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Client Management Team
Rick Phillips President & Chief Investment Officer 702-575-6666 [email protected]
Tonya Dazzio Chief Operating & Compliance Officer 702-575-6592 [email protected]
Greg Balls, CFA Senior Portfolio Manager 702-575-6655 [email protected]
Dan Rusk Portfolio Manager 702-575-6633 [email protected]
Christine Wilson Operations Analyst 702-575-6640 [email protected]
Ruth Phillips Financial Analyst 702-575-6600 [email protected]
Monthly Investment Report
City of Anaheim
August 2019
10655 Park Run Drive Suite 120 | Summerlin, NV 89144 | Phone 888.278.7350 | www.FTNMainStreet.com
Portfolio Summary
FFCBU.S.Treasury
Market Value FHLBBook Value FHLMCVariance Wells Fargo Govt Inst MMF
FNMAPar Value Apple
Met LifeNet Asset Value LAIF
Fidelity Govt MMFBook Yield Citibank
HondaYears to Maturity US Bank
CiscoEffective Duration Microsoft
Book Value is Amortized
2.30% 2.30%
2.13 2.29
2.04 2.03 1.5%
8/31/2019
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)
City of Anaheim
ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS
Issuer % Portfolio 20.2% 19.9% 10.1% 8.3% 8.0% 4.2% 3.6% 3.0% 2.4% 2.0% 1.8% 1.7% 1.7% 1.7%
8/31/19 7/31/19
$611,311,805 $584,619,857 $599,203,875 $577,398,508
$12,107,929 $7,221,349
$599,932,627 $578,158,045
$102.021 $101.251
Agy 42.8%
Corp 25.0%
Tsy 19.9%
LAIF 2.4%
MMF10.0% 31.9%
15.3% 16.1%
21.3%
15.4%
0%
5%
10%
15%
20%
25%
30%
35%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y
2.4%
0.0%
5.5%
6.7%
6.0%
1.7%
3.6%
74.2%
0.0%
0% 25% 50% 75% 100%
NR-LAIF
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
2.00%
2.05%
2.10%
2.15%
2.20%
2.25%
2.30%
2.35%
2.40%
Sep
-18
Oct
-18
No
v-1
8
De
c-1
8
Jan
-19
Feb
-19
Mar
-19
Ap
r-1
9
May
-19
Jun
-19
Jul-
19
Au
g-1
9
NR: Not RatedPer Book ValuePer Book Value
Per Book Value
2
Investment Policy Compliance
20% limit, 5% per issuer, maximum maturity 5 years.
30% limit, 5% per issuer, maximum maturity 5 years, issued by domestic corporations or depositories,
rated A (S&P), A2 (Moody's), or A (Fitch), by at least two.
$50 million, per account (City has two accounts).
$50 million, per account (City has two accounts).
Commercial Paper
25% limit, 5% per issuer, max maturity 270 days, rated A-1, P-1, or F1 by at least one NRSRO, issued by a
domestic corporation; if company has long-term debt, needs to be rated A (S&P), A2 (Moody's), or A
(Fitch) by one.
Yes:
0.0%
No limit, maximum maturity 5 years.
U.S. Federal Agencies No limit, 40% issuer limit, maximum maturity 5 years.
25% limit, 5% per issuer, maximum maturity 365 days, issued by banks, savings and loans, or state-
licensed branch of a foreign bank.
Yes:
Yes:
0.0%Yes:
Yes: $1.9 Mil
8/31/2019
Item / Sector Parameters
Local Agency Investment Fund #2
Local Agency Investment Fund #1
City of Anaheim
In Compliance
2.13 YrsYes:
19.9%Yes:
Weighted Average Maturity Weighted Average Maturity (WAM) must be less than 3 years.
U.S. Treasuries
42.8%
$12.2 Mil
Securities' market values are derived from the City's custodian.
Yes
Investment transactions were executed in accordance with the California State Government Code and the City’s Investment Policy. The City believes the Investment
Pool contains sufficient cash flow liquidity to meet the next six months of expected expenditures.
Supranationals20% limit, 10% issuer limit (IFC, IADB, and IBRD), maximum maturity 5 years, Aaa or AAA by at least two
rating agencies.Yes:
Issuer ConcentrationThe aggregate issuer exposure to corporate bonds, commercial paper, negotiable CDs, and bankers'
acceptances cannot exceed 5%.
0.0%
Yes
Corporate Bonds
0.0%
25.0%Yes:
Yes:
Yes: 0.0%
10.0%
Other Municipal Securities 10% limit, 5% per issuer, maximum maturity 5 years.
Money Market Funds 20% limit, 10% issuer limit, rated AAA-m or Aaa-mf by at least two (S&P, Moody's, or Fitch).
Negotiable Certificates of Deposit
State of California Securities
3
Historical Book Values
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun AverageFY 2014 $424.1 $433.1 $418.4 $413.0 $404.1 $419.7 $431.2 $432.5 $422.4 $426.7 $425.2 $426.0 $423.0FY 2015 $383.8 $401.7 $374.4 $375.7 $368.8 $376.3 $402.6 $404.1 $409.3 $420.6 $435.6 $436.6 $399.1FY 2016 $410.1 $405.7 $381.7 $401.9 $415.9 $426.1 $426.8 $452.2 $428.3 $464.4 $464.1 $466.1 $428.6FY 2017 $465.9 $465.7 $466.2 $466.3 $465.0 $480.1 $520.5 $521.5 $506.7 $507.8 $508.9 $518.5 $491.1FY 2018 $481.6 $492.8 $464.1 $464.4 $463.6 $493.7 $502.1 $501.9 $538.0 $553.1 $577.7 $605.1 $511.5FY 2019 $557.2 $551.1 $519.3 $530.4 $563.4 $589.5 $605.3 $616.7 $592.7 $608.9 $641.9 $658.7 $586.3FY 2020 $577.4 $599.2 $588.3
Figures in Millions, Month End Book Value
City of Anaheim8/31/2019
$350
$375
$400
$425
$450
$475
$500
$525
$550
$575
$600
$625
$650
$675Ju
l-1
2
Sep
-12
No
v-1
2
Jan
-13
Mar
-13
May
-13
Jul-
13
Sep
-13
No
v-1
3
Jan
-14
Mar
-14
May
-14
Jul-
14
Sep
-14
No
v-1
4
Jan
-15
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
May
-17
Jul-
17
Sep
-17
No
v-1
7
Jan
-18
Mar
-18
May
-18
Jul-
18
Sep
-18
No
v-1
8
Jan
-19
Mar
-19
May
-19
Jul-
19
Sep
-19
No
v-1
9
Jan
-20
Mar
-20
May
-20
Mill
ion
s
4
Historical Book Values Per Fiscal Year
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun AverageFY 2013 $385.4 $397.8 $368.2 $378.1 $371.4 $382.7 $396.9 $415.1 $412.6 $425.4 $438.4 $440.8 $401.1FY 2014 $424.1 $433.1 $418.4 $413.0 $404.1 $419.7 $431.2 $432.5 $422.4 $426.7 $425.2 $426.0 $423.0FY 2015 $383.8 $401.7 $374.4 $375.7 $368.8 $376.3 $402.6 $404.1 $409.3 $420.6 $435.6 $436.6 $399.1FY 2016 $410.1 $405.7 $381.7 $401.9 $415.9 $426.1 $426.8 $452.2 $428.3 $464.4 $464.1 $466.1 $428.6FY 2017 $465.9 $465.7 $466.2 $466.3 $465.0 $480.1 $520.5 $521.5 $506.7 $507.8 $508.9 $518.5 $491.1FY 2018 $481.6 $492.8 $464.1 $464.4 $463.6 $493.7 $502.1 $501.9 $538.0 $553.1 $577.7 $605.1 $511.5FY 2019 $557.2 $551.1 $519.3 $530.4 $563.4 $589.5 $605.3 $616.7 $592.7 $608.9 $641.9 $658.7 $586.3FY 2020 $577.4 $599.2 $588.3
Figures in Millions, Month End Book Value
8/31/2019 City of Anaheim
$350
$375
$400
$425
$450
$475
$500
$525
$550
$575
$600
$625
$650
$675
Jul
Au
g
Sep
Oct
No
v
De
c
Jan
Feb
Mar
Ap
r
May Jun
Mill
ion
s
FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20
5
Weighted Average Maturity and Portfolio Yield
ICE BofAML Index: 0-5Yr Treasury Index
8/31/2019 City of Anaheim
0.0
0.5
1.0
1.5
2.0
2.5
3.0Ju
l-1
2
Oct
-12
Jan
-13
Ap
r-1
3
Jul-
13
Oct
-13
Jan
-14
Ap
r-1
4
Jul-
14
Oct
-14
Jan
-15
Ap
r-1
5
Jul-
15
Oct
-15
Jan
-16
Ap
r-1
6
Jul-
16
Oct
-16
Jan
-17
Ap
r-1
7
Jul-
17
Oct
-17
Jan
-18
Ap
r-1
8
Jul-
18
Oct
-18
Jan
-19
Ap
r-1
9
Jul-
19
Oct
-19
Jan
-20
Ap
r-2
0
Year
s
Weighted Average Maturity History
0.00
0.25
0.50
0.75
1.00
1.25
1.50
1.75
2.00
2.25
2.50
Jul-
12
Oct
-12
Jan
-13
Ap
r-1
3
Jul-
13
Oct
-13
Jan
-14
Ap
r-1
4
Jul-
14
Oct
-14
Jan
-15
Ap
r-1
5
Jul-
15
Oct
-15
Jan
-16
Ap
r-1
6
Jul-
16
Oct
-16
Jan
-17
Ap
r-1
7
Jul-
17
Oct
-17
Jan
-18
Ap
r-1
8
Jul-
18
Oct
-18
Jan
-19
Ap
r-1
9
Jul-
19
Oct
-19
Jan
-20
Ap
r-2
0
Per
cen
t
Month-End Book Yield vs 0-5Yr Treasury Index (30 month avg) vs LAIF (12 month avg)
Portfolio Tsy 0-5Yr LAIF
6
Purchase YTM Per 6-Month Maturity Intervals
*Based on Book Value
8/31/2019 City of Anaheim
0 to .5 1.83% 23.05%
Years
Purchase
Yield
% of
Portfolio*
1.80% 10.33%
1.5 to 2.0 2.20% 4.97%
4.5 to 5.0 1.91% 3.33%
4.0 to 4.5 2.99% 12.06%
3.5 to 4.0 2.90% 10.00%
.5 to 1.0 2.13% 7.16%
3.0 to 3.5 2.61% 11.31%
2.0 to 2.5 2.33% 12.47%
2.5 to 3.0 2.43% 5.30%
1.0 to 1.5
1.83%
2.13%
1.80%
2.20%
2.33%
2.43%
2.61%
2.90%
2.99%
1.91%
1.5%
1.7%
1.9%
2.1%
2.3%
2.5%
2.7%
2.9%
3.1%
3.3%
-0.5 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5
Pu
rch
ase
Yie
ld
Maturity Intervals
Bubble Size = Maturity's % of Portfolio
7
Interest Rate Shock Analysis8/31/2019 City of Anaheim
Interest Rate Change Portfolio Value Value Change Percent Change
-100 Basis Points $623,660,303 $12,348,498 2.02%
-75 Basis Points $620,326,209 $9,014,404 1.47%
-50 Basis Points $617,239,084 $5,927,279 0.97%
-25 Basis Points $614,151,959 $2,840,155 0.46%
No Change $611,311,805 $0 0.00%
+25 Basis Points $608,037,619 -$3,274,186 -0.54%
+100 Basis Points $598,718,782 -$12,593,023 -2.06%
+50 Basis Points $604,763,433 -$6,548,372 -1.07%
+75 Basis Points $601,741,107 -$9,570,698 -1.57%
2.02%
1.47%
0.97%
0.46%
0.00%
-0.54%
-1.07%
-1.57%
-2.06%-2.5%
-2.0%
-1.5%
-1.0%
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
-100BP -75BP -50BP -25BP No Change +25BP +50BP +75BP +100BP
Per
cen
t C
han
ge in
Po
rtfo
lio V
alu
e
Interest Rate Changes/Scenarios
Instantaneous Interest Rate Changes and Approximate Change in Portfolio's Market Value
8
Next Twelve Months Maturities
Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20
$79.1 $35.0 $14.0 $0.0 $10.0 $0.0 $0.0 $10.0 $7.0 $11.0 $10.0 $15.0
Par Value in Millions
8/31/2019
Maturities
City of Anaheim
$79.1
$35.0
$14.0
$0.0
$10.0
$0.0 $0.0
$10.0
$7.0
$11.0 $10.0
$15.0
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20
Mill
ion
s
9
Historical Sector Allocation
Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19
Agency 34.5% 37.5% 35.4% 38.9% 41.9% 41.6% 43.4% 42.3% 40.1% 39.1% 46.1% 42.8%
Treasury 19.0% 18.6% 19.3% 18.5% 18.0% 17.7% 18.4% 17.9% 18.5% 18.1% 20.6% 19.9%
Commercial Paper 7.7% 3.8% 6.2% 4.2% 4.1% 2.4% 2.5% 2.4% 2.3% 7.0% 0.0% 0.0%
Corporates 30.8% 28.3% 26.6% 26.3% 27.2% 28.0% 29.2% 28.4% 26.4% 23.5% 26.8% 25.0%
Negotiable CDs 1.9% 1.9% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
MMF 3.5% 7.3% 10.1% 9.8% 6.5% 8.1% 4.2% 6.7% 10.4% 10.3% 4.0% 10.0%
LAIF 2.6% 2.6% 2.5% 2.3% 2.3% 2.3% 2.3% 2.3% 2.2% 2.1% 2.4% 2.4%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Sector
8/31/2019 City of Anaheim
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19
AGY
TSY
CP
MMF
LAIF
CORP
CDs
10
Issuer Allocation8/31/2019 City of Anaheim
0.3%
0.3%
0.8%
0.8%
0.8%
0.8%
0.8%
0.8%
0.8%
0.8%
0.8%
0.8%
1.0%
1.5%
1.7%
1.7%
1.7%
1.8%
2.0%
2.4%
3.0%
3.6%
4.2%
8.0%
8.3%
10.1%
19.9%
20.2%
0% 5% 10% 15% 20% 25%
Visa
MUFG Union Bank
Berkshire Hathaway
PNC Bank
BMW
Toyota
John Deere
Honeywell
Branch Banking & Trust
JP Morgan Chase Bank
Oracle
3M Company
Disney
Microsoft
Cisco
US Bank
Honda
Citibank
Fidelity Govt MMF
LAIF
Met Life
Apple
FNMA
Wells Fargo Govt Inst MMF
FHLMC
FHLB
U.S.Treasury
FFCB
11
Purchase Yield and Weighted Avg Maturity8/31/2019 City of Anaheim
LAIF
Agy
Tsy
Corp
2.10%
2.15%
2.20%
2.25%
2.30%
2.35%
2.40%
2.45%
-0.25 0.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 2.25 2.50 2.75
Bo
ok
Yie
ld
Weighted Average Maturity - Years
Bubble Size = Percent of Portfolio
12
Historical Earnings and Book Rate of Return Performance
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun$373 $744 $1,113 $1,481 $1,849 $2,206 $2,568 $2,922 $3,291 $3,668 $4,034 $4,400$366 $728 $1,092 $1,439 $1,778 $2,105 $2,439 $2,777 $3,113 $3,451 $3,791 $4,134$344 $683 $1,020 $1,339 $1,664 $1,992 $2,300 $2,660 $3,037 $3,424 $3,832 $4,212$423 $851 $1,288 $1,722 $2,150 $2,588 $3,089 $3,604 $4,148 $4,698 $5,266 $5,855$600 $1,180 $1,762 $2,341 $2,925 $3,539 $4,270 $4,861 $5,593 $6,378 $7,214 $8,082$963 $1,890 $2,812 $3,737 $4,688 $5,755 $6,906 $8,023 $9,222 $10,389 $11,610 $12,855
$1,257 $2,365
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun2.27% 2.29%
Custom Benchmark* 2.18% 2.20%0.09% 0.09%
*Benchmark: ICE BofAML 30 month moving average 0-5yr Treasury, Agency, Corporate A-AAA Index
Book return includes interest received/accrued, amortization of discounts/premiums, and realized gains/losses, and is a good measurement of income generated for the City's interest income budgeting process.
City of Anaheim
Variance
Book Rate of Rtn
Fiscal YTD ($000s)
8/31/2019
FY 2014FY 2015FY 2016FY 2017FY 2018FY 2019FY 2020
$0
$5,000
$10,000
$15,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Tho
usa
nd
s
Fiscal Year-to-Date EarningsFY 2014
FY 2015
FY 2016
FY 2017
FY 2018
FY 2019
FY 2020
2.0%
2.1%
2.2%
2.3%
2.4%
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Monthly Book Rate of Return vs Benchmark PortfolioBenchmark
13
Total Return
*Index: ICE BAML 0-5 Yr US Treasury Index
**Inception: December 2016
1 Month 3 Month FYTD 1 Year 2 Year Inception
1.07% 1.61% 1.01% 5.47% 2.89% 2.60%
0.99% 1.46% 0.88% 4.95% 2.35% 2.16%
0.08% 0.14% 0.13% 0.52% 0.54% 0.45%
8/31/2019 City of Anaheim
Portfolio
Benchmark*
Variance
Total return includes unrealized gains and losses in its calculation and is a good measurement of portfolio's risk/return compared to the market's risk/return. However, total return can be volatile
with material changes of interest rates. Figures may not total due to rounding. LAIF and the Wells banking sweep account are not inclued in the total return.
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
1 Month 3 Month FYTD 1 Year 2 Year Inception**
Portfolio
Benchmark*
14
Investment Activity
Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-1971 70 68 69 71 74 72 71 73 74 73 69
Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-190 2 3 3 3 3 1 0 2 2 1 03 5 2 1 1 3 1 0 1 1 4 23 7 5 4 4 6 2 0 3 3 5 2
City of Anaheim8/31/2019
Purchases
Total Transactions
Positions
Redemptions
64
66
68
70
72
74
76
78
80
Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19
Po
siti
on
s
Number of Positions at Month End
0
1
2
3
4
5
6
Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19
Nu
mb
er o
f T
ran
sact
ion
s
Purchases and Redemptions* (Excluding LAIF & MMF)Purchases
Redemptions
*Redemptions include maturities, calls, and sells (excluding paydowns)
15
City of AnaheimPortfolio Management
August 31, 2019Portfolio Summary
% ofPortfolio
BookValueInvestments
MarketValue
ParValue
Days toMaturityTerm
YTM360 Equiv.
YTM365 Equiv.
Treasury Securities - Coupon 119,004,145.14 1,43619.86 2.139780120,941,500.00120,000,000.00 2.169Federal Agency Issues - Coupon 256,348,751.72 1,60542.78 2.3501,101264,412,318.00255,800,000.00 2.383LAIF 14,100,416.59 12.35 2.298114,100,416.5914,100,416.59 2.330Money Market Mutual Fund 60,032,210.16 110.02 1.967160,032,210.1660,032,210.16 1.994Medium Term Notes 149,718,351.66 1,35424.99 2.353603151,825,360.00150,000,000.00 2.385
599,203,875.27 100.00%Investments
611,311,804.75599,932,626.75 1,310 777 2.269 2.301
Current YearAugust 31
1,107,423.11Fiscal Year To Date
2,364,808.45
Average Daily Balance
Effective Rate of Return
570,250,339.84 611,870,618.07
2.28%2.29%
Total Earnings Month Ending
__________________________________________________ ____________________Debbie Moreno, Finance Director
Portfolio CITYAP
Reporting period 08/01/2019-08/31/2019
Run Date: 09/05/2019 - 13:26 PM (PRF_PM1) 7.3.0Report Ver. 7.3.6.1
16
Moody's
Page 1
Par Value Book ValueMaturity
DateStated
RateMarket Value
August 31, 2019Portfolio Details - Investments
AverageBalanceIssuer
Portfolio ManagementCity of Anaheim
S&PYTM365CUSIP Investment #
PurchaseDate
Treasury Securities - Coupon
AaaU.S.Treasury1967 10,000,000.00 9,990,817.56 08/31/20212.00012/27/2016 10,092,200.00 2.048912828D72 AA+AaaU.S.Treasury1968 10,000,000.00 9,993,176.53 11/30/20211.87501/09/2017 10,084,000.00 1.907912828G53 AA+AaaU.S.Treasury1971 10,000,000.00 9,963,194.00 10/31/20201.37501/12/2017 9,958,600.00 1.702912828L99 AA+AaaU.S.Treasury1975 10,000,000.00 9,971,728.28 08/31/20201.37502/22/2017 9,959,400.00 1.668912828L32 AA+AaaU.S.Treasury1988 10,000,000.00 9,886,975.30 10/31/20211.25005/02/2017 9,944,100.00 1.796912828T67 AA+AaaU.S.Treasury1990 10,000,000.00 9,971,255.98 09/30/20201.37505/09/2017 9,957,800.00 1.649912828L65 AA+AaaU.S.Treasury1996 10,000,000.00 10,046,514.81 07/31/20221.87508/30/2017 10,122,700.00 1.7089128282P4 AA+AaaU.S.Treasury2029 10,000,000.00 9,681,606.56 08/15/20221.62506/12/2018 10,055,500.00 2.773912828TJ9 AA+AaaU.S.Treasury2034 10,000,000.00 9,676,290.47 11/15/20221.62506/28/2018 10,060,900.00 2.703912828TY6 AA+AaaU.S.Treasury2048 10,000,000.00 9,953,303.99 07/15/20212.62510/02/2018 10,194,900.00 2.886912828Y20 AA+AaaU.S.Treasury2052 10,000,000.00 9,938,809.27 11/15/20232.75011/27/2018 10,539,100.00 2.907912828WE6 AA+AaaU.S.Treasury2063 10,000,000.00 9,930,472.39 07/15/20201.50005/15/2019 9,972,300.00 2.3149128282J8 AA+
119,004,145.14 2.169120,941,500.00120,000,000.00118,985,319.31Subtotal and Average
Federal Agency Issues - Coupon
AaaFFCB1915 4,000,000.00 4,000,000.00 11/19/20191.60011/19/2015 3,996,840.00 1.6003133EFPR2 AA+AaaFFCB2042 10,000,000.00 9,972,625.92 07/17/20232.87507/27/2018 10,524,800.00 2.9513133EJUS6 AA+AaaFFCB2044 10,000,000.00 9,990,667.19 07/17/20232.87508/07/2018 10,524,800.00 2.9013133EJUS6 AA+AaaFFCB2047 10,000,000.00 9,999,478.89 08/23/20222.80008/23/2018 10,365,000.00 2.8023133EJXW4 AA+AaaFFCB2051 10,000,000.00 10,020,073.03 11/15/20213.05011/27/2018 10,309,900.00 2.9543133EJT74 AA+AaaFFCB2053 20,000,000.00 20,073,806.28 12/06/20233.00012/07/2018 21,289,000.00 2.9063133EJ2B4 AA+AaaFFCB2056 14,800,000.00 14,868,541.68 12/17/20212.80001/04/2019 15,209,368.00 2.5893133EJ3B3 AA+AaaFFCB2059 10,000,000.00 10,097,597.85 07/17/20232.87502/07/2019 10,524,800.00 2.6073133EJUS6 AA+AaaFFCB2060 12,000,000.00 12,009,895.42 02/27/20242.61002/28/2019 12,581,760.00 2.5903133EKBW5 AA+AaaFFCB2067 20,000,000.00 19,942,214.92 07/26/20241.85007/30/2019 20,329,800.00 1.9123133EKWV4 AA+AaaFHLB1997 10,000,000.00 10,010,574.38 09/09/20222.00009/29/2017 10,140,500.00 1.963313380GJ0 AA+AaaFHLB2045 10,000,000.00 10,115,820.23 06/09/20233.25008/09/2018 10,646,600.00 2.918313383QR5 AA+AaaFHLB2049 20,000,000.00 20,192,059.34 09/08/20233.37510/12/2018 21,476,400.00 3.115313383YJ4 AA+AaaFHLB2054 10,000,000.00 10,102,132.14 09/09/20223.12512/21/2018 10,470,000.00 2.766313383WD9 AA+AaaFHLB2057 10,000,000.00 10,139,791.01 09/09/20223.12501/16/2019 10,470,000.00 2.636313383WD9 AA+AaaFHLMC1942 10,000,000.00 10,000,867.10 10/02/20191.25004/25/2016 9,993,200.00 1.1473137EADM8 AA+AaaFHLMC1949 10,000,000.00 10,002,466.09 10/02/20191.25007/13/2016 9,993,200.00 0.9583137EADM8 AA+AaaFHLMC1969 10,000,000.00 9,852,289.29 08/12/20211.12501/10/2017 9,927,700.00 1.9213137EAEC9 AA+AaaFHLMC1993 10,000,000.00 10,000,000.00 06/29/20211.80006/29/2017 10,040,500.00 1.8003134GBUF7 AA+AaaFHLMC2030 10,000,000.00 9,959,805.01 06/19/20232.75006/22/2018 10,462,500.00 2.8643137EAEN5 AA+
Portfolio CITYAP
Run Date: 09/05/2019 - 13:26 PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.117
Moody's
Page 2
Par Value Book ValueMaturity
DateStated
RateMarket Value
August 31, 2019Portfolio Details - Investments
AverageBalanceIssuer
Portfolio ManagementCity of Anaheim
S&PYTM365CUSIP Investment #
PurchaseDate
Federal Agency Issues - Coupon
AaaFNMA1851 5,000,000.00 5,000,019.06 11/26/20191.75012/12/2014 4,996,550.00 1.7483135G0ZY2 AA+AaaFNMA1943 10,000,000.00 10,020,500.79 11/30/20201.50005/03/2016 9,980,200.00 1.3303135G0F73 AA+AaaFNMA1998 10,000,000.00 9,977,526.10 10/05/20222.00010/24/2017 10,158,900.00 2.0773135G0T78 AA+
256,348,751.72 2.383264,412,318.00255,800,000.00256,355,993.57Subtotal and Average
LAIF
LAIF17430 12,161,944.64 12,161,944.64 2.33012,161,944.64 2.330SYS17430LAIF17432 1,938,471.95 1,938,471.95 2.3301,938,471.95 2.330SYS17432
14,100,416.59 2.33014,100,416.5914,100,416.5914,100,416.59Subtotal and Average
Money Market Mutual Fund
AaaFidelity Govt MMF987 11,875,757.65 11,875,757.65 2.00011,875,757.65 2.000SYS987 AAAAaaWells Fargo Govt Inst MMF2023 48,156,452.51 48,156,452.51 1.99348,156,452.51 1.993SYS2023 AAA
60,032,210.16 1.99460,032,210.1660,032,210.1629,964,657.36Subtotal and Average
Medium Term Notes
Aa1Apple1991 7,000,000.00 7,000,979.48 05/11/20201.80005/19/2017 6,992,370.00 1.779037833CS7 AA+Aa1Apple2037 10,000,000.00 9,896,419.98 02/23/20232.85007/11/2018 10,331,500.00 3.172037833BU3 AA+Aa1Apple2055 5,000,000.00 4,853,671.76 05/03/20232.40012/21/2018 5,105,300.00 3.261037833AK6 AA+
A1Branch Banking & Trust1972 5,000,000.00 4,999,949.86 01/15/20202.10001/26/2017 4,999,500.00 2.10307330NAN5 AA1BMW1986 5,000,000.00 4,998,646.30 04/06/20202.15004/06/2017 4,999,450.00 2.19705565EAP0 A+
Aa2Berkshire Hathaway2019 5,000,000.00 4,941,572.94 03/15/20232.75003/15/2018 5,159,350.00 3.109084670BR8 AAAa3Citibank2032 5,000,000.00 4,940,954.92 10/20/20202.12506/26/2018 5,005,050.00 3.21117325FAJ7 A+Aa3Citibank2036 6,000,000.00 5,954,519.48 06/12/20202.10007/11/2018 6,004,860.00 3.10717325FAE8 A+
A1Cisco1933 5,000,000.00 5,022,667.31 06/15/20202.45002/12/2016 5,018,500.00 1.84917275RAX0 AA-A1Cisco1970 5,000,000.00 4,956,522.97 09/20/20211.85001/13/2017 4,996,100.00 2.29917275RBJ0 AA-A2Disney1976 6,000,000.00 6,010,265.87 09/17/20202.15003/09/2017 6,013,140.00 1.98025468PDE3 AA2Honda1944 5,000,000.00 5,042,613.94 09/24/20202.45005/17/2016 5,024,500.00 1.61702665WAZ4 AA2Honda2039 5,000,000.00 4,991,888.80 11/13/20192.00007/11/2018 4,998,900.00 2.83102665WBZ3 AA2Honeywell1962 5,000,000.00 4,999,784.21 10/30/20191.40010/31/2016 4,993,700.00 1.427438516BJ4 AA2John Deere1959 5,000,000.00 4,999,654.23 10/09/20191.25009/09/2016 4,995,300.00 1.31724422ETJ8 A
Aa2JP Morgan Chase Bank1961 5,000,000.00 5,000,059.37 09/23/20191.65010/17/2016 4,998,500.00 1.63048125LRG9 A+Aa3Met Life2058 10,000,000.00 10,060,737.23 01/11/20243.60001/30/2019 10,642,000.00 3.44759217GCT4 AA-Aa3Met Life2061 8,000,000.00 7,985,269.66 01/10/20233.00002/28/2019 8,244,960.00 3.05859217GAX7 AA-
A13M Company1936 5,000,000.00 5,023,246.27 08/07/20202.00002/19/2016 5,004,000.00 1.48388579YAQ4 AA-
Portfolio CITYAP
Run Date: 09/05/2019 - 13:26 PM (PRF_PM2) 7.3.0
18
Moody's
Page 3
Par Value Book ValueMaturity
DateStated
RateMarket Value
August 31, 2019Portfolio Details - Investments
AverageBalanceIssuer
Portfolio ManagementCity of Anaheim
S&PYTM365CUSIP Investment #
PurchaseDate
Medium Term Notes
AaaMicrosoft1908 4,000,000.00 3,999,249.78 11/03/20202.00011/03/2015 4,009,040.00 2.017594918BG8 AAAAaaMicrosoft1974 5,000,000.00 4,994,774.31 02/06/20222.40002/06/2017 5,085,900.00 2.446594918BW3 AAA
A1Oracle1950 5,000,000.00 5,005,071.80 10/08/20192.25007/29/2016 5,000,050.00 1.24068389XAX3 A+A2PNC Bank1977 5,000,000.00 4,989,768.98 12/09/20212.55003/20/2017 5,057,200.00 2.64669353REY0 A
Aa3Toyota1987 5,000,000.00 4,999,518.70 04/17/20201.95004/17/2017 4,995,600.00 1.96689236TDU6 AA-A2MUFG Union Bank2064 2,000,000.00 2,023,739.71 04/01/20223.15005/16/2019 2,054,060.00 2.60690520EAH4 AA1US Bank1989 5,000,000.00 5,024,457.59 01/24/20222.62505/05/2017 5,082,850.00 2.40791159HHP8 A+A1US Bank2014 5,000,000.00 4,999,556.25 01/23/20202.35001/23/2018 5,004,400.00 2.37390331HNJ8 AA-
Aa3Visa1973 2,000,000.00 2,002,789.96 12/14/20202.20001/30/2017 2,009,280.00 2.08692826CAB8 AA-
149,718,351.66 2.385151,825,360.00150,000,000.00150,843,953.01Subtotal and Average
2.301570,250,339.84 599,932,626.75 611,311,804.75 599,203,875.27Total and Average
Portfolio CITYAP
Run Date: 09/05/2019 - 13:26 PM (PRF_PM2) 7.3.0
19
City of AnaheimInventory by Maturity Report
August 31, 2019
CurrentRate
ParValue
BookValue
Sec.TypeFund Date
MaturityAmount
Days toTotalDays 360 365
Maturity YTMMaturityCUSIP Investment # Issuer
PurchaseDate
12,161,944.642.33012,161,944.64 12,161,944.6407/01/2019LAIF17430SYS17430 PA101 12.3302.29811,938,471.952.3301,938,471.95 1,938,471.9507/01/2019LAIF17432SYS17432 PA101 12.3302.2981
48,156,452.511.99348,156,452.51 48,156,452.5107/01/2019Wells Fargo Govt Inst MMF2023SYS2023 PA202 11.9931.966111,875,757.652.00011,875,757.65 11,875,757.6507/01/2019Fidelity Govt MMF987SYS987 PA201 12.0001.9731
5,000,000.001.6505,000,059.37 5,000,000.0010/17/2016JP Morgan Chase Bank196148125LRG9 MTN02 09/23/2019 221.6301.6081,07110,000,000.001.25010,000,867.10 10,000,000.0004/25/2016FHLMC19423137EADM8 FAC02 10/02/2019 311.1471.1311,25510,000,000.001.25010,002,466.09 10,000,000.0007/13/2016FHLMC19493137EADM8 FAC02 10/02/2019 310.9580.9451,176
5,000,000.002.2505,005,071.80 5,000,000.0007/29/2016Oracle195068389XAX3 MTN02 10/08/2019 371.2401.2231,1665,000,000.001.2504,999,654.23 5,000,000.0009/09/2016John Deere195924422ETJ8 MTN02 10/09/2019 381.3171.2991,1255,000,000.001.4004,999,784.21 5,000,000.0010/31/2016Honeywell1962438516BJ4 MTN02 10/30/2019 591.4271.4071,0945,000,000.002.0004,991,888.80 5,000,000.0007/11/2018Honda203902665WBZ3 MTN02 11/13/2019 732.8312.7924904,000,000.001.6004,000,000.00 4,000,000.0011/19/2015FFCB19153133EFPR2 FAC02 11/19/2019 791.6001.5781,4615,000,000.001.7505,000,019.06 5,000,000.0012/12/2014FNMA18513135G0ZY2 FAC02 11/26/2019 861.7481.7241,8105,000,000.002.1004,999,949.86 5,000,000.0001/26/2017Branch Banking & Trust197207330NAN5 MTN02 01/15/2020 1362.1032.0741,0845,000,000.002.3504,999,556.25 5,000,000.0001/23/2018US Bank201490331HNJ8 MTN02 01/23/2020 1442.3732.3417305,000,000.002.1504,998,646.30 5,000,000.0004/06/2017BMW198605565EAP0 MTN02 04/06/2020 2182.1972.1671,0965,000,000.001.9504,999,518.70 5,000,000.0004/17/2017Toyota198789236TDU6 MTN02 04/17/2020 2291.9661.9391,0967,000,000.001.8007,000,979.48 7,000,000.0005/19/2017Apple1991037833CS7 MTN02 05/11/2020 2531.7791.7551,0886,000,000.002.1005,954,519.48 6,000,000.0007/11/2018Citibank203617325FAE8 MTN02 06/12/2020 2853.1073.0657025,000,000.002.4505,022,667.31 5,000,000.0002/12/2016Cisco193317275RAX0 MTN02 06/15/2020 2881.8491.8241,585
10,000,000.001.5009,930,472.39 10,000,000.0005/15/2019U.S.Treasury20639128282J8 TRC02 07/15/2020 3182.3142.2824275,000,000.002.0005,023,246.27 5,000,000.0002/19/20163M Company193688579YAQ4 MTN02 08/07/2020 3411.4831.4631,631
10,000,000.001.3759,971,728.28 10,000,000.0002/22/2017U.S.Treasury1975912828L32 TRC02 08/31/2020 3651.6681.6451,2866,000,000.002.1506,010,265.87 6,000,000.0003/09/2017Disney197625468PDE3 MTN02 09/17/2020 3821.9801.9521,2885,000,000.002.4505,042,613.94 5,000,000.0005/17/2016Honda194402665WAZ4 MTN02 09/24/2020 3891.6171.5951,591
10,000,000.001.3759,971,255.98 10,000,000.0005/09/2017U.S.Treasury1990912828L65 TRC02 09/30/2020 3951.6491.6271,2405,000,000.002.1254,940,954.92 5,000,000.0006/26/2018Citibank203217325FAJ7 MTN02 10/20/2020 4153.2113.167847
10,000,000.001.3759,963,194.00 10,000,000.0001/12/2017U.S.Treasury1971912828L99 TRC02 10/31/2020 4261.7021.6791,3884,000,000.002.0003,999,249.78 4,000,000.0011/03/2015Microsoft1908594918BG8 MTN02 11/03/2020 4292.0171.9891,827
10,000,000.001.50010,020,500.79 10,000,000.0005/03/2016FNMA19433135G0F73 FAC02 11/30/2020 4561.3301.3121,6722,000,000.002.2002,002,789.96 2,000,000.0001/30/2017Visa197392826CAB8 MTN02 12/14/2020 4702.0862.0581,414
10,000,000.001.80010,000,000.00 10,000,000.0006/29/2017FHLMC19933134GBUF7 FAC02 06/29/2021 6671.8001.7751,46110,000,000.002.6259,953,303.99 10,000,000.0010/02/2018U.S.Treasury2048912828Y20 TRC02 07/15/2021 6832.8862.8461,01710,000,000.001.1259,852,289.29 10,000,000.0001/10/2017FHLMC19693137EAEC9 FAC02 08/12/2021 7111.9211.8951,67510,000,000.002.0009,990,817.56 10,000,000.0012/27/2016U.S.Treasury1967912828D72 TRC02 08/31/2021 7302.0482.0201,708
Portfolio CITYAP
Run Date: 09/05/2019 - 13:41 IM (PRF_IM) 7.1.1Report Ver. 7.3.6.1
20
CurrentRate
ParValue
BookValue
Sec.Type
Page 2
Fund DateMaturityAmount
Days toTotalDays 360 365
Maturity YTMMaturity
Inventory by Maturity ReportCity of Anaheim
CUSIP Investment # IssuerPurchase
Date
5,000,000.001.8504,956,522.97 5,000,000.0001/13/2017Cisco197017275RBJ0 MTN02 09/20/2021 7502.2992.2671,71110,000,000.001.2509,886,975.30 10,000,000.0005/02/2017U.S.Treasury1988912828T67 TRC02 10/31/2021 7911.7961.7711,64310,000,000.003.05010,020,073.03 10,000,000.0011/27/2018FFCB20513133EJT74 FAC02 11/15/2021 8062.9542.9141,08410,000,000.001.8759,993,176.53 10,000,000.0001/09/2017U.S.Treasury1968912828G53 TRC02 11/30/2021 8211.9071.8811,786
5,000,000.002.5504,989,768.98 5,000,000.0003/20/2017PNC Bank197769353REY0 MTN02 12/09/2021 8302.6462.6101,72514,800,000.002.80014,868,541.68 14,800,000.0001/04/2019FFCB20563133EJ3B3 FAC02 12/17/2021 8382.5892.5531,078
5,000,000.002.6255,024,457.59 5,000,000.0005/05/2017US Bank198991159HHP8 MTN02 01/24/2022 8762.4072.3741,7255,000,000.002.4004,994,774.31 5,000,000.0002/06/2017Microsoft1974594918BW3 MTN02 02/06/2022 8892.4462.4121,8262,000,000.003.1502,023,739.71 2,000,000.0005/16/2019MUFG Union Bank206490520EAH4 MTN02 04/01/2022 9432.6062.5701,051
10,000,000.001.87510,046,514.81 10,000,000.0008/30/2017U.S.Treasury19969128282P4 TRC02 07/31/2022 1,0641.7081.6841,79610,000,000.001.6259,681,606.56 10,000,000.0006/12/2018U.S.Treasury2029912828TJ9 TRC02 08/15/2022 1,0792.7732.7351,52510,000,000.002.8009,999,478.89 10,000,000.0008/23/2018FFCB20473133EJXW4 FAC02 08/23/2022 1,0872.8022.7631,46110,000,000.002.00010,010,574.38 10,000,000.0009/29/2017FHLB1997313380GJ0 FAC02 09/09/2022 1,1041.9631.9361,80610,000,000.003.12510,102,132.14 10,000,000.0012/21/2018FHLB2054313383WD9 FAC02 09/09/2022 1,1042.7662.7281,35810,000,000.003.12510,139,791.01 10,000,000.0001/16/2019FHLB2057313383WD9 FAC02 09/09/2022 1,1042.6362.6001,33210,000,000.002.0009,977,526.10 10,000,000.0010/24/2017FNMA19983135G0T78 FAC02 10/05/2022 1,1302.0772.0481,80710,000,000.001.6259,676,290.47 10,000,000.0006/28/2018U.S.Treasury2034912828TY6 TRC02 11/15/2022 1,1712.7032.6661,601
8,000,000.003.0007,985,269.66 8,000,000.0002/28/2019Met Life206159217GAX7 MTN02 01/10/2023 1,2273.0583.0161,41210,000,000.002.8509,896,419.98 10,000,000.0007/11/2018Apple2037037833BU3 MTN02 02/23/2023 1,2713.1723.1291,688
5,000,000.002.7504,941,572.94 5,000,000.0003/15/2018Berkshire Hathaway2019084670BR8 MTN02 03/15/2023 1,2913.1093.0661,8265,000,000.002.4004,853,671.76 5,000,000.0012/21/2018Apple2055037833AK6 MTN02 05/03/2023 1,3403.2613.2161,594
10,000,000.003.25010,115,820.23 10,000,000.0008/09/2018FHLB2045313383QR5 FAC02 06/09/2023 1,3772.9182.8781,76510,000,000.002.7509,959,805.01 10,000,000.0006/22/2018FHLMC20303137EAEN5 FAC02 06/19/2023 1,3872.8642.8251,82310,000,000.002.8759,972,625.92 10,000,000.0007/27/2018FFCB20423133EJUS6 FAC02 07/17/2023 1,4152.9512.9111,81610,000,000.002.8759,990,667.19 10,000,000.0008/07/2018FFCB20443133EJUS6 FAC02 07/17/2023 1,4152.9012.8611,80510,000,000.002.87510,097,597.85 10,000,000.0002/07/2019FFCB20593133EJUS6 FAC02 07/17/2023 1,4152.6072.5711,62120,000,000.003.37520,192,059.34 20,000,000.0010/12/2018FHLB2049313383YJ4 FAC02 09/08/2023 1,4683.1153.0721,79210,000,000.002.7509,938,809.27 10,000,000.0011/27/2018U.S.Treasury2052912828WE6 TRC02 11/15/2023 1,5362.9072.8671,81420,000,000.003.00020,073,806.28 20,000,000.0012/07/2018FFCB20533133EJ2B4 FAC02 12/06/2023 1,5572.9062.8671,82510,000,000.003.60010,060,737.23 10,000,000.0001/30/2019Met Life205859217GCT4 MTN02 01/11/2024 1,5933.4473.4001,80712,000,000.002.61012,009,895.42 12,000,000.0002/28/2019FFCB20603133EKBW5 FAC02 02/27/2024 1,6402.5902.5551,82520,000,000.001.85019,942,214.92 20,000,000.0007/30/2019FFCB20673133EKWV4 FAC02 07/26/2024 1,7901.9121.8861,823
Subtotal and Average 599,932,626.75 599,932,626.75599,203,875.27 2.269 2.301 776
599,932,626.75 599,932,626.75599,203,875.27Net Maturities and Average 2.269 2.301 776
Portfolio CITYAP
Run Date: 09/05/2019 - 13:41 IM (PRF_IM) 7.1.1Report Ver. 7.3.6.1
21
City of AnaheimCredit Rating Report
August 31, 2019Sorted by Moody's - Investment Number
Security #PurchasePrincipal
BookValueInvestment #
% ofTotal
Moody's RatingIssuer
MarketValue
S&P Rating
PurchaseDate
MaturityDate
Days ToMaturity
StatedRate YTM
11/26/20191851 3135G0ZY2FNMA 12/12/2014Aaa AA+5,000,400.00 5,000,019.06 4,996,550.00 86 1.750 1.748 0.8311/03/20201908 594918BG8MSFT 11/03/2015Aaa AAA3,996,800.00 3,999,249.78 4,009,040.00 429 2.000 2.017 0.6711/19/20191915 3133EFPR2FFCB 11/19/2015Aaa AA+4,000,000.00 4,000,000.00 3,996,840.00 79 1.600 1.600 0.6710/02/20191942 3137EADM8FHLMC 04/25/2016Aaa AA+10,034,600.00 10,000,867.10 9,993,200.00 31 1.250 1.147 1.6711/30/20201943 3135G0F73FNMA 05/03/2016Aaa AA+10,075,200.00 10,020,500.79 9,980,200.00 456 1.500 1.330 1.6710/02/20191949 3137EADM8FHLMC 07/13/2016Aaa AA+10,092,200.00 10,002,466.09 9,993,200.00 31 1.250 0.958 1.6708/31/20211967 912828D72US 12/27/2016Aaa AA+9,978,515.60 9,990,817.56 10,092,200.00 730 2.000 2.048 1.6711/30/20211968 912828G53US 01/09/2017Aaa AA+9,985,156.25 9,993,176.53 10,084,000.00 821 1.875 1.907 1.6708/12/20211969 3137EAEC9FHLMC 01/10/2017Aaa AA+9,651,900.00 9,852,289.29 9,927,700.00 711 1.125 1.921 1.6410/31/20201971 912828L99US 01/12/2017Aaa AA+9,880,078.10 9,963,194.00 9,958,600.00 426 1.375 1.702 1.6602/06/20221974 594918BW3MSFT 02/06/2017Aaa AAA4,989,250.00 4,994,774.31 5,085,900.00 889 2.400 2.446 0.8308/31/20201975 912828L32US 02/22/2017Aaa AA+9,900,390.60 9,971,728.28 9,959,400.00 365 1.375 1.668 1.6610/31/20211988 912828T67US 05/02/2017Aaa AA+9,765,234.40 9,886,975.30 9,944,100.00 791 1.250 1.796 1.6509/30/20201990 912828L65US 05/09/2017Aaa AA+9,909,765.60 9,971,255.98 9,957,800.00 395 1.375 1.649 1.6606/29/20211993 3134GBUF7FHLMC 06/29/2017Aaa AA+10,000,000.00 10,000,000.00 10,040,500.00 667 1.800 1.800 1.6707/31/20221996 9128282P4US 08/30/2017Aaa AA+10,078,515.60 10,046,514.81 10,122,700.00 1,064 1.875 1.708 1.6809/09/20221997 313380GJ0FHLB 09/29/2017Aaa AA+10,017,300.00 10,010,574.38 10,140,500.00 1,104 2.000 1.963 1.6710/05/20221998 3135G0T78FNMA 10/24/2017Aaa AA+9,964,070.00 9,977,526.10 10,158,900.00 1,130 2.000 2.077 1.67
2023 SYS2023WFGF 07/01/2019Aaa AAA48,156,452.51 48,156,452.51 48,156,452.51 1 1.993 1.993 8.0408/15/20222029 912828TJ9US 06/12/2018Aaa AA+9,550,000.00 9,681,606.56 10,055,500.00 1,079 1.625 2.773 1.6206/19/20232030 3137EAEN5FHLMC 06/22/2018Aaa AA+9,947,200.00 9,959,805.01 10,462,500.00 1,387 2.750 2.864 1.6611/15/20222034 912828TY6US 06/28/2018Aaa AA+9,557,421.90 9,676,290.47 10,060,900.00 1,171 1.625 2.703 1.6107/17/20232042 3133EJUS6FFCB 07/27/2018Aaa AA+9,964,900.00 9,972,625.92 10,524,800.00 1,415 2.875 2.951 1.6607/17/20232044 3133EJUS6FFCB 08/07/2018Aaa AA+9,988,100.00 9,990,667.19 10,524,800.00 1,415 2.875 2.901 1.6706/09/20232045 313383QR5FHLB 08/09/2018Aaa AA+10,148,400.00 10,115,820.23 10,646,600.00 1,377 3.250 2.918 1.6908/23/20222047 3133EJXW4FFCB 08/23/2018Aaa AA+9,999,300.00 9,999,478.89 10,365,000.00 1,087 2.800 2.802 1.6707/15/20212048 912828Y20US 10/02/2018Aaa AA+9,930,468.75 9,953,303.99 10,194,900.00 683 2.625 2.886 1.6609/08/20232049 313383YJ4FHLB 10/12/2018Aaa AA+20,234,400.00 20,192,059.34 21,476,400.00 1,468 3.375 3.115 3.3711/15/20212051 3133EJT74FFCB 11/27/2018Aaa AA+10,027,000.00 10,020,073.03 10,309,900.00 806 3.050 2.954 1.6711/15/20232052 912828WE6US 11/27/2018Aaa AA+9,927,734.38 9,938,809.27 10,539,100.00 1,536 2.750 2.907 1.6612/06/20232053 3133EJ2B4FFCB 12/07/2018Aaa AA+20,086,500.00 20,073,806.28 21,289,000.00 1,557 3.000 2.906 3.3509/09/20222054 313383WD9FHLB 12/21/2018Aaa AA+10,125,600.00 10,102,132.14 10,470,000.00 1,104 3.125 2.766 1.6912/17/20212056 3133EJ3B3FFCB 01/04/2019Aaa AA+14,888,208.00 14,868,541.68 15,209,368.00 838 2.800 2.589 2.4809/09/20222057 313383WD9FHLB 01/16/2019Aaa AA+10,168,700.00 10,139,791.01 10,470,000.00 1,104 3.125 2.636 1.69
Portfolio CITYAP
Run Date: 09/05/2019 - 13:35 CR (PRF_CR) 7.2.0Report Ver. 7.3.6.1
22
Sorted by Moody's - Investment NumberPage 2Credit Rating Report
City of Anaheim
Security #PurchasePrincipal
BookValueInvestment #
% ofTotal
Moody's RatingIssuer
MarketValue
S&P Rating
PurchaseDate
MaturityDate
Days ToMaturity
StatedRate YTM
07/17/20232059 3133EJUS6FFCB 02/07/2019Aaa AA+10,111,860.00 10,097,597.85 10,524,800.00 1,415 2.875 2.607 1.6902/27/20242060 3133EKBW5FFCB 02/28/2019Aaa AA+12,011,016.00 12,009,895.42 12,581,760.00 1,640 2.610 2.590 2.0007/15/20202063 9128282J8US 05/15/2019Aaa AA+9,906,640.60 9,930,472.39 9,972,300.00 318 1.500 2.314 1.6607/26/20242067 3133EKWV4FFCB 07/30/2019Aaa AA+19,941,200.00 19,942,214.92 20,329,800.00 1,790 1.850 1.912 3.33
987 SYS987FIDELI 07/01/2019Aaa AAA11,875,757.65 11,875,757.65 11,875,757.65 1 2.000 2.000 1.98
SubTotal for Aaa 443,866,235.94 444,379,131.11 454,480,968.16 74.162.2702.209858
05/11/20201991 037833CS7APPINC 05/19/2017Aa1 AA+7,004,200.00 7,000,979.48 6,992,370.00 253 1.800 1.779 1.1702/23/20232037 037833BU3APPINC 07/11/2018Aa1 AA+9,862,500.00 9,896,419.98 10,331,500.00 1,271 2.850 3.172 1.6505/03/20232055 037833AK6APPINC 12/21/2018Aa1 AA+4,826,000.00 4,853,671.76 5,105,300.00 1,340 2.400 3.261 0.81
SubTotal for Aa1 21,692,700.00 21,751,071.22 22,429,170.00 3.632.7442.412959
09/23/20191961 48125LRG9JPMB 10/17/2016Aa2 A+5,002,850.00 5,000,059.37 4,998,500.00 22 1.650 1.630 0.8303/15/20232019 084670BR8BRK 03/15/2018Aa2 AA4,917,450.00 4,941,572.94 5,159,350.00 1,291 2.750 3.109 0.82
SubTotal for Aa2 9,920,300.00 9,941,632.31 10,157,850.00 1.652.3652.197653
12/14/20201973 92826CAB8V 01/30/2017Aa3 AA-2,008,400.00 2,002,789.96 2,009,280.00 470 2.200 2.086 0.3304/17/20201987 89236TDU6TOYCC 04/17/2017Aa3 AA-4,997,700.00 4,999,518.70 4,995,600.00 229 1.950 1.966 0.8310/20/20202032 17325FAJ7C 06/26/2018Aa3 A+4,879,600.00 4,940,954.92 5,005,050.00 415 2.125 3.211 0.8206/12/20202036 17325FAE8C 07/11/2018Aa3 A+5,888,160.00 5,954,519.48 6,004,860.00 285 2.100 3.107 0.9901/11/20242058 59217GCT4METLIF 01/30/2019Aa3 AA-10,068,900.00 10,060,737.23 10,642,000.00 1,593 3.600 3.447 1.6801/10/20232061 59217GAX7METLIF 02/28/2019Aa3 AA-7,983,040.00 7,985,269.66 8,244,960.00 1,227 3.000 3.058 1.33
SubTotal for Aa3 35,825,800.00 35,943,789.95 36,901,750.00 5.982.9902.708881
06/15/20201933 17275RAX0CSCO 02/12/2016A1 AA-5,124,750.00 5,022,667.31 5,018,500.00 288 2.450 1.849 0.8408/07/20201936 88579YAQ4MMM 02/19/2016A1 AA-5,111,250.00 5,023,246.27 5,004,000.00 341 2.000 1.483 0.8410/08/20191950 68389XAX3ORCL 07/29/2016A1 A+5,157,500.00 5,005,071.80 5,000,050.00 37 2.250 1.240 0.8409/20/20211970 17275RBJ0CSCO 01/13/2017A1 AA-4,900,750.00 4,956,522.97 4,996,100.00 750 1.850 2.299 0.8301/15/20201972 07330NAN5BBT 01/26/2017A1 A4,999,600.00 4,999,949.86 4,999,500.00 136 2.100 2.103 0.8304/06/20201986 05565EAP0BMW 04/06/2017A1 A+4,993,200.00 4,998,646.30 4,999,450.00 218 2.150 2.197 0.8301/24/20221989 91159HHP8USB 05/05/2017A1 A+5,048,150.00 5,024,457.59 5,082,850.00 876 2.625 2.407 0.8401/23/20202014 90331HNJ8USB 01/23/2018A1 AA-4,997,750.00 4,999,556.25 5,004,400.00 144 2.350 2.373 0.83
SubTotal for A1 40,332,950.00 40,030,118.35 40,104,850.00 6.681.9932.223349
09/24/20201944 02665WAZ4HNDA 05/17/2016A2 A5,174,350.00 5,042,613.94 5,024,500.00 389 2.450 1.617 0.8410/09/20191959 24422ETJ8JDEERE 09/09/2016A2 A4,989,900.00 4,999,654.23 4,995,300.00 38 1.250 1.317 0.8310/30/20191962 438516BJ4HONIPP 10/31/2016A2 A4,996,050.00 4,999,784.21 4,993,700.00 59 1.400 1.427 0.8309/17/20201976 25468PDE3DISNEY 03/09/2017A2 A6,034,620.00 6,010,265.87 6,013,140.00 382 2.150 1.980 1.0012/09/20211977 69353REY0PNCB 03/20/2017A2 A4,978,750.00 4,989,768.98 5,057,200.00 830 2.550 2.646 0.8311/13/20192039 02665WBZ3HNDA 07/11/2018A2 A4,945,700.00 4,991,888.80 4,998,900.00 73 2.000 2.831 0.83
Portfolio CITYAP
Run Date: 09/05/2019 - 13:35 CR (PRF_CR) 7.2.0Report Ver. 7.3.6.1
23
Sorted by Moody's - Investment NumberPage 3Credit Rating Report
City of Anaheim
Security #PurchasePrincipal
BookValueInvestment #
% ofTotal
Moody's RatingIssuer
MarketValue
S&P Rating
PurchaseDate
MaturityDate
Days ToMaturity
StatedRate YTM
04/01/20222064 90520EAH4UNBC 05/16/2019A2 A2,026,420.00 2,023,739.71 2,054,060.00 943 3.150 2.606 0.34
SubTotal for A2 33,145,790.00 33,057,715.74 33,136,800.00 5.502.0082.045337
17430 SYS17430LAIF 07/01/2019None None12,161,944.64 12,161,944.64 12,161,944.64 1 2.330 2.330 2.0317432 SYS17432LAIF 07/01/2019None None1,938,471.95 1,938,471.95 1,938,471.95 1 2.330 2.330 0.32
SubTotal for No Specified Rating 14,100,416.59 14,100,416.59 14,100,416.59 2.352.3302.3301
Portfolio CITYAP
Run Date: 09/05/2019 - 13:35 CR (PRF_CR) 7.2.0Report Ver. 7.3.6.1
24
City of AnaheimSummary by Issuer
August 31, 2019
% ofPortfolio
Average Daysto Maturity
ParValueIssuer
Number ofInvestments
AverageYTM 365Book Value
Apple 21,751,071.22 3.63 2.7443 95922,000,000.00
Branch Banking & Trust 4,999,949.86 0.83 2.1031 1365,000,000.00
BMW 4,998,646.30 0.83 2.1971 2185,000,000.00
Berkshire Hathaway 4,941,572.94 0.82 3.1091 1,2915,000,000.00
Citibank 10,895,474.40 1.82 3.1542 34411,000,000.00
Cisco 9,979,190.28 1.67 2.0732 51710,000,000.00
Disney 6,010,265.87 1.00 1.9801 3826,000,000.00
FFCB 120,974,901.18 20.19 2.60210 1,330120,800,000.00
FHLB 60,560,377.10 10.11 2.7535 1,27160,000,000.00
FHLMC 49,815,427.49 8.31 1.7375 56450,000,000.00
Fidelity Govt MMF 11,875,757.65 1.98 2.0001 111,875,757.65
FNMA 24,998,045.95 4.17 1.7123 65125,000,000.00
Honda 10,034,502.74 1.67 2.2212 23210,000,000.00
Honeywell 4,999,784.21 0.83 1.4271 595,000,000.00
John Deere 4,999,654.23 0.83 1.3171 385,000,000.00
JP Morgan Chase Bank 5,000,059.37 0.83 1.6301 225,000,000.00
LAIF 14,100,416.59 2.35 2.3302 114,100,416.59
Met Life 18,046,006.89 3.01 3.2752 1,43118,000,000.00
3M Company 5,023,246.27 0.84 1.4831 3415,000,000.00
Microsoft 8,994,024.09 1.50 2.2552 6849,000,000.00
Oracle 5,005,071.80 0.84 1.2401 375,000,000.00
PNC Bank 4,989,768.98 0.83 2.6461 8305,000,000.00
Portfolio CITYAP
Run Date: 09/05/2019 - 13:29 SI (PRF_SI) 7.1.1Report Ver. 7.3.6.1
25
% ofPortfolio
Average Daysto Maturity
ParValue
Page 2Summary by IssuerCity of Anaheim
IssuerNumber of
Investments
August 31, 2019
AverageYTM 365Book Value
Toyota 4,999,518.70 0.83 1.9661 2295,000,000.00
MUFG Union Bank 2,023,739.71 0.34 2.6061 9432,000,000.00
U.S.Treasury 119,004,145.14 19.86 2.16912 780120,000,000.00
US Bank 10,024,013.84 1.67 2.3902 51110,000,000.00
Visa 2,002,789.96 0.33 2.0861 4702,000,000.00
Wells Fargo Govt Inst MMF 48,156,452.51 8.04 1.9931 148,156,452.51
Total and Average 67 599,203,875.27 100.00 2.301 777599,932,626.75
Portfolio CITYAP
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26
Page 1
August 31, 2019Interest Earnings Summary
Month EndingAugust 31 Fiscal Year To Date
Portfolio ManagementCity of Anaheim
CD/Coupon/Discount Investments:
713,230.00Interest CollectedPlus Accrued Interest at End of PeriodLess Accrued Interest at Beginning of Period
3,036,020.80( 2,754,152.70)
1,957,159.023,036,020.80
( 3,018,230.84)Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
Interest Earned during Period
Adjusted by Premiums and DiscountsAdjusted by Capital Gains or Losses
Earnings during Periods
995,098.10
30,785.640.00
1,974,948.98
118,085.490.00
1,025,883.74 2,093,034.47
Pass Through Securities:
0.00Interest CollectedPlus Accrued Interest at End of PeriodLess Accrued Interest at Beginning of Period
0.00( 0.00)
0.000.00
( 0.00)Less Accrued Interest at Purchase During Period ( 0.00) ( 0.00)
Interest Earned during Period
Adjusted by Premiums and DiscountsAdjusted by Capital Gains or Losses
Earnings during Periods
0.00
0.000.00
0.00
0.000.00
0.00 0.00
Cash/Checking Accounts:
161,471.39Interest CollectedPlus Accrued Interest at End of PeriodLess Accrued Interest at Beginning of Period
110,298.59( 190,230.61)
366,876.29110,298.59
( 205,400.90)
Interest Earned during Period 81,539.37 271,773.98
Total Interest Earned during Period
Total Adjustments from Premiums and Discounts
Total Capital Gains or Losses
Total Earnings during Period
1,076,637.47
30,785.64
0.00
2,246,722.96
118,085.49
0.00
1,107,423.11 2,364,808.45
Portfolio CITYAP
Run Date: 09/05/2019 - 13:26 PM (PRF_PM6) 7.3.0Report Ver. 7.3.6.1
27
City of AnaheimInterest Earnings
Sorted by Security Type - Maturity DateAugust 1, 2019 - August 31, 2019Yield on Beginning Book Value
MaturityDate
CurrentRate
EndingPar Value
EndingIssuerFund Book Value
BeginningBook Value
Adjusted Interest Earnings
AccretionAmortization/
EarningsAdjusted InterestAnnualized
YieldCUSIP Investment #InterestEarned
Security Type: Treasury Securities - Coupon
9,930,472.392063 10,000,000.00 1.500US 07/15/2020 12,635.87 6,777.85 19,413.722.30302 9,923,694.549128282J89,971,728.281975 10,000,000.00 1.375US 08/31/2020 11,586.99 2,401.16 13,988.151.65202 9,969,327.12912828L329,971,255.981990 10,000,000.00 1.375US 09/30/2020 11,646.17 2,255.86 13,902.031.64202 9,969,000.12912828L659,963,194.001971 10,000,000.00 1.375US 10/31/2020 11,582.88 2,678.37 14,261.251.68602 9,960,515.63912828L999,953,303.992048 10,000,000.00 2.625US 07/15/2021 22,112.77 2,119.44 24,232.212.86702 9,951,184.55912828Y209,990,817.561967 10,000,000.00 2.000US 08/31/2021 16,853.80 389.94 17,243.742.03202 9,990,427.62912828D729,886,975.301988 10,000,000.00 1.250US 10/31/2021 10,529.90 4,429.54 14,959.441.78202 9,882,545.76912828T679,993,176.531968 10,000,000.00 1.875US 11/30/2021 15,881.14 257.65 16,138.791.90202 9,992,918.88912828G53
10,046,514.811996 10,000,000.00 1.875US 07/31/2022 15,794.84 -1,355.22 14,439.621.69202 10,047,870.039128282P49,681,606.562029 10,000,000.00 1.625US 08/15/2022 13,791.32 9,147.54 22,938.862.79202 9,672,459.02912828TJ99,676,290.472034 10,000,000.00 1.625US 11/15/2022 13,688.86 8,569.59 22,258.452.71102 9,667,720.88912828TY69,938,809.272052 10,000,000.00 2.750US 11/15/2023 23,165.76 1,234.97 24,400.732.89102 9,937,574.30912828WE6
120,000,000.00Subtotal 119,004,145.14 2.159 218,176.9938,906.69179,270.30118,965,238.45
Security Type: Federal Agency Issues - Coupon
0.001946 0.00 1.250FHLMC 08/01/2019 0.00 0.00 0.0002 10,000,000.003137EADK210,000,867.101942 10,000,000.00 1.250FHLMC 10/02/2019 10,416.67 -839.12 9,577.551.12702 10,001,706.223137EADM810,002,466.091949 10,000,000.00 1.250FHLMC 10/02/2019 10,416.67 -2,386.54 8,030.130.94502 10,004,852.633137EADM8
4,000,000.001915 4,000,000.00 1.600FFCB 11/19/2019 5,333.33 0.00 5,333.331.57002 4,000,000.003133EFPR25,000,019.061851 5,000,000.00 1.750FNMA 11/26/2019 7,291.67 -6.72 7,284.951.71502 5,000,025.783135G0ZY2
10,020,500.791943 10,000,000.00 1.500FNMA 11/30/2020 12,500.00 -1,369.76 11,130.241.30802 10,021,870.553135G0F7310,000,000.001993 10,000,000.00 1.800FHLMC 06/29/2021 15,000.00 0.00 15,000.001.76602 10,000,000.003134GBUF7
9,852,289.291969 10,000,000.00 1.125FHLMC 08/12/2021 9,375.00 6,321.43 15,696.431.87702 9,845,967.863137EAEC910,020,073.032051 10,000,000.00 3.050FFCB 11/15/2021 25,416.67 -758.43 24,658.242.89702 10,020,831.463133EJT7414,868,541.682056 14,800,000.00 2.800FFCB 12/17/2021 34,533.33 -2,489.41 32,043.922.53702 14,871,031.093133EJ3B3
9,999,478.892047 10,000,000.00 2.800FFCB 08/23/2022 23,333.33 14.58 23,347.912.74902 9,999,464.313133EJXW410,139,791.012057 10,000,000.00 3.125FHLB 09/09/2022 26,041.67 -3,854.53 22,187.142.57502 10,143,645.54313383WD910,010,574.381997 10,000,000.00 2.000FHLB 09/09/2022 16,666.67 -291.58 16,375.091.92602 10,010,865.96313380GJ0
Portfolio CITYAP
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28
MaturityDate
CurrentRate
EndingPar Value
EndingIssuerFund
Page 2
Book ValueBeginning
Book Value
Adjusted Interest Earnings
AccretionAmortization/
EarningsAdjusted Interest
August 1, 2019 - August 31, 2019Interest EarningsCity of Anaheim
AnnualizedYieldCUSIP Investment #
InterestEarned
Security Type: Federal Agency Issues - Coupon
10,102,132.142054 10,000,000.00 3.125FHLB 09/09/2022 26,041.67 -2,816.14 23,225.532.70602 10,104,948.28313383WD99,977,526.101998 10,000,000.00 2.000FNMA 10/05/2022 16,666.67 605.22 17,271.892.03802 9,976,920.883135G0T78
10,115,820.232045 10,000,000.00 3.250FHLB 06/09/2023 27,083.34 -2,558.62 24,524.722.85402 10,118,378.85313383QR59,959,805.012030 10,000,000.00 2.750FHLMC 06/19/2023 22,916.67 881.47 23,798.142.81402 9,958,923.543137EAEN59,972,625.922042 10,000,000.00 2.875FFCB 07/17/2023 23,958.33 588.27 24,546.602.89802 9,972,037.653133EJUS69,990,667.192044 10,000,000.00 2.875FFCB 07/17/2023 23,958.33 200.56 24,158.892.84702 9,990,466.633133EJUS6
10,097,597.852059 10,000,000.00 2.875FFCB 07/17/2023 23,958.33 -2,097.37 21,860.962.54902 10,099,695.223133EJUS620,192,059.342049 20,000,000.00 3.375FHLB 09/08/2023 56,250.00 -3,981.88 52,268.123.04702 20,196,041.22313383YJ420,073,806.282053 20,000,000.00 3.000FFCB 12/06/2023 50,000.00 -1,442.47 48,557.532.84802 20,075,248.753133EJ2B412,009,895.422060 12,000,000.00 2.610FFCB 02/27/2024 26,100.00 -183.70 25,916.302.54102 12,010,079.123133EKBW519,942,214.922067 20,000,000.00 1.850FFCB 07/26/2024 30,833.33 982.18 31,815.511.87902 19,941,232.743133EKWV4
255,800,000.00Subtotal 256,348,751.72 2.333 508,609.12-15,482.56524,091.68266,364,234.28
Security Type: LAIF
12,161,944.6417430 12,161,944.64 2.330LAIF 24,467.16 0.00 24,467.162.36901 12,161,944.64SYS174301,938,471.9517432 1,938,471.95 2.330LAIF 3,899.78 0.00 3,899.782.36901 1,938,471.95SYS17432
14,100,416.59Subtotal 14,100,416.59 2.369 28,366.940.0028,366.9414,100,416.59
Security Type: Money Market Mutual Fund
11,875,757.65987 11,875,757.65 2.000FIDELI 18,419.93 0.00 18,419.933.60601 6,013,954.95SYS98748,156,452.512023 48,156,452.51 1.993WFGF 34,752.50 0.00 34,752.502.37302 17,243,673.93SYS2023
60,032,210.16Subtotal 60,032,210.16 2.692 53,172.430.0053,172.4323,257,628.88
Security Type: Medium Term Notes
0.001955 0.00 1.100MSFT 08/08/2019 1,069.44 33.38 1,102.821.15002 4,999,966.62594918BN35,000,059.371961 5,000,000.00 1.650JPMB 09/23/2019 6,875.00 -80.97 6,794.031.60002 5,000,140.3448125LRG95,005,071.801950 5,000,000.00 2.250ORCL 10/08/2019 9,375.00 -4,112.27 5,262.731.23702 5,009,184.0768389XAX34,999,654.231959 5,000,000.00 1.250JDEERE 10/09/2019 5,208.34 272.97 5,481.311.29102 4,999,381.2624422ETJ84,999,784.211962 5,000,000.00 1.400HONIPP 10/30/2019 5,833.34 109.72 5,943.061.40002 4,999,674.49438516BJ44,991,888.802039 5,000,000.00 2.000HNDA 11/13/2019 8,333.33 3,379.67 11,713.002.76502 4,988,509.1302665WBZ34,999,949.861972 5,000,000.00 2.100BBT 01/15/2020 8,750.00 11.23 8,761.232.06302 4,999,938.6307330NAN54,999,556.252014 5,000,000.00 2.350USB 01/23/2020 9,791.67 93.75 9,885.422.32802 4,999,462.5090331HNJ84,998,646.301986 5,000,000.00 2.150BMW 04/06/2020 8,958.33 188.89 9,147.222.15502 4,998,457.4105565EAP04,999,518.701987 5,000,000.00 1.950TOYCC 04/17/2020 8,125.00 63.89 8,188.891.92902 4,999,454.8189236TDU67,000,979.481991 7,000,000.00 1.800APPINC 05/11/2020 10,500.00 -117.53 10,382.471.74602 7,001,097.01037833CS75,954,519.482036 6,000,000.00 2.100C 06/12/2020 10,500.00 4,855.57 15,355.573.03902 5,949,663.9117325FAE8
Portfolio CITYAP
Run Date: 09/05/2019 - 13:40 IE (PRF_IE) 7.2.0Report Ver. 7.3.6.1
29
MaturityDate
CurrentRate
EndingPar Value
EndingIssuerFund
Page 3
Book ValueBeginning
Book Value
Adjusted Interest Earnings
AccretionAmortization/
EarningsAdjusted Interest
August 1, 2019 - August 31, 2019Interest EarningsCity of Anaheim
AnnualizedYieldCUSIP Investment #
InterestEarned
Security Type: Medium Term Notes
5,022,667.311933 5,000,000.00 2.450CSCO 06/15/2020 10,208.33 -2,394.43 7,813.901.83102 5,025,061.7417275RAX05,023,246.271936 5,000,000.00 2.000MMM 08/07/2020 8,333.34 -2,075.56 6,257.781.46602 5,025,321.8388579YAQ46,010,265.871976 6,000,000.00 2.150DISNEY 09/17/2020 10,750.00 -819.08 9,930.921.94502 6,011,084.9525468PDE35,042,613.941944 5,000,000.00 2.450HNDA 09/24/2020 10,208.33 -3,337.91 6,870.421.60302 5,045,951.8502665WAZ44,940,954.922032 5,000,000.00 2.125C 10/20/2020 8,854.16 4,330.94 13,185.103.14502 4,936,623.9817325FAJ73,999,249.781908 4,000,000.00 2.000MSFT 11/03/2020 6,666.66 53.34 6,720.001.97802 3,999,196.44594918BG82,002,789.961973 2,000,000.00 2.200V 12/14/2020 3,666.67 -180.77 3,485.902.04902 2,002,970.7392826CAB84,956,522.971970 5,000,000.00 1.850CSCO 09/20/2021 7,708.34 1,764.97 9,473.312.25102 4,954,758.0017275RBJ04,989,768.981977 5,000,000.00 2.550PNCB 12/09/2021 10,625.00 375.22 11,000.222.59602 4,989,393.7669353REY05,024,457.591989 5,000,000.00 2.625USB 01/24/2022 10,937.50 -850.21 10,087.292.36302 5,025,307.8091159HHP84,994,774.311974 5,000,000.00 2.400MSFT 02/06/2022 10,000.00 179.17 10,179.172.40002 4,994,595.14594918BW32,023,739.712064 2,000,000.00 3.150UNBC 04/01/2022 5,250.00 -765.80 4,484.202.60802 2,024,505.5190520EAH47,985,269.662061 8,000,000.00 3.000METLIF 01/10/2023 20,000.00 365.52 20,365.523.00302 7,984,904.1459217GAX79,896,419.982037 10,000,000.00 2.850APPINC 02/23/2023 23,750.00 2,481.95 26,231.953.12202 9,893,938.03037833BU34,941,572.942019 5,000,000.00 2.750BRK 03/15/2023 11,458.34 1,375.83 12,834.173.05902 4,940,197.11084670BR84,853,671.762055 5,000,000.00 2.400APPINC 05/03/2023 10,000.00 3,320.61 13,320.613.23402 4,850,351.15037833AK6
10,060,737.232058 10,000,000.00 3.600METLIF 01/11/2024 30,000.00 -1,160.58 28,839.423.37502 10,061,897.8159217GCT4
150,000,000.00Subtotal 149,718,351.66 2.335 299,097.637,361.51291,736.12154,710,990.15
599,932,626.75Total 599,203,875.27 2.312 1,107,423.1130,785.641,076,637.47577,398,508.35
Portfolio CITYAP
Run Date: 09/05/2019 - 13:40 IE (PRF_IE) 7.2.0Report Ver. 7.3.6.1
30
City of AnaheimAccrued Interest
Sorted by Security Type - Maturity DateAugust 1, 2019 - August 31, 2019
MaturityDate
SecurityType
CurrentRate
ParValue
* BeginningAccrued Interest
* EndingAccrued Interest
Adjusted Acc'd Int.at Purchase
During PeriodCUSIP Investment #InterestEarned
InterestReceived
Treasury Securities - Coupon
6,929.3520639128282J8 10,000,000.00 1.500TRC 07/15/2020 12,635.87 0.00 19,565.220.0057,540.761975912828L32 10,000,000.00 1.375TRC 08/31/2020 11,586.99 0.00 69,127.750.0046,209.021990912828L65 10,000,000.00 1.375TRC 09/30/2020 11,646.17 0.00 57,855.190.0034,748.641971912828L99 10,000,000.00 1.375TRC 10/31/2020 11,582.88 0.00 46,331.520.0012,126.362048912828Y20 10,000,000.00 2.625TRC 07/15/2021 22,112.77 0.00 34,239.130.0083,695.651967912828D72 10,000,000.00 2.000TRC 08/31/2021 16,853.80 0.00 100,549.450.0031,589.671988912828T67 10,000,000.00 1.250TRC 10/31/2021 10,529.90 0.00 42,119.570.0031,762.301968912828G53 10,000,000.00 1.875TRC 11/30/2021 15,881.14 0.00 47,643.440.00
509.5119969128282P4 10,000,000.00 1.875TRC 07/31/2022 15,794.84 0.00 16,304.350.0074,965.472029912828TJ9 10,000,000.00 1.625TRC 08/15/2022 13,791.32 81,250.00 7,506.790.0034,442.932034912828TY6 10,000,000.00 1.625TRC 11/15/2022 13,688.86 0.00 48,131.790.0058,288.042052912828WE6 10,000,000.00 2.750TRC 11/15/2023 23,165.76 0.00 81,453.800.00
472,807.70120,000,000.00Subtotal 570,828.00179,270.30 81,250.000.00
Federal Agency Issues - Coupon
62,500.0019463137EADK2 0.00 1.250FAC 08/01/2019 0.00 62,500.00 0.000.0041,319.4419423137EADM8 10,000,000.00 1.250FAC 10/02/2019 10,416.67 0.00 51,736.110.0041,319.4419493137EADM8 10,000,000.00 1.250FAC 10/02/2019 10,416.67 0.00 51,736.110.0012,800.0019153133EFPR2 4,000,000.00 1.600FAC 11/19/2019 5,333.33 0.00 18,133.330.0015,798.6118513135G0ZY2 5,000,000.00 1.750FAC 11/26/2019 7,291.67 0.00 23,090.280.0025,416.6719433135G0F73 10,000,000.00 1.500FAC 11/30/2020 12,500.00 0.00 37,916.670.0016,000.0019933134GBUF7 10,000,000.00 1.800FAC 06/29/2021 15,000.00 0.00 31,000.000.0052,812.5019693137EAEC9 10,000,000.00 1.125FAC 08/12/2021 9,375.00 56,250.00 5,937.500.0064,388.8920513133EJT74 10,000,000.00 3.050FAC 11/15/2021 25,416.67 0.00 89,805.560.0050,648.8920563133EJ3B3 14,800,000.00 2.800FAC 12/17/2021 34,533.33 0.00 85,182.220.00
122,888.8920473133EJXW4 10,000,000.00 2.800FAC 08/23/2022 23,333.33 140,000.00 6,222.220.0078,888.891997313380GJ0 10,000,000.00 2.000FAC 09/09/2022 16,666.67 0.00 95,555.560.00
123,263.892054313383WD9 10,000,000.00 3.125FAC 09/09/2022 26,041.67 0.00 149,305.560.00123,263.892057313383WD9 10,000,000.00 3.125FAC 09/09/2022 26,041.67 0.00 149,305.560.00
64,444.4419983135G0T78 10,000,000.00 2.000FAC 10/05/2022 16,666.67 0.00 81,111.110.0046,944.442045313383QR5 10,000,000.00 3.250FAC 06/09/2023 27,083.34 0.00 74,027.780.0032,083.3320303137EAEN5 10,000,000.00 2.750FAC 06/19/2023 22,916.67 0.00 55,000.000.0011,180.5620423133EJUS6 10,000,000.00 2.875FAC 07/17/2023 23,958.33 0.00 35,138.890.0011,180.5620443133EJUS6 10,000,000.00 2.875FAC 07/17/2023 23,958.33 0.00 35,138.890.00
Portfolio CITYAC
Run Date: 09/05/2019 - 13:33 AI (PRF_AI) 7.2.8Report Ver. 7.3.6.1
* Beginning Accrued may not include investments that redeemed in the previous month that had outstanding accrued interest. Ending Accrued includes outstanding purchase interest.
31
MaturityDate
SecurityType
CurrentRate
ParValue
Sorted by Security Type - Maturity Date Page 2
* BeginningAccrued Interest
* EndingAccrued Interest
Adjusted Acc'd Int.at Purchase
During Period
Accrued InterestCity of Anaheim
CUSIP Investment #InterestEarned
InterestReceived
Federal Agency Issues - Coupon
11,180.5620593133EJUS6 10,000,000.00 2.875FAC 07/17/2023 23,958.33 0.00 35,138.890.00268,125.002049313383YJ4 20,000,000.00 3.375FAC 09/08/2023 56,250.00 0.00 324,375.000.00
91,666.6720533133EJ2B4 20,000,000.00 3.000FAC 12/06/2023 50,000.00 0.00 141,666.670.00133,980.0020603133EKBW5 12,000,000.00 2.610FAC 02/27/2024 26,100.00 156,600.00 3,480.000.00
5,138.8920673133EKWV4 20,000,000.00 1.850FAC 07/26/2024 30,833.33 0.00 35,972.220.00
1,507,234.45255,800,000.00Subtotal 1,615,976.13524,091.68 415,350.000.00
LAIF
24,808.9617430SYS17430 12,161,944.64 2.330PA1 24,467.16 0.00 49,276.120.003,954.2617432SYS17432 1,938,471.95 2.330PA1 3,899.78 0.00 7,854.040.00
28,763.2214,100,416.59Subtotal 57,130.1628,366.94 0.000.00
Money Market Mutual Fund
85,202.70987SYS987 11,875,757.65 2.000PA2 18,419.93 85,202.70 18,419.930.0076,264.692023SYS2023 48,156,452.51 1.993PA2 34,752.50 76,268.69 34,748.500.00
161,467.3960,032,210.16Subtotal 53,168.4353,172.43 161,471.390.00
Medium Term Notes
26,430.561955594918BN3 0.00 1.100MTN 08/08/2019 1,069.44 27,500.00 0.000.0029,333.33196148125LRG9 5,000,000.00 1.650MTN 09/23/2019 6,875.00 0.00 36,208.330.0035,312.50195068389XAX3 5,000,000.00 2.250MTN 10/08/2019 9,375.00 0.00 44,687.500.0019,444.44195924422ETJ8 5,000,000.00 1.250MTN 10/09/2019 5,208.34 0.00 24,652.780.0017,694.441962438516BJ4 5,000,000.00 1.400MTN 10/30/2019 5,833.34 0.00 23,527.780.0021,666.67203902665WBZ3 5,000,000.00 2.000MTN 11/13/2019 8,333.33 0.00 30,000.000.00
4,666.67197207330NAN5 5,000,000.00 2.100MTN 01/15/2020 8,750.00 0.00 13,416.670.002,611.11201490331HNJ8 5,000,000.00 2.350MTN 01/23/2020 9,791.67 0.00 12,402.780.00
34,340.28198605565EAP0 5,000,000.00 2.150MTN 04/06/2020 8,958.33 0.00 43,298.610.0028,166.67198789236TDU6 5,000,000.00 1.950MTN 04/17/2020 8,125.00 0.00 36,291.670.0028,000.001991037833CS7 7,000,000.00 1.800MTN 05/11/2020 10,500.00 0.00 38,500.000.0017,150.00203617325FAE8 6,000,000.00 2.100MTN 06/12/2020 10,500.00 0.00 27,650.000.0015,652.78193317275RAX0 5,000,000.00 2.450MTN 06/15/2020 10,208.33 0.00 25,861.110.0048,333.33193688579YAQ4 5,000,000.00 2.000MTN 08/07/2020 8,333.34 50,000.00 6,666.670.0048,016.67197625468PDE3 6,000,000.00 2.150MTN 09/17/2020 10,750.00 0.00 58,766.670.0043,215.28194402665WAZ4 5,000,000.00 2.450MTN 09/24/2020 10,208.33 0.00 53,423.610.0029,809.03203217325FAJ7 5,000,000.00 2.125MTN 10/20/2020 8,854.16 0.00 38,663.190.0019,555.561908594918BG8 4,000,000.00 2.000MTN 11/03/2020 6,666.66 0.00 26,222.220.00
5,744.44197392826CAB8 2,000,000.00 2.200MTN 12/14/2020 3,666.67 0.00 9,411.110.0033,659.72197017275RBJ0 5,000,000.00 1.850MTN 09/20/2021 7,708.34 0.00 41,368.060.00
Portfolio CITYAC
Run Date: 09/05/2019 - 13:33 AI (PRF_AI) 7.2.8Report Ver. 7.3.6.1
* Beginning Accrued may not include investments that redeemed in the previous month that had outstanding accrued interest. Ending Accrued includes outstanding purchase interest.
32
MaturityDate
SecurityType
CurrentRate
ParValue
Sorted by Security Type - Maturity Date Page 3
* BeginningAccrued Interest
* EndingAccrued Interest
Adjusted Acc'd Int.at Purchase
During Period
Accrued InterestCity of Anaheim
CUSIP Investment #InterestEarned
InterestReceived
Medium Term Notes
18,416.67197769353REY0 5,000,000.00 2.550MTN 12/09/2021 10,625.00 0.00 29,041.670.002,552.08198991159HHP8 5,000,000.00 2.625MTN 01/24/2022 10,937.50 0.00 13,489.580.00
58,333.331974594918BW3 5,000,000.00 2.400MTN 02/06/2022 10,000.00 60,000.00 8,333.330.0025,200.00206490520EAH4 2,000,000.00 3.150MTN 04/01/2022 5,250.00 0.00 30,450.000.0014,000.00206159217GAX7 8,000,000.00 3.000MTN 01/10/2023 20,000.00 0.00 34,000.000.00
125,083.332037037833BU3 10,000,000.00 2.850MTN 02/23/2023 23,750.00 142,500.00 6,333.330.0051,944.442019084670BR8 5,000,000.00 2.750MTN 03/15/2023 11,458.34 0.00 63,402.780.0029,333.332055037833AK6 5,000,000.00 2.400MTN 05/03/2023 10,000.00 0.00 39,333.330.0020,000.00205859217GCT4 10,000,000.00 3.600MTN 01/11/2024 30,000.00 0.00 50,000.000.00
853,666.66150,000,000.00Subtotal 865,402.78291,736.12 280,000.000.00
0.00599,932,626.75Total 3,162,505.501,076,637.47 938,071.393,023,939.42
Portfolio CITYAC
Run Date: 09/05/2019 - 13:33 AI (PRF_AI) 7.2.8Report Ver. 7.3.6.1
* Beginning Accrued may not include investments that redeemed in the previous month that had outstanding accrued interest. Ending Accrued includes outstanding purchase interest.
33
City of Anaheim
Sorted By Investment TypeSales/Calls/Maturities: August 1, 2019 - August 31, 2019
Realized Gains and Losses
Investment #
Maturity DateCurrent Rate
Par Value
Book ValueMaturity/Sale
ProceedsRealized
Gain/Loss
Sale DateTotal
Earnings Yield 365Inv.Type
PurchaseDate Term
Days Held
Net EarningsTotal Total
Issuer
Federal Agency Issues - Coupon
370,143.8910,000,000.0019461.250 08/01/2019
10,000,000.00 10,000,000.00 0.00FAC 08/01/2019 370,143.8905/24/2016 1.1611,1641,164
FHLMC
370,143.8910,000,000.00 10,000,000.00 0.00 370,143.89 1.161Federal Agency Issues - Coupon Subtotals
Medium Term Notes
170,150.005,000,000.0019551.100 08/08/2019
5,000,000.00 5,000,000.00 0.00MTN 08/08/2019 170,150.0008/08/2016 1.1341,0951,095
Microsoft
170,150.005,000,000.00 5,000,000.00 0.00 170,150.00 1.134Medium Term Notes Subtotals
540,293.8915,000,000.00 15,000,000.00 0.00 540,293.89 1.152Total Realized Gains/Losses
Portfolio CITYAP
Run Date: 09/05/2019 - 13:39 CG (PRF_CGR1) 7.1.1Report Ver. 7.3.6.1
34
City of AnaheimTransaction Activity Report
August 1, 2019 - August 31, 2019Sorted by Fund - Transaction Date
All Funds
TotalCashInterest
PrincipalPaydowns
NewPrincipalFundInvestment # IssuerTransactionDateTransactionTypeInv DescripCUSIP
1946 02 10,000,000.00 10,000,000.00FHLMC08/01/2019RedemptionFEDERAL HOME LN3137EADK21946 02 62,500.00 62,500.00FHLMC08/01/2019InterestFEDERAL HOME LN3137EADK21974 02 60,000.00 60,000.00Microsoft08/06/2019InterestMICROSOFT CORP,594918BW31936 02 50,000.00 50,000.003M Company08/07/2019InterestMMM 2.% MAT88579YAQ41955 02 5,000,000.00 5,000,000.00Microsoft08/08/2019RedemptionMICROSOFT CORP,594918BN31955 02 27,500.00 27,500.00Microsoft08/08/2019InterestMICROSOFT CORP,594918BN31969 02 56,250.00 56,250.00FHLMC08/12/2019InterestFEDERAL HOME LN3137EAEC92029 02 81,250.00 81,250.00U.S.Treasury08/15/2019InterestUNITED STATES912828TJ92037 02 142,500.00 142,500.00Apple08/23/2019InterestAPPLE INC, SR GLBL037833BU32047 02 140,000.00 140,000.00FFCB08/23/2019InterestFEDERAL FARM CR3133EJXW42060 02 156,600.00 156,600.00FFCB08/27/2019InterestFEDERAL FARM CR3133EKBW52060 02 870.00 -870.00 0.00FFCB08/27/2019Accr IntFEDERAL FARM CR3133EKBW51967 02 100,000.00 100,000.00U.S.Treasury09/03/2019InterestUNITED STATES912828D721975 02 68,750.00 68,750.00U.S.Treasury09/03/2019InterestUNITED STATES912828L32
Totals for LONG-TERM PORTFOLIO 15,000,870.00 944,480.00 15,945,350.00
Grand Total 15,000,870.00 944,480.00 15,945,350.00
Portfolio CITYAP
Run Date: 09/05/2019 - 13:31 TA (PRF_TA) 7.1.1Report Ver. 7.3.6.1
35
Monthly Economic and Market Update
August 2019
36
Economic and Market Update
*Estimates for the current quarter/month, some data are lagged Sources: FTN Main Street and Bloomberg
8/31/19
Item 8/31/19 7/31/19 Change
U.S. Payrolls Monthly Change 130,000 159,000 (29,000)
Unemployment Rate 3.7% 3.7% 0.0%
Labor Force Participation 63.2% 63.0% 0.2%
Effective Fed Funds Rate 2.13% 2.40% (0.27%)
2 Year T-Note 1.51% 1.87% (0.37%)
3 Month T-Bill 1.98% 2.07% (0.08%)
3 Year T-Note 1.43% 1.83% (0.40%)
5 Year T-Note 1.39% 1.83% (0.44%)
10 Year T-Note 1.50% 2.02% (0.52%)
U.S. Fed Debt Avg Yield* 2.52% 2.49% 0.03%
30 Year Mortgage Rate 3.69% 3.87% (0.18%)
1-5 Yr Agency Spread 0.03% 0.06% (0.03%)
1-5 Yr A-AAA Corporate Spread 0.49% 0.45% 0.04%
Dow Jones 26,403 26,864 (1.7%)
S&P 500 2,926 2,980 (1.8%)
Consumer Price Index YOY* 1.5% 1.8% (0.3%)
U.S. Avg Regular Unleaded $2.58 $2.72 ($0.14)
Retail Sales YOY* 3.5% 3.4% 0.1%
Case-Shiller Home Prices YOY* 2.1% 2.4% (0.2%)
Consumer Confidence 135.1 135.8 (0.7)
Gold (per ounce) $1,520.38 $1,413.78 $106.60
Dollar Index 98.92 98.52 0.40
37
Economic and Market Update
* Real Rate (Inflation Adjusted)
Source: Bureau of Economic Analysis
Estimate: Bloomberg's Survey of Economists
As of: 8/31/19
8/31/19
2.0
-1.0
2.9
-0.1
4.7
3.2
1.7
0.5
0.5
3.6
0.5
3.2
3.2
-1.1
5.5
5.0
2.3
3.2
3.0
1.3
0.1
2.0
1.9 2
.2
2.0 2
.3
2.2
3.2 3
.5
2.5
3.5
2.9
1.1
3.1
2.0
1.8 1.9
1.8 2
.0
-2
-1
0
1
2
3
4
5
6
Q4
20
10
Q1
20
11
Q2
20
11
Q3
20
11
Q4
20
11
Q1
20
12
Q2
20
12
Q3
20
12
Q4
20
12
Q1
20
13
Q2
20
13
Q3
20
13
Q4
20
13
Q1
20
14
Q2
20
14
Q3
20
14
Q4
20
14
Q1
20
15
Q2
20
15
Q3
20
15
Q4
20
15
Q1
20
16
Q2
20
16
Q3
20
16
Q4
20
16
Q1
20
17
Q2
20
17
Q3
20
17
Q4
20
17
Q1
20
18
Q2
20
18
Q3
20
18
Q4
20
18
Q1
20
19
Q2
20
19
Q3
20
19
Q4
20
19
Q1
20
20
Q2
20
20
Pe
rce
nt
U.S. GDP (Quarter over Quarter Annualized)*
Estimates
38
Economic and Market Update
Source: Bureau of Labor Statistics
12 Month Average Job Change 172,833
8/31/19
0
50
100
150
200
250
300
350
400
Feb
-15
May
-15
Au
g-1
5
No
v-1
5
Feb
-16
May
-16
Au
g-1
6
No
v-1
6
Feb
-17
May
-17
Au
g-1
7
No
v-1
7
Feb
-18
May
-18
Au
g-1
8
No
v-1
8
Feb
-19
May
-19
Au
g-1
9
Tho
usa
nd
s
U.S. Monthly Non-Farm Payrolls Change
2
3
4
5
6
7
8
Feb
-15
May
-15
Au
g-1
5
No
v-1
5
Feb
-16
May
-16
Au
g-1
6
No
v-1
6
Feb
-17
May
-17
Au
g-1
7
No
v-1
7
Feb
-18
May
-18
Au
g-1
8
No
v-1
8
Feb
-19
May
-19
Au
g-1
9
Pe
rce
nt
Unemployment RatesNevada
U.S.A
California
Idaho
Washington
39
Economic and Market Update
Source: Bureau of Labor Statistics
8/31/19
128129130131132133134135136137138139140141142143144145146147148149150151152153
Au
g-0
9
Mar
-10
Oct
-10
May
-11
De
c-1
1
Jul-
12
Feb
-13
Sep
-13
Ap
r-1
4
No
v-1
4
Jun
-15
Jan
-16
Au
g-1
6
Mar
-17
Oct
-17
May
-18
De
c-1
8
Jul-
19
Mill
ion
s
U.S. Number of EmployedFull-Time and Part-TIme
62.0
62.5
63.0
63.5
64.0
64.5
65.0
65.5
66.0
Au
g-0
9
Mar
-10
Oct
-10
May
-11
De
c-1
1
Jul-
12
Feb
-13
Sep
-13
Ap
r-1
4
No
v-1
4
Jun
-15
Jan
-16
Au
g-1
6
Mar
-17
Oct
-17
May
-18
De
c-1
8
Jul-
19
Pe
rce
nt
U.S. Labor Force Participation Rate
40
Economic and Market Update
Source: Department of Labor and Bloomberg
8/31/19
Weekly Initial Jobless Claims is the actual number of people who have filed for Unemployment benefits for the first time. The following five eligibility criteria must be met in order to file for
unemployment benefits: 1. Meet the requirements of time worked during a 1 year period (full time or not). 2. Become unemployed through no fault of your own (cannot be fired). 3. Must
be able to work; no physical or mental holdbacks. 4. Must be available for work. 5. Must be actively seeking work.
200
250
300
350
400
450
500
550
600
650
700
19
92
19
93
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
20
17
20
18
Tho
usa
nd
s
Weekly Initial Jobless Claims (4 Week Moving Average)
41
Economic and Market Update
*Real: Inflation Adjusted
Source: U.S. Census Bureau Source: Conference Board
8/31/19
-0.6-0.4-0.2
00.20.40.60.8
11.21.41.61.8
22.22.42.62.8
33.23.43.63.8
44.2
Feb
-15
May
-15
Au
g-1
5
No
v-1
5
Feb
-16
May
-16
Au
g-1
6
No
v-1
6
Feb
-17
May
-17
Au
g-1
7
No
v-1
7
Feb
-18
May
-18
Au
g-1
8
No
v-1
8
Feb
-19
May
-19
Pe
rce
nt
U.S. Real* Retail Sales YOY % Change
20
40
60
80
100
120
140
Feb
-09
Au
g-0
9
Feb
-10
Au
g-1
0
Feb
-11
Au
g-1
1
Feb
-12
Au
g-1
2
Feb
-13
Au
g-1
3
Feb
-14
Au
g-1
4
Feb
-15
Au
g-1
5
Feb
-16
Au
g-1
6
Feb
-17
Au
g-1
7
Feb
-18
Au
g-1
8
Feb
-19
Au
g-1
9
Ind
ex
Val
ue
U.S. Consumer Confidence
42
Economic and Market Update
CPIX: Consumer Price Index, excluding food and energy PCEC: Personal Consumption Expenditure Core
Source: Bureau of Labor Statistics and Bureau of Economic Analysis
8/31/19
-0.5
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
Feb
-15
May
-15
Au
g-1
5
No
v-1
5
Feb
-16
May
-16
Au
g-1
6
No
v-1
6
Feb
-17
May
-17
Au
g-1
7
No
v-1
7
Feb
-18
May
-18
Au
g-1
8
No
v-1
8
Feb
-19
May
-19
Pe
rce
nt
CPI and CPIX YOY % Change
CPI CPIX
0.0
0.5
1.0
1.5
2.0
2.5
3.0
Feb
-15
May
-15
Au
g-1
5
No
v-1
5
Feb
-16
May
-16
Au
g-1
6
No
v-1
6
Feb
-17
May
-17
Au
g-1
7
No
v-1
7
Feb
-18
May
-18
Au
g-1
8
No
v-1
8
Feb
-19
May
-19
Pe
rce
nt
PCE and PCEC YOY % ChangePCE PCEC
43
Economic and Market Update
Sources: New (U.S. Census Bureau),Existing (National Assoc. of Realtors)
Source: Case-Shiller Seasonally Adjusted Annual Rate
8/31/19
-6
-4
-2
0
2
4
6
8
10
12
14
Mar
-11
Au
g-1
1
Jan
-12
Jun
-12
No
v-1
2
Ap
r-1
3
Sep
-13
Feb
-14
Jul-
14
Dec
-14
May
-15
Oct
-15
Mar
-16
Au
g-1
6
Jan
-17
Jun
-17
No
v-1
7
Ap
r-1
8
Sep
-18
Feb
-19
YO
Y P
erc
en
t
Case-Shiller 20 City U.S. Home Price IndexYOY % Increase
200
300
400
500
600
700
800
3.0
3.5
4.0
4.5
5.0
5.5
6.0
Feb
-11
Au
g-1
1
Feb
-12
Au
g-1
2
Feb
-13
Au
g-1
3
Feb
-14
Au
g-1
4
Feb
-15
Au
g-1
5
Feb
-16
Au
g-1
6
Feb
-17
Au
g-1
7
Feb
-18
Au
g-1
8
Feb
-19
Ne
w-T
ho
usa
nd
s
Exis
tin
g-M
illio
ns
U.S. New and Existing Home Sales
Existing-Left
New-Right
44
Economic and Market Update
Source: U.S. Treasury
8/31/19
$9
$10
$11
$12
$13
$14
$15
$16
$17
$18
$19
$20
$21
$22
$23
Au
g-0
9
Feb
-10
Au
g-1
0
Feb
-11
Au
g-1
1
Feb
-12
Au
g-1
2
Feb
-13
Au
g-1
3
Feb
-14
Au
g-1
4
Feb
-15
Au
g-1
5
Feb
-16
Au
g-1
6
Feb
-17
Au
g-1
7
Feb
-18
Au
g-1
8
Feb
-19
Trill
ion
s
U.S. Federal Debt Outstanding
1.9
2.0
2.1
2.2
2.3
2.4
2.5
2.6
2.7
Au
g-0
9
Feb
-10
Au
g-1
0
Feb
-11
Au
g-1
1
Feb
-12
Au
g-1
2
Feb
-13
Au
g-1
3
Feb
-14
Au
g-1
4
Feb
-15
Au
g-1
5
Feb
-16
Au
g-1
6
Feb
-17
Au
g-1
7
Feb
-18
Au
g-1
8
Feb
-19
Pe
rce
nt
U.S. Treasury Interest Bearing Debt Avg Rate
45
Economic and Market Update
Fed Funds Anticipated Rate from the June 19, 2019 FOMC Meeting
Source: Bloomberg
8/31/19
0.80
1.00
1.20
1.40
1.60
1.80
2.00
2.20
2.40
2.60
Sep
-20
19
Oct
-20
19
No
v-2
01
9
Dec
-20
19
Jan
-20
20
Feb
-20
20
Mar
-20
20
Ap
r-2
02
0
May
-20
20
Jun
-20
20
Jul-
20
20
Au
g-2
02
0
Sep
-20
20
Oct
-20
20
No
v-2
02
0
Dec
-20
20
Jan
-20
21
Feb
-20
21
Mar
-20
21
Ap
r-2
02
1
May
-20
21
Jun
-20
21
Jul-
20
21
Au
g-2
02
1
Sep
-20
21
Oct
-20
21
No
v-2
02
1
Dec
-20
21
Jan
-20
22
Feb
-20
22
Mar
-20
22
Ap
r-2
02
2
May
-20
22
Jun
-20
22
Jul-
20
22
Au
g-2
02
2
Pe
rce
nt
Fed Funds vs. Fed's Anticipated Fed Funds Rate (Fed Dots)
Fed's Anticipated Rates
Fed Funds Futures
46
Economic and Market Update
Source: Bloomberg
Figures may not total due to rounding
3M
Maturity
-0.371.511.872Y
-0.231.771.991Y
-0.201.872.076M
-0.081.982.07
2.02 1.50 -0.52
Change8/30/197/31/19
8/31/19
3Y 1.83 1.43 -0.40
30Y 2.53 1.96 -0.56
5Y 1.83 1.39 -0.44
10Y
1.3
1.5
1.7
1.9
2.1
2.3
2.5
2.7
3M 6M 1Y 2Y 3Yr 5Y 10Y 30Y
Pe
rce
nt
U.S. Treasury Yield Curve Change
8/30/19
7/31/19
-60
-50
-40
-30
-20
-10
0
3M
6M 1Y
2Y
3Yr 5Y
10
Y
30
Y
Bas
is P
oin
ts
Basis Point Change
47
Economic and Market Update
Source: Bloomberg
8/31/19
-0.25
0.00
0.25
0.50
0.75
1.00
1.25
1.50
1.75
2.00
2.25
2.50
2.75
Au
g-1
4
No
v-1
4
Feb
-15
May
-15
Au
g-1
5
No
v-1
5
Feb
-16
May
-16
Au
g-1
6
No
v-1
6
Feb
-17
May
-17
Au
g-1
7
No
v-1
7
Feb
-18
May
-18
Au
g-1
8
No
v-1
8
Feb
-19
May
-19
Pe
rce
nt
U.S. Treasury Yields: 3M and 1Y
1Y
3M
0.00
0.25
0.50
0.75
1.00
1.25
1.50
1.75
2.00
2.25
2.50
2.75
3.00
3.25
Au
g-1
4
No
v-1
4
Feb
-15
May
-15
Au
g-1
5
No
v-1
5
Feb
-16
May
-16
Au
g-1
6
No
v-1
6
Feb
-17
May
-17
Au
g-1
7
No
v-1
7
Feb
-18
May
-18
Au
g-1
8
No
v-1
8
Feb
-19
May
-19
Pe
rce
nt
U.S. Treasury Yields: 2Y and 5Y
5Y
2Y
48
Economic and Market Update
Source: Bloomberg
8/31/19
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Jan
-54
Jan
-56
Jan
-58
Jan
-60
Jan
-62
Jan
-64
Jan
-66
Jan
-68
Jan
-70
Jan
-72
Jan
-74
Jan
-76
Jan
-78
Jan
-80
Jan
-82
Jan
-84
Jan
-86
Jan
-88
Jan
-90
Jan
-92
Jan
-94
Jan
-96
Jan
-98
Jan
-00
Jan
-02
Jan
-04
Jan
-06
Jan
-08
Jan
-10
Jan
-12
Jan
-14
Jan
-16
Jan
-18
Jan
-20
Pe
rce
nt
U.S. Treasury Yields 2Yr and 5Yr - Fed Funds Target Rate
5Yr
2Yr
Fed Funds
49
Economic and Market Update
Source: Bloomberg
8/31/19
Global Treasury Rates
2 Year Yields 5 Year Yields 10 Year Yields
-1.17%
-0.93%
-0.84%
-0.65%
-0.57%
-0.31%
-0.22%
0.38%
0.72%
1.35%
1.50%
-4.0% -2.0% 0.0% 2.0% 4.0%
Switzlnd
Germany
France
Portugal
Spain
Japan
Italy
England
Australia
Canada
USA
-1.14%
-0.93%
-0.77%
-0.37%
-0.35%
-0.35%
0.33%
0.38%
0.67%
1.19%
1.39%
-4.0% -2.0% 0.0% 2.0% 4.0%
Switzlnd
Germany
France
Spain
Japan
Portugal
England
Italy
Australia
Canada
USA
-1.05%
-0.70%
-0.41%
-0.28%
0.10%
0.12%
0.48%
0.89%
1.00%
1.16%
1.50%
-2.0% 0.0% 2.0%
Switzlnd
Germany
France
Japan
Spain
Portugal
England
Australia
Italy
Canada
USA
50
Economic and Market Update
*ICE BofAML Index (option adjusted spread vs. Treasury) *ICE BofAML Index (option adjusted spread vs. Treasury)
1-5Yr Non-Callable Agency (GVPB) Corporate A-AAA Excluding Yankee (CVAC)
Source: ICE BofAML Indices
8/31/19
Current Spread is 3 Current Spread is 49
0
50
100
150
200
250
300
350
400
450
500
550
600
650
Jul-
05
Jul-
06
Jul-
07
Jul-
08
Jul-
09
Jul-
10
Jul-
11
Jul-
12
Jul-
13
Jul-
14
Jul-
15
Jul-
16
Jul-
17
Jul-
18
Jul-
19
Bas
is P
oin
ts
Spread: 1-5Yr Agency* vs Treasury
0
50
100
150
200
250
300
350
400
450
500
550
600
650
Jul-
05
Jul-
06
Jul-
07
Jul-
08
Jul-
09
Jul-
10
Jul-
11
Jul-
12
Jul-
13
Jul-
14
Jul-
15
Jul-
16
Jul-
17
Jul-
18
Jul-
19
Bas
is P
oin
ts
Spread: 1-5Yr A-AAA Corporate vs Treasury
51
Economic and Market Update
*ICE BofAML Index (option adjusted spread vs. Treasury) *ICE BofAML Index (option adjusted spread vs. Treasury)
AAA Rated ABS (R0A1) CMO Agency 0-3Yr PAC (CM1P)
Source: ICE BofAML Indices
8/31/19
Current Spread is 37 Current Spread is 39
0
50
100
150
200
250
300
350
400
450
500
550
600
650
700
750
800
Jul-
05
Jul-
06
Jul-
07
Jul-
08
Jul-
09
Jul-
10
Jul-
11
Jul-
12
Jul-
13
Jul-
14
Jul-
15
Jul-
16
Jul-
17
Jul-
18
Jul-
19
Bas
is P
oin
ts
Spread: AAA Asset Backed vs Treasury
-150
-100
-50
0
50
100
150
200
250
300
Jul-
05
Jul-
06
Jul-
07
Jul-
08
Jul-
09
Jul-
10
Jul-
11
Jul-
12
Jul-
13
Jul-
14
Jul-
15
Jul-
16
Jul-
17
Jul-
18
Jul-
19
Bas
is P
oin
ts
Spread: 0-3Yr Agency CMO vs Treasury
52
Economic and Market Update
Source: Bloomberg
8/31/19
-6.3
-4.8 -4.6-4.1
-3.3-2.3 -1.9 -1.9 -1.7 -1.7 -1.4
0.2 0.5 0.7 0.8 1.0
2.32.8
3.7 3.9
7.7
11.0
(8)
(6)
(4)
(2)
0
2
4
6
8
10
12
Per
cen
t
Selected Sector Monthly Total Returns
53
Economic and Market Update
Source: Bloomberg
8/31/19
-22.1-20.6
-15.1
-8.7 -7.7 -6.5
-3.1-1.3
1.3 2.4 2.7 3.9 4.36.7 6.7 7.3 7.8
10.3
13.8 14.5
25.026.6
(30)
(20)
(10)
0
10
20
30
Per
cen
t
Selected Sector Year-Over-Year Total Returns
54
Economic and Market Update
Source: Bloomberg, FTN Main Street
8/31/19
1.30
1.40
1.50
1.60
1.70
1.80
1.90
7/3
1/1
9
8/1
/19
8/2
/19
8/3
/19
8/4
/19
8/5
/19
8/6
/19
8/7
/19
8/8
/19
8/9
/19
8/1
0/1
9
8/1
1/1
9
8/1
2/1
9
8/1
3/1
9
8/1
4/1
9
8/1
5/1
9
8/1
6/1
9
8/1
7/1
9
8/1
8/1
9
8/1
9/1
9
8/2
0/1
9
8/2
1/1
9
8/2
2/1
9
8/2
3/1
9
8/2
4/1
9
8/2
5/1
9
8/2
6/1
9
8/2
7/1
9
8/2
8/1
9
8/2
9/1
9
8/3
0/1
9
8/3
1/1
9
Pe
rce
nt
5 Year Treasury Note Yield
CPI Prints Higher Than Expected
EU Purchasing Manager Data Surprises to the
Upside
Trump Accuses China of Currency Manipulation
US 30Yr Treasury Closes Under 2 Percent for First
Time Ever
10Y to 2Y Treasuries Invert For First Time This Cycle, Flashing
Recession Signs
FOMC Chairman Jay Powell Highlights Global Challenges;
Trump Orders US Companies to Leave China
Trump Imposes Tariffs on Remaining $300 bill of
Chinese Imports
55
Economic and Market Update
NI USS
Source: Bloomberg, FTN Main Street
8/31/19
25,400
25,600
25,800
26,000
26,200
26,400
26,600
26,800
27,000
7/3
1/1
9
8/1
/19
8/2
/19
8/3
/19
8/4
/19
8/5
/19
8/6
/19
8/7
/19
8/8
/19
8/9
/19
8/1
0/1
9
8/1
1/1
9
8/1
2/1
9
8/1
3/1
9
8/1
4/1
9
8/1
5/1
9
8/1
6/1
9
8/1
7/1
9
8/1
8/1
9
8/1
9/1
9
8/2
0/1
9
8/2
1/1
9
8/2
2/1
9
8/2
3/1
9
8/2
4/1
9
8/2
5/1
9
8/2
6/1
9
8/2
7/1
9
8/2
8/1
9
8/2
9/1
9
8/3
0/1
9
8/3
1/1
9
Dow Jones Industrial Average
Hong Kong Unrest Give Investors
Jitters
China Accused of Currency
Manipulation
China Says it Wants to "Calm
Trade Resolution"
Trump Adds New Tariffs on China
Stocks Rebound as China Stabilizes
Currency Concerns
Powell Speaks, Trump Tweets, Market Freaks
Yield Curve Inverts for First Time this Cycle, as
30yr Treasury hits lowest point on record
Reports of Stimulus Efforts in China and
Germany
56
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