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As of September 30, 2022, all investments in the portfolio are authorized by State of <br /> California Government Section 53600 et. Seq. and the City's investment policy. <br /> SECURITIES RATED BELOW "AA-/Aa3": <br /> Issuer Par Value Maturity Date Rating (S&P/ Moody) <br /> Toyota Motor Credit Corp $1,180,000 1/11/2023 A <br /> Bank Of New York Mellon 2,000,000 1/29/2023 A <br /> Toyota Motor Credit Corp 1,000,000 7/20/2023 A <br /> CitiBank NA 1,000,000 1/23/2024 A <br /> PACCAR Finance Corp 1,330,000 8/15/2024 A <br /> Toyota Motor Credit Corp 1,600,000 10/7/2024 A <br /> 3M Company 2,000,000 2/14/2025 A <br /> Truist Bank 2,000,000 3/10/2025 A <br /> Toyota Motor Credit Corp 3,000,000 1/9/2026 A <br /> Total $15,110,000 <br /> QUARTER INVESTMENT DECISIONS (excluding LAIF and money market funds): <br /> No Purchases <br /> Maturities <br /> Issuer Par Value Maturity Date Coupon (%) Yield (%) <br /> Apple Inc 2,000,000 9/12/2022 2.100 2.64/I <br /> CURRENT INVESTMENT STRATEGY: <br /> The effective rate of return on the portfolio was 1 .24 percent, an increase of 0.05 <br /> percent from 1.19 percent from last quarter and a decrease of 0.08 percent from <br /> 1 .32 percent reported at the same time last year. <br /> During the first quarter of FY 2022/23, staff continued to be conservative on <br /> investment, with no new investment purchase, to ensure liquidation. Per Investment <br /> Status Report enclosed, no investment will be matured in the next quarter. With the <br /> current aggressive rate hikes from the Federal Reserve and no investment <br /> projected to be called in the next quarter, both conditions make City's near-term <br /> cash inflow limited to operating cash receipts. Staff will continue monitoring closely <br /> to ensure that cash is first available to meet all obligations for the next six months, <br />