HomeMy WebLinkAbout4.6 City Treasurer's Informational Report of Investments for the Quarter Ending September 30, 2022CELEBRATING
STAFF REPORT
CITY COUNCIL
DUBLIN
CALIFORNIA
Agenda Item 4.6
DATE: November 15, 2022
TO: Honorable Mayor and City Councilmembers
FROM: Linda Smith, City Manager
SU B.ECT : City Treasurer's Informational Report of Investments for the Quarter Ending
September 30, 2022
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 September 30, 2022 including a monthly transaction ledger. The City's investment
portfolio for this period totaled $363,439,614 (market value) with an average market yield of
3.66%. As required by the Policy, the City Treasurer (Administrative Services 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
September 30, 2022.
FINANCIAL IMPACT:
There is no financial impact resulting from this report. Investments are made in accordance with
the City 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 $234,031,649 managed by Chandler
Asset Management (Chandler), and $129,407,965 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 4.47% and 2.21%
respectively.
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52
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).
Market volatility has intensified as financial conditions tighten and global central banks pursue
monetary policies to combat persistently high inflation and maintain financial market stability.
Labor markets and consumer balance sheets remain strong; however, inflation is weighing heavily
on consumer sentiment and beginning to impact discretionary spending. Corporate earnings have
generally performed better than expected, but warnings are growing along with wider credit
spreads. While evidence of slower economic conditions has begun to mount, Chandler expects the
Federal Reserve to continue to raise rates until a sustainable improvement in inflationary
conditions has been achieved.
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.
US Treasury
18.2%
Supranational
4.5%
Chart 1: Investments by Type
September 30, 2022 and June 30, 2022
September 30, 2022
ABS
7.6%
Agency
14.7%
Negotiable CD CMO
0.7% 1.1%
Money Market
Fund
0.1%
Local Gov
Investment Pool
21.6%
LAIF
14.0%
Corporate
17.5%
Supranational
5.1%
Negotiable CD
0.7%
Money Market
Fund
0.8%
Local Gov
Investment Pool
23.6%
US Treasury
16.6%
lune 30, 2022
LA!F
13.4%
ABS
7.1%
Agency
15.0%
CMO
Corporate
16.7%
The market value of the City's portfolio decreased by $14,869,240 from the June 30, 2022 quarter.
The quarterly change results from the normal fluctuations in the timing of incoming revenue,
predominantly 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 $35.3 million from the same quarter the prior year due to the excess of revenues over
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53
expenditures trending on an annual basis (see Table 1 below). Overall market yield to maturity
(YTM) has increased to 3.66% over the prior quarter's 2.48% (shown in Table 2). For detailed
monthly transactions, see Attachment 2.
Table 1: Portfolio Values and YTM
Holdings
September 30, 2021
Market
Value
June 30, 2022
Market
Value
September 30, 2022
Par
Value
Book
Value
Market
Value
% of
Subtotal
% of Total
Portfolio
Book
Yield
Market
Yield
Managed by City
LAIF
50,364,764
50,464,181
50,558,661
50,558,661
50,558,661
39.1%
13.4%
1.60%
1.60%
CAMP
43,129,270
89,240,308
78,684,623
78,684,623
78,684,623
60.9%
20.8%
2.61%
2.61%
SUBTOTAL
93,494,034
139,704,489
129,243,283
129,243,283
129,243,283
100.00%
34.2036r
2.21%
2.21%
Accrued Interest
27,810
86,800
164,681
93,521,844
139,791,289
129,407,964
Managed by Chandler
ABS
13,665,558
26,693,153
28,778,391
28,775,854
27,760,436
11.9%
7.6%
1.62%
4.73%
Agency
65,306,279
56,641,842
55,820,000
56,021,008
53,062,995
22.8%
14.8%
1.56%
4.30%
CMO
2,138,464
3,966,300
4,000,000
4,167,896
3,839,610
1.6%
1.1%
1.35%
4.58%
Money Market
809,873
3,039,481
286,323
286,323
286,323
0.1%
0.1%
2.45%
2.45%
Negotiable CD
2,500,588
2,486,275
2,500,000
2,500,005
2,497,243
1.1%
0.7%
0.25%
3.09%
Supranational
22,656,506
19,403,787
18,240,000
18,214,595
16,428,894
7.0%
4.8%
0.67%
4.34%
Corporate
57,831,563
62,892,216
67,775,000
68,097,532
63,373,439
27.2%
17.9%
2.06%
4.85%
US Treasury
68,951,352
62,468,441
71,250,000
70,819,660
65,877,816
28.3%
18.9%
1.75%
4.20%
SUBTOTAL
233,860,181
237,591,496
248,649,714
248,882,873
233,126,756
100.00%
65.80%
1.68%
4.47%
Accrued Interest
746,077
926,068
904,893
234,606,258
238,517,564
234,031,649
TOTAL PORTFOLIO
328,128,102
378,308,853
377,892,997
378,126,157
363,439,614
100.00%
3.66%
Change from Prior Year
35,311,511
Change from Prior Quarter
(14,869,240)
Table 2: Quarterly Holdings (Market Value) by Type, and YTM, 5 Quarters
Holdings (Market Value)
LAI F/CAMP
ABS
Agency
CMO
Money Market
Negotiable CD
Supranational
Corporate
US Treasury
Accrued Interest
TOTAL
YIELD TO MATURITY
9/30/21 12/31/21 3/31/22 6/30/22
93, 494, 034 149,433,475 130,086, 317 139, 704, 489
13,665,558 14,715,444 22,814,841 26,693,153
65, 306, 279 64, 567,126 57, 293, 846 56, 641, 842
2,138,464 2,102, 544 4,052, 552 3,966,300
809,873 287,150 632,736 3,039,481
2,500,588 4,996,560 4,978,673 2,486,275
22, 656, 506 22, 424, 573 19, 609, 525 19, 403, 787
57,831,563 56,130,717 66,644,264 62,892,216
68,951,352 66,952,848 63,976,891 62,468,441
773,887 912,441 816,458 1,012,868
328,128,102 382,522,878 370,906,101 378,308,853
0.44% 0.60% 1.62% 2.48%
9/30/22
129, 243, 283
27, 760, 436
53, 062, 995
3,839,610
286,323
2,497,243
16, 428, 894
63, 373, 439
65, 877, 816
1,069,574
363,439,614
3.66%
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 presents the most recent quarterly portfolio
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54
yields.
Table 3: Quarterly Portfolio Yields, Recent 8 Quarters
Market Yield
LAIF
CAMP
Chandler
9/30/20
0.66%
0.25%
0.30%
12/31/20
0.52%
0.12%
0.27%
3/31/21
0.35%
0.07%
0.46%
6/30/21
0.25%
0.05%
0.49%
9/30/21
0.21%
0.05%
0.56%
12/31/21
0.22%
0.05%
0.91%
3/31/22
0.42%
0.07%
2.38%
6/30/22
0.94%
1.40%
3.20%
9/30/22
1.60%
2.61%
4.47%
STRATEGIC PLAN INITIATIVE:
None.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
The City Council Agenda was posted.
ATTACHMENTS:
1) City of Dublin Investment Report for Period Ending September 30, 2022
2) Transaction Ledger - July through September 2022
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55
Attachment I
INVESTMENT REPORT
City of Dublin
Period Ending September 30, 2022
CMCHANDER
ASSET MANAGEMENT
CHANDLER ASSET MANAGEMENT, INC. 1800.317.4747 I www.chandlerasset.com
56
_ i
ITable of Contents
SECTION 1
SECTION 2
SECTION 3
SECTION 4
SECTION 5
Economic Update
Account Profile
Consolidated Information
Portfolio Holdings
Transactions
As of September 30, 2022
1 CA%
57
Section 1 I Economic Update
Economic Update
• Market volatility has intensified as financial conditions tighten and global central banks pursue monetary policies to combat
persistently high inflation and maintain financial market stability. Labor markets and consumer balance sheets remain
strong; however, inflation is weighing heavily on consumer sentiment and beginning to impact discretionary spending.
Corporate earnings have generally performed better than expected, but warnings are growing along with wider credit
spreads. While evidence of slower economic conditions has begun to mount, we expect the Federal Reserve to continue to
raise rates until a sustainable improvement in inflationary conditions has been achieved. Over the near -term, we expect
financial market volatility to remain intensified and conditions tighter with persistent inflation, geopolitical risk, and the
Fed's hawkish monetary policy.
• At the September meeting, the Federal Open Market Committee (FOMC) delivered the third 75-basis point increase to the
Fed Funds Rate, increasing the range to 3.00% to 3.25%. The FOMC acknowledged spending and production are experiencing
modest growth, offset by a robust labor market and elevated inflation metrics. We expect the Fed to continue to increase
the federal funds rate in the near term until inflationary pressures weaken.
• In September, yields rose significantly across the curve. The 2-year Treasury yield increased 79 basis points to 4.28%, the 5-
year Treasury yield rose 74 basis points to 4.09%, and the 10-year Treasury yield gained 64 basis points to 3.83%. The spread
between the 2-year Treasury yield and 10-year Treasury yield became more inverted at -45 basis points at September
month -end versus -30 basis points at August month -end. The spread was a positive 121 basis points one year ago. The
spread between 3-month and 10-year treasuries widened to 56 basis points in September compared to just 27 basis points
in August. The shape of the curve does not necessarily indicate an imminent recession but bears watching as a better
predictor of recession over the medium -term.
MOM Change In (000's)
Employment
1,400
1,200
1,000
800
600
400
200
0
-200
Nonfarm Payroll (000's)
—Non-farm Payroll (000's)
3 month average (000's)
O O ,l 1 •1 1
Source: US Department of Labor
16.0% —
12.0%
4.0%
0.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
s%, OPc� li o ✓4� i,s % 'c ✓4h, SPp�
O O ,l ,Z 1 1 ,)
Source: US Department of Labor
The U.S. economy added 263,000 jobs in September, surpassing market expectations of 255,000, and gains were revised upward by 11,000for
the prior two months. Trends in employment remain strong, with the three-month moving average payrolls at 372,000 and the six-month
moving average at 360,000. Hiring was widespread, with solid increases in education and health services, leisure and hospitality, and
professional and business services. The unemployment rate fell to 3.5% from 3.7%, as the labor participation rate edged down to 62.3% in
September from 62.4% in August. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and
employed part time for economic reasons dropped to 6.7% from 7.0% last month. Average hourly earnings rose 5.0% year -over -year in
September compared to 5.2% year -over -year in August, a constructive development for the inflation outlook. The strong September labor
report bolsters the case for the Fed to continue raising the federal funds rate.
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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
Pp` ooe /J�dr ✓4•` SPA O�°�, �ar, ✓4).SPp
c)p �p �1 �1 �1 �1 ��
Source: US Department of Labor
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
l4g�0 �oG�O ' 6. �OA 9�g�1 �oG�1 �Pb�� fop gc))
Source: US Department of Commerce
The Consumer Price Index (CPI) increased more than expected in September, up 8.2% year -over -year versus consensus expectations for8.1%,
but down slightly from 8.3% in August. The Core CPI, which excludes volatile food and energy components, jumped to 6.6% year -over -year, up
from 6.3% in August and the highest level since 1982. The report included widespread increases, particularly in food, shelter, and medical care
services. Owners' equivalent rent, which is a major contributor to CPI and tends to lag, was up 6.7% year -over -year. The Personal
Consumption Expenditures (PCE) index rose 6.2% in August, higher than consensus estimates of up 6.0%, but down from a 6.4% increase last
month. Core PCE was up 4.9% year -over -year in August, versus up 4.7% year -over -year in July. Persistently elevated inflation is likely to keep
the Federal Reserve on the path of tightening monetary policy as long as it continues to run well above the Fed's longer -run target of around
2.0%.
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YOY (%) Change
Consumer
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%
0.0%
Retail Sales YOY % Change
nail 1111111111111ll
s)O c)O c)l `'1 `)1 `)1 �s) ` or /4)c) s)c)
140
130
120
au
J 110
x
QJ
c 100
90
80
Consumer Confidence
,)O ,b ,31 �1 c'1 �1 �c �� �,.)
Source: US Department of Commerce Source: The Conference Board
Advance retail sales were flat for the month but up 8.2% year -over -year in September, slowing from August's 9.4% year -over -year gain that
surprised to the upside. Retail sales growth is starting to reflect the headwinds from higher prices as consumers dip into savings and assume
more debt. The Conference Board's Consumer Confidence Index rose for the second month in a row to 108.0 in September, with gains in both
the present situation and future expectations components. The strength was tied directly to the consumer's assessment of the labor market,
which continues to reflect the demand for labor outstripping supply.
6 CA%
62
MOM (%) Change
Economic Activity
1.2%
1.0%
0.8%
0.6%
0.4%
0.2%
0.0%
- 0.2%
-0.4%
- 0.6%
-0.8%
Leading Economic Indicators (LEI)
�4g ti0G
�o �o
Source: The Conference Board
�d` -Toe
c31 c1
0,4
3 Month Average
4.00
3.00
2.00
1.00
0.00
- 1.00
- 2.00
Chicago Fed National Activity Index (CFNAI)
Source: Federal Reserve Bank of Chicago
The Conference Board's Leading Economic Index (LEI) remained in negative territory at -0.3% in August, following a decline to -0.5% in July.
This is the sixth straight month -over -month decline for the index. With the year -over -year index now at -1.0% in August and average
workweek in manufacturing having contracted for four of the last six months, the Conference Board stated that US economic activity is
expected to continue to slow more broadly and is likely to contract. The Chicago Fed National Activity Index (CFNAI) fell to zero in August from
+0.29 in July indicating a moderation in economic growth over the month. On a 3-month moving average basis, the CFNAI increased to 0.01 in
August from -.08 in each of the last two months.
MOM Change (In Thousands of Units)
Housing
2000
1800
1600
1400
1200
1000
800
600
400
200
0
1,6, 4'
i) c'O
Housing Starts
is
ob-,)
1
Source: US Department of Commerce
Multi Family Housing Starts
• Single Family Housing Starts
I�_
4'd` �, �b
,1 c.)1 �1
is
06
YOY( %) Change
24.0%
21.0%
18.0%
15.0%
12.0%
9.0%
6.0%
3.0%
0.0%
S&P/Case-Shiller 20 City Composite Home Price Index
✓4/�O Occ� ✓a�� - ✓�/�1 OCR( ✓a�� 9pr�
O 1 1 1 ,,
Source: S&P
Total housing starts increased 12.2% to an annual rate of 1,575,000 in August, from a revised 1,404,000 units in July. Single-family home starts
increased 3.4% and multi -family homes increased 28% month -over -month. On a year -over -year basis, total housing starts decreased 0.1%
reflecting a shift from single-family units to more affordable multi -family units as homebuyers struggle with a combination of elevated prices
and higher mortgage rates. Mortgage rates for a 30-year fixed-rate loan are higher than they have been since 2007 at 6.7%. According to the
Case-Shiller 20-City Home Price Index, the year -over -year increase receded from 18.7% in June to 16.1% in July, clearly displaying the impact of
higher mortgage rates which have reduced demand for homebuying as affordability has declined.
8 CM
64
66
64
62
60
58
56
54
52
50
48
46
44
42
40
Manufacturing
Institute of Supply Management Purchasing Manager Index
EXPAN DING
CONTRACTING
S
O
OPc�O 2fd�� ✓4 s .
1
Source: Institute for Supply Management
0,0
c)
20.0%
15.0%
-5.0%
-10.0%
Source: Federal Reserve
Industrial Production
The Institute for Supply Management (ISM) manufacturing index plunged nearly two points to 50.9 in September, the lowest since May 2020
and disappointing relative to consensus expectations of 52.0. Readings above 50.0 are indicative of expansion in the manufacturing sector.
New orders declined significantly, reflecting lower demand for goods as consumers shift to spending on services. Total industrial production
declined by -0.2% in August, following a downwardly revised increase of 0.5% in July. Capacity utilization fell to 80.0% in August from 80.2% in
July, a rate that is 0.4 percentage points above its long -run (1972-2021) average.
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Gross Domestic Product (GDP)
Components of GDP
9/21 12/21 3/22 6/22
Personal Consumption Expenditures
2.0% 2.1% 0.9% 1.4%
Gross Private Domestic Investment
1.8% 5.1% 1.0% -2.8%
Net Exports and Imports -1.1% -0.2% -3.1% 1.2%
Federal Government Expenditures -0.5% 0.0% -0.4% -0.2%
State and Local (Consumption and Gross
Investment)
0.5% -0.2% 0.0% -0.1%
40.0%
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
-5.0%
- 10.0%
- 15.0%
- 20.0%
- 25.0%
- 30.0%
- 35.0%
Gross Domestic Product (GDP)
GDP Q0Q % Change
-GDP YOY % Change
. -
Total 2.7% 7.0% -1.6% -0.6% `92, �°c, ✓'1/), �°c, "''). �°c, ✓�''�. �°c, "''/. ��°c, ✓`'/1,
1j dj 1) 1s'79 79 cDO c3p �7 c, j c)
Source: US Department of Commerce
Source: US Department of Commerce
According to the third estimate, U.S. GDP was unrevised at -0.6% annualized in the second quarter. Personal consumption expenditures rose,
primarily due to spending on services. The largest negative contribution was from a drop in gross residential investment as the housing sector
diminished sharply. The second quarter decline followed a first quarter contraction of -1.6%. Although many market participants link two
quarters in a row of negative GDP growth with a recession, an official declaration by the National Bureau of Economic Research is unlikely
given the mosaic of data and the strength of the labor market. The consensus estimate calls for 1.9% growth in the third quarter and 1.7%
growth for the full year 2022.
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66
Federal Reserve
10,000,000
9,000,000
8,000,000
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
Federal Reserve Balance Sheet Assets
O'9 Ot9 O� O� 0 0 O� Ot O� O� 0 0 O_
c0 c1 c1 c1 c1 c1 c1 c1 c1 c1 c1 cc c„
9 O 1 � .�' 9 •S 6 •� 8 9 O
Source: Federal Reserve
3.50%
3.00%
2.50%
2.00%
w
1.50%
1.00%
0.50%
0.00%
Effective Federal Funds Rate
t 'Loy t +o1 tio� 4/o� ik) �'o1 ti0 . t 4/oze
10 11 1� 1� 1Q 1s 16. 1> 1� �1
Source: Bloomberg
At the September meeting, the Federal Open Market Committee (FOMC) delivered the third 75-basis point increase to the Fed Funds Rate,
increasing the range to 3.00% to 3.25%. The FOMC acknowledged spending and production are experiencing modest growth, offset by robust
labor market and elevated inflation metrics. The FOMC remains data dependent to meet its long-term 2% inflation objective. The Fed also
released new economic projections showing a significant slowdown in the economy later in 2022 and 2023. The Fed has reduced its $9 trillion
balance sheet holdings by $87.1 billion since the start of the program and will increase the rate of decrease to $95 billion a month in
September. As inflation metrics begin to moderate, we believe the Federal Reserve will decelerate their pace of tightening, but a material
decline in inflation in the short-term is unlikely.
11 CM
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13
v
Bond Yields
4.5%
4.0%
3.5%
3.0%
2.5%
2.0%
1.5%
1.0%
0.5%
0.0%
•
US Treasury Note Yields
2-Year
5-Year
10-Year
S0�✓S0°�d1. ✓SPA°4�P
c, p �'� Pp
c)O �,7 `1 �,I N1 c)�
c),)
Source: Bloomberg
0
v
4.5%
4.0 %
3.5%
3.0%
2.5%
2.0%
1.5%
1.0%
0.5%
0.0 %
US Treasury Yield Curve
`))/1 �o �1r Syr
Source: Bloomberg
,y~ 10
Sep-22
Jun-22
Sep-21
•loy
At the end of September, the 2-year Treasury yield was 400 basis points higher, and the 10-Year Treasury yield was about 234 basis points
higher, year -over -year. The spread between the 2-year Treasury yield and 10-year Treasury yield became more inverted at -45 basis points at
September month -end versus -30 basis points at August month -end. The average historical spread (since 2003) is about 130 basis points. The
spread between 3-month and 10-year treasuries widened to 56 basis points in September compared to just 27 basis points in August. The
shape of the yield curve does not indicate an imminent recession but bears watching as a better predictor of recession over the medium -term.
12 CM
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Section 2 I Account Profile
Objectives
As of September 30, 2022
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 a
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Compliance
Category
U.S. Treasury Issues
Federal Agencies
Municipal Securities
Supra national Securities
Asset -Backed Securities/Mortgage-
Backed Securities/ Collateralized
Mortgage Obligations
As of September 30, 2022
City of Dublin
Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy.
Standard
No limitations; Full faith and credit of the U.S. are pledged for payment of principal and interest.
35% max per agency issuer; 25% max cal lables for agency securities; Federal Agencies or U.S. Government Sponsored Enterprises
(GSE), participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal
agencies or U.S. GSEs.
"A" rated or higher by a NRSRO; 5% max per issuer; Obligations of the State of California, any of the other 49 states, or any local
agency within the state of California;
"AA" rating category or better by a Nationally Recognized Statistical Rating Organization ("NRSRO"); 30% maximum; 10% max per
issuer; U.S. dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by the
International Bank for Reconstruction and Development ("I BRD"), the International Finance Corporation ("I FC") or the Inter -American
Development Bank ("IADB")
Corporate Medium Term Notes
Negotiable Certificates of Deposit
Time Deposits/ Certificates of Deposit
Commercial Paper
Banker's Acceptances
Money Market Mutual Funds and
Mutual Funds
Local Agency Investment Fund (LAIF)
California Asset Management Program
(CAMP)
Prohibited Securities
Max Per Issuer
Maximum Maturity
"AA" rated or higher by a NRSRO; 20% maximum (combined); 5% max per issuer
"A" rated or higher by a NRSRO; 30% maximum; 5% max per issuer; Issued by corporations organized and operating within the U.S. or
by depository institutions licensed by the U.S. or any state and operating within the U.S.
"A" long-term debt rated and/or "A-1" short-term rated or higher by a NRSRO; 30% maximum; 5% max per issuer; 20% max amount
invested in NCDs with any one financial institution in combination with any other debt from that financial institution; Issued by a
nationally or state -chartered bank, a savings association or a federal association, a state or federal credit union, or by a state-
Iicensed branch of a foreign bank.
10% maximum; Collateralized/FDIC Insured; 1 year max maturity
"A-1" rated or higher by a NRSRO; 25% maximum; 5% max per issuer; 10% max of the outstanding commercial paper of an issuing
corporation; 20% max amount invested in CP of any one issuer in combination with any other debt from that issuer; 270 days max
maturity; Issuer of the commercial paper shall meet all conditions in either A) (1) Organized and operating in the U.S. as a general
corp, (2) Has AUM > $500 million, (3) "A" rated issuer debt (if any) or higher by a NRSRO; or B) (1) Organized in the U.S. as a special
purpose corp, trust, LLC, (2) Has program wide credit enhancements including, but not limited to, over collateral ization, LOC, or surety
bond, (3) "A-1" rated or higher by a NRSRO
"A-1" short-term rated or higher by a NRSRO; 40% maximum; 5% max per issuer; 20% max amount invested in BA with any one
financial institution in combination with any other debt from that financial institution; 180 days max maturity
Highest rating or "AAA" rated by two NRSROs; SEC registered adviser with AUM >$500 million and experience > 5 years; 20% maximum
in Mutual Funds and Money Market Mutual Funds; 20% max in Money Market Mutual Fund; 10% max per one Mutual Fund
Maximum permitted by LAIF; Not used by investment adviser
Issued by joint powers authority organized pursuant to California Government Code; Not used by investment adviser
Inverse floaters; Ranges notes, Mortgage -derived, Interest -only strips; Any investment in a security not specifically listed as an
Authorized and Suitable Investment in the policy.
5% max per issuer, except US Government, its Agencies and instrumentalities (including agency backed -mortgage pools),
Supra national securities, or Money Market Mutual Funds
5 years, unless otherwise stated in the policy
Comment
Complies
Complies
Complies
Complies
Complies
Complies
Complies
Complies
Complies
Complies
Complies
Complies
Complies
Complies
Complies
Complies
15 CM
71
Portfolio Characteristics
City of Dublin
As of September 30, 2022
09/30/22 06/30/22
Benchmark* Portfolio Portfolio
Average Maturity (yrs)
Average Modified Duration
Average Purchase Yield
Average Market Yield
Average Quality**
Total Market Value
2.60
2.48
n/a
4.26%
AAA
2.73
2.39
1.68%
4.47%
AA/Aa1
234,031,649
2.69
2.39
1.57%
3.20%
AA/Aa 1
238,517,564
*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.
16 CM
72
I Sector Distribution
US Treasury
28.3%
Supranational
7.0 %
Negotiable CD
1.1%
Money Market
Fund
0.1%
September 30, 2022
Corporate
27.2%
ABS
11.9%
CMO
1.6%
Agency
22.8%
City of Dublin
US Treasury
26.3%
Supranational
8.2%
Negotiable CD
1.0%
Money Market
Fund
1.3%
June 30, 2022
Corporate
26.5%
As of September 30, 2022
ABS
11.2%
CMO
1.7%
Agency
23.9%
17 CM
73
Issuers
City of Dublin - Account #10198
As of September 30, 2022
Issue Name
Investment Type % Portfolio
Government of United States
Federal National Mortgage Association
Federal Home Loan Bank
Federal Home Loan Mortgage Corp
Inter -American Dev Bank
Intl Bank Recon and Development
Federal Farm Credit Bank
Hyundai Auto Receivables
John Deere ABS
Federal Home Loan Mortgage Corp
JP Morgan Chase & Co
Bank of America Corp
Amazon.com Inc
Honda Motor Corporation
Royal Bank of Canada
Toronto Dominion Holdings
Toyota Lease Owner Trust
Apple Inc
Qualcomm Inc
Morgan Stanley
Metlife Inc
Honda ABS
GM Financial Automobile Leasing Trust
Svenska Handelsbanken NY
US Bancorp
Northwestern Mutual Glbl
Caterpillar Inc
Chubb Corporation
Honeywell Corp
Hyundai Auto Lease Securitization
Toyota Motor Corp
Bank of Montreal Chicago
American Express ABS
Berkshire Hathaway
Wal-Mart Stores
Deere & Company
GM Financial Securitized Term Auto Trust
United Health Group Inc
US Treasury
Agency
Agency
Agency
Supranational
Supranational
Agency
ABS
ABS
CMO
Corporate
Corporate
Corporate
Corporate
Corporate
Corporate
ABS
Corporate
Corporate
Corporate
Corporate
ABS
ABS
Negotiable CD
Corporate
Corporate
Corporate
Corporate
Corporate
ABS
Corporate
Corporate
ABS
Corporate
Corporate
Corporate
ABS
Corporate
28.27%
8.52%
7.33%
4.22%
3.87%
3.17%
2.70%
1.80%
1.67%
1.65%
1.64%
1.51%
1.47%
1.44%
1.42%
1.34%
1.29%
1.26%
1.26%
1.20%
1.17%
1.15%
1.12%
1.07%
1.05%
1.05%
1.05%
1.03%
0.99%
0.97%
0.93%
0.91%
0.91%
0.89%
0.84%
0.83%
0.76%
0.76%
18 CM
74
Issuers
City of Dublin — Account #10198
As of September 30, 2022
Issue Name
Investment Type % Portfolio
Charles Schwab Corp/The
BMW Vehicle Lease Trust
PNC Financial Services Group
Target Corp
Bank of New York
Mercedes-Benz Auto Lease Trust
Dominion Resources Inc
Verizon Master Trust
BMW ABS
Guardian Life Global Funding
Toyota ABS
Salesforce.com Inc
Nissan ABS
First American Govt Oblig Fund
Corporate
ABS
Corporate
Corporate
Corporate
ABS
Corporate
ABS
ABS
Corporate
ABS
Corporate
ABS
Money Market Fund
0.74%
0.61%
0.52%
0.52%
0.51%
0.47%
0.41%
0.39%
0.35%
0.30%
0.22%
0.19%
0.15%
0.12%
TOTAL
100.00%
19 CM
75
Quality Distribution
70.0%
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%
0.0%
1
AAA
City of Dublin
September 30, 2022 vs. June 30, 2022
AA
■ 09/30/22
1
<A
06/30/22
NR
As of September 30, 2022
AAA
AA A <A NR
09/30/22
06/30/22
18.3%
20.4%
59.1%
56.6%
18.8%
19.7%
0.4%
0.4%
3.4%
3.0%
Source: S&P Ratings
20 CM
76
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 1-2
■ City of Dublin
2-3 3-4
As of September 30, 2022
4-5 5+
ICE BofA 1-5 Yr US Treasury & Agency Index
0-0.25 0.25-0.50
0.50-1 1-2
2-3 3-4
4-5 5+
Portfolio
Benchmark*
1.3%
0.0%
0.3%
0.0%
10.0%
1.8%
29.6%
37.2%
29.1%
26.6%
17.2%
20.9%
12.3%
13.5%
0.0%
0.0%
*ICE BofA 1-5 Yr US Treasury & Agency Index
21 CM
77
Investment Performance
2.00%
1.00%
0.00%
-1.00%
- 2.00%
- 3.00%
-4.00%
-5.00%
- 6.00%
- 7.00%
-8.00%
City of Dublin
Total Rate of Return Annualized Since Inception October 31, 2013
12 months 2 years
3 years 5 years
As of September 30, 2022
Em
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 -1.89% -6.32% -3.25% -0.69% 0.62% N/A 0.84%
ICE BofA 1-5 Yr US Treasury & Agency Index* -2.27% -6.78% -3.63% -0.97% 0.39% N/A 0.63%
*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.
22 CM
78
Portfolio Characteristics
City of Dublin Reporting Account
As of September 30, 2022
09/30/22
Portfolio
06/30/22
Portfolio
Average Maturity (yrs) 0.00
Modified Duration 0.00
Average Purchase Yield 2.21%
Average Market Yield 2.21%
Average Quality* AAA/NR
Total Market Value 129,407,964
0.00
0.00
1.23%
1.23%
AAA/N R
139,791,289
*Portfolio is S&P and Moody's, respectively.
23 CM
79
Sector Distribution
City of Dublin Reporting Account
September 30, 2022 June 30, 2022
LAIF
39.2%
Local Gov
Investment Pool
60.8%
Local Gov
Investment Pool
63.8%
As of September 30, 2022
LAIF
36.2%
Issuers
City of Dublin Reporting Account — Account #10219
As of September 30, 2022
Issue Name
Investment Type % Portfolio
CAM P
Local Agency Investment Fund
Local Gov Investment Pool
LAIF
60.80%
39.20%
TOTAL
100.00%
25 CM
81
Section 3 I Consolidated Information
26 a
82
Portfolio Characteristics
City of Dublin Consolidated
As of September 30, 2022
g•
Average Maturity (yrs) 1.76 1.70
Modified Duration 1.54 1.51
Average Purchase Yield 1.86% 1.45%
Average Market Yield 3.66% 2.48%
Average Quality* AA+/Aa1 AA+/Aa1
Total Market Value 363,439,614 378,308,853
* Portfolio is S&P and Moody's respectively.
27 C►"
83
I Sector Distribution
US Treasury
18.2%
Supranational
4.5%
Negotiable CD
0.7%
Money Market
Fund
0.1%
Local Gov
Investment Pool
21.6%
September 30, 2022
LAI F
14.0%
ABS
7.6%
City of Dublin Consolidated
Agency
14.7%
CMO
Corporate
17.5%
Supranational
5.1%
Negotiable CD
0.7%
Money Market
Fund
0.8%
Local Gov
Investment Pool
23.6%
US Treasury
16.6%
June 30, 2022
LAIF
13.4%
As of September 30, 2022
ABS
7.1%
Agency
15.0%
CMO
Corporate
16.7%
28 C►"
84
Section 4 I Portfolio Holdings
Holdings Report
City of Dublin - Account #10198
As of September 30, 2022
CUSIP Security Description
Par Value/Units
Purchase Date Cost Value Mkt Price Market Value % of Port. Moody/S&P Maturity
Book Yield Book Value Mkt YTM Accrued Int. Gain/Loss Fitch Duration
ABS
44891VAC5 Hyundai Auto Lease Trust 2021-B A3
0.330% Due 06/17/2024
65479JAD5 Nissan Auto Receivables Owner 2019-C A3
1.930% Due 07/15/2024
89237VAB5 Toyota Auto Receivables Trust 2020-C A3
0.440% Due 10/15/2024
43813KAC6 Honda Auto Receivables Trust 2020-3A3
0.370% Due 10/18/2024
89239CAC3 Toyota Lease Owner Trust 2021-B A3
0.420% Due 10/21/2024
47787NAC3 John Deere Owner Trust 2020-B A3
0.510% Due 11/15/2024
58769KAD6 Mercedes-Benz Auto Lease Trust 2021-B A3
0.400% Due 11/15/2024
09690AAC7 BMW Vehicle Lease Trust 2021-2 A3
0.330% Due 12/26/2024
44891WAC3 Hyundai Auto Lease Trust 2022-AA3
1.160% Due 01/15/2025
89238LAC4 Toyota Lease Owner Trust 2022-AA3
1.960% Due 02/20/2025
36265MAC9 GM Financial Auto Lease Trust 2022-1 A3
1.900% Due 03/20/2025
05601XAC3 BMW Vehicle Lease Trust 2022-1 A3
1.100% Due 03/25/2025
36266FAC3 GM Financial Auto Lease Trust 2022-2 A3
3.420% Due 06/20/2025
47788UAC6 John Deere Owner Trust 2021-AA3
0.360% Due 09/15/2025
44933LAC7 Hyundai Auto Receivables Trust 2021-AA3
0.380% Due 09/15/2025
44934KAC8 Hyundai Auto Receivables Trust 2021-B A3
0.380% Due 01/15/2026
43815GAC3 Honda Auto Receivables Trust 2021-4A3
0.880% Due 01/21/2026
1,420,000.00 06/08/2021 1,419,787.00
0.34% 1,419,909.46
350,328.13 10/16/2019 350,309.64
1.94% 350,321.14
523,487.59 07/21/2020 523,447.29
0.44% 523,468.11
738,593.19 09/22/2020 738,484.69
0.38% 738,554.05
1,090,000.00 07/27/2021 1,089,985.28
0.40% 1,089,992.22
255,981.63 07/14/2020 255,942.62
0.52% 255,967.19
1,135,000.00 06/22/2021 1,134,914.31
0.40% 1,134,956.60
710,000.00 09/08/2021 709,926.73
0.34% 709,960.32
910,000.00 01/11/2022 909,979.89
1.16% 909,986.17
2,045,000.00 02/23/2022 2,044,678.12
1.98% 2,044,760.21
1,680,000.00 02/15/2022 1,679,985.55
1.91% 1,679,989.59
755,000.00 01/11/2022 754,887.13
1.05% 754,923.29
1,020,000.00 05/03/2022 1,019,893.61
3.45% 1,019,912.60
800,000.00 03/02/2021 799,846.24
0.37% 799,912.89
725,000.00 04/20/2021 724,923.73
0.20% 724,959.43
2,065,000.00 07/20/2021 2,064,544.25
0.39% 2,064,715.41
765,000.00 11/16/2021 764,838.74
0.89% 764,881.06
97.56
4.63%
99.62
3.76%
98.35
4.45%
97.82
4.54%
96.29
4.78%
98.05
4.85%
96.54
4.75%
97.15
4.51%
96.28
4.51%
96.40
4.67%
96.55
4.71%
96.29
4.76%
98.09
4.76%
96.11
4.92%
96.68
4.59%
95.32
4.99%
94.61
4.70%
1,385,380.40
208.27
349,002.14
300.50
514,871.44
102.37
722,502.20
98.68
1,049,562.09
139.88
250,993.83
58.02
1,095,750.57
201.78
689,754.36
39.05
876,141.63
469.16
1,971,384.09
1,224.73
1,622,068.56
975.33
726,963.08
138.42
1,000,540.44
1,065.90
768,848.00
128.00
700,905.35
122.44
1,968,362.13
348.76
723,776.45
187.00
0.59% Aaa / AAA
(34,529.06) NR
0.15% Aaa/AAA
(1,319.00) NR
0.22% Aaa / AAA
(8,596.67) NR
0.31% NR/AAA
(16,051.85) AAA
0.45% Aaa / NR
(40,430.13) AM
0.11% Aaa / NR
(4,973.36) AAA
0.47% NR/AAA
(39,206.03) AAA
0.29% Aaa / NR
(20,205.96) AAA
0.37% Aaa / AAA
(33,844.54) NR
0.84% NR/AAA
(73,376.12) AAA
0.69% Aaa / NR
(57,921.03) AAA
0.31% NR/AAA
(27,960.21) AAA
0.43% NR/AAA
(19,372.16) AAA
0.33% Aaa / NR
(31,064.89) AAA
0.30% NR / AAA
(24,054.08) AAA
0.84% NR/AAA
(96,353.28) AAA
0.31% Aaa / NR
(41,104.61) AAA
1.72
0.57
1.79
0.21
2.04
0.41
2.05
0.52
2.06
0.86
2.13
0.45
2.13
0.80
2.24
0.68
2.30
1.12
2.39
1.35
2.47
1.24
2.48
1.02
2.72
1.46
2.96
0.86
2.96
0.79
3.30
1.02
3.31
1.43
30 CM
86
Holdings Report
City of Dublin - Account #10198
As of September 30, 2022
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port. Moody/S&P Maturity
Gain/Loss Fitch Duration
477890AC4
44935FAD6
43815BAC4
John Deere Owner Trust 2021-B A3
0.520% Due 03/16/2026
Hyundai Auto Receivables Trust 2021-CA3
0.740% Due 05/15/2026
Honda Auto Receivables Trust 2022-1 A3
1.880% Due 05/15/2026
05602RAD3
362554AC1
47787JAC2
448977AD0
380146AC4
362585AC5
47800AAC4
BMW Vehicle Owner Trust 2022-A A3
3.210% Due 08/25/2026
GM Financial Securitized Term 2021-4A3
0.680% Due 09/16/2026
John Deere Owner Trust 2022-AA3
2.320% Due 09/16/2026
Hyundai Auto Receivables Trust 2022-AA3
2.220% Due 10/15/2026
GM Financial Auto Receivables 2022-1 A3
1.260% Due 11/16/2026
GM Financial Securitized ART 2022-2 A3
3.100% Due 02/16/2027
John Deere Owner Trust 2022-B A3
3.740% Due 02/16/2027
965,000.00
545,000.00
1,315,000.00
850,000.00
585,000.00
1,005,000.00
1,080,000.00
500,000.00
780,000.00
1,045,000.00
07/13/2021
0.52%
11/09/2021
0.75%
02/15/2022
1.89%
05/10/2022
3.23%
10/13/2021
0.66%
03/10/2022
2.34%
03/09/2022
2.23%
01/11/2022
1.23%
04/05/2022
3.13%
07/12/2022
3.77%
964,913.92
964,942.14
544,878.36
544,911.85
1,314,802.22
1,314,839.19
849,955.80
849,961.10
584,985.08
584,989.22
1,004,777.69
1,004,812.28
1,079,958.42
1,079,965.39
499,956.55
499,965.68
779,836.98
779,859.25
1,044,900.20
1,044,905.78
94.50
4.71%
94.36
4.93%
95.03
4.81%
97.34
4.81%
94.24
5.04%
95.59
5.00%
95.93
4.62%
95.13
4.79%
96.93
4.92%
97.65
4.86%
911,950.09
223.02
514,284.35
179.24
1,249,652.39
1,098.76
827,404.45
454.75
551,311.61
165.75
960,727.74
1,036.27
1,036,028.88
1,065.60
475,668.51
262.50
756,064.14
1,007.50
1,020,487.44
1,737.02
0.39%
(52,992.05)
0.22%
(30,627.50)
0.53%
(65,186.80)
0.35%
(22,556.65)
0.24%
(33,677.61)
0.41%
(44,084.54)
0.44%
(43,936.51)
0.20%
(24,297.17)
0.32%
(23,795.11)
0.44%
(24,418.34)
Aaa / NR
AAA
NR / MA
AM
Aaa / AAA
NR
Aaa / AAA
NR
Aaa / AAA
NR
Aaa / NR
AM
NR / MA
AM
NR / MA
AM
Aaa / AAA
NR
Aaa / NR
AAA
3.46
1.33
3.62
1.37
3.62
1.73
3.90
1.70
3.96
1.34
3.96
1.67
4.04
1.72
4.13
1.40
4.38
1.72
4.38
2.16
02582JJT8 American Express Credit Trust 2022-2 A
3.390% Due 05/17/2027
92348KAV5 Verizon Master Trust 2022-5 A1A
3.720% Due 07/20/2027
TOTAL ABS
Agency
313383QR5
3137EAEN5
3135G05G4
FHLB Note
3.250% Due 06/09/2023
FHLMC Note
2.750% Due 06/19/2023
FNMA Note
0.250% Due 07/10/2023
2,205,000.00
915,000.00
28,778,390.54
1,500,000.00
2,000,000.00
2,350,000.00
05/17/2022
3.42%
08/02/2022
3.75%
1.62%
2,204,512.25
2,204,570.58
914,959.74
914,961.77
28,774,812.03
28,775,853.97
96.77 2,133,778.50 0.91%
4.75% 3,322.20 (70,792.08)
99.05 906,270.90 0.39%
4.51% 1,040.05 (8,690.87)
27,760,435.76 11.87%
4.73% 17,400.95 (1,015,418.21)
NR/AAA
AM
NR / MA
AAA
Aaa / AAA
Aaa
08/28/2018 1,525,005.00
2.87% 1,503,596.71
07/16/2018 1,988, 360.00
2.88% 1,998,310.32
07/08/2020 2,344,947.50
0.32% 2,348,698.81
99.38 1,490,719.50 0.64% Aaa / AA+
4.16% 15,166.67 (12,877.21) NR
98.93 1,978,596.00 0.85% Aaa / AA+
4.27% 15,583.33 (19,714.32) AAA
97.13 2,282,498.60 0.98% Aaa /AA+
4.04% 1,321.88 (66,200.21) AAA
4.63
2.44
4.81
1.79
3.15
1.32
0.69
0.67
0.72
0.70
0.78
0.76
31 CM
87
Holdings Report
City of Dublin - Account #10198
As of September 30, 2022
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port. Moody/S&P Maturity
Gain/Loss Fitch Duration
3133EKZK5
FFCB Note
1.600% Due 08/14/2023
4,000,000.00
08/26/2019
1.54%
4,009,000.00
4,001,970.30
97.68
4.33%
3,907,328.00
8,355.56
1.67% Aaa/AA+
(94,642.30) AAA
0.87
0.85
313383YJ4 FHLB Note
3.375% Due 09/08/2023
3130A0F70 FHLB Note
3.375% Due 12/08/2023
3135G0V34
3130A1XJ2
3133EKWV4
FNMA Note
2.500% Due 02/05/2024
FHLB Note
2.875% Due 06/14/2024
FFCB Note
1.850% Due 07/26/2024
5,000,000.00
5,000,000.00
2,000,000.00
3,795,000.00
2,500,000.00
3130A2UW4
3135G0W66
3135G0X24
3137EAEPO
3135G03U5
3135G04Z3
3137EAEU9
3135G05X7
3137EAEX3
3135G06G3
FHLB Note
2.875% Due 09/13/2024
FNMA Note
1.625% Due 10/15/2024
FNMA Note
1.625% Due 01/07/2025
FHLMC Note
1.500% Due 02/12/2025
FNMA Note
0.625% Due 04/22/2025
FNMA Note
0.500% Due 06/17/2025
FHLMC Note
0.375% Due 07/21/2025
FNMA Note
0.375% Due 08/25/2025
FHLMC Note
0.375% Due 09/23/2025
FNMA Note
0.500% Due 11/07/2025
2,000,000.00
2,000,000.00
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
Various
2.90%
Various
2.73%
02/27/2019
2.58%
Various
1.96%
08/13/2019
1.65%
10/10/2019
1.58%
11/08/2019
1.80%
Various
1.18%
Various
1.23%
04/22/2020
0.67%
06/17/2020
0.54%
07/21/2020
0.48%
08/25/2020
0.47%
09/23/2020
0.44%
11/09/2020
0.57%
TOTAL Agency 55,820,000.00 1.56%
5,102,615.00
5,020,452.36
5,147,870.00
5,035,645.22
1,992,340.00
1,997,909.75
3,958,639.85
3,850,833.29
2,524,140.00
2,508,865.58
2,122,020.00
2,048,360.34
1,983,400.00
1,993,125.63
4,287,898.80
4,241,262.02
4,254,786.30
4,226,264.29
1,821,240.50
1,823,074.91
3,427,889.55
3,431,140.71
1,736,309.90
1,740,121.35
2,742,106.60
2,747,514.19
2,647,008.45
2,650,233.11
2,849,761.20
2,853,629.57
56,465,338.65
56,021,008.46
99.10
4.36%
98.80
4.42%
97.59
4.36%
97.52
4.40%
95.59
4.40%
97.26
4.35%
94.91
4.25%
94.36
4.26%
93.94
4.22%
91.14
4.32%
90.39
4.29%
89.73
4.30%
89.43
4.29%
89.25
4.25%
89.07
4.30%
4.30%
4,955,135.00
10,781.25
4,939,765.00
52,968.75
1,951,882.00
7,777.78
3,700,713.23
32,428.80
2,389,677.50
8,350.69
1,945,150.00
2,875.00
1,898,244.00
14,986.11
3,963,023.40
15,925.00
3,945,324.61
8,575.00
1,663,315.95
5,037.76
3,105,044.21
4,961.67
1,565,776.29
1,272.40
2,463,785.48
1,033.13
2,369,643.26
221.25
2,547,373.40
5,720.00
53,062,995.43
213,342.03
2.12%
(65,317.36)
2.13%
(95,880.22)
0.84%
(46,027.75)
1.60%
(150,120.06)
1.02%
(119,188.08)
0.83%
(103,210.34)
0.82%
(94,881.63)
1.70%
(278,238.62)
1.69%
(280,939.68)
0.71%
(159,758.96)
1.33%
(326,096.50)
0.67%
(174,345.06)
1.05%
(283,728.71)
1.01%
(280,589.85)
1.09%
(306,256.17)
22.76%
(2,958,013.03)
Aaa / AA+
NR
Aaa / AA+
AAA
Aaa / AA+
AAA
Aaa / AA+
NR
Aaa / AA+
AAA
Aaa / AA+
AAA
Aaa / AA+
AAA
Aaa / AA+
AAA
Aaa / AA+
AAA
Aaa / AA+
AAA
Aaa / AA+
AAA
Aaa / AA+
AAA
Aaa / AA+
AAA
Aaa / AA+
AAA
Aaa / AA+
AM
Aaa / AA+
Aaa
0.94
0.91
1.19
1.14
1.35
1.30
1.71
1.63
1.82
1.76
1.96
1.87
2.04
1.96
2.27
2.18
2.37
2.28
2.56
2.48
2.72
2.64
2.81
2.73
2.90
2.83
2.98
2.90
3.11
3.01
1.82
1.76
32 CM
88
Holdings Report
City of Dublin - Account #10198
As of September 30, 2022
CUSIP Security Description
Par Value/Units
Purchase Date Cost Value Mkt Price Market Value % of Port. Moody/S&P Maturity
Book Yield Book Value Mkt YTM Accrued Int. Gain/Loss Fitch Duration
CMO
3137BFE98 FHLMC K041 A2
3.171% Due 10/25/2024
3137BSRE5 FHLMC K059 A2
3.120% Due 09/25/2026
TOTAL CMO
2,000,000.00 07/01/2021 2,151,406.25
0.72% 2,093,636.18
2,000,000.00 02/18/2022 2,085,625.00
1.98% 2,074,260.23
97.23
4.58%
94.75
4.58%
1,944,576.00
5,285.00
1,895,034.00
5,200.00
0.83%
(149,060.18)
0.81%
(179,226.23)
Aaa / AAA
AAA
NR/AAA
AAA
2.07
1.87
3.99
3.57
4,000,000.00 1.35%
4,237,031.25
4,167,896.41
4.58%
3,839,610.00
10,485.00
1.65% Aaa / AAA 3.02
(328,286.41) Aaa 2.71
Corporate
69353RFL7 PNC Bank Callable Note Cont 5/9/2023 1,210,000.00 Various 1,208,333.27 99.43 1,203,100.58 0.52% A2 / A 0.69
3.500% Due 06/08/2023 3.53% 1,209,771.40 4.34% 13,293.20 (6,670.82) A+ 0.67
06406RAJ6 Bank of NY Mellon Corp Note 1,200,000.00 08/24/2018 1,201,836.00 99.24 1,190,824.80 0.51% Al / A 0.86
3.450% Due 08/11/2023 3.42% 1,200,318.69 4.36% 5,750.00 (9,493.89) AA- 0.84
06051GHF9 Bank of America Corp Callable Note 1X 3/5/2023 2,400,000.00 Various 2,434,650.00 99.22 2,381,265.60 1.02% A2 / A- 1.43
3.550% Due 03/05/2024 3.15% 2,403,758.90 4.90% 6,153.33 (22,493.30) AA- 1.36
89114QCB2 Toronto Dominion Bank Note 2,300,000.00 03/26/2019 2,331,234.00 97.56 2,243,765.00 0.96% Al / A 1.45
3.250% Due 03/11/2024 2.95% 2,309,094.10 5.02% 4,152.78 (65,329.10) AA- 1.39
037833CU2 Apple Inc Callable Note Cont 3/11/2024 3,000,000.00 Various 3,038,334.00 97.56 2,926,743.00 1.26% Aaa / AA+ 1.61
2.850% Due 05/11/2024 2.56% 3,011,937.17 4.43% 33,250.00 (85,194.17) NR 1.54
023135BW5 Amazon.com Inc Note 1,865,000.00 05/10/2021 1,862,277.10 93.77 1,748,717.25 0.75% Al / AA 1.62
0.450% Due 05/12/2024 0.50% 1,863,536.69 4.49% 3,240.44 (114,819.44) AA- 1.57
24422ETT6 John Deere Capital Corp Note 2,000,000.00 Various 2,093,680.00 96.77 1,935,400.00 0.83% A2 / A 1.73
2.650% Due 06/24/2024 1.32% 2,044,750.27 4.61% 14,280.56 (109,350.27) A 1.66
02665WCZ2 American Honda Finance Note 1,500,000.00 07/10/2019 1,493,742.00 96.07 1,441,062.00 0.62% A3 / A- 1.74
2.400% Due 06/27/2024 2.49% 1,497,806.94 4.78% 9,400.00 (56,744.94) A 1.67
79466LAG9 Salesforce.com Inc Callable Note Cont 7/15/2022 465,000.00 06/29/2021 464,762.85 93.24 433,543.68 0.19% A2 / A+ 1.79
0.625% Due 07/15/2024 0.64% 464,859.09 4.60% 613.54 (31,315.41) NR 1.74
78013XZU5 Royal Bank of Canada Note 2,500,000.00 09/10/2019 2,531,325.00 95.92 2,397,910.00 1.03% Al / A 1.79
2.550% Due 07/16/2024 2.28% 2,511,580.86 4.95% 13,281.25 (113,670.86) AA- 1.71
46647PAU0 JP Morgan Chase & Co Callable Note 1X 7/23/2023 2,500,000.00 09/12/2019 2,632,175.00 98.64 2,466,117.50 1.06% Al / A- 1.81
3.797% Due 07/23/2024 2.35% 2,527,732.31 5.01% 17,930.28 (61,614.81) AA- 1.71
02665WEA5 American Honda Finance Note 1,075,000.00 01/11/2022 1,074,150.75 92.81 997,680.63 0.43% A3/A- 2.29
1.500% Due 01/13/2025 1.53% 1,074,352.99 4.86% 3,493.75 (76,672.36) A 2.19
90331HPL1 US Bank NA Callable Note Cont 12/21/2024 2,610,000.00 01/16/2020 2,604,440.70 94.06 2,455,007.76 1.05% Al / AA- 2.31
2.050% Due 01/21/2025 2.10% 2,607,434.87 4.80% 10,403.75 (152,427.11) AA- 2.20
33 CM
89
Holdings Report
City of Dublin - Account #10198
As of September 30, 2022
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port. Moody/S&P Maturity
Gain/Loss Fitch Duration
00440EAS6
14913R2V8
747525AF0
61747YEA9
438516CB0
78015K7H1
Chubb INA Holdings Inc Note
3.150% Due 03/15/2025
Caterpillar Financial Service Note
3.400% Due 05/13/2025
Qualcomm Inc Callable Note Cont 2/20/2025
3.450% Due 05/20/2025
Morgan Stanley Callable Note Cont 5/30/2024
0.790% Due 05/30/2025
Honeywell Intl Callable Note Cont 5/1/2025
1.350% Due 06/01/2025
Royal Bank of Canada Note
1.150% Due 06/10/2025
66815L2J7
02665WDL2
89114QCK2
06051GHY8
46647PBH8
808513BR5
91324PEC2
89236TJK2
58989V2D5
06368FAC3
Northwestern Mutual Gib! Note
4.000% Due 07/01/2025
American Honda Finance Note
1.200% Due 07/08/2025
Toronto Dominion Bank Note
0.750% Due 09/11/2025
Bank of America Corp Callable Note Cont 2/13/2025
2.015% Due 02/13/2026
JP Morgan Chase & Co Callable Note Mthly 3/13/2025
2.005% Due 03/13/2026
Charles Schwab Corp Callable Note Cont 4/13/2026
1.150% Due 05/13/2026
United Health Group Inc Callable Note Cont 4/15/2026
1.150% Due 05/15/2026
Toyota Motor Credit Corp Note
1.125% Due 06/18/2026
Met Tower Global Funding Note
1.250% Due 09/14/2026
Bank of Montreal Note
1.250% Due 09/15/2026
2,500,000.00
1,165,000.00
3,000,000.00
3,040,000.00
2,500,000.00
1,000,000.00
2,500,000.00
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
Various
0.76%
05/10/2022
3.44%
Various
1.78%
05/26/2021
0.77%
06/23/2020
0.85%
02/22/2021
0.86%
06/27/2022
4.01%
08/10/2021
1.00%
02/16/2021
0.81%
03/04/2021
1.14%
04/29/2021
1.20%
05/11/2021
1.20%
Various
1.90%
06/15/2021
1.13%
09/07/2021
1.27%
Various
1.29%
2,753,600.00
2,643,973.11
1,163,520.45
1,163,710.79
3,159,848.58
3,127,302.37
3,041,611.70
3,040,894.24
2,559,500.00
2,531,681.82
1,012,240.00
1,007,678.32
2,499,150.00
2,499,221.35
1,007,640.00
1,005,416.58
997,230.00
998,210.97
1,291,725.00
1,275,127.85
1,030,270.00
1,019,151.72
1,366,821.60
1,367,702.36
1,939,210.15
1,947,673.81
2,483,906.60
2,484,188.03
1,283,817.80
1,284,065.12
2,495,539.50
2,496,470.20
95.95
4.92%
96.71
4.75%
96.81
4.75%
92.06
5.01%
92.05
4.54%
90.25
5.07%
97.42
5.01%
90.49
4.91%
88.18
5.12%
91.68
5.41%
91.59
5.43%
87.51
4.96%
88.53
4.62%
87.51
4.84%
86.05
5.20%
85.53
5.35%
2,398,747.50
3,500.00
1,126,726.25
15,183.83
2,904,267.00
37,662.50
2,798,703.04
8,072.05
2,301,282.50
11,250.00
902,515.00
3,545.83
2,435,407.50
25,000.00
904,930.00
2,766.67
881,825.00
416.67
1,146,005.00
3,358.33
915,919.00
1,002.50
1,198,906.18
6,039.42
1,770,628.00
8,688.89
2,174,583.74
7,998.59
1,105,687.25
758.51
2,138,342.50
1,388.89
1.03%
(245,225.61)
0.49%
(36,984.54)
1.26%
(223,035.37)
1.20%
(242,191.20)
0.99%
(230,399.32)
0.39%
(105,163.32)
1.05%
(63,813.85)
0.39%
(100,486.58)
0.38%
(116,385.97)
0.49%
(129,122.85)
0.39%
(103,232.72)
0.51%
(168,796.18)
0.76%
(177,045.81)
0.93%
(309,604.29)
0.47%
(178,377.87)
0.91%
(358,127.70)
A3 / A
A
A2 / A
A
A2 / A
NR
Al/A-
A
A2 / A
A
Al/A
AA-
Aaa / AA+
AAA
A3 / A-
A
Al/A
AA-
A2/A-
AA-
A1/A-
AA-
A2 / A
A
A3 / A+
A
Al/A+
A+
Aa3 / AA-
AA-
A2 /A-
AA-
2.46
2.32
2.62
2.44
2.64
2.45
2.67
2.56
2.67
2.56
2.70
2.58
2.75
2.54
2.77
2.66
2.95
2.84
3.38
3.17
3.45
3.25
3.62
3.45
3.62
3.46
3.72
3.55
3.96
3.76
3.96
3.76
34 CM
90
Holdings Report
City of Dublin - Account #10198
As of September 30, 2022
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port. Moody/S&P Maturity
Gain/Loss Fitch Duration
931142ER0
59217GER6
87612EBM7
Wal-Mart Stores Callable Note Cont 08/17/2026
1.050% Due 09/17/2026
Metlife Note
1.875% Due 01/11/2027
Target Corp Callable Note Cont 12/15/2026
1.950% Due 01/15/2027
808513BY0
084664CZ2
40139LBF9
023135CF1
46647PCB0
927804GH1
Charles Schwab Corp Callable Note Cont 2/3/2027
2.450% Due 03/03/2027
Berkshire Hathaway Callable Note Cont 2/15/2027
2.300% Due 03/15/2027
Guardian Life Glob Fun Note
3.246% Due 03/29/2027
Amazon.com Inc Callable Note Cont 3/13/2027
3.300% Due 04/13/2027
JP Morgan Chase & Co Callable Note Cont 4/22/2026
1.578% Due 04/22/2027
Virginia Electric Power Corp Callable Note Cont.
4/15/2027
3.750% Due 05/15/2027
585,000.00
1,860,000.00
1,340,000.00
585,000.00
2,295,000.00
765,000.00
1,750,000.00
500,000.00
1,000,000.00
09/08/2021
1.09%
01/03/2022
1.90%
01/19/2022
1.99%
03/01/2022
2.47%
03/07/2022
2.30%
03/24/2022
3.25%
04/25/2022
3.34%
08/23/2022
4.45%
Various
3.75%
583,894.35
584,123.84
1,857,879.60
1,858,185.00
1,337,722.00
1,338,035.43
584,368.20
584,441.55
2,294,563.95
2,294,611.71
765,000.00
765,000.00
1,746,972.50
1,747,234.82
449,845.00
450,935.97
999,773.40
999,786.70
87.29
4.59%
87.50
5.17%
89.69
4.62%
89.78
5.06%
91.05
4.54%
92.98
5.01%
94.43
4.68%
86.40
5.46%
94.44
5.11%
510,652.35
238.88
1,627,462.80
7,750.00
1,201,887.54
5,516.33
525,214.17
1,114.75
2,089,659.47
2,346.00
711,290.88
137.96
1,652,472.50
26,950.00
432,020.50
3,484.75
944,419.00
12,604.17
0.22%
(73,471.49)
0.70%
(230,722.20)
0.52%
(136,147.89)
0.22%
(59,227.38)
0.89%
(204,952.24)
0.30%
(53,709.12)
0.72%
(94,762.32)
0.19%
(18,915.47)
0.41%
(55,367.70)
Aa2 / AA
AA
Aa3 / AA-
AA-
A2 / A
A
A2 / A
A
Aa2/AA
A+
Aa1 / AA+
NR
Al/AA
AA-
A1/A-
AA-
A2 / BBB+
A
3.97
3.80
4.28
4.00
4.30
4.02
4.42
4.09
4.46
4.15
4.50
4.10
4.54
4.08
4.56
4.25
4.62
4.12
14913R3A3 Caterpillar Financial Service Note
3.600% Due 08/12/2027
931142EX7 Wal-Mart Stores Callable Note Cont 09/09/2027
3.950% Due 09/09/2027
TOTAL Corporate
Money Market Fund
31846V203 First American Govt Obligation Fund Class Y
1,375,000.00
1,500,000.00
67,775,000.00
286,323.37
TOTAL Money Market Fund 286,323.37
Various 1,357,243.75
3.89% 1,357,450.99
Various 1,498,302.30
3.98% 1,498,322.76
68,532,137.10
2.06% 68,097,531.69
94.46 1,298,822.25 0.56%
4.89% 6,737.50 (58,628.74)
96.93 1,453, 924.51 0.62%
4.65% 3,620.83 (44,398.25)
63,373,439.23 27.23%
4.85% 342,376.73 (4,724,092.46)
A2 / A
A
Aa2/AA
AA
Al / A+
A+
4.87
4.37
4.95
4.42
2.82
2.65
Various
2.45%
2.45%
286,323.37
286,323.37
286,323.37
286,323.37
1.00
2.45%
2.45%
286,323.37
0.00
286,323.37
0.00
0.12% Aaa / AAA
0.00 AAA
0.12% Aaa / AAA
0.00 Aaa
0.00
0.00
0.00
0.00
35 CM
91
Holdings Report
City of Dublin - Account #10198
As of September 30, 2022
Security Description Par Value/Units
Purchase Date Cost Value Mkt Price Market Value % of Port. Moody/S&P Maturity
Book Yield Book Value Mkt YTM Accrued Int. Gain/Loss Fitch Duration
Negotiable CD
86959RTW0 Svenska Handelsbanken NY Yankee CD
0.255% Due 10/14/2022
2, 500, 000.00 10/15/2021 2,500,126.08
0.25% 2,500,004.50
TOTAL Negotiable CD
99.89
3.09%
2,497,242.50
6,215.63
1.07% P-1 / A-1+
(2,762.00) F-1+
0.04
0.04
2,500,000.00 0.25%
2,500,126.08
2,500,004.50
3.09%
2,497,242.50
6,215.63
1.07% Aaa / AAA 0.04
(2,762.00) Aaa 0.04
Supranational
4581X0DZ8 Inter -American Dev Bank Note 3,680,000.00 09/15/2021 3,677,276.80 92.88 3,418,131.20 1.46% Aaa / AAA 1.98
0.500% Due 09/23/2024 0.52% 3,678,203.58 4.29% 408.89 (260,072.38) NR 1.93
459058JB0 Intl. Bank Recon & Development Note 2,260,000.00 04/15/2020 2,251,253.80 91.04 2,057,540.16 0.88% Aaa / AAA 2.56
0.625% Due 04/22/2025 0.70% 2,255,526.31 4.36% 6,238.54 (197,986.15) NR 2.48
4581X0DN5 Inter -American Dev Bank Note 1,685,000.00 01/13/2021 1,692,329.75 90.23 1,520,335.06 0.65% Aaa / AAA 2.79
0.625% Due 07/15/2025 0.53% 1,689,544.27 4.38% 2,223.26 (169,209.21) NR 2.71
459058JL8 Intl. Bank Recon & Development Note 6,000,000.00 Various 5,986,632.00 88.98 5,338,506.00 2.29% Aaa / AAA 3.08
0.500% Due 10/28/2025 0.55% 5,991,333.70 4.37% 12,750.00 (652,827.70) AAA 2.98
4581X0DV7 Inter -American Dev Bank Note 4,615,000.00 04/13/2021 4,593,863.30 88.72 4,094,381.85 1.76% Aaa / AAA 3.56
0.875% Due 04/20/2026 0.97% 4,599,986.69 4.33% 18,059.39 (505,604.84) AAA 3.42
18,201,355.65 16,428,894.27 7.04% Aaa / AAA 2.88
TOTAL Supranational 18,240,000.00 0.67% 18,214,594.55 4.34% 39,680.08 (1,785,700.28) Aaa 2.78
US Treasury
912828V80 US Treasury Note 5,000,000.00 Various 4,983,691.41 97.36 4,867,775.00 2.09% Aaa / AA+ 1.34
2.250% Due 01/31/2024 2.32% 4,995,483.53 4.31% 18,953.80 (127,708.53) AAA 1.29
912828WJ5 US Treasury Note 1,750,000.00 06/10/2019 1,798,261.72 97.16 1,700,233.50 0.73% Aaa /AA+ 1.62
2.500% Due 05/15/2024 1.91% 1,765,872.74 4.33% 16,525.14 (65,639.24) AAA 1.55
9128282N9 US Treasury Note 2,000,000.00 08/30/2019 2,064,531.25 96.23 1,924,610.00 0.83% Aaa /AA+ 1.84
2.125% Due 07/31/2024 1.44% 2,024,024.15 4.28% 7,160.33 (99,414.15) AAA 1.76
912828YH7 US Treasury Note 3,500,000.00 Various 3,474,941.41 94.83 3,318,983.50 1.42% Aaa /AA+ 2.00
1.500% Due 09/30/2024 1.65% 3,489,668.77 4.22% 144.23 (170,685.27) AAA 1.94
9128283J7 US Treasury Note 3,000,000.00 Various 3,051,650.40 95.62 2,868,516.00 1.23% Aaa /AA+ 2.17
2.125% Due 11/30/2024 1.76% 3,022,556.60 4.26% 21,424.19 (154,040.60) AAA 2.07
91282CDZ1 US Treasury Note 2,000,000.00 05/06/2022 1,925,156.25 93.75 1,875,000.00 0.80% Aaa /AA+ 2.38
1.500% Due 02/15/2025 2.92% 1,935,869.32 4.30% 3,831.52 (60,869.32) AAA 2.29
912828ZC7 US Treasury Note 3,500,000.00 03/24/2020 3,603,222.66 92.89 3,251,307.50 1.39% Aaa /AA+ 2.42
1.125% Due 02/28/2025 0.52% 3,550,493.71 4.25% 3,371.89 (299,186.21) AAA 2.34
36 CM
92
Holdings Report
City of Dublin - Account #10198
As of September 30, 2022
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port. Moody/S&P Maturity
Gain/Loss Fitch Duration
91282CED9
912828ZL7
91282CFE6
91282CAM3
91282CBC4
91282CBH3
US Treasury Note
1.750% Due 03/15/2025
US Treasury Note
0.375% Due 04/30/2025
US Treasury Note
3.125% Due 08/15/2025
US Treasury Note
0.250% Due 09/30/2025
US Treasury Note
0.375% Due 12/31/2025
US Treasury Note
0.375% Due 01/31/2026
91282CBQ3
91282CBT7
91282CCF6
US Treasury Note
0.500% Due 02/28/2026
US Treasury Note
0.750% Due 03/31/2026
US Treasury Note
0.750% Due 05/31/2026
91282CCW9
91282CDG3
912828Z78
91282CEN7
91282CEW7
US Treasury Note
0.750% Due 08/31/2026
US Treasury Note
1.125% Due 10/31/2026
US Treasury Note
1.500% Due 01/31/2027
US Treasury Note
2.750% Due 04/30/2027
US Treasury Note
3.250% Due 06/30/2027
TOTAL US Treasury
2,000,000.00
4,000,000.00
1,000,000.00
2,500,000.00
1,000,000.00
4,000,000.00
2,500,000.00
5,000,000.00
2,000,000.00
2,000,000.00
5,000,000.00
4,500,000.00
7,000,000.00
8,000,000.00
71,250,000.00
03/15/2022
2.00%
Various
0.38%
09/27/2022
4.42%
10/16/2020
0.32%
12/29/2020
0.38%
02/23/2021
0.58%
1,985,312.50
1,987,981.74
3,998,593.75
3,999,255.79
965,234.38
965,333.52
2,491,406.25
2,494,792.39
999,921.88
999,949.22
3,960,625.00
3,973,385.82
03/26/2021
0.83%
Various
0.85%
06/18/2021
0.91%
2,459,960.94
2,472,237.80
4,974,804.69
4,982,320.69
1,985,000.00
1,988,880.89
08/30/2021
0.77%
Various
1.25%
Various
2.15%
Various
3.54%
Various
3.10%
TOTAL PORTFOLIO
1.75%
1,998,515.63
1,998,837.54
4,970,498.06
4,975,402.01
4,367,285.16
4,379,914.83
6,761,484.38
6,765,052.74
8,053,964.85
8,052,346.69
70,874,062.57
70,819,660.49
248,649,713.91
94.18
4.27%
90.60
4.25%
96.95
4.26%
88.89
4.23%
88.44
4.22%
88.09
4.24%
88.25
4.23%
88.81
4.22%
88.34
4.22%
87.73
4.18%
88.71
4.16%
89.68
4.12%
94.43
4.09%
96.43
4.08%
4.20%
1,883,594.00
1,546.96
3,624,064.00
6,277.18
969,531.00
3,991.17
2,222,167.50
17.17
884,414.00
947.69
3,523,752.00
2,527.17
0.81%
(104,387.74)
1.55%
(375,191.79)
0.42%
4,197.48
0.95%
(272,624.89)
0.38%
(115,535.22)
1.51%
(449,633.82)
Aaa / AA+
AAA
Aaa / AA+
AM
Aaa / AA+
AM
Aaa / AA+
AAA
Aaa / AA+
AM
Aaa / AA+
AM
2,206,347.50
1,070.44
4,440,430.00
103.02
1,766,796.00
5,040.98
0.94%
(265,890.30)
1.90%
(541,890.69)
0.76%
(222,084.89)
Aaa / AA+
AM
Aaa / AA+
AM
Aaa / AA+
AM
1,754,688.00
1,284.53
4,435,350.00
23,539.40
4,035,762.00
11,372.28
6,609,806.00
80,557.06
7,714,688.00
65,706.52
65,877,815.50
275,392.67
0.75%
(244,149.54)
1.91%
(540,052.01)
1.73%
(344,152.83)
2.86%
(155,246.74)
3.32%
(337,658.69)
28.27%
(4,941,844.99)
249,871,186.70
1.68% 248,882,873.44
4.47%
233,126, 756.06 100.00
(15,756,117.38
904,893.09
Aaa / AA+
AM
Aaa / AA+
AM
Aaa / AA+
AM
Aaa / AA+
AM
Aaa / AA+
AM
Aaa / AA+
Aaa
2.46
2.36
2.58
2.52
2.88
2.70
3.00
2.93
3.25
3.16
3.34
3.24
3.42
3.32
3.50
3.39
3.67
3.54
3.92
3.78
4.09
3.90
4.34
4.11
4.58
4.20
4.75
4.31
3.27
3.09
Aa1 / AA
Aaa
2.73
2.39
TOTAL MARKET VALUE PLUS ACCRUALS 234,031,649.15
37 CM
93
Holdings Report
City of Dublin Reporting Account - Account #10219
As of September 30, 2022
CUSIP Security Description
Par Value/Units
Purchase Date Cost Value Mkt Price Market Value % of Port. Moody/S&P Maturity
Book Yield Book Value Mkt YTM Accrued Int. Gain/Loss Fitch Duration
LAIF
90LAIF$00 Local Agency Investment Fund State Pool
50,558,660.53
Various 50,558,660.53
1.60% 50,558,660.53
1.00
1.60%
50,558,660.53
164,680.89
39.20% NR/NR 0.00
0.00 NR 0.00
TOTAL LAIF
50,558,660.53 1.60%
50,558,660.53
50,558,660.53
1.60%
50,558,660.53
164,680.89
39.20% NR / NR 0.00
0.00 NR 0.00
Local Gov Investment Pool
Nom
r
90CAMP$00 California Asset Mgmt Program CAMP 78,684,622.93 Various 78,684,622.93
2.61% 78,684,622.93
1.00 78,684,622.93 60.80% NR / AAA 0.00
2.61% 0.00 0.00 NR 0.00
TOTAL Local Gov Investment Pool
78,684,622.93 2.61%
78,684,622.93
78,684,622.93
78,684,622.93 60.80% NR / AAA 0.00
2.61% 0.00 0.00 NR 0.00
TOTAL PORTFOLIO
129,243,283.46
129,243,283.46
2.21% 129,243,283.46 2.21%
129,243,283.46
164,680.89
TOTAL MARKET VALUE PLUS ACCRUALS
129,407,964.35
100.00% NR / AAA
0.00 NR
0.00
0.00
38 CM
94
Section 5 I Transactions
Transaction Ledger
City of Dublin - Account #10198
June 30, 2022 through September 30, 2022
As of September 30, 2022
Transaction Settlement
Type Date
CUSIP Quantity Security Description
c
Price Aq/Disp
Yield
Amount
Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 07/01/2022 66815L2J7 2,500,000.00 Northwestern Mutual Glbl Note
4% Due: 07/01/2025
Purchase 07/20/2022 47800AAC4 1,045,000.00 John Deere Owner Trust 2022-B A3
3.74% Due: 02/16/2027
Purchase 08/08/2022 91282CEW7 2,000,000.00 US Treasury Note
3.25% Due: 06/30/2027
Purchase 08/10/2022 91282CEW7 2,500,000.00 US Treasury Note
3.25% Due: 06/30/2027
Purchase 08/11/2022 92348KAV5 915,000.00 Verizon Master Trust 2022-5 A1A
3.72% Due: 07/20/2027
Purchase 08/19/2022 14913R3A3 750,000.00 Caterpillar Financial Service Note
3.6% Due: 08/12/2027
Purchase 08/25/2022 46647PCB0 500,000.00 JP Morgan Chase & Co Callable Note Cont
4/22/2026
1.578% Due: 04/22/2027
99.966 4.01% 2,499,150.00 0.00 2,499,150.00 0.00
99.990 3.77% 1,044,900.20 0.00 1,044,900.20 0.00
101.242 2.97% 2,024,843.75 6,888.59 2,031,732.34 0.00
101.184 2.99% 2,529,589.84 9,052.31 2,538,642.15 0.00
99.996 3.75% 914,959.74 0.00 914,959.74 0.00
99.715 3.66% 747,862.50 525.00 748,387.50 0.00
89.969 4.45% 449,845.00 2,695.75 452,540.75 0.00
Purchase 08/26/2022 91282CEW7 2,000,000.00 US Treasury Note 100.246 3.19% 2,004,921.88 10,067.93 2,014,989.81 0.00
3.25% Due: 06/30/2027
Purchase 08/31/2022 91282CEW7 1,500,000.00 US Treasury Note 99.641 3.33% 1,494,609.38 8,213.32 1,502,822.70 0.00
3.25% Due: 06/30/2027
Purchase 09/09/2022 931142EX7 705,000.00 Wal-Mart Stores Callable Note Cont 09/09/2027 99.784 4.00% 703,477.20 0.00 703,477.20 0.00
3.95% Due: 09/09/2027
Purchase 09/09/2022 931142EX7 795,000.00 Wal-Mart Stores Callable Note Cont 09/09/2027 99.978 3.95% 794,825.10 0.00 794,825.10 0.00
3.95% Due: 09/09/2027
Purchase 09/13/2022 14913R3A3 625,000.00 Caterpillar Financial Service Note 97.501 4.17% 609,381.25 1,937.50 611,318.75 0.00
3.6% Due: 08/12/2027
Purchase 09/27/2022 91282CEN7 3,000,000.00 US Treasury Note 93.844 4.23% 2,815,312.50 33,627.72 2,848,940.22 0.00
2.75% Due: 04/30/2027
40 CM
96
Transaction Ledger
City of Dublin - Account #10198
June 30, 2022 through September 30, 2022
As of September 30, 2022
Transaction Settlement
Type Date
CUSIP Quantity Security Description
Price Acq/Disp
Yield
Amount
Interest Total Amount Gain/Loss
Pur/Sold
Purchase
09/28/2022
91282CFE6
1,000,000.00 US Treasury Note
3.125% Due: 08/15/2025
96.523
4.42%
965,234.38
3,736.41
968,970.79
0.00
Subtotal
19,835,000.00
19,598,912.72 76,744.53 19,675,657.25 0.00
TOTAL ACQUISITIONS
19,835,000.00
19,598,912.72 76,744.53 19,675,657.25 0.00
DISPOSITIONS
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
07/18/2022 3135G0T94 2,500,000.00 FNMA Note 99.734 2.70% 2,493,350.00 29,522.57 2,522,872.57 -2,825.23
2.375% Due: 01/19/2023
08/08/2022 912828R69 500,000.00 US Treasury Note 98.750 2.67% 493,750.00 1,531.76 495,281.76 -2,314.57
1.625% Due: 05/31/2023
08/10/2022 912828R69 1,000,000.00 US Treasury Note 98.742 2.67% 987,421.88 3,152.32 990,574.20 -4,760.44
1.625% Due: 05/31/2023
08/10/2022 912828U57 1,500,000.00 US Treasury Note 98.543 2.54% 1,478,144.53 6,183.40 1,484,327.93 -14,430.29
2.125% Due: 11/30/2023
08/18/2022 58933YAF2 360,000.00 Merck & Co Note 99.604 3.41% 358,574.40 2,520.00 361,094.40 93.86
2.8% Due: 05/18/2023
08/19/2022 58933YAF2 380,000.00 Merck & Co Note 99.576 3.41% 378,388.80 2,689.56 381,078.36 -13.20
2.8% Due: 05/18/2023
08/25/2022 46625HRL6 260,000.00 JP Morgan Chase Callable Note Cont 3/18/2023 99.604 3.74% 258,970.40 1,891.50 260,861.90 774.33
2.7% Due: 05/18/2023
08/26/2022 912828U57 2,000,000.00 US Treasury Note 98.508 2.54% 1,970,156.25 10,102.46 1,980,258.71 -20,275.59
2.125% Due: 11/30/2023
08/31/2022 46625HRL6 110,000.00 JP Morgan Chase Callable Note Cont 3/18/2023 99.445 3.74% 109,389.50 849.75 110,239.25 135.49
2.7% Due: 05/18/2023
08/31/2022 46625HRL6 130,000.00 JP Morgan Chase Callable Note Cont 3/18/2023 99.480 3.74% 129,324.00 1,004.25 130,328.25 205.62
2.7% Due: 05/18/2023
41 CM
97
Transaction Ledger
City of Dublin - Account #10198
June 30, 2022 through September 30, 2022
As of September 30, 2022
Transaction
Type
Settlement
Date
CUSIP
Quantity Security Description
Price Acq/Disp
Yield
Amount
Interest Total Amount Gain/Loss
Pur/Sold
Sale
Sale
Sale
Sale
08/31/2022
09/09/2022
09/09/2022
09/13/2022
912828U57
02665WCJ8
747525AF0
69353RFL7
1,500,000.00
1,000,000.00
500,000.00
1,000,000.00
US Treasury Note
2.125% Due: 11/30/2023
American Honda Finance Note
3.45% Due: 07/14/2023
Qualcomm Inc Callable Note Cont 2/20/2025
3.45% Due: 05/20/2025
PNC Bank Callable Note Cont 5/9/2023
3.5% Due: 06/08/2023
98.379
99.648
98.852
99.810
2.54%
1,475,683.59
3.52% 996,480.00
1.82% 494,260.00
3.53% 998,100.00
8,012.30
5,270.83 1,001,750.83 -2,840.36
5,222.92 499,482.92 -27,442.27
9,236.11 1,007,336.11 -1,697.47
1,483,695.89 -17,218.12
Subtotal
12,740,000.00
12,621,993.35 87,189.73 12,709,183.08 -92,608.24
Maturity 09/14/2022 4581X0CZ9
2,500,000.00 Inter -American Dev Bank Note
1.75% Due: 09/14/2022
100.000
2,500,000.00
0.00 2,500,000.00
0.00
Subtotal
2,500,000.00
2,500,000.00
0.00 2,500,000.00
0.00
TOTAL DISPOSITIONS 15,240,000.00
15,121,993.35 87,189.73 15,209,183.08 -92,608.24
42 CM
98
Transaction Ledger
City of Dublin Reporting Account - Account #10219
June 30, 2022 through September 30, 2022
As of September 30, 2022
Transaction Settlement
Type Date
CUSIP Quantity Security Description
c
Price Aq/Disp
Yield
Amount
Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 07/15/2022 90LAIF$00 94,479.51 Local Agency Investment Fund State Pool
Purchase 07/29/2022 90CAMP$00 119,875.32 California Asset Mgmt Program CAMP
Purchase 08/31/2022 90CAMP$00 155,773.78 California Asset Mgmt Program CAMP
Purchase 09/30/2022 90CAMP$00 168,665.89 California Asset Mgmt Program CAMP
1.000 0.94%
1.000 1.40%
1.000 2.37%
1.000 2.61%
94,479.51
119,875.32
155,773.78
168,665.89
0.00
0.00
0.00
0.00
94,479.51
119,875.32
155,773.78
168,665.89
0.00
0.00
0.00
0.00
Subtotal
538,794.50
538,794.50 0.00
538,794.50 0.00
TOTAL ACQUISITIONS 538,794.50
538,794.50 0.00
538,794.50 0.00
DISPOSITIONS
Security 07/12/2022 90CAMP$00 4,000,000.00 California Asset Mgmt Program CAMP 1.000 4,000,000.00 0.00 4,000,000.00 0.00
Withdrawal
Security 07/18/2022 90CAMP$00 1,000,000.00 California Asset Mgmt Program CAMP 1.000 1,000,000.00 0.00 1,000,000.00 0.00
Withdrawal
Security 08/09/2022 90CAMP$00 6,000,000.00 California Asset Mgmt Program CAMP 1.000 6,000,000.00 0.00 6,000,000.00 0.00
Withdrawal
Subtotal 11,000,000.00
11,000,000.00
0.00 11,000,000.00 0.00
TOTAL DISPOSITIONS 11,000,000.00
11,000,000.00
0.00 11,000,000.00 0.00
43 CM
99
Important Disclosures
2022 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.
As of September 30, 2022
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.
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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.
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Benchmark Disclosures
As of September 30, 2022
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.
45 CA;:,.
101
Attachment 2
Transaction Ledger
City of Dublin - Account #10198
June 30, 2022 through September 30, 2022
As of September 30, 2022
Transaction Settlement
Type Date
CUSIP Quantity Security Description
c
Price Aq/Disp
Yield
Amount
Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 07/01/2022 66815L2J7 2,500,000.00 Northwestern Mutual Glbl Note
4% Due: 07/01/2025
Purchase 07/20/2022 47800AAC4 1,045,000.00 John Deere Owner Trust 2022-B A3
3.74% Due: 02/16/2027
Purchase 08/08/2022 91282CEW7 2,000,000.00 US Treasury Note
3.25% Due: 06/30/2027
Purchase 08/10/2022 91282CEW7 2,500,000.00 US Treasury Note
3.25% Due: 06/30/2027
Purchase 08/11/2022 92348KAV5 915,000.00 Verizon Master Trust 2022-5 A1A
3.72% Due: 07/20/2027
Purchase 08/19/2022 14913R3A3 750,000.00 Caterpillar Financial Service Note
3.6% Due: 08/12/2027
Purchase 08/25/2022 46647PCB0 500,000.00 JP Morgan Chase & Co Callable Note Cont
4/22/2026
1.578% Due: 04/22/2027
99.966 4.01% 2,499,150.00 0.00 2,499,150.00 0.00
99.990 3.77% 1,044,900.20 0.00 1,044,900.20 0.00
101.242 2.97% 2,024,843.75 6,888.59 2,031,732.34 0.00
101.184 2.99% 2,529,589.84 9,052.31 2,538,642.15 0.00
99.996 3.75% 914,959.74 0.00 914,959.74 0.00
99.715 3.66% 747,862.50 525.00 748,387.50 0.00
89.969 4.45% 449,845.00 2,695.75 452,540.75 0.00
Purchase 08/26/2022 91282CEW7 2,000,000.00 US Treasury Note 100.246 3.19% 2,004,921.88 10,067.93 2,014,989.81 0.00
3.25% Due: 06/30/2027
Purchase 08/31/2022 91282CEW7 1,500,000.00 US Treasury Note 99.641 3.33% 1,494,609.38 8,213.32 1,502,822.70 0.00
3.25% Due: 06/30/2027
Purchase 09/09/2022 931142EX7 705,000.00 Wal-Mart Stores Callable Note Cont 09/09/2027 99.784 4.00% 703,477.20 0.00 703,477.20 0.00
3.95% Due: 09/09/2027
Purchase 09/09/2022 931142EX7 795,000.00 Wal-Mart Stores Callable Note Cont 09/09/2027 99.978 3.95% 794,825.10 0.00 794,825.10 0.00
3.95% Due: 09/09/2027
Purchase 09/13/2022 14913R3A3 625,000.00 Caterpillar Financial Service Note 97.501 4.17% 609,381.25 1,937.50 611,318.75 0.00
3.6% Due: 08/12/2027
Purchase 09/27/2022 91282CEN7 3,000,000.00 US Treasury Note 93.844 4.23% 2,815,312.50 33,627.72 2,848,940.22 0.00
2.75% Due: 04/30/2027
40 CM
102
Transaction Ledger
City of Dublin - Account #10198
June 30, 2022 through September 30, 2022
As of September 30, 2022
Transaction Settlement
Type Date
CUSIP Quantity Security Description
Price Acq/Disp
Yield
Amount
Interest Total Amount Gain/Loss
Pur/Sold
Purchase
09/28/2022
91282CFE6
1,000,000.00 US Treasury Note
3.125% Due: 08/15/2025
96.523
4.42%
965,234.38
3,736.41
968,970.79
0.00
Subtotal
19,835,000.00
19,598,912.72 76,744.53 19,675,657.25 0.00
TOTAL ACQUISITIONS
19,835,000.00
19,598,912.72 76,744.53 19,675,657.25 0.00
DISPOSITIONS
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
07/18/2022 3135G0T94 2,500,000.00 FNMA Note 99.734 2.70% 2,493,350.00 29,522.57 2,522,872.57 -2,825.23
2.375% Due: 01/19/2023
08/08/2022 912828R69 500,000.00 US Treasury Note 98.750 2.67% 493,750.00 1,531.76 495,281.76 -2,314.57
1.625% Due: 05/31/2023
08/10/2022 912828R69 1,000,000.00 US Treasury Note 98.742 2.67% 987,421.88 3,152.32 990,574.20 -4,760.44
1.625% Due: 05/31/2023
08/10/2022 912828U57 1,500,000.00 US Treasury Note 98.543 2.54% 1,478,144.53 6,183.40 1,484,327.93 -14,430.29
2.125% Due: 11/30/2023
08/18/2022 58933YAF2 360,000.00 Merck & Co Note 99.604 3.41% 358,574.40 2,520.00 361,094.40 93.86
2.8% Due: 05/18/2023
08/19/2022 58933YAF2 380,000.00 Merck & Co Note 99.576 3.41% 378,388.80 2,689.56 381,078.36 -13.20
2.8% Due: 05/18/2023
08/25/2022 46625HRL6 260,000.00 JP Morgan Chase Callable Note Cont 3/18/2023 99.604 3.74% 258,970.40 1,891.50 260,861.90 774.33
2.7% Due: 05/18/2023
08/26/2022 912828U57 2,000,000.00 US Treasury Note 98.508 2.54% 1,970,156.25 10,102.46 1,980,258.71 -20,275.59
2.125% Due: 11/30/2023
08/31/2022 46625HRL6 110,000.00 JP Morgan Chase Callable Note Cont 3/18/2023 99.445 3.74% 109,389.50 849.75 110,239.25 135.49
2.7% Due: 05/18/2023
08/31/2022 46625HRL6 130,000.00 JP Morgan Chase Callable Note Cont 3/18/2023 99.480 3.74% 129,324.00 1,004.25 130,328.25 205.62
2.7% Due: 05/18/2023
41 CM
103
Transaction Ledger
City of Dublin - Account #10198
June 30, 2022 through September 30, 2022
As of September 30, 2022
Transaction
Type
Settlement
Date
CUSIP
Quantity Security Description
Price Acq/Disp
Yield
Amount
Interest Total Amount Gain/Loss
Pur/Sold
Sale
Sale
Sale
Sale
08/31/2022
09/09/2022
09/09/2022
09/13/2022
912828U57
02665WCJ8
747525AF0
69353RFL7
1,500,000.00
1,000,000.00
500,000.00
1,000,000.00
US Treasury Note
2.125% Due: 11/30/2023
American Honda Finance Note
3.45% Due: 07/14/2023
Qualcomm Inc Callable Note Cont 2/20/2025
3.45% Due: 05/20/2025
PNC Bank Callable Note Cont 5/9/2023
3.5% Due: 06/08/2023
98.379
99.648
98.852
99.810
2.54%
1,475,683.59
3.52% 996,480.00
1.82% 494,260.00
3.53% 998,100.00
8,012.30
5,270.83 1,001,750.83 -2,840.36
5,222.92 499,482.92 -27,442.27
9,236.11 1,007,336.11 -1,697.47
1,483,695.89 -17,218.12
Subtotal
12,740,000.00
12,621,993.35 87,189.73 12,709,183.08 -92,608.24
Maturity 09/14/2022 4581X0CZ9
2,500,000.00 Inter -American Dev Bank Note
1.75% Due: 09/14/2022
100.000
2,500,000.00
0.00 2,500,000.00
0.00
Subtotal
2,500,000.00
2,500,000.00
0.00 2,500,000.00
0.00
TOTAL DISPOSITIONS 15,240,000.00
15,121,993.35 87,189.73 15,209,183.08 -92,608.24
42 CM
104
Transaction Ledger
City of Dublin Reporting Account - Account #10219
June 30, 2022 through September 30, 2022
As of September 30, 2022
Transaction Settlement
Type Date
CUSIP Quantity Security Description
c
Price Aq/Disp
Yield
Amount
Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 07/15/2022 90LAIF$00 94,479.51 Local Agency Investment Fund State Pool
Purchase 07/29/2022 90CAMP$00 119,875.32 California Asset Mgmt Program CAMP
Purchase 08/31/2022 90CAMP$00 155,773.78 California Asset Mgmt Program CAMP
Purchase 09/30/2022 90CAMP$00 168,665.89 California Asset Mgmt Program CAMP
1.000 0.94%
1.000 1.40%
1.000 2.37%
1.000 2.61%
94,479.51
119,875.32
155,773.78
168,665.89
0.00
0.00
0.00
0.00
94,479.51
119,875.32
155,773.78
168,665.89
0.00
0.00
0.00
0.00
Subtotal
538,794.50
538,794.50 0.00
538,794.50 0.00
TOTAL ACQUISITIONS 538,794.50
538,794.50 0.00
538,794.50 0.00
DISPOSITIONS
Security 07/12/2022 90CAMP$00 4,000,000.00 California Asset Mgmt Program CAMP 1.000 4,000,000.00 0.00 4,000,000.00 0.00
Withdrawal
Security 07/18/2022 90CAMP$00 1,000,000.00 California Asset Mgmt Program CAMP 1.000 1,000,000.00 0.00 1,000,000.00 0.00
Withdrawal
Security 08/09/2022 90CAMP$00 6,000,000.00 California Asset Mgmt Program CAMP 1.000 6,000,000.00 0.00 6,000,000.00 0.00
Withdrawal
Subtotal 11,000,000.00
11,000,000.00
0.00 11,000,000.00 0.00
TOTAL DISPOSITIONS 11,000,000.00
11,000,000.00
0.00 11,000,000.00 0.00
43 CM
105