Staff Report — Simi Valley City Council, August 28, 2023

CITY OF SIMI VALLEY

MEMORANDUM
A
ugust 28, 2023
TO: City Council
F
ROM: Department of Administrative Services
S
UBJECT: APPROVAL OF THE MONTHLY INVESTMENT REPORT FOR THE MONTH ENDED JULY 31, 2023
The City has contracted with an investment advisory firm, Insight Investment LLC (“Insight”). As part of the City’s agreement with Insight, they p repare the Monthly Investment Report. Data provided by Insight is attached. Information contained in that report is summarized below:
• P
ercentage of the portfolio represented by each investment category o Cash and Cash Equivalents: 57%
o U.S. Treasury: 13%
o U.S. Agencies: 17%
o Corporate Bonds: 13%
• A
listing of individual securities held at the end of the reporting period by authorized investment category. Includes the type of investment, name of the issuer, security or certificate number. Coupon, discount, or earnings rate; (shown under “Coupon” for each investment listed).
• W
eighted Average Maturity of Advisor Managed Investments: 2.25 years • W
eighted Average Yield on Advisor Managed portfolio: 2.79% The fair market value of a portfolio invested in debt securities changes from month to month and typically moves in the opposite direction of the change in interest rates demanded by the marketplace for the period in question. For example, per the U.S. Department of The Treasury’s website, annualized Treasury Yield Curve Rates for three-year treasury notes increased from 4.49% on June 30, 2023 to

4.51% on July 31, 2023.

A Fixed Income Market Review through Ju ly 31, 2023 is included to provide the current economic conditions.
• T
he fair market value of all investments as of July 31, 2023 held by the City (excluding investments held by bond trustee): $261,343,909.

The portfolio is in compliance with the City’s Statement of Investment Policy . The City has sufficient liquidity to meet expenditure requirements for at least the next six months.

C arolyn Johnson, Deputy City Treasurer
Administrative Services Director
P
repared by: Eric Sanchez, Staff Accountant
AGENDA ITEM NO.

Consent (1)
City Managed Assets % Return
CAMP 5,382,098$ 2% 5.31%
LAIF 143,377,264$ 55% 3.31%
Total Internally Managed 148,759,362$ 57%
Weighted Average Yield 3.38%
Days
Effective Average Duration - Internal 1
Weighted Average Maturity - Internal 1
Advisor Managed Assets % Return
Treasury Securities 34,438,078$ 13% 2.93%
Instrumentality Securities 44,351,950$ 17% 2.59% Corporate 33,794,519$ 13% 2.91%
Total Externally Managed 112,584,547$ 43%
Weighted Average Yield 2.79%
Years
Effective Average Duration - External 2.09
Weighted Average Maturity - External 2.25
Total Portfolio Assets % Return
CAMP 5,382,098$ 2% 5.31%
LAIF 143,377,264$ 55% 3.31%
Treasury Securities 34,438,078$ 13% 2.93%
Instrumentality Securities 44,351,950$ 17% 2.59% Corporate 33,794,519$ 13% 2.91%
Total Portfolio Assets 261,343,909$
Weighted Average Yield 3.12%
Years
Effective Average Duration - Total 0.90
Weighted Average Maturity - Total 0.97
Portfolio Change
Beginning Balance
Ending Balance
* Note: All data for external assets was provided by the client and is believed to be accurate.

Insight Investment does not manage the external assets and this report is provided for the client's use.

Market values are presented.
261,343,909$
267,902,501$
Monthly Consolidated Portfolio Report
July 31, 2023
City of Simi Valley
CAMP, 2%
LAIF, 55%
Treasury
Securities,
13%
Instrumentality
Securities, 17%
Corporate,
13%
CAMP
2% LAIF
55%
Treasury
Securities
13%
Instrumentality
Securities
17%
Corporate
13%
2 FIXED INCOME MARKET REVIEW
As of July 31, 2023

CITY OF SIMI VALLEY
Chart 1: Markets are no longer pricing in rate cuts for end-2023 Source: Bureau of Labor Statistics, July 31, 2023
Chart 2: Headline inflation fell to 3%, with “peak base effects” assisting Source: Federal Reserve, July 31, 2023
Economic Indicators and Monetary Policy
The Fed increased the Fed Funds Target Rate 25bp to a range of 5.25% - 5.50%, as expected.

However, it stopped short of overtly signalling a

pause

, as many had anticipated. Chair
Powell indicated the committee

s views have not changed materially since last month
(meaning the door is open for at least one more hike this year). But Powell stated the central bank will go

meeting by meeting

in determining if any further hikes will be needed.

Although the Fed

s policy statement continues to point to

robust

job gains, Chair Powell
did acknowledge that job gains are slowing, as is wage growth.

Headline CPI continued to make progress, reaching 3.0% year-on-year in June down from 4.0% in May, and within a striking distance of the Fed’s 2% target. More importantly for the Fed, the stubborn Core CPI measure, which had been stuck in the mid-5% range for most of the year, eased to 4.8%, the slowest growth rate since late 2021, with easing used vehicle inflation a key contributor. Base effects were particularly favorable for headline CPI in June on a year-on- year basis, given that the headline inflation was ~9% last June.

The first estimate of Q2 GDP reflected growth of 2.4%, stronger than consensus estimates of

1.8%, and faster than Q1 GDP growth of 2%. Consumption and business investment were, encouragingly, the leading lights. The closely-watched final private domestic demand measure (seen as a barometer of consumption) rose 2.3%. Consumption growth did nonetheless slow versus the previous quarter, but business investment accelerated.

Labor market conditions remained tight overall, albeit there were 209,000 jobs added to the economy in June, slightly less than the 230,000 expected. The previous months
jobs figures
were revised down by 110,000. This brought the three-month moving average job growth to a still strong 244,000. Wage growth remained steady at 4.4% (and is now significantly in positive real territory in nominal CPI terms). The unemployment rate eased from 3.7% to 3.6%, even though the participation rate remained level at 62.6%.

Interest Rate Summary
Yields generally rose modestly across the curve. At the end of July, the 3-month US Treasury bill yielded 5.42%, the 6-month US Treasury bill yielded 5.47%, the 2-year US Treasury note yielded 4.88%, the 5-year US Treasury note yielded 4.18% and the 10-year US Treasury note yielded 3.96%.
3 3

ACTIVITY AND PERFORMANCE SUMMARY
For the period July 1, 2023 - July 31, 2023

CITY OF SIMI VALLEY
Amortized Cost Basis Activity Summary
115,135,955.83Opening balance
2 45,516.45Income received
245,516.45Total receipts

0.00Total disbursements
(211,804.45)Interportfolio transfers
(211,804.45)Total Interportfolio transfers

0.00Realized gain (loss)

0.00Change in accruals from security movement
(42,380.49)Total amortization expense
9 6,341.20Total OID/MKT accretion income
0 .00Return of capital
Closing balance 1 15,223,628.54
Ending fair value 1 12,584,547.07
(2,639,081.47)Unrealized gain (loss)
Comparative Rates of Return (%)
* Twelve
month trailing
* Six
month trailing
* One month
Fed Funds 4.11 2.39 0.42
Overnight Repo 4.11 2.41 0.43
Merrill Lynch 3m US Treas Bill 4.26 2.40 0.44
Merrill Lynch 6m US Treas Bill 4.40 2.39 0.44
ML 1 Year US Treasury Note 4.62 2.43 0.45
ML 2 Year US Treasury Note 4.24 2.16 0.40
ML 5 Year US Treasury Note 3.63 1.88 0.35
* rates reflected are cumulative
Summary of Amortized Cost Basis Return for the Period
Total portfolio
Interest earned 226,707.37
Accretion (amortization) 53,960.71
Realized gain (loss) on sales 0.00
Total income on portfolio 280,668.08
Average daily amortized cost 115,203,958.35
Period return (%)
Weighted average final maturity in days 823
YTD return (%)
Detail of Amortized Cost Basis Return
Interest
earned
Realized
gain (loss)
Accretion
(amortization)
Total
income

0.00Cash and Cash Equivalents 6,718.39 0.00 6,718.39

0.00Corporate Bonds 90,513.81 (7,087.40) 83,426.41

0.00Government Agencies 82,744.15 18,528.94 101,273.09

0.00Government Bonds 46,731.02 42,519.17 89,250.19
Total 226,707.37 53,960.71 0.00 280,668.08

0.24 1.38
4 4

ACTIVITY AND PERFORMANCE SUMMARY
For the period July 1, 2023 - July 31, 2023

CITY OF SIMI VALLEY
Fair Value Basis Activity Summary
112,387,431.01Opening balance
2 45,516.45Income received
245,516.45Total receipts

0.00Total disbursements
(211,804.45)Interportfolio transfers
(211,804.45)Total Interportfolio transfers

0.00Unrealized gain (loss) on security movements

0.00Change in accruals from security movement

0.00Return of capital
Change in fair value for the period 163,404.06
Ending fair value 112,584,547.07
Comparative Rates of Return (%)
* Twelve
month trailing
* Six
month trailing
* One month
Fed Funds 4.11 2.39 0.42
Overnight Repo 4.11 2.41 0.43
ICE Bofa 3 Months US T-BILL 3.95 2.34 0.40
ICE Bofa 6m US Treas Bill 3.96 2.33 0.42
ICE Bofa 1 Yr US Treasury Note 2.23 1.78 0.46
ICE BofA US Treasury 1-3 0.15 0.64 0.36
ICE BofA US Treasury 1-5 (0.79) 0.19 0.30
* rates reflected are cumulative
Detail of Fair Value Basis Return
Interest
earned
Change in
fair value
Total
income
Cash and Cash Equivalents 6,718.39 0.00 6,718.39
Corporate Bonds 90,513.81 79,145.98 169,659.79
Government Agencies 82,744.15 29,687.79 112,431.94
Government Bonds 46,731.02 54,570.29 101,301.31
Total 226,707.37 163,404.06 390,111.43
Summary of Fair Value Basis Return for the Period
Total portfolio
Interest earned 226,707.37
Total income on portfolio 390,111.43
Average daily total value * 113,190,148.67
Period return (%) 0.35
Weighted average final maturity in days 823
Change in fair value 163,404.06
YTD return (%) 1.88
* Total value equals market value and accrued interest
5 5

RECAP OF SECURITIES HELD
As of July 31, 2023

CITY OF SIMI VALLEY
Weighted
average
final
maturity (days)
Weighted
average
effective
duration (years)
Percent
of
portfolio
Amortized
cost
Historical
cost
Fair value Unrealized
gain (loss)
Corporate Bonds 35,005,165.00 34,437,881.15 33,794,518.69 (643,362.46) 919 30.30 2.28 Government Agencies 45,324,164.83 45,266,243.51 44,351,950.27 (914,293.24) 693 39.24 1.76 Government Bonds 35,184,811.13 35,519,503.88 34,438,078.11 (1,081,425.77) 894 30.46 2.31 Total 115,514,140.96 115,223,628.54 112,584,547.07 (2,639,081.47) 823 100.00 2.09 Corporate Bonds
Government Agencies
Government Bonds
Portfolio diversification (%)
Corporate Bonds 30.30
Government Agencies 39.24
Government Bonds 30.46
Portfolio diversification (%)
6 6

MATURITY DISTRIBUTION OF SECURITIES HELD
As of July 31, 2023

CITY OF SIMI VALLEY
Maturity Historic cost Percent
Under 90 days 9,482,905.50 8.21
90 to 179 days 8,814,954.65 7.63
180 days to 1 year 14,786,229.20 12.80
1 to 2 years 16,606,188.60 14.38
2 to 3 years 25,506,829.76 22.08
3 to 4 years 18,183,403.23 15.74
4 to 5 years 22,133,630.02 19.16
Over 5 years 0.00 0.00
115,514,140.96 100.00
Maturity distribution

0.00 5.00

10.00 15.00

20.00 25.00

30.00 Historical cost (mm)
Un
der 90 d
ays
90 to 179 d
ays 180 days
to 1 yea
r
1 to
2 years
2 to 3
years
3 to 4
years
4 to
5 years
Over 5 years
7 7

SECURITIES HELD
As of July 31, 2023

CITY OF SIMI VALLEY
Amortized cost Fair value Unrealized
gain
(loss)
Coupon Maturity/
Call date
Historical costCusip Total
accrued
interest
%
Port
cost
Par value or
shares
Description
Corporate Bonds
89236THU2 0 .450 01/11/2024 998,680.00 999,743.64 (20,889.90) 250.00 0.86978,853.741,000,000.00TOYOTA MOTOR CREDIT CORP 0.45% 11JAN2024 17325FAS7 3.650 01/23/2024 2,152,740.00 2,024,188.06 (43,108.06) 1,622.22 12/23/2023

1.861,981,080.002,000,000.00CITIBANK NA 3.65% 23JAN2024 (CALLABLE 23DEC23) 693475AV7 3.500 01/23/2024 1,610,865.00 1,518,160.02 (33,097.21) 1,166.67 12/24/2023

1.391,485,062.811,500,000.00PNC FINANCIAL SERVICES 3.5% 23JAN2024 (CALLABLE 23DEC23)
46625HJT8 3.875 02/01/2024 1,013,422.00 957,730.22 (15,963.81) 18,406.25 0.88941,766.41950,000.00JPMORGAN CHASE & CO 3.875% 01FEB2024 91159HHV5 3.375 02/05/2024 1,086,930.00 1,012,084.44 (23,540.18) 16,500.00 01/05/2024

0.94988,544.261,000,000.00US BANCORP 3.375% 05FEB2024 (CALLABLE 05JAN24) 17275RAN2 3.625 03/04/2024 963,333.00 909,059.67 (17,898.70) 13,321.88 0.83891,160.97900,000.00CISCO SYSTEMS INC 3.625% 04MAR2024 931142DP5 3.300 04/22/2024 1,079,400.00 1,013,389.02 (27,852.29) 9,075.00 01/22/2024

0.93985,536.731,000,000.00WALMART INC 3.3% 22APR2024 (CALLABLE 22JAN24) 459200JY8 3.000 05/15/2024 2,141,560.00 2,035,608.65 (73,318.85) 12,666.67 1.851,962,289.802,000,000.00IBM CORP 3% 15MAY2024 89236TGL3 2.000 10/07/2024 1,046,770.00 1,016,289.39 (54,957.31) 6,333.33 0.91961,332.081,000,000.00TOYOTA MOTOR CREDIT CORP 2% 07OCT2024 69353REF1 3.300 10/30/2024 992,934.00 928,700.21 (54,781.94) 7,425.00 09/30/2024

0.86873,918.27900,000.00PNC BANK NA 3.3% 30OCT2024 (CALLABLE 30SEP24) 931142DV2 2.650 12/15/2024 1,063,680.00 1,024,821.51 (59,057.85) 3,386.11 10/15/2024

0.92965,763.661,000,000.00WALMART INC 2.65% 15DEC2024 (CALLABLE 15OCT24) 166764BW9 1.554 05/11/2025 1,905,680.00 1,944,174.40 (64,944.24) 6,906.67 04/11/2025

1.651,879,230.162,000,000.00CHEVRON CORP 1.554% 11MAY2025 (CALLABLE 11APR25)
8 8

SECURITIES HELD
As of July 31, 2023

CITY OF SIMI VALLEY
Amortized cost Fair value Unrealized
gain
(loss)
Coupon Maturity/
Call date
Historical costCusip Total
accrued
interest
%
Port
cost
Par value or
shares
Description
Corporate Bonds
06051GFX2 3 .500 04/19/2026 1,533,712.00 1,534,115.78 1,835.00 15,866.67 1.331,535,950.781,600,000.00BANK OF AMERICA CORP 3.5% 19APR2026 037833BZ2 2.450 08/04/2026 949,070.00 960,761.82 (23,659.22) 12,045.83 05/04/2026

0.82937,102.601,000,000.00APPLE INC 2.45% 04AUG2026 (CALLABLE 04MAY26) 02665WDZ1 1.300 09/09/2026 966,482.00 991,419.59 (9,530.62) 5,640.56 0.84981,888.971,100,000.00AMERICAN HONDA FINANCE 1.3% 09SEP2026 89236TJV8 1.900 01/13/2027 914,170.00 931,960.02 (27,153.69) 950.00 0.79904,806.331,000,000.00TOYOTA MOTOR CREDIT CORP 1.9% 13JAN2027 30231GBJ0 3.294 03/19/2027 962,940.00 963,985.49 (5,692.72) 12,078.00 01/19/2027

0.83958,292.771,000,000.00EXXON MOBIL CORPORATION 3.294% 19MAR2027 (CALLABLE 19JAN27)
437076CA8 2.500 04/15/2027 932,050.00 933,930.63 (5,535.44) 7,361.11 02/15/2027

0.81928,395.191,000,000.00HOME DEPOT INC 2.5% 15APR2027 (CALLABLE 15FEB27)
437076CN0 2.875 04/15/2027 945,140.00 952,318.95 (13,261.41) 8,465.28 03/15/2027

0.82939,057.541,000,000.00HOME DEPOT INC 2.875% 15APR2027 (CALLABLE 15MAR27)
191216CE8 2.900 05/25/2027 958,640.00 961,470.19 (18,014.69) 5,316.67 0.83943,455.501,000,000.00COCA-COLA CO/THE 2.9% 25MAY2027 22160KAN5 1.375 06/20/2027 887,870.00 890,833.10 (4,500.21) 1,565.97 04/20/2027

0.77886,332.891,000,000.00COSTCO WHOLESALE CORP 1.375% 20JUN2027 (CALLABLE 20APR27)
037833DB3 2.900 09/12/2027 1,877,540.00 1,893,431.76 (13,514.80) 22,394.44 06/12/2027

1.631,879,916.962,000,000.00APPLE INC 2.9% 12SEP2027 (CALLABLE 12JUN27) 14913R2G1 1.100 09/14/2027 1,119,352.00 1,135,026.69 (3,832.39) 5,441.94 0.971,131,194.301,300,000.00CATERPILLAR FINL SERVICE 1.1% 14SEP2027 24422EWK1 4.150 09/15/2027 1,471,035.00 1,474,563.56 (9,049.28) 23,516.67 1.271,465,514.281,500,000.00JOHN DEERE CAPITAL CORP 4.15% 15SEP2027 9 9

SECURITIES HELD
As of July 31, 2023

CITY OF SIMI VALLEY
Amortized cost Fair value Unrealized
gain
(loss)
Coupon Maturity/
Call date
Historical costCusip Total
accrued
interest
%
Port
cost
Par value or
shares
Description
Corporate Bonds
02665WED9 4 .700 01/12/2028 1,522,350.00 1,521,261.70 (33,134.68) 3,720.83 1.321,488,127.021,500,000.00AMERICAN HONDA FINANCE 4.7% 12JAN2028 194162AR4 4.600 03/01/2028 1,693,200.00 1,693,766.35 19,946.09 32,583.33 02/01/2028

1.471,713,712.441,700,000.00COLGATE-PALMOLIVE CO 4.6% 01MAR2028 (CALLABLE 01FEB28)
713448FR4 4.450 05/15/2028 2,215,620.00 2,215,086.29 (8,854.06) 45,142.78 04/15/2028

1.922,206,232.232,200,000.00PEPSICO INC 4.45% 15MAY2028 (CALLABLE 15APR28) Total Corporate Bonds 35,005,165.00 34,437,881.15 33,794,518.69 (643,362.46) 30.30299,149.8835,150,000.00 Government Agencies
3133EKZK5 1 .600 08/14/2023 3,006,447.00 3,000,062.94 (4,269.42) 22,266.67 2.602,995,793.523,000,000.00FEDERAL FARM CREDIT BANK 1.6% 14AUG2023 3137EAEW5 0.250 09/08/2023 1,500,690.00 1,500,031.36 (8,095.76) 1,489.58 1.301,491,935.601,500,000.00FREDDIE MAC 0.25% 08SEP2023 3135G0U43 2.875 09/12/2023 2,977,768.50 2,873,009.49 (11,001.32) 31,858.99 2.582,862,008.172,870,000.00FANNIE MAE 2.875% 12SEP2023 3133EMCQ3 0.280 10/13/2023 1,998,000.00 1,999,864.81 (20,814.89) 1,680.00 1.731,979,049.922,000,000.00FEDERAL FARM CREDIT BANK 0.28% 13OCT2023 (CALLABLE 10AUG23)
3135G0V34 2.500 02/05/2024 3,003,669.20 2,912,365.44 (56,071.02) 35,444.44 2.602,856,294.422,900,000.00FANNIE MAE 2.5% 05FEB2024 3133ELNJ9 1.550 02/28/2024 1,003,930.00 1,000,000.00 (24,002.42) 6,587.50 0.87975,997.581,000,000.00FEDERAL FARM CREDIT BANK 1.55% 28FEB2024 (CALLABLE 10AUG23)
3130ALSG0 0.250 03/08/2024 1,497,735.00 1,499,514.01 (45,342.37) 1,489.58 1.301,454,171.641,500,000.00FEDERAL HOME LOAN BANK 0.25% 08MAR2024 3133EMBE1 0.300 03/28/2024 2,996,250.00 2,999,278.50 (104,271.27) 3,075.00 2.592,895,007.233,000,000.00FEDERAL FARM CREDIT BANK 0.3% 28MAR2024 (CALLABLE 10AUG23)
10 10

SECURITIES HELD
As of July 31, 2023

CITY OF SIMI VALLEY
Amortized cost Fair value Unrealized
gain
(loss)
Coupon Maturity/
Call date
Historical costCusip Total
accrued
interest
%
Port
cost
Par value or
shares
Description
Government Agencies
3130AGWK7 1 .500 08/15/2024 2,983,827.00 2,996,432.43 (114,145.80) 20,750.00 2.582,882,286.633,000,000.00FEDERAL HOME LOAN BANK 1.5% 15AUG2024 3135G03U5 0.625 04/22/2025 1,868,850.00 1,918,830.55 (64,880.21) 3,437.50 1.621,853,950.342,000,000.00FANNIE MAE 0.625% 22APR2025 3130ASG86 3.375 06/13/2025 760,365.00 756,752.80 (30,293.13) 3,375.00 0.66726,459.67750,000.00FEDERAL HOME LOAN BANK 3.375% 13JUN2025 3135G05X7 0.375 08/25/2025 918,750.00 947,682.58 (35,852.77) 1,625.00 0.80911,829.811,000,000.00FANNIE MAE 0.375% 25AUG2025 3130ATHT7 4.375 09/12/2025 2,010,640.00 2,007,655.98 (31,148.52) 33,784.72 1.741,976,507.462,000,000.00FEDERAL HOME LOAN BANK 4.375% 12SEP2025 3134A2HG6 0.000 12/11/2025 1,791,774.00 1,801,842.13 (17,434.19) 0.00 1.551,784,407.942,000,000.00FREDDIE MAC 0% 11DEC2025 3130ASJ59 3.375 06/12/2026 3,055,800.00 3,040,610.44 (154,437.31) 13,781.25 2.652,886,173.133,000,000.00FEDERAL HOME LOAN BANK 3.375% 12JUN2026 3133EPNG6 4.375 06/23/2026 1,498,620.00 1,498,668.51 (7,199.97) 6,927.08 1.301,491,468.541,500,000.00FEDERAL FARM CREDIT BANK 4.375% 23JUN2026 3135GA4N8 0.770 11/25/2026 2,615,040.00 2,671,643.68 (21,472.12) 4,235.00 11/25/2023

2.262,650,171.563,000,000.00FANNIE MAE 0.77% 25NOV2026 (CALLABLE 25NOV23) 3133EN4X5 3.875 12/23/2026 2,975,850.00 2,979,331.39 (41,089.60) 12,270.83 2.582,938,241.793,000,000.00FEDERAL FARM CREDIT BANK 3.875% 23DEC2026 3133EKY34 1.750 10/15/2027 1,815,024.00 1,822,745.96 (21,791.32) 10,305.56 1.571,800,954.642,000,000.00FEDERAL FARM CREDIT BANK 1.75% 15OCT2027 3130ATUS4 4.250 12/10/2027 2,030,700.00 2,026,911.78 (43,513.26) 12,041.67 1.761,983,398.522,000,000.00FEDERAL HOME LOAN BANK 4.25% 10DEC2027 11 11

SECURITIES HELD
As of July 31, 2023

CITY OF SIMI VALLEY
Amortized cost Fair value Unrealized
gain
(loss)
Coupon Maturity/
Call date
Historical costCusip Total
accrued
interest
%
Port
cost
Par value or
shares
Description
Government Agencies
3133EN5N6 4 .000 01/06/2028 3,014,435.13 3,013,008.73 (57,166.57) 8,333.33 2.612,955,842.163,000,000.00FEDERAL FARM CREDIT BANK 4% 06JAN2028 Total Government Agencies 45,324,164.83 45,266,243.51 44,351,950.27 (914,293.24) 39.24234,758.7046,020,000.00 Government Bonds
91282CDM0 0
.500 11/30/2023 1,986,725.45 1,997,649.50 (29,680.74) 1,666.67 1.721,967,968.762,000,000.00USA TREASURY 0.5% 30NOV2023 912828V23 2.250 12/31/2023 2,065,944.20 2,013,120.24 (39,057.74) 3,790.76 1.791,974,062.502,000,000.00USA TREASURY 2.25% 31DEC2023 912828YV6 1.500 11/30/2024 1,549,809.71 1,520,272.84 (92,401.75) 3,750.00 1.341,427,871.091,500,000.00USA TREASURY 1.5% 30NOV2024 912828Z52 1.375 01/31/2025 1,544,067.52 1,519,220.57 (100,665.89) 0.00 1.341,418,554.681,500,000.00USA TREASURY 1.375% 31JAN2025 91282CDZ1 1.500 02/15/2025 945,315.85 948,761.95 (2,433.83) 6,878.45 0.82946,328.121,000,000.00USA TREASURY 1.5% 15FEB2025 91282CGU9 3.875 03/31/2025 982,776.79 983,788.35 (3,007.10) 12,916.67 0.85980,781.251,000,000.00USA TREASURY 3.875% 31MAR2025 912828XZ8 2.750 06/30/2025 962,112.73 964,063.57 (3,946.38) 2,316.58 0.83960,117.191,000,000.00USA TREASURY 2.75% 30JUN2025 912828Y79 2.875 07/31/2025 964,026.79 965,804.40 (3,929.40) 0.00 0.83961,875.001,000,000.00USA TREASURY 2.875% 31JUL2025 9128284Z0 2.750 08/31/2025 865,022.55 866,683.98 (4,055.08) 10,290.08 0.75862,628.90900,000.00USA TREASURY 2.75% 31AUG2025 91282CAM3 0.250 09/30/2025 1,827,584.83 1,884,375.26 (68,594.02) 1,666.67 1.581,815,781.242,000,000.00USA TREASURY 0.25% 30SEP2025 12 12

SECURITIES HELD
As of July 31, 2023

CITY OF SIMI VALLEY
Amortized cost Fair value Unrealized
gain
(loss)
Coupon Maturity/
Call date
Historical costCusip Total
accrued
interest
%
Port
cost
Par value or
shares
Description
Government Bonds
91282CAT8 0 .250 10/31/2025 1,823,131.70 1,879,898.84 (70,523.84) 1,250.00 1.581,809,375.002,000,000.00USA TREASURY 0.25% 31OCT2025 91282CAZ4 0.375 11/30/2025 1,826,959.83 1,881,156.79 (71,547.41) 1,250.00 1.581,809,609.382,000,000.00USA TREASURY 0.375% 30NOV2025 91282CBH3 0.375 01/31/2026 1,818,756.70 1,872,823.91 (72,823.91) 0.00 1.571,800,000.002,000,000.00USA TREASURY 0.375% 31JAN2026 91282CBT7 0.750 03/31/2026 1,859,928.58 1,898,262.82 (87,559.70) 5,000.00 1.611,810,703.122,000,000.00USA TREASURY 0.75% 31MAR2026 91282CBW0 0.750 04/30/2026 1,857,428.58 1,895,593.21 (91,140.09) 3,750.00 1.611,804,453.122,000,000.00USA TREASURY 0.75% 30APR2026 91282CCF6 0.750 05/31/2026 1,854,694.20 1,892,730.74 (92,808.86) 2,500.00 1.611,799,921.882,000,000.00USA TREASURY 0.75% 31MAY2026 91282CCP4 0.625 07/31/2026 1,840,241.07 1,880,317.30 (95,161.06) 0.00 1.591,785,156.242,000,000.00USA TREASURY 0.625% 31JUL2026 91282CCZ2 0.875 09/30/2026 1,854,381.70 1,889,448.57 (97,261.07) 5,833.33 1.611,792,187.502,000,000.00USA TREASURY 0.875% 30SEP2026 91282CEC1 1.875 02/28/2027 1,381,528.46 1,384,873.12 (8,212.96) 11,693.27 1.201,376,660.161,500,000.00USA TREASURY 1.875% 28FEB2027 91282CFB2 2.750 07/31/2027 1,421,196.43 1,423,194.12 (8,799.58) 0.00 1.231,414,394.541,500,000.00USA TREASURY 2.75% 31JUL2027 91282CFH9 3.125 08/31/2027 970,042.41 973,937.77 (17,726.83) 12,992.53 0.84956,210.941,000,000.00USA TREASURY 3.125% 31AUG2027 91282CFZ9 3.875 11/30/2027 1,486,645.65 1,486,958.71 (10,044.64) 9,687.50 1.291,476,914.071,500,000.00USA TREASURY 3.875% 30NOV2027 13 13

SECURITIES HELD
As of July 31, 2023

CITY OF SIMI VALLEY
Cusip S&P
rating
Moody
rating
Historical
cost
% Portfolio
hist cost
Market
value
% Portfolio
mkt value
Effective
dur (yrs)
Description Coupon Maturity
date
Call date Par value or
shares
United States Treasury Note/Bond
91282CDM0 USA TREASURY 0.5% 0.500 11/30/2023 A A+ Aaa 2,000,000.00 1,986,725.45 1.72 1,967,968.76 1.75 0.33 912828V23 USA TREASURY 2.25% 2.250 12/31/2023 A A+ Aaa 2,000,000.00 2,065,944.20 1.79 1,974,062.50 1.75 0.42 912828YV6 USA TREASURY 1.5% 1.500 11/30/2024 A A+ Aaa 1,500,000.00 1,549,809.71 1.34 1,427,871.09 1.27 1.29 912828Z52 USA TREASURY 1.375% 1.375 01/31/2025 A A+ Aaa 1,500,000.00 1,544,067.52 1.34 1,418,554.68 1.26 1.45 91282CDZ1 USA TREASURY 1.5% 1.500 02/15/2025 A A+ Aaa 1,000,000.00 945,315.85 0.82 946,328.12 0.84 1.48 91282CGU9 USA TREASURY 3.875% 3.875 03/31/2025 A A+ Aaa 1,000,000.00 982,776.79 0.85 980,781.25 0.87 1.56 912828XZ8 USA TREASURY 2.75% 2.750 06/30/2025 A A+ Aaa 1,000,000.00 962,112.73 0.83 960,117.19 0.85 1.82 912828Y79 USA TREASURY 2.875% 2.875 07/31/2025 A A+ Aaa 1,000,000.00 964,026.79 0.83 961,875.00 0.85 1.90 9128284Z0 USA TREASURY 2.75% 2.750 08/31/2025 A A+ Aaa 900,000.00 865,022.55 0.75 862,628.90 0.77 1.96 91282CAM3 USA TREASURY 0.25% 0.250 09/30/2025 A A+ Aaa 2,000,000.00 1,827,584.83 1.58 1,815,781.24 1.61 2.10 91282CAT8 USA TREASURY 0.25% 0.250 10/31/2025 A A+ Aaa 2,000,000.00 1,823,131.70 1.58 1,809,375.00 1.61 2.18 91282CAZ4 USA TREASURY 0.375% 0.375 11/30/2025 A A+ Aaa 2,000,000.00 1,826,959.83 1.58 1,809,609.38 1.61 2.26 91282CBH3 USA TREASURY 0.375% 0.375 01/31/2026 A A+ Aaa 2,000,000.00 1,818,756.70 1.57 1,800,000.00 1.60 2.42 91282CBT7 USA TREASURY 0.75% 0.750 03/31/2026 A A+ Aaa 2,000,000.00 1,859,928.58 1.61 1,810,703.12 1.61 2.56 91282CBW0 USA TREASURY 0.75% 0.750 04/30/2026 A A+ Aaa 2,000,000.00 1,857,428.58 1.61 1,804,453.12 1.60 2.64 91282CCF6 USA TREASURY 0.75% 0.750 05/31/2026 A A+ Aaa 2,000,000.00 1,854,694.20 1.61 1,799,921.88 1.60 2.72 91282CCP4 USA TREASURY 0.625% 0.625 07/31/2026 A A+ Aaa 2,000,000.00 1,840,241.07 1.59 1,785,156.24 1.59 2.89 91282CCZ2 USA TREASURY 0.875% 0.875 09/30/2026 A A+ Aaa 2,000,000.00 1,854,381.70 1.61 1,792,187.50 1.59 3.03 91282CEC1 USA TREASURY 1.875% 1.875 02/28/2027 A A+ Aaa 1,500,000.00 1,381,528.46 1.20 1,376,660.16 1.22 3.35 91282CFB2 USA TREASURY 2.75% 2.750 07/31/2027 A A+ Aaa 1,500,000.00 1,421,196.43 1.23 1,414,394.54 1.26 3.70 91282CFH9 USA TREASURY 3.125% 3.125 08/31/2027 A A+ Aaa 1,000,000.00 970,042.41 0.84 956,210.94 0.85 3.70 91282CFZ9 USA TREASURY 3.875% 3.875 11/30/2027 A A+ Aaa 1,500,000.00 1,486,645.65 1.29 1,476,914.07 1.31 3.89 91282CGP0 USA TREASURY 4% 4 .000 02/29/2028 AA+ Aaa 1,500,000.00 1,496,489.40 1.30 1,486,523.43 1.32 4.04 Issuer total 36,900,000.00 35,184,811.13 30.46 34,438,078.11 30.59 2.31 15 15
GASB 40 - DEPOSIT AND INVESTMENT RISK DISCLOSURE
As of July 31, 2023

CITY OF SIMI VALLEY
Cusip S&P
rating
Moody
rating
Historical
cost
% Portfolio
hist cost
Market
value
% Portfolio
mkt value
Effective
dur (yrs)
Description Coupon Maturity
date
Call date Par value or
shares
Federal Farm Credit Banks Funding Corp
3133EKZK5 FEDERAL FARM CREDIT 1.600 08/14/2023 A A+ Aaa 3,000,000.00 3,006,447.00 2.60 2,995,793.52 2.66 0.04 3133EMCQ3 FEDERAL FARM CREDIT 0.280 10/13/2023 A A+ Aaa 2,000,000.00 1,998,000.00 1.73 1,979,049.92 1.76 0.20 3133ELNJ9 FEDERAL FARM CREDIT 1.550 02/28/2024 A A+ Aaa 1,000,000.00 1,003,930.00 0.87 975,997.58 0.87 0.56 3133EMBE1 FEDERAL FARM CREDIT 0.300 03/28/2024 A A+ Aaa 3,000,000.00 2,996,250.00 2.59 2,895,007.23 2.57 0.64 3133EPNG6 FEDERAL FARM CREDIT 4.375 06/23/2026 A A+ Aaa 1,500,000.00 1,498,620.00 1.30 1,491,468.54 1.32 2.66 3133EN4X5 FEDERAL FARM CREDIT 3.875 12/23/2026 A A+ Aaa 3,000,000.00 2,975,850.00 2.58 2,938,241.79 2.61 3.12 3133EKY34 FEDERAL FARM CREDIT 1.750 10/15/2027 A A+ Aaa 2,000,000.00 1,815,024.00 1.57 1,800,954.64 1.60 3.93 3133EN5N6 FEDERAL FARM CREDIT 4.000 01/06/2028 A A+ Aaa 3,000,000.00 3,014,435.13 2.61 2,955,842.16 2.63 3.97 Issuer total 18,500,000.00 18,308,556.13 15.85 18,032,355.38 16.02 1.93 Federal Home Loan Banks
3130ALSG0 FEDERAL HOME LOAN 0.250 03/08/2024 A A+ Aaa 1,500,000.00 1,497,735.00 1.30 1,454,171.64 1.29 0.59 3130AGWK7 FEDERAL HOME LOAN 1.500 08/15/2024 A A+ Aaa 3,000,000.00 2,983,827.00 2.58 2,882,286.63 2.56 1.00 3130ASG86 FEDERAL HOME LOAN 3.375 06/13/2025 A A+ Aaa 750,000.00 760,365.00 0.66 726,459.67 0.65 1.77 3130ATHT7 FEDERAL HOME LOAN 4.375 09/12/2025 A A+ Aaa 2,000,000.00 2,010,640.00 1.74 1,976,507.46 1.76 1.96 3130ASJ59 FEDERAL HOME LOAN 3.375 06/12/2026 A A+ Aaa 3,000,000.00 3,055,800.00 2.65 2,886,173.13 2.56 2.67 3130ATUS4 FEDERAL HOME LOAN 4.250 12/10/2027 A A+ Aaa 2,000,000.00 2,030,700.00 1.76 1,983,398.52 1.76 3.89 Issuer total 12,250,000.00 12,339,067.00 10.68 11,908,997.05 10.58 2.04 Federal National Mortgage Association
3135G0U43 FANNIE MAE 2.875% 2.875 09/12/2023 A A+ Aaa 2,870,000.00 2,977,768.50 2.58 2,862,008.17 2.54 0.12 3135G0V34 FANNIE MAE 2.5% 2 .500 02/05/2024 AA+ Aaa 2,900,000.00 3,003,669.20 2.60 2,856,294.42 2.54 0.50 3135G03U5 FANNIE MAE 0.625% 0.625 04/22/2025 A A+ Aaa 2,000,000.00 1,868,850.00 1.62 1,853,950.34 1.65 1.67 3135G05X7 FANNIE MAE 0.375% 0.375 08/25/2025 A A+ Aaa 1,000,000.00 918,750.00 0.80 911,829.81 0.81 2.00 3135GA4N8 FANNIE MAE 0.77% 0 .770 11/25/2026 11/25/2023 AA+ Aaa 3,000,000.00 2,615,040.00 2.26 2,650,171.56 2.35 3.12 Issuer total 11,770,000.00 11,384,077.70 9.86 11,134,254.30 9.89 1.32 16 16
GASB 40 - DEPOSIT AND INVESTMENT RISK DISCLOSURE
As of July 31, 2023

CITY OF SIMI VALLEY
Cusip S&P
rating
Moody
rating
Historical
cost
% Portfolio
hist cost
Market
value
% Portfolio
mkt value
Effective
dur (yrs)
Description Coupon Maturity
date
Call date Par value or
shares
Federal Home Loan Mortgage Corp
3137EAEW5 FREDDIE MAC 0.25% 0.250 09/08/2023 A A+ Aaa 1,500,000.00 1,500,690.00 1.30 1,491,935.60 1.33 0.11 3134A2HG6 FREDDIE MAC 0% 0 .000 12/11/2025 AA+ Aaa 2,000,000.00 1,791,774.00 1.55 1,784,407.94 1.58 2.29 Issuer total 3,500,000.00 3,292,464.00 2.85 3,276,343.54 2.91 1.30 Toyota Motor Credit Corp
89236THU2 TOYOTA MOTOR CREDIT 0.450 01/11/2024 A
+ A1 1,000,000.00 998,680.00 0.86 978,853.74 0.87 0.44
89236TGL3 TOYOTA MOTOR CREDIT 2.000 10/07/2024 A + A1 1,000,000.00 1,046,770.00 0.91 961,332.08 0.85 1.14 89236TJV8 TOYOTA MOTOR CREDIT 1.900 01/13/2027 A + A1 1,000,000.00 914,170.00 0.79 904,806.33 0.80 3.25 Issuer total 3,000,000.00 2,959,620.00 2.56 2,844,992.15 2.53 1.56 Apple Inc
037833BZ2 APPLE INC 2.45% 2
.450 08/04/2026 05/04/2026 AA+ Aaa 1,000,000.00 949,070.00 0.82 937,102.60 0.83 2.73 037833DB3 APPLE INC 2.9% 2 .900 09/12/2027 06/12/2027 AA+ Aaa 2,000,000.00 1,877,540.00 1.63 1,879,916.96 1.67 3.67 Issuer total 3,000,000.00 2,826,610.00 2.45 2,817,019.56 2.50 3.35 American Honda Finance Corp
02665WDZ1 AMERICAN HONDA 1
.300 09/09/2026 A- A3 1,100,000.00 966,482.00 0.84 981,888.97 0.87 2.94 02665WED9 AMERICAN HONDA 4 .700 01/12/2028 A- A3 1,500,000.00 1,522,350.00 1.32 1,488,127.02 1.32 3.93 Issuer total 2,600,000.00 2,488,832.00 2.15 2,470,015.99 2.19 3.55 PepsiCo Inc
713448FR4 PEPSICO INC 4.45% 4
.450 05/15/2028 04/15/2028 A+ A1 2,200,000.00 2,215,620.00 1.92 2,206,232.23 1.96 4.12 Issuer total 2,200,000.00 2,215,620.00 1.92 2,206,232.23 1.96 4.12 Citibank NA
17325FAS7 CITIBANK NA 3.65% 3
.650 01/23/2024 12/23/2023 A+ Aa3 2,000,000.00 2,152,740.00 1.86 1,981,080.00 1.76 0.47 Issuer total 2,000,000.00 2,152,740.00 1.86 1,981,080.00 1.76 0.47 17 17
GASB 40 - DEPOSIT AND INVESTMENT RISK DISCLOSURE
As of July 31, 2023

CITY OF SIMI VALLEY
Cusip S&P
rating
Moody
rating
Historical
cost
% Portfolio
hist cost
Market
value
% Portfolio
mkt value
Effective
dur (yrs)
Description Coupon Maturity
date
Call date Par value or
shares
International Business Machines Corp
459200JY8 IBM CORP 3% 3 .000 05/15/2024 A- A3 2,000,000.00 2,141,560.00 1.85 1,962,289.80 1.74 0.76 Issuer total 2,000,000.00 2,141,560.00 1.85 1,962,289.80 1.74 0.76 Walmart Inc
931142DP5 WALMART INC 3.3% 3.300 04/22/2024 01/22/2024 AA Aa2 1,000,000.00 1,079,400.00 0.93 985,536.73 0.88 0.69 931142DV2 WALMART INC 2.65% 2.650 12/15/2024 10/15/2024 AA Aa2 1,000,000.00 1,063,680.00 0.92 965,763.66 0.86 1.30 I
ssuer total 2,000,000.00 2,143,080.00 1.86 1,951,300.39 1.73 0.99 Chevron Corp
166764BW9 CHEVRON CORP 1.554% 1.554 05/11/2025 04/11/2025 AA- Aa2 2,000,000.00 1,905,680.00 1.65 1,879,230.16 1.67 1.69 I
ssuer total 2,000,000.00 1,905,680.00 1.65 1,879,230.16 1.67 1.69 Home Depot Inc/The
437076CN0 HOME DEPOT INC 2.875% 2.875 04/15/2027 03/15/2027 A A2 1,000,000.00 945,140.00 0.82 939,057.54 0.83 3.37 437076CA8 HOME DEPOT INC 2.5% 2.500 04/15/2027 02/15/2027 A A2 1,000,000.00 932,050.00 0.81 928,395.19 0.82 3.38 I
ssuer total 2,000,000.00 1,877,190.00 1.63 1,867,452.73 1.66 3.37 Colgate-Palmolive Co
194162AR4 COLGATE-PALMOLIVE CO 4.600 03/01/2028 02/01/2028 AA- Aa3 1,700,000.00 1,693,200.00 1.47 1,713,712.44 1.52 3.95 I
ssuer total 1,700,000.00 1,693,200.00 1.47 1,713,712.44 1.52 3.95 Bank of America Corp
06051GFX2 BANK OF AMERICA CORP 3.500 04/19/2026 A
- A1 1,600,000.00 1,533,712.00 1.33 1,535,950.78 1.36 2.51 Issuer total 1,600,000.00 1,533,712.00 1.33 1,535,950.78 1.36 2.51 PNC Financial Services Group Inc/The
693475AV7 PNC FINANCIAL 3
.500 01/23/2024 12/24/2023 A- A3 1,500,000.00 1,610,865.00 1.39 1,485,062.81 1.32 0.47 Issuer total 1,500,000.00 1,610,865.00 1.39 1,485,062.81 1.32 0.47 18 18
GASB 40 - DEPOSIT AND INVESTMENT RISK DISCLOSURE
As of July 31, 2023

CITY OF SIMI VALLEY
Cusip S&P
rating
Moody
rating
Historical
cost
% Portfolio
hist cost
Market
value
% Portfolio
mkt value
Effective
dur (yrs)
Description Coupon Maturity
date
Call date Par value or
shares
John Deere Capital Corp
24422EWK1 JOHN DEERE CAPITAL 4.150 09/15/2027 A A2 1,500,000.00 1,471,035.00 1.27 1,465,514.28 1.30 3.65 Issuer total 1,500,000.00 1,471,035.00 1.27 1,465,514.28 1.30 3.65 Caterpillar Financial Services Corp
14913R2G1 CATERPILLAR FINL 1
.100 09/14/2027 A A2 1,300,000.00 1,119,352.00 0.97 1,131,194.30 1.00 3.89 Issuer total 1,300,000.00 1,119,352.00 0.97 1,131,194.30 1.00 3.89 US Bancorp
91159HHV5 US BANCORP 3.375% 3.375 02/05/2024 01/05/2024 A A3 1,000,000.00 1,086,930.00 0.94 988,544.26 0.88 0.49 I
ssuer total 1,000,000.00 1,086,930.00 0.94 988,544.26 0.88 0.49 Exxon Mobil Corp
30231GBJ0 EXXON MOBIL 3 .294 03/19/2027 01/19/2027 AA- Aa2 1,000,000.00 962,940.00 0.83 958,292.77 0.85 3.25 Issuer total 1,000,000.00 962,940.00 0.83 958,292.77 0.85 3.25 Coca-Cola Co/The
191216CE8 COCA-COLA CO/THE 2.9% 2.900 05/25/2027 A
+ A1 1,000,000.00 958,640.00 0.83 943,455.50 0.84 3.51
Issuer total 1,000,000.00 958,640.00 0.83 943,455.50 0.84 3.51 JPMorgan Chase & Co
46625HJT8 JPMORGAN CHASE & CO 3.875 02/01/2024 A - A1 950,000.00 1,013,422.00 0.88 941,766.41 0.84 0.48 Issuer total 950,000.00 1,013,422.00 0.88 941,766.41 0.84 0.48 Cisco Systems Inc
17275RAN2 CISCO SYSTEMS INC 3.625 03/04/2024 A
A- A1 900,000.00 963,333.00 0.83 891,160.97 0.79 0.57
Issuer total 900,000.00 963,333.00 0.83 891,160.97 0.79 0.57 19 19
GASB 40 - DEPOSIT AND INVESTMENT RISK DISCLOSURE
As of July 31, 2023

CITY OF SIMI VALLEY
Cusip S&P
rating
Moody
rating
Historical
cost
% Portfolio
hist cost
Market
value
% Portfolio
mkt value
Effective
dur (yrs)
Description Coupon Maturity
date
Call date Par value or
shares
Costco Wholesale Corp
22160KAN5 COSTCO WHOLESALE 1.375 06/20/2027 04/20/2027 A+ Aa3 1,000,000.00 887,870.00 0.77 886,332.89 0.79 3.65 I
ssuer total 1,000,000.00 887,870.00 0.77 886,332.89 0.79 3.65 PNC Bank NA
69353REF1 PNC BANK NA 3.3% 3
.300 10/30/2024 09/30/2024 A A2 900,000.00 992,934.00 0.86 873,918.27 0.78 1.18 Issuer total 900,000.00 992,934.00 0.86 873,918.27 0.78 1.18 Grand total 118,070,000.00 115,514,140.96 100.00 112,584,547.07 100.00 2.09 20 20

SECURITIES PURCHASED
For the period July 1, 2023 - July 31, 2023

CITY OF SIMI VALLEY
Par value or
shares
Unit cost Accrued
interest
Trade date
Settle date
Coupon Maturity/
Call date
Principal
cost
Cusip Description / Broker
Corporate Bonds
06051GFX2 3.50007/25/2023 04/19/2026 1,600,000.00 95.86 (1,533,712.00) (15,244.44) 07/27/2023
BANK OF AMERICA CORP 3.5%
CITIGROUP GLOBAL MARKETS INC.
1,600,000.00 (1,533,712.00) (15,244.44)Total Corporate Bonds Grand totalGrand total 1 ,600,000.00 (1,533,712.00) (15,244.44) 21 21

SECURITIES SOLD AND MATURED
For the period July 1, 2023 - July 31, 2023

CITY OF SIMI VALLEY
Historical cost Amortized cost
at sale or
maturity
Fair value at
sale or
maturity
Realized
gain
(loss)
PriceCouponTrade date
Settle date
Maturity/
Call date
Par value or
shares
Cusip Accrued
interest
sold
Description / Broker
Corporate Bonds
06051GHL6 3.86407/24/2023 (1,500,000.00) 1,604,940.00 1,500,000.00 0.00 1,500,000.00 0.00 0.00 07/24/2023

BANK OF AMERICA CORP VAR
23JUL2024 (CALLABLE 23JUL23)
(1,500,000.00) 0.001,604,940.00 1,500,000.00 1,500,000.00 0.00Total (Corporate Bonds) Grand totalGrand total (1,500,000.00) 0.001,604,940.00 1,500,000.00 1,500,000.00 0.00 22 22

DETAIL OF RETURN AND INTEREST RECEIVED
For the period July 1, 2023 - July 31, 2023

CITY OF SIMI VALLEY
Description Interest earnedAccretion
(amortization)
Realized gain
(loss)
Change in fair
value
Interest receivedCusip
Cash
Cash and Cash Equivalents 6, 718.390.00 0.00 6,718.390.00 Total Cash 6,718.390.00 0.00 6,718.390.00
Corporate Bonds
AMERICAN HONDA FINANCE 1.3% 09SEP2026 1, 231.392,911.00 2,340.48 0.000.0002665WDZ1 AMERICAN HONDA FINANCE 4.7% 12JAN2028 6,070.83(398.16) 527.16 35,250.000.0002665WED9 APPLE INC 2.45% 04AUG2026 (CALLABLE 04MAY26) 2,109.721,085.93 999.42 0.000.00037833BZ2 APPLE INC 2.9% 12SEP2027 (CALLABLE 12JUN27) 4,994.442,157.26 3,221.56 0.000.00037833DB3 BANK OF AMERICA CORP 3.5% 19APR2026 622.23403.78 2,238.78 0.000.0006051GFX2 BANK OF AMERICA CORP VAR 23JUL2024 (CALLABLE 23JUL23) 3,703.00(3,051.35) 1,838.22 28,980.000.0006051GHL6 CATERPILLAR FINL SERVICE 1.1% 14SEP2027 1,231.383,335.04 8,881.34 0.000.0014913R2G1 CHEVRON CORP 1.554% 11MAY2025 (CALLABLE 11APR25) 2,676.342,612.74 5,181.58 0.000.00166764BW9 CISCO SYSTEMS INC 3.625% 04MAR2024 2,809.38(1,270.04) 2,159.70 0.000.0017275RAN2 CITIBANK NA 3.65% 23JAN2024 (CALLABLE 23DEC23) 6,286.11(5,074.42) 4,161.32 36,500.000.0017325FAS7 COCA-COLA CO/THE 2.9% 25MAY2027 2,497.23840.65 (2,597.97) 0.000.00191216CE8 COLGATE-PALMOLIVE CO 4.6% 01MAR2028 (CALLABLE 01FEB28) 6,733.89113.27 5,146.82 0.000.00194162AR4 COSTCO WHOLESALE CORP 1.375% 20JUN2027 (CALLABLE 20APR27) 1,184.032,339.29 3,442.45 0.000.0022160KAN5 EXXON MOBIL CORPORATION 3.294% 19MAR2027 (CALLABLE 19JAN27) 2,836.50825.39 (951.34) 0.000.0030231GBJ0 HOME DEPOT INC 2.5% 15APR2027 (CALLABLE 15FEB27) 2,152.781,484.71 820.76 0.000.00437076CA8 HOME DEPOT INC 2.875% 15APR2027 (CALLABLE 15MAR27) 2,475.701,071.49 (660.34) 0.000.00437076CN0 IBM CORP 3% 15MAY2024 5,166.67(3,748.28) 7,629.86 0.000.00459200JY8 23 23

DETAIL OF RETURN AND INTEREST RECEIVED
For the period July 1, 2023 - July 31, 2023

CITY OF SIMI VALLEY
Description Interest earnedAccretion
(amortization)
Realized gain
(loss)
Change in fair
value
Interest receivedCusip
Corporate Bonds
JOHN DEERE CAPITAL CORP 4.15% 15SEP2027 5, 360.42513.87 1,824.49 0.000.0024422EWK1 JPMORGAN CHASE & CO 3.875% 01FEB2024 3,169.96(1,281.26) 1,087.81 0.000.0046625HJT8 PEPSICO INC 4.45% 15MAY2028 (CALLABLE 15APR28) 8,430.28(257.96) 7,628.06 0.000.00713448FR4 PNC BANK NA 3.3% 30OCT2024 (CALLABLE 30SEP24) 2,475.00(2,050.01) 6,140.76 0.000.0069353REF1 PNC FINANCIAL SERVICES 3.5% 23JAN2024 (CALLABLE 23DEC23) 4,520.84(3,809.79) 3,945.92 26,250.000.00693475AV7 TOYOTA MOTOR CREDIT CORP 0.45% 11JAN2024 387.5047.77 5,253.34 2,250.000.0089236THU2 TOYOTA MOTOR CREDIT CORP 1.9% 13JAN2027 1,636.111,642.16 1,860.50 9,500.000.0089236TJV8 TOYOTA MOTOR CREDIT CORP 2% 07OCT2024 1,722.22(1,144.45) 2,204.10 0.000.0089236TGL3 US BANCORP 3.375% 05FEB2024 (CALLABLE 05JAN24) 2,906.25(2,338.92) 3,049.99 0.000.0091159HHV5 WALMART INC 2.65% 15DEC2024 (CALLABLE 15OCT24) 2,281.94(1,711.82) 2,331.51 0.000.00931142DV2 WALMART INC 3.3% 22APR2024 (CALLABLE 22JAN24) 2,841.67(2,335.29) (560.30) 0.000.00931142DP5 Total Corporate Bonds 90,513.81(7,087.40) 79,145.98 138,730.000.00 Government Agencies
FANNIE MAE 0.375% 25AUG2025 32 2.922,106.74 1,881.30 0.000.003135G05X7 FANNIE MAE 0.625% 22APR2025 1,076.393,914.93 4,319.06 0.000.003135G03U5 FANNIE MAE 0.77% 25NOV2026 (CALLABLE 25NOV23) 1,989.178,243.25 365.37 0.000.003135GA4N8 FANNIE MAE 2.5% 05FEB2024 6,243.05(2,005.21) 7,643.01 0.000.003135G0V34 FANNIE MAE 2.875% 12SEP2023 7,105.24(2,149.64) 6,741.95 0.000.003135G0U43 FEDERAL FARM CREDIT BANK 0.28% 13OCT2023 (CALLABLE 10AUG23) 482.2255.55 8,911.76 0.000.003133EMCQ3 FEDERAL FARM CREDIT BANK 0.3% 28MAR2024 (CALLABLE 10AUG23) 775.0090.95 10,189.71 0.000.003133EMBE1 24 24

DETAIL OF RETURN AND INTEREST RECEIVED
For the period July 1, 2023 - July 31, 2023

CITY OF SIMI VALLEY
Description Interest earnedAccretion
(amortization)
Realized gain
(loss)
Change in fair
value
Interest receivedCusip
Government Agencies
FEDERAL FARM CREDIT BANK 1.55% 28FEB2024 (CALLABLE 10 AUG23) 1,334.720.00 2,212.46 0.000.003133ELNJ9 FEDERAL FARM CREDIT BANK 1.6% 14AUG2023 4,133.34(134.88) 9,387.60 0.000.003133EKZK5 FEDERAL FARM CREDIT BANK 1.75% 15OCT2027 3,013.893,509.98 (5,808.92) 0.000.003133EKY34 FEDERAL FARM CREDIT BANK 3.875% 23DEC2026 10,010.41507.00 (7,455.60) 0.000.003133EN4X5 FEDERAL FARM CREDIT BANK 4% 06JAN2028 10,333.33(244.53) (14,728.65) 60,000.000.003133EN5N6 FEDERAL FARM CREDIT BANK 4.375% 23JUN2026 5,651.0438.30 (3,553.19) 0.000.003133EPNG6 FEDERAL HOME LOAN BANK 0.25% 08MAR2024 322.9166.88 6,138.54 0.000.003130ALSG0 FEDERAL HOME LOAN BANK 1.5% 15AUG2024 3,875.00285.41 4,847.34 0.000.003130AGWK7 FEDERAL HOME LOAN BANK 3.375% 12JUN2026 8,718.75(1,180.53) (2,882.91) 0.000.003130ASJ59 FEDERAL HOME LOAN BANK 3.375% 13JUN2025 2,179.69(301.02) 548.60 0.000.003130ASG86 FEDERAL HOME LOAN BANK 4.25% 10DEC2027 7,319.45(514.24) (9,740.16) 0.000.003130ATUS4 FEDERAL HOME LOAN BANK 4.375% 12SEP2025 7,534.72(301.41) 42.18 0.000.003130ATHT7 FREDDIE MAC 0% 11DEC2025 0.006,566.17 5,072.10 0.000.003134A2HG6 FREDDIE MAC 0.25% 08SEP2023 322.91(24.76) 5,556.24 0.000.003137EAEW5 Total Government Agencies 82,744.1518,528.94 29,687.79 60,000.000.00 Government Bonds
USA TREASURY 0.25% 30SEP2025 42 3.504,525.71 4,296.86 0.000.0091282CAM3 USA TREASURY 0.25% 31OCT2025 421.204,523.86 4,375.00 0.000.0091282CAT8 USA TREASURY 0.375% 30NOV2025 635.254,319.04 4,296.88 0.000.0091282CAZ4 USA TREASURY 0.375% 31JAN2026 642.264,308.70 4,375.00 3,750.000.0091282CBH3 25 25

DETAIL OF RETURN AND INTEREST RECEIVED
For the period July 1, 2023 - July 31, 2023

CITY OF SIMI VALLEY
Description Interest earnedAccretion
(amortization)
Realized gain
(loss)
Change in fair
value
Interest receivedCusip
Government Bonds
USA TREASURY 0.5% 30NOV2023 84 7.00597.26 7,343.76 0.000.0091282CDM0 USA TREASURY 0.625% 31JUL2026 1,070.443,385.18 3,359.36 6,250.000.0091282CCP4 USA TREASURY 0.75% 30APR2026 1,263.593,223.71 3,515.62 0.000.0091282CBW0 USA TREASURY 0.75% 31MAR2026 1,270.493,238.05 3,046.88 0.000.0091282CBT7 USA TREASURY 0.75% 31MAY2026 1,270.493,212.90 3,437.50 0.000.0091282CCF6 USA TREASURY 0.875% 30SEP2026 1,482.242,962.05 2,812.50 0.000.0091282CCZ2 USA TREASURY 1.375% 31JAN2025 1,766.23(1,083.34) 3,925.77 10,312.500.00912828Z52 USA TREASURY 1.5% 15FEB2025 1,284.532,811.29 2,500.00 0.000.0091282CDZ1 USA TREASURY 1.5% 30NOV2024 1,905.74(1,287.83) 3,691.41 0.000.00912828YV6 USA TREASURY 1.875% 28FEB2027 2,369.222,728.54 1,699.23 0.000.0091282CEC1 USA TREASURY 2.25% 31DEC2023 3,790.76(2,658.35) 3,828.12 0.000.00912828V23 USA TREASURY 2.75% 30JUN2025 2,316.581,591.48 742.19 0.000.00912828XZ8 USA TREASURY 2.75% 31AUG2025 2,084.921,355.38 527.34 0.000.009128284Z0 USA TREASURY 2.75% 31JUL2027 3,532.461,629.69 234.38 20,625.000.0091282CFB2 USA TREASURY 2.875% 31JUL2025 2,462.021,450.16 507.81 14,375.000.00912828Y79 USA TREASURY 3.125% 31AUG2027 2,632.48541.51 (156.25) 0.000.0091282CFH9 USA TREASURY 3.875% 30NOV2027 4,923.16255.39 (1,816.40) 0.000.0091282CFZ9 USA TREASURY 3.875% 31MAR2025 3,282.11825.22 429.69 0.000.0091282CGU9 26 26

DETAIL OF RETURN AND INTEREST RECEIVED
For the period July 1, 2023 - July 31, 2023

CITY OF SIMI VALLEY
Description Interest earnedAccretion
(amortization)
Realized gain
(loss)
Change in fair
value
Interest receivedCusip
Government Bonds
USA TREASURY 4% 29FEB2028 5, 054.3563.57 (2,402.36) 0.000.0091282CGP0 Total Government Bonds 46,731.0242,519.17 54,570.29 55,312.500.00 Grand total 226,707.3753,960.71 163,404.06 260,760.890.00 27 27

TRANSACTION REPORT
For the period July 1, 2023 - July 31, 2023

CITY OF SIMI VALLEY
Maturity Par value or
shares
Interest Transaction totalPrincipalTransactionCusip Sec type DescriptionTrade date Settle date
Realized
gain(loss)
60,000.0007/06/2023
07/06/2023
Income3133EN5N6 Government Agencies FEDERAL FARM CREDIT BANK 01/06/2028 3,000,000.00 0.00 60,000.000.00 2,250.0007/11/2023
07/11/2023
Income89236THU2 Corporate Bonds TOYOTA MOTOR CREDIT CORP 01/11/2024 1,000,000.00 0.00 2,250.000.00 35,250.0007/12/2023
07/12/2023
Income02665WED9 Corporate Bonds AMERICAN HONDA FINANCE 01/12/2028 1,500,000.00 0.00 35,250.000.00 9,500.0007/13/2023
07/13/2023
Income89236TJV8 Corporate Bonds TOYOTA MOTOR CREDIT CORP 01/13/2027 1,000,000.00 0.00 9,500.000.00 28,980.0007/23/2023
07/23/2023
Income06051GHL6 Corporate Bonds BANK OF AMERICA CORP VAR 07/23/2024 1,500,000.00 0.00 28,980.000.00 36,500.0007/23/2023
07/23/2023
Income17325FAS7 Corporate Bonds CITIBANK NA 3.65% 23JAN2024 01/23/2024 2,000,000.00 0.00 36,500.000.00 26,250.0007/23/2023
07/23/2023
Income693475AV7 Corporate Bonds PNC FINANCIAL SERVICES 3.5% 01/23/2024 1,500,000.00 0.00 26,250.000.00

0.0007/24/2023
07/24/2023
Capital Change06051GHL6 Corporate Bonds BANK OF AMERICA CORP VAR 07/23/2024 (1,500,000.00) 1,500,000.00 1,500,000.000.00 (15,244.44)07/25/2023
07/27/2023
Bought06051GFX2 Corporate Bonds BANK OF AMERICA CORP 3.5% 04/19/2026 1,600,000.00 (1,533,712.00) (1,548,956.44)0.00 14,375.0007/31/2023
07/31/2023
Income912828Y79 Government Bonds USA TREASURY 2.875% 07/31/2025 1,000,000.00 0.00 14,375.000.00 10,312.5007/31/2023
07/31/2023
Income912828Z52 Government Bonds USA TREASURY 1.375% 01/31/2025 1,500,000.00 0.00 10,312.500.00 3,750.0007/31/2023
07/31/2023
Income91282CBH3 Government Bonds USA TREASURY 0.375% 01/31/2026 2,000,000.00 0.00 3,750.000.00 6,250.0007/31/2023
07/31/2023
Income91282CCP4 Government Bonds USA TREASURY 0.625% 07/31/2026 2,000,000.00 0.00 6,250.000.00 20,625.0007/31/2023
07/31/2023
Income91282CFB2 Government Bonds USA TREASURY 2.75% 07/31/2027 1,500,000.00 0.00 20,625.000.00 6,718.39Income Cash and Cash Equivalents Cash 6,718.390.00 0.000.0007/31/2023 28 28

ADDITIONAL INFORMATION
As of July 31, 2023

CITY OF SIMI VALLEY
Past performance is not a guide to future performance. The value of investments and any income from them will fluctuate and is not guaranteed (this may partly be due to exchange rate changes) and investors may not get back the amount invested. Transactions in foreign securities may be executed and settled in local markets. Performance comparisons will be affected by changes in interest rates. Investment returns fluctuate due to changes in market conditions. Investment involves risk, including the possible loss of principal. No assurance can be given that the performance objectives of a given strategy will be achieved. The information contained herein is for your reference only and is being provided in response to your specific request and has been obtained from sources believed to be reliable; however, no representation is made regarding its accuracy or completeness. This document must not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or otherwise not permitted. This document should not be duplicated, amended, or forwarded to a third party without consent from Insight. This is a marketing document intended for professional clients only and should not be made available to or relied upon by retail clients Investment advisory services in North America are provided through two different SEC-registered investment advisers using the brand Insight Investment: Insight North America LLC (INA) and Insight Investment International Limited (IIIL). The North American investment advisers are associated with a broader group of global investment managers that also (individually and collectively) use the corporate brand Insight Investment and may be referred to as Insight, Insight Group or Insight Investment.

INA is an investment adviser registered with the Securities and Exchange Commission (SEC), under the Investment Advisers Act of 1940, as amended. Registration with the SEC does not imply a certain level of skill or training.

You may request, without charge, additional information about Insight. Moreover, specific information relating to Insights strategies, including investment advisory fees, may be obtained from INA's Form ADV Part 2A, which is available without charge upon request.

Where indicated, performance numbers used in the analysis are gross returns. The performance reflects the reinvestment of all dividends and income. INA charges management fees on all portfolios managed and these fees will reduce the returns on the portfolios. For example, assume that $30 million is invested in an account with INA, and this account achieves a 5.0% annual return compounded monthly, gross of fees, for a period of five years.

At the end of five years that account would have grown to $38,500,760 before the deduction of management fees. Assuming management fees of 0.25% per year are deducted monthly from the account, the value at the end of the five year period would be $38,022,447. Actual fees for new accounts are dependent on size and subject to negotiation. INA's investment advisory fees are discussed in Part 2A of its Form ADV.

Unless otherwise stated, the source of information is Insight. Any forecasts or opinions are Insight’s own at the date of this document (or as otherwise specified) and may change. Material in this publication is for general information only and is not advice, investment advice, or the recommendation of any purchase or sale of any security. Insight makes no implied or expressed recommendations concerning the manner in which an account should or would be handled, as appropriate investment strategies depend upon specific investment guidelines and objectives and should not be construed to be an assurance that any particular security in a strategy will remain in any fund, account, or strategy, or that a previously held security will not be repurchased. It should not be assumed that any of the security transactions or holdings referenced herein have been or will prove to be profitable or that future investment decisions will be profitable or will equal or exceed the past investment performance of the securities listed.

Please compare the information provided in this statement to the information provided in the statement received from your Custodian.

For trading activity the Clearing broker will be reflected. In certain cases the Clearing broker will differ from the Executing broker.

In calculating ratings distributions and weighted average portfolio quality, Insight assigns U.S Treasury and U.S agency securities a quality rating based on the methodology used within the respective benchmark index. When Moody’s, S&P and Fitch rate a security, Bank of America and Merrill Lynch indexes assign a simple weighted average statistic while Barclays indexes assign the median statistic. Insight assigns all other securities the lower of Moody’s and S&P ratings.

Information about the indices shown here is provided to allow for comparison of the performance of the strategy to that of certain well-known and widely recognized indices. There is no representation that such index is an appropriate benchmark for such comparison. You cannot invest directly in an index and the indices represented do not take into account trading commissions and/or other brokerage or custodial costs. The volatility of the indices may be materially different from that of the strategy. In addition, the strategy’s holdings may differ substantially from the securities that comprise the indices shown.

The ICE BofA 3 Month US T-Bill index is an unmanaged market index of U.S. Treasury securities maturing in 90 days that assumes reinvestment of all income.

The ICE BofA 6 Month US T-Bill index measures the performance of Treasury bills with time to maturity of less than 6 months.

The ICE BofA 1-Year US Treasury Index is a one-security index comprised of the most recently issued 1-year US Treasury note. The index is rebalanced monthly. In order to qualify for inclusion, a 1-year note must be auctioned on or before the third business day before the last business day of the month.

The ICE BofA 3-Year US Treasury Index is a one-security index comprised of the most recently issued 3-year US Treasury note. The index is rebalanced monthly. In order to qualify for inclusion, a 3-year note must be auctioned on or before the third business day before the last business day of the month.

The ICE BofA 5-Year US Treasury Index is a one-security index comprised of the most recently issued 5-year US Treasury note. The index is rebalanced monthly. In order to qualify for inclusion, a 5-year note must be auctioned on or before the third business day before the last business day of the month.

The ICE BofA 1-3 US Year Treasury Index is an unmanaged index that tracks the performance of the direct sovereign debt of the U.S. Government having a maturity of at least one year and less than three years.

The ICE BofA 1-5 US Year Treasury Index is an unmanaged index that tracks the performance of the direct sovereign debt of the U.S. Government having a maturity of at least one year and less than five years. 29 29

ADDITIONAL INFORMATION
As of July 31, 2023

CITY OF SIMI VALLEY
Insight does not provide tax or legal advice to its clients and all investors are strongly urged to consult their tax and legal advisors regarding any potential strategy or investment.

Insight is a group of wholly owned subsidiaries of The Bank of New York Mellon Corporation. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally. Products and services may be provided under various brand names and in various countries by subsidiaries, affiliates and joint ventures of The Bank of New York Mellon Corporation where authorized and regulated as required within each jurisdiction. Unless you are notified to the contrary, the products and services mentioned are not insured by the FDIC (or by any governmental entity) and are not guaranteed by or obligations of The Bank of New York Mellon Corporation or any of its affiliates. The Bank of New York Corporation assumes no responsibility for the accuracy or completeness of the above data and disclaims all expressed or implied warranties in connection therewith. © 2023 Insight Investment. All rights reserved.
30 30

Simi Valley City CouncilAugust 28, 2023

Simi Valley City Council
August 28, 2023