INVESTMENT PORTFOLIO SUMMARY REPORT

Transcription

1 INVESTMENT PORTFOLIO SUMMARY REPORT ESCAMBIA COUNTY BOARD OF COUNTY COMMISSIONERS INVESTMENT PORTFOLIO SUMMARY REPORT Prepared by: Pam Childers Clerk of the Circuit Court & Comptroller First Judicial Circuit, Escambia County Prepared by the Clerk of the Circuit Court and Comptroller Page 1

2 INVESTMENT PORTFOLIO SUMMARY REPORT INVESTMENT PORTFOLIO COMPOSITION SHORT TERM AND LONG TERM CORE PORTFOLIO PERFORMANCE STATISTICS Market Value SUMMARY OF INVESTMENT ALLOCATION September 30, 2017 SHORT TERM PORTFOLIO: September 30, 2017 Bank Accounts $ 37,907,256 $ 42,602,910 Market Value $ 239,212,117 $ 224,022,053 Money Market Accounts 60,697,741 60,726,970 State Board of Administration 75,324,969 55,408,113 Short Term Portfolio Yield: 0.91% 0.87% Local Government Investment Pools 25,229,531 25,231,440 Benchmark: S&P GIP Index 30 Day Gross of Fees Yield: 1.08% 1.09% Certificates of Deposit 40,052,620 40,052,620 Money Market Mutual Fund 787, ,445 Fiscal YTD Earnings: $ 1,333,508 $ 153,771 U.S. Treasury Bond/Notes 38,397,517 38,285,838 Federal Agency Bond/Note 35,140,225 35,105,208 Municipal Bonds 3,933,004 3,929,608 ENHANCED CASH PORTFOLIO: September 30, 2017 Corporate Notes 25,251,060 25,202,449 Market Value $ - $ - Total Portfolio Assets: $ 342,721,704 $ 327,426,602 Enhanced Cash Portfolio Yield to Maturity at Cost: 0.00% 0.00% Benchmark Merrill Lynch 1 Year U.S. Treasury Index: 1.34% 1.45% Current Month Earnings: $ 285,141 $ 279,583 Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: 1.47% 1.59% Fiscal Year to Date Earnings: $ 2,673,863 $ 279,583 Effective Duration (Years) Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: Fiscal YTD Earnings: $ 3,316 $ - LONG TERM CORE PORTFOLIO: September 30, 2017 Market Value $ 103,509,587 $ 103,404,548 CORE Portfolio Yield to Maturity at Market: 1.66% 1.74% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 1.60% 1.71% CORE Portfolio Total Return: -0.23% -0.06% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: -0.34% -0.09% Effective Duration (Years) Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: Fiscal YTD Earnings: $ 1,337,039 $ 125,812 Prepared by the Clerk of the Circuit Court and Comptroller Page 2

3 INVESTMENT PORTFOLIO REPORT SHORT TERM INVESTMENT PORTFOLIO: PORTFOLIO COMPOSITION DISTRIBUTION & CREDIT QUALITY: Investment Type Market Value Percent Allocation Bank of America Checking Account $ 42,602, % Money Market Accounts 60,726, % Certificates of Deposit 40,052, % State Board of Administration 55,408, % Local Government Investment Pools 25,231, % Bank Deposits 64.0% Short Term Portfolio Credit Quality AAAm 36.0% Total Short Term Portfolio Assets: $ 224,022, % LONG TERM INVESTMENT PORTFOLIO: PORTFOLIO COMPOSITION DISTRIBUTION & CREDIT QUALITY: Investment Type Market Value Percent Allocation U.S. Treasury Bond / Note $ 38,285, % Federal Agency Bond / Note 35,105, % Municipal Obligations 3,929, % Corporate Note 25,202, % Money Market Mutual Fund - Federated Government 881, % AA- 8.18% AA 3.39% A+ 5.66% A 6.26% Long Term Core Portfolio Credit Quality A- 1.96% AAA 0.49% Total Long Term Core Portfolio Assets: $ 103,404, % AA % Prepared by the Clerk of the Circuit Court and Comptroller Page 3

4 INVESTMENT POLICY COMPLIANCE REPORT Security Type Market Value Percent Allocation Permitted by Policy In Compliance Florida Prime (SBA) $ 55,408, % 25% Yes United States Treasury Securities 38,285, % 100% Yes Federal Instrumentalities 35,105, % 50% Yes Local Government Investment Pools 25,231, % 50% Yes Certificates of Deposit 40,052, % 50% Yes Savings Accounts 60,726, % 50% Yes Corporate Notes 25,202, % 25% Yes State and/or Local Government Debt 3,929, % 25% Yes Bank Accounts - Bank of America 42,602, % 100% Yes Money Market Mutual Fund 881, % 50% Yes Total Investment Holdings $ 327,426, % Individual Issuer Breakdown Market Value Percent Allocation Permitted by Policy In Compliance American Express Co 1,005, % 5% Yes American Honda Finance 419, % 5% Yes Apple Inc. Corporate Notes 749, % 5% Yes Bank Accounts - Bank of America 42,602, % 100% Yes BBVA Compass 20,022, % 15% Yes Centennial Bank 15,082, % 15% Yes Caterpillar INC 745, % 5% Yes Chevron Corporation Corp Notes 749, % 5% Yes Cisco Systems Inc. 2,052, % 5% Yes City of New York 1,706, % 5% Yes Coca-Cola Company 325, % 5% Yes Colgate-Palmolive Co 747, % 5% Yes Deere & Company 1,185, % 5% Yes Exxon Mobil Corporate Notes 1,000, % 5% Yes Fannie Mae 11,974, % 5% Yes Federal Home Loan Bank (FHLB) 15,000, % 25% Yes Fidelity Institutional Government MMF 881, % 25% Yes FLCLASS 5,057, % 25% Yes Florida Prime (SBA) 55,408, % 25% Yes Florida Local Government Investment Trust 20,173, % 25% Yes Freddie Mac 8,130, % 25% Yes Hancock Bank 22,804, % 15% Yes Home Depot Inc. 469, % 5% Yes Intel Corporation 1,004, % 5% Yes International Business Machines 988, % 5% Yes JP Morgan Chase Corporate Notes 1,006, % 5% Yes Prepared by the Clerk of the Circuit Court and Comptroller Page 4

5 INVESTMENT POLICY COMPLIANCE REPORT Microsoft Corporate Notes 503, % 5% Yes Mississippi State 758, % 5% Yes Oracle Corp 1,007, % 5% Yes Individual Issuer Breakdown Market Value Percent Allocation Permitted by Policy In Compliance Pepsico, Inc. 1,056, % 5% Yes Pfizer Inc Corporate Notes 1,006, % 5% Yes Proctor & Gamble Co 657, % 5% Yes Servisfirst Bank 42,870, % 15% Yes State of Connecticut 681, % 5% Yes State Street Corporation 1,017, % 5% Yes The Bank of New York Mellon Corporation 2,000, % 5% Yes The Walt Disney Corporation 504, % 5% Yes Toyota Motor Corp 2,092, % 5% Yes United Parcel Service Inc. 501, % 5% Yes United States Treasury Securities 38,285, % 100% Yes University of WA Taxable Revenue Bonds 783, % 5% Yes VISA INC 649, % 5% Yes Wells Fargo &Company Corporate Notes 1,753, % 5% Yes Total Investment Holdings $ 327,426, % Prepared by the Clerk of the Circuit Court and Comptroller Page 5