Ethel Hart Mutual Endowment Fund Quarterly Investment Report September 30, 2016 Q1 FY2017. Office of the City Treasurer - City of Sacramento

Transcription

1 Quarterly Investment Report September 30, 2016 Q1 FY2017 Office of the City Treasurer - City of Sacramento John Colville, Interim City Treasurer Q1 FY2017

2 INTRODUCTION In 1993, Ethel MacLeod Hart left a bequest of $1,498, to the City of Sacramento for the.. use, enjoyment and comfort of senior citizens. On the recommendation of the Ethel MacLeod Hart Advisory Committee a permanent endowment of $1,000,000 was established. The balance of the bequest was retained in an operating fund account (Hart Operating Fund) and used over the next fiveyear period for appropriate projects. Annually the amount available for disbursement will be reported to the Board by Rosanne Bernardy, Superintendent of the Office of Human Services. The Hart Trust Endowment Fund ( the Fund ) will be invested with a growth objective. The minimum return objective on these dollars over a five year period is $400,000 or roughly 7% compounded annually. The Advisory Committee is responsible for providing advice to City staff and the City Council on the appropriate use of the Ethel MacLeod Hart Trust Fund for Senior Citizens consistent with the terms of the bequest, the interest of the donor, and the approved general guidelines. The Advisory Committee consists of seven members appointed by the Mayor. Appointees must be residents of the City and at least sixty (60) years of age. Two Advisory Committee members must be representatives of specific organizations: American Association of Retired Persons and Sacramento County Adult and Aging Commission. STRATEGY * Adhere to prudent investment practices to provide for the preservation and growth of principal; and OBJECTIVES * The objective for this fund is growth and capital preservation; and * To earn a total rate of return on the Hart Trust Endowment Fund to meet the return objectives of $400,000 (approximately 7% compounded annually) over subsequent five-year periods; and * Provide liquidity for the Hart Operating Fund for the..use, enjoyment and comfort of senior citizens based on recommendations to City Council by the Advisory Committee. Page 2 of 8

3 September 30, 2016 Performance Quarter To Date Inception To Date Account SBBIG S&P U.S. Treasury Yield Curve - Fiscal Year Capital Market Returns - Quarter Ended Sep 30, 2016 Page 3 of 8

4 September 30, 2016 Activity From to Portfolio Value on ,188,539 Contributions 0 Withdrawals -300,000 Realized Gains 0 Unrealized Gains 15,294 Interest 159 Dividends 34,835 Portfolio Value on ,938,826 Actual Asset Allocation Cash and Equivalents 3.73% Equities 96.27% Top 10 Holdings Securities Market Value Pct. Ishares US Technology ETF 238, Select Sector Spdr Tr Sbi Int-Finl 96, Select Sector Spdr Tr Sbi Cons Discr 80, Altria Group Inc 69, Pool A Cash 69, Merck & Co Inc (new) 68, General Electric Co 59, Johnson & Johnson 59, Mcdonald's Corp 57, Microsoft Corp 57, Page 4 of 8

5 PORTFOLIO APPRAISAL September 30, 2016 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date CASH AND EQUIVALENTS divacc Dividend Accrual 2,893 2,893 2, PoolA Pool A Cash 69,254 69,254 69, intreceiv Pool A Interest Receivable ,306 72,306 72, COMMON STOCK MATERIALS 320 mon Monsanto C0 New Com , ,704 32, A INDUSTRIALS 325 ba Boeing Co Com , ,815 42, A- 350 cat Caterpillar Inc Del Com , ,069 31, A- 300 de Deere & Co Com , ,605 25, A- 2,000 ge General Electric Co , ,240 59, B+ 250 iyt Ishares Tr Transp Ave Idx , ,310 36, , , , TELECOMMUNICATION SERVICES 1,100 t At&t Inc , ,671 44, B+ 1,000 vz Verizon Communications Inc , ,980 51, B 80,312 96,651 96, CONSUMER DISCRETIONARY 600 dis Disney (Walt) Com , ,716 55, A+ 400 hd Home Depot Inc , ,472 51, A 500 mcd Mcdonald's Corp , ,680 57, A 1,000 xly Select Sector Spdr Tr Sbi Cons , ,040 80, Discr 113, , , CONSUMER STAPLES 1,100 mo Altria Group Inc , ,553 69, A- 800 ko Coca Cola Co Com , ,856 33, A 550 pm Philip Morris Intl Inc Com , ,471 53, , , , ENERGY 300 cvx Chevron Corporation , ,876 30, B+ 1,335 kmi Kinder Morgan Inc Del Com , ,879 30, B 525 xle Select Sector Spdr Tr Sbi , ,070 37, Int-Energy 650 oih Vaneck Vectors Etf Tr Oil Svcs , ,032 19, Etf 150, , , Page 5 of 8

6 PORTFOLIO APPRAISAL September 30, 2016 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date FINANCIAL 750 jpm Jpmorgan Chase & Co , ,942 49, B+ 5,000 xlf Select Sector Spdr Tr Sbi Int-Finl , ,500 96, kie Spdr S&p Insurance Etf , ,640 29, usb U. S. Bancorp , ,312 34, B+ 750 wfc Wells Fargo & Company , ,210 33, A- 164, , , HEALTHCARE 250 iyh Ishares US Healthcare ETF , ,552 37, jnj Johnson & Johnson , ,065 59, A 1,100 mrk Merck & Co Inc (new) , ,651 68, B 1,200 pfe Pfizer Inc , ,644 40, B+ 131, , , INFORMATION TECHNOLOGY 420 aapl Apple Inc , ,481 47, B+ 300 ibm International Bus Mach , ,655 47, A+ 2,000 iyw Ishares US Technology ETF , , , ,000 msft Microsoft Corp , ,600 57, A- 188, , , REAL ESTATE INVESTMENT TRUSTS 695 xlre Select Sector Spdr Tr Rl Est Sel Sec , ,775 22, UTILITIES 400 d Dominion Res Va New Com , ,708 29, B 600 pnw Pinnacle West Cap Corp , ,594 45, B+ 1,000 xlu Select Sector Spdr Tr Sbi Int-Utils , ,990 48, , , , ,213,946 1,831,360 1,831, AMERICAN DEPOSITORY RECEIPTS ENERGY 1,000 bp BP Plc Sponsored Adr , ,160 35, ,250 35,160 35, TOTAL PORTFOLIO 1,328,502 1,938, ,938, Page 6 of 8

7 PURCHASE/SALE AND GAIN/LOSS From To Trade Settle Unit Date Date Quantity Security Price Amount Price Difference Purchases COMMON STOCK Select Sector Spdr Tr Rl Est Sel Sec , ,256 Total Purchases 22,256 Page 7 of 8

8 PURCHASE/SALE AND GAIN/LOSS From To Trade Settle Unit Original Date Date Quantity Security Price Amount Price Gain/Loss Sales COMMON STOCK Select Sector Spdr Tr Rl Est Sel Sec Total Sales 24 0 Page 8 of 8

9 Quarterly Investment Report December 31, 2016 Q2 FY2017 Office of the City Treasurer - City of Sacramento John Colville, Interim City Treasurer Q2 FY2017

10 INTRODUCTION In 1993, Ethel MacLeod Hart left a bequest of $1,498, to the City of Sacramento for the.. use, enjoyment and comfort of senior citizens. On the recommendation of the Ethel MacLeod Hart Advisory Committee a permanent endowment of $1,000,000 was established. The balance of the bequest was retained in an operating fund account (Hart Operating Fund) and used over the next fiveyear period for appropriate projects. Annually the amount available for disbursement will be reported to the Board by Rosanne Bernardy, Superintendent of the Office of Human Services. The Hart Trust Endowment Fund ( the Fund ) will be invested with a growth objective. The minimum return objective on these dollars over a five year period is $400,000 or roughly 7% compounded annually. The Advisory Committee is responsible for providing advice to City staff and the City Council on the appropriate use of the Ethel MacLeod Hart Trust Fund for Senior Citizens consistent with the terms of the bequest, the interest of the donor, and the approved general guidelines. The Advisory Committee consists of seven members appointed by the Mayor. Appointees must be residents of the City and at least sixty (60) years of age. Two Advisory Committee members must be representatives of specific organizations: American Association of Retired Persons and Sacramento County Adult and Aging Commission. STRATEGY * Adhere to prudent investment practices to provide for the preservation and growth of principal; and OBJECTIVES * The objective for this fund is growth and capital preservation; and * To earn a total rate of return on the Hart Trust Endowment Fund to meet the return objectives of $400,000 (approximately 7% compounded annually) over subsequent five-year periods; and * Provide liquidity for the Hart Operating Fund for the..use, enjoyment and comfort of senior citizens based on recommendations to City Council by the Advisory Committee. Page 2 of 8

11 December 31, 2016 Performance Quarter Inception Since To Date To Date Account SBBIG S&P U.S. Treasury Yield Curve - Fiscal Year Capital Market Returns - Quarter Ended Dec 31, 2016 Page 3 of 8

12 Activity From to Portfolio Value on ,938,826 Contributions 0 Withdrawals 0 Realized Gains -1,183 Unrealized Gains 110,065 Interest 82 Dividends 13,951 Portfolio Value on ,061,742 City of Sacramento December 31, 2016 Actual Asset Allocation Cash and Equivalents 1.10% Equities 98.90% Top 10 Holdings Securities Market Value Pct. Ishares US Technology ETF 240, Select Sector Spdr Tr Sbi Int-Finl 151, Altria Group Inc 74, Merck & Co Inc (new) 64, Jpmorgan Chase & Co 64, General Electric Co 63, Disney (Walt) Com 62, Microsoft Corp 62, Mcdonald's Corp 60, Johnson & Johnson 57, Page 4 of 8

13 PORTFOLIO APPRAISAL December 31, 2016 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date CASH AND EQUIVALENTS divacc Dividend Accrual 3,112 3,112 3, PoolA Pool A Cash 19,235 19,235 19, intreceiv Pool A Interest Receivable ,588 22,588 22, COMMON STOCK MATERIALS 320 mon Monsanto C0 New Com , ,667 33, A- INDUSTRIALS 325 ba Boeing Co Com , ,596 50, A- 300 de Deere & Co Com , ,912 30, B+ 2,000 ge General Electric Co , ,200 63, B+ 300 hon Honeywell , ,755 34, A 250 iyt Ishares Tr Transp Ave Idx , ,710 40, , , , TELECOMMUNICATION SERVICES 1,100 t At&t Inc , ,783 46, B+ 1,000 vz Verizon Communications Inc , ,380 53, B 80, , , CONSUMER DISCRETIONARY 600 dis Disney (Walt) Com , ,532 62, A+ 400 hd Home Depot Inc , ,632 53, A 500 mcd Mcdonald's Corp , ,860 60, A 600 xly Select Sector Spdr Tr Sbi Cons , ,840 48, Discr 600 wsm Williams Sonoma Inc Com , ,034 29, A- 129, , , CONSUMER STAPLES 1,100 mo Altria Group Inc , ,382 74, A- 800 ko Coca Cola Co Com , ,168 33, A 550 pm Philip Morris Intl Inc Com , ,319 50, , , , ENERGY 300 cvx Chevron Corporation , ,310 35, B+ 230 xom Exxon Mobil Corporation , ,760 20, A- 1,335 kmi Kinder Morgan Inc Del Com , ,648 27, B 525 xle Select Sector Spdr Tr Sbi , ,543 39, Int-Energy 145, , , Page 5 of 8

14 PORTFOLIO APPRAISAL December 31, 2016 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date FINANCIAL 100 blk Blackrock Inc Com , ,054 38, A 750 jpm Jpmorgan Chase & Co , ,717 64, B+ 700 met Metlife Inc Com , ,723 37, B 6,500 xlf Select Sector Spdr Tr Sbi Int-Finl , , , kie Spdr S&p Insurance Etf , ,180 33, usb U. S. Bancorp , ,096 41, B+ 229, , , HEALTHCARE 250 iyh Ishares US Healthcare ETF , ,032 36, jnj Johnson & Johnson , ,605 57, A 1,100 mrk Merck & Co Inc (new) , ,757 64, B 1,200 pfe Pfizer Inc , ,976 38, B+ 131, , , INFORMATION TECHNOLOGY 420 aapl Apple Inc , ,644 48, B+ 300 ibm International Bus Mach , ,797 49, A+ 2,000 iyw Ishares US Technology ETF , , , ,000 msft Microsoft Corp , ,140 62, A- 188, , , REAL ESTATE INVESTMENT TRUSTS 695 xlre Select Sector Spdr Tr Rl Est Sel Sec , ,371 21, UTILITIES 400 d Dominion Res Va New Com , ,636 30, B 600 pnw Pinnacle West Cap Corp , ,818 46, B+ 1,000 xlu Select Sector Spdr Tr Sbi , ,570 48, Int-Utils 85, , , ,299,814 2,001,774 2,001, AMERICAN DEPOSITORY RECEIPTS ENERGY 1,000 bp BP Plc Sponsored Adr , ,380 37, ,250 37,380 37, TOTAL PORTFOLIO 1,364,652 2,061, ,061, Page 6 of 8

15 PURCHASE/SALE AND GAIN/LOSS From To Trade Settle Unit Date Date Quantity Security Price Amount Price Difference Purchases COMMON STOCK Blackrock Inc Com , Exxon Mobil Corporation , Honeywell , Metlife Inc Com , ,500 Select Sector Spdr Tr Sbi Int-Finl , Williams Sonoma Inc Com , ,897 Total Purchases 177,897 Page 7 of 8

16 PURCHASE/SALE AND GAIN/LOSS From To Trade Settle Unit Original Date Date Quantity Security Price Amount Price Gain/Loss Sales COMMON STOCK Caterpillar Inc Del Com , , Select Sector Spdr Tr Sbi Cons Discr , , Vaneck Vectors Etf Tr Oil Svcs Etf , , Wells Fargo & Company , , ,145 22,117 Total Sales 114,145 22,117 Page 8 of 8

17 Quarterly Investment Report March 31, 2017 Q3 FY2017 Office of the City Treasurer - City of Sacramento John Colville, City Treasurer Q3 FY2017

18 INTRODUCTION In 1993, Ethel MacLeod Hart left a bequest of $1,498, to the City of Sacramento for the.. use, enjoyment and comfort of senior citizens. On the recommendation of the Ethel MacLeod Hart Advisory Committee a permanent endowment of $1,000,000 was established. The balance of the bequest was retained in an operating fund account (Hart Operating Fund) and used over the next fiveyear period for appropriate projects. Annually the amount available for disbursement will be reported to the Board by Rosanne Bernardy, Superintendent of the Office of Human Services. The Hart Trust Endowment Fund ( the Fund ) will be invested with a growth objective. The minimum return objective on these dollars over a five year period is $400,000 or roughly 7% compounded annually. The Advisory Committee is responsible for providing advice to City staff and the City Council on the appropriate use of the Ethel MacLeod Hart Trust Fund for Senior Citizens consistent with the terms of the bequest, the interest of the donor, and the approved general guidelines. The Advisory Committee consists of seven members appointed by the Mayor. Appointees must be residents of the City and at least sixty (60) years of age. Two Advisory Committee members must be representatives of specific organizations: American Association of Retired Persons and Sacramento County Adult and Aging Commission. STRATEGY * Adhere to prudent investment practices to provide for the preservation and growth of principal; and OBJECTIVES * The objective for this fund is growth and capital preservation; and * To earn a total rate of return on the Hart Trust Endowment Fund to meet the return objectives of $400,000 (approximately 7% compounded annually) over subsequent five-year periods; and * Provide liquidity for the Hart Operating Fund for the..use, enjoyment and comfort of senior citizens based on recommendations to City Council by the Advisory Committee. Page 2 of 7

19 March 31, 2017 Performance Quarter Inception Since To Date To Date Account SBBIG S&P U.S. Treasury Yield Curve - Fiscal Year Capital Market Returns - Quarter Ended Mar 31, 2017 Page 3 of 7

20 March 31, 2017 Activity From to Portfolio Value on ,061,742 Contributions 0 Withdrawals 0 Realized Gains 0 Unrealized Gains 108,436 Interest 90 Dividends 13,122 Portfolio Value on ,183,390 Actual Asset Allocation Cash and Equivalents 1.64% Equities 98.36% Top 10 Holdings Securities Market Value Pct. Ishares US Technology ETF 270, Select Sector Spdr Tr Sbi Int-Finl 154, Altria Group Inc 78, Merck & Co Inc (new) 69, Disney (Walt) Com 68, Jpmorgan Chase & Co 65, Microsoft Corp 65, Mcdonald's Corp 64, Johnson & Johnson 62, Philip Morris Intl Inc Com 62, Page 4 of 7

21 PORTFOLIO APPRAISAL March 31, 2017 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date CASH AND EQUIVALENTS divacc Dividend Accrual 2,940 2,940 2, PoolA Pool A Cash 32,544 32,544 32, intreceiv Pool A Interest Receivable ,800 35,800 35, COMMON STOCK MATERIALS 320 mon Monsanto C0 New Com , ,224 36, A- INDUSTRIALS 325 ba Boeing Co Com , ,479 57, A 300 de Deere & Co Com , ,658 32, B+ 2,000 ge General Electric Co , ,600 59, B+ 300 hon Honeywell , ,461 37, A 250 iyt Ishares Tr Transp Ave Idx , ,997 40, , , , TELECOMMUNICATION SERVICES 1,100 t At&t Inc , ,705 45, B 1,000 vz Verizon Communications Inc , ,750 48, B 80,312 94,455 94, CONSUMER DISCRETIONARY 600 dis Disney (Walt) Com , ,034 68, A+ 400 hd Home Depot Inc , ,732 58, A+ 500 mcd Mcdonald's Corp , ,805 64, A 600 xly Select Sector Spdr Tr Sbi Cons , ,770 52, Discr 600 wsm Williams Sonoma Inc Com , ,172 32, A 129, , , CONSUMER STAPLES 1,100 mo Altria Group Inc , ,562 78, A- 800 ko Coca Cola Co Com , ,952 33, A- 550 pm Philip Morris Intl Inc Com , ,095 62, B 81, , , ENERGY 300 cvx Chevron Corporation , ,211 32, B 230 xom Exxon Mobil Corporation , ,862 18, B+ 1,335 kmi Kinder Morgan Inc Del Com , ,023 29, B 525 xle Select Sector Spdr Tr Sbi , ,697 36, Int-Energy 145, , , Page 5 of 7

22 PORTFOLIO APPRAISAL March 31, 2017 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date FINANCIAL 100 blk Blackrock Inc Com , ,351 38, A 750 jpm Jpmorgan Chase & Co , ,880 65, A- 700 met Metlife Inc Com , ,974 36, B 6,500 xlf Select Sector Spdr Tr Sbi Int-Finl , , , kie Spdr S&p Insurance Etf , ,376 34, usb U. S. Bancorp , ,200 41, B+ 229, , , HEALTHCARE 250 iyh Ishares US Healthcare ETF , ,925 38, jnj Johnson & Johnson , ,275 62, A 1,100 mrk Merck & Co Inc (new) , ,894 69, B 1,200 pfe Pfizer Inc , ,052 41, B+ 131, , , INFORMATION TECHNOLOGY 420 aapl Apple Inc , ,337 60, B+ 300 ibm International Bus Mach , ,242 52, A 2,000 iyw Ishares US Technology ETF , , , ,000 msft Microsoft Corp , ,860 65, A- 188, , , REAL ESTATE INVESTMENT TRUSTS 695 xlre Select Sector Spdr Tr Rl Est Sel Sec , ,962 21, UTILITIES 400 d Dominion Res Va New Com , ,028 31, B 600 pnw Pinnacle West Cap Corp , ,028 50, A- 1,000 xlu Select Sector Spdr Tr Sbi , ,310 51, Int-Utils 85, , , ,299,814 2,113,070 2,113, AMERICAN DEPOSITORY RECEIPTS ENERGY 1,000 bp BP Plc Sponsored Adr , ,520 34, ,250 34,520 34, TOTAL PORTFOLIO 1,377,864 2,183, ,183, Page 6 of 7

23 PURCHASE/SALE AND GAIN/LOSS From To Trade Settle Unit Original Date Date Quantity Security Price Amount Price Gain/Loss No transactions within the specified date range were found! Page 7 of 7

24 Quarterly Investment Report June 30, 2017 Q4 FY2017 Office of the City Treasurer - City of Sacramento John Colville, City Treasurer Q4 FY2017

25 INTRODUCTION In 1993, Ethel MacLeod Hart left a bequest of $1,498, to the City of Sacramento for the.. use, enjoyment and comfort of senior citizens. On the recommendation of the Ethel MacLeod Hart Advisory Committee a permanent endowment of $1,000,000 was established. The balance of the bequest was retained in an operating fund account (Hart Operating Fund) and used over the next fiveyear period for appropriate projects. Annually the amount available for disbursement will be reported to the Board by Rosanne Bernardy, Superintendent of the Office of Human Services. The Hart Trust Endowment Fund ( the Fund ) will be invested with a growth objective. The minimum return objective on these dollars over a five year period is $400,000 or roughly 7% compounded annually. The Advisory Committee is responsible for providing advice to City staff and the City Council on the appropriate use of the Ethel MacLeod Hart Trust Fund for Senior Citizens consistent with the terms of the bequest, the interest of the donor, and the approved general guidelines. The Advisory Committee consists of seven members appointed by the Mayor. Appointees must be residents of the City and at least sixty (60) years of age. Two Advisory Committee members must be representatives of specific organizations: American Association of Retired Persons and Sacramento County Adult and Aging Commission. STRATEGY * Adhere to prudent investment practices to provide for the preservation and growth of principal; and OBJECTIVES * The objective for this fund is growth and capital preservation; and * To earn a total rate of return on the Hart Trust Endowment Fund to meet the return objectives of $400,000 (approximately 7% compounded annually) over subsequent five-year periods; and * Provide liquidity for the Hart Operating Fund for the..use, enjoyment and comfort of senior citizens based on recommendations to City Council by the Advisory Committee. Page 2 of 8

26 June 30, 2017 Performance Quarter Inception Since To Date To Date Account SBBIG S&P U.S. Treasury Yield Curve - Fiscal Year Capital Market Returns - Quarter Ended June 30, 2017 Page 3 of 8

27 June 30, 2017 Activity From to Actual Asset Allocation Portfolio Value on ,183,390 Contributions 0 Withdrawals 0 Realized Gains 348 Unrealized Gains 42,977 Interest 137 Dividends 13,057 Portfolio Value on ,239,908 Cash and Equivalents 2.51% Equities 97.49% Top 10 Holdings Securities Market Value Pct. Ishares US Technology ETF 167, Select Sector Spdr Tr Sbi Int-Finl 160, Altria Group Inc 81, Mcdonald's Corp 76, Merck & Co Inc (new) 70, Microsoft Corp 68, Jpmorgan Chase & Co 68, Johnson & Johnson 66, Philip Morris Intl Inc Com 64, Boeing Co Com 64, Page 4 of 8

28 PORTFOLIO APPRAISAL June 30, 2017 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date CASH AND EQUIVALENTS divacc Dividend Accrual 3,058 3,058 3, PoolA Pool A Cash 53,262 53,262 53, ,320 56,320 56, COMMON STOCK MATERIALS 320 mon Monsanto C0 New Com , ,875 37, A- INDUSTRIALS 325 ba Boeing Co Com , ,269 64, A 300 de Deere & Co Com , ,077 37, B+ 2,000 ge General Electric Co , ,020 54, B+ 300 hon Honeywell , ,987 39, A 250 iyt Ishares Tr Transp Ave Idx , ,017 43, unp Union Pac Corp Com , ,386 41, A 233, , , TELECOMMUNICATION SERVICES 1,100 t At&t Inc , ,503 41, B 1,000 vz Verizon Communications Inc , ,660 44, B 80,312 86,163 86, CONSUMER DISCRETIONARY 600 dis Disney (Walt) Com , ,750 63, A+ 400 hd Home Depot Inc , ,360 61, A+ 500 mcd Mcdonald's Corp , ,580 76, A 600 xly Select Sector Spdr Tr Sbi Cons , ,778 53, Discr 102, , , CONSUMER STAPLES 1,100 mo Altria Group Inc , ,917 81, A- 1,120 ko Coca Cola Co Com , ,232 50, A- 300 pep Pepsico Inc , ,647 34, A 550 pm Philip Morris Intl Inc Com , ,597 64, B 450 pg Procter & Gamble Co , ,217 39, A 171, , , ENERGY 540 cvx Chevron Corporation , ,338 56, B 580 xom Exxon Mobil Corporation , ,823 46, B+ 525 xle Select Sector Spdr Tr Sbi , ,083 34, Int-Energy 143, , , Page 5 of 8

29 PORTFOLIO APPRAISAL June 30, 2017 Call Security Unit Total Market Accrued Market Value Pct. Cur. Bond Put Quantity Symbol Security Cost Cost Price Value Interest + Accrd. Int. Assets Yield S & P Moody Status Date FINANCIAL 100 blk Blackrock Inc Com , ,241 42, A 750 jpm Jpmorgan Chase & Co , ,550 68, A- 700 met Metlife Inc Com , ,458 38, B 6,500 xlf Select Sector Spdr Tr Sbi Int-Finl , , , kie Spdr S&p Insurance Etf , ,224 35, usb U. S. Bancorp , ,536 41, B+ 229, , , HEALTHCARE 250 iyh Ishares US Healthcare ETF , ,565 41, jnj Johnson & Johnson , ,145 66, A 1,100 mrk Merck & Co Inc (new) , ,499 70, B 1,200 pfe Pfizer Inc , ,308 40, B+ 131, , , INFORMATION TECHNOLOGY 420 aapl Apple Inc , ,488 60, B+ 300 ibm International Bus Mach , ,149 46, A 1,200 iyw Ishares US Technology ETF , , , ,000 msft Microsoft Corp , ,930 68, A- 152, , , UTILITIES 400 d Dominion Energy Inc , ,652 30, B 600 pnw Pinnacle West Cap Corp , ,096 51, A- 1,000 xlu Select Sector Spdr Tr Sbi , ,960 51, Int-Utils 85, , , ,343,304 2,148,938 2,148, AMERICAN DEPOSITORY RECEIPTS ENERGY 1,000 bp BP Plc Sponsored Adr , ,650 34, ,250 34,650 34, TOTAL PORTFOLIO 1,441,874 2,239, ,239, Page 6 of 8

30 PURCHASE/SALE AND GAIN/LOSS From To Trade Settle Unit Date Date Quantity Security Price Amount Price Difference Purchases COMMON STOCK Chevron Corporation , Coca Cola Co Com , Exxon Mobil Corporation , Pepsico Inc , Procter & Gamble Co , Union Pac Corp Com , ,314 Total Purchases 184,314 Page 7 of 8

31 PURCHASE/SALE AND GAIN/LOSS From To Trade Settle Unit Original Date Date Quantity Security Price Amount Price Gain/Loss Sales COMMON STOCK Ishares US Technology ETF , , ,335 Kinder Morgan Inc Del Com , , Select Sector Spdr Tr Rl Est Sel Sec , Williams Sonoma Inc Com , , ,641 50,817 Total Sales 191,641 50,817 Page 8 of 8