TITLE
Recommendation to receive and file the Investment Report for Quarter Ending June 30, 2022. (Citywide)
DISCUSSION
The City of Long Beach (City) Treasurer's Office in the Financial Management Department invests the funds in compliance with the California Government Code, Section 53600 et. seq., and the City's Investment Policy. As of June 30, 2022, these funds had a book value of approximately $2.034 billion.
Statutory Compliance
All investment transactions have been executed in conformance with the City of Long Beach's (City) Investment Policy and the California Government Code. The Investment Advisory Committee, composed of the Assistant City Auditor, Deputy City Attorney, City Treasurer, City Controller, and designated representatives from the Harbor and Water Departments, meets quarterly, or as needed, to review investment policies, strategies, and performance. All portfolio transactions as of June 30, 2022, can be found in the Investment Trading Activity (Attachment A).
Investment Strategies
The Investment Policy divides the City's investment portfolio into short-maturity, intermediate-maturity, and long-maturity portfolios. Their respective benchmarks are the Three-Month Treasury Bill Index, the ICE Bank of America Merrill Lynch (BAML) One-to-Three Year US Treasury/Agency, and the ICE Bank of America Merrill Lynch (BAML) One-to-Five Year US Treasury/Agency.
The short-maturity portfolio maintains a weighted average maturity of three to six months and provides sufficient liquidity to satisfy the City's short-term cash needs. The intermediate-maturity portfolio maintains a weighted average maturity of approximately one to three years and provides for the cash needs with maturities greater than six months. The long-maturity portfolio maintains a weighted average maturity of one to five years to satisfy the City's longer-term cash needs.
The City's cash management goals are to maintain and preserve the safety of funds in custody and provide adequate liquidity for anticipated expenditure needs. Approximately $571.5 million of the total investment pool, or approximately 28.58 percent of the funds, will mature in the next six months, ensuring that sufficient funds are available to meet the City's liquidity needs.
Investment Position and Performance
The following table summarizes the City's investment pool position and performance for the quarter ending June 30, 2022:
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)
1) Book value is the initial value/outlay for an investment at the time of purchase (as much as five years ago) and still held in the portfolios, while market value represents the value at a point in time based on current market conditions.
2) Unrealized Gain/(Loss) is the difference between book and market value. It is inversely related to the change in interest rates. As interest rates rise or fall, the value of fixed-income assets moves in the opposite direction. Typically, investments are held to maturity, and therefore, gains/losses are rarely realized.
3) Total return is a performance measurement metric that reflects the portfolio's overall value for this three-month period, if liquidated, including income and realized and unrealized gains and losses.
4) Investment Performance - Portfolio Total Return numbers are calculated as a weighted average.
5) Last 12 months Portfolio Total Return is a performance measurement metric that reflects a rolling 12-month return, which includes income and both realized and unrealized gains/(losses)
6) Interest Earnings is the amount of interest earned from investments over a 3-month period, net of investment-related expenses.
The quarter ending June 30, 2022 continued to experience rising market interest rates after a prolonged period of stable and historically low levels, which caused the investment value to decline on a mark-to-market basis. This resulted in an unrealized loss of approximately $50.1 million from the prior quarter's unrealized loss of approximately $36.0 million, for securities purchased in the last five years and still held. Generally, there will be minimal actual realized loss since most securities are held to maturity. For the three months ended June 30, 2022, the quarterly total return was -0.47 percent, which was 1 basis point (0.01 percent) better than the benchmark. Over the preceding 12 months, the investment portfolio generated an annualized total return of -2.47 percent, which was 54 basis points (0.54 percent) better than the benchmark.
Another view of investment performance considers actual interest earnings, irrespective of changes in market value of the portfolio that are unlikely ever to be realized. As shown in the bottom-right portion of the table above, interest earnings totaled approximately $4.29 million for the quarter ending June 30, 2022. Using average cash balances for each of the three months of the quarter, the actual interest earned yielded an annualized interest earnings rate of 0.83 percent over the full quarter.
Investment portfolio holdings as of June 30, 2022, are included in Attachment B.
This matter was reviewed by Principal Deputy City Attorney Richard F. Anthony and by Revenue Management Officer Geraldine Alejo on August 9, 2022.
TIMING CONSIDERATIONS
City Council action on this item is not time critical.
FISCAL IMPACT
This recommendation has no staffing impact beyond the normal budgeted scope of duties and is consistent with existing City Council priorities. There is no fiscal or local job impact associated with this recommendation.
SUGGESTED ACTION
Approve recommendation.
Respectfully Submitted,
KEVIN RIPER
DIRECTOR OF FINANCIAL MANAGEMENT
APPROVED:
THOMAS B. MODICA
CITY MANAGER