01-21-2020 - AGENDA ITEM 02 INVESTMENT REPORT FOR THE MONTH ENDED NOVEMBER 30, 201911/16/2020
Print Staff Report
AGENDA ITEM NO. 2
DATE: January 21, 2020
TO: Mayor and City Council
FROM: David Carmany
City Manager
AGENDA STAFF REPORT
City of West Covina I Office of the City Manager
SUBJECT: INVESTMENT REPORT FOR THE MONTH ENDED NOVEMBER 30, 2019.
RECOMMENDATION:
It is recommended that the City Council receive and file the Investment Report for the month ended November
30, 2019.
BACKGROUND:
California Government Code Section 53646 requires that cities report detailed information on all securities,
investments, and monies of the City and to report the market value of the investments held. California
Government Code Section 53601 and the City's Investment Policy define the types of investments allowed.
The City's Investment Policy was last revised and adopted by the City Council on July 2, 2019. The City's
Investment Policy has set primary goals of the portfolio management of safety, liquidity and yield.
Bond reserves are held and invested by a Trustee. The investment of these funds is governed by an investment
policy approved by the City Council as a part of the governing documents for each specific bond issue.
DISCUSSION:
The Investment Report (Attachment No. 1) presents the City's and the Successor Agency's cash and
investments for the month ended November 30, 2019. This report is in compliance with California
Government Code Section 53646 regarding the reporting of detailed information on all securities, investments,
and monies of the City, as well as, reporting of the market value of the investments held. All the investments
contained within the portfolio are in full compliance with Government Code Section 53601 and the City's
Investment Policy as to the types of investments allowed. The City's Investment Policy was last revised and
adopted by City Council on July 2, 2019. As stated in the attached report, there are sufficient funds to meet
the budgeted expenditures over the next six months.
The City's Investment Policy has set primary goals of the portfolio management of safety, liquidity and yield.
The City's surplus funds are deposited with the Los Angeles County Investment Pool (LACIP), the Local
Agency Investment Fund (LAIF) and Chandler Asset Management (Attachment No. 2). At November 30,
2019, the investment portfolio had a market value of $53,799,179.
Bond reserves are held and invested by a Trustee. The investment of these funds is governed by an investment
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City of West
Covina Short Term
Transaction Ledger
OR
Account #10479
As of November 30, 2019
Transaction
Type
ACQUISITIONS
Settlement
Date
CUSIP
Quantity
Security Description
Price Acq/Disp
Yield
Amount
Interest
Pur/sold Total
Amount
Gain/Loss
Purchase
11/01/2019
31846V203
600.84
First American Govt Obligation Fund
1.000
1.44%
600.84
0.00
600.84
0.00
Class Y
Purchase
11/06/2019
31846V203
2,187.50
First American Govt Obligation Fund
1.000
1.44%
2,187.50
0.00
2,187.50
0.00
Class Y
Purchase
11/15/2019
31846V203
5,418.51
First American Govt Obligation Fund
1.000
1.44%
5,418.51
0.00
5,418.51
0.00
Class Y
Purchase
11/15/2019
31846V203
2,462.00
First American Govt Obligation Fund
1.000
1.44%
2,462.00
0.00
2,462.00
0.00
Class Y
Purchase
11/15/2019
31846V203
141.00
First American Govt Obligation Fund
1.000
1.44%
141.00
0.00
141.00
0.00
Class Y
Purchase
11/15/2019
31846V203
5,249.92
First American Govt Obligation Fund
1.000
1.44%
5,249.92
0.00
5,249.92
0.00
Class Y
Purchase
11/15/2019
31846V203
12,342.46
First American Govt Obligation Fund
1.000
1.44%
12,342.46
0.00
12,342.46
0.00
Class Y
Purchase
11/18/2019
31846V203
11,803.97
First American Govt Obligation Fund
1.000
1.44%
11,803.97
0.00
11,803.97
0.00
Class Y
Purchase
11/25/2019
31846V203
442.90
First American Govt Obligation Fund
1.000
1.44%
442.90
0.00
442.90
0.00
Class Y
Purchase
11/30/2019
31846V203
5,203.13
First American Govt Obligation Fund
1.000
1.26%
5,203.13
0.00
5,203.13
0.00
Class Y
Subtotal
45,852.23
45,852.23
0.00
45,852.23
0.00
TOTAL ACQUISITIONS
45,852.23
45,852.23
0.00
45,852.23
0.00
DISPOSITIONS
a&
Paydown
11/15/2019
43811BAC8
5,341.23
Honda Auto Receivables Trust 2017-2
100.000
5,341.23
77.28
5,418.51
0.00
A3
1.68% Due 8/16/2021
Paydown
11/15/2019
47788BAD6
2,430.61
John Deere Owner Trust 2017-B A3
100.000
2,430.61
31.39
2,462.00
0.00
1.82% Due 10/15/2021
Paydown
11/15/2019
47788CAB8
140.72
John Deere Owner Trust 2018-A A2
100.000
140.72
0.28
141.00
0.00
2.42% Due 10/15/2020
Chandler Asset Management
- CONFIDENTIAL
Paee 6
Execution Time:
1213/201911:10:50 AM
City of West Covina Short Term Transaction Ledger
Account #10479 As of November 30, 2019 OR
Transaction Settlement CUSIP Quantity Security Description Price Acq/Disp Interest
Type Date Yield Amount Pur/sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 11/15/2019 47788CAC6 5,139.09 John Deere Owner Trust 2018-A A3 100.000 5,139.09 110.83 5,249.92 0.00
2.66% Due 4/18/2022
Paydown
11/15/2019
89238BAB8
12,318.84
Toyota Auto Receivables Trust 2018-A
100.000
12,318.84
23.62
12,342.46
0.00
A2A
2.1% Due 10/15/2020
Paydown
11/18/2019
43814WAB1
11,357.09
Honda Auto Receivables Trust 2019-1
100.000
11,357.09
446.88
11,803.97
0.00
A2
2.75% Due 9/20/2021
Paydown
11/25/2019
3137BFDQ1
69.02
FHLMC K717 A2
100.000
69.02
373.88
442.90
0.00
2.991% Due 9/25/2021
Subtotal
36,796.60
36,796.60
1,064.16
37,860.76
0.00
Security
11/06/2019
31846V203
418.11
First American Govt Obligation Fund
1.000
418.11
0.00
418.11
0.00
Withdrawal
Class Y
Security
11/25/2019
31846V203
43.21
First American Govt Obligation Fund
1.000
43.21
0.00
43.21
0.00
Withdrawal
Class Y
Subtotal
461.32
461.32
0.00
461.32
0.00
TOTAL DISPOSITIONS
37,257.92
37,257.92
1,064.16
38,322.08
0.00
OTHER TRANSACTIONS
Interest
11/06/2019
3135GOK69
350,000.00
FNMA Note
0.000
2,187.50
0.00
2,187.50
0.00
1.25% Due 5/6/2021
Interest
11/30/2019
3135GOF73
350,000.00
FNMA Note
0.000
2,625.00
0.00
2,625.00
0.00
1.5% Due 11/30/2020
Interest
11/30/2019
912828VF4
375,000.00
US Treasury Note
0.000
2,578.13
0.00
2,578.13
0.00
1.375% Due 5/31/2020
Subtotal
1,075,000.00
7,390.63
0.00
7,390.63
0.00
Chandler Asset Management - CONFIDENTIAL Page 7 Execution Time: 1213/201911:10:50 AM
City of West Covina Short Term Transaction Ledger
Account #10479 As of November 30, 2019 OR
OTHER TRANSACTIONS ML
Dividend 11/01/2019 31846V203 3,998.41 First American Govt Obligation Fund 0.000 600.84 0.00 600.84 0.00
Class Y
Subtotal 3,998.41 600.84 0.00 600.84 0.00
TOTAL OTHER TRANSACTIONS 1,078,998.41 7,991.47 0.00 7,991.47 0.00
Chandler Asset Management - CONFIDENTIAL Page 8 Execution Time: 1213/201911:10:50 AM
11/16/2020
Print Staff Report
policy approved by the City Council as a part of the governing documents for each specific bond issue. At
November 30, 2019, the bond reserves had a market value of $6,838,352.
Prepared by: Robbeyn Bird, CPA, Interim Finance Director
Additional David Carmany, City Manager
Approval:
Attachments
Attachment No. 1 - Investment Report November 30, 2019
Attachment No. 2 - Chandler Report - November 2019
CITY Achieve Fiscal Sustainability and Financial Stability
COUNCIL
GOALS &
OBJECTIVES:
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ATTACHMENT NO. 1
City of West Covina
Investment Report
For the Month Ended November 30, 2019
Interest/
Yield to
Maturity
%of
Description
Book Value Market Value
Maturity
Date
Portfolio
Cash and Cash Equivalents
Wells Fargo Checking Account
$ 8,081,480 $ 8,081,480
0.00%
n/a
13.33%
Pacific Western Bank Checking - HPP (CDBG)
3,592 3,592
0.00%
n/a
0.01 %
Pacific Western Bank Checking - HPP (LMIHF)
30,687 30,687
0.00%
n/a
0.05%
Los Angeles County Investment Pool (LACIP)
18,610,167 18,610,167
1.98%
n/a
30.69%
Los Angeles County Investment Pool (LACIP) - CFD
887,882 887,882
1.98%
n/a
1.46%
Local Agency Investment Fund (LAIF)
19,749,332 19,749,332
2.10%
n/a
32.57%
Wells Fargo Checking Account -CFD
1,243,492 1,243,492
0.00%
n/a
2.05%
Investments - Chandler Asset Management
Asset -Backed Securities
297,397 298,696
1.93%
See attached
0.49 %
Federal Agencies
2,454,313 2,445,473
1.66%
See attached
4.03%
Collateralized Mortgage Obligation
151,320 151,885
2.24 %
See attached
0.25%
Money Market Funds
49,389 49,389
1.26%
See attached
0.08%
US Treasury
2,252,972 2,247,104
1.69%
See attached
3.71%
Total Cash and Investments
$ 53,812,023 $ 53,799,179
Bond Reserves
Lease Revenue Bonds, 2006 Series A & 2006 Sedes B (Taxable)
First American Treasury Obligations Fund Class D
$ 1,071,000 $ 1,071,000
1.39%
n/a
1.77%
First American Treasury Obligations Fund Class D
585,372 585,372
1.39%
n/a
0.97%
1996 Special Tax Refunding Bonds - Successor Agency
First American Treasury Obligations Fund Class D
5,002,869 5,002,869
7.01 %
9/12022
8.25%
First American Treasury Obligations Fund Class D
179,111 179,111
1.39%
n/a
0.30%
Total Bond Reserves
$ 6,838,352 $ 6,838,352
Total Investment Portfolio
$ 60,650,375 $ 60,637,531
100.00%
Blended Yleld of Cash and Investments • 2.00%
Benchmarks:
LAIF 2.10%
LACIP1.98%
6mo U.S. Treasury 1.63%
2yr U.S. Treasury 1.61%
Sp' U.S. Treasury 1.62 %
• To ensure timely submission of the Investment Report, the prior month's LACIP percentage yield is used
I hereby certify that the investments are in compliance with the investment policy adopted by the City Council. The investment portfolio
provides sufficient funds to meet the budgeted expenditures over
the next six months. This report meets the requirements of Government
Code Section 53646.
PREPARED BY:
RE ED BY:
AA r.
Robbeyn�terirn Finance Director
Colleen B. Rozatti - City Tr suWr
APPROVED BY
David Cam any - Cily Manager
ATTACHMENT NO.2 C11%
City of West Covina Short Term - Account #10479
MONTHLY ACCOUNT STATEMENT
NOVEMBER 1, 2019 THROUGH NOVEMBER 30, 2019
Chandler Team:
For questions about your account, please call (800) 317-4747,
or contact operations@chandlerasset.com
Custodian
US Bank
Christopher Isles
(503)464-3685
CHANDLER ASSET MANAGEMENT
chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.
City of West Covina Short Term
Account #10479
PORTFOLIO CHARACTERISTICS
Average Modified Duration
0.57
Average Coupon
1.55%
Average Purchase YTM
1.21%
Average Market YTM
1.70%
Average S&P/Moody Rating
AA+/Aaa
Average Final Maturity
0.67 yrs
Average Life
0.58 yrs
SECTOR ALLOCATION
Agency 47.1%
us 1—— 43.3%
ABS, 5.7%
cmo' 2.9%
Money Mkt Fdl Q,9%
PERFORMANCE REVIEW
Portfolio Summary
As of November 30, 2019
ACCOUNT SUMMARY
TOP ISSUERS
Beg. Values
End Values
Government of United States
as of 10/31/19
as of 11/30/19
Federal National Mortgage Assoc
Market Value 5,185,200
5,192,547
Federal Home Loan Mortgage Corp
Accrued Interest 22,112
20279
Total Market Value 5,207,312
5,212,826
Federal Home Loan Bank
Income Earned 6,145
5,847
Honda ABS
Cont/WD
-461
John Deere ABS
Par 5,188,535
5,197,130
First American Govt Oblig Fund
Book Value 5,198,172
5,205,392
Toyota ABS
Cost Value 5,253,412
5,262,090
Total
MATURITY DISTRIBUTION
0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5+
Maturity (Yrs)
CREDIT QUALITY (S&P)
AA (90.4%)
OR
43.3%
33.6%
9.7 %
6.7 %
4.5 %
1.2%
0.9%
0.0 %
100.0%
(4.1%)
5.5%)
Annualized
TOTAL RATE OF RETURN
1M _qF 3M YTD 1YR
2YRS 3YRS 5YRS
10YRS
7/31/2016
City of West Covina Short Term
0.11% 0.56% 3.21% 3.92%
2.48% 1.97% N/A
N/A
1.63%
ICE BAML 1-3 Yr US Treasury/Agency Index
-0.03% 0.19% 3.33% 4.14%
2.47% 1.79% N/A
N/A
1.46%
Chandler Asset Management -CONFIDENTIAL Page 1 Execution Time: 1213/201911:10:50 AM
Category
Treasury Issues
Federal Agencies
Municipal Securities
Supranationals
Medium Term Notes
Collateralized Certificates of Deposit
Negotiable Certificates of Deposit
Banker's Acceptances
Commercial Paper
Asset -Backed Securities/ Mortgage -
Backed Securities
Money Market Mutual Funds
Prohibited Securities
Repurchase Agreements
Local Agency Investment Fund (LAIF)
Los Angeles County Investment Pool
Max per Security Type
Max per Issuer
Maximum Maturity
Statement of Compliance
As of November 30, 2019
City of West Covina
CA
Assets managed by Chandler Asset Management are in full compliance with state law and the District's investment policy.
Standard
Comment
No limitations
Complies
No limitations
Complies
"A" or higher by a NRSRO; 30% maximum; 5% max per issuer
Complies
"AA" rated or higher by a NRSRO; 30% max; 10% max per issuer; Unsubordinated obligations issued by: IBRD, IFC, IADB
Complies
"A" rated or higher by a NRSRO; 30% maximum; 5% max per issuer; Issued by corporations organized and operating within
Complies
the U.S.
25% maximum
Complies
"A" rated or better by a NR5RC; 30% maximum
Complies
40% maximum; 30% max per one commercial bank; 180 days max maturity
Complies
A-10-1 rating or higher by both 5&P and Moody's; 25% maximum; 5% per issuer; 270 days max maturity; Eligible paper is
limited to corporations organized and operating within the U.S. with total assets of at least $500 million
Complies
"AA" or better by a NR5RC; "A" rated issuer rating or higher by a NRSRO; 20% maximum
Complies
"AAA" rated or highest rating by a NRSRO; 20% maximum; 10% per fund
Complies
Inverse floaters; Ranges notes, Interest -only strips from mortgaged backed securities; Zero interest accrual securities;
Complies
Reverse Repurchase Agreements
20% maximum; 100 days max maturity; collateralized 102%of market value; Not used by investment adviser
Complies
Maximum program; Not used by investment adviser
Complies
Maximum program; Not used by investment adviser
Complies
No more than 40%of the City's total portfolio shall be invested in a single security type or with a single financial institution
Complies
No more than 5% in any single issuer except US Gov, Agencies, Supranationals, Money Market Funds, LAIF, or LGIP
Complies
5 years
Complies
City of West Covina Short Term Reconciliation Summary
Account #10479 As of November 30, 2019
BEGINNING BOOK VALUE
Acquisition
+Security Purchases
$0.00
+ Money Market Fund Purchases
$45,852.23
+ Money Market Contributions
$0.00
+Security Contributions
$0.00
+ Security Transfers
$0.00
Total Acquisitions
Dispositions
Security Sales
- Money Market Fund Sales
- MMF Withdrawals
- Security Withdrawals
- Security Transfers
- Other Dispositions
- Maturites
Calls
- Principal Paydowns
Total Dispositions
Amortization/Accretion
+/- Net Accretion
$0.00
$0.00
$461.32
$0.00
$0.00
$0.00
$0.00
$0.00
$36,796.60
($1,375.07)
$5,198,172.26 BEGINNING BALANCE
Acquisition
Contributions
Security Sale Proceeds
Accrued Interest Received
Interest Received
Dividend Received
$45,852.23 Principal on Maturities
Interest on Maturities
Calls/Redemption (Principal)
Interest from Calls/Redemption
Principal Paydown
Total Acquisitions
$8,454.
$36,
$3,998.41
Dispositions
Withdrawals
$461.32
Security Purchase
$0.00
Accrued Interest Paid
$0.00
Total Dispositions
$461.32
$37,257.92 ENDING BOOK VALUE
($1,375.07)
Gain/Loss on Dispositions
+/- Realized Gain/Loss $0.00
$0.00
ENDING BOOK VALUE $5,205,391.50
$49,389.32
Chandler Asset Management - CONFIDENTIAL Page 3 Execution Time: 1213/201911:10:50 AM
City of West Covina Short Term
Holdings Report
Account #10479
As of November 30, 2019
ABS
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTIVI
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
DurationCUSIP
89238BAB8
Toyota Auto Receivables Trust 2018-A
1,178.02
01/23/2018
1,177.90
100.00
1,178.07
0.02%
Aaa/AAA
0.88
A2A
2.12%
1,177.98
2.40%
1.10
0.09
NR
0.03
2.1% Due 10/15/2020
43811BAC8
Honda Auto Receivables Trust 2017-2
49,859.09
04/27/2018
49,083.94
99.89
49,806.69
0.96%
Aaa / AAA
1.71
A3
2.62%
49,457.35
1.93%
37.23
349.34
NR
0.44
1.68% Due 8/16/2021
43814WAB1
Honda Auto Receivables Trust 2019-1
183,642.91
02/19/2019
183,631.08
100.43
184,436.56
3.54%
NR/AAA
1.81
A2
2.77%
183,634.58
1.89%
182.37
801.98
AAA
0.49
2.75% Due 9/20/2021
47788BAD6
John Deere Owner Trust 2017-B A3
18,268.53
07/11/2017
18,267.20
99.91
18,251.99
0.35%
Aaa / NR
1.88
1.82%Due 10/15/2021
1.83%
18,267.94
2.08%
14.78
(15.95)
AAA
0.36
47788CAC6
John Deere Owner Trust 2018-A A3
44,860.91
02/21/2018
44,857.69
100.36
45,022.26
0.86%
Aaa / NR
2.38
2.66% Due 4/18/2022
2.68%
44,859.06
2.04%
53.04
163.20
AAA
0.56
297,017.81
298,695.57
5.74%
Aaa / AAA
1.88
Total ABS
297,809.46
2.67%
297,396.91
1.93%
288.52
1,298.66
AAA
0.48
AM
■
3137EAEE5
FHLMC Note
350,000.00
01/12/2017
349,622.00
99.98
349,931.05
6.75%
Aaa /AA+
0.13
1.5% Due 1/17/2020
1.54%
349,983.78
1.64%
1,954.17
(52.73)
AAA
0.13
3135GOA78
FNMA Note
350,000.00
10/14/2016
355,204.50
100.00
349,995.45
6.75%
Aaa /AA+
0.14
1.625% Due 1/21/2020
1.16%
350,222.86
1.62%
2,053.82
(227.41)
AAA
0.14
3135GOD75
FNMA Note
700,000.00
07/29/2016
712,474.00
99.90
699,325.20
13.50%
Aaa /AA+
0.56
1.5% Due 6/22/2020
1.03%
701,787.00
1.67%
4,637.50
(2,461.80)
AAA
0.55
3135GOF73
FNMA Note
350,000.00
07/29/2016
355,939.50
99.82
349,373.15
6.70%
Aaa /AA+
1.00
1.5% Due 11/30/2020
1.10%
351,367.77
1.68%
14.58
(1,994.62)
AAA
0.99
313OA7CV5
FHLB Note
350,000.00
07/29/2016
353,846.50
99.65
348,767.30
6.72%
Aaa / AA-
1.22
1.375% Due 2/18/2021
1.13%
351,028.04
1.67%
1,376.91
(2,260.74)
AAA
1.20
3135GOK69
FNMA Note
350,000.00
07/22/2016
349,744.50
99.45
348,081.30
6.68%
Aaa /AA+
1.43
1.25%Due 5/6/2021
1.27%
349,923.57
1.64%
303.82
(1,842.27)
AAA
1.41
2,476,831.00
2,445,473.45
47.11%
Aaa / AA+
0.72
Total Agency
2,450,000.00
1.18%
2,454,313.02
1.66%
10,340.80
(8,839.57)
AAA
0.71
Chandler Asset Management - CONFIDENTIAL Page 4 Execution Time: 1213/201911:10:50 AM
City of West Covina Short Term
Holdings Report
Account #10479
As of November 30, 2019
CLISIP Security Description
CIVIC,
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
3137BFDQ1 FHLMC K717 A2
149,930.98
01/04/2018
152,765.62
101.30
151,884.88
2.92%
NR/NR
1.82
2.991% Due 9/25/2021
2.37%
151,320.06
2.24%
373.70
564.82
AAA
1.57
152,765.62
151,884.88
2.92%
NR/NR
1.82
Total CMO
149,930.98
2.37%
151,320.06
2.24%
373.70
564.82
AAA
1.57
MONEY MARKET FUND FI
31846V203 First American Govt Obligation Fund
49,389.32
Various
49,389.32
1.00
49,389.32
0.95%
Aaa / AAA
0.00
Class Y
1.26%
49,389.32
1.26%
0.00
0.00
AAA
0.00
49,389.32
49,389.32
0.95%
Aaa/AAA
0.00
Total Money Market Fund FI
49,389.32
1.26%
49,389.32
1.26%
0.00
0.00
AAA
0.00
US TREASURY
91282SG95 US Treasury Note
750,000.00
07/25/2016
766,848.22
99.99
749,925.00
14.48%
Aaa /AA+
0.08
1.625% Due 12/31/2019
0.96%
750,403.38
1.73%
5,100.20
(478.38)
AAA
0.08
912828UL2 US Treasury Note
375,000.00
08/05/2016
380,992.47
99.95
374,815.50
7.22%
Aaa /AA+
0.17
1.375% Due 1/31/2020
0.91%
375,287.60
1.66%
1,723.42
(472.10)
AAA
0.17
91282SUVO US Treasury Note
375,000.00
08/05/2016
377,799.11
99.82
374,326.13
7.19%
Aaa /AA+
0.33
1.125%Due 3/31/2020
0.92%
375,254.46
1.66%
714.65
(928.33)
AAA
0.33
912828VF4 US Treasury Note
375,000.00
08/05/2016
380,391.88
99.85
374,443.50
7.18%
Aaa /AA+
0.50
1.375% Due 5/31/2020
0.99%
375,704.97
1.67%
14.09
(1,261.47)
AAA
0.50
912828N89 US Treasury Note
375,000.00
08/11/2016
380,054.97
99.63
373,593.75
7.20%
Aaa /AA+
1.17
1.375% Due 1/31/2021
1.07%
376,321.78
1.70%
1,723.42
(2,728.03)
AAA
1.15
2,286,086.65
2,247,103.88
43.29%
Aaa / AA+
0.39
Total US Treasury
2,250,000.00
0.97%
2,252,972.19
1.69%
9,275.78
(5,868.31)
AAA
0.38
5,262,090.40
5,192,547.10
100.00%
Aaa / AA+
0.67
TOTAL PORTFOLIO
5,197,129.76
1.21%
5,205,391.50
1.70%
20,278.80
(12,844.40)
AAA
0.57
TOTAL MARKET VALUE PLUS ACCRUED
5,212,825.90
Chandler Asset Management - CONFIDENTIAL Page 5 Execution Time: 1213/201911:10:50 AM