b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM NOTES TO FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023NOTE 7CASH, TEMPORARY INVESTMENTS, AND OTHER INVESTMENTS (Continued)Credit Risk (Continued)As of June 30, 2024, the quality ratings of the Systems fixed income investments in U.S. Government obligations and domestic corporate and foreign bonds are as follows: Quality Rating Fair Value PercentageAAA $2,514,682,015 42.95%AA 111,169,612 1.90%A 646,708,580 11.05%BBB 778,198,184 13.29%BB 537,706,600 9.17%B 600,701,479 10.26%CCC 95,630,693 1.63%CC 5,077,356 0.09%C 76,440 0.00%Not Rated 565,119,337 9.65%Subtotal 5,855,070,296 100.00%U.S. Government Issued or Guaranteed Securities 981,074,648Total Fixed Income Investments $6,836,144,944 As of June 30, 2023, the quality ratings of the Systems fixed income investments in U.S. Government obligations and domestic corporate and foreign bonds are as follows:Quality Rating Fair Value PercentageAAA $2,500,754,064 46.41%AA 91,149,151 1.69%A 598,715,566 11.11%BBB 769,624,286 14.28%BB 442,739,685 8.21%B 430,787,218 8.00%CCC 67,137,206 1.25%CC 490,474 0.01%C 562,097 0.01%Not Rated 486,167,679 9.02%Subtotal 5,388,127,426 100.00%U.S. Government Issued or Guaranteed Securities 741,863,780Total Fixed Income Investments $6,129,991,20640 SECTION 2 Financials 57'