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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
December 2019
10655 Park Run Drive, Suite 120 | Summerlin, NV 89144 | Phone 702.575.6600 | www.FHNMainStreet.com
Portfolio Summary
U.S.TreasuryFFCB
Market Value FHLBBook Value Wells Fargo Govt Inst MMFVariance FHLMC
Fidelity Govt MMFPar Value Apple
FNMANet Asset Value Met Life
LAIFBook Yield Citibank
HondaYears to Maturity Cisco
Wells Fargo BankEffective Duration Microsoft
Book Value is Amortized
2.29% 2.32%
2.07 2.17
2.00 2.11 1.6%
12/31/2019
SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (MOODY'S)
City of Anaheim
ACCOUNT SUMMARY MONTH-END PORTFOLIO BOOK YIELD TOP ISSUERS
Issuer % Portfolio 20.6% 20.3% 10.5% 8.6% 5.2% 4.4% 3.8% 3.5% 3.1% 2.5% 1.9% 1.7% 1.7% 1.6%
12/31/19 11/30/19
$586,768,846 $573,684,042 $577,068,573 $563,843,802
$9,700,273 $9,840,241
$577,237,864 $564,014,840
$101.681 $101.745
Agy 39.4%
Corp 23.6%
Supra 0.9%
Tsy 20.6%
LAIF 2.5%
33.7%
18.0%16.8%
22.2%
9.4%
0%
5%
10%
15%
20%
25%
30%
35%
40%
0-1Y 1-2Y 2-3Y 3-4Y 4-5Y
2.5%
0.0%
4.3%
4.3%
6.2%
2.5%
3.8%
76.4%
0.0%
0% 25% 50% 75% 100%
NR-LAIF
A3
A2
A1
Aa3
Aa2
Aa1
Aaa
P-1
2.10%
2.15%
2.20%
2.25%
2.30%
2.35%
2.40%
2.45%
Jan
-19
Feb
-19
Mar
-19
Ap
r-1
9
May
-19
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
De
c-1
9
NR: Not RatedPer Book ValuePer Book Value
Per Book Value
2
Investment Policy ComplianceCity of Anaheim 12/31/2019
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: $2 Mil
Item / Sector Parameters
Local Agency Investment Fund #2
Local Agency Investment Fund #1
In Compliance
2.07 YrsYes:
20.6%Yes:
Weighted Average Maturity Weighted Average Maturity (WAM) must be less than 3 years.
U.S. Treasuries
39.4%
$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
0.9%
23.6%Yes:
Yes:
Yes: 0.0%
13.0%
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 $550.1 $555.2 $563.8 $577.1 $570.5
Figures in Millions, Month End Book Value
City of Anaheim 12/31/2019
$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 $550.1 $555.2 $563.8 $577.1 $570.5
Figures in Millions, Month End Book Value
City of Anaheim 12/31/2019
$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
City of Anaheim 12/31/2019
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
Total 2.29% 100.00%
*Based on Book Value
0 to .5 1.74% 20.35%
1.80% 1.73%
1.5 to 2.0 2.30%
3.5 to 4.0 2.93% 13.91%
4.5 to 5.0 1.93%
1.0 to 1.5
16.26%
City of Anaheim 12/31/2019
Years
Purchase
Yield
% of
Portfolio*
4.67%
4.0 to 4.5 2.81% 4.72%
.5 to 1.0 1.85% 13.33%
3.0 to 3.5 3.04% 8.28%
2.0 to 2.5 2.25% 2.95%
2.5 to 3.0 2.43% 13.81%
1.74%
1.85%1.80%
2.30%2.25%
2.43%
3.04%
2.93%
2.81%
1.93%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
-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 Analysis12/31/2019
-100 Basis Points $598,386,869 $11,618,023 1.98%
Interest Rate Change Portfolio Value Value Change Percent Change
City of Anaheim
-75 Basis Points $595,250,003 $8,481,157 1.45%
-50 Basis Points $592,345,497 $5,576,651 0.95%
-25 Basis Points $589,440,991 $2,672,145 0.46%
No Change $586,768,846 $0 0.00%
+25 Basis Points $583,656,624 -$3,112,222 -0.53%
+100 Basis Points $574,798,762 -$11,970,084 -2.04%
+50 Basis Points $580,544,402 -$6,224,444 -1.06%
+75 Basis Points $577,671,582 -$9,097,264 -1.55%
1.98%
1.45%
0.95%
0.46%
0.00%
-0.53%
-1.06%
-1.55%
-2.04%-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
Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20
$89.4 $0.0 $0.0 $10.0 $7.0 $11.0 $10.0 $15.0 $21.0 $15.0 $14.0 $2.0
Par Value in Millions
Maturities
City of Anaheim 12/31/2019
$89.4
$0.0 $0.0
$10.0 $7.0
$11.0 $10.0
$15.0
$21.0
$15.0 $14.0
$2.0
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20
Mill
ion
s
9
Historical Sector Allocation
Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19
Agency 41.9% 41.6% 43.4% 42.3% 40.1% 39.1% 46.1% 42.8% 43.0% 42.6% 40.3% 39.4%
Supra 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.9% 0.9% 0.9%
Treasury 18.0% 17.7% 18.4% 17.9% 18.5% 18.1% 20.6% 19.9% 21.6% 21.4% 21.1% 20.6%
Commercial Paper 4.1% 2.4% 2.5% 2.4% 2.3% 7.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Corporates 27.2% 28.0% 29.2% 28.4% 26.4% 23.5% 26.8% 25.0% 25.4% 24.3% 25.6% 23.6%
Negotiable CDs 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
MMF 6.5% 8.1% 4.2% 6.7% 10.4% 10.3% 4.0% 10.0% 7.4% 8.3% 9.6% 13.0%
LAIF 2.3% 2.3% 2.3% 2.3% 2.2% 2.1% 2.4% 2.4% 2.6% 2.6% 2.5% 2.5%
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
City of Anaheim 12/31/2019
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19
AGY
TSY
CP
MMF
LAIF
CORP
Supra
10
Issuer AllocationCity of Anaheim 12/31/2019
0.3%
0.4%
0.9%
0.9%
0.9%
0.9%
0.9%
0.9%
0.9%
0.9%
1.4%
1.6%
1.6%
1.7%
1.7%
1.9%
2.5%
3.1%
3.5%
3.8%
4.4%
5.2%
8.6%
10.5%
20.3%
20.6%
0% 5% 10% 15% 20% 25%
Visa
MUFG Union Bank
Berkshire Hathaway
IBRD
PNC Bank
BMW
Toyota
3M Company
US Bank
New York Life
Disney
Microsoft
Wells Fargo Bank
Cisco
Honda
Citibank
LAIF
Met Life
FNMA
Apple
Fidelity Govt MMF
FHLMC
Wells Fargo Govt Inst MMF
FHLB
FFCB
U.S.Treasury
11
Purchase Yield and Weighted Avg MaturityCity of Anaheim 12/31/2019
MMF
LAIF
Agy
Tsy
Corp
Supra
1.20%
1.40%
1.60%
1.80%
2.00%
2.20%
2.40%
2.60%
2.80%
-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 $3,491 $4,584 $5,660 $6,746
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun2.27% 2.29% 2.31% 2.33% 2.35% 2.26%
Custom Benchmark* 2.18% 2.20% 2.20% 2.21% 2.22% 2.22%0.09% 0.09% 0.11% 0.12% 0.13% 0.04%
*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)
12/31/2019
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 3 Year Inception
0.17% 0.47% 1.33% 4.47% 3.20% 2.46% 2.42%
0.14% 0.39% 1.11% 3.86% 2.73% 2.04% 2.00%
0.02% 0.08% 0.21% 0.62% 0.47% 0.42% 0.43%
City of Anaheim 12/31/2019
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.
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
1 Month 3 Month FYTD 1 Year 2 Year 3 Year Inception**
Portfolio
Benchmark*
14
Investment Activity
Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-1971 74 72 71 73 74 73 69 67 65 65 63
Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-193 3 1 0 2 2 1 0 0 2 2 11 3 1 0 1 1 4 2 4 2 3 24 6 2 0 3 3 5 2 4 4 5 3
City of Anaheim 12/31/2019
Purchases
Total Transactions
Positions
Redemptions
60
65
70
75
80
Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19
Po
siti
on
s
Number of Positions at Month End
0
1
2
3
4
5
Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-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
December 31, 2019Portfolio Summary
% ofPortfolio
BookValueInvestments
MarketValue
ParValue
Days toMaturityTerm
YTM360 Equiv.
YTM365 Equiv.
Treasury Securities - Coupon 119,157,261.74 1,43620.65 2.139658120,648,900.00120,000,000.00 2.169Federal Agency Issues - Coupon 227,296,398.76 1,63839.39 2.4931,114233,640,272.00226,800,000.00 2.528LAIF 14,187,271.01 12.46 2.002114,187,271.0114,187,271.01 2.030Money Market Mutual Fund 75,250,593.10 113.04 1.501175,250,593.1075,250,593.10 1.522Medium Term Notes 136,188,835.48 1,44023.60 2.432734138,046,360.00136,000,000.00 2.466Supranationals 4,988,212.85 8350.86 1.7157714,995,450.005,000,000.00 1.739
577,068,572.94 100.00%Investments
586,768,846.11577,237,864.11 1,289 754 2.257 2.289
Current YearDecember 31
1,086,582.34Fiscal Year To Date
6,746,447.11
Average Daily Balance
Effective Rate of Return
566,448,106.55 581,542,128.70
2.30%2.26%
Total Earnings Month Ending
__________________________________________________ ____________________Debbie Moreno, Finance Director
Portfolio CITYAP
Reporting period 12/01/2019-12/31/2019
Run Date: 01/07/2020 - 09:29 PM (PRF_PM1) 7.3.0Report Ver. 7.3.6.1
16
Moody's
Page 1
Par Value Book ValueMaturity
DateStated
RateMarket Value
December 31, 2019Portfolio Details - Investments
AverageBalanceIssuer
Portfolio ManagementCity of Anaheim
S&PYTM365CUSIP Investment #
PurchaseDate
Treasury Securities - Coupon
AaaU.S.Treasury1967 10,000,000.00 9,992,352.16 08/31/20212.00012/27/2016 10,066,000.00 2.048912828D72 AA+AaaU.S.Treasury1968 10,000,000.00 9,994,190.49 11/30/20211.87501/09/2017 10,058,200.00 1.907912828G53 AA+AaaU.S.Treasury1971 10,000,000.00 9,973,734.68 10/31/20201.37501/12/2017 9,977,000.00 1.702912828L99 AA+AaaU.S.Treasury1975 10,000,000.00 9,981,178.01 08/31/20201.37502/22/2017 9,983,200.00 1.668912828L32 AA+AaaU.S.Treasury1988 10,000,000.00 9,904,407.68 10/31/20211.25005/02/2017 9,939,800.00 1.796912828T67 AA+AaaU.S.Treasury1990 10,000,000.00 9,980,133.88 09/30/20201.37505/09/2017 9,979,700.00 1.649912828L65 AA+AaaU.S.Treasury1996 10,000,000.00 10,041,181.34 07/31/20221.87508/30/2017 10,070,700.00 1.7089128282P4 AA+AaaU.S.Treasury2029 10,000,000.00 9,717,606.56 08/15/20221.62506/12/2018 10,009,400.00 2.773912828TJ9 AA+AaaU.S.Treasury2034 10,000,000.00 9,710,015.97 11/15/20221.62506/28/2018 10,007,400.00 2.703912828TY6 AA+AaaU.S.Treasury2048 10,000,000.00 9,961,645.00 07/15/20212.62510/02/2018 10,155,500.00 2.886912828Y20 AA+AaaU.S.Treasury2052 10,000,000.00 9,943,669.47 11/15/20232.75011/27/2018 10,408,200.00 2.907912828WE6 AA+AaaU.S.Treasury2063 10,000,000.00 9,957,146.50 07/15/20201.50005/15/2019 9,993,800.00 2.3149128282J8 AA+
119,157,261.74 2.169120,648,900.00120,000,000.00119,138,435.93Subtotal and Average
Federal Agency Issues - Coupon
AaaFFCB2042 10,000,000.00 9,974,978.99 07/17/20232.87507/27/2018 10,425,100.00 2.9513133EJUS6 AA+AaaFFCB2044 10,000,000.00 9,991,469.44 07/17/20232.87508/07/2018 10,425,100.00 2.9013133EJUS6 AA+AaaFFCB2047 10,000,000.00 9,999,537.22 08/23/20222.80008/23/2018 10,307,400.00 2.8023133EJXW4 AA+AaaFFCB2051 10,000,000.00 10,017,039.33 11/15/20213.05011/27/2018 10,262,900.00 2.9543133EJT74 AA+AaaFFCB2053 20,000,000.00 20,068,036.41 12/06/20233.00012/07/2018 21,030,800.00 2.9063133EJ2B4 AA+AaaFFCB2056 14,800,000.00 14,858,584.05 12/17/20212.80001/04/2019 15,149,132.00 2.5893133EJ3B3 AA+AaaFFCB2059 10,000,000.00 10,089,208.35 07/17/20232.87502/07/2019 10,425,100.00 2.6073133EJUS6 AA+AaaFFCB2060 12,000,000.00 12,009,160.61 02/27/20242.61002/28/2019 12,423,840.00 2.5903133EKBW5 AA+AaaFFCB2067 20,000,000.00 19,946,143.65 07/26/20241.85007/30/2019 20,082,400.00 1.9123133EKWV4 AA+AaaFHLB1997 10,000,000.00 10,009,408.09 09/09/20222.00009/29/2017 10,109,200.00 1.963313380GJ0 AA+AaaFHLB2045 10,000,000.00 10,105,585.75 06/09/20233.25008/09/2018 10,536,400.00 2.918313383QR5 AA+AaaFHLB2049 20,000,000.00 20,176,131.82 09/08/20233.37510/12/2018 21,218,200.00 3.115313383YJ4 AA+AaaFHLB2054 10,000,000.00 10,090,867.56 09/09/20223.12512/21/2018 10,399,800.00 2.766313383WD9 AA+AaaFHLB2057 10,000,000.00 10,124,372.89 09/09/20223.12501/16/2019 10,399,800.00 2.636313383WD9 AA+AaaFHLMC1969 10,000,000.00 9,877,575.00 08/12/20211.12501/10/2017 9,926,200.00 1.9213137EAEC9 AA+AaaFHLMC1993 10,000,000.00 10,000,000.00 06/29/20211.80006/29/2017 10,028,900.00 1.8003134GBUF7 AA+AaaFHLMC2030 10,000,000.00 9,963,330.88 06/19/20232.75006/22/2018 10,386,000.00 2.8643137EAEN5 AA+AaaFNMA1943 10,000,000.00 10,015,021.74 11/30/20201.50005/03/2016 9,996,500.00 1.3303135G0F73 AA+AaaFNMA1998 10,000,000.00 9,979,946.98 10/05/20222.00010/24/2017 10,107,500.00 2.0773135G0T78 AA+
Portfolio CITYAP
Run Date: 01/07/2020 - 09:29 PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.117
Moody's
Page 2
Par Value Book ValueMaturity
DateStated
RateMarket Value
December 31, 2019Portfolio Details - Investments
AverageBalanceIssuer
Portfolio ManagementCity of Anaheim
S&PYTM365CUSIP Investment #
PurchaseDate
227,296,398.76 2.528233,640,272.00226,800,000.00227,302,130.16Subtotal and Average
LAIF
LAIF17430 12,236,858.64 12,236,858.64 2.03012,236,858.64 2.030SYS17430LAIF17432 1,950,412.37 1,950,412.37 2.0301,950,412.37 2.030SYS17432
14,187,271.01 2.03014,187,271.0114,187,271.0114,187,271.01Subtotal and Average
Money Market Mutual Fund
AaaFidelity Govt MMF987 25,362,643.56 25,362,643.56 1.49025,362,643.56 1.490SYS987 AAAAaaWells Fargo Govt Inst MMF2023 49,887,949.54 49,887,949.54 1.53849,887,949.54 1.538SYS2023 AAA
75,250,593.10 1.52275,250,593.1075,250,593.1060,526,627.91Subtotal and Average
Medium Term Notes
Aa1Apple1991 7,000,000.00 7,000,509.33 05/11/20201.80005/19/2017 6,993,700.00 1.779037833CS7 AA+Aa1Apple2037 10,000,000.00 9,906,347.77 02/23/20232.85007/11/2018 10,286,000.00 3.172037833BU3 AA+Aa1Apple2055 5,000,000.00 4,866,954.20 05/03/20232.40012/21/2018 5,085,300.00 3.261037833AK6 AA+
A1BMW1986 5,000,000.00 4,999,401.85 04/06/20202.15004/06/2017 5,003,450.00 2.19705565EAP0 A+Aa2Berkshire Hathaway2019 5,000,000.00 4,947,076.28 03/15/20232.75003/15/2018 5,127,100.00 3.109084670BR8 AAAa3Citibank2032 5,000,000.00 4,958,278.66 10/20/20202.12506/26/2018 5,006,050.00 3.21117325FAJ7 A+Aa3Citibank2036 6,000,000.00 5,973,941.77 06/12/20202.10007/11/2018 6,002,940.00 3.10717325FAE8 A+
A1Cisco1933 5,000,000.00 5,013,089.57 06/15/20202.45002/12/2016 5,014,800.00 1.84917275RAX0 AA-A1Cisco1970 5,000,000.00 4,963,582.84 09/20/20211.85001/13/2017 5,003,450.00 2.29917275RBJ0 AA-A2Disney1976 6,000,000.00 6,006,989.53 09/17/20202.15003/09/2017 6,015,480.00 1.98025468PDE3 AA2Disney2072 2,000,000.00 1,982,510.42 08/30/20241.75012/30/2019 1,980,720.00 1.947254687FK7 AA2Honda1944 5,000,000.00 5,029,262.32 09/24/20202.45005/17/2016 5,017,650.00 1.61702665WAZ4 AA2Honda2068 5,000,000.00 5,030,198.14 09/10/20242.15010/07/2019 5,003,950.00 2.01402665WDD0 A
Aa3Met Life2058 10,000,000.00 10,056,094.89 01/11/20243.60001/30/2019 10,580,500.00 3.44759217GCT4 AA-Aa3Met Life2061 8,000,000.00 7,986,731.72 01/10/20233.00002/28/2019 8,231,600.00 3.05859217GAX7 AA-
A13M Company1936 5,000,000.00 5,014,944.03 08/07/20202.00002/19/2016 4,998,200.00 1.48388579YAQ4 AA-AaaMicrosoft1908 4,000,000.00 3,999,463.11 11/03/20202.00011/03/2015 4,008,480.00 2.017594918BG8 AAAAaaMicrosoft1974 5,000,000.00 4,995,490.97 02/06/20222.40002/06/2017 5,070,700.00 2.446594918BW3 AAAAaaNew York Life2070 5,000,000.00 5,162,347.51 04/10/20242.87511/15/2019 5,158,800.00 2.07664952WDG5 AA+
A2PNC Bank1977 5,000,000.00 4,991,269.86 12/09/20212.55003/20/2017 5,060,500.00 2.64669353REY0 AAa3Toyota1987 5,000,000.00 4,999,774.26 04/17/20201.95004/17/2017 4,999,900.00 1.96689236TDU6 AA-
A2MUFG Union Bank2064 2,000,000.00 2,020,676.52 04/01/20223.15005/16/2019 2,046,940.00 2.66890520EAH4 AA1US Bank1989 5,000,000.00 5,021,056.77 01/24/20222.62505/05/2017 5,079,300.00 2.40791159HHP8 A+
Portfolio CITYAP
Run Date: 01/07/2020 - 09:29 PM (PRF_PM2) 7.3.0
18
Moody's
Page 3
Par Value Book ValueMaturity
DateStated
RateMarket Value
December 31, 2019Portfolio Details - Investments
AverageBalanceIssuer
Portfolio ManagementCity of Anaheim
S&PYTM365CUSIP Investment #
PurchaseDate
Medium Term Notes
Aa3Visa1973 2,000,000.00 2,002,066.86 12/14/20202.20001/30/2017 2,007,960.00 2.08692826CAB8 AA-Aa2Wells Fargo Bank2071 9,000,000.00 9,260,776.30 10/22/20213.62511/20/2019 9,262,890.00 1.98394988J5T0 A+
136,188,835.48 2.466138,046,360.00136,000,000.00140,305,646.61Subtotal and Average
Supranationals
AaaIBRD2069 5,000,000.00 4,988,212.85 02/10/20221.62510/29/2019 4,995,450.00 1.739459058DY6 AAA
4,988,212.85 1.7394,995,450.005,000,000.004,987,994.93Subtotal and Average
2.289566,448,106.55 577,237,864.11 586,768,846.11 577,068,572.94Total and Average
Portfolio CITYAP
Run Date: 01/07/2020 - 09:29 PM (PRF_PM2) 7.3.0
19
Moody's
Page 4
Par Value Book ValueStated
RateMarket Value
December 31, 2019Portfolio Details - Cash
AverageBalanceIssuer
Portfolio ManagementCity of Anaheim
S&PYTM365CUSIP Investment #
PurchaseDate
0.00
2.289566,448,106.55 577,237,864.11
Average Balance
586,768,846.11 577,068,572.94Total Cash and Investments
Portfolio CITYAP
Run Date: 01/07/2020 - 09:29 PM (PRF_PM2) 7.3.0
20
City of AnaheimInventory by Maturity Report
December 31, 2019
CurrentRate
ParValue
BookValue
Sec.TypeFund Date
MaturityAmount
Days toTotalDays 360 365
Maturity YTMMaturityCUSIP Investment # Issuer
PurchaseDate
12,236,858.642.03012,236,858.64 12,236,858.6407/01/2019LAIF17430SYS17430 PA101 12.0302.00211,950,412.372.0301,950,412.37 1,950,412.3707/01/2019LAIF17432SYS17432 PA101 12.0302.0021
49,887,949.541.53849,887,949.54 49,887,949.5407/01/2019Wells Fargo Govt Inst MMF2023SYS2023 PA202 11.5381.517125,362,643.561.49025,362,643.56 25,362,643.5607/01/2019Fidelity Govt MMF987SYS987 PA201 11.4901.4701
5,000,000.002.1504,999,401.85 5,000,000.0004/06/2017BMW198605565EAP0 MTN02 04/06/2020 962.1972.1671,0965,000,000.001.9504,999,774.26 5,000,000.0004/17/2017Toyota198789236TDU6 MTN02 04/17/2020 1071.9661.9391,0967,000,000.001.8007,000,509.33 7,000,000.0005/19/2017Apple1991037833CS7 MTN02 05/11/2020 1311.7791.7551,0886,000,000.002.1005,973,941.77 6,000,000.0007/11/2018Citibank203617325FAE8 MTN02 06/12/2020 1633.1073.0657025,000,000.002.4505,013,089.57 5,000,000.0002/12/2016Cisco193317275RAX0 MTN02 06/15/2020 1661.8491.8241,585
10,000,000.001.5009,957,146.50 10,000,000.0005/15/2019U.S.Treasury20639128282J8 TRC02 07/15/2020 1962.3142.2824275,000,000.002.0005,014,944.03 5,000,000.0002/19/20163M Company193688579YAQ4 MTN02 08/07/2020 2191.4831.4631,631
10,000,000.001.3759,981,178.01 10,000,000.0002/22/2017U.S.Treasury1975912828L32 TRC02 08/31/2020 2431.6681.6451,2866,000,000.002.1506,006,989.53 6,000,000.0003/09/2017Disney197625468PDE3 MTN02 09/17/2020 2601.9801.9521,2885,000,000.002.4505,029,262.32 5,000,000.0005/17/2016Honda194402665WAZ4 MTN02 09/24/2020 2671.6171.5951,591
10,000,000.001.3759,980,133.88 10,000,000.0005/09/2017U.S.Treasury1990912828L65 TRC02 09/30/2020 2731.6491.6271,2405,000,000.002.1254,958,278.66 5,000,000.0006/26/2018Citibank203217325FAJ7 MTN02 10/20/2020 2933.2113.167847
10,000,000.001.3759,973,734.68 10,000,000.0001/12/2017U.S.Treasury1971912828L99 TRC02 10/31/2020 3041.7021.6791,3884,000,000.002.0003,999,463.11 4,000,000.0011/03/2015Microsoft1908594918BG8 MTN02 11/03/2020 3072.0171.9891,827
10,000,000.001.50010,015,021.74 10,000,000.0005/03/2016FNMA19433135G0F73 FAC02 11/30/2020 3341.3301.3121,6722,000,000.002.2002,002,066.86 2,000,000.0001/30/2017Visa197392826CAB8 MTN02 12/14/2020 3482.0862.0581,414
10,000,000.001.80010,000,000.00 10,000,000.0006/29/2017FHLMC19933134GBUF7 FAC02 06/29/2021 5451.8001.7751,46110,000,000.002.6259,961,645.00 10,000,000.0010/02/2018U.S.Treasury2048912828Y20 TRC02 07/15/2021 5612.8862.8461,01710,000,000.001.1259,877,575.00 10,000,000.0001/10/2017FHLMC19693137EAEC9 FAC02 08/12/2021 5891.9211.8951,67510,000,000.002.0009,992,352.16 10,000,000.0012/27/2016U.S.Treasury1967912828D72 TRC02 08/31/2021 6082.0482.0201,708
5,000,000.001.8504,963,582.84 5,000,000.0001/13/2017Cisco197017275RBJ0 MTN02 09/20/2021 6282.2992.2671,7119,000,000.003.6259,260,776.30 9,000,000.0011/20/2019Wells Fargo Bank207194988J5T0 MTN02 10/22/2021 6601.9831.956702
10,000,000.001.2509,904,407.68 10,000,000.0005/02/2017U.S.Treasury1988912828T67 TRC02 10/31/2021 6691.7961.7711,64310,000,000.003.05010,017,039.33 10,000,000.0011/27/2018FFCB20513133EJT74 FAC02 11/15/2021 6842.9542.9141,08410,000,000.001.8759,994,190.49 10,000,000.0001/09/2017U.S.Treasury1968912828G53 TRC02 11/30/2021 6991.9071.8811,786
5,000,000.002.5504,991,269.86 5,000,000.0003/20/2017PNC Bank197769353REY0 MTN02 12/09/2021 7082.6462.6101,72514,800,000.002.80014,858,584.05 14,800,000.0001/04/2019FFCB20563133EJ3B3 FAC02 12/17/2021 7162.5892.5531,078
5,000,000.002.6255,021,056.77 5,000,000.0005/05/2017US Bank198991159HHP8 MTN02 01/24/2022 7542.4072.3741,7255,000,000.002.4004,995,490.97 5,000,000.0002/06/2017Microsoft1974594918BW3 MTN02 02/06/2022 7672.4462.4121,8265,000,000.001.6254,988,212.85 5,000,000.0010/29/2019IBRD2069459058DY6 NC302 02/10/2022 7711.7391.7158352,000,000.003.1502,020,676.52 2,000,000.0005/16/2019MUFG Union Bank206490520EAH4 MTN02 04/01/2022 8212.6682.6321,051
Portfolio CITYAP
Run Date: 01/07/2020 - 09:38 IM (PRF_IM) 7.1.1Report Ver. 7.3.6.1
21
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
10,000,000.001.87510,041,181.34 10,000,000.0008/30/2017U.S.Treasury19969128282P4 TRC02 07/31/2022 9421.7081.6841,79610,000,000.001.6259,717,606.56 10,000,000.0006/12/2018U.S.Treasury2029912828TJ9 TRC02 08/15/2022 9572.7732.7351,52510,000,000.002.8009,999,537.22 10,000,000.0008/23/2018FFCB20473133EJXW4 FAC02 08/23/2022 9652.8022.7631,46110,000,000.002.00010,009,408.09 10,000,000.0009/29/2017FHLB1997313380GJ0 FAC02 09/09/2022 9821.9631.9361,80610,000,000.003.12510,090,867.56 10,000,000.0012/21/2018FHLB2054313383WD9 FAC02 09/09/2022 9822.7662.7281,35810,000,000.003.12510,124,372.89 10,000,000.0001/16/2019FHLB2057313383WD9 FAC02 09/09/2022 9822.6362.6001,33210,000,000.002.0009,979,946.98 10,000,000.0010/24/2017FNMA19983135G0T78 FAC02 10/05/2022 1,0082.0772.0481,80710,000,000.001.6259,710,015.97 10,000,000.0006/28/2018U.S.Treasury2034912828TY6 TRC02 11/15/2022 1,0492.7032.6661,601
8,000,000.003.0007,986,731.72 8,000,000.0002/28/2019Met Life206159217GAX7 MTN02 01/10/2023 1,1053.0583.0161,41210,000,000.002.8509,906,347.77 10,000,000.0007/11/2018Apple2037037833BU3 MTN02 02/23/2023 1,1493.1723.1291,688
5,000,000.002.7504,947,076.28 5,000,000.0003/15/2018Berkshire Hathaway2019084670BR8 MTN02 03/15/2023 1,1693.1093.0661,8265,000,000.002.4004,866,954.20 5,000,000.0012/21/2018Apple2055037833AK6 MTN02 05/03/2023 1,2183.2613.2161,594
10,000,000.003.25010,105,585.75 10,000,000.0008/09/2018FHLB2045313383QR5 FAC02 06/09/2023 1,2552.9182.8781,76510,000,000.002.7509,963,330.88 10,000,000.0006/22/2018FHLMC20303137EAEN5 FAC02 06/19/2023 1,2652.8642.8251,82310,000,000.002.8759,974,978.99 10,000,000.0007/27/2018FFCB20423133EJUS6 FAC02 07/17/2023 1,2932.9512.9111,81610,000,000.002.8759,991,469.44 10,000,000.0008/07/2018FFCB20443133EJUS6 FAC02 07/17/2023 1,2932.9012.8611,80510,000,000.002.87510,089,208.35 10,000,000.0002/07/2019FFCB20593133EJUS6 FAC02 07/17/2023 1,2932.6072.5711,62120,000,000.003.37520,176,131.82 20,000,000.0010/12/2018FHLB2049313383YJ4 FAC02 09/08/2023 1,3463.1153.0721,79210,000,000.002.7509,943,669.47 10,000,000.0011/27/2018U.S.Treasury2052912828WE6 TRC02 11/15/2023 1,4142.9072.8671,81420,000,000.003.00020,068,036.41 20,000,000.0012/07/2018FFCB20533133EJ2B4 FAC02 12/06/2023 1,4352.9062.8671,82510,000,000.003.60010,056,094.89 10,000,000.0001/30/2019Met Life205859217GCT4 MTN02 01/11/2024 1,4713.4473.4001,80712,000,000.002.61012,009,160.61 12,000,000.0002/28/2019FFCB20603133EKBW5 FAC02 02/27/2024 1,5182.5902.5551,825
5,000,000.002.8755,162,347.51 5,000,000.0011/15/2019New York Life207064952WDG5 MTN02 04/10/2024 1,5612.0762.0481,60820,000,000.001.85019,946,143.65 20,000,000.0007/30/2019FFCB20673133EKWV4 FAC02 07/26/2024 1,6681.9121.8861,823
2,000,000.001.7501,982,510.42 2,000,000.0012/30/2019Disney2072254687FK7 MTN02 08/30/2024 1,7031.9471.9201,7055,000,000.002.1505,030,198.14 5,000,000.0010/07/2019Honda206802665WDD0 MTN02 09/10/2024 1,7142.0141.9861,800
Subtotal and Average 577,237,864.11 577,237,864.11577,068,572.94 2.257 2.289 754
577,237,864.11 577,237,864.11577,068,572.94Net Maturities and Average 2.257 2.289 754
Portfolio CITYAP
Run Date: 01/07/2020 - 09:38 IM (PRF_IM) 7.1.1Report Ver. 7.3.6.1
22
City of AnaheimCredit Rating Report
December 31, 2019Sorted by Moody's - Investment Number
Security #PurchasePrincipal
BookValueInvestment #
% ofTotal
Moody's RatingIssuer
MarketValue
S&P Rating
PurchaseDate
MaturityDate
Days ToMaturity
StatedRate YTM
11/03/20201908 594918BG8MSFT 11/03/2015Aaa AAA3,996,800.00 3,999,463.11 4,008,480.00 307 2.000 2.017 0.6911/30/20201943 3135G0F73FNMA 05/03/2016Aaa AA+10,075,200.00 10,015,021.74 9,996,500.00 334 1.500 1.330 1.7408/31/20211967 912828D72US 12/27/2016Aaa AA+9,978,515.60 9,992,352.16 10,066,000.00 608 2.000 2.048 1.7311/30/20211968 912828G53US 01/09/2017Aaa AA+9,985,156.25 9,994,190.49 10,058,200.00 699 1.875 1.907 1.7308/12/20211969 3137EAEC9FHLMC 01/10/2017Aaa AA+9,651,900.00 9,877,575.00 9,926,200.00 589 1.125 1.921 1.7110/31/20201971 912828L99US 01/12/2017Aaa AA+9,880,078.10 9,973,734.68 9,977,000.00 304 1.375 1.702 1.7302/06/20221974 594918BW3MSFT 02/06/2017Aaa AAA4,989,250.00 4,995,490.97 5,070,700.00 767 2.400 2.446 0.8708/31/20201975 912828L32US 02/22/2017Aaa AA+9,900,390.60 9,981,178.01 9,983,200.00 243 1.375 1.668 1.7310/31/20211988 912828T67US 05/02/2017Aaa AA+9,765,234.40 9,904,407.68 9,939,800.00 669 1.250 1.796 1.7209/30/20201990 912828L65US 05/09/2017Aaa AA+9,909,765.60 9,980,133.88 9,979,700.00 273 1.375 1.649 1.7306/29/20211993 3134GBUF7FHLMC 06/29/2017Aaa AA+10,000,000.00 10,000,000.00 10,028,900.00 545 1.800 1.800 1.7307/31/20221996 9128282P4US 08/30/2017Aaa AA+10,078,515.60 10,041,181.34 10,070,700.00 942 1.875 1.708 1.7409/09/20221997 313380GJ0FHLB 09/29/2017Aaa AA+10,017,300.00 10,009,408.09 10,109,200.00 982 2.000 1.963 1.7310/05/20221998 3135G0T78FNMA 10/24/2017Aaa AA+9,964,070.00 9,979,946.98 10,107,500.00 1,008 2.000 2.077 1.73
2023 SYS2023WFGF 07/01/2019Aaa AAA49,887,949.54 49,887,949.54 49,887,949.54 1 1.538 1.538 8.6508/15/20222029 912828TJ9US 06/12/2018Aaa AA+9,550,000.00 9,717,606.56 10,009,400.00 957 1.625 2.773 1.6806/19/20232030 3137EAEN5FHLMC 06/22/2018Aaa AA+9,947,200.00 9,963,330.88 10,386,000.00 1,265 2.750 2.864 1.7311/15/20222034 912828TY6US 06/28/2018Aaa AA+9,557,421.90 9,710,015.97 10,007,400.00 1,049 1.625 2.703 1.6807/17/20232042 3133EJUS6FFCB 07/27/2018Aaa AA+9,964,900.00 9,974,978.99 10,425,100.00 1,293 2.875 2.951 1.7307/17/20232044 3133EJUS6FFCB 08/07/2018Aaa AA+9,988,100.00 9,991,469.44 10,425,100.00 1,293 2.875 2.901 1.7306/09/20232045 313383QR5FHLB 08/09/2018Aaa AA+10,148,400.00 10,105,585.75 10,536,400.00 1,255 3.250 2.918 1.7508/23/20222047 3133EJXW4FFCB 08/23/2018Aaa AA+9,999,300.00 9,999,537.22 10,307,400.00 965 2.800 2.802 1.7307/15/20212048 912828Y20US 10/02/2018Aaa AA+9,930,468.75 9,961,645.00 10,155,500.00 561 2.625 2.886 1.7309/08/20232049 313383YJ4FHLB 10/12/2018Aaa AA+20,234,400.00 20,176,131.82 21,218,200.00 1,346 3.375 3.115 3.5011/15/20212051 3133EJT74FFCB 11/27/2018Aaa AA+10,027,000.00 10,017,039.33 10,262,900.00 684 3.050 2.954 1.7411/15/20232052 912828WE6US 11/27/2018Aaa AA+9,927,734.38 9,943,669.47 10,408,200.00 1,414 2.750 2.907 1.7212/06/20232053 3133EJ2B4FFCB 12/07/2018Aaa AA+20,086,500.00 20,068,036.41 21,030,800.00 1,435 3.000 2.906 3.4809/09/20222054 313383WD9FHLB 12/21/2018Aaa AA+10,125,600.00 10,090,867.56 10,399,800.00 982 3.125 2.766 1.7512/17/20212056 3133EJ3B3FFCB 01/04/2019Aaa AA+14,888,208.00 14,858,584.05 15,149,132.00 716 2.800 2.589 2.5709/09/20222057 313383WD9FHLB 01/16/2019Aaa AA+10,168,700.00 10,124,372.89 10,399,800.00 982 3.125 2.636 1.7507/17/20232059 3133EJUS6FFCB 02/07/2019Aaa AA+10,111,860.00 10,089,208.35 10,425,100.00 1,293 2.875 2.607 1.7502/27/20242060 3133EKBW5FFCB 02/28/2019Aaa AA+12,011,016.00 12,009,160.61 12,423,840.00 1,518 2.610 2.590 2.0807/15/20202063 9128282J8US 05/15/2019Aaa AA+9,906,640.60 9,957,146.50 9,993,800.00 196 1.500 2.314 1.7307/26/20242067 3133EKWV4FFCB 07/30/2019Aaa AA+19,941,200.00 19,946,143.65 20,082,400.00 1,668 1.850 1.912 3.46
Portfolio CITYAP
Run Date: 01/07/2020 - 09:36 CR (PRF_CR) 7.2.0Report Ver. 7.3.6.1
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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
02/10/20222069 459058DY6IBRD 10/29/2019Aaa AAA4,987,250.00 4,988,212.85 4,995,450.00 771 1.625 1.739 0.8604/10/20242070 64952WDG5NYLCPP 11/15/2019Aaa AA+5,167,200.00 5,162,347.51 5,158,800.00 1,561 2.875 2.076 0.89
987 SYS987FIDELI 07/01/2019Aaa AAA25,362,643.56 25,362,643.56 25,362,643.56 1 1.490 1.490 4.40
SubTotal for Aaa 440,111,868.88 440,849,768.04 448,773,195.10 76.402.2392.176791
05/11/20201991 037833CS7APPINC 05/19/2017Aa1 AA+7,004,200.00 7,000,509.33 6,993,700.00 131 1.800 1.779 1.2102/23/20232037 037833BU3APPINC 07/11/2018Aa1 AA+9,862,500.00 9,906,347.77 10,286,000.00 1,149 2.850 3.172 1.7205/03/20232055 037833AK6APPINC 12/21/2018Aa1 AA+4,826,000.00 4,866,954.20 5,085,300.00 1,218 2.400 3.261 0.84
SubTotal for Aa1 21,692,700.00 21,773,811.30 22,365,000.00 3.772.7442.412837
03/15/20232019 084670BR8BRK 03/15/2018Aa2 AA4,917,450.00 4,947,076.28 5,127,100.00 1,169 2.750 3.109 0.8610/22/20212071 94988J5T0WF 11/20/2019Aa2 A+9,277,200.00 9,260,776.30 9,262,890.00 660 3.625 1.983 1.60
SubTotal for Aa2 14,194,650.00 14,207,852.58 14,389,990.00 2.462.3753.320837
12/14/20201973 92826CAB8V 01/30/2017Aa3 AA-2,008,400.00 2,002,066.86 2,007,960.00 348 2.200 2.086 0.3504/17/20201987 89236TDU6TOYCC 04/17/2017Aa3 AA-4,997,700.00 4,999,774.26 4,999,900.00 107 1.950 1.966 0.8710/20/20202032 17325FAJ7C 06/26/2018Aa3 A+4,879,600.00 4,958,278.66 5,006,050.00 293 2.125 3.211 0.8606/12/20202036 17325FAE8C 07/11/2018Aa3 A+5,888,160.00 5,973,941.77 6,002,940.00 163 2.100 3.107 1.0401/11/20242058 59217GCT4METLIF 01/30/2019Aa3 AA-10,068,900.00 10,056,094.89 10,580,500.00 1,471 3.600 3.447 1.7401/10/20232061 59217GAX7METLIF 02/28/2019Aa3 AA-7,983,040.00 7,986,731.72 8,231,600.00 1,105 3.000 3.058 1.38
SubTotal for Aa3 35,825,800.00 35,976,888.16 36,828,950.00 6.242.9902.707758
06/15/20201933 17275RAX0CSCO 02/12/2016A1 AA-5,124,750.00 5,013,089.57 5,014,800.00 166 2.450 1.849 0.8708/07/20201936 88579YAQ4MMM 02/19/2016A1 AA-5,111,250.00 5,014,944.03 4,998,200.00 219 2.000 1.483 0.8709/20/20211970 17275RBJ0CSCO 01/13/2017A1 AA-4,900,750.00 4,963,582.84 5,003,450.00 628 1.850 2.299 0.8604/06/20201986 05565EAP0BMW 04/06/2017A1 A+4,993,200.00 4,999,401.85 5,003,450.00 96 2.150 2.197 0.8701/24/20221989 91159HHP8USB 05/05/2017A1 A+5,048,150.00 5,021,056.77 5,079,300.00 754 2.625 2.407 0.87
SubTotal for A1 25,178,100.00 25,012,075.06 25,099,200.00 4.342.0472.216372
09/24/20201944 02665WAZ4HNDA 05/17/2016A2 A5,174,350.00 5,029,262.32 5,017,650.00 267 2.450 1.617 0.8709/17/20201976 25468PDE3DISNEY 03/09/2017A2 A6,034,620.00 6,006,989.53 6,015,480.00 260 2.150 1.980 1.0412/09/20211977 69353REY0PNCB 03/20/2017A2 A4,978,750.00 4,991,269.86 5,060,500.00 708 2.550 2.646 0.8604/01/20222064 90520EAH4UNBC 05/16/2019A2 A2,026,420.00 2,020,676.52 2,046,940.00 821 3.150 2.668 0.3509/10/20242068 02665WDD0HNDA 10/07/2019A2 A5,031,700.00 5,030,198.14 5,003,950.00 1,714 2.150 2.014 0.8708/30/20242072 254687FK7DISNEY 12/30/2019A2 A1,982,500.00 1,982,510.42 1,980,720.00 1,703 1.750 1.947 0.34
SubTotal for A2 25,228,340.00 25,060,906.79 25,125,240.00 4.332.0992.339802
17430 SYS17430LAIF 07/01/2019None None12,236,858.64 12,236,858.64 12,236,858.64 1 2.030 2.030 2.1217432 SYS17432LAIF 07/01/2019None None1,950,412.37 1,950,412.37 1,950,412.37 1 2.030 2.030 0.34
SubTotal for No Specified Rating 14,187,271.01 14,187,271.01 14,187,271.01 2.462.0302.0301
Portfolio CITYAP
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City of AnaheimSummary by IssuerDecember 31, 2019
% ofPortfolio
Average Daysto Maturity
ParValueIssuer
Number ofInvestments
AverageYTM 365Book Value
Apple 21,773,811.30 3.77 2.7443 83722,000,000.00
BMW 4,999,401.85 0.87 2.1971 965,000,000.00
Berkshire Hathaway 4,947,076.28 0.86 3.1091 1,1695,000,000.00
Citibank 10,932,220.43 1.89 3.1542 22211,000,000.00
Cisco 9,976,672.41 1.73 2.0732 39610,000,000.00
Disney 7,989,499.95 1.38 1.9712 6188,000,000.00
FFCB 116,954,158.05 20.27 2.6379 1,251116,800,000.00
FHLB 60,506,366.11 10.49 2.7535 1,14960,000,000.00
FHLMC 29,840,905.88 5.17 2.1953 80030,000,000.00
Fidelity Govt MMF 25,362,643.56 4.40 1.4901 125,362,643.56
FNMA 19,994,968.72 3.46 1.7032 67020,000,000.00
Honda 10,059,460.46 1.74 1.8152 99110,000,000.00
IBRD 4,988,212.85 0.86 1.7391 7715,000,000.00
LAIF 14,187,271.01 2.46 2.0302 114,187,271.01
Met Life 18,042,826.61 3.13 3.2752 1,30918,000,000.00
3M Company 5,014,944.03 0.87 1.4831 2195,000,000.00
Microsoft 8,994,954.08 1.56 2.2552 5629,000,000.00
New York Life 5,162,347.51 0.89 2.0761 1,5615,000,000.00
PNC Bank 4,991,269.86 0.86 2.6461 7085,000,000.00
Toyota 4,999,774.26 0.87 1.9661 1075,000,000.00
MUFG Union Bank 2,020,676.52 0.35 2.6681 8212,000,000.00
U.S.Treasury 119,157,261.74 20.65 2.16912 658120,000,000.00
Portfolio CITYAP
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25
% ofPortfolio
Average Daysto Maturity
ParValue
Page 2Summary by IssuerCity of Anaheim
IssuerNumber of
Investments
December 31, 2019
AverageYTM 365Book Value
US Bank 5,021,056.77 0.87 2.4071 7545,000,000.00
Visa 2,002,066.86 0.35 2.0861 3482,000,000.00
Wells Fargo Bank 9,260,776.30 1.60 1.9831 6609,000,000.00
Wells Fargo Govt Inst MMF 49,887,949.54 8.65 1.5381 149,887,949.54
Total and Average 61 577,068,572.94 100.00 2.289 754577,237,864.11
Portfolio CITYAP
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Page 1
December 31, 2019Interest Earnings Summary
Month EndingDecember 31 Fiscal Year To Date
Portfolio ManagementCity of Anaheim
CD/Coupon/Discount Investments:
1,368,950.01Interest CollectedPlus Accrued Interest at End of PeriodLess Accrued Interest at Beginning of Period
2,968,101.43( 3,363,251.34)
5,903,678.472,968,101.43
( 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
973,800.10
19,142.77104.60
5,853,549.06
234,370.44-5,524.64
993,047.47 6,082,394.86
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:
57,943.07Interest CollectedPlus Accrued Interest at End of PeriodLess Accrued Interest at Beginning of Period
145,688.39( 110,096.59)
723,764.76145,688.39
( 205,400.90)
Interest Earned during Period 93,534.87 664,052.25
Total Interest Earned during Period
Total Adjustments from Premiums and Discounts
Total Capital Gains or Losses
Total Earnings during Period
1,067,334.97
19,142.77
104.60
6,517,601.31
234,370.44
-5,524.64
1,086,582.34 6,746,447.11
Portfolio CITYAP
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27
City of AnaheimInterest Earnings
Sorted by Security Type - Maturity DateDecember 1, 2019 - December 31, 2019
Yield 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
9,957,146.502063 10,000,000.00 1.500US 07/15/2020 12,635.87 6,777.84 19,413.712.29702 9,950,368.669128282J89,981,178.011975 10,000,000.00 1.375US 08/31/2020 11,710.16 2,401.16 14,111.321.66502 9,978,776.85912828L329,980,133.881990 10,000,000.00 1.375US 09/30/2020 11,646.17 2,255.86 13,902.031.64002 9,977,878.02912828L659,973,734.681971 10,000,000.00 1.375US 10/31/2020 11,710.17 2,678.37 14,388.541.69902 9,971,056.31912828L999,961,645.002048 10,000,000.00 2.625US 07/15/2021 22,112.77 2,119.43 24,232.202.86502 9,959,525.57912828Y209,992,352.161967 10,000,000.00 2.000US 08/31/2021 17,032.97 389.94 17,422.912.05302 9,991,962.22912828D729,904,407.681988 10,000,000.00 1.250US 10/31/2021 10,645.61 4,429.54 15,075.151.79302 9,899,978.14912828T679,994,190.491968 10,000,000.00 1.875US 11/30/2021 15,881.14 257.64 16,138.781.90102 9,993,932.85912828G53
10,041,181.341996 10,000,000.00 1.875US 07/31/2022 15,794.83 -1,355.23 14,439.601.69302 10,042,536.579128282P49,717,606.562029 10,000,000.00 1.625US 08/15/2022 13,688.86 9,147.54 22,836.402.77002 9,708,459.02912828TJ99,710,015.972034 10,000,000.00 1.625US 11/15/2022 13,839.28 8,569.59 22,408.872.72002 9,701,446.38912828TY69,943,669.472052 10,000,000.00 2.750US 11/15/2023 23,420.33 1,234.97 24,655.302.92002 9,942,434.50912828WE6
120,000,000.00Subtotal 119,157,261.74 2.165 219,024.8138,906.65180,118.16119,118,355.09
Security Type: Federal Agency Issues - Coupon
10,015,021.741943 10,000,000.00 1.500FNMA 11/30/2020 12,500.00 -1,369.76 11,130.241.30802 10,016,391.503135G0F7310,000,000.001993 10,000,000.00 1.800FHLMC 06/29/2021 15,000.00 0.00 15,000.001.76602 10,000,000.003134GBUF7
9,877,575.001969 10,000,000.00 1.125FHLMC 08/12/2021 9,375.00 6,321.43 15,696.431.87202 9,871,253.573137EAEC910,017,039.332051 10,000,000.00 3.050FFCB 11/15/2021 25,416.66 -758.42 24,658.242.89802 10,017,797.753133EJT7414,858,584.052056 14,800,000.00 2.800FFCB 12/17/2021 34,533.34 -2,489.41 32,043.932.53902 14,861,073.463133EJ3B3
9,999,537.222047 10,000,000.00 2.800FFCB 08/23/2022 23,333.34 14.58 23,347.922.74902 9,999,522.643133EJXW410,124,372.892057 10,000,000.00 3.125FHLB 09/09/2022 26,041.66 -3,854.53 22,187.132.57902 10,128,227.42313383WD910,090,867.562054 10,000,000.00 3.125FHLB 09/09/2022 26,041.66 -2,816.15 23,225.512.70902 10,093,683.71313383WD910,009,408.091997 10,000,000.00 2.000FHLB 09/09/2022 16,666.66 -291.57 16,375.091.92602 10,009,699.66313380GJ0
9,979,946.981998 10,000,000.00 2.000FNMA 10/05/2022 16,666.67 605.22 17,271.892.03802 9,979,341.763135G0T7810,105,585.752045 10,000,000.00 3.250FHLB 06/09/2023 27,083.33 -2,558.62 24,524.712.85702 10,108,144.37313383QR5
9,963,330.882030 10,000,000.00 2.750FHLMC 06/19/2023 22,916.67 881.46 23,798.132.81302 9,962,449.423137EAEN59,991,469.442044 10,000,000.00 2.875FFCB 07/17/2023 23,958.33 200.56 24,158.892.84702 9,991,268.883133EJUS6
Portfolio CITYAP
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28
MaturityDate
CurrentRate
EndingPar Value
EndingIssuerFund
Page 2
Book ValueBeginning
Book Value
Adjusted Interest Earnings
AccretionAmortization/
EarningsAdjusted Interest
December 1, 2019 - December 31, 2019Interest EarningsCity of Anaheim
AnnualizedYieldCUSIP Investment #
InterestEarned
Security Type: Federal Agency Issues - Coupon
10,089,208.352059 10,000,000.00 2.875FFCB 07/17/2023 23,958.33 -2,097.37 21,860.962.55102 10,091,305.723133EJUS69,974,978.992042 10,000,000.00 2.875FFCB 07/17/2023 23,958.33 588.26 24,546.592.89802 9,974,390.733133EJUS6
20,176,131.822049 20,000,000.00 3.375FHLB 09/08/2023 56,250.00 -3,981.88 52,268.123.05002 20,180,113.70313383YJ420,068,036.412053 20,000,000.00 3.000FFCB 12/06/2023 50,000.00 -1,442.47 48,557.532.84902 20,069,478.883133EJ2B412,009,160.612060 12,000,000.00 2.610FFCB 02/27/2024 26,100.00 -183.70 25,916.302.54102 12,009,344.313133EKBW519,946,143.652067 20,000,000.00 1.850FFCB 07/26/2024 30,833.34 982.18 31,815.521.87802 19,945,161.473133EKWV4
226,800,000.00Subtotal 227,296,398.76 2.478 478,383.13-12,250.19490,633.32227,308,648.95
Security Type: LAIF
1,950,412.3717432 1,950,412.37 2.030LAIF 3,442.88 0.00 3,442.882.07801 1,950,412.37SYS1743212,236,858.6417430 12,236,858.64 2.030LAIF 21,600.57 0.00 21,600.572.07801 12,236,858.64SYS17430
14,187,271.01Subtotal 14,187,271.01 2.078 25,043.450.0025,043.4514,187,271.01
Security Type: Money Market Mutual Fund
25,362,643.56987 25,362,643.56 1.490FIDELI 15,771.30 0.00 15,771.303.10501 5,980,271.35SYS98749,887,949.542023 49,887,949.54 1.538WFGF 52,720.12 0.00 52,720.121.29202 48,047,297.94SYS2023
75,250,593.10Subtotal 75,250,593.10 1.493 68,491.420.0068,491.4254,027,569.29
Security Type: Medium Term Notes
0.001972 0.00 2.100BBT 01/15/2020 4,375.00 5.61 4,380.612.13702 4,999,983.5407330NAN50.002014 0.00 2.350USB 01/23/2020 7,180.56 68.75 7,249.312.43702 4,999,837.5090331HNJ8
4,999,401.851986 5,000,000.00 2.150BMW 04/06/2020 8,958.33 188.89 9,147.222.15402 4,999,212.9605565EAP04,999,774.261987 5,000,000.00 1.950TOYCC 04/17/2020 8,125.00 63.89 8,188.891.92802 4,999,710.3789236TDU67,000,509.331991 7,000,000.00 1.800APPINC 05/11/2020 10,500.00 -117.54 10,382.461.74602 7,000,626.87037833CS75,973,941.772036 6,000,000.00 2.100C 06/12/2020 10,500.00 4,855.58 15,355.583.02902 5,969,086.1917325FAE85,013,089.571933 5,000,000.00 2.450CSCO 06/15/2020 10,208.33 -2,394.44 7,813.891.83402 5,015,484.0117275RAX05,014,944.031936 5,000,000.00 2.000MMM 08/07/2020 8,333.33 -2,075.56 6,257.771.46902 5,017,019.5988579YAQ46,006,989.531976 6,000,000.00 2.150DISNEY 09/17/2020 10,750.00 -819.08 9,930.921.94602 6,007,808.6125468PDE35,029,262.321944 5,000,000.00 2.450HNDA 09/24/2020 10,208.33 -3,337.90 6,870.431.60702 5,032,600.2202665WAZ44,958,278.662032 5,000,000.00 2.125C 10/20/2020 8,854.17 4,330.94 13,185.113.13402 4,953,947.7217325FAJ73,999,463.111908 4,000,000.00 2.000MSFT 11/03/2020 6,666.67 53.33 6,720.001.97802 3,999,409.78594918BG82,002,066.861973 2,000,000.00 2.200V 12/14/2020 3,666.67 -180.77 3,485.902.05002 2,002,247.6392826CAB84,963,582.841970 5,000,000.00 1.850CSCO 09/20/2021 7,708.33 1,764.97 9,473.302.24802 4,961,817.8717275RBJ09,260,776.302071 9,000,000.00 3.625WF 10/22/2021 27,187.50 -12,017.34 15,170.161.92602 9,272,793.6494988J5T04,991,269.861977 5,000,000.00 2.550PNCB 12/09/2021 10,625.00 375.22 11,000.222.59502 4,990,894.6469353REY05,021,056.771989 5,000,000.00 2.625USB 01/24/2022 10,937.50 -850.20 10,087.302.36502 5,021,906.9791159HHP8
Portfolio CITYAP
Run Date: 01/07/2020 - 09:37 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
December 1, 2019 - December 31, 2019Interest EarningsCity of Anaheim
AnnualizedYieldCUSIP Investment #
InterestEarned
Security Type: Medium Term Notes
4,995,490.971974 5,000,000.00 2.400MSFT 02/06/2022 10,000.00 179.16 10,179.162.39902 4,995,311.81594918BW32,020,676.522064 2,000,000.00 3.150UNBC 04/01/2022 5,250.00 -765.80 4,484.202.61202 2,021,442.3290520EAH47,986,731.722061 8,000,000.00 3.000METLIF 01/10/2023 20,000.00 365.51 20,365.513.00202 7,986,366.2159217GAX79,906,347.772037 10,000,000.00 2.850APPINC 02/23/2023 23,750.00 2,481.95 26,231.953.11902 9,903,865.82037833BU34,947,076.282019 5,000,000.00 2.750BRK 03/15/2023 11,458.33 1,375.84 12,834.173.05502 4,945,700.44084670BR84,866,954.202055 5,000,000.00 2.400APPINC 05/03/2023 10,000.00 3,320.61 13,320.613.22502 4,863,633.59037833AK6
10,056,094.892058 10,000,000.00 3.600METLIF 01/11/2024 30,000.00 -1,160.58 28,839.423.37602 10,057,255.4759217GCT45,162,347.512070 5,000,000.00 2.875NYLCPP 04/10/2024 11,979.17 -3,164.67 8,814.502.00902 5,165,512.1864952WDG51,982,510.422072 2,000,000.00 1.750DISNEY 08/30/2024 97.23 10.42 107.650.99102 0.00254687FK75,030,198.142068 5,000,000.00 2.150HNDA 09/10/2024 8,958.33 -536.38 8,421.951.97102 5,030,734.5202665WDD0
136,000,000.00Subtotal 136,188,835.48 2.419 288,298.19-7,979.59296,277.78144,214,210.47
Security Type: Supranationals
4,988,212.852069 5,000,000.00 1.625IBRD 02/10/2022 6,770.84 465.90 7,236.741.70802 4,987,746.95459058DY6
5,000,000.00Subtotal 4,988,212.85 1.708 7,236.74465.906,770.844,987,746.95
577,237,864.11Total 577,068,572.94 2.285 1,086,477.7419,142.771,067,334.97563,843,801.76
Portfolio CITYAP
Run Date: 01/07/2020 - 09:37 IE (PRF_IE) 7.2.0Report Ver. 7.3.6.1
30
City of AnaheimAccrued Interest
Sorted by Security Type - Maturity DateDecember 1, 2019 - December 31, 2019
MaturityDate
SecurityType
CurrentRate
ParValue
* BeginningAccrued Interest
* EndingAccrued Interest
Adjusted Acc'd Int.at Purchase
During PeriodCUSIP Investment #InterestEarned
InterestReceived
Treasury Securities - Coupon
56,657.6120639128282J8 10,000,000.00 1.500TRC 07/15/2020 12,635.87 0.00 69,293.480.0034,752.751975912828L32 10,000,000.00 1.375TRC 08/31/2020 11,710.16 0.00 46,462.910.0023,292.351990912828L65 10,000,000.00 1.375TRC 09/30/2020 11,646.17 0.00 34,938.520.0011,710.161971912828L99 10,000,000.00 1.375TRC 10/31/2020 11,710.17 0.00 23,420.330.0099,150.822048912828Y20 10,000,000.00 2.625TRC 07/15/2021 22,112.77 0.00 121,263.590.0050,549.451967912828D72 10,000,000.00 2.000TRC 08/31/2021 17,032.97 0.00 67,582.420.0010,645.601988912828T67 10,000,000.00 1.250TRC 10/31/2021 10,645.61 0.00 21,291.210.0094,262.301968912828G53 10,000,000.00 1.875TRC 11/30/2021 15,881.14 93,750.00 16,393.440.0062,669.8419969128282P4 10,000,000.00 1.875TRC 07/31/2022 15,794.83 0.00 78,464.670.0047,690.222029912828TJ9 10,000,000.00 1.625TRC 08/15/2022 13,688.86 0.00 61,379.080.00
7,142.862034912828TY6 10,000,000.00 1.625TRC 11/15/2022 13,839.28 0.00 20,982.140.0012,087.912052912828WE6 10,000,000.00 2.750TRC 11/15/2023 23,420.33 0.00 35,508.240.00
510,611.87120,000,000.00Subtotal 596,980.03180,118.16 93,750.000.00
Federal Agency Issues - Coupon
75,416.6719433135G0F73 10,000,000.00 1.500FAC 11/30/2020 12,500.00 75,000.00 12,916.670.0076,000.0019933134GBUF7 10,000,000.00 1.800FAC 06/29/2021 15,000.00 90,000.00 1,000.000.0034,062.5019693137EAEC9 10,000,000.00 1.125FAC 08/12/2021 9,375.00 0.00 43,437.500.0013,555.5620513133EJT74 10,000,000.00 3.050FAC 11/15/2021 25,416.66 0.00 38,972.220.00
188,782.2220563133EJ3B3 14,800,000.00 2.800FAC 12/17/2021 34,533.34 207,200.00 16,115.560.0076,222.2220473133EJXW4 10,000,000.00 2.800FAC 08/23/2022 23,333.34 0.00 99,555.560.0045,555.561997313380GJ0 10,000,000.00 2.000FAC 09/09/2022 16,666.66 0.00 62,222.220.0071,180.562054313383WD9 10,000,000.00 3.125FAC 09/09/2022 26,041.66 0.00 97,222.220.0071,180.562057313383WD9 10,000,000.00 3.125FAC 09/09/2022 26,041.66 0.00 97,222.220.0031,111.1119983135G0T78 10,000,000.00 2.000FAC 10/05/2022 16,666.67 0.00 47,777.780.00
155,277.782045313383QR5 10,000,000.00 3.250FAC 06/09/2023 27,083.33 162,500.00 19,861.110.00123,750.0020303137EAEN5 10,000,000.00 2.750FAC 06/19/2023 22,916.67 137,500.00 9,166.670.00107,013.8920423133EJUS6 10,000,000.00 2.875FAC 07/17/2023 23,958.33 0.00 130,972.220.00107,013.8920443133EJUS6 10,000,000.00 2.875FAC 07/17/2023 23,958.33 0.00 130,972.220.00107,013.8920593133EJUS6 10,000,000.00 2.875FAC 07/17/2023 23,958.33 0.00 130,972.220.00155,625.002049313383YJ4 20,000,000.00 3.375FAC 09/08/2023 56,250.00 0.00 211,875.000.00291,666.6720533133EJ2B4 20,000,000.00 3.000FAC 12/06/2023 50,000.00 300,000.00 41,666.670.00
81,780.0020603133EKBW5 12,000,000.00 2.610FAC 02/27/2024 26,100.00 0.00 107,880.000.00128,472.2220673133EKWV4 20,000,000.00 1.850FAC 07/26/2024 30,833.34 0.00 159,305.560.00
Portfolio CITYAC
Run Date: 01/07/2020 - 09:33 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
1,940,680.30226,800,000.00Subtotal 1,459,113.62490,633.32 972,200.000.00
LAIF
44,987.1017430SYS17430 12,236,858.64 2.030PA1 21,600.57 0.00 66,587.670.007,170.4217432SYS17432 1,950,412.37 2.030PA1 3,442.88 0.00 10,613.300.00
52,157.5214,187,271.01Subtotal 77,200.9725,043.45 0.000.00
Money Market Mutual Fund
7,005.53987SYS987 25,362,643.56 1.490PA2 15,771.30 7,005.53 15,771.300.0050,933.542023SYS2023 49,887,949.54 1.538PA2 52,720.12 50,937.54 52,716.120.00
57,939.0775,250,593.10Subtotal 68,487.4268,491.42 57,943.070.00
Medium Term Notes
39,666.67197207330NAN5 0.00 2.100MTN 01/15/2020 4,375.00 44,041.67 0.000.0041,777.78201490331HNJ8 0.00 2.350MTN 01/23/2020 7,180.56 48,958.34 0.000.0016,423.61198605565EAP0 5,000,000.00 2.150MTN 04/06/2020 8,958.33 0.00 25,381.940.0011,916.67198789236TDU6 5,000,000.00 1.950MTN 04/17/2020 8,125.00 0.00 20,041.670.00
7,000.001991037833CS7 7,000,000.00 1.800MTN 05/11/2020 10,500.00 0.00 17,500.000.0059,150.00203617325FAE8 6,000,000.00 2.100MTN 06/12/2020 10,500.00 63,000.00 6,650.000.0056,486.11193317275RAX0 5,000,000.00 2.450MTN 06/15/2020 10,208.33 61,250.00 5,444.440.0031,666.67193688579YAQ4 5,000,000.00 2.000MTN 08/07/2020 8,333.33 0.00 40,000.000.0026,516.67197625468PDE3 6,000,000.00 2.150MTN 09/17/2020 10,750.00 0.00 37,266.670.0022,798.61194402665WAZ4 5,000,000.00 2.450MTN 09/24/2020 10,208.33 0.00 33,006.940.0012,100.69203217325FAJ7 5,000,000.00 2.125MTN 10/20/2020 8,854.17 0.00 20,954.860.00
6,222.221908594918BG8 4,000,000.00 2.000MTN 11/03/2020 6,666.67 0.00 12,888.890.0020,411.11197392826CAB8 2,000,000.00 2.200MTN 12/14/2020 3,666.67 22,000.00 2,077.780.0018,243.06197017275RBJ0 5,000,000.00 1.850MTN 09/20/2021 7,708.33 0.00 25,951.390.0035,343.75207194988J5T0 9,000,000.00 3.625MTN 10/22/2021 27,187.50 0.00 62,531.250.0060,916.67197769353REY0 5,000,000.00 2.550MTN 12/09/2021 10,625.00 63,750.00 7,791.670.0046,302.08198991159HHP8 5,000,000.00 2.625MTN 01/24/2022 10,937.50 0.00 57,239.580.0038,333.331974594918BW3 5,000,000.00 2.400MTN 02/06/2022 10,000.00 0.00 48,333.330.0010,500.00206490520EAH4 2,000,000.00 3.150MTN 04/01/2022 5,250.00 0.00 15,750.000.0094,000.00206159217GAX7 8,000,000.00 3.000MTN 01/10/2023 20,000.00 0.00 114,000.000.0077,583.332037037833BU3 10,000,000.00 2.850MTN 02/23/2023 23,750.00 0.00 101,333.330.0029,027.782019084670BR8 5,000,000.00 2.750MTN 03/15/2023 11,458.33 0.00 40,486.110.00
9,333.332055037833AK6 5,000,000.00 2.400MTN 05/03/2023 10,000.00 0.00 19,333.330.00140,000.00205859217GCT4 10,000,000.00 3.600MTN 01/11/2024 30,000.00 0.00 170,000.000.00
20,364.58207064952WDG5 5,000,000.00 2.875MTN 04/10/2024 11,979.17 0.00 32,343.750.000.002072254687FK7 2,000,000.00 1.750MTN 08/30/2024 97.23 0.00 11,180.5611,083.33
Portfolio CITYAC
Run Date: 01/07/2020 - 09:33 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
24,187.50206802665WDD0 5,000,000.00 2.150MTN 09/10/2024 8,958.33 0.00 33,145.830.00
956,272.22136,000,000.00Subtotal 960,633.32296,277.78 303,000.0111,083.33
Supranationals
25,052.082069459058DY6 5,000,000.00 1.625NC3 02/10/2022 6,770.84 0.00 31,822.920.00
25,052.085,000,000.00Subtotal 31,822.926,770.84 0.000.00
11,083.33577,237,864.11Total 3,194,238.281,067,334.97 1,426,893.083,542,713.06
Portfolio CITYAC
Run Date: 01/07/2020 - 09:33 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: December 1, 2019 - December 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
Medium Term Notes
303,722.495,000,000.0019722.100 01/15/2020
4,999,989.15 5,000,000.00 10.85MTN 12/16/2019 303,733.3401/26/2017 2.1041,0841,054
Truist Bank
227,364.595,000,000.0020142.350 01/23/2020
4,999,906.25 5,000,000.00 93.75MTN 12/23/2019 227,458.3401/23/2018 2.376730699
US Bank
531,087.089,999,895.40 10,000,000.00 104.60 531,191.68 2.240Medium Term Notes Subtotals
531,087.089,999,895.40 10,000,000.00 104.60 531,191.68 2.240Total Realized Gains/Losses
Portfolio CITYAP
Run Date: 01/07/2020 - 09:36 CG (PRF_CGR1) 7.1.1Report Ver. 7.3.6.1
34
City of AnaheimTransaction Activity Report
December 1, 2019 - December 31, 2019Sorted by Fund - Transaction Date
All Funds
TotalCashInterest
PrincipalPaydowns
NewPrincipalFundInvestment # IssuerTransactionDateTransactionTypeInv DescripCUSIP
1943 02 75,000.00 75,000.00FNMA12/02/2019InterestFEDERAL NATL MTG3135G0F731968 02 93,750.00 93,750.00U.S.Treasury12/02/2019InterestUNITED STATES912828G532053 02 300,000.00 300,000.00FFCB12/06/2019InterestFEDERAL FARM CR3133EJ2B41977 02 63,750.00 63,750.00PNC Bank12/09/2019InterestPNCB 2.55% MAT69353REY02045 02 162,500.00 162,500.00FHLB12/09/2019InterestFEDERAL HOME313383QR52036 02 63,000.00 63,000.00Citibank12/12/2019InterestCITIBANK NA N Y,17325FAE81972 02 4,999,600.00 4,999,600.00Truist Bank12/16/2019RedemptionBBT 2.1% MAT07330NAN51972 02 400.00 400.00Truist Bank12/16/2019Cap G/LBBT 2.1% MAT07330NAN51933 02 61,250.00 61,250.00Cisco12/16/2019InterestCSCO 2.45% MAT17275RAX01972 02 44,041.67 44,041.67Truist Bank12/16/2019InterestBBT 2.1% MAT07330NAN51973 02 22,000.00 22,000.00Visa12/16/2019InterestV 2.2% MAT92826CAB82056 02 207,200.00 207,200.00FFCB12/17/2019InterestFEDERAL FARM CR3133EJ3B32030 02 137,500.00 137,500.00FHLMC12/19/2019InterestFEDERAL HOME LN3137EAEN52014 02 4,997,750.00 4,997,750.00US Bank12/23/2019RedemptionUSB 2.35% MAT90331HNJ82014 02 2,250.00 2,250.00US Bank12/23/2019Cap G/LUSB 2.35% MAT90331HNJ82014 02 48,958.34 48,958.34US Bank12/23/2019InterestUSB 2.35% MAT90331HNJ82072 02 1,993,583.33 -1,993,583.33Disney12/30/2019PurchaseDISNEY 1.75% MAT254687FK71993 02 90,000.00 90,000.00FHLMC12/30/2019InterestFEDERAL HOME LN3134GBUF7
Totals for LONG-TERM PORTFOLIO 1,993,583.33 10,000,000.00 1,368,950.01 9,375,366.68
Grand Total 1,993,583.33 10,000,000.00 1,368,950.01 9,375,366.68
Portfolio CITYAP
Run Date: 01/07/2020 - 09:42 TA (PRF_TA) 7.1.1Report Ver. 7.3.6.1
35
Quarterly Economic and Market Update
December 2019
36
Economic and Market Update
*Estimates for the current quarter/month, some data are lagged Sources: FHN Main Street and Bloomberg
Case-Shiller Home Prices YOY* 2.2% 2.0% 0.2%
Consumer Confidence 126.5 126.3 0.2
Gold (per ounce) $1,517.27 $1,472.49 $44.78
Dollar Index 96.39 99.38 (2.99)
U.S. Avg Regular Unleaded $2.59 $2.66 ($0.07)
Retail Sales YOY* 5.6% 4.0% 1.6%
S&P 500 3,231 2,977 8.5%
Consumer Price Index YOY* 1.8% 1.7% 0.1%
1-5 Yr A-AAA Corporate Spread 0.36% 0.44% (0.08%)
Dow Jones 28,538 26,917 6.0%
30 Year Mortgage Rate 3.86% 3.72% 0.14%
1-5 Yr Agency Spread 0.04% 0.05% (0.01%)
10 Year T-Note 1.92% 1.67% 0.25%
U.S. Fed Debt Avg Yield* 2.39% 2.44% (0.05%)
3 Year T-Note 1.61% 1.56% 0.05%
5 Year T-Note 1.69% 1.55% 0.15%
2 Year T-Note 1.57% 1.62% (0.05%)
3 Month T-Bill 1.55% 1.82% (0.27%)
Labor Force Participation 63.2% 63.2% 0.0%
Effective Fed Funds Rate 1.55% 1.90% (0.35%)
U.S. Payrolls Monthly Change 145,000 193,000 (48,000)
Unemployment Rate 3.5% 3.5% 0.0%
12/31/19
Item 12/31/19 9/30/19 Change
37
Economic and Market Update
* Real Rate (Inflation Adjusted)
Source: Bureau of Economic Analysis
Estimate: Bloomberg's Survey of Economists
As of: 12/31/19
12/31/19
-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 2.1
1.6 1.7 1
.9
1.8
-2
-1
0
1
2
3
4
5
6
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
Q3
20
20
Pe
rce
nt
U.S. GDP (Quarter over Quarter Annualized)*
Estimates
38
Economic and Market Update
* Real Rate (Inflation Adjusted)
Source: Bureau of Economic Analysis
12/31/19
Estimate: Bloomberg's Survey of Economists
As of: 12/31/19
8.7
8.0
4.1
4.7
-0.6
7.1
2.1
2.1
-0.7
6.9
2.6
2.6
6.1
4.4
5.8
6.5 6.6
2.7
4.9
3.1
0.2
3.3
5.3 5
.6-0
.5 -0.2
5.4
4.6
5.5
3.2
-0.3
2.5
-1.8
4.6
7.2
4.2
3.5
3.5
4.2
3.7
1.9
-0.1
3.5
2.8
4.0
2.7
3.8
4.4 4.5 4
.84
.11
.01
.72
.93
.83
.52
.91
.9-0
.1-2
.52
.61
.62
.21
.82
.5 2.9
1.6
2.4
2.9
2.3
-5
-4
-3
-2
-1
0
1
2
3
4
5
6
7
8
9
19
50
19
52
19
54
19
56
19
58
19
60
19
62
19
64
19
66
19
68
19
70
19
72
19
74
19
76
19
78
19
80
19
82
19
84
19
86
19
88
19
90
19
92
19
94
19
96
19
98
20
00
20
02
20
04
20
06
20
08
20
10
20
12
20
14
20
16
20
18
Pe
rce
nt
U.S. Annual GDP *
1980s 3.2% 1990s 3.2% 2000s 1.9% 2010s 2.3%1960s 4.5% 1970s 3.3%1950s 4.2%
39
Economic and Market Update
Source: Bureau of Labor Statistics
12 Month Average Job Change 175,667
12/31/19
0
50
100
150
200
250
300
350
400
Jun
-15
Sep
-15
De
c-1
5
Mar
-16
Jun
-16
Sep
-16
De
c-1
6
Mar
-17
Jun
-17
Sep
-17
De
c-1
7
Mar
-18
Jun
-18
Sep
-18
De
c-1
8
Mar
-19
Jun
-19
Sep
-19
De
c-1
9
Tho
usa
nd
s
U.S. Monthly Non-Farm Payrolls Change
2
3
4
5
6
7
8
Jun
-15
Sep
-15
De
c-1
5
Mar
-16
Jun
-16
Sep
-16
De
c-1
6
Mar
-17
Jun
-17
Sep
-17
De
c-1
7
Mar
-18
Jun
-18
Sep
-18
De
c-1
8
Mar
-19
Jun
-19
Sep
-19
De
c-1
9
Pe
rce
nt
Unemployment RatesNevada
U.S.A
California
Idaho
Washington
Hawaii
1.7
1.9
2.1
2.3
2.5
2.7
2.9
3.1
Jun
-15
Sep
-15
De
c-1
5
Mar
-16
Jun
-16
Sep
-16
De
c-1
6
Mar
-17
Jun
-17
Sep
-17
De
c-1
7
Mar
-18
Jun
-18
Sep
-18
De
c-1
8
Mar
-19
Jun
-19
Sep
-19
De
c-1
9
Mill
ion
s
U.S. Monthly Non-Farm Payrolls YOY Change
40
Economic and Market Update
Source: Bureau of Labor Statistics
12/31/19
128
130
132
134
136
138
140
142
144
146
148
150
152
154
De
c-0
9
Jul-
10
Feb
-11
Sep
-11
Ap
r-1
2
No
v-1
2
Jun
-13
Jan
-14
Au
g-1
4
Mar
-15
Oct
-15
May
-16
De
c-1
6
Jul-
17
Feb
-18
Sep
-18
Ap
r-1
9
No
v-1
9
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
De
c-0
9
Jul-
10
Feb
-11
Sep
-11
Ap
r-1
2
No
v-1
2
Jun
-13
Jan
-14
Au
g-1
4
Mar
-15
Oct
-15
May
-16
De
c-1
6
Jul-
17
Feb
-18
Sep
-18
Ap
r-1
9
No
v-1
9
Pe
rce
nt
U.S. Labor Force Participation Rate
41
Economic and Market Update
Source: Department of Labor and Bloomberg
12/31/19
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
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
20
19
Tho
usa
nd
s
Weekly Initial Jobless Claims (4 Week Moving Average)
42
Economic and Market Update
*Real: Inflation Adjusted
Source: U.S. Census Bureau Source: Conference Board
12/31/19
-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
Jun
-15
Sep
-15
Dec
-15
Mar
-16
Jun
-16
Sep
-16
Dec
-16
Mar
-17
Jun
-17
Sep
-17
Dec
-17
Mar
-18
Jun
-18
Sep
-18
Dec
-18
Mar
-19
Jun
-19
Sep
-19
Pe
rce
nt
U.S. Real* Retail Sales YOY % Change
20
40
60
80
100
120
140
Jun
-09
Dec
-09
Jun
-10
Dec
-10
Jun
-11
Dec
-11
Jun
-12
Dec
-12
Jun
-13
Dec
-13
Jun
-14
Dec
-14
Jun
-15
Dec
-15
Jun
-16
Dec
-16
Jun
-17
Dec
-17
Jun
-18
Dec
-18
Jun
-19
Dec
-19
Ind
ex
Val
ue
U.S. Consumer Confidence
43
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
12/31/19
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
Jun
-15
Sep
-15
Dec
-15
Mar
-16
Jun
-16
Sep
-16
Dec
-16
Mar
-17
Jun
-17
Sep
-17
Dec
-17
Mar
-18
Jun
-18
Sep
-18
Dec
-18
Mar
-19
Jun
-19
Sep
-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
3.5
Jun
-15
Sep
-15
Dec
-15
Mar
-16
Jun
-16
Sep
-16
Dec
-16
Mar
-17
Jun
-17
Sep
-17
Dec
-17
Mar
-18
Jun
-18
Sep
-18
Dec
-18
Mar
-19
Jun
-19
Sep
-19
Pe
rce
nt
PCE and PCEC YOY % ChangePCE PCEC
44
Economic and Market Update
Sources: New (U.S. Census Bureau),Existing (National Assoc. of Realtors)
Source: Case-Shiller Seasonally Adjusted Annual Rate
12/31/19
-6
-4
-2
0
2
4
6
8
10
12
14
Jul-
11
Dec
-11
May
-12
Oct
-12
Mar
-13
Au
g-1
3
Jan
-14
Jun
-14
No
v-1
4
Ap
r-1
5
Sep
-15
Feb
-16
Jul-
16
Dec
-16
May
-17
Oct
-17
Mar
-18
Au
g-1
8
Jan
-19
Jun
-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
Jun
-11
Dec
-11
Jun
-12
Dec
-12
Jun
-13
Dec
-13
Jun
-14
Dec
-14
Jun
-15
Dec
-15
Jun
-16
Dec
-16
Jun
-17
Dec
-17
Jun
-18
Dec
-18
Jun
-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
45
Economic and Market Update
Source: U.S. Treasury
12/31/19
$9
$10
$11
$12
$13
$14
$15
$16
$17
$18
$19
$20
$21
$22
$23
$24
Dec
-09
Jun
-10
Dec
-10
Jun
-11
Dec
-11
Jun
-12
Dec
-12
Jun
-13
Dec
-13
Jun
-14
Dec
-14
Jun
-15
Dec
-15
Jun
-16
Dec
-16
Jun
-17
Dec
-17
Jun
-18
Dec
-18
Jun
-19
Dec
-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
Dec
-09
Jun
-10
Dec
-10
Jun
-11
Dec
-11
Jun
-12
Dec
-12
Jun
-13
Dec
-13
Jun
-14
Dec
-14
Jun
-15
Dec
-15
Jun
-16
Dec
-16
Jun
-17
Dec
-17
Jun
-18
Dec
-18
Jun
-19
Pe
rce
nt
U.S. Treasury Interest Bearing Debt Avg Rate
46
Economic and Market Update
Fed Funds Anticipated Rate from the December 11, 2019 FOMC Meeting
Source: Bloomberg
12/31/19
0.80
1.00
1.20
1.40
1.60
1.80
2.00
2.20
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
Sep
-20
22
Oct
-20
22
No
v-2
02
2
Dec
-20
22
Pe
rce
nt
Fed Funds vs. Fed's Anticipated Fed Funds Rate (Fed Dots)
Fed's Anticipated Rates
Fed Funds Futures
47
Economic and Market Update
Source: Bloomberg
Figures may not total due to rounding
12/31/19
3Y 1.56 1.61 0.05
30Y 2.11 2.39 0.28
5Y 1.55 1.69 0.15
10Y
1.82
1.67 1.92 0.25
Change12/31/199/30/19
3M
Maturity
-0.051.571.622Y
-0.181.581.761Y
-0.231.591.826M
-0.271.55
1.3
1.5
1.7
1.9
2.1
2.3
2.5
3M 6M 1Y 2Y 3Yr 5Y 10Y 30Y
Pe
rce
nt
U.S. Treasury Yield Curve Change
12/31/19
9/30/19
-30
-20
-10
0
10
20
30
40
3M
6M 1Y
2Y
3Yr 5Y
10
Y
30
Y
Bas
is P
oin
ts
Basis Point Change
48
Economic and Market Update
Source: Bloomberg
12/31/19
-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
Dec
-14
Mar
-15
Jun
-15
Sep
-15
Dec
-15
Mar
-16
Jun
-16
Sep
-16
Dec
-16
Mar
-17
Jun
-17
Sep
-17
Dec
-17
Mar
-18
Jun
-18
Sep
-18
Dec
-18
Mar
-19
Jun
-19
Sep
-19
Dec
-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
Dec
-14
Mar
-15
Jun
-15
Sep
-15
Dec
-15
Mar
-16
Jun
-16
Sep
-16
Dec
-16
Mar
-17
Jun
-17
Sep
-17
Dec
-17
Mar
-18
Jun
-18
Sep
-18
Dec
-18
Mar
-19
Jun
-19
Sep
-19
Dec
-19
Pe
rce
nt
U.S. Treasury Yields: 2Y and 5Y
5Y
2Y
49
Economic and Market Update
Source: Bloomberg
12/31/19
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
50
Economic and Market Update
Source: Bloomberg
12/31/19
Global Treasury Rates
2 Year Yields 5 Year Yields 10 Year Yields
-0.78%
-0.61%
-0.60%
-0.57%
-0.40%
-0.13%
-0.06%
0.58%
0.90%
1.57%
1.68%
-4.0% -2.0% 0.0% 2.0% 4.0%
Switzlnd
Germany
France
Portugal
Spain
Japan
Italy
England
Australia
USA
Canada
-0.66%
-0.48%
-0.31%
-0.13%
-0.12%
-0.08%
0.64%
0.68%
0.95%
1.65%
1.67%
-4.0% -2.0% 0.0% 2.0% 4.0%
Switzlnd
Germany
France
Japan
Portugal
Spain
England
Italy
Australia
Canada
USA
-0.50%
-0.19%
-0.02%
0.12%
0.43%
0.46%
0.86%
1.31%
1.41%
1.64%
1.88%
-2.0% 0.0% 2.0%
Switzlnd
Germany
Japan
France
Portugal
Spain
England
Australia
Italy
Canada
USA
51
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
12/31/19
Current Spread is 4 Current Spread is 36
0
50
100
150
200
250
300
350
400
450
500
550
600
650
No
v-0
5
No
v-0
6
No
v-0
7
No
v-0
8
No
v-0
9
No
v-1
0
No
v-1
1
No
v-1
2
No
v-1
3
No
v-1
4
No
v-1
5
No
v-1
6
No
v-1
7
No
v-1
8
No
v-1
9
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
No
v-0
5
No
v-0
6
No
v-0
7
No
v-0
8
No
v-0
9
No
v-1
0
No
v-1
1
No
v-1
2
No
v-1
3
No
v-1
4
No
v-1
5
No
v-1
6
No
v-1
7
No
v-1
8
No
v-1
9
Bas
is P
oin
ts
Spread: 1-5Yr A-AAA Corporate vs Treasury
52
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
12/31/19
Current Spread is 48 Current Spread is 38
0
50
100
150
200
250
300
350
400
450
500
550
600
650
700
750
800
No
v-0
5
No
v-0
6
No
v-0
7
No
v-0
8
No
v-0
9
No
v-1
0
No
v-1
1
No
v-1
2
No
v-1
3
No
v-1
4
No
v-1
5
No
v-1
6
No
v-1
7
No
v-1
8
No
v-1
9
Bas
is P
oin
ts
Spread: AAA Asset Backed vs Treasury
-150
-100
-50
0
50
100
150
200
250
300
No
v-0
5
No
v-0
6
No
v-0
7
No
v-0
8
No
v-0
9
No
v-1
0
No
v-1
1
No
v-1
2
No
v-1
3
No
v-1
4
No
v-1
5
No
v-1
6
No
v-1
7
No
v-1
8
No
v-1
9
Bas
is P
oin
ts
Spread: 0-3Yr Agency CMO vs Treasury
53
Economic and Market Update
Source: Bloomberg
12/31/19
-4.7
-2.2-1.4
0.1 0.4 0.5 0.6 0.6 0.9
2.5 2.8
4.8
6.57.0
7.78.3
9.0
11.011.9
12.8 13.0 13.3
(6)
(4)
(2)
0
2
4
6
8
10
12
14
16
Per
cen
t
Selected Sector Quarterly Total Returns
54
Economic and Market Update
Source: Bloomberg
12/31/19
2.43.4 4.1
7.1 7.6 8.0 8.3 8.5
14.1 14.9
18.0
20.822.0 22.2 22.8
24.7 25.026.1
28.9
31.232.6
39.0
0
5
10
15
20
25
30
35
40
45
Per
cen
t
Selected Sector Year-Over-Year Total Returns
55
Economic and Market Update
Sources: Bloomberg, FHN Main Street
12/31/19
1.30
1.35
1.40
1.45
1.50
1.55
1.60
1.65
1.70
1.75
1.80
9/3
0/1
9
10
/3/1
9
10
/6/1
9
10
/9/1
9
10
/12
/19
10
/15
/19
10
/18
/19
10
/21
/19
10
/24
/19
10
/27
/19
10
/30
/19
11
/2/1
9
11
/5/1
9
11
/8/1
9
11
/11
/19
11
/14
/19
11
/17
/19
11
/20
/19
11
/23
/19
11
/26
/19
11
/29
/19
12
/2/1
9
12
/5/1
9
12
/8/1
9
12
/11
/19
12
/14
/19
12
/17
/19
12
/20
/19
12
/23
/19
12
/26
/19
12
/29
/19
Per
cen
t
5 Year Treasury Note Yield
Reports Emerge that US-China Moved Closer to
Trade Deal
ISM Mfg PMI Hits 2009 Lows
ISM Non-Mfg Misses the
Mark
Congress Irks China With Passing of Hong
Kong Bill
US-China Agree to Roll Back
Tariffs
FOMC Cuts Fed Funds Rate
Partial US-China Trade Deal Announced
Fed Chairman Powell's Testimony Before
Senate Confirms Fed on Hold
Brexit Tension Dissipates and Trump Announces
Phase 1 Trade Deal
US-China Agree to Phase 1 of Trade
Deal
Yield Curve Steepens the Most Since 2018
56
Economic and Market Update
Sources: Bloomberg, FHN Main Street
12/31/19
26,000
26,500
27,000
27,500
28,000
28,500
29,000
9/3
0/1
9
10
/3/1
9
10
/6/1
9
10
/9/1
9
10
/12
/19
10
/15
/19
10
/18
/19
10
/21
/19
10
/24
/19
10
/27
/19
10
/30
/19
11
/2/1
9
11
/5/1
9
11
/8/1
9
11
/11
/19
11
/14
/19
11
/17
/19
11
/20
/19
11
/23
/19
11
/26
/19
11
/29
/19
12
/2/1
9
12
/5/1
9
12
/8/1
9
12
/11
/19
12
/14
/19
12
/17
/19
12
/20
/19
12
/23
/19
12
/26
/19
12
/29
/19
Dow Jones Industrial Index
President Trump Suggests Waiting
Until After Election for Trade Deal
Growth Worries Abound on Poor Manufacturing
Data
Strong Jobs Report Abates Slowdown
Concerns
Preliminary Trade Deal Boosts Confidence
China GDP Shows Signs of Weakness
Retail Data Point to Consumer Spending
Slump
Tariff Rollback Talk
Jay Powell Indicates Policy on Hold After
Rate Cut
House Impeaches
Trump
Agreement Reached on Terms of Phase 1
Trade Deal
Geopolitical Concerns Dissipate
57
Disclosure
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