Quarterly Investment Report With Select Fiscal Year 2017 Comparisons

Transcription

1 With Select Fiscal Year 2017 Comparisons October 1, 2017 to FY18 Quarter 2 & YTD Performance Prepared by: Theresa Winther Date: January 2018

2 Year-to-Year Investment Comparison Quarter ended Fiscal Year to Date Total Market FY Total Market FY Short Portfolio 1 $ 192,000 69,494, % $ 257,000 $ 69,494, % Short/Intermediate - Gov 2 (13,000) 81,842, % $ 148,000 $ 81,842, % Short/Intermediate - Corp 2 (39,000) 69,969, % $ 303,000 $ 69,969, % Long Portfolio 3 173,000 5,182, % $ 313,000 $ 5,182, % Totals $ 313, ,487, % $ 1,021, ,487, % City and Borough of Juneau Fiscal Quarter Comparison FY18 vs FY17 Quarter Ended Quarter Ended December 31, 2016 Total Market Period Total Market Period Short Portfolio 1 $ 192,000 69,494, % $ 17,000 57,111, % Short/Intermediate - Gov 2 (13,000) 81,842, % (180,000) 93,354, % Short/Intermediate - Corp 2 (39,000) 69,969, % (54,000) 69,011, % Long Portfolio 3 173,000 5,182, % (18,000) 4,565, % Totals $ 313, ,487, % $ (235,000) 224,041, % 1 Short-term Portfolio has security maturities from 0 to 2 years. Short portfolio subject to cash fluctuation as allowed or needed in operating cash. 2 Short/Intermediate portfolios have maturities from 0 to 5.5 years. Investments include US Government Treasury and Agency securities and corporate bonds. 3 Long Portfolio includes funds from the Jensen-Olson Arboretum and Library Endowment Funds and other City funds not currently needed in the foreseeable future. Investments are in stock and bond indexed mutual funds managed by Vanguard Institutional Investments. FY18 Qtr2 & YTD, Page 2 of 7

3 Investment by Quarter Cumulative 4-Quarter Performance Total Market Rate of Income Value Return Short Portfolio $ 372,000 69,494, % Short/Intermediate - Gov 488,000 81,842, % Short/Intermediate - Corp 958,000 69,969, % Long Portfolio 616,000 5,182, % Totals $ 2,434, ,487, % Quarter Ended Quarter Ended September 30, 2017 Total Market Rate of Total Market Rate of Income Value Return Income Value Return Short Portfolio $ 192,000 69,494, % $ 65,000 54,302, % Short/Intermediate - Gov (13,000) 81,842, % 161,000 81,856, % Short/Intermediate - Corp (39,000) 69,969, % 342,000 70,008, % Long Portfolio 173,000 5,182, % 140,000 5,009, % Totals $ 313, ,487, % $ 708, ,175, % Quarter Ended June 30, 2017 Quarter Ended March 31, 2017 Total Market Rate of Total Market Rate of Income Value Return Income Value Return Short Portfolio $ 55,000 30,226, % 60,000 42,171, % Short/Intermediate - Gov 157,000 81,695, % 183,000 93,538, % Short/Intermediate - Corp 328,000 69,666, % 327,000 69,338, % Long Portfolio 131,000 4,869, % 172,000 4,738, % Totals $ 671, ,456, % $ 742, ,785, % FY18 Qtr2 & YTD, Page 3 of 7

4 Investments by Type Short/ Short/ Intermediate Intermediate Long % of Short US Gov Corp Portfolio Totals Portfolio Agencies $ - 2,012, ,012, % U.S. Treasuries - 78,669, ,669, % Foreign Issues - - 1,692,000-1,692, % Corporate ,742,000-65,742, % Asset Backed , , % Mutual Funds 5,182,000 5,182, % Cash and Equivalents 69,494,000 1,161,000 1,923,000-72,578, % Totals $ 69,494,000 81,842,000 69,969,000 5,182, ,487, % Rate of Return - Qtr % % % 3.553% 0.168% Benchmark ROR 0.150% % % 3.620% FY18 Qtr2 & YTD, Page 4 of 7

5 CBJ Investment Assets by Type as of Total Value $226,487,000 Cash & Equivalents 32.0% U.S. Treasuries 34.7% Mutual Funds 2.3% Asset Backed 0.3% Foreign Issues 0.7% Domestic Corp 29.0% Agencies 0.9% CBJ Investment Assets by Type as of December 31, 2016 Total Value $224,041,000 Cash & Equivalents 25.8% Mutual Funds 2.0% U.S. Treasuries 40.7% Asset Backed 0.4% Foreign Issues 1.8% Domestic Corp 28.4% Agencies 0.9% FY18 Qtr2 & YTD, Page 5 of 7

6 Benchmark Comparisons Short Portfolio Performance 0.70% 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% 0.00% Quarter Ended June 30, 2015 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Benchmark Vanguard TreasMM (VUSXX) CBJ Short Portfolio 1-3 Year Gov Index vs CBJ Short Intermediate Portfolio - Gov 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% -0.20% -0.40% -0.60% Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Benchmark 1-3 Gov Index CBJ Short/Intermediate Portfolio - Gov 1-3 Year Corp Index vs CBJ Short Intermediate Portfolio - Corp 1.40% 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% -0.20% -0.40% Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Benchmark1-3 Corp Index CBJ Short/Intermediate Portfolio - Corp FY18 Qtr2 & YTD, Page 6 of 7

7 Long Portfolio Fiscal Year & Quarter Comparison FY18 vs FY17 Fiscal Year to Date Fiscal Year to Date December 31, 2016 Total Market Period Total Market Period Total Bond Index Fund $ 26,000 2,305, % $ (63,000) 2,225, % S&P 500 Index Fund 216,000 2,109, % 125,000 1,732, % Developed Mkts Index Fund 71, , % 28, , % Totals $ 313,000 5,182, % $ 90,000 4,565, % Quarter Ended Quarter Ended December 31, 2016 Total Market Period Total Market Period Total Bond Index Fund $ 9,000 2,305, % $ (73,000) 2,225, % S&P 500 Index Fund 131,000 2,109, % 64,000 1,732, % Developed Mkts Index Fund 33, , % (9,000) 608, % Totals $ 173,000 5,182, % $ (18,000) 4,565, % Long Portfolio Allocation DevMkts Index 15% DevMkts Index 13% Bond Index 46% Bond Index 49% S&P 500 Index 41% S&P 500 Index 38% December 31, 2016 FY18 Qtr2 & YTD, Page 7 of 7