Staff Report — Simi Valley City Council, October 23, 2023

CITY OF SIMI VALLEY

MEMORANDUM

October 23, 2023
TO: City Council

FROM: Department of Administrative Services

SUBJECT: APPROVAL OF THE MONTHLY INVESTMENT REPORT FOR THE MONTH ENDED SEPTEMBER 30, 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:

• Percentage of the portfolio represented by each investment category o Cash and Cash Equivalents: 51%
o U.S. Treasury: 16%
o U.S. Agencies: 19%
o Corporate Bonds: 14%

• 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).

• Weighted Average Maturity of Advisor Managed Investments: 2.31 years

• Weighted Average Yield on Advisor Managed portfolio: 3.08%

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 4.54% on August 31, 2023 to

4.80% on September 29, 2023.

A Fixed Income Market Review through September 30, 2023 is included to provide the current economic conditions.

• The fair market value of all investments as of September 30 , 2023 held by the City (excluding investments held by bond trustee): $240,991,581.

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.

Carolyn Johnson, Deputy City Treasurer
Administrative Services Director

Prepared by: Eric Sanchez, Staff Accountant

AGENDA ITEM NO.

Consent (3)

City Managed Assets % Return
CAMP 5,431,983$ 2% 5.55%
LAIF 118,377,264$ 49% 3.53%
Total Internally Managed 123,809,246$ 51%
Weighted Average Yield 3.62%
Days
Effective Average Duration - Internal 1
Weighted Average Maturity - Internal 1
Advisor Managed Assets % Return
Cash 4,500.00 0%
Treasury Securities 38,385,212$ 16% 3.18%
Instrumentality Securities 45,266,096$ 19% 3.11% Corporate 33,526,528$ 14% 2.91%
Total Externally Managed 117,182,335$ 49%
Weighted Average Yield 3.08%
Years
Effective Average Duration - External 2.14
Weighted Average Maturity - External 2.31
Total Portfolio Assets % Return
Cash 4,500$ 0%
CAMP 5,431,983$ 2% 5.55%
LAIF 118,377,264$ 49% 3.53%
Treasury Securities 38,385,212$ 16% 3.18%
Instrumentality Securities 45,266,096$ 19% 3.11% Corporate 33,526,528$ 14% 2.91%
Total Portfolio Assets 240,991,581$
Weighted Average Yield 3.35%
Years
Effective Average Duration - Total 1.04
Weighted Average Maturity - Total 1.12
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.
240,991,581$
246,393,322$
Monthly Consolidated Portfolio Report
September 30, 2023
City of Simi Valley
CAMP, 2%
LAIF, 49%
Treasury
Securities,
16%
Instrumentality
Securities, 19%
Corporate,
14%
CAMP
2%
LAIF
49%
Treasury
Securities
16%
Instrumentality
Securities
19%
Corporate
14%
2 FOR PROFESSIONAL CLIENTS ONLY

NOT TO BE REPRODUCED WITHOUT PRIOR WRITTEN APPROVAL

PLEASE REFER TO ALL RISK DISCLOSURES AT THE BACK OF THIS DOCUMENT

CITY OF SIMI VALLEY
September 2023
3 Contents
Fixed income market review 3
Activity and performance summary 4
Recap of securities held 6
Maturity distribution of securities held 7
Securities held 8
GASB 40 - Deposit and investment risk disclosure 15
Securities purchased 21
Securities sold and matured 22
Detail of return and interest received 23
Transaction report 28
Additional information 29
4 FIXED INCOME MARKET REVIEW
As of September 30, 2023

CITY OF SIMI VALLEY
Chart 1: The Federal Reserve forecast “higher for longer” interest rates Source: Bureau of Labor Statistics, September 30, 2023
Chart 2: Core CPI’s momentum continued to improve as energy pushed up headline CPI Source: Bureau of Labor Statistics, Insight calculations, September 30, 2023 Economic Indicators and Monetary Policy
The Federal Reserve kept the Fed Funds target rate on hold at 5.25% to 5.5% at the September meeting. However, the Committee continued to project another rate hike by the end of the year and adjusted the

dot plot

to reflect a slower pace of rate cuts than it did in at its June meeting (Chart 1). The Fed also significantly raised its economic growth forecasts. Chair Powell, nonetheless, stated the central bank will “proceed carefully
.

Headline CPI rose 0.6% month-on-month in August (up from 0.2% in July) driven primarily by higher energy prices. On a year-over-year basis, CPI rose 3.7% in August from 3.2%. However, core CPI painted a more benign picture, decreasing from 4.7% to 4.3% year-on-year, the slowest level since September 2021. Meanwhile, the 3-month annualized rate fell below 3%, improving from 3.1% to 2.4% (Chart 2). Broad disinflationary trends are still evident across non-energy areas, although there were some blemishes, with non-durable goods and transportation (particularly private transportation) categories contributing positively, likely related to higher energy prices.

The final estimate of Q2 GDP was unchanged at 2.1% (equal to Q1 GDP growth). However, consumption was revised down and business investment was revised up.

Labor market conditions remained tight overall. The unemployment rate unexpectedly increased from 3.5% to 3.8%, which was partly driven by the participation rate increasing from

62.6% to 62.8%. Wage growth continued to edge down, falling from 4.4% to 4.3% year-on-year.

Job growth was also solid at 187,000 and would have been ~55,000 higher if not for Hollywood strikes and layoffs at a large trucking company.

Congress faced the looming prospect of a government shutdown at the end of the month, given objections from a faction of Republicans in the House of Representatives over the required appropriations bills needed to keep the government funded. However, at the very end of the month, Congress passed a “continuing resolution” to keep the government funded for 45 days, buying until mid-November for a comprehensive agreement.

Interest Rate Summary
As the Federal Reserve projected a “higher for longer” interest rate path, long-end yields rose significantly, but short-end yields remained stable. At the end of September, the 3-month US Treasury bill yielded 5.46%, the 6-month US Treasury bill yielded 5.55%, the 2-year US Treasury note yielded 5.05%, the 5-year US Treasury note yielded 4.61% and the 10-year US Treasury note yielded 4.57%.
3 5

ACTIVITY AND PERFORMANCE SUMMARY
For the period September 1, 2023 - September 30, 2023

CITY OF SIMI VALLEY
Amortized Cost Basis Activity Summary
120,227,774.19Opening balance
2 23,558.85Income received
223,558.85Total receipts

0.00Total disbursements
(83,994.56)Interportfolio transfers
(83,994.56)Total Interportfolio transfers

0.00Realized gain (loss)

0.00Change in accruals from security movement
(38,134.65)Total amortization expense
1 04,395.80Total OID/MKT accretion income
0 .00Return of capital
Closing balance 1 20,433,599.63
Ending fair value 1 17,182,334.91
(3,251,264.72)Unrealized gain (loss)
Comparative Rates of Return (%)
* Twelve
month trailing
* Six
month trailing
* One month
Fed Funds 4.60 2.54 0.43
Overnight Repo 4.61 2.55 0.43
Merrill Lynch 3m US Treas Bill 4.69 2.55 0.43
Merrill Lynch 6m US Treas Bill 4.77 2.52 0.43
ML 1 Year US Treasury Note 4.93 2.56 0.44
ML 2 Year US Treasury Note 4.48 2.28 0.40
ML 5 Year US Treasury Note 3.85 1.99 0.36
* rates reflected are cumulative
Summary of Amortized Cost Basis Return for the Period
Total portfolio
Interest earned 236,119.69
Accretion (amortization) 66,261.15
Realized gain (loss) on sales 0.00
Total income on portfolio 302,380.84
Average daily amortized cost 120,368,482.42
Period return (%)
Weighted average final maturity in days 845
YTD return (%)
Detail of Amortized Cost Basis Return
Interest
earned
Realized
gain (loss)
Accretion
(amortization)
Total
income

0.00Cash and Cash Equivalents 1,456.15 0.00 1,456.15

0.00Corporate Bonds 85,298.77 (2,438.75) 82,860.02

0.00Government Agencies 97,716.50 20,046.56 117,763.06

0.00Government Bonds 51,648.27 48,653.34 100,301.61
Total 236,119.69 66,261.15 0.00 302,380.84

0.25 1.88
4 6

ACTIVITY AND PERFORMANCE SUMMARY
For the period September 1, 2023 - September 30, 2023

CITY OF SIMI VALLEY
Fair Value Basis Activity Summary
117,608,733.56Opening balance
2 23,558.85Income received
223,558.85Total receipts

0.00Total disbursements
(83,994.56)Interportfolio transfers
(83,994.56)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 (565,962.94)
Ending fair value 117,182,334.91
Comparative Rates of Return (%)
* Twelve
month trailing
* Six
month trailing
* One month
Fed Funds 4.60 2.54 0.43
Overnight Repo 4.61 2.55 0.43
ICE Bofa 3 Months US T-BILL 4.47 2.50 0.46
ICE Bofa 6m US Treas Bill 4.59 2.40 0.45
ICE Bofa 1 Yr US Treasury Note 3.68 1.63 0.34
ICE BofA US Treasury 1-3 2.47 0.17 (0.01)
ICE BofA US Treasury 1-5 2.13 (0.64) (0.34)
* rates reflected are cumulative
Detail of Fair Value Basis Return
Interest
earned
Change in
fair value
Total
income
Cash and Cash Equivalents 1,456.15 0.00 1,456.15
Corporate Bonds 85,298.77 (210,017.39) (124,718.62)
Government Agencies 97,716.50 (239,490.59) (141,774.09) Government Bonds 51,648.27 (116,454.96) (64,806.69)
Total 236,119.69 (565,962.94) (329,843.25)
Summary of Fair Value Basis Return for the Period
Total portfolio
Interest earned 236,119.69
Total income on portfolio (329,843.25)
Average daily total value * 117,967,452.06
Period return (%) (0.28)
Weighted average final maturity in days 845
Change in fair value (565,962.94)
YTD return (%) 1.87
* Total value equals market value and accrued interest
5 7

RECAP OF SECURITIES HELD
As of September 30, 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)
Cash and Cash Equivalents 4,500.00 4,500.00 4,500.00 0.00 0.00 0.001 Corporate Bonds 35,005,165.00 34,433,012.52 33,526,527.50 (906,485.02) 859 29.05 2.14 Government Agencies 46,284,876.33 46,380,463.75 45,266,095.76 (1,114,367.99) 888 38.42 2.23 Government Bonds 39,189,524.08 39,615,623.36 38,385,211.65 (1,230,411.71) 783 32.53 2.03 Total 120,484,065.41 120,433,599.63 117,182,334.91 (3,251,264.72) 845 100.00 2.14 Cash and Cash Equivalents
Corporate Bonds
Government Agencies
Government Bonds
Portfolio diversification (%)
Cash and Cash Equivalents 0.00
Corporate Bonds 29.05
Government Agencies 38.42
Government Bonds 32.53
Portfolio diversification (%)
6 8

MATURITY DISTRIBUTION OF SECURITIES HELD
As of September 30, 2023

CITY OF SIMI VALLEY
Maturity Historic cost Percent
Under 90 days 3,989,225.45 3.31
90 to 179 days 15,397,248.40 12.78
180 days to 1 year 12,211,801.29 10.14
1 to 2 years 19,374,749.60 16.08
2 to 3 years 28,001,623.49 23.24
3 to 4 years 21,286,776.00 17.67
4 to 5 years 20,222,641.18 16.78
Over 5 years 0.00 0.00
120,484,065.41 100.00
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 9

SECURITIES HELD
As of September 30, 2023

0.000 4 ,500.00 4,500.00 0.00 0.00 0.004,500.004,500.00Cash and Cash Equivalents Total Cash and Cash Equivalents 4,500.00 4,500.00 4,500.00 0.00 0.000.004,500.00 Corporate Bonds
89236THU2 0 .450 01/11/2024 998,680.00 999,839.18 (14,336.55) 987.50 0.83985,502.631,000,000.00TOYOTA MOTOR CREDIT CORP 0.45% 11JAN2024 17325FAS7 3.650 01/23/2024 2,152,740.00 2,014,039.22 (27,794.50) 13,586.11 12/23/2023

1.791,986,244.722,000,000.00CITIBANK NA 3.65% 23JAN2024 (CALLABLE 23DEC23) 693475AV7 3.500 01/23/2024 1,610,865.00 1,510,540.43 (22,035.86) 9,770.83 12/24/2023

1.341,488,504.571,500,000.00PNC FINANCIAL SERVICES 3.5% 23JAN2024 (CALLABLE 23DEC23)
46625HJT8 3.875 02/01/2024 1,013,422.00 955,167.72 (11,917.13) 6,033.16 0.84943,250.59950,000.00JPMORGAN CHASE & CO 3.875% 01FEB2024 91159HHV5 3.375 02/05/2024 1,086,930.00 1,007,406.59 (16,957.39) 5,156.25 01/05/2024

0.90990,449.201,000,000.00US BANCORP 3.375% 05FEB2024 (CALLABLE 05JAN24) 17275RAN2 3.625 03/04/2024 963,333.00 906,519.57 (14,599.36) 2,356.25 0.80891,920.21900,000.00CISCO SYSTEMS INC 3.625% 04MAR2024 931142DP5 3.300 04/22/2024 1,079,400.00 1,008,718.43 (21,560.87) 14,483.33 01/22/2024

0.90987,157.561,000,000.00WALMART INC 3.3% 22APR2024 (CALLABLE 22JAN24) 459200JY8 3.000 05/15/2024 2,141,560.00 2,028,112.09 (62,109.83) 22,500.00 1.781,966,002.262,000,000.00IBM CORP 3% 15MAY2024 89236TGL3 2.000 10/07/2024 1,046,770.00 1,014,000.48 (50,393.56) 9,611.11 0.87963,606.921,000,000.00TOYOTA MOTOR CREDIT CORP 2% 07OCT2024 69353REF1 3.300 10/30/2024 992,934.00 924,600.18 (50,771.23) 12,375.00 09/30/2024

0.82873,828.95900,000.00PNC BANK NA 3.3% 30OCT2024 (CALLABLE 30SEP24) 8 10

SECURITIES HELD
As of September 30, 2023

0.88968,805.871,000,000.00WALMART INC 2.65% 15DEC2024 (CALLABLE 15OCT24) 166764BW9 1.554 05/11/2025 1,905,680.00 1,949,399.89 (67,667.69) 12,000.33 04/11/2025

1.581,881,732.202,000,000.00CHEVRON CORP 1.554% 11MAY2025 (CALLABLE 11APR25)
06051GFX2 3.500 04/19/2026 1,533,712.00 1,538,153.63 (27,579.41) 25,044.44 1.271,510,574.221,600,000.00BANK OF AMERICA CORP 3.5% 19APR2026 037833BZ2 2.450 08/04/2026 949,070.00 962,933.67 (34,019.57) 3,811.11 05/04/2026

0.79928,914.101,000,000.00APPLE INC 2.45% 04AUG2026 (CALLABLE 04MAY26) 02665WDZ1 1.300 09/09/2026 966,482.00 997,241.60 (21,242.00) 834.17 0.80975,999.601,100,000.00AMERICAN HONDA FINANCE 1.3% 09SEP2026 89236TJV8 1.900 01/13/2027 914,170.00 935,244.33 (38,692.07) 4,063.89 0.76896,552.261,000,000.00TOYOTA MOTOR CREDIT CORP 1.9% 13JAN2027 30231GBJ0 3.294 03/19/2027 962,940.00 965,636.27 (21,358.95) 1,006.50 01/19/2027

0.80944,277.321,000,000.00EXXON MOBIL CORPORATION 3.294% 19MAR2027 (CALLABLE 19JAN27)
437076CA8 2.500 04/15/2027 932,050.00 936,900.04 (24,626.41) 11,458.33 02/15/2027

0.77912,273.631,000,000.00HOME DEPOT INC 2.5% 15APR2027 (CALLABLE 15FEB27)
437076CN0 2.875 04/15/2027 945,140.00 954,461.91 (28,662.92) 13,177.08 03/15/2027

0.78925,798.991,000,000.00HOME DEPOT INC 2.875% 15APR2027 (CALLABLE 15MAR27)
191216CE8 2.900 05/25/2027 958,640.00 963,151.49 (35,045.59) 10,069.44 0.80928,105.901,000,000.00COCA-COLA CO/THE 2.9% 25MAY2027 22160KAN5 1.375 06/20/2027 887,870.00 895,511.68 (21,371.20) 3,819.44 04/20/2027

0.74874,140.481,000,000.00COSTCO WHOLESALE CORP 1.375% 20JUN2027 (CALLABLE 20APR27)
037833DB3 2.900 09/12/2027 1,877,540.00 1,897,746.26 (50,925.74) 2,900.00 06/12/2027

1.561,846,820.522,000,000.00APPLE INC 2.9% 12SEP2027 (CALLABLE 12JUN27) 9 11

SECURITIES HELD
As of September 30, 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
14913R2G1 1 .100 09/14/2027 1,119,352.00 1,141,696.77 (29,526.57) 635.56 0.931,112,170.201,300,000.00CATERPILLAR FINL SERVICE 1.1% 14SEP2027 24422EWK1 4.150 09/15/2027 1,471,035.00 1,475,591.29 (30,081.05) 2,593.75 1.221,445,510.241,500,000.00JOHN DEERE CAPITAL CORP 4.15% 15SEP2027 02665WED9 4.700 01/12/2028 1,522,350.00 1,520,465.38 (62,850.58) 15,275.00 1.261,457,614.801,500,000.00AMERICAN HONDA FINANCE 4.7% 12JAN2028 194162AR4 4.600 03/01/2028 1,693,200.00 1,693,992.89 (13,069.61) 6,299.44 02/01/2028

1.411,680,923.281,700,000.00COLGATE-PALMOLIVE CO 4.6% 01MAR2028 (CALLABLE 01FEB28)
713448FR4 4.450 05/15/2028 2,215,620.00 2,214,543.68 (54,697.40) 61,187.50 04/15/2028

1.842,159,846.282,200,000.00PEPSICO INC 4.45% 15MAY2028 (CALLABLE 15APR28) Total Corporate Bonds 35,005,165.00 34,433,012.52 33,526,527.50 (906,485.02) 29.05278,764.6935,150,000.00 Government Agencies
3133EMCQ3 0 .280 10/13/2023 1,998,000.00 1,999,975.93 (3,137.11) 2,597.78 1.661,996,838.822,000,000.00FEDERAL FARM CREDIT BANK 0.28% 13OCT2023 (CALLABLE 06OCT23)
3135G0V34 2.500 02/05/2024 3,003,669.20 2,908,355.03 (38,726.82) 11,076.39 2.492,869,628.212,900,000.00FANNIE MAE 2.5% 05FEB2024 3133ELNJ9 1.550 02/28/2024 1,003,930.00 1,000,000.00 (16,190.91) 1,377.78 0.83983,809.091,000,000.00FEDERAL FARM CREDIT BANK 1.55% 28FEB2024 (CALLABLE 12OCT23)
3130ALSG0 0.250 03/08/2024 1,497,735.00 1,499,647.77 (33,415.75) 229.17 1.241,466,232.021,500,000.00FEDERAL HOME LOAN BANK 0.25% 08MAR2024 3133EMBE1 0.300 03/28/2024 2,996,250.00 2,999,460.39 (75,064.74) 50.00 2.492,924,395.653,000,000.00FEDERAL FARM CREDIT BANK 0.3% 28MAR2024 (CALLABLE 06OCT23)
3130AGWK7 1.500 08/15/2024 2,983,827.00 2,997,003.24 (98,210.22) 5,625.00 2.482,898,793.023,000,000.00FEDERAL HOME LOAN BANK 1.5% 15AUG2024 10 12

SECURITIES HELD
As of September 30, 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
3135G03U5 0 .625 04/22/2025 1,868,850.00 1,926,660.40 (65,371.58) 5,486.11 1.551,861,288.822,000,000.00FANNIE MAE 0.625% 22APR2025 3130ASG86 3.375 06/13/2025 760,365.00 756,150.77 (28,997.05) 7,523.44 0.63727,153.72750,000.00FEDERAL HOME LOAN BANK 3.375% 13JUN2025 3135G05X7 0.375 08/25/2025 918,750.00 951,896.07 (37,210.49) 364.58 0.76914,685.581,000,000.00FANNIE MAE 0.375% 25AUG2025 3130ATHT7 4.375 09/12/2025 2,010,640.00 2,007,053.14 (32,563.26) 4,375.00 1.671,974,489.882,000,000.00FEDERAL HOME LOAN BANK 4.375% 12SEP2025 3134A2HG6 0.000 12/11/2025 1,791,774.00 1,814,974.48 (36,517.36) 0.00 1.491,778,457.122,000,000.00FREDDIE MAC 0% 11DEC2025 3130ASJ59 3.375 06/12/2026 3,055,800.00 3,038,249.37 (154,074.69) 30,375.00 2.542,884,174.683,000,000.00FEDERAL HOME LOAN BANK 3.375% 12JUN2026 3133EPNG6 4.375 06/23/2026 1,498,620.00 1,498,745.11 (18,430.66) 17,682.29 1.241,480,314.451,500,000.00FEDERAL FARM CREDIT BANK 4.375% 23JUN2026 3133EPQC2 4.625 07/17/2026 2,003,140.00 2,002,985.82 (21,620.96) 18,756.94 1.661,981,364.862,000,000.00FEDERAL FARM CREDIT BANK 4.625% 17JUL2026 3130AWTQ3 4.625 09/11/2026 1,494,300.00 1,494,436.34 (6,376.49) 10,791.67 1.241,488,059.851,500,000.00FEDERAL HOME LOAN BANK 4.625% 11SEP2026 3135GA4N8 0.770 11/25/2026 2,615,040.00 2,688,130.19 (63,185.57) 8,020.83 11/25/2023

2.172,624,944.623,000,000.00FANNIE MAE 0.77% 25NOV2026 (CALLABLE 25NOV23) 3133EN4X5 3.875 12/23/2026 2,975,850.00 2,980,345.38 (69,767.25) 31,322.92 2.472,910,578.133,000,000.00FEDERAL FARM CREDIT BANK 3.875% 23DEC2026 3133EKY34 1.750 10/15/2027 1,815,024.00 1,829,765.92 (52,608.36) 16,041.67 1.511,777,157.562,000,000.00FEDERAL FARM CREDIT BANK 1.75% 15OCT2027 11 13

SECURITIES HELD
As of September 30, 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
3130ATUS4 4 .250 12/10/2027 2,030,700.00 2,025,883.31 (60,815.49) 25,972.22 1.691,965,067.822,000,000.00FEDERAL HOME LOAN BANK 4.25% 10DEC2027 3133EN5N6 4.000 01/06/2028 3,014,435.13 3,012,519.68 (104,032.91) 28,000.00 2.502,908,486.773,000,000.00FEDERAL FARM CREDIT BANK 4% 06JAN2028 3130AWMN7 4.375 06/09/2028 2,967,641.00 2,967,104.28 (58,534.73) 28,322.05 2.462,908,569.552,950,000.00FEDERAL HOME LOAN BANK 4.375% 09JUN2028 3130AWN63 4.000 06/30/2028 1,980,536.00 1,981,121.13 (39,515.59) 16,888.89 1.641,941,605.542,000,000.00FEDERAL HOME LOAN BANK 4% 30JUN2028 Total Government Agencies 46,284,876.33 46,380,463.75 45,266,095.76 (1,114,367.99) 38.42270,879.7347,100,000.00 Government Bonds
91282CDM0 0 .500 11/30/2023 1,986,725.45 1,998,824.75 (14,679.53) 3,333.33 1.651,984,145.222,000,000.00USA TREASURY 0.5% 30NOV2023 912828V23 2.250 12/31/2023 2,065,944.20 2,007,889.29 (23,826.79) 11,250.00 1.711,984,062.502,000,000.00USA TREASURY 2.25% 31DEC2023 9128286Z8 1.750 06/30/2024 3,010,764.29 3,017,951.06 (2,716.68) 13,562.50 2.503,015,234.383,100,000.00USA TREASURY 1.75% 30JUN2024 912828YV6 1.500 11/30/2024 1,549,809.71 1,517,738.74 (82,602.02) 7,500.00 1.291,435,136.721,500,000.00USA TREASURY 1.5% 30NOV2024 912828Z52 1.375 01/31/2025 1,544,067.52 1,517,088.83 (92,791.95) 3,418.82 1.281,424,296.881,500,000.00USA TREASURY 1.375% 31JAN2025 91282CDZ1 1.500 02/15/2025 945,315.85 954,293.84 (4,371.96) 1,875.00 0.78949,921.881,000,000.00USA TREASURY 1.5% 15FEB2025 91282CGN5 4.625 02/28/2025 993,948.66 994,501.68 (3,564.18) 3,811.81 0.82990,937.501,000,000.00USA TREASURY 4.625% 28FEB2025 12 14

SECURITIES HELD
As of September 30, 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
91282CGU9 3 .875 03/31/2025 982,776.79 985,412.18 (5,294.99) 19,375.00 0.82980,117.191,000,000.00USA TREASURY 3.875% 31MAR2025 912828XZ8 2.750 06/30/2025 962,112.73 967,195.17 (7,038.92) 6,875.00 0.80960,156.251,000,000.00USA TREASURY 2.75% 30JUN2025 912828Y79 2.875 07/31/2025 964,026.79 968,657.93 (7,798.55) 4,765.63 0.80960,859.381,000,000.00USA TREASURY 2.875% 31JUL2025 9128284Z0 2.750 08/31/2025 865,022.55 869,351.01 (7,776.79) 2,039.84 0.72861,574.22900,000.00USA TREASURY 2.75% 31AUG2025 91282CAM3 0.250 09/30/2025 1,827,584.83 1,893,280.70 (73,280.70) 2,500.00 1.521,820,000.002,000,000.00USA TREASURY 0.25% 30SEP2025 91282CAT8 0.250 10/31/2025 1,823,131.70 1,888,800.62 (75,285.00) 2,078.80 1.511,813,515.622,000,000.00USA TREASURY 0.25% 31OCT2025 91282CAZ4 0.375 11/30/2025 1,826,959.83 1,889,655.54 (77,546.16) 2,500.00 1.521,812,109.382,000,000.00USA TREASURY 0.375% 30NOV2025 91282CBH3 0.375 01/31/2026 1,818,756.70 1,881,302.32 (80,911.70) 1,243.21 1.511,800,390.622,000,000.00USA TREASURY 0.375% 31JAN2026 91282CBT7 0.750 03/31/2026 1,859,928.58 1,904,634.45 (96,040.69) 7,500.00 1.541,808,593.762,000,000.00USA TREASURY 0.75% 31MAR2026 91282CBW0 0.750 04/30/2026 1,857,428.58 1,901,936.65 (100,296.03) 6,236.41 1.541,801,640.622,000,000.00USA TREASURY 0.75% 30APR2026 91282CCF6 0.750 05/31/2026 1,854,694.20 1,899,052.89 (102,881.01) 5,000.00 1.541,796,171.882,000,000.00USA TREASURY 0.75% 31MAY2026 91282CCP4 0.625 07/31/2026 1,840,241.07 1,886,978.47 (106,900.35) 2,072.01 1.531,780,078.122,000,000.00USA TREASURY 0.625% 31JUL2026 13 15

SECURITIES HELD
As of September 30, 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
91282CCZ2 0 .875 09/30/2026 1,854,381.70 1,895,277.13 (110,589.63) 8,750.00 1.541,784,687.502,000,000.00USA TREASURY 0.875% 30SEP2026 91282CEC1 1.875 02/28/2027 1,381,528.46 1,390,242.19 (25,007.81) 2,318.00 1.151,365,234.381,500,000.00USA TREASURY 1.875% 28FEB2027 91282CFB2 2.750 07/31/2027 1,421,196.43 1,426,400.94 (29,115.78) 6,837.64 1.181,397,285.161,500,000.00USA TREASURY 2.75% 31JUL2027 91282CFH9 3.125 08/31/2027 970,042.41 975,003.32 (31,214.26) 2,575.55 0.81943,789.061,000,000.00USA TREASURY 3.125% 31AUG2027 91282CFZ9 3.875 11/30/2027 1,486,645.65 1,487,461.25 (33,398.75) 19,375.00 1.231,454,062.501,500,000.00USA TREASURY 3.875% 30NOV2027 91282CGP0 4.000 02/29/2028 1,496,489.40 1,496,692.41 (35,481.48) 4,945.06 1.241,461,210.931,500,000.00USA TREASURY 4% 29FEB2028 Total Government Bonds 39,189,524.08 39,615,623.36 38,385,211.65 (1,230,411.71) 32.53151,738.6141,000,000.00 Grand total 120,484,065.41 120,433,599.63 (3,251,264.72)123,254,500.00 100.00701,383.03117,182,334.91 14 16
GASB 40 - DEPOSIT AND INVESTMENT RISK DISCLOSURE
As of September 30, 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 AA+ Aaa 2,000,000.00 1,986,725.45 1.65 1,984,145.22 1.69 0.17 912828V23 USA TREASURY 2.25% 2.250 12/31/2023 AA+ Aaa 2,000,000.00 2,065,944.20 1.71 1,984,062.50 1.69 0.26 9128286Z8 USA TREASURY 1.75% 1.750 06/30/2024 AA+ Aaa 3,100,000.00 3,010,764.29 2.50 3,015,234.38 2.57 0.73 912828YV6 USA TREASURY 1.5% 1.500 11/30/2024 AA+ Aaa 1,500,000.00 1,549,809.71 1.29 1,435,136.72 1.22 1.12 912828Z52 USA TREASURY 1.375% 1.375 01/31/2025 AA+ Aaa 1,500,000.00 1,544,067.52 1.28 1,424,296.88 1.22 1.29 91282CDZ1 USA TREASURY 1.5% 1.500 02/15/2025 AA+ Aaa 1,000,000.00 945,315.85 0.78 949,921.88 0.81 1.33 91282CGN5 USA TREASURY 4.625% 4.625 02/28/2025 AA+ Aaa 1,000,000.00 993,948.66 0.82 990,937.50 0.85 1.34 91282CGU9 USA TREASURY 3.875% 3.875 03/31/2025 AA+ Aaa 1,000,000.00 982,776.79 0.82 980,117.19 0.84 1.43 912828XZ8 USA TREASURY 2.75% 2.750 06/30/2025 AA+ Aaa 1,000,000.00 962,112.73 0.80 960,156.25 0.82 1.66 912828Y79 USA TREASURY 2.875% 2.875 07/31/2025 AA+ Aaa 1,000,000.00 964,026.79 0.80 960,859.38 0.82 1.74 9128284Z0 USA TREASURY 2.75% 2.750 08/31/2025 AA+ Aaa 900,000.00 865,022.55 0.72 861,574.22 0.74 1.83 91282CAM3 USA TREASURY 0.25% 0.250 09/30/2025 AA+ Aaa 2,000,000.00 1,827,584.83 1.52 1,820,000.00 1.55 1.94 91282CAT8 USA TREASURY 0.25% 0.250 10/31/2025 AA+ Aaa 2,000,000.00 1,823,131.70 1.51 1,813,515.62 1.55 2.02 91282CAZ4 USA TREASURY 0.375% 0.375 11/30/2025 AA+ Aaa 2,000,000.00 1,826,959.83 1.52 1,812,109.38 1.55 2.10 91282CBH3 USA TREASURY 0.375% 0.375 01/31/2026 AA+ Aaa 2,000,000.00 1,818,756.70 1.51 1,800,390.62 1.54 2.26 91282CBT7 USA TREASURY 0.75% 0.750 03/31/2026 AA+ Aaa 2,000,000.00 1,859,928.58 1.54 1,808,593.76 1.54 2.41 91282CBW0 USA TREASURY 0.75% 0.750 04/30/2026 AA+ Aaa 2,000,000.00 1,857,428.58 1.54 1,801,640.62 1.54 2.48 91282CCF6 USA TREASURY 0.75% 0.750 05/31/2026 AA+ Aaa 2,000,000.00 1,854,694.20 1.54 1,796,171.88 1.53 2.56 91282CCP4 USA TREASURY 0.625% 0.625 07/31/2026 AA+ Aaa 2,000,000.00 1,840,241.07 1.53 1,780,078.12 1.52 2.73 91282CCZ2 USA TREASURY 0.875% 0.875 09/30/2026 AA+ Aaa 2,000,000.00 1,854,381.70 1.54 1,784,687.50 1.52 2.88 91282CEC1 USA TREASURY 1.875% 1.875 02/28/2027 AA+ Aaa 1,500,000.00 1,381,528.46 1.15 1,365,234.38 1.17 3.22 91282CFB2 USA TREASURY 2.75% 2.750 07/31/2027 AA+ Aaa 1,500,000.00 1,421,196.43 1.18 1,397,285.16 1.19 3.54 91282CFH9 USA TREASURY 3.125% 3.125 08/31/2027 AA+ Aaa 1,000,000.00 970,042.41 0.81 943,789.06 0.81 3.60 91282CFZ9 USA TREASURY 3.875% 3.875 11/30/2027 AA+ Aaa 1,500,000.00 1,486,645.65 1.23 1,454,062.50 1.24 3.73 15 17
GASB 40 - DEPOSIT AND INVESTMENT RISK DISCLOSURE
As of September 30, 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
91282CGP0 USA TREASURY 4% 4.000 02/29/2028 AA+ Aaa 1,500,000.00 1,496,489.40 1.24 1,461,210.93 1.25 3.96 Issuer total 41,000,000.00 39,189,524.08 32.53 38,385,211.65 32.76 2.03 Federal Home Loan Banks
3130ALSG0
FEDERAL HOME LOAN 0.250 03/08/2024 AA+ Aaa 1,500,000.00 1,497,735.00 1.24 1,466,232.02 1.25 0.43 3130AGWK7 FEDERAL HOME LOAN 1.500 08/15/2024 AA+ Aaa 3,000,000.00 2,983,827.00 2.48 2,898,793.02 2.47 0.85 3130ASG86 FEDERAL HOME LOAN 3.375 06/13/2025 AA+ Aaa 750,000.00 760,365.00 0.63 727,153.72 0.62 1.61 3130ATHT7 FEDERAL HOME LOAN 4.375 09/12/2025 AA+ Aaa 2,000,000.00 2,010,640.00 1.67 1,974,489.88 1.68 1.84 3130ASJ59 FEDERAL HOME LOAN 3.375 06/12/2026 AA+ Aaa 3,000,000.00 3,055,800.00 2.54 2,884,174.68 2.46 2.51 3130AWTQ3 FEDERAL HOME LOAN 4.625 09/11/2026 AA+ Aaa 1,500,000.00 1,494,300.00 1.24 1,488,059.85 1.27 2.69 3130ATUS4 FEDERAL HOME LOAN 4.250 12/10/2027 AA+ Aaa 2,000,000.00 2,030,700.00 1.69 1,965,067.82 1.68 3.72 3130AWMN FEDERAL HOME LOAN 4.375 06/09/2028 AA+ Aaa 2,950,000.00 2,967,641.00 2.46 2,908,569.55 2.48 4.13 3130AWN63 FEDERAL HOME LOAN 4.000 06/30/2028 AA+ Aaa 2,000,000.00 1,980,536.00 1.64 1,941,605.54 1.66 4.21 Issuer total 18,700,000.00 18,781,544.00 15.59 18,254,146.08 15.58 2.55 Federal Farm Credit Banks Funding Corp
3133EMCQ3
FEDERAL FARM CREDIT 0.280 10/13/2023 AA+ Aaa 2,000,000.00 1,998,000.00 1.66 1,996,838.82 1.70 0.04 3133ELNJ9 FEDERAL FARM CREDIT 1.550 02/28/2024 AA+ Aaa 1,000,000.00 1,003,930.00 0.83 983,809.09 0.84 0.41 3133EMBE1 FEDERAL FARM CREDIT 0.300 03/28/2024 AA+ Aaa 3,000,000.00 2,996,250.00 2.49 2,924,395.65 2.50 0.48 3133EPNG6 FEDERAL FARM CREDIT 4.375 06/23/2026 AA+ Aaa 1,500,000.00 1,498,620.00 1.24 1,480,314.45 1.26 2.50 3133EPQC2 FEDERAL FARM CREDIT 4.625 07/17/2026 AA+ Aaa 2,000,000.00 2,003,140.00 1.66 1,981,364.86 1.69 2.55 3133EN4X5 FEDERAL FARM CREDIT 3.875 12/23/2026 AA+ Aaa 3,000,000.00 2,975,850.00 2.47 2,910,578.13 2.48 2.96 3133EKY34 FEDERAL FARM CREDIT 1.750 10/15/2027 AA+ Aaa 2,000,000.00 1,815,024.00 1.51 1,777,157.56 1.52 3.77 3133EN5N6 FEDERAL FARM CREDIT 4.000 01/06/2028 AA+ Aaa 3,000,000.00 3,014,435.13 2.50 2,908,486.77 2.48 3.81 Issuer total 17,500,000.00 17,305,249.13 14.36 16,962,945.33 14.48 2.19 16 18
GASB 40 - DEPOSIT AND INVESTMENT RISK DISCLOSURE
As of September 30, 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 National Mortgage Association
3135G0V34 FANNIE MAE 2.5% 2.500 02/05/2024 AA+ Aaa 2,900,000.00 3,003,669.20 2.49 2,869,628.21 2.45 0.35 3135G03U5 FANNIE MAE 0.625% 0.625 04/22/2025 AA+ Aaa 2,000,000.00 1,868,850.00 1.55 1,861,288.82 1.59 1.51 3135G05X7 FANNIE MAE 0.375% 0.375 08/25/2025 AA+ Aaa 1,000,000.00 918,750.00 0.76 914,685.58 0.78 1.84 3135GA4N8 FANNIE MAE 0.77% 0.770 11/25/2026 11/25/2023 AA+ Aaa 3,000,000.00 2,615,040.00 2.17 2,624,944.62 2.24 3.00 Issuer total 8,900,000.00 8,406,309.20 6.98 8,270,547.23 7.06 1.60 Toyota Motor Credit Corp
89236THU2 TOYOTA MOTOR CREDIT 0.450 01/11/2024 A+ A1 1,000,000.00 998,680.00 0.83 985,502.63 0.84 0.28 89236TGL3 TOYOTA MOTOR CREDIT 2.000 10/07/2024 A+ A1 1,000,000.00 1,046,770.00 0.87 963,606.92 0.82 0.97 89236TJV8 TOYOTA MOTOR CREDIT 1.900 01/13/2027 A+ A1 1,000,000.00 914,170.00 0.76 896,552.26 0.77 3.08 Issuer total 3,000,000.00 2,959,620.00 2.46 2,845,661.81 2.43 1.39 Apple Inc
037833BZ2 APPLE INC 2.45% 2.450 08/04/2026 05/04/2026 AA+ Aaa 1,000,000.00 949,070.00 0.79 928,914.10 0.79 2.63 037833DB3 APPLE INC 2.9% 2.900 09/12/2027 06/12/2027 AA+ Aaa 2,000,000.00 1,877,540.00 1.56 1,846,820.52 1.58 3.58 Issuer total 3,000,000.00 2,826,610.00 2.35 2,775,734.62 2.37 3.26 American Honda Finance Corp
02665WDZ1
AMERICAN HONDA 1.300 09/09/2026 A- A3 1,100,000.00 966,482.00 0.80 975,999.60 0.83 2.80 02665WED9 AMERICAN HONDA 4.700 01/12/2028 A- A3 1,500,000.00 1,522,350.00 1.26 1,457,614.80 1.24 3.76 Issuer total 2,600,000.00 2,488,832.00 2.07 2,433,614.40 2.08 3.39 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 1.84 2,159,846.28 1.84 3.96 Issuer total 2,200,000.00 2,215,620.00 1.84 2,159,846.28 1.84 3.96 17 19
GASB 40 - DEPOSIT AND INVESTMENT RISK DISCLOSURE
As of September 30, 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
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 1.79 1,986,244.72 1.70 0.31 Issuer total 2,000,000.00 2,152,740.00 1.79 1,986,244.72 1.70 0.31 International Business Machines Corp
459200JY8
IBM CORP 3% 3.000 05/15/2024 A- A3 2,000,000.00 2,141,560.00 1.78 1,966,002.26 1.68 0.60 Issuer total 2,000,000.00 2,141,560.00 1.78 1,966,002.26 1.68 0.60 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 0.90 987,157.56 0.84 0.54 931142DV2 WALMART INC 2.65% 2.650 12/15/2024 10/15/2024 AA Aa2 1,000,000.00 1,063,680.00 0.88 968,805.87 0.83 1.14 Issuer total 2,000,000.00 2,143,080.00 1.78 1,955,963.43 1.67 0.84 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 1.58 1,881,732.20 1.61 1.54 Issuer total 2,000,000.00 1,905,680.00 1.58 1,881,732.20 1.61 1.54 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 0.78 925,798.99 0.79 3.22 437076CA8 HOME DEPOT INC 2.5% 2.500 04/15/2027 02/15/2027 A A2 1,000,000.00 932,050.00 0.77 912,273.63 0.78 3.23 Issuer total 2,000,000.00 1,877,190.00 1.56 1,838,072.62 1.57 3.22 Federal Home Loan Mortgage Corp
3134A2HG6
FREDDIE MAC 0% 0.000 12/11/2025 AA+ Aaa 2,000,000.00 1,791,774.00 1.49 1,778,457.12 1.52 2.13 Issuer total 2,000,000.00 1,791,774.00 1.49 1,778,457.12 1.52 2.13 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 1.41 1,680,923.28 1.43 3.88 Issuer total 1,700,000.00 1,693,200.00 1.41 1,680,923.28 1.43 3.88 18 20
GASB 40 - DEPOSIT AND INVESTMENT RISK DISCLOSURE
As of September 30, 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
Bank of America Corp
06051GFX2 BANK OF AMERICA CORP 3.500 04/19/2026 A- A1 1,600,000.00 1,533,712.00 1.27 1,510,574.22 1.29 2.34 Issuer total 1,600,000.00 1,533,712.00 1.27 1,510,574.22 1.29 2.34 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 1.34 1,488,504.57 1.27 0.31 Issuer total 1,500,000.00 1,610,865.00 1.34 1,488,504.57 1.27 0.31 John Deere Capital Corp
24422EWK1
JOHN DEERE CAPITAL 4.150 09/15/2027 A A2 1,500,000.00 1,471,035.00 1.22 1,445,510.24 1.23 3.57 Issuer total 1,500,000.00 1,471,035.00 1.22 1,445,510.24 1.23 3.57 Caterpillar Financial Services Corp
14913R2G1 CATERPILLAR FINL 1.100 09/14/2027 A A2 1,300,000.00 1,119,352.00 0.93 1,112,170.20 0.95 3.75 Issuer total 1,300,000.00 1,119,352.00 0.93 1,112,170.20 0.95 3.75 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 0.90 990,449.20 0.85 0.35 Issuer total 1,000,000.00 1,086,930.00 0.90 990,449.20 0.85 0.35 Exxon Mobil Corp
30231GBJ0 EXXON MOBIL 3.294 03/19/2027 01/19/2027 AA- Aa2 1,000,000.00 962,940.00 0.80 944,277.32 0.81 3.15 Issuer total 1,000,000.00 962,940.00 0.80 944,277.32 0.81 3.15 JPMorgan Chase & Co
46625HJT8
JPMORGAN CHASE & CO 3.875 02/01/2024 A- A1 950,000.00 1,013,422.00 0.84 943,250.59 0.80 0.34 Issuer total 950,000.00 1,013,422.00 0.84 943,250.59 0.80 0.34 19 21
GASB 40 - DEPOSIT AND INVESTMENT RISK DISCLOSURE
As of September 30, 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
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 0.80 928,105.90 0.79 3.34 Issuer total 1,000,000.00 958,640.00 0.80 928,105.90 0.79 3.34 Cisco Systems Inc
17275RAN2
CISCO SYSTEMS INC 3.625 03/04/2024 AA- A1 900,000.00 963,333.00 0.80 891,920.21 0.76 0.42 Issuer total 900,000.00 963,333.00 0.80 891,920.21 0.76 0.42 Costco Wholesale Corp
22160KAN5
COSTCO WHOLESALE 1.375 06/20/2027 04/20/2027 A+ Aa3 1,000,000.00 887,870.00 0.74 874,140.48 0.75 3.49 Issuer total 1,000,000.00 887,870.00 0.74 874,140.48 0.75 3.49 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 0.82 873,828.95 0.75 1.02 Issuer total 900,000.00 992,934.00 0.82 873,828.95 0.75 1.02 Cash and Cash Equivalents
CASH 0.000 4,500.00 4,500.00 0.00 4,500.00 0.00 0.00
Issuer total 4,500.00 4,500.00 0.00 4,500.00 0.00 0.00
Grand total 123,254,500.00 120,484,065.41 100.00 117,182,334.91 100.00 2.14 20 22

SECURITIES PURCHASED
For the period September 1, 2023 - September 30, 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
Government Agencies
3130AWTQ3 4.62509/05/2023 09/11/2026 1,500,000.00 99.62 (1,494,300.00) (6,552.08) 09/08/2023
FEDERAL HOME LOAN BANK 4.625%

DAIWA CAPITAL MARKETS AMERICA
1,500,000.00 (1,494,300.00) (6,552.08)Total Government Agencies Government Bonds
9128286Z8 1.75009/06/2023 06/30/2024 3,100,000.00 97.12 (3,010,764.29) (10,908.97) 09/12/2023
USA TREASURY 1.75% 30JUN2024

NOMURA SECURITIES NEW YORK
3,100,000.00 (3,010,764.29) (10,908.97)Total Government Bonds Grand totalGrand total 4 ,600,000.00 (4,505,064.29) (17,461.05) 21 23

SECURITIES SOLD AND MATURED
For the period September 1, 2023 - September 30, 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
Government Agencies
3137EAEW5 0.25009/08/2023 (1,500,000.00) 1,500,690.00 1,500,000.00 0.00 1,500,000.00 0.00 0.00 09/08/2023
FREDDIE MAC .25% DUE 09-08-2023
REG
3135G0U43 2.87509/12/2023 (2,870,000.00) 2,977,768.50 2,870,000.00 0.00 2,870,000.00 0.00 0.00 09/12/2023
FNMA TRANCHE 2.875% 09-12-2023
(4,370,000.00) 0.004,478,458.50 4,370,000.00 4,370,000.00 0.00Total (Government Agencies) Grand totalGrand total (4,370,000.00) 0.004,478,458.50 4,370,000.00 4,370,000.00 0.00 22 24

DETAIL OF RETURN AND INTEREST RECEIVED
For the period September 1, 2023 - September 30, 2023

CITY OF SIMI VALLEY
Description Interest earnedAccretion
(amortization)
Realized gain
(loss)
Change in fair
value
Interest receivedCusip
Cash
Cash and Cash Equivalents 1 ,456.150.00 0.00 1,456.150.00 Total Cash 1,456.150.00 0.00 1,456.150.00
Corporate Bonds
AMERICAN HONDA FINANCE 1.3% 09SEP2026 1 ,151.952,911.01 (5,915.42) 7,150.000.0002665WDZ1 AMERICAN HONDA FINANCE 4.7% 12JAN2028 5,679.17(398.16) (23,069.27) 0.000.0002665WED9 APPLE INC 2.45% 04AUG2026 (CALLABLE 04MAY26) 1,973.611,085.92 (6,779.19) 0.000.00037833BZ2 APPLE INC 2.9% 12SEP2027 (CALLABLE 12JUN27) 4,672.222,157.25 (25,079.96) 29,000.000.00037833DB3 BANK OF AMERICA CORP 3.5% 19APR2026 4,511.112,018.92 (11,030.21) 0.000.0006051GFX2 CATERPILLAR FINL SERVICE 1.1% 14SEP2027 1,151.953,335.04 (12,263.70) 7,150.000.0014913R2G1 CHEVRON CORP 1.554% 11MAY2025 (CALLABLE 11APR25) 2,503.662,612.74 399.04 0.000.00166764BW9 CISCO SYSTEMS INC 3.625% 04MAR2024 2,628.12(1,270.05) 770.21 16,312.500.0017275RAN2 CITIBANK NA 3.65% 23JAN2024 (CALLABLE 23DEC23) 5,880.55(5,074.42) 1,701.88 0.000.0017325FAS7 COCA-COLA CO/THE 2.9% 25MAY2027 2,336.11840.65 (11,977.85) 0.000.00191216CE8 COLGATE-PALMOLIVE CO 4.6% 01MAR2028 (CALLABLE 01FEB28) 6,299.44113.27 (24,746.25) 39,100.000.00194162AR4 COSTCO WHOLESALE CORP 1.375% 20JUN2027 (CALLABLE 20APR27) 1,107.632,339.29 (9,923.24) 0.000.0022160KAN5 EXXON MOBIL CORPORATION 3.294% 19MAR2027 (CALLABLE 19JAN27) 2,653.50825.39 (9,533.76) 16,470.000.0030231GBJ0 HOME DEPOT INC 2.5% 15APR2027 (CALLABLE 15FEB27) 2,013.891,484.71 (11,924.44) 0.000.00437076CA8 HOME DEPOT INC 2.875% 15APR2027 (CALLABLE 15MAR27) 2,315.971,071.48 (12,567.07) 0.000.00437076CN0 IBM CORP 3% 15MAY2024 4,833.33(3,748.28) 2,706.76 0.000.00459200JY8 JOHN DEERE CAPITAL CORP 4.15% 15SEP2027 5,014.58513.87 (18,643.95) 31,125.000.0024422EWK1 23 25

DETAIL OF RETURN AND INTEREST RECEIVED
For the period September 1, 2023 - September 30, 2023

CITY OF SIMI VALLEY
Description Interest earnedAccretion
(amortization)
Realized gain
(loss)
Change in fair
value
Interest receivedCusip
Corporate Bonds
JPMORGAN CHASE & CO 3.875% 01FEB2024 2 ,965.45(1,281.25) (247.45) 0.000.0046625HJT8 PEPSICO INC 4.45% 15MAY2028 (CALLABLE 15APR28) 7,886.39(275.75) (32,110.43) 0.000.00713448FR4 PNC BANK NA 3.3% 30OCT2024 (CALLABLE 30SEP24) 2,475.00(2,050.01) (1,615.99) 0.000.0069353REF1 PNC FINANCIAL SERVICES 3.5% 23JAN2024 (CALLABLE 23DEC23) 4,229.16(3,809.79) 4,702.98 0.000.00693475AV7 TOYOTA MOTOR CREDIT CORP 0.45% 11JAN2024 362.5047.77 3,139.97 0.000.0089236THU2 TOYOTA MOTOR CREDIT CORP 1.9% 13JAN2027 1,530.561,642.16 (8,174.31) 0.000.0089236TJV8 TOYOTA MOTOR CREDIT CORP 2% 07OCT2024 1,611.11(1,144.45) 650.94 0.000.0089236TGL3 US BANCORP 3.375% 05FEB2024 (CALLABLE 05JAN24) 2,718.75(2,338.93) 131.97 0.000.0091159HHV5 WALMART INC 2.65% 15DEC2024 (CALLABLE 15OCT24) 2,134.73(1,711.83) 279.19 0.000.00931142DV2 WALMART INC 3.3% 22APR2024 (CALLABLE 22JAN24) 2,658.33(2,335.30) 1,102.16 0.000.00931142DP5 Total Corporate Bonds 85,298.77(2,438.75) (210,017.39) 146,307.500.00 Government Agencies
FANNIE MAE 0.375% 25AUG2025 3 02.082,106.74 438.39 0.000.003135G05X7 FANNIE MAE 0.625% 22APR2025 1,006.943,914.93 (1,610.16) 0.000.003135G03U5 FANNIE MAE 0.77% 25NOV2026 (CALLABLE 25NOV23) 1,860.838,243.25 (22,656.99) 0.000.003135GA4N8 FANNIE MAE 2.5% 05FEB2024 5,840.28(2,005.21) 5,599.43 0.000.003135G0V34 FEDERAL FARM CREDIT BANK 0.28% 13OCT2023 (CALLABLE 06OCT23) 451.1155.56 9,359.42 0.000.003133EMCQ3 FEDERAL FARM CREDIT BANK 0.3% 28MAR2024 (CALLABLE 06OCT23) 725.0090.95 12,361.26 4,500.000.003133EMBE1 FEDERAL FARM CREDIT BANK 1.55% 28FEB2024 (CALLABLE 12OCT23) 1,248.610.00 3,141.39 0.000.003133ELNJ9 FEDERAL FARM CREDIT BANK 1.75% 15OCT2027 2,819.453,509.98 (25,403.50) 0.000.003133EKY34 24 26

DETAIL OF RETURN AND INTEREST RECEIVED
For the period September 1, 2023 - September 30, 2023

CITY OF SIMI VALLEY
Description Interest earnedAccretion
(amortization)
Realized gain
(loss)
Change in fair
value
Interest receivedCusip
Government Agencies
FEDERAL FARM CREDIT BANK 3.875% 23DEC2026 9 ,364.59507.00 (27,989.88) 0.000.003133EN4X5 FEDERAL FARM CREDIT BANK 4% 06JAN2028 9,666.67(244.53) (44,042.37) 0.000.003133EN5N6 FEDERAL FARM CREDIT BANK 4.375% 23JUN2026 5,286.4638.30 (9,719.84) 0.000.003133EPNG6 FEDERAL FARM CREDIT BANK 4.625% 17JUL2026 7,451.38(88.95) (16,600.54) 0.000.003133EPQC2 FEDERAL HOME LOAN BANK 0.25% 08MAR2024 302.0966.88 6,659.27 1,875.000.003130ALSG0 FEDERAL HOME LOAN BANK 1.5% 15AUG2024 3,625.00285.41 7,364.37 0.000.003130AGWK7 FEDERAL HOME LOAN BANK 3.375% 12JUN2026 8,156.25(1,180.53) (17,712.03) 0.000.003130ASJ59 FEDERAL HOME LOAN BANK 3.375% 13JUN2025 2,039.06(301.02) (1,691.92) 0.000.003130ASG86 FEDERAL HOME LOAN BANK 4% 30JUN2028 6,444.45331.20 (34,864.46) 0.000.003130AWN63 FEDERAL HOME LOAN BANK 4.25% 10DEC2027 6,847.22(514.23) (16,155.08) 0.000.003130ATUS4 FEDERAL HOME LOAN BANK 4.375% 09JUN2028 10,396.70(303.80) (50,643.06) 0.000.003130AWMN7 FEDERAL HOME LOAN BANK 4.375% 12SEP2025 7,048.61(301.42) (3,132.22) 43,750.000.003130ATHT7 FEDERAL HOME LOAN BANK 4.625% 11SEP2026 4,239.59136.34 (6,240.15) 0.000.003130AWTQ3 FNMA TRANCHE 2.875% 09-12-2023 2,521.21(859.86) 2,257.94 41,256.250.003135G0U43 FREDDIE MAC .25% DUE 09-08-2023 REG 72.92(6.60) 1,459.30 1,875.000.003137EAEW5 FREDDIE MAC 0% 11DEC2025 0.006,566.17 (9,669.16) 0.000.003134A2HG6 Total Government Agencies 97,716.5020,046.56 (239,490.59) 93,256.250.00 Government Bonds
USA TREASURY 0.25% 30SEP2025 4 09.844,379.72 (2,187.50) 0.000.0091282CAM3 USA TREASURY 0.25% 31OCT2025 407.604,377.92 (2,187.50) 0.000.0091282CAT8 25 27

DETAIL OF RETURN AND INTEREST RECEIVED
For the period September 1, 2023 - September 30, 2023

CITY OF SIMI VALLEY
Description Interest earnedAccretion
(amortization)
Realized gain
(loss)
Change in fair
value
Interest receivedCusip
Government Bonds
USA TREASURY 0.375% 30NOV2025 6 14.754,179.71 (3,203.12) 0.000.0091282CAZ4 USA TREASURY 0.375% 31JAN2026 611.424,169.71 (4,687.50) 0.000.0091282CBH3 USA TREASURY 0.5% 30NOV2023 819.67577.99 7,895.22 0.000.0091282CDM0 USA TREASURY 0.625% 31JUL2026 1,019.023,275.98 (8,437.50) 0.000.0091282CCP4 USA TREASURY 0.75% 30APR2026 1,222.823,119.72 (7,109.38) 0.000.0091282CBW0 USA TREASURY 0.75% 31MAR2026 1,229.513,133.59 (6,562.48) 0.000.0091282CBT7 USA TREASURY 0.75% 31MAY2026 1,229.513,109.25 (7,578.12) 0.000.0091282CCF6 USA TREASURY 0.875% 30SEP2026 1,434.432,866.50 (10,078.12) 0.000.0091282CCZ2 USA TREASURY 1.375% 31JAN2025 1,681.39(1,048.40) 878.91 0.000.00912828Z52 USA TREASURY 1.5% 15FEB2025 1,222.832,720.60 468.76 0.000.0091282CDZ1 USA TREASURY 1.5% 30NOV2024 1,844.26(1,246.28) 2,343.75 0.000.00912828YV6 USA TREASURY 1.75% 30JUN2024 2,653.537,186.77 4,470.09 0.000.009128286Z8 USA TREASURY 1.875% 28FEB2027 2,318.002,640.52 (10,839.84) 0.000.0091282CEC1 USA TREASURY 2.25% 31DEC2023 3,668.48(2,572.60) 4,765.62 0.000.00912828V23 USA TREASURY 2.75% 30JUN2025 2,241.851,540.13 (1,875.00) 0.000.00912828XZ8 USA TREASURY 2.75% 31AUG2025 2,039.841,311.65 (2,355.47) 0.000.009128284Z0 USA TREASURY 2.75% 31JUL2027 3,362.781,577.13 (14,765.63) 0.000.0091282CFB2 USA TREASURY 2.875% 31JUL2025 2,343.751,403.37 (2,304.68) 0.000.00912828Y79 USA TREASURY 3.125% 31AUG2027 2,575.55524.04 (10,429.69) 0.000.0091282CFH9 USA TREASURY 3.875% 30NOV2027 4,764.34247.15 (18,398.43) 0.000.0091282CFZ9 26 28

DETAIL OF RETURN AND INTEREST RECEIVED
For the period September 1, 2023 - September 30, 2023

CITY OF SIMI VALLEY
Description Interest earnedAccretion
(amortization)
Realized gain
(loss)
Change in fair
value
Interest receivedCusip
Government Bonds
USA TREASURY 3.875% 31MAR2025 3 ,176.23798.60 (1,796.87) 0.000.0091282CGU9 USA TREASURY 4% 29FEB2028 4,945.0661.52 (20,332.04) 0.000.0091282CGP0 USA TREASURY 4.625% 28FEB2025 3,811.81319.05 (2,148.44) 0.000.0091282CGN5 Total Government Bonds 51,648.2748,653.34 (116,454.96) 0.000.00 Grand total 236,119.6966,261.15 (565,962.94) 241,019.900.00 27 29

TRANSACTION REPORT
For the period September 1, 2023 - September 30, 2023

CITY OF SIMI VALLEY
Maturity Par value or
shares
Interest Transaction totalPrincipalTransactionCusip Sec type DescriptionTrade date Settle date
Realized
gain(loss)
39,100.0009/01/2023
09/01/2023
Income194162AR4 Corporate Bonds COLGATE-PALMOLIVE CO 4.6% 03/01/2028 1,700,000.00 0.00 39,100.000.00 16,312.5009/04/2023
09/04/2023
Income17275RAN2 Corporate Bonds CISCO SYSTEMS INC 3.625% 03/04/2024 900,000.00 0.00 16,312.500.00 (6,552.08)09/05/2023
09/08/2023
Bought3130AWTQ3 Government Agencies FEDERAL HOME LOAN BANK 09/11/2026 1,500,000.00 (1,494,300.00) (1,500,852.08)0.00 (10,908.97)09/06/2023
09/12/2023
Bought9128286Z8 Government Bonds USA TREASURY 1.75% 06/30/2024 3,100,000.00 (3,010,764.29) (3,021,673.26)0.00 1,875.0009/08/2023
09/08/2023
Income3130ALSG0 Government Agencies FEDERAL HOME LOAN BANK 03/08/2024 1,500,000.00 0.00 1,875.000.00 1,875.0009/08/2023
09/08/2023
Income3137EAEW5 Government Agencies FREDDIE MAC .25% DUE 09/08/2023 1,500,000.00 0.00 1,875.000.00

0.0009/08/2023
09/08/2023
Capital Change3137EAEW5 Government Agencies FREDDIE MAC .25% DUE 09/08/2023 (1,500,000.00) 1,500,000.00 1,500,000.000.00 7,150.0009/09/2023
09/11/2023
Income02665WDZ1 Corporate Bonds AMERICAN HONDA FINANCE 09/09/2026 1,100,000.00 0.00 7,150.000.00 29,000.0009/12/2023
09/12/2023
Income037833DB3 Corporate Bonds APPLE INC 2.9% 12SEP2027 09/12/2027 2,000,000.00 0.00 29,000.000.00 43,750.0009/12/2023
09/12/2023
Income3130ATHT7 Government Agencies FEDERAL HOME LOAN BANK 09/12/2025 2,000,000.00 0.00 43,750.000.00 41,256.2509/12/2023
09/12/2023
Income3135G0U43 Government Agencies FNMA TRANCHE 2.875% 09/12/2023 2,870,000.00 0.00 41,256.250.00

0.0009/12/2023
09/12/2023
Capital Change3135G0U43 Government Agencies FNMA TRANCHE 2.875% 09/12/2023 (2,870,000.00) 2,870,000.00 2,870,000.000.00 7,150.0009/14/2023
09/14/2023
Income14913R2G1 Corporate Bonds CATERPILLAR FINL SERVICE 09/14/2027 1,300,000.00 0.00 7,150.000.00 31,125.0009/15/2023
09/15/2023
Income24422EWK1 Corporate Bonds JOHN DEERE CAPITAL CORP 09/15/2027 1,500,000.00 0.00 31,125.000.00 16,470.0009/19/2023
09/19/2023
Income30231GBJ0 Corporate Bonds EXXON MOBIL CORPORATION 03/19/2027 1,000,000.00 0.00 16,470.000.00 4,500.0009/28/2023
09/28/2023
Income3133EMBE1 Government Agencies FEDERAL FARM CREDIT BANK 03/28/2024 3,000,000.00 0.00 4,500.000.00 1,456.15Income Cash and Cash Equivalents Cash 1,456.150.00 0.000.0009/30/2023 28 30

ADDITIONAL INFORMATION
As of September 30, 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 31

ADDITIONAL INFORMATION
As of September 30, 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 32

Simi Valley City CouncilOctober 23, 2023

Simi Valley City Council
October 23, 2023