2026-03-03 CC Agenda Packet - ITEM D7 - December 2025 Investment Portfolio ReportCITY OF
ELSEGUNDO
City of El Segundo
Investment Portfolio Report
December 2025
Certified By:
Chief Financial Officer / City Treasurer
CITY OF
ELSE GUNDO
Table of Contents
1. CMTA Certification of City Investment Policy
2. Portfolio
3. Transactions
4. Compliance
5. LAI F
6. City Cash Flows
7. Economic Environment
8. Annex
ELSEGUNDO
CITY OF
ELSEGUNDO
1. City of El Segundo
Investment Policy
Certified by CMTA
C MTA
California Municipal
Treasurers Association
CAIIFORHIA REPUBLIC
Issued on 12/12/2025
City of El Segundo
The California Municipal Treasurers Association certifies that the
investment policy of the City of M Segundo complies %%- i t I, the current
State statutes goveming the investment practices of local
government c i i t i ties located within the State of California.
"-' 4�
12/12/2025
Date
CITY OF
ELSE GUNDQ
2. Portfolio
Investment by Security Type - December 2025
Portfolio Book ValuE
$156,806,298
Cash
$6,835.22
4%
Cash Sweep
$4,102,452
3%
LAI F
$46,52
0%
Medium Term Note
Certificate of Deposit
a US Treasury
CaITRUST
■ CAMP
o LAIF
Cash Sweep
Cash
U) $60
O
WE
$50
$40
$30
$20
$10
$26 $26
i
Government Medium Term Municipal Bond Certificate of US Treasury
Agency Note Deposit
Portfolio Summary
As of December 2025
$60
$30 $31
$21 $21
$12 $12
$7 $7
$4 $4
$0 $0 M I
CalTRUST CAMP LAIF Cash Sweep Cash
■ Book Value ■Market Value
Portfolio Weighted Average Yield
5 0%
4.51 %
4 5%
4.03%
3.92%
3.95%
4.03%
4.0%
3.60%
3.5%
3.00 0
2.65%
2 5%
2 0%
1.5%
1.0%
0.5%
0.45%
0 0%
Government
Medium Term Municipal Bond
Certificate of US Treasury CaITRUST
CAMP
LAIF
Cash Sweep
Cash
Agency
Note
Deposit
Portfolio Weighted Average Maturity
300
2.48
2.50
203
200
1.50
1.42
1.00
050
N/A
N/A
000
0.00
0.00
0.00
000
0.00
Government
Medium Term Municipal Bond
Certificate of US Treasury CalTRUST
CAMP
LAIF
Cash Sweep
Cash
Agency
Note
Deposit
Total Portfolio
as of December 2025
200
En
C:
0
F�
180
iRIS"
140
.....................................
120
............... ........
100 x
M
40
Dec-20 Dec-21 Dec-22
0( ............
...........
L11111F.Mp
Dec-23
Dec-24
................
�$156,806,298
Dec-25
Portfolio Through Time
Reserve Liquidity
N $140
0
$120
$100
I'
$60
$40
$20
1124
1174
$0
Dec-20 Apr-21 Aug-21 Dec-21 Apr-22 Aug-22 Dec-22 Apr-23 Aug-23 Dec-23 Apr-24 Aug-24 Dec-24 Apr-25 Aug-25 Dec-25
En $150
0
$100
$50
$0
100%
80%
60%
40%
20%
0%
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Dec-20 Apr-21
Portfolio Through Time
—Reserve —Liquidity
Weighted Average Maturity
$112.7
$44.1
72%
28%
2.13
0
Aug-21 Dec-21 Apr-22 Aug-22 Dec-22 Apr-23 Aug-23 Dec-23 Apr-24 Aug-24 Dec-24 Apr-25 Aug-25 Dec-25
N $30
0
$25
$20
$15.7
$15
$10
$8 6
$5
$28.51
$5.4
Reserve Portfolio Ladder by Quarter (in Millions)
As of December 2025
$17.2
$27.8
$9.7
$14.5
$3.0 $1 2 $2.4 $2.7
$2.0
$o
■ 0 111 E $�z IT rIj IN INN IT Cb
0.2
r ,Lo ro ,Lo ,tio ro ,tio rti ro ro ro r
$26.
$13.7
$20.�
1$12.0
$13.2
$3.5
$1.5 $1.5 $1 2
0�0,�4 o�o,L4 0�0�4 o`io�0 o�orV 000�C3
� ti r ti ti ti
14
_o
12
10
8
6
4
2
$12.5
$4.0
2026
Ladder Diversification
As of December 2025
Certificate of Deposit Government Agency Medium Term Note Municipal Bond o US Treasury
$12.0
$6.8
$9.0
2027
$12.0 1
$8.9
$5.5
2028
$12.0
$7.0
$1.2
2029
$12.0
$0.7 $0.5
2030
$12.0
0
$30
$25
$20.8
$20
$15
$12.3
$10
$5
$0.0
CaITRUST CAMP LAIF
Liquidity
G. ,
Cash
Sweep
Investments by Maturity Date
As of December 2025
$6.8
Cash
$27.5
$16.1
$26.8
$20.4
$13.3
$8.1
$3.7
$0.5
<30 Days 31 to 90 91 to 180 181 to 365 1 to 2 Years 2 to 3 Years 3 to 4 Years 4 to 5 Years
Days days Days Reserve
CITY OF
ELSEGUNDO
3. Transactions
Transaction Summary
Prior 3 Months
Interest Earned Maturities (Purchases)
m 20
O
1.5 $1.5
1.0
0.5
$0.2 $0.2 $0.3
0.0 .�
($0.2)
-0.5
-1.0
($1.2)
-1.5
Oct-25 Nov-25
Dec-25
($0.5)
ta
20
C
O
15
10
5
$0.4
0
-5
-10
Interest Received
As of December 2025
Interest Earned Maturities (Purchases)
$3.0
$0.7 $2.0 $1.0 $0.9
$0.2 10.4 ■ $0.3 - $0 4
$13.7
15
Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25
$1.5 $1.2
$� $0.2 $� $� $� $0.2 $0.2 $0.3 $1.0
($0.2) ($0.5)
($1.2)
($12.0)
Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25
14
12
10
0
1.9
M
2
INI
1
Investment Purchases & Liquidity Investments
■ Purchases ® Liquidity Investments
"It
I,<°lp
� 1 �
CITY OF
ELSE GUNDO
4. Compliance
Asset Class Compliance
As of December 2025
r 1 - in.L
i;
i;eignx
:.. 1 ai ue
mametialue
ParTalue,
CaITRUST
Y
100000
12.95%
$20,767,228
$20,767,228
$20,767,228
CAMP
Y
100%
7.68%
_ _
$12,311,753
_
$12,311,753
$12,311,753
LAIF
Y
1000/0
0.03%
$46,520
$46,520
_546,520
Cash Sweep
Y
100%
2.56%
$4,102,452
$4,102,452
$4,102,452
Cash
Y
1000/0
4.26%
$6,835,222
$6,835,222
$6,835,222
Government Agency
Y
100%
0.00%
$0
$0
$0
,Medium Term Note
Y
30%
16.21%
$25,562,757
$25,991,570
$26,000,000
Municipal Bond
Y
100000
0.00%
$0
$0
$0
Certificate of Deposit _
Y
30%
19.07%
_ $30,157,716
$30,585,348
$30,241,000
US Treasury
Y
1000/0
37.25%
$57,022,651
$59,750,520
$60,000,000
Totals
100.00%
$156,806,298
$160,390,612
$160,304,174
Analysis of B-Rated Medium Term Notes
7Rating
3M COMPANY
08/26/2029
BBB+
A3
Upgraded to BBB+ March 2025 due to reduced leverage exposure; Short -Term debt rating is A-2
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
BAA2
Government investment makes possible distress unlikely; maturing in February 2026
WELLS FARGO
07/22/2027
BBB
A3
S&P Outlook listed as positive, Moody's A3, Fitch rating is A-
CITY OF
ELSE GUNDG
5. LAIF
14
12
10
�:3
0
0
04
0
1977 1980 1983
LAIF Apportionment Rates
As of December 2025
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 - T, _
0
Dec-20 Jun-21 Dec-21 Jun-22
400
350
300
250
200
150
100
50
0
Dec-20
LAIF % Diagnostics
Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25
Daily Quarter to Date
LAIFAverage Maturity (Days)
Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25
CITY OF
ELSEGUNDO
6. City Cash Flows
N 22
C
O
20
18
16
14
12
10
8
6
4
2
0
15.3
Rolling 13-Month Cash Flow Analysis
As of December 2025
Credits Debits
18.6
17.8
$17.4
$16.0
$12.2
$11.6
10.2
1
$14.3
2.8 $12.6
11.7
10. $ .8
9.6
$7.9
'�$6.3
Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25
10 $10.6
$7.3
5 $5.3
(5)
(10)
�$8.1
7 $5.4
�-
$4.6
$2.5
Net Change Cash by Year
As of December 2025
—This Year —Last Year -----Two Years Ago
$12.5
$9.4
$5.8
-$1.4
-$3.1 /
$2.5
$2.4
$1.8 -$0
-$1
-$3.9
-$5.4
$3.1
$1.7
(15)
January February March April May June July August September October November December
Historic Drawdowns
As of December 2025
—Delta Cash Rolling 12-Month Cumulative Drawdown
N 30
C
O
25
20
15
10
5
(5)
(10)
(15)
(20)
2013 2014 2015 2016 2017 2018 2018 2019 2020 2021 2022 2023 2023 2024 2025
CITY OF
ELSEGUNDO
7. Economic Environment
US Treasury Yield Curve
5
4.75
4.63
4.51
4.51
4.5
4.28
4.45
.41---
436
4.2
4.15
4.02
4
.98
3.74
3.67
3.67
3.63
3.5
3
2.5
2
1.5
1
1 Mo
2 Mo
3 Mo
4 Mo
4.43
4.29 4.3
3.96
3.68
3.59
� 3.48
4.17
3.72
rs-
4.11
3.68
3.55
4.08
3.79
3.74
3.73
-December-24
June-25
September-25
-December-25
6 Mo 1 Yr 2 Yr 3 Yr 5 Yr
Unemployment vs. Inflation
Through December 2025
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 December 2025
4.0
3.0
2.0
1.0
FI
-1.0
-2.0
-3.0
2010 2012 2013 2015 2016 2018 2019 2021 2022 2024 2025
5-Year Breakeven Inflation Prediction
As of December 2025
O�
3.50
3.00
2.50
2.00
1.50
1.00
0.50
0.00
2010 2012 2013 2015 2016 2018 2019 2021 2022 2024 2025
CITY OF
ELSE GUNDO
8. Annex:
Portfolio Compliance &
Full Portfolio Listing
Rating Compliance
As of December 2025
CdML)ST
CaITRUST
CaITRUST
AA-F
NIA
Y
20,767,228
12.95%
300.00%
CAMP
CAMP
CAMP
AAAm
N/A
Y
12,311,753
7.68%
100-00%
Cash Sweep
Chase
Cash Sweep
N/A
N/A
Y
4,102,452
2.56%
100.001Y.
Medium Term Note
3MCOMPANY
88S79YB19
BBB+
A3
Y
471,355
0.29%
1.00%
Medium Term Note
ALTRIA GROUP INC
022095BD4
BBB+
A3
Y
508,545
0.32%
1.00%
Medium Term Note
AMAZON COM INC
023135CP9
AA
Al
Y
1,016,520
0.63%
1.00%
Medium Term Note
AMERICAN HONDA FIN CORP
02665WED9
A-
A3
Y
1,013,560
0.63%
1.001/
Medium Term Nate
APPLE INC
037833ECO
AA+
AAA
Y
475,560
0 30%
1 00%
Medium Term Note
ASTRAZENECA FINANCE LLC LP
04636NAAl
A+
Al
Y
494,885
0.31%
LOW.
Medium Term Note
BANK NOVA SCOTIA B C
06418BAE8
A-
A2
Y
989,230
0.62%
1.00%
Medium Term Note
BANK OF AMERICA CORP
06051GFX2
A-
Al
Y
499,355
0.31%
1.00%
Medium Term Note
BANK OF NY MELLON CORP
06406YAAO
A-
A2
Y
485,610
0.30%
1.00%
Medium Term Note
BLACKROCK FUNDING
09290DAA9
AA-
AA3
Y
511,110
0.32%
1.001/
Medium Term Note
CANADIAN IMP BK COMM
13607HR61
A-
A2
Y
994,920
0.62%
1.00%
Medium Term Note
CITIGROUP INC
172967KNO
BBB+
A3
Y
499,055
0.31%
1.001/
Medium Term Note
COMCASTCORP
20030NBWO
A-
A3
Y
994,590
0.61%
1.00%
Medium Term Note
DEERE JOHN CAPITAL
24422EWR6
A
Al
Y
1,019,150
0.64%
L001A
Medium Term Note
DEUTSCHE BK AG N Y
25160PAM9
A
Al
Y
1,023,790
0.64%
2.00%
Medium Term Nate
HONEYWELL INTERNATIONAL
438516BU9
A
A2
Y
477,135
0.30%
L00%
Medium Term Note
IBMCORP
45920DASO
A-
A3
Y
2,049,710
0.65%
L00%
Medium Term Note
INTEL CORP
458140CDO
BBB
BAA2
Y
1,000,630
a62%
LOD%
Medium Term Note
MERCKCOINC
58933YAX3
A+
AA3
Y
492,035
0.31%
LOD%
Medium Term Note
META PLATFORMS INC
30303MABB
AA-
AA3
Y
SO11055
0.31%
1.00%
Medium Term Note
MITSUBISHI LIN FIN GRP
60682ZA13
A-
Al
Y
9911860
0.62%
1.00%
Medium Term Note
MORGAN STANLEY
61746BDZ6
A-
Al
Y
499,930
0.31%
1.001/
Medium Term Note
PEPSICO INC
713448EL8
A+
Al
Y
477,235
0.30%
1.00%
Medium Term Note
PHILIP MORRIS INTL INC
718172DN6
A-
A2
Y
508,490
0.32%
1.00%
Medium Term Note
PNC BANK NA
69349LAS7
A-
A2
Y
472,140
0 29%
1.00%
Medium Term Note
REGENCY CENTERS LP
75884RAZ6
A-
A3
Y
479,500
0.30%
1.001/
Medium Term Note
ROYAL BK CDA
78016EZD2
A
Al _
Y
998,850
0.62%
1.00•�
Medium Term Note
SCHWAB CHARLES CORP
80851302
A-
A2 _
Y
528,820
0.33%
LOD%
Medium Term Note
SIMON PROPERTY GROUP LP
828807DF1
A
A3
Y
472,650
0.29%
1.00%
Medium Term Note
SUMITOMO MITSUI FINLGRP
86562MAY6
A-
Al
Y
991,740
0.62%
1-00%
Medium Term Note
TARGETCORP
87612EBHS
A
A2
Y
491,260
031%
1.00%
Medium Term Note
TORONTO DOMINION BANK
89115A2M3
A-
A2
_ Y
1,022,640
0.64%
1.00%
Medium Term Note
TOSCO CORP
891490AR5
A-
A2
Y
1,033,390
0.64%
1.00%
Medium Term Note
TOYOTA MTR CR CORP FR
89236TKLB
A+
Al
Y
1,029,890
0.64%
1.00%
Medium Term Note
US BANCORP
91159HHW3
A-
A3
Y
481,475
0.30%
1.00%
Medium Term Nate
WELLS FARGO COMPANY
94974BGL8
BBB
A3
Y
1,003,900
0.63%
1.00%
US 1,(•dtiuv
US TREASURY NOTE
912828ZV5
AA1
Y
11,482,920
716%
10000%
US Treasury
U S TREASURY NOTE
91282CCJB
N/A
AA1
Y _
11,843,880
7.381/
300.00%
USTreasury
U S TREASURY NOTE
91292CHKO
N/A
AA1
Y
12,140,640
7.57%
100.00%
USTreasuty
U 5 TREASURY NOTE
91282CHF1
N/A
AA1
Y
12,029,520
7.5091.
100.00%
US Treasury
U STREASURY NOTE
91282CKX8
N/A
AA1
Y
12,253,560
7.649/6
100 00%,
Portfolio
As of December 2025
Issuer Days
to MaWrltV Coupon
BookValue
Market
Value ParValue
UnreallzedPA
CaITRUST
CaITRUST
1
3.96%
20,767,228
20,767,228
20,767,228
0
CAMP
CAMP
1
4.26%
12,311,753
12.311,753
12,311,753
0
LAIF _
LAIF
1
4.15% _
46,520
46,520
46,520
0
Cash Sweep
Cash Sweep
1
3.71%
4,102,452
4,102,452
4,102,452
0
Cash
Cash
1
0.45%
6,835,222
6,835,222
6,835,222
0
Certificate of Deposit
ACHIEVE FINL CR UN BERLIN
48
4.65%
249,000
249,244
249,000
244
Certificate of Deposit
ADVIA CR UN KALAMAZOO MICH
1001
4.84%
248,000
255,96E
248,000
7,968
Certificate of Deposit
AFFINITY BK COVINGTON GA
258
4.52%
249,000
25D,65R
249,000
1,658
Certificate of Deposit
ALASKA USA FED CR UN ANCHOR_A
798
4.52%
249,000
253.594
249,000
4,594
Certificate of Deposit
ALL IN FED CR LIN DALEVILLE AL
778
4.52%
249,000
253,499
249,000
4,499
,Certificate of Deposit
ALLY BK SANDY UTAH
82
5.04%
243,000
243,634
243,000
634
Certificate of Deposit
AMERICAN FIRST CR UN BREA
482
4.369/
249,000
251,483
249,000
2,483
Certificate of Deposit
AUSTIN TELCO FED CR UN TEX
350
4.89%
248,000
251,187
248,000
3,187,
Certificate of Deposit
BANK FIVE NINE OCONOMOWOC WIS
810
4.561A
249,000
253,913
249,000
4,913
Certificate ofOepeslt _
_ BANK OF PERRY CNT_YLOBELVILLE
982
4.1251
249,000
256,664
249,000
7,664
Certificate of Deposit
BANK PONTIAC ILL
483
4.22%
244,0D0
245,911
244,000
1,911
Certificate of Deposit
_ BANK SIERRA PORTERVILLE CALIF
439
4.55%
244,000
_ 246,799
244,000
2,799
Certificate of Deposit
BANK UTAH OGDEN UTAH
861
4 20%
249,000
251,901
249,000
21901
,Certificate of Deposit
BANKERS BK MADISON WIS
693
4.21%
249,000
251,535
249,000
2,535
Certificate of Deposit
BAXTER CR UN VERNON HILLS IL C D
965
4.76%
248,000
255,125
248,000
7,125
Certificate of Deposit
BE_AL BK PLANO TEX
1253
4.57%
244,000
250,986
244,000
6,986
Certificate of Deposit
BEAL BK USA LAS VEGAS NEV
1253
4.57%
244,000
250,986
244,000
6,986
Certificate of Deposit
BELLCO FEDERAL CR UN GREENWOOD
55
4.849%
248,000
248,355
248,000
355
Certificate of Deposit
BLUE RIDGE BK MARTINSVILLE VA
7S
4.99%
230,000
230.527
230,000
522
Certificate of Deposit
BMW BK NORTH AMER SALT LAKE
807
4.65%
244,000
249,258
244,000
5,258
Certificate of Deposit
BRENTWOOD BK BETHEL PK PA
76
4 74%
235,000
235,444
235,000
444
Certificate of Deposit
BRIDGEWATER BK_BLOOMINGTON_MN_
819
4.69%
249,000
254,759
249,000
5,759
Certificate of Deposit
CALIFORNIA CR UN GLENDALE
54
4.50%
244,000
244,120
244,000
120
Certificate of Deposit
CAPITA_LONE_NATLASSN_VA
638
4.26%
199,800
202,080
200,000
2,280
Certificate of Deposit
CATTLEMENS BK ALTUS OKLA
75
4 74%
249,000
249,588
249,000
588
Certificate of Deposit
CELTIC BK SALT LAKE CITY UTAH
441
4.64%
249,000
252,202
249,000
3,202
Certificate of Deposit
CFBANK FAIRLAWN OHIO
258
4.71%
248,000
249,996
248,000
1,996
Certificate of Deposit
CHARTWAY FED CR UN VA BEACH VA_
160
4,87%
_248,000
249,302
248,000
1,302
Certificate of Deposit
CHEROKEE ST BK IOWA
65
4.54%
239,922
242,312
242,000
2,390
Certificate of Deposit
CIBC BK USA CHICAGO IL _ _ _
83
4.99%
243,001)
243,615
243,000
615'
Certificate of Deposit
CITIZENS BK INC ROBERTSDALE
75
4.89%
248,000
248,675
248,000
675
Certificate of Deposit
CITIZENS ST BK LACROSSE WIS
814
4.603%
249,000
254,197
249,000
5,197,
Certificate of Deposit
CITY NATL BK LOS ANGELES
921
4.88%
243,000
249,046
243,000
6,046
Certificate of Deposit
COASTLIFE CR UN CORPUS CH_RISTI
44
4.65%
249,000
249,219
249,000
219
Certificate of Deposit
COMMUNITY HERITAGE FINL INC
49S
4.36%
249,000
251,535
249,000
2,535
Certificate of Deposit
CONNECTONE BK EN_GLEWOOD
82
0.71%
_ 213,854
238,282
240,000
24_,427
Certificate of Deposit
COUNTY SCHS FED CR UN VENTURA
76
4.79%
248,000
248,494
248,000
494
Certificate of Deposit
CROSS RIV BK TEANECK N 1
139
4.63%
244,000
244,932
244,000
832'
Certificate of Deposit
CUSTOMERS BK PHOENIXVILLE PA
90
4 99%
243,000
243.637
243,000
637
Certificate of Deposit
_ CY FAIR FCU HOUSTON TEX
504
4.31%
249,000
251,405
249,000
2,405
Certificate of Deposit
DEPARTMENT OF COMM FED CR UN
699
4.89%
246,669
253,969
248,000
7,300
Portfolio
SecudtyType
As of December 2025
Certificate of Deposit
Issuer D.
DISCOVER BK GREENWOOD
796
4.3851.
241,897
247,741
244,000
5,843:
Certificate of Deposit
DORT FINL CR UN GRAND BLANC MI
771
4.20%
247,000
249,697
247,000
2,697
Certificate of Deposit
EAGLEBANK BETHESDA MD
55
4.25%
238,205
244,039
244,000
5,834
Certificate of Deposit
EMPOWER CU SYRACUSE N Y
1003
4.93%
248,000
256.628
248,000
8,628
Certificate of Deposit
ESSENTIAL FED CR UN BATON ROUG
994
4.85%
248,000
255,924
248,000
7,924
Certificate of Deposit
FEDERAL SVGS BK CHICAGO IL
55
4.20%
244,829
249,120
249,000
4,290
Certificate_ of Deposit
FIDELITY BK NEW ORLEANS LA
75
4.8451
249,000
249,448
249,000
448
Certificate of Deposit
FIRST FED CR UN CEDAR RAPIDS
778
4.34%
249,000
252,481
249,000
3,481
Certificate of Deposit
FIRST FNDTNB_KIRVINECA
1238
4.49%
244,000
250,124
244,000
6,124
Certificate of Deposit
FIRST NATL BK DAMARISCOTTA ME
266
4.95%
248,000
250,515
248,000
2,515
Certificate of Deposit
FIRST NATL BKOFM_ICH
805
4.52%
249,000
253,626
249,000
4,6261'
Certificate of Deposit
FIRSTST BK NEW LONDON WIS
436
4.59%
244,000
246,952
244,000
2,952
Certificate of Deposit
FIRST UTD BK TR CO
404
3.98%
195,050
200,860
200,000
5,810'
Certificate of Deposit
FLAGSTAR BK NATLASSN HICKSVIL
61
4.44%
241,365
244,415
244,000
3,050
Certificate of Deposit
FNCB BK DUNMORE PA
492
4.26%
244,000
246,155
244,000
2,155
Certificate of Deposit
FORBRIGHT BK POTOMAC MD
530
4.77%
244,000
248,107
244,000
4,107
Certificate of Deposit
FREEDOM NORTHWESTC_R UN KAMIAH
152
4.83%
248,000
249,235
248,000
1,235
Certificate of Deposit
FREESTAR FINLCR UN CLINTON
783
4.25%
249,000
251,968
249,000
2,968
Certificate of Deposit
GEORGIA BKG CO_
86
4.94%
243,000
243,610
243,000
610'
Certificate of Deposit
GOLD COAST BK CHICAGO ILL
630
4.62%
249,000
253,268
249,000
4,268
Certificate of Deposit
GOLDMAN SACHS BK USA NEW Y_OR_K _
1769
3.77%
245,000
243,653
245,000
.1,348
Certificate of Deposit
GREAT NORTH BK FLORENCE WI
75
4.84%
244,000
244,512
244,000
512
Certificate of Deposit
GREENWOOD MUN FED CR UN SOUTHH
517
4.41%
249,000
254,090
249,000
51090
Certificate of Deposit
GUARDIAN CREDIT UNION AL
1003
4 93%
248,000
256,628
248,000
8,628'
Certificate of Deposit
HONOL_ULU_FIRE DEPT FED CR_UN H
229
4.38%
249,000
250,228
249,000
1,228
Certificate of Deposit
JOHN MARSHALLBK RESTON
245
4.43%
248,502
250,394
249,000
1,892
Certificate of Deposit
LEADERS CR UN JACKSON TENN
820
4.87%
248,000
254,867
248,000
6,867',
Certificate of Deposit
LIBERTY FIRST CR UN LINCOLN NE
764
4 29%
249,000
252,212
249,000
3,212
Certificate of Deposit
LUANA SVGS BK IOWA
76
4.40%
244,000
244,264
244,000
264'
Certificate of Deposit
LYONS NATL BK N Y
75
4.84%
244,000
244,512
244,000
512
Certificate of Deposit
MAINE SVGS FCU HAMPDEN ME
968
4.72%
248,000
254,830
248,000
6,830I
Certificate of Deposit
MANUFACTURERS TRADERS TR CO
441
4.781/.
244,000
247,523
244,000
3,523
Certificate of Deposit
MEDALLION BK UTAH
898
4.33%
249,000
252,847
249,000
3,8471
Certificate of Deposit
MIDWEST BK WESTN ILL MON MOUTH
82
4.99%
248,000
248,580
248,000
580'
Certificate of Deposit
MINNW_EST_BK REDWOOD FALLS
498
4.22%
249,000
251,022
249,000
2,022
Certificate of Deposit
MORGAN STANLEY PRIVATE BK NATL
1259
4.57%
244,000
250,956
244.000
6,956
Certificate of Deposit
MOUNTAIN AMER FED CR UN WEST
118
4.69%
249,000
249,740
249,000
740
Certificate of Deposit
NORTHWEST BK BOISE IDAHO
76
4.99%
248,000
248,598
248,000
598
Certificate of Deposit
NUMERICA CR UN SPOKANE VY WA
152
4.73%
248,000
249,133
248,000
1,133
Certificate of Deposit
OKLAHOMA EDUCATORS CR UN OKLA
310
3.75%
249,DOD
249,324
249,000
324
Certificate of Deposit
ONE CMNTY BK ORE WIS - -
279
4.76%
248,000
250,269
248,000
2,269,
Portfolio
As of December 2025
SecurltyType
Certificate of Deposit
Issuer Days to
OREGON CMNTY CR UN EUGENE ORE
Maturity Coupon
523
BookValue
4.779/.
MarketValue
248,000
ParValue
252,186
Unrealized
248,000
P/L
4,11%
Certificate of Deposit
PEOPLES BK CO COLDWATER OHIO
441
4.64%
249,000
252,202
249,000
3,202
Certificate of Deposit
PEOPLES SVGS BK WELLSBURG IOWA
432
4.36%
240,906
246,230
244,000
5,324
Certificate of Deposit
PINNACLE BK NASHVILLETENN
128
4.59%
244.000
244,703
244,000
703
Certificate of Deposit
POINT WEST CREDIT UNION
103
4.98%
243,000
243,824
243,000
824
Certificate of Deposit
POPULAR BK NEW YORK BRH IN
78
4.74%
247,000
247,504
247,000
504
Certificate of Deposit
PORTAGE BK BELLEVUE WASH
448
4.69%
249,000
252,394
249,000
3,394
Certificate of Deposit
SAN FRANCISCO FED CR UN CA
764
4.30%
216,000
218,763
216,000
2,763
Certificate of Deposit
SANDY SPRING BK OLNEY MD
75
4.89%
244,000
244,537
244,000
537
Certificate of Deposit
SAVANNAH BK NATLASSN N Y
854
4.07%
249,000
251,049
249,000
2,049
Certificate of Deposit
SAWYER SVGS BK SAUGERTIES
69
4.54%
243,177
245,323
245,000
2,146
Certificate of Deposit
SECURITY ST BK WARROAD MINN
882
4.17%
249.000
256,659
249,000
7,659
Certificate of Deposit
SELECT BK FSTVA CD CLL
1035
3.85%
249,000
248,888
249,000
-112
Certificate of Deposit
SIGNATURE FED CR UN ALEXANDRIA
159
4.78%
248,000
249,218
248,000
1,218
Certificate of Deposit
SOUTHERN BK POPLAR BLUFF MO
868
4.16%
249,000
251,632
249,000
2,632
Certificate of Deposit
SOUTHERN FIRST BK N A GREENVILLE S C
331
4.56%
249,000
251,273
249,000
2,273
Certificate of Deposit
SOUTHERN MICH BK TR
677
4.07%
249,000
250,833
249,000
1,833
Certificate of Deposit
SPACE COASTCR UN MELBOURNE FL
310
3.75%
249,000
249,324
249,0D0
324
Certificate of Deposit
STVINCENTS MED CTR CR UN BRDI
532
4.540%
249,000
252,381
249,000
3,381
Certificate of Deposit
STATE BK INDIA
1786
3.85%
249,000
248,694
249,000
.306
Certificate of Deposit
STATE BK INDIA NEW YORK N Y
789
4.43%
244,000
247,826
244,000
3,826
Certificate of Deposit
STATE EMPLOYEES CR UN SANTA FE
509
4.73%
248,000
251.933
248,000
3,933
Certificate of Deposit
SYNCHRONY BK RETAIL CTF DEP
232
0.92%
219,540
243,933
248,000
24,393
Certificate of Deposit
TOYOTA FINLSVGS BK HEND NV
1240
4.49%
244,000
250.132
244,000
6,132
Certificate of Deposit
TRISTATE CAP BK PITTSBURGH PA
89
4.99%
243,000
243,697
243,000
697
Certificate of Deposit
TRUISTBK
1790
4.00%
249,000
248,858
249,000
-142
Certificate of Deposit
TRULIANT FED CR UN WINSTON SAL
422
4.45%
249,000
251,535
249,000
2,535
Certificate of Deposit
TUCSON FED CR UN ARIZ
982
4.85%
248,000
255,849
248,000
7,849
Certificate of Deposit
UBS BK USA SALT LAKE CITY OF
983
4.31%
249,000
256,883
249,000
7,883
Certificate of Deposit
UNITED FID BK FSB EVANSVILE
454
4.82%
248,000
251,874
248,000
3,874
Certificate of Deposit _
UNITED ROOSEVELT_5_VGS BK
504
4.36%
249,000
251,572
249,000
2,572
Certificate of Deposit
UNIVERSITY BK ANN ARBOR MICH
824
4.73%
248,000
254,024
248,000
6.024
Certificate of Deposit
UNIVEST NATL BK TR SOUDERTON PA
856
4.07%
249,000
251,052
249,000
2,052
Certificate of Deposit
USALLIANCE FCU RYE NEW YORK
877
4.471/.
249,000
253,646
249,000
4,646
Certificate of Deposit
UTAH CMNTY CR UN PROVO UTAH
117
4.59%.
249,000
249,682
249,000
682
Certificate of Deposit
UTAH FIRST FED CREDIT
926
4.57%
248,000
257,553
248,000
9,553
Certificate of Deposit
VALLEYSTAR CR UN MARTINSVILLE
810
4.65%
248,000
253,421
248,000
5,421
Certificate of Deposit
VIBRANT CREDIT UNION
271
5 33%
248,000
251,291
248,000
3,291
Certificate of Deposit
VIKING BK NATLASSN ALEXANDRIA
72
4.64%
249,000
249,334
249,000
334
Certificate of Deposit
VISIONS FED CR UN ENDWELL NY
272
5.42%
248,000
251,487
248,OOD
3,487
Certificate of Deposit
WELLS FARGO BANK NATLASSN CD
513
4.77%
248,000
252,127
248,000
4,127
Portfolio
SecurityTVIm
As of December 2025
Medium Term Note
Issuer Days to
3MCOMPANY
Maturity Coupon
1334
BookValue
2.52%
MarketValue
450,960
ParValue
471,355
Unrealized
500,000
P/L
20,395
Medium Term Note
ALTRIA GROUP INC
1141
4.72%
498,875
508,545
500,000
9,670
_Medium Term Note
AMAZON COM INC
700
4.48%
997,630
1,016,520 _
1,000,000
18,890
Medium Term Note
AMERICAN HONDA FIN CORP
742
4.64%
997,794
1,013,560
1.000,000
15,766
'Medium Term Note
APPLE INC
769
1.26%
427,219
475,560
500,000
48,341
Medium Term Note
ASTRAZENECA FINANCE LLC LP
148
1.21%
501,040
494,885
500,000
-6,155
Medium Term Note
BANK NOVA SCOTIA B C
435
2.98%
926,343
989,230
1,000,000
62,887
Medium Term Note
BANK OF AMERICA CORP
109
3.50%
554,155
499,355
500,000
-54,800
Medium Term Note
BANK OF NY MELLON CORP
1331
3.40•D
470,619
485,610
500,000
14,991
Medium Term Note
BLACKROCK FUNDING
1169
4.60%
504,750
511,110
SOQ000
6,360
Medium Term Note
CANADIAN IMP BK COMM
462
3.47%
948,186
994,920
1,000,000
46,734;
Medium Term Note
CITIGROUP INC
121
3.41%
550,715
499,055
500,000
-51,660
Medium Term Note
COMCAST CORP
380
2.39%
917,335
994,590
1,000,000
67,2551
Medium Term Note
DEEREJOHN CAPITAL
750
4.66%
1,004,330
1,019,150
1,000,000
14,820
Medium Term Note
DEUTSCHE BK AG N Y
617
5,25%
1,005,611
1,023,790
1,000,000
18,179
Medium Term Note
HONEYWELL INTERNATIONAL
1323
2.83%
463,350
477,135
500,000
13,785
Medium Term Note
IBMCORP
745
6.19%
1,076,510
1,049,710
1,000,000
-26,800'
Medium Term Note
INTELCORP
41
4.87%
998,520
1,000,630
1,000,000
2,110
Medium Term Note
MERCK CO INC
1162
3.46%
478,950
492,035
500,000
13,085
Medium Term Note
META PLATFORMS INC
1780
4.19%
506,107
501,055
500,000
.5,052
Medium Term Note
MITSUBISHI UFJ FIN GRP
256
2.78%
924,800
991,860
1,000,000
67,060
Medium Term Note
MORGAN STANLEY
27
3.88%
561,240
499,930
500,000
-61,310
Medium Term Note
_PEPSICOINC
1306
2.75%
461,174
477,235
500,000
16,062
Medium Term Note
PHILIP MORRIS INTL INC
1401
4.55%
497,070
508,490
500,000
11,420
Medium Term Note
PNC BANK NA
1391
2,86%
451,836
472,140
500,000
20,304
Medium Term Note
REGENCY CENTERS LP
1354
3.08%
460,790
479,500
500,000
18,710
Medium Term Note
ROYAL BK CDA
489
3.63%
951,709
998,850
11000,000
47,141,
Medium Term Note
SCHWAB CHARLES CORP
1417
5.86%
527,175
528.820
500,000
1,645
Medium Term Note
SIMON PROPERTY GROUP LP
1352
2.59%
451,535
472,650
500,000
21,11-5
Medium Term Note
SUMITOMO MITSUI FINLGRP
747
3.57%
934,451
991,740
110001000
57,289
'Medium Term Note
TARGETCORP
1201
3. 4%
479,200
491,260
500,000
12,060
Medium Term Note
TORONTO DOMINION BANK
740
5.04%
1,005,769
1,022,640
1,000,000
16,871
Medium Term Note
TOSCO CORP
366
7.55%
1,107,960
1,033,390
1,000,000
-74,570
Medium Term Note
TOYOTA MTR CR CORP FR
679
5.29%
1,030,896
1,029,690
1,000,000
-1,006
Medium Term Note
US BANCORP
1307
3.12%
462,653
481,475
500,000
18,822
Medium Term Note
WELLS FARGO COMPANY
568
4.28%
975,500
1,003,900
1,000,000
28,400
US Treasury
U S TREASURY NOTE
546
0.52%
10,359,844
11,482,920
12,000,000
1,123,076
US Treasury
U S TREASURY NOTE
181
0.89%
1Q811.885
11,843,880
12,000,000
1,031,995
US Treasury
U S TREASURY NOTE
912
3.95%
11,883,125
12,140,640
12,000,000
257,515
USTreasury
U S TREASURY NOTE
1612
3.74%
11,950,547
12,029,520
12,000,000
78,973
US Treasury
U 5 TREASURY NOTE
1277
4.16%
12,017,250
12,253,560
12,000,000
236,310,
Total
1%,806,298
160,390,612
160,304,174
3,584,314
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