METRO INVESTMENT REPORT ALL FUNDS

Transcription

1 METRO INVESTMENT REPORT ALL FUNDS November 2018

2 Investment Report For month ended November 30, 2018 Portfolio Summary Management Report The following is a summary of METRO's Investment Portfolios: Fund: General Construction Real Estate General Moblllt~ Prior Month End Book Value $256,513,092 $38,515,491 $492,054 $106,857,202 Current Month End Book Value 250,185,303 45,354, , ,574,951 Change ($6,327,789) $6,839,475 $895 $13,717,749 Prior Month End Market Value* $255,754,222 $38,515,491 $492,054 $106,857,202 Current Month End Market Value* 249,565,729 45,354, , ,574,951 Change ($6,188,493) $6,839,475 $895 $13,717,749 Interest Receivable $3,060,128 $0 $0 $0 Weighted Average Days Outstanding Weighted Average Years Outstanding Recognized Yield 2.97% 2.22% 2.21% 2.41% Benchmark Yield 2.58% 2.18% 2.11% 2.11% Yield Over I <Under> Benchmark 0.39% 0.04% 0.10% 0.30% TexStar Wtd Avg. Days Outstanding (as of 11 /30/18) ** N/A N/A TexDaily Wtd Avg. Days Outstanding (as of 10/31/18) ** 38 N/A LOGIC Wtd Avg. Days Outstanding(as of 11/30/18)** N/A NIA N/A 46 All Funds are managed in full compliance with the Public Funds Investment Act, the Investment Policy and Strategy of the Metropolitan Transit Authority of Harris County and u er the safety parameters set by the Board of Directors. * Change in Market Value is presented in accordance with the Public Funds Investment Act and primarily reflects receipts, expenditures, securities purchases and maturities and changes in the marketability of securities held at the end of the period. ** This weighted average maturity calculation uses the SEC Rule 2a-7 definition for stated maturity for any floating rate instrument held in the portfolio to determine the weighted average maturity for the pool. This Rule specifies that a variable rate instrument to be paid in 397 calendar days or less shall be deemed to have a maturity equal to the period remaining until the next readjustment of the interest rate.

3 Monthly Changes in Position No. Description General Fund Wells Fargo Master Account Wells Fargo HOT Lanes Account Wells Fargo Mobile Ticketing Wells Fario METROLitt Online Account TexStar Investment Poo l T exoaily Investment Pool Wells Fargo Institutional Sweep Coupon Rating AAAm AAAm Maturity Date Purch Date Pa, Cost Price Book Value Market Value YTM Type 10/31/ /31/2018 DOA 2.218% LGIP 2.210% LGIP 0.850% DSA 4,774,355 6, ,380 8,927,570 12,064,012 1,279,811 4,774,355 6, ,380 8,927,570 12,064,012 1,279,811 EWBC021 East West Bank CO EGM69 / Federal Farm Credit Banks EWBC022 East West Bank CO AAM88 / Federal Home Loan Bank AAV62 / Federal Home Loan Bank EHQF3 / Federal Farm Credit Banks EADZ9 / Freddie Mac GOJ53 / Fannie Mae AB025 / Federal Home Loan Bank EHJG9 / Federal Farm Credit Banks X72S2 / Federal Home Loan Bank EHZF3 f Federal Farm Credit Banks FC2 / World Bank EAEB1 f Freddie Mac EGFU4 / Federal Farm Credit Banks EAEB1 I Freddie Mac GON33/Fannie Mae A8Y72 / Federal Home Loan Bank F62 / US Treasury Note F01 / World Bank EJAK5 / Federal Farm Credit Banks F62 / US Treasury Note GOZY2 / Fannie Mae FS7 / World Bank AOJR2 / Federal Home Loan Bank AOJR2 / Federal Home Loan Bank AA3R7 / Federal Home Loan Bank EAEE5 I Freddie Mac EAEE5 / Freddie Mac AON32 / Federal Home Loan Bank ADMS8 / Federal Home Loan Bank J84 / US Treasury Note W63 / US Treasury Note EAEM7 I Freddie Mac EAEM7 / Freddie Mac XES / US Treasury Note XE5 / US Treasury Note XY1 I US Treasury Note HU8 / Federal Home Loan Bank l32 / US Treasu!Y_ Note VP2 / US Treasury Note GBXV9 / Freddie Mac W9 / US Treasury Note EWBC023 East West Bank CO 1.100% Coll= Aaa 1.100% AA+/Aaa 1.SOO A, Coll = Aaa 1.625% AA+/Aaa 1.270% AA+ Aaa 1.350% AA+/Aaa 1.125% AA+/Aaa 1.000% AA+/Aaa 1.360% AA+/Aaa 1.400% AA+ Aaa 5.375% AA+/Aaa 1.250% AA+/Aaa 1.210% AA+/Aaa 1.200% AA+/Aaa 2.010% AA+/Aaa 1.500% AA+/ Aaa 1.750% AA+/Aaa 1.125% AA+/Aaa 2.375% AA+LAaa 2.375% AA+/Aaa 2.125% AA+LAaa 2.150% AA+/Aaa 1.625% AA+/Aaa 2.500% AA+/Aaa 2.500% AA+LAaa 2.500% AA+/Aaa 1.750% AA+/Aaa 1.375% AA+{Aaa 2.000% AA+/Aaa 1.850% AA+/Aaa 2.125% AA+/Aaa 2.900% Coll= Aaa 11/21/ /5/2018 3/14/2019 1/18/2019 2/27/2019 1/7/2019 4/1S/2019 2/26/2019 3/29/2019 5/15/2019 5/15/2019 6/19/2019 4/26/2019 7/19/2019 6/20/2019 7/19/2019 8/2/2019 8/5/ /31/2019 9/30/2019 9/25/ /31/ /26/ /27/ /13/ /13/ /15/2019 1/17/2020 1/17/2020 2/11/2020 2/14/2020 3/31/2020 3/15/2020 4/23/2020 4l2_'H2020 5/31/2020 5/31/2020 6/30/2020 6/12/2020 8/31/2020 7/31/2020 7/13/2020 8/31/ /21/ /21/2016 1/23/2017 3/14/2017 7/18/2017 7/31/2017 7/31/2017 8/16/2017 8/16/2017 9/18/2017 9/28/2017 9/29/ /22/ /20/2017 1/3/2018 2/13/2018 2ll?.f2010 2/13/2018 2/16/2018 3/21/2018 5/17/2018 5/16/2018 5/16/2018 7/23/2018 8/6/2018 8/6/2018 8[~_l2018 8/ /15/2018 8/16/2018 8/27/ /3/ /21/2018 6,000,000 6~,000 4,000,000 4,710,000 5!000,_000 9,966,134 5,010,000 4,993,700 5,000,950 4,982,920 4,973,500 4,997,450 4,993,555 5,312,400 4,972,000 4,962,150 4,928,750 4,955.!.150 4,924,586 4,920,600 5,901,307 4,950,586 5!910,_696 4,993,750 3,954,531 4,953,600 4,889,850 4,987,950 4,698,790 4,926,450 4,923,820 4,923,950 4,963,474 4,964,900 4,904,480 4,926,172 4,991,750 4~!,S00 4,902,539 4,905,273 4,989,844 4,913,700 4,866,016 4,926,758 4,916,500 4,934, S S % CD 1.284% A 1.510% CD 1.490% A 1.351% A 1.336% A 1.333% A 1.352% A 1.394% A 1.480% A 1.475% A 1.736% A 1.788% A 1.749% A 1.788% A 1.802% A 1.877% A 1.931% A 2.091% T 2.133% A 2.089% A 2.184% T 2.316% A 2.606% A 2.531% A 2.529% A 2.522% A 2.579% A 2.577% A 2.620% A 2.630% A 2.580% A 2.580% A 2.599% A 2.602% A 2.620% A 2.590% A 2.613% A 2.801% A 2.854% T 2.844% 2.839% A 2.851% T 2.900% co 9,998,307 5,001,423 4,998,707 5,000,121 4,995,350 4,994,444 4,999,321 4,997.!.881 5,102,902 4,988,780 4,987,189 4,969,329 4!~.!.982 4,967,483 4,963,064 5,952,702 4,971,175 5,949,851 4,996,514 3,973,348 4,970,528 4,922,816 4,991,471 4,702,065 4,941,805 4,936,228 4,936,337 4,969,154 4,969,896 4,917,023 4,936,135 4,992,793 4,992,575 4,914,014 4,916,298 4,990,826 4,917,616 4~~-_954 4,928,440 4,918,472 4,935,623 Did Not Own Matured/Called 9,999,801 5,000,876 4,999,036 5,000,067 4,996,195 4,995,868 4,999,459 4,9~~.207 5,087,071 4,990,244 4,989,373 4,972,868 4,984,322 4,971,235 4,967,108 5,957,825 4,973,551 5,954,369 4,996,832 3,975,545 4,972,795 4,928,738 4,992,099 4,702,650 4,946,411 4,940,556 4,940,658 4~?1~136 4,971,818 4,921,847 4,939,967 4,993,194 4,_~9_2~988 4,918,485 4,920,650 4,991,280 4,921,812 4,874,830 4,931,805 4,922,417 4,938,510 9,989,300 4,992,000 4,981,600 4,991,600 4,968,000 4,977,000 4,977,700 4,970,800 5,075,600 4,963,150 4,966,950 4,938,100 4.!.9~7,800 4,938,100 4,933,500 5,918,220 4,939,650 5,910,600 4,968,950 3,951,720 4,947,700 4,908,850 4,977,000 4,688,334 4,929,200 4,923,850 4,923,850 4,956,350 4,956,100 4,900,200 4,920,700 4,896,500 4,896,500 4,970,900 4,910,850 4.!.86~,800 4,926,150 4,911,200 4,932,800 Did Not Own Matured/called 9,999,300 4,995,050 4,986,750 4,995,350 4,975,250 4,983,950 4,982,900 4,975,050 5,061,500 4,967,300 4,945,400 4,962,150 4,945,400 4,940,800 5,928,660 4,944,750 5,919,660 4,971,900 3,955,800 4,950,950 4,917,650 4,977,500 4,688,805 4,934,750 4,930,700 4,930,700 4,960,500 4,959,100 4,907,400 4,926,350 4,979,850 4,97_9.!_8S0 4,904,100 4,904,100 4,975,800 4,917,850 4,877,150 4,933,800 4,917,700 4,940,450 Total General Fund 256,_511, ,_1_1!_5_, ,754, ,565,729 Notes: AAA is the highest long-term rating. A-1+ is the highest short term rating. : Demand Deposit Account LGIP: local Government Investment Pool DSA: FDIC-insured Sweep Account TPF: Trust Payment Fund (Cash) MB: Municipal Bond MCP: Municipal Commercial Paper CD: Certificate or Deposit A: U. S. Agency & Instrumentality Bond MMA: Money Market Account T: U. S. Treasuries : Implicit backing of the Federal Government

4 Monthly Changes in Position Maturity Purch No. Description Coupon Rating Date Date Pa, Cost Price YT M Type Construction Fund Sales & Use Tax Bonds DSR (TexStar) AAAm 21,534,122 21,534, % LGIP Contractual Obligations DSR (TexStar) AAAm 4,690,313 4,690, % LGIP Interest & Sinking Fund (2009 & 2010) (TexStar) AAAm 502, , % LGIP Interest & Sinking Fund 2011A (TexStar) AAAm 1,356,745 1,356, % LGIP Interest & Sinking Fund (TexStar) AAAm 36,044 36, % LGIP Interest & Sinking Fund 2014 (TexStar) AAAm 4,369,406 4,369, % LGIP Interest & Sinking Fund 2015A (TexStar) AAAm 6,583,190 6,583, % LGIP Interest & Sinking Fund 2015B (TexStar) AAAm 586, , % LGIP Interest & Sinking Fund 2016A (TexStar) AAAm 526, , % LGIP Interest & Sinking Fund (TexStar) AAAm 104, , % LGIP Interest & Sinking Fund 2016C (TexStar) AAAm 3,869,052 3,869, % LG1P Interest & Sinking Fund (TexStar) AAAm 562, , % LGIP Interest & Sinking Fund 2017A (TexStar) AAAm 125, , % LGIP Interest & Sinking Fund (TexStar) AAAm 421, , % LGIP lnlerest & Sinki~ Fund 2017C (TexStar} AAAm 86,918 86, % LGIP Total Construction Fund General Mobility Fund TexDaily Investment Pool GMP AAAm 2.21% LGIP LOGIC Investment Pool GMP Escrow AAAm 120,574, ,574, % LGIP Total General Mobili.!X, Fund Real Estate Fund TexDaily Investment Poot Real Estate AAAm 492, , % LGIP Total Real Estate Fund Grand Total All Funds Book Value Market Value 10/31/ /31/ ,494,944 21,534,122 21,494,944 21,534,122 4,681,779 4,690,313 4,681,779 4,690,313 82, ,371 82, ,371 24,851 1,356,745 24,851 1,356, , ,044 4,361,457 4,369,406 4,361,457 4,369,406 4,936,992 6,583,190 4,936,992 6,583,190 9, ,915 9, ,915 5, ,728 5, ,728 1, ,134 1, ,134 2,901,554 3,869,052 2,901,554 3,869,052 8, ,690 8, ,690 1, ,147 1, ,147 4, ,191 4, ,191 1,270 86,918 1,270 86,918 38,515,491 45,354,966 38,515,491 45,354, ,857, ,574, ,857, ,574, ,857, ,574, ,857, ,574, , , , , , , , , ,377, ,608, ,618, ,988,595 Notes: AAA is the highest long-term rating. A-1+ is the highest short term rating. DOA Demand Deposit Account LGIP: Local Government Investment Pool DSA: FDIC-insured Sweep Account TPF: Trust Payment Fund (Cash) MB: Municipal Bond MCP: Municipal Commercial Paper CD: Certificate of Deposit A: U. S. Agency & Instrumentality Bond MMA: Money Market Account T: U. S. Treasuries NN: Implicit backing of the Federal Government

5 Texas General Mobility Escrow Activity Summary FY2018 Year to Date Escrow Disbursements Interest to Interest Earned Escrow Description Funding from Escrow General Fund on Escrow Funds Balance Nov-18 Escrow Balance Forward $ 192,845, $ (161,413,272.03) $ (2,044,280.13) $ 1,380, $ 106,857, Nov-18 Net Sales Tax Received [((Net Sales Tax X 25%) - FY2014 Nov GMP) / 2] + FY2014 Nov GMP ((($64,425, X 25%) - $16,170,479.64) / 2] + $16,170, ,138, ,995, Nov-18 City of Katy, Humble & Missouri City Monthly Congestion Mitigation and Traffic Management (1,443,452.00) 121,552, Nov-18 City of Bellaire, Hedwig Village, Hunters Creek, Southside Place, Spring Valley & West University Place Monthly Congestion Mitigation and Traffic Management (342,278.39) 121,209, Nov-18 City of Piney Point, Bunker Hill, El Lago, Hilshire Village, Taylor Lake Village Monthly Congestion Mitigation and Traffic Management (635,000.00) 120,574, Nov-18 Interest Activity (233,785.77) 233, ,574, Nov-18 Escrow - Fiscal Year to Date $ 208,983, $ (163,834,002.42) $ (2,278,065.90) $ 1,614, $ 120,574,950.59