAccrued Interest $71,076,964.86 $70,051,185.35 $391,482.65 $67,785,274.30 $391,482.65
70,209,916.37
$70,213,681.59

3.53 3.53%
Total Investments $68,176,756.95
57 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Appendix
|
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.Investment advisory services are provided by PFM Asset Management LLC ("PFMAM"), an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM"). USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank"). U.S. Bankis a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sourcesexternal to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements. While efforts are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References to particular issuers arefor illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and index characteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion ofthe strategy rated by a NRSRO.It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets.

Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of any salescharges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investment performance to belower than the performance shown.The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast,projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinion asof the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct as actualevents occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions and datapresented are not necessarily indicative of future events or expected performance.For more information regarding PFMAM's services or entities, please visit www.pfmam.com.© 2023 PFM Asset Management LLC. Further distribution is not permitted without prior written consent. 58 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Appendix
|
Important Disclosures
This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buyor sell any fund or other security. Investors should consider the Trust's investment objectives, risks, charges, and expenses before investing in the Trust. This and otherinformation about the Trust is available in the Trust's current Information Sheet, which should be read carefully before investing. A copy of the Trust's information Statement may be available by calling 1-800-729-7665 or is available on the Trust's website at www.camponline.com. While the Cash Reserve Portfolio seeks tomaintain a stable net asset value of $1.00 per share and the CAMP TERM Portfolio seeks to achieve a net asset value of $1.00 per share at the stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any othergovernment agency. Shares of the Trust are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) andSecurities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC.

Market values that include accrued interest are derived from closing bid prices as of the last business day of the month as supplied by Refinitiv, Bloomberg, or Telerate. Where prices are not available from generally recognized sources, the securities are priced using a yield-based matrix system to arrive at an estimatedmarket value.

In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly balances, and forward settling sales are excluded.

Performance is presented in accordance with the CFA Institute's Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is showngross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past performance is not indicative of future returns.

Bank of America/Merrill Lynch Indices provided by Bloomberg Financial Markets.Money market fund/cash balances are included in performance and duration computations.Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings.Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity.MBS maturities are represented by expected average life. 59 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Appendix
|
Glossary
Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made.Agencies: Federal agency securities and/or Government-sponsored enterprises.Amortized Cost: The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short-term securities (those with less than one year to maturity at time of issuance) is amortized on a straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis.

Asset-Backed Security: A financial instrument collateralized by an underlying pool of assets – usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, and receivables.

Bankers’ Acceptance: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer.Commercial Paper: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory.Contribution to Total Return: The weight of each individual security multiplied by its return, then summed for each sector to determine how much each sector addedor subtracted from the overall portfolio performance.Effective Duration: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years.Effective Yield: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compoundingon investment returns, while nominal yield does not.FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount.Interest Rate: Interest per year divided by principal amount and expressed as a percentage.Market Value: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date.Maturity: The date upon which the principal or stated value of an investment becomes due and payable.Negotiable Certificates of Deposit: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets.Par Value: The nominal dollar face amount of a security.Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is themortgage-backed security. 60 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended September 30, 2023
Appendix
|
Glossary
Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.Settle Date: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments andmaturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day.Supranational: A multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whosedecisions are binding on its members.Trade Date: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place.Unsettled Trade: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place.U.S. Treasury: The department of the U.S. government that issues Treasury securities.Yield: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis.

YTM at Cost: The yield to maturity at cost is the expected rate of return based on the original cost, the annual interest receipts, maturity value, and the time periodfrom purchase date to maturity, stated as a percentage on an annualized basis.YTM at Market: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the timeperiod remaining until maturity, stated as a percentage on an annualized basis. 61

Santa Fe Springs City CouncilNovember 7, 2023

Santa Fe Springs City Council
November 7, 2023