HomeMy WebLinkAbout5.2 City Treasurer's Informational Report of Investments for the Quarter Ending March 31, 2024r
DUBLIN
CALIFORNIA
STAFF REPORT
CITY COUNCIL
DATE: May 21, 2024
TO: Honorable Mayor and City Councilmembers
FROM: Linda Smith, City Manager
Agenda Item 5.2
SU B.ECT : City Treasurer's Informational Report of Investments for the Quarter Ending
March 31, 2024
Prepared by: Chris Rhoades, Financial Analyst
EXECUTIVE SUMMARY:
The City Council will receive an informational report of the City's investments through the quarter
ending March 31, 2024 including a monthly transaction ledger. The City's investment portfolio for
this period totaled $422,309,722 (market value) with an average market yield of 4.92%. As
required by the City's Investment Policy, the City Treasurer (Finance Director) affirms that the
City is able to meet its expenditure requirements for the next six months.
STAFF RECOMMENDATION:
Receive the City Treasurer's Informational Report of Investments for the Quarter Ending March
31, 2024.
FINANCIAL IMPACT:
There is no financial impact resulting from this report. Investments are made in accordance with
the City's Investment Policy and State Law. Interest earned is apportioned between funds (i.e.,
General Fund, Gas Tax Fund, etc.) based upon their proportionate share of the total cash balance.
Based on the financial needs of the City including the timing of revenues and expenditures, the
quarterly cash balance can vary from quarter to quarter.
DESCRIPTION:
The total investment portfolio (market value) consists of $290,703,168 managed by Chandler
Asset Management (Chandler), and $131,606,553 invested by the City in local government pools,
the Local Agency Investment Fund (LAIF) and the California Asset Management Program (CAMP).
The average market yield of the Chandler portfolio and the local pools was 4.79% and 5.22%
respectively.
Page 1 of 5
1
The total investment portfolio balance fluctuates throughout the year due to normal cash flow
needs and includes both discretionary and restricted funds.
Economic Update Highlights
The following are some highlights from the Economic Update included in the Investment Report
prepared by Chandler (Attachment 1).
Recent economic data has shown above trend growth fueled by a rise in consumer spending and a
continuing healthy US job market. Inflationary trends are subsiding, but core levels remain above
the Fed's target. Given the cumulative effects of restrictive monetary policy and tighter financial
conditions, Chandler believes the economy will gradually soften and the Fed will loosen monetary
policy in 2024.
Chandler's New Reporting Portal
Chandler has implemented a new client service portal for enhanced reporting capabilities and
improved security features, this new portal includes the following reporting changes that can be
found in the March Quarterly report (Attachment 1):
• The overall report has changed from a settlement -based report to a trade -based report.
• The Cash category now will include cash on hand, payables, and receivables for income
earned but not yet paid, as well as accrued interest from the Local Pool accounts.
• The account category CMO (Collateralized Mortgage Obligation) has been retitled as
Agency CMBA (Commercial Mortgage -Backed Security), to more accurately reflect the type
of investments within the category.
The impacts of these changes have been footnoted on the tables included below.
City of Dublin Portfolio
The City's aggregate portfolio has maintained a healthy balance of investment types with minimal
change from the prior quarter as shown below in Chart 1, except for CAMP, which saw a slight
decrease due to the timing of the receipt of property tax revenues in December which were
subsequently spent during the March quarter.
Page 2 of 5
2
US Treasury
26.4%
Supranational
6.2%
Money Market
Fund
0.2%
Chart 1: Investments by Type
March 31, 2024 and December 31, 2023
March 31, 2024
Agency CMBS
2 0% Cash
0.2%
Local Gov
Investment Pool
24.8%
Agency
9.3%
LAIF
6.3%
Asset Backed
Security
6.6%
Corporate
17.9%
US Treasury
26.1%
Supranational
5.5%
Money Market
Fund
0.3%
December 31, 2023
Local Gov
Investment Pool
25.7%
CMO
2.0%
ABS
6.1%
LAIF
6.3%
Agency
10.7%
Corporate
17.2%
The market value of the City's portfolio decreased by $4.1 million from the December 31, 2023
quarter. The quarterly change results from the normal fluctuations in the timing of incoming
revenue, predominantly the receipt of property tax allocations, and sales tax revenue, and
expenditures on Capital Projects as well as payments to Alameda County for Police and Fire
Services. The City's portfolio increased by $34.3 million from the same quarter the prior year (see
Table 1 below). Overall market yield -to -maturity has increased to 4.92%, (shown in Table 2) due
to the factors discussed in the Economic Update Highlights. For detailed monthly transactions, see
Attachment 2.
Page 3 of 5
3
Holdings
Managed by City
Cash"
LAI F
CAMP
SUBTOTAL'
Accrued Interest2
Managed by Chandler
ABS
Agency
Cash'
Agency CMBS4
Money Market
Supranational
Corporate
US Treasury
SUBTOTAL
Accrued Interest
TOTAL PORTFOLIO
March 31, 2023
Market
Value
Table 1: Portfolio Values and Yield to Maturity
December 31, 2023
Market
Value
Par
Value
Book
Value
March 31, 2024
Market % of
Value Subtotal
% of Total Book Market
Portfolio Yield Yield
274,480 274,480 274,480 0.2%
25,917,596 26,534,226 26,800,793 26,800,793 26,800,793 20.4%
80,625,562 109,660,424 104,531,281 104,531,281 104,531,281 7 9.4 %
106, 543,157 I 136,194, 650 I 131, 606, 553 131, 606, 553 131, 606, 553 I 100.00%
166,760 254,504 -
106,709,917 136,449,154 131,606,553
30,171,153 25,798,334 27,832,917 27,829,771 27,628,978 9.6%
60,517,635 45,535,489 40,300,000 40,396,046 39,102,074 13.5%
456,482 456,482 456,482 0.2%
3,874,342 8,685,518 8,879,961 8,810,805 8,630,360 3.0%
760,481 1,159,231 813,046 813,046 813,046 0.3%
16,860,396 23,370,361 27,525,000 27,157,816 26,247,930 9.1%
71,092,672 72,851,163 77,620,000 77,220,302 75,214,801 26.0%
96,639,811 110,817,325 114,250,000 113,856,008 110,896,377 38.4%
279,916,489 288,217,420 297,677,405 296,540,277 288,990,049 100.00%
1,410,760
281,327,249
388,037,166
1,782,764
290,000,184
426,449,338
1,713,120
290,703,168
429,283,959 428,146,830
Change from Prior Year
Change from Prior Quarter
422,309,722
34,272,555
(4,139,616)
0.1%
6.2%
24.4%
30.66%
6.5%
9.4%
0.1%
2.1%
0.2%
6.4%
18.1%
26.6%
69.34%
0.00%
4.27%
5.48%
5.22%
4.03%
2.23%
0.00%
3.15%
4.91%
2.46%
3.13%
3.34%
3.11%
0.00%
4.27%
5.48%
5.22%I
5.51%
4.90%
0.00%
5.13%
4.91%
4.60%
5.06%
4.42%
4.79%
'Includes cash on hand, receivables, payables and accrued interest from th
2024)
2Accrued Interest from Local Pools shown in Cash. (effective March 2024)
3lncludes cash on hand, receivables and payables from accounts managed
2024)
4CM0 is retitled to Agency CMBS. (effective March 2024)
100.00% 4.92%
e Local Pools. (effective March
by Chandler. (effective March
Table 2: Quarterly Holdings (Market Value) by Type, and YTM, 5 Quarters
Holdings (Market Value)
LAIF/CAM P
ABS
Agency
Cash'
Agency CMBS2
Money Market
Supranational
Corporate
US Treasury
Accrued Interest3
TOTAL
YIELD TO MATURITY
3/31/23 6/30/23 9/30/23
106, 543,157 120, 768,108 108, 913, 407
30,171,153 28,186,820 28,613,814
60,517,635 53,795,750 46,770,742
3,874,342
760,481
16, 860, 396
71, 092, 672
96, 639, 811
1,577,520
388,037,166
4.39%
6,570,900
2,641,554
16, 711, 738
71,551,741
99, 278,149
1,604,620
401,109,378
4.92%
7,428, 709
859,487
23,103, 092
70,490, 952
102, 206, 540
1,746,703
390,133,446
5.19%
'Includes cash on hand, receivables, payables, from accounts managed by
and accrued interest from the Local Pools. (effective March 2024)
2CM0 is retitled to Agency CMBS. (effective March 2024)
3Accrued Interest for the Local Pools is included in Cash. (effective March 2024)
12/31/23
136,194, 650
25, 798, 334
45, 535, 489
8,685,518
1,159, 231
23, 370, 361
72, 851,163
110, 817, 325
2,037,268
426,449,339 1
4.71%
Chandler and the
3/31/24
131, 332, 074
27, 628, 978
39,102, 074
730,962
8,630,360
813,046
26, 247, 930
75, 214, 801
110, 896, 377
1,713,120
422,309,722 I
4.92%
Local Pools,
Page 4 of 5
4
Funds Managed by the City
The City participates in two local agency investment pools managed by government finance
professionals and treasurers: the Local Agency Investment Fund (LAIF) and the California Asset
Management Program (CAMP). The table below shoes quarterly portfolio yields over the most
recent eight quarters.
Table 3: Quarterly Portfolio Yields, Recent 8 Quarters
Market Yield LAIF CAMP Chandler
6/30/22 0.94% 1.40% 3.20%
9/30/22 1.60% 2.61% 4.47%
12/31/22 2.23% 4.50% 4.57%
3/31/23 2.88% 4.92% 4.37%
6/30/23 3.26% 5.20% 4.98%
9/30/23 3.61% 5.52% 5.24%
12/31/23 3.95% 5.56% 4.46%
3/31/24 4.27% 5.48% 4.79%
STRATEGIC PLAN INITIATIVE:
None.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
The City Council Agenda was posted.
ATTACHMENTS:
1) City of Dublin Investment Report for Period Ending March 31, 2024
2) Transaction Ledger - January through March 2024
Page 5 of 5
5
Attachment I
IINVESTMENT REPORT
City of Dublin
Period Ending March 31, 2024
CA%CHANDLER
ASSET MANAGEMENT
CHANDLER ASSET MANAGEMENT, INC. 1800.317.4747 I www.chandlerasset.com
�i
•
Table of Contents
SECTION 1 Economic Update
SECTION 2 Account Profile
SECTION 3 Consolidated Information
SECTION 4 Portfolio Holdings
SECTION 5 Transactions
As of March 31, 2024
1 CM
7
Section 1 I Economic Update
Economic Update
• Recent economic data has shown above trend growth fueled by a rise in consumer spending and a continuing healthy US job market.
Inflationary trends are subsiding, but core levels remain above the Fed's target. Given the cumulative effects of restrictive monetary policy
and tighter financial conditions, we believe the economy will gradually soften and the Fed will loosen monetary policy in 2024.
• As expected at the March meeting, the Federal Open Market Committee voted unanimously to leave the Federal Funds rate unchanged at a
target range of 5.25 - 5.50%. The March Summary of Economic Projections (SEP) showed stronger real GDP growth outlook and higher core
inflation projections for 2024 on resilient labor market and consumer data. The median projection for Federal Funds rate by year-end
remained the same at 4.625%, implying three 0.25% cuts. We continue to believe the FOMC will loosen monetary policy in mid-2024 as
inflation and economic growth continue to moderate.
• The US Treasury yield curve stabilized in March as the FOMC left the Federal Funds rate unchanged. The 2-year Treasury yield was
unchanged at 4.62%, the 5-year Treasury fell 4 basis points to 4.21%, and the 10-year Treasury yield dropped 5 basis points to 4.20%. The
inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -42 basis points at March month -end versus -37 basis
points at February month -end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -56 basis points. The
inversion between 3-month and 10-year Treasuries widened to -117 basis points in March from -113 basis points in February.
3 CMMM
9
Employment
1,000
800
0
0
c 600
3 • 400
c 200
v
00
c
-c 0
u
2
0 -200
-400
Nonfarm Payroll (000's)
1
1
—Non-farm Payroll (000's)
3-month average (000's)
4 sop 4 sow 4 sop 'Lidr spa, 'Lid. sop 'Lid)
t's1.9 'l9 �O `-)0�1 `),l �� �) sc).1 `),s' Est
Source: US Department of Labor
25.0%
20.0%
e 15.0%
10.0%
5.0%
0.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
47 SP: 4dr Spa 47 SPA 4 Spa 4dr. SPp 4dr
19 1,9 )O `)1 �� � )o) `),1 fit!
Source: US Department of Labor
The U.S. economy added a better-than-expected 303,000 jobs in March, and the prior two months were revised up by 22,000. Leading
sectors included healthcare and government. Job creation remains healthy, with the three-month moving average payrolls at 276,000 and
the six-month moving average at 244,000. The unemployment rate edged down to 3.8% in March. The labor participation rate ticked up to
62.7% but remained below the pre -pandemic level of 63.3%. The U-6 underemployment rate, which includes those who are marginally
attached to the labor force and employed part time for economic reasons was unchanged at 7.3%. Average hourly earnings rose 4.1% year
over -year in March, down from 4.3% last month. Employment remains strong by historical standards.
4
10
YOY(%)Change
Inflation
10.0%
9.0 %
8.0 %
7.0 %
6.0%
5.0 %
4.0 %
3.0 %
2.0%
1.0 %
0.0 %
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
s s
dp1 dry Pp� d,
r1 P'c)
9 9 O O ?
Source: US Department of Labor
sox?
1
410,
YOY (%) Change
10.0%
9.0 %
8.0 %
7.0 %
6.0 %
5.0 %
4.0 %
3.0 %
2.0 %
1.0 %
0.0 %
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
Fed Target
1,g Ig �O �O 60, c)1 es �1 c)� 2� 2) ?�, �Q
Source: US Department of Commerce
The Consumer Price Index (CPI) came in higher than expected in March, increasing 0.4% month -over -month and 3.5% year -over -year. The
Core CPI, which excludes volatile food and energy components, was up 0.4% month -over -month and 3.8% year -over -year in March,
unchanged from 3.8% in February. Energy costs accelerated during the month, and shelter costs remain elevated. The Personal
Consumption Expenditures (PCE) Index headline inflation increased 0.3% month -over -month and rose 2.5% year -over -year in February, in
line with expectations. Core PCE, the Federal Reserve's preferred inflation gauge, increased 0.3% month -over -month and rose 2.8% year -
over -year. While the trend is moderating, the path to the Fed's 2% inflation target remains uneven.
Federal Reserve
10,000,000
9,000,000
8,000,000
7,000,000
c 6,000,000
5,000,000
= 4,000,000
3,000,000
2,000,000
1,000,000
0
Federal Reserve Balance Sheet Assets
Recession
4 47 47 47 �a 4 447 477 47
�v �6. .vcs) 1c53 ")O
6.00%
5.00%
4.00%
v 3.00%
2.00%
1.00%
0.00%
Effective Federal Funds Rate
• Recession
4d 4 44 40 40 4d 40 47 4d 4d 4d
O O ~O ~1 ~1 ~1 ~1 ~,I
4 6 cQ O �
Source: Federal Reserve Source: Bloomberg
As expected at the March meeting, the Federal Open Market Committee voted unanimously to leave the federal funds rate unchanged at
a target range of 5.25-5.50%. The FOMC Statement and Summary of Economic Projections (SEP) was minimally changed from January. The
Fed assesses the progress to achieving its employment and inflation goals are moving into better balance, yet changes to monetary policy
remain data dependent. For 2024, the March SEP showed stronger real GDP growth outlook of 2.1% from 1.4% in December as labor
market and consumer data have been resilient. Core inflation projections nudged up from 2.4% to 2.6%. The median projection for the
Federal Funds rate by the end of the year remained the same at 4.625%, implying three 0.25% cuts in 2024, three cuts in 2025 and three
cuts in 2026. We believe the FOMC will loosen monetary policy in mid-2024 as inflation and economic growth continue to moderate. Since
the Fed began its Quantitative Tightening campaign in June 2022, securities holdings have declined by over $1.5T to approximately $7.5T.
YOY (%) Change
Consumer
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%
0.0%
-10.0%
-20.0%
-30.0%
■■■lull
Retail Sales YOY % Change
111111111111Lmilli NI
�dr SPb 0/. sib dr SPb dr SPb 0/. sib dr
19 'l g "o �p )1 Al c)c) ,)� �•3' A0) �Q
Source: US Department of Commerce
160
140
120
100
J
80
40
20
0
0T p 08 10 1 1 16. V8 ‘-)Q
• Recession
'll
Consumer Confidence
Source: The Conference Board
All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09)
March Retail Sales rose above expectations at +0.7% after a sizeable upward revision to +0.9% in February. On a year -over -year basis,
Retail Sales growth increased 4.0% for March. Sales were supported by higher gas prices and higher volume sales in a busy travel period
for spring break at schools, as well as strength from non -store retailers. The Conference Board's Consumer Confidence Index edged down
to 104.7 in March after a sizeable downward revision to 104.8 in February. The lower reading was largely due to a deteriorating view of
the labor market and future business conditions, along with concerns about the highly polarized political environment. While the
consumer has been resilient, dwindling excess savings, rising credit card balances, and the resumption of student loan payments pose
potential headwinds to future economic growth.
13
ILeading Indicators of Economic Activity
15.0%
10.0%
5.0%
• 0.0%
.c
-5.0%
-10.0%
s
- 15.0%
- 20.0%
-25.0%
Leading Economic Indicators (LEI)
d'Q 8a 9� 96. 00 0 ,
Source: The Conference Board
Chicago Fed National Activity Index (CFNAI)
1.00
0.75
0.50
alci" 0.25
a
Cr 0.00
• 0.25
• -0.50
- 0.75
- 1.00
44 4447 4 47 47 47 47 4`9Q 8(9 9c) 96 VO 129' VcQ '7c) l6 f.$)•0 �S!
Source: Federal Reserve Bank of Chicago
The Conference Board's Leading Economic Index (LEI) dropped 0.3% month -over -month in March after registering the first increase in two
years the prior month. The index declined 5.5% year -over -year. Primary factors for the decline include weaker business orders, lower
consumer confidence and fewer building permits. The Chicago Fed National Activity Index (CFNAI) increased +0.15 in March from an
upwardly revised +0.09 in February. On a 3-month moving average basis, the CFNAI improved to -0.19 in March from -0.28 in February,
indicating below -trend economic growth.
8 C
14
In Thousands of Units
Housing
2,400
2,200
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
Annualized Housing Starts
• Multi Family Housing Starts
■ Single Family Housing Starts
47 47 470 4747 47 liar 47 47 4747
OQ 0606, 10 12 1Q 16 1� 2(9 22 2Q
Source: US Department of Commerce
Housing Starts plunged 14.7% month -over -month in March to 1.321
mortgage rates topped 7%. Starts for multi -family homes dropped 21
to Freddie Mac, 30-year fixed mortgage rates averaged 7.1% as of
housing prices rose 6.59% year -over -year in January, accelerating fro
higher mortgage rates continue to impact affordability.
24.0%
20.0%
16.0%
12.0%
a 8.0%
roc
• 4.0 %
L.)
0.0%
o -4.0%
r -8.0%
- 12.0%
- 16.0%
- 20.0%
S&P/Case-Shiller 20 City Composite Home Price Index
✓.4)r2✓`?,,, ✓`�rl ✓dam ✓`),) ✓`?,,, ✓`�rl `�� d�
0 06 O� 10 12 1Q '4 4 20 22 2Q
Source: S&P
✓ ✓ ✓ ✓
million units, due to declining confidence among homebuilders as
.7%, while single family homes fell 12.4 % for the month. According
April 18th. According to the Case-Shiller 20-City Home Price Index,
m a 6.15% year -over -year gain in December. Tight inventories and
9 C
15
Survey Based Measures
70
65
60
55
50
45
40
•
Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services
/ ✓4 So 0�, 2i ✓ So 0�, 'L ✓4 So O�, 2i ✓4 So �P ✓4 So 0�, 2i
drZ9 719 a19 cZ9 drc)0 h-)0 p�0 c�0 dr2z �1 a�1 c,Z drh`2 a�� cs2 dr�i�J' ,b�3' cc) drc)4
Source: Institute for Supply Management
The Institute for Supply Management (ISM) Manufacturing index unexpectedly expanded to 50.3 in March from 47.8 in February, marking
the first month of expansion in factory activity above a reading of 50 since 2022. Production and new orders surged, while employment
improved and prices paid increased. The ISM Services Index fell to 51.4 in March from 52.6 in February but remained in expansion
territory for the 15th consecutive month. The survey reflected slower growth in new orders, a contraction in employment, faster supplier
deliveries, and declining price pressures.
10 CA
16
Gross Domestic Product (GDP)
Components of GDP 3 6/23
12/23
Personal Consumption Expenditures
2.5% 0.6% 2.1% 2.2%
Gross Private Domestic Investment -1.7%
0.9% 1.7% 0.2%
Net Exports and Imports 0.6% 0.0% 0.0% 0.3%
Federal Government Expenditures 0.3% 0.1% 0.5% 0.2%
State and Local (Consumption and Gross
Investment)
0.5% 0.5% 0.5% 0.6%
Total 2.3% 2.1% 4.9% 3.4%
Source: US Department of Commerce
40.0%
30.0%
20.0%
10.0%
0.0%
- 10.0%
- 20.0%
-30.0%
- 40.0%
Gross Domestic Product (GDP)
1
GDP QOQ % Change
GDP YOY % Change
'lc9 'IS s9 `)0 ?O s),I c)1 c'c) c)c) c,3' c)a'
Source: US Department of Commerce
According to the third estimate, fourth quarter GDP increased at an annualized rate of 3.4%, revised up from the second estimate of 3.2%.
The upward revision was due mainly to stronger personal consumption expenditures and nonresidential investment. GDP growth for the
full year 2023 is estimated at 2.5%. The consensus projection calls for 2.0% growth in the first quarter and 2.2% growth for the full year
2024.
0
13
v
Bond Yields
6.0 %
5.0 %
4.0 %
3.0 %
2.0%
1.0%
0.0 %
4i0 SPA1��'SPp 47 SPp 47 S47 S4
1y9r�p s3p c)1 )i ,),)) �SP0)drc3Q
•
US Treasury Note Yields
2-Year
5-Year
10-Year
Source: Bloomberg
6.0 %
4.0 %
0
3.0%
ai
}
2.0 %
1.0 %
0.0 %
Source: Bloomberg
US Treasury Yield Curve
•
Mar-24
Dec-23
Mar-23
At the end of March, the 2-year Treasury yield was 59 basis point higher, and the 10-Year Treasury yield was 73 basis points higher, year -
over -year. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -42 basis points at March month -end
versus -37 basis points at February month -end. The average historical spread (since 2003) is about +130 basis points. The inversion
between 3-month and 10-year Treasuries widened to -117 basis points in March from -113 basis points in February.
Section 2 I Account Profile
Objectives
As of March 31, 2024
Investment Objectives
The investment objectives of the City of Dublin are first, to provide safety of principal; second, to provide
adequate liquidity to meet all requirements which might be reasonably anticipated; third, to attain a
market average rate of return on its investments throughout economic cycles; and fourth, to be diversified
to avoid incurring unreasonable and avoidable risks regarding specific security types or individual financial
institutions.
Chandler Asset Management Performance Objective
The performance objective of the City of Dublin is to earn a return that equals or exceeds the return on of
the ICE BofA 1-5 Year Treasury and Agency Index.
Strategy
In order to achieve this objective, the portfolio invests in high quality fixed income instruments consistent
with the City's investment policy and California Government Code.
14 CA
20
STATEMENT OF COMPLIANCE
City of Dublin 1 Account #10198 1 As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Rules Name
Limit Actual Compliance Notes
Status
AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV)
Max % Issuer (MV)
Max Maturity (Years)
ASSET -BACKED SECURITIES (ABS)
Max % (MV; Non Agency ABS & MBS)
Max % Issuer (MV)
Max Maturity (Years)
Min Rating (AA- by 1)
BANKERS' ACCEPTANCES
20.0 0.0 Compliant
20.0 0.0 Compliant
5.0 0.0 Compliant
20.0 9.5 Compliant
5.0 1.1 Compliant
5 4 Compliant
0.0 0.0 Compliant
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1) 0.0 0.0 Compliant
COMMERCIAL PAPER
Max % (MV) 25.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant
CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 26.1 Compliant
Max % Issuer (MV) 5.0 1.5 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
FEDERAL AGENCIES
Max % (MV) 100.0 13.5 Compliant
Max % Issuer (MV) 35.0 4.9 Compliant
Max Callables (MV) 25.0 0.0 Compliant
Max Maturity (Years) 5 4 Compliant
LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 0.0 Compliant
MONEY MARKET MUTUAL FUNDS
Max % (MV; Money Market Fund & Mutual Fund) 20.0 0.3 Compliant
Max % Issuer (MV) 20.0 0.3 Compliant
15
21
STATEMENT OF COMPLIANCE
City of Dublin 1 Account #10198 1 As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Rules Name
Limit Actual Compliance Notes
Status
Min Rating (AAA by 2)
MORTGAGE -BACKED SECURITIES (NON -AGENCY)
Max % (MV)
Max % Issuer (MV)
Max Maturity (Years)
Min Rating (AA- by 1)
MUNICIPAL SECURITIES (ALL STATES)
Max % Issuer (MV)
Max Maturity (Years)
Min Rating (A- by 1)
MUTUAL FUNDS
0.0
20.0
5.0
5.0
0.0
5.0
5.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Compliant
Compliant
Compliant
Compliant
Compliant
Compliant
Compliant
Compliant
Max % (MV; Money Market Fund & Mutual Fund) 20.0 0.3 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant
NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant
SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 9.1 Compliant
Max % Issuer (MV) 10.0 4.4 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
TIME DEPOSITS
Max % (MV) 10.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 38.4 Compliant
Max Maturity (Years) 5 4 Compliant
16
22
Portfolio Characteristics
City of Dublin
As of March 31, 2024
03/31/24 12/31/23
Benchmark* Portfolio Portfolio
Average Maturity (yrs)
Average Modified Duration
Average Purchase Yield
Average Market Yield
Average Quality**
Total Market Value
*ICE BofA 1-5 Yr US Treasury & Agency Index
**Benchmark is a blended rating of S&P, Moody's, and Fitch. Portfolio is S&P and Moody's respectively.
2.68
2.52
n/a
4.57%
AA+
2.90
2.50
3.12%
4.79%
AA
290, 703,168
2.87
2.45
2.87%
4.46%
AA/Aa 1
290,000,185
17 CM
23
Sector Distribution
US Treasury
38.4%
Supranational
9.1%
City of Dublin
March 31, 2024 December 31, 2023
Agency CMBS
3.0
Cash
0.2
WO
Agency
13.5%
Asset Backed
Security
9.5%
111 Corporate
26.1%
Money Market
Fund
0.3%
US Treasury
38.4%
Supranational
8.1%
CMO
3.0%
Money Market
Fund
0.4
As of March 31, 2024
ABS
8.9%
Agency
15.8%
Corporate
25.4%
18 CM
24
IIssuers
City of Dublin - Account #10198
As of March 31, 2024
Issue Name
Investment Type % Portfolio
Government of the United States
Federal National Mortgage Association
Intl Bank Recon and Development
Inter -American Dev Bank
Federal Home Loan Mortgage Corp
Federal Home Loan Bank
Federal Home Loan Mortgage Corp
Federal Farm Credit Bank
JP Morgan ABS
United Health Group Inc
Bank of Montreal Chicago
John Deere ABS
Bank of America Corp
Deere & Company
Toronto Dominion Holdings
Toyota Motor Corp
Royal Bank of Canada
Merck & Company
JP Morgan Chase & Co
Hyundai Auto Receivables
Morgan Stanley
Qualcomm Inc
Metlife Inc
Mercedes-Benz
Amazon.com Inc
Tennessee Valley Authority
US Bancorp
Northwestern Mutual Glbl
Caterpillar Inc
Chubb Corporation
GM Financial Securitized Term Auto Trust
Honeywell Corp
Honda Motor Corporation
Berkshire Hathaway
American Express ABS
Wal-Mart Stores
Realty Income Corp
Charles Schwab Corp/The
US Treasury
Agency
Supranational
Supranational
Agency CMBS
Agency
Agency
Agency
Asset Backed Security
Corporate
Corporate
Asset Backed Security
Corporate
Corporate
Corporate
Corporate
Corporate
Corporate
Corporate
Asset Backed Security
Corporate
Corporate
Corporate
Asset Backed Security
Corporate
Agency
Corporate
Corporate
Corporate
Corporate
Asset Backed Security
Corporate
Corporate
Corporate
Asset Backed Security
Corporate
Corporate
Corporate
38.37%
4.97%
4.36%
4.16%
2.98%
2.94%
2.83%
1.89%
1.73%
1.51%
1.48%
1.44%
1.42%
1.38%
1.37%
1.30%
1.21%
1.20%
1.16%
1.05%
1.04%
1.03%
0.99%
0.96%
0.94%
0.90%
0.88%
0.86%
0.86%
0.84%
0.84%
0.83%
0.81%
0.74%
0.74%
0.69%
0.66%
0.62%
19 CM
25
Issuers
City of Dublin — Account #10198
As of March 31, 2024
Issue Name
Investment Type % Portfolio
GM Financial Automobile Leasing Trust
International Finance Corp
Cisco Systems
Toyota Lease Owner Trust
Bank of New York
Honda ABS
Target Corp
BMW ABS
Toyota ABS
Dominion Resources Inc
Hyundai Auto Lease Securitization
First American Govt Oblig Fund
Guardian Life Global Funding
Salesforce.com Inc
Account Receivable Payable
BMW Vehicle Lease Trust
TOTAL
Asset Backed Security
Supranational
Corporate
Asset Backed Security
Corporate
Asset Backed Security
Corporate
Asset Backed Security
Asset Backed Security
Corporate
Asset Backed Security
Money Market Fund
Corporate
Corporate
Cash
Asset Backed Security
0.58 %
0.56 %
0.54%
0.52 %
0.51 %
0.49%
0.43 %
0.42 %
0.34%
0.34%
0.30%
0.28%
0.25 %
0.16%
0.16%
0.10%
100.00%
20 CM
26
I Quality Distribution
70.0%
60.0 %
50.0%
40.0%
30.0%
20.0 %
10.0 %
0.0%
03/31/24
12/31/23
Source: S&P Ratings
1
AAA
18.0%
16.9%
City of Dublin
March 31, 2024 vs. December 31, 2023
AA
■ 03/31/24
60.5%
59.1%
1
A
21.1%
20.2%
<A
12/31/23
As of March 31, 2024
IM
NR
0.3% 0.0%
0.3%
3.5%
21 CM
27
I Duration Distribution
40.0%
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
0 - 0.25
0.25 - 0.50
City of Dublin
Portfolio Compared to the Benchmark
0.50 - 1
■ City of Dublin
1-2 2-3
3-4
4-5 5+
ICE BofA 1-5 Yr US Treasury & Agency Index
As of March 31, 2024
0-0.25 0.25-0.50 0.50-1 1-2
2-3 3-4
4-5 5+
Portfolio
Benchmark*
2.7%
0.0%
*ICE BofA 1-5 Yr US Treasury & Agency Index
0.0%
9.0%
2.3%
26.5%
34.7%
18.9%
26.9%
31.9%
22.6%
9.9%
13.6%
0.0%
0.0%
22 cm
28
IInvestment Performance
3.50%
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
- 0.50%
- 1.00%
As of March 31, 2024
City of Dublin
Total Rate of Return Annualized Since Inception October 31, 2013
12 months 2 years
3 years 5 years
10 years Since Inception
• City of Dublin ICE BofA 1-5 Yr US Treasury & Agency Index*
Annualized
TOTAL RATE OF RETURN 3 months 12 months 2 years 3 years 5 years 10 years Since
Inception
City of Dublin 0.24% 3.33% 1.57% -0.11% 1.31% 1.34% 1.30%
ICE BofA 1-5 Yr US Treasury & Agency Index* -0.01% 2.45% 1.02% -0.58% 0.96% 1.07% 1.04%
*ICE BofA 1-3 Yr US Treasury & Agency Index to 12/31/14
Total rate of return: A measure of a portfolio's performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the
ending value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.
23 c
29
Portfolio Characteristics
City of Dublin Rptg Account
As of March 31, 2024
03/31/24
Portfolio
12/31/23
Portfolio
Average Maturity (yrs)
Modified Duration
Average Purchase Yield
Average Market Yield
Average Quality*
Total Market Value
*Portfolio is S&P and Moody's, respectively.
0.00
0.00
5.22%
5.22%
AAA
131,606,553
0.00
0.00
5.25%
5.24%
AAA/N R
136,449,154
24 CM
30
Sector Distribution
City of Dublin Rptg Account
March 31, 2024 December 31, 2023
Cash
0.2
Local Gov
Investment Pool
79.4%
LAIF
20.4%
Local Gov
Investment Pool
80.4%
As of March 31, 2024
LAIF
19.6%
25 CM
31
Issuers
City of Dublin Rptg Account — Account #10219
As of March 31, 2024
Issue Name
Investment Type % Portfolio
CAMP
Local Agency Investment Fund
Account Receivable Payable
TOTAL
Local Gov Investment Pool
LAIF
Cash
79.43%
20.36%
0.21%
100.00 %
26 Q
32
Section 3 I Consolidated Information
27 Q
33
Portfolio Characteristics
Average Maturity (yrs)
Modified Duration
Average Purchase Yield
Average Market Yield
Average Quality*
Total Market Value
* Portfolio is S&P and Moody's respectively.
City of Dublin Consolidated
03/31/24
Portfolio
1.99
1.72
3.77%
4.92%
AA+
422,309,722
12/31/23
Portfolio
1.95
1.67
3.44%
4.71%
AA+/Aa 1
426,449,339
As of March 31, 2024
28 Q
34
Sector Distribution
US Treasury
26.4%
Supranational
6.2%
Money Market
Fund
0.2%
March 31, 2024
Agency CMBS
2 0% Cash
0.2 %
Local Gov
Investment Pool
24.8%
Agency
9.3%
LAIF
6.3%
City of Dublin Consolidated
Asset Backed
Security
6.6%
Corporate
17.9%
US Treasury
26.1%
Supranational
5.5%
Money Market
Fund
0.3%
December 31, 2023
Local Gov
Investment Pool
25.7%
CMO
2.0%
ABS
6.1%
LAI F
6.3%
As of March 31, 2024
Agency
10.7 %
Corporate
17.2%
29 c
35
Section 4 I Portfolio Holdings
HOLDINGS REPORT
City of Dublin 1 Account #10198 1 As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Cusip Security Description
Par Value/ Purchase Date Cost Value Mkt Price
Units Purchase Yield Book Value Mkt YTM
Moody's/
Market Value % of Port. Maturity
Accrued Int. Gain/Loss F& h Duration
ABS
44891WAC3
89238LAC4
36265MAC9
025821.118
36266FAC3
44933LAC7
47788UAC6
05593AAC3
44934KAC8
43815GAC3
47789QAC4
44935FAD6
43815BAC4
05602RAD3
47787JAC2
362554AC1
448977AD0
HALST 2022-A A3 1.16 01/15/2025
TLOT 2022-A A3 1.96 02/20/2025
GMALT 2022-1 A3 1.9 03/20/2025
AMXCA 2022-2 A 05/17/2027
GMALT 2022-2 A3 3.42 06/20/2025
HART 2021-A A3 0.38 09/15/2025
JDOT 2021 A3 0.36 09/15/2025
BMWLT 2023-1 A3 5.16 11/25/2025
HART 2021-B A3 0.38 01/15/2026
HAROT 2021-4 A3 0.88 01/21/2026
JDOT 2021-6 A3 0.52 03/16/2026
HART 2021-C A3 0.74 05/15/2026
HAROT 2022-1 A3 1.88 05/15/2026
92,519.21
520,884.55
232,980.22
2,205,000.00
472,316.61
114,322.12
144,721.51
295,000.00
655,656.49
415,661.55
432,275.54
290,048.17
1,043,543.80
675,116.95
JDOT 2022 A3 0.36 09/15/2026 697,821.46
GMCAR 2021-4 A3 0.68 09/16/2026 341,764.76
HART 2022-A A3 2.22 10/15/2026 864,996.17
BMWOT 2022-A A3 3.21
08/25/2026
01/11/2022 92,517.16 99.81
1.16% 92,518.76 5.65%
02/23/2022 520,802.56 99.65
1.96% 520,863.27 4.48%
02/15/2022 232,978.22 99.76
1.91% 232,979.71 3.51%
05/17/2022 2,204,512.25 97.93
3.42% 2,204,739.66 5.33%
05/03/2022 472,267.35 99.65
3.45% 472,299.78 5.17%
04/20/2021 114,310.09 99.18
0.39% 114,319.30 5.26%
03/02/2021 144,693.70 98.74
0.37% 144,714.20 5.84%
02/07/2023 294,992.98 99.76
5.43% 294,995.83 5.64%
07/20/2021 655,511.79 98.47
0.60% 655,611.15 5.90%
11/16/2021 415,573.93 97.56
0.89% 415,627.77 5.98%
07/13/2021 432,236.98 97.64
0.52% 432,261.52 5.58%
11/09/2021 289,983.43 97.77
0.75% 290,022.34 6.00%
02/15/2022 1,043,386.84 97.68
1.89% 1,043,472.01 6.04%
05/10/2022 675,081.85 98.48
3.23% 675,098.72 5.71%
03/10/2022 697,667.09 97.90
2.34% 697,743.09 5.74%
10/13/2021 341,756.05 97.10
0.68% 341,761.07 6.58%
03/09/2022 864,962.87 97.85
2.23% 864,979.53 6.00%
92,346.49
47.70
519,069.63
311.95
232,413.71
135.26
2,159,446.46
3,322.20
470,674.04
493.57
113,385.27
19.31
142,903.55
23.16
294,306.43
253.70
645,610.00
110.73
405,531.75
101.61
422,094.50
99.90
283,577.63
95.39
1,019,291.63
871.94
664,881.50
361.19
683,169.02
719.53
331,865.55
96.83
846,402.30
853.46
0.03% Aaa/AAA
(172.27) NA
0.18% NA/AAA
(1,793.64) AAA
0.79
0.04
0.89
0.11
0.08% Aaa/NA 0.97
(566.00) AAA 0.07
0.75% NA/AAA 1.12
(45,293.19) AAA 1.60
0.16% NA/AAA 1.22
(1,625.74) AAA 0.17
0.04% NA/AAA 1.46
(934.03) AAA 0.24
0.05% Aaa/NA 1.46
(1,810.65) AAA 0.28
0.10% Aaa/AAA 1.65
(689.40) NA 0.64
0.22% NA/AAA 1.79
(10,001.14) AAA 0.46
0.14% Aaa/NA 1.81
(10,096.02) AAA 0.67
0.15% Aaa/NA 1.96
(10,167.02) AAA 0.53
0.10% NA/AAA 2.12
(6,444.70) AAA 0.66
0.35% Aaa/AAA 2.12
(24,180.38) NA 0.81
0.23% Aaa/AAA 2.40
(10,217.21) NA 0.93
0.24% Aaa/NA 2.46
(14,574.07) AAA 0.77
0.11% Aaa/AAA 2.46
(9,895.53) NA 0.85
0.29% NA/AAA 2.54
(18,577.23) AAA 0.91
31
37
HOLDINGS REPORT
City of Dublin I Account #10198 I As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Cusip Security Description
Par Value/ Purchase Date Cost Value Mkt Price
Units Purchase Yield Book Value Mkt YTM
Market Value
Accrued Int.
of Port. Moody's/ Maturity
Gain/Loss Fit h Duration
380146AC4
GMCAR 2022-1 A3 1.23 11/16/2026
343,311.18
01/11/2022
1.27%
343,281.34
343,296.95
97.54
6.28%
334,871.42
180.24
0.12% NA/AAA
(8,425.53) AAA
2.63
0.90
362585AC5 GMCAR 2022-2 A3 3.102/16/2027
709,976.37
04/05/2022
3.13%
709,827.98
709,895.52
98.21
5.87%
697,252.95
917.05
0.24% Aaa/AAA
(12,642.57) NA
2.88
1.12
47800AAC4 JDOT 2022-B A3 3.74 02/16/2027 1,045,000.00
07/12/2022 1,044,900.20
3.77% 1,044,939.60
98.54 1,029,699.32 0.36% Aaa/NA 2.88
5.73% 1,737.02 (15,240.28) AAA 1.04
448988AD7 HALST 24A A3 5.02 03/15/2027 785,000.00
01/17/2024 784,851.24
5.03% 784,860.07
99.52 781,199.34 0.27% NA/AAA 2.96
5.57% 1,751.42 (3,660.72) AAA 1.87
36269FAD8 GMALT 2024-1 A3 5.09 03/22/2027 995,000.00
02/08/2024 994,875.63
5.09% 994,880.69
99.93 994,343.60 0.34% NA/AAA 2.97
5.49% 1,547.50 (537.09) AAA 1.90
89238GAD3 TLOT 2024-A A3 5.25 04/20/2027 1,000,000.00
02/21/2024 999,957.80 100.29 1,002,869.40 0.35% NA/AAA 3.05
5.25% 999,959.05 5.59% 1,604.17 2,910.35 AAA 2.00
47800BAC2 JDOT 2022-C A3 5.09 06/15/2027 1,350,000.00
10/12/2022 1,349,895.24 99.65
5.15% 1,349,929.20 5.67%
1,345,238.82
3,054.00
58768PAC8 MBART 2022-1 A3 5.2108/16/2027 2,790,000.00
11/15/2022 2,789,448.14
5.28% 2,789,612.62
99.89
5.58%
0.47% Aaa/NA
(4,690.38) AAA
2,787,041.76
6,460.40
0.96% Aaa/AAA
(2,570.86) NA
3.21
1.33
3.38
1.59
362583AD8 GMCAR 2023-2 A3 4.47 02/16/2028 625,000.00
04/04/2023 624,982.81
4.51% 624,986.26
98.91 618,200.75 0.21% Aaa/AAA 3.88
5.50% 1,164.06 (6,785.51) NA 2.28
05592XAD2 BMWOT 2023-A A3 5.47 550,000.00
02/25/2028
07/11/2023 549,902.54 100.41 552,256.04 0.19% NA/AAA 3.91
5.47% 549,917.48 5.49% 501.42 2,338.56 AAA 2.26
89239FAD4 TAOT 2023-D A3 5.54 08/15/2028 980,000.00
11/07/2023 979,894.36 101.06 990,415.15 0.34% NA/AAA 4.38
6.30% 979,902.82 5.46% 2,412.98 10,512.33 AAA 2.78
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 3,090,000.00
09/07/2023 3,089,143.45 100.51 3,105,749.42 1.07% NR/AAA 4.46
5.17% 3,089,236.75 5.33% 7,086.40 16,512.67 AAA 2.26
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 550,000.00
03/11/2024 549,969.20
5.12% 549,969.44
99.98 549,913.26 0.19% Aaa/NA 4.63
5.41% 909.33 (56.17) AAA 2.28
36268GAD7 GMCAR 2024-1 A3 4.85 12/18/2028 445,000.00
01/09/2024 444,910.51
4.91% 444,914.24
161571HV9 CHAIT 241 A 4.6 01/16/2029 1,910,000.00
99.72 443,774.43 0.15% Aaa/NA 4.72
5.40% 899.27 (1,139.82) AAA 3.05
01/24/2024 1,909,709.11
4.61% 1,909,718.90
448973AD9 HART 2024-A A3 4.99 02/15/2029 1,170,000.00
Total ABS 27,832,916.66
AGENCY
99.44 1,899,254.91 0.66% NR/AAA 4.80
4.86% 3,904.89 (10,463.99) AAA 2.71
03/11/2024 1,169,742.02
5.05% 1,169,743.75
27,828,526.72
4.03% 27,829,771.02
99.99
5.38%
99.28
5.51%
1,169,928.04
1,783.92
27,628,978.09
43,831.51
0.40% NA/AAA
184.30 AAA
9.56% Aaa/AAA
(200,792.93) AAA
32
4.88
2.23
3.13
1.61
38
HOLDINGS REPORT
City of Dublin 1 Account #10198 1 As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Cusip Security Description
Par Value/ Purchase Date Cost Value Mkt Price
Units Purchase Yield Book Value Mkt YTM
Market Value
Accrued Int.
of Port. Moody's/ Maturity
Gain/Loss Fit h Duration
3133ENZ94
3135G0X24
3137EAEPO
3135G03U5
3135G04Z3
3137EAEU9
3135G05X7
3137EAEX3
3135G06G3
3130ATUC9
3130ATS57
880591EZ1
3130AWMN7
FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 11/18/2024
FEDERAL NATIONAL MORTGAGE
ASSOCIATION 1.625 01/07/2025
FEDERAL HOME LOAN MORTGAGE
CORP 1.5 02/12/2025
FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.625 04/22/2025
FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 06/17/2025
FEDERAL HOME LOAN MORTGAGE
CORP 0.375 07/21/2025
FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 08/25/2025
FEDERAL HOME LOAN MORTGAGE
CORP 0.375 09/23/2025
FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 11/07/2025
FEDERAL HOME LOAN BANKS 4.5
12/12/2025
FEDERAL HOME LOAN BANKS 4.5
03/10/2028
TENNESSEE VALLEY AUTHORITY
3.875 03/15/2028
FEDERAL HOME LOAN BANKS 4.375
06/09/2028
5,480,000.00
4,200,000.00
4,200,000.00
1,825,000.00
3,435,000.00
1,745,000.00
2,755,000.00
2,655,000.00
2,860,000.00
4,000,000.00
3,000,000.00
2,645,000.00
1,500,000.00
5,474,191.20
5,478,164.39
4,287,898.80 97.36
1.19% 4,213,986.28 5.18%
4,254,786.30 96.91
1.23% 4,209,625.18 5.20%
04/22/2020 1,821,240.50 95.48
0.67% 1,824,204.40 5.06%
06/17/2020 3,427,889.55 94.84
0.54% 3,433,276.96 4.95%
07/21/2020 1,736,309.90 94.34
0.48% 1,742,732.19 4.90%
08/25/2020 2,742,106.60 93.93
0.47% 2,751,387.87 4.91%
09/23/2020 2,647,008.45 93.67
0.44% 2,652,634.08 4.87%
11/09/2020 2,849,761.20 93.47
0.57% 2,856,710.77 4.79%
02/09/2023 4,029,238.40 99.50
4.22% 4,017,497.88 4.81%
03/21/2023 3,065,010.00 100.43
4.01% 3,051,542.36 4.38%
2,661,791.35 98.26 2,598,917.99
3.73% 2,658,594.20 4.36% 4,555.28
07/2 6/202 3 1, 506, 615.00 100.07 1, 501, 069.98
4.27% 1,505,689.12 4.35% 20,416.67
40,503,847.25 97.09 39,102,074.45
11/15/2022
4.55%
99.55
5.22%
5,455,589.18
91,105.00
4,089,134.74
15,925.00
4,070,252.30
8,575.00
1,742,530.95
5,037.76
3,257,583.62
4,961.67
1,646,208.19
1,272.40
2,587,854.15
1,033.12
2,486,935.34
221.25
2,673,323.25
5,720.00
3,979,843.52
54,500.00
3,012,831.24
7,875.00
Total Agency 40,300,000.00 2.23% 40,396,045.68 4.90% 221,198.14
AGENCY CMBS
3137BFE98 FHMS K-041 A2 3.171 10/25/2024 1,964,960.54 07/01/2021 2,113,714.19 98.68 1,938,936.21
0.66% 1,987,990.93 5.34% 5,192.41
3137BSRE5 FHMS K-059 A2 3.12 09/25/2026 2,000,000.00 02/18/2022 2,085,625.00 96.17 1,923,445.20
2.08% 2,045,822.35 5.13% 5,200.00
3137F4D41 FHMS K-074 A2 3.6 01/25/2028 1,000,000.00 07/25/2023 954,414.06 96.46 964,576.60
4.73% 961,401.27 5.04% 3,000.00
1.89% Aaa/AA+
(22,575.21) AA+
1.41% Aaa/AA+
(124,851.54) AA+
0.64
0.61
0.77
0.75
1.41% Aaa/AA+ 0.87
(139,372.88) AA+ 0.84
0.60% Aaa/AA+ 1.06
(81,673.45) AA+ 1.03
1.13% Aaa/AA+ 1.21
(175,693.34) AA+ 1.18
0.57% Aaa/AA+ 1.31
(96,524.00) AA+ 1.27
0.90% Aaa/AA+ 1.40
(163,533.72) AA+ 1.37
0.86% Aaa/AA+ 1.48
(165,698.74) AA+ 1.44
0.93% Aaa/AA+ 1.61
(183,387.51) AA+ 1.56
1.38% Aaa/AA+ 1.70
(37,654.36) AA+ 1.60
1.04% Aaa/AA+ 3.94
(38,711.12) AA+ 3.58
0.90% Aaa/AA+ 3.96
(59,676.21) AA+ 3.62
0.52% Aaa/AA+ 4.19
(4,619.14) AA+ 3.75
13.53% Aaa/AA+ 1.66
(1,293,971.23) AA+ 1.56
0.67% Aaa/AA+ 0.57
(49,054.72) AAA 0.49
0.67% Aaa/AAA 2.49
(122,377.15) AAA 2.25
0.33% Aaa/AA+ 3.82
3,175.33 AAA 3.42
33
39
HOLDINGS REPORT
City of Dublin 1 Account #10198 1 As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Cusip Security Description
Par Value/ Purchase Date Cost Value Mkt Price
Units Purchase Yield Book Value Mkt YTM
Market Value
Accrued Int.
Moody's/
%
of Port. Maturity
Gain/Loss Fit h Duration
3137FG6X8
FHMS K-077 A2 3.85 05/25/2028
3137FK4M5 FHMS K-085 A2 4.06 10/25/2028
Total Agency
CMBS
CASH
CCYUSD
CCYUSD
Total Cash
CORPORATE
Cash
Receivable
2,815,000.00
1,100,000.00
8,879,960.54
12,415.95
444,066.15
456,482.10
24422ETT6 JOHN DEERE CAPITAL CORP 2.65 2,000,000.00
06/24/2024
79466LAG9 SALESFORCE INC 0.625 07/15/2024 465,000.00
90331HPL1 US BANK NA 2.05 01/21/2025 2,610,000.00
00440EAS6 CHUBB INA HOLDINGS INC 3.15 2,500,000.00
03/15/2025
14913R2V8 CATERPILLAR FINANCIAL SERVICES 1,165,000.00
CORP 3.4 05/13/2025
747525AF0 QUALCOMM INC 3.45 05/20/2025 3,000,000.00
61747YEA9 MORGAN STANLEY 0.79 05/30/2025 3,040,000.00
438516CB0 HONEYWELL INTERNATIONAL INC 2,500,000.00
1.35 06/01/2025
ROYAL BANK OF CANADA 1.15
78015K7H1 1,000,000.00
06/10/2025
66815L2J7 NORTHWESTERN MUTUAL GLOBAL 2,500,000.00
FUNDING 4.0 07/01/2025
05/24/2023
4.24%
10/30/2023
5.37%
3.15%
2,763,318.36
2,772,142.76
1,038,253.91
1,043,448.15
8,955,325.52
8,810,805.45
12,415.95
0.00% 12,415.95
444,066.15
0.00% 444,066.15
456,482.10
0.00% 456,482.10
2,093,680.00
1.35% 2,005,947.82
06/29/2021 464,762.85
0.64% 464,977.34
01/16/2020 2,604,440.70
2.09% 2,609,102.36
2,753,600.00
0.78% 2,555,918.13
05/10/2022 1,163,520.45
3.44% 1,164,450.57
3,159,848.58
1.61% 3,048,111.12
05/26/2021 3, 041, 611.70
0.77% 3,040,086.92
06/23/2020 2,559,500.00
0.85% 2,513,270.75
02/22/2021 1,012,240.00
0.86% 1,003,397.83
06/27/2022 2,499,150.00
4.01% 2,499,646.35
97.01
5.05%
97.51
5.04%
97.20
5.13%
1.00
0.00%
1.00
0.00%
1.00
0.00%
2,730,759.15
9,031.46
1,072,642.67
3,721.67
8,630,359.83
26,145.53
12,415.95
0.00
444,066.15
0.00
456,482.10
0.00
0.94%
(41,383.60)
0.37%
29,194.52
2.99%
(180,445.62)
Aaa/AA+
MA
Aaa/AA+
AA+
4.15
3.67
4.57
4.04
Aaa/AA+ 2.99
AAA 2.66
0.00% Aaa/AAA 0.00
0.00 AAA 0.00
0.15% Aaa/AAA 0.00
0.00 AAA 0.00
0.16% Aaa/AAA 0.00
0.00 AAA 0.00
99.35 1,987,051.86 0.69% A1/A 0.23
5.45% 14,280.56 (18,895.96) A+ 0.23
98.61 458,546.97 0.16% A1/A+ 0.29
5.50% 613.54 (6,430.37) NA 0.29
97.34 2,540,479.67 0.88% A2/A+ 0.81
5.47% 10,403.75 (68,622.68) A+ 0.78
97.92 2,447,959.40 0.85% A3/A 0.96
5.41% 3,500.00 (107,958.73) A 0.93
98.08 1,142,618.17 0.40% A2/A 1.12
5.19% 15,183.83 (21,832.40) A+ 1.07
98.13 2,944,046.40 1.02% A2/A 1.14
5.16% 37,662.50 (104,064.72) NA 1.09
99.07 3,011,816.16 1.04% A1/A- 1.16
6.40% 8,072.04 (28,270.76) A+ 0.17
95.83 2,395,772.22 0.83% A2/A 1.17
5.07% 11,250.00 (117,498.53) A 1.13
95.39 953,884.97 0.33% A1/A 1.19
5.19% 3,545.83 (49,512.86) AA- 1.16
98.65 2,466,351.28 0.85% Aaa/AA+ 1.25
5.12% 25,000.00 (33,295.07) AAA 1.20
34
40
HOLDINGS REPORT
City of Dublin 1 Account #10198 1 As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Cusip Security Description
Par Value/ Purchase Date Cost Value Mkt Price
Units Purchase Yield Book Value Mkt YTM
Moody's/
Market Value % of Port. Maturity
Accrued Int. Gain/Loss Ftch Duration
02665WDL2
89114QCK2
06051GHY8
46647PBH8
808513BR5
91324PEC2
89236TJ K2
58989V2D5
06368FAC3
931142ER0
59217GER6
87612EBM7
808513BY0
084664CZ2
40139LBF9
023135CF1
46647PCB0
927804GH1
AMERICAN HONDA FINANCE CORP
1.2 07/08/2025
TORONTO-DOMINION BANK 0.75
09/11/2025
BANK OF AMERICA CORP 2.015
02/13/2026
JPMORGAN CHASE & CO 2.005
03/13/2026
CHARLES SCHWAB CORP 1.15
05/13/2026
UNITEDHEALTH GROUP INC 1.15
05/15/2026
TOYOTA MOTOR CREDIT CORP 1.125
06/18/2026
MET TOWER GLOBAL FUNDING 1.25
09/14/2026
BANK OF MONTREAL 1.25
09/15/2026
1,000,000.00
1,000,000.00
1,250,000.00
1,000,000.00
1,370,000.00
2,000,000.00
2,485,000.00
1,285,000.00
2,500,000.00
WALMART INC 1.05 09/17/2026 585,000.00
1,860,000.00
TARGET CORP 1.95 01/15/2027 1,340,000.00
METROPOLITAN LIFE GLOBAL
FUNDING 11.875 01/11/2027
CHARLES SCHWAB CORP 2.45
03/03/2027
BERKSHIRE HATHAWAY FINANCE
CORP 2.3 03/15/2027
GUARDIAN LIFE GLOBAL FUNDING
3.246 03/29/2027
585,000.00
2,295,000.00
765,000.00
AMAZON.COM INC 3.3 04/13/2027 1,750,000.00
JPMORGAN CHASE & CO 1.578 500,000.00
04/22/2027
VIRGINIA ELECTRIC AND POWER CO
3.75 05/15/2027 1,000,000.00
08/10/2021
1.00%
02/16/2021
0.81%
03/04/2021
1.15%
04/29/2021
1.21%
05/11/2021
1.20%
1,007,640.00
1,002,480.59
997,230.00
999,122.11
1,291,725.00
1,259,227.08
1,030,270.00
1,007,412.19
1,366,821.60
1,368,656.23
1,939,210.15
1.90% 1,969,350.44
06/15/2021 2,483, 906.60
1.13% 2,484,516.18
09/07/2021 1,283,817.80
1.27% 1,284,419.91
2,495,539.50
1.29% 2,497,808.84
09/08/2021 583,894.35
1.09% 584,455.65
01/03/2022 1,857,879.60
1.90% 1,858,821.35
01/19/2022 1,337,722.00
1.99% 1,338,722.47
03/01/2022 584,368.20
2.47% 584,631.16
03/07/2022 2,294,563.95
2.30% 2,294,742.57
03/24/2022 765,000.00
3.25% 765,000.00
04/25/2022 1, 746, 972.50
3.34% 1,748,150.42
08/23/2022 449,845.00
4.64% 470,983.49
999,773.40
3.75% 999,845.95
94.97
5.35%
93.92
5.17%
96.88
5.76%
96.68
5.65%
92.19
5.09%
92.49
4.92%
92.04
4.96%
91.04
5.19%
91.23
5.10%
91.68
4.67%
91.85
5.05%
92.95
4.67%
93.19
4.98%
94.16
4.43%
95.29
4.96%
96.18
4.66%
92.71
5.36%
96.47
4.98%
949,728.47
2,766.67
939,171.10
416.67
1,210,965.95
3,358.33
966,764.94
1,002.50
1,262,992.55
6,039.42
1,849,897.68
8,688.89
2,287,263.33
7,998.59
1,169,802.40
758.51
2,280,676.22
1,388.89
536,299.66
238.88
1,708,455.94
7,750.00
1,245,567.31
5,516.33
545,154.67
1,114.75
2,161,085.49
2,346.00
728,932.62
137.96
1,683,209.99
26,950.00
463,557.40
3,484.75
964,663.65
14,166.67
0.33% A3/A-
(52,752.12) A
0.32% Al/A
(59,951.01) AA-
0.42% Al/A-
(48,261.13) AA-
0.33% Al/A-
(40,647.25) AA-
0.44% A2/A-
(105,663.68) A
0.64% A2/A+
(119,452.76) A
0.79% A1/A+
(197,252.84) A+
0.40% Aa3/AA-
(114,617.51) AA-
0.79% A2/A-
(217,132.61) AA-
0.19% Aa2/AA
(48,155.99) AA
0.59% Aa3/AA-
(150,365.41) AA-
0.43% A2/A
(93,155.16) A
0.19% A2/A-
(39,476.49) A
0.75% Aa2/AA
(133,657.08) A+
0.25% Aa1/AA+
(36,067.38) NA
0.58% Al/AA
(64,940.43) AA-
0.16% Al/A-
(7,426.09) AA-
0.33% A2/BBB+
(35,182.30) A
35
1.27
1.23
1.45
1.41
1.87
0.84
1.95
0.92
2.12
2.04
2.12
2.05
2.22
2.14
2.46
2.36
2.46
2.37
2.47
2.38
2.78
2.64
2.79
2.65
2.92
2.76
2.96
2.81
2.99
2.81
3.04
2.80
3.06
1.97
3.12
2.86
41
HOLDINGS REPORT
City of Dublin 1 Account #10198 1 As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Cusip Security Description
Par Value/ Purchase Date
Units Purchase Yield
Moody's/
Cost Value Mkt Price Market Value % of Port. Maturity
Book Value Mkt YTM Accrued Int. Gain/Loss F8ch Duration
14913R3A3
CATERPILLAR FINANCIAL SERVICES
CORP 3.6 08/12/2027
931142EX7 WALMART INC 3.95 09/09/2027
89236TKJ3
1,375,000.00
1,500,000.00
1,357,243.75
3.89% 1,362,865.89
96.37
4.78%
1,325,114.01
6,737.50
0.46% A2/A
(37,751.88) A+
3.37
3.11
1,498,302.30
3.97% 1,498,832.25
98.25
4.50%
1,473,760.66
3,620.83
0.51% Aa2/AA
(25,071.58) AA
3.44
3.17
TOYOTA MOTOR CREDIT CORP 4.55
09/20/2027
1,500,000.00
11/22/2022 1,479,060.00 99.03
4.88% 1,484,925.58 4.86%
1,485,431.43
2,085.42
0.51% A1/A+
505.85 A+
3.47
3.17
023135CP9 AMAZON.COM INC 4.55 12/01/2027 1,000,000.00
01/17/2023 1,014,400.00 99.95
4.21% 1,010,789.69 4.56%
999,465.36
15,166.67
0.35% Al/AA 3.67
(11,324.33) AA- 3.30
89115A2M3
TORONTO-DOMINION BANK 5.156
01/10/2028
3,000,000.00
756109AU8
REALTY INCOME CORP 3.65
01/15/2028
960,000.00
24422EWR6
JOHN DEERE CAPITAL CORP 4.75
01/20/2028
2,000,000.00
2,984,380.00
5.28% 2,987,111.65
100.64
4.97%
3,019,227.84
34,803.00
1.04% Al/A
32,116.19 AA-
3.78
3.36
04/10/2023 910,540.80
4.87% 920,637.42
95.29 914,796.83 0.32% A3/A- 3.79
5.03% 7,397.33 (5,840.59) WR 3.45
01/23/2023 2,030,780.00 100.21 2,004,266.00 0.69% A1/A
4.40% 2,023,477.99 4.69% 18,736.11 (19,211.99) A+
06051GGF0 BANK OF AMERICA CORP 3.824 3,000,000.00
01/20/2028
2,824,349.55
5.54% 2,871,701.67
96.32
5.25%
2,889,465.66
22,625.33
3.81
3.42
1.00% Al/A-
17,763.99 AA-
3.81
2.60
06368LGV2 BANK OF MONTREAL 5.203 2,000,000.00
02/01/2028
08/17/2023 1,972,380.00 100.74 2,014,813.76 0.70% A2/A- 3.84
5.56% 1,976,187.31 4.98% 17,343.33 38,626.45 AA- 3.35
91324PEP3 UNITEDHEALTH GROUP INC 5.25 1,500,000.00
02/15/2028
02/21/2023 1,522,890.00 101.83 1,527,496.76 0.53% A2/A+ 3.88
4.90% 1,517,727.90 4.72% 10,062.50 9,768.85 A 3.39
46647PAF3 JPMORGAN CHASE & CO 3.54 2,000,000.00
05/01/2028
08/16/2023 1,854,340.00
5.75% 1,878,796.23
95.53 1,910,625.78 0.66% A1/A- 4.08
5.12% 29,500.00 31,829.55 AA- 2.83
58933YBH7 MERCK & CO INC 4.05 05/17/2028 3,500,000.00
4.06%
3,497,960.40
3,498,317.46
98.30 3,440,544.38 1.19% A1/A+ 4.13
4.50% 52,762.50 (57,773.08) NA 3.70
06406RBG1 BANK OF NEW YORK MELLON CORP 1,500,000.00 10/26/2023 1,395,930.00 97.02
3.992 06/13/2028 6.16% 1,408,053.13 5.01%
1,455,274.59
17,964.00
0.50% Al/A
47,221.46 AA-
4.20
2.93
02665WEM9 AMERICAN HONDA FINANCE CORP 1,370,000.00
5.125 07/07/2028
10/12/2023 1,343,288.50 101.13 1,385,473.55 0.48% A3/A- 4.27
5.60% 1,345,888.46 4.83% 16,382.92 39,585.09 A 3.76
78016HZS2 ROYAL BANK OF CANADA 5.2 2,500,000.00
08/01/2028
09/07/2023 2,464,100.00 101.00 2,524,893.92 0.87% A1/A 4.34
5.54% 2,468,180.46 4.94% 21,666.67 56,713.47 AA- 3.82
756109BS2 REALTY INCOME CORP 4.7 1,000,000.00
12/15/2028
01/19/2024 994,260.00 98.49 984,912.71 0.34% A3/A- 4.71
4.83% 994,481.51 5.06% 13,838.89 (9,568.80) NA 4.11
91324PEU2
17275RBR2
UNITEDHEALTH GROUP INC4.25
01/15/2029
CISCO SYSTEMS INC 4.85
02/26/2029
1,000,000.00
1,565,000.00
01/23/2024 984,020.00 98.00 979,969.62 0.34% A2/A+ 4.79
4.61% 984,609.25 4.72% 8,972.22 (4,639.63) A 4.25
02/21/2024 1,564,452.25 100.74 1,576,551.95 0.55% A1/AA- 4.91
4.86% 1,564,462.74 4.68% 7,379.41 12,089.21 NA 4.30
36
42
HOLDINGS REPORT
City of Dublin 1 Account #10198 1 As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Cusip Security Description
Par Value/ Purchase Date Cost Value Mkt Price
Units Purchase Yield Book Value Mkt YTM
% Moody's/
Market Valueof Port. Maturity
Accrued Int. Gain/Loss F8ch Duration
Total Corporate
77,620,000.00
3.13%
77,561,211.48
77,220,302.41 5.06% 530,680.48 (2,005,501.12) A+
96.99
75,214,801.29
26.03% A1/A
2.71
2.34
MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y
Total Money
Market Fund
SUPRANATIONAL
459058JB0
4581X0DN5
459058JL8
4581X0DV7
459058KT9
45950KDD9
4581X0DC9
4581X0EN4
Total
Supranational
INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPM
0.625 04/22/2025
INTER-AMERICAN DEVELOPMENT
BANK 0.625 07/15/2025
INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPM
0.5 10/28/2025
INTER-AMERICAN DEVELOPMENT
BANK 0.875 04/20/2026
INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPM
3.5 07/12/2028
INTERNATIONAL FINANCE CORP 4.5
07/13/2028
INTER-AMERICAN DEVELOPMENT
BANK 3.125 09/18/2028
INTER-AMERICAN DEVELOPMENT
BANK 4.125 02/15/2029
813,045.93
813,045.93 1.00 813,045.93
4.91% 813,045.93 4.91% 0.00
813,045.93 4.91%
2,260,000.00
1,685,000.00
6,000,000.00
4,615,000.00
5,000,000.00
1,605,000.00
3,360,000.00
3,000,000.00
27,525,000.00
813,045.93 1.00
813,045.93 4.91%
813,045.93
0.00
0.28% Aaa/
AAAm 0.00
0.00 AAA 0.00
Aaa/
0.28% AAAm 0.00
0.00 AAA 0.00
04/15/2020 2,251,253.80 95.58 2,160,107.05 0.75% Aaa/AAA 1.06
0.70% 2,258,151.13 4.96% 6,248.52 (98,044.08) NA 1.03
01/13/2021 1,692,329.75 94.69 1,595,588.74 0.55% Aaa/AAA 1.29
0.53% 1,687,098.04 4.92% 2,223.26 (91,509.29) NA 1.26
5,986,632.00 93.53 5,612,004.18 1.94% Aaa/AAA 1.58
0.55% 5,995,562.67 4.81% 12,750.00 (383,558.49) NA 1.53
04/13/2021 4,593,863.30 92.58 4,272,757.78 1.48% Aaa/AAA 2.05
0.97% 4,606,330.02 4.71% 18,059.39 (333,572.23) NA 1.99
4,813,059.00 96.64 4,831,811.10 1.67% Aaa/AAA 4.28
4.35% 4,837,019.94 4.37% 38,402.78 (5,208.84) NA 3.89
07/06/2023 1,603,218.45 100.54 1,613,645.35 0.56% Aaa/AAA 4.28
4.53% 1,603,474.91 4.36% 15,648.75 10,170.44 NA 3.83
-- 3,187,150.40 94.96 3,190,807.20 1.10% Aaa/AAA 4.47
4.33% 3,198,829.66 4.38% 3,791.67 (8,022.46) NA 4.10
02/15/2024 2,970,690.00 99.04 2,971,208.67 1.03% Aaa/AAA 4.88
4.34% 2,971,349.56 4.34% 20,968.75 (140.89) NA 4.34
27,098,196.70 95.42 26,247,930.08 9.08% Aaa/AAA 2.98
2.46% 27,157,815.92 4.60% 118,093.12 (909,885.85) NA 2.75
US TREASURY
37
43
HOLDINGS REPORT
City of Dublin I Account #10198 I As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Cusip Security Description
Par Value/ Purchase Date Cost Value Mkt Price
Units Purchase Yield Book Value Mkt YTM
Market Value
Accrued Int.
Moody's/
of Port. Maturity
Gain/Loss S&P Duration
91282CFP1
UNITED STATES TREASURY 4.25
10/15/2025
91282CBC4
UNITED STATES TREASURY 0.375
12/31/2025
91282CBH3
10,000,000.00
1,000,000.00
- - 10,002,724.61
99.18
4.24% 10,001,693.89 4.81%
9,917,578.10
196,243.17
3.43% Aaa/AA+
(84,115.79) AA+
12/29/2020 999,921.88 92.75
0.38% 999,972.66
927,500.00
0.32% Aaa/AA+
1.54
1.45
1.75
4.74% 947.80 (72,472.66) AA+ 1.71
UNITED STATES TREASURY 0.375
01/31/2026
4,000,000.00
02/23/2021 3,960,625.00
0.58% 3,985,360.02
91282CBQ3
UNITED STATES TREASURY 0.5
02/28/2026
91282CBT7
UNITED STATES TREASURY 0.75
03/31/2026
91282CCF6
UNITED STATES TREASURY 0.75
05/31/2026
2,500,000.00
03/26/2021 2,459,960.94
0.83% 2,484,447.82
92.46 3,698,281.24 1.28% Aaa/AA+ 1.84
4.71% 2,513.74 (287,078.78) AA+ 1.79
92.43 2,310,644.52 0.80% Aaa/AA+ 1.91
4.68% 1,086.96 (173,803.30) AA+ 1.87
5,000,000.00
2,000,000.00
-- 4,974,804.69
0.85% 4,989,907.42
92.66 4,632,812.50 1.60% Aaa/AA+ 2.00
4.64% 102.46 (357,094.92) AA+ 1.94
06/ 18/ 2 021 1, 985, 000.00
0.90% 1,993,434.90
92.13 1,842,578.12 0.64% Aaa/AA+ 2.17
4.61% 5,040.98 (150,856.78) AA+ 2.10
91282CCW9
UNITED STATES TREASURY 0.75
08/31/2026
2,000,000.00
08/30/2021 1,998,515.63
0.77% 1,999,283.02
91.41 1,828,203.12 0.63% Aaa/AA+ 2.42
4.54% 1,304.35 (171,079.90) AA+ 2.35
91282CDG3 UNITED STATES TREASURY 1.125 5,000,000.00
10/31/2026
-- 4,970,498.06
1.25% 4,984,442.72
91.84 4,592,187.50 1.59% Aaa/AA+ 2.59
4.51% 23,643.54 (392,255.22) AA+ 2.49
912828Z78 UNITED STATES TREASURY1.5 4,500,000.00
01/31/2027
91282CEN7
91282CEW7
UNITED STATES TREASURY 2.75
04/30/2027
UNITED STATES TREASURY 3.25
06/30/2027
-- 4,367,285.16
2.15% 4,421,485.69
92.22 4,149,843.75 1.44% Aaa/AA+ 2.84
4.45% 11,311.81 (271,641.94) AA+ 2.72
7,000,000.00
9,000,000.00
-- 6,761,484.38
3.55% 6,842,056.99
95.23 6,665,859.34 2.31% Aaa/AA+ 3.08
4.42% 80,913.46 (176,197.65) AA+ 2.88
-- 9,018,066.41
3.22% 9,009,106.54
96.57 8,691,328.08 3.01% Aaa/AA+ 3.25
4.44% 73,928.57 (317,778.46) AA+ 3.02
91282CFM8 UNITED STATES TREASURY 4.125 10,000,000.00
09/30/2027
91282CGC9 UNITED STATES TREASURY 3.875 10,000,000.00
12/31/2027
-- 10,074,062.50 99.22 9,922,265.60 3.43% Aaa/AA+ 3.50
3.95% 10,054,139.67 4.37% 1,127.05 (131,874.07) AA+ 3.16
3.70%
10,078,828.13
10,059,955.58
98.39 9,838,671.90 3.40% Aaa/AA+ 3.75
4.34% 97,939.56 (221,283.68) AA+ 3.42
91282CGT2 UNITED STATES TREASURY 3.625 7,000,000.00
03/31/2028
91282CHE4
UNITED STATES TREASURY 3.625
05/31/2028
91282CHQ7
UNITED STATES TREASURY 4.125
07/31/2028
91282CJA0
UNITED STATES TREASURY 4.625
09/30/2028
4,500,000.00
9,000,000.00
3,750,000.00
-- 7,014,042.96
3.58% 7,011,465.98
97.48 6,823,906.25 2.36% Aaa/AA+ 4.00
4.32% 693.31 (187,559.73) AA+ 3.61
- - 4,412,773.44
4.07% 4,425,801.42
97.46 4,385,917.98 1.52% Aaa/AA+ 4.17
4.29% 54,820.70 (39,883.44) AA+ 3.78
- - 8,848,203.13
4.51% 8,864,804.98
99.38 8,943,750.00 3.09% Aaa/AA+ 4.33
4.28% 62,214.97 78,945.02 AA+ 3.91
- - 3,702,089.84
4.92% 3,706,390.22
101.44 3,804,052.72 1.32% Aaa/AA+ 4.50
4.27% 473.87 97,662.50 AA+ 3.95
91282CJN2 UNITED STATES TREASURY4.375 5,500,000.00
11/30/2028
4.03%
5,584,941.41
5,580,322.89
100.53 5,529,003.92 1.91% Aaa/AA+ 4.67
4.25% 80,865.78 (51,318.97) AA+ 4.13
38
44
HOLDINGS REPORT
City of Dublin 1 Account #10198 1 As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Cusip
Security Description
Par Value/ Purchase Date
Units Purchase Yield
Cost Value Mkt Price
Book Value Mkt YTM
Market Value
Accrued Int.
of Port. Moody's/
Gain/Loss S&P
Fitch
Maturity
Duration
91282CJR3
91282CKD2
UNITED STATES TREASURY 3.75
12/31/2028
Total US Treasury
Total Portfolio
Total Market
Value + Accrued
UNITED STATES TREASURY 4.25
02/28/2029
5,500,000.00
7,000,000.00
114,250,000.00
297,677,405.23
4.00%
5,438,359.38
5,440,705.98
97.87
4.25%
4.25%
3.34%
3.12%
7,001,171.88
7,001,230.06
113,653,359.43
113,856,008.47
296,869,995.13
296,540,276.99
100.13
4.22%
97.15
4.42%
5,382,695.34
52,129.12
7,009,296.84
25,869.57
110,896,376.83
773,170.77
1.86%
(58,010.64)
2.43%
8,066.78
38.37%
(2,959,631.64)
Aaa/AA+
AA+
4.75
4.26
Aaa/AA+
AA+
Aaa/AA+
AA+
4.91
4.38
3.40
3.11
96.73 288,990,048.61 100.00% Aa2/AA- 2.90
4.79% 1,713,119.56 (7,550,228.38) AA 2.50
290,703,168.17
39
45
HOLDINGS REPORT
City of Dublin Reporting Account I Account #10219 I As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Cusip Security Description
Par Value/ Purchase Date Cost Value Mkt Price
Units Purchase Yield Book Value Mkt YTM
Market Value
Accrued Int.
of Port. Moody's/ Maturity
Gain/Loss S&P Duration
CASH
CCYUSD
Total Cash
LAIF
Receivable
274,479.54
274,479.54
90LAIF$00 State Pool 26,800,793.08
26,800,793.08
Total LAIF
274,479.54
0.00% 274,479.54
274,479.54
0.00% 274,479.54
4.27%
4.27%
26,800,793.08
26,800,793.08
26,800,793.08
26,800,793.08
1.00
0.00%
1.00
0.00%
1.00
4.27%
1.00
4.27%
274,479.54
0.00
274,479.54
0.00
26,800,793.08
0.00
26,800,793.08
0.00
0.21% Aaa/AAA
0.00 AAA
0.21% Aaa/AAA
0.00 AAA
20.36% NA/NA
0.00 NA
20.36% NA/NA
0.00 NA
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
LOCAL GOV
INVESTMENT
POOL
90CAMP$00 CAMP 104,531,280.85
Total Local Gov
Investment Pool 104,531,280.85
Total Portfolio 131,606,553.47
Total Market
Value + Accrued
5.48%
5.48%
5.22%
104,531,280.85 1.00
104,531,280.85 5.48%
104,531,280.85 1.00
104,531,280.85 5.48%
131,606,553.47 1.00
131,606,553.47 5.22%
104,531,280.85
0.00
104,531,280.85
0.00
131,606,553.47
0.00
131,606,553.47
79.43% NA/AAAm
0.00 AAA
NA/
79.43% AAAm
0.00 AAA
100.00% Aaa/AAA
0.00 AAA
40
0.00
0.00
0.00
0.00
0.00
0.00
46
Section 5 I Transactions
TRANSACTION LEDGER
City of Dublin 1 Account #10198 1 As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Transaction Type
Settlement CUSIP
Date
Quantity Security Description
Acq/Disp
Price Yield
Amount
Interest
Pur/Sold
Total Amount Gain/Loss
ACQUISITIONS
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Total Purchase
01/17/2024 36268GAD7
01/18/2024 91282CJR3
01/23/2024 756109BS2
01/24/2024 448988AD7
01/25/2024 91324PEU2
01/31/2024 161571HV9
01/31/2024 91282CJR3
02/15/2024 36269FAD8
02/20/2024 4581X0EN4
02/26/2024 17275RBR2
02/27/2024 89238GAD3
03/18/2024 91282CKD2
03/19/2024 47800RAD5
03/20/2024 448973AD9
03/28/2024 91282CKD2
445,000.00 GMCAR 2024-1 A3 4.85
12/18/2028
3,000,000.00 UNITED STATES TREASURY3.75
12/31/2028
1,000,000.00 REALTY INCOME CORP 4.7
12/15/2028
785,000.00 HALST 24A A3 5.02
03/15/2027
1,000,000.00 UNITEDHEALTH GROUP INC 98.402
4.25 01/15/2029
1,910,000.00 CHAIT 241 A 4.6 01/16/2029
2,500,000.00 UNITED STATES TREASURY3.75
12/31/2028
995,000.00 GMALT 2024-1 A3 5.09
03/22/2027
3,000,000.00 INTER -AM E RICAN
DEVELOPMENT BANK 4.125
02/15/2029
1,565,000.00
1,000,000.00
3,000,000.00
550,000.00
1,170,000.00
CISCO SYSTEMS INC 4.85
02/26/2029
TLOT 2024-A A3 5.25
04/20/2027
UNITED STATES TREASURY 4.25
02/28/2029
JDOT 2024 A3 4.96 11/15/2028
HART 2024-A A3 4.99
02/15/2029
4,000,000.00 UNITED STATES TREASURY 4.25
02/28/2029
25,920,000.00
99.980 4.91%
98.785 4.02% 2,963,554.69 (5,563.19) (2,969,117.88)
99.426 4.83%
99.981
444,910.51
0.00 (444,910.51)
994,260.00 (4,961.11) (999,221.11)
784,851.24 0.00 (784,851.24)
984,020.00 (1,180.55) (985,200.55)
99.985 1,909,709.11 0.00 (1,909,709.11)
98.992 3.98% 2,474,804.69 (7,984.20) (2,482,788.89)
99.988 5.15%
994,875.63
0.00 (994,875.63)
99.023 4.34% 2,970,690.00 (6,875.00) (2,977,565.00)
99.965 4.86% 1,564,452.25
99.996
999,957.80
0.00 (1,564,452.25)
0.00 (999,957.80)
99.633 4.33% 2,988,984.38 (6,236.41) (2,995,220.79)
99.994 5.01%
99.978 5.05%
549,969.20
1,169,742.02
0.00 (549,969.20)
0.00 (1,169,742.02)
100.305 4.18% 4,012,187.50 (12,934.78) (4,025,122.28)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25,806,969.02 (45,735.24) (25,852,704.26) 0.00
42
48
TRANSACTION LEDGER
City of Dublin 1 Account #10198 1 As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Transaction Type
Settlement CUSIP
Date
Quantity Security Description
Price
Acq/Disp
Yield
Amount
Interest
Pur/Sold
Total Amount Gain/Loss
TOTAL
ACQUISITIONS
25,920,000.00
DISPOSITIONS
Sale 01/18/2024 91282CDZ1 (1,500,000.00)
Sale 01/22/2024 3133EKWV4 (2,500,000.00)
Sale 01/25/2024 023135BW5
Sale 01/31/2024 91282CED9
Sale 02/09/2024 912828ZL7
Sale 02/16/2024 3130A2UW4
Sale 02/16/2024 912828ZL7
Sale 02/23/2024 912828ZL7
Sale 03/18/2024 3135G0W66
Sale 03/18/2024 91282CFE6
Sale 03/28/2024 91282CAM3
Total Sale
TOTAL
DISPOSITIONS
(1,000,000.00)
(2,000,000.00)
(250,000.00)
(2,000,000.00)
(1,000,000.00)
(1,500,000.00)
(2,000,000.00)
(3,000,000.00)
(2,500,000.00)
(19,250,000.00)
(19,250,000.00)
UNITED STATES TREASURY 1.5
02/15/2025
FEDERAL FARM CREDIT
BANKS FUNDING CORP 1.85
07/26/2024
AMAZON.COM INC 0.45
05/12/2024
UNITED STATES TREASURY 1.75
03/15/2025
UNITED STATES TREASURY
0.375 04/30/2025
FEDERAL HOME LOAN BANKS
2.875 09/13/2024
UNITED STATES TREASURY
0.375 04/30/2025
UNITED STATES TREASURY
0.375 04/30/2025
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
1.625 10/15/2024
UNITED STATES TREASURY
3.125 08/15/2025
UNITED STATES TREASURY 0.25
09/30/2025
25,806,969.02 (45,735.24) (25,852,704.26)
96.586 4.79% (1,448,789.06) (9,538.04)
98.306 5.25% (2,457,650.00) (22,611.11)
0.00
1,458,327.10 (29,378.44)
2,480,261.11 (44,833.43)
98.533 5.46% (985,330.00) (912.50) 986,242.50 (14,526.13)
96.789 4.72% (1,935,781.25) (13,269.23) 1,949,050.48 (58,732.73)
94.863 4.75% (237,158.20) (260.13) 237,418.33 (12,819.78)
98.701 5.19% (1,974,020.00) (24,437.50) 1,998,457.50 (40,223.58)
94.824 4.85% (948,242.19) (1,112.64) 949,354.83 (51,671.10)
94.801 4.95% (1,422,011.72) (1,777.13) 1,423,788.85 (77,860.29)
97.951 5.29% (1,959,020.00) (13,812.50) 1,972,832.50 (39,033.03)
97.574 4.92% (2,927,226.56) (8,241.76)
93.488 4.78% (2,337,207.03) (3,073.77)
2,935,468.32 (24,754.56)
2,340,280.80 (160,172.52)
(18,632,436.01) (99,046.31) 18,731,482.32 (554,005.59)
(18,632,436.01) (99,046.31) 18,731,482.32 (554,005.59)
43
49
IImportant Disclosures
2024 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.
As of March 31, 2024
Information contained herein is confidential. Prices are provided by ICE Data Services Inc ("IDS"), an independent pricing source. In the event IDS does not provide a price or if the price provided is not
reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation
procedures are also disclosed in Item 5 of our Form ADV Part 2A.
Performance results are presented gross -of -advisory fees and represent the client's Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of
dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy
will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies,
contributions or withdrawals may materially alter the performance and results of your portfolio.
Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the
deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.
Source ICE Data Indices, LLC ("ICE"), used with permission. ICE permits use of the ICE indices and related data on an "as is" basis; ICE, its affiliates and their respective third party suppliers disclaim any and
all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included
in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the
index data or any component thereof, and the indices and index data and all components thereof are provided on an "as is" basis and licensee's use it at licensee's own risk. ICE data, its affiliates and their
respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.
This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be
reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to
change. This report may contain forecasts and forward -looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of
future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a
substitute for the exercise of their own judgment.
Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the
borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in
general could decline due to economic conditions, especially during periods of rising interest rates.
Ratings information have been provided by Moody's, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.
Security level ratings for U.S. Agency issued mortgage -backed securities ("MBS") reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and
timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody's and Fitch respectively.
Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does
not have any authority to withdraw or deposit funds from/to the custodian account.
44 CM
50
Benchmark Disclosures
As of March 31, 2024
ICE BofA 1-5 Yr US Treasury & Agency Index*
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying
securities must have an investment grade rating (based on an average of Moody's, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five
years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for
agencies.
The ICE BofA 1-3 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying
securities must have an investment grade rating (based on an average of Moody's, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than three
years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for
agencies.
Attachment 2
TRANSACTION LEDGER
City of Dublin 1 Account #10198 1 As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Transaction Type
Settlement CUSIP
Date
Quantity Security Description
Acq/Disp
Price Yield
Amount
Interest
Pur/Sold
Total Amount Gain/Loss
ACQUISITIONS
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Total Purchase
01/17/2024 36268GAD7
01/18/2024 91282CJR3
01/23/2024 756109BS2
01/24/2024 448988AD7
01/25/2024 91324PEU2
01/31/2024 161571HV9
01/31/2024 91282CJR3
02/15/2024 36269FAD8
02/20/2024 4581X0EN4
02/26/2024 17275RBR2
02/27/2024 89238GAD3
03/18/2024 91282CKD2
03/19/2024 47800RAD5
03/20/2024 448973AD9
03/28/2024 91282CKD2
445,000.00 GMCAR 2024-1 A3 4.85
12/18/2028
3,000,000.00 UNITED STATES TREASURY3.75
12/31/2028
1,000,000.00 REALTY INCOME CORP 4.7
12/15/2028
785,000.00 HALST 24A A3 5.02
03/15/2027
1,000,000.00 UNITEDHEALTH GROUP INC 98.402
4.25 01/15/2029
1,910,000.00 CHAIT 241 A 4.6 01/16/2029
2,500,000.00 UNITED STATES TREASURY3.75
12/31/2028
995,000.00 GMALT 2024-1 A3 5.09
03/22/2027
3,000,000.00 INTER -AM E RICAN
DEVELOPMENT BANK 4.125
02/15/2029
1,565,000.00
1,000,000.00
3,000,000.00
550,000.00
1,170,000.00
CISCO SYSTEMS INC 4.85
02/26/2029
TLOT 2024-A A3 5.25
04/20/2027
UNITED STATES TREASURY 4.25
02/28/2029
J DOT 2024 A3 4.96 11/15/2028
HART 2024-A A3 4.99
02/15/2029
4,000,000.00 UNITED STATES TREASURY 4.25
02/28/2029
25,920,000.00
99.980 4.91%
98.785 4.02% 2,963,554.69 (5,563.19) (2,969,117.88)
99.426 4.83%
99.981
444,910.51
0.00 (444,910.51)
994,260.00 (4,961.11) (999,221.11)
784,851.24 0.00 (784,851.24)
984,020.00 (1,180.55) (985,200.55)
99.985 1,909,709.11 0.00 (1,909,709.11)
98.992 3.98% 2,474,804.69 (7,984.20) (2,482,788.89)
99.988 5.15%
994,875.63
0.00 (994,875.63)
99.023 4.34% 2,970,690.00 (6,875.00) (2,977,565.00)
99.965 4.86% 1,564,452.25
99.996
999,957.80
0.00 (1,564,452.25)
0.00 (999,957.80)
99.633 4.33% 2,988,984.38 (6,236.41) (2,995,220.79)
99.994 5.01%
99.978 5.05%
549,969.20
1,169,742.02
0.00 (549,969.20)
0.00 (1,169,742.02)
100.305 4.18% 4,012,187.50 (12,934.78) (4,025,122.28)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25,806,969.02 (45,735.24) (25,852,704.26) 0.00
42
52
TRANSACTION LEDGER
City of Dublin 1 Account #10198 1 As of March 31, 2024
CAN
CHANDLER
ASSET MANAGEMENT
Transaction Type
Settlement CUSIP
Date
Quantity Security Description
Price
Acq/Disp
Yield
Amount
Interest
Pur/Sold
Total Amount Gain/Loss
TOTAL
ACQUISITIONS
25,920,000.00
DISPOSITIONS
Sale 01/18/2024 91282CDZ1 (1,500,000.00)
Sale 01/22/2024 3133EKWV4 (2,500,000.00)
Sale 01/25/2024 023135BW5
Sale 01/31/2024 91282CED9
Sale 02/09/2024 912828ZL7
Sale 02/16/2024 3130A2UW4
Sale 02/16/2024 912828ZL7
Sale 02/23/2024 912828ZL7
Sale 03/18/2024 3135G0W66
Sale 03/18/2024 91282CFE6
Sale 03/28/2024 91282CAM3
Total Sale
TOTAL
DISPOSITIONS
(1,000,000.00)
(2,000,000.00)
(250,000.00)
(2,000,000.00)
(1,000,000.00)
(1,500,000.00)
(2,000,000.00)
(3,000,000.00)
(2,500,000.00)
(19,250,000.00)
(19,250,000.00)
UNITED STATES TREASURY 1.5
02/15/2025
FEDERAL FARM CREDIT
BANKS FUNDING CORP 1.85
07/26/2024
AMAZON.COM INC 0.45
05/12/2024
UNITED STATES TREASURY 1.75
03/15/2025
UNITED STATES TREASURY
0.375 04/30/2025
FEDERAL HOME LOAN BANKS
2.875 09/13/2024
UNITED STATES TREASURY
0.375 04/30/2025
UNITED STATES TREASURY
0.375 04/30/2025
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
1.625 10/15/2024
UNITED STATES TREASURY
3.125 08/15/2025
UNITED STATES TREASURY 0.25
09/30/2025
25,806,969.02 (45,735.24) (25,852,704.26)
96.586 4.79% (1,448,789.06) (9,538.04)
98.306 5.25% (2,457,650.00) (22,611.11)
0.00
1,458,327.10 (29,378.44)
2,480,261.11 (44,833.43)
98.533 5.46% (985,330.00) (912.50) 986,242.50 (14,526.13)
96.789 4.72% (1,935,781.25) (13,269.23) 1,949,050.48 (58,732.73)
94.863 4.75% (237,158.20) (260.13) 237,418.33 (12,819.78)
98.701 5.19% (1,974,020.00) (24,437.50) 1,998,457.50 (40,223.58)
94.824 4.85% (948,242.19) (1,112.64) 949,354.83 (51,671.10)
94.801 4.95% (1,422,011.72) (1,777.13) 1,423,788.85 (77,860.29)
97.951 5.29% (1,959,020.00) (13,812.50) 1,972,832.50 (39,033.03)
97.574 4.92% (2,927,226.56) (8,241.76)
93.488 4.78% (2,337,207.03) (3,073.77)
2,935,468.32 (24,754.56)
2,340,280.80 (160,172.52)
(18,632,436.01) (99,046.31) 18,731,482.32 (554,005.59)
(18,632,436.01) (99,046.31) 18,731,482.32 (554,005.59)
43
53