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HomeMy WebLinkAboutAgenda Packet 2017_02_28City of Chula Vista Staff Report File#:17-0074, Item#: A. OATH OF OFFICE ·Edgar Guerrero, Board of Ethics City of Chula Vista Printed on 2/23/2017Page 1 of 1 powered by Legistar™2017-02-28 Agenda Packet Page 4 City of Chula Vista Staff Report File#:17-0056, Item#: B. PRESENTATION OF A PROCLAMATION TO THE CHULA VISTA ANIMAL CARE FACILITY PROCLAIMING FEBRUARY 2017 AS SPAY/NEUTER AWARENESS MONTH IN THE CITY OF CHULA VISTA City of Chula Vista Printed on 2/23/2017Page 1 of 1 powered by Legistar™2017-02-28 Agenda Packet Page 5 City of Chula Vista Staff Report File#:17-0073, Item#: 1. WRITTEN COMMUNICATIONS Letter of resignation from Amy Reeve, Civil Service Commission RECOMMENDED ACTION Council accept the resignation. City of Chula Vista Printed on 2/23/2017Page 1 of 1 powered by Legistar™2017-02-28 Agenda Packet Page 6 2017-02-28 Agenda Packet Page 7 City of Chula Vista Staff Report File#:17-0043, Item#: 2. INVESTMENT REPORT FOR THE QUARTER ENDED DECEMBER 31, 2016 RECOMMENDED ACTION Council accept the report. SUMMARY Transmitted herewith is the City’s investment report for the quarter ended December 31, 2016. To meet the reporting requirements set forth in the California Government Code Sections 53600 et seq. and the City of Chula Vista Investment Policy and Guidelines, a separate report was distributed to the City Council in January. ENVIRONMENTAL REVIEW The Development Services Director has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a “Project” in accordance with Section 15378(b)(5) of the State CEQA Guidelines because it involves only acceptance of the Quarterly Investment Report; therefore it is an organizational or administrative activity of government that will not result in a direct or indirect physical change in the environment; therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines the activity is not subject to CEQA. Thus, no environmental review is necessary. Environmental Notice The activity is not a “Project” as defined under Section 15378 of the California Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no environmental review is required. BOARD/COMMISSION RECOMMENDATION Not Applicable. DISCUSSION The total cash and investment portfolio held by the City as of December 31, 2016 was $219,990,144 and total cash and investments held by the trustees was $79,968,098. The cash and investments held by the City are composed of the following components: Managed Investment Portfolio ($149,427,635), State of CA Local Agency Investment Fund ($1,646,922), County of San Diego Pooled Investment Fund ($34,826,511), Cash/Time Deposits ($31,935,510), unrealized gain ($1,504,228), and accrued interest on investment ($649,338). Cash and investments held by the City and the trustees continue to be invested in accordance with the Government Code and the Council Investment Policy as adopted by Resolution 2016-046 on March 15, 2016. During the quarter, two investments matured totaling $6,000,000 and one investment for $2,385,000 was sold prior to its maturity date. Four purchases were made to replace those investments and City of Chula Vista Printed on 2/23/2017Page 1 of 3 powered by Legistar™2017-02-28 Agenda Packet Page 8 File#:17-0043, Item#: 2. was sold prior to its maturity date. Four purchases were made to replace those investments and invest idle cash. Purchased investments include: two asset-backed securities issued by Honda ($1,150,000) and Carmax ($1,240,000); one treasury note ($3,000,000); and one certificate of deposit ($3,000,000). Public Financial Management (PFM), the City's investment advisor, continues to monitor the portfolio and will make recommendations as financial and economic conditions warrant. There is no further activity to report on other than routine investments by the City's fiscal agents. On December 14, the Federal Open Market Committee (FOMC) raised the Fed Funds target range by 0.25% to a range of 0.50% to 0.75%. Two-year Treasuries yielding 0.76% at the beginning of the quarter ended higher at the end of the quarter at 1.19%. As of December 31, 2016, the Yield to Maturity at Cost on the Managed Investment Portfolio was 1.38%, which was an increase of two basis points from the previous quarter. At the end of this quarter, the weighted average maturity of the Managed Investment Portfolio was 1.94 years which is a decrease from 2.11 the previous quarter and is within the Council Policy. DECISION-MAKER CONFLICT Staff has determined that the action contemplated by this item is ministerial, secretarial, manual, or clerical in nature and, as such, does not require the City Council members to make or participate in making a governmental decision, pursuant to California Code of Regulations Title 2, section 18704(d) (1). Consequently, this item does not present a conflict of interest under the Political Reform Act (Cal. Gov't Code § 87100, et seq.). Staff is not independently aware, and has not been informed by any City Council member, of any other fact that may constitute a basis for a decision maker conflict of interest in this matter. LINK TO STRATEGIC GOALS The City’s Strategic Plan has five major goals: Operational Excellence, Economic Vitality, Healthy Community, Strong and Secure Neighborhoods and a Connected Community. The investment portfolio supports the Operational Excellence goal as it seeks to maintain the safety and liquidity of the City’s cash while contributing investment earnings to the bottom line. CURRENT YEAR FISCAL IMPACT Considering the projected timing of cash receipts and disbursements and the structure of the Pooled Investment Portfolio, the City should be able to comfortably meet overall cash flow needs over the next six months. There is no direct fiscal impact by this action. ONGOING FISCAL IMPACT There is no ongoing fiscal impact by this action. ATTACHMENTS 1. Summary of Cash and Investments as of December 31, 2016 2. PFM Investment Report for the Quarter Ended December 31, 2016 City of Chula Vista Printed on 2/23/2017Page 2 of 3 powered by Legistar™2017-02-28 Agenda Packet Page 9 File#:17-0043, Item#: 2. Staff Contact: Lisa Partee, Fiscal Management Analyst, Finance Department David Bilby, Director of Finance/Treasurer, Finance Department City of Chula Vista Printed on 2/23/2017Page 3 of 3 powered by Legistar™2017-02-28 Agenda Packet Page 10 % of Investment Type Par Value Market Value Book Value Portfolio Managed Investment Portfolio BNY Custodial Cash Account $871,257 $871,257 $871,257 0.29% U.S. Treasury Bond/Note 58,930,000 58,811,726 58,957,668 19.66% Federal Agency Collateralized Mtg Ob.1,375,000 1,373,347 1,388,769 0.46% Federal Agency Bond/Note 9,615,000 9,585,560 9,615,000 3.21% Corporate Notes 36,051,000 36,139,367 36,309,096 12.10% Commercial Paper 15,000,000 14,958,768 14,887,819 4.96% Certificates of Deposit 21,866,000 21,856,362 21,867,106 7.29% Asset Back Securities/Collateralized Mtg Ob. 5,530,000 5,514,810 5,530,919 1.84% Managed Investment Portfolio Subtotal 149,238,257 149,111,197 149,427,635 49.82% Pooled Investments State of CA Local Agency Investment Fund 1,646,922 1,645,973 1,646,922 0.55% County of San Diego Pooled Investment Fund 34,826,511 34,826,511 34,826,511 11.61% Pooled Investments Subtotal 36,473,433 36,472,484 36,473,433 12.16% Cash/Time Deposits 31,935,510 31,935,510 31,935,510 10.65% Unrealized Gain on Fair Market Value 1,504,228 1,504,228 1,504,228 0.50% Accrued Interest 649,338 649,338 649,338 0.22% Total Cash & Investments Held by the City $219,800,766 $219,672,758 $219,990,144 73.34% Held by Bank Trustee/Fiduciary Funds (1) Investment Agreements 0 0 0 0.00% Mutual Funds 27,941,018 27,940,083 27,941,018 9.31% Cash with Fiscal Agents 21,883 21,883 21,883 0.01% Restricted Cash 785,659 785,659 785,659 0.26% U.S. Gov't 51,219,539 51,219,539 51,219,539 17.08% Total Held by Bank Trustee/Fiduciary Funds $79,968,098 $79,967,163 $79,968,098 26.66% Total Portfolio $299,768,864 $299,639,921 $299,958,243 100.00% Notes: 1. Reflects bond proceeds and tax levy revenues held by trustee in accordance with bond covenants. 2. Par value is the principal amount of the investment on maturity. 3. Market values contained herein are received from sources we believe are reliable, however we do not guarantee their accuracy. 4. LAIF market value on the PFM statement does not include the market value factor as included in the market value above. 5. Book value is par value of the security plus or minus any premium or discount and accrued interest included in purchase price. Summary of Cash and Investments as of December 31, 2016 City of Chula Vista 2017-02-28 Agenda Packet Page 11 City of Chula Vista Quarter Ended December 31, 2016 Security Type1 Market Value2 % of Portfolio Policy Limits U.S. Treasuries $58,811,726 32%100% Federal Agencies $9,585,560 5%100% Federal Agency CMOs $1,373,347 1%100% Municipal Obligations $0 0%100% Commercial Paper $14,958,768 8%25% Negotiable CDs $21,856,362 12%30% Corporate Notes $36,139,367 19%30% Asset-Backed Securities $5,514,810 3%20% Money Market Fund $871,257 <1%20% San Diego County Pool $34,826,511 19%100% LAIF $1,646,922 1%$50 Million Totals $185,584,631 100% Par Value Unannualized Amortized Cost Chula Vista Past Quarter -0.50% Weighted Average Maturity (years)BAML 1-5 Yr TSY Index -1.09% Effective Duration (years)Annualized Yield to Maturity at Cost Chula Vista Past Quarter -2.01% Yield to Maturity at Market BAML 1-5 Yr TSY Index -4.37% Notes: 1. End of quarter trade-date market values of portfolio holdings. Percentages may not add to 100% due to rounding. 2. Balances held in LAIF and the San Diego County Investment Pool are not managed by PFM Asset Management LLC. 4. Yields, weighted average maturity, and effective duration exclude balances not managed by PFM Asset Management LLC. 5. Performance is measured on a total return basis, which takes into account interest income, realized gains and losses, and unrealized gains and losses due to changes in market value. Returns excludes balances not managed by PFM Asset Management LLC. Returns for periods less than 1 year are unannualized. Returns on trade date basis, gross (i.e., before fees), in accordance with the CFA Institute’s Global Investment Performance Standards (GIPS). Bank of America Merrill Lynch (BAML) Indices provided by Bloomberg Financial Markets. Annualized return for quarter assumes the portfolio generates the same unannualized return for four quarters. 1.41% Summary of Portfolio Characteristics and Key Statistics Sector Distribution Credit Quality (S&P Ratings)Maturity Distribution Key Statistics4 Total Return5 $185,711,691 $185,856,287 1.94 1.80 1.38% 3. Nissan ABS is not rated by S&P, but is rated Aaa by Moody's. Goldman Sachs, Morgan Stanley and Citigroup are rated BBB+ by S&P, but Goldman Sachs is rated A3 by Moody's, Morgan Stanley is rated A3 by Moody's and Citigroup is rated A by Fitch. U.S. Treasuries 32% Federal Agencies 5% Federal Agency CMOs 1%Commercial Paper 8% Negotiable CDs 12% Corporate Notes 19% Asset- Backed Securities 3% Money Market Fund <1% San Diego County Pool 19% LAIF 1% AAA 3% AA 45% A 10% BBB3 2%A-1 (Short-term) 20% Money Market Fund <1% AAAf/S1 (San Diego County) 19% Not Rated (LAIF) 1% 35% 10% 17% 23% 12% 4% 0% 10% 20% 30% 40% 50% Under 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 YearsPercentage of Total Portfolio2017-02-28 Agenda Packet Page 12 QUARTERLY MARKET SUMMARY For the Quarter Ended December 31, 2016 Fixed Income Management Summary •Bond yields and equity prices soared following the U.S. presidential election in November, as President-elect Donald Trump’s proposed policies and his intentions to ramp up government spending boosted inflation expectations and growth forecasts. Major stock indexes including the S&P 500, NASDAQ, and Dow Jones Industrial Average closed at record highs during the quarter. •On December 14, the Federal Open Market Committee (FOMC) raised the federal funds target range by 0.25% to a range of 0.50% to 0.75%. The unanimous decision, in line with market expectations, was the first rate hike since December 2015. The FOMC also released updated economic forecasts and a new “dot plot,” forecasting three rate hikes in 2017. •Central banks outside the U.S. continued to pursue accommodative monetary policy amid slow growth and low inflation. The European Central Bank (ECB) kept its benchmark interest rate at 0% and continued its asset purchase program, as did the Bank of England (BOE). At the same time, the Bank of Japan (BOJ) continued its quantitative easing programs aimed at keeping the 10-year Japanese government bond yield near 0% and expanding money supply until inflation remains above the 2% target. •The Organization of the Petroleum Exporting Countries (OPEC) agreed in late November to a combined reduction in daily production. The agreement caused the price of oil to increase more than 10% during the fourth quarter. Economic Snapshot •The U.S. economy gained momentum during the latter half of the year. The labor market continued to show strength, booking a solid quarter of job gains. The housing market also strengthened in the fourth quarter as Americans continued to take advantage of historically low interest rates, driving home sales to decade-high levels. •U.S. gross domestic product (GDP) grew at a 3.5% rate in the third quarter, rebounding from modest growth during the first half of 2016. (Fourth quarter GDP data is not yet available.) Consumer spending and exports contributed to the pick-up in expansion, while private inventories grew for the first time since the start of 2015. •The unemployment rate fell to 4.6% during the fourth quarter — a post- recession low. In another positive sign, job openings remained near record highs, while initial unemployment filings remained near record lows. December’s addition of 156,000 jobs finished a year of solid job growth performance in which the U.S. added 2.2 million net new jobs. For the year, wages rose 2.9%, the fastest pace since 2009. •Americans continued to feel more confident about the economy as the Conference Board’s December reading climbed to a 15-year high, and sentiment strengthened further as the University of Michigan’s Consumer Sentiment Index reached its highest level since January 2004. Interest Rates •Interest rates surged in the fourth quarter, ending the year with net increases and a steeper yield curve. The two-year Treasury yield increased 43 basis points (bps) for the quarter, while the yield on the 10-year Treasury rose 85 bps — a considerable rebound from July’s record-low yield. •In the money market space, shorter-term Treasury yields rose alongside expectations of a Federal Reserve rate hike. Money market reforms took effect in October, significantly altering the supply-demand dynamic in the money markets. Yields on short-term credit instruments, such as commercial paper and negotiable bank certificates of deposit (CDs), continued to remain elevated and offer significant incremental yield. Sector Performance •U.S. Treasury indexes posted losses for the fourth quarter, declining for the second straight quarter as yields rose. For the year, returns were positive but muted. Shorter maturity issues outperformed longer maturities as the yield curve steepened. •Federal agency yield spreads drifted tighter during the quarter as supply diminished, leading to the sector’s modest outperformance relative to comparable-maturity Treasuries. •Corporate yield spreads remained mostly unchanged until the November 8 presidential election, after which they tightened, reaching new lows for the year. Corporates outperformed Treasuries every quarter in 2016, resulting in the sector’s best year since 2012. •Mortgage-backed securities (MBS) generally underperformed Treasuries amid increased extension risk due to the rise in interest rates. Asset-backed securities (ABS) outperformed Treasuries due to declining prepayment risk. PFM Asset Management LLC2017-02-28 Agenda Packet Page 13 QUARTERLY MARKET SUMMARY For the Quarter Ended December 31, 2016 Fixed Income Management Economic Snapshot Source: Bloomberg. Labor Market Sep 2016 Dec 2015 Unemployment Rate Nov'16 4.6%5.0%5.0% Change In Non-Farm Payrolls Nov'16 178,000 208,000 271,000 Average Hourly Earnings (YoY)Nov'16 2.5%2.7%2.6% Personal Income (YoY)Nov'16 3.5%3.6%4.0% Initial Jobless Claims (week)12/24/16 265,000 246,000 285,000 Growth Real GDP (QoQ SAAR)2016Q3 3.5%1.4%2.0% GDP Personal Consumption (QoQ SAAR) 2016Q3 3.0%4.3%2.7% Retail Sales (YoY)Nov'16 3.8%3.3%2.8% ISM Manufacturing Survey (month)Nov'16 53.2 51.5 48.0 Existing Home Sales SAAR (month)Nov'16 5.61 mil. 5.49 mil. 5.45 mil. Inflation / Prices Personal Consumption Expenditures (YoY) Nov'16 1.4%1.2%0.6% Consumer Price Index (YoY)Nov'16 1.7%1.5%0.7% Consumer Price Index Core (YoY)Nov'16 2.1%2.2%2.1% Crude Oil Futures (WTI, per barrel)Dec 31 $53.72 $48.24 $37.04 Gold Futures (oz.)Dec 31 $1,152 $1,313 $1,060 Latest 0 50K 100K 150K 200K 250K 300K 350K 400K 4% 5% 6% 7% 12/31/13 6/30/14 12/31/14 6/30/15 12/31/15 6/30/16 Unemployment Rate (left) vs. Change in Nonfarm Payrolls (right) Change In Non-Farm Payrolls Unemployment Rate -2% 0% 2% 4% 6% 9/30/13 3/31/14 9/30/14 3/31/15 9/30/15 3/31/16 9/30/16 Real GDP (QoQ) -1% 0% 1% 2% 3% 12/31/13 6/30/14 12/31/14 6/30/15 12/31/15 6/30/16 Consumer Price Index CPI (YoY)Core CPI (YoY) 2 2 1 1 1. Data as of Second Quarter 2016 2. Data as of Third Quarter 2015 Note: YoY = year over year, QoQ = quarter over quarter, SAAR = seasonally adjusted annual rate, WTI = West Texas Intermediate crude oil PFM Asset Management LLC2017-02-28 Agenda Packet Page 14 QUARTERLY MARKET SUMMARY For the Quarter Ended December 31, 2016 Fixed Income Management Source: Bloomberg. Interest Rate Overview U.S. Treasury Note Yields U.S. Treasury Yield Curve U.S. Treasury Yields Yield Curves as of 12/31/16 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 9/30/16 10/31/16 11/30/16 12/31/16Yield 2-Year 5-Year 10-Year 0% 1% 2% 3% 4%3-mo1-yr2-yr3-yr5-yr7-yr10-yr30-yrYieldMaturity December 31, 2016 September 30, 2016 December 31, 2015 Maturity 12/31/16 9/30/16 Change over Quarter 12/31/15 Change over Year 3-month 0.50% 0.28% 0.22% 0.17% 0.33% 1-year 0.81% 0.59% 0.22% 0.60% 0.21% 2-year 1.19% 0.76% 0.43% 1.05% 0.14% 5-year 1.93% 1.15% 0.78% 1.76% 0.17% 10-year 2.45% 1.60% 0.85% 2.27% 0.18% 30-year 3.07% 2.32% 0.75% 3.02% 0.05% 0% 1% 2% 3% 4% 5%1-yr2-yr3-yr5-yr7-yr10-yr25-yr30-yrYieldMaturity U.S. Treasury Federal Agency Industrial Corporates, A Rated PFM Asset Management LLC2017-02-28 Agenda Packet Page 15 QUARTERLY MARKET SUMMARY For the Quarter Ended December 31, 2016 Fixed Income Management Source: BofA Merrill Lynch Indices. Duration Yield 3 Month 1 Year 3 Years 1-3 Year Indices U.S. Treasury 1.89 1.18%(0.43%)0.89% 0.68% Federal Agency 1.86 1.29%(0.34%)0.96% 0.78% U.S. Corporates, A-AAA rated 1.85 1.89%(0.28%)1.81% 1.35% Agency MBS (0 to 3 years)2.10 1.95%(0.91%)0.52% 1.09% Taxable Municipals 1.85 2.34%(0.40%)2.47% 2.34% 1-5 Year Indices U.S. Treasury 2.71 1.42%(1.09%)1.09% 1.10% Federal Agency 2.33 1.45%(0.72%)1.12% 1.13% U.S. Corporates, A-AAA rated 2.72 2.20%(0.95%)2.19% 1.94% Agency MBS (0 to 5 years)3.31 2.20%(1.81%)1.26% 2.12% Taxable Municipals 2.53 2.41%(0.80%)3.15% 3.06% Master Indices (Maturities 1 Year or Greater) U.S. Treasury 6.23 1.90%(3.96%)1.14% 2.63% Federal Agency 3.97 1.82%(2.08%)1.50% 2.17% U.S. Corporates, A-AAA rated 6.91 3.03%(3.15%)4.23% 4.04% Agency MBS (0 to 30 years)4.88 2.76%(1.98%)1.67% 3.04% Taxable Municipals 3.86 2.96%(1.77%)3.64% 4.19% As of 12/31/16 Returns for Periods ended 12/31/16 Returns for periods greater than one year are annualized. PFM Asset Management LLC BofA Merrill Lynch Index Returns 2017-02-28 Agenda Packet Page 16 QUARTERLY MARKET SUMMARY For the Quarter Ended December 31, 2016 Fixed Income Management Disclosures The views expressed within this material constitute the perspective and judgment of PFM Asset Management LLC (PFMAM) at the time of distribution and are subject to change. Information is obtained from sources generally believed to be reliable and available to the public; however, PFMAM cannot guarantee its accuracy, completeness, or suitability. This material is for general information purposes only and is not intended to provide specific advice or recommendation. The information contained in this report is not an offer to purchase or sell any securities. PFMAM is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. PFMAM’s clients are state and local governments, non-profit corporations, pension funds, and similar institutional investors. www.pfm.com © 2017 PFM Asset Management LLC. Further distribution is not permitted without prior written consent. PFM Asset Management LLC2017-02-28 Agenda Packet Page 17 For the Month Ending December 31, 2016Managed Account Detail of Securities Held Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value CITY OF CHULA VISTA Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par U.S. Treasury Bond / Note US TREASURY NOTES DTD 07/31/2013 1.375% 07/31/2018 4,520,038.50 4,523,188.68 25,893.34 4,544,648.44 07/06/1507/02/15AaaAA+ 4,500,000.00 912828VQ0 1.05 US TREASURY NOTES DTD 10/31/2011 1.750% 10/31/2018 3,936,536.28 3,941,696.80 11,674.24 3,977,008.01 08/05/1508/04/15AaaAA+ 3,895,000.00 912828RP7 1.09 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 7,986,523.88 7,985,963.47 8,763.74 7,994,314.46 07/06/1507/02/15AaaAA+ 7,975,000.00 912828A34 1.18 US TREASURY NOTES DTD 01/31/2012 1.250% 01/31/2019 1,000,586.00 996,800.32 5,230.98 994,023.44 02/23/1502/19/15AaaAA+ 1,000,000.00 912828SD3 1.41 US TREASURY NOTES DTD 06/02/2014 1.500% 05/31/2019 8,539,176.50 8,527,387.94 11,208.79 8,543,828.13 07/06/1507/02/15AaaAA+ 8,500,000.00 912828WL0 1.36 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 2,043,462.05 2,048,928.27 5,275.96 2,039,348.83 04/27/1504/23/15AaaAA+ 2,065,000.00 912828TR1 1.29 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 3,018,188.50 3,019,695.69 7,792.58 3,001,867.19 05/04/1505/01/15AaaAA+ 3,050,000.00 912828TR1 1.37 US TREASURY NOTES DTD 10/31/2014 1.500% 10/31/2019 1,503,633.00 1,495,714.17 3,853.59 1,493,496.09 06/29/1506/26/15AaaAA+ 1,500,000.00 912828F62 1.60 US TREASURY NOTES DTD 10/31/2014 1.500% 10/31/2019 8,520,587.00 8,500,476.26 21,837.02 8,500,664.06 07/06/1507/02/15AaaAA+ 8,500,000.00 912828F62 1.50 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 2,963,907.00 2,961,106.08 2,637.36 2,940,468.75 05/28/1505/26/15AaaAA+ 3,000,000.00 912828UB4 1.46 US TREASURY NOTES DTD 12/01/2014 1.500% 11/30/2019 3,006,210.00 3,008,983.62 3,956.04 3,009,257.81 11/29/1611/29/16AaaAA+ 3,000,000.00 912828G61 1.39 US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 1,190,437.20 1,197,311.42 5,096.69 1,196,296.88 10/13/1510/08/15AaaAA+ 1,200,000.00 912828UQ1 1.32 US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 1,190,437.20 1,197,192.52 5,096.69 1,196,156.25 10/23/1510/23/15AaaAA+ 1,200,000.00 912828UQ1 1.33 US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 3,020,734.40 3,013,683.61 12,932.84 3,002,774.41 11/13/1511/13/15AaaAA+ 3,045,000.00 912828UQ1 1.59 2017-02-28 Agenda Packet Page 18 For the Month Ending December 31, 2016Managed Account Detail of Securities Held Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value CITY OF CHULA VISTA Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par U.S. Treasury Bond / Note US TREASURY NOTES DTD 01/31/2016 1.375% 01/31/2021 2,952,069.00 3,018,110.31 17,262.23 3,020,507.81 06/10/1606/07/16AaaAA+ 3,000,000.00 912828N89 1.22 US TREASURY NOTES DTD 03/31/2016 1.250% 03/31/2021 3,419,199.00 3,502,679.36 11,177.88 3,503,007.81 06/10/1606/07/16AaaAA+ 3,500,000.00 912828Q37 1.23 159,689.97 58,811,725.51 58,938,918.52 1.32 58,957,668.37 58,930,000.00 Security Type Sub-Total Federal Agency Collateralized Mortgage Obligation FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 1,373,347.39 1,383,992.13 1,886.04 1,388,769.11 10/30/1510/07/15AaaAA+ 1,375,000.00 3136AQDQ0 1.08 1,886.04 1,373,347.39 1,383,992.13 1.08 1,388,769.11 1,375,000.00 Security Type Sub-Total Federal Agency Bond / Note FFCB NOTES DTD 09/21/2012 0.830% 09/21/2017 615,020.30 615,000.00 1,417.92 615,000.00 09/21/1209/21/12AaaAA+ 615,000.00 3133EAY28 0.83 FREDDIE MAC (EX-CALLABLE) BONDS DTD 12/26/2012 0.850% 12/26/2017 2,992,488.00 3,000,000.00 354.17 3,000,000.00 12/26/1212/26/12AaaAA+ 3,000,000.00 3134G32L3 0.85 FANNIE MAE (CALLABLE) BONDS DTD 12/27/2012 0.900% 12/27/2017 2,990,607.00 3,000,000.00 300.00 3,000,000.00 12/27/1212/27/12AaaAA+ 3,000,000.00 3136G14X4 0.90 FREDDIE MAC (EX-CALLABLE) BONDS DTD 05/29/2013 1.000% 05/29/2018 2,987,445.00 3,000,000.00 2,666.67 3,000,000.00 05/29/1305/29/13AaaAA+ 3,000,000.00 3134G45W4 1.00 4,738.76 9,585,560.30 9,615,000.00 0.91 9,615,000.00 9,615,000.00 Security Type Sub-Total Corporate Note PFIZER INC GLOBAL NOTES DTD 06/03/2013 0.900% 01/15/2017 1,999,986.00 2,000,067.36 8,300.00 2,002,620.00 07/08/1507/02/15A1AA 2,000,000.00 717081DD2 0.81 MORGAN STANLEY CORP NOTES DTD 12/05/2014 1.875% 01/05/2018 550,819.50 552,286.88 5,041.67 552,849.00 09/30/1609/30/16A3BBB+ 550,000.00 61761JVM8 1.46 BRANCH BANKING & TRUST NT (CALLABLE) DTD 11/21/2012 1.450% 01/12/2018 998,351.00 1,002,385.19 6,806.94 1,003,130.00 09/13/1609/08/16A2A- 1,000,000.00 05531FAM5 1.21 2017-02-28 Agenda Packet Page 19 For the Month Ending December 31, 2016Managed Account Detail of Securities Held Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value CITY OF CHULA VISTA Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Corporate Note CITIGROUP INC CORP NOTES DTD 05/01/2013 1.750% 05/01/2018 498,934.50 501,075.67 1,458.33 501,275.00 09/30/1609/30/16Baa1BBB+ 500,000.00 172967GS4 1.59 BERKSHIRE HATHAWAY NOTES DTD 05/15/2013 1.300% 05/15/2018 423,912.43 424,389.13 705.97 423,763.25 07/27/1507/23/15Aa2AA 425,000.00 084664BW0 1.41 BERKSHIRE HATHAWAY NOTES DTD 05/15/2013 1.300% 05/15/2018 1,342,555.59 1,346,167.52 2,235.86 1,346,336.50 07/15/1507/10/15Aa2AA 1,346,000.00 084664BW0 1.29 BANK OF AMERICA BANK NOTES DTD 06/05/2015 1.750% 06/05/2018 799,966.40 800,642.08 1,011.11 801,160.00 10/23/1510/20/15A1A+ 800,000.00 06050TMC3 1.69 CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 1,504,593.00 1,511,183.30 501.08 1,523,610.00 04/27/1504/23/15Aa2AA- 1,500,000.00 166764AE0 1.21 GOLDMAN SACHS GROUP INC NOTES DTD 07/19/2013 2.900% 07/19/2018 506,905.00 510,560.61 6,525.00 512,255.00 09/30/1609/30/16A3BBB+ 500,000.00 38147MAA3 1.52 GOLDMAN SACHS GROUP INC NOTES DTD 07/19/2013 2.900% 07/19/2018 988,464.75 991,843.92 12,723.75 1,004,298.75 10/28/1510/28/15A3BBB+ 975,000.00 38147MAA3 1.77 CITIGROUP INC CORP NOTES DTD 09/26/2013 2.500% 09/26/2018 984,325.88 984,791.07 6,432.29 991,233.75 10/28/1510/28/15Baa1BBB+ 975,000.00 172967HC8 1.91 US BANCORP NOTES (CALLABLE) DTD 11/07/2013 1.950% 11/15/2018 3,015,264.00 3,012,547.59 7,475.00 3,021,840.00 08/19/1508/17/15A1A+ 3,000,000.00 91159HHE3 1.72 BANK OF NY MELLN CORP (CALLABLE) NOTES DTD 11/18/2013 2.100% 01/15/2019 1,004,418.00 1,004,439.93 9,683.33 1,007,240.00 09/21/1509/18/15A1A 1,000,000.00 06406HCP2 1.87 IBM CORP NOTE DTD 02/12/2014 1.950% 02/12/2019 1,509,204.00 1,515,966.00 11,293.75 1,528,290.00 04/27/1504/23/15Aa3AA- 1,500,000.00 459200HT1 1.44 TOYOTA MOTOR CREDIT CORP DTD 02/19/2016 1.700% 02/19/2019 1,525,165.20 1,529,868.51 9,537.00 1,529,816.40 02/19/1602/16/16Aa3AA- 1,530,000.00 89236TCU7 1.70 CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 1,519,767.00 1,503,764.67 10,625.00 1,506,270.00 06/29/1506/26/15A1AA- 1,500,000.00 17275RAR3 2.01 APPLE INC GLOBAL NOTES DTD 05/06/2014 2.100% 05/06/2019 1,514,230.50 1,507,097.81 4,812.50 1,511,475.00 06/29/1506/26/15Aa1AA+ 1,500,000.00 037833AQ3 1.89 2017-02-28 Agenda Packet Page 20 For the Month Ending December 31, 2016Managed Account Detail of Securities Held Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value CITY OF CHULA VISTA Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Corporate Note AMERCIAN EXPRESS CREDIT CORP NOTES DTD 08/15/2014 2.250% 08/15/2019 1,005,565.00 1,002,609.37 8,500.00 1,003,820.00 09/21/1509/18/15A2A- 1,000,000.00 0258M0DP1 2.15 GENERAL ELECTRIC CAP CORP (CALLABLE) DTD 01/09/2015 2.200% 01/09/2020 1,504,881.00 1,528,132.23 15,766.67 1,533,555.00 06/01/1605/26/16A1AA- 1,500,000.00 36962G7M0 1.56 JPMORGAN CHASE & CO (CALLABLE) DTD 01/23/2015 2.250% 01/23/2020 997,646.00 995,162.05 9,875.00 993,230.00 09/21/1509/18/15A3A- 1,000,000.00 46625HKA7 2.41 JPMORGAN CHASE & CO (CALLABLE) DTD 01/23/2015 2.250% 01/23/2020 1,496,469.00 1,503,154.41 14,812.50 1,504,815.00 04/27/1504/23/15A3A- 1,500,000.00 46625HKA7 2.18 WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 995,275.00 998,575.46 9,018.06 998,000.00 09/21/1509/18/15A2A 1,000,000.00 94974BGF1 2.20 WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 1,492,912.50 1,500,036.93 13,527.08 1,500,045.00 03/27/1503/26/15A2A 1,500,000.00 94974BGF1 2.15 AMERICAN HONDA FINANCE CORP NOTES DTD 03/13/2015 2.150% 03/13/2020 1,495,851.00 1,503,972.42 9,675.00 1,506,045.00 03/27/1503/26/15A1A+ 1,500,000.00 02665WAU5 2.06 AMERICAN EXP CREDIT CORP NT (CALLABLE) DTD 05/26/2015 2.375% 05/26/2020 1,499,161.50 1,489,510.19 3,463.54 1,485,135.00 06/29/1506/26/15A2A- 1,500,000.00 0258M0DT3 2.59 BNY MELLON CORP NOTE (CALLABLE) DTD 08/17/2015 2.600% 08/17/2020 1,510,921.50 1,519,493.37 14,516.67 1,525,875.00 10/09/1510/08/15A1A 1,500,000.00 06406HDD8 2.22 AMERICAN HONDA FINANCE CB DTD 09/24/2015 2.450% 09/24/2020 1,005,170.00 1,004,336.97 6,601.39 1,005,680.00 10/09/1510/08/15A1A+ 1,000,000.00 02665WAZ4 2.33 PEPSICO INC CORP NOTES (CALLABLE) DTD 10/14/2015 2.150% 10/14/2020 2,003,544.00 2,028,356.12 9,197.22 2,032,540.00 06/06/1606/01/16A1A 2,000,000.00 713448DC9 1.76 MORGAN STANLEY CORP NOTES DTD 04/21/2016 2.500% 04/21/2021 445,107.60 452,548.06 2,187.50 452,893.50 05/16/1605/11/16A3BBB+ 450,000.00 61746BEA0 2.36 222,309.21 36,139,366.85 36,224,964.82 1.80 36,309,096.15 36,051,000.00 Security Type Sub-Total Commercial Paper 2017-02-28 Agenda Packet Page 21 For the Month Ending December 31, 2016Managed Account Detail of Securities Held Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value CITY OF CHULA VISTA Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Commercial Paper ING (US) FUNDING LLC COMM PAPER -- 0.000% 02/22/2017 2,996,028.00 2,994,800.01 0.00 2,982,000.00 08/26/1608/25/16P-1A-1 3,000,000.00 4497W0PN2 1.21 BANK OF TOKYO MITSUBISHI UFJ COMM PAPER -- 0.000% 02/28/2017 2,996,049.00 2,994,151.68 0.00 2,981,749.17 08/31/1608/30/16P-1A-1 3,000,000.00 06538BPU1 1.22 CREDIT AGRICOLE CIB NY COMM PAPER -- 0.000% 02/28/2017 2,995,749.00 2,994,200.01 0.00 2,981,900.00 08/31/1608/30/16P-1A-1 3,000,000.00 22533TPU4 1.21 BNP PARIBAS NY BRANCH COMM PAPER -- 0.000% 05/23/2017 2,986,392.00 2,984,025.00 0.00 2,969,625.00 08/26/1608/26/16P-1A-1 3,000,000.00 09659BSP6 1.36 BANK OF MONTREAL CHICAGO COMM PAPER -- 0.000% 06/02/2017 2,984,550.00 2,984,311.56 0.00 2,972,545.23 09/09/1609/07/16P-1A-1 3,000,000.00 06366GT25 1.25 0.00 14,958,768.00 14,951,488.26 1.25 14,887,819.40 15,000,000.00 Security Type Sub-Total Certificate of Deposit NORDEA BANK FINLAND NY CERT DEPOS DTD 09/02/2016 1.190% 03/01/2017 1,466,866.85 1,466,260.70 5,863.59 1,466,671.63 09/30/1609/29/16P-1A-1+ 1,466,000.00 65558LSH6 1.08 SOCIETE GENERALE NY CERT DEPOS DTD 09/08/2016 1.250% 03/07/2017 3,004,092.00 3,000,000.00 11,979.17 3,000,000.00 09/08/1609/07/16P-1A-1 3,000,000.00 83369YCM6 1.25 RABOBANK NEDERLAND NV CERT DEPOS DTD 04/27/2015 1.070% 04/21/2017 2,399,743.20 2,400,000.00 4,993.33 2,400,000.00 04/27/1504/22/15P-1A-1 2,400,000.00 21684BXH2 1.07 NORINCHUKIN BANK NY CERT DEPOS DTD 10/27/2016 1.260% 04/25/2017 3,001,538.70 3,000,281.67 6,930.00 3,000,434.86 10/31/1610/27/16P-1A-1 3,000,000.00 65602UFZ6 1.24 BANK OF NOVA SCOTIA HOUSTON CERT DEPOS DTD 08/26/2016 1.350% 07/25/2017 3,000,633.00 3,000,000.00 14,400.00 3,000,000.00 08/26/1608/26/16P-1A-1 3,000,000.00 06417GNH7 1.35 TORONTO DOMINION BANK NY CERT DEPOS DTD 08/26/2016 1.380% 08/21/2017 2,986,209.33 3,000,000.00 14,720.00 3,000,000.00 08/26/1608/26/16P-1A-1+ 3,000,000.00 89113WHS8 1.37 2017-02-28 Agenda Packet Page 22 For the Month Ending December 31, 2016Managed Account Detail of Securities Held Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value CITY OF CHULA VISTA Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Certificate of Deposit CANADIAN IMPERIAL BANK NY CD DTD 08/26/2016 1.390% 08/28/2017 3,002,364.00 3,000,000.00 14,826.67 3,000,000.00 08/26/1608/26/16P-1A-1 3,000,000.00 13606AY36 0.72 SKANDINAVISKA ENSKILDA BANKEN NY CD DTD 11/17/2015 1.480% 11/16/2017 2,994,915.00 3,000,000.00 5,673.33 3,000,000.00 11/17/1511/16/15P-1A-1 3,000,000.00 83050FBG5 1.48 79,386.09 21,856,362.08 21,866,542.37 1.21 21,867,106.49 21,866,000.00 Security Type Sub-Total Asset-Backed Security / Collateralized Mortgage Obligation CARMX 2016-4 A2 DTD 10/26/2016 1.210% 11/15/2019 1,237,538.85 1,239,937.06 666.84 1,239,932.79 10/26/1610/19/16AaaAAA 1,240,000.00 14312QAB2 1.21 HONDA ABS 2016-1 A3 DTD 02/25/2016 1.220% 12/18/2019 748,271.03 749,921.15 330.42 749,893.43 02/25/1602/16/16NRAAA 750,000.00 43814NAC9 1.23 NISSAN ABS 2015-C A3 DTD 10/14/2015 1.370% 05/15/2020 858,673.36 859,923.95 523.64 859,890.52 10/14/1510/06/15AaaNR 860,000.00 65478AAD5 1.38 ALLY ABS 2016-3 A3 DTD 05/31/2016 1.440% 08/15/2020 529,963.17 529,956.09 339.20 529,948.54 05/31/1605/24/16AaaAAA 530,000.00 02007LAC6 1.44 BANK OF AMER CREDIT CARD TR 2015-A2 DTD 04/29/2015 1.360% 09/15/2020 999,539.10 1,001,022.90 604.44 1,001,328.12 10/28/1510/26/15AaaAAA 1,000,000.00 05522RCU0 1.30 HAROT 2016-4 A3 DTD 10/25/2016 1.210% 12/18/2020 1,140,824.84 1,149,929.36 502.49 1,149,925.37 10/25/1610/18/16NRAAA 1,150,000.00 43814RAC0 1.04 2,967.03 5,514,810.35 5,530,690.51 1.24 5,530,918.77 5,530,000.00 Security Type Sub-Total 148,367,000.00 148,556,378.29 1.38 470,977.10 148,511,596.61 148,239,940.48 Managed Account Sub-Total $148,367,000.00 $148,556,378.29 $470,977.10 $148,511,596.61 $148,239,940.48 1.38% $148,710,917.58 $470,977.10 Total Investments Accrued Interest Securities Sub-Total 2017-02-28 Agenda Packet Page 23 For the Month Ending October 31, 2016Managed Account Security Transactions & Interest CUSIP CITY OF CHULA VISTA Transaction Type Trade Settle Security Description Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method BUY 10/25/16 HAROT 2016-4 A3 DTD 10/25/2016 1.210% 12/18/2020 43814RAC0 (1,149,925.37) 0.00 (1,149,925.37) 1,150,000.00 10/18/16 10/26/16 CARMX 2016-4 A2 DTD 10/26/2016 1.210% 11/15/2019 14312QAB2 (1,239,932.79) 0.00 (1,239,932.79) 1,240,000.00 10/19/16 10/31/16 NORINCHUKIN BANK NY CERT DEPOS DTD 10/27/2016 1.260% 04/25/2017 65602UFZ6 (3,000,434.86)(420.00)(3,000,854.86) 3,000,000.00 10/27/16 (420.00) (5,390,713.02)(5,390,293.02) 5,390,000.00 Transaction Type Sub-Total INTEREST 10/25/16 FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 3136AQDQ0 0.00 1,886.04 1,886.04 1,375,000.00 10/01/16 10/04/16 MONEY MARKET FUND MONEY0002 0.00 2,168.82 2,168.82 0.00 10/04/16 10/14/16 PEPSICO INC CORP NOTES (CALLABLE) DTD 10/14/2015 2.150% 10/14/2020 713448DC9 0.00 21,500.00 21,500.00 2,000,000.00 10/14/16 10/15/16 BANK OF AMER CREDIT CARD TR 2015-A2 DTD 04/29/2015 1.360% 09/15/2020 05522RCU0 0.00 1,133.33 1,133.33 1,000,000.00 10/15/16 10/15/16 NISSAN ABS 2015-C A3 DTD 10/14/2015 1.370% 05/15/2020 65478AAD5 0.00 981.83 981.83 860,000.00 10/15/16 10/15/16 ALLY ABS 2016-3 A3 DTD 05/31/2016 1.440% 08/15/2020 02007LAC6 0.00 636.00 636.00 530,000.00 10/15/16 10/18/16 HONDA ABS 2016-1 A3 DTD 02/25/2016 1.220% 12/18/2019 43814NAC9 0.00 762.50 762.50 750,000.00 10/18/16 10/21/16 RABOBANK NEDERLAND NV CERT DEPOS DTD 04/27/2015 1.070% 04/21/2017 21684BXH2 0.00 12,840.00 12,840.00 2,400,000.00 10/21/16 10/21/16 MORGAN STANLEY CORP NOTES DTD 04/21/2016 2.500% 04/21/2021 61746BEA0 0.00 5,625.00 5,625.00 450,000.00 10/21/16 10/30/16 FANNIE MAE (CALLED OMD 01/30/18) NOTES DTD 01/30/2013 1.030% 10/30/2016 3135G0TV5 0.00 7,725.00 7,725.00 3,000,000.00 10/30/16 10/31/16 US TREASURY NOTES DTD 10/31/2011 1.750% 10/31/2018 912828RP7 0.00 34,081.25 34,081.25 3,895,000.00 10/31/16 2017-02-28 Agenda Packet Page 24 For the Month Ending October 31, 2016Managed Account Security Transactions & Interest CUSIP CITY OF CHULA VISTA Transaction Type Trade Settle Security Description Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method INTEREST 10/31/16 US TREASURY NOTES DTD 10/31/2014 1.500% 10/31/2019 912828F62 0.00 63,750.00 63,750.00 8,500,000.00 10/31/16 10/31/16 US TREASURY NOTES DTD 10/31/2014 1.500% 10/31/2019 912828F62 0.00 11,250.00 11,250.00 1,500,000.00 10/31/16 164,339.77 164,339.77 0.00 26,260,000.00 Transaction Type Sub-Total MATURITY 10/30/16 FANNIE MAE (CALLED OMD 01/30/18) NOTES DTD 01/30/2013 1.030% 10/30/2016 3135G0TV5 3,000,000.00 0.00 3,000,000.00 0.00 0.00 3,000,000.00 10/30/16 0.00 0.00 0.00 3,000,000.00 3,000,000.00 3,000,000.00 Transaction Type Sub-Total SELL 10/25/16 FFCB NOTES DTD 09/21/2012 0.830% 09/21/2017 3133EAY28 2,388,291.30 1,869.58 2,390,160.88 3,291.30 3,291.30 SPEC LOT 2,385,000.00 10/19/16 1,869.58 3,291.30 3,291.30 2,390,160.88 2,388,291.30 2,385,000.00 Transaction Type Sub-Total (2,001.72) 165,789.35 163,787.63 3,291.30 3,291.30 Managed Account Sub-Total Total Security Transactions $3,291.30 $163,787.63 $165,789.35 ($2,001.72)$3,291.30 2017-02-28 Agenda Packet Page 25 For the Month Ending November 30, 2016 CITY OF CHULA VISTA Managed Account Security Transactions & Interest Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method BUY 11/29/16 US TREASURY NOTES DTD 12/01/2014 1.500% 11/30/2019 912828G61 (3,009,257.81)(22,377.05)(3,031,634.86) 3,000,000.00 11/29/16 (22,377.05) (3,031,634.86)(3,009,257.81) 3,000,000.00 Transaction Type Sub-Total INTEREST 11/01/16 CITIGROUP INC CORP NOTES DTD 05/01/2013 1.750% 05/01/2018 172967GS4 0.00 4,375.00 4,375.00 500,000.00 11/01/16 11/25/16 FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 3136AQDQ0 0.00 1,886.04 1,886.04 1,375,000.00 11/01/16 11/02/16 MONEY MARKET FUND MONEY0002 0.00 1,723.80 1,723.80 0.00 11/02/16 11/06/16 APPLE INC GLOBAL NOTES DTD 05/06/2014 2.100% 05/06/2019 037833AQ3 0.00 15,750.00 15,750.00 1,500,000.00 11/06/16 11/15/16 US BANCORP NOTES (CALLABLE) DTD 11/07/2013 1.950% 11/15/2018 91159HHE3 0.00 29,250.00 29,250.00 3,000,000.00 11/15/16 11/15/16 ALLY ABS 2016-3 A3 DTD 05/31/2016 1.440% 08/15/2020 02007LAC6 0.00 636.00 636.00 530,000.00 11/15/16 11/15/16 NISSAN ABS 2015-C A3 DTD 10/14/2015 1.370% 05/15/2020 65478AAD5 0.00 981.83 981.83 860,000.00 11/15/16 11/15/16 BERKSHIRE HATHAWAY NOTES DTD 05/15/2013 1.300% 05/15/2018 084664BW0 0.00 2,762.50 2,762.50 425,000.00 11/15/16 11/15/16 CARMX 2016-4 A2 DTD 10/26/2016 1.210% 11/15/2019 14312QAB2 0.00 791.88 791.88 0.00 11/15/16 11/15/16 BANK OF AMER CREDIT CARD TR 2015-A2 DTD 04/29/2015 1.360% 09/15/2020 05522RCU0 0.00 1,133.33 1,133.33 1,000,000.00 11/15/16 11/15/16 BERKSHIRE HATHAWAY NOTES DTD 05/15/2013 1.300% 05/15/2018 084664BW0 0.00 8,749.00 8,749.00 1,346,000.00 11/15/16 11/16/16 SKANDINAVISKA ENSKILDA BANKEN NY CD DTD 11/17/2015 1.480% 11/16/2017 83050FBG5 0.00 45,016.67 45,016.67 3,000,000.00 11/16/16 11/18/16 HONDA ABS 2016-1 A3 DTD 02/25/2016 1.220% 12/18/2019 43814NAC9 0.00 762.50 762.50 750,000.00 11/18/16 11/18/16 HAROT 2016-4 A3 DTD 10/25/2016 1.210% 12/18/2020 43814RAC0 0.00 889.01 889.01 1,150,000.00 11/18/16 2017-02-28 Agenda Packet Page 26 For the Month Ending November 30, 2016 CITY OF CHULA VISTA Managed Account Security Transactions & Interest Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method INTEREST 11/26/16 AMERICAN EXP CREDIT CORP NT (CALLABLE) DTD 05/26/2015 2.375% 05/26/2020 0258M0DT3 0.00 17,812.50 17,812.50 1,500,000.00 11/26/16 11/29/16 FREDDIE MAC (EX-CALLABLE) BONDS DTD 05/29/2013 1.000% 05/29/2018 3134G45W4 0.00 15,000.00 15,000.00 3,000,000.00 11/29/16 11/30/16 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 912828A34 0.00 49,843.75 49,843.75 7,975,000.00 11/30/16 11/30/16 US TREASURY NOTES DTD 12/01/2014 1.500% 11/30/2019 912828G61 0.00 22,500.00 22,500.00 3,000,000.00 11/30/16 11/30/16 US TREASURY NOTES DTD 06/02/2014 1.500% 05/31/2019 912828WL0 0.00 63,750.00 63,750.00 8,500,000.00 11/30/16 11/30/16 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 912828UB4 0.00 15,000.00 15,000.00 3,000,000.00 11/30/16 298,613.81 298,613.81 0.00 42,411,000.00 Transaction Type Sub-Total MATURITY 11/29/16 SUMITOMO MITSUI BANK NY CERT DEPOS DTD 08/19/2016 0.900% 11/29/2016 86563YCC5 3,000,000.00 7,650.00 3,007,650.00 2.02 0.00 3,000,000.00 11/29/16 7,650.00 0.00 2.02 3,007,650.00 3,000,000.00 3,000,000.00 Transaction Type Sub-Total (9,257.81) 283,886.76 274,628.95 2.02 0.00 Managed Account Sub-Total Total Security Transactions $2.02 $274,628.95 $283,886.76 ($9,257.81)$0.00 2017-02-28 Agenda Packet Page 27 For the Month Ending December 31, 2016Managed Account Security Transactions & Interest CUSIP CITY OF CHULA VISTA Transaction Type Trade Settle Security Description Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method INTEREST 12/25/16 FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 3136AQDQ0 0.00 1,886.04 1,886.04 1,375,000.00 12/01/16 12/02/16 MONEY MARKET FUND MONEY0002 0.00 416.92 416.92 0.00 12/02/16 12/05/16 BANK OF AMERICA BANK NOTES DTD 06/05/2015 1.750% 06/05/2018 06050TMC3 0.00 7,000.00 7,000.00 800,000.00 12/05/16 12/15/16 NISSAN ABS 2015-C A3 DTD 10/14/2015 1.370% 05/15/2020 65478AAD5 0.00 981.83 981.83 860,000.00 12/15/16 12/15/16 BANK OF AMER CREDIT CARD TR 2015-A2 DTD 04/29/2015 1.360% 09/15/2020 05522RCU0 0.00 1,133.33 1,133.33 1,000,000.00 12/15/16 12/15/16 ALLY ABS 2016-3 A3 DTD 05/31/2016 1.440% 08/15/2020 02007LAC6 0.00 636.00 636.00 530,000.00 12/15/16 12/15/16 CARMX 2016-4 A2 DTD 10/26/2016 1.210% 11/15/2019 14312QAB2 0.00 1,250.33 1,250.33 1,240,000.00 12/15/16 12/18/16 HONDA ABS 2016-1 A3 DTD 02/25/2016 1.220% 12/18/2019 43814NAC9 0.00 762.50 762.50 750,000.00 12/18/16 12/18/16 HAROT 2016-4 A3 DTD 10/25/2016 1.210% 12/18/2020 43814RAC0 0.00 1,159.58 1,159.58 1,150,000.00 12/18/16 12/24/16 CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 166764AE0 0.00 12,885.00 12,885.00 1,500,000.00 12/24/16 12/26/16 FREDDIE MAC (EX-CALLABLE) BONDS DTD 12/26/2012 0.850% 12/26/2017 3134G32L3 0.00 12,750.00 12,750.00 3,000,000.00 12/26/16 12/27/16 FANNIE MAE (CALLABLE) BONDS DTD 12/27/2012 0.900% 12/27/2017 3136G14X4 0.00 13,500.00 13,500.00 3,000,000.00 12/27/16 54,361.53 54,361.53 0.00 15,205,000.00 Transaction Type Sub-Total 0.00 54,361.53 54,361.53 Managed Account Sub-Total Total Security Transactions $54,361.53 $54,361.53 $0.00 2017-02-28 Agenda Packet Page 28