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2025-11-04 CC Agenda Packet - ITEM D8 - September 2025 Portfolio ReportCITY OF ELSEGUNDO City of El Segundo Investment Portfolio Report September 2025 Certified By: Chief Financial Officer / City Treasurer CITY OF ELSEGUNDO Table of Contents 1. Portfolio 2. Transactions 3. Compliance 4. LA I F 5. City Cash Flows 6. Economic Environment 7. Annex t:LSEGUNDO CITY OF ELSEGUNDO 1. Portfolio PORT0110 Book V� - $156,429,751 Investment by Security Type - September 2025 Cash Sweep Cash LLAI $46,017 $5,269,258 $1,910% 7,672 3% 1 not ■ Medium Term Note Certificate of Deposit ■ US Treasury CaITRUST ■ CAMP ■ LAIF ■ Cash Sweep ■ Cash $60,000,000 $50,000,000 $40,000,000 $30,000,000 $27,851,830 $27,948,225 $20,000,000 $10,000,000 Government Medium Term Municipal Agency Note Bond Portfolio Summary As of September 2025 $59,476,800 $57,022,651 $29, 613,104 $29,115, 616 Certificate of US Treasury Deposit ,540,930 $20,540,930 $14,665,779 CaITRUST CAMF Book Value ■ Market Value $14,665,779 $5,269,258 $5,269,258 $1,917,672 E $1,917,672 $46,017 $46,017 - LAIF Cash Sweep Cash 5.00% 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 3.00 2.50 Rn 4.01 % N/A Portfolio Weighted Average Yield 4.54% 3.97% 4.36% Portfolio Weighted Average Maturity 2.73 2.04 2.00 1.56 1.50 1.00 0.50 N/A N/A 0.00 0.00 Government Medium Term Municipal Bond Certificate of US Treasury CalTRUST Agency Note Deposit 0.00 CAMP 4.21 % 0.00 LAIF 3.71 % 0.45% 0.00 0.00 Cash Sweep Cash Total Portfolio as of September 2025 200,000,000 180,000,000 160,000,000 140,000,000 120.000.000 100.000.000 80,000,000 60,000,000 40,000,000 Sep-20 Sep-21 Sep-22 Sep-23 $156,429,754 Sep-24 Sep-25 Portfolio Through Time $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $0 Sep-20 Jan-21 May-21 Sep-21 Jan-22 May-22 Sep-22 Jan-23 May-23 Sep-23 Jan-24 May-24 Sep-24 Jan-25 May-25 Sep-25 -Reserve -Liquidity Portfolio Through Time 100% 90% — 80% 73% 70% 60% 50% 40% 30% 27% 20% 10% 0% Sep-20 Jan-21 May-21 Sep-21 Jan-22 May-22 Sep-22 Jan-23 May-23 Sep-23 Jan-24 May-24 Sep-24 Jan-25 May-25 Sep-25 Portfolio Through Time $140,000,000 $120,000,000 $113,990,097 $100,000,000 — $80,000,000 $60,000,000 $40,000,000 $ $20,000,000 42,439,656 $0 Sep-20 Jan-21 May-21 Sep-21 Jan-22 May-22 Sep-22 Jan-23 May-23 Sep-23 Jan-24 May-24 Sep-24 Jan-25 May-25 Sep-25 3.00 2.50 2.00 _ 1.50 1.00 0.50 0.00 Sep-20 Jan-21 Weighted Average Maturity 0 May-21 Sep-21 Jan-22 May-22 Sep-22 Jan-23 May-23 Sep-23 Jan-24 May-24 Sep-24 Jan-25 May-25 Sep-25 —Reserve —Liquidity $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $2100 $0 2025-4Q Total $15,721,000 ,000 $2,987,000 $745,( 2026-1 Q 2026-2Q 2026-3Q 2026-4Q Total Reserve Portfolio Ladder by Quarter As of September 2025 7,219,000 $2,746,000 $2,449,000 2027-1 Q 2027-2Q 2027-3Q 2027-4Q Total $26,1 4,489,000 $1,984,000 2028-1 Q 2028-2Q 2028-3Q $13,720,000 $3,500,000 1,50Q000 $' ■ Total 2029-1Q 2029-2Q 2029-3Q 2029-4Q Total 2030-2Q Total 10 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 $448,000 E Ladder Diversification As of September 2025 Certificate of Deposit ■ Government Agency ■ Medium Term Note Municipal Bond ■ US Treasury $12,049,000 $4,000,0( $2,500,000 $12, '000,000 2025 2026 2027 2028 2029 2030 $30,000,000 $25,000,000 $20,540,930 $20,000,000 $15,000,000 $14,665,779 $10,000,000 $5,000,000 — Ei $46,017 CaITRUST CAMP LAIF Liquidity Investments by Maturity Date As of September 2025 Ml $1,917,672 � Cash Sweep Cash $248,141 <30 Days $8,331,485 $2,497,780 $29,363,756 $25,313,949 $18,825,551 $13,516,870 31 to 90 Days 91 to 180 days 181 to 365 Days 1 to 2 Years 2 to 3 Years 3 to 4 Years 4 to 5 Years Reserve CITY OF ELSEGUNDO 2. Transactions 2,000,000 0 -2,000,000 -4,000,000 -6,000,000 -8,000,000 -10,000,000 -12,000,000 Transaction Summary Prior 3 Months ■ Interest Earned ■ Maturities ■ Purchases $747,000 $498,000 $428,383 $0 $249,052 $0 $358,248 $0 -$11,950,547 -14,000,000 Jul-25 Aug-25 Sep-25 Interest Received As of September 2025 Interest Earned ■ Maturities F Purchases 20,000,000 15,000,000 10,000,000 5,000,000 $13,748,000 $2,975,000 $990,000 $1,961,000 $248,000 $490,000 $830,407 $741,000 $992,000 $ggg 591 $747,000 $498,000 $242,048 $355,589 $385,71 $371,62 $428,383 0 — — $2�� _ - $238,278 $262,660 - $249,052_ $358,24 L -5,000,000 - -6,658,937 -10,000,000 -11,950,547 -15,000,000 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Investment Purchases & Liquidity Investments In Past 24 Months ■ Purchases ■ Liquidity Investments 16,000,000 14,000,000 12,017,250 $11,950,547 12,000,000 1 10,000,000 , 9,405,589 8,000,000 $6,658,937 6,000,000 4,000,000 2,000,000 0 11111 11111 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 CITY OF ELSEGUNDO 3. Compliance Asset Class Compliance As of September 2025 Security Type In Compliance? CalTRUST CAMP y y Max Weight 100% 100% Weight 12.88% 9.20% :oo $20,540,930 $14,665,779 $20,540,930 $14,665,779 $20,540,930 $14,665,779 LAIF y 100% 0.03% $46,017 $46,017 $46,017 Cash Sweep y 100% 3.30% $5,269,258 $5,269,258 $5,269,258 Cash y 100% 1.20% $1,917,672 $1,917,672 $1,917,672 Government Agency y 100% 0.00% $0 $0 $0 Medium Term Note y 30•5/0 17.52% $27,851,830 $27,948,225 $28,000,000 Municipal Bond y 100% 0.00% $0 $0 $0 Certificate of Deposit y 30% 18.57% $29,115,616 $29,613,104 $29,199,000 US Treasury y 100% 37.29% $57,022,651 $59,476,800 $60,000,000 Totals 100.00% $156,429,754 $159,477,786 $159,638,656� Rating Compliance As of September 2025 SecurityType CaITRUST Issue CaITRUST CUSIP CaITRUST S&P Rating AA-F Moody's Rating NSA In Compliance? Y MarketValue 20,540,930 Weight Maximum 12.88% 91. of •100.00% CAMP ICAMP CAMP AAAm N/A Y 14,665,779 9.20% 100.00% Cash Sweep Chase Cash Sweep N/A NSA Y 5,269,258 3.30% 100.00% Medium Term Note JALTRIA GROUP INC 02209SBD4 BBB+ A3 Y 1 507,750.00 0.32% 1.001/. Medium Term Note AMAZON COM INC 023135CP9 AA Al Y 1,015,010.00 0.64% 1.00% Medium Term Note IAMERICAN HONDA FIN CORP 02665WED9 A- A3 Y 1,012,390.00 0.63% 1.00% Medium Term Note APPLE INC 037933ECO AA+ AAA Y 471,385.00 0.30% 1.00% Medium Term Note ASTRAZENECA FINANCE LLC L P 04636NAA1 A+ Al ly 491,035.00 0.31% 1.00% Medium Term Note BANK OF AMERICA CORP 06051GFX2 A- Al Y 498,435.00 0.31% 1.00% Medium Term Note BANK OF NY MELLON CORP 06406YAAO A- A2 Y 483,815.00 0.30% 1.00% Medium Term Note BANK NOVA SCOTIA B C 06418BAE8 A- A2 Y 994,760.00 0.62% 1.00% Medium Term Note BLACKROCK FUNDING 09290DAA9 AA- AA3 Y 511,445.00 0.32% 1.00% Medium Term Note CIGNA CORP 125523AG5 A- BAA1 Y 499,715.00 0.31% 1.00% Medium Term Note CANADIAN IMP BK COMM 13607HR61 A- A2 Y 992,300.00 0.62% 1.00% Medium Term Note CITIGROUP INC 172967KNO BBB+ A3 Y 498,035.00 0.31% 1.00% Medium Term Note ICOMCASTCORP 20030N BWO A- A3 Y 980,060.00 0.61% 1.00% Medium Term Note DEEREJOHN CAPITAL 24422EWR6 A Al Y 1,019,170.00 0.64% 1.00% Medium Term Note DEUTSCHE BK AG N Y 25160PAM9 A Al Y 1,024,930.00 0.64% 1.00% Medium Term Note HON EYWELL INTERNATIONAL 43851681.19 A A2 Y 476,275.00 0.30% 1.00% Medium Term Note JINTELCORP 458140CD0 BBB BAA2 Y 1,002,020.00 0.63% 1.00% Medium Term Note INTERCONTINENTAL EXCHANGE 45866FAD6 A- A3 Y 499,490.00 0.31% 1.00% Medium Term Note JIBMCORP 459200ASO A- A3 Y 1,053,280.00 0.66% 1.001% Medium Term Note MEADJOHNSON NUTRITION C 582839AH9 A- A3 Y 499,675.00 0.31% 1.00% Medium Term Note MERCKCOINC 58933YAX3 A+ AA3 Y 489,855.00 0.31% 1.00% Medium Term Note MITSUBISHI UFJ FIN GRP 606822A13 A- Al Y 988,010.00 0.62% 1.00% Medium Term Note MORGAN STANLEY 61746BDZ6 A- Al ly 499,155.00 0.31% 1.00% Medium Term Note PNC BANK NA 69349LAS7 A- A2 Y 470,420.00 0.29% 1.00% Medium Term Note PEPSICO INC 713448EL8 A+ Al Y 475,855.00 0.30% 1.009/ Medium Term Note PHILIP MORRIS INTL INC 718172DN6 A- A2 Y 507,410.00 0.32% 1.00% Medium Term Note REGENCY CENTERS LP 75884RAZ6 A- A3 Y 477,400.00 0.30%1 1.00% Medium Term Note ROYAL BK CDA 78016EZD2 A Al Y 995,730.00 0.62% 1.00% Medium Term Note SCHWAB CHARLES CORP 80851302 A- A2 Y 530,640.00 0.33%1 1.00% Medium Term Note SIMON PROPERTYGROUP LP 828807DF1 A A3 Y 469,400.00 0.29% 1.00% Medium Term Note ISTRYKERCORP 863667AH4 BBB+ A3 Y 499,425.00 0.31%1 1.00% Medium Term Note SUMITOMO MITSUI FINLGRP 86562MAY6 A- Al Y 989,330.00 0.62% 1.00% Medium Term Note ITARGETCORP 87612EBH8 A A2 IY 489,760.00 0.31% 1.00% Medium Term Note 3MCOMPANY 88579YB19 BBB+ A3 Y 468,255.00 0.29% 1.00% Medium Term Note ITORONTO DOMINION BANK 89115A2M3 IA- A2 Y 1,023,780.00 0.64% 1.00% Medium Term Note TOSCO CORP 891490AR5 A- A2 Y 1,040,810.00 0.65% 1.00% Medium Term Note TOYOTA MTR CR CORP FR 89236TKLB A+ Al Y 1,030,530.00 0.65% 1.00% Medium Term Note US BANCORP 91159HHW3 A- A3 Y 478,490.00 0.30% 1.00% Medium Term Note UNITEDHEALTH GROUP INC 91324PDN9 A+ A2 Y 499,475.00 0.31% 1.00% Medium Term Note WELLS FARGO COMPANY 94974BGL8 BBB A3 Y 1,003,520.00 0.63% 1.00% US Treasury USTREASURY NOTE 912828ZV5 AAl Y 11,367,720.00 7.13% 100.00% US Treasury USTREASURY NOTE 91282CC18 N/A AA1 Y 11,744,400.00 7.36% 100.00% US Treasury USTREASURY NOTE 91282CHF1 N/A AAl Y 12,008,400.00 7.53%1 100.00% US Treasury USTREASURY NOTE 91282CHKO N/A AAl Y 12,117,720.00 7.60% 100.00% US Treasury USTREASURY NOTE 191282CKX8 N/A AAl Y 12,238,560.00 7.67%1 100.00% Analysis of B-Rated Medium Term Notes 3M COMPANY 08/26/2029 BBB+ A3 Upgraded to BBB+ in March; Short -Term debt rating is A-2; upgrade due to reduced leverage exposure ALTRIA GROUP INC 02/14/2029 BBB+ A3 Upgraded to BBB+ since investment in term note (S&P rating was BBB at time of investment) CITIGROUP INC 05/01/2026 BBB+ A3 Moody's (A3) and Fitch (A rating) provide counterweight to S&P BBB+, which is still listed as "Stable" INTEL CORP 02/10/2026 BBB BAA1 Government investment makes possible distress unlikely STRYKER CORP 11/01/2025 BBB+ A3 Maturing in November. No indication of short-term liquidity crunch WELLS FARGO 07/22/2027 BBB A3 Upgraded to BBB+, not reflected in US Bank September report; Short -Term debt rating is A-2 CITY OF ELSEGUNDO 4. LAIF 14 12 10 8 6 4 2 0 1977 LAIF Apportionment Rates As of September 2025 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016 2019 2022 2025 5 4.5 4 3.5 3 2.5 2 1.5 1 0.5 0 Sep-20 Mar-21 Sep-21 400 350 300 250 200 150 100 50 LAIF Diagnostics Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 -Daily -Quarter to Date LAIF Average Maturity 0 Sep-20 Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 CITY OF ELSEGUNDO 5. City Cash Flows Rolling 13-Month Cash Flow Analysis As of September 2025 -Credits -Debits 22,000,000 20,000,000 18,000,000 $17,787,069 16,000,000 $15,287,054 $15,355,152 15,970,436 $14,714,896 14,000,000 13,261,203 $11,633,382 $12,495,987 12,000,000 $12,198,412 $12,174,653 $11,805,18 1 418,127 11,646,025 $11,291,533 10,000,000 10,151,439 $9,631,811 $9,996,508 8,000,000 $7,784,453 6,000,000 4,000,000 2,000,000 0 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 8,625,756 \ $17,391,034 $12,840,35 10,946,536 $11,701,805 136,174 $9,590,586 $6,321,459 Jul-25 Aug-25 Sep-25 Net Change Cash by Year As of September 2025 -This Year -Last Year -Two Years Ago 15,000,000 10,000,000 5,000,000 (5,000,000) (10,000,000) (15,000,000) October November December January February March April May June July August September 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 (5,000,000) (10,000,000) (15,000,000) (20,000,000) 2013 Historic Drawdowns As of September 2025 —Delta Cash — Rolling 12-Month Cumulative Drawdown 2014 2015 2016 2017 2017 2018 2019 2020 2021 2022 2022 2023 2024 2025 CITY OF ELSEGUNDO 6. Economic Environment 5.5 5 4.93 4.75 4.5 4.38 4.2 4.87 4.15 US Treasury Yield Curve 4.73 4.65 4.51 1 4.43 4.32 Aqil 4.17 4.11 4.02 398 4.03 3.89 3.89 3.83 3.9 J.J 3 2.5 2 1.5 1 1 Mo 2 Mo 3 Mo 4 Mo 6 Mo 1 Yr 3.66 3.61 3.6 3.58 2 Yr 3 Yr 4.08 3.96 - 3.74 3.58 -September-24 -December-24 -March-25 -September-25 5 Yr US Treasury Maturity Through Time As of September 2025 7 6 4 3 2 Aug-13 Aug-14 Aug-15 Aug-16 Aug-17 Aug-18 Aug-19 Aug-20 Aug-21 Aug-22 Aug-23 Aug-24 Aug-25 -1 Mo -3 Mo -4 Mo -6 Mo -1 Yr -2 Yr -3 Yr -5 Yr Unemployment vs. Inflation As of August * (No official data for September) —Unemployment % —Inflation % 16 14 12 10 8 6 4 2 0 -2 -4 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10-Year Minus 3-Month Treasury Yield Spread As of September 2025 6.00 5.00 4.00 3.00 2.00 1.00 0.00 -1.00 -2.00 -3.00 1982 1983 1984 1986 1987 1989 1990 1991 1993 1994 1996 1997 1998 2000 2001 2002 2004 2005 2007 2008 2009 2011 2012 2014 2015 2016 2018 2019 2021 2022 2023 2025 5-Year Breakeven Inflation Prediction As of September 2025 4.00 3.00 2.00 1.00 0.00 -1.00 -2.00 -3.00 2003 2004 2005 2007 2008 2009 2011 2012 2014 2015 2016 2018 2019 2020 2022 2023 2025 CITY OF ELSEGUNDO 7. Annex Portfolio As of September 2025 Security Type Issuer Days to Maturity Coupon BookValue Market Value ParValue Unrealized P/L CaITRUST CAMP CaITRUST CAMP 1 '1 4.00% 4.41% 20,540,930 14,665,779 20,540,930 14,665,779 20,540,930 14,665,779 0 0 LAIF LAIF 1 4.26% 46,017 46,017 46,017 0 Cash Sweep Cash Sweep 11 3.80% 5,269,258 5,269,258 5,269,258 0 Cash Cash 1 0.45% 1,917,672 1,917,672 1,917,672 0 Certificate of Deposit ACHIEVE FINLCR UN BERLIN 140 4.64% 249,000 249,630 249,000 630 Certificate of Deposit ADVIA CR UN KALAMAZ0O MICH 1093 4.82% 248,000 257,476 248,000 9,476 Certificate of Deposit AFFINITY BK COVINGTON GA 350 4.52% 249,000 250,783 249,000 1,783 Certificate of Deposit ALASKA USA FED CR UN ANCHORA 890 4.50% 249,000 254,513 249,000 5,513 Certificate of Deposit ALL IN FED CR UN DALEVILLE AL 870 4.50% 249,000 254,386 249,000 5,386 Certificate of Deposit ALLIANTCR UN CHICAGO ILL5.1000% 91 5.09% 199,900 200,498 200,000 598 Certificate of Deposit ALLY BK SANDY UTAH 1 174 5.02% 243,000 244,295 243,000 1,295 Certificate of Deposit AMERICAN FIRST CR UN BREA 574 4.35% 249,000 251,642 249,000 2,642 Certificate of Deposit AUSTIN TELCO FED CR UN TEX 442 4.88% 248,000 251,524 248,000 3,524 Certificate of Deposit BMW BK NORTH AMER SALT LAKE 899 4.63% 244,000 250,242 244,000 6,242 Certificate of Deposit BANK FIVE NINE OCONOMOWOC WIS 902 4.54% 249,000 254,876 249,000 5,876 Certificate of Deposit BANK OF PERRY CNTY LOBELVILLE 974 4.109/6 249,000 257,969 249,000 8,969 Certificate of Deposit BANK PONTIAC ILL 575 4.22% 244,000 245,928 244,000 1,928 Certificate of Deposit BANK SIERRA PORTERVILLE CALIF 531 4.549/o 244,000 246,989 244,000 2,989 Certificate of Deposit BANK UTAH OGDEN UTAH 953 4.19% 249,000 252,715 249,000 3,715 Certificate of Deposit BANKERS BK MADISON WIS 785 4.20% 249,000 252,085 249,000 3,085 Certificate of Deposit BAXTER CR UN VERNON HILLS ILC D 1057 4.74% 248,000 256,501 248,000 8,501 Certificate of Deposit BEALBK PLANOTEX 1345 4.55% 244,000 25ZI25 244,000 8,125 Certificate of Deposit BEAL BK USA LAS VEGAS NEV 1345 4.55% 244,000 252,125 244,000 8,125 Certificate of Deposit BELLCO FEDERAL CR UN GREENWOOD 147 4.83% 248,000 248,873 248,000 873 Certificate of Deposit BLUE RIDGE BK MARTINSVILLE VA 167 4.98% 230,000 231,104 230,000 1,104 Certificate of Deposit BRENTWOOD BK BETHEL PK PA 168 4.73% 235,000 235,907 235,000 907 Certificate of Deposit BRIDGEWATER BK BLOOMINGTON MN 911 4.67% 249,000 255,825 249,000 6,825 Certificate of Deposit CIBC BK USA CHICAGO IL 175 4.979/6 243,000 244,249 243,000 1,249 Certificate of Deposit CALIFORNIA CR UN GLENDALE 146 4.49% 244,000 244,393 244,000 393 Certificate of Deposit CAPITALONE NATLASSN VA 730 4.25% 199,800 202,486 200,000 2,686 Certificate of Deposit CATTLEMENS BKALTUS OKLA 167 4.73% 249,000 250,223 249,000 1,223 Certificate of Deposit CELTIC BK SALT LAKE CITY UTAH 533 4.64% 249,000 252,471 249,000 3,471 Certificate of Deposit CFBANK FAIRLAWN OHIO 350 4.71% 248,000 250,242 248,000 2,242 Certificate of Deposit CHARTWAY FED CR UN VA BEACH VA 252 4.869/6 248,000 249,791 248,000 1,791 Certificate of Deposit CHEROKEE ST BK IOWA 157 4.54% 239,922 242,632 242,000 2,710 Certificate of Deposit CITIZENS BK INC ROBERTSDALE 167 4.87% 248,000 249,493 248,000 1,493 Certificate of Deposit CITIZENS ST BK LACROSSE WIS 906 4.59% 249,000 255,198 249,000 6,198 Certificate of Deposit CITY NATL BK LOS ANGELES 913 4.86% 243,000 250,186 243,000 7,186 Certificate of Deposit COASTLIFE CR UN CORPUS CHRISTI 136 4.64% 249,000 249,603 249,000 603 Certificate of Deposit CONNECTONE BK ENGLEWOOD 174 0.719/6 213,854 236,347 240,000 22,493 Certificate of Deposit COUNTY SCHS FED CR UN VENTURA 168 4.78% 248,000 249,014 248,000 1,014 Certificate of Deposit CROSS RIV BKTEANECK N J 231 4.63% 244,000 245,081 244,000 1,081 Certificate of Deposit CUSTOMERS BK PHOENIXVILLE PA 1821 4.97%j 243,000 244,3371 243,0001 1,337 Portfolio As of Seotember 2025 .Security Type Issuer Days to Maturity Coupon BookValue Market Value ParValue Unrealized P/L Certificate of Deposit CY FAIR FCU HOUSTON TEX 596 4.31% 249,000 251,575 249,000 2,575 Certificate of Deposit DEPARTMENT OF COMM FED CR UN 791 4.86% 246,669 254,964 248,000 8,295 Certificate of Deposit DISCOVER BK GREENWOOD 888 4.37% 241,897 248,531 244,000 6,634 Certificate of Deposit DORT FINLCR UN GRAND BLANC MI 8631 4.19%1 247,000 250,332 247,000 3,332 Certificate of Deposit EAGLEBANK BETHESDA MD 147 4.25916 238,205 244,161 244,000 5,956 Certificate of Deposit EMPOWER CU SYRACUSE N Y 1095 4.90% 248,000 258,195 248,0001 10,195 Certificate of Deposit ESSENTIAL FED CR UN BATON ROUG 1086 4.82% 248,000 257,417 248,000 9,417 Certificate of Deposit FNCB BK DUNMORE PA 584 4.26% 244,000 246,157 244,000 2,157 Certificate of Deposit FEDERAL SVGS BK CHICAGO IL 147 4.20% 244,829 249,237 249,000 4,407 Certificate of Deposit FIDELITY BK NEW ORLEANS LA 167 4.83% 249,000 250,001 249,000 1,001 Certificate of Deposit FIRST FED CR UN CEDAR RAPIDS 870 4.33% 249,000 253,250 249,000 4,250 Certificate of Deposit FIRST FNDTN BK IRVINECA 13301 4.47%1 244,000 251,1711 244,000 7,171 Certificate of Deposit FIRST NATL BK OF MICH 897 4.50% 249,000 254,553 249,000 5,553 Certificate of Deposit FIRST NATL BK DAMARISCOTTA ME 358 4.94% 248,000 250,899 248,000 2,899 Certificate of Deposit FIRSTST BK NEW LONDON WIS 528 4.59% 244,000 247,170 244,000 3,170 Certificate of Deposit FIRST UTD BK TR CO 496 3.99%1 195,0501 200,704 200,000 5,654 Certificate of Deposit FLAGSTAR BK NATL ASSN HICKSVIL 153 4.43% 241,365 244,903 244,000 3,538 Certificate of Deposit FORBRIGHT BK POTOMAC MD 1 6221 4.76%1 244,0001 248,5381 244,0001 4,538 Certificate of Deposit FREEDOM NORTHWEST CR UN KAMIAH 244 4.82% 249,000 249,679 248,000 1,679 Certificate of Deposit FREESTAR FINLCR UN CLINTON 8751 4.24% 249,000 252,690 249,000 3,690 Certificate of Deposit GEORGIA BKG CO 178 4.9396 243,000 244,222 243,000 1,222 Certificate of Deposit GOLD COAST BK CHICAGO ILL 722 4.61% 249,000 253,968 249,000 4,968 Certificate of Deposit GREAT NORTH BK FLORENCE WI 167 4.83% 244,000 245,037 244,000 1,037 Certificate of Deposit IGREENSTATE CR UN NORTH LIBERTY 28 4.75% 248,OOO, 248,1411 248,0001 141 Certificate of Deposit GREENWOOD MUN FED CR UN SOUTHH 609 4.40% 249,000 254,742 249,000 5,742 Certificate of Deposit GUARDIAN CREDIT UNION AL 1095 4.90% 248,000 258,195 248,000 10,195 Certificate of Deposit HONOLULU FIRE DEPT FED CR UN H 321 4.38% 249,000 250,297 249,000 1,297 Certificate of Deposit JOHN MARSHALL BK RESTON 3371 4.42% 248,502 250,477 249,000 1,975 Certificate of Deposit LEADERS CR UN JACKSON TENN 912 4.8496 248,000 256,010 248,000 8,010 Certificate of Deposit LIBERTY FIRST CR UN LINCOLN NE 856 4.28% 249,000 252,932 249,0001 3,932 Certificate of Deposit LUANA SVGS BK IOWA 168 4.39% 244,000 244,515 244,000 515 Certificate of Deposit LYONS NATL BK N Y 167 4.83% 244,000 245,037 244,000 1,037 Certificate of Deposit MAINE SVGS FCU HAMPDEN ME 1060 4.70% 248,000 256,184 248,000 8,184 Certificate of Deposit MANUFACTURERS TRADERS TR CO 533 4.77% 244,000 247,863 244,000 3,863 Certificate of Deposit MEDALLION BK UTAH 990 4.32% 249,000 253,813 249,000 4,813 Certificate of Deposit iCOMMUNITY HERITAGE FINL INC 5871 4.35%I 249,000 251,719 249,OOO1 2,719 Certificate of Deposit MIDWEST BK WESTN ILL MONMOUTH 174 4.98% 248,000 249,238 248,000 1,238 Certificate of Deposit MIN NWESTBK REDWOOD FALLS 580 4.21% 249,000 251,102 249,000 2,102 Certificate of Deposit MORGAN STANLEY PRIVATE BK NATL 1351 4.55% 244,000 252,091 244,000 8,091 Certificate of Deposit MOUNTAIN AMER FED CR UN WEST 210 4.68%1 249,000 250,1881 249,0001 1,188 Portfolio As of Seotember 2025 .Security Type Issuer Days to Maturity Coupon BookValue Market Value ParValue Unrealized P/L Certificate of Deposit NORTHWEST BK BOISE IDAHO 168 4.98% 248,000 249,240 248,000 1,240 Certificate of Deposit NUMERICA CR UN SPOKANE VY WA 244 4.72% 248,000 249,513 248,000 1,513 Certificate of Deposit ONE CMNTY BK ORE WIS 371 4.75% 248,000 250,525 248,000 2,525 Certificate of Deposit OREGON CMNTY CR UN EUGENE ORE 615 4.76% 248,000 252,692 248,000 4,692 Certificate of Deposit PEOPLES BK CO COLDWATER OHIO 533 4.64% 249,000 252,471 249,000 3,471 Certificate of Deposit PEOPLES SVGS BK WELLSBURG IOWA 524 4.36% 240,906 246,291 244,000 5,385 Certificate of Deposit PINNACLE BK NASHVILLETENN 220 4.58% 244,000 244,944 244,000 944 Certificate of Deposit POINT WEST CREDIT UNION 195 4.97% 243,000 244,402 243,000 1,402 Certificate of Deposit POPULAR BK NEW YORK BRH IN 170 4.73% 247,000 247,939 247,000 939 Certificate of Deposit PORTAGE BK BELLEVUE WASH 540 4.68% 249,000 252,705 249,000 3,705 Certificate of Deposit SANDYSPRING BK OLNEY MD 167 4.88% 244,000 245,093 244,000 1,093 Certificate of Deposit SAVANNAH BK NATLASSN N Y 9461 4.05%1 249,OOO1 251,766 249,000 2,766 Certificate of Deposit SAWYER SVGS BK SAUGERTIES 161 4.54% 243,177 245,671 245,000 2,494 Certificate of Deposit SECURITY ST BK WARROAD MINN 974 4.15% 249,000 257,962 249,000 8,962 Certificate of Deposit SIGNATURE FED CR UN ALEXANDRIA 251 4.77% 248,000 249,647 248,000 1,647 Certificate of Deposit SOUTHERN FIRST BK N A GREENVILLE S C 423 4.56% 249,000 251,400 249,0001 2,400 Certificate of Deposit SOUTHERN MICH BK TR 769 4.06% 249,000 251,268 249,000 2,268 Certificate of Deposit 'SOUTHERN BK POPLAR BLUFF MO 1 960 4.14%1 249,000 252,429 249,0001 3,429 Certificate of Deposit ST VINCENTS MED CTR CR UN BRDI 624 4.53% 249,000 252,760 249,000 3,760 Certificate of Deposit STATE BK INDIA NEW YORK N Y 8811 4.42% 244,000 248,634 244,000 4,634 Certificate of Deposit STATE EMPLOYEES CR UN SANTA FE 601 4.72916 248,000 252,377 248,000 4,377 Certificate of Deposit SYNCHRONY BK RETAILCTF DEP 324 0.92% 219,540 241,909 248,000 22,370 Certificate of Deposit TOYOTA FINLSVGS BK HEND NV 1332 4.4791. 244,000 251,178 244,000 7,178 Certificate of Deposit TRISTATE CAP BK PITTSBURGH PA 181 4.97%1 243,OOO, 244,344, 243,0001 1,344 Certificate of Deposit TRULIANT FED CR UN WINSTON SAL 514 4.45% 249,000 251,659 249,000 2,659 Certificate of Deposit TUCSON FED CR UN ARIZ 1 10741 4.82% 248,000 257,317 248,0001 9,317 Certificate of Deposit USALLIANCE FCU RYE NEW YORK 969 4.45% 249,000 254,665 249,000 5,665 Certificate of Deposit UBS BK USA SALT LAKE CITY UT 9751 4.29%1 249,000 258,240 249,000 9,240 Certificate of Deposit UNITED FID BK FSB EVANSVILE 546 4.82916 248,000 252,280 248,000 4,280 Certificate of Deposit UNITED ROOSEVELT SVGS BK 596 4.35% 249,000 251,771' 249,0001 2,771 Certificate of Deposit UNIVERSITY BK ANN ARBOR MICH 916 4.71% 248,000 255,123 248,000 7,123 Certificate of Deposit UNIVEST NATL BK TR SOUDERTON PA 948 4.05% 249,000 251,771 249,000 2,771 Certificate of Deposit UTAH CMNTY CR UN PROVO UTAH 209 4.58% 249,000 250,071 249,000 1,071 Certificate of Deposit UTAH FIRST FED CREDIT 1018 4.55% 248,000 259,118 248,000 11,118 Certificate of Deposit VALLEYSTAR CR UN MARTINSVILLE 902 4.63% 248,000 254,441 248,000 6,441 Certificate of Deposit VIBRANT CREDIT UNION 3631 5.32%I 248,000 251,9131 248,OOO1 3,913 Certificate of Deposit VIKING BK NATLASSN ALEXANDRIA 164 4.649,6 249,000 249,757 249,000 757 Certificate of Deposit VISIONS FED CR UN ENDWELL NY 364 5.41% 248,000 252,166 248,000 4,166 Certificate of Deposit WELLS FARGO BANK NATLASSN CD 605 4.76% 248,000 252,610 248,000 4,610 Certificate of Deposit SAN FRANCISCO FED CR UN CA 8561 4.28% 216,0001 219,3891 216,0001 3,389 Portfolio As of September 2025 Security Type Medium Term Note Medium Term Note Issuer Days to ALTRIA GROUP INC IAMAZON COM INC Maturity Coupon 1233 792 BookValue 4.73% 4.48% MarketValue 498,875 997,630 Par Value 507,750 1,015,0101 Unrealized 500,000 1,000,000 P/L 8,875 17,380 Medium Term Note AMERICAN HONDA FIN CORP 834 4.64% 997,794 1,012,390 11000,000 14,596 Medium Term Note APPLE INC 861 1.27% 427,219 471,3857 500,000 44,166 Medium Term Note ASTRAZENECA FINANCE LLC LP 240 1.22% 501,040 491,035 500,000 -10,005 Medium Term Note BANK OF AMERICA CORP 201 3.51% 554,155 498,435 500,000 -55,720 Medium Term Note BANK OF NY MELLON CORP 1423 3.41% 470,619 483,815 500,000 13,196 Medium Term Note BANK NOVA SCOTIABC 527 3.00% 926,343 994,760 11000,000 58,417 Medium Term Note BLACKROCK FUNDING 1261 4.59•9 504,750 511,445 500,000 6,695 Medium Term Note CIGNA CORP 46 4.13% 564,210 499,715 500,000 -64,495 Medium Term Note CANADIAN IMP BK COMM 554 3.48% 948,186 992,300 11000,000 44,114 Medium Term Note ICITIGROUP INC 1 2131 3.41% 550,715 498,035 500,000 -52,680 Medium Term Note COMCASTCORP 472 2.40'9 917,335 980,060 11000,000 62,725 Medium Term Note DEERE JO H N CAPITAL 1 8421 4.669/o 1,004,330 1,019,170 1,000,000 14,840 Medium Term Note DEUTSCHE BK AG N Y 709 5.24% 1,005,611 1,024,930 11000,000 19,319 Medium Term Note HONEYWELL INTERNATIONAL 1415 2.83% 463,350 476,275 500,000 12,925 Medium Term Note INTELCORP 133 4.87% 998,520 1,002,020 11000,000 3,500 Medium Term Note I NTERCONTI N ENTAL EXCHAN GE 1 62 3.75% 557,000 499,490 500,000 -57,510 Medium Term Note IBMCORP 837 6.17% 1,076,510 1,053,280 11000,000 -23,230 Medium Term Note MEAD JOHNSON NUTRITION C 1 46 4.13% 565,170 499,675 500,000 -65,495 Medium Term Note MERCKCOINC 1254 3.47% 478,950 489,855 500,000 10,905 Medium Term Note MITSUBISHI UFJ FIN GRP 348 2.79% 924,800 988,010 11000,000 63,210 Medium Term Note MORGAN STANLEY 119 3.88% 561,240 499,155 500,000 -62,085 Medium Term Note PNCBANKNA 1483 2.87% 451,836 470,420 500,000 18,584 Medium Term Note PEPSICO INC 1398 2.76% 461,174 475,855 500,000 14,682 Medium Term Note IPHILIP MORRIS INTL INC 1 1493 4.56% 497,070 507,410 500,000 10,340 Medium Term Note REGENCY CENTERS LP 1446 3.09% 460,790 477,400 500,000 16,610 Medium Term Note ROYAL BKCDA 581 3.64% 951,709 995,730 11000,000 44,021 Medium Term Note SCHWAB CHARLES CORP 1509 5.84% 527,175 530,640 500,000 3,465 Medium Term Note SIMON PROPERTY GROUP LP 1444 2.61% 451,535 469,400 500,000 17,865 Medium Term Note STRYKER CORP 32 3.38% 548,175 499,425 500,000 -48,750 Medium Term Note SUMITOMO MITSUI FINLGRP 839 3.58% 934,451 989,330 1,000,000 54,879 Medium Term Note TARGETCORP 1293 3.45% 479,200 489,760 500,000 10,560 Medium Term Note 3MCOMPANY 1 1426 2.54% 450,960 468,255 500,000 17,295 Medium Term Note TORONTO DOMINION BANK 832 5.04% 1,005,769 1,023,780 11000,000 18,011 Medium Term Note TOSCO CORP 4581 7.49% 1,107,960 1,040,810 1,000,000 -67,150 Medium Term Note TOYOTA MTR CR CORP FR 771 5.29% 1,030,896 1,030,530 11000,000 -366 Medium Term Note JUSBANCORP 1 13991 3.13% 462,653 478,4907 500,000 15,837 Medium Term Note UNITEDHEALTH GROUP INC 76 3.70•9 560,625 499,475 500,000 -61,150 Medium Term Note WELLS FARGO COMPANY 1 6601 4.2851. 975,500 1,003,5201 1,000,000 28,020 US Treasury U S TREASURY NOTE 638 0.53% 10,359,844 11,367,720 12,000,000 1,007,876 US Treasury U S TREASURY NOTE 273 0.89% 10,811,885 11,744,400 12,000,000 932,515 US Treasury U S TREASURY NOTE 1704 3.75% 11,950,547 12,008,400 12,000,000 57,853 US Treasury U S TREASURY NOTE 1004 3.96% 11,883,125 12,117,720 12,000,000 234,595 US Treasury U S TREASURY NOTE 1369 4.17% 12,017,250 12,238,560 12,000,000 221,310 Total 156,429,754 159,477,786 159,638,656 3,048,032 CITY OF ELSEGUNDO I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on 10/1/22. A copy of this policy is available in the office of the City Clerk. The investment program herein shown provides sufficient cash flow liquidity to meet the next six months estimated expenditures. Sources for the valuations are as follows: Federal Agency Issues, Treasury Securities and Miscellaneous Securities: U.S. Bank, the custodial agent for the City of ElSegundo. Detailed information on all purchase and sale transactions follows the Investment Portfolio Details section. As of July 2025, reported Book Value and Cost Basis for CalTRUST holdings now includes realized gains. Paul Chung, CFO/City Treasurer Date